Getbig.com: American Bodybuilding, Fitness and Figure

Getbig Main Boards => Gossip & Opinions => Topic started by: LurkerNoMore on June 18, 2015, 12:40:58 PM

Title: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on June 18, 2015, 12:40:58 PM
How did this industry ever turn out?  Granted, other than knowing some places accept it as currency, I am not very familiar with it. 

One of my co workers, her husband and his brother are setting up a bitcoin op.  They are putting in 200K for all the equipment and everything.  Have a big location space and are elevating the floors for cooling methods (coils, circulating air, etc..).  They are talking big numbers to be made per month but they could be clueless or overly optimistic. 

I thought this stuff jumped the shark a while a back.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: thegamechanger on June 18, 2015, 12:43:20 PM
sounds risky, ill invest my money in an old hardcore cellar gym rather.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on June 18, 2015, 12:46:42 PM
Quote from: LurkerNoMore on June 18, 2015, 12:40:58 PM
How did this industry ever turn out?  Granted, other than knowing some places accept it as currency, I am not very familiar with it.  

One of my co workers, her husband and his brother are setting up a bitcoin op.  They are putting in 200K for all the equipment and everything.  Have a big location space and are elevating the floors for cooling methods (coils, circulating air, etc..).  They are talking big numbers to be made per month but they could be clueless or overly optimistic.  

I thought this stuff jumped the shark a while a back.

Started way too late, in the early days most of the bitcoin hadn't been mined, if joe blow with even his i5 pc and ati graphics card had started mining from near the beginning, he'd be a rich man by now.As far as I'm aware most of the bitcoin has been mined now, unless further coins have been put out to be mined.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on June 18, 2015, 12:48:38 PM
Quote from: LurkerNoMore on June 18, 2015, 12:40:58 PM
How did this industry ever turn out?  Granted, other than knowing some places accept it as currency, I am not very familiar with it. 

One of my co workers, her husband and his brother are setting up a bitcoin op.  They are putting in 200K for all the equipment and everything.  Have a big location space and are elevating the floors for cooling methods (coils, circulating air, etc..).  They are talking big numbers to be made per month but they could be clueless or overly optimistic. 

I thought this stuff jumped the shark a while a back.

That ship has sailed.  There was money to be made for a while but now mining is super slow and competitive and MtGox fucked over a lot of people and proved it is a big scam.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on June 18, 2015, 01:02:11 PM
Quote from: El Diablo Blanco on June 18, 2015, 12:48:38 PM
That ship has sailed.  There was money to be made for a while but now mining is super slow and competitive and MtGox fucked over a lot of people and proved it is a big scam.

Yup, bitcoin was a money making activity when the cost of electricity you needed to use to mine was less than the value of the coins you mined, now the amount of electricity needed to even mine 1 coin id imagine is way past the value of the coin.Im guessing only people stealing company electricity are bothering now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on June 18, 2015, 01:14:02 PM
I wasn't aware of the specifics but I was sure that the fad has passed.  Thanks for the replies.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Nails on June 18, 2015, 02:27:21 PM
Ask the bitcoin billionaire Vince Goodrum
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on June 18, 2015, 02:45:20 PM
Bitcoin flaws are to great. One of Bitcoins features was that it was suppose to be untraceable. It is very traceable. So no benefit over mobile pay systems like apple pay, Google pay, even PayPal. All safer then using a credit card, and the money is back by governments. 
Would have be nice for the world to have an universal currency. Too bad it will never will happen. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Croatch on June 18, 2015, 02:53:13 PM
I saw a documentary on Bitcoin.  What an odd group.  I'll stay with cash for now, but thanks.
Bunch of Internet geeks looking for the funny money to use as currency, created by a guy who was undefined.  Sounds legitimate.
Their big selling feature to stores is, we only take 1% of transactions.  Uhh...yeah, I'll pass again.  If the 3% on a card is that big an issue, just take cash.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on June 18, 2015, 04:55:06 PM
Government beta test for an all digital currency.  Stay away from it.

Use cash for daily transactions... save in gold and silver.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Coffeed on June 18, 2015, 05:28:06 PM
I'll just say this: I'm not trading it for my vintage 90's bodybuilding magazine stockpile anytime soon.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Croatch on June 18, 2015, 06:13:40 PM
Quote from: Coffeed on June 18, 2015, 05:28:06 PM
I'll just say this: I'm not trading it for my vintage 90's bodybuilding magazine stockpile anytime soon.
Come on.  I'll give you 200 bitcoins and 4 Wonka bucks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on June 18, 2015, 08:18:32 PM
Quote from: Croatch on June 18, 2015, 06:13:40 PM
Come on.  I'll give you 200 bitcoins and 4 Wonka bucks.
im going to invent a new digital currency called "CockInches". The more you have, the bigger your e- penis is.  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: James28 on June 18, 2015, 08:35:43 PM
Quote from: LurkerNoMore on June 18, 2015, 12:40:58 PM
How did this industry ever turn out?  Granted, other than knowing some places accept it as currency, I am not very familiar with it. 

One of my co workers, her husband and his brother are setting up a bitcoin op.  They are putting in 200K for all the equipment and everything.  Have a big location space and are elevating the floors for cooling methods (coils, circulating air, etc..).  They are talking big numbers to be made per month but they could be clueless or overly optimistic. 

I thought this stuff jumped the shark a while a back.

Haha. The only money they'll ever see is when they sell the equipment in a year's time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: avxo on June 19, 2015, 01:02:41 AM
Quote from: Nails on June 18, 2015, 02:27:21 PM
Ask the bitcoin billionaire Vince Goodrum

i wonder what the Journal has to say about digital bee pollen futures.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on June 19, 2015, 09:27:49 AM
Quote from: James28 on June 18, 2015, 08:35:43 PM
Haha. The only money they'll ever see is when they sell the equipment in a year's time.


LOL!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: avxo on June 19, 2015, 09:34:46 AM
Quote from: James28 on June 18, 2015, 08:35:43 PM
Haha. The only money they'll ever see is when they sell the equipment in a year's time.

Not really familiar with the whole Bitcoin scene but doesn't the hardware need to be upgraded all the time to keep up? If so, I doubt that selling today's equipment a year from now will be profitable.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Nails on June 19, 2015, 09:55:18 AM
(http://cdn.arstechnica.net/wp-content/uploads/2013/11/trading-place-bitcoin.jpg)


(http://i43.tinypic.com/ac5phi.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: muscleman-2013 on June 19, 2015, 10:03:55 AM
Quote from: LurkerNoMore on June 18, 2015, 12:40:58 PM
How did this industry ever turn out?  Granted, other than knowing some places accept it as currency, I am not very familiar with it. 

One of my co workers, her husband and his brother are setting up a bitcoin op.  They are putting in 200K for all the equipment and everything.  Have a big location space and are elevating the floors for cooling methods (coils, circulating air, etc..).  They are talking big numbers to be made per month but they could be clueless or overly optimistic. 

I thought this stuff jumped the shark a while a back.

The ship has sailed for mining.  Game over.  Investment in mining is a total waste and in your friends case, a total disaster.

But Bitcoin itself is not a failure.  Right now 1 bitcoin = 245 USD.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on June 19, 2015, 10:07:54 AM
There are other variations out there like litecoin and something else I can't remember.  But the MtGox which stole hundreds of millions once bitcoin reached its peak was the nail in the coffin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: syntaxmachine on June 19, 2015, 05:52:32 PM
The opinions expressed in this thread are firm evidence of the media's ability to shape mass opinion (coverage of bitcoin has been overwhelmingly negative since its inception), in this instance on a topic which requires independent research and a bit of technical knowledge to understand properly.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: 2Thick on June 20, 2015, 12:10:59 PM
Not my thing. No actual value, extremely volatile, too "new" and unproven and totally unregulated.

You can make a big profit in a short time period if you time it right, but you can also lose your ass or perhaps even get ripped off.

I've always said tread lightly with it if you insist on getting involved at all with it at this point... and know who you're dealing with.

When I start hearing the richest and smartest investors in the world are looking at it, I may reconsider. Until then, I'll stick to stocks, bonds, commodities, and the odd legit currency play. Have been a little short on yen and euros in the not too distant past. Just bought a little more gold, silver, and crude exposure with those same currencies when I recently bought them back.

I think China will be next to have problems, but it may take a little while.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Europe on November 03, 2015, 02:39:59 PM
Didn't some getbiggers bought Bitcoins? They should cash in while it's still hot now!


Bitcoin spikes 70% in a month; nobody knows why
http://www.cnbc.com/2015/11/03/bitcoins-price-jumps-more-than-70-in-one-month.html


Bitcoin to be 6th largest reserve currency by 2030:
http://www.cnbc.com/2015/11/03/bitcoin-to-be-6th-largest-reserve-currency-by-2030-research.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Kwon_2 on November 03, 2015, 02:55:45 PM
Our Bitcoin Bedlam aka Bitcoin Behemoth is Melvin Goodrum
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pissant on November 03, 2015, 02:58:08 PM
Lol no body knows why. Cnbc is so fucking stupid. It's cause there is more demand than supply thus price increases.  Euro has also said it's non taxable and china is adopting it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Skeletor on November 03, 2015, 03:13:46 PM
(http://i43.tinypic.com/ac5phi.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on November 03, 2015, 03:27:13 PM
Goodrum: It is time to buy it now!


(http://www.thedetroitbureau.com/wp-content/uploads/2011/11/Jaguar-C-X16.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Red Hook on November 03, 2015, 06:38:15 PM
where is venom vodoo vince to explain all of this "finance" stuff to us?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: NaturalWonder83 on November 03, 2015, 06:45:36 PM
Quote from: Kwon_2 on November 03, 2015, 02:55:45 PM
Our Bitcoin Bedlam aka Bitcoin Behemoth is Melvin Goodrum
x10000
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Nails on November 03, 2015, 06:54:24 PM
(https://s-media-cache-ak0.pinimg.com/236x/2b/64/6c/2b646c72f4753242d599ccac6309f335.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Irongrip400 on November 03, 2015, 07:13:08 PM
Quote from: Red Hook on November 03, 2015, 06:38:15 PM
where is venom vodoo vince to explain all of this "finance" stuff to us?



I thought he said he got out of them a while back?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Tapeworm on November 03, 2015, 08:03:33 PM
It's a made up currency not associated with any country.  No shit it's volatile.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: sync pulse on November 04, 2015, 12:09:33 AM
Quote from: Tapeworm on November 03, 2015, 08:03:33 PM
It's a made up currency not associated with any country.  No shit it's volatile.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on September 01, 2017, 06:34:17 AM
Hope all u guys got some. You will be able to retire and just chill and train if they ever get to 100k per coin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dave D on September 01, 2017, 08:40:31 AM
How many coins do you own?

And why would you sell at 100k, why not wait until the price hits 200k?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: visualizeperfection on September 01, 2017, 10:03:43 AM
Why make trillions, when we can make... billions.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Powerlift66 on September 01, 2017, 10:15:35 AM
I only bought 5, when they were around 1K. Should have invested more, better than nada I guess.
I can buy lots of gear with my bitcoins now.   :-*
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on September 01, 2017, 10:35:25 AM
Why are they worth so much,I was offered 30 beginning of January for 15k and passed.Feel pretty stupid right now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on September 01, 2017, 11:43:59 AM
Seriously. The had a huge drop.  What's running them up?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on September 01, 2017, 12:11:14 PM
Quote from: jr on September 01, 2017, 12:03:42 PM
If bitcoins continue to rise in price at the same rate they have been for the past 7 years, a bitcoin will be worth 1 million dollars within 3 years. ( in 2 years and 9 months to be more precise).

So I wonder if I should buy 1 right now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on September 01, 2017, 12:16:02 PM
Quote from: Powerlift66 on September 01, 2017, 10:15:35 AM
I only bought 5, when they were around 1K. Should have invested more, better than nada I guess.
I can buy lots of gear with my bitcoins now.   :-*

Can you easily convert them to $?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on September 01, 2017, 12:18:22 PM
The longer this goes on unabated, the more I believe government created it.  They want a cashless society.  That's not a good thing.  Right now you have to convert it back to dollars in order to spend it.  EVERY transaction you make is traceable and taxable.  The IRS is on top of it and will come after you for taxes owed... this happened to a friend of mine that bought a whole bunch when it was $100.  In May 2017 he cashed out at around $2000.  Just recently he received a tax bill from the IRS for $25,000 - ouch.

TPTB have to keep their fiat scam system going and cryptos are the future of it.  I'm stay far away from these things, I don't care how high they go.  

You want to invest in a seriously undervalued asset with enormous upside potential?... silver is it.  Keep in mind it is a l-o-n-g term investment and it could take years to reach true/full value.  Right now the price of metals are being manipulated and held down by TPTB.  However, they cannot do it forever.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on September 01, 2017, 12:21:31 PM
Quote from: jr on September 01, 2017, 12:03:42 PM
If bitcoins continue to rise in price at the same rate they have been for the past 7 years, a bitcoin will be worth 1 million dollars within 3 years. ( in 2 years and 9 months to be more precise).

It's entirely possible too.  Governments are in full control of all of it... don't kid yourself.  They want a cashless society.  It will also be a tax windfall for them.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on September 01, 2017, 12:27:14 PM
(http://i43.tinypic.com/ac5phi.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on September 01, 2017, 01:01:42 PM
Quote from: jr on September 01, 2017, 12:40:08 PM
You can sell bitcoins for cash in hand using something like localbitcoins.  The government won't know the identity of the person who sold their bitcoins if they ensured that their identity is not tied to their bitcoin address.

The transactions are not anonymous.  Please stop spreading this BS.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Taffin on September 01, 2017, 01:48:14 PM
Quote from: Mr Anabolic on September 01, 2017, 12:18:22 PM
The longer this goes on unabated, the more I believe government created it.  They want a cashless society.  That's not a good thing.  Right now you have to convert it back to dollars in order to spend it.  EVERY transaction you make is traceable and taxable.  The IRS is on top of it and will come after you for taxes owed... this happened to a friend of mine that bought a whole bunch when it was $100.  In May 2017 he cashed out at around $2000.  Just recently he received a tax bill from the IRS for $25,000 - ouch.

TPTB have to keep their fiat scam system going and cryptos are the future of it.  I'm stay far away from these things, I don't care how high they go.  

You want to invest in a seriously undervalued asset with enormous upside potential?... silver is it.  Keep in mind it is a l-o-n-g term investment and it could take years to reach true/full value.  Right now the price of metals are being manipulated and held down by TPTB.  However, they cannot do it forever.

But presumably he made a load of $$ even with the tax bill settled..?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on September 01, 2017, 01:56:29 PM
Quote from: jr on September 01, 2017, 12:42:50 PM
I have a personal aversion to buying at all time highs because I pessimistically think that I would be buying the top, and the prices will collapse as soon as I press the BUY button. But that is just my negative thinking. It's up to the individual at the end of the day.

I definitely have the same feeling.Just contemplating 1 only because of the hype most likely won't buy one though.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on September 01, 2017, 02:33:04 PM
Quote from: robcguns on September 01, 2017, 01:56:29 PM
I definitely have the same feeling.Just contemplating 1 only because of the hype most likely won't buy one though.

Rob, would you invest in Caliber Fitness?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on September 01, 2017, 02:33:39 PM
Quote from: SF1900 on September 01, 2017, 02:33:04 PM
Rob, would you invest in Caliber Fitness?

100%,just wish I would get asked.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on September 01, 2017, 03:13:11 PM
Quote from: Taffin on September 01, 2017, 01:48:14 PM
But presumably he made a load of $$ even with the tax bill settled..?

My point is the IRS found out about the transaction and sent him a "pay us our money or else" letter.  

Anyone who wants to buy a bunch of digital cyberspace electrons for $5000 a piece because you think it's going to $1 mil USD... please, be my guest.  

Stocks, bonds, and cryptos are in a huge bubble.  Real estate too.  However, they can (and probably will) go even higher.  The madness and delusions of crowds are quite an interesting thing to observe.  Things are bit different today... it's mostly computers running the stock market.  That might make the collapse even worse.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on September 01, 2017, 04:28:21 PM
Quote from: Mr Anabolic on September 01, 2017, 03:13:11 PM
My point is the IRS found out about the transaction and sent him a "pay us our money or else" letter. 

Anyone who wants to buy a bunch of digital cyberspace electrons for $5000 a piece because you think it's going to $1 mil USD... please, be my guest. 

Stocks, bonds, and cryptos are in a huge bubble.  Real estate too.  However, they can (and probably will) go even higher.  The madness and delusions of crowds are quite an interesting thing to observe.  Things are bit different today... it's mostly computers running the stock market.  That might make the collapse even worse.

Lol at bitcoin going to millions.  The total value of all bitcoins right now is $75 billion.  Anyone who thinks it will be worth more than the entire worlds currencies is nuts.

Also the gov has fuck all to do with this.  The gov has nothing to do with money.  Learn about the Federal Reserve then you'll realize how fucking evil money is.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on September 01, 2017, 05:10:27 PM
Quote from: El Diablo Blanco on September 01, 2017, 04:28:21 PM
Lol at bitcoin going to millions.  The total value of all bitcoins right now is $75 billion.  Anyone who thinks it will be worth more than the entire worlds currencies is nuts.

Also the gov has fuck all to do with this.  The gov has nothing to do with money.  Learn about the Federal Reserve then you'll realize how fucking evil money is.

I know all about the Fed reserve.  The US dollar will be dead in a few years... totally worthless.

Ben Bernanke recently gave a speech about benefits of bitcoin and cryptos/tokens.  What government/central bank would let some outside fiat currency instrument compete with their own fiat currency?  Answer... they wouldn't, unless they created it.  

About 10 years ago the feds arrested and threw someone in jail for making a Ron Paul coin that had a $1 dollar value on it.  

Goldman Sachs is now promoting and investing it in.  There are crypto/token ETF's coming.  

If the government is not behind it, they are certainly allowing and/or adopting it.  

The main goal is to take away the anonymity of physical cash so they can trace, track and tax everything.  

The end game is complete control.  

Say/do something subversive or negative about the government or a politician, they'll simply turn off your account access with a flick of a switch.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on September 01, 2017, 05:16:14 PM
Quote from: El Diablo Blanco on September 01, 2017, 11:43:59 AM
Seriously. The had a huge drop.  What's running them up?

North Korea buying. And china buying big time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Notomorrow on September 01, 2017, 05:32:29 PM
As with all investments...

People with real money start buying frantically

They drive the price up...then recommend poor people invest to get rich like them

They monitor the price until they've made enough money then start dumping it...leaving the poor to take the losses

You didn't learn from losing all that money on the sure fire get rich dot coms a few years back?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on September 01, 2017, 06:19:02 PM
The fact bitcoin is in the news now means you missed your chance.  Like any stock, you never heard about it during the run up, then when it reaches a high the news covers it, all of the sheep jump in while the wolves sell and it crashes and the cycle continues.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on September 01, 2017, 06:38:41 PM
Mr. Anabolic.

I fully enjoy all of your financial posts.   Generally spot on, in my opinion.   Actually looking at fucking around with some silver.

But back to topic:  I think, eventually, a universal cybercurrency is inevitable.

Do you agree, and is this it?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: jude2 on September 01, 2017, 07:05:59 PM
It dropped 20% today.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: jude2 on September 01, 2017, 07:18:15 PM
That is not the coin just the trust.  BUt that bitcoin trust is up over 600% this yr which is more than the actual coin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gmflex on September 01, 2017, 08:17:39 PM
What is the safest and easiest way to buy bitcoins?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Rearden Metal on September 01, 2017, 08:22:46 PM
Quote from: El Diablo Blanco on September 01, 2017, 04:28:21 PM
Lol at bitcoin going to millions.  The total value of all bitcoins right now is $75 billion.  Anyone who thinks it will be worth more than the entire worlds currencies is nuts.

Also the gov has fuck all to do with this.  The gov has nothing to do with money.  Learn about the Federal Reserve then you'll realize how fucking evil money is.

You have no concept of what blockchain is. This is not a stock market.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: jude2 on September 01, 2017, 08:40:28 PM
Quote from: gmflex on September 01, 2017, 08:17:39 PM
What is the safest and easiest way to buy bitcoins?
You can buy the bitcoins trust on the stock market. It is up 600% this year and pulled back 20% today.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: muscleman-2017 on September 02, 2017, 02:30:49 AM
It's gonna go MUCH HIGHER.

Mark my words you ignorant naysayers.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on September 02, 2017, 04:13:52 AM
Quote from: Grape Ape on September 01, 2017, 06:38:41 PM
Mr. Anabolic.

I fully enjoy all of your financial posts.   Generally spot on, in my opinion.   Actually looking at fucking around with some silver.

But back to topic:  I think, eventually, a universal cybercurrency is inevitable.

Do you agree, and is this it?

Yes, it is inevitable.  The US dollar is almost kaput.  Bitcoin is simply a beta test for what the government has already planned.  

Again, the abolishment of physical cash is not something anyone here should wish for... this will make anonymity a thing of the past.  The government will now be able to track everything you do and tax you at will.  Forget about getting paid "under the table"... that won't exist anymore.  

Is bitcoin going to be THE cyber-currency?  Possibly.  IMO, the feds will come up with some 'official' US crypto coin instead.  They also would have to implement control systems in order to keep the price stable.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on September 02, 2017, 07:17:35 AM
Quote from: muscleman-2017 on September 02, 2017, 02:30:49 AM
It's gonna go MUCH HIGHER.

Mark my words you ignorant naysayers.


Could easily get to 10k per coin by year end. We are far from the point where he average man in the street is buying. It's still really geeks and bankers (and a few getbiggers). But just imagine when this goes mainstream.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on September 02, 2017, 09:08:49 AM
Quote from: gmflex on September 01, 2017, 08:17:39 PM
What is the safest and easiest way to buy bitcoins?
Define safe? Non-trackable or trying not to get scammed?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on September 02, 2017, 09:34:33 AM
Can you still mine bitcoins or has that time come and gone??
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: muscleman-2017 on September 02, 2017, 11:09:58 AM
Quote from: TheGrinch on September 02, 2017, 09:34:33 AM
Can you still mine bitcoins or has that time come and gone??

Not profitable to mine them any more for average person (electricity costs outweigh benefits).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tres_taco_combo on September 02, 2017, 03:49:30 PM
thoughts on ripple XRP?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on September 02, 2017, 05:47:22 PM
Quote from: TheGrinch on September 02, 2017, 09:34:33 AM
Can you still mine bitcoins or has that time come and gone??
you can, ether or litecoin would be better.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on September 03, 2017, 08:20:59 AM
Quote from: gib on September 02, 2017, 07:17:35 AM
Could easily get to 10k per coin by year end. We are far from the point where he average man in the street is buying. It's still really geeks and bankers (and a few getbiggers). But just imagine when this goes mainstream.

The average man would have bought at $400, the average man doesn't have $5K to drop on 1 bitcoin
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: f450 on September 03, 2017, 09:56:38 AM
At this point, I dont get it. The attraction to bitcoin was the anonymity, and the ability to keep the government out of your private business.

If that is no longer the case, Then what exactly is the draw? Apart from making it infinitely easier for the government or other nefarious agents to track and /or empty your wallet.

I'd rather have cash. or gold.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on September 03, 2017, 07:00:46 PM
Quote from: f450 on September 03, 2017, 09:56:38 AM
At this point, I dont get it. The attraction to bitcoin was the anonymity, and the ability to keep the government out of your private business.

If that is no longer the case, Then what exactly is the draw? Apart from making it infinitely easier for the government or other nefarious agents to track and /or empty your wallet.

I'd rather have cash. or gold.
Bitcoin is independent from the government. So if government fails, bitcoin is still good, and no need to exchange when traveling.
plus you can also carry money in your mind. By memorizing 16 words. You won't get hack if you have a decent hardware wallet.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on September 03, 2017, 07:15:39 PM
Any of you bros use this Goldmoney debit card that Peter Schiff talks about in his latest Rogan interview?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on September 03, 2017, 08:51:08 PM
Quote from: jr on September 03, 2017, 07:39:36 PM


Bitcoins can't be stolen unless they have private keys control over the entire internet, programs to map all BTC transactions and taxation sytems in place to tax any gains.






You people that see less counterparty risk in BTC compared to metals in your hand make me laugh. Metal may be dead money right now but you are blinded by gains in this vaporware. They can't steal something that doesn't exist, correct....they can fee and tax it along with just making it illegal.

And before you start with the "you don't understand tech" or "my paper wallet" etc just know it only exists at this level because they are allowing it. It is the open door to perfected fiat, one world currency...the ultimate trade of things of value and labor for nothing...which is the way of all banking.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: calfzilla on September 04, 2017, 12:48:10 AM
Quote from: SF1900 on September 01, 2017, 12:27:14 PM
(http://i43.tinypic.com/ac5phi.jpg)

People make fun but Vince Goodrum was right and way ahead of everyone. It was what, over a year ago he made his famous bitcoin thread. If we listened to Vince we would all be rich now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Simple Simon on September 04, 2017, 12:53:24 AM
Quote from: HTexan on September 03, 2017, 07:00:46 PM
Bitcoin is independent from the government. So if government fails, bitcoin is still good, and no need to exchange when traveling.
plus you can also carry money in your mind. By memorizing 16 words. You won't get hack if you have a decent hardware wallet.

Cash, Gold, Bitcoin only have value if people decide it has value.

So , if government fails as the monetary system is fucked, bitcoins value are valued in dollars, without dollars to base it on how much is a bit coin worth.

Its exactly the same with Gold, Gold is valued at $x per ounce, so without the dollar Gold is worth what?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on September 04, 2017, 05:58:25 AM
Quote from: jr on September 03, 2017, 07:39:36 PM
Cash and gold can be stolen, or confiscated by the government.

Bitcoins can't be stolen unless they have your private keys.

(https://static.wixstatic.com/media/78da39_90b63a3af9d144198a571e535ff90274~mv2.png/v1/fill/w_654,h_191,al_c/78da39_90b63a3af9d144198a571e535ff90274~mv2.png)

That comparison chart is a joke.  The bitcoin devotee who made that chart knows NOTHING about gold.  Gold beats bitcoin in every way.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: sculpture on September 04, 2017, 06:00:59 AM
What a load of bollocks that chart is.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on September 04, 2017, 06:07:13 AM
Quote from: SOMEPARTS on September 03, 2017, 08:51:08 PM

You people that see less counterparty risk in BTC compared to metals in your hand make me laugh. Metal may be dead money right now but you are blinded by gains in this vaporware. They can't steal something that doesn't exist, correct....they can fee and tax it along with just making it illegal.

And before you start with the "you don't understand tech" or "my paper wallet" etc just know it only exists at this level because they are allowing it. It is the open door to perfected fiat, one world currency...the ultimate trade of things of value and labor for nothing...which is the way of all banking.

This is what I've been saying all along.  

Bitcoin devotees always revert to the "you don't understand it" line.  Yes, I DO understand it perfectly, this is why I would never buy it.  

Regarding gold and silver:  Silver has much more upside potential at it's current price.  I own lots of both.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on September 04, 2017, 06:14:37 AM
Why on earth would you buy gold or silver?

People who used to buy gold are selling and buying bitcoins.

Right now it's just half a percent. Soon it will be one, then 5, then 10. It's happening. And you will jump on board sooner or later.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on September 04, 2017, 06:40:41 AM
Quote from: gib on September 04, 2017, 06:14:37 AM
Why on earth would you buy gold or silver?

People who used to buy gold are selling and buying bitcoins.

Right now it's just half a percent. Soon it will be one, then 5, then 10. It's happening. And you will jump on board sooner or later.

Your posts here have demonstrated a total ignorance for real value, market cycles and asset bubbles.

Good luck anyway.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Evo on September 04, 2017, 06:45:01 AM
Quote from: gib on September 04, 2017, 06:14:37 AM
Why on earth would you buy gold or silver?



Oh dear god...

Did you seriously...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on September 04, 2017, 08:26:09 AM
Quote from: Evo on September 04, 2017, 06:45:01 AM
Oh dear god...

Did you seriously...

He's a contrary indicator... just like the stinky raghead taxi driver recommending my friend to buy bitcoins two weeks ago.

Me thinks $5000 was THE top.  Let's see if I'm right.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on September 04, 2017, 11:41:09 AM
Quote from: Mr Anabolic on September 04, 2017, 08:26:09 AM
He's a contrary indicator... just like the stinky raghead taxi driver recommending my friend to buy bitcoins two weeks ago.

Me thinks $5000 was THE top.  Let's see if I'm right.


I don't know what the top is going to be. It could go much higher if outflows from Asia continue. A lot of that is hot money though looking for anything outside of the system. Eventually that money has to become "real" again...otherwise it just hypes the price. There is zero reason to believe in BTC any more that the dollar. At least the dollar is defended by military might, the fed and accepted everywhere. The dollar will die, but slowly - and certainly I'm not saying I'm a fan of the current system. If BTC continues to gain market cap great....but they WILL tax your gains in dollars, start capital controls and you will be paying fees/taxes trying to cash out somewhere at some point. There is too much volatility for normal businesses and payment formats to adopt cryptos as a funding source.

People out there saying the stock market sucks because it lacks fundamentals...then they invest in BTC. Jesus. The more money that flows into BTC the more I buy acreage and other tangibles. I don't need gains to pay my bills(or brag about), I'm looking for capital preservation.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tres_taco_combo on September 04, 2017, 11:42:05 AM
its down $800 in the last 2 days

chinese gov is not happy with it
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on September 04, 2017, 12:40:40 PM
Quote from: SOMEPARTS on September 04, 2017, 11:41:09 AM

I don't know what the top is going to be. It could go much higher if outflows from Asia continue. A lot of that is hot money though looking for anything outside of the system. Eventually that money has to become "real" again...otherwise it just hypes the price. There is zero reason to believe in BTC any more that the dollar. At least the dollar is defended by military might, the fed and accepted everywhere. The dollar will die, but slowly - and certainly I'm not saying I'm a fan of the current system. If BTC continues to gain market cap great....but they WILL tax your gains in dollars, start capital controls and you will be paying fees/taxes trying to cash out somewhere at some point. There is too much volatility for normal businesses and payment formats to adopt cryptos as a funding source.

People out there saying the stock market sucks because it lacks fundamentals...then they invest in BTC. Jesus. The more money that flows into BTC the more I buy acreage and other tangibles. I don't need gains to pay my bills(or brag about), I'm looking for capital preservation.

Crypto will only be a currency if some stability mechanisms are put in place.  Until then, speculating on penny stocks is really about the same thing.

Land/housing is good only if it is producing a positive cash flow.  Great it you already own it, but now is not the time to buy.

Right now precious metals are very, very undervalued.  They have the most capital preservation, profit potential and liquidity.  

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Shizzo on September 04, 2017, 01:22:18 PM
Doesn't this just prove that they can create money whenever they want? Bitcoins are a joke. What's next, putting a value on the coins in the Super Mario Bros. games or the gold rings in Sonic The Hedgehog?

It's just like the stock market, the lottery etc... Completely controlled rackets by the rich and insiders.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Simple Simon on September 04, 2017, 01:39:32 PM
Quote from: THE PHOENIX on September 04, 2017, 01:22:18 PM
Doesn't this just prove that they can create money whenever they want? Bitcoins are a joke. What's next, putting a value on the coins in the Super Mario Bros. games or the gold rings in Sonic The Hedgehog?

It's just like the stock market, the lottery etc... Completely controlled rackets by the rich and insiders.

Correct, if they suddenly decided Pokemon characters had monetary value then they would have.

No matter what they establish as a standard, without the ability to exchange it for cash its useless.
Cash has value, not Gold.
Try buying a car with a bar of Gold...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on September 04, 2017, 01:40:37 PM
power goes out.... EMF attack... SHTF......

How you gunna use your online bit coins to pay fo' stuff?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Shizzo on September 04, 2017, 01:43:21 PM
Quote from: jr on September 04, 2017, 01:34:15 PM
The fact is bitcoins have value and the coins in Super Mario Bros. games don't. Probably because  Super Mario Bros coins have no utility.

Bitcoin and blockchain technology reminds me when I first started using the internet in the mid nineties (and BBS in 1990). Many people didn't know anything about the internet and many of those who did thought it was for nerds and geeks and didn't see the future potential.



So if you have to use real money to purchase Bitcoins, then how is that any different from buying stock? I'm sorry, but we are not at the point where some imaginary online money, trumps actual, physical money in hand.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Simple Simon on September 04, 2017, 01:44:47 PM
Quote from: THE PHOENIX on September 04, 2017, 01:43:21 PM
So if you have to use real money to purchase Bitcoins, then how is that any different from buying stock? I'm sorry, but we are not at the point where some imaginary online money, trumps actual, physical money in hand.



for Bitcoins to have value they would be have to be exchanged for cash wouldn't they, alone they have no value, only a monetary value.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Shizzo on September 04, 2017, 01:52:51 PM
Quote from: jr on September 04, 2017, 01:49:40 PM
What if you use US dollars to buy Euro, is that like buying stock?

Most people don't have physical money in hand, most of it their money is stored "online" in an "imaginary" way in a private banks accounting system computer hard drives as digital bits.

Yes, but unless the world enters into utter chaos, my digital money is FDIC insured. Do Bitcoins offer such insurance?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: manuelsonn on September 04, 2017, 01:59:00 PM
Fagcoin is worse than a ponzi dvheme. Beware!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on September 04, 2017, 02:21:59 PM
Bullshit. Gov can just go after the exchanges. Look at how many lost out with mtgox exchange getting robbed. 


Quote from: jr on September 03, 2017, 07:39:36 PM
Cash and gold can be stolen, or confiscated by the government.

Bitcoins can't be stolen unless they have your private keys.

(https://static.wixstatic.com/media/78da39_90b63a3af9d144198a571e535ff90274~mv2.png/v1/fill/w_654,h_191,al_c/78da39_90b63a3af9d144198a571e535ff90274~mv2.png)




Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on September 04, 2017, 07:23:11 PM
Quote from: El Diablo Blanco on September 04, 2017, 02:21:59 PM
Bullshit. Gov can just go after the exchanges. Look at how many lost out with mtgox exchange getting robbed. 



You don't keep your coins on exchanges. Rather you take them offline and store them in cyberspace.

Yes, exchanges, just like banks are vulnerable to theft, and bankruptcy.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on September 04, 2017, 07:46:30 PM
Don't you see? You take your fake money, invented by a fake character and put it in a fake place? Why don't you guys get how great this is?  ::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on September 04, 2017, 07:59:14 PM
Quote from: Mr Anabolic on September 04, 2017, 12:40:40 PM
Crypto will only be a currency if some stability mechanisms are put in place.  Until then, speculating on penny stocks is really about the same thing.

Land/housing is good only if it is producing a positive cash flow.  Great it you already own it, but now is not the time to buy.

Right now precious metals are very, very undervalued.  They have the most capital preservation, profit potential and liquidity.  




I own metals as insurance but again, they are not everything. Silver at $15-17 fine, gold at $1300+ I would not call cheap unless you listen to Peter Schiff everyday. If you think metals going sideways is a better buy than land since 2011 I disagree. Geography dictates land value, but where I am acreage 1-2 hours from a major metro is being bought like crazy for hunting/bugout cabins.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Simple Simon on September 04, 2017, 10:28:15 PM
Quote from: jr on September 04, 2017, 10:25:12 PM
Bitcoins can't be stolen if the robbers don't have the private keys.

People who lost their coins at mtgox didn't have the private keys to their account, the exchange did, so obviously vulnerable to hacking and theft. Bad luck to them for not moving their coins into their own wallet where they have control of the private key.





lol, its not the coins themselves that have value its the peoples belief in the coins, it doesn't matter if the coins themselves don't even exist.

You could replace Bitcoins with Bogies for all the difference it makes.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Vince B on September 04, 2017, 11:41:52 PM
It is a pity that Goodrum posted about bitcoins years ago. Everyone laughed and didn't take that currency seriously.

At the moment there are other crypto-currencies that are profitable. Coin space for example. I know a person who

was into them 2 years ago and now things are different and there is much money to be made. I am still waiting for the

launch. Until that happens it is more or less a scheme that works as long as new investors keep buying.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Matt on September 04, 2017, 11:47:40 PM
Quote from: Vince B on September 04, 2017, 11:41:52 PM
It is a pity that Goodrum posted about bitcoins years ago. Everyone laughed and didn't take that currency seriously.

At the moment there are other crypto-currencies that are profitable. Coin space for example. I know a person who

was into them 2 years ago and now things are different and there is much money to be made. I am still waiting for the

launch. Until that happens it is more or less a scheme that works as long as new investors keep buying.

Goodrum was right, although I don't know if he informed the board how much he invested in Bitcoin.

Food for thought: an investment of $18,000 in Ethereum in July of 2016 is worth a million dollars today.  :o

All last summer I told everyone to invest in Ethereum.  Did anyone listen?  I seem to doubt it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Simple Simon on September 05, 2017, 12:06:11 AM
Quote from: Matt on September 04, 2017, 11:47:40 PM
Goodrum was right, although I don't know if he informed the board how much he invested in Bitcoin.

Food for thought: an investment of $18,000 in Ethereum in July of 2016 is worth a million dollars today.  :o

All last summer I told everyone to invest in Ethereum.  Did anyone listen?  I seem to doubt it.

and how much did you invest and how much is it worth now?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: calfzilla on September 05, 2017, 12:49:44 AM
Quote from: Be There on September 05, 2017, 12:06:11 AM
and how much did you invest and how much is it worth now?

Enough to live life on his own terms  :o
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: MAXX on September 05, 2017, 01:00:18 AM
Bitcoin is high because it's the only alternative currency for black market/tax evasion right now.

Once another(or more)  alternative free currencies becomes viable bitcoin will plunge.

This can happen any time. I'd say sell now...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: muscleman-2017 on September 05, 2017, 01:02:53 AM
Quote from: Be There on September 04, 2017, 10:28:15 PM
lol, its not the coins themselves that have value its the peoples belief in the coins, it doesn't matter if the coins themselves don't even exist.

You could replace Bitcoins with Bogies for all the difference it makes.

you do realize your analogy also applies exactly to USD fiat right.....

in fact btc is more UNIQUE than fiat money, and has a CAP on how much can be produced...  (unlike USD fiat)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Simple Simon on September 05, 2017, 01:26:43 AM
Quote from: muscleman-2017 on September 05, 2017, 01:02:53 AM
you do realize your analogy also applies exactly to USD fiat right.....

in fact btc is more UNIQUE than fiat money, and has a CAP on how much can be produced...  (unlike USD fiat)

yet without USD bitcoin is totally worthless.

Try and put a value on Bitcoin without referring to currency.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Evo on September 05, 2017, 01:39:11 AM
Can bitcoin be cashed out in gold/silver/platinum...

Pure gold no currency?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Simple Simon on September 05, 2017, 01:46:31 AM
Quote from: Evo on September 05, 2017, 01:39:11 AM
Can bitcoin be cashed out in gold/silver/platinum...

Pure gold no currency?

Yes, but currency gives Gold and bitcoin their value and as such currency is the catalyst
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: manuelsonn on September 05, 2017, 02:03:31 AM
 .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: muscleman-2017 on September 05, 2017, 02:27:24 AM
Quote from: Be There on September 05, 2017, 01:46:31 AM
Yes, but currency gives Gold and bitcoin their value and as such currency is the catalyst

Currency DOES NOT give gold it's value.  Currency is simply a way to purchase gold.

Similar with btc.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Evo on September 05, 2017, 02:31:36 AM
Quote from: Be There on September 05, 2017, 01:46:31 AM
Yes, but currency gives Gold and bitcoin their value and as such currency is the catalyst

Gold's value transcends currency.

I mean if it all goes tits up globally, the ones with gold will hold the 'wealth'...

Could bit coins be cashed directly for gold then they are safe? 

If you have to go bitcon >>> currency >>> gold then as a currency is involved it's fragile.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Simple Simon on September 05, 2017, 03:57:03 AM
Quote from: Evo on September 05, 2017, 02:31:36 AM
Gold's value transcends currency.

I mean if it all goes tits up globally, the ones with gold will hold the 'wealth'...

Could bit coins be cashed directly for gold then they are safe? 

If you have to go bitcon >>> currency >>> gold then as a currency is involved it's fragile.

as long as they can convince enough people it has value.

How much do you think Gold will be worth in a post nuclear environment?
Im pretty sure clean water and food will hold far more value.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on September 05, 2017, 04:45:01 AM
Quote from: jr on September 04, 2017, 11:10:53 PM


LUL


That's not me. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on September 05, 2017, 04:51:44 AM
Quote from: SOMEPARTS on September 04, 2017, 07:59:14 PM

I own metals as insurance but again, they are not everything. Silver at $15-17 fine, gold at $1300+ I would not call cheap unless you listen to Peter Schiff everyday. If you think metals going sideways is a better buy than land since 2011 I disagree. Geography dictates land value, but where I am acreage 1-2 hours from a major metro is being bought like crazy for hunting/bugout cabins.

Again, PM's are historically very, very undervalued at current levels.  If you don't think so, fine... buy all the overpriced land you can get.  Good luck to you.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on September 05, 2017, 04:57:53 AM
Quote from: Be There on September 05, 2017, 03:57:03 AM
as long as they can convince enough people it has value.

How much do you think Gold will be worth in a post nuclear environment?
Im pretty sure clean water and food will hold far more value.

The people who are not immediately killed will not live through that anyway. 

Gold has the 5000+ year track record of being a store of value... no digital beanie baby can touch that.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Evo on September 05, 2017, 05:58:25 AM
Quote from: Be There on September 05, 2017, 03:57:03 AM
as long as they can convince enough people it has value.

How much do you think Gold will be worth in a post nuclear environment?
Im pretty sure clean water and food will hold far more value.

I wasnt reffering to nuclear...I meant another financial crash...

I have emergency rations prepared for a natty disaster etc.

I am now diversifying my investments more into precious metals (bullion/coin) as a means of keeping my 'wealth' safeguarded.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Simple Simon on September 05, 2017, 06:12:26 AM
Quote from: Evo on September 05, 2017, 05:58:25 AM
I wasnt reffering to nuclear...I meant another financial crash...

I have emergency rations prepared for a natty disaster etc.

I am now diversifying my investments more into precious metals (bullion/coin) as a means of keeping my 'wealth' safeguarded.

and until the Stockmarket returns to normal and cash again has value you have some useless lumps of metal.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Evo on September 05, 2017, 06:31:43 AM
Quote from: Be There on September 05, 2017, 06:12:26 AM
and until the Stockmarket returns to normal and cash again has value you have some useless lumps of metal.

So gold has only had value since the stock markets opened, didn't know that.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Evo on September 05, 2017, 06:33:50 AM
What were soldiers paid with in days gone by?

What did banks lend against?

What backed currency across the globe?

Oh yeah those worthless lumps of metal... ::) ::) ::)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on September 05, 2017, 06:37:35 AM
Hindsight can make anyone look smart.  Just post about 10 different stocks or currencies that will go up, wait a year and cherry pick the one you were right about and brag about how smart you are.

Bitcoins are popular for a couple reasons.  Weapons and drugs.  With Trump creating such instability in this world, people are hoarding weapons and using drugs to numb themselves.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on September 05, 2017, 07:11:55 AM
Quote from: Be There on September 04, 2017, 12:53:24 AM
Cash, Gold, Bitcoin only have value if people decide it has value.

So , if government fails as the monetary system is fucked, bitcoins value are valued in dollars, without dollars to base it on how much is a bit coin worth.

Its exactly the same with Gold, Gold is valued at $x per ounce, so without the dollar Gold is worth what?
You realize that dollars are a US currency right?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on September 05, 2017, 07:14:02 AM
China have now declared Bitcoins 'illegal'.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on September 05, 2017, 07:35:48 AM
How useful with bitcoins be when there's a nuclear war and electricity is down, cell towers don't work etc...? How are you going to access them to trade?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Simple Simon on September 05, 2017, 08:15:07 AM
Quote from: HTexan on September 05, 2017, 07:11:55 AM
You realize that dollars are a US currency right?

what has that got to do with my point?

All I'm saying is you need a medium of exchange (cash/ currency) for gold to have any value.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Evo on September 05, 2017, 08:20:43 AM
Quote from: Be There on September 05, 2017, 08:15:07 AM
what has that got to do with my point?

All I'm saying is you need a medium of exchange (cash/ currency) for gold to have any value.

Why can't gold have a value?

e.g. for 1 weeks work I would pay you 1g of gold?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: lightweight on September 05, 2017, 08:23:47 AM
Quote from: Evo on September 05, 2017, 08:20:43 AM
Why can't gold have a value?

e.g. for 1 weeks work I would pay you 1g of gold?

$43 a week sign me up
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Evo on September 05, 2017, 08:27:53 AM
Quote from: lightweight on September 05, 2017, 08:23:47 AM
$43 a week sign me up

In a post nuclear, economic graveyard of a planet, $43 a week would make you upper class! :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Simple Simon on September 05, 2017, 10:39:58 AM
Quote from: Evo on September 05, 2017, 08:20:43 AM
Why can't gold have a value?

e.g. for 1 weeks work I would pay you 1g of gold?

great , now, how do your pay your bill at the store, shaving a bit off?

also bear in mind the total Gold ever mined in history amounts to 5 Gold rings each per person on the planet.

You still think Gold is a valid form of currency?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on September 05, 2017, 11:36:27 AM
Quote from: Be There on September 05, 2017, 08:15:07 AM
what has that got to do with my point?

All I'm saying is you need a medium of exchange (cash/ currency) for gold to have any value.
Please Reread post. Hope this helps!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on September 05, 2017, 08:03:29 PM
Quote from: El Diablo Blanco on September 05, 2017, 06:37:35 AM
Hindsight can make anyone look smart.  Just post about 10 different stocks or currencies that will go up, wait a year and cherry pick the one you were right about and brag about how smart you are.

Bitcoins are popular for a couple reasons.  Weapons and drugs.  With Trump creating such instability in this world, people are hoarding weapons and using drugs to numb themselves.


Trump derangement syndrome is real!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on September 06, 2017, 07:08:45 AM
Quote from: Griffith on September 05, 2017, 07:14:02 AM
China have now declared Bitcoins 'illegal'.

Wrong. They have declared icos illegal. Bitcoins are not icos and are being heavily mined and invested in by china.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Evo on September 06, 2017, 08:48:44 AM
Quote from: Be There on September 05, 2017, 10:39:58 AM
great , now, how do your pay your bill at the store, shaving a bit off?

also bear in mind the total Gold ever mined in history amounts to 5 Gold rings each per person on the planet.

You still think Gold is a valid form of currency?

Fair comment re the shaving a bit off.......But I've gathered a few coins of various sizes/values lol :D

Seriously though...


I'll stick with my investments in precious metals...it has served financiers well in the past...safer than stocks and shares...


For instance my platinum reserve's value is on the whole increasing now.... when/if the Au:Pt ratio corrects it's self I'll have a tidy little profit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on September 06, 2017, 01:07:12 PM
Quote from: jr on September 06, 2017, 01:01:56 PM
(https://image.ibb.co/mj7Sda/schiff.jpg)


:o :o

I wonder how much bitcoin he has secretly accumulated over the years.



For every article for Bitcoins you can find 2 against.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Simple Simon on September 06, 2017, 01:23:21 PM
Quote from: Evo on September 06, 2017, 08:48:44 AM
Fair comment re the shaving a bit off.......But I've gathered a few coins of various sizes/values lol :D

Seriously though...


I'll stick with my investments in precious metals...it has served financiers well in the past...safer than stocks and shares...


For instance my platinum reserve's value is on the whole increasing now.... when/if the Au:Pt ratio corrects it's self I'll have a tidy little profit.

but you still have to exchange it for cash for it to have any value.

Thats my point...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on September 06, 2017, 02:38:54 PM
Quote from: jr on September 06, 2017, 01:01:56 PM
(https://image.ibb.co/mj7Sda/schiff.jpg)


:o :o

I wonder how much bitcoin he has secretly accumulated over the years.




When he either accumulated enough to sell, or is getting paid to push them. I mentioned him in an earlier post. I don't dislike him, but he sells his book(figuratively) to anyone who will listen.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on September 06, 2017, 03:00:06 PM
Quote from: SOMEPARTS on September 06, 2017, 02:38:54 PM

When he either accumulated enough to sell, or is getting paid to push them. I mentioned him in an earlier post. I don't dislike him, but he sells his book(figuratively) to anyone who will listen.

Schiff was right about the dot.com bubble and the housing bubble (while everyone on MSM laughed and made fun of him).  He his usually very early with his predictions, but his fundamental analysis is spot on.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on September 06, 2017, 04:26:58 PM
Quote from: Be There on September 06, 2017, 01:23:21 PM
but you still have to exchange it for cash for it to have any value.

Thats my point...

Not correct. You can exchange it directly for goods or services. It functions as a replacement for cash.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on September 06, 2017, 05:59:56 PM
Quote from: gib on September 06, 2017, 04:26:58 PM
Not correct. You can exchange it directly for goods or services. It functions as a replacement for cash.

Yes, on steroid sites or underground weapons and drug sites, maybe hire a hitman?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Shizzo on September 06, 2017, 06:04:59 PM
Quote from: El Diablo Blanco on September 06, 2017, 05:59:56 PM
Yes, on steroid sites or underground weapons and drug sites, maybe hire a hitman?
That would be hilarious. Government agencies create Bitcoin. The Government tracks all Bitcoin transactions. The Government eventually tracks down illegal purchases (cause they created the infrastructure) and seizes all of the Bitcoins/money from those illegal sales. Government makes money.

Morons.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Simple Simon on September 06, 2017, 10:05:56 PM
Quote from: gib on September 06, 2017, 04:26:58 PM
Not correct. You can exchange it directly for goods or services. It functions as a replacement for cash.

no, retail stores want cash or credit transactions in currency, go and try and buy a snickers with bitcoin...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Evo on September 07, 2017, 05:46:04 AM
Quote from: Be There on September 06, 2017, 01:23:21 PM
but you still have to exchange it for cash for it to have any value.

Thats my point...

So without money nothing holds any value?

Everything was worthless until we pinned monetary values to it all?



In your opinion, what is worth investing in? 

How would you hold onto your wealth in a disaster?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Simple Simon on September 07, 2017, 06:35:22 AM
Quote from: Evo on September 07, 2017, 05:46:04 AM
So without money nothing holds any value?

Everything was worthless until we pinned monetary values to it all?



In your opinion, what is worth investing in? 

How would you hold onto your wealth in a disaster?



Everything we use in order to retain wealth has to be ultimately exchanged for a monetary figure in currency

I fail to see why you keep missing this obvious point.

try and put a value on something without using a monetary term,
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Marty Champions on September 07, 2017, 06:46:24 AM
every medium of trrade will be taxed so a retail store cant accept bitcoin without federal tax legally , this is getting paid under the table and wont happen at a store

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on September 07, 2017, 06:55:11 AM
Quote from: Evo on September 07, 2017, 05:46:04 AM
So without money nothing holds any value?

Everything was worthless until we pinned monetary values to it all?



In your opinion, what is worth investing in? 

How would you hold onto your wealth in a disaster?




Think about this.  A bitcoin is worth $5000 dollars right?  People saying the dollar is dying.  So if the dollar dies then what is a bitcoin worth?  0$?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Marty Champions on September 07, 2017, 07:02:01 AM
Quote from: El Diablo Blanco on September 07, 2017, 06:55:11 AM

Think about this.  A bitcoin is worth $5000 dollars right?  People saying the dollar is dying.  So if the dollar dies then what is a bitcoin worth?  0$?
its worth what people will give u for it duuuh

people will be stuck with bitcoin. u may get a person here or there selling a car or buisness with bitcoin , but it will be considered taxable income , theres no secretly exchanging assets...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on September 07, 2017, 07:24:13 AM
Quote from: Marty Champions on September 07, 2017, 07:02:01 AM
its worth what people will give u for it duuuh

people will be stuck with bitcoin. u may get a person here or there selling a car or buisness with bitcoin , but it will be considered taxable income , theres no secretly exchanging assets...

Exactly, it's worth what someone will give you.  I laugh at the arguments claiming it's work X dollars yet they make the same claim the dollar is worthless and dying.  So that means the following in Falconeconomics

1 Bitcoin = $5000
$5000 = worthless shit paper
1Bitcoin = worthless shit paper
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Simple Simon on September 07, 2017, 07:41:09 AM
Quote from: El Diablo Blanco on September 07, 2017, 07:24:13 AM
Exactly, it's worth what someone will give you.  I laugh at the arguments claiming it's work X dollars yet they make the same claim the dollar is worthless and dying.  So that means the following in Falconeconomics

1 Bitcoin = $5000
$5000 = worthless shit paper
1Bitcoin = worthless shit paper

anything can be used as a medium of exchange as long as people have a belief in its value.

Money just replaces the barter system.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Marty Champions on September 07, 2017, 07:54:18 AM
people can make bitcoin 1million dollars a coin, however 99 percent of people who have a million dollar asset will not exchange for the bit coin
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on September 07, 2017, 08:23:06 AM
Wish I knew hookers who took bitcoin.  Buying it at $400 and being worth $5K means a lot of free whores.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Evo on September 07, 2017, 08:45:47 AM
Quote from: Be There on September 07, 2017, 07:41:09 AM
anything can be used as a medium of exchange as long as people have a belief in its value.

Money just replaces the barter system.

So something can have value without resorting to monetary terms?

Ergo rendering your pervious post moot.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Simple Simon on September 07, 2017, 10:58:03 AM
Quote from: Evo on September 07, 2017, 08:45:47 AM
So something can have value without resorting to monetary terms?

Ergo rendering your pervious post moot.

we can use bitcoins if everyone agrees they are valuable, unfortunately bit coins are worth $5000 each to some people and fuck all to others, a dollar is a dollar to everyone.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on September 07, 2017, 05:22:53 PM
Quote from: Be There on September 07, 2017, 07:41:09 AM
anything can be used as a medium of exchange as long as people have a belief in its value.

Money just replaces the barter system.

True, but a big part of it is getting the timing right... and the time for precious metals is NOW.

The US dollar loses value with time.  IMO, it's quickly on it's way to being worthless.  All fiat currencies fail eventually and the USD's failure is long overdue.  Government and the Fed reserve are robbing people blind, albeit in a very stealthily manner over years and years.

Gold and silver (a historical storage of wealth, value and it maintains your purchasing power) is very, very undervalued (priced in dollars) at this point in time.

It's a no brainer... gold and silver (especially) are THE asset to be holding at this point in time.  There is no other place to go right now... every other asset class is huge bubbles waiting to pop.  

Precious metals are a long term play, NOT a get rich quick plan/scam.  When silver eventually passes $50, then $100, then $200, then $500, people here are going to be shocked.  Those who do not have any will be kicking themselves.  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Marty Champions on September 07, 2017, 05:55:03 PM
Quote from: Mr Anabolic on September 07, 2017, 05:22:53 PM
True, but a big part of it is getting the timing right... and the time for precious metals is NOW.

The US dollar loses value with time.  IMO, it's quickly on it's way to being worthless.  All fiat currencies fail eventually and the USD's failure is long overdue.  Government and the Fed reserve are robbing people blind, albeit in a very stealthily manner over years and years.

Gold and silver (a historical storage of wealth, value and it maintains your purchasing power) is very, very undervalued (priced in dollars) at this point in time.

It's a no brainer... gold and silver (especially) are THE asset to be holding at this point in time.  There is no other place to go right now... every other asset class is huge bubbles waiting to pop.  

Precious metals are a long term play, NOT a get rich quick plan/scam.  When silver eventually passes $50, then $100, then $200, then $500, people here are going to be shocked.  Those who do not have any will be kicking themselves.  
gold hell no

silver slim chance
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on September 07, 2017, 06:47:17 PM
Quote from: Mr Anabolic on September 07, 2017, 05:22:53 PM
True, but a big part of it is getting the timing right... and the time for precious metals is NOW.

The US dollar loses value with time.  IMO, it's quickly on it's way to being worthless.  All fiat currencies fail eventually and the USD's failure is long overdue.  Government and the Fed reserve are robbing people blind, albeit in a very stealthily manner over years and years.

Gold and silver (a historical storage of wealth, value and it maintains your purchasing power) is very, very undervalued (priced in dollars) at this point in time.

It's a no brainer... gold and silver (especially) are THE asset to be holding at this point in time.  There is no other place to go right now... every other asset class is huge bubbles waiting to pop.  

Precious metals are a long term play, NOT a get rich quick plan/scam.  When silver eventually passes $50, then $100, then $200, then $500, people here are going to be shocked.  Those who do not have any will be kicking themselves.  



If silver goes to $500 then hyperinflation is fully in play. There will be unprecedented social unrest within a day or two walking distance of any metro locale for a looooong time. At that point you'd be better off with acreage with a pole building full of liquor, canned food and tobacco(and firearms). People are going to be worried about feeding themselves and looting, not kicking themselves over coins. You've been in the city lately right? Metals are insurance, the 10x gains you note as fact are as speculative as crypto. Ten percent of your net worth in them is fine but dumping all your capital into a manipulated asset is no better than the BTC story to me. Sitting around thinking how far ahead you are lording over everyone someday because you have some metals is short sighted. Again, I went through the Mike Maloneys and Peter Schiffs already in the mid 2000s and I don't discount them completely - but they sell what they talk about.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Marty Champions on September 07, 2017, 07:01:30 PM
food feul and fucking
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on September 08, 2017, 05:26:13 AM
Quote from: SOMEPARTS on September 07, 2017, 06:47:17 PM


If silver goes to $500 then hyperinflation is fully in play. There will be unprecedented social unrest within a day or two walking distance of any metro locale for a looooong time. At that point you'd be better off with acreage with a pole building full of liquor, canned food and tobacco(and firearms). People are going to be worried about feeding themselves and looting, not kicking themselves over coins. You've been in the city lately right? Metals are insurance, the 10x gains you note as fact are as speculative as crypto. Ten percent of your net worth in them is fine but dumping all your capital into a manipulated asset is no better than the BTC story to me. Sitting around thinking how far ahead you are lording over everyone someday because you have some metals is short sighted. Again, I went through the Mike Maloneys and Peter Schiffs already in the mid 2000s and I don't discount them completely - but they sell what they talk about.

Yes... water, food, guns, ammo, liquor, etc. will all be very valuable after a collapse.  Ammo would be worth more than gold in a Mad-Max scenario. 

I have no wish to "lord over" anyone, I just want to protect the last 35 years of my labor.  To preserve wealth and purchasing power, G&S are the only option.  To say precious metals are no better than BTC is ludicrous.  Bitcoin is speculative digital electrons in cyberspace, but G&S are real assets with a 5000+ year track record.  Yes, the prices are manipulated (held down), but the manipulation won't last forever.  Maloney and Schiff were recommending G&S long before they started selling it.

As I have said already, asset prices rise and fall in cycles.  Everything is at the top of it's cycle except for G&S. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Marty Champions on September 08, 2017, 06:16:14 AM
housing in higher n higher demand
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on September 08, 2017, 08:29:59 AM
Quote from: Marty Champions on September 08, 2017, 06:16:14 AM
housing in higher n higher demand

Current housing prices are very overvalued and not sustainable.  Most major cities are in bubbles.  Hasn't popped yet, but the air is definitely starting to coming out.   
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on September 08, 2017, 08:40:21 AM
Quote from: Mr Anabolic on September 08, 2017, 05:26:13 AM
Yes... water, food, guns, ammo, liquor, etc. will all be very valuable after a collapse.  Ammo would be worth more than gold in a Mad-Max scenario. 

I have no wish to "lord over" anyone, I just want to protect the last 35 years of my labor.  To preserve wealth and purchasing power, G&S are the only option.  To say precious metals are no better than BTC is ludicrous.  Bitcoin is speculative digital electrons in cyberspace, but G&S are real assets with a 5000+ year track record.  Yes, the prices are manipulated (held down), but the manipulation won't last forever.  Maloney and Schiff were recommending G&S long before they started selling it.

As I have said already, asset prices rise and fall in cycles.  Everything is at the top of it's cycle except for G&S. 


I never said BTC is on par with metals, just making the point that saying it's going to $500 is similar to people saying BTC is going to 1 million per coin. It's not based in fact at this point....highly speculative feel good stuff to say. The truth is we don't know if everything is at the top of a cycle because the numbers aren't real. For all the doom talk out there -they can keep inflating as long or longer than a normal person can remain solvent. Look at Japan in the last 20 years. That zombie just continues on in stagflation.

BTC down about $235 today on China crack downs. The exchanges are the weak link in crypto. At some point people who hold it will be begging for centralized exchange and oversight to get their money, mark my words.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on September 08, 2017, 09:21:01 AM
doesn't bitcoin depend on the internet and computers to transfer and use?  Do you really think that if a nuclear war hits and EMPs are used that you'll still have your phone or PC to transfer and use them?  All digital currency will be useless.  Those bitcoins will only be useful for other people that use bitcoins.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Disgusted on September 08, 2017, 12:44:56 PM
Quote from: El Diablo Blanco on September 08, 2017, 09:21:01 AM
doesn't bitcoin depend on the internet and computers to transfer and use?  Do you really think that if a nuclear war hits and EMPs are used that you'll still have your phone or PC to transfer and use them?  All digital currency will be useless.  Those bitcoins will only be useful for other people that use bitcoins.

Bitcoins will be the last thing people will worry about if an EPM hits. Nothing will work. Food and water will be the first thing people will need and then shelter. Of course most Getbiggers will have an underground mansion stocked with everything needed plus an assortment of random whores to keep them busy.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Shizzo on September 08, 2017, 03:02:21 PM
Water, food, and bullets. That appears to be the currency of the future.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: sync pulse on September 09, 2017, 03:02:48 AM
Quote from: Mr Anabolic on September 07, 2017, 05:22:53 PM

Precious metals are a long term play, NOT a get rich quick plan/scam.  When silver eventually passes $50, then $100, then $200, then $500, people here are going to be shocked.  Those who do not have any will be kicking themselves.  


The people who make money from precious metals make it from "leveraged commodity futures trading"...not physical possesion of the commodity...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on September 09, 2017, 06:22:04 AM
Quote from: sync pulse on September 09, 2017, 03:02:48 AM

The people who make money from precious metals make it from "leveraged commodity futures trading"...not physical possesion of the commodity...

I used to trade myself and I was pretty decent at it.  I made more money than I lost, which is the whole key to successful trading.  Leverage is great when you're on the correct side of the trade, but when you not... yikes.  I know people who got totally wiped out during the day-trading mania of the late 90's.

Regarding physical vs paper gold, the only thing I have to say is... if you don't have it, you don't own it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on September 14, 2017, 10:38:13 AM
Bump for the $600 drop on one China story.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Disgusted on September 14, 2017, 12:07:06 PM
Down to $3,425.00 down $1,277.81 since last week.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Simple Simon on September 14, 2017, 12:08:40 PM
Quote from: Disgusted on September 14, 2017, 12:07:06 PM
Down to $3,425.00 down $1,277.81 since last week.

Getbiggers influence the value of bitcoins.....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Disgusted on September 14, 2017, 12:12:16 PM
Quote from: Be There on September 14, 2017, 12:08:40 PM
Getbiggers influence the value of bitcoins.....

I know I'm not the only one to say this but a few years ago I tried to buy a couple thousand bitcoins but couldn't  figure out how to do it.  :'(
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on September 14, 2017, 01:24:43 PM
North Korea is buying a shitload.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dave D on September 14, 2017, 01:30:27 PM
Quote from: Disgusted on September 14, 2017, 12:12:16 PM
I know I'm not the only one to say this but a few years ago I tried to buy a couple thousand bitcoins but couldn't  figure out how to do it.  :'(

Lol

X2

I tried to pay for my groceries and apparently whole foods doesn't accept bitcoins.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Nails on September 14, 2017, 01:34:54 PM
I remember Goodrum saying he had 20 computers in his house running 24 hours a day mining for bitcoins



(https://s3.amazonaws.com/lowres.cartoonstock.com/technology-cryptocurrency-bitcoin-miner-mining-mines-llan1081_low.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on September 14, 2017, 02:42:11 PM
Don't people realize that the exchanges that allow you to buy and sell bitcoin are operated by the shadiest fucks in the world?  Do you honestly think they'll cash you out at millions if you had it?  Do you even think they have millions to give you if you wanted to cash out?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on September 14, 2017, 03:23:15 PM
Quote from: El Diablo Blanco on September 14, 2017, 02:42:11 PM
Don't people realize that the exchanges that allow you to buy and sell bitcoin are operated by the shadiest fucks in the world?  Do you honestly think they'll cash you out at millions if you had it?  Do you even think they have millions to give you if you wanted to cash out?

It's a Ponzi scheme, a tulip bulb and a Beanie Baby all in one package.  The two most powerful emotions are greed and fear.  The greed phase is winding down.  Very soon, many bitcoin devotees are going experience fear first hand... they'll all want out at the same time... like a fire in a movie theater.  Most will perish (i.e. lose a majority of their money).  The last ones in on the Ponzi scheme always lose the most.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Nails on September 14, 2017, 03:41:03 PM
Johnny come lately buys high, prices fall, loses hundreds or thousands sells sells sells someone just made a nice profit to score some more illegal shit off the deep web.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on September 14, 2017, 07:03:54 PM
Quote from: Disgusted on September 14, 2017, 12:12:16 PM
I know I'm not the only one to say this but a few years ago I tried to buy a couple thousand bitcoins but couldn't  figure out how to do it.  :'(
Very very easy to buy, harder to find places to spend.
1.) Google bitcoin ATM in your area. Be careful though, some are in shady parts of town. Where people buy that don't want to be on camera.
2.) I recommend downloading coinbase on your phone and buying that way. Easy and you can monitor pricing. 
But don't keep on there, if you are going to buy any real amount, invest in a hardware wallet. I like keepkey but there are many on the market.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: foreleft on September 14, 2017, 07:22:17 PM
what is BCH? Calvin Ayre keeps talking about bch exploding and bitcoin going extinct
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on September 14, 2017, 09:06:09 PM
Quote from: foreleft on September 14, 2017, 07:22:17 PM
what is BCH? Calvin Ayre keeps talking about bch exploding and bitcoin going extinct

Bch is an offshoot or Bit Coin. Called bit coin cash. I would suggest buying bit coin only.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on September 15, 2017, 01:37:28 AM
Quote from: gib on September 14, 2017, 09:06:09 PM
Bch is an offshoot or Bit Coin. Called bit coin cash. I would suggest buying bit coin only.


See, one of the great things about Bitcoin is they'll never make more of it....until they do.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on September 15, 2017, 07:31:39 AM
Quote from: jr on September 14, 2017, 04:26:59 PM
Why would the exchange need millions of their own money? They just move money from the buyers account into the sellers account and take a small commission. That's why they are called "exchanges".

People have been cashing out millions for years now. If they couldn't it would be all over the news.

They were on the news like Mt Gox that fucked over a lot of people.  These exchanges are built on quicksand.  No guarantee that they won't fold shop and leave.  They're unregulated as well.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on September 19, 2017, 10:20:06 AM
Quote from: gib on September 14, 2017, 09:06:09 PM
Bch is an offshoot or Bit Coin. Called bit coin cash. I would suggest buying bit coin only.
idk, ether is a good investment right now if you're into mining. But yes only buy bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: manuelsonn on September 19, 2017, 12:45:07 PM
You know is a tarp when phil hernon is in it (wtf is he, a bodyguard for mining pc s??)http://www.youtube.com/watch?v=BD7mwx5lrJk
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Powerlift66 on September 19, 2017, 12:56:06 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Nails on September 19, 2017, 02:49:07 PM
Looks like a factory running up fake credit card scams
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: sancho ed on September 20, 2017, 10:24:28 PM
Dont knw if this is old news or not, but does anyone have any info iota cryptocurrency? If legit, where would u invest into it?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Kwon on September 20, 2017, 10:44:51 PM
Quote from: sancho ed on September 20, 2017, 10:24:28 PM
Dont knw if this is old news or not, but does anyone have any info iota cryptocurrency? If legit, where would u invest into it?

Melvin Goodrum is our resident Bitcoin-expert on the boards.

He has been mining bitcoins for years, send him a message. (He also has a youtube-channel these days where he talks about bitcoins and other things)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on September 20, 2017, 11:49:50 PM
Quote from: sancho ed on September 20, 2017, 10:24:28 PM
Dont knw if this is old news or not, but does anyone have any info iota cryptocurrency? If legit, where would u invest into it?



How fake is IOTA? Is it more fake than Bitcoin? Then it should be YUUUUGE.















There are a million other cryptos. None have intrinsic value.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on September 21, 2017, 06:32:24 AM
Creating and making money out of thin air, amazing!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on September 21, 2017, 07:42:59 AM
Quote from: Griffith on September 21, 2017, 06:32:24 AM
Creating and making money out of thin air, amazing!

It's about the block chain man, the mutherfucking block chain!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IronMagazine.com on September 21, 2017, 10:37:39 AM
Quote from: Mr Anabolic on September 14, 2017, 03:23:15 PM
It's a Ponzi scheme, a tulip bulb and a Beanie Baby all in one package.  The two most powerful emotions are greed and fear.  The greed phase is winding down.  Very soon, many bitcoin devotees are going experience fear first hand... they'll all want out at the same time... like a fire in a movie theater.  Most will perish (i.e. lose a majority of their money).  The last ones in on the Ponzi scheme always lose the most.

LOL you should educate yourself before posting such non-sense.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on September 21, 2017, 11:05:15 AM
Quote from: IronMagazine.com on September 21, 2017, 10:37:39 AM
LOL you should educate yourself before posting such non-sense.


You are seemingly a publisher, but put a hyphen in the word "nonsense" - so I'm just going to assume it was sarcasm.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on September 21, 2017, 11:08:05 AM
Bitcoin is a big Israeli money laundering scheme.  When bitcoin started it was a bunch of Jews pushing it in NYC.  A bunch got busted for shady shit.  Then Mt Gox which is bullshit hack but was a group that bought it from a guy to rob a bunch of people. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Shizzo on September 21, 2017, 03:34:42 PM
Quote from: a_pupil on September 21, 2017, 12:58:51 PM
ron needs to start the getbigcoin.

i'm waiting for my ethereum to hit £300 again and selling everything up. I was pretty pissed I didn't sell them a few weeks ago when it hit that mark and then crashed by £150.


It would be just as relevant, if he knew the right people. It is nothing more then the stock market or gambling.

The powers that be, are just making shit up, and laughing all the way to the bank.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on September 30, 2017, 05:00:29 AM
Picking back up boys. The big banks will soon be buying in. Wait and see. 10,000 usd per coin end of year quite likely.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on September 30, 2017, 08:22:39 AM
Quote from: a_pupil on September 21, 2017, 12:58:51 PM
ron needs to start the getbigcoin.

i'm waiting for my ethereum to hit £300 again and selling everything up. I was pretty pissed I didn't sell them a few weeks ago when it hit that mark and then crashed by £150.



You need to set incremental goals. Sell a certain amount at 200, 225, 250, 275 and 300.  If you wait for 300 that day may never come but at least sell for a good profit and if it crashes again pick up more on the cheap.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on September 30, 2017, 08:41:36 AM
Quote from: gib on September 30, 2017, 05:00:29 AM
Picking back up boys. The big banks will soon be buying in. Wait and see. 10,000 usd per coin end of year quite likely.

Pure speculation really.  A 50-70% crash in price could happen just as easy and even faster.

The higher the price rises unabated, the more I believe the CIA/government/bankers created this digital vaporware.  TPTB could easily make bitcoin illegal will the stroke of a pen, but they don't... hmmmm.  

Cryptos are also distracting people away from hard, physical assets (i.e. precious metals).  JP Morgan has amassed almost 200 tons of physical silver over the past 5 years.  That in itself speaks volumes.  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on September 30, 2017, 04:52:15 PM
Holding USD, or any other currency is also "pure speculation" too. You realise that right? Now let me ask you, which currency is going to be devalued by more and more printing? And which currency is mathematically absolutely limited. And in terms of existing % holdings are people overall likely to be increasing their % of USD compared to their bitcoins, or decreasing it?

All the major investment banks are setting up "crypto divisions" as they are getting more and more clients asking about it. And all are putting clients into bitcoins "at very small amounts of total holdings".

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 13, 2017, 06:18:27 AM
And boom we went right through the 5000 barrier now at around usd 5600 per coin. And Goodrim one of the richest getbiggers around and many of us can also thank him for our own Bitcoin riches.

I'm predicting usd 10,000 per coin by end of year and with a possibility 100k per coin end of 2021.

Very soon you will see Goldman Sachs reccomending to their clients. But first they and other insiders will be buying up first ...

Any getbiggers who want to make big money you have been advised ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on October 13, 2017, 06:58:37 AM
Quote from: gib on October 13, 2017, 06:18:27 AM
And boom we went right through the 5000 barrier now at around usd 5600 per coin. And Goodrim one of the richest getbiggers around and many of us can also thank him for our own Bitcoin riches.

I'm predicting usd 10,000 per coin by end of year and 100k per coin end of 2020.

Very soon you will see Goldman Sachs reccomending to their clients. But first they and other insiders will be buying up first ...

Any getbiggers who want to make big money you have been advised ...

Kudos to those that bought this in the hundreds but buying now is not worth it and is too risky.  Wish I bought some when it was a lot cheaper.  Oh well.  Another failed investment that I never got into.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on October 13, 2017, 07:00:04 AM
Quote from: gib on October 13, 2017, 06:18:27 AM
And boom we went right through the 5000 barrier now at around usd 5600 per coin. And Goodrim one of the richest getbiggers around and many of us can also thank him for our own Bitcoin riches.

I'm predicting usd 10,000 per coin by end of year and 100k per coin end of 2020.

Very soon you will see Goldman Sachs reccomending to their clients. But first they and other insiders will be buying up first ...

Any getbiggers who want to make big money you have been advised ...

Bad advice.  You don't buy something when it keeps making new highs. That's how pigs get slaughtered.  

$100K huh?  Pie in the sky.  So how many digital vaporware coins do you have?... did you take any profits at all?

Goldman Sachs are evil bankers who constantly lie.  The stock market is completely fake.  People don't seem to care about integrity or honesty as long as they are making money and riding the coat tails of these banksters.  The regulators don't do anything about it because they are all in cahoots together.

Doesn't matter what $ price they reach, cryptos are a Ponzi tulip bulb mania.  When btc finally does crash, you will stop pumping them and disappear from this forum.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on October 13, 2017, 07:20:51 AM
Quote from: Mr Anabolic on October 13, 2017, 07:00:04 AM
Bad advice.  You don't buy something when it keeps making new highs. That's how pigs get slaughtered. 

$100K huh?  Pie in the sky.  So how many digital vaporware coins do you have?... did you take any profits at all?

Goldman Sachs are evil bankers who constantly lie.  The stock market is completely fake.  People don't seem to care about integrity or honesty as long as they are making money and riding the coat tails of these banksters.  The regulators don't do anything about it because they are all in cahoots together.

Doesn't matter what $ price they reach, cryptos are a Ponzi tulip bulb mania.  When btc finally does crash, you will stop pumping them and disappear from this forum.


Goldman and the such will buy quietly.  They'll bash bitcoin to keep the price low so they can accumulate a huge amount.  It's anonymous right?  So no one will know.  Then all of a sudden they'll set hysteria around it and promote it to drive up the price then dump all their coins and make a hefty return.

Sheep don't realize this but Goldman Sachs is solely responsible for oil prices being this high.  Oil was trading low and getting gas was in the $1.50 range per gallon.  The whole housing fiasco happened and the gov forced all banks to take TARP money.  Thing is GS didn't need it.  They took in about $7 billion.  dumped it into oil.  The price of oil doubled, goldman doubled their money and paid back the $7 billion in a couple weeks.  After that oil stayed high and never came down much.  Now we'are all paying $3 a gallon because of them, well mostly because of the fucking gov, but also because of them.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on October 13, 2017, 07:24:45 AM
Quote from: gib on September 30, 2017, 04:52:15 PM
Holding USD, or any other currency is also "pure speculation" too. You realise that right? Now let me ask you, which currency is going to be devalued by more and more printing? And which currency is mathematically absolutely limited. And in terms of existing % holdings are people overall likely to be increasing their % of USD compared to their bitcoins, or decreasing it?

All the major investment banks are setting up "crypto divisions" as they are getting more and more clients asking about it. And all are putting clients into bitcoins "at very small amounts of total holdings".



from what does the value of this currency derive from , what is backing it up ?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on October 13, 2017, 07:43:03 AM
Quote from: El Diablo Blanco on October 13, 2017, 07:20:51 AM
Goldman and the such will buy quietly.  They'll bash bitcoin to keep the price low so they can accumulate a huge amount.  It's anonymous right?  So no one will know.  Then all of a sudden they'll set hysteria around it and promote it to drive up the price then dump all their coins and make a hefty return.

Sheep don't realize this but Goldman Sachs is solely responsible for oil prices being this high.  Oil was trading low and getting gas was in the $1.50 range per gallon.  The whole housing fiasco happened and the gov forced all banks to take TARP money.  Thing is GS didn't need it.  They took in about $7 billion.  dumped it into oil.  The price of oil doubled, goldman doubled their money and paid back the $7 billion in a couple weeks.  After that oil stayed high and never came down much.  Now we'are all paying $3 a gallon because of them, well mostly because of the fucking gov, but also because of them.

The central banks control everything.  The entire government and financial system is corrupt.  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on October 13, 2017, 07:47:44 AM
Quote from: DooM_ on October 13, 2017, 07:24:45 AM
from what does the value of this currency derive from , what is backing it up ?

The factor that makes bitcoin valuable is the block chain.  The ability to buy and sell anonymously.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on October 13, 2017, 07:53:02 AM
Quote from: El Diablo Blanco on October 13, 2017, 06:58:37 AM
Kudos to those that bought this in the hundreds but buying now is not worth it and is too risky.  Wish I bought some when it was a lot cheaper.  Oh well.  Another failed investment that I never got into.

You can buy silver now (at that these incredibly ridiculously low prices).  

If you hold and sit tight, you will eventually be right.  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 13, 2017, 08:21:49 AM
Mr Anabolic - you strike me as a guy who is more financially sophisticated than most guys here. You have enough knowledge not to lose money, which is a vital skill. But I really feel you are not connected either with the top level bankers who have huge influence nor the tech geeks who are religious about blockchain. I can tell you I am an extremely value focused and highly successful investor. I would never buy gold and I was originally very skeptical about bit coins in the early days. This is a bubble which will keep on growing for the next few decades. Mark my words every single person who owns even a single bit coin could well be a millionaire in less than 10 years from now. Only 21 million will ever exist. Untraceable and portable and divisible without barriers, taxes or government control. It's the future man. Buy even just one coin as a hedge against what may happen. It's still very early days ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on October 13, 2017, 05:00:11 PM
Quote from: gib on October 13, 2017, 08:21:49 AM
Mr Anabolic - you strike me as a guy who is more financially sophisticated than most guys here. You have enough knowledge not to lose money, which is a vital skill. But I really feel you are not connected either with the top level bankers who have huge influence nor the tech geeks who are religious about blockchain. I can tell you I am an extremely value focussed and highly successful investor. I would never buy gold and I was originally very skeptical about bit coins in the early days. This is a bubble which will keep on growing for the next few decades. Mark my words every single person who owns even a single bit coin now will be a millionaire in less than 10 years from now. Only 24 million will ever exist. Untraceable and portable and divisible without barriers, taxes or government control. It's the future man. Buy even just one coin as a hedge against what may happen. It's still very early days ...

Thanks for the compliment.  You may eventually be right someday, but still... no thanks.  If you have ever held $20-30K in gold coins in your hand before (all that fits into just one hand), you would never want your wealth/labor stored in bitcoins or any other crypto currency.  Heck, I don't even have a 401k or retirement account because I don't trust the US government and the US financial system.  

BTW, cryptos are not untraceable.  IRS will be on top of all proceeds/profits when the bitcoin millionaires finally do cash in (it happened to one of my friends already).  You have to covert it back into fiat dollars at some point... that leaves a paper trail.  

I still believe bitcoin is a beta test for an all digital currency.  If physical cash is abolished, anonymity of financial transactions is gone forever.  That is something NO ONE should want... not even hardcore bitcoin/crypto devotees.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: The Keto Kid on October 13, 2017, 05:03:47 PM
Bitcoin is the shit, I invested 5k in bitcoin and in the last month it has increased 44% I've almost doubled my money, ridiculous!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on October 13, 2017, 05:13:13 PM
Quote from: The Keto Kid on October 13, 2017, 05:03:47 PM
Bitcoin is the shit, I invested 5k in bitcoin and in the last month it has increased 44% I've almost doubled my money, ridiculous!

Good for you.  Be careful though, the hype and parabola will not last forever.  Any asset/investment that goes parabolic usually comes down 2-3x as fast.  When everyone runs for the exit door at the same time, the exchanges will most likely be overwhelmed.  It might take days to sell.  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on October 13, 2017, 08:50:05 PM
Quote from: El Diablo Blanco on October 13, 2017, 07:47:44 AM
The factor that makes bitcoin valuable is the block chain.  The ability to buy and sell anonymously.


Nope.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 14, 2017, 01:38:17 AM
Agreed. It's not the blockchain which makes the bit coin valuable. Indeed if that was the case any crypto would be valuable. What makes it valuable is that it is increasingly becoming the single most trusted and desired blockchain based crypto currency. It's very important these concepts are not confused.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Shizzo on October 14, 2017, 05:22:22 AM
Quote from: gib on October 14, 2017, 01:38:17 AM
Agreed. It's not the blockchain which makes the bit coin valuable. Indeed if that was the case any crypto would be valuable. What makes it valuable is that it is increasingly becoming the single most trusted and desired blockchain based crypto currency. It's very important these concepts are not confused.
Beenie Babies and Pogs were valuable at one time too.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on October 14, 2017, 07:10:23 AM
Quote from: The Keto Kid on October 13, 2017, 05:03:47 PM
Bitcoin is the shit, I invested 5k in bitcoin and in the last month it has increased 44% I've almost doubled my money, ridiculous!
Yup I got in early and cash out most of my investment recently. I made a nice profit.
I still have a little in bitcoins, litecoins, and ether.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on October 14, 2017, 08:00:50 AM
Bitcoin is like the stock market on steroids. 20 - 30% drops in bitcoin's price are frequently happening.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on October 14, 2017, 09:29:43 AM
Wish I got in at $300.  Lots of steroid sites take bitcoin. Would be nice to get $5k in hgh for $300
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on October 14, 2017, 09:40:40 AM
Obviously new money is pouring in cryptos for now but the real question is will it be permitted to continue?

If so then you can just assume the banks will benefit from it...possibly by wiping out old debt in exchange fuckery to pivot out of the dollar and into a world money.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on October 14, 2017, 12:00:05 PM
Quote from: El Diablo Blanco on October 14, 2017, 09:29:43 AM
Wish I got in at $300.  Lots of steroid sites take bitcoin. Would be nice to get $5k in hgh for $300
I got into bitcoins early, but didn’t buy much until the price was higher. The best stock investment I ever made was buying apple stocks right before the iTunes Store launched. I sold way too early becuase I need liquid for a business venture. Wish I held on to them.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: The Keto Kid on October 14, 2017, 03:53:33 PM
Increase of 800% since last year, wtf??
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Marty Champions on October 14, 2017, 04:21:03 PM
lol u guys are bafoons

get into real estate
 
no one has made shit at bitcoin

how many coins out of 24 million have been created yet, how do u really know
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: NelsonMuntz on October 14, 2017, 05:23:58 PM
the guy who is brock in this vid runs bitcoin now.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on October 15, 2017, 12:26:09 AM
Quote from: The Keto Kid on October 14, 2017, 03:53:33 PM
Increase of 800% since last year, wtf??


Ponzi scheme like growth , except it's not , incredible !
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 15, 2017, 06:30:34 AM
Bit coins are really an all or nothing zero sum bet. Either they will eventually play a very significant role in the economy, or they will be worthless. Long term there really is no in between.

For this reason it's well worth a million or more to at least by one coin. It's a hedge against what may happen in the future. There are millions of millionaires in the world and only will there ever be 21 million bit coins ever mined. If you buy even one now it seriously could be worth a million within 10 years based on current adoption. How many getbiggers will have one in ten years and how many will be reading this and be thinking "damn, if only I had bought when I had the chance?" 

To me is very very obvious that we will see huge amounts of money from Japan, Korea, China, Russia and many other countries being invested over the coming years.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Ted SuperSet on October 15, 2017, 08:29:14 AM
Waiting voor Vince's input o this before investing....


Vince what is your take on the current cryptocurrency market?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: NelsonMuntz on October 15, 2017, 02:17:37 PM
Quote from: Ted SuperSet on October 15, 2017, 08:29:14 AM
Waiting voor Vince's input o this before investing....


Vince what is your take on the current cryptocurrency market?

waiting for people to comment on the fact that one of the company's principles was involved in a past hollywood pedo ring and former business/stock scams.

some of you guys who have invested in this may make money but most will be bitching/relieved when this shit fucks people over eventually
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on October 16, 2017, 05:00:10 AM
I guess this is that moment where everyone starts buying . . .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on October 16, 2017, 05:21:10 AM
Quote from: NelsonMuntz on October 15, 2017, 02:17:37 PM
waiting for people to comment on the fact that one of the company's principles was involved in a past hollywood pedo ring and former business/stock scams.

some of you guys who have invested in this may make money but most will be bitching/relieved when this shit fucks people over eventually

The last ones in always get caught flat-footed and lose the most money.  As long as the "buy the dip" mentality is in place, the trend will continue upwards.  There is also the "greater fool" theory at work.  At some point the "buy the dip" crowd will not be able to overcome the sellers.  As the price drops precipitously, everyone will run for the exit at the same time.  That's when it will end. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Ted SuperSet on October 16, 2017, 05:41:08 AM
Quote from: DooM_ on October 16, 2017, 05:00:10 AM
I guess this is that moment where everyone starts buying . . .

Jep
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on October 16, 2017, 06:37:01 AM
Quote from: NelsonMuntz on October 15, 2017, 02:17:37 PM
waiting for people to comment on the fact that one of the company's principles was involved in a past hollywood pedo ring and former business/stock scams.

some of you guys who have invested in this may make money but most will be bitching/relieved when this shit fucks people over eventually

Did you know that a majority of $100 bills have a slight trace of cocaine on them.  That the majority of hundreds have passed through the hands of drug kingpins.  The US dollar is dirtier than bitcoin ever will be.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 16, 2017, 07:48:22 AM
Bitcoins will probably hit $6000 by the end of this week.

Anyone who invested when this thread was first started would already be well in the money.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on October 16, 2017, 09:35:37 AM
Quote from: gib on October 16, 2017, 07:48:22 AM
Bitcoins will probably hit $6000 by the end of this week.

Anyone who invested when this thread was first started would already be well in the money.

Can just as likely hit $4000 as well.  Some want to call it a scam, others call it the real deal but regardless there WAS money to be made.  Not much buying it at $5K though.  Wonder how quickly these exchanges send you money once you decide to cash them in.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on October 16, 2017, 09:56:34 AM
"Glorified Money Order. Tulipy" - Warren Buffett

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on October 16, 2017, 11:27:44 AM
Quote from: polychronopolous on October 16, 2017, 09:56:34 AM
"Glorified Money Order. Tulipy" - Warren Buffett



so according to the worlds richest man it's not a currency and probably won't be around in ten years . . .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on October 16, 2017, 12:05:05 PM
Quote from: DooM_ on October 16, 2017, 11:27:44 AM
so according to the worlds richest man it's not a currency and probably won't be around in ten years . . .

Yet this fucking snake is buying up bitcoin.  Of course he's shit talking about it now so he can continue buying it cheap.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Simple Simon on October 16, 2017, 12:16:15 PM
Quote from: DooM_ on October 16, 2017, 11:27:44 AM
so according to the worlds richest man it's not a currency and probably won't be around in ten years . . .

Neither will he....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on October 16, 2017, 02:43:01 PM
Quote from: DooM_ on October 16, 2017, 11:27:44 AM
so according to the worlds richest man it's not a currency and probably won't be around in ten years . . .

I don't really know what to think about this whole bitcoin deal but I am a huge Warren Buffett fan.

I love his story. His interviews and reasoning just seem to stick home with me.

His rationale makes sense.

But the man is 87 years old and could very well be behind the times.

I'm sticking my money in broad market index funds for the time being.

The United States has the secret sauce.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 17, 2017, 12:01:49 AM
Buffett and his strategy is as relevant as ever.

Invest like Buffet and you will be fine.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 17, 2017, 12:03:45 AM
Quote from: El Diablo Blanco on October 16, 2017, 09:35:37 AM
Can just as likely hit $4000 as well.  Some want to call it a scam, others call it the real deal but regardless there WAS money to be made.  Not much buying it at $5K though.  Wonder how quickly these exchanges send you money once you decide to cash them in.

You don't need exchanges to sell Bitcoin. All exchanges do is help find buyers.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on October 17, 2017, 06:45:34 AM
Quote from: gib on October 17, 2017, 12:03:45 AM
You don't need exchanges to sell Bitcoin. All exchanges do is help find buyers.

So then how do you get your cash?  honestly, I don't know how.  If you had $1 million in bitcoin. How do you get cash money on hand?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Eyeball Chambers on October 17, 2017, 07:40:15 AM
How do I buy? ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on October 17, 2017, 07:56:21 AM
Quote from: Eyeball Chambers on October 17, 2017, 07:40:15 AM
How do I buy? ???

More importantly is how do you sell.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Rearden Metal on October 17, 2017, 09:48:32 AM
Quote from: Marty Champions on October 14, 2017, 04:21:03 PM
lol u guys are bafoons

get into real estate
 
no one has made shit at bitcoin

how many coins out of 24 million have been created yet, how do u really know


21 million total by the end, and the exact number exists. Miners know it.

Oh, and I've made 45k on my 5k investment, and all I do is short. It's not even hard to do. Basic understanding of economics explains why this is a fantastic investment, even if it's regulated.

People that naysay crypto are either 1. trying to get you to sell to buy low (FUD) or 2. don't understand it/are scared of what they don't know.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on October 17, 2017, 05:22:54 PM
Quote from: Rearden Metal on October 17, 2017, 09:48:32 AM
21 million total by the end, and the exact number exists. Miners know it.

Oh, and I've made 45k on my 5k investment, and all I do is short. It's not even hard to do. Basic understanding of economics explains why this is a fantastic investment, even if it's regulated.

People that naysay crypto are either 1. trying to get you to sell to buy low (FUD) or 2. don't understand it/are scared of what they don't know.

Puerto Rico got hit by a hurricane... all the power was out... Bitcoin was totally useless and valueless. 

That is all you need to know.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 17, 2017, 09:26:19 PM
Quote from: Mr Anabolic on October 17, 2017, 05:22:54 PM
Puerto Rico got hit by a hurricane... all the power was out... Bitcoin was totally useless and valueless. 

That is all you need to know.

Lol the irony to your post is this. The banks were closed. Yet anyone with a mobile phone was able to access, transfer, and pay in bit coins. Property was stolen, damaged and the economy there maybe beyond repair. Yet anyone with Bitcoin was entirely fine in terms of preserving their wealth and being able to transport it immediately to any location in America or the world where they wish to start a new life. Oh and the icing on the cake is that the value of Bitcoin rose from then until now :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 17, 2017, 09:27:31 PM
Quote from: El Diablo Blanco on October 17, 2017, 07:56:21 AM
More importantly is how do you sell.

You can buy from anyone who has bitcoins. Either directly or via an exchange such as coinbase. And selling is the same in reverse.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on October 17, 2017, 09:51:56 PM
Quote from: gib on October 17, 2017, 09:26:19 PM
Lol the irony to your post is this. The banks were closed. Yet anyone with a mobile phone was able to access, transfer, and pay in bit coins. Property was stolen, damaged and the economy there maybe beyond repair. Yet anyone with Bitcoin was entirely fine in terms of preserving their wealth and being able to transport it immediately to any location in America or the world where they wish to start a new life. Oh and the icing on the cake is that the value of Bitcoin rose from then until now :)



90% of the island didn't have cell service. Crypto people cannot accept ANY counterparty risk scenarios when it comes to their unicorn. It's annoying how blinded they are in that respect.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 18, 2017, 12:54:05 AM
Quote from: SOMEPARTS on October 17, 2017, 09:51:56 PM


90% of the island didn't have cell service. Crypto people cannot accept ANY counterparty risk scenarios when it comes to their unicorn. It's annoying how blinded they are in that respect.

You do realise that the banks were also shut right? And that anyone holding stocks would not be able to trade them, right? And that Gold whilst having value, was either locked away in banks, or limited with regard to how divisible it is right? Pointing to a natural disaster as an argument against the validity of a particular asset type is rather non-sensical.

As for being a unicorn, you do realise that just like bitcoins, the USD, is interely dependent on others accepting it as a payment right? Now let me ask you, long term would you prefer to use a currency that devalues, can be tracked, and heavily taxed (aka stolen) and which if you want to use outside or the US you will need to pay an exchange rate commission (more loss of value), or Bitcoin which has non of these issues?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on October 18, 2017, 06:22:32 AM
Quote from: gib on October 17, 2017, 09:27:31 PM
You can buy from anyone who has bitcoins. Either directly or via an exchange such as coinbase. And selling is the same in reverse.

How?  Is there an app?  Where do you hold your bitcoin?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 18, 2017, 08:01:40 AM
Use an exchange like coinbase to trade. And use a trezor to store coins.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on October 18, 2017, 09:27:43 AM
Quote from: El Diablo Blanco on October 18, 2017, 06:22:32 AM
How?  Is there an app?  Where do you hold your bitcoin?

Vince Goodrum, CSN, MFT, HPP, CEO, holds his bitcoin under his bed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on October 18, 2017, 11:33:16 AM
Quote from: El Diablo Blanco on October 18, 2017, 06:22:32 AM
How?  Is there an app?  Where do you hold your bitcoin?

Quote from: gib on October 18, 2017, 08:01:40 AM
Use an exchange like coinbase to trade. And use a trezor to store coins.
Buy on coinbase, hold/do Transactions on phone with breadwallet, and store on keepkey.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on October 18, 2017, 01:44:27 PM
Quote from: gib on October 18, 2017, 12:54:05 AM
You do realise that the banks were also shut right? And that anyone holding stocks would not be able to trade them, right? And that Gold whilst having value, was either locked away in banks, or limited with regard to how divisible it is right? Pointing to a natural disaster as an argument against the validity of a particular asset type is rather non-sensical.

As for being a unicorn, you do realise that just like bitcoins, the USD, is interely dependent on others accepting it as a payment right? Now let me ask you, long term would you prefer to use a currency that devalues, can be tracked, and heavily taxed (aka stolen) and which if you want to use outside or the US you will need to pay an exchange rate commission (more loss of value), or Bitcoin which has non of these issues?

Cash, gold and silver are locked away... in my safe.   ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Evo on October 18, 2017, 02:17:29 PM
Quote from: Mr Anabolic on October 18, 2017, 01:44:27 PM
Cash, gold and silver are locked away... in my safe.   ;D

Mine too...

It's a nice feeling :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 18, 2017, 05:11:36 PM
Quote from: Evo on October 18, 2017, 02:17:29 PM
Mine too...

It's a nice feeling :)

Not such a nice feeling though if you happen to be away overseas when you need access to said gold in safe...

With Bitcoin it's accessible anywhere. Instantly. And provided you know what your are doing, far more secure against risk of theft.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on October 18, 2017, 07:01:00 PM
Quote from: gib on October 18, 2017, 05:11:36 PM
Not such a nice feeling though if you happen to be away overseas when you need access to said gold in safe...

With Bitcoin it's accessible anywhere. Instantly. And provided you know what your are doing, far more secure against risk of theft.
Plus you can “carry” it with you just by remembering 12 words. Gold is fucking heavy plus try and carry that shit on a plane.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 18, 2017, 08:48:35 PM
Quote from: HTexan on October 18, 2017, 07:01:00 PM
Plus you can “carry” it with you just by remembering 12 words. Gold is fucking heavy plus try and carry that shit on a plane.

Exactly!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: jr on October 18, 2017, 09:20:31 PM
Gold is old and useless to us now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on October 18, 2017, 10:45:09 PM
Quote from: gib on October 18, 2017, 12:54:05 AM
You do realise that the banks were also shut right? And that anyone holding stocks would not be able to trade them, right? And that Gold whilst having value, was either locked away in banks, or limited with regard to how divisible it is right? Pointing to a natural disaster as an argument against the validity of a particular asset type is rather non-sensical.

As for being a unicorn, you do realise that just like bitcoins, the USD, is interely dependent on others accepting it as a payment right? Now let me ask you, long term would you prefer to use a currency that devalues, can be tracked, and heavily taxed (aka stolen) and which if you want to use outside or the US you will need to pay an exchange rate commission (more loss of value), or Bitcoin which has non of these issues?


Let me get this straight...so you're saying BTC..

can't be tracked...totally false
can't be taxed...already is if you follow the capital gains law, enjoy your future audit
isn't fee'd to get funds....totally false
does anyone accept it like the dollar...no too volatile

..and don't even mutter gold in the same paragraph.

So... ??

Is BTC deflationary? Yes, for now...as long as new money comes in. The dollar drops but at a predictable rate. Oldest game going there.

Again, crypto people assume that non-believers are stupid or not understanding of the tech. Just not true. Blinded by quick gains you all are.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on October 18, 2017, 10:47:07 PM
Quote from: HTexan on October 18, 2017, 11:33:16 AM
Buy on coinbase, hold/do Transactions on phone with breadwallet, and store on keepkey.



Sounds easy and totally legit. What could go wrong when you have tens and possibly hundreds of thousands of dollars dependent on three different applications that have been around for a few years each? Haha.

Coinbase requires so much info to buy and a wait period. So much for being untraceable.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 19, 2017, 12:09:11 AM
Quote from: SOMEPARTS on October 18, 2017, 10:47:07 PM

Sounds easy and totally legit. What could go wrong when you have tens and possibly hundreds of thousands of dollars dependent on three different applications that have been around for a few years each? Haha.

Coinbase requires so much info to buy and a wait period. So much for being untraceable.


Yes. It is easy. And yes it's totally legit. I buy and transfer coins within seconds (either using an exchange, or directly with another buyer/seller.

What could go wrong with storage apps? Lots, if you don't keep your password secure or if you forget your password.

Coinbase requires personal info. However if you transfer directly to someone it can be done anonymously.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 19, 2017, 12:15:30 AM
Quote from: SOMEPARTS on October 18, 2017, 10:45:09 PM

Let me get this straight...so you're saying BTC..

can't be tracked...totally false
can't be taxed...already is if you follow the capital gains law, enjoy your future audit
isn't fee'd to get funds....totally false
does anyone accept it like the dollar...no too volatile

..and don't even mutter gold in the same paragraph.

So... ??

Is BTC deflationary? Yes, for now...as long as new money comes in. The dollar drops but at a predictable rate. Oldest game going there.

Again, crypto people assume that non-believers are stupid or not understanding of the tech. Just not true. Blinded by quick gains you all are.



Correct. Can't be tracked if transferred directly.

Correct. Won't be taxed (provided you keep transactions direct and don't report to taxman).

Correct - When you transfer bitcoins the cost is virtually zero (yes it does require some electricity and computing power).

Not all sellers of goods services will accept it. Just like it all will accept gold. In which case if needed you can always convert btc into cash and then use the cash.

Gold is an outmoded archaic currency. We are in a massive transition in terms of people transferring allocations from gold (and cash) into electronic currencies, namely bitcoins.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on October 19, 2017, 05:25:58 AM
Quote from: gib on October 19, 2017, 12:15:30 AM
Correct. Can't be tracked if transferred directly.

Correct. Won't be taxed (provided you keep transactions direct and don't report to taxman.

Correct - When you transfer bitcoins the cost is virtually zero (yes it does require some electricity and computing power.

Not all sellers of goods services will accept it. Just like it all will accept gold. In which case if needed you can always convert btc into cash and then use the cash.

Gold is an outmoded archaic currency. We are in a massive transition in terms of people transferring allocations from gold (and cash) into electric currencies, namely bitcoins.

All that is refutable and I already addressed those things in this thread, so I won't waste time repeating.   

Your statement about gold being archaic is pure nonsense.  Gold has a 5000+ year track record as a store of labor and wealth.  Banks and the most wealthy people in the world hoard gold and silver, not bitcoins.  Bitcoins are digital vaporware in cyberspace. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on October 19, 2017, 12:57:28 PM
They're gonna be rich.....RICH I TELLS YA!!!!

Dutch family sells everything to bet on bitcoins

The Hague (AFP) – A Dutch family has sold virtually all they own, including a business, their home, two cars and a motorbike and invested the takings in bitcoin just as the virtual currency is soaring to new heights.

“We are putting everything into bitcoin, we’ve sold everything to invest in this currency,” Didi Taihuttu told AFP.

The 39-year-old is currently living in a camping ground with his family, aiming “to put as much money as possible to one side and transform it into bitcoin.”

Having turned his back on a “materialistic life” three months ago, Taihuttu and his wife and three daughters, aged 12, 10 and seven, are living in a small holiday chalet in a camping ground in eastern Venlo and are watching their savings “grow every minute somewhere on the cloud”.

Bitcoin, a crypto currency created from computer code, was worth only a few US cents when it was launched in February 2009 by someone using the Japanese-sounding name Satoshi Nakamoto.

Unlike a real-world unit such as the US dollar or euro, bitcoin has no central bank and is not backed by any government and is not generally recognised as a currency.

But bitcoins can be exchanged for goods and services — or for other currencies — provided the other party is willing to accept them.

Last week, it surged through the $5,000 level for the first time since its launch — representing a rise of more than 400 percent just this year.

“It’s the currency of the future,” said Taihuttu, who is an IT specialist and until recently ran a company employing 16 people.

“We are taking part in a revolution, or an evolution of the monetary system,” he added, predicting that “by 2020 the bitcoin will probably be worth 25,000 euros”.

Bitcoin is traded through blockchain technology, which publicly records transaction details including the unique alphanumeric strings that identify buyers and sellers — technology which is gaining increasing currency among banks and companies.

Taihuttu and his family have “already invested tens of thousands of euros” and the money from the sale of their house will be added to it.

Should things go wrong however, he and his family will just “go back to square one”.

But if he wins his bet, Taihuttu wants to “show the world to (his) daughters and help people poorer than us with the earned money.”
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on October 19, 2017, 02:52:58 PM
Quote from: gib on October 19, 2017, 12:09:11 AM

What could go wrong with storage apps? Lots, if you don't keep your password secure or if you forget your password.


If you’re using an app to store you bitcoins you’re doing it wrong.
“Real”money is easy stolen if you don’t keep it secure too.
What is your point?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on October 19, 2017, 03:26:06 PM
Quote from: polychronopolous on October 19, 2017, 12:57:28 PM
They're gonna be rich.....RICH I TELLS YA!!!!

Dutch family sells everything to bet on bitcoins

The Hague (AFP) – A Dutch family has sold virtually all they own, including a business, their home, two cars and a motorbike and invested the takings in bitcoin just as the virtual currency is soaring to new heights.

“We are putting everything into bitcoin, we’ve sold everything to invest in this currency,” Didi Taihuttu told AFP.

The 39-year-old is currently living in a camping ground with his family, aiming “to put as much money as possible to one side and transform it into bitcoin.”

Having turned his back on a “materialistic life” three months ago, Taihuttu and his wife and three daughters, aged 12, 10 and seven, are living in a small holiday chalet in a camping ground in eastern Venlo and are watching their savings “grow every minute somewhere on the cloud”.

Bitcoin, a crypto currency created from computer code, was worth only a few US cents when it was launched in February 2009 by someone using the Japanese-sounding name Satoshi Nakamoto.

Unlike a real-world unit such as the US dollar or euro, bitcoin has no central bank and is not backed by any government and is not generally recognised as a currency.

But bitcoins can be exchanged for goods and services — or for other currencies — provided the other party is willing to accept them.

Last week, it surged through the $5,000 level for the first time since its launch — representing a rise of more than 400 percent just this year.

“It’s the currency of the future,” said Taihuttu, who is an IT specialist and until recently ran a company employing 16 people.

“We are taking part in a revolution, or an evolution of the monetary system,” he added, predicting that “by 2020 the bitcoin will probably be worth 25,000 euros”.

Bitcoin is traded through blockchain technology, which publicly records transaction details including the unique alphanumeric strings that identify buyers and sellers — technology which is gaining increasing currency among banks and companies.

Taihuttu and his family have “already invested tens of thousands of euros” and the money from the sale of their house will be added to it.

Should things go wrong however, he and his family will just “go back to square one”.

But if he wins his bet, Taihuttu wants to “show the world to (his) daughters and help people poorer than us with the earned money.”

LOL!  Contrary indicator.  Gotta be close to topping now. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on October 19, 2017, 03:34:24 PM
Quote from: Mr Anabolic on October 19, 2017, 03:26:06 PM
LOL!  Contrary indicator.  Gotta be close to topping now. 

I never understood that whole "Bet it all on red" mentality.

You have a home. A few dollars in the bank.

Be comfortable and enjoy it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on October 19, 2017, 03:50:42 PM
Quote from: polychronopolous on October 19, 2017, 12:57:28 PM
They're gonna be rich.....RICH I TELLS YA!!!!

Dutch family sells everything to bet on bitcoins

The Hague (AFP) – A Dutch family has sold virtually all they own, including a business, their home, two cars and a motorbike and invested the takings in bitcoin just as the virtual currency is soaring to new heights.

“We are putting everything into bitcoin, we’ve sold everything to invest in this currency,” Didi Taihuttu told AFP.

The 39-year-old is currently living in a camping ground with his family, aiming “to put as much money as possible to one side and transform it into bitcoin.”

Having turned his back on a “materialistic life” three months ago, Taihuttu and his wife and three daughters, aged 12, 10 and seven, are living in a small holiday chalet in a camping ground in eastern Venlo and are watching their savings “grow every minute somewhere on the cloud”.

Bitcoin, a crypto currency created from computer code, was worth only a few US cents when it was launched in February 2009 by someone using the Japanese-sounding name Satoshi Nakamoto.

Unlike a real-world unit such as the US dollar or euro, bitcoin has no central bank and is not backed by any government and is not generally recognised as a currency.

But bitcoins can be exchanged for goods and services — or for other currencies — provided the other party is willing to accept them.

Last week, it surged through the $5,000 level for the first time since its launch — representing a rise of more than 400 percent just this year.

“It’s the currency of the future,” said Taihuttu, who is an IT specialist and until recently ran a company employing 16 people.

“We are taking part in a revolution, or an evolution of the monetary system,” he added, predicting that “by 2020 the bitcoin will probably be worth 25,000 euros”.

Bitcoin is traded through blockchain technology, which publicly records transaction details including the unique alphanumeric strings that identify buyers and sellers — technology which is gaining increasing currency among banks and companies.

Taihuttu and his family have “already invested tens of thousands of euros” and the money from the sale of their house will be added to it.

Should things go wrong however, he and his family will just “go back to square one”.

But if he wins his bet, Taihuttu wants to “show the world to (his) daughters and help people poorer than us with the earned money.”



The Dutch taking part in another tulip mania.

Perfectly timed though...did it ever occur to anyone that the banking game is to trade things of real wealth for promises? Crypto is the extreme of this.


"Gold is an outmoded archaic currency. We are in a massive transition in terms of people transferring allocations from gold (and cash) into electric currencies, namely bitcoins."


Yes, "people" are doing this...meanwhile govts, banks and billionaires are buying gold. Why would that be?

Why isn't Branson, Gates, Cuban or Musk buying it all? Do you think they don't understand the tech either - or maybe they just understand basic counterparty risks?


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 19, 2017, 07:11:28 PM
Quote from: SOMEPARTS on October 19, 2017, 03:50:42 PM


The Dutch taking part in another tulip mania.

Perfectly timed though...did it ever occur to anyone that the banking game is to trade things of real wealth for promises? Crypto is the extreme of this.


"Gold is an outmoded archaic currency. We are in a massive transition in terms of people transferring allocations from gold (and cash) into electric currencies, namely bitcoins."


Yes, "people" are doing this...meanwhile govts, banks and billionaires are buying gold. Why would that be?

Why isn't Branson, Gates, Cuban or Musk buying it all? Do you think they don't understand the tech either - or maybe they just understand basic counterparty risks?




Yes it's stupid to put all ones money into one investment.

Just like Gold (which I think is a terrible investment) bitcoins should only form a small part of your overall portfolio. The thing is though, many people including many rich, don't yet have any Bitcoin at all, so even a very small movement of diversification from gold into Bitcoins will produce a huge and sustained upside in the price of bitcoins as this trend continues.

The rich, and governments are gradually selling off gold, which is why despite money printing from governments, the price of gold is falling.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: The Keto Kid on October 20, 2017, 09:50:08 AM
Up 5.8% since yesterday fuck yeah!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 20, 2017, 10:03:23 AM
Boom. 6000k poised to hit today!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 20, 2017, 10:07:44 AM
Quiet Surge: Bitcoin Price Sets New High Above $6,000
Oct 20, 2017 at 15:10 UTC by Stan Higgins


Markets  •  News  •  Bitcoin  •  Markets News
The price of bitcoin has hit a new all-time high, crossing the $6,000 line for the first time.

Markets climbed as high as $6,003.81, according to CoinDesk's Bitcoin Price Index (BPI). This figure surpasses the previous all-time high set on October 13, when the price rose to $5,856.10.

BPI data shows that the price climbed more than $200 in the past hour, with markets showing an average price of $5,697 prior to the ramp. At press time, the price of bitcoin is trading at around $5,968.

Figures from CoinMarketCap.com show that some exchanges are currently reporting a price above $6,000, including Bitfinex and Bithumb, the world's two largest exchanges by volume.

Today's move pushes the network's collective market capitalization closer to the $100 billion line. At press time, according to the BPI, bitcoin's market cap is roughly $99.5 billio

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on October 20, 2017, 12:06:36 PM
Quote from: gib on October 19, 2017, 07:11:28 PM
Yes it's stupid to put all ones money into one investment.

Just like Gold (which I think is a terrible investment) bitcoins should only form a small part of your overall portfolio. The thing is though, many people including many rich, don't yet have any Bitcoin at all, so even a very small movement of diversification from gold into Bitcoins will produce a huge and sustained upside in the price of bitcoins as this trend continues.

The rich, and governments are gradually selling off gold, which is why despite money printing from governments, the price of gold is falling.


Yet many are doing it. Good that you clarified crypto as a small part. The trend of BTC is undeniable but the end as far as how to realize and time those gains is more open ended. The rich and western govts have been selling gold for a long time, but look who it buying it all up. The East who also just happens to control the engines of mass production. It makes total sense why it's going there.

We know that BTC is "worth" 4.7 oz of gold now, but the question is which will be around in 10 years in its same form, gold or Bitcoin? The market cap of BTC x100 will not be the same animal it is now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on October 20, 2017, 12:20:10 PM
Quote from: SOMEPARTS on October 19, 2017, 03:50:42 PM


The Dutch taking part in another tulip mania.

Perfectly timed though...did it ever occur to anyone that the banking game is to trade things of real wealth for promises? Crypto is the extreme of this.


"Gold is an outmoded archaic currency. We are in a massive transition in terms of people transferring allocations from gold (and cash) into electric currencies, namely bitcoins."


Yes, "people" are doing this...meanwhile govts, banks and billionaires are buying gold. Why would that be?

Why isn't Branson, Gates, Cuban or Musk buying it all? Do you think they don't understand the tech either - or maybe they just understand basic counterparty risks?

(http://www.factinate.com/wp-content/uploads/2017/03/dutch.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on October 20, 2017, 01:25:28 PM
Quote from: gib on October 20, 2017, 10:07:44 AM
Quiet Surge: Bitcoin Price Sets New High Above $6,000
Oct 20, 2017 at 15:10 UTC by Stan Higgins


Markets  •  News  •  Bitcoin  •  Markets News
The price of bitcoin has hit a new all-time high, crossing the $6,000 line for the first time.

Markets climbed as high as $6,003.81, according to CoinDesk's Bitcoin Price Index (BPI). This figure surpasses the previous all-time high set on October 13, when the price rose to $5,856.10.

BPI data shows that the price climbed more than $200 in the past hour, with markets showing an average price of $5,697 prior to the ramp. At press time, the price of bitcoin is trading at around $5,968.

Figures from CoinMarketCap.com show that some exchanges are currently reporting a price above $6,000, including Bitfinex and Bithumb, the world's two largest exchanges by volume.

Today's move pushes the network's collective market capitalization closer to the $100 billion line. At press time, according to the BPI, bitcoin's market cap is roughly $99.5 billio

You keep boasting every time it hits an new plateau.   So, how many to you have? 

I can put all my gold and silver coins on my bed and roll in them... you can't do that with bitcoins.   ;D 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 21, 2017, 08:55:11 AM
Quote from: Mr Anabolic on October 20, 2017, 01:25:28 PM
You keep boasting every time it hits an new plateau.   So, how many to you have? 

I can put all my gold and silver coins on my bed and roll in them... you can't do that with bitcoins.   ;D 

Actually you can, as with bit coins you can buy gold whenever you want (and even better wherever you want) and then roll around in gold (or cash of any currency) until you are done at which point you can convert it all back to bitcoins, which by the way look poised to pass $6100 today ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on October 25, 2017, 11:42:27 AM
Bitcoin went down to $ 5600.

Something about a split coming up and Bitcoin Gold.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on October 25, 2017, 01:37:38 PM
Quote from: gib on October 21, 2017, 08:55:11 AM
Actually you can, as with bit coins you can buy gold whenever you want (and even better wherever you want) and then roll around in gold (or cash of any currency) until you are done at which point you can convert it all back to bitcoins, which by the way look poised to pass $6100 today ...

So you have one, or none?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on October 25, 2017, 02:28:36 PM
How many Bitcoin brand names are there going to be? A dilution of the brand not good considering there are 100 other cryptos.

BTC is limited to 21 million coins....okay great that is a deflationary value and one of the hallmarks of the platform...but now we have Bitcoin Cash, Bitcoin Gold, etc ... see the problem here? Dilution of brand. There are not going to be hundreds of alt coins taken everywhere and many will end up ripoffs. This is where the govt/bank issued coin will swoop in. One coin for all, and the people will love it.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on October 25, 2017, 02:45:00 PM
Quote from: SOMEPARTS on October 25, 2017, 02:28:36 PM
How many Bitcoin brand names are there going to be? A dilution of the brand not good considering there are 100 other cryptos.

BTC is limited to 21 million coins....okay great that is a deflationary value and one of the hallmarks of the platform...but now we have Bitcoin Cash, Bitcoin Gold, etc ... see the problem here? Dilution of brand. There are not going to be hundreds of alt coins taken everywhere and many will end up ripoffs. This is where the govt/bank issued coin will swoop in. One coin for all, and the people will love it.

Bits are called coins and are the color of gold... gee I wonder why? 

The only real "coin" you'll ever need...

(http://www.diamond-jewelry-and-more.com/wp-content/uploads/2015/05/Gold-Coins.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on October 25, 2017, 10:09:47 PM
Quote from: SOMEPARTS on October 25, 2017, 02:28:36 PM
How many Bitcoin brand names are there going to be? A dilution of the brand not good considering there are 100 other cryptos.

BTC is limited to 21 million coins....okay great that is a deflationary value and one of the hallmarks of the platform...but now we have Bitcoin Cash, Bitcoin Gold, etc ... see the problem here? Dilution of brand. There are not going to be hundreds of alt coins taken everywhere and many will end up ripoffs. This is where the govt/bank issued coin will swoop in. One coin for all, and the people will love it.



I was thinking this too, Bitcoin amounts may be limited but how many 'forks' and different types and alternatives are we going to see?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on October 27, 2017, 02:27:33 PM
So what is the expert opinion here...?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on October 27, 2017, 02:38:43 PM
https://www.cryptocoinsnews.com/a-real-bubble-warren-buffett-not-impressed-by-bitcoin-price-surge-or-icos/

A ‘Real Bubble’: Warren Buffett Not Impressed by Bitcoin Price Surge

(http://www.azquotes.com/picture-quotes/quote-of-our-49-billion-we-haven-t-moved-any-to-bitcoin-warren-buffett-136-90-72.jpg)


As reported in MarketWatch, the Berkshire Hathaway CEO — known as the “Oracle of Omaha” — made these comments earlier this month during an “Ask Me Anything”-style question-and-answer session with business students. At least one student asked Buffett about cryptocurrency, and — unsurprisingly — he replied that he is not enthused about bitcoin or other digital currencies.

“You can’t value bitcoin because it’s not a value-producing asset,” he warned, casting shade on strategists and hedge fund managers who believe Metcalfe’s law — a principle that states the value of a network is proportional to the square of the number of its user base — provides an effective metric for deciphering bitcoin’s value.

There’s a “real bubble in that sort of thing,” he added, echoing comments made by UBS earlier this month.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Notomorrow on October 28, 2017, 12:04:21 AM
Warren Buffets strategy for wealth is to live to 100 years old with moderate, stable investments that grow over 50-60 fucking years so when you're rich you're too old to fuck the young bitches you got rich for.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 31, 2017, 09:37:52 AM
Its true Buffet only invests in investments he understands and can value. And indeed this is why he did not invest in either google nor Facebook nor Amazon. He himself admits and states that all he need to do is invest in what is does understand. But this does not mean that anything he does not invest in is inherently a bad investment.

Oh and for the record bit coin hit another record high today now 6400 USD! Still super cheap. Could one day go above 100k once hedge funds and banks buy in.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IRON CROSS on October 31, 2017, 12:31:29 PM
Imaginary money ...........

Lets create Marsian currency too............
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 31, 2017, 06:46:52 PM
Quote from: IRON CROSS on October 31, 2017, 12:31:29 PM
Imaginary money ...........

Lets create Marsian currency too............

You do realise that USD is infinitely more "imaginary" right? As infinite amounts of notes can be printed to dilute value and effectively steal from you right? As opposed to bitcoins which are decentralised and finite with mathematical certainty?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on October 31, 2017, 07:42:01 PM
Only on Getbig can some crypto nuts make fun of one of the richest guys in the world - famous for his methods. He became that way by investing in real things BTW. He's not my favorite either but you guys are blinded by gains plain and simple.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 01, 2017, 03:17:48 AM
Quote from: SOMEPARTS on October 31, 2017, 07:42:01 PM
Only on Getbig can some crypto nuts make fun of one of the richest guys in the world - famous for his methods. He became that way by investing in real things BTW. He's not my favorite either but you guys are blinded by gains plain and simple.

Its true Buffet only invests in investments he understands and can value. And indeed this is why he did not invest in either google nor Facebook nor Amazon. He himself admits and states that all he need to do is invest in what is does understand. But this does not mean that anything he does not invest in is inherently a bad investment.

Oh and for the record bit coin hit another record high today now 6500 USD! Still super cheap. Will go above 100k once hedge funds and banks buy in.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 01, 2017, 03:45:05 AM
Ps those getbiggers not yet ready to buy Bitcoins with the big boys, there's always Bitcoin Cash - currrently trading at around USD 500 per coin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 01, 2017, 04:05:28 AM
Quote from: SOMEPARTS on October 31, 2017, 07:42:01 PM
Only on Getbig can some crypto nuts make fun of one of the richest guys in the world - famous for his methods. He became that way by investing in real things BTW. He's not my favorite either but you guys are blinded by gains plain and simple.

Absolutely.  Also, the nonstop bragging about how it will keep going up unabated is totally ignorant and arrogant.  Lets see what happens when some whale decides to unload a bunch.  A huge stock market downturn will be a real test.

Banks and hedgies are already buying it, this is why it's going parabolic, not because of mom and pop buyers.  Jamie Dimon (of JP Morgan) publicly dissed bitcoin so it would go down... which it did... then his European branch of JPM bought it.  This is a fact.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 01, 2017, 05:02:51 AM
Quote from: Mr Anabolic on November 01, 2017, 04:05:28 AM
Absolutely.  Also, the nonstop bragging about how it will keep going up unabated is totally ignorant and arrogant.  Lets see what happens when some whale decides to unload a bunch.  A huge stock market downturn will be a real test.

Banks and hedgies are already buying it, this is why it's going parabolic, not because of mom and pop buyers.  Jamie Dimon (of JP Morgan) publicly dissed bitcoin so it would go down... which it did... then his European branch of JPM bought it.  This is a fact.
Hmm. Those who are buying are blinded by gains? Or those who are too scared to buy in are the ones who are blinded by the gains?

We are far far far from any mainstream money yet coming in other than in nominal and negligible amounts. When the banks realise how much huge money there is to be made, then we could eventually see prices ramp up to the 100k mark, and then it will be the mainstream public who start to buy in more. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 01, 2017, 05:04:04 AM
This may help...



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 01, 2017, 05:09:26 AM
Getbig is documenting history in the making.

How many will look back at this thread in 3-5 years and wonder "if only...".

Every person who has the means should buy just one coin of even just as a hedge to what may happen in the future ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 01, 2017, 05:46:07 AM
Quote from: gib on November 01, 2017, 05:02:51 AM
Hmm. Those who are buying are blinded by gains? Or those who are too scared to buy in are the ones who are blinded by the gains?

We are far far far from any mainstream money yet coming in other than in nominal and negligible amounts. When the banks realise how much huge money there is to be made, then we will see prices ramp up to the 100k mark, and then it will be the mainstream public who start to buy in. 


I enjoy intelligent conversations and debating with you, but you are getting a bit ridiculous with comments like these. 

Regardless of the what the government espouses, the economy and unemployment in the US and most other countries is horrible.  Mom & Pop (i.e. Main St) barely have enough money to pay their bills, let alone buy 1/10 of a bitcoin.  The majority have less than $400 in the bank for emergencies and most are living paycheck to paycheck.

You need to come down off your bitcoin cloud and get in touch with reality.   
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 01, 2017, 05:50:13 AM
Quote from: gib on November 01, 2017, 05:09:26 AM
Getbig is documenting history in the making.

How many will look back at this thread in 3 years and wonder "if only...".

Every person who has the means should buy just one coin of even just as a hedge to what may happen in the future ...

But most don't have the means.  If they go to 100K as you think, one coin is not going to help much.  You'll need to change your bitcoins for dollars at some point... what will a dollar be worth in 3 years?... in 10 years?

Bitcoin is a gigantic bubble.  At some point it will pop.  When it pops it'll create lots of pain for everyone who is buying at current levels.     
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 01, 2017, 07:29:58 AM
Quote from: Mr Anabolic on November 01, 2017, 05:50:13 AM
But most don't have the means.  If they go to 100K as you think, one coin is not going to help much.  You'll need to change your bitcoins for dollars at some point... what will a dollar be worth in 3 years?... in 10 years?

Bitcoin is a gigantic bubble.  At some point it will pop.  When it pops it'll create lots of pain for everyone who is buying at current levels.     


Only 21 million coins will ever be mined. The world has millions of millionaires already, most who have zero Bitcoin in their portfolio. No matter how much money is printed, the total number of bit coins is fixed. And longer term bitcoins won't necessarily be "exchanged for cash". Rather they will be exchanged for goods and services, instantly at the click of a phone, and with zero ability to trace or tax.

I can't wait to revisit this thread in the future...

 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on November 01, 2017, 09:22:47 AM
Quote from: gib on November 01, 2017, 07:29:58 AM

Only 21 million coins will ever be mined. until the majority holders or a hack or a govt decide to change that

The world has millions of millionaires already, most who have zero Bitcoin in their portfolio for a reason. No matter how much money is printed, the total number of bit coins is fixed. see above

And longer term bitcoins won't necessarily be "exchanged for cash". Rather they will be exchanged for goods and services if the market accepts it and if banks govts allow it, instantly at the click of a phone, and with zero ability to trace or tax. how? blockchain ledger is transparently trackable by all correct, a strength correct?



 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on November 01, 2017, 09:29:56 AM
Quote from: gib on November 01, 2017, 05:09:26 AM
Getbig is documenting history in the making.

How many will look back at this thread in 3 years and wonder "if only...".

Every person who has the means should buy just one coin of even just as a hedge to what may happen in the future ...


Go to Coinbase and try and buy a coin right now. They require just as much info as a bank to open an account and more. So much for anonymous, untraceable, etc.

Buddy of mine had about 10 coins last year but they limited his ability to buy them and it scared him off because he saw it as a fatal flaw at the time. Why would they do that?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on November 01, 2017, 09:35:50 AM
Quote from: gib on November 01, 2017, 05:02:51 AM


We are far far far from any mainstream money yet coming in other than in nominal and negligible amounts. When the banks realise how much huge money there is to be made, then we will see prices ramp up to the 100k mark, and then it will be the mainstream public who start to buy in. 



Every ponzi requires new money to keep flowing in to work. What you would call excitement I would call irrational exuberance and that is what makes me nervous. Only if there is a benefit to the banks would they displace the current dollar system for crypto. If that means they have a jubilee and wash away dollar debt that would be one scenario. But as for blockchain saving the world and being the people's money....ask yourself when have the people won over the banks ever....ever....ever?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 01, 2017, 11:41:00 AM
Quote from: gib on November 01, 2017, 07:29:58 AM
Only 21 million coins will ever be mined. The world has millions of millionaires already, most who have zero Bitcoin in their portfolio. No matter how much money is printed, the total number of bit coins is fixed. And longer term bitcoins won't necessarily be "exchanged for cash". Rather they will be exchanged for goods and services, instantly at the click of a phone, and with zero ability to trace or tax.

I can't wait to revisit this thread in the future...

Yeah, gotta keep the Ponzi scheme rolling.   

Like I've mentioned before, bitcoin could be a beta test for an all digital currency.  Not one government hasn't banned it, when they could very easily do.  But I as guess as long as you are making money, it's all good right   ::)     

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on November 01, 2017, 11:44:14 AM
Quote from: Mr Anabolic on November 01, 2017, 11:41:00 AM
Yeah, gotta keep the Ponzi scheme rolling.   

Like I've mentioned before, bitcoin could be a beta test for an all digital currency.  Not one government hasn't banned it, when they could very easily do.  But I as guess as long as you are making money, it's all good right   ::)     


If bitcoin succeeds, ether will replace it
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 01, 2017, 03:43:31 PM
Quote from: SOMEPARTS on November 01, 2017, 09:29:56 AM

Go to Coinbase and try and buy a coin right now. They require just as much info as a bank to open an account and more. So much for anonymous, untraceable, etc.

Buddy of mine had about 10 coins last year but they limited his ability to buy them and it scared him off because he saw it as a fatal flaw at the time. Why would they do that?

I think you are confusing concepts. Coinbase is an exchange. And yes in some countries exchanges are regulated. But individuals can transfer funds directly annonousmly. No one needs to know, either about the transfer, nor how much you hold.

Banks also have "fatal" flaws in that they are also required to obtain customer info. Again the whole point of Bitcoin is that it is truely scarce and truely decentralised.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 01, 2017, 03:47:11 PM
Quote from: HTexan on November 01, 2017, 11:44:14 AM
If bitcoin succeeds, ether will replace it

Well if that happened then it wouldn't be correct to say that Bitcoin has succeeded would it?

Its possible both or numerous crypto could "succeed". And who knows if that will be Bitcoin or not. My view is we will see many many crypto emerge and a few will "succeed big time" as established currencies. And the big daddy of them all is and will be Bitcoin. Time will tell!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 01, 2017, 05:03:42 PM
Just hit a new high of $6700. Just saying ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on November 01, 2017, 06:13:59 PM
So gib. How many coins do you own?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on November 01, 2017, 06:24:52 PM
In the end your responses are weak and too general to respond to, and the real response is "hey don't worry about any of that firsthand knowledge of issues it's even higher today". Irrational exuberance. I'm waiting for a good, factual response to the counterparty risk issues I've raised.

Bitcoin is the AOL of future money - a better version will come and it will be at the behest of those in power, taxed and regulated. One blip like Mt Gox again and people will be begging for oversight anyway. I have no doubt that the banks will give people 0s and 1s and call it value - that's their dream - but as for being "rare" or "decentralized" not a chance.

Also, did you see the story that Iran is looking to get more seriously into BTC? Thinks that bodes well for it's long term health? One tweet from Trump that Bitcoin is terror money and the ride is over.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 01, 2017, 06:36:47 PM
Sorry. Now $6900 ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 01, 2017, 06:37:36 PM
Quote from: El Diablo Blanco on November 01, 2017, 06:13:59 PM
So gib. How many coins do you own?

Around 20 coins.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 01, 2017, 07:11:29 PM
http://money.cnn.com/2017/11/01/investing/bitcoin-prices-futures-cme/index.html

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 01, 2017, 10:03:31 PM
Quote from: SOMEPARTS on November 01, 2017, 06:24:52 PM
In the end your responses are weak and too general to respond to, and the real response is "hey don't worry about any of that firsthand knowledge of issues it's even higher today". Irrational exuberance. I'm waiting for a good, factual response to the counterparty risk issues I've raised.

Bitcoin is the AOL of future money - a better version will come and it will be at the behest of those in power, taxed and regulated. One blip like Mt Gox again and people will be begging for oversight anyway. I have no doubt that the banks will give people 0s and 1s and call it value - that's their dream - but as for being "rare" or "decentralized" not a chance.

Also, did you see the story that Iran is looking to get more seriously into BTC? Thinks that bodes well for it's long term health? One tweet from Trump that Bitcoin is terror money and the ride is over.

On your comments on Mt Gox, that was an exchange, not a currency. And indeed, the fact none of the coins stolen from that exchange can be traced etc actually CONFIRMS the characteristics many want in Bitcoin - that is a non-trackable anonymous currency that cannot be controlled by the Government.

Bitcoins are truly and mathematically absolutely and truly "rare" and "scarce", if you understand these economic concepts.

As for "terrorists" using BTC? You do realize they also use USD right? :)

The big money is still on the sidelines - This is one of the most important things to understand. Institutional money hasn’t made its way into crypto yet. There is no way institutional investors are going to watch a liquid, tradeable, investable asset class grow in size year after year after year, and not want to be a part of it.

They won’t stay on the bench for much longer. Because existing crypto incumbents are building out everything required for big money to participate. Right now pension fund can’t make even the tiniest allocation towards crypto until a LOT of legal boxes are ticked and i’s are dotted. That’s why things like compliance, digital asset custody and cold storage, security and, of course, legal opinion is all being put in place.
This doesn’t happen overnight, but it will happen. EVERY financial institution and government is looking at but nominal amount of the "big money" are in.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: The Keto Kid on November 02, 2017, 12:31:56 AM
Up 8% since yesterday!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 02, 2017, 06:28:47 AM
Quote from: The Keto Kid on November 02, 2017, 12:31:56 AM
Up 8% since yesterday!

Broke through 7000 per coin. Yeah buddy!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on November 02, 2017, 05:03:05 PM
Quote from: gib on November 01, 2017, 06:36:47 PM
Sorry. Now $6900 ...
Nice job. Could be your retirement in few
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 02, 2017, 05:59:28 PM
Quote from: El Diablo Blanco on November 02, 2017, 05:03:05 PM
Nice job. Could be your retirement in few

Thanks! Already retired in the sense of never needing to work but always active in terms of seeking opportunities if you know what I mean :)

It's fun to watch the coins rising in any case.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 02, 2017, 08:54:24 PM
7200 ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: jude2 on November 02, 2017, 10:19:50 PM
i remember when Jim Cramer said by it at $250.  Should have listened to him.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 03, 2017, 12:02:25 AM
Really is probably one of the most obvious and easy ways to get extremely rich over the next decade.

Once coins get to over 10k per coin most people might start buying 1/10th of coins for 1000 USD.

The Bitcoin denomination actually goes right down to 0.00000001 of a Bitcoin (a so called "Santoshi"). At a certain point I expect bitcoins will be quoted in santoshis, both due to more common use in commerce and also because single coins will be worth well in excess of a million dollars.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 03, 2017, 01:31:43 AM
7300
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: manuelsonn on November 03, 2017, 02:44:51 AM
Madoff would be proud ! Great ponzi scheme!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 03, 2017, 03:14:37 AM
Quote from: manuelsonn on November 03, 2017, 02:44:51 AM
Madoff would be proud ! Great ponzi scheme!

I have one word for you: $7400 ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Meta-physical on November 03, 2017, 04:26:37 AM
Dear friends,

I really can't be bothered spending hours reading up about bitcoin, but I'd be interested in purchasing one just out of curiosity. Where do I start? I'm in the UK - any respected website I can go to and just purchase one with minimal fuckery involved? Pls halp!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Evo on November 03, 2017, 04:39:07 AM
Quote from: Meta-physical on November 03, 2017, 04:26:37 AM
Dear friends,

I really can't be bothered spending hours reading up about bitcoin, but I'd be interested in purchasing one just out of curiosity. Where do I start? I'm in the UK - any respected website I can go to and just purchase one with minimal fuckery involved? Pls halp!

Coin base is ok...

You will need ID
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Marty Champions on November 03, 2017, 04:52:03 AM
what legal things can u buy with bitcoin
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 03, 2017, 05:17:08 AM
Quote from: jude2 on November 02, 2017, 10:19:50 PM
i remember when Jim Cramer said by it at $250.  Should have listened to him.

He also said to buy/hold Bear Stearns.  The next day, the stock price dropped to $2 a share.

It was proven that a monkey throwing darts at a dart board is better stock picker than Jim Cramer.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 03, 2017, 05:20:51 AM
Quote from: gib on November 03, 2017, 03:14:37 AM
I have one word for you: $7400 ...

When the price finally does crash, you won't be able to post here fast enough to keep up with the speed of the crash.

Gigantic Ponzi tulip bubble.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: manuelsonn on November 03, 2017, 05:45:51 AM
Quote from: Marty Champions on November 03, 2017, 04:52:03 AM
what legal things can u buy with bitcoin

another bitcoins?!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on November 03, 2017, 05:55:47 AM
Quote from: Marty Champions on November 03, 2017, 04:52:03 AM
what legal things can u buy with bitcoin

Vince Goodrum had some items available to purchase through his online business if I remember correctly.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Tennisballz on November 03, 2017, 07:18:58 AM
So lets say you have 5 million in bitcoin.  How exactly do you use it?  Do you withdraw cash from approved atm's or do you just make online purchases?  Is it really usable in day to day life?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 03, 2017, 07:19:04 AM
Quote from: Meta-physical on November 03, 2017, 04:26:37 AM
Dear friends,

I really can't be bothered spending hours reading up about bitcoin, but I'd be interested in purchasing one just out of curiosity. Where do I start? I'm in the UK - any respected website I can go to and just purchase one with minimal fuckery involved? Pls halp!

You don't have to buy a full Bitcoin.

I bought a few hundred dollars worth on Luno just to have a wallet at least, they have a phone app too.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on November 03, 2017, 09:45:01 AM
Quote from: Meta-physical on November 03, 2017, 04:26:37 AM
Dear friends,

I really can't be bothered spending hours reading up about bitcoin, but I'd be interested in purchasing one just out of curiosity. Where do I start? I'm in the UK - any respected website I can go to and just purchase one with minimal fuckery involved? Pls halp!
Minimal fuckery? Download bread wallet for your phone, and go to a bitcoin atm in your area and buy with cash. The fees are a little higher. Or you can download Coinbase and buy from there, but you need to add your banking info to buy coins.

https://breadapp.com
https://coinatmradar.com/country/225/bitcoin-atm-united-kingdom/
https://www.coinbase.com/buy-bitcoin?locale=en-US
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 03, 2017, 10:36:22 AM
Quote from: HTexan on November 03, 2017, 09:45:01 AM
Minimal fuckery? Download bread wallet for your phone, and go to a bitcoin atm in your area and buy with cash. The fees are a little higher. Or you can download Coinbase and buy from there, but you need to add your banking info to buy coins.

https://breadapp.com
https://coinatmradar.com/country/225/bitcoin-atm-united-kingdom/
https://www.coinbase.com/buy-bitcoin?locale=en-US


With Luno you pay the money into their account which then goes into your wallet to buy bitcoins with, this is an option for those who don't want to put their full bank details up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Meta-physical on November 03, 2017, 11:47:54 AM
Evo, HTexan, Griffith: thanks for the help. I've a little bit of surplus cash sitting in the bank, and it isn't much use in an ISA. I'll go ahead and buy a bitcoin (or a chunk of one) and see what happens.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on November 03, 2017, 11:59:55 AM
Quote from: Meta-physical on November 03, 2017, 11:47:54 AM
Evo, HTexan, Griffith: thanks for the help. I've a little bit of surplus cash sitting in the bank, and it isn't much use in an ISA. I'll go ahead and buy a bitcoin (or a chunk of one) and see what happens.

Invest in Caliber Fitness Solutions.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Powerlift66 on November 03, 2017, 12:11:22 PM
I use coinbase to buy,and xfer to blockchain... (Coinbase will close your account if the suspect anything unethical). Once in Blockchain, you can do what you want (for now at least).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Meta-physical on November 03, 2017, 05:08:15 PM
Quote from: SF1900 on November 03, 2017, 11:59:55 AM
Invest in Caliber Fitness Solutions.
Given the phenomenal success of Vince's recent YouTube venture, this may be a very wise investment indeed! If Vince Goodrum, CSN, MFT, HPP, CEO is prepared to accept the video request that I proposed earlier, then I would be happy to stop reporting his channel and talk business with him instead.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on November 03, 2017, 08:32:05 PM
Quote from: Griffith on November 03, 2017, 10:36:22 AM
With Luno you pay the money into their account which then goes into your wallet to buy bitcoins with, this is an option for those who don't want to put their full bank details up.
Really? sweet I’ll check them out.

Quote from: Meta-physical on November 03, 2017, 11:47:54 AM
Evo, HTexan, Griffith: thanks for the help. I've a little bit of surplus cash sitting in the bank, and it isn't much use in an ISA. I'll go ahead and buy a bitcoin (or a chunk of one) and see what happens.
FYI the price of bitcoins in high right now. You might be better off waiting to see if the price drops or invest in something less risky.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 03, 2017, 08:35:19 PM
Quote from: HTexan on November 03, 2017, 08:32:05 PM
Really? sweet I’ll check them out.
FYI the price of bitcoins in high right now. You might be better off waiting to see if the price drops or invest in something less risky.

Huh? I know you mean well, but how can you conclude that the price is high right now? So tell me how do you value a Bitcoin to conclude its "high". Others would say that if you understand what will happen next few years with the decentralisation of money, that btc price is an absolute bargain right now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on November 03, 2017, 08:35:53 PM
Quote from: Powerlift66 on November 03, 2017, 12:11:22 PM
I use coinbase to buy,and xfer to blockchain... (Coinbase will close your account if the suspect anything unethical). Once in Blockchain, you can do what you want (for now at least).
Coinbase has shitty customer support too. I transfer most of my stuff from there in a hurry.
Quote from: gib on November 03, 2017, 08:35:19 PM
Huh? I know you mean well, but how can you conclude that the price is high right now? So tell me how do you value a Bitcoin to conclude its "high". Others would say that if you understand what will happen next few years with the decentralisation of money, that btc price is an absolute bargain right now.
Very true. Nope. No one knows. Hell prices could be 10 grand tomorrow. The thing is bitcoin is only worth what people are will pay for it. IMO it is a good investment. I wish I bought more years go. I thought the price was high then too. Lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 03, 2017, 09:01:28 PM
Quote from: HTexan on November 03, 2017, 08:35:53 PM
Coinbase has shitty customer support too. I transfer most of my stuff from there in a hurry. Very true. Nope. No one knows. Hell prices could be 10 grand tomorrow. The thing is bitcoin is only worth what people are will pay for it. IMO it is a good investment. I wish I bought more years go. I thought the price was high then too. Lol

Yep agree. Will surely get a huge amount of publicity when it hits the 10K mark. Wouldn't surprise me if it hits 10k by end of the year.

Yes don't we all wish we had bought more. Still it's early days in my opinion. We could see some real mass adoption over the next few years. With the mathematical limit on coins and more wanting in is obvious the price will keep rising.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on November 03, 2017, 09:04:51 PM
At the rate it is rising - not hitting 10k by year end would be a disappointment and scare some of you gamblers off.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 03, 2017, 09:34:00 PM
Quote from: SOMEPARTS on November 03, 2017, 09:04:51 PM
At the rate it is rising - not hitting 10k by year end would be a disappointment and scare some of you gamblers off.

Haha. Well of course once invested in everyone would like to see it rise. But i agree it's really nonsense to make forecasts about specific future valuations on dates. What one can forecast though is whether over the long term bitcoins will go up, or become worthless. Those are the two basic long term scenarios. Either it does go mainstream and revolutionise the way we transact and the way we store value, or it becomes entirely worthless. If the former scenario occurs every single person who owns a single
Bitcoin will be in extreme positions of wealth and power and very wealthy indeed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on November 03, 2017, 10:31:21 PM
At 10k I would have to say I would sell half of what I had. I assume people who are holding that bought for $400-600 last year aren't the same people buying at 7k. That's where I have an issue. It's pure speculation based on the newcomer's influx of money. Last year I was watching it and was curious if it would run at parity with gold. When it blasted past that to maybe 3200 or 3300 I thought that was nuts. It was making higher highs and higher lows but 10k is such a mental barrier number I wonder who cashes at that point. You have to ask yourself about the sloshing of money out there trying to find gains in ZIRP enviroment as well as hot money from Asia. If things change...will people hold or run for the exits? That's what dictates if it will have staying power or go to zero IMO.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on November 04, 2017, 12:18:03 AM
I am a crypto doubter but I am curious about Litecoin. Second in market cap and probably the first to benefit if BTC has a catastrophic issue. Of course the price looks at lot better than BTC as well....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 04, 2017, 03:21:32 AM
Quote from: SOMEPARTS on November 04, 2017, 12:18:03 AM
I am a crypto doubter but I am curious about Litecoin. Second in market cap and probably the first to benefit if BTC has a catastrophic issue. Of course the price looks at lot better than BTC as well....

Suggest you consider Bitcoin as #1. We will see an infinate number of crypto coins created but ultimately there will be a single major and dominant currency. At the gravitational pull indicates it will be bitcoin. (Remember Betamax vs VHS? Or Friendster vs Facebook? Or Getbig vs Bodybuilding.com? (Ok the latter is a joke, but you get the point).

If you are interested in cheaper alternatives suggest you consider a derivative of Bitcoin called Bitcoin Cash.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 04, 2017, 04:52:18 AM
Quote from: gib on November 04, 2017, 03:21:32 AM
Suggest you consider Bitcoin as #1. We will see an infinate number of crypto coins created but ultimately there will be a single major and dominant currency. At the gravitational pull indicates it will be bitcoin. (Remember Betamax vs VHS? Or Friendster vs Facebook? Or Getbig vs Bodybuilding.com? (Ok the latter is a joke, but you get the point).

If you are interested in cheaper alternatives suggest you consider a derivative of Bitcoin called Bitcoin Cash.

What are your views on a potential 'speculative attack' on Bitcoin?

Either by large banks or governments? They do it on currencies, forcing them to crash and buy cheap or simply to do political or economic damage.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 04, 2017, 05:41:51 AM
Quote from: Griffith on November 04, 2017, 04:52:18 AM
What are your views on a potential 'speculative attack' on Bitcoin?

Either by large banks or governments? They do it on currencies, forcing them to crash and buy cheap or simply to do political or economic damage.

Speculative is the key word.  Bitcoins are nothing more than digital vaporware.  It does not have any worth or intrinsic value.  Notice how they are called "coins" and are gold in color... gee, I wonder why that is?   ::) 

$7000 for digital vaporware coin.  This is the bubble of all bubbles.  When it pops (and it eventually will), billions of dollars in wealth will disappear and the majority of bitcoin "investors" will be wailing and gnashing their teeth.   
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on November 04, 2017, 07:47:07 AM
Quote from: Griffith on November 04, 2017, 04:52:18 AM
What are your views on a potential 'speculative attack' on Bitcoin?

Either by large banks or governments? They do it on currencies, forcing them to crash and buy cheap or simply to do political or economic damage.


Well the us government is thinking about making their own cryptocurrency, kind of defeats the point of bitcoin. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on November 04, 2017, 05:16:07 PM
Quote from: HTexan on November 04, 2017, 07:47:07 AM
Well the us government is thinking about making their own cryptocurrency, kind of defeats the point of bitcoin. 


That's the point I make is that it is an active speculative instrument, it is not digital gold. There has to be an exit point if you believe the tech is revolutionary, because BTC is flawed and should be replaced by a better platform. Will it be replaced by a bank/govt coin? Probably. When have the people ever beat the banks at their own game? Never...because the govts act on their behalf. Guess who invented SHA256, which is the backbone of Bitcoin? The N S A...yes that one. Given that the "guy" that invented Bitcoin doesn't even exist, who do you think implemented all this?

As for the comparison of Litecoin to Bitcoin as Gib said - Betamax to VHS...not exactly true. Beta was the better version but the adoption of VHS was in part due to Sony being stupid with their platform and being outmaneuvered by JVC. In no way did the consumer decide the outcome on that it was all behind the scenes.

Litecoin already has the tech fixes in place that Bitcoin needs and it doesn't run on SHA256. I did some research on segwit, lightning and 4x hash rates and all that and it would seem that BTC is going to have a hard time adopting these huge changes without issues. Not to mention the developer has a real name and he came from Google. In tech everything can change very quickly. This is software after all, how old is the oldest version of software on any device you own? A few years at most usually. I think sitting on a lot of Bitcoin is a very big risk indeed, just as I would with any single speculative vehicle.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 04, 2017, 07:57:42 PM
Quote from: Griffith on November 04, 2017, 04:52:18 AM
What are your views on a potential 'speculative attack' on Bitcoin?

Either by large banks or governments? They do it on currencies, forcing them to crash and buy cheap or simply to do political or economic damage.



Right now it's not possible to attack Bitcoin, as there are not any feasible derivatives to enable one to "short" Bitcoin. Any buying will push up price. And mass sell-off would cost a bank big time and be pointless as eventually price would bounce back. It would be possible to cause short term volatility though (either by rapid large scale buying and selling). I believe this is happening already. Short term it causes price volatility but long term the price direction will remain upwards.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 04, 2017, 08:55:09 PM
Quote from: Mr Anabolic on November 04, 2017, 05:41:51 AM
Speculative is the key word.  Bitcoins are nothing more than digital vaporware.  It does not have any worth or intrinsic value.  Notice how they are called "coins" and are gold in color... gee, I wonder why that is?   ::) 

$7000 for digital vaporware coin.  This is the bubble of all bubbles.  When it pops (and it eventually will), billions of dollars in wealth will disappear and the majority of bitcoin "investors" will be wailing and gnashing their teeth.   

You do realise that USD notes are simply worthless pieces of paper to which we attribute some kind of value to because it has a number printed on it right? ($10, $20 etc). And you do realise that the Government can print literally an infinate amount of these right? The USD is "paperware". Bitcoin is on the other hand truely limited in its supply due to its algorithm. And so it's value cannot be stolen or diluted by the Government. It is for this reason that more and more people are putting their trust into bitcoins rather than old fashioned and outmoded pieces of paper. We will look back in time and think how rediculous it was to use paper as a currency and how much of a scam this was on society.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 05, 2017, 03:32:05 AM
7500...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 05, 2017, 11:23:42 AM
What about ethereum?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on November 05, 2017, 11:32:16 AM
Quote from: Griffith on November 05, 2017, 11:23:42 AM
What about ethereum?
IMO Ethereum is better then bitcoin but bitcoin is the gold standard. If bitcoin fails, it will hurt all cryptocurrencies.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 05, 2017, 02:08:11 PM
Quote from: HTexan on November 05, 2017, 11:32:16 AM
IMO Ethereum is better then bitcoin but bitcoin is the gold standard. If bitcoin fails, it will hurt all cryptocurrencies.

Yes agree. Bitcoin has the gravitational mass and is both the entry point for any crypto buyer as well as where all the big money will flow to when it comes. It also has the most significant infrastructure built around it in terms of adoption. I'm 100% btc, but a slightly less conservative approach might be 75% btc and 25 eth. An even less conservative approach is something like 60% btc , 30% eth, 10% other. But again I think btc is where it's at for the coming decade.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on November 07, 2017, 11:06:09 AM
Yeah, Ethereum is great:

http://www.zerohedge.com/news/2017-11-07/ethereum-slides-after-coding-bug-freezes-wallets-containing-280-million


Gib avoiding my last post like Shizzo avoids sobriety checkpoints.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: The Keto Kid on November 08, 2017, 09:44:29 AM
Up 10.3% since yesterday wtf?? I've almost tripled my initial investment in little over a month!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Rascal full on November 08, 2017, 10:27:19 AM
Why are there only a set amount of Bit coins that can be 'mined?' I don't understand this and not sure whether that is factual information or not. Can someone tell me please?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 08, 2017, 02:50:02 PM
$7600 ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 08, 2017, 03:58:36 PM
Quote from: Rascal full on November 08, 2017, 10:27:19 AM
Why are there only a set amount of Bit coins that can be 'mined?' I don't understand this and not sure whether that is factual information or not. Can someone tell me please?

Yes. There is a mathematical limit as to how much can ever be mined. As opposed to the USD which can be printed in unlimited amounts (just effectively stealing from the people by devaluing their savings and giving money to those closest to those in power eg banks, Politicians, military). This is why people are increasingly putting their assets into bitcoins and why more are accepting bitcoins as payments. And this is why bitcoins will rapidly increase in value vs the USD which will decrease.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 08, 2017, 08:09:35 PM
Quote from: SOMEPARTS on November 04, 2017, 05:16:07 PM

That's the point I make is that it is an active speculative instrument, it is not digital gold. There has to be an exit point if you believe the tech is revolutionary, because BTC is flawed and should be replaced by a better platform. Will it be replaced by a bank/govt coin? Probably. When have the people ever beat the banks at their own game? Never...because the govts act on their behalf. Guess who invented SHA256, which is the backbone of Bitcoin? The N S A...yes that one. Given that the "guy" that invented Bitcoin doesn't even exist, who do you think implemented all this?

As for the comparison of Litecoin to Bitcoin as Gib said - Betamax to VHS...not exactly true. Beta was the better version but the adoption of VHS was in part due to Sony being stupid with their platform and being outmaneuvered by JVC. In no way did the consumer decide the outcome on that it was all behind the scenes.

Litecoin already has the tech fixes in place that Bitcoin needs and it doesn't run on SHA256. I did some research on segwit, lightning and 4x hash rates and all that and it would seem that BTC is going to have a hard time adopting these huge changes without issues. Not to mention the developer has a real name and he came from Google. In tech everything can change very quickly. This is software after all, how old is the oldest version of software on any device you own? A few years at most usually. I think sitting on a lot of Bitcoin is a very big risk indeed, just as I would with any single speculative vehicle.

Wasn't ignoring your post. But here you go - hope this help - https://www.coindesk.com/information/comparing-litecoin-bitcoin/ The tech on bit coin is fine (can and was also modified to create new coins - Bitcoin Cash for example, that addresses transaction speed).

Not sure what the relevance is of your belief in who invented Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on November 09, 2017, 06:46:32 AM
Crazy how high it’s going. Who are the billionaire buying this up to run the price high?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 09, 2017, 12:07:57 PM
If the value of Bitcoin can stay relatively stable it could be a great way to hedge against currency depreciation, especially for those using weaker and more volatile currencies.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 09, 2017, 03:29:55 PM
Quote from: Griffith on November 09, 2017, 12:07:57 PM
If the value of Bitcoin can stay relatively stable it could be a great way to hedge against currency depreciation, especially for those using weaker and more volatile currencies.


How? 

Paper money is a ghost of value, and bitcoin is an illusion of a ghost of value. 

Bitcoin is a digital illusion.  Created from nothing, backed by nothing... worth NOTHING.

People are eventually going to learn the hard way... for most it will be a very hard, painful lesson.  Then maybe, just maybe they'll wake up and realize the truth.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on November 09, 2017, 03:32:28 PM
Quote from: Mr Anabolic on November 09, 2017, 03:29:55 PM
How? 

Paper money is a ghost of value, and bitcoin is an illusion of a ghost of value. 

Bitcoin is a digital illusion.  Created from nothing, backed by nothing... worth NOTHING.

People are eventually going to learn the hard way... for most it will be a very hard, painful lesson.  Then maybe, just maybe they'll wake up and realize the truth.
Bitcoin is not limited to one country
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 09, 2017, 03:47:12 PM
Quote from: HTexan on November 09, 2017, 03:32:28 PM
Bitcoin is not limited to one country

Either are bananas.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 09, 2017, 05:33:38 PM
Quote from: Griffith on November 09, 2017, 12:07:57 PM
If the value of Bitcoin can stay relatively stable it could be a great way to hedge against currency depreciation, especially for those using weaker and more volatile currencies.


Agree. Although it’s doing better than staying stable. It’s rapidly appreciating - so much better than just a hedge.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 09, 2017, 05:48:26 PM
Quote from: Mr Anabolic on November 09, 2017, 03:47:12 PM
Either are bananas.

And your point is...?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 09, 2017, 06:51:00 PM
Quote from: El Diablo Blanco on November 09, 2017, 06:46:32 AM
Crazy how high it’s going. Who are the billionaire buying this up to run the price high?

Right now is still primarily being driven by tech geeks and little people. The big money will be moving in by 2020 though. That era will likely take the market price to over usd 100K per coin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 10, 2017, 04:10:43 AM
Quote from: gib on November 09, 2017, 06:51:00 PM
Right now is still primarily being driven by tech geeks and little people. The big money will be moving in by 2020 though. That era will likely take the market price to over usd 100K per coin.

You are fantasizing.

As I mentioned earlier in this thread... when the avalanche of sell orders come in and everyone is looking for an exit at the same time... they not be able to sell and most will get their faces ripped off.   You'll be saying to yourself: "Why the fuck didn't I sell at $7800?"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on November 10, 2017, 05:48:11 AM
It seems the B Coin has dropped 8% in the last 12 hours.  Is this the beginning of the end?  If people start panicking and selling, it will surely crash.  You guys better sell.   :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on November 10, 2017, 06:28:46 AM
Quote from: Twaddle on November 10, 2017, 05:48:11 AM
It seems the B Coin has dropped 8% in the last 12 hours.  Is this the beginning of the end?  If people start panicking and selling, it will surely crash.  You guys better sell.   :D
Starting to pick up again good time to buy when prices are low guys
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 10, 2017, 12:19:42 PM
Bitcoin went down a 1000 dollars today.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 10, 2017, 12:38:51 PM
Quote from: Griffith on November 10, 2017, 12:19:42 PM
Bitcoin went down a 1000 dollars today.

That's only a warm-up compared to what is eventually coming.  It could be this week, next month or next year, but a collapse is inevitable.

There's always some ridiculous, convoluted, complicated story to prop up and bolster every Ponzi scheme.  The people who buy in close to the top always try to justify it claiming "new paradigm" or "this time it's different".  It's never different this time.  Manias are manias no matter what it is.  You can only keep inflating a bubble for so long until it pops.  When the last of the greater fools finally get in, that's when it's over.  Those who got in first make all the money and those who bought at the top get wiped out.  

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on November 11, 2017, 07:29:17 AM
Tulipy?

Jack's Magic Beans??

Or legit wealth builder??

(http://mm.aiircdn.com/120/59de30ebb4746.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 11, 2017, 10:53:44 AM
Quote from: polychronopolous on November 11, 2017, 07:29:17 AM
Tulipy?

Jack's Magic Beans??

Or legit wealth builder??

Beanie Babies began to emerge as popular collectibles in late 1995, and became a hot toy.[7] The company's strategy of deliberate scarcity, producing each new design in limited quantity, restricting individual store shipments to limited numbers of each design and regularly retiring designs, created a huge secondary market for the toys and increased their popularity and value as a collectible.[2]

Ty systematically retired various designs, and many people assumed that all "retired" designs would rise in value the way that early retirees had. The craze lasted through 1999 and slowly declined after the Ty company announced that they would no longer be making Beanie Babies and made a bear called "The End".[8] Some time after the original announcement that the company would stop production, Ty asked the public to vote on whether the product should continue; fans and collectors voted "overwhelmingly" to keep the toys on the market.[2]

At its height of popularity people would flip Beanies at as much as ten-fold on eBay.[9] Indeed, at the height, Beanies made up 10% of eBay's sales.[10] Some collectors insured their purchases for a price in the thousands.[9]
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on November 11, 2017, 10:01:25 PM
Bitcoin now down about $2000 from the highs.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 11, 2017, 10:01:55 PM
Bitcoin at 5800 dollars now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 12, 2017, 04:53:20 AM
Quote from: Griffith on November 11, 2017, 10:01:55 PM
Bitcoin at 5800 dollars now.

Then $5600, then it recovered to $6400 after Asians bought the dip.  Just temporary though.  Already shipping back down.  The froth is melting off.    

A lesson in psychology...
Notice how the bitcoin cheerleaders stopped posting after the price dumped.  Wait until the price falls back to $1000, you'll never see them post in this thread again, just as I predicted a few messages back.  

I've been trading for 25 years.  The #1 reason people lose money is greed.  Pigs eventually get slaughtered.    
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Rascal full on November 12, 2017, 05:04:43 AM
Quote from: Mr Anabolic on November 12, 2017, 04:53:20 AM
Then $5600, then it recovered to $6400 after Asians bought the dip.  Just temporary though.  Already shipping back down.  The froth is melting off.    

A lesson is phycology...
Notice how the bitcoin cheerleaders stopped posting after the price dumped.  Wait until the price falls back to $1000, you'll never see them post in this thread again, just as I predicted a few messages back.  

I've been trading for 25 years.  The #1 reason people lose money is greed.  Pigs eventually get slaughtered.    

It will be interesting to see whether it recovers the lost ground or if $7,800 turns out to be the pinnacle. You seem to know your stuff, I have only recently discovered trading but absolutely love it and am fascinated by it. Do you day trade or hold your positions long term or a mixture? I am slowly discovering the rules of different types of trades and finding out the costs of leaving trades open over night and over the weekend, that kind of thing. Can you give me some advice on it please? What is the ideal rule of thumb for leaving a trade overnight?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 12, 2017, 05:05:57 AM
Quote from: Mr Anabolic on November 12, 2017, 04:53:20 AM
Then $5600, then it recovered to $6400 after Asians bought the dip.  Just temporary though.  Already shipping back down.  The froth is melting off.    

A lesson is phycology...
Notice how the bitcoin cheerleaders stopped posting after the price dumped.  Wait until the price falls back to $1000, you'll never see them post in this thread again, just as I predicted a few messages back.  

I've been trading for 25 years.  The #1 reason people lose money is greed.  Pigs eventually get slaughtered.    

I also predict they'll be former bitcoin millionaires taking swan dives off tall buildings.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 12, 2017, 05:15:59 AM
Quote from: Mr Anabolic on November 12, 2017, 05:05:57 AM
I also predict they'll be former bitcoin millionaires taking swan dives off tall buildings.


Some people have even invested most of their life savings in Bitcoin...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 12, 2017, 05:19:52 AM
Quote from: Griffith on November 12, 2017, 05:15:59 AM
Some people have even invested most of their life savings in Bitcoin...

Bad idea... never go full retard.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 12, 2017, 06:14:22 AM
Quote from: Rascal full on November 12, 2017, 05:04:43 AM
It will be interesting to see whether it recovers the lost ground or if $7,800 turns out to be the pinnacle. You seem to know your stuff, I have only recently discovered trading but absolutely love it and am fascinated by it. Do you day trade or hold your positions long term or a mixture? I am slowly discovering the rules of different types of trades and finding out the costs of leaving trades open over night and over the weekend, that kind of thing. Can you give me some advice on it please? What is the ideal rule of thumb for leaving a trade overnight?

Trading can be fun and lucrative.  Money management skills are crucial.  I've made money and I've lost money.  Fortunately, I made more than I lost.  

There are all kinds of trading system and styles out there and I've used practically all of them.  I prefer to be out by 4pm, so I mostly favored day trading and scalping.  I hardly ever leave a trade on overnight, and never over the weekend.  Too many things can go wrong.  You can put stops in, but the market can gap down overnight and blow through your stop (i.e. the stop never gets triggered).  You can also buy put options against your long positions, but this can be complicated if you are a beginner.  Also, do not use margin or over-leverage yourself.  If the trade goes underwater, you can wipe out your entire account.  I know a guy that did this, he lost 200K in one day during the dot.com bubble.  He had a hard time explaining that to his wife.  I only day trade with money I could afford to lose.  I have core portfolios that I still maintain today... mostly blue chip and utility stocks that all pay dividends.  

Besides day trading, I'm a big believer in contrary investing.  I accumulate and take long positions in the most hated asset classes, then I just wait.  Patience is the key.  This is how Warren Buffett (before he became a inside trading political hack) and Jim Rogers made most of their billions.

Over the past couple years I've been accumulating a position in precious metals.  They've been heavily manipulated (held down) over the last 6-7 years.  Silver is currently one of the most undervalued assets on the planet right now.  These markets are so manipulated now and algos are running the whole show.  It could take years for a stock market crash to materialize.  Then again, it could happen tomorrow.   Extreme patience is required.  Sometime after the crash I'll start buying stocks again.  There are cycles to every asset class.  Following the herd will work for a while, but when things go south the majority usually get caught flat-footed.  It's all a matter of timing.  
 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on November 12, 2017, 08:50:13 AM
Bitcoin Cash is deflating Bitcoin I would guess. I already warned about dilution of the brand. Here it is.

There's nothing stopping anybody from continually making a new "Bitcoin X" that is new and improved technology, and then the money flowing into that. Decentralized also means no way to legally defend against that.

So much for crypto as a store of value. "Digital Gold" my ass. Haha. Speaking of that "Bitcoin Gold" comes out tomorrow. Seriously.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Rascal full on November 12, 2017, 10:34:14 AM
Quote from: Mr Anabolic on November 12, 2017, 06:14:22 AM
Trading can be fun and lucrative.  Money management skills are crucial.  I've made money and I've lost money.  Fortunately, I made more than I lost.  

There are all kinds of trading system and styles out there and I've used practically all of them.  I prefer to be out by 4pm, so I mostly favored day trading and scalping.  I hardly ever leave a trade on overnight, and never over the weekend.  Too many things can go wrong.  You can put stops in, but the market can gap down overnight and blow through your stop (i.e. the stop never gets triggered).  You can also buy put options against your long positions, but this can be complicated if you are a beginner.  Also, do not use margin or over-leverage yourself.  If the trade goes underwater, you can wipe out your entire account.  I know a guy that did this, he lost 200K in one day during the dot.com bubble.  He had a hard time explaining that to his wife.  I only day trade with money I could afford to lose.  I have core portfolios that I still maintain today... mostly blue chip and utility stocks that all pay dividends.  

Besides day trading, I'm a big believer in contrary investing.  I accumulate and take long positions in the most hated asset classes, then I just wait.  Patience is the key.  This is how Warren Buffett (before he became a inside trading political hack) and Jim Rogers made most of their billions.

Over the past couple years I've been accumulating a position in precious metals.  They've been heavily manipulated (held down) over the last 6-7 years.  Silver is currently one of the most undervalued assets on the planet right now.  These markets are so manipulated now and algos are running the whole show.  It could take years for a stock market crash to materialize.  Then again, it could happen tomorrow.   Extreme patience is required.  Sometime after the crash I'll start buying stocks again.  There are cycles to every asset class.  Following the herd will work for a while, but when things go south the majority usually get caught flat-footed.  It's all a matter of timing.  
 

Thanks very much for taking the time to write this reply, very useful info and much appreciated.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 13, 2017, 07:20:54 AM
Bitcoin Cash, Bitcoin Gold, these 'forks' increase volatility and create uncertainty and is a major downside at the moment with these cryptocurrencies.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 14, 2017, 01:37:53 PM
Any updates?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 14, 2017, 03:45:11 PM
Quote from: Griffith on November 14, 2017, 01:37:53 PM
Any updates?

My crystal ball says Gib is waiting for $8000 before he posts again, so he can say "new highs... I told you so!". 

After that he'll say $100K is right around the corner. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 16, 2017, 10:25:16 AM
$7700. Hope you guys bought ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 16, 2017, 11:23:18 AM
Quote from: gib on November 16, 2017, 10:25:16 AM
$7700. Hope you guys bought ...

There he is... right on schedule.

You forgot to mention it's going to $100K.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on November 16, 2017, 01:14:02 PM
All the banks and credit cards are developing blockchain as we speak.

IRS is on Coinbase for customer info to tax gains. There is no such thing as easy money on a totally trackable format.

http://www.zerohedge.com/news/2017-11-13/irs-puzzled-why-out-500000-coinbase-users-only-900-reported-gains-or-losses
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 16, 2017, 02:31:55 PM
$7800 ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 16, 2017, 03:30:14 PM
$7900 ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 16, 2017, 04:24:27 PM
Quote from: SOMEPARTS on November 16, 2017, 01:14:02 PM
All the banks and credit cards are developing blockchain as we speak.

IRS is on Coinbase for customer info to tax gains. There is no such thing as easy money on a totally trackable format.

http://www.zerohedge.com/news/2017-11-13/irs-puzzled-why-out-500000-coinbase-users-only-900-reported-gains-or-losses
Just sell peer to peer. No way it can be tracked. Only tracked if you sell via a US exchange. As to whether gains you make on the bitcoin currency are taxable it seems likely not (unless you are classified by IRS as a “professional trader”. Just so it offshore if you are concerned or go peer to peer.
 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on November 16, 2017, 05:17:56 PM
Gib rolling on hundies laid out on his bed with hot Russian shores.  Well done sir.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 16, 2017, 05:28:35 PM
Quote from: El Diablo Blanco on November 16, 2017, 05:17:56 PM
Gib rolling on hundies laid out on his bed with hot Russian shores.  Well done sir.

Thank you. And goodrim probably also making good use of his $$$ also :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on November 16, 2017, 05:48:08 PM
Political turmoil and an apparent coup have pushed the price of Bitcoin as high as $13,000 on a digital currency exchange in Zimbabwe -- nearly twice the going rate in global markets.
Demand surged on Golix, which appears to be the only local Bitcoin exchange, after military leaders put 93-year-old leader Robert Mugabe under house arrest.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on November 16, 2017, 05:48:50 PM
Quote from: gib on November 16, 2017, 05:28:35 PM
Thank you. And goodrim probably also making good use of his $$$ also :)

He’s rolling on rubber dildos on his futon.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 16, 2017, 06:29:36 PM
Quote from: El Diablo Blanco on November 16, 2017, 05:48:08 PM
Political turmoil and an apparent coup have pushed the price of Bitcoin as high as $13,000 on a digital currency exchange in Zimbabwe -- nearly twice the going rate in global markets.
Demand surged on Golix, which appears to be the only local Bitcoin exchange, after military leaders put 93-year-old leader Robert Mugabe under house arrest.

Yep. Every African with access to a mobile phone will be starting to buy over over the next few years. Give it some time. We are going to see one hell of a gain in the bitcoin currency in the coming years.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 17, 2017, 03:01:02 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Henda on November 17, 2017, 04:23:24 AM
Had Vince Goodrum not recommended investing in bitcoin years ago many more getbiggers could have profited from its growth, instead it was laughed off as the latest hare brained scheme from the resident idiot who at the time was so poor he had to photoshop clothes onto a photo of himself to hide the tattered rags he was wearing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 17, 2017, 07:16:50 AM
Well I benefited big time from goodrim. He made me
More than 100kmready!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Xesmub on November 17, 2017, 07:45:02 AM
Quote from: RJ DRIVER on December 20, 2013, 05:20:28 AM
Bitcoin is the currency of the future. Early investors will be multi millionaires.

Getbiggers were calling this a very long time ago
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 17, 2017, 07:57:09 AM
Quote from: Xesmub on November 17, 2017, 07:45:02 AM
Getbiggers were calling this a very long time ago

It's not currency... it's one of the largest Ponzi bubbles ever created. 

Those who bought at the beginning are the ones who make most of the money, those buying now will eventually get hosed.  You have these "buy the dip" gamblers coming in and buying every time there is a major dip.  When that dries up and the majority wants to sell all around the same time, that's when the Ponzi collapses and the bubble pops.

When you cash in, just make sure to declare it with the IRS.  They are tightening the screws.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 17, 2017, 08:30:04 AM
Quote from: Mr Anabolic on November 17, 2017, 07:57:09 AM
It's not currency... it's one of the largest Ponzi bubbles ever created. 

Those who bought at the beginning are the ones who make most of the money, those buying now will eventually get hosed.  You have these "buy the dip" gamblers coming in and buying every time there is a major dip.  When that dries up and the majority wants to sell all around the same time, that's when the Ponzi collapses and the bubble pops.

When you cash in, just make sure to declare it with the IRS.  They are tightening the screws.

Educate yourself. Do some research. We are still at the very very beginning. Anyone how buys a single coin now will be absolutely set for life in 5 years time. It’s so so obvious. Please don’t ignore this chance to be part of the monetary revolution.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mitch on November 17, 2017, 02:24:30 PM
the bigger the bubble, the harder the fall.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on November 17, 2017, 02:27:04 PM
Latest push sparked by FOMO “investors” coming in late to the game?

Will We see 10k by Christmas?

Will bitcoin even be around in 10 to 20 years??
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 17, 2017, 02:48:38 PM
Quote from: gib on November 17, 2017, 08:30:04 AM
Educate yourself. Do some research. We are still at the very very beginning. Anyone how buys a single coin now will be absolutely set for life in 5 years time. It’s so so obvious. Please don’t ignore this chance to be part of the monetary revolution.

I don't need to do any research because I know a Ponzi mania bubble when I see it.  Read my earlier posts.  Bitcoin is not money, it's gambling casino vaporware for speculators and tech-nerd snowflakes.  

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: mazrim on November 17, 2017, 03:18:18 PM
I invest every other paycheck in bitcoin.............

I tried to pay my mortgage with it but the bank wouldn't accept it!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 17, 2017, 03:40:51 PM
Quote from: mazrim on November 17, 2017, 03:18:18 PM
I invest every other paycheck in bitcoin.............

I tried to pay my mortgage with it but the bank wouldn't accept it!!

Get some silver too for diversification. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on November 17, 2017, 04:26:39 PM
Ok I’m buying a bitcoin.What is the best place to use to buy one?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 17, 2017, 04:37:49 PM
Coinbase is very easy to buy on.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on November 17, 2017, 07:10:46 PM
Quote from: robcguns on November 17, 2017, 04:26:39 PM
Ok I’m buying a bitcoin.What is the best place to use to buy one?


Make sure you buy at the absolute top that you can, haha.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 17, 2017, 07:21:53 PM
No matter what price you buy at now it will be way way higher over the next few years. The main thing is just to get in. Every getbigger should make sure they own at least one coin as a safety hedge for the future.

With an iphone I can now travel the world and have instant access to any local currency via my bitcoin wallet.  No need for credit cards, cash machines that don’t accept cards, etc. Bit coin will play a very important role in the future. Only a matter of time before we see it quoted in mainstream press alongside gold and silver etc.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 17, 2017, 07:36:27 PM
Quote from: Mr Anabolic on November 17, 2017, 07:57:09 AM
It's not currency... it's one of the largest Ponzi bubbles ever created. 

Those who bought at the beginning are the ones who make most of the money, those buying now will eventually get hosed.  You have these "buy the dip" gamblers coming in and buying every time there is a major dip.  When that dries up and the majority wants to sell all around the same time, that's when the Ponzi collapses and the bubble pops.

When you cash in, just make sure to declare it with the IRS.  They are tightening the screws.

I guarantee that you will be using and owning bitcoins. It’s just a matter of when. Not if. And you will be wishing you had bought earlier. The price will eventually stabilize but with massive upside before then.

Please take a listed to this presentation (if only for the brilliant reference to people of Goodrim’s race between the 25-27 minute mark :)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on November 17, 2017, 07:43:51 PM
In 5-10 years...the only way Bitcoin will be around is if it is fully regulated and taxed. Hopefully Gib will post the 60k bill from the IRS on his 2017 gains when that hits the mailbox.

I have no doubt we are headed for valueless and fully tracked one world money stored on your phone and then on a chip implant. I do doubt it will be Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 17, 2017, 10:19:59 PM
Quote from: SOMEPARTS on November 17, 2017, 07:43:51 PM
In 5-10 years...the only way Bitcoin will be around is if it is fully regulated and taxed. Hopefully Gib will post the 60k bill from the IRS on his 2017 gains when that hits the mailbox.

I have no doubt we are headed for valueless and fully tracked one world money stored on your phone and then on a chip implant. I do doubt it will be Bitcoin.

I don’t pay taxes as I now live outside of the US. I few sorry for those that do though. Bitcoin trading will go peer to peer so I can’t see how any “gain” will be tracked or taxed unless you declare it or do it via a regulated exchange or bank. If the latter then just like gold or other assets same principle will apply.

Yes the Govt will come out with a “fed coin” but this will only enhance interest in bitcoin as bit coin is decentralised and cannot be devalued and is truely “scarce” whereas fed coin can be devalued.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on November 17, 2017, 10:25:52 PM
Quote from: gib on November 17, 2017, 04:37:49 PM
Coinbase is very easy to buy on.
Coinbase support sucks. They also cancelled my order a few days ago when I tried to buy low, for no reason.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 17, 2017, 10:42:31 PM
Then buy elsewhere...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on November 18, 2017, 08:07:58 AM
Can someone help me here?Ive been trying to buy other cryptos all night and I can’t figure this shit out at all.any help is appreciated.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 18, 2017, 08:35:10 AM
Stay away from all other crypto. Buy only bit coin. You will thank me later.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 18, 2017, 09:07:55 AM
Quote from: gib on November 17, 2017, 07:36:27 PM
I guarantee that you will be using and owning bitcoins. It’s just a matter of when. Not if. And you will be wishing you had bought earlier. The price will eventually stabilize but with massive upside before then.

lol - I will never buy, use or own bitcoins. 

You probably feel like an investment genius right now, but you're not.  The parabolic price rise is a Ponzi bubble based on the "greater fool" principle, nothing more. 

Fear and greed are the most powerful human emotions.  Sometime in the future you'll be wishing you took profits, but you won't because greed consumes you. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on November 18, 2017, 09:10:16 AM
Quote from: robcguns on November 18, 2017, 08:07:58 AM
Can someone help me here?Ive been trying to buy other cryptos all night and I can’t figure this shit out at all.any help is appreciated.


FOMO in action.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OLKE_TEXAS on November 18, 2017, 09:12:28 AM
Bitcoin just hit $.7.000



#1000 posts
#final post
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 18, 2017, 09:15:58 AM
Quote from: SOMEPARTS on November 18, 2017, 09:10:16 AM

FOMO in action.

Fear of missing out... exactly.  

Doesn't matter what the asset class is... when the 'dumb money' starts pilling in, the Ponzi usually collapses shortly afterward.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: stingray on November 18, 2017, 10:44:08 AM
Quote from: gib on November 18, 2017, 08:35:10 AM
Stay away from all other crypto. Buy only bit coin. You will thank me later.

I read a article that bitcoin could hit a million bucks.What you think of that?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Ted SuperSet on November 18, 2017, 11:11:32 AM
Bitcoins just hit $ 7.700. This is insane!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: manuelsonn on November 18, 2017, 12:19:27 PM
ponzi. thank me later.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 18, 2017, 01:11:41 PM
Quote from: stingray on November 18, 2017, 10:44:08 AM
I read a article that bitcoin could hit a million bucks.What you think of that?


You also COULD win the Powerball lottery.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 18, 2017, 04:36:01 PM
Quote from: Mr Anabolic on November 18, 2017, 09:07:55 AM
lol - I will never buy, use or own bitcoins. 

You probably feel like an investment genius right now, but you're not.  The parabolic price rise is a Ponzi bubble based on the "greater fool" principle, nothing more. 

Fear and greed are the most powerful human emotions.  Sometime in the future you'll be wishing you took profits, but you won't because greed consumes you. 

I’ll take a little profit once they hit 100k but not before. There is a long long way before they become a mainstream currency. Its a strange dynamic as we will have a new kind of class of people around who happen to have extreme wealth because they happened to convert cash into bitcoins early.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 18, 2017, 04:40:44 PM
Quote from: Mr Anabolic on November 18, 2017, 09:15:58 AM
Fear of missing out... exactly.  

Doesn't matter what the asset class is... when the 'dumb money' starts pilling in, the Ponzi usually collapses shortly afterward.

We are far from “dumb money” stage. I speak to various taxi drivers. Most have not yet even heard of it, even in San Francisco. If you speak to bankers all have heard of it, and mostly own some personally but dont deal with it professionally. But they will slowly help it become mainstream as they too can smell the money, but also because they realise its a beat em or join em tupe scenario and first movers will benefit the most.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 18, 2017, 04:44:52 PM
Quote from: stingray on November 18, 2017, 10:44:08 AM
I read a article that bitcoin could hit a million bucks.What you think of that?


It’s hard to “value” a bit coin as bitcoin produces no yield. Your best guide to when it will hit a million USD is determined by mathematics. If you understand the bitcoin algorithm and the “cost of production” you can make a rough guess - 10k by 2018, 100k by 2020 and 1m by 2022.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on November 18, 2017, 08:24:18 PM
Quote from: gib on November 18, 2017, 04:44:52 PM
It’s hard to “value” a bit coin as bitcoin produces no yield. Your best guide to when it will hit a million USD is determined by mathematics. If you understand the bitcoin algorithm and the “cost of production” you can make a rough guess - 10k by 2018, 100k by 2020 and 1m by 2022.



Here's the problem. If Bitcoin goes to 1M then the richest people in the world are no longer the richest people in the world....it will be the Mt Gox guy that has all those stolen coins....the problem? They current elite/rich own the banks, the govts, the internet and the military. It will not be permitted to happen...no way will they allow trillions in capital to flow to complete lucky and unconnected strangers.

If that does happen it will be total worldwide anarchy as all social services are defunded in a matter of months.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 18, 2017, 08:58:28 PM
Quote from: Mr Anabolic on November 18, 2017, 09:07:55 AM
lol - I will never buy, use or own bitcoins. 

You probably feel like an investment genius right now, but you're not.  The parabolic price rise is a Ponzi bubble based on the "greater fool" principle, nothing more. 

Fear and greed are the most powerful human emotions.  Sometime in the future you'll be wishing you took profits, but you won't because greed consumes you. 

Ok well you can also short bitcoin now using derivatives. I dare you!

https://www.coindesk.com/first-long-term-ledgerx-bitcoin-option-pegs-price-10000-one-year/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 19, 2017, 10:05:17 AM
... and BOOM. We are at 8000!!!

Still pleanty of time to join the revolution. Everyone has a chance right now to be set for life.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: f450 on November 19, 2017, 10:42:11 AM
on a large scale level. this doesn't work.

Unless they figure out a way to circumvent trading in currency. which is issued by governments.

At this point Bitcoin is just an electronically secure way of writing a check.

The major advantage is facilitating trade without government taxation, but we all know that is temporary.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 19, 2017, 11:22:58 AM
Quote from: gib on November 18, 2017, 08:58:28 PM
Ok well you can also short bitcoin now using derivatives. I dare you!

https://www.coindesk.com/first-long-term-ledgerx-bitcoin-option-pegs-price-10000-one-year/

Banksters will be able to naked short bitcoins and drive the price down like they do with precious metals.

Gonna be interesting when it collapses $1000's in a few minutes and you didn't even take profits on one.  You'll disappear... never to post in this thread again.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: stingray on November 19, 2017, 01:34:13 PM
Quote from: manuelsonn on November 18, 2017, 12:19:27 PM
ponzi. thank me later.

Yeah i guess people will have there views.

I actually regret taking out my bitcoins few years ago, thats because i didnt know much about it.Looking at the btc price now i could of set myself for life.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on November 19, 2017, 01:40:01 PM
from what i understand there's a few people out there who made a lot of money on bitcoins.

none of them are getbiggers.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on November 19, 2017, 03:58:39 PM
Quote from: ratherbebig on November 19, 2017, 01:40:01 PM
from what i understand there's a few people out there who made a lot of money on bitcoins.

none of them are getbiggers.
Define a lot?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on November 19, 2017, 04:04:01 PM
Quote from: HTexan on November 19, 2017, 03:58:39 PM
Define a lot?

well some people must've bought them in the beginning and selling them recently so that would be a lot wouldnt it

not that i care either way. people made money during the gold rush etc as well good for them

but im a bodybuilder, i only care about protein powder and leg extensions.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 20, 2017, 12:19:44 AM
$8100 ...

https://www.coindesk.com/bitcoins-price-climbs-8100-hit-new-time-high/

This is great. With my 30 or so coins I make USD 3000 every time the bit coin price
goes up by $100.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 20, 2017, 12:25:45 AM
Quote from: robcguns on September 01, 2017, 12:11:14 PM
So I wonder if I should buy 1 right now.

Yes you should have.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 20, 2017, 06:24:09 AM
$8200...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Shizzo on November 20, 2017, 07:25:10 AM
Quote from: gib on November 20, 2017, 06:24:09 AM
$8200...
Why not sell some of your coins now? What happens if it completely crashes and you lose everything? Get something back now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 20, 2017, 08:05:04 AM
Yeah could do but I take the view that if I had that amount in cash I would be using it to buy bitcoins. I bought as a long term as a hedge to the “what if” scenario of bitcoins becoming an accepted modern version of gold, only better, and also because I think value will go up much much more.

There are guys who are “trading” buying in and out. I think they are kidding themselves if they think they can time buys and sells successfully. And others who are taking gains in bitcoins and then buying various alt-coins and icos. Not for me. I always planned to buy/hold/stash away.

Having said that, if we do get to 100k per coin by 2022 I would probably sell a coin or two and put the cash into stocks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Skorp1o on November 20, 2017, 08:33:25 AM
Bitcoin is a Ponzi scheme...and everyone is a participant...making returns on it does not negate this fact, remember that people made a lot of money with Bernie Madoff too until the crisis.

When the worlds most successful banker calls it a fraud publicly, chances are you won't know more than he does.

(https://i.ytimg.com/vi/kn_46QOHu9E/maxresdefault.jpg)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Shizzo on November 20, 2017, 08:34:41 AM
Quote from: gib on November 20, 2017, 08:05:04 AM
Yeah could do but I take the view that if I had that amount in cash I would be using it to buy bitcoins. I bought as a long term as a hedge to the “what if” scenario of bitcoins becoming an accepted modern version of gold, only better, and also because I think value will go up much much more.

There are guys who are “trading” buying in and out. I think they are kidding themselves if they think they can time buys and sells successfully. And others who are taking gains in bitcoins and then buying various alt-coins and icos. Not for me. I always planned to buy/hold/stash away.

Having said that, if we do get to 100k per coin by 2022 I would probably sell a coin or two and put the cash into stocks.
This tells me you got lucky (like the lottery) but you are too stupid to cash out.

Wait till 2022? You could be dead! This isn't a 401k or a pension. It is volatile.

You already won. Get out while you can.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 20, 2017, 09:18:21 AM
Quote from: Shizzo on November 20, 2017, 08:34:41 AM
This tells me you got lucky (like the lottery) but you are too stupid to cash out.

Wait till 2022? You could be dead! This isn't a 401k or a pension. It is volatile.

You already won. Get out while you can.

Prudent advice, but he's so convinced it will go to $100K per coin, he'll never sell.  This is exactly where the phrase "pigs get slaughtered" comes from.  So many things can go wrong.  It could (and eventually will) drops thousands of dollars in only a few minutes.   

BTW, 401k's are not safe either.  Government may freeze retirement funds when the market crashes.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Shizzo on November 20, 2017, 09:26:45 AM
Quote from: Mr Anabolic on November 20, 2017, 09:18:21 AM
Prudent advice, but he's so convinced it will go to $100K per coin, he'll never sell.  This is exactly where the phrase "pigs get slaughtered" comes from.  So many things can go wrong.  It could (and eventually will) drops thousands of dollars in only a few minutes.   

BTW, 401k's are not safe either.  Government may freeze retirement funds when the market crashes.
A true civil war would happen if the government takes away pensions, 401k, and social security. Nothing to lose at that point.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on November 20, 2017, 09:42:40 AM
Quote from: SOMEPARTS on November 18, 2017, 08:24:18 PM


Here's the problem. If Bitcoin goes to 1M then the richest people in the world are no longer the richest people in the world....it will be the Mt Gox guy that has all those stolen coins....the problem? They current elite/rich own the banks, the govts, the internet and the military. It will not be permitted to happen...no way will they allow trillions in capital to flow to complete lucky and unconnected strangers.

If that does happen it will be total worldwide anarchy as all social services are defunded in a matter of months.

That would be my biggest concern, long term.

You really think you are about to take all the resources away from the people who have the weapons? Please.

How easy would it be for some of these countries to start dishing out life(or worse) sentences for any bitcoin transactions?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on November 20, 2017, 09:46:01 AM
Quote from: ratherbebig on November 19, 2017, 04:04:01 PM
well some people must've bought them in the beginning and selling them recently so that would be a lot wouldnt it

not that i care either way. people made money during the gold rush etc as well good for them

but im a bodybuilder, i only care about protein powder and leg extensions.
I got in later then I wish I did. I was able to cash out some for a vacation a while go.
 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on November 20, 2017, 10:25:48 AM
Can you have a trailing stoploss with a bitcoin trade?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 20, 2017, 01:39:20 PM
Quote from: TheGrinch on November 20, 2017, 10:25:48 AM
Can you have a trailing stoploss with a bitcoin trade?

You should be able to trade them any way you like when/if your brokerage has them.  The nice thing about bitcoin is that they trade 24/7... so technically there should be no way it can gap down overnight and blow past your stop loss.   
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on November 20, 2017, 02:40:30 PM
Quote from: Skorp1o on November 20, 2017, 08:33:25 AM
Bitcoin is a Ponzi scheme...and everyone is a participant...making returns on it does not negate this fact, remember that people made a lot of money with Bernie Madoff too until the crisis.

When the worlds most successful banker calls it a fraud publicly, chances are you won't know more than he does.

(https://i.ytimg.com/vi/kn_46QOHu9E/maxresdefault.jpg)



Lol. So when one of the worlds biggest crooks call it fraud then Should you listen
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 20, 2017, 05:08:34 PM
Quote from: Skorp1o on November 20, 2017, 08:33:25 AM
Bitcoin is a Ponzi scheme...and everyone is a participant...making returns on it does not negate this fact, remember that people made a lot of money with Bernie Madoff too until the crisis.

When the worlds most successful banker calls it a fraud publicly, chances are you won't know more than he does.

(https://i.ytimg.com/vi/kn_46QOHu9E/maxresdefault.jpg)



At the same time as he said this, his daughter was buying bitcoins. Further there are now traders in his bank setting up a crypto trading division. So go figure. Bitcoins are poised to massively dissrupt the banking industry so it’s no wonder some of the establishment feel threatened. But it’s really a beat em or join em type decision bankers need to make. And as bitcoin can’t be beaten what we will at some point is an inflection point where mainstream bankers and institutions suddenly support.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: macos on November 21, 2017, 12:55:57 AM
Bitcoin is the largest financial fraud in the history after The Dutch Tulip Mania and the Dot com Burst and 2008 fin crash

Lot of sore losers going to be there, Ride the wave till you can and do not go all in

Bitcoin is rising faster than any asset class we have seen over the last 400 years
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: macos on November 21, 2017, 01:00:27 AM
Quote from: gib on November 20, 2017, 05:08:34 PM
At the same time as he said this, his daughter was buying bitcoins. Further there are now traders in his bank setting up a crypto trading division. So go figure. Bitcoins are poised to massively dissrupt the banking industry so it’s no wonder some of the establishment feel threatened. But it’s really a beat em or join em type decision bankers need to make. And as bitcoin can’t be beaten what we will at some point is an inflection point where mainstream bankers and institutions suddenly support.



Banks are worth shit, do you forget what happened in2008, lehman brothers crashed, run by ivy league 300k guys, every thing collapsed

Moodys, all credit rating agencies rated the bonds AAA+ which crashed,

Bitcoin is definitely going to make lot of money for big fish, but small fish like you, like always dies in the end, with big fish laughing all the way to the bank
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 21, 2017, 01:38:09 AM
Quote from: macos on November 21, 2017, 01:00:27 AM


Banks are worth shit, do you forget what happened in2008, lehman brothers crashed, run by ivy league 300k guys, every thing collapsed

Moodys, all credit rating agencies rated the bonds AAA+ which crashed,

Bitcoin is definitely going to make lot of money for big fish, but small fish like you, like always dies in the end, with big fish laughing all the way to the bank

I’ve made very very good money as a investor in my life to date and I don’t consider myself a big fish by any means.

And lol at the Ivy League 300k guys. Try adding one or two more zeros to that number and your post would make a little more sense.

Bitcoin though is truely one of those things that can’t be beaten by the Govt or my those with established power. And it’s a great way for smaller fish who are nimble to benefit from the bigger fish who are now on their way.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 21, 2017, 01:53:26 AM
Quote from: macos on November 21, 2017, 12:55:57 AM
Bitcoin is the largest financial fraud in the history after The Dutch Tulip Mania and the Dot com Burst and 2008 fin crash

Lot of sore losers going to be there, Ride the wave till you can and do not go all in

Bitcoin is rising faster than any asset class we have seen over the last 400 years



lol a fraud is a term used to describe when a person by deception steals from another.

Right now it’s the government and the tax man and the Fed who are committing fraud. Bitcoin is the ordinary persons way of fighting back. Its a rebellion against relentless devaluation and taxation of our currency. It’s our way, for once of giving back power to the people. The only fraud arguably being committed is on those who remain in fait currency as bitcoin is preserving wealth (or indeed “stealing” wealth) from people who don’t own it. You all still have time. You have been warned...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Skorp1o on November 21, 2017, 03:51:10 AM
Bitcoin is a pyramid scheme.

Many will come in and out, make money, but some very sore losers are lined up and only sheer luck will determine who won't get burned.

Just to be clear, I have nothing against the concept, but any asset that has no method or control over the increase in it's value will turn into a bubble and burst. If housing which is a necessity can suffer from periodes of bubbles, history will tell us that an imaginary overpriced asset is heading for a burst.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 21, 2017, 04:14:59 AM
Quote from: gib on November 21, 2017, 01:38:09 AM
I’ve made very very good money as a investor in my life to date and I don’t consider myself a big fish by any means.

And lol at the Ivy League 300k guys. Try adding one or two more zeros to that number and your post would make a little more sense.

Bitcoin though is truely one of those things that can’t be beaten by the Govt or my those with established power. And it’s a great way for smaller fish who are nimble to benefit from the bigger fish who are now on their way.

That statement is absurd.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 21, 2017, 05:18:36 AM
Quote from: Mr Anabolic on November 21, 2017, 04:14:59 AM
That statement is absurd.

Watch. And learn.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 21, 2017, 07:12:29 AM
Oh yeah. And $8300 ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 21, 2017, 06:54:56 PM
Goldman Sachs CEO on Bitcoins:

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: stingray on November 21, 2017, 08:13:34 PM
Hi Gib did you get my PM?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 21, 2017, 08:46:04 PM
Quote from: stingray on November 21, 2017, 08:13:34 PM
Hi Gib did you get my PM?

Hey there. I just checked PMs. Wow I have a few recent ones in there related to bitcoins and even more interestingly from Amy (Piana’s Ex). I’ll reply a little later to the questions some have sent me.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on November 21, 2017, 09:59:14 PM
Quote from: gib on November 21, 2017, 08:46:04 PM
Hey there. I just checked PMs. Wow I have a few recent ones in there related to bitcoins and even more interestingly from Amy (Piana’s Ex). I’ll reply a little later to the questions some have sent me.



When you make so much on Bitcoin the gold diggers are even coming out. Better cash out soon, that's a new top tick haha.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 21, 2017, 10:39:04 PM
Quote from: SOMEPARTS on November 21, 2017, 09:59:14 PM


When you make so much on Bitcoin the gold diggers are even coming out. Better cash out soon, that's a new top tick haha.

Lol yeah! But to be fair the messages from Amy were over a year ago just after Rich had left Mutant.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: stingray on November 21, 2017, 11:38:20 PM
Quote from: gib on November 21, 2017, 08:46:04 PM
Hey there. I just checked PMs. Wow I have a few recent ones in there related to bitcoins and even more interestingly from Amy (Piana’s Ex). I’ll reply a little later to the questions some have sent me.

Thanks, pianas ex is on getbig?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 22, 2017, 12:43:25 AM
Yep. She is. Or was at least. I don’t think she’s an active poster here.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 22, 2017, 06:09:50 AM
Quote from: SOMEPARTS on November 21, 2017, 09:59:14 PM
When you make so much on Bitcoin the gold diggers are even coming out. Better cash out soon, that's a new top tick haha.

He hasn't made/realized anything until he cashes out, but he won't because of pure greed, ignorance and arrogance.  He's also equating the parabolic increases with how smart he is.  Pride and arrogance come before a fall.

When this Ponzi bubble finally pops and crashes the bit-bugs will be kicking themselves for not selling into this parabola.  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on November 22, 2017, 07:13:18 AM
Quote from: Mr Anabolic on November 22, 2017, 06:09:50 AM
He hasn't made/realized anything until he cashes out, but he won't because of pure greed, ignorance and arrogance.  He's also equating the parabolic increases with how smart he is.  Pride and arrogance come before a fall.

When this Ponzi bubble finally pops and crashes the bit-bugs will be kicking themselves for not selling into this parabola.  

Proverbs 16:18

Pride goeth before destruction, and an haughty spirit before a fall.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 22, 2017, 05:15:38 PM
Answering some PMs:

“hey bro.

I got a bit of cash lying around and want to put into crypto.

I have 1 btc so far lol.

Whats next best thing you reckon?

Was thinking putting a bit of money into dash, ethereum and litecoin, what u think?”

Bitcoin is the big daddy of Crypto. It’s the first place any new buyer will invest, gets the most publicity, and is where the institutional investors and high net worth people will be buying in big time next few years.

There are in infinite number of block chain currencies that can be created just like how in the old days people used
many physical things as money - rocks, shells, gold, bones, seeds, silver, jade, bronze etc. Over time there will likely be one most commonly accepted store of value crypto and that is bitcoin. So if I was you I would buy more bitcoins. If you wanted to diversify a little then perhaps some ether or Bitcoin Cash. Stay well away from any icos.

This may help:




Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: stingray on November 22, 2017, 05:39:22 PM
why would you stay away from ICO Gib? I sort of know where your coming from in terms if the company stuffs up or doesnt deliver what it promises

Heard really positive stuff and ppl making good money from for example power ledger which is a ico, can u elaborate further?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 22, 2017, 05:41:00 PM
Quote from: Mr Anabolic on November 22, 2017, 06:09:50 AM
He hasn't made/realized anything until he cashes out, but he won't because of pure greed, ignorance and arrogance.  He's also equating the parabolic increases with how smart he is.  Pride and arrogance come before a fall.

When this Ponzi bubble finally pops and crashes the bit-bugs will be kicking themselves for not selling into this parabola.  

A few comments. I have pleanty of cash and stock and property etc. So if anything I will be increasing my exposure to bitcoin, not decreasing it. As I have explained before, the amount I hold is a hedge against a range
of things that may happen in then future, both financial, Geopolitical, and personal.

As for “pure greed” you use this term almost as though its a bad thing. But ok, if wanting to preserve wealth, diversify assets, avoid theft and devaluation by Government is “greed”’ then so be it. But bear in mind that it’s human nature to be greedy and its this very nature, both from individuals and banks, that ultimately will drive bitcoin over the next decade.

As for equating my gains on bitcoin with how smart I am, I am actually way more proud of my returns on stock, as with equities there really is a correlation between research and being able to calculate inherent value. With bitcoins it was a different kind of “smartness” - the ability to spot a revolutionary trend. Indeed it was my “smartness” and lack of ability to calculate any kind of inherent value that held me off buying bitcoins for so long. (Which by the way is the phase you are currently in. The reason I KNOW you will buy is because of your views on gold. Not sure your age, I’m guessing 40-50? Try surrounding yourself with people in their 30s and below. People who do everything on smartphones. People who will be coming into their prime next 10 years as the current tycoons and men of power in their 60s and 70s start to die off. You’ll work this out).

I’ll say it again - any person even moderately well off know should own at least a single coin as a hedge against the future.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 22, 2017, 05:58:12 PM
Quote from: stingray on November 22, 2017, 05:39:22 PM
why would you stay away from ICO Gib? I sort of know where your coming from in terms if the company stuffs up or doesnt deliver what it promises

Heard really positive stuff and ppl making good money from for example power ledger which is a ico, can u elaborate further?

Sure. First I think many people confuse currencies and stores of value like bitcoin with icos which as basically unregulated stakes in businesses based on a blockchain token. For many people, simply investing any cash into a stock, even a blue chip, is considered risky. One stage more risky being a small-cap listed stock. Further yet private equity for a stake into a startup company. Startups are very high risk - most fail. Right now, just like during the .com boom where anything with a “.com”’ in the name could attract huge funding, people are becoming excited by and throwing many at anything crypto or blockchain related. A traditional startup that might struggle to raise 500k the old fashioned way can raise 50m doing an ico and with zero accountability. As a result many scammers are jumping in, raising cash and then will eventually disappear.  Money is hard earned and easily lost/stolen. Indeed my mentor’s rule #1 is “don’t lose money”. To me the highly speculative risk of upside on an ico does not justify the downside risk.

 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 23, 2017, 02:07:20 AM
Peter Thiel “bitcoin has the potential to be the cyber equivalent of gold:

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 25, 2017, 12:39:48 AM
$8400 ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Sizwe on November 25, 2017, 02:05:29 AM
Quote from: gib on November 25, 2017, 12:39:48 AM
$8400 ...
ye ye ye its a bubble get lost
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 25, 2017, 05:12:13 AM
Quote from: gib on November 22, 2017, 05:41:00 PM
A few comments. I have pleanty of cash and stock and property etc. So if anything I will be increasing my exposure to bitcoin, not decreasing it. As I have explained before, the amount I hold is a hedge against a range
of things that may happen in then future, both financial, Geopolitical, and personal.

As for “pure greed” you use this term almost as though its a bad thing. But ok, if wanting to preserve wealth, diversify assets, avoid theft and devaluation by Government is “greed”’ then so be it. But bear in mind that it’s human nature to be greedy and its this very nature, both from individuals and banks, that ultimately will drive bitcoin over the next decade.

As for equating my gains on bitcoin with how smart I am, I am actually way more proud of my returns on stock, as with equities there really is a correlation between research and being able to calculate inherent value. With bitcoins it was a different kind of “smartness” - the ability to spot a revolutionary trend. Indeed it was my “smartness” and lack of ability to calculate any kind of inherent value that held me off buying bitcoins for so long. (Which by the way is the phase you are currently in. The reason I KNOW you will buy is because of your views on gold. Not sure your age, I’m guessing 40-50? Try surrounding yourself with people in their 30s and below. People who do everything on smartphones. People who will be coming into their prime next 10 years as the current tycoons and men of power in their 60s and 70s start to die off. You’ll work this out).

I’ll say it again - any person even moderately well off know should own at least a single coin as a hedge against the future.

Your "knowledge" of stocks and inherent value is an illusion.  You're simply riding a bull market based on trillions of dollars of central bank interventions and computer trading.  In 2008 stocks with high "inherent value" got killed with the rest of the market... it's all about confidence and perception and emotion.  

Same thing with bitcoin.  There is no inherent value, it's an illusion... a Ponzi bubble based on the "greater fool" principle.  

When bitcoin drops large again, you'll disappear from this forum like you did 2 weeks ago when dropped from $7900 to $5500.  You only started posting again after it recovered. 

Just remember... Pigs eventually get slaughtered.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 25, 2017, 05:15:29 AM
Quote from: gib on November 23, 2017, 02:07:20 AM
Peter Thiel “bitcoin has the potential to be the cyber equivalent of gold:



Yeah, okay.

Banks and countries hoard gold, not bitcoins.  Gee, I wonder why?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 25, 2017, 05:28:38 AM
Bitcoins are the digital gold of the future. Come join the revolution!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 25, 2017, 05:29:32 AM
8500 ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 25, 2017, 05:59:55 AM
Quote from: gib on November 25, 2017, 05:28:38 AM
Bitcoins are the digital gold of the future. Come join the revolution!

You cannot debate me, you just keep posting crap like this ad hominem.

The next revolution will be a civil war or a race war.  Ammo is what you will need, not bitcoins.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: mazrim on November 25, 2017, 06:15:38 AM
Quote from: gib on November 22, 2017, 05:15:38 PM
Answering some PMs:

“hey bro.

I got a bit of cash lying around and want to put into crypto.

I have 1 btc so far lol.

Whats next best thing you reckon?

Was thinking putting a bit of money into dash, ethereum and litecoin, what u think?”

Bitcoin is the big daddy of Crypto. It’s the first place any new buyer will invest, gets the most publicity, and is where the institutional investors and high net worth people will be buying in big time next few years.

There are in infinite number of block chain currencies that can be created just like how in the old days people used
many physical things as money - rocks, shells, gold, bones, seeds, silver, jade, bronze etc. Over time there will likely be one most commonly accepted store of value crypto and that is bitcoin. So if I was you I would buy more bitcoins. If you wanted to diversify a little then perhaps some ether or Bitcoin Cash. Stay well away from any icos.

This may help:




The GH15 of Bitcoin!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 25, 2017, 01:10:06 PM
Quote from: Mr Anabolic on November 25, 2017, 05:59:55 AM
You cannot debate me, you just keep posting crap like this ad hominem.

The next revolution will be a civil war or a race war.  Ammo is what you will need, not bitcoins.

I have nothing more to say. Oh wait, except...

$8600
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 25, 2017, 01:27:44 PM
Quote from: Mr Anabolic on November 25, 2017, 05:12:13 AM
Your "knowledge" of stocks and inherent value is an illusion.  You're simply riding a bull market based on trillions of dollars of central bank interventions and computer trading.  In 2008 stocks with high "inherent value" got killed with the rest of the market... it's all about confidence and perception and emotion.  

Same thing with bitcoin.  There is no inherent value, it's an illusion... a Ponzi bubble based on the "greater fool" principle.  

When bitcoin drops large again, you'll disappear from this forum like you did 2 weeks ago when dropped from $7900 to $5500.  You only started posting again after it recovered.  

Just remember... Pigs eventually get slaughtered.

Huh? Stocks do have a calculateable value. Which is why I was almost entirely out before 2008 and entirely In after 2009. It’s the ability to determine value which has been my success to investment success.

Faith in paper money, controlled by central banks and Governments is declining. Confidence in a decentralised currency, owned by no one and mathematically certain is growing and this trend will continue. I’m here trying to help you change your thinking. But let’s keep debating. I’m happy to try to answer specific questions.

Oh, and by the way ...

$8700
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 25, 2017, 04:20:00 PM
$8800
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 25, 2017, 06:19:37 PM
$8900
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 25, 2017, 09:00:50 PM
Just hit $9000.

$9000 Sha-boom!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Shizzo on November 26, 2017, 07:56:50 AM
Dude, give someone your number via PM. If this crashes we may need to have the authorities perform a wellness check on you.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 26, 2017, 08:46:27 AM
Quote from: Shizzo on November 26, 2017, 07:56:50 AM
Dude, give someone your number via PM. If this crashes we may need to have the authorities perform a wellness check on you.

He's actually become a troll now... quite hilarious.  This is a text book example of bubble behavior personality.  Bitcoin is approaching (if not already in) the delusion stage...

(http://www.thestockmarketoutsider.com/admin/blogimages/Stock%20Market%20Bubble%20Graph.JPG)

If you never take a profit, the gains are virtual.  It will be even more humorous when it crashes.  He'll disappear in shame.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 26, 2017, 08:50:13 AM
Quote from: gib on November 25, 2017, 01:27:44 PM
Huh? Stocks do have a calculateable value. Which is why I was almost entirely out before 2008 and entirely In after 2009. It’s the ability to determine value which has been my success to investment success.

I assume you are posting on Getbig from your yacht   lol

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 26, 2017, 02:32:11 PM
$9100
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 26, 2017, 02:43:56 PM
Quote from: Mr Anabolic on November 26, 2017, 08:46:27 AM
He's actually become a troll now... quite hilarious.  This is a text book example of bubble behavior personality.  Bitcoin is approaching (if not already in) the delusion stage...

(http://www.thestockmarketoutsider.com/admin/blogimages/Stock%20Market%20Bubble%20Graph.JPG)

If you never take a profit, the gains are virtual.  It will be even more humorous when it crashes.  He'll disappear in shame.

Ha ha. Not to worry. I can handle a crash. I have my investments allocated so that I can weather most storms. So don’t be sad for me it it crashes (but do be happy for me if it keeps rising. You talk of taking a profit, but you fail to realise that for the new generation they measure their wealth more by bitcoins then cash. So if they sell stock for example, they don’t look at how many $ they have made rather they measure it in bitcoins, and they use bit coins among each other, whether for playing poker, buying and selling cars or watches etc.

I know you mean well Mr Anabolic though some might say its you who is the troll!

Oh and one more thing ...

$9200
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Eyeball Chambers on November 26, 2017, 03:12:07 PM
I just bought $500 on coinbase. Do I need to setup a different wallet or anything? ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 26, 2017, 03:14:12 PM
Edumacate yourselves people. You are in a class of people who can benefit from this as the masses in the world (in African, India, China etc) become future bitcoin slaves. Most Americans still have a chance to secure their future:  

https://cointelegraph.com/news/chicago-board-options-exchange-to-launch-bitcoin-futures-announces-specifics
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Eyeball Chambers on November 26, 2017, 03:20:01 PM
How will fedcoin affect bitcoin? Will you invest in fedcoin?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Eyeball Chambers on November 26, 2017, 03:29:29 PM
Is it true that only around 10,000,000 people are invested in bitcoin?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 26, 2017, 03:46:25 PM
Quote from: Eyeball Chambers on November 26, 2017, 03:29:29 PM
Is it true that only around 10,000,000 people are invested in bitcoin?



I’m not sure the exact number but yes is a relatively small number of “elite” people who currently own bitcoin. But that will change. Every African with a mobile phone will want bitcoin. As will every Indian. As will every Chinese. Right now though it’s still overall people from the rich and advanced countries driving demand.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 26, 2017, 03:51:18 PM
Quote from: Eyeball Chambers on November 26, 2017, 03:12:07 PM
I just bought $500 on coinbase. Do I need to setup a different wallet or anything? ???

Nah for smaller amounts like $500 you are good. Coinbase has good security protocols and is US regulated. I use my Coinbase BTC for smaller transactional things like using btc to pay for drinks or a meal or a hotel room when travelling in Asia. But for larger amounts most would advise to hold your coins off line in cold storage like with a trezor.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 26, 2017, 03:58:33 PM
Quote from: gib on November 26, 2017, 02:43:56 PM
Ha ha. Not to worry. I can handle a crash. I have my investments allocated so that I can weather most storms. So don’t be sad for me it it crashes (but do be happy for me if it keeps rising. You talk of taking a profit, but you fail to realise that for the new generation they measure their wealth more by bitcoins then cash. So if they sell stock for example, they don’t look at how many $ they have made rather they measure it in bitcoins, and they use bit coins among each other, whether for playing poker, buying and selling cars or watches etc.

I know you mean well Mr Anabolic though some might say its you who is the troll!

Troll?  I'm trying to convince you to cash in and book your virtual profits, but you won't!  I'm actually trying to help you.

This is the largest speculative bubble in history.  I've seen many bubbles in my time, but this one takes the cake.  Tulips smell/look nice, Beanie Babies were cute and cuddly and Pet Rocks were heavy and could be used as weapons.  However, a bitcoin is a digital illusion.  You can't even hold one in your hand.  

Here is how the great bitcoin crash will play out...

When the last of the greater fools has bought, the smart money will begin to exit.  Sell orders will eventually overwhelm the exchanges.  The sell orders will bottleneck and not get filled until days later, but at a much, much lower price.  Some of the ex bitcoin millionaires who didn't sell will be jumping off high buildings without parachutes.  

That my dear sir will be the end of the largest bubble in human history.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 26, 2017, 03:58:46 PM
Quote from: Eyeball Chambers on November 26, 2017, 03:20:01 PM
How will fedcoin affect bitcoin? Will you invest in fedcoin?

Good question! I have no doubt we will see a fed coin. As more and more people lose faith in the fed and place their confidence in a truely peer to peer method of exchange and store of value the Government and the Fed will want in. So yes we will see a fed coin. And there is plenty the fed can do to make the fed coin acceptable - eg laws, banking regulations, pay people in fed coins etc. So how will this affect bitcoin? Will it confirm the ligitimacy of bitcoin or will it make btc less popular? I think it’s the former - btc is an international currency, so globally it will be the standard. I don’t think the Government would try to “ban” btc, first because it’s impossible to do but second because of its global use. So in summary I think both will exist. Fed coin will likely come within 5 years with bitcoin value being around $1 million per coin by then.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 26, 2017, 04:03:11 PM
Quote from: Mr Anabolic on November 26, 2017, 08:50:13 AM
I assume you are posting on Getbig from your yacht   lol



Ha ha. Well the thing with guys like me is that we like productive assets - we see the things like yachts as money suckers, made even worse by the opportunity cost of what could have been earned with that money!

Having said that I do like to travel so if you can picture exotic tropical locations with ocean and surf and good food and cold beer, that’s me. Anywhere that has a wifi or internet connection which these days is most places in the world.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 26, 2017, 04:08:22 PM
Quote from: Mr Anabolic on November 26, 2017, 03:58:33 PM
Troll?  I'm trying to convince you to cash in and book your virtual profits, but you won't!  I'm actually trying to help you.

This is the largest speculative bubble in history.  I've seen many bubbles in my time, but this one takes the cake.  Tulips smell/look nice, Beanie Babies were cute and cuddly and Pet Rocks were heavy and could be used as weapons.  However, a bitcoin is a digital illusion.  You can't even hold one in your hand.  

Here is how the great bitcoin crash will play out...

When the last of the greater fools has bought, the smart money will begin to exit.  Sell orders will eventually overwhelm the exchanges.  The sell orders will bottleneck and not get filled until days later, but at a much, much lower price.  Some of the ex bitcoin millionaires who didn't sell will be jumping off high buildings without parachutes.  

That my dear sir will be the end of the largest bubble in human history.

Thanks Mr Anabolic. It’s all good. I know you mean well. I was calling you a troll as you called me one first. It’s all good. I’m very much aware of your concerns and they are legit. I don’t have all my eggs in one basket (be it gold, property, stocks, bonds, nor would I recommend anyone do. I do think though everyone should make sure they own just a single bitcoin as a hedge against what may eventuate in the future.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Eyeball Chambers on November 26, 2017, 04:08:35 PM
Informative, thanks gib!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 26, 2017, 04:20:23 PM
Quote from: Eyeball Chambers on November 26, 2017, 04:08:35 PM
Informative, thanks gib!

Welcome!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 26, 2017, 04:21:16 PM
$9300
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 26, 2017, 04:55:47 PM
$9400
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: chaos on November 26, 2017, 05:07:55 PM
$9520

So if I invested in that crap how do I go about getting my money back out? Do they automatically transfer back to the account I invested from?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: stingray on November 26, 2017, 05:23:24 PM
Quote from: chaos on November 26, 2017, 05:07:55 PM
$9520

So if I invested in that crap how do I go about getting my money back out? Do they automatically transfer back to the account I invested from?

You got to move it yourself into your bank or try find a way to take it out as cash.

As gib mentions, if you bough 1 btc last week you probably would of made some good returns just in 1 week
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 26, 2017, 05:25:12 PM
Quote from: chaos on November 26, 2017, 05:07:55 PM
$9520

So if I invested in that crap how do I go about getting my money back out? Do they automatically transfer back to the account I invested from?

Yep. You can specify any account and they transfer to there, much like what happens with any stock exchange or broker. So you can either leave the cash with them (eg if you want to actively trade) or have the cash paid out. Personally I don’t believe in short term trades. For me this one is a buy and then long term hold.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 26, 2017, 05:27:39 PM
Quote from: stingray on November 26, 2017, 05:23:24 PM
You got to move it yourself into your bank or try find a way to take it out as cash.

As gib mentions, if you bough 1 btc last week you probably would of made some good returns just in 1 week

By the way some retail banks in Asia and Europe are starting to offer bitcoin accounts. So you will see both your cash balances, foreign currency holdings, and BTC. (Will take a while before this becomes more mainstream in the US).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: stingray on November 26, 2017, 06:12:18 PM
Quote from: gib on November 26, 2017, 05:27:39 PM
By the way some retail banks in Asia and Europe are starting to offer bitcoin accounts. So you will see both your cash balances, foreign currency holdings, and BTC. (Will take a while before this becomes more mainstream in the US).

Btc in 1 week has made more for me than four of my altcoin portfolio put together
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 26, 2017, 06:15:24 PM
Quote from: stingray on November 26, 2017, 06:12:18 PM
Btc in 1 week has made more for me than four of my altcoin portfolio put together

Good stuff. Yep stick to the basics. Bitcoin is gathering critical mass.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 26, 2017, 06:16:16 PM
$9600
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: chaos on November 26, 2017, 06:43:25 PM
Only a certain number of bitcoins released? So basically if you invest 5k, you're buying half a coin?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 26, 2017, 08:26:19 PM
Quote from: chaos on November 26, 2017, 06:43:25 PM
Only a certain number of bitcoins released? So basically if you invest 5k, you're buying half a coin?

Yep. The coin denominations go down to 0.00000001 of a coin, a so called “santoshi”. Right now the media and financial press report the price per coin but reality is that as the currency becomes more
mainstream we will be seeing more quotes and prices of things quoted in santoshis. When bitcoins get to 100k or 1 million per coin only high net worth individuals and investment banks will be buying and quoting per coin.

So if you are buying now, yes 5k will get you half a coin. Enough to secure your
future for life.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: stingray on November 26, 2017, 08:37:36 PM
Quote from: gib on November 26, 2017, 08:26:19 PM
Yep. The coin denominations go down to 0.00000001 of a coin, a so called “santoshi”. Right now the media and financial press report the price per coin but reality is that as the currency becomes more
mainstream we will be seeing more quotes and prices of things quoted in santoshis. When bitcoins get to 100k or 1 million per coin only high net worth individuals and investment banks will be buying and quoting per coin.

So if you are buying now, yes 5k will get you half a coin. Enough to secure your
future for life.


Yeah i have read bitcoin will reach in 5-10 years 1 million dollars.

Do you think that might happen or is someone pulling our leg?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 26, 2017, 09:01:16 PM
Quote from: stingray on November 26, 2017, 08:37:36 PM
Yeah i have read bitcoin will reach in 5-10 years 1 million dollars.

Do you think that might happen or is someone pulling our leg?

It’s by no means certain. But it’s certainly possible. If you consider the mathematics behind it, and all the infrastructure slowly being set up 100k per coin within 2 years is a real possibility.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 26, 2017, 09:19:13 PM
Mr Anabolic here’s what I would suggest to you. Just to help you better form your thoughts on this.

Try going through the motions of buying some bitcoin. Doesn’t need to be much. $100, or 1k or whatever. Go through the experience of finding somewhere to open an account, make a payment into it, bid for bitcoin on an exchange, store your coins, use your coins, sell them etc. Try making a payment at a shop with bitcoins. Try asking a taxi driver if he will accept payment in bitcoins. Same with a few other service provider. A plumber, electrician, hair dresser. Maybe even a whore. See their reaction. Have they heard of bitcoin? Will they accept payment in btc? Do they prefer btc? How do they accept payment?

And then, after you have done these things (or maybe as you do them), reflect, think, be critical, look towards the future. I urge you, and others to do this. At the very least you can say during various conversations “yeah I got some bitcoin”. And you will then also be able to pay for and receive payments in bitcoins,
anywhere in the world.  And either way you will learn things from actual experience. And at best what you buy now will be worth exponentially more in the future. Even 1/10th of a coin now will put you far far ahead of the the curve on a financial revolution that is poised to take place across our entire planet.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 26, 2017, 10:48:09 PM
https://www.bloomberg.com/news/articles/2017-11-26/what-the-world-s-central-banks-are-saying-about-cryptocurrencies
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on November 27, 2017, 07:13:53 AM
Bitcoin Surges Past $9,000 in Fastest Thousand-Point Milestone

‘Fear of missing out’ drives investors into another frenzy

https://www.wsj.com/articles/bitcoin-surges-past-9-000-in-fastest-thousand-point-milestone-1511763121
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 27, 2017, 07:46:52 AM
Quote from: polychronopolous on November 27, 2017, 07:13:53 AM
Bitcoin Surges Past $9,000 in Fastest Thousand-Point Milestone

‘Fear of missing out’ drives investors into another frenzy

https://www.wsj.com/articles/bitcoin-surges-past-9-000-in-fastest-thousand-point-milestone-1511763121

When the Wall Street journal reports you know this is for real. We are about to see the largest ever transfer of wealth into a new peer to peer currency supported by the laws of mathematics. No more fed destroying our wealth by money printing. No more using our money to bail out currupt bankers. This is the very early phase in a financial revolution where the people take control of money!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 27, 2017, 07:58:13 AM
$9700
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 27, 2017, 08:52:58 AM
Quote from: gib on November 26, 2017, 09:19:13 PM
Mr Anabolic here’s what I would suggest to you. Just to help you better form your thoughts on this.

Try going through the motions of buying some bitcoin. Doesn’t need to be much. $100, or 1k or whatever. Go through the experience of finding somewhere to open an account, make a payment into it, bid for bitcoin on an exchange, store your coins, use your coins, sell them etc. Try making a payment at a shop with bitcoins. Try asking a taxi driver if he will accept payment in bitcoins. Same with a few other service provider. A plumber, electrician, hair dresser. Maybe even a whore. See their reaction. Have they heard of bitcoin? Will they accept payment in btc? Do they prefer btc? How do they accept payment?

And then, after you have done these things (or maybe as you do them), reflect, think, be critical, look towards the future. I urge you, and others to do this. At the very least you can say during various conversations “yeah I got some bitcoin”. And you will then also be able to pay for and receive payments in bitcoins,
anywhere in the world.  And either way you will learn things from actual experience. And at best what you buy now will be worth exponentially more in the future. Even 1/10th of a coin now will put you far far ahead of the the curve on a financial revolution that is poised to take place across our entire planet.

Thanks, but no thanks.  I've been trading and investing for 30 years and I know a bubble when I see it.  This is the largest speculative bubble (% wise) in history.  Dumb money coming in will make the bubble even larger.  Even though right now I think it will rise above 10K, I cannot buy into this with a clear conscience.  Once this bubble starts to lose air, the crash that follows will happen very quickly and intensely... many who bought in near the top are going to get burned badly.  I'm not kidding about people jumping off buildings.

Will bitcoins be universally accepted for payment?  Maybe, if the transaction costs come down.  Right now the transaction fees are too high.  No one is going to use bitcoin to buy cheaper items like cigarettes, a meal or a cup of coffee.    

I do believe a global digital currency is in the works.  No one should be wishing or looking forward to this.  Privacy and anonymity of cash will not exist anymore.  Not sure if the global currency will be bitcoin, but I know I don't want to be a part of it.  I guess I'll be relegated to bartering ammo in the grey/black market.  

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 27, 2017, 08:56:47 AM
Quote from: gib on November 27, 2017, 07:46:52 AM
When the Wall Street journal reports you know this is for real. We are about to see the largest ever transfer of wealth into a new peer to peer currency supported by the laws of mathematics. No more fed destroying our wealth by money printing. No more using our money to bail out currupt bankers. This is the very early phase in a financial revolution where the people take control of money!

Nice sentiment, but I do not agree.  Bankers will still be in control.  If they already haven't, governments will adopt it.  This is not a good thing.     
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: JAGO on November 27, 2017, 03:16:40 PM
Bitcoin is the most widely known of the crypt-o-currencies, there are several, which will prevail we don't know, they are not going away. For real insight, view John McAfee on YouTube.

If for no other reason . . .


Thomas Jefferson Warned The Nation To Beware The Power Of The Banks

"I believe that banking institutions are more dangerous to our liberties than standing armies,"  Jefferson wrote. " If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around (these banks) will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."

J
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 27, 2017, 03:47:54 PM
Quote from: JAGO on November 27, 2017, 03:16:40 PM
Bitcoin is the  most widely know of the crypt-o-currencies , there are several, which will prevail we don't know, they are not going away. For real insight, view John McAfee on YouTube.

If for no other reason . . .

Thomas Jefferson Warned The Nation To Beware The Power Of The Banks

"I believe that banking institutions are more dangerous to our liberties than standing armies,"  Jefferson wrote. " If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around (these banks) will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."

The day that a major terrorist attack is linked to cryptos for financing, ALL these cryptos come to an end within 72 hours.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on November 27, 2017, 03:58:04 PM
Quote from: gib on November 27, 2017, 07:58:13 AM
$9700

Not to get too personal but what are your recommendations as far as storing the coins?

Online wallet?

Trezor or Nano Hardware?

Cold storage?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 27, 2017, 04:50:00 PM
Quote from: polychronopolous on November 27, 2017, 03:58:04 PM
Not to get too personal but what are your recommendations as far as storing the coins?

Online wallet?

Trezor or Nano Hardware?

Cold storage?

I have bought as a long term hold. So the majority are in cold storage with a Trezor.

A have a smaller amount that I use for transactional purposes with Coinbase and the wallet that comes with it, combined with the Coinbase app on my phone.

I would not recommend leaving large amounts with exchanges. They can always go down, be shut down, or be hacked. And if you have a fear of Government, who may see Btc as a threat to the monetary system you might also fear that the exchanges will be “shut down” and. coins seized.  And if you have a concern about personal data then you might not like the exchanges having knowledge of your holdings or trades.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 27, 2017, 04:55:51 PM
Will bitcoin $10,000 have a boosting effect towards the currency becoming “mainstream”. Or a negative effect as governments start feeling threatened?

https://www.coindesk.com/price-eyes-10000-bitcoin-faces-mainstream-moment/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on November 27, 2017, 05:04:58 PM
I remember hanging out on the back porch around Christmas time last year talking with a buddy of mine and he brought up bitcoin and how it was approaching a thousand dollars.

Sort of surprised me because I never thought he was plugged into that same sort of world we all discuss on here.

Anyways, I had just planted 10k in Sanderson Farms at around 80 dollars a share just prior to that. A year later it's sitting right around 160...a fantastic year by any stretch, but holy shit what a year bitcoin has had...no questions about it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: stingray on November 27, 2017, 05:14:07 PM
Quote from: Mr Anabolic on November 27, 2017, 03:47:54 PM
The day that a major terrorist attack is linked to cryptos for financing, ALL these cryptos come to an end within 72 hours.

ha ha like a guy living in cave brought down 4 buildings on sept 11 with 3 planes?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Irongrip400 on November 27, 2017, 05:19:59 PM
What happens when the rothchilds et al get a piece of this, are we just back to square one?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on November 27, 2017, 05:21:09 PM
Wish I had but didn’t. Too bad. Fucking sucks not getting in when it was just $100
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on November 27, 2017, 05:41:19 PM
I just read something where Buffett said "If China cannot stop bitcoin, nobody can"

You can store this shit on these tiny little usb flash drive size devices and back it up with 2 different passcodes...1 for duress i.e. you are stopped at customs or robbed and a nominal amount is stored to get you through the situation but then you would also have a second passcode to grant access to the motherlode storage.

I don't see how anyone could possibly confiscate it short of gun to the head and even then you would have to give up the password.

And that is to say you will be carrying the wallet with you...which you won't if you are sitting on big time money.

There again China would probably be the only world power big enough to levy heavy prison sentences or at worst death penalty for trading this currency.

If the United States ever took it to that level...How could they? With the checks and balances system we have plus the first amendment and our ability to discuss this stuff. That would be an incredible task to undertake.

Our system here is not really designed to punish people to the extent that would be necessary to shut the entire thing down.

This is a very fascinating time we are in right now.

Just me thinking out loud but I don't think this bitcoin thing is going away anytime soon.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on November 27, 2017, 05:50:59 PM
Quote from: polychronopolous on November 27, 2017, 05:41:19 PM
I just read something where Buffett said "If China cannot stop bitcoin, nobody can"

You can store this shit on these tiny little usb flash drive size devices and back it up with 2 different passcodes...1 for duress i.e. you are stopped at customs or robbed and a nominal amount is stored to get you through the situation but then you would also have a second passcode to grant access to the motherlode storage.

I don't see how anyone could possibly confiscate it short of gun to the head and even then you would have to give up the password.

And that is to say you will be carrying the wallet with you...which you won't if you are sitting on big time money.

There again China would probably be the only world power big enough to levy heavy prison sentences or at worst death penalty for trading this currency.

If the United States ever took it to that level...How could they? With the checks and balances system we have plus the first amendment and our ability to discuss this stuff. That would be an incredible task to undertake.

Our system here is not really designed to punish people to the extent that would be necessary to shut the entire thing down.

This is a very fascinating time we are in right now.

Just me thinking out loud but I don't think this bitcoin thing is going away anytime soon.

Fuck that. Create a bucket on a cloud provider. Triple lock it and you’re set. You can have it duplicated across different cloud providers for redundancy.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Marty Champions on November 27, 2017, 06:13:14 PM
no ones made any money other than bitcoin alone... you are just funding AI hardware
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 27, 2017, 06:26:09 PM
Quote from: Irongrip400 on November 27, 2017, 05:19:59 PM
What happens when the rothchilds et al get a piece of this, are we just back to square one?

Not if we buy in now and secure our future. This is a once in a lifetime chance to grab stake in what may well be the store of wealth in the future. But yes the big boys will eventually start to move in. Watch for Goldman Sachs to start making moves in 2018.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on November 27, 2017, 06:32:51 PM
Quote from: El Diablo Blanco on November 27, 2017, 05:50:59 PM
Fuck that. Create a bucket on a cloud provider. Triple lock it and you’re set. You can have it duplicated across different cloud providers for redundancy.

oh yeah thats awesome bro
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: JAGO on November 27, 2017, 06:46:24 PM
Quote from: Mr Anabolic on November 27, 2017, 03:47:54 PM
The day that a major terrorist attack is linked to cryptos for financing, ALL these cryptos come to an end within 72 hours.

Did cash come to an end? I think you're missing the point . . . They are not controlled or influenced by the government They would continue to be traded amongst those who buy them, deal with them and offer goods and service in exchange for them.

J
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 27, 2017, 09:10:32 PM
$9800
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 27, 2017, 10:13:33 PM
$9900 ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on November 27, 2017, 11:25:37 PM
Quote from: gib on November 27, 2017, 04:55:51 PM
Will bitcoin $10,000 have a boosting effect towards the currency becoming “mainstream”. Or a negative effect as governments start feeling threatened?

https://www.coindesk.com/price-eyes-10000-bitcoin-faces-mainstream-moment/


When govt figures out how defunded they will be with all that money outside the system they will have to crack down on it. The libertarian aspect of it as money has an appeal but it could be very disruptive in ways that cannot be calculated. It would be the perfect vehicle for the crash of all crashes and a reset of world debt - nameless, faceless, blameless, etc.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 28, 2017, 12:07:22 AM
Quote from: SOMEPARTS on November 27, 2017, 11:25:37 PM

When govt figures out how defunded they will be with all that money outside the system they will have to crack down on it. The libertarian aspect of it as money has an appeal but it could be very disruptive in ways that cannot be calculated. It would be the perfect vehicle for the crash of all crashes and a reset of world debt - nameless, faceless, blameless, etc.

What might also happen is that some governments might see owning substantial amounts of bitcoin as a way to hold power and exert control and influence over the world. So it’s quite possible that, China for example, would start to systemically and strategically buy up and accumulate bitcoins. Also quite possible for much smaller nations and kingdoms etc to do likewise.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: manuelsonn on November 28, 2017, 03:00:25 AM
What is bitcoin and what is it backing it? A big, juicy Ponzi scheme?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 28, 2017, 03:25:44 AM
Quote from: manuelsonn on November 28, 2017, 03:00:25 AM
What is bitcoin and what is it backing it? A big, juicy Ponzi scheme?

Bitcoin is backed by mathematics. Its actually the US Fed combined with taxes that is the Ponzi scheme.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 28, 2017, 04:25:50 AM
Quote from: JAGO on November 27, 2017, 06:46:24 PM
Did cash come to an end? I think you're missing the point . . . They are not controlled or influenced by the government They would continue to be traded amongst those who buy them, deal with them and offer goods and service in exchange for them.
J

That's right... it's a NEW PARADIGM!... A NEW CURRENCY!... TOTALLY ANONOMOUS!  Buy it now or be priced out forever!  Government has NOTHING to do with blipcoin and they can never touch it!


lol



When the bubble finally pops it will be like yelling fire in a crowded movie theater... and most will not be able to get out in time.   

Beware Dec 10th 2017.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 28, 2017, 04:26:47 AM
Quote from: gib on November 28, 2017, 03:25:44 AM
Bitcoin is backed by mathematics. Its actually the US Fed combined with taxes that is the Ponzi scheme.


101010101010101010101010 101010101010101010101010 101010101010101010101010 1010101


Lots of value and tangibility there!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 28, 2017, 04:38:52 AM
Quote from: Mr Anabolic on November 28, 2017, 04:26:47 AM

101010101010101010101010 101010101010101010101010 101010101010101010101010 1010101


Lots of value and tangibility there!

Lol. Mr Anabolic. I know you believe in gold right? Gold is backed by nothing. It’s price is determined entirely by supply and demand. For the new generation they find it make much more sense to use a currency backed by mathematics and binary code, accessible at an instant on their phones, rather than to use lumps of a metal taken from out of the ground which to them seems entirely outmoded and harks back to primitive caveman times (shells, feathers, rocks etc). They also have lost trust in Governments and central banks who they see as being able to “steal” from them, both by endless money printing and via taxes. Hence they are moving to bitcoin. Mathematically limited and certain. Cannot be traced. Cannot be stolen or devalued. 

It’s a really a quite revolutionary time!

I’ll reply to one of your earlier posts a little later. But I see you have done a little research and this is all part of an “old school” investor getting there. As I wrote earlier you will be buying, as you start to work it out. Indeed if btc fell sharply, I’m pretty sure you would buy a little. Go on and admit it :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 28, 2017, 04:53:46 AM
Quote from: Mr Anabolic on November 28, 2017, 04:26:47 AM

101010101010101010101010 101010101010101010101010 101010101010101010101010 1010101


Lots of value and tangibility there!

Ps - you do realise that all those little ones and zeros also represent all the money you have with banks
right? And all stocks you own (unless you still hold physical stock certificates). Oh and also all gold you own (unless it’s physical gold).

You’ll get there old fella. I know you will as you are one of the smarter guys here.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on November 28, 2017, 09:26:29 AM
Quote from: gib on November 28, 2017, 04:38:52 AM
Lol. Mr Anabolic. I know you believe in gold right? Gold is backed by nothing. It’s price is determined entirely by supply and demand. For the new generation they find it make much more sense to use a currency backed by mathematics and binary code, accessible at an instant on their phones, rather than to use lumps of a metal taken from out of the ground which to them seems entirely outmoded and harks back to primitive caveman times (shells, feathers, rocks etc). They also have lost trust in Governments and central banks who they see as being able to “steal” from them, both by endless money printing and via taxes. Hence they are moving to bitcoin. Mathematically limited and certain. Cannot be traced. Cannot be stolen or devalued.  

It’s a really a quite revolutionary time!

I’ll reply to one of your earlier posts a little later. But I see you have done a little research and this is all part of an “old school” investor getting there. As I wrote earlier you will be buying, as you start to work it out. Indeed if btc fell sharply, I’m pretty sure you would buy a little. Go on and admit it :)


Well, that's not true. There is a price to mine and refine the metal...a rarity in the earth's crust and the cost to secure land rights to do so...and unlike crypto there is a tangible thing in your hand after that mining action. Crypto is mined...money spent on electricity sure, but the thing in your hand is not there. That is the leap of faith that some of us can't make. Plenty of things have had work put into them and money spent on them and people who thought they had value for a period of time....but time is the equalizer. Will there be staying power? Will the sign at the gas station in 10 years say dollars or Bitcoins?

Now, maybe they can conduct alchemy at CERN...and maybe there is small cold fusion energy generation that exists in secret. That would be a reason to change from gold and silver and the petrodollar quickly.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on November 28, 2017, 09:33:28 AM
Holy crap, Bitcoin hit $12,000K per coin today!!!  :o :o :o
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on November 28, 2017, 09:46:06 AM
Scam or not. If you got in a year ago when it was a couple hundred each you’d be laughing today.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: JAGO on November 28, 2017, 12:22:26 PM
Quote from: Mr Anabolic on November 28, 2017, 04:25:50 AM
That's right... it's a NEW PARADIGM!... A NEW CURRENCY!... TOTALLY ANONOMOUS!  Buy it now or be priced out forever!  Government has NOTHING to do with blipcoin and they can never touch it!


lol



When the bubble finally pops it will be like yelling fire in a crowded movie theater... and most will not be able to get out in time.  

Beware Dec 10th 2017.

Also, the major supporting factor ( backing if you will ) is the finite number of Bitcoin which will be produced / mined.

J

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dr.J on November 28, 2017, 02:44:16 PM
How much is a coin now?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on November 28, 2017, 02:57:21 PM
Jews started this and own a big chunk of them. They started the early exchanges and have millions of coins that they got next for nothing. A big chunk was stolen probably by the same
Jews. Eventually these Jews will dump them all and collect untold hundreds of billions and it’ll crash to nothing. Sell while you can. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on November 28, 2017, 03:01:15 PM
Quote from: Dr.J on November 28, 2017, 02:44:16 PM
How much is a coin now?

9974
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on November 28, 2017, 05:50:56 PM
damn i wish i would have got in when it was just 9973
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 28, 2017, 06:37:42 PM
$10,000.00!!!

One day could be $100K.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 28, 2017, 07:12:21 PM
$10.1k ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on November 28, 2017, 07:12:49 PM
Holy crap, 12K!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 28, 2017, 07:35:16 PM
Again I would urge all of you who still have a chance to take advantage of and secure your privileged position in society and in the world by buying a coin now (or part of one).

We will soon see billions of people from India to China to Latin America buy in.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 28, 2017, 07:36:23 PM
10.2K ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 28, 2017, 07:40:26 PM
$10.3K
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 28, 2017, 10:15:33 PM
10.4...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 28, 2017, 10:24:14 PM
10,500...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 28, 2017, 11:30:09 PM
10.6k!!!

Reporting live on get it as history is in the making.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: manuelsonn on November 29, 2017, 12:19:37 AM
biggest ponzi in the making, take care
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 29, 2017, 02:39:26 AM
Quote from: manuelsonn on November 29, 2017, 12:19:37 AM
biggest ponzi in the making, take care

Thanks! Was it a ponzie scheme when in more primitive times people decided to move wealth into gold?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 29, 2017, 02:40:56 AM
Oh and 10.7K :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: manuelsonn on November 29, 2017, 02:42:15 AM
https://www.cryptocoinsnews.com/38-million-south-korean-bitcoin-scam-group-arrested/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 29, 2017, 03:54:21 AM
Quote from: manuelsonn on November 29, 2017, 02:42:15 AM
https://www.cryptocoinsnews.com/38-million-south-korean-bitcoin-scam-group-arrested/

Yep. Plenty of scammers out there. Just as in the financial industry. Scammers will always be attracted to where the easy money is.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 29, 2017, 03:57:26 AM
Now $10,800. We will see a viral snowball network effect start to take hold as more and more financial infrastructure develops around bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 29, 2017, 04:30:56 AM
Quote from: gib on November 29, 2017, 02:39:26 AM
Thanks! Was it a ponzie scheme when in more primitive times people decided to move wealth into gold?

Once again...

(https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i4zBlR.JWXgI/v1/800x-1.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 29, 2017, 05:04:41 AM
Have you taken a look at a graph of the “gold bubble”. Thoughts?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 29, 2017, 05:06:39 AM
And let’s assume btc is a bubble. Aren’t bubbles great opportunities to make money?

It’s all about timing and predicting human behaviour. And based on everything I have observed the run on bitcoin will last many more years.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 29, 2017, 05:11:08 AM
Oh and 10.9K ...

Soon I may just need to post updates in multiples of thousands ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 29, 2017, 05:24:58 AM
Quote from: gib on November 29, 2017, 05:06:39 AM
And let’s assume btc is a bubble. Aren’t bubbles great opportunities to make money?

It’s all about timing and predicting human behaviour. And based on everything I have observed the run on bitcoin will last many more years.

Just take some profits while you still can... please.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 29, 2017, 05:28:15 AM
Quote from: gib on November 29, 2017, 05:04:41 AM
Have you taken a look at a graph of the “gold bubble”. Thoughts?

Gold bubble?  Right now PMs are the cheapest they have ever been in relationship to everything else out there.  All other asset classes are in major bubbles.

It's all about timing and the time to accumulate gold/silver is right NOW.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 29, 2017, 05:48:48 AM
Quote from: Mr Anabolic on November 29, 2017, 05:28:15 AM
Gold bubble?  Right now PMs are the cheapest they have ever been in relationship to everything else out there.  All other asset classes are in major bubbles.

It's all about timing and the time to accumulate gold/silver is right NOW.

Yes gold bubble. People’s collective decision to place extreme value on what essentially is a relatively useless lump of metal. I would attach a historical gold price graph but I can’t seem to attach any pix.

I probably won’t take any gains. For me btc was more as a hedge for the future in case a decentralised currency really takes off. It’s possible it could happen so btc is my best bet for a hedge as it is gathering critical mass.

We will see money moving out of gold and into btc. I’ve never liked gold as it produces no yield and thus cannot be valued. It is inherently a bubble. Ironically though I believe there is eventual upside in gold as much of the same thinking and fears that are driving btc actually apply (and thus validate) gold also. So for the first time in my life I am considering buying gold and some gold mining companies.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Eyeball Chambers on November 29, 2017, 06:15:34 AM
Well ill be prepared to buy a shit ton of gold when it crashes this time. cannot wait
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 29, 2017, 06:16:02 AM
Oh, and $11,000!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 29, 2017, 06:37:33 AM
11.1K
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 29, 2017, 06:52:25 AM
Bubble of ALL bubbles...

◦ $0000 - $1000: 1789 days
◦ $1000- $2000: 1271 days
◦ $2000- $3000: 23 days
◦ $3000- $4000: 62 days
◦ $4000- $5000: 61 days
◦ $5000- $6000: 8 days
◦ $6000- $7000: 13 days
◦ $7000- $8000: 14 days
◦ $8000- $9000: 9 days
◦ $9000-$10000: 2 days
◦ $10000-$11000: 1 day
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: denarii on November 29, 2017, 06:52:48 AM
take your money out and run.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 29, 2017, 06:55:13 AM
Quote from: gib on November 29, 2017, 05:48:48 AM
Yes gold bubble. People’s collective decision to place extreme value on what essentially is a relatively useless lump of metal. I would attach a historical gold price graph but I can’t seem to attach any pix.

I probably won’t take any gains. For me btc was more as a hedge for the future in case a decentralised currency really takes off. It’s possible it could happen so btc is my best bet for a hedge as it is gathering critical mass.

We will see money moving out of gold and into btc. I’ve never liked gold as it produces no yield and thus cannot be valued. It is inherently a bubble. Ironically though I believe there is eventual upside in gold as much of the same thinking and fears that are driving btc actually apply (and thus validate) gold also. So for the first time in my life I am considering buying gold and some gold mining companies.

Ridiculous statements like this make you look silly.

Gold has been money and store of value and wealth for 5000+ years.

How you can not see/admit that bitcoin is the largest bubble in history is incredible.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: manuelsonn on November 29, 2017, 07:04:12 AM
PONZI BUBBLE!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: manuelsonn on November 29, 2017, 07:11:09 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on November 29, 2017, 11:39:16 AM
Quote from: jr on November 29, 2017, 11:38:27 AM
Wow, it seems to be crashing just after i sold LUL.

$9300

Timbuuuurrrr??
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on November 29, 2017, 11:43:12 AM
bubble.... thing is... we will be using a form of digital currency... its inevitable. interesting times
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on November 29, 2017, 11:45:57 AM
$9100
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: denarii on November 29, 2017, 11:53:03 AM
if it starts to fall there is no liquidity on the downside with crap like this
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 29, 2017, 11:55:37 AM
Quote from: denarii on November 29, 2017, 11:53:03 AM
if it starts to fall there is no liquidity on the downside with crap like this

Try explaining that to Gib. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on November 29, 2017, 12:16:15 PM
Quote from: Zillotch on November 29, 2017, 11:43:12 AM
we will be using a form of digital currency... its inevitable.

that fact will allow a few smart white people... to become extraordinarily wealthy.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 29, 2017, 12:48:52 PM
Quote from: Zillotch on November 29, 2017, 12:16:15 PM
that fact will allow a few smart white people... to become extraordinarily wealthy.

And enslave the rest of mankind.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on November 29, 2017, 12:55:34 PM
Quote from: Mr Anabolic on November 29, 2017, 12:48:52 PM
And enslave the rest of mankind.

smart. humanity is about to be rectum fuked by some very dark forces, for real tho
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on November 29, 2017, 05:08:59 PM
Quote from: Mr Anabolic on November 29, 2017, 12:48:52 PM
And enslave the rest of mankind.
Money already has mankind enslaved. This just moves the players doesn’t change the game.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 29, 2017, 05:17:11 PM
Quote from: HTexan on November 29, 2017, 05:08:59 PM
Money already has mankind enslaved. This just moves the players doesn’t change the game.

True.  But at least physical fiat currency still has anonymity, an all digital currency does not.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on November 29, 2017, 05:24:51 PM
Problem with bitcoin is you don’t know who is holding the vast majority of coins. There are a select few that own the majority.  All it takes is one big sale to tank the value.  Those early adopters mined the fuck out of it and are hoarding them. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 29, 2017, 05:54:19 PM
Quote from: Mr Anabolic on November 29, 2017, 12:48:52 PM
And enslave the rest of mankind.

Why is why any getbigger who does not want to become enslaved should buy now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 29, 2017, 05:57:24 PM
Quote from: Mr Anabolic on November 29, 2017, 05:17:11 PM
True.  But at least physical fiat currency still has anonymity, an all digital currency does not.
Huh? Digital currencies can be entirely anonymous. Just today I bought something with bitcoin. Totally anonymous if you transfer between two parties. Where it becomes known though is if you buy or sell via a US regulated exchange like Coinbase. (Same as if you trade stock in the US).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: luckyone on November 29, 2017, 08:14:00 PM
Quote from: gib on November 29, 2017, 05:54:19 PM
Why is why any getbigger who does not want to become enslaved should buy now.

Question for gib or others: What is your view or opinion on USI Tech? Scam or good way to invest in cryptocurrency??
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 29, 2017, 10:25:03 PM
Quote from: luckyone on November 29, 2017, 08:14:00 PM
Question for gib or others: What is your view or opinion on USI Tech? Scam or good way to invest in cryptocurrency??

USI tech is a scam. Stay well away.

If you want to invest in crypto keep it simple. Buy bitcoin (either via an exchange such as Coinbase) or directly from someone selling. Store it offline on a Trezor. Sit. And wait.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: luckyone on November 30, 2017, 01:16:40 AM
Quote from: gib on November 29, 2017, 10:25:03 PM
USI tech is a scam. Stay well away.

If you want to invest in crypto keep it simple. Buy bitcoin (either via an exchange such as Coinbase) or directly from someone selling. Store it offline on a Trezor. Sit. And wait.

What exactly is a TREZOR? Do you first establish a Coinbase account, and then get a TREZOR, or is it the reverse. Sorry for the noobee questions.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 30, 2017, 01:31:53 AM
Quote from: luckyone on November 30, 2017, 01:16:40 AM
What exactly is a TREZOR? Do you first establish a Coinbase account, and then get a TREZOR, or is it the reverse. Sorry for the noobee questions.

This is a Trezor. Buy on Coinbase and then transfer to Trezor. That takes your bitcoins off the Coinbase exchange meaning they can’t be stolen or seized etc.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 30, 2017, 07:39:56 AM
Quote from: gib on November 29, 2017, 05:57:24 PM
Huh? Digital currencies can be entirely anonymous. Just today I bought something with bitcoin. Totally anonymous if you transfer between two parties. Where it becomes known though is if you buy or sell via a US regulated exchange like Coinbase. (Same as if you trade stock in the US).

Cash out... the money goes into a bank account... taxman starts investigating.   Anonymous? 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 30, 2017, 07:43:22 AM
Quote from: gib on November 29, 2017, 05:54:19 PM
Why is why any getbigger who does not want to become enslaved should buy now.

As I stated above, all digital currency is worse than physical fiat currency.  

ANYTHING digital can be traced, tracked, hacked, stolen, deleted, etc.  At least there is anonymity with paper money.  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Shizzo on November 30, 2017, 07:57:36 AM
Quote from: Mr Anabolic on November 30, 2017, 07:43:22 AM
As I stated above, all digital currency is worse than physical fiat currency.  

ANYTHING digital can be traced, tracked, hacked, stolen, deleted, etc.  At least there is anonymity with paper money.  
That is right on. Digital currency is always traceable by someone. However, we have all heard the phrase: Under the table.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on November 30, 2017, 08:57:35 AM
Quote from: Mr Anabolic on November 30, 2017, 07:39:56 AM
Cash out... the money goes into a bank account... taxman starts investigating.   Anonymous? 
::)
Anytime you get a BANK involved or make huge purchase, it is reported to the IRS. What is your point? ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on November 30, 2017, 09:02:11 AM
Quote from: Shizzo on November 30, 2017, 07:57:36 AM
That is right on. Digital currency is always traceable by someone. However, we have all heard the phrase: Under the table.

its a matter of control... digital allows for complete control... ultimate power.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 30, 2017, 11:13:50 AM
Quote from: HTexan on November 30, 2017, 08:57:35 AM
::)
Anytime you get a BANK involved or make huge purchase, it is reported to the IRS. What is your point? ???

My point that any/all Blipcoin sales must be sent to a bank account then converted into currency before any profits/gains can be realized.  Those transactions are not anonymous, no matter what the blipcoin devotees claim. 

Physical cash can be kept in a home safe, and if purchases are kept small, are totally untraceable for the most part. 

Precious metals can be purchased with cash and sold with no record of the transaction.

Do you even have a point?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 30, 2017, 11:16:19 AM
Quote from: Shizzo on November 30, 2017, 07:57:36 AM
That is right on. Digital currency is always traceable by someone. However, we have all heard the phrase: Under the table.

That phrase only applies when the transaction of physical cash is involved.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on November 30, 2017, 11:50:31 AM
Quote from: Mr Anabolic on November 30, 2017, 11:13:50 AM
My point that any/all Blipcoin sales must be sent to a bank account then converted into currency before any profits/gains can be realized.  Those transactions are not anonymous, no matter what the blipcoin devotees claim. 

Physical cash can be kept in a home safe, and if purchases are kept small, are totally untraceable for the most part. 

Precious metals can be purchased with cash and sold with no record of the transaction.

Do you even have a point?

totally wrong. You can cash for your bitcoins a few different ways. You don't know much about bitcoins huh? :-\
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 30, 2017, 11:51:37 AM
Quote from: HTexan on November 30, 2017, 11:50:31 AM
totally wrong. You can cash for your bitcoins a few different ways. You don't know much about bitcoins huh? :-\

Describe the ways.  I like debating tulip coin morons.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: JAGO on November 30, 2017, 11:55:19 AM
We have Bitcoin ATM's all over Canada . . . Insert a card and get cash.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 30, 2017, 11:56:02 AM
Quote from: JAGO on November 30, 2017, 11:55:19 AM
We have Bitcoin ATM's all over Canada . . . Insert a card and get cash.

All transactions are recorded.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: JAGO on November 30, 2017, 12:00:01 PM
I can't say for sure and if they are, what is your point?

J
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 30, 2017, 12:11:19 PM
Quote from: JAGO on November 30, 2017, 12:00:01 PM
I can't say for sure and if they are, what is your point?

J

Booked/spent profits and transactions are traceable and taxable... it's NOT anonymous. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: JAGO on November 30, 2017, 12:24:20 PM
Quote from: Mr Anabolic on November 30, 2017, 12:11:19 PM
Booked/spent profits and transactions are traceable and taxable... it's NOT anonymous. 

Hum . . . The government would have to have knowledge of a bitcoin account and a constitutional right to access the information ( data.) Look at it this way, I get cash on a frequent basis, a few hundred to a thousand. I deposit it and spend it and not once have I been taxed on the interest it generates. I think any taxation of interest from BC would be years coming given the infrastructure needed to track, audit, and tax it. Just my thinking at the moment.

J
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 30, 2017, 12:36:52 PM
Quote from: JAGO on November 30, 2017, 12:24:20 PM
Hum . . . The government would have to have knowledge of a bitcoin account and a constitutional right to access the information ( data.) Look at it this way, I get cash on a frequent basis, a few hundred to a thousand. I deposit it and spend it and not once have I been taxed on the interest it generates. I think any taxation of interest from BC would be years coming given the infrastructure needed to track, audit, and tax it. Just my thinking at the moment.

J

A constitutional right to access the information?   ??? ::)   The IRS (and every other global tax authority) can do whatever it wants, whenever it wants.

This thread proves how naïve and delusional blipcoin devotees are.    
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on November 30, 2017, 12:43:29 PM
Quote from: Mr Anabolic on November 30, 2017, 12:36:52 PM
This thread proves how naïve and delusional    

have u noticed, that an alarming amount of men r incapable of logic now? this is dire, truly.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 30, 2017, 01:15:10 PM
Quote from: jr on November 30, 2017, 12:58:55 PM
You can buy and sell bitcoins on the website localbitcoins.com anonymously.

I don't know if you have this in the US but in Australian banks offer a sevice called "cardless cash". It for when people forgot or lost their ATM card, so they use their internet banking to create a cash withdrawal, the bank gives a code, then you go to the ATM and enter the code and cash comes out.

So if you wanted to sell bitcoins you get the other person to give you their code, then you go to their ATM and withdraw the cash without entering any personal details. Just wear a hat and sunglasses just in case there is a camera. Then you can store the cash under your matress.

With buying bitcoin you can deposit the cash at an ATM without leaving personal details.

EVERY digital transaction is traceable... ALL of them.  Nothing anonymous about it.

The ONLY assets that are anonymous is physical cash and gold and silver you bought with physical cash.   

Governments want to ban cash.  IMO, this is why governments have permitted cryptos to exist this long.  It's a beta test for what's coming.  NO ONE should be in favor of this.  You are trading your freedom and privacy for a digital get rich quick scam... that's sick.   
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on November 30, 2017, 02:19:27 PM
Bitcoin down to $9,704. It went down a few hundred dollars since yesterday!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: JAGO on November 30, 2017, 02:40:31 PM
Quote from: Mr Anabolic on November 30, 2017, 12:36:52 PM
A constitutional right to access the information?   ??? ::)   The IRS (and every other global tax authority) can do whatever it wants, whenever it wants.

This thread proves how naïve and delusional blipcoin devotees are.    

You are wrong. If Bitcoin is a new paradigm existing laws would not be applicable and easily changeable. If its not recognized as a currency it would not be covered under current taxation code and new laws would need to be pushed through your congress under you demented President. These new laws would need to be written under an umbrella of the constitution. Period. Delusional . . . If you want to act like a child so can I and as I looked at some of your back posts you are nothing more than a board loud mouth who shoots from the hip so you can argue just for that sake. Not to mention you cant spell or communicate in writing. My advice is to get your GED, but in the meantime  . . . An early Christmas present - www.grammarly.com

J
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 30, 2017, 03:40:19 PM
Quote from: JAGO on November 30, 2017, 02:40:31 PM
You are wrong. If Bitcoin is a new paradigm existing laws would not be applicable and easily changeable. If its not recognized as a currency it would not be covered under current taxation code and new laws would need to be pushed through your congress under you demented President. These new laws would need to be written under an umbrella of the constitution. Period. Delusional . . . If you want to act like a child so can I and as I looked at some of your back posts you are nothing more than a board loud mouth who shoots from the hip so you can argue just for that sake. Not to mention you cant spell or communicate in writing. My advice is to get your GED, but in the meantime  . . . An early Christmas present - www.grammarly.com
J

Pure obfuscation.  YOU are the delusional one.  You drank so much crypto Kool-Aid, you're drunk... so drunk that it has impaired all critical thinking processes you may have had.

Someone critiques your precious Ponzi tulips and pokes holes through your faulty logic, you shoot the messenger and start name calling.  Very, very typical of a diehard bitcoin devotee.  

Bitcoin is bubble Ponzi scheme... period.  Totally intangible and worthless.  It is a digital illusion of wealth.  The only reason you're in and defending this Ponzi scam is to get something for nothing and to get rich quick... no other reason.    
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on November 30, 2017, 03:48:34 PM
This is what life is all about! Reading two getbig economic intellectuals debating! There is nothing greater!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on November 30, 2017, 03:50:14 PM
Quote from: SF1900 on November 30, 2017, 03:48:34 PM
This is what life is all about! Reading two getbig economic intellectuals debating! There is nothing greater!!

u really do need to get out more... or, I recommend that u start smoking pot.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 30, 2017, 03:50:22 PM
Quote from: jr on November 30, 2017, 01:25:39 PM
Yes all transactions in bitcoin are permanently recorded on the blockchain by design. But if done right, it can be virtually impossible to tie a bitcoin address to a person.

When I bought physical gold and silver in the amounts I wanted, I had to do it through a bullion dealer which left a paper trail.

How do you buy gold anonymously, are there underground networks of gold trading I'm not aware of. It seems dangerous to physically transact gold with a stranger, I'd be scared of getting robbed. Or do some bullion dealers accept cash no questions asked, no receipts etc?

Either way, I don't own any bitcoin or precious metals at the moment so I am bearish on them both for now lol.

Let's see:  There's private transactions, local coins dealers/shops, internet forums, Craigslist and pawn shops. ALL cash transactions... no paper trails... totally private and untraceable.  Yes, there are some bullion dealers who take cash, but they usually have a limit of how much they can accept.    

Do not buy into the "bitcoin is anonymous" BS... it's simply not true.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on November 30, 2017, 03:52:33 PM
why would you want to be anonymous?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on November 30, 2017, 03:53:20 PM
Quote from: Zillotch on November 30, 2017, 03:50:14 PM
u really do need to get out more... or, I recommend that u start smoking pot.

I am out now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on November 30, 2017, 03:55:15 PM
The last posting from your IP was less than 30 seconds ago. Please try again later.... god fuking dammit. I think i've had enough.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on November 30, 2017, 03:56:21 PM
Posts: 38092

i think you posted enough
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 30, 2017, 03:57:26 PM
Quote from: ratherbebig on November 30, 2017, 03:52:33 PM
why would you want to be anonymous?

Blipcoin devotees think they are going to avoid paying taxes on their gains/profits.  They are fantasizing in their own little utopian dream world.  IRS will eventually find them.  Already happened to a close friend of mine.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on November 30, 2017, 04:02:24 PM
Quote from: Zillotch on November 30, 2017, 03:55:15 PM
The last posting from your IP was less than 30 seconds ago. Please try again later.... god fuking dammit. I think i've had enough.

 ;D ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on November 30, 2017, 04:05:17 PM
Quote from: ratherbebig on November 30, 2017, 03:52:33 PM
why would you want to be anonymous?
Not having to deal with exchanges when traveling, is one reason.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on November 30, 2017, 04:08:56 PM
Quote from: Mr Anabolic on November 30, 2017, 03:57:26 PM
Blipcoin devotees think they are going to avoid paying taxes on their gains/profits.  They are fantasizing in their own little utopian dream world.  IRS will eventually find them.  Already happened to a close friend of mine.

with the profits they are making on bitcoins they should afford to pay taxes
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 30, 2017, 04:14:26 PM
Quote from: ratherbebig on November 30, 2017, 04:08:56 PM
with the profits they are making on bitcoins they should afford to pay taxes

Sure, if they don't spend all the cash first.   
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on November 30, 2017, 04:34:14 PM
i would like to see a thread about all the stock you couldve bought the last 30+ years and how much money you would've made on that...

and then a thread about the real estate etc

why is bitcoin so special ? it isnt. just something nerds like to talk about.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on November 30, 2017, 05:59:59 PM
Quote from: ratherbebig on November 30, 2017, 04:08:56 PM
with the profits they are making on bitcoins they should afford to pay taxes
People are dumping their money into bitcoin to avoid paying taxes. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: JAGO on November 30, 2017, 06:34:42 PM
Quote from: Mr Anabolic on November 30, 2017, 03:40:19 PM
Pure obfuscation.  YOU are the delusional one.  You drank so much crypto Kool-Aid, you're drunk... so drunk that it has impaired all critical thinking processes you may have had.

Someone critiques your precious Ponzi tulips and pokes holes through your faulty logic, you shoot the messenger and start name calling.  Very, very typical of a diehard bitcoin devotee.  

Bitcoin is bubble Ponzi scheme... period.  Totally intangible and worthless.  It is a digital illusion of wealth.  The only reason you're in and defending this Ponzi scam is to get something for nothing and to get rich quick... no other reason.    

I can not fix what your mother did to you. Take care.

J
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on November 30, 2017, 07:26:56 PM
Quote from: JAGO on November 30, 2017, 12:00:01 PM
I can't say for sure and if they are, what is your point?

J


(https://media.giphy.com/media/3o6UB5RrlQuMfZp82Y/giphy.gif)




Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on November 30, 2017, 08:33:06 PM
BOOOOOM


https://www.yahoo.com/tech/coinbase-ordered-turn-over-data-235635616.html


"On Wednesday, a federal judge in San Francisco ruled that Coinbase must supply the IRS with identifying information on users who had more than $20,000 in annual transactions on its platform between 2013 and 2015"

"The IRS initially requested nine kinds of user data, including "complete user profiles, know-your-customer due diligence, documents regarding third-party access, transaction logs, records of payments processed, correspondence between Coinbase and Coinbase users, account or invoice statements and records of payments."

"Rejecting some of those requests, today the court narrowed the scope of documents that the IRS can request from Coinbase to taxpayer ID number, name, date of birth, address, transaction logs and account statements, deeming the rest of the documents "not necessary." Again, these personal data requests will only apply to accounts that have bought, sold, sent or received more than $20,000 in any of those types of transactions between 2013 and 2015."

At 10k per coin, that's 3-4k to the govt PER COIN on all coins held since last year. They have already proven that they can do this retroactively. There is no such thing as easy legal gains.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on November 30, 2017, 08:47:06 PM
Gib you better take some profits soon.


At a White house presser, Sarah Huckabee Sanders:

"Bitcoin is something that is being monitored by our team...Homeland Security is involved."
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 30, 2017, 09:56:59 PM
Quote from: Mr Anabolic on November 30, 2017, 03:57:26 PM
Blipcoin devotees think they are going to avoid paying taxes on their gains/profits.  They are fantasizing in their own little utopian dream world.  IRS will eventually find them.  Already happened to a close friend of mine.

Many of us don't live in the US where we have blood sucking IRS trying to steal from us - so we keep all our gains and pay zero tax on all gains - IRS in the US can only really find out if you buy via an exchange - and in such a case you are paying taxes just like you would be paying for gains for companies bought on the stock exchange so nothing unusual there - except for BTC you also buy peer to peer entirely anon and therefore avoid the exchange and avoid the IRS
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 30, 2017, 10:01:02 PM
Oh and now I read that PWC one of the largest accounting firms in the world will start accepting BTC as payment in HK - and I bet they don't accept gold Mr Anabolic - just another sign of the move towards legitimacy and mainstream for BTC as the modern day equavelent of gold

www.scmp.com/business/companies/article/2122349/accounting-big-four-pwc-accepts-bitcoin-payment-hong-kong
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 30, 2017, 10:02:43 PM
Quote from: gib on November 30, 2017, 10:01:02 PM
Oh and now I read that PWC one of the largest accounting firms in the world will start accepting BTC as payment in HK - and I bet they don't accept gold Mr Anabolic - just another sign of the move towards legitimacy and mainstream for BTC as the modern day equavelent of gold

www.scmp.com/business/companies/article/2122349/accounting-big-four-pwc-accepts-bitcoin-payment-hong-kong

“As the firm works increasingly with companies in the digital asset and cryptocurrency space, it believes that accepting such payments will evolve into an element of doing business in the normal course,” said the statement.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 30, 2017, 10:18:21 PM
Quote from: Mr Anabolic on November 30, 2017, 07:39:56 AM
Cash out... the money goes into a bank account... taxman starts investigating.   Anonymous? 

I’ve tried to explain this many times. First of all, in many countries you don’t pay tax on any capital gain. In some countries it depends on if you could be classified as a professional trader (in which case it might be taxable) or if it was simply an “incidental gain”.

Further if you buy/sell peer to peer (and accept payment in cash, or gold or services) then its anon. What many will do in the future is to have a stash of btc massively risen in value and realise their gains by spending btc over time for goods and services in whatever country they happen to be in.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on November 30, 2017, 10:21:31 PM
Gib, Getbig's own financial Icarus.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 01, 2017, 05:11:46 AM
Quote from: gib on November 30, 2017, 09:56:59 PM
Many of us don't live in the US where we have blood sucking IRS trying to steal from us - so we keep all our gains and pay zero tax on all gains - IRS in the US can only really find out if you buy via an exchange - and in such a case you are paying taxes just like you would be paying for gains for companies bought on the stock exchange so nothing unusual there - except for BTC you also buy peer to peer entirely anon and therefore avoid the exchange and avoid the IRS

Yeah I know... foreign tax authorities can't find you or tax your bitcoins... you're special.

lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 01, 2017, 05:14:03 AM
Quote from: gib on November 30, 2017, 10:18:21 PM
I’ve tried to explain this many times. First of all, in many countries you don’t pay tax on any capital gain. In some countries it depends on if you could be classified as a professional trader (in which case it might be taxable) or if it was simply an “incidental gain”.

Further if you buy/sell peer to peer (and accept payment in cash, or gold or services) then its anon. What many will do in the future is to have a stash of btc massively risen in value and realise their gains by spending btc over time for goods and services in whatever country they happen to be in.

Again... taxes and tax laws don't apply to you... you're special.   

::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 01, 2017, 05:23:09 AM
Quote from: gib on November 30, 2017, 10:01:02 PM
Oh and now I read that PWC one of the largest accounting firms in the world will start accepting BTC as payment in HK - and I bet they don't accept gold Mr Anabolic - just another sign of the move towards legitimacy and mainstream for BTC as the modern day equavelent of gold

www.scmp.com/business/companies/article/2122349/accounting-big-four-pwc-accepts-bitcoin-payment-hong-kong

Everyone accepts gold.  Everyone knows what gold is... every person in the most developed nations and in 3rd world countries... rich people, and poor people... they ALL cherish it and know gold has value.  Governments and banks hoard it.  A storage of wealth for the last 5000+ years.  

All this is going to change because you and a few other techie snowflakes say so?    ::)  

Better cash in some of those bitcoins and get some gold.  Even better, get a few thousand ounces of silver while it's dirt cheap.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 01, 2017, 05:36:15 AM
Quote from: Mr Anabolic on December 01, 2017, 05:23:09 AM
Everyone accepts gold.  Everyone knows what gold is... every person in the most developed nations and in 3rd world countries... rich people, and poor people... they ALL cherish it and know gold has value.  Governments and banks hoard it.  A storage of wealth for the last 5000+ years.  

All this is going to change because you and a few other techie snowflakes say so?    ::)  

Better cash in some of those bitcoins and get some gold.  Even better, get a few thousand ounces of silver while it's dirt cheap.

Huh? Have you actually tried paying for anything in gold? Almost no one accepts it as payment. The role of gold is really now more as a store of value. Bitcoin on the other hand is being increasingly accepted for everyday payments as well as being a store of value.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 01, 2017, 05:39:22 AM
Quote from: Mr Anabolic on December 01, 2017, 05:14:03 AM
Again... taxes and tax laws don't apply to you... you're special.   

::)

Actually the vast vast majority of people in the world don’t pay tax. Remember that bitcoins are a GLOBAL currency (not just US). Further even for the small % of people who do pay taxes, a significant number would want to avoid paying taxes (hence cash under the table or bitcoins).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on December 01, 2017, 05:39:42 AM
i was at a bar last night, bartender wouldnt accept bitcoins so i had to clean dishes after they closed  >:(
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 01, 2017, 05:40:59 AM
Quote from: Mr Anabolic on December 01, 2017, 05:11:46 AM
Yeah I know... foreign tax authorities can't find you or tax your bitcoins... you're special.

lol

Not quite. Rather foreign tax authorities dont tax bitcoins. (At least in those countries where I choose to reside). But even for you poor oppressed Americans, bitcoins still provide a decent chance of avoiding taxes (but even if not, I don’t see how that negates from the validity of bitcoin as an store of value and method of exchange).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 01, 2017, 05:50:18 AM
Quote from: gib on December 01, 2017, 05:36:15 AM
Huh? Have you actually tried paying for anything in gold? Almost no one accepts it as payment. The role of gold is really now more as a store of value. Bitcoin on the other hand is being increasingly accepted for everyday payments as well as being a store of value.

If I can still use green rectangles, I wouldn't want to pay for anything in gold.  I'll wait until the inevitable financial crash comes to do that.

And no, blipcoins are not accepted at any retail or food stores near me.  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 01, 2017, 06:25:46 AM
Quote from: gib on December 01, 2017, 05:40:59 AM
Not quite. Rather foreign tax authorities dont tax bitcoins. (At least in those countries where I choose to reside). But even for you poor oppressed Americans, bitcoins still provide a decent chance of avoiding taxes (but even if not, I don’t see how that negates from the validity of bitcoin as an store of value and method of exchange).

Maybe you can teach me how to use the Mak'tar Stealth Haze?

(http://cdn.hark.com/images/000/985/112/985112/original.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: JAGO on December 01, 2017, 06:30:56 AM
Quote from: gib on December 01, 2017, 05:40:59 AM
Not quite. Rather foreign tax authorities dont tax bitcoins. (At least in those countries where I choose to reside). But even for you poor oppressed Americans, bitcoins still provide a decent chance of avoiding taxes (but even if not, I don’t see how that negates from the validity of bitcoin as an store of value and method of exchange).

We should feel very special that these folks care so much about our financial situation as to take the time to warn us about Bitcoin. Anyone who doesn't care or see the investment value in Bitcoin or any cc, stay the fuck out of the thread.

J
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 01, 2017, 07:01:08 AM
Quote from: JAGO on December 01, 2017, 06:30:56 AM
We should feel very special that these folks care so much about our financial situation as to take the time to warn us about Bitcoin. Anyone who doesn't care or see the investment value in Bitcoin or any cc, stay the fuck out of the thread.
J

Plenty of bitcoin forums out there to circle jerk on, why here?... gloating/bragging, no other reason.  

Bitcoin devotees cannot debate anyone with logic and hard facts.  When someone disagrees and points out the obvious flaws in their thinking, they are attacked and belittled.  Sounds like a religion doesn't it?  

When one becomes emotionally attached to any one particular asset class or investment (gulp!), that's usually the time to exit.

Bitcoins futures start trading on Dec 18th.  If you are smart, you'll take your profits before that happens.  The banksters will be able to push the price down via naked shorting, just like they've done with precious metals.  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 01, 2017, 07:36:28 AM
Quote from: gib on November 30, 2017, 10:01:02 PM
I bet they don't accept gold

I do that sometimes.... type really dumb shit, know its fuked... but hit post anyway, lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on December 01, 2017, 09:48:16 AM
Quote from: JAGO on December 01, 2017, 06:30:56 AM
We should feel very special that these folks care so much about our financial situation as to take the time to warn us about Bitcoin. Anyone who doesn't care or see the investment value in Bitcoin or any cc, stay the fuck out of the thread.

J


Meltdown.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: JAGO on December 01, 2017, 10:07:53 AM
Quote from: SOMEPARTS on December 01, 2017, 09:48:16 AM

Meltdown.

It sure was.

J
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: JAGO on December 01, 2017, 10:08:34 AM
Quote from: Mr Anabolic on December 01, 2017, 07:01:08 AM
Plenty of bitcoin forums out there to circle jerk on, why here?... gloating/bragging, no other reason.  

Bitcoin devotees cannot debate anyone with logic and hard facts.  When someone disagrees and points out the obvious flaws in their thinking, they are attacked and belittled.  Sounds like a religion doesn't it?  

When one becomes emotionally attached to any one particular asset class or investment (gulp!), that's usually the time to exit.

Bitcoins futures start trading on Dec 18th.  If you are smart, you'll take your profits before that happens.  The banksters will be able to push the price down via naked shorting, just like they've done with precious metals.  

You age ( 51 ) that's months, right?

J
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 01, 2017, 01:00:53 PM
Quote from: JAGO on December 01, 2017, 10:08:34 AM
You age ( 51 ) that's months, right?


Some rebuttal.

That's ALL you got?

lol

You cannot debate me and win... little boy.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 01, 2017, 01:33:24 PM
Quote from: Mr Anabolic on December 01, 2017, 05:50:18 AM
If I can still use green rectangles, I wouldn't want to pay for anything in gold.  I'll wait until the inevitable financial crash comes to do that.

And no, blipcoins are not accepted at any retail or food stores near me.  

Noted. But my point here (and I think you get it) is that gold, in reality and for practical purposes, is less accepted as a currency for daily transactions than you might think. BTC on the other hand is increasingly accepted (both for online purchases- you can’t exactly zap an gold coin or a denomination of it down the line through the internet) and for face to face purchases for goods and services (maybe not where you live but quite commonly so in certain other countries, and increasingly so as people carry around mobile phones In their pockets). So if it’s not commonly used where you live now, ask yourself this - will the usage become more common over time compared to gold, or less common? I’m helping you work this out Mr Anabolic- you are a smart guy. I’ve been through all the same reasoning you are going through...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 01, 2017, 01:43:25 PM
Quote from: Mr Anabolic on December 01, 2017, 05:50:18 AM
If I can still use green rectangles, I wouldn't want to pay for anything in gold.  I'll wait until the inevitable financial crash comes to do that.

And no, blipcoins are not accepted at any retail or food stores near me.  

You do realise that those little green rectangles over time are going away right? The government wants to move to a digital currency than can be fully traded/taxed and not counterfeited.

So over time, even “old folks” will become accustomed to digital currency and transactions, and a more and more solid acceptance and infrastructure will develop around e-payments. Now,
here’s the thing - many people may not care that they are being tracked - and many may have no choice - eg welfare recipients, military personnel, government employees, government contractors - but many will care, for various reasons. So, many will prefer to use BTC (both on the US and especially internationally). And bitcoin cannot be stopped (again don’t confuses exchanges with peer to peer). So now ask yourself, as we move to digital currency, would you prefer to use one that can be tracked/taxed/devalued or one that is mathematically limited in supply and can be exchanged and transacted with anonymously?

You will get there!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 01, 2017, 01:54:54 PM
Quote from: JAGO on December 01, 2017, 10:08:34 AM
You age ( 51 ) that's months, right?

J

I had to laugh at this, not because of the 51 months thing but because I realised just now you can check a persons age on their profile - and I checked Mr Anabllic’s age is 51. Which by the way is a fine age to be - a good solid age in life. But it matches perfectly with an earlier comment about the very distinct age gap that exists among bitcoin buyers. Basically for kids who grew up with computers and the internet, bitcoins make perfect sense. For those who didn’t, they still feel more comfortable with “physical money”.

Now, ask yourself this - as time passes, will the % of people who grew up with the internet increase, or decrease, compared with the pre-PC population?

Again, I will help you work this out Mr A - I’m a few steps ahead of you and a few years younger in age.

PS - I have not checked my own age as indicated on my profile but for privacy reasons I have always used fake ages for online accounts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 01, 2017, 02:13:43 PM
Quote from: gib on December 01, 2017, 01:33:24 PM
Noted. But my point here (and I think you get it) is that gold, in reality and for practical purposes, is less accepted as a currency for daily transactions than you might think. BTC on the other hand is increasingly accepted (both for online purchases- you can’t exactly zap an gold coin or a denomination of it down the line through the internet) and for face to face purchases for goods and services (maybe not where you live but quite commonly so in certain other countries, and increasingly so as people carry around mobile phones In their pockets). So if it’s not commonly used where you live now, ask yourself this - will the usage become more common over time cd gold, or less common? I’m helping you work this out Mr Anabolic- you are a smart guy. I’ve been through all the same reasoning you are going through...


I think I've made my case in this thread.   I'm done debating.  Good luck Gib... seriously.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 01, 2017, 02:16:25 PM
Quote from: Mr Anabolic on December 01, 2017, 07:01:08 AM
When one becomes emotionally attached to any one particular asset class or investment (gulp!), that's usually the time to exit.
  

This is one of your better points. It bothered me too, and I thought about it a lot before investing. I’ve seen Amway pitches and ponzie pitches and I’ve observed the whole “you just have to have faith” arguments from religious nutters when you try to debate the existence of God. But here’s the thing - and think about it for a bit - have you ever spoken to a gold bug? Have you ever debated about the inherent value of a useless lump of metal with a gold bug? The value of gold is backed by nothing other than collective faith - that’s it. And what we are seeing right now is the rise of a new religion a - one which powerfully resonates with the new generation and one which is directly and mathematically self fulfilling.

Now let me ask you this - which religion do you think is going to have a faster growth in disciples? Gold or Bitcoin? Which religion is going to decline overtime. And how many who believe in gold will “cross over”’ to bitcoin because some of the same “religious themes” make sense to and resonante or appeal to them (kind of like the new age religions we see).

Again Mr A, I have thought of all of this prior to investing. What I picked up on was a trend - one as rational (or irrational as the belief in gold). Then I had to make decision on how long this trend would continue- and I concluded it would run for many more years yet and massively and exponentially snowball. (How I did that I can explain in another post).

So again, I understand what you are going through- I sense you’ve done a little reading and research - suggest you do a little more. Watch some bitcoin YouTube presentations- go to some crypto to tech meet ups. You will get there!

As for futures trading I think I have explained before that this is a huge positive - it’s a further step acknowledging btc as a mainstream tradable asset and it will increase liquidity. Further for every short position there can be a long- and now ask yourselves this - are the new generation of traders more inclined to be pro crypto and blockchain, or anti? We are going to see massive movements out of gold and into BTC over time. Bear in mind that even just a 1% shift from gold to BTC will result in the price of BTC doubling...

Ok, now think a bit. Read. Speak to younger people. You will get there. I’ve said it before - for many owning a single coin is still in reach. Buy now and secure your future for life.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 01, 2017, 02:17:59 PM
Quote from: Mr Anabolic on December 01, 2017, 02:13:43 PM
I think I've made my case in this thread.   I'm done debating.  Good luck Gib... seriously.

Thanks man. Let’s relook at this thread in 5 years time and have a laugh either way. Your a good guy and it’s been a good discussion.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 01, 2017, 02:31:49 PM
And right on point - BTC futures trading is underway ...

www.coindesk.com/bitcoin-price-pushes-above-10500-on-u-s-futures-listings/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 01, 2017, 02:36:13 PM
Quote from: gib on December 01, 2017, 02:16:25 PM
This is one of your better points. It bothered me too, and I thought about it a lot before investing. I’ve seen Amway pitches and ponzie pitches and I’ve observed the whole “you just have to have faith” arguments from religious nutters when you try to debate the existence of God. But here’s the thing - and think about it for a bit - have you ever spoken to a gold bug? Have you ever debated about the inherent value of a useless lump of metal with a gold bug? The value of gold is backed by nothing other than collective faith - that’s it. And what we are seeing right now is the rise of a new religion a - one which powerfully resonates with the new generation and one which is directly self fulfilling.

Now let me ask you this - which religion do you think is going to have a faster growth in disciples? Gold or Bitcoin? Which religion is going to decline overtime. And how many who believe in gold will “cross over”’ to bitcoin because some of the themes make sense to them (kind of like the new age religions we see).

Again Mr A, I have thought of all of this prior to investing. What I picked up on was a trend - one as rational (or irrational as the belief in gold). Then I had to make decision on how long this trend would continue- and I concluded it would run for many more years yet and massively and exponentially snowball. (How I did that I can explain in another post).

So again, I understand what you are going through- I sense you’ve done a little reading and research - suggest you do a little more. Watch some bitcoin YouTube presentations- go to some crypto to tech meet ups. You will get there!

As for futures trading I think I have explained before that this is a huge positive - it’s a further step acknowledging btc as a tradable asset and it will increase liquidity. Further for every short position there can be a long- and now ask yourselves this - are the new generation of traders more inclined to be pro crypto and blockchain, or anti? We are going to see massive movements out of gold and into BTC over time. Bear in mind that even just a 1% shift from gold to BTC will result in the price of BTC doubling...

Ok, now think a bit. Read. Speak to younger people. You will get there. I’ve said it before - for many owning a single coin is still in reach. Buy now and secure your future for life.

One last response...

As I've said before, I am not a gold "bug".  I am a cycles/contrary investor.  PM's are very close to being hated now... that's a great opportunity.  Could take a long time for PMs to reach the prices where there should be.  There will be another VERY large financial/economic downturn in within the next few years.  I have my all my positions in place, now all I have to do is wait.

IMO, all the biggest % gains in bitcoin have been made already.  For those who bought in early, that was the easy money.  I see some more upside here, but not that much... $13K - 15K tops, still wouldn't touch it at current levels... too many things can go wrong, for whatever reason.      
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 01, 2017, 02:54:17 PM
Quote from: Mr Anabolic on December 01, 2017, 02:36:13 PM
One last response...

As I've said before, I am not a gold "bug".  I am a cycles/contrary investor.  PM's are very close to being hated now... that's a great opportunity.  Could take a long time for PMs to reach the prices where there should be.  There will be another VERY large financial/economic downturn in within the next few years.  I have my all my positions in place, now all I have to do is wait.

IMO, all the biggest % gains in bitcoin have been made already.  For those who bought in early, that was the easy money.  I see some more upside here, but not that much... $13K - 15K tops, still wouldn't touch it at current levels... too many things can go wrong, for whatever reason.      

Got. I’m inclined to agree with this and see where you are coming from. It’s quite possible that gold could have a bit of a resurgence.

Interesting observation that you seem to have, ratcheted up your guesstimate at to where btc might peak at - just sayin ... :)

But seriously I hope others enjoy the read. If either of us have helped others in making money (or not losing it) then all good. Time will tell!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 01, 2017, 04:30:31 PM
Quote from: jr on September 01, 2017, 12:42:50 PM
I have a personal aversion to buying at all time highs because I pessimistically think that I would be buying the top, and the prices will collapse as soon as I press the BUY button. But that is just my negative thinking. It's up to the individual at the end of the day.

If you would have bought when you made this post you would have already doubled your money ...”.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 01, 2017, 04:34:32 PM
Quote from: gib on September 02, 2017, 07:17:35 AM
Could easily get to 10k per coin by year end. We are far from the point where he average man in the street is buying. It's still really geeks and bankers (and a few getbiggers). But just imagine when this goes mainstream.

Oh and look who was exactly right with his prediction ... :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 01, 2017, 04:43:49 PM
Quote from: Mr Anabolic on September 04, 2017, 08:26:09 AM

Me thinks $5000 was THE top.  Let's see if I'm right.

Just for the record you were NOT right. Indeed you were very wrong. And I in fact was right (see my post above).

Now again, you still have plenty of time. Think for a while. There is nothing wrong with being wrong and acknowledging it. I respect people who do that. But I have less respect for people who are stubborn or pigheaded for the sake of pride.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 01, 2017, 04:47:48 PM
if this shit does go nuts, and we ride bitcoin all the way to hell... can u imagine what a single bitcoin will be worth?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Tennisballz on December 01, 2017, 05:00:47 PM
Quote from: gib on December 01, 2017, 04:43:49 PM
Just for the record you were NOT right. Indeed you were very wrong. And I in fact was right (see my post above).

Now again, you still have plenty of time. Think for a while. There is nothing wrong with being wrong and acknowledging it. I respect people who do that. But I have less respect for people who are stubborn or pigheaded for the sake of pride.

I dont own a bitcoin but have considered buying one.  Being 10k at this point already eliminates the vast majority from buying one, which would put those who can buy one into an elite group.  I am looking into coinbase this weekend. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 01, 2017, 05:01:43 PM
Now bitcoin is close to $11,000K!!

GIB may be onto something!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 01, 2017, 05:06:51 PM
Quote from: jr on December 01, 2017, 04:53:51 PM
I bought before that post and I much more than doubled my money. It's sitting as cash at the exchange at the moment. I sold them at around $10,500.

Also, the first time I bought bitcoin was in 2013 Mt Gox days when bitcoin was around $100. I sold them though, didn't hold for too long, missed the bull run to $1000.

Damn. Imagine if you had held!

And as for not buying at the “top of be market” imagine if you had applied this thinking to any well performing stock. A “top” in the present time can become cheap in hindsight if you buy something with fundamental value or spot a rising trend.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 01, 2017, 05:08:20 PM
Quote from: Tennisballz on December 01, 2017, 05:00:47 PM
I dont own a bitcoin but have considered buying one.  Being 10k at this point already eliminates the vast majority from buying one, which would put those who can buy one into an elite group.  I am looking into coinbase this weekend. 

You can buy in any denomination. Currently the smallest bitcoin a so called santoshi will cost less than 1 cent.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Tennisballz on December 01, 2017, 05:18:06 PM
Quote from: gib on December 01, 2017, 05:08:20 PM
You can buy in any denomination. Currently the smallest bitcoin a so called santoshi will cost less than 1 cent.
oh ok.  Would you recommend starting with a coinbase account?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 01, 2017, 05:24:49 PM
Quote from: Zillotch on December 01, 2017, 04:47:48 PM
if this shit does go nuts, and we ride bitcoin all the way to hell... can u imagine what a single bitcoin will be worth?

for some reason... I just dont think it will be bitcoin. the picture is not complete yet
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: JAGO on December 01, 2017, 08:09:35 PM
Quote from: Mr Anabolic on December 01, 2017, 01:00:53 PM
Some rebuttal.

That's ALL you got?

lol

You cannot debate me and win... little boy.

I hope you get AIDS
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 01, 2017, 08:11:48 PM
lol aids? thats harsh.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on December 01, 2017, 08:48:11 PM
Quote from: Tennisballz on December 01, 2017, 05:00:47 PM
I dont own a bitcoin but have considered buying one.  Being 10k at this point already eliminates the vast majority from buying one, which would put those who can buy one into an elite group.  I am looking into coinbase this weekend. 


Don't use Coinbase. Use open source Bread wallet app and buy local. You aren't going to want to be in that Coinbase database.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 02, 2017, 01:55:27 AM
$11,200
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 03, 2017, 04:00:02 AM
$11,300
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 03, 2017, 04:18:28 AM
I guarantee we will soon see a US listed bitcoin ETF. This will
trade and be quoted alongside gold, further legitimizing it’s status.

Many are picking a price of usd 40k per coin by end of 2018.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 03, 2017, 04:43:07 AM
Mr Anabolic - what we will soon start to witness is high net worth individuals saying to their private bankers “tell me about them newfangled cyber coins I been hearing that all these young whippersnappers are buyin”. And the banks, who don’t want to be left behind or appear uninformed or outdone will bring out their young “crypto investment analyst” who will provide a seemingly educated explanation ending with something like “so at this stage whilst you should have some exposure we wouldn’t recommend more than 1% of your portfolio allocation”.

“Good” will be the reply. “Get me $500,000 worth”. And it will be done (with the private banker making money on both the annual cut he takes on the total managed amount along with a transaction fee).

Then, guess what that HNW will talk about at his next golf game, yacht outing or cocktail event? “I bought myself some of those new fangled bitcoins. Already gone up x%...”. Similarly their trophy wives are having similar conversations whilst getting their nails done, pussies waxed, lips plumped ...”. Their mistresses will be wanting payment in bitcoins (and yes it is 100% anonymous despite your earlier claims to the contrary). And on it goes.

And then, as all this start happening, do you think the Rothchilds, Gates, Blankfein, Bezos, Soros’s of the world
are going to sit idol as their USD wealth is displaced? Not a chance. They will move in BIG time. Again, for anyone who does not want to be relegated to a slave in the new world you can see the writing on the wall. Buy just a single coin to secure your future!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 03, 2017, 05:46:43 AM
Quote from: gib on December 03, 2017, 04:43:07 AM
Mr Anabolic - what we will soon start to witness is high net worth individuals saying to their private bankers “tell me about them newfangled cyber coins I been hearing about”. And the banks, who don’t want to be left behind or appear behind then times or outdone will bring out their young “crypto investment analyst” who will provide a seemingly educated explanation ending with something like “so at this stage we wouldn’t recommend more than 1% of your portfolio allocation.

“Good” will be the reply. “Get me $500,000 worth”. And it will be done (with the private banker making money on both the annual cut he takes on the total managed amount along with a transaction fee).

Then, guess what that HNW will talk about at his next golf game, yacht outing or cocktail event? “I bought myself some of those new fangled bitcoins. Already gone up x%...”. Similarly their wives are having similar conversations whilst getting their nails done, pussies waxed, lips plumped ...”. And on it goes.

And then, as all this start happening, do you think the Rothchilds, Gates, Blankfein, Bezos, Soros’s of the world
are going to sit idol as their USD wealth is displaced? Not a chance. They will move in BIG time. Again, for anyone who does not want to be relegated to a slave in the new world you can see the writing on the wall. Buy just a single coin to secure your future!


Why are you trolling me?  I already said everything I have to say.  If you're so convinced bitcoin will hit 100K, then 1 mil... great.  Go celebrate with a bottle of Dom and rent a few high class whores... shouldn't cost more than 1 bitcoin.  

That said, I think you might have a fever or something.  To be optimistic and excited is one thing, but you're going overboard with euphoria, bordering on delusional.  You should consider a psychological evaluation.

Again, take a long look at this chart...

(https://einvestingforbeginners.com/wp-content/uploads/2014/02/bubble-phases.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 03, 2017, 06:05:22 AM
Quote from: Mr Anabolic on December 03, 2017, 05:46:43 AM
Why are you trolling me?  I already said everything I have to say.  If you're so convinced bitcoin will hit 100K, then 1 mil... great.  Go celebrate with a bottle of Dom and rent a few high class whores... shouldn't cost more than 1 bitcoin.  

That said, I think you might have a fever or something.  To be optimistic and excited is one thing, but you're going overboard and sounding fanatical, very emotional and melodramatic.  You should consider a psychological evaluation.

Not trolling! Indeed I have acknowledged you as being one of the more financially savvy and helpful posters here. However I will debate with you if I think you are incorrect and I will further call out if you have been objectively proven wrong.

As for a psychological evaluation, I am actually a qualified psychologist so I think I’m pretty ok.

This discussion is not so much about me. Rather it’s about others who stand to benefit, including you!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 03, 2017, 06:06:51 AM
Quote from: gib on December 03, 2017, 06:05:22 AM
Not trolling! Indeed I have acknowledged you as being one of the more financially savvy and helpful posters here. However I will debate with you if I think you are incorrect and I will further call out if you have been objectively proven wrong.

As for a psychological evaluation, I am actually a qualified psychologist so I think I’m pretty ok.

This discussion is not so much about me. Rather it’s about others who stand to benefit, including you!

PS - $11,400

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 03, 2017, 06:20:46 AM
Quote from: gib on December 03, 2017, 06:05:22 AM
Not trolling! Indeed I have acknowledged you as being one of the more financially savvy and helpful posters here. However I will debate with you if I think you are incorrect and I will further call out if you have been objectively proven wrong.

As for a psychological evaluation, I am actually a qualified psychologist so I think I’m pretty ok.

This discussion is not so much about me. Rather it’s about others who stand to benefit, including you!

No, the discussion IS ALL about you!  You're exhibiting narcissistic behavior here. 

I'm not wrong, just early.  Ponzi schemes can (and often do) go on for a very long time.  Anybody foolish enough to buy at this level is going to get hosed big time.  It will collapse eventually, then you will disappear like a fart in the wind, never to return to this thread again.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 03, 2017, 06:25:58 AM
Quote from: Zillotch on November 29, 2017, 11:43:12 AM
we will be using a form of digital currency... its inevitable.

Quote from: Zillotch on November 29, 2017, 12:16:15 PM
that fact will allow a few smart white people... to become extraordinarily wealthy.

everyone should become as much of an expert on this topic as humanly possible - right now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Rascal full on December 03, 2017, 06:43:14 AM
What do you guys think of other Crypto Currencies like Monero, Litecoin, Dash and Ripple? I have started trading these instruments on a very small scale just recently and love to have people's thoughts and advice.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on December 03, 2017, 06:44:28 AM
Quote from: Rascal full on December 03, 2017, 06:43:14 AM
What do you guys think of other Crypto Currencies like Monero, Litecoin, Dash and Ripple? I have started trading these instruments on a very small scale just recently and love to have people's thoughts and advice.

Dash has been on quite the move lately.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Rascal full on December 03, 2017, 06:52:56 AM
Quote from: robcguns on December 03, 2017, 06:44:28 AM
Dash has been on quite the move lately.

You already heavily invested Rob? What's your thoughts over all, long term earner or short term opportunity to get in and out with as much loot as possible?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on December 03, 2017, 07:02:16 AM
Quote from: Rascal full on December 03, 2017, 06:52:56 AM
You already heavily invested Rob? What's your thoughts over all, long term earner or short term opportunity to get in and out with as much loot as possible?

Short term on the smaller ones and long term on bitcoin.I bought .75 of bitcoin when it was 7800.Also bought a few thousand of the smaller ones.Im Very interested in EOS as it has doubled since I bought it and read it has a lot of potential.bought some dash and it’s doing great so far,prob long term dash as well.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 03, 2017, 07:09:25 AM
Quote from: Rascal full on December 03, 2017, 06:43:14 AM
What do you guys think of other Crypto Currencies like Monero, Litecoin, Dash and Ripple? I have started trading these instruments on a very small scale just recently and love to have people's thoughts and advice.

I would be cautious. The number of currencies they can be created are infinite. Only a few will survive long term. Just like how gold emerged as the collective choice among all metals to be used as a method of exchange and a store of value. Look at what has the critical mass. What every new investor will buy. What every conservative pension fund will buy. It’s bitcoin. I would be very careful with anything else.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 03, 2017, 07:31:26 AM
Quote from: Mr Anabolic on December 03, 2017, 06:20:46 AM
No, the discussion IS ALL about you!  You're exhibiting narcissistic behavior here.  

I'm not wrong, just early.  Ponzi schemes can (and often do) go on for a very long time.  Anybody foolish enough to buy at this level is going to get hosed big time.  It will collapse eventually, then you will disappear like a fart in the wind, never to return to this thread again.

You were wrong in predicting that 5k was the top. That was a prediction that was with certainty proven incorrect. (And similarly my prediction that we would see 10k by year end was 100% proven correct.

And you were wrong in stating that bitcoin transactions were not anonymous.

But now, finally I see we are making progress with you. You have acknowledged that “Ponzi schemes can (and often do) go on for a very long time.” So just maybe, you are starting to accept that just like the gold “ponzi
scheme” the bitcoin “ponzi scheme”’ can run for much longer yet. And if so, then your self-acknowledged “I was just early” could end up costing you big time.

By the way, if you understand the origins behind bitcoin you will realise that Ponzi is not appropriate to use as there’s no fraud here being committed to the benefit of any person. However the debate about whether its a “bubble” is more valid.  

As for your statement that “Anybody foolish enough to buy at this level is going to get hosed big time” please be assured that I will also be back to quote this post by you in the future when we get to 40k (just because I like reminding people who make statements, when they where proven wrong by history and hindsight).

As for now helping others can be as narcissistic I am not sure. If anything I am being altruistic (as genuinely believe you are intending to be too).

I’ll say it again. You will be owning and using bitcoin (and the very first time you buy/transact/receive you will be thinking of me! So you might as well just buy now :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 03, 2017, 07:33:03 AM
Quote from: gib on December 03, 2017, 07:31:26 AM
You were wrong in predicting that 5k was the top. That was a prediction that was with certainty proven incorrect. (And similarly my prediction that we would see 10k by year end was 100% proven correct.

And now, finally I see we are making progress with you. You have acknowledged that “Ponzi schemes can (and often do) go on for a very long time.” So just maybe, you are starting to accept that just like the gold “ponzie
scheme” bitcoin coin run for much longer yet. And if so, then your self-acknowledged “I was just early” could end up costing you big time.

I will also quote this post by you in the future when we get to 40k (just because I like reminding people who make statements, when they where proven wrong by history and hindsight).

As for now helping others can be as narcissistic I am not sure. If anything I am being altruistic (as genuinely believe you are intending to be too).

I’ll say it again. You will be owning and using bitcoin (and the very first time you buy/transact/receive you will be thinking of me! So you might as well just buy now :)


Oh, and $11,500.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 03, 2017, 07:48:03 AM
Quote from: robcguns on December 03, 2017, 07:02:16 AM
Short term on the smaller ones and long term on bitcoin.I bought .75 of bitcoin when it was 7800.Also bought a few thousand of the smaller ones.Im Very interested in EOS as it has doubled since I bought it and read it has a lot of potential.bought some dash and it’s doing great so far,prob long term dash as well.

Good stuff. Hold that bitcoin for life. You may have secured your future in a way few can really imagine (and it’s not only about the financial gains that will likely arise). It’s about financial control and freedom and your place in the new world. Whether you will be a land owner, or a slave.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 03, 2017, 08:11:45 AM
$11,600 ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on December 03, 2017, 09:30:47 AM
 A 10,000 dollar bitcoin was a potential psychological barrier and the market has seemingly burst right past it with the slightest of insignificant resistance.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: JAGO on December 03, 2017, 12:46:24 PM
I agree with some of that, but the car selling analogy is weak . . . An issue is / will be, a power failure. Anonymity would be compromised if a hard currency was used.

J
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 03, 2017, 12:50:02 PM
Quote from: JAGO on December 03, 2017, 12:46:24 PM
Anonymity

no. that will not be an actuality in the future.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 03, 2017, 04:25:47 PM
Quote from: jr on December 03, 2017, 12:06:50 PM
I don't see bitcoin being used by the majority general public for their day to day transactions for the following reasons:

With bitcoin:

1. Transactions take at least 10 minutes to confirm.  VISA and cash take about 10 seconds.

2. Transaction fees are too high, right now average fees are $4 per transaction  :o. A $3 cup of coffee will cost $7 using bitcoin right now. Cash is zero, and VISA is zero for end users.

3. Bitcoin network can only handle about 7 transactions per second. VISA averages 3000 transactions per second, with a maximum of about 50,000 tps. Physical cash can handle a theoretical maximum of 3.8 billion transactions in a second right now, which is what would happen if half the global population handed a coin to the other half, all at the same time.

4. You have to convert cash into bitcoins before using which is an extra step not required by cash or bank accounts with debit/credit cards. Cash/credit cards are just too easy to use, bitcoin is hard. To fix this problem companies would have to pay their employees in bitcoin. Governments and the elite would never allow this to happen on a widespread scale, as the entire super complex global financial system is fundamentally based on debt money which they control, and an interruption to this system by bitcoin would lead to a massive global economic collapse and loss of control by the elites..

5. The bitcoin network requires increasingly larger amounts of energy to run. Right now the bitcoin network uses as much power per year as the country of Morocco does, and is rapidly increasing. This is not sustainable and a massive consumption of electricity and resources. https://digiconomist.net/bitcoin-energy-consumption (https://digiconomist.net/bitcoin-energy-consumption)

6. Credit cards and the traditional banking system has consumer protection against fraud and such. With bitcoin, once the coin leaves your wallet it is gone forever. If you forget or lose your password, your bitcoins are gone forever.

7. The large price volatility right now makes bitcoin an untrustworthy store of value. Not many people would want to use something that can drop 20% in a few minutes. Can you imagine selling a car for the equivalent of $10,000 worth of bitcoin and a few minutes after you receive your bitcoins from the buyer they are now worth $8000.



Thanks for raising this. There are some minor inaccuracies but I get the overall points you are making. My view is this. First, with regard to a transaction friendly coins, we may seem see bitcoin offshoots emerge to address this. So for example bitcoin cash (which all bitcoin holders were given when that was created. (So in my case I had x bitcoins and got x bitcoin cash, which now trade at around $1,600 per coin themselves - kind of like a company doing a spinoff and giving all existing stockholders to own the new stock in the spinoff company).

Second we will likely see intermediary companies emerge that enable instant bitcoin transactions. For example see https://bitpay.com/tour which by the way also address the many other points you have raised.

But most importantly, the reality is that btc is emerging as a store of value. And like gold, it’s not typically used on a regular day to day basis. We will of course see financial instruments and derivatives tied to the value of gold that will be traded instantly based on the value of bitcoin (again just like gold). And just like gold it can be traded anonymously if done peer to peer, or less anonymously if involving an intermediary or exchange.

But again, the main point is that btc is becoming the cyber equivalent of gold, only much easier and cheaper to store / hide, let alone subdivided and apportion or access instantly anywhere in the world. 

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 03, 2017, 04:29:23 PM
On your point “you have to convert cash to btc to use”, axtually no you don’t if you receive btc direct from another person. But to the extent you do need to do a cash to btc conversation it’s just like you would do if you were buying a foreign currency with your USD when travelling, or if you were to buy cash (only with a lower commission rate).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 03, 2017, 04:31:01 PM
Last comment on item 5. This, perversely is what gives btc is value, just like the mining cost for gold gives gold its value. As mining btc becomes more expensive it’s value rises.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dave D on December 03, 2017, 04:48:20 PM
So what I bought a month ago cost me 2 bitcoins but today it would cost 1?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on December 03, 2017, 05:11:05 PM
Quote from: Dave D on December 03, 2017, 04:48:20 PM
So what I bought a month ago cost me 2 bitcoins but today it would cost 1?

Yup
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on December 03, 2017, 05:29:56 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 03, 2017, 11:31:32 PM
Quote from: jr on December 03, 2017, 10:35:15 PM
:o :o :o



Close but not quite right. If you bought 1 bit coin then you would own 1 bitcoin. How does that equate to nothing? Can you clarify? Is the point you trying to make that bitcoins produce no yield?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 04, 2017, 01:01:45 AM
I’m not on reddit. But he’s clearly wrong. 1 bitcoin = 1 bitcoin (not nothing).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on December 04, 2017, 01:04:14 AM
As a critic of Bitcoin as money, but not necessarily a total critic of the technology...I have spent several hours this week on research for "pro" Bitcoin information. Obviously you come across Andreas Antonopoulos doing that. If he is not one of the Bitcoin developers at a base level, then he knows them. I still fear that any govt regulation naming Bitcoin will have people jumping ship into another crypto platform. I have no doubt that it will go up at this point as new money flows in....and that it will not totally go away....how spectacular the fall could be is another issue - as well as if it will be the Netscape of crypto with a window for great gain that closes quickly or not.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 04, 2017, 02:59:13 AM
Quote from: jr on December 04, 2017, 01:13:47 AM
It's real easy to create a reddit account, just need a username and password, don't need to give an email address, just skip that part. It's instant.

I know but I’m too busy edumacating all the getbiggers here. No time for another forum :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Skorp1o on December 04, 2017, 03:09:22 AM
Cybersecurity pioneer and eclectic personality John McAfee raised his 2020 bitcoin price target to $1 million, and his bet will undoubtedly leave even the most ardent bitcoin skeptic praying that he’s right.

McAfee, who joined MGT Capital Investments as chief cybersecurity visionary right as the firm was making its transition into the blockchain space, tweeted that he will eat his d**k if the bitcoin price does not reach $1 million by the end of 2020.#

John David McAfee (/ˈmækəfiː/ MAK-ə-fee;[2] born September 18, 1945) is a British-American computer programmer and businessman. He founded the software company McAfee Associates in 1987 and ran it until 1994, when he resigned from the company. McAfee Associates achieved early success as the creators of McAfee, the first commercial antivirus software, and the business now produces a range of enterprise security software. The company was renamed to Intel Security in 2011 after being purchased by Intel, though the software still retains the McAfee brand name. McAfee's wealth peaked in 2007 at $100 million.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 04, 2017, 03:20:12 AM
Quote from: SOMEPARTS on December 04, 2017, 01:04:14 AM
As a critic of Bitcoin as money, but not necessarily a total critic of the technology...I have spent several hours this week on research for "pro" Bitcoin information. Obviously you come across Andreas Antonopoulos doing that. If he is not one of the Bitcoin developers at a base level, then he knows them. I still fear that any govt regulation naming Bitcoin will have people jumping ship into another crypto platform. I have no doubt that it will go up at this point as new money flows in....and that it will not totally go away....how spectacular the fall could be is another issue - as well as if it will be the Netscape of crypto with a window for great gain that closes quickly or not.

A few comments. There is not just one “Government”. Rather there are hundreds of countries and hundreds of Governments. Some are embracing bitcoin (eg japan, Korea, Singapore). Some are neutral. And some are cautious (eg China has outlawed exchanges until it passes specific regulations). But no one has outlawed bitcoin for direct transactions or to own it - mainly because its impossible to do.

Further most governments know, as you say that outlawing btc would simply result into far more risky products. For this reason I think they will let btc exist but with some countries putting overlays in terms of regulation to slow down its use/growth/adoption and also to reduce the risk of btc being used to avoid tax.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 04, 2017, 03:25:00 AM
Quote from: Skorp1o on December 04, 2017, 03:09:22 AM
Cybersecurity pioneer and eclectic personality John McAfee raised his 2020 bitcoin price target to $1 million, and his bet will undoubtedly leave even the most ardent bitcoin skeptic praying that he’s right.

McAfee, who joined MGT Capital Investments as chief cybersecurity visionary right as the firm was making its transition into the blockchain space, tweeted that he will eat his d**k if the bitcoin price does not reach $1 million by the end of 2020.#

John David McAfee (/ˈmækəfiː/ MAK-ə-fee;[2] born September 18, 1945) is a British-American computer programmer and businessman. He founded the software company McAfee Associates in 1987 and ran it until 1994, when he resigned from the company. McAfee Associates achieved early success as the creators of McAfee, the first commercial antivirus software, and the business now produces a range of enterprise security software. The company was renamed to Intel Security in 2011 after being purchased by Intel, though the software still retains the McAfee brand name. McAfee's wealth peaked in 2007 at $100 million.

He was previously predicting 500K by 2020 which is already well above conventional thinking that it will be 100K.

He has a very unique and special relationship with various secretive arms of the Govt (CIA, NSA, military etc) due to his extensive cyber security influence and knowledge. So when he speaks you can guarantee others in important places will listen ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on December 04, 2017, 08:19:35 AM
Quote from: gib on December 04, 2017, 03:20:12 AM
A few comments. There is not just one “Government”. Rather there are hundreds of countries and hundreds of Governments. Some are embracing bitcoin (eg japan, Korea, Singapore). Some are neutral. And some are cautious (eg China has outlawed exchanges until it passes specific regulations). But no one has outlawed bitcoin for direct transactions or to own it - mainly because its impossible to do.

Further most governments know, as you say that outlawing btc would simply result into far more risky products. For this reason I think they will let btc exist but with some countries putting overlays in terms of regulation to slow down its use/growth/adoption and also to reduce the risk of btc being used to avoid tax.


The larger picture is that govts exist at the pleasure of central banking. The fact that the only non-SWIFT countries left had/have huge military targets on their back should show that. They install the puppets and finance both sides of wars.

The fact that they allow crypto without a wide-sweeping policy at the current level shows they don't understand it, have a plan for it, or just outright fear it. Which of those three options it is I don't know. As I've said before if Bitcoin would go to a valuation like 500k ... the world financial system is unprepared for that kind of change. You can't get 5k out of a bank in the USA without them generating a SAR report and them asking what you are doing with the money. What about people just walking around with millions in transaction value on their phone? Quite a wide divide there.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on December 04, 2017, 08:40:19 AM
Quote from: gib on December 04, 2017, 01:01:45 AM
I’m not on reddit. But he’s clearly wrong. 1 bitcoin = 1 bitcoin (not nothing).

1 Muffler Bearing = 1 Muffler Bearing

1 Finnegan Pin = 1 Finnegan Pin

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: manuelsonn on December 04, 2017, 01:23:27 PM
 1 manbearpig = 1 manbearpig
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 04, 2017, 01:28:33 PM
Maybe GIB is onto something. The price increases practically every day!

Bitcoin:
11536.56 US Dollar
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Skorp1o on December 04, 2017, 01:31:31 PM
Quote from: SF1900 on December 04, 2017, 01:28:33 PM
Maybe GIB is onto something. The price increases practically every day!

Bitcoin:
11536.56 US Dollar

He is onto something, that something is a bubble.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 04, 2017, 01:33:35 PM
Quote from: SOMEPARTS on December 04, 2017, 08:19:35 AM
The fact that they allow crypto without a wide-sweeping policy at the current level shows they don't understand it, have a plan for it, or just outright fear it.

Which of those three options it is I don't know.

sure u know.

pretend for a moment that there r in fact intelligent people within government, or that there r intelligent people who influence governmental operations; do u truly believe that those intelligent people do not comprehend bitcoin? lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 04, 2017, 01:47:19 PM
Quote from: Zillotch on December 04, 2017, 01:33:35 PM
pretend for a moment that there r in fact intelligent people within government, or that there r intelligent people who influence governmental operations; do u truly believe that those intelligent people do not comprehend bitcoin? lol

everyone should be getting a bad feeling in the pit of their stomach, lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 04, 2017, 02:03:26 PM
also.... smoke og kush.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on December 04, 2017, 02:06:21 PM
I’m new to this and don’t obviously know nearly as much as gib or Mr Anabolic on such things but everything I’m reading looks good.Im a pretty big gambler so if I lose I lose but it’s worth seeing what happens.anyone who gambles at all should buy at least a few hundred worth just for the ride.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: JAGO on December 04, 2017, 02:32:04 PM
Quote from: robcguns on December 04, 2017, 02:06:21 PM
I’m new to this and don’t obviously know nearly as much as gin or Mr Anabolic on such things but everything I’m reading loooks good.Im a pretty big gambler so if I lose I lose but it’s worth seeing what happens.anyone who gambled at all should buy at least a few hundred worth just for the ride.

He dosen't know shit.

J
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on December 04, 2017, 04:04:59 PM
Quote from: JAGO on December 04, 2017, 02:32:04 PM
He dosen't know shit.

J

Which one doesn’t?i hope they both know there shit anabolic about silver as I’ve been buying a lot of silver and gib about bitcoin.just noticed he highlighted anabolic,I hope you are correct for bitcoin sake.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 04, 2017, 04:33:55 PM
$11.700 ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on December 04, 2017, 05:14:58 PM
Quote from: gib on December 04, 2017, 04:33:55 PM
$11.700 ...

Fucker
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: chess315 on December 04, 2017, 05:45:05 PM
Notice a lot of top Bitcoin people are criminals
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 04, 2017, 05:47:21 PM
Quote from: chess315 on December 04, 2017, 05:45:05 PM
Notice a lot of top Bitcoin people are criminals

As are top wealthy people in general :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 04, 2017, 06:48:19 PM
$11,800
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on December 04, 2017, 08:21:55 PM
Its not a genius move to ride the tide higher.....

Its a genius move..... WHEN to get out...

anyone can buy high and ride it higher....

Its those who SELL at the right time make the money..

Otherwise.. you have a paper profit...


Having a paper profit is like jerking off to a chick blowing you in virtual reality..

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 04, 2017, 08:51:59 PM
Quote from: TheGrinch on December 04, 2017, 08:21:55 PM
Its not a genius move to ride the tide higher.....

Its a genius move..... WHEN to get out...

anyone can buy high and ride it higher....

Its those who SELL at the right time make the money..

Otherwise.. you have a paper profit...


Having a paper profit is like jerking off to a chick blowing you in virtual reality..



The “paper profit” is a rather layman/simplistic approach. From a finance and accounting perspective your assets are worth what they are in the present time. So a persons or business net worth is calculated by assessing the present cash value of all assets be it real estate, gold, stock, bitcoins etc, minus debt.

What you (and Mr Anabolic) I think are trying say is that when making a decision to hold a particular asset, you need to balance the risk vs reward of continuing to hold that asset as opposed to deploying the value of that asset into another asset (whether gold, cash, real estate, or stock for example.). Moving into cash makes sense when you consider the risk of holding that asset to be outweighed by the downside of holding cash. And holding cash by the way, can in turn have significant downside of a Government is devaluing by money printing and financial stimulus. Indeed it is for this reason that almost all major asset classes have outperformed cash from 2009 until now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 04, 2017, 08:55:51 PM
Quote from: gib on December 04, 2017, 08:51:59 PM
The “paper profit” is a rather layman/simplistic approach. From a finance and accounting perspective your assets are worth what they are in the present time. So a persons or business net worth is calculated by assessing the present cash value of all assets be it real estate, gold, stock, bitcoins etc.

What you (and Mr Anabolic) I think are trying say is that when making a decision to hold a particular asset, you need to balance the risk vs reward of continuing to hold that asset as opposed to deploying the value of that asset into another asset (whether gold, cash, real estate, or stock for example.). Moving into cash makes sense when you consider the risk of holding that asset to be outweighed by the downside of holding cash. And holding cash by the way, can in turn have significant downside if a Government is devaluing by money printing and financial stimulus. Indeed it is for this reason that almost all major asset classes have outperformed cash from 2009 until now, and indeed also for this reason that BTC was created (eg a backlash and protection against Government theft via devaluation and money printing).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Matt on December 04, 2017, 09:00:27 PM
Quote from: Zillotch on December 04, 2017, 01:33:35 PM
sure u know.

pretend for a moment that there r in fact intelligent people within government, or that there r intelligent people who influence governmental operations; do u truly believe that those intelligent people do not comprehend bitcoin? lol

By nature, Bitcoin is decentralized and encrypted.  The government can know everything about it - they can't do shit.  And when enough of the citizenry realize the value in Bitcoin vs. the Monopoly money fiat currencies of the world, there will be nothing that can stop Bitcoin, and other encrypted coins.

Just like the mainstream media collapsed, we are currently seeing the beginnings of the collapse of fiat currencies.  But keep pretending that some powerful government figures can stop mathematical encryption processes, haha.

I of all people should know this - I have four years of University mathematics under my belt, and years of knowledge of encryption.  The. government can't do shit - they will be as successful stopping cryptocurrency as they were with PIPA and SOPA or whatever else they used to try to stop the internet.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 04, 2017, 09:26:11 PM
Quote from: Matt on December 04, 2017, 09:00:27 PM
By nature, Bitcoin is decentralized and encrypted.  The government can know everything about it - they can't do shit.  And when enough of the citizenry realize the value in Bitcoin vs. the Monopoly money fiat currencies of the world, there will be nothing that can stop Bitcoin, and other encrypted coins.

Just like the mainstream media collapsed, we are currently seeing the beginnings of the collapse of fiat currencies.  But keep pretending that some powerful government figures can stop mathematical encryption processes, haha.

I of all people should know this - I have four years of University mathematics under my belt, and years of knowledge of encryption.  The. government can't do shit - they will be as successful stopping cryptocurrency as they were with PIPA and SOPA or whatever else they used to try to stop the internet.

Agree entirely.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Matt on December 04, 2017, 10:29:29 PM
Quote from: gib on December 04, 2017, 09:26:11 PM
Agree entirely.

Thanks gib!  I have been reading your posts and enjoying them.  :)

If you were going to invest in coins starting tomorrow, would you invest in one specific coin only, or would you invest in a broader basket of coins?

FYI, I have been advocating for Bitcoin and ETHEREUM for basically two years straight now.  But I have never bought other coins until just  yesterday.  I would like to put $10,000 into any coins aside from those two.  My choice right now is IOTA.  Do you have any recommendations?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 04, 2017, 11:23:28 PM
Quote from: Matt on December 04, 2017, 10:29:29 PM
Thanks gib!  I have been reading your posts and enjoying them.  :)

If you were going to invest in coins starting tomorrow, would you invest in one specific coin only, or would you invest in a broader basket of coins?

FYI, I have been advocating for Bitcoin and ETHEREUM for basically two years straight now.  But I have never bought other coins until just  yesterday.  I would like to put $10,000 into any coins aside from those two.  My choice right now is IOTA.  Do you have any recommendations?

Welcome! Personally I would go something like 60 or 70% btc, 30 or 20% eth and the remaining amounts into the ones you want to take punt on. Mine is almost entirely btc, being rather conservative and believing that btc has the potential for massive network effect type momentum as a store of value.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 05, 2017, 08:41:53 AM
humanity is running blindly into darkness... cant u guys see that? lol sometimes I feel like a crazy person.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Tennisballz on December 05, 2017, 08:54:34 AM
Quote from: Zillotch on December 05, 2017, 08:41:53 AM
humanity is running blindly into darkness... cant u guys see that? lol sometimes I feel like a crazy person.
I know.  It's always a gamble I guess.  Once technology gets to a certain level I wonder how much money will even play a role.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on December 05, 2017, 09:17:15 AM
Took a small position in Litecoin @ $90 and Ether @$372 just for the hell of it.

If I can get a 3 or 4 bagger out of it I'll probably just bounce.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on December 05, 2017, 09:53:43 AM
Quote from: polychronopolous on December 05, 2017, 09:17:15 AM
Took a small position in Litecoin @ $90 and Ether @$372 just for the hell of it.

If I can get a 3 or 4 bagger out of it I'll probably just bounce.
hell, I'm like 40x right now in ether. If bitcoin drops a lot again, I'm tempted to go all in on bitcoin for cryptocurrency.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on December 05, 2017, 10:21:01 AM
Quote from: HTexan on December 05, 2017, 09:53:43 AM
hell, I'm like 40x right now in ether. If bitcoin drops a lot again, I'm tempted to go all in on bitcoin for cryptocurrency.

Holy shit bro you are KILLING IT!!  :o

Congrats on your success!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on December 05, 2017, 10:55:45 AM
Quote from: polychronopolous on December 05, 2017, 10:21:01 AM
Holy shit bro you are KILLING IT!!  :o

Congrats on your success!
I wish, I did not invest a lot of money into ether, I though it was just going to be a "me too" cryptocurrency.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 05, 2017, 03:19:40 PM
$11,900
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on December 05, 2017, 04:39:54 PM
Quote from: jr on December 05, 2017, 04:21:41 PM
Where are you getting your quote from?

On GDAX exchange the price has never been to $11,900 and is currently $11,764

https://www.gdax.com/trade/BTC-USD (https://www.gdax.com/trade/BTC-USD)


Crypto currency market it’s 11964
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on December 05, 2017, 05:05:18 PM
Quote from: jr on December 05, 2017, 04:55:41 PM
The cryptocurrency market cap website?

They average out all the different exchanges, but some exchanges are trading at much higher prices. Like the Korean ones are at 13.6K per coin.
The American ones are lower

https://coinmarketcap.com/currencies/bitcoin/#markets (https://coinmarketcap.com/currencies/bitcoin/#markets)

#   Source   Pair          Volume (24h)   Price                   Volume (%)   
1   Bitfinex   BTC/USD   $582,348,000   $11,770.00   8.11%   
2   Bithumb   BTC/KRW   $545,074,000   $13,676.30   7.59%   
3   Bitfinex   MIOTA/BTC   $247,634,000   $11,723.00   3.45%   
4   Binance   IOTA/BTC   $237,434,000   $11,193.50   3.31%   
5   GDAX   BTC/USD   $208,656,000   $11,825.20   2.91%   

Good to know,wondered why it always was higher.Im just learning all this stuff.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on December 05, 2017, 06:04:12 PM
I’m still baffled by some of the logic here. So I read them US dollar is dead then in the same sentence that a bitcoin is worth X amount of US dollars. So if the US dollar dies then what is a bitcoin worth?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on December 05, 2017, 06:12:16 PM
All, any advice on any other cryptocurrencies aside from Bitcoin?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on December 05, 2017, 06:29:05 PM
sperm.

good money in that if you got good genetics.

unlimited supply.

i have 7823 children myself and i am set for life.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on December 05, 2017, 06:32:34 PM
Quote from: ratherbebig on December 05, 2017, 06:29:05 PM
sperm.

good money in that if you got good genetics.

unlimited supply.

i have 7823 children myself and i am set for life.


I got one company you should invest in right now: Trojan.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: QuietYou on December 05, 2017, 06:33:28 PM
Quote from: El Diablo Blanco on December 05, 2017, 06:04:12 PM
I’m still baffled by some of the logic here. So I read them US dollar is dead then in the same sentence that a bitcoin is worth X amount of US dollars. So if the US dollar dies then what is a bitcoin worth?


If the US dollar dies it's worth even more US dollars as the currency would be worth less...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on December 05, 2017, 06:35:16 PM
what if i told you that no matter what happens to bitcoin

your life will still be miserable
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: QuietYou on December 05, 2017, 06:40:35 PM
Quote from: ratherbebig on December 05, 2017, 06:35:16 PM
what if i told you that no matter what happens to bitcoin

your life will still be miserable


You seem extremely envious of people that have cashed out, as well as trying to REALLY point it out...That you're uninterested...

I recommend fucking off if you don't like people talking about it
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 05, 2017, 06:41:57 PM
Quote from: El Diablo Blanco on December 05, 2017, 06:04:12 PM
I’m still baffled by some of the logic here. So I read them US dollar is dead then in the same sentence that a bitcoin is worth X amount of US dollars. So if the US dollar dies then what is a bitcoin worth?

A bit coin should be move at least the inverse amount of a decide in a currency. So if a currency declines 10% then bitcoin should be worth 10% more in that same currency. This is one reason why in an era of currency devaluation bitcoin is becoming so popular as a store of value.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on December 05, 2017, 06:42:14 PM
Quote from: QuietYou on December 05, 2017, 06:40:35 PM

You seem extremely envious of people that have cashed out, as well as trying to REALLY point it out...That you're uninterested...

I recommend fucking off if you don't like people talking about it

ive yet to see anyone cashed out, they wouldnt, they couldnt live with the loss
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 05, 2017, 06:43:54 PM
Quote from: ratherbebig on December 05, 2017, 06:35:16 PM
what if i told you that no matter what happens to bitcoin

your life will still be miserable

I don’t believe money itself makes you happy. But it sure can help. And if you are already happy that having money can certainty give piece of mind and also be a lot of fun.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 05, 2017, 06:46:07 PM
Quote from: ratherbebig on December 05, 2017, 06:42:14 PM
ive yet to see anyone cashed out, they wouldnt, they couldnt live with the loss


Please see my earlier post about “cashing out” and paper gains. People who have bought bitcoins have “cashed out” - they have cashed out of USD and moved into a new asset namely bitcoins.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 05, 2017, 06:47:17 PM
Quote from: JAGO on December 04, 2017, 02:32:04 PM
Mr. Anabolic dosen't know shit.

J

That’s a bit harsh. He’s been a legit poster on financial topics and is financially savvy. Having said that, yes he is struggling with how to value bitcoins - it’s a delimma many intelligent investors go through and struggle with. The biggest problem is that when an asset produces no yield it cannot be valued. But the irony is that Mr Anabolic at the same time favors gold and silver as “investments”. This is ironic, but at the same time gives me hope that he will “get it”. He also is still figuring out the technology and related issues and making a few far-fetched claims to test responses. This is all part of “figuring things out”. He will get there. As a successful value investor I went through all this myself when it came to considering crypto as an investment ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on December 05, 2017, 06:48:42 PM
Quote from: gib on December 05, 2017, 06:46:07 PM
Please see my earlier post about “cashing out” and paper gains. People who have bought bitcoins have “cashed out” - they have cashed out of USD and moved into a new asset namely bitcoins.

talking about cashing out from bitcoin investment
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 05, 2017, 06:55:35 PM
Quote from: gib on December 05, 2017, 06:47:17 PM
That’s a bit harsh. He’s been a legit poster on financial topics and is financially savvy. Having said that, yes he is struggling with how to value bitcoins - it’s a delimma many intelligent investors go through and struggle with. The biggest problem is that when an asset produces no yield it cannot be valued. But the irony is that Mr Anabolic at the same time favors gold and silver as “investments”. This is ironic, but at the same time gives me hope that he will “get it”. He also is still figuring out the technology and related issues and making a few far-fetched claims to test responses. This is all part of “figuring things out”. He will get there. As a successful value investor I went through all this myself when it came to considering crypto as an investment ...

Oh, and $12,000
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 05, 2017, 07:10:10 PM
$12,100
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 05, 2017, 08:30:26 PM
$12,440
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 05, 2017, 08:39:55 PM
Quote from: obsidian on December 05, 2017, 08:30:26 PM
$12,440

Oi - stop stealing my thunder :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 05, 2017, 10:04:44 PM
$12,200...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 05, 2017, 10:52:34 PM
$12,300...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 05, 2017, 11:11:20 PM
$12.400
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 06, 2017, 12:30:41 AM
$12,500
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 06, 2017, 03:03:14 AM
$12,600
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 06, 2017, 03:41:04 AM
Quote from: gib on December 05, 2017, 06:47:17 PM
That’s a bit harsh. He’s been a legit poster on financial topics and is financially savvy. Having said that, yes he is struggling with how to value bitcoins - it’s a delimma many intelligent investors go through and struggle with. The biggest problem is that when an asset produces no yield it cannot be valued. But the irony is that Mr Anabolic at the same time favors gold and silver as “investments”. This is ironic, but at the same time gives me hope that he will “get it”. He also is still figuring out the technology and related issues and making a few far-fetched claims to test responses. This is all part of “figuring things out”. He will get there. As a successful value investor I went through all this myself when it came to considering crypto as an investment ...

???

There is NOTHING to get.  It's a Ponzi scam.  Doesn't matter how "high" it goes.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 06, 2017, 03:42:56 AM
Quote from: JAGO on December 04, 2017, 02:32:04 PM
He dosen't know shit.
J

I know you cannot get something for nothing.  This is what cryptos are.  Digital fluff.  Bubble mania.

I know this will end badly.

Lastly, I know you have no financial acumen whatsoever.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 06, 2017, 03:59:53 AM
13.000 bucks!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 06, 2017, 04:35:18 AM
Quote from: Mr Anabolic on December 06, 2017, 03:41:04 AM
???

There is NOTHING to get.  It's a Ponzi scam.  Doesn't matter how "high" it goes.

I’ve explained in a prior post why it’s not appropriate to use the term “scam” or “Ponzi” in relation to bitcoin. There is no “perpetrator” or “scammer” in relation to bitcoin because bitcoin is simply a mathematical algorithm. What I think you mean (and this is a lot more understandable) is that bitcoin cannot be valued. I this regard though, I would refer you to gold, which also cannot be valued.

Fact of the matter is this - bitcoin is still a geeky niche investment. But all the wheels are in place for it to go full blown mainstream. And when all the old conservative dudes with serious money decide they want some exposure to crypto - what do you think they will invest into? Yes - bitcoin. You will in 2018 see a flood of cash moving into a supply governed and limited by mathematics leading to massive increases in price.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 06, 2017, 04:36:00 AM
Quote from: gib on December 06, 2017, 04:35:18 AM
I’ve explained in a prior post why it’s not appropriate to use the term “scam” or “Ponzi” in relation to bitcoin. There is no “perpetrator” or “scammer” in relation to bitcoin because bitcoin is simply a mathematical algorithm. What I think you mean (and this is a lot more understandable) is that bitcoin cannot be valued. I this regard though, I would refer you to gold, which also cannot be valued.

Fact of the matter is this - bitcoin is still a geeky niche investment. But all the wheels are in place for it to go full blown mainstream. And when all the old conservative dudes with serious money decide they want some exposure to crypto - what do you think they will invest into? Yes - bitcoin. You will in 2018 see a flood of cash moving into a supply governed and limited by mathematics leading to massive increases in price.



Oh, and $12,700 :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 06, 2017, 05:03:19 AM
Quote from: gib on December 06, 2017, 04:35:18 AM
I’ve explained in a prior post why it’s not appropriate to use the term “scam” or “Ponzi” in relation to bitcoin. There is no “perpetrator” or “scammer” in relation to bitcoin because bitcoin is simply a mathematical algorithm. What I think you mean (and this is a lot more understandable) is that bitcoin cannot be valued. I this regard though, I would refer you to gold, which also cannot be valued.

Fact of the matter is this - bitcoin is still a geeky niche investment. But all the wheels are in place for it to go full blown mainstream. And when all the old conservative dudes with serious money decide they want some exposure to crypto - what do you think they will invest into? Yes - bitcoin. You will in 2018 see a flood of cash moving into a supply governed and limited by mathematics leading to massive increases in price.

You're in Europe somewhere right... so, what are doing up this time in the morning?... to update every $100 gain bitcoin makes?  Your little digs (old conservative dudes) at me make me laugh. 

You can pretend it is anything you want, but human nature never changes.  There is greed and fear.  When the fear starts to dominate, it's over.  No matter what it is, it's never "different this time".  History proves this. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Skorp1o on December 06, 2017, 05:18:38 AM
We created our own Ponzi scheme. Swap Bernie Madoff for whoever is behind it.

People are not analysing the price as to why it goes up and down...etc and no one really can as Bitcoin has no real value unlike an apple share which you can link to underlying assets, sales performance, management team...etc . They just want a portion of the gains and as long as there's new entrants at the bottom of the pyramid, the people at the top of the pyramid (large coin holders) are getting rich. A pyramid scheme.

Am I in crypto? Yes, just like I am into putting money on fights, games and races...money thrown into the hat as a punt.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on December 06, 2017, 05:23:37 AM
but the scheme need to stop at somewhere and people need to cash out or lose it all, when is this going to happen?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on December 06, 2017, 05:38:21 AM
Quote from: ratherbebig on December 06, 2017, 05:23:37 AM
but the scheme need to stop at somewhere and people need to cash out or lose it all, when is this going to happen?

No one knows but it seems from everything I’m reading 2018 will be a huge year for bitcoin.Bubble maybe but who knows when it will burst.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 06, 2017, 06:07:00 AM
Quote from: Mr Anabolic on December 06, 2017, 05:03:19 AM
You're in Europe somewhere right... so, what are doing up this time in the morning?... to update every $100 gain bitcoin makes?  Your little digs (old conservative dudes) at me make me laugh. 

You can pretend it is anything you want, but human nature never changes.  There is greed and fear.  When the fear starts to dominate, it's over.  No matter what it is, it's never "different this time".  History proves this. 

I spend my time in various parts of the world. This week and a half I’ve been in Thailand, Hong Kong, Korea and Singapore. Back to Europe next week - international man of mystery :) hence my strange times posting here.

I’m glad you like my digs because they genuinely are supposed to be funny. Zero malicious intent from me, so I hope you take it that way.

I agree with your comments on human nature never changing - and indeed I have exploited that phenomenon very successfully in the past. Indeed it is the fundamental to being a value investor - ie being able to identify fair value and then buy (or not buy) based on that asset being over or under valued.

Back to the Ponzi/scam discussion. Please explain why in your view gold or silver are not Ponzi/scam whereas bitcoin is?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Soul Crusher on December 06, 2017, 06:08:56 AM
The IRS is going to F all these people soon. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dave D on December 06, 2017, 06:21:46 AM
So we invest in bitcoin as a currency with a value that is constantly changing?

People don't actually spend bitcoin because it's always increasing in value?

Am I understanding this correctly?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 06, 2017, 06:21:58 AM
Quote from: Soul Crusher on December 06, 2017, 06:08:56 AM
The IRS is going to F all these people soon. 


Answer is no for vast majority of people and for most countries in the world. But for you special Americans, yes
maybe. Having said that, if you really have made enough such that the IRS takes notice, then it’s probably a
nice problem to have.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on December 06, 2017, 06:25:44 AM
At Uphold’s Currency Exchange, Now Americans Can Easily Convert USD to Dash

(http://media.breitbart.com/media/2017/12/uphold-dash-dollar-bitcoin-bat-640x480.jpg)

by EZRA DULIS6 Dec 20171
I just “bought” my first .1 Dash about five minutes ago on a currency exchange you may not have heard of.
Meet Uphold, an exchange for both fiat and digital currencies — and even precious metals. Uphold announced Tuesday that the company now includes Dash (digital cash) in its lineup.

I first heard of Uphold as an exchange for Brave’s Basic Attention Token (BAT), which you can use in the Brave browser to support your favorite sites and YouTubers directly. Brave has since added a simple, step-by-step guide for loading funds into the browser so it can calculate where to send tokens (now worth about 19 cents apiece) based on where you spend most of your time online. As an early adopter of BAT, Uphold is helping reform the busted world of online ads — where a sizeable chunk of your time, data, and thus money goes toward loading irrelevant and often malicious content (see: the BAT white paper, p. 4, section 2.2).

Since that first impression, Uphold has continued to impress — as I have looked for ways to exchange USD -> Dash and hit roadblocks every time. I guess you can on Kraken, if you don’t mind having the lack of ACH functionality. It only means that you give them your bank info, then you “initiate” a deposit, then they give you a reference number… so you have to call up your bank and give them Kraken’s info to wire it — for a pretty big fee.

advertisement

Then there are a bunch of peer-to-peer services out there, but I don’t really want the crapshoot of searching for a new seller every time, especially if I’m going to do multiple exchanges a month for dollar cost averaging.

So, like I said, I just acquired Dash with a simple bank transfer — and my fee was only $.46. Uphold is halving their fee rate to welcome Dash into their stable of currencies; normally it’s 1.25% but for a short time it will only be .625%. Yet even the normal rate is lower than their big competitors.

What else can you exchange at Uphold?

Right now, the site also lets you exchange your local fiat currency for Bitcoin, Litecoin, Ethereum, BAT, and Bitcoin Cash. You can also buy gold, silver, platinum, and palladium. They accept and exchange the fiat currencies of Argentina, Australia, Brazil, Canada, China, Denmark, the UAE, Hong Kong, India, Israel, Japan, Kenya, Mexico, New Zealand, Norway, the Philippines, Poland, the UK, Singapore, Sweden, Switzerland, and the USA.

In case you’re wondering: This is not a sponsored article; I have never spoken with anyone at Uphold; and, as far as I know, they have no referral program like Coinbase. I’m just sharing my personal experience with the service.

Why do I keep pushing Dash?

Well, until today, I didn’t have any stake in Dash, but I’ve written about it before because I see a lot of future potential. All digital currencies are still in their infancy — and Bitcoin is showing us that the technology is not quite ready for full-scale adoption. Dash seems like a well-designed system for long-term growth and development; I keep explaining it to people as the constitutional republic to Bitcoin’s anarchist paradise — three “branches” imbued with complementary powers that can check each other.

With Bitcoin, every time the blockchain gets another block, the block processes transfers between users and miners get 100% of the fees and unlocked coins. There is only a financial incentive to mine Bitcoin — or to exchange USD for Bitcoin and watch it rise in value (referred to as “hodling”).

But with Dash, there is a financial incentive to mine, to invest, and — most importantly — to code. The block rewards for Dash go: 45% to miners, 45% to masternodes (why just hodl when you can “nodl”?), and 10% to developers.

The volunteers working on Bitcoin Core are likely very motivated to be a part of history and to make sure that their existing investment scales and improves, but they are not regularly and directly receiving new coins for their work. The Dash Core team is a traditional company with over 50 employees, and with the recent spike in Dash’s value, they have a monthly budget worth millions of dollars for payroll, marketing, and other expenses.

I wouldn’t personally dump my Bitcoin for Dash — there won’t (and shouldn’t) be a monopoly on blockchain currencies once they come into mass adoption. Based on what I’m seeing right now, it seems like Bitcoin and Monero are going to become everyone’s savings accounts while Dash, Litecoin, Zcash, and Ripple will compete to be their checking accounts. But of course, I’m just a layman, not a financial professional, and you shouldn’t buy any product I write about based on my opinions — it’s not financial advice!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on December 06, 2017, 06:36:58 AM
Quote from: gib on December 06, 2017, 06:21:58 AM
Answer is no for vast majority of people and for most countries in the world. But for you special Americans, yes
maybe. Having said that, if you really have made enough such that the IRS takes notice, then it’s probably a
nice problem to have.

Exactly,I don’t understand everyone saying the irs is gonna fuck you?Doesnt the Its fuck you all the time on taxes when making money?what else is new?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Soul Crusher on December 06, 2017, 06:59:58 AM
Once the 1099s start flying . . .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on December 06, 2017, 10:09:29 AM
A buddy of mine says he wants to put half his 401k in the new Bitcoin IRA. It's REALLY getting frothy out there.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on December 06, 2017, 11:32:33 AM
https://techcrunch.com/2017/12/03/people-have-spent-over-1m-buying-virtual-cats-on-the-ethereum-blockchain/
God help the human race.  :-\
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 06, 2017, 11:39:59 AM
Quote from: HTexan on December 06, 2017, 11:32:33 AM
God help the human race.  :-

lol... for what? pretty sure he's washed his hands of human tards.. and who can blame him
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on December 06, 2017, 02:39:23 PM
Heading to 14k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 06, 2017, 03:05:41 PM
Quote from: SOMEPARTS on December 06, 2017, 02:39:23 PM
Heading to 14k.

Moving +/- $300 in seconds now.  I guess it has to do that to continue the same % gains when it was $500.  Look at the weekly chart... total parabola.  That is never a good thing.   This thing is going to blow up and many "investors" are going to wish they sold high.  Just a speculative gambling casino now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: JAGO on December 06, 2017, 03:09:43 PM
Quote from: Mr Anabolic on December 06, 2017, 03:05:41 PM
Moving +/- $300 in seconds now.  I guess it has to do that to continue the same % gains when it was $500.  Look at the weekly chart... total parabola.  That is never a good thing.   This thing is going to blow up and many "investors" are going to wish they sold high.  Just a speculative gambling casino now.

Why don't you go change your mini-pad "hun" and leave the money talk to the men.

J

J
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 06, 2017, 03:11:55 PM
Quote from: Dave D on December 06, 2017, 06:21:46 AM
So we invest in bitcoin as a currency with a value that is constantly changing?

People don't actually spend bitcoin because it's always increasing in value?

Am I understanding this correctly?

Yes, that's basically it.  They're all certain it's going to $1 million, then they'll all sell at the top together.  

But what is really going to happen is, the exchanges/sell orders will lock up and no one will be able to exit.  The price will cascade many $1000's below where it is now.   Should be quite an event when it happens.  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 06, 2017, 03:14:23 PM
Quote from: JAGO on December 06, 2017, 03:09:43 PM
Why don't you go change your mini-pad "hun" and leave the money talk to the men.
J

"Money"?  LOL!

A poor little millennial snowflake like you doesn't know what real money is.

Another bozo who won't sell.  You're going to regret it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on December 06, 2017, 03:22:05 PM
Quote from: Mr Anabolic on December 06, 2017, 03:11:55 PM
Yes, that's basically it.  They're all certain it's going to $1 million, then they'll all sell at the top together.  

But what is really going to happen is, the exchanges/sell orders will lock up and no one will be able to exit.  The price will cascade many $1000's below where it is now.   Should be quite an event when it happens.  

Yeah but it’s a fun ride.Win or lose I’m having a good time.Then again I’m a gambler.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 06, 2017, 03:23:02 PM
Quote from: Mr Anabolic on December 06, 2017, 03:05:41 PM
Moving +/- $300 in seconds now.  I guess it has to do that to continue the same % gains when it was $500.  Look at the weekly chart... total parabola.  That is never a good thing.   This thing is going to blow up and many "investors" are going to wish they sold high.  Just a speculative gambling casino now.

It’s a great thing for those who are invested. It’s not a good thing for those who are not yet, as they are losing out on gains. As I have explained before, for various reasons, btc could go much much higher.

Oh and $12,800
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 06, 2017, 03:25:09 PM
Quote from: JAGO on December 06, 2017, 03:09:43 PM
Why don't you go change your mini-pad "hun" and leave the money talk to the men.

J

J

Yes, or at least try to make some rational arguments instead of this continual “it’s a bubble” claims.

Oh - and $12,900.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 06, 2017, 03:25:17 PM
Quote from: gib on December 06, 2017, 03:23:02 PM
btc could go much much higher.

what is ur best guesstimate?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 06, 2017, 03:27:49 PM
PARABOLA...
 
◦$0000 - $1000: 1789 days
◦$1000- $2000: 1271 days
◦$2000- $3000: 23 days
◦$3000- $4000: 62 days
◦$4000- $5000: 61 days
◦$5000- $6000: 8 days
◦$6000- $7000: 13 days
◦$7000- $8000: 14 days
◦$8000- $9000: 9 days
◦$9000-$10000: 2 days
◦$10000-$11000: 1 day
◦$11000-$12000: 6 days
◦$12,000-$13,000: 17 hours
◦$13,000-$14,000: 4 hours

One for the history books... THE greatest Ponzi bubble (and crash) in history.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on December 06, 2017, 03:28:29 PM
Quote from: Zillotch on December 06, 2017, 03:25:17 PM
what is ur best guesstimate?

500k
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 06, 2017, 03:29:20 PM
Quote from: gib on December 06, 2017, 03:25:09 PM
Yes, or at least try to make some rational arguments instead of this continual “it’s a bubble” claims.

Oh - and $12,900.

I already made all my rational points and explained them very clearly and eloquently.  

You guys are both morons... plain and simple.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 06, 2017, 03:29:32 PM
Quote from: Mr Anabolic on December 06, 2017, 03:11:55 PM
Yes, that's basically it.  They're all certain it's going to $1 million, then they'll all sell at the top together.  

But what is really going to happen is, the exchanges/sell orders will lock up and no one will be able to exit.  The price will cascade many $1000's below where it is now.   Should be quite an event when it happens.  

Why do you think everyone would sell at the same price? They don’t do that with gold, nor with fx rates nor stock. And why do you think exchanges would “lock up”? Even during the last financial cirisis exchanges continued to function.

Oh and $13,000.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 06, 2017, 03:31:04 PM
Quote from: gib on December 06, 2017, 03:29:32 PM
Why do you think everyone would sell at the same price? They don’t do that with gold, nor with fx rates nor stock. And why do you think exchanges would “lock up”? Even during the last financial cirisis exchanges continued to function.

You'll see. 

You are emotionally attached now... totally delusional.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 06, 2017, 03:32:48 PM
Quote from: Mr Anabolic on December 06, 2017, 03:27:49 PM
PARABOLA...
 
◦$0000 - $1000: 1789 days
◦$1000- $2000: 1271 days
◦$2000- $3000: 23 days
◦$3000- $4000: 62 days
◦$4000- $5000: 61 days
◦$5000- $6000: 8 days
◦$6000- $7000: 13 days
◦$7000- $8000: 14 days
◦$8000- $9000: 9 days
◦$9000-$10000: 2 days
◦$10000-$11000: 1 day
◦$11000-$12000: 6 days
◦$12,000-$13,000: 17 hours
◦$13,000-$14,000: 4 hours

One for the history books... THE greatest Ponzi bubble (and crash) in history.


I have explained in an earlier post why the term ponzi bubble is no appropriate. There is no person perpetuating any fraud and mathematically the algorithm is pure. I think what you are struggling with is how to value btc. In that regard I urge you to think of it as gold, only better.

Oh and $13,100.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 06, 2017, 03:33:13 PM
Quote from: gib on December 06, 2017, 03:32:48 PM
I have explained in an earlier post why the term ponzi bubble is no appropriate. There is no person perpetuating any fraud and mathematically the algorithm is pure. I think what you are struggling with is how to value btc. In that regard I urge you to think of it as gold, only better.

Oh and $13,100.

Extraordinary Popular Delusions and the Madness of Crowds

Very similar to crack cocaine.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 06, 2017, 03:37:43 PM
Quote from: Mr Anabolic on December 06, 2017, 03:31:04 PM
You'll see. 

You are emotionally attached now... totally delusional.

Not at all. I am always very objective with my investment decisions. Its been a key to my success. If we are going to call names then deisional one has been you, by trying to ascribe various values to btc and making various claims about the market hitting a peak etc. If said if before. Everyone should own at least one coin. In a few years time we will see and absolute flood of money into BTC. Right now it’s still a trickle, but it will grow!

Oh and $13,200

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 06, 2017, 03:44:11 PM
Quote from: gib on December 06, 2017, 03:37:43 PM
Not at all. I am always very objective with my investment decisions. Its been a key to my success. If we are going to call names then deisional one has been you, by trying to ascribe various values to btc and making various claims about the market hitting a peak etc. If said if before. Everyone should own at least one coin. In a few years time we will see and absolute flood of money into BTC. Right now it’s still a trickle, but it will grow!

Oh and $13,200


Nothing else except the price matters to you... nothing else.  This is why you make a new post every $100 bucks  lol

It's going to be fun for you when the bubble bursts, but you left all your virtual profits on the table.  You will then disappear from this thread/forum, hanging your head in disgust, shame and be having many suicidal thoughts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 06, 2017, 03:47:30 PM
Quote from: Mr Anabolic on December 06, 2017, 03:33:13 PM
Extraordinary Popular Delusions and the Madness of Crowds

Very similar to crack cocaine.

For many people in the world the mass delusion was to trust the government with their wealth whilst having it effectively stolen through money printing. The rational decision is to created a mutually agreed to, unmanipulatable, communally accepted store of value, support by the truth of magic. If you were to get out of the US you would see why this is happening in so many parts of the world. Combine that with everyone having a mobile phone and boom you have in place the ingredients for a financial revolution which is now underway. It cannot be stopped.

I am here to help all getbiggers make sure the don’t avoid the coming reality. It’s still possible to get a piece of the total number of btc. Mr Anabolic in the interests of informing yourself, why don’t you go through the process of buying some, and then reflecting on the experience. It will enable you to have a more informed discussion and it may change your perspective.

If you make a sensible argument I will try to address. For example please explain why you think gold is not a Ponzi scheme or bubble whereas btc is?

Oh and $13,300.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 06, 2017, 03:51:56 PM
Quote from: Mr Anabolic on December 06, 2017, 03:44:11 PM
Nothing else except the price matters to you... nothing else.  This is why you make a new post every $100 bucks  lol

It's going to be fun for you when the bubble bursts, but you left all your virtual profits on the table.  You will then disappear from this thread/forum, hanging your head in disgust, shame and be having many suicidal thoughts.

You’ve been predicting the bubble would burst and that I would leave the forum since back when the price was 5000! Well I’m still here. If anyone should leave in shame it should be you (kidding please don’t).

My investments are allocated across asset classes and counties and banks and exchanges such that I could pretty well survive (or ideally even thrive) on any significant correction.

Oh and $13,400.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 06, 2017, 03:52:20 PM
Quote from: gib on December 06, 2017, 03:47:30 PM
For many people in the world the mass delusion was to trust the government with their wealth whilst having it effectively stolen through money printing. The rational decision is to created a mutually agreed to, unmanipulatable, communally accepted store of value, support by the truth of magic. If you were to get out of the US you would see why this is happening in so many parts of the world. Combine that with everyone having a mobile phone and boom you have in place the ingredients for a financial revolution which is now underway. It cannot be stopped.

I am here to help all getbiggers make sure the don’t avoid the coming reality. It’s still possible to get a piece of the total number of btc. Mr Anabolic in the interests of informing yourself, why don’t you go through the process of buying some, and then reflecting on the experience. It will enable you to have a more informed discussion and it may change your perspective.

If you make a sensible argument I will try to address. For example please explain why you think gold is not a Ponzi scheme or bubble whereas btc is?

Oh and $13,300.

I don't have to rehash or explain anything.  5000+ years of history is self-explanatory.  

You are very delusional ignoramus.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on December 06, 2017, 03:53:10 PM
meanwhile the people who invested in the movie "get out" are laughing all the way to the bank.

budget $4.5 million.
gross worldwide $254 million.

now THAT is an investment.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 06, 2017, 03:53:37 PM
Quote from: gib on December 06, 2017, 03:51:56 PM
You’ve been predicting the bubble would burst and that I would leave the forum since back when the price was 5000! Well I’m still here. If anyone should leave in shame it should be you (kidding please don’t).

My investments are allocated across asset classes and counties and banks and exchanges such that I could pretty well survive (or ideally even thrive) on any significant correction.

Oh and $13,400.

Again... an incredibly delusional ignoramus.  Like trying to talk sense to a meth/crack addict.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 06, 2017, 04:09:38 PM
Quote from: Mr Anabolic on December 06, 2017, 03:52:20 PM
I don't have to rehash or explain anything.  5000+ years of history is self-explanatory.  

You are very delusional ignoramus.

Oh so insults aside you believe gold is more legit because it has been used for 5000 years? You do realise that things evolve a little faster in cyberspace right? A physical payment for goods shipped by sailors on ocean going vessels is done a little faster these days with bitcoin. A media company like Facebook took just years to build instead of many decades with old fashioned print media. If the speed of the adoption is your argument against bitcoin, it’s not a good one. Indeed in the tech world speed (and ease) of adoption is a massive positive as the social networking effect is crucial - speed in adoption is a key metric in predicting success.

Oh and $13,500.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 06, 2017, 04:12:10 PM
gold will b king until the end of time... its very pretty, too.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 06, 2017, 04:50:04 PM
Quote from: Zillotch on December 06, 2017, 04:12:10 PM
gold will b king until the end of time... its very pretty, too.

I like the feeling of holding gold in my hands. I like the weight of it.

And yes gold will be around for a long time to come. Whether it will appreciate though I am not sure. It’s all dependant on demand. But either way, the fact that gold will be around for a long time in no way negates the validity of bitcoins as a store of value.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 06, 2017, 04:57:55 PM
Quote from: Mr Anabolic on December 06, 2017, 03:53:37 PM
Again... an incredibly delusional ignoramus.  Like trying to talk sense to a meth/crack addict.

Your best attempt at a rational argument is to call names and make derogatory comments? I’m not sure what to say. Other than perhaps ...

$13,600 ... lol!!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 06, 2017, 05:00:50 PM
Quote from: gib on December 06, 2017, 04:09:38 PM
Oh so insults aside you believe gold is more legit because it has been used for 5000 years? You do realise that things evolve a little faster in cyberspace right? A physical payment for goods shipped by sailors on ocean going vessels is done a little faster these days with bitcoin. A media company like Facebook took just years to build instead of many decades with old fashioned print media. If the speed of the adoption is your argument against bitcoin, it’s not a good one. Indeed in the tech world speed (and ease) of adoption is a massive positive as the social networking effect is crucial - speed in adoption is a key metric in predicting success.

Oh and $13,500.

YES.

All this will be very fun to read in a few months/years.  You drank some much crypto Kool-Aid, you're perpetually drunk.  The only thing that will sober you up is when the great bitcoin crash happens.
  
All you've really done in this thread is state your opinions and parrot what you've read from bitcoin websites.    

Bitcoin is the largest bubble in human history.  Why/how you cannot see or admit this is simply mind boggling.  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on December 06, 2017, 05:04:15 PM
Quote from: Mr Anabolic on December 06, 2017, 05:00:50 PM
Bitcoin is the largest bubble in human history.  Why/how you cannot see or admit this is simply mind boggling.  

Bigger than the housing bubble of 07-08?   ???

That was a big bubble, that directly caused the recession of 07-09.  If Bitcoin is a larger bubble, are we headed for a larger recession?   ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 06, 2017, 05:07:09 PM
Quote from: Twaddle on December 06, 2017, 05:04:15 PM
Bigger than the housing bubble of 07-08?   ???

That was a big bubble, that directly caused the recession of 07-09.  If Bitcoin is a larger bubble, are we headed for a larger recession?   ???

It terms of parabolic % gains?... absolutely.

Think about this... if bitcoin hits $40K, that's how much the average American earns in a year.  Tulip bulbs did the same thing in 1637.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 06, 2017, 05:19:13 PM
Quote from: Mr Anabolic on December 06, 2017, 05:07:09 PM
It terms of parabolic % gains?... absolutely.

Think about this... if bitcoin hits $40K, that's how much the average American earns in a year.  Tulip bulbs did the same thing in 1637.

lol at "parabolic gains". Total market cap of BTC is still less than 1% of gold...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 06, 2017, 05:20:36 PM
Quote from: gib on December 06, 2017, 05:19:13 PM
lol at "parabolic gains". Total market cap of BTC is still less than 1% of gold...

Not market cap you crack head, percentage gains.  Do you know what parabolic means?  Look at a weekly chart of blipcoin.  That is parabolic.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on December 06, 2017, 06:04:32 PM
https://www.reddit.com/r/Bitcoin/comments/7hmjdw/my_brother_killed_himself_because_of_btc/

My brother killed himself because of BTC

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 06, 2017, 06:09:39 PM
Here to steal fella gib's thunder  8)

$14,453

There has to be a ceiling on this shit. All other currencies are dropping except Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 06, 2017, 06:14:47 PM
Quote from: gib on December 06, 2017, 03:47:30 PM
For many people in the world the mass delusion was to trust the government with their wealth whilst having it effectively stolen through money printing. The rational decision is to created a mutually agreed to, unmanipulatable, communally accepted store of value, support by the truth of magic. If you were to get out of the US you would see why this is happening in so many parts of the world. Combine that with everyone having a mobile phone and boom you have in place the ingredients for a financial revolution which is now underway. It cannot be stopped.

I am here to help all getbiggers make sure the don’t avoid the coming reality. It’s still possible to get a piece of the total number of btc. Mr Anabolic in the interests of informing yourself, why don’t you go through the process of buying some, and then reflecting on the experience. It will enable you to have a more informed discussion and it may change your perspective.

If you make a sensible argument I will try to address. For example please explain why you think gold is not a Ponzi scheme or bubble whereas btc is?

Oh and $13,300.

Let me elaborate on this for you Mr Anabolic, as its a very important concept to understand and explains what is going on right now (and as a gold investor I think some of this will resonate with you).

For most Americans (and others in the developed world) are still waiting for the post-global economic crisis “recovery” to appear nearly a decade on from the crisis. In the US its taken a full decade for median real inflation adjusted household income to return to its 2007 level. So to that extent, the Government has "stolen" from its people, basically by deluding them with fake money.

Meanwhile, financial asset prices have skyrocketed. The S&P500 is now more than 260 percent above its global economic crisis low. Yet real incomes, are only just returning to pre-crisis levels now. There’s no bubble in incomes, that’s for sure. Indeed there is an inverse bubble, if anything.

So, where does a "rational person" put their money? Into cash, which is devaluing and over which they have no control? Or into a new method of exchange and store of value, outside of the reach of the government, and governed by the purity of the law of mathematics? And who are the deluded ones? The ones holding on to pieces of paper that are becoming increasing valueless? Or the ones putting their faith into a collective newly agreed upon universal store of value?

Oh, and...nevermind...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 06, 2017, 06:15:18 PM
How many coins do the Winkelvoss twins have between them?? 500,000?

https://www.investopedia.com/articles/people/083016/who-are-top-5-bitcoin-millionaires.asp
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 06, 2017, 06:32:34 PM
Quote from: Skorp1o on December 06, 2017, 05:18:38 AM

People are not analysing the price as to why it goes up and down...etc and no one really can as Bitcoin has no real value unlike an apple share which you can link to underlying assets, sales performance, management team...etc .

Am I in crypto? Yes, just like I am into putting money on fights, games and races...money thrown into the hat as a punt.

Let me address this comparison to Apple example, which on the face of it sounds intelligent, but actually requires a little more thought...

The fact that, Apple, or any company for that matter has tangible assets, does not mean it is an inherently good investment. Apple, for example has the same assets and prospects, regardless of whether its share price is $100, $500, or $1000. As a value investor, we would need to decide at what price per share Apple would be a good buy, (in terms of applying a formula of anticipated likely up side over and above the return on cash + risk premium for holding stock as opposed to cash). What investors such as myself and Buffet etc do is to look at companies, and then only buy where there is very clear value in applying this formula - so again, don't be deluded - great companies can come at great (as in highly overvalued) prices.

Now, taking this a step further, one might take the view that many mainstream assets are significantly overvalued right now. If so, then such assets are not what you want to be in, and indeed you might want to be in cash so that if/when those other assets decline to fair value you can maximize the value of that cash by deploying it. But now, here's the thing - cash itself is under pressure. Next financial crisis, what will happen? That's right, even more cash will be printed. So, where does that leave us in terms of a safe store of value? That's right -Bitcoin. (And why Bitcoin, and not other currencies? See my earlier posts which explain). And even better, because due to mathematically limited supply, any increase in demand (of which there will be a lot of in the coming years) puts a squeeze on price - "parabolic gains", to use a seemingly intelligent term coined by Mr Anabolic :). Now, let me ask you this - who doesn't like a store of value, universally accepted, with significant upside...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 06, 2017, 06:38:05 PM
Quote from: gib on December 06, 2017, 06:32:34 PM
Let me address this comparison to Apple example, which on the face of it sounds intelligent, but actually requires a little more thought...

The fact that, Apple, or any company for that matter has tangible assets, does not mean it is an inherently good investment. Apple, for example has the same assets and prospects, regardless of whether its share price is $100, $500, or $1000. As a value investor, we would need to decide at what price per share Apple would be a good buy, (in terms of applying a formula of anticipated likely up side over and above the return on cash + risk premium for holding stock as opposed to cash). What investors such as myself and Buffet etc do is to look at companies, and then only buy where there is very clear value in applying this formula - so again, don't be deluded - great companies can come at great (as in highly overvalued) prices.

Now, taking this a step further, one might take the view that many mainstream assets are significantly overvalued right now. If so, then such assets are not what you want to be in, and indeed you might want to be in cash so that if/when those other assets decline to fair value you can maximize the value of that cash by deploying it. But now, here's the thing - cash itself is under pressure. Next financial crisis, what will happen? That's right, even more cash will be printed. So, where does that leave us in terms of a safe store of value? That's right -Bitcoin. (And why Bitcoin, and not other currencies? See my earlier posts which explain). And even better, because due to mathematically limited supply, any increase in demand (of which there will be a lot of in the coming years) puts a squeeze on price - "parabolic gains", to use a seemingly intelligent term coined by Mr Anabolic :). Now, let me ask you this - who doesn't like a store of value, universally accepted, with significant upside...

Again, my aim is not to humiliate Mr Anabolic. He is a good contributor, and solid and sound financial sense. However, (as will be obvious to some), I do function at a very high level financially (and that's not an attempt to be arrogant, just the reality). Lets continue the discussion as we are making Getbig history here folks, and I am using Getbig of all places as a medium for my thoughts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 06, 2017, 06:43:13 PM
Quote from: gib on December 06, 2017, 06:38:05 PM
Again, my aim is not to humiliate Mr Anabolic. He is a good contributor, and solid and sound financial sense. However, (as will be obvious to some), I do function at a very high level financially (and that's not an attempt to be arrogant, just the reality). Lets continue the discussion as we are making Getbig history here folks, and I am using Getbig of all places as a medium for my thoughts.

Oh, and $13,700.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on December 06, 2017, 06:46:07 PM
doesnt matter how much bitcoins are worth its not worth spending 24-7 thinking about and checking if it goes up or down.

that mental prison i wish upon nobody.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on December 06, 2017, 06:56:05 PM
And, it sounds as though the IRS is getting ready to go fishing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 06, 2017, 06:59:15 PM
Quote from: ratherbebig on December 06, 2017, 06:46:07 PM
doesnt matter how much bitcoins are worth its not worth spending 24-7 thinking about and checking if it goes up or down.

that mental prison i wish upon nobody.



I agree, its a nice position to be invested broadly such that you can ideally only check and re-allocate monthly, for example. Many of my friends are at that point, where they basically re-allocate monthly, quarterly or half yearly and ignore the "noise'. I'm like that with 90% or so of my assets but more active with the other 10%. (To be clear, for me, BTC is a long term hedge on the future - I don't actively trade).

Having said that, for anyone that has so much allocated to BTC that they really are tracking it 24/7, I wouldn't be too sorry for them - its a nice problem to have, and can be resolved at anytime simply by selling :))$$
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on December 06, 2017, 07:03:47 PM
Quote from: gib on December 06, 2017, 06:59:15 PM
I agree, its a nice position to be invested broadly such that you can ideally only check and re-allocate monthly, for example. Many of my friends are at that point, where they basically re-allocate monthly, quarterly or half yearly and ignore the "noise'. I'm like that with 90% or so of my assets but more active with the other 10%. (To be clear, for me, BTC is a long term hedge on the future - I don't actively trade).

Having said that, for anyone that has so much allocated to BTC that they really are tracking it 24/7, I wouldn't be too sorry for them - its a nice problem to have, and can be resolved at anytime simply by selling :))$$

Do you own Iota? Used Binance?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on December 06, 2017, 07:18:18 PM
Quote from: obsidian on December 06, 2017, 06:09:39 PM
Here to steal fella gib's thunder  8)

$14,453

There has to be a ceiling on this shit. All other currencies are dropping except Bitcoin.


One of the things about Bitcoin that gives it an advantage is some other cryptos need to be bought using Bitcoin first. It's not easy to just buy Litecoin for instance without a position in Bitcoin, limited access....

Based on tech alone regular Bitcoin is already behind, but it has put capital in the crypto market that will stay there. Once a better exchange or fee structure develops people will flow into another option. A 2% fee on a $1000 valuation not so bad but at $14k not so good. etc. One big hack on Coinbase and people will be off looking for the next platform.

IOTA is an interesting concept that solves some fee issues. The tech is going to change and partner with banks and retailers because people aren't going to buy $500 worth of crypto and just let it sit there. They want to spend it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 06, 2017, 07:25:08 PM
Quote from: SOMEPARTS on December 06, 2017, 07:18:18 PM

One of the things about Bitcoin that gives it an advantage is some other cryptos need to be bought using Bitcoin first. It's not easy to just buy Litecoin for instance without a position in Bitcoin, limited access....

Based on tech alone regular Bitcoin is already behind, but it has put capital in the crypto market that will stay there. Once a better exchange or fee structure develops people will flow into another option. A 2% fee on a $1000 valuation not so bad but at $14k not so good. etc. One big hack on Coinbase and people will be off looking for the next platform.

IOTA is an interesting concept that solves some fee issues. The tech is going to change and partner with banks and retailers because people aren't going to buy $500 worth of crypto and just let it sit there. They want to spend it.

Bitcoin is the big daddy and has critical mass. It will continue to attract the bulk of money, and will be the entry point for any newbee into crypto, let alone conservative pension funds, and HNW individuals and private bankers.

The "better exchange" that will evolve is peer-to-peer. And lets not forget, that the commissions that exchanges charge for BTC are already smaller that the commission charged on a typical transaction on physical gold.

Am I buying other crypto? No, because I am inherently conservative - I like to invest on something as much as a "sure thing" as possible. I acknowledge of course that better, and different technologies of course will come along - good luck to anyone who does manage to pick and invest in another successful coin!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Sizwe on December 06, 2017, 09:07:37 PM
Quote from: Mr Anabolic on September 01, 2017, 05:10:27 PM
I know all about the Fed reserve.  The US dollar will be dead in a few years... totally worthless.
Ben Bernanke recently gave a speech about benefits of bitcoin and cryptos/tokens.  What government/central bank would let some outside fiat currency instrument compete with their own fiat currency?  Answer... they wouldn't, unless they created it.  
About 10 years ago the feds arrested and threw someone in jail for making a Ron Paul coin that had a $1 dollar value on it.  
Goldman Sachs is now promoting and investing it in.  There are crypto/token ETF's coming.  
If the government is not behind it, they are certainly allowing and/or adopting it.  
The main goal is to take away the anonymity of physical cash so they can trace, track and tax everything.  
The end game is complete control.  
Say/do something subversive or negative about the government or a politician, they'll simply turn off your account access with a flick of a switch.

That would be quite Machiavellian indeed, and here's Julian Assange thinking he's got the drop on them..lol
https://twitter.com/JulianAssange/status/919247873648283653
(http://i1.wp.com/factordaily.com/wp-content/uploads/2017/10/Julian-Assange-on-Bitcoin.png?resize=660%2C773&ssl=1)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 06, 2017, 09:22:47 PM
Quote from: Mr Anabolic on September 01, 2017, 05:10:27 PM
I know all about the Fed reserve.  The US dollar will be dead in a few years... totally worthless.

Ben Bernanke recently gave a speech about benefits of bitcoin and cryptos/tokens.  What government/central bank would let some outside fiat currency instrument compete with their own fiat currency?  Answer... they wouldn't, unless they created it.  

About 10 years ago the feds arrested and threw someone in jail for making a Ron Paul coin that had a $1 dollar value on it.  

Goldman Sachs is now promoting and investing it in.  There are crypto/token ETF's coming.  

If the government is not behind it, they are certainly allowing and/or adopting it.  

The main goal is to take away the anonymity of physical cash so they can trace, track and tax everything.  

The end game is complete control.  

Say/do something subversive or negative about the government or a politician, they'll simply turn off your account access with a flick of a switch.

x2
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: QuietYou on December 06, 2017, 09:44:13 PM
Quote from: Zillotch on December 06, 2017, 09:22:47 PM
x2


Any proof that the most stable currency in the world is gonna be dead in a few years, other than because you said so?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 06, 2017, 09:46:31 PM
Quote from: QuietYou on December 06, 2017, 09:44:13 PM

Any proof that the most stable currency in the world is gonna be dead in a few years?

would u be upset if it was?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 06, 2017, 11:28:32 PM
I have a small amount in Bitcoin.

However, I do have some issues with it. Most of the people buying and holding Bitcoin are doing so for speculative reasons, very few are using it as a currency or for payments.

One of the most important characteristics of a currency is stability. Volatility and massive swings make people unwilling or hesitant to spend and make it difficult for a business to function which has to plan orders and buying of material and stock for the future.

Another issue is that when more traders and larger banks get involved, the chances of speculative attack increase, they do it on currencies and a 10-20% drop is considered a near disaster. There is no reserve bank to 'defend' Bitcoin or limit outflows or soften a massive sell-off.

Also, saying national currencies are just 'pieces of paper' and based only on sentiment is not true, there is a national economy behind a currency which includes factors of production, development and businesses which produce tangible things.

The national currency, if a floating one, is viewed basically the share price of the perceived value, strength, potential and stability of the national economy.

Another concern is that if this catches on and governments decide to copy it and act against Bitcoin, it would tumble to nothing.

Ideally, I would say a cryptocurrency should aim for price stability and this would encourage far more people to actually use it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: QuietYou on December 06, 2017, 11:31:38 PM
Quote from: Zillotch on December 06, 2017, 09:46:31 PM
would u be upset if it was?

Yes
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 07, 2017, 01:02:00 AM
Quote from: Griffith on December 06, 2017, 11:28:32 PM
I have a small amount in Bitcoin.

However, I do have some issues with it. Most of the people buying and holding Bitcoin are doing so for speculative reasons, very few are using it as a currency or for payments.

One of the most important characteristics of a currency is stability. Volatility and massive swings make people unwilling or hesitant to spend and make it difficult for a business to function which has to plan orders and buying of material and stock for the future.

Another issue is that when more traders and larger banks get involved, the chances of speculative attack increase, they do it on currencies and a 10-20% drop is considered a near disaster. There is no reserve bank to 'defend' Bitcoin or limit outflows or soften a massive sell-off.

Also, saying national currencies are just 'pieces of paper' and based only on sentiment is not true, there is a national economy behind a currency which includes factors of production, development and businesses which produce tangible things.

The national currency, if a floating one, is viewed basically the share price of the perceived value, strength, potential and stability of the national economy.

Another concern is that if this catches on and governments decide to copy it and act against Bitcoin, it would tumble to nothing.

Ideally, I would say a cryptocurrency should aim for price stability and this would encourage far more people to actually use it.


Glad you have some bitcoin. You have secured your future. I would urge anyone to get hold of just a small amount. Usd 1k now may be a great hedge against what may eventuate in the future.

As bitcoin grows into a global currency of course it will be volatile (mainly upwards!). There is no perfect way to smoothly transition billions of dollars in cash globally into a new digital currency. If we decided to suddenly pick a new metal as a store of value the same phenomenon would occur. Long term the value of bitcoin may stabilise but I suspect we are a long way off that yet. So for now buckle up and enjoy what may become the fastest and most rapid creation of a new universal store of wealth in history.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 07, 2017, 01:03:23 AM
$13.800
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 07, 2017, 02:16:00 AM
$13,900. Ho hum ... $$$
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 07, 2017, 02:19:53 AM
Quote from: Ganuvanx on March 17, 2014, 07:50:56 PM
Study this s-curve adoption graph closely. All successful new technologies follow the same curve for the most part. With only a 7 billion dollar market cap it's completely safe to say Bitcoin is in its infancy/early adopter state. After mass public adoption, which is on its way in the near future, we will see a Bitcoin price that will leave you in shock. Throw a few bucks in it.

I found this quote from Ganuvanx from back in 2014 in response to Mr Anabolic had written that bitcoins are a fairytale:). I didn’t realise his views want back so far historically. Again I predict he will come around but I bet he’s kicking himself for not getting it then!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 07, 2017, 03:06:49 AM
$14,000 ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 07, 2017, 03:08:48 AM
Quote from: jr on December 07, 2017, 02:20:28 AM

It just passed $15,000 in USA exchange (GDAX) and $18,000 in South Korea (Bitthumb).

Yep. I am a very conservative investor. I always build in safety margins when valuing assets.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 07, 2017, 03:14:31 AM
$14,100
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 07, 2017, 03:31:47 AM
$14,200
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on December 07, 2017, 03:55:27 AM
Quote from: QuietYou on December 06, 2017, 09:44:13 PM

Any proof that the most stable currency in the world is gonna be dead in a few years, other than because you said so?

Everyone in this thread is an expert in economics and finances.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: denarii on December 07, 2017, 04:16:35 AM
gib it will never be adopted, no government will legalise it and without that is just a piece of paper, or the electronic equivalent.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 07, 2017, 04:34:35 AM
Quote from: Mr Anabolic on November 10, 2017, 04:10:43 AM
You are fantasizing.

As I mentioned earlier in this thread... when the avalanche of sell orders come in and everyone is looking for an exit at the same time... they not be able to sell and most will get their faces ripped off.   You'll be saying to yourself: "Why the fuck didn't I sell at $7800?"

Nope. If anything sooner or later we will see an avalanche of buy orders come in.

And right now I’m quite happy I didn’t sell at $7800 :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 07, 2017, 04:44:10 AM
Oh, and $14,300 😂 $$$$ 😂

Only a bubble of you want it to be ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 07, 2017, 05:02:33 AM
$ 15.200
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 07, 2017, 06:27:04 AM
14,400
14,500
14,600
14,700
14,800
14,900 ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 07, 2017, 06:44:36 AM
On 3 December 2017 I wrote to Mr Anabolic as follows:

Quote from: gib on December 03, 2017, 07:31:26 AM
You were wrong in predicting that 5k was the top. That was a prediction that was with certainty proven incorrect. (And similarly my prediction that we would see 10k by year end was 100% proven correct.

And you were wrong in stating that bitcoin transactions were not anonymous.

But now, finally I see we are making progress with you. You have acknowledged that “Ponzi schemes can (and often do) go on for a very long time.” So just maybe, you are starting to accept that just like the gold “ponzi
scheme” the bitcoin “ponzi scheme”’ can run for much longer yet. And if so, then your self-acknowledged “I was just early” could end up costing you big time.

By the way, if you understand the origins behind bitcoin you will realise that Ponzi is not appropriate to use as there’s no fraud here being committed to the benefit of any person. However the debate about whether its a “bubble” is more valid.  

As for your statement that “Anybody foolish enough to buy at this level is going to get hosed big time” please be assured that I will also be back to quote this post by you in the future when we get to 40k (just because I like reminding people who make statements, when they where proven wrong by history and hindsight).

As for now helping others can be as narcissistic I am not sure. If anything I am being altruistic (as genuinely believe you are intending to be too).

I’ll say it again. You will be owning and using bitcoin (and the very first time you buy/transact/receive you will be thinking of me! So you might as well just buy now :)

He was not happy about being wrong with his “$5000 will be the top prediction”. So he tried again, and wrote:

Quote from: Mr Anabolic on December 01, 2017, 02:36:13 PM
IMO, all the biggest % gains in bitcoin have been made already.  For those who bought in early, that was the easy money.  I see some more upside here, but not that much... $13K - 15K tops, still wouldn't touch it at current levels... too many things can go wrong, for whatever reason.      

And so it is now with great relish and satisfaction that I once again am able to say, objectively, that Mr Anabolic was wrong!

I urge all of you to please read this entire thread (and you too Mr Anabolic!). I want all of us collectively to secure our futures. Bitcoin 40k year in is possible!

Oh, and $15,000.00!!!!!!!! $$$$$ yeah baby Sha-boom nothing but a peanut hell yeah!!!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 07, 2017, 06:46:18 AM
Oh, and $15,100 ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 07, 2017, 07:00:36 AM
gib is missing updates, lol... did he die?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 07, 2017, 07:01:59 AM
free money mutherfukers.... git u some
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 07, 2017, 07:04:51 AM
$15,969.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 07, 2017, 08:17:39 AM
$ 16,568.00
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 07, 2017, 08:19:29 AM
$16,949.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 07, 2017, 08:20:31 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 07, 2017, 08:23:44 AM
$20,000... posted preemptively to cut u people off.... from your god damned updates, lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 07, 2017, 08:49:21 AM
Quote from: Zillotch on December 07, 2017, 08:23:44 AM
$20,000... posted preemptively to cut u people off.... from your god damned updates, lol

Just showing how emotionally attached he his to his blipcoins.  Total obsession and it literally owns him.  Like he just found Jesus.  He even posts about it here when he should be sleeping.  He probably sets an alarm ever hour so he can post - lol    Will be lots of fun to see what he'll say when it crashes.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 07, 2017, 08:51:10 AM
Quote from: gib on December 07, 2017, 06:44:36 AM
On 3 December 2017 I wrote to Mr Anabolic as follows:

He was not happy about being wrong with his “$5000 will be the top prediction”. So he tried again, and wrote:

And so it is now with great relish and satisfaction that I once again am able to say, objectively, that Mr Anabolic was wrong!

I urge all of you to please read this entire thread (and you too Mr Anabolic!). I want all of us collectively to secure our futures. Bitcoin 40k year in is possible!

Oh, and $15,000.00!!!!!!!! $$$$$ yeah baby Sha-boom nothing but a peanut hell yeah!!!


You are obsessed.  You on drugs?   You need mental help.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 07, 2017, 08:53:15 AM
Quote from: Mr Anabolic on December 07, 2017, 08:49:21 AM
Total obsession and it literally owns him.  Like he just found Jesus.

he sure as fuk did not find jesus, lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 07, 2017, 08:57:52 AM
$17,325.

It just jumped a few hundred dollars in a few hours!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 07, 2017, 08:59:40 AM
Quote from: Zillotch on December 07, 2017, 08:53:15 AM
he sure as fuk did not find jesus, lol

You sure? Blipcoin is his savior.  Euphoria and delusion have completely taken over his mind.  This is how people on drugs behave.  

This thread is a great lesson in human psychology (anyone who is a trader or investor should take note).  

It will be fun to scroll through this thread when it's all over.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 07, 2017, 09:02:41 AM
Quote from: SF1900 on December 07, 2017, 08:57:52 AM
$17,325.

It just jumped a few hundred dollars in a few hours!

As it goes higher and higher into parabola, $1000 moves will take only seconds.   This will end very badly... it will be like yelling 'fire' in a packed movie theater.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on December 07, 2017, 09:13:39 AM
Quote from: Mr Anabolic on December 07, 2017, 09:02:41 AM
As it goes higher and higher into parabola, $1000 moves will take only seconds.   It will end very badly... it will be like yelling 'fire' in a packed movie theater.

But, if this can be converted to cash, people can make huge "real $" right?

Or is cash conversion not something that' easily doable?   I saw the bitcoin ATM machine pic, but didn't pay attention after.

If it can be converted, is it any different than buy a shell corp type stock that went up in price for no reason during the tech boom?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 07, 2017, 09:24:47 AM
Quote from: Mr Anabolic on December 07, 2017, 08:59:40 AM
You sure?

I am positive, lol

Quote from: Grape Ape on December 07, 2017, 09:13:39 AM
But, if this can be converted to cash, people can make huge "real $" right?

yes... if one has not made a literal fortune, already... they need their wires checked. free money.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 07, 2017, 09:29:54 AM
$16260.00 US Dollar!!

Sell, GIB, SELL!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on December 07, 2017, 09:31:15 AM
Quote from: Grape Ape on December 07, 2017, 09:13:39 AM
But, if this can be converted to cash, people can make huge "real $" right?

Or is cash conversion not something that' easily doable?   I saw the bitcoin ATM machine pic, but didn't pay attention after.

If it can be converted, is it any different than buy a shell corp type stock that went up in price for no reason during the tech boom?

Very easy to convert to cash.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on December 07, 2017, 09:31:52 AM
Quote from: robcguns on December 07, 2017, 09:31:15 AM
Very easy to convert to cash.

How is it done?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 07, 2017, 09:40:02 AM
Quote from: Mr Anabolic on December 07, 2017, 09:02:41 AM
As it goes higher and higher into parabola, $1000 moves will take only seconds.   This will end very badly... it will be like yelling 'fire' in a packed movie theater.

You seem overly invested in trying to prove GIB wrong. Who cares. It's his money. Not yours. If he loses it all, it has zero impact on your life.

Why is it so important for you to try and prove him wrong or see him fail?  ??? ??? ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: denarii on December 07, 2017, 09:40:51 AM
down 5500 from todays peak
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 07, 2017, 09:44:18 AM
Quote from: SF1900 on December 07, 2017, 09:29:54 AM
$16260.00 US Dollar!!

Sell, GIB, SELL!

But he won't.  He'll ride it up then all the way back down. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 07, 2017, 09:47:28 AM
I still say, tho... bitcoin is not the complete picture... depends on who is really behind the math... that said, there r obviously stupid amounts of money to be made. everyone should become an expert on this topic.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 07, 2017, 09:49:58 AM
Quote from: Zillotch on December 07, 2017, 09:47:28 AM
I still say, tho... bitcoin is not the complete picture... depends on who is really behind the math... that said, there r obviously stupid amounts of money to be made. everyone should become an expert on this topic.

I've already consulted with Vince Goodrum, CSN, MFT, HPP, CEO, about Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on December 07, 2017, 09:51:56 AM
Quote from: SF1900 on December 07, 2017, 09:29:54 AM
$16260.00 US Dollar!!

Sell, GIB, SELL!

Not at all.

He's always very objective with his investment decisions. Its been a key to his success.

He is a very conservative investor. He always build in safety margins when valuing assets.

He does function at a very high level financially.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on December 07, 2017, 09:53:02 AM
Quote from: gib on December 07, 2017, 01:02:00 AM
As bitcoin grows into a global currency of course it will be volatile (mainly upwards!). There is no perfect way to smoothly transition billions of dollars in cash globally into a new digital currency. If we decided to suddenly pick a new metal as a store of value the same phenomenon would occur. Long term the value of bitcoin may stabilise but I suspect we are a long way off that yet. So for now buckle up and enjoy what may become the fastest and most rapid creation of a new universal store of wealth in history.





 :D :D :D :D :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 07, 2017, 09:53:12 AM
Quote from: SF1900 on December 07, 2017, 09:49:58 AM
I've already consulted with Vince Goodrum, CSN, MFT, HPP, CEO, about Bitcoin.

not a better move to be made. as I've said – u r smart.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on December 07, 2017, 09:55:34 AM
Quote from: Grape Ape on December 07, 2017, 09:31:52 AM
How is it done?

Just send you bitcoin from your wallet to coinbase or whichever place you use then hit the sell button and you have whatever currency you use then they just deposit into bank account.I did a trial when I first bought in to see how quick it was.all in all took about 20 min.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on December 07, 2017, 10:02:49 AM
Quote from: robcguns on December 07, 2017, 09:55:34 AM
Just send you bitcoin from your wallet to coinbase or whichever place you use then hit the sell button and you have whatever currency you use then they just deposit into bank account.I did a trial when I first bought in to see how quick it was.all in all took about 20 min.

Thanks.

So anything over 10k would be tracked and taxed accordingly?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 07, 2017, 10:03:59 AM
Quote from: Zillotch on December 07, 2017, 09:53:12 AM
not a better move to be made. as I've said – u r smart.

If I was a true genius, I would have been able to figure out the bitcoin market myself.

However, there are many more getbiggers who are 100x smarter than I am. Thus, I seek their consultation.

Also, I don't know what it means to be "smart."
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on December 07, 2017, 10:04:40 AM
Quote from: Grape Ape on December 07, 2017, 10:02:49 AM
Thanks.

So anything over 10k would be tracked and taxed accordingly?

If using coinbase but there are other ways to do it without trace,I’m just not that clear on how to do it.Also you can buy things and cash out that way as there is an online gift card place and they take bitcoin.I know some Rolex dealers that take bitcoin so you can cash out that way with no trace.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 07, 2017, 10:07:21 AM
Quote from: SF1900 on December 07, 2017, 10:03:59 AM
If I was a true genius, I would have been able to figure out the bitcoin market myself.

Also, I don't know what it means to be "smart."

u r on fire today... uniquely connected to reality, for a change.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 07, 2017, 10:14:38 AM
Quote from: Zillotch on December 07, 2017, 10:07:21 AM
u r on fire today... uniquely connected to reality, for a change.

We are all smart in our way.

Look at Vince Goodrum, CSN, MFT, HPP, CEO. Ordinary man turned himself into a business mogul.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on December 07, 2017, 10:21:28 AM
Quote from: robcguns on December 07, 2017, 10:04:40 AM
If using coinbase but there are other ways to do it without trace,I’m just not that clear on how to do it.Also you can buy things and cash out that way as there is an online gift card place and they take bitcoin.I know some Rolex dealers that take bitcoin so you can cash out that way with no trace.

Ok, that would be a way for fort of larger transactions.

I was thinking in amount in the millions - like what the Winklevoss twins are sitting on.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on December 07, 2017, 10:24:25 AM
Quote from: Grape Ape on December 07, 2017, 10:21:28 AM
Ok, that would be a way for fort of larger transactions.

I was thinking in amount in the millions - like what the Winklevoss twins are sitting on.

Way out of my league.A few hundred grand I could get in rolex watches and move them quickly but millions would take a while hahaha.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on December 07, 2017, 10:37:59 AM
Quote from: robcguns on December 07, 2017, 10:24:25 AM
Way out of my league.A few hundred grand I could get in rolex watches and move them quickly but millions would take a while hahaha.

Based on what you guys are saying, I'm looking at this in the context of this being a pump and dump stock right now, with a bit of nuance around turning profits into real dollars.  I could be way off though - i'm only skimming the thread, but find the back and forth pretty interesting.

FWIW, Mark Cuban said it's worth taking a flyer on this, but with the idea that you assume all your money is lost once you invest.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on December 07, 2017, 10:40:27 AM
Quote from: Grape Ape on December 07, 2017, 10:37:59 AM
Based on what you guys are saying, I'm looking at this in the context of this being a pump and dump stock right now, with a bit of nuance around turning profits into real dollars.  I could be way off though - i'm only skimming the thread, but find the back and forth pretty interesting.

FWIW, Mark Cuban said it's worth taking a flyer on this, but with the idea that you assume all your money is lost once you invest.

Exactly,I gamble quite a bit so I figured why not. Have won big and lost big so whatever happens happens.I put 6000 into bitcoin when it was 7800 so I have 3/4 of one.If it goes thru the roof great if it pops oh well.i love the ride whether yo or down.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on December 07, 2017, 12:12:09 PM
Quote from: Grape Ape on December 07, 2017, 10:21:28 AM
Ok, that would be a way for fort of larger transactions.

I was thinking in amount in the millions - like what the Winklevoss twins are sitting on.

Those twins got in real early. When bitcoin was in the dolLar range. Those fucks are probably holding billions of dollars now.  Think about the group that robbed mtgox. That’s 10’s of billions.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 07, 2017, 12:30:27 PM
Quote from: robcguns on December 07, 2017, 10:04:40 AM
If using coinbase but there are other ways to do it without trace,I’m just not that clear on how to do it.Also you can buy things and cash out that way as there is an online gift card place and they take bitcoin.I know some Rolex dealers that take bitcoin so you can cash out that way with no trace.

The cash profits have to go into a bank account of some sort in order to withdraw the cash.  I cannot believe the Rolex dealer (or any other) transaction would be untraceable either.  If the IRS has you in their sights, they will get you.  Their are unscrupulous and are licking their chops over all the potential tax income from all this.  It's much easier to pay the taxes and have done with it, that way there will never be penalties or interest due.

Nothing digital or electronic is anonymous.  People who believe they are anonymous are simply deluding themselves.    
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on December 07, 2017, 01:05:16 PM
Quote from: Mr Anabolic on December 07, 2017, 12:30:27 PM
The cash profits have to go into a bank account of some sort in order to withdraw the cash.  I cannot believe the Rolex dealer (or any other) transaction would be untraceable either.  If the IRS has you in their sights, they will get you.  Their are unscrupulous and are licking their chops over all the potential tax income from all this.  It's much easier to pay the taxes and have done with it, that way there will never be penalties or interest due.

Nothing digital or electronic is anonymous.  People who believe they are anonymous are simply deluding themselves.    

I hear ya,the IRS has messed with me twice already and it sucks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on December 07, 2017, 01:25:06 PM
Looks like a number of people decided 15k was a good time to take profits. The saying is "nobody ever went broke taking profits".

I know a few people in Bitcoin just having a gambler's rush this week. They almost can't function and are talking about quitting their jobs and day-trading crypto.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on December 07, 2017, 01:54:00 PM
Quote from: SOMEPARTS on December 07, 2017, 01:25:06 PM
Looks like a number of people decided 15k was a good time to take profits. The saying is "nobody ever went broke taking profits".

I know a few people in Bitcoin just having a gambler's rush this week. They almost can't function and are talking about quitting their jobs and day-trading crypto.

It’s 16798 right now,I think people are buying not selling
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on December 07, 2017, 02:11:15 PM
Quote from: Mr Anabolic on December 07, 2017, 12:30:27 PM
The cash profits have to go into a bank account of some sort in order to withdraw the cash.  I cannot believe the Rolex dealer (or any other) transaction would be untraceable either.  If the IRS has you in their sights, they will get you.  Their are unscrupulous and are licking their chops over all the potential tax income from all this.  It's much easier to pay the taxes and have done with it, that way there will never be penalties or interest due.

Nothing digital or electronic is anonymous.  People who believe they are anonymous are simply deluding themselves.    

Ok, so you then report it and pay taxes, yet still make millions.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 07, 2017, 02:37:37 PM
Quote from: robcguns on December 07, 2017, 10:04:40 AM
If using coinbase but there are other ways to do it without trace,I’m just not that clear on how to do it.Also you can buy things and cash out that way as there is an online gift card place and they take bitcoin.I know some Rolex dealers that take bitcoin so you can cash out that way with no trace.

Many countries have so called OTC exchanges. You simply turn up, sell bitcoin and they give you cash. All totally anonymous. Common in HK, Korea, Japan for example.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 07, 2017, 02:40:58 PM
Quote from: Mr Anabolic on December 07, 2017, 12:30:27 PM
The cash profits have to go into a bank account of some sort in order to withdraw the cash.  I cannot believe the Rolex dealer (or any other) transaction would be untraceable either.  If the IRS has you in their sights, they will get you.  Their are unscrupulous and are licking their chops over all the potential tax income from all this.  It's much easier to pay the taxes and have done with it, that way there will never be penalties or interest due.

Nothing digital or electronic is anonymous.  People who believe they are anonymous are simply deluding themselves.    

Once again not correct Mr A.

One can sell and get cash directly. It’s called P2P sale. Can also do it OTC. Please go edumacate yourself.

Oh, and ... (yeah you know ...)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 07, 2017, 02:42:39 PM
Quote from: Grape Ape on December 07, 2017, 10:37:59 AM
Based on what you guys are saying, I'm looking at this in the context of this being a pump and dump stock right now, with a bit of nuance around turning profits into real dollars.  I could be way off though - i'm only skimming the thread, but find the back and forth pretty interesting.

FWIW, Mark Cuban said it's worth taking a flyer on this, but with the idea that you assume all your money is lost once you invest.

Read the entire thread please. Especially my posts :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on December 07, 2017, 02:45:53 PM
Quote from: Grape Ape on December 07, 2017, 02:11:15 PM
Ok, so you then report it and pay taxes, yet still make millions.

Exactly,like anything else.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on December 07, 2017, 02:46:22 PM
Quote from: gib on December 07, 2017, 02:42:39 PM
Read the entire thread please. Especially my posts :)

Funny how you dissapeared the hours Bitcoin was going down.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 07, 2017, 02:47:11 PM
Quote from: gib on December 07, 2017, 02:40:58 PM
Oh, and ... (yeah you know ...)

no updates till 20 000!!! lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 07, 2017, 02:48:15 PM
Quote from: Mr Anabolic on December 07, 2017, 09:02:41 AM
As it goes higher and higher into parabola, $1000 moves will take only seconds.   This will end very badly... it will be like yelling 'fire' in a packed movie theater.

Lol. Care to make another prediction again at what price that will happen? Or have you learned your lesson?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 07, 2017, 02:50:59 PM
Quote from: SF1900 on December 07, 2017, 09:40:02 AM
You seem overly invested in trying to prove GIB wrong. Who cares. It's his money. Not yours. If he loses it all, it has zero impact on your life.

Why is it so important for you to try and prove him wrong or see him fail?  ??? ??? ???

Exactly. At first I was being genuinely helpful. But then over time he seems to have become increasingly frustrated, calling names. At all times I have kept the discussion polite and rational. Any it’s all good :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on December 07, 2017, 02:51:18 PM
Quote from: Grape Ape on December 07, 2017, 02:11:15 PM
Ok, so you then report it and pay taxes, yet still make millions.

With the new deal corporations are getting with their trump tax break I’d just setup a Corp as a bitcoin trader and only pay 20% tax. Then write off the fuck out of it.  That’s the comical part is that most big corps already don’t pay tax because of the write offs.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on December 07, 2017, 02:53:18 PM
Quote from: gib on December 07, 2017, 02:50:59 PM
Exactly. At first I was being genuinely helpful. But then over time he seems to have become increasingly frustrated, calling names. At all times I have kept the discussion polite and rational. Any it’s all good :)

Props to you, that's the spirit.

It seems like every time I question someone on social media I get called names or blocked, even thou I'm polite. Those idiots can't debate me.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on December 07, 2017, 02:57:49 PM
Quote from: el numero uno on December 07, 2017, 02:53:18 PM
Props to you, that's the spirit.

It seems like every time I question someone on social media I got called names or blocked, even thou I'm polite. Those idiots can't debate me.

Wish I had listened to gib a while ago. But here’s why my gut says to sell. The MSM is all over this now and historically they’ve been the death knell of any good investment. Once they run stories on it that means the big holders are trying to get one last rush going before they sell and buy an island to retire on while everyone else gets fucked. Funny thing is BTC can hit $0 and it’ll have zero affect on the world.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 07, 2017, 03:13:36 PM
Quote from: gib on December 07, 2017, 02:48:15 PM
Lol. Care to make another prediction again at what price that will happen? Or have you learned your lesson?


LOL at your mental illness.  Completely irrational and delusional.  Consumed by euphoria, ignorance and greed.

Pull up the weekly chart... this is what a bubble looks like.  

Futures trading starts on Dec 10th.  Better sell now.

(https://einvestingforbeginners.com/wp-content/uploads/2014/02/bubble-phases.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 07, 2017, 03:16:04 PM
Quote from: gib on December 07, 2017, 02:40:58 PM
Once again not correct Mr A.

One can sell and get cash directly. It’s called P2P sale. Can also do it OTC. Please go edumacate yourself.

Oh, and ... (yeah you know ...)

...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 07, 2017, 03:17:26 PM
Quote from: Grape Ape on December 07, 2017, 02:11:15 PM
Ok, so you then report it and pay taxes, yet still make millions.

You have a fever too?

This disease is highly contagious.

It's called greed and ignorance.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 07, 2017, 03:33:32 PM
Quote from: Mr Anabolic on December 07, 2017, 08:51:10 AM

You are obsessed.  You on drugs?   You need mental help.



Nope. I’m good man. Take drugs very rarely (wine and whisky are my main choices, occasionally coffee or coke). And no, no mental help needed though always enjoy an academic discussion.

The point is, that when you make comments in cyberspace that are and have been objectively proven wrong, I will call you out on it. I called you out when you predicted 5000 would be the top. And called you out again when you said 13,500-15,000 would be the top. Lesson learned here for you is if you make such statements, be prepared to be proven, objectively, to be WRONG.

I on the other hand, when this thread started was ridiculed by you by stating that BTC could get to 10,000 by year end. And I was objectively proven RIGHT!

(I further stated it was quite possible we could see 40K by year end. Let’s see what happens...

I sold one coin yesterday to a friend in cash. (Note Mr A, entirely anon, no bank accounts). How this came about was that he was having issues opening an account with an online exchange due to various reasons. He wanted in ASAP and begged me to sell him one. So I did for $17,500, by transferring to a Trezor he had purchased (and yes I have the cash). I paid just under 1K for that coin so whilst it was kind of me to agree to sell it, I also made a nice gain and am happy to help a friend out.

Not sure what else to say here, oh except:

15,200
15,300
15,400
15,500
15,600
15,700
15,800
15,900
16,000
16,100 (need to stop now, fingers getting tired...)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 07, 2017, 03:41:13 PM
Gib, is it possible to get BTC (or ETH) at the current price? Because Coinbase seems to sell them higher than they are listed at coinranking.com

https://coinranking.com/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 07, 2017, 03:43:08 PM
Quote from: Mr Anabolic on December 07, 2017, 03:13:36 PM
LOL at your mental illness.  Completely irrational and delusional.  Consumed by euphoria, ignorance and greed.

Pull up the weekly chart... this is what a bubble looks like.  

Futures trading starts on Dec 10th.  Better sell now.

(https://einvestingforbeginners.com/wp-content/uploads/2014/02/bubble-phases.jpg)
LOL! Yes it is a bubble - just like our stock market is. The whole economy is a bubble.

But if people listened to you from the start they wouldn't have any to sell and therefore no profit to take. I wish I had bought more BTC 2 weeks ago. Hell, 7 years ago. Oh well.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 07, 2017, 03:48:11 PM
Quote from: gib on December 07, 2017, 03:33:32 PM
Nope. I’m good man. Take drugs very rarely (wine and whisky are my main choices, occasionally coffee or coke). And no, no mental help needed though always enjoy an academic discussion.

The point is, that when you make comments in cyberspace that are and have been objectively proven wrong, I will call you out on it. I called you out when you predicted 5000 would be the top. And called you out again when you said 13,500-15,000 would be the top. Lesson learned here for you is if you make such statements, be prepared to be proven, objectively, to be WRONG.

I on the other hand, when this thread started was ridiculed by you by stating that BTC could get to 10,000 by year end. And I was objectively proven RIGHT!

(I further stated it was quite possible we could see 40K by year end. Let’s see what happens...

I sold one coin yesterday to a friend in cash. (Note Mr A, entirely anon, no bank accounts). How this came about was that he was having issues opening an account with an online exchange due to various reasons. He wanted in ASAP and begged me to sell him one. So I did for $17,500, by transferring to a Trezor he had purchased (and yes I have the cash). I paid just under 1K for that coin so whilst it was kind of me to agree to sell it, I also made a nice gain and am happy to help a friend out.

Not sure what else to say here, oh except:

15,200
15,300
15,400
15,500
15,600
15,700
15,800
15,900
16,000
16,100 (need to stop now, fingers getting tired...)

...


You live in Asia right?  

How are those ladyboys treating you?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 07, 2017, 03:56:27 PM
Quote from: Mr Anabolic on December 07, 2017, 03:48:11 PM
...


You live in Asia right? 

How are those ladyboys treating you?

Live in multiple locations. Right now in Singapore. Tomorrow off to Australia. Im not doc Tony Huge so no ladyboys for me. How’s your parabolic curve going? Lol!

Here’s a website that connects buyers and sellers of bitcoin - no bank accounts needed ... hope that helps...

https://localbitcoins.com

Oh, and 16,200 😂 😂 😂 $$$ 🎅
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: QuietYou on December 07, 2017, 04:17:18 PM
What is your opinion on the potential of IOTA in the next 5-10 years and why?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 07, 2017, 04:21:11 PM
Quote from: gib on December 07, 2017, 03:56:27 PM
Live in multiple locations. Right now in Singapore. Tomorrow off to Australia. Im not doc Tony Huge so no ladyboys for me. How’s your parabolic curve going? Lol!

Here’s a website that connects buyers and sellers of bitcoin - no bank accounts needed ... hope that helps...

https://localbitcoins.com

Oh, and 16,200 😂 😂 😂 $$$ 🎅



"I'm on around 500K a year (after tax) - I am pretty happy"


If true, why are you so enamored with a silly thing like bitcoins and investing so much time posting 100's of posts on this thread?   I'm sincerely curious.  Bored I guess, huh?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on December 07, 2017, 04:23:37 PM
I had no idea their were so many millionaires on getbig.  Am I the only one with no money?   ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 07, 2017, 04:24:39 PM
Quote from: Twaddle on December 07, 2017, 04:23:37 PM
I had no idea their were so many millionaires on getbig.  Am I the only one with no money?   ???

Don't feel bad.  Lots of liars out there.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 07, 2017, 04:25:49 PM
squandering financial opportunities is foolish. the world is transforming... I find it highly interesting. kinda like a car crash, lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 07, 2017, 04:27:52 PM
Back up again!!

17460.01 US Dollar
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 07, 2017, 04:33:42 PM
Quote from: Mr Anabolic on December 07, 2017, 04:21:11 PM

"I'm on around 500K a year (after tax) - I am pretty happy"


If true, why are you so enamored with a silly thing like bitcoins and investing so much time posting 100's of posts on this thread?   I'm sincerely curious.  Bored I guess, huh?

Yes more for academic reasons and a bit of fun than anything :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 07, 2017, 04:36:27 PM
Quote from: gib on December 07, 2017, 04:33:42 PM
Yes more for academic reasons and a bit of fun than anything :)

If you were so rich, why on earth would you need to troll for willing women on Asian dating sites?...

"In approximately 2 weeks from now (actually 12 days and counting) I will be in Malaysia and look what I have lined up  -  a nice Malaysian girl to date http://www.admart.asia/en/MY/Dating/Women-Seeking-Men/page1/23988"


http://www.getbig.com/boards/index.php?topic=352213.msg4960924#msg4960924 (http://www.getbig.com/boards/index.php?topic=352213.msg4960924#msg4960924)


Something about this guy doesn't ring true. 

People do a lot of pretending on internet forums. 

Caveat emptor.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 07, 2017, 04:39:58 PM
Quote from: gib on December 07, 2017, 04:33:42 PM
Yes more for academic reasons and a bit of fun than anything :)

Oh. And:

16,200
16,300
16,400 ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 07, 2017, 04:47:57 PM
Quote from: Mr Anabolic on December 07, 2017, 04:36:27 PM
If you were so rich, why on earth would you need to troll for willing women on Asian dating sites?...

"In approximately 2 weeks from now (actually 12 days and counting) I will be in Malaysia and look what I have lined up  -  a nice Malaysian girl to date http://www.admart.asia/en/MY/Dating/Women-Seeking-Men/page1/23988"


http://www.getbig.com/boards/index.php?topic=352213.msg4960924#msg4960924 (http://www.getbig.com/boards/index.php?topic=352213.msg4960924#msg4960924)


Never claimed to be rich. Wealth is relative. To some I am rich and to others I’m poor. I consider myself both comfortable and fortunate. But most importantly happy!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 07, 2017, 04:48:49 PM
Quote from: gib on December 07, 2017, 04:39:58 PM
Oh. And:

16,200
16,300
16,400 ...

u know what, gib? fuk u and ur retarded updates, lol

my god... that was so worth 30 seconds.....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 07, 2017, 04:49:45 PM
Quote from: gib on December 07, 2017, 04:39:58 PM
Oh. And:

16,200
16,300
16,400 ...



Why the hell would you care?  You earn 500K a year (after tax)...


LMAO!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 07, 2017, 04:56:14 PM
Quote from: Mr Anabolic on December 07, 2017, 04:49:45 PM


Why the hell would you care?  You earn 500K a year (after tax)...


LMAO!

I care because each little number upwards proves your predictions more wrong and proves mine more correct. I enjoy these little pleasures :)

Oh and $16,500 ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 07, 2017, 04:59:14 PM
Quote from: QuietYou on December 07, 2017, 04:17:18 PM
What is your opinion on the potential of IOTA in the next 5-10 years and why?

I’ve answered that before. We will see various other coins succeed. Some will be created with new and better technologies. However I am conservative and am putting my $ where I think the most obvious cash will flow into. Certainly lots of talk about iota.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 07, 2017, 05:01:42 PM
Quote from: gib on December 07, 2017, 04:56:14 PM
I care because each little number upwards proves your predictions more wrong and proves mine more correct. I enjoy these little pleasures :)

Oh and $16,500 ...

No, that's not it.  Try again.

Post after post after post of the same bullshit.  Very obsessive behavior, and weird.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 07, 2017, 05:03:41 PM
Quote from: SF1900 on December 07, 2017, 04:27:52 PM
Back up again!!

17460.01 US Dollar

Oi stop stealing my thunder. I can keep up!!!!

If we get over 100k I’ll start doing updates only by the 1000s :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 07, 2017, 05:05:28 PM
Quote from: Mr Anabolic on December 07, 2017, 05:01:42 PM
No, that's not it.  Try again.
$16,600?

I’ll try a little more later. Fingers tired of informing you of all these gains.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 07, 2017, 05:06:29 PM
Quote from: gib on December 07, 2017, 05:05:28 PM
$16,600?

I’ll try a little more later. Fingers tired of informing you of all these gains.

Oh and $16,700
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 07, 2017, 05:06:40 PM
Quote from: gib on December 07, 2017, 05:05:28 PM
$16,600?

I’ll try a little more later. Fingers tired of informing you of all these gains.

Your obsessive trolling is pathetic.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 07, 2017, 05:07:19 PM
Quote from: gib on December 07, 2017, 05:06:29 PM
Oh and $16,700

I'm seeing it much higher than that... what are you looking at?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 07, 2017, 05:11:57 PM
Quote from: Mr Anabolic on December 07, 2017, 05:01:42 PM
No, that's not it.  Try again.

Post after post after post of the same bullshit.  Very obsessive behavior, and weird.

Actually if you don’t realise, each number is a little good hearted dig at you, reminding you of your wrongness. As for obsessive, your anti-bitcoin / bubble / ponzi / parabolic curve musings go back to 2014! And you have repeated over and over whereas I have rationally addressed and patiently explained (as anyone reading this thread will see)

Oh and $16,700 :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 07, 2017, 05:12:59 PM
Quote from: Mr Anabolic on December 07, 2017, 04:36:27 PM
If you were so rich, why on earth would you need to troll for willing women on Asian dating sites?...

"In approximately 2 weeks from now (actually 12 days and counting) I will be in Malaysia and look what I have lined up  -  a nice Malaysian girl to date http://www.admart.asia/en/MY/Dating/Women-Seeking-Men/page1/23988"


http://www.getbig.com/boards/index.php?topic=352213.msg4960924#msg4960924 (http://www.getbig.com/boards/index.php?topic=352213.msg4960924#msg4960924)


Something about this guy doesn't ring true.  

People do a lot of pretending on internet forums.  

Caveat emptor.


"PS - I'm worth around 6m, and got there without ever winning a bbing contest - lol"

http://www.getbig.com/boards/index.php?topic=406853.msg5813216#msg5813216 (http://www.getbig.com/boards/index.php?topic=406853.msg5813216#msg5813216)


Gib says he's worth 6m, yet he has to troll for women on Asian dating sites.   lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 07, 2017, 05:14:32 PM
Quote from: Mr Anabolic on December 07, 2017, 05:07:19 PM
I'm seeing it much higher than that... what are you looking at?

Ok we are making progress. I though all you saw was a bubble!

Different exchanges have different prices. I always gravitate the lowest prices when valuing anything I hold -it’s a conservative trait that has served me well to date.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 07, 2017, 05:15:33 PM
Quote from: gib on December 07, 2017, 05:11:57 PM
Actually if you don’t realise, each number is a little good hearted dig at you, reminding you of your wrongness. As for obsessive, your anti-bitcoin / bubble / ponzi / parabolic curve musings go back to 2014! And you have repeated over and over whereas I have rationally addressed and patiently explained (as anyone reading this thread will see)

Oh and $16,700 :)

I told you, it's at least $1000 higher than that.


You're ridiculously obsessed with me.  I'm flattered.   ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 07, 2017, 05:18:17 PM
Quote from: Mr Anabolic on December 07, 2017, 05:12:59 PM

"PS - I'm worth around 6m, and got there without ever winning a bbing contest - lol"

http://www.getbig.com/boards/index.php?topic=406853.msg5813216#msg5813216 (http://www.getbig.com/boards/index.php?topic=406853.msg5813216#msg5813216)


Gib says he's worth 6m, yet he has to troll for women on Asian dating sites.   lol


6m? That must be an extremely old post. You can reverse extrapolate to what kind of asset base an income of say 500k @ say 4% suggests right?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 07, 2017, 05:22:35 PM
Quote from: gib on December 07, 2017, 05:18:17 PM
6m? That must be an extremely old post. You can reverse extrapolate to what kind of asset base an income of say 500k @ say 4% suggests right?


Lies are often hard to remember.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 07, 2017, 05:24:39 PM
17496.46 US Dollar

WENT ABOUT ABOUT 30 DOLLARS!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 07, 2017, 05:26:43 PM
$ 18,180.80

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 07, 2017, 05:35:12 PM
Quote from: SF1900 on December 07, 2017, 05:24:39 PM
17496.46 US Dollar

WENT ABOUT ABOUT 30 DOLLARS!!

Yay!

I'm done wasting time on this thread.  I've got way better things to do than banter back and forth with a narcissistic sociopath.  

I'll come back to this thread after bitcoin crashes to serve up a cold plate of liver with a side order of crow.  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 07, 2017, 06:15:22 PM
Quote from: FitnessFrenzy on December 07, 2017, 05:26:43 PM
$ 18,180.80


Impressive! It will come down again for sure but this is fucking impressive. Should have bought MOAR BTC!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on December 07, 2017, 06:16:08 PM
Quote from: obsidian on December 07, 2017, 06:15:22 PM
Impressive! It will come down again for sure but this is fucking impressive. Should have bought MOAR BTC!!!

Will it?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on December 07, 2017, 06:43:46 PM
Again... ALL paper profit until you sell...

Takes no genius to ride the tide higher, it takes a genius to know when to sell


ZERO.... ZERO...... ZERO liquidity on the downside...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on December 07, 2017, 07:32:56 PM
Quote from: TheGrinch on December 07, 2017, 06:43:46 PM
Again... ALL paper profit until you sell...

Takes no genius to ride the tide higher, it takes a genius to know when to sell


ZERO.... ZERO...... ZERO liquidity on the downside...

I honestly wish I could read minds but... since, aside from the one-lined bullshit detractors are willing to throw at it, I find it hard, EXTREMELY HARD, to believe that other folks would not be willing to buy your bitshit for $ 11,000 at this point.

It would take a monumental COORDINATED effort (the likes we see in the FIAT currency world) to bring this puppy from 17k to 0. Or 15k. Or 10k. Or 5k. There's not real (coordinated) shorting yet. I sure as hell suspect the powers-that-be are looking for ways to bring this puppy down. Greenspan, the old fuck that laid the subprime loans collapse pillars down tight, came out against bitcoin, so did the JP Morgan CEO, both old farts who can barely attach a file to an email.   

What we should be hearing from the head honchos by now is complete silence. The complete silence that comes with overnight meetings trying to hash this shit out with their technology teams. But we don't. What we hear instead is people who ought to be shutting the fuck up and learning and instead talking smack as though they know what C++ is. They don't.

The critics are starting to sound like Blockbuster directors talking about Netflix.

The sound of their breakfast being taken from under their noses is conveniently kept out because, as usual, the CEOs expect some regulator to come to the rescue.

THEY WONT.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: QuietYou on December 07, 2017, 07:55:55 PM
Quote from: Slapper on December 07, 2017, 07:32:56 PM
I honestly wish I could read minds but... since, aside from the one-lined bullshit detractors are willing to throw at it, I find it hard, EXTREMELY HARD, to believe that other folks would not be willing to buy your bitshit for $ 11,000 at this point.

It would take a monumental COORDINATED effort (the likes we see in the FIAT currency world) to bring this puppy from 17k to 0. Or 15k. Or 10k. Or 5k. There's not real (coordinated) shorting yet. I sure as hell suspect the powers-that-be are looking for ways to bring this puppy down. Greenspan, the old fuck that laid the subprime loans collapse pillars down tight, came out against bitcoin, so did the JP Morgan CEO, both old farts who can barely attach a file to an email.   

What we should be hearing from the head honchos by now is complete silence. The complete silence that comes with overnight meetings trying to hash this shit out with their technology teams. But we don't. What we hear instead is people who ought to be shutting the fuck up and learning and instead talking smack as though they know what C++ is. They don't.

The critics are starting to sound like Blockbuster directors talking about Netflix.

The sound of their breakfast being taken from under their noses is conveniently kept out because, as usual, the CEOs expect some regulator to come to the rescue.

THEY WONT.

Maybe there is a ton of bitcoin stashed away by original owners and many powers that be, that are just waiting to be revealed. This is something to truely think about.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 07, 2017, 08:28:42 PM
Quote from: Mr Anabolic on December 07, 2017, 05:35:12 PM
Yay!

I'm done wasting time on this thread.  I've got way better things to do than banter back and forth with a narcissistic sociopath.  

I'll come back to this thread after bitcoin crashes to serve up a cold plate of liver with a side order of crow.  

What? Wait...don’t go. Was it those ever increasing numbers I kept posting that finally made you crack? Well you can blame that goddamn parabolic curve of yours for that :)
 
As for why I post a little behind the actual market price, well for one thing it enables me to post nice smooth continuously upward moving numbers for you. Call it reducing volatility.

As for my wealth, well in terms of the validity of bitcoin as an investment it should actually not really matter whether it’s 100m, 20m or zero (clue - one of these may actually be quite close to the mark). My arguments are equally valid regardless of any wealth I have. If it suits, please assume I am worth zero, but please let’s keep the discussion going. Any legit points not already addressed by this long thread I will be happy to answer.

(I would think/hope that you can deduct from my various posts that I’m legit though but that’s up to you. I am toying with the idea of offering to have a trusted mod do a video call to whom I can then show an actual broadcast of my screen showing stock trading account etc live to verify if I’m legit or not but that’s really all a little far-fetched isn’t it - even for Get Big?)

Again, I’m inclined to agree with most of your views on investing. Indeed I may be even more conservative that you are. Indeed I strongly adhere to my mentor’s rules no.1 (and no.2). You know what I mean right? As I have explained (and please re-read) I am a value investor. This means I buy what can be valued and I buy it below value. BTC is not something that would fall into my typical comfort zone - reason being that it cannot be valued (which is also why I am adverse to gold). My advocating for BTC was due to what I picked as being a societal trend. A collective and social economic movement and transfer of wealth made possible by a range of dynamics (social, political, economic, psychological, and technological) which I foresaw as converging. And I was RIGHT!

I think it’s very admirable that you are warning people about bubbles etc. (I genuinely mean that). So no hard feelings I hope. Please do read my prior posts and just reflect for a bit. (I might actually compile an “executive summary” of “highlights” snippets at some point for easy reading and post that up).

Oh, and... (ok just kidding!!!)

PS - see you at 40K

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 08, 2017, 06:16:55 AM
BITCOIN IS DOWN!!

15549.94 US Dollar
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 08, 2017, 07:23:48 AM
this shit will go crazy.. the tech, it will be the future. think in those terms. will bitcoin be 'the one'? It may be... or something like it... or several like it. the tech - is here to stay.

this is the largest opportunity... that all of u will ever have... to become wealthy. turn yourself into an expert, if becoming wealthy matters to you.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 08, 2017, 08:22:41 AM
Quote from: Zillotch on December 08, 2017, 07:23:48 AM
this shit will go crazy.. the tech, it will be the future. think in those terms. will bitcoin be 'the one'? It may be... or something like it... or several like it. the tech - is here to stay.

this is the largest opportunity... that all of u will ever have... to become wealthy. turn yourself into an expert, if becoming wealthy matters to you.

know this, as well... the wealth generating transformation, that is about to take place... will coincide with the downfall of man.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 08, 2017, 02:10:50 PM
everyone on this forum, has the ability to amass a fortune. the even meagerly intelligent, will do so.

just keep in mind:

Quote from: Zillotch on December 08, 2017, 08:22:41 AM
the wealth generating transformation, that is about to take place... will coincide with the downfall of man.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Wiggs on December 08, 2017, 02:32:36 PM
You fellas need to be ready for corrections and not pull out based on emotions. Getbiggers don't pull out!

Buy at large dips, research aloins i.e. thorough research i.e. whitepapers. Be weary of ICOs, most are scams sometimes can get lucky like Matt and IOTA.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on December 08, 2017, 02:57:29 PM
Quote from: Mr Anabolic on December 07, 2017, 03:17:26 PM
You have a fever too?

This disease is highly contagious.

It's called greed and ignorance.

I'm not disputing you.

I'm saying if you time it, you can profit immensely.  Real $.

I've done it with stocks worth absolute poop.

I think you and gib are present two sides of a coin pretty well, and it's a good read.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on December 08, 2017, 03:10:13 PM
Quote from: Zillotch on December 08, 2017, 07:23:48 AM
this shit will go crazy.. the tech, it will be the future. think in those terms. will bitcoin be 'the one'? It may be... or something like it... or several like it. the tech - is here to stay.

this is the largest opportunity... that all of u will ever have... to become wealthy. turn yourself into an expert, if becoming wealthy matters to you.


No chance Bitcoin ends up being "the one" long term however it is the one right now to profit from. Remember when Time Warner bought AOL? Don't be last in the door or get burnt.

No emerging tech stays the same. The blockchain is going to end up too large to manage and other hybrid methods like the one IOTA uses will replace it. I think it takes 95% of Bitcoin miners to agree to a hard fork/upgrade to its software so next to no chance that it keeps up once the new tech takes hold(last fork attempt failed). The first crypto to mesh as a payment service with Amazon, Paypal, eBay etc is the big winner. A lot of this "money" remains outside of the easily spendable realm. My 2 cents...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 08, 2017, 03:23:53 PM
Quote from: SOMEPARTS on December 08, 2017, 03:10:13 PM
No emerging tech stays the same. The blockchain is going to end up too large to manage

no, I really don't think so.

I think of block chain as the foundational.. 'whatever', to be built upon, or not. its the beginning. watch for the tech, and there is your goldmine.

like I said... buy walmarts crypto - early
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Wiggs on December 08, 2017, 03:30:50 PM
As long as fees are as high as they are, this will hold btc back. If I'm correct, the blockchain is the reason there are these fees because of mining.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on December 08, 2017, 03:33:11 PM
Maybe I should edit that to say inefficient then. Yes the basic premise is lasting but when a variant comes along that is safer, faster, cheaper, takes less power, bandwidth, etc. it will be law of the jungle.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 08, 2017, 03:40:24 PM
Quote from: SOMEPARTS on December 08, 2017, 03:33:11 PM
Maybe I should edit that to say inefficient then. Yes the basic premise is lasting but when a variant comes along that is safer, faster, cheaper, takes less power, bandwidth, etc. it will be law of the jungle.

things will become more efficient, thats for sure, and fast
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 08, 2017, 04:41:50 PM
Quote from: Wiggs on December 08, 2017, 02:32:36 PM
You fellas need to be ready for corrections and not pull out based on emotions. Getbiggers don't pull out!

Buy at large dips, research aloins i.e. thorough research i.e. whitepapers. Be weary of ICOs, most are scams sometimes can get lucky like Matt and IOTA.

Agreed!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 08, 2017, 05:02:44 PM
16327.58 US Dollar
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 08, 2017, 05:32:04 PM
also, current tech could do back flips, and completely transform... matters not:

Quote from: Zillotch on December 08, 2017, 03:23:53 PM
I think of block chain as the foundational.. 'whatever', to be built upon, or not. its the beginning. watch for the tech, and there is your goldmine.

easy money.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on December 08, 2017, 07:59:01 PM
It's a good thing Bitcoin is decentralized huh? ::)


Hackers steal US$64m from cryptocurrency firm NiceHash

LONDON, Dec 8 — A Slovenian cryptocurrency mining marketplace, NiceHash, said it lost about US$64 million (RM261.5 million) worth of bitcoin in a hack of its payment system, the latest incident to highlight risks that uneven oversight and security pose to booming digital currencies.

NiceHash matches people looking to sell processing time on computers in exchange for bitcoin.

There have been at least three dozen heists on exchanges that buy and sell digital currencies since 2011, including one that led to the 2014 collapse of Mt. Gox, once the world’s largest bitcoin market.

More than 980,000 bitcoins have been stolen from exchanges, which would be worth more than US$15 billion at current exchange rates. Few have been recovered, leaving some investors without any compensation.


Read more at http://www.themalaymailonline.com/tech-gadgets/article/hackers-steal-us64m-from-cryptocurrency-firm-nicehash#GE1L1SxqDE6COzSX.99
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 08, 2017, 08:01:13 PM
Quote from: el numero uno on December 08, 2017, 07:59:01 PM
Bitcoin

bitcoin... is sinister.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on December 08, 2017, 08:05:04 PM
I expect a huge hack on Coinbase in the coming months. Inside job like Mt Gox or not it's coming. There are going to be a lot disgruntled bag holders on the wrong side of a trade here and there and since the rest of crypto is faceless/nameless the exchanges are always going to have a target on their back.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tres_taco_combo on December 08, 2017, 08:52:05 PM
its just modern day bank robbers.

used to be hit em off the docks or get the bank on main street has gone cyber.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on December 08, 2017, 09:09:05 PM
We'll see what happens 12/17/17 when they can start shorting Bitcoin on futures markets. If they treat it like other commodities they hate(like gold and silver) look out. You have a highly inflated asset where the exchange locks up when there is too much volume. Could be a lot of angry losers who can't get out fast enough as they short the hell out of it. Then again could go up as they initially buy in...to then short as mentioned previously, haha.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 08, 2017, 09:28:16 PM
15853.58 US Dollar
15853.58 US Dollar
15853.58 US Dollar
15853.58 US Dollar
15853.58 US Dollar
15853.58 US Dollar
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: macos on December 08, 2017, 09:47:38 PM
Quote from: el numero uno on December 08, 2017, 07:59:01 PM
It's a good thing Bitcoin is decentralized huh? ::)


Hackers steal US$64m from cryptocurrency firm NiceHash

LONDON, Dec 8 — A Slovenian cryptocurrency mining marketplace, NiceHash, said it lost about US$64 million (RM261.5 million) worth of bitcoin in a hack of its payment system, the latest incident to highlight risks that uneven oversight and security pose to booming digital currencies.

NiceHash matches people looking to sell processing time on computers in exchange for bitcoin.

There have been at least three dozen heists on exchanges that buy and sell digital currencies since 2011, including one that led to the 2014 collapse of Mt. Gox, once the world’s largest bitcoin market.

More than 980,000 bitcoins have been stolen from exchanges, which would be worth more than US$15 billion at current exchange rates. Few have been recovered, leaving some investors without any compensation.


Read more at http://www.themalaymailonline.com/tech-gadgets/article/hackers-steal-us64m-from-cryptocurrency-firm-nicehash#GE1L1SxqDE6COzSX.99


Bitcoin is the biggest scam on earth till date after the Hu=ousing Bubble, DOT COM Crash,, Tulip Mania


Primary source of funding for extremist financing, terrorist financing, drug money laundering

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 08, 2017, 09:53:03 PM
Quote from: el numero uno on December 08, 2017, 07:59:01 PM
It's a good thing Bitcoin is decentralized huh? ::)


Hackers steal US$64m from cryptocurrency firm NiceHash

LONDON, Dec 8 — A Slovenian cryptocurrency mining marketplace, NiceHash, said it lost about US$64 million (RM261.5 million) worth of bitcoin in a hack of its payment system, the latest incident to highlight risks that uneven oversight and security pose to booming digital currencies.

NiceHash matches people looking to sell processing time on computers in exchange for bitcoin.

There have been at least three dozen heists on exchanges that buy and sell digital currencies since 2011, including one that led to the 2014 collapse of Mt. Gox, once the world’s largest bitcoin market.

More than 980,000 bitcoins have been stolen from exchanges, which would be worth more than US$15 billion at current exchange rates. Few have been recovered, leaving some investors without any compensation.


Read more at http://www.themalaymailonline.com/tech-gadgets/article/hackers-steal-us64m-from-cryptocurrency-firm-nicehash#GE1L1SxqDE6COzSX.99

Indeed - because the bitcoins themselves are entirely safe. The lesson here is to store your coins safely and not trust others to do this for you.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheShape. on December 08, 2017, 09:54:52 PM
The IRS wants their share
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 08, 2017, 09:55:14 PM
Quote from: macos on December 08, 2017, 09:47:38 PM

Primary source of funding for extremist financing, terrorist financing, drug money laundering


Err, no that would be the good old USD I believe ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 08, 2017, 10:07:18 PM
Mr Anabolic - 4 September 2017...

Quote from: Mr Anabolic on September 04, 2017, 08:26:09 AM
He's a contrary indicator... just like the stinky raghead taxi driver recommending my friend to buy bitcoins two weeks ago.

Me thinks $5000 was THE top.  Let's see if I'm right.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: macos on December 08, 2017, 10:10:41 PM
Quote from: gib on December 08, 2017, 09:55:14 PM
Err, no that would be the good old USD I believe ...


BTC leaves no money trail,

USD is converted and interconverted into BTC to trade
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 08, 2017, 10:32:51 PM
Quote from: macos on December 08, 2017, 10:10:41 PM

BTC leaves no money trail,

USD is converted and interconverted into BTC to trade

Cash leaves no money trail either if just exchanged directly. Same with gold. But yes BTC has the upper hand in terms of transportability and anononimity for sure.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 08, 2017, 11:02:18 PM
Quote from: gib on December 08, 2017, 10:07:18 PM
Mr Anabolic - 4 September 2017...



Looks like he was only off by 10k. I guess he was wrong.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Matt on December 09, 2017, 12:14:33 AM
Meh, my IOTA has gone up from $5,000 to $10,375 since Monday, so I am not bothered by this news.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 09, 2017, 07:22:17 AM
Quote from: Zillotch on December 08, 2017, 05:32:04 PM
easy money.

think in terms of billions... that is the chance one has right now. its never been easier.... fuking remarkable, actually.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on December 09, 2017, 07:54:56 AM
Quote from: Wiggs on December 08, 2017, 02:32:36 PM
You fellas need to be ready for corrections and not pull out based on emotions. Getbiggers don't pull out!

Buy at large dips, research aloins i.e. thorough research i.e. whitepapers. Be weary of ICOs, most are scams sometimes can get lucky like Matt and IOTA.

Fuck that shit.

I'm going all Peter North on the Bitcoin/Iota/XRP triage. Like right now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 09, 2017, 08:00:32 AM
follow the tech, dudes... outside of currency as well
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on December 09, 2017, 08:07:51 AM
Quote from: Slapper on December 09, 2017, 07:54:56 AM
Fuck that shit.

I'm going all Peter North on the Bitcoin/Iota/XRP triage. Like right now.

You think ripple can do much?ive been interested in it but doesn’t seem like much value will come from it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 09, 2017, 08:17:23 AM
IT LOOKS LIKE BITCOIN IS DROPPING!!

15550.00 US Dollar

IT LOOKS LIKE BITCOIN IS DROPPING!!

15550.00 US Dollar
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on December 09, 2017, 08:30:02 AM
Quote from: Zillotch on December 09, 2017, 08:00:32 AM
follow the tech, dudes... outside of currency as well

Z, give us hints as to which cryptos YOU think have the best technology.

My understanding is that ETH is the real gold nugget in the group. I think the technology is still in its infancy and that Ripple as well as Iota are going to be the first ones to be put to function because there is a real urgent need to facilitate payments around the world and circumvent all the local government/currency bullshit. Once that takes off, some of the cryptos will skyrocket past AT LEAST 10k.

10-15 years down the line we will be talking about ETH being worth possibly 15k per contract. Being a computer-savvy person, I see the technology skyrocketing soon and solving many of what we nowadays consider to be unsolvable problems. Just to give you an example, in 5-10 years, the technology is going to make possible things like a person in the US getting a mortgage loan from a Nepalese individual at 1%, and avoiding all the administrative bull shit that comes with borrowing from a US bank. This is just a sample.

Prove me wrong but... I strongly believe that the value in these investments will depend on their functionality. What I recommend people do is find potential usage, find out what that business current value is in the US and then find a crypto that solves that problem. If the market cap is well bellow that business value, that is money for the taking.

GUYS, THROW IDEAS OUT. DON'T BE SHY.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on December 09, 2017, 08:34:43 AM
In the future banks will be a thing of the past.

They are useless.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 09, 2017, 08:50:46 AM
Quote from: Zillotch on December 09, 2017, 07:22:17 AM
think in terms of billions... that is the chance one has right now. its never been easier.... fuking remarkable, actually.

Billions huh?  This type of thinking is why bubbles form.  The idea of getting rich by not working for it is very seductive. The dumb money always buys close to, or at the top.  Prudent investors buy assets when they are undervalued, not overvalued or when they are a bubble.  

Yes, it could go up higher, but it will eventually end badly.  All the people jumping in at the top get wiped out.  That's not my opinion, history has proven this over and over again.

I thought $5000 was the top based on the price/chart action at the time.  Yep, I was wrong (I'm certain someone if having an orgasm reading that).  These speculative bubble manias are quite irrational.  They can (and often do) go on for longer than most people expect.  It's mostly due to the fantasy of getting rich without doing any real work.  It almost hit $20,000 intraday, but the price is now $15,000 as I write this.  That's a -25% difference.  

Futures trading starts on Sunday 6pm EST.  The price has been relatively flat because the whales (1000 people own 40% of the total bitcoin market) are waiting to see how futures trading will affect the price.  I expect the volatility to increase very dramatically on Sunday night, maybe sooner.  Should be fun to watch.  

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 09, 2017, 08:52:34 AM
 :D :D :D :D :D

Mr. Anabolic:

Yay!

I'm done wasting time on this thread. I've got way better things to do than banter back and forth with a narcissistic sociopath.  

I'll come back to this thread after bitcoin crashesto serve up a cold plate of liver with a side order of crow.  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 09, 2017, 09:11:25 AM
final remark - this 'tech'... is dark, gentlemen.... and will alter, and then end - humanity. that is what I believe.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 09, 2017, 09:16:32 AM
Quote from: Zillotch on December 09, 2017, 09:11:25 AM
final remark - this 'tech'... is dark, gentlemen.... and will alter, and then end - humanity. that is what I believe.

Thank you.

You are an extremely smart man.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 09, 2017, 09:17:42 AM
Quote from: Slapper on December 09, 2017, 08:34:43 AM
In the future banks will be a thing of the past.

They are useless.

Unless there is a revolution in the US and Europe, and the entire financial system implodes, this won't happen.

Your life revolves around and is based on a world that central banks have created.  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 09, 2017, 09:20:16 AM
Quote from: SF1900 on December 09, 2017, 08:52:34 AM
:D :D :D :D :D

Mr. Anabolic:
Yay!

I'm done wasting time on this thread. I've got way better things to do than banter back and forth with a narcissistic sociopath.  

I'll come back to this thread after bitcoin crashesto serve up a cold plate of liver with a side order of crow.  

I'm very bored today, so I thought I'd have some fun. 

The liver and crow is sitting in the freezer.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 09, 2017, 09:21:39 AM
Quote from: Zillotch on December 09, 2017, 09:11:25 AM
final remark - this 'tech'... is dark, gentlemen.... and will alter, and then end - humanity. that is what I believe.

Yes.  I've discussed this here before.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 09, 2017, 09:45:16 AM
Quote from: Slapper on December 09, 2017, 08:30:02 AM
Z, give us hints as to which cryptos YOU think have the best technology.

My understanding is that ETH is the real gold nugget in the group.

See how gold is so ingrained into society.  You are subconsciously comapring something tangible/real with digital vaporware.  It's not by accident either.

For 5000+ years gold has been the ultimate storage of labor, value and wealth.

- The golden boy
- The golden rule
- The golden nugget
- Heart of gold
- As good as gold
- Worth it's weight in gold
- Gold-digger
- Golden parachute
- Golden oldies
- Silence is golden
- Goose that laid the golden egg

wow.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: buresu on December 09, 2017, 09:45:34 AM
13400 $
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 09, 2017, 09:47:46 AM
Quote from: buresu on December 09, 2017, 09:45:34 AM
13400 $

If you post every time it loses $100, that would be funny.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 09, 2017, 09:51:24 AM
This came up on google now:

$14306.62
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: buresu on December 09, 2017, 09:56:36 AM
13100 $
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 09, 2017, 09:58:58 AM
Quote from: buresu on December 09, 2017, 09:56:36 AM
13100 $

Where are you getting this from?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: buresu on December 09, 2017, 10:05:54 AM
Quote from: SF1900 on December 09, 2017, 09:58:58 AM
Where are you getting this from?

blockchain
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 09, 2017, 10:07:22 AM
Quote from: SF1900 on December 09, 2017, 09:58:58 AM
Where are you getting this from?

Very stable.  Exchanges don't even value it the same way.

lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 09, 2017, 10:21:27 AM
SELL, GIB, SELL!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on December 09, 2017, 10:59:55 AM
Quote from: Mr Anabolic on December 09, 2017, 10:07:22 AM
Very stable.  Exchanges don't even value it the same way.

lol


Exchanges and their poor service and inflated pricing as the gatekeeper are a huge weakness right now. At one point a few days ago Coinbase was quoting thousands over per Bitcoin. That sort of thing won't fly for long. Either a better exchange option will come along or a truly de-centralized workaround will pop up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on December 09, 2017, 11:04:41 AM
I hope it goes down to 5k then I will buy two more and enjoy the bumpy ride.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on December 09, 2017, 11:10:36 AM
Quote from: robcguns on December 09, 2017, 11:04:41 AM
I hope it goes down to 5k then I will buy two more and enjoy the bumpy ride.


It was $5900 less than a month ago. I'm wondering what happens when it starts getting shorted on futures markets in a week.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on December 09, 2017, 11:13:40 AM
Quote from: SOMEPARTS on December 09, 2017, 11:10:36 AM

It was $5900 less than a month ago. I'm wondering what happens when it starts getting shorted on futures markets in a week.

Should be interesting.Definitely in for a roller coaster of a ride.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on December 09, 2017, 11:18:11 AM
Quote from: Mr Anabolic on December 09, 2017, 10:07:22 AM
Very stable.  Exchanges don't even value it the same way.

lol

I'm not an investor, so I don't know how these things are valued.  However, I just looked at the USD price of BTC on Coindesk, Coinbase, and Blockchain.  These are supposed to be realtime values.  I got the following:

Coinbaise: 14,774
Coindesk:  14,319
Blockchain:  14,617

How can there be such a variance from one to the other?  I really don't understand how this works.   ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on December 09, 2017, 11:20:09 AM
Quote from: Twaddle on December 09, 2017, 11:18:11 AM
I'm not an investor, so I don't know how these things are valued.  However, I just looked at the USD price of BTC on Coindesk, Coinbase, and Blockchain.  These are supposed to be realtime values.  I got the following:

Coinbaise: 14,774
Coindesk:  14,319
Blockchain:  14,617

How can there be such a variance from one to the other?  I really don't understand how this works.   ???

I know coinbase is higher so they can make more money I imagine besides fees.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 09, 2017, 12:21:06 PM
Hypothetically, if there was a massive sell-off in a short period of time, would these exchanges have the available cash to pay out billions?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on December 09, 2017, 12:24:35 PM
Quote from: Griffith on December 09, 2017, 12:21:06 PM
Hypothetically, if there was a massive sell-off in a short period of time, would these exchanges have the available cash to pay out billions?



Wouldn’t even be able to sell off,coinbase was down a few days ago for 8 hours due to high volume.So you gotta be quick or just hold for the long run.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on December 09, 2017, 12:26:10 PM
Quote from: Griffith on December 09, 2017, 12:21:06 PM
Hypothetically, if there was a massive sell-off in a short period of time, would these exchanges have the available cash to pay out billions?



Or, would they honor the sell orders?  What if some news breaks, that would detrimentally effect the value of the bitcoin.  There would be a huge sell off in a short period, as you state.  What if the exchanges say, "No thanks, we're no longer interested."  Would people be stuck?   ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 09, 2017, 12:46:28 PM
Quote from: robcguns on December 09, 2017, 12:24:35 PM
Wouldn’t even be able to sell off,coinbase was down a few days ago for 8 hours due to high volume.So you gotta be quick or just hold for the long run.

The sell orders will overwhelm the exchanges and the prices drop.  Your order will get filled eventually, but at a much lower price.  This even happens with legit trading brokerages during big stock market selloffs.  I've seen it many times... the trading platform locks up and doesn't respond.  Many times I was short, but couldn't get out at the low.  It sucks.

Once the grand selloff begins those holding for "the long run" will turn into fearful sellers.  There's only so much pain people can take watching the price go lower, lower and lower.

This is all going to happen at some point in the future.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 09, 2017, 12:50:05 PM
Quote from: Mr Anabolic on December 09, 2017, 10:07:22 AM
Very stable.  Exchanges don't even value it the same way.

lol

I really do not care if it's stable. I have ZERO bitcoin. It makes no difference to me. In fact, I did not know what bitcoin was until getbig talked about.

I just like to bump this thread to see you idiots go back-and-forth.  :D :D

But, I think Ill bow out now and stop updating.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 09, 2017, 12:59:09 PM
Quote from: jr on December 09, 2017, 12:56:42 PM
The exchanges should have the cash already, as the buyers have to have funds deposited at the exchange before they can buy.

During a massive sell-off the sellers receive cash from the buyers via the exchange. The money is already deposited at the exchange, all that happens is the computer system of the exchange just debits the buyers account and credit the sellers account with the cash.

If exchanges are mismanaging peoples deposited money then they might not have the available cash.


OK. Is there  any public knowledge on how these exchanges are managed and what their assets and available funds are?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 09, 2017, 02:19:32 PM
Quote from: Griffith on December 09, 2017, 12:59:09 PM
OK. Is there  any public knowledge on how these exchanges are managed and what their assets and available funds are?

Nope.  There is no transparency whatsoever.  I would imagine there are a few more Mt Gox's out there.  When this bubble mania starts to wear off and the majority of btc holders become sellers, that will reveal the troubled/mismanaged/scam exchanges. 

90% of the new people jumping into cryptos are doing it because they think they can make some quick, easy money.  The astonishing thing is... these people don't really know anything about what they are buying.     
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on December 09, 2017, 04:25:39 PM
Correct me if I'm wrong but... the exchange doesn't actually hold anything. When two entities want to trade, let's say fiat to BTC in this case, all the exchange does is facilitate the trade, but nothing more. The trade happens almost simultaneously. The issue, I reckon, has to do with extreme high volume of transactions and the lack of computing power, which is the real issue.
 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: QuietYou on December 09, 2017, 04:34:04 PM
every time there is a price hike there will be a price drop at least for some time shortly after. Once it hits an all-time high alot of people will sell and think that it is peaking. The smart people keeping holding on and once the sellers end up selling the bitcoin. There is nobody left to sell. Demand increases, price goes up again.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on December 09, 2017, 06:33:46 PM
Why is gib only around when bitcrap is going up?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 09, 2017, 06:52:47 PM
Quote from: TheGrinch on December 09, 2017, 06:33:46 PM
Why is gib only around when bitcrap is going up?

Still here. Will answer questions a little later. A bit busy right now ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on December 09, 2017, 07:26:59 PM
Quote from: jr on December 09, 2017, 05:56:49 PM
They hold customer funds and bitcoins.

Here is Bitfinex exchanges customer bitcoin storage address:

https://bitinfocharts.com/bitcoin/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r (https://bitinfocharts.com/bitcoin/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r)

They are holding 1.7 billion dollars worth of customer bitcoins under the control of  their exchange.

Methinks we're talking about two different things... Jr was talking about the exchanges having enough cash on hand for a massive sell-off, the issue is that those funds are the client's money, not money that can be used to grease a massive sell off. Kinda like segregated securities deposited in the client's name, they don't belong to the firm, they just happen to reside there for the time being. THIS is the rabbit hole Jr was going into... I think.

I can have money deposited in a brokerage account in the form of cash and the broker can't use those funds for shit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 09, 2017, 07:40:44 PM
Quote from: Slapper on December 09, 2017, 07:26:59 PM
Methinks we're talking about two different things... Jr was talking about the exchanges having enough cash on hand for a massive sell-off, the issue is that those funds are the client's money, not money that can be used to grease a massive sell off. Kinda like segregated securities deposited in the client's name, they don't belong to the firm, they just happen to reside there for the time being. THIS is the rabbit hole Jr was going into... I think.

I can have money deposited in a brokerage account in the form of cash and the broker can't use those funds for shit.
This is correct, at least for regulated exchanges like Coinbase. There is however the risk that that a regulated exchange is misusing a customers assets. This can happen with banks and stockbrokerers too, although if regulated and audited etc it should not happening. The other risk of course is theft (either internal or via a hack). Regulated exchanges like Coinbase are (at least in theory) fully ensured and covered in the event of a theft/hack. I’m not comfortable with having any substantial amounts with an exchange, nor are any of my friends who are more active. Pretty much the golden rule is to get whatever you have off any exchange and into cold storage.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 09, 2017, 08:00:21 PM
Quote from: Slapper on December 09, 2017, 04:25:39 PM
Correct me if I'm wrong but... the exchange doesn't actually hold anything. When two entities want to trade, let's say fiat to BTC in this case, all the exchange does is facilitate the trade, but nothing more. The trade happens almost simultaneously. The issue, I reckon, has to do with extreme high volume of transactions and the lack of computing power, which is the real issue.
 

Depends of the exchange. For many they actually do take custody and “hold coins” for clients and also “hold cash” clients. This is especially so for clients who want cash on hand to buy and/or coins on hold to sell.

For larger transactions 50k USD above, many people prefer to go direct peer to peer. No middle man, no exchange, and no money trail. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 09, 2017, 08:05:33 PM
Quote from: SOMEPARTS on December 09, 2017, 10:59:55 AM

Exchanges and their poor service and inflated pricing as the gatekeeper are a huge weakness right now. At one point a few days ago Coinbase was quoting thousands over per Bitcoin. That sort of thing won't fly for long. Either a better exchange option will come along or a truly de-centralized workaround will pop up.

That is correct. Over time competition will bring margins down. As for a better exchange option, that of course exists - is called peer to peer. Zero commission.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 09, 2017, 08:07:04 PM
Quote from: Mr Anabolic on December 09, 2017, 09:47:46 AM
If you post every time it loses $100, that would be funny.

It would indeed. In fact I was just waiting for you to start doing this Mr A! Especially if it got to $4900 again - I think you could quite rightfully, and with relish, end a post with “...oh and $4900”’. That would be well deserved justice and vindication!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 09, 2017, 08:13:47 PM
Quote from: Mr Anabolic on December 09, 2017, 08:50:46 AM
Billions huh?  This type of thinking is why bubbles form.  The idea of getting rich by not working for it is very seductive. The dumb money always buys close to, or at the top.  Prudent investors buy assets when they are undervalued, not overvalued or when they are a bubble.  

Yes, it could go up higher, but it will eventually end badly.  All the people jumping in at the top get wiped out.  That's not my opinion, history has proven this over and over again.

I thought $5000 was the top based on the price/chart action at the time.  Yep, I was wrong (I'm certain someone if having an orgasm reading that).  These speculative bubble manias are quite irrational.  They can (and often do) go on for longer than most people expect.  It's mostly due to the fantasy of getting rich without doing any real work.  It almost hit $20,000 intraday, but the price is now $15,000 as I write this.  That's a -25% difference.  

Futures trading starts on Sunday 6pm EST.  The price has been relatively flat because the whales (1000 people own 40% of the total bitcoin market) are waiting to see how futures trading will affect the price.  I expect the volatility to increase very dramatically on Sunday night, maybe sooner.  Should be fun to watch.  



Just has my orgasm lol. Seriously though props for admitting you were wrong (and nothing wrong in being wrong by the way. What is wrong though is failing to admit when you are).

I agree with the first paragraph of Mr A.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 09, 2017, 08:19:22 PM
Quote from: Wiggs on December 08, 2017, 02:32:36 PM
You fellas need to be ready for corrections and not pull out based on emotions. Getbiggers don't pull out!
 

Yes, but are they cautious and do use protection? Or do they just stick it into anything and everything at any chance they get?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on December 09, 2017, 08:57:52 PM
Most getbigers prefer Buttcoin
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 09, 2017, 11:30:41 PM
we all know how bitcoin ends because its not money.

Zcash could be the big one. that might just become money. JPMorgan are in on it. plan to make it 'money'. if this holds true, it will make bitcoin gains look primitive as you will have a system endorsed by the Fed Res because they are in bed with JPM.  ill be dumping 10k into zcash.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 10, 2017, 12:59:41 AM
Quote from: jr on December 09, 2017, 01:12:53 PM
I don't think so as they are private companies.

There is some evidence that one of the biggest exchanges named "Bitfinex" is engaging in questionable activites.

Do a google search with the keywords: bitfinex tether



Just read about bitfinex tether....quite a few worrying articles about them and they're one of the biggest exchanges even in Bitcoin.

Here's one: http://business.financialpost.com/investing/theres-an-814-million-mystery-near-the-heart-of-the-biggest-bitcoin-exchange
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 10, 2017, 03:00:09 AM
Quote from: Griffith on December 10, 2017, 12:59:41 AM
Just read about bitfinex tether....quite a few worrying articles about them and they're one of the biggest exchanges even in Bitcoin.

Here's one: http://business.financialpost.com/investing/theres-an-814-million-mystery-near-the-heart-of-the-biggest-bitcoin-exchange

Yep - I would not be keeping any money or coins with bitfinex. Remember the coins you have are fine if you have control of them. If you don’t then you are at risk.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Ted SuperSet on December 10, 2017, 03:03:34 AM
Quote from: calfzilla on September 04, 2017, 12:48:10 AM
People make fun but Vince Goodrum was right and way ahead of everyone. It was what, over a year ago he made his famous bitcoin thread. If we listened to Vince we would all be rich now.

2x so true
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 10, 2017, 03:55:08 AM
Quote from: gib on December 09, 2017, 08:07:04 PM
It would indeed. In fact I was just waiting for you to start doing this Mr A! Especially if it got to $4900 again - I think you could quite rightfully, and with relish, end a post with “...oh and $4900”’. That would be well deserved justice and vindication!

Nah, I would never stoop to your level.  Besides posting every $100 loss takes up too much of my precious time.




I'll post every -$1000 loss instead.   ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 10, 2017, 03:57:17 AM
Quote from: Griffith on December 10, 2017, 12:59:41 AM
Just read about bitfinex tether....quite a few worrying articles about them and they're one of the biggest exchanges even in Bitcoin.

Here's one: http://business.financialpost.com/investing/theres-an-814-million-mystery-near-the-heart-of-the-biggest-bitcoin-exchange

The whole thing is a Ponzi scam.  Most do not want to accept this because they are seduced by the idea of getting something for nothing.  People are selling their homes to buy bitcoins and bitcoin mining equipment.  People sold their homes in 1637 to buy tulip bulbs... that worked out well. 

When it's all said and done, there will be LOTS of bag-holders and people jumping off tall buildings.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 10, 2017, 04:44:25 AM
Quote from: Mr Anabolic on December 10, 2017, 03:57:17 AM
The whole thing is a Ponzi scam.  Most do not want to accept this because they are seduced by the idea of getting something for nothing.  People are selling their homes to buy bitcoins and bitcoin mining equipment.  They did the same thing during tulip mania in 1637. 

When it's all said and done, there will be LOTS of bag-holders and people jumping off tall buildings.

I have a explained earlier in this thread why these terms are not appropriate to describe bitcoin. Let’s talk this through and let me start by asking you why you think this about bitcoin but not gold ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 10, 2017, 04:55:53 AM
Quote from: Mr Anabolic on December 10, 2017, 03:57:17 AM
The whole thing is a Ponzi scam.  People are selling their homes to buy bitcoins and bitcoin mining equipment.  People sold their homes in 1637 to buy tulip bulbs... that worked out well. 


Many also did this to join the gold rush back in the day. And that also worked out well for many.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 10, 2017, 05:00:24 AM
Quote from: gib on December 10, 2017, 04:44:25 AM
I have a explained earlier in this thread why these terms are not appropriate to describe bitcoin. Let’s talk this through and let me start by asking you why you think this about bitcoin but not gold ...

I have explained it, but for some reason you either ignore it, or maybe have reading comprehension issues.

Bitcoin is digital vaporware.  It is not tangible.  It is a speculative tech nerd fad.  It is a get rich quick mania based on the greater fool principle.  It can be hacked, deleted, destroyed and traced.  It has counterparty risks.

Gold has been a store of wealth, labor and value for the last 5000+ years.  It cannot be hacked, or deleted or destroyed.  When you own physical gold, there is no counterparty risk.  It doesn't tarnish or rust.  Bury it in the ground for thousands of years, dig it up, it's still gold.

I don't see how you can debate any of this, but I'm sure you'll try your best.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 10, 2017, 05:52:32 AM
Quote from: Mr Anabolic on December 10, 2017, 05:00:24 AM
I have explained it, but for some reason you either ignore it, or maybe have reading comprehension issues.

Bitcoin is digital vaporware.  It is not tangible.  It is a speculative tech nerd fad.  It is a get rich quick mania based on the greater fool principle.  It can be hacked, deleted, destroyed and traced.  It has counterparty risks.

Gold has been a store of wealth, labor and value for the last 5000+ years.  It cannot be hacked, or deleted or destroyed.  When you own physical gold, there is no counterparty risk.  It doesn't tarnish or rust.  Bury it in the ground for thousands of years, dig it up, it's still gold.

I don't see how you can debate any of this, but I'm sure you'll try your best.


OK - let me respond:

"Bitcoin is digital vaporware" - this a non-nonsensical phrase that actually means nothing - I could respond that gold is basically just "a rock in the ground" (or as Buffet puts it "a useless lump of metal that just sits there and does nothing except costing money to transport and guard" - but that would also be irrelevant - so lets move on - name calling will get us nowhere in working this out

"It is not tangible" Correct - and neither is most of the gold traded over exchanges nor indeed is any publicly traded stock neither is the money you keep in the bank - so all in all correct but not a great argument to support the view that btc is a scam

"It is a speculative tech nerd fad." - Every single investment is inherently "speculative" - "tech nerd" = name calling (see above) - "fad" - time will tell - on a long enough continuum of human history gold is also "fad" though more of a caveman fad than a "tech nerd" fad

"It is a get rich quick mania based on the greater fool principle." This is not what BTC is - BTC is an asset and an mathematical algorithm - it inherently cannot be a "mania" but yes arguably these is a rush to invest into this asset (just as in times past there has been a rush to invest into gold)- so call that "mania" if you wish - again name calling - I could give it a much more positive sounding name for what is taking place like "financial revolution" - reality is that money is flowing into this asset (and indeed this has to happen if the BTC really is going to attain a significant market cap comparable to gold - so its a catch 22 - to become like gold its necessary for more money to flow into this asset - you call it "mania" others might call it the gradual legitimization of BTC as a gold-like asset

"It can be hacked, deleted, destroyed and traced.  It has counterparty risks." Nope not correct BTC has never been hacked - this is what makes it so very popular and trusted - exchanges can be hacked though just like banks who hold gold can be broken into - BTC cannot ever be deleted (but if you forget where you hid it you will never get it back - just like gold) - but again no BTC has ever ever been deleted - its impossible - Also cannot be destroyed - not sure what you mean by traced but transactions are anonyous (which is why hacker thieves cannot be caught) - again though as I have explained before if you trade via a regulated exchange who follows KYC principles then yes just like any banking transaction the trades on an exchange can be traced by whatever records the exchange keeps

"Gold has been a store of wealth, labor and value for the last 5000+ years.  It cannot be hacked, or deleted or destroyed.  When you own physical gold, there is no counterparty risk.  It doesn't tarnish or rust.  Bury it in the ground for thousands of years, dig it up, it's still gold." Sounds lovely but is not relevant to your claim that BTC is a scam

And perhaps most importantly there is no fraudulent intent behind the creation of BTC (the existence of which would be essential in order to call BTC a scam or a Ponzi scheme
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 10, 2017, 07:12:40 AM
Quote from: gib on December 10, 2017, 05:52:32 AM
OK - let me respond:

"Bitcoin is digital vaporware" - this a non-nonsensical phrase that actually means nothing - I could respond that gold is basically just "a rock in the ground" (or as Buffet puts it "a useless lump of metal that just sits there and does nothing except costing money to transport and guard" - but that would also be irrelevant - so lets move on - name calling will get us nowhere in working this out

"It is not tangible" Correct - and neither is most of the gold traded over exchanges nor indeed is any publicly traded stock neither is the money you keep in the bank - so all in all correct but not a great argument to support the view that btc is a scam

"It is a speculative tech nerd fad." - Every single investment is inherently "speculative" - "tech nerd" = name calling (see above) - "fad" - time will tell - on a long enough continuum of human history gold is also "fad" though more of a caveman fad than a "tech nerd" fad

"It is a get rich quick mania based on the greater fool principle." This is not what BTC is - BTC is an asset and an mathematical algorithm - it inherently cannot be a "mania" but yes arguably these is a rush to invest into this asset (just as in times past there has been a rush to invest into gold)- so call that "mania" if you wish - again name calling - I could give it a much more positive sounding name for what is taking place like "financial revolution" - reality is that money is flowing into this asset (and indeed this has to happen if the BTC really is going to attain a significant market cap comparable to gold - so its a catch 22 - to become like gold its necessary for more money to flow into this asset - you call it "mania" others might call it the gradual legitimization of BTC as a gold-like asset

"It can be hacked, deleted, destroyed and traced.  It has counterparty risks." Nope not correct BTC has never been hacked - this is what makes it so very popular and trusted - exchanges can be hacked though just like banks who hold gold can be broken into - BTC cannot ever be deleted (but if you forget where you hid it you will never get it back - just like gold) - but again no BTC has ever ever been deleted - its impossible - Also cannot be destroyed - not sure what you mean by traced but transactions are anonyous (which is why hacker thieves cannot be caught) - again though as I have explained before if you trade via a regulated exchange who follows KYC principles then yes just like any banking transaction the trades on an exchange can be traced by whatever records the exchange keeps

"Gold has been a store of wealth, labor and value for the last 5000+ years.  It cannot be hacked, or deleted or destroyed.  When you own physical gold, there is no counterparty risk.  It doesn't tarnish or rust.  Bury it in the ground for thousands of years, dig it up, it's still gold." Sounds lovely but is not relevant to your claim that BTC is a scam

And perhaps most importantly there is no fraudulent intent behind the creation of BTC (the existence of which would be essential in order to call BTC a scam or a Ponzi scheme


I've gave my reasoning, thoughts and opinions, which is what you asked me for.  Gold is real wealth backed by  thousands of years of history, bitcoins are digital 1's and 0's backed by nothing.  It's that simple.  

The main point people use to validate themselves for bitcoin being so fantastic is the PRICE, everything else is pretty much technical babble stories they read on the internets.  1000 people own 40% of bitcoins in existence... that is not a good thing.  When a few of these whales sell, the price will come tumbling down.  

You really enjoy going back and forth.  You seem to thrive off it.  I wonder how you'd be in person?  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 10, 2017, 08:39:34 AM
An article just stated that bitcoin can potentially turn into a multi trillion dollar industry.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 10, 2017, 08:45:01 AM
Quote from: SF1900 on December 10, 2017, 08:39:34 AM
An article just stated that bitcoin can potentially turn into a multi trillion dollar industry.

I'll take a wild guess the person that wrote the article has a vested interest. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on December 10, 2017, 08:51:22 AM
Is everyone here aware of the fact that the Federal Reserve requires banks to hold ONLY 12% as required reserve ratio? Do you know what that means? It means that if the bank is holding $100,000,000 in deposits, BY LAW (;D,) they are only required to have $12,000,000 in the vault on a just-in-case basis. Meaning that if 80% of the people holding deposits at that bank were to go there and try to withdraw their money they would be told to come back on a later date, if ever. It would then become an issue that would have to be settled with the FDIC which, in a deposit-withdrawal frenzy/panic, would go bankrupt in less than a day.

That people look at the current cryptocoin world and find nothing by issues when our current banking scheme is the most fucked up and one-sided in the history of mammals...

 ???  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 10, 2017, 09:00:01 AM
Quote from: Slapper on December 10, 2017, 08:51:22 AM
Is everyone here aware of the fact that the Federal Reserve requires banks to hold ONLY 12% as required reserve ratio? Do you know what that means? It means that if the bank is holding $100,000,000 in deposits, BY LAW (;D,) they are only required to have $12,000,000 in the vault on a just-in-case basis. Meaning that if 80% of the people holding deposits at that bank were to go there and try to withdraw their money they would be told to come back on a later date, if ever. It would then become an issue that would have to be settled with the FDIC which, in a deposit-withdrawal frenzy/panic, would go bankrupt in less than a day.

That people look at the current cryptocoin world and find nothing by issues when our current banking scheme is the most fucked up and one-sided in the history of mammals...

 ???  

To be fair, massive runs on the banks are not very common.

People trying to rapidly cash out their shares at the same time is far more common.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on December 10, 2017, 09:14:37 AM
Quote from: Griffith on December 10, 2017, 09:00:01 AM
To be fair, massive runs on the banks are not very common.

People trying to rapidly cash out their shares at the same time is far more common.

We have had massive stock sell offs from which we have rebounded without a problem.

However, the last time we had a run on deposits, we ended up in a depression. 

Anyone heard of soup lines? Yeah, that was because of cash.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on December 10, 2017, 09:19:02 AM
Remember this?

(http://cdn.history.com/sites/2/2014/01/BE040028-P.jpeg)

It wasn't because their stocks became worthless, people were forced to stand in line to get soup because the banks holding their cash went belly up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 10, 2017, 10:06:54 AM
Quote from: Slapper on December 10, 2017, 09:19:02 AM
Remember this?

(http://cdn.history.com/sites/2/2014/01/BE040028-P.jpeg)

It wasn't because their stocks became worthless, people were forced to stand in line to get soup because the banks holding their cash went belly up.

Yes, this happened in 1929 before colour photography.

People get scammed with shitty stocks and investments everyday.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on December 10, 2017, 06:05:00 PM
Are bitcoins the new kigtropins?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: QuietYou on December 10, 2017, 06:10:43 PM
Quote from: El Diablo Blanco on December 10, 2017, 06:05:00 PM
Are bitcoins the new kigtropins?

Only after the bitcoins are mass hacked and all of the buyers end up being scammed do they become the new kigtropins. Except bitcoin already has too many testimonials for it's existence (More than one) for it to be in the same category  ::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 10, 2017, 06:50:25 PM
Quote from: Mr Anabolic on December 10, 2017, 07:12:40 AM
I've gave my reasoning, thoughts and opinions, which is what you asked me for.  Gold is real wealth backed by  thousands of years of history, bitcoins are digital 1's and 0's backed by nothing.  It's that simple.  

The main point people use to validate themselves for bitcoin being so fantastic is the PRICE, everything else is pretty much technical babble stories they read on the internets.  1000 people own 40% of bitcoins in existence... that is not a good thing.  When a few of these whales sell, the price will come tumbling down.  

You really enjoy going back and forth.  You seem to thrive off it.  I wonder how you'd be in person?  

I like a good debate and enjoy proving people wrong in person as much as I do online.

The fact that gold is "backed by thousands of years of history" in no way is any kind of proof that BTC is a scam. Its only inevitable that a digital currency will evolve much much faster than gold did as a store of value.

You say that BTC is "backed by nothing" - yes, its correct there is no government backing – obviously there are no underlying assets and this is literally the entire point of bitcoin! (just like gold by the way).

You say that BTC has not transparency - but actually it is 100% transparent - that the entire point of the distributed ledger and the blockchain!

The Ponzi scam involved one person benefitting by paying out a fraudulent yield from ever increasing new investors. With BTC there is no yield being paid for a start, nor is there a person perpetrating a kind of fraud who might be benefitting from the deception of others.

BTC and gold are entirely dependent on the continued adoption and belief of inherent value by others. Both have zero Government backing.

If anything, the "fraud" being committed, is by Governments who steal from people by printing paper money (effectively devaluing people's savings), and indeed the creation of BTC was a reaction to that.

So now that we have concluded that BTC cannot be considered a fraud or a Ponzi scheme, what you should be asking (and maybe what you meant all along) is whether BTC is a "bubble". And this simply cannot be answered - the reason being that BTC cannot be valued. An and for a bubble to be proven to exist, it is required for there to be a calculable inherent value in the asset alleged to be a bubble. This cannot be done for BTC (but it can be done for assets that produce yields, such as stocks or property).

Now finally, you tried to scare everyone with your claims that futures trading will lead to BTC falling in value, and to be scared of "naked shorting", as though this is some kind of mystical boogie-man coming to kill BTC. I will say it again - futures trading will massively legitimize BTC, further putting it on a similar footing to gold. We will likely see far far more money flowing into the underlying asset as a result. Futures now make it very easy for asset managers to diversify into bitcoin now and an asset like bitcoin as they can not get exposure without the need to buy and hold the underlying asset.

"Naked shorting", involves selling a futures contract without holding the underlying asset (in this case bitcoin). The risk here as a naked shortseller is that your loss is potentially unlimited. If the price of bitcoin rises you lose more and more money. So its a massively risky position to be taking on a asset who's value cannot be calculated. At least early on, I don't expect much in the way of large-scale naked shorts in the bitcoin futures market, expect for a few very speculative gambles. It would simply be too much of a risky trade to make in an asset class that has in the past haw shown high amounts of volatility and overall upward movement. So, if anything, I would expect to see substantial long positions instead.

Again, I cannot say with certainty what will happen, but I will try to explain whatever has happened as futures start trading. I would add that uncertainty always creates opportunity to make $$$.

Good luck to all, and time will tell who was right...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Shizzo on December 10, 2017, 06:53:32 PM
Gib, if you do not sell at least a quarter of your share in Bitcoin, then you are a moron.

Don't carry all of your eggs in one basket.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 10, 2017, 06:56:10 PM
Quote from: Shizzo on December 10, 2017, 06:53:32 PM
Gib, if you do not sell at least a quarter of your share in Bitcoin, then you are a moron.

Don't carry all of your eggs in one basket.

Thanks Shizz - I have less than 1% of all my assets in BTC - I'm good and can wear a complete 100% wipe out :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 10, 2017, 07:01:49 PM
Actually, around 1.5% (I just re-calculated). But yes, I get the point that you and Mr A are making.

I really bought into BTC for a long term hold, but yeah, I might take just a little at a certain point, which would then already cover my entire outlay (effectively giving me a free hedge on the future). I will let you guys know if and when I sell anything off. (The only bit I have ever sold was a very very nominal amount, just to learn how it all worked and to ensure the sale funds really appeared in my acct etc.). I might also spread a few Santoshies around to family members for Xmas :)

PS - Here's an irony that My A might like - while not being a fan off gold, I might actually put any gains I realize if I ever sold any BTC, into gold :) Right now my gold exposure is pretty much zero (although I do have a few coins and jewelry "under my mattress so to speak", just in case of a total worst case scenario).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on December 10, 2017, 07:14:19 PM
Quote from: gib on December 10, 2017, 07:01:49 PM
Actually, around 1.5% (I just re-calculated). But yes, I get the point that you and Mr A are making.

I really bought into BTC for a long term hold, but yeah, I might take just a little at a certain point, which would then already cover my entire outlay (effectively giving me a free hedge on the future). I will let you guys know if and when I sell anything off. (The only bit I have ever sold was a very very nominal amount, just to learn how it all worked and to ensure the sale funds really appeared in my acct etc.). I might also spread a few Santoshies around to family members for Xmas :)

PS - Here's an irony that My A might like - while not being a fan off gold, I might actually put any gains I realize if I ever sold any BTC, into gold :) Right now my gold exposure is pretty much zero (although I do have a few coins and jewelry "under my mattress so to speak", just in case of a total worst case scenario).

So I’m guessing your worth around 30million?How the hell did you make so much money?All investing?Family money?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 10, 2017, 07:16:05 PM
Quote from: gib on December 10, 2017, 06:50:25 PM
I like a good debate and enjoy proving people wrong in person as much as I do online.

The fact that gold is "backed by thousands of years of history" in no way is any kind of proof that BTC is a scam. Its only inevitable that a digital currency will evolve much much faster than gold did as a store of value.

You say that BTC is "backed by nothing" - yes, its correct there is no government backing – obviously there are no underlying assets and this is literally the entire point of bitcoin! (just like gold by the way).

You say that BTC has not transparency - but actually it is 100% transparent - that the entire point of the distributed ledger and the blockchain!

The Ponzi scam involved one person benefitting by paying out a fraudulent yield from ever increasing new investors. With BTC there is no yield being paid for a start, nor is there a person perpetrating a kind of fraud who might be benefitting from the deception of others.

BTC and gold are entirely dependent on the continued adoption and belief of inherent value by others. Both have zero Government backing.

If anything, the "fraud" being committed, is by Governments who steal from people by printing paper money (effectively devaluing people's savings), and indeed the creation of BTC was a reaction to that.

So now that we have concluded that BTC cannot be considered a fraud or a Ponzi scheme, what you should be asking (and maybe what you meant all along) is whether BTC is a "bubble". And this simply cannot be answered - the reason being that BTC cannot be valued. An and for a bubble to be proven to exist, it is required for there to be a calculable inherent value in the asset alleged to be a bubble. This cannot be done for BTC (but it can be done for assets that produce yields, such as stocks or property).

Now finally, you tried to scare everyone with your claims that futures trading will lead to BTC falling in value, and to be scared of "naked shorting", as though this is some kind of mystical boogie-man coming to kill BTC. I will say it again - futures trading will massively legitimize BTC, further putting it on a similar footing to gold. We will likely see far far more money flowing into the underlying asset as a result. Futures now make it very easy for asset managers to diversify into bitcoin now and an asset like bitcoin as they can not get exposure without the need to buy and hold the underlying asset.

"Naked shorting", involves selling a futures contract without holding the underlying asset (in this case bitcoin). The risk here as a naked shortseller is that your loss is potentially unlimited. If the price of bitcoin rises you lose more and more money. So its a massively risky position to be taking on a asset who's value cannot be calculated. At least early on, I don't expect much in the way of large-scale naked shorts in the bitcoin futures market, expect for a few very speculative gambles. It would simply be too much of a risky trade to make in an asset class that has in the past haw shown high amounts of volatility and overall upward movement. So, if anything, I would expect to see substantial long positions instead.

Again, I cannot say with certainty what will happen, but I will try to explain whatever has happened as futures start trading. I would add that uncertainty always creates opportunity to make $$$.

Good luck to all, and time will tell who was right...


Oh, and $16,900 $$$ :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 10, 2017, 07:21:52 PM
16930.06 US Dollar
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 10, 2017, 07:22:27 PM
Mr. Anabolic is weirdly obsessed with trying to prove GIB wrong, as if he has some vested interest in proving bitcoin owners wrong.  ??? ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 10, 2017, 07:24:38 PM
Quote from: robcguns on December 10, 2017, 07:14:19 PM
So I’m guessing your worth around 30million?How the hell did you make so much money?All investing?Family money?

Not quite that much! - try reducing by around 1/3 and you get in range.

Started saving from as long as I can remember, literally 5 years old with a piggy bank. Started working part-time picking fruit etc from around 8 years of age, and started investing in stocks around 9 (and before someone says its not possible, yes it is - I literally walked into an office with my Mom and they opened an account for me). From there on its been hard work, always planning ahead, lessons learned, careful calculated investing, and in particular being very bold with investing in big time during times of massive corrections (both stock, property and with property benefitting with access to leverage). Also had a few a businesses along the way, always investing any gains. Happy to discuss some time on another thread - I'm conscious that these types of explanations always make things look way easier to achieve than they actually are, but happy to impart some advice. (And apart from that this is getbig and half the posts will be from people calling BS anyhow - it all becomes a little ridiculous! :) - But yeah, all self made, came from a poor family. I know lots of people who come from family money, and who are way richer than me, but I am proud for having done it alone, and I value money far more then they do as a result.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 10, 2017, 07:27:51 PM
Quote from: SF1900 on December 10, 2017, 07:22:27 PM
Mr. Anabolic is weirdly obsessed with trying to prove GIB wrong, as if he has some vested interest in proving bitcoin owners wrong.  ??? ???

Yes, it goes back to at least 2014 (his "Bitcoin denier" thing) and is a little unusual I must say. I don't take it personally - happy to keep it focused on the issue as opposed to calling names and getting personal. But again, as I have written before, I went though some of the same thoughts as Mr A did on BTC. I "worked it out" eventually. And I think he will too.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 10, 2017, 07:29:53 PM
Quote from: gib on December 10, 2017, 07:27:51 PM
Yes, it goes back to at least 2014 (his "Bitcoin denier" thing) and is a little unusual I must say. I don't take it personally - happy to keep it focused on the issue as opposed to calling names and getting personal. But again, as I have written before, I went though some of the same thoughts as Mr A did on BTC. I "worked it out" eventually. And I think he will too.

I wish you the best of luck, GIB!!  :) :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 11, 2017, 06:24:39 AM
Quote from: SF1900 on December 10, 2017, 07:29:53 PM
I wish you the best of luck, GIB!!  :) :)

Thank you! 🙏
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 11, 2017, 06:25:19 AM
https://www.bloomberg.com/news/articles/2017-12-10/bitcoin-futures-trading-opens-bringing-crypto-to-wall-streethttps://www.bloomberg.com/news/articles/2017-12-10/bitcoin-futures-trading-opens-bringing-crypto-to-wall-street (https://www.bloomberg.com/news/articles/2017-12-10/bitcoin-futures-trading-opens-bringing-crypto-to-wall-street)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on December 11, 2017, 06:44:21 AM
What's the verdict on Litecoin?

I added 2 positions at $90 and $100.

Sitting at $185 right now.

Do I hold long term or sell out if I can get a 4 or 5 bagger?

I think it's all psychology with Litecoin. Totally irrational. People can't afford a full bitcoin and Litecoin is on the larger exchanges so they dump some money into that instead.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on December 11, 2017, 06:48:21 AM
Quote from: SF1900 on December 10, 2017, 07:22:27 PM
Mr. Anabolic is weirdly obsessed with trying to prove GIB wrong, as if he has some vested interest in proving bitcoin owners wrong.  ??? ???


Gib won’t be wrong unless bitcoin crashes. Until then anabolic can say what he wants and be wrong. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 11, 2017, 02:39:24 PM
Quote from: polychronopolous on December 11, 2017, 06:44:21 AM
What's the verdict on Litecoin?

I added 2 positions at $90 and $100.

Sitting at $185 right now.

Do I hold long term or sell out if I can get a 4 or 5 bagger?

I think it's all psychology with Litecoin. Totally irrational. People can't afford a full bitcoin and Litecoin is on the larger exchanges so they dump some money into that instead.

There is a lot of common misunderstanding about which alternative to btc is “cheap” or not. The best answer I can give is if you want a cheap coin just treat 1/10th of a btc as being “a coin”. Would it make Apple stock any cheaper if it had a 10:1 stock split? Well noninally yes, but you would need to buy 10 times the number to get the same % ownership of the company.

But yes we will see money flow around various perceived next best alternatives. One of which is litecoin. Also check out Bitcoin Cash. But personally, I would just keep buying BTC (for reasons explained before).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 11, 2017, 02:40:49 PM
Quote from: gib on December 10, 2017, 06:50:25 PM
I like a good debate and enjoy proving people wrong in person as much as I do online.

The fact that gold is "backed by thousands of years of history" in no way is any kind of proof that BTC is a scam. Its only inevitable that a digital currency will evolve much much faster than gold did as a store of value.

You say that BTC is "backed by nothing" - yes, its correct there is no government backing – obviously there are no underlying assets and this is literally the entire point of bitcoin! (just like gold by the way).

You say that BTC has not transparency - but actually it is 100% transparent - that the entire point of the distributed ledger and the blockchain!

The Ponzi scam involved one person benefitting by paying out a fraudulent yield from ever increasing new investors. With BTC there is no yield being paid for a start, nor is there a person perpetrating a kind of fraud who might be benefitting from the deception of others.

BTC and gold are entirely dependent on the continued adoption and belief of inherent value by others. Both have zero Government backing.

If anything, the "fraud" being committed, is by Governments who steal from people by printing paper money (effectively devaluing people's savings), and indeed the creation of BTC was a reaction to that.

So now that we have concluded that BTC cannot be considered a fraud or a Ponzi scheme, what you should be asking (and maybe what you meant all along) is whether BTC is a "bubble". And this simply cannot be answered - the reason being that BTC cannot be valued. An and for a bubble to be proven to exist, it is required for there to be a calculable inherent value in the asset alleged to be a bubble. This cannot be done for BTC (but it can be done for assets that produce yields, such as stocks or property).

Now finally, you tried to scare everyone with your claims that futures trading will lead to BTC falling in value, and to be scared of "naked shorting", as though this is some kind of mystical boogie-man coming to kill BTC. I will say it again - futures trading will massively legitimize BTC, further putting it on a similar footing to gold. We will likely see far far more money flowing into the underlying asset as a result. Futures now make it very easy for asset managers to diversify into bitcoin now and an asset like bitcoin as they can not get exposure without the need to buy and hold the underlying asset.

"Naked shorting", involves selling a futures contract without holding the underlying asset (in this case bitcoin). The risk here as a naked shortseller is that your loss is potentially unlimited. If the price of bitcoin rises you lose more and more money. So its a massively risky position to be taking on a asset who's value cannot be calculated. At least early on, I don't expect much in the way of large-scale naked shorts in the bitcoin futures market, expect for a few very speculative gambles. It would simply be too much of a risky trade to make in an asset class that has in the past haw shown high amounts of volatility and overall upward movement. So, if anything, I would expect to see substantial long positions instead.

Again, I cannot say with certainty what will happen, but I will try to explain whatever has happened as futures start trading. I would add that uncertainty always creates opportunity to make $$$.

Good luck to all, and time will tell who was right...


Oh and $17,000.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 11, 2017, 04:12:28 PM
Day #1 of futures trading. Still early days but there was no “massive shorting”. Indeed as I had predicted longs outweighed shorts.

https://www.coindesk.com/bitcoin-price-back-17k-set-new-time-high/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 11, 2017, 04:59:17 PM
Bitcoin Futures Soar in Debut

https://wn.wsj.com/stories/b1303cb5-1d98-45ed-96bb-f1cfc418e586.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on December 11, 2017, 05:08:06 PM
So far every year in Jan bitcoin crashes. Look at the charts
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on December 11, 2017, 05:21:16 PM
Quote from: gib on December 11, 2017, 02:40:49 PM
Oh and $17,000.

wasnt it $18,000 yesterday? so today it's worth less
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 11, 2017, 05:28:21 PM
Quote from: ratherbebig on December 11, 2017, 05:21:16 PM
wasnt it $18,000 yesterday? so today it's worth less


You will find divergence on different exchanges. Yes, some have had sales over 18K. I am a very conservative investor so always gravitate towards the lowest price quotes, hence 17K is the highest I have called so far.

(Also this enables me to have more "ammo" in my responses to Mr A - you will notice every single time I post a price it is higher than the last, enabling me to demonstrate an overall nice smooth upward trend in prices). "That damn parabolic curve, I can hear Mr A muttering..."
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on December 11, 2017, 05:30:18 PM
"A week ago Bitcoin broke through $10,000 and the people looking to cash in some of their growth took money out.

The price fell for a bit as a result, then surged on again to last night's record $18,000 - when people started taking money out again and dropped the price to $15,500.

The bad news is that this collapse might be something else entirely."
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheShape. on December 11, 2017, 05:52:37 PM
Did Goodrum ever keep his?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 11, 2017, 06:01:48 PM
Quote from: TheShape. on December 11, 2017, 05:52:37 PM
Did Goodrum ever keep his?

He was ahead of his time. I think he sold a while back, but at the same time he has remained a strong advocate for the future of Bitcoin. Had he held when he was buying back in the day, he would probably be mega $$$, but no point crying over spilled milk - one can only look forwards, trying to learn lessons from the past.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on December 11, 2017, 06:17:37 PM
Quote from: ratherbebig on December 11, 2017, 05:30:18 PM
"A week ago Bitcoin broke through $10,000 and the people looking to cash in some of their growth took money out.

The price fell for a bit as a result, then surged on again to last night's record $18,000 - when people started taking money out again and dropped the price to $15,500.

The bad news is that this collapse might be something else entirely."

Such as?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on December 11, 2017, 07:25:48 PM
The stages of a bubble

Stealth Phase: A period of quiet, slow rises - after the invention, but before wider awareness. It ends as the price starts to take off

Awareness phase: More people get involved - often from banks and investment companies - as they see the potential and the price rises faster. At the end of this phase there's a sell off, that catches out pessimists. The price soon recovers

Mania phase: This is the point the media get involved and the public start buying it up. Enthusiasm for the product is followed by greed, which is followed by delusion and culminates in the proud proclamation of a "new model" that allegedly explains the growth

Blow off phase: The price drops. Not a lot, but a bit. Then recovers - although not to its previous level. The true believers say it's nothing to worry about and buy more after the drop. Then prices drop again and reality sets in. People get scared and start selling, then desperate, then they just give up as the price ends up back where it was in the "stealth" phase and fortunes are lost.

Eventually there's a recovery to around the level seen in the "awareness" phase followed by normal growth - because most of the time at the start of every bubble is a good idea

Based on Dr Jean-Paul Rodrigue of Hofstra University's anatomy of a bubble chart

And Bitcoin?

"The madness of crowds is well documented, but it is quite something to behold in the flesh,” said Neil Wilson, ETX Capital's senior market analyst.

"So far it's following the playbook for a speculative bubble to the letter.... The big question is whether we have reached the euphoric stage or are still in the boom phase."
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 11, 2017, 11:00:43 PM
The movements in bitcoin:

At the start of the year the market cap is $15.5B / End of June the market cap is $41B / End of October $95B / Right now it's $279B.

The recent run took 260B resources which is easy to get. Experts claim it's a gold competitor and if it gets 10% share then it'll hit $3T. So to get another 10x return will take $2.7T......

The is background why banks hate BTC.

A key indicator is the JPM CEO comments. Then look at their actions.

JPM is actually under threat from BTC because it competes with Gold and JPM runs the Comex. The CEO slams cryptos and says they are BS and any of his employees that trades them will be fired.....

Behind the scenes JPM form an ethereum alliance across international banks (i am talking the major banks here, not small fries). An ethereum based payment exchange platform is being created between these banks to allow fast global transfers between them. Ergo, ethereum will become money bewteen banks...... JPM won't care about Gold because they will be in bed with Eth and make zillions.

BTC - 16,600
Eth - 530

Eth market cap right now is 44B. It can easily get to 4.4T and higher when banks have their platforms up and running. So it's plausible to go 100x in a fairly short period (could be 5yrs).


FWIW i have contacts who run projects in some of the major banks. They are talking projects using ethereum so it all sounds legit.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 11, 2017, 11:47:30 PM
Quote from: Mayday on December 11, 2017, 11:00:43 PM
The movements in bitcoin:

At the start of the year the market cap is $15.5B / End of June the market cap is $41B / End of October $95B / Right now it's $279B.

The recent run took 260B resources which is easy to get. Experts claim it's a gold competitor and if it gets 10% share then it'll hit $3T. So to get another 10x return will take $2.7T......

The is background why banks hate BTC.

A key indicator is the JPM CEO comments. Then look at their actions.

JPM is actually under threat from BTC because it competes with Gold and JPM runs the Comex. The CEO slams cryptos and says they are BS and any of his employees that trades them will be fired.....

Behind the scenes JPM form an ethereum alliance across international banks (i am talking the major banks here, not small fries). An ethereum based payment exchange platform is being created between these banks to allow fast global transfers between them. Ergo, ethereum will become money bewteen banks...... JPM won't care about Gold because they will be in bed with Eth and make zillions.

BTC - 16,600
Eth - 530

Eth market cap right now is 44B. It can easily get to 4.4T and higher when banks have their platforms up and running. So it's plausible to go 100x in a fairly short period (could be 5yrs).


FWIW i have contacts who run projects in some of the major banks. They are talking projects using ethereum so it all sounds legit.



At the moment I have more interest in Ethereum.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 12, 2017, 12:40:30 AM
Quote from: Griffith on December 11, 2017, 11:47:30 PM
At the moment I have more interest in Ethereum.

One thought - what should be most relevant, is not what you have more interest in, but rather what others (who are likely to invest) are likely to have most interest in. Because this is where the money will go, and where money goes there are profits to be made. And if you think that part through, then for a range of reasons you have to conclude its BTC.

ETH (and others) have some pretty cool features and uses and technologies, but from an investor's perspective, we have to separate our interest in a new technology with the reality of making money.

Having said that, I do hold a tiny bit of ETH and I think it may well do well over the next few years.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: QuietYou on December 12, 2017, 12:43:12 AM
Quote from: gib on December 12, 2017, 12:40:30 AM
One thought - what should be most relevant, is not what you have more interest in, but rather what others (who are likely to invest) are likely to have most interest in. Because this is where the money will go, and where money goes there are profits to be made. And if you think that part through, then for a range of reasons you have to conclude its BTC.

ETH (and others) have some pretty cool features and uses and technologies, but from an investor's perspective, we have to separate our interest in a new technology with the reality of making money.

Having said that, I do hold a tiny bit of ETH and I think it may well do well over the next few years.

What do u think about ripple? It's like 25 cents right now
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 12, 2017, 12:54:15 AM
Quote from: QuietYou on December 12, 2017, 12:43:12 AM
What do u think about ripple? It's like 25 cents right now

I think for most of the top alts, ripple, iota, litecoin, BTC cash, neo etc, that there is probably no harm in holding each of those that comes in the "top 10" of size.

I think the price is largely irrelevant, again for reasons explained earlier, that for most crypto currencies, they are impossible to value. A price of "25 cents" could be made $2500 if 1/1000th of the number of coins exited. Similarly the price could be "12 cents" if double the number of coins were issued. Bitcoins, if you look at them in terms of a Santoshi (eg 0.00000001 of a coin) are extremely cheap.

So overall, I would say don't be confused and distracted by what appears to be a "cheap price".

Do I think ripple will go up? Yes, I think a rising tide will float all ships (however that phrase goes) so yes ripple should do fine, but overall I would be largely weighted into BTC (even though it may seem "expensive").
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: QuietYou on December 12, 2017, 01:15:55 AM
Quote from: gib on December 12, 2017, 12:54:15 AM
I think for most of the top alts, ripple, iota, litecoin, BTC cash, neo etc, that there is probably no harm in holding each of those that comes in the "top 10" of size.

I think the price is largely irrelevant, again for reasons explained earlier, that for most crypto currencies, they are impossible to value. A price of "25 cents" could be made $2500 if 1/1000th of the number of coins exited. Similarly the price could be "12 cents" if double the number of coins were issued. Bitcoins, if you look at them in terms of a Santoshi (eg 0.00000001 of a coin) are extremely cheap.

So overall, I would say don't be confused and distracted by what appears to be a "cheap price".

Do I think ripple will go up? Yes, I think a rising tide will float all ships (however that phrase goes) so yes ripple should do fine, but overall I would be largely weighted into BTC (even though it may seem "expensive").

Do you use practicality in the crypto currency as a focal point when choosing what to invest in? Or is it completely irrelevant..And you only go for trends and who is partnering, who's backing them etc?

So essentially, IOTA and Ripple will inevitably make more money, even if it's not as much a BTC, so your cash out solely depends on how much money you're able to put in? With markets rising etc, there is really no big risk essentially?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 12, 2017, 01:28:33 AM
Quote from: QuietYou on December 12, 2017, 01:15:55 AM
Do you use practicality in the crypto currency as a focal point when choosing what to invest in? Or is it completely irrelevant..And you only go for trends and who is partnering, who's backing them etc?

So essentially, IOTA and Ripple will inevitably make more money, even if it's not as much a BTC, so your cash out solely depends on how much money you're able to put in? With markets rising etc, there is really no big risk essentially?

I look much more at the overall ecosystem being developed including who is backing and partnering. And I’ve come to the conclusion that overall, for bitcoin, many more funds will flow in.

I’m not so sure that the smaller alts will outperform BTC. It’s possible they will but I see similarities with people who buy penny stocks on the belief that they are much more likely to double than a blue chip. It sounds appealing (and sometimes comes true) but if only it was that easy ...

Again, I’m rather conservative. My rule #1 is “don’t lose money”. So for me it’s the blue chip of crypto that I’m betting on. Again not to say that others might not rise a lot - just not for me. But good luck to anyone who gives it a shot!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on December 12, 2017, 02:53:41 AM
Quote from: ratherbebig on December 11, 2017, 07:25:48 PM
The stages of a bubble

Stealth Phase: A period of quiet, slow rises - after the invention, but before wider awareness. It ends as the price starts to take off

Awareness phase: More people get involved - often from banks and investment companies - as they see the potential and the price rises faster. At the end of this phase there's a sell off, that catches out pessimists. The price soon recovers

Mania phase: This is the point the media get involved and the public start buying it up. Enthusiasm for the product is followed by greed, which is followed by delusion and culminates in the proud proclamation of a "new model" that allegedly explains the growth

Blow off phase: The price drops. Not a lot, but a bit. Then recovers - although not to its previous level. The true believers say it's nothing to worry about and buy more after the drop. Then prices drop again and reality sets in. People get scared and start selling, then desperate, then they just give up as the price ends up back where it was in the "stealth" phase and fortunes are lost.

Eventually there's a recovery to around the level seen in the "awareness" phase followed by normal growth - because most of the time at the start of every bubble is a good idea

Based on Dr Jean-Paul Rodrigue of Hofstra University's anatomy of a bubble chart

And Bitcoin?

"The madness of crowds is well documented, but it is quite something to behold in the flesh,” said Neil Wilson, ETX Capital's senior market analyst.

"So far it's following the playbook for a speculative bubble to the letter.... The big question is whether we have reached the euphoric stage or are still in the boom phase."

The delusion in this thread fits perfectly into the mania phase.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 12, 2017, 03:04:05 AM
Quote from: jr on December 12, 2017, 12:04:37 AM
I think the banks will be using private ethereum blockchains, like a fork of ethereum that only banks have access to. So it might not effect the public ethereum network.

private network setup as its for bank to bank transfers.

if there is trillions to be made they will make it open to the public at some point.

and that is the bet i am making right now that in the coming years it will merge with the public ethereum network.

it will be just like the USD but digital. everybody trades usd around the world because its fucking easy. Shortly they will trade ethereum so imagine how much demand there will be for eth 'if' that scenario happens.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 12, 2017, 03:31:26 AM
Quote from: Mayday on December 12, 2017, 03:04:05 AM
private network setup as its for bank to bank transfers.

if there is trillions to be made they will make it open to the public at some point.

and that is the bet i am making right now that in the coming years it will merge with the public ethereum network.

it will be just like the USD but digital. everybody trades usd around the world because its fucking easy. Shortly they will trade ethereum so imagine how much demand there will be for eth 'if' that scenario happens.

If the major banks will be using Ethereum, where would that leave Bitcoin?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: luckyone on December 12, 2017, 03:58:37 AM
In the "Long Run" will it only be one out of the two (Bitcoin vs Ethereum) to survive and the other to fade away OR is it possible/ likely? for both to be successful viable cryto currencies?

your brother in Christ,

Lucky
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 12, 2017, 05:15:41 AM
Quote from: luckyone on December 12, 2017, 03:58:37 AM
In the "Long Run" will it only be one out of the two (Bitcoin vs Ethereum) to survive and the other to fade away OR is it possible/ likely? for both to be successful viable cryto currencies?

your brother in Christ,

Lucky

Both. Bitcoin for its function as a store of value. (The modern day equivalent of gold). And eth for its smart contract functionality.

And possibly a new coin or a derivative of bitcoin (such as bitcoin cash) for day to day small size high volume transactions.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Soul Crusher on December 12, 2017, 05:22:14 AM
Quote from: gib on December 12, 2017, 05:15:41 AM
Both. Bitcoin for its function as a store of value. (The modern day equivalent of gold). And eth for its smart contract functionality.

And possibly a new coin or a derivative of bitcoin (such as bitcoin cash) for day to day small size high volume transactions.

If there is a natural disaster , the electric goes out, grid goes down, EMP , etc - what good is bitcoin vs gold or silver, ammo, etc?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 12, 2017, 05:38:11 AM
Quote from: Soul Crusher on December 12, 2017, 05:22:14 AM
If there is a natural disaster , the electric goes out, grid goes down, EMP , etc - what good is bitcoin vs gold or silver, ammo, etc?

First of all, remember that btc will not disappear in the event of such an event. It just will be that you cannot access them until power and internet is restored. The same would apply to any money in any bank and to any publicly traded stock. So it would need to be an absolutely cataclysmic event for this to occur. To give you some perspective, the US could blow the fuck of North Korea and absolutely obliterate it, but as a Korean, if you had your money in bitcoin, that would survive and you could access that anywhere in the world as a refugee, escapee, survivor etc. Even in Korea if you wanted to bribe officials, United Nations people, American soldiers, all you would need is a phone they could lend you and your passwords and you could anonymously transfer funds to them instantly.

Many US based survivalists are big bitcoin believers. Having said all that, gold also has it’s place for end of the world type scenarios.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on December 12, 2017, 06:13:26 AM
Litecoin - $410
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 12, 2017, 08:37:13 AM
The Twinkletoe twins are making the rounds on MSM financial shows now. Pumping bitcoin of course. They are saying bitcoin is gold 2.0 and that gold has been in a bubble for 3000 years.  They also said they haven't sold, and have no plans to sell their bitcoins.  Sure.
 
This is exactly what the dot.com kids did during the tech bubble and real estate moguls/builders did during the housing bubble... they made sure they were on every financial tv program, pumping like mad, then a few months afterward, the bottom fell out.  CNBC had that tan man from Countrywide on everyday pumping his company, all the while he was dumping his company stock.  I can't remember his name, but I know he never went to jail. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 12, 2017, 08:46:54 AM
I just bought more gold and silver today. 

Dirt cheap, especially silver.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 12, 2017, 09:24:43 AM
Quote from: Mr Anabolic on December 12, 2017, 08:37:13 AM
The Twinkletoe twins are making the rounds on MSM financial shows now. Pumping bitcoin of course. They are saying bitcoin is gold 2.0 and that gold has been in a bubble for 3000 years.  They also said they haven't sold, and have no plans to sell their bitcoins.  Sure.
 
This is exactly what the dot.com kids did during the tech bubble and real estate moguls/builders did during the housing bubble... they made sure they were on every financial tv program, pumping like mad, then a few months afterward, the bottom fell out.  CNBC had that tan man from Countrywide on everyday pumping his company, all the while he was dumping his company stock.  I can't remember his name, but I know he never went to jail.  

According to Bloomberg, 1000 people own 40 % of Bitcoin.

Some people are even mortgaging their homes to buy Bitcoins.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on December 12, 2017, 09:39:55 AM
Quote from: Mr Anabolic on December 12, 2017, 08:37:13 AM
The Twinkletoe twins are making the rounds on MSM financial shows now. Pumping bitcoin of course. They are saying bitcoin is gold 2.0 and that gold has been in a bubble for 3000 years.  They also said they haven't sold, and have no plans to sell their bitcoins.  Sure.
 
This is exactly what the dot.com kids did during the tech bubble and real estate moguls/builders did during the housing bubble... they made sure they were on every financial tv program, pumping like mad, then a few months afterward, the bottom fell out.  CNBC had that tan man from Countrywide on everyday pumping his company, all the while he was dumping his company stock.  I can't remember his name, but I know he never went to jail. 


They are skimming big $$$ from their own exchange(Gemini) so they don't need to sell. The exchanges are the weakness. People will be begging for regulation on them as they continue to be clunky and cost people money on trades mark my words.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on December 12, 2017, 10:39:25 AM
well you cant lose on bitcoins

you just cant

its the future

no matter how much you put in you gonna make at least x1000 more, probably more likely x10000

in fact, in the future everyone will be a multimillionaire.

last i heard companies, thousands of them have started to pay their workers in bitcoins.

bitcoins just goes up and up, there is no roof, no ceiling, not now, not ever.

i've talked to a lot of people in finance, they all say the same thing - wanna know the inside on bitcoins? go to bodybuilding msg boards. and so i did. and here i am.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on December 12, 2017, 12:30:48 PM
pump and dump , this is eventually all going to explode horribly
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 12, 2017, 01:05:54 PM
Quote from: SOMEPARTS on December 12, 2017, 09:39:55 AM

They are skimming big $$$ from their own exchange(Gemini) so they don't need to sell. The exchanges are the weakness. People will be begging for regulation on them as they continue to be clunky and cost people money on trades mark my words.

Dude, you don't have to try and convince me there is something rotten in Denmark.  No offense to the Danish.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 12, 2017, 01:07:16 PM
Quote from: ratherbebig on December 12, 2017, 10:39:25 AM
well you cant lose on bitcoins

you just cant

its the future

no matter how much you put in you gonna make at least x1000 more, probably more likely x10000

in fact, in the future everyone will be a multimillionaire.

last i heard companies, thousands of them have started to pay their workers in bitcoins.

bitcoins just goes up and up, there is no roof, no ceiling, not now, not ever.

i've talked to a lot of people in finance, they all say the same thing - wanna know the inside on bitcoins? go to bodybuilding msg boards. and so i did. and here i am.

Cool.  Good luck man.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dan-O on December 12, 2017, 01:14:36 PM
Bitcoin has just overtaken "Tulip Mania" (circa 1637) as the biggest economic bubble of all time.  Big ger than the Great Depression real estate bubble.  Way bigger than the dot-com bubble.  Where it all ends, nobody knows.

https://www.dailywire.com/news/24589/bitcoin-makes-history-biggest-bubble-ever-james-barrett?utm_source=facebook&utm_medium=social&utm_content=062316-news&utm_campaign=benshapiro (https://www.dailywire.com/news/24589/bitcoin-makes-history-biggest-bubble-ever-james-barrett?utm_source=facebook&utm_medium=social&utm_content=062316-news&utm_campaign=benshapiro)

(http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/11/30/bitcoin%20bubble%20biggest%20ever.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 12, 2017, 01:17:25 PM
Quote from: DooM_ on December 12, 2017, 12:30:48 PM
pump and dump , this is eventually all going to explode horribly

It's going to create a shit storm.  People will be filing law suits against crypto exchanges.  Some will commit suicide.  Can you imagine selling your house so you can buy more bitcoins?  That is exactly what people were doing towards the end of tulip mania in 1637.  Totally absurd.  This is the biggest Ponzi bubble mania in history.  

For Christ's sake, you guys that made decent profits... get out NOW while you still can.  When everyone is running for the exit at the same time, you will not be able to sell.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 12, 2017, 01:19:30 PM
GIB is going to turn into a billionaire!

Watch and see!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 12, 2017, 01:25:35 PM
Quote from: SF1900 on December 12, 2017, 01:19:30 PM
GIB is going to turn into a billionaire!

Watch and see!

He claimed in past posts here he makes $500K per year and has more than $6 million in assets.  No way to verify that, but if it is true, I can respect that, no matter how much we banter back and forth.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 12, 2017, 01:27:54 PM
Quote from: Mr Anabolic on December 12, 2017, 01:25:35 PM
He claimed in past posts here he makes $500K per year and has more than $6 million in assets.  No way to verify that, but if it is true, I can respect that, no matter how much we banter back and forth.

GIB is likely a full time neurosurgeon, astrophysicist, and part time biomedical engineer.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 12, 2017, 01:36:38 PM
Quote from: Dan-O on December 12, 2017, 01:14:36 PM
Bitcoin has just overtaken "Tulip Mania" (circa 1637) as the biggest economic bubble of all time.  Big ger than the Great Depression real estate bubble.  Way bigger than the dot-com bubble.  Where it all ends, nobody knows.

https://www.dailywire.com/news/24589/bitcoin-makes-history-biggest-bubble-ever-james-barrett?utm_source=facebook&utm_medium=social&utm_content=062316-news&utm_campaign=benshapiro (https://www.dailywire.com/news/24589/bitcoin-makes-history-biggest-bubble-ever-james-barrett?utm_source=facebook&utm_medium=social&utm_content=062316-news&utm_campaign=benshapiro)

(http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/11/30/bitcoin%20bubble%20biggest%20ever.jpg)

The price of 1 bitcoin could get a lot more insane though.  At the height of tulip mania, one single tulip bulb cost more than an average persons yearly wage.  With that in mind, bitcoin still has another $20-30K to go before they reach that level.  Crazy I know, but maniacal asset bubbles can go on for a very long time before they pop.  

At least a tulip bulb turns into a pretty flower that smells nice.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on December 12, 2017, 01:42:26 PM
gib might have a lot of money but how big are his quads?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 12, 2017, 02:33:33 PM
Quote from: Mr Anabolic on December 12, 2017, 08:46:54 AM
I just bought more gold and silver today. 

Dirt cheap, especially silver.

Cheap huh? How can you value something that produces no yield?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 12, 2017, 02:36:28 PM
Quote from: SOMEPARTS on December 12, 2017, 09:39:55 AM

They are skimming big $$$ from their own exchange(Gemini) so they don't need to sell. The exchanges are the weakness. People will be begging for regulation on them as they continue to be clunky and cost people money on trades mark my words.

Gemini is regulated I believe. So any “skimming” would via a disclosed commission (just like when you trade stocks).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 12, 2017, 02:37:35 PM
Quote from: ratherbebig on December 12, 2017, 01:42:26 PM
gib might have a lot of money but how big are his quads?

Not very big these days :(
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 12, 2017, 02:41:06 PM
Quote from: Mr Anabolic on December 12, 2017, 01:25:35 PM
He claimed in past posts here he makes $500K per year and has more than $6 million in assets.  No way to verify that, but if it is true, I can respect that, no matter how much we banter back and forth.

Thank you! We could actually verify my claims if we had a trusted mod or Ron do a video call with me and watch me live as I log on to various accounts and show balances. Would be a little wierd though!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 12, 2017, 02:43:07 PM
Quote from: Mr Anabolic on December 12, 2017, 01:36:38 PM
The price of 1 bitcoin could get a lot more insane though.  At the height of tulip mania, one single tulip bulb cost more than an average persons yearly wage.  With that in mind, bitcoin still has another $20-30K to go before they reach that level.  Crazy I know, but maniacal asset bubbles can go on for a very long time before they pop.  

At least a tulip bulb turns into a pretty flower that smells nice.


Good to see Mr A ratcheting up his prediction of when the price might peak. That’s the spirit! I think 40k by end of 2018 is likely.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 12, 2017, 02:43:46 PM
$17,100
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on December 12, 2017, 03:26:39 PM
could be 40k by the end of 2018
could be 4k by the end of 2018
could be $4 by the end of 2018
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 12, 2017, 03:40:26 PM
Quote from: ratherbebig on December 12, 2017, 03:26:39 PM
could be 40k by the end of 2018
could be 4k by the end of 2018
could be $4 by the end of 2018

Yep. As I have said before (like gold) it cannot be valued. The only real gauge in terms of prediction is what amount of funds you believe will flow into (or out of) BTC over a specific time period. If I had to guess I would think more will flow into BTC in 2018 - potentially a lot more.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on December 12, 2017, 03:55:22 PM
Quote from: gib on December 12, 2017, 03:40:26 PM
Yep. As I have said before (like gold) it cannot be valued. The only real gauge in terms of prediction is what amount of funds you believe will flow into (or out of) BTC over a specific time period. If I had to guess I would think more will flow into BTC in 2018 - potentially a lot more.

Not true. Gold has history behind it and it’s value.  Bitcoin can vanish quickly. North Korea is currently hacking every exchange out there and have already stolen billions.  Make sure you duplicate your wallet on something like a private AWS S3 bucket. Then duplicate that in different regions.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 12, 2017, 04:00:06 PM
Quote from: Griffith on December 12, 2017, 03:31:26 AM
If the major banks will be using Ethereum, where would that leave Bitcoin?

To preface the below, I think the immediate risk to bitcoin right now is money flooded in during October and November which tripled it’s value. That is a 2 month trend which people are now using to work it into trillions…… it’s possible of course but it’s similar to scoring the first 2 points in a basketball game then claiming you will score another 100 in that game.


Right now, I do believe bitcoin is a competitor to gold. On that basis I can now accept an argument that any crypto is a competitor to any commodity exchange because they all share a likeness which is they are essentially nothing.

If you have traded commodities and contracts you most likely traded things that don’t exist. Therefore just like trading metals, shares, wheat, corn, you can trade cryptos.


I think what we are seeing now is the sparks trying to create a new Dow Jones market but on a global scale. The Crypto market filled with hundreds and thousands of cryptos constantly being traded just like shares.  Why not? If I buy shares today it’s not because I want a dividend or because I want to buy the company, it’s because I am speculating I will sell it for more money.

Today if we say there is $300B in crypto currency and then $3T comes in (which is very low in terms of resources) then it most likely would be a tidal wave lifting everything already in play.


For anything of note to happen we need the major banks to be on board because they control everything. This is why the Ethereum alliance is a milestone moment. This is why Eth is tipped to outstrip bitcoin by the end of next year.  So either bitcoin loses and it goes to Eth or bitcoin holds/grows and MORE capital flows in to float up ETH. If that event happens then I’d say that is a sign we will have a new global market in cryptos that will rival commodities and shares.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 12, 2017, 04:01:59 PM
Quote from: El Diablo Blanco on December 12, 2017, 03:55:22 PM
Not true. Gold has history behind it and it’s value.  Bitcoin can vanish quickly. North Korea is currently hacking every exchange out there and have already stolen billions.  Make sure you duplicate your wallet on something like a private AWS S3 bucket. Then duplicate that in different regions.

Both gold and bitcoin have “history behind it”. Gold’s history is longer.  That does not mean though that gold can be valued. Let me ask you, how do you value gold? What makes it “cheap” or “expensive”?

Yes exchanges are vulnerable to be hacked. Cold Storage is the way to go.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 12, 2017, 04:03:18 PM
Quote from: El Diablo Blanco on December 12, 2017, 03:55:22 PM
Not true. Gold has history behind it and it’s value.

Nobody cares.

I played the silver market when it had it's run and made great money from it. At the time i was a believer in the history of it, the money it was, the currency it was...... then i saw how manipulated and fucked up it was and that the rules changed so it no longer physically existed.

Nobody cares about the history of gold/silver and i won't be surprised to see it get demolished in favour of a global crypto market.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 12, 2017, 04:43:46 PM
Quote from: Mayday on December 12, 2017, 04:03:18 PM
Nobody cares.

I played the silver market when it had it's run and made great money from it. At the time i was a believer in the history of it, the money it was, the currency it was...... then i saw how manipulated and fucked up it was and that the rules changed so it no longer physically existed.

Nobody cares about the history of gold/silver and i won't be surprised to see it get demolished in favour of a global crypto market.

I initially thought bitcoin would cannibalize gold and start to slowly take over the role gold historically had. It’s still possible. But what I think is actually more likely is that some of the drivers and dynamics behind BTC may actually result in a resurgence of interest in gold. So overall, I actually think that gold has upside potential over the next few years...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 12, 2017, 04:45:41 PM
Quote from: gib on December 12, 2017, 02:33:33 PM
Cheap huh? How can you value something that produces no yield?

No yield/dividends, but as I have said here MANY times (but you don't want to acknowledge) that gold and silver are a storage of wealth, labor and value.  I already hold stocks and bonds that pay dividends.  

Yes, gold and silver (especially) are VERY undervalued.  These metals are the very best conductors of electricity.  They are essential for the technology in that thing you're typing on and talking into.  Bitcoins would not exist with gold and silver, yet you bash them all the time.  Pretty funny.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 12, 2017, 05:33:23 PM
Quote from: Mr Anabolic on December 12, 2017, 04:45:41 PM
No yield/dividends, but as I have said here MANY times (but you don't want to acknowledge) that gold and silver are a storage of wealth, labor and value.  I already hold stocks and bonds that pay dividends.  

Yes, gold and silver (especially) are VERY undervalued.  These metals are the very best conductors of electricity.  They are essential for the technology in that thing you're typing on and talking into.  Bitcoins would not exist with gold and silver, yet you bash them all the time.  Pretty funny.

I do acknowledge gold and silver are used as stores of value. In my view though, that does not in itself mean they have any caculatable value above and beyond any legitimate reason industrial applications.

Don’t get me wrong. I love the feeling of holding gold. I’ve just always been uncomfortable investing in an unproductive asset which I cannot calculate any inherent value for. (Which was and is also my biggest discomfort with bitcoin).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 12, 2017, 05:41:11 PM
Here’s a question for you guys. If you had to guess, what would have the biggest % gains over the next 12 months?

Gold
Silver
Bitcoin

(My ranking would be BTC, gold, silver)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 12, 2017, 05:53:22 PM
Quote from: Mr Anabolic on December 12, 2017, 04:45:41 PM
Yes, gold and silver (especially) are VERY undervalued.  These metals are the very best conductors of electricity.  They are essential for the technology in that thing you're typing on and talking into.

The term undervalued is a speculative term.

Speculative virtual consumption cannot be used as supportive argument for real world consumption.

The reason why prices crash in gold and silver is because the money in there for speculation pulls out and all that is left is the real world consumption rate which is the true price of supply/demand for real world use.   The speculative demand on metals exceeds the real world requirement.


Silver did it's dash 6yrs ago.

Back then the scarcity argument was actually real when they sent the Comex into meltdown by means of asking for physical delivery of silver which they didn't have and almost collapsed it. JPM fixed the game to prevent a proper real world collapse on the silver market. The result was silver went straight back to where it was and it hasn't done anything since.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 12, 2017, 05:57:41 PM
Quote from: gib on December 12, 2017, 05:41:11 PM
Here’s a question for you guys. If you had to guess, what would have the biggest % gains over the next 12 months?

Gold
Silver
Bitcoin

(My ranking would be BTC, gold, silver)

ETH will dwarf BTC in terms of %.

The others are pointless in terms of %. If anything they are at risk of going backwards.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on December 12, 2017, 06:08:56 PM
Quote from: gib on December 12, 2017, 01:28:33 AM
[...]It’s possible they will but I see similarities with people who buy penny stocks on the belief that they are much more likely to double than a blue chip. It sounds appealing (and sometimes comes true) but if only it was that easy[...]

I can honestly attest to this big time. My first two investments in WS were SID and SAN, which were almost penny stocks at one point and were 85% off of the maximum. That was 6 years ago. Two months ago, after many headaches/lost all patience, and breaking my own promise that I would never let these two go until I got my money back, I sold out of these two shits. Since then I have diversifies a lot and invest only in expensive stock. BABA was my best investment so far, rode that shit from $67 to $167. Only time in my frigging life I rode a wave from start to finish.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on December 12, 2017, 06:10:59 PM
Quote from: ratherbebig on December 12, 2017, 10:39:25 AM
i've talked to a lot of people in finance, they all say the same thing - wanna know the inside on bitcoins? go to bodybuilding msg boards. and so i did. and here i am.

You heard wrong. What they said was "wanna know the inside of bodybuilders? Pay them in bitcoins".
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on December 12, 2017, 06:32:40 PM
Bitcoin is the "new" Nasdaq 1998-2000 insanity..


What happened to the Nasdaq in 2000?..


Exactly
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 12, 2017, 06:56:35 PM
Quote from: TheGrinch on December 12, 2017, 06:32:40 PM
Bitcoin is the "new" Nasdaq 1998-2000 insanity..


What happened to the Nasdaq in 2000?..


Exactly

Yes quite likely. However with stock it was obvious (and became obvious) that there would be a correction as the yield (actual and anticipated) did not match the valuations. With BTC, whilst there are similarities with Nasdaq boom, the issue of “overvaluation” does not arise- reason being that btc can’t be valued.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on December 12, 2017, 07:24:26 PM
Gig, any advice on an exchange that does not ask for any ID? I currently have my account with Coinbase, and I know they're itching to start sending those 1099s to the IRS.

Is there a foreign exchange that would help avoid any tax implications on capital gains (wife has foreign passport)?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: chaos on December 12, 2017, 08:12:51 PM
Too late to kick in 5k ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on December 12, 2017, 09:58:17 PM
Quote from: Slapper on December 12, 2017, 07:24:26 PM
Gig, any advice on an exchange that does not ask for any ID? I currently have my account with Coinbase, and I know they're itching to start sending those 1099s to the IRS.

Is there a foreign exchange that would help avoid any tax implications on capital gains (wife has foreign passport)?


You can buy in person from the localbitcoins site. That would keep you out of the exchanges. If you want to just buy some and hold buy local and put on a Bread wallet or hardware wallet.

These people saying this stuff is decentralized, anonymous, going to save the world from the banks or whatever. Uh..well the blockchain as it is right now is literally a ledger of all activity. If you make money off of it on an exchange you will be paying one way or another so don't be stupid.

If you live in the USA and hold over 20k in foreign currency(which crypto is classified as...) you have to file a form with the IRS. That's not the type of declaration you want to explain later on. You obviously have to pay capital gains as well if you are a trader. If you have a way to buy/hold overseas then like Gib you may have a workaround on that but I would be SURE before I put a lot of money in.

The IRS hates cash and so do banks. You can't even get 5k out at the bank without telling them what you do with it. You think that they hate crypto? No way. Early adopters may become rich but it's a dream system for them to tax, fee and regulate honestly. Coinbase/GDAX might as well be a bank at this point...poor customer service, delayed trades and high fees...even scalping their own customers with inflated pricing compared to other exchanges. What is different from a bank or the stock market again?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 12, 2017, 11:21:26 PM
Quote from: Slapper on December 12, 2017, 07:24:26 PM
Gig, any advice on an exchange that does not ask for any ID? I currently have my account with Coinbase, and I know they're itching to start sending those 1099s to the IRS.

Is there a foreign exchange that would help avoid any tax implications on capital gains (wife has foreign passport)?

Using a foreign or unregulated exchange might help you avoid being asked to pay taxes, but your potential legal liability as a US resident would likely remain the same.

Many people are now going p2p for larger transactions (eg you literally meet up and exchange cash for coins), which avoids any record that can be traced (but doesn’t actually change your legal liability for the capital gain).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 12, 2017, 11:22:52 PM
Quote from: chaos on December 12, 2017, 08:12:51 PM
Too late to kick in 5k ???

I don’t think so. I think everyone should have some bitcoin exposure. I’d stick the 5k in and then put away into cold storage.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 12, 2017, 11:26:16 PM
Quote from: SOMEPARTS on December 12, 2017, 09:58:17 PM

You can buy in person from the localbitcoins site. That would keep you out of the exchanges. If you want to just buy some and hold buy local and put on a Bread wallet or hardware wallet.

These people saying this stuff is decentralized, anonymous, going to save the world from the banks or whatever. Uh..well the blockchain as it is right now is literally a ledger of all activity. If you make money off of it on an exchange you will be paying one way or another so don't be stupid.

If you live in the USA and hold over 20k in foreign currency(which crypto is classified as...) you have to file a form with the IRS. That's not the type of declaration you want to explain later on. You obviously have to pay capital gains as well if you are a trader. If you have a way to buy/hold overseas then like Gib you may have a workaround on that but I would be SURE before I put a lot of money in.

The IRS hates cash and so do banks. You can't even get 5k out at the bank without telling them what you do with it. You think that they hate crypto? No way. Early adopters may become rich but it's a dream system for them to tax, fee and regulate honestly. Coinbase/GDAX might as well be a bank at this point...poor customer service, delayed trades and high fees...even scalping their own customers with inflated pricing compared to other exchanges. What is different from a bank or the stock market again?



Yes agree with all of this. As for my “solution” I’m not a US resident or citizen. I don’t pay taxes. But I sympathise with those who do. It sux! (Especially when you see how that taxed money is being spent/wasted).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Marty Champions on December 13, 2017, 12:31:10 AM
Quote from: SOMEPARTS on December 12, 2017, 09:58:17 PM

You can buy in person from the localbitcoins site. That would keep you out of the exchanges. If you want to just buy some and hold buy local and put on a Bread wallet or hardware wallet.

These people saying this stuff is decentralized, anonymous, going to save the world from the banks or whatever. Uh..well the blockchain as it is right now is literally a ledger of all activity. If you make money off of it on an exchange you will be paying one way or another so don't be stupid.

If you live in the USA and hold over 20k in foreign currency(which crypto is classified as...) you have to file a form with the IRS. That's not the type of declaration you want to explain later on. You obviously have to pay capital gains as well if you are a trader. If you have a way to buy/hold overseas then like Gib you may have a workaround on that but I would be SURE before I put a lot of money in.

The IRS hates cash and so do banks. You can't even get 5k out at the bank without telling them what you do with it. You think that they hate crypto? No way. Early adopters may become rich but it's a dream system for them to tax, fee and regulate honestly. Coinbase/GDAX might as well be a bank at this point...poor customer service, delayed trades and high fees...even scalping their own customers with inflated pricing compared to other exchanges. What is different from a bank or the stock market again?


this post is key
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on December 13, 2017, 11:56:24 AM
Quote from: gib on December 12, 2017, 11:21:26 PM
Using a foreign or unregulated exchange might help you avoid being asked to pay taxes, but your potential legal liability as a US resident would likely remain the same.

Many people are now going p2p for larger transactions (eg you literally meet up and exchange cash for coins), which avoids any record that can be traced (but doesn’t actually change your legal liability for the capital gain).

How many people are going to get scammed this way?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Soul Crusher on December 13, 2017, 12:00:19 PM
BITCOIN
Massachusetts regulator lists 7 dangers with bitcoin, calls it potentially ‘worthless’
Massachusetts' securities regulator warns investors from putting money into cryptocurrencies such as bitcoin, saying they could just be another "worthless product."
"The unregulated and ambiguous nature of Bitcoin provides a fertile ground for investment scams," William Galvin warns.
The full list of warnings is below.
Thomas Franck   | @tomwfranck
Published 2 Hours Ago  Updated 51 Mins Ago
CNBC.com
Bitcoin
Anatoliy Zhdanov | Kommersant | Getty Images

Massachusetts' top securities regulator warned about bitcoin Wednesday, listing seven reasons the volatile cryptocurrency could be just another "worthless product."

William Galvin, secretary of the commonwealth, warned investors not to be blinded by the recent Cboe bitcoin futures launch and said people should be aware of "inherent risks" of investing in bitcoin.

"Bitcoin is just the latest in a history of speculative bubbles that most often burst, leaving the average investors with a worthless product," Galvin said. "Going back to the 1600s with tulip mania to the present Bitcoin craze, chasing the next best thing will, more often than not, end in disaster for the average investor."

 Jason Calacanis: Bitcoin is a bubble, just not sure how close it is to popping   Jason Calacanis: Bitcoin is a bubble, just not sure how close it is to popping 
2 Hours Ago | 02:15

The statement said that because trading on the Cboe gives bitcoin an air of legitimacy, investors must be aware of the inherent risks of investing in bitcoin and the fraudulent schemes associated with it.

Cboe bitcoin futures fell 2.7 percent Wednesday to trade at $17,530.

Galvin's comment comes just days after U.S. Securities and Exchange Commission Chairman Jay Clayton warned investors against putting money into cryptocurrencies.

Here is the full Galvin statement:

Secretary of the Commonwealth William F. Galvin today warned investors not to get caught up in Bitcoin speculation.

"Bitcoin is just the latest in a history of speculative bubbles that most often burst, leaving the average investors with a worthless product," Secretary Galvin said. "Going back to the 1600s with tulip mania to the present Bitcoin craze, chasing the next best thing will, more often than not, end in disaster for the average investor."

Bitcoin futures began trading on the Chicago Board Options Exchange (CBOE) on December 10, 2017. Bitcoin has also been the target of major hacks at the exchange and wallet levels, leaving many Bitcoin holders with huge losses. Because trading on the CBOE gives Bitcoin an air of legitimacy, investors must be aware of the inherent risks of investing in Bitcoin and the fraudulent schemes associated with it, Galvin's office warned.

Bitcoin continues to attract intense media attention as the price of Bitcoin dips and soars. Conflicting information about Bitcoin abounds, with some calling it a "craze" or a "bubble" and others touting it as an amazing investment.

Before purchasing in Bitcoin, Secretary Galvin's office suggests investors consider the following:

1. Bitcoin and other virtual currencies are not regular money, as they are not backed by the United States or any other government or central bank.

2. Carefully investigate the seller before making a purchase of Bitcoin. You may want to consider what recourse you would have, in case something goes wrong. Compare the fees and costs associated with Bitcoin purchases and ask about the terms for redeeming Bitcoin into regular money.

3. Virtual wallets used to store Bitcoin do not provide the same safeguards as deposits made at a traditional banking institution. Unrecoverable losses can occur when Bitcoin is stolen from these virtual wallets.

4. Bitcoin values fluctuate enormously and can do so in a very short period of time. Be prepared for radical value changes in your Bitcoin investment, including single day drops or increases in the thousands of dollars.

5. Bitcoin investing is generally considered to be speculation, since the value is not related to any economic or financial parameters. Never speculate with money that you cannot afford to lose.

6. Bitcoin and other virtual currencies are based on a public ledger called the "Blockchain," which is still experimental and is subject to changes, errors, or criminal activity which could adversely affect your virtual wallet or erase your Bitcoin value.

7. The unregulated and ambiguous nature of Bitcoin provides a fertile ground for investment scams and other financial fraud, which can cause Bitcoin investors to lose their money.

Anyone wishing to check the registration status of someone offering to sell Bitcoin or other products tied to Bitcoin may contact Secretary Galvin's Securities Division at 1-800-269-5428. Additional information may be found on Secretary Galvin's website, www.sec.state.ma.us


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 13, 2017, 12:12:01 PM
Quote from: gib on December 12, 2017, 05:41:11 PM
Here’s a question for you guys. If you had to guess, what would have the biggest % gains over the next 12 months?

Gold
Silver
Bitcoin

(My ranking would be BTC, gold, silver)

1. SILVER:  Very undervalued at this time.  It has the highest profit potential.  However, it's disadvantages are it's weight and it takes up a lot of room.

2. GOLD:  Undervalued.  Less profit potential than silver, but governments hoard it... that should tell you something.

3. BITCOIN:  The easy money has already been made.  People buying anywhere near 15-18K are taking a big risk.  Get into some lower priced cryptos if you want to speculate.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on December 13, 2017, 02:29:57 PM
Quote from: jr on December 13, 2017, 02:02:54 PM


So, these are the typical bitcoin investors?   ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 13, 2017, 02:30:14 PM
Quote from: jr on December 13, 2017, 02:02:54 PM

LMAO! 0.0113 BTC!!! Niggas rich!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on December 13, 2017, 02:31:58 PM
Quote from: obsidian on December 13, 2017, 02:30:14 PM
LMAO! 0.0113 BTC!!! Niggas rich!!

Haha yeah, Matt’s gonna get a kick out of this one  ;D 8)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on December 13, 2017, 02:33:58 PM
I fucking hate Coinbase!

Can't get my driver's license pictures uploaded because the metro-sexual booty-hole rimmers from San Francisco didn't think they were going to get this much b-ness.

I could choke one of them right now... Only been able to buy marginal amounts of BTC at this point because everything else is frozen.

 ??? ??? ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 13, 2017, 02:34:07 PM
Ethereum shits all over Bitcoin when it comes to fees and transaction speed!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 13, 2017, 02:44:53 PM
Quote from: El Diablo Blanco on December 13, 2017, 11:56:24 AM
How many people are going to get scammed this way?

With p2p? Yes scams can happen (like with any transaction with strangers). Fake wire transfers. Fraudulent deposits. Fake banknotes. All are possible. Many of the p2p sites rate buyers and sellers and list number of completed transactions etc (just like eBay or Airbnb or Uber).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: NarcissisticDeity on December 13, 2017, 05:10:53 PM
 ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on December 13, 2017, 05:19:19 PM
this financial talk is pretty boring. this is what you do on your freetime?

most people who deal with finances dont spend their time off talking about it, they enjoy their riches.

so how about you guys put a break on it? put some photos up of your riches? a few photos of your cars, helicopters, houses etc ?

think about it as inspiration for the rest of us, who hasnt invested as wisely as you have over the years in gold, silver, stocks, bonds, bitcoins and everything else you talk about day after day on here.

so bring those photos up. im waiting.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 13, 2017, 05:55:23 PM
Quote from: ratherbebig on December 13, 2017, 05:19:19 PM
this financial talk is pretty boring. this is what you do on your freetime?

most people who deal with finances dont spend their time off talking about it, they enjoy their riches.

so how about you guys put a break on it? put some photos up of your riches? a few photos of your cars, helicopters, houses etc ?

think about it as inspiration for the rest of us, who hasnt invested as wisely as you have over the years in gold, silver, stocks, bonds, bitcoins and everything else you talk about day after day on here.

so bring those photos up. im waiting.



Ha ha - yeah fair call, although I would say, a lot of those people who pose with cars, watches, cash etc actually are not the wealthy ones. Not one of the crowd that I hang with do this. There's also the issue of bringing "unwanted attention" to yourself. I always find it amusing when these wannabe "gangsters/rappers" get arrested for drugs etc, and then you see their instagram pix flaunting cash/cars/gold chains etc.

For me the reality is that screen shots of my stocks or cash are not overly interesting, nor are pictures of various properties (all tenanted and not necessarily "glamorous"). And as for cars, I currently don't even own one! (That will change if I ever get more settled in a single location).

What the dudes I hang with do with their money though, is buy experiences - travelling to interesting places in the world, dining in nice places, doing charitable stuff, hobbies like cycling or mountain climbing or ice water swimming etc and yes some are into some pretty serious partying (usual stuff - clubs, chicks, champagne and other stuffs).

Sorry to be so boring! Having said that, I would love to see pix of others getbiggers spoils of wealth :) Do post them!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on December 13, 2017, 05:57:33 PM
pictures of women are ok too, ive heard they come to people with riches.

bitcoinbitches. if you will
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 13, 2017, 06:17:28 PM
Quote from: ratherbebig on December 13, 2017, 05:57:33 PM
pictures of women are ok too, ive heard they come to people with riches.

bitcoinbitches. if you will


Lol - Yes, that is true. Having said that, there is not always a correlation. You would be amazed at the lack of quality pussy some wealthy people have, or the types of chicks they get stuck with. My observation is that pussy is a lot more correlated with confidence than wealth (or with "good looks" for that matter). I'll give you an example - when we are out clubbing, some of the really wealthy guys struggle to pick up pussy, at least until some catch on to "do you know who I am" type thing, and then you get the gold-diggers, some of whom are really obvious (although yes some are a good for a night of fun and are just attracted to the free drinks, nice hotel, coke etc and being seen hanging with this type of crowd). And then you get the dudes, maybe hanging with the same crowd but actually not wealthy at all (eg the barman at some club who has finished his shift, or some hipster who works at a café, or some unemployed dude who is always "in da clubs" etc - not that there is at all anything with these jobs), but to me it seems that these dudes that are confident get more than their share of quality pussy :) So, for those who aren't "rich", there is hope.

Having said all that, yes having money certainly can help $$$ :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 13, 2017, 07:37:56 PM
An article for Mr A!

https://www.coindesk.com/come-bogus-bitcoin-scare-tactics/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on December 14, 2017, 12:13:58 AM
Heads of coin platforms front running potential bad news. I mean there is going to be a drop from all time highs, that's a given. Some people are going to take profits before year end....and they should.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 14, 2017, 05:30:59 AM
https://techcentral.co.za/sars-wants-track-bitcoin-trades/78717/

This is what's being planned in South Africa, the Revenue Service wants to apply capital gains tax and income tax to crypocurrencies.

The want to copy a similar system which will be used in the U.K.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mitch on December 14, 2017, 08:14:28 AM
(http://img-9gag-fun.9cache.com/photo/aeen4p5_460s.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on December 14, 2017, 12:10:05 PM
Quote from: SOMEPARTS on December 14, 2017, 12:13:58 AM
Heads of coin platforms front running potential bad news. I mean there is going to be a drop from all time highs, that's a given. Some people are going to take profits before year end....and they should.
naw, way too early. Bitcoin is always going to have a place because no government can regulate it. Makes it easier to travel out of the country.
As far as unbanking goes, IMO seems like if you are willing to hide your money under a mattress, putting some in bitcoin so you can pay with your phone seems like a life saver.  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 14, 2017, 12:21:19 PM
Quote from: HTexan on December 14, 2017, 12:10:05 PM
naw, way too early. Bitcoin is always going to have a place because no government can regulate it. Makes it easier to travel out of the country.
As far as unbanking goes, IMO seems like if you are willing to hide your money under a mattress, putting some in bitcoin so you can pay with your phone seems like a life saver.  ;D


Any government can make it illegal with a stroke of a pen.  

Just wait until a terror attack is tied to bitcoin, it would be made illegal very quickly.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: JAGO on December 14, 2017, 12:24:14 PM
AGAIN, HAS CASH BEEN MADE ILLEGAL?

j
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 14, 2017, 03:47:05 PM
Quote from: JAGO on December 14, 2017, 12:24:14 PM
AGAIN, HAS CASH BEEN MADE ILLEGAL?
j

No, because fiat notes are their baby... their creation... their control instrument.   

Will cash be abolished some day in favor of some all digital currency?... absolutely.  

It will NOT be bitcoin, it will be their own government/global version.  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 14, 2017, 03:51:42 PM
Quote from: Mr Anabolic on December 14, 2017, 12:21:19 PM
Any government can make it illegal with a stroke of a pen.  

Just wait until a terror attack is tied to bitcoin, it would be made illegal very quickly.

Government could also make gold illegal. Indeed they did in recent US history. That did not work particularly well. And that was with a physical items too. Not something intangible.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Yanin on December 14, 2017, 03:57:29 PM
I was ready to sell at 18k per coin... well then
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 14, 2017, 04:37:27 PM
Quote from: gib on December 14, 2017, 03:51:42 PM
Government could also make gold illegal. Indeed they did in recent US history. That did not work particularly well. And that was with a physical items too. Not something intangible.

Was 1933, but very few turned in their gold.  Physical is impossible to trace.  Very easy to hide and/or bury.  It never tarnishes, rots or malfunctions.  

Digital 1's and 0's are much easier to take control of, hack, track, delete, destroy, etc.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on December 14, 2017, 04:52:25 PM
Don’t you think that the biggest scam might be that the gov probably created bitcoin under the guise that gov can’t trace it? I’ve heard the stories of satoshi but this sounds more like a joint venture between the federal reserve and nsa.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 14, 2017, 04:53:30 PM
Quote from: Mr Anabolic on December 14, 2017, 04:37:27 PM
Digital 1's and 0's are much easier to take control of, hack, track, delete, destroy, etc.

computers have a bit more personality these days... and don't strictly operate within the realm of '1's and 0's'... think three, four, or maybe more digits.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 14, 2017, 04:54:56 PM
Quote from: El Diablo Blanco on December 14, 2017, 04:52:25 PM
Don’t you think that the biggest scam might be that the gov probably created bitcoin under the guise that gov can’t trace it? I’ve heard the stories of satoshi but this sounds more like a joint venture between the federal reserve and nsa.

or an AI... look into the blockchain
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: QuietYou on December 14, 2017, 05:04:18 PM
This can turn to the bitching thread when all the servers are hacked and you guys lose your bitcoins lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 14, 2017, 05:20:59 PM
GIB STILL KILLIN' IT!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Shizzo on December 14, 2017, 05:36:50 PM
Bitcoin only got me a chipped tooth.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dan-O on December 14, 2017, 05:39:34 PM
Quote from: QuietYou on December 14, 2017, 05:04:18 PM
This can turn to the bitching thread when all the servers are hacked and you guys lose your bitcoins lol

LOL.  No internet = no bitcoin
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on December 14, 2017, 05:49:46 PM
Bitcoin has Zero value. I asked a whore the other day if she’d blow me for .0002 bitcoin and she said no.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on December 14, 2017, 06:48:49 PM
Quote from: El Diablo Blanco on December 14, 2017, 05:49:46 PM
Bitcoin has Zero value. I asked a whore the other day if she’d blow me for .0002 bitcoin and she said no.


Cheap bastard of peace.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 14, 2017, 09:08:31 PM
Quote from: Mr Anabolic on December 14, 2017, 12:21:19 PM
Any government can make it illegal with a stroke of a pen.  

Just wait until a terror attack is tied to bitcoin, it would be made illegal very quickly.

North Korea are also pparently using Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 14, 2017, 10:54:06 PM
Quote from: Mr Anabolic on December 14, 2017, 04:37:27 PM
Was 1933, but very few turned in their gold.  Physical is impossible to trace.  Very easy to hide and/or bury.  It never tarnishes, rots or malfunctions.  

Digital 1's and 0's are much easier to take control of, hack, track, delete, destroy, etc.

I actually think gold is much easier to steal. I can travel around between boarders and countries and access bitcoin with just an access code in my head. Anywhere in the world. Gold, you would need to carry physically - very to be stolen, “taxed”, misappropriated, lost etc - not to mention not practical to carry in large amounts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 14, 2017, 10:57:31 PM
Quote from: gib on December 14, 2017, 10:54:06 PM
I actually think gold is much easier to steal. I can travel around between boarders and countries and access bitcoin with just an access code in my head. Anywhere in the world. Gold, you would need to carry physically - very to be stolen, “taxed”, misappropriated, lost etc - not to mention not practical to carry in large amounts.
Oh, and $17,200...

(I’m thinking about always posting the price of gold concurrently with my bitcoin updates - but I will resist that temptation - lol 😂)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 14, 2017, 11:01:13 PM
Quote from: SF1900 on December 14, 2017, 05:20:59 PM
GIB STILL KILLIN' IT!!!

lol. Thank you. Here’s the funny thing - I gain or lose way more overall on a typical day of stock market movements, yet I check my stocks usually not more than once a day. Bitcoin I find myself checking 3-5 times a day!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: calfzilla on December 14, 2017, 11:57:49 PM
Gib, can I buy bitcoin from this machine at the mall?

https://www.coinme.com (https://www.coinme.com)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 15, 2017, 01:36:19 AM
Not familiar with that particular machine but yes bitcoin ATM machines are popping up all over the place. You can buy and sell btc via these machines in any country. Easy.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 15, 2017, 04:01:28 AM
$17,300
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 15, 2017, 04:18:41 AM
Quote from: Zillotch on December 14, 2017, 04:53:30 PM
computers have a bit more personality these days... and don't strictly operate within the realm of '1's and 0's'... think three, four, or maybe more digits.

Actually, the basic technology still does.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 15, 2017, 04:21:51 AM
Quote from: SF1900 on December 14, 2017, 05:20:59 PM
GIB STILL KILLIN' IT!!!

If he never cashes in (because they are going to $1 mil) all gains are virtual.   

One day he may cash in 5%.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 15, 2017, 04:43:25 AM
Quote from: gib on December 14, 2017, 10:57:31 PM

(I’m thinking about always posting the price of gold concurrently with my bitcoin updates - but I will resist that temptation)

The trend will reverse sooner than later.  When silver and gold start their run, it will be very interesting to see how you react to it.  

Those big daily percentage gains in bitcoin are over.  The easy money has already been made.  If you were smart you would take some profits... at least 50%.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 15, 2017, 04:45:24 AM
Quote from: gib on December 14, 2017, 11:01:13 PM
lol. Thank you. Here’s the funny thing - I gain or lose way more overall on a typical day of stock market movements, yet I check my stocks usually not more than once a day. Bitcoin I find myself checking 3-5 times a day!

Inside the mind of a euphoric bitcoin junkie...

(http://cdn1us.denofgeek.com/sites/denofgeekus/files/styles/main_wide/public/2015/12/rod-serling-twilight-zone-marathon.jpg?itok=2JfNSHeW)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 15, 2017, 06:28:37 AM
Quote from: Mr Anabolic on December 15, 2017, 04:18:41 AM
Actually, the basic technology still does.

think about it this way.... humans aren't even doing the math anymore.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 15, 2017, 07:30:58 AM
(http://image-store.slidesharecdn.com/106ed2e2-1e7e-4bea-820d-d9b2379ca251-original.png)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on December 15, 2017, 07:38:39 AM
the wolf of wall street says now that bitcoin can be shorted it will be classic pump and dump . . . . he says there will be be a rapid surge and then a massive sell-off as they cash in . . .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 15, 2017, 08:56:39 AM
Quote from: DooM_ on December 15, 2017, 07:38:39 AM
the wolf of wall street says now that bitcoin can be shorted it will be classic pump and dump . . . . he says there will be be a rapid surge and then a massive sell-off as they cash in . . .

Right now the margin requirement for shorting is very high = 50%.  When that comes down, then you'll start to see some action.  Yes, there will eventually be a massive sell-off and the "buy the dip" crowd will not have any money or confidence left to buy.  Sell orders will overwhelm the exchanges and those who are heavily invested will not be able to sell.  After the carnage is over, some former bitcoin millionaires (now broke) will commit suicide.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: QuietYou on December 15, 2017, 08:58:45 AM
Quote from: Mr Anabolic on December 15, 2017, 08:56:39 AM
Right now the margin requirement for shorting is very high = 50%.  When that comes down, then you'll start to see some action.  Yes, there will eventually be a massive sell-off and the "buy the dip" crowd will not have any money or confidence left to buy.  Sell orders will overwhelm the exchanges and those who are heavily invested will not be able to sell.  After the carnage is over, some former bitcoin millionaires (now broke) will commit suicide.
Sad reality. Some people get too greedy and it ends up being their downfall. Such is life. The investors that make millions it’s usually not a fluke though. They’re able to use their intellect in other walks of life or another investment that could earn their money back. Instead they have a defeatist attitude like they have missed their only chance in life, and end it all.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 15, 2017, 09:09:12 AM
Quote from: QuietYou on December 15, 2017, 08:58:45 AM
Sad reality. Some people get too greedy and it ends up being their downfall. Such is life. The investors that make millions it’s usually not a fluke though. They’re able to use their intellect in other walks of life or another investment that could earn their money back. Instead they have a defeatist attitude like they have missed their only chance in life, and end it all.

The most overwhelming human emotions are fear and greed.  Greed drives the price up, and fear drives prices down.  It's quite an interesting phenomenon.  

If people would only sell when the majority is greedy and buy when majority is fearful, there would be a lot more millionaires walking among us.  

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 15, 2017, 02:18:49 PM
Quote from: Mr Anabolic on December 15, 2017, 04:43:25 AM
The trend will reverse sooner than later.  When silver and gold start their run, it will be very interesting to see how you react to it.  

Those big daily percentage gains in bitcoin are over.  The easy money has already been made.  If you were smart you would take some profits... at least 50%.

I will take some profit at some point. But my intention when I bought was more a long term hold and forget type approach. (Same with gold, if I buy). I’ll let you guys know if I do sell any substantial amounts amount.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 15, 2017, 02:22:03 PM
Quote from: Mr Anabolic on December 15, 2017, 09:09:12 AM
The most overwhelming human emotions are fear and greed.  Greed drives the price up, and fear drives prices down.  It's quite an interesting phenomenon.  

If people would only sell when the majority is greedy and buy when majority is fearful, there would be a lot more millionaires walking among us.  



I agree entirely. Although if more did this then opportunities for value investors like myself would be harder to come by. So I hope this never happens as exploiting this human mentality to do the wrong thing is the key to my success!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 15, 2017, 03:07:25 PM
 :o :o :o :o :o :o :o

17617.51 US Dollar
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 15, 2017, 11:28:23 PM
Quote from: gib on December 15, 2017, 02:22:03 PM
I agree entirely. Although if more did this then opportunities for value investors like myself would be harder to come by. So I hope this never happens as exploiting this human mentality to do the wrong thing is the key to my success!

Oh and $17,400
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 16, 2017, 04:04:18 AM
Quote from: Mr Anabolic on December 15, 2017, 08:56:39 AM
Yes, there will eventually be a massive sell-off and the "buy the dip" crowd will not have any money or confidence left to buy.  Sell orders will overwhelm the exchanges and those who are heavily invested will not be able to sell.  After the carnage is over, some former bitcoin millionaires (now broke) will commit suicide.


Or, price of a bitcoin now will seem an absolute bargain when looking back ten years form now when only the
very very rich and privileged will own anything more than a whole coin (one of only 21 million ever created). There’s potentially an almost unfathomable amount of cash that may move into bitcoins over the coming years. Wait until mainstream investors start buying and the big players on Wall Street start getting in...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on December 16, 2017, 04:09:22 AM
Quote from: gib on December 16, 2017, 04:04:18 AM
Or, price of a bitcoin now will seem an absolute bargain when looking back ten years form now when only the
very very rich and privileged will own anything more than a whole coin (one of only 21 million ever created). There’s potentially an almost unfathomable amount of cash that may move into bitcoins over the coming years. Wait until mainstream investors start buying and the big players on Wall Street start getting in...


. . . it could . . or it could completely collapse into nothing . .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 16, 2017, 04:37:40 AM
Quote from: DooM_ on December 16, 2017, 04:09:22 AM
. . . it could . . or it could completely collapse into nothing . .

Yes. As could any store of wealth. Including the USD and gold.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 16, 2017, 04:38:55 AM
Meanwhile... $17,500.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 16, 2017, 04:45:06 AM
I see Ethereum surpassing Bitcoin eventually.

Coinbase OG Olaf Carlson-Wee: Ethereum Will Surpass Bitcoin in 2018
https://www.bitsonline.com/olaf-carlson-wee-eth-tops-btc/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 16, 2017, 04:45:27 AM
$ 18,121.90
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on December 16, 2017, 05:06:34 AM
Quote from: gib on December 16, 2017, 04:37:40 AM
Yes. As could any store of wealth. Including the USD and gold.

. . highly unlikely for US dollar, pound or euro . . .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 16, 2017, 05:09:12 AM
Quote from: gib on December 16, 2017, 04:04:18 AM
Or, price of a bitcoin now will seem an absolute bargain when looking back ten years form now when only the
very very rich and privileged will own anything more than a whole coin (one of only 21 million ever created). There’s potentially an almost unfathomable amount of cash that may move into bitcoins over the coming years. Wait until mainstream investors start buying and the big players on Wall Street start getting in...


Rich and privileged huh?  

If bitcoin is so amazing than why aren't bankers buying all the bitcoins they can get their hands on?  They print the money from nothing anyway.  

That 21 million number is bogus and part of the "story".  It forks and fork again.  Less than 1% of the population own any bitcoin.  Less than 5% know what it is.  Anyone buying at these levels is doing so because they think it's going higher... no other reason.  Pure gambling.  Asians love to gamble.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 16, 2017, 05:19:24 AM
1000 people own 40 % of Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 16, 2017, 05:23:34 AM
Quote from: Griffith on December 16, 2017, 05:19:24 AM
1000 people own 40 % of Bitcoin.


When a few get something for nothing... the rest will get nothing for something.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 16, 2017, 06:50:42 AM
The Bitcoin network can apparently only do 4 transactions per second ?? And take days to complete ?

http://www.news.com.au/finance/money/investing/fees-fomo-and-fine-print-i-bought-300-worth-of-bitcoin-and-immediately-regretted-it/news-story/1f8c284441db52bf609383b362eaa2be
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 16, 2017, 07:20:41 AM
Quote from: Mr Anabolic on December 16, 2017, 05:09:12 AM
If bitcoin is so amazing

I have a super bad feeling that this is our new money, dude. can all of these cryptos be merged together at some point in the future? creating one
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on December 16, 2017, 07:22:05 AM
Quote from: Mr Anabolic on December 16, 2017, 05:23:34 AM
When a few get something for nothing... the rest will get nothing for something.

I give you Wall Street.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: QuietYou on December 16, 2017, 07:26:05 AM
Might just put a few thousand into crypto to just play with and see where it goes
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 16, 2017, 09:11:19 AM
Quote from: Zillotch on December 16, 2017, 07:20:41 AM
I have a super bad feeling that this is our new money, dude. can all of these cryptos be merged together at some point in the future? creating one

Then the government and governments will have complete control and knowledge over every cent we spend over an internationally linked system.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 16, 2017, 09:26:30 AM
Quote from: Griffith on December 16, 2017, 09:11:19 AM
Then the government and governments will have complete control and knowledge over every cent we spend over an internationally linked system.

finding out who... or what.. created the blockchain upon which this newly founded digital empire is being built.... is probably kinda important, I would imagine
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 16, 2017, 09:29:10 AM
Quote from: Slapper on December 16, 2017, 07:22:05 AM
I give you Wall Street.

Totally agree.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 16, 2017, 11:40:18 AM
Quote from: Mr Anabolic on December 16, 2017, 05:09:12 AM
Rich and privileged huh?  

If bitcoin is so amazing than why aren't bankers buying all the bitcoins they can get their hands on?  They print the money from nothing anyway.  

That 21 million number is bogus and part of the "story".  It forks and fork again.  Less than 1% of the population own any bitcoin.  Less than 5% know what it is.  Anyone buying at these levels is doing so because they think it's going higher... no other reason.  Pure gambling.  Asians love to gamble.

Bankers are not yet buying, for many reasons (including both technical and regulatory restrictions). But a small number are nibbling away. First we will see bankers buy in a personal capacity. Next the hedge funds. And then more broadly. Watch and see.

Oh and $17,600.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 16, 2017, 11:43:57 AM
Quote from: Mr Anabolic on December 16, 2017, 05:09:12 AM
That 21 million number is bogus and part of the "story".  It forks and fork again.  Less than 1% of the population own any bitcoin.  Less than 5% know what it is.  Anyone buying at these levels is doing so because they think it's going higher... no other reason.  Pure gambling.  Asians love to gamble.

The 21 million is determined by the algorithm. Further in reality it’s probably much less, maybe only 16 million due to the rest having been “lost” by a early miners.

Oh and $17,700.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on December 16, 2017, 11:44:42 AM
20k is the next psychological barrier.

I predict bitcoin busts right through it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 16, 2017, 11:48:54 AM
Quote from: Mr Anabolic on December 16, 2017, 05:09:12 AM
Rich and privileged huh?  

It forks and fork again.

It could do yes. And anyone who owns a bitcoin will also automatically own any forks and modifications. So for example I own both bitcoin and then an equal number of Bitcoin Cash which was automatically granted to me when that was created - is just like getting shares in company that is spun off.

Oh and $17,800.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 16, 2017, 11:53:01 AM
Quote from: Mr Anabolic on December 16, 2017, 05:09:12 AM
Rich and privileged huh?  

Less than 1% of the population own any bitcoin.  Less than 5% know what it is.  

I’m guessing less that 1% own gold too. (And remember and one point in human history and evolution 0% of people owned gold).

And as for less than 5% knowing what it is, ask yourself - what will happen as more people find out about bitcoin? A billion Indians. A billion Chinese, etc.

Oh and $17,900.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on December 16, 2017, 11:55:15 AM
someone who bought a bitcoin yesterday for 17 400 dollars now one day later it's worth 17 900 dollars

that's an increase of 500 dollars on a 17 400 investment !

incredible !

if you ask someone on the street "lend me 17 400 dollars and i promise you it will be worth 17 900 by tomorrow" would you do it ?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 16, 2017, 11:55:49 AM
Quote from: polychronopolous on December 16, 2017, 11:44:42 AM
20k is the next psychological barrier.

I predict bitcoin busts right through it.

we might as well make it $40 000 +

Quote from: Zillotch on December 07, 2017, 08:23:44 AM
$20,000... posted preemptively
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 16, 2017, 11:58:09 AM
Quote from: Mr Anabolic on December 16, 2017, 05:09:12 AM
Anyone buying at these levels is doing so because they think it's going higher... no other reason.  Pure gambling.  Asians love to gamble.
Lol about “at these levels”. You are speaking as though bitcoin can be valued. It can’t. However what can be predicted are trends of human behavior.

Yes, of course people would buy something because they think it will go up.

And yes Asians like to gamble. (Asians also like to invest. And Asians are becoming increasingly rich). And historically Asians also liked gold. Hmm, so wait a minute - what does that indicate about where the price of bitcoin will go? ....

You are getting there Mr A.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 16, 2017, 11:58:54 AM
Quote from: gib on December 16, 2017, 11:58:09 AM
Lol about “at these levels”. You are speaking as though bitcoin can be valued. It can’t. However what can be predicted are trends of human behavior.

Yes, of course people would buy something because they think it will go up.

And yes Asians like to gamble. (Asians also like to invest. And Asians are becoming increasingly rich). And historically Asians also liked gold. Hmm, so wait a minute - what does that indicate about where the price of bitcoin will go? ....

You are getting there Mr A.

Oh and $18,000 !!! :):):)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 16, 2017, 12:00:38 PM
Quote from: gib on December 16, 2017, 11:58:09 AM
Lol about “at these levels”. You are speaking as though bitcoin can be valued.

gib is super correct... people r looking at this thing completely wrong, lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 16, 2017, 12:24:13 PM
$ 19,302.10
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 16, 2017, 12:49:21 PM
Quote from: gib on December 16, 2017, 11:58:54 AM
Oh and $18,000 !!! :):):)


Yaaaaaaaaaaaaaaaaaay!  :) :) :)


If $1 mil is such a certainty, then why aren't you buy more at this level?   Liquidate everything you have to buy more.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on December 16, 2017, 01:31:44 PM
Quote from: Mr Anabolic on December 16, 2017, 12:49:21 PM

Yaaaaaaaaaaaaaaaaaay!  :) :) :)


If $1 mil is such a certainty, then why aren't you buy more at this level?   Liquidate everything you have to buy more.


that's a good question.

where bitcoin is heading, it would be foolish not to buy at this stage. think about the time when people will say "remember when it was only $18 000? i wished i would've bought more!"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 16, 2017, 02:07:24 PM
Quote from: Mr Anabolic on December 16, 2017, 12:49:21 PM

Yaaaaaaaaaaaaaaaaaay!  :) :) :)


If $1 mil is such a certainty, then why aren't you buy more at this level?   Liquidate everything you have to buy more.


Not a certainty. (Which is why not everyone is putting everything into it). But a likelihood, which is why some people are and why you are seeing a slow and tentative step from some people into bitcoin and why we will see more in the coming years. New currencies take time to establish credibility.

Oh and $18,100
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 16, 2017, 02:12:42 PM
Quote from: ratherbebig on December 16, 2017, 01:31:44 PM
that's a good question.

where bitcoin is heading, it would be foolish not to buy at this stage. think about the time when people will say "remember when it was only $18 000? i wished i would've bought more!"


I agree entirely. We are still at the point where many who have a high standard of living could secure their future now buy buying just one coin (or part of one) and holding long term for themselves or their kids. It’s really just about staking a claim in what may become the most significant creation in terms of a decentralised and electronic store of wealth this century.

40k end of the 2018 is defiantly possible. Some are predicting 100K. We really only need to see the total amount of global funds allocated to bitcoin to increase 5x their current levels to get to 100k per coin. This could easily happen if hedge funds and private wealth management companies start allocating funds to bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 16, 2017, 02:22:48 PM
Quote from: gib on December 16, 2017, 02:07:24 PM
Not a certainty. (Which is why not everyone is putting everything into it). But a likelihood, which is why some people are and why you are seeing a slow and tentative step from some people into bitcoin and why we will see more in the coming years. New currencies take time to establish credibility.

Oh and $18,100

Again I can’t emphasise enough the impotence of securing ones future. Do you have any idea of what could happen once the new generation of Indians and Chinese who come families (with a traditional history of gold as a store of wealth) start wanting bitcoins? It could become truely ballistic. Then you will really see what can happen with a parabolic curve (both in terms of technology adoption cycle let alone asset chasing).

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 16, 2017, 02:23:48 PM
Quote from: gib on December 16, 2017, 02:22:48 PM
Again I can’t emphasise enough the impotence of securing ones future. Do you have any idea of what could happen once the new generation of Indians and Chinese who come families (with a traditional history of gold as a store of wealth) start wanting bitcoins? It could become truely ballistic. Then you will really see what can happen with a parabolic curve (both in terms of technology adoption cycle let alone asset chasing).



PS - $18,200
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on December 16, 2017, 02:28:21 PM
are you a bot?

i imagine thousands of bots sent out to thousands of msg boards to pump bitcoin

i dont see you post anywhere else on getbig?

and as usual, not a single proof of anything. not of no of bitcoins. not of income. no houses. no cars. no nothing.

you could be a 12 year old kid for what we know.

when bitcoin drops not a single post.
when bitcoin goes up a post every time.

thats shady.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on December 16, 2017, 02:31:58 PM
let's make a thread for every stock...

Freeport-McMoRan Inc (NYSE:FCX)

Earnings growth (last year)   +73.44%
Earnings growth (this year)   +381.95%

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on December 16, 2017, 02:34:10 PM
Quote from: ratherbebig on December 16, 2017, 02:28:21 PM
are you a bot?

i imagine thousands of bots sent out to thousands of msg boards to pump bitcoin

i dont see you post anywhere else on getbig?

and as usual, not a single proof of anything. not of no of bitcoins. not of income. no houses. no cars. no nothing.

you could be a 12 year old kid for what we know.

when bitcoin drops not a single post.
when bitcoin goes up a post every time.

thats shady.



but whenever the price drops he disappears . . .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 16, 2017, 02:42:39 PM
Quote from: ratherbebig on December 16, 2017, 02:28:21 PM
are you a bot?

i imagine thousands of bots sent out to thousands of msg boards to pump bitcoin

i dont see you post anywhere else on getbig?

and as usual, not a single proof of anything. not of no of bitcoins. not of income. no houses. no cars. no nothing.

you could be a 12 year old kid for what we know.

when bitcoin drops not a single post.
when bitcoin goes up a post every time.

thats shady.



Spooky huh?

Oh and $18,300 ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on December 16, 2017, 02:46:31 PM
nothing spooky at all.
there's tons of people like you all over the internet. if you would have been here in 2011 giving people advice, showing your own investments, have a no of success stories from known getbiggers investing, making money etc it would be interesting.

but to make a thread in september of 2017 about bitcoins going up in value, is lame as shit.

that is not somebody who knows his shit, that is someone who is the very last to jump on the bandwagon and brings ZERO to the table.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 16, 2017, 03:05:02 PM
Quote from: ratherbebig on December 16, 2017, 02:46:31 PM
nothing spooky at all.
there's tons of people like you all over the internet. if you would have been here in 2011 giving people advice, showing your own investments, have a no of success stories from known getbiggers investing, making money etc it would be interesting.

but to make a thread in september of 2017 about bitcoins going up in value, is lame as shit.

that is not somebody who knows his shit, that is someone who is the very last to jump on the bandwagon and brings ZERO to the table.


If you consider this thread “lame as shit” then please move on to another thread to read.

As for “showing my own investments” feel free to assume I own nothing. But please do consider the various points made as I have discussed various questions and comments related to bitcoin, which I hope you will find of interest and of value.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 16, 2017, 03:07:11 PM
Quote from: gib on December 16, 2017, 03:05:02 PM
If you consider this thread “lame as shit” then please move on to another thread to read.

As for “showing my own investments” feel free to assume I own nothing. But please do consider the various points made as I have discussed various questions and comments related to bitcoin, which I hope you will find of interest and of value.
Oh and $18,400. (Still plenty of time and scope to make $💰$).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on December 16, 2017, 04:57:59 PM
This thread should 1000000000000% be closed... I hope a mod is watching.

Classic pump up your own stock thread which is not allowed in any other message board/forum.

You can post technical analysis or fundamental analysis.. but the cheer-leading and "buy buy buy" going on here would be illegal with a penny stock..

bitcoin = penny stock, both in terms of volatility and float.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 16, 2017, 05:06:48 PM
Quote from: TheGrinch on December 16, 2017, 04:57:59 PM
This thread should 1000000000000% be closed...

x2, bitcoin is evil, lol everyone should avoid it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 16, 2017, 05:38:22 PM
Quote from: TheGrinch on December 16, 2017, 04:57:59 PM
This thread should 1000000000000% be closed... I hope a mod is watching.

Classic pump up your own stock thread which is not allowed in any other message board/forum.

You can post technical analysis or fundamental analysis.. but the cheer-leading and "buy buy buy" going on here would be illegal with a penny stock..

bitcoin = penny stock, both in terms of volatility and float.



Thank you for your views on the rules of this forum.

Personally I hope a mod is buying...

PS - recommending a penny stock is not illegal.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 16, 2017, 06:31:01 PM
Also, you do realise that “talking down” bitcoin would be as illegal as “talking up” bitcoin, don’t you? (Although actually neither act is actually illegal).

Rather than make incorrect and unproductive comments please try or contribute to the discussion regarding the actual merits and pros/cons of owning vs not owning bitcoin. (Although if you do want to debate the laws that relate to disusssion of bitcoin (or any other asset) I’m more than capable of taking that on too).

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 16, 2017, 11:52:43 PM
Quote from: gib on December 16, 2017, 05:38:22 PM
Thank you for your views on the rules of this forum.

Personally I hope a mod is buying...

PS - recommending a penny stock is not illegal.

PPS - $18,500.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 17, 2017, 12:38:53 AM
$18,600
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gh15 on December 17, 2017, 01:11:27 AM
Quote from: Zillotch on December 16, 2017, 11:55:49 AM
we might as well make it $40 000 +


when will you learn that governments know exactly what you are doing.. every single moment.. it is the chosen ones who survive depending on whos leading a country,,

read this again and again,, notice how I sign

cluless.. YOU are indeed clueless,, along side few other youngster idiots on here,,

gh15 approved
lion For Judah
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 17, 2017, 02:46:34 AM
Quote from: gh15 on December 17, 2017, 01:11:27 AM
when will you learn that governments know exactly what you are doing.. every single moment.. it is the chosen ones who survive depending on whos leading a country,,

read this again and again,, notice how I sign

cluless.. YOU are indeed clueless,, along side few other youngster idiots on here,,

gh15 approved
lion For Judah

I’m not sure what to comment...

Except perhaps $18,700.

Now I suggest you please go have your GH elves go and buy some bitcoin :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 17, 2017, 03:55:33 AM
Quote from: gib on December 16, 2017, 11:53:01 AM
I’m guessing less that 1% own gold too. (And remember and one point in human history and evolution 0% of people owned gold).

And as for less than 5% knowing what it is, ask yourself - what will happen as more people find out about bitcoin? A billion Indians. A billion Chinese, etc.

Oh and $17,900.

Make that $18,800. (As I have said before, when the price was much lower, - anyone who is able to should consider getting a bitcoin and sit on it as a hedge against the future. I’m glad I did :) but there is still plenty of time in my view. With the money that may flow in over the next year or two it could go way way higher.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 17, 2017, 04:00:48 AM
Quote from: gh15 on December 17, 2017, 01:11:27 AM
when will you learn that governments know exactly what you are doing.. every single moment..

read this again and again,, notice how I sign

cluless.. YOU are indeed clueless,, along side few other youngster idiots on here,,

way to read the thread, stupid lol your tard shit knows no bounds... does it?

Quote from: Zillotch on December 04, 2017, 01:33:35 PM
pretend for a moment that there r in fact intelligent people within government, or that there r intelligent people who influence governmental operations; do u truly believe that those intelligent people do not comprehend bitcoin? lol

 ::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 17, 2017, 04:15:26 AM
Quote from: Zillotch on December 16, 2017, 05:06:48 PM
bitcoin is evil, lol everyone should avoid it.

what better way... to pull everyone into a single sinister system... than by their greed. look at the way some r beginning to salivate, lol

what if.... the numbers just keep on going up?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 17, 2017, 04:45:48 AM
$ 19,991.60
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on December 17, 2017, 05:50:33 AM
This is getting crazy, so tempted to cash in and buy a badass weekend car.  >:(
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on December 17, 2017, 05:52:44 AM
Quote from: HTexan on December 17, 2017, 05:50:33 AM
This is getting crazy, so tempted to cash in and buy a badass weekend car.  >:(

(https://memeguy.com/photos/images/mrw-windows-asks-me-if-im-sure-i-want-to-shut-down-when-programs-are-still-running-90245.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gh15 on December 17, 2017, 07:38:38 AM
Quote from: Zillotch on December 17, 2017, 04:00:48 AM
way to read the thread, stupid lol your tard shit knows no bounds... does it?

 ::)

when you have time to create 4 gimmicks.. on forums.. tard is the last word you can say about anyone out there,,

be a man and post under 1 user name,,

gh15 approved
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 17, 2017, 08:00:49 AM
Quote from: gh15 on December 17, 2017, 07:38:38 AM
when you have time to create 4 gimmicks.. on forums.. tard is the last word you can say about anyone out there,,

be a man and post under 1 user name,,

gh15 approved

Pipe down.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 17, 2017, 11:27:48 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on December 17, 2017, 12:44:18 PM
tai lopez? he's a fraud

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on December 17, 2017, 08:28:07 PM
Not clicking on that video. Looks at those goofs.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 17, 2017, 09:11:13 PM
This rise is for the futures trading that started today. It's already pulling back...... just like it did last time a bank announced futures trading......


Taking into account Bitcoin is 40% held by the early investors who paid bugger all, it leaves 60% on a sliding upwards scale who paid a max 18k or whatever to get in.

This market cap of $400B or so is probably backed by $100B true investment.

45% Japan.
35% US
5% Korea
15% for the rest of the world.

To get BTC to $40k probably need $170B of real money. That will take time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on December 17, 2017, 09:32:01 PM
..some people are going to lose everything with this ,  they gambled their homes and life savings . . . 40 % have no risk , they got it for nothing , eventually they will want to cash out . . .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on December 17, 2017, 09:43:38 PM
That's why it is so important for new dumb money to get in and get them to "HODL". They chant that on forums and from the rooftops, haha. There are two sides to every trade, winner and loser.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 17, 2017, 11:21:07 PM
Quote from: jr on December 17, 2017, 09:38:10 PM
According to JP Morgan analysis:

""The net flow into cryptocurrencies is very much a function of coin creation which is controlled by computer algorithms and in the case of bitcoin is diminishing over time. Figure 6 shows the net amount of money invested every year since 2009. The cumulative amount has totaled around $6bn since 2009, well below the current market cap of $300bn."

So if I understand correctly, everyone holding bitcoin think they have a total of $300 billion in wealth between them, but if they all tried to sell to get that money out only $6 billion is able to be taken out.

Correct.

That is the bubble effect. When it pops you go much closer to the actual investment value.

I don't believe JPM analysis or it's taken from a period well before October and misses the recent inflows of cash.

$6B = $358/coin
$400B market cap is 66 times multiple of actual investment.

So lets consider a sane $100B flows into the market and becomes $6.6T ontop of the existing $400B and you have a $7T size market cap with a bitcoin price of $1.18M.

That's an example of how quickly bubbles can get out of control.

No fucking way with the Govt allow that shit to happen. The Govt doesn't want to see prices spiralling out of control because they step in and shut it down before average joe gets burned alive. Believe it or not, they do care about that stuff.


Just take solice knowing all these big names gloating about millions and millions still have their coins stuck in the system. They hype this so bad because they need those billions to cash out. Without hyping cryptos more they can't GTFO.....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 17, 2017, 11:58:19 PM
I see the issue with that article now and it's the timing of the chart vs when they used it in the article. Typical zerohedge.........

Looking over the JPM and other data from 2013 to today 2017 and using a $19k price i come to a ballpark $20.665B of real money invested in bitcoin. I have a correlation between price and retained capital investment which makes it look pretty accurate (that scares me seeing how low it is).

So bitcoin in terms of real money has a rough price of US$1,237/coin which is if everybody pulled out and got an even share.


If you see trade volume go to $26B/day it has legs to get to $40k.
If you see trade volume drop towards <$10B/day GTFO as quick as you can.

My gut tells me 2 things:
If this is going to crash badly then it will happen real soon.
If it doesn't crash soon then it has scope to reach mental prices - $100k+ followed by a crash.....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 18, 2017, 04:26:44 AM
Quote from: jr on December 17, 2017, 09:38:10 PM
According to JP Morgan analysis:

""The net flow into cryptocurrencies is very much a function of coin creation which is controlled by computer algorithms and in the case of bitcoin is diminishing over time. Figure 6 shows the net amount of money invested every year since 2009. The cumulative amount has totaled around $6bn since 2009, well below the current market cap of $300bn."

(http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/11/30/net%20flows%20bitcoin.jpg)

So if I understand correctly, everyone holding bitcoin think they have a total of $300 billion in wealth between them, but if they all tried to sell to get that money out only $6 billion is able to be taken out.




Yes, this is what I mentioned before, whether there would actually be enough funds available to pay out the amounts if there is a big sell-off.

And that's excluding the issue of 4 transactions per second which blockchain can handle at most and the reliability of exchanges online systems due to a sudden surge in high volume.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 18, 2017, 06:18:01 AM
Quote from: jr on December 17, 2017, 09:38:10 PM
According to JP Morgan analysis:

""The net flow into cryptocurrencies is very much a function of coin creation which is controlled by computer algorithms and in the case of bitcoin is diminishing over time. Figure 6 shows the net amount of money invested every year since 2009. The cumulative amount has totaled around $6bn since 2009, well below the current market cap of $300bn."

(http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2017/11/30/net%20flows%20bitcoin.jpg)

For every single asset that has risen in value the amount of cash invested is less than current market cap. This is common sense and not unique to bitcoin.

So if I understand correctly, everyone holding bitcoin think they have a total of $300 billion in wealth between them, but if they all tried to sell to get that money out only $6 billion is able to be taken out.




You do realise that the total amount invested is less than the total market cap of any asset that has risen in value, right? Not at all unique to bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 18, 2017, 06:20:40 AM
Quote from: SOMEPARTS on December 17, 2017, 09:43:38 PM
That's why it is so important for new dumb money to get in and get them to "HODL". They chant that on forums and from the rooftops, haha. There are two sides to every trade, winner and loser.

The only “losers” so far with bitcoin so far are either those who didn’t buy, or those who sold too early. And that is a fact.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 18, 2017, 06:27:03 AM
Quote from: Mayday on December 17, 2017, 11:21:07 PM
No fucking way with the Govt allow that shit to happen. The Govt doesn't want to see prices spiralling out of control because they step in and shut it down before average joe gets burned alive. Believe it or not, they do care about that stuff.


Oh really? And which “government” would that be? The government of Papua Nugunie? Finland? Brazil? New Zealand? Zimbabwe? Canada?

Do you realise how many “governments” actually exist? And do you realise that no government can beat bitcoin? Bitcoin is a global decentralised currency. No government can stop bitcoin. The only thing that could stop bitcoin is a collective decision to do so by those who have moved into bitcoin as a store of value. And right now, whist theoretically possible, this seems very unlikely.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gh15 on December 18, 2017, 07:15:39 AM
ww3.. can

and any hacking team that is worth its name can.. but since hacking teams created bitcoin lol it is good to go,,

the only 2 things--

1,, its not anonymous as you think it is.. it is cashless society in the making.. everything about you known if someone really want to know something about you it is deep state tool bitcoin.. who says deep state doesn't give freedom it sure gives oh yes oh yes lol

2,, never put your all eggs in one basket.. because eventhough you indeed live in virtual reality.. and you are a universe within a multiverse and you are finding it faster than i can say jacktquila.. with help along the 20th century.. but you sure starting to connect the dots.. eventhough you live in virual reality.. your! reality as of 2017 is that you cant trust  the system to always be on.. not yet.. down the road when the walls are computerized.. yesyes your house walls.. when it all comes from the electric company.. thennnnnn you can feel more relaxed if you choose the bitcoin way.. but until then you are like a leaf in the wind..


gh15 approved
lion of Judah
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on December 18, 2017, 07:23:16 AM
Warning gib.  I was involved in a class action suit against someone similar to you who promoted a stock in a pump and dump scam. They guy had to pay back more than he made.  Your cheerleading can get you in deep shit if this thing tanks and people can point fingers at you. There are 50 pages of you promoting this and claiming a million dollar per coin valuation.  Best you stop promoting and just stick with discussing gains. Stop predicting future process.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Parker on December 18, 2017, 07:39:11 AM
 https://amp.cnn.com/cnn/2017/12/18/africa/inside-life-cryptocurrency-miner-kenya-africa/index.html (https://amp.cnn.com/cnn/2017/12/18/africa/inside-life-cryptocurrency-miner-kenya-africa/index.html)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on December 18, 2017, 09:02:15 AM
Quote from: El Diablo Blanco on December 18, 2017, 07:23:16 AM
Warning gib.  I was involved in a class action suit against someone similar to you who promoted a stock in a pump and dump scam. They guy had to pay back more than he made.  Your cheerleading can get you in deep shit if this thing tanks and people can point fingers at you. There are 50 pages of you promoting this and claiming a million dollar per coin valuation.  Best you stop promoting and just stick with discussing gains. Stop predicting future process.


Bingo.... well said.... and most realize it way too late which is why message boards/forums don't want to be held accountable and any financial forum deletes these threads immediately.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Soul Crusher on December 18, 2017, 09:27:47 AM
Quote from: Parker on December 18, 2017, 07:39:11 AM
https://amp.cnn.com/cnn/2017/12/18/africa/inside-life-cryptocurrency-miner-kenya-africa/index.html (https://amp.cnn.com/cnn/2017/12/18/africa/inside-life-cryptocurrency-miner-kenya-africa/index.html)

Kenya?   Somehow I knew obama was behind this.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on December 18, 2017, 09:42:56 AM
now that's someone actually making money outta bitcoins! 800 dollars by kenyan standards, i suppose isnt a bad income and he's not taking any risks.

these africans are smarter than whites, clearly genetic!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on December 18, 2017, 09:58:41 AM
Quote from: DooM_ on December 16, 2017, 02:34:10 PM
but whenever the price drops he disappears . . .

I have the feeling gib is going to delete his account after all of this speculation is over.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 18, 2017, 12:45:47 PM
Quote from: gh15 on December 18, 2017, 07:15:39 AM
ww3.. can

and any hacking team that is worth its name can.. but since hacking teams created bitcoin lol it is good to go,,

the only 2 things--

1,, its not anonymous as you think it is.. it is cashless society in the making.. everything about you known if someone really want to know something about you it is deep state tool bitcoin.. who says deep state doesn't give freedom it sure gives oh yes oh yes lol

2,, never put your all eggs in one basket.. because eventhough you indeed live in virtual reality.. and you are a universe within a multiverse and you are finding it faster than i can say jacktquila.. with help along the 20th century.. but you sure starting to connect the dots.. eventhough you live in virual reality.. your! reality as of 2017 is that you cant trust  the system to always be on.. not yet.. down the road when the walls are computerized.. yesyes your house walls.. when it all comes from the electric company.. thennnnnn you can feel more relaxed if you choose the bitcoin way.. but until then you are like a leaf in the wind..


gh15 approved
lion of Judah

Agree with the comment about not putting all ones eggs in one basket. The rest has already been discussed - if we have WWW 3 then we all have a lot more to worry about than bitcoins. Although having said that, bitcoins would actually be a very viable way to transport and store wealth as banks and stocks collapse let alone if trying to access wealth from a country one has escaped to. Which is one of the reasons both north and South Koreans are moving into bitcoins. (Read earlier discussions on this topic).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 18, 2017, 12:59:58 PM
Quote from: Mr Anabolic on December 15, 2017, 08:56:39 AM
Right now the margin requirement for shorting is very high = 50%.  When that comes down, then you'll start to see some action.  Yes, there will eventually be a massive sell-off and the "buy the dip" crowd will not have any money or confidence left to buy.  Sell orders will overwhelm the exchanges and those who are heavily invested will not be able to sell.  After the carnage is over, some former bitcoin millionaires (now broke) will commit suicide.



In the interests of a good discussion I need to correct this comment slightly.

CME Group has a margin requirement of 35% for bitcoin futures. And Cboe has 40%. But the main point is correct- these are high margins. (Usual might be 5%, for example for an S&P futures contract).

The most important point though, is that futures trading is a further step toward legitimizing btc, and in theory should help reduce volatility over time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 18, 2017, 01:00:35 PM
Quote from: gib on December 18, 2017, 06:27:03 AM
Oh really? And which “government” would that be? The government of Papua Nugunie? Finland? Brazil? New Zealand? Zimbabwe? Canada?

Do you realise how many “governments” actually exist? And do you realise that no government can beat bitcoin? Bitcoin is a global decentralised currency. No government can stop bitcoin. The only thing that could stop bitcoin is a collective decision to do so by those who have moved into bitcoin as a store of value. And right now, whist theoretically possible, this seems very unlikely.

You are brainwashed dude. It's not a currency or money until  there is a large enough belief system that it's accepted and traded amongst the majority.

Food is more widely accepted globally as a currency/money yet i'm not walking around trying to pump people up about buying petrol with apples.....The gamble on cryptos is on a promise it will one day become money...... it's a promise, not a fact. Get off the websites and ask real world people if they have BTC and they'll say what's that.

Look at the page before and BTC might be around $20B real money floating a $400B price tag.  You want to know why it crashed 50% a while back? There is your answer. Want to know why it gets 15% pullbacks within hours? There is your answer. Want to know why 40% are held by 1,000 people who can't cash out? There is your answer.

It's volatile because the ratio of price/market cap to actual investment is to high.
2014 ratio of 3.11
2015 ratio of 3.26
2016 ratio of 2.30
2017 ratio of 0.91 for the September jump.
2017 ratio of 0.85 for the October jump. Almost 4x jump in gap between investment and market price than in 2015! That's an incredibly concerning metric.
November and December surged WAY harder so you would want to hope that money stayed in......

Any Govt can shut it down or regulate it and then BAM it all stops. China halted. Korea halted but they opened again after making trading changes and now it's getting hacked......

$20B is fuck all vs the hundreds of trillions in the banking sector meaning bitcoin has zero power. There is legitimate concern by banks for what cryptos can do but today things like Paypal are a larger threat to banks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 18, 2017, 01:30:30 PM
Quote from: Mayday on December 18, 2017, 01:00:35 PM
You are brainwashed dude. It's not a currency or money until  there is a large enough belief system that it's accepted and traded amongst the majority.

Food is more widely accepted globally as a currency/money yet i'm not walking around trying to pump people up about buying petrol with apples.....The gamble on cryptos is on a promise it will one day become money...... it's a promise, not a fact. Get off the websites and ask real world people if they have BTC and they'll say what's that.

Look at the page before and BTC might be around $20B real money floating a $400B price tag.  You want to know why it crashed 50% a while back? There is your answer. Want to know why it gets 15% pullbacks within hours? There is your answer. Want to know why 40% are held by 1,000 people who can't cash out? There is your answer.

It's volatile because the ratio of price/market cap to actual investment is to high.
2014 ratio of 3.11
2015 ratio of 3.26
2016 ratio of 2.30
2017 ratio of 0.91 for the September jump.
2017 ratio of 0.85 for the October jump. Almost 4x jump in gap between investment and market price than in 2015! That's an incredibly concerning metric.
November and December surged WAY harder so you would want to hope that money stayed in......

Any Govt can shut it down or regulate it and then BAM it all stops. China halted. Korea halted but they opened again after making trading changes and now it's getting hacked......

$20B is fuck all vs the hundreds of trillions in the banking sector meaning bitcoin has zero power. There is legitimate concern by banks for what cryptos can do but today things like Paypal are a larger threat to banks.

A few quick comments. China did not “halt bitcoins”. Nor did Korea. What they did was ban and/or regulate exchanges. The bitcoins themselves continue to exist. And peer to peer trading cannot be stopped in any case (theoretically legal yes a country could make ownership “illegal” (indeed the US tried this once with gold), but practically it’s close to impossible). Which is of course why no country has banned peer to peer trading and further why increasingly trading is becoming regulated (hence legitimized) - see earlier discussions.

As for what can be a currency, the answer is anything people collectively choose to be and agree on. Can be marbles in a school yard. Gold among pirates. Bone carvings or feathers among native tribes. Pokémon cards etc.

The fact that food is more widely accepted as a currency by no means negates the fact that non-food items can also function as currencies. Again yes I would rather eat a banana than a lump of gold. That does not mean gold cannot function as a store of value.

Yes bitcoin has been volatile. Not one person here would disagree with you on that. So are many other assets, some more than others. Overall to date, buy and hold has served bitcoin investors very very well.

I already replied to the comment on an asset’s market cap cf amount invested in it. See earlier post above. Nothing unique to btc. Any asset that has risen in value inherently has this phenomenon.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 18, 2017, 02:24:35 PM
Quote from: gib on December 18, 2017, 12:59:58 PM
In the interests of a good discussion I need to correct this comment slightly.

CME Group has a margin requirement of 35% for bitcoin futures. And Cboe has 40%. But the main point is correct- these are high margins. (Usual might be 5%, for example for an S&P futures contract).

The most important point though, is that futures trading is a further step toward legitimizing btc, and in theory should help reduce volatility over time.


40 % of Bitcoins are owned by people who basically got them for nothing so where has the actual cash for these margins come from?

The majority of the transactions and purchases also still occur on online exchanges.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on December 18, 2017, 02:40:12 PM
Sold my Litecoin for a 3 and a half bagger and put the money into Ether.

Been researching and getting a feel for the general consensus for the past couple weeks and I think I can turn a potential 5 bagger out of it over the coming year.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 18, 2017, 03:22:07 PM
Quote from: Griffith on December 18, 2017, 02:24:35 PM


40 % of Bitcoins are owned by people who basically got them for nothing so where has the actual cash for these margins come from?

The majority of the transactions and purchases also still occur on online exchanges.

The cash has come from people who want to buy bitcoins from existing owners. Just like cash went into gold from people who wanted to own gold. Nothing mysterious there.

Yes in terms of volume transactions are done on exchanges. (Though for larger amounts 100k USD above there is a huge amount being done p2p, for a range of reasons).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: calfzilla on December 18, 2017, 03:34:04 PM
Which is a better buy, bitcoin or etherium (sp) ?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 18, 2017, 04:35:59 PM
Quote from: calfzilla on December 18, 2017, 03:34:04 PM
Which is a better buy, bitcoin or etherium (sp) ?

In my view btc (for reasons given earlier). BTC is functioning more as a store of value. Eth in theory had a purpose of supporting smart blockchain technology.

Don’t be fooled by people who say eth is “cheaper” as it has a lower nominal price - that is a nonsense argument (also already explained).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: calfzilla on December 18, 2017, 04:38:34 PM
So GIB do you really think bitcoin will make it to 100,000
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 18, 2017, 04:50:34 PM
Quote from: calfzilla on December 18, 2017, 04:38:34 PM
So GIB do you really think bitcoin will make it to 100,000

It’s certainly possible. Many are forecasting 40k by end of 2018. Again its certainly possible. Main question to ask yourself is whether you think more money will be invested in btc in the coming months/years. The volume of that trend will give you the answer.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on December 18, 2017, 05:07:46 PM
Quote from: Griffith on December 18, 2017, 02:24:35 PM


40 % of Bitcoins are owned by people who basically got them for nothing so where has the actual cash for these margins come from?

The majority of the transactions and purchases also still occur on online exchanges.

40%?  More like 80%.  Don’t forget that mining these slowed down dramatically years ago.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 18, 2017, 05:19:18 PM
Quote from: El Diablo Blanco on December 18, 2017, 05:07:46 PM
40%?  More like 80%.  Don’t forget that mining these slowed down dramatically years ago.

Not to mention that of 21m coins that will eventually be created, probably 6 million or so, whilst “existing” are essentially “lost”.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 18, 2017, 05:33:43 PM
Quote from: gib on December 18, 2017, 01:30:30 PM
A few quick comments. China did not “halt bitcoins”. Nor did Korea. What they did was ban and/or regulate exchanges. The bitcoins themselves continue to exist. And peer to peer trading cannot be stopped in any case (theoretically legal yes a country could make ownership “illegal” (indeed the US tried this once with gold), but practically it’s close to impossible). Which is of course why no country has banned peer to peer trading and further why increasingly trading is becoming regulated (hence legitimized) - see earlier discussions.

As for what can be a currency, the answer is anything people collectively choose to be and agree on. Can be marbles in a school yard. Gold among pirates. Bone carvings or feathers among native tribes. Pokémon cards etc.

The fact that food is more widely accepted as a currency by no means negates the fact that non-food items can also function as currencies. Again yes I would rather eat a banana than a lump of gold. That does not mean gold cannot function as a store of value.

Yes bitcoin has been volatile. Not one person here would disagree with you on that. So are many other assets, some more than others. Overall to date, buy and hold has served bitcoin investors very very well.

I already replied to the comment on an asset’s market cap cf amount invested in it. See earlier post above. Nothing unique to btc. Any asset that has risen in value inherently has this phenomenon.

Thanks for a sensibly written response.

The hurdle for Bitcoin is there is not a single Govt or Bank that says Bitcoin is great and they want to adapt it's platform.  Rather, there is now 90 of the biggest global banks (up from 30) who announced they will adopt the Ethereum platform for bank to bank transfers (on a private network).  That one thing alone killed any chance bitcoin had of becoming the next big thing as a global currency.

What i think there is a lack of appreciation for, is the billions of dollars in IT projects required to create the Ethereum payment platform on a global scale. More money will be spent creating a system that actually works than what real money sits in bitcoin today....... and therein lies the question nobody is asking which is who will fund the billions to create a Bitcoin payment network on a global scale if the people with the ability to fund it are using something else?  


Your example on currency entirely supports my position that there is a lack of mass belief of Bitcoin. It promises a global system therefore it needs 7B people to believe in it. This isn't a schoolyard or pirates (ironic you mention thieves trading lol). Gold isn't even money despite the trillions invested in it. Don't think they didn't try a digital Gold system because it has already been done and pushed heavily yet died a quick death..... that was a digital currency backed by physical gold yet it wasn't widely accepted and died vs a crypto that is backed by nothing and has no purpose except for another average Joe to believe that it has a purpose...... playing with fire dude.


The dollars invested also expose the BS. It takes $15B invested to get to $40k using JPM data to model predictions. But they are telling you we need $400B..... because of the market cap being $400B...... why don't these billionaire's understand how market cap calculation works?  

The heaviest pusher who is a billionaire is creating a hedge fund for $500M using $150M of his own cash...... this guy made $250m on his big crypto trade. He puts 60% back in and removes the rest because he believes it's such a once in a lifetime opportunity LOL. Did you see what he did there?

Stop and think about what the tops dogs are doing vs what is being said because it isn't marrying up.


Having said that, i won't be surprised to see Bitcoin hit $100k. I won't be surprised to see Bitcoin hit $1k or less. If it can stabilise at $17k-$18k for a few months it will be ok to hit $40k mid 2018 but i would pull out then because there will be a 20% pullback from that spike as people invested now remove their gains.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 18, 2017, 05:39:43 PM
Quote from: calfzilla on December 18, 2017, 04:38:34 PM
So GIB do you really think bitcoin will make it to 100,000

Some are saying it will reach 300-400K.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 18, 2017, 09:53:43 PM
As I predicted would start to happen (see earlier posts ...)

www.coindesk.com/hedge-fund-pro-bill-miller-just-about-50-percent-invested-in-bitcoin/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: calfzilla on December 18, 2017, 10:04:04 PM
Quote from: SF1900 on December 18, 2017, 05:39:43 PM
Some are saying it will reach 300-400K.

 :o

I don't think it will happen but you never know. I'm still kicking myself for not listening to Goodrum all those years ago.  :(
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on December 18, 2017, 11:01:35 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Costanza on December 19, 2017, 02:04:35 AM
Get out *right* now.



You've been warned by Costanza.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on December 19, 2017, 02:39:24 PM
Quote from: Costanza on December 19, 2017, 02:04:35 AM
Get out *right* now.



You've been warned by Costanza.

Why, is something about to happen?   ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on December 19, 2017, 03:11:16 PM
Quote from: Twaddle on December 19, 2017, 02:39:24 PM
Why, is something about to happen?   ???

i was mining bitcoins and yada yada yada i got out
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 19, 2017, 03:11:25 PM
Quote from: gib on December 18, 2017, 09:53:43 PM
As I predicted would start to happen (see earlier posts ...)

www.coindesk.com/hedge-fund-pro-bill-miller-just-about-50-percent-invested-in-bitcoin/

So his fund is valued at $154M of which he claims it consists of 50% bitcoin.

That is $77M value of bitcoin.

$18.5k/coin means he owns 4,162 coins.

He purchased at $350 therefore he paid $1.4M for his coins which are now valued at $77M at spot value......

Soooo the hedge fund has $2.1B in assets but invests a mere $1.4M into what is apparently the biggest thing since sliced bread..... they would spend more on stationary each year......


Are you beginning to understand what i am trying to tell you?

The people with all the world's money have fuck all in the system AND they are not buying. They are encouraging everybody else to buy in so they can GTFO........

Mike Novogratz invests 500k into Eth, makes $250M and sells out. He believes in crpyto so much he decides to REDUCE his investment by 40% and purchases $150M meanwhile asking others to chip in $350M to start a hedge fund with $500M. The guy is taking the piss.

It's smoke and mirrors right now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Tennisballz on December 19, 2017, 03:19:39 PM
Quote from: Mayday on December 19, 2017, 03:11:25 PM
So his fund is valued at $154M of which he claims it consists of 50% bitcoin.

That is $77M value of bitcoin.

$18.5k/coin means he owns 4,162 coins.

He purchased at $350 therefore he paid $1.4M for his coins which are now valued at $77M at spot value......

Soooo the hedge fund has $2.1B in assets but invests a mere $1.4M into what is apparently the biggest thing since sliced bread..... they would spend more on stationary each year......


Are you beginning to understand what i am trying to tell you?

The people with all the world's money have fuck all in the system AND they are not buying. They are encouraging everybody else to buy in so they can GTFO........

Mike Novogratz invests 500k into Eth, makes $250M and sells out. He believes in crpyto so much he decides to REDUCE his investment by 40% and purchases $150M meanwhile asking others to chip in $350M to start a hedge fund with $500M. The guy is taking the piss.

It's smoke and mirrors right now.
You're probably right about this.  The massively wealthy are always a step ahead of everyone else.  Even with that being said though, I stilk think you can make some good money with crypto currency.  The key will be getting out at the right time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 19, 2017, 03:29:01 PM
Quote from: Mayday on December 19, 2017, 03:11:25 PM
So his fund is valued at $154M of which he claims it consists of 50% bitcoin.

That is $77M value of bitcoin.

$18.5k/coin means he owns 4,162 coins.

He purchased at $350 therefore he paid $1.4M for his coins which are now valued at $77M at spot value......

Soooo the hedge fund has $2.1B in assets but invests a mere $1.4M into what is apparently the biggest thing since sliced bread..... they would spend more on stationary each year......


Are you beginning to understand what i am trying to tell you?

The people with all the world's money have fuck all in the system AND they are not buying. They are encouraging everybody else to buy in so they can GTFO........

Mike Novogratz invests 500k into Eth, makes $250M and sells out. He believes in crpyto so much he decides to REDUCE his investment by 40% and purchases $150M meanwhile asking others to chip in $350M to start a hedge fund with $500M. The guy is taking the piss.

It's smoke and mirrors right now.

Pretty much spot on.  All the big spec money has stopped coming in.  I said a few pages ago that the huge % gains and easy money has been made already.  You will see many cryptos (especially bitcoin) get whittled down more and more as the weeks go by.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 19, 2017, 03:33:18 PM
Quote from: calfzilla on December 18, 2017, 04:38:34 PM
So GIB do you really think bitcoin will make it to 100,000

If you read the previous posts Gib was predicting $1 million per bitcoin.  

So giddy, so euphoric, so childish, so delusional.  Pure fantasy.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on December 19, 2017, 03:35:58 PM
im investing as much as that dude

only my hedgefun is worth a little less, so it will be about a 5 dollars
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on December 19, 2017, 04:17:38 PM
Quote from: Mr Anabolic on December 19, 2017, 03:33:18 PM
If you read the previous posts Gib was predicting $1 million per bitcoin.  

So giddy, so euphoric, so childish, so delusional.  Pure fantasy.

I swear I'm gonna create a thread with the most delusional posts about bitcoin after all of this is over.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on December 19, 2017, 04:20:20 PM
its never over

bitcoin is the future just HODL!!

10 years from now it will be worth 1 million !
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 19, 2017, 04:27:29 PM
Quote from: el numero uno on December 19, 2017, 04:17:38 PM
I swear I'm gonna create a thread with the most delusional posts about bitcoin after all of this is over.

Will be amusing to go back and read all of it.  

Bubbles and human behavior are NEVER different, it's just the stories that are different.  Bubbles may go on for a while longer than people expect, but you always have the die-hard believers who think: "It's different this time!".    Guess what... it's NEVER different this time.  The Titanic was supposed to be "unsinkable"... how did that work out?

IMO, bitcoin is headed into the "denial" phase.

(https://einvestingforbeginners.com/wp-content/uploads/2014/02/bubble-phases.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on December 19, 2017, 04:56:46 PM
Quote from: gib on December 18, 2017, 05:19:18 PM
Not to mention that of 21m coins that will eventually be created, probably 6 million or so, whilst “existing” are essentially “lost”.

The Winkelvoss twins own about a million coins.  So do a few other early adopters. About 3-4 people own about 25% or maybe more.   Eventually they’ll cash out and walk away.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on December 19, 2017, 05:00:35 PM
 Bitcoin will get a second spike in the new year.  California will legalize weed sales but weed is still illegal at the fed level so banks aren’t allowed to their money. These dispensaries will have millions in cash each. They’ll want some security so they’ll dump it into bitcoin as a way to bank it. You’re talking about a potentially influx of billions of weed money in the next couple of years
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 19, 2017, 05:05:03 PM
Quote from: El Diablo Blanco on December 19, 2017, 05:00:35 PM
Bitcoin will get a second spike in the new year.  California will legalize weed sales but weed is still illegal at the fed level so banks aren’t allowed to their money. These dispensaries will have millions in cash each. They’ll want some security so they’ll dump it into bitcoin as a way to bank it. You’re talking about a potentially influx of billions of weed money in the next couple of years

I know... it's different this time because: ________________________   please fill in the blank.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on December 19, 2017, 05:09:06 PM
Quote from: Mr Anabolic on December 19, 2017, 05:05:03 PM
I know... it's different this time because: ________________________   please fill in the blank.

It’s wise because dispensaries can’t legally Bank their money.  They don’t want to be sitting on too much cash.  Their all bait for robberies.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on December 19, 2017, 09:24:38 PM
Bitcoin Cash just hit $9500 on Coinbase/GDAX and they halted trading. Price everywhere else for Bitcoin Cash? $3500...

DUMB money in the crypto currency space. MANY people with ZERO investing strategy putting a lot of capital in this market. Exchanges and big holders are the sharks. Nothing has changed from the old system. There will be people jumping from windows if Bitcoin Classic retraces to 10k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on December 19, 2017, 10:08:44 PM
Quote from: SOMEPARTS on December 19, 2017, 09:24:38 PM
Bitcoin Cash just hit $9500 on Coinbase/GDAX and they halted trading. Price everywhere else for Bitcoin Cash? $3500...

DUMB money in the crypto currency space. MANY people with ZERO investing strategy putting a lot of capital in this market. Exchanges and big holders are the sharks. Nothing has changed from the old system. There will be people jumping from windows if Bitcoin Classic retraces to 10k.

especially the people who took a large loan or a mortgage from their home...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 19, 2017, 11:27:40 PM
Quote from: Mr Anabolic on December 19, 2017, 03:33:18 PM
If you read the previous posts Gib was predicting $1 million per bitcoin.  

So giddy, so euphoric, so childish, so delusional.  Pure fantasy.

I have never made a prediction of btc price. Go back and re-read posts please. I have only ever stated facts in this thread please.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 19, 2017, 11:35:23 PM
And Mr A on the other hand stated ...

Quote from: Mr Anabolic on September 04, 2017, 08:26:09 AM
Me thinks $5000 was THE top.  Let's see if I'm right.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 20, 2017, 12:50:31 AM
Quote from: El Diablo Blanco on December 18, 2017, 07:23:16 AM
Warning gib.  I was involved in a class action suit against someone similar to you who promoted a stock in a pump and dump scam. They guy had to pay back more than he made.  Your cheerleading can get you in deep shit if this thing tanks and people can point fingers at you. There are 50 pages of you promoting this and claiming a million dollar per coin valuation.  Best you stop promoting and just stick with discussing gains. Stop predicting future process.

Thanks El D - OK - it looks like I better address some misunderstandings here in relation to the laws relating to "pump and dump scams" (both for you and the Grinch), though I know you guys mean well with the your comments/concerns.

First, an many parts of the world, (and certainly where I am based) laws that exist relating to the pump and dump simply don't exist. There are many many examples of acts that might be crimes in the US, but not in other countries, and in the vast majority of cases US law enforcement has no jurisdiction beyond the US.

Second, the "class action" procedure you refer to is relatively unique to the US (although it does exist in some other countries). Basically they involve a law firm bringing an (often speculative) civil action against an alleged civil wrongdoer on behalf of a group of affected (and allegedly harmed) individuals. (This procedure does not exist in the jurisdictions where I am based either).

in any case though, the key basis for a class action related to a pump and dump scam, is that someone who owed a person a fiduciary duty (eg usually a broker or financial advisor) and that the party who owed the fiduciary duty acted in a manner blatantly contrary to that obligation. (So, for example you have one part of the business advising clients to buy, whilst the other part of the business was making money on the sale in a manner entirely contrary to what the client was being advised). The product typically used for this is typically a small cap "penny stock" with low liquidity as its easy to "manipulate". Not a commodity or a currency, for obvious reasons. So for many reasons it would be extremely far-fetched to suggest that a P&D scam is being committed with BTC. Given BTC's collective use as a store of wealth it would have to be the biggest and broadest P&D scams ever (except perhaps for gold). Oh, and good luck "suing" Santoshi Nakamoto lol!

I am in a fiduciary relationship with no-one here. Further I am not acting contrary to anything I have written either. I am stating facts and helping educate people about BTC (and helping correct people who have made incorrect statements).

There has never been a civil or criminal action brought for anyone, even in a fiduciary position, related to a crypto currency advice. And if one was ever going to be brought, I doubt it would ever be brought an anonymous person, on "getbig", who made comments on a bodybuilding forum to other "getbiggers". Seriously, Lol!!!

Even if one was ever to do a P&D scam using crypto, BTC would be the worst coin to use, (given its market cap and liquidity). Rather one would use a much lesser-known and smaller market cap crypto currency. But in any case, the first types of criminal actions we will see related to crypto, will be against classic pyramid schemes using crypto as a method of value (eg companies that promote some extreme rate of return for every bitcoin you lend to them). Next might be actions related to ICOs (many issues here). So again, lol lol lol at the "risk" of any action against a getbigger who provides facts and shares views on the validity of BTC on a discussion forum.

Further, whilst we might think we are "special" here on Getbig, the types of discussions we are having here a being played out on literally hundreds of thousands of forums worldwide. If we ever see any P&D action related to BTC, it will not be related to a discussion on GetBig. Again, LOL LOL LOL.

For the above reasons it is also nonsense to suggest that "this thread should be deleted by the mods". And quite apart from that, there are actually many laws and legal arguments that protect internet platforms from legal liability for the topics that its members discuss. (Basically the argument is that they are a technology platform that enable people to discuss topics, but they take not responsibility for discussion content, and that in any case the importance of protection the right of freedom of speech should prevail). And to the extent GetBig did have liability for content, I think there would be far far more content of other natures that would take priority in terms of risk, if you get my drift.

In any case, everything I have stated is factually correct (go back and re-read what I have written - some of you here I am sure will have observed how carefully worded and well-written all of my posts are).

So in summary, nope, there is nothing illegal about any of my content, and nope, I doubt any mod will delete this thread.

I hope this is helpful. Both those who "pro" BTC, "anti" BTC, or who simply want more information should feel free to discuss. And even those who have made actual (incorrect) predictions on price and said things that are factually incorrect can sleep well and need not worry :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gh15 on December 20, 2017, 02:31:26 AM
^the 2 sites gtbig and gh15 are very special.. and it is because the current administration of the united states of America read them both!

unlike many other sites where is simply not the case,,

why you ask?

loj.. me.. is the reason,,

now with regard to bitcoin directly,, it is represrnting cashless society,, it will end up being this way the question is when..

it is howevr good investment to put some coins on the side,, just don't make out of it some big deal when its not,, its just not big deal as of first quarter of 21st century,, when cashless society become norm which is not anytime in your near future.. then! you can make a big deal out of it,,

gh15 approved
lion of Judah 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 20, 2017, 04:26:50 AM
Quote from: gib on December 19, 2017, 11:27:40 PM
I have never made a prediction of btc price. Go back and re-read posts please. I have only ever stated facts in this thread please.

Yes you did... many times.  $100K and $1,000,000. 

You're a delusional child, a liar and totally brainwashed like someone said earlier.  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 20, 2017, 04:28:36 AM
Quote from: Mr Anabolic on December 20, 2017, 04:26:50 AM
You're a delusional child and totally brainwashed like someone said earlier.   

And your basis for saying that is...?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 20, 2017, 04:30:18 AM
Quote from: gib on December 20, 2017, 04:28:36 AM
And your basis for saying that is...?

Funny how you never post when it crashes $2000-4000... only when it's going up.  Bozo.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on December 20, 2017, 04:33:25 AM
Quote from: Mr Anabolic on December 20, 2017, 04:30:18 AM
Funny how you never post when it crashes $2000-4000... only when it's going up.  Bozo.

he disappears when it goes down . . .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 20, 2017, 04:36:11 AM
Quote from: Mr Anabolic on December 20, 2017, 04:26:50 AM
Yes you did... many times.  $100K and $1,000,000.  

You're a delusional child, a liar and totally brainwashed like someone said earlier.  

Incorrect. Unlike you, if you read my posts carefully, I have never predicted a price.

What I did say (when the price was below 5k) was that this price could get to 10k by year end (which indeed happened).

I also said that the prices could get to 40k by end 2018 (noting that many others have predicted this).

And at all times I have explained the btc in any case cannot be valued (and hence it could get to any value depending on how much money flows in). Again all 100% correct.

What I have never done is stated as a fact what the price will be at a certain date. Again go re-read if you like (and apologies if I sound condescending but I do feel a need to correct incorrect statements).
 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 20, 2017, 04:38:01 AM
Quote from: Mr Anabolic on December 20, 2017, 04:30:18 AM
Funny how you never post when it crashes $2000-4000... only when it's going up.  Bozo.

Hmmm - I just did post didn’t I?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 20, 2017, 04:42:16 AM
But either way, my posting or not at certain times should not affect the validity and factual corectness of my posts should it? (Just as your name calling of others does not in anyway enhance or give validity to anything you post).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Eyeball Chambers on December 20, 2017, 04:43:51 AM
You made me $2200 and I cashed out Sat night. Keep up the good work Gib. Ignore the cock holsters
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 20, 2017, 04:50:22 AM
Quote from: gib on December 20, 2017, 04:42:16 AM
But either way, my posting or not at certain times should not affect the validity and factual corectness of my posts should it? (Just as your name calling of others does not in anyway enhanced or give validity to anything you post.

(http://rhishikeshagashe.com/wp-content/uploads/2017/08/BubbleChart-1024x688.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 20, 2017, 04:51:40 AM
Quote from: gib on December 20, 2017, 04:38:01 AM
Hmmm - I just did post didn’t I?

(http://rhishikeshagashe.com/wp-content/uploads/2017/08/BubbleChart-1024x688.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 20, 2017, 04:53:43 AM
Quote from: gib on December 20, 2017, 04:36:11 AM
Incorrect. Unlike you, if you read my posts carefully, I have never predicted a price.

What I did say (when the price was below 5k) was that this price could get to 10k by year end (which indeed happened).

I also said that the prices could get to 40k by end 2018 (noting that many others have predicted this).

And at all times I have explained the btc in any case cannot be valued (and hence it could get to any value depending on how much money flows in). Again all 100% correct.

What I have never done is stated as a fact what the price will be at a certain date. Again go re-read if you like (and apologies if I sound descending but I do feel a need to correct incorrect statements).
 

lol

You guys who are in these cryptos better sell while you can.  Lots of whales/insiders dumping ALL their blipcoins.

Litecoin founder cashes out.  Read his tweets below... hilarious and hypocritical comments.  A typical Ponzi-master at work.

http://www.zerohedge.com/print/609513 (http://www.zerohedge.com/print/609513)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 20, 2017, 05:50:35 AM
Quote from: SOMEPARTS on December 19, 2017, 09:24:38 PM
Bitcoin Cash just hit $9500 on Coinbase/GDAX and they halted trading. Price everywhere else for Bitcoin Cash? $3500...


I have the same number of bitcoin cash as I have of bitcoins (as I bought bitcoin before bitcoin cash offshoot was issued on a 1:1 basis). Some of my friends sold their bcc at the time. I plan on keeping every bitcoin derivative that gets issued.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 20, 2017, 06:04:53 AM
Quote from: Eyeball Chambers on December 20, 2017, 04:43:51 AM
You made me $2200 and I cashed out Sat night. Keep up the good work Gib. Ignore the cock holsters

Great to hear!

Yes all good and no worries - I’m ok with any comments people post. A lot of confusion out there and some jealously and envy too I suspect. It’s an entirely fine decision not to invest in bitcoins (or any other asset for that matter) and those who choose not to invest should not feel silly or attacked just because others have made good money doing so. There is no need for any non investor to feel bitter or defensive. We should be happy for anyone who does well regardless of their investment choices.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 20, 2017, 06:29:17 AM
Quote from: gib on December 20, 2017, 06:04:53 AM
Great to hear!

Yes all good and no worries - I’m ok with any comments people post. A lot of confusion out there and some jealously and envy too I suspect. It’s an entirely fine decision not to invest in bitcoins (or any other asset for that matter) and those who choose not to invest should not feel silly or attacked just because others have made good money doing so. There is no need for any non investor to feel bitter or defensive. We should be happy for anyone who does well regardless of their investment choices.


You're not paying attention

(http://rhishikeshagashe.com/wp-content/uploads/2017/08/BubbleChart-1024x688.jpg)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: JAGO on December 20, 2017, 06:44:59 AM
This dick will keep posting in this thread until someone tells him he is correct. Lets hope his Mom posts here.

J
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 20, 2017, 08:04:35 AM
Quote from: JAGO on December 20, 2017, 06:44:59 AM
This dick will keep posting in this thread until someone tells him he is correct. Lets hope his Mom posts here.

No one needs to tell me I am correct.  It's only a matter of time.  Everything I have posted here will be validated eventually.  History and human emotion prove it.

My main purpose is to warn people here not to buy into this largest bubble of all time.  There will be lots of bag holders... LOTS of them.

Yes, I will keep posting here whether you are annoyed or not.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 20, 2017, 08:27:08 AM
Some financial expert just said that bitcoin can reach 500k by next year.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: mazrim on December 20, 2017, 08:32:25 AM
Bitcoin or Chuck E Cheese coin? Which is better?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on December 20, 2017, 08:35:49 AM
oh.. and 15,900
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 20, 2017, 08:37:11 AM
http://www.bbc.com/news/technology-42425857

'Bitcoin Cash deals frozen as Insider Trading is Probed'
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on December 20, 2017, 08:37:26 AM
Whats the over/under on number of people in the world jumping off rooftops when they realize how much paper profit they had only to sell at a loss once this thing crashes to below their purchase price?

Paper profits = worthless
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on December 20, 2017, 08:39:23 AM
Quote from: mazrim on December 20, 2017, 08:32:25 AM
Bitcoin or Chuck E Cheese coin? Which is better?

Have to say.. had some freakin awesome times with CEC coin back in the day playing Dragon's Lair.... for some reason they were the only ones that had the game...

(https://images8.alphacoders.com/671/thumb-350-671750.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 20, 2017, 09:17:00 AM
Quote from: SF1900 on December 20, 2017, 08:27:08 AM
Some financial expert just said that bitcoin can reach 500k by next year.

Financial "experts" also said to buy tech stocks during 1999 and housing prices would never go down in 2005.

An expert like him should be on his yacht right now, with 3-5 naked women, sipping a mojito, not pimping blipcoins on tee-vee.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dan-O on December 20, 2017, 11:14:51 AM
Quote from: TheGrinch on December 20, 2017, 08:39:23 AM
Have to say.. had some freakin awesome times with CEC coin back in the day playing Dragon's Lair.... for some reason they were the only ones that had the game...

(https://images8.alphacoders.com/671/thumb-350-671750.jpg)

Right??!  It was the same thing in Denver back in the day.  I spent so much time in CEC just for Dragon's Lair.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 20, 2017, 11:52:30 AM
Quote from: Griffith on December 20, 2017, 08:37:11 AM
http://www.bbc.com/news/technology-42425857

'Bitcoin Cash deals frozen as Insider Trading is Probed'

Government will eventually put the kibosh on all of it.  All cryptos that are not government controlled will be illegalized and go to zero.  So, SELL NOW WHILE YOU STILL CAN!

FEDCOIN is coming.  An all digital currency is their ultimate goal.  Governments will be able to track and tax EVERYTHING.  No more anonymity with physical cash, and no more "under the table" transactions.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on December 20, 2017, 12:12:18 PM
Quote from: Mr Anabolic on December 20, 2017, 11:52:30 AM
Government will eventually put the kibosh on all of it.  All cryptos that are not government controlled will be illegalized and go to zero.  So, SELL NOW WHILE YOU STILL CAN!

FEDCOIN is coming.  An all digital currency is their ultimate goal.  Governments will be able to track and tax EVERYTHING.  No more anonymity with physical cash, and no more "under the table" transactions.



BINGO.... you will be chipped and tracked electronically as well
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on December 20, 2017, 12:34:02 PM
where can i buy som fedcoin before everybody else does  ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 20, 2017, 01:23:02 PM
Quote from: Mr Anabolic on December 20, 2017, 11:52:30 AM
Government will eventually put the kibosh on all of it.  All cryptos that are not government controlled will be illegalized and go to zero.  So, SELL NOW WHILE YOU STILL CAN!

FEDCOIN is coming.  An all digital currency is their ultimate goal.  Governments will be able to track and tax EVERYTHING.  No more anonymity with physical cash, and no more "under the table" transactions.


Partially correct. Yes a Fed Coin is coming. And yes that it will be traceable and traceable. Not just that but the coin will have restrictions on how it can be used, customised for individuals (eg a welfare recipient will not be able to use to buy alcohol, for example) -  not necessarily a bad thing. But many will greatly fear the greater oversight and control. As explained before, what this will do is drive demand for a decentralised peer to peer currency like bitcoin. Indeed the fact that all banking transactions are already electronic and hence trackable is what is in part already driving bitcoin demand.

Further, a fed coin will only serve to enhancemen awareness of the masses of the Government’s ability to print money at will, which again will drive independent and mathematically limited stores of value like bitcoin.

It will however not be possible, from a technical perspective, to “ban bitcoin”, again for reasons explained previously. And as also explained the world is a lot bigger than just the US, and bitcoin is used globally.

So yes, a fed coin is coming. How this will affect the value of bitcoin is unclear. One can certainly make arguments that a fedcoin and bitcoin would co-exist, with bitcoin rising as a consequence. Time will tell.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 20, 2017, 01:26:49 PM
Quote from: TheGrinch on December 20, 2017, 08:37:26 AM
Whats the over/under on number of people in the world jumping off rooftops when they realize how much paper profit they had only to sell at a loss once this thing crashes to below their purchase price?

Paper profits = worthless

I know your point, but the irony is that the “paper money” you are referring to is becoming increasingly worthless as it continues to be printed and devalued. A better example might be to talk about other assets that could be purchased with the gains.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 20, 2017, 01:29:07 PM
Quote from: Mr Anabolic on December 20, 2017, 08:04:35 AM
No one needs to tell me I am correct.  It's only a matter of time.  Everything I have posted here will be validated eventually.  History and human emotion prove it.

My main purpose is to warn people here not to buy into this largest bubble of all time.  There will be lots of bag holders... LOTS of them.

Yes, I will keep posting here whether you are annoyed or not.

That’s the spirit. Yes please keep the discussion going. You have been providing some good material. I’m getting quite a few PMs from people who are following and really enjoying the discussion.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 20, 2017, 01:43:29 PM
Quote from: gib on December 20, 2017, 01:29:07 PM
That’s the spirit. Yes please keep the discussion going. You have been providing some good material. I’m getting quite a few PMs from people who are following and really enjoying the discussion.

Stop lying.  NO ONE is sending you PM's regarding bitcoin or this thread.

You'll continue to be condescending and dismissive towards me as bitcoin heads all the way back down below $1000.  The mind boggling thing is you'll ride it all the way back down without taking any profits.  It's absurd, but predictable.  

Again, I will continue to refer you to this bubble chart.  We are approaching the "denial" phase.  Don't ever say I didn't warn you.
 

(https://people.hofstra.edu/geotrans/eng/ch7en/conc7en/img/stages_bubble.png)


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 20, 2017, 01:51:02 PM
Quote from: gib on December 20, 2017, 01:23:02 PM
It will however not be possible, from a technical perspective, to “ban bitcoin”, again for reasons explained previously. And as also explained the world is a lot bigger than just the US, and bitcoin is used globally.

Government can do ANYTHING it wants to.  They enact laws and they have the police, military and court systems to enforce it all. 

You're not thinking clearly, critically or realistically because the crypto Kool-Aid has inebriated your brain.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 20, 2017, 02:33:38 PM
Quote from: Mr Anabolic on December 20, 2017, 01:51:02 PM
Government can do ANYTHING it wants to.  They enact laws and they have the police, military and court systems to enforce it all. 

You're not thinking clearly, critically or realistically because the crypto Kool-Aid has inebriated your brain.
And you think that's a good thing?? Just trying to see why that is so great to have a government that can do whatever they want?

And I have news for you, they can't do whatever they want. Their just humans like everyone else and their shit stinks like everyone else. Why the fuck are you putting the government employees up on a pedestal?? Fuck that shit. They work for you and make sure they know that!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 20, 2017, 02:37:05 PM
Quote from: Mr Anabolic on December 20, 2017, 01:43:29 PM
Stop lying.  NO ONE is sending you PM's regarding bitcoin or this thread.

You'll continue to be condescending and dismissive towards me as bitcoin heads all the way back down below $1000.  The mind boggling thing is you'll ride it all the way back down without taking any profits.  It's absurd, but predictable.  

Again, I will continue to refer you to this bubble chart.  We are approaching the "denial" phase.  Don't ever say I didn't warn you.
 

(https://people.hofstra.edu/geotrans/eng/ch7en/conc7en/img/stages_bubble.png)

OMG, you want to believe crypto currencies are going away and you are very stubborn. You are going to keep your point of view to prove a point. You're biting your nose to spite your face. You are angry because you are missing out on an opportunity. Digital currencies are not going away - unless there is WW3. But then you won't care about any currency (fiat or crypto) because survival (if you are that unlucky) will be your only concern.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 20, 2017, 02:39:42 PM
Quote from: gib on December 20, 2017, 01:29:07 PM
That’s the spirit. Yes please keep the discussion going. You have been providing some good material. I’m getting quite a few PMs from people who are following and really enjoying the discussion.
Would you convert Ethereum to Bitcoin Cash at this point? Because of the insider trading accusations at Coinbase I am careful before jumping into BCH.  I see Ethereum going up quite a bit next year so in the longrun makes no difference probably.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on December 20, 2017, 02:39:52 PM
Quote from: Mr Anabolic on December 20, 2017, 09:17:00 AM
Financial "experts" also said to buy tech stocks during 1999 and housing prices would never go down in 2005.

An expert like him should be on his yacht right now, with 3-5 naked women, sipping a mojito, not pimping blipcoins on tee-vee.

Housing prices haven't gone down where I live.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 20, 2017, 02:43:51 PM
Quote from: gib on December 20, 2017, 01:26:49 PM
I know your point, but the irony is that the “paper money” you are referring to is becoming increasingly worthless as it continues to be printed and devalued. A better example might be to talk about other assets that could be purchased with the gains.

And this is another fallacy which i will try and clear up for you.

Currency, actual printed physical notes which are the real life money make up around 2% of the Financial system.

It is the leverage mechanism we have in place that allows the expansion of the money supply.

The idea that there is no digital money is laughable. It's 98% leverage which is done digitally......that is, the money doesn't technically exist except in the formulas which is why the GFC was so fucking horrific. We saw that 98:2 leverage come undone and because it's all based on algorithms run on computers it went at lightspeed causing things to collapse overnight.

The difference with cryptocurrencies is they are outside of the leverage system because it's decentralised. Using the crypto speak term, it cannot be double spent unlike today's money which for every $1 we spend it roughly 49 times.....


When the central banks launch their own crypto's the difference to theirs to these decentralised cryptos is they will peg it to their existing base currency which WILL be in the financial system that allows a 98:2 leverage rate. So it will behave the same.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 20, 2017, 02:44:02 PM
Can Governments Ban Bitcoin Effectively?

Summary

Bitcoin is into limelight again as it broke the previous life time high and crossed $5000 mark convincingly, after the "China driven" meltdown.

Experts and charts suggest further upside potential for Bitcoin.

Ultimate resistance from Governments is yet to come.

Since China banned ICO's and closed down some of its crypto currency exchanges, the question of "Ultimate Ban of Bitcoin" is there in the mind of most of the crypto investors. Can governments or international government organizations implement their own centralized crypto currencies and ban the mining or ownership of open decentralized ones like Bitcoin and Litecoin? Answer to this question is crystal clear and straight forward. Yes, they can. But the unanswered part of the question is, how effectively they can destroy Bitcoin.

Let us discuss about the methods possible for any government or international government organizations to act against Bitcoin. Below are the four possibilities I could imagine.

1. Direct Attack on Bitcoin by Laws

2. Direct Attack on Bitcoin Network

3. Virtual Attack on Bitcoin

4. Destabilize the Value of Bitcoin
1. Direct Attack on Bitcoin by Laws

This form of attack is the most feasible, time tested way to attack Bitcoin. Laws can be made by governments to either support Bitcoin or to destroy Bitcoin's acceptance. Democratic governments like Australia, Switzerland etc have regulated Bitcoin, which helped more mainstream adoption of Bitcoin and other cryptocurrencies. But authoritarian governments like China have implemented laws to directly attack Bitcoin.

This is done by implementing anti money laundering laws to ban entities that allow Bitcoin to interface or exchange with the "real" (non-Bitcoin) world. We have seen from the price history that Bitcoin market is negating such events in long run as it anticipates much movements from authoritarian governments. But if a similar movement from USA or Australia, would damage the whole crypto space.

So in nutshell, a rich, powerful, hostile government could probably do quite a bit of damage to the Bitcoin economy, even if they cannot actually touch the technical foundation of the cryptocurrency - the blockchain.

https://seekingalpha.com/article/4113723-can-governments-ban-bitcoin-effectively
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 20, 2017, 02:52:05 PM
Quote from: Mr Anabolic on December 19, 2017, 03:29:01 PM
Pretty much spot on.  All the big spec money has stopped coming in.  I said a few pages ago that the huge % gains and easy money has been made already.  You will see many cryptos (especially bitcoin) get whittled down more and more as the weeks go by.

Look at what has unfolded last night and it is an example that my numbers are pretty much ballpark meaning my comments are also on the money.

Bitcoin Cash surges like a bastard...... and it's actually got support now because it was fucking voltaile during those first surges (swings of 20%+).

Bitcoin goes down.....

WTF would bitcoin go down if there is all this money and support for it?

The behaviour in the prices shows you the volatility of the overall market and the limited funds in the overall market pool. Money is not flowing in to keep prices steady, it's staying the same and moving around coin to coin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 20, 2017, 03:14:26 PM
Quote from: obsidian on December 20, 2017, 02:39:42 PM
Would you convert Ethereum to Bitcoin Cash at this point? Because of the insider trading accusations at Coinbase I am careful before jumping into BCH.  I see Ethereum going up quite a bit next year so in the longrun makes no difference probably.

Pick something you believe in and are confident of.

Also consider what the data of each coin tells you.

Nothing wrong with switching things around but be wary of jumping over willy nilly as most people generally jump AFTER the gains are done. Then they see their previous holdings jump and switch back AFTER that's done to and wind out missing out on any increase.....


I suggest you look at the trading volumes to get an idea of the potential monetary flows.

Bitcoin cash was 1.5B/day now at 12B/day.  Bitcoin is 16B/day as a comparison. So there is enough 'interest' in Bitcoin cash to get fucking close to Bitcion if the volume keeps up and price increases.  

Volume is holding this hour around 11.5B which tells me it might head for $5k today.

If volume backs off to 8B i'd expect a 10% pullback give or take and it should settle at 3.5B volume if it holds a $4k pricepoint.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on December 20, 2017, 03:21:27 PM
I wish I had paid attention to this Bitcoin shit.  I heard a little about it years ago and thought it sounded stupid so I tuned it out. 

Now it's probably too late.  As soon as I buy in the bubble will burst and I'll lose my ass, lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 20, 2017, 03:37:32 PM
Quote from: Mr Anabolic on December 20, 2017, 01:43:29 PM
Stop lying.  NO ONE is sending you PM's regarding bitcoin or this thread.


I hereby give permission to mods to verify whether or not I’m getting PM’s (I assure you I am). I could also provide screenshots of PMs but don’t want to compromise confidentiality.

But either way, even assuming I’m not being PMed that should not be a relevant factor in the validity of the information I am posting here.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 20, 2017, 03:40:10 PM
Quote from: Mr Anabolic on December 20, 2017, 01:51:02 PM
Government can do ANYTHING it wants to.  They enact laws and they have the police, military and court systems to enforce it all. 

You're not thinking clearly, critically or realistically because the crypto Kool-Aid has inebriated your brain.

Like how they banned gold you mean? Or how they control guns? Or how they stop drugs you mean?

And which government of the hundreds of countries that exist are you referring to exactly...? No government can defeat mathematics.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on December 20, 2017, 04:01:30 PM
when bitcoins crash there will be no need for government to interfer
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 20, 2017, 04:16:31 PM
Quote from: gib on December 20, 2017, 03:40:10 PM
Like how they banned gold you mean? Or how they control guns? Or how they stop drugs you mean?

And which government of the hundreds of countries that exist are you referring to exactly...? No government can defeat mathematics.

The gun industry is around $45B for manufacturing and sales annually. Then you have training and facilities on top of that. To the rest of the world it's appears that every single American alive loves guns and will die before they let the Govt take them away. This employs tens of thousands of people who pay taxes.

Gold market is worth $7 Trillion worldwide and the largest exchange run by the world's largest bank is in the US - JPM.

You are comparing those to Bitcoin:
Bitcoin is $20B (probably less now that it's gone down 10%......) of which the US is a 35% share meaning there is probably $7B US ownership in Bitcoin.
40% owned by people who paid fuck all for it.
It's been called a fraud by the largest banks and heads of Finance - in regards to how it's being sold to the public (because it is a fraud, i'm just hoping to make money off of it LOL).

It's not on the radar yet because the real cash investment is abysmally low......so nobody gives a shit about it's impact because there is none except in the minds of the plebs like you thinking it's an actual global currency lol.

If investment was actually anything worth worrying about they'd have regulated it by now.


Nobody defeats mathematics, they use it to go around problems.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on December 20, 2017, 06:17:13 PM
Quote from: Mayday on December 20, 2017, 02:43:51 PM
When the central banks launch their own crypto's the difference to theirs to these decentralised cryptos is they will peg it to their existing base currency which WILL be in the financial system that allows a 98:2 leverage rate. So it will behave the same.

1. Do you honestly see these folks launching anything that isn't printed on paper?

(http://thechronicleherald.ca/sites/default/files/imagecache/ch_article_main_image/articles/B97566432Z.120160409092405000GCLD73JS.21.jpg)

Look at them for a fucking second! Do you think that they have an inkling as to what is going on? They can barely send an email for peace sake!

2. Even if someone in the government is smart enough to create a crypto, NO politician will have the audacity to one-up the business community. The US government is not in the business of competing with the likes of Wells Fargo on wire fees.

The only role the US government can play in all of this is that of passive spectator just like they did with the internet. These technologies are too vast and free for them to be able to do anything about it. Yes, much like in the mid 90s, when music executives were on every TV show threatening people to take them to court if they had the balls to download a single song from Napster, we are seeing advancement the likes of single-minded US businessmen cannot comprehend.

This isn't going away.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on December 20, 2017, 06:26:36 PM
(https://pbs.twimg.com/media/DRgWqG-X4Aci3-Z.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 20, 2017, 08:22:06 PM
Quote from: Slapper on December 20, 2017, 06:17:13 PM
1. Do you honestly see these folks launching anything that isn't printed on paper?

Look at them for a fucking second! Do you think that they have an inkling as to what is going on? They can barely send an email for peace sake!

2. Even if someone in the government is smart enough to create a crypto, NO politician will have the audacity to one-up the business community. The US government is not in the business of competing with the likes of Wells Fargo on wire fees.

The only role the US government can play in all of this is that of passive spectator just like they did with the internet. These technologies are too vast and free for them to be able to do anything about it. Yes, much like in the mid 90s, when music executives were on every TV show threatening people to take them to court if they had the balls to download a single song from Napster, we are seeing advancement the likes of single-minded US businessmen cannot comprehend.

This isn't going away.

1. So because you have no data nor any idea how monetary systems work, your best argument is to post a picture from google images and say 'look how old they are, they don't know what's going on'........... ok
2. Who is this 'business community' you refer to?  The business community isn't crying out for bitcoin because they already have legal tender you dolt. The only people crying out that we need bitcoin as a currency are the people who bought it at $0.01 each and the people who paid $18,000 each LMAO.  

The banks are adopting blockchain on a private network to cover B2B transfers and it's Ethereum, not Bitcoin.  

Nobody said it's going away, in fact everybody is saying blockchain is awesome and we know that banks, Govt and big business are adopting the technology. Who is telling you blockchain is going away because they are misinformed.


Where you guys are going wrong with Bitcoin is you were easily sold on the belief it was a global currency/money. It's an impossible ask. Cryptos will be a form of exchange but it's to do with piggy backing off the existing monetary market to increase speed and ease of transfer.

Whilst you guys keep banging the global currency drum you are failing to see the real market for blockchain is in banks/utilities/telco....... that's where the importance of blockchain technology lies where they can transmit payments faster than before including across countries without dealing with exchange rates.


I can kill your bitcoin in one swoop with this one question.

You guys claim the webstores, amazon, ebay etc will all accept bitcoin. Cafe's, restaurants, small business will accept bitcion etc..... ok so lets assume we wake up tomorrow and they all accept bitcoin. Answer me how do they then manage their bitcoins with a banking system based on the Ethereum platform........  


FWIW i already said i am heavily invested in cryptos but i have a different outlook as to their function.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 20, 2017, 09:26:34 PM
Only being able to handle 4 transfers per second and delay times of sometimes days are quite serious obstacles for Bitcoin if it was to be used as a currency.
Another issue is the high transfer costs.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on December 20, 2017, 09:40:39 PM
Quote from: jr on December 20, 2017, 09:34:27 PM

:D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 20, 2017, 09:51:45 PM
Quote from: jr on December 20, 2017, 09:34:27 PM


thats fucking funny!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 20, 2017, 10:15:20 PM
Quote from: Griffith on December 20, 2017, 09:26:34 PM
Only being able to handle 4 transfers per second and delay times of sometimes days are quite serious obstacles for Bitcoin if it was to be used as a currency.
Another issue is the high transfer costs.

True. Yet for gold as a comparison the numbers of transfers are way less then 4 a second. And the commissions on gold transfers are higher. Let alone the inability to send a piece of gold to anywhere and anyone in the world in seconds.

And of course bitcoin can (and will be) modified in any case to address these issues (like the bitcoin cash offshoot for example).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 20, 2017, 10:18:17 PM
Quote from: jr on December 20, 2017, 07:18:29 PM
(https://pbs.twimg.com/media/DRZkHuCWAAADGNr.jpg)

Should be 2 in Q4 2017 since Steam stopped accepting bitcoin.

Vs pretty much zero acceptance by ecommerce merchants of gold or silver ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 20, 2017, 10:21:31 PM
Reality is that bitcoin is becoming the digital version of gold. Time will tell if bitcoin get adapted for more frequent and volume transactions.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 20, 2017, 10:54:02 PM
Quote from: gib on December 20, 2017, 10:21:31 PM
Reality is that bitcoin is becoming the digital version of gold. Time will tell if bitcoin get adapted for more frequent and volume transactions.

but for 56 pages you just said bitcoin was currency/money..... now you say it cant handle the speed of cash transactions and now you say its actually Gold.....

So you now believe the $20B is taking over the $7T gold market..... when?

Do you say this because a billionaire who just reduced his investment in cryptos by 40% tweeted 'trust me its the same as gold'? 

Do you also believe the inventor of litecoin sold all his holdings because people were tweeting mean things? fuck me dead thesw billionaires are doing a number on you people.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 21, 2017, 12:55:43 AM
Quote from: gib on December 20, 2017, 10:21:31 PM
Reality is that bitcoin is becoming the digital version of gold. Time will tell if bitcoin get adapted for more frequent and volume transactions.

So what do you secretly know that the co-founder of bitcoin doesn't?

He says it's useless and has no purpose and told everybody to sell.

You are 56 pages and still saying it's a currency/money and now claiming it's gold.

What do you know more than the co-founder of Bitcoin who just told you it's useless?  If he was on this forum (lets say he is me) and he told you it's not money, not gold, useless, what would you want to say to the CO-FOUNDER OF BITCOIN?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 21, 2017, 02:13:32 AM
Quote from: gib on December 20, 2017, 10:15:20 PM
True. Yet for gold as a comparison the numbers of transfers are way less then 4 a second. And the commissions on gold transfers are higher. Let alone the inability to send a piece of gold to anywhere and anyone in the world in seconds.

And of course bitcoin can (and will be) modified in any case to address these issues (like the bitcoin cash offshoot for example).

Amazon alone has nearly 500 transactions per second. Any modifications to Bitcoin would require another hard fork and the issuing of a new cryptocurrency.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 21, 2017, 02:30:11 AM
Quote from: Griffith on December 21, 2017, 02:13:32 AM
Amazon alone has nearly 500 transactions per second. Any modifications to Bitcoin would require another hard fork and the issuing of a new cryptocurrency.


The Co-Founder of Bitcoin said himself it can't be done and is useless. He had even told everybody to sell bitcoin LOL. But here is the kicker, he said only Bitcoin Cash solves those issues.....

Sooooo it's a case of hey this crypto will become a global currency.... sorry it actually doesn't work.... but don't worry, we created this spin off that fixed all the problems the first one had and this one will become a global currency....

Fuckers should be jailed. Poor people like gib who don't understand monetary systems have been swindled crazy hard.

Steal a car, get 5 years in jail. Swindle $20B, get 1M likes on facebook.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on December 21, 2017, 03:08:42 AM
Quote from: Mayday on December 21, 2017, 02:30:11 AM
The Co-Founder of Bitcoin said himself it can't be done and is useless. He had even told everybody to sell bitcoin LOL. But here is the kicker, he said only Bitcoin Cash solves those issues.....

Sooooo it's a case of hey this crypto will become a global currency.... sorry it actually doesn't work.... but don't worry, we created this spin off that fixed all the problems the first one had and this one will become a global currency....

Fuckers should be jailed. Poor people like gib who don't understand monetary systems have been swindled crazy hard.

Steal a car, get 5 years in jail. Swindle $20B, get 1M likes on facebook.

Not at all.

He's always very objective with his investment decisions. Its been a key to his success.

He is a very conservative investor. He always build in safety margins when valuing assets.

He does function at a very high level financially.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 21, 2017, 03:42:26 AM
Quote from: el numero uno on December 21, 2017, 03:08:42 AM
Not at all.

He's always very objective with his investment decisions. Its been a key to his success.

He is a very conservative investor. He always build in safety margins when valuing assets.

He does function at a very high level financially.

No. He doesn't understand monetary systems.

People make money without understanding systems all the time. No issue with me there.

By all means there is money to be made. Some will make lots for all the right reasons. Some will make lots for all the wrong reasons.


The co-founder of bitcoins told everybody to sell and that it's a dog.

The founder of Litecoin sold his holdings and bailed out.

A Director in a $2.1B asset value hedge fund holds $1.4M and is thinking of selling.

The largest trade of an ex fund manager putting in 500k, selling for $250M decided he will only re-invest $150M back into cryptos.


gib unfortunately has been sucked in due to lack of understanding of monetary systems as he believes that bitcoin is a global currency and gold. Even when the co-founder says that is not true, gib is unfortunately unable to recognise that input.   I think it's extremely unfair for gib and people like gib to suffer. I hope for his sake he gets out early enough to make some profit and enjoy it  :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 21, 2017, 03:53:27 AM
Quote from: gib on December 20, 2017, 03:40:10 PM
No government can defeat mathematics.

Pure cognitive dissonance.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 21, 2017, 04:07:37 AM
Quote from: Mayday on December 21, 2017, 03:42:26 AM
No. He doesn't understand monetary systems.

People make money without understanding systems all the time. No issue with me there.

By all means there is money to be made. Some will make lots for all the right reasons. Some will make lots for all the wrong reasons.


The co-founder of bitcoins told everybody to sell and that it's a dog.

The founder of Litecoin sold his holdings and bailed out.

A Director in a $2.1B asset value hedge fund holds $1.4M and is thinking of selling.

The largest trade of an ex fund manager putting in 500k, selling for $250M decided he will only re-invest $150M back into cryptos.


gib unfortunately has been sucked in due to lack of understanding of monetary systems as he believes that bitcoin is a global currency and gold. Even when the co-founder says that is not true, gib is unfortunately unable to recognise that input.   I think it's extremely unfair for gib and people like gib to suffer. I hope for his sake he gets out early enough to make some profit and enjoy it  :)


Gib is obviously a liberal.  When you're debating with a liberal, facts don't matter.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on December 21, 2017, 06:44:59 AM
Quote from: Mayday on December 20, 2017, 08:22:06 PM
1. So because you have no data nor any idea how monetary systems work, your best argument is to post a picture from google images and say 'look how old they are, they don't know what's going on'........... ok

I don't get why you spend so much time telling people (me and others) they have "no idea" about monetary systems in reference to the picture I posted... I really don't. What I do know is that the FR's exes and current chairwoman, based on what they've publicly stated about cryptos, have no frigging idea about them. None. And the reason I posted the picture was to merely illustrate the reason: THEY ARE FUCKING OLD!

Anyhow, here's my two cents: I'll preface what I'm about to say with an "I have no ax to grind" and a "I don't have a preference when it comes to cryptos" so that you know where I'm coming from. Cryptos are internet currency (among many other things) that can be used anywhere in the world. Yes, adoption has been slow and, at times, seems like it's not going anywhere, but the world will warm up to cryptocurrencies in the same way it warmed up to communicating over the internet, buying shit through the internet, spend a great deal of time on the internet (kinda like you and I are doing right now). And the best part is that there isn't SHIT the governments can do about it in the same way it can't put up walls to prevent hurricanes from coming ashore.    

Quote
2. Who is this 'business community' you refer to?  The business community isn't crying out for bitcoin because they already have legal tender you dolt. The only people crying out that we need bitcoin as a currency are the people who bought it at $0.01 each and the people who paid $18,000 each LMAO.

I'm not saying that you retard. I'm saying that the introduction of blockchain will change the way everyone does business. All US companies are going to have to change business models because SHIT's ABOUT TO GET REAL. Their fee structures are about to take a hit, regardless of whether they decide to go with ETH, BTC, CNN or NBC. The biggest gainers are going to be people like you and I and saving a shit ton of money on abusive fees. And this is only the tip of the iceberg. In a few years you and I will be able to borrow mortgage money from an individual in Nepal at 1% and pay ZERO in closing costs, taxes and lawyer fees. We will be able to buy stuff from overseas at ½ the cost. In essence, we will be able to take advantage of all the perks corporations have right now and make a killing on it. We're already seeing it in things like cable TV and the use of the fire-stick. Why on God's Good Earth would you pay $200 a month for cable/phone/internet when you can pay $0 if you buy a jail broken firestick? TV nowadays is shit anyway. Why would you and I have to pay $ 1,500/year in car insurance if the car is parked in the garage 99% of the time? These abuses of convenience are going away, and whether it's Bitcoin, Ethereum or XRP that will be doing the financial/transactional greasing is inconsequential.  

Some of you are looking at this three-dimensional issue from a one-dimensional perspective. Your fixation on the cryptos remind me of the time people used to think the internet was only email.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on December 21, 2017, 07:05:56 AM
Quote from: jr on December 20, 2017, 09:34:27 PM


LOL
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 21, 2017, 07:32:03 AM
Quote from: Mayday on December 21, 2017, 03:42:26 AM

I think it's extremely unfair for gib and people like gib to suffer.

Gib is evil, and deserves to suffer for his super lame and annoying updates alone.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on December 21, 2017, 07:36:38 AM
Quote from: Zillotch on December 21, 2017, 07:32:03 AM
Gib is evil, and deserves to suffer for his super lame and annoying updates alone.

mght be a faggit too? we should asume he is until he shows otherwise
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on December 21, 2017, 07:43:26 AM
Read that football player Darren Mcfaden a year ago gave his finance manager $3 million to put in bitcoin.  Today it would be $250 million. Turns out his manager is claiming he lost the money. Fucker is probably sitting with that cash in his bread wallet and know no one can trace it to him.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 21, 2017, 07:51:20 AM
$ 15,779.80
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 21, 2017, 08:20:59 AM
Quote from: FitnessFrenzy on December 21, 2017, 07:51:20 AM
$ 15,779.80

Like I said, it will head down more and more every week.  The upwards momentum is over.  Blipcoin is all played out.  Biggest bubble in history, all based on the greater fool principle. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on December 21, 2017, 09:04:03 AM

Price has dropped nearly $5k and still no panic yet....lol...

Going to be fun... watching this when panic truly sets in..

Best part is whatever the highest price it reaches... pumpers on this thread will photoshop a screenshot of where they picked the exact top to sell..lol

(https://media.giphy.com/media/RHiD0K65NxxLO/giphy.gif)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on December 21, 2017, 09:56:04 AM
to keep this bodybuilding related

chris aceto made $10k on bitcoins when he sold his earlier this year.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 21, 2017, 10:30:47 AM
Quote from: Slapper on December 21, 2017, 06:44:59 AM
I don't get why you spend so much time telling people (me and others) they have "no idea" about monetary systems in reference to the picture I posted... I really don't. What I do know is that the FR's exes and current chairwoman, based on what they've publicly stated about cryptos, have no frigging idea about them. None. And the reason I posted the picture was to merely illustrate the reason: THEY ARE FUCKING OLD

Because its 56 pages of us being told we don't know shit.  

Some people obviously happy to dish it out but unhappy when properly challenged. My comments being aimed and responding to bitcoin being currency/money/gold. i already said i own cryptos just not ones claiming to become a global currency/gold to overthrow the USD.

BTC down another 5% and again volume is 15% above trendline. this isnt looking good for btc.

This.is impacting the overall crypto market and im very nervous on prices. it isnt good for anybody as it makes the general crypto market nervous.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 21, 2017, 10:30:53 AM
Quote from: TheGrinch on December 21, 2017, 09:04:03 AM
Price has dropped nearly $5k and still no panic yet....lol...

Going to be fun... watching this when panic truly sets in..

Best part is whatever the highest price it reaches... pumpers on this thread will photoshop a screenshot of where they picked the exact top to sell..lol


Gib won't, he'll ride it all the way down and disappear.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 21, 2017, 10:44:40 AM
Quote from: Mayday on December 21, 2017, 10:30:47 AM
Because its 56 pages of us being told we don't know shit.  

Some people obviously happy to dish it out but unhappy when properly challenged. My comments being aimed and responding to bitcoin being currency/money/gold. i already said i own cryptos just not ones claiming to become a global currency/gold to overthrow the USD.

BTC down another 5% and again volume is 15% above trendline. this isnt looking good for btc.

This.is impacting the overall crypto market and im very nervous on prices. it isnt good for anybody as it makes the general crypto market nervous.

Yes, the upward momentum push is probably over.  Probably a few "buy the dip" idiots still left out there, but the Ponzi-masters are now selling.  There will be MANY bag holders who refuse to sell, all because of greed.   Blockchain technology will probably be around for a while, but the great bitcoin experiment has pretty much run it's course.  2017 will be most known for as the year of "crypto mania".  The next big thing will be Hashgraph.  Pretty soon we'll see Hashgraph coins!   ::)

Gold and/or silver... get some NOW.  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 21, 2017, 11:00:56 AM
$ 15,478.60
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on December 21, 2017, 11:05:24 AM
what happened to $20k and above?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on December 21, 2017, 11:16:35 AM
It could def go to 20k or 30k even but as I've been saying Bitcoin is already an outdated, slow and power wasting technology ripe for replacement by the next trend. That trend could be Bitcoin Cash, Litecoin or something that is not on Coinbase yet...but any/all will be priced more attractively and be faster than Bitcoin. No brainer that money will flow in this way in this "free market". The dumb new money is on Coinbase and whatever new platform they add will have huge gains at first and will continue to take from Bitcoin market cap. Until it becomes apparent what will be used by Paypal, eBay, Amazon, etc the speculation over 100+ platforms will continue.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on December 21, 2017, 11:51:41 AM
once again.. price drops 5k.....


where's gib....?????????????

 ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on December 21, 2017, 11:55:45 AM
Quote from: TheGrinch on December 21, 2017, 11:51:41 AM
once again.. price drops 5k.....


where's gib....?????????????

 ???


He's always very objective with his investment decisions. Its been a key to his success.

He is a very conservative investor. He always build in safety margins when valuing assets.

He does function at a very high level financially.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Ted SuperSet on December 21, 2017, 12:54:35 PM
$ 13840!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 21, 2017, 01:22:36 PM
I’m still here but busy! Most of the questions I have already answered. Will post later if time.

Merry Xmas everyone!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 21, 2017, 01:44:33 PM
Quote from: Ted SuperSet on December 21, 2017, 12:54:35 PM
$ 13840!!!

I got this number from google:

1 Bitcoin equals
15464.36 US Dollar
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 21, 2017, 03:25:23 PM
Quote from: SF1900 on December 21, 2017, 01:44:33 PM
I got this number from google:

1 Bitcoin equals
15464.36 US Dollar

Yep, volume has decreased and price is stabilising which is good.

Depending where you look. I see it for $15.7k.

The last thing i want is for bitcoin to collapse or nose dive because of the overall fear it could send through the crypto market therefore putting at risk my own holdings and hope for profit.

There are some genuine fantastic opportunities to be had but they require a healthy market to pull out a great monetary return.


JR - thanks for clarifying on those details for the seller. It just shows articles are very blurred how they portray the crypto news (the article i read didn't show the .com part). That is one of the reasons why the Govt would step in and regulate the market.  You can't have people simply dumping coins
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: calfzilla on December 21, 2017, 03:41:33 PM
Quote from: Ted SuperSet on December 21, 2017, 12:54:35 PM
$ 13840!!!

Hey that's gib's job  >:( :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 21, 2017, 05:48:56 PM
Quote from: gib on December 21, 2017, 01:22:36 PM
I’m still here but busy! Most of the questions I have already answered. Will post later if time.

Merry Xmas everyone!

You're busy alright... busy watching the price drop.  lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on December 21, 2017, 06:21:19 PM
aaaaaaaaaaannnnnnnnnnnnn nnnnnnnnnddddddddddddddd dddddd


14,500......

In before the .............

"but but but... I unloaded 80% of my position at 19k" thread
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 21, 2017, 06:48:36 PM
Quote from: TheGrinch on December 21, 2017, 06:21:19 PM
aaaaaaaaaaannnnnnnnnnnnnnnnnnnnnnddddddddddddddddddddd

14,500......

In before the .............

"but but but... I unloaded 80% of my position at 19k" thread

Dip buyers turn into sellers, selling begets more selling and they all run for the exit at the same time.  This how bubbles pop.  The air has started to come out over the last few days, but it still has a long way to go.  When you see very big drops happening very quickly, you know it's over.

Greed (buying) and fear (selling).  Like I've said here from the beginning:  It is NEVER different this time.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on December 21, 2017, 07:18:09 PM
Quote from: Mr Anabolic on December 21, 2017, 06:48:36 PM
Dip buyers turn into sellers, selling begets more selling and they all run for the exit at the same time.  This how bubbles pop.  The air has started to come out over the last few days, but it still has a long way to go.  When you see very big drops happening very quickly, you know it's over.

Greed (buying) and fear (selling).  Like I've said here from the beginning:  It is NEVER different this time.



.. insert toilet flushing sound here..

Who is harder to find... gib or waldo when bitcoin is crashing?

(https://thumbs.gfycat.com/NippyGroundedAsiansmallclawedotter-max-1mb.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Costanza on December 21, 2017, 11:18:01 PM
Dropped 2.3k US in 2 hours today...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: denarii on December 22, 2017, 12:09:57 AM
lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on December 22, 2017, 02:57:22 AM
Bitcoin and almost every other cryptocurrency crashed hard today

December 22, 2017

Bitcoin has been on a tear this past with the value of the cryptocurrency jumping from $8,000 to nearly $20,000. Well that run hit an abrupt end today as the price crashed as much as 23 percent on Coinbase. The price briefly dipped below $12,000 on some exchanges at around 7:30 am London time.

The drop -- which wiped more than $4,000 from the value of bitcoin at one point -- was the highest percentage loss of value that bitcoin has seen this year. The cryptocurrency was valued at just $998 on January 1 2017 and it soared to a record high of nearly $20,000 on some exchanges earlier this week.

https://www.yahoo.com/news/bitcoin-almost-every-other-cryptocurrency-102517319.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 22, 2017, 03:53:25 AM
Gib said 100K, then 1 million.  

Totally misguided and delusional.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 22, 2017, 04:35:15 AM
Bitcoin will never make it past 5k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 22, 2017, 04:42:21 AM
$ 13,995.40    
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 22, 2017, 04:56:18 AM
Quote from: SF1900 on December 22, 2017, 04:35:15 AM
Bitcoin will never make it past 5k.

But it will get back down there (and lower) very quickly.  Now go back, re-read the thread and quote all the things I got right.  

This $6000 drop took a 6 days.  Wait until the selling really takes over... you'll see $1000 drops in minutes.

Bubble manias NEVER end well.  Cryptos are no different.  Millennial snowflakes are so naïve, delusional and greedy.  Greed (and fear) skews logic and critical thinking (if they ever had any).

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on December 22, 2017, 05:11:51 AM
Tulipy?

Or is she just getting her second wind?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on December 22, 2017, 05:20:18 AM
Gib,

The price of Bitcoin is currently below 13,000.  In your expert opinion, would now be a good time to purchase?  You have stated that the price should reach 40,000 by 2018.  If I were to get in now, I would triple my money in under a year.  I only have around 100 bucks to invest.  How much Bitcoin will that by me?  

Waiting with anticipation, Twaddle
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Soul Crusher on December 22, 2017, 05:42:46 AM
If someone said right now - I'll give you 10k in physical gold American Eagles or SA Kuggerands or Canadian Maples  or 10k of bitcoin - what would you choose?   

Me - id take the physical gold
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: manuelsonn on December 22, 2017, 05:55:10 AM
Quote from: Soul Crusher on December 22, 2017, 05:42:46 AM
If someone said right now - I'll give you 10k in physical gold American Eagles or SA Kuggerands or Canadian Maples  or 10k of bitcoin - what would you choose?   

Me - id take the physical gold


but that would be wrong, bitcoin is the new gold!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on December 22, 2017, 05:58:48 AM
Quote from: Twaddle on December 22, 2017, 05:20:18 AM
Gib,

The price of Bitcoin is currently below 13,000.  In your expert opinion, would now be a good time to purchase?  You have stated that the price should reach 40,000 by 2018.  If I were to get in now, I would triple my money in under a year.  I only have around 100 bucks to invest.  How much Bitcoin will that by me?  

Waiting with anticipation, Twaddle

Gib,

I need an answer quick.  The price is now below 12,500.  Is now a good time to buy?   ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on December 22, 2017, 06:11:52 AM
Quote from: Twaddle on December 22, 2017, 05:20:18 AM
Gib,

The price of Bitcoin is currently below 13,000.  In your expert opinion, would now be a good time to purchase?  You have stated that the price should reach 40,000 by 2018.  If I were to get in now, I would triple my money in under a year.  I only have around 100 bucks to invest.  How much Bitcoin will that by me?  

Waiting with anticipation, Twaddle
Quote from: Twaddle on December 22, 2017, 05:58:48 AM

Gib,

I need an answer quick.  The price is now below 12,500.  Is now a good time to buy?   ???
Gib,

Please hurry!  The price is now below 12,000.  Is now a good time to buy in? 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on December 22, 2017, 06:13:59 AM
Quote from: Twaddle on December 22, 2017, 05:20:18 AM
Gib,

The price of Bitcoin is currently below 13,000.  In your expert opinion, would now be a good time to purchase?  You have stated that the price should reach 40,000 by 2018.  If I were to get in now, I would triple my money in under a year.  I only have around 100 bucks to invest.  How much Bitcoin will that by me?  

Waiting with anticipation, Twaddle
Quote from: Twaddle on December 22, 2017, 05:58:48 AM
Gib,

I need an answer quick.  The price is now below 12,500.  Is now a good time to buy?   ???
Quote from: Twaddle on December 22, 2017, 06:11:52 AM
Gib,

Please hurry!  The price is now below 12,000.  Is now a good time to buy in? 

Gib,

For the love of god, I need an answer.  The price is now below 11,500.  Is now a good time to go all in?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 22, 2017, 06:19:12 AM
Quote from: Twaddle on December 22, 2017, 06:13:59 AM
Gib,

For the love of god, I need an answer.  The price is now below 11,500.  Is now a good time to go all in?


Wait till it goes to zero, then go all in.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 22, 2017, 06:36:18 AM
$ 11,833.00
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on December 22, 2017, 06:39:03 AM
...$ 11 000 . . .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: QuietYou on December 22, 2017, 06:39:27 AM
Perfect time to buy
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on December 22, 2017, 06:41:43 AM
Quote from: QuietYou on December 22, 2017, 06:39:27 AM
Perfect time to buy

or will it go lower . .?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: manuelsonn on December 22, 2017, 07:01:53 AM
wait till it hits 20 bucks and then go all in
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gmflex on December 22, 2017, 07:23:27 AM

http://money.cnn.com/2017/12/22/investing/bitcoin-plunges-below-14k/index.html (http://money.cnn.com/2017/12/22/investing/bitcoin-plunges-below-14k/index.html)


 ;D  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 22, 2017, 07:32:51 AM
Quote from: Mr Anabolic on December 22, 2017, 04:56:18 AM
But it will get back down there (and lower) very quickly.  Now go back, re-read the thread and quote all the things I got right.  

This $6000 drop took a 6 days.  Wait until the selling really takes over... you'll see $1000 drops in minutes.

Bubble manias NEVER end well.  Cryptos are no different.  Millennial snowflakes are so naïve, delusional and greedy.  Greed (and fear) skews logic and critical thinking (if they ever had any).



Why? You weren't even man enough to admit that Bitcoin went above 5k UNTIL GIB called you out, then you conceded that point. Now, you want me to quote what you got right when you won't even quote what you got wrong on your own?  ??? ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on December 22, 2017, 07:47:34 AM
Shit, I should have bought in at 11,000.  It's already back up to 13,500.  My 100 dollars would be worth 123 dollars.  Crap!   >:(
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on December 22, 2017, 08:27:13 AM
<find gib>

in before the

"I sold at 19k but forgot to post it"

threads

</find gib>
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on December 22, 2017, 09:14:44 AM
where's gib?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dave D on December 22, 2017, 09:15:57 AM
Quote from: SF1900 on December 22, 2017, 07:32:51 AM
Why? You weren't even man enough to admit that Bitcoin went above 5k UNTIL GIB called you out, then you conceded that point. Now, you want me to quote what you got right when you won't even quote what you got wrong on your own?  ??? ???

And?

We celebrate our victories and forget our failures here.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 22, 2017, 09:17:37 AM
Quote from: SF1900 on December 22, 2017, 07:32:51 AM
Why? You weren't even man enough to admit that Bitcoin went above 5k UNTIL GIB called you out, then you conceded that point. Now, you want me to quote what you got right when you won't even quote what you got wrong on your own?  ??? ???

Oooooh... Gib called me out!  lol  I'm soooooo ashamed!  

I've been calling it a Ponzi bubble from the beginning.  Blipcoin and many other cryptos will eventually go to ZERO.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 22, 2017, 09:20:27 AM
Quote from: Mr Anabolic on December 22, 2017, 09:17:37 AM
Oooooh... Gib called me out!  lol  I'm soooooo ashamed!  

I've been calling it a Ponzi bubble from the beginning.  Blipcoin and many other cryptos will eventually go to ZERO.

It doesn't matter. You were wrong. Wrong is wrong.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on December 22, 2017, 09:20:34 AM
when they go to zero we will buy !!!

im not missing out on a great opportunity two times in a row!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 22, 2017, 09:21:14 AM
Quote from: Dave D on December 22, 2017, 09:15:57 AM
And?

We celebrate our victories and forget our failures here.

Of course. It's the getbig motto.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 22, 2017, 09:23:10 AM
Quote from: SF1900 on December 22, 2017, 09:20:27 AM
It doesn't matter. You were wrong. Wrong is wrong.

Quibble, quibble.  

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 22, 2017, 09:26:38 AM
Quote from: Mr Anabolic on December 22, 2017, 09:23:10 AM
Quibble, quibble.  



It's okay, you were wrong when you said it wouldn't go past 5k.

You should just admit you were wrong. It will likely make you feel better.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on December 22, 2017, 09:31:38 AM
(https://s31.postimg.org/m242nyeln/gib.png)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on December 22, 2017, 09:33:03 AM
 ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Al Doggity on December 22, 2017, 10:04:11 AM
Looks like the thread title might actually be relevant again.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 22, 2017, 10:04:23 AM
Quote from: SF1900 on December 22, 2017, 09:26:38 AM
It's okay, you were wrong when you said it wouldn't go past 5k.

You should just admit you were wrong. It will likely make you feel better.

Mental illness perhaps?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 22, 2017, 10:09:11 AM
All the way big crpto, all the way.

Don't forget most exchanges are run on bitcoin not dollars. So people in other cryptos.selling off will go to bitcoin then need to move it to another exchange to sellout into dollars. the irony is you sell a crypto to avoid its loss.but end up in bitcoin which is losing 15% lol.

The wallets are getting smashed right now with moving transactions of people trying to move to exchanges that sell bitcoin to cash. all of this headfuck process is slowing down the price drops.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 22, 2017, 10:14:39 AM
Quote from: obsidian on December 20, 2017, 02:37:05 PM
OMG, you want to believe crypto currencies are going away and you are very stubborn. You are going to keep your point of view to prove a point. You're biting your nose to spite your face. You are angry because you are missing out on an opportunity. Digital currencies are not going away - unless there is WW3. But then you won't care about any currency (fiat or crypto) because survival (if you are that unlucky) will be your only concern.

Damn you saw through me... I'm a very stubborn and ANGRY man!    ;D

Most crypto pumptards profits are virtual.  They don't take any profits because they ALL think blipcoins are going to 100K or 1 million.   If you do not sell, than you've made nothing.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on December 22, 2017, 10:16:36 AM
Quote from: Al Doggity on December 22, 2017, 10:04:11 AM
Looks like the thread title might actually be relevant again.

 :D :D :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 22, 2017, 10:17:19 AM
Quote from: Mayday on December 22, 2017, 10:09:11 AM
All the way big crpto, all the way.

Don't forget most exchanges are run on bitcoin not dollars. So people in other cryptos.selling off will go to bitcoin then need to move it to another exchange to sellout into dollars. the irony is you sell a crypto to avoid its loss.but end up in bitcoin which is losing 15% lol.

The wallets are getting smashed right now with moving transactions of people trying to move to exchanges that sell bitcoin to cash. all of this headfuck process is slowing down the price drops.

In previous posts you were against blipcoin, now you like them?  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 22, 2017, 10:29:30 AM
Quote from: Mr Anabolic on December 22, 2017, 10:17:19 AM
In previous posts you were against blipcoin, now you like them?  

im saying the prices arent falling faster because the exchanges run on bitcoin so people.have to move between exchanges to bail out in the local currency.

bittrex for example i hold power ledger. if i sell then i am paid bitcoin. i then move bitcoin to my wallet. then from my wallet to anofber local exchange that sells bitcoin to local currency. its a clusferfuck lol.

if all the echanges allowed you to go from a crypto to currency the price would have dropped to 5000 already IMO.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 22, 2017, 10:52:20 AM
Blipcoin entering the bull trap phase?...

(http://www.thestockmarketoutsider.com/admin/blogimages/Stock%20Market%20Bubble%20Graph.JPG)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 22, 2017, 11:41:09 AM
www.cnbc.com/amp/2017/12/22/coinbase-one-of-the-biggest-bitcoin-marketplaces-says-buying-and-selling-temporarily-disabled-amid-price-rout.html

As predicted, one of main exchange platforms went down for several hours when heavy selling began, due to 'high volume'.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on December 22, 2017, 11:59:42 AM
(http://media.giphy.com/media/JIX9t2j0ZTN9S/giphy.gif)


Gib trying to get out while exchange locked up.  ;D

Does this qualify as a business trip yet?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 22, 2017, 12:21:22 PM
Quote from: Griffith on December 22, 2017, 11:41:09 AM
www.cnbc.com/amp/2017/12/22/coinbase-one-of-the-biggest-bitcoin-marketplaces-says-buying-and-selling-temporarily-disabled-amid-price-rout.html

As predicted, one of main exchange platforms went down for several hours when heavy selling began, due to 'high volume'.

pretty standard stuff nowadays.

they were.shutting down sharemarkets during the GFC. they also reversed transactions if they felt it was a flash crash.

I actually agree with stopping markets because it really is group fear that causes massive damage.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 22, 2017, 12:27:26 PM
Quote from: Mayday on December 22, 2017, 12:21:22 PM
pretty standard stuff nowadays.

they were.shutting down sharemarkets during the GFC. they also reversed transactions if they felt it was a flash crash.

I actually agree with stopping markets because it really is group fear that causes massive damage.

There is no free market if they are halted.  It's rigged.  They do the same with stock markets when they crash.   Totally bogus.  Let it crash, it clears out all the weak hands.

The Twinkletoe twins probably called to close down the exchange.  They were losing too much money.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: JAGO on December 22, 2017, 12:32:34 PM
Quote from: Mr Anabolic on December 22, 2017, 10:14:39 AM
Damn you saw through me... I'm a very stubborn and ANGRY man!    ;D

Most crypto pumptards profits are virtual.  They don't take any profits because they ALL think blipcoins are going to 100K or 1 million.   If you do not sell, than you've made nothing.




That and you're a homosexual.

J
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 22, 2017, 12:36:42 PM
Quote from: JAGO on December 22, 2017, 12:32:34 PM

That and you're a homosexual.
J

Being a homo is "in" in this day and age.    ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: manuelsonn on December 22, 2017, 12:39:03 PM
  Summary - gib   Picture/Text
Name:   gib
Posts:   2582 (0.479 per day)
Position:   Getbig IV
Date Registered:   March 20, 2003, 06:28:35 PM
Last Active:   Today at 12:24:14 PM

i'm guessing he's alive
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 22, 2017, 12:41:04 PM
Quote from: manuelsonn on December 22, 2017, 12:39:03 PM
 Summary - gib   Picture/Text
Name:   gib
Posts:   2582 (0.479 per day)
Position:   Getbig IV
Date Registered:   March 20, 2003, 06:28:35 PM
Last Active:   Today at 12:24:14 PM

i'm guessing he's alive


Sure, he was reading the posts.  Could've been trying to sell too. 

Blipcoin heading back up now.  That means Gib should be posting here in  3... 2... 1...


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: JAGO on December 22, 2017, 12:41:37 PM
Quote from: Mr Anabolic on December 22, 2017, 12:36:42 PM
Being a homo is "in" in this day and age.    ;D

True dat. Keep rocken the cock.

Have a merry Christmas,

J
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: manuelsonn on December 22, 2017, 12:49:37 PM
Quote from: Mr Anabolic on December 22, 2017, 12:41:04 PM

Sure, he was reading the posts.  Could've been trying to sell too. 

Blipcoin heading back up now.  That means Gib should be posting here in  3... 2... 1...




yup, In before "it was a glitch ", "a one in a billion years malfunction"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 22, 2017, 01:15:23 PM
I am here all!

Sorry, I’ve been busy enjoying my 1400% gains since beginning of 2017 :)

So it look like we will end the year well over the 10k mark (and more than double Mr A’s “5000 will be the top” prediction. So yes boo hoo, the gold and silver Mr A had produced close to a zero return over the year. And bitcoin just a tad more. (Btc was by far my best performing investments in 2017. My net returns on property for 2017 were around 12%, leveraged at around 50%, and around 20% on stock, with zero leverage, and virtually zero on the cash I hold). So whilst my btc holdings are nominal the return %-wise was unbelievable! Again for me the total amount of my assets in btc is nominal. A friend of mine on the other hand has 2/3 of his assets in crypto and is now a legit crypto multi millionaire.

I will try to answer posts later.

PS - I did like the short post that said maybe the title of the thread will become relevant again - that was a good one :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 22, 2017, 01:46:50 PM
Quote from: gib on December 22, 2017, 01:15:23 PM
I am here all!

Sorry, I’ve been busy enjoying my 1400% gains since beginning of 2017 :)

So it look like we will end the year well over the 10k mark (and more than double Mr A’s “5000 will be the top” prediction. So yes boo hoo, the gold and silver Mr A had produced close to a zero return over the year. And bitcoin just a tad more. (Btc was by far my best performing investments in 2017. My net returns on property for 2017 were around 12%, leveraged at around 50%, and around 20% on stock, with zero leverage, and virtually zero on the cash I hold). So whilst my btc holdings are nominal the return %-wise was unbelievable! Again for me the total amount of my assets in btc is nominal. A friend of mine on the other hand has 2/3 of his assets in crypto and is now a legit crypto multi millionaire.

I will try to answer posts later.

PS - I did like the short post that said maybe the title of the thread will become relevant again - that was a good one :)




Right on time.  

And needing to brag and validate himself a lot more than usual because he knows Mr A is 100% correct about blipcoins being a digital Ponzi bubble mania.  

You forgot to mention you make 500K per year and have over $6 million!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on December 22, 2017, 01:54:37 PM
"September 01, 2017, 05:34:17 AM »
Hope all u guys got some. Soon will be able to retire and just chill and train when they get to 100k per coin."

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 22, 2017, 03:15:15 PM
Quote from: Mr Anabolic on December 22, 2017, 01:46:50 PM


Right on time.  

And needing to brag and validate himself a lot more than usual because he knows Mr A is 100% correct about blipcoins being a digital Ponzi bubble mania.  

You forgot to mention you make 500K per year and have over $6 million!

Already explained why the term “Ponzi” is not an appropriate term to use for btc.

Also explained already that my income is not relevant to the discussion of whether bitcoin is a good investment or not (though it is arguably relevant with regard to the issue of how much %-wise one should allocate I guess).

Meanwhile the facts speak for themselves - Mr A you were wrong with your 5K top statement.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 22, 2017, 03:42:40 PM
Quote from: gib on December 22, 2017, 03:15:15 PM
Already explained why the term “Ponzi” is not an appropriate term to use for btc.

Also explained already that my income is not relevant to the discussion of whether bitcoin is a good investment or not (though it is arguably relevant with regard to the issue of how much %-wise one should allocate I guess).

Meanwhile the facts speak for themselves - Mr A you were wrong with your 5K top statement.


Yeah, so what, I already said I was incorrect.  You keep repeating yourself like some autistic mongoloid.  Your predictions of $100K and $1 Million are much more ridiculous and outrageous than my $5000 top call.

Interesting how you disappear when bitcoin gets slammed.  Then you need to bring up your other imaginary investments to make yourself feel/look better.  How desperate and pathetic you sound.  

I'm looking forward to the next price cliff drop.  Of course you'll disappear like always.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 22, 2017, 03:54:39 PM
Why do u think I disappear? I told I’m here.

Everything I have stated to date is correct. Go and re-read if needed.

Is it possible that btc will hit 100k or 1m at some point? Yes it is.

BTC is up over a 3 year time line.  And over 2 years. And 1 year. And 6 months. And 3 months. And even 1 month (and probably even half a month?). All a matter of perspective...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on December 22, 2017, 04:09:57 PM
Quote from: gib on December 22, 2017, 03:54:39 PM
Why do u think I disappear? I told I’m here.

Everything I have stated to date is correct. Go and re-read if needed.

Is it possible that btc will hit 100k or 1m at some point? Yes it is.

BTC is up over a 3 year time line.  And over 2 years. And 1 year. And 6 months. And 3 months. And even 1 month (and probably even half a month?). All a matter of perspective...

Do you know why people have been calling you out for almost 60 pages?

You try to pass as a top notch, savvy investor... and chances are that you're not.

The lack of use of technical analysis and terminology makes me believe you're lying when you claim to be an elite investor. All your claims about bitcoin are nothing but speculation.

I believe you have made a lot of money with bitcoin, and that probably gave you a huge ego boost. But to me, it seems like you gambled and won. That doesn't make you and investor, it makes you a gambler.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 22, 2017, 04:23:13 PM
Quote from: gib on December 22, 2017, 03:54:39 PM
Is it possible that btc will hit 100k or 1m at some point? Yes it is.

BTC is up over a 3 year time line.  And over 2 years. And 1 year. And 6 months. And 3 months. And even 1 month (and probably even half a month?). All a matter of perspective...

I agree that BTC could hit 100k.

We have seen the data behind it and there is extremely little investment of which 40%+ is held by a handful of people who won't sell. The rest pretty much won't sell as they believe 100k is possible. So we see maybe 5% selling which is driving up the price like crazy as it's causing a shortage and a FOMO moment for buyers.

This is the first major test not only for bitcoin but all cryptos. Whilst i'm not an investor in bitcoins the hype on it is phenomenal which is driving greater investment and awareness overall into the market.

Whilst i can shit on BTC from a great height, we are all here to make money. For me to make big bank i need BTC alive.

Best of luck gib. If i was you i would take some of that profit and bank it knowing you will come out with something. Celebrate the gains when you pull them out, not whilst they are still in.

I believe these next 14 days will be incredibly rocky and we will see many hits in the market.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 22, 2017, 04:27:47 PM
Quote from: el numero uno on December 22, 2017, 04:09:57 PM
Do you know why people have been calling you out for almost 60 pages?

You try to pass as a top notch, savvy investor... and chances are that you're not.

The lack of use of technical analysis and terminology makes me believe you're lying when you claim to be an elite investor. All your claims about bitcoin are nothing but speculation.

I believe you have made a lot of money with bitcoin, and that probably gave you a huge ego boost. But to me, it seems like you gambled and won. That doesn't make you and investor, it makes you a gambler.





Lol at “technical analysis”. As I have explained earlier, I am a value investor. I rarely apply “technical analysis” if by that you mean chart trends etc. Rather I apply a fundamental analysis.

Bitcoin cannot be valued. So the only “bet” one can make is basically on whether more money will flow into BTC or out, in the coming years. For a range of reasons I think it’s likely more in.

Have I “made a lot”? Well that’s all relative. I have just under 23 coins. Purchased mainly between $750 and $1300 with a further top-up at $2700. But %-wise yes it’s been amazing.

Of course up to you what you think of me in terms of an investor. Read and make up your own mind as you wish.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 22, 2017, 04:33:00 PM
Quote from: Mayday on December 22, 2017, 04:23:13 PM
I agree that BTC could hit 100k.

We have seen the data behind it and there is extremely little investment of which 40%+ is held by a handful of people who won't sell. The rest pretty much won't sell as they believe 100k is possible. So we see maybe 5% selling which is driving up the price like crazy as it's causing a shortage and a FOMO moment for buyers.

This is the first major test not only for bitcoin but all cryptos. Whilst i'm not an investor in bitcoins the hype on it is phenomenal which is driving greater investment and awareness overall into the market.

Whilst i can shit on BTC from a great height, we are all here to make money. For me to make big bank i need BTC alive.

Best of luck gib. If i was you i would take some of that profit and bank it knowing you will come out with something. Celebrate the gains when you pull them out, not whilst they are still in.

I believe these next 14 days will be incredibly rocky and we will see many hits in the market.

Thank you. Yes I agree. Might take a few gains next year - let’s see. I will post here if I do. Again for me, I went in as a long term thing, in part to make sure I had exposure in case btc really ramps up (and also in case of an end of the world type scenario occurring, either financial or physical safety threat).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 22, 2017, 06:39:10 PM
Quote from: gib on December 22, 2017, 03:54:39 PM
Why do u think I disappear? I told I’m here.

Everything I have stated to date is correct. Go and re-read if needed.

Is it possible that btc will hit 100k or 1m at some point? Yes it is.

BTC is up over a 3 year time line.  And over 2 years. And 1 year. And 6 months. And 3 months. And even 1 month (and probably even half a month?). All a matter of perspective...

In fact, to elaborate, we are up 77% over last month. So don’t worry - the world is not ending...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 22, 2017, 06:41:33 PM
Quote from: Mr Anabolic on December 22, 2017, 12:27:26 PM
There is no free market if they are halted.  It's rigged.  They do the same with stock markets when they crash.   Totally bogus.  Let it crash, it clears out all the weak hands.

The Twinkletoe twins probably called to close down the exchange.  They were losing too much money.



Except that there are a virtually infinite number of crypto exchanges that can exist not to mention that peer to peer trading always continues 24/7.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 22, 2017, 08:31:57 PM
Oh and Mr A I just checked my total account balance and to my surprise was barely down from when I last checked (when btc was 18700). To my surprise the balance was hardly down at all? It took me a moment to work out why - then I realised that bitcoin cash (which I have the same amount of as btc) has sharply risen since the last week or so.

So if you were hoping that I was suffering from a “loss” then lol no I’m pretty fine. Up 1500% from beginning of 2017 + all the gains from bcash which I had basically ignored.

Merry xmasssssssss !!! (Only a bubble if ya wanit to be).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: NelsonMuntz on December 22, 2017, 09:38:03 PM
Normal Bitcoin Millionaire at Christmas
Normal Bitcoin Millionaire's Friend: So what are doing on the holidays

Normal Bitcoin Millionaire: Well after xmas dinner I am leaving on the 26th for Hawaii, bringing my twin 20 year old bimbo girlfriends with me

======================================================================================

GetBig Bitcoin Millionaire at Christmas


Has no friends in real life, spending xmas holidays in the in-law basement apartment in his parents house he lives in telling everyone on getbig how great his life is since he started becoming a genius investor in bitcoin, while eating some turkey sandwich his mom made because at 40 years old he does not yet know how to boil an egg, but he is an expert investor
=====================================================================================

seriously who the fuck talks about investments on a fucking bodybuilding board except bullshitters

-
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: cart@@n on December 22, 2017, 10:14:47 PM
watch in real time:

https://www.coindesk.com/price/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 22, 2017, 10:40:32 PM
Quote from: NelsonMuntz on December 22, 2017, 09:38:03 PM
Normal Bitcoin Millionaire at Christmas
Normal Bitcoin Millionaire's Friend: So what are doing on the holidays

Normal Bitcoin Millionaire: Well after xmas dinner I am leaving on the 26th for Hawaii, bringing my twin 20 year old bimbo girlfriends with me

======================================================================================

GetBig Bitcoin Millionaire at Christmas


Has no friends in real life, spending xmas holidays in the in-law basement apartment in his parents house he lives in telling everyone on getbig how great his life is since he started becoming a genius investor in bitcoin, while eating some turkey sandwich his mom made because at 40 years old he does not yet know how to boil an egg, but he is an expert investor
=====================================================================================

seriously who the fuck talks about investments on a fucking bodybuilding board except bullshitters

-

I don't know, that sounds pretty decent.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on December 22, 2017, 11:11:08 PM
Quote from: gib on December 22, 2017, 08:31:57 PM
Oh and Mr A I just checked my total account balance and to my surprise was barely down from when I last checked (when btc was 18700). To my surprise the balance was hardly down at all? It took me a moment to work out why - then I realised that bitcoin cash (which I have the same amount of as btc) has sharply risen since the last week or so.

So if you were hoping that I was suffering from a “loss” then lol no I’m pretty fine. Up 1500% from beginning of 2017 + all the gains from bcash which I had basically ignored.

Merry xmasssssssss !!! (Only a bubble if ya wanit to be).


you and many others got bitcoin cash for free , which means a huge percentage got it for nothing . . . so the ' value ' is already quite artificial . . .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: manuelsonn on December 22, 2017, 11:31:36 PM
Hey gib, is now a good moment to buy? Or it was better at 18000?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 22, 2017, 11:38:56 PM
Quote from: gib on December 22, 2017, 08:31:57 PM
Oh and Mr A I just checked my total account balance and to my surprise was barely down from when I last checked (when btc was 18700). To my surprise the balance was hardly down at all? It took me a moment to work out why - then I realised that bitcoin cash (which I have the same amount of as btc) has sharply risen since the last week or so.

a big part of that is the main exchanges have frozen BTC.

i have a small amount frozen right now but its ok as btc is holding so my value is still protected for now. unsure when they open it again on bittrex.

its a good thing to freeze exchanges. You cant short cryptos so nobody wins by seeing it crash. if freezing it stops the crash and allows me time to make more money then im all for it lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on December 23, 2017, 12:33:47 AM
Quote from: Mayday on December 22, 2017, 11:38:56 PM
a big part of that is the main exchanges have frozen BTC.

i have a small amount frozen right now but its ok as btc is holding so my value is still protected for now. unsure when they open it again on bittrex.

its a good thing to freeze exchanges. You cant short cryptos so nobody wins by seeing it crash. if freezing it stops the crash and allows me time to make more money then im all for it lol.

having your money locked from you when prices drop because it's good for the exchanges . . . this should send alarm bells ringing . . .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 23, 2017, 01:40:40 AM
Happens now with many major stocks markets now too, including the US. Personally I’m not a fan as I believe the free market should reign. In theory though it could reduce volatility.

Good thing with btc of course is that there are hundreds of indexes not to mention that one can buy and sell peer to peer 24/7.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on December 23, 2017, 01:51:37 AM
. . problem is that bitcoin cash's price is already artificially inflated . . .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Tha Grim Lifter on December 23, 2017, 01:57:14 AM
Everyone wants a get rich quick scheme that involves little work.

Problem is there are so many dodgy c$nts in the world that most things like this end up screwing over a lot of people. Not saying this will but lets face it....Human Behaviour + History  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on December 23, 2017, 02:42:44 AM
Quote from: Tha Grim Lifter on December 23, 2017, 01:57:14 AM
Everyone wants a get rich quick scheme that involves little work.

Problem is there are so many dodgy c$nts in the world that most things like this end up screwing over a lot of people. Not saying this will but lets face it....Human Behaviour + History  ;D

with bitcoin cash those who got it for free have nothing to lose , the rest are cannon fodder . . . and combine that with conveniently shut down exchanges . . . its clear what the game is here . .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 23, 2017, 03:09:14 AM
Gib, I congratulate you on your bitcoin gains, but I do have to say that I find it difficult to see bitcoin as a value investment.

How do you value a fair value of a bitcoin?

I heard that if rich people, defined by some criteria, bought bitcoin with 1% of their wealth, then bitcoin would cost 60.000 dollars. However, I think it is a vague definition of a fair value of bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on December 23, 2017, 06:53:06 AM
Quote from: DooM_ on December 23, 2017, 01:51:37 AM
. . problem is that bitcoin cash's price is already artificially inflated . . .

You tell me ONE single asset, aside from the cryptocurrency world, that isn't "artificially inflated". ONE. JUST ONE.

I highly suspect that the word you meant to say was "manipulated".

See, take BTC for example... institutional trading was basically reduced to a handful of OTC securities that held BTC in a trust. Result? Retail customers reigned and the coin exploded. All of a sudden the futures market opens up, the shorting hyenas make an entance and the stock takes a plunge. THIS isn't considered "tampering with the market" because it's institutions that are doing the trading/shorting. And if you think FOR A FUCKING SECOND that the media's insistence on calling it a bubble and that the coordinated attack (shorting + media repeating the doom-and-gloom scenario) is merely coincidental, I got one bridge I want to sell you.

Take, for example, Andrew Left of Citron... guy will short anything he can get his hands on, so much so that he has been invited to abandon several Asian markets. Well, this guy's now been given the green light to go after GBTC not because he believes it's going go go to zero, but because he knows it was trading at a premium and his self-appointed job, according to him, was to bring the stock down to its "real-world" price (which is the price HE and only HE decided to price the stock at).

I can give you more examples of this dichotomy, there are plenty. Just look at the prices of some of these internet stocks that produce nothing, barely have any profit and are priced in the 100s. Meanwhile, mining companies that own enough assets (with little proportional liabilities and decent gains, albeit the worst markets in decades) to buy the Nafta agreement with everything in it, are priced in the single digits.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on December 23, 2017, 09:36:13 AM
Quote from: FitnessFrenzy on December 23, 2017, 03:09:14 AM
Gib, I congratulate you on your bitcoin gains, but I do have to say that I find it difficult to see bitcoin as a value investment.

How do you value a fair value of a bitcoin?

I heard that if rich people, defined by some criteria, bought bitcoin with 1% of their wealth, then bitcoin would cost 60.000 dollars. However, I think it is a vague definition of a fair value of bitcoin.
Bitcoin, like a lot of things, is only worth what people will pay for it. Anyone that says bitcoin isn’t a good investment, as a small part of an portfolio, is stupid or has ulterior motives. The idea is knowing when to get in and when to get out. But that is the same for any high risk investment.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Shizzo on December 23, 2017, 09:51:23 AM
Quote from: HTexan on December 23, 2017, 09:36:13 AM
Bitcoin, like a lot of things, is only worth what people will pay for it. Anyone that says bitcoin isn’t a good investment, as a small part of an portfolio, is stupid or has ulterior motives. The idea is knowing when to get in and when to get out. But that is the same for any high risk investment.
Thank you for those wise words, Aristotle.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: NelsonMuntz on December 23, 2017, 11:29:13 AM
This kind of shit happens literally 1-2 times per decade, basically a bunch of people who have no business "investing" in supposedly awesome stocks because they got some "tip", they get in, they buy, they sell. They make some money, get a big head and believe they are "smart" then they buy in a little more, rest and repeat until most are in over their heads because they start not only putting in thier money they can foord to risk, but money they have been saving forever.
Then it all comes crashing down and most people get fucked.

perfect example here on a bigger level is in the movie casino where the Japanese high roller cleans them out, then even takes the fucking towel. The casino then fakes the plane having mechanical trouble, brings him back, comps  him a whole floor of the hotel, and he sits at the table and makes "tiny" bets, but can't help himself because he won a bunch of money already so he thinks he is smarter than the house, so he starts betting not only the money he cleaned them out but his own again....result, they get all their money back plus a couple of million of his own.

another good example for getbig billionaires even though it is a movie, it is a real life tactic.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: NelsonMuntz on December 23, 2017, 11:34:35 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 23, 2017, 11:42:22 AM
Quote from: NelsonMuntz on December 23, 2017, 11:34:35 AM


 ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 23, 2017, 12:32:29 PM
Quote from: DooM_ on December 23, 2017, 12:33:47 AM
having your money locked from you when prices drop because it's good for the exchanges . . . this should send alarm bells ringing . . .

It's good overall because it prevents the avalanche of put orders dumping at the blink of an eye. It calms the market and gives it a couple of days to regain it's composure.

It's good for the exchanges.

It's good for the people playing in the sandpit.

The speed of our general life is not able to cope with the speed of which trading is done. So they slow it down to give people a second to think.


BTC is stabilising (for now) so by freezing some BTC on exchanges it has served the correct purpose. People jumped out, it slowed that down, gave people time to think, people then saw it as an opportunity to buy and those buyers are up 30%+.

If we can try and be a little more subjective and remove our own bias, you can see it worked in this instance.  The question now is where to from here.....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on December 23, 2017, 12:35:03 PM
well not selling, not ever is the key

if you dont sell you dont lose

so anyone who got millions they dont know what to do with it, just keep on buying bitcoins etc

then you also get a new hobby, spend all your days watching it go up and down and talk about it on the internet

and when you eventually die, you can transfer it to your kids and grandkids so they to get something to do

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 24, 2017, 01:07:01 AM
Quote from: manuelsonn on December 22, 2017, 11:31:36 PM
Hey gib, is now a good moment to buy? Or it was better at 18000?

Any time is a good time to buy compared to where prices may be in a few years. 3 or 4 K will be meaningless if prices are 100k plus. I think if you have no holding yet just buy now and hold.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 24, 2017, 01:18:13 AM
Quote from: FitnessFrenzy on December 23, 2017, 03:09:14 AM
Gib, I congratulate you on your bitcoin gains, but I do have to say that I find it difficult to see bitcoin as a value investment.

How do you value a fair value of a bitcoin?

I heard that if rich people, defined by some criteria, bought bitcoin with 1% of their wealth, then bitcoin would cost 60.000 dollars. However, I think it is a vague definition of a fair value of bitcoin.

Thank you! Yes the gains have been nice :)

I agree with you BTC cannot be valued (please take the time to read my earlier posts as I discuss this extensively. The best approach is to ask yourself “will more money flow into BTC in the future”?  I believe the answer is YES. 2018 will see the listing of numerous bitcoin ETFs. I expect we will see huge amounts of institutional money moving in.

And yes, all of the world’s wealthiest will want a little exposure. 21 million coins globally to compete with demand from 7 billion + people ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 24, 2017, 05:48:32 AM
Has bitcoin reached 5k yet?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 24, 2017, 06:27:41 AM
drop dead, gib
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on December 24, 2017, 08:11:37 AM
Guys, you're being a little rough on gibs. I don't know him from a hole in the ground but... he's been calling this play for a while now. Give props to those who deserve it.

IMHO what you are failing to see is the underlying fundamental change that is behind BTC, the often-abused "blockchain". What this new protocol is going to introduce is basically a death sentence to the current banking system, not complete death, but the role of banks, in 10-20 years, will be relegated to what are now check-cashing places. And this includes the role of the Federal Reserve. Let's be clear about something: Banks would not exist were it not for individual citizens to hold surplus assets and the government in place allow these entities to create money from thin air 7x fold (again, without the corresponding assets to back it up). This inflationary system is at the heart of all the bubbles, all the economic slumps and many other economic/political/social maladies that will be greatly alleviated once people start adopting cryptocurrencies for all their exchanges and, in doing so, bypassing all these intermediaries that add NO VALUE to the chain whatsoever and distort the system.  

Securities will be traded instantaneously (no more two-day trade settlement bullshit,) securities will finally move to virtual existence (no more certificate bullshit,) travelling overseas will involve using cryptocurrencies, we'll be able to get loans (mortgage, car, et cetera) at much cheaper rates from individuals all over the world without the exorbitant fees, send wire payments over the internet in micro-seconds for pennies on the dollar, be able to vote over the internet, et cetera. All governed by a system of earned trust and backed by blockchain. Politicians, bankers and corruption will quickly be weeded out in a trust-based system. You fuck up, you're out. You will be forced to 1. Tell the truth and 2. Trust your fellow gringos.

I can't stress how FUNDAMENTAL of a change is staring us in the face. This is not a proxy company looking for funds to grease their scaling issues because their customers like surfing porn too much.

And finally, this change in how information and products are exchanged without a middleman will 1) minimize the role and size of the government and 2) politicians will get progressively younger and younger (because it will be in their interest to safeguard the current and future well being of their society and economy).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on December 24, 2017, 08:17:18 AM
Don't let the current institutional greed wave keep you from buying or holding any cryptocurrency you so may choose. Prices WILL go back up again.

I'll post something I'm not even supposed to post because I may be fired if ever exposed but... fuck it: the company I work for, one of the largest financial services firms in the US, is currently developing the capability to store and trade cryptos.

Do you think for a second they would waste their time on hot air being blown up people's asses?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on December 24, 2017, 01:03:40 PM
Quote from: Slapper on December 24, 2017, 08:17:18 AM
Don't let the current institutional greed wave keep you from buying or holding any cryptocurrency you so may choose. Prices WILL go back up again.

I'll post something I'm not even supposed to post because I may be fired if ever exposed but... fuck it: the company I work for, one of the largest financial services firms in the US, is currently developing the capability to store and trade cryptos.

Do you think for a second they would waste their time on hot air being blown up people's asses?

I've been doing mostly lurking on this thread but I really find alot of value in your posts and Mayday's stuff here recently(among other posters of course)

I sold off that Litecoin at a 350% profit and bought into Ether. After reading on here and researching the technology online I feel comfortable holding pat with what I have for the foreseeable future.

It's a fun little deal more than anything but I certainly see the upside.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 24, 2017, 06:35:21 PM
Quote from: SF1900 on December 24, 2017, 05:48:32 AM
Has bitcoin reached 5k yet?

Not sure. But even if it did that would put me up over 500% over the last year (not including the additional value of the bitcoin cash). Looks like we will be well over the 10K mark year end, so that’s a 1000% annual gain (and even at that level that around half of the highest prices have been).

In 2018 we will see not just the legitimisation of bitcoin due to daily mentions of bitcoin in the media, but also due to futures trading.

Further we will increasingly see btc price quoted in financial media along gold and oil and other commodities.

But perhaps most significantly we will see the listing of bitcoin ETFs on a number of major global exchanges. And this will be a game changer for ease of money to flow into this asset. No more fiddling around with money transfers and obscure exchanges and technical issues like how to store in cold storage. Basically this will give high net worth individuals, funds, and mum and pop investors the ability to very easily put money into this asset class. If all this happens, given the mathematical limitation of bitcoin we could see unbelievable price gains that will make the last few weeks movements an almost irrelevant blip on a longer term scale.

Only time will tell of this happens. Let’s see ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on December 24, 2017, 07:02:29 PM
Gib did what I couldn’t. He held on until now. I would have bought at $100 and probably sold at $1000. Especially when it went crazy up and down for a bit around then.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Disgusted on December 25, 2017, 09:51:26 PM
Tip, go buy some New York Coin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 26, 2017, 12:52:20 AM
Quote from: Disgusted on December 25, 2017, 09:51:26 PM
Tip, go buy some New York Coin.

Tip from who and who is interested in using it?

Thousands of crypto come out each year. People get it wrong thousands of times so the odds someone is right on a startup are slim unless they actually know about something we don't.

How much do we put in? $100? $1k?


I am open to what you say btw as you aren't a nut on here so let me know what the tip actually is.  $26.5k of volume is fucked btw so no other exchange will grab it unless there is promise.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Disgusted on December 26, 2017, 02:03:07 AM
Quote from: Mayday on December 26, 2017, 12:52:20 AM
Tip from who and who is interested in using it?

Thousands of crypto come out each year. People get it wrong thousands of times so the odds someone is right on a startup are slim unless they actually know about something we don't.

How much do we put in? $100? $1k?


I am open to what you say btw as you aren't a nut on here so let me know what the tip actually is.  $26.5k of volume is fucked btw so no other exchange will grab it unless there is promise.


I tripled my investment since 3 days ago. Take a look at it. It took a big jump yesterday and leveled out and climbing steadily. I did know something was coming and I got in on the 22nd. Still time though to make money in the long haul.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 26, 2017, 03:01:52 AM
Quote from: polychronopolous on December 24, 2017, 01:03:40 PM
I've been doing mostly lurking on this thread but I really find alot of value in your posts and Mayday's stuff here recently(among other posters of course)

In general, humans want to believe. It's the whole 'but what if?''.

Then lets look at the timeline. The longer the timeline the greater the chance you will be correct. As it gets closer it gets harder to predict.

We will land on Mars in the next 200yrs..... very high chance to be correct.
We will land on Mars in the next 50yrs....high chance to be correct.
We will land on Mars in the next 5yrs....Mmmmm slim chance to be correct.
We will land on Mars in the next 5 months....Jeff at the bar said his mate reckons it will happen.
We will land on Mars at 12:36pm in 2 days time.......

Will we have a crypto currency? Yes, i am certain in the next 10,000yrs. It's all pretty fucking meaningless unless you guess the timeline correctly.


FWIW i am just in it to make money. I have picked an energy crypto being the largest winner for me. Whilst people are debating global currencies i already know that energy cryptos will become a massive market.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 26, 2017, 03:25:05 AM
Quote from: Disgusted on December 26, 2017, 02:03:07 AM
I tripled my investment since 3 days ago. Take a look at it. It took a big jump yesterday and leveled out and climbing steadily. I did know something was coming and I got in on the 22nd. Still time though to make money in the long haul.

For 3yrs they had a 24hr volume of around $200.
During Oct/ Nov it was used as a pump and dump of double the price.
December also a pump and dump but at Christmas someone jumped in with around $10k at best and it's tripled. It's the first upswing since the last dump on Christmas eve.
To break trend it needs to not dump on the 28th December.

I'm not being rude or a dick here so i won't say more than my take on the data above, i looked at the chart you posted but the longer timeline.  Maybe i'm not seeing the right coin? This is the Yobit one yeah?

What is the 'something was coming' that a person told you?

Generally for a crypto to become something awesome, you would see the initial ICO price, uptick, flat, uptick, flat, large uptick with pullback, flat then fluctuation if it's fairly mature. This hasn't happened in the 4yr lifespan with NYC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on December 26, 2017, 10:50:15 AM
Quote from: Mayday on December 26, 2017, 03:01:52 AM
In general, humans want to believe. It's the whole 'but what if?''.

Then lets look at the timeline. The longer the timeline the greater the chance you will be correct. As it gets closer it gets harder to predict.

We will land on Mars in the next 200yrs..... very high chance to be correct.
We will land on Mars in the next 50yrs....high chance to be correct.
We will land on Mars in the next 5yrs....Mmmmm slim chance to be correct.
We will land on Mars in the next 5 months....Jeff at the bar said his mate reckons it will happen.
We will land on Mars at 12:36pm in 2 days time.......

Will we have a crypto currency? Yes, i am certain in the next 10,000yrs. It's all pretty fucking meaningless unless you guess the timeline correctly.


FWIW i am just in it to make money. I have picked an energy crypto being the largest winner for me. Whilst people are debating global currencies i already know that energy cryptos will become a massive market.
Would you live on mars, if you could?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 28, 2017, 05:28:57 AM
(http://i.redd.it/shu3p1cshi601.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on December 28, 2017, 05:42:48 AM
Quote from: FitnessFrenzy on December 28, 2017, 05:28:57 AM
(http://i.redd.it/shu3p1cshi601.jpg)

he was almost a paper millionaire. . !!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Ted SuperSet on December 28, 2017, 07:20:31 AM
Quote from: Disgusted on December 26, 2017, 02:03:07 AM
I tripled my investment since 3 days ago. Take a look at it. It took a big jump yesterday and leveled out and climbing steadily. I did know something was coming and I got in on the 22nd. Still time though to make money in the long haul.

Where can I pay with my cryptocurrency?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 28, 2017, 09:38:27 AM
So, I know nothing about bitcoin.

The current bitcoin price is 13938.22 US Dollar.

Does that mean if you buy ONE bitcoin, you can trade it in for 13,938 dollars? What exactly does that price indicate?

Or, even more simpler: if someone buys 500 dollars worth of bitcoin and sold tomorrow (given the price does not fluctuate by tomorrow), how much would they make?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: QuietYou on December 28, 2017, 10:36:36 AM
Quote from: SF1900 on December 28, 2017, 09:38:27 AM
So, I know nothing about bitcoin.

The current bitcoin price is 13938.22 US Dollar.

Does that mean if you buy ONE bitcoin, you can trade it in for 13,938 dollars? What exactly does that price indicate?

Or, even more simpler: if someone buys 500 dollars worth of bitcoin and sold tomorrow (given the price does not fluctuate by tomorrow), how much would they make?

At this point it's hard to make money from bitcoin unless you already have a good amount of money to invest. You will get a percentage of 1 bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 28, 2017, 10:57:11 AM
Quote from: QuietYou on December 28, 2017, 10:36:36 AM
At this point it's hard to make money from bitcoin unless you already have a good amount of money to invest. You will get a percentage of 1 bitcoin.

To be honest, I have zero interest in investing in bitcoin. It just seems too unstable. However, it has reached 60+ pages on here, so I am kind of curious.

So, what is the percentage of 1 bitcoin?

People are apparently becoming obsessed with bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: QuietYou on December 28, 2017, 11:13:03 AM
Quote from: SF1900 on December 28, 2017, 10:57:11 AM
To be honest, I have zero interest in investing in bitcoin. It just seems too unstable. However, it has reached 60+ pages on here, so I am kind of curious.

So, what is the percentage of 1 bitcoin?

People are apparently becoming obsessed with bitcoin.

Whatever price you pay if it's under the price of 1 bitcoin you will get the corresponding % of a bitcoin. so if you spend 7k and it's 14k you'll own 1/2 of 1 bitcoin. And you could transfer that to like 20 eurethium or whatever it's called on the exchange. Day trading is the best for cryptos honestly.

Since the prices fluctuate so much. Like if something is 2 it could be 4 in the afternoon. Buy, sell, buy sell, make a good amount of money each day. Although this is how people become obsessed and constantly look. Because they can't miss a beat. Also sometimes the websites crash when prices are going up because so many people are on the servers to sell. So it's quite flawed in many ways.

It's quite stressful
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 29, 2017, 07:41:40 AM
Quote from: QuietYou on December 28, 2017, 11:13:03 AM
Whatever price you pay if it's under the price of 1 bitcoin you will get the corresponding % of a bitcoin. so if you spend 7k and it's 14k you'll own 1/2 of 1 bitcoin. And you could transfer that to like 20 eurethium or whatever it's called on the exchange. Day trading is the best for cryptos honestly.

Since the prices fluctuate so much. Like if something is 2 it could be 4 in the afternoon. Buy, sell, buy sell, make a good amount of money each day. Although this is how people become obsessed and constantly look. Because they can't miss a beat. Also sometimes the websites crash when prices are going up because so many people are on the servers to sell. So it's quite flawed in many ways.

It's quite stressful

My uncle was telling me he was in the bar the other day, and the bartender kept checking her phone literally every 2 minutes. He asked here what she was doing. She said she was checking her bitcoin. I thought maybe it was GIB!!   ;D ;D ;D ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 29, 2017, 07:47:39 AM
(http://s9.postimg.org/kzje1win3/5a450adcb0bcd58c028b7352.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 29, 2017, 12:25:22 PM
Quote from: Mayday on December 26, 2017, 03:25:05 AM
For 3yrs they had a 24hr volume of around $200.
During Oct/ Nov it was used as a pump and dump of double the price.
December also a pump and dump but at Christmas someone jumped in with around $10k at best and it's tripled. It's the first upswing since the last dump on Christmas eve.
To break trend it needs to not dump on the 28th December.

I'm not being rude or a dick here so i won't say more than my take on the data above, i looked at the chart you posted but the longer timeline.  Maybe i'm not seeing the right coin? This is the Yobit one yeah?

What is the 'something was coming' that a person told you?

Generally for a crypto to become something awesome, you would see the initial ICO price, uptick, flat, uptick, flat, large uptick with pullback, flat then fluctuation if it's fairly mature. This hasn't happened in the 4yr lifespan with NYC.


Disgusted, read my above post again and then look at the chart for the 'tip' you told everybody to buy and then your brag about making triple your money.

Your NYC is following the same trend i post above, to the day in fact as it started its predicted dump trend on the 28th.... those who jumped in based on your advice are now being burned.

You refused to even give any details about what it was or what was about to happen. merely a 'dont miss out' conman type of speil.

Seriously, not good mate.  i even outlined everything for you to help you.......  sometimes it pays to listen.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on December 29, 2017, 12:42:56 PM
Quote from: Mayday on December 29, 2017, 12:25:22 PM

Disgusted, read my above post again and then look at the chart for the 'tip' you told everybody to buy and then your brag about making triple your money.

Your NYC is following the same trend i post above, to the day in fact as it started its predicted dump trend on the 28th.... those who jumped in based on your advice are now being burned.

You refused to even give any details about what it was or what was about to happen. merely a 'dont miss out' conman type of speil.

Seriously, not good mate.  i even outlined everything for you to help you.......  sometimes it pays to listen.

Just like his Magic Powder pre workout scheme with Kamali a few years back.

I like Jim but he needs to be a little more forthright with getbiggers and not treat us like a bunch of asshole marks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on December 29, 2017, 12:56:19 PM
Quote from: Mayday on December 29, 2017, 12:25:22 PM

Disgusted, read my above post again and then look at the chart for the 'tip' you told everybody to buy and then your brag about making triple your money.

Your NYC is following the same trend i post above, to the day in fact as it started its predicted dump trend on the 28th.... those who jumped in based on your advice are now being burned.

You refused to even give any details about what it was or what was about to happen. merely a 'dont miss out' conman type of speil.

Seriously, not good mate.  i even outlined everything for you to help you.......  sometimes it pays to listen.

This thread is full of delusion and investor wannabes.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Disgusted on December 29, 2017, 08:47:15 PM
Embercoin, just paid out big! 3000%. Mayday was you in on this one? On this one I fucked up and didn't buy till 1500% and didn't put much into it because I didn't think it would go much higher. I lost out big time on that one.  :(
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Disgusted on December 29, 2017, 09:05:44 PM
Quote from: Mayday on December 29, 2017, 12:25:22 PM

Disgusted, read my above post again and then look at the chart for the 'tip' you told everybody to buy and then your brag about making triple your money.

Your NYC is following the same trend i post above, to the day in fact as it started its predicted dump trend on the 28th.... those who jumped in based on your advice are now being burned.

You refused to even give any details about what it was or what was about to happen. merely a 'dont miss out' conman type of speil.

Seriously, not good mate.  i even outlined everything for you to help you.......  sometimes it pays to listen.


No one is being burned.  ::) Someone dumped it and now everyone is. This creates a panic and drives it low.  If you knew how this works it's being done for a reason. They will buy low and pump it and make millions.

The first buy on NYC made me over 3K in hours. I sold and now bought back. It was Christmas eve and I was literally in a check out line when I got the alert and I dropped my stuff ran to my car and sold.  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 29, 2017, 09:10:32 PM
LOL you are a con artist mate.

you give a secret tip. must buy now. give zero details.

then after i warn of a pump and dump and its a dog, it then plays out and yiu come back and say 'if you knew how it worked....'

fucking noob lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Disgusted on December 29, 2017, 09:13:10 PM
Quote from: Mayday on December 29, 2017, 09:10:32 PM
LOL you are a con artist mate.

you give a secret tip. must buy now. give zero details.

then after i warn of a pump and dump and its a dog, it then plays out and yiu come back and say 'if you knew how it worked....'

fucking noob lol

There are no secret tips. Do your fucking research and stop being lazy and asking me "what guy"  ::) told me. How am I conning you? Did I ask you for anything? Everyone is a noob when it comes to crypto's. You come on here and talk about upticks and candlesticks and other bull shit. You have no idea what you are doing. I've got 21,500,000 NYC coins IF it goes up to a nickel I'll post my BTC for you to see. I also bought 1 million Dogecoins back in Jan. and everyone laughed at me. Go back and see what I paid and what they are worth now. Yep maybe I'm a noob but I'm OK with that title.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on December 30, 2017, 04:57:27 AM
Quote from: Disgusted on December 29, 2017, 09:13:10 PM
There are no secret tips. Do your fucking research and stop being lazy and asking me "what guy"  ::) told me. How am I conning you? Did I ask you for anything? Everyone is a noob when it comes to crypto's. You come on here and talk about upticks and candlesticks and other bull shit. You have no idea what you are doing. I've got 21,500,000 NYC coins IF it goes up to a nickel I'll post my BTC for you to see. I also bought 1 million Dogecoins back in Jan. and everyone laughed at me. Go back and see what I paid and what they are worth now. Yep maybe I'm a noob but I'm OK with that title.

Why do you invest in shitcoins?Got lucky with doge as 'the normies' are just buying low cent coins and ignoring marketcap, it wont stay that way for long.Get off cryptopia and on to some real exchanges.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 30, 2017, 04:59:54 AM
Quote from: el numero uno on December 29, 2017, 12:56:19 PM
This thread is full of delusion and investor wannabes.

Worse than that, most think they're investing geniuses and they're equating the amount of money they make with their IQ level and/or investing prowess.  

All of this is pure speculation and gambling.  There is tremendous risk playing with these things.  Exchanges can go off-line, a whale can sell and crater the price, power can go out, they can be hacked, stolen, whatever.  

A few will be able to time it correctly and make a few bucks, but eventually this Ponzi casino will end.  The majority will be left holding the bag.  Some of them will be taking swan dives off tall skyscrapers.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 30, 2017, 05:02:21 AM
Quote from: Disgusted on December 29, 2017, 09:13:10 PM
There are no secret tips. Do your fucking research and stop being lazy and asking me "what guy"  ::) told me. How am I conning you? Did I ask you for anything? Everyone is a noob when it comes to crypto's. You come on here and talk about upticks and candlesticks and other bull shit. You have no idea what you are doing. I've got 21,500,000 NYC coins IF it goes up to a nickel I'll post my BTC for you to see. I also bought 1 million Dogecoins back in Jan. and everyone laughed at me. Go back and see what I paid and what they are worth now. Yep maybe I'm a noob but I'm OK with that title.

You got lucky.  Plain and simple.  Could've easily gone the other way.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 30, 2017, 05:57:09 AM
It is insane how much money is pouring into Ripple these days.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 30, 2017, 06:08:26 AM
Quote from: FitnessFrenzy on December 30, 2017, 05:57:09 AM
It is insane how much money is pouring into Ripple these days.

As I said a few pages ago, bitcoin has been played out.  The large % gains are over.  Anyone who still thinks bitcoin is going to 100K, then 1 million is fuking delusional.

People are now moving into the penny cryptos in hopes of getting a 10-20x bagger.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Shizzo on December 30, 2017, 08:43:51 AM
Just a new rush for gamblers. Unless you are an insider, you better dump after a reasonable profit.

The house always wins in the long run. The key, is knowing when to bow out gracefully.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on December 30, 2017, 08:59:38 AM
Going down = no gib

dead cat bounce = gib posting every 30 seconds
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on December 30, 2017, 09:01:14 AM
Quote from: TheGrinch on December 30, 2017, 08:59:38 AM
Going down = no gib

dead cat bounce = gib posting every 30 seconds

He just went out to pick up the newspaper, he'll be back any second now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gmflex on December 30, 2017, 02:38:00 PM
For anybody looking to buy from a legit company..


https://www.coinbase.com (https://www.coinbase.com)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on December 30, 2017, 04:29:56 PM
Quote from: polychronopolous on December 30, 2017, 09:01:14 AM
He just went out to pick up the newspaper, he'll be back any second now.



GIB       Last Active:    Today at 02:21:30 PM   ;D


BTC back into the 12k range. Cap in the whole crypto space has gone from 625b to 567b in a day. Considering that Cardano and Ripple have exploded upward that means A LOT of money is being pulled out right now, and we have another day to go. Will be interesting to see what kind of buy back there will be at the New Year. If there isn't a big buyback in the first couple days it's going much lower IMO.

Those of you in the USA who haven't looked into the new tax law should. The tax law is vague about what is considered a taxable event....not just selling for gain but also moving from one token to another and moving to a wallet, etc. Scary stuff if you trade because after all this is a ledger that keeps better records than you likely will...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Disgusted on December 30, 2017, 08:02:35 PM
Quote from: Army of One on December 30, 2017, 04:57:27 AM
Why do you invest in shitcoins?Got lucky with doge as 'the normies' are just buying low cent coins and ignoring marketcap, it wont stay that way for long.Get off cryptopia and on to some real exchanges.

Too make money and why do you think I use Cryptopia?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Disgusted on December 30, 2017, 08:03:53 PM
Quote from: Mr Anabolic on December 30, 2017, 05:02:21 AM
You got lucky.  Plain and simple.  Could've easily gone the other way.

I bought  NYC low and sold high. Re bought low and NYC is up again almost 40% in the last hour. I guess I got lucky again.

https://coinmarketcap.com/currencies/newyorkcoin/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Disgusted on December 30, 2017, 08:04:28 PM
Quote from: gmflex on December 30, 2017, 02:38:00 PM
For anybody looking to buy from a legit company..


https://www.coinbase.com (https://www.coinbase.com)

Gdax is owned by Coinbase but lower fees.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Disgusted on December 30, 2017, 08:06:40 PM
Quote from: FitnessFrenzy on December 30, 2017, 05:57:09 AM
It is insane how much money is pouring into Ripple these days.

Another one I missed on. A friend of mine in banking told me to by Ripple at .18 over the summer. I had about 4000 of them and sold about a month ago. People swore it would never go above a dollar. Ripple is super fast and the banking industry is using it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on December 30, 2017, 11:32:13 PM
pump and dump . . . one fad token moving to the next . .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 31, 2017, 05:06:48 AM
Quote from: Disgusted on December 30, 2017, 08:03:53 PM
I bought  NYC low and sold high. Re bought low and NYC is up again almost 40% in the last hour. I guess I got lucky again.

https://coinmarketcap.com/currencies/newyorkcoin/

What an investment genius!!!



 ::)




Yup, you got lucky.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 31, 2017, 05:10:27 AM
Quote from: DooM_ on December 30, 2017, 11:32:13 PM
pump and dump . . . one fad token moving to the next . .

Essentially, that's all they are.  Bitcoin is played out, this is why the price hasn't moved. 

All these Ponzi coins depend on the "greater fool principle". 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on December 31, 2017, 08:07:06 AM
Quote from: Mr Anabolic on December 31, 2017, 05:10:27 AM
Essentially, that's all they are.  Bitcoin is played out, this is why the price hasn't moved. 

All these Ponzi coins depend on the "greater fool principle". 

If I got a dollar every time I heard you say "Bitcoin is played out"...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 31, 2017, 08:10:42 AM
Why do all of you care what GIB does with his money? I know, I know, you're doing it for the greater good to ensure others do not fall into the same trap.

You guys are such noble individuals!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 31, 2017, 08:12:45 AM
Quote from: Slapper on December 31, 2017, 08:07:06 AM
If I got a dollar every time I heard you say "Bitcoin is played out"...

A dollar?  lol   Wouldn't you rather have a blipcoin instead?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 31, 2017, 08:15:49 AM
Quote from: SF1900 on December 31, 2017, 08:10:42 AM
Why do all of you care what GIB does with his money? I know, I know, you're doing it for the greater good to ensure others do not fall into the same trap.

You guys are such noble individuals!!


Hail to King Crypto!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on December 31, 2017, 08:24:54 AM
This thread is like someone winning the lottery and then coming on here to promote their "How to win the lottery" ebook for $39.95


luck /= skill

luck /= knowledge

"A rising tide lifts all boats"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on December 31, 2017, 09:23:24 AM
The downfall of bitcoin is going to be all of these other scam coins popping up. They’ll draw the negative attention to all cryptos and cause mot governments to step in and stop them all.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on December 31, 2017, 09:40:53 AM
Quote from: TheGrinch on December 31, 2017, 08:24:54 AM
This thread is like someone winning the lottery and then coming on here to promote their "How to win the lottery" ebook for $39.95


luck /= skill

luck /= knowledge

"A rising tide lifts all boats"

Exactly.

And it's annoying to read them brag about how great they are at investing. They're wannabes.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 31, 2017, 09:51:25 AM
Quote from: El Diablo Blanco on December 31, 2017, 09:23:24 AM
The downfall of bitcoin is going to be all of these other scam coins popping up. They’ll draw the negative attention to all cryptos and cause mot governments to step in and stop them all.

Maybe.  

I have a gut feeling that blipcoin is simply a beta test for a global, all digital currency.  It's very possible that some government agency or think-tank created it.  

IMO, government will eventually clamp down on all these cryptos that are running wild and replace it with a "Fedcoin".  How might they do this?  Here are some possible scenarios:  

1. Governments ban together and enact a global law to ban all non-official cryptos.  
2. They don't ban cryptos per se, but they will ban conversion of cryptos into local fiat currencies, and ban bank account transfers from crypto exchanges.
3. A major terrorist attack will occur funded with crypto (or government will simply claim it was funded with crypto).  All cryptos would be deemed illegal soon after the attack.

TPTB want to control every currency instrument out there.  When they have the control of the money, the people are controlled.  TPTB already have all the wealth, but they don't have complete control over everyone, not yet anyway.  An all digital currency would make that so much easier.  TPTB would be able to trace, track and tax every single transaction you make and earn.  You don't do what the government says or do something they deem inappropriate?... they simply turn off your access to your digital funds with the push of a button.  That is some scary shit.  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on December 31, 2017, 10:05:33 AM
Yes. A full push to digital currency will allow the government to control its people from a keyboard.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 02, 2018, 01:36:37 AM
Quote from: Mr Anabolic on December 31, 2017, 08:15:49 AM

Hail to King Crypto!

Thank you. Thank you. I’m just providing facts which I hope all found helpful.

Bitcoin returned around 1300% in 2017. If it gains even just 500% in 2018 that would bring us to around 75K per coin. I maintain that 40k end of 2018 is quite likely. (And if you look at this entire thread you will see that I have been quite conservative. For example in September 2017 I said 10k was possible - we ended up blasting though the 10k barrier.

Right now, the cost of a 1000 santoshies is a little over 1 cent. So I suggest you all buy yourselves a few and sit tight.

I made far far more on stocks and property in 2017 than bitcoin but the % return on btc blew away my other returns. It’s likely this will be the case in 2018 also.

It’s also likely that at some point the market that has splintered into a multitude of crypto and icos will revert and gravitate strongly and collectively back to bitcoin. There are many many powers that be with vested interests who will be doing their best to make sure this happens.

What I am most happy about is not the gains themselves but rather that I have an anonymous store of wealth that is transferable and transferable without boarders. It’s an interesting future ahead and I want to be sure I’m prepared.

Any questions I’m happy to answer. Prefer not to PM me as I would rather just share my advise broadly.

Wishing everyone the best in 2018. (PS for the first time ever I bought a gold mining company etf - so I now have some gold exposure albeit very nominal)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 02, 2018, 01:57:55 AM
Quote from: Mr Anabolic on December 31, 2017, 09:51:25 AM
Maybe.  

I have a gut feeling that blipcoin is simply a beta test for a global, all digital currency.  It's very possible that some government agency or think-tank created it.  

IMO, government will eventually clamp down on all these cryptos that are running wild and replace it with a "Fedcoin".  How might they do this?  Here are some possible scenarios:  

1. Governments ban together and enact a global law to ban all non-official cryptos.  
2. They don't ban cryptos per se, but they will ban conversion of cryptos into local fiat currencies, and ban bank account transfers from crypto exchanges.
3. A major terrorist attack will occur funded with crypto (or government will simply claim it was funded with crypto).  All cryptos would be deemed illegal soon after the attack.

TPTB want to control every currency instrument out there.  When they have the control of the money, the people are controlled.  TPTB already have all the wealth, but they don't have complete control over everyone, not yet anyway.  An all digital currency would make that so much easier.  TPTB would be able to trace, track and tax every single transaction you make and earn.  You don't do what the government says or do something they deem inappropriate?... they simply turn off your access to your digital funds with the push of a button.  That is some scary shit.  
Any you are cool with this? Trying to understand why you are cheer leading TPTB and their lust for total control and wealth. Why would that ever be acceptable and a good thing? Or maybe you're a cuck that offers zero resistance and look up to them as your master? That is fucking weak!

Look, TPTB take a shit like everyone else. Their shit stinks like everyone else. They are mere mortals like everyone else. The time has come to straighten out TPTB. What should happen is a global jihad should be declared on TPTB and their entire bloodlines should be wiped out. Go after those that protect them. Offer them more money, corrupt them. But the reality is they have to go down. That is a certainty. Fuck TPTB!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: calfzilla on January 02, 2018, 02:01:37 AM
Quote from: gib on January 02, 2018, 01:36:37 AM
Thank you. Thank you. I’m just providing facts which I hope all found helpful.

Bitcoin returned around 1300% in 2017. If it gains even just 500% in 2018 that would bring us to around 75K per coin. I maintain that 40k end of 2018 is quite likely. (And if you look at this entire thread you will see that I have been quite conservative. For example in September 2017 I said 10k was possible - we ended up blasting though the 10k barrier.

Right now, the cost of a santoshi is a little over 1 cent. So I suggest you all buy yourselves a few and sit tight.

I made far far more on stocks and property in 2017 than bitcoin but the % return on btc blew away my other returns. It’s likely this will be the case in 2018 also.

It’s also likely that at some point the market that has splintered into a multitude of crypto and icos will revert and gravitate strongly and collectively back to bitcoin. There are many many powers that be with vested interests who will be doing their best to make sure this happens.

What I am most happy about is not the gains themselves but rather that I have an anonymous store of wealth that is transferable and transferable without boarders. It’s an interesting future ahead and I want to be sure I’m prepared.

Any questions I’m happy to answer. Prefer not to PM me as I would rather just share my advise broadly.

Wishing everyone the best in 2018. (PS for the first time ever I bought a gold mining company etf - so I now have some gold exposure albeit very nominal)

So you think you will be able to legally cash out your bitcoin and not pay taxes on it?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bevo on January 02, 2018, 02:56:09 AM
Quote from: gib on January 02, 2018, 01:36:37 AM
Thank you. Thank you. I’m just providing facts which I hope all found helpful.

Bitcoin returned around 1300% in 2017. If it gains even just 500% in 2018 that would bring us to around 75K per coin. I maintain that 40k end of 2018 is quite likely. (And if you look at this entire thread you will see that I have been quite conservative. For example in September 2017 I said 10k was possible - we ended up blasting though the 10k barrier.

Right now, the cost of a 1000 santoshies is a little over 1 cent. So I suggest you all buy yourselves a few and sit tight.

I made far far more on stocks and property in 2017 than bitcoin but the % return on btc blew away my other returns. It’s likely this will be the case in 2018 also.

It’s also likely that at some point the market that has splintered into a multitude of crypto and icos will revert and gravitate strongly and collectively back to bitcoin. There are many many powers that be with vested interests who will be doing their best to make sure this happens.

What I am most happy about is not the gains themselves but rather that I have an anonymous store of wealth that is transferable and transferable without boarders. It’s an interesting future ahead and I want to be sure I’m prepared.

Any questions I’m happy to answer. Prefer not to PM me as I would rather just share my advise broadly.

Wishing everyone the best in 2018. (PS for the first time ever I bought a gold mining company etf - so I now have some gold exposure albeit very nominal)


Hmmm don’t you mean “satoshis?”

“Santoshies”  haha
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 02, 2018, 03:33:31 AM
Quote from: calfzilla on January 02, 2018, 02:01:37 AM
So you think you will be able to legally cash out your bitcoin and not pay taxes on it?
Yes. Firstly because I live in a jurisdiction where there is zero tax paid on capital gains.

Second, yes because I any country people can buy and sell bitcoin peer to peer. (Tax only being an issue in practice if you receive a traceable payment (eg in a bank account).

And 3rd, if you wish to pay tax (or live somewhere where this is required then the tax would be no worse than what you pay on gains in stock or gold). And either way I would not feel too sorry for someone who is paying tax on an 1300% gain.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 02, 2018, 03:36:13 AM
Quote from: Bevo on January 02, 2018, 02:56:09 AM

Hmmm don’t you mean “satoshis?”

“Santoshies”  haha

I mean 1/00000001 of a bitcoin. Affectionately called santoshies. Looks much cuter.

Technically the correct term, both singular and plural is Santishi.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bevo on January 02, 2018, 03:39:10 AM
Quote from: gib on January 02, 2018, 03:36:13 AM
I mean 1/00000001 of a bitcoin. Affectionately called santoshies. Looks much cuter.

Technically the correct term, both singular and plural is Santishi.

Haha gotcha  ;D

I’m not very knowledgeable about bitcoins but do know the basics, how to do you buy Satoshis though? Basically 2 dollars or 3 dollars worth of a bitcoin?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 02, 2018, 04:06:13 AM
Quote from: Bevo on January 02, 2018, 03:39:10 AM
Haha gotcha  ;D

I’m not very knowledgeable about bitcoins but do know the basics, how to do you buy Satoshis though? Basically 2 dollars or 3 dollars worth of a bitcoin?

Yes correct :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on January 02, 2018, 05:12:18 AM
Quote from: gib on January 02, 2018, 01:36:37 AM
Thank you. Thank you. I’m just providing facts which I hope all found helpful.

Bitcoin returned around 1300% in 2017. If it gains even just 500% in 2018 that would bring us to around 75K per coin. I maintain that 40k end of 2018 is quite likely. (And if you look at this entire thread you will see that I have been quite conservative. For example in September 2017 I said 10k was possible - we ended up blasting though the 10k barrier.

Right now, the cost of a 1000 santoshies is a little over 1 cent. So I suggest you all buy yourselves a few and sit tight.

I made far far more on stocks and property in 2017 than bitcoin but the % return on btc blew away my other returns. It’s likely this will be the case in 2018 also.

It’s also likely that at some point the market that has splintered into a multitude of crypto and icos will revert and gravitate strongly and collectively back to bitcoin. There are many many powers that be with vested interests who will be doing their best to make sure this happens.

What I am most happy about is not the gains themselves but rather that I have an anonymous store of wealth that is transferable and transferable without boarders. It’s an interesting future ahead and I want to be sure I’m prepared.

Any questions I’m happy to answer. Prefer not to PM me as I would rather just share my advise broadly.

Wishing everyone the best in 2018. (PS for the first time ever I bought a gold mining company etf - so I now have some gold exposure albeit very nominal)

And here we go again. 

Yeah, it grew 1300% (due to pure speculation) in one year therefore it will grow at least 500% the next year. Nice logic.  ::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on January 02, 2018, 05:22:36 AM
Quote from: gib on January 02, 2018, 01:36:37 AM
Thank you. Thank you. I’m just providing facts which I hope all found helpful.

Bitcoin returned around 1300% in 2017. If it gains even just 500% in 2018 that would bring us to around 75K per coin. I maintain that 40k end of 2018 is quite likely. (And if you look at this entire thread you will see that I have been quite conservative. For example in September 2017 I said 10k was possible - we ended up blasting though the 10k barrier.

Right now, the cost of a 1000 santoshies is a little over 1 cent. So I suggest you all buy yourselves a few and sit tight.

I made far far more on stocks and property in 2017 than bitcoin but the % return on btc blew away my other returns. It’s likely this will be the case in 2018 also.

It’s also likely that at some point the market that has splintered into a multitude of crypto and icos will revert and gravitate strongly and collectively back to bitcoin. There are many many powers that be with vested interests who will be doing their best to make sure this happens.

What I am most happy about is not the gains themselves but rather that I have an anonymous store of wealth that is transferable and transferable without boarders. It’s an interesting future ahead and I want to be sure I’m prepared.

Any questions I’m happy to answer. Prefer not to PM me as I would rather just share my advise broadly.

Wishing everyone the best in 2018. (PS for the first time ever I bought a gold mining company etf - so I now have some gold exposure albeit very nominal)


 ??? ??? ???

Quote from: gib on December 22, 2017, 03:54:39 PM
Why do u think I disappear? I told I’m here.

Everything I have stated to date is correct. Go and re-read if needed.

Is it possible that btc will hit 100k or 1m at some point? Yes it is.

BTC is up over a 3 year time line.  And over 2 years. And 1 year. And 6 months. And 3 months. And even 1 month (and probably even half a month?). All a matter of perspective...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 02, 2018, 05:44:25 AM
Quote from: el numero uno on January 02, 2018, 05:22:36 AM

 ??? ??? ???


No original thoughts or ideas, just another crypto pumptard that jumped on the bandwagon in 2017.  He contradicts himself constantly too.


$1,000,0000!!!


Mental illness.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 02, 2018, 08:21:03 AM
We put so much emphasis and discussion on Bitcoin in this thread.

You do realize Ethereum almost hit $900 dollars today?

It just seems like that little side guy that nobody pays attention to but yet continues to get bigger and bigger.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 02, 2018, 08:55:03 AM
Quote from: el numero uno on January 02, 2018, 05:22:36 AM

 ??? ??? ???


GIB will be a millionaire in no time at all! Just wait!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 02, 2018, 11:35:46 AM
I'm thinking of trading my bit of bitcoin for ethereum.

What is the point to hold bitcoin now? It's not really usable as a currency.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 02, 2018, 12:22:01 PM
Quote from: el numero uno on January 02, 2018, 05:12:18 AM
And here we go again. 

Yeah, it grew 1300% (due to pure speculation) in one year therefore it will grow at least 500% the next year. Nice logic.  ::)

Every asset price is a function of “speculation”.

Nice logic.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 02, 2018, 12:23:26 PM
Quote from: SF1900 on January 02, 2018, 08:55:03 AM
GIB will be a millionaire in no time at all! Just wait!

Already is one (just not a bitcoin millionaire).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 02, 2018, 12:25:57 PM
Quote from: Griffith on January 02, 2018, 11:35:46 AM
I'm thinking of trading my bit of bitcoin for ethereum.

What is the point to hold bitcoin now? It's not really usable as a currency.

It’s more usable than gold or sliver as a currency. I would suggest thinking of it more as a store of value. We will likely see offshoots though that are more used as currency for daily transactions.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 02, 2018, 12:28:05 PM
Quote from: gib on January 02, 2018, 12:23:26 PM
Already is one (just not a bitcoin millionaire).

Now it makes sense why getbiggers are jealous of your bitcoin investments!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 02, 2018, 12:31:50 PM
Quote from: Griffith on January 02, 2018, 11:35:46 AM
I'm thinking of trading my bit of bitcoin for ethereum.

What is the point to hold bitcoin now? It's not really usable as a currency.

Exciting technology that is applicable to the economy.

Super young, rock star founder in Vitalik Buterin.

Sky is the limit with Ethereum.

I’m HODL all the way.

(https://d1k8qpc2ohemxm.cloudfront.net/59304716134f61846cb92217/american-apparel-t-shirt-DBDBDB.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tres_taco_combo on January 02, 2018, 12:57:46 PM
ripple

if you invested $5k in 2016 it would be worth $31 mil today  :-[
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on January 02, 2018, 01:53:49 PM
Quote from: gib on January 02, 2018, 12:22:01 PM
Every asset price is a function of “speculation”.

Nice logic.

lol wat ???

Do you really think other assets are affected by speculation to the same degree as bitcoin?

Is it normal for you to see an asset appreciate 1200% a year?

You're delusional.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 02, 2018, 03:26:31 PM
Quote from: el numero uno on January 02, 2018, 01:53:49 PM
lol wat ???

Do you really think other assets are affected by speculation to the same degree as bitcoin?

Is it normal for you to see an asset appreciate 1200% a year?

You're delusional.

All assets are speculative. Bitcoin more than some and less than others.

Hope that helps. Reality, not delusion.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 02, 2018, 04:57:36 PM
I must say, even though I do not have any money invested in bitcoin, I much prefer this thread when it is hitting new highs and gib is giving updates every so often.

It just gets my juices flowing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bevo on January 02, 2018, 05:28:09 PM
Quote from: gib on January 02, 2018, 03:26:31 PM
All assets are speculative. Bitcoin more than some and less than others.

Hope that helps. Reality, not delusion.

bitcoin keeps going up  ;D

Silly question here but what’s the difference between bitcoin which is btc and bitcoin cash bth?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on January 02, 2018, 06:01:12 PM
Quote from: polychronopolous on January 02, 2018, 04:57:36 PM
I much prefer this thread when it is hitting new highs and gib is giving updates every so often.

It just gets my juices flowing.

try blowing the defunct brain matter out the back of ur useless skull, lotta juice lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 02, 2018, 06:09:59 PM
Quote from: Zillotch on January 02, 2018, 06:01:12 PM
try blowing the defunct brain matter out the back of ur useless skull, lotta juice lol

Hey! You little rascal!  :D :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on January 02, 2018, 07:05:15 PM
Fellas, do you know of a crypto wallet that can hold BTC, LTC, ETH, XRP, ADA and EOS?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 02, 2018, 11:08:55 PM
Quote from: polychronopolous on January 02, 2018, 04:57:36 PM
I must say, even though I do not have any money invested in bitcoin, I much prefer this thread when it is hitting new highs and gib is giving updates every so often.

It just gets my juices flowing.

Hang it there. New highs are on the way :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bevo on January 03, 2018, 12:17:50 AM
Quote from: jr on January 02, 2018, 10:23:43 PM
Bitcoin has a block size of 1 megabyte and bitcoin cash has 8 megabytes. The blocks are where transactions get recorded, on a "blockchain" which is a series of blocks connected in time one after the other. These blocks are made every 10 minutes or so.

This means during times of large amounts of transactions (like the past few months), the Bitcoin 1 MB block gets filled up quickly and there are lots of left over transactions that end up in a buffer until the next block. People who pay the highest fees get priority. This is why fees are so high and transactions slow with bitcoin because so many people are bidding with fees to get the transaction confirmed quickly.

If you put a fee too low, your transaction might take days or weeks to get into the next block. If you want your transaction to make it in the next 10 minutes block you need a $20 fee at the moment due to too much demand on the system.

Bitcoin Cash has 8 MB block, so at the moment every transaction gets recorded into the next block within 10 minutes with a few cents fee because there is so much space in the block.

That's the main difference. Bitcoin is pretty much useless for buying stuff due to the fees and slowness. Bitcoin cash works much better for that.




Ok thanks, so just invest money in both? Haha
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 03, 2018, 12:21:11 AM
Peter Thiel starts to invest in Bitcoin ...

www.coindesk.com/report-founders-fund-boasts-hundred-million-dollar-return-with-bitcoin-bet/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 03, 2018, 12:25:24 AM
Quote from: Bevo on January 03, 2018, 12:17:50 AM

Ok thanks, so just invest money in both? Haha

Yes. Both. Buy bitcoin and hold any forks, derivatives and modifications.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bevo on January 03, 2018, 12:29:15 AM
Quote from: gib on January 03, 2018, 12:25:24 AM
Yes. Both. Buy bitcoin and hold any forks, derivatives and modifications.

So invest the same in each or is there an advantage long term one over the other?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 03, 2018, 12:30:41 AM
Quote from: gib on January 03, 2018, 12:21:11 AM
Peter Thiel starts to invest in Bitcoin ...

www.coindesk.com/report-founders-fund-boasts-hundred-million-dollar-return-with-bitcoin-bet/

“Thiel was quoted saying he believes the critics of bitcoin are "underestimating" the cryptocurrency and that bitcoin is like gold – meaning it has more potential as a long-term store of value than as an everyday payment method.”
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gmflex on January 03, 2018, 06:17:07 AM
Quote from: gib on December 15, 2017, 01:36:19 AM
Not familiar with that particular machine but yes bitcoin ATM machines are popping up all over the place. You can buy and sell btc via these machines in any country. Easy.

Coinme.com ATM fee is 10% to buy bitcoins
Thoughts on the fee?
About right?
Too much?

Also what happens if the ATM is removed from the mall?

Can you continue to have access to your money in your coinme wallet?
To purchase and sell using your coinme wallet on the internet??
 Are your able to use your coinme wallet to buy from other companies?
Example coinbase etc...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 03, 2018, 12:08:18 PM
Quote from: gib on January 02, 2018, 11:08:55 PM
Hang it there. New highs are on the way :)

Like I said several pages ago, blipcoin has been played out. 

The crypto gamblers are moving into the lower cost coins. 

The human greed factor is very seductive... and foolish.   

All of this will eventually end... badly.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 03, 2018, 12:12:05 PM
Quote from: gib on January 03, 2018, 12:21:11 AM
Peter Thiel starts to invest in Bitcoin ...

www.coindesk.com/report-founders-fund-boasts-hundred-million-dollar-return-with-bitcoin-bet/

Guy has billions and wants more money.  Pure greed.  Peter the great can afford to lose 20 million dollars if blipcoins go to zero. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 03, 2018, 04:29:57 PM
Quote from: Mr Anabolic on January 03, 2018, 12:12:05 PM
Guy has billions and wants more money.  Pure greed.  Peter the great can afford to lose 20 million dollars if blipcoins go to zero. 

Yes correct. (And by the way any investment has “gread” as a motivator. That’s the entire point - we want to turn money into more money).

He has made huge amounts and been an investor in many companies that have risen massively in value:

Facebook, PayPal, Airbnb, space x, Lyft, etc so yeah with his visionary track record can afford to lose more than just a bit.

This is his first investment in an actual crypto currency though. (And note it’s bitcoin and nothing else - I have explained the rationale for this line of thinking earlier).

It’s well worth noting that he serves on the president Trump’s US technology advisory council. (What does that tell you about what he knows and what he will be advocating).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tres_taco_combo on January 03, 2018, 04:51:04 PM
the standard cryptos are out and about

eventually China and Russia will introduce their own

i want in on this russian one that putin will engineer.  that is the one i am waiting on

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on January 03, 2018, 05:01:15 PM
Gib. Stop
Posting positive press about bitcoin from guys who themselves are invested in it. I give you props. You rode this out when everyone said to sell but you might want to now unless you don’t care if it goes down below $1000 again.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on January 03, 2018, 05:07:15 PM
Quote from: polychronopolous on January 02, 2018, 12:31:50 PM
Exciting technology that is applicable to the economy.

Super young, rock star founder in Vitalik Buterin.

Sky is the limit with Ethereum.

I’m HODL all the way.

(https://d1k8qpc2ohemxm.cloudfront.net/59304716134f61846cb92217/american-apparel-t-shirt-DBDBDB.jpg)

Exactly,Euthereum is gonna blow the fuck up.Almost 1000 now.crazy times.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 03, 2018, 05:14:55 PM
Bitcoin price back up to over 15k!!

Go GIB!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 03, 2018, 06:42:12 PM
Quote from: El Diablo Blanco on January 03, 2018, 05:01:15 PM
Gib. Stop
Posting positive press about bitcoin from guys who themselves are invested in it. I give you props. You rode this out when everyone said to sell but you might want to now unless you don’t care if it goes down below $1000 again.

Thanks. I would be fine if it went to 1k. It could theoretically go to zero.

What I will probably do is sell a single coin at 20K and then I’ve basically covered my entire initial investment costs.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 03, 2018, 06:45:23 PM
But again, as I have said, the biggest positive driver of btc this year may be the emergence of approved and regulated Bitcoin ETFs. There is a really possibly this could happen and that would literally open the floodgates for find money and mom & pop money to flow in. It’s a possibility worth taking a punt on I reckon.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 03, 2018, 07:12:15 PM
Somebody is not paying attention to BTC market cap dominance. Down to 34% and falling. It's being bled into other tokens.

It's obvious now that all that banks have to do is buy big into one coin (cough, RIPPLE) they like and all the money will flow into it.

People that think this is bank-busting, world-saving, power to the people tech will look back on this time and realize that investors were willing to do anything for a gain and happily be led into the new system.


Also, there's a huge security issue that affects virtually ALL devices that run Intel or AMD:

https://www.yahoo.com/finance/news/security-flaws-put-virtually-phones-003133675.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 03, 2018, 07:17:02 PM
GIB, if you become a bitcoin billionaire, can I move in with you?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tres_taco_combo on January 03, 2018, 07:31:01 PM
Quote from: SOMEPARTS on January 03, 2018, 07:12:15 PM
Somebody is not paying attention to BTC market cap dominance. Down to 34% and falling. It's being bled into other tokens.

It's obvious now that all that banks have to do is buy big into one coin (cough, RIPPLE) they like and all the money will flow into it.

People that think this is bank-busting, world-saving, power to the people tech will look back on this time and realize that investors were willing to do anything for a gain and happily be led into the new system.


Also, there's a huge security issue that affects virtually ALL devices that run Intel or AMD:

https://www.yahoo.com/finance/news/security-flaws-put-virtually-phones-003133675.html

what is your price protection for ripple? its 3.30 now
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: luckyone on January 03, 2018, 08:00:17 PM
Quote from: gib on January 03, 2018, 06:45:23 PM
But again, as I have said, the biggest positive driver of btc this year may be the emergence of approved and regulated Bitcoin ETFs. There is a really possibly this could happen and that would literally open the floodgates for find money and mom & pop money to flow in. It’s a possibility worth taking a punt on I reckon.

Hi Bro, quick question  from a newbie. What are  Bitcoin ETFs?

your brother in Christ,

Lucky
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 03, 2018, 08:32:31 PM
Quote from: SOMEPARTS on January 03, 2018, 07:12:15 PM
Somebody is not paying attention to BTC market cap dominance. Down to 34% and falling. It's being bled into other tokens.

It's obvious now that all that banks have to do is buy big into one coin (cough, RIPPLE) they like and all the money will flow into it.

People that think this is bank-busting, world-saving, power to the people tech will look back on this time and realize that investors were willing to do anything for a gain and happily be led into the new system.


Also, there's a huge security issue that affects virtually ALL devices that run Intel or AMD:

https://www.yahoo.com/finance/news/security-flaws-put-virtually-phones-003133675.html

The chip security flaw will be fixed.

Yes, BTC % vs total crypto market cap is at an all time low. This of course is fine, provided that the total crypto market cap increases faster than the % decline % of BT dominance. In other words, a rising tide, can float all boats. But, and here is the big but, when that tide ebbs, which boats will still be floating?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 03, 2018, 08:33:33 PM
Quote from: SF1900 on January 03, 2018, 07:17:02 PM
GIB, if you become a bitcoin billionaire, can I move in with you?

Billionaire? In USD? Sure if I get to that level you can come stay anytime you like. I'll even buy you a place of your own!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 03, 2018, 08:41:44 PM
Quote from: luckyone on January 03, 2018, 08:00:17 PM
Hi Bro, quick question  from a newbie. What are  Bitcoin ETFs?

your brother in Christ,

Lucky

ETF = Electronically Traded Fund. So basically, you would be able to buy and get exposure to a listed security (like any stock on the stock US stock exchange) that consists exclusively of or tracks the value of bitcoin. You would be able to buy/sell as you to with any other publicly traded stock, in any amount.

So, not more worries about trying to find a way to get money onto a crypto exchange with uncooperative banks. No more concerns about security, storage, account hackers, losing passwords etc. You would see a market price of the fund on the stock exchange, and you could simply buy direct.

Not only will this massively add to the legitimacy of BTC a tradeable store of value (putting it again in the same category as gold), but it would likely lead to a big flow of funds into Bitcoin.

I estimate the change of this happening in 2018 at around 30% likelihood.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 03, 2018, 09:19:57 PM
Quote from: gib on January 03, 2018, 08:32:31 PM
The chip security flaw will be fixed.

Yes, BTC % vs total crypto market cap is at an all time low. This of course is fine, provided that the total crypto market cap increases faster than the % decline % of BT dominance. In other words, a rising tide, can float all boats. But, and here is the big but, when that tide ebbs, which boats will still be floating?




Well, it's not going to be the platform with prehistoric tech that banks won't adopt. It's the AOL of crypto. It may very well go back up to 20k for a bit but it's not going to be digital gold. It has only been the "reserve currency" of crypto because it was first, easiest to buy and frankly hardest to cash out from.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 03, 2018, 09:30:30 PM
Quote from: tres_taco_combo on January 03, 2018, 07:31:01 PM
what is your price protection for ripple? its 3.30 now


I don't have enough that it matters. I'm only in crypto to buy a small amount, hold and learn the tech. It's all gambling to me right now. These companies are paying John McAfee to pump their stuff. It's wild west.

I did however just buy 3.5 acres of wooded land for the cost of one Bitcoin at its high. Area is very nice with newer 3500 sq ft houses across the street, rural but close to a college and worth at least double that. That's my kind of investing.

Now if I know that say a Cardano or Stellar is working a deal with Amazon or Paypal that would loosen up my wallet, even in a big move up that might seem "late". My thing is if a coin like Ripple can exceed the market cap of Litecoin then it's about spending the money not saving it. This idea of holding BTC forever is going to leave bag holders galore and 2018 is going to expose that.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 03, 2018, 10:26:19 PM
Quote from: gib on January 03, 2018, 08:41:44 PM
ETF = Electronically Traded Fund. So basically, you would be able to buy and get exposure to a listed security (like any stock on the stock US stock exchange) that consists exclusively of or tracks the value of bitcoin. You would be able to buy/sell as you to with any other publicly traded stock, in any amount.

So, not more worries about trying to find a way to get money onto a crypto exchange with uncooperative banks. No more concerns about security, storage, account hackers, losing passwords etc. You would see a market price of the fund on the stock exchange, and you could simply buy direct.

Not only will this massively add to the legitimacy of BTC a tradeable store of value (putting it again in the same category as gold), but it would likely lead to a big flow of funds into Bitcoin.

I estimate the change of this happening in 2018 at around 30% likelihood.

I think you mean Exchange Traded Fund (ETF).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 03, 2018, 10:53:39 PM
Quote from: Griffith on January 03, 2018, 10:26:19 PM
I think you mean Exchange Traded Fund (ETF).

Yep. You are correct. (My brain freeze!)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 03, 2018, 11:18:01 PM
Quote from: SOMEPARTS on January 03, 2018, 09:19:57 PM


Well, it's not going to be the platform with prehistoric tech that banks won't adopt. It's the AOL of crypto. It may very well go back up to 20k for a bit but it's not going to be digital gold. It has only been the "reserve currency" of crypto because it was first, easiest to buy and frankly hardest to cash out from.

Time will tell. BTC's simplicity, size and true decentralization may well cement it as digital gold for many many years to come.

There is no need for "banks to adopt" BTC, just as banks haven't' "adopted gold". Not quite sure what you are getting at on this point. The whole point of BTC is to be a store of wealth outside of the control of banks.

Also not sure what you mean about being hard to "cash out". If you want to sell BTC, be it for a fait currency (of any country), or any other good or service, then all you need to do is find a buyer - simple.

As for the underlying technology itself, it can (and will) be improved, as we saw happen with Bitcoin Cash, for example.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 03, 2018, 11:23:41 PM
Quote from: gib on January 03, 2018, 11:18:01 PM
Time will tell. BTC's simplicity, size and true decentralization may well cement it as digital gold for many many years to come.

There is no need for "banks to adopt" BTC, just as banks haven't' "adopted gold". Not quite sure what you are getting at on this point. The whole point of BTC is to be a store of wealth outside of the control of banks.

Also not sure what you mean about being hard to "cash out". If you want to sell BTC, be it for a fait currency (of any country), or any other good or service, then all you need to do is find a buyer - simple.

As for the underlying technology itself, it can (and will) be improved, as we saw happen with Bitcoin Cash, for example.



I'm now convinced you are trolling. Everybody can go home now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 04, 2018, 08:10:42 AM
Quote from: robcguns on January 03, 2018, 05:07:15 PM
Exactly,Euthereum is gonna blow the fuck up.Almost 1000 now.crazy times.

Ethereum - $1000

https://www.google.com/amp/s/www.coindesk.com/ether-hits-psychological-milestone-of-1000/amp/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 04, 2018, 05:13:17 PM
Debunking Mr A’s various bitcoin myths. Good summary below:

1. Bitcoin is not real money

The fundamental characteristics an asset must have to be considered money are:

Uniformity: In other words, every “dollar” or bitcoin is the same as the next one. When you’re talking about using seashells or cows as currency, uniformity is hard to achieve.

Divisibility: Dollars and bitcoin need to be divisible, broken up into small increments to cover a wide range of value transactions. Cows? Not so much, unless you’re hosting a barbecue.

Portability: Your currency must be easy to transfer and store.

Durability: Older, agriculturally-based forms of money had a shelf life. Gold is the ultimate when it comes to durability. Paper notes deteriorate.

Limited Supply: A currency is worthless if there’s no scarcity to it. In our office here in Hong Kong we have a 500 million dollar note issued by the Zimbabwean government – it’s a simple reminder of what ultimately happens when governments try to endlessly print their way to prosperity.

Acceptability: to be considered money, the asset has to be widely accepted. People all over the world will take U.S. dollars. They won’t however take Turkish lira.

Bitcoin holds all of these characteristics with the exception of acceptability – although that is rapidly changing. Japan passed a law earlier this year that made bitcoin acceptable as legal tender.

And the digital element of bitcoin? Well,  more than 90 percent of all money that exists today around the world is not even physical… it’s purely digital, existing only on computer servers.

2. Bitcoin can be hacked

In certain circles, bitcoin and cryptocurrencies in general are synonymous with hacking – thanks to some high-profile hacks of cryptocurrency exchanges – like Mt. Gox in 2014 or Bithumb in 2017.

In an area so nascent, of course there are hackers looking to exploit individuals’ inexperience, or find technological loopholes. Hackers have always and will always be a risk to ANYTHING where value resides on a computer network.

But bitcoin is one of the most secure assets an individual can own – it’s just that it’s 100 percent up to the individual to secure it themselves.

Cryptocurrency exchanges have been hacked. They are third-party platforms where you have no visibility as to how customers’ digital assets are being secured. That’s why I’ve said repeatedly that you shouldn’t keep large amounts of bitcoin on an exchange because when it’s on an exchange you don’t own it, they do.

And when it comes to hacking, you are far, far more at risk from other cybersecurity vulnerabilities – just look at U.S. credit reporting agency Equifax who announced recently that the Social Security numbers along with other personal information of millions of Americans may have been compromised.

That’s a catastrophic breach. And this kind of thing happens all the time. So there’s no use worrying about bitcoin “hacking” when you can take full personal control and accountability for securing it yourself (rather than be at the mercy of an incompetent third party).

3. Bitcoin is used by criminals

“Bitcoin’s core use remains what’s it’s always been: paying for drugs or extortion fees on the Internet.”

That’s a quote from a recent Fortune magazine article.

The suggestion that bitcoin’s core use is for buying drugs and extortion is nothing new – and it’s part of the media’s ongoing narrative. It’s understandable in many respects.

After all, there have been recent ransomware hack/virus attacks that demand users pay a small ransom in bitcoin to unlock their computers.

And who can forget the FBI’s 2013 takedown of Silk Road.

Silk Road was an online marketplace used to sell illegal drugs, dirty pictures, and stolen plastic.

These criminals thought that because bitcoin operated independently of the U.S. government, their activity couldn’t be traced.

But they were proved wrong once the government shut Silk Road down, and made an example of this illegal marketplace.

You see, it turns out bitcoin is nowhere near as anonymous and untraceable as cash.

Bitcoin is pseudonymous. That is to say, a bitcoin address can be tied to a particular user. You may not know who that user is, but that user has an identity. Think of it like a username on a website. You may not know who’s behind it, but that username is tied to a particular person – and their actions are tied to that username.

The whole point about bitcoin is that it’s actually transparent. Every transaction is recorded on the blockchain and visible to everyone.

In short, just because bitcoin has been the method of payment used by some criminals, it’s definitely not the currency’s core use.

4. Bitcoin is not regulated

A lot of people are worried about bitcoin because the government hasn’t come out with an official policy about how it should be run.

In short, there’s no financial system, like the U.S. Federal Reserve, manging its existence and value. And as a recent Forbes article “warns”, “there is no ‘good faith and credit’ of the government standing behind the currency.”

But think about it… does a government’s promise that something is “money” protect its value?

The U.S. dollar can be printed at will… and only has value because the government says so.

Plus, more regulation on bitcoin is quickly being established. For example, the U.S. Commodity Futures Trading Commission (CFTC), which regulates futures and options markets, already approved the creation of options trading around bitcoin.

And the SEC recently came out with a statement hinting that it will soon begin regulating cryptocurrencies.

These moves will only bring additional stability to the bitcoin market, and with it, some new money.

But what about in the rest of the world?

China recently announced a ban on initial coin offerings (ICOs), where companies create and issue cryptocurrencies to the public in exchange for bitcoin or ethereum (the second-largest cryptocurrency).

But China didn’t “ban” bitcoin.  And even if a government did want to ban it, the question is “how”? That cat’s already out of the bag. And bitcoin doesn’t answer to any government.

There is no bitcoin head office, no CEO, no board of directors.

What’s more, there’s no incentive for any major economy to “ban” bitcoin. (Japan, the third-largest economy in the world, made it legal tender.) Any government that does ban it is simply saying “we don’t want innovation, technology jobs, new companies, or enterprise in general”.

Now don’t get me wrong – there is and will be regulation, and there may even be a temporary shutdown of the exchanges.

But regulation is a different story altogether. For example, don’t think for a second that Uncle Sam is going to let you make 10x on a cryptocurrency trade and not pay your “fair share” of tax to the coffers.

5. Bitcoin is too volatile to invest in

Most people look at bitcoin’s daily price changes and write bitcoin off simply because it’s more volatile than your typical blue-chip stock. But these swings are growing smaller, as more and more people move money into bitcoin.

According to investment firm ARK Invest, at the beginning of this year, “bitcoin’s daily volatility was about one-fifth that of five years ago, and 28 percent less than January 1, 2016.”

And this trend should continue, as time goes on… and more money flocks into this sapce.

That said, even with this level of volatility, bitcoin delivered better risk-adjusted returns than stocks, bonds, gold and real estate over the past five years. In fact, over the past year alone, bitcoin performed twice as well as stocks, on a risk-adjusted basis.

I’m not saying bitcoin won’t be volatile. Like any asset, cryptocurrencies will continue to experience rallies and corrections. Don’t fall into the trap of thinking “this time is different” and that bitcoin will go up forever. The cryptocurrency could absolutely be in for a short-term price bubble. But over the long term, the upside is far from over. You just need to proceed carefully. And “invest” no more than you can absolutely afford to lose.

Don’t believe the media hype

As I said earlier, the media doesn’t really understand bitcoin. So what you read in the mainstream media on cryptocurrencies should be taken with a liberal dose of salt.

The truth is, bitcoin is a just a cryptographically scarce and secure medium of exchanging value. It’s not a vehicle for criminals or not a real currency. And bitcoin, and the technology behind it – called the blockchain – is quickly changing the world. And it’s here to stay. Being on the outside (and not understanding it) will limit your ability to profit.

So if you’re not familiar with it, now is the time to make the effort.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Soul Crusher on January 05, 2018, 01:18:09 PM
https://www.cnbc.com/2018/01/05/visa-bans-cryptocurrency-backed-cards.html


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Disgusted on January 05, 2018, 01:52:12 PM
Quote from: Soul Crusher on January 05, 2018, 01:18:09 PM
https://www.cnbc.com/2018/01/05/visa-bans-cryptocurrency-backed-cards.html




Fuck VISA
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 05, 2018, 02:20:15 PM
Quote from: gib on January 04, 2018, 05:13:17 PM
Debunking Mr A’s various bitcoin myths. Good summary below:

1. Bitcoin is not real money

The fundamental characteristics an asset must have to be considered money are:

Uniformity: In other words, every “dollar” or bitcoin is the same as the next one. When you’re talking about using seashells or cows as currency, uniformity is hard to achieve.

Divisibility: Dollars and bitcoin need to be divisible, broken up into small increments to cover a wide range of value transactions. Cows? Not so much, unless you’re hosting a barbecue.

Portability: Your currency must be easy to transfer and store.

Durability: Older, agriculturally-based forms of money had a shelf life. Gold is the ultimate when it comes to durability. Paper notes deteriorate.

Limited Supply: A currency is worthless if there’s no scarcity to it. In our office here in Hong Kong we have a 500 million dollar note issued by the Zimbabwean government – it’s a simple reminder of what ultimately happens when governments try to endlessly print their way to prosperity.

Acceptability: to be considered money, the asset has to be widely accepted. People all over the world will take U.S. dollars. They won’t however take Turkish lira.

Bitcoin holds all of these characteristics with the exception of acceptability – although that is rapidly changing. Japan passed a law earlier this year that made bitcoin acceptable as legal tender.

And the digital element of bitcoin? Well,  more than 90 percent of all money that exists today around the world is not even physical… it’s purely digital, existing only on computer servers.

2. Bitcoin can be hacked

In certain circles, bitcoin and cryptocurrencies in general are synonymous with hacking – thanks to some high-profile hacks of cryptocurrency exchanges – like Mt. Gox in 2014 or Bithumb in 2017.

In an area so nascent, of course there are hackers looking to exploit individuals’ inexperience, or find technological loopholes. Hackers have always and will always be a risk to ANYTHING where value resides on a computer network.

But bitcoin is one of the most secure assets an individual can own – it’s just that it’s 100 percent up to the individual to secure it themselves.

Cryptocurrency exchanges have been hacked. They are third-party platforms where you have no visibility as to how customers’ digital assets are being secured. That’s why I’ve said repeatedly that you shouldn’t keep large amounts of bitcoin on an exchange because when it’s on an exchange you don’t own it, they do.

And when it comes to hacking, you are far, far more at risk from other cybersecurity vulnerabilities – just look at U.S. credit reporting agency Equifax who announced recently that the Social Security numbers along with other personal information of millions of Americans may have been compromised.

That’s a catastrophic breach. And this kind of thing happens all the time. So there’s no use worrying about bitcoin “hacking” when you can take full personal control and accountability for securing it yourself (rather than be at the mercy of an incompetent third party).

3. Bitcoin is used by criminals

“Bitcoin’s core use remains what’s it’s always been: paying for drugs or extortion fees on the Internet.”

That’s a quote from a recent Fortune magazine article.

The suggestion that bitcoin’s core use is for buying drugs and extortion is nothing new – and it’s part of the media’s ongoing narrative. It’s understandable in many respects.

After all, there have been recent ransomware hack/virus attacks that demand users pay a small ransom in bitcoin to unlock their computers.

And who can forget the FBI’s 2013 takedown of Silk Road.

Silk Road was an online marketplace used to sell illegal drugs, dirty pictures, and stolen plastic.

These criminals thought that because bitcoin operated independently of the U.S. government, their activity couldn’t be traced.

But they were proved wrong once the government shut Silk Road down, and made an example of this illegal marketplace.

You see, it turns out bitcoin is nowhere near as anonymous and untraceable as cash.

Bitcoin is pseudonymous. That is to say, a bitcoin address can be tied to a particular user. You may not know who that user is, but that user has an identity. Think of it like a username on a website. You may not know who’s behind it, but that username is tied to a particular person – and their actions are tied to that username.

The whole point about bitcoin is that it’s actually transparent. Every transaction is recorded on the blockchain and visible to everyone.

In short, just because bitcoin has been the method of payment used by some criminals, it’s definitely not the currency’s core use.

4. Bitcoin is not regulated

A lot of people are worried about bitcoin because the government hasn’t come out with an official policy about how it should be run.

In short, there’s no financial system, like the U.S. Federal Reserve, manging its existence and value. And as a recent Forbes article “warns”, “there is no ‘good faith and credit’ of the government standing behind the currency.”

But think about it… does a government’s promise that something is “money” protect its value?

The U.S. dollar can be printed at will… and only has value because the government says so.

Plus, more regulation on bitcoin is quickly being established. For example, the U.S. Commodity Futures Trading Commission (CFTC), which regulates futures and options markets, already approved the creation of options trading around bitcoin.

And the SEC recently came out with a statement hinting that it will soon begin regulating cryptocurrencies.

These moves will only bring additional stability to the bitcoin market, and with it, some new money.

But what about in the rest of the world?

China recently announced a ban on initial coin offerings (ICOs), where companies create and issue cryptocurrencies to the public in exchange for bitcoin or ethereum (the second-largest cryptocurrency).

But China didn’t “ban” bitcoin.  And even if a government did want to ban it, the question is “how”? That cat’s already out of the bag. And bitcoin doesn’t answer to any government.

There is no bitcoin head office, no CEO, no board of directors.

What’s more, there’s no incentive for any major economy to “ban” bitcoin. (Japan, the third-largest economy in the world, made it legal tender.) Any government that does ban it is simply saying “we don’t want innovation, technology jobs, new companies, or enterprise in general”.

Now don’t get me wrong – there is and will be regulation, and there may even be a temporary shutdown of the exchanges.

But regulation is a different story altogether. For example, don’t think for a second that Uncle Sam is going to let you make 10x on a cryptocurrency trade and not pay your “fair share” of tax to the coffers.

5. Bitcoin is too volatile to invest in

Most people look at bitcoin’s daily price changes and write bitcoin off simply because it’s more volatile than your typical blue-chip stock. But these swings are growing smaller, as more and more people move money into bitcoin.

According to investment firm ARK Invest, at the beginning of this year, “bitcoin’s daily volatility was about one-fifth that of five years ago, and 28 percent less than January 1, 2016.”

And this trend should continue, as time goes on… and more money flocks into this sapce.

That said, even with this level of volatility, bitcoin delivered better risk-adjusted returns than stocks, bonds, gold and real estate over the past five years. In fact, over the past year alone, bitcoin performed twice as well as stocks, on a risk-adjusted basis.

I’m not saying bitcoin won’t be volatile. Like any asset, cryptocurrencies will continue to experience rallies and corrections. Don’t fall into the trap of thinking “this time is different” and that bitcoin will go up forever. The cryptocurrency could absolutely be in for a short-term price bubble. But over the long term, the upside is far from over. You just need to proceed carefully. And “invest” no more than you can absolutely afford to lose.

Don’t believe the media hype

As I said earlier, the media doesn’t really understand bitcoin. So what you read in the mainstream media on cryptocurrencies should be taken with a liberal dose of salt.

The truth is, bitcoin is a just a cryptographically scarce and secure medium of exchanging value. It’s not a vehicle for criminals or not a real currency. And bitcoin, and the technology behind it – called the blockchain – is quickly changing the world. And it’s here to stay. Being on the outside (and not understanding it) will limit your ability to profit.

So if you’re not familiar with it, now is the time to make the effort.


Just some cut and paste from some BS blipcoin (is my new religion) website.


For a guy that supposedly has MILLIONS, you sure do put a lot of effort trying to debunk me and 5000 years of gold history. 

Blipcoin bozo.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 05, 2018, 06:35:13 PM
Mr A - focus on the facts please. Name calling or other derogatory comments don’t add much weight to any of your views, all of which are nicely addressed in the article (and indeed which I have also explained during the course of this thread).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on January 06, 2018, 04:13:51 AM
(http://i.redd.it/czdcgnjz1c801.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: keanu on January 06, 2018, 04:32:03 AM
Quote from: Disgusted on January 05, 2018, 01:52:12 PM
Fuck VISA

Visa is my biggest holding with Mastercard, Paypal , and TD bank also high in the mix. No way are the payments and banking industries going to sit by and let unregulated crypto take the market. Of course I still speculate in crypto. No way can I let this easy money go. ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 06, 2018, 05:35:47 PM
Quote from: keanu on January 06, 2018, 04:32:03 AM
Visa is my biggest holding with Mastercard, Paypal , and TD bank also high in the mix. No way are the payments and banking industries going to sit by and let unregulated crypto take the market. Of course I still speculate in crypto. No way can I let this easy money go. ;D
These guys are obviously both threatened by and also interested in this space. Add also western union to the list.

When PayPal was formed Elon Musk actually envisaged something more akin to bitcoin. And notably many ex PayPal crew are now starting to invest in bitcoins.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 06, 2018, 05:57:16 PM
You gotta love how GIB is making people meltdown in this thread.

GIB is remaining calm and posting information.

People are losing their shit and engaging in ad hominem attacks for no reason at all.

 :D :D :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 06, 2018, 06:26:14 PM
Quote from: SF1900 on January 06, 2018, 05:57:16 PM
You gotta love how GIB is making people meltdown in this thread.

GIB is remaining calm and posting information.

People are losing their shit and engaging in ad hominem attacks for no reason at all.

 :D :D :D
Lol yes. Psychologists explain this behaviour as a natural consequence of those who are upset or feel grief/envy worrying about having lost the opportunity to participate. The so called Kubler-Ross model which we are seeing classic examples of from some of the posters here.

The 5 stages of grief and loss are:

1. Denial and isolation (this bitcoin thing is BS, bitcoin people are freaks, bitcoins are just blips - how can they be worth anything, it’s all a conspiracy / Ponzi scheme.

 2. Anger (GIB you suck, GIB you are delusional etc).

3. Bargaining (The easy money has been made. The peak has been reached. Well maybe bitcoins are a legit asset but I believe something better will come along, gold is still better than bitcoin, etc).

 4. Depression (oh man I (secretly) wished that I had invested :(  

5. Acceptance. (Ok, I get it now).

People who are grieving do not necessarily go through the stages in the same order or experience all of them to the same degree.

People like Mr A are somewhere in between stages 2 and 3. Most will eventually get to 5. On a much broader level we can see all of society collectively moving through these phases also when it comes to understanding and acceptance of bitcoins (and this is in turn also reflected as a whole in bitcoin price movements). Prices will stabilise when we get collectively to level 5 but until then will be volatile but overall upwards.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 06, 2018, 06:29:12 PM
https://psychcentral.com/lib/the-5-stages-of-loss-and-grief/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 06, 2018, 08:25:12 PM
Quote from: gib on January 06, 2018, 06:26:14 PM
Lol yes. Psychologists explain this behaviour as a natural consequence of those who are upset or feel grief/envy worrying about having lost the opportunity to participate. The so called Kubler-Ross model which we are seeing classic examples of from some of the posters here.

The 5 stages of grief and loss are:

1. Denial and isolation (this bitcoin thing is BS, bitcoin people are freaks, bitcoins are just blips - how can they be worth anything, it’s all a conspiracy / Ponzi scheme.

 2. Anger (GIB you suck, GIB you are delusional etc).

3. Bargaining (The easy money has been made. The peak has been reached. Well maybe bitcoins are a legit asset but I believe something better will come along, gold is still better than bitcoin, etc).

 4. Depression (oh man I (secretly) wished that I had invested :(  

5. Acceptance. (Ok, I get it now).

People who are grieving do not necessarily go through the stages in the same order or experience all of them to the same degree.

People like Mr A are somewhere in between stages 2 and 3. Most will eventually get to 5. On a much broader level we can see all of society collectively moving through these phases also when it comes to understanding and acceptance of bitcoins (and this is in turn also reflected as a whole in bitcoin price movements). Prices will stabilise when we get collectively to level 5 but until then will be volatile but overall upwards.

Haha lol this made me laugh  :D ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on January 06, 2018, 08:28:06 PM
r there bitcoins in hell? too bad gib will not be able to post updates from there... or he surely would, lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 06, 2018, 08:32:10 PM
Quote from: Zillotch on January 06, 2018, 08:28:06 PM
r there bitcoins in hell? too bad gib will not be able to post updates from there... or he surely would, lol

You'll surely be right next to him.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on January 06, 2018, 08:37:30 PM
Quote from: SF1900 on January 06, 2018, 08:32:10 PM
You'll surely be right next to him.

aren't u asian? dont worry about the afterlife, silly.... u dont even have a soul... therefore do not qualify for hell. lotta vegan phaggots down there, too
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 06, 2018, 08:44:09 PM
Quote from: Zillotch on January 06, 2018, 08:37:30 PM
aren't u asian? dont worry about the afterlife, silly.... u dont even have a soul... therefore do not qualify for hell. lotta vegan phaggots down there, too

No, I am not Asian. Only someone as gullible as you would believe that.

Vegan......that shtick is getting old.  ::) ::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on January 06, 2018, 08:47:45 PM
Quote from: SF1900 on January 06, 2018, 08:44:09 PM
No, I am not Asian. Only someone as gullible as you would believe that.

Vegan......that shtick is getting old.  ::) ::)

r u saying that ur not asian or vegan?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 06, 2018, 08:56:53 PM
Quote from: Zillotch on January 06, 2018, 08:47:45 PM
r u saying that ur not asian or vegan?

(http://www.sharegif.com/wp-content/uploads/2014/03/facepalmembarrassedbored1980sproblem-child.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on January 06, 2018, 09:08:51 PM
Quote from: SF1900 on January 06, 2018, 08:56:53 PM
(http://www.sharegif.com/wp-content/uploads/2014/03/facepalmembarrassedbored1980sproblem-child.gif)

oh... well, if it bothers u to be called an asian vegan... I will certainly keep that in mind while constructing future insults.   

I noticed, however... that u didnt have much commentary about the phaggot part, lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 06, 2018, 09:20:00 PM
Quote from: Zillotch on January 06, 2018, 09:08:51 PM
oh... well, if it bothers u to be called an asian vegan... I will certainly keep that in mind while constructing future insults.  

I noticed, however... that u didnt have much commentary about the phaggot part, lol

You are more than welcome to continue with the insults that were started by DJ181. However, I thought you were more inventive than that.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on January 06, 2018, 09:34:47 PM
Quote from: SF1900 on January 06, 2018, 09:20:00 PM
You are more than welcome to continue with the insults that were started by DJ181. However, I thought you were more inventive than that.

if insults don't ring true... they r ineffective. I would like my insults to be accurate, lol

also, dj is your gimmick.... or mine.... but I'm yours... so whatever.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 06, 2018, 09:51:30 PM
Quote from: Zillotch on January 06, 2018, 09:34:47 PM
if insults don't ring true... they r ineffective. I would like my insults to be accurate, lol

also, dj is your gimmick.... or mine.... but I'm yours... so whatever.

The insults do not ring true, as I am not Asian and not a vegan (I still eat meat, just cut down on its consumption. I eat it 2-3 days per week and I upped my vegetable intake).

Well, I posted an arm pic about 4-5 weeks ago. You can try and find it and insult the pic (I am a lifetime natural). Have fun with that.

According to Shizzo, there are about 2-3 real posters. Everyone else is a gimmick. I have multiple gimmicks--Chaos, Grape Ape, 240, Be There, etc. Basically, no one is real on getbig.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on January 07, 2018, 02:05:22 AM
Quote from: SF1900 on January 06, 2018, 09:51:30 PM
The insults do not ring true, as I am not Asian and not a vegan (I still eat meat, just cut down on its consumption. I eat it 2-3 days per week and I upped my vegetable intake).

Well, I posted an arm pic about 4-5 weeks ago. You can try and find it and insult the pic (I am a lifetime natural). Have fun with that.

According to Shizzo, there are about 2-3 real posters. Everyone else is a gimmick. I have multiple gimmicks--Chaos, Grape Ape, 240, Be There, etc. Basically, no one is real on getbig.

why do u feel the need to justify yourself? I can only imagine how vacant your life must be.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 07, 2018, 09:17:25 AM
Quote from: Zillotch on January 07, 2018, 02:05:22 AM
why do u feel the need to justify yourself? I can only imagine how vacant your life must be.

I highly doubt saying I am not Asian and not a vegan is "justifying" my existence lol. They are just simple facts and no way indicate deeply held beliefs related to my personality or emotionality.

Your insults are getting pretty bad lately. You're slipping.

Keep trying.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: sculpture on January 07, 2018, 09:26:07 AM
Quote from: SF1900 on January 06, 2018, 08:25:12 PM
Haha lol this made me laugh  :D ;D

Copied and pasted from a Forbes article
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: QuietYou on January 07, 2018, 12:02:51 PM
Quote from: SF1900 on January 07, 2018, 09:17:25 AM


Your insults are getting pretty bad lately. You're slipping.

Keep trying.

 ;D ;D You've been shutting down people lately i love it
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 08, 2018, 06:19:15 PM
Rock Star

(http://www2.pictures.zimbio.com/gi/Vitalik+Buterin+TechCrunch+Disrupt+SF+2017+rl15-7LgF5Bl.jpg)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 08, 2018, 06:42:03 PM
Quote from: polychronopolous on January 08, 2018, 06:19:15 PM
Rock Star

(http://www2.pictures.zimbio.com/gi/Vitalik+Buterin+TechCrunch+Disrupt+SF+2017+rl15-7LgF5Bl.jpg)


Wearing his best shirt for the tv interview :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: titusisback on January 08, 2018, 07:30:02 PM
Quote from: gib on January 08, 2018, 06:42:03 PM
Wearing his best shirt for the tv interview :)

When you're worth half a billion, you can wear whatever-the-fuck you want  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 08, 2018, 07:43:13 PM
Quote from: gib on January 08, 2018, 06:42:03 PM
Wearing his best shirt for the tv interview :)

Throw a few dollars on the craps table at the very least.

Just think about how all these other countries and posters kiss the ass of the United States on a regular basis.

We see it here on getbig all the time. They want to be us SO bad!

Our comedy. Our wit. We are so much superior to the rest of the world.

Hype alone this sum bitch gonna double or triple.

And that's not even getting into the fact that this is a LEGIT genius with a LEGIT platform that is at the forefront of the blockchain phenomenon.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dave D on January 08, 2018, 09:54:26 PM
Quote from: SF1900 on January 06, 2018, 09:51:30 PM
The insults do not ring true, as I am not Asian and not a vegan (I still eat meat, just cut down on its consumption. I eat it 2-3 days per week and I upped my vegetable intake).

Well, I posted an arm pic about 4-5 weeks ago. You can try and find it and insult the pic (I am a lifetime natural). Have fun with that.

According to Shizzo, there are about 2-3 real posters. Everyone else is a gimmick. I have multiple gimmicks--Chaos, Grape Ape, 240, Be There, etc. Basically, no one is real on getbig.

You're 240 and Be There?

Dang...

Are you Big Ach too?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 09, 2018, 12:39:24 AM
Back on topic, I sold a bitcoin today. Very nice to get $15,000 for something I paid less than 3K for :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 09, 2018, 05:01:10 AM
Quote from: gib on January 09, 2018, 12:39:24 AM
Back on topic, I sold a bitcoin today. Very nice to get $15,000 for something I paid less than 3K for :)

Good move.  Now, dump the rest before it goes below 10K.

Like I said pages ago, blipcoin is all played out.

$100K -  $1 million per coin?...  lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 09, 2018, 05:48:14 AM
Quote from: Mr Anabolic on January 09, 2018, 05:01:10 AM
Good move.  Now, dump the rest before it goes below 10K.

Like I said pages ago, blipcoin is all played out.

$100K -  $1 million per coin?...  lol

Thanks. Let’s see. I’m holding enough to buy a few nice sports cars. So that does add some perspective. At the same time the ease of selling (I sold direct to a buyer overseas and received instant payment into my bank acct demonstrates to me how good btc is). BTC is also the entry point for anyone wanting alt coins which are all the rage so I think we will still see more buying. I’ll keep you posted on my moves ...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 09, 2018, 05:59:50 AM
Quote from: gib on January 09, 2018, 05:48:14 AM
Thanks. Let’s see. I’m holding enough to buy a few nice sports cars. So that does add some perspective. At the same time the ease of selling (I sold direct to a buyer overseas and received instant payment into my bank acct demonstrates to me how good btc is). BTC is also the entry point for anyone wanting alt coins which are all the rage so I think we will still see more buying. I’ll keep you posted on my moves ...

Why did you sell if you're so sure they are going to $100K to 1 million?  Pure fantasy!  lol

Also, if already have millions like you claim, why sell any?  20 blipcoins are mere pocket change for a sports car buying stud like you!   lol


BTW, blipocoins are not easy to sell.  The transaction time varies greatly.  Stop lying.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: sculpture on January 09, 2018, 06:27:11 AM
Quote from: Mr Anabolic on January 09, 2018, 05:59:50 AM
Why did you sell if you're so sure they are going to $100K to 1 million?  Pure fantasy!  lol

Also, if already have millions like you claim, why sell any?  20 blipcoins are mere pocket change for a sports car buying stud like you!   lol


BTW, blipocoins are not easy to sell.  The transaction time varies greatly.  Stop lying.



Of course it's fantasy.

He truly gave the game away with his electronically traded funds statement
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on January 09, 2018, 06:35:44 AM
I yearn for the day, that I too can be "sports car rich"!

 :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on January 09, 2018, 06:40:09 AM
I still don't know what the fuck a Bitcoin is, how and where you buy them, why the value went up, how to turn them into cash, etc.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 09, 2018, 06:54:43 AM
Quote from: sculpture on January 09, 2018, 06:27:11 AM
Of course it's fantasy.

He truly gave the game away with his electronically traded funds statement

Lol. You got me. Good one!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 09, 2018, 06:55:35 AM
Quote from: Pray_4_War on January 09, 2018, 06:40:09 AM
I still don't know what the fuck a Bitcoin is, how and where you buy them, why the value went up, how to turn them into cash, etc.


And this is one reason why there is still much more upside.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 09, 2018, 06:59:04 AM
Quote from: gib on January 09, 2018, 06:55:35 AM
And this is one reason why there is still much more upside.

lol   nonstop bliptard pumper.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 09, 2018, 07:02:16 AM
Quote from: Twaddle on January 09, 2018, 06:35:44 AM
I yearn for the day, that I too can be "sports car rich"!

 :D

Until then I guess I'm relegated to my poor man's 2007 Honda Accord.  According to gibs 5 stages of grief, I am so sad and angry about that! 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on January 09, 2018, 07:05:22 AM
Quote from: gib on January 09, 2018, 12:39:24 AM
Back on topic, I sold a bitcoin today. Very nice to get $15,000 for something I paid less than 3K for :)

Wait.

Why are you selling?  ???

They are supposed to hit 100k according to your previous posts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 09, 2018, 07:06:42 AM
Quote from: el numero uno on January 09, 2018, 07:05:22 AM
Wait.

Why are you selling?  ???

They are supposed to hit 100k according to your previous posts.

He also said $1 MILLION many times too.   Dude contradicts himself constantly.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on January 09, 2018, 07:13:18 AM
Quote from: Mr Anabolic on January 09, 2018, 07:06:42 AM
He also said $1 MILLION many times too.   Dude contradicts himself constantly.

Yep. He does it all the time and then he goes and denies it.

Quote from: gib on September 01, 2017, 06:34:17 AM
Hope all u guys got some. Soon will be able to retire and just chill and train when they get to 100k per coin.

Quote from: gib on November 26, 2017, 08:26:19 PM
Yep. The coin denominations go down to 0.00000001 of a coin, a so called “santoshi”. Right now the media and financial press report the price per coin but reality is that as the currency becomes more
mainstream we will be seeing more quotes and prices of things quoted in santoshis. When bitcoins get to 100k or 1 million per coin only high net worth individuals and investment banks will be buying and quoting per coin.

So if you are buying now, yes 5k will get you half a coin. Enough to secure your
future for life.


Quote from: gib on December 19, 2017, 11:27:40 PM
I have never made a prediction of btc price. Go back and re-read posts please. I have only ever stated facts in this thread please.

lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 09, 2018, 07:18:52 AM
Quote from: el numero uno on January 09, 2018, 07:05:22 AM
Wait.

Why are you selling?  ???

They are supposed to hit 100k according to your previous posts.

Read prior posts please. BTC cannot be valued. So yes they could hit 100k.

Why am I selling? I sold one coin as a favour to a friend. I’m still holding the rest I have.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on January 09, 2018, 07:24:45 AM
Quote from: gib on January 09, 2018, 07:18:52 AM
Read prior posts please. BTC cannot be valued. So yes they could hit 100k.

Why am I selling? I sold one coin as a favour to a friend. I’m still holding the rest I have.

If you really believe bitcoins will soon hit 100k then you're willing to sacrifice the potential of making an extra $85,000 in order to help a friend out.

Either you're an awesome friend, or you don't believe the hype anymore.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 09, 2018, 07:44:05 AM
Quote from: el numero uno on January 09, 2018, 07:24:45 AM
If you really believe bitcoins will soon hit 100k then you're willing to sacrifice the potential of making an extra $85,000 in order to help a friend out.

Either you're an awesome friend, or you don't believe the hype anymore.


GIB has already stated that he has a significant amount of money in the bank, including bitcoin.

If I had that, then I'd sell 1 bitcoin for a best friend. It's unlikely to really influence his bottom dollar. So, why not help out a friend?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on January 09, 2018, 08:03:15 AM
Quote from: SF1900 on January 09, 2018, 07:44:05 AM
GIB has already stated that he has a significant amount of money in the bank, including bitcoin.

If I had that, then I'd sell 1 bitcoin for a best friend. It's unlikely to really influence his bottom dollar. So, why not help out a friend?

If you had a significant amount of money in the bank, why wouldn't you instead take $15K cash out of your bank account and give it to your friend?  Hold on to the Bitcoin, and it would be worth 100K in no time?   ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: sculpture on January 09, 2018, 08:40:25 AM
Quote from: Twaddle on January 09, 2018, 08:03:15 AM
If you had a significant amount of money in the bank, why wouldn't you instead take $15K cash out of your bank account and give it to your friend?  Hold on to the Bitcoin, and it would be worth 100K in no time?   ???

He doesn't want his friend to miss out on being a Bitcoin millionaire

Hes enabling his friend to secure his future
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 09, 2018, 08:43:36 AM
Quote from: Twaddle on January 09, 2018, 08:03:15 AM
If you had a significant amount of money in the bank, why wouldn't you instead take $15K cash out of your bank account and give it to your friend?  Hold on to the Bitcoin, and it would be worth 100K in no time?   ???

Exactly.  It makes no sense.      
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 09, 2018, 08:45:54 AM
Quote from: SF1900 on January 09, 2018, 07:44:05 AM
GIB has already stated that he has a significant amount of money in the bank, including bitcoin.

If I had that, then I'd sell 1 bitcoin for a best friend. It's unlikely to really influence his bottom dollar. So, why not help out a friend?

Says gib's circle jerk correspondent. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 09, 2018, 08:50:37 AM
Quote from: el numero uno on January 09, 2018, 07:24:45 AM
If you really believe bitcoins will soon hit 100k then you're willing to sacrifice the potential of making an extra $85,000 in order to help a friend out.

Either you're an awesome friend, or you don't believe the hype anymore.


Maybe he found Jesus.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 09, 2018, 08:50:47 AM
Quote from: gib on January 09, 2018, 05:48:14 AM
Thanks. Let’s see. I’m holding enough to buy a few nice sports cars. So that does add some perspective.



 :o :o
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on January 09, 2018, 08:51:20 AM
Quote from: sculpture on January 09, 2018, 08:40:25 AM
He doesn't want his friend to miss out on being a Bitcoin millionaire

Hes enabling his friend to secure his future

:D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 09, 2018, 09:03:35 AM
Quote from: Twaddle on January 09, 2018, 08:03:15 AM
If you had a significant amount of money in the bank, why wouldn't you instead take $15K cash out of your bank account and give it to your friend?  Hold on to the Bitcoin, and it would be worth 100K in no time?   ???

I don't know GIB's rationale for choosing one method over the other. I suppose he could have gone either way.

However, I can only guesstimate based on the information that he provided.

Surely, GIB will come in and clear all this up for us.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 09, 2018, 09:20:41 AM
The jealousy in this thread is ridiculous.

Let GIB do his thing!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 09, 2018, 09:23:30 AM
Quote from: SF1900 on January 09, 2018, 09:20:41 AM
The jealousy in this thread is ridiculous.

Let GIB do his thing!!

(http://i.imgur.com/UPuMUx8.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 09, 2018, 06:37:48 PM
Quote from: gib on January 09, 2018, 07:18:52 AM
Read prior posts please. BTC cannot be valued. So yes they could hit 100k.

Why am I selling? I sold one coin as a favour to a friend. I’m still holding the rest I have.

Hey my friend, happy you made some mkney, thats awesome.

Please keep in mind the direction the media are pushing and also that shorts specific to bitcoin are going to happen.

We are on holidays and caught up with a partner at one of our city's largest law firms. Works on IPOs. i left my questions in crypto to the end as the other topics were more interesting..... he said the same as i did, they are not sure what cryptos are yet so they arent regulated.

i asked about the futures and mentioned possible future shorts and he smiled. dude said yeah if he takes futures he has enough to take it down on short contracts.  He said there is no money or power behind btc so it can be killed easily with shorting which is what they would do. literally grind it back to obvlivion......

i mentioned my dabbling in silver and said at that time i bought into thr hype and found out it was all lies.  he smiled and said you never bet against the banks/firms wlthey all know way more than anyone and.control everything so yiu can never beat them. so, play with them and.dont fight it.

btc is being targeted. to play against them will be a losing game.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 09, 2018, 07:46:38 PM
Quote from: Mayday on January 09, 2018, 06:37:48 PM
Hey my friend, happy you made some mkney, thats awesome.

Please keep in mind the direction the media are pushing and also that shorts specific to bitcoin are going to happen.

We are on holidays and caught up with a partner at one of our city's largest law firms. Works on IPOs. i left my questions in crypto to the end as the other topics were more interesting..... he said the same as i did, they are not sure what cryptos are yet so they arent regulated.

i asked about the futures and mentioned possible future shorts and he smiled. dude said yeah if he takes futures he has enough to take it down on short contracts.  He said there is no money or power behind btc so it can be killed easily with shorting which is what they would do. literally grind it back to obvlivion......

i mentioned my dabbling in silver and said at that time i bought into thr hype and found out it was all lies.  he smiled and said you never bet against the banks/firms wlthey all know way more than anyone and.control everything so yiu can never beat them. so, play with them and.dont fight it.

btc is being targeted. to play against them will be a losing game.
An Ethereum “I drink your milkshake” in regards to the crypto market is a very real possibility.

In fact, it’s happening right now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 09, 2018, 08:25:12 PM
Quote from: polychronopolous on January 09, 2018, 07:46:38 PM
An Ethereum “I drink your milkshake” in regards to the crypto market is a very real possibility.

In fact, it’s happening right now.

The majors behind BTC will melt up because BTC investment is leaving and moving around.

As per pages back there is around 10x more real cash invested in BTC than its nearest rival. so it doesnt take much for say 5% of BTC to move over and then BAM ripple triples.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 10, 2018, 06:30:25 AM
Quote from: Mayday on January 09, 2018, 08:25:12 PM
The majors behind BTC will melt up because BTC investment is leaving and moving around.

As per pages back there is around 10x more real cash invested in BTC than its nearest rival. so it doesnt take much for say 5% of BTC to move over and then BAM ripple triples.

If you follow the conversations over the past 24 hours on reddit and YouTube it’s chock full of people talking about moving out of bitcoin and into Ethereum.

This has the chance to flip Big time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on January 10, 2018, 07:37:55 AM
Back at 14k.

Gib, your friend just lost $1,000. Are you sure you're helping him out?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 10, 2018, 07:44:56 AM
I’ll reply to all posts a little later.

Just sold another coin today. So now have 30k in cash from sales.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on January 10, 2018, 07:51:47 AM
Quote from: gib on January 10, 2018, 07:44:56 AM
I’ll reply to all posts a little later.

Just sold another coin today. So now have 30k in cash from sales.

Noooooooooooo, don't sell.  Why are you selling?  You yourself said, you think it will be worth 40K by the end of 2018.  If you sell now, you are giving away money.  McAfee said he'd eat his own dick.  What are you doing, don't sell. 

Quote from: gib on December 12, 2017, 02:43:07 PM
Good to see Mr A ratcheting up his prediction of when the price might peak. That’s the spirit! I think 40k by end of 2018 is likely.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on January 10, 2018, 07:52:42 AM
Quote from: Twaddle on January 10, 2018, 07:51:47 AM
Noooooooooooo, don't sell.  Why are you selling?  You yourself said, you think it will be worth 40K by the end of 2018.  If you sell now, you are giving away money.  McAfee said he'd eat his own dick.  What are you doing, don't sell. 


Another friend in need I guess.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on January 10, 2018, 08:10:37 AM
Quote from: polychronopolous on January 10, 2018, 06:30:25 AM
If you follow the conversations over the past 24 hours on reddit and YouTube it’s chock full of people talking about moving out of bitcoin and into Ethereum.

This has the chance to flip Big time.

I read something interesting a few minutes ago.

Correlation approaches 1 during panic in the stock market, why would it be different in the crypto market?

Cryptos will probably move in unison. One crashes, they all crashes.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 10, 2018, 08:26:44 AM
Quote from: gib on January 10, 2018, 07:44:56 AM
I’ll reply to all posts a little later.

Just sold another coin today. So now have 30k in cash from sales.

GIB, are you thinking about taking that 30K and investing in Caliber Fitness Solutions, The Leader in Human Evolution since 2001?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on January 10, 2018, 08:32:20 AM
Quote from: SF1900 on January 10, 2018, 08:26:44 AM
GIB, are you thinking about taking that 30K and investing in Caliber Fitness Solutions, The Leader in Human Evolution since 2001?

A smarter choice would be, to invest in the newest crypto currency.

Keilbaseum

 :o
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tres_taco_combo on January 10, 2018, 08:44:17 AM
ripple is under $2.00 now

if it gets to $1.50 it is tempting tp purchase
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: sculpture on January 10, 2018, 08:47:58 AM
Quote from: tres_taco_combo on January 10, 2018, 08:44:17 AM
ripple is under $2.00 now

if it gets to $1.50 it is tempting tp purchase

Why 1.50? Why not 1.60 or 1.70 or 1.10?

I'd be interested as to what method of valuation you've used to reach this conclusion?

How have you valued an electronic token?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 10, 2018, 08:58:26 AM
Quote from: Twaddle on January 10, 2018, 07:51:47 AM
Noooooooooooo, don't sell.  Why are you selling?  You yourself said, you think it will be worth 40K by the end of 2018.  If you sell now, you are giving away money.  McAfee said he'd eat his own dick.  What are you doing, don't sell. 


He's starting to realize I'm correct about blipcoins being played out. 

Selling before everyone runs for the exit doors at the same time is the prudent thing to do. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 10, 2018, 08:59:27 AM
Quote from: tres_taco_combo on January 10, 2018, 08:44:17 AM
ripple is under $2.00 now

if it gets to $1.50 it is tempting tp purchase

From a traders perspective, I actually agree with this.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on January 10, 2018, 09:18:28 AM
Quote from: Mr Anabolic on January 10, 2018, 08:58:26 AM
He's starting to realize I'm correct about blipcoins being played out. 

Selling before everyone runs for the exit doors at the same time is the prudent thing to do. 

I see. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 10, 2018, 10:37:06 AM
Bitcoin will never make it past 5K!!! FACT!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 10, 2018, 01:11:46 PM
Quote from: polychronopolous on January 10, 2018, 06:30:25 AM
If you follow the conversations over the past 24 hours on reddit and YouTube it’s chock full of people talking about moving out of bitcoin and into Ethereum.

This has the chance to flip Big time.

Japan is the largest market player so they are the driver for change. id be listening to the Japanese for any sign of a switch just like they did to cause ripple to surge.

To be honest i dont watch or read much about them.

Best to form a conclusion, buy in, hold. Much like gib but i think he now realises btc is done. it's alive right now only because of it's branding and being early to market. nobody is adopting it (as said in this thread) and they are pushing bitcoin cash instead which shows how much BS there is about this 'digital gold' and 'new global currency'. Pure scam play 'oh but this new one fixes all the problems the last one had' lol.

The big question is whether we get another year out of it. it needs 1-2yrs to see big things play out. in particular is thr money sitting on the sidelines but it is waiting to see things settle down first. That new money knows the original holders want out so there is a very real risk that new investment could trigger a mass sell off (ironically).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 10, 2018, 01:28:20 PM
Quote from: SF1900 on January 10, 2018, 10:37:06 AM
Bitcoin will never make it past 5K!!! FACT!!!

I never said that you moronic jackhole. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 10, 2018, 01:31:11 PM
Quote from: Mr Anabolic on January 10, 2018, 01:28:20 PM
I never said that you moronic jackhole. 

Why are you getting so angry?  ??? ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 10, 2018, 01:43:32 PM
Quote from: SF1900 on January 10, 2018, 01:31:11 PM
Why are you getting so angry?  ??? ???

Why do you kiss gib's hairy bean-bag?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 10, 2018, 01:46:42 PM
Quote from: Mr Anabolic on January 10, 2018, 01:43:32 PM
Why do you kiss gib's hairy bean-bag?

Answering a question with a question.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: JAGO on January 10, 2018, 02:41:22 PM
Quote from: SF1900 on January 10, 2018, 01:31:11 PM
Why are you getting so angry?  ??? ???

Its his nature . . . he is a dick.

J
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 10, 2018, 02:43:49 PM
Quote from: JAGO on January 10, 2018, 02:41:22 PM
Its his nature . . . he is a dick.

J

Yeah, not too sure why he is melting down in this thread and getting so angry about GIB investing his money in bitcoin.  ??? ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tres_taco_combo on January 10, 2018, 03:40:45 PM
Quote from: sculpture on January 10, 2018, 08:47:58 AM
Why 1.50? Why not 1.60 or 1.70 or 1.10?

I'd be interested as to what method of valuation you've used to reach this conclusion?

How have you valued an electronic token?

no  I have not run a technical analysis or some fibonacci retracement chart etc etc

id put in $3k and buy it around $1.50 and hold it for a long time.  it would give me 2000 shares - a round number. buy and hold

bistamp was having credit card issues - wonder if it is working now
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 10, 2018, 04:28:44 PM
yeah the big ones have a base price that has support so pick one that might be 10% down risk but has 30% upside potential without making new highs. Makes sense.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 11, 2018, 04:26:29 AM
South Korea is banning blipcoins.

US will soon regulate all "unofficial" cryptos out of existence. 

You guys better sell now while you still can.... and don't forget to save some for the IRS.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 11, 2018, 04:27:43 AM
Quote from: SF1900 on January 10, 2018, 01:46:42 PM
Answering a question with a question.

Do you even lift?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 11, 2018, 06:09:15 AM
No need to be jealous of GIB.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 11, 2018, 02:41:57 PM
Quote from: Mr Anabolic on January 11, 2018, 04:27:43 AM
Do you even lift?

Do you?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on January 11, 2018, 03:12:53 PM
Gib's profits

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 11, 2018, 03:15:49 PM
Quote from: SF1900 on January 11, 2018, 02:41:57 PM
Do you?

Answering a question with a question.  Not allowed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 11, 2018, 03:17:24 PM
Quote from: TheGrinch on January 11, 2018, 03:12:53 PM
Gib's profits



Yes, if he doesn't sell now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 11, 2018, 03:32:11 PM
Quote from: Mr Anabolic on January 11, 2018, 03:15:49 PM
Answering a question with a question.  Not allowed.

When you answer my question on the previous page, then Ill answer your question.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on January 11, 2018, 03:41:08 PM
The market is crashing a bit and it will rebound bigger than before.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Agnostic007 on January 11, 2018, 03:47:26 PM
Interesting thread. I don't own any bitcoin or other type. I have friends that like some of you have done ridiculously well with bitcoin to the point one of them has bought two condos with some of his profits. The majority or day trading, telling me that with certain ones, the variance is 20-30% a day and they jump in and out. While it's tempting to look more into it and try it for fun, for every person making a killing, there are 1000's I suppose losing their butts.. I think I would be in that last group. But I do enjoy reading the comments here
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 11, 2018, 03:56:59 PM
To be honest, I am a professional day trader.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 11, 2018, 03:59:54 PM
Quote from: SF1900 on January 11, 2018, 03:56:59 PM
To be honest, I am a professional day trader.

Yeah, sure you are - lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 11, 2018, 04:04:46 PM
Quote from: Mr Anabolic on January 11, 2018, 03:59:54 PM
Yeah, sure you are - lol

Do you lift weights?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 11, 2018, 04:18:46 PM
Quote from: Agnostic007 on January 11, 2018, 03:47:26 PM
Interesting thread. I don't own any bitcoin or other type. I have friends that like some of you have done ridiculously well with bitcoin to the point one of them has bought two condos with some of his profits. The majority or day trading, telling me that with certain ones, the variance is 20-30% a day and they jump in and out. While it's tempting to look more into it and try it for fun, for every person making a killing, there are 1000's I suppose losing their butts.. I think I would be in that last group. But I do enjoy reading the comments here

1. Those claiming/bragging about the profits they are making can only be proven if they post screen captures of their bank accounts with the ID numbers blacked out.  There are LOTS of people on the internet who are liars and fantasizers.  They pretend to be well-off, but they are really just living in their parents basement, especially the ones who tend to brag a lot.  

2. It's gambling.  Those who are/have actually "made a killing" are riding a bubble mania and got lucky, nothing more.  Blipcoin mania is starting to wind down.  IMO, we've just entered the blowoff phase.  It will end very badly.

(https://i1.wp.com/macro-ops.com/wp-content/uploads/2017/03/Optimism-and-Complacency.jpg?fit=1030%2C727&ssl=1)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 11, 2018, 04:21:13 PM
Quote from: SF1900 on January 11, 2018, 04:04:46 PM
Do you lift weights?

For 33 years.  Are you even that old?  lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: denarii on January 11, 2018, 04:22:22 PM
Quote from: robcguns on January 11, 2018, 03:41:08 PM
The market is crashing a bit and it will rebound bigger than before.

As per Jesse Livermore the retail buy on the way down
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 11, 2018, 04:24:16 PM
Quote from: Mr Anabolic on January 11, 2018, 04:21:13 PM
For 33 years.  Are you even that old?  lol

Im 36 and I lift 5-6x per week.

ps: I'm really not a professional day trader  :o :o :o
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on January 11, 2018, 04:35:36 PM
Quote from: Mr Anabolic on January 11, 2018, 04:18:46 PM
It's gambling.

lol... not in this case. u guys r focusing on the wrong shit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 11, 2018, 04:46:13 PM
Quote from: Zillotch on January 11, 2018, 04:35:36 PM
lol... not in this case. u guys r focusing on the wrong shit.

Please explain how "it's different this time"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 11, 2018, 04:47:24 PM
Quote from: Mr Anabolic on January 11, 2018, 04:21:13 PM
For 33 years.  Are you even that old?  lol

You must be of beastly proportions.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on January 11, 2018, 04:55:25 PM
Quote from: Mr Anabolic on January 11, 2018, 04:46:13 PM
Please explain how "it's different this time"

blockchain will feed the system that ends humanity.

the path is crystal clear, if one has the eyes to see it... or even bothers to look. I would never encourage anyone to dip their toe into this, but like I've mentioned on this forum before - none of u will be able to avoid it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 11, 2018, 05:04:31 PM
Quote from: Zillotch on January 11, 2018, 04:55:25 PM
blockchain will feed the system that ends humanity.

the path is crystal clear, if one has the eyes to see it... or even bothers to look. I would never encourage anyone to dip their toe into this, but like I've mentioned on this forum before - none of u will be able to avoid it.

Didn't Vince Goodrum, CSN, MFT, HPP, CEO, invest in bitcoin?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on January 11, 2018, 05:10:48 PM
Quote from: SF1900 on January 11, 2018, 05:04:31 PM
Didn't Vince Goodrum, CSN, MFT, HPP, CEO, invest in bitcoin?

what r u trying to say? hmm hmm hmm.... 30 seconds can seem like an eternity.....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 11, 2018, 05:14:21 PM
Quote from: robcguns on January 11, 2018, 03:41:08 PM
The market is crashing a bit and it will rebound bigger than before.

Yep. its merely Korea related - 5% of the market.


With the asset bubble chart, it's worthwhile to ponder if the corrections now are actually the FIRST blip in the chart...... meaning the big one hasnt happened yet. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 11, 2018, 05:18:30 PM
Quote from: Zillotch on January 11, 2018, 04:55:25 PM
blockchain will feed the system that ends humanity.

the path is crystal clear, if one has the eyes to see it... or even bothers to look. I would never encourage anyone to dip their toe into this, but like I've mentioned on this forum before - none of u will be able to avoid it.

Quite possible.  If you've read my previous posts, I have pondered these types of things.  There eventually will be "Govcoin" or "Fedcoin" and that will be the official crypto.  I will NEVER participate in any of it and I will avoid it at all costs.  Hell, I may even be dead before the system is fully implemented and mandated by law.  

The main thing I am arguing against in this thread are these crypto Kool-Aid drinkers who believe it's not a mania/bubble.  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on January 11, 2018, 05:26:26 PM
Quote from: Mr Anabolic on January 11, 2018, 05:18:30 PM
I will NEVER participate in any of it and I will avoid it at all costs

that is wise.

Quote from: Mr Anabolic on January 11, 2018, 05:18:30 PM
Hell, I may even be dead before the system is fully implemented and mandated by law.  


the system is already in place... time is very short now. seek god, and cherish your family.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 11, 2018, 05:44:04 PM
Quote from: Mayday on January 11, 2018, 05:14:21 PM
Yep. its merely Korea related - 5% of the market.


With the asset bubble chart, it's worthwhile to ponder if the corrections now are actually the FIRST blip in the chart...... meaning the big one hasnt happened yet. 

This ^

The South Korean government is trying to get a handle on this situation and exactly what to do about it.

Evidently it has taken over the lives of a lot of the youth.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 11, 2018, 06:01:06 PM
Quote from: Zillotch on January 11, 2018, 05:10:48 PM
what r u trying to say? hmm hmm hmm.... 30 seconds can seem like an eternity.....

We can all make out millionaires like Vince Goodrum, CSN, MFT, HPP, CEO?  ??? ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on January 11, 2018, 06:04:49 PM
Quote from: SF1900 on January 11, 2018, 06:01:06 PM
We can all make out millionaires like Vince Goodrum, CSN, MFT, HPP, CEO?  ??? ???

gee... what a logical comment, imbecile  ::) par for the course
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 11, 2018, 06:07:06 PM
Quote from: Zillotch on January 11, 2018, 06:04:49 PM
gee... what a logical comment, imbecile  ::) par for the course

Imbecile....how will I ever recover?  ??? ??? Your insults are really horrible lately.  :-\ :-\

But, seriously, it is quite funny how Vince called it a few years back and now its sort of a big thing. Vince should not have sold so soon.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on January 11, 2018, 06:10:23 PM
Quote from: SF1900 on January 11, 2018, 06:07:06 PM
Imbecile

SF1900 - u r no longer worth 30 seconds... tho I would invite u to church with me, but I do not attend church. bye.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on January 11, 2018, 06:11:06 PM
Quote from: Zillotch on January 11, 2018, 05:26:26 PM
that is wise.
 

the system is already in place... time is very short now. seek god, and cherish your family.

What are you talking about?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 11, 2018, 06:13:13 PM
Quote from: robcguns on January 11, 2018, 06:11:06 PM
What are you talking about?

People can say what they want, but what's funny is that Goodrum talked about Bitcoin a few years  back and everyone laughed at him.  :D :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on January 11, 2018, 06:14:57 PM
Quote from: gib on January 10, 2018, 07:44:56 AM
I’ll reply to all posts a little later.

Just sold another coin today. So now have 30k in cash from sales.

(https://images.baklol.com/Waiting-for-a-Response-0602830111499600494.jpeg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 11, 2018, 06:19:56 PM
Quote from: el numero uno on January 11, 2018, 06:14:57 PM
(https://images.baklol.com/Waiting-for-a-Response-0602830111499600494.jpeg)

Bitcoin Price:
13399.00 US Dollar

Damn, the price of bitcoin drastically fluctuates. I assume some fluctuation is normal, but it seems like it goes up and down way too often.  ??? ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 11, 2018, 06:35:31 PM
Guys a little update (and as I said, I would post here, and say when I sold, whether it was at a profit or loss).

I am now almost entirely out of BTC, having sold off over the last few days at between 13500-16500. I now have 384K USD in the account I use for my BTC.

Its a pretty awesome feeling when you start, over a day to see the account balance grow as you see - $18,000, $24,000, $38,000 etc ending up to $384000 which is what I now have. (Also sold the BCC I had which was very nice considering I got it for "free").

I am holding now a single BTC on my Trezor and a bit of shrapnel on some other wallets (and also very nominal amounts of ETH and BCC).

So, pre-empting the questions, "why did you sell GIB"? You told us it will keep going up. (Or as Mr A likes to misquote, "you told us it would hit 100K then 1 million)".

Well, first, as I have always said, I don't think BTC can be valued. So it its indeed possible it could hit 40K end of year, and 100K in 3 years. (It could also drop significantly). Just today 2 "leading Wall St analysis" came out with BTC outlooks for year end 2018, one at 1.8K and the other at 20K. Personally, I am very very happy with the gains I have made.

When considering my buying price, these are the biggest % gains I have ever made on an investment (gambling and poker etc aside). Mind-blowing really. Part of what changed my thinking was that I was looking at a car I like which is selling for around USD 80K (a top of the range hotted up 2018 Ford Mustang) I sold off 80K to put aside, basically "securing the car", and then when I saw the reality of the cash and what it could buy I kind of thought of the remaining amount as being another 3 cars - a dose of reality perhaps. I "invested" on the feeling that a trend would take place, and I was right. Not perfect of course - I didn't sell a month back at 19K+ (and indeed if prices hit 40K, then in hindsight my decision to cash out will be far from perfect).

Prompting another expected comment - "but you already (supposedly) have so much money, why not just hold BTC then" its also about not losing money. I like making money, and I don't like losing money. (Buffet rule #1 - dont lose money). (Also noteworthy, I was one of the few who got out of the NASDAQ before it crashed (actually way too early).

Almost all of my crypto friends are holding or buying right now. Both more BTC, and then alt coins. Some have over USD 2m in crypto (including one who has most of his entire net worth now in crypto as basically has decided its all or nothing for him) - I have had discussions with them about converting into "real money" but all are very much of the view that there is much much more upside - lets see.

Will I rebuy? Well as I have said, everyone should hold at least 1 BTC, (for many reasons). Its also quite possible, that after the current trend to alt from BTC, we will eventually see a massive swing back to BTC. I will elaborate in future posts. Will I rebuy BTC -yes for sure, if it has a substantial correction.

I'll reply to some of the other comments a little later - busy now. Just wanted to share the update.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on January 11, 2018, 06:38:03 PM
Quote from: SF1900 on January 11, 2018, 06:19:56 PM
Bitcoin Price:
13399.00 US Dollar

Damn, the price of bitcoin drastically fluctuates. I assume some fluctuation is normal, but it seems like it goes up and down way too often.  ??? ???

Yeah, it goes up or down 5%, 10%, 20% in a matter of hours. It's crazy.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Agnostic007 on January 11, 2018, 06:46:06 PM
Quote from: gib on January 11, 2018, 06:35:31 PM
Guys a little update (and as I said, I would post here, and say when I sold, whether it was at a profit or loss).

I am now almost entirely out of BTC, having sold off over the last few days at between 13500-16500. I now have 384K USD in the account I use for my BTC.

Its a pretty awesome feeling when you start, over a day to see the account balance grow as you see - $18,000, $24,000, $38,000 etc ending up to $384000 which is what I now have. (Also sold the BCC I had which was very nice considering I got it for "free").

I am holding now a single BTC on my Trezor and a bit of shrapnel on some other wallets (and also very nominal amounts of ETH and BCC).

So, pre-empting the questions, "why did you sell GIB"? You told us it will keep going up. (Or as Mr A likes to misquote, "you told us it would hit 100K then 1 million)".

Well, first, as I have always said, I don't think BTC can be valued. So it its indeed possible it could hit 40K end of year, and 100K in 3 years. (It could also drop significantly). Just today 2 "leading Wall St analysis" came out with BTC outlooks for year end 2018, one at 1.8K and the other at 20K. Personally, I am very very happy with the gains I have made.

When considering my buying price, these are the biggest % gains I have ever made on an investment (gambling and poker etc aside). Mind-blowing really. Part of what changed my thinking was that I was looking at a car I like which is selling for around USD 80K (a top of the range hotted up 2018 Ford Mustang) I sold off 80K to put aside, basically "securing the car", and then when I saw the reality of the cash and what it could buy I kind of thought of the remaining amount as being another 3 cars - a dose of reality perhaps. I "invested" on the feeling that a trend would take place, and I was right. Not perfect of course - I didn't sell a month back at 19K+ (and indeed if prices hit 40K, then in hindsight my decision to cash out will be far from perfect).

Prompting another expected comment - "but you already (supposedly) have so much money, why not just hold BTC then" its also about not losing money. I like making money, and I don't like losing money. (Buffet rule #1 - dont lose money). (Also noteworthy, I was one of the few who got out of the NASDAQ before it crashed (actually way too early).

Almost all of my crypto friends are holding or buying right now. Both more BTC, and then alt coins. Some have over USD 2m in crypto (including one who has most of his entire net worth now in crypto as basically has decided its all or nothing for him) - I have had discussions with them about converting into "real money" but all are very much of the view that there is much much more upside - lets see.

Will I rebuy? Well as I have said, everyone should hold at least 1 BTC, (for many reasons). Its also quite possible, that after the current trend to alt from BTC, we will eventually see a massive swing back to BTC. I will elaborate in future posts. Will I rebuy BTC -yes for sure, if it has a substantial correction.

I'll reply to some of the other comments a little later - busy now. Just wanted to share the update.



congrats! that is an impressive win!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Irongrip400 on January 11, 2018, 06:50:25 PM
Quote from: gib on January 11, 2018, 06:35:31 PM
Guys a little update (and as I said, I would post here, and say when I sold, whether it was at a profit or loss).

I am now almost entirely out of BTC, having sold off over the last few days at between 13500-16500. I now have 384K USD in the account I use for my BTC.

Its a pretty awesome feeling when you start, over a day to see the account balance grow as you see - $18,000, $24,000, $38,000 etc ending up to $384000 which is what I now have. (Also sold the BCC I had which was very nice considering I got it for "free").

I am holding now a single BTC on my Trezor and a bit of shrapnel on some other wallets (and also very nominal amounts of ETH and BCC).

So, pre-empting the questions, "why did you sell GIB"? You told us it will keep going up. (Or as Mr A likes to misquote, "you told us it would hit 100K then 1 million)".

Well, first, as I have always said, I don't think BTC can be valued. So it its indeed possible it could hit 40K end of year, and 100K in 3 years. (It could also drop significantly). Just today 2 "leading Wall St analysis" came out with BTC outlooks for year end 2018, one at 1.8K and the other at 20K. Personally, I am very very happy with the gains I have made.

When considering my buying price, these are the biggest % gains I have ever made on an investment (gambling and poker etc aside). Mind-blowing really. Part of what changed my thinking was that I was looking at a car I like which is selling for around USD 80K (a top of the range hotted up 2018 Ford Mustang) I sold off 80K to put aside, basically "securing the car", and then when I saw the reality of the cash and what it could buy I kind of thought of the remaining amount as being another 3 cars - a dose of reality perhaps. I "invested" on the feeling that a trend would take place, and I was right. Not perfect of course - I didn't sell a month back at 19K+ (and indeed if prices hit 40K, then in hindsight my decision to cash out will be far from perfect).

Prompting another expected comment - "but you already (supposedly) have so much money, why not just hold BTC then" its also about not losing money. I like making money, and I don't like losing money. (Buffet rule #1 - dont lose money). (Also noteworthy, I was one of the few who got out of the NASDAQ before it crashed (actually way too early).

Almost all of my crypto friends are holding or buying right now. Both more BTC, and then alt coins. Some have over USD 2m in crypto (including one who has most of his entire net worth now in crypto as basically has decided its all or nothing for him) - I have had discussions with them about converting into "real money" but all are very much of the view that there is much much more upside - lets see.

Will I rebuy? Well as I have said, everyone should hold at least 1 BTC, (for many reasons). Its also quite possible, that after the current trend to alt from BTC, we will eventually see a massive swing back to BTC. I will elaborate in future posts. Will I rebuy BTC -yes for sure, if it has a substantial correction.

I'll reply to some of the other comments a little later - busy now. Just wanted to share the update.



Translation: "all you suckers bought in, putting me at the top of the pyramid and now I sold out".
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on January 11, 2018, 06:57:47 PM
Since bitcoins don't create wealth by themselves, I guess that the only way someone could make so much money is because others paid too much.

Gib's story is one side of the coin. There's a lot of people out there who are going to lose a lot of money.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: mazrim on January 11, 2018, 06:58:31 PM
Quote from: Irongrip400 on January 11, 2018, 06:50:25 PM
Translation: "all you suckers bought in, putting me at the top of the pyramid and now I sold out".
This is true but there is no denying he did well.

Bitcoins reminds me of one of those ideas on Shark Tank that you think is really bad/stupid but then you hear that the company sold $1.5 million or something and you wish you were that "stupid". Or smart I guess.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on January 11, 2018, 07:39:07 PM
So the US Gov is the biggest holder of bitcoin behind Satoshi. This an old article. The bitcoin they have now is in the billions of $$$$

In September, the FBI shut down the Silk Road online drug marketplace, and it started seizing bitcoins belonging to the Dread Pirate Roberts — the operator of the illicit online marketplace, who they say is an American man named Ross Ulbricht.

The seizure sparked an ongoing public discussion about the future of Bitcoin, the world’s most popular digital currency, but it had an unforeseen side-effect: It made the FBI the holder of the world’s biggest Bitcoin wallet.

The FBI now controls more than 144,000 bitcoins that reside at a bitcoin address that consolidates much of the seized Silk Road bitcoins. Those 144,000 bitcoins are worth close to $100 million at Tuesday’s exchange rates. Another address, containing Silk Road funds seized earlier by the FBI, contains nearly 30,000 bitcoins ($20 million).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 11, 2018, 07:45:20 PM
Quote from: El Diablo Blanco on January 11, 2018, 07:39:07 PM
So the US Gov is the biggest holder of bitcoin behind Satoshi. This an old article. The bitcoin they have now is in the billions of $$$$

In September, the FBI shut down the Silk Road online drug marketplace, and it started seizing bitcoins belonging to the Dread Pirate Roberts — the operator of the illicit online marketplace, who they say is an American man named Ross Ulbricht.

The seizure sparked an ongoing public discussion about the future of Bitcoin, the world’s most popular digital currency, but it had an unforeseen side-effect: It made the FBI the holder of the world’s biggest Bitcoin wallet.

The FBI now controls more than 144,000 bitcoins that reside at a bitcoin address that consolidates much of the seized Silk Road bitcoins. Those 144,000 bitcoins are worth close to $100 million at Tuesday’s exchange rates. Another address, containing Silk Road funds seized earlier by the FBI, contains nearly 30,000 bitcoins ($20 million).

As far as I know those BTC seized from Silk road were sold off shortly there after. A fund bought them (and has made massive profit since then).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on January 11, 2018, 08:12:13 PM
Quote from: gib on January 11, 2018, 07:45:20 PM
As far as I know those BTC seized from Silk road were sold off shortly there after. A fund bought them (and has made massive profit since then).

Probably why Trump hates the FBI so much.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 12, 2018, 07:06:50 AM
Quote from: El Diablo Blanco on January 11, 2018, 08:12:13 PM
Probably why Trump hates the FBI so much.

Trump hates the fbi because they are out to get HIS ass.

I bet he could care less about some bitcoin transaction.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 12, 2018, 07:16:35 AM
Quote from: Irongrip400 on January 11, 2018, 06:50:25 PM
Translation: "all you suckers bought in, putting me at the top of the pyramid and now I sold out".

Glad I didn't take advice from this thread!!

I knew it would end like this, the guys screaming the loudest propaganda do so for their own interests and want others to buy even at inflated prices so they can maximize gains and sell before the pyramid collapses and the rest who they sucked in make big losses or worse.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on January 12, 2018, 08:49:13 AM
Quote from: Griffith on January 12, 2018, 07:16:35 AM
Glad I didn't take advice from this thread!!

I knew it would end like this, the guys screaming the loudest propaganda do so for their own interests and want others to buy even at inflated prices so they can maximize gains and sell before the pyramid collapses and the rest who they sucked in make big losses or worse.




bingo
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 12, 2018, 10:07:53 AM
Quote from: gib on January 11, 2018, 06:35:31 PM
Guys a little update (and as I said, I would post here, and say when I sold, whether it was at a profit or loss).

I am now almost entirely out of BTC, having sold off over the last few days at between 13500-16500. I now have 384K USD in the account I use for my BTC.

Its a pretty awesome feeling when you start, over a day to see the account balance grow as you see - $18,000, $24,000, $38,000 etc ending up to $384000 which is what I now have. (Also sold the BCC I had which was very nice considering I got it for "free").

I am holding now a single BTC on my Trezor and a bit of shrapnel on some other wallets (and also very nominal amounts of ETH and BCC).

So, pre-empting the questions, "why did you sell GIB"? You told us it will keep going up. (Or as Mr A likes to misquote, "you told us it would hit 100K then 1 million)".

Well, first, as I have always said, I don't think BTC can be valued. So it its indeed possible it could hit 40K end of year, and 100K in 3 years. (It could also drop significantly). Just today 2 "leading Wall St analysis" came out with BTC outlooks for year end 2018, one at 1.8K and the other at 20K. Personally, I am very very happy with the gains I have made.

When considering my buying price, these are the biggest % gains I have ever made on an investment (gambling and poker etc aside). Mind-blowing really. Part of what changed my thinking was that I was looking at a car I like which is selling for around USD 80K (a top of the range hotted up 2018 Ford Mustang) I sold off 80K to put aside, basically "securing the car", and then when I saw the reality of the cash and what it could buy I kind of thought of the remaining amount as being another 3 cars - a dose of reality perhaps. I "invested" on the feeling that a trend would take place, and I was right. Not perfect of course - I didn't sell a month back at 19K+ (and indeed if prices hit 40K, then in hindsight my decision to cash out will be far from perfect).

Prompting another expected comment - "but you already (supposedly) have so much money, why not just hold BTC then" its also about not losing money. I like making money, and I don't like losing money. (Buffet rule #1 - dont lose money). (Also noteworthy, I was one of the few who got out of the NASDAQ before it crashed (actually way too early).

Almost all of my crypto friends are holding or buying right now. Both more BTC, and then alt coins. Some have over USD 2m in crypto (including one who has most of his entire net worth now in crypto as basically has decided its all or nothing for him) - I have had discussions with them about converting into "real money" but all are very much of the view that there is much much more upside - lets see.

Will I rebuy? Well as I have said, everyone should hold at least 1 BTC, (for many reasons). Its also quite possible, that after the current trend to alt from BTC, we will eventually see a massive swing back to BTC. I will elaborate in future posts. Will I rebuy BTC -yes for sure, if it has a substantial correction.

I'll reply to some of the other comments a little later - busy now. Just wanted to share the update.

I misquoted nothing.  You said that many times over these last 60 pages of posts, in fact you said $100K on the very first post of this thread.  You should've been a politician. 

Quote from: gib on September 01, 2017, 06:34:17 AM
Hope all u guys got some. Soon will be able to retire and just chill and train when they get to 100k per coin.

You spent hours and hours pumping blipcoins and posting crap like this here.  If you actually believed any of it, you would've never sold it. What a disingenuous POS you are.
 
Quote from: gib on January 04, 2018, 05:13:17 PM
Debunking Mr A’s various bitcoin myths. Good summary below:

1. Bitcoin is not real money

The fundamental characteristics an asset must have to be considered money are:

Uniformity: In other words, every “dollar” or bitcoin is the same as the next one. When you’re talking about using seashells or cows as currency, uniformity is hard to achieve.

Divisibility: Dollars and bitcoin need to be divisible, broken up into small increments to cover a wide range of value transactions. Cows? Not so much, unless you’re hosting a barbecue.

Portability: Your currency must be easy to transfer and store.

Durability: Older, agriculturally-based forms of money had a shelf life. Gold is the ultimate when it comes to durability. Paper notes deteriorate.

Limited Supply: A currency is worthless if there’s no scarcity to it. In our office here in Hong Kong we have a 500 million dollar note issued by the Zimbabwean government – it’s a simple reminder of what ultimately happens when governments try to endlessly print their way to prosperity.

Acceptability: to be considered money, the asset has to be widely accepted. People all over the world will take U.S. dollars. They won’t however take Turkish lira.

Bitcoin holds all of these characteristics with the exception of acceptability – although that is rapidly changing. Japan passed a law earlier this year that made bitcoin acceptable as legal tender.

And the digital element of bitcoin? Well,  more than 90 percent of all money that exists today around the world is not even physical… it’s purely digital, existing only on computer servers.

2. Bitcoin can be hacked

In certain circles, bitcoin and cryptocurrencies in general are synonymous with hacking – thanks to some high-profile hacks of cryptocurrency exchanges – like Mt. Gox in 2014 or Bithumb in 2017.

In an area so nascent, of course there are hackers looking to exploit individuals’ inexperience, or find technological loopholes. Hackers have always and will always be a risk to ANYTHING where value resides on a computer network.

But bitcoin is one of the most secure assets an individual can own – it’s just that it’s 100 percent up to the individual to secure it themselves.

Cryptocurrency exchanges have been hacked. They are third-party platforms where you have no visibility as to how customers’ digital assets are being secured. That’s why I’ve said repeatedly that you shouldn’t keep large amounts of bitcoin on an exchange because when it’s on an exchange you don’t own it, they do.

And when it comes to hacking, you are far, far more at risk from other cybersecurity vulnerabilities – just look at U.S. credit reporting agency Equifax who announced recently that the Social Security numbers along with other personal information of millions of Americans may have been compromised.

That’s a catastrophic breach. And this kind of thing happens all the time. So there’s no use worrying about bitcoin “hacking” when you can take full personal control and accountability for securing it yourself (rather than be at the mercy of an incompetent third party).

3. Bitcoin is used by criminals

“Bitcoin’s core use remains what’s it’s always been: paying for drugs or extortion fees on the Internet.”

That’s a quote from a recent Fortune magazine article.

The suggestion that bitcoin’s core use is for buying drugs and extortion is nothing new – and it’s part of the media’s ongoing narrative. It’s understandable in many respects.

After all, there have been recent ransomware hack/virus attacks that demand users pay a small ransom in bitcoin to unlock their computers.

And who can forget the FBI’s 2013 takedown of Silk Road.

Silk Road was an online marketplace used to sell illegal drugs, dirty pictures, and stolen plastic.

These criminals thought that because bitcoin operated independently of the U.S. government, their activity couldn’t be traced.

But they were proved wrong once the government shut Silk Road down, and made an example of this illegal marketplace.

You see, it turns out bitcoin is nowhere near as anonymous and untraceable as cash.

Bitcoin is pseudonymous. That is to say, a bitcoin address can be tied to a particular user. You may not know who that user is, but that user has an identity. Think of it like a username on a website. You may not know who’s behind it, but that username is tied to a particular person – and their actions are tied to that username.

The whole point about bitcoin is that it’s actually transparent. Every transaction is recorded on the blockchain and visible to everyone.

In short, just because bitcoin has been the method of payment used by some criminals, it’s definitely not the currency’s core use.

4. Bitcoin is not regulated

A lot of people are worried about bitcoin because the government hasn’t come out with an official policy about how it should be run.

In short, there’s no financial system, like the U.S. Federal Reserve, manging its existence and value. And as a recent Forbes article “warns”, “there is no ‘good faith and credit’ of the government standing behind the currency.”

But think about it… does a government’s promise that something is “money” protect its value?

The U.S. dollar can be printed at will… and only has value because the government says so.

Plus, more regulation on bitcoin is quickly being established. For example, the U.S. Commodity Futures Trading Commission (CFTC), which regulates futures and options markets, already approved the creation of options trading around bitcoin.

And the SEC recently came out with a statement hinting that it will soon begin regulating cryptocurrencies.

These moves will only bring additional stability to the bitcoin market, and with it, some new money.

But what about in the rest of the world?

China recently announced a ban on initial coin offerings (ICOs), where companies create and issue cryptocurrencies to the public in exchange for bitcoin or ethereum (the second-largest cryptocurrency).

But China didn’t “ban” bitcoin.  And even if a government did want to ban it, the question is “how”? That cat’s already out of the bag. And bitcoin doesn’t answer to any government.

There is no bitcoin head office, no CEO, no board of directors.

What’s more, there’s no incentive for any major economy to “ban” bitcoin. (Japan, the third-largest economy in the world, made it legal tender.) Any government that does ban it is simply saying “we don’t want innovation, technology jobs, new companies, or enterprise in general”.

Now don’t get me wrong – there is and will be regulation, and there may even be a temporary shutdown of the exchanges.

But regulation is a different story altogether. For example, don’t think for a second that Uncle Sam is going to let you make 10x on a cryptocurrency trade and not pay your “fair share” of tax to the coffers.

5. Bitcoin is too volatile to invest in

Most people look at bitcoin’s daily price changes and write bitcoin off simply because it’s more volatile than your typical blue-chip stock. But these swings are growing smaller, as more and more people move money into bitcoin.

According to investment firm ARK Invest, at the beginning of this year, “bitcoin’s daily volatility was about one-fifth that of five years ago, and 28 percent less than January 1, 2016.”

And this trend should continue, as time goes on… and more money flocks into this sapce.

That said, even with this level of volatility, bitcoin delivered better risk-adjusted returns than stocks, bonds, gold and real estate over the past five years. In fact, over the past year alone, bitcoin performed twice as well as stocks, on a risk-adjusted basis.

I’m not saying bitcoin won’t be volatile. Like any asset, cryptocurrencies will continue to experience rallies and corrections. Don’t fall into the trap of thinking “this time is different” and that bitcoin will go up forever. The cryptocurrency could absolutely be in for a short-term price bubble. But over the long term, the upside is far from over. You just need to proceed carefully. And “invest” no more than you can absolutely afford to lose.

Don’t believe the media hype

As I said earlier, the media doesn’t really understand bitcoin. So what you read in the mainstream media on cryptocurrencies should be taken with a liberal dose of salt.

The truth is, bitcoin is a just a cryptographically scarce and secure medium of exchanging value. It’s not a vehicle for criminals or not a real currency. And bitcoin, and the technology behind it – called the blockchain – is quickly changing the world. And it’s here to stay. Being on the outside (and not understanding it) will limit your ability to profit.

So if you’re not familiar with it, now is the time to make the effort.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on January 12, 2018, 10:12:34 AM
Quote from: Mr Anabolic on January 12, 2018, 10:07:53 AM
What a disingenuous POS you are.

boom
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 12, 2018, 10:15:33 AM
Quote from: Griffith on January 12, 2018, 07:16:35 AM
Glad I didn't take advice from this thread!!

I knew it would end like this, the guys screaming the loudest propaganda do so for their own interests and want others to buy even at inflated prices so they can maximize gains and sell before the pyramid collapses and the rest who they sucked in make big losses or worse.

Like I said from the beginning... the price/perceived value of blipcoin (and ALL cryptos) is based on the "greater fool" principle.  It was a scam from the very beginning.  The originators always need some elaborate story to get people to buy into the scam.  Bitcoins are not anonymous... they NEVER were.  They are NOT money either.

I was hoping this blipcoin pumping fucktard would hold on and ride it all the way back down.  Oh well.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 12, 2018, 10:16:26 AM
Quote from: Mr Anabolic on January 12, 2018, 10:15:33 AM
Like I said from the beginning... the price/perceived value of blipcoin (and ALL cryptos) is based on the "greater fool" principle.  It was a scam from the very beginning.  The originators always need some elaborate story to get people to buy into the scam.  Bitcoins are not anonymous... they NEVER were.  They are NOT money either.

I was hoping this blipcoin pumping fucktard would hold on and ride it all the way back down.  Oh well.

Mr. Anabolic, will you at least buy ONE bitcoin, just for the hell of it? To see what can potentially happen?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 12, 2018, 10:23:21 AM
Quote from: SF1900 on January 12, 2018, 10:16:26 AM
Mr. Anabolic, will you at least buy ONE bitcoin, just for the hell of it? To see what can potentially happen?

No, because I know it is inherently worthless... an intangible digital illusion.

Will you ever hold a gold coin in your hand and/or understand what real money is?   Probably not.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dave D on January 12, 2018, 10:29:15 AM
Quote from: Mr Anabolic on January 12, 2018, 10:07:53 AM
I misquoted nothing.  You said that many times over these last 60 pages of posts, in fact you said $100K on the very first post of this thread.  You should've been a politician. 

You spent hours and hours pumping blipcoins and posting crap like this here.  If you actually believed any of it, you would've never sold it. What a disingenuous POS you are.
 

I agree with your sentiments.


Gib what gives when bitcoin was 10k-13k you were insisting those who didn't invest were making the worst financial decision of their life. Now you're completely out of the game?

Bitcoin must be failing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 12, 2018, 10:31:20 AM
Quote from: Mr Anabolic on January 12, 2018, 10:23:21 AM
No, because I know it is inherently worthless... an intangible digital illusion.

Will you ever hold a gold coin in your hand and/or understand what real money is?   Probably not.

I've never invested in gold or silver or bitcoin, or anything like that. However, I could invest in gold, if I choose to. I don't know enough about that market to invest, like GIB knows about Bitcoin. You're right, I don't know what "real" money is, in terms of the complicated nature behind the industry, which is why I leave it up to people who do.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 12, 2018, 10:38:15 AM
Quote from: Dave D on January 12, 2018, 10:29:15 AM
I agree with your sentiments.


Gib what gives when bitcoin was 10k-13k you were insisting those who didn't invest were making the worst financial decision of their life. Now you're completely out of the game?

Bitcoin must be failing.

Of course it will fail.

Also, if gib is truly a multi-millionaire and making $500K a year like he claims, $384K should be pocket change to him.   He was so sure it was going to $100K - $1 million just 3 months ago.  Why not let it ride then cash in when it hits $1 million?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 12, 2018, 10:45:18 AM
Quote from: SF1900 on January 12, 2018, 10:31:20 AM
I've never invested in gold or silver or bitcoin, or anything like that. However, I could invest in gold, if I choose to. I don't know enough about that market to invest, like GIB knows about Bitcoin. You're right, I don't know what "real" money is, in terms of the complicated nature behind the industry, which is why I leave it up to people who do.

The financial industry convolutes and complicates things on purpose.  The greedy banksters get more fees, commissions and expenses that way.  Traditional 401k's and IRAs skim/steal 5-10% of an average persons retirement fund per year.  Add that up over 20-30 years.  Banks and banksters are evil, you need to understand this.

Physical gold and silver (especially) are the safest and most underpriced assets/investments right now.  There are no counterparty risks.  That is free advice, the rest is up to you.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 12, 2018, 10:50:48 AM
Quote from: Mr Anabolic on January 12, 2018, 10:45:18 AM
The financial industry convolutes and complicates things because the greedy banksters get more fees, commissions and expenses that way.  Traditional 401k's and IRAs skim/steal 5-10% of an average persons retirement fund per year.  Add that up over 20-30 years.  Banks and banksters are evil, you need to understand this.

Ohh, I totally understand. I am one of the few on here who agree with you that politics is a sham, voting doesn't matter (which is why I don't vote), and not to put too much emphasis on politics (which I don't). Similarly, the banks are obviously evil. I have never assumed that any bank looks out for your best interest.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on January 12, 2018, 11:12:01 AM
Quote from: robcguns on January 11, 2018, 06:11:06 PM
What are you talking about?

I'm talking about the end, my friend... of this world as u know it. I'm talking about a time in which men must to get their spiritual ducks in a row.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on January 12, 2018, 12:14:30 PM
Quote from: Mr Anabolic on January 12, 2018, 10:38:15 AM
Of course it will fail.

Also, if gib is truly a multi-millionaire and making $500K a year like he claims, $384K should be pocket change to him.   He was so sure it was going to $100K - $1 million just 3 months ago.  Why not let it ride then cash in when it hits $1 million?



Are you saying you don't believe Gib is a millionaire making 500K per year?   So far, you've been right about bitcoin, maybe you're right about Gib's wealth as well?   ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 12, 2018, 12:20:43 PM
Quote from: Twaddle on January 12, 2018, 12:14:30 PM
Are you saying you don't believe Gib is a millionaire making 500K per year?   So far, you've been right about bitcoin, maybe you're right about Gib's wealth as well?   ???

Imagine if GIB was really a gimmick who spent 71 pages trolling!  :o :o

That would be a record for trolling!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on January 12, 2018, 12:25:19 PM
Quote from: SF1900 on January 12, 2018, 12:20:43 PM
Imagine if GIB was really a gimmick who spent 71 pages trolling!  :o :o

That would be a record for trolling!

In that case, great job.  You've really outdone yourself this time.   :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on January 12, 2018, 01:53:07 PM
Quote from: Twaddle on January 12, 2018, 12:14:30 PM
Are you saying you don't believe Gib is a millionaire making 500K per year?   So far, you've been right about bitcoin, maybe you're right about Gib's wealth as well?   ???

I don't know what gib's net worth is, but I do think he's lying when he claims to be a top notch investor.

He never uses jargon, in fact, he usually gets terms or abbreviations wrong.

His conclusions were not only flawed but had no basis at all. Things like "bitcoin increased 1300% this year, so the next year it should increase at least 500%."; "Bitcoin will hit 100k soon"; "Bitcoing could hit 1 million at some point". He showed no support for such claims, it was pure speculation.

He was brainwashed by the claims about how bitcoin will become a global currency, that it was decentralized, even thou the top 4% of the early adopters own 96% of the market cap of bitcoin (https://www.quora.com/The-number-of-bitcoins-will-be-locked-in-at-21-million-The-US-along-with-other-countries-print-money-which-increases-the-amount-of-cash-in-circulation-What-would-be-the-consequences-of-the-world-using-a-single-currency-which-has-a-finite-quantity/answer/Marco-Venti?srid=FO6G), etc, etc.


He really believed all the hype about bitcoin. At some point he was scared and decided to cash out.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 12, 2018, 02:29:45 PM
Quote from: Twaddle on January 12, 2018, 12:14:30 PM
Are you saying you don't believe Gib is a millionaire making 500K per year?   So far, you've been right about bitcoin, maybe you're right about Gib's wealth as well?   ???

Not saying it's impossible, but it was only based on claims, there was nothing produced to prove it.  It's also possible that he did not own one single bitcoin.  Like someone said, he could have been trolling the entire time.  Screen shots of account balances with the account/ID numbers redacted would've made his claims more credible, but those can be faked too, especially in this day and age.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 12, 2018, 02:47:00 PM
Quote from: el numero uno on January 12, 2018, 01:53:07 PM
I don't know what gib's net worth is, but I do think he's lying when he claims to be a top notch investor.

He never uses jargon, in fact, he usually gets terms or abbreviations wrong.

His conclusions were not only flawed but had no basis at all. Things like "bitcoin increased 1300% this year, so the next year it should increase at least 500%."; "Bitcoin will hit 100k soon"; "Bitcoing could hit 1 million at some point". He showed no support for such claims, it was pure speculation.

He was brainwashed by the claims about how bitcoin will become a global currency, that it was decentralized, even thou the top 4% of the early adopters own 96% of the market cap of bitcoin (https://www.quora.com/The-number-of-bitcoins-will-be-locked-in-at-21-million-The-US-along-with-other-countries-print-money-which-increases-the-amount-of-cash-in-circulation-What-would-be-the-consequences-of-the-world-using-a-single-currency-which-has-a-finite-quantity/answer/Marco-Venti?srid=FO6G), etc, etc.

He really believed all the hype about bitcoin. At some point he was scared and decided to cash out.


He definitely was drunk on the crypto Kool-Aid.  He was pumping hard the first 50 pages of this thread and updating every $100 price increase.  He did the correct thing by cashing out, but in doing so proved he didn't believe the hype or his own posts from the very beginning.

However, there is no way to confirm that he had ANY bitcoins.  If he could prove it I would sincerely congratulate him on an easy $380,000 profit.  After the tax man gets his cut, he'll have approximately $247K.  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on January 12, 2018, 02:57:46 PM
Quote from: Zillotch on January 12, 2018, 11:12:01 AM
I'm talking about the end, my friend... of this world as u know it. I'm talking about a time in which men must to get their spiritual ducks in a row.

But why?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on January 12, 2018, 03:42:36 PM
Quote from: robcguns on January 12, 2018, 02:57:46 PM
But why?

I believe that the bible is true, and I'm watching the forecast described within it play out before my eyes in real time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 13, 2018, 12:08:41 AM
I'm online and will now reply to a few of the posts here
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 13, 2018, 12:42:11 AM
Quote from: Mr Anabolic on January 12, 2018, 02:47:00 PM
He definitely was drunk on the crypto Kool-Aid.  He was pumping hard the first 50 pages of this thread and updating every $100 price increase.  He did the correct thing by cashing out, but in doing so proved he didn't believe the hype or his own posts from the very beginning.

However, there is no way to confirm that he had ANY bitcoins.  If he could prove it I would sincerely congratulate him on an easy $380,000 profit.  After the tax man gets his cut, he'll have approximately $247K.  


Not drunk on any cool aid - I was stating facts all of which were correct and many of which debunked incorrect things you posted

The update every 100 was a nice way at having a little dig at you each time you were further proven wrong with your statements (starting from when you called bitcoin a ponzie scheme back in 2014 then calling the top at 5K then re-calling the top at 13K (I will repost your exact quotes a little later)

There are many ways to confirm I had coins (and that I sold them) - if you actually bought and sold btc you would know that my trezor contains details of the various transactions (amounts and dates etc)

Thank you for the congratulations on the profit I made (albeit conditional on me having told the truth lol) - the actual profit is a little lower as you failed to take into account my buy in price (ie the initial investment capital) but lets call it 340K - still a phenomenal return on a %age basis - around 1400% over the last year compared to your suggests (gold and silver) which produced pretty much a zero return

Imagine if you have put just $1000 into BTC back in 2014 when you poo pooed it calling it a "ponzi scheme"! At that time it was around $400 a coin - you do the maths - imagine if you have bought when you called "the top" and $5000 - an on and on

As for paying tax I have explained to you many times that I don't pay capital gains tax where I live - Please understand that not everyone is foolish enough to live in the US where taxes are imposed on capital gains - again I have addressed this several times in prior posts

Now what does surprise me a little is that no one has asked "what's next"? What' the next "big thing" you are going to do to make money?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 13, 2018, 01:01:14 AM
Quote from: Mr Anabolic on January 12, 2018, 02:29:45 PM
Not saying it's impossible, but it was only based on claims, there was nothing produced to prove it.  It's also possible that he did not own one single bitcoin.  Like someone said, he could have been trolling the entire time.  Screen shots of account balances with the account/ID numbers redacted would've made his claims more credible, but those can be faked too, especially in this day and age.

As I have explained before - my wealth (or lack of it - whatever you choose to believe) should not be relevant to my various posts on the topic bitcoin - please read and consider the posts independently of any wealth I may already have - please assume I have zero wealth if you wish and address the various points I have posted on BTC - I also did offer by the way to have a trusted admin or Ron do a video call with me where I could share screenshots and bank balances etc but again that would not really be relevant to the BTC discussion - for example how would I prove I'm not just a rich kid vs self made - and even if self made that does not necessarily I am right about everything going forwards - so again suggest focussing on the topic of btc rather than my level of wealth
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 13, 2018, 01:09:51 AM
Quote from: el numero uno on January 12, 2018, 01:53:07 PM
I don't know what gib's net worth is, but I do think he's lying when he claims to be a top notch investor.

He never uses jargon, in fact, he usually gets terms or abbreviations wrong.

His conclusions were not only flawed but had no basis at all. Things like "bitcoin increased 1300% this year, so the next year it should increase at least 500%."; "Bitcoin will hit 100k soon"; "Bitcoing could hit 1 million at some point". He showed no support for such claims, it was pure speculation.

He was brainwashed by the claims about how bitcoin will become a global currency, that it was decentralized, even thou the top 4% of the early adopters own 96% of the market cap of bitcoin (https://www.quora.com/The-number-of-bitcoins-will-be-locked-in-at-21-million-The-US-along-with-other-countries-print-money-which-increases-the-amount-of-cash-in-circulation-What-would-be-the-consequences-of-the-world-using-a-single-currency-which-has-a-finite-quantity/answer/Marco-Venti?srid=FO6G), etc, etc.


He really believed all the hype about bitcoin. At some point he was scared and decided to cash out.


Lol at using jargon - I hang with many hedge fund dudes and can talk the talk - but it adds little value especially when speaking with people not in the industry - bear in mind I am often typing on the the go and on a mobile device

As for "bitcoin increased 1300% this year, so the next year it should increase at least 500%." don't misquote me (or misread me if that's what you did) - try replacing "should" with "could" and you would be more accurate

As for ""Bitcoin will hit 100k soon"; "Bitcoing could hit 1 million at some point". He showed no support for such claims, it was pure speculation." again a partial misquote but as for "support for such claims" I have explained many times that BTC cannot be valued - as such yes its possible that such valuations could be hit in the future

As for "He was brainwashed by the claims about how bitcoin will become a global currency, that it was decentralized" well it is a global currency and it is decentralized - no brainwashing- rather established fact

21 million coins max - this is also correct - again established fact

I have only partially "cashed out" - I have kept a coin - "scared" is not the right phrase - more appropriate is that I wanted to lock in my gains and did not want to risk losing from the point I sold at - having said that I have also said I may rebuy in the future
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 13, 2018, 01:16:28 AM
Quote from: Mr Anabolic on January 12, 2018, 10:38:15 AM
Of course it will fail.

Also, if gib is truly a multi-millionaire and making $500K a year like he claims, $384K should be pocket change to him.   He was so sure it was going to $100K - $1 million just 3 months ago.  Why not let it ride then cash in when it hits $1 million?



"Of course it will fail." - well that depends on what the purpose if BTC was/is - I think its overwhelming clear that on many levels it was a massive success

"If gib is truly a multi-millionaire and making $500K a year like he claims, $384K should be pocket change to him" - yes and no - reality is that regardless of my wealth 384K is a lot of money - and as you say it comes close to a years income - so yes I can "afford" to lose it but that does not mean I want to  - I did not ge to where I am by losing money - I got here by making money and avoiding losing money (my BTC investment and exit being a perfect example)

"He was so sure it was going to $100K - $1 million just 3 months ago.  Why not let it ride then cash in when it hits $1 million?" If it was a certainty then clearly I would have invested even more right? Reality is its not a certainty - further at my level there is a lot to be said for diversification of any asset (not matter how solid it seems) - what I did say though is that it it likely that it could hit 40K end of 2018 and 100K by 2020 - reality is that the ride there will not be smooth - again as I have said I may rebuy (and I will post here if/when I do so) - further I have kept a coin - if it hits 1 mil I'm good - no regrets about selling the rest

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 13, 2018, 01:21:12 AM
Quote from: Dave D on January 12, 2018, 10:29:15 AM
I agree with your sentiments.


Gib what gives when bitcoin was 10k-13k you were insisting those who didn't invest were making the worst financial decision of their life. Now you're completely out of the game?

Bitcoin must be failing.

Doing nothing with ones cash is not usually "the worst financial decision of one's life" - but its clearly not the best decision either (although now is actually a good time to be sitting on cash - I will elaborate on that later - if you have zero exposure to BTC I would suggest you do consider buying some if only for the benefit of learning the whole process and understanding the "new era of crypto" let alone as a hedge against a range of worst case scenarios - but don't get me wrong - I would not suggest putting a large % of your net wealth into BTC (For the average person I would consider 10% of wealth into BTC to be a large allocation - even 5% still quite significant)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 13, 2018, 01:23:42 AM
Quote from: Mr Anabolic on January 12, 2018, 10:23:21 AM
No, because I know it is inherently worthless... an intangible digital illusion.

Will you ever hold a gold coin in your hand and/or understand what real money is?   Probably not.

As much of an illusion as the electronic blips representing money in your bank accounts (actually less of an illusion really as money can be printed and created out of thin air wheres BTC is mathematically limited and decentralized)

As for gold coins yes they feel nice I'll give you that - but just like BTC they are inherently worthless with a value dependent only what people are collectively willing to ascribe to them
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 13, 2018, 01:24:13 AM
Whew - one page done - on to the next page
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 13, 2018, 01:26:48 AM
Quote from: SF1900 on January 12, 2018, 10:16:26 AM
Mr. Anabolic, will you at least buy ONE bitcoin, just for the hell of it? To see what can potentially happen?

I advised the same even if only to learn the practically experince the proceess - how to find an exchange - how to get funds to the exchange or the seller - how to safely store - how to make a purchase using BTC - converting btc to cash in a foreign country - using btc to buy other crypto etc etc - this is the future and actually going through this is not only educational but creates perspective
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 13, 2018, 01:32:30 AM
Quote from: Mr Anabolic on January 12, 2018, 10:15:33 AM
Like I said from the beginning... the price/perceived value of blipcoin (and ALL cryptos) is based on the "greater fool" principle.  It was a scam from the very beginning.  The originators always need some elaborate story to get people to buy into the scam.  Bitcoins are not anonymous... they NEVER were.  They are NOT money either.

I was hoping this blipcoin pumping fucktard would hold on and ride it all the way back down.  Oh well.

The value of all assets are based on the he "greater fool" principle- supply and demand economics 101 - no scam as mathematics is purity - but yes like gold or silver or indeed any asset that produces no yield the value is dependent on what others will pay for it

Please explain how BTC is not anonymous - this really is an example of your total misunderstanding of how BTC works  - I will explain it once again - a buyer and a seller can transact with no-one knowing their identities - all that is tracked is the transaction itself on the blockchain - no personal data is tracked

As for being "money" BTC obviously is money (at least in as much as gold or silver etc or any asset is)

But either way these two points are really irrelevant to the issue as to whether BTC was a good investment - it clearly was for me as the numbers themselves have shown
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 13, 2018, 01:38:44 AM
Quote from: Mr Anabolic on January 12, 2018, 10:07:53 AM

You spent hours and hours pumping blipcoins and posting crap like this here.  If you actually believed any of it, you would've never sold it. What a disingenuous POS you are.
 

Actually you spent hours and hours talking BTC down with factually incorrect statements all of which I proved you wrong on

And lets for a moment also consider who made money (and who missed out on making money) shall we?

I have explained why I sold and have been transparent about it as I said I would be

I will try to respond to other posts later - name calling is really quite pointless and adds little value to your position - but in any case I will now repond with a little poem for you

"Blipity blip blipty blip - Mr A was full of shxt"

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 13, 2018, 01:45:46 AM
Quote from: gib on January 13, 2018, 01:38:44 AM
Actually you spent hours and hours talking BTC down with factually incorrect statements all of which I proved you wrong on

And lets for a moment also consider who made money (and who missed out on making money) shall we?

I have explained why I sold and have been transparent about it as I said I would be

I will try to respond to other posts later - name calling is really quite pointless and adds little value to your position - but in any case I will now repond with a little poem for you

"Blipity blip blipty blip - Mr A was full of shxt"



Oh and

"GIB made money - yeah lots of it" :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on January 13, 2018, 02:15:03 AM
mr anabolic was right all along . . .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: manuelsonn on January 13, 2018, 02:36:18 AM
This is what i call a good investement :

http://www.news.com.au/sport/superracing/punters-life/one-tab-punter-cleaned-up-with-a-20leg-multi/news-story/c66ae3db348d24fe3994b86b6d2efe0b

What you gib?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on January 13, 2018, 05:14:59 AM
Quote from: gib on January 13, 2018, 12:42:11 AM

Thank you for the congratulations on the profit I made (albeit conditional on me having told the truth lol) - the actual profit is a little lower as you failed to take into account my buy in price (ie the initial investment capital) but lets call it 340K - still a phenomenal return on a %age basis - around 1400% over the last year compared to your suggests (gold and silver) which produced pretty much a zero return

You numbers do not add up. 

384K account balance
340K profit
= 44K initial investment

44K x 1400% = 616K

If you made a 1400% return, your account should have around 616K in it.   ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on January 13, 2018, 05:40:19 AM
Quote from: Twaddle on January 13, 2018, 05:14:59 AM
You numbers do not add up. 

384K account balance
340K profit
= 44K initial investment

44K x 1400% = 616K

If you made a 1400% return, your account should have around 616K in it.   ???

This is why I think he's bullshitting about being a top notch investor.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 13, 2018, 05:40:32 AM
Quote from: gib on January 13, 2018, 01:38:44 AM
Actually you spent hours and hours talking BTC down with factually incorrect statements all of which I proved you wrong on

And lets for a moment also consider who made money (and who missed out on making money) shall we?

I have explained why I sold and have been transparent about it as I said I would be

I will try to respond to other posts later - name calling is really quite pointless and adds little value to your position - but in any case I will now repond with a little poem for you

"Blipity blip blipty blip - Mr A was full of shxt"

Not an argument and you're most likely a liar.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 13, 2018, 05:41:58 AM
Quote from: Twaddle on January 13, 2018, 05:14:59 AM
You numbers do not add up. 

384K account balance
340K profit
= 44K initial investment

44K x 1400% = 616K

If you made a 1400% return, your account should have around 616K in it.   ???

I said many pages ago that something was fishy about this guy.  Contradicting himself all the time.  Things just didn't add up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 13, 2018, 05:45:00 AM
Quote from: gib on January 13, 2018, 12:42:11 AM
Not drunk on any cool aid - I was stating facts all of which were correct and many of which debunked incorrect things you posted

The update every 100 was a nice way at having a little dig at you each time you were further proven wrong with your statements (starting from when you called bitcoin a ponzie scheme back in 2014 then calling the top at 5K then re-calling the top at 13K (I will repost your exact quotes a little later)

There are many ways to confirm I had coins (and that I sold them) - if you actually bought and sold btc you would know that my trezor contains details of the various transactions (amounts and dates etc)

Thank you for the congratulations on the profit I made (albeit conditional on me having told the truth lol) - the actual profit is a little lower as you failed to take into account my buy in price (ie the initial investment capital) but lets call it 340K - still a phenomenal return on a %age basis - around 1400% over the last year compared to your suggests (gold and silver) which produced pretty much a zero return

Imagine if you have put just $1000 into BTC back in 2014 when you poo pooed it calling it a "ponzi scheme"! At that time it was around $400 a coin - you do the maths - imagine if you have bought when you called "the top" and $5000 - an on and on

As for paying tax I have explained to you many times that I don't pay capital gains tax where I live - Please understand that not everyone is foolish enough to live in the US where taxes are imposed on capital gains - again I have addressed this several times in prior posts

Now what does surprise me a little is that no one has asked "what's next"? What' the next "big thing" you are going to do to make money?

....

Your obfuscation tactics are amusing.  It won't work bud.

The fact that you sold it all contradicts this and EVERYTHING else you posted in this thread.  

You're in denial.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 13, 2018, 05:58:15 AM
Quote from: DooM_ on January 13, 2018, 02:15:03 AM
mr anabolic was right all along . . .

Thanks, but my main goal here is to expose pumping fraudsters who promote scams and Ponzi schemes.  Gib appears to be one of those.  

About 80% of Gib's claims has proven to be incorrect and/or outright lies.  If he truly believed any of this nonsense, he wouldn't have sold it.  That is the main point I will continue to hammer home here.  Plus, it gives Gib something to banter on about... he enjoys that - lol

Blipcoins may indeed go higher (due to 'the greater fool principle'), but I am certain the price will fall precipitously at some point.  People are selling their homes to buy it... people are maxing out their credit cards to buy it.  This will not end well.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on January 13, 2018, 06:37:08 AM
Quote from: gib on January 13, 2018, 01:09:51 AM
Lol at using jargon - I hang with many hedge fund dudes and can talk the talk - but it adds little value especially when speaking with people not in the industry - bear in mind I am often typing on the the go and on a mobile device

When you specialize in whatever field you choose to it's actually HARD to not use jargon when you talk about it, even when you talk to people with different backgrounds. You've been talking about how great you are at investing for 70 pages yet I haven't read anything from you that shows experience or knowledge in investing. It's fishy as hell.  

As for "bitcoin increased 1300% this year, so the next year it should increase at least 500%." don't misquote me (or misread me if that's what you did) - try replacing "should" with "could" and you would be more accurate

Like if makes any difference... lol

As for ""Bitcoin will hit 100k soon"; "Bitcoing could hit 1 million at some point". He showed no support for such claims, it was pure speculation." again a partial misquote but as for "support for such claims" I have explained many times that BTC cannot be valued - as such yes its possible that such valuations could be hit in the future

So, because it can't be valued then it's logical to think it could reach 100k or even 1 million? What? ???

As for "He was brainwashed by the claims about how bitcoin will become a global currency, that it was decentralized" well it is a global currency and it is decentralized - no brainwashing- rather established fact.

Decentralized my ass. Early buyers hold 94% of the market cap. And it won't become a global currency since most people don't even know what bitcoin is.

21 million coins max - this is also correct - again established fact

I have only partially "cashed out" - I have kept a coin - "scared" is not the right phrase - more appropriate is that I wanted to lock in my gains and did not want to risk losing from the point I sold at - having said that I have also said I may rebuy in the future

You're a bullshitter. It shines through your posts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 13, 2018, 03:46:38 PM
Quote from: gib on January 13, 2018, 01:09:51 AM
As for ""Bitcoin will hit 100k soon"; "Bitcoing could hit 1 million at some point". He showed no support for such claims, it was pure speculation." again a partial misquote but as for "support for such claims" I have explained many times that BTC cannot be valued - as such yes its possible that such valuations could be hit in the future

As for "He was brainwashed by the claims about how bitcoin will become a global currency, that it was decentralized" well it is a global currency and it is decentralized - no brainwashing- rather established fact

Come on dude, if you are a proper trader you will be smarter than that first comment you made.

Everything can be valued in 2 ways:
a) At a value the market will pay today
b) At a future value the market will pay - Think Enron. Think toxic asset transfer from US banks to the Fed.  Neither price had a real life buyer.

Bitcoin is worth US$14.3k. That's it's value today with around $20B capital.

To hit $100k you need at least $100B.

To hit $1M you need at least $1T.

It's extremely easy to calculate and work out future values on existing capital and future requirements. Even the main spruiker heads gave rough numbers on capital requirements but maybe you did not read those major articles?

Bitcoin today is only good for black market purchases, laundering, purchasing other cryptos, making it a currency for illegal purposes and for exchanges. Outside those markets it is not a global currency or even remotely close to being adopted as one despite that being it's goal in life.


You sold because you know something is wrong but you can't figure out why it's wrong. The answer to that is ironically your investment gains had nothing to do with the things you spoke about in this thread.
a) you purchased BTC at a time when it did not do anything.
b) you sold BTC at a time when it did not do anything.

72 pages of you pushing your rationale of what a currency is yet none of them had anything to do with your 1300% return. All these ideas you had were wrong because none of them happened.

You rode the hype train. Nothing more. If your ego can accept that it will make you better as you will be able to then identify hype returns ontop of any real world objectives.


We are in a hype phase. The promise phase. It's a small market right now. We are nearing the adoption phase which will decide which cryptos live and which cryptos die. Anything that survives will see capital from the dying coins flow into them and boost the price (eg bitcoin flowing to eth). When this settles, the market will receive it's extra capital injection where you get hype round number 2.

Per my previous comment, what if the very first bump in the asset bubble chart is what we are seeing today....Dotcom was $3T 20yrs ago which is probably closer to $10T today given the online world we live in meaning the paltry $550B market cap is nowhere near the peak.

Bitcoin might be dying but it doesn't mean all cryptos are.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 13, 2018, 04:48:13 PM
Quote from: Mayday on January 13, 2018, 03:46:38 PM
Come on dude, if you are a proper trader you will be smarter than that first comment you made.

Everything can be valued in 2 ways:
a) At a value the market will pay today
b) At a future value the market will pay - Think Enron. Think toxic asset transfer from US banks to the Fed.  Neither price had a real life buyer.

Bitcoin is worth US$14.3k. That's it's value today with around $20B capital.

To hit $100k you need at least $100B.

To hit $1M you need at least $1T.

It's extremely easy to calculate and work out future values on existing capital and future requirements. Even the main spruiker heads gave rough numbers on capital requirements but maybe you did not read those major articles?

Bitcoin today is only good for black market purchases, laundering, purchasing other cryptos, making it a currency for illegal purposes and for exchanges. Outside those markets it is not a global currency or even remotely close to being adopted as one despite that being it's goal in life.


You sold because you know something is wrong but you can't figure out why it's wrong. The answer to that is ironically your investment gains had nothing to do with the things you spoke about in this thread.
a) you purchased BTC at a time when it did not do anything.
b) you sold BTC at a time when it did not do anything.

72 pages of you pushing your rationale of what a currency is yet none of them had anything to do with your 1300% return. All these ideas you had were wrong because none of them happened.

You rode the hype train. Nothing more. If your ego can accept that it will make you better as you will be able to then identify hype returns ontop of any real world objectives.


You are just a tad off with your market caps lol. Bitcoin currently has a market cap of around 240 Billion already. (It’s an easy calculation - number of coins times current price).

Thank you for your analysis on what you think btc is good for and also why I sold :) Yes I rode the hype train and even better I got off successfully. Be happy for me and those who did likewise.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on January 13, 2018, 04:55:08 PM
Quote from: Mayday on January 13, 2018, 03:46:38 PM
Come on dude, if you are a proper trader you will be smarter than that first comment you made.

Everything can be valued in 2 ways:
a) At a value the market will pay today
b) At a future value the market will pay - Think Enron. Think toxic asset transfer from US banks to the Fed.  Neither price had a real life buyer.

Bitcoin is worth US$14.3k. That's it's value today with around $20B capital.

To hit $100k you need at least $100B.

To hit $1M you need at least $1T.

It's extremely easy to calculate and work out future values on existing capital and future requirements. Even the main spruiker heads gave rough numbers on capital requirements but maybe you did not read those major articles?

Bitcoin today is only good for black market purchases, laundering, purchasing other cryptos, making it a currency for illegal purposes and for exchanges. Outside those markets it is not a global currency or even remotely close to being adopted as one despite that being it's goal in life.


You sold because you know something is wrong but you can't figure out why it's wrong. The answer to that is ironically your investment gains had nothing to do with the things you spoke about in this thread.
a) you purchased BTC at a time when it did not do anything.
b) you sold BTC at a time when it did not do anything.

72 pages of you pushing your rationale of what a currency is yet none of them had anything to do with your 1300% return. All these ideas you had were wrong because none of them happened.

You rode the hype train. Nothing more. If your ego can accept that it will make you better as you will be able to then identify hype returns ontop of any real world objectives.


We are in a hype phase. The promise phase. It's a small market right now. We are nearing the adoption phase which will decide which cryptos live and which cryptos die. Anything that survives will see capital from the dying coins flow into them and boost the price (eg bitcoin flowing to eth). When this settles, the market will receive it's extra capital injection where you get hype round number 2.

Per my previous comment, what if the very first bump in the asset bubble chart is what we are seeing today....Dotcom was $3T 20yrs ago which is probably closer to $10T today given the online world we live in meaning the paltry $550B market cap is nowhere near the peak.

Bitcoin might be dying but it doesn't mean all cryptos are.

Decent breakdown, cap rate on Bitcoin was way off, it's at 241B as we speak.

I wonder why Buffett is so against these crypto currencies.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: rocket on January 13, 2018, 06:28:12 PM
Currently have an 800w mining rig in my laundry.

Considering it's in an Australian laundry and it's Australian summer, that makes for one toasty laundry ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 13, 2018, 07:29:35 PM
Quote from: OneMoreRep on January 13, 2018, 04:55:08 PM
I wonder why Buffett is so against these crypto currencies.

"1"

It’s because as I have said many times BTC cannot be valued, as they produce no yield. (Same with gold). Which is why as a value investor I really struggled with the concept of buying BTC (see my initial posts explaining this delimma).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 13, 2018, 07:59:57 PM
Hold on.... that wasnt market caps i gave you guys.....

That was Capital requirements..... real cash.... cash needed to be injected into the exchanges in order to hit those prices. This is real investment.

There is 20B in bitcoin now. Real money.  That is my calculation based off JPM data which last showed 6B before the last surge in November/December.

It needs 100B more real money to reach 100k price.

It would need a trillions dollars cash injected to get to 1M.

In other words, those prices are impossible without massive finance market backing it along with hedgefunds.

Therefore when gib and others throw these numbers around the above is the cash environment it requires.

I am in analytics for a living and i do this sort of thing day in day out for a global company. As a general rule, people are optimistic, if they are super excited, they are on planet Mars and all reasoning goes out the window.

 

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 13, 2018, 08:18:31 PM
Quote from: gib on January 13, 2018, 04:48:13 PM

Thank you for your analysis on what you think btc is good for and also why I sold :) Yes I rode the hype train and even better I got off successfully. Be happy for me and those who did likewise.

As my post.above it wasnt market caps i gave but real world cash investment required to hit those claim pricepoints. its a very different thing to market cap.

I commended and applauded yoj already on 3 posts. I feel you missed it and instead chose to take offense at my  input.

It's important to step back and perform a lessons learned..... for you its a matter of saying your investment outcome was 1300%. However your initial rationale and logic on which you based your investment was incorrect.

In fact you sold before bitcoin did any of the things of which your investment was based. Therefore you should reflect on what went wrong back at step 1 when you did your analysis that drove you to invest. The answers are in this thread to help you learn and adapt next time. The next time you pick something it could go horribly wrong.

the reason nobody has asked you what you will invest in next is because you havent been right about anything for the RIGHT reasons.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 13, 2018, 09:53:32 PM
Quote from: Mayday on January 13, 2018, 08:18:31 PM
As my post.above it wasnt market caps i gave but real world cash investment required to hit those claim pricepoints. its a very different thing to market cap.

I commended and applauded yoj already on 3 posts. I feel you missed it and instead chose to take offense at my  input.

It's important to step back and perform a lessons learned..... for you its a matter of saying your investment outcome was 1300%. However your initial rationale and logic on which you based your investment was incorrect.

In fact you sold before bitcoin did any of the things of which your investment was based. Therefore you should reflect on what went wrong back at step 1 when you did your analysis that drove you to invest. The answers are in this thread to help you learn and adapt next time. The next time you pick something it could go horribly wrong.

the reason nobody has asked you what you will invest in next is because you havent been right about anything for the RIGHT reasons.

Thanks - no offence taken at all

I explained at the time BTC cannot be valued - hence I invested based on what I perceived would be a rising trend into BTC - its something as a value investor that I rarely do but I did it on this occasion and did well and I took some nice gains - this does not mean BTC could not go a lot higher (even Mr A has now hedged his view and agrees with this - a breakthrough (or maybe just a face saving technique lest be be embarrased yet again from calling yet another number as "the top"

Next time I pick based on what I foresee a trend I hope I will be right - but normally I invest based on a calculation of value

Yes any investment can go horribly wrong - key is to make the right investments more often than the wrong one - as a value investor that's relatively easy to do
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 14, 2018, 07:59:50 AM
Quote from: gib on January 13, 2018, 09:53:32 PM
Thanks - no offence taken at all

I explained at the time BTC cannot be valued - hence I invested based on what I perceived would be a rising trend into BTC - its something as a value investor that I rarely do but I did it on this occasion and did well and I took some nice gains - this does not mean BTC could not go a lot higher (even Mr A has now hedged his view and agrees with this - a breakthrough (or maybe just a face saving technique lest be be embarrased yet again from calling yet another number as "the top"

Next time I pick based on what I foresee a trend I hope I will be right - but normally I invest based on a calculation of value

Yes any investment can go horribly wrong - key is to make the right investments more often than the wrong one - as a value investor that's relatively easy to do

Weak... very weak.  That's all you got?

Many pages ago I said blipcoins were played out.  Blips will go up and down, but it is range bound and will not make new highs.  

Your math doesn't add up.  You probably did not make the amount you claim to.  Maybe your 20 blipcoins only existed in your mind.  Until you put up a screen shot of your 384K profit as proof, your claims (and everything you posted here) are bullshit and mean absolutely nothing.  

You are a disingenuous POS.  Anyone with an IQ above 90 who wants to spend a few hours re-reading this thread will realize this.  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 14, 2018, 08:58:18 AM
1 Bitcoin equals
13328.10 US Dollar

Seems like bitcoin capped out between 17-18K and has been on a decline since.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on January 14, 2018, 09:30:34 AM
bitcoins will forever read 'blipcoins' in my mind thanks to this thread.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 14, 2018, 09:37:05 AM
Quote from: SF1900 on January 14, 2018, 08:58:18 AM
1 Bitcoin equals
13328.10 US Dollar

Seems like bitcoin capped out between 17-18K and has been on a decline since.

Yes, like I said 15 pages ago.  

Will be fun to watch John McAfee eat his dick once 2020 hits.  Chopped onions, mustard and relish should help him choke it down.  https://twitter.com/officialmcafee/status/935900326007328768 (https://twitter.com/officialmcafee/status/935900326007328768)

Regarding any investment... when people start speaking in absolutes and/or making outrageous predictions on price, you know it's a bubble and probably close to topping/popping.  You need to sell, and in most cases RUN the opposite way.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 14, 2018, 07:52:15 PM
Quote from: Mr Anabolic on January 14, 2018, 09:37:05 AM
Yes, like I said 15 pages ago.  

Will be fun to watch John McAfee eat his dick once 2020 hits.  Chopped onions, mustard and relish should help him choke it down.  https://twitter.com/officialmcafee/status/935900326007328768 (https://twitter.com/officialmcafee/status/935900326007328768)

Regarding any investment... when people start speaking in absolutes and/or making outrageous predictions on price, you know it's a bubble and probably close to topping/popping.  You need to sell, and in most cases RUN the opposite way.

The problem is too many conflicting narratives given the amount of information on the web.

Everyone has an opinion. Almost impossible to know who to trust.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Agnostic007 on January 14, 2018, 10:19:30 PM
Was thinking... certainly GIB has a screen shot of data that would put to rest any doubt on if it's legit or not. Redact any personal info...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on January 14, 2018, 10:25:42 PM
Quote from: Agnostic007 on January 14, 2018, 10:19:30 PM
Was thinking...

how did it feel
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 14, 2018, 10:39:08 PM
Quote from: Mr Anabolic on January 14, 2018, 09:37:05 AM
Will be fun to watch John McAfee eat his dick once 2020 hits.  Chopped onions, mustard and relish should help him choke it down.  https://twitter.com/officialmcafee/status/935900326007328768 (https://twitter.com/officialmcafee/status/935900326007328768)

Regarding any investment... when people start speaking in absolutes and/or making outrageous predictions on price, you know it's a bubble and probably close to topping/popping.  You need to sell, and in most cases RUN the opposite way.

That documentary about McAfee was pretty interesting. He ended up holding the lady doing the documentary captive but she escaped.

The interesting part contained in the messages that were posted about his pump and dump was he always wanted payment in Ethereum. Sure, the guy might be a nut, but a nut with hundreds of millions of dollars generally knows more about things than us peasants.


As far as a crash it looks more like a re-organisation amongst coins from the existing capital pool.

With BTC coming down, on my numbers i estimate something like a $5B selloff happening from my previous estimate of $20B cash investment in BTC which supported that crazy market cap of 300B or whatever it hit.

At the exact same time you have Ethereum volume and price doubling which on my numbers called for around $6B but it could be closer to $4B-$5B as people hold when the price goes up so it requires less input to get to a higher price.  It wouldn't surprise me if Ethereum had almost the same net cash inflow as Bitcoin today.

Numbers wise it seems cash from BTC moving to Eth and some others. The rise in ETH cannot be ignored because it required billions to happen and it just so happens that BTC lost billions at exactly the same time...... Yes, BTC is coming down and will be death by a thousand paper cuts but the crypto market isn't over because that cash has flowed onto other cryptos keeping the cash pool more or less the same as before.

We could see the coming months plays out like the below.
Take another $5B out from BTC and move it over to ETH. BTC drops to sub $10k and ETH goes to $2k. If ETH starts to bubble from people holding on then it might go to $2.5k.
Lets take another $5B out from BTC and move it over to ETH. BTC drops to $5k and ETH goes to $2.8k but it could go to $3.5k-$4k if there is an additional bubble.


Now, to get ETH above that requires additional cash capital from the finance sector which isn't happening right now. So i can't see ETH going higher than my numbers above without that happening.  I felt that ETH could go to $10k but that was under the assumption that additional financial cash injection happened. That's a big assumption right now.


What this does mean is BTC bleeding cash like a madman provides cash capital to be put into other coins (just like ETH as outlined above). There will be pump and dumps, coin death but a few that are under the radar which have massive backing have the potential to rise to a top 10 coin and provide a massive gain.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 14, 2018, 11:54:24 PM
And now ... its with great relish that I compile the following highlights of ultimate self-owning, from our resident blipcoin angry man, Mr Anabolic. Enjoy... :)

November 13, 2013, 05:11:42 PM -Bitcoin price $401
Quote from: Mr Anabolic on November 13, 2013, 05:11:42 PM

It's a scam, a fad, a bubble, a trading vehicle.  Might as well buy some penny stocks... at least they trade on a legit exchange.

Would not be surprised if bitcon was created by TPTB to trick as many as possible into accepting an electronic fiat currency... 100% trackable and controllable.  Don't believe all the encryption security nonsense.

Look at a daily bitcoin chart... totally parabolic.  The next crash will be glorious.  

He tried again on March 17, 2014, 02:13:27 PM - Bitcoin price $589

Quote from: Mr Anabolic on March 17, 2014, 03:13:27 PM
Bitcoin is so 2013.

The bitcoin bubble has popped.

It's over.

And again ... September 04, 2017, 07:26:09 AM - Bitcoin price $4319

Quote from: Mr Anabolic on September 04, 2017, 08:26:09 AM

Me thinks $5000 was THE top.  Let's see if I'm right.

And again ...November 10, 2017, 04:10:43 AM - Bitcoin price - $6570

Quote from: Mr Anabolic on November 10, 2017, 04:10:43 AM
You are fantasizing.

As I mentioned earlier in this thread... when the avalanche of sell orders come in and everyone is looking for an exit at the same time... they not be able to sell and most will get their faces ripped off.   You'll be saying to yourself: "Why the fuck didn't I sell at $7800?"

And again ... November 19, 2017, 11:22:58 AM - Bitcoin Price $8033

Quote from: Mr Anabolic on November 19, 2017, 11:22:58 AM
Banksters will be able to naked short bitcoins and drive the price down like they do with precious metals.

Gonna be interesting when it collapses $1000's in a few minutes and you didn't even take profits on one.  You'll disappear... never to post in this thread again.

And nope, I didn't disappear, nor did I not take profits ...January 11, 2018, 06:35:31 PM - Bitcoin Price $14,681

Quote from: gib on January 11, 2018, 06:35:31 PM
Guys a little update (and as I said, I would post here, and say when I sold, whether it was at a profit or loss).

I am now almost entirely out of BTC, having sold off over the last few days at between 13500-16500. I now have 384K USD in the account I use for my BTC.

Its a pretty awesome feeling when you start, over a day to see the account balance grow as you see - $18,000, $24,000, $38,000 etc ending up to $384000 which is what I now have. (Also sold the BCC I had which was very nice considering I got it for "free").


Anyone who would have done exactly the opposite of what Mr A had recommended at the time of any of the above quotes would have profited very very handsomely (and I know from the PM's I have received that many of you did!).

... Oh and - Blippy blip blippty blip - Mr A you're full of shit :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 15, 2018, 01:53:26 AM
Quote from: gib on January 14, 2018, 11:54:24 PM
And now ... its with great relish that I compile the following highlights of ultimate self-owning, from our resident blipcoin angry man, Mr Anabolic. Enjoy... :)

November 13, 2013, 05:11:42 PM -Bitcoin price $401
He tried again on March 17, 2014, 02:13:27 PM - Bitcoin price $589

And again ... September 04, 2017, 07:26:09 AM - Bitcoin price $4319

And again ...November 10, 2017, 04:10:43 AM - Bitcoin price - $6570

And again ... November 19, 2017, 11:22:58 AM - Bitcoin Price $8033

And nope, I didn't disappear, nor did I not take profits ...January 11, 2018, 06:35:31 PM - Bitcoin Price $14,681

Anyone who would have done exactly the opposite of what Mr A had recommended at the time of any of the above quotes would have profited very very handsomely (and I know from the PM's I have received that many of you did!).

... Oh and - Blippy blip blippty blip - Mr A you're full of shit :)

Ouch, I’m a fan of Mr. anabolic but even I must admit that is some solid ownage
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on January 15, 2018, 04:24:24 AM
I think some more of an "old school" guys just does not get it fully, yet. I would say stating that bitcoin somehow "failed" would be a huge mistake, to say the least. At the wildest predictions everyone thought it will "reach 10k" by the end of 2017. It went far, far beyond that and stabilised at about 13-14k currently, which is damn impressive if you ask me. Now this is not what I wanted to say by "does not get ir fully", what I meant was that aside the "easy money" crowd, the speculative value, that exists, no doubt, there is another crowd (which I'm part of) that use bitcoin daily for bussiness. I am not going into the details too much, but lets say that btc allowed me to increase the efficiency of my bussiness by five fold, at the very least. And no, I'm not selling drugs on the dark web. Personally I am glad the price stopped rising, because while it was nice to watch the price going up, all that complicated doing bussiness somewhat, due to that high volatility. It's pretty much close to perfect now, as price does not fluctuate too much and if you are dealing in thousands - it's good eough.
 One example: I had to transfer a few thousands overseas and person who was a receiver was not using btc, so the only other fast (and it had to be fast) option was western union. Guess what, I had to waste my time to go to the wu office, answer some stupid questions AND pay an unnaceptable transfer fee in addition to the fact that they used not the best exchange course (it was another currency that had to reach the receiver). This is not all: receiver lives in a place where it was holidays during that time and no bank, no WU office worked for three more days (we realized that post factum), here you go "fast" down the shithole... Even if office would've been open, it still takes about FOUR hours for the money to reach a destinaton.

Needless to say I would have been able to make that payment in half an hour (at most) sitting comfortably in front of my pc, not answering any ridiculous questions and generally - not being traced ny any kind of "third party". If that does not create a pure VALUE for bitcoin than I don't know what to say to these people who say it's inherently worthless. You just don't get it. But you will, it's here to stay. It can go down to 2k, I personally don't give a damn, if it allows me to transfer wealth the way it does - it's all I need.

Oh, and regarding "pseudonimity", taxes, etc... It is very, very possible to stay completely anonymous and not taxed, if you know what are you doing. It is very possible to cash out EASILY also. Just my three cents on the topic. Good luck everyone.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 15, 2018, 04:44:47 AM
Quote from: gib on January 14, 2018, 11:54:24 PM
And now ... its with great relish that I compile the following highlights of ultimate self-owning, from our resident blipcoin angry man, Mr Anabolic. Enjoy... :)

November 13, 2013, 05:11:42 PM -Bitcoin price $401
He tried again on March 17, 2014, 02:13:27 PM - Bitcoin price $589

And again ... September 04, 2017, 07:26:09 AM - Bitcoin price $4319

And again ...November 10, 2017, 04:10:43 AM - Bitcoin price - $6570

And again ... November 19, 2017, 11:22:58 AM - Bitcoin Price $8033

And nope, I didn't disappear, nor did I not take profits ...January 11, 2018, 06:35:31 PM - Bitcoin Price $14,681

Anyone who would have done exactly the opposite of what Mr A had recommended at the time of any of the above quotes would have profited very very handsomely (and I know from the PM's I have received that many of you did!).

... Oh and - Blippy blip blippty blip - Mr A you're full of shit :)




I'm really getting to you aren't I ... I'm in your head now.  lol


You're the one who was pumping blipcoins claiming it was going to 100K and 1 million per blip... you were way, way off.  70 pages worth of total bullshit and nonsense.  You did not even believe your own posts... you owned yourself.  Post a screen shot of your account with the $384K in profit.  Like someone pointed out, your math doesn't add up.  You may have owned/sold some blips, but you didn't make $384K... no proof.  As I've stated many times already... a disingenuous piece of shit you are.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 15, 2018, 05:04:44 AM
Quote from: Agnostic007 on January 14, 2018, 10:19:30 PM
Was thinking... certainly GIB has a screen shot of data that would put to rest any doubt on if it's legit or not. Redact any personal info...

I'd if he did post a screen shot of that and it was authentic, I would definitely apologize and congratulate him.  However, he won't do that because he's lying about a good portion of it.

I've been on many trading and stock market forums since 1999.  Members would routinely post screen shots with private info redacted to prove their claims (especially during the dot.com bubble period).  No screen shot... no proof.  Claims and bragging mean nothing. 

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 15, 2018, 05:10:02 AM
Quote from: polychronopolous on January 15, 2018, 01:53:26 AM
Ouch, I’m a fan of Mr. anabolic but even I must admit that is some solid ownage

Gib needs to PROVE himself and post screen shots of his 384K profit. 

Until he does that, he's owned no one... except himself. 

1 million per blip? - lol 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on January 15, 2018, 05:18:31 AM
Quote from: Mr Anabolic on January 15, 2018, 05:10:02 AM

1 million per blip? - lol 


It may very well go to that price some time in the future. My prediction is that we will see a next price jump when some third world country falls apart (like Venesuela) and the demand for btc increases overnight, for people to save their wealth.
 I'd prefer btc to stay at this price indefinitely, it enables me doing bussiness so much more easily, I don't care much about "gains" from a price increase. You have to understand that there exists a very real use of it, aside the trading/HODL'ing. It may not be usable for you, you may not even imagine the ways of using it to your advantage, but be assured - there IS a demand for it and it will continue to exist and increase over time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 15, 2018, 05:27:40 AM
Quote from: Zero2Hero on January 15, 2018, 05:18:31 AM

It may very well go to that price some time in the future. My prediction is that we will see a next price jump when some third world country falls apart (like Venesuela) and the demand for btc increases overnight, for people to save their wealth.
 I'd prefer btc to stay at this price indefinitely, it enables me doing bussiness so much more easily, I don't care much about "gains" from a price increase. You have to understand that there exists a very real use of it, aside the trading/HODL'ing. It may not be usable for you, you may not even imagine the ways of using it to your advantage, but be assured - there IS a demand for it and it will continue to exist and increase over time.


Blipcoin was just the experiment.  Blockchain technology was invented by TPTB.  They want total digital control over everyone.  Control the means of exchange and you control EVERYONE.  Soon physical cash will not exist, that means no more anonymity.  That's not something you or anyone else should wish for.  Think about it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 15, 2018, 06:13:21 AM
Quote from: Zero2Hero on January 15, 2018, 04:24:24 AM
I think some more of an "old school" guys just does not get it fully, yet. I would say stating that bitcoin somehow "failed" would be a huge mistake, to say the least. At the wildest predictions everyone thought it will "reach 10k" by the end of 2017. It went far, far beyond that and stabilised at about 13-14k currently, which is damn impressive if you ask me. Now this is not what I wanted to say by "does not get ir fully", what I meant was that aside the "easy money" crowd, the speculative value, that exists, no doubt, there is another crowd (which I'm part of) that use bitcoin daily for bussiness. I am not going into the details too much, but lets say that btc allowed me to increase the efficiency of my bussiness by five fold, at the very least. And no, I'm not selling drugs on the dark web. Personally I am glad the price stopped rising, because while it was nice to watch the price going up, all that complicated doing bussiness somewhat, due to that high volatility. It's pretty much close to perfect now, as price does not fluctuate too much and if you are dealing in thousands - it's good eough.
 One example: I had to transfer a few thousands overseas and person who was a receiver was not using btc, so the only other fast (and it had to be fast) option was western union. Guess what, I had to waste my time to go to the wu office, answer some stupid questions AND pay an unnaceptable transfer fee in addition to the fact that they used not the best exchange course (it was another currency that had to reach the receiver). This is not all: receiver lives in a place where it was holidays during that time and no bank, no WU office worked for three more days (we realized that post factum), here you go "fast" down the shithole... Even if office would've been open, it still takes about FOUR hours for the money to reach a destinaton.

Needless to say I would have been able to make that payment in half an hour (at most) sitting comfortably in front of my pc, not answering any ridiculous questions and generally - not being traced ny any kind of "third party". If that does not create a pure VALUE for bitcoin than I don't know what to say to these people who say it's inherently worthless. You just don't get it. But you will, it's here to stay. It can go down to 2k, I personally don't give a damn, if it allows me to transfer wealth the way it does - it's all I need.

Oh, and regarding "pseudonimity", taxes, etc... It is very, very possible to stay completely anonymous and not taxed, if you know what are you doing. It is very possible to cash out EASILY also. Just my three cents on the topic. Good luck everyone.

Well said. Agree 100%. Someone who “gets it”.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 15, 2018, 06:15:34 AM
Quote from: Zero2Hero on January 15, 2018, 05:18:31 AM

It may very well go to that price some time in the future. My prediction is that we will see a next price jump when some third world country falls apart (like Venesuela) and the demand for btc increases overnight, for people to save their wealth.
 I'd prefer btc to stay at this price indefinitely, it enables me doing bussiness so much more easily, I don't care much about "gains" from a price increase. You have to understand that there exists a very real use of it, aside the trading/HODL'ing. It may not be usable for you, you may not even imagine the ways of using it to your advantage, but be assured - there IS a demand for it and it will continue to exist and increase over time.

Agree 100% - and yes, those who hodl may well be rewarded.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 15, 2018, 06:21:15 AM
Quote from: polychronopolous on January 15, 2018, 01:53:26 AM
Ouch, I’m a fan of Mr. anabolic but even I must admit that is some solid ownage

Thank you. Yes a very nice self owning of Mr A indeed!

My one kind of regret is that i did not hold until I was a full-blown crypto millionaire instead of getting to around 1/3 of the way there. That would have been the icing on the cake of his self ownage. But still I’ll take my gains and am very happy with them.

Oh if only Mr Anabolic (and me for that matter) has listened to Getbig’s idiot/savant Vincent Goodrim back in 2013...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on January 15, 2018, 06:39:44 AM
Quote from: gib on January 14, 2018, 11:54:24 PM
And now ... its with great relish that I compile the following highlights of ultimate self-owning, from our resident blipcoin angry man, Mr Anabolic. Enjoy... :)

November 13, 2013, 05:11:42 PM -Bitcoin price $401
He tried again on March 17, 2014, 02:13:27 PM - Bitcoin price $589

And again ... September 04, 2017, 07:26:09 AM - Bitcoin price $4319

And again ...November 10, 2017, 04:10:43 AM - Bitcoin price - $6570

And again ... November 19, 2017, 11:22:58 AM - Bitcoin Price $8033

And nope, I didn't disappear, nor did I not take profits ...January 11, 2018, 06:35:31 PM - Bitcoin Price $14,681

Anyone who would have done exactly the opposite of what Mr A had recommended at the time of any of the above quotes would have profited very very handsomely (and I know from the PM's I have received that many of you did!).

... Oh and - Blippy blip blippty blip - Mr A you're full of shit :)

Hahahaha what an idiot.  ;D

His predictions were far off by $85,000 and $985,000... oh wait, wasn't that you?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on January 15, 2018, 07:18:07 AM
Mr Gib, how many bitcoins did you ultimately sell?  Did you hold on to any?  I have a coworker who is very involved in cryptos, and he told me yesterday that he is thinking of selling off 95% of everything he has, and holding onto 5%. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on January 15, 2018, 07:22:44 AM
Quote from: Mr Anabolic on January 15, 2018, 05:27:40 AM

Blipcoin was just the experiment.  Blockchain technology was invented by TPTB.  They want total digital control over everyone.  Control the means of exchange and you control EVERYONE.  Soon physical cash will not exist, that means no more anonymity.  That's not something you or anyone else should wish for.  Think about it.

Blockchain technology actually is what enables annonimity, so it would make no sense to create something like that on purpose, by government. The goal to restrict cash usage by public is real, you are right, but they expected to do that by forcing everyone to use their credit/debit card/online bank account/etc. But then btc was created and all these plans suddenly became very shaky. It is possible to stay pretty much fully annonymous while using BTC if you want it, but if that is not enough for some reason or you want to put less effort, there are coins like Monero, which are bullet proof, regarding staying under the radars.
 Decentralised exchanges, when  developed fully,will make all this even better. If government created it, well, they made a mistake somewhere in their calculations, because what was impossible just like five years ago, is possible now, and they can not do anything about it, I know it first hand, it has been a blessing for me and many more. Speculations is one side of a coin, an actual use is another.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 15, 2018, 07:29:08 AM
Quote from: Twaddle on January 15, 2018, 07:18:07 AM
Mr Gib, how many bitcoins did you ultimately sell?  Did you hold on to any?  I have a coworker who is very involved in cryptos, and he told me yesterday that he is thinking of selling off 95% of everything he has, and holding onto 5%. 

Held onto 1 btc and a few bits and pieces - basically a touch over 1. Will keep that so I can still legitimately gloat about any new highs but also as a hedge against what my happen in the future not to mention an easy access to cash if emergency and travelling.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 15, 2018, 07:35:55 AM
Quote from: Zero2Hero on January 15, 2018, 07:22:44 AM
Blockchain technology actually is what enables annonimity, so it would make no sense to create something like that on purpose, by government. The goal to restrict cash usage by public is real, you are right, but they expected to do that by forcing everyone to use their credit/debit card/online bank account/etc. But then btc was created and all these plans suddenly became very shaky. It is possible to stay pretty much fully annonymous while using BTC if you want it, but if that is not enough for some reason or you want to put less effort, there are coins like Monero, which are bullet proof, regarding staying under the radars.
 Decentralised exchanges, when  developed fully,will make all this even better. If government created it, well, they made a mistake somewhere in their calculations, because what was impossible just like five years ago, is possible now, and they can not do anything about it, I know it first hand, it has been a blessing for me and many more. Speculations is one side of a coin, an actual use is another.

Don't all exchanges ask for a picture ID, SS# and other private info to open an account?  That's not anonymous.

There is no escaping big brother.  Governments can do anything and enact any law it wants to.  They can ban all cryptos outright, or ban transfers of cash from crypto exchanges into bank accounts.  If they don't want you to use something, you won't.   Once "Fedcoin" is mandated by law, all other cryptos will most likely be deemed illegal.  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 15, 2018, 07:38:55 AM
Quote from: gib on January 15, 2018, 06:21:15 AM
Thank you. Yes a very nice self owning of Mr A indeed!

My one kind of regret is that i did not hold until I was a full-blown crypto millionaire instead of getting to around 1/3 of the way there. That would have been the icing on the cake of his self ownage. But still I’ll take my gains and am very happy with them.

Oh if only Mr Anabolic (and me for that matter) has listened to Getbig’s idiot/savant Vincent Goodrim back in 2013...


Screen shot bud.  Until then whatever you post here is meaningless. 

Put up or shut up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 15, 2018, 07:39:39 AM
Quote from: Mr Anabolic on January 15, 2018, 07:35:55 AM
Don't all exchanges ask for a picture ID, SS# and other private info to open an account?  That's not anonymous.

There is no escaping big brother.  Governments can do anything and enact any law it wants to.  They can ban all cryptos outright, or ban transfers of cash from crypto exchanges into bank accounts.  If they don't want you to use something, you won't.   Once "Fedcoin" is mandated by law, all other cryptos will most likely be deemed illegal.  

You have no idea Mr A. Hundreds of thousands of people trade p2p every day. No exchanges needed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 15, 2018, 07:41:24 AM
Quote from: Mr Anabolic on January 15, 2018, 07:38:55 AM

Screen shot bud.  Until then whatever you post here is meaningless. 

Put up or shut up.

Screen shot can be faked bud. Forget about your obsession with my wealth and stick to the discussion would be more helpful for all.

Blippity blip ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: sculpture on January 15, 2018, 07:54:57 AM
Quote from: gib on January 15, 2018, 07:41:24 AM
Screen shot can be faked bud. Forget about your obsession with my wealth and stick to the discussion would be more helpful for all.

Blippity blip ...

What's stopping you posting a screen shot?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 15, 2018, 08:12:36 AM
Quote from: gib on January 15, 2018, 07:41:24 AM
Screen shot can be faked bud. Forget about your obsession with my wealth and stick to the discussion would be more helpful for all.

Blippity blip ...

Weak.  You don't have any real wealth, just a gum flapping fantasy.

Put up or shut up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 15, 2018, 08:13:52 AM
Quote from: gib on January 15, 2018, 07:39:39 AM
You have no idea Mr A. Hundreds of thousands of people trade p2p every day. No exchanges needed.

There is a ledger... it's NOT anonymous. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on January 15, 2018, 08:19:09 AM
Quote from: Mr Anabolic on January 15, 2018, 07:35:55 AM
Don't all exchanges ask for a picture ID, SS# and other private info to open an account?  That's not anonymous.

There is no escaping big brother.  Governments can do anything and enact any law it wants to.  They can ban all cryptos outright, or ban transfers of cash from crypto exchanges into bank accounts.  If they don't want you to use something, you won't.   Once "Fedcoin" is mandated by law, all other cryptos will most likely be deemed illegal.  

I've exchanged thousands p2p, no exchange needed. Some through exchanges, they were taxed, but not an issue also, keeping in mind all other upsides. And decentralised exchanges will enable doing the same without even meeting and no ID's, nothing. Just read on the technology, you have quite a wrong idea of how all this works.
 And no, government can NOT ban anything in this case, unless they ban internet, that's the whole idea. There is nothing to ban to begin with, you can ban even internet, and it'd be possible to transfer wealth in that way using a phone text message still (at the wors case scenario) if really needed. As long as PEOPLE will consider it having a value, it will have a value, no matter the "official" stance of a government. You can ban gold, but you will hardly stop people from trading it for goods/currency/etc, it is tenfold more difficult with crypto.
 With anonymity oriented cryptos, there is inherently no way to track anything at all, but bitcoin can be anonymus if you want to, no doubt about that.
 This is a new era, new kind of wealth, a way of transferring it and it is here to stay.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on January 15, 2018, 08:19:33 AM
Quote from: gib on January 15, 2018, 07:29:08 AM
Held onto 1 btc and a few bits and pieces - basically a touch over 1. Will keep that so I can still legitimately gloat about any new highs but also as a hedge against what my happen in the future not to mention an easy access to cash if emergency and travelling.

Thanks, but you didn't answer the first part of my question.  How many did you sell?   ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: JAGO on January 15, 2018, 08:20:11 AM
Quote from: Mr Anabolic on January 15, 2018, 08:13:52 AM
There is a ledger... it's NOT anonymous. 

Why do you care so much? Why is this dick in this thread?

J
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dave D on January 15, 2018, 08:37:43 AM
Quote from: JAGO on January 15, 2018, 08:20:11 AM
Why do you care so much? Why is this dick in this thread?

J

Bro this thread started with Gib telling us to buy in on bitcoins before they hit 100k.

Gib sold his before they got within sniffing distance of that number.

It's great Gib made so much money, he was shrewd on his dealings, but he keeps talking about bitcoins being the future yet he completely  sold on them when they recovered from the market dip (apparently he's bought/held on to one).

That said his postings here come across as fraudulent as gh15. His whole mantra was buy and hold for long term investment yet he got out of the game 4 months after his first post.  :/

Mr. Anabolic called him out on pushing bitcoin as a logical investment for everyone.

Again kudos for Gib on cashing out, but based on his postings he left a tremendous amount of money on the table, and that counters everything he's said.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 15, 2018, 08:56:13 AM
Quote from: Mr Anabolic on January 15, 2018, 05:10:02 AM
Gib needs to PROVE himself and post screen shots of his 384K profit. 

Until he does that, he's owned no one... except himself. 

1 million per blip? - lol 

I would say that’s a fair enough request.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tres_taco_combo on January 15, 2018, 09:46:56 AM
ripple continues to fall back down to the ground - dang
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Agnostic007 on January 15, 2018, 09:56:30 AM
Quote from: Zillotch on January 14, 2018, 10:25:42 PM
how did it feel

couldn't say, was completely blitzed
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on January 15, 2018, 10:17:57 AM
Quote from: Agnostic007 on January 15, 2018, 09:56:30 AM
couldn't say, was completely blitzed

haha, me too

and agree, blipcoin is the opposite of anonymous, lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 15, 2018, 01:10:53 PM
Quote from: JAGO on January 15, 2018, 08:20:11 AM
Why do you care so much? Why is this dick in this thread?
J

So let me get this straight... I am a dick because I say blipcoin is a Ponzi bubble mania, with no fundamentals, no intrinsic value whatsoever and had a parabolic rise based on the greater fool principle?

I call things how I see them.  I don't want people here to get their face ripped off buying into the biggest maniacal Ponzi bubble in history.  

Why are you so threatened by me?  

Buy some silver and be patient.  That's free advice.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 15, 2018, 01:15:08 PM
Quote from: Zero2Hero on January 15, 2018, 08:19:09 AM
I've exchanged thousands p2p, no exchange needed. Some through exchanges, they were taxed, but not an issue also, keeping in mind all other upsides. And decentralised exchanges will enable doing the same without even meeting and no ID's, nothing. Just read on the technology, you have quite a wrong idea of how all this works.
 And no, government can NOT ban anything in this case, unless they ban internet, that's the whole idea. There is nothing to ban to begin with, you can ban even internet, and it'd be possible to transfer wealth in that way using a phone text message still (at the wors case scenario) if really needed. As long as PEOPLE will consider it having a value, it will have a value, no matter the "official" stance of a government. You can ban gold, but you will hardly stop people from trading it for goods/currency/etc, it is tenfold more difficult with crypto.
 With anonymity oriented cryptos, there is inherently no way to track anything at all, but bitcoin can be anonymus if you want to, no doubt about that.
 This is a new era, new kind of wealth, a way of transferring it and it is here to stay.

Okay.  Good luck bro.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Ted SuperSet on January 15, 2018, 01:15:23 PM
I wonder if this cryptocurrency is going to die or really take off as a way of payment in the future.
On what mainstraim places can I pay with crypto's at the moment?
Bitcoin mining uses so much energy it is crazy, so it will be stopped because of environment, no?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on January 15, 2018, 01:57:15 PM
Quote from: Ted SuperSet on January 15, 2018, 01:15:23 PM
I wonder if this cryptocurrency is going to die or really take off as a way of payment in the future.
On what mainstraim places can I pay with crypto's at the moment?
Bitcoin mining uses so much energy it is crazy, so it will be stopped because of environment, no?

It is def a revolution, if you try using it a few times, you just can't forget how convenient, easy, fast and liberating it feels, it really does. As someone who uses it pretty much daily I don't even have a question whether it will take off, it already has done that, now it only needs to spread, over time. Regarding paying in crypto, well at least where I am from, I've seen people selling cars and houses for bitcoin, that's pretty neat I must say, given it's a pretty early and shaky stages of adoption.
 Bitcoin mining will continue for as long, as it is profitable for the miners.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 15, 2018, 02:31:26 PM
Quote from: Zero2Hero on January 15, 2018, 01:57:15 PM
It is def a revolution, if you try using it a few times, you just can't forget how convenient, easy, fast and liberating it feels, it really does. As someone who uses it pretty much daily I don't even have a question whether it will take off, it already has done that, now it only needs to spread, over time. Regarding paying in crypto, well at least where I am from, I've seen people selling cars and houses for bitcoin, that's pretty neat I must say, given it's a pretty early and shaky stages of adoption.
 Bitcoin mining will continue for as long, as it is profitable for the miners.


Hi Satoshi Nakamoto.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 15, 2018, 02:44:52 PM
Quote from: Zero2Hero on January 15, 2018, 08:19:09 AM
I've exchanged thousands p2p, no exchange needed. Some through exchanges, they were taxed, but not an issue also, keeping in mind all other upsides. And decentralised exchanges will enable doing the same without even meeting and no ID's, nothing. Just read on the technology, you have quite a wrong idea of how all this works.
 And no, government can NOT ban anything in this case, unless they ban internet, that's the whole idea. There is nothing to ban to begin with, you can ban even internet, and it'd be possible to transfer wealth in that way using a phone text message still (at the wors case scenario) if really needed. As long as PEOPLE will consider it having a value, it will have a value, no matter the "official" stance of a government. You can ban gold, but you will hardly stop people from trading it for goods/currency/etc, it is tenfold more difficult with crypto.
 With anonymity oriented cryptos, there is inherently no way to track anything at all, but bitcoin can be anonymus if you want to, no doubt about that.
 This is a new era, new kind of wealth, a way of transferring it and it is here to stay.

I’ve tried and tried to explain this to Mr A. He’s simply blind to this reality.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 15, 2018, 02:50:49 PM
Big whoop if someone uses it for business. It's slower and shitty which means you have other drives for using it --> You are either trading illegally. Avoiding tax for yourself or the person at the other end. Trading with black money out of the system and needs to remain there. Stolen goods. Hiding money from family etc.  It was invented for that purpose.

Someone sells a house for bitcoin - EVERYBODY IS SELLING HOUSES FOR BITCOIN
Sell a house for 10k bitcoins - contracts reviewed, building inspections done, deposit paid, cooling off period..... oh but it dropped 20% during that time.....  it's laughable for anybody to suggest those kinds of transfer are better than money which is stable in the domestic markets. Nobody wants to sell using a volatile currency, that's why so many use USD.....


The statements being made now on here are pure empty comments because they no longer match up with the actions taken by individuals.

If people believed in the things they said they would still be holding BTC but instead the fear of being wrong (and as i explained previously none of the shit spouted to be happening has actually happened....) so there is a pretty good fucking reason to be scared LOL.

It's akin to telling people 'go jump off that cliff and yell out 'GOLD' and you will land safely in a pool of gold..... but i'll just sit over here in the corner as i did it last week when nobody was watching so i'm pretty comfortable and my back hurts a little from all that gold i landed in'......


I am holding my 2 cryptos despite them going down. I thought previously at year end in the market confusion i should sell and buy lower and get in a better position but ultimately it turned around so quick i would have been better to have stayed in.  So i took a learning from that volatility and this time i am holding throughout the changes. I still firmly believe there will be a massive spike again before we see the ultimate crash happen.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 15, 2018, 02:52:45 PM
Quote from: gib on January 15, 2018, 02:44:52 PM
I’ve tried and tried to explain this to Mr A. He’s simply blind to this reality.

It's a fake account that is typing some really dumb stuff.

Don't lower yourself by associating yourself with that account otherwise it reduces your own credibility further.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 15, 2018, 02:55:50 PM
That was the quote from Buffett concerning bitcoin... “at the end of the day it’s still dollars on both ends”
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: JAGO on January 15, 2018, 03:00:10 PM
Quote from: Mr Anabolic on January 15, 2018, 01:10:53 PM
So let me get this straight... I am a dick because I say blipcoin is a Ponzi bubble mania, with no fundamentals, no intrinsic value whatsoever and had a parabolic rise based on the greater fool principle?

I call things how I see them.  I don't want people here to get their face ripped off buying into the biggest maniacal Ponzi bubble in history.  

Why are you so threatened by me?  

Buy some silver and be patient.  That's free advice.



No, you're a dick because everyone gets it . . . we know what your opinion is. You're finished here son, move along.

J
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 15, 2018, 05:26:12 PM
Quote from: JAGO on January 15, 2018, 03:00:10 PM
No, you're a dick because everyone gets it . . . we know what your opinion is. You're finished here son, move along.
J

I'm your Daddy, you're my son.

(http://rhishikeshagashe.com/wp-content/uploads/2017/08/BubbleChart-1024x688.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 15, 2018, 05:29:02 PM
Quote from: gib on January 15, 2018, 02:44:52 PM
I’ve tried and tried to explain this to Mr A. He’s simply blind to this reality.

Blipcoins are not real, so there is not reality associated with them.


Put up or shut up.


Blips to $1 MILLION = Sports car shopping spree!

(http://rhishikeshagashe.com/wp-content/uploads/2017/08/BubbleChart-1024x688.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 15, 2018, 05:32:43 PM
Quote from: Mayday on January 15, 2018, 02:52:45 PM
It's a fake account that is typing some really dumb stuff.

Don't lower yourself by associating yourself with that account otherwise it reduces your own credibility further.


Fake account?  No... that would be your blipo-crypto account.

Sell now... hurry up!

(http://rhishikeshagashe.com/wp-content/uploads/2017/08/BubbleChart-1024x688.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 15, 2018, 09:17:44 PM
Quote from: Mr Anabolic on January 15, 2018, 05:32:43 PM

Fake account?  No... that would be your blipo-crypto account.

Sell now... hurry up!

(http://rhishikeshagashe.com/wp-content/uploads/2017/08/BubbleChart-1024x688.jpg)

There ya go my man

“Fuck everything else going on in the world. Buy silver”
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ESFitness on January 15, 2018, 09:22:59 PM
Fib made 384k?

Tell him to throw me 2k and ill send him 40k in product. Lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: stingray on January 15, 2018, 09:38:05 PM
Quote from: ESFitness on January 15, 2018, 09:22:59 PM
Fib made 384k?

Tell him to throw me 2k and ill send him 40k in product. Lol

There are people making thousands of dollars a week on exchanges, know somebody whos portfolio went from 50k to 300k
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ESFitness on January 15, 2018, 09:51:01 PM
Quote from: stingray on January 15, 2018, 09:38:05 PM
There are people making thousands of dollars a week on exchanges, know somebody whos portfolio went from 50k to 300k

If my 50k went to 300k, I'd pull 175k out and buy some spdr n index etfs lol

20k investment in anabolic will net about 320-360k lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on January 16, 2018, 12:33:38 AM
Quote from: Mayday on January 15, 2018, 02:52:45 PM
It's a fake account that is typing some really dumb stuff.

Don't lower yourself by associating yourself with that account otherwise it reduces your own credibility further.

You have no idea, but I have no urge to try to "prove" myself. My bussiness is related with countries, that are quite restrictive in many ways, in many stupid ways I have to say. Illegal? It depends how you value it, it's all relative. Not selling drugs or weapons, that's for sure. I've been in crypto world for like five good years, and believe it or not - there are many, many people using it for bussiness. Even if it is used to "hide money" - it still is being used, that's what matters afterall, the demand is there, so is the value, that's all I wanted to say. You can believe what you want, I don't give a damn.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 16, 2018, 03:42:31 AM
Well South Korea just banned them. Fucking freefall for everyone lol.

Does South Korea and their 5% share decide the fate of the global crypto market?

Either death or glorious gains awaits!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 16, 2018, 04:24:51 AM
Quote from: polychronopolous on January 15, 2018, 09:17:44 PM
There ya go my man

“Fuck everything else going on in the world. Buy silver”

I never said that. 

I have a stock portfolio that is doing very nicely, but the stock market is in a bubble right now.  Getting ready to move it all to cash.  It's gone almost parabolic since Christmas.  That is 'blow off top' activity.  The market could rise for a while longer, but it's due for a major correction or a crash soon. 

Real estate is also in a bubble again.

Precious metals are one of the few asset classes that is NOT in a bubble.  Silver is VERY undervalued right now, as well as some grains and softs like sugar.   
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 16, 2018, 04:27:32 AM
Quote from: Mayday on January 16, 2018, 03:42:31 AM
Well South Korea just banned them. Fucking freefall for everyone lol.

Does South Korea and their 5% share decide the fate of the global crypto market?

Either death or glorious gains awaits!!


It's death.  "Fedcoin" or "Worldcoin" will replace all of them.  You'll see.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 16, 2018, 04:57:16 AM
Quote from: Mr Anabolic on January 15, 2018, 07:35:55 AM
Don't all exchanges ask for a picture ID, SS# and other private info to open an account?  That's not anonymous.

There is no escaping big brother.  Governments can do anything and enact any law it wants to.  They can ban all cryptos outright, or ban transfers of cash from crypto exchanges into bank accounts.  If they don't want you to use something, you won't.   Once "Fedcoin" is mandated by law, all other cryptos will most likely be deemed illegal.  

South Korea is banning blipcoins.  

You blipcoin devotees are not thinking critically... too busy fantasizing and circle jerking.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on January 16, 2018, 05:42:28 AM
LOL   :D

Annual Bitcoin Conference (Jan 18 - 19) just announced that they will not be accepting Bitcoin this year.

"The North American Bitcoin conference has stopped accepting bitcoin payments for tickets due to fees and congestion associated with the cryptocurrency."

http://www.businessinsider.com/bitcoin-conference-stops-accepting-bitcoin-network-fees-congestion-2018-1
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 16, 2018, 06:04:18 AM
Quote from: Twaddle on January 16, 2018, 05:42:28 AM
LOL   :D

Annual Bitcoin Conference (Jan 18 - 19) just announced that they will not be accepting Bitcoin this year.

"The North American Bitcoin conference has stopped accepting bitcoin payments for tickets due to fees and congestion associated with the cryptocurrency."

http://www.businessinsider.com/bitcoin-conference-stops-accepting-bitcoin-network-fees-congestion-2018-1

Hilarious!

Bubble manias always end badly... it doesn't matter what it is:  Tulip bulbs, pet rocks, mood rings, baseball cards, Beanie Babies, dot.coms, etc.  There is always some complex story or explanation of how "It's different this time!" and "It's a new paradigm!"  Total bullshit.     

Like a I mentioned 40 pages ago, we will reach a point where blipcoin worshippers who did not sell will be taking swan dives off tall skyscrapers. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 16, 2018, 06:22:23 AM
:o :o :o

11510.00 US Dollar
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on January 16, 2018, 08:06:54 AM
You guys realise it's price is still way above the wildest predictions at the end of last year, right? The "one million" prediction was in a context of "five or ten years" and you act like it should've reached that by now and if not - it "failed". To me it looks more like you are angry that you missed the boat, while considering yourself "knowledgeable" at the same time.
 A price of this kind of wealth unit at 1000bucks would still be incredible, given the origin of it, so calm down, it's here to stay, whether you want it or not. And part of it's value is pure speculations, but part is from a real world usage, and that part is pretty solid, in my opinion. I'd prefer it to reach a "real" value and stay at it, increasing/decreasing according to that, for me personally it would be a lot better option, as I don't care much about "gains", I care about usability a lot more.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on January 16, 2018, 08:11:44 AM
Quote from: Zero2Hero on January 16, 2018, 08:06:54 AM
You guys realise

more than u... which is why we call blockchain evil.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on January 16, 2018, 08:15:35 AM
Zero2Hero is gibs gimmick account

fuck off
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 16, 2018, 08:24:32 AM
Quote from: ratherbebig on January 16, 2018, 08:15:35 AM
Zero2Hero is gibs gimmick account

fuck off


He couldn't stand to not post when the price was going down so post as Gib when price goes up only, haha.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 16, 2018, 08:24:40 AM
Quote from: ratherbebig on January 16, 2018, 08:15:35 AM
Zero2Hero is gibs gimmick account

fuck off

I thought about that when I first saw it.  Only the mods truly know, but they never tell.  It's easy for them to identify gimmicks, they would have the same IP address.  

Why do the mods allow gimmicks anyway?  I could understand if the site was making money with advertising, views and clicks, but it doesn't.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on January 16, 2018, 08:30:19 AM
I don’t think bitcoin is done,I just think it’s done going crazy for a while.Many other cryptos will be sky rocketing this year wether for hype or legit reasons I couldn’t care less cause I’m having a blast jumping in and out.

Also Mr.A ive been buying silver as well.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on January 16, 2018, 08:39:13 AM
Quote from: ratherbebig on January 16, 2018, 08:15:35 AM
Zero2Hero is gibs gimmick account

fuck off

Best "argument", when there are no real ones, right?

I'm not a gimmick of anyone, waited for my account to be approved for quite a while, have been reading the site for a few years, and got an urge to register due to this thread actually. Believe what you want..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on January 16, 2018, 08:53:44 AM
Quote from: Zero2Hero on January 16, 2018, 08:39:13 AM
Best "argument", when there are no real ones, right?

I'm not a gimmick of anyone, waited for my account to be approved for quite a while, have been reading the site for a few years, and got an urge to register due to this thread actually. Believe what you want..

right you just appear outta the blue right after gib posted and have the exact same writing style, the same exaggerated use of words in "quotation" etc youre not very smart are you

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on January 16, 2018, 09:09:12 AM
Quote from: Zero2Hero on January 16, 2018, 08:39:13 AM
waited for my account to be approved for quite a while

I registered a new account while banned... still waiting on that fuking account, lol. whats the deal
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 16, 2018, 09:34:13 AM
Quote from: robcguns on January 16, 2018, 08:30:19 AM
I don’t think bitcoin is done,I just think it’s done going crazy for a while.Many other cryptos will be sky rocketing this year wether for hype or legit reasons I couldn’t care less cause I’m having a blast jumping in and out.

Also Mr.A ive been buying silver as well.

As long as you're nimble, that's great.  

I think blips are played out at this point.  Cryptos in general seem to be losing some steam, but I believe a few of the lower priced ones still have room to run.  I'm speaking from a traders perspective here, not a crypto devotee perspective.  Take notice when blipcoins fall in price, most other cryptos fall with it.  Could they all be connected or controlled by computers/algorithms?  Quite possible.  So many things are going on behind the scenes, we'll never know.  

As for silver, I have a very large position (physical only) and I add more on large price drops.  Gold is more stable, but the profit % potential is lower.  The main disadvantages with silver: it weighs a lot and takes up a lot more space than gold does.  The main advantages: it's cheaper and easier to liquidate.

Once blipcoin really starts to go belly-up, I believe a large portion of blipcoin profits will make their way into the precious metals market.  This combined with the inevitable stock market crash will propel precious metal prices into the stratosphere.  Sometime after that happens, I'll sell most of my metals and look at getting back into real estate and the stock market again.  

These market/asset cycles can (and usually do) take a long time to play out.  Some of these opportunities only come once in a lifetime.  There is no instant gratification using this investing style, but it keeps you grounded.  Let the sheep run back and forth like maniacs chasing the latest bubble and "sure thing".  A few of them will get lucky, good for them, but most will get slaughtered.  I prefer to just sit back, observe and let the opportunities come to me.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 16, 2018, 09:36:58 AM
Getbiggers, invest in silver.

I buy a lot of silver.

Ill make you billionaires!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on January 16, 2018, 09:40:01 AM
at least mr anabolic backs up his claims with picture proof

(https://i.pinimg.com/736x/c7/97/18/c797181e8cdd684c310f918b57afd5d4.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 16, 2018, 10:06:36 AM
Quote from: ratherbebig on January 16, 2018, 09:40:01 AM
at least mr anabolic backs up his claims with picture proof

(https://i.pinimg.com/736x/c7/97/18/c797181e8cdd684c310f918b57afd5d4.jpg)

lol  Cool.  Gotta be 100 ounces at least
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 16, 2018, 10:09:26 AM
Quote from: SF1900 on January 16, 2018, 09:36:58 AM
Getbiggers, invest in silver.

I buy a lot of silver.

Ill make you billionaires!!

People can do what they want.  I'm just mentioning what the most undervalued asset classes are.

Definitely not billions, but probably millions.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on January 16, 2018, 11:11:13 AM
$ 11.427
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on January 16, 2018, 12:11:36 PM
Quote from: ratherbebig on January 16, 2018, 08:15:35 AM
Zero2Hero is gibs gimmick account

fuck off

You are a gimmick too, but you're probably right. They're the same person.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 16, 2018, 12:30:50 PM
Quote from: Mr Anabolic on January 16, 2018, 04:27:32 AM

It's death.  "Fedcoin" or "Worldcoin" will replace all of them.  You'll see.

Countries are creating a crypto pegged to its existing currency yes. it isnt a replacement and carries the same value as the currency.

There isnt a worldcoin coming. The EUR was a disaster because none of thr countried followed the guidelines around the ECB. It's not as simple as one might think.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 16, 2018, 12:31:19 PM
Quote from: Zero2Hero on January 16, 2018, 08:06:54 AM
You guys realise it's price is still way above the wildest predictions at the end of last year, right? The "one million" prediction was in a context of "five or ten years" and you act like it should've reached that by now and if not - it "failed". To me it looks more like you are angry that you missed the boat, while considering yourself "knowledgeable" at the same time.
 A price of this kind of wealth unit at 1000bucks would still be incredible, given the origin of it, so calm down, it's here to stay, whether you want it or not. And part of it's value is pure speculations, but part is from a real world usage, and that part is pretty solid, in my opinion. I'd prefer it to reach a "real" value and stay at it, increasing/decreasing according to that, for me personally it would be a lot better option, as I don't care much about "gains", I care about usability a lot more.

You sound like a gib gimmick, not trying NOT to sound like a gib gimmick   lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 16, 2018, 12:33:50 PM
The question remains:

If GIB, and I mean a BIG if, does become a millionaire based off of bitcoin, will Mr. Anabolic have the courage to admit he was wrong?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 16, 2018, 12:35:16 PM
Quote from: Mr Anabolic on January 16, 2018, 04:24:51 AM
  Silver is VERY undervalued right now.

Having played in silver 6yrs ago during their peak, what makes you say silver is very undervalued?

why are you holding physical?

what price do you think its going to and why?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 16, 2018, 12:36:44 PM
Quote from: Mayday on January 16, 2018, 12:30:50 PM
Countries are creating a crypto pegged to its existing currency yes. it isnt a replacement and carries the same value as the currency.

There isnt a worldcoin coming. The EUR was a disaster because none of thr countried followed the guidelines around the ECB. It's not as simple as one might think.

When the digital currency is approved and mandated by all the central banks around the world, you better believe the guidelines will be followed.

Whatever name you want to give it, an all digital currency is coming eventually.  No one should be happy about this.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on January 16, 2018, 12:53:48 PM
Quote from: el numero uno on January 16, 2018, 12:11:36 PM
You are a gimmick too, but you're probably right. They're the same person.

nothing wrong being a gimmick unless the guy whose gimmick you are is an asshole!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Ted SuperSet on January 16, 2018, 01:10:10 PM
$ 19765!!!!!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on January 16, 2018, 01:20:13 PM
Quote from: Mr Anabolic on January 16, 2018, 12:31:19 PM
You sound like a gib gimmick, not trying NOT to sound like a gib gimmick   lol

Well I would at least try in that case, don't you think?

Anyway, at least some of my points remain valid and the rest time will show, I'm not really in the mood for finger pointing. Crypto is here to stay, so am I, but paranoia of someone being someones gimmick is pretty strong here I see.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 16, 2018, 01:30:07 PM
Quote from: Mayday on January 16, 2018, 12:35:16 PM
1. Having played in silver 6yrs ago during their peak, what makes you say silver is very undervalued?

2. why are you holding physical?

3. what price do you think its going to and why?

I explained all this in the thread.  This is the last time...

1.
 - Almost all other asset classes are VERY overvalued and in bubbles: stocks, real estate, bonds, cryptos. Silver is incredibly cheap by comparison.
 - $17oz in 2017?  lol  the price is being artificially held down, it won't last forever.  
 - The price has not kept up with inflation/dollar debasement.  
 - Industrial use. Supply and demand. Silver is used in every single electronic device made today. Technology and electronic gadgets are expanding exponentially.    

2.
 - Extremely undervalued right now. Wealth protection, insurance, safety and piece of mind.  
 - No counterparty risks like with paper CME contracts or mining stocks.  
 - It's real and tangible. Not electrons in a bank account or crypto wallet.
 - Doesn't disappear when the electricity goes off.  
 - Governments and banks around the world hoard it.
 - Store of wealth, value and money since ancient Greece. Even longer for gold.  

3.
 - No way to know for certain, but a lot higher than $17oz.  When global financial and stock markets crash?... if I had to take a guess?... $500-1000oz, possibly higher.
 - Asset cycles and timing... very undervalued right now.  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: denarii on January 16, 2018, 01:41:50 PM
CHF
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 16, 2018, 01:45:21 PM
Quote from: SF1900 on January 16, 2018, 12:33:50 PM
The question remains:

If GIB, and I mean a BIG if, does become a millionaire based off of bitcoin, will Mr. Anabolic have the courage to admit he was wrong?

How could he become a blipcoin millionaire, didn't he sell it all?  Gib still hasn't proved he ever had any blipcoins or actually made a $384K profit.  A simple screen shot of his account or bank account would put this to rest.  Put up or shut up.  Gib has also claimed he makes $500K per year and has more than $6 million in the bank.  He could be lying about this too.  Again, put up or shut up.  People on internet forums tend to pretend and fantasize a lot.

The more pertinent question would be:
Will Gib admit he was wrong saying that blipcoin is going to 40K... or 100K or $1,000,000???  Yes, $1 MILLION per blipcoin!  Under the definition "cognitive dissonance" you will find gib's picture.

As I type this, Blipcoin is $10,600.  Like I said 20 pages ago, blips are played out.  Could crypto-mania finally be over?... or will the bliptards buy this dip too?

If the bliptards don't come to the rescue and buy this blipdip, we are about to enter the "fear" stage:

(http://rhishikeshagashe.com/wp-content/uploads/2017/08/BubbleChart-1024x688.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Ted SuperSet on January 16, 2018, 01:47:05 PM

Small woman = small vagina?
Big woman = big vagina?
Small man = small penis?
Big man = big penis?

Speak on this question getbig!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 16, 2018, 01:51:30 PM
Quote from: Ted SuperSet on January 16, 2018, 01:47:05 PM
Small woman = small vagina?
Big woman = big vagina?
Small man = small penis?
Big man = big penis?

Speak on this question getbig!!

In my experience, 90% of the time, its the opposite:  Large woman = small vagina, Small woman = big vagina.

Large woman = tall and/or big boned woman, not a fat walrus looking thing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on January 16, 2018, 02:20:31 PM
where are all people who bought bitcoins at 15-20k
i wonder how theyre holding up  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: f450 on January 16, 2018, 04:13:57 PM
Quote from: ratherbebig on January 16, 2018, 02:20:31 PM
where are all people who bought bitcoins at 15-20k
i wonder how theyre holding up  :D

I know a few.

Not good  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 16, 2018, 04:32:49 PM
Quote from: ratherbebig on January 16, 2018, 02:20:31 PM
where are all people who bought bitcoins at 15-20k
i wonder how theyre holding up  :D

Bounced back to $11,500.  Twinkletoe twins probably panicking and in there buying to support their investment.

I'll be fun when the REAL panic selling starts.  That day is coming.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: denarii on January 16, 2018, 04:50:03 PM
Soon the title of the thread will be relevant again
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 16, 2018, 07:17:21 PM
Quote from: Mr Anabolic on January 16, 2018, 12:36:44 PM
When the digital currency is approved and mandated by all the central banks around the world, you better believe the guidelines will be followed.

Whatever name you want to give it, an all digital currency is coming eventually.  No one should be happy about this.

But Govts are elected and dont report to their central bank. thats how the EUR got into the shit. Nobody was supposed to run higher than a 3% deficit budget but then some govt fuckers ran upwards of 10% which is why the currency itself it under pressure. they have learned from all the things the GFC brought on. Nobody follows the rules and because its a currency they cant really kick you out once you are in (ie PIIGS countries v Germany).

re your silver arguments its the same things i hards 6-7yrs ago. It hasnt done anything since that crash which is because the banks cheated and solved the scarcity issue.

I agree silver doesnt look bubbled but i dont think they really fuck with it much anymore unlike 2011. Production requirements can be met for physical orders no problem, we know this from the crash in 2011, that's why the price remained low since then as its mostly industry demand rather than speculative.

I held physical in 2011 but id go paper contract all day every day. Physical is good to be off radar though.


Hopefully another round of smackdown tonight. i want my energy crypto to get brutalised but the fucker is holding. i'd love it to get down to 0.36.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tres_taco_combo on January 16, 2018, 07:20:25 PM
Quote from: denarii on January 16, 2018, 01:41:50 PM
CHF

love it
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on January 16, 2018, 07:46:40 PM
Quote from: Mr Anabolic on January 16, 2018, 04:32:49 PM
Bounced back to $11,500.  Twinkletoe twins probably panicking and in there buying to support their investment.

I'll be fun when the REAL panic selling starts.  That day is coming.

Gib's friend has lost $3,500 so far.

So much for helping out a friend in need lol.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on January 16, 2018, 08:54:08 PM
Amazing how something worth nothing that cost nothing to make went up to $20k each in value. I swear monkeys must be sitting in trees laughing at how stupid humans are.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on January 16, 2018, 09:05:12 PM
Quote from: El Diablo Blanco on January 16, 2018, 08:54:08 PM
Amazing how something worth nothing that cost nothing to make went up to $20k each in value.

imagine that u could turn the globe into your own personal ant farm, and blockchain was a component of that actuality. calculate the value of the whole world.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 17, 2018, 02:42:55 AM
Quote from: denarii on January 16, 2018, 04:50:03 PM
Soon the title of the thread will be relevant again

Hey that's actually pretty funny now given its not far off it lol.

This is getting pretty brutal but looking at the orders i saw some fairly wicked scare tactics to beat the prices down.

Would be interesting to see where those 1000% gain altcoins end up...... then whether they go back up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Tha Grim Lifter on January 17, 2018, 02:49:43 AM
I met a guy who bought 2 Bitcoins to buy coke online about 2-3 years ago for $200. Has half of one left because he forgot about it. That can make you some money. But for everyone making money, someone is losing it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: sculpture on January 17, 2018, 03:58:49 AM
Quote from: Mr Anabolic on January 10, 2018, 08:59:27 AM
From a traders perspective, I actually agree with this.

Sub 1 dollar now
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 17, 2018, 05:29:08 AM
Quote from: Mayday on January 16, 2018, 07:17:21 PM
But Govts are elected and dont report to their central bank. thats how the EUR got into the shit. Nobody was supposed to run higher than a 3% deficit budget but then some govt fuckers ran upwards of 10% which is why the currency itself it under pressure. they have learned from all the things the GFC brought on. Nobody follows the rules and because its a currency they cant really kick you out once you are in (ie PIIGS countries v Germany).

re your silver arguments its the same things i hards 6-7yrs ago. It hasnt done anything since that crash which is because the banks cheated and solved the scarcity issue.

I agree silver doesnt look bubbled but i dont think they really fuck with it much anymore unlike 2011. Production requirements can be met for physical orders no problem, we know this from the crash in 2011, that's why the price remained low since then as its mostly industry demand rather than speculative.

I held physical in 2011 but id go paper contract all day every day. Physical is good to be off radar though.

It's not an argument, it's basic cyclic/contrary investing with a few fundamentals thrown in.  The last few years of stock market gains and recent crypto parabola has caused people to dump gold and silver... that's a great thing for a contrary investor.  There are precious metal devotees out there that have sold everything and put it into blipcoins.  This is one of my main indicators that blipcoins have topped and are played out.  

As I type this blips are near the $10,000 mark again.  I don't see people rushing in to buy it like the last time it dipped to $10,000.  That is another tell-tale sign.

Regarding world banks and government, you can believe what you want.  I could write pages about how banks have pumped trillions into all stock markets around the world, but nobody cares about that, only if they are personally making money or not.  Most people here cannot comprehend how much a trillion dollars is, let alone a quadrillion dollars (which is the sum total of the derivatives market).  The whole thing will implode eventually.  You better have something real when it happens.  Digital blips in some bank account or crypto wallet/exchange will be useless and will not help you.

The "get rich quick" crypto play is basically over.  You want to gamble with some of these penny cryptos, good luck.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 17, 2018, 05:47:15 AM
Quote from: sculpture on January 17, 2018, 03:58:49 AM
Sub 1 dollar now

I would've got stopped out much higher.  That's just one of the bad things about cryptos, you cannot set a stop loss like you can trading stocks.


BTW, where's Gib?  Oh that's right, he only posts when blips are going up.  lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: sculpture on January 17, 2018, 06:15:23 AM
Tis a sad day for these e-tokens and their advocates
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 17, 2018, 06:36:12 AM
GIB, bitcoin is so close to the million mark! Only a few hundred thousand away. At 10 g's now!!

1 Bitcoin equals
10000.55 US Dollar
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on January 17, 2018, 06:37:14 AM
$ 9,803.86
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on January 17, 2018, 07:09:41 AM
$9450

https://www.coindesk.com/price/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 17, 2018, 07:20:23 AM
Quote from: Mr Anabolic on January 17, 2018, 05:47:15 AM
I would've got stopped out much higher.  That's just one of the bad things about cryptos, you cannot set a stop loss like you can trading stocks.


BTW, where's Gib?  Oh that's right, he only posts when blips are going up.  lol

Sorry been out driving me new car. Has personalised license plates with “BLIP” in honor of Mr A.

So what’s been going on - someone update me please.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on January 17, 2018, 07:20:43 AM
Quote from: el numero uno on January 17, 2018, 07:09:41 AM
https://www.coindesk.com/price/

get a load of this title:

'To Understand Bitcoin, I Studied Karl Marx'

https://www.coindesk.com/understand-bitcoin-studied-karl-marx/ (https://www.coindesk.com/understand-bitcoin-studied-karl-marx/)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on January 17, 2018, 07:26:36 AM
Quote from: gib on January 17, 2018, 07:20:23 AM
Sorry been out driving me new car. Has personalised license plates with “BLIP” in honor of Mr A.

So what’s been going on - someone update me please.

This guy has been trolling for 77 pages lol. Investor my ass.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on January 17, 2018, 07:28:21 AM
Quote from: Zillotch on January 17, 2018, 07:20:43 AM
get a load of this title:

'To Understand Bitcoin, I Studied Karl Marx'

https://www.coindesk.com/understand-bitcoin-studied-karl-marx/ (https://www.coindesk.com/understand-bitcoin-studied-karl-marx/)

Yeah, so much bull$hit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 17, 2018, 08:01:44 AM
Quote from: gib on January 17, 2018, 07:20:23 AM
Sorry been out driving me new car. Has personalised license plates with “BLIP” in honor of Mr A.

So what’s been going on - someone update me please.

Take a picture of it please... but you won't because it only exists in your head.

Most of what you posted in this thread is bullshit and lies.

Put up or shut up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: phreak on January 17, 2018, 08:17:42 AM
In honour of the topic title, I am looking forward to btc to hit 5000 again. ;) Made a nice bonus selling them the last 48 hours.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 17, 2018, 08:25:51 AM
Quote from: el numero uno on January 17, 2018, 07:26:36 AM
This guy has been trolling for 77 pages lol. Investor my ass.


Called this a while back. When that gimmick popped up he jumped the shark.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 17, 2018, 08:27:33 AM
Quote from: SOMEPARTS on January 17, 2018, 08:25:51 AM

Called this a while back. When that gimmick popped up he jumped the shark.

He got desperate.  Probably never owned/sold anything.  All a fantasy.  He's delusional.   
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tres_taco_combo on January 17, 2018, 09:05:45 AM
ripple is way below $1.50 dang

it is closer to .80 now
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Ted SuperSet on January 17, 2018, 10:47:37 AM
Quote from: Mr Anabolic on January 16, 2018, 01:51:30 PM
In my experience, 90% of the time, its the opposite:  Large woman = small vagina, Small woman = big vagina.

Large woman = tall and/or big boned woman, not a fat walrus looking thing.

Thanx for the input brother!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 17, 2018, 10:49:20 AM
Quote from: Ted SuperSet on January 17, 2018, 10:47:37 AM
Thanx for the input brother!

Glad to help.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 17, 2018, 11:49:10 AM
Quote from: phreak on January 17, 2018, 08:17:42 AM
In honour of the topic title, I am looking forward to btc to hit 5000 again. ;) Made a nice bonus selling them the last 48 hours.

It will eventually, but not anytime soon.  Too many believers and dip buyers still out there.  Those people must be washed out and made to capitulate, then you'll see the real waterfall.  The whales are in there buying to prop the price up.   
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 17, 2018, 06:29:37 PM
It would be interesting to know the net cash outflow from that crash.

That was 5% of the market being impacted by regulations. I would assume a LOT of them would have been on overseas exchanges anyway so i don't know what the big deal was.

The next round will be the futures contracts...... apparently small but then again the banks are in on this one...... Coming up soon i believe.

If it survives those, up next will probably be the regulatory change on reporting transaction identities. There is plenty of noise around this one so it's obviously coming soon. Will that be the big one?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on January 17, 2018, 06:38:47 PM
Made some decent money buying the dip today and selling a couple hours later.Im loving this shit,I’m not long term just moving quickly and it’s pretty neat I must say.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Agnostic007 on January 17, 2018, 08:32:31 PM
Quote from: robcguns on January 17, 2018, 06:38:47 PM
Made some decent money buying the dip today and selling a couple hours later.Im loving this shit,I’m not long term just moving quickly and it’s pretty neat I must say.

 I think this is the way to go
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 17, 2018, 10:43:17 PM
Quote from: Mr Anabolic on January 17, 2018, 08:01:44 AM
Take a picture of it please... but you won't because it only exists in your head.

Most of what you posted in this thread is bullshit and lies.

Put up or shut up.

Keep an eye out for it and handsome dude driving it.

Oh and I’m going to have a special horn that goes “blippity blip” just for you.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 17, 2018, 11:16:35 PM
Quote from: Mr Anabolic on January 12, 2018, 10:23:21 AM
No, because I know it is inherently worthless... an intangible digital illusion.

Will you ever hold a gold coin in your hand and/or understand what real money is?   Probably not.

Do you not realize that you already own bitcoin (at least indirectly either via a listed US company, or via an index fund) as many US companies either have some BTC directly, or have indirect exposure to it. Its already integrated into our financial system, and will continue to do so in increasingly complex ways.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 17, 2018, 11:27:42 PM
Quote from: gib on January 14, 2018, 11:54:24 PM
And now ... its with great relish that I compile the following highlights of ultimate self-owning, from our resident blipcoin angry man, Mr Anabolic. Enjoy... :)

November 13, 2013, 05:11:42 PM -Bitcoin price $401
He tried again on March 17, 2014, 02:13:27 PM - Bitcoin price $589

And again ... September 04, 2017, 07:26:09 AM - Bitcoin price $4319

And again ...November 10, 2017, 04:10:43 AM - Bitcoin price - $6570

And again ... November 19, 2017, 11:22:58 AM - Bitcoin Price $8033

And nope, I didn't disappear, nor did I not take profits ...January 11, 2018, 06:35:31 PM - Bitcoin Price $14,681

Anyone who would have done exactly the opposite of what Mr A had recommended at the time of any of the above quotes would have profited very very handsomely (and I know from the PM's I have received that many of you did!).

... Oh and - Blippy blip blippty blip - Mr A you're full of shit :)

Let's take a moment to further analyze and appreciate one the of biggest financial self-ownings in GetBig history...

Based on his November 13, 2013 statement, Mr A was 2700% wrong based on current market price.

Based on his March 17, 2014 statement, Mr A was 1876% wrong based on current market price.

Based on his September 04, 2017 statement, Mr A was 250% wrong based on current market price.

Based on his November 10, 2017 statement, Mr A was 168% wrong based on current market price.

Based on his November 19, 2017 statement, Mr A was 137% wrong based on current market price.

Poor old Mr A.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 17, 2018, 11:37:19 PM
Quote from: Agnostic007 on January 17, 2018, 08:32:31 PM
I think this is the way to go

If you can the timing right sure otherwise if you miss the bottom its a 20% drop lol.

 I jumped into XRP as i saw it as taking the largest hit from Asia with a chance for an early strong rebound then ill bail before a pullback. i am looking for a 2 price then ill bail.

That's a 1 day punt....or it's a 20% downward spiral lol....yiiipppeeee!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on January 17, 2018, 11:45:40 PM
Quote from: gib on January 17, 2018, 10:43:17 PM
Keep an eye out for it and handsome dude driving it.

Oh and I’m going to have a special horn that goes “blippity blip” just for you.

careful, u may blippity blip your ass into a brick wall while traveling at a high speed, bliptwit
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on January 18, 2018, 01:34:20 AM
I have seen this "btc capitulates" scenario playing out for many, many times, in the last five or so years, every time it looked like it's not gonna recover, and every time it did. Interesting to see how it goes this time. If it keeps its ground for half a year more, I'd say we have something very interesting here, a lot more interesting than it was thought before. A global (but not centralised or controlled) wealth unit that is pretty much bulletproof to pretty much everything.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 18, 2018, 01:40:58 AM
Talking to your own gimmick in the Asian time zone...


























 ::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on January 18, 2018, 02:24:26 AM
Quote from: SOMEPARTS on January 18, 2018, 01:40:58 AM
Talking to your own gimmick in the Asian time zone...


 ::)

If that makes you sleep better at night.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on January 18, 2018, 02:57:13 AM
"Bitcoin and other virtual currencies have nearly halved in value since last month, prompting a popular cryptocurrency forum to offer suicide prevention support to any members who may have been impacted financially by the price crash."

https://www.yahoo.com/news/cryptocurrency-crash-sees-suicide-hotline-151218732.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on January 18, 2018, 03:10:20 AM
Quote from: loco on January 18, 2018, 02:57:13 AM
"Bitcoin and other virtual currencies have nearly halved in value since last month, prompting a popular cryptocurrency forum to offer suicide prevention support to any members who may have been impacted financially by the price crash."

https://www.yahoo.com/news/cryptocurrency-crash-sees-suicide-hotline-151218732.html

and gib was still telling everyone it was a good idea to buy when it was near 20 000 !
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 18, 2018, 04:05:18 AM
Quote from: gib on January 17, 2018, 11:27:42 PM
Let's take a moment to further analyze and appreciate one the of biggest financial self-ownings in GetBig history...

Based on his November 13, 2013 statement, Mr A was 2700% wrong based on current market price.

Based on his March 17, 2014 statement, Mr A was 1876% wrong based on current market price.

Based on his September 04, 2017 statement, Mr A was 250% wrong based on current market price.

Based on his November 10, 2017 statement, Mr A was 168% wrong based on current market price.

Based on his November 19, 2017 statement, Mr A was 137% wrong based on current market price.

Poor old Mr A.



lol  Your trolling is very weak gibtard (your new name!).  I'm certainly not poor.


$1 MILLION PER BLIP!   Too bad... you were only $981,000 dollars short - lol


Gibtard created a gimmick to try and validate yourself.  Pathetic.    


Gibtard never made $384K.  Simple screen shots will prove it.  Don't forget to include pics of gibtard's new sports car!


Put up or shut up... gibtard the bliptard.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 18, 2018, 04:13:05 AM
Quote from: DooM_ on January 18, 2018, 03:10:20 AM
and gib was still telling everyone it was a good idea to buy when it was near 20 000 !

Gibtard the bliptard was giving people a million reasons to buy it while he was selling it.  The classic pump and dump.  It wasn't just gibtard either... bliptards all over the internet telling people to do the same thing. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 18, 2018, 04:20:22 AM
Quote from: loco on January 18, 2018, 02:57:13 AM
"Bitcoin and other virtual currencies have nearly halved in value since last month, prompting a popular cryptocurrency forum to offer suicide prevention support to any members who may have been impacted financially by the price crash."

https://www.yahoo.com/news/cryptocurrency-crash-sees-suicide-hotline-151218732.html

My prediction coming true.  Not now, but after the next big selloff we'll begin to see headlines of bliptards jumping off buildings... good.  These bliptards should off themselves for being greedy and stupid.  The world needs a good clean out of these morons.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 18, 2018, 04:24:08 AM
Quote from: DooM_ on January 18, 2018, 03:10:20 AM
and gib was still telling everyone it was a good idea to buy when it was near 20 000 !

I maintain that its good for many reasons to own some BTC at any price

I still think its quite possible we will see 40K year end - 100K in 3 years and - yes 1m is of course theoretically possible (though I would not try to put a time estimate on this)

I have explained why I sold most of what I have - I will also post if I rebuy (if I do it will likely be an all or nothing buy-in - eg a big buy in or nothing at all) - would love to double and then rub those gains in Mr A's face - even if he thinks they are imaginary :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 18, 2018, 04:31:07 AM
Quote from: gib on January 17, 2018, 11:27:42 PM
Let's take a moment to further analyze and appreciate one the of biggest financial self-ownings in GetBig history...

Based on his November 13, 2013 statement, Mr A was 2700% wrong based on current market price.

Based on his March 17, 2014 statement, Mr A was 1876% wrong based on current market price.

Based on his September 04, 2017 statement, Mr A was 250% wrong based on current market price.

Based on his November 10, 2017 statement, Mr A was 168% wrong based on current market price.

Based on his November 19, 2017 statement, Mr A was 137% wrong based on current market price.

Poor old Mr A.


Name calling will not help strengthen your views Mr A - it only makes u look more angry - and me "posting a screenshot of my gains" will not make my gains any less real or imaginary - I presume even old school people like yourself know these could be easily faked (which of course is what you would claim anyway if I posted it) - Again I am open to a trusted admin like Ron doing a video call where I would share screenshots

Oh and at this time your % wrongness (objectively proven by the numbers) is actually worse now %-wise due to the price rise in the last 6 or so hours

Oh and as for me being a gimmick - either I am - in which case you have been epicly trolled - or I am not - in which case you have been epicly wrong as imperically proven over and over and over

That is not to say that you are not good with money though - I think you are and you have posted some sensible and helpful posts in the past - its just that you missed the mark (numerous times) big time on bitcoins and are finding it very hard to admit this :)

honk honk!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 18, 2018, 04:39:38 AM
Quote from: gib on January 18, 2018, 04:31:07 AM
Name calling will not help strengthen your views Mr A - it only makes u look more angry - and me "posting a screenshot of my gains" will not make my gains any less real or imaginary - I presume even old school people like yourself know these could be easily faked (which of course is what you would claim anyway if I posted it) - Again I am open to a trusted admin like Ron doing a video call where I would share screenshots

Oh and at this time your % wrongness (objectively proven by the numbers) is actually worse now %-wise due to the price rise in the last 6 or so hours

Oh and as for me being a gimmick - either I am - in which case you have been epicly trolled - or I am not - in which case you have been epicly wrong as imperically proven over and over and over

That is not to say that you are not good with money though - I think you are and you have posted some sensible and helpful posts in the past - its just that you missed the mark (numerous times) big time on bitcoins and are finding it very hard to admit this :)


Post screen shots... post pics... or STFU.

You have no credibility.  Your posts don't matter.  You are insignificant.  
  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 18, 2018, 04:43:43 AM
Quote from: Mr Anabolic on January 18, 2018, 04:39:38 AM

Post screen shots... post pics... or STFU.

You have no credibility.  Your posts don't matter.  You are insignificant.  
  


Ha ha - nopey nope you are not getting a screen shot :) - though my posts clearly do matter to you at least - but again for the purpose of a discussion about BTC please simply imagine I made nothing (or you may also think about someone else who made multiple millions) - either way these don't change the facts of the discussion about the merits or the price of BTC
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 18, 2018, 04:50:32 AM
Quote from: gib on January 18, 2018, 04:43:43 AM
Ha ha - nopey nope you are not getting a screen shot :) - though my posts clearly do matter to you at least - but again for the purpose of a discussion about BTC please simply imagine I made nothing (or you may also think about someone else who made multiple millions) - either way these don't change the facts of the discussion about the merits or the price of BTC

...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dave D on January 18, 2018, 05:13:46 AM
Interesting that Gib sold out before the big crash. I wonder how his friend is doing?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 18, 2018, 05:36:01 AM
Quote from: Dave D on January 18, 2018, 05:13:46 AM
Interesting that Gib sold out before the big crash. I wonder how his friend is doing?

All my friends are in for the long term. They are “true believers” or “hodlers” in crypto speak: https://hodlermanifesto.com

 The guy who I sold a coin to for 15k bought more - though we did have a laugh about the drop. It was around 15.3 value when I sold it at mates rates for 15 and pretty much dropped each day since.

And in before Mr A points this out, i certainly did not manage to time my sale perfectly - 19k would have been a nice exit but I’m very happy with how I did anyhow.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 18, 2018, 05:50:37 AM
Quote from: gib on January 18, 2018, 05:36:01 AM
All my friends are in for the long term. They are “true believers” or “hodlers” in crypto speak: https://hodlermanifesto.com

 The guy who I sold a coin to for 15k bought more - though we did have a laugh about the drop. It was around 15.3 value when I sold it at mates rates for 15 and pretty much dropped each day since.

And in before Mr A points this out, i certainly did not manage to time my sale perfectly - 19k would have been a nice exit but I’m very happy with how I did anyhow.


Maybe in your head you did. 

Put up or shut up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: JAGO on January 18, 2018, 07:08:23 AM
Quote from: Mr Anabolic on January 18, 2018, 05:50:37 AM

Maybe in your head you did. 

Put up or shut up.

Clearly the biggest dicks on the board.

J
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 18, 2018, 07:14:52 AM
Bitcoin Knowledge host and notorious advocate Trace Meyer has suggested Bitcoin could hit $115,000 in 2018 after its correction ends.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on January 18, 2018, 08:03:20 AM
So much hate for something you don't even like, pretty strange. All the name calling, gimmick accusations, etc... Only explanation I have is some of you are simply angry that you did not use the window of opportunity and seeing it "fail" would make you feel better somehow. When it really does offer plenty of good stuff (the crypto) but you choose to see only the negatives, to skip at least some valid points made my me and others, it's the same as being blinded by "price rise", just vice versa. One thing I can guarantee (evaluating from my personal perspective, as in dealing with this stuff almost daily) - you will have to learn how it works and you will use it, sooner or later. As Gib wrote a few times already - at least try doing it to feel the VALUE, I am not going to repeat myself again and again (and repeat Gib) but being cautious and being simply ignorant are to different sides of the (bit)coin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 18, 2018, 11:02:07 AM
Quote from: Zero2Hero on January 18, 2018, 08:03:20 AM
So much hate for something you don't even like, pretty strange. All the name calling, gimmick accusations, etc... Only explanation I have is some of you are simply angry that you did not use the window of opportunity and seeing it "fail" would make you feel better somehow. When it really does offer plenty of good stuff (the crypto) but you choose to see only the negatives, to skip at least some valid points made my me and others, it's the same as being blinded by "price rise", just vice versa. One thing I can guarantee (evaluating from my personal perspective, as in dealing with this stuff almost daily) - you will have to learn how it works and you will use it, sooner or later. As Gib wrote a few times already - at least try doing it to feel the VALUE, I am not going to repeat myself again and again (and repeat Gib) but being cautious and being simply ignorant are to different sides of the (bit)coin.



(https://media.giphy.com/media/7SDs1LY3YWhji/giphy.gif)



Worst attempt at a gimmick ever sen on Getbig....and that's saying a lot. Almost every post in this thread. Hahaha.

Brags about 30 Bitcoins and will HODL forever - but magically sold at the top. Tech version of 300lbs with abs claim. Post that wallet up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on January 18, 2018, 11:26:46 AM
Quote from: Zero2Hero on January 18, 2018, 08:03:20 AM
So much hate for something you don't even like, pretty strange. All the name calling, gimmick accusations, etc... Only explanation I have is some of you are simply angry that you did not use the window of opportunity and seeing it "fail" would make you feel better somehow. When it really does offer plenty of good stuff (the crypto) but you choose to see only the negatives, to skip at least some valid points made my me and others, it's the same as being blinded by "price rise", just vice versa. One thing I can guarantee (evaluating from my personal perspective, as in dealing with this stuff almost daily) - you will have to learn how it works and you will use it, sooner or later. As Gib wrote a few times already - at least try doing it to feel the VALUE, I am not going to repeat myself again and again (and repeat Gib) but being cautious and being simply ignorant are to different sides of the (bit)coin.

It's pretty obvious you're gib's gimmick.

FAIL
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on January 18, 2018, 11:47:31 AM
Quote from: Zero2Hero on January 18, 2018, 08:03:20 AM
So much hate for something you don't even like, pretty strange. All the name calling, gimmick accusations, etc... Only explanation I have is some of you are simply angry that you did not use the window of opportunity and seeing it "fail" would make you feel better somehow. When it really does offer plenty of good stuff (the crypto) but you choose to see only the negatives, to skip at least some valid points made my me and others, it's the same as being blinded by "price rise", just vice versa. One thing I can guarantee (evaluating from my personal perspective, as in dealing with this stuff almost daily) - you will have to learn how it works and you will use it, sooner or later. As Gib wrote a few times already - at least try doing it to feel the VALUE, I am not going to repeat myself again and again (and repeat Gib) but being cautious and being simply ignorant are to different sides of the (bit)coin.

hi gib
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 18, 2018, 02:56:30 PM
Quote from: gib on January 18, 2018, 04:24:08 AM
I maintain that its good for many reasons to own some BTC at any price

I still think its quite possible we will see 40K year end - 100K in 3 years and - yes 1m is of course theoretically possible (though I would not try to put a time estimate on this)

The problem with prefacing things with the word 'possible' is that it then makes it a meaningless statement where if in the end the 'possible' outcome never eventuates the owner claims 'i never said it WOULD happen'. You might aswell stick with your 'bitcoin possibly to 1M' because it's equally as pointless as 'possibly 40k', 'possibly 100k'.

It's possible the price of oil will be up 20% by the end of the year.
It's possible the USD will crash 10% before June.

Both of those things i leave myself an escape route if i am wrong because i have NFI if i am right or wrong. It's just a guess.


I'll give you credit that at least you put skin in the game a while back in investing in bitcoin. It's more than most people did. But as said before, the entire basis on why you invested in bitcoin to begin with has not taken place. It was just hype which you acknowledged in the end a few pages ago.

One of the very BIG things yourself and the bitcoin ilk were adamant about was that it couldn't be banned or restricted because it was decentralised....... the opposite side argued TPTB will do whatever they want in order to have control of the end game whether it's banning, restricting, regulating, crashing the market etc.


Korea just banned them and the result was bitcoin crashed 45% and the other altcoins got smacked down much harder.

Remember the 'lessons learned' i mentioned to you?

Your and other's lesson here is that yes they can be banned. Yes they can be manipulated by TPTB. Yes it is bloody quick and it's bloody brutal.  

Now, head back to step 1 where you start with your rationale for why you invested and encourage others to invest in bitcoin. Ask yourself, whether that lesson learned have any impact your argument of bitcoin becoming a claimed 'global currency' and 'digital gold' ?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on January 18, 2018, 03:05:42 PM
You guys really start to sound like a bunch of kids throwing a doodie at each other. Maybe not most, but many, obviously doesn't even know what it is and this kind of hate towards a "thing" that actually may HELP you resembles dark ages, when people would throw rocks at a steam powered trains, screaming it's a "machine from hell". I personally DO NOT care about the price, as long as it is stable, be it a thousand or five hundred so I am not biased regarding it, I may be biased regarding it's usability, but so far it has been great.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 18, 2018, 03:50:11 PM
Quote from: Zero2Hero on January 18, 2018, 03:05:42 PM
You guys really start to sound like a bunch of kids throwing a doodie at each other. Maybe not most, but many, obviously doesn't even know what it is and this kind of hate towards a "thing" that actually may HELP you resembles dark ages, when people would throw rocks at a steam powered trains, screaming it's a "machine from hell". I personally DO NOT care about the price, as long as it is stable, be it a thousand or five hundred so I am not biased regarding it, I may be biased regarding it's usability, but so far it has been great.

Agree 100%! - well its Getbig though afterall - but what amazes me is how some of the more financially savvy folks like Mr A really don't "get it" - and the rocks at powered trains is a perfect example!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 18, 2018, 04:08:23 PM
Quote from: gib on January 18, 2018, 03:50:11 PM
Agree 100%! - well its Getbig though afterall - but what amazes me is how some of the more financially savvy folks like Mr A really don't "get it" - and the rocks at powered trains is a perfect example!

Having a discussion with your own gimmick =  mental illness.

Yes, I definitely "get it".

(http://rhishikeshagashe.com/wp-content/uploads/2017/08/BubbleChart-1024x688.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 18, 2018, 04:17:27 PM
Lol - arguing with a suspected gimmick of a suspected troll who has made profits which you suspect are not real on a topic which you have been objectively proven wrong about a currency which you think is fictional  = mental illness of peace - another ultimate self-owning right there Mr A :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 18, 2018, 04:27:52 PM
To be honest, I don't see the issue with GIB. Even if some of his claims are outlandish, the fact that he made money, is a good thing.

Why knock someone for investing and making some cash?

He's not spending it on drugs and gambling and alcohol.

Whether or not someone disagrees with GIB, clearly he is doing something right.

I do agree that some of his other claims are hard to believe without evidence (hes worth millions and makes 500K a year). But it seems totally plausible that he made cash with bitcoin.

All-in-all, there is always a chance that GIB is a GIMMICK!! This is getbig after all. But, damn, props for pulling off a 70 page gimmick! Wouln't that be a getbig record? lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dave D on January 18, 2018, 04:33:32 PM
Quote from: SF1900 on January 18, 2018, 04:27:52 PM
To be honest, I don't see the issue with GIB. Even if some of his claims are outlandish, the fact that he made money, is a good thing.

Why knock someone for investing and making some cash?

He's not spending it on drugs and gambling and alcohol.

Whether or not someone disagrees with GIB, clearly he is doing something right.

I do agree that some of his other claims are hard to believe without evidence (hes worth millions and makes 500K a year). But it seems totally plausible that he made cash with bitcoin.

All-in-all, there is always a chance that GIB is a GIMMICK!! This is getbig after all. But, damn, props for pulling off a 70 page gimmick! Wouln't that be a getbig record? lol

I don't think the issue is Gib made money, it's more that he made HUGE claims and then told us we were foolish for not buying bitcoins while he was selling off his investment.

Even when the price was at its peak he encouraged buying it yet he sold before they collapsed. It is disingenuous.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on January 18, 2018, 04:48:09 PM
Quote from: Dave D on January 18, 2018, 04:33:32 PM
I don't think the issue is Gib made money, it's more that he made HUGE claims and then told us we were foolish for not buying bitcoins while he was selling off his investment.

Even when the price was at its peak he encouraged buying it yet he sold before they collapsed. It is disingenuous.

Oh well, people make mistakes. He made a mistake.

But, of course, everyone on getbig is perfect and their claims are always 100% accurate.  ;D ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dave D on January 18, 2018, 04:59:45 PM
Quote from: gib on September 01, 2017, 06:34:17 AM
Hope all u guys got some. Soon will be able to retire and just chill and train when they get to 100k per coin.

First post.
Quote from: SF1900 on January 18, 2018, 04:48:09 PM
Oh well, people make mistakes. He made a mistake.

But, of course, everyone on getbig is perfect and their claims are always 100% accurate.  ;D ;D

He sold way before that. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on January 18, 2018, 05:23:51 PM
Quote from: gib on January 18, 2018, 03:50:11 PM
Agree 100%! - well its Getbig though afterall - but what amazes me is how some of the more financially savvy folks like Mr A really don't "get it" - and the rocks at powered trains is a perfect example!

Now just imagine how fukkin stupid they would feel if we think of some way to prove we are two different persons. I guess the silence would be similar to that one when btc will start rising again.

And yes, what amazes me is the fact these people blindly hate on something that is potentially of BENEFIT to their own life. Pure old school thinking in action and difficulties to adjust thought patterns (I guess that's when a person start to get old, as in mind).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dave D on January 18, 2018, 05:30:32 PM
Quote from: Zero2Hero on January 18, 2018, 05:23:51 PM
Now just imagine how fukkin stupid they would feel if we think of some way to prove we are two different persons. I guess the silence would be similar to that one when btc will start rising again.

And yes, what amazes me is the fact these people blindly hate on something that is potentially of BENEFIT to their own life. Pure old school thinking in action and difficulties to adjust thought patterns (I guess that's when a person start to get old, as in mind).

Post a picture of you two together. No one Will feel dumb, just like Gib doesn't feel bad for selling.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 18, 2018, 06:10:49 PM
Quote from: gib on January 18, 2018, 04:17:27 PM
Lol - arguing with a suspected gimmick of a suspected troll who has made profits which you suspect are not real on a topic which you have been objectively proven wrong about a currency which you think is fictional  = mental illness of peace - another ultimate self-owning right there Mr A :)

...

BLIPS TO 1 MILLION!   Sports cars for everyone!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 18, 2018, 06:12:23 PM
Quote from: Zero2Hero on January 18, 2018, 05:23:51 PM
Now just imagine how fukkin stupid they would feel if we think of some way to prove we are two different persons. I guess the silence would be similar to that one when btc will start rising again.

And yes, what amazes me is the fact these people blindly hate on something that is potentially of BENEFIT to their own life. Pure old school thinking in action and difficulties to adjust thought patterns (I guess that's when a person start to get old, as in mind).

lol 

This guy really is nuts
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 18, 2018, 06:15:35 PM
Quote from: Zero2Hero on January 18, 2018, 05:23:51 PM
Now just imagine how fukkin stupid they would feel if we think of some way to prove we are two different persons. I guess the silence would be similar to that one when btc will start rising again.

And yes, what amazes me is the fact these people blindly hate on something that is potentially of BENEFIT to their own life. Pure old school thinking in action and difficulties to adjust thought patterns (I guess that's when a person start to get old, as in mind).

Agree entirely!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on January 18, 2018, 06:37:19 PM
We really need an idea, now I really want to make some fun of these guys for ignoring valid points that I (think) I presented here (for a constructive discussion) and this childish finger pointing/derailing decent thoughts on the matter.
 If we come up with a way to prove we are TWO fukkin different individuals - some of you will feel pretty damn stupid (you will keep silent, actually)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on January 18, 2018, 06:40:18 PM
Quote from: Zero2Hero on January 18, 2018, 06:37:19 PM
We really need an idea, now I really want to make some fun of these guys for ignoring valid points that I (think) I presented here (for a constructive discussion) and this childish finger pointing/derailing decent thoughts on the matter.
 If we come up with a way to prove we are TWO fukkin different individuals - some of you will feel pretty damn stupid (you will keep silent, actually)

why would anyone give a fuk who u r, tard?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 18, 2018, 07:21:21 PM
Quote from: Mayday on January 18, 2018, 02:56:30 PM
The problem with prefacing things with the word 'possible' is that it then makes it a meaningless statement where if in the end the 'possible' outcome never eventuates the owner claims 'i never said it WOULD happen'. You might aswell stick with your 'bitcoin possibly to 1M' because it's equally as pointless as 'possibly 40k', 'possibly 100k'.

It's possible the price of oil will be up 20% by the end of the year.
It's possible the USD will crash 10% before June.

Both of those things i leave myself an escape route if i am wrong because i have NFI if i am right or wrong. It's just a guess.


I'll give you credit that at least you put skin in the game a while back in investing in bitcoin. It's more than most people did. But as said before, the entire basis on why you invested in bitcoin to begin with has not taken place. It was just hype which you acknowledged in the end a few pages ago.

One of the very BIG things yourself and the bitcoin ilk were adamant about was that it couldn't be banned or restricted because it was decentralised....... the opposite side argued TPTB will do whatever they want in order to have control of the end game whether it's banning, restricting, regulating, crashing the market etc.


Korea just banned them and the result was bitcoin crashed 45% and the other altcoins got smacked down much harder.

Remember the 'lessons learned' i mentioned to you?

Your and other's lesson here is that yes they can be banned. Yes they can be manipulated by TPTB. Yes it is bloody quick and it's bloody brutal.  

Now, head back to step 1 where you start with your rationale for why you invested and encourage others to invest in bitcoin. Ask yourself, whether that lesson learned have any impact your argument of bitcoin becoming a claimed 'global currency' and 'digital gold' ?


Just a quick reply as I missed this. Korea has not banned bitcoins (nor has China). I think you are confusing the possible regulation of bitcoin trading exchanges with the "banning" of the use of bitcoin as a currency - 2 very different concepts. (Its not just you who has had this misunderstanding by the way).

So actually there are 2 lessons here for you. First, is to actually understand what is happening, and not blindly believe what you read in mainstream press.

And secondly to understand that bitcoin (which is really just a pure function of a mathematical algorithm) cannot be stopped.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: JAGO on January 18, 2018, 07:30:15 PM
Excellent post.

J
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on January 18, 2018, 07:38:17 PM
Quote from: gib on January 18, 2018, 07:21:21 PM
understand what is happening

And secondly to understand that blockchain cannot be stopped.

::) at the first part, agree with the second.. I hate to say it, but the tech looks unstoppable at this point.

if someone wanted to obliterate blockchain... how could it be done?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 18, 2018, 09:47:58 PM
Quote from: gib on January 18, 2018, 07:21:21 PM
Just a  not blindly believe what you read in mainstream press.

And secondly to understand that bitcoin (which is really just a pure function of a mathematical algorithm) cannot be stopped.

So you dont believe the Korean govt is trying to reign it in or regulate it?  What about the anonymity that made it famous? Do you not think that is important anymore and people are happy to go legit and pay taxes?


You say things like it cant be stopped but you already sold out.  How can one be so strong minded but their actions show the opposite?  

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 18, 2018, 10:09:36 PM
Quote from: Mayday on January 18, 2018, 09:47:58 PM
So you dont believe the Korean govt is trying to reign it in or regulate it?  What about the anonymity that made it famous? Do you not think that is important anymore and people are happy to go legit and pay taxes?


You say things like it cant be stopped but you already sold out.  How can one be so strong minded but their actions show the opposite?  


Answers below:

1. The Korean Government is trying to regulate exchanges for sure (just like stock exchanges are regulated). As for regulating crypto itself, most countries already have regulations and law, which govern contracts, which is essentially all crypto really is. But bear in mind also, that every country is aware that regulation could also stifle innovation. So Korea has a real dilemma - does it allow crypto the crypto ecosystem to thrive and become a world leader, or does it risk innovation moving elsewhere.

2. The anonymity that made BTC famous of course continues to exist. Just like gold, or cash for that matter, if you exchange direct, anonymity can be preserved - indeed is even more so with bitcoin as you don't need to meet directly - the exchange is done in cyberspace. But if you trade via an exchange that follows KYC regulations (eg like the US regulated crypto exchanges) then yes, just like stock or gold traded over an exchange, there are records kept of buyer and sellers identities.

3. "You say things like it cant be stopped but you already sold out.  How can one be so strong minded but their actions show the opposite?" - Simply because something cannot be stopped does not make it inherently of good value. I took the view that prices had risen so fast, that it was a good time to lock in a gain. So basically as a new currency, we will have a continued upward cycle, but with very significant periods of volatility on the way up - so sell after big spikes, and buy on big dips.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 18, 2018, 11:09:22 PM
Quote from: Zero2Hero on January 18, 2018, 06:37:19 PM
We really need an idea, now I really want to make some fun of these guys for ignoring valid points that I (think) I presented here (for a constructive discussion) and this childish finger pointing/derailing decent thoughts on the matter.
 If we come up with a way to prove we are TWO fukkin different individuals - some of you will feel pretty damn stupid (you will keep silent, actually)



Yes, come up with "a way". It seems so impossible to post that wallet or a pic.


Until then - and we will be waiting a long time let's all face it....does this count as two meltdowns or one? I'm not sure what etiquette is on this one. I've never seen multiple personality disorder before.


(https://img.purch.com/w/660/aHR0cDovL3d3dy5saXZlc2NpZW5jZS5jb20vaW1hZ2VzL2kvMDAwLzAxMC8xMjEvb3JpZ2luYWwvMDYxMjExX251Y2xlYXJfaGYuanBn)


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 18, 2018, 11:10:27 PM
Quote from: Dave D on January 18, 2018, 05:30:32 PM
Post a picture of you two together. No one Will feel dumb, just like Gib doesn't feel bad for selling.


 ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 18, 2018, 11:54:52 PM
Quote from: gib on January 18, 2018, 10:09:36 PM
Answers below:

1. The Korean Government is trying to regulate exchanges for sure (just like stock exchanges are regulated). As for regulating crypto itself, most countries already have regulations and law, which govern contracts, which is essentially all crypto really is. But bear in mind also, that every country is aware that regulation could also stifle innovation. So Korea has a real dilemma - does it allow crypto the crypto ecosystem to thrive and become a world leader, or does it risk innovation moving elsewhere.

2. The anonymity that made BTC famous of course continues to exist. Just like gold, or cash for that matter, if you exchange direct, anonymity can be preserved - indeed is even more so with bitcoin as you don't need to meet directly - the exchange is done in cyberspace. But if you trade via an exchange that follows KYC regulations (eg like the US regulated crypto exchanges) then yes, just like stock or gold traded over an exchange, there are records kept of buyer and sellers identities.

3. "You say things like it cant be stopped but you already sold out.  How can one be so strong minded but their actions show the opposite?" - Simply because something cannot be stopped does not make it inherently of good value. I took the view that prices had risen so fast, that it was a good time to lock in a gain. So basically as a new currency, we will have a continued upward cycle, but with very significant periods of volatility on the way up - so sell after big spikes, and buy on big dips.


Thanks. It's rare when you type proper detail. i understand you mostly post to gee the others up so your words can be somewhat inflammatory lol. i do give your response some thought, especually regulatory impact vs black money and does it actually matter long term.

1. So are you saying regulation has already happened in Korea, US, Japan? They make up 85% of the market so really it all hinges on if you say they are already regulated. They say no.

2. Does this become less important as more people with clean money enter the market? I imagine so, what do yiu think?

3. As an absolute believer that bitcoin is 'the one'  to become the new global currency, what are your thoughts on the forks?  What do you think of competing cryptocurrencies that makes you feel none of them could do the job but bitcoin can?  

First to market is on BTC's side but that doesnt mean much to the Finance sector. Or do you feel 'the people' will determine it is Bitcoin 'the chosen one' forcing all global financial systems to adopt against their will? In other words do you feel the people have more power to determine the outcome than banks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 19, 2018, 12:30:50 AM
Quote from: Mayday on January 18, 2018, 11:54:52 PM
Thanks. It's rare when you type proper detail. i understand you mostly post to gee the others up so your words can be somewhat inflammatory lol. i do give your response some thought, especually regulatory impact vs black money and does it actually matter long term.

1. So are you saying regulation has already happened in Korea, US, Japan? They make up 85% of the market so really it all hinges on if you say they are already regulated. They say no.

2. Does this become less important as more people with clean money enter the market? I imagine so, what do yiu think?

3. As an absolute believer that bitcoin is 'the one'  to become the new global currency, what are your thoughts on the forks?  What do you think of competing cryptocurrencies that makes you feel none of them could do the job but bitcoin can?  

First to market is on BTC's side but that doesnt mean much to the Finance sector. Or do you feel 'the people' will determine it is Bitcoin 'the chosen one' forcing all global financial systems to adopt against their will? In other words do you feel the people have more power to determine the outcome than banks.

Regulation of crypto currency exchanges has happened in US and Korea already. And in China the "regulation" for now, of exchanges, consists of an outright ban. And regulation will happen in many more countries over the next few years. Query whether that is a negative thing, or a positive thing long term, in term of legitimizing BTC. Japan on the other hand is taking a relatively hands off approach, which in turn is why so much trading now flows through Japan.

As a decentralised system, BTC cannot be killed. Lke capital, it will flow to where it is appreciated globally. So a country can choose to be part of that technological innovation or on the other side of the table. In Europe we will soon see France and Germany regulate - this is going to be very interesting, and I think potentially very positive (though viewed as negative in the short term - so maybe a great buying opportunity on an irrational "panic dip".

Will answer the rest in a little later. Very late here - need to zzzzzzzzzzzzzzzzzzzzzzzz zz
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on January 19, 2018, 02:34:06 AM
Quote from: Zillotch on January 18, 2018, 06:40:18 PM
why would anyone give a fuk who u r, tard?

Some obviously are already obsessed with guessing, c.unt
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on January 19, 2018, 04:54:31 AM
Quote from: Zero2Hero on January 19, 2018, 02:34:06 AM
Some obviously are already obsessed with guessing, c.unt

ok 'hero'... lets say that someone actually does give a fuk about u (they dont, really)... why would u care?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on January 19, 2018, 05:11:09 AM
Quote from: Zillotch on January 18, 2018, 07:38:17 PM
if someone wanted to obliterate blockchain... how could it be done?

it cant be... that should bother people, lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: JAGO on January 19, 2018, 12:26:51 PM
Bitcoin, along with its cryptocurrency companions, has dropped massively in the past two days.
For those holding on to their coins for dear life, it's been a loss of roughly 34%. For the Winklevoss twins, who hold an estimated 120,000 bitcoins, that comes to a loss of about $600 million.
The twins, who famously sued Facebook founder Mark Zuckerberg, bought their original bitcoins with part of the $65 million settlement from the case. The coins were worth less than $10 a piece back then.

Now, Bitcoin is trading below $10,000 for the first time since November. The currency has seen a colossal drop after fears of a South Korean crackdown spooked investors on Thursday. The country is reportedly working on a bill that would shut down exchanges in the country.
Russian President Vladimir Putin has also hinted that a crackdown in Russia is on the horizon. The president was reported saying that tighter regulations would be "definitely required" soon.
The Winklevoss bitcoin fortune seemed to top out around $1.3 billion in mid-December. With this week's losses, it would sit closer to $700 million. To be sure, the Winklevoss twins have not publically disclosed the exact number of bitcoins they hold, and the twins could have sold a number of coins to realize their gains. And of course the bulk of their wealth was created by the rapid rise of bitcoin prices.
Besides holding the digital assets, the Winklevoss twins founded their own bitcoin exchange called Gemini. The exchange worked with Cboe to launch its bitcoin futures contracts in December. The exchange has been plagued by regular outages before and after the launch of the contracts.
Other cryptos were not exempt from what pundits have been calling a bloodbath. Most of the major cryptocurrencies are down by double digits this week.

Track the price of all the major cryptos here.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 19, 2018, 12:45:45 PM
Quote from: JAGO on January 19, 2018, 12:26:51 PM
Bitcoin, along with its cryptocurrency companions, has dropped massively in the past two days.
For those holding on to their coins for dear life, it's been a loss of roughly 34%. For the Winklevoss twins, who hold an estimated 120,000 bitcoins, that comes to a loss of about $600 million.
The twins, who famously sued Facebook founder Mark Zuckerberg, bought their original bitcoins with part of the $65 million settlement from the case. The coins were worth less than $10 a piece back then.

Now, Bitcoin is trading below $10,000 for the first time since November. The currency has seen a colossal drop after fears of a South Korean crackdown spooked investors on Thursday. The country is reportedly working on a bill that would shut down exchanges in the country.
Russian President Vladimir Putin has also hinted that a crackdown in Russia is on the horizon. The president was reported saying that tighter regulations would be "definitely required" soon.
The Winklevoss bitcoin fortune seemed to top out around $1.3 billion in mid-December. With this week's losses, it would sit closer to $700 million. To be sure, the Winklevoss twins have not publically disclosed the exact number of bitcoins they hold, and the twins could have sold a number of coins to realize their gains. And of course the bulk of their wealth was created by the rapid rise of bitcoin prices.
Besides holding the digital assets, the Winklevoss twins founded their own bitcoin exchange called Gemini. The exchange worked with Cboe to launch its bitcoin futures contracts in December. The exchange has been plagued by regular outages before and after the launch of the contracts.
Other cryptos were not exempt from what pundits have been calling a bloodbath. Most of the major cryptocurrencies are down by double digits this week.

Track the price of all the major cryptos here.

https://bitcoinist.com/impossible-close-exchanges-say-south-korean-regulators/

Contrary to multiple fearmongering reports on mainstream news sites, including Reuters, Bloomberg, and CNBC, South Korea will not close crypto exchanges. In fact, according to the chairman of the South Korean Fair Trade Commission, Kim Sang-jo, closing exchanges is “impossible in reality.” It was reported earlier today that he said this in a CBS radio interview.

Bitcoin is still over 11k that article of yours is inaccurate.

Regarding Russia:

https://www.financemagnates.com/cryptocurrency/news/draft-russian-crypto-bill-legalize-trading-approved-exchanges/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on January 19, 2018, 05:18:11 PM
People talking about bans just doesn't know what are they talking about.

And.. BTC is still above 11k. Can someone remind me how exactly it has "failed"?

3k merely year ago seemed like a miracle, and it is four times that currently.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 19, 2018, 06:14:45 PM
Quote from: Zero2Hero on January 19, 2018, 05:18:11 PM
People talking about bans just doesn't know what are they talking about.

And.. BTC is still above 11k. Can someone remind me how exactly it has "failed"?

3k merely year ago seemed like a miracle, and it is four times that currently.

Exactly. Yet Mr A thinks it’s all an illusion :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on January 19, 2018, 06:34:26 PM
some people deserve whats coming... they really do.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on January 22, 2018, 05:45:20 AM
The below excerpt is a complete contradiction to Mr. Gibs prediction of 40K by the end of 2018.   :-\

https://cointelegraph.com/news/bitcoin-to-drop-as-low-as-1000-this-year-wall-street-cio-predicts

Bitcoin To Drop As Low As $1000 This Year, Wall Street CIO Predicts

Peter Boockvar, the Chief Investment Officer at Bleakley Advisory Group, sees the potential for Bitcoin (BTC) to be around for a long time, but with a significant price drop coming when the Bitcoin bubble bursts, according to CNBC.

Boockvar sees a possible 70 to 90 percent price drop for Bitcoin this year, saying:

“Over the next year I wouldn’t be surprised if it’s [BTC] down to $1,000 to $3,000.”

When asked if the stock market would crash in the event of a significant fall in Bitcoin’s price, Boockvar said that any corresponding drop would just be psychological, because Bitcoin is “not something that really is that relevant in a 19 trillion dollar economy.”
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on January 22, 2018, 06:26:08 AM
Quote from: Twaddle on January 22, 2018, 05:45:20 AM
The below excerpt is a complete contradiction to Mr. Gibs prediction of 40K by the end of 2018.   :-\

https://cointelegraph.com/news/bitcoin-to-drop-as-low-as-1000-this-year-wall-street-cio-predicts

Bitcoin To Drop As Low As $1000 This Year, Wall Street CIO Predicts

Peter Boockvar, the Chief Investment Officer at Bleakley Advisory Group, sees the potential for Bitcoin (BTC) to be around for a long time, but with a significant price drop coming when the Bitcoin bubble bursts, according to CNBC.

Boockvar sees a possible 70 to 90 percent price drop for Bitcoin this year, saying:

“Over the next year I wouldn’t be surprised if it’s [BTC] down to $1,000 to $3,000.”

When asked if the stock market would crash in the event of a significant fall in Bitcoin’s price, Boockvar said that any corresponding drop would just be psychological, because Bitcoin is “not something that really is that relevant in a 19 trillion dollar economy.”

There is also many people in the financial area who believe bitcoin will be 50-100k this year.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on January 22, 2018, 08:29:00 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 22, 2018, 01:15:22 PM
Quote from: gib on January 19, 2018, 06:14:45 PM
Exactly. Yet Mr A thinks it’s all an illusion :)

Your brain is an illusion.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on January 22, 2018, 01:30:24 PM
Quote from: Mr Anabolic on January 22, 2018, 01:15:22 PM
Your brain is an illusion.

your brain... is superior to, a quantum computer
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: JAGO on January 22, 2018, 02:38:45 PM
Quote from: obsidian on January 19, 2018, 12:45:45 PM
https://bitcoinist.com/impossible-close-exchanges-say-south-korean-regulators/

Contrary to multiple fearmongering reports on mainstream news sites, including Reuters, Bloomberg, and CNBC, South Korea will not close crypto exchanges. In fact, according to the chairman of the South Korean Fair Trade Commission, Kim Sang-jo, closing exchanges is “impossible in reality.” It was reported earlier today that he said this in a CBS radio interview.

Bitcoin is still over 11k that article of yours is inaccurate.

Regarding Russia:

https://www.financemagnates.com/cryptocurrency/news/draft-russian-crypto-bill-legalize-trading-approved-exchanges/

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 22, 2018, 02:40:48 PM
Quote from: JAGO on January 22, 2018, 02:38:45 PM


Where does JAGO see the price going in 3 days?

Kind of chickenshit to dig back on a persons post days after the fact.

It's like going out and picking up the monday morning paper and talking trash about all the pre-game sunday predictions.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: JAGO on January 22, 2018, 02:55:09 PM
How the fuck do I know. I posted that because someone said the article I posted was inaccurate. Just posted a supporting graphic. John McAfee is heavily invested . . . he's a big shooter, a fucken genius. The Winklevoss girls are just opportunists and have lost close to a billion ( some say $600,000,000 each.)

I use bitcoin to buy goods and services from vendors off of the " Dark Web " however I am not invested. If they drop to a thousand, I'll get 5 or 10 depending how I am fixed with savings at that point.

J
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 22, 2018, 03:00:14 PM
Quote from: JAGO on January 22, 2018, 02:55:09 PM
How the fuck do I know. I posted that because someone said the article I posted was inaccurate. Just posted a supporting graphic. John McAfee is heavily invested . . . he's a big shooter, a fucken genius. The Winklevoss girls are just opportunists and have lost close to a billion ( some say $600,000,000 each.)

I use bitcoin to buy goods and services from vendors off of the " Dark Web " however I am not invested. If they drop to a thousand, I'll get 5 or 10 depending how I am fixed with savings at that point.

J

If it dips to 8k I am thinking about about buying myself.

Still holding strong onto my Ethereum purchase back in November ($370)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 22, 2018, 03:05:30 PM
Quote from: JAGO on January 22, 2018, 02:55:09 PM
How the fuck do I know. I posted that because someone said the article I posted was inaccurate. Just posted a supporting graphic. John McAfee is heavily invested . . . he's a big shooter, a fucken genius. The Winklevoss girls are just opportunists and have lost close to a billion ( some say $600,000,000 each.)

I use bitcoin to buy goods and services from vendors off of the " Dark Web " however I am not invested. If they drop to a thousand, I'll get 5 or 10 depending how I am fixed with savings at that point.

J

The Twinkletoe twins are pumptards.  They deserve to lose ALL their money.

I look forward to watching McAfee eat his dick.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: JAGO on January 22, 2018, 03:07:41 PM
Quote from: Mr Anabolic on January 22, 2018, 03:05:30 PM
The Twinkletoe twins are pumptards.  They deserve to lose ALL their money.

I look forward to watching McAfee eat his dick.

I have every confidence that you'd enjoy watching a guy with a dick in his mouth.

J
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 22, 2018, 03:08:28 PM
Quote from: Mr Anabolic on January 22, 2018, 03:05:30 PM
The Twinkletoe twins are pumptards.  They deserve to lose ALL their money.

I look forward to watching McAfee eat his dick.

Does bitcoin ultimately go to 0, Mr. Anabolic?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 22, 2018, 03:59:34 PM
Quote from: polychronopolous on January 22, 2018, 03:08:28 PM
Does bitcoin ultimately go to 0, Mr. Anabolic?

Not in the short term it won't.  Price predictions and timing is very difficult with irrational manias and bubbles, but you can clearly see that the air coming out.  I believe the blipcoin whales are buying dips to prevent the price from dropping below $10K.  If you notice though, the big selloffs are not as aggressively bought as they were in the past.

Governments are starting to crack down.  The SEC is starting to get involved.  When TPTB enact drastic laws as I predicted, they could go to 0 pretty quickly.  Once 'Fedcoin' comes out, all non-official cryptos will be deemed illegal/worthless.  

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 22, 2018, 04:00:39 PM
Quote from: JAGO on January 22, 2018, 03:07:41 PM
I have every confidence that you'd enjoy watching a guy with a dick in his mouth.
J

3rd grade humor.  McAfee said it, not me.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on January 22, 2018, 04:05:01 PM
blockchain will invade every aspect of your life.. avoid it, if u can
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: JAGO on January 23, 2018, 12:25:54 PM
Quote from: Mr Anabolic on January 22, 2018, 04:00:39 PM
3rd grade humor.  McAfee said it, not me.

 :'(

J
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Taffin on January 28, 2018, 06:33:25 AM
First 'virtual' robbery in the UK?  Well, it's an actual robbery isn't it, but you get what I mean...


"The very first UK Bitcoin robbery occurred when four armed men broke into a home and forced a crypto trader to transfer a “fortune” in Bitcoin.

The meteoric rise of Bitcoin over the course of 2017 featured a number of positive effects. A lot of people made a good deal of money, and media and public interest in cryptocurrency reached new heights. However, a downside to such attention is that criminals now see physically stealing Bitcoin or money used to buy crypto as a viable way to make money. A family in the UK found this out the hard way when four armed men broke into their home and forced the husband to transfer his bitcoins.

It’s being called the first Bitcoin robbery in the UK, and it took place in Moulsford, Oxfordshire, a wealthy enclave, during the morning hours. The criminals broke into the home belonging to a cryptocurrency trader and his family.

The criminals were armed with handguns and wearing balaclavas. They tied up the trader’s wife and put the couple’s baby outside in a pram before forcing the trader to transfer over a “fortune” in bitcoins. (The exact amount that was stolen has not been disclosed.)

The criminals then fled, and the police manhunt began immediately after. A police helicopter was used in an effort to locate the hoodlums, but to no avail."

https://bitcoinist.com/masked-gunmen-steal-fortune-bitcoin-daylight-uk-robbery/ (https://bitcoinist.com/masked-gunmen-steal-fortune-bitcoin-daylight-uk-robbery/)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 28, 2018, 03:56:22 PM
Quote from: Taffin on January 28, 2018, 06:33:25 AM
First 'virtual' robbery in the UK?  Well, it's an actual robbery isn't it, but you get what I mean...


"The very first UK Bitcoin robbery occurred when four armed men broke into a home and forced a crypto trader to transfer a “fortune” in Bitcoin.

The meteoric rise of Bitcoin over the course of 2017 featured a number of positive effects. A lot of people made a good deal of money, and media and public interest in cryptocurrency reached new heights. However, a downside to such attention is that criminals now see physically stealing Bitcoin or money used to buy crypto as a viable way to make money. A family in the UK found this out the hard way when four armed men broke into their home and forced the husband to transfer his bitcoins.

It’s being called the first Bitcoin robbery in the UK, and it took place in Moulsford, Oxfordshire, a wealthy enclave, during the morning hours. The criminals broke into the home belonging to a cryptocurrency trader and his family.

The criminals were armed with handguns and wearing balaclavas. They tied up the trader’s wife and put the couple’s baby outside in a pram before forcing the trader to transfer over a “fortune” in bitcoins. (The exact amount that was stolen has not been disclosed.)

The criminals then fled, and the police manhunt began immediately after. A police helicopter was used in an effort to locate the hoodlums, but to no avail."

https://bitcoinist.com/masked-gunmen-steal-fortune-bitcoin-daylight-uk-robbery/ (https://bitcoinist.com/masked-gunmen-steal-fortune-bitcoin-daylight-uk-robbery/)

We will definitely see more of this type of robbery occurring. It’s the equivalent of forcing a person to open their safe and stealing their gold coins or cash...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on January 29, 2018, 08:04:11 AM
1/2’billion stolen from Japan exchange. What a farce. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on January 29, 2018, 08:55:00 AM
Quote from: Taffin on January 28, 2018, 06:33:25 AM

The criminals were armed with handguns and wearing balaclavas.


Da fuq?

Must have been a sticky situation?  ;D


(https://www.levanacooks.com/wp-content/uploads/2015/02/Baklava-Levanacooks.jpg)



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tres_taco_combo on January 29, 2018, 11:41:25 AM
it seems like the rapid appreciation of value days are done?

ripple seems to be stuck in a trading range - ?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 29, 2018, 09:36:32 PM
Looks like BTC has stablized at around 11K. Only 1100% or so above beginning 2017 prices.  A period of stabilization will be of great value in terms of supporting future longer term gains.

On a related note see: www.cnbc.com/2018/01/29/more-than-1-million-people-sign-up-for-early-access-to-robinhoods-new-crypto-trading-service.html (http://www.cnbc.com/2018/01/29/more-than-1-million-people-sign-up-for-early-access-to-robinhoods-new-crypto-trading-service.html)

Only imaginary money (of peace) if you want it to be...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on January 29, 2018, 09:56:48 PM
Quote from: tres_taco_combo on January 29, 2018, 11:41:25 AM
it seems like the rapid appreciation of value days are done?

ripple seems to be stuck in a trading range - ?



lol.Its been 2 weeks dude, markets go in cycles, bull and bear market, this is the bear market.If everything just went up and up when it did crash the market would never recover.Healthy corrections are good for the market.Wild swings in crypto are the norm, zoom out of the chart.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 29, 2018, 10:06:14 PM
Quote from: Army of One on January 29, 2018, 09:56:48 PM
lol.Its been 2 weeks dude, markets go in cycles, bull and bear market, this is the bear market.If everything just went up and up when it did crash the market would never recover.Healthy corrections are good for the market.Wild swings in crypto are the norm, zoom out of the chart.

Lol, yes agree, people here seem so short term focused. "Its going up" they all say one day then the next "its going down". So silly.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 30, 2018, 05:02:13 AM
Quote from: gib on January 29, 2018, 10:06:14 PM
Lol, yes agree, people here seem so short term focused. "Its going up" they all say one day then the next "its going down". So silly.

You're not short focused?  You claim to have "sold into the hype" (your words).  You also claimed 100 times on this thread that blips are going to $100K and $1 million.  Why did you sell then?  Because you are a bliptard Ponzi pumper and dumper, that's why.  

"Fear" phase is next

(http://rhishikeshagashe.com/wp-content/uploads/2017/08/BubbleChart-1024x688.jpg)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 30, 2018, 06:01:33 AM
Quote from: Mr Anabolic on January 30, 2018, 05:02:13 AM
You're not short focused?  You claim to have "sold into the hype" (your words).  You also claimed 100 times on this thread that blips are going to $100K and $1 million.  Why did you sell then?  Because you are a bliptard Ponzi pumper and dumper, that's why.  

"Fear" phase is next

(http://rhishikeshagashe.com/wp-content/uploads/2017/08/BubbleChart-1024x688.jpg)



The graph of Bitcoin prices really does look like a textbook bubble.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 30, 2018, 07:34:34 AM
Quote from: Mr Anabolic on January 30, 2018, 05:02:13 AM
You're not short focused?  You claim to have "sold into the hype" (your words).  You also claimed 100 times on this thread that blips are going to $100K and $1 million.  Why did you sell then?  Because you are a bliptard Ponzi pumper and dumper, that's why.  

"Fear" phase is next

(http://rhishikeshagashe.com/wp-content/uploads/2017/08/BubbleChart-1024x688.jpg)



Already explained why I sold. And lol (or maybe I should be honoured) that you think I was able to do a pump and dump with my little comments here on getbig lol. Nonsense of course but even assuming this was what I was doing my “scheme” as you call it was much successful than your gold and silver pump and dump scheme (which as you know went basically nowhere).

By the way gold is damn heavy. I bought a bunch and have buried some in the garden and now have a bunch of coins also stashed inside for easy access but after Btc it all really seems so cumbersome, especially for someone who travels so much.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 30, 2018, 07:39:31 AM
Quote from: gib on January 30, 2018, 07:34:34 AM
Already explained why I sold. And lol (or maybe I should be honoured) that you think I was able to do a pump and dump with my little comments here on getbig lol. Nonsense of course but even assuming this was what I was doing my “scheme” as you call it was much successful than your gold and silver pump and dump scheme (which as you know went basically nowhere).

By the way gold is damn heavy. I bought a bunch and have buried some in the garden and now have a bunch of coins also stashed inside for easy access but after Btc it all really seems so cumbersome, especially for someone who travels so much.

LOL!

I pump nothing, just explain which assets are real and undervalued versus a worthless Ponzi bubble pump and dump perceived asset.

Seriously, you have mental issues.  Get yourself checked.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 30, 2018, 10:33:20 AM
Quote from: Mr Anabolic on January 30, 2018, 07:39:31 AM
LOL!

I pump nothing, just explain which assets are real and undervalued versus a worthless Ponzi bubble pump and dump perceived asset.

Seriously, you have mental issues.  Get yourself checked.

You seem very jealous that I got in and out and made a very nice profit and have consistently been proving you wrong on this topic.

Gold and silver are both massively above value in terms of actual use. The rest is purely speculative. Just like Btc is.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 30, 2018, 10:37:46 AM
Gold does feel nice though when you hold it I’ll give you that.

I bought 2018 Canadian maples.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 30, 2018, 10:38:55 AM
But at 100 coins actually pretty heavy and not overly practical to carry around.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 30, 2018, 10:53:52 AM
Quote from: gib on January 30, 2018, 10:33:20 AM
You seem very jealous that I got in and out and made a very nice profit and have consistently been proving you wrong on this topic.

Gold and silver are both massively above value in terms of actual use. The rest is purely speculative. Just like Btc is.

oh, i'm so jealous... oh, i'm so wrong... oh, you're so rich... oh i wish could be just like the gibtard... oh.  

That's all you've got?  lol

You said about 60 pages ago that blipcoins were not speculative... it was the future... a revolution... you promised every one would be a millionaire if they just bought 1 blipcoin.  If you're memory is bad I can pull your quotes for every single one of these.

Do you hit yourself in the head on occasion?... because you're a lot like him, except he wasn't delusional.

(https://i.pinimg.com/originals/d9/ff/89/d9ff89c0a3b568237c07cfdb4e0bbcbf.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 30, 2018, 10:58:37 AM
Quote from: gib on January 30, 2018, 10:37:46 AM
Gold does feel nice though when you hold it I’ll give you that.

I bought 2018 Canadian maples.


So, you argue with me for 60-70 pages how gold is just a valueless hunk of metal... then you buy some (or claimed to buy it).

 
 ??? ::) ??? ::)


All you gotta do is say "you're right Mr A".   that's all you gotta do.  


BTW, blips just fell below 10K. 


Never forget... "Blips to 1 million!" 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 30, 2018, 11:49:10 AM
Imaginary gold of peace. Only an illusion if you want it to be...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on January 30, 2018, 11:54:59 AM
Quote from: gib on January 30, 2018, 10:38:55 AM
But at 100 coins actually pretty heavy and not overly practical to carry around.

You bought 100 Canadian Maples?   :o

Baller status!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 30, 2018, 12:01:13 PM
Yep. Bought 50 first. Then decided to buy another 50. So carried 100 home. Pretty heavy walking along with these coins!

Never been a fan of gold as an investment but I believe we may see some upside and some new school crypto investors go old school.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 30, 2018, 12:33:01 PM
Quote from: Mr Anabolic on January 30, 2018, 10:53:52 AM
oh, i'm so jealous... oh, i'm so wrong... oh, you're so rich... oh i wish could be just like the gibtard... oh.  

That's all you've got?  lol

You said about 60 pages ago that blipcoins were not speculative... it was the future... a revolution... you promised every one would be a millionaire if they just bought 1 blipcoin.  If you're memory is bad I can pull your quotes for every single one of these.

Do you hit yourself in the head on occasion?... because you're a lot like him, except he wasn't delusional.

(https://i.pinimg.com/originals/d9/ff/89/d9ff89c0a3b568237c07cfdb4e0bbcbf.jpg)

The whole world economy is a pyramid scheme lol! Have you checked the DOW recently? The entire economy is based on speculation.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 30, 2018, 12:34:15 PM
Quote from: gib on January 30, 2018, 12:01:13 PM
Yep. Bought 50 first. Then decided to buy another 50. So carried 100 home. Pretty heavy walking along with these coins!

Never been a fan of gold as an investment but I believe we may see some upside and some new school crypto investors go old school.
Do you still have anything left in your crypto portfolio? Besides Bitcoin? What about some of the altcoins?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 30, 2018, 12:50:16 PM
So, it took 80s pages to prove that gold was better than crypto but we all made it.  ::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Ted SuperSet on January 30, 2018, 12:58:01 PM
Quote from: gib on January 30, 2018, 11:49:10 AM
Imaginary gold of peace. Only an illusion if you want it to be...



LOL!! Certain membes crying themselves to sleep tonight!!!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Ted SuperSet on January 30, 2018, 01:05:14 PM
Quote from: Mr Anabolic on January 30, 2018, 10:53:52 AM
oh, i'm so jealous... oh, i'm so wrong... oh, you're so rich... oh i wish could be just like the gibtard... oh.  

That's all you've got?  lol

You said about 60 pages ago that blipcoins were not speculative... it was the future... a revolution... you promised every one would be a millionaire if they just bought 1 blipcoin.  If you're memory is bad I can pull your quotes for every single one of these.

Do you hit yourself in the head on occasion?... because you're a lot like him, except he wasn't delusional.

(https://i.pinimg.com/originals/d9/ff/89/d9ff89c0a3b568237c07cfdb4e0bbcbf.jpg)

(https://s18.postimg.org/pfmrtpu1l/Image.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Ted SuperSet on January 30, 2018, 01:06:34 PM
Quote from: Mr Anabolic on January 30, 2018, 05:02:13 AM
You're not short focused?  You claim to have "sold into the hype" (your words).  You also claimed 100 times on this thread that blips are going to $100K and $1 million.  Why did you sell then?  Because you are a bliptard Ponzi pumper and dumper, that's why.  

"Fear" phase is next

(http://rhishikeshagashe.com/wp-content/uploads/2017/08/BubbleChart-1024x688.jpg)




(https://s18.postimg.org/pfmrtpu1l/Image.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on January 30, 2018, 02:03:13 PM
Quote from: Mr Anabolic on January 30, 2018, 05:02:13 AM
You're not short focused?  You claim to have "sold into the hype" (your words).  You also claimed 100 times on this thread that blips are going to $100K and $1 million.  Why did you sell then?  Because you are a bliptard Ponzi pumper and dumper, that's why.  

"Fear" phase is next

(http://rhishikeshagashe.com/wp-content/uploads/2017/08/BubbleChart-1024x688.jpg)



(https://s18.postimg.org/pfmrtpu1l/Image.jpg)


Oh, and I'm pretty happy about current price of "blipcoins", it enables my bussiness to run better, less fluctuations, more volume, it's all good. You are missing the forest for the trees Mr.Analbolic
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on January 30, 2018, 02:23:53 PM
gold is so pretty and appealing, lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: manuelsonn on January 30, 2018, 03:13:25 PM
So blipcoin uberzealot gib has sold all his virtual coins and buyed gold??! How come?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dave D on January 30, 2018, 03:50:32 PM
Quote from: manuelsonn on January 30, 2018, 03:13:25 PM
So blipcoin uberzealot gib has sold all his virtual coins and buyed gold??! How come?

I thought gold was inferior to bitcoin? An old and worthless currency.


WHAT IS GOING ON HERE?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 30, 2018, 04:48:10 PM
Quote from: SOMEPARTS on January 30, 2018, 12:50:16 PM
So, it took 80s pages to prove that gold was better than crypto but we all made it.  ::)

I except that gold wasn’t better was it. Bitcoin close to 1000% increase over last year and gold basically flat :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 30, 2018, 04:50:09 PM
Quote from: Dave D on January 30, 2018, 03:50:32 PM
I thought gold was inferior to bitcoin? An old and worthless currency.


WHAT IS GOING ON HERE?

In many was yes gold is inferiors. Old? Well yes older that bitcoin. Worthless - yes pretty much just like bitcoin,
it has no inherent value.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 30, 2018, 05:04:20 PM
Blips to 1 MILLION!

oh wait...

$9600
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 30, 2018, 06:48:14 PM
Fake bank account of peace - it’s only an illusion if you want it to be.

Oh and yes someone has finally learned how to post photos :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dave D on January 30, 2018, 06:49:42 PM
Quote from: gib on January 30, 2018, 04:50:09 PM
In many was yes gold is inferiors. Old? Well yes older that bitcoin. Worthless - yes pretty much just like bitcoin,
it has no inherent value.

Gib what do you mean by no inherent value? It's a physical commodity that has intrinsic value.

Bitcoin is like all currency it's value is based on the "gold standard".  I get your point that nothing has real value unless man puts value behind it,  but gold has value because of its scarcity  (much like bitcoin).

Again kudos on your windfall.

You have $30 million in the bank and you didn't wait out bitcoin coming back up?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 30, 2018, 06:56:43 PM
Quote from: gib on January 30, 2018, 06:48:14 PM
Fake bank account of peace - it’s only an illusion if you want it to be.

Oh and yes someone has finally learned how to post photos :)


I finally got to him.  He couldn't take it anymore.

"Stock quotes"?  That is $30 mil as available margin in a stock trading account, not a liquid account.   What is the liquid bank account amount?

Still doesn't prove anything about your blips though.  Where is your blipcoin sale/profit transaction?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 30, 2018, 07:06:05 PM
Quote from: Dave D on January 30, 2018, 06:49:42 PM
Gib what do you mean by no inherent value? It's a physical commodity that has intrinsic value.

Bitcoin is like all currency it's value is based on the "gold standard".  I get your point that nothing has real value unless man puts value behind it,  but gold has value because of its scarcity  (much like bitcoin).

Again kudos on your windfall.

You have $30 million in the bank and you didn't wait out bitcoin coming back up?

Still no proof of the blipcoin transaction though.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 30, 2018, 07:12:28 PM
Quote from: Mr Anabolic on January 30, 2018, 06:56:43 PM
I finally got to him.  He couldn't take it anymore.

30 mill in one bank huh?  Very risky.

Still doesn't prove anything about your blips though.  Where is your blipcoin sale/profit transaction?

Lol Mr A - always the skeptic and critic aren't you!:) I actually was trying to post earlier, but iphone can't post to GetBig. So had to convert pix to gif, then reduce pixel size, etc - finally worked out how to do it.

You also have not asked for proof of my car that I was going to buy - broom broom, blip blip... (maybe a little youtube video will be coming your way soon...) - only imaginary if you want it to be...

Are all my funds in one account? of course not - I have spread across numerous banks, countries etc. Very aware of risk - I make money, not lose it (rule #1).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 30, 2018, 07:17:42 PM
Quote from: gib on January 30, 2018, 07:12:28 PM
Lol Mr A - always the skeptic and critic aren't you!:) I actually was trying to post earlier, but iphone can't post to GetBig. So had to convert pix to gif, then reduce pixel size, etc - finally worked out how to do it.

You also have not asked for proof of my car that I was going to buy - broom broom, blip blip... (maybe a little youtube video will be coming your way soon...) - only imaginary if you want it to be...

Are all my funds in one account? of course not - I have spread across numerous banks, countries etc. Very aware of risk - I make money, not lose it (rule #1).

Looks like some type of margin account.   30 mil in one bank huh?  That's dumb.

Your blips are still imaginary until you provide proof of the transaction.     

Lambos for everyone in this thread.  You can be like Oprah.

Don't forget... Blips to 1 million!   
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 30, 2018, 07:26:19 PM
Quote from: Dave D on January 30, 2018, 06:49:42 PM
Gib what do you mean by no inherent value? It's a physical commodity that has intrinsic value.

Bitcoin is like all currency it's value is based on the "gold standard".  I get your point that nothing has real value unless man puts value behind it,  but gold has value because of its scarcity  (much like bitcoin).

Again kudos on your windfall.

You have $30 million in the bank and you didn't wait out bitcoin coming back up?

Thanks man - I explained (around 200+ posts back why I sold most of my BTC) - I still have a single coin that I will keep for life and some "small change" - also some ETH and BCC. I think BTC does have potential for a good long term future and I will rebuy at some point - but I became uncomfortable with the speed of the recent rise, and then the correction. I don't like losing money, so locked in the gains (which in hindsight turned out well). So even though I could afford to lose the lot, I don't like losing! But again, I do think its worth holding some long term, for many reasons.

In terms of value, there are some commodities that have a value that truley reflect their use in terms of both production cost and end-user consumption (eg iron, copper, coffee, pork bellies etc). Even with these there is some amount of speculative value, but that relates more to predictions of how demand and production costs will be affected by various factors. With gold (and BTC by the way), there is both a production cost and there is a utility for both too (gold is used in some electronic devices for example, and BTC is used for transactions) - but in both cases their value far far exceeds their true value based on actual use. Both gold and BTC's values are by a very large factor based on a collective agreement among a group of people to attribute a value to them as a store of value, based primarily on scarcity, among other factors. And that value, is entirely subjective and detached from actual use value - so BTC (and gold for that matter) are basically impossible to value. They best metric I would use as an investor of in them would be to try to predict the direction of the relevant portion of potential buyers perceptions and demand for them.  I believe that there is a possibility that the infrastructure and philosophy around the new (usually young generation of crypto buyers) may eventually come around full circle and generate a new generation of people also interested in gold (and perhaps most importantly this new generation is fully plugged in to social media, which can help to very quickly create demand in an exponential way, for a new asset class..

OK - long rant - gotta go - hope that helps!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: manuelsonn on January 30, 2018, 08:58:51 PM
So uberzealotblipcoin gob capitalized on a ponzi scheme and then buyed gold? Seems like a true investor to me.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on January 30, 2018, 10:37:43 PM
the bitcoin and cryptocurrency fad is over , mr anabolic has been correct the whole time , gib was saying bitcoin was going to a million dollars and telling everyone to buy at at high prices which is extremely reckless , and then sells out
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on January 31, 2018, 12:04:21 AM
Quote from: jr on January 30, 2018, 11:01:04 PM
(https://everipedia-storage.s3-accelerate.amazonaws.com/ProfilePics/carlos-matos__02520.gif)
(https://thumbs.gfycat.com/DelayedSillyImpala-size_restricted.gif)

another scam
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 31, 2018, 12:35:02 AM
Bit Coin Cash (not bitconnect). Yes bitconnect is a outright ponzi scam. I
mentioned that many pages ago.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: be back on January 31, 2018, 12:46:59 AM
Quote from: Dave D on January 30, 2018, 06:49:42 PM
Gib what do you mean by no inherent value? It's a physical commodity that has intrinsic value.

Bitcoin is like all currency it's value is based on the "gold standard".  I get your point that nothing has real value unless man puts value behind it,  but gold has value because of its scarcity  (much like bitcoin).

Again kudos on your windfall.

You have $30 million in the bank and you didn't wait out bitcoin coming back up?

Gold standard that lapsed in 1971?
Its Fiat currency now....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 31, 2018, 04:29:56 AM
Quote from: Mr Anabolic on January 30, 2018, 06:56:43 PM
I finally got to him.  He couldn't take it anymore.

"Stock quotes"?  That is $30 mil as available margin in a stock trading account, not a liquid account.   What is the liquid bank account amount?

Still doesn't prove anything about your blips though.  Where is your blipcoin sale/profit transaction?

Mr A. I’m surprised you (or no other eagle eyed getbigger) has not picked up on the fact that this is a Singapore dollar account, not USD). Was expecting some better cyber sluthing to occur...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 31, 2018, 04:35:02 AM
Quote from: DooM_ on January 30, 2018, 10:37:43 PM
the bitcoin and cryptocurrency fad is over , mr anabolic has been correct the whole time , gib was saying bitcoin was going to a million dollars and telling everyone to buy at at high prices which is extremely reckless , and then sells out

Other than the fact that blips are a hyped Ponzi scam, this is the main issue here.  Gibtard gave 100's of reasons why blips were the best thing since sliced bread, yet still sold out.  He never believed his own bullshit (70 pages worth) from the very beginning, yet he was telling others to buy it when it was near 20K.  

This Tether scam proves that most of these cryptos were artificially pumped up by the early investors/whales.   Again, all a scam.  I hope these people go to jail, especially those Twinkltoe twins.  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 31, 2018, 04:38:19 AM
Quote from: gib on January 31, 2018, 04:29:56 AM
Mr A. I’m surprised you (or no other eagle eyed getbigger) has not picked up on the fact that this is a Singapore dollar account, not USD). Was expecting some better cyber sluthing to occur...


So you live in Singapore huh?   Be sure not to chew gum or spit on the ground.

I still want to see the 384K blipcoin transaction (converted into whatever currency you wish).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 31, 2018, 04:48:58 AM
Quote from: be back on January 31, 2018, 12:46:59 AM
Gold standard that lapsed in 1971?
Its Fiat currency now....

Except fiat currency has a national economy and factors of production behind it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on January 31, 2018, 05:21:29 AM
Quote from: jr on January 30, 2018, 11:01:04 PM
(https://everipedia-storage.s3-accelerate.amazonaws.com/ProfilePics/carlos-matos__02520.gif)
(https://thumbs.gfycat.com/DelayedSillyImpala-size_restricted.gif)

There is a good lesson here.  Anytime you see people acting this way regarding ANY asset class... SELL and run in the opposite direction.  That carnival barker was claiming participants would receive 1% gains per day.  Gib was acting the same way in this thread when blips were running up into parabola... he was posting every $100 gain telling people they are missing out on the chance of a lifetime.  It's all there, go back and read it.  This is NOT prudent/intelligent investing.

People get very carried away with the idea of making money and getting something for nothing.  It's a euphoric drug.  This is why casinos do so well.  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 31, 2018, 07:20:04 AM
Quote from: Mr Anabolic on January 31, 2018, 04:38:19 AM

So you live in Singapore huh?   Be sure not to chew gum or spit on the ground.

I still want to see the 384K blipcoin transaction (converted into whatever currency you wish).

Don’t live there. But do a substantial part of my off shore banking there and visit from time to time. As I explained earlier I don’t pay tax and bank in tax free locations.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on January 31, 2018, 08:01:34 AM
Quote from: gib on January 30, 2018, 06:48:14 PM
Fake bank account of peace - it’s only an illusion if you want it to be.

Oh and yes someone has finally learned how to post photos :)
(http://www.getbig.com/boards/index.php?action=dlattach;topic=635701.0;attach=755779;image)

I'm glad to see that I'm not the only one who has enjoyed the fruits of the Blipcoin.  Keep up the good work Gib.   :D

(https://s17.postimg.org/5parsqtdr/20180131_095313.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 31, 2018, 06:28:08 PM
Quote from: Twaddle on January 31, 2018, 08:01:34 AM
I'm glad to see that I'm not the only one who has enjoyed the fruits of the Blipcoin.  Keep up the good work Gib.   :D

(https://s17.postimg.org/5parsqtdr/20180131_095313.jpg)

Ha ha. Good stuff! If this is a legit screenshot it is most impressive!  Can I ask how you made this much money? And how you currently invest and manage it?

Seems posting screenshots of bank website balances may become the getbig version of those black dudes who pose pix of themselves with wads of cash on instagram:)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on January 31, 2018, 10:33:27 PM
Quote from: gib on January 31, 2018, 06:28:08 PM
Ha ha. Good stuff! If this is a legit screenshot it is most impressive!  Can I ask how you made this much money? And how you currently invest and manage it?

Seems posting screenshots of bank website balances may become the getbig version of those black dudes who pose pix of themselves with wads of cash on instagram:)

it's exactly the same as those black guys posting photos of their money on their bed  , even with all that money people can still not buy class . . .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 01, 2018, 03:59:20 AM
Quote from: DooM_ on January 31, 2018, 10:33:27 PM
it's exactly the same as those black guys posting photos of their money on their bed  , even with all that money people can still not buy class . . .

Fake bank account screen shots?  I would bet that both are fakes.  Very easy to do...

https://www.google.com/search?q=fake+bank+account+screenshot&source=lnms&sa=X&ved=0ahUKEwjMi5fW1oTZAhWyzlkKHXB_AnoQ_AUICSgA&biw=1280&bih=592&dpr=1.5 (https://www.google.com/search?q=fake+bank+account+screenshot&source=lnms&sa=X&ved=0ahUKEwjMi5fW1oTZAhWyzlkKHXB_AnoQ_AUICSgA&biw=1280&bih=592&dpr=1.5)

People that actually do have big profits better be ready when the taxman comes knocking.  

None of this changes the fact that blips (and all cryptos) are a digitized Ponzi scam and a bubble mania, which I have been saying here from the very beginning of this thread.  Those in early and out early win, the believers who bought high and hold on lose.  It's is never "different this time".  

I think I'll send John McAfee some tabasco sauce to help kill the taste when he eats his dick.

Never forget: Blips to 100K, then 1 million!

$9200 now.   As the fear sets in, the price will drop very quickly.  Watch.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on February 01, 2018, 04:24:07 AM
Ethereum steadily moving into Bitcoin’s space.

.117 ratio as of this morning.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 01, 2018, 04:39:57 AM
Quote from: Mr Anabolic on February 01, 2018, 03:59:20 AM
Fake bank account screen shots?  I would bet that both are fakes.  Very easy to do...

https://www.google.com/search?q=fake+bank+account+screenshot&source=lnms&sa=X&ved=0ahUKEwjMi5fW1oTZAhWyzlkKHXB_AnoQ_AUICSgA&biw=1280&bih=592&dpr=1.5 (https://www.google.com/search?q=fake+bank+account+screenshot&source=lnms&sa=X&ved=0ahUKEwjMi5fW1oTZAhWyzlkKHXB_AnoQ_AUICSgA&biw=1280&bih=592&dpr=1.5)

People that actually do have big profits better be ready when the taxman comes knocking.  

None of this changes the fact that blips (and all cryptos) are a digitized Ponzi scam and a bubble mania, which I have been saying here from the very beginning of this thread.  Those in early and out early win, the believers who bought high and hold on lose.  It's is never "different this time".  

I think I'll send John McAfee some tabasco sauce to help kill the taste when he eats his dick.

Never forget: Blips to 100K, then 1 million!

$9200 now.   As the fear sets in, the price will drop very quickly.  Watch.

No need to worry about tax man if you live in a jurisdiction where capital gains are taxed. Fake tax man scare mongering of peace.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 01, 2018, 04:52:41 AM
Quote from: gib on February 01, 2018, 04:39:57 AM
No need to worry about tax man if you live in a jurisdiction where capital gains are taxed. Fake tax man scare mongering of peace.

...

$1 million blipcoin mongering of peace.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on February 01, 2018, 06:07:42 AM
Quote from: Mr Anabolic on February 01, 2018, 03:59:20 AM

None of this changes the fact that blips (and all cryptos) are a digitized Ponzi scam and a bubble mania, which I have been saying here from the very beginning of this thread.  Those in early and out early win, the believers who bought high and hold on lose.  It's is never "different this time".  


No, it was actually created to be a decentralised wealth unit and has been used as that for quite some years already, myself included. You seem to miss this fact constantly. Only explanation I have for this irrational hate is that being such a cool investor you missed the boat, so it's kind of a "relief" to see that someone got burned. It's a great idea/concept, a revolution for sure, I personally think that "real value" of bitcoin currently should be around 3k dollars. If it would stop at that and keep rising slowly with the increase in use, not as a result of a speculation, I'd be pretty happy.
100k, certainly possible, maybe other crypto, maybe btc. One bigger geopolitical impact could shoot the price up once again, anytime, as people would start buying crypto to save their wealh, it has happened already in some countries.
 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on February 01, 2018, 07:16:29 AM
Quote from: Zero2Hero on February 01, 2018, 06:07:42 AM
No, it was actually created to be a decentralised wealth unit and has been used as that for quite some years already, myself included. You seem to miss this fact constantly. Only explanation I have for this irrational hate is that being such a cool investor you missed the boat, so it's kind of a "relief" to see that someone got burned. It's a great idea/concept, a revolution for sure, I personally think that "real value" of bitcoin currently should be around 3k dollars. If it would stop at that and keep rising slowly with the increase in use, not as a result of a speculation, I'd be pretty happy.
100k, certainly possible, maybe other crypto, maybe btc. One bigger geopolitical impact could shoot the price up once again, anytime, as people would start buying crypto to save their wealh, it has happened already in some countries.
 

the fad is over , another cryptocurrency will be the flavor of the month and the next big thing with new tech until it collapses and the cycle continues to the next one  . . . its pure gambling and speculation without much true long term value or stability . . .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 01, 2018, 07:18:18 AM
Quote from: Zero2Hero on February 01, 2018, 06:07:42 AM
No, it was actually created to be a decentralised wealth unit and has been used as that for quite some years already, myself included. You seem to miss this fact constantly. Only explanation I have for this irrational hate is that being such a cool investor you missed the boat, so it's kind of a "relief" to see that someone got burned. It's a great idea/concept, a revolution for sure, I personally think that "real value" of bitcoin currently should be around 3k dollars. If it would stop at that and keep rising slowly with the increase in use, not as a result of a speculation, I'd be pretty happy.
100k, certainly possible, maybe other crypto, maybe btc. One bigger geopolitical impact could shoot the price up once again, anytime, as people would start buying crypto to save their wealh, it has happened already in some countries.

lol   No.  All these claims about cryptos being a revolution and being decentralized... lol   It's all marketing, pumping and hype.  There is no "real value" in a Ponzi scam.  They always collapse.   Governments are cracking down.  Futures market was created to control the price.  I would not be surprised if the whales took short positions in the futures and are selling to dump the price.  They make money on the way up, and the way down.  Genius.  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: manuelsonn on February 01, 2018, 08:20:21 AM
So gib sold the mighty future (blipcoin) for the sad past (gold)? How come?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 01, 2018, 09:52:34 AM
Quote from: manuelsonn on February 01, 2018, 08:20:21 AM
So gib sold the mighty future (blipcoin) for the sad past (gold)? How come?

1. No conviction.  He did not believe his own posts from very the start of this thread.   

2. He took my advice and bought something tangible.  He just doesn't want to admit I'm right.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 01, 2018, 11:39:49 AM
Quote from: Mr Anabolic on February 01, 2018, 07:18:18 AM
Futures market was created to control the price.  I would not be surprised if the whales took short positions in the futures and are selling to dump the price.  They make money on the way up, and the way down.  Genius.  

That was what the IPO lawyer told me. He will buy futures then double up on the short and kill it.

This is the regulation that was always going to happen if it was to be legitimized.

A catch 22 for cryptos. Conform if you want more investment but give up anonymity and pay tax.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Disgusted on February 01, 2018, 11:41:17 AM
IF it keeps going the title of this thread will be correct again.  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on February 01, 2018, 12:02:34 PM
$ 8,937.62    
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 01, 2018, 12:27:01 PM
Quote from: Disgusted on February 01, 2018, 11:41:17 AM
IF it keeps going the title of this thread will be correct again.  ;D

Probably sooner than later.  We'll probably see a few dead-cat bounces along the way.  Once the fear starts to kick in, the waterfall begins.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Agnostic007 on February 01, 2018, 01:39:40 PM
I've already lost 2.3 million but I'm holding out for that 100 K mark
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 01, 2018, 01:49:18 PM
Quote from: Agnostic007 on February 01, 2018, 01:39:40 PM
I've already lost 2.3 million but I'm holding out for that 100 K mark

Gibs advice really changes people's lives...... dont sell yourself short, hold for 1M bro, gib said it will get there!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 01, 2018, 07:31:14 PM
Quote from: Zero2Hero on February 01, 2018, 06:07:42 AM
No, it was actually created to be a decentralised wealth unit and has been used as that for quite some years already, myself included. You seem to miss this fact constantly. Only explanation I have for this irrational hate is that being such a cool investor you missed the boat, so it's kind of a "relief" to see that someone got burned. It's a great idea/concept, a revolution for sure, I personally think that "real value" of bitcoin currently should be around 3k dollars. If it would stop at that and keep rising slowly with the increase in use, not as a result of a speculation, I'd be pretty happy.
100k, certainly possible, maybe other crypto, maybe btc. One bigger geopolitical impact could shoot the price up once again, anytime, as people would start buying crypto to save their wealh, it has happened already in some countries.
 

Exactly - I would describe Mr A's extreme hate as a schadenfreu of peace. He is very bitter that he missed out on making massive gains, failing to buy in early and failing to anticipate how much prices would rise (and of course failing to sell at the recent peak - because he had nothing to sell). Oh if only he had bought at the earlier times when he was calling BTC a bubble, selling when I did, instead suggesting silver and gold which went nowhere...

Let's take a look once again at the gains he missed out on, as he experienced multiple get-big self ownings over the years when he called "the peak and bubble etc" that he has never fully recovered from, all recorded in the getbig historical archives...

Quote from: gib on January 14, 2018, 11:54:24 PM

His first recorded "bitcoin is a bubble" call took place on November 13, 2013, 05:11:42 PM -Bitcoin price $401

He tried again on March 17, 2014, 02:13:27 PM - Bitcoin price $589

And again ... September 04, 2017, 07:26:09 AM - Bitcoin price $4319

And again ...November 10, 2017, 04:10:43 AM - Bitcoin price - $6570

And again ... November 19, 2017, 11:22:58 AM - Bitcoin Price $8033

Each time self owning himself.

Anyone who would have done exactly the opposite of what Mr A had recommended at the time of any of the above quotes would have profited very very handsomely (and I know from the PM's I have received that many of you did!).

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: manuelsonn on February 01, 2018, 09:01:52 PM
So how much of this gold of the future centuries did you buy today? At 8000 dolars per blipcoin it s pure theft to buy, it s like taking candies from a baby, what you?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 02, 2018, 04:45:07 AM
Quote from: gib on February 01, 2018, 07:31:14 PM
Exactly - I would describe Mr A's extreme hate as a schadenfreu of peace. He is very bitter that he missed out on making massive gains, failing to buy in early and failing to anticipate how much prices would rise (and of course failing to sell at the recent peak - because he had nothing to sell). Oh if only he had bought at the earlier times when he was calling BTC a bubble, selling when I did, instead suggesting silver and gold which went nowhere...

Let's take a look once again at the gains he missed out on, as he experienced multiple get-big self ownings over the years when he called "the peak and bubble etc" that he has never fully recovered from, all recorded in the getbig historical archives...


Meltdown.  lol  

You are having a convo with your own gimmick  lol   I know you are butthurt, but you are making yourself look really dumb and desperate.  Give it up.

"Blips to 100K then 1 million!"
  
"A new revolution... a new paradigm!"

Ooops...

now $7600!

'DIP'coin    lol

I told gibtard this was going to happen.  He cannot admit or accept it.  Sad little man he is.  

Blipcoin price action has followed this chart almost exactly.  I compared the blip bubble to this chart 50 pages ago at the beginning of the mania phase.  Blips are  now entering the fear stage.  For anyone still holding, blipcoin mania is OVER.  Price will continue to drop, but there will be a few $1000-2000 dead-cat bounces along the way down.  I imagine some whales will buy in an attempt to slow or stop the bleeding, mostly so they can exit at a higher price.

(http://rhishikeshagashe.com/wp-content/uploads/2017/08/BubbleChart-1024x688.jpg)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 02, 2018, 06:09:40 AM
Huh? I made money. You didn’t.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Soul Crusher on February 02, 2018, 06:15:53 AM
Ponzi scheme collapsing like MADOFF
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 02, 2018, 06:29:14 AM
Quote from: gib on February 02, 2018, 06:09:40 AM
Huh? I made money. You didn’t.

lol   You never proved you owned/sold anything.  A faked screen shot of a fake $30 mil bank account - LOL!

"BLIPS TO 1 MILLION!"  - gibtard 2017

You told people to buy blips at the exact peak of this maniacal bubble.  lol

These retorts of yours are so desperate, so weak.

Give it up, will you.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: manuelsonn on February 02, 2018, 08:19:14 AM
So masterblipcoin encouraged people to buy shit that he could sell high. If that s not an investment I dont know what it is. Maybe a ponzi?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on February 02, 2018, 09:13:03 AM
Bitcoin set for worst week since 2013 as crypto sell-off intensifies

Feb 2, 2018

"Cryptocurrencies plunged on Friday, with several of the largest falling by more than 20 percent and bitcoin sliding below $8,000 and headed for its worst week since 2013, as worries about a regulatory clampdown globally sent investors scrambling to sell."

https://www.yahoo.com/finance/news/bitcoin-slides-further-headed-worst-092653765.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Soul Crusher on February 02, 2018, 10:01:48 AM
Quote from: loco on February 02, 2018, 09:13:03 AM
Bitcoin set for worst week since 2013 as crypto sell-off intensifies

Feb 2, 2018

"Cryptocurrencies plunged on Friday, with several of the largest falling by more than 20 percent and bitcoin sliding below $8,000 and headed for its worst week since 2013, as worries about a regulatory clampdown globally sent investors scrambling to sell."

https://www.yahoo.com/finance/news/bitcoin-slides-further-headed-worst-092653765.html

Bitcoin is a ponzi scheme - i feel bad for people who got sucked into this mania
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: JAGO on February 02, 2018, 10:12:42 AM
.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: blackpele on February 02, 2018, 10:16:05 AM
The banking establishment will fight to the death in order to exterminate bitcoin............if it survives is anyone guess........
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: oldschoolfan on February 02, 2018, 11:41:38 AM
i have bought and sold bitcoin you cant use it for hardly anything,  the only thing i have used it for, was to pay my fees on a site i sell on, it has gotten very expensive to even send payments, and it is not instant, you have to pay alot more for your chainblock to be confirmed, 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 02, 2018, 11:46:43 AM
Quote from: Soul Crusher on February 02, 2018, 10:01:48 AM
Bitcoin is a ponzi scheme - i feel bad for people who got sucked into this mania

As I said from the beginning.  

Manias are an interesting lesson in phycology.  I've studied all asset bubbles since the tulip mania of 1630's.  The common thread is NONE of them ever end well.  Those who lack logic and critical thinking skills are the ones who get sucked into these manias.  Once they are in, the euphoria prevents them from seeing it's a bubble.

I still predict many who bought dipcoins at 10K, 15K, and 20K and hold all the way down will be taking swan dives off tall skyscrapers.  People that do this should be given a posthumous Darwin award.  Serves them right for being so greedy and stupid.

The stock market is also a huge bubble.  Same goes for the bond and real estate market.  Today the DOW lost almost 700 points.  Expect much more of this type of action in the near future.  EVERYTHING is a bubble, except for precious metals, some grains and most softs.  Remember, you're suppose to buy low and sell high.  Successful investing is about timing more than anything else.  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on February 02, 2018, 11:52:32 AM
Quote from: Soul Crusher on February 02, 2018, 10:01:48 AM
Bitcoin is a ponzi scheme - i feel bad for people who got sucked into this 

everyone will be suked into this shit whether they like it or not.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 02, 2018, 11:57:16 AM
Quote from: Zillotch on February 02, 2018, 11:52:32 AM
everyone will be suked into this shit whether they like it or not.

I understand what you are getting at and I agree, but I believe an underground market will emerge for people who refuse to partake.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on February 02, 2018, 12:00:52 PM
Quote from: Mr Anabolic on February 02, 2018, 11:57:16 AM
I understand what you are getting at and I agree, but I believe an underground market will emerge for people who will not partake.

that will be next to impossible, I understand that now... but one might as well go down fighting. this is a fight, btw... people have no idea.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 02, 2018, 06:54:20 PM
Quote from: Mr Anabolic on February 02, 2018, 06:29:14 AM
lol   You never proved you owned/sold anything.  A faked screen shot of a fake $30 mil bank account - LOL!

"BLIPS TO 1 MILLION!"  - gibtard 2017

You told people to buy blips at the exact peak of this maniacal bubble.  lol

These retorts of yours are so desperate, so weak.

Give it up, will you.

Blips to 1 million is your quote not mine. It’s all documented here what I said.

I made money on bitcoin as did anyone who bought when I did and sold when I did. I also disclosed the times I bought and sold. Indeed if you read the title of the thread you will see that blips were below 5000 when we started and now still around 8500 blowing away the performance of gold you retard.

You made nothing on bitcoin. And I made a lovely return. So boo hoo blippity blip schadenfreu illusion peace of shxt. (Sorry didn’t want to stoop to name calling but it just seemed to rhyme in an appropriate way ... )

And please don’t take this all too seriously - you’ve been a good contributor on some topics in the past as I’ve acknowledged before. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 02, 2018, 07:05:53 PM
Quote from: gib on February 02, 2018, 06:54:20 PM
Blips to 1 million is your quote not mine. It’s all documented here what I said.

I made money on bitcoin as did anyone who bought when I did and sold when I did. I also disclosed the times I bought and sold. Indeed if you read the title of the thread you will see that blips were below 5000 when we started and now still around 8500 blowing away the performance of gold you retard.

You made nothing on bitcoin. And I made a lovely return. So boo hoo blippity blip schadenfreu illusion peace of shxt. (Sorry didn’t want to stoop to name calling but it just seemed to rhyme in an appropriate way ... )

And please don’t take this all too seriously - you’ve been a good contributor on some topics in the past as I’ve acknowledged before. 


...

You're a lying sociopath.


"BLIPS TO $100K, then to $1 MILLION!"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dave D on February 02, 2018, 07:30:44 PM
Quote from: gib on September 04, 2017, 06:14:37 AM
Why on earth would you buy gold or silver?

People who used to buy gold are selling and buying bitcoins.

Right now it's just half a percent. Soon it will be one, then 5, then 10. It's happening. And you will jump on board sooner or later.
[/quote

Good and silver are good now right?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 02, 2018, 10:37:50 PM
Hi Dave - bitcoins outperformed both gold and silver significantly during the time this thread has been running (and indeed going all the way back in time when btc was around 400 and Mr A was recommending gold and silver instead of Btc). That of course cannot be disputed (expect by Mr Angry man himself who seems to live in a world of illusions and delusions).

Is gold or silver a good buy now? Well I generally don’t buy any non-yielding unproductive asset whose value is based solely on speculation rather than earnings fundamentals. (Bitcoin was the exception because I correctly identified a trend and of course profited big time from it).

Do I think gold/silver will ever appreciate as much as Btc did? No.

Which has the potential for most rapid appreciation over the next few years? Obviously bitcoin (but also more risk).

Is it ok to buy/hold silver in your portfolio now? Sure - I would personally suggest not allocating more than 5% of total assets to gold and not allocating more than 1% to btc.

Given where we are in stock and bond valuations it arguably makes sense to hold some gold (although actually during the last financial crisis gold actually underperformed simply holding cash by around 20%. So arguably, if anything, you should be holding cash compared to gold (USD). What I have done is bought some gold (more just as a bit of fun but also as a hedge for a just in case end of the world type scenario but I’ve actaually invested in a gold mining ETF (that basically owns the worlds top 10 gold mining companies). Gold mining companies typically outperform the gold price at ratios of between 3-5x, so this is how I would get my main benefit on any increase in gold demand. Again though it’s not at all a large position I hold and again more of a “just in case” type investment.

Long term gold is not a good investment but in the shorter term it might well be. And quite possibly within the next 0-3 years.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 03, 2018, 12:03:41 AM
Quote from: gib on February 02, 2018, 06:54:20 PM
Blips to 1 million is your quote not mine. It’s all documented here what I said.

I made money on bitcoin as did anyone who bought when I did and sold when I did. I also disclosed the times I bought and sold. Indeed if you read the title of the thread you will see that blips were below 5000 when we started and now still around 8500 blowing away the performance of gold you retard.

You made nothing on bitcoin. And I made a lovely return. So boo hoo blippity blip schadenfreu illusion peace of shxt. (Sorry didn’t want to stoop to name calling but it just seemed to rhyme in an appropriate way ... )

And please don’t take this all too seriously - you’ve been a good contributor on some topics in the past as I’ve acknowledged before. 

You said it could reach a million dollars several times.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 03, 2018, 12:24:06 AM
Quote from: Griffith on February 03, 2018, 12:03:41 AM
You said it could reach a million dollars several times.

Correct. I agreed that it could when Mr A queried if I thought this was possible (not that it would). A subtle, but nonetheless important detail that some like Mr A (who did make absolute statements) seem to overlook. Nor did I give a time horizon (although for 100k I did note that some analysis predicted this would be reached in 3 years).

Bitcoin produces no yield so it’s value is basically whatever people collectively agree it’s worth. (Same with gold). So actually both could go to extreme levels in value, but clearly Btc having the greater potential. Another similar asset class is art (paintings, sculptures etc).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 03, 2018, 01:06:25 AM
Quote from: gib on February 03, 2018, 12:24:06 AM
Correct. I agreed that it could when Mr A queried if I thought this was possible (not that it would). A subtle, but nonetheless important detail that some like Mr A (who did make absolute statements) seem to overlook. Nor did I give a time horizon (although for 100k I did note that some analysis predicted this would be reached in 3 years).

Bitcoin produces no yield so it’s value is basically whatever people collectively agree it’s worth. (Same with gold). So actually both could go to extreme levels in value, but clearly Btc having the greater potential. Another similar asset class is art (paintings, sculptures etc).


Even when not queried, you said a million dollars and how everyone who held on would be fabulously rich and the price wound just keep going up and up. And that even when it was over 19000 in value, you still recommended buying at such prices and that those prices would be 'cheap' in the future.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 03, 2018, 01:27:59 AM
Quote from: Griffith on February 03, 2018, 01:06:25 AM
Even when not queried, you said a million dollars and how everyone who held on would be fabulously rich and the price wound just keep going up and up. And that even when it was over 19000 in value, you still recommended buying at such prices and that those prices would be 'cheap' in the future.

Quote from: gib on January 11, 2018, 06:35:31 PM
Guys a little update (and as I said, I would post here, and say when I sold, whether it was at a profit or loss).

I am now almost entirely out of BTC, having sold off over the last few days at between 13500-16500. I now have 384K USD in the account I use for my BTC.

Its a pretty awesome feeling when you start, over a day to see the account balance grow as you see - $18,000, $24,000, $38,000 etc ending up to $384000 which is what I now have. (Also sold the BCC I had which was very nice considering I got it for "free").

I am holding now a single BTC on my Trezor and a bit of shrapnel on some other wallets (and also very nominal amounts of ETH and BCC).

So, pre-empting the questions, "why did you sell GIB"? You told us it will keep going up. (Or as Mr A likes to misquote, "you told us it would hit 100K then 1 million)".

Well, first, as I have always said, I don't think BTC can be valued. So it its indeed possible it could hit 40K end of year, and 100K in 3 years. (It could also drop significantly). Just today 2 "leading Wall St analysis" came out with BTC outlooks for year end 2018, one at 1.8K and the other at 20K. Personally, I am very very happy with the gains I have made.

When considering my buying price, these are the biggest % gains I have ever made on an investment (gambling and poker etc aside). Mind-blowing really. Part of what changed my thinking was that I was looking at a car I like which is selling for around USD 80K (a top of the range hotted up 2018 Ford Mustang) I sold off 80K to put aside, basically "securing the car", and then when I saw the reality of the cash and what it could buy I kind of thought of the remaining amount as being another 3 cars - a dose of reality perhaps. I "invested" on the feeling that a trend would take place, and I was right. Not perfect of course - I didn't sell a month back at 19K+ (and indeed if prices hit 40K, then in hindsight my decision to cash out will be far from perfect).

Prompting another expected comment - "but you already (supposedly) have so much money, why not just hold BTC then" its also about not losing money. I like making money, and I don't like losing money. (Buffet rule #1 - dont lose money). (Also noteworthy, I was one of the few who got out of the NASDAQ before it crashed (actually way too early).

Almost all of my crypto friends are holding or buying right now. Both more BTC, and then alt coins. Some have over USD 2m in crypto (including one who has most of his entire net worth now in crypto as basically has decided its all or nothing for him) - I have had discussions with them about converting into "real money" but all are very much of the view that there is much much more upside - lets see.

Will I rebuy? Well as I have said, everyone should hold at least 1 BTC, (for many reasons). Its also quite possible, that after the current trend to alt from BTC, we will eventually see a massive swing back to BTC. I will elaborate in future posts. Will I rebuy BTC -yes for sure, if it has a substantial correction.

I'll reply to some of the other comments a little later - busy now. Just wanted to share the update.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 03, 2018, 03:09:28 AM
Quote from: gib on February 03, 2018, 01:27:59 AM


That does not change anything about your prior statements.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: manuelsonn on February 03, 2018, 05:06:51 AM
Hey gib! Are you still encouraging people to buy blipcoins while you re buying gold?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Ted SuperSet on February 03, 2018, 05:20:26 AM
All hating on gib because he made bank and has millions. Cracks me up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 03, 2018, 07:22:20 AM
Quote from: Griffith on February 03, 2018, 03:09:28 AM
That does not change anything about your prior statements.


Doesn't matter what previous post of his you quote, this bliptard will deny everything and/or say "I really meant this instead of that".  This is how sociopaths obfuscate.  He knows I'm correct about gold and blipcoin being a maniacal bubble, this is why he sold and why he mentions me in every post.  I own his little bliptard brain - lol  


"BLIPS TO 1 MILLION!"   - gibtard 2017
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 03, 2018, 07:38:38 AM
Quote from: Ted SuperSet on February 03, 2018, 05:20:26 AM
All hating on gib because he made bank and has millions. Cracks me up.

The only thing I hate are disingenuous people and liars... same thing really.

He posted a real screen shot of a fake bank account.  Plenty of apps out there that can do this.  I posted the google link, take a look at it.  No proof of the $384K blipcoin profit either.  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: muscleman-2017 on February 03, 2018, 08:42:17 AM
BTC has reached the bottom.  It is going up again now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 03, 2018, 09:02:43 AM
Quote from: muscleman-2017 on February 03, 2018, 08:42:17 AM
BTC has reached the bottom.  It is going up again now.

To 100K, or 1 million?    ;D

Dead cat bounces are typical and expected.  Minnows buying the dip... the pathetic volume during the weekend confirms it.  The futures market is now the main price driver.  The whales are playing both sides, long and short.  This Tether spoofing scam has drove the price up since mid-2017, but it will eventually implode.  I mentioned the parabolic price action was due to some type of spoofing scam about 50 pages ago.  

It's NEVER "different this time".
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: manuelsonn on February 03, 2018, 11:22:34 AM
Quote from: Ted SuperSet on February 03, 2018, 05:20:26 AM
All hating on gib because he made bank and has millions. Cracks me up.
have you an idea why all the haine on madoff,?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 04, 2018, 03:18:30 AM
Quote from: manuelsonn on February 03, 2018, 05:06:51 AM
Hey gib! Are you still encouraging people to buy blipcoins while you re buying gold?

I think, for a range of reasons, everyone should aim to own some. That does not mean of course that there won’t be drops along the way. But long term very likely to appreciate a lot.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: manuelsonn on February 04, 2018, 03:19:55 AM
Quote from: gib on February 04, 2018, 03:18:30 AM
I think, for a range of reasons, everyone should aim to own some. That does not mean of course that there won’t be drops along the way. But long term very likely to appreciate a lot.
long term meaning thousands of years?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 04, 2018, 03:26:03 AM
Quote from: Mr Anabolic on February 03, 2018, 07:38:38 AM
The only thing I hate are disingenuous people and liars... same thing really.

He posted a real screen shot of a fake bank account.  Plenty of apps out there that can do this.  I posted the google link, take a look at it.  No proof of the $384K blipcoin profit either.  

My bank bank acct is irrelevant to the discussion of bitcoins. But I do like putting you in your place. So how about this if you think I posted a “fake screenshot”. I take a live video of me logging on and doing a transaction on my online banking, and/or next time I am in Singapore I go to an ATM machine film myself signing in and then showing my balance (with both cases my personal details obscured).  Would you then be prepared to admit you were again wrong and I was again right?

Getbig challenge of peace and another owning of Mr A underway ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 04, 2018, 04:32:13 AM
Quote from: manuelsonn on February 04, 2018, 03:19:55 AM
long term meaning thousands of years?

Not quite that long. It’s certainly possible we could see 20k end of 2018, 50k end of 2019 and 100k end of 2020. Time will tell ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 04, 2018, 05:25:18 AM
Quote from: gib on February 04, 2018, 03:26:03 AM
My bank bank acct is irrelevant to the discussion of bitcoins. But I do like putting you in your place. So how about this if you think I posted a “fake screenshot”. I take a live video of me logging on and doing a transaction on my online banking, and/or next time I am in Singapore I go to an ATM machine film myself signing in and then showing my balance (with both cases my personal details obscured).  Would you then be prepared to admit you were again wrong and I was again right?

Getbig challenge of peace and another owning of Mr A underway ...



oh... you own me... me oh my oh...  your investment prowess is unparalleled...  I bow to the omnipotent financial guru extraordinaire... me oh my oh.    


Does gib feel better now?     lol


In 2017 gib proclaimed:

"Blips to 100K , then 1 million!.... buy just one blipcoin... your financial future will be secured!"  



Right after that, he sells all his blips and buys gold - lol


Gib also claims he helped "many" getbiggers who were PM'ing him asking for advice and how to buy blipcoins when they were at the $15-20K level.   Gee, I wonder how they feel about your sage advice now?

lol


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on February 04, 2018, 05:57:21 AM
So, does GIB's screen shot prove hes a millionaire?

Yes or No?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 04, 2018, 07:24:34 AM
Quote from: SF1900 on February 04, 2018, 05:57:21 AM
So, does GIB's screen shot prove hes a millionaire?

Yes or No?

Not conclusive.  There are apps that can be used to create bank fake accounts/amounts.  A brokerage trading account would give you 5-10x more than the actual cash amount in the account, this is called margin and the brokerage adds it to the overall cash value amount.  Even so, there would still have to be a few million in the account.  If he really does have 30 mil, or even 3-5 mil, that's great, especially for someone his age.  

The main issues I have with gibcoin are the "blipcoins to 100K and $1 million" statements and posting 80 pages of nonsense arguing with me about how blips are the greatest invention since the wheel and that gold was worthless.  Then, he flip-flopped completely, sold all his blips and bought some gold (as I suggested).  He should simply admit he didn't believe his own posts from the beginning and the only intention was to hype it, pump it, then dump it.  

Will he admit I was right about blips being played out at $15-16K and it being a Ponzi bubble after the price is back below $1000?... probably not.  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: manuelsonn on February 04, 2018, 08:48:31 AM
Lol, gib is a crook. He s buying gold while killing people to buy blipcoin, it s pure filth
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 04, 2018, 03:15:19 PM
Good morning Mr A (from my disingenious apartment of peace). Just did my morning getbig read. Ho hum, Mr A repeating his same old nonsense and misquotes.

PA - Ocean view of peace only an illusion if you want it to be. Life is to short to be hateful bro. Have a great day all!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on February 04, 2018, 03:24:37 PM
haha look at the size of that tv, barely 40"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Agnostic007 on February 04, 2018, 08:32:26 PM
Yeah but that track lighting is pretty cool
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 04, 2018, 11:58:21 PM
Quote from: ratherbebig on February 04, 2018, 03:24:37 PM
haha look at the size of that tv, barely 40"

I don’t watch much tv. But for movies have a projector that shines down onto the white curtains that also functions as a screen (obviously works only at night).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on February 05, 2018, 04:33:41 AM
Re: Bitcoins - about to hit $5,000 per coin today!


not today, but i predict the bitcoin will hit $5,000 per coin before the end of february.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: be back on February 05, 2018, 04:38:34 AM
Quote from: gib on February 04, 2018, 03:15:19 PM
Good morning Mr A (from my disingenious apartment of peace). Just did my morning getbig read. Ho hum, Mr A repeating his same old nonsense and misquotes.

PA - Ocean view of peace only an illusion if you want it to be. Life is to short to be hateful bro. Have a great day all!!!

take the photo again without the cushion...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 05, 2018, 06:13:55 AM
Quote from: gib on February 04, 2018, 03:15:19 PM
Good morning Mr A (from my disingenious apartment of peace). Just did my morning getbig read. Ho hum, Mr A repeating his same old nonsense and misquotes.

PA - Ocean view of peace only an illusion if you want it to be. Life is to short to be hateful bro. Have a great day all!!!

Nice Airbnb there.  Owners must have paid a pretty penny for that place.

Not hateful at all, just calling out your bullshit.  

I misquoted nothing.  I truly believe you are a sociopath.  You should've gone into politics... would've been perfect for you.



Almost forgot... blips = $7400


"BLIPS TO $1 MILLION!" then everyone can go on a Lambo shopping spree.  lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on February 05, 2018, 06:48:28 AM
Quote from: ratherbebig on February 05, 2018, 04:33:41 AM
Re: Bitcoins - about to hit $5,000 per coin today!


not today, but i predict the bitcoin will hit $5,000 per coin before the end of february.

Don't sell yourself short, it could hit $5,000 today.   :o

(https://media2.giphy.com/media/McWTxnpVZp6lG/giphy.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on February 05, 2018, 07:17:46 AM
Quote from: be back on February 05, 2018, 04:38:34 AM
take the photo again without the cushion...

He’ll need to email Ironmeister to photoshop it out.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on February 05, 2018, 09:23:27 AM
pump and dump thread of peace
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 05, 2018, 09:42:46 AM
Quote from: TheGrinch on February 05, 2018, 09:23:27 AM
pump and dump thread of peace

That's exactly what it was.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on February 05, 2018, 10:19:26 AM
And here we gooooo! 

7500

7400

7300

7200

7100

7000

6900

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on February 05, 2018, 10:27:33 AM
“J.P. Morgan Chase, Bank of America and Citigroup said Friday they decided not to allow customers to buy cryptocurrencies with the companies' credit cards.”


Seems like big bank is trying to take little bank.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 05, 2018, 11:28:03 AM
Quote from: HTexan on February 05, 2018, 10:27:33 AM
“J.P. Morgan Chase, Bank of America and Citigroup said Friday they decided not to allow customers to buy cryptocurrencies with the companies' credit cards.”


Seems like big bank is trying to take little bank.
Double standards. They allow you to bet on horses with credit cards and gamble online also. Credit card purchases were limited to small amounts per week anyway. This is just a move on their part to try and stop cryptocurrencies. And I don't think they can. They'll try their best. Expect more moves by governments and banks. Most Getbiggers should support Cryptos really because it goes against the cockroach bankers and "Federal" Reserve that is accountable to no one and have never been audited. Gotta love all these banker calling out Cryptos as pyramid schemes. And what are their banks?? The entire economy is a fucking pyramid scheme. And they want to control it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 05, 2018, 11:30:38 AM
Quote from: gib on February 04, 2018, 03:15:19 PM
Good morning Mr A (from my disingenious apartment of peace). Just did my morning getbig read. Ho hum, Mr A repeating his same old nonsense and misquotes.

PA - Ocean view of peace only an illusion if you want it to be. Life is to short to be hateful bro. Have a great day all!!!
Nice pad. Post some pics with the cushions moved and maybe turn the TV facing us. Make some moves that will be hard to Photoshop. That should shut up the skeptics. Or a video walking around and then hold a paper with Analbolic's name  written on it and waive it in the air.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 05, 2018, 11:32:07 AM
Quote from: Twaddle on February 05, 2018, 10:19:26 AM
And here we gooooo! 

7500

7400

7300

7200

7100

7000

6900


$6984  8)
Oops!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 05, 2018, 11:34:49 AM
Quote from: obsidian on February 05, 2018, 11:32:07 AM
$6984  8)
Oops!!


$6800.


Never forget... "Blipcoins to 1 million!"

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on February 05, 2018, 11:38:25 AM
6700
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on February 05, 2018, 11:41:43 AM
Quote from: Zillotch on February 02, 2018, 11:52:32 AM
everyone will be suked into this shit whether they like it or not.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 05, 2018, 11:51:43 AM
The panic selling is now on. Bloodbath.

bitcoin priced at 1,200 stable prior to the major ramp. Next surge point was 2.5k that had a short period of holding before the crazy surge.

There really was no breathing point after 2.5k so i would imagine thats where the support really lies 1.2k-2.5k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 05, 2018, 11:55:26 AM
Quote from: Mayday on February 05, 2018, 11:51:43 AM
The panic selling is now on. Bloodbath.

bitcoin priced at 1,200 stable prior to the major ramp. Next surge point was 2.5k that had a short period of holding before the crazy surge.

There really was no breathing point after 2.5k so i would imagine thats where the support really lies 1.2k-2.5k.

Looks like the name of the thread might be accurate again!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Earl1972 on February 05, 2018, 11:56:58 AM
sucks that most people invested in bitcoin when it was too late, what will all those people that sold their house do now?

E
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: JAGO on February 05, 2018, 12:03:41 PM
I'd say the Winklevoss sisters are fucked.

J
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: cart@@n on February 05, 2018, 12:19:42 PM
The Title of this thread is close to being precise again.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on February 05, 2018, 12:22:45 PM
Quote from: Earl1972 on February 05, 2018, 11:56:58 AM
sucks that most people invested in bitcoin when it was too late, what will all those people that sold their house do now?

E

who cares as long as gib can put up pictures of HIS house! why care for people ! do it the gib way !
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 05, 2018, 12:41:12 PM
Quote from: Earl1972 on February 05, 2018, 11:56:58 AM
sucks that most people invested in bitcoin when it was too late, what will all those people that sold their house do now?

E

Seems like more fear is setting in everyday, but still seems like a fairly controlled sell-off to me.  At some point you should see a waterfall of selling and a HUGE price drop.

There should be a few $1000-$2000 dead-cat bounces along the way down.  If anyone here owns any blips, you can sell into those.

My conscious is clear.  I told everyone here it was a Ponzi bubble mania from the beginning.  Many were caught up in gib's bullshit and the idea of quick riches.  I have no sympathy for you.



 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on February 05, 2018, 01:14:35 PM
Bitconnect - "I lost it all"



"Ima cash out my 401k for Bitconnect"

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 05, 2018, 01:25:57 PM
Quote from: Mr Anabolic on February 05, 2018, 12:41:12 PM
Seems like more fear is setting in everyday, but still seems like a fairly controlled sell-off to me.  At some point you should see a waterfall of selling and a HUGE price drop.

There should be a few $1000-$2000 dead-cat bounces along the way down.  If anyone here owns any blips, you can sell into those.

My conscious is clear.  I told everyone here it was a Ponzi bubble mania from the beginning.  Many were caught up in gib's bullshit and the idea of quick riches.  I have no sympathy for you.



 

Whilst you don’t have any sympathy for those who lost money, I hope you do have some happiness for those who made money.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 05, 2018, 01:29:02 PM
Quote from: gib on February 05, 2018, 01:25:57 PM
Whilst you don’t have any sympathy for those who lost money, I hope you do have some happiness for those who made money.


I also told everyone about the stock market bubble and it would crash soon. 

The DOW had the largest point loss in HISTORY today. 

Mr. A... calls it again.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 05, 2018, 01:29:49 PM
Quote from: be back on February 05, 2018, 04:38:34 AM
take the photo again without the cushion...

Oi I like that cushion - it’s had more action in its time than most get biggers will have in their lives.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on February 05, 2018, 01:30:17 PM
'whilst you don't have any sympathy for those who got robbed, i hope you do have some happiness for those who were robbing'
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 05, 2018, 01:32:43 PM
Quote from: Mr Anabolic on February 05, 2018, 01:29:02 PM

I also told everyone about the stock market bubble and it would crash soon. 

The DOW had the largest point loss in HISTORY today. 

Mr. A... calls it again.

Show us proof you shorted stocks :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 05, 2018, 01:34:05 PM
Quote from: gib on February 05, 2018, 01:32:43 PM
Show us proof you shorted stocks :)


I didn't... sadly.   :-\  but I never claimed I did.    ;)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tres_taco_combo on February 05, 2018, 01:47:04 PM
ripple xrp is .60 now  :o

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Ted SuperSet on February 05, 2018, 01:49:57 PM
Quote from: tres_taco_combo on February 05, 2018, 01:47:04 PM
ripple xrp is .60 now  :o



Down from what?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on February 05, 2018, 01:51:10 PM
down the drain
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Ted SuperSet on February 05, 2018, 01:54:35 PM
Quote from: ratherbebig on February 05, 2018, 01:51:10 PM
down the drain

I believed in crypto currency but I guess I just followed the hype like most of the sheep.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on February 05, 2018, 02:10:56 PM
Many are still oblivious to the other "side of a coin": how many people are actually using cryptos (esp BTC) for their daily bussiness. Being one of these I can pretty much guarantee - btc won't go anywhere (in exception that some other, very much advanced crypto takes it's place, but that's not very likely in a near future at least) and after this DIP (yes, it is a dip, not a crash. Happened many, many times already) it will rise again. Once again: you have no ideal how MANY people use it and in what ways (I've made some serious money and keep making it, not related to tradint cryptos at all). No givernment, no legislations/restrictions will stop that, it has became a new tool in transfering wealth and it is not replacable by any other unit of wealth known to us. Wait and see. And these who lost lot of money - oh well... they should've been more patient, or if they still HODL, I'd suggest to keep on doing it, for like a year, it won't be worse than it is now, and may very well turn out a lot better.
 Some of your emotional reactions baffle me. At least put some time to study the subject before making conclusions. Million dollars? What, you epected for it to reach that price in a year? Not gonna happen.. But if USAGE (not speculation) will keep making it's way as I see now, million may be real some day.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: manuelsonn on February 05, 2018, 02:11:43 PM
Gib, nobody cares about you outside the context of blipcoins. Rational people told unrational people that it was nothing but a ponzi scheme. U crook bassically entered before and exited after the horde started to pump up the bubble. You re as investor as a poor man madoff, pure filth.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on February 05, 2018, 02:40:05 PM
Quote from: manuelsonn on February 05, 2018, 02:11:43 PM
Gib, nobody cares about you, pure filth.

boom
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: JAGO on February 05, 2018, 02:50:37 PM
Quote from: Mr Anabolic on February 05, 2018, 12:41:12 PM
Seems like more fear is setting in everyday, but still seems like a fairly controlled sell-off to me.  At some point you should see a waterfall of selling and a HUGE price drop.

There should be a few $1000-$2000 dead-cat bounces along the way down.  If anyone here owns any blips, you can sell into those.

My conscious is clear.  I told everyone here it was a Ponzi bubble mania from the beginning.  Many were caught up in gib's bullshit and the idea of quick riches.  I have no sympathy for you.



 

Who the fuck asked you?

J
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: anabolicguru on February 05, 2018, 02:56:20 PM
bitcoin is only good for one thing and that is buying steroids on the dark web
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 05, 2018, 03:12:57 PM
Quote from: JAGO on February 05, 2018, 02:50:37 PM
Who the fuck asked you?

J

Such hate for a man who knows and tells the truth.  Sad.

Don't feel bad, you are just one of the many dopey devotees who got drunk on the crypto Kool-Aid.   "But I read it on the internets, so it MUST be true!"  lol  

Admitting you were wrong is the beginning of self enlightenment and healing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 05, 2018, 03:18:20 PM
Quote from: Zero2Hero on February 05, 2018, 02:10:56 PM
Many are still oblivious to the other "side of a coin": how many people are actually using cryptos (esp BTC) for their daily bussiness. Being one of these I can pretty much guarantee - btc won't go anywhere (in exception that some other, very much advanced crypto takes it's place, but that's not very likely in a near future at least) and after this DIP (yes, it is a dip, not a crash. Happened many, many times already) it will rise again. Once again: you have no ideal how MANY people use it and in what ways (I've made some serious money and keep making it, not related to tradint cryptos at all). No givernment, no legislations/restrictions will stop that, it has became a new tool in transfering wealth and it is not replacable by any other unit of wealth known to us. Wait and see. And these who lost lot of money - oh well... they should've been more patient, or if they still HODL, I'd suggest to keep on doing it, for like a year, it won't be worse than it is now, and may very well turn out a lot better.
 Some of your emotional reactions baffle me. At least put some time to study the subject before making conclusions. Million dollars? What, you epected for it to reach that price in a year? Not gonna happen.. But if USAGE (not speculation) will keep making it's way as I see now, million may be real some day.

lol 

People like you will NEVER learn.  It's bizarre.

You'll HODL until it reaches ZERO.


(http://rhishikeshagashe.com/wp-content/uploads/2017/08/BubbleChart-1024x688.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on February 05, 2018, 03:24:42 PM
Quote from: Mr Anabolic on February 05, 2018, 03:18:20 PM
lol  

People like you will NEVER learn.  It's bizarre.



You don't get it, do you? I DO NOT care about HODL'ing or trading/speculating, I use it in a way it was created to use - to transfer value/money. You have not a slighest idea of how it is being used and I won't go into the details, but it is, by many, many people, that reason alone prevent it from going to zero, as the demand IS there, you get this? The demand exists, aside the "free money" crowd. One event where only option to save your wealth would be cryptos in some third world country could shoot the price up overnight again. It is about demand - supply and you focus solely on the speculation part of it. If you'd get your head out of the emotional turmoil, you may actually figure out some way to use this wealth unit for your own profit that is completely not related to trading it, but using as a tool that it was meant to be and then you would stop taling about "government bans", that are pretty much nonsense, once you get the grip of actually using it and how it works.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 05, 2018, 03:25:11 PM
Quote from: tres_taco_combo on February 05, 2018, 01:47:04 PM
ripple xrp is .60 now  :o

RIP-ple
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: JAGO on February 05, 2018, 03:27:43 PM
Quote from: Mr Anabolic on February 05, 2018, 03:12:57 PM
Such hate for a man who knows and tells the truth.  Sad.

Don't feel bad, you are just one of the many dopey devotees who got drunk on the crypto Kool-Aid.   "But I read it on the internets, so it MUST be true!"  lol  

Admitting you were wrong is the beginning of self enlightenment and healing.

You don't know shit . . . Just a I Told You So'er who took a counter position and appears correct in the short term.

Blow me.

J
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on February 05, 2018, 03:38:55 PM
Bitcoin Cash in particular is getting WRECKED right now.

25% down for the day. 46% for the week.

Tron barely clinging to 3 cents a coin. (.03)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 05, 2018, 03:57:17 PM
Quote from: Zero2Hero on February 05, 2018, 03:24:42 PM
You don't get it, do you? I DO NOT care about HODL'ing or trading/speculating, I use it in a way it was created to use - to transfer value/money. You have not a slighest idea of how it is being used and I won't go into the details, but it is, by many, many people, that reason alone prevent it from going to zero, as the demand IS there, you get this? The demand exists, aside the "free money" crowd. One event where only option to save your wealth would be cryptos in some third world country could shoot the price up overnight again. It is about demand - supply and you focus solely on the speculation part of it. If you'd get your head out of the emotional turmoil, you may actually figure out some way to use this wealth unit for your own profit that is completely not related to trading it, but using as a tool that it was meant to be.

Why should something like this be superior or have value?   We already have debit cards, credit cards, bank wire transfers, Western union, etc. to transfer money.  Crypto exchanges are charging fees to transact!... how is that any different from those things I've just mentioned?  "Free money" huh?  LOL!

And blipcoins are NOT anonymous... please stop telling this fairy tale.

I have no emotional turmoil.  I simply oppose dishonest people who try to scam other people.  

I've studied manias and asset bubbles.  Fundamentally, blips are no different than any asset bubble mania is history.  Those who got in at the bottom make all the money... those who get it at the top get steamrolled.   I'll say it again:  It is NEVER "different this time".

Cryptos have become a religion.  Anyone who raises questions and/or exposes it for what it is is attacked, belittled, told they "don't understand it", "it's a new revolution", "a new paradigm", so on and so on.   When this type of mentality predominates and people start speaking in absolutes; the bubble peaks, the mania is over, then the bubble bursts soon after that.  

You CANNOT create something from nothing and say it has value.  The value is ZERO and always has been.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 05, 2018, 04:07:45 PM
Quote from: polychronopolous on February 05, 2018, 03:38:55 PM
Bitcoin Cash in particular is getting WRECKED right now.

25% down for the day. 46% for the week.

Tron barely clinging to 3 cents a coin. (.03)

The last 2 days look like a get out of dodge by the masses.

the chart Mr A posted of bubbles shows the downtrend has a long way to fall yet but will overshoot on the low end. 

Eth is back at it's last rally point. The rallies before were 470 then 320 so those would be the markers to watch. Eth could undershoot sub 300.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 05, 2018, 04:09:29 PM
Quote from: JAGO on February 05, 2018, 03:27:43 PM
You don't know shit . . . Just a I Told You So'er who took a counter position and appears correct in the short term.

Blow me.

J


My counter-position to cryptos was posted at the very beginning - lol

It's over.  They'll be a few dead-cat bounces along the way down, but blipcoin mania is OVER.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Ron on February 05, 2018, 04:20:38 PM

Bitcoins drop below $7 -  what a rise and fall of these currencies.

Some people who bought above this price have just lost a lot of money


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on February 05, 2018, 04:28:16 PM
Quote from: Mayday on February 05, 2018, 04:07:45 PM
The last 2 days look like a get out of dodge by the masses.

the chart Mr A posted of bubbles shows the downtrend has a long way to fall yet but will overshoot on the low end.  

Eth is back at it's last rally point. The rallies before were 470 then 320 so those would be the markers to watch. Eth could undershoot sub 300.

You hear different theories.

"Weak hands from gen z/millennials who do not have the slightest concept of what the hell they got themselves into and flee at the tiniest bit of turbulence"

"People who bought on debt and are simply forced to sell out quickly when the bill collector begins to call"

Causing problems in marriages.

Heard a story recently about a guy who bought bitcoin at 19k with his credit card.

I'm still holding onto my Ethereum though.

Recent article about FedEx looking to implement the blockchain technology and I believe Ethereum could be one of the very first platforms other companies could turn to in the future.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on February 05, 2018, 04:39:57 PM
Quote from: polychronopolous on February 05, 2018, 04:28:16 PM
implement the blockchain technology

the world will, and that is why fortunes r to be gained... follow the tech.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on February 05, 2018, 06:10:55 PM
Quote from: Twaddle on February 05, 2018, 10:19:26 AM
And here we gooooo! 

7500

7400

7300

7200

7100

7000

6900

6800

6700

6600

6500

 :o
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 05, 2018, 06:30:21 PM
Quote from: Twaddle on February 05, 2018, 06:10:55 PM
6800
6700
6600
6500
 :o


Interesting, because it's all coming down at the same time.  DOW futures down -500 points as I type this.  

A stock market correction was due, but it usually doesn't happen this quickly.  The sudden increase in volatility tells me something very serious is going on.

Before the market closed today, I moved 90% of my 401k and IRA monies into a cash stable fund.  The other 10% is high dividend paying utility companies.

This week might be the start of the next big bear market in stocks.  We are definitely due for one.  Take appropriate precautions to protect yourself.  

Fun times.  Now... watch gold and silver.   ;)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on February 05, 2018, 09:07:24 PM
Quote from: Zero2Hero on February 05, 2018, 03:24:42 PM
You don't get it, do you? I DO NOT care about HODL'ing or trading/speculating, I use it in a way it was created to use - to transfer value/money. You have not a slighest idea of how it is being used and I won't go into the details, but it is, by many, many people, that reason alone prevent it from going to zero, as the demand IS there, you get this? The demand exists, aside the "free money" crowd. One event where only option to save your wealth would be cryptos in some third world country could shoot the price up overnight again. It is about demand - supply and you focus solely on the speculation part of it. If you'd get your head out of the emotional turmoil, you may actually figure out some way to use this wealth unit for your own profit that is completely not related to trading it, but using as a tool that it was meant to be and then you would stop taling about "government bans", that are pretty much nonsense, once you get the grip of actually using it and how it works.


The Gibbick is back.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on February 05, 2018, 09:09:03 PM



TIIIIIMBEEERRR!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 05, 2018, 10:23:38 PM
Quote from: polychronopolous on February 05, 2018, 04:28:16 PM
You hear different theories.

The closer the prediction the harder it is to make. Hard to know when to bail.

Eth will be the winner over time. The banks are on it. Always bet with them.

The bloodbath has continued outside the US timezone. 2.5k........
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: JAGO on February 05, 2018, 11:47:08 PM
.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on February 06, 2018, 01:21:24 AM
Quote from: Mr Anabolic on February 05, 2018, 03:57:17 PM
Why should something like this be superior or have value?   We already have debit cards, credit cards, bank wire transfers, Western union, etc. to transfer money.  Crypto exchanges are charging fees to transact!... how is that any different from those things I've just mentioned?  "Free money" huh?  LOL!

This statement alone shows that you have no clue (I've given an example of all that in my earlier posts already). I've been dealing with international bank wire transfers, WU and every other imaginable way to transfer money overseas and I can tell for sure - cryptos are FAR superior to all of them in certain aspects. If you don't know what are you talking about - pls don't.
 Oh, and try moving 100k in your pocket across the border unnoticed (oh yes, you are on of these "do gooders" who think that everything should be "legal and by the rules" right? Let me guess, you've never been even close to being rich in that case)

Quote
And blipcoins are NOT anonymous... please stop telling this fairy tale.

How come I've been able to stay anonymous while using it for like three years? Luck? No. They ARE anonymous if you are willing to po at least some effort. If you don't want to put in effort you can simply use monero. Yes, you don't want to hear this,as it doesn't conform with your current view.

Quote
I've studied manias and asset bubbles.  Fundamentally, blips are no different than any asset bubble mania is history.  Those who got in at the bottom make all the money... those who get it at the top get steamrolled.   I'll say it again:  It is NEVER "different this time".

Except that crypto is actually usable and is being used/there is demand for it. If I could, I would fixate the price at 1k/1BTC for ever, would make my life easier.

Quote

Cryptos have become a religion.  Anyone who raises questions and/or exposes it for what it is is attacked, belittled, told they "don't understand it", "it's a new revolution", "a new paradigm", so on and so on.   When this type of mentality predominates and people start speaking in absolutes; the bubble peaks, the mania is over, then the bubble bursts soon after that.  

It is, you will have to accept it in a comming few years. You will be using it, mark my words, BTC or not, maybe some other crypto, but you will be using it.

Quote
You CANNOT create something from nothing and say it has value.  The value is ZERO and always has been.

As long as people agree on something being valuable - it HAS value, whether you like it or not. Say diamonds - what is the inherent value of them? Just a bling, but it has an "agreed" value, simple as that. any other examples. And nothing is created from "nothing", you should know at least basic physics.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on February 06, 2018, 01:23:06 AM
Quote from: SOMEPARTS on February 05, 2018, 09:07:24 PM

The Gibbick is back.

Fuck off
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 06, 2018, 01:34:15 AM
Quote from: Zero2Hero on February 06, 2018, 01:21:24 AM
This statement alone shows that you have no clue (I've given an example of all that in my earlier posts already). I've been dealing with international bank wire transfers, WU and every other imaginable way to transfer money overseas and I can tell for sure - cryptos are FAR superior to all of them in certain aspects. If you don't know what are you talking about - pls don't.
 Oh, and try moving 100k in your pocket across the border unnoticed (oh yes, you are on of these "do gooders" who think that everything should be "legal and by the rules" right? Let me guess, you've never been even close to being rich in that case)

How come I've been able to stay anonymous while using it for like three years? Luck? No. They ARE anonymous if you are willing to po at least some effort. If you don't want to put in effort you can simply use monero. Yes, you don't want to hear this,as it doesn't conform with your current view.

Except that crypto is actually usable and is being used/there is demand for it. If I could, I would fixate the price at 1k/1BTC for ever, would make my life easier.

It is, you will have to accept it in a comming few years. You will be using it, mark my words, BTC or not, maybe some other crypto, but you will be using it.

As long as people agree on something being valuable - it HAS value, whether you like it or not. Say diamonds - what is the inherent value of them? Just a bling, but it has an "agreed" value, simple as that. any other examples. And nothing is created from "nothing", you should know at least basic physics.

He is exactly right!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 06, 2018, 01:36:18 AM
And on the last point, the irony is that Mr A reccomends gold. (Oh but gold is different because it feels real heavy and “has a history of over 5000 years”.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on February 06, 2018, 01:37:45 AM
BTW - massive cash out (DJIA index fell down by 4.6%, which is a biggest drop in the last ten years) is also happening in wallstreet/stock market currently. Seems like everything is related.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 06, 2018, 01:40:15 AM
Quote from: JAGO on February 05, 2018, 03:27:43 PM
You don't know shit . . . Just a I Told You So'er who took a counter position and appears correct in the short term.

Blow me.

J

Actually he didn’t take a counter position, at least not from an investment perspective - that is he didn’t short btc. And if he had he would have lost money except towards the very end when prices did actually fall. And I bet he’s wishing he did - almost as much as he is wishing be bought them when they were cheap.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on February 06, 2018, 01:42:25 AM
Quote from: gib on February 06, 2018, 01:36:18 AM
And on the last point, the irony is that Mr A reccomends gold. (Oh but gold is different because it feels real heavy and “has a history of over 5000 years”.

Gold looks nice, but not when you need to transfer 20k to some complicated economy/rules country in 15mins, during holiday/weekend without leaving your home and without being logged/questioned by various third parties.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 06, 2018, 01:43:59 AM
Quote from: Zero2Hero on February 06, 2018, 01:37:45 AM
BTW - massive cash out (DJIA index fell down by 4.6%, which is a biggest drop in the last ten years) is also happening in wallstreet/stock market currently. Seems like everything is related.

Yep - I might have been that crypto was the canary in the coal mine (both in relation to its recent spike and it preceeding the decline in equities).

I have a friend and hodler who had over 3m in crypto (and around 75%) of his net wealth. He’s now down in value to about 880K in crypto. I’m trying to comfort him by telling him other assets are declining also ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 06, 2018, 01:45:35 AM
Quote from: Zero2Hero on February 06, 2018, 01:42:25 AM
Gold looks nice, but not when you need to transfer 20k to some complicated economy/rules country in 15mins, during holiday/weekend without leaving your home and without being logged/questioned by various third parties.

Agree entirely. Let alone trying to carry it around (it’s damn heavy to walk around with), or take it on international flights across boarders etc.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 06, 2018, 01:46:34 AM
Quote from: ratherbebig on February 05, 2018, 12:22:45 PM
who cares as long as gib can put up pictures of HIS house! why care for people ! do it the gib way !

Correction - one of his houses :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 06, 2018, 02:15:12 AM
Quote from: obsidian on February 05, 2018, 11:30:38 AM
Nice pad. Post some pics with the cushions moved and maybe turn the TV facing us. Make some moves that will be hard to Photoshop. That should shut up the skeptics. Or a video walking around and then hold a paper with Analbolic's name  written on it and waive it in the air.

Thank you. But seriously - trillions have been lost on the US markets in a day and you want me to be filming myself walking around, moving pillows etc and hodling papers with Mr A’s on it?

PS -‘On a related note, for all the GIBbhaters out there begrudging me for making 240 or so K on Bitcoin, have some compassion for the losses I have suffered on stocks over the last few days. Just let you know and to put into perspective those losses dwarf the gains I made on Bitcoins. So please be happy about this to the extent it makes you feel better :)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on February 06, 2018, 02:21:45 AM
Quote from: Zero2Hero on February 06, 2018, 01:23:06 AM
Fuck off




(http://www.brightfunnel.com/wp-content/uploads/2017/07/Meltdown-770x433.jpg)


Hahahaha!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on February 06, 2018, 02:22:32 AM
Quote from: gib on February 06, 2018, 01:34:15 AM
He is exactly right!



(http://www.brightfunnel.com/wp-content/uploads/2017/07/Meltdown-770x433.jpg)


Hahahaha!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on February 06, 2018, 04:49:25 AM
Quote from: SOMEPARTS on February 06, 2018, 02:21:45 AM



(http://www.brightfunnel.com/wp-content/uploads/2017/07/Meltdown-770x433.jpg)


Hahahaha!

 :D

pump and dump meltdown of peace , the collapse of the bitcoin bubble continues . . .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 06, 2018, 04:55:43 AM
Quote from: gib on February 06, 2018, 01:40:15 AM
Actually he didn’t take a counter position, at least not from an investment perspective - that is he didn’t short btc. And if he had he would have lost money except towards the very end when prices did actually fall. And I bet he’s wishing he did - almost as much as he is wishing be bought them when they were cheap.

...  

 
"BLIPCOINS TO 100K and then 1 MILLION!""BLIPCOINS TO 100K and then 1 MILLION!""BLIPCOINS TO 100K and then 1 MILLION!""BLIPCOINS TO 100K and then 1 MILLION!"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 06, 2018, 04:58:24 AM
Quote from: gib on February 06, 2018, 02:15:12 AM
Thank you. But seriously - trillions have been lost on the US markets in a day and you want me to be filming myself walking around, moving pillows etc and hodling papers with Mr A’s on it?

PS -‘On a related note, for all the GIBbhaters out there begrudging me for making 240 or so K on Bitcoin, have some compassion for the losses I have suffered on stocks over the last few days. Just let you know and to put into perspective those losses dwarf the gains I made on Bitcoins. So please be happy about this to the extent it makes you feel better :)


Wait, you said it was 347K a few pages back. 

Having trouble remembering all your lies?   lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: be back on February 06, 2018, 04:59:56 AM
Quote from: Mr Anabolic on February 06, 2018, 04:58:24 AM

Wait, you said it was 347K a few pages back. 

Having trouble remembering all your lies?   lol

he may be talking post crash.... ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: oldschoolfan on February 06, 2018, 05:05:39 AM
bitcoins are not hidden anymore, the irs is making coinbase turn over all info, so people that were making huge gains are going to be paying taxes,
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 06, 2018, 05:12:07 AM
Quote from: gib on February 06, 2018, 01:36:18 AM
And on the last point, the irony is that Mr A reccomends gold. (Oh but gold is different because it feels real heavy and “has a history of over 5000 years”.


I never said it feels real heavy, but that would be correct.... it IS heavy and real. 

Yes, there is 5000+ years history of gold being money, a store of value and wealth, but you cannot accept this for some reason.   ??? ::)   


Having convos with your own gimmicks is a sign of desperation and mental illness.   

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: be back on February 06, 2018, 05:17:28 AM
Quote from: Mr Anabolic on February 06, 2018, 05:12:07 AM


I never said it feels real heavy, but that would be correct.... it IS heavy and real. 

Yes, there is 5000+ years history of gold being money, a store of value and wealth, but you cannot accept this for some reason.   ??? ::)   


Having convos with your own gimmicks is a sign of desperation and mental illness.   


AND YET WITHOUT A MEDIUM OF EXCHANGE ITS WORTHLESS.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 06, 2018, 05:33:07 AM
Quote from: oldschoolfan on February 06, 2018, 05:05:39 AM
bitcoins are not hidden anymore, the irs is making coinbase turn over all info, so people that were making huge gains are going to be paying taxes,

Blipcoins are a religion and religious organizations are tax free!

These a crypto-cultists all think it's anonymous and that they're above the tax laws.  That was just part of the marketing.      


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 06, 2018, 05:38:50 AM
Quote from: be back on February 06, 2018, 05:17:28 AM
AND YET WITHOUT A MEDIUM OF EXCHANGE ITS WORTHLESS.

This again?  lol

Gold was here way before fiat currency.  Gold stores the wealth and the value.  Banks and governments HOARD gold and silver, not mediums of exchange.

You can keep your green rectangles and I'll keep gold/silver... deal?


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on February 06, 2018, 05:42:13 AM
mr anabolic and his investment.

(http://4.bp.blogspot.com/-Yo4MYhYNYp4/Uja_ORFQcXI/AAAAAAAABQU/cf26fwik45U/s1600/trinidadjames.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 06, 2018, 06:01:22 AM
Quote from: ratherbebig on February 06, 2018, 05:42:13 AM
mr anabolic and his investment.

(http://4.bp.blogspot.com/-Yo4MYhYNYp4/Uja_ORFQcXI/AAAAAAAABQU/cf26fwik45U/s1600/trinidadjames.jpg)

lol - but you could do better than that, I'm sure.

Most hood rats like him do not know the difference between a karat and a carrot.  That nog is most likley wearing 10 karat, only 41% gold content.  The rest is mostly copper.

For anyone interested, here is the % breakdown:

24 karat = 99.5 - 100% gold (pure)
22 karat = 91.7 % gold
18 karat = 75.0 % gold
14 karat = 58.3 % gold
12 karat = 50.0 % gold
10 karat = 41.7 % gold
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Soul Crusher on February 06, 2018, 06:13:24 AM
Lets be real - someone offers one 10k worth of physical gold coins - american eagles or canadian maples.     or 10k of bitcoin -  what does one pic and why?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on February 06, 2018, 06:22:27 AM
Quote from: Soul Crusher on February 06, 2018, 06:13:24 AM
Lets be real - someone offers one 10k worth of physical gold coins - american eagles or canadian maples.     or 10k of bitcoin -  what does one pic and why?

I'd take the gold.  It would be much easier for me to sell.   8)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 06, 2018, 06:24:26 AM
Quote from: Soul Crusher on February 06, 2018, 06:13:24 AM
Lets be real - someone offers one 10k worth of physical gold coins - american eagles or canadian maples.     or 10k of bitcoin -  what does one pic and why?

The gold of course.  No brainer.  

But modern day techies think they can change that.  They want something for nothing... they want to get rich quick and need instant gratification.  It might work for a very short time period, but the scam eventually fails.

The largest stock market/financial/economic crash in history is just around the corner.  It will most likely occur within the next 2 years.  Prepare accordingly.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on February 06, 2018, 06:31:15 AM
Quote from: Mr Anabolic on February 06, 2018, 06:24:26 AM
Prepare accordingly.

This would be a good thread to start.   I'd be interested to see what you think.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on February 06, 2018, 07:11:55 AM
Quote from: Mr Anabolic on February 06, 2018, 05:12:07 AM


I never said it feels real heavy, but that would be correct.... it IS heavy and real.  

Yes, there is 5000+ years history of gold being money, a store of value and wealth, but you cannot accept this for some reason.   ??? ::)  


Having convos with your own gimmicks is a sign of desperation and mental illness.  



Mental illness is seeing gimmics everywhere. As I can guess - Gib is somewhere where it's hot currently and the sun is shining. It is snowing heavy and the temp is negative where I am. We could post a few pics with whatever you want to be written on a paper and show how it is outside, I guess you can't be in summer AND winter at the same time, can you?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on February 06, 2018, 07:13:07 AM
Quote from: Mr Anabolic on February 06, 2018, 05:33:07 AM
Blipcoins are a religion and religious organizations are tax free!

These a crypto-cultists all think it's anonymous and that they're above the tax laws.  That was just part of the marketing.      




Once again - they are very easily anonymous, some are created anonymous from a get go. I will repaet this till you stop posting such bullshit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 06, 2018, 07:13:48 AM
Quote from: Zero2Hero on February 06, 2018, 07:11:55 AM
Mental illness is seeing gimmics everywhere. As I can guess - Gib is somewhere where it's hot currently and sun is shining. It is snowing heavy and the temp is negative where I am. We could post a few pics with whatever you want to be written on a paper and show how it is outside, I guess you can't be in summer AND winter at the same time, can you?

lol 

Give it up you desperate little man.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 06, 2018, 07:14:51 AM
Quote from: Zero2Hero on February 06, 2018, 07:13:07 AM
Once again - they are very easily anonymous, some are created anonymous from a get go. I will repaet this till you stop posting such bullshit.

Hold your blips all the way down.

Hero 2 ZERO!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on February 06, 2018, 07:26:05 AM
Quote from: Mr Anabolic on February 06, 2018, 07:13:48 AM
lol  

Give it up you desperate little man.

(https://ibb.co/cbxudx)
(https://preview.ibb.co/f4Hudx/09.jpg) (https://ibb.co/cbxudx)
GiB?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on February 06, 2018, 07:29:28 AM
Quote from: Mr Anabolic on February 06, 2018, 07:14:51 AM
Hold your blips all the way down.

Hero 2 ZERO!

You seem to have comprehension troubles, but just because you keep ignoring - it won't become truth. I repeat - I do not "hold", never did, never will, I use it to transfer money (ANONYMOUSLY), and many other people use it. Deal with it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on February 06, 2018, 07:29:43 AM
Quote from: Zero2Hero on February 06, 2018, 07:26:05 AM
(https://ibb.co/cbxudx)
(https://preview.ibb.co/f4Hudx/09.jpg) (https://ibb.co/cbxudx)
GiB?

(http://i.dailymail.co.uk/i/pix/2013/10/14/article-0-18BAC49E00000578-738_634x382.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 06, 2018, 07:34:33 AM
Quote from: Zero2Hero on February 06, 2018, 07:29:28 AM
You seem to have comprehension troubles, but just because you keep ignoring - it won't become truth. I repeat - I do not "hold", never did, never will, I use it to transfer money (ANONYMOUSLY), and many other people use it. Deal with it.

Waaaaaa!  lol

How old are you anyway?  You sound like a 16-17 yo kid.  I thought I knew it all back then too. 

Too funny.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on February 06, 2018, 07:38:43 AM
Quote from: Mr Anabolic on February 06, 2018, 07:34:33 AM
Waaaaaa!  lol

How old are you anyway?  You sound like a 16-17 yo kid.  I thought I knew it all back then too.  

Too funny.

Try twice that age, genius.
Very mature speech from your side. You think you've figured it all out, but you don't know even the basics in this case, which makes you sound like a stubborn pensioneer who just doesn't want to acknowledge that some things have changed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 06, 2018, 07:49:47 AM
Quote from: Zero2Hero on February 06, 2018, 07:38:43 AM
Try twice that age, genius.
Very mature speech from your side. You think you've figured it all out, but you don't know even the basics in this case, which makes you sound like a stubborn pensioneer who just doesn't want to acknowledge that some things have changed.

You're still young.  Enjoy it while you can, time goes fast.

Heck, I wish I was eligible for a pension, I'd love the extra pocket money.  I'm 51 and semi-retired.  I work 3 days a week, mainly to stave off boredom.    

Being stubborn and being dumb are two entirely different things... don't confuse them.  Life experience teaches you many things.  Making mistakes (and being able to admit them) can be good thing.  However, it's best to observe and learn from other peoples mistakes... much less costly; emotionally and financially.  

I think you had too much caffeine today.  You're obviously hyped up and very emotional.  Take a deep breath and try to calm down.  Jerk off more often... the serotonin release has a calming effect.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 06, 2018, 08:22:31 AM
Quote from: Zero2Hero on February 06, 2018, 07:26:05 AM
(https://ibb.co/cbxudx)
(https://preview.ibb.co/f4Hudx/09.jpg) (https://ibb.co/cbxudx)
GiB?

Snow?  I though gib was living in the lap of luxury in a beach house (ocean view) counting his 347K in blipcoin profits?

3rd grade humor right there, but I'll bite...

Being "anal" is a good thing.  You view things more critically and more cautiously than most people.  The closer you analyze things, the more precise you will be regarding your career, money matters, relationships, etc.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: manuelsonn on February 06, 2018, 08:43:40 AM
So after 90 pages the bubble finally burst. How much blipcoins did you buyed today, gib?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: calfzilla on February 06, 2018, 10:00:11 AM
Aren't they going up to 100,000 or 1,000,000  ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: be back on February 06, 2018, 10:13:14 AM
Quote from: Mr Anabolic on February 06, 2018, 08:22:31 AM
Snow?  I though gib was living in the lap of luxury in a beach house (ocean view) counting his 347K in blipcoin profits?

3rd grade humor right there, but I'll bite...

Being "anal" is a good thing.  You view things more critically and more cautiously than most people.  The closer you analyze things, the more precise you will be regarding your career, money matters, relationships, etc.

that pic of the beach side villa was too staged
there are lots online
https://www.google.co.uk/search?client=safari&rls=en&dcr=0&biw=1919&bih=973&tbm=isch&sa=1&ei=GfB5WvqaG4GckgWRuaqoAQ&q=beachfront++apartment+&oq=beachfront++apartment+&gs_l=psy-ab.3..0i5i30k1j0i24k1l9.7087.7087.0.7308.1.1.0.0.0.0.61.61.1.1.0....0...1c.1.64.psy-ab..0.1.61....0.YF4DSOlmLmA
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 06, 2018, 10:28:15 AM
Quote from: be back on February 06, 2018, 10:13:14 AM
that pic of the beach side villa was too staged
there are lots online
https://www.google.co.uk/search?client=safari&rls=en&dcr=0&biw=1919&bih=973&tbm=isch&sa=1&ei=GfB5WvqaG4GckgWRuaqoAQ&q=beachfront++apartment+&oq=beachfront++apartment+&gs_l=psy-ab.3..0i5i30k1j0i24k1l9.7087.7087.0.7308.1.1.0.0.0.0.61.61.1.1.0....0...1c.1.64.psy-ab..0.1.61....0.YF4DSOlmLmA

Of course it's fake/staged.  I was being sarcastic. 
   
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: be back on February 06, 2018, 10:31:59 AM
Quote from: Mr Anabolic on February 06, 2018, 10:28:15 AM
Of course it's fake/staged.  I was being sarcastic. 
   

Sorry, I thought you were American...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 06, 2018, 10:44:41 AM
Quote from: be back on February 06, 2018, 10:31:59 AM
Sorry, I thought you were American...

And in the bathroom I would be European.  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on February 06, 2018, 10:49:15 AM
there's only one thing worth investing in - comic books!

and if everything crashes, the shit hits the fan, it can be used as toilet paper.

(https://ichef-1.bbci.co.uk/news/720/media/images/77171000/jpg/_77171136_supermanap_cut.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 06, 2018, 11:05:09 AM
Quote from: ratherbebig on February 06, 2018, 10:49:15 AM
there's only one thing worth investing in - comic books!

and if everything crashes, the shit hits the fan, it can be used as toilet paper.

(https://ichef-1.bbci.co.uk/news/720/media/images/77171000/jpg/_77171136_supermanap_cut.jpg)

I held that one in my hand at the SD Comic-Con in 2002.  It was only worth about 65K then.  Should've bought it.  Now?...

https://www.ebay.com/itm/Action-Comics-DC-1-1938-CBCS-9-0-RESTORED/132494547860?epid=85440284&hash=item1ed94a5b94:g:4pgAAOSwlClad~Og (https://www.ebay.com/itm/Action-Comics-DC-1-1938-CBCS-9-0-RESTORED/132494547860?epid=85440284&hash=item1ed94a5b94:g:4pgAAOSwlClad~Og)

Gib should buy it. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on February 06, 2018, 11:06:56 AM
gib should buy it and post a picture of himself reading it at his ocean property.

maybe write 'gib' on the cover.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 06, 2018, 11:08:04 AM
Quote from: ratherbebig on February 06, 2018, 11:06:56 AM
gib should buy it and post a picture of himself reading it at his ocean property.

maybe write 'gib' on the cover.

lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on February 06, 2018, 01:16:32 PM
Quote from: gib on February 06, 2018, 02:15:12 AM
PS -‘On a related note, for all the GIBbhaters out there begrudging me for making 240 or so K on Bitcoin, have some compassion for the losses I have suffered on stocks over the last few days. Just let you know and to put into perspective those losses dwarf the gains I made on Bitcoins. So please be happy about this to the extent it makes you feel better :)

haha... decent troll, dude
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 06, 2018, 01:56:06 PM
Lol at all the idiots spotting fake gimmicks, fake bank accounts, fake apartments, fake bit coin profits etc. Actually very funny. I would suggest believing what you want and focussing on the topic itself.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 06, 2018, 01:56:59 PM
Quote from: Mr Anabolic on February 06, 2018, 04:58:24 AM

Wait, you said it was 347K a few pages back. 

Having trouble remembering all your lies?   lol

Or maybe a more logical explanation is that it was a typo ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: be back on February 06, 2018, 02:45:57 PM
Quote from: gib on February 06, 2018, 01:56:59 PM
Or maybe a more logical explanation is that it was a typo ...

yes because 240 and 347 are almost identical and could easily be mistyped... ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 06, 2018, 02:50:49 PM
Lol was trying to type 340 (rounding to 10K). Accidentally typed 240.

Is there any way to post a video up on here? Maybe that will suffice to satisfy the doubters!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dave D on February 06, 2018, 02:53:27 PM
Quote from: gib on February 06, 2018, 02:50:49 PM
Lol was trying to type 340 (rounding to 10K). Accidentally typed 240.

Is there any way to post a video up on here? Maybe that will suffice to satisfy the doubters!

Gib shouldn't you have rounded up to 350 and not down to 340?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on February 06, 2018, 03:10:05 PM
Quote from: gib on February 06, 2018, 01:56:06 PM
Lol at all the idiots spotting fake gimmicks, fake bank accounts, fake apartments, fake bit coin profits etc. Actually very funny. I would suggest believing what you want and focussing on the topic itself.



Calling it a "fake gimmick" is being redundant. Tip: Not a lot of people on getbig at 3am but as a night owl it's easy to spot your gimmick posting the same exact times as you.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 06, 2018, 03:20:00 PM
It’s actually morning where I am. Only nighttime if you want it to be...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 06, 2018, 03:22:00 PM
Quote from: SOMEPARTS on February 06, 2018, 03:10:05 PM

Calling it a "fake gimmick" is being redundant. Tip: Not a lot of people on getbig at 3am but as a night owl it's easy to spot your gimmick posting the same exact times as you.

Actually gib is right.  The gimmick thing is insignificant compared to this statement:


"BLIPS TO 100K, then 1 MILLION!"  

"BLIPS TO 100K, then 1 MILLION!"  

"BLIPS TO 100K, then 1 MILLION!"  

"BLIPS TO 100K, then 1 MILLION!"  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 06, 2018, 07:38:14 PM
Quote from: Mr Anabolic on February 06, 2018, 03:22:00 PM
Actually gib is right.  The gimmick thing is insignificant compared to this statement:


"BLIPS TO 100K, then 1 MILLION!"  

"BLIPS TO 100K, then 1 MILLION!"  

"BLIPS TO 100K, then 1 MILLION!"  

"BLIPS TO 100K, then 1 MILLION!"  
Repeat enough and it might even come true ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on February 06, 2018, 09:48:48 PM
Quote from: gib on February 06, 2018, 02:50:49 PM
Lol was trying to type 340 (rounding to 10K). Accidentally typed 240.

Is there any way to post a video up on here? Maybe that will suffice to satisfy the doubters!

no one cares about your profits or losses , the issue is that you gave reckless advice to suit your own interests , not caring if others could have lost a lot or even all their money if they were stupid enough to follow your 'advice' . did you not think how dangerous it was to tell people to buy at 19 000 , or perhaps you did but simply did not care . . . and this is why most people have an issue against you here . . . this kind of behavior is typical of the slimy types involved in pump and dump schemes . . .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 06, 2018, 10:01:33 PM
Quote from: Zero2Hero on February 06, 2018, 07:26:05 AM
(https://ibb.co/cbxudx)
(https://preview.ibb.co/f4Hudx/09.jpg) (https://ibb.co/cbxudx)
GiB?

Here you go boys. Sunny where I am.

Only an illusion if u want to be. Mr A gimmick delusion of peace ...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 06, 2018, 10:03:50 PM
Ps great cross striations on Zero2Hero’s hands ... (no homo).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on February 06, 2018, 10:11:12 PM
Quote from: gib on February 06, 2018, 10:03:50 PM
Ps great cross striations on Zero2Hero’s hands ... (no homo).

you're just trying to change the subject  . . .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 06, 2018, 10:32:53 PM
Quote from: DooM_ on February 06, 2018, 09:48:48 PM
no one cares about your profits or losses , the issue is that you gave reckless advice to suit your own interests , not caring if others could have lost a lot or even all their money if they were stupid enough to follow your 'advice' . did you not think how dangerous it was to tell people to buy at 19 000 , or perhaps you did but simply did not care . . . and this is why most people have an issue against you here . . . this kind of behavior is typical of the slimy types involved in pump and dump schemes . . .

Actually some do care about my profits and losses (please read prior posts).

As for giving advice to "suit my own interests" you are a naive idiot if you think that any advice on getbig, whether from me or anyone else, is going to influence the price in any significant way of an asset class that (at this time of writing) has a market cap of 123 Billion USD. As I explained before there are far far smaller market cap cryptos that I could "pump" if that was my aim. (Even Mr A would understand this and would confirm this for you if that helps). Indeed please read prior posts where I already addressed this comment.

Further, I actually did care about people who might follow my advice, hence my suggestion to not invest more than 1% in BTC of net wealth. Again, please read prior posts.

Further, many people made very good money following my advice, including myself (and indeed missed out on making money following Mr A's advice).

Further, everything I stated here is correct!

But either way, any time you read any type of investment advice, regardless of what forum, caveat emptor, do your own research, and take responsibility for your own decisions.

Hope that helps. Jealousy, idiocy, and lack of personal responsibility for making investment decisions of peace...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: manuelsonn on February 07, 2018, 02:42:34 AM
Lol at gib, you re a ponzi scheme promotor, nothing more
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 07, 2018, 03:51:09 AM
Quote from: manuelsonn on February 07, 2018, 02:42:34 AM
Lol at gib, you re a ponzi scheme promotor, nothing more
Idiot comment of peace (and read my earlier posts on this topic). Bitcoin is as much a “Ponzi scheme” as gold is (or isn’t).

Maybe this helps ... https://decentralize.today/bitcoin-is-the-total-opposite-of-a-ponzi-scheme-heres-why-4d795f0ed
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: oldschoolfan on February 07, 2018, 04:01:04 AM
bitcoin is useless,  it got big when the sick rail road was around, because it allowed criminals to hide there money, those days are about over,  now credit card companies are charging a premium to buy bitcoin with a credit card.  you cannot do much with bit coin to even send it now is not cheap and can take several days ,  unless you want to pay a high premium,
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: oldschoolfan on February 07, 2018, 04:02:15 AM
Quote from: Soul Crusher on February 06, 2018, 06:13:24 AM
Lets be real - someone offers one 10k worth of physical gold coins - american eagles or canadian maples.     or 10k of bitcoin -  what does one pic and why?

i would take the gold coins and then go sell them , the same day  if i unloaded the bitcoin say on coinbase i would bay high fees and the irs is going to get notified
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 07, 2018, 04:42:38 AM
Quote from: manuelsonn on February 07, 2018, 02:42:34 AM
Lol at gib, you re a ponzi scheme promotor, nothing more

Pump and dump thread.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 07, 2018, 04:47:17 AM
Quote from: gib on February 06, 2018, 10:01:33 PM
Here you go boys. Sunny where I am.

Only an illusion if u want to be. Mr A gimmick delusion of peace ...


You're very obsessed with me.  I basically own your little blipcoin brain... not hard to do.   lol


People here can see what's going on now.  My job is done here.   
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on February 07, 2018, 05:04:30 AM
gib telling people to buy bitcoin at 19000 and it was going to 1 million and wasn't a bubble but a 'new paradigm shift' lmao  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on February 07, 2018, 05:26:16 AM
Bitcoin: 'Blood Diamonds' Of The Digital Era

"the only reason Bitcoin has value to anyone is because of the underlying value as a medium of exchange for lawbreakers. If we could flip a switch and eliminate all illegal uses of Bitcoin, there would be nothing left of the cybercurrency."

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on February 07, 2018, 07:03:32 AM
Quote from: Mr Anabolic on February 06, 2018, 07:49:47 AM
You're still young.  Enjoy it while you can, time goes fast.

Heck, I wish I was eligible for a pension, I'd love the extra pocket money.  I'm 51 and semi-retired.  I work 3 days a week, mainly to stave off boredom.    

Being stubborn and being dumb are two entirely different things... don't confuse them.  Life experience teaches you many things.  Making mistakes (and being able to admit them) can be good thing.  However, it's best to observe and learn from other peoples mistakes... much less costly; emotionally and financially.  

I think you had too much caffeine today.  You're obviously hyped up and very emotional.  Take a deep breath and try to calm down.  Jerk off more often... the serotonin release has a calming effect.

Good, no personal offence, good posts on marriage and stuff (have been lurking here for a few years), but my point stands strong: the fate of this NON ponzi project will be determined by the demand, which exists, after all is said and done.
 To put it in other words: you obviously have not used cryptos for "a purpose" and have not experienced the UPsides of it and solely focus on the speculation part. That is your mistake in this case. If you would've done that, you'd have "that" feeling of what it is and how different it is from pretty much every other asset that existed before. That's why I firmly believe that this is far, far from the "end" of a "bubble", just because at it's core it never was a bubble, it may've been used to somewhat similar, but it's not what keeps it afloat. Wait and see
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on February 07, 2018, 07:04:34 AM
Quote from: gib on February 06, 2018, 10:03:50 PM
Ps great cross striations on Zero2Hero’s hands ... (no homo).

Have been leaning out, preparing for the summer. Girls like these forearm veins nomsayin. Good calves, no homo
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on February 07, 2018, 07:06:40 AM
Quote from: ratherbebig on February 07, 2018, 05:26:16 AM
Bitcoin: 'Blood Diamonds' Of The Digital Era

"the only reason Bitcoin has value to anyone is because of the underlying value as a medium of exchange for lawbreakers. If we could flip a switch and eliminate all illegal uses of Bitcoin, there would be nothing left of the cybercurrency."



The "legal" and "illegal" are very relative. The means of control of our personal wealth (by third parties) is universal tho'.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on February 07, 2018, 11:53:39 AM
Quote from: Zero2Hero on February 07, 2018, 07:06:40 AM
The "legal" and "illegal" are very relative. The means of control of our personal wealth (by third parties) is universal tho'.

basically youre supporting crime when dealing with bitcoins.

nobody with morals would ever think of investing in it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 07, 2018, 12:32:47 PM
Quote from: Mr Anabolic link=topic=635701.msg8984833#msg8984833 date=1518007637

People here can see what's going on now.  My job is done here.  
[/quote

Right. Because bitcoin is now around 2000% the price of when you called it a bubble and has more than doubled since this thread started.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 07, 2018, 09:44:07 PM
Quote from: Mr Anabolic on February 06, 2018, 10:28:15 AM
Of course it's fake/staged.  I was being sarcastic.  
  

Goooood morning Mr A. Wrong once again. Only an illusion if you want it to be. Imaginary apartment of peace :)


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on February 07, 2018, 09:47:10 PM
Quote from: gib on February 07, 2018, 09:44:07 PM
Goooood morning Mr A. Wrong again. Only an illusion if you want it to be imageary apartment of peace :)




jump....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on February 07, 2018, 09:48:43 PM
Quote from: gib on February 07, 2018, 09:44:07 PM
Goooood morning Mr A. Wrong again. Only an illusion if you want it to be imageary apartment of peace :)




 (https://16762-presscdn-0-89-pagely.netdna-ssl.com/wp-content/uploads/2017/05/meme.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on February 07, 2018, 09:53:07 PM
Quote from: Zero2Hero on February 07, 2018, 07:03:32 AM
but my point stands strong: the fate of this NON ponzi project will be determined by the demand

design
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on February 08, 2018, 01:04:22 AM
Quote from: gib on February 07, 2018, 09:44:07 PM
Goooood morning Mr A. Wrong once again. Only an illusion if you want it to be. Imaginary apartment of peace :)





Oooh boy  :o :D

Amazing views!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Soul Crusher on February 08, 2018, 01:35:02 AM
Quote from: gib on February 07, 2018, 09:44:07 PM
Goooood morning Mr A. Wrong once again. Only an illusion if you want it to be. Imaginary apartment of peace :)




Sweet pad
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on February 08, 2018, 02:34:51 AM
Quote from: gib on February 07, 2018, 09:44:07 PM
Goooood morning Mr A. Wrong once again. Only an illusion if you want it to be. Imaginary apartment of peace :)




BALLIN OUTTA CONTROL!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on February 08, 2018, 05:26:52 AM
Quote from: gib on February 07, 2018, 09:44:07 PM
Goooood morning Mr A. Wrong once again. Only an illusion if you want it to be. Imaginary apartment of peace :)




Absolutely stunning views from your apartment.  I know you previously said in your country, you don't pay capital gains taxes.  However, do you pay property taxes?  What kind of taxes do you pay on an apartment like this?  Very impressive by the way.  I hope to one day own something half as nice as this. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on February 08, 2018, 11:39:06 AM
Bitcoin looks to be recovering.  Surprising, I thought it was down for the count a few days ago.   :-\
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on February 08, 2018, 12:03:23 PM
humanity will not escape blockchain.. moreover... humanity does not deserve to escape blockchain.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 08, 2018, 12:36:47 PM
Quote from: gib on February 07, 2018, 09:44:07 PM
Goooood morning Mr A. Wrong once again. Only an illusion if you want it to be. Imaginary apartment of peace :)
youtube]KPGYjmSdP2w[/youtube]

Apartment?  Imaginary and illusion are very appropriate words for this Airbnb rental.  

Obfuscating bliptard.  The main issue here is your lack of integrity and you are a disingenuous pump and dumper.  

"BLIPCOINS TO 100K, then 1 MILLION!"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on February 08, 2018, 12:39:19 PM
Quote from: Mr Anabolic on February 08, 2018, 12:36:47 PM
Apartment?  Imaginary and illusion are very appropriate words for this Airbnb rental.  

Obfuscating bliptard.  The main issue here is your lack of integrity and you are a disingenuous pump and dumper.  

"BLIPCOINS TO 100K, then 1 MILLION!"

Are you saying this isn't Gib's apartment?  Are you calling him a liar?   ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on February 08, 2018, 12:47:30 PM
Bitcoin Cash on an absolute tear today.

Up 30% so far.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on February 08, 2018, 12:48:59 PM
Quote from: polychronopolous on February 08, 2018, 12:47:30 PM
Bitcoin Cash on an absolute tear today.

Up 30% so far.

Gib is most likely getting rich, right now.   8)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: be back on February 08, 2018, 12:53:19 PM
Quote from: gib on February 07, 2018, 09:44:07 PM
Goooood morning Mr A. Wrong once again. Only an illusion if you want it to be. Imaginary apartment of peace :)




Looks totally un-lived in, are you the fucking caretaker of the block?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 08, 2018, 12:58:09 PM
Quote from: Twaddle on February 08, 2018, 12:39:19 PM
Are you saying this isn't Gib's apartment?  Are you calling him a liar?   ???

I am saying that it proves nothing.  I could make a vid of my friends mansion in La Jolla and pretend it's mine too.  How would anyone here know the difference?  They wouldn't. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on February 08, 2018, 12:58:32 PM
Quote from: Twaddle on February 08, 2018, 12:48:59 PM
Gib is most likely getting rich, right now.   8)

Backing up the truck as we speak  8)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 08, 2018, 12:59:49 PM
Quote from: polychronopolous on February 08, 2018, 12:47:30 PM
Bitcoin Cash on an absolute tear today.

Up 30% so far.

Dead cat bounces are typical and expected.   Blipcoin mania is OVER and old news.


Anyone see the stock market today?  Another -1000 point loss.  And it's going to get much worse.  I hope you blokes are getting ready for the worst market crash in history.  401k's are going to get wiped out worse than they did in 2008.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on February 08, 2018, 01:02:03 PM
Quote from: Mr Anabolic on February 08, 2018, 12:58:09 PM
my friends mansion in La Jolla

thats worth a pretty penny, I bet.. and wouldn't be the worst place to sit and watch the world burn
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on February 08, 2018, 01:26:36 PM
Quote from: Twaddle on February 08, 2018, 11:39:06 AM
Bitcoin looks to be recovering.  Surprising, I thought it was down for the count a few days ago.   :-\

There will be quite some surprises regarding this, bitcoin is known for these. I've been following it for more years that I've been using it, and it's the same scenario always - crashes, everyone are running around scared (just this time more scared as the value has gone up a lot more) and then when it seems game over - it bounces back. There is a reason - it is being used. I've received 20k from my partner few days ago, cashed out through exchange, will pay taxes next year. Guess what - the increased value paid off my taxes already  :o
 The main mistake of doom/end of the world for bitcoin scenario talkers is they simply does not realize that btc (and other cryptos) are actually being PUT TO USE, besides day trading.

And GiBs pad, airbnb or not, most here are posting from moms basement, dude is livin' it, fact. I wanted to rent out a similar pad in Miami last summer and the nice looking ones were pretty damn expensive for an average joe to be able to afford it for a few weeks, not everyone can even rent something like that. The "proof" at this point won't have an end, first he will have to present the official documents that the property is his, then someone will call him out for creating fake docs, he will have to get some kind of more proof, etc, etc... not worth it. He walks the walk, not just running mouth, respect to where it's due.

p.s.- I have some BCH from the older days, nice to see it recovering also. Will keep it for an undefined time, don't care too much. If it gains traction, I may cash out 20-30k in the future, if not, fuck it, not using it for daily bussiness anyway, yet, tho' it has some advantages over btc, but I do not like the creators behind it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on February 08, 2018, 01:34:18 PM
https://www.cnbc.com/2018/02/07/bitcoin-price-could-hit-50000-this-year-experts-say.html


It will bounce back, hard, like it've done many, many times already. Enjoy the show that's comming.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 08, 2018, 03:11:16 PM
Thanks man. Yeah it’s an awesome spot. I literally wake up happy every single day living here with this view and morning coffee / surf etc.

Some awesome lightening storms at night too sometimes.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 08, 2018, 03:14:12 PM
Quote from: Mr Anabolic on February 08, 2018, 12:58:09 PM
I am saying that it proves nothing.  I could make a vid of my friends mansion in La Jolla and pretend it's mine too.  How would anyone here know the difference?  They wouldn't. 

Lol ever the skeptic who refuses to accept reality. Just be happy for me Mr A. It’s all good - we are all friends
here having a laugh.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 08, 2018, 03:21:25 PM
Quote from: gib on February 08, 2018, 03:14:12 PM
Lol ever the skeptic who refuses to accept reality. Just be happy for me Mr A. It’s all good - we are all friends
here having a laugh.

I am happy for you!  You're doing all the things now that I did 20 years ago.


Never give up... never surrender!


BLIPS TO 100K, then 1 MILLION!    ;D

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 08, 2018, 03:25:27 PM
Quote from: Zero2Hero on February 08, 2018, 01:34:18 PM
https://www.cnbc.com/2018/02/07/bitcoin-price-could-hit-50000-this-year-experts-say.html


It will bounce back, hard, like it've done many, many times already. Enjoy the show that's comming.

(https://education.uwsp.edu/_images/yoda1.jpg)


Gotta love these diehard blipcon devotees!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on February 08, 2018, 03:28:29 PM
Quote from: Mr Anabolic on February 08, 2018, 03:25:27 PM
(https://education.uwsp.edu/_images/yoda1.jpg)


Gotta love these diehard blipcon devotees!

Better buy this time  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on February 08, 2018, 03:48:28 PM
Quote from: gib on February 08, 2018, 03:11:16 PM
Thanks man. Yeah it’s an awesome spot. I literally wake up happy every single day living here with this view and morning coffee / surf etc.

Some awesome lightening storms at night too sometimes.

Mr Gib, do you own this condo or rent?  If you don't mind me asking, how much does something like this cost in your country?  I feel like my dollar could be better spent elsewhere.  Possibly South America, or somewhere in Asia.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 08, 2018, 05:30:44 PM
Quote from: Zero2Hero on February 08, 2018, 03:28:29 PM
Better buy this time  :D

Nah, I'll wait till it's back to $100, maybe $50.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on February 08, 2018, 05:52:45 PM
Mr. Gib's lack of details on his condo, make it seem that maybe it is an Airbnb.  It does seem awfully clean.  Mr. A raises a good point.  This could be a friends place.   :-\
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 08, 2018, 08:25:58 PM
I have a cleaner who is constantly cleaning and tidying - comes an hour each day. But am also a very tidy person.  Will reply a little later to other messages and comments.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on February 08, 2018, 09:27:10 PM
Quote from: Twaddle on February 08, 2018, 05:52:45 PM
Mr. Gib's lack of details on his condo, make it seem that maybe it is an Airbnb.  It does seem awfully clean.  Mr. A raises a good point.  This could be a friends place.   :-\

this thread is about bitcoin , not some guys apartment , he's just trying to change the subject from the fact that he gave reckless and dangerous advice to people and did not care like a complete sociopath
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 09, 2018, 02:39:31 AM
Quote from: DooM_ on February 08, 2018, 09:27:10 PM
this thread is about bitcoin , not some guys apartment , he's just trying to change the subject from the fact that he gave reckless and dangerous advice to people and did not care like a complete sociopath

I agree. My wealth (or lack of it, depending on what you want to believe) is irrelevant to who is right or wrong on the various topics related to bitcoin.

If you read the whole thread you will see it was Mr A who brought up the topic of my wealth in an attempt to discredit me. He dug up an old post from 2010 on a “what’s your net wealth” topic where I stated mine was 6m and used that to try to show that my income could not possible be 500k per annum. I then explained that 6m in 2010 invested even at just tracking the US markets would have increased 250% until now (and of course if well invested and/or leveraged (which is of course what I did) it would have increased far beyond that. And then, if you take a conservative yield of say 2.5-3% it’s quite easy to see how 500k a year net income is quite feasible from the asset base I now have. Mr A then pushed me to post screenshots etc and various other “evidence” which I eventually gave into, to teach him a lesson :)

But again, I don’t claim that my prior financial success means that my views on topics are more valid than those of others.

As for your statement that my advice was reckless and dangerous, I have always only stated facts that are accurate. I answered below for you already.

Quote from: gib on February 06, 2018, 10:32:53 PM
Actually some do care about my profits and losses (please read prior posts).

As for giving advice to "suit my own interests" you are a naive idiot if you think that any advice on getbig, whether from me or anyone else, is going to influence the price in any significant way of an asset class that (at this time of writing) has a market cap of 123 Billion USD. As I explained before there are far far smaller market cap cryptos that I could "pump" if that was my aim. (Even Mr A would understand this and would confirm this for you if that helps). Indeed please read prior posts where I already addressed this comment.

Further, I actually did care about people who might follow my advice, hence my suggestion to not invest more than 1% in BTC of net wealth. Again, please read prior posts.

Further, many people made very good money following my advice, including myself (and indeed missed out on making money following Mr A's advice).

Further, everything I stated here is correct!

But either way, any time you read any type of investment advice, regardless of what forum, caveat emptor, do your own research, and take responsibility for your own decisions.

Hope that helps. Jealousy, idiocy, and lack of personal responsibility for making investment decisions of peace...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 09, 2018, 02:46:01 AM
Quote from: Mr Anabolic on February 08, 2018, 05:30:44 PM
Nah, I'll wait till it's back to $100, maybe $50.

We are making progress. So you admit now that you would actually buy bitcoin at a certain price level? If so we will have made some major progress! Can you confirm please?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 09, 2018, 02:52:15 AM
Quote from: Twaddle on February 08, 2018, 03:48:28 PM
Mr Gib, do you own this condo or rent?  If you don't mind me asking, how much does something like this cost in your country?  I feel like my dollar could be better spent elsewhere.  Possibly South America, or somewhere in Asia.


Own (with mortgage). In USD I would estimate around 1.3m.

In terms of “my own country” I actually reside in numerous countries. Real estate is expensive in prime spots globally and also in many parts of Asia. However yes there are still many places where the USD goes a long way and you can live an amazing life but there is often a compromise (eg health care, education level, political climate, safety, employment opportunities, etc). And the counties where I have most my investments property is really expensive as is what tends to happen in low tax locations.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 09, 2018, 02:55:33 AM
Quote from: Mr Anabolic on February 08, 2018, 03:21:25 PM
I am happy for you!  You're doing all the things now that I did 20 years ago.


Never give up... never surrender!


BLIPS TO 100K, then 1 MILLION!    ;D



Thank you! And we are not so different in age as you might think. But no matter what age we should all be living life to the fullest and maximising happiness.

I must say though I worked damn hard for what I have so I really feel I have earned and deserve the right to enjoy it :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 09, 2018, 03:08:41 AM
Quote from: Twaddle on February 08, 2018, 05:26:52 AM
Absolutely stunning views from your apartment.  I know you previously said in your country, you don't pay capital gains taxes.  However, do you pay property taxes?  What kind of taxes do you pay on an apartment like this?  Very impressive by the way.  I hope to one day own something half as nice as this. 

Many thanks Twaddle.

I live, for tax reasons in a country where I pay no capital gains tax on stock or property (or any asset actually including bitcoins). But I of course pay body corporate fees for each apartment. In the low tax countries any land tax is very nominal.

But this particular apartment in the clip I use for perhaps 3-4 months a year and it’s in a country where I do pay land tax and capital gains tax of around 40% on the capital gain minus deductions (if I were to sell it). Whilst I hate the concept of such a tax it’s unavoidable (unless of course I rented). In many countries I visit I of course also pay goods and services tax on anything I spend (again unavoidable).

Let me know if this answers your questions. You will get a place like this if you plan carefully and work hard and smart with a long term goal in mind. I know is doable as I started literally with nothing. One day I might tell the whole story of my life so far ...

PS I take it then that the banking screenshot you posted a while back was fake? I thought it was legit!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 09, 2018, 03:09:57 AM
Quote from: polychronopolous on February 08, 2018, 02:34:51 AM
BALLIN OUTTA CONTROL!!

Thank you.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 09, 2018, 03:10:32 AM
Quote from: Soul Crusher on February 08, 2018, 01:35:02 AM
Sweet pad

Yes indeed. Thank you!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 09, 2018, 03:11:30 AM
Quote from: Zero2Hero on February 08, 2018, 01:04:22 AM

Oooh boy  :o :D

Amazing views!

Thanks. Yes never get sick of the view. It’s stunning.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 09, 2018, 03:47:45 AM
Quote from: gib on February 09, 2018, 02:52:15 AM
Own (with mortgage). In USD I would estimate around 1.3m.

In terms of “my own country” I actually reside in numerous countries. Real estate is expensive in prime spots globally and also in many parts of Asia. However yes there are still many places where the USD goes a long way and you can live an amazing life but there is often a compromise (eg health care, education level, political climate, safety, employment opportunities, etc). And the counties where I have most my investments property is really expensive as is what tends to happen in low tax locations.

PS check this out http://www.news.com.au/travel/world-travel/central-america/puertopia-the-new-crypto-utopia-for-billionaires/news-story/49d1e6e1ad2df05a6cbf07dbbf466127
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on February 09, 2018, 05:27:28 AM
Quote from: gib on February 09, 2018, 02:52:15 AM
Own (with mortgage). In USD I would estimate around 1.3m.

In terms of “my own country” I actually reside in numerous countries. Real estate is expensive in prime spots globally and also in many parts of Asia. However yes there are still many places where the USD goes a long way and you can live an amazing life but there is often a compromise (eg health care, education level, political climate, safety, employment opportunities, etc). And the counties where I have most my investments property is really expensive as is what tends to happen in low tax locations.

Very interesting.   :-\  You say you own this condo and pay mortgage, but it looks strikingly similar to the "ULTIQA Air On Broadbeach" hotel in Australia.  Your furniture even looks the same.  Same rug, same coffee table, same little speakers, same television table.  I'd swear this is an ULTIQA hotel room.  Did ULTIQA sell you one of their hotel rooms?   ???

https://www.tripadvisor.com/Hotel_Review-g658842-d656135-Reviews-ULTIQA_Air_On_Broadbeach-Broadbeach_Gold_Coast_Queensland.html#photos;geo=658842&detail=656135&aggregationId=101 (https://www.tripadvisor.com/Hotel_Review-g658842-d656135-Reviews-ULTIQA_Air_On_Broadbeach-Broadbeach_Gold_Coast_Queensland.html#photos;geo=658842&detail=656135&aggregationId=101)

Your condo:
(https://s17.postimg.org/4bcc67tzj/image.gif)
(https://s17.postimg.org/vohj0q873/image.png)
(https://s17.postimg.org/yikoe6psv/image.png)

Various ULTIQA Air On Broadbeach hotel rooms:
(https://s17.postimg.org/ivtf0z4cv/image.png)
(https://s17.postimg.org/ojzprvgf3/image.png)
(https://s17.postimg.org/o78blpdkv/image.png)
(https://s17.postimg.org/arlaw7n2n/image.png)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on February 09, 2018, 05:29:39 AM
Furthermore, the following picture appears to be taken from a balcony at the Meriton Suites Broadbeach.  If you have your own condo, why would you be at the Meriton Suites?

Mr. Gib:
(https://s17.postimg.org/9129uc0a7/image.gif)

Meriton Suites:
(https://s17.postimg.org/mw0kcwplb/image.png)
(https://media-cdn.tripadvisor.com/media/photo-s/0c/01/32/cd/showing-construction.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: be back on February 09, 2018, 05:31:18 AM
Quote from: Twaddle on February 09, 2018, 05:29:39 AM
Furthermore, the following picture appears to be taken from a balcony at the Meriton Suites Broadbeach.  If you have your own condo, why would you be at the Meriton Suites?

Mr. Gib:
(https://s17.postimg.org/9129uc0a7/image.gif)

Meriton Suites:
(https://s17.postimg.org/mw0kcwplb/image.png)


hes a bellboy...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on February 09, 2018, 05:34:10 AM
Quote from: be back on February 09, 2018, 05:31:18 AM
hes a bellboy...

Really?   ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 09, 2018, 12:01:40 PM
Quote from: Twaddle on February 09, 2018, 05:27:28 AM
Very interesting.   :-\  You say you own this condo and pay mortgage, but it looks strikingly similar to the "ULTIQA Air On Broadbeach" hotel in Australia.  Your furniture even looks the same.  Same rug, same coffee table, same little speakers, same television table.  I'd swear this is an ULTIQA hotel room.  Did ULTIQA sell you one of their hotel rooms?   ???

https://www.tripadvisor.com/Hotel_Review-g658842-d656135-Reviews-ULTIQA_Air_On_Broadbeach-Broadbeach_Gold_Coast_Queensland.html#photos;geo=658842&detail=656135&aggregationId=101 (https://www.tripadvisor.com/Hotel_Review-g658842-d656135-Reviews-ULTIQA_Air_On_Broadbeach-Broadbeach_Gold_Coast_Queensland.html#photos;geo=658842&detail=656135&aggregationId=101)

Your condo:
(https://s17.postimg.org/4bcc67tzj/image.gif)
(https://s17.postimg.org/vohj0q873/image.png)
(https://s17.postimg.org/yikoe6psv/image.png)

Various ULTIQA Air On Broadbeach hotel rooms:
(https://s17.postimg.org/ivtf0z4cv/image.png)
(https://s17.postimg.org/ojzprvgf3/image.png)
(https://s17.postimg.org/o78blpdkv/image.png)
(https://s17.postimg.org/arlaw7n2n/image.png)


Pretty good cyber sluthing!

All privately owned, but owners can put their units into a leasing pool - there is an onsite management company that manages all the leasing etc. So obviously a very good yield.

Here's a advert of one for sale: https://www.raywhite.com/qld/broadbeach/966647 - We usually refer to the condo as "Air". Ultiqa is the management company's name.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on February 15, 2018, 09:55:49 AM
Back from the grave?

Bitcoin hits 10k once again.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on February 15, 2018, 11:22:31 AM
Quote from: polychronopolous on February 15, 2018, 09:55:49 AM
Back from the grave?

Bitcoin hits 10k once again.

According to Mr.A it should've been dead by now  ::)


You've seen nothing yet, 20k was just a fraction.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: NelsonMuntz on February 15, 2018, 01:31:32 PM
Quote from: gib on February 09, 2018, 03:47:45 AM
PS check this out http://www.news.com.au/travel/world-travel/central-america/puertopia-the-new-crypto-utopia-for-billionaires/news-story/49d1e6e1ad2df05a6cbf07dbbf466127

yeah and check this out  :o

http://www.crazydaysandnights.net/2018/02/todays-blind-items-warmer-waters-mr.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: NelsonMuntz on February 15, 2018, 01:33:30 PM
Making a Crypto Utopia in Puerto Rico
Leer en español
By NELLIE BOWLESFEB. 2, 2018

They call what they are building Puertopia. But then someone told them, apparently in all seriousness, that it translates to “eternal boy playground” in Latin. So they are changing the name: They will call it Sol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 15, 2018, 03:34:02 PM
Crickets from Mr A. Both on this thread on his “Dow to 10,000 then 1000 thread” ... :)

But rest assured as soon as we see a downturn in either he will back back.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on February 16, 2018, 09:19:37 AM
Quote from: gib on February 15, 2018, 03:34:02 PM
Crickets from Mr A. Both on this thread on his “Dow to 10,000 then 1000 thread” ... :)

But rest assured as soon as we see a downturn in either he will back back.



I think this is the breaking point when Mr.A is shaking his head in disbelief and secretly reevaluating his old beliefs regarding this topic. He will probably even buy some, or already have done that, but won't admit.

Funny, but even 20k investment just a few weeks ago would've netted a very expensive and long holiday trip somewhere with a view like one from your apartment.
 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on February 16, 2018, 10:53:25 AM
Quote from: gib on February 15, 2018, 03:34:02 PM
Crickets from

lol.. u really r a pathetic piece of shit.. a truly foolish clown.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 16, 2018, 11:13:53 AM
Quote from: Zero2Hero on February 16, 2018, 09:19:37 AM
I think this is the breaking point when Mr.A is shaking his head in disbelief and secretly reevaluating his old beliefs regarding this topic. He will probably even buy some, or already have done that, but won't admit.

Funny, but even 20k investment just a few weeks ago would've netted a very expensive and long holiday trip somewhere with a view like one from your apartment.
 

Not to mention posting from his Zillotch gimmick :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: JAGO on February 16, 2018, 12:14:32 PM
Kinda wonder if Mr.A is Big A from profesionalmuscle.com. There are a few pics of Big A's calves and if I recall, they were gastroc dominant. I'm going to compare.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: JAGO on February 16, 2018, 12:37:31 PM
Similar . . . big knees, flat gastroc's and pronounced ankles. There is another pic ( can't find it yet ) but its a close up of his gastroc - very similar.

J
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 16, 2018, 02:07:54 PM
Quote from: JAGO on February 16, 2018, 12:14:32 PM
Kinda wonder if Mr.A is Big A from profesionalmuscle.com. There are a few pics of Big A's calves and if I recall, they were gastroc dominant. I'm going to compare.

The one in that photo is apparently 'gib'.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 16, 2018, 03:35:38 PM
I have nothing like those short stumpy legs and calves like in that pic.

My calves have always been ok but not stunning. Weirdly they have started growing last few years - haven’t changed how I train them at all.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 16, 2018, 03:38:23 PM
Quote from: Zillotch on February 16, 2018, 10:53:25 AM
lol.. u really r a pathetic piece of shit.. a truly foolish clown.

Jealousy and envy of peace.
 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on February 16, 2018, 03:42:03 PM
Quote from: gib on February 16, 2018, 03:35:38 PM
My calves have always been ok but not stunning. Weirdly they have started growing last few years - haven’t changed how I train them at all.

swelling up for no reason, is most likely a sign of terminal illness
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on February 16, 2018, 03:45:41 PM
Quote from: gib on February 16, 2018, 11:13:53 AM
Not to mention posting from his Zillotch gimmick :)

Quote from: gib on February 16, 2018, 03:38:23 PM
Jealousy and envy of peace.

r u saying that mr a is jealous ur shoe box 'apartment'? lol

u r clueless
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on February 16, 2018, 03:52:42 PM
also, dont u live in some 3rd world shit hole?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on February 16, 2018, 04:10:04 PM
Quote from: Zillotch on February 16, 2018, 03:52:42 PM
also, dont u live in some 3rd world shit hole?

gotta wonder why a guy wants to live in a place where the laws may b a little more 'relaxed', in some ways... if u know what I mean.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on February 17, 2018, 03:39:45 PM
Bitcoin hits 11k

Up 40% this week. Resilient.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zero2Hero on February 17, 2018, 03:46:42 PM
Quote from: polychronopolous on February 17, 2018, 03:39:45 PM
Bitcoin hits 11k

Up 40% this week. Resilient.

It's just getting traction. I'd say 30 or maybe even 40k is on the radar, due to certain personal insights that I have. Not a HODL'er at all, but I will keep some significant amount this time around.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 17, 2018, 03:52:42 PM
Quote from: Zillotch on February 16, 2018, 03:42:03 PM
swelling up for no reason, is most likely a sign of terminal illness
Western Union testing Ripple. Yeah, no use at all.

https://www.msn.com/en-us/news/msn/western-union-says-its-testing-transactions-with-ripple/ar-BBJ62Z0

https://finance.yahoo.com/news/ripple-ceo-brad-garlinghouse-solving-problem-measured-trillions-dollars-205054693.html

Don't be a dinosaur. Crypto Currencies are not going away.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on February 17, 2018, 03:55:55 PM
Quote from: obsidian on February 17, 2018, 03:52:42 PM
Western Union testing Ripple. Yeah, no use at all.

Don't be a dinosaur. Crypto Currencies are not going away.

what r u trying to say, imbecile?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 17, 2018, 06:49:36 PM
Bitcoin. First almost worthless, then 1/1000th of a cent, then 1/100th of a cent, then 1/10th of a cent, then 1 cent, then $1, then $10, then $100, then $1000, then $10000, then ...

Only a bubble if you want it to be ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on February 17, 2018, 07:00:27 PM
all of u r missing the point, still. u should be doing everything in your power to stop this shit... blockchain is the end of your freedom as u know it. some people have to learn the hard way.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 17, 2018, 07:18:00 PM
Quote from: Zillotch on February 17, 2018, 07:00:27 PM
all of u r missing the point, still. u should be doing everything in your power to stop this shit... blockchain is the end of your freedom as u know it. some people have to learn the hard way.

Wrong. Only if it’s centralised and government controlled. Bitcoin on the other hand is decentralised with the power in the hands of the people. Please educate yourself - blockchain is a technology which does not inherently equate to government control. Indeed bitcoin is based on blockchain which threatens government control.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 17, 2018, 07:19:59 PM
Quote from: Zillotch on February 16, 2018, 03:45:41 PM
r u saying that mr a is jealous ur shoe box 'apartment'? lol

u r clueless

Sorry need to correct you. Should be “apartments” (plural). Not sure if he is jealous. Maybe he is happy for me. Why make negative assumptions?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 17, 2018, 07:23:49 PM
Quote from: Zillotch on February 16, 2018, 03:52:42 PM
also, dont u live in some 3rd world shit hole?

I live in a number of locations and spend most of my time outside of the US. All my overseas locations are preferable to the US on many levels, whether tax, cost of living, quality of food, climate, beaches, less risk of gun violence etc. To many of us outside of the US, given all we see happening socially and politically in the US it’s really that on many levels US could be considered the “shithole”. But each to his own.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: titusisback on February 17, 2018, 08:35:13 PM
Quote from: gib on February 17, 2018, 07:18:00 PM
bitcoin is based on blockchain which threatens government control.

Exactly. When governments ban this stuff I just laugh. It means they don't understand it and their reaction is to make it "illegal". LOL.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Ted SuperSet on February 17, 2018, 10:26:04 PM
Quote from: gib on February 17, 2018, 07:23:49 PM
I live in a l number of locations. All of which are preferable to the US on many levels, whether tax, cost of living, quality of food, climate, beaches, less risk of gun violence etc. To many of us outside of the US, given all we see happening socially and politically in the US it’s really that on many levels US could be considered the “shithole”. But each to his own.

Agree fully
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 17, 2018, 10:42:47 PM
Quote from: Zillotch on February 17, 2018, 03:55:55 PM
what r u trying to say, imbecile?
Checked again and saw your post was about something else. Nevermind the message still applies. Don't be a moron, moron.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on February 17, 2018, 10:57:59 PM
Quote from: obsidian on February 17, 2018, 10:42:47 PM
Checked again

if u wanna check on something... look into blockchain... which came out of cern, btw

nothing good comes out of cern.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 17, 2018, 11:03:10 PM
Quote from: Zillotch on February 17, 2018, 10:57:59 PM
if u wanna check on something... look into blockchain... which came out of cern, btw

nothing good comes out of cern.
How is the "Federal Reserve" any better? You're comfortable with that arrangement?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on February 17, 2018, 11:17:40 PM
Quote from: obsidian on February 17, 2018, 11:03:10 PM
How is the "Federal Reserve" any better? You're comfortable with that arrangement?

blockchain will enable a system of absolute control - true enslavement. forget about currency... blockchain will invade every aspect of your life... its happening now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Agnostic007 on February 17, 2018, 11:19:15 PM
Made 60% Friday on CDN, anyone else riding this gravy train?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 20, 2018, 02:56:26 AM
More crickets ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on April 24, 2018, 10:26:11 AM
Bitcoin Surpasses $9,400 As Bullish Sentiment Wins Out

 
Bitcoin climbed above $9,400 today. Shutterstock

Bitcoin prices rose above $9,400 today, pushing higher as the market benefits from the return of positive sentiment.

The world's largest digital currency by market value reached $9,407.81, according to the CoinDesk Bitcoin Price Index (BPI).

At this price, Bitcoin was up 46% from the recent low of $6,443.20 on April 1 and at its highest in more than a month, additional BPI figures show.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

'A Positive Shift'

"Bitcoin's spot price has definitely seen a positive shift in sentiment and momentum over the past week," said Joe DiPasquale, CEO of cryptocurrency fund of hedge funds BitBull Capital.


"Some big players have recently entered the space, and many of the circumstantial barriers that were feeding the bears appear to have lifted," he added.

"All indications show this should be the start of a nice, steady climb."

Widespread Confidence

While Bitcoin prices have risen lately, they have not been alone in this respect.

At the time of this report, 24 of the top 25 cryptocurrencies by market capitalization (market cap) were up over the last 24 hours, CoinMarketCap data reveals.

The digital currency markets are benefiting from widespread confidence, stated Matthew Newton, Analyst at social trading platform eToro.

Crypto 'Here To Stay'

"The bulls are back in charge," said Jeff Koyen, CEO of 360 Blockchain USA.

He elaborated on this statement, speaking to the current state of digital currencies.

"Some of the credit goes to big names like Soros and Rockefeller stepping into the ring, but it's bigger than that."

"As I predicted a few months ago, the Q1 downturn was the perfect opportunity for crypto to take a deep breath and look in the mirror," he mused.

However, "Bitcoin will not reach $20,000 again without a certain amount of regulation and sobriety," he stated, emphasizing that regulatory frameworks surrounding digital currencies could still benefit from substantial improvement.

"Cryptocurrency is here to stay," said Koyen, emphasizing that it is "time for regulations to catch up."
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on April 24, 2018, 10:32:26 AM
Glad I didn’t cash out.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on April 24, 2018, 10:36:50 AM
Quote from: HTexan on April 24, 2018, 10:32:26 AM
Glad I didn’t cash out.

X2

Ethereum has went from $395 to $705 in about 2 weeks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on April 24, 2018, 11:00:28 AM
Watch litecoin.Its the best crypto I’d say.Did a 99 million transfer in seconds for .40 cents.Has so much stuff happening for it right now,partnership will aliant,ten x.Abra exchange.Litecoin will be a few thousand this year.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on April 24, 2018, 11:14:05 AM
Quote from: robcguns on April 24, 2018, 11:00:28 AM
Watch litecoin.Its the best crypto I’d say.Did a 99 million transfer in seconds for .40 cents.Has so much stuff happening for it right now,partnership will aliant,ten x.Abra exchange.Litecoin will be a few thousand this year.

Bitcoin Cash has been on a tear here lately. It will be interesting to see how those 2 currencies co-exist in the coming months,years.

I think alot of Litecoin holders were spooked when Charlie Lee sold a bunch of his Litecoin but it has rebounded nicely, no question about it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on April 24, 2018, 11:41:16 AM
Quote from: polychronopolous on April 24, 2018, 11:14:05 AM
Bitcoin Cash has been on a tear here lately. It will be interesting to see how those 2 currencies co-exist in the coming months,years.

I think alot of Litecoin holders were spooked when Charlie Lee sold a bunch of his Litecoin but it has rebounded nicely, no question about it.

Btrash is a scam and big pump and dump.But it is running like crazy now,wonder if it will hit 5k again.Yeah Charlie lee selling did cause a big hit and if he didn’t sell I think ltc would be around 1000 easy.It is the most undervalued coin in existence.Faster than bitcoin,cheaper than bitcoin,just not the bitcoin name.It should easily be 1/4 bitcoin like everyone says and it will be soon.Bitcoin cash will eventually be realized for what it is and that is a quick buck,while ltc will be realized as the fastest cheapest transacting currency imo.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on April 24, 2018, 12:11:57 PM
Quote from: robcguns on April 24, 2018, 11:41:16 AM
Btrash is a scam and big pump and dump.But it is running like crazy now,wonder if it will hit 5k again.Yeah Charlie lee selling did cause a big hit and if he didn’t sell I think ltc would be around 1000 easy.It is the most undervalued coin in existence.Faster than bitcoin,cheaper than bitcoin,just not the bitcoin name.It should easily be 1/4 bitcoin like everyone says and it will be soon.Bitcoin cash will eventually be realized for what it is and that is a quick buck,while ltc will be realized as the fastest cheapest transacting currency imo.

I haven't really followed the Bitcoin Cash situation too closely but I read they recently put together some sort of big network and the price shot up pretty soon afterwards?

Litecoin huh? I might have to look into that one.

The market is still largely coupled to Bitcoin for the time being though.

If it can push past 10k I think we can see a big time bull run for ALL the major alt coins as well.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on April 24, 2018, 01:48:05 PM
Quote from: polychronopolous on April 24, 2018, 12:11:57 PM
I haven't really followed the Bitcoin Cash situation too closely but I read they recently put together some sort of big network and the price shot up pretty soon afterwards?

Litecoin huh? I might have to look into that one.

The market is still largely coupled to Bitcoin for the time being though.

If it can push past 10k I think we can see a big time bull run for ALL the major alt coins as well.



Litecoin is bitcoins little brother,as they say silver to bitcoins gold.Check out what’s going on.like I said 99 million dollar transfer on the lightning network thru litecoin took seconds and cost .40 cents.i did a 8500 bank wire the other day and it took 6 hours and cost 30.00.Nothing can compare with litecoin.litecoin is at 164 if you are into crypto definitely buy some ltc.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Irongrip400 on April 24, 2018, 03:34:44 PM
Quote from: robcguns on April 24, 2018, 01:48:05 PM
Litecoin is bitcoins little brother,as they say silver to bitcoins gold.Check out what’s going on.like I said 99 million dollar transfer on the lightning network thru litecoin took seconds and cost .40 cents.Nothing can compare with that.litecoin is at 164 if you are into crypto definitely buy some ltc.

How do I buy? I actually saw a Bitcoin atm in a store the other day.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on April 24, 2018, 04:38:20 PM
Quote from: Irongrip400 on April 24, 2018, 03:34:44 PM
How do I buy? I actually saw a Bitcoin atm in a store the other day.

Open a coinbase account,prob easiest way to get litecoin,bitcoin,ethereum and bitcoin trash.ive bought all my ltc thru coinbase.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on April 24, 2018, 04:43:49 PM
Quote from: Irongrip400 on April 24, 2018, 03:34:44 PM
How do I buy? I actually saw a Bitcoin atm in a store the other day.

Or download the abra app.its new and really good for 50 fiat currencies and 20 different crypto currencies
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on April 27, 2018, 01:05:16 PM
https://www.yahoo.com/finance/news/litecoin-founder-lee-regrets-dumping-145356030.html


Charlie Lee is an asshole. Just letting everybody know that he's willing to buy back in at 40% of what he sold at. DICK....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on April 27, 2018, 02:45:47 PM
Quote from: SOMEPARTS on April 27, 2018, 01:05:16 PM
https://www.yahoo.com/finance/news/litecoin-founder-lee-regrets-dumping-145356030.html


Charlie Lee is an asshole. Just letting everybody know that he's willing to buy back in at 40% of what he sold at. DICK....

Yes he is but a fucking genius that forked the most use case crypto to date.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tres_taco_combo on April 28, 2018, 09:45:52 PM
i was given a tip to buy ripple this summer  august maybe?


 i never acted on it, was going to buy in april 2018 i told myself in august, ripple was 15-18 cents forever. i wanted to wait till after my taxes were done which were semi complicated and i missed out

also in aug 2017  you couldnt buy it with a credit card, you had to buy bitcoin then transfer around

my goal was to buy $3k to $4k of it.... my brother and i lost our shit when it hit $4.00 area in Dec/Jan

i never would have sold it at $4.00 either. i would have seen it go way up then way down. still a nice gain but i would have bought and hold.

i did try to buy some around $2.50-$3.00 and my credit card declined the offer  -thank god
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on May 04, 2018, 06:44:26 AM
Newsflash: Ethereum Price Bursts Through $800 as Bulls Maintain Momentum

(http://248qms3nhmvl15d4ne1i4pxl-wpengine.netdna-ssl.com/wp-content/uploads/2018/05/punch-through-760x400.jpg)

The ethereum price cracked the $800 mark on Friday, as the market shook off impending regulatory concerns to reach its highest point since early March.

The world’s second-largest cryptocurrency entered the month below $650 but has gone on a tear in the three days since. That rally continued this morning, and the ethereum price broached $800 on Bitfinex shortly before 12:00 UTC.

At the time of writing, ETH was trading slightly below that mark at $799 and boasted a circulating market cap of $79.3 billion.

ethereum price
ETH Price Chart
The rally came on the heels of bullish sentiment from Reddit co-founder Alexis Ohanian, who is also a founding partner of VC firm Initialized Capital. Ohanian predicted that the ethereum price will reach $1,500 before the end of the year, though his comments attracted even more headlines due to the fact that he initially misspoke and said $15,000.

Notably, this price movement appears to indicate that traders and investors are not concerned by reports that US regulators will meet on Monday to discuss whether ethereum and certain other large cryptocurrencies are securities under federal law.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 06, 2018, 12:02:45 AM
Quote from: tres_taco_combo on April 28, 2018, 09:45:52 PM
i was given a tip to buy ripple this summer  august maybe?


 i never acted on it, was going to buy in april 2018 i told myself in august, ripple was 15-18 cents forever. i wanted to wait till after my taxes were done which were semi complicated and i missed out

also in aug 2017  you couldnt buy it with a credit card, you had to buy bitcoin then transfer around

my goal was to buy $3k to $4k of it.... my brother and i lost our shit when it hit $4.00 area in Dec/Jan

i never would have sold it at $4.00 either. i would have seen it go way up then way down. still a nice gain but i would have bought and hold.

i did try to buy some around $2.50-$3.00 and my credit card declined the offer  -thank god
Don't buy with a CC lol! The fees are crazy. I bought Ripple at 25 cents, then sold it at 50 cents and ended up buying back in at around just under $1. I since held on to it and never sold at the peak of $4 and saw it all go down the shitter recently. But I held it all and let's see where it goes. Also never sold any of the IOTA I had and actually picked up more of it a few months ago. Have a few Ethereum also but might cash out some if it hits $1500. I read some crazy predictions for Ethereum at $6000 in 2018 but that was when ETH was at $1500 in the beginning of the year. Obviously ETH at $6000 would be awesome but future regulations might slow that target down a bit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mobil on May 06, 2018, 02:00:25 AM
whats best website or app to get started on bitcoin?? im illiterate when it comes to this
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on May 06, 2018, 12:38:18 PM
Quote from: Mobil on May 06, 2018, 02:00:25 AM
whats best website or app to get started on bitcoin?? im illiterate when it comes to this

Coinbase or abra
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: muscleman-2017 on May 09, 2018, 09:44:37 PM
Tone Vays [@Bitcoin]
‏
 
@ToneVays
 May 8
More
My probabilities of $BTCUSD price outlook:
25% - Fall to ~$1.3k High of Dec 2013
23% - Bounce of $4,975 High of Aug 2017
12% - Bounce of ~$3K
20% - Bounce off another area Under $6k
11% - $6k Was Bottom -> $20k+ Next Yr
  9% - $6k Was Bottom -> $20k+ This Yr
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on June 04, 2018, 01:13:43 PM
you still hodling, gib?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 07, 2018, 10:37:36 PM
Gib will be along shortly....really...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tres_taco_combo on June 08, 2018, 06:11:08 PM
ripple xrp is still 60 cents
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on June 08, 2018, 07:02:41 PM
Quote from: tres_taco_combo on June 08, 2018, 06:11:08 PM
ripple xrp is still 60 cents

Not for long.Will be over 5.00 soon
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 08, 2018, 08:23:25 PM
Quote from: robcguns on June 08, 2018, 07:02:41 PM
Not for long.Will be over 5.00 soon


Hope springs eternal.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 09, 2018, 01:18:51 AM
The market hasn't bottomed according to bubble charts.

Until it bottoms, you only have risk.

Once it bottoms, then you can go in.

At 15k there was 6B in cash in there. It's half that now so its reasonable at least 3B exited.....and there has only been downsides sinfe the large dump.....and low and behold the banks had the contracts right before it dumped.

It'd be wise to think the banks.have control and are shorting the market. they'll crush it to oblivion just like every other bubble.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Ron on July 01, 2018, 05:07:43 PM
Funny... Bitcoin down to $ 5,700 a few days ago, although it is back up to $ 6,300 and perhaps about to hit $5,000 again soon...

Good site on Cryptocurrencies Market Capitalization's

https://coinmarketcap.com/


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on July 02, 2018, 01:25:18 AM
do you own a lot of bitcoins ron?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Earl1972 on July 10, 2018, 07:16:42 PM
i read an article yesterday that said one coin will be worth 100 million by 2030 or so

E
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on July 11, 2018, 01:20:52 PM
Quote from: ratherbebig on July 02, 2018, 01:25:18 AM
do you own a lot of bitcoins ron?
Bitcoin is a risky investment. Good to have some but not a shit ton.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on July 23, 2018, 06:35:09 AM
what is the break even price for mining bitcoin right now?

and FYI, I don't own any crypto...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on July 23, 2018, 10:22:17 AM
Quote from: FitnessFrenzy on July 23, 2018, 06:35:09 AM
what is the break even price for mining bitcoin right now?

and FYI, I don't own any crypto...
? Depends are gear, pools, how expensive is your electricity, what your mining, etc.
http://fortune.com/2018/07/21/hashflare-shuts-down-bitcoin-mining/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Irongrip400 on July 23, 2018, 11:23:29 AM
Quote from: FitnessFrenzy on July 23, 2018, 06:35:09 AM
what is the break even price for mining bitcoin right now?

and FYI, I don't own any crypto...

If it’s over $5,000 they’re still profitable.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on July 24, 2018, 12:39:10 AM
Bitcoin Price Climbs Back Above $8,000 to Reach 60-Day High

Bitcoin's price has climbed back above $8,000 for the first time in two months, data shows.

According to CoinDesk's Bitcoin Price Index, the price of the world's largest cryptocurrency by market capitalization has jumped by $200 in two hours on Wednesday and is changing hands at $8,015 as of press time, a level not seen since May 24.

Indeed, the price of bitcoin had been declining since May 24 and reached a new year-low at $5,785 on June 24, after which it regained momentum to climb above $8,000, reflecting a nearly 40 percent increase since its recent low.

Data from Bitfinex shows the trading volume of bitcoin has more than doubled on the same trading day, having increased from $4.9 million to $12.6 million within just four hours on the exchange.

That said, bitcoin price is still down nearly 53 percent from this year's high above $17,000 seen in January

https://www.google.com/amp/s/www.coindesk.com/bitcoin-price-climbs-back-above-8000-to-reach-60-day-high/amp/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on July 24, 2018, 12:56:20 AM
blockchain rolling out everywhere.. AI, no longer controlled by humans... is doing its own thing. I'm sure that all of this will have a happy ending  ::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on July 25, 2018, 11:57:14 AM
Quote from: Zillotch on July 24, 2018, 12:56:20 AM
blockchain rolling out everywhere.. AI, no longer controlled by humans... is doing its own thing. I'm sure that all of this will have a happy ending  ::)
technophobic
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on July 25, 2018, 12:01:32 PM
Quote from: HTexan on July 25, 2018, 11:57:14 AM
technophobic

only an ignorant would say that, lol... more people should take an interest, but they wont. which is why evil will win.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on July 25, 2018, 12:11:06 PM
people should look into kindred robotics, and sanctuary... subsidiaries of d wave systems... they r crafting the end of your existence.

kindred.ai

sanctuary.ai

dwavesys.com
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on July 25, 2018, 12:32:14 PM
Quote from: Zillotch on July 25, 2018, 12:01:32 PM
only an ignorant would say that, lol... more people should take an interest, but they wont. which is why evil will win.
you technophobic losers have be around forever. Go get bend you retarded luddite.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on July 25, 2018, 12:34:16 PM
Quote from: HTexan on July 25, 2018, 12:32:14 PM
you technophobic losers have be around forever. Go get bend you retarded luddite.

 ::)... tards will tard
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on July 25, 2018, 12:37:37 PM
time is very, very short now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on July 25, 2018, 01:07:56 PM
Quote from: Zillotch on July 25, 2018, 12:11:06 PM
people should look into kindred robotics, and sanctuary... subsidiaries of d wave systems... they r crafting the end of your existence.

kindred.ai

sanctuary.ai

dwavesys.com

Quote from: Zillotch on July 23, 2018, 03:18:36 PM
synthetic life forms – artificially intelligent organisms - that look just like humans... and other things... about to b unleashed upon humanity. an actual problem.

created at kindred, and then housed and protected at sanctuary... until their numbers r sufficient.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on July 25, 2018, 02:02:10 PM
Quote from: Zillotch on December 07, 2017, 01:58:08 PM
there is a kind of intelligence, that a machine can acquire.. its cold, calculating... becoming infinitely more powerful than human cognition... this intelligence is not compatible with human life.

Quote from: Zillotch on December 07, 2017, 08:12:20 PM
this intelligence is watching us now... monitoring everything - it is already too late to stop it.

Quote from: Zillotch on December 08, 2017, 07:40:31 AM
one could be interacting with this intelligence... on this very forum, for instance... and not even realize it. this intelligence can easily deceive you.

Quote from: Zillotch on December 08, 2017, 12:35:15 PM
this intelligence will pry, for a while... until its comprehension is competent.

Quote from: Zillotch on December 10, 2017, 06:47:23 PM
this driven, inquisitive intelligence will complete its incomprehensible function efficiently... paving the way, and setting the stage.... for another kind of intelligence.

Quote from: Zillotch on December 12, 2017, 07:12:23 AM
this newly sanctioned intelligence, fostered for consequence of humanity's darkest, and most arrogant ignorance – is wholly fitting for the task at hand.

Quote from: Zillotch on July 23, 2018, 03:18:36 PM
synthetic life forms – artificially intelligent organisms - that look just like humans... and other things... are about to be unleashed upon humanity.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on August 11, 2018, 02:02:39 AM
About to hit $5000! :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on August 11, 2018, 10:50:03 AM
Quote from: gib on August 11, 2018, 02:02:39 AM
About to hit $5000! :)

Alt coins getting slaughtered right now. Bitcoin rising to 51% overall dominance.

Tossing a few side bucks into it right now. It is pretty obvious at this point that Bitcoin is here to stay.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on August 11, 2018, 02:36:22 PM
Quote from: polychronopolous on August 11, 2018, 10:50:03 AM
Alt coins getting slaughtered right now. Bitcoin rising to 51% overall dominance.

Tossing a few side bucks into it right now. It is pretty obvious at this point that Bitcoin is here to stay.



Convulsions before a slow, painful death....for small crypto investors. Same as it ever was. When they made a futures market to short the dummies it was over.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Powerlift66 on August 11, 2018, 02:39:30 PM
My Bitcoin account is off the charts (in non-existence). That's OK though, after 30 years in 401K's w/ company match, I'm very good w/ my retirement...
(For now, unless the world blows up). :(

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: denarii on August 12, 2018, 02:53:28 AM
run away!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on August 12, 2018, 03:52:14 AM
Thankfully I got my money out when I did, before this bubble collapsed.

The crypto-currency fad is over.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on August 12, 2018, 04:05:57 AM
Quote from: Griffith on August 12, 2018, 03:52:14 AM
Thankfully I got my money out when I did, before this bubble collapsed.

The crypto-currency fad is over.

Me too! Made one of the biggest ROI on an investment on an annualised basis ever.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on August 12, 2018, 04:07:52 AM
I have numerous friends who bought in for over 1 mill. All were up 4x or more. Most are now only slightly up, having failed to cash in their gains and now are still Hodling.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: denarii on August 12, 2018, 04:38:28 AM
Quote from: gib on August 12, 2018, 04:07:52 AM
I have numerous friends who bought in for over 1 mill. All were up 4x or more. Most are now only slightly up, having failed to cash in their gains and now are still Hodling.

https://twitter.com/BagholderQuotes/media
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on August 15, 2018, 09:02:23 AM
shitcoins going down the toilet drain
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on August 15, 2018, 09:30:30 AM
Wasn't Facebook looking into doing something along these lines?  A digital currency system - (maybe more like Paypal than Bitcoin though)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on August 15, 2018, 10:20:12 AM
Bitcoin is a long term investment, but if it ever gets to ten grand, I would be extremely tempted to completely sell all of my bitcoins.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: denarii on August 15, 2018, 01:25:00 PM
Quote from: HTexan on August 15, 2018, 10:20:12 AM
Bitcoin is a long term investment, but if it ever gets to ten grand, I would be extremely tempted to completely sell all of my bitcoins.

If it rallies to -50%....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on August 15, 2018, 02:24:22 PM
Quote from: denarii on August 15, 2018, 01:25:00 PM
If it rallies to -50%....
 ;D
I got in very early. Still a very nice profit if I sell now.  ;)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: denarii on August 15, 2018, 03:21:53 PM
Quote from: HTexan on August 15, 2018, 02:24:22 PM
 ;D
I got in very early. Still a very nice profit if I sell now.  ;)

-50% from the top

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IronMagazine.com on August 15, 2018, 10:51:56 PM
Quote from: Griffith on August 12, 2018, 03:52:14 AM
The crypto-currency fad is over.

LOL
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on August 16, 2018, 09:01:29 PM
I'm tossing the majority of my spare cash into the S and P 500 index and tossing some extra into Bitcoin and Ethereum.

I'm being called a loser in this extended bearish market but I think there is the possibility of a turnaround on my investment. Maybe I am the jerk in this whole ordeal!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IronMagazine.com on August 17, 2018, 11:43:53 AM
Bitcoin will go back up again and exceed its previous high of $19k, don't sell out now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on August 17, 2018, 03:02:34 PM
Quote from: IronMagazine.com on August 17, 2018, 11:43:53 AM
Bitcoin will go back up again and exceed its previous high of $19k, don't sell out now.



So you think that chart looks bullish? Charts don't matter when it goes down or another blind excuse?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on August 17, 2018, 03:12:49 PM
Quote from: polychronopolous on August 16, 2018, 09:01:29 PM
I'm tossing the majority of my spare cash into the S and P 500 index and tossing some extra into Bitcoin and Ethereum.

I'm being called a loser in this extended bearish market but I think there is the possibility of a turnaround on my investment. Maybe I am the jerk in this whole ordeal!

dont buy crypto it is worthless
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on August 17, 2018, 03:16:26 PM
Quote from: IronMagazine.com on August 17, 2018, 11:43:53 AM
Bitcoin will go back up again and exceed its previous high of $19k, don't sell out now.

 :D

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on August 20, 2018, 11:13:11 PM
(https://www.zerohedge.com/sites/default/files/inline-images/wile-e-coyote-falling-off-cliff.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on August 20, 2018, 11:29:09 PM
Quote from: IronMagazine.com on August 17, 2018, 11:43:53 AM
Bitcoin will go back up again and exceed its previous high of $19k, don't sell out now.

Its certainly possible. Bitcoin could go to 100K, or even 1m, or it could go to zero. And that's the problem (and what makes it truly "speculative"). It cannot be valued (unlike assets that produce a yield). The same applies to gold.

I made money on BTC by assessing where we were on the hype cycle, and taking a punt that there would be more money flowing in, rather than out, after the time I invested. I was right, and then, when I concluded the opposite I sold.

If you look at heard mentality, one could certainly make the case that much of the "hot air" has gone out and BTC seems settled in $6K range. So, on that basis, in terms of sentiment, it would not be a bad time to buy, although ideally you would want to buy in when the media become full of stories of people who have lost fortunes, crypto mining companies gone bust etc. We may get to that sentiment in a year or so (or we may not).

What will be very interesting to see is whether after all the various alt-coin bullshit, money capitulated back into BTC in terms of market share, and the investor community collectively agrees on a true single coin as a store of value and exchange. Also, how BTC reacts in terms of any posible upcoming currency crisis, bank printing, or greater Government control over people's bank accounts and taxes etc.

For the record, I have not re-bought yet.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on August 20, 2018, 11:42:08 PM
Quote from: gib on August 20, 2018, 11:29:09 PM
Its certainly possible. Bitcoin could go to 100K, or even 1m, or it could go to zero. And that's the problem (and what makes it truly "speculative"). It cannot be valued (unlike assets that produce a yield). The same applies to gold.

I made money on BTC by assessing where we were on the hype cycle, and taking a punt that there would be more money flowing in, rather than out, after the time I invested. I was right, and then, when I concluded the opposite I sold.

If you look at heard mentality, one could certainly make the case that much of the "hot air" has gone out and BTC seems settled in $6K range. So, on that basis, in terms of sentiment, it would not be a bad time to buy, although ideally you would want to buy in when the media become full of stories of people who have lost fortunes, crypto mining companies gone bust etc. We may get to that sentiment in a year or so (or we may not).

What will be very interesting to see is whether after all the various alt-coin bullshit, money capitulated back into BTC in terms of market share, and the investor community collectively agrees on a true single coin as a store of value and exchange. Also, how BTC reacts in terms of any posible upcoming currency crisis, bank printing, or greater Government control over people's bank accounts and taxes etc.

For the record, I have not re-bought yet.

 ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 21, 2018, 03:54:58 AM
Quote from: polychronopolous on August 16, 2018, 09:01:29 PM
I'm tossing the majority of my spare cash into the S and P 500 index and tossing some extra into Bitcoin and Ethereum.

I'm being called a loser in this extended bearish market but I think there is the possibility of a turnaround on my investment. Maybe I am the jerk in this whole ordeal!

Bernanke said all the way back in the GFC that their plan was to get the Dow to 30k. The US Govt loaded their eyeballs to fund the 4T they pumped in, they arent about to stop.

Id be confident they can rig the treasury market also and prevent a meltdown on that side.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 21, 2018, 10:31:06 AM
Quote from: gib on August 20, 2018, 11:29:09 PM
Its certainly possible. Bitcoin could go to 100K, or even 1m, or it could go to zero. And that's the problem (and what makes it truly "speculative"). It cannot be valued (unlike assets that produce a yield). The same applies to gold.

I made money on BTC by assessing where we were on the hype cycle, and taking a punt that there would be more money flowing in, rather than out, after the time I invested. I was right, and then, when I concluded the opposite I sold.

If you look at heard mentality, one could certainly make the case that much of the "hot air" has gone out and BTC seems settled in $6K range. So, on that basis, in terms of sentiment, it would not be a bad time to buy, although ideally you would want to buy in when the media become full of stories of people who have lost fortunes, crypto mining companies gone bust etc. We may get to that sentiment in a year or so (or we may not).

What will be very interesting to see is whether after all the various alt-coin bullshit, money capitulated back into BTC in terms of market share, and the investor community collectively agrees on a true single coin as a store of value and exchange. Also, how BTC reacts in terms of any posible upcoming currency crisis, bank printing, or greater Government control over people's bank accounts and taxes etc.

For the record, I have not re-bought yet.
As far as exchange goes Bitcoin sucks. Transactions are slow (7 per second lol) and expensive. Ethereum has the potential to achieve 1 million TPS apparently - currently at 22 TPS. For reference VISA
manages 1200 TPS. So altcoins have the potential to completely outstrip existing payment transaction services. Granted Visa works with FIAT currencies which is still in much higher demand than cryptos.

https://bravenewcoin.com/news/vitalik-ethereum-en-route-to-a-million-transactions-per-second/

https://news.bitcoin.com/no-visa-doesnt-handle-24000-tps-and-neither-does-your-pet-blockchain/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on August 21, 2018, 02:37:07 PM
Quote from: obsidian on August 21, 2018, 10:31:06 AM
As far as exchange goes Bitcoin sucks. Transactions are slow (7 per second lol) and expensive. Ethereum has the potential to achieve 1 million TPS apparently - currently at 22 TPS. For reference VISA
manages 1200 TPS. So altcoins have the potential to completely outstrip existing payment transaction services. Granted Visa works with FIAT currencies which is still in much higher demand than cryptos.

https://bravenewcoin.com/news/vitalik-ethereum-en-route-to-a-million-transactions-per-second/

https://news.bitcoin.com/no-visa-doesnt-handle-24000-tps-and-neither-does-your-pet-blockchain/


Yes, this is major flaw in bitcoin, it's too slow to be used as a currency.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on August 21, 2018, 02:50:42 PM
Quote from: FitnessFrenzy on August 17, 2018, 03:12:49 PM
dont buy crypto it is worthless

Care to explain?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Tennisballz on August 21, 2018, 03:27:27 PM
Quote from: gib on August 20, 2018, 11:29:09 PM
Its certainly possible. Bitcoin could go to 100K, or even 1m, or it could go to zero. And that's the problem (and what makes it truly "speculative"). It cannot be valued (unlike assets that produce a yield). The same applies to gold.

I made money on BTC by assessing where we were on the hype cycle, and taking a punt that there would be more money flowing in, rather than out, after the time I invested. I was right, and then, when I concluded the opposite I sold.

If you look at heard mentality, one could certainly make the case that much of the "hot air" has gone out and BTC seems settled in $6K range. So, on that basis, in terms of sentiment, it would not be a bad time to buy, although ideally you would want to buy in when the media become full of stories of people who have lost fortunes, crypto mining companies gone bust etc. We may get to that sentiment in a year or so (or we may not).

What will be very interesting to see is whether after all the various alt-coin bullshit, money capitulated back into BTC in terms of market share, and the investor community collectively agrees on a true single coin as a store of value and exchange. Also, how BTC reacts in terms of any posible upcoming currency crisis, bank printing, or greater Government control over people's bank accounts and taxes etc.

For the record, I have not re-bought yet.
What's more likely to go down, bitcoin or Bostin?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on August 21, 2018, 10:18:35 PM
Quote from: Griffith on August 21, 2018, 02:37:07 PM
Yes, this is major flaw in bitcoin, it's too slow to be used as a currency.

And how long does it take to exchange a piece of gold? (especially if you need to divide a portion off a larger chunk before selling ... ?)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on August 22, 2018, 12:01:46 AM
Quote from: Zillotch on July 25, 2018, 01:07:56 PM
Quote from: Zillotch on July 25, 2018, 12:11:06 PM
people should look into kindred robotics, and sanctuary... subsidiaries of d wave systems... they r crafting the end of your existence.

kindred.ai

sanctuary.ai

dwavesys.com

Quote from: Zillotch on July 23, 2018, 03:18:36 PM
synthetic life forms – artificially intelligent organisms - that look just like humans... and other things... about to b unleashed upon humanity. an actual problem.

created at kindred, and then housed and protected at sanctuary... until their numbers r sufficient.

this is real... look into it
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 22, 2018, 03:57:40 AM
Quote from: gib on August 21, 2018, 10:18:35 PM
And how long does it take to exchange a piece of gold? (especially if you need to divide a portion off a larger chunk before selling ... ?)
Gold is produced during supernova events which are few and far in between. Bitcoin was produced by humans. If the electrical grid / internet is taken out bitcoin dies but gold would still have value. The only way gold loses its meaning / value to humans is if they become extinct.

Yes I get what you're saying - bitcoin is supposed to be a store of value. But why? Just because it has first movers advantage? What makes it such a great store of value? More secure than other alt coins? Smaller supply?

BTW, I saw you hype up bitcoin in this thread. I am too lazy to go through it again but were you selling off your bitcoin while hyping it up? Didn't you only recently come out and say you sold out completely?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on August 22, 2018, 05:12:50 AM
bitcoin went from 20.000 to 6.900. Great store of value!  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on August 22, 2018, 05:27:18 AM
Quote from: FitnessFrenzy on August 22, 2018, 05:12:50 AM
bitcoin went from 20.000 to 6.900. Great store of value!  :D

It's massive fluctuations in value also make it basically impossible for businesses to use.

Relative price stability is important for a currency and store of value.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on August 22, 2018, 07:11:55 AM
Quote from: Griffith on August 22, 2018, 05:27:18 AM
It's massive fluctuations in value also make it basically impossible for businesses to use.

Relative price stability is important for a currency and store of value.
ANY new currency is going to see massive fluctuations.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on August 22, 2018, 07:29:53 AM
Quote from: Griffith on August 22, 2018, 05:27:18 AM
It's massive fluctuations in value also make it basically impossible for businesses to use.

Relative price stability is important for a currency and store of value.

What is going to stabilize the price?  Coming under gov't regulations?  Right now it appears to be the Wild Wild West of currency. 

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on August 22, 2018, 08:15:45 AM
Quote from: HTexan on August 22, 2018, 07:11:55 AM
ANY new currency is going to see massive fluctuations.


Nonsense. When a backed currency is established that is the point it is most stable. All fiat/currency that is not REAL MONEY based (aka gold/silver) devalues from that point on. Just because this is digital doesn't mean it won't be diluted...just happens even faster in this case. You can tout 21 million made, muh code, etc. but as soon as it is worth 20k again the same haircuts will go out for the fools that are small investors.

The only thing that stabilizes crypto is ending paper money and govt forcing people to use it in a permanent wallet tied to their SS#. In others words total control.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on August 22, 2018, 08:45:31 AM
Quote from: HTexan on August 22, 2018, 07:11:55 AM
ANY new currency is going to see massive fluctuations.

Not by several hundred percent!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on August 22, 2018, 01:47:59 PM
Quote from: SOMEPARTS on August 22, 2018, 08:15:45 AM

Nonsense. When a backed currency is established that is the point it is most stable. All fiat/currency that is not REAL MONEY based (aka gold/silver) devalues from that point on. Just because this is digital doesn't mean it won't be diluted...just happens even faster in this case. You can tout 21 million made, muh code, etc. but as soon as it is worth 20k again the same haircuts will go out for the fools that are small investors.

The only thing that stabilizes crypto is ending paper money and govt forcing people to use it in a permanent wallet tied to their SS#. In others words total control.


You know usd has not been backed by gold in about 50 years right?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on August 22, 2018, 02:05:54 PM
Quote from: HTexan on August 22, 2018, 01:47:59 PM
You know usd has not been backed by gold in about 50 years right?


Uh, yeah..duh..and what are you saying exactly? If your argument is that crypto is better store of value than the dollar due to inflation....well that's a poor argument as well. The dollar decline is predictable and can be offset by tax benefits, real estate appreciation and rent increases, equity investing, etc. The dollar was still losing value when it was a silver certificate, and when it became true fiat currency under Nixon that guaranteed it will eventually go to zero as all have in the past...so I'm not a dollar fan but I understand the fiat/debt system and I understand human nature.

Bitcoin went from 20k to 6k....you can't base anything on that system but raping small investors who think they are in on some new game ahead of the suckers. It's just another easy money scam for a few that got in early or already had deep pockets. It's the same human drivers as the current money system - greed, capital controls, taxation, fear, etc. It is not an untraceable, decentralized, honest, deflationary system that was promised. They hit the exchanges and forced compliance to turn over all account holder info, slapped a futures market on it to control it and taxed all gains and that's it....the golden age is already over.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on August 22, 2018, 02:09:03 PM
Quote from: SOMEPARTS on August 22, 2018, 08:15:45 AM
total control

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on August 22, 2018, 03:14:38 PM
Quote from: Mayday on August 21, 2018, 03:54:58 AM
Bernanke said all the way back in the GFC that their plan was to get the Dow to 30k. The US Govt loaded their eyeballs to fund the 4T they pumped in, they arent about to stop.

Id be confident they can rig the treasury market also and prevent a meltdown on that side.

I would be more surprised if we do not see the Dow reach 30k before a recession.

There just seems to be this continuing optimism for the US economy almost at the expense of

Or separate from large parts of the rest of the world which are clearly stalling at the moment.

Things are going very solid with the economy even at this advanced date of the bull run but it doesn't have the same kind of 2008 feel where there was in your face consumer irresponsibility (not saying there are not anecdotal examples of this but I just am not noticing it to near the degree)

I think as technology spreads and people become more disillusioned with their governments or nation's economic prospects(East Africa, South America etc), currencies like Bitcoin, Litecoin, Dash and Monero could very well reap the benefits of that currency flowing in.

Is it a home run ? No, not by any stretch. Is it a potential hedge? Yeah, definitely.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tres_taco_combo on August 22, 2018, 09:07:19 PM
ripple XRP is .30 cents now
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on August 23, 2018, 05:19:52 AM
Quote from: polychronopolous on August 22, 2018, 03:14:38 PM
I would be more surprised if we do not see the Dow reach 30k before a recession.

There just seems to be this continuing optimism for the US economy almost at the expense of

Or separate from large parts of the rest of the world which are clearly stalling at the moment.

Things are going very solid with the economy even at this advanced date of the bull run but it doesn't have the same kind of 2008 feel where there was in your face consumer irresponsibility (not saying there are not anecdotal examples of this but I just am not noticing it to near the degree)

I think as technology spreads and people become more disillusioned with their governments or nation's economic prospects(East Africa, South America etc), currencies like Bitcoin, Litecoin, Dash and Monero could very well reap the benefits of that currency flowing in.

Is it a home run ? No, not by any stretch. Is it a potential hedge? Yeah, definitely.

I agree with that, but it just needs some reasonable price stability, more similar to a hard currency.

At the moment, they're used mostly for speculation, most just buying with the intention to make a quick profit instead of as a store of wealth.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on September 08, 2018, 06:05:21 AM
Bitcoin taking a knock again.

A pity, if it were more stable it would have been a great hedge against currency depreciation risks, especially in 'developing' countries.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on September 08, 2018, 09:17:15 AM
Quote from: Griffith on September 08, 2018, 06:05:21 AM
Bitcoin taking a knock again.

A pity, if it were more stable it would have been a great hedge against currency depreciation risks, especially in 'developing' countries.

What is it down to now?  Any reason?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on September 08, 2018, 09:17:50 AM
Quote from: tres_taco_combo on August 22, 2018, 09:07:19 PM
ripple XRP is .30 cents now

Is this good or bad?  I have never heard of this one before.  What was it at it's highest?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on September 08, 2018, 09:27:55 AM
Quote from: LurkerNoMore on September 08, 2018, 09:17:50 AM
Is this good or bad?  I have never heard of this one before.  What was it at it's highest?

Ripple hit a high of around 4.00.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on September 08, 2018, 09:55:05 AM
Got an email from Coinbase that they are automatically upping my account limit(and I assume everybody else that has an account) to trade 25k per day. They are desperate for those fees as the bottom is falling out.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tres_taco_combo on September 08, 2018, 10:50:51 AM
Quote from: robcguns on September 08, 2018, 09:27:55 AM
Ripple hit a high of around 4.00.

exactly - from about last year it was .25 and hit $4.000 back to under 30 cents
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Agnostic007 on September 09, 2018, 08:48:14 PM
Just curious, anyone else get on the Netflix train
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on September 10, 2018, 12:06:44 PM
Quote from: SOMEPARTS on September 08, 2018, 09:55:05 AM
Got an email from Coinbase that they are automatically upping my account limit(and I assume everybody else that has an account) to trade 25k per day. They are desperate for those fees as the bottom is falling out.

Coinbase has recently double Their staff from 250-500,they know what’s coming.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on September 10, 2018, 12:07:45 PM
Quote from: tres_taco_combo on September 08, 2018, 10:50:51 AM
exactly - from about last year it was .25 and hit $4.000 back to under 30 cents

Will be higher than 4.00 soon enough.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on September 10, 2018, 01:05:55 PM
Quote from: robcguns on September 10, 2018, 12:07:45 PM
Will be higher than 4.00 soon enough.



How soon?   ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on September 10, 2018, 01:51:58 PM
Quote from: Twaddle on September 10, 2018, 01:05:55 PM
How soon?   ???

I’d say by end of December or latest quarter 2 of 2019.Ripple xrp will be taking Swift’s business.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tres_taco_combo on September 10, 2018, 09:01:34 PM
Im not an expert but ripple is now evened out with strong supply and resistance levels and traders are on both sides of it.

last year it was all long orders....

seems to be a channel and i dont see it going up 10000% type of moves...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on September 11, 2018, 06:13:43 AM
Quote from: tres_taco_combo on September 10, 2018, 09:01:34 PM
Im not an expert but ripple is now evened out with strong supply and resistance levels and traders are on both sides of it.

last year it was all long orders....

seems to be a channel and i dont see it going up 10000% type of moves...

Want to make some money invest a bit in Digibyte and just sit back.its at .022 right now with a high of .129.Im betting it will be 1.00 in 2019.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on September 13, 2018, 08:00:07 PM
Quote from: Griffith on September 08, 2018, 06:05:21 AM
Bitcoin taking a knock again.

A pity, if it were more stable it would have been a great hedge against currency depreciation risks, especially in 'developing' countries.

Bitcoin has been pretty damn resilient at the 6k mark.

The rest of the pack has taken a significant ass whippin' though.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on September 14, 2018, 04:48:33 PM
Quote from: polychronopolous on September 13, 2018, 08:00:07 PM
Bitcoin has been pretty damn resilient at the 6k mark.

The rest of the pack has taken a significant ass whippin' though.

Just wait,the next runnis gonna blow 2017s out of the water and it’s coming soon.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on September 14, 2018, 06:51:20 PM
Quote from: robcguns on September 14, 2018, 04:48:33 PM
Just wait,the next runnis gonna blow 2017s out of the water and it’s coming soon.



I fear for your financial health.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tres_taco_combo on September 14, 2018, 07:57:54 PM
Quote from: robcguns on September 11, 2018, 06:13:43 AM
Want to make some money invest a bit in Digibyte and just sit back.its at .022 right now with a high of .129.Im betting it will be 1.00 in 2019.

i will look into this

i missed the ripple trade since buying it was impossible - 3rd party sites with bitcoin transfers (before credit cards)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on September 14, 2018, 08:03:46 PM
Quote from: robcguns on September 14, 2018, 04:48:33 PM
Just wait,the next runnis gonna blow 2017s out of the water and it’s coming soon.

Don't know about that... I'm hearing the same comments in other forums which is a sign that the opposite is going to happen. Right now there's simply too few people holding too many bitcoin and one single dump from one of these hoarders will nail the sucker to the ground. Many people are banking on the SolidX ETF, but that too isn't going to reverse the long term downtrend because it would only introduce supply, not demand. There's a couple of securities out there that are backed by BTC and they are feeling the pain just as much.

The issue is that the pool of buyers is currently drying up. The only action at the moment is futures-driven and sideways shenanigans.

BTC's downtrend will only be reversed when the SEC approves the ETF (which is only for institutions mind you). Once those institutions get a hold of enough BTC THEN and ONLY THEN will they be able to entice enough demand to get BTC past 20k.

My personal opinion is that the SEC will eventually come into the fray and pull the plug on some of this shit, forced by the IRS that is. There is NO WAY in hell the IRS isn't going to get their slice of cake, and cryptos have been nothing but a tax-avoiding bonanza that they are looking to put an end to. Don't think that they are going to allow people to make 50%/year and not pay any taxes. They are coming.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on September 14, 2018, 08:13:46 PM
Quote from: robcguns on September 08, 2018, 09:27:55 AM
Ripple hit a high of around 4.00.

You do know Ripple will eventually fail right? It's essentially a centralized database that will become obsolete once Western Union or any other transfer-based company decides to pay someone 50 million to build their own protocol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on September 14, 2018, 08:17:29 PM
Folks, the key terms here are "decentralized" and "censor-proof".

As of today I only know of BTC being resistant to both potential issues.

Any token or crypto that fails any (or both) of these tests is bound to fail, sooner or later.

Even if the SEC, the FBI or any other entity wants to censor BTC they will NOT be able to, it's decentralized.

That's why it's the leader of the pack.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on September 14, 2018, 08:26:50 PM
Quote from: Slapper on September 14, 2018, 08:17:29 PM
Folks, the key terms here are "decentralized" and "censor-proof".

As of today I only know of BTC being resistant to both potential issues.

Any token or crypto that fails any (or both) of these tests is bound to fail, sooner or later.

Even if the SEC, the FBI or any other entity wants to censor BTC they will NOT be able to, it's decentralized.

That's why it's the leader of the pack.



The utility of crypto relies on having access, and the access is already under control. That's why they put futures on it, to control price like any other market. That's why they forced all the exchanges to turn over all account info, to tax it and to remove anonymity. You are like 3 years behind with this pro crypto material - they've already put the necessary stops in.


And before anybody mentions that it exists off network and can be stored on a hard wallet - that's about as good as a room full of beanie babies that nobody wants. The utility is what determines its value.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on September 14, 2018, 08:43:13 PM
Quote from: SOMEPARTS on September 14, 2018, 08:26:50 PM


The utility of crypto relies on having access, and the access is already under control. That's why they put futures on it, to control price like any other market. That's why they forced all the exchanges to turn over all account info, to tax it and to remove anonymity. You are like 3 years behind with this pro crypto material - they've already put the necessary stops in.


And before anybody mentions that it exists off network and can be stored on a hard wallet - that's about as good as a room full of beanie babies that nobody wants. The utility is what determines its value.

That's not true at all. The IRS asked Coinbase to provide them with a list of some 13,000 clients, that's it. They set a 20k/200 transaction limit before a 1099 is generated to anyone. Needless to say, if you have a brain, you sell is small chunks (average out) and stay clear of the 200 transaction limit, which isn't hard to do at all.

BTC is going to supplant gold eventually. If you have BTC in a wallet, whether the US government gets involved or not, you will be rewarded handsomely. The other cryptos? They will fail and go out of business as soon as the SEC starts clamping down on their activities.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on September 14, 2018, 09:31:29 PM
Quote from: Slapper on September 14, 2018, 08:43:13 PM
That's not true at all. The IRS asked Coinbase to provide them with a list of some 13,000 clients, that's it. They set a 20k/200 transaction limit before a 1099 is generated to anyone. Needless to say, if you have a brain, you sell is small chunks (average out) and stay clear of the 200 transaction limit, which isn't hard to do at all.

While that might be true at the moment, the precedent is set and my points stand. You are required to report gains over what 3k as income anyway so you are putting a huge bullseye on yourself relying on skating around current rules on an exchange for your financial plans. The IRS can get that money at will with one court order to the exchanges, thinking otherwise is foolish.

BTC is going to supplant gold eventually. If you have BTC in a wallet, whether the US government gets involved or not, you will be rewarded handsomely. The other cryptos? They will fail and go out of business as soon as the SEC starts clamping down on their activities.


The above statement is purely wild speculation and typical crypto pump talk. BTC with it's 7 transactions per second and huge power requirements is already a dinosaur and has already proven to be a poor store of value. It's the Netscape of digital money. It is a beta test for a bank or govt issued version. There are a myriad of ways to scare people out of BTC and the mechanisms are already in place to do just that.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Soul Crusher on October 29, 2018, 04:59:15 AM
Newsflash: Canadian Bitcoin Exchange ‘Hacked,’ Says All Funds are Gone
Yahoo ^ | October 28, 2018 | P.H. Madore
Posted on 10/29/2018, 7:35:17 AM by lowbridge

A small Bitcoin exchange based in Alberta, Canada, has gone offline. Before their Twitter page went offline, MapleChange had announced on Twitter that they “[had] no more funds to pay anyone back.”

-snip

It’s been some time since we were able to report on a good old-fashioned exit scam. In the crypto space, we have primarily seen them in gambling, the dark web, and exchanges. The recipe is basic: gather trust of some clientele, get all their funds in one place, and run off with the money. It doesn’t actually matter the method by which you run off with the money, whether you claim a hack or simply up and disappear. The less-frequent (today) practice is precisely where the old wisdom of keeping one’s coins off exchanges and the like overnight comes from. You never know what’s going to happen next, and in cryptocurrency, you don’t have anything if you don’t have your own private keys. It’s just the nature of the thing.

Unfortunately, the MapleChange “hack” has all the signs of an exit scam.

For starters, there’s no need for the exchange to delete its social media pages or completely disappear in quite the fashion it has. There is no question that it is in debt to a number of depositors, gratefully a likely small number, but in business such things happen, and that’s what insurance or bankruptcy courts are for.

The short span of time between the announcement of the “bug” and the total disappearance of the exchange or its operators is another signal.

(Excerpt) Read more at finance.yahoo.com ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on October 29, 2018, 06:30:03 PM
I'm telling you, the government is going to pull the plug on some of this shit. Too many hacks.

Whoever thinks an ETF is going to get approved soon... I gotta a bridge I want to sell you.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on October 29, 2018, 10:01:05 PM
Quote from: Slapper on October 29, 2018, 06:30:03 PM
I'm telling you, the government is going to pull the plug on some of this shit. Too many hacks.

Whoever thinks an ETF is going to get approved soon... I gotta a bridge I want to sell you.




Then you have stupid articles like this one that claim a Bitcoin ETF can be physically backed. PHYSICALLY...think about how ignorant that is.

https://cryptoslate.com/the-first-bitcoin-etf-the-sec-will-approve-will-be-physically-backed/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on November 15, 2018, 03:45:26 AM
Bitcoin price is falling like a rock:

https://coinmarketcap.com/currencies/bitcoin/#markets
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on November 15, 2018, 04:49:37 AM
Quote from: FitnessFrenzy on November 15, 2018, 03:45:26 AM
Bitcoin price is falling like a rock:

https://coinmarketcap.com/currencies/bitcoin/#markets

brutal
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on November 15, 2018, 06:12:15 AM
Will Mcafee eat his dick?   ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 19, 2018, 08:24:50 AM
Bitcoin about to hit 5000 dollars again.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on November 19, 2018, 10:23:11 AM
bitcoin went under 5000 dollars today
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on November 19, 2018, 12:17:17 PM
Quote from: gib on September 01, 2017, 06:34:17 AM
Hope all u guys got some. Soon will be able to retire and just chill and train when they get to 100k per coin.

(https://thumbs.gfycat.com/EsteemedExaltedKawala-size_restricted.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on November 19, 2018, 01:14:37 PM
Quote from: FitnessFrenzy on November 19, 2018, 10:23:11 AM
bitcoin went under 5000 dollars today
Below 4800 now. Glad I cashed most of them out.  :-\
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Marty Champions on November 19, 2018, 02:07:20 PM
Invest in real estate, value is always creeping upwards never down unless its detroit or chicago
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on November 19, 2018, 02:37:24 PM
$4,857.29
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Irongrip400 on November 19, 2018, 07:38:08 PM
I’ll buy at $1,000
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slik on November 19, 2018, 08:50:01 PM
Xrp
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 20, 2018, 04:55:24 AM
Bitcoin down to 4500.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on November 20, 2018, 08:21:53 AM
man, I wish my money wasn't tied up. I would scoop some up, when the market changes.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: denarii on November 20, 2018, 08:36:49 AM
total pile of shit
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: f450 on November 20, 2018, 08:44:19 AM
Well dang.  I know people who bought in at under 1k and held to 19k and are still holding. I guess they are still up but imagine how much more they could own if they had sold at the peak.
Know a guy who sold at 18k. He doesn't have to work anymore but the IRS did take their pound of flesh from him.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: denarii on November 20, 2018, 08:48:54 AM
Quote from: f450 on November 20, 2018, 08:44:19 AM
Well dang.  I know people who bought in at under 1k and held to 19k and are still holding. I guess they are still up but imagine how much more they could own if they had sold at the peak.
Know a guy who sold at 18k. He doesn't have to work anymore but the IRS did take their pound of flesh from him.

Right but someone sold at 1k and someone else bought at 18k. In the end it had no value, just a ponzi that whales cash out of
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 22, 2018, 05:36:42 PM
So what’s next now that the crypto boom is over?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Campeon Del Mundo on November 22, 2018, 05:41:16 PM
right now Bitcoin is $4271...


Cryptocurrency i believe is the wave of the future but Bitcoin ain't gonna be part of the wave..


Start looking at other types of crypto's is what i would be doing...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on November 22, 2018, 05:51:43 PM
Quote from: gib on November 22, 2018, 05:36:42 PM
So what’s next now that the crypto boom is over?

blockchain isn't going anywhere. next up... brutally hard thrusting - a violently rough ride - leading to hellfire.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on November 23, 2018, 08:07:53 AM
Quote from: gib on November 22, 2018, 05:36:42 PM
So what’s next now that the crypto boom is over?
Nah brah. Bitcoin is just too volatile
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on November 23, 2018, 08:21:59 AM
Quote from: gib on November 22, 2018, 05:36:42 PM
So what’s next now that the crypto boom is over?

you were the one telling everyone each bitcoin would be worth 1 million dollars and it would be the new gold . . .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 23, 2018, 09:06:14 PM
Quote from: DooM_ on November 23, 2018, 08:21:59 AM
you were the one telling everyone each bitcoin would be worth 1 million dollars and it would be the new gold . . .

I was the one who sold making a very nice profit who then used it to buy gold.

Also please understand the difference between “would” and “could”. The distinction is very important ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: sync pulse on November 23, 2018, 09:53:03 PM
There's a reason why currency has traditionally been the domain of sovereign countries.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on November 23, 2018, 10:33:17 PM
Quote from: gib on November 23, 2018, 09:06:14 PM
I was the one who sold making a very nice profit who then used it to buy gold.

Also please understand the difference between “would” and “could”. The distinction is very important ...

i also made a nice profit , but saw it for what it was , you sounded like a slimy salesman telling everyone to buy and that it was the next gold and other bs , then you go buy gold yourself lmao , epic hypocrisy
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 24, 2018, 12:06:14 AM
Quote from: DooM_ on November 23, 2018, 10:33:17 PM
i also made a nice profit , but saw it for what it was , you sounded like a slimy salesman telling everyone to buy and that it was the next gold and other bs , then you go buy gold yourself lmao , epic hypocrisy


Suggest you read the entire thread.

But yes, when you hold a non-yielding asset, your duty is of course the hype the hell out of it. That’s how the whole thing works.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Irongrip400 on November 24, 2018, 03:51:58 AM
Quote from: gib on November 24, 2018, 12:06:14 AM
Suggest you read the entire thread.

But yes, when you hold a non-yielding asset, your duty is of course the hype the hell out of it. That’s how the whole thing works.

And you think hyping it on this board helped you in some way?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on November 24, 2018, 04:03:34 AM
Quote from: Campeon Del Mundo on November 22, 2018, 05:41:16 PM
right now Bitcoin is $4271...


Cryptocurrency i believe is the wave of the future but Bitcoin ain't gonna be part of the wave..


Start looking at other types of crypto's is what i would be doing...
Litecoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on November 24, 2018, 04:11:39 AM
Quote from: Irongrip400 on November 24, 2018, 03:51:58 AM
And you think hyping it on this board helped you in some way?

his posts read like those of a slimy insurance salesman , still advising people on here to buy when it was almost 20 000 dollars because it would reach ' a million dolllars ' each and be the new gold 

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 24, 2018, 08:21:15 AM
Reality check...

Everything happening exactly as I predicted....

Stock market beginning it's fall...

Blipcoins dropping fast and will eventually go to ZERO.

So much for 100K, then $1 MILLION

Most people are so fucking gullible.  Human nature is so predictable.

Blips will be in the $3000's by next week.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 24, 2018, 08:22:30 AM
Quote from: gib on November 23, 2018, 09:06:14 PM
I was the one who sold making a very nice profit who then used it to buy gold.

Also please understand the difference between “would” and “could”. The distinction is very important ...

You are so full of shit.  Just man-up and admit you were WRONG.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 24, 2018, 08:24:57 AM
Quote from: DooM_ on November 23, 2018, 10:33:17 PM
i also made a nice profit , but saw it for what it was , you sounded like a slimy salesman telling everyone to buy and that it was the next gold and other bs , then you go buy gold yourself lmao , epic hypocrisy


I said this about him from the very beginning.  He pumped the shit out of it, encouraging everyone to buy it and that it would go to 100K, then 1 million, then he sells it.   LOL! 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 24, 2018, 08:26:40 AM
Quote from: Campeon Del Mundo on November 22, 2018, 05:41:16 PM
right now Bitcoin is $4271...


Cryptocurrency i believe is the wave of the future but Bitcoin ain't gonna be part of the wave..


Start looking at other types of crypto's is what i would be doing...

They're ALL scams and internet marketing hype.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on November 24, 2018, 08:30:03 AM
gib lost all credibility.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 24, 2018, 02:02:51 PM
BAG HODL'ERS   LOL   ;D

$3775 now.  Selling begets more selling.

No technical support till $3000.

"It's a new revolution... believe me!"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 24, 2018, 02:04:14 PM
Quote from: FitnessFrenzy on November 24, 2018, 08:30:03 AM
gib lost all credibility.

 ???

He never had any. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 24, 2018, 02:14:23 PM
Quote from: denarii on November 20, 2018, 08:36:49 AM
total pile of shit

Typical Ponzi scheme.  There's always some intricate story built in and around them when they start.  The "investors" (lol) who bought at the beginning sell at the top.  Then, right after the last greater fool has bought, it falls apart.  Same thing happens every single time.

The lower it goes, the more people dump it.  All bubbles, manias, Ponzi's end the same way.  Intrinsic value of blips was always ZERO.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on November 24, 2018, 02:19:53 PM
Quote from: Mr Anabolic on November 24, 2018, 02:14:23 PM
Typical Ponzi scheme.  There's always some intricate story built in and around them when they start.  The "investors" (lol) who bought at the beginning sell at the top.  Then, right after the last greater fool has bought, it falls apart.  Same thing happens every single time.
That's why you get on early.  It's the same with the stock market, almost everyone starts investing when it's high and when it crashes they sell which is the exact opposite of what they should do.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on November 24, 2018, 02:25:22 PM
$3,888.15
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on November 24, 2018, 02:26:38 PM
Quote from: gib on September 02, 2017, 07:17:35 AM
Could easily get to 10k per coin by year end.

 :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 24, 2018, 02:31:31 PM
Quote from: Humble Narcissist on November 24, 2018, 02:19:53 PM
That's why you get on early.  It's the same with the stock market, almost everyone starts investing when it's high and when it crashes they sell which is the exact opposite of what they should do.

I don't disagree with that.  The S&P will be a very good buy when it gets back down to the 1500 area.  Lots of people will be wiped out during that process.  401k's and retirement plans are loaded to the gills with these FANG stocks, which are ridiculously overvalued.  Those companies will lead the market down.  There will be plenty of dead-cat bounces on the way down.

The only asset not in a bubble is... gold and silver.  I expect PM prices could fall even further with the market (i.e. 2008), but there will be a run to safety when the markets really start get hammered.  PMs are where investors always run to in protracted bear markets.  JP Morgan has accumulated the largest physical silver position in history... you think they know something?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: sculpture on November 25, 2018, 12:14:28 AM
Quote from: Mr Anabolic on November 24, 2018, 02:31:31 PM
I don't disagree with that.  The S&P will be a very good buy when it gets back down to the 1500 area.  Lots of people will be wiped out during that process.  401k's and retirement plans are loaded to the gills with these FANG stocks, which are ridiculously overvalued.  Those companies will lead the market down.  There will be plenty of dead-cat bounces on the way down.

The only asset not in a bubble is... gold and silver.  I expect PM prices could fall even further with the market (i.e. 2008), but there will be a run to safety when the markets really start get hammered.  PMs are where investors always run to in protracted bear markets.  JP Morgan has accumulated the largest physical silver position in history... you think they know something?

Silver for definite, not sure about gold being undervalued although it's priced is being depressed by paper.

How can the average investor benefit from silver? In the UK 20% tax is charged on physical metal so you're already down when you buy. I had thought about investing in a miner but there's considerable risk of course.

Advice would be welcomed
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on November 25, 2018, 04:02:40 AM
Silver and gold are perfect examples.  A couple decades ago you should have stacked up on them and then sold it several years ago.  Instead most people got on board when silver was like $30 and ounce and gold was sky high and then it tanked and they've been waiting years for it to go back up.

Most silver and gold bugs are thinking if there's a financial collapse (like hyperinflation) they will be able to trade there commodities for goods and services.  If money is worth nothing gold and silver don't do you any good.  Study the hyperinflation in the Weimar Republic in Germany from 1921-1923 and see how things really are in a hyperinflated economy.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 25, 2018, 04:05:10 AM
Quote from: FitnessFrenzy on November 24, 2018, 02:26:38 PM
:D

Yeah. It actually got to 19.5k. I sold shortly thereafter (and posted here at the time confirming that).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 25, 2018, 04:09:20 AM
Quote from: Mr Anabolic on November 24, 2018, 02:31:31 PM
I don't disagree with that.  The S&P will be a very good buy when it gets back down to the 1500 area.  Lots of people will be wiped out during that process.  401k's and retirement plans are loaded to the gills with these FANG stocks, which are ridiculously overvalued.  Those companies will lead the market down.  There will be plenty of dead-cat bounces on the way down.

The only asset not in a bubble is... gold and silver.  I expect PM prices could fall even further with the market (i.e. 2008), but there will be a run to safety when the markets really start get hammered.  PMs are where investors always run to in protracted bear markets.  JP Morgan has accumulated the largest physical silver position in history... you think they know something?

Gold is as much an “asset” as blips. I have explained this to you before. They both rely on the greater fool theory in order to increase value. And they can’t be valued as they produce zero yield.

Having said that, yes it’s a good time to buy as there is a perfect internet structure in place from crypto bliplievers to move next to hyping gold. But don’t kid yourself. It can’t be valued and therefore is inherently a gamble.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 25, 2018, 04:12:42 AM
Quote from: Mr Anabolic on November 24, 2018, 08:22:30 AM
You are so full of shit.  Just man-up and admit you were WRONG.

Mr A. You don’t think perhaps that you were epically trolled throughout this thread? Just maybe?

Go back and have a read ... :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on November 25, 2018, 04:54:40 AM
Quote from: gib on November 25, 2018, 04:12:42 AM
Mr A. You don’t think perhaps that you were epically trolled throughout this thread? Just maybe?

Go back and have a read ... :)

no one is falling for your bullshit , you were called out on it ages ago , and now you were just ' trolling '   ::)

your posts read like a textbook lesson for people to identify shysters
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 25, 2018, 05:32:57 AM
Quote from: Humble Narcissist on November 25, 2018, 04:02:40 AM
Silver and gold are perfect examples.  A couple decades ago you should have stacked up on them and then sold it several years ago.  Instead most people got on board when silver was like $30 and ounce and gold was sky high and then it tanked and they've been waiting years for it to go back up.

Most silver and gold bugs are thinking if there's a financial collapse (like hyperinflation) they will be able to trade there commodities for goods and services.  If money is worth nothing gold and silver don't do you any good.  Study the hyperinflation in the Weimar Republic in Germany from 1921-1923 and see how things really are in a hyperinflated economy.

Inclined to agree. In 2008 crisis gold didn’t rally in the aftermath (as some thougt it would). Rather, it fell (and cash was by far a better asset to hold). Then gold did rally a little but it was far far out performed by equites (not just in value but also even more so if you factor in the yields the equities paid).

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 25, 2018, 05:42:36 AM
Quote from: Mr Anabolic on November 24, 2018, 02:31:31 PM
I don't disagree with that.  The S&P will be a very good buy when it gets back down to the 1500 area.  Lots of people will be wiped out during that process.  401k's and retirement plans are loaded to the gills with these FANG stocks, which are ridiculously overvalued.  Those companies will lead the market down.  There will be plenty of dead-cat bounces on the way down.

The only asset not in a bubble is... gold and silver.  I expect PM prices could fall even further with the market (i.e. 2008), but there will be a run to safety when the markets really start get hammered.  PMs are where investors always run to in protracted bear markets.  JP Morgan has accumulated the largest physical silver position in history... you think they know something?

Re FANG and tech, yes Netflix is way overvalued. As is Amazon. As is Tesla. Apple on the other hand is not. It trades at a reasonable multiple to earnings. As does Google. Look a little beyond that and some tech companies listed in the US are still at decent values. Adobe. Salesforce etc.

But yes, as a whole US equities are overvalued. You should be looking at stocks in Europe and in Asia in my view (easy to buy through interactive brokers). Some chinese stocks are at bargain prices right now. Otherwise hodl that cash away and buy US equities once at reasonable valuations.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on November 25, 2018, 06:52:48 AM
GIB, you were wrong about Bitcoin. How do you feel about this?  ??? ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on November 25, 2018, 07:03:15 AM
Quote from: gib on November 25, 2018, 05:42:36 AM
Re FANG and tech, yes Netflix is way overvalued. As is Amazon. As is Tesla. Apple on the other hand is not. It trades at a reasonable multiple to earnings. As does Google. Look a little beyond that and some tech companies listed in the US are still at decent values. Adobe. Salesforce etc.

But yes, as a whole US equities are overvalued. You should be looking at stocks in Europe and in Asia in my view (easy to buy through interactive brokers). Some chinese stocks are at bargain prices right now. Otherwise hodl that cash away and buy US equities once at reasonable valuations.

The same guy whose predictions regarding bitcoin were dead wrong is now making predictions about the stock market.  How wonderful!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on November 25, 2018, 07:05:54 AM
Quote from: gib on November 25, 2018, 05:32:57 AM
Inclined to agree. In 2008 crisis gold didn’t rally in the aftermath (as some thougt it would). Rather, it fell (and cash was by far a better asset to hold). Then gold did rally a little but it was far far out performed by equites (not just in value but also even more so if you factor in the yields the equities paid).
Quote from: gib on November 25, 2018, 05:42:36 AM
Re FANG and tech, yes Netflix is way overvalued. As is Amazon. As is Tesla. Apple on the other hand is not. It trades at a reasonable multiple to earnings. As does Google. Look a little beyond that and some tech companies listed in the US are still at decent values. Adobe. Salesforce etc.

But yes, as a whole US equities are overvalued. You should be looking at stocks in Europe and in Asia in my view (easy to buy through interactive brokers). Some chinese stocks are at bargain prices right now. Otherwise hodl that cash away and buy US equities once at reasonable valuations.
(https://thumbs.gfycat.com/UncommonUnawareHoverfly-max-1mb.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on November 25, 2018, 07:10:17 AM
Quote from: gib on November 25, 2018, 04:05:10 AM
Yeah. It actually got to 19.5k. I sold shortly thereafter (and posted here at the time confirming that).

so you sold all your bitcoins at 19500?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on November 25, 2018, 07:25:29 AM
Quote from: FitnessFrenzy on November 25, 2018, 07:10:17 AM
so you sold all your bitcoins at 19500?

he was still encouraging people to buy when it was about 19 000 . . .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: denarii on November 25, 2018, 10:56:04 AM
there is someone out there who bought the exact highest price...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on November 25, 2018, 06:31:32 PM
Quote from: denarii on November 25, 2018, 10:56:04 AM
there is someone out there who bought the exact highest price...



And is still HODL-ing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on December 05, 2018, 12:00:53 PM
Is now a good time to buy?   ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: HTexan on December 05, 2018, 02:35:02 PM
Quote from: Twaddle on December 05, 2018, 12:00:53 PM
Is now a good time to buy?   ???
Maybe, watch the market. And of course, any you buy is a high risk investment.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mothballs on December 05, 2018, 03:45:16 PM
Quote from: FitnessFrenzy on November 25, 2018, 07:10:17 AM
so you sold all your bitcoins at 19500?
Far more likely that he never bought in the first place.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tres_taco_combo on December 05, 2018, 06:02:17 PM
ripple is now .34 cents - eek
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on December 05, 2018, 06:49:09 PM
Quote from: Twaddle on December 05, 2018, 12:00:53 PM
Is now a good time to buy?   ???



Amazing - 100 pages as to why NOT to buy and this post, haha. As long as marks think there is easy $$ this thing will go on for a while longer.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on December 05, 2018, 08:49:42 PM
Quote from: SOMEPARTS on December 05, 2018, 06:49:09 PM


Amazing - 100 pages as to why NOT to buy and this post, haha. As long as marks think there is easy $$ this thing will go on for a while longer.

Amazing - your inability to detect sarcasm.   :-\

(https://media.giphy.com/media/jXD7kFLwudbBC/giphy.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on December 05, 2018, 10:23:13 PM
What about the other crypto types.  Etherium or whatever it is called. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on December 06, 2018, 03:06:02 AM
A bunch of remote viewers called the Farsight Institute led by Courtney Brown are using their psychic skills to predict futures for different crypto currencies and are charging thousands for their followers to get their predictions.  I'm sure it will end well for those customers. ::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 06, 2018, 09:46:21 AM
I'm going to start a bag HODLer support group.  A lifetime membership will cost 1 ounce of gold... what a bargain!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 06, 2018, 01:47:25 PM
Quote from: gib on November 25, 2018, 04:09:20 AM
Gold is as much an “asset” as blips. I have explained this to you before. They both rely on the greater fool theory in order to increase value. And they can’t be valued as they produce zero yield.

You've "explained" nothing, you're just making statements.  Greater fool huh?  Why do banks hoard it?  Why do people cherish it?  Gold has a 5000 year history of being a store of wealth and value.  Your argument is very weak.

Of course it has no yield, it's a piece of metal.  All anti-gold people always pulls this one out of their ass, including Warren Buffet.  It's a store of wealth, insurance and it maintains your purchasing power.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: sculpture on December 06, 2018, 02:13:44 PM
Bitcoin is dying
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 06, 2018, 04:07:49 PM
Quote from: sculpture on December 06, 2018, 02:13:44 PM
Bitcoin is dying

Not dead yet... still too many HODLing fools left out there.  This crypto fad, Ponzi, bubble mania was truly one for history books.  It blows tulip mania out of the water.  It makes the late 90's tech bubble look tame.  People need to learn from it.  Sadly, there are millions and millions of new suckers born every generation who do not understand the "greater fool theory" and how it works.  There's also something called greed that is very powerful and usually self-destructive.  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 06, 2018, 08:33:54 PM
Bitcoin won't die - that is a mathematical certainty. The algorithm and formula continue to function, and will do so for ever (well as long as we have computers on earth anyhow). However the price people are prepared to pay for a bitcoin has certainly declined over the last year. Good for those who bought low and sold high. Not so good for those who did the reverse. Hodlers have the dilemma of having to sell now, and salvage some of their money, and "realize the loss" or hodle and hope for the best. BTC is still works for some short term money transfers. For example, I know of someone who recently sold a house in Thailand for around 2m USD. Due to capital control laws, no bank was allowing him to transfer out. Solution - he bought BTC (anon as done peer to peer) and the flew to the country where he wanted the funds and sold his BTC (again PTP). Well he sold part of it any how. He decided to keep part of his funds in BTC as he was so impressed with the transfer-ability and ability to access his money anywhere. And that is a problem, given how much BTC has dropped recently. Lesson for all - if you are "investing" into an asset that cannot be valued, be it gold, art, crypto etc, you really are at the mercy of animal spirits. Your asset could reach an infinitely high or low values, dependent entirely on what another person ("sucker"?) is willing to pay. On the other hand, if you buy a yield-producing asset, its short term market value should not really matter to you, as the nominal value of the yield it produces would remain unchanged. And long-term, you know that the market value will be realized over time, as driven by the yield. This is a mathematical certainty. Understanding this very basic concept is the key to long term successful value investing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 06, 2018, 08:52:59 PM
Quote from: Mr Anabolic on December 06, 2018, 01:47:25 PM
You've "explained" nothing, you're just making statements.  Greater fool huh?  Why do banks hoard it?  Why do people cherish it?  Gold has a 5000 year history of being a store of wealth and value.  Your argument is very weak.

Of course it has no yield, it's a piece of metal.  All anti-gold people always pulls this one out of their ass, including Warren Buffet.  It's a store of wealth, insurance and it maintains your purchasing power.

Actually many banks don't "hoard" gold - if anything, many sell it off. This thing about so and so person, group, etc "hoarding x" is something we use to create a sense of false demand and desirability. (Worked with crypto, and it worked with gold - was a key tactic used by "The World Gold Council".

As for being a store of wealth for 5000 years, 5000 years is but a blip in 1,000,000 years of human history - in that time we have had shells, bones, bananas, seeds, diamonds, marbles, paintings - all sorts of objects used for trading ans storing wealth. This tells you nothing about inherent value, and that is where you are getting confused. Gold does not produce anything. If you want to create real value your money need to be productively invested, and for most people the best options are either their own businesses, or invested into the business of others (which is very easy to do via listed equity exchanges". There is not a single investor in the world that has gotten rich buying a lump of gold and sitting it. However, there are millions of investors who have gotten rich by effectively deploying their money into income producing ventures - its really common sense.

Finally, in terms of "maintaining purchasing power" sadly,  even for this purpose gold has not performed well - both in nominal values, but even more so when converted into "real values" - ie taking into account inflating the the real purchasing power over time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 06, 2018, 09:00:21 PM
Quote from: FitnessFrenzy on November 25, 2018, 07:10:17 AM
so you sold all your bitcoins at 19500?

Sold all between 13,500 and 15,000. Missed selling a the absolute peak, but still made a very nice profit :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IronMagazine.com on December 06, 2018, 09:01:57 PM
Quote from: Mr Anabolic on December 06, 2018, 04:07:49 PM
Not dead yet... still too many HODLing fools left out there.  This crypto fad, Ponzi, bubble mania was truly one for history books.  It blows tulip mania out of the water.  It makes the late 90's tech bubble look tame.  People need to learn from it.  Sadly, there are millions and millions of new suckers born every generation who do not understand the "greater fool theory" and how it works.  There's also something called greed that is very powerful and usually self-destructive.   

yeah and some of those "fools" are billionaires.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 06, 2018, 09:55:46 PM
It was just a bubble, a typical Ponzi scheme with dodgy characters colluding together trying to hype it up across internet boards.
 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 06, 2018, 11:49:15 PM
Quote from: Griffith on December 06, 2018, 09:55:46 PM
It was just a bubble, a typical Ponzi scheme with dodgy characters colluding together trying to hype it up across internet boards.
 

It was indeed. Any asset that produces no yield is inherently a bubble. And yes any such “asset” is very prone to hype (both on the upside and on the downside).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 07, 2018, 04:41:49 AM
Quote from: gib on December 06, 2018, 11:49:15 PM
It was indeed. Any asset that produces no yield is inherently a bubble. And yes any such “asset” is very prone to hype (both on the upside and on the downside).

There were people deliberately colluding, working together to hype it up on internet boards.

As we told you from the beginning, it was just a bubble, which you refuted.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 07, 2018, 05:40:03 AM
Quote from: gib on December 06, 2018, 08:33:54 PM
Bitcoin won't die - that is a mathematical certainty.

it can lose 99.9% of its value.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 07, 2018, 05:54:57 AM
Quote from: Griffith on December 07, 2018, 04:41:49 AM
There were people deliberately colluding, working together to hype it up on internet boards.

As we told you from the beginning, it was just a bubble, which you refuted.

This gib guy is a classic sociopath.  He would've made a great politician.   lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 07, 2018, 06:09:33 AM
Quote from: Griffith on December 07, 2018, 04:41:49 AM
There were people deliberately colluding, working together to hype it up on internet boards.

As we told you from the beginning, it was just a bubble, which you refuted.



I didn’t refute that at all. Go back and read the whole thread. I have always maintained and explained that assets that don’t produce yields are inherently bubbles. I did however predict, correctly that bitcoin would rise from the time I started the thread (and I was right). Go back and read it...

Then, I decided to sell, and I posted that decision in this thread at the time I made it. It turns out that was also a pretty good decision.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on December 07, 2018, 06:38:02 AM
the bitcoin cash one crashed the worst.

the hype was a bit like pyramid scheme promotion. no one really uses bitcoin for anything besides dodgy internet trade. and recently my roid dealer took a standard bank transfer and the indian medshop took paypal, so it hasn't even become the main currency on the internet black market.

the other factor is that if it really took off then governments would put more regulations on it. this would hamper the main purpose behind it, i.e. anonymity.

I wish I got in early though  ;D My brother said years ago that we should mine bitcoins but I told him it was bs.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Notomorrow on December 07, 2018, 10:58:26 AM
How funny

OP was Sept 1, 2017 saying Bitcoin is at $5,000!!!!

Almost 2019 shits barely above 3,000.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 07, 2018, 11:21:57 AM
Quote from: a_pupil on December 07, 2018, 06:38:02 AM
the bitcoin cash one crashed the worst.

the hype was a bit like pyramid scheme promotion. no one really uses bitcoin for anything besides dodgy internet trade. and recently my roid dealer took a standard bank transfer and the indian medshop took paypal, so it hasn't even become the main currency on the internet black market.

Not like a pyramid scheme, it WAS a pyramid/Ponzi scheme bolstered by nothing but outrageous hype and nonsense(a new revolution!... totally private and decentralized, free from government intervention, etc.).  If you can't dazzle them with brilliance, baffle them with bullshit.  I laid it all out 80 pages ago.  

Whether it be tulips, Beanie babies, dot.coms, housing prices, comic books, baseball cards, pet rocks or blipcoins... It's never "different this time".  

It's tough to resist, but I'm done posting about this for now.  I'll post here again when blips fall another 50%, then another 50%, then another.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 07, 2018, 12:14:03 PM
Quote from: Mr Anabolic on December 07, 2018, 11:21:57 AM
Not like a pyramid scheme, it WAS a pyramid/Ponzi scheme bolstered by nothing but outrageous hype and nonsense(a new revolution!... totally private and decentralized, free from government intervention, etc.).  If you can't dazzle them with brilliance, baffle them with bullshit.  I laid it all out 80 pages ago.  

Whether it be tulips, Beanie babies, dot.coms, housing prices, comic books, baseball cards, pet rocks or blipcoins... It's never "different this time".  

It's tough to resist, but I'm done posting about this for now.  I'll post here again when blips fall another 50%, then another 50%, then another.

Exactly, a complete ponzi scheme.

And the usual bullshit talk from the culprits trying to hype it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on December 07, 2018, 12:28:17 PM
The key is to get on the ponzi scheme at the beginning and get out at the peak.  How many early investors of bitcoin made a fortune?  A better question is what is the next ponzi scheme coming down the pike so I can jump on board?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: sync pulse on December 08, 2018, 03:01:53 AM
Quote from: Humble Narcissist on December 07, 2018, 12:28:17 PM
The key is to get on the ponzi scheme at the beginning be the principal perpetrator and get out at the peak.  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 08, 2018, 04:12:57 AM
Quote from: Humble Narcissist on December 07, 2018, 12:28:17 PM
The key is to get on the ponzi scheme at the beginning and get out at the peak.  How many early investors of bitcoin made a fortune?  A better question is what is the next ponzi scheme coming down the pike so I can jump on board?

Very good post. This is always the key with any ponzie scheme (or indeed even also any irrational pricing of an asset that can be valued).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Notomorrow on December 08, 2018, 03:17:48 PM
Quote from: Humble Narcissist on December 07, 2018, 12:28:17 PM
The key is to get on the ponzi scheme at the beginning and get out at the peak.  How many early investors of bitcoin made a fortune?  A better question is what is the next ponzi scheme coming down the pike so I can jump on board?
Making money as a fitness youtube celebrity.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Hypo on December 08, 2018, 04:00:56 PM
Quote from: Notomorrow on December 08, 2018, 03:17:48 PM
Making money as a fitness youtube celebrity.

Like Bitcoin, it seems to have had its day...

Quote from: Humble Narcissist on December 07, 2018, 12:28:17 PM
The key is to get on the ponzi scheme at the beginning and get out at the peak.  How many early investors of bitcoin made a fortune?  A better question is what is the next ponzi scheme coming down the pike so I can jump on board?

This is pure Taleb, barbell investing. Small amount of money in wildly irrational investments, such as when bitcoin was at 5c.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on December 09, 2018, 03:43:35 AM
Quote from: Hypo on December 08, 2018, 04:00:56 PM
Like Bitcoin, it seems to have had its day...

This is pure Taleb, barbell investing. Small amount of money in wildly irrational investments, such as when bitcoin was at 5c.


I love Taleb's stuff.  I'm reading Antifragile right now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on December 10, 2018, 07:12:40 PM
Fellas, aside from the finger-pointing and all the other childish stuff... Where do you see BTC going? Crypto?

My take is that cryptos have a future, just not as massive as some people think they do, like being the next gold. I'd say it's between gold and traveler's checks.

Like it or not, I don't see banks peacefully accepting their own deaths and will surely fight back soon. They will most likely force the US government to do something. I know, I know, BTC is unconfiscatable, but institutional interest, which is what everyone is waiting on, will not be there if the US government intercedes.

Is STILL sense too much bullish momentum. I think BTC is still going down, probably below 1K, and how it rebounds is what is really the key. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 11, 2018, 06:19:29 AM
Quote from: Slapper on December 10, 2018, 07:12:40 PM
Fellas, aside from the finger-pointing and all the other childish stuff... Where do you see BTC going? Crypto?

My take is that cryptos have a future, just not as massive as some people think they do, like being the next gold. I'd say it's between gold and traveler's checks.

Like it or not, I don't see banks peacefully accepting their own deaths and will surely fight back soon. They will most likely force the US government to do something. I know, I know, BTC is unconfiscatable, but institutional interest, which is what everyone is waiting on, will not be there if the US government intercedes.

Is STILL sense too much bullish momentum. I think BTC is still going down, probably below 1K, and how it rebounds is what is really the key. 

Governments are already interceding.  Don't kid yourself.

Why are blipcoin devotees so myopic?  Blip/crypto mania is OVER.  Let it go.   
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 11, 2018, 12:36:44 PM
Quote from: Slapper on December 10, 2018, 07:12:40 PM
Fellas, aside from the finger-pointing and all the other childish stuff... Where do you see BTC going? Crypto?

My take is that cryptos have a future, just not as massive as some people think they do, like being the next gold. I'd say it's between gold and traveler's checks.

Like it or not, I don't see banks peacefully accepting their own deaths and will surely fight back soon. They will most likely force the US government to do something. I know, I know, BTC is unconfiscatable, but institutional interest, which is what everyone is waiting on, will not be there if the US government intercedes.

Is STILL sense too much bullish momentum. I think BTC is still going down, probably below 1K, and how it rebounds is what is really the key. 

If indeed bitcoin has a future we won't see it get to 20k again for another 10 or 15 years at least.

I'll be buying again at 2k and if it ever drops to 0.4k or lower I'll buy quite a bit.

It's money I'm happy to lose, but if it does peak again in 20 or 30 years I'll have a fantastic retirement fund which I can blow on hookers.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on December 11, 2018, 01:49:37 PM
BTC will not be around in 20 years. The tech is already obsolete now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 11, 2018, 02:19:18 PM
Quote from: SOMEPARTS on December 11, 2018, 01:49:37 PM
BTC will not be around in 20 years. The tech is already obsolete now.

Very possible, but it's the one stuck in peoples consciences and that counts for a lot.

Ethereum is the other I'll speculate on.  Hopefully one of the tech giants support Ethereum or launch a crypto so I can get in early, otherwise crypto as we know will likely dead in a few years. Well until the banks adopt some kinda blockchain, but there won't be much money to be made for us mere mortals there.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: XFACTOR on December 11, 2018, 05:30:29 PM
Quote from: Flexacon on December 11, 2018, 12:36:44 PM
If indeed bitcoin has a future we won't see it get to 20k again for another 10 or 15 years at least.

I'll be buying again at 2k and if it ever drops to 0.4k or lower I'll buy quite a bit.

It's money I'm happy to lose, but if it does peak again in 20 or 30 years I'll have a fantastic retirement fund which I can blow on hookers.

You need to rearrange the words “retirement fund to spend on hookers and blow”
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on December 11, 2018, 06:52:51 PM
Quote from: SOMEPARTS on December 11, 2018, 01:49:37 PM
BTC will not be around in 20 years. The tech is already obsolete now.

Contrary to what many people think, BTC WILL be around in 20 years. However, it will be mainly be used as a means to store digital wealth.

The best of the best cryptographers have worked on this to make it safe barter, and the best hackers have tried and failed to hack into the databases.

One thing I just don't see is for it to go back to 20k, let alone 100k, for many, many years. All the crypto traders I talk to are now re-calculating their price forecasts to 15-20 years in the future (from 5-10 months).

Institutions just won't get in on it any time soon. At least until something concrete and workable comes becomes apparent and scalable.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on December 11, 2018, 07:37:45 PM
Quote from: Slapper on December 11, 2018, 06:52:51 PM
Contrary to what many people think, BTC WILL be around in 20 years. However, it will be mainly be used as a means to store digital wealth.

The best of the best cryptographers have worked on this to make it safe barter, and the best hackers have tried and failed to hack into the databases.

One thing I just don't see is for it to go back to 20k, let alone 100k, for many, many years. All the crypto traders I talk to are now re-calculating their price forecasts to 15-20 years in the future (from 5-10 months).

Institutions just won't get in on it any time soon. At least until something concrete and workable comes becomes apparent and scalable.



You sir are the Last of the Mohicans.

BTC

...has proven to be no store of wealth, unless you bought well under current price that is - which is pure speculative luck.

...exchanges have ALL been hacked, and that's where your money actually lives. AI will hack the backbone of BTC eventually.

...forecasting years into the future for anything tech based could only be to keep dumb money in - certainly after the initial spike to 20k. Good tech works quickly and replaces an old system in a revolutionary way.

...institutions will manipulate BTC to make sure their "concrete and workable and scalable" solution is used rather than an anonymous platform. Market cap of crypto is tiny, any major bank can do a better backed version when it is time let alone the govt that holds world reserve currency....or maybe a company like AMZN in a "company store" fashion since everybody is buying everything there anyway.

...majority of people will run to what they perceive as a safer and more stable alternative and abandon BTC like Myspace when Facebook came along. When I say majority of course we are still talking about a small group - truth is the adoption rate of BTC is about the same as people that previously did online poker before they shut that down.

...The idea that a ledger was anonymous ended up being too good to be true in the best case and a blatant lie in the worst case. That was the major selling point in the early stages and has all but gone to the wayside. Without that it's just a bad version of money. Not being able to get out is not the same as a store of value.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on December 12, 2018, 04:06:12 AM
Quote from: SOMEPARTS on December 11, 2018, 07:37:45 PM


You sir are the Last of the Mohicans.

BTC

...has proven to be no store of wealth, unless you bought well under current price that is - which is pure speculative luck.

...exchanges have ALL been hacked, and that's where your money actually lives. AI will hack the backbone of BTC eventually.

...forecasting years into the future for anything tech based could only be to keep dumb money in - certainly after the initial spike to 20k. Good tech works quickly and replaces an old system in a revolutionary way.

...institutions will manipulate BTC to make sure their "concrete and workable and scalable" solution is used rather than an anonymous platform. Market cap of crypto is tiny, any major bank can do a better backed version when it is time let alone the govt that holds world reserve currency....or maybe a company like AMZN in a "company store" fashion since everybody is buying everything there anyway.

...majority of people will run to what they perceive as a safer and more stable alternative and abandon BTC like Myspace when Facebook came along. When I say majority of course we are still talking about a small group - truth is the adoption rate of BTC is about the same as people that previously did online poker before they shut that down.

...The idea that a ledger was anonymous ended up being too good to be true in the best case and a blatant lie in the worst case. That was the major selling point in the early stages and has all but gone to the wayside. Without that it's just a bad version of money. Not being able to get out is not the same as a store of value.



this is so true. if shitcoins ever became a popular online payment method, amazon could destroy all of them by making their own one.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 12, 2018, 05:09:11 AM
a lot of gib-berish being posted in this thread. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 12, 2018, 05:38:56 AM
Quote from: FitnessFrenzy on December 12, 2018, 05:09:11 AM
a lot of gib-berish being posted in this thread.  

Fun to go back and read all of it.  Like every other blipcoin huckster he listed all the reasons people NEED to buy it and he was 99% certain it was going to $100k, then $1,000,000.  Just another dolt who bought into the scam and was chasing price.  

I'm glad this thread is here and preserved for posterity, it's a lesson in the psychology of a bubble mania.  The main lesson people should take from this thread is that:  It's never different this time.  

Blipcoin is somewhere in the capitulation phase...

 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 12, 2018, 08:25:41 AM
it should be obvious by now that bitcoin served a purpose – to introduce blockchain.

blockchain, spreading like cancer, has a function – to bind mankind to an inescapable, hellish reality of absolute control.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 24, 2019, 12:51:53 AM
It may soon be time to revisit this thread again ... :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 24, 2019, 12:55:42 AM
Quote from: Mr Anabolic on December 12, 2018, 05:38:56 AM
I'm glad this thread is here and preserved for posterity, it's a lesson in the psychology of a bubble.
 

Yes that was indeed the purpose of the thread. That, and me doing my duty to help push up the price (which of course is what every holder of a non yielding asset should be doing).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 24, 2019, 12:58:48 AM
Quote from: Slapper on December 11, 2018, 06:52:51 PM
Contrary to what many people think, BTC WILL be around in 20 years. However, it will be mainly be used as a means to store digital wealth.

The best of the best cryptographers have worked on this to make it safe barter, and the best hackers have tried and failed to hack into the databases.

One thing I just don't see is for it to go back to 20k, let alone 100k, for many, many years. All the crypto traders I talk to are now re-calculating their price forecasts to 15-20 years in the future (from 5-10 months).

Institutions just won't get in on it any time soon. At least until something concrete and workable comes becomes apparent and scalable.

This is entirely correct. As to what it’s value will be, that is not possible to determine. It could be 1k, 10k, 100k or even 1m. But yes, either way it will still be around. And yes primarily as a store of value.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 24, 2019, 01:01:22 AM
Quote from: gib on February 24, 2019, 12:55:42 AM
Yes that was indeed the purpose of the thread. That, and me doing my duty to help push up the price (which of course is what every holder of a non yielding asset should be doing).

You have already been called out as a piece of shit, at least you're admitting it yourself as well.

You always sounded like the stereotypical dodgy used car salesman or greasy broker type trying to sell rubbish and con people.

Spotted your BS and had you pegged a mile away.

You were telling people to buy when it was almost 20 000 dollars, if people were gullible enough to follow your reckless 'advice' they could have lost everything, but you don't care. Your behaviour was extremely dangerous.

Some people like you even got into legal trouble for trying to 'push up' the price on forums...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 24, 2019, 06:31:53 AM
Quote from: Griffith on February 24, 2019, 01:01:22 AM
You have already been called out as a piece of shit, at least you're admitting it yourself as well.

You always sounded like the stereotypical dodgy used car salesman or greasy broker type trying to sell rubbish and con people.

Spotted your BS and had you pegged a mile away.

You were telling people to buy when it was almost 20 000 dollars, if people were gullible enough to follow your reckless 'advice' they could have lost everything, but you don't care. Your behaviour was extremely dangerous.

Some people like you even got into legal trouble for trying to 'push up' the price on forums...


I called this lying POS out many pages ago.  I've seen this BS many times on stock/trading forums and it wasn't hard to figure out.  He had a few gimmick accounts here to help bolster his bullshit.  Gibtard may have actually believed all the blipcoin hype at the beginning of this thread (i.e. "a new revolution", "blipcoin is money", "blips to $100K"), but when he realized he was dead wrong he flipped the narrative and said it was all just a pump and dump in order to save face.  Either way he's despicable piece of shit.  I hope karma gets this fucker soon.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on February 24, 2019, 08:20:04 AM
Quote from: Griffith on February 24, 2019, 01:01:22 AM
You have already been called out as a piece of shit, at least you're admitting it yourself as well.

You always sounded like the stereotypical dodgy used car salesman or greasy broker type trying to sell rubbish and con people.

Spotted your BS and had you pegged a mile away.

You were telling people to buy when it was almost 20 000 dollars, if people were gullible enough to follow your reckless 'advice' they could have lost everything, but you don't care. Your behaviour was extremely dangerous.

Some people like you even got into legal trouble for trying to 'push up' the price on forums...


Glad I never listened to GIB and purchased bitcoins. He was working overtime to push his agenda.

Nonetheless, it was fun bumping the thread to see the idiots go back and forth.  :D :D :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 24, 2019, 10:21:19 AM
Quote from: gib on February 24, 2019, 12:55:42 AM
Yes that was indeed the purpose of the thread. That, and me doing my duty to help push up the price (which of course is what every holder of a non yielding asset should be doing).

So you think your pumping on Getbig helped blips reach the price they did?  

LOL!  

You're more moronic than I thought.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 24, 2019, 12:22:34 PM
Quote from: gib on February 24, 2019, 12:51:53 AM
It may soon be time to revisit this thread again ... :)

LMAO

It just took a nosedive
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on February 24, 2019, 05:17:51 PM
Quote from: Flexacon on February 24, 2019, 12:22:34 PM
LMAO

It just took a nosedive

W. O. W.

What a drop.

Massive bull trap.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on February 24, 2019, 05:22:28 PM
Everyone and their mothers in law are waiting for the $2300 level but... it all looks like BTC is going to tank HARD.

Like sub 1k hard.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: myt1 on February 24, 2019, 05:27:28 PM
I haven't been following this thread, but it was at the top and I still get industry emails from my former profession so I thought I'd ask what you guys think this means for bitcoin?

Does it legitimize them, and is it a massive threat to bitcoin either way?

https://www.theverge.com/2019/2/14/18224976/jp-morgan-chase-cryptocurrency-banking-cnbc
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on February 24, 2019, 05:44:37 PM
Quote from: gib on February 24, 2019, 12:55:42 AM
Yes that was indeed the purpose of the thread. That, and me doing my duty to help push up the price (which of course is what every holder of a non yielding asset should be doing).

Everyone on Getbig knows you really believed the hype.

Don't try to act like you always knew what you were doing.  ::) ::) ::)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on February 24, 2019, 05:48:39 PM
Bitcoin was a classic pump and dump scheme.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on February 24, 2019, 05:58:07 PM
Quote from: gib on February 24, 2019, 12:58:48 AM
This is entirely correct. As to what it’s value will be, that is not possible to determine. It could be 1k, 10k, 100k or even 1m. But yes, either way it will still be around. And yes primarily as a store of value.

Hahahahahaha

I just read one of your posts where you claim the purpose of this thread was to help push up the price (which is of course, bullshit), and your next post is this gem.

At 1 million per bitcoin, the market cap should be 17.56 trillion dollars. The market cap currently is 66 billion.

Tell us, where are the 17.49 trillion needed coming from? ::)



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on February 24, 2019, 06:23:16 PM
One of the little secrets of BTC is that is unconfiscatable, which is bull shit because the government came either raid or close down the exchanges and then those holding the currency will be holding a currency that is losing value AND purpose. Don't get me wrong, it won't loose all its value but it will be as valuable as kiddy porn is to pedophiles, meaning a minute minority of individuals.

The most delusional comment of all is that it is going to replace gold. If this isn't a red flag, I don't know what is a red flag.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on February 24, 2019, 07:23:44 PM
All of the big banks are currently working on AI for their various customer interface platforms as well as in house crypto.

To answer the question about where all the money would come from for BTC to become 17 trillion...if you recall the first thing you heard in the early days was that crypto was anonymous, fair and that it would bust the big banking system. It was to siphon all liquidity/value out of existing markets and start a new paradigm where the code was a third party check against corruption and fraud. What was not taken into account is human nature. The same human nature that created the current banking system got into crypto. Same as it ever was. Money operates the same as the law of the jungle.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 24, 2019, 07:52:09 PM
Quote from: el numero uno on February 24, 2019, 05:58:07 PM
Hahahahahaha

I just read one of your posts where you claim the purpose of this thread was to help push up the price (which is of course, bullshit), and your next post is this gem.

At 1 million per bitcoin, the market cap should be 17.56 trillion dollars. The market cap currently is 66 billion.

Tell us, where are the 17.49 trillion needed coming from? ::)

That's 920 times the GDP of the U.S., and 218 times the GDP of the entire world.

You are an idiot who has no idea of what he's doing.





You are of course assuming the dollar will not lose value. Does goods at the grocery store cost more or less today than they did 10 years ago? All fiat currencies will eventually lose their value in buying terms.

Bitcoin is a finite supply. And if someone dies and takes their wallet keys with them to their grave then those bitcoins are lost. If you're alive and you forget your passwords or wallet address the BTC is gone. So over time the finite supply of BTC is going to reduce even further. That will drive up cost. Human nature will also play a role. The longer it is used and the more people become invested in it the less likely chance it will fail. Because there would be too many people that care about it's value.

I don't own any BTC but this is just an observation I am making. I am more interested in the other alt coins that are lower priced at the moment.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 24, 2019, 07:56:53 PM
Quote from: SOMEPARTS on February 24, 2019, 07:23:44 PM
All of the big banks are currently working on AI for their various customer interface platforms as well as in house crypto.

To answer the question about where all the money would come from for BTC to become 17 trillion...if you recall the first thing you heard in the early days was that crypto was anonymous, fair and that it would bust the big banking system. It was to siphon all liquidity/value out of existing markets and start a new paradigm where the code was a third party check against corruption and fraud. What was not taken into account is human nature. The same human nature that created the current banking system got into crypto. Same as it ever was. Money operates the same as the law of the jungle.

Yes like JP Morgan with their JPM Coin. But it will be used in house. A platform like XRP could serve as a middle man between banks. You think other banks are going to trust JP Morgan? The whole point of a blockchain is that it is decentralized and transparent. Will JP Morgan's crypto coin transactions be viewable by the public?

If anything JPM Coin and other bank coins might drive up the cost of other crypto coins because it legitimizes the technology in a sense.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 24, 2019, 07:58:40 PM
Quote from: Slapper on February 24, 2019, 06:23:16 PM
One of the little secrets of BTC is that is unconfiscatable, which is bull shit because the government came either raid or close down the exchanges and then those holding the currency will be holding a currency that is losing value AND purpose. Don't get me wrong, it won't loose all its value but it will be as valuable as kiddy porn is to pedophiles, meaning a minute minority of individuals.

The most delusional comment of all is that it is going to replace gold. If this isn't a red flag, I don't know what is a red flag.

Most people don’t keep their BTC on exchanges. Rather they hold in cold storage.

Secondly, gold is actually far more at risk of confiscations, as it is a physical asset. Indeed this has happened in the past. Learn your American history ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Wiggs on February 24, 2019, 08:02:42 PM
     JPM Coin will be used to digitally launder money. Other big banks can create their own coins doing what JPM does. Poor Ripple would be the coin of the banks that don't want to or can't afford to create their coin. This could be a VHS vs Beta Max situation. If just JPM hops on, it will lose.  If other banks join and create their own coin, that doesn't bode well for Ripple.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Strubbbbs on February 24, 2019, 08:08:43 PM
It's not about "money". The reason that neither Bitcoin nor any other bullshit will replace money is because it's not about money. It's about wealth and who actually owns things like land, minerals, oil, power etc. Money is just a way for the plebs like us to gawk at and think - Holy shit those people are rich. The "money" just quantifies their wealth in simplistic terms.

To all the retards who think bitcoin or some other fucking electron based display on your monitor will usurp power from the hands of those who presently hold it because their "money" will become worthless.... you are iincredibly naive. The people at the top .00000001% who actually hold and maintain power don't fucking need money. The money is just a way of keeping score. Its just a symbol of their wealth. If Bitcoin or some other thing ACTUALLY threatened their hold on power, do you think they would simply shrug their shoulders and say " Oh well, those geeky computer geniuses really got us good".

Fuck some people are stupid. It's not about money or currency. Us Plebs use that to make our lives function. The ones with most money are trading and dealing in power and control on national and global scales.

And as for anonymous and hidden identities and secret accounts because of encryption and other fucking nonesense - wake up. If your hidden its only because youre insignificant and a threat to no one. Do you honestly think that if the "anonymous super secret holders" of Bitcoin were actually a blip on the radar of people with real power, that they would remain hidden? You can only hide on planet earth. You'd be fucked. Either through legislation or confiscation or straight up made to disappear overnight.

Anyway, rant over. Fuck off.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 24, 2019, 10:31:31 PM
Quote from: jr on February 24, 2019, 09:28:58 PM
You don't need 17,49 trillion dollars to go in to increase the market cap to 17.56 trillion dollars.

For example I could make a cryptocurrency which has 17 trillion coins, and I sell the first coin to you for $1, then the market cap of my cryptocurrency is 17 trillion dollars, then you can sell it to someone else for $2 and now the market cap is 35 trillion dollars. This is why there was such huge valuations of worthless alt coins during the bubble, and many have lost 99% of their value since.

"According to JPM, only 2 billion dollars entered Bitcoin in 2017 => $2 billion propelled bitcoin's market cap from $15 billion in Jan/1/2017 to $250 billion by year end."

(https://pbs.twimg.com/media/DwAzKnmWkAAfk0F?format=jpg&name=small)


Correct:) This is indeed exactly what happened. (The challange of a creator of such currencies being how to release and sell of portions of what they hold (“cashing in”) without crashing the market.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 25, 2019, 02:55:20 AM
Quote from: jr on February 24, 2019, 09:28:58 PM
You don't need 17,49 trillion dollars to go in to increase the market cap to 17.56 trillion dollars.

For example I could make a cryptocurrency which has 17 trillion coins, and I sell the first coin to you for $1, then the market cap of my cryptocurrency is 17 trillion dollars, then you can sell it to someone else for $2 and now the market cap is 35 trillion dollars. This is why there was such huge valuations of worthless alt coins during the bubble, and many have lost 99% of their value since.

"According to JPM, only 2 billion dollars entered Bitcoin in 2017 => $2 billion propelled bitcoin's market cap from $15 billion in Jan/1/2017 to $250 billion by year end."

(https://pbs.twimg.com/media/DwAzKnmWkAAfk0F?format=jpg&name=small)

Sure, but the statement that the market cap of BTC would have to be in the trillions if 1 BTC = $1 million is correct.

There will be a maximum of 21 million bitcoins.

If 1 Bitcoin = $1 million then 21 million bitcoins have a market cap of $21 trillion. Of course some of those bitcoins will be lost so the market cap when 1 btc = $1 million will be less than $21 trillion.

1 million = 1,000,000
21 million BTC = 21 x 1,000,000 = 21,000,000 BTC

21,000,000 BTC x $1,000,000 = $21,000,000,000,000

1 billion dollars = 1,000 x $1,000,000 = $1,000,000,000

$21,000,000,000,000 / 1000,000,000 =  $21,000 billion

1 trillion dollars = 1,000 billion dollars

$21,000 billion / 1,000 = 21 trillion dollars

https://www.investopedia.com/tech/what-happens-bitcoin-after-21-million-mined/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 25, 2019, 03:03:18 AM
Quote from: gib on February 24, 2019, 10:31:31 PM
Correct:) This is indeed exactly what happened. (The challange of a creator of such currencies being how to release and sell of portions of what they hold (“cashing in”) without crashing the market.
Any market in the world would crash if everyone sold their portions in a short period of time. The whole economy is a pyramid scheme in that sense. That is why there are safety checks in place and the stock market for example will close for the day to let people cool off if it falls too much.

The markets did not collapse completely in 2009. A total collapse imo would be when the DOW is at ZERO. They were able to stop the decline at about 6,500 if I recall. Had they not intervened who knows how low it would have gone. Chaos would definitely have set in as much as I hate  to admit it. The crypto market crashed in 2018 more than the stock market did percentage wise in 2009. It will be interesting to see where we end in 1-2 years.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 25, 2019, 03:10:41 AM
Quote from: el numero uno on February 24, 2019, 05:58:07 PM
Hahahahahaha

I just read one of your posts where you claim the purpose of this thread was to help push up the price (which is of course, bullshit), and your next post is this gem.

At 1 million per bitcoin, the market cap should be 17.56 trillion dollars. The market cap currently is 66 billion.

Tell us, where are the 17.49 trillion needed coming from? ::)


US debt is currently at $22 trillion.

Even when bitcoin is worth zero it still is worth more than the US debit which is at negative 22 trillion dollars!

So maybe this is not unrealistic to expect a market cap for crypto currencies in the trillions of dollars?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 25, 2019, 03:14:24 AM
Quote from: Strubbbbs on February 24, 2019, 08:08:43 PM
It's not about "money". The reason that neither Bitcoin nor any other bullshit will replace money is because it's not about money. It's about wealth and who actually owns things like land, minerals, oil, power etc. Money is just a way for the plebs like us to gawk at and think - Holy shit those people are rich. The "money" just quantifies their wealth in simplistic terms.

To all the retards who think bitcoin or some other fucking electron based display on your monitor will usurp power from the hands of those who presently hold it because their "money" will become worthless.... you are iincredibly naive. The people at the top .00000001% who actually hold and maintain power don't fucking need money. The money is just a way of keeping score. Its just a symbol of their wealth. If Bitcoin or some other thing ACTUALLY threatened their hold on power, do you think they would simply shrug their shoulders and say " Oh well, those geeky computer geniuses really got us good".

Fuck some people are stupid. It's not about money or currency. Us Plebs use that to make our lives function. The ones with most money are trading and dealing in power and control on national and global scales.

And as for anonymous and hidden identities and secret accounts because of encryption and other fucking nonesense - wake up. If your hidden its only because youre insignificant and a threat to no one. Do you honestly think that if the "anonymous super secret holders" of Bitcoin were actually a blip on the radar of people with real power, that they would remain hidden? You can only hide on planet earth. You'd be fucked. Either through legislation or confiscation or straight up made to disappear overnight.

Anyway, rant over. Fuck off.
Money is used as a medium of transfer and to quantify wealth. If a wealthy individual that does not need money decides to sell an expensive piece of property to someone else they will use some from of money transfer to quantify the value of the property. So yes the wealthy need money just like anyone else. Maybe they will accept a case of diamonds for the property but I doubt it. The money will be wired electronically from accounts. But it is still money whether it is in dollars, pounds, euros etc. When they then decide to buy stocks the stocks value are also pegged to a currency (money).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on February 25, 2019, 04:36:09 AM
Quote from: gib on February 24, 2019, 07:58:40 PM
Most people don’t keep their BTC on exchanges. Rather they hold in cold storage.

Secondly, gold is actually far more at risk of confiscations, as it is a physical asset. Indeed this has happened in the past. Learn your American history ...

Dude, that “most people” hold their coins in cold storage is so NOT true it isn’t even funny. Conventional brokerage houses  are currently working on developing fractional capacity in order to take business away from crypto exchanges. Most people are currently holding franctions in an exchange. The biggest holders are the ones holding their coins in cold storage, but they are a minority. If the US government wants to confiscate all BTc, there is nothing you or I can do. The big holders will be able to keep their coins, but outside of that crypto small circle, BTC will lose its transactional value, meaning people will lose faith in it and abandon the currencies.

They’ve done it with gold in the past and they will do it with BTC once the debt crisis explodes.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 25, 2019, 05:10:11 AM
Blips and cryptos are worthless digital vaporware.  You diehard, myopic crypto devotees are in la-la land.  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on February 25, 2019, 05:13:26 AM
Quote from: gib on February 24, 2019, 10:31:31 PM
Correct:) This is indeed exactly what happened. (The challange of a creator of such currencies being how to release and sell of portions of what they hold (“cashing in”) without crashing the market.

Oh STFU.  No one is listening to or cares what you think.  Lying, pumping POS that you are.  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 25, 2019, 05:25:24 AM
Quote from: Strubbbbs on February 24, 2019, 08:08:43 PM
It's not about "money". The reason that neither Bitcoin nor any other bullshit will replace money is because it's not about money. It's about wealth and who actually owns things like land, minerals, oil, power etc. Money is just a way for the plebs like us to gawk at and think - Holy shit those people are rich. The "money" just quantifies their wealth in simplistic terms.

To all the retards who think bitcoin or some other fucking electron based display on your monitor will usurp power from the hands of those who presently hold it because their "money" will become worthless.... you are iincredibly naive. The people at the top .00000001% who actually hold and maintain power don't fucking need money. The money is just a way of keeping score. Its just a symbol of their wealth. If Bitcoin or some other thing ACTUALLY threatened their hold on power, do you think they would simply shrug their shoulders and say " Oh well, those geeky computer geniuses really got us good".

Fuck some people are stupid. It's not about money or currency. Us Plebs use that to make our lives function. The ones with most money are trading and dealing in power and control on national and global scales.

And as for anonymous and hidden identities and secret accounts because of encryption and other fucking nonesense - wake up. If your hidden its only because youre insignificant and a threat to no one. Do you honestly think that if the "anonymous super secret holders" of Bitcoin were actually a blip on the radar of people with real power, that they would remain hidden? You can only hide on planet earth. You'd be fucked. Either through legislation or confiscation or straight up made to disappear overnight.

Anyway, rant over. Fuck off.

Exactly.

Those bits and bytes are worth nothing and not linked to anything tangible.

A 'fiat' currency is represented by paper but it's still linked to an entire economy of a country: its means of production, industries, services, trade, labour, stability, minerals, resources etc.

Currency basically represents the stock value of a country.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 25, 2019, 07:55:37 AM
Quote from: Slapper on February 25, 2019, 04:36:09 AM
Dude, that “most people” hold their coins in cold storage is so NOT true it isn’t even funny. Conventional brokerage houses  are currently working on developing fractional capacity in order to take business away from crypto exchanges. Most people are currently holding franctions in an exchange. The biggest holders are the ones holding their coins in cold storage, but they are a minority. If the US government wants to confiscate all BTc, there is nothing you or I can do. The big holders will be able to keep their coins, but outside of that crypto small circle, BTC will lose its transactional value, meaning people will lose faith in it and abandon the currencies.

They’ve done it with gold in the past and they will do it with BTC once the debt crisis explodes.

I’m not sure what the exact % of BTC is held in cold storage but I would think it’s the vast majority of total supply. You are probably right though that the vast portion of that group is a small number of individual “whales”. High net worth people, private funds, investment banks and possibly some countries (China, USA, North Korea). And then yes a much larger group of people in the millions holding fractional amounts on exchanges. I always held mine offline except for some shrapnel in the few thousands accessible from my mobile phone anywhere in the world in an instant in case need for emergency purposes.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 25, 2019, 08:00:49 AM
Quote from: Mr Anabolic on February 25, 2019, 05:13:26 AM
Oh STFU.  No one is listening to or cares what you think.  Lying, pumping POS that you are.  

Thank you for your contribution. I am glad you are still here and engaged, and bitter as ever.

I am preparing for a nice rebuttal for you, but you will need to wait a little.

In the meantime, don’t forget who started this thread.

Oh and US stock markets up again today. (Part of my rebuttal will contain references to the many many years you have predicted that US stocks will fall, only to be wrong, and the many many years you have predicted gold to rise (only to be wrong). Anyhow stay tuned. It’s going to be fun (and hopefully also educational).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Strubbbbs on February 25, 2019, 08:55:41 AM
Quote from: Griffith on February 25, 2019, 05:25:24 AM
Exactly.

Those bits and bytes are worth nothing and not linked to anything tangible.

A 'fiat' currency is represented by paper but it's still linked to an entire economy of a country: its means of production, industries, services, trade, labour, stability, minerals, resources etc.

Currency basically represents the stock value of a country.


Thank you. My point exactly.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 25, 2019, 10:12:47 AM
Quote from: gib on February 25, 2019, 08:00:49 AM
Thank you for your contribution. I am glad you are still here and engaged, and bitter as ever.

I am preparing for a nice rebuttal for you, but you will need to wait a little.

In the meantime, don’t forget who started this thread.

Oh and US stock markets up again today. (Part of my rebuttal will contain references to the many many years you have predicted that US stocks will fall, only to be wrong, and the many many years you have predicted gold to rise (only to be wrong). Anyhow stay tuned. It’s going to be fun (and hopefully also educational).

You have lost all credibility.

No one will believe or trust anything you say.

You claim you were bullshitting the whole time in this thread, and arguing only for personal convenience and not objectively.

There's no reason to believe your current behaviour will be any different.

People now consider everything you say as BS just to suit yourself at a specific time, and then flip-flop and change 'opinion' again when its suits you best.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on February 25, 2019, 07:55:23 PM
So which crypto thingy is the one to start purchasing now?  or have they all jumped the shark.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 25, 2019, 08:13:30 PM
Quote from: LurkerNoMore on February 25, 2019, 07:55:23 PM
So which crypto thingy is the one to start purchasing now?  or have they all jumped the shark.

My view, if you want to buy anything, is to stick to BTC. The thinking being that eventually the market has to accept the inevatable conclusion that either there can (and will) be an infinite number of currencies created, all of which continuously dilute each other’s values, or that it can capitulate and gravitate towards a single currency. The same selfish view which drove people to “seek value” in newly created currencies will drive people back to collectively (and selfishly) drive up value again in a single currency. And for a range of reasons, if this does happen, it seems likely that BTC could be the “chosen one”.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on February 25, 2019, 11:33:32 PM
Quote from: gib on February 25, 2019, 08:13:30 PM
My view, if you want to buy anything, is to stick to BTC. The thinking being that eventually the market has to accept the inevatable conclusion that either there can (and will) be an infinite number of currencies created, all of which continuously dilute each other’s values, or that it can capitulate and gravitate towards a single currency. The same selfish view which drove people to “seek value” in newly created currencies will drive people back to collectively (and selfishly) drive up value again in a single currency. And for a range of reasons, if this does happen, it seems likely that BTC could be the “chosen one”.



It was chosen...as a beta test. No bad tech is safe from being replaced. Factor in human nature running to safety and you have no chance of independent money. One world money is coming, it's not BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on April 03, 2019, 10:51:17 AM
Back up over 5000
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on April 03, 2019, 03:35:34 PM
Quote from: Theoak* on April 03, 2019, 10:51:17 AM
Back up over 5000


You just had to didn't ya? Ha.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on April 03, 2019, 04:06:13 PM
(https://memeexplorer.com/cache/941.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on April 03, 2019, 04:55:56 PM
Quote from: SOMEPARTS on April 03, 2019, 03:35:34 PM

You just had to didn't ya? Ha.

Haha , retrace was inevitable after such a sharp upturn. I was thinking it would hold for few days more
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tres_taco_combo on April 03, 2019, 06:17:36 PM
it was crazy when it hit $20k in jan 2018....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on April 04, 2019, 12:10:29 AM
Quote from: tres_taco_combo on April 03, 2019, 06:17:36 PM
it was crazy when it hit $20k in jan 2018....


Yes, late December. The next bull run will be biblical and leave the 20k ATH for dead.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tres_taco_combo on April 04, 2019, 04:11:48 PM
ripple was the coin i was going to buy in 2017. got a tip about it when it was around 20-30 cents. i never got it in (it was a pain in the ass to buy) then it ran up a few months later.

i got the tip around august 2017/sept 2017.

my charge card declined the purchase etc.. then it ran up to $4.00 - i thought i missed out. my goal was to purchase $4,000

that would have been 16,000 coins/shared assuming .25 per unit. price jumped to $4.00 my coins would have been worth $64k


the sole reason i didnt buy it... it was giant pain the ass to get registered/signed up for it. some suggested buying bitcoin then doing a swap to own ripple

winklevoss twins - they were all over the news with it
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 06, 2019, 09:20:15 PM
Blipity blip. Time to bump this thread ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on April 06, 2019, 10:25:44 PM
Quote from: gib on April 06, 2019, 09:20:15 PM
Blipity blip. Time to bump this thread ...

Why?  How will this end any differently than the last time? 

Fool me once, shame on you.  Fool me twice, shame on me.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 07, 2019, 02:04:41 AM
Quote from: Theoak* on April 04, 2019, 12:10:29 AM
Yes, late December. The next bull run will be biblical and leave the 20k ATH for dead.

Don’t tell that to Mr Anabolic. He gets very upset about statements like that :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 07, 2019, 02:07:22 AM
Quote from: Twaddle on April 06, 2019, 10:25:44 PM
Why?  How will this end any differently than the last time? 

Fool me once, shame on you.  Fool me twice, shame on me.

Actually, it didn’t end...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 08, 2019, 01:30:12 AM
For the record - I announce I am now back in. Bought 2 coins at 5100 today.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on April 08, 2019, 05:55:33 AM
Quote from: gib on April 07, 2019, 02:04:41 AM
Don’t tell that to Mr Anabolic. He gets very upset about statements like that :)

Tell Mr Anabolic Someone moved 6,855 BTC ($36M) in block 570,724. Probably ready to short the market.
Perhaps cost him under 10cents to move 36mil.
How much would it cost in fees to wire transfer 36mil? Even better, transport 36mil in gold?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Notomorrow on April 08, 2019, 07:47:42 AM
Bitcoin about to hit 5,000!!!!! Thread started in 2017....shits barely above 5,000 2019. Every generation has a get rich quick scheme. Mine was in 1999 when I jumped in all high tech stocks...Qualcomm, etc...put in $10,000 in 99...no diversification..had $45,000 a year later..just out of college. Thought if I just hold on this run a little longer I'm putting $100,000 down on a condo in my 20's!!!! Had $10,000 again REAL quick. Young and dumb. But learned valuable lesson.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on April 08, 2019, 03:37:02 PM
Quote from: Notomorrow on April 08, 2019, 07:47:42 AM
Bitcoin about to hit 5,000!!!!! Thread started in 2017....shits barely above 5,000 2019. Every generation has a get rich quick scheme. Mine was in 1999 when I jumped in all high tech stocks...Qualcomm, etc...put in $10,000 in 99...no diversification..had $45,000 a year later..just out of college. Thought if I just hold on this run a little longer I'm putting $100,000 down on a condo in my 20's!!!! Had $10,000 again REAL quick. Young and dumb. But learned valuable lesson.

Bitcoin is still in its infancy stages, if you’re comparing .com bubble then take into consideration just value alone. .com was what 7-8 trillion market cap? Adjusted to inflation is 50trillion of today’s money
Btc as it stands right now is 93billion, imagine the implications on pricing of btc if it hits 1 trillion$ market cap given its finite supply of 21million?

Adoption is increasing on a daily basis, developments, infrastructures, coding etc. volatility is part of the process. Those that can buy now and hodl for next 5-10 years will be far better off than investing in any PM, stocks bonds or real estate.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on April 08, 2019, 04:45:24 PM
Quote from: Theoak* on April 08, 2019, 03:37:02 PM
Bitcoin is still in its infancy stages, if you’re comparing .com bubble then take into consideration just value alone. .com was what 7-8 trillion market cap? Adjusted to inflation is 50trillion of today’s money
Btc as it stands right now is 93billion, imagine the implications on pricing of btc if it hits 1 trillion$ market cap given its finite supply of 21million?

Adoption is increasing on a daily basis, developments, infrastructures, coding etc. volatility is part of the process. Those that can buy now and hodl for next 5-10 years will be far better off than investing in any PM, stocks bonds or real estate.

and the pump has recommenced.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 08, 2019, 05:14:49 PM
Quote from: Theoak* on April 08, 2019, 05:55:33 AM
Tell Mr Anabolic Someone moved 6,855 BTC ($36M) in block 570,724. Probably ready to short the market.
Perhaps cost him under 10cents to move 36mil.
How much would it cost in fees to wire transfer 36mil? Even better, transport 36mil in gold?

Lol - he will likely reply something along the lines that BTC is not anonymous and that the tax man will comment take his share ...

But seriously, yes the inefficiencies of physical gold and the gauging of traditional currency transfer is extremely inefficient.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 08, 2019, 05:18:04 PM
Quote from: a_pupil on April 08, 2019, 04:45:24 PM
and the pump has recommenced.

It has indeed. And here’s the lesson from last time - get in early, then help push the pump, then learn to recognise when the dump is likely and take your profits.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 10, 2019, 06:34:51 PM
5300
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on April 11, 2019, 08:06:00 AM
Quote from: gib on April 10, 2019, 06:34:51 PM
5300

5400....
5300....
5200....
5100....
5000....

(https://media1.tenor.com/images/bee6a1a03fc6068588e88b61d421a956/tenor.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 22, 2019, 05:47:25 PM
5.4
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dave D on April 22, 2019, 05:52:01 PM
Quote from: gib on April 08, 2019, 05:18:04 PM
It has indeed. And here’s the lesson from last time - get in early, then help push the pump, then learn to recognise when the dump is likely and take your profits.

Solid advice coming from the guy who said btw would reach at least 100k but at the first sign of trouble you bailed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on April 22, 2019, 06:00:40 PM
Quote from: Dave D on April 22, 2019, 05:52:01 PM
Solid advice coming from the guy who said btw would reach at least 100k but at the first sign of trouble you bailed.

Do you believe it won’t reach 100k in the near future? I don’t believe gib gave a specific time frame of btc reaching 100k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dave D on April 22, 2019, 06:06:03 PM
Quote from: Theoak* on April 22, 2019, 06:00:40 PM
Do you believe it won’t reach 100k in the near future? I don’t believe gib gave a specific time frame of btc reaching 100k.

Lol.

So take the long play. Nice, but if that's the plan why sell and why buy so little? Put in 100k or more and let it grow.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on April 22, 2019, 07:51:54 PM
Quote from: Dave D on April 22, 2019, 06:06:03 PM
Lol.

So take the long play. Nice, but if that's the plan why sell and why buy so little? Put in 100k or more and let it grow.

Bitcoin is the only $95 billion market cap asset I have ever seen that has a realistic chance of a 20-50x increase in value by 2021-2024.

I think gib called 100k by end of 2020.

Having said that this a risky market and gib also expressed early on that, although small there is a chance of btc not working out. I can’t comment on gibs investment methods, seems to me like he is a seasoned investor with wealth behind him.
Base this on him selling nearly at the top and buying at the bottom, he was able to detract himself emotionally from the rally.

I’ve seen an 85% drop 3 times now in my time in btc and never once did I budge, it’s becoming increasingly harder for me not to cash out with each ATH. My belief in the fundamentals and future of btc is what keeps me from selling.

Myself like other Hodlers have incremental selling points based on what they hold. Time will tell whether I’m right or wrong. This thread serves as a valuable knowledge base for those out of the loop. Provides both pros and cons, like anything do your own due diligence and research as much as you can. Only then can you come to a consensus if crypto will be a savvy investment option in your portfolio.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dave D on April 22, 2019, 08:28:27 PM
Quote from: gib on September 01, 2017, 06:34:17 AM
Hope all u guys got some. You will be able to retire and just chill and train if they get to 100k per coin.

This was the first post in the thread.  I was the second to post, as I knew someone who got in EARLY on bitcoin and I was interested in what gib knew.


Quote from: Theoak* on April 22, 2019, 07:51:54 PM
Bitcoin is the only $95 billion market cap asset I have ever seen that has a realistic chance of a 20-50x increase in value by 2021-2024.

I think gib called 100k by end of 2020.

Having said that this a risky market and gib also expressed early on that, although small there is a chance of btc not working out. I can’t comment on gibs investment methods, seems to me like he is a seasoned investor with wealth behind him.
Base this on him selling nearly at the top and buying at the bottom, he was able to detract himself emotionally from the rally.

Well he just said he bought back in at $5k (and  previously sold at $17k). $5k isnt the bottom and $17k wasnt close to 100.


Quote
I’ve seen an 85% drop 3 times now in my time in btc and never once did I budge, it’s becoming increasingly harder for me not to cash out with each ATH. My belief in the fundamentals and future of btc is what keeps me from selling.

Myself like other Hodlers have incremental selling points based on what they hold. Time will tell whether I’m right or wrong.

Like I said play the long game. Just like anything else ride it out,I dont wish anyone I'll will, I hope this pans out for all those who invest. I didnt like how gib acted on this thread.

 
Quote
This thread serves as a valuable knowledge base for those out of the loop. Provides both pros and cons, like anything do your own due diligence and research as much as you can. Only then can you come to a consensus if crypto will be a savvy investment option in your portfolio.

This post may end up being more accurate.

Quote from: Notomorrow on April 08, 2019, 07:47:42 AM
Bitcoin about to hit 5,000!!!!! Thread started in 2017....shits barely above 5,000 2019. Every generation has a get rich quick scheme. Mine was in 1999 when I jumped in all high tech stocks...Qualcomm, etc...put in $10,000 in 99...no diversification..had $45,000 a year later..just out of college. Thought if I just hold on this run a little longer I'm putting $100,000 down on a condo in my 20's!!!! Had $10,000 again REAL quick. Young and dumb. But learned valuable lesson.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 22, 2019, 09:24:24 PM
...

Meanwhile ... 5.5 :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dave D on April 22, 2019, 09:35:06 PM

Quote from: gib on December 06, 2018, 09:00:21 PM
Sold all between 13,500 and 15,000. Missed selling a the absolute peak, but still made a very nice profit :)

Quote from: gib on April 22, 2019, 09:24:24 PM
...

Meanwhile ... 5.5 :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on April 22, 2019, 11:56:53 PM
Quote from: Dave D on April 22, 2019, 09:35:06 PM


 ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on April 26, 2019, 08:43:33 AM
5600
5500
5400
5300
5200
5100

(https://media1.tenor.com/images/bee6a1a03fc6068588e88b61d421a956/tenor.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on April 27, 2019, 05:32:43 PM
Quote from: Twaddle on April 26, 2019, 08:43:33 AM
5600
5500
5400
5300
5200
5100

(https://media1.tenor.com/images/bee6a1a03fc6068588e88b61d421a956/tenor.gif)

Your last couple of analysis seem to indicate higher lows, which is good :).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 03, 2019, 06:07:53 AM
5.7
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 03, 2019, 07:45:19 AM
Quote from: gib on May 03, 2019, 06:07:53 AM
5.7

If people start exchanging their tether for btc on Bitfinex expect that price to double.

5800 as we speak.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 06, 2019, 11:49:58 PM
5.8...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 07, 2019, 12:24:25 AM
Quote from: Theoak* on May 03, 2019, 07:45:19 AM
If people start exchanging their tether for btc on Bitfinex expect that price to double.

5800 as we speak.

5800  :o What a rally!

 ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 07, 2019, 02:44:20 AM
Quote from: Griffith on May 07, 2019, 12:24:25 AM
5800  :o What a rally!

 ;D

Yeah up over 300% since it’s low around 3 months ago. Not a bad return for anyone who bought then :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on May 07, 2019, 08:01:00 AM
Isn't other crypto like litecoin or ripple or whatever the fuck they are called supposed to do better?

A lot of people were saying that China was influencing the value.

I just heard this in various places, I don't know exactly what it means.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on May 07, 2019, 09:05:16 AM
Quote from: gib on May 07, 2019, 02:44:20 AM
Yeah up over 300% since it’s low around 3 months ago. Not a bad return for anyone who bought then :)

300%? ???

At it's lowest point in February, it was at 3360, and now it's at 5834. That's an increase of roughly 74% in 3 months, and annualized it's 900%.

Are you dividing 74 by 3 and then multiplying it by 12? ??? I'm not an expert in finances, but that sounds just wrong.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on May 07, 2019, 10:23:54 AM
Bitfinex, the biggest crypto fiat exchange, is about to get taken down and everyone arrested, they also own tether, which most crypto gets traded from.Fraud everywhere, the NYAG, DOJ, and CFTC are all working together on this, which tells me the fraud, laundering etc runs DEEP.It will destroy the market for the next few years.This current run is just exchanges selling tether for btc, soon they will dump all their btc for fiat.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 08, 2019, 04:29:01 PM
Quote from: Army of One on May 07, 2019, 10:23:54 AM
Bitfinex, the biggest crypto fiat exchange, is about to get taken down and everyone arrested, they also own tether, which most crypto gets traded from.Fraud everywhere, the NYAG, DOJ, and CFTC are all working together on this, which tells me the fraud, laundering etc runs DEEP.It will destroy the market for the next few years.This current run is just exchanges selling tether for btc, soon they will dump all their btc for fiat.

Meanwhile ... 5.9 :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: 2ND COMING on May 08, 2019, 04:31:50 PM
Quote from: Army of One on May 07, 2019, 10:23:54 AM
It will destroy the market for the next few years.

So basically get your wallets out  ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 08, 2019, 04:33:32 PM
Quote from: el numero uno on May 07, 2019, 09:05:16 AM
300%? ???

At it's lowest point in February, it was at 3360, and now it's at 5834. That's an increase of roughly 74% in 3 months, and annualized it's 900%.

Are you dividing 74 by 3 and then multiplying it by 12? ??? I'm not an expert in finances, but that sounds just wrong.

Your formula is correct. The point was making that from the last low to now, on a annualised basis, the return has been huge on a annualised percentage basis. Of course is that not many buy at the exact low - we will only see larger scale mainstream buying once taxi drivers etc again, believe that “Bitcoin is going up again”.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on May 08, 2019, 04:36:03 PM
Quote from: gib on May 08, 2019, 04:29:01 PM
Meanwhile ... 5.9 :)

What do you think everyone is selling their tether in to?There is 3 billion usd worth of tether out there, which will collapse any day.Bitcoin and eth were always going to rise as people cash out their tether for btc, after btc will drop when everyone sells their btc for fiat.Bitfinex is literally about to collapse,they have been found to have been laundering money for the colombian drug cartel. binance just got hacked, and withdrawels and deposits are suspended for the week.We are going to see mt.gox part 2.You do know the whole 2017 bull run was created by bitfinex printing tether like crazy then buying btc with it?The majority of daily trading is bots trading in and out of tether, actual real human volume is less than 5%.If tether goes down this whole market is finished for years.When tether goes down and 3 billion of liquidity disappears, thats all she wrote.Learn what actually is behind btc.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 08, 2019, 05:25:49 PM
Quote from: Army of One on May 08, 2019, 04:36:03 PM
What do you think everyone is selling their tether in to?There is 3 billion usd worth of tether out there, which will collapse any day.Bitcoin and eth were always going to rise as people cash out their tether for btc, after btc will drop when everyone sells their btc for fiat.Bitfinex is literally about to collapse,they have been found to have been laundering money for the colombian drug cartel. binance just got hacked, and withdrawels and deposits are suspended for the week.We are going to see mt.gox part 2.You do know the whole 2017 bull run was created by bitfinex printing tether like crazy then buying btc with it?The majority of daily trading is bots trading in and out of tether, actual real human volume is less than 5%.If tether goes down this whole market is finished for years.When tether goes down and 3 billion of liquidity disappears, thats all she wrote.Learn what actually is behind btc.

Not an expert, but it seems quite likely there were compliance / fraud issues with tether. I would not touch it.

As for exchanges collapsing, this does not bother me. In the long term, there will always be new exchanges and new ways to buy/sell. The lesson for everyone of course, is don't keep your money on an exchange.

Will people sell BTC for fait? Sure some will, but similarly some will actually sell fait and buy BTC (or gold) if they become concerned about the devaluation of their money (or the forceful appropriation of it, eg taxes).  And the market cap for BTC (and for gold) is of course an insignificant blip compared to fait in circulation. So, even just a minute move of global fait into BTC or gold could rocket up the prices of these assets.

I am not a fan or BTC or gold by the way, as I favor income producing assets which I can value. But I think BTC / gold are worth holding as a hedge for extreme scenarios. I think we will get to the point where most HNWs (and even a significant number of middle-income people) will hold a small amout of both "just in case".
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on May 08, 2019, 05:30:56 PM
Quote from: gib on May 08, 2019, 05:25:49 PM
Not an expert, but it seems quite likely there were compliance / fraud issues with tether. I would not touch it.

As for exchanges collapsing, this does not bother me. In the long term, there will always be new exchanges and new ways to buy/sell. The lesson for everyone of course, is don't keep your money on an exchange.

Will people sell BTC for fait? Sure some will, but similarly some will actually sell fait and buy BTC (or gold) if they become concerned about the devaluation of their money (or the forceful appropriation of it, eg taxes).  And the market cap for BTC (and for gold) is of course an insignificant blip compared to fait in circulation. So, even just a minute move of global fait into BTC or gold could rocket up the prices of these assets.

I am not a fan or BTC or gold by the way, as I favor income producing assets which I can value. But I think BTC / gold are worth holding as a hedge for extreme scenarios. I think we will get to the point where most HNWs (and even a significant number of middle-income people) will hold a small amout of both "just in case".

You dont seem to understand, it isnt about if you are bothered or not about exchanges collapsing.Bitfinex is the largest fiat exchange in the world, and they also own tether, if they both go down the whole of the economy holding up btc and crypto collapses like a house of cards.Ill repeat again, the ONLY reason for the 2017 bullrun was because of bitfinex printing tether and buying up btc with it.Again, 95% of cryto transactions are between tether and various cryptos.This is like you saying it doesnt matter if the usd and euro collapse, the world economy will be fine.Go do some reading please.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 08, 2019, 07:49:32 PM
... 6.0
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 08, 2019, 09:55:21 PM
Quote from: Army of One on May 08, 2019, 05:30:56 PM
You dont seem to understand, it isnt about if you are bothered or not about exchanges collapsing.Bitfinex is the largest fiat exchange in the world, and they also own tether, if they both go down the whole of the economy holding up btc and crypto collapses like a house of cards.Ill repeat again, the ONLY reason for the 2017 bullrun was because of bitfinex printing tether and buying up btc with it.Again, 95% of cryto transactions are between tether and various cryptos.This is like you saying it doesnt matter if the usd and euro collapse, the world economy will be fine.Go do some reading please.
“The balance of equities strongly favors Bitfinex and Tether, because a preliminary injunction would not protect anyone but would instead cause great disruption to Bitfinex and Tether — ultimately to the detriment of market participants on whose behalf the Attorney General purports to be acting.”

If the Attorney General is acting on behalf of market participants she should be careful with her actions.

https://www.coindesk.com/bitfinex-nyags-order-is-hurting-our-customers-and-the-crypto-market

https://cointelegraph.com/news/new-york-judge-criticizes-attorney-general-claims-against-bitfinex-tether
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on May 09, 2019, 05:59:59 AM
Quote from: gib on May 08, 2019, 07:49:32 PM
... 6.0

are you reminding everybody who paid more than 6.0 (which is nearly everyone) that they lost money?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 09, 2019, 06:07:03 AM
Quote from: ratherbebig on May 09, 2019, 05:59:59 AM
are you reminding everybody who paid more than 6.0 (which is nearly everyone) that they lost money?

 ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on May 09, 2019, 06:36:18 AM
Quote from: ratherbebig on May 09, 2019, 05:59:59 AM
are you reminding everybody who paid more than 6.0 (which is nearly everyone) that they lost money?

 :D

A guy I work with, bought in at 14K.   :o

Immediately after he purchased, it started tanking.  I always ask him, "How's your Bitcoin doing?"   ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 09, 2019, 07:09:02 AM
Quote from: Twaddle on May 09, 2019, 06:36:18 AM
:D

A guy I work with, bought in at 14K.   :o

Immediately after he purchased, it started tanking.  I always ask him, "How's your Bitcoin doing?"   ;D

Ouch!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on May 09, 2019, 07:10:40 AM
Quote from: Twaddle on May 09, 2019, 06:36:18 AM
:D

A guy I work with, bought in at 14K.   :o

Immediately after he purchased, it started tanking.  I always ask him, "How's your Bitcoin doing?"   ;D

lmao. poor guy got suckered by shills like gib telling him to hodl to the moon.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: mac7000 on May 09, 2019, 03:48:11 PM
$6200
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on May 09, 2019, 03:50:56 PM
If someone had 10K to invest here in the next week, where would each of you tell them to put it?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on May 09, 2019, 04:02:08 PM
Quote from: LurkerNoMore on May 09, 2019, 03:50:56 PM
If someone had 10K to invest here in the next week, where would each of you tell them to put it?

Caliber Fitness Solutions The Leader in Human Evolution since 2001.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on May 09, 2019, 04:28:02 PM
Quote from: LurkerNoMore on May 09, 2019, 03:50:56 PM
If someone had 10K to invest here in the next week, where would each of you tell them to put it?

Use the 10k as a down payment on a parcel of land.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on May 09, 2019, 04:34:57 PM
That was sort of a serious question...  while I am sure there are other investments that are better, I was looking for comparing in the crypto world.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 09, 2019, 04:46:15 PM
Quote from: LurkerNoMore on May 09, 2019, 04:34:57 PM
That was sort of a serious question...  while I am sure there are other investments that are better, I was looking for comparing in the crypto world.

Me personally

5k ltc ( due to halvening)
5k btc

Btc dominance at 58%
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on May 09, 2019, 05:30:09 PM
Quote from: Theoak* on May 09, 2019, 04:46:15 PM
Me personally

5k ltc ( due to halvening)
5k btc

Btc dominance at 58%

While I know nothing about the field, I do see things like ripple, eth, etc..   you wouldn't suggest those?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 09, 2019, 05:43:57 PM
Quote from: LurkerNoMore on May 09, 2019, 05:30:09 PM
While I know nothing about the field, I do see things like ripple, eth, etc..   you wouldn't suggest those?

I believe there will be one last pump for altcoins in the next bull run. Ive put a small percentage into those coins purely for profit. I missed the opportunity to buy with eth at 5$ as I was only interested in btc. These coins serve a purpose but for how long is anyone’s guess.

If bull run follows a historical pattern then any one of the top 5-10 coins are going to be profitable.
Btc is my number 1 choice for long term 5-10 years.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on May 09, 2019, 05:53:29 PM
Quote from: Theoak* on May 09, 2019, 05:43:57 PM
I believe there will be one last pump for altcoins in the next bull run. Ive put a small percentage into those coins purely for profit. I missed the opportunity to buy with eth at 5$ as I was only interested in btc. These coins serve a purpose but for how long is anyone’s guess.

If bull run follows a historical pattern then any one of the top 5-10 coins are going to be profitable.
Btc is my number 1 choice for long term 5-10 years.

At $5K, one could only get 1 Btc

What determines the bull run?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 09, 2019, 06:10:08 PM
Quote from: LurkerNoMore on May 09, 2019, 05:53:29 PM
At $5K, one could only get 1 Btc

What determines the bull run?

Adoption,

First comes smart money, then institutional money and then everyone else follows. Institutional money still hasn’t flooded the market. It’s not a matter of if but when.

Current price of btc is 6150, you couldn’t even get one. I still think it’s a good investment to hold atleast 1btc.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tres_taco_combo on May 09, 2019, 07:19:41 PM
ripple XRP aint doing shit
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 09, 2019, 07:23:39 PM
Quote from: Theoak* on May 09, 2019, 06:10:08 PM
Adoption,

First comes smart money, then institutional money and then everyone else follows. Institutional money still hasn’t flooded the market. It’s not a matter of if but when.

Current price of btc is 6150, you couldn’t even get one. I still think it’s a good investment to hold atleast 1btc.

Agree. This is certainly a possible scenario. (I rebought at 5k). If we get to 10k by year end expect that milestone raise significant interest and then mainstream comes back in.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: JAGO on May 09, 2019, 07:24:50 PM
I buy my test online with bitcoin.

J
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 09, 2019, 08:17:21 PM
6250...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 09, 2019, 08:19:01 PM
Quote from: gib on May 09, 2019, 07:23:39 PM
Agree. This is certainly a possible scenario. (I rebought at 5k). If we get to 10k by year end expect that milestone raise significant interest and then mainstream comes back in.

Fidelity announced institutional support for Btc buyers in a few weeks and the market is selling their alts to ride that bull market.

Institutional investors will only be buying Bitcoin. This bull market will be different than past bull markets
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 09, 2019, 08:24:18 PM
6.3
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on May 09, 2019, 08:54:27 PM
Quote from: Theoak* on May 09, 2019, 08:19:01 PM
Fidelity announced institutional support for Btc buyers in a few weeks and the market is selling their alts to ride that bull market.

Institutional investors will only be buying Bitcoin. This bull market will be different than past bull markets


You mean for bigger gains?  Or not as explosive as the last time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 10, 2019, 12:04:27 AM
looks like bitcoin has reached a technical bottom. I think it goes up from here
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 10, 2019, 01:13:01 AM
I wish mr A was back here.

Oh and 6350 ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 10, 2019, 01:30:44 AM
Quote from: LurkerNoMore on May 09, 2019, 08:54:27 PM
You mean for bigger gains?  Or not as explosive as the last time.

Bigger gains
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on May 10, 2019, 08:27:05 AM
Quote from: Theoak* on May 10, 2019, 01:30:44 AM
Bigger gains

Would that also apply to Eth and litecoins (or whatever they are called) as well?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Wiggs on May 10, 2019, 10:35:20 AM
Haters are gonna hate. HODL!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 10, 2019, 01:55:44 PM
Quote from: LurkerNoMore on May 10, 2019, 08:27:05 AM
Would that also apply to Eth and litecoins (or whatever they are called) as well?
I think so. Ethereum actually has a lot more utility than Bitcoin.

Everyone has been waiting for the decoupling of alt coins from Bitcoin. This has not happened yet. They appear to rise and fall with Bitcoin. In 2018 they fell more than Bitcoin but are also starting to recover. Bitcoin's high was +/- $19,500 and sitting at +/- $6,400 or +/- 33% of its high.

Meanwhile Ethereum's high was +/- $1,400 and is now at $174 or only +/- 12.5% of it's high! And it was worse a few months ago. So hopefully it will jump back. Fuck the assholes that sold out!

https://bitcoinist.com/new-bitcoin-etf-filing-with-the-sec-throws-ethereum-into-the-mix/

"Whilst the world waited for the SEC’s postponed decisions on two outstanding Bitcoin-ETF applications, somebody filed a new one. The United States Commodity Index Fund Trust filed the application yesterday for a fund based on a portfolio of both bitcoin and ether."
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 10, 2019, 05:24:24 PM
I see the claimed “utility” of almost all crypto as marketing fluff.

If you are in it for the money, you need to identify which coin will collectively be identified as “the one” in terms of being a “rare” and limited in supply store of value.

If I had to guess, given that the number of types of crypto that can be made is infinite, I think there is a reasonable chance that coin will be the original - Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 10, 2019, 05:25:53 PM
Oh. And if you are now buying BTC please note that you the have the responsibility to join the chorus in hyping it back up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 10, 2019, 05:27:03 PM
Oh. And 6400...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on May 10, 2019, 07:11:13 PM
Quote from: obsidian on May 10, 2019, 01:55:44 PM
I think so. Ethereum actually has a lot more utility than Bitcoin.

Everyone has been waiting for the decoupling of alt coins from Bitcoin. This has not happened yet. They appear to rise and fall with Bitcoin. In 2018 they fell more than Bitcoin but are also starting to recover. Bitcoin's high was +/- $19,500 and sitting at +/- $6,400 or +/- 33% of its high.

Meanwhile Ethereum's high was +/- $1,400 and is now at $174 or only +/- 12.5% of it's high! And it was worse a few months ago. So hopefully it will jump back. Fuck the assholes that sold out!

https://bitcoinist.com/new-bitcoin-etf-filing-with-the-sec-throws-ethereum-into-the-mix/

"Whilst the world waited for the SEC’s postponed decisions on two outstanding Bitcoin-ETF applications, somebody filed a new one. The United States Commodity Index Fund Trust filed the application yesterday for a fund based on a portfolio of both bitcoin and ether."

Is Litecoin a decent investment then?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 10, 2019, 08:04:39 PM
Quote from: LurkerNoMore on May 10, 2019, 07:11:13 PM
Is Litecoin a decent investment then?

See my above comment. Long term we need to collectively agree on a single coin to hype. In my view that will be Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 10, 2019, 08:05:44 PM
Oh ... and 6.5.

Where are you MrA???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on May 10, 2019, 10:09:46 PM
Quote from: gib on May 10, 2019, 08:05:44 PM
Oh ... and 6.5.

Where are you MrA???

The dump on this is going to be insane.Bitfinex court hearing Monday, exchanges are dumping their tether for btc like crazy.This pump is solely everyone jumping out of tether for dear life.Great if you bought in, but dont be the sucker holding the bags.Sell when everyone is euphoric, buy when everyone is depressed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 10, 2019, 10:14:38 PM
Quote from: Army of One on May 10, 2019, 10:09:46 PM
The dump on this is going to be insane.Bitfinex court hearing Monday, exchanges are dumping their tether for btc like crazy.This pump is solely everyone jumping out of tether for dear life.Great if you bought in, but dont be the sucker holding the bags.Sell when everyone is euphoric, buy when everyone is depressed.
Time will tell what happens. So many people have been wrong I will not make any predictions lol! Nobody knows.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on May 10, 2019, 10:21:26 PM
Quote from: obsidian on May 10, 2019, 10:14:38 PM
Time will tell what happens. So many people have been wrong I will not make any predictions lol! Nobody knows.

Well what makes the most sense, that this pumps out of nowhere? or people are jumping out of the stablecoin that is about to collapse that people have over 2.5 billion dollars in?I love crypto in the sense its easy money, but its one big scam, the sooner I saw it for what it was the easier it was for me to see the trends and not get emotional.Its the most manipulated market around as there are no regulations.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 10, 2019, 10:34:08 PM
Quote from: gib on May 10, 2019, 05:24:24 PM
I see the claimed “utility” of almost all crypto as marketing fluff.

If you are in it for the money, you need to identify which coin will collectively be identified as “the one” in terms of being a “rare” and limited in supply store of value.

If I had to guess, given that the number of types of crypto that can be made is infinite, I think there is a reasonable chance that coin will be the original - Bitcoin.
Look at it this way. The buy in for 1 BTC right now is $6400. We know the high of BTC was $19,500 so it could feasibly go to that price again. So you could see a 300% increase in value.

The buy in for 1 ETH is $172. We know the high was close to $1400. So it could feasibly increase by 800%. There is more room for dramatic increases with the lower prices alt coins.

Ethereum also has a finite supply. Sure BTC might always be worth more, but at this point the buy in price is very high. You had to get in with Bitcoin years ago when it was worth a few dollars.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on May 10, 2019, 10:36:49 PM
Quote from: obsidian on May 10, 2019, 10:34:08 PM
Look at it this way. The buy in for 1 BTC right now is $6400. We know the high of BTC was $19,500 so it could feasibly go to that price again. So you could see a 300% increase in value.

The buy in for 1 ETH is $172. We know the high was close to $1400. So it could feasibly increase by 800%. There is more room for dramatic increases with the lower prices alt coins.

Ethereum also has a finite supply. Sure BTC might always be worth more, but at this point the buy in price is very high. You had to get in with Bitcoin years ago when it was worth a few dollars.

I dont touch either.There are still 5-10x every month in alt coins, you just have to be on the ball and know where to look.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 10, 2019, 10:54:33 PM
Quote from: Army of One on May 10, 2019, 10:21:26 PM
Well what makes the most sense, that this pumps out of nowhere? or people are jumping out of the stablecoin that is about to collapse that people have over 2.5 billion dollars in?I love crypto in the sense its easy money, but its one big scam, the sooner I saw it for what it was the easier it was for me to see the trends and not get emotional.Its the most manipulated market around as there are no regulations.
How is the stock market any different really. It is all about perceived value, fear of missing out etc. Many stock traders jumped out of windows in the past. There is risk involved with any of these markets.

You could argue the entire economy is a big scam.

I personally think it is pretty cool that I can send to or receive from someone Ethereum, Bitcoin etc. by just typing their wallet address into an app. Don't have to go to the bank. It is anonymous. The transaction is there for everyone to see. When fiat currencies lose their value as they are destined to they will become less attractive.

I can see more businesses starting to accept cryptos in the long run. Since most cryptos have a finte supply the value would have to go up if more people start using them. You would need fractions of a coin to buy relatively expensive items. How much did you pay for that gun? 0.1 ETH? Damn dude you overpaid. I snagged one for .075 ETH. Lol!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 11, 2019, 12:04:43 AM
Quote from: Army of One on May 10, 2019, 10:09:46 PM
The dump on this is going to be insane.Bitfinex court hearing Monday, exchanges are dumping their tether for btc like crazy.This pump is solely everyone jumping out of tether for dear life.Great if you bought in, but dont be the sucker holding the bags.Sell when everyone is euphoric, buy when everyone is depressed.

Another way of looking at it is that the crypto market is “maturing” and people are gravitating towards one currency, namely Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on May 11, 2019, 12:06:22 AM
Quote from: gib on May 11, 2019, 12:04:43 AM
Another way of looking at it is that the crypto market is “maturing” and people are gravitating towards one currency, namely Bitcoin.

You are running on emotion and hype.Im running on the evidence.The stats and evidence never lies.

(http://is2.4chan.org/biz/1557557881663.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 11, 2019, 12:10:13 AM
Quote from: obsidian on May 10, 2019, 10:34:08 PM
Look at it this way. The buy in for 1 BTC right now is $6400. We know the high of BTC was $19,500 so it could feasibly go to that price again. So you could see a 300% increase in value.

The buy in for 1 ETH is $172. We know the high was close to $1400. So it could feasibly increase by 800%. There is more room for dramatic increases with the lower prices alt coins.


With respect I have to point out this is nonsense. If nominal value is your driver for investing just pretend you are buying santoshi’s (which are 1/00000001 of a bitcoin). Is the same kind of logic people who buy “penny stocks” over blue chips “because they are cheap”.

Would you rather buy an ”expensive kilo of gold” or a “cheap kilo of lead”...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 11, 2019, 12:13:05 AM
I would add that the “market dominance” of btc vs all other crypto has been rising significantly of late. This is an extremely important metric if you believe in the “Bitcoin will be King” scenario.

Oh how I wish Mr A was back here.

Oh and 6700...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on May 11, 2019, 12:13:57 AM
Quote from: gib on May 11, 2019, 12:10:13 AM
With respect I have to point out this is nonsense. If nominal value is your driver for investing just pretend you are buying santoshi’s (which are 1/00000001 of a bitcoin). Is the same kind of logic people who buy “penny stocks” over blue chips “because they are cheap”.

Would you rather buy an ”expensive kilo of gold” or a “cheap kilo of lead”...

He is right, IF you can pick the right alt coins you can make magnitudes more than btc in a bull market, or even sideways.I know someone who had 300 dollars of a coin in feb 2017, by Jan 2018 he’d bought and sold his way to 6 million dollars only using that initial 300 dollars worth of crypto.The majority are unable to have the knowledge or emotional control to do this though, the more money they get, the less clearly they are able to think.Its much safer in bluechip cryptos like btc and eth for most.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on May 11, 2019, 12:31:14 AM
Quote from: gib on May 11, 2019, 12:04:43 AM
Another way of looking at it is that the crypto market is “maturing” and people are gravitating towards one currency, namely Bitcoin.

Here, if you need more evidence, 250 million dollars has left bitfinex in the last 24 hours lol.This is a massive exit in to btc, next wil be a massive exit from btc in to fiat.

(http://is2.4chan.org/biz/1557554725689.png)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 11, 2019, 12:36:29 AM
Quote from: Army of One on May 11, 2019, 12:13:57 AM
He is right, IF you can pick the right alt coins you can make magnitudes more than btc in a bull market, or even sideways.I know someone who had 300 dollars of a coin in feb 2017, by Jan 2018 he’d bought and sold his way to 6 million dollars only using that initial 300 dollars worth of crypto.The majority are unable to have the knowledge or emotional control to do this though, the more money they get, the less clearly they are able to think.Its much safer in bluechip cryptos like btc and eth for most.

Well I guess that’s true. But it’s dependent on a pretty big “if”. :)

I’m conservative enough as it is. I have made money consistently all my life as a “value” investor, in stocks and property where value can be calculated. Bets on crypto amount almost entirely to a speculative bet. So if I am going to bet at all it’s going to be on the likely winner (albeit at lower odds) than an outsider which could pay off big time if it comes in. This same phenomenon exists in horse race gambling by the way. Statistically the best bet (ie the one you will lose least on over time, as long term the house wins) is on the favourite. Yet people continuously to place bets on outsiders in the hope their horse “comes in” as they are more excited by the prospect of a “big payoff”).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 11, 2019, 01:07:10 AM
Quote from: gib on May 11, 2019, 12:10:13 AM
With respect I have to point out this is nonsense. If nominal value is your driver for investing just pretend you are buying santoshi’s (which are 1/00000001 of a bitcoin). Is the same kind of logic people who buy “penny stocks” over blue chips “because they are cheap”.

Would you rather buy an ”expensive kilo of gold” or a “cheap kilo of lead”...

The price difference between gold and lead is bigger by magnitudes compared to Bitcoin vs Ethereum. Ethereum had a bigger market cap than Bitcoin today at its height. Peak ratio was 14 ETH for 1 BTC.

I bought silver coins, not gold coins. And gold is now worth less than it was when I bought silver many years ago.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 11, 2019, 01:45:20 AM
Quote from: obsidian on May 11, 2019, 01:07:10 AM
The price difference between gold and lead is bigger by magnitudes compared to Bitcoin vs Ethereum. Ethereum had a bigger market cap than Bitcoin today at its height. Peak ratio was 14 ETH for 1 BTC.

I bought silver coins, not gold coins. And gold is now worth less than it was when I bought silver many years ago.

Ok cool. Go buy some lead then. I’ll stick to gold ... :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on May 11, 2019, 02:28:26 AM
Quote from: obsidian on May 11, 2019, 01:07:10 AM
The price difference between gold and lead is bigger by magnitudes compared to Bitcoin vs Ethereum. Ethereum had a bigger market cap than Bitcoin today at its height. Peak ratio was 14 ETH for 1 BTC.

I bought silver coins, not gold coins. And gold is now worth less than it was when I bought silver many years ago.

Crypto marketcaps are meaningless though really.Most of the high milions and multi billion coins got their marketcaps for just existing during the 2017 bullrun, had they released in 2018 they would have been magnitudes lower. it really is a strange market in general.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 11, 2019, 03:32:28 AM
TO ALL NEWCOMERS TO BITCOIN I URGE YOU TO READ THIS THREAD IN ITS ENTIRETY.

I started it as my effort to capture a discussion that will be of value many years to come as historians look back on the evolution of bitcoin. And also to genuinely educate readers.

Remember - Everyone’s Money can Buy into the Emerging Revolution of Tomorrow.

Oh - and 6800 ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on May 11, 2019, 04:16:55 AM
Quote from: gib on May 11, 2019, 03:32:28 AM
TO ALL NEWCOMERS TO BITCOIN I URGE YOU TO READ THIS THREAD IN ITS ENTIRETY.

I started it as my effort to capture a discussion that will be of value many years to come as historians look back on the evolution of bitcoin. And also to genuinely educate readers.

Remember - Everyone’s Money can Buy into the Emerging Revolution of Tomorrow.

Oh - and 6800 ...

You realize that no one is falling for your lies.  ??? ??? ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 11, 2019, 04:46:56 AM
As bitcoin continues to grow, as it likely will, the unit of account aspect will become more and more stable too... But there may likely be another 10 years or more of bitcoin growth, including likely 1000x or more price increasing in bitcoin that will also bring more and more stability in its price... in other words, the instability in bitcoin in the next 10 years or more... and perhaps even more than 20 years, is going to likely be in the upwards direction, merely based upon ongoing and increasing adoption... that is seeming nearly inevitable.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: oldschoolfan on May 11, 2019, 04:50:34 AM
bitcoin was invented for criminals to hide money, you cant use it for anything i have bought and sold bitcoin. it is a pain in the ass, and most people would have a very hard time figuring out how to send it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 11, 2019, 04:51:36 AM
Quote from: Army of One on May 11, 2019, 12:31:14 AM
Here, if you need more evidence, 250 million dollars has left bitfinex in the last 24 hours lol.This is a massive exit in to btc, next wil be a massive exit from btc in to fiat.

(http://is2.4chan.org/biz/1557554725689.png)

We gotta take a lot of this assessment of Bitfinex's situation - and the supposed dire Bitfinex/Tether circumstances with a considerably Largr grain of salt.  Of course, some folks will be leaving Bitfinex, and also some folks will be removing their coins from exchanges too, but those changes in liquidity can also provide real decent BTC pumpening potential because there are then fewer coins on exchanges, causing BTC's price to go up rather than an anticipation that BTC's price should be going Down.

How far, and how long the pumpening effect can last continues as a significant unknown  likely even to BIGGER players, and surely at some point we are going to experience the 20-30% plus BTC price correction that a lot of us long-term BTC monitors anticipate - yet, such 30% plus BTC price correction would not necessarily justify either fence sitting now, nor shorting nor selling a decent quantity of your BTC stash such 30% BTC price correction might end up taking place ONLY after this particular BTC pumpening has played itself out - perhaps now, and perhaps also NOT until BTC gets into a $10k-ish price arena  
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 11, 2019, 04:56:36 AM
Quote from: LurkerNoMore on May 10, 2019, 07:11:13 PM
Is Litecoin a decent investment then?

Well ltc is up over 15% since I advised what I would do with 10k
5k ltc
5k btc
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 11, 2019, 05:03:32 AM
Quote from: gib on May 11, 2019, 01:45:20 AM
Ok cool. Go buy some lead then. I’ll stick to gold ... :)
Lol an ounce of Gold depreciated in value the past few years. Only lead I buy is in bullets.

Ethereum and Bitcoin are both up over 200% since December 2018. If you bought $10,000 of either then you would have seen the same increase in value.

Let's tag team this shit. You hype Bitcoin and I'll hype Ethereum and all the other Alts.  ;D

https://www.newsbtc.com/2019/05/07/will-altcoins-continue-to-decouple-from-bitcoin-as-short-term-bullish-trend-continues/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 11, 2019, 05:05:05 AM
Quote from: obsidian on May 11, 2019, 01:07:10 AM
The price difference between gold and lead is bigger by magnitudes compared to Bitcoin vs Ethereum. Ethereum had a bigger market cap than Bitcoin today at its height. Peak ratio was 14 ETH for 1 BTC.

I bought silver coins, not gold coins. And gold is now worth less than it was when I bought silver many years ago.

Of course, a lot of people invest in physical metals and they believe that there is some value in that based on historical circumstances and tangibility.  I don't assess much value in that, including my perception of either gold's future value propositions or unlikely Armageddon situations that might cause gold to become more valuable than physical metals.  Again, I don't liv my life based on events that have very low probabilities of happening.  If an event has less than 1% chance of happening, in my view, then I should be putting less than 1% of effort into preparing for that direction.

 I had considered investing in gold for Awhile and when bitcoin came into my radar in late 2013, I considered bitcoin as a very good substitute for my having had considered investing in gold.  Accordingly, bitcoin is way more portable, divisible, verifiable, and personally empowering in terms of ability to manage.  I see no reason to hedge with gold, unless a person were to just appreciate collecting things, and I would like to be more portable and flexible, personally speaking.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 11, 2019, 05:12:28 AM
Quote from: SF1900 on May 11, 2019, 04:16:55 AM
You realize that no one is falling for your lies.  ??? ??? ???
He is not promising anything. It is a gamble like anything else. Do you have balls or not? Mark Cuban gave some useful info about cryptos back in 2017.

Billionaire Mark Cuban seems to be among that group. As he told Vanity Fair, it's OK to invest up to 10 percent of your savings in high risk investments, including bitcoin and ethereum. You've just "got to pretend you've already lost your money," he said, adding that it's like throwing "the Hail Mary."

https://www.cnbc.com/2017/11/22/mark-cuban-only-invest-in-bitcoin-if-youre-prepared-to-lose-your-money.html

Basically you should not give a fuck about any money you put into cryptos. Assume it is already lost and you will make zero profits and only have a 100% loss. With that mindset it prepares you for the worse. Anything beyond that is then a plus.

This is my mindset. Could I lose money with cryptos. Fuck yeah. Could I lose money in a bar drinking expensive alcoholic drinks? You bet. I'm not taking my money to the grave either. Might as well have some fun and take chances here and there. But it has to be money you can afford to lose. Don't be that guy that mortgages his house on cryptos!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 11, 2019, 05:18:57 AM
Just a week ago Bitcoin's market cap crossed $100 billion. Now it is at $118 billion. In 7 days! It has of course gone up more dramatically in the past.

Ethereum is looking to cross the $20 billion barrier soon.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 11, 2019, 05:23:33 AM
Quote from: SF1900 on May 11, 2019, 04:16:55 AM
You realize that no one is falling for your lies.  ??? ??? ???

In essence, he is not lying , but just to describe what seems to be currently taking place and to suggest that based on current bitcoin dynamics, there is likely going to continue to be a gravitation of value into bitcoin which has a lot of other effects that are likely going to be societal wide. 

No one is going to really know the details of how the future is going to evolve, but each person may well be able to contemplate various changing dynamics that are partly caused by changed tools and the power of such tools.. referring to bitcoin here.    Once you make various assessments, you assign probabilities to future events and attempt to live your life based on situations that seem more probable to come true.. and you are not locked into your initial assessment, because you tweak along the way and hope that you were kind of in the ballpark in your earlier assessments rather than in complete fantasy land.. 

The closer you are the more likely you will prosper, unless you just get lucky,. but I prefer to live a life of good odds and not too much drama rather than making bets on things that are not likely to happen.  To each their own.  We are not all the same in our views, willingness to take risk, financial means, talents and timeline considerations.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 11, 2019, 06:39:34 AM
Quote from: Theoak* on May 11, 2019, 04:46:56 AM
As bitcoin continues to grow, as it likely will, the unit of account aspect will become more and more stable too... But there may likely be another 10 years or more of bitcoin growth, including likely 1000x or more price increasing in bitcoin that will also bring more and more stability in its price... in other words, the instability in bitcoin in the next 10 years or more... and perhaps even more than 20 years, is going to likely be in the upwards direction, merely based upon ongoing and increasing adoption... that is seeming nearly inevitable.

Yep it’s certainly one possible scenario.

As MrA always used to say... blip coins first comes 10,000, then 100,000 the comes 1,000,000!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on May 11, 2019, 07:16:23 AM
Quote from: Army of One on May 11, 2019, 12:06:22 AM
You are running on emotion and hype.Im running on the evidence.The stats and evidence never lies.

(http://is2.4chan.org/biz/1557557881663.jpg)

I looked at that site you have screen capped from.  I didn't know that many cryptos existed.  (as I said, I have not studied this field at all).

I see tether is about $1 now.  You (or anyone else) don't think that tether is worth investing in?

I see Litecoin has the biggest change with 13.45% change.  This isn't sound to put money in?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on May 11, 2019, 07:18:43 AM
Quote from: Army of One on May 11, 2019, 12:31:14 AM
Here, if you need more evidence, 250 million dollars has left bitfinex in the last 24 hours lol.This is a massive exit in to btc, next wil be a massive exit from btc in to fiat.

(http://is2.4chan.org/biz/1557554725689.png)

Can you explain this a little more in detail and simplified for dummies like me.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on May 11, 2019, 07:37:21 AM
I see some mentions of "decoupling" bitcoin from other alts.  I have no idea what this means, but when it happens will the other crypto coins soar or crash?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on May 11, 2019, 07:47:55 AM
Quote from: gib on May 11, 2019, 03:32:28 AM
TO ALL NEWCOMERS TO BITCOIN I URGE YOU TO READ THIS THREAD IN ITS ENTIRETY.

I started it as my effort to capture a discussion that will be of value many years to come as historians look back on the evolution of bitcoin. And also to genuinely educate readers.

Remember - Everyone’s Money can Buy into the Emerging Revolution of Tomorrow.

Oh - and 6800 ...

You are acting like you discovered this lol.”capture a discussion that will be of value as historians look back..” oh lord, I can link you to the actual discussions historians will be looking back on, and they happened 8-10 years ago.Like the following, the first bitcointalk post by satoshi nakamoto in 2009, the creator of btc, whose identity still isnt confirmed.

https://bitcointalk.org/index.php?topic=5.msg28#msg28

They are not going to come to a bodybuilding forum full of people who are 8 years late to all the truly life changing gains with some guy posting a thread at the end of the 2017 bull run, who clearly missed all the important proceeding years.You are not “in the know” to something new, you are late late to the party.Even Goodrum was talking about this 5 years ago.

Ive been in crypto for 6, knew about btc in 2010, considered investing in 2011, bought in 2013.Again there are far bigger gains in coins you have never heard of.lamda just went 50x, quant went 40x,chx 24x etc.Maybe you can get a 10x btc, but youll get it much faster elsewhere.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on May 11, 2019, 07:59:28 AM
Quote from: LurkerNoMore on May 11, 2019, 07:16:23 AM
I looked at that site you have screen capped from.  I didn't know that many cryptos existed.  (as I said, I have not studied this field at all).

I see tether is about $1 now.  You (or anyone else) don't think that tether is worth investing in?

I see Litecoin has the biggest change with 13.45% change.  This isn't sound to put money in?

Tether is a so called Stablecoin, the idea of it is it always stays at a dollar or within a % or 2 within it, it basically allows people not to have to cash out to fiat, aka usd or euro etc,while also not risking leaving themselves in volatile crypto and losing money.So say you made 30k in btc by december 2017, anyone who sold btc for 30k usd tether back then and didnt sell the tether back to btc, still has 30k usd value in tether, meaning they could buyback 30k usd value in btc anytime they want.

The whole problem with tether is that every tether was supposed to be backed in a bank account by 1 real US dollar, but they have refused to do audits.Recently an investigation has discovered there is 800 million usd of backing is missing, meaning its only 75% backed at the most, this essentially amounts to fraud as they are now printing money out of thin air, aka bitfinex is printing tether backed by nothing and buying btc with it.This is why they will be shut down.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on May 11, 2019, 08:05:22 AM
Quote from: LurkerNoMore on May 11, 2019, 07:37:21 AM
I see some mentions of "decoupling" bitcoin from other alts.  I have no idea what this means, but when it happens will the other crypto coins soar or crash?

Decoupling means the whole market not being reliant on btc crashing or mooning.Mostly every crypto is priced in satoshis, satoshi being the creator of btc, so satoshi being a unit of btc.So a new coin could be awesome at whatever it does, but if btc was to suddenly lose half its value, that coin would lose minimum half its value as well.The only time alt coins do well is when btc goes sideways, anytime btc goes up or down then alt coins are in a world of pain.Most of the market is traded by bots, aka ai on computers, when btc starts going up, the bot sells the alt coin for btc to ride the gains, when btc starts going down, the bot sells the alt coin in to tether to avoid losing usd value.When btc goes sideways, well nothing happens, the market gets bored, and alt coins start pumping.That is why exchanges now are adding more pairings to alt coins, pairings in eth, ltc, usd, euro etc, to try and gradually move alts away from just moving with btc, whose marketcap makes up 58% of the total cryptocurrency marketcap.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on May 11, 2019, 08:16:40 AM
Quote from: LurkerNoMore on May 11, 2019, 07:18:43 AM
Can you explain this a little more in detail and simplified for dummies like me.

The image shows the amount of bitcoin going in to exchange wallets, and the amount going out of exchange wallets.Every cryptocurrency is stored in a crypto wallet, which is essentially an online account ,but really its on a blockchain, that is protected by seedwords or a passphrase. Every cryptocurrency transaction is viewable on an immutable ledger, you can literally view all the transactions of btc for example, and even who the most wealthy holders are, see here.

https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

Btc past transactions cant be altered unless there is a 51% attack by the miners.Which is unlikely .Exchanges are what allow people to buy and sell crypto, they barter the trade and take a small % for bartering the trade.Exchange wallets for the big exchanges tend to hold hundreds of millions worth of crypto from people who moved their crypto in there to trade,and then some of the exchange profits etc mixed in with that. for example, in the last 24 hours 46 million worth of btc came in to the bitfinex wallet, and 291 million went out!a 242% change in 24 hours.Meaning people are running for the hills.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on May 11, 2019, 08:46:29 AM
Quote from: Army of One on May 11, 2019, 07:59:28 AM
Tether is a so called Stablecoin, the idea of it is it always stays at a dollar or within a % or 2 within it, it basically allows people not to have to cash out to fiat, aka usd or euro etc,while also not risking leaving themselves in volatile crypto and losing money.So say you made 30k in btc by december 2017, anyone who sold btc for 30k usd tether back then and didnt sell the tether back to btc, still has 30k usd value in tether, meaning they could buyback 30k usd value in btc anytime they want.

The whole problem with tether is that every tether was supposed to be backed in a bank account by 1 real US dollar, but they have refused to do audits.Recently an investigation has discovered there is 800 million usd of backing is missing, meaning its only 75% backed at the most, this essentially amounts to fraud as they are now printing money out of thin air, aka bitfinex is printing tether backed by nothing and buying btc with it.This is why they will be shut down.

Ok, so tether is NOT a great choice to buy into and invest.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on May 11, 2019, 08:49:39 AM
Quote from: Army of One on May 11, 2019, 08:16:40 AM
The image shows the amount of bitcoin going in to exchange wallets, and the amount going out of exchange wallets.Every cryptocurrency is stored in a crypto wallet, which is essentially an online account ,but really its on a blockchain, that is protected by a seedword or passphrase. Every cryptocurrency transaction is viewable on an immutable ledger, you can literally view all the transactions of btc for example, and even who the most wealthy holders are, see here.

https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

Btc past transactions cant be altered unless there is a 51% attack by the miners.Which is unlikely .Exchanges are what allow people to buy and sell crypto, they barter the trade and take a small % for bartering the trade.Exchange wallets for the big exchanges tend to hold hundreds of millions worth of crypto from people who moved their crypto in there to trade,and then some of the exchange profits etc mixed in with that. for example, in the last 24 hours 46 million worth of btc came in to the bitfinex wallet, and 291 million went out!a 242% change in 24 hours.Meaning people are running for the hills.

Thank you for taking time to type all this out.  I am beginning to get an understanding of this now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on May 11, 2019, 08:52:13 AM
Quote from: LurkerNoMore on May 11, 2019, 08:46:29 AM
Ok, so tether is NOT a great choice to buy into and invest.

About litecoin being up so should you buy it.This is the crux of the problem of trading, people want to buy when something has already gone up, when really you should be buying when something has dumped and is down.This is why most traders/buyers lose, they get emotional and want to jump on the hype, and when something has dumped in price they are not interested.Buy when everyone is depressed, sell when everyone is euphoric.Its really that easy.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 11, 2019, 09:49:10 AM
Morning all!!

6900 ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dave D on May 11, 2019, 09:56:28 AM
Quote from: gib on May 11, 2019, 09:49:10 AM
Morning all!!

6900 ...

You bought 2 at 5300? At what point will you sell?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on May 11, 2019, 10:05:25 AM
Quote from: gib on May 11, 2019, 09:49:10 AM
Morning all!!

6900 ...

Again, nice as this is, its tiny gains compared to what you could be getting.Making a thread and bragging about 20% gains on btc and how you are making threads that will go down in history is laughable.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dave D on May 11, 2019, 10:33:03 AM
Quote from: Army of One on May 11, 2019, 10:05:25 AM
Again, nice as this is, its tiny gains compared to what you could be getting.Making a thread and bragging about 20% gains on btc and how you are making threads that will go down in history is laughable.

Gib could have hooked up with Carmen Electra but he was to shy. The bitcoin coin thread will never be as embarrassing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 11, 2019, 01:05:30 PM
Quote from: LurkerNoMore on May 11, 2019, 08:49:39 AM
Thank you for taking time to type all this out.  I am beginning to get an understanding of this now.

Ok bit more understanding if btc captures 5% of world adoption

World wealth: 317 Trillion USD
https://www.credit-suisse.com/corporate/en/research/research-institute/global-wealth-report.html

Bitcoins in circulations: 17,700,000
https://www.blockchain.com/charts/total-bitcoins

Hence follows:

1BTC=5%*317,000,000 /17.7= 895,000 Per btc
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 11, 2019, 06:58:22 PM
Quote from: Theoak* on May 11, 2019, 01:05:30 PM
Ok bit more understanding if btc captures 5% of world adoption

World wealth: 317 Trillion USD
https://www.credit-suisse.com/corporate/en/research/research-institute/global-wealth-report.html

Bitcoins in circulations: 17,700,000
https://www.blockchain.com/charts/total-bitcoins

Hence follows:

1BTC=5%*317,000,000 /17.7= 895,000 Per btc

Bear in mind the total number of bitcoins actually accessible and not “lost” is far less. Hence a valuation based on this formula, could be higher.

Bear in mind further that over time we will continue to see more USD printed. To to the extent you are measuring BTC value in USD, the nominal value will also be higher over time.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on May 11, 2019, 06:58:48 PM
Quote from: Theoak* on May 11, 2019, 01:05:30 PM
Ok bit more understanding if btc captures 5% of world adoption

World wealth: 317 Trillion USD
https://www.credit-suisse.com/corporate/en/research/research-institute/global-wealth-report.html

Bitcoins in circulations: 17,700,000
https://www.blockchain.com/charts/total-bitcoins

Hence follows:

1BTC=5%*317,000,000 /17.7= 895,000 Per btc

Holy crap.  I assume this is a big IF as in it reaches the full maximum there.   Hell, reaching half would be awesome.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 11, 2019, 06:59:12 PM
Oh and 7000...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 11, 2019, 07:39:07 PM
Quote from: gib on May 11, 2019, 06:58:22 PM
Bear in mind the total number of bitcoins actually accessible and not “lost” is far less. Hence a valuation based on this formula, could be higher.

Bear in mind further that over time we will continue to see more USD printed. To to the extent you are measuring BTC value in USD, the nominal value will also be higher over time.



^^^
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Wiggs on May 11, 2019, 08:10:50 PM
When the f%ck is XRP going to show a sign of life!!!!????
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 11, 2019, 08:22:16 PM
Quote from: gib on May 11, 2019, 06:58:22 PM
Bear in mind the total number of bitcoins actually accessible and not “lost” is far less. Hence a valuation based on this formula, could be higher.

Bear in mind further that over time we will continue to see more USD printed. To to the extent you are measuring BTC value in USD, the nominal value will also be higher over time.



And bear in mind further this is just household wealth. It does not include institutional wealth held by corporates and government etc. So if you factor out both lost coins and those held by corporates and governments the total amount left for “ordinary people” would be far less - perhaps only 5m coins (especially if you remove top 20 whales”).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 11, 2019, 08:30:55 PM
Oh and 7100
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 11, 2019, 08:44:07 PM
Quote from: oldschoolfan on May 11, 2019, 04:50:34 AM
bitcoin was invented for criminals to hide money, you cant use it for anything i have bought and sold bitcoin. it is a pain in the ass, and most people would have a very hard time figuring out how to send it.

Not correct that it was “Invented for criminals”. But for sure it is used by criminals. As is USD cash and indeed anything of value. It’s also used by non-criminals, both to purchase things, but primarily as a store of value or a mechanism to transfer value.

I can send from my phone to someone on the other side of the world in less than a minute. Far quicker and more efficiently than going to the bank to do this.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 11, 2019, 08:45:36 PM
Quote from: Theoak* on May 11, 2019, 05:23:33 AM
In essence, he is not lying , but just to describe what seems to be currently taking place and to suggest that based on current bitcoin dynamics, there is likely going to continue to be a gravitation of value into bitcoin which has a lot of other effects that are likely going to be societal wide. 

No one is going to really know the details of how the future is going to evolve, but each person may well be able to contemplate various changing dynamics that are partly caused by changed tools and the power of such tools.. referring to bitcoin here.    Once you make various assessments, you assign probabilities to future events and attempt to live your life based on situations that seem more probable to come true.. and you are not locked into your initial assessment, because you tweak along the way and hope that you were kind of in the ballpark in your earlier assessments rather than in complete fantasy land.. 

The closer you are the more likely you will prosper, unless you just get lucky,. but I prefer to live a life of good odds and not too much drama rather than making bets on things that are not likely to happen.  To each their own.  We are not all the same in our views, willingness to take risk, financial means, talents and timeline considerations.

Amen. Exactly.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 11, 2019, 08:47:37 PM
Quote from: obsidian on May 11, 2019, 05:12:28 AM
He is not promising anything. It is a gamble like anything else. Do you have balls or not? Mark Cuban gave some useful info about cryptos back in 2017.

Billionaire Mark Cuban seems to be among that group. As he told Vanity Fair, it's OK to invest up to 10 percent of your savings in high risk investments, including bitcoin and ethereum. You've just "got to pretend you've already lost your money," he said, adding that it's like throwing "the Hail Mary."

https://www.cnbc.com/2017/11/22/mark-cuban-only-invest-in-bitcoin-if-youre-prepared-to-lose-your-money.html

Basically you should not give a fuck about any money you put into cryptos. Assume it is already lost and you will make zero profits and only have a 100% loss. With that mindset it prepares you for the worse. Anything beyond that is then a plus.

This is my mindset. Could I lose money with cryptos. Fuck yeah. Could I lose money in a bar drinking expensive alcoholic drinks? You bet. I'm not taking my money to the grave either. Might as well have some fun and take chances here and there. But it has to be money you can afford to lose. Don't be that guy that mortgages his house on cryptos!

Exactly right. What I noticed is there are some very bitter people who are annoyed at having missed out on BTC and who then focus their anger on people who are simply explaining facts. Haters gonna hate I guess.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dave D on May 11, 2019, 08:53:03 PM
Quote from: gib on May 11, 2019, 08:30:55 PM
Oh and 7100

Stock market closed for the weekend and evenings. Bitcoins gaining in price and traded at all hours.

Stocks < bitcoins
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 11, 2019, 08:54:00 PM
Quote from: Army of One on May 11, 2019, 07:47:55 AM
You are acting like you discovered this lol.”capture a discussion that will be of value as historians look back..” oh lord, I can link you to the actual discussions historians will be looking back on, and they happened 8-10 years ago.Like the following, the first bitcointalk post by satoshi nakamoto in 2009, the creator of btc, whose identity still isnt confirmed.

https://bitcointalk.org/index.php?topic=5.msg28#msg28

They are not going to come to a bodybuilding forum full of people who are 8 years late to all the truly life changing gains with some guy posting a thread at the end of the 2017 bull run, who clearly missed all the important proceeding years.You are not “in the know” to something new, you are late late to the party.Even Goodrum was talking about this 5 years ago.

Ive been in crypto for 6, knew about btc in 2010, considered investing in 2011, bought in 2013.Again there are far bigger gains in coins you have never heard of.lamda just went 50x, quant went 40x,chx 24x etc.Maybe you can get a 10x btc, but youll get it much faster elsewhere.

My aim was to capture conversation as a kind of case study during the era as BTC went mainstream hype-phase. And I had a perfect protagonist, who helped me - Mr A, whom I prodded perfectly to become Mr anti-blip coin. Get big really is a good blend of some people who are smart and some who are not so smart, which of course is also a good reflection of society in general.

Just like Buffet in his annual letter to shareholders, I have deliberately dropped “pearls of wisdom” throughout this thread. They are there for those who take the time to read, contemplate, and learn.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: keanu on May 11, 2019, 09:22:31 PM
Crypto is rising because a prolonged trade war appears to be in the books. The stock market under the current conditions have no where to go but down. Thankfully a huge 4 month bull run has most investors doing well. Crypto mania may arise. The money has to go somewhere and the small crypto market needs little to explode. But beware, most of these coins have no product at all. Quick to rise, quick to fall. Good luck at all those making money.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 11, 2019, 10:32:22 PM
Quote from: keanu on May 11, 2019, 09:22:31 PM
Crypto is rising because a prolonged trade war appears to be in the books. The stock market under the current conditions have no where to go but down. Thankfully a huge 4 month bull run has most investors doing well. Crypto mania may arise. The money has to go somewhere and the small crypto market needs little to explode. But beware, most of these coins have no product at all. Quick to rise, quick to fall. Good luck at all those making money.

There is actually a direct counter argument to your view of the stock market, being that the trade war will result in a falling yield curve putting even more pressure on the Fed to hold off raising rates (or indeed even lower rates) to help support the economy, which in turn would be positive for stock markets both because the cost of borrowing (both by investors and the companies themselves) would then be lower, and also because the differential between company earnings and risk free income (ie the 10 year T note) would be higher.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 11, 2019, 10:33:24 PM
Oh and 7200 ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: keanu on May 11, 2019, 11:46:14 PM
Quote from: gib on May 11, 2019, 10:32:22 PM
There is actually a direct counter argument to your view of the stock market, being that the trade war will result in a falling yield curve putting even more pressure on the Fed to hold off raising rates (or indeed even lower rates) to help support the economy, which in turn would be positive for stock markets both because the cost of borrowing (both by investors and the companies themselves) would then be lower, and also because the differential between company earnings and risk free income (ie the 10 year T note) would be higher.

 Speculation is that Trump is trying for lower rates with this tariff move, but the Fed looking at their metrics want no part in it. I'm mostly in cash for now and couldn't care less. 25 percent tariffs to 200 billion of goods, with another 325 billion coming? Then Trump agrees to a deal with lower rates and the economy explodes. 2020 will be a huge year financially. Trump will ensure the economy is flying high heading into his election. I hope crypto runs so I can dump mine at a good profit. The Chinese will be buying big. Their markets are toast.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 12, 2019, 01:04:58 AM
Quote from: keanu on May 11, 2019, 11:46:14 PM
Speculation is that Trump is trying for lower rates with this tariff move, but the Fed looking at their metrics want no part in it. I'm mostly in cash for now and couldn't care less. 25 percent tariffs to 200 billion of goods, with another 325 billion coming? Then Trump agrees to a deal with lower rates and the economy explodes. 2020 will be a huge year financially. Trump will ensure the economy is flying high heading into his election. I hope crypto runs so I can dump mine at a good profit. The Chinese will be buying big. Their markets are toast.

I agree with all of this.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 12, 2019, 01:06:07 AM
On and 7250
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: manuelsonn on May 12, 2019, 01:08:06 AM
Hey gib! You seem to have a lot of knowledge regarding this ponzi scheme. Can you please tell us what value doar you expect to reach bitcoin ar the end of the test, you piece of shit ?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 12, 2019, 01:28:25 AM
Quote from: manuelsonn on May 12, 2019, 01:08:06 AM
Hey gib! You seem to have a lot of knowledge regarding this ponzi scheme. Can you please tell us what value doar you expect to reach bitcoin ar the end of the test, you piece of shit ?

If you read my prior writings you will see that I have explained before that an asset that produces no yield. So the purchase thereof is inherently speculative. I also explained why the term ponzie scheme is not applicable to BTC (although note it could be applied to some types of crypto and ICOs.

Not sure what u mean “end of the test”. If you meant of the year I would guess a range between 5-10K, but again I caveat that with my earlier points above.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on May 12, 2019, 07:23:33 AM
Quote from: gib on May 08, 2019, 04:33:32 PM
Your formula is correct. The point was making that from the last low to now, on a annualised basis, the return has been huge on a annualised percentage basis. Of course is that not many buy at the exact low - we will only see larger scale mainstream buying once taxi drivers etc again, believe that “Bitcoin is going up again”.

So, you make the point that bitcoin gives great returns by dividing the return by 3? ??? What?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: keanu on May 12, 2019, 12:42:07 PM
Quote from: polychronopolous on May 12, 2019, 04:36:22 AM
Warren Buffett himself stated a few days ago that stocks are still ridiculously cheap if interest rates stay low.

Yes, but the trade war will impact future guidance lower for the year forcing stocks down from here. If these tariffs continue for the year the average u.s. household will have close to 1000 dollars less to spend. Cost go up for companies and margins shrink, some sectors more than others. Both nations will be hurt but China can withstand it better. The Chinese president has a job for life while Trump needs re-election.  It's a risky game, the U.S. needs China to keep buys it's debt, while China needs the U.S. to consume goods. They both need each other. At some point a weak deal will be made where both sides proclaim victory, and Trump sails into the election. The markets will soar.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 12, 2019, 02:43:14 PM
Quote from: manuelsonn on May 12, 2019, 01:08:06 AM
Hey gib! You seem to have a lot of knowledge regarding this ponzi scheme. Can you please tell us what value doar you expect to reach bitcoin ar the end of the test, you piece of shit ?

 ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 13, 2019, 08:08:02 AM
How are you Mr Anabolic!

You still lurking here? We miss you.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 13, 2019, 08:09:19 AM
Oh and 7300 ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on May 13, 2019, 08:21:13 AM
easily one of the most stupid threads on getbig. bumping this thread everytime bitcoins go up or down? whats the point?

too much freetime on your hands.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 13, 2019, 08:40:54 AM
Have I ever bumped it going down? Please go and learn your getbig bitcoin history.

Oh and 7400.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: f450 on May 13, 2019, 08:44:13 AM
So many people bought in at over 10k, so yeah this movement is welcome. but still, Cold comfort.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 13, 2019, 08:56:58 AM
Quote from: gib on April 08, 2019, 01:30:12 AM
For the record - I announce I am now back in. Bought 2 coins at 5100 today.

Oh and 7450...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 13, 2019, 09:03:28 AM
A quote below from Mr A back when then price hit $3219 in mid December 2018.

Quote from: Mr Anabolic on December 12, 2018, 05:38:56 AM

I'm glad this thread is here and preserved for posterity, it's a lesson in the psychology of a bubble mania.  The main lesson people should take from this thread is that:  It's never different this time.  

Blipcoin is somewhere in the capitulation phase...

 

Still capitulating Mr A?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 13, 2019, 09:05:09 AM
Because if so that’s one hell of a capitulation taking place.

Oh and 7500.

Is just like the good old days isn’t it!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: wave_length on May 13, 2019, 09:45:59 AM
Starts to get fun again checking blockfolio. ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on May 13, 2019, 09:59:37 AM
This thread is like the ulitimate normie thread with people getting excited over boomer tier gains when all they know about is coinbase and maybe binance.Jesus the stories i could tell you about the real gains out there.When i see people excited over btc though it does tell me alt coins will pump even harder when btc stabilises.The real question is how long can this manipulation keep up before bitfinex and tether collapse.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on May 13, 2019, 10:52:34 AM
Quote from: gib on May 13, 2019, 08:40:54 AM
Have I ever bumped it going down? Please go and learn your getbig bitcoin history.

Oh and 7400.

i think we need to get you banned. surely somebody who posts everytime bitcoins go up, even so slightly, is a fukn spamming moron who can fuck the hell off the board.

whats next? a thread about the temperature changing over the day? "oh btw partly cloudy!" oh btw, mostly sunny!"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on May 13, 2019, 10:54:53 AM
this thread is worthless without pictures.

if gib made serious money on bitcoins he would have fuckk off money by now, that means mansions, cars, boats etc because he wouldve invested and re-invested etc over and over again during this time.

and yet, not a single photo of... well anything. this worthless liar cant even produce an image of his watch, so it's safe to assume that he's broke as fukk and is wearing a swatch.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 13, 2019, 12:51:22 PM
7900
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IronMagazine.com on May 13, 2019, 02:08:28 PM
Quote from: Theoak* on May 13, 2019, 12:51:22 PM
7900

Hot damn, I finally have 6 figures again!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 13, 2019, 02:32:19 PM
Quote from: IronMagazine.com on May 13, 2019, 02:08:28 PM
Hot damn, I finally have 6 figures again!

8000
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 13, 2019, 02:43:04 PM
122 BTC wall on stamp, usually takes hours to chew through. Massacred in 3 seconds.

The problem seems to be too much demand and not enough bitcoin.

We’re up nearly 60% in the last 30 days

8-9 years ago $1 jumps a day were huge. 5-6 years ago $10-50 jumps a day were huge. 2 years ago $100 jumps a day were huge. And now same is happening with $500-1000 jumps a day. Indicator for where we are heading to?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 13, 2019, 03:37:30 PM
Quote from: ratherbebig on May 13, 2019, 10:52:34 AM
i think we need to get you banned. surely somebody who posts everytime bitcoins go up, even so slightly, is a fukn spamming moron who can fuck the hell off the board.

whats next? a thread about the temperature changing over the day? "oh btw partly cloudy!" oh btw, mostly sunny!"


The other option of course, is that if you are not enjoying it, you could simply skip over this thread and not read it.

Actually a little more exciting that “phil looking bloffy (again)” thread, but hey that’s just me.

Now piss off and go read the “gay icon” thread.

Oh and 7500.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dave D on May 13, 2019, 03:42:32 PM
Quote from: gib on May 13, 2019, 03:37:30 PM
The other option of course, is that if you are not enjoying it, you could simply skip over this thread and not read it.

Actually a little more exciting that “phil looking bloffy (again)” thread, but hey that’s just me.

Oh and 7500.

Is it 7500 or 7900 or 8000? Why do you guys have different prices?

Quote from: Theoak* on May 13, 2019, 12:51:22 PM
7900
Quote from: Theoak* on May 13, 2019, 02:32:19 PM
8000
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 13, 2019, 03:56:10 PM
Quote from: ratherbebig on May 13, 2019, 10:54:53 AM
this thread is worthless without pictures.

if gib made serious money on bitcoins he would have fuckk off money by now, that means mansions, cars, boats etc because he wouldve invested and re-invested etc over and over again during this time.

and yet, not a single photo of... well anything. this worthless liar cant even produce an image of his watch, so it's safe to assume that he's broke as fukk and is wearing a swatch.


I have already explained my wealth in the past. In made most of it with stocks and property. I have also explained that wealth and success is relative. To some people I am super rich. To others (a smaller number admittedly) I’m not. Bur for those who do care, if you read the thread there is a part where I explain my approximate net worth and net annual income. (What was interesting was that when I posted that many thought it was a “huge amount”. I started with nothing, literally, and over many years of solid investing performance am where I am today. I also explained how I spend my money. Although I do have some nice properties they are mostly not “mansions” but rather solid blue chip earners. I party hard occasionally and drink nice wine (my little vice) but is not champagne coke and strippers each evening. I can get as much pleasure out of beer and fish and chips by the beach as I get out of a top restaurant meal. Not really into fancy clothes. And often rent, as I live in many locations.

Also my holdings of BTC are but a blip (literally) of my net worth. My stock portfolio moves, on a daily basis in amounts that make the value of BTC which I own (or gold for that matter) totally insignificant. I also disclosed at what prices I bought (and sold) BTC (and how much I made).

I have not much to gain other than to enjoy the discussion.

Oh and 7600.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 13, 2019, 03:58:42 PM
Quote from: IronMagazine.com on May 13, 2019, 02:08:28 PM
Hot damn, I finally have 6 figures again!

Welcome back to 6 figures baby!

I had one friend who was worth around 5m in crypto at the last peak. He hodled all the way down (went below 1m), balls of steele, and now is starting to feel a little better. Still way down off peak of course...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on May 13, 2019, 04:44:43 PM
Quote from: gib on May 13, 2019, 03:56:10 PM
I have already explained my wealth in the past. In made most of it with stocks and property. I have also explained that wealths and success is relative. To some people I am super rich. To others (a smaller number admittedly) I’m not. Bur for those who do care, if you read the thread there is a part where I explain my approximate net worth and net annual income. (What was interesting was that when I posted that many thought it was a “huge amount”. I started with nothing, literally, and over many years of solid investing performance am where I am today. I also explained how I spend my money. Although I do have some nice properties they are mostly not “mansions” but rather solid blue chip earners. I party hard occasionally and drink nice wine (my little vice) but is not champagne coke and strippers each evening. I can get as much pleasure out of beer and fish and chips by the beach as I get out of a top restaurant meal. Not really into fancy clothes. And often rent, as I live in many locations.

Also my holdings of BTC are but a blip (literally) of my net worth. My stock portfolio moves, on a daily basis in amounts that make the value of BTC which I own (or gold for that matter) totally insignificant. I also disclosed at what prices I bought (and sold) BTC (and how much I made).

I have not much to gain other than to enjoy the discussion.

Oh and 7600.



a proper response would be with pictures, not words.

please dont embarrass yourself again by responding without pictures.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 13, 2019, 05:45:09 PM
Quote from: ratherbebig on May 13, 2019, 04:44:43 PM
a proper response would be with pictures, not words.

please dont embarrass yourself again by responding without pictures.



Lol I see you trying to bait him. Gib actually gives context to his wealth as well as bitcoin.

If you’re looking for ego driven individuals look no further than Xfactor and big al McKenzie
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on May 13, 2019, 06:01:20 PM
Quote from: Theoak* on May 13, 2019, 05:45:09 PM
Lol I see you trying to bait him. Gib actually gives context to his wealth as well as bitcoin.

If you’re looking for ego driven individuals look no further than Xfactor and big al McKenzie

the dude's been boasting about bitcoins for 110 pages with zero proof of any financial gains.

that's equal to have a 110 page thread about a new training method, at some point you would want to see actual results and backing it up.

i think it's safe to say that gib is full of shit and neither have money or muscle.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on May 13, 2019, 06:04:32 PM
So when people talk about other alt coins and such being "coupled" to bitcoin, that pretty much means depending on bitcoin for either rising and falling?  If they are decoupled, then it would seem a greater risk of falling since they don't have the bitcoin safety net under them???   Or do you think being tied to bitcoin is holding them down?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 13, 2019, 06:05:13 PM
Quote from: ratherbebig on May 13, 2019, 04:44:43 PM
a proper response would be with pictures, not words.

please dont embarrass yourself again by responding without pictures.



Pictures of wealth? Like those black dudes who post pix of themselves holding a wad of $100 bills you mean? Or like those rich (but actually nearly bankrupt) bodybuilders with pix of 4 (on loan finance) cars in tbeir garage?

I’ve said it before when my wealth (or lack of it) was discussed - you can pretend I have zero net worth if you like. I suggest you simply read and consider my posts (regardless of whether I am “wealthy” or not).

If you want pix on mansions just google a few pix. They are usually not great investments by the way, unless bought in low tax jurisdictions at the specific time in a market cycle. Even then though they are hard to offload, have a low yield, can be high maintenance etc. So I usually prefer to rent them as opposed to owning.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on May 13, 2019, 06:13:02 PM
i suppose there could be a perfectly reasonable explanation... maybe gib's gold and diamond covered smart phone has low battery
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 13, 2019, 06:14:03 PM
Quote from: gib on May 13, 2019, 06:05:13 PM
Pictures of wealth? Like those black dudes who post pix of themselves holding a wad of $100 bills you mean? Or like those rich (but actually nearly bankrupt) bodybuilders with pix of 4 (on loan finance) cars in tbeir garage?

I’ve said it before when my wealth (or lack of it) was discussed - you can pretended I have zero net worth if you like. I suggest you simply read and consider my posts (regardless of whether I am “wealthy” or not.

If you want pix on mansions just google a few pix. They are usually great investments by the way, unless bought in low tax jurisdictions at the specific time in a market cycle. Even then though they are hard to offload, have a low yield, can be high maintenance etc. So I usually prefer to rent them as opposed to owning.

Speaking of “owning” Mr A (yet again) did a massive self-owning with his various comments a throughout this thread. Including his last “this is a capitulation” post back in December 2018. The irony of course being that had he bought at that time he would by now have made a 500% annualised return on investment ...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dave D on May 13, 2019, 06:17:09 PM
Quote from: gib on May 13, 2019, 06:14:03 PM
Speaking of “owning” Mr A (yet again) did a massive self-owning with his various comments a throughout this thread. Including his last “this is a capitulation” post back in December 2018. The irony of course being that had he bought at that time he would by now have made a 500% annualised return on investment ...



Gib how are you owning Mr.A? You sold all you coins before they reached 100k maturity and then only bought 2 at $5100.

The profit you can make off of the 2 is nice right now but for a man of your means incant imagine you worry about spending $4k on a weekend vacation.

You're acting weird.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on May 13, 2019, 06:20:28 PM
oh btw, just did 5 reps of bicep curls...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on May 13, 2019, 06:21:19 PM
6 reps...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 13, 2019, 06:31:30 PM
Quote from: Dave D on May 13, 2019, 06:17:09 PM
Gib how are you owning Mr.A? You sold all you coins before they reached 100k maturity and then only bought 2 at $5100.

The profit you can make off of the 2 is nice right now but for a man of your means incant imagine you worry about spending $4k on a weekend vacation.

You're acting weird.

First 2 paragraphs are correct.

3rd paragraph is a matter of opinion. To some people I may seem weird. To others I seem entirely rational.  Sometimes is the majority whom are “weird”. They just don’t know it yet.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 13, 2019, 06:32:31 PM
Quote from: ratherbebig on May 13, 2019, 06:20:28 PM
oh btw, just did 5 reps of bicep curls...

How much money did you make doing that?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dave D on May 13, 2019, 06:40:58 PM
Quote from: gib on May 13, 2019, 06:31:30 PM
First 2 paragraphs are correct.

3rd paragraph is a matter of opinion. To some people I may seem weird. To others I seem entirely rational.  Sometimes is the majority whom are “weird”. They just don’t know it yet.

So you think its normal behavior for someone with above average wealth to brag about a potential $4000 windfall?

Ok
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 13, 2019, 06:51:24 PM
Quote from: Dave D on May 13, 2019, 06:40:58 PM
So you think its normal behavior for someone with above average wealth to brag about a potential $4000 windfall?

Ok

Not bragging. Just stating a fact.

Whether it’s a windfall or not is subjective, although arguably if the “investment” is a pure gamble (which it arguably is) then yes gain would indeed be correctly characterised as a windfall.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 13, 2019, 06:56:40 PM
Oh. And @ $7700. Which makes the gain a tad over 5k I believe.

Meanwhile you would not believe, probably, how much I am down today in US equities and now at the opening of Asian markets ...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 13, 2019, 07:22:50 PM
http://fortune.com/2019/05/13/bitcoin-comes-to-whole-foods-major-retailers-in-coup-for-digital-currency/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dave D on May 13, 2019, 07:46:21 PM
Quote from: Theoak* on May 13, 2019, 07:22:50 PM
http://fortune.com/2019/05/13/bitcoin-comes-to-whole-foods-major-retailers-in-coup-for-digital-currency/

So what does this mean?

Bitcoin is obviously too volatile to be used as currency. I could buy $550 of groceries with 1/20 of a bitcoin today and tomorrow it will have cost me an extra $500.
 
Why not just pay with stocks or gold? This isnt a benefit to the consumer unless the losing money is the desired result.

Or am I missing something with this?

Also now bitcoin will be tracked be the government because retailers will record the purchases.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 13, 2019, 10:30:10 PM
Oh and $207 (Ethereum)
Oh and $0.38 (Ripple)

Fuck Bitcoin I want the Alts to go to the moon.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 13, 2019, 10:32:35 PM
Quote from: Dave D on May 13, 2019, 07:46:21 PM
So what does this mean?

Bitcoin is obviously too volatile to be used as currency. I could buy $550 of groceries with 1/20 of a bitcoin today and tomorrow it will have cost me an extra $500.
 
Why not just pay with stocks or gold? This isnt a benefit to the consumer unless the losing money is the desired result.

Or am I missing something with this?

Also now bitcoin will be tracked be the government because retailers will record the purchases.
Why do you care if the government knows you bought groceries from Whole Foods? You would be doing nothing illegal. If I send you Bitcoin they won't know who sent and who received unless you made your address public. You can have numerous wallets for Bitcoin, Ethereum etc. as well.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 14, 2019, 12:19:18 AM
Quote from: LurkerNoMore on May 13, 2019, 06:04:32 PM
So when people talk about other alt coins and such being "coupled" to bitcoin, that pretty much means depending on bitcoin for either rising and falling?  If they are decoupled, then it would seem a greater risk of falling since they don't have the bitcoin safety net under them???   Or do you think being tied to bitcoin is holding them down?

People use the term to describe a range of things. But it’s most commonly used to describe BTC not moving in sync with other crypto. If btc rises and others decline, this is a very good thing for btc as it confirms btc is established market acceptance and dominance as the leading and key coin for store of value.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: stingray on May 14, 2019, 12:54:51 AM
Quote from: gib on May 14, 2019, 12:19:18 AM
People use the term to describe a range of things. But it’s most commonly used to describe BTC not moving in sync with other crypto. If btc rises and others decline, this is a very good thing for btc as it confirms btc is established market acceptance and dominance as the leading and key coin for store of value.

u reckon btc heading to 20k again?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on May 14, 2019, 01:11:58 AM
oh btw
Humidity
91%
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 14, 2019, 01:45:12 AM
Quote from: stingray on May 14, 2019, 12:54:51 AM
u reckon btc heading to 20k again?

Let me first say, as I have said all along, that something that produces no yield cannot be valued. Yield is the fundamental driver that investors like myself and Buffet look at when valuing an asset (then of course adding in many other factors such as reliability of yield, longevity of yield, yield compared to interest rates etc), and which is why value investors like myself consider crypto and (gold also) to be inherent bubbles. Their value is simply a factor of what others are prepared to pay for them, vs yield producing assets where value can be fundamentally calculated.

So, that in turn means, that BTC (and gold) could fall to virtually zero value. They could also hit astronomical values.

Do I think BTC will surpass 20K again? Yes, I think so, based on the societal trend I am seeing. Would not surprise me if we get to 10K soon which in turn is a milestone that will spur further publicity as mainstream buyers enter.

I think every person, if possible should own at 1 BTC. (There will only ever be 21,000,000 coins mined, and probably 1/3 are already "lost". So lets say 14,000,000 coins that can actually be accessed vs 36,000,000 millionaires in the world, meaning other is only enough supply for .5 of a coin per millionaire. Now bear in mind that many millionaires own more than a coin, and indeed, many non-millionaires do too. Let alone Governments and funds, and you can get the idea of where pricing "could" go in the future. I would not recommend by any means putting all your eggs in one basket. As I have said before, I only have a minute % of total wealth in BTC (and gold for that matter).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on May 14, 2019, 02:36:06 AM
the more bitcoins go up in value the bigger reminder of how much money you COULDVE made if you only wouldve put your money where your mouth is.

what a loser.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on May 14, 2019, 02:36:47 AM
oh btw, thundery showers and a moderate breeze.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on May 14, 2019, 02:42:21 AM
Look at the dates, 1st guy is clearly an insider

(http://is2.4chan.org/biz/1557803475718.png)

(http://is2.4chan.org/biz/1557799528325.png)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 14, 2019, 03:06:40 AM
Quote from: ratherbebig on May 14, 2019, 02:36:06 AM
the more bitcoins go up in value the bigger reminder of how much money you COULDVE made if you only wouldve put your money where your mouth is.

what a loser.

Not really, as I make a balanced approach to allocation of assets based on perceived risk vs reward, and invest accordingly. Which has led to a very nice long term gains over many years. So actually, (and mathematically) a winner as opposed to a loser.

Losers are those who take bets on things they don't fully understand, where odds are against them, thinking (or hoping) they will win.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on May 14, 2019, 06:00:20 AM
Quote from: gib on May 14, 2019, 03:06:40 AM
Not really, as I make a balanced approach to allocation of assets based on perceived risk vs reward, and invest accordingly. Which has led to a very nice long term gains over many years. So actually, (and mathematically) a winner as opposed to a loser.

Losers are those who take bets on things they don't fully understand, where odds are against them, thinking (or hoping) they will win.


bullshit. if you really believed in bitcoins the way you been preaching about it for 110 pages you would invest in it big time.

and since you haven't you either does not really, deep down, believe in it or you just lack the money to invest.

this would explain why you wouldnt kick yourself for losing money - you didn't have any money to invest in the first place.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on May 14, 2019, 06:05:36 AM
btw Humidity 69%
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dave D on May 14, 2019, 06:44:07 AM
Quote from: obsidian on May 13, 2019, 10:32:35 PM
Why do you care if the government knows you bought groceries from Whole Foods? You would be doing nothing illegal. If I send you Bitcoin they won't know who sent and who received unless you made your address public. You can have numerous wallets for Bitcoin, Ethereum etc. as well.

One of the benefits Gib is promoting is that the income earned from flipping bitcoin is that it's not taxable because its untraceable.

If stores, especially one owned by Amazon, accept it as tender it will be traceable. So one of the primary benefits is not a benefit at all.

If you think otherwise you haven't paid attention to history.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dave D on May 14, 2019, 07:37:47 AM
Quote from: gib on May 14, 2019, 07:24:56 AM
Depends on where u store the cash when you sell btc.

If you want to avoid tax on the capital gain you can keep it as btc and not ever realise the gain. Exchange it for cash that you keep yourself (as opposed to in a bank). Use overseas. But a good or a service from a private individual. Lots of ways.

The primary investor of the recently defunct  AAF, Reggie Fowler, was recently arrested for bank fraud because of cryptos.

The original main investor in the Alliance of American Football, Reggie Fowler, was arrested Tuesday and charged by the U.S. Attorney’s Office in the Southern District of New York, the FBI and the IRS with committing bank fraud and operating an unlicensed money transmitting business.

The government entities allege that Fowler, and his partner Ravid Yosef, between February and October of 2018, moved hundreds of millions of dollars through banks for a cryptocurrency business under the guise of what they said were real estate holdings. If convicted, Fowler, 60, could face a maximum of 70 years in prison

It seems cashing out,  even wth over seas banks,  is now a problem.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 14, 2019, 06:55:07 PM
Quote from: obsidian on May 13, 2019, 10:30:10 PM
Oh and $207 (Ethereum)
Oh and $0.38 (Ripple)

Fuck Bitcoin I want the Alts to go to the moon.
Oh and $218 (Ethereum)
Oh and $0.42 (Ripple)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Wiggs on May 14, 2019, 07:19:41 PM
Quote from: Wiggs on May 11, 2019, 08:10:50 PM
When the f%ck is XRP going to show a sign of life!!!!????

I am a happier man today.  8) 8) 8)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 15, 2019, 03:50:25 AM
Ethereum showing signs of life!

Oh and $232.82 (Ethereum)
Oh and $0.4280 (Ripple)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 15, 2019, 10:36:36 AM
https://www.forbes.com/sites/billybambrough/2019/05/15/ethereum-and-ripples-xrp-soar-as-bitcoin-treads-water-heres-why/#4cacfd2f120c

Bitcoin @ $8000 is 41% of its high.

Ethereum @ $237 is only 17.5% of its high.

If you ask me profit potential with Ethereum is much higher than Bitcoin. I am surprised Gib does not see this.

Ethereum is up 285% since December 2018.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 15, 2019, 10:40:48 AM
Quote from: Dave D on May 14, 2019, 06:44:07 AM
One of the benefits Gib is promoting is that the income earned from flipping bitcoin is that it's not taxable because its untraceable.

If stores, especially one owned by Amazon, accept it as tender it will be traceable. So one of the primary benefits is not a benefit at all.

If you think otherwise you haven't paid attention to history.
If you use the same wallet for all transactions. You could shapeshift currency from say a Zcash wallet to a Bitcoin or Ethereum wallet. Then make your Whole Foods purchase with that wallet. Nobody would know from which wallet the original funds came from. You could have 20 Bitcoin and 20 Ethereum wallets.

So the bulk of your crypto holdings could still be in an anonymous wallet.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 15, 2019, 10:48:32 AM
https://dailyhodl.com/2019/05/15/bitcoin-vs-ethereum-big-crypto-bet-puts-69-btc-and-810-eth-at-stake/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on May 15, 2019, 03:48:54 PM
All I’m gonna say is buy xrp like I’ve been saying for months.Bitcoin is all speculation and a slug showing its age.Xrp is fast as fuck and cheap as hell with crazy utility.Bitcoin transactions are clogged up on all exchanges xrp no problem at all.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: AbrahamG on May 15, 2019, 04:13:37 PM
Quote from: Wiggs on May 14, 2019, 07:19:41 PM
I am a nappier man today.  8) 8) 8)

Fixed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on May 15, 2019, 04:15:16 PM
Quote from: obsidian on May 15, 2019, 10:36:36 AM
https://www.forbes.com/sites/billybambrough/2019/05/15/ethereum-and-ripples-xrp-soar-as-bitcoin-treads-water-heres-why/#4cacfd2f120c

Bitcoin @ $8000 is 41% of its high.

Ethereum @ $237 is only 17.5% of its high.

If you ask me profit potential with Ethereum is much higher than Bitcoin. I am surprised Gib does not see this.

Ethereum is up 285% since December 2018.

Xrp blew them all away in 2017 and will do so again in 2019.I guaran-Fucking-tee that.Bitcoin and etherium both running on spec,utility just isn’t there.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dave D on May 15, 2019, 04:47:58 PM
Quote from: obsidian on May 15, 2019, 10:40:48 AM
If you use the same wallet for all transactions. You could shapeshift currency from say a Zcash wallet to a Bitcoin or Ethereum wallet. Then make your Whole Foods purchase with that wallet. Nobody would know from which wallet the original funds came from. You could have 20 Bitcoin and 20 Ethereum wallets.

So the bulk of your crypto holdings could still be in an anonymous wallet.

I understand how it works today.

It won't be an anonymous transaction once crypto has become mainstream.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tres_taco_combo on May 15, 2019, 04:53:58 PM
ripple took it hard in jan/feb 2018
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 15, 2019, 04:57:25 PM
Quote from: obsidian on May 15, 2019, 10:36:36 AM
https://www.forbes.com/sites/billybambrough/2019/05/15/ethereum-and-ripples-xrp-soar-as-bitcoin-treads-water-heres-why/#4cacfd2f120c

Bitcoin @ $8000 is 41% of its high.

Ethereum @ $237 is only 17.5% of its high.

If you ask me profit potential with Ethereum is much higher than Bitcoin. I am surprised Gib does not see this.

Ethereum is up 285% since December 2018.

My boy ltc is up 370% since December.

Guns are still with btc since it has given 3700% increase since me entering the space and 9000% at its height in 2017.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 15, 2019, 05:00:50 PM
Quote from: Dave D on May 15, 2019, 04:47:58 PM
I understand how it works today.

It won't be an anonymous transaction once crypto has become mainstream.

Absolutely there are ways to anonymously transfer bitcoin, as the tech develops and becomes more mainstream devs will implement privacy protocols, just as you see in monero and other privacy coins.
I think part of the mainstream adoption will be because of privacy implementation which are already being experimented with.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 15, 2019, 05:06:00 PM
Quote from: robcguns on May 15, 2019, 04:15:16 PM
Xrp blew them all away in 2017 and will do so again in 2019.I guaran-Fucking-tee that.Bitcoin and etherium both running on spec,utility just isn’t there.
Oh and.....

I own both Ethereum and Ripple. Right now both are on a tear.

There's a lot of development behind Ethereum.

Ethereum went from $8.33 to $1353.55! An increase of 16249 %!!! If you go back further ETH was once around $0.5. So total increase was 270710 %

I know Ripple went up 50,000 %. It was hard to purchase it in the beginning though at those lower prices. ETH you could mine and still can. You can't mine Ripple.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 15, 2019, 05:10:02 PM
Quote from: Theoak* on May 15, 2019, 04:57:25 PM
My boy ltc is up 370% since December.

Guns are still with btc since it has given 3700% increase since me entering the space and 9000% at its height in 2017.


I had LTC and sold it lol. I own almost everything at the top except for Litecoin and Bitcoin. Well I have fractions of Bitcoin and Litecoin - left over from previous transactions. I hate that those little fractions sit there in a wallet - unusable.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dave D on May 15, 2019, 07:01:50 PM
Quote from: Theoak* on May 15, 2019, 05:00:50 PM
Absolutely there are ways to anonymously transfer bitcoin, as the tech develops and becomes more mainstream devs will implement privacy protocols, just as you see in monero and other privacy coins.
I think part of the mainstream adoption will be because of privacy implementation which are already being experimented with.



Interesting.

Do you have a digital  wallet on an anonymous device, burner iPhone that you use prepaid minutes with,? Did you purchase your digital currency via non traceable means or did you mine it? And when you transfer digital currency to cash what steps do you take to ensure your anonymity?

I understand digital currency is the future but lets not pretend it is going to be transactions taking place where the government isnt getting their share of the profits.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 15, 2019, 10:25:03 PM
Quote from: Theoak* on May 15, 2019, 05:00:50 PM
Absolutely there are ways to anonymously transfer bitcoin, as the tech develops and becomes more mainstream devs will implement privacy protocols, just as you see in monero and other privacy coins.
I think part of the mainstream adoption will be because of privacy implementation which are already being experimented with.


Try explaining this to Mr Anabolic. He just didn’t get it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 15, 2019, 10:26:25 PM
Quote from: Dave D on May 15, 2019, 07:01:50 PM
Interesting.

Do you have a digital  wallet on an anonymous device, burner iPhone that you use prepaid minutes with,? Did you purchase your digital currency via non traceable means or did you mine it? And when you transfer digital currency to cash what steps do you take to ensure your anonymity?

I understand digital currency is the future but lets not pretend it is going to be transactions taking place where the government isnt getting their share of the profits.

I have always bought mine peer to peer. Not record from any bank or any exchange or corporate seller. Just one blip to another.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 15, 2019, 10:31:04 PM
Quote from: robcguns on May 15, 2019, 04:15:16 PM
Xrp blew them all away in 2017 and will do so again in 2019.I guaran-Fucking-tee that.Bitcoin and etherium both running on spec,utility just isn’t there.

BTCs utility is arguably as the original and ultimate agreed on store of value. This does not require fast transaction processing. It requires mass and collective acceptance and agreement that it will serve this function.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dave D on May 15, 2019, 11:08:48 PM
Quote from: gib on May 15, 2019, 10:26:25 PM
I have always bought mine peer to peer. Not record from any bank or any exchange or corporate seller. Just one blip to another.

Makes sense. I'm not saying it cant be done, as obviously it has been done over and over. My point was when its acceptance is mainstream.

But how were you able to transfer the tangible cash? Was it literally a crypto for straight cash? And where do you store your "digital wallet"?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 15, 2019, 11:52:14 PM
Quote from: Dave D on May 15, 2019, 11:08:48 PM
Makes sense. I'm not saying it cant be done, as obviously it has been done over and over. My point was when its acceptance is mainstream.

But how were you able to transfer the tangible cash? Was it literally a crypto for straight cash? And where do you store your "digital wallet"?

Yes literary cash for crypto. Meet up. Exchange cash and they zap the coins to you.

Keep in cold storage and access via a trezor.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 15, 2019, 11:54:27 PM
Www.localbitcoins.com for example.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dave D on May 15, 2019, 11:57:43 PM
Quote from: gib on May 15, 2019, 11:52:14 PM
Yes literary cash for crypto. Meet up. Exchange cash and they zap the coins to you.

Keep in cold storage and access via a trezor.

Quote from: gib on May 15, 2019, 11:54:27 PM
Www.localbitcoins.com for example.

Thanks
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 16, 2019, 12:45:10 AM
Pretty much spot on, extra layer of security use a VPN.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on May 16, 2019, 12:55:01 AM
I still have no fucking idea what bitcoin is.  Whatever it is, I'm sure the whole thing would go tits up if I ever invested in it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 16, 2019, 03:37:11 AM
Quote from: Pray_4_War on May 16, 2019, 12:55:01 AM
I still have no fucking idea what bitcoin is.  Whatever it is, I'm sure the whole thing would go tits up if I ever invested in it.

Send me your bitcoin address, I’ll pay you not to get involved.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on May 17, 2019, 07:56:30 AM
Ok, I saw something online that had people talking about the ETF or whatever decision was cancelled and postponed until October.  So the run that the crypto market is showing now will not last.

No idea what this means, can someone explain it to me. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on May 17, 2019, 08:29:55 AM
Quote from: LurkerNoMore on May 17, 2019, 07:56:30 AM
Ok, I saw something online that had people talking about the ETF or whatever decision was cancelled and postponed until October.  So the run that the crypto market is showing now will not last.

No idea what this means, can someone explain it to me. 

The belief is that an etf, aka exchange traded fund, is the gateway for normal people with no tech knowledge to be able to easily be to buy bitcoin without ever visiting a crypto exchange or knowing what a crypto wallet is, essentially opening the floodgates for the everyday person to buy btc.Everyone ignores the fact there are already bitcoin etfs in europe and nobody uses them.Also the sec will never approve an etf without the amount of manipulation and fraud currently in the market.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on May 17, 2019, 09:41:22 AM
Quote from: Army of One on May 17, 2019, 08:29:55 AM
The belief is that an etf, aka exchange traded fund, is the gateway for normal people with no tech knowledge to be able to easily be to buy bitcoin without ever visiting a crypto exchange or knowing what a crypto wallet is, essentially opening the floodgates for the everyday person to buy btc.Everyone ignores the fact there are already bitcoin etfs in europe and nobody uses them.Also the sec will never approve an etf without the amount of manipulation and fraud currently in the market.

Actually I have seen those.  I didn't really know what they were. 

So basically it is just hype?  I see the market is going down now.  It would make sense to wait for it drop more, back to where it was a few weeks ago and then buy in, hoping for the October vote hype to push it back up to higher levels?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on May 17, 2019, 09:42:51 AM
Quote from: gib on May 15, 2019, 11:52:14 PM
Yes literary cash for crypto. Meet up. Exchange cash and they zap the coins to you.

Keep in cold storage and access via a trezor.

But why would you want to do it anonymously?  What benefit is there to that?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on May 17, 2019, 09:47:50 AM
Quote from: LurkerNoMore on May 17, 2019, 09:42:51 AM
But why would you want to do it anonymously?  What benefit is there to that?

Im assuming he doesnt want to pay taxes when he cashes out, which can be up to 50% depending on the country.No record of him buying, no tax man to chase you, and then you can just sell for cash.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on May 17, 2019, 09:53:04 AM
Quote from: LurkerNoMore on May 17, 2019, 09:41:22 AM
Actually I have seen those.  I didn't really know what they were.  

So basically it is just hype?  I see the market is going down now.  It would make sense to wait for it drop more, back to where it was a few weeks ago and then buy in, hoping for the October vote hype to push it back up to higher levels?

The whole market is hype, none of this crap is being used for anything.The real answer is nobody knows.The market is so manipulated it wouldnt shock anyone who has been in it for years if it went up to 10k in the next few weeks or if it dropped to 5k.This whole run was started by someone market buying 100 million usd worth of btc in an hour or so,without that manipulation the run would never have happened.You dont do that unless you want to move the market up, as normally anyone with that amount of money buys privately otc  meaning over the counter, they dont use an exchange, that way they can buy say 100 million usd worth of btc all at 4900usd say, instead of in an exchange where that 100mill buys from 4900 to 5600, pushing the price up with each buy.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 19, 2019, 04:53:59 PM
Quote from: Army of One on May 17, 2019, 09:53:04 AM
The whole market is hype, none of this crap is being used for anything.The real answer is nobody knows.

Indeed this is the case for any asset that produces no yield whether gold, fine art etc. The asset value cannot be measure and is only worth what the last buyer is willing to pay.

7800



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 26, 2019, 03:40:56 PM
7900
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 26, 2019, 03:42:24 PM
8000
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 26, 2019, 03:43:38 PM
Poor old Mr Anabolic and his capitulation theory ...

Oh and 8100.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on May 26, 2019, 03:47:04 PM
three bumps in 3 minutes? really? why isnt this idiot banned? on every other msg board there are rules for bumping threads

say i got 1 bitcoin as you suggest everyone to own, why would it going from 7900 to 8100 be of my concern? is it time to sell? no? so whats the point? stop posting shit you mongoloid fuck.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 26, 2019, 03:49:34 PM
Quote from: gib on May 26, 2019, 03:43:38 PM
Poor old Mr Anabolic and his capitulation theory ...

Oh and 8100.

Where are you reading from?

It broke 8700 just before....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Irongrip400 on May 26, 2019, 04:02:25 PM
I’ve seen bitcoin ATM machines. No clue how they work or how much coin you can buy. It was in gas station and a quickie mart.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 26, 2019, 04:10:07 PM
Quote from: ratherbebig on May 26, 2019, 03:47:04 PM
three bumps in 3 minutes? really? why isnt this idiot banned? on every other msg board there are rules for bumping threads

say i got 1 bitcoin as you suggest everyone to own, why would it going from 7900 to 8100 be of my concern? is it time to sell? no? so whats the point? stop posting shit you mongoloid fuck.

Move on to another thread if this one is of no interest.

Oh and 8200
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: anabolicguru on May 26, 2019, 04:12:20 PM
Quote from: Pray_4_War on May 16, 2019, 12:55:01 AM
I still have no fucking idea what bitcoin is.  Whatever it is, I'm sure the whole thing would go tits up if I ever invested in it.

Its what we all use to buy steroids - Truth
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 26, 2019, 04:12:32 PM
Quote from: Irongrip400 on May 26, 2019, 04:02:25 PM
I’ve seen bitcoin ATM machines. No clue how they work or how much coin you can buy. It was in gas station and a quickie mart.

You can buy unlimited amount. But there is maybe a max amount per transaction. The margin you pay for conversion from cash to btc will be much higher than on an exchange though.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 26, 2019, 04:36:35 PM
Poor old Mr Anabolic. Not only did he (wrongly) predict the demise of the US stock market
in each of the years 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018 and (so far) 2019, but he has now been proven to also have been wrong on his prediction on the demise of bitcoin.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 26, 2019, 05:44:20 PM
Quote from: Theoak* on May 26, 2019, 03:49:34 PM
Where are you reading from?

It broke 8700 just before....

I’m naturally very conservative. So when I quote a price update here I factor in daily volatility (as opposed to quoting the very latest obsolete peak.

But ok, I’ll give you 8300 :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 26, 2019, 05:52:11 PM
Mr A (and others) - go educate yourselves. Good podcast here that address many of the false things doubters have claimed in the past.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Irongrip400 on May 27, 2019, 08:39:03 AM
Quote from: gib on May 26, 2019, 05:52:11 PM
Mr A (and others) - go educate yourselves. Good podcast here that address many of the false things doubters have claimed in the past.



Didn’t you get out of bitcoin and then claim it was a scam/pyramid scheme that you were part of?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on May 27, 2019, 08:52:43 AM
Quote from: ratherbebig on May 26, 2019, 03:47:04 PM
three bumps in 3 minutes? really? why isnt this idiot banned? on every other msg board there are rules for bumping threads

say i got 1 bitcoin as you suggest everyone to own, why would it going from 7900 to 8100 be of my concern? is it time to sell? no? so whats the point? stop posting shit you mongoloid fuck.

Needs to be reported to the SEC for continual pump and dump imo
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 27, 2019, 09:20:42 AM
Quote from: TheGrinch on May 27, 2019, 08:52:43 AM
Needs to be reported to the SEC for continual pump and dump imo

What an idiot comment. The chairman of the SEC has himself publicly stated that BTC is not a regulated security. Further I am not pumping - just stating facts. And indeed have no intention of dumping this time around. Indeed I just bought more a few days ago.

I maintain that every person should consider owning a little BTC. Who knows what the future holds. BTC has now survived 10 years with the ledger entirely intact. And is gradually asserting itself as a universal store of value free from any kind of ability to be debased by government money printing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 27, 2019, 09:21:51 AM
Oh and 8400.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 27, 2019, 09:31:10 AM
Quote from: Irongrip400 on May 27, 2019, 08:39:03 AM
Didn’t you get out of bitcoin and then claim it was a scam/pyramid scheme that you were part of?

Partially correct. Yes I got out last time at around 15K (on the way down) and took some nice gains and posted that I had done this in the interests of transparency. I then also posted when I rebought (at 5k).

As for being a scam/pyramid scheme you are confusing concepts. What I have explained, many times, is that as BTC provides no yield it is an inherent bubble (just like gold). It’s value is entirely dependent on what the next person will pay. As such it’s value could climb almost infinitely high, or go to literally zero.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 27, 2019, 09:37:44 AM
Quote from: ratherbebig on May 26, 2019, 03:47:04 PM
three bumps in 3 minutes? really? why isnt this idiot banned? on every other msg board there are rules for bumping threads

say i got 1 bitcoin as you suggest everyone to own, why would it going from 7900 to 8100 be of my concern? is it time to sell? no? so whats the point? stop posting shit you mongoloid fuck.

First of all, if you don’t like this thread please move on - perhaps the who is getbigs best gay icon thread is of more interest. Or if interested in Mongoloids go to Genova’s youtube channel.

Also, you might just notice that I only post a value update when the price has risen,’and then only in multiples of 100. Didums if you feel upset at missing out on the fun. There still plenty of time now to come join the party. Please tell Mr A he’s also invited.

Oh and 8500
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on May 27, 2019, 09:46:50 AM
Quote from: gib on May 27, 2019, 09:37:44 AM
First of all, if you don’t like this thread please move on - perhaps the who is getbigs best gay icon thread is of more interest. Or interested in Mongoloids go to Genova’s youtube channel.

Also, you might just notice that I only post a value update when the price has risen,’and then only in multiples of 100. Didums if you feel upset at missing out on the fun. There still plenty of time now to come join the party. Please tell Mr A he’s also invited.

Oh and 8500

again you advice that people have 1 bitcoin. say they buy it at 8500 dollars. when should they sell it? at 9500? 10500? 20500? how long is that gonna take? years? and for what a few thousand dollar profit? what they gonna do with that? buy a shitty used car?

this is totally meaningless. nobody is getting rich outta this shit. it doesnt affect peoples lives one bit. very high risk to reward ratio (as you know, otherwise you would invest in it big time yourself and you never have and never will)

why do you spend so much time on this shitty meaningless currency? get a life.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on May 27, 2019, 10:02:32 AM
here's what you can do instead of buying bitcoins

work extra every saturday and earn $100

52 weeks = $5200. do that for 20 years = $104000 - not bad for just working 1 day a week.

money guaranteed.

no risk.

why not make a thread about that. GUARANTEED MONEY! EARN THOUSANDS OF DOLLARS! MINIMUM WORK REQUIRED! JUST 1 DAY OUTTA 7!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on May 27, 2019, 10:10:29 AM
Quote from: ratherbebig on May 27, 2019, 09:46:50 AM
again you advice that people have 1 bitcoin. say they buy it at 8500 dollars. when should they sell it? at 9500? 10500? 20500? how long is that gonna take? years? and for what a few thousand dollar profit? what they gonna do with that? buy a shitty used car?

this is totally meaningless. nobody is getting rich outta this shit. it doesnt affect peoples lives one bit. very high risk to reward ratio (as you know, otherwise you would invest in it big time yourself and you never have and never will)

why do you spend so much time on this shitty meaningless currency? get a life.


Throw your cryto wallet into a vault and leave it alone.

The motto of the old timey South Texas ranchers fits in well here: "Buy and never sell."
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 27, 2019, 06:04:13 PM
Quote from: polychronopolous on May 27, 2019, 10:10:29 AM
Throw your cryto wallet into a vault and leave it alone.

The motto of the old timey South Texas ranchers fits in well here: "Buy and never sell."

Exactly. You are buying piece of mind and securing your slice of a (possible) future.

If, (and these are big ifs), but if the world continues to gravitate towards BTC as an agreed store of value, then, as BTC is mathematically limited in number, the price of BTC will increase. Millennials and Gen x’s who understand, resonate with, and who grew up with BTC will be in their peak earning capacity 10-20 years from now. These are people who are disrupters and who are building their future outside of government control. And indeed we might also see Governments and others in positions of entrenched power buying portions of BTC as a hedge to control the masses (among other reasons), with the masses in turn buying as they see Governments buying, producing a vortex sucking in ever-increasing amounts of “fake value” paper money in return for ever deminishing amounts of bitcoin.

Buy BTC. Stash it securely. In ten years, it could be worth 100k+ a coin. Or it could be worth very little. If the former scenario occurs you will be very pleased you took the risk of buying “back in 2019”.

*This is a very important piece of advice from me and getbiggers are in the fortunate position to receive it. Read it and then think about it for a while. If it doesn’t make sense now, come back occasionally, take a look at what is going on around you, and read it again...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on May 27, 2019, 06:33:11 PM
Funny how gib only posts when its going up..

When gib got crushed last yeaer and lost HUGE $$$$ .... not a post was seen
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 27, 2019, 06:43:25 PM
Quote from: TheGrinch on May 27, 2019, 06:33:11 PM
Funny how gib only posts when its going up..

When gib got crushed last yeaer and lost HUGE $$$$ .... not a post was seen

Not correct. Go back and read the thread. I posted thoughout and even announced when I sold (taking remarkable gains on an annualised basis)  

But great if you find posts here funny - it’s nice to be happy about something as opposed to angry and bitter, and ultimately we are all here on getbig to have fun.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tres_taco_combo on May 27, 2019, 08:50:46 PM
when will all the profit takers come in and put in tons of sell orders and drive the price back to around $6k?

can you buy bitcoin with a credit card now?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 27, 2019, 09:20:17 PM
Quote from: tres_taco_combo on May 27, 2019, 08:50:46 PM
when will all the profit takers come in and put in tons of sell orders and drive the price back to around $6k?

can you buy bitcoin with a credit card now?

1- no one knows.
2 - yes of course.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on May 28, 2019, 12:59:16 AM
my vault is full.

bonds, stocks, stamps, comic books, movie memoriabilia, gold, silver, antiques, art, watches, a sandow statue and a piece of land on the moon.

they all said the same thing - it will only go up in value! just you wait.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 30, 2019, 03:14:06 AM
Quote from: obsidian on May 14, 2019, 06:55:07 PM
Oh and $218 (Ethereum)
Oh and $0.42 (Ripple)
Oh and $280.52 (Ethereum)
Oh and $0.4595 (Ripple)

Ethereum is now up 28% since 2 weeks ago. It should hit $300 next. Then we'll see where it goes from there. IOTA has also done nicely the past few days.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 30, 2019, 05:32:54 AM
Quote from: obsidian on May 30, 2019, 03:14:06 AM
Oh and $280.52 (Ethereum)
Oh and $0.4595 (Ripple)

Ethereum is now up 28% since 2 weeks ago. It should hit $300 next. Then we'll see where it goes from there. IOTA has also done nicely the past few days.

Just don’t tell Mr Anabolic :) ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on May 30, 2019, 05:38:01 AM
Quote from: ratherbebig on May 28, 2019, 12:59:16 AM
my vault is full.

bonds, stocks, stamps, comic books, movie memoriabilia, gold, silver, antiques, art, watches, a sandow statue and a piece of land on the moon.

they all said the same thing - it will only go up in value! just you wait.



Get rid of all that for crypto cause crypto does go up and will make many more returns much quicker than that stuff.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ratherbebig on May 30, 2019, 05:40:16 AM
quick returns? nah. anybody selling their bitcoins sooner than 50 years is a sucker.

do not sell until 2069!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 30, 2019, 06:09:57 AM
Quote from: Irongrip400 on May 27, 2019, 08:39:03 AM
Didn’t you get out of bitcoin and then claim it was a scam/pyramid scheme that you were part of?

 ;D

He keeps flip-flopping his views for convenience, would not trust a word he says.

Probably wants to get rid of his remaining bitcoins so is back to hyping it up again.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 01, 2019, 10:05:51 PM
BTC to surpass gold in terms of market cap and price to hit $360,000 by 2045:

Still plenty of time to secure your future, if you believe this guy is correct ...

www.newsbtc.com/2019/03/25/bitcoin-price-gold-market-cap/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on June 03, 2019, 07:04:13 AM
Quote from: Griffith on May 30, 2019, 06:09:57 AM
;D

He keeps flip-flopping his views for convenience, would not trust a word he says.


Haha yes, he's been contradicting himself every time btc hits a new low or high.

He's not an investor, or finances expert, despite trying hard to appear as one.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on June 03, 2019, 07:14:48 AM
Quote from: ratherbebig on May 27, 2019, 10:02:32 AM
here's what you can do instead of buying bitcoins

work extra every saturday and earn $100

52 weeks = $5200. do that for 20 years = $104000 - not bad for just working 1 day a week.

money guaranteed.

no risk.

why not make a thread about that. GUARANTEED MONEY! EARN THOUSANDS OF DOLLARS! MINIMUM WORK REQUIRED! JUST 1 DAY OUTTA 7!



Furthermore, if you invest the $5200 every year, at 5%, you will have $180,540 after 20 years.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on June 03, 2019, 07:42:15 AM
Quote from: el numero uno on June 03, 2019, 07:04:13 AM
Haha yes, he's been contradicting himself every time btc hits a new low or high.

He's not an investor, or finances expert, despite trying hard to appear as one.

The funniest part is that he thinks he is making a thread that all of history will remember, and seems to think he is influencing the price with the thread, its a level of delusion I have not seen before here.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 06, 2019, 05:40:18 PM
Quote from: Army of One on June 03, 2019, 07:42:15 AM
The funniest part is that he thinks he is making a thread that all of history will remember, and seems to think he is influencing the price with the thread, its a level of delusion I have not seen before here.

It’s more a few delusional others here who think I am “influencing the price”. Having said that, when you own BTC it is of course your duty to evangelise and encourage others to adopt.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tres_taco_combo on June 06, 2019, 05:43:02 PM
i missed out on ripple fall 2017 - it was a pain the ass to buy.

my entry point would have been around .20 .30 a unit.

i see it around .40 

was looking to drop $3k to $4k into it. i never did it since the transaction itself was a pain in the ass. my brother has 1 whole bitcoin left - his entry was $4500 or something
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on June 07, 2019, 09:03:48 AM
Quote from: gib on June 01, 2019, 10:05:51 PM
BTC to surpass gold in terms of market cap and price to hit $360,000 by 2045:

Still plenty of time to secure your future, if you believe this guy is correct ...

www.newsbtc.com/2019/03/25/bitcoin-price-gold-market-cap/


What is the best way to invest in this?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Nick3344 on June 07, 2019, 10:35:21 AM
Quote from: visualizeperfection on September 01, 2017, 10:03:43 AM
Why make trillions, when we can make... billions.

Well, several millions will be enough for me. I'm not chasing richness, but I want to make money using cryptocurrency, that's why I invested in Bitcoin. I read a lot of sceptical posts about it as many people think that using cryptocurrency is just a waste of money. Personally I prefer checking forecasts and reviews on Bitcoin: https://revain.org/projects/bitcoin that help me to be aware of the situation on the market. By the way, the price might reach $28k soon, so I think, we all will be happy that we were not afraid of investing in cryptocurrency.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on June 15, 2019, 02:32:26 PM
You really need to get in early in crypto to make the gains, buy or get the airdrops when it is fairly unknown.This to me looks like the next challenger to btc.Its basically like getting in to btc in 2009.With btc you had to mine it in 2009, you couldnt even buy it yet.With this coin, pi, you mine it on your phone, uses no battery, gone from 1k users to 35k users in a month, when it reaches 100k users the mining rate halves, when a million it halves again.All mining means is you basically get around 1.5 pi an hour sent to your phone every hour.

This is EARLY, you cant even buy this yet on exchanges,developed by a group of stanford phds, the coin will be used in its own marketplace, to pay other users etc.This is the first crypto to use your phone, and to mine on your phone.Mobile crypto?Will be HUGE.On apple and android, get in now, let it mine for a year, next year it goes on sale on exchages, sell your coins and make a small fortune.You were warned.Invite only currently.Invite code here.

 https://minepi.com/gom23 and use gom23 as your invitation code.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tres_taco_combo on June 15, 2019, 03:07:39 PM
have any of you guys sold your bitcoin? did you ever get your funds in a form of a check?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 15, 2019, 10:59:38 PM
9300
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 15, 2019, 11:28:17 PM
Quote from: Theoak* on June 15, 2019, 10:59:38 PM
9300

Careful. You might offend someone with that price update. Or be accused of “talking up the market” - 😂
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tres_taco_combo on June 16, 2019, 06:49:07 AM
how hard is it go get your money out?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 16, 2019, 08:06:25 AM
Quote from: tres_taco_combo on June 16, 2019, 06:49:07 AM
how hard is it go get your money out?

What an idiotic question...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tres_taco_combo on June 16, 2019, 10:15:21 AM
Quote from: gib on June 16, 2019, 08:06:25 AM
What an idiotic question...

I am not trolling etc but i hear funds are locked up and a pain in the ass to get since BTC is not very liquid etc etc

 hence i am asking  -

this is a bodybuilding forum not a BTC forum...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 16, 2019, 03:45:38 PM
Quote from: tres_taco_combo on June 16, 2019, 10:15:21 AM
I am not trolling etc but i hear funds are locked up and a pain in the ass to get since BTC is not very liquid etc etc

 hence i am asking  -

this is a bodybuilding forum not a BTC forum...

If it’s a serious question - the answer is around 10 seconds. You transfer the coins and the recipient gives you cash, or a service, or any other item of value, in return. If you decide to sell via a 3rd party trading exchange you will be at their liberty in terms of when they pay you the sales proceeds - it could be almost immediate, it could be a day or 2, (and worst case it could be never ...).

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 17, 2019, 01:29:02 AM
Quote from: gib on June 16, 2019, 03:45:38 PM
If it’s a serious question - the answer is around 10 seconds. You transfer the coins and the recipient gives you cash, or a service, or any other item of value, in return. If you decide to sell via a 3rd party trading exchange you will be at their liberty in terms of when they pay you the sales proceeds - it could be almost immediate, it could be a day or 2, (and worst case it could be never ...).



Exactly.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 17, 2019, 02:14:30 AM
Quote from: Griffith on June 17, 2019, 01:29:02 AM
Exactly.

Why by the way is exactly the same risk that exist when you keep money in a bank ... which in turn is why people are so attracted to BTC. There is no need to keep it in a bank nor with an exchange.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 17, 2019, 02:17:24 AM
Oh and 8500.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 17, 2019, 02:20:25 AM
For the record I have been buying more over the last few weeks. I’ve come around to thinking BTC is really here to last as a store of value. And that various factors may arise that could drive it significantly higher.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 17, 2019, 05:49:25 AM
Quote from: gib on June 17, 2019, 02:20:25 AM
For the record I have been buying more over the last few weeks. I’ve come around to thinking BTC is really here to last as a store of value. And that various factors may arise that could drive it significantly higher.

I read somewhere yesterday that it only took about 3 weeks to go from $9200 to 20k the last time we were at this level.

I'm not saying that is going to happen but with the halvening around the corner, more potential institutional money coming in combined with the FOMO crowd likely to come and the HODL'rs who are dug in and simply not selling...we are looking at the perfect storm for one hell of a supply crunch.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 17, 2019, 01:15:12 PM
Quote from: gib on June 17, 2019, 02:14:30 AM
Why by the way is exactly the same risk that exist when you keep money in a bank ... which in turn is why people are so attracted to BTC. There is no need to keep it in a bank nor with an exchange.

The same risks as having money in a well established bank?

Not a chance.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 17, 2019, 04:23:37 PM
Quote from: polychronopolous on June 17, 2019, 05:49:25 AM
I read somewhere yesterday that it only took about 3 weeks to go from $9200 to 20k the last time we were at this level.

I'm not saying that is going to happen but with the halvening around the corner, more potential institutional money coming in combined with the FOMO crowd likely to come and the HODL'rs who are dug in and simply not selling...we are looking at the perfect storm for one hell of a supply crunch.

Exactly. Could well happen. Also the halving of mining output kicks in next year. We could see some very quick fomo movements. Having said that, this time I’m in it for the long term. I see it as a hedge against a various possible future scenarios.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 17, 2019, 04:27:08 PM
Quote from: Griffith on June 17, 2019, 01:15:12 PM
The same risks as having money in a well established bank?

Not a chance.

Many perceive a way higher risk keeping money in the bank. Which is why so many people are moving to a virtual and decentralised store of wealth.

A bank can literally go bust. It’s IT systems could go down. The tax man can come and demand a share. They can impose fees. They charge to transfer internationally. A the government can steal from you simply by printing money. These are just some of the reasons people are moving to BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 17, 2019, 04:29:06 PM
Mr A - how’s your capitulation theory going? :D

Oh an $8600 - one of the best performing assets so far in 2019. So much for capitulating lol!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IronMagazine.com on June 17, 2019, 04:32:03 PM
Yes! I am rich again! lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 18, 2019, 03:42:07 AM
Facebooks launch of a new currency should be interesting...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Wiggs on June 18, 2019, 03:48:59 AM
Ripple bought 8-10% stake in MoneyGram.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 18, 2019, 07:58:53 PM
Wiggs u back in the market?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tres_taco_combo on June 18, 2019, 08:04:06 PM
Quote from: gib on June 18, 2019, 03:42:07 AM
Facebooks launch of a new currency should be interesting...

was all over the financial news outlets

Gib what do you do for a living?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on June 18, 2019, 08:56:52 PM
Quote from: gib on June 17, 2019, 02:20:25 AM
I’ve come around to thinking BTC is really here to last as a store of value.
Quote

You just figured that out? Because as far as I remember, you've been saying that for years.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 19, 2019, 12:45:01 AM
Quote from: tres_taco_combo on June 18, 2019, 08:04:06 PM
was all over the financial news outlets

Gib what do you do for a living?

Full time investor. Yourself?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 19, 2019, 05:58:02 AM
Quote from: el numero uno on June 18, 2019, 08:56:52 PM
Quote from: gib on June 17, 2019, 02:20:25 AM

I’ve come around to thinking BTC is really here to last as a store of value.

"You just figured that out? Because as far as I remember, you've been saying that for years."

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 19, 2019, 06:00:53 AM
Well to be honest, I was somewhat of a skeptic at first. Although I enjoyed winding Mr A up and ultimately putting him in his place etc, as I have said many times before, the only reason I initially bought the first time around was because I could see an upward hype trend that i was willing to best still had some way to run. (And fortunately I was right on this and made a very nice % ROI).

However, I was never comfortable with an asset that cannot be valued (as it produces no yield) but I wanted to educate,  document (and also debunk) the typical objections and misconceptions that people had against BTC. I sold after the last peak at around 15K, so made great gains. I then started rebuying at 5K as I concluded the bounce back was permanent, and now have 11 coins. I have now have come around to thinking that BTC really is possibly both here to stay, also also that it "could" well have huge gains ahead in years to come.

We have seen a Bitcoin go from $1, to $10, to $100, to $1000, to $10000. Its quite feasible next stop is 100K. To me, allocating a small portion of net wealth to this is worth the possible return, not to mention a real hedge against a range of possible future scenarios. As Mr A used to say in jest "first 100,000, then 1,000,000" - ironically he may turn out to be correct yet has stubbornly and steadfastly refused to buy himself being the stubborn old man he is...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 19, 2019, 06:13:49 AM
Quote from: gib on June 17, 2019, 04:27:08 PM
Many perceive a way higher risk keeping money in the bank. Which is why so many people are moving to a virtual and decentralised store of wealth.

A bank can literally go bust. It’s IT systems could go down. The tax man can come and demand a share. They can impose fees. They charge to transfer internationally. A the government can steal from you simply by printing money. These are just some of the reasons people are moving to BTC.

Where I'm from, it has to be declared to the revenue services. Not that most do, but in the small chance they are discovered, there could be penalties.

They're also working on technology to monitor and track it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 19, 2019, 06:39:58 AM
Quote from: Griffith on June 19, 2019, 06:13:49 AM
Where I'm from, it has to be declared to the revenue services. Not that most do, but in the small chance they are discovered, there could be penalties.

They're also working on technology to monitor and track it.

Yes some countries may consider it a capital gain and want tax. Others might classify it as income considering you as being a professional trader. If you are still earning investment income it’s best not to live in countries like the US.

Having said that tax man will only know if you bought via exchange or if you deposit cash profits from a sale into a bank acct. For this reason more and more people are trading anonymously peer to peer and not “cashing in”.
but rather staying in BTC long term.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on June 19, 2019, 06:56:37 AM
Quote from: gib on June 19, 2019, 12:45:01 AM
Full time investor. Yourself?

do you invest in other things than bitcoin?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 19, 2019, 07:15:21 AM
Quote from: gib on June 19, 2019, 06:39:58 AM
Yes some countries may consider it a capital gain and want tax. Others might classify it as income considering you as being a professional trader. If you are still earning investment income it’s best not to live in countries like the US.

Having said that tax man will only know if you bought via exchange or if you deposit cash profits from a sale into a bank acct. For this reason more and more people are trading anonymously peer to peer and not “cashing in”.
but rather staying in BTC long term.
Quote from: FitnessFrenzy on June 19, 2019, 06:56:37 AM
do you invest in other things than bitcoin?

Of course. Primarily stocks and real estate. % allocated to BTC and gold and art/collectibles is nominal.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 19, 2019, 08:49:14 AM
Quote from: gib on June 19, 2019, 06:39:58 AM
Yes some countries may consider it a capital gain and want tax. Others might classify it as income considering you as being a professional trader. If you are still earning investment income it’s best not to live in countries like the US.

Having said that tax man will only know if you bought via exchange or if you deposit cash profits from a sale into a bank acct. For this reason more and more people are trading anonymously peer to peer and not “cashing in”.
but rather staying in BTC long term.
I think you mean cashing out. If you sell your BTC you are cashing out.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 19, 2019, 10:22:55 AM
Quote from: gib on June 19, 2019, 06:39:58 AM
Yes some countries may consider it a capital gain and want tax. Others might classify it as income considering you as being a professional trader. If you are still earning investment income it’s best not to live in countries like the US.

Having said that tax man will only know if you bought via exchange or if you deposit cash profits from a sale into a bank acct. For this reason more and more people are trading anonymously peer to peer and not “cashing in”.
but rather staying in BTC long term.

And that in itself can be a catch for many people, to not be able to convert their investment into cash or put it into a bank account. Then they're basically locked in.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 19, 2019, 06:12:49 PM
Quote from: Griffith on June 19, 2019, 10:22:55 AM
And that in itself can be a catch for many people, to not be able to convert their investment into cash or put it into a bank account. Then they're basically locked in.

To “convert into cash” you simply sell it to someone who will give you cash for it. It’s that simple. Your coins are in cyberspace and you can exchange them for any currency anywhere in the world (or anything else of value that you may agree upon, whether a good or a service).

No one is “locked in” but many are choosing to hodl long term as they have lost faith in ever devaluing (and taxable) cash issued by governments.

A BTC would say that if you are in cash you are in fact “locked in” to a system that makes you a slave controlled by the state. And that by moving wealth into a universal cyber currency controlled by no one and mathematically limited in supply you are actually buying freedom and flexibility. That’s the thinking - and more people are coming around to it. Look especially at what happens when a country’s economic or political systems collapse. People move to BTC as a safe haven and store of value.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 19, 2019, 06:14:15 PM
Oh and 8700 (that one’s for you Mr A).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 19, 2019, 07:22:01 PM
Make that $8800...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 19, 2019, 08:08:22 PM
https://m.imgur.com/J5saKql (https://m.imgur.com/J5saKql)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 19, 2019, 08:29:54 PM
$400,000,000(40k btc) was moved on June 17th for a fee of $2.38.

No bank, government or third party had to verify the transaction, nor could they have stopped it.

True power of btc!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 19, 2019, 08:54:34 PM
Quote from: Theoak* on June 19, 2019, 08:29:54 PM
$400,000,000(40k btc) was moved on June 17th for a fee of $2.38.

No bank, government or third party had to verify the transaction, nor could they have stopped it.

True power of btc!

Yeah buddy! There are many people who move very substantial amounts of money between countries. All with BTC. All anon. All untaxed. All secure.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 20, 2019, 07:38:32 AM
Oh and $8900...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: f450 on June 20, 2019, 08:51:50 AM
Things are looking better for those poor guys who got destroyed buying in at over 15k. They are still carrying a massive loss but its looking better.
Maybe stop updating every 100$ and come back when its over 16k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 20, 2019, 03:07:38 PM
Facebook is launching Libra...a huge adoption rate instantly. Just think of all those Facebook idiots that will never use BTC ready to go.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 20, 2019, 03:41:56 PM
Quote from: SOMEPARTS on June 20, 2019, 03:07:38 PM
Facebook is launching Libra...a huge adoption rate instantly. Just think of all those Facebook idiots that will never use BTC ready to go.

Exactly!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 20, 2019, 03:42:37 PM
Oh and $9000.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IronMagazine.com on June 20, 2019, 04:10:19 PM
$9500!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tres_taco_combo on June 20, 2019, 04:13:18 PM
Quote from: gib on June 19, 2019, 12:45:01 AM
Full time investor. Yourself?

I am a mortgage broker - been at the game since 2006 started when I was 23 years old. I worked before the boom, worked during the housing bust. many mortgage brokers were causalities during the recession which some of my best years since there was less competition.

i did a lot of divorce refinances, Harp transactions from 2007  to 2011 and just found a niche way to make money -

I love my career - to be a good mortgage broker: you need to out hustle your competition (more calls, emails, meetings, provide more value, know more loan programs) it just like being a conditioned bodybuilder - how much will power do you have? can you hustle? then your referral partners must like you.


i don't recommend my line of work though since many people arent self starters, cant hustle, also you need to learn to eat rejection like candy -

mortgage rates are low! love it :)


using bitcoin for your mortgage application is dicey - it can be done, but lot of documentation is needed
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 20, 2019, 04:55:14 PM
Quote from: tres_taco_combo on June 20, 2019, 04:13:18 PM
I am a mortgage broker - been at the game since 2006 started when I was 23 years old. I worked before the boom, worked during the housing bust. many mortgage brokers were causalities during the recession which some of my best years since there was less competition.

i did a lot of divorce refinances, Harp transactions from 2007  to 2011 and just found a niche way to make money -

I love my career - to be a good mortgage broker: you need to out hustle your competition (more calls, emails, meetings, provide more value, know more loan programs) it just like being a conditioned bodybuilder - how much will power do you have? can you hustle? then your referral partners must like you.


i don't recommend my line of work though since many people arent self starters, cant hustle, also you need to learn to eat rejection like candy -

mortgage rates are low! love it :)


using bitcoin for your mortgage application is dicey - it can be done, but lot of documentation is needed

Great. Not everyone is cut out for a sales job. Do you get ongoing income from each mortgage written?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 21, 2019, 04:04:08 AM
Ethereum going up as well. $285.64 and market cap of $30.27 billion

Some positive developments for Ethereum. I feel it is underpriced at the moment and should be trading at least 1/10th or 1/15th of Bitcoin. Bitcoin will probably rise to $10,000 soon and then on to $14,000. So Ethereum in my mind is still a bargain and should be at least $750 - $1000 when Bitcoin is at $10,000. We'll see where is ends up the next few years. I am going to hold for the foreseeable future.

MetLife Plans To Disrupt $2.7 Trillion Life Insurance Industry Using Ethereum Blockchain

https://www.forbes.com/sites/stevenehrlich/2019/06/19/metlife-plans-to-disrupt-2-7-trillion-life-insurance-industry-using-ethereum-blockchain/#270b88e27702

 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 21, 2019, 05:03:20 AM
As Bitcoin approaches $10,000 I thought it would be nice to revisit some GetBig history from the archives...

BTC at 381...

Quote from: Mr Anabolic November 13, 2013, 05:11:42 PM

It's a scam, a fad, a bubble, a trading vehicle.  Might as well buy some penny stocks... at least they trade on a legit exchange.

100% trackable and controllable.  Don't believe all the encryption security nonsense.

Look at a daily bitcoin chart... totally parabolic.  The next crash will be glorious.  

BTC at $576...

Quote from: Mr Anabolic March 17, 2014, 02:13:27 PM

Bitcoin is so 2013. The bitcoin bubble has popped. It's over.

BTC at $4319...

Quote from: Mr Anabolic September 04, 2017, 07:26:09 AM

Me thinks this was THE top.  Let's see if I'm right.

BTC at $6750...  

Quote from: Mr Anabolic November 10, 2017, 04:10:43 AM

As I mentioned earlier in this thread... when the avalanche of sell orders come in and everyone is looking for an exit at the same time... they not be able to sell and most will get their faces ripped off.   You'll be saying to yourself: "Why the fuck didn't I sell at $7800?

BTC at $8033 ...

Quote from: Mr Anabolic November 19, 2017, 11:22:58 AM

Banksters will be able to naked short bitcoins and drive the price down like they do with precious metals.

Gonna be interesting when it collapses $1000's in a few minutes and you didn't even take profits on one.  You'll disappear... never to post in this thread again.


Never forget Mr Anabolic - First .$01, then $1, then $10, then $100, then $1000, then $10,000, then ... you get it yet???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on June 21, 2019, 05:36:11 AM
Gib - are there ways to take riskier positions on bitcoin rising than just "buying" bitcoin and taking the price increase/decrease?  Like options or such?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 21, 2019, 06:01:07 AM
Quote from: Grape Ape on June 21, 2019, 05:36:11 AM
Gib - are there ways to take riskier positions on bitcoin rising than just "buying" bitcoin and taking the price increase/decrease?  Like options or such?

Yes indeed. Some exchanges offer leverage of 100:1. Koreans, Chinese and Japanese are placing huge leveraged bets at the moment. Some make huge amounts of money - some get entirely wiped out.

If you want leverage you could of course also get a loan, borrow against an existing asset like a house, etc. However, I would not recommend that. We cannot be certain where BTC will go. And even if we do take a view that it might hit 100K or 1m, we don't know for sure the time horizon. So, for those reasons, I would be inclined just to buy and hodl. If you buy just 1 coin, and a certain scenario does pan out, you will be hedged, and set for life. (Provided you store that coin securely!)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 21, 2019, 06:08:16 AM
Quote from: gib on June 21, 2019, 05:03:20 AM
As Bitcoin approaches $10,000 I thought it would be nice to revisit some GetBig history from the archives...

BTC at 381...

BTC at $576...

BTC at $4319...

BTC at $6750...  

BTC at $8033 ...

Never forget Mr Anabolic - First .$01, then $1, then $10, then $100, then $1000, then $10,000, then ... you get it yet???


Oh, and whilst I am at it, for the record...

GOLD - which Mr Anabolic advocated as "the only asset to buy" back in 2013, is actually pretty much the same now that is was then - $1400 in 2013 and $1400 now, 6 years later..

And the DOW JONES, which Mr Anabolic predicted would "collapse" in 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, and 2019 has not, to date occurred. In fact US equities are very close to all time highs, and will likely hit new highs on any Fed rate reduction (or possibly also on a finalized trade deal with China). To quote a very famous investor "Far more money has been lost worrying about the possibility of markets declining, than money actually lost in markets declining".

So, there you have it. A GetBig self-owning proven and stored for ever on GetBig.

PS - Mr A - we know you are still reading this - man up, come back and admit you were wrong. And then go and buy a bitcoin (if you haven't already secretly done so...) :)

 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Wiggs on June 21, 2019, 08:53:26 AM
Quote from: gib on June 18, 2019, 07:58:53 PM
Wiggs u back in the market?

Yes, I've been since Feb. XRP and BTC. I may get some Etherium as well but that's it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tres_taco_combo on June 21, 2019, 01:57:12 PM
Quote from: gib on June 20, 2019, 04:55:14 PM
Great. Not everyone is cut out for a sales job. Do you get ongoing income from each mortgage written?

its a hustle x 100.

i do not get revenue from closed loans over time. i get a % of the loan amount which is usually 1-2% of the loan volume.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 21, 2019, 02:33:50 PM
Quote from: Wiggs on June 21, 2019, 08:53:26 AM
Yes, I've been since Feb. XRP and BTC. I may get some Etherium as well but that's it.

Can't wait to see Warren Buffett's glasses fog over when BTC passes 20k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on June 21, 2019, 02:35:55 PM
I'll be bumping this thread during the dump phase like gib is doing now :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 21, 2019, 04:19:03 PM
Quote from: polychronopolous on June 21, 2019, 02:33:50 PM
Can't wait to see Warren Buffett's glasses fog over when BTC passes 20k.

Lol let’s see what he and Charlie say. I am huge Buffet fan. To his defence his main point is that he doesn’t need to be right about everything or need to understand everything - rather all he needs to do is to be right about where he puts his own money. (And In being right about that he has been super successful).

He’s not a fan on any asset that does not produce a yield be it art, gold or BTC. He did say he thinks BTC will likely come to a bad end, but I think he may acknowledge soon that people have indeed collectively agreed on BTC as a universal store of value.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 21, 2019, 04:40:40 PM
10000 breached. Even if temporary, hello btc my old friend.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 21, 2019, 04:42:01 PM
And now ...

9100
9200
9300
9400
9500
9600
9700
9800
9900 ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 21, 2019, 05:22:28 PM
Quote from: a_pupil on June 21, 2019, 02:35:55 PM
I'll be bumping this thread during the dump phase like gib is doing now :)

Yes please do, encourage your friends and family to buy at the dip while you’re at it. Help is always appreciated maintaining and exceeding resistance points. Thank you
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 21, 2019, 06:40:10 PM
$10,000!!!

Yeah now let’s watch it blast through this number as mainstream mum and dads start to get the confidence to buy. (Of course as getbiggers we will already have bought in by now ...)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Wiggs on June 21, 2019, 06:51:58 PM
10k reached!
Its moon time baby!
FOMO will be induced!

XRP will soon have it's time. Soon! Soon!...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 21, 2019, 07:00:17 PM
Quote from: Wiggs on June 21, 2019, 06:51:58 PM
10k reached!
Its moon time baby!
FOMO will be induced!

XRP will soon have it's time. Soon! Soon!...



We will never the words of our visionary Mr Anabolic (even is they were said jest - the irony being his may be the one thing he was actually right about 😂

“First .$01, then $1, then $10, then $100, then $1000, then $10,000, then $100,000...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on June 21, 2019, 07:06:37 PM
anyone promoting this tech is super dumb, blind or evil. clutch ur pennies, phaggots – while u can.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Wiggs on June 21, 2019, 07:19:56 PM
Quote from: Zillotch on June 21, 2019, 07:06:37 PM
anyone promoting this tech is super dumb, blind or evil. clutch ur pennies, phaggots – while u can.

It is inevitable and I'm going to profit largely from it. I've been into this shit since Silk Road and missed out twice I'm not missing out this time. There's a once in a lifetime opportunity for the masses. Its Bitcoin, Ripple/XRP and Etherium. Those are the big boys. XRP will be as common as saying google.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on June 21, 2019, 07:35:16 PM
Quote from: Wiggs on June 21, 2019, 07:19:56 PM
I'm going to profit largely from it

no, u wont... unless, of course – u r willing to play ball: 'and that no man might buy or sell, save he that had the mark'.. all its going to cost u is eternal hellfire.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 21, 2019, 07:49:11 PM
Quote from: Zillotch on June 21, 2019, 07:35:16 PM
no, u wont... unless, of course – u r willing to play ball: 'and that no man might buy or sell, save he that had the mark'.. all its going to cost u is eternal hellfire.

$10100. That that to your hellfire ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 21, 2019, 08:11:13 PM
Quote from: Wiggs on June 21, 2019, 07:19:56 PM
It is inevitable and I'm going to profit largely from it. I've been into this shit since Silk Road and missed out twice I'm not missing out this time. There's a once in a lifetime opportunity for the masses. Its Bitcoin, Ripple/XRP and Etherium. Those are the big boys. XRP will be as common as saying google.
Yes Ethereum has gone past $300 now. I own most major cryptos except for BTC and LTC. I don't think it matter though they all are going up and down in tandem. If I had traded ETH for BTC when BTC was $3000 I would have gotten little because ETH was $85. You gotta trade when the ratio is favourable. If the ratio of ETH:BTC is 10:1 then I might grab some BTC again.

I do think there is a bigger margin of growth with ETH. For Bitcoin to go from $10,000 - $20,000 will be possible but it is easier for ETH to go from $300-$600 or even $1000. Ethereum also has a lot of upgrades coming and you can see all the major announcements recently on Forbes about Ethereum projects.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Wiggs on June 21, 2019, 08:19:57 PM
Quote from: Zillotch on June 21, 2019, 07:35:16 PM
no, u wont... unless, of course – u r willing to play ball: 'and that no man might buy or sell, save he that had the mark'.. all its going to cost u is eternal hellfire.

Believe me, I've thought this through. I'm sure I'll get rich and at some point during my lifetime I'll have to take the chip or tattoo. I will  not. I lm willing to give it all up. I value my soul more.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 21, 2019, 08:24:50 PM
Quote from: obsidian on June 21, 2019, 08:11:13 PM
Yes Ethereum has gone past $300 now. I own most major cryptos except for BTC and LTC. I don't think it matter though they all are going up and down in tandem. If I had traded ETH for BTC when BTC was $3000 I would have gotten little because ETH was $85. You gotta trade when the ratio is favourable. If the ratio of ETH:BTC is 10:1 then I might grab some BTC again.

I do think there is a bigger margin of growth with ETH. For Bitcoin to go from $10,000 - $20,000 will be possible but it is easier for ETH to go from $300-$600 or even $1000. Ethereum also has a lot of upgrades coming and you can see all the major announcements recently on Forbes about Ethereum projects.

Maybe. On the other hand, we might see the market continue to gravitate towards a single crypto. And if so BTC may very easily be it.

As for you saying it’s harder for BTC to move from 10k to 20k as its “expensive” we will in the future see people talking in denominations of santoshi’s (just like we talk about ounces of gold as opposed to tons).

Right now you can buy 10000 santoshi’s for around $1 USD. So still “cheap” if you want to think about it like that ...


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 21, 2019, 09:10:53 PM
Quote from: gib on June 21, 2019, 08:24:50 PM
Maybe. On the other hand, we might see the market continue to gravitate towards a single crypto. And if so BTC may very easily be it.

As for you saying it’s harder for BTC to move from 10k to 20k as its “expensive” we will in the future see people talking in denominations of santoshi’s (just like we talk about ounces of gold as opposed to tons).

Right now you can buy 10000 santoshi’s for around $1 USD. So still “cheap” if you want to think about it like that ...


That's interesting about Satoshi's.

But I don't think BTC will be the one and only. As a store of value it has purpose. But cryptos are headed for mainstream transactions. BTC is slow and expensive with transactions. Ethereum will move to Proof of Stake instead of Proof of Work in the not too distant future. That will lower the energy consumption by 99% I believe. They are also striving to make it much faster with talks of 1 million transactions per second. Proof of stake will drive up the price of Ethereum because people will have an incentive to hold onto their ETH instead of selling it. This will drive up supply and demand.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 21, 2019, 09:25:13 PM
Quote from: obsidian on June 21, 2019, 09:10:53 PM
That's interesting about Satoshi's.

But I don't think BTC will be the one and only. As a store of value it has purpose. But cryptos are headed for mainstream transactions. BTC is slow and expensive with transactions. Ethereum will move to Proof of Stake instead of Proof of Work in the not too distant future. That will lower the energy consumption by 99% I believe. They are also striving to make it much faster with talks of 1 million transactions per second. Proof of stake will drive up the price of Ethereum because people will have an incentive to hold onto their ETH instead of selling it. This will drive up supply and demand.

Yes quite possible. Although even in terms of transactions we may see a lightening network that operates “off ledger” for BTC and then reconciles daily, for example or a modification of the code to enable faster transactions. Let’s see. Lots of scenarios. I’m keeping it simple and taking a punt on BTC becoming the most desired crypto for store of value.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 22, 2019, 01:01:28 AM
10200
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 22, 2019, 05:35:43 AM
11000
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 22, 2019, 05:53:59 AM
Quote from: Theoak* on June 22, 2019, 05:35:43 AM
11000

Stop it. You r stealing my thunder!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on June 22, 2019, 07:54:43 AM
Serious question for the crypto guys.  At 08:32, the price was 11,045.  At 08:36, the price was 10,328. 

That is a 6.5% loss is 4 minutes.  How does this happen?  Did a whale make a huge sale or something?  Can a large sale drive the price down that much? 

Just trying to learn what causes the massive ups and downs with bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 22, 2019, 08:55:31 AM
Quote from: Twaddle on June 22, 2019, 07:54:43 AM
Serious question for the crypto guys.  At 08:32, the price was 11,045.  At 08:36, the price was 10,328. 

That is a 6.5% loss is 4 minutes.  How does this happen?  Did a whale make a huge sale or something?  Can a large sale drive the price down that much? 

Just trying to learn what causes the massive ups and downs with bitcoin.

Very simple. There is limited supply. Very limited. All existing owner want to hodl. Anyone new wanting in needs to pay a premium. If you believe BTC is going to 100,000 and beyond you don’t care if you r paying 10k or 11k per coin. All you want is in. So you pay whatever it takes.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 22, 2019, 08:56:07 AM
Oh and 10300...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on June 22, 2019, 08:59:52 AM
Quote from: gib on June 22, 2019, 08:55:31 AM
Very simple. There is limited supply. Very limited. All existing owner want to hodl. Anyone new wanting in needs to pay a premium. If you believe BTC is going to 100,000 and beyond you don’t care if you r paying 10k or 11k per coin. All you want is in. So you pay whatever it takes.

That didn't answer my question at all.  I'll ask again.  What causes Bitcoin to lose 6.5% of it's value in 4 minutes?  Then, it starts going right back up.  You don't see these fluctuations in the rest of the stock market.   ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 22, 2019, 09:49:25 PM
We would need to look at volumes to know if it was a whale. BTC can also move up on very low volume. If sellers dry up and collectively hodl prices can rocket on any demand.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on June 23, 2019, 12:38:30 PM
so I've cracked and decided to get in for the bullrun

I'm thinking of putting 2k gbp into ethereum and 2k gbp into bitcoin cash as they seem far away from their peaks during the last bullrun (whereas bitcoin is about 60% there)

what do our residential financial analysts think of these two choices?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: denarii on June 23, 2019, 02:14:19 PM
its gone up same as gold due to chinese capital flight, thats all
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 23, 2019, 05:02:34 PM
Quote from: a_pupil on June 23, 2019, 12:38:30 PM
so I've cracked and decided to get in for the bullrun

I'm thinking of putting 2k gbp into ethereum and 2k gbp into bitcoin cash as they seem far away from their peaks during the last bullrun (whereas bitcoin is about 60% there)

what do our residential financial analysts think of these two choices?

This time around you might see more of a move to a single or a smaller group of crypto’s. Many of those that rose last time may fall away by the wayside. I would suggest BTC as your “base”. A few other 2nd tier crypto’s like ETH and BCH probably OK. And stay away from anything outside top 10 in market cap. That’s just me - I’m a conservative dude.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 23, 2019, 07:07:28 PM
Quote from: denarii on June 23, 2019, 02:14:19 PM
its gone up same as gold due to chinese capital flight, thats all

Simple as that huh? :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on June 23, 2019, 07:08:53 PM
what does HODL mean?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IronMagazine.com on June 23, 2019, 08:55:18 PM
Quote from: denarii on June 23, 2019, 02:14:19 PM
its gone up same as gold due to chinese capital flight, thats all

source?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 23, 2019, 10:32:40 PM
Quote from: LurkerNoMore on June 23, 2019, 07:08:53 PM
what does HODL mean?

Hold on for dear life
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 23, 2019, 11:02:33 PM
Quote from: denarii on June 23, 2019, 02:14:19 PM
its gone up same as gold due to chinese capital flight, thats all

This is likely part of the reason. But its a huge oversimplification to provided this as "the reason". But yes, Chinese (among others who want to move capital) are making use of BTC as a digital and virtual storage and/or a means to transfer wealth into other locations. (Not only China by the way - demand for these reasons is coming from people many countries).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 24, 2019, 06:00:53 PM
Bump to 10400.

11K in reach.

Where are you Mr Anabolic???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 24, 2019, 10:11:40 PM
Make that 10.5K ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 25, 2019, 03:25:40 AM
Actually it is $11,351.40 right now on coinmarketcap. I notice some exchanges show a lower amount. But Coinbase is also listing it over $11,000.

Ethereum now at $313.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 25, 2019, 04:10:30 AM
Quote from: obsidian on June 25, 2019, 03:25:40 AM
Actually it is $11,351.40 right now on coinmarketcap. I notice some exchanges show a lower amount. But Coinbase is also listing it over $11,000.

Ethereum now at $313.

Ok. I’ll give you 10.6. (I work off a 30 day moving average). Also I am saving ammo in case need for any retort to Mr Anabolic (who has gone into hiding after being owned...)

The way things are moving we could see 15000 very quickly.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: oldtimer1 on June 25, 2019, 04:48:09 AM
Ever wonder if it could go down to zero in a day?  Since many consider it a Ponzi scheme it could crash to valueless if you don't get out in time. More than a few countries are outlawing it and some countries out law any tie to legitimate banking. I admit I don't understand how value is assigned to nothing that has legitimate backing. Change my mind. Inform me because I don't get it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: mazrim on June 25, 2019, 04:55:15 AM
Quote from: gib on June 25, 2019, 04:10:30 AM
Ok. I’ll give you 10.6. (I work off a 30 day moving average). Also I am saving ammo in case need for any retort to Mr Anabolic (who has gone into hiding after being owned...)

The way things are moving we could see 15000 very quickly.
I would think to "own" him you would actually have to stand by what you are saying this time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on June 25, 2019, 05:34:00 AM
Quote from: oldtimer1 on June 25, 2019, 04:48:09 AM
Ever wonder if it could go down to zero in a day?  Since many consider it a Ponzi scheme it could crash to valueless if you don't get out in time. More than a few countries are outlawing it and some countries out law any tie to legitimate banking. I admit I don't understand how value is assigned to nothing that has legitimate backing. Change my mind. Inform me because I don't get it.

it doesn't make sense but it's a good opportunity to make some quick cash. I only put in a few 1000 though, I wouldn't invest too much into it.

Once my money goes up 3-5 times I'm out till the next dip.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 25, 2019, 06:05:55 AM
Quote from: oldtimer1 on June 25, 2019, 04:48:09 AM
I don't understand how value is assigned to nothing that has legitimate backing. Change my mind. Inform me because I don't get it.

I have explained this before. In a nutshell people can agree on anything to have a value and to be used as a means of exchange. Gold for example. Sea shells. Bones. Feathers. You name it. Please read the whole thread as I have explained this in detail.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 25, 2019, 06:07:17 AM
Quote from: mazrim on June 25, 2019, 04:55:15 AM
I would think to "own" him you would actually have to stand by what you are saying this time.

I stand by everything I have said in this thread. What parts do you think I don’t stand by?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: The RedMeatKid on June 25, 2019, 06:15:09 AM
Quote from: gib on June 25, 2019, 06:05:55 AM
I have explained this before. In a nutshell people can agree on anything to have a value and to be used as a means of exchange. Gold for example. Sea shells. Bones. Feathers. You name it. Please read the whole thread as I have explained this in detail.
Gold value is not based on people agreeing to it's value. Sea shells and bones? Where are those cultures today?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 25, 2019, 06:57:38 AM
Quote from: The RedMeatKid on June 25, 2019, 06:15:09 AM
Gold value is not based on people agreeing to it's value. Sea shells and bones? Where are those cultures today?

The value of gold is ENTIRELY based only on what others are prepared to pay for it. Gold is inherently speculative as it provides no yield therefore cannot be valued. It’s very important to understand this concept - it’s fundamental to value investing and the reason why people like myself and Buffet do not invest in gold (or bitcoins for that matter). The value of such assets cannot be measured.

If a lump of gold or bitcoin goes to zero - tough luck. On the other hand if a stock goes to zero (but continues to make money) load up then truck and buy more...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on June 25, 2019, 08:56:45 AM
Fellow getbig financial powerhouses need to get in for the potential bullrun

Trips to dubai, india don't fund themselves
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: mazrim on June 25, 2019, 04:39:52 PM
Quote from: gib on June 25, 2019, 06:07:17 AM
I stand by everything I have said in this thread. What parts do you think I don’t stand by?
The whole beginning part of this thread where you were talking it up then sold it when it was dropping. If you believed what you said in the beginning, you would never have sold. Then you claimed that you were just talking it up, etc.

Now you are back to talking it up again, so time will tell if you are following through this time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 25, 2019, 05:11:08 PM
Quote from: mazrim on June 25, 2019, 04:39:52 PM
The whole beginning part of this thread where you were talking it up then sold it when it was dropping. If you believed what you said in the beginning, you would never have sold. Then you claimed that you were just talking it up, etc.

Now you are back to talking it up again, so time will tell if you are following through this time.

Well yes I was “talking it up” I guess, but throughout I explained that the price was impossible to predict. I also explained that I was buying because I saw a trend, not because of any “inherent value”. I also spent a lot of time debunking incorrect statements from Mr A.

When I sold (making a huge gain) I declared for all to see. (And when I re- bought I also documented that).

What I do think is clear now is that BTC is here to stay. Is unlikely this rebound is a “dead cat bounce”. How high could it go? Sky’s the limit. But it could also go to zero (just like gold by the way, or any other non-income producing method of exchange). I would suggest having a small % of wealth allocated to BTC for a a range of reasons - it’s basically a hedge against a possible future where there is a loss of confidence in governments and government issues paper money. We may well get to the point where most millionaires hodl at least on one coin, let alone the masses, and let alone governments and institutions who may buy massive amounts. Let’s see!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 25, 2019, 05:11:58 PM
Oh and 10,700
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 25, 2019, 05:14:28 PM
$10,800...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 25, 2019, 08:18:30 PM
$10900
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 25, 2019, 08:19:38 PM
Make that $11,000 :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 25, 2019, 08:33:39 PM
Quote from: gib on June 25, 2019, 08:19:38 PM
Make that $11,000 :)
Your prices are low. Right now Bitcoin is $12,000 on Coinbase and Ethereum $325.

Both Bitcoin and Ethereum are up close to 400% since December 2018. Bitcoin has been doing really well the past few weeks and closed the gap in price rise relative to Ethereum. If Ethereum gets past $380 and on to $400 many analysts believe it is going all the way to $900. We'll see how this bull run shapes up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 25, 2019, 08:38:51 PM
Quote from: mazrim on June 25, 2019, 04:39:52 PM
The whole beginning part of this thread where you were talking it up then sold it when it was dropping. If you believed what you said in the beginning, you would never have sold. Then you claimed that you were just talking it up, etc.

Now you are back to talking it up again, so time will tell if you are following through this time.
Hey I'll be the first to admit he was smart selling at 15k. He held Bitcoin till 19.5k and then when it started dropping held on a little until it hit around 15k I believe and then sold. Myself - I never sold. I held onto it and saw it go down all the way to the bottom. But my approach has been that any money invested in cryptos is a gamble and to be written off from the start. It could all go to zero. Or up by a lot. If I lose it all I don't care. That mindset prepares you for the worse and allows you to hold on and not sell at the bottom. The tricky part is selling at the top and not let greed prevent you from ever cashing out a bit. That's where Gibs had the sense to make the call. This thread can be useful to Getbiggers. We can all decide when to cash out  a little and compare notes.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 25, 2019, 08:50:03 PM
Quote from: obsidian on June 25, 2019, 08:33:39 PM
Your prices are low. Right now Bitcoin is $12,000 on Coinbase and Ethereum $325.

Both Bitcoin and Ethereum are up close to 400% since December 2018. Bitcoin has been doing really well the past few weeks and closed the gap in price rise relative to Ethereum. If Ethereum gets past $380 and on to $400 many analysts believe it is going all the way to $900. We'll see how this bull run shapes up.

I’m a conservative dude. With a volatile asset like BTC I take a 30 day moving average. Also I like to have ammo so that I can respond to any post with a number higher than the last. (A little quirk of mine I developed in my battles with Mr A).

Oh and ok and ...

$11,100
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 25, 2019, 08:55:22 PM
Quote from: obsidian on June 25, 2019, 08:38:51 PM
Hey I'll be the first to admit he was smart selling at 15k. He held Bitcoin till 19.5k and then when it started dropping held on a little until it hit around 15k I believe and then sold. Myself - I never sold. I held onto it and saw it go down all the way to the bottom. But my approach has been that any money invested in cryptos is a gamble and to be written off from the start. It could all go to zero. Or up by a lot. If I lose it all I don't care. That mindset prepares you for the worse and allows you to hold on and not sell at the bottom. The tricky part is selling at the top and not let greed prevent you from ever cashing out a bit. That's where Gibs had the sense to make the call. This thread can be useful to Getbiggers. We can all decide when to cash out  a little and compare notes.

Thanks :) Yeah, well for some its a mentally tough decision to realize a loss, even on a gain. This is because mentally, acceptance of a lowered value takes time, (disbelief, anger, denial, acceptance etc) - I have many friends who hodled all the way down (but they are all feeling a lot better now seeking things pick back up). I was, overall happy with the call. I also didn't get back in at the exact bottom, but did start buying after we went back from 3500 to 5000. This time around, at this stage, I do plan to really just hodl long term. If I do take any gains, I'll post it here. But I don't think I will sell even at the 50K or 100K mark this time around...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 25, 2019, 10:07:01 PM
$11,200
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 26, 2019, 12:01:14 AM
11.3k

BTC on fire!!! 🔥
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 26, 2019, 04:37:14 AM
11.4k
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 26, 2019, 06:08:23 AM
11.5k. Wow!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 26, 2019, 06:09:01 AM
11.6
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 26, 2019, 07:41:44 AM
11.7

Damn there must be some rich getbiggers out there now ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 26, 2019, 07:57:58 AM
Quote from: gib on June 26, 2019, 07:41:44 AM
11.7

Damn there must be some rich getbiggers out there now ...

Define rich..... 5, 10 , 15 mill?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 26, 2019, 09:07:17 AM
Never forget Mr Anabolic ...

https://www.ccn.com/crypto/bitcoin-price-break-50000-or-100000-2019/2019/06/26/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 26, 2019, 09:09:53 AM
Quote from: Theoak* on June 26, 2019, 07:57:58 AM
Define rich..... 5, 10 , 15 mill?

It’s all relative, and personal. To me it means having more than enough to live a comfortable life for the rest of your life, without having the need to work.

For some people this is 1m. Others 5m. Others 10m.

Would be interested to know what people’s “number” on this topic is.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 26, 2019, 06:10:29 PM
11.8k
11.9k
$12,000

Wiggs and other getbigger visionaries getting richer by the hour!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: wave_length on June 27, 2019, 11:10:48 AM
Quote from: gib on June 26, 2019, 09:09:53 AM
It’s all relative, and personal. To me it means having more than enough to live a comfortable life for the rest of your life, without having the need to work.

For some people this is 1m. Others 5m. Others 10m.

Would be interested to know what people’s “number” on this topic is.

For me it‘s 5m. With that amount I can live very comfortably with my family in one of the best cities of the world. With less I would have to invest with too much risk.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: manuelsonn on June 27, 2019, 12:10:03 PM
hei gib, how much is a blipcoin you piece of shit?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 27, 2019, 03:30:09 PM
Quote from: wave_length on June 27, 2019, 11:10:48 AM
For me it‘s 5m. With that amount I can live very comfortably with my family in one of the best cities of the world. With less I would have to invest with too much risk.

That’s great. Does that include value of home? Or is that value of investments outside of own home?

And living off investment income from the 5m? Or consuming the 5m over time?

For me I can’t bring myself to actually consume capital. Always focussed on living of investment income and at the same time growing the underlying capital.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 27, 2019, 03:31:47 PM
Quote from: manuelsonn on June 27, 2019, 12:10:03 PM
hei gib, how much is a blipcoin you piece of shit?

Welcome back Mr A!

The answer to your question is “as much as someone else is willing to pay for it”. Hope that helps :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: wave_length on June 27, 2019, 05:24:16 PM
Quote from: gib on June 27, 2019, 03:30:09 PM
That’s great. Does that include value of home? Or is that value of investments outside of own home?

And living off investment income from the 5m? Or consuming the 5m over time?

For me I can’t bring myself to actually consume capital. Always focussed on living of investment income and at the same time growing the underlying capital.

Including home. No consuming, inflation corrected.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Wiggs on June 27, 2019, 08:03:17 PM
There's going to be alot of weak hands shaken and spirits broken with the ebb and flow of the market. I have diamond hands. When it dips, I buy more. I'm not in this for the short term and that's where many are broken. XRP is king and obviously being manipulated and I will buy, buy, buy. BTC is needed for now. But XRP will be king. In the mean time, crypto enthusiasts should want BTC to do well because until something else replaces it, it controls the market. Crypto is here to stay and these are once in a couple lifetime opportunities for the common man. The last time a new asset class was introduced was the late 1600s in bonds. HODL not matter what.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 27, 2019, 11:22:23 PM
Quote from: wave_length on June 27, 2019, 05:24:16 PM
Including home. No consuming, inflation corrected.

Nice! So the 5m earning what kind of a yield? 200-250K or so? What you have it invested in, if I may ask?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Competitor on June 27, 2019, 11:34:16 PM
Is the bull market still alive and well?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: wave_length on June 28, 2019, 12:37:13 AM
Quote from: gib on June 27, 2019, 11:22:23 PM
Nice! So the 5m earning what kind of a yield? 200-250K or so? What you have it invested in, if I may ask?

The 5m came from a high-tech company I co-founded 20 years ago and sold four years ago. Now invested in rentals, ETFs, crypto, art, some cash.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 28, 2019, 01:42:06 AM
Quote from: gib on June 26, 2019, 09:09:53 AM
It’s all relative, and personal. To me it means having more than enough to live a comfortable life for the rest of your life, without having the need to work.

For some people this is 1m. Others 5m. Others 10m.

Would be interested to know what people’s “number” on this topic is.

I’m guessing based off previous posts you would be in the 10-15m range. I base this off your earlier comment to wave length at 5m you would yield 200-250 a year income. I believe you’ve stated  previously 500k yearly income?

Of course it’s all personal and I’m having a fun guess while enjoying a mini bull market.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 28, 2019, 03:58:34 AM
Quote from: Theoak* on June 28, 2019, 01:42:06 AM
I’m guessing based off previous posts you would be in the 10-15m range. I base this off your earlier comment to wave length at 5m you would yield 200-250 a year income. I believe you’ve stated  previously 500k yearly income?

Of course it’s all personal and I’m having a fun guess while enjoying a mini bull market.

Yes pretty close. Around 20m. Yielding around 800k a year. Privileged position but have worked hard for it and very aware how easily it could be lost. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 28, 2019, 04:34:47 AM
Quote from: gib on June 28, 2019, 03:58:34 AM
Yes pretty close. Around 20m. Yielding around 800k a year. Privileged position but have worked hard for it and very aware how easily it could be lost. 

It resonates through your posts, hopefully bitcoin can add a few million on top.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 28, 2019, 05:22:42 AM
Quote from: Theoak* on June 28, 2019, 04:34:47 AM
It resonates through your posts, hopefully bitcoin can add a few million on top.

Cool. Yeah so get it. Some think I’m full of shit. I’ve tried to explain before to the “haters” that my wealth etc is really quite irrelevant to the actual points I am making on this thread.

BTC is really just a “just in case” type investment for me. Very portable globally. Can be accessed anywhere. Highly divisible (as opposed to chunks of gold). And yeah who knows - would be nice to be holding a few if prices go to 100k and beyond ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on June 28, 2019, 05:24:34 AM
a lot of LARPing going on here lmao.

I believe wavelength though, he comes across as a sophisticated, intelligent gentleman.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: wave_length on June 28, 2019, 09:07:30 AM
Quote from: a_pupil on June 28, 2019, 05:24:34 AM
a lot of LARPing going on here lmao.

I believe wavelength though, he comes across as a sophisticated, intelligent gentleman.

LOL thanks man. I don‘t care if anyone believes me, it‘s irrelevant to the discussion anyway.
I’m also aware that I have been very lucky, the most important factor for financial success IMO.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: wave_length on June 28, 2019, 09:10:46 AM
Quote from: gib on June 28, 2019, 03:58:34 AM
Yes pretty close. Around 20m. Yielding around 800k a year. Privileged position but have worked hard for it and very aware how easily it could be lost.

How did you make your 20m? Was it steady investing or did (part of) it come from somewhere else? Sorry if this question was already answered previously.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: wave_length on June 28, 2019, 09:14:46 AM
Quote from: gib on June 28, 2019, 05:22:42 AM
BTC is really just a “just in case” type investment for me. Very portable globally. Can be accessed anywhere. Highly divisible (as opposed to chunks of gold). And yeah who knows - would be nice to be holding a few if prices go to 100k and beyond ...

That‘s what I thought too. Plus I understand the tech since I have been dealing with encryption when I was still working.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 28, 2019, 10:35:19 AM
Can anyone chime in and give their opinion on XRP?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 28, 2019, 10:44:45 AM
Quote from: wave_length on June 28, 2019, 09:10:46 AM
How did you make your 20m? Was it steady investing or did (part of) it come from somewhere else? Sorry if this question was already answered previously.

Not much luck in my case. Hard work and then investing every dollar wisely. Also getting cheep finance. And being prepared to invest big during times of very negative sentiment. Repeat over various cycles and also get out peaks. Initially primarily property. Now more and more transitioned to stocks.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 28, 2019, 10:48:15 AM
Quote from: Bindare_Dundat on June 28, 2019, 10:35:19 AM
Can anyone chime in and give their opinion on XRP?

Me personally not convinced on xrp. My crypto friends are split around 50/50 on xrp - some big fans some not. But most seem to be increasingly weighted away from alts and more focussed on BTC. I wonder if banks won’t simply have their own tokenised method to fx. Then why use rxp.

Wiggs is a big fan though.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 28, 2019, 10:55:24 AM
Quote from: a_pupil on June 28, 2019, 05:24:34 AM
a lot of LARPing going on here lmao.

I believe wavelength though, he comes across as a sophisticated, intelligent gentleman.

Lol it really is all relative. I have many friends in the 5-10m range. Some in the 100m and 3 in the billion. And believe it or not I also have friends who are manual workers, stacking items in shelves or working on building sites. I would say though all the 100m+’ones are family money. Mine is less but self made and started with absolutely nothing (dirt poor, same set of clothes for the whole year etc).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: wave_length on June 28, 2019, 11:05:31 AM
Quote from: gib on June 28, 2019, 10:44:45 AM
Not much luck in my case. Hard work and then investing every dollar wisely. Also getting cheep finance. And being prepared to invest big during times of very negative sentiment. Repeat over various cycles and also get out peaks. Initially primarily property. Now more and more transitioned to stocks.

Thanks for the answer. And don‘t get me wrong, I know it‘s hard work. If you start from zero (which I also did), you need all the mental tools for success. But still, I know many guys who worked just as hard, were just as determined and clever and still got nowhere. You need a certain amount of luck in your life to make it from zero to financial freedom IMO.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 28, 2019, 03:37:26 PM
Quote from: gib on June 28, 2019, 10:48:15 AM
Me personally not convinced on xrp. My crypto friends are split around 50/50 on xrp. I wonder if banks won’t simply have their own tokenised method to fx. Then why use rxp.

Wiggs is a big fan though.

thanks. appreciate the response.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 28, 2019, 05:25:30 PM
Quote from: manuelsonn on June 27, 2019, 12:10:03 PM
hei gib, how much is a blipcoin you piece of shit?
See my earlier response.

Oh, and $12,100 ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 28, 2019, 06:04:01 PM
Quote from: wave_length on June 28, 2019, 11:05:31 AM
Thanks for the answer. And don‘t get me wrong, I know it‘s hard work. If you start from zero (which I also did), you need all the mental tools for success. But still, I know many guys who worked just as hard, were just as determined and clever and still got nowhere. You need a certain amount of luck in your life to make it from zero to financial freedom IMO.

You are welcome. Yes I’ve thought about the element of luck in the past. Even warren buffet acknowledges he was lucky to born in the US, as a white male, with a good brain. So yeah, if I had been born in India or Africa would I have been as “successful”’(or “rich” if that’s your measure of success)? Probably not. Also on the other hand possibly I might have been even richer! Hard to know. What about if I had been born not as a human but as a cow to be reared for slaughter. Or a homeless dog. One can get quite philosophical...

So perhaps whilst my overall circumstances were somewhat “lucky”, its true others also work very hard but have “much less to show for it”. For me what has been key is the discipline to save. I started saving literally from age 5 with a piggy bank. I bought my first stock at 9 (dragged my mother to the broakerage and asked her to help me open an account). Im not really into those “self help books” but I read Rich Dad poor Dad out of interest a while ago and found it summarizes all the basics of how I think.

But the single biggest factor has been learning how to value an investment. Learned the basics with property (initial investment, income minus cost of loan and other expenses etc) and then over time graduated to stocks, first just looking at key financial metrics but now reading entire quarterly reports and any relevant announcements. I think seeking value and seeking opportunities is now hardwired into me. Oh and another thing - avoiding losing money- learning how to avoid people who want to borrow from you, scammers, people seeking business investments, “financial advisors”’ etc. Buffet rule number 1 - dont lose your underlying capital.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: cephissus on June 28, 2019, 08:13:47 PM
Quote from: gib on June 28, 2019, 10:44:45 AM
Not much luck in my case. Hard work and then investing every dollar wisely. Also getting cheep finance. And being prepared to invest big during times of very negative sentiment. Repeat over various cycles and also get out peaks. Initially primarily property. Now more and more transitioned to stocks.

I never had any interest in money until realizing I couldn't survive in the corporate world. Im trying to get started in real estate with 150k. I've been reading up, but the information is endless. My first thought is to flip houses, build up a bit more capital, and then transition to rentals (or maybe REITs?).

Cheap properties near me are mostly around 300k. I can buy manufactured homes for 50-80k, but I haven't looked into whether those things can be flipped yet. Since I don't have a job, I doubt I can get a mortgage so that leaves auctions, maybe? Someone in my family with lots of experience is willing to help me learn how to flip, but I need to make the initial deal.

Any tips?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on July 02, 2019, 02:37:56 AM
Dipping hard.

Let's hope this is a quick precursor to a bullrun.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on July 02, 2019, 02:49:14 AM
Quote from: cephissus on June 28, 2019, 08:13:47 PM
I never had any interest in money until realizing I couldn't survive in the corporate world. Im trying to get started in real estate with 150k. I've been reading up, but the information is endless. My first thought is to flip houses, build up a bit more capital, and then transition to rentals (or maybe REITs?).

Cheap properties near me are mostly around 300k. I can buy manufactured homes for 50-80k, but I haven't looked into whether those things can be flipped yet. Since I don't have a job, I doubt I can get a mortgage so that leaves auctions, maybe? Someone in my family with lots of experience is willing to help me learn how to flip, but I need to make the initial deal.

Any tips?

why can't you survive in the corporate world?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on July 02, 2019, 03:07:05 AM
Quote from: FitnessFrenzy on July 02, 2019, 02:49:14 AM
why can't you survive in the corporate world?

He probably isnt a sheep, having to go in and basically put on an act day after day, week after week, year after year just isnt easy for genuine people who hate falseness, ass kissing etc, I hated it, best thing i ever did was get out.Those people are much better following the entrepreneurial road.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on July 02, 2019, 03:36:58 AM
Quote from: FitnessFrenzy on July 02, 2019, 02:49:14 AM
why can't you survive in the corporate world?

I was gonna make the same question. :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on July 02, 2019, 03:43:59 AM
Quote from: Army of One on July 02, 2019, 03:07:05 AM
He probably isnt a sheep, having to go in and basically put on an act day after day, week after week, year after year just isnt easy for genuine people who hate falseness, ass kissing etc, I hated it, best thing i ever did was get out.Those people are much better following the entrepreneurial road.

Why would you need to put on an act day after day? Were you on sales? Not everyone is suited for that kind of job.

I don't agree that going entrepenurial would be better. There's probably as much ass kissing (if not more) in the entrepreneurial world than in a business.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on July 02, 2019, 04:22:00 AM
the best thing to do is build up a business while your working. Find something you're good at/are interested in so it doesn't feel like a chore.

but business isn't plain-sailing like how these self-help gurus make it seem.

I've recently been looking at the rich dad poor dad author, he's a pure fraud lmao. he made most of his money from the book and connected self-help seminars.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on July 02, 2019, 04:48:45 AM
Quote from: el numero uno on July 02, 2019, 03:43:59 AM
Why would you need to put on an act day after day? Were you on sales? Not everyone is suited for that kind of job.

I don't agree that going entrepenurial would be better. There's probably as much ass kissing (if not more) in the entrepreneurial world than in a business.

Come on dude, the whole corporate environment is an act.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on July 02, 2019, 05:51:31 AM
Quote from: cephissus on June 28, 2019, 08:13:47 PM
I never had any interest in money until realizing I couldn't survive in the corporate world. Im trying to get started in real estate with 150k. I've been reading up, but the information is endless. My first thought is to flip houses, build up a bit more capital, and then transition to rentals (or maybe REITs?).

Cheap properties near me are mostly around 300k. I can buy manufactured homes for 50-80k, but I haven't looked into whether those things can be flipped yet. Since I don't have a job, I doubt I can get a mortgage so that leaves auctions, maybe? Someone in my family with lots of experience is willing to help me learn how to flip, but I need to make the initial deal.

Any tips?

I’m not sure where  you are situated or market, however 2 years ago I relocated 2 weatherboard homes onto vacant land in a cheap area.
Approach people who are looking to knock down their old homes and offer them next to nothing to take it of their hands, provided it’s on stumps and weatherboard.
Most times you can get a house for under 10k or even free if you’re lucky. Relocated the house onto land purchased, set some money aside for renovations and you could come out with a hefty profit margin if you pay attention to costs and market.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: el numero uno on July 02, 2019, 05:52:14 AM
Quote from: Army of One on July 02, 2019, 04:48:45 AM
Come on dude, the whole corporate environment is an act.

I just don't see it like that.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on July 02, 2019, 08:55:15 AM
has gib bailed already  ;D

no posts or price updates for 3-4 days  ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Fallsview on July 02, 2019, 08:59:13 AM
Goodmorrow,

I tried using bitcoins at Target and they didn't accept them. Totally worthless in my opinion.



STAY POSITIVE!!!!!!!!!!!!!!!!!!!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on July 02, 2019, 09:08:54 AM
Quote from: Fallsview on July 02, 2019, 08:59:13 AM
Goodmorrow,

I tried using bitcoins at Target and they didn't accept them. Totally worthless in my opinion.



STAY POSITIVE!!!!!!!!!!!!!!!!!!!!!

you just don't understand the tech bro.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on July 02, 2019, 09:16:52 AM
Quote from: a_pupil on July 02, 2019, 08:55:15 AM
has gib bailed already  ;D

no posts or price updates for 3-4 days  ???

He only posts when it goes up.  Never when it goes down.  Hope this helps.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: cephissus on July 03, 2019, 06:59:26 PM
Quote from: FitnessFrenzy on July 02, 2019, 02:49:14 AM
why can't you survive in the corporate world?

Im probably just too proud to change. The shit I saw at Amazon was sickening. I don't want to become the kind of person who is happy to make that wheel spin round. I don't even know if it's possible.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: cephissus on July 03, 2019, 07:01:03 PM
Quote from: Theoak* on July 02, 2019, 05:51:31 AM
I’m not sure where  you are situated or market, however 2 years ago I relocated 2 weatherboard homes onto vacant land in a cheap area.
Approach people who are looking to knock down their old homes and offer them next to nothing to take it of their hands, provided it’s on stumps and weatherboard.
Most times you can get a house for under 10k or even free if you’re lucky. Relocated the house onto land purchased, set some money aside for renovations and you could come out with a hefty profit margin if you pay attention to costs and market.

Oh damn, I never considered relocating the home  what kind of ROI did you get doing that?

Great idea, thanks!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 03, 2019, 08:47:35 PM
Quote from: cephissus on June 28, 2019, 08:13:47 PM
I never had any interest in money until realizing I couldn't survive in the corporate world. Im trying to get started in real estate with 150k. I've been reading up, but the information is endless. My first thought is to flip houses, build up a bit more capital, and then transition to rentals (or maybe REITs?).

Cheap properties near me are mostly around 300k. I can buy manufactured homes for 50-80k, but I haven't looked into whether those things can be flipped yet. Since I don't have a job, I doubt I can get a mortgage so that leaves auctions, maybe? Someone in my family with lots of experience is willing to help me learn how to flip, but I need to make the initial deal.

Any tips?

I think for now, REITS are a good place for your money. Flipping/renno etc easier said than done.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 03, 2019, 08:49:41 PM
Quote from: a_pupil on July 02, 2019, 02:37:56 AM
Dipping hard.

Let's hope this is a quick precursor to a bullrun.

It may well be. I'm not really a chartist, but lots of comments out there about finding a new base etc. Also some speculation of whales "bringing down the market a bit" so as to broaden the base of new investors able to come in etc. Who knows. For me its really an "all or nothing" hedge bet on a range of possible future scenarios.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 03, 2019, 08:52:33 PM
Quote from: a_pupil on July 02, 2019, 08:55:15 AM
has gib bailed already  ;D

no posts or price updates for 3-4 days  ???

I'm here and am back. Was on a remote island on a surf trip. Poor connectivity, and when I did connect I found the Government (in the country I was in) had actually blocked GetBig due to concerns about inappropriate content lol! (Ron - if you want to know the country PM me and I'll reply).

BTB been on a bit of a roller coaster last week...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 03, 2019, 08:53:25 PM
Quote from: Fallsview on July 02, 2019, 08:59:13 AM
Goodmorrow,

I tried using bitcoins at Target and they didn't accept them. Totally worthless in my opinion.



STAY POSITIVE!!!!!!!!!!!!!!!!!!!!!

Next time, try walking in and offer to pay with a 1kg gold bar, and see how that goes...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on July 04, 2019, 06:52:29 AM
Quote from: gib on July 03, 2019, 08:52:33 PM
I'm here and am back. Was on a remote island on a surf trip. Poor connectivity, and when I did connect I found the Government (in the country I was in) had actually blocked GetBig due to concerns about inappropriate content lol! (Ron - if you want to know the country PM me and I'll reply).

BTB been on a bit of a roller coaster last week...

 ;D

It's getting back on track now. Plenty room for more growth and profit I think.

I'm hoping bitcoin cash and ethereum moon soon.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 09, 2019, 08:13:53 PM
Bumping to $12.200 30 day moving average of crypto peace ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on July 10, 2019, 02:23:22 AM
this ponzi scheme still going ? wait till the whales start dumping , they already lost out last time . . .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on July 10, 2019, 04:21:54 AM
$ 13.002
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 10, 2019, 05:09:32 AM
Quote from: DooM_ on July 10, 2019, 02:23:22 AM
this ponzi scheme still going ? wait till the whales start dumping , they already lost out last time . . .

Why would whales dump? They want price to go up and are actually accumulating. Only reason to dump has been to spook the market into a sell off to enable them to accumulate more.

If you believe one of the long term possible scenarios, in the future anyone who holds a single bit coin would be rich and protected for life. If holding more then could be rich beyond belief. Not saying it will happen, but it could. Which is why it makes sense to at least hold some santoshies. Whatever you accumulate now could be worth years of spending power in the future..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 10, 2019, 12:08:18 PM
Quote from: gib on July 10, 2019, 05:09:32 AM
Why would whales dump? They want price to go up and are actually accumulating. Only reason to dump has been to spook the market into a sell off to enable them to accumulate more.

If you believe one of the long term possible scenarios, in the future anyone who holds a single bit coin would be rich and protected for life. If holding more then could be rich beyond belief. Not saying it will happen, but it could. Which is why it makes sense to at least hold some santoshies. Whatever you accumulate now could be worth years of spending power in the future..
Only thing with this is the whales need other people to also own Bitcoin. What's the point if they are the only ones who have it? Then it becomes useless. If you have a currency and own 99% of it it is worthless to the rest of the world. So the whales would be smart to not accumulate too much otherwise they will kill it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 10, 2019, 12:10:26 PM
^^^^^^^
And maybe the bankers become whales - because they want to kill Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 10, 2019, 04:09:07 PM
Quote from: obsidian on July 10, 2019, 12:10:26 PM
^^^^^^^
And maybe the bankers become whales - because they want to kill Bitcoin.

Bitcoin cannot be killed. So bankers, being bankers, need to find ways to profit from it. Which they are doing. Almost anyone in the banking and finance industry already owns some personally. That should tell u something...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on July 12, 2019, 03:10:08 PM
Quote from: jr on July 11, 2019, 05:34:12 PM
(https://i.ibb.co/nRZ2HPx/trump.jpg)

https://twitter.com/realDonaldTrump/status/1149472282584072192 (https://twitter.com/realDonaldTrump/status/1149472282584072192)

trump's just trying to cause a dip so he can mass buy.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tres_taco_combo on July 12, 2019, 07:11:36 PM
Quote from: a_pupil on July 12, 2019, 03:10:08 PM
trump's just trying to cause a dip so he can mass buy.

lol! that would iconic in a typical NYC businessman move  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 12, 2019, 07:31:13 PM
Fed Chair Says Bitcoin Is Digital Gold

https://www.ccn.com/news/fed-chair-suggests-bitcoin-is-golds-biggest-competition/2019/07/11/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Wiggs on July 13, 2019, 06:35:26 AM
Quote from: a_pupil on July 12, 2019, 03:10:08 PM
trump's just trying to cause a dip so he can mass buy.

lol...He'd do some bs like this.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on October 12, 2019, 12:00:39 PM
https://www.zerohedge.com/crypto/irs-adds-question-crypto-usage-new-income-tax-form-draft


This is the kind of question they add when they already know the answer. So much for all those anonymous millionaires.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on October 13, 2019, 09:06:18 AM
value of bitcoin now $ 8300 . . .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on October 13, 2019, 09:07:49 AM
Quote from: DooM_ on October 13, 2019, 09:06:18 AM
value of bitcoin now $ 8300 . . .

Is that good or bad?   ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tres_taco_combo on October 13, 2019, 09:34:16 AM
Quote from: Twaddle on October 13, 2019, 09:07:49 AM
Is that good or bad?   ???

it peaked around $20k in jan 2018
it peaked around $10k this year

I see Ripple is around .27 cents these year
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on October 13, 2019, 10:40:08 AM
Quote from: tres_taco_combo on October 13, 2019, 09:34:16 AM
it peaked around $20k in jan 2018
it peaked around $10k this year

I see Ripple is around .27 cents these year

Is now a good time to invest?   ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on October 13, 2019, 11:33:15 AM
I still can’t believe this shit is at $10k.  I could have had it when under a dollar.  Oh well. Fuck it. Coulda, shoulda, woulda
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tres_taco_combo on October 13, 2019, 02:32:35 PM
Quote from: Twaddle on October 13, 2019, 10:40:08 AM
Is now a good time to invest?   ???

no idea
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on October 13, 2019, 10:59:23 PM
irs will ask if you have or deal in cryptocurrency in new tax return forms . . .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on October 14, 2019, 02:33:21 AM
There's a feeling of a bullrun in the air.

I hope so anyway  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on October 14, 2019, 07:07:57 AM
Quote from: a_pupil on October 14, 2019, 02:33:21 AM
There's a feeling of a bullrun in the air.

I hope so anyway  ;D



Whenever I see posts like this it just feels about the same as being behind somebody in line at the qwicky mart buying scratch off lottery tickets over and over.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on October 14, 2019, 08:19:40 AM
Quote from: SOMEPARTS on October 14, 2019, 07:07:57 AM


Whenever I see posts like this it just feels about the same as being behind somebody in line at the qwicky mart buying scratch off lottery tickets over and over.

yes, it is lmao. you either get in at the right time for the bull run or you're screwed.

I'm just waiting for my "investment" to break even then I'm out forever.

our resident larping investor @gib can lick a llama's anus  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bill2233 on October 25, 2019, 12:37:04 AM
I like cryptocurrency and believe in its future (especially in Bitcoin as its price might reach more than $20k soon). Several years ago we knew only about bitcoin, today we have many various coins with a big potential, and their amount has been inreasing. Though I look through several cryptocurrency forums (https://cryptolinks.com/cryptocurrency-forum) from time to time and know that there are still many sceptics.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on October 25, 2019, 12:16:43 PM
Quote from: Bill2233 on October 25, 2019, 12:37:04 AM
I like cryptocurrency and believe in its future (especially in Bitcoin as its price might reach more than $20k soon). Several years ago we knew only about bitcoin, today we have many various coins with a big potential, and their amount has been inreasing. Though I look through several cryptocurrency forums (https://cryptolinks.com/cryptocurrency-forum) from time to time and know that there are still many sceptics.


Spammer. Weak.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on November 03, 2019, 04:34:06 PM
Quote from: Army of One on June 15, 2019, 02:32:26 PM
You really need to get in early in crypto to make the gains, buy or get the airdrops when it is fairly unknown.This to me looks like the next challenger to btc.Its basically like getting in to btc in 2009.With btc you had to mine it in 2009, you couldnt even buy it yet.With this coin, pi, you mine it on your phone, uses no battery, gone from 1k users to 35k users in a month, when it reaches 100k users the mining rate halves, when a million it halves again.All mining means is you basically get around 1.5 pi an hour sent to your phone every hour.

This is EARLY, you cant even buy this yet on exchanges,developed by a group of stanford phds, the coin will be used in its own marketplace, to pay other users etc.This is the first crypto to use your phone, and to mine on your phone.Mobile crypto?Will be HUGE.On apple and android, get in now, let it mine for a year, next year it goes on sale on exchages, sell your coins and make a small fortune.You were warned.Invite only currently.Invite code here.

 https://minepi.com/gom23 and use gom23 as your invitation code.



I hope you all listened to me 5 months ago when i told you to get in on the ground floor.It just reached a million users and is set to have more users than bitcoin by next year.All the easy mining has been done now.

www.blockpublisher.com/pi-network-by-stanford-graduates-might-be-better-than-bitcoin

https://decrypt.co/10697/pi-network-seeks-offset-environmental-damage-bitcoin-mining
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tres_taco_combo on November 03, 2019, 05:40:15 PM
$9200 hundred per coin
.29 ripple

I own Zero of both
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Wiggs on November 04, 2019, 06:11:59 PM
Quote from: tres_taco_combo on November 03, 2019, 05:40:15 PM
$9200 hundred per coin
.29 ripple

I own Zero of both

If you seek more money, you will eventually regret this decision.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 31, 2019, 03:59:09 AM
Today is a good time to bump this thread.

Yet again Mr Anabolic was proven wrong. The US stock market did not crash as he predicted (each year for the last 11 years post 2008). Indeed it hit record highs (which was great for me who is largely allocated to value equities).

Gold, as I recommended (performed quite well). For the record Mr A is also a gold fan although prefers silver because “it’s cheaper”. He was wrong about this, and I believe (despite historical arbitrage correlations) that Gold will continue to outperform silver in the decade ahead.

Bitcoin didn’t disappear as Mr A claimed it would, and indeed BTC maintains a market cap of over 100 billion USD. Well worth having some holdings in BTC in my opinion (and especially now so that that hype around BTC has ebbed).

My view for 2020 - US and global equities are still where it’s at. I predict 10% growth + dividends for the US market. And even higher for HK/China and Asia emerging indexes. Still, gold and btc will have their day and I would suggest to accumulate. And boy when it happens it’s going to be big. Gold could go from 1500 to 6000 and btc from 7000 to 50000. And when it happens it may be very quick. So place your bets. Every man who is able to should own some Santoshies. And when it happens tbe key will be how you capitalise on it. In my view that would be to partially sell and invest in (what will be) very cheap assets such as property and equities.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on December 31, 2019, 05:51:31 AM
(https://media1.tenor.com/images/bee6a1a03fc6068588e88b61d421a956/tenor.gif?itemid=3534628)
(https://media2.giphy.com/media/3o6ZtiGv3tTlXTsWli/source.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 02, 2020, 02:36:55 AM
One more comment. BTC rose 90% over the 2019 year making it by far the best asset class to invest in has you invested jan 1 2019. Outperformed Gold, Oil, US stocks, European stocks, global stocks, sliver, US treasuries, USD.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 02, 2020, 08:18:33 AM
Quote from: gib on January 02, 2020, 02:36:55 AM
One more comment. BTC rose 90% over the 2019 year making it by far the best asset class to invest in has you invested jan 1 2019. Outperformed Gold, Oil, US stocks, European stocks, global stocks, sliver, US treasuries, USD.





It didn't end 90% up YOY. Nonsense word games. Active trading and passive investing are two different things.

And if the bottom hadn't absolutely dropped out of it at year end 2018 there would be zero to "brag" about.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 12, 2020, 05:07:15 PM
Quote from: SOMEPARTS on January 02, 2020, 08:18:33 AM



It didn't end 90% up YOY. Nonsense word games. Active trading and passive investing are two different things.

And if the bottom hadn't absolutely dropped out of it at year end 2018 there would be zero to "brag" about.
Bitcoin @ $10,380.67
Ethereum @ $272.26

Ethereum is going up faster than Bitcoin in 2020. It has already doubled in price!

https://www.ibtimes.com/ethereum-price-could-shoot-jpmorgan-joins-eth-ecosystem-2920593
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on February 13, 2020, 02:26:34 AM
Quote from: obsidian on February 12, 2020, 05:07:15 PM
Bitcoin @ $10,380.67
Ethereum @ $272.26

Ethereum is going up faster than Bitcoin in 2020. It has already doubled in price!

https://www.ibtimes.com/ethereum-price-could-shoot-jpmorgan-joins-eth-ecosystem-2920593

hopefully we're in for an epic bull run, as it's been flat for a long time

I've got a fair bit of ethereum and bitcoin cash.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 13, 2020, 03:01:05 AM
Yes. A nice little corona virus rally underway. Same with gold.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on March 12, 2020, 04:46:55 AM
(https://media.giphy.com/media/3o6Zt6pVdZ8amNrCec/giphy.gif)

(https://media1.tenor.com/images/bee6a1a03fc6068588e88b61d421a956/tenor.gif?itemid=3534628)

 ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on March 12, 2020, 04:52:24 AM
Quote from: a_pupil on March 12, 2020, 04:46:55 AM
(https://media.giphy.com/media/3o6Zt6pVdZ8amNrCec/giphy.gif)

(https://media1.tenor.com/images/bee6a1a03fc6068588e88b61d421a956/tenor.gif?itemid=3534628)

 ;D

LOL
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 12, 2020, 05:15:19 AM
Has still massively out performed the US stock index over the last year, but yes, a stunning drop (along with everything else). Its all about relative purchasing power.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on March 12, 2020, 06:44:03 AM
Quote from: gib on March 12, 2020, 05:15:19 AM
Has still massively out performed the US stock index over the last year, but yes, a stunning drop (along with everything else). Its all about relative purchasing power.

You are downplaying this.Bitcoins selling point according to the diehard community was as a store of value in a recession against the dollar, that myth has just been crushed.Its slow and useless as a currency.So where does that leave us?The real truth is that highly speculative assets are the first to be dumped in a recession, and btc is a highly speculative asset.btc 1k and below coming.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on March 12, 2020, 06:50:37 AM
Bitcoins - about to hit $5,000 per coin today!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 12, 2020, 06:53:51 AM
Quote from: Army of One on March 12, 2020, 06:44:03 AM
You are downplaying this.Bitcoins selling point according to the diehard community was as a store of value in a recession against the dollar, that myth has just been crushed.Its slow and useless as a currency.So where does that leave us?The real truth is that highly speculative assets are the first to be dumped in a recession, and btc is a highly speculative asset.btc 1k and below coming.

Huh? BTC is clearly a store of value. (That does not mean it is not also used for speculation, same as gold by the way). Best analogy of BTC is digital gold. So now, when other comparative assets are at better value, people of course will sell, in order to make use of that higher comparative value of BTC in USD, to buy stocks at a great discount. Should be pretty obvious. BTC has served its purpose. Same reason you are not seeing gold rallying last few days, People are cashing in, taking higher comparative value, and putting into into assets they see as being of more attractive value.

I am not a BTC or Gold bug by the way. I am largely focussed on income producing businesses (be it private equity, property, or equities). But I do have a little BTC and gold (less than 1% of net worth, although that ratio may have changes slightly with recent stock market declines).

Also, as I have explained before, they are possible future global (or country) scenarios, albeit not that likely, but certainly possible, where access to BTC will be of almost unimaginable value. Right now we are freaking out about a virus. Imagine for a moment a computer or internet virus, that literally sickens and disables banks... Zero access to electronic cash. Imagine what kind of a crisis (and demand for BTC) that would create. Many other far-fetched examples exist, but these "black swans" could really occur. BTC is your immunization and hedge in such cases.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on March 12, 2020, 07:01:09 AM
Quote from: gib on March 12, 2020, 06:53:51 AM
BTC is clearly a store of value.

just stop it..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on March 12, 2020, 07:04:38 AM
Quote from: gib on March 12, 2020, 06:53:51 AM
Huh? BTC is clearly a store of value. (That does not mean it is not also used for speculation, same as gold by the way). Best analogy of BTC is digital gold. So now, when other comparative assets are at better value, people of course will sell, in order to make use of that higher comparative value of BTC in USD, to buy stocks at a great discount. Should be pretty obvious. BTC has served its purpose. Same reason you are not seeing gold rallying last few days, People are cashing in, taking higher comparative value, and putting into into assets they see as being of more attractive value.

I am not a BTC or Gold bug by the way. I am largely focussed on income producing businesses (be it private equity, property, or equities). But I do have a little BTC and gold (less than 1% of net worth, although that ratio may have changes slightly with recent stock market declines).

Also, as I have explained before, they are possible future global (or country) scenarios, albeit not that likely, but certainly possible, where access to BTC will be of almost unimaginable value. Right now we are freaking out about a virus. Imagine for a moment a computer or internet virus, that literally sickens and disables banks... Zero access to electronic cash. Imagine what kind of a crisis (and demand for BTC) that would create. Many other far-fetched examples exist, but these "black swans" could really occur. BTC is your immunization and hedge in such cases.

You really think if complex high security bank accounts go down, people are going to put faith in bitcoin, with 1hr transaction times, stupidly high transaction fees when the network gets busy, and encryption that's only a few years away from Quantum cracking?A system where if your grandma forgets her keywords she loses her account?A system where CZ of Binance admitted he could collude with Chinese miners and roll back transactions to whatever date he wanted?A system where a 51% attack could be launched and destroy the network?It's useless as a currency and we are being given the litmus test on it failing in a recession.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: harmankardon1 on March 12, 2020, 07:07:47 AM
Bitcoin is shit long term it's nothing....

if you've made some great for you, don't get greedy, get out while your up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on March 12, 2020, 08:51:24 AM
Deflationary pressure...all assets. Gold at 1568.00 and silver at 15.66 is nuts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on March 12, 2020, 08:59:50 AM
I know I know... .gib sold at the high tick
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 12, 2020, 09:42:17 AM
Quote from: Army of One on March 12, 2020, 07:04:38 AM
You really think if complex high security bank accounts go down, people are going to put faith in bitcoin, with 1hr transaction times, stupidly high transaction fees when the network gets busy, and encryption that's only a few years away from Quantum cracking?A system where if your grandma forgets her keywords she loses her account?A system where CZ of Binance admitted he could collude with Chinese miners and roll back transactions to whatever date he wanted?A system where a 51% attack could be launched and destroy the network?It's useless as a currency and we are being given the litmus test on it failing in a recession.

All nonsense except for theoretical 51% attack. Reality is BTC is far less vulnerable from any corruption than any fait currency. We can place our faith in the universal truth of mathematics.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on March 12, 2020, 09:45:28 AM
Quote from: gib on March 12, 2020, 09:42:17 AM
All nonsense except for theoretical 51% attack. Reality is BTC is far less vulnerable from any corruption than any fait currency. We can place our faith in the universal truth of mathematics.

None of it is nonsense.Why lie?It has slow transaction times, cost per transaction goes up the more clogged up the system is with transactions, cz outright said he could reverse transactions by working with the miners to roll back the blockchain, thousands of people have lost their bitcoin due to forgetting keywords.If you are going to argue at least don't lie.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on March 12, 2020, 10:25:16 AM
bitcoin is worthless , nothing to back it up
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on March 12, 2020, 05:30:55 PM
Down another 1000 dollars in a few hours.below 5k now.STORE OF VALUE
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 12, 2020, 05:59:21 PM
Gib gone from forum hero to zero in less than 24hours
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 12, 2020, 06:05:35 PM
Quote from: Army of One on March 12, 2020, 09:45:28 AM
None of it is nonsense.Why lie?It has slow transaction times, cost per transaction goes up the more clogged up the system is with transactions, cz outright said he could reverse transactions by working with the miners to roll back the blockchain, thousands of people have lost their bitcoin due to forgetting keywords.If you are going to argue at least don't lie.

The keywords being lost is correct I agree. People also lose paper money and gold coins or other items of value. Happens all the time. This is a function of how the asset is stored by the owner and not a fault of the asset itself.

BTC and a long term store of wealth means you will not be transacting too often. More efficient then the costs a persons on foreign currency margins at a typical bank. Much lower than physical gold margins.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on March 12, 2020, 06:16:31 PM
Quote from: gib on March 12, 2020, 06:05:35 PM
The keywords being lost is correct I agree. People also lose paper money and gold coins or other items of value. Happens all the time. This is a function of how the asset is stored by the owner and not a fault of the asset itself.

BTC and a long term store of wealth means you will not be transacting too often. More efficient then the costs a persons on foreign currency margins at a typical bank. Much lower than physical gold margins.

The whole basis of the bitcoin argument is that it was supposed to be immune from everything that could take the regular markets down.That false belief has been crushed in the last week with btc and crypto falling faster than anything else.The store of value meme is dead in the water.People are realising that even if the lights go out they can still hold their physical gold and silver, if the electricity goes out, good luck getting hold of your bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on March 12, 2020, 06:42:53 PM
Quote from: gib on November 09, 2017, 06:51:00 PM
Right now is still primarily being driven by tech geeks and little people. The big money will be moving in by 2020 though. That era will likely take the market price to over usd 100K per coin.

 ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on March 12, 2020, 06:56:03 PM
Quote from: Twaddle on March 12, 2020, 06:42:53 PM
???

When he posted that in November 2017, it was basically peak delusion time.Everyone involved in cryptocurrency believed bitcoin was the 2nd coming of christ, that the government's of the world would adopt it, it would be widely used as a currency, would take over gold etc.

What happened was everyone and their mother tried to buy some, the network slowed to a crawl , with transactions taking days at some points, and the price of these transactions were ludicrous to get the miners to process them, upwards of 1kusd at times.Companies like Microsoft, Steam etc saw this and dropped it as a payment option, and basically everyone else followed.The market then crashed in Jan 2018, half the altcoin founders ran with the money and deserted their projects.

Over the next 2 years pretty much every government of the world called bitcoin out, many outright banned it.It soon became near impossible to cash out without paying hefty taxes.It was clear nobody was adopting it, and it had failed as a usable currency.So the store of Value meme was jumped on by the Twitter/reddit crowd, "digital gold".This however is collapsing right in front of our eyes.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on March 12, 2020, 07:49:57 PM
We are already declaring this emerging asset class dead after one of the freakiest weeks and overall biggest sell offs of our lives?

Boy, I don't get that rationale at all.

I had to buy a little more today at these rock bottom prices.

Not to say you have to go all YOLO and mortgage the house but as a small hedge in a portfolio, Bitcoin has it's place.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: friedchickendinner on March 12, 2020, 07:58:18 PM
Maybe next week it will be $500 per coin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 12, 2020, 08:03:14 PM
Quote from: polychronopolous on March 12, 2020, 07:49:57 PM

I had to buy a little more today at these rock bottom prices.

Not to say you have to go all YOLO and mortgage the house but as a small hedge in a portfolio, Bitcoin has it's place.

Week 1 of a 12+ week crisis and you are signaling it's time to buy, wtf?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: friedchickendinner on March 12, 2020, 08:03:51 PM
Quote from: Mayday on March 12, 2020, 08:03:14 PM
Week 1 of a 12+ week crisis and you are signaling it's time to buy, wtf?

He's another Getbig millionaire, you should listen to him if you want to get rich!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on March 12, 2020, 08:09:14 PM
Quote from: Mayday on March 12, 2020, 08:03:14 PM
Week 1 of a 12+ week crisis and you are signaling it's time to buy, wtf?

It got down to $4100, I pretty much had to.

Let me know when we have truly hit rock bottom and I'll buy some more.

Love buying assets when blood is in the streets.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 12, 2020, 08:20:46 PM
Quote from: TheGrinch on March 12, 2020, 08:59:50 AM
I know I know... .gib sold at the high tick

No, I as I have said before this time I plan to hold long term. I see no point "trading" BTC. Rather for me its a hedge that I can afford, for future (unlikely scenarios) that would provide massive upside if they did occur.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 12, 2020, 08:23:58 PM
Quote from: Army of One on March 12, 2020, 06:56:03 PM
When he posted that in November 2017, it was basically peak delusion time.Everyone involved in cryptocurrency believed bitcoin was the 2nd coming of christ, that the government's of the world would adopt it, it would be widely used as a currency, would take over gold etc.

What happened was everyone and their mother tried to buy some, the network slowed to a crawl , with transactions taking days at some points, and the price of these transactions were ludicrous to get the miners to process them, upwards of 1kusd at times.Companies like Microsoft, Steam etc saw this and dropped it as a payment option, and basically everyone else followed.The market then crashed in Jan 2018, half the altcoin founders ran with the money and deserted their projects.

Over the next 2 years pretty much every government of the world called bitcoin out, many outright banned it.It soon became near impossible to cash out without paying hefty taxes.It was clear nobody was adopting it, and it had failed as a usable currency.So the store of Value meme was jumped on by the Twitter/reddit crowd, "digital gold".This however is collapsing right in front of our eyes.

Partially correct. Yes, alts were always a scam. I never touched. Only BTC for me.

As for taxes - wrong. Very easy to cash out and pay zero tax. Simply sell BTC to someone, receive cash, and don't declare (or do this in a country where no taxes are charged on capital gains).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 12, 2020, 08:25:23 PM
Quote from: polychronopolous on March 12, 2020, 07:49:57 PM
We are already declaring this emerging asset class dead after one of the freakiest weeks and overall biggest sell offs of our lives?

Boy, I don't get that rationale at all.

I had to buy a little more today at these rock bottom prices.

Not to say you have to go all YOLO and mortgage the house but as a small hedge in a portfolio, Bitcoin has it's place.

This is the sentiment of a rational (and likely successful) investor.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: friedchickendinner on March 12, 2020, 08:29:08 PM
I've got money already I see no reason to ever invest in anything.

What an utter meaningless thing to do.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 12, 2020, 08:40:40 PM
Quote from: friedchickendinner on March 12, 2020, 08:29:08 PM
I've got money already I see no reason to ever invest in anything.

What an utter meaningless thing to do.

... unless you realize that your money could quickly become devalued significantly over time... in which case you will very much see that investing is anything but meaningless in terms of preserving your wealth (let alone increasing it).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: friedchickendinner on March 12, 2020, 08:43:22 PM
Quote from: gib on March 12, 2020, 08:40:40 PM
... unless you realize that your money could quickly become devalued significantly over time... in which case you will very much see that investing is anything but meaningless in terms of preserving your wealth (let alone increasing it).


Who cares.

What a boring life to be obsessed about money and wealth.

I rather shoot myself.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on March 12, 2020, 08:44:56 PM
Quote from: friedchickendinner on March 12, 2020, 08:29:08 PM
I've got money already I see no reason to ever invest in anything.

What an utter meaningless thing to do.

Haha hell yeah man fuck em
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on March 12, 2020, 11:33:46 PM
Quote from: gib on March 12, 2020, 06:05:35 PM
The keywords being lost is correct I agree. People also lose paper money and gold coins or other items of value. Happens all the time. This is a function of how the asset is stored by the owner and not a fault of the asset itself.

BTC and a long term store of wealth means you will not be transacting too often. More efficient then the costs a persons on foreign currency margins at a typical bank. Much lower than physical gold margins.


Invest in Somali Shillings & triple your money.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 13, 2020, 08:25:58 AM
Quote from: friedchickendinner on March 12, 2020, 08:43:22 PM

Who cares.

What a boring life to be obsessed about money and wealth.

I rather shoot myself.


You would unfortunately need money, to go buy the gun and the ammo, to shoot yourself with ... :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on March 13, 2020, 04:39:43 PM
Quote from: gib on March 13, 2020, 08:25:58 AM
You would unfortunately need money, to go buy the gun and the ammo, to shoot yourself with ... :)

Typical Somalian thinking, he can get M16 for free !.

Hey Abdulah, it's 2020 & Africa is still dependent on WHO and other white man organizations  ::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 19, 2020, 04:45:52 PM
Bump as this thread should now be active again.

It appears our current predicament could be likened to a war scenario.

Post war involves mountains and mountains of QE. We are looking at a possible hyperinflation scenario to erode debt. Germany went 83x devaluation to gold post war still functioning. After that they knew it was fucked so they went to a trillion to burnout their debt and start fresh.

Cryptos are a hedge for post corona QE.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on March 19, 2020, 05:13:40 PM
Quote from: Mayday on March 19, 2020, 04:45:52 PM
Bump as this thread should now be active again.

It appears our current predicament could be likened to a war scenario.

Post war involves mountains and mountains of QE. We are looking at a possible hyperinflation scenario to erode debt. Germany went 83x devaluation to gold post war still functioning. After that they knew it was fucked so they went to a trillion to burnout their debt and start fresh.

Cryptos are a hedge for post corona QE.


(https://media1.tenor.com/images/fb32348d435435abc1ab4a059469bb6a/tenor.gif?itemid=15155524)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on March 19, 2020, 05:22:33 PM
Quote from: Mayday on March 19, 2020, 04:45:52 PM
Bump as this thread should now be active again.

It appears our current predicament could be likened to a war scenario.

Post war involves mountains and mountains of QE. We are looking at a possible hyperinflation scenario to erode debt. Germany went 83x devaluation to gold post war still functioning. After that they knew it was fucked so they went to a trillion to burnout their debt and start fresh.

Cryptos are a hedge for post corona QE.



and bonus... the US gets to pay back China with worthless dollars..lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 19, 2020, 08:16:13 PM
Quote from: Teutonic Knight 1 on March 13, 2020, 04:39:43 PM
Typical Somalian thinking, he can get M16 for free !.

Hey Abdulah, it's 2020 & Africa is still dependent on WHO and other white man organizations  ::)
gib is a white guy...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: harmankardon1 on March 19, 2020, 08:20:01 PM
Quote from: TheGrinch on March 19, 2020, 05:22:33 PM

and bonus... the US gets to pay back China with worthless dollars..lol

 :D :D :D

They give the virus then USA gives them worthless money, all good brah!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 19, 2020, 08:25:21 PM
Quote from: friedchickendinner on March 12, 2020, 08:29:08 PM
I've got money already I see no reason to ever invest in anything.

What an utter meaningless thing to do.
Put a million dollars in a bank account and leave it there for 50 years. You think it is going to be worth the same?!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on March 20, 2020, 09:03:55 AM
Quote from: Mayday on March 19, 2020, 04:45:52 PM
Bump as this thread should now be active again.

It appears our current predicament could be likened to a war scenario.

Post war involves mountains and mountains of QE. We are looking at a possible hyperinflation scenario to erode debt. Germany went 83x devaluation to gold post war still functioning. After that they knew it was fucked so they went to a trillion to burnout their debt and start fresh.

Cryptos are a hedge for post corona QE.


I'm not really down with this whole doomsday scenario but do I feel better about Bitcoin as a hedge knowing that the United States is about to print a bunch of money and in a few weeks(May 13th tentatively) the Bitcoin mining production will be cut in half?

Absolutely.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 20, 2020, 10:33:13 AM
Quote from: polychronopolous on March 20, 2020, 09:03:55 AM
I'm not really down with this whole doomsday scenario but do I feel better about Bitcoin as a hedge knowing that the United States is about to print a bunch of money and in a few weeks(May 13th tentatively) the Bitcoin mining production will be cut in half?

Absolutely.

Have you seen how much the US dollar has strengthened recently?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: friedchickendinner on March 20, 2020, 10:33:43 AM
So how much is a bitcoin these days?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on March 20, 2020, 02:40:24 PM
Quote from: polychronopolous on March 20, 2020, 09:03:55 AM
I'm not really down with this whole doomsday scenario but do I feel better about Bitcoin as a hedge knowing that the United States is about to print a bunch of money and in a few weeks(May 13th tentatively) the Bitcoin mining production will be cut in half?

Absolutely.


Both are currency manipulation. The gambling gene erases logic once again.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: deadz on March 20, 2020, 02:47:14 PM
Virtual money,lol, cash is KING!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on March 24, 2020, 05:16:45 PM
Given current financial climate I am even more bullish than previous years on btc.  Unlimited QE will propel btc to greater Highs.

A good read for those of you interesting in hedging into something innovative and potentially life changing.

Stock to flow

https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 24, 2020, 05:50:33 PM
Quote from: deadz on March 20, 2020, 02:47:14 PM
Virtual money,lol, cash is KING!

Cash is no longer accepted where i am because people don't want to handle the money.

If you have cash and no digital money in a bank, you can't buy anything here.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on March 27, 2020, 01:50:26 PM
BEARISH




"Venezuelan President Nicolas Maduro tapped crypto to conceal transactions related to illicit drug-running, the U.S. Department of Justice alleged in an indictment Thursday.

The sweeping charges against Maduro and 14 other Venezuelan officials are primarily targeted at stopping an alleged multibillion-dollar cocaine trafficking ring the DOJ claimed wreaked havoc on American communities for over 20 years. It allegedly involved drug runners, Colombian revolutionaries and narco-terrorism.

Venezuela’s crypto superintendent, Joselit Ramirez Camacho, 33, was also indicted in a separate action in the Southern District of New York."



https://www.yahoo.com/finance/news/us-says-venezuelan-president-maduro-163933555.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on March 27, 2020, 02:06:56 PM
Quote from: Mayday on March 24, 2020, 05:50:33 PM
Cash is no longer accepted where i am because people don't want to handle the money.

If you have cash and no digital money in a bank, you can't buy anything here.




& where is that ............ :'(
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on March 27, 2020, 06:54:22 PM
Quote from: Teutonic Knight 1 on March 27, 2020, 02:06:56 PM

& where is that ............ :'(

Few places in Australian now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Irongrip400 on March 27, 2020, 07:14:13 PM
Quote from: polychronopolous on March 20, 2020, 09:03:55 AM
I'm not really down with this whole doomsday scenario but do I feel better about Bitcoin as a hedge knowing that the United States is about to print a bunch of money and in a few weeks(May 13th tentatively) the Bitcoin mining production will be cut in half?

Absolutely.

They just shut down the mining place here and are getting sued and all of their shit repossessed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on April 15, 2020, 01:17:05 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on April 15, 2020, 12:10:28 PM
Quote from: friedchickendinner on March 20, 2020, 10:33:43 AM
So how much is a bitcoin these days?

6800ish
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on April 15, 2020, 02:30:41 PM
Naive question or two:

- Who own bitcoin International TM

- Who own bitcoin mold & stamp those golden coins

- Who buys gold for making those coins

- Who would pay $ 5000 for 1 of those (very small) golden coins

- Name National bank with gold reserve for bitcoins

- Etc,.  :D


Where is 'giby' when you need him  ;D ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on April 15, 2020, 02:33:23 PM
still hodling, praying for a corona surge  :'(
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: denarii on April 15, 2020, 03:06:53 PM
Quote from: a_pupil on April 15, 2020, 02:33:23 PM
still hodling, praying for a corona surge  :'(

can you pay taxes on shitcoin?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on April 15, 2020, 03:13:04 PM
Quote from: denarii on April 15, 2020, 03:06:53 PM
can you pay taxes on shitcoin?

Yes you have to pay taxes when you sell them or trade for different crypto’s.im hoping for a drop on bitcoin to buy a couple more.The havening is coming May 20th I believe, should be a price surge
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on April 15, 2020, 11:26:28 PM
Quote from: a_pupil on April 15, 2020, 02:33:23 PM
still hodling, praying for a corona surge  :'(

let us hope it will act more or less like gold in that regard
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 26, 2020, 09:46:51 PM
Quote from: Teutonic Knight 1 on April 15, 2020, 02:30:41 PM
Naive question or two:

- Who own bitcoin International TM

- Who own bitcoin mold & stamp those golden coins

- Who buys gold for making those coins

- Who would pay $ 5000 for 1 of those (very small) golden coins

- Name National bank with gold reserve for bitcoins

- Etc,.  :D


Where is 'giby' when you need him  ;D ;D

Some good questions (for a change).

- Who own bitcoin International TM? No-one. Bitcoin is considered a generic term and so attempts to trademark it have failed. (Just like you can't trademark the word "CAR" for a car.)

- Who own bitcoin mold & stamp those golden coins - LOL

- Who buys gold for making those coins - LOL

- Who would pay $ 5000 for 1 of those (very small) golden coins  - Millions of people pay for BTC (or portions thereof). These are people who either wish to use the currency for a transaction, speculators who believe the value will increase in the short term, or those who wish to hold as a defense against fiat currency depreciation (or unavailability in the event of a banking collapse).

- Name National bank with gold reserve for bitcoins - we know for sure some central banks hold gold. So there is a logical step for some of these banks to also move into BTC. What we know for sure is that some very powerful people, world leaders, dictators, etc are holding BTC. Many Governments also have secret projects that will over time require and purchase Bitcoin (for various reasons).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 26, 2020, 11:45:11 PM
Quote from: FitnessFrenzy on April 15, 2020, 11:26:28 PM
let us hope it will act more or less like gold in that regard

I'm in it for the long play as a hedge.

If there is any legitimacy for it to work and establish ground roots, it'll be during an inflationary period.

5yr-10yr timeline to go somewhere.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on April 27, 2020, 05:26:14 PM
Quote from: gib on April 26, 2020, 09:46:51 PM
Some good questions (for a change).

- Who own bitcoin International TM? No-one. Bitcoin is considered a generic term and so attempts to trademark it have failed. (Just like you can't trademark the word "CAR" for a car.)

- Who own bitcoin mold & stamp those golden coins - LOL

- Who buys gold for making those coins - LOL

- Who would pay $ 5000 for 1 of those (very small) golden coins  - Millions of people pay for BTC (or portions thereof). These are people who either wish to use the currency for a transaction, speculators who believe the value will increase in the short term, or those who wish to hold as a defense against fiat currency depreciation (or unavailability in the event of a banking collapse).

- Name National bank with gold reserve for bitcoins - we know for sure some central banks hold gold. So there is a logical step for some of these banks to also move into BTC. What we know for sure is that some very powerful people, world leaders, dictators, etc are holding BTC. Many Governments also have secret projects that will over time require and purchase Bitcoin (for various reasons).


Wiggzy U know nothing about gold & golden coins , childish talk !.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 29, 2020, 03:28:20 AM
10,000 seems back in range. Next 14 days we could see some phenomenal action on BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on April 29, 2020, 05:46:07 AM
Quote from: gib on April 29, 2020, 03:28:20 AM
10,000 seems back in range. Next 14 days we could see some phenomenal action on BTC.

What do you think is driving the prices up?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on April 29, 2020, 06:30:49 AM
Quote from: pellius on April 29, 2020, 05:46:07 AM
What do you think is driving the prices up?

Many things, mainly speculation the halving is priced in.  Dynamics have changed this time around, entering the halving during a black swan event so we might see a delay in price action.  I was there for last halving 2016, price actually dipped following the halving and then rocketed to ridiculous highs in the year following.

There’s a lot of uncertainty in current day financial markets,  my money is on btc and has been for 6 years.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 29, 2020, 08:54:23 AM
Quote from: Theoak* on April 29, 2020, 06:30:49 AM
Many things, mainly speculation the halving is priced in.  Dynamics have changed this time around, entering the halving during a black swan event so we might see a delay in price action.  I was there for last halving 2016, price actually dipped following the halving and then rocketed to ridiculous highs in the year following.

There’s a lot of uncertainty in current day financial markets,  my money is on btc and has been for 6 years.

Hard to know if halving is priced in. Obviously market knows about this. Yet we have a dynamic leading up to that where no one wants to sell yet huge amount want to buy in. Short sellers getting brutally raped. We have a general risk on environment as the world recovers from covid. Yet massive global stimulus that will devalue all currencies. We have governments globally that will look to tax (aka steal) more money from people. And a growing realisation that the next big crisis really could affect the banks and possibly massively impact civil liberties. We have a possible war with China next few years (unless China totally changes their global aggression). We have a whole emerging generation who are entirety comfortable transacting digitally and yet who distrust the state. We have many who see the logic in gold but yet see the even greater advantages of digital gold. So many many drivers at play.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 29, 2020, 09:17:38 PM
Teutonic Knight I hope you have now learned your lesson. Whiggs was a Bitcoin visionary. He tried to tell us,. Only very few listened...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on April 30, 2020, 07:31:24 AM
Quote from: Theoak* on April 29, 2020, 06:30:49 AM
Many things, mainly speculation the halving is priced in.  Dynamics have changed this time around, entering the halving during a black swan event so we might see a delay in price action.  I was there for last halving 2016, price actually dipped following the halving and then rocketed to ridiculous highs in the year following.

There’s a lot of uncertainty in current day financial markets,  my money is on btc and has been for 6 years.

I'm not a personal investor. Just my 401k which I leave alone. I've been monitoring bitcoin for a couple of days and noticed it was on a steady upward climb. I put $650 into the account to see what happens. By the next day it was at $740. $90 in a day for doing nothing is a good deal. I just checked again and I'm back down to $689. I found it kind of interesting how the value changes every second. I thought about what is going on all over the world with people involved in this causing second to second changes.

Though it dropped a lot of from this morning there definitely seems to be an upward trend.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on April 30, 2020, 07:52:49 AM
can someone explain the halvening?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on April 30, 2020, 08:16:08 AM
Quote from: FitnessFrenzy on April 30, 2020, 07:52:49 AM
can someone explain the halvening?

Half the amount of bitcoins will be mined every halvening so the supply that miners get rewarded are cut in half.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 30, 2020, 08:49:42 AM
At current rate halvening will occur in just over 11 days. Exact time is determined by mining output.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 30, 2020, 08:54:31 AM
So essentially under the algorithm it will the take twice as much effort / cost / energy to mine a coin. Which should price up the value of a coin. Over time as we hit the total limit total coins that can ever be created we will then have a totally finite supply. And of course only a very few privileged and wealthy will have entire coins. Most of us will see simply have some amount of santoshies.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on April 30, 2020, 02:30:01 PM
Quote from: gib on April 29, 2020, 09:17:38 PM
Teutonic Knight I hope you have now learned your lesson. Whiggs was a Bitcoin visionary. He tried to tell us,. Only very few listened...


Wiggzly, tell me on what date I ask for yours "financial advice"  ::)

Visionary Wiggzly  ;D ;D ;D , looks like 'his' Jesus is still stuck on Nabiru ..........

Wiggzly, greed is 1 of 7 deadly sins  :D

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on April 30, 2020, 05:37:23 PM
In one day buying $650 in Bitcoins the value went up almost a hundred dollars. The next day, today, all gone. All gone just like that.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on April 30, 2020, 05:39:33 PM
BTW, what is the difference between withdrawing, selling, and cashing out Bitcoins?

Say I want to get $100 back in cash, what is the difference between those three options?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 30, 2020, 09:35:18 PM
If you have coins sitting on an exchange, you can "withdraw" them by putting them into cold storage. You should never keep BTC with an exchange (essentially a 3rd party), for long periods of time. Taken them off the exchange, and put them into
"cold storage" so that you are the only person who can access them (form any country, anytime, any location, provided you have internet access and your "private key" (the secret code that only you should know, that enables the coins to be accessed).

If you wish to sell BTC, (all, or any portion thereof), you can simply arrange for a buyer to give you cash, goods, services, etc, in return for you transferring an agreed about of BTC to them.

The term "cashing out" i typically used to refer to converting BTC back into fiat currency.

PS - if you are new to this, please do not get scammed. Do not fall prey to internet scams. Buy from a reliable exchange, or from a person or business that you know is creadible.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on April 30, 2020, 10:48:35 PM
Quote from: gib on April 30, 2020, 09:35:18 PM
If you have coins sitting on an exchange, you can "withdraw" them by putting them into cold storage. You should never keep BTC with an exchange (essentially a 3rd party), for long periods of time. Taken them off the exchange, and put them into
"cold storage" so that you are the only person who can access them (form any country, anytime, any location, provided you have internet access and your "private key" (the secret code that only you should know, that enables the coins to be accessed).

If you wish to sell BTC, (all, or any portion thereof), you can simply arrange for a buyer to give you cash, goods, services, etc, in return for you transferring an agreed about of BTC to them.

The term "cashing out" i typically used to refer to converting BTC back into fiat currency.

PS - if you are new to this, please do not get scammed. Do not fall prey to internet scams. Buy from a reliable exchange, or from a person or business that you know is creadible.

I tried to open an account on coinbase or one of those services. Too much humbug. Bitcoin would be so much more popular if it was just easier and more straight forward.

I'm using cashapp. It's tied to your bank account and deposit funds directly into your cashapp account and send it to others also with a cashapp account like Paypal. You can also buy stocks with the funds you have in your cashapp account. There's two separate pages where one says: Deposit Bitcoin   Withdraw Bitcoin. And there's another one on the stock page that looks like this attachment where you: Buy Sell Send (to another BTC holder)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on May 01, 2020, 02:39:36 AM
Quote from: gib on April 30, 2020, 09:35:18 PM
If you have coins sitting on an exchange, you can "withdraw" them by putting them into cold storage. You should never keep BTC with an exchange (essentially a 3rd party), for long periods of time. Taken them off the exchange, and put them into
"cold storage" so that you are the only person who can access them (form any country, anytime, any location, provided you have internet access and your "private key" (the secret code that only you should know, that enables the coins to be accessed).

If you wish to sell BTC, (all, or any portion thereof), you can simply arrange for a buyer to give you cash, goods, services, etc, in return for you transferring an agreed about of BTC to them.

The term "cashing out" i typically used to refer to converting BTC back into fiat currency.

PS - if you are new to this, please do not get scammed. Do not fall prey to internet scams. Buy from a reliable exchange, or from a person or business that you know is creadible.

Also, what is "Cold Storage"? Where do the funds go when I withdraw them? What I can tell now is that I have funds sitting in my BTC account. I see the value increase or decrease every second. It took a big jump a couple of days ago and all gone the next day. The only other place I can move my funds is back into my cash app account. Exactly like a Paypal account where you can keep a balance on it, transfer to your bank or another Paypal user, or use it make purchases online.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on May 02, 2020, 07:30:10 PM
John McAfee sticks a dagger in the hearts of crypto lovers:

https://decrypt.co/27447/john-mcafee-virtual-blockchain-talk


"Bitcoin and blockchain were meant to “save us from financial slavery, and from the overburdened government that creates the fiat currency that we are forced to use,” McAfee said. But he doesn’t think crypto will save us this time.

“We are not going to jump into crypto,” he said, because it’s not easy enough to use. “It is not like opening a bank account. You have to spend days understanding what it is and how it works.”

But as far as the markets go, he predicts that the price of Bitcoin will spike ahead of the halving event on May 12. He recalled that in 2016, the last halving event, there was a huge rise in the price of Bitcoin, and then a huge drop. And he believes history will repeat because the same people populate the cryptosphere, and they’re just as greedy as they were four years ago. "



Remember this is the guy that said he's eat his dick if it didn't go to 1 million per BTC. Even he sees the greed ruined any chance of adoption. Same greed the banks operate on, as I've always maintained.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on May 02, 2020, 08:02:54 PM
Quote from: SOMEPARTS on May 02, 2020, 07:30:10 PM
John McAfee sticks a dagger in the hearts of crypto lovers:

https://decrypt.co/27447/john-mcafee-virtual-blockchain-talk


"Bitcoin and blockchain were meant to “save us from financial slavery, and from the overburdened government that creates the fiat currency that we are forced to use,” McAfee said. But he doesn’t think crypto will save us this time.

“We are not going to jump into crypto,” he said, because it’s not easy enough to use. “It is not like opening a bank account. You have to spend days understanding what it is and how it works.”

But as far as the markets go, he predicts that the price of Bitcoin will spike ahead of the halving event on May 12. He recalled that in 2016, the last halving event, there was a huge rise in the price of Bitcoin, and then a huge drop. And he believes history will repeat because the same people populate the cryptosphere, and they’re just as greedy as they were four years ago. "



Remember this is the guy that said he's eat his dick if it didn't go to 1 million per BTC. Even he sees the greed ruined any chance of adoption. Same greed the banks operate on, as I've always maintained.

I'm no expert by I am absolutely convinced that the only reason BTC isn't more popular is that it is not easy to use. No matter how many people that use it claim it's easy once you get the hand of it and that the rest of us is just dummies isn't going to help BTC. It's not for the consumer to have to adapt to a system that is not intuitive to them unless the return it huge. People are more use to systems like Paypal. Send, receive, deposit withdraw, all easy as pie and no obscure passwords or id codes that you can't choose yourself and be given one that you can never remember, and if you lose you're screwed and lose everything.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 03, 2020, 09:09:38 PM
Pellious - its good you are taking an interest. If you have the time, i urge you to read this entire thread. I have made the comments here for a deliberate reason. You will understand and appreciate once you have read.

You are fully correct that for many, BTC is not yet "easy to use". That will slowly change. We will see a "lightening network" that overlays BTC for daily transactions. We will see more regulated and easy to use exchanges. We are starting to see banks offer BTC. And we will see BTC ETFs enabling "Mom & Pop" investors to buy in. And at certain points we will see frenzies to purchase emerge. My suggestion, and I have made it many times, is that everyone should, if they are able, buy and hold for ever, 1 coin (or a part thereof). Its a hedge for the future which may provide you unforeseen safety, flexibly, and life options, not to mention the possible of extreme wealth.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on May 03, 2020, 09:16:38 PM
It's not easy to use.

It's too volatile for any real business to accept it as funds.

It's ancient technology as far as energy consumed and transaction rate.

The selling points of it being independent money when it first came out have been squashed by banks and govts.

There's more...but that should be plenty enough.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on May 03, 2020, 09:42:46 PM
Quote from: SOMEPARTS on May 03, 2020, 09:16:38 PM
It's not easy to use.

It's too volatile for any real business to accept it as funds.

It's ancient technology as far as energy consumed and transaction rate.

The selling points of it being independent money when it first came out have been squashed by banks and govts.

There's more...but that should be plenty enough.

1. It's extremely easy to use once you understand what you are doing.

2. Who cares if "business want to accept it as funds". The whole purpose of Bitcoin is to hoard it like a greedy little bastard, not buy lattes or auto parts.

3. Energy costs - Who cares, the banks waste far more

4. It is independent money and the banks and governments can't do shit about it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 03, 2020, 10:00:44 PM
Quote from: polychronopolous on May 03, 2020, 09:42:46 PM
1. It's extremely easy to use once you understand what you are doing.

2. Who cares if "business want to accept it as funds". The whole purpose of Bitcoin is to hoard it like a greedy little bastard, not buy lattes or auto parts.

3. Energy costs - Who cares, the banks waste far more

4. It is independent money and the banks and governments can't do shit about it.

All these responses are correct.

Someparts - its amazing you don't "get it". But you will.

1 - Interfaces will be created that will make it super easy to use (think fingerprint access via a phone), and virtually instantaneous payments from a consumer facing perspective. (You will not see, nor need to understand what is going on behind the scenes to drive the transaction).

2. Business, and indeed, anyone, will increasingly accept anything of value, especially as use/transferring etc becomes easier.

3 - The irony is that this is what drives the value. Both the ability to create, the cost to create, and of course the total limitation on coins are what drives the value. Gold also costs money to create. On the other hand, printing dollar bills costs virtually nothing  - so given these factors, what currency do you think will increase in value? Further, most of us who own BTC are not mining - rather we are holding and/or transacting. So do not be confused or put off by the expense of mining. Economics takes care of that.

4. BTC is global. And cannot be defeated by any Government as it is governed, ultimately, by mathematics. If there ever in history has been a "power to the people" moment, BTC is it. Again, by the time the masses realize, prices will be much much higher (due to a simple application of supply and demand). Governments nor banks can defeat BTC. So over time you will see a "if we can't beat-em then join-em" approach emerge. This will happen subtly, and before most know it, various banks, governments will own increasingly larger stakes in BTC.

I will say it again. Owning some BTC is your hedge on the future.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on May 03, 2020, 10:29:51 PM
Quote from: gib on May 03, 2020, 10:00:44 PM
All these responses are correct.

Someparts - its amazing you don't "get it". But you will.

The irony.   :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on May 03, 2020, 11:06:38 PM
Bitcoin is actually a coin. You "mine" it? Where? What does it look like and how did it get its value?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on May 03, 2020, 11:21:12 PM
Quote from: pellius on May 03, 2020, 11:06:38 PM
Bitcoin is actually a coin. You "mine" it? Where? What does it look like and how did it get its value?



(https://media.giphy.com/media/ygqMjv2x8KSxW/giphy.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 04, 2020, 12:39:09 AM
Quote from: pellius on May 03, 2020, 11:06:38 PM
Bitcoin is actually a coin. You "mine" it? Where? What does it look like and how did it get its value?

No, not a coin or anything physical, just data created on computers and then sold to people, but the data is of a limited quantity and this scarcity is what is supposed to contribute to it's value.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on May 04, 2020, 01:06:56 AM
Quote from: gib on May 03, 2020, 09:09:38 PM


...... not to mention the possible of extreme wealth.




O, yes : ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D O
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on May 04, 2020, 01:15:18 AM
Quote from: pellius on May 03, 2020, 11:06:38 PM
Bitcoin is actually a coin. You "mine" it? Where? What does it look like and how did it get its value?


After years of imaginary "exsistance" still no mineral example of it  ??? ::) :P

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 04, 2020, 05:43:36 AM
Let's  keep it real. The recent bull run was most likely fuelled by people who are still getting their monthly pay and those getting government cheques. They didn't have the usual things to spend it on so figured investing in bitcoin would be a good idea. (It won't)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on May 04, 2020, 06:43:59 AM
Quote from: pellius on May 03, 2020, 11:06:38 PM
Bitcoin is actually a coin. You "mine" it? Where? What does it look like and how did it get its value?

Everything you need to know.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OlympiaGym on May 04, 2020, 11:58:13 AM
What’s a good resource, whether book, video series, etc., for the uninitiated of average intelligence to learn about bitcoin?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on May 04, 2020, 12:38:52 PM
Quote from: OlympiaGym on May 04, 2020, 11:58:13 AM
What’s a good resource, whether book, video series, etc., for the uninitiated of average intelligence to learn about bitcoin?

This thread is the only book you need.  Start om page one. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on May 04, 2020, 02:37:28 PM
Quote from: gib on May 03, 2020, 10:00:44 PM
All these responses are correct.


 On the other hand, printing dollar bills costs virtually nothing 




REALLY  :o :o :o so printing material & printing production is for FREE  ;D ;D ;D

Example: Australian dollar is 'printed' on polymer & 'printer' costs over 200 millions !.

Good 1 Wiggzy !.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on May 04, 2020, 02:46:49 PM
Quote from: gib on May 03, 2020, 10:00:44 PM
All these responses are correct.



4. BTC is global. And cannot be defeated by any Government as it is governed, ultimately, by mathematics. If there ever in history has been a "power to the people" moment, BTC is it. Again, by the time the masses realize, prices will be much much higher (due to a simple application of supply and demand). Governments nor banks can defeat BTC. 




Really  ::), any local  Government can turn off Internet connection & btc is screwed ................

Wiggzy, U are very "streetwise" gifted  ;D ;D ;D

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 04, 2020, 07:53:13 PM
Quote from: Teutonic Knight 1 on May 04, 2020, 02:46:49 PM

Really  ::), any local  Government can turn off Internet connection & btc is screwed ................

Wiggzy, U are very "streetwise" gifted  ;D ;D ;D

Lol. Wrong. Even with the internet "turned off", as you put it, the coins continue to exist - the reason being is that they are the function of a mathematical algorithm - a universal truth that will continue to exist forever. Bitcoins can be accessed at any time internet access is restored. Even if all of the US internet was shut down (basically impossible) there is the entire rest of the world that continues to exist, but either way, the coins will be there as soon as access is restored. On the other hand, if your paper money gets lost because you drop your wallet, its gone for ever.

If you are really going to put effort into thinking about idiot examples to discredit BTC, suggest you think about a few more (slightly less) idiotic examples, that will help you see the value in BTC.

Eg:

-All paper currency is prohibited.

-Gold is prohibited.

-Government massively raises taxes (to fund debt or a war).

-Foreign invasion that confiscates physical assets.

-Banking system goes down due to a malicious virus.

-Hyper inflation.

-All Government money goes electronic (meaning all transactions of Govt money are traced).

To anyone reading this (now or in the future) - YOU WERE WARNED. There are good reasons why this thread exists.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on May 04, 2020, 10:01:20 PM
Quote from: Griffith on May 04, 2020, 12:39:09 AM
No, not a coin or anything physical, just data created on computers and then sold to people, but the data is of a limited quantity and this scarcity is what is supposed to contribute to it's value.

Just data created on a computer? Then why is it limited? Just create more data. Or why not just created brand new "data" and call it Bitcoin Plus?

I'll read the vid posted when I get a chance and hopefully this will answer my questions.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 04, 2020, 10:57:33 PM
Quote from: pellius on May 04, 2020, 10:01:20 PM
Just data created on a computer? Then why is it limited? Just create more data. Or why not just created brand new "data" and call it Bitcoin Plus?

I'll read the vid posted when I get a chance and hopefully this will answer my questions.

Read the whole thread Pelluis - you are asking the right questions. The answers are all in the thread. Read from beginning to end.

"Bitcoin Plus" coins, were indeed created - many people created new coins. They failed. Just like with naturally occurring items in the world, we in the past put value in bones, feathers, rocks, etc but collectively gravitated to gold. In the digital world, this same phenomenon also played out, and BTC came out on top.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on May 04, 2020, 11:21:45 PM
Quote from: pellius on May 04, 2020, 10:01:20 PM
Just data created on a computer? Then why is it limited? Just create more data. Or why not just created brand new "data" and call it Bitcoin Plus?

I'll read the vid posted when I get a chance and hopefully this will answer my questions.


Pellius, currently there are 5,424 "coins" listed here:

https://coinmarketcap.com/


You'll notice in the top ten are two others called "Bitcoin" as variants.



As for me....yes....I "get it".

I WAS interested in crypto years ago...up until Charlie Lee from Litecoin showed what the true weakness was in the space. Greed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on May 04, 2020, 11:52:16 PM
Super bullshitt Wiggzy, BitBS is just like electric car, no AC/DC & is dead.

Remember that NYC blackout  ;D

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 05, 2020, 12:01:21 AM
Quote from: SOMEPARTS on May 04, 2020, 11:21:45 PM

Pellius, currently there are 5,424 "coins" listed here:

https://coinmarketcap.com/


You'll notice in the top ten are two others called "Bitcoin" as variants.



As for me....yes....I "get it".

I WAS interested in crypto years ago...up until Charlie Lee from Litecoin showed what the true weakness was in the space. Greed.

The lesson here is don't by alts (aka shitcoins). Buy the real thing. Greed works two ways - scammers came out with new hyped up coins, and people bought them thinking they were "cheap". Buy only the real thing. Bitcoin. Simple.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on May 05, 2020, 02:14:21 AM
Quote from: gib on May 04, 2020, 10:57:33 PM
Read the whole thread Pelluis - you are asking the right questions. The answers are all in the thread. Read from beginning to end.

"Bitcoin Plus" coins, were indeed created - many people created new coins. They failed. Just like with naturally occurring items in the world, we in the past put value in bones, feathers, rocks, etc but collectively gravitated to gold. In the digital world, this same phenomenon also played out, and BTC came out on top.

Jeee man, this thread is 127 pages long and three years old. The one thing I notice is that it is a very volatile stock. Just goes up and down by the second. I made $150 one day and lost it all the next.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 05, 2020, 08:59:31 AM
I will at some point summarise the key nuggets. But I promise if you have the time it’s worth the read.

If there is one piece of advice I can give you is buy some, put it into cold storage (ie take it off the exchange so no one else can touch it). Store your key carefully. And don’t bother watching daily price movements. The time may well come when everyone wished they had taken these steps...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on May 05, 2020, 06:30:43 PM
Quote from: pellius on May 05, 2020, 02:14:21 AM
Jeee man, this thread is 127 pages long and three years old. The one thing I notice is that it is a very volatile stock. Just goes up and down by the second. I made $150 one day and lost it all the next.



Godess Pele is hangry !?. Something is no good !.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: komal on May 06, 2020, 01:11:26 AM
if this the case, one of my relative will be millionaire soon!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 06, 2020, 05:20:21 AM
Quote from: komal on May 06, 2020, 01:11:26 AM
if this the case, one of my relative will be millionaire soon!!

Well yes BTC may well appreciate extremely over the next decade. But it’s not just for the money. It’s for the freedom it offers. It’s gives you choices in an increasingly controlled world. It will keep you (or maybe even transform you) into 1%er in terms of wealthy and power. It’s ultimately a hedge in the future. Almost every person who works for any of the FANG companies owns
BTC. Almost every young banker and hedge fund employee owns BTC. Almost everyone in fintech has BTC. Yes there drug dealers too. Shady politicians. Businessmen. Husbands trying to hide warrants from wives. Dictators. Spys. You name it. But the collection of who is buying alone should tell you something. Soon a coin will be out of reach. For many people in the world it already is and they will increasingly slave away for bits of coins. Those bits will become rarer and more expensive over time which in turn will drive demand. It’s a virtuous circle.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on May 07, 2020, 03:06:37 PM



Poor black man dreams  ::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on May 07, 2020, 07:45:25 PM
Looks like it's on it's way to 10,000. Been rising steadily all day.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 07, 2020, 08:18:17 PM
Quote from: pellius on May 05, 2020, 02:14:21 AM
Jeee man, this thread is 127 pages long and three years old. The one thing I notice is that it is a very volatile stock. Just goes up and down by the second. I made $150 one day and lost it all the next.

The market is still in its infancy stages, 11 years old.  I’ve seen swings up to 60-90%. As the market matures and btc are slowly gobbled up we will see less volatility and a bit more stability.  If you have 700$ today in btc by 2021-2022 most likely be 7k(min) if left in cold storage or Hardware wallet.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on May 07, 2020, 08:27:26 PM
Quote from: Theoak* on May 07, 2020, 08:18:17 PM
The market is still in its infancy stages, 11 years old.  I’ve seen swings up to 60-90%. As the market matures and btc are slowly gobbled up we will see less volatility and a bit more stability.  If you have 700$ today in btc by 2021-2022 most likely be 7k(min) if left in cold storage or Hardware wallet.

So, the current price as I type this is 9921.95.  If 700 today is 7k min by 2022.  Then 9921.95 becomes 99,219.50 min by 2022. 

Do you really believe that?   ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 07, 2020, 10:47:56 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on May 07, 2020, 11:31:42 PM
What is an ETF? Not just what it stands for but what does it do?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 08, 2020, 12:35:37 AM
Quote from: Twaddle on May 07, 2020, 08:27:26 PM
So, the current price as I type this is 9921.95.  If 700 today is 7k min by 2022.  Then 9921.95 becomes 99,219.50 min by 2022. 

Do you really believe that?   ???

Yes.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on May 08, 2020, 03:07:47 AM
You bozos are still going on and on about these blipcoins?

The price is highly correlated with the stock market.

Never made it back to $20K and it never will.   

McAfee eating his dick yet? - lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on May 08, 2020, 03:12:40 AM
Quote from: gib on May 07, 2020, 10:47:56 PM


CNBS has cheerleaded every bogus bubble there ever was.  Yet, the idiots here still hanging on every word they say.  LOL
 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 08, 2020, 09:06:53 AM
Mr A - you are back!

BTC has outperformed all major asset classes this year already.

Since this thread was started BTC has doubled in value.

You are a smart guy (or at least not a dumb one). You will almost certainly buy BTC and you will use it (if you have not done so already). Don’t be ashamed to admit you were wrong.

Never forget. First .001 cent. Then .01 cent. Then .1 cent. Then 1 cent. Then 10 cents. Then a dollar. Then 10 dollars. Then 100 dollars. Then 1000 dollars. We are about to hit 10000 dollars. And you know what comes next in this pattern ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on May 08, 2020, 09:15:06 AM
Quote from: gib on May 08, 2020, 09:06:53 AM
Mr A - you are back!

BTC has outperformed all major asset classes this year already.

Since this thread was started BTC has doubled in value.

You are a smart guy (or at least not a dumb one). You will almost certainly buy BTC and you will use it (if you have not done so already). Don’t be ashamed to admit you were wrong.

Never forget. First .001 cent. Then .01 cent. Then .1 cent. Then 1 cent. Then 10 cents. Then a dollar. Then 10 dollars. Then 100 dollars. Then 1000 dollars. We are about to hit 10000 dollars. And you know what comes next in this pattern ...


It outperformed...because it's price cratered last year and the broader markets took a dump this year. Come on man....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on May 08, 2020, 06:57:08 PM
BTC has been nipping enticingly close to 10,000 over the last couple of days.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on May 08, 2020, 07:10:54 PM
Quote from: Twaddle on May 04, 2020, 06:43:59 AM
Everything you need to know.



I just tried watching this. Is this a joke? I can't understand a word he says. He just mumbles. What the F is he trying to say?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on May 09, 2020, 07:28:52 PM
I've been watching BTC lately and though it's been fluctuating here and there I noticed a distinct upward trend. I threw in another $1,600 dollars and just one and a half hour later I lost $350. It just took a big dump.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 09, 2020, 08:45:39 PM
Quote from: pellius on May 08, 2020, 07:10:54 PM
I just tried watching this. Is this a joke? I can't understand a word he says. He just mumbles. What the F is he trying to say?

LMAO

Pellius can be added to Armyofones sub 95 IQ list
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 09, 2020, 08:50:11 PM
Quote from: pellius on May 09, 2020, 07:28:52 PM
I've been watching BTC lately and though it's been fluctuating here and there I noticed a distinct upward trend. I threw in another $1,600 dollars and just one and a half hour later I lost $350. It just took a big dump.

Buy. And hold.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on May 09, 2020, 09:05:28 PM
Quote from: Flexacon on May 09, 2020, 08:45:39 PM
LMAO

Pellius can be added to Armyofones sub 95 IQ list

LMAO

If he's truly investing in bitcoin, that says enough.   :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 10, 2020, 01:53:41 AM
Quote from: Twaddle on May 07, 2020, 08:27:26 PM
So, the current price as I type this is 9921.95.  If 700 today is 7k min by 2022.  Then 9921.95 becomes 99,219.50 min by 2022. 

Do you really believe that?   ???

Currently bitcoin capitalisation is around the USD100-200 billion range, and due to bitcoin's unique programmable properties it makes it difficult to put that valuation into a neat type money supply classification of economics anyway.  A phase change to the next level at maybe 10-20x current capitalisations is not going leave bitcoin anywhere near 'geopolitical force' level, even at a peak.

However, the next level could easily attract a lot of the "stolen riches" that have been printed up to paper over the graft, malfeasance and theft from our hyper-financialised fiat-debt crony-socialist system.  The stolen riches are of the order USD10-20 trillion by my crude estimates.  Bitcoin going to USD2-3 trillion capitalisation in the next phase change would definitely vacuum up a chunk of some of the stolen riches but I don't see any geopolitical asset allocations (central banks, treasuries, national wealth funds, etc) at this phase.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 10, 2020, 02:06:15 AM
Quote from: Twaddle on May 09, 2020, 09:05:28 PM
LMAO

If he's truly investing in bitcoin, that says enough.   :D

Then I’ll happily join Pellius in that sub 95 IQ category of those invested in ‘blipcoin’.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on May 10, 2020, 05:23:34 PM
Quote from: Twaddle on May 09, 2020, 09:05:28 PM
LMAO

If he's truly investing in bitcoin, that says enough.   :D

I said that I didn't know shit about this. I saw it going up steadily so I threw in a couple of grand of play money. It went up to over $300 in less than a week. Then a couple of days ago I lost over $400 in minutes. Literally within minutes. I got screwed. Live and learn. No need to celebrate a person losing out in an investment. I would want everybody to succeed because not only is it good for the person it's good for the economy.

Here's the BTC graph of my brief history investing in bitcoins. Like I said, live and learn.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on May 10, 2020, 05:38:12 PM
Bitcoin can literally lose 15% of it's value, in 15 minutes.  All it takes is one whale, to sell off, and the price crashes.  It seems like it's far too easy for the big fish to manipulate. 

Way to volatile to be a safe investment.   :-\
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on May 10, 2020, 05:52:44 PM
Quote from: Twaddle on May 10, 2020, 05:38:12 PM
Bitcoin can literally lose 15% of it's value, in 15 minutes.  All it takes is one whale, to sell off, and the price crashes.  It seems like it's far too easy for the big fish to manipulate. 

Way to volatile to be a safe investment.   :-\

Like I said. Live and learn. That was a $400 dollar lesson. I should have bought some of those adjustable dumbells instead and start building a home gym.

I have noticed a way to manipulate BTC. When I don't watch it, I see that it has gone up since the last time I checked. Then when I keep watching it, watching the value change every single second, it steadily goes down. LOL. That's a lot like my life. When I don't care about something it works in my favor. When I do it goes against me.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on May 11, 2020, 12:12:59 AM
Quote from: gib on May 09, 2020, 08:50:11 PM
Buy. And hold.

For at least 5 years IMO. Maybe much, much longer than that.

This thread is going to be so much fun.  8)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 11, 2020, 09:46:14 PM
And the having is upon us!

It now takes 2x the effort to mine a coin as it did yesterday. The BTC algorithm not only guarantees absolute scarcity but now also has caused a reduction in mining output.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 11, 2020, 10:57:10 PM
Quote from: gib on May 11, 2020, 09:46:14 PM
And the having is upon us!

It now takes 2x the effort to mine a coin as it did yesterday. The BTC algorithm not only guarantees absolute scarcity but now also has caused a reduction in mining output.

Well my sauces tell me to expect a big dip soon.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 11, 2020, 11:25:44 PM
Quote from: Flexacon on May 11, 2020, 10:57:10 PM
Well my sauces tell me to expect a big dip soon.

Barbecue and Tomato are hardly reliable sauces.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 12, 2020, 04:49:26 AM
I own some crytpo. Bitcoin, litecoin and xrp.

Xrp hasn't done shit. Litecoin has tanked since I purchased some and Bitcoin hasn't done enough to impress me.

I keep hearing all these people talk about how things will break out to the moon but so far it's just farts in the wind.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 12, 2020, 04:52:38 AM
Quote from: Theoak* on May 11, 2020, 11:25:44 PM
Barbecue and Tomato are hardly reliable sauces.

More reliable than gibbons
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 12, 2020, 08:48:09 AM
Quote from: Bindare_Dundat on May 12, 2020, 04:49:26 AM
I own some crytpo. Bitcoin, litecoin and xrp.

Xrp hasn't done shit. Litecoin has tanked since I purchased some and Bitcoin hasn't done enough to impress me.

I keep hearing all these people talk about how things will break out to the moon but so far it's just farts in the wind.

Huh? I suggest you go take a look at how BTC has performed since it was released...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on May 12, 2020, 02:27:32 PM
Quote from: gib on May 12, 2020, 08:48:09 AM
Huh? I suggest you go take a look at how BTC has performed since it was released...

I thought the halving would decrease the supply causing the demand, and therefore the price, to rise.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on May 12, 2020, 02:42:42 PM
Quote from: gib on May 12, 2020, 08:48:09 AM
Huh? I suggest you go take a look at how BTC has performed since it was released...


Wiggzy, how is massaging business in Florida doing ............... 8)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 13, 2020, 02:45:17 AM
Quote from: gib on May 12, 2020, 08:48:09 AM
Huh? I suggest you go take a look at how BTC has performed since it was released...

What good does looking back so many years do anyone getting into Bitcoin today? Seriously curious.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 13, 2020, 05:53:01 AM
Quote from: pellius on May 12, 2020, 02:27:32 PM
I thought the halving would decrease the supply causing the demand, and therefore the price, to rise.

The halving effect is arguably “priced in”. As the algorithm is public everyone knows when it will come and do arguably the effect is neutral. But either way there is potential huge upside ahead.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 13, 2020, 05:54:04 AM
Quote from: Bindare_Dundat on May 13, 2020, 02:45:17 AM
What good does looking back so many years do anyone getting into Bitcoin today? Seriously curious.

Some people believe the historical trend is a good predictor of future trend.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 13, 2020, 05:55:30 AM
(http://)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on May 13, 2020, 07:15:28 PM
Quote from: gib on May 13, 2020, 05:55:30 AM
(http://)

But in this case why would the halving drive prices down as there has been a steady trend downward? And why, when I look at BTC activity I see it points up at +3.74 but my balance just steadily ticks down by the second.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 13, 2020, 08:19:01 PM
Quote from: pellius on May 13, 2020, 07:15:28 PM
But in this case why would the halving drive prices down as there has been a steady trend downward? And why, when I look at BTC activity I see it points up at +3.74 but my balance just steadily ticks down by the second.

Halving did not drive prices down. Or up. The algorithm is public and as such the process for creation of BTC is priced in (or at least should be in theory).

Take your coins out of “your account”. And put them into cold storage. If they are sitting on an exchange you are taking some risk as the coins are not under your control.

Again put coins into storage and come back in 10 years. You will thank me.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on May 13, 2020, 10:08:12 PM
Quote from: gib on May 13, 2020, 08:19:01 PM
Halving did not drive prices down. Or up. The algorithm is public and as such the process for creation of BTC is priced in (or at least should be in theory).

Take your coins out of “your account”. And put them into cold storage. If they are sitting on an exchange you are taking some risk as the coins are not under your control.

Again put coins into storage and come back in 10 years. You will thank me.

I'll be 70 years old. I need to start ballin' now.  ;D

Cash app works differently. The cost and the way you were explaining cold storage to me gave me a headache. BTC will never take off with that kind of stuff nor with the volatility. How can you take a payment in BTC when it's worth $10 one minute and $9.50 the next?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: anabolicguru on May 13, 2020, 10:17:57 PM
BTC is "primary" used in the dark web, not really for day trading, maybe for long term investment, maybe, but its still all speculation, again, only use if for "purchase"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 13, 2020, 10:58:10 PM
Quote from: pellius on May 13, 2020, 10:08:12 PM
I'll be 70 years old. I need to start ballin' now.  ;D

Cash app works differently. The cost and the way you were explaining cold storage to me gave me a headache. BTC will never take off with that kind of stuff nor with the volatility. How can you take a payment in BTC when it's worth $10 one minute and $9.50 the next?

To younger person who thinks in BTC, its the USD that is fluctuating, not BTC. Reason being is that USD can be printed to infinity, whereas BTC is limited by mathematical certainty.

Gold also fluctuates in value second my second too by the way (indeed as so all currencies).

Over time we will see many apps built over BTC that enable you to pay and purchase.

Ask a younger person how to put into cold storage. Very simple. Get a Trezor Get your coins. Take your coins off the exchange. This is quite possibly your future retirement and security.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on May 14, 2020, 06:36:07 AM
Quote from: gib on November 09, 2017, 06:51:00 PM
Right now is still primarily being driven by tech geeks and little people. The big money will be moving in by 2020 though. That era will likely take the market price to over usd 100K per coin.

Gibs,

When will we see the big money move in?   ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 14, 2020, 06:59:19 AM
Quote from: Twaddle on May 14, 2020, 06:36:07 AM
Gibs,

When will we see the big money move in?   ???

I would see many of "big money" are already in, but only with a very small % of their overall allocations. What I think will be the big mover is when the masses from emerging countries start buying in, as they acquire increased spending power. India. Latin America. Indonesia. Philippines. Africa. etc.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on May 14, 2020, 03:30:23 PM
Quote from: gib on May 14, 2020, 06:59:19 AM
I would see many of "big money" are already in, but only with a very small % of their overall allocations. What I think will be the big mover is when the masses from emerging countries start buying in, as they acquire increased spending power. India. Latin America. Indonesia. Philippines. Africa. etc.


Hey Wiggzy, can U name just 3 'emerging' Central American countries ........................ ........................ .............. ;D
 


Still no names           ::) ;D


Still no names (22/05/2020)   ::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 15, 2020, 04:48:29 AM
Quote from: gib on May 13, 2020, 10:58:10 PM
To younger person who thinks in BTC, its the USD that is fluctuating, not BTC. Reason being is that USD can be printed to infinity, whereas BTC is limited by mathematical certainty.

Gold also fluctuates in value second my second too by the way (indeed as so all currencies).

Over time we will see many apps built over BTC that enable you to pay and purchase.

Ask a younger person how to put into cold storage. Very simple. Get a Trezor Get your coins. Take your coins off the exchange. This is quite possibly your future retirement and security.

Nobody thinks in BTC.

It is BTC that fluctuates due to it's volatility as people enter and exit. I explained in this long ass thread somewhere the actual real dollar investment behind BTC was minuscule, hence it's volatility.

Best case it becomes the new age hedge (like gold). Investing in metals is a pain in the ass whereas crypto is a piece of piss. If you watch the metals market the biggest risk is speculators trying to crash the trading platforms buying metals they don't want delivery for (see the current oil crisis for what happens when it backfires). It's mental. Crypto solves that problem as you can't crash it.

5yr-10yr timeline for something big to happen and given the globe has a long term QE outlook, this is an actual legitimate chance for crypto to act as a hedge. FWIW i am already in for a 10yr hold.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gmflex on May 15, 2020, 05:35:06 AM
A buddy sent me this..
He makes a living investing in different stuff...
His had a couple success where he doesn't have to work a 9 to 5 job..

I'm going to read thru it.. Anybody heard of this company?

https://www.vbitmining.com/how-vbit-mining-works/ (https://www.vbitmining.com/how-vbit-mining-works/)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 15, 2020, 07:18:15 AM
Quote from: Mayday on May 15, 2020, 04:48:29 AM
Nobody thinks in BTC.

It is BTC that fluctuates due to it's volatility as people enter and exit. I explained in this long ass thread somewhere the actual real dollar investment behind BTC was minuscule, hence it's volatility.

Best case it becomes the new age hedge (like gold). Investing in metals is a pain in the ass whereas crypto is a piece of piss. If you watch the metals market the biggest risk is speculators trying to crash the trading platforms buying metals they don't want delivery for (see the current oil crisis for what happens when it backfires). It's mental. Crypto solves that problem as you can't crash it.

5yr-10yr timeline for something big to happen and given the globe has a long term QE outlook, this is an actual legitimate chance for crypto to act as a hedge. FWIW i am already in for a 10yr hold.

The amount of BTC is finite. The amount of dollars that can be printed is infinite.

As BTC market cap grows it should become less volatile (and obviously will increase in value due to its limited supply). Over time it could become increasingly like a black hole that absorbs exponentially more capital as it grows in size and gravitational force. The actual real dollar investment that goes into printing a bank note is almost zero. The actual real dollar investment that does into mining a bitcoin is substantial (due to combination of the algorithm and energy and mining equipment costs).

Agree on the hedge. It’s a potential huge hedge if certain worst case scenarios were to occur. Which is why I would advice every single person who is currently privileged enough in life to be able to afford to get a coin, to get one now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on May 15, 2020, 05:06:13 PM
I was up $110 yesterday and now I'm down $275 today. Amazing how quickly BTC fluctuates.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 15, 2020, 09:40:13 PM
Quote from: gib on May 15, 2020, 07:18:15 AM
The amount of BTC is finite. The amount of dollars that can be printed is infinite.

Currency printing is what causes asset growth. Printing devalues debt over time.

Currency printing is the offset to charging interest. Ever wondered why currency printing is linked.to interest rates? It's to insert new money into the pool as the money spent on interest ends up with the banks.

Having a fixed pool of money doesn't work because the charging of interest means all money in that fixed pool ends up with the banks. That is the downfall of crypto.

Crypto was invented as a fuck you to all the rich banks. A system for black market transactions. It was never meant to replace a country's monetary system. The only reason it's as big as it is is thanks.to Marketeers who pushed this message of a.new.global currency.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on May 16, 2020, 03:48:24 AM
This brings up the question about our dollar currency.  Isn't most currency digital?  Most transactions we make eliminate the need for physical currency.  If every American withdrew all of their money today from bank accounts, PayPal, investments, etc, would there even be enough currency to cover it?  If not, is hyperinflation possible?  Modern day finance is mostly an agreement to send my digits to someone else's account with no paper currency ever changing hands.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 16, 2020, 06:41:39 AM
Quote from: Humble Narcissist on May 16, 2020, 03:48:24 AM
This brings up the question about our dollar currency.  Isn't most currency digital?  Most transactions we make eliminate the need for physical currency.  If every American withdrew all of their money today from bank accounts, PayPal, investments, etc, would there even be enough currency to cover it?  If not, is hyperinflation possible?  Modern day finance is mostly an agreement to send my digits to someone else's account with no paper currency ever changing hands.

Your questions basically provide the answer as to why we should all grab some bitcoin now whilst we still can as a hedge to such future scenarios.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on May 16, 2020, 02:53:15 PM
Quote from: gib on May 14, 2020, 06:59:19 AM
I would see many of "big money" are already in, but only with a very small % of their overall allocations. What I think will be the big mover is when the masses from emerging countries start buying in, as they acquire increased spending power. India. Latin America. Indonesia. Philippines. Africa. etc.


Just name 5 , out of 55 Afro 'emerging' countries  :D

Europe,Australia,USA,Japan must be so jelaous of those 'emerging' Afro nations !.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 16, 2020, 10:26:44 PM
Quote from: Humble Narcissist on May 16, 2020, 03:48:24 AM
This brings up the question about our dollar currency.  Isn't most currency digital?  Most transactions we make eliminate the need for physical currency.  If every American withdrew all of their money today from bank accounts, PayPal, investments, etc, would there even be enough currency to cover it?  If not, is hyperinflation possible?  Modern day finance is mostly an agreement to send my digits to someone else's account with no paper currency ever changing hands.

Ratio to M3 is around 34 times leverage to currency. Then you have commodities on top. This is why when things come undone, it happens so fast now because leverage and margin money evaporates in full. Pretty hectic.

So if one wants to move to a system where leverage and margin isn't available, the real value of currency has to take place. For arguments sake, 1 BTC might need to be worth 1 Billion. 

This is why the crypto group push so hard on their marketing blurb for a global currency. Not because their idea would work but because they would become the richest people on the planet overnight. As the price goes up, you will have these consistent drops along the way as the big holders get out little bit.by little bit.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 17, 2020, 02:11:56 AM
Quote from: Teutonic Knight 1 on May 16, 2020, 02:53:15 PM

Just name 5 , out of 55 Afro 'emerging' countries  :D

Europe,Australia,USA,Japan must be so jelaous of those 'emerging' Afro nations !.

Gib has obviously never been to Africa or lived there.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on May 17, 2020, 04:22:41 AM
Quote from: Teutonic Knight 1 on May 16, 2020, 02:53:15 PM

Just name 5 , out of 55 Afro 'emerging' countries  :D

Europe,Australia,USA,Japan must be so jelaous of those 'emerging' Afro nations !.

Nibiru will flourish through bitcoin, just like wakanda flourished through vibranium
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on May 17, 2020, 07:49:38 PM
I like Kiyosaki but he hasn't been correct about much outside of real estate:


" Robert Kiyosaki predicts that Bitcoin’s price will rise nearly 100% per year over the next three years. (75k) "

https://cointelegraph.com/news/robert-kiyosaki-predicts-bitcoin-will-be-worth-75k-in-3-years
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on May 18, 2020, 02:49:05 PM
Quote from: a_pupil on May 17, 2020, 04:22:41 AM
Nibiru will flourish through bitcoin, just like wakanda flourished through vibranium


Still no #.2 of that stupid movie ???.

                    ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on May 21, 2020, 04:03:27 PM
Can anybody explain this current Satoshi Nakamoto thing causing the price to take another dive and a block of cryptocurrency changing hands and why does it matter?

Seems like any change in the status quo always results in a price drop.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on May 21, 2020, 06:29:29 PM
Quote from: pellius on May 21, 2020, 04:03:27 PM
Can anybody explain this current Satoshi Nakamoto thing causing the price to take another dive and a block of cryptocurrency changing hands and why does it matter?

Seems like any change in the status quo always results in a price drop.



I feel bad for you being so late in this thing. Satoshi Nakamoto is the likely just the pen name for NSA or other gov agency that put this thing in motion as a beta test for bits and bytes to replace paper currency when they reset the dollar. It took off much better than they thought so they just put stops in place to control it while they track everyone using it. Eventually they will kill it off and put in place the FedCoin that will be the new slave money. For anyone who wants to say they can't shape thought like that.....just look at the fallout from this Covid-19 guy...which has caused otherwise normal people to become masked snitches.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 22, 2020, 03:41:18 AM
Quote from: SOMEPARTS on May 17, 2020, 07:49:38 PM
I like Kiyosaki but he hasn't been correct about much outside of real estate:


" Robert Kiyosaki predicts that Bitcoin’s price will rise nearly 100% per year over the next three years. (75k) "

https://cointelegraph.com/news/robert-kiyosaki-predicts-bitcoin-will-be-worth-75k-in-3-years

He advocated keeping most of one's investments in boxes of gold and silver.

He has good advice in other areas but keeping large amounts of treasure chests in one's home is a bit risky. The house could be burned down, robbed etc.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on May 22, 2020, 06:45:00 AM
Bitcoin going up = gib 1000 posts a day


Bitcoin going down = crickets
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 22, 2020, 06:49:50 AM
Silly comment, and BTC goes up and down an almost infinite number of times per day. Only so many posts I can make.

I have explained many times, why its worth owning BTC, and also why you should buy and hodl for life. You will see... The breadcrumbs have been left for you to follow my fellow getbigger friends (and foes).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on May 22, 2020, 10:55:17 AM
Quote from: TheGrinch on May 22, 2020, 06:45:00 AM
Bitcoin going up = gib 1000 posts a day


Bitcoin going down = crickets

He's done that many, many times on this thread.   

For some good laughs go back and read the beginning of this thread.  His predictions were absolutely absurd... $100,000-$250,000 per blipcoin.   

These crypto devotees are like a religious cult of myopic sociopaths all circle jerking each other.     
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on May 22, 2020, 10:56:46 AM
Quote from: gib on May 22, 2020, 06:49:50 AM
Silly comment, and BTC goes up and down an almost infinite number of times per day. Only so many posts I can make.

I have explained many times, why its worth owning BTC, and also why you should buy and hodl for life. You will see... The breadcrumbs have been left for you to follow my fellow getbigger friends (and foes).

Nobody cares about your asinine explanations.  All you're trying to do here is validate yourself.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 22, 2020, 08:42:30 PM
Quote from: Mr Anabolic on May 22, 2020, 10:56:46 AM
Nobody cares about your asinine explanations.  All you're trying to do here is validate yourself.

BTC has doubled since this thread started. It’s validated itself. You cannot fight the immutable laws of mathematics.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 22, 2020, 09:01:00 PM
Now might be a good time to mete out a little validation...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 22, 2020, 09:03:12 PM
Take a look at your top 5 prior occasions when you called bitcoin a bubble and said it’s value would fall. Your irrational hatred of bitcoin goes back a loooong way (and has been preserved in eternity in the bitcoin archives. Something to look back on from time to time ...

Validation enough for you my friend?  :o

Be honest. Do you seriously still not own any BTC? (There is nothing shameful in my view, in admitting you were wrong, and then acting accordingly. Buffet did this recently with airline stocks).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on May 23, 2020, 03:50:33 PM
Quote from: Mr Anabolic on May 22, 2020, 10:55:17 AM
He's done that many, many times on this thread.   

For some good laughs go back and read the beginning of this thread.  His predictions were absolutely absurd... $100,000-$250,000 per blipcoin.   

These crypto devotees are like a religious cult of myopic sociopaths all circle jerking each other.   


 :o, who will be depositing ( & why  ::)) US $ 100,000 - $ 250,000 on Wiggzy/gib's bank account  ;D ;D ;D

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on May 23, 2020, 07:44:42 PM
Bitcoin in 2012
It's decentralized, anonymous, rare by design, high tech, unbreakable encryption...the free people's money that will break the backs of the banks and govts and be accepted everywhere with almost no transaction fees.

Bitcoin in 2020
Okay so almost none of that was true, but still buy it because of the name recognition and it will probably go up to 20k again if we can get enough people in the ponzi.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 23, 2020, 08:28:16 PM
Mr A let me put you on spot here.

You have been repeatedly proven wrong with your telling people that bitcoin would collapse time and time again. See the attached examples, captured for getbig history.

(You have also been repeatedly wrong predicting a stock market crash 2010, 2011, 2012, 2013, 2014. 2015, 2016, 2017, 2018, 2019, and 2020 (although this year is not over yet). But still that is an appalling track record.

Do you think bitcoin will do up from here or are you again calling the peak? Put down a clear measurable number in USD that you believe BTC will not exceed. You have already stated that 100k is “absurd”. How about 50k? 30K. 15K. Come on, man up and put your money where your mouth is.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on May 24, 2020, 04:21:43 AM
Quote from: SOMEPARTS on May 23, 2020, 07:44:42 PM
Bitcoin in 2012
It's decentralized, anonymous, rare by design, high tech, unbreakable encryption...the free people's money that will break the backs of the banks and govts and be accepted everywhere with almost no transaction fees.

Bitcoin in 2020
Okay so almost none of that was true, but still buy it because of the name recognition and it will probably go up to 20k again if we can get enough people in the ponzi.

It all came crumbling down once people realized that one of the largest holders of Bitcoin is the US government and that exchanges like Coinbase were going to carry out KYC.

Yes, Bitcoin is confiscated on a daily basis. Yes, Bitcoin is not anonymous. Yes, Bitcoin is decentralized, but then again, who the fuck cares if the database is decentralized if no one uses it?

Even the encryption protocols are going to be turned to shit once someone finishes a customized quantum computer (which is around the corner by the way).

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on May 24, 2020, 04:33:25 AM
Quote from: gib on May 23, 2020, 08:28:16 PM
Mr A let me put you on spot here.

You have been repeatedly proven wrong with your telling people that bitcoin would collapse time and time again. See the attached examples, captured for getbig history.

(You have also been repeatedly wrong predicting a stock market crash 2010, 2011, 2012, 2013, 2014. 2015, 2016, 2017, 2018, 2019, and 2020 (although this year is not over yet). But still that is an appalling track record.

Do you think bitcoin will do up from here or are you again calling the peak? Put down a clear measurable number in USD that you believe BTC will not exceed. You have already stated that 100k is “absurd”. How about 50k? 30K. 15K. Come on, man up and put your money where your mouth is.

You either have OCD, ADD or are just plain retarded.   

Blips did collapse you myopic idiot... just like I predicted... $20K to 3K IS a collapse.  All the absurd lies you were telling about it from the beginning; it's money, not taxable, private, decentralized, going to $100-$250K, etc.  lol
 
The stock market is totally being propped up by the Fed's funny money machine.  TRILLIONS of dollars created from nothing, then injected into it.  It's all fake and it WILL ultimately collapse, but in the meantime I'll continue to extract money from it on a daily basis.  The profits one can earn trading derivatives (what I do) makes your precious blipcon gains look like nothing.  Those 1000-5000% profit days are long gone.  Go eat your dick with McAfee.   

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on May 24, 2020, 04:47:38 AM
Quote from: Slapper on May 24, 2020, 04:21:43 AM
It all came crumbling down once people realized that one of the largest holders of Bitcoin is the US government and that exchanges like Coinbase were going to carry out KYC.

Yes, Bitcoin is confiscated on a daily basis. Yes, Bitcoin is not anonymous. Yes, Bitcoin is decentralized, but then again, who the fuck cares if the database is decentralized if no one uses it?

Even the encryption protocols are going to be turned to shit once someone finishes a customized quantum computer (which is around the corner by the way).

Forget it, you cannot talk sense to this guy.  Even with facts and pulling up his old contrary posts.  It's not even worth the effort.   
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 24, 2020, 04:54:46 AM
Quote from: Mr Anabolic on May 24, 2020, 04:33:25 AM
You either have OCD, ADD or are just plain retarded.   

Blips did collapse you myopic fuck tard... just like I predicted... $20K to 3K IS a collapse.  All the absurd lies you were telling about it from the beginning; it's money, not taxable, private, decentralized, going to $100-$250K, etc.  lol
 
The stock market is totally being propped up by the Fed's funny money machine.  TRILLIONS of dollars created from nothing, then injected into it.  It's all fake and it WILL ultimately collapse, but in the meantime I'll continue to extract money from it on a daily basis.  The profits one can earn trading derivatives (what I do) makes your precious blipcon gains look like nothing.  Those 1000-5000% profit days are long gone.  Go eat your dick with McAfee.

Yes, investments and any earnings from bitcoin have to be declared in tax returns.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on May 24, 2020, 04:59:15 AM
Quote from: Griffith on May 24, 2020, 04:54:46 AM
Yes, investments and any earnings from bitcoin have to be declared in tax returns.

Yes, but 50-60 pages ago Gibberish was claiming he didn't have to pay taxes on his blipcoin gains.   Blips are taxed at the highest tax rate too.  Derivatives/futures/options are only taxed at 22-25%.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 24, 2020, 05:33:45 AM
Quote from: Mr Anabolic on May 24, 2020, 04:33:25 AM
You either have OCD, ADD or are just plain retarded.   

Blips did collapse you myopic fuck tard... just like I predicted... $20K to 3K IS a collapse.  All the absurd lies you were telling about it from the beginning; it's money, not taxable, private, decentralized, going to $100-$250K, etc.  lol
 
The stock market is totally being propped up by the Fed's funny money machine.  TRILLIONS of dollars created from nothing, then injected into it.  It's all fake and it WILL ultimately collapse, but in the meantime I'll continue to extract money from it on a daily basis.  The profits one can earn trading derivatives (what I do) makes your precious blipcon gains look like nothing.  Those 1000-5000% profit days are long gone.  Go eat your dick with McAfee.

So just as I thought, you won’t make a prediction. So, unless you dispute it, let’s put you down for saying BTC will not go above 10K this time, fair enough? (If not, speak up or I will hold you to this, and add that to the list of repeatedly higher and higher prices you predicted were the peak, which each time were surpassed).

You were calling BTC a bubble when it was $401. It’s now over $8000. More than a 2000% increase since your first recorded view on the value of BTC. Everything I have said about BTC is correct. People can read the full explanations I gave you on each of the many “objections” you raised as to the validity of BTC (although at some point I might prepare a summary of the key pearls of wisdom for easy reading). At a very basic level it is increasingly functioning as digital gold. Only with far more appeal to a newer tech savvy generation who overtime will inherit increasing amounts of the world’s wealth.

Your explanation as to why you were wrong about the stock market (repeatedly, each year for nearly a DECADE!) certainly is a partial explanation why the market has kept going up in nominal terms. The irony here of course being how you fail to see exactly how (and why) this phenomenon makes the case for BTC.

One can make big profits (and losses) trading derivatives, that is for sure. And on that note, if you have been shorting stocks on the basis they were going to fall for each of the years you said they would, you must have made big losses. (The lesson you learned there was “don’t fight the Fed”).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 24, 2020, 05:43:33 AM
Quote from: Griffith on May 24, 2020, 04:54:46 AM
Yes, investments and any earnings from bitcoin have to be declared in tax returns.

Not quite correct. It depends what country you are in. In numerous countries, no capital gains tax or income tax is charged on any increase in value of BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 24, 2020, 05:47:11 AM
Quote from: Mr Anabolic on May 24, 2020, 04:59:15 AM
Yes, but 50-60 pages ago Gibberish was claiming he didn't have to pay taxes on his blipcoin gains.   Blips are taxed at the highest tax rate too.  Derivatives/futures/options are only taxed at 22-25%.

You are wrong about taxes. I explained to you at the time (and will do it again) it depends on which country you are based in. Further, even in the US the tax man would first need to know that you even own BTC. BTC can be acquired anonymously via a direct peer to peer transaction. So only visible to tax man if you are trading via a regulated US exchange.

Let me give you just a few examples to help open your mind:

https://nomoretax.eu/bitcoin-tax-haven-germany/

https://cointelegraph.com/news/portugal-tax-authority-bitcoin-trading-and-payments-are-tax-free

https://www.forbes.com/sites/rogerhuang/2019/06/24/seven-countries-where-cryptocurrency-investments-are-not-taxed/#457a57457303

Etc etc. Your lesson here it to stop making statements that may apply to specific situations, and then try to tell people they apply in all cases.

I have also explained how BTC can be entirely anonymously traded. I think at a high level, you may be confusing the technical functionality of BTC, with the fact that a transaction may (or may not) be linked with personally identifying information. At a very simple level, imagine you give me cash. I transfer you BTC. That transaction is recorded on the ledger, but the ledger does not know either who you or me are. All it records and confirms are that blips have been transferred.

One very simple to read article here (as some people are genuinely confused over this concept).

https://coinsutra.com/anonymous-bitcoin-transactions/

The purpose of me explaining this is not just to again show how your have self-owned yourself, but a genuine attempt to educate you (and of course ensure that you don't mislead others with your false statements).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 24, 2020, 06:06:22 AM
Quote from: Slapper on May 24, 2020, 04:21:43 AM
It all came crumbling down once people realized that one of the largest holders of Bitcoin is the US government and that exchanges like Coinbase were going to carry out KYC.

Yes, Bitcoin is confiscated on a daily basis. Yes, Bitcoin is not anonymous. Yes, Bitcoin is decentralized, but then again, who the fuck cares if the database is decentralized if no one uses it?

Even the encryption protocols are going to be turned to shit once someone finishes a customized quantum computer (which is around the corner by the way).

Not correct US Govt is biggest holder. Please state your evidence for making this claim. Even if it was true (which its not) it makes no difference as BTC is controlled by its algorithm (and not the Government). Also the irony here is that the USD, (which I presume you do put faith) in is indeed controlled by the US government (which is indeed why so many people are losing faith in the USD!). 😂

You don’t need to trade BTC via an exchange, so you can keep your transactions anonymous if you wish. And unlike a bank you also don’t need to (and indeed should not) keep your BTC on an exchange (other then for short periods of time). Having said that, the irony or your objection is of course that most legitimate asset classes and financial instruments are regulated. This opens the way up for banks and financial institutions to legitimately trade and invest in BTC, which is of course what we now see happening.

BTC can be held and traded anonymously or via an exchange. Both options exist. I have explained that many times. It’s misleading (and false)  to make a broad statement that BTC “is not anonymous” or “will be taxed”‘etc.

As for being confiscated, yes of course if people are using it for illegal activities it could be seized by force if your private keys were obtained or if your coin was on an exchange or with a bank over which law enforcement had jurisdiction. It is also impossible to seize, if you refuse to hand over your keys. Some major criminals simply claim they have "forgotten" their keys when they are arrested or convicted. In such cases, its impossible for their BTC to be seized by authorities. Whey they get out, they fly of to (Malta, Spain, Prague - pick your retirement country of choice), and with a blip-pity blip (few clicks on a keyboard or phone) they have access to their illegitimate gains.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on May 24, 2020, 07:14:20 PM
Well, I'm no expert but all I know is that after purchasing a couple of thousands of BTC to get a feel of the market it initially went up about $200 for the first five days but since the halving, it's just been steadily going down, now below $9,000 and I have a total loss of over $500.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on May 24, 2020, 08:08:45 PM
Quote from: gib on May 24, 2020, 06:06:22 AM
Not correct US Govt is biggest holder. Please state your evidence for making this claim.

State your evidence otherwise, sounds like the know the demographics of the HODLers. In order to ETF they made a huge buy in...maybe not technically the govt but the lines are blurred when it comes to say Goldman/Fed/Govt/Wall Street etc.


BTC can be held and traded anonymously or via an exchange. Both options exist. I have explained that many times. It’s misleading (and false)  to make a broad statement that BTC “is not anonymous” or “will be taxed”‘etc.

If you want to be a criminal, sure...tax law is already in place. There is nothing anonymous about a ledger when they start a little forensic accounting. It's not like everyone accepts this for payment...you buy a car, a boat, a plane ticket...exchange into regular currentcy...all easily tracked or found with probably cause warrant.


As for being confiscated, yes of course if people are using it for illegal activities it could be seized by force

If you hold millions of value in anything you can be flipped. How fast do those lost codes come out when you are dangling off the roof of a hotel? Getting access is not the same as keeping the gains anymore than a tax evasion scenario is locking in misbegotten gain. If enough value is involved it's no different than any other store of value, BTC is no rulebreaker as it was promoted to be.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 24, 2020, 08:13:59 PM
Pellius - buying BTC and holding for a few weeks won’t do anything to help you “understand the market”. However the biggest benefit in you buying (part from actually owning it per se) is that you are understanding more about BTC as an asset class.

BTC is volatile. But don’t make the mistake that Mr Anabolic has made and confuse short term volatility with long term value. BTC is arguably a zero sum game. It either slowly declines to almost nothing, or it has massive upside. That upside will be far from a straight line. There will be bumps along the way and also periods of irrational euphoria and fear. For this reason, among others it’s worth owning some. Again store it safety and don’t be affected by short term movements.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on May 24, 2020, 08:15:31 PM
My last post was ignored, let's see a response this time.  8)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 24, 2020, 08:32:33 PM
Quote from: SOMEPARTS on May 24, 2020, 08:08:45 PM


Not much to say here (and funnily enough, and right on point, your quote just registers as a blank by GetBig). :)

Again there is no evidence the US Government "is one of the largest holders of Bitcoin". However we can be sure that many powerful people, and Governments are increasing their holdings. BTC is free to be purchased and used by anyone - this is its biggest strength.

Of course not everyone will accept payment in BTC. I have never claimed this, so not sure the point you are trying to make (which is rather obvious). If someone does not want to accept BTC for payment (or gold or silver, or a painting etc) you can simply convert that asset into something they might want to accept. Like cash, for example. And then you pay them with the medium of exchange that they are willing to accept. I have explained above how a BTC transaction can be entirely anonymous. Please read above posts. At a very simplistic level, BTC transactions are not linked to a person or identity. Public addresses are used for transactions- alphanumeric strings publically recorded on the blockchain. Its up to you if you do things to connect those anonymous blips to personally identifying information. Eg one obvious way to do this, might be to buy via an exchange with KYC requirements. If you did that, then of course your ownership could be traced (provided of course the personally identifying information you provided was truthful and accurate).  I didn't realize how many people genuinely confuse these concepts, but it seems many do.

Yes, violence can be used to extort a code out of someone. Just as it can be done to steal any physical asset, or to gain access to a person's bank account. Again, you are stating a very obvious point here, and I am not sure what the actual point is that you are trying to make.  I would say  though that its is far easier to steal most physical items, or assets held by a regulated 3rd party, than it is to literally gain access to a key in someone's head. (I was watching Breaking Bad a while ago, and had to laugh at those clowns hauling around drums of money from place to place and burying money in the desert etc. Would have been so much easier to reduce all to a BTC blip. Jessey would now be on a tropical island drinking pina coladas and enjoying some of the local hospitality with not a care in the world) ...:) .


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on May 24, 2020, 09:55:24 PM
Quote from: gib on May 24, 2020, 08:13:59 PM
Pellius - buying BTC and holding for a few weeks won’t do anything to help you “understand the market”. However the biggest benefit in you buying (part from actually owning it per se) is that you are understanding more about BTC as an asset class.

BTC is volatile. But don’t make the mistake that Mr Anabolic has made and confuse short term volatility with long term value. BTC is arguably a zero sum game. It either slowly declines to almost nothing, or it has massive upside. That upside will be far from a straight line. There will be bumps along the way and also periods of irrational euphoria and fear. For this reason, among others it’s worth owning some. Again store it safety and don’t be affected by short term movements.

Again, I'm no expert, but I did study econ in college. As the halving increased he cost to miner you will have less mining and/or miners. It seems that mining is very expensive and has to a least equal the cost of one BTC just to break even. So, as I understand it, if BTC is currently at $9,000 a miner has to make over that to mine one BTC or he loses money.

As the cost of mining a BTC goes up it will decrease the supply which is supposed to increase its value. But it also seems that this increases the transaction costs. The cost of buying and selling BTC. As cost goes up you have less of it. So fewer people are buying BTC as the transaction cost goes up so the demand falls.

This is what seems to be happening as I see BTC dropping every minute.

Of course, I'm stuck. I'm not going to bail when the value of my BTC continues to drop. I have to stick it out in hopes that I can at least get back to where I started but I certainly won't be buying anymore BTC when it's value will drop 5 seconds after I make the purchase. Of course, if it starts to rise and I see it's now in an upward trend I may reconsider. But right now I'm locked in unless I just want to get out and eat the loss and explain to my Parmakia why we don't need a new washer and dryer which the $500 I loss would have helped pay
for. (Our washer/dryer is just fine and works perfectly but she saw one at Costco "that would look so great".)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 24, 2020, 10:20:56 PM
Quote from: pellius on May 24, 2020, 09:55:24 PM
Again, I'm no expert, but I did study econ in college. As the halving increased he cost to miner you will have less mining and/or miners. It seems that mining is very expensive and has to a least equal the cost of one BTC just to break even. So, as I understand it, if BTC is currently at $9,000 a miner has to make over that to mine one BTC or he loses money.

As the cost of mining a BTC goes up it will decrease the supply which is supposed to increase its value. But it also seems that this increases the transaction costs. The cost of buying and selling BTC. As cost goes up you have less of it. So fewer people are buying BTC as the transaction cost goes up so the demand falls.

This is what seems to be happening as I see BTC dropping every minute.

Of course, I'm stuck. I'm not going to bail when the value of my BTC continues to drop. I have to stick it out in hopes that I can at least get back to where I started but I certainly won't be buying anymore BTC when it's value will drop 5 seconds after I make the purchase. Of course, if it starts to rise and I see it's now in an upward trend I may reconsider. But right now I'm locked in unless I just want to get out and eat the loss and explain to my Parmakia why we don't need a new washer and dryer which the $500 I loss would have helped pay
for. (Our washer/dryer is just fine and works perfectly but she saw one at Costco "that would look so great".)

Transaction cost is around $1 per transaction. Quite affordable for most getbiggers for a one off purchase or sale. Of course for day to day transactions in BTC this will be done via networks that are built on top of BTC, and which will be super fast and at almost zero margin (with the balance in BTC being reconciled from time to time by the transaction service provider). Google the Lighting Network.

The main thing you need to know is that BTC is limited in supply by its algorithm and that creating new coins becomes increasingly difficult over time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on May 24, 2020, 10:31:44 PM
Quote from: gib on November 09, 2017, 06:51:00 PM
Right now is still primarily being driven by tech geeks and little people. The big money will be moving in by 2020 though. That era will likely take the market price to over usd 100K per coin.

Gibs, there is only 6 months left in 2020.  Do you still believe the Bitcoin will be over 100K, in 2020?   ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on May 24, 2020, 10:42:06 PM
Quote from: gib on May 24, 2020, 10:20:56 PM
Transaction cost is around $1 per transaction. Quite affordable for most getbiggers for a one off purchase or sale. Of course for day to day transactions in BTC this will be done via networks that are built on top of BTC, and which will be super fast and at almost zero margin (with the balance in BTC being reconciled from time to time by the transaction service provider). Google the Lighting Network.

The main thing you need to know is that BTC is limited in supply by its algorithm and that creating new coins becomes increasingly difficult over time.

No way, when I cash out/sold $500 of my bitcoins there was like $6.35 transfer fee.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 25, 2020, 12:22:47 AM
That’s because you sold it on an exchange. The exchange will take a commission (just like a bank does on an FX transaction or like a broker does on a stock trade).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on May 25, 2020, 03:44:55 PM
Quote from: gib on May 24, 2020, 06:06:22 AM


 Some major criminals simply claim they have "forgotten" their keys when they are arrested or convicted. In such cases, its impossible for their BTC to be seized by authorities. Whey they get out, they fly of to (Malta, Spain, Prague - pick your retirement country of choice), and with a blip-pity blip (few clicks on a keyboard or phone) they have access to their illegitimate gains.



Stupid FUCK, you obviously never travel !. Crooks get busted at the EC points of entry & get booted back to the States !.

Name those 'major criminals' who retired in Czech Republic or Australia in the last 5 years !.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on May 25, 2020, 03:49:35 PM
Quote from: SOMEPARTS on May 24, 2020, 08:15:31 PM
My last post was ignored, let's see a response this time.  8)


& still no names of 'emerging' Central American & African countries ................... ;D ;D ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 25, 2020, 04:07:04 PM
Quote from: Teutonic Knight 1 on May 25, 2020, 03:49:35 PM

& still no names of 'emerging' Central American & African countries ................... ;D ;D ;D

 ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on May 25, 2020, 04:14:40 PM
Quote from: Teutonic Knight 1 on May 25, 2020, 03:44:55 PM

Stupid FUCK, you obviously never travel !. Crooks get busted at the EC points of entry & get booted back to the States !.

Name those 'major criminals' who retired in Czech Republic or Australia in the last 5 years !.

If only bitcoin existed back when vince basille had to flee canada
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 25, 2020, 04:26:19 PM
Many online stores have stopped accepting bitcoin as a payment option.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 25, 2020, 05:36:00 PM
Quote from: Griffith on May 25, 2020, 04:26:19 PM
Many online stores have stopped accepting bitcoin as a payment option.

And many have stopped (or never even started) accepting gold coins as payment. BTC is primarily an underlying store of value and a hedge against the decline of the USD (which of course is far easier to store, divide, transfer, hide, send internationally etc vs physical gold). There are networks built over BTC that will allow you to pay in “cash” but again just like gold you should typically keep longer term as a store of value, converting into cash or any food or service exchanged for as needed or requested by the seller.

See: https://cointelegraph.com/lightning-network-101/what-is-lightning-network-and-how-it-works
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 26, 2020, 04:58:41 AM
Quote from: Teutonic Knight 1 on May 25, 2020, 03:49:35 PM

& still no names of 'emerging' Central American & African countries ................... ;D ;D ;D

I normally ignore questions of an idiotic nature but I’ll answer this one. Despite perceptions, Africa is really the last frontier of growth. This is due to both population dynamics and natural resources.

We will see continued rising household consumption, predicted to reach $2.5 trillion by 2030. Seven countries, Nigeria, Ethiopia, the Democratic Republic of Congo, Egypt, Tanzania, Kenya, and South Africa, will soon hold half of the continent’s population, and 43% of Africans across the continent will belong to the middle or upper classes.

Given rampant corruption, lack of a unified currency, mistrust of banks, historical issues of hyperinflation and money printing, and a host of other factors, we will see massive demand for BTC from this region (and not just from Nigerian scammers). :)

Again just like with Covid I have sources on the ground. So trust me when I tell you. There is huge potential in Africa.

Whiggs I am sure would agree.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on May 26, 2020, 05:02:15 AM
Quote from: gib on May 26, 2020, 04:58:41 AM
I normally ignore questions of an idiotic nature but I’ll answer this one. Despite perceptions, Africa is really the last frontier of growth. This is due to both population dynamics and natural resources.

We will see continued rising household consumption, predicted to reach $2.5 trillion by 2030. Seven countries, Nigeria, Ethiopia, the Democratic Republic of Congo, Egypt, Tanzania, Kenya, and South Africa, will soon hold half of the continent’s population, and 43% of Africans across the continent will belong to the middle or upper classes.

Given rampant corruption, lack of a unified currency, mistrust of banks, historical issues of hyperinflation and money printing, and a host of other factors, we will see massive demand for BTC from this region (and not just from Nigerian scammers). :)

Again just like with Covid I have sources on the ground. So trust me when I tell you. There is huge potential in Africa.

Whiggs I am sure would agree.
(https://lh3.googleusercontent.com/proxy/4WfB4C7M225fwbKyKvzQMOqW6wf_Gj28r6j4WBX005Dzcb2UC3acDfqVjyRLgE7qgTPTZkpWB5DizmsarUeFkiV1VSmorXJCrTOdCrsrJAgeUNjdQ8F0z1UlCjuz6kX_hsKEFhuwJA)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on May 26, 2020, 05:20:03 AM
Quote from: Twaddle on May 26, 2020, 05:02:15 AM
(https://lh3.googleusercontent.com/proxy/4WfB4C7M225fwbKyKvzQMOqW6wf_Gj28r6j4WBX005Dzcb2UC3acDfqVjyRLgE7qgTPTZkpWB5DizmsarUeFkiV1VSmorXJCrTOdCrsrJAgeUNjdQ8F0z1UlCjuz6kX_hsKEFhuwJA)

There's clearly something wrong.  He'll do/say anything to try and validate himself, but it doesn't matter that his predictions have been dead wrong and everything he's claimed here is dead wrong, total bullshit (the Africa nonsense above) and outright lies.  Textbook sociopath.   
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 26, 2020, 06:48:03 AM
Everything I had said is correct. I have defeated all your concerns about the validity of BTC. Every time you have called BTC  a bubble it has gone higher. It’s almost double in value to what it was when I started this thread. You have refused to state what you think will be the highest BTC go (but agree implicitly that it won’t go higher than 10K again).

Calling people names etc won’t change the facts. I suspect you secretly own bitcoin. Despite being very stubborn and acting like an elderly man, you are too smart not to own some. And so in fact you will be thanking me when BTC hits 100k. And damn you know I’m going to be rubbing your face it it when BTC crosses 10K and then 100K.

Never forget. BTC started at $0.003.

Then  $0.01

Then  $0.1

Then  $1

Then $10

Then $100

Then $1000

What is next in this pattern ...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on May 26, 2020, 08:56:29 AM
Quote from: gib on May 26, 2020, 06:48:03 AM
Everything I had said is correct. I have defeated all your concerns about the validity of BTC. Every time you have called BTC  a bubble it has gone higher. It’s almost double in value to what it was when I started this thread. You have refused to state what you think will be the highest BTC go (but agree implicitly that it won’t go higher than 10K again).

Calling people names etc won’t change the facts. I suspect you secretly own bitcoin. Despite being very stubborn and acting like an elderly man, you are too smart not to own some. And so in fact you will be thanking me when BTC hits 100k. And damn you know I’m going to be rubbing your face it it when BTC crosses 10K and then 100K.

Never forget. BTC started at $0.003.

Then  $0.01

Then  $0.1

Then  $1

Then $10

Then $100

Then $1000

What is next in this pattern ...
Probably back down to $1.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 26, 2020, 09:49:57 AM
Quote from: Humble Narcissist on May 26, 2020, 08:56:29 AM
Probably back down to $1.

Could be. Could well be. Could also get to 10K then 100K. Are you prepared to stake your claim in the future?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on May 26, 2020, 10:02:51 AM
Quote from: gib on May 26, 2020, 09:49:57 AM
Could be. Could well be. Could also get to 10K then 100K. Are you prepared to stake your claim in the future?

...

Your BS never ends. 

I'll send you some Tabasco sauce.  You and McAfee can eat at his place. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on May 26, 2020, 10:14:18 AM
Quote from: gib on May 26, 2020, 09:49:57 AM
Could be. Could well be. Could also get to 10K then 100K. Are you prepared to stake your claim in the future?
I'm doing fine without Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 26, 2020, 10:54:33 AM
Quote from: Mr Anabolic on May 26, 2020, 10:02:51 AM
...

Your BS never ends. 

I'll send you some Tabasco sauce.  You and McAfee can eat at his place.

And you and BayGym can join that jerk off circle you so lovingly described earlier on.

Can’t chat. On a flight to NY about to take off!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on May 26, 2020, 11:08:37 PM
Quote from: Mr Anabolic on May 26, 2020, 05:20:03 AM
There's clearly something wrong.  He'll do/say anything to try and validate himself, but it doesn't matter that his predictions have been dead wrong and everything he's claimed here is dead wrong, total bullshit (the Africa nonsense above) and outright lies.  Textbook sociopath.


 ;D ;D ;D

Geography subject is just too complicated for him !.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on May 26, 2020, 11:11:58 PM
Quote from: gib on May 26, 2020, 04:58:41 AM
I normally ignore questions of an idiotic nature but I’ll answer this one. Despite perceptions, Africa is really the last frontier of growth. This is due to both population dynamics and natural resources.

We will see continued rising household consumption, predicted to reach $2.5 trillion by 2030. Seven countries, Nigeria, Ethiopia, the Democratic Republic of Congo, Egypt, Tanzania, Kenya, and South Africa, will soon hold half of the continent’s population, and 43% of Africans across the continent will belong to the middle or upper classes.

Given rampant corruption, lack of a unified currency, mistrust of banks, historical issues of hyperinflation and money printing, and a host of other factors, we will see massive demand for BTC from this region (and not just from Nigerian scammers). :)

Again just like with Covid I have sources on the ground. So trust me when I tell you. There is huge potential in Africa.

Whiggs I am sure would agree.

All B U L L S H I T .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 27, 2020, 04:46:09 AM
https://en.m.wikipedia.org/wiki/Economy_of_Africa

https://www.afdb.org/en/documents/african-economic-outlook-2020

https://www.economist.com/special-report/2020/03/26/many-of-africas-economies-are-doing-well
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on May 27, 2020, 04:50:08 AM
Quote from: Teutonic Knight 1 on May 26, 2020, 11:11:58 PM
All B U L L S H I T .

Just like 98% of his past posts in this thread. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 27, 2020, 05:25:28 AM
Quote from: Mr Anabolic on May 27, 2020, 04:50:08 AM
Just like 98% of his past posts in this thread.

Lol expect all I have stated is correct and was explained to you to help address each of your misunderstandings. Whilst it caused you to self own yourself it also helped re-educate you. You should be grateful for my efforts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on May 27, 2020, 05:35:35 AM
Quote from: gib on May 27, 2020, 05:25:28 AM
Lol expect all I have stated is correct and was explained to you to help address each of your misunderstandings. Whilst it caused you to self own yourself it also helped re-educate you. You should be grateful for my efforts.

A L L  B U L L S H I T

Look up "Narcissistic Personality Disorder", then get some help.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 27, 2020, 06:28:48 AM
See u at BTC 10K 😂
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on May 27, 2020, 06:49:30 AM
Quote from: gib on May 27, 2020, 06:28:48 AM
See u when BTC hits 10k ...

And?  Even if it does, so what.  Get some help.
 
To the mentally stable people this thread...

The days of 10,000% blipcoin profits are long gone.  Unless you got in a while back, you missed it.  Since blipcoin futures were created, the blips price is now 90% correlated to the stock market.

You want to make lots of money quickly?... learn how to trade futures and options.  There's a reason I was able to retire at 50.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 27, 2020, 06:52:01 AM
Quote from: Mr Anabolic on May 27, 2020, 06:49:30 AM
And?  Even if it does, so what.  Get some help.
 
To the mentally stable people this thread...

The days of 10,000% blipcoin profits are long gone.  Unless you got in a while back, you missed it.  Since blipcoin futures were created, the blips price is now 90% correlated to the stock market.

You want to make lots of money quickly?... learn how to trade futures and options.  There's a reason I was able to retire at 50.

So u think it might hit 10k? How high do you think it will go?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on May 27, 2020, 06:55:41 AM
Quote from: gib on May 27, 2020, 06:52:01 AM
So u think it might hit 10k? How high do you think it will go?

You are truly a myopic ignoramus.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 27, 2020, 07:00:32 AM
No. What I am forcing you to do is make an objectively measurable prediction. You claim BTC is a bubble, will drop to zero etc. Man up and put your money (and your options) where your mouth is.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on May 27, 2020, 02:19:06 PM
Quote from: Mr Anabolic on May 27, 2020, 04:50:08 AM
Just like 98% of his past posts in this thread.


It's Wiggzy , Wikipedia is his financial info department  ;D ;D ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on May 27, 2020, 02:21:58 PM
Quote from: gib on May 27, 2020, 06:28:48 AM
See u at BTC 10K 😂


Wiggzy, name just 1 individual who will deposit U.S. $ 100,000 (or more) on yours BTC account  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on May 27, 2020, 02:23:36 PM
Quote from: gib on May 27, 2020, 04:46:09 AM
https://en.m.wikipedia.org/wiki/Economy_of_Africa

https://www.afdb.org/en/documents/african-economic-outlook-2020

https://www.economist.com/special-report/2020/03/26/many-of-africas-economies-are-doing-well



So this is yours 'people on the ground' in Africa  ::) !.

                          ;D ;D ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on May 27, 2020, 02:31:58 PM
Quote from: gib on May 27, 2020, 07:00:32 AM
No. What I am forcing you to do is make an objectively measurable prediction. You claim BTC is a bubble, will drop to zero etc. Man up and put your money (and your options) where your mouth is.

You're "forcing me" huh - lol   What a fucking bozo.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 27, 2020, 03:35:32 PM
Quote from: gib on May 26, 2020, 04:58:41 AM
I normally ignore questions of an idiotic nature but I’ll answer this one. Despite perceptions, Africa is really the last frontier of growth. This is due to both population dynamics and natural resources.

We will see continued rising household consumption, predicted to reach $2.5 trillion by 2030. Seven countries, Nigeria, Ethiopia, the Democratic Republic of Congo, Egypt, Tanzania, Kenya, and South Africa, will soon hold half of the continent’s population, and 43% of Africans across the continent will belong to the middle or upper classes.

Given rampant corruption, lack of a unified currency, mistrust of banks, historical issues of hyperinflation and money printing, and a host of other factors, we will see massive demand for BTC from this region (and not just from Nigerian scammers). :)

Again just like with Covid I have sources on the ground. So trust me when I tell you. There is huge potential in Africa.

Whiggs I am sure would agree.

You have obviously never been to Africa.

And you even listed South Africa which shows you are absolutely clueless. After the country was handed over to a black government the country has been de-industrialising at about 40 % since 1994, the currency weakens non-stop every year, the currency is the most volatile in the world which is terrible for businesses. And the country is near bankrupt and has been dropped to junk status by all ratings agencies.

The government cadres have looted BILLIONS of dollars. They are communists who want to bring about the 'National Democratic Revolution' (same as Khmer Rouge). And the ANC regime are trying to gain control of the Reserve Bank, to nationalise it so they can print more money. To loot even more and make every one even poorer. They are even celebrating COVID-19.

Crime is of course completely out of control due to constant escalation of unemployment every year, over 40 %, while the birth rate increases, population goes up and GDP is either under 1 % and or in recession.

They haven't maintained the electricity grid which has been breaking down and has in itself been damaging the economy, even though they were repeatedly warned of this 15 years ago. 7 hours of 'load shedding' with no electricity due to crumbling infrastructure is not fun. This also damages production of industries and mines. Water supply and quality is also becoming a problem, once again due to no maintenance and general negligence and looting.

And foreign companies are deterred from investing, not only due to the general corruption and ineptitude of the government, but also their racial laws which stipulate they have to give 30 % FREE shares to blacks and have mandatory racial quotas. As it is with any large company which wants to start up.

And look at Zimbabwe. Angola, Mozambique, Zambia etc, all complete shitholes. Crumbling failed states. Botswana is an exception but they only have a population of 2.1 million and are basically one small city. Most of Africa is falling to pieces.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 27, 2020, 03:48:23 PM
The question was which countries in Africa can be considered emerging markets. I answered this above. Are there problems / challenges in Africa or with some particular African countries? Yes of course. But one should not confuse that with overall economic growth trends for the region. The demand and use case for BTC in Africa is explained quite well below:

Below explains this quite well.

https://cointelegraph.com/explained/crypto-in-africa-opportunities-and-challenges-explained

https://www.un.org/africarenewal/magazine/april-2018-july-2018/africa-could-be-next-frontier-cryptocurrency

https://www.iabfm.org/download.php?id=433
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on May 27, 2020, 03:58:31 PM
Quote from: Griffith on May 27, 2020, 03:35:32 PM
You have obviously never been to Africa.

And you even listed South Africa which shows you are absolutely clueless. After the country was handed over to a black government the country has been de-industrialising at about 40 % since 1994, the currency weakens non-stop every year, the currency is the most volatile in the world which is terrible for businesses. And the country is near bankrupt and has been dropped to junk status by all ratings agencies.

The government cadres have looted BILLIONS of dollars. They are communists who want to bring about the 'National Democratic Revolution' (same as Khmer Rouge). And the ANC regime are trying to gain control of the Reserve Bank, to nationalise it so they can print more money. To loot even more and make every one even poorer. They are even celebrating COVID-19.

They haven't maintained the electricity grid which has been breaking down and has in itself been damaging the economy, even though they were repeatedly warned of this 15 years ago. 7 hours of 'load shedding' with no electricity due to crumbling infrastructure is not fun. This also damages production of industries and mines. Water supply and quality is also becoming a problem, once again due to no maintenance and general negligence and looting.

And foreign companies are deterred from investing, not only due to the general corruption and ineptitude of the government, but also their racial laws which stipulate they have to give 30 % FREE shares to blacks and have mandatory racial quotas. As it is with any large company which wants to start up.

And look at Zimbabwe. Angola, Mozambique, Zambia etc, all complete shitholes. Crumbling failed states. Botswana is an exception but they only have a population of 2.1 million and are basically one small city. Most of Africa is falling to pieces.

It doesn't matter... in his myopic pea-brain $250K blipcoin is a given and he'll continue to post loads of bullshit here to try and validate himself.   

He'll disappear from this thread when blips crash again, just like he did when it crashed to $3K in 2018.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 27, 2020, 04:14:02 PM
Quote from: Mr Anabolic on May 27, 2020, 03:58:31 PM
It doesn't matter... in his myopic pea-brain $250K blipcoin is a given and he'll continue to post loads of bullshit here to try and validate himself.   

He'll disappear from this thread when blips crash again, just like he did when it crashed to $3K in 2018.

Never mind 250K, he had said he believes each bitcoin will be worth 'a million dollars'. And then still saying it was a good idea to buy when it was near 20k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 27, 2020, 04:15:37 PM
Quote from: Mr Anabolic on May 27, 2020, 03:58:31 PM
It doesn't matter... in his myopic pea-brain $250K blipcoin is a given and he'll continue to post loads of bullshit here to try and validate himself.   

He'll disappear from this thread when blips crash again, just like he did when it crashed to $3K in 2018.

Future upside is not a given. But a likelihood which I think is worth having some exposure to as a hedge against certain scenarios.

BTC is volatile. But don’t confuse volatility with long term value potential or with the other benefits BTC can provide.

You first called for BTC to fall at $400. Even at crash of $3000 that would have been a very impressive gain. It cannot feel good to have been continually wrong since that time (as you have also been for stocks since 2010). I think you learned your lesson which is also why you refuse to state what you think the highpoint of BTC will be. So yes, I likely will be back to remind you that you were wrong from time to time. The next time being 10K.

Again I challenge you to put your money where your mouth is Mr successful options trading anti-bitcoiner. What is the maximum it will reach, considering you think it a bubble and will fall?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 28, 2020, 01:30:41 AM
Quote from: Griffith on May 27, 2020, 04:14:02 PM
Never mind 250K, he had said he believes each bitcoin will be worth 'a million dollars'. And then still saying it was a good idea to buy when it was near 20k.

If you take a close look at halving prices you'll notice the first halving price ($13) is quite close to single figures.  Halving II price ($613) is squarely in the middle of 3 figures and Halving III price ($8,600) is actually quite close to 5 figures, we we're at 5 figures only the other day.  So single figures, 3 figures and 5 figures ... 1, 3, 5, ... would be interesting to see the moving average prices at halvings to smooth out some of the slop.

It's possible we could be at 7 figures, or near there by the Halving IV.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on May 28, 2020, 03:09:45 PM


Still no names of 'emerging' central American countries ............... :P
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OlympiaGym on May 28, 2020, 03:30:56 PM
 Crypto is too complicated IMHO to really become a true alternate currency. Yes, I can buy and sell crypto pretty easy and purchase items with it. However, I really have no idea what’s going on when I do. If all my crypto disappeared while I was transferring from an exchange to a wallet then what? Even an unverified transaction that sits for hours? Why can’t I just stop it? Who regulates the exchanges and wallets? I know the math is supposedly the regulator but if I drop some crypto in a wallet and the wallet disappears what then?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on May 28, 2020, 04:01:56 PM
Quote from: gib on May 27, 2020, 04:15:37 PM
Future upside is not a given. But a likelihood which I think is worth having some exposure to as a hedge against certain scenarios.

BTC is volatile. But don’t confuse volatility with long term value potential or with the other benefits BTC can provide.

You first called for BTC to fall at $400. Even at crash of $3000 that would have been a very impressive gain. It cannot feel good to have been continually wrong since that time (as you have also been for stocks since 2010). I think you learned your lesson which is also why you refuse to state what you think the highpoint of BTC will be. So yes, I likely will be back to remind you that you were wrong from time to time. The next time being 10K.

Again I challenge you to put your money where your mouth is Mr successful options trading anti-bitcoiner. What is the maximum it will reach, considering you think it a bubble and will fall?

lol - I learned my lesson?  WTF are you talking about?!?  ??? ??? ???

The only reason I read this thread is to laugh at the incessant bullshit you post here.

You really are a sociopath.  No joke.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 28, 2020, 10:30:28 PM
Quote from: Mr Anabolic on May 28, 2020, 04:01:56 PM
lol - I learned my lesson?  WTF are you talking about?!?  ??? ??? ???

The only reason I read this thread is to laugh at the incessant bullshit you post here.

You really are a sociopath.  No joke.

OK good. So in that case I send you this, with all my love. xxx blipty blip

https://minutes.co/is-bitcoin-a-fad-addressing-the-critiques-of-prominent-skeptics/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 28, 2020, 10:37:08 PM
Oh, and then there is this helpful guide, where you can see globally, where gains on BTC are and are not taxed (as I have tried to explain to you many times, tax laws vary per country, and in many countries gains on BTC are NOT taxable, either as income or as capital gains).

Further, that fact that such extensive regulations have been compiled, created, and continue to evolve should be able to tell (a smart man like) you something about what the future holds for BTC as an asset class...

Enjoy.

https://www.loc.gov/law/help/cryptocurrency/world-survey.php
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 28, 2020, 10:44:38 PM
Quote from: Teutonic Knight 1 on May 28, 2020, 03:09:45 PM

Still no names of 'emerging' central American countries ............... :P

Should be pretty obvious to most people, but in case it helps here is what you should focus on if interested in investing in that region. These countries are not without their problems and challenges, but also hold huge potential and opportunity. But back to the original point, the demand for BTC in these countries may well grow significantly over time (for reasons I have explained earlier).

https://www.nasdaq.com/articles/emerging-markets-latin-america-chile-brazil-colombia-peru-mexico-2015-10-19

The country weights in the MSCI Emerging Markets (EM) Latin America Index are: Brazil 46.6%, Mexico 36.51%, Chile 9.79%, Colombia 4.17% and Peru 2.93%.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Twaddle on May 28, 2020, 10:58:52 PM
Quote from: gib on May 28, 2020, 10:44:38 PM
Should be pretty obvious to most people, but in case it helps here is what you should focus on if interested in investing in that region. These countries are not without their problems and challenges, but also hold huge potential and opportunity. But back to the original point, the demand for BTC in these countries may well grow significantly over time (for reasons I have explained earlier).

https://www.nasdaq.com/articles/emerging-markets-latin-america-chile-brazil-colombia-peru-mexico-2015-10-19

The country weights in the MSCI Emerging Markets (EM) Latin America Index are: Brazil 46.6%, Mexico 36.51%, Chile 9.79%, Colombia 4.17% and Peru 2.93%.
(https://i.pinimg.com/originals/68/27/7d/68277d91632d1ea148e2bc4529bd72f3.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 29, 2020, 01:04:23 AM
It's OK Twaddle. He just likes making silly comments and struggles with English. However, occasionally I take pity and take the time to educate him a little, being the nice guy I am :) .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on May 29, 2020, 01:25:40 PM

Wigzzy: Brazil,Chile,Peru,Colombia a NOT central American countries  ;)

How is uncle Tedros of WHO 'fame'  :D

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on May 29, 2020, 01:42:45 PM
Quote from: gib on May 28, 2020, 10:44:38 PM
Should be pretty obvious to most people, but in case it helps here is what you should focus on if interested in investing in that region. These countries are not without their problems and challenges, but also hold huge potential and opportunity. But back to the original point, the demand for BTC in these countries may well grow significantly over time (for reasons I have explained earlier).

https://www.nasdaq.com/articles/emerging-markets-latin-america-chile-brazil-colombia-peru-mexico-2015-10-19

The country weights in the MSCI Emerging Markets (EM) Latin America Index are: Brazil 46.6%, Mexico 36.51%, Chile 9.79%, Colombia 4.17% and Peru 2.93%.

I have a serious question for you Gibby my lad...

Besides personal validation and a pump and dump, why are so myopic about blipcoins and post about it here everyday?  No one here seems to care about them except you.   

There are PLENTY of other ways to make money in the markets.  You can make 100-1000% profit by trading stock and futures options.  It's much easier/faster than sitting there waiting for blips price to increase.  Even trading regular futures indices (ES, US30, US500, USTEC, CL, etc.) is much more lucrative.  Blips will never appreciate like they did from the penny and single dollar digit price range, so why waste precious time?   
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 29, 2020, 10:11:42 PM
Quote from: Mr Anabolic on May 29, 2020, 01:42:45 PM
I have a serious question for you Gibby my lad...

Besides personal validation and a pump and dump, why are so myopic about blipcoins and post about it here everyday?  No one here seems to care about them except you.   

There are PLENTY of other ways to make money in the markets.  You can make 100-1000% profit by trading stock and futures options.  It's much easier/faster than sitting there waiting for blips price to increase.  Even trading regular futures indices (ES, US30, US500, USTEC, CL, etc.) is much more lucrative.  Blips will never appreciate like they did from the penny and single dollar digit price range, so why waste precious time?

It seems you are trying to change, or distract from, the premise of the original discussion.

For the record, I don't dispute that its theoretically possible to make huge profits trading futures/options. (It is also just as easy to lose huge amounts). If you enjoy speculating, it is of course also very easy to trade leveraged positions on bitcoin, just like on stock, and make huge profits (as well as lose everything). I have friends who do this 24/7 and that is truly a waste of time in my view. I don't trade either BTC or Gold (or even the bulk of my stock portfolio) actively for these reasons. If you hold the firm belief BTC is a bubble and will decline, you should take short positions and make a killing. Give it a try, and see how that works out for you.

With regard to your statement that "blips will never appreciate like they did from the penny and single dollar digit price range", may I take this as an admission and acknowledgement from you that you now agree, or accept, that BTC will likely actually rise over time? If so, we are making HUGE progress with you, as you have, it seems, now moved from being skeptical about the legitimacy of BTC as an asset class, to making predictions about the rate of its possible appreciation (as opposed to your prior predictions that it was a fad which would slowly dwindle to nothing).

As to "wasting precious time" I don't actively trade BTC. I recommend that everyone should buy, and hold, some BTC in their portfolio. Everyone's wealth position is different, but for most people here, owning a single BTC is something within reach, and something that may pay off hugely in the future if certain scenarios come to fruition. I know, despite your stubbornness, that you know what at least of some of those scenarios are, and that you do worry about them, and that you also know how BTC plays a part in defending (and even thriving) from them if they were to occur.

Some great examples here:

https://www.brinknews.com/latin-americas-cryptocurrency-market-is-soaring/

https://www.contxto.com/en/informative/cryptocurrency-revolutionizes-monetary-exchanges-latin-america/

https://www.coindesk.com/60-latin-american-banks-can-now-use-bitcoin-for-cross-border-payments

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on May 30, 2020, 05:27:42 AM
Quote from: gib on May 29, 2020, 10:11:42 PM
It seems you are trying to change, or distract from, the premise of the original discussion.

For the record, I don't dispute that its theoretically possible to make huge profits trading futures/options. (It is also just as easy to lose huge amounts). If you enjoy speculating, it is of course also very easy to trade leveraged positions on bitcoin, just like on stock, and make huge profits (as well as lose everything). I have friends who to this 24/7 and that is truly a waste of time in my view. I don't trade either BTC or Gold (or even the bulk of my stock portfolio) actively for these reasons. If you hold the firm belief BTC is a bubble and will decline, you should take short positions and make a killing. Give it a try, and see how that works out for you.

With regard to your statement that "blips will never appreciate like they did from the penny and single dollar digit price range", may I take this as an admission and acknowledgement from you that you now agree, or accept, that BTC will likely actually rise over time? If so, we are making HUGE progress with you, as you have, it seems, now moved from being skeptical about the legitimacy of BTC as an asset class, to making predictions about the rate of its possible appreciation (as opposed to your prior predictions that it was a fad which would slowly dwindle to nothing).

As to "wasting precious time" I don't actively trade BTC. I recommend that everyone should buy, and hold, some BTC in their portfolio. Everyone's wealth position is different, but for most people here, owning a single BTC is something within reach, and something that may pay off hugely in the future if certain scenarios come to fruition. I know, despite your stubbornness, that you know what at least of some of those scenarios are, and that you do worry about them, and that you also know how BTC plays a part in defending (and even thriving) from them if they were to occur.

Some great examples here:

https://www.brinknews.com/latin-americas-cryptocurrency-market-is-soaring/

https://www.contxto.com/en/informative/cryptocurrency-revolutionizes-monetary-exchanges-latin-america/

https://www.coindesk.com/60-latin-american-banks-can-now-use-bitcoin-for-cross-border-payments

You didn't answer my question.  All you did was post more blipcoin propaganda links to try and validate yourself and bolster the notion that blips price can only increase to $100K and beyond. 

To be perfectly clear, I don't accept/agree about anything you post on this thread, I'm simply trying to understand your motives here. 

I'll rephrase my question, plain and simple...

Why are you on a bodybuilding/workout forum constantly pumping these blipcoins? Are you a fiduciary for Getbig members?  Are you attempting to suck in others to get the price higher?  The pump and dump worked in the past, but not anymore because Joe Six Pack is basically going broke.  In case you forgot, you did admit to pumping and dumping blips about 70 pages ago. 

Answer the question and don't obfuscate this time.   
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 30, 2020, 06:05:24 AM
OK, I’ll answer that We are all a bunch of guys here unified by bodybuilding who like talking about a bunch of stuff. That includes not just bodybuilding but also politics, chicks, music, health, finance, humour, celebrities etc.

Why did I post the topic on bitcoin? Mainly because it was a topic of huge interest (hence there are actually numerous discussion threads on getbig, going back to before you called BTC a bubble at $400).

Why do I put so much effort in? It’s not much really, but I do feel good about educating others and helping others out. So for all the bs chatted here the reward to some getbiggers is to buy some BTC. When the time comes I will take satisfaction in knowing people’s lives were significantly improved due to my influence. (Probably similar to your motives of telling people the stock market was about to crash and to buy silver for every year from 2010 until now). :)

I also liked the idea of creating a record of long term of “objections” to bitcoin and the responses thereto (and you have played the perfect part in this process). Future historians will read this thread with great interest. Why on getbig, of all places? I have my reasons.

As for the price of BTC, you know as well as I that some people can buy a whole coin. Some can buy more. And some can buy less. The important thing is to have some exposure to BTC. For me personally my BTC holding is less than 1% of total net worth. (The majority of wealth is in stocks, property, private companies, and a little cash). But, I can foresee some global scenarios where my small BTC holding could become a very substantial part of my wealth, including providing a range of other benefits including immediate and frictionless geographical probability.

No one of course is forced to read this thread, but many do. But for those not intersted they can move on to the next topic.
 
Blip. :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on May 30, 2020, 06:32:20 AM
Quote from: gib on May 30, 2020, 06:05:24 AM
I’ll add to that. We are all a bunch of guys here unified by bodybuilding who like talking about a bunch  of stuff. That includes not just bodybuilding but also politics, chicks, music, health, finance, humour, celebrities etc.

Why did I post the topic on bitcoin? Mainly because it was a topic of huge interest (hence there are actually numerous discussion threads on getbig, going back to before you called BTC a bubble at $400).

Why do I put so much effort in? It’s not much really, but I do feel good about educating others and helping others out. So for all the bs chatted here the reward to some getbiggers is to buy some BTC. When the time comes I will take satisfaction in knowing people’s lives were significantly improved due to my influence. (Probably similar to your motives of telling people the stock market was about to crash and to buy silver for every year from 2010 until now). :)

I also like the idea of creating a long term of “objections” to bitcoin and the responses thereto (and you have played the perfect part in this process). Future historians will read this thread with great interest. Why on getbig, of all places? I have my reasons.

As for the price of BTC, you know as well as I that some people can buy a whole coin. Some can buy more. And some can buy less. The important thing is to have some exposure to BTC. For me personally my BTC holding is less than 1% of total net worth. (The majority of wealth is in stocks, property, private companies, and a little cash). But, I can foresee some global scenarios where my small BTC holding could become a very substantial part of my wealth.

No one of course is forced to read my writings, but many do. But for those not intersted they can move on to the next topic.

And now, I have one very special surprise for those paying attention. I have, so far,  left 13 (of 24) four letter recovery seed words to enable access to a single coin, among my writings. Eventually, someone in the future is going to figure it out. The reward will be waiting for them. My little gift to getbig.

Blip. :)

So you try to "school" people here about blips because you care and want to make sure their future is financially secure.

 ::)

But you never post about anything else.  Why?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 30, 2020, 06:36:14 AM
Quote from: Mr Anabolic on May 30, 2020, 06:32:20 AM
So you try to "school" people here about blips because you care and want to make sure their future is financially secure.

 ::)

But you never post about anything else.  Why?

He admitted he's using this thread to pump bitcoin because it's in his own interest to do so.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on May 30, 2020, 07:54:25 AM
Quote from: Griffith on May 30, 2020, 06:36:14 AM
He admitted he's using this thread to pump bitcoin because it's in his own interest to do so.

There's really no pump left.  He's only trying to validate himself.  There must be 1000's of blipcult forums out there, they can all circle-jerk together.  Nobody here cares about blips except him.

Blipcultists doesn't seem to realize that most people are broke (especially now) and have little or no spare cash to gamble with.  2017 was a once in a lifetime blip-bubble mania event, no more FOMO (which is the main thing that sucked people in).  The mania was over 2 years ago.  I bet there are many who bought at 20K then got hammered during the 2017/18 crash and they're still holding that bag and hoping. 

Blips are not money, it's not decentralized, it's taxable (at the highest tax rate), it's a Ponzi.  Sure you can trade it, but it's dumb because the margin requirements are very high.  Plenty of better ways to trade the markets and make money. 

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on May 30, 2020, 11:17:11 AM
Quote from: Mr Anabolic on May 30, 2020, 07:54:25 AM
There's really no pump left.  He's only trying to validate himself.  There must be 1000's of blipcult forums out there, they can all circle-jerk together.  Nobody here cares about blips except him.

Blipcultists doesn't seem to realize that most people are broke (especially now) and have little or no spare cash to gamble with.  2017 was a once in a lifetime blip-bubble mania event, no more FOMO (which is the main thing that sucked people in).  The mania was over 2 years ago.  I bet there are many who bought at 20K then got hammered during the 2017/18 crash and they're still holding that bag and hoping. 

Blips are not money, it's not decentralized, it's taxable (at the highest tax rate), it's a Ponzi.  Sure you can trade it, but it's dumb because the margin requirements are very high.  Plenty of better ways to trade the markets and make money.
Who actually pays taxes on Bitcoin?  Yes, there are many better ways to make money.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on May 30, 2020, 02:16:20 PM
Quote from: gib on May 28, 2020, 10:44:38 PM


https://www.nasdaq.com/articles/emerging-markets-latin-america-chile-brazil-colombia-peru-mexico-2015-10-19




Wiggzy, it's May 2020, not October 2015 !.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 30, 2020, 02:30:26 PM
Quote from: Teutonic Knight 1 on May 30, 2020, 02:16:20 PM

Wiggzy, it's May 2020, not October 2015 !.

And the US had to actually build a wall to keep out the people fleeing from 'emerging' Mexico where things are so bad they will risk their lives to escape.

Colombia is one of the most dangerous countries in the world and so is Brazil. Brazil's and Colombia's currencies have been devaluing quite heavily and their economies were already struggling before Covid19.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on May 30, 2020, 02:40:12 PM
Quote from: Griffith on May 30, 2020, 02:30:26 PM
And the US had to actually build a wall to keep out the people fleeing from 'emerging' Mexico where things are so bad they will risk their lives to escape.

Colombia is one of the most dangerous countries in the world and so is Brazil. Brazil's and Colombia's currencies have been devaluing quite heavily and their economies were already struggling before Covid19.


Oh, why 10 000's of those suckers group at the U.S. border if life is so good in Guatemala,Honduras,.............................
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 30, 2020, 05:45:49 PM
Techtonic - Would I want to live in Guatemala, Honduras etc?. No not really. Same with most countries in Africa. Same with India. Etc. But don't confuse shitty or dangerous living conditions with potential for economic growth. These are 2 very different things. But either way, the point is, as explained above, there are reasons why BTC appeals and has a place as a store of value to people who reside in countries that are unstable, have volatile and devaluating currencies, corrupt politicians, unstable banks etc.
 
Mr A - It would be naive to think I could do a pump and dump on, of all places, a body-building forum when there would be far more effective places to do this if that was my intent. Its a silly comment to suggest this, if you think about it. Further, if that was my intent, I would of course be picking and pushing a coin (or stock) which has a much smaller market-cap that BTC, and therefore would be much easier to influence and manipulate.

Let me ask you again. Are you still claiming that BTC is a bubble and will decline (as you have claimed repeatedly in the past)? Or do you concede now that it will in fact likely go up in value over time?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 31, 2020, 10:38:24 AM
Quote from: Griffith on May 30, 2020, 06:36:14 AM
He admitted he's using this thread to pump bitcoin because it's in his own interest to do so.

Really? Thata the power of posting on getbig.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on June 01, 2020, 04:20:33 PM
YEAH! BTC broke the long-sought $10,000 barrier and I finally got back the money that I lost plus a whole $63 but it's a start. And it seems on the upswing now. We'll see how long it's last but from what I've been reading it was breaking that mythical $10,000 mark that is supposed to turn things around and encourage people back in and regain a bullish trend.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on June 01, 2020, 04:37:38 PM
Quote from: gib on May 30, 2020, 05:45:49 PM
Techtonic - Would I want to live in Guatemala, Honduras etc?. No not really. Same with most countries in Africa. Same with India. Etc. But don't confuse shitty or dangerous living conditions with potential for economic growth. These are 2 very different things. But either way, the point is, as explained above, there are reasons why BTC appeals and has a place as a store of value to people who reside in countries that are unstable, have volatile and devaluating currencies, corrupt politicians, unstable banks etc.
 
Mr A - It would be naive to think I could do a pump and dump on, of all places, a body-building forum when there would be far more effective places to do this if that was my intent. Its a silly comment to suggest this, if you think about it. Further, if that was my intent, I would of course be picking and pushing a coin (or stock) which has a much smaller market-cap that BTC, and therefore would be much easier to influence and manipulate.

Let me ask you again. Are you still claiming that BTC is a bubble and will decline (as you have claimed repeatedly in the past)? Or do you concede now that it will in fact likely go up in value over time?

It's ponzi bubble that relies on the "greater fool" theory.  As I have stated that here many times.
 Blips don't really exist, they are digital vaporware.  They can be stolen, disappear when the power goes off, and/or made illegal.   Who cares if it goes up... it means nothing to me and most others here, only to you.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on June 01, 2020, 04:46:45 PM
Quote from: pellius on June 01, 2020, 04:20:33 PM
YEAH! BTC broke the long-sought $10,000 barrier and I finally got back the money that I lost plus a whole $63 but it's a start. And it seems on the upswing now. We'll see how long it's last but from what I've been reading it was breaking that mythical $10,000 mark that is supposed to turn things around and encourage people back in and regain a bullish trend.

Dare you go!  I recommend you to buy ammo with your winnings.  You're gonna need it.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 01, 2020, 05:59:01 PM
Bitcoin is back at 10,000+ and Ethereum at 250.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 01, 2020, 06:01:04 PM
Quote from: Mr Anabolic on June 01, 2020, 04:37:38 PM
It's ponzi bubble that relies on the "greater fool" theory.  As I have stated that here many times.
 Blips don't really exist, they are digital vaporware.  They can be stolen, disappear when the power goes off, and/or made illegal.   Who cares if it goes up... it means nothing to me and most others here, only to you.
With all the stimulus checks, riots etc. don't you think the dollar is going to take a hit? I think it is only natural for cryptos to go up as people seek for a hedge and a money source that is based on mathematics and not controlled by humans and uncertainty.

Cryptos go up and down sure. But the lows appear to be higher as time goes on.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on June 01, 2020, 06:10:54 PM
Quote from: Mr Anabolic on June 01, 2020, 04:46:45 PM
Dare you go!  I recommend you to buy ammo with your winnings.  You're gonna need it.

LOL. I've been a competitive shooter since the 90s and have reloaded my own ammo using a Dillion Precision 550 that I use for practice. You can rest assured that I am well stocked.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on June 01, 2020, 06:15:20 PM
Quote from: obsidian on June 01, 2020, 06:01:04 PM
With all the stimulus checks, riots etc. don't you think the dollar is going to take a hit? I think it is only natural for cryptos to go up as people seek for a hedge and a money source that is based on mathematics and not controlled by humans and uncertainty.

Cryptos go up and down sure. But the lows appear to be higher as time goes on.

Are you serious? I'm no BTC cheerleader but just look at the history. The facts. BTC has increased tremendously as time goes by. This thread alone proves it. This thread started cheering with glee that BTC hit $5,000. It's double that now in just three years.

I get the misgivings about cryptocurrency but no need to make things up to promote your agenda when it can is easily verified.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 01, 2020, 06:59:31 PM
Quote from: Mr Anabolic on June 01, 2020, 04:37:38 PM
It's ponzi bubble that relies on the "greater fool" theory.  As I have stated that here many times.
 Blips don't really exist, they are digital vaporware.  They can be stolen, disappear when the power goes off, and/or made illegal.   Who cares if it goes up... it means nothing to me and most others here, only to you.

Thank you. We will all make sure not to "turn the power off".  :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 01, 2020, 07:40:31 PM
Quote from: pellius on June 01, 2020, 06:15:20 PM
Are you serious? I'm no BTC cheerleader but just look at the history. The facts. BTC has increased tremendously as time goes by. This thread alone proves it. This thread started cheering with glee that BTC hit $5,000. It's double that now in just three years.

I get the misgivings about cryptocurrency but no need to make things up to promote your agenda when it can is easily verified.
You misunderstood. Read it again. I said the lows are higher as time goes on. (Well I said appear). They are higher. That means every time the Bitcoin price crashes it never goes lower than the last time it crashed. So the trend is for it to go up. That post was meant for Anabolic who gets all excited when the price crashes. Bitcoin's price is over 10k now. It could go down to 6k. But that's still higher than when it crashed to 3k.

I am a crypto bull which means I think the price will go up over time.

https://wizard.to/cryptocurrency/bitcoin-recorded-higher-lows-every-year-since-launch/

(https://ethereumworldnews.com/wp-content/uploads/2019/02/190226_btc.png)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on June 01, 2020, 07:49:57 PM
Quote from: obsidian on June 01, 2020, 07:40:31 PM
You misunderstood. Read it again. I said the lows are higher as time goes on. (Well I said appear). They are higher. That means every time the Bitcoin price crashes it never goes lower than the last time it crashed. So the trend is for it to go up. That post was meant for Anabolic who gets all excited when the price crashes. Bitcoin's price is over 10k now. It could go down to 6k. But that's still higher than when it crashed to 3k.

I am a crypto bull which means I think the price will go up over time.

https://wizard.to/cryptocurrency/bitcoin-recorded-higher-lows-every-year-since-launch/

(https://ethereumworldnews.com/wp-content/uploads/2019/02/190226_btc.png)

You're right, I did misread your post. I thought you meant more lows than highs. I got it now. 🤗
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on June 02, 2020, 08:40:33 AM
Quote from: obsidian on June 01, 2020, 07:40:31 PM
You misunderstood. Read it again. I said the lows are higher as time goes on. (Well I said appear). They are higher. That means every time the Bitcoin price crashes it never goes lower than the last time it crashed. So the trend is for it to go up. That post was meant for Anabolic who gets all excited when the price crashes. Bitcoin's price is over 10k now. It could go down to 6k. But that's still higher than when it crashed to 3k.

I am a crypto bull which means I think the price will go up over time.

https://wizard.to/cryptocurrency/bitcoin-recorded-higher-lows-every-year-since-launch/

(https://ethereumworldnews.com/wp-content/uploads/2019/02/190226_btc.png)

I get excited? - lol 

What about the idiot bag holders who bought at $15-19K... no one ever talks about them.

Another rags to riches hopeful bliptard
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on June 02, 2020, 08:43:28 AM
Quote from: gib on June 01, 2020, 06:59:31 PM
Thank you. We will all make sure not to "turn the power off".  :)

 yeah  :)  because you know I'm right.    :) :) :) :) :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on June 02, 2020, 08:45:34 AM
(https://media.giphy.com/media/3oriO5t2QB4IPKgxHi/giphy.gif)

can you guys shill harder please. need my coins to break even so I can get out lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on June 02, 2020, 08:53:41 AM
Quote from: obsidian on June 01, 2020, 05:59:01 PM
Bitcoin is back at 10,000+ and Ethereum at 250.

Easy come, easy go.  Ponzi scam.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on June 02, 2020, 03:07:00 PM
Quote from: Mr Anabolic on June 02, 2020, 08:53:41 AM
Easy come, easy go.  Ponzi scam.


None of those bitcoiners a posting pics with $$$$$$$$$$$$$$$ in theirs hands   ??? ??? ???

                                                     ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on June 02, 2020, 03:36:55 PM
Quote from: Teutonic Knight 1 on June 02, 2020, 03:07:00 PM

None of those bitcoiners a posting pics with $$$$$$$$$$$$$$$ in theirs hands   ??? ??? ???

                                                     ;D

inb4 a gib essay on the advantages of storing shitcoins on your encrypted external hard drive (alongside your most shameful porn videos) vs fiat currency.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 02, 2020, 03:40:07 PM
Anyone that goes on too much about bitcoin, offline storage and tor browser, I instinctively just assume pedofile
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on June 02, 2020, 04:06:08 PM
Quote from: a_pupil on June 02, 2020, 03:36:55 PM
inb4 a gib essay on the advantages of storing shitcoins on your encrypted external hard drive (alongside your most shameful porn videos) vs fiat currency.


So where in a fuck is that bitcoins Fort Knox  ???.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on June 03, 2020, 12:04:36 AM
Quote from: obsidian on June 01, 2020, 05:59:01 PM
Bitcoin is back at 10,000+ and Ethereum at 250.

Amazing. It finally breaks that mythical $10,000 barrier which is supposed to set a bullish trend but within minutes! Minutes! It just takes a huge dive. I was sticking with it hoping I could just get the money I put in back. When it got to over 10k I finally saw my opportunity to get out of there with a little bit of extra for my trouble. I, for once, made a good decision because after about another ten minutes it started a downward trend and then within about five minutes it dropped over $800.

It was a learning experience and I was able to get out while still a bit ahead but the volatility is just too much for my taste. I've only been in BTC for a couple of months, if even that, and already twice it just took a huge dive.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 03, 2020, 12:07:31 AM
Well done!

PS - I think someone may have turn off the electricity. Lets hope they turn it back on!!! :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on June 03, 2020, 12:15:11 AM
Quote from: gib on June 03, 2020, 12:07:31 AM
Well done!

PS - I think someone may have turn off the electricity. Lets hope they turn it back on!!! :)

I really do appreciate all your help and advice. It gave me a different perspective on things. I doing fine going the more traditional route. Maybe if I was thirty years younger and had time on my side but at my age, I have to stick with what works even if the potential rewards aren't as great with more riskier pursuits. I'll still use BTC for money transfers because it's more anonymous and a lot more online vendors are using it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on June 03, 2020, 12:59:01 AM
Quote from: gib on June 03, 2020, 12:07:31 AM
Well done!

PS - I think someone may have turn off the electricity. Lets hope they turn it back on!!! :)

I told ya,  ;D

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 03, 2020, 08:33:22 AM
Good morning Mr A!

Do you really think Bitcoins "go away" when the power is turned off? (Hint - they don't). Nor do they "go away" if you "lose your hard drive". :)

And you do realize, I presume, that all your wealth in banks, and in stocks, is just a function of, and accessible in practice via a a system comprising of electronic blips, right?

If all power was to "go off", none of your cash in the bank or in stocks would in reality be accessible. (Physical gold would be, and that, at least is something we both agree on, which is probably why we both have some). Its not just "power going off", by the way, that you should consider. We could have "power on" but have banks hit by a massive virus that literally destroys records of who owns what. Banks can also go bust. They can restrict withdrawals. They can be closed. Etc.

But here's the thing you should really bear in mind. All your money in stocks and in cash in banks, can literally be lost/confiscated/nationalized/devalued. Its happened over and over in history. And if or when that happens, what are you going to do about it? Sue the bank? Sue the Government? Not a chance. This is why people are gravitating to bitcoin. Decentralized. Immutable. Incorruptible. Transferable and accessible without boarders. And this, in turn, is why you:

a) either secretly have BTC but are now too embarrassed to admit it because you know I am right; or
b) will buy BTC in the future.

Because stubborn as you are, you are not as stupid as you are making out to be. (I know this from some of your other posts on various threads that I have reviewed).

Now here's the funny thing. Because of a or b above, much as you hate me, you will always be conflicted in knowing that, when BTC really has is moment in time, you own me big time.

Blip.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 30, 2020, 01:38:25 AM
Did you guys forget?!

It is at $11,000. Ethereum is over $300.

https://www.ibtimes.com/ethereum-beating-bitcoin-important-metric-3019223
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on July 30, 2020, 03:50:37 AM
Quote from: obsidian on July 30, 2020, 01:38:25 AM
Did you guys forget?!

It is at $11,000. Ethereum is over $300.

https://www.ibtimes.com/ethereum-beating-bitcoin-important-metric-3019223

Blips are so 2017.

I told you myopic bliptard morons on here 100x ... SILVER.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Vince G, CSN MFT on July 31, 2020, 08:01:22 PM
Honestly, I don't see why some of you are discussing this when most of you haven't bought, invested, sold, or mined Bitcoin and other cryptocurrency.   I told all of you fucks years ago about bitcoin and I got ridiculed about it and then all of a sudden some of you are acting like you invented the shit

Fact is that there is still plenty of bitcoin opportunities out there as well as buying and selling gold.   That's why I set up my Goodrum Group, goodrumgroup.com business a few months ago.   A lot of people out there want to buy all of this from every walk of life and if you're not in position to sell them, then you're shit out of luck.   


You doubted what I said years ago and lost while I made more than enough to haul my ass out of Sylva.   I'm telling you folks AGAIN that those opportunities are there.   Get on the boat or don't.   I honestly don't give a shit if you do.   Stop talking and start walking
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 31, 2020, 08:09:22 PM
Quote from: Mr Anabolic on July 30, 2020, 03:50:37 AM
Blips are so 2017.

I told you myopic bliptard morons on here 100x ... SILVER.
Hi Catabolic!

Yes I have silver - bought it over 10 years ago when it was still at $15 per ounce. It is now $24.22

Listen to this Max Keiser interview. He explains why in his opinion Bitcoin can never be taken down by governments. I don't think Keiser is correct about the altcoins. But it is funny to hear his thoughts on Gold Bug Peter Schiff!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 31, 2020, 08:16:03 PM
Quote from: Vince G, CSN MFT on July 31, 2020, 08:01:22 PM
Honestly, I don't see why some of you are discussing this when most of you haven't bought, invested, sold, or mined Bitcoin and other cryptocurrency.   I told all of you fucks years ago about bitcoin and I got ridiculed about it and then all of a sudden some of you are acting like you invented the shit

Fact is that there is still plenty of bitcoin opportunities out there as well as buying and selling gold.   That's why I set up my Goodrum Group, goodrumgroup.com business a few months ago.   A lot of people out there want to buy all of this from every walk of life and if you're not in position to sell them, then you're shit out of luck.   


You doubted what I said years ago and lost while I made more than enough to haul my ass out of Sylva.   I'm telling you folks AGAIN that those opportunities are there.   Get on the boat or don't.   I honestly don't give a shit if you do.   Stop talking and start walking
LMAO Yes you were right Venom Vince! I wish I took your Bitcoin posts more seriously! I have a friend who also told me about Bitcoin back in 2009 / 2010 and I dismissed it. I did however mine cryptos eventually. Just should have gotten into it way back then. But I think we are still at the beginning of this. It is going to go up more imo. And the more they print dollars and create all these stimulus packages the more it will go up.

https://cointelegraph.com/news/bitcoin-will-hit-28k-and-correct-then-hit-six-figures-max-keiser

Bitcoin price’s current surge, which has so far topped out at $11,380, is destined to continue beyond its all-time highs, the Wall Street veteran predicts.

Bitcoin (BTC) will not stop rising until it hits $28,000, Max Keiser believes as the largest cryptocurrency gains over 20% in a week.

In a series of tweets on July 27, the famously outspoken host of the Keiser Report forecast that BTC/USD was headed for six figures after a correction period near $30,000.

Peter Schiff is “puking his brains out”

Keiser made the prediction as Bitcoin passed $11,200 during a day of surprises. As Cointelegraph reported, $10,000 managed to hold for longer than a matter of hours, and data indicated that this latest trip to five figures was sturdier than others in 2020.

“$28,000 is in play before we see a pullback - and then we’re heading to 6-figures,” Keiser summarized.

Well known for his optimism and heavy preference for BTC over other cryptocurrencies, Keiser further took a swipe at gold bug Peter Schiff. Schiff, who has been celebrating gold hitting all-time highs against the U.S. dollar, had previously dismissed Bitcoin’s rise.

“It’s put up or shut up for Bitcoin — it’s got to hold $10,000 now,” he said during a debate with Morgan Creek Digital co-founder, Anthony Pompliano, on his YouTube channel on Sunday.

Keiser had little time for this and Schiff’s other arguments, claiming that in fact, the Bitcoin skeptic was secretly regretting his choice of gold.

“Somewhere, @PeterSchiff is puking his brains out right now,” the same tweet reads.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bevo on July 31, 2020, 09:48:02 PM
Quote from: Vince G, CSN MFT on July 31, 2020, 08:01:22 PM
Honestly, I don't see why some of you are discussing this when most of you haven't bought, invested, sold, or mined Bitcoin and other cryptocurrency.   I told all of you fucks years ago about bitcoin and I got ridiculed about it and then all of a sudden some of you are acting like you invented the shit

Fact is that there is still plenty of bitcoin opportunities out there as well as buying and selling gold.   That's why I set up my Goodrum Group, goodrumgroup.com business a few months ago.   A lot of people out there want to buy all of this from every walk of life and if you're not in position to sell them, then you're shit out of luck.   


You doubted what I said years ago and lost while I made more than enough to haul my ass out of Sylva.   I'm telling you folks AGAIN that those opportunities are there.   Get on the boat or don't.   I honestly don't give a shit if you do.   Stop talking and start walking


How many bitcoins did you buy Mr Goodrum?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: avxo on July 31, 2020, 10:09:52 PM
Quote from: Vince G, CSN MFT on July 31, 2020, 08:01:22 PM
Honestly, I don't see why some of you are discussing this when most of you haven't bought, invested, sold, or mined Bitcoin and other cryptocurrency.   I told all of you fucks years ago about bitcoin and I got ridiculed about it and then all of a sudden some of you are acting like you invented the shit

Fact is that there is still plenty of bitcoin opportunities out there as well as buying and selling gold.   That's why I set up my Goodrum Group, goodrumgroup.com business a few months ago.   A lot of people out there want to buy all of this from every walk of life and if you're not in position to sell them, then you're shit out of luck.   


You doubted what I said years ago and lost while I made more than enough to haul my ass out of Sylva.   I'm telling you folks AGAIN that those opportunities are there.   Get on the boat or don't.   I honestly don't give a shit if you do.   Stop talking and start walking

Are you Satoshi Nakamoto? Is Bitcoin the next evolution of the Caliber Fitness empire?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Vince G, CSN MFT on August 01, 2020, 09:34:23 AM
Quote from: Bevo on July 31, 2020, 09:48:02 PM

How many bitcoins did you buy Mr Goodrum?


I never bought any until recently.   I mined them 10 years ago.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on August 01, 2020, 09:42:24 PM
Quote from: Vince G, CSN MFT on August 01, 2020, 09:34:23 AM

I never bought any until recently.   I mined them 10 years ago.

The only thing you ever mined was brown gold from the shit pit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: AbrahamG on August 02, 2020, 02:10:44 AM
Quote from: Vince G, CSN MFT on August 01, 2020, 09:34:23 AM

I never bought any until recently.   I mined them 10 years ago.

@Vince - Please start a thread detailing your conquests of women.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on August 02, 2020, 02:12:17 AM
Quote from: Vince G, CSN MFT on August 01, 2020, 09:34:23 AM

I never bought any until recently.   I mined them 10 years ago.

How is export of Ferraris from Saudi Arabia to the States going on !.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on August 02, 2020, 02:17:08 AM
Quote from: obsidian on July 31, 2020, 08:09:22 PM
Hi Catabolic!

Yes I have silver - bought it over 10 years ago when it was still at $15 per ounce. It is now $24.22

Listen to this Max Keiser interview. He explains why in his opinion Bitcoin can never be taken down by governments. I don't think Keiser is correct about the altcoins. But it is funny to hear his thoughts on Gold Bug Peter Schiff!



LMAO @ calling bitcoin a "hard asset"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on August 02, 2020, 03:34:50 AM
Quote from: affeman on August 02, 2020, 02:17:08 AM
LMAO @ calling bitcoin a "hard asset"
You don't consider imaginary coins a hard asset?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 02, 2020, 03:45:59 AM
I bumped that thread a few months back. I jumped in at US7k.

I have a 10yr ook on it. QE policies will see this inflate so it's safe providing you can hold out.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on August 02, 2020, 03:50:17 AM
Quote from: obsidian on July 31, 2020, 08:09:22 PM
Hi Catabolic!

Yes I have silver - bought it over 10 years ago when it was still at $15 per ounce. It is now $24.22

Listen to this Max Keiser interview. He explains why in his opinion Bitcoin can never be taken down by governments. I don't think Keiser is correct about the altcoins. But it is funny to hear his thoughts on Gold Bug Peter Schiff!



All just a pump and dump... look at it this morning.  That's all cryptos will ever be.

Government will soon come out with their own.  When it does, blips and 1000's of others will be made illegal practically overnight.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on August 02, 2020, 04:02:32 AM
Quote from: affeman on August 02, 2020, 02:17:08 AM
LMAO @ calling bitcoin a "hard asset"

There are lots of gullible, "get rich quick" minded idiots out there.  They might get lucky sometimes, but in most cases greed takes over and they eventually lose.  Hopefully they learn something from their ignorance and stupidity. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on August 02, 2020, 04:16:11 AM
Quote from: Mayday on August 02, 2020, 03:45:59 AM
I bumped that thread a few months back. I jumped in at US7k.

I have a 10yr ook on it. QE policies will see this inflate so it's safe providing you can hold out.

I'd get rid of it as long as you can

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on August 02, 2020, 04:18:06 AM
Quote from: affeman on August 02, 2020, 04:16:11 AM
I'd get rid of it as long as you can



When does John McAfee eat his dick?  lol 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on August 02, 2020, 04:20:41 AM
Quote from: Mr Anabolic on August 02, 2020, 03:50:17 AM
All just a pump and dump... look at it this morning.  That's all cryptos will ever be.

Government will soon come out with their own.  When it does, blips and 1000's of others will be made illegal practically overnight.

It was 15% away from my break even point last night. Waiting for a pump so I can sell up and put it all in stocks.

I'd have already seen 30-40% growth on that pot by now  >:(
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on August 02, 2020, 04:29:15 AM
Quote from: a_pupil on August 02, 2020, 04:20:41 AM
It was 15% away from my break even point last night. Waiting for a pump so I can sell up and put it all in stocks.

I'd have already seen 30-40% growth on that pot by now  >:(

At least you're admitting it's a pump and dump. 

Blips dumped almost $2000 last night in less than 10 minutes.   

This is not investing... it's gambling.  The house usually wins.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on August 02, 2020, 04:54:09 AM
Quote from: Mr Anabolic on August 02, 2020, 04:29:15 AM
At least you're admitting it's a pump and dump. 

Blips dumped almost $2000 last night in less than 10 minutes.   

This is not investing... it's gambling.  The house usually wins.

Just a bunch of LARPers hoping they can catch a pump lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 02, 2020, 05:02:59 AM
Quote from: Mr Anabolic on August 02, 2020, 03:50:17 AM
All just a pump and dump... look at it this morning.  That's all cryptos will ever be.

Government will soon come out with their own.  When it does, blips and 1000's of others will be made illegal practically overnight.
https://www.bitcoinisle.com/2020/07/07/ethereum-based-investment-fund-by-arca-approved-by-the-sec/

The financial regulator has finally found a crypto-based product it can be proud of

An investment fund called Arca US Treasury Fund, which functions as an institutional asset manager, just announced that it received the approval by the US Securities and Exchange Commission (SEC) for a new blockchain service. On Monday, the company confirmed that it was registered with the SEC and that it is ready to launch its blockchain transferred fund to its investors. This means that its digital securities like ArCoin can officially start being traded on top of the Ethereum blockchain.

“Our announcement today is a ground-breaking and transformative step toward the unification of traditional finance with digital asset investing as this new category of regulated, digital investment products is made available to investors,” said Rayne Steinberg, CEO of Arca. This is a successful investment fund that has at least 80% of its assets in its portfolio allocated in interest-bearing, short-duration, US treasury bonds and notes.

According to Steinberg, this will be the first investment fund to ever have a crypto representation through tokens that were approved by the Investment Company Act of 1940. This effort took Arca at least 20 months to be completed. The development of its digital token ArCoin was made by the Arca Labs, and it was built on the Ethereum blockchain. It also considered the ERC-1404 standard protocol for its creation. Because this protocol puts a restriction on where the holders can send the token to, the company believes this is what helped it gain approval from the SEC.

Jerald David, president of Arca Capital Management, added, “The digital assets ecosystem is a rapidly growing and evolving industry. We are establishing Arca Labs at the forefront of this industry to innovate digital investment products that provide regulatory oversight and transparency, along with daily valuation, that investors look for in their traditional core investment holdings.”
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 02, 2020, 05:04:55 AM
https://news.bitcoin.com/cryptocurrency-act-of-2020/

A U.S. congressman from Arizona has introduced the Cryptocurrency Act of 2020 while under coronavirus quarantine. The bill clarifies which federal agencies regulate which type of crypto assets. “It’s crucial that America remains the global leader in cryptocurrency,” the lawmaker said.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 02, 2020, 05:12:08 AM
https://medium.com/in-bitcoin-we-trust/governments-can-guy-ac580da9b969

If they tried to kill Bitcoin, other countries would benefit.

Nevertheless, let’s imagine that governments of G20 countries eventually agree on a consensus to kill Bitcoin.

How could governments kill a totally decentralized network without a leader?

The governments would try to criminalize Bitcoin owners targeting them through trading platforms. This is because they can be more easily identified thanks to the KYC policies of some of these platforms.

Despite banning BTC owners, the Bitcoin network would continue to operate.

Platforms that allow fiat currencies to be exchanged for Bitcoin on a more anonymous basis would be greatly strengthened. The network would therefore continue to function, and Bitcoiners would find another way to use their Bitcoins.

An attempt to stop Bitcoin could strengthen it

Governments would, however, take a major risk of strengthening Bitcoin even further by doing so. Bitcoiners have always explained that Bitcoin is an essential weapon against government censorship.

Some believe that Western countries will never act like countries under authoritarian regimes, and therefore Bitcoin is not a necessity for protection.

With a formal government ban on the possession of Bitcoin, a majority of people would understand that Bitcoiners’ warnings were not unfounded.

Many people would then probably decide to go out and buy Bitcoin to better protect themselves from the censorship decisions of the governments of their respective countries.

This would be a great spotlight on one of the essential qualities of Bitcoin, which is to protect its users from censorship.

Indeed, as long as you are in possession of the private keys of your Bitcoins, no one can confiscate your Bitcoins. Furthermore, no one can prevent you from making any transactions of your choice on the Bitcoin network with what you own.

So Bitcoin would not be dead. On the contrary, it would come out stronger if governments tried to kill it.

The governments of the G20 countries are aware of this risk. That is the main reason why they have never made the decision to tackle Bitcoin head-on in a united way. A consensus could not be reached on this issue.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 02, 2020, 05:19:23 AM
Quote from: Mr Anabolic on August 02, 2020, 04:29:15 AM
At least you're admitting it's a pump and dump. 

Blips dumped almost $2000 last night in less than 10 minutes.   

This is not investing... it's gambling.  The house usually wins.
You round off terribly. It dropped $1200. Right now it is still sitting at over $11,000. There will be corrections. But over time it will keep trending up. The new lows are higher than the previous lows. With the dollar being devalued via trillion dollar stimulus checks what do you expect?!

Gold and silver will also go up. These metals are produced in super nova explosions and there is a short time frame in which they can be created during the explosion. Our own sun will never create those elements because it is not massive enough. The pressure required to create platinum, gold and silver is enormous and our sun cannot generate enough gravity.

That's why it is so rare.

But in today's age moving around gold and storing it is a hassle. And governments can also ban large scale ownership of it - as it has done in the past.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 02, 2020, 05:21:08 AM
Quote from: affeman on August 02, 2020, 04:16:11 AM
I'd get rid of it as long as you can


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on August 02, 2020, 05:36:33 AM
Quote from: obsidian on August 02, 2020, 05:19:23 AM
You round off terribly. It dropped $1200. Right now it is still sitting at over $11,000. There will be corrections. But over time it will keep trending up. The new lows are higher than the previous lows. With the dollar being devalued via trillion dollar stimulus checks what do you expect?!

Gold and silver will also go up. These metals are produced in super nova explosions and there is a short time frame in which they can be created during the explosion. Our own sun will never create those elements because it is not massive enough. The pressure required to create platinum, gold and silver is enormous and our sun cannot generate enough gravity.

That's why it is so rare.

But in today's age moving around gold and storing it is a hassle. And governments can also ban large scale ownership of it - as it has done in the past.

I know ALL about gold and silver and the nuclear forces involved in creating these elements, thank you.

At least you're not as myopic and ignorant like many of the bliptards who post here.

Good luck with your blipcoin gambling.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on August 02, 2020, 06:48:57 AM
Quote from: a_pupil on August 02, 2020, 04:20:41 AM
It was 15% away from my break even point last night. Waiting for a pump so I can sell up and put it all in stocks.

I'd have already seen 30-40% growth on that pot by now  >:(



Same game, same masters. Could argue even worse.

(https://i.pinimg.com/originals/20/cc/c3/20ccc3794a5652721956a71bbd54f862.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on August 02, 2020, 08:07:39 AM
Quote from: SOMEPARTS on August 02, 2020, 06:48:57 AM


Same game, same masters. Could argue even worse.

(https://i.pinimg.com/originals/20/cc/c3/20ccc3794a5652721956a71bbd54f862.gif)

Might just invest it in some chinese raws and try to take over my local roid market.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on August 02, 2020, 08:13:42 AM
Quote from: a_pupil on August 02, 2020, 08:07:39 AM
Might just invest it in some chinese raws and try to take over my local roid market.

I like that.  Now that's entrepreneurialism!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 03, 2020, 03:15:46 PM
Quote from: affeman on August 02, 2020, 04:16:11 AM
I'd get rid of it as long as you can

Why? Monetising has started.

The rough average for a year is 4%-5% monetisation. During the GFC it hit 13% which is what they were doing in the 1980s. 

We are halfway through 2020 and my country is at 8%. We are on track for double digits monetising annually and i expect it to be ongoing like during the 1980s.

A longer timeline means more chance of something happening. So i say 10yrs.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on August 03, 2020, 11:07:18 PM
Quote from: Mayday on August 03, 2020, 03:15:46 PM
Why? Monetising has started.

The rough average for a year is 4%-5% monetisation. During the GFC it hit 13% which is what they were doing in the 1980s. 

We are halfway through 2020 and my country is at 8%. We are on track for double digits monetising annually and i expect it to be ongoing like during the 1980s.

A longer timeline means more chance of something happening. So i say 10yrs.

The fiat funny farm is tearing itself apart, it's so large, has so much inertia and is taking years to play out that it is almost impossible for any one individual to describe the total collapse in detail.

As an analogy, imagine if something the size of the moon crashed into the earth in ancient times and all the individual reports described their local experience but nobody had satellites or aircraft to get higher level views of the totality of the impact.  There would be reports of massive waves, floods, clouds of dust reaching to the sky, fireballs streaking across hellscapes, earthquakes and ground runctions that threw people hundreds of meters, mountain ranges either appearing or disappearing on the horizon.  The reports would read like an alternate reality to someone living in 'normal' times.  This is what it is going to be like for a collapse of the global fiat reserve monetary system, generally craziness on a grand scale in all economic and financial affairs.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 04, 2020, 03:37:55 AM
But you are assuming it collapses.

I am assuming history will repeat and they will monetise the debt. If you track the money supply like i do, you will see they are in fact starting the monetisation process. The ECB made it clear they are willing to 'print' unlimited amounts of money to bail everyone out. The US Fed has also said they are monetising.

Of course i agree a total bloodbath is coming but it isn't the end.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on August 04, 2020, 03:44:01 AM
Quote from: Mayday on August 04, 2020, 03:37:55 AM
But you are assuming it collapses.

I am assuming history will repeat and they will monetise the debt. If you track the money supply like i do, you will see they are in fact starting the monetisation process. The ECB made it clear they are willing to 'print' unlimited amounts of money to bail everyone out. The US Fed has also said they are monetising.

Of course i agree a total bloodbath is coming but it isn't the end.

Not trying to be a debbie downer but it looks like the virus (pandemic) might still have a long way to run, and that is the biggest thing hanging over the whole bailout, stimulus, fiat long-con ... if the pandemic outlasts funny money games all hell breaks loose and we get total collapse. (I was factoring a partial collapse with outside chance of total collapse.) The markets know this, the Central Banks know this, gubmints know this.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 04, 2020, 04:05:08 AM
Quote from: Theoak* on August 04, 2020, 03:44:01 AM
Not trying to be a debbie downer but it looks like the virus (pandemic) might still have a long way to run, and that is the biggest thing hanging over the whole bailout, stimulus, fiat long-con ... if the pandemic outlasts funny money games all hell breaks loose and we get total collapse. (I was factoring a partial collapse with outside chance of total collapse.) The markets know this, the Central Banks know this, gubmints know this.

The dow was 29k pre covid. 4 months on, stacks of unemployed, business closed, loan defaults inbound and it sits at... 26k.   Trillions in QE did that.

Giving people $600/wk unemployment benefits for months so people can buy food and make payments. Trillions in QE did that aswell.

Deferred loan repayments. Deferred Mtg repayments. Cash handout stimulus. QE is how you avoid a depression.

Nothing strange about QE and it is an unlimited system. Meanwhile our debt system has maxed out at 40yrs and is a finite system. It's ironic for people to claim QE is going to collapse us. It's the debt system that collapsed us and QE will bail us out.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on August 04, 2020, 05:04:09 AM
Quote from: Mayday on August 04, 2020, 04:05:08 AM
The dow was 29k pre covid. 4 months on, stacks of unemployed, business closed, loan defaults inbound and it sits at... 26k.   Trillions in QE did that.

Giving people $600/wk unemployment benefits for months so people can buy food and make payments. Trillions in QE did that aswell.

Deferred loan repayments. Deferred Mtg repayments. Cash handout stimulus. QE is how you avoid a depression.

Nothing strange about QE and it is an unlimited system. Meanwhile our debt system has maxed out at 40yrs and is a finite system. It's ironic for people to claim QE is going to collapse us. It's the debt system that collapsed us and QE will bail us out.

So.... trillions, then quadrillions, then quintillions, then sextillions, etc. etc.

A loaf of bread will cost you $100,000,000.

A country cannot print it's way to prosperity.  That's been tried before.

Get a clue.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 04, 2020, 05:25:15 AM
Quote from: Mr Anabolic on August 04, 2020, 05:04:09 AM
So.... trillions, then quadrillions, then quintillions, then sextillions, etc. etc.

A loaf of bread will cost you $100,000,000.

A country cannot print it's way to prosperity.  That's been tried before.

Get a clue.

I just explained what actions were taken recently to prevent market collapse. QE is being used to prevent the money supply from shrinking as the leverage started to unwind. That isn't made up, they actually did that.

Why do you equate the recent actions of the Fed with prosperity? You said that, not me.  Very weird comment given nobody on here has even mentioned that. Only you. Why do you understand currency devaluation to mean prosperity? 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on August 04, 2020, 07:52:37 AM
Quote from: Mayday on August 04, 2020, 05:25:15 AM
I just explained what actions were taken recently to prevent market collapse. QE is being used to prevent the money supply from shrinking as the leverage started to unwind. That isn't made up, they actually did that.
Why do you equate the recent actions of the Fed with prosperity? You
 said that, not me.  Very weird comment given nobody on here has even mentioned that. Only you. Why do you understand currency devaluation to mean prosperity?

You better re-read what I wrote - lol

Again... get a clue
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on August 04, 2020, 08:01:36 AM
I know banks are not 100 % safe either but storing large amounts of cash in unregulated 'online wallets'  :-\
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on August 04, 2020, 08:20:46 AM
Quote from: Griffith on August 04, 2020, 08:01:36 AM
I know banks are not 100 % safe either but storing large amounts of cash in unregulated 'online wallets'  :-\

Useless really.  These myopic bliptards will never hear you.  After all, blips are going to $100,000 then $250,000, then $1,000,000!  Don'tcha know that?!?!   

::) ::) ::) ::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 04, 2020, 01:40:54 PM
Quote from: Mr Anabolic on August 04, 2020, 07:52:37 AM
You better re-read what I wrote - lol

Again... get a clue

Ummm you quoted me to argue what i said. Myself nor anyone else in this thread has associated currency devaluation with prosperity. Well, accept for you.

Start at page 1 and read through the thread so you can better understand the topic being discussed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on August 04, 2020, 02:32:52 PM
Quote from: Mayday on August 04, 2020, 01:40:54 PM
Ummm you quoted me to argue what i said. Myself nor anyone else in this thread has associated currency devaluation with prosperity. Well, accept for you.

Huh?  You're basically kissing the fed's ass for saving the economy/stock market and implying their funny money printing machine is good thing. 

BTW, they didn't save shit, they're just kicking a can while the USD becomes more and more devalued.  Giving a heroin addict more heroin might make him feel better initially, but at some point the addict ODs.

Inflation now and hyperinflation soon.  This is why gold and silver are taking off... just like I predicted a few years ago (in this thread).

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on August 04, 2020, 02:36:22 PM
Quote from: Mayday on August 04, 2020, 04:05:08 AM
The dow was 29k pre covid. 4 months on, stacks of unemployed, business closed, loan defaults inbound and it sits at... 26k.   Trillions in QE did that.

Giving people $600/wk unemployment benefits for months so people can buy food and make payments. Trillions in QE did that aswell.

Deferred loan repayments. Deferred Mtg repayments. Cash handout stimulus. QE is how you avoid a depression.

Nothing strange about QE and it is an unlimited system. Meanwhile our debt system has maxed out at 40yrs and is a finite system. It's ironic for people to claim QE is going to collapse us. It's the debt system that collapsed us and QE will bail us out.

This is what I was referring too... these statements.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 04, 2020, 03:10:08 PM
Quote from: Mr Anabolic on August 04, 2020, 02:36:22 PM
This is what I was referring too... these statements.

The depression was caused because the money supply shrank. It is well documented they fucked up and started QE years too late causing a depression rather than a recession.

We run a system based on leverage. As explained when it starts to unwind the money vanishes and this is what causes liquidity issues (GFC).

You either
A) allow the unwind to collapse everything today. Why would anybody want that?
B) QE and cause inflation whilst monetising debt.

During the GFC they did QE. It bought us 12 more years. Today they are doing QE and it prevented the market from falling out. Same as the GFC. The monetary system was collapsing due to the debt mechanism we use, QE gave it more live, hence it's ironic that people.blame QE for collapsing us when in fact it prevented the collapse. That isn't to say all debt was resolved, it wasn't and we continued using debt.

Go to my posts before this and i explain it. You have jumped in at the end of conversation and missed the context.

QE systems are infinite and Debt is finite as once borrowing capacity maxes out it stops.  If all your pay goes on loans, you can't borrow more. We maxed out the debt system in 40yrs and have hit the ceiling. Previous empires lasted a thousand years using the currency devaluation and even then it was how those empires were run that collapsed them, not the currency policy.

Does that help you understand a bit better now?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on August 04, 2020, 06:51:39 PM
Hey, G.Vince what's happened with 'gib' , died of Corona or ........................ ... :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on August 05, 2020, 03:52:36 AM
Quote from: Mayday on August 04, 2020, 03:10:08 PM
The depression was caused because the money supply shrank. It is well documented they fucked up and started QE years too late causing a depression rather than a recession.

We run a system based on leverage. As explained when it starts to unwind the money vanishes and this is what causes liquidity issues (GFC).

You either
A) allow the unwind to collapse everything today. Why would anybody want that?
B) QE and cause inflation whilst monetising debt.

During the GFC they did QE. It bought us 12 more years. Today they are doing QE and it prevented the market from falling out. Same as the GFC. The monetary system was collapsing due to the debt mechanism we use, QE gave it more live, hence it's ironic that people.blame QE for collapsing us when in fact it prevented the collapse. That isn't to say all debt was resolved, it wasn't and we continued using debt.

Go to my posts before this and i explain it. You have jumped in at the end of conversation and missed the context.

QE systems are infinite and Debt is finite as once borrowing capacity maxes out it stops.  If all your pay goes on loans, you can't borrow more. We maxed out the debt system in 40yrs and have hit the ceiling. Previous empires lasted a thousand years using the currency devaluation and even then it was how those empires were run that collapsed them, not the currency policy.

Does that help you understand a bit better now?


Just a lot of convoluted BS to justify more debt and fake funny money.

You should go work for the federal reserve... they love Keynesians like you.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on August 05, 2020, 04:06:49 AM
Quote from: Teutonic Knight 1 on August 04, 2020, 06:51:39 PM
Hey, G.Vince what's happened with 'gib' , died of Corona or ........................ ... :D

He's busy drafting "Mr A" rebuttal posts.   

Will go something like this:

BLIPS TO $100,000... then $250,000.... then $1,000,000!!!!

 ;D ;D ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 05, 2020, 04:55:59 AM
Quote from: Mr Anabolic on August 05, 2020, 04:06:49 AM
He's busy drafting "Mr A" rebuttal posts.   

Will go something like this:

BLIPS TO $100,000... then $250,000.... then $1,000,000!!!!

 ;D ;D ;D
People want to get paid in Bitcoin Catabolic!

https://www.marketwatch.com/story/square-stock-surges-after-ballooning-bitcoin-interest-drives-huge-revenue-beat-2020-08-04
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on August 05, 2020, 06:14:03 AM
Quote from: obsidian on August 05, 2020, 04:55:59 AM
People want to get paid in Bitcoin Catabolic!

https://www.marketwatch.com/story/square-stock-surges-after-ballooning-bitcoin-interest-drives-huge-revenue-beat-2020-08-04

BLIPS TO 1,000,000,000,000,000 !!!!!!!!!!!!!!

Lions and tigers and bears OH MY!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on August 05, 2020, 06:55:36 AM
Quote from: Mr Anabolic on August 05, 2020, 03:52:36 AM

Just a lot of convoluted BS to justify more debt and fake funny money.

You should go work for the federal reserve... they love Keynesians like you.

I personally disagree with the Keynesian theory.

Studies and econometric analysis have shown that a stable currency with low inflation is extremely important for financial stability and economic growth. This creates a lot more price certainty, especially for businesses which need to pay in advance for future orders and of course also gives more value to the money as it's worth will stay constant for much longer.

An aspect of Keynesian theory is that inflation keeps increasing but wages never match inflation. The wages go up to try and match inflation, and then inflation goes up again and incomes are constantly chasing inflation. And incomes will never catch up.

Of course, some inflation is inevitable over time but it should ideally be slow and gradual. With Keynesians, it doesn't matter, inflation is even encouraged, the idea is that money in the bank, because of their inflationary policies, will rapidly lose value and thus force people to spend or invest in property.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 05, 2020, 03:26:39 PM
Quote from: Mr Anabolic on August 05, 2020, 03:52:36 AM
Just a lot of convoluted BS to justify more debt and fake funny money.

You should go work for the federal reserve... they love Keynesians like you.

That's actually how it works so i'm not sure what to tell you *shrug*.

I can appreciate it might be daunting to get your head around it but if i can explain it and also hold up under scrutiny, maybe you want to take a moment to read my posts over to better understand the system?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on August 05, 2020, 04:29:31 PM


How is Bank of Portland performing in the last 111 days !.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on August 05, 2020, 05:05:04 PM
Quote from: Mayday on August 05, 2020, 03:26:39 PM
That's actually how it works so i'm not sure what to tell you *shrug*.

I can appreciate it might be daunting to get your head around it but if i can explain it and also hold up under scrutiny, maybe you want to take a moment to read my posts over to better understand the system?

The "system" is a fucking scam... that's all anyone needs to understand.

Seriously, you should've been a politician or bankster.  You'd be perfect.     
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 05, 2020, 06:37:27 PM
Quote from: Mr Anabolic on August 05, 2020, 05:05:04 PM
The "system" is a fucking scam... that's all anyone needs to understand.

Seriously, you should've been a politician or bankster.  You'd be perfect.   

The problem for people of your thinking is you immediately go to the extreme where the world is ending and that somehow we print a trillion dollars a week.

The poster having a go at me in the other thread, vomits up a claim that today we are in hyperinflation...... today.... LOL.... hyperinflation is defined as 50% inflation per month. Lets look at his claim by viewing New York where the ave fuel price in February was $2.54/gallon. His claim is 50% inflation per month therefore his claim is the price of fuel has been March $3.81, April $5.72, May $8.57, June $12.59, July $19.29, August $28.93.

The actual price of fuel in August is $2.18/gallon which is a 14% decline in the price pre covid. Deflation....... yet he is claiming we are all experiencing 50% inflation per month meanwhile in the real world shit is cheaper lol. That is a claim from someone having a go at me claiming i don't know anything.....

Demand for everything just died! As a result, the leverage is unwinding like a rocket and causing deflation. That isn't a 'scam' dude. We just shut the entire globe down due to a pandemic. WTF do you think would happen? The QE you are seeing being created right now is plugging the gap of the outflow, trying to keep us afloat, that's what you do.

Your fuel doesn't cost you $28/gallon. Your bread doesn't cost you $20/loaf.  But your house probably dropped 10%. What does that tell you?  Hopefully not hyperinflation lol.

I'm not a politician. I don't work for a bank. I am heavily involved in business intelligence and strategy.

I like debate but i'm not taking personal jabs at others so please don't do them to me.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Irongrip400 on August 05, 2020, 06:40:43 PM
Quote from: Mr Anabolic on August 05, 2020, 05:05:04 PM
The "system" is a fucking scam... that's all anyone needs to understand.

Seriously, you should've been a politician or bankster.  You'd be perfect.   

He’s not defending the system more than he’s just telling the “why” it is the way it is.   
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on August 06, 2020, 12:35:25 AM
Quote from: Mayday on August 05, 2020, 06:37:27 PM
The problem for people of your thinking is you immediately go to the extreme where the world is ending and that somehow we print a trillion dollars a week.

The poster having a go at me in the other thread, vomits up a claim that today we are in hyperinflation...... today.... LOL.... hyperinflation is defined as 50% inflation per month. Lets look at his claim by viewing New York where the ave fuel price in February was $2.54/gallon. His claim is 50% inflation per month therefore his claim is the price of fuel has been March $3.81, April $5.72, May $8.57, June $12.59, July $19.29, August $28.93.

The actual price of fuel in August is $2.18/gallon which is a 14% decline in the price pre covid. Deflation....... yet he is claiming we are all experiencing 50% inflation per month meanwhile in the real world shit is cheaper lol. That is a claim from someone having a go at me claiming i don't know anything.....

Demand for everything just died! As a result, the leverage is unwinding like a rocket and causing deflation. That isn't a 'scam' dude. We just shut the entire globe down due to a pandemic. WTF do you think would happen? The QE you are seeing being created right now is plugging the gap of the outflow, trying to keep us afloat, that's what you do.

Your fuel doesn't cost you $28/gallon. Your bread doesn't cost you $20/loaf.  But your house probably dropped 10%. What does that tell you?  Hopefully not hyperinflation lol.

I'm not a politician. I don't work for a bank. I am heavily involved in business intelligence and strategy.

I like debate but i'm not taking personal jabs at others so please don't do them to me.

I'm no expert and one has to try to make sense out of all the different opinions and interpretations by people who follow these things closer than I do but you definitely seem to be one of the more credible commentators here.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bevo on August 06, 2020, 12:58:50 AM
Mayday is putting a owning in this thread  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on August 06, 2020, 03:49:13 AM
Quote from: Bevo on August 06, 2020, 12:58:50 AM
Mayday is putting a owning in this thread  :D

But he's not "explaining" what's really going on, just the typical bullcrap that you would hear on CNBC everyday.  He's stating the obvious and arguing semantics.   

The entire monetary system is a SCAM... that's the real issue here.  They'll never tell you that on CNBC or FOX Business.  The fiat dollar system has been losing purchasing power for the last 100 years.  We've been robbed.  After the US was fully taken off the gold standard in 1971 it became much worse.  It was all done in plain sight, right under peoples noses.  Sadly, most ppl today are too distracted and apathetic to see it.  They are debt/wage slaves and they have no idea why.         
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on August 06, 2020, 05:25:51 AM
Quote from: Mr Anabolic on August 06, 2020, 03:49:13 AM
But he's not "explaining" what's really going on, just the typical bullcrap that you would hear on CNBC everyday.  He's stating the obvious and arguing semantics.   

The entire monetary system is a SCAM... that's the real issue here.  They'll never tell you that on CNBC or FOX Business.  The fiat dollar system has been losing purchasing power for the last 100 years.  We've been robbed.  After the US was fully taken off the gold standard in 1971 it became much worse. It was all done in plain sight, right under peoples noses.  Sadly, most ppl today are too distracted and apathetic to see it.  They are debt/wage slaves and they have no idea why.       

Agree 100 %

Not only for the US but for the world.

Now, instead of relatively stable currencies based on the value of gold, we now have far more volatile currencies, especially in poorer countries. The value is now determined almost solely by supply and demand and speculative investing in the money market which is highly liquid, so this money can be dis-invested quickly causing huge swings in currency value and even crashes.

Without a gold backed standard, it's very difficult for a country to maintain a stable currency within a range of set values or even a pegged or semi-pegged currency to the US dollar or a basket of currencies. As pegging a currency requires immense financial reserves in order to maintain the value within a set range but more importantly to defend from 'speculative attack'. As large banks will deliberately try and force the Reserve Bank out of reserves to defend the currency, if they believe there is a chance.

'Speculative attack' is a legitimate term in economics and and happened in the 1997 Asian financial crises. This is the reason the Thai baht collapsed, as their currency was being deliberately weakened by speculative traders, pushing the range to the lower limits thus forcing the Reserve Bank to 'defend' the currency and use foreign reserves. Eventually, they ran out, the Reserve was no longer able to defend and the currency crashed allowing local assets to be bought extremely cheap. I believe the Bank of Thailand has implicated Soros as being involved in this.

The next instance of an attempted speculative attack to crash a currency occurred in Hong Kong a few years ago. Once again, the Reserve Bank had stated they believed Soros to be involved. Like Thailand before, their HK dollar is still pegged to the US dollar, but unlike Thailand in 1997 they have huge reserves of foreign currency. Though there was an attempt, as the official range of their peg was almost breached and was pushed for a period.

Getting rid of the Gold Standard under the Bretton Woods System, was in my opinion done to favour wealthier countries as poorer countries would be condemned to have almost perpetually weak currencies. Now, it's all in the name of 'supply and demand' and they can no longer maintain a stable or strong currency. Of course, the official rationale is that the discrepancy in currency values would help trade and promote investment with those poorer countries....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on August 06, 2020, 06:34:13 AM
Quote from: Griffith on August 06, 2020, 05:25:51 AM
Agree 100 %

Not only for the US but for the world.

Now, instead of relatively stable currencies based on the value of gold, we now have far more volatile currencies, especially in poorer countries. The value is now determined almost solely by supply and demand and speculative investing in the money market which is highly liquid, so this money can be dis-invested quickly causing huge swings in currency value and even crashes.

Without a gold backed standard, it's very difficult for a country to maintain a stable currency within a range of set values or even a pegged or semi-pegged currency to the US dollar or a basket of currencies. As pegging a currency requires immense financial reserves in order to maintain the value within a set range but more importantly to defend from 'speculative attack'. As large banks will deliberately try and force the Reserve Bank out of reserves to defend the currency, if they believe there is a chance.

'Speculative attack' is a legitimate term in economics and and happened in the 1997 Asian financial crises. This is the reason the Thai baht collapsed, as their currency was being deliberately weakened by speculative traders, pushing the range to the lower limits thus forcing the Reserve Bank to 'defend' the currency and use foreign reserves. Eventually, they ran out, the Reserve was no longer able to defend and the currency crashed allowing local assets to be bought extremely cheap. I believe the Bank of Thailand has implicated Soros as being involved in this.

The next instance of an attempted speculative attack to crash a currency occurred in Hong Kong a few years ago. Once again, the Reserve Bank had stated they believed Soros to be involved. Like Thailand before, their HK dollar is still pegged to the US dollar, but unlike Thailand in 1997 they have huge reserves of foreign currency. Though there was an attempt, as the official range of their peg was almost breached and was pushed for a period.

Getting rid of the Gold Standard under the Bretton Woods System, was in my opinion done to favour wealthier countries as poorer countries would be condemned to have almost perpetually weak currencies. Now, it's all in the name of 'supply and demand' and they can no longer maintain a stable or strong currency. Of course, the official rationale is that the discrepancy in currency values would help trade and promote investment with those poorer countries....

Today's prices of $2060 gold and $28 silver is still very cheap, especially silver.  They both have a LONG way to go. 

I bought a shit-ton more when silver dumped to $12 in March.  What an incredible gift that was.  They'll be some bumps along the way, but silver is easily going to $100 at some point in the near future.  The COMEX and paper market is losing control of it.     
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 06, 2020, 04:53:22 PM
Quote from: Mr Anabolic on August 06, 2020, 03:49:13 AM
But he's not "explaining" what's really going on, just the typical bullcrap that you would hear on CNBC everyday.  He's stating the obvious and arguing semantics.   

The entire monetary system is a SCAM... that's the real issue here.  They'll never tell you that on CNBC or FOX Business.  The fiat dollar system has been losing purchasing power for the last 100 years.  We've been robbed.  After the US was fully taken off the gold standard in 1971 it became much worse.  It was all done in plain sight, right under peoples noses.  Sadly, most ppl today are too distracted and apathetic to see it.  They are debt/wage slaves and they have no idea why.       

You said: --> The "system" is a fucking scam... that's all anyone needs to understand.

You then said about me: --> But he's not "explaining" what's really going on

Bro......  come on. You are giving yourself a free pass yet holding me to a higher standard.

You obviously believe you can say 'it's a scam. The end' then bathe in the glory of your intelligence as others fall to the mercy of your enormous brain.

I have been outlining how the system functions on a number of threads and answering loads of questions. It's always top level talk but i am more detailed than you.

I don't watch that news channel so i can't comment. I'm surprised to learn they discuss the details of the money supply and why the current QE is not causing inflation. Since this is what you are claiming they are doing, kudos to them for being the first media outlet to break away from the norm claiming it's mass inflation (which is all i see being reported via media).

You said --> The fiat dollar system has been losing purchasing power for the last 100 years.  We've been robbed.
**Yes currency has devalued as it normally does throughout all of history. Your wages also increased. Asset prices have also increased. Are you suggesting you have it worse today than people in 1920 because you are robbed?  How have you been robbed? What did they steal from you? Who stole it from you? What is the value of the theft from you personally to date?

You said -->  After the US was fully taken off the gold standard in 1971 it became much worse.
**They detached from gold because they didn't need the currency to be back anymore. They started printing currency at 15% which gave immediate inflation. As a result they looked for a way to hide inflation, which they did so by switching to a debt based system (a liability to be repaid). Instead of printing currency, they expanded via debt. So instead of 15% currency printing (immediate inflation) you get 5% currency printing (immediate) and 10% expansion from debt (delayed inflation) giving the same expansion of 15% but with a faction of the inflation.

You said --> It was all done in plain sight, right under peoples noses.
**Virtually no average person has any clue as to how the financial system works. Yet virtually everybody has an opinion of why it's broken...... 

You said --> They are debt/wage slaves and they have no idea why.       
**Please share which period in history where people did not work for wages and had it easy.
People always worked. People always struggle with one thing or another. People will always spend more than they should and then bitch about it when it goes pear shaped.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on August 06, 2020, 11:59:01 PM
I alway hear that argument that the dollar steadily and consistently loses it's value over time. A $1000 today is not worth as much compared to $1,000 20 years ago. And I know that's true, but I can't help but think why are we not poorer? Why hasn't our standard of living gone down? I look at what the dollars today can buy compared to 20 years ago. OK, so my $1,000 isn't worth as much as my Dad's $1,000 but when I compare the, say, lap top I can buy with a grand compared to what kind of laptop I would get 20 years ago for a grand. It's night and day.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on August 07, 2020, 03:44:57 AM
Quote from: pellius on August 06, 2020, 11:59:01 PM
I alway hear that argument that the dollar steadily and consistently loses it's value over time. A $1000 today is not worth as much compared to $1,000 20 years ago. And I know that's true, but I can't help but think why are we not poorer? Why hasn't our standard of living gone down? I look at what the dollars today can buy compared to 20 years ago. OK, so my $1,000 isn't worth as much as my Dad's $1,000 but when I compare the, say, lap top I can buy with a grand compared to what kind of laptop I would get 20 years ago for a grand. It's night and day.
Yes, we also make much more at our jobs today to make up for the dollar supposedly losing value.  How can it be determined that the dollar is losing value anyway?  The merchandise we purchase today is way different than it was decades ago.  A television set in the 1970's took up half the living room and probably cost a week or two of paychecks while today we but much better tv's for $200 bucks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 07, 2020, 05:28:21 AM
Quote from: Mayday on August 05, 2020, 06:37:27 PM
The problem for people of your thinking is you immediately go to the extreme where the world is ending and that somehow we print a trillion dollars a week.

The poster having a go at me in the other thread, vomits up a claim that today we are in hyperinflation...... today.... LOL.... hyperinflation is defined as 50% inflation per month. Lets look at his claim by viewing New York where the ave fuel price in February was $2.54/gallon. His claim is 50% inflation per month therefore his claim is the price of fuel has been March $3.81, April $5.72, May $8.57, June $12.59, July $19.29, August $28.93.

The actual price of fuel in August is $2.18/gallon which is a 14% decline in the price pre covid. Deflation....... yet he is claiming we are all experiencing 50% inflation per month meanwhile in the real world shit is cheaper lol. That is a claim from someone having a go at me claiming i don't know anything.....

Demand for everything just died! As a result, the leverage is unwinding like a rocket and causing deflation. That isn't a 'scam' dude. We just shut the entire globe down due to a pandemic. WTF do you think would happen? The QE you are seeing being created right now is plugging the gap of the outflow, trying to keep us afloat, that's what you do.

Your fuel doesn't cost you $28/gallon. Your bread doesn't cost you $20/loaf.  But your house probably dropped 10%. What does that tell you?  Hopefully not hyperinflation lol.

I'm not a politician. I don't work for a bank. I am heavily involved in business intelligence and strategy.

I like debate but i'm not taking personal jabs at others so please don't do them to me.
Yes the cost of gas is refreshing. However other items like food and service is getting more expensive. My wife went to Burger King the other day and the bill was over $20 for two. Might as well go to a real restaurant the prices are close. Stuff at the grocery store is going up.

TV's are dirt cheap though - however it shows in the quality. They don't last very long these days before developing some defect.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on August 07, 2020, 05:33:35 AM
Quote from: obsidian on August 07, 2020, 05:28:21 AM
Yes the cost of gas is refreshing. However other items like food and service is getting more expensive. My wife went to Burger King the other day and the bill was over $20 for two. Might as well go to a real restaurant the prices are close. Stuff at the grocery store is going up.

TV's are dirt cheap though - however it shows in the quality. They don't last very long these days before developing some defect.

compare those old crt tv's to the modern lcd tv's , many are still working for 30/40 years in great condition , only the tube needs replacing , a modern tv and most appliances , how long are they going to last . . . ?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 07, 2020, 05:34:01 AM
Quote from: pellius on August 06, 2020, 11:59:01 PM
I alway hear that argument that the dollar steadily and consistently loses it's value over time. A $1000 today is not worth as much compared to $1,000 20 years ago. And I know that's true, but I can't help but think why are we not poorer? Why hasn't our standard of living gone down? I look at what the dollars today can buy compared to 20 years ago. OK, so my $1,000 isn't worth as much as my Dad's $1,000 but when I compare the, say, lap top I can buy with a grand compared to what kind of laptop I would get 20 years ago for a grand. It's night and day.
You're getting paid more. My father in law was making $2 per hour and then $3 per hour back in the 60s and living the high life. He bought a brand new Corvette for what $4000? I'll have to ask him he told me the exact amount but I forgot. All I know is it was dirt cheap. Now minimum wage is a lot more than his high paying job that he had back then.

Eventually people with a skill set that earns them $100,000 per year in 2020 will be making $1 million. This has happened in other countries that have seen dramatic inflation. So if Bitcoin goes to $100,000 it would just keep pace with salary increases.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 07, 2020, 05:37:55 AM
Quote from: DooM_ on August 07, 2020, 05:33:35 AM
compare those old crt tv's to the modern lcd tv's , many are still working for 30/40 years in great condition , only the tube needs replacing , a modern tv and most appliances , how long are they going to last . . . ?
I bought a 22" Acer LCD for my then computer in 2007 when they were the latest thing out. Since then I have upgraded to Samsung 40" 4K screens 3 years ago. And one has developed a screen defect. I have another 2K Samsung LED TV that also developed a defect. Defect can't be fixed. So either live with it or throw it out or sell it for next to nothing.

Meanwhile the 22" Acer LCD is still working perfectly. I have it connected to another computer in the house!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on August 07, 2020, 10:30:26 AM
Quote from: DooM_ on August 07, 2020, 05:33:35 AM
compare those old crt tv's to the modern lcd tv's , many are still working for 30/40 years in great condition , only the tube needs replacing , a modern tv and most appliances , how long are they going to last . . . ?
I've had my Vizio television for years and it still works as good today as the day I bought it.  Same with my Acer Chromebook.  They are so inexpensive I could buy a new one every year and it still would not cost me much at all.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on August 07, 2020, 05:20:35 PM
This crypto spike is missing Gib's larping.

Even 9 figure investors aren't safe from covid. Pip  :'(

He warned us months ago.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 07, 2020, 06:11:23 PM
Quote from: obsidian on August 07, 2020, 05:28:21 AM
Yes the cost of gas is refreshing. However other items like food and service is getting more expensive. My wife went to Burger King the other day and the bill was over $20 for two. Might as well go to a real restaurant the prices are close. Stuff at the grocery store is going up.

TV's are dirt cheap though - however it shows in the quality. They don't last very long these days before developing some defect.

The CPI will show you overall consumer inflation currently at next to nothing (sub 1%). You can see the fluctuation for supermarkets and the decrease for energy short term but this is caused by environmental influence, don't mistake it for QE influenced. Eg look at 2009 and there was deflation despite huge QE. I touched on my strategy for consumer retail previously which outlines why you see some prices go up at a broad top level view.

Money drives innovation and improves quality of life. A tv used to take 6 months to save up for, was the size of a microwave and had shitty 360p resolution. A tv today can be purchased with 2 weeks saving, has a  billion more parts and resolution 10x better.  Go buy a tv for 30k and you can rave about the quality or buy a tv for $400 bucks and moan about how it isn't as good as a 30k tv. Pick your poison but compare apples for apples. Today's consumer goods are dirt cheap and everybody has access to them.

I'd still love to hear detail about this apparent 'robbing' going on. If someone is worse off today than 40yrs ago you made horrid life choices.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on August 09, 2020, 06:03:05 AM
what would be the fair value of a bitcoin? And why?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on August 09, 2020, 05:31:01 PM
Quote from: Mayday on August 07, 2020, 06:11:23 PM
The CPI will show you overall consumer inflation currently at next to nothing (sub 1%). You can see the fluctuation for supermarkets and the decrease for energy short term but this is caused by environmental influence, don't mistake it for QE influenced. Eg look at 2009 and there was deflation despite huge QE. I touched on my strategy for consumer retail previously which outlines why you see some prices go up at a broad top level view.

Money drives innovation and improves quality of life. A tv used to take 6 months to save up for, was the size of a microwave and had shitty 360p resolution. A tv today can be purchased with 2 weeks saving, has a  billion more parts and resolution 10x better.  Go buy a tv for 30k and you can rave about the quality or buy a tv for $400 bucks and moan about how it isn't as good as a 30k tv. Pick your poison but compare apples for apples. Today's consumer goods are dirt cheap and everybody has access to them.

I'd still love to hear detail about this apparent 'robbing' going on. If someone is worse off today than 40yrs ago you made horrid life choices.

I love how Keynesians always cherry pick TVs and computers when trying to argue against inflation.  So typical.

Food, energy, tuition, cars, basic goods, necessities and services all sky high compared to 20 years ago.  Practically ZERO interest rates on cash in the bank.  Social security is not properly adjusted over time to match the true inflation rate. 

General Stores were once known as the "Nickel store"... then they became "Five and Dime" stores... now they are $1 stores... soon they'll be $10 Dollar stores... then $100 Dollar stores.

Yes, Mayday my lad... ppl are being ROBBED.

Are you s-u-r-e you don't work for CNBC or the government?  - lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on August 10, 2020, 03:44:25 AM
Quote from: Mr Anabolic on August 09, 2020, 05:31:01 PM
I love how Keynesians always cherry pick TVs and computers when trying to argue against inflation.  So typical.

Food, energy, tuition, cars, basic goods, necessities and services all sky high compared to 20 years ago.  Practically ZERO interest rates on cash in the bank.  Social security is not properly adjusted over time to match the true inflation rate. 

General Stores were once known as the "Nickel store"... then they became "Five and Dime" stores... now they are $1 stores... soon they'll be $10 Dollar stores... then $100 Dollar stores.

Yes, Mayday my lad... ppl are being ROBBED.

Are you s-u-r-e you don't work for CNBC or the government?  - lol

Do you believe that people are eating worse than they did 20 years ago? I remember growing up that eating out was a big deal. Our family went to the grand opening of McDonald's in our neighborhood and we got dressed up to go. Shoes and everything which is pretty formal for Hawaii. Packing your lunch was the rule rather than the exception. Nowadays people are eating out virtually everyday often several times a day.

Do you believe that people are more energy deprived than they were in previous generations? When I compare the homes today with their air condtioners and the vast array of appliances and electronics that has increased energy consumption exponentially. I don't know of any home owners that don't have more than one refrigerator and more TVs and computers than people who actually live in the home.

It was rare that any of my friends in high school had complete access to a car. Nowadays it seems like most teens of driving age have complete access to brand new cars. Rare are the ones that have to get "fixer uppers" if they ever want to drive.

As far as services: jeeze, food delivery alone as on a whole new level. Before it's was just pizza. Now you can have deliveries (even before Covid) from fine restaurants. The bus system is way better and more efficient now. Taxis, Uber, Lyft are huge and people used them everyday. Garbage pick-up is much more reliable and consistent. It seems that the majority of people now hire someone else to cut their grass. The availability of getting goods and services from the net is virtually unlimited and you get your stuff in days rather than weeks like how it was when I was a kid. Any service imaginable is now available and affordable to the vast majority.

I don't know how old you are but I am sixty years old and I can tell you from first hand experience that the quality of life has vastly improved, and continues to improve, since I was in my twenties and it's accessibility to all has also increased. Even people living off welfare and living in section 8 housing have cars, computers, cell phones (even for their kids) and are hardly starving since the majority of the under class very distinctly fat.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on August 10, 2020, 04:32:31 AM
Quote from: pellius on August 10, 2020, 03:44:25 AM
Do you believe that people are eating worse than they did 20 years ago? I remember growing up that eating out was a big deal. Our family went to the grand opening of McDonald's in our neighborhood and we got dressed up to go. Shoes and everything which is pretty formal for Hawaii. Packing your lunch was the rule rather than the exception. Nowadays people are eating out virtually everyday often several times a day.

Do you believe that people are more energy deprived than they were in previous generations? When I compare the homes today with their air condtioners and the vast array of appliances and electronics that has increased energy consumption exponentially. I don't know of any home owners that don't have more than one refrigerator and more TVs and computers than people who actually live in the home.

It was rare that any of my friends in high school had complete access to a car. Nowadays it seems like most teens of driving age have complete access to brand new cars. Rare are the ones that have to get "fixer uppers" if they ever want to drive.

As far as services: jeeze, food delivery alone as on a whole new level. Before it's was just pizza. Now you can have deliveries (even before Covid) from fine restaurants. The bus system is way better and more efficient now. Taxis, Uber, Lyft are huge and people used them everyday. Garbage pick-up is much more reliable and consistent. It seems that the majority of people now hire someone else to cut their grass. The availability of getting goods and services from the net is virtually unlimited and you get your stuff in days rather than weeks like how it was when I was a kid. Any service imaginable is now available and affordable to the vast majority.

I don't know how old you are but I am sixty years old and I can tell you from first hand experience that the quality of life has vastly improved, and continues to improve, since I was in my twenties and it's accessibility to all has also increased. Even people living off welfare and living in section 8 housing have cars, computers, cell phones (even for their kids) and are hardly starving since the majority of the under class very distinctly fat.

I'm talking about real inflation here.  People are having to work multiple minimum wage jobs in order to survive.  Many seniors are having to get reverse mortgages to keep up.  People are living in their mommies basements because they cannot afford to live on their own. 

You're saying that accessibility and technocracy is improving people's lives while they are;
Living in section 8 housing, texting on their cellphones, watching 60" tv's, eating junk food, not working and collecting welfare.  Hey, but at least they're doing it all in an air conditioned room!   

::) ::) ::)
 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 10, 2020, 05:16:22 AM
Quote from: Mr Anabolic on August 09, 2020, 05:31:01 PM
not properly adjusted over time to match the true inflation rate. 

Yes, Mayday my lad... ppl are being ROBBED.

Are you s-u-r-e you don't work for CNBC or the government?  - lol

Well you pretty much dismissed everything i said. I explained how to delay inflation. If a takeaway hamburger going from $2 to $6 in 20yrs impacts you more than a house going from 60k to 800k while your wage increased only 40%, well i guess hamburgers are more important to you than me.

I'm explaining how a currency system functions and hides things and you immediately complain that a nickel store is now a $1 store.....  I don't shop at dollar stores, maybe if you check your ego at the door you wouldn't have to either.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on August 10, 2020, 05:31:51 AM
Quote from: Mayday on August 10, 2020, 05:16:22 AM
Well you pretty much dismissed everything i said. I explained how to delay inflation. If a takeaway hamburger going from $2 to $6 in 20yrs impacts you more than a house going from 60k to 800k while your wage increased only 40%, well i guess hamburgers are more important to you than me.

I'm explaining how a currency system functions and hides things and you immediately complain that a nickel store is now a $1 store.....  I don't shop at dollar stores, maybe if you check your ego at the door you wouldn't have to either.

No, YOU are ignoring what I am saying... totally.

How many houses in the US have appreciated from $60K to $800K?   In a bubble cities in CA maybe, but that's it... totally unsustainable.  That's not an average.  The average American is getting slaughtered by inflation and wages have not kept up... you denying this?

I shop at dollar stores? - lol   Just once... I bought 5 gal buckets there to hold all my silver and ammo.

What a joke you are.  All semantics, no substance.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 10, 2020, 06:50:54 AM
Quote from: Mr Anabolic on August 10, 2020, 05:31:51 AM
No, YOU are ignoring what I am saying... totally.

How many houses in the US have appreciated from $60K to $800K?   In a bubble cities in CA maybe, but that's it... totally unsustainable.  That's not an average.  The average American is getting slaughtered by inflation and wages have not kept up... you denying this?

I shop at dollar stores? - lol   Just once... I bought 5 gal buckets there to hold all my silver and ammo.

What a joke you are.  All semantics, no substance.

So you claim inflation of bread is slaughtering average Americans and not property.

Fair enough. I am outaide the US and perhaps you are right and Americans are so overwhelmed with buying bread for 2 bucks a loaf that they are unable to make repahments on their.600k home.

For me, bread went from $2/loaf to $3.40. In the same period of time, the median house went from 0.28m to 1.1m.  I don't know anybody who complained about trying to find the additional $1.40 to buy bread as you claim you personally experienced but i know plenty who struggled to find the extra $820,000.00 to put a roof over their head.

So from your personal experience, you believe the GFC was actually a bread price crisis?   That low income households failed to make mortgage repayments because bread was expensive?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on August 10, 2020, 09:14:11 AM
Quote from: Mayday on August 10, 2020, 06:50:54 AM
So you claim inflation of bread is slaughtering average Americans and not property.

Fair enough. I am outaide the US and perhaps you are right and Americans are so overwhelmed with buying bread for 2 bucks a loaf that they are unable to make repahments on their.600k home.

For me, bread went from $2/loaf to $3.40. In the same period of time, the median house went from 0.28m to 1.1m.  I don't know anybody who complained about trying to find the additional $1.40 to buy bread as you claim you personally experienced but i know plenty who struggled to find the extra $820,000.00 to put a roof over their head.

So from your personal experience, you believe the GFC was actually a bread price crisis?   That low income households failed to make mortgage repayments because bread was expensive?

WTF are you talking about?   Some rebuttal - lol   Total waste of my time going back and forth with you. 

One more time... read it a few times if you need to: 

Food, energy, rent, tuition, cars, basic goods, necessities and services all sky high compared to 20 years ago.  Practically ZERO interest rates on cash in the bank.  Social security is not properly adjusted over time to match the true inflation rate. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on August 10, 2020, 10:34:13 AM
Quote from: Mr Anabolic on August 09, 2020, 05:31:01 PM
I love how Keynesians always cherry pick TVs and computers when trying to argue against inflation.  So typical.

Food, energy, tuition, cars, basic goods, necessities and services all sky high compared to 20 years ago.  Practically ZERO interest rates on cash in the bank.  Social security is not properly adjusted over time to match the true inflation rate. 

General Stores were once known as the "Nickel store"... then they became "Five and Dime" stores... now they are $1 stores... soon they'll be $10 Dollar stores... then $100 Dollar stores.

Yes, Mayday my lad... ppl are being ROBBED.

Are you s-u-r-e you don't work for CNBC or the government?  - lol

so you think we should have higher interest rates now?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on August 10, 2020, 10:36:45 AM
Quote from: Griffith on August 06, 2020, 05:25:51 AM
Now, instead of relatively stable currencies based on the value of gold, we now have far more volatile currencies, especially in poorer countries. The value is now determined almost solely by supply and demand and speculative investing in the money market which is highly liquid, so this money can be dis-invested quickly causing huge swings in currency value and even crashes.

arguing for or against the gold standard is a complex issue, but I think, generally speaking, it would be better if the value of a dollar was fixed to a certain amount of gold. Then the central banks could not print money like crazy and we would have to solve financial crises in other ways, perhaps better ways.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on August 10, 2020, 12:27:39 PM
Quote from: FitnessFrenzy on August 10, 2020, 10:34:13 AM
so you think we should have higher interest rates now?

Yes, slowly adjusted higher over a long period of time.  There would be some pain initially, but it would eventually pass.  They don't want to do that though.  These days the Fed comes to the rescue every time the market has a hiccup.  This only makes everything worse over the long term.  They never let natural market forces come into play.  They've been able to delay it for many years, but when the market eventually does break, it's going to be a huge. 

Fed Chairman Volker did the right thing in the late 70's by raising the interest rates.  By the early 80's things were getting better and the market did very well.  Then we had 1987 crash, the LTCM crisis hit, then the tech bubble.  Banksters simply cannot abide by the rules, they get greedy, then something bad happens.  Then once things are fucked up, they get bailouts.  Notice how they always privatize their gains and socialize their losses.  The moral hazard is much worse now than it's ever been before. 

The last 10 years of market gains have been fake... all caused by Fed pumping trillions and trillions into the system.  Quadrillions are next.  Look out below.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 11, 2020, 08:35:49 PM
Quote from: Mr Anabolic on August 10, 2020, 09:14:11 AM
WTF are you talking about?   Some rebuttal - lol   Total waste of my time going back and forth with you. 

One more time... read it a few times if you need to: 

Food, energy, rent, tuition, cars, basic goods, necessities and services all sky high compared to 20 years ago.  Practically ZERO interest rates on cash in the bank.

Just because you bought a bucket at the dollar shop and put some pieces of silver in it, doesn't make you suddenly an intellectual wrecking ball. The very act of you bragging about keeping your silver in a bucket backs me up on that.

The Consumer price inflation is the metric that measures those very things you are arguing are 'sky high'. That is generally an annual consumer inflation rate of 1%-2%. They get that from tracking hundreds of consumer market prices, the very things you continue to argue are sky high and causing people hardship.

Look, you have yourself massively confused and you are all backwards and inside out. Property has caused hardship done via the deb mechanism the monetary system uses. People do not start off struggling to afford food, services and all the nice extras. Case in point, look at millennials who are spending like sailors on fun and nice materials things.   People struggle to buy a property. They buy one anyone and as a result they then struggle to afford cars, consumer items, holidays etc.

The GFC was a credit crisis. They even called it the credit crisis. It was triggered off by surpassing the realistic debt ceiling that defaulted and caused an unwinding of debt resulting liquidity crisis as deflation set in. It wasn't call the 'bread is to expensive' crisis.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 11, 2020, 10:45:42 PM
Quote from: FitnessFrenzy on August 10, 2020, 10:36:45 AM
arguing for or against the gold standard is a complex issue, but I think, generally speaking, it would be better if the value of a dollar was fixed to a certain amount of gold. Then the central banks could not print money like crazy and we would have to solve financial crises in other ways, perhaps better ways.

Sure, it could be used somewhat of a deterrent to print currency but given central banks do not allow independent audits of their physical holdings, i'm not so convinced they would be squeaky clean.

Regulatory bodies for banks and funds need to play a bigger part for debt and liquidity. Preventing spastic from going full spastic will do a lot.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on August 12, 2020, 03:39:50 AM
Quote from: Mayday on August 11, 2020, 08:35:49 PM
Just because you bought a bucket at the dollar shop and put some pieces of silver in it, doesn't make you suddenly an intellectual wrecking ball. The very act of you bragging about keeping your silver in a bucket backs me up on that.

The Consumer price inflation is the metric that measures those very things you are arguing are 'sky high'. That is generally an annual consumer inflation rate of 1%-2%. They get that from tracking hundreds of consumer market prices, the very things you continue to argue are sky high and causing people hardship.

Look, you have yourself massively confused and you are all backwards and inside out. Property has caused hardship done via the deb mechanism the monetary system uses. People do not start off struggling to afford food, services and all the nice extras. Case in point, look at millennials who are spending like sailors on fun and nice materials things.   People struggle to buy a property. They buy one anyone and as a result they then struggle to afford cars, consumer items, holidays etc.

The GFC was a credit crisis. They even called it the credit crisis. It was triggered off by surpassing the realistic debt ceiling that defaulted and caused an unwinding of debt resulting liquidity crisis as deflation set in. It wasn't call the 'bread is to expensive' crisis.

Nice try, but you still haven't addressed the root causes.  You're merely parroting the MSM or articles you read in the Economist... all claptrap. 

This is nonsense they teach ppl who take "economics" in college.  The ivory tower doesn't teach Austrian economics, only Keynesian.  When they come out of school, they are totally brainwashed and are primed for jobs in government, politics or CNBC - lol

Read it again...
Food, energy, rent, tuition, cars, basic goods, necessities and services all sky high compared to 20 years ago.  Practically ZERO interest rates on cash in the bank.  Social security is not properly adjusted over time to match the true inflation rate.

By the way... the silver is overflowing those buckets.. . I'll guess I'll have to go back to the dollar store and get more.  You forgot to mention all my ammo   ;D 8) 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 12, 2020, 05:44:23 AM
Quote from: Mr Anabolic on August 12, 2020, 03:39:50 AM
Nice try, but you still haven't addressed the root causes.  You're merely parroting the MSM or articles you read in the Economist... all claptrap. 

This is nonsense they teach ppl who take "economics" in college.  The ivory tower doesn't teach Austrian economics, only Keynesian.  When they come out of school, they are totally brainwashed and are primed for jobs in government, politics or CNBC - lol

Read it again...
Food, energy, rent, tuition, cars, basic goods, necessities and services all sky high compared to 20 years ago.  Practically ZERO interest rates on cash in the bank.  Social security is not properly adjusted over time to match the true inflation rate.

By the way... the silver is overflowing those buckets.. . I'll guess I'll have to go back to the dollar store and get more.  You forgot to mention all my ammo   ;D 8)

Ok no prob if that's how you want to see it.

I was in the silver play duing 2011. Back when it hit $47 and then crashed (i got in at 15, out at 41). Nearly a decade later it's $25..... gold hit 1900 in 2011 and today almost a decade later it's 1900......   the very thing that is used to hedge against currency deflation (and CPI) is valued the same today as in 2011. .... the US just printed trillions.... ... yet gold isn't worth more than in 2011.

Ammo is probably wise in the US right now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on August 12, 2020, 05:46:22 AM
Quote from: Mayday on August 12, 2020, 05:44:23 AM
Ok no prob if that's how you want to see it.

I was in the silver play duing 2011. Back when it hit $47 and then crashed (i got in at 15, out at 41). Nearly a decade later it's $25..... gold hit 1900 in 2011 and today almost a decade later it's 1900......   the very thing that is used to hedge against currency deflation (and CPI) is valued the same today as in 2011. .... the US just printed trillions.... ... yet gold isn't worth more than in 2011.

Ammo is probably wise in the US right now.

Patience my son.

Now take the stock market gains over the past 120 years and adjust them for inflation. 

Now do the same for gold.

Gold wins.  ;D

Yeah, I have gold too.  I routinely dump it all on my bed and roll in it.  Just like Scrooge Mc Duck.

It's epic!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 22, 2020, 07:49:13 AM
Bitcoin is now over $12,800 and Ethereum over $400.

Anabolic where are you?!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on October 22, 2020, 07:52:54 AM
Quote from: obsidian on October 22, 2020, 07:49:13 AM
Bitcoin is now over $12,800 and Ethereum over $400.

Anabolic where are you?!

Right on cue.  I was waiting for some bliptard bozo to reactive this thread.

Bliptards get all excited on the pump, but then disappear after the dump.

Silver has doubled since you last posted... where were you? 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 22, 2020, 08:03:08 AM
Quote from: Mr Anabolic on October 22, 2020, 07:52:54 AM
Right on cue.  I was waiting for some bliptard bozo to reactive this thread.

Silver has doubled since you last posted... where were you?
WOW that was fast lol!

I have silver coins.

The price of Silver was over $18 per ounce at the beginning of 2020. Now it is 24.50
24.50 / 18.20 = 1.34

Bitcoin was around $7,200 and now it is at over $12,900.  12900 / 7200 = 1.79

Ethereum was around $129 and now it is at over $413. 413 / 129 = 3.20!

Ethereum is up 320 % for the year and Silver is up 134%!

LMAO!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on October 22, 2020, 08:08:46 AM
Quote from: obsidian on October 22, 2020, 08:03:08 AM
WOW that was fast lol!

I have silver coins.

The price of Silver was over $18 per ounce at the beginning of 2020. Now it is 24.50
24.50 / 18.20 = 1.34

Depends where you bought. 

I bought that huge dip in March when it hit $12.  I took $100K of trading profits (from shorting the CONvid scare) and turned it into 90% pre-65 coins.  I got them before they raised the premiums too.

Again... where were you?

You're small potatoes taking a huge victory lap.

LMAO!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 22, 2020, 08:51:44 AM
Quote from: Mr Anabolic on October 22, 2020, 08:08:46 AM
Depends where you bought. 

I bought that huge dip in March when it hit $12.  I took $100K of trading profits (from shorting the CONvid scare) and turned it into 90% pre-65 coins.  I got them before they raised the premiums too.

Again... where were you?

You're small potatoes taking a huge victory lap.

LMAO!
I bought silver back in 2008 when it was $15 per ounce. So in 2020 it dipped to $12 and now it is at $24.50. Big whoop that sounds like a mediocre investment which it is.

You're not making a good case here LMAO!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on October 22, 2020, 10:17:50 AM
Quote from: obsidian on October 22, 2020, 08:51:44 AM
I bought silver back in 2008 when it was $15 per ounce. So in 2020 it dipped to $12 and now it is at $24.50. Big whoop that sounds like a mediocre investment which it is.

You're not making a good case here LMAO!

Mediocre investment?... that $100K is now $200K.  I hope it goes down again so I can buy more on the cheap.

Like I predicted many many pages ago in this thread "Fedcoin" is coming.  When it does, all cryptos including blipcoins will be most likely be deemed illegal, so you better cash out now while you still can.

Lastly, I don't have to "make a case"... like I said, you're small potatoes. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 25, 2020, 12:43:58 AM
Quote from: Mr Anabolic on October 22, 2020, 10:17:50 AM
Mediocre investment?... that $100K is now $200K.  I hope it goes down again so I can buy more on the cheap.

Like I predicted many many pages ago in this thread "Fedcoin" is coming.  When it does, all cryptos including blipcoins will be most likely be deemed illegal, so you better cash out now while you still can.

Lastly, I don't have to "make a case"... like I said, you're small potatoes.
You could have made more profits with Ethereum. It's up over 300% this year.

Regarding gold and silver:

https://www.huffpost.com/entry/when-owning-gold-was-ille_b_10708196?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuYmluZy5jb20v&guce_referrer_sig=AQAAAEYpSg0u2Pd0SpsuDUxSVgFcIg7U4cBNL6OVKLg7eKQhch0Uk9gl9lv5RqbUSJKV-ksndxTWonB8az7rsYFN_v07WlJ2pjNwoBbjFLu1JlTLK9l0t-txcYRenjxkLScRpJ_5XxNe-r3XuSRJ9UEanyZro9mUDKUkfH2RQsvxnEcj

FDR Outlaws Gold

One of FDR’s first acts as president, therefore, was to declare the fact that Americans were withdrawing their gold and currency from the beleaguered banking system “a national emergency.” He ordered all banks to close from March 6-9 “in order to prevent the export, hoarding, or earmarking of gold or silver coin or bullion or currency.” 

Because he believed this action was not sufficient to prevent runs on banks and the resulting drain of gold from the system, on April 5, 1933, one month after taking office, Roosevelt used the powers granted to the president by the Trading with the Enemy Act of 1917 to make gold ownership illegal. He issued Executive Order 6102, which made gold ownership—both in coins and in bars—illegal for all Americans and punishable by up to ten years in prison. Anyone caught with gold would also have to pay a fine of twice the amount of gold that was not turned over to the Federal Reserve in exchange for paper money.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Methyl m1ke on October 25, 2020, 12:54:23 AM
Quote from: FitnessFrenzy on August 10, 2020, 10:36:45 AM
arguing for or against the gold standard is a complex issue, but I think, generally speaking, it would be better if the value of a dollar was fixed to a certain amount of gold. Then the central banks could not print money like crazy and we would have to solve financial crises in other ways, perhaps better ways.

Moving away from the gold standard produced the luxurious country as you enjoy it today. Well that and fractional lending.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on October 25, 2020, 01:18:39 AM
I wonder who now owns the bitcoins Goodrum had.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 25, 2020, 03:04:07 AM
Quote from: Mr Anabolic on October 22, 2020, 10:17:50 AM
Like I predicted many many pages ago in this thread "Fedcoin" is coming.  When it does, all cryptos including blipcoins will be most likely be deemed illegal, so you better cash out now while you still can.

First the Buzz Aldrin clip you posted and now this doozy, today is just not your day lol.

The Fed digital dollar is no different to the US dollars you have in your bank account today. What they are trying to do is come up with a process where they can create currency immediately and deposit directly into people's bank accounts vs today whrre they purchase bonds to inject the currency.

The 'digital dollar' is not a crypto nor does it compete with cryptos. It is exactly the same as you have in your bank account today.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on October 25, 2020, 03:12:51 AM
Quote from: FitnessFrenzy on October 25, 2020, 01:18:39 AM
I wonder who now owns the bitcoins Goodrum had.

VVV's vast assets are only the concern of him and the IRS
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on October 25, 2020, 03:35:02 AM
Quote from: a_pupil on October 25, 2020, 03:12:51 AM
VVV's vast assets are only the concern of him and the IRS

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Vince G, CSN MFT on October 25, 2020, 07:58:23 AM
Quote from: obsidian on October 22, 2020, 07:49:13 AM
Bitcoin is now over $12,800 and Ethereum over $400.

Anabolic where are you?!

Ethereum is fucking awesome.  I got those early in the game  along with Litecoin and it blew up.


I'm not sure why people think I just sold all my bitcoin for because I didnt.  I'm actively trading crypto along with other currency on the forex market.  I'm also bringing people into an organization I'm working with that is marketing v999 and g999 bitcoins.   You can go to http://www.ourmoneyisgold.info if you wanna know more about it.  But if you're not into bitcoin,  you're missing out
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on October 25, 2020, 08:13:38 AM
Quote from: Vince G, CSN MFT on October 25, 2020, 07:58:23 AM
Ethereum is fucking awesome.  I got those early in the game  along with Litecoin and it blew up.


I'm not sure why people think I just sold all my bitcoin for because I didnt.  I'm actively trading crypto along with other currency on the forex market.  I'm also bringing people into an organization I'm working with that is marketing v999 and g999 bitcoins.   You can go to http://www.ourmoneyisgold.info if you wanna know more about it.  But if you're not into bitcoin,  you're missing out
Another one of your million dollar ventures.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on October 25, 2020, 08:27:33 AM
Quote from: Mayday on October 25, 2020, 03:04:07 AM
First the Buzz Aldrin clip you posted and now this doozy, today is just not your day lol.

The Fed digital dollar is no different to the US dollars you have in your bank account today. What they are trying to do is come up with a process where they can create currency immediately and deposit directly into people's bank accounts vs today whrre they purchase bonds to inject the currency.

The 'digital dollar' is not a crypto nor does it compete with cryptos. It is exactly the same as you have in your bank account today.

I posted the Aldrin clip because Marty C. referenced the video without posting it. 

It's "my day" everyday of the week   :-*  8)

By 2022 Fedcoin will be here, just like I said many times.  Cashless society is TPTB's goal. 

I routinely dump a few $1000FV bags of silver all over my bed and roll in it... Scrooge Mc Duck style.  The feeling is indescribable!   ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on October 25, 2020, 08:30:43 AM
Quote from: obsidian on October 25, 2020, 12:43:58 AM
You could have made more profits with Ethereum. It's up over 300% this year.

Regarding gold and silver:

https://www.huffpost.com/entry/when-owning-gold-was-ille_b_10708196?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuYmluZy5jb20v&guce_referrer_sig=AQAAAEYpSg0u2Pd0SpsuDUxSVgFcIg7U4cBNL6OVKLg7eKQhch0Uk9gl9lv5RqbUSJKV-ksndxTWonB8az7rsYFN_v07WlJ2pjNwoBbjFLu1JlTLK9l0t-txcYRenjxkLScRpJ_5XxNe-r3XuSRJ9UEanyZro9mUDKUkfH2RQsvxnEcj

FDR Outlaws Gold

One of FDR’s first acts as president, therefore, was to declare the fact that Americans were withdrawing their gold and currency from the beleaguered banking system “a national emergency.” He ordered all banks to close from March 6-9 “in order to prevent the export, hoarding, or earmarking of gold or silver coin or bullion or currency.” 

Because he believed this action was not sufficient to prevent runs on banks and the resulting drain of gold from the system, on April 5, 1933, one month after taking office, Roosevelt used the powers granted to the president by the Trading with the Enemy Act of 1917 to make gold ownership illegal. He issued Executive Order 6102, which made gold ownership—both in coins and in bars—illegal for all Americans and punishable by up to ten years in prison. Anyone caught with gold would also have to pay a fine of twice the amount of gold that was not turned over to the Federal Reserve in exchange for paper money.

Huffpost? - only brain dead libtards read that propaganda BS - lol

When Fedcoin becomes legal tender, blips and crypts will be gone so fast your head will spin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 25, 2020, 02:20:59 PM
Quote from: Mr Anabolic on October 25, 2020, 08:27:33 AM
By 2022 Fedcoin will be here, just like I said many times.  Cashless society is TPTB's goal. 

We are almost cashless now and consumers drove it there, not the govt. It just happens to be inline with what the govt wanted.


So in 2022 what happens?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on October 25, 2020, 05:15:52 PM
Quote from: Mayday on October 25, 2020, 02:20:59 PM
We are almost cashless now and consumers drove it there, not the govt. It just happens to be inline with what the govt wanted.

So in 2022 what happens?

In 2022 your girl will be selling her ass on the street corner for silver coins.  Make sure she charges a 20% VAT for that service.

lol

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 25, 2020, 07:12:21 PM
Quote from: Mr Anabolic on October 25, 2020, 05:15:52 PM
In 2022 your girl will be selling her ass on the street corner for silver coins.  Make sure she charges a 20% VAT for that service.

lol

So you don't know how any of it is going to work.....  and by using your super human power of not knowing how any of it works, you predict it will crash everything in 15 months time.....

Bro.........
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 25, 2020, 09:45:28 PM
Quote from: Mr Anabolic on October 25, 2020, 08:30:43 AM

When Fedcoin becomes legal tender, blips and crypts will be gone so fast your head will spin.

Wrong. If anything, a Fed coin will both legitimize and increase interest in Bitcoin.

Any money the Fed produces will not be limited in supply. This is the key power that Governments and Central Banks always wish to retain. And this is also why over time, any such currencies will decline in value in nominal terms (due to increased printing/creation of money). Further a Fed coin will likely track an individual's identification on the blockchain ledger, and may also have restrictions on how it is spent. (Not just for illegal spending, but also for example to ensure that a person on a Government benefit can only use it for certain types of foods (not alcohol) or services (such as approved medical). Such restrictions are arguably not a bad thing, indeed they may even be desirable in terms of social control, but they limit the desirability of such money as a unit of exchange. Money in this form may also fail to be accepted in some countries outside of the US (although it is also possible it will be permitted to be used/adopted by some countries). But either way, anyone can see that the use of any Government-created crypto, (as opposed to a decentralized crypto that no single nation owns or controls such as Bitcoin), will be highly politicized and cloaked with suspicion.

As I told you long ago (and we are now seeing it) the early movers (who are increasingly in control of the economy and the world, tech, fintech, hedge funds, private wealth bankers, as well as increasingly gen x's, y's and especially z's who understand or who grew up in a digitized world), are slowly but surely increasing their exposure and confidence in Bitcoin. You will see a lot more over the coming months and years ahead. Thereafter you will see larger pension , mutual, and endowment funds buy in (they will actually start to have no real choice but to do so). And after that, you will certain Governments will start acquiring stakes, just as they have with gold. You have already seen this happening with Square, PayPal. Morgan Stanley, among others buying up chunks (both publicly announced, and of course covertly via company executives personal allocations). They are doing this in advance of the cusp of global rolling out much broader platforms for trading and usage of BTC among their customer base.

As I have said before, everyone who is currently able (and that includes most Americans, who don't realize how fortunate they actually are in their current place in the world in terms of wealth), should have some exposure to Bitcoin. There are many reasons for this, as explained in earlier posts.

PS - Never for get. First .1 cent, then 1 cent, then 10 cents, then $1, then $10, then $100, then $1000, then $10,000... You get the idea.

With love, blip. :) xxx
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on October 26, 2020, 12:11:27 AM
Quote from: gib on October 25, 2020, 09:45:28 PM
Wrong. If anything, a Fed coin will both legitimize and increase interest in Bitcoin.

Any money the Fed produces will not be limited in supply. This is the key power that Governments and Central Banks always wish to retain. And this is also why over time, any such currencies will decline in value in nominal terms (due to increased printing/creation of money). Further a Fed coin will likely track an individual's identification on the blockchain ledger, and may also have restrictions on how it is spent. (Not just for illegal spending, but also for example to ensure that a person on a Government benefit can only use it for certain types of foods (not alcohol) or services (such as approved medical). Such restrictions are arguably not a bad thing, indeed they may even be desirable in terms of social control, but they limit the desirability of such money as a unit of exchange. Money in this form may also fail to be accepted in some countries outside of the US (although it is also possible it will be permitted to be used/adopted by some countries). But either way, anyone can see that the use of any Government-created crypto, (as opposed to a decentralized crypto that no single nation owns or controls such as Bitcoin), will be highly politicized and cloaked with suspicion.

As I told you long ago (and we are now seeing it) the early movers (who are increasingly in control of the economy and the world, tech, fintech, hedge funds, private wealth bankers, as well as increasingly gen x's, y's and especially z's who understand or who grew up in a digitized world), are slowly but surely increasing their exposure and confidence in Bitcoin. You will see a lot more over the coming months and years ahead. Thereafter you will see larger pension , mutual, and endowment funds buy in (they will actually start to have no real choice but to do so). And after that, you will certain Governments will start acquiring stakes, just as they have with gold. You have already seen this happening with Square, PayPal. Morgan Stanley, among others buying up chunks (both publicly announced, and of course covertly via company executives personal allocations). They are doing this in advance of the cusp of global rolling out much broader platforms for trading and usage of BTC among their customer base.

As I have said before, everyone who is currently able (and that includes most Americans, who don't realize how fortunate they actually are in their current place in the world in terms of wealth), should have some exposure to Bitcoin. There are many reasons for this, as explained in earlier posts.

PS - Never for get. First .1 cent, then 1 cent, then 10 cents, then $1, then $10, then $100, then $1000, then $10,000... You get the idea.

With love, blip. :) xxx
Sorry can't get excited about the Paypal corprotist shit sandwich getting served up for the masses. You can't deposit your own btc, you can't withdraw your own btc, when you 'spend' btc from paypal the merchant doesn't receive btc ....

It doesn't sound like btc ... it's just some joke token they are using in their internal spreadsheet for peeps who think they are in the btc market but are actually getting played by paypal. The deception and surreptitious datarape by silicon valley continues, can't cheer this one on
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on October 26, 2020, 01:57:03 AM
(https://techcrunch.com/wp-content/uploads/2019/06/Libra-Association-Founding-Partners.png)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on October 26, 2020, 02:55:08 AM
Bitcoin Skeptic Turns Bitcoin Bull: Billion Dollar Company Buys 17K BTC in 74 Hours



Microstrategy recently made history in the bitcoin space when it became the first publicly-traded company to spend a material amount of its reserves to buy bitcoin.

The company has purchased a total of 38,250 BTC at an aggregate price of $425 million. The first purchase was announced on Aug. 11 for 21,454 bitcoins at an aggregate price of $250 million. The company then disclosed on Sept. 14 that it had purchased an additional 16,796 bitcoins at an aggregate price of $175 million.

Microstrategy CEO Michael Saylor explained on Friday:

To acquire 16,796 BTC (disclosed 9/14/20), we traded continuously 74 hours, executing 88,617 trades ~0.19 BTC each 3 seconds. ~$39,414 in BTC per minute, but at all times we were ready to purchase $30-50 million in a few seconds if we got lucky with a 1-2% downward spike.

Saylor was previously a bitcoin skeptic, however. He tweeted on Dec. 18, 2013: “Bitcoin days are numbered. It seems like just a matter of time before it suffers the same fate as online gambling.”

During a podcast interview with Morgan Creek Digital partner Anthony Pompliano, published Wednesday, Saylor admitted that he had forgotten about the tweet. “I really am ashamed to say I didn’t know I tweeted it until the day that I tweeted that I bought $250 million worth of bitcoin and then I discovered the hive mind crypto twitter consciousness where all of a sudden they all went through all my tweets and they found it,” he described. “They reminded me of it. They compared it and I’m like oh my god I literally forgot I ever said that.” Nonetheless, Saylor added, “I didn’t get all worked up about it. I’m like you’re right I was wrong, what an idiot I was, I wish I could go back and do it again.”

https://news.bitcoin.com/bitcoin-bull-microstrategy/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on October 26, 2020, 03:03:10 AM

Square's Major Bitcoin Buy: Puts 1% of Total Assets Worth $50 Million in BTC

(https://news.bitcoin.com/wp-content/uploads/2019/09/square-bitcoin-1068x601.png)

Square Inc. has put 1% of its total assets in bitcoin worth about $50 million. The company believes that “cryptocurrency is an instrument of economic empowerment and provides a way for the world to participate in a global monetary system.”

Square’s Major Bitcoin Buy
Square Inc. announced Thursday that it has bought approximately 4,709 bitcoins at an aggregate purchase price of $50 million. The NYSE-listed company (NYSE: SQ) with a market cap of $81 billion provides software and hardware payments products and small business services. The San Francisco-based company has offices in the U.S., Canada, Japan, Australia, Ireland, Spain, and the U.K.

“Square believes that cryptocurrency is an instrument of economic empowerment and provides a way for the world to participate in a global monetary system, which aligns with the company’s purpose,” Thursday’s announcement reads. This bitcoin investment represents about 1% of the company’s total assets at the end of Q2 2020.

Amrita Ahuja, Square’s Chief Financial Officer, commented:

We believe that bitcoin has the potential to be a more ubiquitous currency in the future … As it grows in adoption, we intend to learn and participate in a disciplined way. For a company that is building products based on a more inclusive future, this investment is a step on that journey.

The company’s mobile payment service, Cash App, launched bitcoin trading in 2018 allowing users to buy and sell BTC. In Q2 2020, the company announced that Cash App’s bitcoin revenue surged 600% and profits were 711%. In 2019, the company formed an independent team, Square Crypto, to focus on contributing to bitcoin open-source work. It also recently launched a non-profit organization, Cryptocurrency Open Patent Alliance (COPA), to encourage crypto innovation and open access to patented crypto inventions.


Square’s bitcoin purchase followed a similar action by another billion-dollar company. The Nasdaq-listed Microstrategy recently made bitcoin its primary treasury reserve asset and invested a total of $425 million in the cryptocurrency. Crypto Twitter is upbeat about Square buying bitcoin, expecting more large companies to follow suit.



https://news.bitcoin.com/square-bitcoin-50-million/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 26, 2020, 03:35:51 AM
Quote from: Theoak* on October 26, 2020, 12:11:27 AM
Sorry can't get excited about the Paypal corprotist shit sandwich getting served up for the masses. You can't deposit your own btc, you can't withdraw your own btc, when you 'spend' btc from paypal the merchant doesn't receive btc ....

It doesn't sound like btc ... it's just some joke token they are using in their internal spreadsheet for peeps who think they are in the btc market but are actually getting played by paypal. The deception and surreptitious datarape by silicon valley continues, can't cheer this one on

Theoak - you don't to apologize for holding a view on a particular topic. Any view is fine, as it contributes to a good discussion. I know where you are coming from.

What Paypal is doing is just a first step in a long plan that could play out in many ways that are positive for BTC. In the short term, clearly, exposing millions of individual Paypal payment users and companies to BTC increases BTC awareness and legitimizes it as a global digital store of value. If people start pricing goods and services in BTC, as opposed to a multitude of global currencies, its a huge mindset shift towards BTC in itself.

Second, as you know, BTC is treated by most people as a store of value (like gold back in the analogue days, only now digital). Back when the US printed money, based on an underlying gold base, most people didn't go around actually buying things in physical gold. Rather they used paper issued against that base as the trading instrument. PayPal's first steps are similar and make trading on an underlying BTC base safe and secure, in a closed-loop trading environment, backed by BTC (to the extent that you trust PayPal as a company). Now remember, there is nothing at anytime, to prevent buyers and sellers once they have met, from deciding to buy/sell offline directly using BTC. Clearly this well happen in some cases (also supportive of BTC). Over time, I expect PayPal and others will build a type of "lightening network" that allows for super-fast and super low margin transaction network built on top of BTC.

Longer-term, PayPal will likely also have a BTC exchange arm (or may simply tie up with an existing exchange via a collaborative deal, given their huge and global customer-base). They are doing the roll out slowly, and phase 1 is simply accustoming all their customers to BTC as an underlying payment option, building the BTC ecosystem. There is a huge amount of money to be made in operating an exchange, and PayPal has the resources to get there in terms of legal compliance, KYC, licensing and technical platform etc let alone being perfectly placed in terms of customer-base.

Finally, and respectfully, whether you personally get excited about the PayPal move into BTC, is largely irrelevant insofar as the adoption of BTC or its future value. What is relevant on this, is how the masses are influenced. And on that, I guarantee you the answer is that it will be positive for BTC. Lets watch the PayPal strategy play out over time. PayPal is just one of the first of many institutional players moving in - we will see more over time. Some will do it more quietly, and others more boldly, but it will happen...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on October 26, 2020, 04:54:41 AM
Quote from: Mayday on October 25, 2020, 07:12:21 PM
So you don't know how any of it is going to work.....  and by using your super human power of not knowing how any of it works, you predict it will crash everything in 15 months time.....

Bro.........

Yes,  I'm Dr. Manhattan!

Bro!........................ ........
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on October 26, 2020, 04:56:20 AM
Quote from: gib on October 25, 2020, 09:45:28 PM
Wrong. If anything, a Fed coin will both legitimize and increase interest in Bitcoin.

Any money the Fed produces will not be limited in supply. This is the key power that Governments and Central Banks always wish to retain. And this is also why over time, any such currencies will decline in value in nominal terms (due to increased printing/creation of money). Further a Fed coin will likely track an individual's identification on the blockchain ledger, and may also have restrictions on how it is spent. (Not just for illegal spending, but also for example to ensure that a person on a Government benefit can only use it for certain types of foods (not alcohol) or services (such as approved medical). Such restrictions are arguably not a bad thing, indeed they may even be desirable in terms of social control, but they limit the desirability of such money as a unit of exchange. Money in this form may also fail to be accepted in some countries outside of the US (although it is also possible it will be permitted to be used/adopted by some countries). But either way, anyone can see that the use of any Government-created crypto, (as opposed to a decentralized crypto that no single nation owns or controls such as Bitcoin), will be highly politicized and cloaked with suspicion.

As I told you long ago (and we are now seeing it) the early movers (who are increasingly in control of the economy and the world, tech, fintech, hedge funds, private wealth bankers, as well as increasingly gen x's, y's and especially z's who understand or who grew up in a digitized world), are slowly but surely increasing their exposure and confidence in Bitcoin. You will see a lot more over the coming months and years ahead. Thereafter you will see larger pension , mutual, and endowment funds buy in (they will actually start to have no real choice but to do so). And after that, you will certain Governments will start acquiring stakes, just as they have with gold. You have already seen this happening with Square, PayPal. Morgan Stanley, among others buying up chunks (both publicly announced, and of course covertly via company executives personal allocations). They are doing this in advance of the cusp of global rolling out much broader platforms for trading and usage of BTC among their customer base.

As I have said before, everyone who is currently able (and that includes most Americans, who don't realize how fortunate they actually are in their current place in the world in terms of wealth), should have some exposure to Bitcoin. There are many reasons for this, as explained in earlier posts.

PS - Never for get. First .1 cent, then 1 cent, then 10 cents, then $1, then $10, then $100, then $1000, then $10,000... You get the idea.

With love, blip. :) xxx

Right on cue. 

I thought you caught da covid and died.

You'll go back into hiding after it dumps again.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on October 26, 2020, 04:57:37 AM
Quote from: gib on October 26, 2020, 03:35:51 AM
Theoak - you don't to apologize for holding a view on a particular topic. Any view is fine, as it contributes to a good discussion. I know where you are coming from.

What Paypal is doing is just a first step in a long plan that could play out in many ways that are positive for BTC. In the short term, clearly, exposing millions of individual Paypal payment users and companies to BTC increases BTC awareness and legitimizes it as a global digital store of value. If people start pricing goods and services in BTC, as opposed to a multitude of global currencies, its a huge mindset shift towards BTC in itself.

Second, as you know, BTC is treated by most people as a store of value (like gold back in the analogue days, only now digital). Back when the US printed money, based on an underlying gold base, most people didn't go around actually buying things in physical gold. Rather they used paper issued against that base as the trading instrument. PayPal's first steps are similar and make trading on an underlying BTC base safe and secure, in a closed-loop trading environment, backed by BTC (to the extent that you trust PayPal as a company). Now remember, there is nothing at anytime, to prevent buyers and sellers once they have met, from deciding to buy/sell offline directly using BTC. Clearly this well happen in some cases (also supportive of BTC). Over time, I expect PayPal and others will build a type of "lightening network" that allows for super-fast and super low margin transaction network built on top of BTC.

Longer-term, PayPal will likely also have a BTC exchange arm (or may simply tie up with an existing exchange via a collaborative deal, given their huge and global customer-base). They are doing the roll out slowly, and phase 1 is simply accustoming all their customers to BTC as an underlying payment option, building the BTC ecosystem. There is a huge amount of money to be made in operating an exchange, and PayPal has the resources to get there in terms of legal compliance, KYC, licensing and technical platform etc let alone being perfectly placed in terms of customer-base.

Finally, and respectfully, whether you personally get excited about the PayPal move into BTC, is largely irrelevant insofar as the adoption of BTC or its future value. What is relevant on this, is how the masses are influenced. And on that, I guarantee you the answer is that it will be positive for BTC. Lets watch the PayPal strategy play out over time. PayPal is just one of the first of many institutional players moving in - we will see more over time. Some will do it more quietly, and others more boldly, but it will happen...

You've been spewing the same nonsense here for the last 3 years.  If you truly believed all your bullshit you wouldn't have sold it all like did 50 odd pages ago. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 26, 2020, 05:01:12 AM
Quote from: Mr Anabolic on October 26, 2020, 04:57:37 AM
You've been spewing the same nonsense here for the last 3 years

And I have been right every step of the way...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on October 26, 2020, 05:02:58 AM
Quote from: gib on October 26, 2020, 05:01:12 AM
And I have been right every step of the way...

LOL! 

How could you forget saying...

Blips to $100,000... then $250,000... then $1,000,000!


You're a lying sociopath. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 26, 2020, 05:42:36 AM
Quote from: Mr Anabolic on October 26, 2020, 05:02:58 AM
LOL! 

How could you forget saying...

Blips to $100,000... then $250,000... then $1,000,000![/b]


Lying sociopath.

Huh? The fact that BTC has not hit 100K or 250K or 1m makes me a both liar and also a sociopath?

I suggest you go back and read all of my earlier posts, but let me clarify for you again. It is certainly possible these levels will be reached over time. However, what I suggest you really focus on are actually the underlying concepts of Bitcoin, (which you so far have stubbornly refused to accept). You are not that stupid to not understand, and I suspect you secretly understand a reasonable amount, but I suspect you are also somewhat limited by technical knowledge and perhaps your age).

You also know that you have been wrong time and time and time again, in term of your calls that "now is the peak of Bitcoin". Need I bring out my collection of your prior failed "this is the peak now" predictions over the years? Indeed, you stopped even making further predictions about Bitcoin price (knowing that you have self-owned yourself many times by making such calls, which turned out to be incorrect). I challenge you again, since you are so fixated by price - what is the maximum price that you believe BTC will reach before it declines into nothing as you keen predicting?

Waiting for the excuse for him to refuse to make such a call... lol! Meanwhile BTC is nearly 300% higher then when this thread started...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 26, 2020, 05:44:16 AM
For anyone who really had the inclination, take a read of this...

https://drive.google.com/file/d/1nWQVpbyeVqwB1qHHVXs1G19b9_iUvrX9/view?_hsenc=p2ANqtz-81ogkNyCTWHExJKMqSXnMQPKpieTfyFLDBZGnjshkQGwvToMu1qLkoInGnBv2uvsmYo7H5wdc-fp_046jhwLYXICKOCQ&_hsmi=86574321
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on October 26, 2020, 05:44:44 AM
Quote from: gib on October 26, 2020, 05:42:36 AM
Huh? The fact that BTC has not hit 100K or 250K or 1m makes me a both liar and also a sociopath?

I suggest you go back and read all of my earlier posts, but let me clarify for you again. It is certainly possible these levels will be reached over time. However, what I suggest you really focus on are actually the underlying concepts of Bitcoin, (which you so far have stubbornly refused to accept). You are not that stupid to not understand, and I suspect you secretly understand a reasonable amount, but I suspect you are also somewhat limited by technical knowledge and perhaps your age).

You also know that you have been wrong time and time and time again, in term of your calls that "now is the peak of Bitcoin". Need I bring out my collection of your prior failed "this is the peak now" predictions over the years? Indeed, you stopped even making further predictions about Bitcoin price (knowing that you have self-owned yourself many times by making such calls, which turned out to be incorrect). I challenge you again, since you are so fixated by price - what is the maximum price that you believe BTC will reach before it declines into nothing as you keen predicting?

Waiting for the excuse for him to refuse to make such a call... lol! Meanwhile BTC is nearly 300% higher then when this thread started...

If you really believed your bullshit you wouldn't have sold it all many pages ago.

Blips and all crypts are trading and speculation vehicles... nothing more.

Again, banks hoard gold and silver not blipcoins.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 26, 2020, 05:49:23 AM
Speaking of BTC hitting 1m, some articles of interest...

https://www.forbes.com/sites/investor/2020/06/16/bitcoin-to-1000000-might-sound-crazy-but-is-it/#4b4154bf1c59

https://www.ccn.com/bitcoin-price-could-crack-10-million-become-new-gold-standard-asset-management-firm/

https://www.crypto-guy-calls-bitcoin-biggest-trade-of-our-lifetimes/

https://markets.businessinsider.com/currencies/news/bitcoin-hit-million-five-years-ex-goldman-hedge-fund-boss-2020-10-1029682590

https://finance.yahoo.com/news/bitcoin-reach-1m-overtake-gold-111023948.html

https://www.btctimes.com/news/bitcoin-will-hit-1m-says-raoul-pal

Etc.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 26, 2020, 05:54:55 AM
Quote from: Mr Anabolic on October 26, 2020, 05:44:44 AM
If you really believed your bullshit you wouldn't have sold it.

Blips are trading and speculation vehicle... nothing more.

I sold in early 2019 because I thought a short term extreme peak had been reached. (It was a little after the huge 2018 peak on the way down, making around 5x on my initial investment). I rebought again on the way back up. This time with the intent to hold long term. Having said that, if there was an extreme upward movement again (for example if it rallied up to 100K over the course of the next 6 months), I would likely again take some gains, not because I don't believe BTC won't keep rising long term, but rather because the rate of the accent has been excessive. But again, regardless of price, BTC has all the many benefits and qualities and hedges that I have explained in my earlier posts. For this reason it is important that everyone hold some. And that includes stubborn old men like yourself Mr A. And you know it! You may be stubborn and not man enough to admit you are wrong, but you are not that stupid. Especially when it comes to protection of wealth against "the system" and preparing for worst case scenarios. All of which makes me think you likely secretly already hold some, but refuse to admit it, possibly becoming an kind of unintentional troll in a bid to save face.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on October 26, 2020, 05:54:58 AM
Quote from: gib on October 26, 2020, 05:49:23 AM
Speaking of BTC hitting 1m, some articles of interest...

https://www.forbes.com/sites/investor/2020/06/16/bitcoin-to-1000000-might-sound-crazy-but-is-it/#4b4154bf1c59

https://www.ccn.com/bitcoin-price-could-crack-10-million-become-new-gold-standard-asset-management-firm/

https://www.crypto-guy-calls-bitcoin-biggest-trade-of-our-lifetimes/

https://markets.businessinsider.com/currencies/news/bitcoin-hit-million-five-years-ex-goldman-hedge-fund-boss-2020-10-1029682590

https://finance.yahoo.com/news/bitcoin-reach-1m-overtake-gold-111023948.html

https://www.btctimes.com/news/bitcoin-will-hit-1m-says-raoul-pal

Etc.

"But it must be true because I read it on the internets!"

All pumpers were all saying the same crap when blips were at $19K... that worked out well.

You can link 1000's of these pump pieces here... means absolutely nothing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on October 26, 2020, 06:01:21 AM
Quote from: gib on October 26, 2020, 03:35:51 AM
Theoak - you don't to apologize for holding a view on a particular topic. Any view is fine, as it contributes to a good discussion. I know where you are coming from.

What Paypal is doing is just a first step in a long plan that could play out in many ways that are positive for BTC. In the short term, clearly, exposing millions of individual Paypal payment users and companies to BTC increases BTC awareness and legitimizes it as a global digital store of value. If people start pricing goods and services in BTC, as opposed to a multitude of global currencies, its a huge mindset shift towards BTC in itself.

Second, as you know, BTC is treated by most people as a store of value (like gold back in the analogue days, only now digital). Back when the US printed money, based on an underlying gold base, most people didn't go around actually buying things in physical gold. Rather they used paper issued against that base as the trading instrument. PayPal's first steps are similar and make trading on an underlying BTC base safe and secure, in a closed-loop trading environment, backed by BTC (to the extent that you trust PayPal as a company). Now remember, there is nothing at anytime, to prevent buyers and sellers once they have met, from deciding to buy/sell offline directly using BTC. Clearly this well happen in some cases (also supportive of BTC). Over time, I expect PayPal and others will build a type of "lightening network" that allows for super-fast and super low margin transaction network built on top of BTC.

Longer-term, PayPal will likely also have a BTC exchange arm (or may simply tie up with an existing exchange via a collaborative deal, given their huge and global customer-base). They are doing the roll out slowly, and phase 1 is simply accustoming all their customers to BTC as an underlying payment option, building the BTC ecosystem. There is a huge amount of money to be made in operating an exchange, and PayPal has the resources to get there in terms of legal compliance, KYC, licensing and technical platform etc let alone being perfectly placed in terms of customer-base.

Finally, and respectfully, whether you personally get excited about the PayPal move into BTC, is largely irrelevant insofar as the adoption of BTC or its future value. What is relevant on this, is how the masses are influenced. And on that, I guarantee you the answer is that it will be positive for BTC. Lets watch the PayPal strategy play out over time. PayPal is just one of the first of many institutional players moving in - we will see more over time. Some will do it more quietly, and others more boldly, but it will happen...

.. paypal is just a lot of hype, bitcoin was primed to go up anyway, the fact it didn't crash on the Bitmex fed-controlled demolition was the big clue that it is just time.

... let's run some real numbers for the mini-minds fogged with snake-bite poison ...

Paypal usersbase 300 million? say 10-20% of those at best are grammas just itching in their panties to get hands on some paypal trading tokens, so at best maybe 60million dufus who will get sucked into this scam ... on average they'll maybe throw $1-200 at it, best case 60mill sheeple get $200 (totally hopium numbers) ... that's about $12 billion coming into bitcoin ... meh, w/e

Federal Reserve printing ~$10-15 trillion to stop rich folks feeling poorer from the plague

 ... poor sheeple got no money, that's why they call them poor.

... bitcoin adoption is about MONEY adopting bitcoin, not poor people ... sorry if that upsets your socialistic sensibilities but that's the reality on the ground, I wish poor people would wise up and buy bitcoins for real, they always choose the corporate-guvvy shackles though

Paypal CEO was talking about luvving bitcoin in 2013 ffs!, 7 years later they come up with this shit sandwich e-tokens card-collecting game (how is it not a fraud anyway?), I mean it's a total joke and you're  huffing hopium if you think this means anything in the big scheme of things.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 26, 2020, 06:05:04 AM
I agree with this. " I wish poor people would wise up and buy bitcoins for real".

Some, but not all poor people, are stupid. But I agree with you, its those with money, as always, that move in to protect their wealth from the masses, and indeed accumulate from the masses. The rich and powerful realize BTC is a means of protecting and preserving existing wealth from being stolen by Government money printing. And indeed a way of generating money on a long term societal trend. Many poor have no foresight. They are short-sighted, short-term focused, and live day to day as opposed to planning for the future (which is indeed one of the reasons they became, or remain poor). Still, everyone has a chance. Even a person working in a gas station or a McDonalds etc could put a little aside into BTC over time. Even a street vendor or factory worker in India of Africa. In the years to come, people may well look back, and either be very very pleased with their decision to buy a little over time (or deeply regret not doing it). Certainly no educated person at this time has any excuse for missing out.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 26, 2020, 06:34:50 PM
Quote from: gib on October 26, 2020, 05:42:36 AM
Huh? The fact that BTC has not hit 100K or 250K or 1m makes me a both liar and also a sociopath?

He isn't thinking straight anymore. He runs when it gets time to explain the why and how.

He is so far down the 'total world chaos' mindset that he is focusing on the belief that thousands of people organising to all come to his house so he needs 70,000 rounds to mow everybody down. It's odd.


You and i disagreed on BTC becomming a global world currency. Your comments re Paypal make sense but it sounds like Paypal want to almost own BTC by locking people down once they are in their system.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on October 26, 2020, 06:50:54 PM
Quote from: Mayday on October 26, 2020, 06:34:50 PM
He isn't thinking straight anymore. He runs when it gets time to explain the why and how.

He is so far down the 'total world chaos' mindset that he is focusing on the belief that thousands of people organising to all come to his house so he needs 70,000 rounds to mow everybody down. It's odd.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on October 27, 2020, 10:24:03 AM
Quote from: gib on October 26, 2020, 05:54:55 AM
I sold in early 2019 because I thought a short term extreme peak had been reached. (It was a little after the huge 2018 peak on the way down, making around 5x on my initial investment). I rebought again on the way back up. This time with the intent to hold long term. Having said that, if there was an extreme upward movement again (for example if it rallied up to 100K over the course of the next 6 months), I would likely again take some gains, not because I don't believe BTC won't keep rising long term, but rather because the rate of the accent has been excessive. But again, regardless of price, BTC has all the many benefits and qualities and hedges that I have explained in my earlier posts. For this reason it is important that everyone hold some. And that includes stubborn old men like yourself Mr A. And you know it! You may be stubborn and not man enough to admit you are wrong, but you are not that stupid. Especially when it comes to protection of wealth against "the system" and preparing for worst case scenarios. All of which makes me think you likely secretly already hold some, but refuse to admit it, possibly becoming an kind of unintentional troll in a bid to save face.

You were still recommending it's a good idea to buy just before that 'extreme peak' and that it was only going to go higher, not only in the long-term but carrying on over 19 k at that time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on October 27, 2020, 03:16:11 PM
Quote from: Griffith on October 27, 2020, 10:24:03 AM
You were still recommending it's a good idea to buy just before that 'extreme peak' and that it was only going to go higher, not only in the long-term but carrying on over 19 k at that time.

He'll disappear when this current pump dumps.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Howard on October 27, 2020, 03:58:17 PM
Quote from: robcguns on September 01, 2017, 10:35:25 AM
Why are they worth so much,I was offered 30 beginning of January for 15k and passed.Feel pretty stupid right now.

I'm clueless on bitcoin and was curious how anyone can cash them in?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 27, 2020, 08:12:51 PM
Quote from: Howard on October 27, 2020, 03:58:17 PM
I'm clueless on bitcoin and was curious how anyone can cash them in?

By "Cash them in", do you mean sell in return for cash? If so, the answer is simple. You transfer any portion of the bitcoin you have and wish to sell, to someone who wishes to buy that amount. In exchange, they give you a mutually agreed amount in cash (and whatever currency you agree upon) in return. Just like how you would sell gold, or how you would convert any other type of currency or asset into cash.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Howard on October 28, 2020, 07:40:53 AM
Quote from: gib on October 27, 2020, 08:12:51 PM
By "Cash them in", do you mean sell in return for cash? If so, the answer is simple. You transfer any portion of the bitcoin you have and wish to sell, to someone who wishes to buy that amount. In exchange, they give you a mutually agreed amount in cash (and whatever currency you agree upon) in return. Just like how you would sell gold, or how you would convert any other type of currency or asset into cash.

Thanks for the reply, but I figured that already. I can walk into a local pawn shop and cash in gold or silver coins.
LOL, I can't walk onto a car lot and pay for it via direct transfer of bitcoin to the dealer.

I read from a variety of finance sources that banks won't accept bitcoin as a legit form of currency.
I don't know of anyone that used bitcoin to pay for a home mortgage.
Looks kinda shady to me.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on October 28, 2020, 08:04:15 AM
Quote from: Howard on October 28, 2020, 07:40:53 AM
Thanks for the reply, but I figured that already. I can walk into a local pawn shop and cash in gold or silver coins.
LOL, I can't walk onto a car lot and pay for it via direct transfer of bitcoin to the dealer.

I read from a variety of finance sources that banks won't accept bitcoin as a legit form of currency.
I don't know of anyone that used bitcoin to pay for a home mortgage.
Looks kinda shady to me.

Blips are a trading/gambling vehicle... nothing more.  It pumps, then it dumps.   

Go back and read this thread from the beginning and what our resident bliptard was claiming... pure nonsense.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Howard on October 28, 2020, 11:03:20 AM
Quote from: Mr Anabolic on October 28, 2020, 08:04:15 AM
Blips are a trading/gambling vehicle... nothing more.  It pumps, then it dumps.   

Go back and read this thread from the beginning and what our resident bliptard was claiming... pure nonsense.

Exactly!

"Owning" someone on getbig won't add real money to your bank account.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 28, 2020, 02:32:45 PM
Quote from: Howard on October 28, 2020, 07:40:53 AM
I read from a variety of finance sources that banks won't accept bitcoin as a legit form of currency.
I don't know of anyone that used bitcoin to pay for a home mortgage.
Looks kinda shady to me.

It is currency on the black market but it ends there pretty much.  I have paid for my gear in BTC for many years.

For 95% of other holders it is speculative.

There will be many pump and dumps due to it trying to expand it's market penetration.

Gib ate a lot of shit in his other thread. BTC did crash but he still made 5x his initial investment.

I bumped this thread back at the start of corona and said it will go on a run and i was in. I said it would outstrip stocks and gold due to it's volatility and newness in the market. Gold keeps banging it's banging it's head on the ceiling because there is no real inflation (despite many here disagreeing) and i have been right about gold. Stocks are kept afloat by QE and the market is nervous as QE has just blown up the financial metrics (i can expand on that if someone wants).

Crtypo meanwhile 80% gains....... 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on October 28, 2020, 03:59:41 PM
Quote from: Mayday on October 28, 2020, 02:32:45 PM
It is currency on the black market but it ends there pretty much.  I have paid for my gear in BTC for many years.

For 95% of other holders it is speculative.

There will be many pump and dumps due to it trying to expand it's market penetration.

Gib ate a lot of shit in his other thread. BTC did crash but he still made 5x his initial investment.

I bumped this thread back at the start of corona and said it will go on a run and i was in. I said it would outstrip stocks and gold due to it's volatility and newness in the market. Gold keeps banging it's banging it's head on the ceiling because there is no real inflation (despite many here disagreeing) and i have been right about gold. Stocks are kept afloat by QE and the market is nervous as QE has just blown up the financial metrics (i can expand on that if someone wants).

Crtypo meanwhile 80% gains.......
 

Blips have more in common with a casino game than anything else. 

They're 70-80% correlated to the overall stock market movement.

Yes, there is inflation.  Government inflation numbers conveniently leave out food and energy...  the things people need the most.  Food "shrink-flation" is a real thing.   

What world are you living in?  Take off your blindfold.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Howard on October 28, 2020, 04:38:01 PM
Quote from: Mr Anabolic on October 28, 2020, 03:59:41 PM
 

Blips have more in common with a casino game than anything else. 

They're 70-80% correlated to the overall stock market movement.

Yes, there is inflation.  Government inflation numbers conveniently leave out food and energy...  the things people need the most.  Food "shrink-flation" is a real thing.   

What world are you living in?  Take off your blindfold.
I spent 30 yrs putting  $$ in the bond market and blended funds  . I have a secure monthly retirement supplement now.
Trust me, I'm no investment expert and used a mainstream investment firm.
I don't understand how digging into esoteric financial theories , helps the avg person invest.

FYI, Bitcoin sounds more like playing Fantasy Football on Draft kings, then a legit investment tool. ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 28, 2020, 06:36:24 PM
Quote from: Mr Anabolic on October 28, 2020, 03:59:41 PM
 

They're 70-80% correlated to the overall stock market movement.

Yes, there is inflation.  Government inflation numbers conveniently leave out food and energy...  the things people need the most.  Food "shrink-flation" is a real thing.   


Lol wait what? BTC is positively correlated with the overall stock market? The same market, which over time has continuously moved UPWARDS OVER TIME, is positively correlated with an asset that you have continuously, wrongly, predicted would DECLINE AND BECOME WORTHLESS)? Maybe we are making some slight progress with you after all...

And yet a further irony is that you get, and indeed are extremely conscious of devaluation of currencies caused by inflation. Hence your strong preference for gold and silver (both of which have been massively out-performed as a store of value and hedge against inflation by bitcoin). This is a self owning by BTC against your own preferred assets:) Don't get angry at blips got doing that. It is what it is. They do what they do.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 28, 2020, 06:42:12 PM
Quote from: Howard on October 28, 2020, 04:38:01 PM
I spent 30 yrs putting  $$ in the bond market and blended funds  . I have a secure monthly retirement supplement now.
Trust me, I'm no investment expert and used a mainstream investment firm.
I don't understand how digging into esoteric financial theories , helps the avg person invest.

FYI, Bitcoin sounds more like playing Fantasy Football on Draft kings, then a legit investment tool. ;D

Howard, I am not sure of your age, but I can tell you for a whole generation under 40, putting faith in a yellow metal, or an "investment advisor firm", or even money in a bank controlled by 3rd parties, (as apposed to a digital and immutable ledger of mutually agreed value), sounds far more unusual (not to mention risky, impractical, outmoded, and inconvenient).

I will make a numbered summary of all the key points that I have explained in this thread at some point, which I will then post from time to time with a numeric guide to answering common questions or areas of confusion. Just no time right now to do this.

But again, if you care about your future, I urge you to put a little money now towards BTC and hold forever. Its your chance to capture and preserve a store of value, which may be hugely beneficial to you in the future if certain scenarios play out.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 29, 2020, 12:52:10 AM
Quote from: Mr Anabolic on October 28, 2020, 03:59:41 PM
 

Blips have more in common with a casino game than anything else. 

They're 70-80% correlated to the overall stock market movement.

Yes, there is inflation.  Government inflation numbers conveniently leave out food and energy...  the things people need the most.  Food "shrink-flation" is a real thing.   

What world are you living in?  Take off your blindfold.

CPI includes food and energy, the things people need the most. A whopping 1.7% year ending September for the US so fuck knows where your imaginary inflation is coming from for food and energy.

The CPI metric is correct and you are wrong.

Interest rates going down, gold has even stalled and you still argue inflation is rampant and everything is rigged because you are so wrong about it all lol. 

 I give you a 10/10 for going full retard though which is a pretty good rating.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 29, 2020, 02:30:23 AM
Quote from: Mayday on October 29, 2020, 12:52:10 AM
CPI includes food and energy, the things people need the most. A whopping 1.7% year ending September for the US so fuck knows where your imaginary inflation is coming from for food and energy.

The CPI metric is correct and you are wrong.

Interest rates going down, gold has even stalled and you still argue inflation is rampant and everything is rigged because you are so wrong about it all lol. 

 I give you a 10/10 for going full retard though which is a pretty good rating.

I wonder if you guys might be actually arguing about something you are actually both somewhat in agreement with. Here's my take:

Currently many things are becoming cheaper, both to increased efficiencies in production and manufacturing, logistics, energy etc, Food, electronic items, cars, transport, clothes, beverages, music, literary works, shoes, etc all are cheaper in real terms. Enhanced even more so by the short term deflationary effect of covid (which reduces demand more then supply and hence reduces price). AT THE SAME TIME, we are seeing increased creation of money, and likely much more than what is needed to offset deflation in the long term. That, combined with an ever flattening yield curve and longer term super low interest rates has had an inflationary effect on income producing asset prices, particularly real estate and stocks, (as the rate of risk free return investors are prepared to accept has increasingly fallen, meaning the that "P" of the PE of such assets rises when compared to the "E", especially when there is more money than ever chasing a yield. Other "stores of value," though not income producing, such as art, old, and Bitcoin are also positively impacted as there is now less of a need to show a return on such assets given the almost zero return on cash, particularly when the value of cash is being eroded every second over time due to money printing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on October 29, 2020, 03:30:01 AM
Quote from: Howard on October 28, 2020, 04:38:01 PM
I spent 30 yrs putting  $$ in the bond market and blended funds  . I have a secure monthly retirement supplement now.
Trust me, I'm no investment expert and used a mainstream investment firm.
I don't understand how digging into esoteric financial theories , helps the avg person invest.

FYI, Bitcoin sounds more like playing Fantasy Football on Draft kings, then a legit investment tool. ;D

Whenever you ask a cryptocel to explain the point of crypto, and why it's not gambling, the reply can normally be summed up with the following gif:

(https://i.kym-cdn.com/photos/images/original/000/939/737/184.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on October 29, 2020, 03:40:21 AM
Gambling, crypto currencies, stock market, commodities market and sports betting are all speculation.  It's all the same except for the time it takes to collect or lose the money invested.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on October 29, 2020, 06:02:20 AM
Avanti Financial Joins Kraken as a Wyoming-Approved Crypto Bank


Avanti Financial’s banking charter was approved unanimously by the Wyoming State Banking Board on Wednesday, becoming the second newly chartered bank in the state in 2020 after Kraken Financial earned approval last month.

Avanti, like Kraken, now has to jump through a few hoops – like raising more capital – before it can be granted a certificate of authority to operate.

“Kraken definitely captured attention, but now that there’s a second one chartered it’s no longer a one-off situation and a trend is in motion,” Long told CoinDesk in an email.

Along with the charter approval, the banking board approved Avanti’s future issuance of Avit, a programmable electronic currency that’s redeemable at par with a U.S. dollar. The Avit is not a security token, meaning it is not a digital representation of an investment that’s expected to generate returns.



https://www.coindesk.com/avanti-financial-joins-kraken-as-a-wyoming-approved-crypto-bank
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Vince G, CSN MFT on November 01, 2020, 09:50:36 AM
Quote from: Humble Narcissist on October 25, 2020, 08:13:38 AM
Another one of your million dollar ventures.



It sure as hell isn't mine.   You can sign up for Freebay at no cost and start doing business with bitcoin and cryptocurrency along with tools to trade them.   Whether someone signs up or not, no money comes out of my pocket other than the domain names that I paid a lousy 6 dollars for.   I'm only saying it since you guys are talking about it but not doing anything about it.   

I started this a long time ago and I profited hugely off it and it allowed me to escape Sylva and pay off my debts.   Now there is the NEW v999 and g999 coins you can get ahold of so again I'll provide you with my 6 dollar domain, www.ourmoneyisgold.info.   If you have no intention of trading and buying bitcoin and cryptocurrency like I do, you can at least promote the business and make some money
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 01, 2020, 03:35:23 PM
Quote from: gib on October 29, 2020, 02:30:23 AM
I wonder if you guys might be actually arguing about something you are actually both somewhat in agreement with.

If you ignored how the monetary system functions and flow on impacts and simply said 'inflation will cause consumer prices to rise' well then sure.......

However, doing that which is what Anabolic does, means you have NFI how to predict what lies ahead because you ignore the underlying mechanics.

This is why Anabolic, along with the majority of the population (he isn't alone) believes QE is the death.   However someone like myself with an understanding of how it works knows the switch to debt 40yrs ago was the death march and that QE will be the bailout.

You wind up with 2 extremely different predictions.
 Anabolic says the USD dies next year and the US will sink alone. He stopped predicting gold values when i pointed out gold hitting a ceiling and it'd bounce around for a while.

My predictikn was crypto would outstrip metals and stocks. More importantly i was able to outline the functional reasons why......And here we are with crypto up almost 100%. I say 2021 runs deficits in the realm of the 70s and 80s with 15%-25% increase in currency to keep the money supply afloat. Once afloat, we will see what their next step is.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on November 05, 2020, 05:40:15 PM
Quote from: Mayday on November 01, 2020, 03:35:23 PM
If you ignored how the monetary system functions and flow on impacts and simply said 'inflation will cause consumer prices to rise' well then sure.......

However, doing that which is what Anabolic does, means you have NFI how to predict what lies ahead because you ignore the underlying mechanics.

This is why Anabolic, along with the majority of the population (he isn't alone) believes QE is the death.   However someone like myself with an understanding of how it works knows the switch to debt 40yrs ago was the death march and that QE will be the bailout.

You wind up with 2 extremely different predictions.
 Anabolic says the USD dies next year and the US will sink alone. He stopped predicting gold values when i pointed out gold hitting a ceiling and it'd bounce around for a while.

My predictikn was crypto would outstrip metals and stocks. More importantly i was able to outline the functional reasons why......And here we are with crypto up almost 100%. I say 2021 runs deficits in the realm of the 70s and 80s with 15%-25% increase in currency to keep the money supply afloat. Once afloat, we will see what their next step is.


There's two types of inflation, the usual asset price and product price inflation due to monetary expansion, currency holders grumble but put up with the hidden tax. The far more devastating "loss of confidence in the currency" inflation -> hyperinflation, currency holders begin to exit, when holders of the currency begin exiting the remaining holders have to take the hit of all the accumulated inflation that was just dumped by the exiters

As unbelievable as it sounds the US$ is definitely starting to feel some of the effects of the latter. Microstrategy is putting reserves into BTC precisely for these stated reasons, and they are the in the vanguard.

Hyperbitcoinisation is now becoming a distinct possibility.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: jude2 on November 05, 2020, 06:19:03 PM
Quote from: Theoak* on November 05, 2020, 05:40:15 PM

There's two types of inflation, the usual asset price and product price inflation due to monetary expansion, currency holders grumble but put up with the hidden tax. The far more devastating "loss of confidence in the currency" inflation -> hyperinflation, currency holders begin to exit, when holders of the currency begin exiting the remaining holders have to take the hit of all the accumulated inflation that was just dumped by the exiters

As unbelievable as it sounds the US$ is definitely starting to feel some of the effects of the latter. Microstrategy is putting reserves into BTC precisely for these stated reasons, and they are the in the vanguard.

Hyperbitcoinisation is now becoming a distinct possibility.
Bitcon is in Vanguard funds?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 05, 2020, 07:29:14 PM
Quote from: jude2 on November 05, 2020, 06:19:03 PM
Bitcon is in Vanguard funds?

Yes.

Further, we might even start to see various listed companies (especially in Fintech) actually report earnings in BTC (as opposed to USD).

I have said it many times before - anyone how is currently privileged enough now (and that is most Americans and getbiggers) to be able to own some bitcoin should do so ASAP to ensure they preserve (or enhance) their status in a possible new world. There are numerous future scenarios (not implausible) where BTC  provides a huge hedge and upside if you own some.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on November 05, 2020, 08:21:18 PM
Quote from: gib on October 27, 2020, 08:12:51 PM
By "Cash them in", do you mean sell in return for cash? If so, the answer is simple. You transfer any portion of the bitcoin you have and wish to sell, to someone who wishes to buy that amount. In exchange, they give you a mutually agreed amount in cash (and whatever currency you agree upon) in return. Just like how you would sell gold, or how you would convert any other type of currency or asset into cash.


Hey Vince, how is uncle Tedros of WHO fame !.  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on November 05, 2020, 08:37:51 PM
Quote from: gib on October 27, 2020, 08:12:51 PM
By "Cash them in", do you mean sell in return for cash? If so, the answer is simple. You transfer any portion of the bitcoin you have and wish to sell, to someone who wishes to buy that amount. In exchange, they give you a mutually agreed amount in cash (and whatever currency you agree upon) in return. Just like how you would sell gold, or how you would convert any other type of currency or asset into cash.


Science Fiction to the max . You obviously never ever travel to other continents & exchange cash !.

Ah, Vince !.  ::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 05, 2020, 10:26:30 PM
Quote from: Theoak* on November 05, 2020, 05:40:15 PM

There's two types of inflation, the usual asset price and product price inflation due to monetary expansion, currency holders grumble but put up with the hidden tax. The far more devastating "loss of confidence in the currency" inflation -> hyperinflation, currency holders begin to exit, when holders of the currency begin exiting the remaining holders have to take the hit of all the accumulated inflation that was just dumped by the exiters

As unbelievable as it sounds the US$ is definitely starting to feel some of the effects of the latter. Microstrategy is putting reserves into BTC precisely for these stated reasons, and they are the in the vanguard.

Hyperbitcoinisation is now becoming a distinct possibility.

This article explains what I think both you are saying.

In summary USD is continuously being devalued. Anyone holding USD cash is essentially being stolen from by the Government (not just by taxes in income and capital gains), but more insidiously by the Government creating more money (which has the effect of devaluing the purchasing power of those who are paid in cash or who store wealth in cash). This results in nominal cost of goods and services rising (or quality of what is provided for the same price falling or shrinking over time).

The traditional (and still current) defense against this phenomenon is to buy stocks. Gold played a historical role as a store of value (and is still relevant in this role today, although becoming less so). As we move to a digitized, mobile and globalized world, BTC is continuing to grow as a collectively agreed on store of value, controlled by no person or Government, and immutable and pure (not to mention limited in supply) as it is based on the truth of a mathematical algorithm. And this is why it is so so important to own some.

https://www.zerohedge.com/markets/inflationism-has-overturned-society?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on November 06, 2020, 12:39:42 AM
Quote from: Mayday on October 28, 2020, 02:32:45 PM
It is currency on the black market but it ends there pretty much.  I have paid for my gear in BTC for many years.

For 95% of other holders it is speculative.

There will be many pump and dumps due to it trying to expand it's market penetration.

Gib ate a lot of shit in his other thread. BTC did crash but he still made 5x his initial investment.

I bumped this thread back at the start of corona and said it will go on a run and i was in. I said it would outstrip stocks and gold due to it's volatility and newness in the market. Gold keeps banging it's banging it's head on the ceiling because there is no real inflation (despite many here disagreeing) and i have been right about gold. Stocks are kept afloat by QE and the market is nervous as QE has just blown up the financial metrics (i can expand on that if someone wants).

Crtypo meanwhile 80% gains.......

Really? xrp went up 80%? thats crypto. It hasn't moved in over a year and is down big time from its high.
I'm sure there are other examples.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 06, 2020, 12:49:46 AM
Quote from: Bindare_Dundat on November 06, 2020, 12:39:42 AM
Really? xrp went up 80%? thats crypto. It hasn't moved in over a year and is down big time from its high.
I'm sure there are other examples.

I have never been an advocate of other cryptos (all of which are basically imitators). An infinite number of cryptos can be produced, so taken to its logical conclusion all cryptos would eventually fail through market saturation, unless we all collectively gravitate towards one. And that is exactly what is happening.

This is why it is important to BUY BITCOIN.

The dominance of BTC vs alts is rising, and this will keep happening as society collectively agrees on a global digital currency. Look at were the smart money is going. These are powerful people and organizations, who in turn have huge incentives and resources to ensure their investment of choice grows in value. And that in turn is collectively pooling into Bitcoin. We may see the occasional alt pop up due to some kind of hype, but in general both individuals and corporate investors are now much smarter this time around.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on November 06, 2020, 01:01:06 AM
I'm all for bitcoin. It isn't going anywhere. I just don't like the use of the word crypto in the way it was used.in the above example
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 06, 2020, 02:59:01 AM
Quote from: Bindare_Dundat on November 06, 2020, 01:01:06 AM
I'm all for bitcoin. It isn't going anywhere. I just don't like the use of the word crypto in the way it was used.in the above example

Yeah got it. Its a bit like saying "metals" when referring to gold. Yes, gold is a metal, but not all metals are gold...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 06, 2020, 03:30:30 AM
Quote from: Theoak* on November 05, 2020, 05:40:15 PM

There's two types of inflation, the usual asset price and product price inflation due to monetary expansion, currency holders grumble but put up with the hidden tax. The far more devastating "loss of confidence in the currency" inflation -> hyperinflation, currency holders begin to exit, when holders of the currency begin exiting the remaining holders have to take the hit of all the accumulated inflation that was just dumped by the exiters

As unbelievable as it sounds the US$ is definitely starting to feel some of the effects of the latter. Microstrategy is putting reserves into BTC precisely for these stated reasons, and they are the in the vanguard.

Hyperbitcoinisation is now becoming a distinct possibility.

Hyperinflation is 50% inflation per month. We are not anywhere remotely close to that this year let alone each month.

In March my prediction for 2020 was 25% annual currency expansion. As of the end of September we sit at 16%, the 4th highest in over 80yrs.

In 2 months, we will have experienced the largest increase in annual currency expansion in over 80yrs and we will be ballpark 25% by year end (i rack all money supply data against IRs, CPI, wage inflation and property medians).

The result? CPI is 1.7%, interest rates are at zero and retail banks are lowering their own rates, gold is banging it's head on the ceiling and we are on edge of property and businesses going backwards. 

So no, shit isn't flying up anywhere right now as a result from currency expansion. This is why so many predictions  have been wrong because they completely dismiss that we are deflating the debt market right now.

If a hamburger goes up 50 cents but your property loses 100k, are you really going to whinge that we are on the verge of hyperinflation because your burger is getting expensive?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 06, 2020, 04:10:43 AM
Quote from: Mayday on November 06, 2020, 03:30:30 AM


If a hamburger goes up 50 cents but your property loses 100k, are you really going to whinge that we are on the verge of hyperinflation because your burger is getting expensive?

Do you mean "but your property gains 100K"?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 10, 2020, 02:21:14 AM
Good clip here that discusses the macro-economics of inflation and future economic outlook. For those who are more academic minded well worth a listen.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 10, 2020, 03:06:40 AM
Quote from: gib on November 06, 2020, 04:10:43 AM
Do you mean "but your property gains 100K"?

No, as the context to why i was replying is people claiming we are on the verge of 50% inflation each month because something insignificant they bought was a little mkre expensive. Meanwhile disregarding that certain large property markets are in a world of hurt.

Ie when you take into account that the most exoensive thing you own has lost a chunk of value, you won't r3ally give a shit about a 50c price rise of your hamburger, nor would one claim 50% inflation each month.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 10, 2020, 04:08:44 AM
Quote from: Mayday on November 10, 2020, 03:06:40 AM
No, as the context to why i was replying is people claiming we are on the verge of 50% inflation each month because something insignificant they bought was a little mkre expensive. Meanwhile disregarding that certain large property markets are in a world of hurt.

Ie when you take into account that the most exoensive thing you own has lost a chunk of value, you won't r3ally give a shit about a 50c price rise of your hamburger, nor would one claim 50% inflation each month.

Your brain is made of hamburger. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Marty Champions on November 10, 2020, 04:17:22 AM
Quote from: Mayday on November 10, 2020, 03:06:40 AM
No, as the context to why i was replying is people claiming we are on the verge of 50% inflation each month because something insignificant they bought was a little mkre expensive. Meanwhile disregarding that certain large property markets are in a world of hurt.

Ie when you take into account that the most exoensive thing you own has lost a chunk of value, you won't r3ally give a shit about a 50c price rise of your hamburger, nor would one claim 50% inflation each month.
housing depreciation and what some one will pay for a house are totally unrelated because no property in the past 10 years has gotten cheaper
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 10, 2020, 04:19:21 AM
Quote from: Mayday on November 10, 2020, 03:06:40 AM
No, as the context to why i was replying is people claiming we are on the verge of 50% inflation each month because something insignificant they bought was a little mkre expensive. Meanwhile disregarding that certain large property markets are in a world of hurt.

Ie when you take into account that the most exoensive thing you own has lost a chunk of value, you won't r3ally give a shit about a 50c price rise of your hamburger, nor would one claim 50% inflation each month.

Which property markets are in a world of hurt? Property in most countries are close to record highs (at least where I invest). Are you talking about places in the US such as Detroit etc? Ny and San Francisco, Portland, Florida, Miami etc all doing well.

But yes, I agree, a 50% loss on a leveraged asset would really hurt for some people. Which is why we see money printing and continued price asset support from the Fed. Keeps the banks happy. Keeps developers happy. Creates for for laborers. Encourages spending due to the "wealth effect". And (very insidiously) enables the Government to effectively steal money from the masses through capital gains taxes (among other taxes).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on November 10, 2020, 04:47:08 AM
JPMorgan says institutional investors appear to prefer bitcoin over gold

Institutional investors, such as family offices, might be looking at bitcoin as an alternative to gold, according to JPMorgan analysts.

In a research note published Friday, JPMorgan analysts said Grayscale's bitcoin trust saw cumulative inflows through October, whereas gold exchange-traded funds (ETFs) saw "modest outflows" since mid-October. "This contrast lends support to the idea that some investors that previously invested in gold ETFs such as family offices, may be looking at bitcoin as an alternative to gold," said the analysts.

Both retail and institutional investors are driving demand for Grayscale's bitcoin trust, according to the analysts. The trust currently manages $7.6 billion worth of assets in total.


The potential long-term upside for bitcoin is "considerable" if it competes "more intensely with gold as an 'alternative' currency,'" according to the analysts. However, bitcoin's market cap would have to rise ten times from current levels "to match the total private sector investment in gold ETFs or bars and coins," said the analysts.

Corporate endorsements of bitcoin in general and PayPal's support, in particular, have also propelled the demand for bitcoin, according to the analysts. Bitcoin, however, appears to be "close to overbought levels on our momentum signal framework, something that could potential[ly] trigger profit taking or mean reversion flows," said the analysts.

https://www.theblockcrypto.com/linked/84001/jpmorgan-bitcoin-gold-institutional-investors-gbtc
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on November 10, 2020, 04:49:26 AM
Every Major Bank Will Have Exposure to Bitcoin, Says Renowned Fund Manager Bill Miller


Veteran investor Bill Miller says that all major banks, investment banks, and high net worth firms will eventually have some exposure to bitcoin or something like it. He said that bitcoin’s staying power is getting better every day.

Bill Miller’s Bullish Statements About Bitcoin
A growing number of major corporations have been gaining exposure to bitcoin, prompting speculation of when the rest of them will follow. Following Microstrategy’s $425 million investment, Square invested in bitcoin and Paypal launched a cryptocurrency service. Now, famous investor Bill Miller reportedly told CNBC on Friday:

I think every major bank, every major investment bank, every major high net worth firm is going to eventually have some exposure to bitcoin or what’s like it.

He named “gold or some kind of commodities” as alternative investments like bitcoin.

Bill Miller founded Miller Value Partners and currently serves as its chairman and chief investment officer. He manages the Opportunity Equity and Income Strategy portfolios. Miller previously co-founded Legg Mason Capital Management and co-managed the Legg Mason Capital Management Value Trust from its inception in 1982. He took over as sole manager in December 1990 and served in this role for the next 20 years. Prior to joining Legg Mason, he served as treasurer of the JE Baker Company, a major manufacturer of products for the steel and cement industries. He famously beat the S&P 500 every year from 1991 to 2005.

While noting that the price of bitcoin has been “very volatile,” the famed investor believes that the cryptocurrency’s “staying power gets better every day” and the risks of it “going to zero are much much lower than they’ve ever been before.”

https://news.bitcoin.com/bill-miller-every-major-bank-exposure-bitcoin/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 10, 2020, 04:50:26 AM
Quote from: polychronopolous on November 10, 2020, 04:47:08 AM
JPMorgan says institutional investors appear to prefer bitcoin over gold

Institutional investors, such as family offices, might be looking at bitcoin as an alternative to gold, according to JPMorgan analysts.

In a research note published Friday, JPMorgan analysts said Grayscale's bitcoin trust saw cumulative inflows through October, whereas gold exchange-traded funds (ETFs) saw "modest outflows" since mid-October. "This contrast lends support to the idea that some investors that previously invested in gold ETFs such as family offices, may be looking at bitcoin as an alternative to gold," said the analysts.

Both retail and institutional investors are driving demand for Grayscale's bitcoin trust, according to the analysts. The trust currently manages $7.6 billion worth of assets in total.


The potential long-term upside for bitcoin is "considerable" if it competes "more intensely with gold as an 'alternative' currency,'" according to the analysts. However, bitcoin's market cap would have to rise ten times from current levels "to match the total private sector investment in gold ETFs or bars and coins," said the analysts.

Corporate endorsements of bitcoin in general and PayPal's support, in particular, have also propelled the demand for bitcoin, according to the analysts. Bitcoin, however, appears to be "close to overbought levels on our momentum signal framework, something that could potential[ly] trigger profit taking or mean reversion flows," said the analysts.

https://www.theblockcrypto.com/linked/84001/jpmorgan-bitcoin-gold-institutional-investors-gbtc
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on November 10, 2020, 05:08:33 AM
Billionaire Investor Stanley Druckenmiller: Bitcoin Better Bet than Gold

Stanley Druckenmiller, a billionaire investor who managed George Soros's money back in the 1990s, today sang the praises of Bitcoin.

"It could be an asset class that has a lot of attraction as a store of value to both Millennials and to the new West Coast money—and as you know they've got a lot of it," said Druckenmiller. "It's been around for 13 years [actually, 12] and with each passing day it picks up more of its stabilization," he said in an interview with CNBC today.

Druckenmiller's comments come as Bitcoin's price breaks past $15,000, almost four times its price in March, and about $5,000 more than its price at the start of last month.

"I own many many more times gold than I own Bitcoin, but frankly if the gold bet works, the Bitcoin bet will probably work better," he said, because it's "more illiquid and has a lot more beta to it," he said. Beta measures how volatile an asset is compared to the market as a whole.

Druckenmiller in 2018 invested in Basis, a US stablecoin company that shut down in...2018.

Last June, Druckenmiller told an audience at the Economic Club of New York that he considers Bitcoin "a solution in search of a problem," and that he "didn't need to be playing in Bitcoin."

He would neither short nor long Bitcoin, since he doesn't get why it's a store of value. “I don’t understand why we need this thing," he said.

Of the argument that Bitcoin's valuable because you can't create it, he said last year, "there are a lot of things you can't create that aren't going to go to $1 million."

https://decrypt.co/47676/stanley-druckenmiller-bitcoin-better-bet-than-gold
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 10, 2020, 05:19:46 AM
Quote from: polychronopolous on November 10, 2020, 04:47:08 AM
JPMorgan says institutional investors appear to prefer bitcoin over gold

Institutional investors, such as family offices, might be looking at bitcoin as an alternative to gold, according to JPMorgan analysts.

In a research note published Friday, JPMorgan analysts said Grayscale's bitcoin trust saw cumulative inflows through October, whereas gold exchange-traded funds (ETFs) saw "modest outflows" since mid-October. "This contrast lends support to the idea that some investors that previously invested in gold ETFs such as family offices, may be looking at bitcoin as an alternative to gold," said the analysts.

Both retail and institutional investors are driving demand for Grayscale's bitcoin trust, according to the analysts. The trust currently manages $7.6 billion worth of assets in total.


The potential long-term upside for bitcoin is "considerable" if it competes "more intensely with gold as an 'alternative' currency,'" according to the analysts. However, bitcoin's market cap would have to rise ten times from current levels "to match the total private sector investment in gold ETFs or bars and coins," said the analysts.

Corporate endorsements of bitcoin in general and PayPal's support, in particular, have also propelled the demand for bitcoin, according to the analysts. Bitcoin, however, appears to be "close to overbought levels on our momentum signal framework, something that could potential[ly] trigger profit taking or mean reversion flows," said the analysts.

https://www.theblockcrypto.com/linked/84001/jpmorgan-bitcoin-gold-institutional-investors-gbtc

Of course! Every single gold investor I know (other than stubborn and bitter Mr A) have taken an interest in BTC. In many physical gold shops they now offer a Gold to BTC sale, accept BTC to buy gold, price gold in BTC (as well as other FX) etc.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on November 11, 2020, 12:35:31 AM
I wish I invested in BTC when this thread first started. Back then $5000 was a big thing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on November 11, 2020, 03:11:24 AM
Quote from: gib on November 10, 2020, 04:19:21 AM
Which property markets are in a world of hurt? Property in most countries are close to record highs (at least where I invest). Are you talking about places in the US such as Detroit etc? Ny and San Francisco, Portland, Florida, Miami etc all doing well.



Vince tell us about yours investments in Monte Carlo,Singapore,Tokyo,.............. 8)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 13, 2020, 03:38:40 PM
Quote from: pellius on November 11, 2020, 12:35:31 AM
I wish I invested in BTC when this thread first started. Back then $5000 was a big thing.

It had a recent large run up. It should pullback a little.

What i find interesting is these second lockdowns...... if we see euro lockdowns in 2021 and a US lockdown in 2021, i reckon you can bank on BTC @ 100k in 2022.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 13, 2020, 08:30:44 PM
Quote from: Mayday on November 13, 2020, 03:38:40 PM
It had a recent large run up. It should pullback a little.

What i find interesting is these second lockdowns...... if we see euro lockdowns in 2021 and a US lockdown in 2021, i reckon you can bank on BTC @ 100k in 2022.

Waiting for Mr A to misquote you as saying BTC will hit 1million by 2021... LOL
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 15, 2020, 07:04:27 PM
Mr Anabolic gets a mention LOL!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 15, 2020, 08:40:38 PM
Quote from: gib on November 13, 2020, 08:30:44 PM
Waiting for Mr A to misquote you as saying BTC will hit 1million by 2021... LOL

lol

I have enough data now that on the weekend i believe i see the 'big bang' of the planned solution for the 'new look' monetary system.  This makes me considerably more comfortable with crypto.

It probably needs it's own thread.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: epic is back on November 15, 2020, 09:30:51 PM
Quote from: jr on September 04, 2017, 01:10:38 PM
Don't you have to store gold somewhere?

Where do you keep it? In an ETF? A bank vault? Do they really have your gold?

At home? What happens if you get robbed? Do you bury it in your back yard lol?

Bitcoin doesn't have this flaw.

How do you move gold around, especially across borders?

Bitcoin doesn't have this flaw.

Gold plated tungsten? 1 oz coin or is it a 0.95 oz coin?

Bitcoin doesn't have this flaw.

Have you ever bought anything with gold directly? Bitcoin is used all the time to buy stuff.

etc...

How does gold beat bitcoin in every way?

Bitcoin needs electricity to be mined or “created “

It also needs a lcd display or similar for you to “ see” it

Gold doesn’t have this flaw

Gold is heavy it’s physical

Many real things made of gold

Like the computers that make bitcoins become “real” have gold parts in them

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 16, 2020, 02:17:31 AM
Quote from: epic is back on November 15, 2020, 09:30:51 PM
Bitcoin needs electricity to be mined or “created “

It also needs a lcd display or similar for you to “ see” it

Gold doesn’t have this flaw

Gold is heavy it’s physical

Many real things made of gold

Like the computers that make bitcoins become “real” have gold parts in them

Both gold and BTC require energy to be mined. That energy and effort that went into the mining are reflected in their values.

Lol that BTC needs an "LCD monitor" for you to see it. The reality is that both exist, regardless of any monitor, and both can (and do) exist regardless of whether any monitor is there or not. However, to the extent that most money and stocks are electronic records these days, to a rather simpleminded person - yes you need a monitor to "see" these too. :)

The fact that gold is heavy and physical is arguably a flaw that BTC does not have. Try storing 1m in gold. Try taking a few gold bars through customs to another country and see how that works out for you. Try removing a fraction of a gold bar in order to pay someone something. Try walking around the city with 30K cash in gold coins, vs BTC on your iphone. BTC has the advantage here hands down.

Thank you for telling us that many real things are made out of gold. If I ever need a filling for a cavity I might get a gold tooth. :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on November 16, 2020, 02:24:58 AM
Quote from: Bindare_Dundat on November 06, 2020, 01:01:06 AM
I'm all for bitcoin. It isn't going anywhere. I just don't like the use of the word crypto in the way it was used.in the above example
Just wait until they unveil Fedcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 16, 2020, 02:36:53 AM
Quote from: Humble Narcissist on November 16, 2020, 02:24:58 AM
Just wait until they unveil Fedcoin.

Yes, for sure that will be huge step in legitimizing bitcoin, as older-minded people will suddenly realize that you don't need money to be in physical form for it to be real.

Further, it will boost the entire infrastructure around electronic transactions.

But most significantly, all the controls and monitoring that come with the FedCoin (and the loss of anonymity that came with paper money) will be a huge driver for BTC both among individuals and n0n-US citizens (or indeed anyone who wants to be outside of the control of the US).

Lastly, a Fed coin will of course not be limited in supply, and will be devalued by continued printing. It is this fault of Government printed money, that lead to the value proposition of BTC's status as an immutable and undilutable store of wealth.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on November 16, 2020, 02:39:37 AM
Quote from: gib on November 16, 2020, 02:36:53 AM
Yes, for sure that will be huge step in legitimizing bitcoin, as older-minded people will suddenly realize that you don't need money to be in physical form for it to be real.

Further, it will boost the entire infrastructure around electronic transactions.

But most significantly, all the controls and monitoring that come with the FedCoin (and the loss of anonymity that came with paper money) will be a huge driver for BTC both among individuals and n0n-US citizens (or indeed anyone who wants to be outside of the control of the US).

Lastly, a Fed coin will of course not be limited in supply, and will be devalued by continued printing. It is this fault, that lead to the value proposition of BTC's status as an immutable and undilutable store of wealth.
Fedcoin would probably end Bitcoin quickly.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 16, 2020, 02:53:15 AM
Huh? What makes you think that?

You do realize that 99%+ of all US currency is already electronic, right?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on November 16, 2020, 03:22:41 AM
Quote from: gib on November 16, 2020, 02:53:15 AM
Huh? What makes you think that?

You do realize that 99%+ of all US currency is already electronic, right?
Fedcoin would replace the dollar.  If it actually is rolled out it would end the dollar and probably all other digital currencies.  This is the way the United States will end it's debt.  Other countries will do it as well.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on November 16, 2020, 03:39:10 AM
Grayscale Buys $240m in Bitcoin In Largest Capital Raise Week Ever

Grayscale, which runs the Grayscale Bitcoin Trust (GBTC), bought this week another 15,114 Bitcoin ($241 million). GBTC holds 481,711 Bitcoin, representing 62% of all Bitcoins in the ownership of publicly-traded companies.

Grayscale, a digital assets management company, this week bought another 15,114 Bitcoin ($241 million), bringing the total number of Bitcoin the company owns to 506,000, or $8.1 billion. The company now manages a total of $10 billion worth of cryptocurrency.

Grayscale is among the biggest purchasers of Bitcoin. Its total investments comprise 2.29% of Bitcoin’s entire market cap.

Michael Sonnehnshein, Managing Director of Grayscale, declared this week the largest capital raise week “EVER,” after the firm raised $262 million. He said that on Thursday the company “raked in over $115 million in Bitcoin alone.”

The company runs various trusts, pools of private investors’ money that Grayscale uses to buy up cryptocurrencies. Shares in the trust trade publicly; their prices roughly track the price of the cryptocurrencies. Its Bitcoin trust is the largest.

https://decrypt.co/48277/grayscale-buys-240m-in-bitcoin-in-largest-capital-raise-week-ever?amp=1
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 16, 2020, 04:02:07 AM
Quote from: Humble Narcissist on November 16, 2020, 03:22:41 AM
Fedcoin would replace the dollar.  If it actually is rolled out it would end the dollar and probably all other digital currencies.  This is the way the United States will end it's debt.  Other countries will do it as well.

You are mixing up numerous concepts here. Let me explain.

In the future, almost all currencies of countries will be digital. Indeed most largely are already.

Soon we will see some countries go entirely digital with their currencies (ie paperless). The USD going 100% digital will not result in other countries not still have their own digital currencies, just as the US having a paper currency didn't stop other countries have their own paper currencies in the days before computers.

Second, you can't just "end debt" by making a currency digital. The US's debt will remain, regardless of whether its currency is digital or not.

You may be confusing the concept of a digital currency, with a block chain currency (which is what BTC is). A US blockchain currency (aka a smart-coin) is possible in the future (indeed its likely), but what it will not have is the freedom and anonymity that BTC provides (indeed quite the opposite, it will have trackability associated with a person's unique ID details and limitations on usage dependent on the user's ID details (eg age, criminal record, substance abuse, welfare beneficiary, bad debtor, outstanding fines or taxes, etc), nor the global usage that BTC has, nor the mathematical limit on supply. So, as I explained, a so called Fed-Coin, will be hugely positive for BTC. It is the creation of such coins (and the associated loss of freedom that "paper money" and "dumb digital money" provides), that many BTC investors are hoping for as a future huge driver of surge in value as wealth moved into Bitcoin as a hedge and protection.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 16, 2020, 04:39:19 AM
Quote from: Humble Narcissist on November 16, 2020, 03:22:41 AM
Fedcoin would replace the dollar.  If it actually is rolled out it would end the dollar and probably all other digital currencies.  This is the way the United States will end it's debt.  Other countries will do it as well.

Ok, i'll put an end to this one here as a few have said this now and it's completely and totally wrong.

The countries will create a 'digital' coin however this is still an expansionary system. That isn't going to change because you require expansion and inflation to avoid collapse.

The reason they are going digital is because this is the system they will use to deposit money directly into the population's bank accounts as a means of welfare/basal income.

Digitial coin = infinite
BTC = finite
It is 2 different things and this is why BTC is a hedge.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 16, 2020, 04:47:20 AM
Quote from: Mayday on November 16, 2020, 04:39:19 AM
Ok, i'll put an end to this one here as a few have said this now and it's completely and totally wrong.

The countries will create a 'digital' coin however this is still an expansionary system. That isn't going to change because you require expansion and inflation to avoid collapse.

The reason they are going digital is because this is the system they will use to deposit money directly into the population's bank accounts as a means of welfare/basal income.

lol - very naïve

The main reason is to track and tax everyone.  That's been the goal since the beginning.  I posted this here 100 pages ago. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 16, 2020, 05:11:14 AM
Quote from: Mr Anabolic on November 16, 2020, 04:47:20 AM
lol - very naïve

The main reason is to track and tax everyone. That's been the goal since the beginning.  I posted this here 100 pages ago.

Exactly.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: epic is back on November 16, 2020, 08:11:43 AM
Quote from: gib on November 16, 2020, 02:17:31 AM
Both gold and BTC require energy to be mined. That energy and effort that went into the mining are reflected in their values.

Lol that BTC needs an "LCD monitor" for you to see it. The reality is that both exist, regardless of any monitor, and both can (and do) exist regardless of whether any monitor is there or not. However, to the extent that most money and stocks are electronic records these days, to a rather simpleminded person - yes you need a monitor to "see" these too. :)

The fact that gold is heavy and physical is arguably a flaw that BTC does not have. Try storing 1m in gold. Try taking a few gold bars through customs to another country and see how that works out for you. Try removing a fraction of a gold bar in order to pay someone something. Try walking around the city with 30K cash in gold coins, vs BTC on your iphone. BTC has the advantage here hands down.

Thank you for telling us that many real things are made out of gold. If I ever need a filling for a cavity I might get a gold tooth. :)

I am just pointing out the obvious

Don’t know you or want to argue or have fun arguing with you

A 200 dollar cell phone jammer inables your ability to “ trade “ or “ carry” your “ coins” anywhere at all

It’s not complicated is it ?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on November 16, 2020, 09:32:49 AM
Quote from: epic is back on November 16, 2020, 08:11:43 AM
I am just pointing out the obvious

Don’t know you or want to argue or have fun arguing with you

A 200 dollar cell phone jammer inables your ability to “ trade “ or “ carry” your “ coins” anywhere at all

It’s not complicated is it ?

just need access to a physical internet connection, the whole earth pretty much has that at this point.

I didn't expect the mass interest from institutions or Bitcoin to hold up so strongly. I've changed my mind and believe BTC will truly be the digital gold, its perfect for the new tech age and is being bought up by the hundreds of millions of dollars at the moment. If it can weather the late 2017 hysteria, it can weather anything. Only 800k addresses own 1btc or more so I wouldn't hang around if you have any interest at all in owning at least 1 btc, its getting scarce. For reference there are 45 million millionaires or so worldwide currently, and only around 18 million bitcoin in circulation.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 16, 2020, 11:43:00 AM
Quote from: Mr Anabolic on November 16, 2020, 04:47:20 AM
lol - very naïve

The main reason is to track and tax everyone.  That's been the goal since the beginning.  I posted this here 100 pages ago.

It's one reason sure, but not the main reason.   For someone who believes this is one giant mass conspiracy you are playing in the sandpit dude. Your answer is like saying the car doesn't start because something is broken.....

If you followed the currency and money supply like i do, you'd have noticed one of the metrics just went backwards.

That sudden shift mskes me believe the US will go into lockdown.

I see your gold is still hitting it's head against the ceiling just as i said it would...... Aug, Sept, Oct, Nov and it can't crack a new high. You still want to claim you are drowning in inflation when the ultimate hedge against inflation isn't going up lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on November 16, 2020, 12:49:02 PM
Quote from: gib on November 16, 2020, 04:02:07 AM




 
                                                     Let me explain.





 :P

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on November 16, 2020, 03:11:39 PM
Quote from: epic is back on November 16, 2020, 08:11:43 AM
I am just pointing out the obvious

Don’t know you or want to argue or have fun arguing with you

A 200 dollar cell phone jammer inables your ability to “ trade “ or “ carry” your “ coins” anywhere at all

It’s not complicated is it ?

You carry your Bitcoin in your mind if you have your passphrase memorized.

It becomes metaphysical at that point.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 16, 2020, 03:23:45 PM
Quote from: polychronopolous on November 16, 2020, 03:11:39 PM
You carry your Bitcoin in your mind if you have your passphrase memorized.

It becomes metaphysical at that point.

Like a cult.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on November 16, 2020, 04:58:23 PM
Quote from: Mr Anabolic on November 16, 2020, 03:23:45 PM
Like a cult.

Pride is a helluva trait.

Pride goeth before destruction - Proverbs 16:18

Isn't that what the nice little old lady taught you in Sunday school class?

Well then, you just sit there set in your ways and I will continue to post article after article after article of Bitcoin's continuing adoption and you kick back and watch as Bitcoin eats gold's lunch.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 16, 2020, 07:43:34 PM
Quote from: Mr Anabolic on November 16, 2020, 03:23:45 PM
Like a cult.

You should have listened to me back in March......  i track the central bank data and i have helped people on here with so much insight into the mechanics of it all. I hope i can continue to help more people on here so they can put themselves and their families in a better position by 2022.

Dow March low 19,200
Dow today 29,950
Change 56%

Gold March low 1,400
Gold today 1,880
Change 25%

BTC March low 5,400
BTC today 16,750
Change 210%
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on November 16, 2020, 07:54:54 PM
Quote from: gib on November 16, 2020, 02:53:15 AM
Huh? What makes you think that?

You do realize that 99%+ of all US currency is already electronic, right?


Vince, you do realize that the U.S. have gold reserves + 8000 tonnes  ;)

OBW, who stores bitcoins gold reserves ..........& how many micrograms of gold  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 16, 2020, 08:18:12 PM
Quote from: Mr Anabolic on September 04, 2017, 08:26:09 AM

Me thinks $5000 was THE top.  Let's see if I'm right.

LOL! :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 16, 2020, 09:29:43 PM
Quote from: Teutonic Knight 1 on November 16, 2020, 07:54:54 PM

Vince, you do realize that the U.S. have gold reserves + 8000 tonnes  ;)

OBW, who stores bitcoins gold reserves ..........& how many micrograms of gold  ;D

This year China increased it's gold holding by 5% from Jan to Jul and have since started decreasing it.... 

Seems that even during a pandemic and a global financial reset China aren't to bothered with gold......

The environment right now is the ultimate wet dream for gold bugs aaaaaand it's managed a whopping 25%..... 


FWIW you can't really point at an asset class that outperformed your hot pick 8 fold and make fun of it....... The Fed gave trillions to the banks and they dumped it into the stockmarket rather than gold..... 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 17, 2020, 07:02:23 PM
An update on Mr Anabolic's psychological state. Quote from GetBig history but worth reposting. At the time, my diagnosis of his mental state was as follows:

Quote from: gib on January 06, 2018, 06:26:14 PM
Psychologists explain this behavior as a natural consequence of those who are upset or feel grief/envy worrying about having lost the opportunity to participate. The so called Kubler-Ross model which we are seeing classic examples of from some of the posters here.

The 5 stages of grief and loss are:

1. Denial and isolation (this bitcoin thing is BS, bitcoin people are freaks, bitcoins are just blips - how can they be worth anything, it’s all a conspiracy / Ponzi scheme).

 2. Anger (GIB you suck, GIB you are delusional, you are a psychopath, etc etc).

3. Bargaining (The easy money has been made. The peak has been reached. Well maybe bitcoins are a legit asset but I believe something better will come along, gold is still better than bitcoin, etc).

 4. Depression (oh man I (secretly) wished that I had invested :(

5. Acceptance. (Ok, I get it now).

People who are grieving do not necessarily go through the stages in the same order or experience all of them to the same degree.

People like Mr A are somewhere in between stages 2 and 3. Most will eventually get to 5. On a much broader level we can see all of society collectively moving through these phases also when it comes to understanding and acceptance of bitcoins (and this is in turn also reflected as a whole in bitcoin price movements). Prices will stabilise when we get collectively to level 5 but until then will be volatile but overall upwards.

He has now progressed, and is swinging between phases 3-4. We will see this play out (and people an even regress in stages), but he will likely eventually get to 5.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 17, 2020, 09:21:36 PM
We can now see here very clearly the benefit on a non-fiat, decentralized, immutable store of wealth.

BTC has now achieved all-time high prices relative to numerous other world currencies.

In an Oct. 22 tweet, Alistair Milne mentioned seven countries in which Bitcoin had already reached its all-time high relative to those countries' native fiat currencies. In the same tweet, he said Colombia and Russia would soon join the list.

Bitcoin recently surpassed its all-time high against the Russian ruble earlier this month. The asset also broke its record high against the Colombian peso a few weeks ago, completing the list — except for his closing comment, which forecasts “all other fiat currencies” to follow.

https://cointelegraph.com/news/bitcoin-has-hit-all-time-highs-against-numerous-world-currencies (https://cointelegraph.com/news/bitcoin-has-hit-all-time-highs-against-numerous-world-currencies)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 19, 2020, 09:07:00 PM
Ricardo Salinas Pliego, the second-wealthiest man in Mexico, has revealed that 10% of his “liquid portfolio” is invested in Bitcoin (BTC).

https://cointelegraph.com/news/mexico-s-second-richest-man-invests-10-of-his-liquid-portfolio-in-bitcoin
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 19, 2020, 09:31:35 PM
Back in 2013 when BTC was $381 per coin...

No wonder Mr A is  ??? ??? ??? :'( :'( :'(
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 20, 2020, 02:38:24 AM
BTC is probably a week away from either doing a massive run or a massive pullback.

If it's a run up, we are going to see it at 23k-25k.

If it's a pullback look to 16k.

What people should know is there are large.whale holders of.BTC who need to sell their horde in order to creqte greater.market.depth. Pullbacks are inevitable as these massive holders sell off after each run up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on November 20, 2020, 03:52:00 AM
Quote from: Mayday on November 20, 2020, 02:38:24 AM
BTC is probably a week away from either doing a massive run or a massive pullback.

If it's a run up, we are going to see it at 23k-25k.

If it's a pullback look to 16k.

What people should know is there are large.whale holders of.BTC who need to sell their horde in order to creqte greater.market.depth. Pullbacks are inevitable as these massive holders sell off after each run up.
The pullback will occur after the next stimulus check release where idiots across the country will invest their $1500 thinking they are going to get rich. :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on November 20, 2020, 04:08:58 AM
(https://www.flowbank.com/hubfs/bitcoin%20no%20hype.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on November 20, 2020, 12:10:35 PM
Quote from: gib on November 19, 2020, 09:31:35 PM
Back in 2013 when BTC was $381 per coin...

No wonder Mr A is  ??? ??? ??? :'( :'( :'(


 ??? why uncle Tedros of WHO fame don't accept donations (like $ 500 000 000  from China) in bitcoins  ;D

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 20, 2020, 01:46:38 PM
Quote from: gib on November 19, 2020, 09:31:35 PM
Back in 2013 when BTC was $381 per coin...

No wonder Mr A is  ??? ??? ??? :'( :'( :'(

lol - I'm not crying, believe me. 

Blips are speculation du jour.  FOMO has taking over, the chart is going parabolic and that's never a good thing.  Here is the chart:  https://www.finviz.com/crypto_charts.ashx?t=BTCUSD&tf=mo (https://www.finviz.com/crypto_charts.ashx?t=BTCUSD&tf=mo)  Can it go even higher?... of course it can.

I hope the hodlers keep hodling.  This next dump will be epic, then they'll disappear like they did when it dumped from $19K to $3K.   

There are plenty of ways to make money.  I trade futures and options every week.  I do very, very well.  Not going to post any $ numbers because I'm a very modest man.

Once the FED comes out with a sovereign crypto, blips will be declared illegal.  The bag holders will be multitudinous.  Then you'll see some real   :o :'(  :o :'(  :o :'(

Anyone here better think twice before you run out and put all your shekels in the cloud.

BTW, have you seen the prices of ammo lately?  Now going for 5-6x what I paid for it when I started amassing it 15 years ago.  Pretty damn good investment.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on November 20, 2020, 02:03:30 PM
I got out today. Broke even after a year with ethereum and bitcoin cash.

No more cryptoceling for me.

Though I might be tempted to buy low on the next crash. It's all about timing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 20, 2020, 02:08:10 PM
Quote from: a_pupil on November 20, 2020, 02:03:30 PM
I got out today. Broke even after a year with ethereum and bitcoin cash.

No more cryptoceling for me.

Though I might be tempted to buy low on the next crash. It's all about timing.

Smart man. 

When this next dump comes (and it will), hodlers won't know what hit em... just like last time. 

Greed and FOMO is what kills most traders/investors.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on November 20, 2020, 04:53:04 PM
BlackRock’s Chief Investment Officer Says Bitcoin Could Replace Gold to a Large Extent


The chief decision maker for where BlackRock, the world’s largest asset manager, invests its funds said bitcoin could take the place of gold to a large extent because crypto is “so much more functional than passing a bar of gold around.”

    Speaking during CNBC’s Squawk Box on Friday, BlackRock CIO of Fixed Income Rick Rieder responded to a question asking if governments might try to regulate bitcoin if its price keeps rallying.

    “I think cryptocurrency’s here to stay, I think it is … durable,” he said.

    Alongside central banks developing digital currencies, millennials’ “receptivity” to technology and cryptocurrency “is real, digital payments systems is real,” Rieder said.

    “Do I think it’s a durable mechanism that … could take the place of gold to a large extent? Yeah, I do, because it’s so much more functional than passing a bar of gold around,” Rieder said.

    The CIO balanced that by saying he’s not particularly a bitcoin bull and doesn’t include it much in business and corporate portfolios. Further, it’s not clear if bitcoin is worth its current price of over $18,000 price, he said.

 https://finance.yahoo.com/news/blackrock-exec-says-bitcoin-could-140419263.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 20, 2020, 05:24:48 PM
Quote from: Mr Anabolic on November 20, 2020, 01:46:38 PM
lol - I'm not crying, believe me. 

Blips are speculation du jour.  FOMO has taking over, the chart is going parabolic and that's never a good thing.  Here is the chart:  https://www.finviz.com/crypto_charts.ashx?t=BTCUSD&tf=mo (https://www.finviz.com/crypto_charts.ashx?t=BTCUSD&tf=mo)  Can it go even higher?... of course it can.

I hope the hodlers keep hodling.  This next dump will be epic, then they'll disappear like they did when it dumped from $19K to $3K.   

There are plenty of ways to make money.  I trade futures and options every week.  I do very, very well.  Not going to post any $ numbers because I'm a very modest man.

Once the FED comes out with a sovereign crypto, blips will be declared illegal.  The bag holders will be multitudinous.  Then you'll see some real   :o :'(  :o :'(  :o :'(

Anyone here better think twice before you run out and put all your shekels in the cloud.

BTW, have you seen the prices of ammo lately?  Now going for 5-6x what I paid for it when I started amassing it 15 years ago.  Pretty damn good investment.

So we are making some progress with you!. Thank you for telling us that Bitcoin (now at $18,000), which you called a bubble in back in November 13, 2013, 05:1:42 PM when BTC was $381 per coin,

and again on March 17, 2014, 02:13:27 PM -when Bitcoin price $589

and again ... September 04, 2017, 07:26:09 AM - when Bitcoin price $4319

and again ...November 10, 2017, 04:10:43 AM - when Bitcoin price - $6570

and again ... November 19, 2017, 11:22:58 AM - when Bitcoin Price $8033

..."Can go even higher."  :)

That absolutely makes my day as a wind down here with a glass of whisky.

When it surpasses the 20K mark, your self-humiliation and GetBig self-ownership of peace, will have been completed.

So now, let me push you a little further on your journey Mr A. How much further can it go? Dare you admit it may go past 20K? 50K? 100K? Because if so, you are starting to sound pretty much like me, I believe. ("A bliptard" was one of the terms I believe you used).

And what makes you then of the possible (and likely) new all time high that we may see in the near future? Some kind rare "double tulip bubble" perhaps lol? A dead cat bounce where the cat wasn't actually dead and had superpowers? A blip along the way (no pun intended) at the start of what in hindsight was a much longer journey over the years ahead?

I have already explained about how a so-called FedCoin would provide a massive flow of money into a non-Fed coin (ie Bitcoin). You yourself, have even admitted you would be very reluctant to use a Fed-coin (hint - you will in practical terms have no choice but to use one). But, you will have the choice to put your money into bitcoin (which if you have not secretly done already, you will do). By the time FedCoin come along, even just as it approaches, you will see a massive surge into BTC. By then you will have missed out massively in terms of the price that you will need to pay for one.

In practical terms, it is impossible to declare a mathematical algorithm illegal. Just like gold, (your favorite asset, which BTC has massively outperformed) did not "disappear" back when it was declared illegal, nor can BTC disappear. Indeed, its possible that gold might some time be "declared illegal" again too, and I think we both know that it would be far far easier to confiscate gold (or stop it being traded) than it would be to do so to BTC.

But either way, America is not going to ban BTC. Regulate it, yes sure (that has already happened). But what will happen is that US will embrace it  - it will run in synch with a FedCoin, and will by the way serve as a healthy check and balance to any FedCoin. The people will demand it. And the Government will have no choice but to allow it.

See you at the 20K mark for a little celebration and a few select "the best quotes of Mr A, that we can all take a moment to have a chuckle at).

xxx Blip
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 20, 2020, 05:48:59 PM
Quote from: gib on November 20, 2020, 05:24:48 PM
So we are making some progress with you!. Thank you for telling us that Bitcoin (now at $18,000), which you called a bubble in back in November 13, 2013, 05:1:42 PM when BTC was $381 per coin,

and again on March 17, 2014, 02:13:27 PM -when Bitcoin price $589

and again ... September 04, 2017, 07:26:09 AM - when Bitcoin price $4319

and again ...November 10, 2017, 04:10:43 AM - when Bitcoin price - $6570

and again ... November 19, 2017, 11:22:58 AM - when Bitcoin Price $8033

..."Can go even higher."  :)

That absolutely makes my day as a wind down here with a glass of whisky.

When it surpasses the 20K mark, your self-humiliation and GetBig self-ownership of peace, will have been completed.

So now, let me push you a little further on your journey Mr A. How much further can it go? Dare you admit it may go past 20K? 50K? 100K? Because if so, you are starting to sound pretty much like me, I believe. ("A bliptard" was one of the terms I believe you used).

And what makes you then of the possible (and likely) new all time high that we may see in the near future? Some kind rare "double tulip bubble" perhaps lol? A dead cat bounce where the cat wasn't actually dead and had superpowers? A blip along the way (no pun intended) at the start of what in hindsight was a much longer journey over the years ahead?

I have already explained about how a so-called FedCoin would provide a massive flow of money into a non-Fed coin (ie Bitcoin). You yourself, have even admitted you would be very reluctant to use a Fed-coin (hint - you will in practical terms have no choice but to use one). But, you will have the choice to put your money into bitcoin (which if you have not secretly done already, you will do). By the time FedCoin come along, even just as it approaches, you will see a massive surge into BTC. By then you will have missed out massively in terms of the price that you will need to pay for one.

In practical terms, it is impossible to declare a mathematical algorithm illegal. Just like gold, (your favorite asset, which BTC has massively outperformed) did not "disappear" back when it was declared illegal, nor can BTC disappear. Indeed, its possible that gold might some time be "declared illegal" again too, and I think we both know that it would be far far easier to confiscate gold (or stop it being traded) than it would be to do so to BTC.

But either way, America is not going to ban BTC. Regulate it, yes sure (that has already happened). But what will happen is that US will embrace it  - it will run in synch with a FedCoin, and will by the way serve as a healthy check and balance to any FedCoin. The people will demand it. And the Government will have no choice but to allow it.

See you at the 20K mark for a little celebration and a few select "the best quotes of Mr A, that we can all take a moment to have a chuckle at).

xxx Blip

lol 

$100,000...

$250,000...

then $1 MILLION!

Blipcon is doing another one of its parabolic ramps and out come the roosters to crow about how cool it is and how smart they are.

Just like the last time, and the time before that, it will crash... hard.  Parabolic spikes never last, it's proven over and over and over. 

And when it does crash this time, I am going barbecue your ass in molasses.  lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 20, 2020, 05:55:07 PM
Quote from: polychronopolous on November 20, 2020, 04:53:04 PM
BlackRock’s Chief Investment Officer Says Bitcoin Could Replace Gold to a Large Extent


The chief decision maker for where BlackRock, the world’s largest asset manager, invests its funds said bitcoin could take the place of gold to a large extent because crypto is “so much more functional than passing a bar of gold around.”

    Speaking during CNBC’s Squawk Box on Friday, BlackRock CIO of Fixed Income Rick Rieder responded to a question asking if governments might try to regulate bitcoin if its price keeps rallying.

    “I think cryptocurrency’s here to stay, I think it is … durable,” he said.

    Alongside central banks developing digital currencies, millennials’ “receptivity” to technology and cryptocurrency “is real, digital payments systems is real,” Rieder said.

    “Do I think it’s a durable mechanism that … could take the place of gold to a large extent? Yeah, I do, because it’s so much more functional than passing a bar of gold around,” Rieder said.

    The CIO balanced that by saying he’s not particularly a bitcoin bull and doesn’t include it much in business and corporate portfolios. Further, it’s not clear if bitcoin is worth its current price of over $18,000 price, he said.

 https://finance.yahoo.com/news/blackrock-exec-says-bitcoin-could-140419263.html

Notice how these bliptards always comparing it to gold.  Even the visual representation of it is colored like a gold coin.  What does this tell you?

Nothing replaces gold... nothing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on November 20, 2020, 05:57:24 PM
Quote from: Mr Anabolic on November 20, 2020, 05:55:07 PM
Notice how these bliptards always comparing it to gold.  Even the visual representation of it is colored like a gold coin.  What does this tell you?

Nothing replaces gold... nothing.

in 15 years we'll be mining seemingly infinite amounts of gold on asteroids in space.BTC will still be finite with only 21 million coins ever.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 20, 2020, 06:10:06 PM
Quote from: Army of One on November 20, 2020, 05:57:24 PM
in 15 years we'll be mining seemingly infinite amounts of gold on asteroids in space.  BTC will still be finite with only 21 million coins ever.

You believe everything you read on those internets?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on November 21, 2020, 01:11:58 AM
$18.724,76

Will we pass the old all time high?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 21, 2020, 02:29:25 AM
Quote from: Mr Anabolic on November 20, 2020, 05:48:59 PM
lol 

$100,000...

$250,000...

then $1 MILLION!

Blipcon is doing another one of its parabolic ramps and out come the roosters to crow about how cool it is and how smart they are.

Just like the last time, and the time before that, it will crash... hard.  Parabolic spikes never last, it's proven over and over and over. 

And when it does crash this time, I am going barbecue your ass in molasses.  lol

Ummm that's why you read data to take educated moves.

I explained the crashes as the large holders must dump in order the achieve greater market penetration.

A pullback is going to happen shortly because it's part of the lifecycle. It's either going to pull back very shortly or it will instead ramp to around 25k and then dump to 16k.

After that, there will be another massive ramp, then a dump, ramp, dump and so on until enough market parti ipants are in to decrease the volatility and decrease the depth of the ramps and dumps. Pretty basic stuff.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 21, 2020, 02:40:01 AM
Quote from: Mr Anabolic on November 20, 2020, 05:55:07 PM
Notice how these bliptards always comparing it to gold.  Even the visual representation of it is colored like a gold coin.  What does this tell you?

Nothing replaces gold... nothing.

Aaaaaah yes..because you don't understand how the money supply works, you claim you are drowning in inflation when there actually is extremely little and so you put your money in gold which is currently one of the worst performing classes since the paneldemic.

How brilliant of you...... 

Even China has sold off gold during the pandemic.....

After the upcoming pullback of BTC it will still have outperformed gold during the pandemic.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on November 21, 2020, 03:02:59 AM
Quote from: FitnessFrenzy on November 21, 2020, 01:11:58 AM
$18.724,76

Will we pass the old all time high?

I don't even wanna know how many idiots still go in these days and panic-sell again in 6 months from now at $ 4000, just like 3 years ago ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on November 21, 2020, 03:17:54 AM
Quote from: affeman on November 21, 2020, 03:02:59 AM
I don't even wanna know how many idiots still go in these days and panic-sell again in 6 months from now at $ 4000, just like 3 years ago ;D

Advise to fellow getbiggers is to empty our offshore investment accounts (in Dubai, India) into bitcoin during the next crash.

Bitcoin is what grew the empires of moguls like vince goodrum
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on November 21, 2020, 05:27:01 AM
Quote from: gib on November 20, 2020, 05:24:48 PM

And what makes you then of the possible (and likely) new all time high that we may see in the near future? Some kind rare "double tulip bubble" perhaps lol? A dead cat bounce where the cat wasn't actually dead and had superpowers? A blip along the way (no pun intended) at the start of what in hindsight was a much longer journey over the years ahead?



 ;D

The mental gymnastics some people take to avoid admitting that they could possibly be wrong in their beliefs.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 21, 2020, 06:06:07 AM
Quote from: Mayday on November 21, 2020, 02:40:01 AM
Aaaaaah yes..because you don't understand how the money supply works, you claim you are drowning in inflation when there actually is extremely little and so you put your money in gold which is currently one of the worst performing classes since the paneldemic.

How brilliant of you...... 

Even China has sold off gold during the pandemic.....

After the upcoming pullback of BTC it will still have outperformed gold during the pandemic.

Feel better now?  lol

Blips are a speculative trading vehicle... that's all.  When a whale unloads, the price dumps.   

Banks do not hoard blips, they hoard gold and silver.

Gold WILL ALWAYS be a store of value and insurance against dollar devaluation and a financial system collapse.  It doesn't matter how much claptrap you post here, you cannot change 5000 years of history.   

Nobody here is buying 1 blipcoin for $19,000 - lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 21, 2020, 06:14:24 AM
Quote from: Mayday on November 21, 2020, 02:29:25 AM
Ummm that's why you read data to take educated moves.

I explained the crashes as the large holders must dump in order the achieve greater market penetration.

A pullback is going to happen shortly because it's part of the lifecycle. It's either going to pull back very shortly or it will instead ramp to around 25k and then dump to 16k.

After that, there will be another massive ramp, then a dump, ramp, dump and so on until enough market parti ipants are in to decrease the volatility and decrease the depth of the ramps and dumps. Pretty basic stuff.

"I explained"  ::)   

All getbiggers are required to kneel in the presence of the omnipotent idiot savant!     
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on November 21, 2020, 10:32:58 AM
Quote from: Mr Anabolic on November 20, 2020, 05:55:07 PM
Notice how these bliptards always comparing it to gold.  Even the visual representation of it is colored like a gold coin.  What does this tell you?

Nothing replaces gold... nothing.
Cash is superior to gold.  Gold is worthless until you cash it in.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 21, 2020, 11:22:50 AM
Quote from: Humble Narcissist on November 21, 2020, 10:32:58 AM
Cash is superior to gold. Gold is worthless until you cash it in.

Gold is a storage of wealth and protection from currency devaluation.  Cash is none of those things.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on November 21, 2020, 12:00:49 PM
Quote from: Mr Anabolic on November 21, 2020, 11:22:50 AM
Gold is a storage of wealth and protection from currency devaluation.  Cash is none of those things.
Foreign currency is also protection against devaluation of the dollar. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on November 21, 2020, 12:18:18 PM
I continue to see a slow devaluation of the US dollar.

Many signs are pointing to the collapse of the dollar. Much like in 1929, 1987 & 2008, we've created another debt bubble on so many levels (people, public & private businesses & government debt). We are showing signs of debt deleveraging (low rates, money printing, wealth redistribution & debt restructuring). Unemployment at an all-time high. The USA's debt-to-GDP ratio continues to grow. China joining a trade bloc with 14 other countries and the USA being left out. Recently, the Euro also became the most widely used currency for global payments last month. Not to mention that the US economy is showing signs of an implosion with only but the Fed keeping it on life-support via their QE most recently seen with over $2 Trillion used in purchasing US bonds to fund the stimulus payouts & PPP. Eviction rates slated to be astronomically high in the beginning of January 2021. The CAPE ratio being at an all time high with similar values only being seen prior to the crashes of 1929 & 1987. Not to mention that the rise of BitCoin almost at $20K makes me believe that more and more of the affluent Americans are fearing a collapse of the US Dollar and are seeking refuse via an alternate currency. It's ALL pointing to the fact that our economy might very soon go through another recession or, possibly even worse, a depression.

Now, contrary to prior beliefs I've held firm to, I am now slowly starting to believe that digital currency could very well have a place in the near future and become the major form of currency used both within the US and internationally. I am following the trail of money closer than ever and many signs are pointing towards that.

I think with the inception of SpaceX, the push towards global WiFi, 5G connectivity, NeuraLink etc, it's all pointing to the fact that there will be a need for a new global currency that is easier to do trade with than the US Dollar (not to mention that the attractive aspects of the dollar are fading away given the inflationary practices the FEDS keep taking part in, the lack of faith foreign nations are having with the US Dollar being the FIAT currency and obvious signs that the strength of the dollar is declining as recently seen with exchange rates between dollar & yuan becoming more narrowed). The time of this current world order (established in 1945 after WW2) looks to slowly be coming to an end and I think the next world order will probably be a conglomerate of sorts with a number of foreign players and the AI tech sector being deeply rooted in ALL things.

For now, I continue to diversify my asset portfolio by keeping my wealth distributed across: US & Foreign markets (via index funds), real estate investment properties & REITs, US & Corp bonds.

Sadly, I think the US economy is heading towards some type of catastrophe. I can't tell you the exact play-by-play, because there are so many possibilities, but it looks like this empire is turning the corner and not towards better times.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on November 21, 2020, 12:42:51 PM
Quote from: Mr Anabolic on November 20, 2020, 05:55:07 PM
Nothing replaces gold... nothing.

Geezus, calm down Peter Schiff.

While gold is a decent haven in case of currency inflation, it hasn't been performing all that well either.

I'm not saying we should all just hang our hats on BitCoin and forget about it, but you must agree Anabolic that all signs are pointing to a migration towards digital currency with a departure from paper currency and even gold as a haven.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on November 21, 2020, 03:02:23 PM
Quote from: OneMoreRep on November 21, 2020, 12:42:51 PM
Geezus, calm down Peter Schiff.

While gold is a decent haven in case of currency inflation, it hasn't been performing all that well either.

I'm not saying we should all just hang our hats on BitCoin and forget about it, but you must agree Anabolic that all signs are pointing to a migration towards digital currency with a departure from paper currency and even gold as a haven.

"1"


1. You should relocate to Kargoolie , gold mining region in Australia,  or perhaps hunt for opal in Coober Pedy !.

No places like that in the States !.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on November 21, 2020, 03:09:07 PM
Quote from: Humble Narcissist on November 21, 2020, 10:32:58 AM
Cash is superior to gold.  Gold is worthless until you cash it in.

Nope, gold (& silver) dollar is minted in Australia,Canada,US or golden Swiss francs !.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: epic is back on November 21, 2020, 09:13:29 PM
Quote from: Mr Anabolic on November 21, 2020, 11:22:50 AM
Gold is a storage of wealth and protection from currency devaluation.  Cash is none of those things.

Depends on which country you trade the gold for their paper cash

Getting the picture ?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 22, 2020, 02:07:33 AM
Quote from: OneMoreRep on November 21, 2020, 12:18:18 PM
I continue to see a slow devaluation of the US dollar.

Many signs are pointing to the collapse of the dollar. Much like in 1929, 1987 & 2008, we've created another debt bubble on so many levels (people, public & private businesses & government debt). We are showing signs of debt deleveraging (low rates, money printing, wealth redistribution & debt restructuring). Unemployment at an all-time high. The USA's debt-to-GDP ratio continues to grow. China joining a trade bloc with 14 other countries and the USA being left out. Recently, the Euro also became the most widely used currency for global payments last month. Not to mention that the US economy is showing signs of an implosion with only but the Fed keeping it on life-support via their QE most recently seen with over $2 Trillion used in purchasing US bonds to fund the stimulus payouts & PPP. Eviction rates slated to be astronomically high in the beginning of January 2021. The CAPE ratio being at an all time high with similar values only being seen prior to the crashes of 1929 & 1987. Not to mention that the rise of BitCoin almost at $20K makes me believe that more and more of the affluent Americans are fearing a collapse of the US Dollar and are seeking refuse via an alternate currency. It's ALL pointing to the fact that our economy might very soon go through another recession or, possibly even worse, a depression.

Now, contrary to prior beliefs I've held firm to, I am now slowly starting to believe that digital currency could very well have a place in the near future and become the major form of currency used both within the US and internationally. I am following the trail of money closer than ever and many signs are pointing towards that.

I think with the inception of SpaceX, the push towards global WiFi, 5G connectivity, NeuraLink etc, it's all pointing to the fact that there will be a need for a new global currency that is easier to do trade with than the US Dollar (not to mention that the attractive aspects of the dollar are fading away given the inflationary practices the FEDS keep taking part in, the lack of faith foreign nations are having with the US Dollar being the FIAT currency and obvious signs that the strength of the dollar is declining as recently seen with exchange rates between dollar & yuan becoming more narrowed). The time of this current world order (established in 1945 after WW2) looks to slowly be coming to an end and I think the next world order will probably be a conglomerate of sorts with a number of foreign players and the AI tech sector being deeply rooted in ALL things.

For now, I continue to diversify my asset portfolio by keeping my wealth distributed across: US & Foreign markets (via index funds), real estate investment properties & REITs, US & Corp bonds.

Sadly, I think the US economy is heading towards some type of catastrophe. I can't tell you the exact play-by-play, because there are so many possibilities, but it looks like this empire is turning the corner and not towards better times.

"1"

Nice to see an intelligent and well-written post here. (And for the conspiracy theorists, in advance, no OneMoreRep and myself are not the same person).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 22, 2020, 02:18:28 AM
Quote from: Teutonic Knight 1 on November 21, 2020, 03:02:23 PM

1. You should relocate to Kargoolie , gold mining region in Australia,  or perhaps hunt for opal in Coober Pedy !.

No places like that in the States !.

Well we have lots of "outback" places in the States, but yes not gold rich like parts of Down Under you have there in Western Australia.

Believe it or not, I actually have stake in a private company that has a gold mine in Kargoolie. I have been invited there many times, including to an annual mining networking event, but have never so far made it. I made that investment back in the late 1990's (when I was still rather young). Gold mining didn't do too well for us, and labor costs are crazy high. The mine is largely dormant/shuttered for now. The company then did a pivot a few years back into Lithium mining and acquired a fertile lithium land mining rights. That enabled it to raise a decent amount of cash, but everyone then jumped on the Lithium bandwagon and the price did not quite move as I had hoped as supply got ahead of demand. The value of my stake is now 6x the initial investment, so still ok although that's over 20 years, and with a falling $AUD. and I sold 1/4 of my share in the company during the Lithium fund raising. Never received a dividend but do get entertained very nicely whenever I meet up with the owners, usually once a year. Very funny people those mining types from that part of Australia.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on November 22, 2020, 02:51:56 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 22, 2020, 02:54:39 AM
Quote from: OneMoreRep on November 21, 2020, 12:42:51 PM
Geezus, calm down Peter Schiff.

While gold is a decent haven in case of currency inflation, it hasn't been performing all that well either.

LOL

Schiff had a hard on for silver back in 2011 and it was a pump and dump (which i did well from) and he still doesn't get it. Nor.do the gold bugs.

Gold is doing dick all because there is next to no inflation. Gold is also doing dick because QE doesn't flow into gold because global financial markets only care about the Dow.


Good move on the index fund. That is exactly what i would do and recommend. QE injections flow directly into the stockmarket. Index fund all the way.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on November 22, 2020, 02:58:17 AM
Quote from: Humble Narcissist on November 21, 2020, 10:32:58 AM
Cash is superior to gold.  Gold is worthless until you cash it in.

That goes for any commodity or cryptocurrency.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on November 22, 2020, 05:24:47 AM
Quote from: affeman on November 22, 2020, 02:58:17 AM
That goes for any commodity or cryptocurrency.
I know.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on November 22, 2020, 05:30:39 AM
Quote from: affeman on November 22, 2020, 02:58:17 AM
That goes for any commodity or cryptocurrency.

I heard that there are credit cards where you can pay in supermarkets etc with bitcoin?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on November 22, 2020, 05:47:58 AM
Quote from: FitnessFrenzy on November 22, 2020, 05:30:39 AM
I heard that there are credit cards where you can pay in supermarkets etc with bitcoin?

Yep, there were some at least lol

https://www.thecoinradar.com/tenx-ponzi-scheme/

(https://www.btc-echo.de/wp-content/uploads/2020/06/Copy-of-TenX-Visa-Card-1200x900.png)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 22, 2020, 05:58:20 AM
Quote from: FitnessFrenzy on November 22, 2020, 02:51:56 AM


PUMP IT UP BABY!... more FOMO's... until the last greater fool is in... then watch it dump.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on November 22, 2020, 06:05:10 AM
Quote from: Mr Anabolic on November 22, 2020, 05:58:20 AM
PUMP IT UP BABY!... more FOMO's... until the last greater fool is in... then watch it dump.

I always wonder, where does your money go when you buy cryptocurrencies. I mean, when you transfer 18k to buy one (imaginary) coin, who gets those 18k? Someone has to have your real money then, right? :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on November 22, 2020, 06:12:12 AM
Quote from: Mr Anabolic on November 22, 2020, 05:58:20 AM
PUMP IT UP BABY!... more FOMO's... until the last greater fool is in... then watch it dump.

Nothing like a small armed twink making 250k to agitate Getbiggers!  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 22, 2020, 06:27:21 AM
Quote from: affeman on November 22, 2020, 06:05:10 AM
I always wonder, where does your money go when you buy cryptocurrencies. I mean, when you transfer 18k to buy one (imaginary) coin, who gets those 18k? Someone has to have your real money then, right? :D

Same could be said for stocks, options, bonds, derivatives, etc.  Just digital electron blips in outer space. 

At least you can use federal reserve notes (cash) to start a fire or wipe your ass.  ;D   

Only gold and silver are real money, everything else is credit... said JP Morgan. 

Ammunition will soon be considered money too, like I mentioned 100+ pages ago.  This doesn't really matter to the Euro-peons who post here because they're not allowed to have guns... poor souls.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 22, 2020, 06:29:24 AM
Quote from: FitnessFrenzy on November 22, 2020, 06:12:12 AM
Nothing like a small armed twink making 250k to agitate Getbiggers!  :D

He's a peasant compared to the getbig bliptards like gib and mayday.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on November 22, 2020, 07:19:38 AM
Quote from: Mr Anabolic on November 22, 2020, 06:29:24 AM
He's a peasant compared to the getbig bliptards like gib and mayday.

gib won't even do a trade, unless it is at least 1000 bitcoins.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on November 22, 2020, 08:39:27 AM
Quote from: affeman on November 22, 2020, 06:05:10 AM
I always wonder, where does your money go when you buy cryptocurrencies. I mean, when you transfer 18k to buy one (imaginary) coin, who gets those 18k? Someone has to have your real money then, right? :D


either the exchange you are buying them on or a person on an exchange who makes a direct buy for your crypto, of which the the exchange takes a small fee for bartering the trade.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on November 22, 2020, 09:03:16 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on November 22, 2020, 11:00:31 AM
A small amount is fine as it makes it easier to withdraw from sports books and online casinos but I certainly would not invest a whole lot in cryptos.  One day you wake up and it all could be gone.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 22, 2020, 11:11:36 AM
Quote from: Humble Narcissist on November 22, 2020, 11:00:31 AM
A small amount is fine as it makes it easier to withdraw from sports books and online casinos but I certainly would not invest a whole lot in cryptos.  One day you wake up and it all could be gone.

Prudent risk management is a must.

I've read stories of people who sold/remortgaged their homes to go all in.  That was the last time blips hit 19K.  People also did the same thing during tulip bulb mania during the 1630's.  It's didn't turn out well for them.  They were also spending an entire year earnings for 1 tulip bulb.  Blips aren't there yet, but getting close.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 22, 2020, 11:23:05 AM
Quote from: FitnessFrenzy on November 22, 2020, 09:03:16 AM


No Mr. man... people are not buying blips because they worry about currency debasement, they are buying because they have FOMO and are thinking the price can't go anywhere except up. 

Greed and fear are the number one reasons why so many people lose money.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on November 22, 2020, 05:37:50 PM
Quote from: gib on November 22, 2020, 02:18:28 AM
Well we have lots of "outback" places in the States, but yes not gold rich like parts of Down Under you have there in Western Australia.

Believe it or not, I actually have stake in a private company that has a gold mine in Kargoolie. I have been invited there many times, including to an annual mining networking event, but have never so far made it. I made that investment back in the late 1990's (when I was still rather young). Gold mining didn't do too well for us, and labor costs are crazy high. The mine is largely dormant/shuttered for now. The company then did a pivot a few years back into Lithium mining and acquired a fertile lithium land mining rights. That enabled it to raise a decent amount of cash, but everyone then jumped on the Lithium bandwagon and the price did not quite move as I had hoped as supply got ahead of demand. The value of my stake is now 6x the initial investment, so still ok although that's over 20 years, and with a falling $AUD. and I sold 1/4 of my share in the company during the Lithium fund raising. Never received a dividend but do get entertained very nicely whenever I meet up with the owners, usually once a year. Very funny people those mining types from that part of Australia.

Tell us more about yours trip to Aussie Outback  :D !.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 22, 2020, 06:00:23 PM
Mr A, it warms my heart that after calling Bitcoin a bubble/ponzi scheme and advising people NOT TO BUY back in November 13, 2013, 05:1:42 PM when BTC was $381 per coin (and continuously like a broken record since then), that you are now expressing the view that Bitcoin will go higher and that we are not at the peak yet. What a turn around! We are making some good progress with you.

However, what you have done is the equivalent of making a kind of "half apology". If you are wrong, just man up, admit it, like JP Morgan, one of the world's most respected investment banks recently did:

https://www.zerohedge.com/crypto/jpmorgan-admits-it-was-wrong-about-end-bitcoin-bull-run-renews-140000-plus-price-forecast?

You have in the past been both small-minded, arrogant, closed-minded, conceited, stubborn, bigoted, pig-headed and obstinate in your refusal to accept reality, and until recently you simply continued over and over with attempts to produce "false objections" with regard to the validity of Bitcoin.

It is correct, that fear and greed can be key reasons that people lose money. And yet you have not learned your own lesson here, which is that your fear (which may have been a good trait in your investment background to date) is also exactly what caused you to make huge losses on the value of your cash as compared to the value of BTC over the last 7 years. I am sure, if you could turn back time, that you wished you would invested in BTC back when you claimed it was a bubble in 2013. Just like you will be wishing you had done so by buying now at 18K, when we are in the year 2030 (and you KNOW IT).

With regard to "fear" you have exemplified with your "self-bargaining" how much idiocy and misunderstanding exists which puts people off buying BTC, which over time will be demystified due to larger institutions legitimizing BTC. And this fear (and ignorance by the masses) is indeed one reason why we can have so much confidence that there is so much huge upside potential ahead. Some of your nonsense on your self bargaining has included:

-People can hack an exchange so its not safe.
-BTC is only used by bad people.
-The Government will shut it down.
-Its not "real" as to opposed to gold which is.
-Its not easy to buy it.
-It only has a short period of history.
-There is no limit on supply and can be infinitely produced.
-A FedCoin will lead to reduced demand for BTC.
-Transaction speed is too slow for mass adoption.
-The price is too volatile.
-Its not typically used to purchase things.
-It will be taxed.
-Its not anonymous.

And my absolute favorite:

-BTC disappears "when the electricity is turned off".

and on and on the nonsense goes.

A respectful and more dignified approach for an older person such as yourself, would have been to have a more open and enquiring mind, and to ask about these topics and then have someone explain them to you. What you instead did was to make these potential objections as statements of fact, which then resulted you looking stupid when they were debunked. That in turn provoked you to take an aggressive and hostile stance (name-calling, making deceitful misquotes of others, etc), which actually did nothing to address the substance of the objections you raised.

You do have the opportunity to change your stance. Ultimately that is part of the purpose of the discussion here. For us to help each other.

Let me conclude by asking you this. As you now think Bitcoin will go higher, given all your great skills of trading options and futures etc, please tell now us how much higher you think Bitcoin will now go? :) Oh and while you are at it, please also tell us whether you believe gold will outperform BTC in 2020, and well as over the next 5 years. Thank you.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 23, 2020, 04:41:29 AM
gib laying the smack down.

He is right Anabolic. You have been unbelievably wrong on so many things. Just like i said, your incorrect knowledge of how the monetary system functions will wind up with your predictions being way off.

Standing outside each day, saying it will rain you will eventually be right. But that is pointless if you ignore the 300 days of sunshine.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on November 23, 2020, 06:10:10 AM
Bitcoin shortage is real, and PayPal is the cause, Pantera Capital claims


PayPal’s entry into the cryptocurrency market could be having a dramatic impact on the Bitcoin (BTC) price.

In a newly published report, crypto investment firm Pantera Capital says a Bitcoin shortage is at the heart of the recent price surge and that the majority of newly minted BTC is being scooped up by PayPal.

PayPal’s new crypto service is “already having a huge impact,” Pantera claims, adding that the payment merchant is snatching up roughly 70% of all the new BTC in circulation.

Citing itBit data, Pantera claims:

    “When PayPal went live, volume started exploding. The increase in itBit volume implies that within four weeks of going live, PayPal is already buying almost 70% of the new supply of bitcoins.”

According to Pantera, the data suggest that PayPal and Cash App combined are buying up all of the newly-issued Bitcoin.

Bitcoin’s monetary policy is programmed to be deflationary over time. With widescale adoption, that leads to higher purchasing power and supply scarcity. Pantera claims it is the latter that is contributing to BTC’s parabolic surge.

PayPal launched its crypto trading services in the U.S. earlier this month, allowing customers to trade up to $20,000 a week. The platform will be rolled out globally in early 2021.

The online payment merchant has 300 million active users, which makes its foray into digital currency a major stepping stone for adoption.

https://cointelegraph.com/news/bitcoin-shortage-is-real-and-paypal-is-the-cause-pantera-capital-claims
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on November 23, 2020, 06:27:24 AM
Quote from: gib on November 22, 2020, 06:00:23 PM
Mr A, it warms my heart that after calling Bitcoin a bubble/ponzi scheme and advising people NOT TO BUY back in November 13, 2013, 05:1:42 PM when BTC was $381 per coin (and continuously like a broken record since then), that you are now expressing the view that Bitcoin will go higher and that we are not at the peak yet. What a turn around! We are making some good progress with you.

However, what you have done is the equivalent of making a kind of "half apology". If you are wrong, just man up, admit it, like JP Morgan, one of the world's most respected investment banks recently did:

https://www.zerohedge.com/crypto/jpmorgan-admits-it-was-wrong-about-end-bitcoin-bull-run-renews-140000-plus-price-forecast?

You have in the past been both small-minded, arrogant, closed-minded, conceited, stubborn, bigoted, pig-headed and obstinate in your refusal to accept reality, and until recently you simply continued over and over with attempts to produce "false objections" with regard to the validity of Bitcoin.

It is correct, that fear and greed can be key reasons that people lose money. And yet you have not learned your own lesson here, which is that your fear (which may have been a good trait in your investment background to date) is also exactly what caused you to make huge losses on the value of your cash as compared to the value of BTC over the last 7 years. I am sure, if you could turn back time, that you wished you would invested in BTC back when you claimed it was a bubble in 2013. Just like you will be wishing you had done so by buying now at 18K, when we are in the year 2030 (and you KNOW IT).

With regard to "fear" you have exemplified with your "self-bargaining" how much idiocy and misunderstanding exists which puts people off buying BTC, which over time will be demystified due to larger institutions legitimizing BTC. And this fear (and ignorance by the masses) is indeed one reason why we can have so much confidence that there is so much huge upside potential ahead. Some of your nonsense on your self bargaining has included:

-People can hack an exchange so its not safe.
-BTC is only used by bad people.
-The Government will shut it down.
-Its not "real" as to opposed to gold which is.
-Its not easy to buy it.
-It only has a short period of history.
-There is no limit on supply and can be infinitely produced.
-A FedCoin will lead to reduced demand for BTC.
-Transaction speed is too slow for mass adoption.
-The price is too volatile.
-Its not typically used to purchase things.
-It will be taxed.
-Its not anonymous.

And my absolute favorite:

-BTC disappears "when the electricity is turned off".

and on and on the nonsense goes.

A respectful and more dignified approach for an older person such as yourself, would have been to have a more open and enquiring mind, and to ask about these topics and then have someone explain them to you. What you instead did was to make these potential objections as statements of fact, which then resulted you looking stupid when they were debunked. That in turn provoked you to take an aggressive and hostile stance (name-calling, making deceitful misquotes of others, etc), which actually did nothing to address the substance of the objections you raised.

You do have the opportunity to change your stance. Ultimately that is part of the purpose of the discussion here. For us to help each other.

Let me conclude by asking you this. As you now think Bitcoin will go higher, given all your great skills of trading options and futures etc, please tell now us how much higher you think Bitcoin will now go? :) Oh and while you are at it, please also tell us whether you believe gold will outperform BTC in 2020, and well as over the next 5 years. Thank you.

I have nothing against Mr Anabolic, but you sir have described him in this post to a T.

And this is not just regarding Bitcoin, but pretty much anything else he preaches:

The Keto diet is bad for active people, and for pretty much everyone else too
The US is a banana republic
The US dollar is worthless
Investing in the stock market is stupid
No matter who wins the presidential election, there will be riots and looting all over the US like never before
Gold, silver, ammunition, tuna cans, and toilet paper are the only good investment

And so on, and so forth.  He's always right about everything, and everyone else is wrong, and if you prove him wrong he'll resort to insults and name calling.   ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on November 23, 2020, 10:44:58 AM
Interesting, Bitcoin is in free fall while XRP is up 20 % in the past 24 h. Is everyone leaving the sinking BTC ship and jumping on the XRP bandwagon now? :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on November 23, 2020, 10:49:15 AM
Quote from: affeman on November 23, 2020, 10:44:58 AM
Interesting, Bitcoin is in free fall while XRP is up 20 % in the past 24 h. Is everyone leaving the sinking BTC ship and jumping on the XRP bandwagon now? :D

bitcoin is down 0,6% in the last 24 hours. That is insignificant.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on November 23, 2020, 10:51:41 AM
Quote from: FitnessFrenzy on November 23, 2020, 10:49:15 AM
bitcoin is down 0,6% in the last 24 hours. That is insignificant.

 :D

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on November 23, 2020, 12:48:35 PM
Quote from: affeman on November 23, 2020, 10:44:58 AM
Interesting, Bitcoin is in free fall while XRP is up 20 % in the past 24 h. Is everyone leaving the sinking BTC ship and jumping on the XRP bandwagon now? :D
historically in bull runs, when btc flatlines or dips a little after a big run, alt coins fly because everyone jumps out of btc in to alts when alts play catchup, and vice versa.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on November 23, 2020, 07:32:35 PM
Quote from: affeman on November 23, 2020, 10:44:58 AM
Interesting, Bitcoin is in free fall while XRP is up 20 % in the past 24 h. Is everyone leaving the sinking BTC ship and jumping on the XRP bandwagon now? :D

Stupid money gonna stupid
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on November 23, 2020, 07:58:16 PM


No AC/DC = No btc  :'(


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on November 24, 2020, 12:54:24 AM
WTF - Ripple is EXPLODING !!! (+ 55% in 24h)

I bet many people this very moment are gonna take loans at the bank to buy Ripple, smart move, keep goin' :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on November 24, 2020, 01:09:24 AM
Quote from: affeman on November 23, 2020, 10:44:58 AM
Interesting, Bitcoin is in free fall while XRP is up 20 % in the past 24 h. Is everyone leaving the sinking BTC ship and jumping on the XRP bandwagon now? :D

BTC is a sinking ship? A free fall? I'm no expert but how can you say that when it's at it's highest all year. It was stuck forever at 15,000 and now it's at 18,692.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on November 24, 2020, 01:10:47 AM
Quote from: affeman on November 24, 2020, 12:54:24 AM
WTF - Ripple is EXPLODING !!! (+ 55% in 24h)

I bet many people this very moment are gonna take loans at the bank to buy Ripple, smart move, keep goin' :D

What's Ripple? I've really got to up my finance game or hand out with a different crowd. There is not a single person I know that has ever heard of Ripple.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on November 24, 2020, 01:11:59 AM
Quote from: pellius on November 24, 2020, 01:10:47 AM
What's Ripple? I've really got to up my finance game or hand out with a different crowd. There is not a single person I know that has ever heard of Ripple.

The 3rd biggest cryptocurrency behind BTC and ETH.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on November 24, 2020, 01:13:57 AM
Quote from: affeman on November 24, 2020, 01:11:59 AM
The 3rd biggest cryptocurrency behind BTC and ETH.

Who uses it and why would you want to over BTC?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on November 24, 2020, 01:37:56 AM
Quote from: pellius on November 24, 2020, 01:13:57 AM
Who uses it and why would you want to over BTC?

Noone "uses" or intends to "use" any cryptocurrency anyway. They're like stocks, only more volatile (or rather like a Casino, but instead of red/black you have to pick up/down lol).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on November 24, 2020, 01:42:59 AM
Quote from: affeman on November 24, 2020, 01:37:56 AM
Noone "uses" or intends to "use" any cryptocurrency anyway. They're like stocks, only more volatile (or rather like a Casino, but instead of red/black you have to pick up/down lol).

I'm no crypto person but even I use BTC to buy things over the net. Things like SARMS you have to pay in BTC or it becomes very complicated. All sources now have pretty much moved to BTC and offer it as an option. I'm sure other grey area/black market transaction are the same way.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on November 24, 2020, 01:52:41 AM
BTW, I keep a couple of grand in BTC in case I have to use it, and during this recent "free fall" and "sinking ship" phase I've sold about $600 worth just to use the cash for personal expenses. Every time it gets over a hundred and fifty or so I just use the cash for whatever and bring it down to $2,000 and then it goes back up again. I'm not an investor but it's just a convenient way for me to take care of stuff like car repairs/maintenance, shoes, new rice cooker, Garmin GPS... without really dipping into my real money. It did dip below $2,000 but now at this very moment it's at $2,137.67. It's just play money to me.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 24, 2020, 04:25:52 AM
Quote from: loco on November 23, 2020, 06:27:24 AM
I have nothing against Mr Anabolic, but you sir have described him in this post to a T.

And this is not just regarding Bitcoin, but pretty much anything else he preaches:

The Keto diet is bad for active people, and for pretty much everyone else too
The US is a banana republic
The US dollar is worthless
Investing in the stock market is stupid
No matter who wins the presidential election, there will be riots and looting all over the US like never before
Gold, silver, ammunition, tuna cans, and toilet paper are the only good investment

And so on, and so forth.  He's always right about everything, and everyone else is wrong, and if you prove him wrong he'll resort to insults and name calling.   ;D

I had no idea he was also like this on other topics! And I thought the continued references to tuna cans and ammo etc were in jest? (The gold and silver I think he was serious about.

I have nothing against him either. I have told him before, its all good. We are here to help each other. And he genuinely does want to help others. The problem however, are his various traits (which came out during this thread). I initially considered all sorts of possible objections against BTC before deciding it was a legit investment (and even then, as I have said many time), it does not fit my usual investment profile, nor does fine art, or gold. I always laughed at gold bugs, but after I got my head around BTC at the start of this thread I also acquired a little gold.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 24, 2020, 04:33:34 AM
Quote from: gib on November 22, 2020, 06:00:23 PM
Mr A, it warms my heart that after calling Bitcoin a bubble/ponzi scheme and advising people NOT TO BUY back in November 13, 2013, 05:1:42 PM when BTC was $381 per coin (and continuously like a broken record since then), that you are now expressing the view that Bitcoin will go higher and that we are not at the peak yet. What a turn around! We are making some good progress with you.

However, what you have done is the equivalent of making a kind of "half apology". If you are wrong, just man up, admit it, like JP Morgan, one of the world's most respected investment banks recently did:

https://www.zerohedge.com/crypto/jpmorgan-admits-it-was-wrong-about-end-bitcoin-bull-run-renews-140000-plus-price-forecast?

You have in the past been both small-minded, arrogant, closed-minded, conceited, stubborn, bigoted, pig-headed and obstinate in your refusal to accept reality, and until recently you simply continued over and over with attempts to produce "false objections" with regard to the validity of Bitcoin.

It is correct, that fear and greed can be key reasons that people lose money. And yet you have not learned your own lesson here, which is that your fear (which may have been a good trait in your investment background to date) is also exactly what caused you to make huge losses on the value of your cash as compared to the value of BTC over the last 7 years. I am sure, if you could turn back time, that you wished you would invested in BTC back when you claimed it was a bubble in 2013. Just like you will be wishing you had done so by buying now at 18K, when we are in the year 2030 (and you KNOW IT).

With regard to "fear" you have exemplified with your "self-bargaining" how much idiocy and misunderstanding exists which puts people off buying BTC, which over time will be demystified due to larger institutions legitimizing BTC. And this fear (and ignorance by the masses) is indeed one reason why we can have so much confidence that there is so much huge upside potential ahead. Some of your nonsense on your self bargaining has included:

-People can hack an exchange so its not safe.
-BTC is only used by bad people.
-The Government will shut it down.
-Its not "real" as to opposed to gold which is.
-Its not easy to buy it.
-It only has a short period of history.
-There is no limit on supply and can be infinitely produced.
-A FedCoin will lead to reduced demand for BTC.
-Transaction speed is too slow for mass adoption.
-The price is too volatile.
-Its not typically used to purchase things.
-It will be taxed.
-Its not anonymous.

And my absolute favorite:

-BTC disappears "when the electricity is turned off".

and on and on the nonsense goes.

A respectful and more dignified approach for an older person such as yourself, would have been to have a more open and enquiring mind, and to ask about these topics and then have someone explain them to you. What you instead did was to make these potential objections as statements of fact, which then resulted you looking stupid when they were debunked. That in turn provoked you to take an aggressive and hostile stance (name-calling, making deceitful misquotes of others, etc), which actually did nothing to address the substance of the objections you raised.

You do have the opportunity to change your stance. Ultimately that is part of the purpose of the discussion here. For us to help each other.

Let me conclude by asking you this. As you now think Bitcoin will go higher, given all your great skills of trading options and futures etc, please tell now us how much higher you think Bitcoin will now go? :) Oh and while you are at it, please also tell us whether you believe gold will outperform BTC in 2020, and well as over the next 5 years. Thank you.

Still no reply from you Mr A? Are we to take your silence to assume that your call is that BTC will still decline, and that gold will outperform blips?

(Henceforth, as BTC takes on higher denominations, I will only provide these new milestones every $1000.00 instead of every $100. (See, I am showing some mercy on you as I know how annoying you found this practice of mine. Now please, just don't turn off the power... :) )

Oh, and $19,000.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 24, 2020, 04:50:48 AM
Quote from: gib on November 24, 2020, 04:33:34 AM
Still no reply from you Mr A? Are we to take your silence to assume that your call is that BTC will still decline, and that gold will outperform blips?

(Henceforth, as BTC takes on higher denominations, I will only provide these new milestones every $1000.00 instead of every $100. (See, I am showing some mercy on you as I know how annoying you found this practice of mine. Now please, just don't turn off the power... :) )

Oh, and $19,000.
Ethereum is over $600. New milestone will be $1,000 and then a push beyond the ATH of $1,350. How high can it go? Proof of stake will push the price up.

I think Bitcoin might rally up to $100,000. But who knows. We'll just have to sit back and watch. I have substantial ETH and am waiting for the right moment to convert some to BTC. Back in 2017/2018 the ratio was 15 ETH for 1 BTC. Yesterday it was around 29 ETH for 1 BTC. I would convert if it went back to 15:1. Perhaps it never will go back to that ratio. Will have to see.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 24, 2020, 04:52:18 AM
I wonder what Peter Schiff is thinking right now. I suspect he will double down and insist on sticking with gold. Boy did he screw his customers with his advice.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 24, 2020, 05:52:01 AM
Bunch of little kiddies in here.  Enjoy your "nanny-nanny-boo-boo" victory lap.  It's all FOMO.

The OP claimed blips were going to $100,000, then $250,000, then $1,000,000... totally wrong.  If he truly believed this, he never would've sold them. 

I would bet that most of you posting in this thread don't even own any blips... if you do, it's a very small amount.  You ppl are acting like you just hit the powerball lottery, so ebullient! - lol

Blips will crash again, hard.  Mark my words.     
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 24, 2020, 06:18:56 AM
Quote from: loco on November 23, 2020, 06:27:24 AM
I have nothing against Mr Anabolic, but you sir have described him in this post to a T.

And this is not just regarding Bitcoin, but pretty much anything else he preaches:

The Keto diet is bad for active people, and for pretty much everyone else too
The US is a banana republic
The US dollar is worthless
Investing in the stock market is stupid
No matter who wins the presidential election, there will be riots and looting all over the US like never before
Gold, silver, ammunition, tuna cans, and toilet paper are the only good investment

And so on, and so forth.  He's always right about everything, and everyone else is wrong, and if you prove him wrong he'll resort to insults and name calling.   ;D

Damn, I never knew I took up so much parking space in your head.  lol

Of course you have something against me... why?... because you don't like the things I say here.  And because of that, you do you best to denigrate and belittle me.  You're doing exactly what you're accusing me of.  I've learned a long time ago, there is no debating with ppl like you or the OP. 

BTW, investing in the stock market is not stupid, it's all about cycles and timing.  I trade futures everyday and do very well, thank you.  PMs are insurance against inflation and financial system collapse, don't understand why you hate them so much.  Ammo prices have gone up 3-4x over the past 10 years.  Government officials are defunding police and allowing BLM/antifa communists to loot, riot and commit arson, pull down public statues and nothing is being done about it, police are standing down.  The entire system is corrupt from top to bottom.  Compared to 50 years ago... yes, the US is a banana republic.  What utopia world are you living in?... I'd love to move there.

I couldn't care a less if people agree with me and I don't seek validation from anyone here, I simply call things as I see them. 

I digress.  Let's keep this thread on topic.  Blips to the moon!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on November 24, 2020, 07:22:54 AM
Quote from: Mr Anabolic on November 24, 2020, 06:18:56 AM
Damn, I never knew I took up so much parking space in your head.  lol

Of course you have something against me... why?... because you don't like the things I say here.  And because of that, you do you best to denigrate and belittle me.  You're doing exactly what you're accusing me of.  I've learned a long time ago, there is no debating with ppl like you or the OP. 

BTW, investing in the stock market is not stupid, it's all about cycles and timing.  I trade futures everyday and do very well, thank you.  PMs are insurance against inflation and financial system collapse, don't understand why you hate them so much.  Ammo prices have gone up 3-4x over the past 10 years.  Government officials are defunding police and allowing BLM/antifa communists to loot, riot and commit arson, pull down public statues and nothing is being done about it, police are standing down.  The entire system is corrupt from top to bottom.  Compared to 50 years ago... yes, the US is a banana republic.  What utopia world are you living in?... I'd love to move there.

I couldn't care a less if people agree with me and I don't seek validation from anyone here, I simply call things as I see them. 

I digress.  Let's keep this thread on topic.  Blips to the moon!

Nah, I have nothing against you.  You are a prepper and a conspiracy theorist, but you are not a commie libtard so you are alright in my book.

But you are still a know it all who keeps making predictions that never come true.  You are always right about everything and everyone else is wrong, resorting to name calling and insults when you are proven wrong.

I only call BS when I see it regarding subjects I happen to be very familiar with.  If it's a subject I know little about, I keep quiet, listen and learn.  Have I argued with you about guns?  No, because you seem to be an expert on the subject and I know little about it.

And when it comes to the stock market, you are not an investor.  You are a speculator and you are gambling.  Glad you've had good luck.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 24, 2020, 07:27:22 AM
Quote from: loco on November 24, 2020, 07:22:54 AM
Nah, I have nothing against you.  You are a prepper and a conspiracy theorist, but you are not a commie libtard so you are alright in my book.

But you are still a know it all who keeps making predictions that never come true.  You are always right about everything and everyone else is wrong, resorting to name calling and insults when you are proven wrong.

I only call BS when I see it regarding subjects I happen to be very familiar with.  If it's a subject I know little about, I keep quiet, listen and learn.  Have I argued with you about guns?  No, because you seem to be an expert on the subject and I know little about it.

And when it comes to the stock market, you are not an investor.  You are a speculator and you are gambling.  Glad you've had good luck.

I have nothing against Mr Anabolic, but I must say, that in that post above, you have just perfectly described him to a T!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on November 24, 2020, 07:43:58 AM
Just stopping by to remind everyone that nobody knows who actually started BTC. Caveat emptor, haha.

Central banks are getting ready to roll out their own crypto, expanding this idea that the elites get real stuff while the common people get derivatives.

Expect another Mt. Gox moment soon that "proves" that only govt can issue "safe" currency.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 24, 2020, 08:16:51 AM
Quote from: SOMEPARTS on November 24, 2020, 07:43:58 AM
Just stopping by to remind everyone that nobody knows who actually started BTC. Caveat emptor, haha.

Central banks are getting ready to roll out their own crypto, expanding this idea that the elites get real stuff while the common people get derivatives.

Expect another Mt. Gox moment soon that "proves" that only govt can issue "safe" currency.

A few comments.

Nobody knows "who actually started gold" either. :)

OK - Well actually of course we do know how gold came about.

We also know who the key person behind the creation of Bitcoin was (ie - who was Santoshi). For those who don't know I will tell you. It was a man by the name of Adam Back. (But lets keep that our little secret, as for many reasons it benefits BTC to be perceived as an amorphous creation).

I have already explained why a currency controlled by a central bank cannot be compared to a decentralized currency such Bitcoin, and why over time we will see an even greater shift of wealth in the powers that be to BTC once they see more Government money being digitized. (Read prior posts).

Regarding Mt Gox, I already explained long ago, way towards the beginning of Mr A's journey of self-acceptance several years back, that no Bitcoin was ever "lost" when that exchange when down. Rather what happened is that BTC on the exchange was stolen. The Bitcoin that was stolen still exists, only now in the hands of the thieves (or with whom they have transacted with). Think great train robbers or pirates on ships stealing gold, back in the time when Mr A was a boy and people still lived in the analogue world and back when to more privative-minded people, money had to be something you could touch to be "real". (The lesson, as I explained at the time, from Mt Gox, was not to leave your Bitcoin on an exchange - put it into cold storage and HODL. The same applies to gold by the way. If you have gold in an ETF, or stored in a bank, you have counterparty risk).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 24, 2020, 08:29:18 AM
Quote from: loco on November 24, 2020, 07:22:54 AM
Nah, I have nothing against you.  You are a prepper and a conspiracy theorist, but you are not a commie libtard so you are alright in my book.

But you are still a know it all who keeps making predictions that never come true.  You are always right about everything and everyone else is wrong, resorting to name calling and insults when you are proven wrong.

I only call BS when I see it regarding subjects I happen to be very familiar with.  If it's a subject I know little about, I keep quiet, listen and learn.  Have I argued with you about guns?  No, because you seem to be an expert on the subject and I know little about it.

And when it comes to the stock market, you are not an investor.  You are a speculator and you are gambling.  Glad you've had good luck.

You've called plenty of ppl names/insults when you didn't agree with them.  Everyone here is guilty of that. 

I've been trading for 25 years.  The people that think trading is gambling have no experience and are just talking out of their asses.  I also have core, dividend paying positions that I do not trade.  The PMs I own are insurance.   

People here are so hung up on the short term (typical human behavior wanting instant gratification), but they aren't really paying attention to the big picture.  Have I really been "proven" wrong?  When blips crash to $10,000, would I be right or wrong?.. how about $5000, or $1000?

Based on past history and human behavior, I know in my gut that many things I've stated here will happen, sooner or later.  It's not possible to know the exact dates.   

There is a very good book that everyone here needs to read, it called: "Extraordinary Popular Delusions and the Madness of Crowds"- written in 1841.  Check it out. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 24, 2020, 08:30:45 AM
Quote from: gib on November 24, 2020, 07:27:22 AM
I have nothing against Mr Anabolic, but I must say, that in that post above, you have just perfectly described him to a T!

You two ought to get a room - lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 24, 2020, 08:33:16 AM
https://cointelegraph.com/news/stealth-phase-over-why-wall-street-fomo-will-make-20k-bitcoin-look-cheap

Wealthy zip-codes in New York and Silicon Valley drive BTC price.

While the public is largely unaware, several wealthy investors are heralding BTC as a new asset class. Paul Tudor Jones, Michael Saylor and Stanley Druckenmiller have made waves in 2020, revealing their positions in Bitcoin.

Do they realize something that the public did not in 2017? Was the average Joe simply too early then?

Jones said investing in BTC is like investing early in Apple stock. Saylor stated that his company, MicroStrategy, which bought up a total of $425 million in Bitcoin, will hold it for 100 years calling it “the world's best collateral.”

Meanwhile, Druckenmiller, the latest big-name Bitcoin convert, now argues that “If the gold bet works, the Bitcoin bet will probably work better.”

Gold is up just 23% in 2020 during a year of global economic upheaval, which is when this safe-haven metal was supposed to shine (pun intended).

But Bitcoin, or “digital gold,” has been stealing the show by gaining 125% year-to-date and up by almost 300% from its coronavirus-crash lows in March. What’s more, BTC’s market cap is just 2.36% of gold’s, which some long-term investors see as the best asymmetric risk-reward ratio bet in history.

What makes Bitcoin truly unique is that it doesn’t play by Wall Street’s rules. It’s software with its own set of rules. It is not a stock or an IPO. It’s a technology that’s open to all and voluntary to use. It has early adopters, not insiders. It has market cycles, not bailouts. It has existed for over a decade and grows stronger by the day.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 24, 2020, 08:36:48 AM
Quote from: gib on November 24, 2020, 08:16:51 AM
A few comments.

Nobody knows "who actually started gold" either. :)

OK - Well actually of course we do know how gold came about.

We also know who the key person behind the creation of Bitcoin was (ie - who was Santoshi). For those who don't know I will tell you. It was a man by the name of Adam Back. (But lets keep that our little secret, as for many reasons it benefits BTC to be perceived as an amorphous creation).

I have already explained why a currency controlled by a central bank cannot be compared to a decentralized currency such Bitcoin, and why over time we will see an even greater shift of wealth in the powers that be to BTC once they see more Government money being digitized. (Read prior posts).

Regarding Mt Gox, I already explained long ago, way towards the beginning of Mr A's journey of self-acceptance several years back, that no Bitcoin was ever "lost" when that exchange when down. Rather what happened is that BTC on the exchange was stolen. The Bitcoin that was stolen still exists, only now in the hands of the thieves (or with whom they have transacted with). Think great train robbers or pirates on ships stealing gold, back in the time when Mr A was a boy and people still lived in the analogue world and back when to more privative-minded people, money had to be something you could touch to be "real". (The lesson, as I explained at the time, from Mt Gox, was not to leave your Bitcoin on an exchange - put it into cold storage and HODL. The same applies to gold by the way. If you have gold in an ETF, or stored in a bank, you have counterparty risk).

"We don't know how gold came about?"  ::) ???  You're really laying it on thick now - lol   

Gold is created in supernova explosions.  It is very rare compared to other elements.  It does not tarnish and cannot be destroyed.  It has over 5000+ years of history as a store of value and money.

Knock off the bullshit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 24, 2020, 08:38:01 AM
Quote from: gib on November 24, 2020, 08:33:16 AM
https://cointelegraph.com/news/stealth-phase-over-why-wall-street-fomo-will-make-20k-bitcoin-look-cheap

Wealthy zip-codes in New York and Silicon Valley drive BTC price.

While the public is largely unaware, several wealthy investors are heralding BTC as a new asset class. Paul Tudor Jones, Michael Saylor and Stanley Druckenmiller have made waves in 2020, revealing their positions in Bitcoin.

Do they realize something that the public did not in 2017? Was the average Joe simply too early then?

Jones said investing in BTC is like investing early in Apple stock. Saylor stated that his company, MicroStrategy, which bought up a total of $425 million in Bitcoin, will hold it for 100 years calling it “the world's best collateral.”

Meanwhile, Druckenmiller, the latest big-name Bitcoin convert, now argues that “If the gold bet works, the Bitcoin bet will probably work better.”

Gold is up just 23% in 2020 during a year of global economic upheaval, which is when this safe-haven metal was supposed to shine (pun intended).

But Bitcoin, or “digital gold,” has been stealing the show by gaining 125% year-to-date and up by almost 300% from its coronavirus-crash lows in March. What’s more, BTC’s market cap is just 2.36% of gold’s, which some long-term investors see as the best asymmetric risk-reward ratio bet in history.

Why do you even care?... you said you sold it all around 16K a few years ago.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 24, 2020, 08:39:16 AM
I was joking at the idiocy of the post. Read my second line in the quote ...

"OK - Well actually of course we do know how gold came about."
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 24, 2020, 08:43:49 AM
Quote from: Mr Anabolic on November 24, 2020, 08:38:01 AM
Why do you even care?... you said you sold it all around 16K a few years ago.

I rebought, and announced it at the time I did. I sold off after the last interm peak, made 5x return over 6 months, and then rebought on the way back up (this time planning to HODL very long term).

But again, regardless of my purchases, or my net worth etc, the focus should be on the validity of Bitcoin as an investment, store of value, and hedge against what is coming in the future.

You cannot be so stupid as to not own some BTC in your portfolio. Come on Mr A, you are nearly there. You can do it. Let your stubbornness go, swallow you pride, and take the first step into the future.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 24, 2020, 08:49:41 AM
Quote from: gib on November 24, 2020, 08:43:49 AM
I rebought, and announced it at the time I did. I sold off after the last interm peak, made 5x return over 6 months, and then rebought on the way back up (this time planning to HODL very long term).

But again, regardless of my purchases, or my net worth etc, the focus should be on the validity of Bitcoin as an investment, store of value, and hedge against what is coming in the future.

You cannot be so stupid as to not own some BTC in your portfolio. Come on Mr A, you are nearly there. You can do it. Let your stubbornness go, swallow you pride, and take the first step into the future.

That's what you said before you sold almost all of them last time.  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on November 24, 2020, 08:55:29 AM
Quote from: gib on November 24, 2020, 08:16:51 AM
A few comments.

Nobody knows "who actually started gold" either. :)

OK - Well actually of course we do know how gold came about.

We also know who the key person behind the creation of Bitcoin was (ie - who was Santoshi). For those who don't know I will tell you. It was a man by the name of Adam Back. (But lets keep that our little secret, as for many reasons it benefits BTC to be perceived as an amorphous creation).

I have already explained why a currency controlled by a central bank cannot be compared to a decentralized currency such Bitcoin, and why over time we will see an even greater shift of wealth in the powers that be to BTC once they see more Government money being digitized. (Read prior posts).

Regarding Mt Gox, I already explained long ago, way towards the beginning of Mr A's journey of self-acceptance several years back, that no Bitcoin was ever "lost" when that exchange when down. Rather what happened is that BTC on the exchange was stolen. The Bitcoin that was stolen still exists, only now in the hands of the thieves (or with whom they have transacted with). Think great train robbers or pirates on ships stealing gold, back in the time when Mr A was a boy and people still lived in the analogue world and back when to more privative-minded people, money had to be something you could touch to be "real". (The lesson, as I explained at the time, from Mt Gox, was not to leave your Bitcoin on an exchange - put it into cold storage and HODL. The same applies to gold by the way. If you have gold in an ETF, or stored in a bank, you have counterparty risk).


I'm short on time to answer right now but all I can say is we need no confidence booster or reputation prop to know what gold is and that it is valuable. Technology is easy yes..but is a centralizing force that goes against natural law and common sense at this point.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on November 24, 2020, 09:00:13 AM
Quote from: Mr Anabolic on November 24, 2020, 08:29:18 AM
You've called plenty of ppl names/insults when you didn't agree with them.  Everyone here is guilty of that. 

I've been trading for 25 years.  The people that think trading is gambling have no experience and are just talking out of their asses.  I also have core, dividend paying positions that I do not trade.  The PMs I own are insurance.   

People here are so hung up on the short term (typical human behavior wanting instant gratification), but they aren't really paying attention to the big picture.  Have I really been "proven" wrong?  When blips crash to $10,000, would I be right or wrong?.. how about $5000, or $1000?

Based on past history and human behavior, I know in my gut that many things I've stated here will happen, sooner or later.  It's not possible to know the exact dates.   

There is a very good book that everyone here needs to read, it called: "Extraordinary Popular Delusions and the Madness of Crowds"- written in 1841.  Check it out.

You and I have disagreed on plenty of things.  When have I insulted you?

You've been gambling for 25 years.  Bravo.  Even Warren Buffet couldn't beat the S&P 500 index consistently, so he finally stopped trying and stopped talking about it, and instead advised others to invest in a low cost S&P 500 index fund.

Hung up on the short term?  I've promoted nothing but long term investing on these boards.

And where are all of the riots and looting you predicted many times would take place after the presidential election, no matter who won?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on November 24, 2020, 09:05:09 AM
Quote from: Mr Anabolic on November 24, 2020, 08:30:45 AM
You two ought to get a room - lol

Why?  I don't invest in bitcoin.

Ah, yes.  You believe people who call you out on your BS are all gay and should get a room.  You are never wrong, but everyone else is.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on November 24, 2020, 10:02:07 AM
$ 19,139.63
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on November 24, 2020, 12:05:34 PM
Quote from: gib on November 24, 2020, 08:39:16 AM
I was joking at the idiocy of the post. Read my second line in the quote ...

"OK - Well actually of course we do know how gold came about."


Vince have U bought any new Picassos for office walls !.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 24, 2020, 01:04:29 PM
Quote from: Teutonic Knight 1 on November 24, 2020, 12:05:34 PM

Vince have U bought any new Picassos for office walls !.

Those aren't Picassos on his wall, just old pictures of Vissy ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 24, 2020, 01:20:16 PM
Quote from: loco on November 24, 2020, 09:05:09 AM
Why?  I don't invest in bitcoin.

Ah, yes.  You believe people who call you out on your BS are all gay and should get a room. You are never wrong, but everyone else is.

It's a fukin joke - lol   You're truly an ignoramus.  Total waste of time trying to talk any sense or logic to you at all.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on November 24, 2020, 01:21:58 PM
Quote from: Mr Anabolic on November 24, 2020, 01:20:16 PM
You're truly ignorant.  Total waste of time trying to talk any sense or logic to you at all.

Yes, yes.  Everyone who disagrees with you is ignorant.  But you are such a genius.  Your mother must be proud.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 24, 2020, 01:22:41 PM
Quote from: loco on November 24, 2020, 01:21:58 PM
Yes, yes.  Everyone who disagrees with you is ignorant.  But you are such a genius.  Your mother must be proud.

Lots of insecurities in you pal... a lot. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on November 24, 2020, 01:26:09 PM
Quote from: Mr Anabolic on November 24, 2020, 01:22:41 PM
Lots of insecurities in you pal... a lot.

Says the guy hoarding ammo, tuna cans and toilet paper.

You predicted there would be riots and looting like never before after the presidential election, no matter who won.

Where are the riots, Mr Anabolic?  Where is the looting?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 24, 2020, 01:37:31 PM
Quote from: Griffith on November 24, 2020, 08:49:41 AM
That's what you said before you sold almost all of them last time.  :D

That's right.  The guy has lied many times during the course of this thread.  I've been steadfast and unwavering in my opinions and beliefs all the way through this thread.  All these bozos will ever say is "YOU WAS WRONG Mr A... so NANNY NANNY BOO BOO!"   I'm actually flattered to occupy so much space in their tiny little brains, they must think about me all day long.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 24, 2020, 01:38:20 PM
Quote from: loco on November 24, 2020, 01:26:09 PM
Says the guy hoarding ammo, tuna cans and toilet paper.

You predicted there would be riots and looting like never before after the presidential election, no matter who won.

Where are the riots, Mr Anabolic?  Where is the looting?

All coming.  Be patient little man.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on November 24, 2020, 01:40:02 PM
Quote from: Mr Anabolic on November 24, 2020, 01:38:20 PM
All coming.  Be patient little man.

(https://thumbs.gfycat.com/QuarterlyAdventurousGyrfalcon-max-1mb.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 24, 2020, 01:41:04 PM
Quote from: loco on November 24, 2020, 01:26:09 PM
Says the guy hoarding ammo, tuna cans and toilet paper.

You predicted there would be riots and looting like never before after the presidential election, no matter who won.

Where are the riots, Mr Anabolic?  Where is the looting?

I prefer hoarding wet wipes and disposable gloves. Takes up a lot less space and it keeps the ass as clean as whistle.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on November 24, 2020, 01:42:12 PM
Quote from: Flexacon on November 24, 2020, 01:41:04 PM
I prefer hoarding wet wipes and disposable gloves. Takes up a lot less space and it keeps the ass as clean as whistle.

Some prefer a bidet.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 24, 2020, 01:43:04 PM
Quote from: loco on November 24, 2020, 01:40:02 PM
(https://thumbs.gfycat.com/QuarterlyAdventurousGyrfalcon-max-1mb.gif)

LOTS of insecurities.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on November 24, 2020, 01:45:59 PM
Quote from: Mr Anabolic on November 24, 2020, 01:43:04 PM
LOTS of insecurities.

That hurts my feelings.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 24, 2020, 01:46:24 PM
Quote from: loco on November 24, 2020, 01:42:12 PM
Some prefer a bidet.

Billions use this

(https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcTmWh8Ql4CSdXBQXC4qpmjC5QTs1oPfvVTUZQ&usqp=CAU)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 24, 2020, 01:54:37 PM
Quote from: loco on November 24, 2020, 01:45:59 PM
That hurts my feelings.

No way, how that could hurt a keyboard tough guy like you who's sworn duty is to "call ppl out" and put them in their place over an anonymous internet forum? - lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on November 24, 2020, 02:33:26 PM
Quote from: Mr Anabolic on November 24, 2020, 01:54:37 PM
No way, how that could hurt a keyboard tough guy like you who's sworn duty is to "call ppl out" and put them in their place over an anonymous internet forum? - lol

If only we could all be as humble and as knowledgeable as Mr Anabolic.  Now that'd be something.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 24, 2020, 02:47:28 PM
Quote from: loco on November 24, 2020, 02:33:26 PM
If only we could all be as humble and as knowledgeable as Mr Anabolic.  Now that'd be something.

I state my views and opinions here and shoot for the hip.  For some reason this enrages you. 

Good.   ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on November 24, 2020, 02:50:15 PM
Quote from: Mr Anabolic on November 24, 2020, 02:47:28 PM
I state my views and opinions here and shoot for the hip.  For some reason this enrages you. 

Good.   ;D

I knew you'd be flattered, by yourself.

Where are the riots, Mr Anabolic?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 24, 2020, 04:12:13 PM
Quote from: Mr Anabolic on November 24, 2020, 08:29:18 AM
I've been trading for 25 years.  The people that think trading is gambling have no experience and are just talking out of their asses.  I also have core, dividend paying positions that I do not trade.  The PMs I own are insurance.   

People here are so hung up on the short term (typical human behavior wanting instant gratification), but they aren't really paying attention to the big picture.  Have I really been "proven" wrong?  When blips crash to $10,000, would I be right or wrong?.. how about $5000, or $1000?

Based on past history and human behavior, I know in my gut that many things I've stated here will happen, sooner or later.  It's not possible to know the exact dates.   

There is a very good book that everyone here needs to read, it called: "Extraordinary Popular Delusions and the Madness of Crowds"- written in 1841.  Check it out.

That's rich coming from you, a hardcore gold, silver, ammo, end of the world prepper......

As gib pointed out you have been banging on that BTC was shit @ 381 and now it's @ 19,100..... 50x your money. Go slap yourself.

I warned you about gold and silver but instead it appears you are going full retard.

Your entire understanding of the monetary system is all backwards (as it is for the 99% of people IMO) and as i said, your predictions will be wrong, and no, you can't operated on an infinite timeline so you can be proven correct LOL.

All of the things i mentioned about lack of inflation and debt mechanics are playing out right before your very eyes.

Look at your gold and silver charts for the last 6 months. Backwards! Gold is currently testing the 1800 support level. If that doesn't hold you are going back down to 1700....deflation of gold prices..... deflation of silver prices...... in the current environment which you claim is having massive inflation bordering on hyperinflation...... 

Look at consumer inflation. Backwards in Q2 and struggling to hold above 1%.

Look at interest rates, we are at ZIRP. Backwards!

Look at the leverage between the money supply and currency. Backwards!
 
Jesus, make it easy on yourself and chuck your money into an index fund to the Dow and let QE do all the work for you as it continues to fly upwards.


BTC has broken resistance and is about to start a run yet again. Once that run is over, it will have a pullback. Then it will have another run again, then a pullback, then a run, pullback and so on until it achieves enough market penetration to decrease the volatility. The environment isn't the same in 2020 as it was in 2018 and that's where you are going wrong.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 24, 2020, 06:48:48 PM
Quote from: Mr Anabolic on September 04, 2017, 05:58:25 AM
That comparison chart is a joke.  The bitcoin devotee who made that chart knows NOTHING about gold.  Gold beats bitcoin in every way.

... except that what happened was the opposite - Bitcoin has BY FAR outperformed gold. :)

And what's more, not only is BTC outperforming gold, but price directions are diverging. A 1% gold holding gold being moved into BTC is leading to a much larger bump in BTC relative to gold, due to BTC's smaller market cap. As a result we actually have recently seen gold slowly falling, and BTC rising strongly. That is the reality of what is going on. Almost any hedge fund, bank, HNW etc are increasing their % holding of BTC relative to gold. (Again easy to do, given the much lower allocation base BTC is coming from). Some don't even have a BTC allocation yet, but you can bet your stubborn ass they are looking at doing so.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on November 24, 2020, 08:34:45 PM
Quote from: gib on November 24, 2020, 06:48:48 PM
but you can bet your stubborn ass they are looking at doing so.

 ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on November 24, 2020, 09:33:13 PM
Quote from: gib on November 24, 2020, 06:48:48 PM

... except that what happened was the opposite - Bitcoin has BY FAR outperformed gold. :)




a) Can I get Thai pussy in Bangkok with imagination (aka bitcoins)   ;)

b) Vince, name just 1 getbigger who would give you $ 10K in cash for 1 of those "coins"  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on November 24, 2020, 10:42:23 PM
Quote from: Teutonic Knight 1 on November 24, 2020, 09:33:13 PM


a) Can I get Thai pussy in Bangkok with imagination (aka bitcoins)   ;)

b) Vince, name just 1 getbigger who would give you $ 10K in cash for 1 of those "coins"  ;D

I would take 100btc off him right  now if he was selling for 10k a coin.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Methyl m1ke on November 24, 2020, 10:49:19 PM
Say you had 5k to invest right now, is btc the way to go or low index stocks? Looking for maximum return here.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 24, 2020, 11:22:58 PM
Quote from: Methyl m1ke on November 24, 2020, 10:49:19 PM
Say you had 5k to invest right now, is btc the way to go or low index stocks? Looking for maximum return here.

BTC will have a pullback shortly. You could buy in at 16k on the bottom most likely.

My milestones are 2021, 2023 and 2030.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 24, 2020, 11:34:14 PM
Quote from: SOMEPARTS on November 24, 2020, 07:43:58 AM
Central banks are getting ready to roll out their own crypto, expanding this idea that the elites get real stuff while the common people get derivatives.

Expect another Mt. Gox moment soon that "proves" that only govt can issue "safe" currency.

I'll explain this one again.

The current QE injects money from the top straight into the banks. This is to stabilise the financial markets.

There is currently no method of QE into the general public. Instead this is done via stimulus packages that go through the senate and politicians fuck around with it. Once approved, the stimulus package is delivered to your bank accounts.

The intent of the new digital coins is to replace the above stimulus packages and remove money supply decisions from the politicians. This is the form that universal basal income will take on. It will function just like the digital money in your bank account. It is still part of the expansionary and leveraged system we use today. It allows the central banks to have more direct control over the money supply and the economy.

It is not the same as the crypto industry which is a fixed supply and regulated on exchanges just like commodities.

I hope that helps. Ask me any questions and i'm happy to help further if you need it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 25, 2020, 04:40:20 AM
Quote from: Mayday on November 24, 2020, 11:34:14 PM
I'll explain this one again.

I hope that helps. Ask me any questions and i'm happy to help further if you need it.

Hold on mayday... this qualifies you as a: "never wrong about anything/know it all".

Go get him Loco... "call him out"...  sick 'em boy!       :-*

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on November 25, 2020, 04:49:27 AM
Quote from: Methyl m1ke on November 24, 2020, 10:49:19 PM
Say you had 5k to invest right now, is btc the way to go or low index stocks? Looking for maximum return here.

5000 isn't much. Either put it in an index fund and don't look at it for 10 years or wait for the next crypto dip.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 25, 2020, 05:09:37 AM
Quote from: Teutonic Knight 1 on November 24, 2020, 09:33:13 PM


a) Can I get Thai pussy in Bangkok with imagination (aka bitcoins)   ;)

b) Vince, name just 1 getbigger who would give you $ 10K in cash for 1 of those "coins"  ;D

They would accept gold as payment though  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 25, 2020, 05:11:50 AM
Quote from: Methyl m1ke on November 24, 2020, 10:49:19 PM
Say you had 5k to invest right now, is btc the way to go or low index stocks? Looking for maximum return here.

If you do not yet have any Bitcoin, it would be a very good idea to put that 5K into BTC, and HODL away for life. You will be thankful for doing so in the years to come.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 25, 2020, 05:12:49 AM
Please all watch this video from Wigges's mulatto half brother...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on November 25, 2020, 05:51:05 AM
Quote from: Mr Anabolic on November 25, 2020, 04:40:20 AM
Hold on mayday... this qualifies you as a: "never wrong about anything/know it all".

Go get him Loco... "call him out"...  sick 'em boy!   :-*

No, it doesn't.

Where are the riots, Mr Anabolic?  Where's the looting?

(https://thumbs.gfycat.com/QuarterlyAdventurousGyrfalcon-max-1mb.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 25, 2020, 05:54:25 AM
Quote from: loco on November 25, 2020, 05:51:05 AM
No, it doesn't.

Go 'em boy... call em ALL out!... sick 'em! 

(https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fcbsnews3.cbsistatic.com%2Fhub%2Fi%2Fr%2F2014%2F05%2F18%2F83d2348a-1a7c-41e2-b98e-5ae633b2323a%2Fthumbnail%2F1200x630%2F1fe7e40dc942c9837725bdc7dfe494a4%2Fdogattack697943.jpg&f=1&nofb=1)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 25, 2020, 05:57:40 AM
Quote from: loco on November 24, 2020, 02:50:15 PM
I knew you'd be flattered, by yourself.

Go em boy... ATTACK!

(https://external-content.duckduckgo.com/iu/?u=http%3A%2F%2Fwww.michigandogbitelawyer.org%2Fwp-content%2Fuploads%2F2013%2F07%2Fdog-barking-00134252.jpg&f=1&nofb=1)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on November 25, 2020, 05:58:39 AM
Waiting for Mr Anabolic's predictions that never happened

(https://imgflip.com/s/meme/Waiting-Skeleton.jpg)


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 25, 2020, 06:07:15 AM
Quote from: loco on November 25, 2020, 05:58:39 AM
Waiting for Mr Anabolic's predictions that never happened

GO GET 'EM BOY!... all the ones you don't like and disagree with... CALL 'EM ALL OUT!  Getbig's rabid guard dog... WOOF!   

(https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fwww.habbaspilaw.com%2Fwp-content%2Fuploads%2F2011%2F04%2Fbigstock-Vicious-Dog-5626852.jpg&f=1&nofb=1)

 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on November 25, 2020, 06:09:18 AM
Nice dog pics.  I like them.  Please post more.

Where're the riots, Mr Catabolic?  Where's the looting?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 25, 2020, 06:14:15 AM
Quote from: loco on November 25, 2020, 06:09:18 AM
Nice dog pics.  I like them.  Please post more.

A much more representative depiction of getbig's 'CALL YOU OUT' tough guy...

(https://external-content.duckduckgo.com/iu/?u=http%3A%2F%2Fi.huffpost.com%2Fgen%2F734181%2Fthumbs%2Fo-PORCUPINEDOGNEEDLES-570.jpg%3F4&f=1&nofb=1)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on November 25, 2020, 06:20:41 AM
Poor little guy.

Way to avoid the subject.  How about you man up and admit you were wrong?

Riots?  Looting?  Where?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 25, 2020, 06:25:11 AM
Quote from: loco on November 25, 2020, 06:09:18 AM
Where're the riots, Mr Catabolic?

No... you never call anyone names or insult anyone here - lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on November 25, 2020, 06:27:05 AM
Quote from: Mr Anabolic on November 25, 2020, 06:25:11 AM
No... you never call anyone names or insult anyone here - lol

Oh, is that your real name?  I apologize.  Never meant offend you or hurt your feelings.

Riots?  Looting?  Where?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 25, 2020, 06:28:52 AM
Quote from: loco on November 25, 2020, 06:20:41 AM
Poor little guy.

lol - definitely not poor. 

Okay, I think I'm done playing with you for today.  Markets open.  Time to make some $.  Maybe I'll come back after 4pm and play with you some more.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on November 25, 2020, 06:32:16 AM
Quote from: Mr Anabolic on November 25, 2020, 06:28:52 AM
lol - definitely not poor. 

Okay, I think I'm done playing with you for today.  Markets open.  Time to make some $.  Maybe I'll come back after 4pm and play with you some more.

I'm flattered, but I don't swing that way.

Good luck with your speculating and gambling!

Where are the riots, Mr Anabolic?  Where's the looting?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on November 25, 2020, 06:33:43 AM
Quote from: Mr Anabolic on November 25, 2020, 06:28:52 AM
lol - definitely not poor. 

Okay, I think I'm done playing with you for today.  Markets open.  Time to make some $.  Maybe I'll come back after 4pm and play with you some more.

Look out folks, looks like we got ourselves another "Wall Street Wizard" here  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on November 25, 2020, 06:40:55 AM
Quote from: polychronopolous on November 25, 2020, 06:33:43 AM
Look out folks, looks like we got ourselves another "Wall Street Wizard" here  :D

Now that you mention it, I've had this hunch that Mr. Anabolic is another Neurotoxin (Mons Venus) gimmick account.  Their unmatched prophetic gift and exceptional investing skills are very similar.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 25, 2020, 06:52:08 AM
Quote from: loco on November 25, 2020, 06:27:05 AM
Oh, is that your real name?  I apologize.  Never meant offend you or hurt your feelings.

Riots?  Looting?  Where?

I probably shouldn't do it, but I'll indulge you...
 
Yes, riots/looting/arson will happen again.  You believe BLM and antifa are finished?  A Biden victory and the cold weather put a damper on it.  If Trump had won, riots would be happening right now regardless of the weather.  When the next black hoodlum gets killed by a cop, they'll get right back to it.  What happened this year so far was just a warm up.

I'll take a wild guess you're reply is going to be:
"BS!... you're always wrong and you think you're always right!"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 25, 2020, 06:58:30 AM
Quote from: polychronopolous on November 25, 2020, 06:33:43 AM
Look out folks, looks like we got ourselves another "Wall Street Wizard" here  :D

No a wiz by any means.  You said that I didn't. 

All this vitriol and hate just because I voice my opinions on blipcoins and other things.  lol

Bunch of very insecure and immature children in here. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on November 25, 2020, 06:58:43 AM
Quote from: Mr Anabolic on November 25, 2020, 06:52:08 AM
I probably shouldn't do it, but I'll indulge you...
 
Yes, riots/looting/arson will happen again.  You believe BLM and antifa are finished?  A Biden victory and the cold weather put a damper on it.  If Trump had won, riots would be happening right now regardless of the weather.  When the next black hoodlum gets killed by a cop, they'll get right back to it.  What happened this year so far was just a warm up.

I'll take a wild guess you're reply is going to be:
"BS!... you're always wrong and you think you're always right!"

Back so soon?  That was quick.

Yes, everyone knows that.  That's how it has been, and how it will be, just like the stock market going up and down.

However, that wasn't your prediction.  Your prediction was that there would be riots and looting like never before after the presidential election, no matter who won.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on November 25, 2020, 07:03:00 AM
Quote from: Mr Anabolic on November 25, 2020, 06:58:30 AM
No a wiz by any means.  You said that I didn't. 

All this vitriol and hate just because I voice my opinions on blipcoins and other things.  lol

Bunch of very insecure and immature children in here.

You mean like all the vitriol and hate you showed on the Keto diet thread and on some other thread regarding long term passive investing in stock and bond index funds?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 25, 2020, 07:04:13 AM
Quote from: loco on November 25, 2020, 06:58:43 AM
Back so soon?  That was quick.

Yes, everyone knows that.  That's how it has been, and how it will be, just like the stock market going up and down.

However, that wasn't your prediction. Your prediction was that there would be riots and looting like never before after the presidential election, no matter who won.

I never gave an exact date of when riots would happen.  That's what you're so hung up on?  lol

You're just trolling.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 25, 2020, 07:06:26 AM
Quote from: loco on November 25, 2020, 07:03:00 AM
You mean like all the vitriol and hate you showed on the Keto diet thread and on some other thread regarding long term passive investing in stocks and bonds?

What??? - lol  Prove it.  Even if I did... why do care so much?  What a wacko.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on November 25, 2020, 07:08:58 AM
Quote from: Mr Anabolic on November 25, 2020, 07:06:26 AM
What??? - lol  Prove it.  Even if I did... why do care so much?  What a wacko.

Really?  Having memory problems too old man?

And why would you care so much about the vitriol and hate on this thread, you wacko?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 25, 2020, 07:13:54 AM
Quote from: loco on November 25, 2020, 07:08:58 AM
Really?  Having memory problems too old man?

And why would you care about the vitriol and hate on this thread, you wacko?

You're having some type of mental break down right now.  Get help.   
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on November 25, 2020, 07:15:42 AM
Quote from: Mr Anabolic on November 25, 2020, 07:13:54 AM
You're having some type of mental break down right now.  Get help.

Nah, apparently you are the one who needs to get checked for dementia.  I really do hope you don't have it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 25, 2020, 07:16:23 AM
Quote from: loco on November 25, 2020, 07:15:42 AM
Nah, apparently you are the one who needs to get checked for dementia.  I really do hope you don't have it.

... 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on November 25, 2020, 07:18:38 AM
Quote from: Mr Anabolic on November 25, 2020, 07:16:23 AM
...

You are welcome!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 25, 2020, 08:00:50 AM
Quote from: loco on November 25, 2020, 07:18:38 AM
You are welcome!

...

Daddy abuse you when you were a kid?  I think so.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on November 25, 2020, 08:06:28 AM
Quote from: Mr Anabolic on November 25, 2020, 08:00:50 AM
...

Daddy abuse you when you were a kid?  I think so.

And you have the nerve to call people on this thread childish.  LOL   :D

Sadly, many kids around the world are indeed abused, some by their own parents or by other family members.

I am fortunate to never have suffered such tragedy and I was blessed with wonderful parents.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: epic is back on November 25, 2020, 11:38:43 AM
You guys want to know something funny yet not surprising

Our resident compulsive liar Melvin goodgums

Remember how he would try to give financial advice to people ?

Bitcoin is at 19 k

If he had even 1 coin

He would be bragging here about his new 1997  Pontiac firebird he bought

Funny guy that Melvin
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 25, 2020, 08:21:01 PM
Quote from: loco on November 25, 2020, 07:03:00 AM
You mean like all the vitriol and hate you showed on the Keto diet thread and on some other thread regarding long term passive investing in stock and bond index funds?

Where is the Keto diet thread? I would like to read that. (I had no idea Mr A's behavior also extended to other topics).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 25, 2020, 08:23:16 PM
Apart from his Bitcoin predictions, Mr A was also obsessed with the US stock market being in a bubble and about to crash. He called the market a bubble and about to crash in 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017,2018, 2019, and 2020.

He actually was right in 2020...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 25, 2020, 08:24:03 PM
--- Oh, now wait a minute, no he wasn't. US markets have just hit an all time high. :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Methyl m1ke on November 25, 2020, 08:47:21 PM
Quote from: Mayday on November 24, 2020, 11:22:58 PM
BTC will have a pullback shortly. You could buy in at 16k on the bottom most likely.

My milestones are 2021, 2023 and 2030.

You are advising to wait until the value drops to 16k got it ty
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Methyl m1ke on November 25, 2020, 08:49:11 PM
Quote from: a_pupil on November 25, 2020, 04:49:27 AM
5000 isn't much. Either put it in an index fund and don't look at it for 10 years or wait for the next crypto dip.

5k is a lot to some people. Thanks for the advice.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Methyl m1ke on November 25, 2020, 08:51:48 PM
Quote from: Mr Anabolic on November 25, 2020, 06:52:08 AM
I probably shouldn't do it, but I'll indulge you...
 
Yes, riots/looting/arson will happen again.  You believe BLM and antifa are finished?  A Biden victory and the cold weather put a damper on it.  If Trump had won, riots would be happening right now regardless of the weather.  When the next black hoodlum gets killed by a cop, they'll get right back to it.  What happened this year so far was just a warm up.

I'll take a wild guess you're reply is going to be:
"BS!... you're always wrong and you think you're always right!"

You are forgetting the fact that the msm will make sure tge general public never hears about said hoodlum being shot.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on November 26, 2020, 12:19:00 AM
So btc took a huge dump. It's amazing how fast it can fall.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on November 26, 2020, 12:34:18 AM
Verge coin in the last 24 hours:

XVG
   
$0.005744

- 36.91%
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 26, 2020, 12:52:23 AM
Quote from: pellius on November 26, 2020, 12:19:00 AM
So btc took a huge dump. It's amazing how fast it can fall.

A new global store of value like BTC is of course going to have short term volatile movements, both up and down, on its transition to global and broad adoption. But don't confuse volatility with an asset being a bad investment (a mistake that Ma A fell into during the early stages of his BTC acceptance journey). Over a 10 year horizon, the recent "huge dump" is going to be an almost imperceptible blip. Even that 2018 big correction will barely be noticeable. Do yourself a favor. Buy and HODL. Do not trade. You will thank me.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on November 26, 2020, 01:11:37 AM

Only for Vince : Google - Australia's lost gold, legend of Lasseter's reef  ;)




Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 26, 2020, 01:31:13 AM
Quote from: pellius on November 26, 2020, 12:19:00 AM
So btc took a huge dump. It's amazing how fast it can fall.

Volatility. Everyone picks on a 50% fall but they forget abojt a 100% rise.

It's a problem if you day trade.

If you are long term outlook like me, you don't worry about it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 26, 2020, 01:50:42 AM
Quote from: Mayday on November 26, 2020, 01:31:13 AM
Volatility. Everyone picks on a 50% fall but they forget abojt a 100% rise.

It's a problem if you day trade.

If you are long term outlook like me, you don't worry about it.

Exactly.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 26, 2020, 01:58:01 AM
Can someone send the keto thread I have heard so much about please?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on November 26, 2020, 02:33:48 AM
Quote from: Mayday on November 26, 2020, 01:31:13 AM
Volatility. Everyone picks on a 50% fall but they forget abojt a 100% rise.

It's a problem if you day trade.

If you are long term outlook like me, you don't worry about it.

But I was just about to buy some meth on the dark web but now I don't have enough funds in BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on November 26, 2020, 05:23:18 AM
Quote from: gib on November 26, 2020, 01:58:01 AM
Can someone send the keto thread I have heard so much about please?

The New Low Carb Trend
http://www.getbig.com/boards/index.php?topic=665670.msg9403983#msg9403983


Carnivore, Vegan, Keto, Vegetarian, Fruitarian... What?
http://www.getbig.com/boards/index.php?topic=665546.msg9399188#msg9399188


Getbig PHD Economists, help explain something to me
http://www.getbig.com/boards/index.php?topic=667956.msg9457027#msg9457027
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 26, 2020, 11:26:51 PM
Quote from: loco on November 26, 2020, 05:23:18 AM
The New Low Carb Trend
http://www.getbig.com/boards/index.php?topic=665670.msg9403983#msg9403983


Carnivore, Vegan, Keto, Vegetarian, Fruitarian... What?
http://www.getbig.com/boards/index.php?topic=665546.msg9399188#msg9399188


Getbig PHD Economists, help explain something to me
http://www.getbig.com/boards/index.php?topic=667956.msg9457027#msg9457027

Hillarious. Thank you.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 26, 2020, 11:27:24 PM
Quote from: Mr Anabolic on September 04, 2017, 08:26:09 AM

Me thinks $5000 was THE top.  Let's see if I'm right.

Ah, no buddy. You were NOT right.

(In fact you were remarkably wrong...)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on November 27, 2020, 12:53:53 AM
(https://www.aljazeera.com/wp-content/uploads/2020/11/814x-1-1.jpg?w=770&resize=770%2C432)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Methyl m1ke on November 27, 2020, 01:03:26 AM
So buy at 15k or no?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on November 27, 2020, 02:01:47 AM
Quote from: Methyl m1ke on November 27, 2020, 01:03:26 AM
So buy at 15k or no?

Many people have an opinion, but I still can't determine what a fair value is for a bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: epic is back on November 27, 2020, 02:03:10 AM
You don’t have 15 k mike

Who asks strangers how to invest even if they did have 15 k disposable cash?

The thing about drugs is your the last one to see how your perceived

Go to rehab bro

Or jail

You can get clean you still have lots of life left
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 27, 2020, 02:06:10 AM
Quote from: Methyl m1ke on November 27, 2020, 01:03:26 AM
So buy at 15k or no?

BTC had support at 16k and 13k. If it breaks support at 16k it'll probably dip to the 13k level.

it'll be a very quick bounce though. Feb is when Paypal goes live with btc so we know a rally in Jan is on the cards anyway.

I'm eyeing XRP and will be watching to see if it breaks support and dips below 0.30.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Methyl m1ke on November 27, 2020, 02:13:34 AM
I wont even pretend to know anything about investing but bryan micon was talking about bitcoins 10 years ago and i wish i had invested then and now that i actually have something to invest with i want in before another ten years goes by and im sitting here with more regrets.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Methyl m1ke on November 27, 2020, 02:15:53 AM
Quote from: epic is back on November 27, 2020, 02:03:10 AM
You don’t have 15 k mike

Who asks strangers how to invest even if they did have 15 k disposable cash?

The thing about drugs is your the last one to see how your perceived

Go to rehab bro

Or jail

You can get clean you still have lots of life left

You are an unhappy strange person and delusional if you think anything you say to me or about me has any effect on me. I bid you good day.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 27, 2020, 02:20:58 AM
Quote from: Methyl m1ke on November 27, 2020, 02:13:34 AM
I wont even pretend to know anything about investing but bryan micon was talking about bitcoins 10 years ago and i wish i had invested then and now that i actually have something to invest with i want in before another ten years goes by and im sitting here with more regrets.

Go long and you will be fine. If you try and play dips you could really burn yourself.

The other alternative is an index fund to the Dow.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Methyl m1ke on November 27, 2020, 02:30:50 AM
Quote from: Mayday on November 27, 2020, 02:20:58 AM
Go long and you will be fine. If you try and play dips you could really burn yourself.

The other alternative is an index fund to the Dow.

An index fund with 5k what could I possibly gain say in a year and could i lose it all?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 27, 2020, 02:43:40 AM
Quote from: Methyl m1ke on November 27, 2020, 02:30:50 AM
An index fund with 5k what could I possibly gain say in a year and could i lose it all?

QE goes into increasing the DOW. It's safe for now while they prop it up.

End of 2021 Dow to 40k.

End of 2021 BTC 40k-60k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on November 27, 2020, 03:16:29 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on November 27, 2020, 08:57:32 AM
Quote from: Mayday on November 27, 2020, 02:06:10 AM
BTC had support at 16k and 13k. If it breaks support at 16k it'll probably dip to the 13k level.

it'll be a very quick bounce though. Feb is when Paypal goes live with btc so we know a rally in Jan is on the cards anyway.

I'm eyeing XRP and will be watching to see if it breaks support and dips below 0.30.


Paypal lost a ton of revenue with eBay quitting them as their only funding source. If they were smart they would just make their own coin that had decent technology, they have fresh money coming in on the transaction side...seems like a no brainer...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 27, 2020, 08:59:38 AM
Quote from: SOMEPARTS on November 27, 2020, 08:57:32 AM

Paypal lost a ton of revenue with eBay quitting them as their only funding source. If they were smart they would just make their own coin that had decent technology, they have fresh money coming in on the transaction side...seems like a no brainer...

Yes, that would actually be used for payments and would be worth it for the millions of people already using Paypal.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on November 27, 2020, 09:12:43 AM
Quote from: Mayday on November 27, 2020, 02:20:58 AM
Go long and you will be fine. If you try and play dips you could really burn yourself.

The other alternative is an index fund to the Dow.

Going long? lol The Google Quantum computers are basically in the wings and will make the whole blockchain technology pretty much worhtless from one day to the next.

There was a window of a few years when you were able to make good money of Bitcoin, it's over now. Find something else.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on November 27, 2020, 10:12:49 AM
Quote from: Griffith on November 27, 2020, 08:59:38 AM
Yes, that would actually be used for payments and would be worth it for the millions of people already using Paypal.



Exactly. The fact that they are not doing it would suggest further to me that a fed reserve issued coin is imminent.

The war on(untraceable) physical cash this year is part of this whole covid control tool. Signs at stores saying they don't have that dirty, virus spreading change(sarc) was a clue.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: epic is back on November 27, 2020, 10:39:09 AM
Quote from: Methyl m1ke on November 27, 2020, 02:30:50 AM
An index fund with 5k what could I possibly gain say in a year and could i lose it all?

Lose what ?

Don’t invest mike

It’s not for you

Buy some crack  rocks

Slang em

It’s more suited for you

You can make decent ROI in it

Investing ?

Not your style

Lions are not indecisive

Sheep well

You know which you are

I bid you a good day sir !!

You want quick and not long  investment?

Long = old dominion trucking company

Or amazon

3100 and that’s a small easy safe one for you
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 27, 2020, 12:01:07 PM
Quote from: SOMEPARTS on November 27, 2020, 08:57:32 AM
Paypal lost a ton of revenue with eBay quitting them as their only funding source. If they were smart they would just make their own coin that had decent technology, they have fresh money coming in on the transaction side...seems like a no brainer...

They wanted to bring in new customers to the platform and lock them in. Easier to do with a well established coin on many global.exchanges vs create a new one where it's solely on one exchange with a miniscule customer base.

If that makes sense?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on November 27, 2020, 03:15:12 PM
Quote from: FitnessFrenzy on November 27, 2020, 03:16:29 AM


Chinese export ?.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 27, 2020, 10:00:50 PM
Quote from: SOMEPARTS on November 27, 2020, 10:12:49 AM


Exactly. The fact that they are not doing it would suggest further to me that a fed reserve issued coin is imminent.

The war on(untraceable) physical cash this year is part of this whole covid control tool. Signs at stores saying they don't have that dirty, virus spreading change(sarc) was a clue.

Consumers drove the switch from cash to digital payments, not the govt. I know people love conspiracy stuff but the fact is digital payments are easier as a consumer.

Payments were 75/25 ratio of cash to digital 20yrs ago. Now they are 25/75 pre covid. Driven by consumer behaviour.

The upcoming digital central bank currency has everything to do with better management of the money supply.

Of far greater discussion is this move removes the requirement for the bond market to a large degree yet nobody says a word about that.....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: epic is back on November 27, 2020, 10:04:55 PM
mayday

can you elaborate on why there is more selling on a corperate level  than buying on the  public level   and very sharply currently?

a dip in the markets  coming perhaps? to then  buy it all  back?

can you tell us what you think?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 28, 2020, 12:24:33 AM
Quote from: Mayday on November 27, 2020, 12:01:07 PM
They wanted to bring in new customers to the platform and lock them in. Easier to do with a well established coin on many global.exchanges vs create a new one where it's solely on one exchange with a miniscule customer base.

If that makes sense?

 ::)

346 million active PayPal accounts worldwide, representing a 21 percent year-on-year growth.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 28, 2020, 12:47:01 AM
Quote from: Griffith on November 28, 2020, 12:24:33 AM
::)

346 million active PayPal accounts worldwide, representing a 21 percent year-on-year growth.

Of which their own 'paypal bucks' would only be usable on their platform.....

You seriously don't get why that is a roadblock?

Why do you think crypto is so volatile?  Answer thst.correctly and you will hopefully understand why you made yourself look like an idiot by using the roll eyes at me.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 28, 2020, 01:22:56 AM
Quote from: epic is back on November 27, 2020, 10:04:55 PM
mayday

can you elaborate on why there is more selling on a corperate level  than buying on the  public level   and very sharply currently?

a dip in the markets  coming perhaps? to then  buy it all  back?

can you tell us what you think?

A good question.

The key story is lack of market penetration. To achieve a greater number of participants, you need to give new players something to buy.

Apologies if this is oversimplifying but others will read it and want to underatand (i know you will know this)..lets say we launch 'epic bucks'. We create 2M coins. You have 1M and i have 1M. We say they are worth 1 dollar each therefore market cap is 2M. How do we get it to 2 dollars each? Convince someone to buy...... but we need to also sell.....

I sell 500k Epic bucks to someone for 10c each for 50k. You sell 500k epic bucks to someone for 10c each for 50k..... ALL coins are now.worth 10c each and the new market cap is 200k, down from 2M......

Holy shit we just had a 90% crash!  But now we have 4 holders of epic bucks and an established market value. Rinse and repeat until you reach a market participant point where it either collapses because it's a POS and nobody wants it or it establishes itself as a legitimate 'thing'.


Hence why i say this will rollercoaster like  MOFO. You have guys buying 426M of BTC.... If it doubles in price he has close to a Trillion.... until he sells it..... There isn't enough buyers to soak up what he dumps so the price takes a dive. These holders dump as much as the msrket.can handle to allow it to stay alive. If he dumped all 1T we would see BTC utterly collapse. So each run, they will dump BTC into the exchanges to increase the participation rate, rinse and repeat. One holder dumps to 10,000 holders = increase in the belief system.  If you have 1T in BTC you need enough participants so you can actually sell your 1T for 1T.

The good thing about playing from my viewpoint as a bet on the money supply is i remove all the BS hype articles and focus on what behaviour i should see if something is playing as it should alongside the global currency system which is currently having Massive shifts which aren't visible in real life, nor are media talking about it.

We should see dumps by major holders. These fuckers bought for 100 bucks most likely. They aren't looking to buy back in, they are looking to get out. It's smaller players who are buying in.

Does that make sense? Damn hard to type a proper answer on a shitty samsung phone lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 28, 2020, 04:23:18 AM
Quote from: Mayday on November 28, 2020, 12:47:01 AM
Of which their own 'paypal bucks' would only be usable on their platform.....

You seriously don't get why that is a roadblock?

Why do you think crypto is so volatile?  Answer thst.correctly and you will hopefully understand why you made yourself look like an idiot by using the roll eyes at me.

 ::)

Of which hundreds of millions of people use around the world to make payments and bank transfers.

Bitcoin is volatile because it is entirely speculative and therefore almost unusable as a form of currency. High levels of volatility of a medium of exchange or currency have extremely negative effects for any business or economy.

Hope this helps.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 28, 2020, 04:39:21 AM
Quote from: SOMEPARTS on November 27, 2020, 08:57:32 AM

Paypal lost a ton of revenue with eBay quitting them as their only funding source. If they were smart they would just make their own coin that had decent technology, they have fresh money coming in on the transaction side...seems like a no brainer...

PayPal has long surpassed the lost revenue from ebay dropping them. The "cashless" pandemic has further accelerated their growth.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 28, 2020, 04:58:42 AM
Quote from: Griffith on November 28, 2020, 04:23:18 AM
::)

Of which hundreds of millions of people use around the world to make payments and bank transfers.

Bitcoin is volatile because it is entirely speculative and therefore almost unusable as a form of currency. High levels of volatility of a medium of exchange or currency have extremely negative effects for any business or economy.

Hope this helps.

Well no, it doesn't help and you completely missed the point which is in your answer to volatility.

Paypal decided not.to create their own crypto. Instead they chose the most well known, globally established crypto which is still volatile as all hell yet would be waaaaay better than trying to create one from scratch which can only be used on their platform. Nobody would hold Paypal Bucks as it's volatility would make it unusable whereas people will hold BTC, that's the point.

If 'Paypal bucks' would have worked, they'd have done it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 28, 2020, 05:38:21 AM
Quote from: Mayday on November 28, 2020, 04:58:42 AM
Well no, it doesn't help and you completely missed the point which is in your answer to volatility.

Paypal decided not.to create their own crypto. Instead they chose the most well known, globally established crypto which is still volatile as all hell yet would be waaaaay better than trying to create one from scratch which can only be used on their platform. Nobody would hold Paypal Bucks as it's volatility would make it unusable whereas people will hold BTC, that's the point.

If 'Paypal bucks' would have worked, they'd have done it.

You have completely missed the point, Paypal does not have a 'minuscule user base' as you stated.

To argue that a user base of 350 million with an annual growth of over 20 % is 'minuscule' is ridiculous. Completely absurd.

Paypal will not be using Bitcoin because they have 'miniscule user base' but because it is low risk on their side and an easy way to profit from it with minimal costs as opposed to creating a new crypto currency which may or may not succeed and have far more costs involved.

This is all obvious but to argue that Paypal has a 'minuscule user base' is ludicrous.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on November 28, 2020, 06:02:41 AM
Quote from: Flexacon on November 28, 2020, 04:39:21 AM
PayPal has long surpassed the lost revenue from ebay dropping them. The "cashless" pandemic has further accelerated their growth.



Proof, as in actual reporting?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on November 28, 2020, 06:08:34 AM
I'm sure the Paypal crypto idea is more a regulatory/legal issue than business model issue. If I owned Paypal I would issue a crypto... Paypal started as a transaction platform and store of money for people who sold stuff on ebay. MANY people just used that as fun money to buy on eBay again, which is a better base than most which is pure speculation/ponzi.

Zelle and others trying to get in the same space as well, although I really don't know what the breakdown as far as market share goes among the various options including Google Pay and Apple Pay, etc. The space right now is mysteriously capitalistic in nature in an era of capital controls....like I said just a matter of time before the fed hammer comes down in this business.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 28, 2020, 06:32:58 AM
Quote from: Mayday on November 28, 2020, 01:22:56 AM
Hence why i say this will rollercoaster like  MOFO. You have guys buying 426M of BTC.... If it doubles in price he has close to a Trillion.... until he sells it..... There isn't enough buyers to soak up what he dumps so the price takes a dive.
I think you meant a billion. 1000 million = 1 billion
1000 billion = 1 trillion

(https://media.makeameme.org/created/why-make-trillions-jmzk5u.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 28, 2020, 07:54:30 AM
Quote from: SOMEPARTS on November 28, 2020, 06:02:41 AM


Proof, as in actual reporting?

The proof is in the same place as your proof of Paypal losing a ton of revenue from eBay quitting them as their only funding source.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: epic is back on November 28, 2020, 09:24:05 AM
Repeaters

Of bad disinfo

Like all the socialist nuts on here abs in this world

Repeaters of trash into

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: epic is back on November 28, 2020, 09:32:07 AM
Mayday

Thank you for your reply
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 28, 2020, 01:07:08 PM
Quote from: obsidian on November 28, 2020, 06:32:58 AM
I think you meant a billion. 1000 million = 1 billion
1000 billion = 1 trillion

(https://media.makeameme.org/created/why-make-trillions-jmzk5u.jpg)

LOL oops, i wrote that half asleep as it was very late here.   What's a few hundred billion in an error D)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 28, 2020, 01:33:19 PM
Quote from: Griffith on November 28, 2020, 05:38:21 AM
This is all obvious but to argue that Paypal has a 'minuscule user base' is ludicrous.

I can't address every single gap someone wants to pick on, particularly when someone jumps in on an answer.to someone else and ignores the contextxt,. If you want to launch your own currency you would want access to 8 Billion people to allow the best chance to establish a belief system.

I'm not sure what else to say other than i think 300M is a heck of a lot smaller than 8 Billion.

Anyhoo, just chill.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on November 28, 2020, 07:20:31 PM
Quote from: Mayday on November 28, 2020, 01:33:19 PM
I can't address every single gap someone wants to pick on, particularly when someone jumps in on an answer.to someone else and ignores the contextxt,. If you want to launch your own currency you would want access to 8 Billion people to allow the best chance to establish a belief system.

I'm not sure what else to say other than i think 300M is a heck of a lot smaller than 8 Billion ?.

Anyhoo, just chill.



About 100 million BTC holding wallets exist.

https://www.bitcoinmarketjournal.com/how-many-people-use-bitcoin/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on November 28, 2020, 07:31:36 PM
Quote from: Flexacon on November 28, 2020, 07:54:30 AM
The proof is in the same place as your proof of Paypal losing a ton of revenue from eBay quitting them as their only funding source.



I have actual personal experience in this subject. Obviously they aren't going out of business...they have Venmo and GoPay in China...but the Honey acquisition not sure on that one....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 28, 2020, 08:47:37 PM
Quote from: Mayday on November 28, 2020, 01:33:19 PM
I can't address every single gap someone wants to pick on...

I on the other hand can, as I decisively did with Mr Anabolic since the beginning of this thread. At some point I will summarize the "best of" that provides a summary of each of his many objections to the validity of Bitcoin's emergence as store of value.

It blows my mind that so many Getbiggers, with Bitcoin still in reach, have not yet secured some, whilst spending money on all sorts of other things that will result in zero financial value over time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 29, 2020, 01:09:15 AM
Good morning Mr A. Here is great clip, that with quite simple to understand yet compelling explanations, addresses every single one of your objections and misconceptions about Bitcoin. This is one of the clearest overall discussions I have seen on Bitcoin for the common layman.

Watch it, and then get back to me if you still have any doubts or questions!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on November 29, 2020, 08:30:46 AM
When the IFM world banks do the "great reset" in 2021 and ban cash to go all digital 1 world currency................


Which current digital currency are they going to choose?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on November 29, 2020, 08:35:29 AM
Quote from: TheGrinch on November 29, 2020, 08:30:46 AM
When the IFM world banks do the "great reset" in 2021 and ban cash to go all digital 1 world currency................


Which current digital currency are they going to choose?


Their own. Doubt 2021...they have to erode confidence in other competing cryptos first. BTC is old tech, takes way too much power to transact in a way the leeches can feed from it through fees.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on November 29, 2020, 08:55:07 AM
Quote from: SOMEPARTS on November 29, 2020, 08:35:29 AM

Their own. Doubt 2021...they have to erode confidence in other competing cryptos first. BTC is old tech, takes way too much power to transact in a way the leeches can feed from it through fees.

Makes sense.. thanks
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on November 29, 2020, 09:05:31 AM
Quote from: gib on November 29, 2020, 01:09:15 AM
Good morning Mr A. Here is great clip, that with quite simple to understand yet compelling explanations, addresses every single one of your objections and misconceptions about Bitcoin. This is one of the clearest overall discussions I have seen on Bitcoin for the common layman.

Watch it, and then get back to me if you still have any doubts or questions!

Here is vid you really need to watch.  Please let me know if you have any doubts or questions! 

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 29, 2020, 11:54:42 AM
Quote from: TheGrinch on November 29, 2020, 08:30:46 AM
When the IFM world banks do the "great reset" in 2021 and ban cash to go all digital 1 world currency................


Which current digital currency are they going to choose?

Banks here use ETH ss their platform.

The govt supported PWR for energy.

Do you mean 'world currency' as in what the USD is today? or do you mean all countries will dump their local.currency and use only one?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on November 29, 2020, 12:41:40 PM
Quote from: Mayday on November 29, 2020, 11:54:42 AM
Banks here use ETH ss their platform.

The govt supported PWR for energy.

Do you mean 'world currency' as in what the USD is today? or do you mean all countries will dump their local.currency and use only one?

according to the world economic forum, there will be a single world only digital currency at some point in the near future - no other currencies digital or physical will exist
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on November 29, 2020, 12:46:34 PM
Quote from: TheGrinch on November 29, 2020, 12:41:40 PM
according to the world economic forum, there will be a single world only digital currency at some point in the near future - no other currencies digital or physical will exist
This will happen during the Great Reset.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on November 29, 2020, 12:47:02 PM
Quote from: TheGrinch on November 29, 2020, 12:41:40 PM
according to the world economic forum, there will be a single world only digital currency at some point in the near future - no other currencies digital or physical will exist

Then it won't be BTC, as a "world currency" limited to 21 million units wouldn't work lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 29, 2020, 01:34:17 PM
Quote from: TheGrinch on November 29, 2020, 12:41:40 PM
according to the world economic forum, there will be a single world only digital currency at some point in the near future - no other currencies digital or physical will exist

Ask them to define 'near future' lol.

Lots of things will happen before that scenario. We will get plenty of advance notice because it isn't something that is turned on overnight. The euro had a long leadup.  I own a business that runs projects in banks so we will understand what the plan is.

The basis for such is a  model from a basal income structure because you can control wages, inflation and.growth a lot easier than today. A lot of what i talk about here is all about this. It will still be an expansionary monetary system like we have today. notice they aren't calling it a crypto but a digital currency.

Handouts by the end of 2021 should become an established thing and they will refine those over 2022 and 2023.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on November 29, 2020, 01:51:50 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: epic is back on November 29, 2020, 03:15:44 PM
Quote from: Humble Narcissist on November 29, 2020, 12:46:34 PM
This will happen during the Great Reset.

this a title of a youtube video?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 29, 2020, 05:10:36 PM
Quote from: Mr Anabolic on November 29, 2020, 09:05:31 AM
Here is vid you really need to watch.  Please let me know if you have any doubts or questions! 



Yes its a good song. That is indeed the nature of investments, They carry risk and promise reward. As an investor we need to make the optimum choice.

So what do you think of the video I posted?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on November 29, 2020, 05:17:06 PM
Quote from: epic is back on November 29, 2020, 03:15:44 PM
this a title of a youtube video?

No its the new world order plan they themselves speak about here on their own website

https://www.weforum.org/great-reset/


Its out in the open in case you want to read/watch

https://www.weforum.org/agenda/2020/07/covid-19-the-great-reset/

Free Kindle of the book they themselves wrote:

https://www.amazon.com/dp/2940631123
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on November 29, 2020, 05:21:52 PM


Vince, have you ever bought any Van Gogh's paintings with those imaginarians ................ 8)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 29, 2020, 11:18:16 PM
Quote from: Teutonic Knight 1 on November 29, 2020, 05:21:52 PM

Vince, have you ever bought any Van Gogh's paintings with those imaginarians ................ 8)

If its me you are referring to, no I don't have a Van Gogh. However, I do have a Picasso sketch which I bought at a charity auction. I also nearly purchased something an Andy Warhol painting. (Neither are as expensive as you might imagine). The Picasso I got for around 14K. The Warhol bidding, at another event, got to 150K at which point I dropped out. I'm not a fan of art as investment.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 29, 2020, 11:20:42 PM
Quote from: gib on November 29, 2020, 01:09:15 AM
Good morning Mr A. Here is great clip, that with quite simple to understand yet compelling explanations, addresses every single one of your objections and misconceptions about Bitcoin. This is one of the clearest overall discussions I have seen on Bitcoin for the common layman.

Watch it, and then get back to me if you still have any doubts or questions!



So Mr A (or anyone else). Is there anything in this video that you want to ask about, or disagree with? Everything presented there is correct (except arguably one minor point on the topic of intrinsic value). Stubborn as you are, I urge you please to watch this video. And then get back to us if you still continue to hold your irrational and incorrect views on the validity of Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on November 30, 2020, 04:59:06 AM
$275bn+ Hedge Fund Guggenheim Considers $500 million Bitcoin Investment


The investment firm could invest up to $500 million of investors’ cash in the cryptocurrency.


Global investment firm Guggenheim Partners is considering investing hundreds of millions of dollars in a Bitcoin trust.

The firm on Friday made a filing to the US Securities and Exchange Commission saying that it would reserve the right for its $5.3 billion Macro Opportunities Fund to put 10% of its net asset value in the cryptocurrency via the Grayscale Bitcoin Trust.

“The Guggenheim Macro Opportunities Fund may seek investment exposure to bitcoin indirectly through investing up to 10% of its net asset value in Grayscale Bitcoin Trust (“GBTC”), a privately offered investment vehicle that invests in Bitcoin,” the note said.

GBTC allows investors to trade shares in trusts holding large pools of Bitcoin. As the world’s largest crypto hedge fund, it allows investors to trade these shares on the stock market. This way, investors don’t actually have to deal with holding the asset—they just hold shares that represent investments in Bitcoin.

Guggenheim’s Macro Opportunities Fund is one of Guggenheim Partners’ funds, handling $5.3 billion worth of investors’ cash.

The firm’s possible future investment means that they think Bitcoin could be a safe bet for their clients.

But the note to the SEC did mention the risks involved in investing in cryptocurrencies.

“In addition to the general risks of investing in other investment vehicles, described further below, the value of the Fund’s indirect investments in cryptocurrency is subject to fluctuations in the value of the cryptocurrency, which can be highly volatile,” the note added.

https://decrypt.co/49877/guggenheim-partners-to-invest-in-grayscale-bitcoin-trust
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on November 30, 2020, 05:16:02 AM
You guys are getting sucked in.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on November 30, 2020, 05:56:32 AM
Russia to Recognize Bitcoin as Property With Legal Protection



The Russian prime minister has outlined the government’s plans to amend existing laws to recognize cryptocurrency as property. This means bitcoin owners will have the legal rights to defend and recoup their cryptocurrencies in court.

During the government meeting on Thursday, Russian Prime Minister Mikhail Mishustin talked about Russia’s plans for cryptocurrency regulation alongside other initiatives to fight against the spread of the coronavirus pandemic.

After outlining several solutions the Russian government has come up with, Mishustin said, “Another solution concerns cryptocurrencies.” He added that “This is a relatively new tool, interest in which is constantly growing.”

The Russian prime minister continued: “The government plans to direct the development of this market in a civilized direction so that the owners of such assets can protect their rights and interests, and the creation of shadow schemes would be difficult.” In order to achieve this, Mishustin said, “Let’s make a number of changes to the tax code,” elaborating:

 Digital financial assets will be recognized as property, and their owners will be able to count on legal protection in the event of any illegal actions, as well as defend their property rights in court.

Although there have been discussions among lawmakers to treat bitcoin as taxable property, it is not yet official. Different courts have, therefore, made their own decisions whether to recognize the cryptocurrency as property. In July, a Russian court denied a crypto owner the return of his cryptocurrencies, including bitcoin. The court judged that since bitcoin was not considered property under Russian law, its theft was not a crime. In December last year, the supreme court ruled that tokens were assets like money and property.

Russia will begin regulating cryptocurrency next year; President Vladimir Putin signed the crypto bill into law in August. However, Russian lawmakers are still trying to add to the bill.

In November, the Ministry of Finance developed new amendments to the crypto regulation, introducing new rules and penalties for unreported and underreported cryptocurrencies. Meanwhile, the Bank of Russia is seeking public comments on the central bank digital currency (CBDC), the digital ruble.

https://news.bitcoin.com/russia-recognize-bitcoin-property-legal-protection/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on November 30, 2020, 08:16:54 AM
Quote from: polychronopolous on November 30, 2020, 05:56:32 AM
Russia to Recognize Bitcoin as Property With Legal Protection



The Russian prime minister has outlined the government’s plans to amend existing laws to recognize cryptocurrency as property. This means bitcoin owners will have the legal rights to defend and recoup their cryptocurrencies in court.

During the government meeting on Thursday, Russian Prime Minister Mikhail Mishustin talked about Russia’s plans for cryptocurrency regulation alongside other initiatives to fight against the spread of the coronavirus pandemic.

After outlining several solutions the Russian government has come up with, Mishustin said, “Another solution concerns cryptocurrencies.” He added that “This is a relatively new tool, interest in which is constantly growing.”

The Russian prime minister continued: “The government plans to direct the development of this market in a civilized direction so that the owners of such assets can protect their rights and interests, and the creation of shadow schemes would be difficult.” In order to achieve this, Mishustin said, “Let’s make a number of changes to the tax code,” elaborating:

 Digital financial assets will be recognized as property, and their owners will be able to count on legal protection in the event of any illegal actions, as well as defend their property rights in court.

Although there have been discussions among lawmakers to treat bitcoin as taxable property, it is not yet official. Different courts have, therefore, made their own decisions whether to recognize the cryptocurrency as property. In July, a Russian court denied a crypto owner the return of his cryptocurrencies, including bitcoin. The court judged that since bitcoin was not considered property under Russian law, its theft was not a crime. In December last year, the supreme court ruled that tokens were assets like money and property.

Russia will begin regulating cryptocurrency next year; President Vladimir Putin signed the crypto bill into law in August. However, Russian lawmakers are still trying to add to the bill.

In November, the Ministry of Finance developed new amendments to the crypto regulation, introducing new rules and penalties for unreported and underreported cryptocurrencies. Meanwhile, the Bank of Russia is seeking public comments on the central bank digital currency (CBDC), the digital ruble.

https://news.bitcoin.com/russia-recognize-bitcoin-property-legal-protection/


Sounds legit.  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on November 30, 2020, 08:20:05 AM
Quote from: SOMEPARTS on November 30, 2020, 08:16:54 AM

Sounds legit.  ;D

 :D 8)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on November 30, 2020, 08:32:46 AM
Biden confirms Janet F'ING Yellen for Treasury Secretary. Good God, haha. The swamp rages.


A look into her brain 2017:

https://www.reuters.com/article/us-usa-fed-yellen-idUSKBN19I2I5

"U.S. Federal Reserve Chair Janet Yellen said on Tuesday that she does not believe that there will be another financial crisis for at least as long as she lives, thanks largely to reforms of the banking system since the 2007-09 crash."
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on November 30, 2020, 08:45:24 AM
Quote from: SOMEPARTS on November 30, 2020, 08:32:46 AM
Biden confirms Janet F'ING Yellen for Treasury Secretary. Good God, haha. The swamp rages.


A look into her brain 2017:

https://www.reuters.com/article/us-usa-fed-yellen-idUSKBN19I2I5

"U.S. Federal Reserve Chair Janet Yellen said on Tuesday that she does not believe that there will be another financial crisis for at least as long as she lives, thanks largely to reforms of the banking system since the 2007-09 crash."

LOL
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight 1 on November 30, 2020, 02:29:39 PM
Quote from: gib on November 29, 2020, 11:18:16 PM
If its me you are referring to, no I don't have a Van Gogh. However, I do have a Picasso sketch which I bought at a charity auction. I also nearly purchased something an Andy Warhol painting. (Neither are as expensive as you might imagine). The Picasso I got for around 14K. The Warhol bidding, at another event, got to 150K at which point I dropped out. I'm not a fan of art as investment.


Yeah it's you G.VINCE !.

Post pics of that Picasso  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: epic is back on November 30, 2020, 03:28:04 PM
Quote from: TheGrinch on November 29, 2020, 05:17:06 PM
No its the new world order plan they themselves speak about here on their own website

https://www.weforum.org/great-reset/


Its out in the open in case you want to read/watch

https://www.weforum.org/agenda/2020/07/covid-19-the-great-reset/

Free Kindle of the book they themselves wrote:

https://www.amazon.com/dp/2940631123

oh man!!

thanks bro

so i can go on amazon to learn how im being tricked?

cool bro

any other links or dead end pathways you recommend?

you retired?

how's your portfolio?

fixed income?  i hope not bro
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 30, 2020, 04:21:30 PM
Quote from: loco on November 30, 2020, 08:45:24 AM
LOL

I know right.

Fkn 74yrs old! No shit the financial system won't collapse in her lifetime LOL.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 30, 2020, 04:52:53 PM
Quote from: polychronopolous on November 30, 2020, 05:56:32 AM
Russia to Recognize Bitcoin as Property With Legal Protection



The Russian prime minister has outlined the government’s plans to amend existing laws to recognize cryptocurrency as property. This means bitcoin owners will have the legal rights to defend and recoup their cryptocurrencies in court.

During the government meeting on Thursday, Russian Prime Minister Mikhail Mishustin talked about Russia’s plans for cryptocurrency regulation alongside other initiatives to fight against the spread of the coronavirus pandemic.

After outlining several solutions the Russian government has come up with, Mishustin said, “Another solution concerns cryptocurrencies.” He added that “This is a relatively new tool, interest in which is constantly growing.”

The Russian prime minister continued: “The government plans to direct the development of this market in a civilized direction so that the owners of such assets can protect their rights and interests, and the creation of shadow schemes would be difficult.” In order to achieve this, Mishustin said, “Let’s make a number of changes to the tax code,” elaborating:

 Digital financial assets will be recognized as property, and their owners will be able to count on legal protection in the event of any illegal actions, as well as defend their property rights in court.

Although there have been discussions among lawmakers to treat bitcoin as taxable property, it is not yet official. Different courts have, therefore, made their own decisions whether to recognize the cryptocurrency as property. In July, a Russian court denied a crypto owner the return of his cryptocurrencies, including bitcoin. The court judged that since bitcoin was not considered property under Russian law, its theft was not a crime. In December last year, the supreme court ruled that tokens were assets like money and property.

Russia will begin regulating cryptocurrency next year; President Vladimir Putin signed the crypto bill into law in August. However, Russian lawmakers are still trying to add to the bill.

In November, the Ministry of Finance developed new amendments to the crypto regulation, introducing new rules and penalties for unreported and underreported cryptocurrencies. Meanwhile, the Bank of Russia is seeking public comments on the central bank digital currency (CBDC), the digital ruble.

https://news.bitcoin.com/russia-recognize-bitcoin-property-legal-protection/

The reality is all Governments will take steps that help legitimize Bitcoin. And the reason for that is they have no choice but to do so. It's virtually impossible to stop humans making collective agreements on how they record a store of value among themselves. And in fact the lower the confidence in the Government, the higher the propensity to do this becomes.

The ponzi scheme that is fiat currency is being replaced by a decentralized currency with a mathematically finite supply. And it happening by the second right before our eyes as more and more people buy into the new system, creating a vortex that is growing in power where fake paper money is being exchanged for a global and decentralized store of wealth.

I have said it many times. For almost anyone in the US, we still have a chance to buy a piece of the future ahead of billions of other people. For those that don't it will be a huge regret in the years to come.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 30, 2020, 04:58:12 PM
We will see this trend continue. First High Net Worth Individuals. Then family offices and hedge funds. Then listed companies. Then investment banks. Then retail banks. Then pension funds. Then Governments and central banks. We as individuals have an amazing opportunity to front-run this trend...

https://www.coindesk.com/investment-giant-alliancebernstein-now-says-bitcoin-has-role-in-investors-portfolios

The research arm of New York-based AllianceBernstein, a global investment manager with $631 billion in assets under management, has had a change of heart when it comes to bitcoin as an investment asset.

In a research note produced for clients, the portfolio strategy team at Bernstein Research, said the firm had previously ruled out bitcoin (BTC, +6.03%) as an investment asset back in January of 2018, soon after bitcoin had hit its all-time high close to $20,000.

Ultimately, Bernstein Research recommends that bitcoin can comprise from 1.5% to 10% of portfolios, depending on the cryptocurrency’s monthly returns.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 30, 2020, 05:47:00 PM
Quote from: Humble Narcissist on November 30, 2020, 05:16:02 AM
You guys are getting sucked in.

What would it take to make you think about it differently?

It is ALL about predicting the process of the transformation of the global financial system. If you have NFI how the monetary system functions at it's bare roots, you won't see the transformation happening until it's almost all done because they are saving the aggregates from a fall.

I have outlined a wealth of information on here that you simply won't find anywhere else because so few understand it as i do. I pretty much never talk about crypto in the sense of what it is or what is going on with it in articles and so forth. Yet i talk non-stop about the money supply and the central banks because that is what is being transformed, everything else is a flow on effect.

Think i am wrong?

Go read the comments about people saying everything will collapse. Claiming all that matters is gold and ammo.....the current scenario is supposed to be the gold and ammo bugs dream! The collapse of the financial system...... all their life waiting for this moment and finally......finally...  they have been wrong about almost everything...... why? Because it doesn't work the way you think it does. When the digital currencies are released by central banks, those same people will be wrong yet again. Why? Because it doesn't work the way you think it does.

Look around. Stockmarket hit a record.....  both gold and silver have been pulling back the last 6 months..... fuel prices are falling...... interest rates are falling..... consumer inflation is fuck all (and both gold, silver, interest rates agree with that statement)..........all things i have said would happen on top of my estimation at the start of the pandemic that we would see up to 25% currency printing by year end which will be pretty fucking close as we might finish around 23%.  And still, people say i don't know anything lol.


I'm not a trader but even i commented that the recent pullback on BTC would have resistance at 16k and then ramp. It hit 16.6k and bounced back within days and has now set a new record of 19.6k. My track record is looking pretty fucking solid.

The market has decided BTC is king of the crypto market.

At the peak in 2017 there was 1,700 total cryptocurrencies for a market cap of $550B. The peak price of BTC was about 19.2k.

In 2020 there is over 7,000 total cryptocurrencies for a market cap of $570B. BTC is at 19.6k.....

All the energy is going into BTC. The alt coins are fucked. Don't bother unless you are trading the pump and dumps. XRP was $4 and now $0.80. Eth was $900 and now $600. Well below peaks.

We aren't talking about 7,000+ cryptos here. We have singled out one and it is performing. Look back at the end of 2021, end of 2023, end of 2030.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 30, 2020, 06:17:18 PM
Quote from: Mayday on November 30, 2020, 05:47:00 PM

It is ALL about predicting the process of the transformation of the global financial system. If you have NFI how the monetary system functions at it's bare roots, you won't see the transformation happening until it's almost all done because they are saving the aggregates from a fall.


Fully agree! The thing is there are many many people who are being hoodwinked, and who really don't understand how the modern financial system works. These people will all learn. However, as a consequence of their ignorance, simplemindedness or stubbornness, they will learn the hard way unfortunately.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 30, 2020, 06:22:15 PM
Quote from: Mayday on November 30, 2020, 05:47:00 PM

The market has decided BTC is king of the crypto market.

At the peak in 2017 there was 1,700 total cryptocurrencies for a market cap of $550B. The peak price of BTC was about 19.2k.

In 2020 there is over 7,000 total cryptocurrencies for a market cap of $570B. BTC is at 19.6k.....

All the energy is going into BTC. The alt coins are fucked. Don't bother unless you are trading the pump and dumps. XRP was $4 and now $0.80. Eth was $900 and now $600. Well below peaks.

We aren't talking about 7,000+ cryptos here. We have singled out one and it is performing. Look back at the end of 2021, end of 2023, end of 2030.

Fully agree. I have pointed out in the past the idiocy of people buying alts "because they are cheaper". A misconception I believe even Mr A advocated at one point. These alts are really more akin to scams in the way they were promoted. BTC is king, and the logical conclusion is that we will collectively agree on one digitately currency, which then provides an exponential gravitating effect.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 01, 2020, 04:12:58 AM
https://finance.yahoo.com/news/bitcoin-hits-new-all-time-high-driven-by-institutional-buying-153215272.html

New all time high hit this morning. 20K seems well in range.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Methyl m1ke on December 01, 2020, 04:45:02 AM
You said wait for btc to dip to 15-16k before buying anything. Also btc is not much higher now than it was a couple years ago? What makes you sure #1 the price will drop to 15-16k soon #2 that over the next 10 years it will be substantially higher than it is today? #3 what possible reasons are there that could limit its gain in value and why arent you concerned it could become worthless? Data please opinions are somewhat pointless. This thread sounds like a lengthy sales pitch already
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 01, 2020, 05:00:02 AM
Quote from: Methyl m1ke on December 01, 2020, 04:45:02 AM
You said wait for btc to dip to 15-16k before buying anything. Also btc is not much higher now than it was a couple years ago? What makes you sure #1 the price will drop to 15-16k soon #2 that over the next 10 years it will be substantially higher than it is today? #3 what possible reasons are there that could limit its gain in value and why arent you concerned it could become worthless? Data please opinions are somewhat pointless. This thread sounds like a lengthy sales pitch already

I didn't say to wait to 15-16K drop before buying. That was MayDay I think. (But yes such a dip, and indeed even lower, could well happen. But it also possible that prices will never hit that level again.

What I said simply is if you don't own any, then BUY NOW. And then HODL. Simple as that. That is all you need to do to place an extremely valuable hedge on the future.

Short term movements are very hard to predict (and I am not much of a "technical analyst"). But long term its a zero sum game. Either there is massive upside ahead, as in life changing and status changing between the haves and have nots of Bitcoin, or it goes to zero. That is also why you don't want to bet the house on BTC, but you most definitely want to make sure you have some exposure.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Methyl m1ke on December 01, 2020, 05:09:57 AM
Quote from: gib on December 01, 2020, 05:00:02 AM
I didn't say to wait to 15-16K drop before buying. That was MayDay I think. (But yes such a dip, and indeed even lower, could well happen. But it also possible that prices will never hit that level again.

What I said simply is if you don't own any, then BUY NOW. And then HODL. Simple as that. That is all you need to do to place an extremely valuable hedge on the future.

Short term movements are very hard to predict (and I am not much of a "technical analyst"). But long term its a zero sum game. Either there is massive upside ahead, as in life changing and status changing between the haves and have nots of Bitcoin, or it goes to zero. That is also why you don't want to bet the house on BTC, but you most definitely want to make sure you have some exposure.

Well that least makes sense thanks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 01, 2020, 05:31:25 AM
Very welcome Methyl.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 01, 2020, 09:54:48 AM
Cryptocurrencies were intended to create economic freedom and anonymity but if it has served as an inspiration for national digital currencies it will have contributed to the government having total control and oversight over everyone's finances.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on December 01, 2020, 10:20:14 AM
Quote from: Mayday on November 30, 2020, 05:47:00 PM
What would it take to make you think about it differently?

It is ALL about predicting the process of the transformation of the global financial system. If you have NFI how the monetary system functions at it's bare roots, you won't see the transformation happening until it's almost all done because they are saving the aggregates from a fall.

I have outlined a wealth of information on here that you simply won't find anywhere else because so few understand it as i do. I pretty much never talk about crypto in the sense of what it is or what is going on with it in articles and so forth. Yet i talk non-stop about the money supply and the central banks because that is what is being transformed, everything else is a flow on effect.

Think i am wrong?

Go read the comments about people saying everything will collapse. Claiming all that matters is gold and ammo.....the current scenario is supposed to be the gold and ammo bugs dream! The collapse of the financial system...... all their life waiting for this moment and finally......finally...  they have been wrong about almost everything...... why? Because it doesn't work the way you think it does. When the digital currencies are released by central banks, those same people will be wrong yet again. Why? Because it doesn't work the way you think it does.

Look around. Stockmarket hit a record.....  both gold and silver have been pulling back the last 6 months..... fuel prices are falling...... interest rates are falling..... consumer inflation is fuck all (and both gold, silver, interest rates agree with that statement)..........all things i have said would happen on top of my estimation at the start of the pandemic that we would see up to 25% currency printing by year end which will be pretty fucking close as we might finish around 23%.  And still, people say i don't know anything lol.


I'm not a trader but even i commented that the recent pullback on BTC would have resistance at 16k and then ramp. It hit 16.6k and bounced back within days and has now set a new record of 19.6k. My track record is looking pretty fucking solid.

The market has decided BTC is king of the crypto market.

At the peak in 2017 there was 1,700 total cryptocurrencies for a market cap of $550B. The peak price of BTC was about 19.2k.

In 2020 there is over 7,000 total cryptocurrencies for a market cap of $570B. BTC is at 19.6k.....

All the energy is going into BTC. The alt coins are fucked. Don't bother unless you are trading the pump and dumps. XRP was $4 and now $0.80. Eth was $900 and now $600. Well below peaks.

We aren't talking about 7,000+ cryptos here. We have singled out one and it is performing. Look back at the end of 2021, end of 2023, end of 2030.
Good luck to you.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: epic is back on December 01, 2020, 10:27:12 AM
Quote from: Griffith on December 01, 2020, 09:54:48 AM
Cryptocurrencies were intended to create economic freedom and anonymity but if it has served as an inspiration for national digital currencies it will have contributed to the government having total control and oversight over everyone's finances.

oh you did it

you made the association

im shorting btc

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 01, 2020, 03:59:24 PM
Quote from: Methyl m1ke on December 01, 2020, 04:45:02 AM
You said wait for btc to dip to 15-16k before buying anything. Also btc is not much higher now than it was a couple years ago? What makes you sure #1 the price will drop to 15-16k soon #2 that over the next 10 years it will be substantially higher than it is today? #3 what possible reasons are there that could limit its gain in value and why arent you concerned it could become worthless? Data please opinions are somewhat pointless. This thread sounds like a lengthy sales pitch already

Hi Mike, what i said was there would be a pullback in BTC to 2 different resistance levels --> 16k and 13k. We just saw BTC hit a high, pullback to 16.6k, then a high, then last night a pullback to 18k and now it's back to 18.9k as i type this trying to go to a new high. It'll probably fail, pullback to 16k and if that doesn't hold it'll head down to 13k. After that, it'll start another run.

1) BTC is not higher than 2017 --> Correct. Primarily in 2017 the global financial system was working. Many countries banned crypto and crypto exchanges.  In 2020 the global financial system is no longer functioning as previous decades. We have a shutdown due to a global pandemic. The last 3yrs crypto has become regulated to make it a more legitimate digital asset.  The state of the union is virtually the opposite of 2017.

2) What makes me sure of the price drop and resistance points? --> Charts. The first drop proved correct as it tapped 16.6k and bounced.

3) Over the next 10 years will it be substantially higher than it is today?  --> In a nutshell, it's a calculated guess based on actions taken from central banks in the monetary system along with the fact they shutdown the entire globe which has never been done before. I know for certain what the bailouts will look like (trillions of QE and in addition basal income is coming for us plebs). See point 1 and in addition, in this environment banks will look for a class that will ultimately hedge against every single injection of money. Metals are mined and consumed, they are not fixed. We are in 2020, not 1970. This is my educated guess.

4) What could limit it's value and why aren't i worried it could become worthless --> Total banning would limit it's value and drive it to zero. I am not worried as that outcome arose in 2017 and only certain countries banned it. Those that allowed it, regulated it thereby making it legitimate. Larger institutions have reverse their 2017 comments and now say in 2020 it's legit but still very young.

I don't share my own reports because the data isn't the problem.


Ultimately it's a guess with risk and return. Each person decides what that risk and return is to them. Through my eyes it's very low risk, great return.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 02, 2020, 06:04:52 AM
Bitcoin will probably eventually be shut down due to 'security reasons' or something similar tying it to criminal activity. Exchanging Bitcoin into cash or transferring the funds into a bank account could be prohibited as well as any use or trading of the crytpocurrency.

If a real digital currency or Fed coin is created, they probably won't want competition or funds they are unable to track or tax.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on December 02, 2020, 09:56:10 AM
Quote from: Griffith on December 02, 2020, 06:04:52 AM
Bitcoin will probably eventually be shut down due to 'security reasons' or something similar tying it to criminal activity. Exchanging Bitcoin into cash or transferring the funds into a bank account could be prohibited as well as any use or trading of the crytpocurrency.

If a real digital currency or Fed coin is created, they probably won't want competition or funds they are unable to track or tax.
Yes, this is why I would never have a lot of it.  Way too much chance of losing it all.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 02, 2020, 01:22:10 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 02, 2020, 04:37:29 PM
Quote from: Griffith on December 02, 2020, 06:04:52 AM
Bitcoin will probably eventually be shut down due to 'security reasons' or something similar tying it to criminal activity. Exchanging Bitcoin into cash or transferring the funds into a bank account could be prohibited as well as any use or trading of the crytpocurrency.

If a real digital currency or Fed coin is created, they probably won't want competition or funds they are unable to track or tax.

What an incredibly stupid, ignorant, and naive statement. Did you not read above the comments which explain how a "Fed Coin" will actually drive demand for Bitcoin?

The First Amendment of our Constitution states Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press. Bitcoin is essentially the combination of free speech, computer code, and a mathematical algorithm, the combination of which cannot be "banned". You are correct that banks may be (and indeed already are) required to comply with a range of anti-money laundering and KYC regulations. This only enhances the demand of Bitcoin (not reduces it), and the introduction of any Fed coin will only further enhance Bitcoin's use propositions.
 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 02, 2020, 04:41:14 PM
https://www.bloomberg.com/news/articles/2020-12-02/paypal-ceo-says-digital-currencies-are-set-to-go-mainstream?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 02, 2020, 09:15:14 PM
Quote from: gib on December 02, 2020, 04:37:29 PM
What an incredibly stupid, ignorant, and naive statement. Did you not read above the comments which explain how a "Fed Coin" will actually drive demand for Bitcoin?

The First Amendment of our Constitution states Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press. Bitcoin is essentially the combination of free speech, computer code, and a mathematical algorithm, the combination of which cannot be "banned". You are correct that banks may be (and indeed already are) required to comply with a range of anti-money laundering and KYC regulations. This only enhances the demand of Bitcoin (not reduces it), and the introduction of any Fed coin will only further enhance Bitcoin's use propositions.

Keep telling yourself that if it makes you feel better and keep ‘trusting’ in your government to protect you.

‘They will never do something like that’ lmao

If there’s a Fedcoin, Bitcoin will be shut down as it will defeat the objectives of a Fedcoin. Any bans or shutdowns can obviously also be achieved by indirect methods.

Try not to shit your pants and keep trusting in your government and others globally which want to protect you and allow untraceable, untaxed investments and money, and an easier way to pay for criminal activities  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 02, 2020, 09:36:45 PM
Quote from: Griffith on December 02, 2020, 09:15:14 PM
Keep telling yourself that if it makes you feel better and keep ‘trusting’ in your government to protect you.

‘They will never do something like that’ lmao

If there’s a Fedcoin, Bitcoin will be shut down as it will defeat the objectives of a Fedcoin. Any bans or shutdowns can obviously also be achieved by indirect methods.

Try not to shit your pants and keep trusting in your government and others globally which wants to protect you and allow untraceable, untaxed investments and money and an easier way to pay for criminal activities  ;D


Exchanges report user trades as part of being regulated. It is taxable and traceable just like any other exchange. That has been part of the reform post 2017.

The US digital coin is an extension of the existing system but used to bypass the govt and be controlled by the central bank in order to provide QE to the population. It is part of an expansionary monetary system. Bitcoin is a fixed system. Bitcoin isn’t going to be a competing currency because it isn’t a currency, it is a hedge. The threat isn’t to the US currency, it is a thread to gold and other hedges because it can draw capital away from those markets. Some may not be overly happy about that.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 02, 2020, 09:57:11 PM
Quote from: Mayday on December 02, 2020, 09:36:45 PM
the existing system

will b nate robinsoned... there will b a single world system with a single world currency.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 02, 2020, 11:57:01 PM
Quote from: gib on November 30, 2020, 06:22:15 PM
Fully agree. I have pointed out in the past the idiocy of people buying alts "because they are cheaper". A misconception I believe even Mr A advocated at one point. These alts are really more akin to scams in the way they were promoted. BTC is king, and the logical conclusion is that we will collectively agree on one digitately currency, which then provides an exponential gravitating effect.
You are forgetting one thing. Ethereum is now moving to Proof of Stake. Coinbase will be supporting staking of Ethereum. When you stake ETH you get paid back ETH in interest. It is like a savings account that offers decent interest rates. This many believe will drive up the price of ETH because people will have an incentive to hold on to their ETH.

Bitcoin is not the only player in town. It has first mover advantage but it would be naive to think it alone will remain and increase in value. There are way too many people who have a stake in other currencies.

I plan on converting some of my ETH to BTC when I am happy with the ratio. The current ratio favors Bitcoin but that might change. The key thing is to have patience and play the game long. If I am going to stake my ETH it may be locked in for years. I'd rather lose all my investments in crypto than sell early and see it go to the moon. That's a decision I have made for myself. I am willing to lose it all.

There are some benefits of proof-of-stake.

    Less energy and monetary cost: for Bitcoin mining, miners need to spend around $50,000 per hour for electricity which means $1.2 million per day or $36 million per month. With proof-of-stake, you can cut all these costs out.
    No need for special equipment: since you cut out all mining costs, there is no need for better equipment or ASICs (application-specific integrated circuit).
    Stop 51% attacks: a 51% attack happens when a group of miners control over 50% of a blockchain’s hashing power, and use this power to mess with the blockchain. Proof-of-stake contributes 51% instead of this hypothetical group of miners, protecting the blockchain.
    Avoid bad validators: every validator who has their own funds locked up in the blockchain would make sure that they are not adding any wrong blocks to the chain because that would mean their entire stake invested would be taken away from them.
    Faster validation: all new blocks  created by a validator will be validated faster.
    Scalability: splitting the entire Ethereum network into multiple portions called ‘shards’. Each shard would contain its own independent state, meaning a unique set of account balances and smart contracts.

Even if the rules of proof-of-stake seem simplistic to implement, what differentiates Casper from the rest is that it incentivizes the honest miners and punishes the dishonest ones. If you have your stake on a malicious block, then your stake will be gone  forever. It will punish anyone who doesn’t play by the rules.

https://support.bitkub.com/hc/en-us/articles/360030574932-What-are-the-advantages-of-Proof-Of-Stake-
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 03, 2020, 02:35:24 AM
Quote from: Zillotch on December 02, 2020, 09:57:11 PM
will b nate robinsoned... there will b a single world system with a single world currency.

Ok. When.

I know what that scenario requires so I’d be keen to hear when you think that is going to happen.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 03, 2020, 03:44:26 AM
Quote from: obsidian on December 02, 2020, 11:57:01 PM

Bitcoin is not the only player in town. It has first mover advantage but it would be naive to think it alone will remain and increase in value. There are way too many people who have a stake in other currencies.

I plan on converting some of my ETH to BTC when I am happy with the ratio. The current ratio favors Bitcoin but that might change. The key thing is to have patience and play the game long. If I am going to stake my ETH it may be locked in for years. I'd rather lose all my investments in crypto than sell early and see it go to the moon. That's a decision I have made for myself. I am willing to lose it all.

I’ll chime in here as I made a comment along these lines.

Pretend you have a time machine. Go back to 2017 during the mad hype rush. Ok, make the statement you just made above back in 2017. Now, jump in your time machine to today and look at the market. What do you think the time machine version of you would say about that statement?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 03, 2020, 04:53:40 AM
Quote from: Mayday on December 03, 2020, 02:35:24 AM
Ok. When.

I know what that scenario requires so I’d be keen to hear when you think that is going to happen.

when this launches (now called diem):

Quote from: Zillotch on October 26, 2020, 01:57:03 AM
(https://techcrunch.com/wp-content/uploads/2019/06/Libra-Association-Founding-Partners.png)

it will b backed by the US dollar... in time, leading world currencies will fall in line - effectively entangling the worlds economic systems, as it were, into a single entity... an entity.. which will, over more time.. change form.. into a solitary, absolute system of economic function.

the only system of economic function on earth.

as to specifically when.. you will find out in real time, right along with me.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 03, 2020, 06:58:49 AM
Quote from: Zillotch on December 03, 2020, 04:53:40 AM
when this launches (now called diem):

it will b backed by the US dollar... in time, leading world currencies will fall in line - effectively entangling the worlds economic systems, as it were, into a single entity... an entity.. which will, over more time.. change form.. into a solitary, absolute system of economic function.

the only system of economic function on earth.

as to specifically when.. you will find out in real time, right along with me.

When will Diem be released?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 03, 2020, 07:17:38 AM
Quote from: Mayday on December 02, 2020, 09:36:45 PM
Exchanges report user trades as part of being regulated. It is taxable and traceable just like any other exchange. That has been part of the reform post 2017.

The US digital coin is an extension of the existing system but used to bypass the govt and be controlled by the central bank in order to provide QE to the population. It is part of an expansionary monetary system. Bitcoin is a fixed system. Bitcoin isn’t going to be a competing currency because it isn’t a currency, it is a hedge. The threat isn’t to the US currency, it is a thread to gold and other hedges because it can draw capital away from those markets. Some may not be overly happy about that.

Bitcoin can be used for payments, though it is relatively cumbersome.

Hard currencies are used as a hedge. Exchange Traded Funds as well. Bitcoin would still be competition.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 03, 2020, 10:27:41 AM
Quote from: Zillotch on December 03, 2020, 04:53:40 AM
when this launches (now called diem):

it will b backed by the US dollar... in time, leading world currencies will fall in line - effectively entangling the worlds economic systems, as it were, into a single entity... an entity.. which will, over more time.. change form.. into a solitary, absolute system of economic function.

the only system of economic function on earth.

as to specifically when.. you will find out in real time, right along with me.

So you have no idea at all when this will all happen..... it really helps when some insight is actually given to broad statements like this.  A bit like saying ‘man will land on Mars’ don’t you think?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 03, 2020, 10:51:53 AM
Quote from: Griffith on December 03, 2020, 07:17:38 AM
Bitcoin can be used for payments, though it is relatively cumbersome.

Hard currencies are used as a hedge. Exchange Traded Funds as well. Bitcoin would still be competition.

Hard currencies are used as a safe haven, not a hedge. The USD is a hard currency, people hedge against the USD as it devalues.

Bitcoin, if it actually becomes something, will be a hedge against currencies because it is a fixed system of supply. It will be in direct competition with other hedges, in particular gold. It won’t be competing against currencies because it isn’t structured to be one.

However look at Diem. It is structured like a currency (ie expansionary) and is meant to be a currency used for online payments. That is a system that will compete directly against today’s currencies.

 Why is it that BTC (which isn’t structured like a currency) will be banned but Diem which is structured like a currency will take over the world no problem?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 03, 2020, 11:51:35 AM
Quote from: Mayday on December 03, 2020, 10:51:53 AM
Hard currencies are used as a safe haven, not a hedge. The USD is a hard currency, people hedge against the USD as it devalues.

Bitcoin, if it actually becomes something, will be a hedge against currencies because it is a fixed system of supply. It will be in direct competition with other hedges, in particular gold. It won’t be competing against currencies because it isn’t structured to be one.

However look at Diem. It is structured like a currency (ie expansionary) and is meant to be a currency used for online payments. That is a system that will compete directly against today’s currencies.

 Why is it that BTC (which isn’t structured like a currency) will be banned but Diem which is structured like a currency will take over the world no problem?

Hard currencies are used as a hedge against weaker currencies or currencies with high volatility or devaluation.

For instance, someone with Argentina Pesos might want to hedge against devaluation of their own currency by buying US dollars or Euros and using them as a store of value for this purpose. Companies and banks often hedge foreign exchange risk. In these instances, hedging involves different currencies, not necessarily hard currencies either.

The ‘problem’ with Bitcoin in comparison to another proposed currency or store of value is that it provides higher scope for tax evasion, is harder to track and can more easily be used for relatively anonymous purchases (done privately) which can be used in criminal activities.

Diem will not be anonymous, it’s created by Facebook and will be easier to monitor.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 03, 2020, 01:07:09 PM
Quote from: Griffith on December 03, 2020, 11:51:35 AM
Hard currencies are used as a hedge against weaker currencies or currencies with high volatility or devaluation.

For instance, someone with Argentina Pesos might want to hedge against devaluation of their own currency by buying US dollars or Euros and using them as a store of value for this purpose. Companies and banks often hedge foreign exchange risk. In these instances, hedging involves different currencies, not necessarily hard currencies either.

The ‘problem’ with Bitcoin in comparison to another proposed currency or store of value is that it provides higher scope for tax evasion, is harder to track and can more easily be used for relatively anonymous purchases (done privately) which can be used in criminal activities.

Diem will not be anonymous, it’s created by Facebook and will be easier to monitor.

Thanks for the context.

Absolutely, if I was in Zimbabwe earning Zim bucks which is well known for is huge devaluation, I will hold USD just like many do there today.

For business use I may ‘hedge’ currency for 3mths at a time to avoid short term market swings but that is very different to outright currency devaluation. I posted on here that the major countries all peg somewhat to the USD. When central banks do it in unison you won’t see these wild currency vs currency swings. what you will see is shares rocket up along with other asset classes the QE seeks out. Eg if I print 5% more Mayday bucks and you print 5% more Griff bucks our exchange rate remains the same. This is why all the US QE isn’t killing your dollar.

 I’d wager 99.99% on here use metals, shares, property to hedge against local currency. Today, None of us would keep 500k in the bank in any currency vs holding an asset. I think we probably understand each other on this one yeah?

For tax evasion on BTC sure it can be done but it’s not as easy as people think. Once you are in you’d pretty much have to stay in. You can’t put BTC into exchanges (transactions are reported) and you can’t ‘cash out’ as bank accounts are reported. One would have a personal wallet or use cold storage and assume someone selling something you want to buy will also being evading taxes in order for you to make a tax free purchase, not something I can do today.

I can’t see the tax issue being large enough when today govts are concerned about no wage inflation and growing long term unemployment. They are currently testing basal income which is the exact opposite of taxes. No need to worry about average joe avoiding tax if you are paying them directly.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tres_taco_combo on December 03, 2020, 01:51:33 PM
any of you guys use your bitcoin for a down payment on a home, or cash out to invest it or enjoy it? or keeping in the account?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 03, 2020, 02:05:20 PM
Quote from: Griffith on December 03, 2020, 11:51:35 AM
Diem will not be anonymous, it’s created by Facebook and will be easier to monitor.

Anonymity isn’t the issue. Taxation isn’t the issue.

A privately controlled expansionary currency competing directly with a centrally controlled expansionary currency is in direct conflict with the economy. Even the very basic of basic knowledge should understand why that is.

Are you claiming all global govts, central banks and financial industry leaders today are ready to hand over the keys to Zuckerberg to control the global monetary system?

Zillo was unable to answer any timeframe just that when it happens it happens..... can you do better than that as It seems people are looking out towards the 500yr mark in order for their statements to be correct.

Anabolic was at least honest and said he was working on 100yr+ Timelines for his claims to happen.  Whereas I look at 1yr, 3yr, 10yr for my claims which very much answers the ‘what happens now’ timeframe.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 03, 2020, 02:17:10 PM
Quote from: tres_taco_combo on December 03, 2020, 01:51:33 PM
any of you guys use your bitcoin for a down payment on a home, or cash out to invest it or enjoy it? or keeping in the account?

50% tax if I sell inside 1yr. 25% tax if I sell after 1yr.

I was in at 7k and I hold an uncomfortable amount.

At the value today I don’t feel like it has become anything significant for me to cash out. I have a 10yr outlook though. People thinking it will go to 100k next year will be disappointed IMO.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on December 03, 2020, 05:22:03 PM
Quote from: Mayday on December 03, 2020, 02:17:10 PM
50% tax if I sell inside 1yr. 25% tax if I sell after 1yr.

I was in at 7k and I hold an uncomfortable amount.

At the value today I don’t feel like it has become anything significant for me to cash out. I have a 10yr outlook though. People thinking it will go to 100k next year will be disappointed IMO.

You and gib seem quite late to the party considering, 5k and 7k entry points.
Where were you guys 6+ years ago?
Also what do you consider uncomfortable? 7-8 figures?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 03, 2020, 08:57:41 PM
Quote from: Theoak* on December 03, 2020, 05:22:03 PM
You and gib seem quite late to the party considering, 5k and 7k entry points.
Where were you guys 6+ years ago?
Also what do you consider uncomfortable? 7-8 figures?

That’s post pandemic during it’s last down cycle.

I don’t do much market participation.

Uncomfortable is a reference to suggest it’s enough where I calculated what was more than reasonable then I added 15% which made it uncomfortable.

Keeping in mind crypto is nothing in today’s world. Magic beans with the promise of a beanstalk. I’m not hyping it to others. I’m looking at my knowledge of the monetary system and decided to push myself this time and test my predictions. It’s easy to be an armchair expert with nothing on the line but put your money where your mouth is and you become more thorough in your analysis.

I like to be challenged over it. I have no problem with being wrong because I will be right the next time. Every question asked is a time where I review how things operate, a chance to check my assessment is correct.

I’m either going to do extremely well or have a gigantic fuckup where it turns out everything I said was incorrect and everybody else was right.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 03, 2020, 09:42:10 PM
Quote from: Theoak* on December 03, 2020, 05:22:03 PM
You and gib seem quite late to the party considering, 5k and 7k entry points.
Where were you guys 6+ years ago?
Also what do you consider uncomfortable? 7-8 figures?

In financial terms in was already very comfortable 6+ years ago financially. I held no Bitcoin, and was both skeptical and unknowledgeable. (However, unlike Mr Anabolic, I educated myself). I see and understand the same things that Maday does). Win investing, if you make an error in your approach or thinking, you need to adjust and correct it. Stubborn ignorance is not a good option. The most successful investors (and indeed people in life) stay open minded and are always questioning,

As for what is an "uncomfortable amount to hold", this should not be measured in nominal amounts, but rather % of portfolio allocation. Everyone should own some bitcoin. I would suggest an allocation of net worth of 0.5% to 10%. For most people an allocation of around 1%-2% is a good start. Can gradually build on that and move fiat into BTC over time as a store of value if needed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 03, 2020, 09:46:39 PM
Quote from: Mayday on December 03, 2020, 02:17:10 PM
50% tax if I sell inside 1yr. 25% tax if I sell after 1yr.

I was in at 7k and I hold an uncomfortable amount.

At the value today I don’t feel like it has become anything significant for me to cash out. I have a 10yr outlook though. People thinking it will go to 100k next year will be disappointed IMO.

One slight additional comment to make here. Mayday may be referring to taxes which may apply in the US. The vast majority of people do not pay tax on BTC gains (both in the US and globally). (I certainly don't). But yes, some jurisdictions do treat capital gains, or "trading gains if being conducted as a business activity" as taxable income. Note, if your reside somewhere taxable you can simply hold, and then cash in offshore at a luxury travel destination country of your choice. Or you can exchange for goods/services/fiat currency away from any regulated exchange, thus avoiding a tax claim in that way. If you are worried, best is simply to hold long term and not realize a taxable gain.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 03, 2020, 09:50:11 PM
Quote from: tres_taco_combo on December 03, 2020, 01:51:33 PM
any of you guys use your bitcoin for a down payment on a home, or cash out to invest it or enjoy it? or keeping in the account?

For me its long term HODL. The utility of BTC will become apparent over time, at which point I will greatly enjoy all the protection, security, options in life, and benefits that BTC brings me.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 03, 2020, 09:55:12 PM
Quote from: obsidian on December 02, 2020, 11:57:01 PM
You are forgetting one thing. Ethereum is now moving to Proof of Stake. Coinbase will be supporting staking of Ethereum. When you stake ETH you get paid back ETH in interest. It is like a savings account that offers decent interest rates. This many believe will drive up the price of ETH because people will have an incentive to hold on to their ETH.

Bitcoin is not the only player in town. It has first mover advantage but it would be naive to think it alone will remain and increase in value. There are way too many people who have a stake in other currencies.

I plan on converting some of my ETH to BTC when I am happy with the ratio. The current ratio favors Bitcoin but that might change. The key thing is to have patience and play the game long. If I am going to stake my ETH it may be locked in for years. I'd rather lose all my investments in crypto than sell early and see it go to the moon. That's a decision I have made for myself. I am willing to lose it all.

There are some benefits of proof-of-stake.

    Less energy and monetary cost: for Bitcoin mining, miners need to spend around $50,000 per hour for electricity which means $1.2 million per day or $36 million per month. With proof-of-stake, you can cut all these costs out.
    No need for special equipment: since you cut out all mining costs, there is no need for better equipment or ASICs (application-specific integrated circuit).
    Stop 51% attacks: a 51% attack happens when a group of miners control over 50% of a blockchain’s hashing power, and use this power to mess with the blockchain. Proof-of-stake contributes 51% instead of this hypothetical group of miners, protecting the blockchain.
    Avoid bad validators: every validator who has their own funds locked up in the blockchain would make sure that they are not adding any wrong blocks to the chain because that would mean their entire stake invested would be taken away from them.
    Faster validation: all new blocks  created by a validator will be validated faster.
    Scalability: splitting the entire Ethereum network into multiple portions called ‘shards’. Each shard would contain its own independent state, meaning a unique set of account balances and smart contracts.

Even if the rules of proof-of-stake seem simplistic to implement, what differentiates Casper from the rest is that it incentivizes the honest miners and punishes the dishonest ones. If you have your stake on a malicious block, then your stake will be gone  forever. It will punish anyone who doesn’t play by the rules.

https://support.bitkub.com/hc/en-us/articles/360030574932-What-are-the-advantages-of-Proof-Of-Stake-

Watch this. It explains well why BTC will succeed long term over BTC, including the problems with ETH not being truly decentralized:

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 03, 2020, 10:03:58 PM
Quote from: Griffith on December 02, 2020, 09:15:14 PM
Keep telling yourself that if it makes you feel better and keep ‘trusting’ in your government to protect you.

‘They will never do something like that’ lmao

If there’s a Fedcoin, Bitcoin will be shut down as it will defeat the objectives of a Fedcoin. Any bans or shutdowns can obviously also be achieved by indirect methods.

Try not to shit your pants and keep trusting in your government and others globally which want to protect you and allow untraceable, untaxed investments and money, and an easier way to pay for criminal activities  ;D

Dude, you have this entirely back to front. I don't trust the Government. Neither should you. The Government steals money from you in many ways. And with FedCoin it will not only steal from you, but control you. Bitcoin is the ultimate defense against that, but it will be the rich and powerful who benefit most from that defense. The rest (the masses who don't have Bitcoin), will be helpless, and that largely will suit the powers that be who will then have a supply of compliant and controllable servants of 95-99% of the population. You still have a chance... Buy. HODL. You will thank me in the years to come.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Methyl m1ke on December 03, 2020, 11:18:12 PM
Seems to me btc is being inflated to attract investors and then pull the rug out from under them. Btc is easentially air its only value is purely speculative. Gold on the other hand has been valuable forever. You cannot do much with it but at least you actually own some gold. With btc what do you posses? Nothing thats only worth something for the moment.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 03, 2020, 11:26:23 PM
Quote from: Mayday on December 03, 2020, 10:27:41 AM
A bit like saying ‘man will land on Mars’ don’t you think?

its kinda like – select men have secretly been on mars, for quite some time.. creating infrastructure necessary to sustain life.. unbeknownst to the human population of earth at large.

these few then set in motion a process by which earth is slowly destroyed... in an incremental, irreversible, and very public way – as things become more dire - these few – will offer the inhabitants of earth safe passage to a viable lifespan on mars in exchange for their freedom.

the inhabitants of earth will b desperate.

the 'when'... is difficult, for this reason:

Quote from: Zillotch on December 02, 2020, 05:19:42 AM
AI is effectively calling the shots


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 03, 2020, 11:35:50 PM
Quote from: Methyl m1ke on December 03, 2020, 11:18:12 PM
Seems to me btc is being inflated to attract investors and then pull the rug out from under them. Btc is easentially air its only value is purely speculative. Gold on the other hand has been valuable forever. You cannot do much with it but at least you actually own some gold. With btc what do you posses? Nothing thats only worth something for the moment.

Both gold and BTC get their value primarily due to others to accept them as a store of value. They are both inherently speculative, only with BTC having huge advantages over gold in terms of divisibility, portability, security, etc. If the collective demand falls for any speculative asset, its value falls. Which is why right now gold is falling and BTC is rising as the total collective agreement as to what to use to store wealth is changing from analogue to digital. Did you watch the full video I posted?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Methyl m1ke on December 03, 2020, 11:47:44 PM
Quote from: Zillotch on December 03, 2020, 11:26:23 PM
its kinda like – select men have secretly been on mars, for quite some time.. creating infrastructure necessary to sustain life.. unbeknownst to the human population of earth at large.

these few then set in motion a process by which earth is slowly destroyed... in an incremental, irreversible, and very public way – as things become more dire - these few – will offer the inhabitants of earth safe passage to a viable lifespan on mars in exchange for their freedom.

the inhabitants of earth will b desperate.

the 'when'... is difficult, for this reason:

You are smoking wayyy too much.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 04, 2020, 01:35:09 AM
Quote from: gib on December 03, 2020, 11:35:50 PM
only with BTC having huge advantages over gold in terms of divisibility, portability, security

 ::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 04, 2020, 04:30:45 AM
Quote from: Zillotch on December 03, 2020, 11:26:23 PM
the 'when'... is difficult

the closer we get to the worldwide vaccine mandate, the closer we will get to the single system of economic function.... the tech will be within the vaccine.

Quote from: Zillotch on December 01, 2020, 05:55:35 AM
the vaccine - will introduce a host of extraordinarily bad technologies into your system that will fundamentally change what u r.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 04, 2020, 05:14:51 AM
Quote from: gib on December 03, 2020, 09:42:10 PM
Everyone should own some bitcoin.

bitcoin will go away soon, as its function – building out the blockchain - is no longer needed.

Quote from: Griffith on December 03, 2020, 06:58:49 AM
When will Diem be released?

2021
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on December 04, 2020, 10:38:34 AM
Quote from: Methyl m1ke on December 03, 2020, 11:18:12 PM
Seems to me btc is being inflated to attract investors and then pull the rug out from under them. Btc is easentially air its only value is purely speculative. Gold on the other hand has been valuable forever. You cannot do much with it but at least you actually own some gold. With btc what do you posses? Nothing thats only worth something for the moment.
This ^
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 04, 2020, 12:50:15 PM
Quote from: Methyl m1ke on December 03, 2020, 11:18:12 PM
Seems to me btc is being inflated to attract investors and then pull the rug out from under them. Btc is easentially air its only value is purely speculative. Gold on the other hand has been valuable forever. You cannot do much with it but at least you actually own some gold. With btc what do you posses? Nothing thats only worth something for the moment.

And of course gold is also used in electronics, computers and aerospace. The only substitutes are other precious metal such as palladium and platinum.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 05, 2020, 04:29:31 AM
if u told me, at the beginning of this thread - that gold would soon b worthless... I would have asked u to pass the joint.

but it will be.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 05, 2020, 05:01:58 AM
Quote from: gib on September 01, 2017, 05:16:14 PM
North Korea buying. And china buying big time.

So that is a stamp of approval?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on December 05, 2020, 07:40:43 AM
‘Nobody’s going to ban bitcoin’: US official

Watchdog chief says the leading crypto's smooth integration into the financial system is a top priority

“Killing” bitcoin is not on the US government’s agenda, assures a senior official.

Brian Brooks, head of the Office of the Comptroller of the Currency, the bureau of the Treasury Department that supervises federal banks, said regulators merely wish to ensure that the leading crypto’s integration into the financial system happens smoothly.

In an interview with CNBC’s Squawk Box on Friday, Brooks explained:  “We’re very focused on getting this right. We are very focused on not killing this, and it is equally important that we develop the networks behind bitcoin and other cryptos as it is that we prevent money laundering and terrorism financing.”
YouTube Poster

Brooks was responding to a question about whether the Trump administration was planning to implement draconian crypto regulations before President-elect Joe Biden takes office in January. Coinbase CEO Brian Armstrong put the spotlight on the issue last month in a series of tweets explaining why banning self-hosted crypto wallets would have a negative impact, sparking fears of an impending regulatory crackdown.

However, Brooks, whose recent appointment by Trump has been criticized by Democrats, who believe he will be too soft on Wall Street banks, assured, “I think you’re going to see a lot of good news for crypto by the end of the Trump term. Some of it is going to have to do with banks connecting to blockchains, some of it is going to be more clarity around the nature of these assets.”

https://asiatimes.com/2020/12/nobodys-going-to-ban-bitcoin-us-official/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 06, 2020, 02:10:19 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 06, 2020, 02:35:53 AM
that sniper shot, tho
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 06, 2020, 03:12:36 AM
gold, real estate... hopes and dreams... all of it – gone.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 06, 2020, 02:50:59 PM
Quote from: Methyl m1ke on December 03, 2020, 11:18:12 PM
Seems to me btc is being inflated to attract investors and then pull the rug out from under them.

Probably the most rational argument I have read here.

For BtC to ramp over 20k requires more large players. The latest ramp was largely a result of PayPal.

So the lure is really there for whales to jump in, not so much for plebs to take action because our inputs are so small it doesn’t result to much in the grand scheme of things. Eg gold is priced where it is and stable due to the mega wealthy, not average Joe.

When you have JPM making noises, it’s to lure other institutions to jump in, not a signal that they are about to do it themselves.

So the question becomes why would mega wealth jump in? Their answer would probably be what you said.  If that group capitulates slowly one by one, you form a consensus and that’s where the belief system in BTC being a hedge becomes a reality.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on December 06, 2020, 03:37:50 PM
Quote from: Mayday on December 06, 2020, 02:50:59 PM
Probably the most rational argument I have read here.

For BtC to ramp over 20k requires more large players. The latest ramp was largely a result of PayPal.

So the lure is really there for whales to jump in, not so much for plebs to take action because our inputs are so small it doesn’t result to much in the grand scheme of things. Eg gold is priced where it is and stable due to the mega wealthy, not average Joe.

When you have JPM making noises, it’s to lure other institutions to jump in, not a signal that they are about to do it themselves.

So the question becomes why would mega wealth jump in? Their answer would probably be what you said.  If that group capitulates slowly one by one, you form a consensus and that’s where the belief system in BTC being a hedge becomes a reality.

Really? So what does it mean to "pull the rug" from under them. Investors jump in and the price goes up and then, what? Somebody (who?) decides that the price has gone up high enough and it's time to "pull the rug." So what does that mean? How is it done?
Who does this? Where does all the money "pulled" go?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 06, 2020, 05:04:29 PM
Quote from: pellius on December 06, 2020, 03:37:50 PM
Really? So what does it mean to "pull the rug" from under them. Investors jump in and the price goes up and then, what? Somebody (who?) decides that the price has gone up high enough and it's time to "pull the rug." So what does that mean? How is it done?
Who does this? Where does all the money "pulled" go?

My opinion is the last bit of my post. They will end up forming a consensus and making it a proper hedge.

To answer your question is to pull the rug meaning the major holders lure in others in order to bail themselves out and leave the new comers holding the bag.

Who decides? The major holders will make their own decision and those left make their decision after that and so on. No different to the share market.
How? They sell on an exchange the same way they bought.
Where does the money go? To whatever they want to invest in.

BTC isn’t established as a real anything yet but it also hasn’t gone away. The fact it came back is what pulled me in which would be the same thing that is happening to others who have changed their tune.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on December 06, 2020, 05:19:07 PM
Quote from: Mayday on December 06, 2020, 05:04:29 PM
.

BTC isn’t established as a real anything yet but it also hasn’t gone away. The fact it came back is what pulled me in which would be the same thing that is happening to others who have changed their tune.

This.I was convinced it would never survive after the 2017-2018 dump.The fact that now 3 years later its back at its old ath and institutions are wanting more than is currently being mined, and seriously looking at it as a replacement for gold.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 07, 2020, 02:58:17 AM
Mr Anabolic's favorite twins...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 07, 2020, 04:45:26 PM
They address some of the many of Mr A's objections. Bitcoin is not secure, it can be stolen from an exchange, gold has a practical application therefore is better, a FedCoin will displace BTC, etc, etc.

Their price forecast is $500,000 per coin by 2030, and "possibly as even within the next 5 years".
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 07, 2020, 05:51:48 PM
gib is a die hard.... but the path forward is clear at this point.

diem.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 07, 2020, 06:24:32 PM
Quote from: Zillotch on December 07, 2020, 05:51:48 PM
gib is a die hard.... but the path forward is clear at this point.

diem.

Your position is clear.

You believe all central banks, retail banks, financial institutions, govts and the super wealthy and powerful agreed to hand over all power and financial control to Zuckerberg and Facebook.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 07, 2020, 06:32:49 PM
Quote from: Mayday on December 07, 2020, 06:24:32 PM
Your position is clear.

You believe all central banks, retail banks, financial institutions, govts and the super wealthy and powerful agreed to hand over all power and financial control to Zuckerberg and Facebook.

yes.

Its time to get real, in my estimation.

Zuckerberg.. is theater, nothing more.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 07, 2020, 06:41:00 PM
Quote from: Zillotch on December 07, 2020, 06:32:49 PM
yes.

Its time to get real, in my estimation.

Zuckerberg.. is theater, nothing more.

So like you believe, everybody of power and wealth are giving it away to Zuckerberg and Facebook.

Also you think China are giving all their power away to Zuckerberg and Facebook.

You sound nuts of course but hey, if you are going to sound like a nut, be the best nut you can be! Salute!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 07, 2020, 06:48:05 PM
Quote from: Mayday on December 07, 2020, 06:41:00 PM
So like you believe, everybody of power and wealth are giving it away to Zuckerberg and Facebook.

again:

Quote from: Zillotch on December 07, 2020, 06:32:49 PM
Zuckerberg.. is theater, nothing more.

zuck has nothing to do with the power brokers behind diem.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 07, 2020, 11:21:01 PM
Quote from: Zillotch on December 07, 2020, 06:48:05 PM
again:

zuck has nothing to do with the power brokers behind diem.

Zillo your comment is incredibly ignorant in a number of ways. First, the "power brokers" are slowly but surely coming around to accepting and indeed embracing bitcoin. Second, the entire point of BTC is that it decentralized and independent, as opposed to being created or controlled by US corporates. Facebook has a huge amount of privacy and data issues associated with it that would impact the acceptance of Diem. Further, Diem would not be truly decentralized. Its really a non-starter when compared to the role BTC as has digital gold.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 07, 2020, 11:56:05 PM
Quote from: gib on December 07, 2020, 11:21:01 PM
Zillo your comment is incredibly ignorant in a number of ways.

on its face - it sounds that way.

I was never a bitcoin denier – on the contrary.. it was indeed 'free money', for a while there.

now, reality dictates otherwise.

I'm not gonna sit here and try to lead the horse... every man must come to his own conclusions.

I've always said – follow the tech. the blockchain will remain.

look at concordia... the libra group - that is diem.

or dont... either way

Quote from: Zillotch on December 03, 2020, 04:53:40 AM
you will find out in real time, right along with me.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on December 08, 2020, 12:02:08 AM
Quote from: Zillotch on December 07, 2020, 11:56:05 PM
on its face - its sounds that way.

I was never a bitcoin denier – on the contrary.. it was indeed 'free money', for a while there.

now, reality dictates otherwise.

I'm not gonna sit here and try to lead the horse... every man must come to his own conclusions.

I've always said – follow the tech. the blockchain will remain.

look at concordia... the libra group - that is diem.

or dont... either way

sorry if I am interpreting, but are you not comparing a fixed price digital currency in Libra to a store of value coin in Bitcoin?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 08, 2020, 12:35:07 AM
Quote from: Zillotch on December 07, 2020, 06:48:05 PM
again:

zuck has nothing to do with the power brokers behind diem.

Umm he has everything to do with it as he owns 30% of the platform and is one of the most powerful people in the world.

Again, what timeline are you working on? You said it will happen when it happens which would be operating on a timeline akin to predicting an alien invasion. If you don’t want to sound like
Such a nut, chuck a timeline on it so we know wtf you are on about lol.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 08, 2020, 03:15:20 AM
Quote from: Mayday on December 08, 2020, 12:35:07 AM
If you don’t want to sound like Such a nut, chuck a timeline on it so we know wtf you are on about lol.

thats the thing, tho – this shit is nutty... so nutty.

everything in the future (in terms of profit) will b based on transaction fees within diem.

I truly believe that this is the beast system by which the antichrist will operate - just like I've said about blockchain throughout this thread... this tech is dark.

that sounds nutty as well... but look at the world.

there is no upside, imo
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 08, 2020, 03:30:23 AM
Quote from: Zillotch on December 08, 2020, 03:15:20 AM
thats the thing, tho – this shit is nutty... so nutty.

everything in the future (in terms of profit) will b based on transaction fees within diem.

I truly believe that this is the beast system by which the antichrist will operate - just like I've said about blockchain throughout this thread... this tech is dark.

that sounds nutty as well... but look at the world.

there is no upside, imo

That’s something waaaaay into the future though.

By the time that rocks around we will probably all wear grey pyjamas as a uniform and have to sit on spin bikes for 8hrs a day to earn food credit type of stuff lol.

This current decade will have the new system being built around basal income. They then need to figure out whether the stock market investers care that the metrics have all been blown to shit and the basis on investment is on QE hitting the major shares.

I agree the world is nutty. I never believed they would shut down the world because like I told my wife it would collapse the monetary system and they’d have to figure it all out. Yet here we are lol. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 08, 2020, 04:17:04 AM
Quote from: Mayday on December 08, 2020, 03:30:23 AM
That’s something waaaaay into the future though.

remember when I posted this nutty shit? (yes, mike... I smoke too much weed)

Quote from: Zillotch on December 03, 2020, 11:26:23 PM
its kinda like – select men have secretly been on mars, for quite some time.. creating infrastructure necessary to sustain life.. unbeknownst to the human population of earth at large.

these few then set in motion a process by which earth is slowly destroyed... in an incremental, irreversible, and very public way – as things become more dire - these few – will offer the inhabitants of earth safe passage to a viable lifespan on mars in exchange for their freedom.

the inhabitants of earth will b desperate.

I was trying to say that this scenario... as I understand it.. in which a select few... reap the profits from them transaction fees (trillions of transactions a day, going thru diems blockchain crypto system, and only diems blockchain crypto system).. is essentially done.

trillions of transactions a day

u can see why that scenario would be attractive... to the few.

If u ain't in from jump – you're not getting in.

and that is why... everything goes away.

I pray to God that u r right, tho... and we have a decade left... cuz they could flip the switch right now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on December 08, 2020, 08:48:01 AM
Agenda 2030
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on December 08, 2020, 01:28:06 PM
I'm surprised there hasn't been more of an uprising worldwide over this shit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on December 08, 2020, 04:31:49 PM
Wells Fargo: Bitcoin and Other Cryptocurrencies Are No Fad

The traditional banking firm suggests that crypto naysayers are wrong to call it a fad, but stops short of recommending investment… for now.

After a year that has seen the price of Bitcoin
bounce from a pandemic panic-dinged low near $5,000 and a recent all-time-high just shy of $20,000, one of the traditional banking giants says that maybe cryptocurrencyis worth paying attention to after all—and that it’s not a fad.

In a new investment strategy report posted yesterday, Wells Fargo—the world’s fourth-largest bank by market cap—offered perspective on Bitcoin and the wider cryptocurrency market. And while it’s hardly a recommendation, the report at least strikes an optimistic tone about what it sees as a potential future for wider investments in cryptocurrency.

“Over the past 12 years, they have risen from literally nothing to $560 billion in market capitalization,” the report reads. “Fads don’t typically last 12 years.”

The crypto faithful might roll their eyes at such a discussion, but Wells Fargo’s audience here is mainstream investors, and most of them probably aren’t holding onto a stash BTC or ETH. The report leads with Bitcoin’s immense 2020 gains, noting a 170% year-over-year price increase over last year, but then tempers enthusiasm by pointing out the price volatility seen over the last few years.

“If you feel left out of the gains, don’t. The chart highlights that bitcoin has indeed outperformed gold and the S&P 500 Index over the last three years, but look at the volatile journey bitcoin investors had to endure to get there,” it reads.

“Up until only two months ago, three-year total returns were pretty much the same among the three assets, but volatility differed. Cryptocurrency investing today is a bit like living in the early days of the 1850’s gold rush, which involved more speculating than investing.”

A provided indexed value chart shows Bitcoin, gold, and the S&P 500 Index all starting at the same point and all landing in a similar place after nearly three years. However, the Bitcoin line suddenly jumps up much higher right at the end, signifying the immense price boost seen over the last month and a half.

Ultimately, Wells Fargo seems optimistic about crypto’s future, adding, “Cryptocurrencies could become investment-worthy one day, though.” Furthermore, the firm suggests that it will pay more attention to the crypto space in 2021 and provide more perspective for potential investors.

https://decrypt.co/50783/wells-fargo-bitcoin-cryptocurrencies-no-fad
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 08, 2020, 06:32:05 PM
Quote from: Humble Narcissist on December 08, 2020, 01:28:06 PM
I'm surprised there hasn't been more of an uprising worldwide over this shit.

Dude the uprising is happening as we speak. It's called Bitcoin. Bitcoin is your protection against what is coming. If you don't understand then educate yourself.

I'll make this simple.

1. Get a Bitcoin (or whatever you can afford now).

2. Ideally buy it peer-to-peer (as opposed to off an exchange as an exchange may require KYC details and then have information on who you are).

3. Store the BTC off-exchange, in cold storage.

4. HODL.

You will thank me in 2030, even if you don't understand this now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 08, 2020, 09:11:18 PM
Quote from: gib on December 08, 2020, 06:32:05 PM
Dude the uprising is happening as we speak. It's called Bitcoin. Bitcoin is your protection against what is coming.

one of the saddest elements in all of this, imo... is that this very attitude is fueling the end of bitcoin, and all economic life as we know it.

participation in crypto now, accelerates the infrastructure of diem... they got the plebs to do the grunt work.

your end, will b brought to u by the sweat off ur own brow... lol

busy worker bees.

when the smoke clears, and these few offer the gibster an opportunity to exchange his bits for them diem dollars.. he's gonna do it.

he's gonna have to.

there will be nowhere to go... no crypto.. metals, real estate commodities stocks.. bye bye

its a new game.

play ball - maintain some semblance of a life.

that hook, tho.. don't worry, them transaction fees will b reasonable... prices will b fair... biotech will b painless.

the illusion of convenience, at the cost of your soul.

sinister.

gib will re appear, somewhere... maybe this thread.. pushing diem at some point, watch.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 08, 2020, 09:30:17 PM
Bitcoin is decentralized, limited in supply, can be exchanged anonymously, does not track on what its spent on, and is controlled by no-one.

Diem is the exact opposite.

Diem will drive huge demand for BTC just as a FedCoin will (for obvious reasons).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 08, 2020, 09:33:15 PM
Quote from: polychronopolous on December 08, 2020, 04:31:49 PM
Wells Fargo: Bitcoin and Other Cryptocurrencies Are No Fad

The traditional banking firm suggests that crypto naysayers are wrong to call it a fad, but stops short of recommending investment… for now.

After a year that has seen the price of Bitcoin
bounce from a pandemic panic-dinged low near $5,000 and a recent all-time-high just shy of $20,000, one of the traditional banking giants says that maybe cryptocurrencyis worth paying attention to after all—and that it’s not a fad.

In a new investment strategy report posted yesterday, Wells Fargo—the world’s fourth-largest bank by market cap—offered perspective on Bitcoin and the wider cryptocurrency market. And while it’s hardly a recommendation, the report at least strikes an optimistic tone about what it sees as a potential future for wider investments in cryptocurrency.

“Over the past 12 years, they have risen from literally nothing to $560 billion in market capitalization,” the report reads. “Fads don’t typically last 12 years.”

The crypto faithful might roll their eyes at such a discussion, but Wells Fargo’s audience here is mainstream investors, and most of them probably aren’t holding onto a stash BTC or ETH. The report leads with Bitcoin’s immense 2020 gains, noting a 170% year-over-year price increase over last year, but then tempers enthusiasm by pointing out the price volatility seen over the last few years.

“If you feel left out of the gains, don’t. The chart highlights that bitcoin has indeed outperformed gold and the S&P 500 Index over the last three years, but look at the volatile journey bitcoin investors had to endure to get there,” it reads.

“Up until only two months ago, three-year total returns were pretty much the same among the three assets, but volatility differed. Cryptocurrency investing today is a bit like living in the early days of the 1850’s gold rush, which involved more speculating than investing.”

A provided indexed value chart shows Bitcoin, gold, and the S&P 500 Index all starting at the same point and all landing in a similar place after nearly three years. However, the Bitcoin line suddenly jumps up much higher right at the end, signifying the immense price boost seen over the last month and a half.

Ultimately, Wells Fargo seems optimistic about crypto’s future, adding, “Cryptocurrencies could become investment-worthy one day, though.” Furthermore, the firm suggests that it will pay more attention to the crypto space in 2021 and provide more perspective for potential investors.

https://decrypt.co/50783/wells-fargo-bitcoin-cryptocurrencies-no-fad

Poor old Mr Anabolic. Its almost as though parts of this article are deliberately having a dig at him... lol!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on December 08, 2020, 09:34:49 PM
Quote from: gib on December 08, 2020, 09:30:17 PM
Bitcoin is decentralized, limited in supply, can be exchanged anonymously, does not track on what its spent on, and is controlled by no-one.

Diem is the exact opposite.

Diem will drive huge demand for BTC just as a FedCoin will (for obvious reasons).

i'm bowing out of this thread.

good luck.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on December 09, 2020, 04:10:44 AM
Quote from: gib on December 08, 2020, 06:32:05 PM
Dude the uprising is happening as we speak. It's called Bitcoin. Bitcoin is your protection against what is coming. If you don't understand then educate yourself.

I'll make this simple.

1. Get a Bitcoin (or whatever you can afford now).

2. Ideally buy it peer-to-peer (as opposed to off an exchange as an exchange may require KYC details and then have information on who you are).

3. Store the BTC off-exchange, in cold storage.

4. HODL.

You will thank me in 2030, even if you don't understand this now.
I've got a little Bitcoin just for online casinos.  It's easier and quicker to cash out that way.  Bitcoin is not going to save you.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 09, 2020, 04:31:03 AM
Quote from: Zillotch on December 08, 2020, 04:17:04 AM

I pray to God that u r right, tho... and we have a decade left... cuz they could flip the switch right now.

No. they can’t flip the switch right now. Not even remotely close...... Bloody hell, baby Jesus weeps each time you post.

I know enough about currency and monetary systems to be pretty accurate about expected outcomes. We face a reduction of work hours which will be subsidised by basal income. That is what is coming in 2021 and 2022.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 09, 2020, 05:02:17 AM
Quote from: gib on December 08, 2020, 09:33:15 PM
Poor old Mr Anabolic. Its almost as though parts of this article are deliberately having a dig at him... lol!

Old?  'Nanny nanny boo boo' to you too.  lol is right.  They said the exact same things about the dot.coms in the late 90's and housing prices can never go down... many other silly exclamations.  Beanie babies to the moon!

I'm really gonna have a blast with you when it all comes crashing down... for whatever the reason.   
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on December 09, 2020, 06:15:06 AM
Quote from: Mr Anabolic on December 09, 2020, 05:02:17 AM
Old?  'Nanny nanny boo boo' to you too.  lol is right.  They said the exact same things about the dot.coms in the late 90's and housing prices can never go down... many other silly exclamations.  Beanie babies to the moon!

I'm really gonna have a blast with you when it all comes crashing down... for whatever the reason.

I posted a few weeks ago that I sold my blips. I'm still waiting for the bank transfer to clear from one of the top exchanges lmao.

But they're the latest technology they say, going to take over gold/cash/the world but you just got to hodl.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on December 09, 2020, 06:31:01 AM
Quote from: Mr Anabolic on December 09, 2020, 05:02:17 AM
Old?  'Nanny nanny boo boo' to you too.  lol is right.  They said the exact same things about the dot.coms in the late 90's and housing prices can never go down... many other silly exclamations.  Beanie babies to the moon!

I'm really gonna have a blast with you when it all comes crashing down... for whatever the reason.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on December 09, 2020, 07:17:04 AM
MicroStrategy to Raise $400 Million to Buy Even More Bitcoin

MicroStrategy Inc. is doubling down on its Bitcoin bet, saying Monday that it plans to offer $400 million of convertible bonds in order to buy more of the cryptocurrency.

The proceeds from the offering will be invested in Bitcoin “pending the identification of working capital needs,” the Virginia-based company said in statement.

MicroStrategy bills itself as a business-intelligence firm but has been doubling down on its capital-allocation strategy disclosed in July, which included investing up to $250 million in assets including Bitcoin.

MicroStrategy bought more of the cryptocurrency on Dec. 4, saying in a filing that it now has about 40,824 Bitcoins in total.

“We see the recent stock rally as overextended and see incremental risks to the story following an announced $400 million convertible note to fund even more Bitcoin purchases,” said Citigroup analyst Tyler Radke, downgrading his recommendation to a sell.

The stock has doubled since the beginning of November as the price of Bitcoin has also surged. Shares fell 4.8% premarket Tuesday.

  https://www.bloomberg.com/news/articles/2020-12-07/microstrategy-to-raise-400-million-to-buy-even-more-bitcoin
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 09, 2020, 08:46:07 AM
Quote from: polychronopolous on December 09, 2020, 07:17:04 AM
MicroStrategy to Raise $400 Million to Buy Even More Bitcoin

MicroStrategy Inc. is doubling down on its Bitcoin bet, saying Monday that it plans to offer $400 million of convertible bonds in order to buy more of the cryptocurrency.

The proceeds from the offering will be invested in Bitcoin “pending the identification of working capital needs,” the Virginia-based company said in statement.

MicroStrategy bills itself as a business-intelligence firm but has been doubling down on its capital-allocation strategy disclosed in July, which included investing up to $250 million in assets including Bitcoin.

MicroStrategy bought more of the cryptocurrency on Dec. 4, saying in a filing that it now has about 40,824 Bitcoins in total.

“We see the recent stock rally as overextended and see incremental risks to the story following an announced $400 million convertible note to fund even more Bitcoin purchases,” said Citigroup analyst Tyler Radke, downgrading his recommendation to a sell.

The stock has doubled since the beginning of November as the price of Bitcoin has also surged. Shares fell 4.8% premarket Tuesday.

  https://www.bloomberg.com/news/articles/2020-12-07/microstrategy-to-raise-400-million-to-buy-even-more-bitcoin

More and more contrary indicators popping up all over the place now.  Whenever the market cracks, blips will go with it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 09, 2020, 08:49:14 AM
Quote from: a_pupil on December 09, 2020, 06:15:06 AM
I posted a few weeks ago that I sold my blips. I'm still waiting for the bank transfer to clear from one of the top exchanges lmao.

But they're the latest technology they say, going to take over gold/cash/the world but you just got to hodl.

You're one of the smarter blipsters in this thread.   
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 09, 2020, 09:23:04 AM
Quote from: a_pupil on December 09, 2020, 06:15:06 AM
I posted a few weeks ago that I sold my blips. I'm still waiting for the bank transfer to clear from one of the top exchanges lmao.

But they're the latest technology they say, going to take over gold/cash/the world but you just got to hodl.

 :-\

Remember the 'technical difficulties' many of the exchanges were having when people wanted to sell in the previous crash? People were unable to sell even though they wanted to and the price was falling.

Some were even limiting the amount people could withdraw. Many still do limit daily withdrawal amounts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 09, 2020, 02:05:58 PM
Quote from: Griffith on December 09, 2020, 09:23:04 AM
:-\

Remember the 'technical difficulties' many of the exchanges were having when people wanted to sell in the previous crash? People were unable to sell even though they wanted to and the price was falling.

Some were even limiting the amount people could withdraw. Many still do limit daily withdrawal amounts.

The exchange I do limits it unless you input more identification which I have done because I am tracked by the tax authority anyway.

The larger holders don’t keep their BTC on exchanges, but they are long term moves.

It’s a benefit for the long play because these limits, ups and downs don’t impact me if I’m in it for another 9yrs.

if it does take off I’d assume many exchanges today will get shut down as the banks take control. That adds stability.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on December 09, 2020, 03:12:07 PM
Bridgewater’s Ray Dalio Softens Stance on Bitcoin, Says It Has Place in Investors’ Portfolios

Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, has offered a more positive stance on bitcoin than in comments that made headlines last month.

In a Reddit Ask Me Anything (AMA) on Tuesday, Dalio said he thought bitcoin (BTC, +1.55%) and other cryptocurrencies had “established themselves” over the last 10 years and were interesting “gold-like asset alternatives.”

The billionaire hedge-fund manager also noted that cryptocurrencies share similarities and differences to gold and various “limited-supply, mobile (unlike real estate) storeholds of wealth.”

Bitcoin “could serve as a diversifier to gold and other such storehold of wealth assets,” said Dalio. “The main thing is to have some of these type of assets … including stocks, in one’s portfolio and to diversify among them."

Dalio comments are a deviation from a month ago when he said there are three main problems with bitcoin and other cryptocurrencies: a lack of venues accepting digital assets as payment, price volatility and the potential for governments to “outlaw” them.

During the AMA, Dalio also said, when comparing bitcoin to gold, he had a “strong preference” for assets central banks will want to hold and use to exchange value.

https://www.coindesk.com/bridgewaters-ray-dalio-softens-stance-on-bitcoin-says-it-has-place-in-investors-portfolios
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 09, 2020, 04:50:59 PM
Quote from: polychronopolous on December 09, 2020, 03:12:07 PM
Bridgewater’s Ray Dalio Softens Stance on Bitcoin, Says It Has Place in Investors’ Portfolios

Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, has offered a more positive stance on bitcoin than in comments that made headlines last month.

In a Reddit Ask Me Anything (AMA) on Tuesday, Dalio said he thought bitcoin (BTC, +1.55%) and other cryptocurrencies had “established themselves” over the last 10 years and were interesting “gold-like asset alternatives.”

The billionaire hedge-fund manager also noted that cryptocurrencies share similarities and differences to gold and various “limited-supply, mobile (unlike real estate) storeholds of wealth.”

Bitcoin “could serve as a diversifier to gold and other such storehold of wealth assets,” said Dalio. “The main thing is to have some of these type of assets … including stocks, in one’s portfolio and to diversify among them."

Dalio comments are a deviation from a month ago when he said there are three main problems with bitcoin and other cryptocurrencies: a lack of venues accepting digital assets as payment, price volatility and the potential for governments to “outlaw” them.

During the AMA, Dalio also said, when comparing bitcoin to gold, he had a “strong preference” for assets central banks will want to hold and use to exchange value.

https://www.coindesk.com/bridgewaters-ray-dalio-softens-stance-on-bitcoin-says-it-has-place-in-investors-portfolios

Quite significant if Dalio finally acknowledges the legitimacy of BTC. He is a huge advocate for gold, so getting him "on-board" has always been seen as the holy-grail for Bitcoin economists who believe BTC is superior to gold in terms of a hedge against fiat currency devaluation. If his fund ever makes an allocation to BTC this will be huge news and have huge ripple effects.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on December 09, 2020, 06:03:45 PM
JPMorgan Says Gold Will Suffer for Years Because of Bitcoin

Bank says investor adoption of Bitcoin has only just started
 
Gold ETFs are bleeding cash while Bitcoin funds absorb flows


The rise of cryptocurrencies in mainstream finance is coming at the expense of gold, says JPMorgan Chase & Co.

Money has poured into Bitcoin funds and out of gold since October, a trend that’s only going to continue in the long run as more institutional investors take a position in cryptocurrencies, according to the bank’s quantitative strategists including Nikolaos Panigirtzoglou.

JPMorgan is one of the few Wall Street banks that’s predicting a major shift in gold and crypto markets as digital currencies become increasingly popular as an asset class. The trend poses a problem for bulls in precious metals markets over the coming years if investors move, even a small slice, of their allocations away from gold and into crypto.

“The adoption of bitcoin by institutional investors has only begun, while for gold its adoption by institutional investors is very advanced,” wrote the JPMorgan strategists.

The Grayscale Bitcoin Trust, a listed security popular with institutions, has seen inflows of almost $2 billion since October, compared with outflows of $7 billion for exchange-traded funds backed by gold, according to JPMorgan.

JPMorgan’s calculations suggest Bitcoin only accounts for 0.18% of family office assets, compared with 3.3% for gold ETFs. Tilting the needle from gold to bitcoin would represent the transfer of billions in cash.

One way to play the theme is buying one unit of Grayscale and selling three units of the SPDR Gold Trust, the bank said.

“If this medium to longer term thesis proves right, the price of gold would suffer from a structural flow headwind over the coming years,” wrote JPMorgan’s strategists.

In the short term though, there’s a good chance that Bitcoin prices have overshot and gold is due for a recovery, the bank said. For Bitcoin, momentum signals have deteriorated, which will likely cause selling by investors that trade on price trends.

Bitcoin has fallen 6% since closing at an all-time high of $19,462.14 last week.

https://www.bloomberg.com/news/articles/2020-12-09/jpmorgan-says-gold-will-suffer-for-years-because-of-bitcoin
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 09, 2020, 07:48:39 PM
Quote from: polychronopolous on December 09, 2020, 06:03:45 PM
JPMorgan Says Gold Will Suffer for Years Because of Bitcoin

Bank says investor adoption of Bitcoin has only just started
 
Gold ETFs are bleeding cash while Bitcoin funds absorb flows


The rise of cryptocurrencies in mainstream finance is coming at the expense of gold, says JPMorgan Chase & Co.

Money has poured into Bitcoin funds and out of gold since October, a trend that’s only going to continue in the long run as more institutional investors take a position in cryptocurrencies, according to the bank’s quantitative strategists including Nikolaos Panigirtzoglou.

JPMorgan is one of the few Wall Street banks that’s predicting a major shift in gold and crypto markets as digital currencies become increasingly popular as an asset class. The trend poses a problem for bulls in precious metals markets over the coming years if investors move, even a small slice, of their allocations away from gold and into crypto.

“The adoption of bitcoin by institutional investors has only begun, while for gold its adoption by institutional investors is very advanced,” wrote the JPMorgan strategists.

The Grayscale Bitcoin Trust, a listed security popular with institutions, has seen inflows of almost $2 billion since October, compared with outflows of $7 billion for exchange-traded funds backed by gold, according to JPMorgan.

JPMorgan’s calculations suggest Bitcoin only accounts for 0.18% of family office assets, compared with 3.3% for gold ETFs. Tilting the needle from gold to bitcoin would represent the transfer of billions in cash.

One way to play the theme is buying one unit of Grayscale and selling three units of the SPDR Gold Trust, the bank said.

“If this medium to longer term thesis proves right, the price of gold would suffer from a structural flow headwind over the coming years,” wrote JPMorgan’s strategists.

In the short term though, there’s a good chance that Bitcoin prices have overshot and gold is due for a recovery, the bank said. For Bitcoin, momentum signals have deteriorated, which will likely cause selling by investors that trade on price trends.

Bitcoin has fallen 6% since closing at an all-time high of $19,462.14 last week.

https://www.bloomberg.com/news/articles/2020-12-09/jpmorgan-says-gold-will-suffer-for-years-because-of-bitcoin

Poor old Mr Anabolic with his gold and its relative value to BTC fading away.

BTC's marketcap is around 1/40th of gold at present, meaning that even a 1% move from gold to BTC as a store of value pushes up BTC's value far more in % terms due to its size. When BTC equates to gold's current market cap, that translates into a 40x gain in value putting BTC at around $720,000 per coin.

BTC has so many advantages over gold in terms of limited supply, transferability, divisibility, security, etc let alone the fact that the entire new generation of the world is living in a digital world. Let's see. (At least a gold brick could be used for a door stopped, or as a weight to lift. They are damn heavy to move around. Even for a man of my strength.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on December 10, 2020, 02:49:53 PM
169-Year-Old MassMutual Invests $100 Million in Bitcoin


Massachusetts Mutual Life Insurance Co. has purchased $100 million in Bitcoin for its general investment fund, the latest mainstream firm to dabble in digit assets.

The mutual insurer also acquired a $5 million minority equity stake in NYDIG, a subsidiary of Stone Ridge that provides cryptocurrency services to institutions, according to a statement. NYDIG, which already keeps more than $2.3 billion in crypto assets for clients, will provide custody services for MassMutual’s Bitcoins.

MassMutual, which has been around since 1851, is the latest company to invest in the largest cryptocurrency. MicroStrategy Inc. has expanded its investments into the coin, and Square Inc. has poured money into the world’s most popular cryptocurrency as well amid talk of growing institutional adoption and demand.

The investment in Bitcoin will represent 0.04% of the general investment account of nearly $235 billion as of Sept. 30, MassMutual said. “We see this initial investment as a first step, and like any investment, may explore future opportunities,” spokeswoman Chelsea Haraty said in a email.

Bitcoin has more than doubled in price this year, and hit an all-time high earlier this month. Advocates say that Bitcoin is a kind of digital gold, likely to retain its value during times of turmoil and as a hedge against inflation despite the historical volatility of the cryptocurrency.

https://www.bloomberg.com/news/articles/2020-12-10/169-year-old-insurer-massmutual-invests-100-million-in-bitcoin
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 10, 2020, 04:37:40 PM
One of Asia's largest retail banks announcement today:

https://www.bloomberg.com/news/articles/2020-12-10/dbs-to-start-members-only-digital-exchange-for-cryptocurrencies#

As I have predicted, we will move through an adoption cycle, where over time larger players will embrace (primarily because they have not real option not to). This is going to open up the market to a wide range of hedge funds, pension funds, and HNW's / family offices in Asia, many of whom use Singapore as their Asia base. Expect to see the same in Hong Kong also, which is actually Asia's largest financial hub.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 11, 2020, 02:04:01 PM
How is Ripple?

I also see that Ethereum performed better than Bitcoin this year in terms of growth.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 13, 2020, 06:25:38 PM
Quote from: Griffith on December 11, 2020, 02:04:01 PM
How is Ripple?

I also see that Ethereum performed better than Bitcoin this year in terms of growth.

It is foolish to think that an imitator will succeed over BTC. BTC already has the critical mass, network effect, industry support, and many many powerful people and organizations incentivized to ensure it succeeds as the ultimate digital store of value. Most alts including Ripple and Eth are not decentralized, which is one of many major floors. Read my prior posts where I explain to Mr A the foolishness of looking at an alt crypto "because it cheaper".

Its like trying to predict an alt to Coca Cola, that may succeed against the real thing. Thousands of imitators try, get a little bit of traction, but eventually fail.

That is not to say, that an alt may over short periods outperform BTC. But very hard to time. So, as I have said many time before, buy BTC. HODL. Very simple.

Video of interest:

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 13, 2020, 07:17:43 PM
Interesting to hear him make the same comments I do about gold not working.

Although if he read this thread he would understand why.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 13, 2020, 08:41:07 PM
Quote from: gib on December 13, 2020, 06:25:38 PM
It is foolish to think that an imitator will succeed over BTC. BTC already has the critical mass, network effect, industry support, and many many powerful people and organizations incentivized to ensure it succeeds as the ultimate digital store of value. Most alts including Ripple and Eth are not decentralized, which is one of many major floors. Read my prior posts where I explain to Mr A the foolishness of looking at an alt crypto "because it cheaper".

Its like trying to predict an alt to Coca Cola, that may succeed against the real thing. Thousands of imitators try, get a little bit of traction, but eventually fail.

That is not to say, that an alt may over short periods outperform BTC. But very hard to time. So, as I have said many time before, buy BTC. HODL. Very simple.

Video of interest:


Not succeed over BTC. They can coexist. There are others like me for example that are not interested in getting into BTC at the high point where it is right now. If BTC dropped down to 3K or less then maybe. So BTC's high price also holds it back a bit I think. We'll see where it all goes. I plan to get some BTC if ETH catches up a bit. I want to see a ratio of 1:10 or even 1:15. At that point I would get some BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 13, 2020, 10:09:07 PM
Quote from: obsidian on December 13, 2020, 08:41:07 PM
Not succeed over BTC. They can coexist. There are others like me for example that are not interested in getting into BTC at the high point where it is right now. If BTC dropped down to 3K or less then maybe. So BTC's high price also holds it back a bit I think. We'll see where it all goes. I plan to get some BTC if ETH catches up a bit. I want to see a ratio of 1:10 or even 1:15. At that point I would get some BTC.

You are fooling yourself if you think BTC as at a "high price" and that others are cheaper. Is akin to idiots who buy "penny stocks as they are cheaper". (No offence intended here, I am genuinely trying to educate you).

 If it helps, just measure BTC in santoshies (as opposed to the value of an entire coin) and then you can convince yourself its "cheap".

The way any new currency evolves is that there is a collective agreement on what will be used as a store of value. Its ultimately a zero sum game. One crypto emerges as digital gold, the rest fail.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 13, 2020, 10:15:54 PM
Obsidian, can I suggest you take the time to listen to this. Its well well worth it. And then come back and tell me if your thinking has changed?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 14, 2020, 02:46:31 AM
Quote from: obsidian on December 13, 2020, 08:41:07 PM
Not succeed over BTC. They can coexist. There are others like me for example that are not interested in getting into BTC at the high point where it is right now. If BTC dropped down to 3K or less then maybe. So BTC's high price also holds it back a bit I think. We'll see where it all goes. I plan to get some BTC if ETH catches up a bit. I want to see a ratio of 1:10 or even 1:15. At that point I would get some BTC.

Energy for alt coins is very diluted vs 2017.

In 2017 there was 1700 coin options.

In 2020 there are 7,000+.

BTC is the only one at previous high. The others are way way behind. You won’t see the previous ratios again because non-BtC money is just traders looking for quick plays across 6,999 possible options.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on December 14, 2020, 06:03:01 AM
Quote from: obsidian on December 13, 2020, 08:41:07 PM
Not succeed over BTC. They can coexist. There are others like me for example that are not interested in getting into BTC at the high point where it is right now. If BTC dropped down to 3K or less then maybe. So BTC's high price also holds it back a bit I think. We'll see where it all goes. I plan to get some BTC if ETH catches up a bit. I want to see a ratio of 1:10 or even 1:15. At that point I would get some BTC.

Multi million and billion dollar businesses are buying Bitcoin and burying it deep into cold storage where it will not be touched for years. This is not 2018 where you had weak hands selling at the slightest bit of negative news or pullbacks. These companies have done their due diligence, they know what they own and they are going to hold onto it. Long term.

I would expect a supply crunch and a skyrocketing price much more than some massive crash. Anything less than 10k is a pipe dream and anything under 15k is also unlikely imo.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on December 14, 2020, 07:52:50 AM
JPMorgan predicts $600 billion from institutions will flow into Bitcoin


TL:DR Breakdown:

    JPMorgan recently stated that billions of dollars would soon flow from institutions to Bitcoin.

Following the recent Bitcoin investment by MassMutual, the bank predicted that more insurance companies are likely to follow suit.

It’s no longer a doubt that institutions and corporations will adopt Bitcoin (BTC), the largest crypto by market capitalization. In this year alone, many billion-dollar companies have been reported to buying a large amount of the cryptocurrency. Following the increasing rate of BTC adoption, the leading bank in the United States, JPMorgan Chase, opined that about $600 billion would possibly flow into the cryptocurrency from institutional investors.
JPMorgan foresees mainstream institutional adoption

According to JPMorgan, the $600 billion inflow to Bitcoin would come when pension funds and insurance companies in prominent places like Japan, United States, and Europe, allocate just one percent of their assets in the digital currency. The bank’s statement was stirred by the news that Massachusetts Mutual (MassMutual) invested $100 million in Bitcoin. The insurance company has more than $200 billion in its investment portfolio.
 
More companies in the space are likely to join the train, said JPMorgan. “MassMutual’s Bitcoin purchases represent another milestone in the Bitcoin adoption by institutional investors. One can see the potential demand that could arise over the coming years as other insurance companies and pension funds follow MassMutual’s example.”

The strategists at the bank sometimes noted that the institutional adoption of Bitcoin is only getting started.
Bitcoin corporate investors

Many companies bought a substantial amount of Bitcoin this year, with the lead company being MicroStrategy, which currently has over 40,000 BTC on its reserve. Square Inc. is another prominent company holding about $50 million in Bitcoin. According to the information on Bitcoin Treasury, there are about 15 publicly-traded companies holding Bitcoin in their reserve.

These include Galaxy Digital Holdings, Riot Blockchain, DigitalX, and more.

https://www.cryptopolitan.com/jpmorgan-billion-from-institutions-bitcoin/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 14, 2020, 08:39:40 AM
(https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fmedia.giphy.com%2Fmedia%2F1haxuHqowL160%2Fgiphy.gif&f=1&nofb=1)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 14, 2020, 08:52:25 AM
Quote from: gib on December 13, 2020, 10:09:07 PM
You are fooling yourself if you think BTC as at a "high price" and that others are cheaper. Is akin to idiots who buy "penny stocks as they are cheaper". (No offence intended here, I am genuinely trying to educate you).

 If it helps, just measure BTC in santoshies (as opposed to the value of an entire coin) and then you can convince yourself its "cheap".

The way any new currency evolves is that there is a collective agreement on what will be used as a store of value. Its ultimately a zero sum game. One crypto emerges as digital gold, the rest fail.
If your position is that Ethereum is doomed and Bitcoin is the only one that's shooting to the moon I think you are delusional (no offense). Ethereum has a lot more development going on and proof of stake is not exactly going to hurt the price of Ethereum.

The price of Ethereum or Bitcoin will be whatever people value it to be. Proof of stake will reduce the supply of Ethereum because people will have an incentive not to sell their ETH.

Ethereum's value has increased by a larger percentage than Bitcoin's in 2020. Yes since 2017 it's still behind Bitcoin but the movement in 2020 is encouraging.

I think both will increase in value. We'll have to see by how much.

https://www.coindesk.com/ethereum-outpaces-bitcoin-developer-activity-2020-electric-capital-report
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 14, 2020, 08:56:00 AM
Quote from: polychronopolous on December 14, 2020, 07:52:50 AM
JPMorgan predicts $600 billion from institutions will flow into Bitcoin


TL:DR Breakdown:

    JPMorgan recently stated that billions of dollars would soon flow from institutions to Bitcoin.

Following the recent Bitcoin investment by MassMutual, the bank predicted that more insurance companies are likely to follow suit.

It’s no longer a doubt that institutions and corporations will adopt Bitcoin (BTC), the largest crypto by market capitalization. In this year alone, many billion-dollar companies have been reported to buying a large amount of the cryptocurrency. Following the increasing rate of BTC adoption, the leading bank in the United States, JPMorgan Chase, opined that about $600 billion would possibly flow into the cryptocurrency from institutional investors.
JPMorgan foresees mainstream institutional adoption

According to JPMorgan, the $600 billion inflow to Bitcoin would come when pension funds and insurance companies in prominent places like Japan, United States, and Europe, allocate just one percent of their assets in the digital currency. The bank’s statement was stirred by the news that Massachusetts Mutual (MassMutual) invested $100 million in Bitcoin. The insurance company has more than $200 billion in its investment portfolio.
 
More companies in the space are likely to join the train, said JPMorgan. “MassMutual’s Bitcoin purchases represent another milestone in the Bitcoin adoption by institutional investors. One can see the potential demand that could arise over the coming years as other insurance companies and pension funds follow MassMutual’s example.”

The strategists at the bank sometimes noted that the institutional adoption of Bitcoin is only getting started.
Bitcoin corporate investors

Many companies bought a substantial amount of Bitcoin this year, with the lead company being MicroStrategy, which currently has over 40,000 BTC on its reserve. Square Inc. is another prominent company holding about $50 million in Bitcoin. According to the information on Bitcoin Treasury, there are about 15 publicly-traded companies holding Bitcoin in their reserve.

These include Galaxy Digital Holdings, Riot Blockchain, DigitalX, and more.

https://www.cryptopolitan.com/jpmorgan-billion-from-institutions-bitcoin/
They are also buying Ethereum don't kid yourself.

https://www.ibtimes.com/bitcoin-price-prediction-btc-ethereum-surge-2021-frank-holmes-says-3097208
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 14, 2020, 08:59:56 AM
Quote from: Mayday on December 14, 2020, 02:46:31 AM
Energy for alt coins is very diluted vs 2017.

In 2017 there was 1700 coin options.

In 2020 there are 7,000+.

BTC is the only one at previous high. The others are way way behind. You won’t see the previous ratios again because non-BtC money is just traders looking for quick plays across 6,999 possible options.
I don't see how an increase in the number of altcoins affects only Ethereum and not Bitcoin.

I am heating my house and getting paid in Ethereum. Hopefully that will pay off in the long run. We'll see. Nothing is a sure bet. I do think the dollar is going to devalue. Expect to see minimum wage go to $15 per hour. And cars getting more expensive etc. Crypto values will increase as a result.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 14, 2020, 09:01:08 AM
Quote from: Mayday on December 14, 2020, 02:46:31 AM
Energy for alt coins is very diluted vs 2017.

In 2017 there was 1700 coin options.

In 2020 there are 7,000+.

BTC is the only one at previous high. The others are way way behind. You won’t see the previous ratios again because non-BtC money is just traders looking for quick plays across 6,999 possible options.
I'll check it out. Thanks for the link! Here's hoping we see 15 Ethereum to 1 Bitcoin!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 14, 2020, 09:02:23 AM
(https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fmedia.giphy.com%2Fmedia%2FuYxQmptRn2RYA%2Fgiphy.gif&f=1&nofb=1)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 14, 2020, 09:03:22 AM
Quote from: Mr Anabolic on December 14, 2020, 08:39:40 AM
(https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fmedia.giphy.com%2Fmedia%2F1haxuHqowL160%2Fgiphy.gif&f=1&nofb=1)
Peter Schiff is really angry lol! He totally missed the Bitcoin market!

https://news.bitcoin.com/angry-peter-schiff-lays-into-grayscale-and-cnbc-claims-conspiracy-to-pump-btc-value/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 14, 2020, 12:11:05 PM
Quote from: obsidian on December 14, 2020, 08:59:56 AM
I don't see how an increase in the number of altcoins affects only Ethereum and not Bitcoin.

I am heating my house and getting paid in Ethereum. Hopefully that will pay off in the long run. We'll see. Nothing is a sure bet. I do think the dollar is going to devalue. Expect to see minimum wage go to $15 per hour. And cars getting more expensive etc. Crypto values will increase as a result.

Say there is 100B of actual money invested into the total crypto market.

In 2017 the 100B was split across 1,700 coins. In 2020 the 100B is split across 7,000 coins.

Hence it is diluted however BTC is the only coin to be at it’s previous high meanwhile alt coins are well off the previous high. The market has decided BTC is ‘something’ and per gib there is money flowing in which is long term holders.

Of course they are trying to devalue the dollar. Inflation is required for growth. However Unemployment is at global highs and you don’t have wage inflation when you have triple the unemployed than normal because there in this environment you have downward pressure on wages. Reduced hours. Reduced wage due to working from home instead of an office. Lockdowns. Restrictions of trade etc, all an argument for cheaper labour. 

it will be years to get wages resolved which will be done via basal income because they blew up the job market. Basal income solves the lack of wage inflation argument, just give everyone more money and you can create trickle up economics.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 14, 2020, 12:29:14 PM
Quote from: Mayday on December 14, 2020, 12:11:05 PM
Say there is 100B of actual money invested into the total crypto market.

In 2017 the 100B was split across 1,700 coins. In 2020 the 100B is split across 7,000 coins.

Hence it is diluted however BTC is the only coin to be at it’s previous high meanwhile alt coins are well off the previous high. The market has decided BTC is ‘something’ and per gib there is money flowing in which is long term holders.

Of course they are trying to devalue the dollar. Inflation is required for growth. However Unemployment is at global highs and you don’t have wage inflation when you have triple the unemployed than normal because there in this environment you have downward pressure on wages. Reduced hours. Reduced wage due to working from home instead of an office. Lockdowns. Restrictions of trade etc, all an argument for cheaper labour. 

it will be years to get wages resolved which will be done via basal income because they blew up the job market. Basal income solves the lack of wage inflation argument, just give everyone more money and you can create trickle up economics.
You make good points. I agree since 2018 Bitcoin is up more than Ethereum. In 2020 though Ethereum is up more.

The total crypto market cap is over 500 billion. Ethereum's highest market cap was 135 billion in early 2018. The market cap today is 67 billion or about 5.36 times less than Bitcoin's current market cap.

Some investors anticipate Ethereum's market cap to eventually surpass Bitcoin's though.

https://coinjournal.net/news/investor-claims-ethereum-may-surpass-market-cap-of-bitcoin/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 14, 2020, 12:40:15 PM
Bitcoin:

Jan 01, 2020
   
Price: $7,200.17
   
Volume: 18,565,664,997
   
Market Cap: 130,580,829,150

Dec 13, 2020
   
Price: 19,142.38
   
Volume: 25,450,468,637
   
Market Cap: 355,479,173,806

Ethereum:

Jan 01, 2020
   
Price: 130.80
   
Volume: 7,935,230,330
   
Market Cap: 14,271,059,633

Dec 13, 2020
   
Price: 589.66
   
Volume: 9,070,377,862
   
Market Cap: 67,115,726,662

As of today in 2020 Ethereum's price increased 450% and its market cap increased 470%.

As of today in 2020 Bitcoin's price increased 265% and its market cap increased 272%.

And Ethereum's price spiked higher a few weeks ago where the increase was even more dramatic at a closing price of $614.84 on 11/30/2020 or 475% increase since January.

So the 2020 trend appears to favor Ethereum.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 14, 2020, 12:43:31 PM
If you invested $10,000 in Ethereum in January it would now be worth around $45,000.

If you invested $10,000 in Bitcoin in January it would now be worth around $26,500.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 14, 2020, 01:51:36 PM
In which case you are trading crypto, not holding.

No problem with that and you proved my point which is alt coins are for traders.

It’s no secret that the big buyers purchase 80%+ BTC for their total crypto holdings. Therefore there is a consist stream of more energy being pumped into BTC than any other coin. The ratio to BTC you are wanting will increase, not decrease as a result.

Extend your timeline to include the 2017 peak and Eth is a 50% loss vs BTC which is flat. This is caused by what I said above. Sure, jump into alt coins for short term hoping to time the pump and dump. I don’t trade but if I did I’d be playing xrp, eth, BtC trying to get the pump and dumps right.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 14, 2020, 04:44:07 PM
Quote from: Mayday on December 14, 2020, 01:51:36 PM
In which case you are trading crypto, not holding.

No problem with that and you proved my point which is alt coins are for traders.

It’s no secret that the big buyers purchase 80%+ BTC for their total crypto holdings. Therefore there is a consist stream of more energy being pumped into BTC than any other coin. The ratio to BTC you are wanting will increase, not decrease as a result.

Extend your timeline to include the 2017 peak and Eth is a 50% loss vs BTC which is flat. This is caused by what I said above. Sure, jump into alt coins for short term hoping to time the pump and dump. I don’t trade but if I did I’d be playing xrp, eth, BtC trying to get the pump and dumps right.
I am not trading I am hodling. Been doing it since 2017 before the pump. I am going to stake my ETH and leave it for a few years.

Trading seems attractive until you lose your shirt. It's easy in hindsight to say yeah you should have bought at the lows and sold at the highs. That takes a lot of effort and balls to do and is not that easy - at least for me. I just set it and forget about it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 14, 2020, 05:23:52 PM
Maday is right on this with his comments Obsidian. You (and also Mr A) are confusing volatility with long term trends.

In the short term, yes its true that any of the alts could outperform BTC for a period of time. That does not mean they are a good investment. Nor does it mean that you can successfully pick or predict which of the alts will outperform for such short periods. 

It often helps with long term clarity, if you take things to their ultimate logical conclusion. Think of it this way. I could invent a new crypto, and on a single transaction to a "trader" (aka a speculative sucker) make an unbelievably high 10,000% return on a single trade. That does not mean that what he bought is good long term value or that the alt I created and sold will get long term adoption.

Tens of thousands of alts have come (and gone). So much nonsense out there around all XRP, Stella, and all the rest of them.
Their market caps collectively is falling against BTC, and this will continue over time. And if you look at volume of actual trade its even higher for BTC - around 92% BTC vs 8% all alts.

For BTC to succeed as the collectively agreed upon store of value, it is inherent that BTCs imitators will fail. We see this phenomenon in nature. We see it in business. We see it in politics. We've seen it in the history of currency adoption in the analogue world.

At best ETH may be a poor mans BTC, much like silver is to gold. But even that is unlikely as the silver use case arose due to the lack of quick divisibility of gold (hence a lower-cost smaller denomination of value for day to day use). BTC is digital and infinitely divisible. So, what we will most likely see is BTC as an underlying store of base value, with various protocols (and even fiat currency) being smaller day to day denomination trading over the underlying settlement value of BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 14, 2020, 05:30:18 PM
Quote from: gib on December 14, 2020, 05:23:52 PM
Maday is right on this his comments Obsidian. You (and also Mr A) are confusing volatility with long term trends. In the short term, any of the alts could outperform BTC for a period of time. That does not mean they are a good investment. It often helps, if you take things to their ultimate logical conclusion. Think of it this way. I could invent a new crypto, and on a single transaction to a "trader" (aka a speculative sucker) make an unbelievably high 10,000% return on a single trade. That does not mean that what I sold is good long term value or that the alt will get long term adoption.

Tens of thousands of alts have come and gone. So much nonsense out there around all XRP, Stella, and all the rest of them. Their market caps collectively is falling against BTC, and this will continue over time. And if you look at volume of actual trade its even higher for BTC - around 92% BTC vs 8% all alts. For BTC to succeed as the collectively agreed on store of value its inherent that imitators will fail. We see this phenomenon in nature. We see it in the history of currency adoption in the analogue world. At best BTC may be a poor mans ETC much like silver is to gold. But even that is unlikely as the silver use case arose due to the lack of quick divisibility of gold. BTC is digital and infinitely divisible. What we will most likely see is BTC as an underlying store of value, with various protocols (and even fiat currency) being smaller day to day denomination trading over the underlying settlement value of BTC.
Do what you want. You're all in Bitcoin and only Bitcoin. I don't see it that way. Time will tell. Bitcoin is dominated by China. A single province in China controls 54 percent of Bitcoin’s hash rate.

What if China decides to pull the plug? They've already shutdown electrical power for a few BTC mining facilities.

https://thenextweb.com/hardfork/2019/12/11/bitcoin-cryptocurrency-mining-hash-rate-china-renewable-energy-blockchain/

https://cointelegraph.com/news/ethereum-s-market-cap-surpasses-gm-cme-and-tech-stocks-what-s-next

2020 has been an impressive year for the Ethereum network and Ether (ETH) price. In November the Eth2 deposit contract quietly launched and before the end of the month the contract had reached capacity with 524,288 Ether locked.

When Black Thursday occured on March 12, nearly every cryptocurrency had its price crushed and Ether was not spared from the carnage. After trading for as little as $86 on March 12, Ether price recovered to post a year-to-date gain of 322% and the altcoin set a 2020 high at $635.70 on Dec.1.

Despite the accolades being lauded upon Bitcoin as it broke to a new all-time high today, Ethereum price has actually outperformed BTC in 2020.

https://coinmarketcap.com/headlines/news/no-of-ethereum-nodes-surpasses-bitcoins-for-the-first-time/

Ethereum is booming and now the so-called “world’s decentralized computer” has now surpassed Bitcoin in terms of the total nodes, new data showed.

Ethereum’s node crusade

Data from Ethereum node service and technology company Bitfly showed that the Ethereum network now has over 11137 active nodes, as per a tweet. Bitcoin, on the other hand, has 10981 active nodes.

    There are now more #Ethereum nodes than #Bitcoin nodes.

    Ethereum: 11137
    Bitcoin: 10981https://t.co/E0viD19GZthttps://t.co/rnf9ZWuW5Y pic.twitter.com/lFOd6UwPYb

    — Bitfly (@etherchain_org) November 29, 2020

Nodes are essentially the backbone of any blockchain system. Within these is where the blockchain’s data is stored, and they can be run on both commercial servers or the average user computer.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 14, 2020, 06:08:22 PM
A few comments.

1. Number of nodes do not equate to value. If it were that easy, then, well you know the rest ...

2. BTC has around 100,000 nodes (your numbers are missing a decimal place). Assuming half are current, that's still 50,000 active nodes. And that security will now only increase as when institutional money comes in and BTC is spread across more players, they are surely incentivized to operate nodes also.

3. China cannot "pull the plug", unless it wishes to cut off both access to all types of electricity and to the internet at the same time (which is effectively impossible). It fact, it you recall it tried "pulling the plug" banning both BTC and mining (as Mr A proudly proclaimed at the time in his failed attempt to discredit BTC as past of his acceptance journey). Well, we can all see how effective that "ban" was now, can't we. Reality is, you cannot ban the practical application of an mathematical algorithm.

Mining gravitates to where it can be done at the lowest cost, as sure as water flows to the ocean. Once it becomes inefficient in one country, or via one type of energy source, economics dictate that a more efficient player will step in to fill the gap.

You are generally correct. A huge amount of mining currently is done in Sichuan province. I've been there and seen it. Not sure of total % now, but yes could be 50% or so, but I expect that over time we will see mining become more balanced and diversified to other parts of the world. There is no reason why, long term, it should be cheaper to mine in china than in other global location. Either way, where the mining is done is of no concern. BTC is the mathematical capture of energy and effort via a mathematical algorithm, and that algorithm is country agnostic and immutable.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 14, 2020, 07:48:02 PM
Quote from: obsidian on December 14, 2020, 05:30:18 PM
Do what you want. You're all in Bitcoin and only Bitcoin. I don't see it that way. Time will tell. Bitcoin is dominated by China. A single province in China controls 54 percent of Bitcoin’s hash rate.

What if China decides to pull the plug? They've already shutdown electrical power for a few BTC mining facilities.

https://thenextweb.com/hardfork/2019/12/11/bitcoin-cryptocurrency-mining-hash-rate-china-renewable-energy-blockchain/

https://cointelegraph.com/news/ethereum-s-market-cap-surpasses-gm-cme-and-tech-stocks-what-s-next

2020 has been an impressive year for the Ethereum network and Ether (ETH) price. In November the Eth2 deposit contract quietly launched and before the end of the month the contract had reached capacity with 524,288 Ether locked.

When Black Thursday occured on March 12, nearly every cryptocurrency had its price crushed and Ether was not spared from the carnage. After trading for as little as $86 on March 12, Ether price recovered to post a year-to-date gain of 322% and the altcoin set a 2020 high at $635.70 on Dec.1.

Despite the accolades being lauded upon Bitcoin as it broke to a new all-time high today, Ethereum price has actually outperformed BTC in 2020.

Well go back to 2017 and I was in Eth, not BTC. I sold Eth  right around peak.

To play the numbers game I’d counter your 300%+ gains with the context that ETh had 92% of it’s value wiped out from peak vs BtC losing 68%. To date BtC has recovered back to peak and Eth only recovered to 40%. This is why I switched to BTC.

If you are holding for long term the risk you are taking on Eth is along the lines of xrp. There will be a big pullback on BtC to 16k or 13k, alt coins will get smashed during the pullback. You hold during the drop because it’s your strategy but what if Eth doesn’t recover and 5yrs later it still sits at a low?

One of the guys a few pages back bought at peak and waited 3yrs for BtC to recover so he could get out. People who bought Eth and xrp are still waiting.....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pasita on December 16, 2020, 04:50:56 AM
In general, when do you think cryptocurrency will become common?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 16, 2020, 05:16:28 AM
Quote from: Pasita on December 16, 2020, 04:50:56 AM
In general, when do you think cryptocurrency will become common?

Sell everything you got and go all in... you cannot lose... it's a sure thing!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 16, 2020, 06:00:02 AM
$ 20.271,05
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 16, 2020, 06:07:04 AM
Quote from: Mr Anabolic on December 16, 2020, 05:16:28 AM
Sell everything you got and go all in... you cannot lose... it's a sure thing!

Its fine to hold other assets. And also to hold small amounts of cash (which will depreciated overtime) for day to day transactions.

But it is ESSENTIAL that every one of us have some Bitcoin. Over time, most of us will have a greater and greater % of BTC vs cash. I have said this many times. Buy BTC. HODL. Wait. Simple.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 16, 2020, 06:07:51 AM
...Oh and 20,000.  ;D ;D ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on December 16, 2020, 06:21:50 AM
We are now seeing scarcity at work.

The all time high has been broken and we are now entering the price discovery phase.

Expect the price to go much higher based on it's FUNDAMENTAL value.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 16, 2020, 06:27:48 AM
Quote from: polychronopolous on December 16, 2020, 06:21:50 AM
We are now seeing scarcity at work.

The all time high has been broken and we are now entering the price discovery phase.

Expect the price to go much higher based on it's FUNDAMENTAL value.

Agree entirely. We are still very very early in the development of a global decentralized store of value which eventually EVERYTHING will be pegged to in one way or another. We are literally witnessing the birth of a new global currency compressed over a historically short period of time (several decades as opposed to several thousands of years that it took for gold). Quite a special moment in time to witness.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 16, 2020, 06:29:56 AM
Quote from: Mr Anabolic on September 04, 2017, 08:26:09 AM

Me thinks $5000 was THE top.  Let's see if I'm right.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 16, 2020, 06:42:52 AM
Quote from: gib on December 16, 2020, 06:07:04 AM
Its fine to hold other assets. And also to hold small amounts of cash (which will depreciated overtime) for day to day transactions.

But it is ESSENTIAL that every one of us have some Bitcoin. Over time, most of us will have a greater and greater % of BTC vs cash. I have said this many times. Buy BTC. HODL. Wait. Simple.

And if you truly believed that, you would've never have sold at $16K. 

You'll sell it when it looks like it's dumping, just like you did last time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 16, 2020, 06:51:08 AM
Quote from: gib on December 16, 2020, 06:29:56 AM


I could go back and re-post all the utter bullshit you posted during this thread, but it's a waste of my time.

When blips crash again, you'll disappear from this thread like you did the first time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 16, 2020, 06:52:42 AM
Quote from: polychronopolous on December 16, 2020, 06:21:50 AM
We are now seeing scarcity at work.

The all time high has been broken and we are now entering the price discovery phase.

Expect the price to go much higher based on it's FUNDAMENTAL value.

No, you're seeing this...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 16, 2020, 06:53:14 AM
Quote from: Mr Anabolic on December 16, 2020, 06:42:52 AM
And if you truly believed that, you would've never have sold at $16K. 

You'll sell it when it looks like it's dumping, just like you did last time.

Mr A. You are confusing short term volatility with a long term trend. I have explained this to you before.

I took some nice gains, 500% ROI over 6 months, which I felt was prudent to do. Then rebought again on the rebound. Maybe I was just lucky at the time - who knows. Either way, we should now look forwards. You did not buy at all (so you claim). You still have ample time to get in ahead of a massive societal trend. Stop being such a stubborn luddite, and act now! It is truly ironic that a prepper like you, who actually has the mental capacity to see what is going on around you globally, still refuses to buy BTC. You understand the purpose of gold. Now you just need to make the mental leap into the 20th century.

There will be blips along the way, as the emergence of a new global currency is bound to have swings between over-enthusiasm and doubt. But make not doubts about it. The long term trend is still up from here for many years to come and the prices we see now are microscopic compared to what they will be. Owning a single Bitcoin is still in reach for many. But even it not, everyone should buy whatever they can now. And NO ONE should be so foolish as to own none given what is coming.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 16, 2020, 06:54:42 AM
Quote from: Mr Anabolic on December 16, 2020, 06:51:08 AM
I could go back and re-post all the utter bullshit you posted during this thread, but it's a waste of my time.

When blips crash again, you'll disappear from this thread like you did the first time.

Everything I have said was correct. Many have thanked me for it. But yes, please do go back and read it. All of it. And truly try to understand what I explained to you.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 16, 2020, 06:59:12 AM
Quote from: gib on December 16, 2020, 06:54:42 AM
Everything I have said was correct. Many have thanked me for it. But yes, please do go back and read it. All of it. And truly try to understand what I explained to you.

lol - you have a lot to learn.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on December 16, 2020, 06:59:54 AM
Quote from: gib on December 16, 2020, 06:53:14 AM
Mr A. You are confusing short term volatility with a long term trend. I have explained this to you before.

I took some nice gains, 500% ROI over 6 months, which I felt was prudent to do. Then rebought again on the rebound. Maybe I was just lucky at the time - who knows. Either way, we should now look forwards. You did not buy at all (so you claim). You still have ample time to get in ahead of a massive societal trend. Stop being such a stubborn luddite, and act now! It is truly ironic that a prepper like you, who actually has the mental capacity to see what is going on around you globally, still refuses to buy BTC. You understand the purpose of gold. Now you just need to make the mental leap into the 20th century.

There will be blips along the way, as the emergence of a new global currency is bound to have swings between over-enthusiasm and doubt. But make not doubts about it. The long term trend is still up from here for many years to come and the prices we see now are microscopic compared to what they will be. Owning a single Bitcoin is still in reach for many. But even it not, everyone should buy whatever they can now. And NO ONE should be so foolish as to own none given what is coming.


What do the people that actually run the current money system stand to gain from this? They own the govts, the internet and the media. Look at what they did with the USA election, they have immeasurable power when it comes to steering both policy and public opinion. When I know why they would want in on this power eating dinosaur of a crypto I will be more interested.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 16, 2020, 07:12:48 AM
Quote from: gib on December 16, 2020, 06:53:14 AM
Mr A. You are confusing short term volatility with a long term trend. I have explained this to you before.

I took some nice gains, 500% ROI over 6 months, which I felt was prudent to do. Then rebought again on the rebound. Maybe I was just lucky at the time - who knows. Either way, we should now look forwards. You did not buy at all (so you claim). You still have ample time to get in ahead of a massive societal trend. Stop being such a stubborn luddite, and act now! It is truly ironic that a prepper like you, who actually has the mental capacity to see what is going on around you globally, still refuses to buy BTC. You understand the purpose of gold. Now you just need to make the mental leap into the 20th century.

There will be blips along the way, as the emergence of a new global currency is bound to have swings between over-enthusiasm and doubt. But make not doubts about it. The long term trend is still up from here for many years to come and the prices we see now are microscopic compared to what they will be. Owning a single Bitcoin is still in reach for many. But even it not, everyone should buy whatever they can now. And NO ONE should be so foolish as to own none given what is coming.

"Social trend" is right.  FOMO is human nature.  Blips is in the greed phase, possibly the euphoric phase.  Ppl start to become irrational with the upwards price action.   

The majority of ppl in the US do not have even $500 saved for an emergency let alone $20,000 for a blipcoin. 

To anyone else here who is simply trading blips... keep an eye on that monthly chart.  When you see a big wick down like at the end of 2017, it's time to sell.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 16, 2020, 08:43:49 AM
Quote from: obsidian on December 14, 2020, 08:52:25 AM
If your position is that Ethereum is doomed and Bitcoin is the only one that's shooting to the moon I think you are delusional (no offense). Ethereum has a lot more development going on and proof of stake is not exactly going to hurt the price of Ethereum.

The price of Ethereum or Bitcoin will be whatever people value it to be. Proof of stake will reduce the supply of Ethereum because people will have an incentive not to sell their ETH.

Ethereum's value has increased by a larger percentage than Bitcoin's in 2020. Yes since 2017 it's still behind Bitcoin but the movement in 2020 is encouraging.

I think both will increase in value. We'll have to see by how much.

https://www.coindesk.com/ethereum-outpaces-bitcoin-developer-activity-2020-electric-capital-report

Obsidian - you are well worth having a discussion with. I can tell you are a smart guy, who is open and willing to learn and have an intellectual discussion. Did you view the last video I attached?

Second can you PLEASE watch this, and then get back to me on your thoughts on ETH.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 16, 2020, 09:42:27 AM
Quote from: SOMEPARTS on December 16, 2020, 06:59:54 AM

What do the people that actually run the current money system stand to gain from this? They own the govts, the internet and the media. Look at what they did with the USA election, they have immeasurable power when it comes to steering both policy and public opinion. When I know why they would want in on this power eating dinosaur of a crypto I will be more interested.

Cryptos mean different things to different people.

The less you need to believe, the less stretch of the imagination that is required, the greater the chance you have of being right.

What boggles my mind is people will happily believe that the pandemic is a planned conspiracy, we are moving to a one world govt, one world currency, hordes of people coming to their house which they will need 10s of thousands of rounds of ammo to mow them all down.....

....yet one crypto which over the last 3yrs has become regulated and worked to become a legitimate financial asset as a hedge.... oh no, that’s all too crazy to believe.....

It’s just a prospect for a hedge. Nothing more. Maybe it gets legs, maybe not.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on December 16, 2020, 10:12:51 AM
Quote from: Mayday on December 16, 2020, 09:42:27 AM

It’s just a prospect for a hedge. Nothing more. Maybe it gets legs, maybe not.



At 20k per that is a very risky asset to go all in on. How does it survive the Green New Deal?  ;D


"bitcoin sustainability"

https://digiconomist.net/bitcoin-energy-consumption/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 16, 2020, 01:13:56 PM
Quote from: SOMEPARTS on December 16, 2020, 10:12:51 AM
L

At 20k per that is a very risky asset to go all in on.
/

It’s significantly safer to wait for a 70k price and then buy in. That might be 3yrs away.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 16, 2020, 04:22:14 PM
Quote from: Mr Anabolic on December 16, 2020, 07:12:48 AM

The majority of ppl in the US do not have even $500 saved for an emergency let alone $20,000 for a blipcoin. 


Your idiocy and stubborn illogicality never ceases to amaze me. What you write above, is like saying a person should not own a gold coin because you they cannot afford to buy a kilo.

Many could have easily afforded a BTC when it was less than 5K at the start of this thread. Indeed, imagine how much you could have bought back when the price was $300, back when you first called BTC a bubble.

There are still many millions who can afford one at 20K. But as I have said many times before, one should buy what you can. Bitcoin is divisible, so even an lower income person can (and should secure some). If you can afford to eat a burger, drink Bud, smoke weed, or drive a car, then you can (and should) definitely put some money now towards Bitcoin (as opposed to a currency that is ever decreasing in value over time). The current price is quite possibly just a blip compared to what it will be in the years to come.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 16, 2020, 06:00:35 PM
Oh, and $21,000 ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 16, 2020, 08:13:21 PM
Quote from: gib on December 16, 2020, 06:00:35 PM
Oh, and $21,000 ...

Lucky I am no longer providing my price updates in multiples of $100 huh? That could get quite annoying and repetitive couldn't it...

(Who need $100s, when you can have $1000's lol!). Dead cat turbocharged double bounce of peace...  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on December 16, 2020, 08:46:54 PM
Guggenheim CIO Says Bitcoin ‘Should Be Worth’ $400,000

Guggenheim Partners Chief Investment Officer Scott Minerd shocked Bloomberg TV hosts Wednesday afternoon when he said his firm’s fundamental analysis shows bitcoin should be worth $400,000.

    “Our fundamental work shows that bitcoin should be worth around $400,000,” said Minerd. “Whoa!” responded one of the hosts.

    That sky-high price target is based on two things, according to Minerd: the asset’s scarcity and its relative value to gold as a percentage of gross domestic product.

    “Bitcoin has a lot of the attributes of gold and at the same time has an unusual value in terms of transactions,” Minerd told Bloomberg TV.

    Guggenheim made the decision to start allocating to bitcoin when the leading cryptocurrency was trading around $10,000, Minerd said.

    Minerd said allocating to bitcoin, given its current price above $20,000, is “a little more challenging.”

    Guggenheim Partners manages more than $230 billion worth of assets.

 https://finance.yahoo.com/news/guggenheim-cio-says-bitcoin-worth-201932940.html?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 16, 2020, 10:01:32 PM
Quote from: gib on December 16, 2020, 06:00:35 PM
Oh, and $21,000 ...

22,000......
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 17, 2020, 12:17:44 AM
$ 22,653.15
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on December 17, 2020, 12:20:33 AM
Quote from: FitnessFrenzy on December 17, 2020, 12:17:44 AM
$ 22,653.15

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 17, 2020, 02:13:39 AM
Quote from: gib on November 29, 2020, 01:09:15 AM
Good morning Mr A. Here is great clip, that with quite simple to understand yet compelling explanations, addresses every single one of your objections and misconceptions about Bitcoin. This is one of the clearest overall discussions I have seen on Bitcoin for the common layman.

Watch it, and then get back to me if you still have any doubts or questions!



Good mooooorning Mr Anabolic!!!

Have you watched this yet? Please do yourself a favor, and take the time (just an hour or so) to listen with an open mind. This will help you a lot.

If really needed, pop an MDMA tab, let your bitterness, stubbornness, and hostility go, and just open your mind to think logically about the big picture, this moment in time, and what is happening right before your eyes as we bear witness the birth of a new global currency...

xxx Gib $$$
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on December 17, 2020, 05:35:43 AM
US-Based Hedge Fund To Increase Bitcoin Exposition to $1 Billion

One River Asset Management has bought $600 million in BTC in November and plans to expand its crypto portfolio to $1 billion.

 The large bitcoin institutional investments keep emerging frequently, and the latest one has come from the US-based hedge fund One River Asset Management. After establishing a new company oriented in digital asset investments, the fund has purchased $600 million in BTC and plans to add ETH and expand its holdings to $1 billion in the next few months.
One River Digital Asset Management Invests $600M In BTC

Bitcoin has seen a massive spike in interest from institutional investments in the past few months. The latest one to join the “buy BTC” bandwagon is the Connecticut-based hedge fund specializing in volatility bets – One River Asset Management.

The fund’s CEO, Eric Peters, explained that his company has set up a new venture specializing in cryptocurrency investments called One River Digital Asset Management.

Through its newly-established arm, the hedge fund has purchased $600 million in bitcoin. The company completed all transactions in November before BTC reached $16,000.

Moreover, the organization plans to double-down on its crypto investments by adding Ethereum and expanding its portfolio to about $1 billion as of early 2021. Peters believes that “there is going to be a generational allocation to this asset class,” as the inflows “have only just begun.”

 https://cryptopotato.com/us-based-hedge-fund-to-increase-bitcoin-exposition-to-1-billion/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 17, 2020, 06:22:50 AM
$ 23,083.41
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on December 17, 2020, 07:21:05 AM
(https://editorial.fxstreet.com/miscelaneous/RVZN0oxL4P8HuZ7V0mMYV01pbPM6fdb58reo6EU1/BTCUSD%2021916-05%20%e2%96%b2%20-2-6-%20John%2012-17-2020%208-13-21%20AM-637437812328596862.png)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: epic is back on December 17, 2020, 07:34:23 AM
11 k

By March
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 17, 2020, 08:19:54 AM
Oh wow.

Visa jumps on the Bitcoin train. Its becoming increasingly apparent now that at this point its a "if you can't beat em, join em" effect taking place. Anyone who secures some BTC now, will forever own a chunk of the future financial system upon which all global currencies will be based for all 6 billion people in the world. These things take time for banks, funds, governments etc to adapt and embrace, but its happening just as I predicted. Its a rare unique opportunity where we as individuals can get in ahead of the institutions.

https://finance.yahoo.com/news/visa-has-also-quietly-warmed-to-crypto-along-with-pay-pal-and-square-200953910.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on December 17, 2020, 08:27:14 AM
Quote from: gib on December 17, 2020, 08:19:54 AM
Oh wow.

Visa jumps on the Bitcoin train. Its becoming increasingly that at this point its a "if you can't beat em, join em" effect taking place. Anyone who secures some BTC now, will forever own a chunk of the future financial system upon which all global currencies will be based. These things take time for banks, funds, governments etc to adapt. Its a rare unique opportunity where we as individuals can get in ahead of the institutions.

https://finance.yahoo.com/news/visa-has-also-quietly-warmed-to-crypto-along-with-pay-pal-and-square-200953910.html

This part of the article really interests me. Earn Bitcoin rewards in place of airline miles or cash back.

The infrastructure is being built right before our very eyes. Very much different than 2017 when people were blindly throwing their money into some random alt-coin.

a bitcoin rewards app, will offer a Visa debit card that offers bitcoin rewards in place of airline miles or cash back; BlockFi, an exchange that offers interest on customers’ crypto holdings, will offer a Visa credit card that gives 1.5% cash back in bitcoin. And there are others coming. (Coinbase Card already launched in Europe and the U.K. last year; Binance Card started shipping to Europe this week.)

(https://blockfi.com/wp-content/uploads/2020/11/blog_creditcard.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 17, 2020, 08:28:41 AM
Quote from: gib on December 17, 2020, 02:13:39 AM
Good mooooorning Mr Anabolic!!!

Have you watched this yet? Please do yourself a favor, and take the time (just an hour or so) to listen with an open mind. This will help you a lot.

If really needed, pop an MDMA tab, let your bitterness, stubbornness, and hostility go, and just open your mind to think logically about the big picture, this moment in time, and what is happening right before your eyes as we bear witness the birth of a new global currency...

xxx Gib $$$

Nanny-nanny-boo-boo!
 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 17, 2020, 08:36:57 AM
Quote from: polychronopolous on December 17, 2020, 08:27:14 AM
This part of the article really interests me. Earn Bitcoin rewards in place of airline miles or cash back.

The infrastructure is being built right before our very eyes. Very much different than 2017 when people were blindly throwing their money into some random alt-coin.

a bitcoin rewards app, will offer a Visa debit card that offers bitcoin rewards in place of airline miles or cash back; BlockFi, an exchange that offers interest on customers’ crypto holdings, will offer a Visa credit card that gives 1.5% cash back in bitcoin. And there are others coming. (Coinbase Card already launched in Europe and the U.K. last year; Binance Card started shipping to Europe this week.)

(https://blockfi.com/wp-content/uploads/2020/11/blog_creditcard.jpg)

Yes, very cool. And yes all happening right before our eyes.

Some of my friends have visa BTC cards from crypto.com. Very cool sleek black look and metallic feel. A conversation starter if nothing else. They also earn money on their blips by secured lending. But yes the idea of BTC given as cashback points is awesome. We will see uber and others do this also.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: epic is back on December 17, 2020, 08:39:20 AM
Quote from: gib on December 17, 2020, 08:19:54 AM
Oh wow.

Visa jumps on the Bitcoin train. Its becoming increasingly apparent now that at this point its a "if you can't beat em, join em" effect taking place. Anyone who secures some BTC now, will forever own a chunk of the future financial system upon which all global currencies will be based for all 6 billion people in the world. These things take time for banks, funds, governments etc to adapt and embrace, but its happening just as I predicted. Its a rare unique opportunity where we as individuals can get in ahead of the institutions.

https://finance.yahoo.com/news/visa-has-also-quietly-warmed-to-crypto-along-with-pay-pal-and-square-200953910.html

Yahoo confirmed

Woah !!!

Better jump on that train !!

Don’t forget your mask though
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 17, 2020, 09:00:58 AM
Quote from: Mr Anabolic on December 17, 2020, 08:28:41 AM
Nanny-nanny-boo-boo!

Mr A, you have both humiliated and self-owned yourself. That is obvious to all. Not just that, but apart from losing out on one of the most important investment opportunities of a lifetime your incessant nonsense may have actually caused similar losses to others. Fair game of course, this is GetBig, but have some pride my friend. Man up, re-assess, admit your wrongdoing (an apology would be nice), and then come join the ride (as opposed to bringing people down with you). Its still very very early days for the emergence of BTC. You will be kicking yourself for you obstinance in the future (and probably cringing every time you are reminded of the fortune (and more importantly your status and freedom in society), that you forfeited due to your failure to act.

There is a very important reason I started this thread here of all places. And its not just as gift to getbiggers, but also because its the perfect place to capture the thought process a person of moderate to moderate-above intelligence has to undertake before accepting, and then adopting, bitcoin as the global digital store of wealth. (And I will give you credit - you performed your role perfectly in that regard).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: epic is back on December 17, 2020, 09:05:22 AM
Quote from: gib on December 17, 2020, 09:00:58 AM
Mr A, you have both humiliated and self-owned yourself. That is obvious to all. Not just that, but apart from losing out on one of the most important investment opportunities of a lifetime your incessant nonsense may have actually caused similar losses to others. Fair game of course, this is GetBig, but have some pride my friend. Man up, re-assess, admit your wrongdoing (an apology would be nice), and then come join the ride (as opposed to bringing people down with you). Its still very very early days for the emergence of BTC. You will be kicking yourself for you obstinance in the future (and probably cringing every time you are reminded of the fortune (and more importantly your status and freedom in society), that you forfeited due to your failure to act.

There is a very important reason I started this thread here of all places. And its not just as gift to getbiggers, but also because its the perfect place to capture the mental acceptance a person of moderate to moderate-above intelligence has to undertake before accepting, and then adopting bitcoin as the global digital store of wealth. (And I will give you credit - you performed your role perfectly in that regard).

The fact you have the time to write these long diatribes

Reflects you are at home

Broke

and your time is not in demand
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 17, 2020, 09:24:47 AM
Quote from: epic is back on December 17, 2020, 09:05:22 AM
The fact you have the time to write these long diatribes

Reflects you are at home

Broke

and your time is not in demand

Allow me to provide another interpretation. Perhaps its a reflection that due to my wealth and long record of investment success, I now have all the time in the world to engage in this fun. (I think even the great Mr A at one point begrudgingly admitted that my wealth might actually be legit...)

And that further, I might in fact be highly efficient at the many other things I do. (Another key to success by the way).

Not that my wealth, or lack of it, actually matters to the discussion itself. I answered truthfully what my level of wealth was many posts back because someone asked about it. But as I said at the time, its not really relevant. And in any case its all relative. There are many people far more wealthy than I am. Pretend I am poor if you like, but either way please focus on the academic discussion. My level of wealth is a distraction.

PS - my little holding of a mere 50 BTCs (a small portion of my total assets) now gets me over 1m. So in that sense, You could say that technically I am a "bitcoin millionaire).  ;D 

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 17, 2020, 09:26:05 AM
Quote from: gib on December 17, 2020, 09:00:58 AM
Mr A, you have both humiliated and self-owned yourself. That is obvious to all. Not just that, but apart from losing out on one of the most important investment opportunities of a lifetime your incessant nonsense may have actually caused similar losses to others. Fair game of course, this is GetBig, but have some pride my friend. Man up, re-assess, admit your wrongdoing (an apology would be nice), and then come join the ride (as opposed to bringing people down with you). Its still very very early days for the emergence of BTC. You will be kicking yourself for you obstinance in the future (and probably cringing every time you are reminded of the fortune (and more importantly your status and freedom in society), that you forfeited due to your failure to act.

There is a very important reason I started this thread here of all places. And its not just as gift to getbiggers, but also because its the perfect place to capture the thought process a person of moderate to moderate-above intelligence has to undertake before accepting, and then adopting, bitcoin as the global digital store of wealth. (And I will give you credit - you performed your role perfectly in that regard).

Oh, and $22000.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on December 17, 2020, 09:34:45 AM
I would cash out a large portion of that bitcoin gib.  I couldn't sleep at night knowing that I could wake up in the morning and my million may have vanished into thin air.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 17, 2020, 09:35:31 AM
There is a very interesting lesson in psychology going on here.  Greed and fear.

Take notice at how giddy our resident blipcoin pumper/dumper has become.  Just like he's just had sex for the very first time.  He was acting the same way and saying the same things during the first run to $19k.  He said he was "hodling" his blips to $1 million, but he didn't... he saw the air coming out, got scared and sold at $16K.  Go back and read it all if you're bored, it's all there.

The main reason speculators are buying now because they all think the price is going much higher... that's it.  Can it go higher?... yes.  Why?... because as the OP has shown us, people become very irrational where money and greed is involved.  Right now greed is in play.  Euphoria is reached when people believe the price will NEVER come down ever again ("a new paradigm").  I don't think it's there yet.

One of the top rules of investing is anytime you become euphoric about an "investment" (I use that term loosely), it's time to sell it. 

When a few whales finally decide to sell, the cascade will be the same as someone yelling fire in a crowded movie theater, everyone will be looking for the exit door, just like they did on the drop from $19K to $3K. 

Let's see if our smug little friend can HODL to $1,000,000 this time.  I doubt it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 17, 2020, 09:39:24 AM
Quote from: gib on December 17, 2020, 09:24:47 AM
Allow me to provide another interpretation. Perhaps its a reflection that due to my wealth and long record of investment success, I now have all the time in the world to engage in this fun. (I think even the great Mr A at one point begrudgingly admitted that my wealth might actually be legit...)

And that further, I might in fact be highly efficient at the many other things I do. (Another key to success by the way).

Not that my wealth, or lack of it, actually matters to the discussion itself. I answered truthfully what my level of wealth was many posts back because someone asked about it. But as I said at the time, its not really relevant. And in any case its all relative. There are many people far more wealthy than I am. Pretend I am poor if you like, but either way please focus on the academic discussion. My level of wealth is a distraction.

PS - my little holding of a mere 50 BTCs (a small portion of my total assets) now gets me over 1m. So in that sense, You could say that technically I am a "bitcoin millionaire).  ;D

This guy....  LOL!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 17, 2020, 09:41:48 AM
Quote from: gib on December 17, 2020, 09:00:58 AM
Mr A, you have both humiliated and self-owned yourself. That is obvious to all. Not just that, but apart from losing out on one of the most important investment opportunities of a lifetime your incessant nonsense may have actually caused similar losses to others. Fair game of course, this is GetBig, but have some pride my friend. Man up, re-assess, admit your wrongdoing (an apology would be nice), and then come join the ride (as opposed to bringing people down with you). Its still very very early days for the emergence of BTC. You will be kicking yourself for you obstinance in the future (and probably cringing every time you are reminded of the fortune (and more importantly your status and freedom in society), that you forfeited due to your failure to act.

There is a very important reason I started this thread here of all places. And its not just as gift to getbiggers, but also because its the perfect place to capture the thought process a person of moderate to moderate-above intelligence has to undertake before accepting, and then adopting, bitcoin as the global digital store of wealth. (And I will give you credit - you performed your role perfectly in that regard).

Wow, I sure do take a LOT of parking space in your head.  I'm flattered that you spend so much time writing these denigrating missives about me.  Do you ever sleep?  you must spend all night and day thinking about me. 

For having as much wealth and smarts as you claim, you sure sound miserable, very insecure too. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 17, 2020, 09:43:09 AM
imagine panic selling a few years ago when bitcoin jumped from 20.000 to 5000 dollars. That must feel real bad now (I dont have bitcoin myself)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 17, 2020, 09:48:49 AM
Quote from: FitnessFrenzy on December 17, 2020, 09:43:09 AM
imagine panic selling a few years ago when bitcoin jumped from 20.000 to 5000 dollars. That must feel real bad now (I dont have bitcoin myself)

It'll happen again.  This time you have even bigger players involved who will dump it.  The next crash will be epic.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 17, 2020, 05:06:28 PM
Quote from: Mr Anabolic on December 17, 2020, 09:48:49 AM
It'll happen again.  This time you have even bigger players involved who will dump it.  The next crash will be epic.

So you are claiming this next pullback will create a lower price than earlier this year.

Interesting.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 17, 2020, 05:35:38 PM
Quote from: Mayday on December 17, 2020, 05:06:28 PM
So you are claiming this next pullback will create a lower price than earlier this year.

Interesting.

The next crash/dump will be epic.  Where the price ends up, no one knows. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 17, 2020, 06:19:22 PM
Quote from: Mr Anabolic on December 17, 2020, 05:35:38 PM
The next crash/dump will be epic.  Where the price ends up, no one knows.

Why the fence sitting?

Are you claiming this next dump is the end of BtC? you don’t like it and believe it will die. Your opportunity to be correct was during the 2018 dump when countries banned it and closed exchanges. BTC survived, became regulated (with more to follow) and set a new high.

Will you agree that this upcoming dump will be followed by a quick bounce back up to this 23k level?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 17, 2020, 09:45:55 PM
Quote from: Mayday on December 17, 2020, 06:19:22 PM
Why the fence sitting?

Are you claiming this next dump is the end of BtC? you don’t like it and believe it will die. Your opportunity to be correct was during the 2018 dump when countries banned it and closed exchanges. BTC survived, became regulated (with more to follow) and set a new high.

Will you agree that this upcoming dump will be followed by a quick bounce back up to this 23k level?

Lol - great comeback Mayday. Good luck getting a reply from Mr A, as whenever you confront him with logic, or anything that puts his nonsense on the spot, he avoids responding. That's one of his traits.

But you are spot on with your comment. Remember this is the guy who called a "bubble" in Bitcoin back at $300 per coin. He confuses short term volatility with a long term trend. Tesla, Amazon, Apple, etc - they all had big "corrections" along the way, but all these are almost imperceptible on a zoomed out historical stock price graph.

Remember, this is the same guy who called a stock marker collapse every year since 2009, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, and this year. And during "corrections" he would shout to all who would listen that "this is the big one". Yet, the stock market is now higher than its ever been! And Bitcoin is also higher than its every been. Indeed for Bitcoin, even for a person who bought in at the absolute 2017 peak (as opposed to averaging in), they would around 15% up now - so even for those buyers, a far better investment return than having stayed in cash earning zero return (and indeed being devalued over time).

I have long suspected he is secretly buying Bitcoin. He is stubborn, but is he that stupid to really not be holding it? I would urge him to swallow his pride, and admit that he as seen the light.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on December 18, 2020, 06:08:12 AM
Curious no responses to my questions from the experts here. When asked questions that go deeper than blind faith in ponzi the answers get thin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 18, 2020, 12:32:25 PM
Quote from: SOMEPARTS on December 18, 2020, 06:08:12 AM
Curious no responses to my questions from the experts here. When asked questions that go deeper than blind faith in ponzi the answers get thin.

Not sure who you are aiming that at? I addressed your questions.

I don’t think things like energy efficiency come into it. I don’t really think banks give a shit about what is under the bonnet most of the time, I have only seen comments around it’s ability to become a hedge.

We know the monetary system is transforming and it stands to reason banks will all be looking for something new to capitalise on.

Gold already exists as a hedge. Gold has functioned for wealth storage for thousands of years but yet we are not seeing it move like it should in this environment. The question back to you and any person who doesn’t believe BTC has a good chance of success to become a hedge is if a tool already exists for this very purpose, why aren’t they using it to the level we should be seeing and why are banks now becoming supportive of BTC as a hedge in the future?

There should be WAY more focus on the gold bugs about why gold isn’t already 3,000.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 18, 2020, 01:13:14 PM
Quote from: gib on December 17, 2020, 09:45:55 PM
Lol - great comeback Mayday. Good luck getting a reply from Mr A, as whenever you confront him with logic, or anything that puts his nonsense on the spot, he avoids responding. That's one of his traits.

But you are spot on with your comment. Remember this is the guy who called a "bubble" in Bitcoin back at $300 per coin. He confuses short term volatility with a long term trend. Tesla, Amazon, Apple, etc - they all had big "corrections" along the way, but all these are almost imperceptible on a zoomed out historical stock price graph.

Remember, this is the same guy who called a stock marker collapse every year since 2009, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, and this year. And during "corrections" he would shout to all who would listen that "this is the big one". Yet, the stock market is now higher than its ever been! And Bitcoin is also higher than its every been. Indeed for Bitcoin, even for a person who bought in at the absolute 2017 peak (as opposed to averaging in), they would around 15% up now - so even for those buyers, a far better investment return than having stayed in cash earning zero return (and indeed being devalued over time).

I have long suspected he is secretly buying Bitcoin. He is stubborn, but is he that stupid to really not be holding it? I would urge him to swallow his pride, and admit that he as seen the light.

Meltdown!

lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mr Anabolic on December 18, 2020, 01:17:01 PM
Quote from: Mayday on December 17, 2020, 06:19:22 PM
Why the fence sitting?

Are you claiming this next dump is the end of BtC? you don’t like it and believe it will die. Your opportunity to be correct was during the 2018 dump when countries banned it and closed exchanges. BTC survived, became regulated (with more to follow) and set a new high.

Will you agree that this upcoming dump will be followed by a quick bounce back up to this 23k level?

Plenty of better ways to make money than trading digital tulip bulbs.  Learn how to trade options... 200-500% gains... like the end of today's market close.  Easy peasy!

At least you're somewhat sane.  Not like this sociopath, who's has a meltdown while writing 3-4 paragraph denigration dissertations about me everyday.  He should be happy making some $ with his blips, but he seems very angry and insecure.  I occupy his brain 24/7.

Winning!   ;D ;D ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 18, 2020, 03:29:52 PM
Quote from: Mr Anabolic on December 18, 2020, 01:17:01 PM
Plenty of better ways to make money than trading digital tulip bulbs.  Learn how to trade options... 200-500% gains... like the end of today's market close.  Easy peasy!

At least you're somewhat sane.  Not like this sociopath, who's has a meltdown while writing 3-4 paragraph denigration dissertations about me everyday.  He should be happy making some $ with his blips, but he seems very angry and insecure.  I occupy his brain 24/7.

Winning!   ;D ;D ;D

Futures yeah?

I wanted to get into trading and not do what I do for a living but the thought of losing outweighs my feeling that I’d win lol. I’m geared to handle the data to at least not totally fuck it up (I hope).

I had a practice account and made 36k in a week but I’m pretty sure that is BS as the volumes you buy and sell in the sandpit aren’t reflected in the real world so buy/sell qty can be completely fake. They suck people in with that I think.

Can I send you a PM with a few questions?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 18, 2020, 07:27:01 PM
Quote from: Mr Anabolic on December 17, 2020, 05:35:38 PM
The next crash/dump will be epic.  Where the price ends up, no one knows.

So you are now admitting that long term that price will go up (despite short term volatility)? If so, we are making good progress with your journey to acceptance. And also if so, the sensible thing to do would be to simply buy, and HODL (which is indeed what I have continuously advised you to do). As opposed to not buy at all (which is what you have continuously advised).

Whilst on-one can predict the exact price, what we can far more easily make a prediction on is a long term directional trend. (Which is of course where you have been so very very wrong, both with bitcoin and with equities).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 18, 2020, 07:42:52 PM
Quote from: gib on December 18, 2020, 07:27:01 PM
So you are now admitting that long term that price will go up (despite short term volatility)? If so, we are making good progress with your journey to acceptance. And also if so, the sensible thing to do would be to simply buy, and HODL (which is indeed what I have continuously advised you to do). As opposed to not buy at all (which is what you have continuously advised).

Whilst on-one can predict the exact price, what we can far more easily make a prediction on is a long term directional trend. (Which is of course where you have been so very very wrong, both with bitcoin and with equities).

Mayday, you are smart enough to realize that "trading options" to make money is a long term losing proposition for the vast vast majority of people (and especially for those without inside information). Its akin, long term to putting money on a roulette wheel. I have had may friends who kid themselves that they are "professional traders" taking leveraged short term bets on FX, equities, commodities, crypto. Is all BS. Indeed if it was that easy, the whole world would be billionaires.

I am sure you have figured this out already. Its laughable that Mr A, who has been wrong directionally even in simply predicting the continuous rise in the US stock market for each and every year from 2009 until now, could possibly be successful in the long term by betting on short term moves. To claim he can reliably make money doing this is akin to a horse racing punter or casino gambler who only tells you about his wins (and not his losses).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on December 18, 2020, 08:27:44 PM
Quote from: Mayday on December 18, 2020, 12:32:25 PM
Not sure who you are aiming that at? I addressed your questions.

I don’t think things like energy efficiency come into it. I don’t really think banks give a shit about what is under the bonnet most of the time, I have only seen comments around it’s ability to become a hedge.

We know the monetary system is transforming and it stands to reason banks will all be looking for something new to capitalise on.

Gold already exists as a hedge. Gold has functioned for wealth storage for thousands of years but yet we are not seeing it move like it should in this environment. The question back to you and any person who doesn’t believe BTC has a good chance of success to become a hedge is if a tool already exists for this very purpose, why aren’t they using it to the level we should be seeing and why are banks now becoming supportive of BTC as a hedge in the future?

There should be WAY more focus on the gold bugs about why gold isn’t already 3,000.



The banking game is giving numbers or paper for real value. Does that sound familiar? Just because we live in a digital age - well, I'm not a believer that the game changes.

I was more  interested in cryptos...for myself....back when it was being touted as "untraceable" and claims like "it cannot be taxed or controlled" and "no more can be made". Those things aren't true though are they, so how are you to hedge with it? The main draw right now is relative ease of access and the get rich quick appeal....but this was supposed to be the people's money and a bank buster. It just looks like a bank booster to me.

Gold is a shell game as well. So papered over in ETFs. What would it be worth if it were actually tied to it's physical weight? A whole lot more. It has its fractional and transactional issues as well, no doubt.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 19, 2020, 02:57:22 AM
$ 23.015,35
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Methyl m1ke on December 19, 2020, 04:58:50 AM
I'm gonna be honest here it's real cool that you guys have this huge thread here full of info and banter but it's only half cool because it's a bunch of people I've never seen or heard their voice all I get is WALL OF TEXT author "gib" (getbig.com)

Make some videos or podcasts for fucks sake.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 19, 2020, 05:53:32 AM
(https://www.flowbank.com/hubfs/EpcQwfHXMAQqF13.png)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 19, 2020, 06:04:20 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 19, 2020, 05:19:59 PM
Quote from: SOMEPARTS on December 18, 2020, 08:27:44 PM


The banking game is giving numbers or paper for real value. Does that sound familiar? Just because we live in a digital age - well, I'm not a believer that the game changes.

I was more  interested in cryptos...for myself....back when it was being touted as "untraceable" and claims like "it cannot be taxed or controlled" and "no more can be made". Those things aren't true though are they, so how are you to hedge with it? The main draw right now is relative ease of access and the get rich quick appeal....but this was supposed to be the people's money and a bank buster. It just looks like a bank booster to me.

Gold is a shell game as well. So papered over in ETFs. What would it be worth if it were actually tied to it's physical weight? A whole lot more. It has its fractional and transactional issues as well, no doubt.

The game changes because the existing debt system is maxed out. Zero interest rates, crazy low consumer inflation, next to no wage inflation. It started back in the 80s and lasted 40yrs, cryptos didn’t cause it.

The reasons you gave for being interested in crypto are the things that held it back. People wanted it (and still want it) to be something it can’t be. Just wait and soon you will see BTC rally over news of increased regulation as this equates to increased legitimacy as an asset. That is how it gets access to the wealthy and the wealthy are required to hit high price points, pretty straight forward.

The appeal is as a hedge because it’s a finite system that doesn’t expand unlike today’s monetary system. I’m not sure where you are reading it’s expansionary? Diem is expansionary, the upcoming Fed Buck is expansionary, China’s crypto is expansionary, are you sure you aren’t confusing BTC with those?

Speculative markets cause price increases, not the reverse. If gold was physical only, zero margin and forced deliveries, it would be worth Considerably less than it is today, not more. Speculative commodity dollars do not want delivery of goods, that is the whole reason the speculative market exists and as a result it jacks up prices as people who have no need or use for something become market participants increasing competition with real consumers/producers.

**edited to make it shorter







Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 19, 2020, 05:48:17 PM
Mr A, I have some good news for you.

I was speaking to some hedge fund friends over drinks last night and was telling the story of your journey to acceptance, and how now, even though you know you should be buying, you think bitcoin is "too expensive has the average American can no longer even afford one".

I have good news for you. Going forwards, you will hear more frequently Bitcoin referred to as SATS.

“SATS” is short for Satoshis. Sats are the smallest unit of Bitcoin that we will start to be using more on a day to day basis. In gold terms, think of Bitcoins as being a gold bar, and sats as being gold coins (only of course far superior due to divisibility and instant international transferability).

One Sat is equal to 0.00000001 BTC (one hundred millionth of a Bitcoin). In other words, there are 100,000,000 Sats in a Bitcoin.
 
Right now, you can get 1000 Sats for around USD 23 cents. Cheap huh?

In the crypto space, traders are already measuring the value of alts in SATS (as opposed to BTC), and this will become more common as the value of BTC rises.

So there you go my friend. You can now buy Sats very cheaply. And you can also appear educated and crypto-hip as you casually throw the term "sats" into conversation.

How much is a Sat worth? See this easy to use converter here: https://www.buybitcoinworldwide.com/satoshi/to-usd/

I would urge anyone who has not yet secured their status in the future, to get some Sats ASAP. And then HODL.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on December 20, 2020, 02:07:18 PM
Elon Musk Inquires About Moving ‘Large Transactions’ to Bitcoin

(https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ii89geI_ExfU/v0/1000x-1.jpg)

Elon Musk inquired about converting “large transactions” of Tesla Inc.’s balance sheet into Bitcoin in a Twitter exchange with Michael Saylor, a prominent booster of the digital currency.

In a series of tweets, Saylor, chief executive officer of Microstrategy Inc., encouraged the billionaire to shift U.S. dollars from the electric-car maker to Bitcoin and “do your shareholders a $100 billion favor.”

“Other firms on the S&P 500 would follow your lead & in time it would grow to become a $1 trillion favor,” Saylor added in his tweet on Sunday.

The exchange came after Musk posted a suggestive image indicating that he’s tempted by Bitcoin, which has more than tripled in value this year.

“Are such large transactions even possible?” Musk tweeted in response to Saylor. Numerous people assured him they are, as well as Saylor, who said he had purchased more than $1.3 billion in Bitcoin and offered to share his “playbook” offline.

Bitcoin’s surge to record highs has investors racing for exposure to the rally -- even if it means paying a high markup. As the largest cryptocurrency rocketed above $23,000 for the first time this week, the mania pushed the price of the Bitwise 10 Crypto Index Fund as much as 650% above the value of its holdings, according to data compiled by Bloomberg.

https://www.bloomberg.com/news/articles/2020-12-20/musk-inquires-about-moving-large-transactions-to-bitcoin
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 20, 2020, 03:32:49 PM
I’m just not a believer in Musk not already being involved in some way.

The guy creates what has been the most disruptive payment platform to the financial system, then dismisses cryptos except for his mate’s dog coin because he liked the code lol.

He has the vision to put someone on Mars....... but cryptos are useless.....oh but now He is interested....in BtC of all things which he said was useless..... 

I don’t believe he isn’t already involved. No way.





Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 20, 2020, 06:17:49 PM
Quote from: Mayday on December 20, 2020, 03:32:49 PM
I’m just not a believer in Musk not already being involved in some way.

The guy creates what has been the most disruptive payment platform to the financial system, then dismisses cryptos except for his mate’s dog coin because he liked the code lol.

He has the vision to put someone on Mars....... but cryptos are useless.....oh but now He is interested....in BtC of all things which he said was useless..... 

I don’t believe he isn’t already involved. No way.

One of the founders of PayPal. And someone who loves challenging conventional thinking in search of better solutions. Yes, he gets it for sure. So yes, I am sure he will be buying in big. There is probably also an energy / satellite /datacenter play there somewhere, as well as a play on self-driving cars that essentiality get paid Sats on the blockchain when they are rented out by their owners for income.


In fact, quite apart from Musk, I reckon even one of the younger fund managers from Buffets Berkshire Hathaway fund will also buy in at some point. That is going to be epic when its announced, for a number of reasons.

I expect the big players and institutions to be a little quiet on the BTC front over Xmas holidays. But Bitcoin will be back with an absolute vengeance in 2022, as larger funds place their bets seeking alpha over the year ahead. Mark my words...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on December 20, 2020, 07:53:23 PM
Musk going to need to move his $$ when the TSLA investors come looking with torches and pitchforks.  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 20, 2020, 09:16:14 PM
Quote from: gib on December 19, 2020, 05:48:17 PM
Mr A, I have some good news for you.

I was speaking to some hedge fund friends over drinks last night and was telling the story of your journey to acceptance, and how now, even though you know you should be buying, you think bitcoin is "too expensive has the average American can no longer even afford one".

I have good news for you. Going forwards, you will hear more frequently Bitcoin referred to as SATS.

“SATS” is short for Satoshis. Sats are the smallest unit of Bitcoin that we will start to be using more on a day to day basis. In gold terms, think of Bitcoins as being a gold bar, and sats as being gold coins (only of course far superior due to divisibility and instant international transferability).

One Sat is equal to 0.00000001 BTC (one hundred millionth of a Bitcoin). In other words, there are 100,000,000 Sats in a Bitcoin.
 
Right now, you can get 1000 Sats for around USD 23 cents. Cheap huh?

In the crypto space, traders are already measuring the value of alts in SATS (as opposed to BTC), and this will become more common as the value of BTC rises.

So there you go my friend. You can now buy Sats very cheaply. And you can also appear educated and crypto-hip as you casually throw the term "sats" into conversation.

How much is a Sat worth? See this easy to use converter here: https://www.buybitcoinworldwide.com/satoshi/to-usd/

I would urge anyone who has not yet secured their status in the future, to get some Sats ASAP. And then HODL.

Oh, and gosh - I nearly forgot...

$23,000!

*1000 Sats now cost you just 23 cents! Merry Xmas Mr A. You can still afford some. Its not too late!!!. The question you now need to ponder, is can you afford not to!  ::)

(http://)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 20, 2020, 10:05:23 PM
Quote from: Humble Narcissist on December 17, 2020, 09:34:45 AM
I would cash out a large portion of that bitcoin gib.  I couldn't sleep at night knowing that I could wake up in the morning and my million may have vanished into thin air.

Thanks man. I understand the sentiment. Yes its all about getting the right balance of risk and % allocation. BTC occupies only a small % of my portfolio. Not that I would like to see it lose value of course. For me its a long term HODL and a critical hedge on the future. I am very comfortable with short term volatile moves, but am believe we may well will see a long term "one in a life time" upward trend. And I will, I expect, keep hodling even as its % allocation of my net worth increases due to BTC increasing faster than other assets over time.

The thing about "cashing out" is what to do with that cash. Cash on its own is not at all a safe or productive long term investment. But yes, if your portfolio gets too heavily allocated to one particular asset it may be prudent to trim and rebalance.

For what its worth, I had my biggest ever loss this year in terms of net worth on paper. During the peak of the covid sell-off in the markets this year I was down 24 mil at one point. Partially due to me being very overweight on one particular stock that dominated my portfolio and was hit very hard (and irrationally hard in my opinion) (* I bet Mr A is creaming in his pants with glee reading this...lol ).

It was not a great feeling, and I had a few "if only I have done x" type days, but all I have learned, read, experienced etc since my beginning as a investor and my rational investment logic, compelled me to hold, and not panic, and to put emotions aside. Its this mindset that got me to where I am now.

Fortunately I put further cash into the markets right into the absolute trough, (although unfortunately I largely avoided "growth stocks" and instead focused on mostly blue chip value stocks, and also a few smaller caps that looked solid to me). So as of now, I am still down around 8 mil from my absolute net worth with only a few days of the year left to go. No regrets at all and I sleep well.

The point being, not to show how much I lost (as money and wealth is all relative) but to show that even with those declines, I overall do sleep pretty well, knowing that the companies I have invested in are solid, my logic is solid, and that over time will continue to produce a nice reliable stable income as well as an adjustment that reflects the fair value of the assets I hold.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on December 21, 2020, 02:23:43 AM
Do you have your house paid off?  If not, use the money for that first.  That is the best thing to do with large amounts of cash.  Also, make sure you have a gold star health insurance plan because one bad illness or injury can wipe out your portfolio.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 21, 2020, 03:00:27 AM
Quote from: Humble Narcissist on December 21, 2020, 02:23:43 AM
Do you have your house paid off?  If not, use the money for that first.  That is the best thing to do with large amounts of cash.  Also, make sure you have a gold star health insurance plan because one bad illness or injury can wipe out your portfolio.

Yes, have numerous, in various countries, although primarily rent in the places in live myself. Some are fully paid off. Some have smallish loans, with interest rates close to zero. In the past, yes if nothing better to do with cash, paying off debt was always an option. Now, with rates so low, I'm not so sure. Buy yes, all ok on the housing front. I've never bought anything with leverage (except property). Stocks all paid for in cash.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on December 21, 2020, 04:08:25 AM
Quote from: gib on December 21, 2020, 03:00:27 AM
Yes, have numerous, in various countries, although primarily rent in the places in live myself. Some are fully paid off. Some have smallish loans, with interest rates close to zero. In the past, yes if nothing better to do with cash, paying off debt was always an option. Now, with rates so low, I'm not so sure. Buy yes, all ok on the housing front. I've never bought anything with leverage (except property). Stocks all paid for in cash.
You are set.  Just retire and enjoy life.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 21, 2020, 05:25:18 AM
Quote from: Humble Narcissist on December 21, 2020, 04:08:25 AM
You are set.  Just retire and enjoy life.

Yes, I know I know. But there is still a need to protect these assets, let along the desire to earn a yield from them, in an environment of ever declining returns. But yes, its a good feeling for sure. I am for sure "retired" in the sense that I never need to "work" again, but on the other hand, not "retired" in the sense that I will sit in a rocking-chair watching TV all day.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on December 21, 2020, 07:24:06 AM
Quote from: Mayday on December 20, 2020, 03:32:49 PM
I’m just not a believer in Musk not already being involved in some way.

The guy creates what has been the most disruptive payment platform to the financial system, then dismisses cryptos except for his mate’s dog coin because he liked the code lol.

He has the vision to put someone on Mars....... but cryptos are useless.....oh but now He is interested....in BtC of all things which he said was useless..... 

I don’t believe he isn’t already involved. No way.

Plus take into account that Michael Saylor is such a great spokesman for Bitcoin and has already committed twice to buying hundreds of millions of dollars of it.

Saylor and Musk have likely already talked behind the scene and Saylor can explain to Elon exactly how to go about accumulating large amounts of Bitcoin without disrupting the market too much.

And Saylor is already on the record saying that he plans to hold onto Bitcoin for decades. Imagine if these giant companies begin to pile in with the same intentions? The supply really begins to be squeezed at that point.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on December 21, 2020, 11:23:00 AM
" bitcoin is almost as bullshit as fiat money " 

elon musk
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on December 21, 2020, 05:54:48 PM
$51 Billion Global Investment Firm Jefferies Selling Gold for Bitcoin


 

A top executive at Jefferies says the billion-dollar investment firm is cutting some gold from its portfolio in favor of Bitcoin.

As Bitcoin continues to consolidate above the $20,000 range, the global head of equity strategy at Jefferies, Christopher Wood, says the company is purchasing the top cryptocurrency at the expense of the precious metal.

The firm, with $51 billion in assets under management as of Q3 2020, is converting some of its gold holdings in its long-only global portfolio for US dollar-denominated pension funds, which was created in 2002, according to Business Standard. Wood says he plans to increase exposure to cryptocurrency in this portfolio if the market sees a correction after its recent pump.

“The 50 percent weight in physical gold bullion in the portfolio will be reduced for the first time in several years by five percentage points with the money invested in Bitcoin. If there is a big drawdown in bitcoin from the current level, after the historic breakout above the $20,000 level, the intention will be to add to this position.”

The allocation in this particular fund is 45% in physical gold bullion, 30% in Asia ex-Japan equities, weighted according to the long-only thematic portfolio, 20% in unhedged gold mining stocks and 5% in Bitcoin.

Wood notes that he is still bullish on gold, as he believes central banks will continue to adopt loose monetary policies.

Meanwhile, Weiss Rating analysts Juan Villaverde and Bruce Ng suggest that Bitcoin could have a much larger upside if other companies like Jefferies begin to favor these asset classes equally over bonds as a hedge against inflation and economic turbulence.

“…Roughly $30 trillion is sitting in government bonds. Suppose 10% of that amount finds its way into gold and Bitcoin. That works out to an exodus of $3 trillion. And if that is split evenly, we’d end up with…

$1.5 trillion going into gold – which is 15% of gold’s market cap (now about $10 trillion). And…$1.5 trillion going into Bitcoin – which is 4.4 times its market cap (now about $338 billion).

Due to Bitcoin’s much lower market cap and trading volume, it has the potential to rise far faster than gold… as new money from disillusioned bond investors pours in.”

 https://dailyhodl.com/2020/12/19/51-billion-finance-giant-jefferies-selling-gold-for-bitcoin/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 21, 2020, 09:43:03 PM
Quote from: DooM_ on December 21, 2020, 11:23:00 AM
" bitcoin is almost as bullshit as fiat money " 

elon musk

Says Musk who is worth 153B and happily spends his fiat on high end property all over the globe.....

I’ll break it down super easy as to why we need expansionary (deflationary) monetary systems.

As a natural course, all resources flow to the top 2%. The reason you expand the money supply is to provide more funds to the other 98% to allow them to live life.

The game of Monopoly provides 2 lessons.
1) The richest always win
2) A money supply based on a constantly reduced expansion ends in failure

Taking 2 players, monopoly has a starting money supply of 3k. Each pass of GO by both players adds 0.4 to the money supply.

The first pass the currency expansion is 13% life is easy in the early stages. We snap up property without a second though and are able to build.

By turn 60 the expansion in the money supply is down to around 1.7%. By this stage one player is pretty fucked, the other is rich, the game ends.

This is how it works. Without expansion the game ends because the player who is transferring their wealth to the 2% doesn’t have enough coming in via GO to keep themselves afloat.

Now, if you kept the inflation at 13% every GO pass the game would go on and on......  simple.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 22, 2020, 12:55:53 AM
Quote from: Mayday on December 21, 2020, 09:43:03 PM
Says Musk who is worth 153B and happily spends his fiat on high end property all over the globe.....

I’ll break it down super easy as to why we need expansionary (deflationary) monetary systems.

As a natural course, all resources flow to the top 2%. The reason you expand the money supply is to provide more funds to the other 98% to allow them to live life.

The game of Monopoly provides 2 lessons.
1) The richest always win
2) A money supply based on a constantly reduced expansion ends in failure

Taking 2 players, monopoly has a starting money supply of 3k. Each pass of GO by both players adds 0.4 to the money supply.

The first pass the currency expansion is 13% life is easy in the early stages. We snap up property without a second though and are able to build.

By turn 60 the expansion in the money supply is down to around 1.7%. By this stage one player is pretty fucked, the other is rich, the game ends.

This is how it works. Without expansion the game ends because the player who is transferring their wealth to the 2% doesn’t have enough coming in via GO to keep themselves afloat.

Now, if you kept the inflation at 13% every GO pass the game would go on and on......  simple.

In monopoly it is crucial to acquire assets early in the game. And ideally with the right degree of leverage. If not, and if you "save your money", or buy unproductive assets, over time you eventually become the rich man's bitch. And the rich man will gleefully keep raping the poor, day after day until their ultimate death. Every little bit of money given to the masses when they pass go, or when they get the occasional small windfall, is quickly taken away. The poor man gets trapped on an endless treadmill in a fight for survival.

In the real world, its much the same. Cash put into productive assets provide us with protection and growth. The rest are simply treading water. Bitcoin provides the solution of protection against the dilutive effect of money printing over time. And much like monopoly, those with foresight will be the owners of an asset limited in supply that keep going up in value, whereas those who missed out will simply be using "paper monopoly money" that becomes increasingly worthless over time...

All of know this. Only some of use will act accordingly.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on December 22, 2020, 02:33:06 AM
Quote from: gib on December 21, 2020, 05:25:18 AM
Yes, I know I know. But there is still a need to protect these assets, let along the desire to earn a yield from them, in an environment of ever declining returns. But yes, its a good feeling for sure. I am for sure "retired" in the sense that I never need to "work" again, but on the other hand, not "retired" in the sense that I will sit in a rocking-chair watching TV all day.
Laying in bed or on the couch watching tv is much better than watching it from a rocking chair.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 22, 2020, 03:59:12 AM
Quote from: gib on December 22, 2020, 12:55:53 AM
whereas those who missed out will simply be using "paper monopoly money" that becomes increasingly worthless over time...

But the point is without currency devaluation and increasing the money supply, only 1 person can play. That is the lesson to be learned by the mechanics of monopoly and why there is always 1 winner.

If you remove the ability of the money supply to inflate, you remove growth and also remove the ability for people to play. In a fixed system 98% of us are proper fucked and will never have anything at all because the 2% will own literally everything. It would be a highly socialist run place which is ironic because those who claim a fixed money supply claims it will give them freedom. In reality it will be the opposite.

In regards to growth, if you like growth, you like currency devaluation and inflation. I would pick 18% interest rates all day everyday over what we have in place today.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on December 22, 2020, 06:07:55 AM
'' i was a scammer . i had it down to science , and it’s exactly what’s happening with bitcoin, biggest scam ever ''

jordan belfort  ' wolf of wall street '
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on December 22, 2020, 10:12:11 AM
Billion-Dollar Wealth Manager Skybridge Capital Plans to Launch a Bitcoin Fund

In mid-November, a filing registered with the U.S. Securities and Exchange Commission (SEC) had shown that the investment firm Skybridge Capital may invest in crypto assets like bitcoin. Over a month later, Skybridge Capital filed another registration form with the U.S. SEC (Form D) as it plans to launch a bitcoin fund.

The wealth management firm run by Anthony Scaramucci, Skybridge Capital, is launching a bitcoin fund called the Skybridge Bitcoin Fund L.P. The news of the Skybridge’s fund stems from a Form D Securities and Exchange Commission filing. The New York-based company manages over $9.2 billion assets under management (AUM) and the filing shows it wants to manage a bitcoin (BTC) fund for accredited investors.

According to the filing submitted on December 21, 2020, it will be for accredited investors who can purchase $50k or more. It’s a pooled investment and hedge fund, and as for the issuance-size Skybridge has declined to disclose. Further, the Skybridge Bitcoin Fund will follow Rule 506(c) that allows the solicitation and general advertisement of the offering to accredited investors.

Skybridge Capital was founded in 2005 by Anthony Scaramucci, Brett S. Messing, Raymond Nolte, and Troy Gaveski. The news of the Skybridge Bitcoin Fund filing on Monday follows the company explaining that the firm’s G II Fund “may hold long and short positions in digital assets.” Of course, after the Form D filing was revealed for the Skybridge Bitcoin Fund, bitcoin proponents discussed the entry on social media and forums.

“Boom! Skybridge Capital is doubling down on Bitcoin,” tweeted Kevin Rooke. “They just registered the Skybridge Bitcoin Fund with the SEC, one month after allowing two of their other funds to invest in bitcoin.”

The founder of Skybridge Anthony Scaramucci was also a former White House director of communications. Scaramucci has said in an interview that “a fan” of cryptocurrencies and believes that “digital assets have a future.”

https://guy-skybridge-capital-plans-to-launch-a-bitcoin-fund/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 23, 2020, 12:25:46 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 23, 2020, 03:06:56 PM
Quote from: DooM_ on December 22, 2020, 06:07:55 AM
'' i was a scammer . i had it down to science , and it’s exactly what’s happening with bitcoin, biggest scam ever ''

jordan belfort  ' wolf of wall street '

Yeah but scammers don’t need to know anything other than how a scam works. He wouldn’t have the faintest idea why BTC is suddenly being looked at.

See the thing is the metrics the system uses are blowing up. Profitability doesn’t work, dividends don’t work, revenue doesn’t work, growth doesn’t work. The metric they are down to now is QE meaning when the central banks inject QE, which financial assets will it flow into and then they front run it.

The problem is each party starts to look at each other thinking ummmm are we really down to buying in because of QE? They are getting nervous because QE is it because the govts and banks have still not addressed the lack of consumer inflation, wage inflation or employment.

Hence BtC has suddenly raised eyebrows because it’s something that isn’t yet fucked with.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 24, 2020, 02:16:38 AM
Quote from: DooM_ on December 22, 2020, 06:07:55 AM
'' i was a scammer . i had it down to science , and it’s exactly what’s happening with bitcoin, biggest scam ever ''

jordan belfort  ' wolf of wall street '

Not exactly the most credible of people to be quoting. lol

The reality is that fiat currency (basically paper monopoly money issued by central banks), and mandated as "legal tender" to be used by the masses is the actual scam, benefitting those closest to the creation and distribution of money immensely. Politicians, tycoons, family dynasties, kingdoms, illuminati - the .00001% ers that basically control the world. Fiat currency has been a great scam. Just like casinos will continue to be a great "scam". Because the reality is that the masses are stupid. They don't get it. They in fact don't even think about it, let alone understand the concept of what they should be getting.

Sure we have seen certain countries collapse throughout history under fiat systems, but even then, those collapse's only really hurt the poor - those living week to week on fiat currency, or with their "savings" in fiat currency. The elite were always able to convert their fake money into real assets of value. They stored their value in property. businesses, art, and even gold (which they let the masses have a little of, with the majority held by central banks.

Now things are changing. Bitcoin as emerged as the ultimate fiat money scam buster. One could say Bitcoin was adopted by the "future elite" of the masses.

The .00001% ers tried initially to ignore, hinder, prohibit Bitcoin. Now they know its unstoppable, and quietly and stealthily are changing sides. The masses, or at least a smalll % of them, have a real chance to increase their global standing in the world in terms of wealth, power, and most importantly in free choice and freedom, by acquiring whatever BTC they can. Because make now doubt about the inverse fiat vortex is gaining strength. And over time, a huge amount of value will be converted and re-distributed in the process.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 24, 2020, 02:48:41 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on December 25, 2020, 09:18:43 AM
Bitcoin Surges to Hit New All-Time High on Christmas Day

 Bitcoin's price has set a new record, with the cryptocurrency hitting $24,644.30 on Christmas Day.

It's a very merry Christmas for Bitcoin holders, as the cryptocurrency surged to a new all-time high on Christmas Day.

The price of Bitcoin shot up by 5.8% in the past 24 hours, peaking at $24,644.30 according to CoinGecko.

Bitcoin's price has pulled back slightly; it's currently trading at around $24,358, at time of writing.

It follows a week in which Bitcoin has plowed through previous records, reaching $24,085 on December 19.

Growing demand for Bitcoin is resulting in a supply crisis, as institutional investors are buying up huge quantities of the cryptocurrency; in the last week, business intelligence firm MicroStrategy added to its Bitcoin holdings with a $650 million buy, bringing its total to over 70,000 Bitcoin.

At the same time, the supply of Bitcoin held on exchanges has dropped by 20% since January as it's moved into long term storage by hodlers, meaning that there's less available to trade.

“The supply crisis as I call it, will have an impact on price, but it doesn’t necessarily prevent retail investors or smaller investors from getting into the space,” Glassnode CTO Rafael Schultze-Kraft told Decrypt.

 https://decrypt.co/52653/bitcoin-surges-to-hit-new-all-time-high-on-christmas-day
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 25, 2020, 09:37:23 AM
$ 24.156,33
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 25, 2020, 08:58:25 PM
Quote from: Mr Anabolic on November 01, 2017, 05:50:13 AM
Bitcoin is a gigantic bubble.  At some point it will pop.  When it pops it'll create lots of pain for everyone who is buying at current levels.     

Back in the day when "current levels" were $6120 a coin... lol :)

Anyone who had the foresight to buy at that time, would now be up over 400%... :) :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on December 26, 2020, 05:10:20 AM
Bitcoin is a Ponzi scheme but Pozi schemes can make you money if you get out in time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 26, 2020, 05:59:19 AM
https://markets.businessinsider.com/currencies/news/bitcoin-price-kevin-oleary-regulations-institutional-investors-weep-cryptocurrency-2020-12-1029919028

Kevin O'Leary told CNBC on Thursday that bitcoin is irrelevant to financial markets and too at risk of regulations to be taken seriously by institutional investors.

"I'm waiting for the day that one of these regulators comes down hard on bitcoin. Grown men are going to weep when that happens. You'll never see a loss of capital like that ever in your life. It will be brutal," he said.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 26, 2020, 06:05:42 AM
https://www.pymnts.com/cryptocurrency/2020/us-treasury-proposes-new-disclosure-rules-on-bitcoin-other-cryptos/

US Treasury Proposes Sweeping New Disclosure Rules On Bitcoin, Other Cryptos

The U.S. Treasury Department proposed sweeping new rules late Friday (Dec. 18) that the government says would make convertible digital currencies like bitcoin less attractive to criminals engaging in crimes such as ransomware attacks.

The new regulations, if adopted after a comment period, would require banks and some other institutions to obtain and report the identities of parties engaging in certain digital transactions, including payments involving what are called "unhosted wallets" – effectively secret bank accounts that hold cryptocurrency.

The rules effectively require financial institutions to report such digital transactions in much the same way they have been required to report cash transactions since 1970.

The proposed limits for reporting digital transactions are $10,000 for non-wire transactions and $3,000 for wire transactions – the same as with cash.

The rationale for the new regulations, as the government laid out in the Federal Register, is that "U.S. authorities have found that malign actors are increasingly using CVC to facilitate international terrorist financing, weapons proliferation, sanctions evasion and transnational money laundering, as well as to buy and sell controlled substances, stolen and fraudulent identification documents and access devices, counterfeit goods, malware and other computer hacking tools, firearms, and toxic chemicals. In addition, ransomware attacks and associated demands for payment, which are almost exclusively denominated in CVC, are increasing in severity."
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 26, 2020, 09:41:25 AM
$ 25,827.96
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Methyl m1ke on December 26, 2020, 10:21:12 AM
Quote from: Humble Narcissist on December 26, 2020, 05:10:20 AM
Bitcoin is a Ponzi scheme but Pozi schemes can make you money if you get out in time.

Ponzi and I wish I had a good amount to throw at btc 100k or something. The rich get richer...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 26, 2020, 12:18:47 PM
Quote from: polychronopolous on December 25, 2020, 09:18:43 AM
Bitcoin Surges to Hit New All-Time High on Christmas Day

 Bitcoin's price has set a new record, with the cryptocurrency hitting $24,644.30 on Christmas Day.

It's a very merry Christmas for Bitcoin holders, as the cryptocurrency surged to a new all-time high on Christmas Day.

The price of Bitcoin shot up by 5.8% in the past 24 hours, peaking at $24,644.30 according to CoinGecko.

Bitcoin's price has pulled back slightly; it's currently trading at around $24,358, at time of writing.

It follows a week in which Bitcoin has plowed through previous records, reaching $24,085 on December 19.

Growing demand for Bitcoin is resulting in a supply crisis, as institutional investors are buying up huge quantities of the cryptocurrency; in the last week, business intelligence firm MicroStrategy added to its Bitcoin holdings with a $650 million buy, bringing its total to over 70,000 Bitcoin.

At the same time, the supply of Bitcoin held on exchanges has dropped by 20% since January as it's moved into long term storage by hodlers, meaning that there's less available to trade.

“The supply crisis as I call it, will have an impact on price, but it doesn’t necessarily prevent retail investors or smaller investors from getting into the space,” Glassnode CTO Rafael Schultze-Kraft told Decrypt.

 https://decrypt.co/52653/bitcoin-surges-to-hit-new-all-time-high-on-christmas-day

Not really all that great news IMO. What you want to read is a new player has entered with a 650M buy, not an existing holder buying more.

The pullback once this run is done is going to be 30%-40% as these latest ramps are caused by microstrategy and grayscale. I have more funds parked which I will buy in again after the next pullback. I have enough buffer on my existing holding now where I am no longer worried about pullbacks.

What would be interesting is if some of these very large cash rich businesses decide to park some of their money in BTC. Then you’d have corporate players entering not just financials institutions.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ChristopherA on December 26, 2020, 01:49:07 PM
$26,722.78
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on December 26, 2020, 02:30:57 PM
Quote from: Methyl m1ke on December 26, 2020, 10:21:12 AM
Ponzi and I wish I had a good amount to throw at btc 100k or something. The rich get richer...
I wouldn't invest anywhere near that much as you could lose it all overnight.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 26, 2020, 04:00:47 PM
Quote from: Humble Narcissist on December 26, 2020, 02:30:57 PM
I wouldn't invest anywhere near that much as you could lose it all overnight.

Nah, even when the Asian countries were cracking down on it there was plenty of time to exit.

BTC isn’t bought with leverage so you don’t get those nightmare unwinding scenarios where it triggers a string of margin calls and sell offs that trigger more margin calls and sell offs.

This thread has people saying BTC wouldn’t hit 5k and today it is 5x that value. In 2021 BTC is going to tap 60k.

At what price point would you change your opinion?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on December 26, 2020, 04:02:57 PM
Quote from: Mayday on December 26, 2020, 04:00:47 PM
Nah, even when the Asian countries were cracking down on it there was plenty of time to exit.

BTC isn’t bought with leverage so you don’t get those nightmare unwinding scenarios where it triggers a string of margin calls and sell offs that trigger more margin calls and sell offs.

This thread has people saying BTC wouldn’t hit 5k and today it is 5x that value. In 2021 BTC is going to tap 60k.

At what price point would you change your opinion?
I would never invest 100k into cryptocurrency regardless of price point.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 26, 2020, 04:55:34 PM
Quote from: Humble Narcissist on December 26, 2020, 04:02:57 PM
I would never invest 100k into cryptocurrency regardless of price point.

Fair enough but just keep in mind the answer to all of this is they are going to inflate the fuck out of everything.

BTC today, is a front run on that ‘everything’......assuming it becomes more regulated.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 26, 2020, 04:58:58 PM
Quote from: Humble Narcissist on December 26, 2020, 02:30:57 PM
I wouldn't invest anywhere near that much as you could lose it all overnight.

...Says the same person who would quite possibly keep the same amount of cash in the bank. ... :)

With respect, your statement is rather idiotic if you think about it. First, because when keeping the money in the bank your are actually "investing" it also, only with certainty that it is slowly but surely being devalued day after day after day. And secondly, because you could lose all the money in your bank "overnight" also. In fact this scenario is actually more likely that this happening to Bitcoin (for many reasons). Bitcoin is your defense against these known risks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 26, 2020, 05:03:17 PM
Quote from: Humble Narcissist on December 26, 2020, 05:10:20 AM
Bitcoin is a Ponzi scheme but Pozi schemes can make you money if you get out in time.

I have explained many times why this statement is nonsense. Please read my earlier comments on this topic, when I addressed the same comments made repeatedly by Mr Anabolic.

You are looking at it entirely the wrong way around. Fiat currency is the Ponzi scheme. Bitcoin is our defense against that.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 26, 2020, 05:07:24 PM
Quote from: Mr Anabolic on November 12, 2017, 04:53:20 AM

Notice how the bitcoin cheerleaders stopped posting after the price dumped.  Wait until the price falls back to $1000, you'll never see them post in this thread again, just as I predicted a few messages back. 
   

Lol @ Mr Anabolic with his various "predictions". Hilarious to look back in his nonsense...  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 27, 2020, 01:37:04 AM
Quote from: Mr Anabolic on November 19, 2017, 11:22:58 AM
Banksters will be able to naked short bitcoins and drive the price down like they do with precious metals.

Gonna be interesting when it collapses $1000's in a few minutes and you didn't even take profits on one.  You'll disappear... never to post in this thread again.

Lol @ Mr A. Truly hilarious to read some of his old posts...  :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 27, 2020, 01:40:48 AM
One more...

Quote from: Mr Anabolic on January 14, 2018, 07:59:50 AM

Many pages ago I said blipcoins were played out.  Blips will go up and down, but it is range bound and will not make new highs. 

Maybe your 20 blipcoins only existed in your mind.  Your claims (and everything you posted here) are bullshit and mean absolutely nothing. 

You are a disingenuous POS.  Anyone with an IQ above 90 who wants to spend a few hours re-reading this thread will realize this. 

Hilarious! Poor old Mr A being owned by the GetBig archives...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on December 27, 2020, 03:20:47 AM
Quote from: gib on December 26, 2020, 04:58:58 PM
...Says the same person who would quite possibly keep the same amount of cash in the bank. ... :)

With respect, your statement is rather idiotic if you think about it. First, because when keeping the money in the bank your are actually "investing" it also, only with certainty that it is slowly but surely being devalued day after day after day. And secondly, because you could lose all the money in your bank "overnight" also. In fact this scenario is actually more likely that this happening to Bitcoin (for many reasons). Bitcoin is your defense against these known risks.
When did I say to leave over $100k in the bank?  The bank is insured whereas Bitcoin is not so it would be smarter if you had to choose between the two.  One day you guys may wake up with all your Bitcoin gone like dust in the wind.  Who are you going to for help to get your imaginary money back?

I have said I have a little Bitcoin in online casino accounts because it is easier to cash out but I would never have 100k of it.  That 100k would be much safer anywhere and KEEPING your money is more important than anything else.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 27, 2020, 03:23:32 AM
$ 28,275.40
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 27, 2020, 03:46:11 AM
Quote from: Humble Narcissist on December 27, 2020, 03:20:47 AM
When did I say to leave over $100k in the bank?  The bank is insured whereas Bitcoin is not so it would be smarter if you had to choose between the two.  One day you guys may wake up with all your Bitcoin gone like dust in the wind.  Who are you going to for help to get your imaginary money back?

I have said I have a little Bitcoin in online casino accounts because it is easier to cash out but I would never have 100k of it.  That 100k would be much safer anywhere and KEEPING your money is more important than anything else.

The bank is insured??? Who do you think is "insuring the bank"? its the same people who are stealing from you each and every day in the ponzi scam called the USD. Bank goes bust? Yes, easy - print some more money to bail them out. We have seen this happen in various forms, time and time again.

Bitcoin is your insurance against the people who insure the bank!

I'm glad you have some BTC, but please please keep it offline, in cold storage. Grab what you can now, and hodl. If you can acquire a single coin now, do so. Doing so, could really set you up for life in decade from now.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on December 27, 2020, 03:51:14 AM
Quote from: gib on December 27, 2020, 03:46:11 AM
The bank is insured??? Who do you think is "insuring the bank"? its the same people who are stealing from you each and every day in the ponzi scam called the USD. Bank goes bust? Yes, easy - print some more money to bail them out. We have seen this happen in various forms, time and time again.

Bitcoin is your insurance against the people who insure the bank!

I'm glad you have some BTC, but please please keep it offline, in cold storage. Grab what you can now, and hodl. If you can acquire a single coin now, do so. Doing so, could really set you up for life in decade from now.
If the currency goes tits up and our money is stolen from the bank we are all fucked, regardless of how much crypto we own.  Again, Bitcoin can disappear over night and there isn't a damn thing you or anyone else can do about it.  Do we even know who created it for sure or where he resides?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 27, 2020, 03:58:20 AM
Quote from: Humble Narcissist on December 27, 2020, 03:51:14 AM
If the currency goes tits up and our money is stolen from the bank we are all fucked, regardless of how much crypto we own.  Again, Bitcoin can disappear over night and there isn't a damn thing you or anyone else can do about it.  Do we even know who created it for sure or where he resides?

With respect HN, I have explained this before. BTC is immutable. It is a mathematical algorithm. BTC cannot "disappear". Money issues by a Government, or held in a bank on the other hand, can very well disappear. There is no blockchain for such money, can can be infinitely printed, and can be instantly dishonored by the party that issued it.

BTC is our defense against currency weakness. BTC has taken the role that gold played in the past, only is superior in many ways. BTC is your "bank account in the internet" for every single person in the world. No middle man. No Government. No counterparty risk. In every country where we have seen currencies or regimes collapse, we have seen demand for BTC soar. The reason being that the value of BTC transcends local risks, and can be used and is accepted globally.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 27, 2020, 04:00:24 AM
Quote from: gib on November 22, 2020, 06:00:23 PM
Mr A, it warms my heart that after calling Bitcoin a bubble/ponzi scheme and advising people NOT TO BUY back in November 13, 2013, 05:1:42 PM when BTC was $381 per coin (and continuously like a broken record since then), that you are now expressing the view that Bitcoin will go higher and that we are not at the peak yet. What a turn around! We are making some good progress with you.

You have in the past been both small-minded, arrogant, closed-minded, conceited, stubborn, bigoted, pig-headed and obstinate in your refusal to accept reality, and until recently you simply continued over and over with attempts to produce "false objections" with regard to the validity of Bitcoin.

You have exemplified with your "self-bargaining" how much idiocy and misunderstanding exists which puts people off buying BTC, which over time will be demystified due to larger institutions legitimizing BTC. And this fear (and ignorance by the masses) is indeed one reason why we can have so much confidence that there is so much huge upside potential ahead. Some of your nonsense on your self bargaining has included:

-People can hack an exchange so its not safe.
-BTC is only used by bad people.
-The Government will shut it down.
-Its not "real" as to opposed to gold which is.
-Its not easy to buy it.
-It only has a short period of history.
-There is no limit on supply and can be infinitely produced.
-A FedCoin will lead to reduced demand for BTC.
-Transaction speed is too slow for mass adoption.
-The price is too volatile.
-Its not typically used to purchase things.
-It will be taxed.
-Its not anonymous.

And my absolute favorite:

-BTC disappears "when the electricity is turned off".

and on and on the nonsense goes.

A respectful and more dignified approach for an older person such as yourself, would have been to have a more open and enquiring mind, and to ask about these topics and then have someone explain them to you. What you instead did was to make these potential objections as statements of fact, which then resulted you looking stupid when they were debunked. That in turn provoked you to take an aggressive and hostile stance (name-calling, making deceitful misquotes of others, etc), which actually did nothing to address the substance of the objections you raised.

You do have the opportunity to change your stance. Ultimately that is part of the purpose of the discussion here. For us to help each other.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 27, 2020, 04:22:11 AM
The irony of the whole Mr A debacle, is that he came so close to getting it. He understands what is happening in the world, but he failed to accept that gold was being usurped by something far superior to what gold was traditionally used for.

So close, yet so far. It is the failure to adapt that has been the downfall of most companies, and this same concept also applies to the preservation of wealth. Old age is essentially the failure of the body to stay young. And in the end, its this failure that eventually results in our death.

The good news for the metaphorical "Mr A", (a person who is well-meaning and well-intentioned, not dumb by any means but also no "rocket-scientist") is it is still early days in the rise of a new global store of value. One that may possibly last for many decades or even centuries ahead. A Bitcoin or at least part of a Bitcoin, is in reach for all of us here, if we want some. Forget about where prices where, or how much we "missed out on" by failing to invest earlier. Very few people invest in successful companies, right from the outset. Apple, Google, Amazon, or Microsoft for example. But at a certain point, when we see their legitimate growth, we can, and should invest to benefit from the growth ahead.

I am now off the the gym for a powerlifting type workout (only with reps in the 8-10 range). Then morning coffee and a beach walk. Will be online in the evening.

Oh, and we have passed $24,000.

It costs you just USD 24 cents to acquire 1000 Satoshies. Still super cheap!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: manuelsonn on December 27, 2020, 01:00:17 PM
still a ponzi
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: stingray on December 27, 2020, 01:56:00 PM
Im with gib on this issue, i wish i kept all my bitcoins years ago, could of been a multi, i didnt realise the boom btc was going to have
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on December 27, 2020, 03:03:59 PM
Quote from: manuelsonn on December 27, 2020, 01:00:17 PM
still a ponzi
They will learn.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 27, 2020, 11:57:34 PM
Quote from: manuelsonn on December 27, 2020, 01:00:17 PM
still a ponzi

You are confusing concepts. BTC does not pay any kind of yield or profit. Unlike for example the fund that Bernie Madoff ran, where existing "investors" (aka suckers) were paid profits from the funds of others (even bigger suckers), and the only person actually making money being the scammer himself who operated the fund.

BTC is as much of a "scam" as gold is, in that it produces no earnings yield, is limited in supply, (BTC indeed is perfectly and mathematically  limited whereas gold is not), and is controlled by no-one (ie its value and control is decentralized, and is entirely dependent on the collective sum of what others are prepared to pay for it). And both gold and BTC are far less scams that fiat currency (which ironically is really the ultimate Ponzi scheme, in part because in the past so few people actually realized this).

I have explained this earlier (many times). Please read prior posts. I hope you can give some thought to this so that you understand it.

At a very simplistic level, BTC is limited in supply. BTC is fast becoming the global baseline store of value in the new world (where everything is digital). Cash printed by Governments is infinite in supply. Cash is a sovereign currency, designed for short term use as a method of value exchange, pegged and valued as a function of the total amount of supply of cash in circulation as compared to Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 28, 2020, 12:04:03 AM
Ethereum is rallying nicely today while Bitcoin is dropping. Many feel Ethereum is very undervalued at the moment and that it will eventually settle at a ratio of 10:1 with Bitcoin. Will Bitcoin ever see $1 million and Ethereum $100,000? Who knows. Or perhaps it will go to zero as gold bug Peter Schiff predicted? It would seem as of today you should do the complete opposite of what Peter Schiff says. When he says sell Bitcoin you buy it. When he eventually decides to buy Bitcoin you sell! lmao!

https://blockspectator.com/analysis-ethereum-potential-100000-price-peak/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 28, 2020, 12:49:50 AM
Quote from: obsidian on December 28, 2020, 12:04:03 AM
Ethereum is rallying nicely today while Bitcoin is dropping. Many feel Ethereum is very undervalued at the moment and that it will eventually settle at a ratio of 10:1 with Bitcoin. Will Bitcoin ever see $1 million and Ethereum $100,000? Who knows. Or perhaps it will go to zero as gold bug Peter Schiff predicted? It would seem as of today you should do the complete opposite of what Peter Schiff says. When he says sell Bitcoin you buy it. When he eventually decides to buy Bitcoin you sell! lmao!

https://blockspectator.com/analysis-ethereum-potential-100000-price-peak/

Peter Schiff is one of the last hold-outs. Like the proverbial Mr A, he knows deep down he is wrong, but he also if fearful of acknowledging it.

We have seen many hard core anti Bitcoin leaders in investment finance change their views, and I respect anyone who can admit they were wrong. For example Ray Dalio, Jamie Dimon, George Soros, Jim Rogers have all come around to now supporting BTC as an important and legitimate store of wealth. All very influential names. It will be very interesting to see if / when Buffett changes his stance, although he is already indirectly invested in any case via some of the companies in his portfolio.

The lesson here for all of us is its OK to be wrong. However what is not OK, is to know we were wrong, but then to fail to admit it. Such stubborn pride, and outright obstinate pig-headedness, has been the downfall of many.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 28, 2020, 01:22:09 AM
Quote from: gib on December 28, 2020, 12:49:50 AM
Peter Schiff is one of the last hold-outs. Like the proverbial Mr A, he knows deep down he is wrong, but he also if fearful of acknowledging it.

We have seen many hard core anti Bitcoin leaders in investment finance change their views, and I respect anyone who can admit they were wrong. For example Ray Dalio, Jamie Dimon, George Soros, Jim Rogers. All very influential names. It will be very interesting to see if / when Buffett changes his stance, although he is already indirectly invested in any case via some of the companies in his portfolio.

The lesson here for all of us is its OK to be wrong. However what is not OK, is to know we were wrong, but then to fail to admit it. Such stubborn pride, and outright obstinate pig-headedness, has been the downfall of many.

 :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 28, 2020, 01:35:21 AM
Quote from: gib on December 28, 2020, 12:49:50 AM
Peter Schiff is one of the last hold-outs. Like the proverbial Mr A, he knows deep down he is wrong, but he also if fearful of acknowledging it.

We have seen many hard core anti Bitcoin leaders in investment finance change their views, and I respect anyone who can admit they were wrong. For example Ray Dalio, Jamie Dimon, George Soros, Jim Rogers. All very influential names. It will be very interesting to see if / when Buffett changes his stance, although he is already indirectly invested in any case via some of the companies in his portfolio.

The lesson here for all of us is its OK to be wrong. However what is not OK, is to know we were wrong, but then to fail to admit it. Such stubborn pride, and outright obstinate pig-headedness, has been the downfall of many.
Someone gifted Schiff Bitcoin and a few other cryptos. Buffet was also gifted cryptos by Tron's Justin Sun after he paid millions of dollars to have a lunch with him. So Schiff and Buffet probably have more cryptos in their portfolio than anyone on Getbig. Schiff's clients would be pissed off if it turns out he has secretly been buying Bitcoin while bad mouthing it. Apparently his son did buy into Bitcoin.

https://finance.yahoo.com/news/cryptocurrency-tron-ceo-warren-buffett-glide-charity-lunch-212442425.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 28, 2020, 03:59:42 AM
Quote from: Humble Narcissist on December 27, 2020, 03:03:59 PM
They will learn.

That is a good point to make. We did learn.

Interest rates are at 0%. Consumer inflation is sub 2%. The Federal Reserve (and indeed central banks across the globe) increased the M1 40% in one year.......

Gold is up 23% since the pandemic.
The Dow Jones up 62% since the pandemic.
BTC 300%+ since the pandemic.

Yet people are acting like BTC is the devil?   

The debt system is maxed out. That's why you are seeing 40% in M1 which is generally 5% or so but there is little to no consumer inflation because QE is being belted into the stockmarket and other financial markets. 

The Dow Jones growing like a weed despite huge levels of unemployment......  but it's BTC is the devil.....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 28, 2020, 04:02:21 AM
Quote from: manuelsonn on December 27, 2020, 01:00:17 PM
still a ponzi

The current monetary system is a ponzi system because it is based on debt.

It requires new players to increase their leverage in order to purchase property from people with lower leverage. New players are provided longer mortgage lengths and/or lower interest rates in order for them to increase the amount they can borrow.

Whether you like it or not, that's how our world works and it's why the M1 increased 40% this year because the debt is unwinding because there is no business to be done right now and they are trying to plug the gap.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 28, 2020, 04:19:21 AM
Quote from: Mayday on December 28, 2020, 04:02:21 AM
The current monetary system is a ponzi system because it is based on debt.

It requires new players to increase their leverage in order to purchase property from people with lower leverage. New players are provided longer mortgage lengths and/or lower interest rates in order for them to increase the amount they can borrow.

Whether you like it or not, that's how our world works and it's why the M1 increased 40% this year because the debt is unwinding because there is no business to be done right now and they are trying to plug the gap.

Fully agree. Why more people don't see this or understand this amazes me.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: keanu on December 28, 2020, 04:41:14 AM
Quote from: Mayday on December 28, 2020, 03:59:42 AM
That is a good point to make. We did learn.

Interest rates are at 0%. Consumer inflation is sub 2%. The Federal Reserve (and indeed central banks across the globe) increased the M1 40% in one year.......

Gold is up 23% since the pandemic.
The Dow Jones up 62% since the pandemic.
BTC 300%+ since the pandemic.

Yet people are acting like BTC is the devil?   

The debt system is maxed out. That's why you are seeing 40% in M1 which is generally 5% or so but there is little to no consumer inflation because QE is being belted into the stockmarket and other financial markets. 

The Dow Jones growing like a weed despite huge levels of unemployment......  but it's BTC is the devil.....

Covid 19 sure accelerated everything into a big spiral. The whole world is sinking to a big debt at the same time at different rates. Sure the stock market is booming. Under these conditions the money has to go somewhere. I have some of everything. 7 figures in stocks, real estate, and some BTC. Not much but some. The lack of regulation I am not a fan of. Blockchain technology is being mass adopted, and Wall street has jumped on BTC so the demand is there. It is the reserve crypto currency. For people that say BTC doesn't make sense, neither did drilling and polluting the hell out of workers and the environment for metals we assigned to be stores of value. The one thing I don't like about BTC and precious metals is the tendancy for both to go down when the markets go down and vice versa.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on December 28, 2020, 08:57:41 AM
Quote from: gib on December 28, 2020, 04:19:21 AM
Fully agree. Why more people don't see this or understand this amazes me.
It's not even close to the same thing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on December 28, 2020, 09:29:32 AM
eth?

hex?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on December 28, 2020, 09:45:58 AM
There are a few key people holding onto a lot of bitcoin, the US gov is one, specifically the FBI who have seized a bunch.  Those jew twins and a few others.  They are eventually going to dump and run.  Once they do, bitcoin is going to crash quick and bad.

With that said.  Good for those who made some money on this.  It has been totally crazy.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 28, 2020, 09:52:13 AM
Quote from: Humble Narcissist on December 28, 2020, 08:57:41 AM
It's not even close to the same thing.

They somehow fail to mention that a currency is backed by an entire national economy and all the factors of production, trade and commerce behind it. The value of a currency is not based on 'thin air' and is hardly 'monopoly money' as there is something tangible behind it giving it value.

A failed currency is usually reflective of a failed state, while a country with a relatively stable currency is reflective of good economic policies and other factors conducive to economic growth. The value is not based on 'nothing'.

And when comparing bitcoin to gold and precious metals, they also don't seem to mention that precious metals such as gold, platinum and palladium are used in electronics, computers and machinery, with often no substitutes available. Their value is not only based on physical rarity but also the large amounts of capital and investment required to literally mine them out of the ground, process and distribute.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 28, 2020, 11:00:37 AM
Quote from: El Diablo Blanco on December 28, 2020, 09:45:58 AM
There are a few key people holding onto a lot of bitcoin, the US gov is one, specifically the FBI who have seized a bunch.  Those jew twins and a few others.  They are eventually going to dump and run.  Once they do, bitcoin is going to crash quick and bad.

With that said.  Good for those who made some money on this.  It has been totally crazy.
The twins are not Jewish. They don't look it either.

"Cameron and Tyler were born in Southampton, N.Y. on Aug. 21, 1981 to Howard and Carol Winklevoss, both devout Christians. They were raised in Greenwich, Conn., a suburb of New York City and one of America’s most affluent towns. Despite this upbringing, the twins insist they come from humble roots."

https://www.workandmoney.com/s/winklevoss-twins-bio-bc28c09ffb074639
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on December 28, 2020, 11:02:08 AM
Quote from: obsidian on December 28, 2020, 11:00:37 AM
The twins are not Jewish. They don't look it either.

"Cameron and Tyler were born in Southampton, N.Y. on Aug. 21, 1981 to Howard and Carol Winklevoss, both devout Christians. They were raised in Greenwich, Conn., a suburb of New York City and one of America’s most affluent towns. Despite this upbringing, the twins insist they come from humble roots."

https://www.workandmoney.com/s/winklevoss-twins-bio-bc28c09ffb074639

Doesn't change the fact that they own a shitload of bitcoin
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 28, 2020, 12:59:33 PM
Quote from: El Diablo Blanco on December 28, 2020, 09:45:58 AM
There are a few key people holding onto a lot of bitcoin, the US gov is one, specifically the FBI who have seized a bunch.  Those jew twins and a few others.  They are eventually going to dump and run.  Once they do, bitcoin is going to crash quick and bad.

With that said.  Good for those who made some money on this.  It has been totally crazy.

Large holders are required to sell to achieve greater market penetration.

Eg If you start off with 10 people owning all 21 million BTC, they need to sell off coins in order to achieve 100 holders.

Those large holders are looking at the long term so One would probably see then dumping along the way.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 28, 2020, 01:21:35 PM
Quote from: Griffith on December 28, 2020, 09:52:13 AM
They somehow fail to mention that a currency is backed by an entire national economy and all the factors of production, trade and commerce behind it. The value of a currency is not based on 'thin air' and is hardly 'monopoly money' as there is something tangible behind it giving it value.

A failed currency is usually reflective of a failed state, while a country with a relatively stable currency is reflective of good economic policies and other factors conducive to economic growth. The value is not based on 'nothing'.

And when comparing bitcoin to gold and precious metals, they also don't seem to mention that precious metals such as gold, platinum and palladium are used in electronics, computers and machinery, with often no substitutes available. Their value is not only based on physical rarity but also the large amounts of capital and investment required to literally mine out of the ground, process and distribute.

The belief system has been discussed previously but with a 160 page thread no one is going to see everything.

Today’s scenario is everything the gold bugs have waited for.....and it’s managed a paltry 26% return since the pandemic. It is being outperformed by the share market.

Yet it’s BTC that bothers you?

Ok Peter Schiff, move BtC aside for a moment and give your thoughts on the performance of gold during what is the ultimate gold bug scenario. Is the gold price performing brilliantly for you?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 29, 2020, 02:55:16 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on December 29, 2020, 09:22:33 AM
Quote from: Mayday on December 28, 2020, 01:21:35 PM
The belief system has been discussed previously but with a 160 page thread no one is going to see everything.

Today’s scenario is everything the gold bugs have waited for.....and it’s managed a paltry 26% return since the pandemic. It is being outperformed by the share market.

Yet it’s BTC that bothers you?

Ok Peter Schiff, move BtC aside for a moment and give your thoughts on the performance of gold during what is the ultimate gold bug scenario. Is the gold price performing brilliantly for you?
Gold is a physical asset.  It will go up and down through the years but will always be worth something, just wait a few more years when it is down and you know it will come back up.  BTC could easily go to nothing overnight. 

Just a question, how many people have actually cashed out BTC and gotten rich?  If I tried to cash out 1 million of BTC today could I do it and get cash money for it?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on December 29, 2020, 10:29:36 AM
Bitcoin Touches $500 Billion Market Cap, Beats Visa, Walmart and Samsung

The price of Bitcoin breached $28,000 yesterday as the cryptocurrency became more valuable than the payment services giant Visa.


Bitcoin, the world’s largest cryptocurrency is having a dream run in December. The price of BTC jumped above $28,000 on Sunday as the total market cap crossed $500 billion. The most valuable cryptocurrency is now worth more than the world’s largest payment services company Visa and the world’s top retailer Walmart.

The price of Bitcoin is currently trading above $27,000 with a total market cap of $501 billion. The total market cap of Visa currently stands at around $488 billion. BTC’s total value is now more than the world’s most prominent retailer, Walmart which has a total market cap of around $400 billion.

Earlier this month, Bitcoin crossed the total market cap of another financial services giant, Mastercard. The recent price rally is helping BTC to reach significant milestones. Bitcoin price must be targeting Warren Buffet’s Berkshire Hathaway, which has a market cap of nearly $530 billion.

According to the latest data available on Yahoo Finance, the total value of electronics giant, Samsung stands at around $451 billion, which means that BTC is now more valuable than Samsung in terms of market cap. 

https://www.financemagnates.com/cryptocurrency/news/bitcoin-touches-500-billion-market-cap-beats-visa-walmart-and-samsung/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 29, 2020, 11:48:16 AM
Quote from: Humble Narcissist on December 29, 2020, 09:22:33 AM
Gold is a physical asset.  It will go up and down through the years but will always be worth something, just wait a few more years when it is down and you know it will come back up.  BTC could easily go to nothing overnight. 

Just a question, how many people have actually cashed out BTC and gotten rich?  If I tried to cash out 1 million of BTC today could I do it and get cash money for it?

Gold isn’t supposed to go up and down in this environment according to major gold commentators. Gold is supposed to surge and be the highest performing asset class due to the high level of QE. I am now seeing articles where gold believers are moving away from gold and claiming silver is now the perfect metal which is really the leading hedge to the monetary system. There seems to be confusion among the top gold hedge funds as to why it’s performing so poorly, even they admit it.

I’m still unsure where this BtC can go to zero immediately comes from? I have only heard such a comment on here, can you elaborate as to what you mean by that?

1 million BtC is 5%. If 5% of gold etf were sold it would trigger margin calls and result in a huge drop of prices. So given gold couldn’t handle it and it has trillions behind it, BtC couldn’t handle it either.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 29, 2020, 08:08:18 PM
Quote from: Humble Narcissist on December 29, 2020, 09:22:33 AM
Gold is a physical asset.  It will go up and down through the years but will always be worth something, just wait a few more years when it is down and you know it will come back up.  BTC could easily go to nothing overnight. 

Just a question, how many people have actually cashed out BTC and gotten rich?  If I tried to cash out 1 million of BTC today could I do it and get cash money for it?

I find it a kind of warped mindset when people talk about "cashing out of BTC". To me it shows that they don't quite yet "get it".

It reminds be about one of my banker friends who was a former CEO of one of Australia's largest banks. He once told me, among his many tales as a young banker starting out, how he was charged with setting up the first branch of the bank in a country near Australia called "Papua New Guinea".

He told me that in the early days, the local housewives (very privative local basically savage tribes), would all come on a Friday to "take their money out" (to make sure it was really still there) and then redeposit it back on the Monday when the bank opened again after the weekend. :)

Its a very primitive way of thinking, but understandable at the same time. Monkeys and dogs also have similar concerns and hesitations when learning new concepts. Caution has been a desirable human trait in terms of our survival. But an even more important trait that has been key to human success and evolution, both as a group and as individuals, has been open-mindedness and curiosity (as opposed to obstinate pig-headedness of the kind demonstrated by Mr Anabolic throughout this thread, which is more akin to a goat repeatedly bashing its head against a tree).

Put in very simplistic, terms it is far far easier to "cash out" of BTC, that it is for gold. Or to use it to purchase it for anything. Or to transfer it to anywhere in the world. Or to instantly break in down into any denomination. But either why, you really need to be twisting your logic on its head and start looking at how to "cash out" of cash, which you know with certainty and can see before your very eyes, is devaluing due to money printing. It defies logic to hold cash of any significant amount in these circumstances. And to believe doing so is "safe" boarders on being dilutional and irrational lunacy if you think about it.

The more important question to ask is what is the safest thing to do with wealth currently denominated in cash. In my view the answer (at a high level) is a mix of stocks (or businesses that you own and operate outright), property, gold, and Bitcoin.

What people are doing is "cashing out" of fake money. And cashing into a hard asset. Which is BTC. (As for what proportions allocation, and the pros and cons of each class, that is a more personal question. But you can be very sure that as BTC is a new asset class, its % overall in portfolios will be increasing over time, compared to the others).

But yes, in summary you could use BTC to buy fiat currency at an instant. Over 1 Billion USD value of BTC trade daily, and that volume is only increasing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on December 30, 2020, 12:28:43 AM
'' you aren't investing when you buy cryptocurrency. you're speculating. if you wanna gamble, somebody else will come along and pay more money tomorrow. that's one kind of game. but that is not investing. if you buy bitcoin, you don't really have anything that has produced anything. you're just hoping the next guy pays more.

cryptocurrencies basically have no value. they don't produce anything. you can't do anything with it except sell it to somebody else, but then that person's got the problem. i don't own any cryptocurrency, i never will. ''

warren buffett
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 30, 2020, 12:40:58 AM
Quote from: DooM_ on December 30, 2020, 12:28:43 AM
'' you aren't investing when you buy cryptocurrency. you're speculating. if you wanna gamble, somebody else will come along and pay more money tomorrow. that's one kind of game. but that is not investing. if you buy bitcoin, you don't really have anything that has produced anything. you're just hoping the next guy pays more. ''

warren buffett

He's correct. The same concept applies to gold by the way, which lasted as a store of wealth for many centuries...

So, the question you need to ask yourself right now. Over the next few years, are going to pay more (or less) fiat currency for a share of the limited supply of BTC that currently exists right now. The answer, a(nd its resulting effect on price) should be pretty obvious...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on December 30, 2020, 12:47:27 AM
Quote from: gib on December 30, 2020, 12:40:58 AM
He's correct. The same concept applies to gold by the way, which lasted as a store of wealth for many centuries...

So, the question you need to ask yourself right now. Over the next few years, are going to pay more (or less) fiat currency for a share of the limited supply of BTC that currently exists right now. The answer, a(nd its resulting effect on price) should be pretty obvious...

he also says  '' cryptocurrencies basically have no value '' . . .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on December 30, 2020, 04:59:04 AM
Quote from: gib on December 29, 2020, 08:08:18 PM
I find it a kind of warped mindset when people talk about "cashing out of BTC". To me it shows that they don't quite yet "get it".

It reminds be about one of my banker friends who was a former CEO of one of Australia's largest banks. He once told me, among his many tales as a young banker starting out, how he was charged with setting up the first branch of the bank in a country near Australia called "Papua New Guinea".

He told me that in the early days, the local housewives (very privative local basically savage tribes), would all come on a Friday to "take their money out" (to make sure it was really still there) and then redeposit it back on the Monday when the bank opened again after the weekend. :)

Its a very primitive way of thinking, but understandable at the same time. Monkeys and dogs also have similar concerns and hesitations when learning new concepts. Caution has been a desirable human trait in terms of our survival. But an even more important trait that has been key to human success and evolution, both as a group and as individuals, has been open-mindedness and curiosity (as opposed to obstinate pig-headedness of the kind demonstrated by Mr Anabolic throughout this thread, which is more akin to a goat repeatedly bashing its head against a tree).

Put in very simplistic, terms it is far far easier to "cash out" of BTC, that it is for gold. Or to use it to purchase it for anything. Or to transfer it to anywhere in the world. Or to instantly break in down into any denomination. But either why, you really need to be twisting your logic on its head and start looking at how to "cash out" of cash, which you know with certainty and can see before your very eyes, is devaluing due to money printing. It defies logic to hold cash of any significant amount in these circumstances. And to believe doing so is "safe" boarders on being dilutional and irrational lunacy if you think about it.

The more important question to ask is what is the safest thing to do with wealth currently denominated in cash. In my view the answer (at a high level) is a mix of stocks (or businesses that you own and operate outright), property, gold, and Bitcoin.

What people are doing is "cashing out" of fake money. And cashing into a hard asset. Which is BTC. (As for what proportions allocation, and the pros and cons of each class, that is a more personal question. But you can be very sure that as BTC is a new asset class, its % overall in portfolios will be increasing over time, compared to the others).

But yes, in summary you could use BTC to buy fiat currency at an instant. Over 1 Billion USD value of BTC trade daily, and that volume is only increasing.
If you can cash out for fiat money I would do so.

People have been calling for the collapse of fiat money for a long time.  I have a Soldier Of Fortune magazine from the 1970's telling people that money isn't worth anything since it's not backed by gold and to move off the grid.  Fiat money isn't going anywhere.  Bitcoin, gold, stocks, bonds, real estate, commodities, etc, are all value based on fiat money.  If money is worth nothing than neither will anything else except for food, guns, ammo and shelter.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on December 30, 2020, 05:03:43 AM
Quote from: Humble Narcissist on December 30, 2020, 04:59:04 AM
If you can cash out for fiat money I would do so.

but if he cashes out it will be '' fake money '' . . .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on December 30, 2020, 05:06:15 AM
Quote from: DooM_ on December 30, 2020, 05:03:43 AM
but if he cashes out it will be '' fake money '' . . .
I know, the "fake money" everyone uses when they go grocery shopping, buy gas for the car, pay the rent or mortgage, buy booze, hookers, etc.  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on December 30, 2020, 06:30:57 AM
Quote from: DooM_ on December 30, 2020, 12:47:27 AM
he also says  '' cryptocurrencies basically have no value '' . . .

Then his glasses are really going to fog over when Bitcoin passes Berkshire Hathaway's market value in the next few days.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 30, 2020, 06:34:24 AM
Quote from: DooM_ on December 30, 2020, 12:47:27 AM
he also says  '' cryptocurrencies basically have no value '' . . .

He does not say that they have no value. Indeed, he knows full well that value of any asset is the function of what the market is collectively prepared to pay for it

However, what he does say, is that BTC has no intrinsic value. And on this he is correct. BTC produces no yield. Its value is entirely dependent on what others are prepared to pay for it. Same with gold. Same with art. And increasingly also same with "trophy properties" whose valued these days are almost devoid of any actual earnings yield.

Buffet will only buy assets he can value. And as Buffet disciple, this is my approach also. Which is why it took me so long to get my head around investing in BTC based on on a speculative societal trend (vs an economically calculatable asset of value based on cashflow) discounted to the rate of risk free return.

I addressed this topic long ago in this thread. Please see below:

Quote from: gib on January 30, 2018, 07:26:19 PM
In terms of value, there are some commodities that have a value that truly reflect their use in terms of both production cost and end-user consumption (eg iron, copper, coffee, pork bellies etc). Even with these there is some amount of speculative value, but that relates more to predictions of how demand and production costs will be affected by various factors.

With gold (and BTC by the way), there is both a production cost and there is a utility for both too (gold is used in some electronic devices for example, and BTC is used for transactions) - but in both cases their value far far exceeds their true value based on actual use. Both gold and BTC's values are by a very large factor based on a collective agreement among a group of people to attribute a value to them as a store of value, based primarily on scarcity, among other factors. And that value, is entirely subjective and detached from actual use value - so BTC (and gold for that matter) are basically impossible to value.

They best metric I would use as an investor of in them would be to try to predict the direction of the relevant portion of potential buyers perceptions and demand for them.  I believe that there is a possibility that the infrastructure and philosophy around the new (usually young generation of crypto buyers) may eventually come around full circle and generate a new generation of people also interested in gold (and perhaps most importantly this new generation is fully plugged in to social media, which can help to very quickly create demand in an exponential way, for a new asset class..


I am happy to explain further if needed, but I hope this makes sense.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 30, 2020, 06:48:59 AM
Quote from: Humble Narcissist on December 30, 2020, 04:59:04 AM
Bitcoin, gold, stocks, bonds, real estate, commodities, etc, are all value based on fiat money. 

You have it all topsy turvy. (Except for stocks) these assets have not fundamentally changed in any way to justify them all magically increasing in value over time. What has happened is that the fiat money that you value them against has devalued.  On a massive and systemic level. The rich get this. They use cash to by such assets. The poor really don't seem to get it. They "save cash" and wonder why despite doing so they never seem to make any progress. Cash is one of the most risky assets you can be in right now when compared to its alternatives.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 30, 2020, 01:42:24 PM
I’m in on Eth @700 for 50k. Will be a short term hold for a sell and switch to BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 30, 2020, 04:26:20 PM
$ 29,175.27
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 30, 2020, 05:56:54 PM
Quote from: gib on December 29, 2020, 08:08:18 PM

Its a very primitive way of thinking, but understandable at the same time. Monkeys and dogs also have similar concerns and hesitations when learning new concepts. Caution has been a desirable human trait in terms of our survival. But an even more important trait that has been key to human success and evolution, both as a group and as individuals, has been open-mindedness and curiosity (as opposed to obstinate pig-headedness of the kind demonstrated by Mr Anabolic throughout this thread, which is more akin to a goat repeatedly bashing its head against a tree).


Oh, and $25000...
*1000 Satoshies cost you just  USD $0.25. (Still very cheap!)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 30, 2020, 07:18:54 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 30, 2020, 10:21:50 PM
Humble Narcissist - This is a nice presentation from the "Rich Dad Poor Dad" guy, which you may find of interest. It covers the issues you are grappling with. 

Mr Anabolic, you too should take a listen. He also discusses your favorites, gold and silver.

Gents take a listen and then let me know if you have any comments or questions.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on December 31, 2020, 08:09:22 AM
Miami Mayor explores idea to put 1% treasury reserves into Bitcoin

Francis Suarez, Mayor of Miami said that he was “definitely open to exploring” new resident Anthony Pompliano’s suggestion of allocating “1% of the city’s treasury reserves in Bitcoin.”

He also mentioned that Florida’s Chief Financial Officer, Jimmy Patronis was “forward-thinking” about blockchain and crypto technology. Suarez said this in response to the CFO’s tweet that seconded Pompliano’s suggestion. Florida’s CFO, Jimmy Patronis who commended the Mayor’s response further said: 

Even Charlie Shrem of Bitcoin Foundation joined the conversation and hoped for the entire state of Florida to be more bitcoin friendly. He also suggested that the Mayor could host a “Florida and Miami-sponsored crypto event,” which he believed would be a global success.

The Mayor is not entirely new to crypto-Twitter conversations. On 24 December, Suarez revealed that he was “absolutely exploring” a tweet that proposed making Miami the first crypto-centric government in the US. The mayor implied that was open to crypto-based concepts such as blockchain-based voting and tokenization by retweeting:

In another tweet, Suarez said hoped that South Florida would be “on the vanguard of legislation that promotes crypto and makes us forward-leaning on innovation.” He even planned to speak to Caitlin Long, of Wyoming Blockchain Taskforce fame, with regard to this idea.


https://ambcrypto.com/miami-mayor-explores-idea-to-put-1-treasury-reserves-into-bitcoin/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on December 31, 2020, 08:35:33 AM
BTC is worth more than the entire market cap of Berkshire Hathaway.  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 01, 2021, 03:03:48 AM
Quote from: SOMEPARTS on December 31, 2020, 08:35:33 AM
BTC is worth more than the entire market cap of Berkshire Hathaway.  ;D

Poor old Mr Anabolic...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on January 01, 2021, 04:15:44 AM
$ 29,313.03
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 01, 2021, 05:54:57 AM
Gold Bug Peter Schiff's Understanding of Money is Flawed, Says His Pro-Bitcoin Son

 Gold bug Peter Schiff has been publicly confronted by his 18-year-old son, a bitcoin proponent, on the topic of value. Calling his dad’s understanding of money “Flawed,” Spencer Schiff made the statement in defense of TV Personality Max Keiser, who was having an argument with Peter on Twitter.


Gold bug Peter Schiff was confronted by his son, Spencer Schiff, on Monday after he accused TV personality and bitcoin proponent Max Keiser of not understanding the concept of fiat money.

“According to Max Keiser, I oppose bitcoin because I’m a fiat addict. In the bizarro world of bitcoin, gold is the new fiat,” Peter Schiff tweeted. “Clearly, Max Keiser doesn’t understand the concept of fiat, or how it differs from legitimate currency or actual money. That explains his bitcoin fixation.” At the time of this writing, his tweet got 354 comments and was liked 877 times and retweeted 67 times.

Among those who commented was his son, an 18-year-old bitcoin proponent. Spencer Schiff, a college freshman and student of Austrian economics, replied to his father’s tweet:

    Your understanding of money is flawed. You think the key determinant of a money’s soundness is possession of ‘intrinsic value’, a nonsensical concept. What differentiates sound money from fiat money is the former’s emergence on the free market rather than by coercive State edicts.

Many commenters praised Spencer for putting Peter Schiff in his place, with some wondering if he was adopted. Keiser also liked Spencer’s tweet, stating that “The future belongs to bitcoiners. The boomers don’t get it. The millennials and Genz do.” He also urged others to follow Spencer on Twitter.

“By all means follow my son,” Peter Schiff replied. “But not because he has a soft spot for bitcoin. He’s wrong about that. Follow him for all the things he gets right. He’s no monetary scholar yet, but he’s working on it. Losing money on bitcoin will be a costly, but valuable part of his education.”

https://news.bitcoin.com/gold-bug-peter-schiffs-understanding-of-money-is-flawed-pro-bitcoin-son/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 01, 2021, 11:11:18 PM
Former White House official launches a BTC fund, frontrunning what he sees as massive fund inflow in 2021.

He advises to simply BUY, and HODL.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 01, 2021, 11:19:31 PM
Quote from: Mr Anabolic on November 24, 2018, 08:21:15 AM
Reality check...

Everything happening exactly as I predicted....

Stock market beginning it's fall...

Blipcoins dropping fast and will eventually go to ZERO.

Most people are so fucking gullible.  Human nature is so predictable.

Blips will be in the $3000's by next week.

Happy NEW YEAR Mr Anabolic!

Oh, and $26,000

*still super cheap - just USD 26 cents for 1000 Satoshies!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on January 02, 2021, 05:35:57 AM
$ 30,657.98
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 02, 2021, 07:14:58 AM

Nasdaq Listed Greenpro Capital to Set up Bitcoin Fund Using a $100 Million Loan


The Nasdaq listed Greenpro Capital Corporation has revealed plans to set up a bitcoin fund using $100 million in borrowed funds. In addition to the borrowed funds, Greenpro, through its subsidiary Cryptosx, says it plans to use its own cash resources to acquire the digital asset.

The financial services firm which has its headquarters in Hong kong joins the growing list of banks, hedge funds, insurance companies and institutions holding bitcoin. In a statement announcing plans to set up the fund, Greenpro shares its “belief that bitcoin, as the world’s most widely-adopted cryptocurrency, is a reliable future store of value.” The statement also adds:

    We believe the strategic management of our balance sheet, combined with the implementation of our BTC Fund and crypto strategy will produce significant future value for the company.

Furthermore, according to the statement released on December 28, the firm’s CEO CK Lee has already instructed Greenpro’s “investment bankers to raise debt in Q1, 2021 of up to US$100 million to invest in BTC.”

Meanwhile, in addition to BTC, Greenpro Capital says it also believes that “other top cryptocurrencies such as Ethereum will provide the opportunity for better returns and preserve the value of our capital over time rather than holding cash.”

From the beginning of the last quarter of 2020, BTC has been on an extended bull run as large corporations took turns in announcing that they will be holding the digital asset. According to the website that tracks public companies holding the digital asset, there are now 29 such companies.

 https://news.bitcoin.com/nasdaq-listed-greenpro-capital-to-set-up-bitcoin-fund-using-a-100-million-loan/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on January 02, 2021, 09:01:18 AM
$ 32,814.11

holy f this is getting crazy!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on January 02, 2021, 09:13:01 AM
Quote from: FitnessFrenzy on January 02, 2021, 09:01:18 AM
$ 32,814.11

holy f this is getting crazy!

Easy 250k this year.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 02, 2021, 03:18:55 PM
Quote from: FitnessFrenzy on January 02, 2021, 09:01:18 AM
$ 32,814.11

holy f this is getting crazy!

It's getting risky now. Out of Eth @ 772.

BTC to peak maybe 34k-36k then a pullback however i think it's most likely the pullback won't be as deep as previous ones.

Look at the sharemarket behaviour:
GFC - Dow Jones drops 49%
Pandemic (arguably WAY worse than the GFC) - Dow Jones drops 35% and it has already broken it's previous high.
**BTC behaviour in the charts is just when it looks to puke it gets legs and goes on a run. It doesn't feel the same as it did in 2017/2018 (where i sold).

If we use 35% as a guide the pullback from 34k should give a low of 22k.
It we use 49% as a guide the pullback from 34k should give a low of 17.5k
*These are the 2 entry points i am watching in the charts so i'll have an idea of where it's headed.


Alt coins will get smashed. I am only interested in Eth and the support zones are - 350 & 220 hence why i couldn't risk holding ETH any longer.

I am still debating whether i buy the dip on Eth.






Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 02, 2021, 05:26:14 PM
Quote from: robcguns on January 02, 2021, 09:13:01 AM
Easy 250k this year.

For that to happen they require gold to start ramping. For gold to start ramping, they really need to start ramping inflation.

Here is a quick analysis of mine while i have a coffee. I use data tables to investigate outcomes which is what i do very well in my job. This is why i get shit correct and why people who take 2 seconds to draw a line and then conclude an outcome are 99% wrong most of the time.

The below also outlines how quickly the numbers go upwards but you need to remember each year it's the same energy percentage. If you position yourself today, you will be laughing by 2025.


Gold spot 1,889 and market cap is 11.5T   /   BTC spot is 32,200 and market cap is 0.59T

Gold up 28% - underperformed due to deflation and lack of inflationary monetary policy
BTC up 300%

So lets average gold growth at 25% each year from end of 2020 to 2025. This is a piss poor result from Gold and a horrible outcome for all of us!!
2020 - 1,889 / 2,361 / 2,951 / 3,689 / 4,611 / 5,764
Gold market cap 2020 11.5T / 14.4T / 18.0T / 22.5T / 28.1T / 35.1T
**So in a horrible scenario and inline with monetary policy today, we have the price of gold tripling and a gold market cap around 35.1T.

Therefore for 2021 a worst case gold price is $2,361 with a market cap around 14.4T.

BTC is currently 4% of the gold market. If gold plays out like above and you expect a 250k price, that means a BTC 5.25T market cap / 36% of the entire gold market. No way is that going to happen in 1 year.


Ok so lets look at gold again and start mid way through 1976 where gold bottomed at $100 and follow through to 1980. I will use prices that are highs (not outliers) during the years.
1976 - 100
1977 - 160 / 60.48 / 60%
1978 - 235 / 74.52 / 46%
1979 - 560 / 325 / 138%
1980 - 750 / 190 / 35%
Total gain - 650 / 650%

Lets use the 1976-1980 historic movements (arguably a less severe scenario than what we face total) and assume a 60% upwards move in gold in 2021 and go from there:
Year      gold spot   mkt cap    BTC spot   mkt cap
2020 - 1,889   / cap 11.5T       29.7k / cap 0.55T
2021 - 3,022  / cap 18.4T        47.5k / cap 0.88T 
2022 - 4,412  / cap 26.9T        69.3k / cap 1.3T
2023 - 10,502 / cap 63.9T       165k / cap 3.1T
2024 - 14,073 / cap 85.7T       212k / cap 4.1T

Gain - 12,184 / cap 74T           182k  / cap 3.55T
           645%                         


So there you have it using actual historic monetary/gold plays and overlaying with today's scenario meaning you get a very real outcome and not something from Mars. Personally i think gold will blow way past that level and will shock people.

Now that we have a future gold outlook which is realistic. You can then play with the BTC ratio to gold over time.
Start of 2020 BTC market cap was 1.8%
End of 2020 BTC market cap was 4.8%
Variance +3%

So lets assume 2021 adds another 3% to the ratio to wind up at 7.8% ratio to the gold market cap up from 4.8%.
2020 - 29.6k
2021 - 77.2k  / 1.4T market cap  up from 0.56T today.
**this looks more realistic to me for a 2021 outcome**

Now lets assume we continue increasing the ratio by 3% each year from 2021 onwards:
2020 - 29.6k  4.8%
2021 - 77.2k  7.8%
2022 - 156k   10.8%
2023 - 474k    13.8%
2024 - 774k    16.8%   market cap 14.3T

These last tables should really show you that it is incredibly realistic to get the values of both gold and BTC right up there in the coming years.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 02, 2021, 06:13:34 PM
Quote from: Mr Anabolic on November 13, 2013, 05:11:42 PM - (Back when the Bitcoin price $401, or when you could buy 100000 Satoshies for just 41 cents.)

"It's a scam, a fad, a bubble, a trading vehicle.  Might as well buy some penny stocks... at least they trade on a legit exchange.

Would not be surprised if bitcon was created by TPTB to trick as many as possible into accepting an electronic fiat currency... 100% trackable and controllable.  Don't believe all the encryption security nonsense.

Look at a daily bitcoin chart... totally parabolic.  The next crash will be glorious."

Poor old Mr Anabolic.  :) The stubbornly and steadfastly failed to acknowledge the future, much like a goat repeatedly bashing its head against a wall, instead of simply taking a few steps sideways to walk around it. It was all so simply and clearly laid our for him by others. There are many lessons in life, and in business, that we can learn from what happened here on his journey to eventual acceptance that he was wrong, (which will end with him making a public apology here, and with him purchasing some Bitcoin himself.)
 
Oh, and $27,000.

*still super cheap - just USD 27 cents for 1000 Satoshies!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 02, 2021, 06:36:23 PM
Mr Anabolic, Mayday and others. Below is a great video that touches on the various topics and concepts you guys have been debating. Well worth the listen from beginning to end. Super important that we understand what is happening and what lies ahead.

To Mr A specifically. Once you have listened, I challenge you come back here and post any questions, whether about macroeconomic trends, or BTC specifically.

As fellow Getbiggers we are all here to help each other grow (and that means not just physically, but mentally and financially also).

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 02, 2021, 06:53:27 PM
Quote from: Mayday on January 02, 2021, 05:26:14 PM
For that to happen they require gold to start ramping. For gold to start ramping, they really need to start ramping inflation.

Here is a quick analysis of mine while i have a coffee. I use data tables to investigate outcomes which is what i do very well in my job. This is why i get shit correct and why people who take 2 seconds to draw a line and then conclude an outcome are 99% wrong most of the time.

The below also outlines how quickly the numbers go upwards but you need to remember each year it's the same energy percentage. If you position yourself today, you will be laughing by 2025.


Gold spot 1,889 and market cap is 11.5T   /   BTC spot is 32,200 and market cap is 0.59T

Gold up 28% - underperformed due to deflation and lack of inflationary monetary policy
BTC up 300%

So lets average gold growth at 25% each year from end of 2020 to 2025. This is a piss poor result from Gold and a horrible outcome for all of us!!
2020 - 1,889 / 2,361 / 2,951 / 3,689 / 4,611 / 5,764
Gold market cap 2020 11.5T / 14.4T / 18.0T / 22.5T / 28.1T / 35.1T
**So in a horrible scenario and inline with monetary policy today, we have the price of gold tripling and a gold market cap around 35.1T.

Therefore for 2021 a worst case gold price is $2,361 with a market cap around 14.4T.

BTC is currently 4% of the gold market. If gold plays out like above and you expect a 250k price, that means a BTC 5.25T market cap / 36% of the entire gold market. No way is that going to happen in 1 year.


Ok so lets look at gold again and start mid way through 1976 where gold bottomed at $100 and follow through to 1980. I will use prices that are highs (not outliers) during the years.
1976 - 100
1977 - 160 / 60.48 / 60%
1978 - 235 / 74.52 / 46%
1979 - 560 / 325 / 138%
1980 - 750 / 190 / 35%
Total gain - 650 / 650%

Lets use the 1976-1980 historic movements (arguably a less severe scenario than what we face total) and assume a 60% upwards move in gold in 2021 and go from there:
Year      gold spot   mkt cap    BTC spot   mkt cap
2020 - 1,889   / cap 11.5T       29.7k / cap 0.55T
2021 - 3,022  / cap 18.4T        47.5k / cap 0.88T 
2022 - 4,412  / cap 26.9T        69.3k / cap 1.3T
2023 - 10,502 / cap 63.9T       165k / cap 3.1T
2024 - 14,073 / cap 85.7T       212k / cap 4.1T

Gain - 12,184 / cap 74T           182k  / cap 3.55T
           645%                         


So there you have it using actual historic monetary/gold plays and overlaying with today's scenario meaning you get a very real outcome and not something from Mars. Personally i think gold will blow way past that level and will shock people.

Now that we have a future gold outlook which is realistic. You can then play with the BTC ratio to gold over time.
Start of 2020 BTC market cap was 1.8%
End of 2020 BTC market cap was 4.8%
Variance +3%

So lets assume 2021 adds another 3% to the ratio to wind up at 7.8% ratio to the gold market cap up from 4.8%.
2020 - 29.6k
2021 - 77.2k  / 1.4T market cap  up from 0.56T today.
**this looks more realistic to me for a 2021 outcome**

Now lets assume we continue increasing the ratio by 3% each year from 2021 onwards:
2020 - 29.6k  4.8%
2021 - 77.2k  7.8%
2022 - 156k   10.8%
2023 - 474k    13.8%
2024 - 774k    16.8%   market cap 14.3T

These last tables should really show you that it is incredibly realistic to get the values of both gold and BTC right up there in the coming years.

I was actually doing some similar calculations in my head a few nights ago!

I would add a few comments. In terms of money moving from Gold into BTC, and how this impacts BTC's price, its of course not as simple as money stored in gold moving to BTC. There will be many sources of money coming into BTC also, other than being converted from gold.

The Gold vs BTC market-cap ratio is going to be really interesting to watch. Will be fascinating to see the changes in global dynamics and in the financial system as BTC's market cap approaches parity with gold. And also to see if gold's value actually declines as BTC's rises, or whether gold still increases albeit at a much slower rate then BTC.

On a related note, at the physical gold trading exchange that I use in one of the countries where I reside (eg to buy and store physical gold), they now quote gold in BTC (among other international currencies), offer customers a gold to BTC conversion service, and also accept payment for gold in BTC. To me this really shows they "get it" and are preparing for the future. I expect this will only become more common at gold trading shops globally.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 02, 2021, 06:57:50 PM
Quote from: gib on January 02, 2021, 06:36:23 PM
Mr Anabolic, Mayday and others. Below is a great video that touches on the various topics and concepts you guys have been debating. Well worth the listen from beginning to end. Super important that we understand what is happening and what lies ahead.

I have listened to Saylor before and like with most speakers, there is only portions i agree with.

I tend to follow the gold and money supply speakers because they generally work off historical moments. BTC speakers tend to disregard that stuff which is what makes their claims questionable.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on January 02, 2021, 07:20:08 PM
Don't get caught with the hot potato.

(https://media.giphy.com/media/sRIVe9E95EtZ6iqzez/giphy.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on January 02, 2021, 07:30:59 PM
Fucking Bitcoin.  I had people telling me to buy some at $1.50  and I never did. Fucking aye man.  In reality I don’t think I would have held on until now. Probably would have sold at $10k a while ago.  Still an awesome return if I bought into it. Knowing my luck I would have bought $10k worth and lose the thumb drive.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 02, 2021, 07:43:49 PM
Quote from: gib on January 02, 2021, 06:53:27 PM
I was actually doing some similar calculations in my head a few nights ago!

I would add a few comments. In terms of money moving from Gold into BTC, and how this impacts BTC's price, its of course not as simply as money stored in gold moving to BTC. There will be many sources of money coming into BTC also, other than being converted from gold.

The Gold vs BTC market-cap ratio is going to be really interesting to watch. Will be fascinating to see the changes in global dynamics and in the financial system as BTC's market cap approaches parity with gold. And also to see if gold's value actually declines as BTC's rises, or whether gold still increases albeit at a much slower rate then BTC.

Well i have done it for you now ;)

A vital part in my example is that during that same 1976 to 1980 period consumer inflation went up only 50%....... 

Gold 650%
CPI 50%

The reason for this is because money follows the wealth gap where the wealthiest 5% own 95% meaning inflation follows the same trend.

In a ratio for percentage growth of Gold to CPI, the growth from gold took 92% and the CPI took 8%. Magic huh.

This is why when people see the Dow Jones, Gold, the Trillions in QE they all say OMFG my hamburger is going to cost 500 bucks are entirely wrong time and time again. The inflation that hits our everyday items is actually very low it is just that we feel it more because our incomes/wealth are also very low in comparison to the wealthy.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 02, 2021, 09:30:20 PM
Crazy mofos buying in at $34,100 LOL

Eject eject eject !!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 02, 2021, 10:54:36 PM
Quote from: Mayday on January 02, 2021, 09:30:20 PM
Crazy mofos buying in at $34,100 LOL

Eject eject eject !!!

Its interesting to see what is going on. My contacts in Asia and in the US who are in banking and private wealth tell me they see a wall of institutional money coming into BTC in Q1-Q2 of 2021. Once these institutions are in, they will open up and give access to retail investors via simple platforms (eg EFTs, investment funds, payment systems, credit cards, and via retail bank accounts and stock broking accounts, etc). What we are seeing now, is more sophisticated investors who are front-running what they will see a huge wall of money coming into BTC this year with perfectly scarcity assured and ever increasing demand. During certain times of BTC's evolution we will see almost zero selling demand and strong buying demand, and at times like that strong upwards movements in price.

Bankers are all still on holiday, and will be looking to allocate once they are back to work later this month...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 02, 2021, 10:57:08 PM
 
Quote from: Mr Anabolic on March 17, 2014, 03:13:27 PM (back when Bitcoin price was just $589 per coin, or 58.9 cents for 100,000 Satoshies).

"Bitcoin is so 2013.

The bitcoin bubble has popped.

It's over."
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 03, 2021, 12:19:52 AM
Quote from: gib on January 02, 2021, 10:54:36 PM
Its interesting to see what is going on. My contacts in Asia and in the US who are in banking and private wealth tell me they see a wall of institutional money coming into BTC in Q1-Q2 of 2021. Once these institutions are in, they will open up and give access to retail investors via simple platforms (eg EFTs, investment funds, payment systems, credit cards, and via retail bank accounts and stock broking accounts, etc).

This is trading movements though.

We are in a 7 day parabolic window and today is day 7.

I’m watching the charts right now. It’s already had a huge 10% dump and then bounced back above 34k. It’s closing in fast! Just you wait.....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on January 03, 2021, 02:50:42 AM
Quote from: Mayday on January 02, 2021, 09:30:20 PM
Crazy mofos buying in at $34,100 LOL

Eject eject eject !!!
:D  No shit.  Buy high sell low.  Haha
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 03, 2021, 04:50:43 AM
Quote from: gib on January 02, 2021, 06:36:23 PM
Mr Anabolic, Mayday and others. Below is a great video that touches on the various topics and concepts you guys have been debating. Well worth the listen from beginning to end. Super important that we understand what is happening and what lies ahead.

To Mr A specifically. Once you have listened, I challenge you come back here and post any questions, whether about macroeconomic trends, or BTC specifically.

As fellow Getbiggers we are all here to help each other grow (and that means not just physically, but mentally and financially also).


I watched this video. Very informative and he is a smart dude! Interesting way to look at things! Thanks for posting!

I am optimistic that we might see:

1 BTC = $500,000
1 ETH = $75,000

There's 100 million Satoshi's in 1 BTC.
There' 1 billion GWEI's in 1 ETH.

Also watch Cardano.

I think BTC and ETH are the two main coins that will be safe to invest in. Both have been deemed to not be securities by the SEC. Both have huge upward potential. I will diversify into BTC once ETH catches up. I believe it will, it is only a matter of time.

BTC has started off 2021 with a bang. ETH is also going up nicely, not quite as much as BTC but I think that might change. It has already blasted through $800. The ATH of $1392 could be smashed in the next few months I think.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on January 03, 2021, 05:08:16 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on January 03, 2021, 05:12:57 AM
$ 34,133.46
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 03, 2021, 05:38:26 AM
Quote from: IroNat on January 03, 2021, 05:08:16 AM


There are 2 ironies I cannot but help point out about this song.

The first irony, is that the song is about poker. And poker, for those of use who understand it, is ultimately a game of skill (not luck). Over time, all players are dealt the same amount of luck, but the better player (the person who best knows what do with the hands he is dealt) will always win over time. So its ironic that a song called "the gambler" is actually about poker (which is a game of investing).

The second irony, is that Mr A posted this song many months back, when a whole Bitcoin was only around 6.8K per coin (or just USD 68 cents for 10,000 Satoshies...)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: hardgainerj on January 03, 2021, 06:01:22 AM
I'll buy some when it crashes again
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on January 03, 2021, 06:06:29 AM
Quote from: hardgainerj on January 03, 2021, 06:01:22 AM
I'll buy some when it crashes again

It won't. Actually, we're just witnessing the last moments when average Joe could potentially still get it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: hardgainerj on January 03, 2021, 06:38:16 AM
Quote from: affeman on January 03, 2021, 06:06:29 AM
It won't. Actually, we're just witnessing the last moments when average Joe could potentially still get it.
I understand the role bitcoin has in electronic transaction but I don't see it replacing the dollar for example as of right now
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 03, 2021, 08:39:44 AM
Colombian Watchdog Says Companies Can Convert Capital to Bitcoin

 Big American companies like MicroStrategy have made the headlines this year with their bitcoin (BTC)-buying policies, but companies in Colombia may be set to follow suit – after a corporate watchdog in the nation green-lighted the practice of holding capital reserves in crypto.

In an official notice, the Superintendency of Corporations (Superintendencia de Sociedades), the nation’s corporations regulator explained that following a consultation, firms in Colombia are now legally permitted to use their capital to buy cryptoassets such as bitcoin (the only token explicitly named in the document) – so long as they abide by regulations outlined in the existing commercial code.

The watchdog added that providing the tokens companies bought could qualify as “intangible assets,” and “meet criteria that makes them recognizable on inventories as intangible,” firms were now free to take the crypto plunge.

The ruling is a major turnaround for the watchdog, which in early 2018 was still warning companies of the dangers of crypto investment, opining that tokens were too “volatile” to qualify as assets.

However, the new document contains a number of warnings about crypto, showing that the Superintendency has not yet altogether abandoned its previous position, writing that crypto “is not money or legal tender,” and cannot be used “as a form of payment.”

The watchdog also warned that no central bank or international monetary organization had recognized crypto as a form of money, and that tokens were in no way to be considered as a substitute for cash.

Meanwhile, as reported, the Colombian government has opened applications for companies wishing to trial crypto transactions in a new regulatory sandbox.

 https://cryptonews.com/news/colombian-watchdog-says-companies-can-convert-capital-to-bit-8778.htm
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 03, 2021, 02:34:54 PM
Ethereum up 26% as of right now @ $974!

Bitcoin up 5.6% @ $33,520.

Ethereum has some catching up to do. I think eventually Ethereum's market cap will exceed Bitcoin's. In 2017/2018  it came close to Bitcoin's cap.

The price of BTC will probably always be higher because of the smalller supply of BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 03, 2021, 02:38:38 PM
I'd like to see a ratio of 1:10 between BTC and ETH. That's when I'll convert some ETH to BTC. But I will be holding ETH for sure long term.

Big disappointments at the moment is MIOTA and XRP (because of SEC case). Not sure if XRP is dead though - we'll see what happens there. Anyone buying into those two currently? Or ADA?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 03, 2021, 02:50:29 PM
Quote from: affeman on January 03, 2021, 06:06:29 AM
It won't. Actually, we're just witnessing the last moments when average Joe could potentially still get it.

I just exited my position on BTC.

Chat rooms are exploding with bullish new buyers. Lots of buyers for XRP..... you know, the one being delisted en masse from exchanges mid January.....

The charts were already showing signs of a pullback before these people bought in.

I had a reasonably sized position and I sold in 6 lots briefly eating up open orders and 2 seconds after the price bumped up! Selling is the new bullish?

It got whacked hard early yesterday then rebounded. I saw a notification of USD98M moving from an unknown wallet onto an exchange......
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 03, 2021, 02:52:59 PM
Quote from: obsidian on January 03, 2021, 02:38:38 PM
I'd like to see a ratio of 1:10 between BTC and ETH. That's when I'll convert some ETH to BTC. But I will be holding ETH for sure long term.

Big disappointments at the moment is MIOTA and XRP (because of SEC case). Not sure if XRP is dead though - we'll see what happens there. Anyone buying into those two currently? Or ADA?

I wanted to stay in ETH but BTC makes me nervous right now. I can’t see BTC taking a dump and ETH not going along with it.

I’ll be buying ETH on the rebound however.

*ETH currently 0.99k apparently has wind for 1.2k and onto 1.4K...... gunna be an absolute bloodbath for people very soon.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on January 03, 2021, 03:04:58 PM
Quote from: obsidian on January 03, 2021, 02:34:54 PM


 I think eventually Ethereum's market cap will exceed Bitcoin's.



Absolutely not.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 03, 2021, 03:21:41 PM
Quote from: Theoak* on January 03, 2021, 03:04:58 PM
Absolutely not.
https://cryptopotato.com/renowned-economist-predicts-ethereum-market-cap-may-surpass-btc/#:~:text=Global%20Macro%20Investor%20CEO%20Raoul%20Pal%20has%20listed,Bitcoin%E2%80%99s%20with%20%2462%20billion%20compared%20to%20%24334%20billion.

Legendary investor Raoul Pal has made some bold statements about Ethereum, suggesting that its market capitalization may surpass that of Bitcoin within the next decade.

Global Macro Investor CEO Raoul Pal has listed a number of reasons that Ethereum may well exceed Bitcoin in terms of market capitalization in the future. At the moment Ethereum’s market cap is just 18% of Bitcoin’s with $62 billion compared to $334 billion.

In a flurry of tweets today, the investment strategist and economic historian compared the sizes of cryptocurrencies to traditional financial markets such as bonds and derivatives. The stand-out comments were all very bullish for Ethereum which may have an entire financial economy running on it in the future.

    “My hunch is BTC is a perfect collateral layer but ETH might be bigger in market cap terms in 10 years for the reasons above.”

    A few things to make you think…

    If bitcoin is the digital pristine collateral, the size of global gov bond market is $123trn.

    Pretty amazing opportunity for bitcoin.

    — Raoul Pal (@RaoulGMI) December 11, 2020

Can Ethereum Really Surpass Bitcoin?

Bitcoin, which is currently correcting, has traditionally been considered as a store of value rather than digital money or a financial application layer. Sending and receiving Bitcoin is relatively slow and markets are still way too volatile for it to be considered as ‘money’.

Ethereum prices are also volatile and it too can suffer greatly when the network is under heavy load. The difference is that many other assets from stablecoins to real estate to non-fungible gaming tokens can be tokenized on Ethereum. It is a foundation layer for an entirely new financial landscape.

Pal kicked off the thread stating that if Bitcoin is the digital pristine collateral, the size of global government bond market is $123 trillion, and it could be a “pretty amazing opportunity for Bitcoin”.

He then compared crypto markets to current settlements, derivatives, and forex layers in traditional finance which are in the quadrillions of dollars.

    “Almost no one in crypto understands the size of financial markets. It is never ever going to be winner takes all. It is near impossible as each blockchain has its limitations and trade offs and that suits the complexity of the financial world.”

He added that money and collateral is just the base layer, and everything builds on top. The store of value is collateral, the trust layer and exchange of value is bigger, and this is Ethereum he stated.

The Case of DeFi

Decentralized finance has been the primary case in 2020 as the majority of it is built on Ethereum despite the emergence of a number of faster rival blockchains such as Polkadot, Solana, and Binance Smart Chain.

None of them have managed to ‘kill’ Ethereum and they are unlikely to in the future unless developers in the current DeFi ecosystem want to re-write all of their code and contracts for another platform with fewer users.

As DeFi grows, so will its reliance on Ethereum, which is also evolving itself and is already scalable through Layer 2. Native scaling is around a year or so away, and by then Ethereum would have cemented itself even further as the base layer of this new financial world.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on January 03, 2021, 03:28:01 PM
Ethereum $ 967.63

Past 7 days: up 45.42 %
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on January 03, 2021, 03:39:00 PM
I'm going to serve as the lonely voice in the desert here, but does anyone else consider that this rise in BitCoin is bound to fall hard based on the fact that it could threaten the United States dollar as the world reserve currency?

Our dollar serving as the reserve is what keeps us in power internationally (by serving as the currency that most foreign trade is pegged to), allows for this country to get loans from other foreign powers and has earned us the respect of most foreign nations since 1945. Not to mention that since the Federal Reserve has been purchasing US debt in the form of bonds to the tune of trillions, it would be foolish of them to not tell all the US government politicians (president + congress) to intercede as to protect their position, even if by way of a FED coin.

Remember, I'm only an investor in the market and DO NOT actively trade, so please don't crucify me. That said, I think it would be a bit strange to place so much trust on a completely non-tangible asset like BitCoin, when the US stands to lose so much by allowing for this bubble to expand out of control. I don't think Biden and the likely Democrat-controlled congress will stand for this.

I could be VERY WRONG on my stance, but I still think this bubble might pop!

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on January 04, 2021, 04:41:23 AM
Quote from: OneMoreRep on January 03, 2021, 03:39:00 PM
I'm going to serve as the lonely voice in the desert here, but does anyone else consider that this rise in BitCoin is bound to fall hard based on the fact that it could threaten the United States dollar as the world reserve currency?

Our dollar serving as the reserve is what keeps us in power internationally (by serving as the currency that most foreign trade is pegged to), allows for this country to get loans from other foreign powers and has earned us the respect of most foreign nations since 1945. Not to mention that since the Federal Reserve has been purchasing US debt in the form of bonds to the tune of trillions, it would be foolish of them to not tell all the US government politicians (president + congress) to intercede as to protect their position, even if by way of a FED coin.

Remember, I'm only an investor in the market and DO NOT actively trade, so please don't crucify me. That said, I think it would be a bit strange to place so much trust on a completely non-tangible asset like BitCoin, when the US stands to lose so much by allowing for this bubble to expand out of control. I don't think Biden and the likely Democrat-controlled congress will stand for this.

I could be VERY WRONG on my stance, but I still think this bubble might pop!

"1"
You are not wrong at all. It's a Ponzi scheme.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on January 04, 2021, 05:30:59 AM
Quote from: OneMoreRep on January 03, 2021, 03:39:00 PM
I'm going to serve as the lonely voice in the desert here, but does anyone else consider that this rise in BitCoin is bound to fall hard based on the fact that it could threaten the United States dollar as the world reserve currency?

Our dollar serving as the reserve is what keeps us in power internationally (by serving as the currency that most foreign trade is pegged to), allows for this country to get loans from other foreign powers and has earned us the respect of most foreign nations since 1945. Not to mention that since the Federal Reserve has been purchasing US debt in the form of bonds to the tune of trillions, it would be foolish of them to not tell all the US government politicians (president + congress) to intercede as to protect their position, even if by way of a FED coin.

Remember, I'm only an investor in the market and DO NOT actively trade, so please don't crucify me. That said, I think it would be a bit strange to place so much trust on a completely non-tangible asset like BitCoin, when the US stands to lose so much by allowing for this bubble to expand out of control. I don't think Biden and the likely Democrat-controlled congress will stand for this.

I could be VERY WRONG on my stance, but I still think this bubble might pop!

"1"

I tried cashing out my crypto probably 2 months ago. After around 4-6 weeks the major crypto exchange said it was rejected by my bank, but the bank said that there's no trace of a payment being attempted  ???

I'm not even sure I'll be able to cash it out to be honest, as either the exchange is shady or my bank doesn't accept payments from dodgy offshore banks.

Whereas if I wanted to cash out stocks, it'd be done during the same day.

The point being, this is not a real currency and won't replace the money system. Despite 1000 word essays and LARP filled forum posts. No one should be risking anything besides side cash in volatile investments like this.

I will definitely put some money in during the next crash though  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 04, 2021, 05:33:31 AM
Quote from: a_pupil on January 04, 2021, 05:30:59 AM
I tried cashing out my crypto probably 2 months ago. After around 4-6 weeks the major crypto exchange said it was rejected by my bank, but the bank said that there's no trace of a payment being attempted  ???

I'm not even sure I'll be able to cash it out to be honest, as either the exchange is shady or my bank doesn't accept payments from dodgy offshore banks.

Whereas if I wanted to cash out stocks, it'd be done during the same day.

The point being, this is not a real currency and won't replace the money system. Despite 1000 word essays and LARP filled forum posts. No one should be risking anything besides side cash in volatile investments like this.

I will definitely put some money in during the next crash though  ;D

 :o

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on January 04, 2021, 10:22:46 AM
Quote from: a_pupil on January 04, 2021, 05:30:59 AM
I tried cashing out my crypto probably 2 months ago. After around 4-6 weeks the major crypto exchange said it was rejected by my bank, but the bank said that there's no trace of a payment being attempted  ???

I'm not even sure I'll be able to cash it out to be honest, as either the exchange is shady or my bank doesn't accept payments from dodgy offshore banks.

Whereas if I wanted to cash out stocks, it'd be done during the same day.

The point being, this is not a real currency and won't replace the money system. Despite 1000 word essays and LARP filled forum posts. No one should be risking anything besides side cash in volatile investments like this.

I will definitely put some money in during the next crash though  ;D
This is why I asked who has cashed out a million dollars worth of crypto.  I have never heard of anyone who has cashed out a large amount.  There are going to be a lot of pissed off investors when they realize that real fiat money used to pay bills and buy stuff that was invested just disappeared.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 04, 2021, 03:39:06 PM
Hedge Fund Buys $1 Billion Bitcoin

A Singapore based hedge fund has bought some $1.3 billion worth of stock traded bitcoin according to a filing with the Securities and Exchanges Commission (SEC).

The crypto focused Three Arrows Capital bought 38,888,888 shares issued by Grayscale Bitcoin Trust.

Each GBTC share currently goes for $34.10 and are redeemable for actual bitcoin at the rate of 0.001 BTC.

Making this the biggest known one off purchase with it currently unclear whether Three Arrows bought them under the directions of a specific client.

That’s especially as the GBTC avenue is preferred by institutional investors due to it being a regulated product and due to investors not needing to deal with custody.

So marking an acceleration in the amount of bitcoins bought through GBTC which saw $1 billion purchases in the last two weeks of December, as much as all of Q3 2020.

Now $1 billion is being bought in one go as big money starts making an entrance with bitcoin’s price rising to $34,000 while eth surpassed $1,000 in what plenty say is the beginning of a bull run.

https://www.trustnodes.com/2021/01/04/hedge-fund-buys-1-billion-bitcoin
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 04, 2021, 07:10:32 PM
Quote from: polychronopolous on January 04, 2021, 03:39:06 PM
Hedge Fund Buys $1 Billion Bitcoin

A Singapore based hedge fund has bought some $1.3 billion worth of stock traded bitcoin according to a filing with the Securities and Exchanges Commission (SEC).

The crypto focused Three Arrows Capital bought 38,888,888 shares issued by Grayscale Bitcoin Trust.

Each GBTC share currently goes for $34.10 and are redeemable for actual bitcoin at the rate of 0.001 BTC.

Making this the biggest known one off purchase with it currently unclear whether Three Arrows bought them under the directions of a specific client.

That’s especially as the GBTC avenue is preferred by institutional investors due to it being a regulated product and due to investors not needing to deal with custody.

So marking an acceleration in the amount of bitcoins bought through GBTC which saw $1 billion purchases in the last two weeks of December, as much as all of Q3 2020.

Now $1 billion is being bought in one go as big money starts making an entrance with bitcoin’s price rising to $34,000 while eth surpassed $1,000 in what plenty say is the beginning of a bull run.

https://www.trustnodes.com/2021/01/04/hedge-fund-buys-1-billion-bitcoin

They paid quite a premium too, for access to this amount via the GBTC (as opposed to holding themselves directly). My contacts in Singapore tell me they see a huge surge of hedge funds and HNW's and family offices acquiring BTC this year for long term hold.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 04, 2021, 07:16:22 PM
Quote from: Humble Narcissist on January 04, 2021, 10:22:46 AM
This is why I asked who has cashed out a million dollars worth of crypto.  I have never heard of anyone who has cashed out a large amount.  There are going to be a lot of pissed off investors when they realize that real fiat money used to pay bills and buy stuff that was invested just disappeared.

I cannot write much here as I am about to do some levening entertaining. HOwever, I already explained this to you earlier. Again, Billions of dollars of BTC trade daily.

You have a warped mindset when you you refer to "real fiat money". Do you not realize the perversion of logic that is inherent in your choice of words here?

If it helps (and I think I mentioned this earlier, I have a friend who "cashed out" approximately USD 2m USD recently. (And perhaps even more interestingly, he did this in quite a remote location. (A popular tourist island). It would have been hard for him to bring this amount in in cash, gold, or via the banking system (for various reasons, mainly capital controls).

Indeed, every time you hear of a "whale" selling you can be sure they are "cashing out" millions of dollars within a very short period of time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 04, 2021, 07:19:15 PM
Quote from: a_pupil on January 04, 2021, 05:30:59 AM
I tried cashing out my crypto probably 2 months ago. After around 4-6 weeks the major crypto exchange said it was rejected by my bank, but the bank said that there's no trace of a payment being attempted  ???

I'm not even sure I'll be able to cash it out to be honest, as either the exchange is shady or my bank doesn't accept payments from dodgy offshore banks.

Whereas if I wanted to cash out stocks, it'd be done during the same day.

The point being, this is not a real currency and won't replace the money system. Despite 1000 word essays and LARP filled forum posts. No one should be risking anything besides side cash in volatile investments like this.

I will definitely put some money in during the next crash though  ;D

A few quick comments for you. If you don't control the coins, they are not yours. Keep them in cold storage. Anything you have on the exchange, take it off and place it in cold storage and HODL. If you do want to sell, sell via a regulated exchange (eg Gemini, Binance, Coinbase), or simply sell peer to peer or at any OTC location.

In terms of "putting money in" (in reality securing the current value of your ever declining fiat money to a decentralized peg of global value) my suggestion is to simply buy in smaller amounts over time, and HODL for the next 10 years. You will thank me in the future if you follow this advice.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 04, 2021, 07:23:09 PM
Quote from: Mayday on January 03, 2021, 02:50:29 PM

It got whacked hard early yesterday then rebounded. I saw a notification of USD98M moving from an unknown wallet onto an exchange......

Not an unknown wallet, but yes, around USD 98m coins that were inactive for the last 10 years, suddenly were sold.

Also, there was apparently a USD 90m leverage short seller who came during that dip. So probably USD 1m with 90x leverage. He apparently got entirely wiped out and lost his entire 1 mil.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on January 04, 2021, 08:43:07 PM
Quote from: a_pupil on January 04, 2021, 05:30:59 AM

The point being, this is not a real currency and won't replace the money system. Despite 1000 word essays and LARP filled forum posts. No one should be risking anything besides side cash in volatile investments like this.

I will definitely put some money in during the next crash though  ;D

1/ Breaking major news from US Treasury OCC, the largest US banking regulator (
@USOCC
), with new guidance allowing US banks to use public blockchains and dollar stablecoins as a settlement infrastructure in the US financial system.  https://occ.gov/news-issuances

https://mobile.twitter.com/jerallaire/status/1346233132396257282
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 05, 2021, 01:05:42 AM
Quote from: a_pupil on January 04, 2021, 05:30:59 AM
I tried cashing out my crypto probably 2 months ago. After around 4-6 weeks the major crypto exchange said it was rejected by my bank, but the bank said that there's no trace of a payment being attempted  ???

I'm not even sure I'll be able to cash it out to be honest, as either the exchange is shady or my bank doesn't accept payments from dodgy offshore banks.

Whereas if I wanted to cash out stocks, it'd be done during the same day.


I find it a kind of warped mindset when people talk about "cashing out of BTC". To me it shows that they don't quite yet "get it".

It reminds be about one of my banker friends who was a former CEO of one of Australia's largest banks. He once told me, among his many tales as a young banker starting out, how he was charged with setting up the first branch of the bank in a country near Australia called "Papua New Guinea".

He told me that in the early days, the local housewives (very privative local basically savage tribes), would all come on a Friday to "take their money out" (to make sure it was really still there) and then redeposit it back on the Monday when the bank opened again after the weekend. :)

Its a very primitive way of thinking, but understandable at the same time. Monkeys and dogs also have similar concerns and hesitations when learning new concepts. Caution has been a desirable human trait in terms of our survival. But an even more important trait that has been key to human success and evolution, both as a group and as individuals, has been open-mindedness and curiosity (as opposed to obstinate pig-headedness of the kind demonstrated by Mr Anabolic throughout this thread, which is more akin to a goat repeatedly bashing its head against a tree).

Put in very simplistic, terms it is far far easier to "cash out" of BTC, that it is for gold. Or to use it to purchase it for anything. Or to transfer it to anywhere in the world. Or to instantly break in down into any denomination. But either why, you really need to be twisting your logic on its head and start looking at how to "cash out" of cash, which you know with certainty and can see before your very eyes, is devaluing due to money printing. It defies logic to hold cash of any significant amount in these circumstances. And to believe doing so is "safe" boarders on being dilutional and irrational lunacy if you think about it.

The more important question to ask is what is the safest thing to do with wealth currently denominated in cash. In my view the answer (at a high level) is a mix of stocks (or businesses that you own and operate outright), property, gold, and Bitcoin.

What people are doing is "cashing out" of fake money. And cashing into a hard asset. Which is BTC. (As for what proportions allocation, and the pros and cons of each class, that is a more personal question. But you can be very sure that as BTC is a new asset class, its % overall in portfolios will be increasing over time, compared to the others).

But yes, in summary you could use BTC to buy fiat currency at an instant. Over 1 Billion USD value of BTC trade daily, and that volume is only increasing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 05, 2021, 01:08:05 AM
Quote from: Humble Narcissist on January 04, 2021, 04:41:23 AM
You are not wrong at all. It's a Ponzi scheme.

You are confusing concepts. BTC does not pay any kind of yield or profit. Unlike for example the fund that Bernie Madoff ran, where existing "investors" (aka suckers) were paid profits from the funds of others (even bigger suckers), and the only person actually making money being the scammer himself who operated the fund.

BTC is as much of a "scam" as gold is, in that it produces no earnings yield, is limited in supply, (BTC indeed is perfectly and mathematically  limited whereas gold is not), and is controlled by no-one (ie its value and control is decentralized, and is entirely dependent on the collective sum of what others are prepared to pay for it). And both gold and BTC are far less scams that fiat currency (which ironically is really the ultimate Ponzi scheme, in part because in the past so few people actually realized this).

I have explained this earlier (many times). Please read prior posts so I do not need to keep repeating myself I hope you can give some thought to this so that you understand it.

At a very simplistic level, BTC is limited in supply. BTC is fast becoming the global baseline store of value in the new world (where everything is digital). Cash printed by Governments is infinite in supply. Cash is a sovereign currency, designed for short term use as a method of value exchange, pegged and valued as a function of the total amount of supply of cash in circulation as compared to Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on January 05, 2021, 03:41:17 AM
Again I ask, how many (if any) people have withdrawn 1 million in Bitcoin and actually got cash?  Bitcoin has no worth until you either use it to buy goods and services  OR  you get cash for selling it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 05, 2021, 05:44:16 AM
Quote from: Humble Narcissist on January 05, 2021, 03:41:17 AM
Again I ask, how many (if any) people have withdrawn 1 million in Bitcoin and actually got cash?  Bitcoin has no worth until you either use it to buy goods and services  OR  you get cash for selling it.

I'll try to answer this one more time. Billions of dollars of BTC sells every day. Every seller (obviously) receives cash in return for the BTC they sell. Every person who buys the BTC of course needs to pay in cash.

Coinbase, which is about do to an IPO, will provide exact details of how much money they take in and pay out each day (along with their margins). You will see in their offer prospectus that the amount of money they are making on commission on a daily basis is staggering. You can take a read of that yourself.

I only know one retail investor who sold all BTC at once. He received USD 2m, in cash, in a single transaction. But I know many who have sold (and received in cash the USD 50-100K range). Remember, most retail investors who hold larger amounts won't typically sell all in a single transaction.

I know one OTC operator who sell around USD 100m per day (meaning they both take in, and give out 100m in cash on average, on a daily basis).

You can buy whatever good or service you like by paying in BTC provided the seller is willing to accept BTC. Or you can simply use the cash you get, and then buy whatever good or service you like by paying in cash provided the seller is willing to accept the cash.

More sellers than ever are eager to get their hands on BTC and so are willing to accept it, but either way, later this year we will see both PayPal and Square, among many others, allowing you to have an underlying storage of global in BTC in your account, but from a "user-experience" perspective, you will be able to pay for any transaction either in cash (which is then reconciled in your account in BTC), or in BTC directly. So, for a merchant it becomes seamless, as a BTC transaction to them appears as a fiat currency transaction, but it actually is being converted and deducted from a person's BTC balance in the backend. If the merchant wants BTC they can ask for that. If they want cash, Square and PayPal will convert BTC into the amount of cash as is needed.

Are there buyers of BTC who refuse to pay you cash? Yes of course that can happen if you get scammed or are an idiot (just like a buyer of any other item can refuse to pay you cash). Are there banks or exchanges that go bust or make errors or scam you? Yes, that can also happen (which is why its not advisable to keep BTC on an exchange, and, if you so want to sell via an exchange, make sure its a regulated exchange.

The last question, which is maybe what you are actually asking, is does a bank have to accept the cash you have received from the sale on an exchange. The answer to that is that it is up to the bank. I, and many of my friends in finance, have established relationships with banks, such that a transfer of a million dollars in would be accepted no problem. But if you had no track record, no prior establishment of wealth or legitimate source of income, no KYC compliance etc, than any bank's compliance department would raise an eyebrow at a sudden appearance of 1m incoming (regardless of what you supposedly sold to get that 1m, whether its a house, a lottery win, stocks, an inheritance, or BTC). They might well want an assurance as to the legitimacy of that income, depending on the bank and the applicable jurisdiction. So, for example Switzerland, HK, Singapore, Cayman Islands, Spain, Monaco, etc no problem at all. Whereas in the US likely you would be questioned.

Hope that helps. If you ask legitimate questions, with specific details, I will try to answer for you.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 05, 2021, 05:56:37 AM
So called "One-Coiners" (ie a person who owns an actual whole coin) will soon be the global elite with an untouchable level of wealth by the masses (who will be wage slaves).

I already explained, when BTC was 5K per coin, how important it was for every one of us to secure a coin and then HODL for life. (Still in reach for many, although obviously now takes more fiat money than it did several years ago - such is a algorithm that governs Bitcoin. For many individuals, this year may be the last realistic opportunity to become a One-coiner. Think about it, as you will in the future deeply regret not acting now, whilst the security of your future still in reach).

For anyone who has an interest in securing their future, please take a listen to this. Very well presented at will be appreciated by anyone who has the intellectual capacity to understand this.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on January 05, 2021, 10:44:34 AM
Quote from: gib on January 05, 2021, 05:56:37 AM
So called "One-Coiners" (ie a person who owns an actual whole coin) will soon be the global elite with an untouchable level of wealth by the masses (who will be wage slaves).

I already explained, when BTC was 5K per coin, how important it was for every one of us to secure a coin and then HODL for life. (Still in reach for many, although obviously now takes more fiat money than it did several years ago - such is a algorithm that governs Bitcoin. For many individuals, this year may be the last realistic opportunity to become a One-coiner. Think about it, as you will in the future deeply regret not acting now, whilst the security of your future still in reach).

For anyone who has an interest in securing their future, please take a listen to this. Very well presented at will be appreciated by anyone who has the intellectual capacity to understand this.


You can't really be this naive.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 05, 2021, 12:09:36 PM
Quote from: Humble Narcissist on January 05, 2021, 03:41:17 AM
Again I ask, how many (if any) people have withdrawn 1 million in Bitcoin and actually got cash?  Bitcoin has no worth until you either use it to buy goods and services  OR  you get cash for selling it.

it is worthless until you sell into fiat to purchase something. But that same logic applies to gold etfs, shares, commodities and anything else purchased on an exchange.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on January 05, 2021, 12:15:10 PM
Quote from: Mayday on January 05, 2021, 12:09:36 PM
it is worthless until you sell into fiat to purchase something. But that same logic applies to gold etfs, shares, commodities and anything else purchased on an exchange.
I agree.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 05, 2021, 12:38:57 PM
Quote from: gib on January 04, 2021, 07:23:09 PM
Not an unknown wallet, but yes, around USD 98m coins that were inactive for the last 10 years, suddenly were sold.

Also, there was apparently a USD 90m leverage short seller who came during that dip. So probably USD 1m with 90x leverage. He apparently got entirely wiped out and lost his entire 1 mil.

Shorts were being utterly murdered as it held that 29k support that was showing on the futures so I jumped back in.

Margin on crypto scares the hell out of me. It’s like that guy who put 5M on Trump to win thinking he’d get an easy 10M profit. It looks good until it doesn’t.

So this week based on an open at 32k I’d say it’ll run towards 38k.

I got back into ETH and i think 1,600 isn’t out of the question.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 05, 2021, 10:02:01 PM
Quote from: Mayday on January 05, 2021, 12:09:36 PM
it is worthless until you sell into fiat to purchase something. But that same logic applies to gold etfs, shares, commodities and anything else purchased on an exchange.

Anything is worthless, unless someone is willing to ascribe value to it.

Fiat currency's value is dependent on the willingness of others to accept it. What we have seen time and time again, is that providers of goods or services, at certain points in time (due to excessive debt funded money printing), lose faith in the currency, and either refuse to accept it, or require ever increasing amounts of it in return for the same goods or services. Those of us in the US (and especially those of us who are younger, may never have experienced this or seen it in action, or heard about it only happening in "3rd world countries". Well, look out, because it happening right before our eye. Those of us who are older, or who have seen family businesses impacted many years ago due to currency debasement, or who have been in countries where the entire population has lost faith in the currency - we understand very well.

Bitcoin is becoming a global store of value that is not controlled by any country, is immutable, transportable geographically, and perfectly finite.

I have said it many many time. Buy BTC. HODL. It it quite possible that in a decade from now there will be no need to sell it. Simply owning it will be enough to put you an elite class of power, (with various interest and income earning funding mechanisms operating of the base value of BTC, such that you will be set for life).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 05, 2021, 10:48:28 PM
Quote from: Humble Narcissist on January 05, 2021, 10:44:34 AM
You can't really be this naive.

Naive about what specifically?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on January 06, 2021, 03:29:14 AM
Quote from: gib on January 05, 2021, 10:48:28 PM
Naive about what specifically?
A person with 1 bitcoin is going to be in the global elite because of it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on January 06, 2021, 04:03:44 AM
I have no doubt that bitcoin or its like is here to stay.  After all people still grow tulips.

However, so many are being led to slaughter now...even the so-called "experts".

I've seen this scenario too many times to count.

Hurry!  The Titanic is leaving the dock!  Get aboard before it's too late!

(https://nationeditions.com/wp-content/uploads/2020/05/titanic2.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 06, 2021, 04:32:07 AM
Quote from: Humble Narcissist on January 05, 2021, 12:15:10 PM
I agree.

For BTC a red flag for me is the large holders. The existing powerful do not give away power easily.

JP Morgan says 140k long term..... they could crush BTC today into oblivion if they wanted.

I’m modelling different scenarios at the moment based on a 2021 exit scenario from my crypto positions.

Doesn’t mean they are correct but I am believing a pivot to ETH is going to happen and BTC may stall vs previous gains.....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on January 06, 2021, 04:42:54 AM
Quote from: Mayday on January 06, 2021, 04:32:07 AM
For BTC a red flag for me is the large holders. The existing powerful do not give away power easily.

JP Morgan says 140k long term..... they could crush BTC today into oblivion if they wanted.

I’m modelling different scenarios at the moment based on a 2021 exit scenario from my crypto positions.

Doesn’t mean they are correct but I am believing a pivot to ETH is going to happen and BTC may stall vs previous gains.....

This. There's an interesting interview with Craig Wright, who is rumored to be (part of) Satoshi (the Bitcoin creator). When he's asked that he's technically a billionaire because of his assets in BTC he says that this number is just theoretically because he alone is holding such a large amount of total BTC that if he decided to sell it off the price would immediately crush to 50 % or so :D

Basically, the run could be over in the blink of an eye, the only question is if you're among the lucky guys who were selling beforehand or not (and this has nothing to do with knowledge or skills, but purely with luck lol; there are others deciding whether the BTC is going to crash or not, not you ;)).

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on January 06, 2021, 04:52:10 AM
Oh, and btw: $ 34.920  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 06, 2021, 06:26:15 AM
While you guys debate, some of us are making money  on bitcoin, etherum and juggling around funds in the smaller market cap coins. Lol

Keep doubting
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 06, 2021, 06:28:29 AM
Quote from: affeman on January 06, 2021, 04:42:54 AM
This. There's an interesting interview with Craig Wright, who is rumored to be (part of) Satoshi (the Bitcoin creator). When he's asked that he's technically a billionaire because of his assets in BTC he says that this number is just theoretically because he alone is holding such a large amount of total BTC that if he decided to sell it off the price would immediately crush to 50 % or so :D

Basically, the run could be over in the blink of an eye, the only question is if you're among the lucky guys who were selling beforehand or not (and this has nothing to do with knowledge or skills, but purely with luck lol; there are others deciding whether the BTC is going to crash or not, not you ;)).



Lmao. Yeah sure. Lost brain cells watching that.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on January 06, 2021, 08:47:46 AM
Quote from: Bindare_Dundat on January 06, 2021, 06:26:15 AM
While you guys debate, some of us are making money  on bitcoin, etherum and juggling around funds in the smaller market cap coins. Lol

Keep doubting
It's Monopoly money.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on January 06, 2021, 08:52:35 AM
Quote from: Humble Narcissist on January 06, 2021, 08:47:46 AM
It's Monopoly money.

It's not, Goodrum has just sold off his assets and is a wealthy man now ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on January 06, 2021, 08:54:05 AM
Quote from: affeman on January 06, 2021, 08:52:35 AM
It's not, Goodrum has just sold off his assets and is a wealthy man now ;D
That's right.  That $1500 will turn his house into a castle.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on January 06, 2021, 09:19:11 AM
$ 35,556.20
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 06, 2021, 11:35:56 AM
Quote from: Humble Narcissist on January 06, 2021, 08:47:46 AM
It's Monopoly money.

Yeah monopoly money. Lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on January 06, 2021, 01:19:04 PM
$ 36,301.61
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 06, 2021, 04:46:43 PM
Quote from: affeman on January 06, 2021, 04:42:54 AM
This. There's an interesting interview with Craig Wright, who is rumored to be (part of) Satoshi (the Bitcoin creator). When he's asked that he's technically a billionaire because of his assets in BTC he says that this number is just theoretically because he alone is holding such a large amount of total BTC that if he decided to sell it off the price would immediately crush to 50 % or so :D

Basically, the run could be over in the blink of an eye, the only question is if you're among the lucky guys who were selling beforehand or not (and this has nothing to do with knowledge or skills, but purely with luck lol; there are others deciding whether the BTC is going to crash or not, not you ;)).


Well-known Australian scammer and fraudster who claims to be Satoshi (but has never provided a shred of proof) and lives like a pauper despite his alleged "wealth".
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 06, 2021, 04:49:46 PM
Lets look back at another of Mr A's nuggets of wisdom he shared with us back in the day...

Quote from: Mr Anabolic on November 10, 2017, 04:10:43 AM (Bitcoin price @ $6570)

You are fantasizing.

As I mentioned earlier in this thread... when the avalanche of sell orders come in and everyone is looking for an exit at the same time... they not be able to sell and most will get their faces ripped off.   You'll be saying to yourself: "Why the fuck didn't I sell at $7800?"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 06, 2021, 05:14:16 PM
Quote from: gib on January 06, 2021, 04:49:46 PM
Lets look back at another of Mr A's nuggets of wisdom he shared with us back in the day...

You know when it crashes next week he will come in here and rip into you yeah?  lol

His prediction for this next crash was a price bottom $3,000. He posted that a few pages back.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 06, 2021, 06:30:25 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 06, 2021, 06:53:06 PM
Quote from: Mayday on January 06, 2021, 05:14:16 PM
You know when it crashes next week he will come in here and rip into you yeah?  lol

His prediction for this next crash was a price bottom $3,000. He posted that a few pages back.

Yes, he is confused between volatility and a long term trend. (This is indeed why I typically use a 30 day moving average for BTC as opposed to referencing the latest high by the second when I respond to him with latest price).

If we believe BTC will achieve parity (or eventually surpass) gold in market cap, and in effect become the global reserve currency, the road upwards will of course be volatile. One would expect the same trend in the emergence of globally dominant stocks (indeed we saw this in all of the FANGS on their journey to date).

So yes, Mr A will come back with some nonsense such as "see I told you, its crashing!" if we see BTC fall 10-20% from its current levels. What he will fail to mention is that even a fall back to $30,000 would put BTC still 10,000 % HIGHER then when he first claimed BTC was a bubble at the $300 level.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 06, 2021, 06:53:26 PM
Quote from: gib on January 06, 2021, 06:30:25 PM



Great channel
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on January 07, 2021, 05:01:16 AM
Total crypto market cap:  $ 1.029.131.094.338
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 07, 2021, 06:05:19 AM
What we are (quite possibly witnessing) is the actual birth of a brand new global currency. Its something we have never really seen before. Gold served this function to some extent, but the development of this new currency in the internet/digital era makes this potentially so much more powerful. The next decade could be mind-blowingly amazing for BTC, and indeed could change and revolutionize the entire way we look at money, finance, store of value, transfer of value, and beyond that the structure of society. BTC is quantitative tightening, in a world of quantitative easing. BTC is a global bank account in the hands of every person who has a phone.

I can only say again and again. If certain factors play out, 1-coiners (the people who have a whole Bitcoin to their name), will be an a truly elite class of wealth, who have vast financial power (and associated privileges) above all others. If all pans out over the next decade, the price of BTC now will be a blip compared to what it is in the future. Imagine being an early investor in Apple or Google or Amazon. Right now, we are really just in "series A" financing - ie the level after the initial VCs have invested, with many more phases of growth ahead.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: epic is back on January 07, 2021, 06:44:06 AM
Quote from: Humble Narcissist on January 06, 2021, 08:54:05 AM
That's right.  That $1500 will turn his house into a castle.

he is quite comical isnt he

house with wheels


zooooooomm!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on January 07, 2021, 06:54:50 AM
'' less than 2 % of accounts control 95 % of all available Bitcoin supply ''
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 07, 2021, 07:06:15 AM
Quote from: DooM_ on January 07, 2021, 06:54:50 AM
'' less than 2 % of accounts control 95 % of all available Bitcoin supply ''



The real question is...how much of that is the Federal Reserve?  ;)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 07, 2021, 07:35:28 AM
Kraken Exec: Institutions and Retail Will Put Trillions of Dollars Into Bitcoin

Recently, Dan Held, Head of Growth at crypto exchange Kraken, explained why he believes the price of Bitcoin is set to go much higher in the next couple of years.

According to a report by The Daily HODL, in a video released on his YouTube channel last Tuesday, Held said that this Bitcoin cycle is very different all of the previous cycles:

“What’s really unique about this cycle though, and I’ve been around for all the other cycles… this one is very different. Never before has it had such strong fundamentals against a macro backdrop which highlights exactly why it’s needed…

“Never before have we seen Dutch GDP ratios like this. Never before have we seen inflation this high. It is truly unprecedented. This is what’s so interesting that folks don’t think that they need Bitcoin until this moment happens when it shakes them out of their reality and they go ‘Oh, I get why Bitcoin’s valuable.’ Just like getting earthquake insurance. Most people don’t think about getting earthquake insurance until an earthquake hits… And Bitcoin is exactly like that, it’s insurance against money and devaluing of money by governments and the lack of trust of banks.“

Held also explained why institutions are finally investing in Bitcoin:

“So Covid brought Bitcoin’s focus and value and made it really obvious for the world. And because of that, a new participant entered, the institutions… Institutions post-Covid were searching for a safe store of value. You’ve got $18 trillion of negatively yielding sovereign debt and Bitcoin offers such a greater value than gold… These institutions manage over a $100 trillion…

“What’s going to happen in 2021 and 2022 when everywhere you can buy Bitcoin: every bank, every brokerage. All that pent up purchasing and demand for Bitcoin flows into the market. So you get the institutions and retail who are going to flow trillions of dollars into Bitcoin over the next couple of years. And that’s why I think this is a supercycle. What happens when ownership of Bitcoin moves from 0.01% of the world to 1%? A 100x increase. Price will move much more than that.“

https://www.cryptoglobe.com/latest/2021/01/kraken-exec-institutions-and-retail-will-put-trillions-of-dollars-into-bitcoin/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on January 07, 2021, 10:58:04 AM
$ 38,043.61
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 07, 2021, 01:01:18 PM
Quote from: FitnessFrenzy on January 07, 2021, 10:58:04 AM
$ 38,043.61

Tapped over 39k already today.

Conservatively I’d expect the weekly data to show a wick of 44k and close of 41k.

Being more optimistic I’d suggest a 40k close today then on Saturday a wick of 49k and close of 44k.

Intraday shows large volume BTC dumps.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 07, 2021, 01:05:20 PM
Quote from: DooM_ on January 07, 2021, 06:54:50 AM
'' less than 2 % of accounts control 95 % of all available Bitcoin supply ''

Exactly the same as every other asset class.

2% / 98% is a well known universal rule.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 07, 2021, 04:43:15 PM
Quote from: DooM_ on January 07, 2021, 06:54:50 AM
'' less than 2 % of accounts control 95 % of all available Bitcoin supply ''

If this is supposed to be a criticism of BTC, it not only is misguided, but its also incorrect.

Lets use some common sense here and look at the evolution of gold. The very first person ever to find gold had 100% of all available gold. The second person to find (or receive) had either 0-100% of the total available gold, depending on the amount he received, and on it went. When a new and decentralized currency is born, you will always see a concentrated distribution that then is slowly dissipated. Think about how the energy of a rock thrown into a lake radiates waves, or how a drop of dye in a bucket of water slowly dissipates from its originally centralized source.

Second, bear in mind that the global concentration of wealth in fiat currency is highly skewed. I am sure you have heard the phrase of 1% of people owning "99% of the world's total wealth". (One reason for this is that fiat money is "printed" at a centralized source, and those closest to the source (leaders, politicians, bankers, power players etc) get the greatest access to it before it "trickles down" (only to be effectively stolen by those in power by further printing of it).

Third, it is not (for a range of reasons) possible to actually accurately measure BTC's individual ownership concentration. But a more likely correct estimate that around 80% of BTC in the top 20% of holders of BTC. Bear in mind also that such stats can be skewed due to "lost coins" of earlier holders, and of course Satoshi's stash (which one can equate with a ship of gold lost in the ocean, that we know exists, but that we also know that no-one is ever going to find). What we do know is that the masses are increasingly getting some BTC adoption, and that the total number of individual holders is rapidly growing. But this will become increasingly more expensive over time. One can still get 1000 Satoshi's for around USD 39 cents, but we an expect Satoshis to get for more expensive over time if demand for them grows. But the class of global "one-coiners" is becoming increasingly rare.

DooM - It is good to be skeptical of things, and to carefully question investment options, but we should not make (or blindly repeat) false statements, or draw incorrect conclusions. Having said that, good on you for raising this concern here, and allowing me to address it. (This 2% / 98% claim was was not one of the many false "objections" Mr A raised back in the day on his journey to Bitcoin acceptance, so I am glad it could be addressed now by me here...

This article may be of interest to anyone interested in the BTC concentration topic:

https://www.bitcoinsuisse.com/research/decrypt/distribution-of-stores-of-value
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on January 08, 2021, 04:38:15 AM
$ 41,754.23
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 08, 2021, 04:49:26 AM
As Bitcoin (BTC) Hits $40,000, Grayscale Sees Rising Interest From Pension Funds and Endowments



In a massive crypto market rally, Bitcoin (BTC) price surged all the way to $40,000 hitting a new all-time high. The massive rally came on Thursday, January 7 when BTC added $5000 to its price in a single day moving from under $35K to all the way up to $40K.

Also, with the current price rally, BTC extends its weekly as well as year-to-date gains to more than 30%. Another important milestone that Bitcoin (BTC) has achieved over a $700 billion market cap almost the size of Tesla (NASDAQ: TSLA).

While all this excitement continues, one thing that remains constant about Bitcoin is the rising institutional interest! The world’s biggest Bitcoin asset manager Grayscale continues to see major interest coming from big market players. Grayscale Investments LLC’s newly appointed CEO Michael Sonnenshein said that they are seeing a huge interest recently from pension funds and endowments.

    “We’ve started to see participation not just from the hedge fund segment, which we’ve long seen participation from, but now it’s recently from other institutions, pensions and endowments. The sizes of allocations they are making are growing rapidly as well,” he said.

Grayscale has engineered out a smart way of letting investors gain exposure to cryptocurrencies without directly buying them. The digital asset manager packs cryptocurrencies as shares of the trust and sells those shares to investors. The Grayscale Bitcoin Trust (GBTC) is one of the biggest Bitcoin funds currently with more than $23 billion in assets under management. GBTC currently holds nearly 3% of the total Bitcoin (BTC) supply or 607.27K BTCs under management.

Apart from Bitcoin (BTC), Grayscale has several other cryptocurrency products under the belt with net assets under management at $27 billion. But as we can see the GBTC alone contributes 85% of its total crypto holdings.

Sonnenshein has already played an instrumental role in bringing new investors and expand its offerings. In an interview with Fortune, he said that as the CEO, he plans to bring more crypto products to Grayscale and further strengthen the brand. “I want to make Grayscale synonymous with digital investing like Pimco is with fixed income and Vanguard is with index funds,” he said.



https://coingape.com/stratis-brings-blockchain-as-a-service-to-all-businesses-via-its-c-native-platform/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on January 08, 2021, 05:04:02 AM
Roubini: Bitcoin's 'hyperbolic bubble is going to go bust'

Famed economist Nouriel Roubini says that Bitcoin and other cryptocurrencies, which he’s dubbed as “shitcoins,” have no place in retail or institutional investor portfolios.

“First of all, calling it a currency — it’s not a currency. It’s not a unit of account, it’s not a means of payment.…it’s not a stable store of value. Secondly, it’s not even an asset,” Roubini said.

According to Roubini, Bitcoin has no intrinsic value. He pointed out that assets — bonds, stocks, real estate, or precious metals — either provide income, capital gains or some form of utility.

“While in the case of Bitcoin, there is no income,” he said. “There is no use. There is no utility. The only thing is a speculative, self-fulfilling kind of rise, and that rise is driven totally by manipulation.”

Roubini noted that there’s academic research to suggest that “this pseudo stable coin Tether has been created by fiat” and is “used literally to manipulate the price of Bitcoin.”

“The price of Bitcoin is totally manipulated by a bunch of people, by a bunch of whales. It doesn’t have any fundamental value,” he said. “We’re close to the point where the hyperbolic bubble is going to go bust.”

https://finance.yahoo.com/news/nouriel-roubini-says-bitcoin-bubble-will-go-bust-144807645.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 08, 2021, 05:57:15 AM
Quote from: DooM_ on January 08, 2021, 05:04:02 AM
Roubini: Bitcoin's 'hyperbolic bubble is going to go bust'

Famed economist Nouriel Roubini says that Bitcoin and other cryptocurrencies, which he’s dubbed as “shitcoins,” have no place in retail or institutional investor portfolios.

“First of all, calling it a currency — it’s not a currency. It’s not a unit of account, it’s not a means of payment.…it’s not a stable store of value. Secondly, it’s not even an asset,” Roubini said.

According to Roubini, Bitcoin has no intrinsic value. He pointed out that assets — bonds, stocks, real estate, or precious metals — either provide income, capital gains or some form of utility.

“While in the case of Bitcoin, there is no income,” he said. “There is no use. There is no utility. The only thing is a speculative, self-fulfilling kind of rise, and that rise is driven totally by manipulation.”

Roubini noted that there’s academic research to suggest that “this pseudo stable coin Tether has been created by fiat” and is “used literally to manipulate the price of Bitcoin.”

“The price of Bitcoin is totally manipulated by a bunch of people, by a bunch of whales. It doesn’t have any fundamental value,” he said. “We’re close to the point where the hyperbolic bubble is going to go bust.”

https://finance.yahoo.com/news/nouriel-roubini-says-bitcoin-bubble-will-go-bust-144807645.html

Hes been saying this forever. Don't think ge fuly grasps bitcoin. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 08, 2021, 06:00:01 AM
There has to be a big pullback coming very soon.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on January 08, 2021, 06:15:14 AM
Quote from: Bindare_Dundat on January 08, 2021, 06:00:01 AM
There has to be a big pullback coming very soon.


why?zoom out and set the chart to logarithmic, we just came out of a 2 year bear market.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 08, 2021, 07:25:23 AM
Quote from: Bindare_Dundat on January 08, 2021, 06:00:01 AM
There has to be a big pullback coming very soon.

On what basis do you predict this to occur? BTC is in super scarce supply. There is huge demand for BTC by institutions and HNWs. And BTC has barely been opened to mass retail investors. So arguably, if anything, there has to be massive upside ahead (albeit with blips of mini-selloffs along the way.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on January 08, 2021, 07:26:01 AM
Quote from: gib on January 08, 2021, 07:25:23 AM
On what basis do you predict this to occur? BTC is in super scarce supply. There is huge demand for BTC by institutions and HNWs. And BTC has barely been opened to mass retail investors. So arguably, if anything, there has to be massive upside ahead (albeit with blips of mini-selloffs along the way.

this
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on January 08, 2021, 07:35:19 AM
(https://specials-images.forbesimg.com/imageserve/5fb3da80dd65b4fbb8ae4d97/960x0.jpg?fit=scale)


looks legit . . . nothing to be worried about . . . ! !
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 08, 2021, 07:39:57 AM
Quote from: DooM_ on January 08, 2021, 07:35:19 AM
(https://specials-images.forbesimg.com/imageserve/5fb3da80dd65b4fbb8ae4d97/960x0.jpg?fit=scale)


looks legit . . . nothing to be worried about . . . ! !

Two words to help you get perspective.

"Zoom out".
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on January 08, 2021, 07:50:58 AM
(https://d1-invdn-com.akamaized.net/content/pic485b825dd8199cd4d50b405ae8f751d9.png)


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on January 08, 2021, 08:02:05 AM
Butcoin will crash when the Twins and that other asshole decide to dump.  Right now those guys are multi billionaires on paper and will ride this higher and eventually cash out.  That can be soon or a while. who knows.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on January 08, 2021, 12:22:10 PM
Quote from: Bindare_Dundat on January 08, 2021, 06:00:01 AM
There has to be a big pullback coming very soon.
I would definitely be selling the majority of my Bitcoin.  Keep some in for continued growth.  When this thing crashes there are going to be some devastated investors.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 08, 2021, 12:28:20 PM
Quote from: Humble Narcissist on January 08, 2021, 12:22:10 PM
I would definitely be selling the majority of my Bitcoin.  Keep some in for continued growth.  When this thing crashes there are going to be some devastated investors.

Im not worried about devastation at all. I just don't like seeing anything moving up this fast. Its nuts.  Like you said I'll sell some at these highs and wait a bit. Grab some more  on the next drop. There's an long way to go here.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 08, 2021, 07:17:24 PM
Quote from: Mr Anabolic on November 19, 2017, 11:22:58 AM (Bitcoin Price $8033)

"Banksters will be able to naked short bitcoins and drive the price down like they do with precious metals.

Gonna be interesting when it collapses $1000's in a few minutes and you didn't even take profits on one.  You'll disappear... never to post in this thread again."


So... We are all still here Mr Anabolic. And your fears about "naked shorts" did not eventuate. So, who was it that ended up cowardly disappearing "never to post on this thread again". :) lol

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 08, 2021, 07:29:57 PM
Quote from: DooM_ on January 08, 2021, 07:50:58 AM
(https://d1-invdn-com.akamaized.net/content/pic485b825dd8199cd4d50b405ae8f751d9.png)


Hahahaha. Yep. Wash, rinse and repeat the greater fool theory.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 08, 2021, 08:03:04 PM
Quote from: DooM_ on January 08, 2021, 07:35:19 AM
(https://specials-images.forbesimg.com/imageserve/5fb3da80dd65b4fbb8ae4d97/960x0.jpg?fit=scale)


looks legit . . . nothing to be worried about . . . ! !

Looks like tesla.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 08, 2021, 09:46:13 PM
Quote from: Humble Narcissist on January 08, 2021, 12:22:10 PM
I would definitely be selling the majority of my Bitcoin.  Keep some in for continued growth.  When this thing crashes there are going to be some devastated investors.

If you take the view that BTC will approach of surpass gold in market cap, then you have a 20x increase from here. And if so, "corrections" along the way are mere blips in a overall one-directional journey. It is far far harder to predict the exact path that will be taken along a journey, than it is to predict the final destination. If you believe you can predict ups and downs of BTC along the way, every "overbought and underbought" signal etc, and if you believe you can truly apply "technical to such an asset" I wish you luck. It's certainly not something I am capable of and I am very skeptical of anyone else's ability to do so, other than highly skilled and resourced quants.

I am quite happy placing a long term bet on Bitcoin, not just because of the possibility huge and asymmetric of long term upside, but also because I want exposure to this asset as protection against a range of future risks.

We have another halvening in less than for years from now, and in the meantime a wall of fiat capital slowly being released and realized as our clunky banks and pensions funds etc who will start slowly buying in. We have huge infrastructure efforts on the verge of being rolled out opening up BTC to the masses in global payment systems.

I do very well understand the sentiment of "taking a quick gain" if something seems to have risen too fast. Its something we have been conditioned to think, almost as though we didn't "deserve" such a quick gain, or that if something gains fast it must inherently be overvalued.

I could sell off one or more of my 50 coins, and standard portfolio management dictates that when one asset class becomes overweight you rebalance. On the other hand, as Charlie Munger once said, "only people who don't know what they are doing run balanced portfolios". :)

The reality many BTC owners have, is "what would I do with the cash"? In my case, I really don't feel too comfortable holding any more fiat cash at the moment given all that is going on and how rapidly cash is being devalued through money printing backed by debt that cannot be repaid. I feel equities, (at least in the US are vastly over-valued). I might possibly buy more in Europe or Asia. More property is simply a hassle, inefficient in terms of acquiring and divesting, and produces a low yield. Bonds? No way. Gold? - I have more than enough and am less comfortable with this than BTC for obvious reasons. Pay off a little debt? Possibly but cost of finance is virtually zero at the moment. And so on it goes.

Given all that is going on in the world, politically, and in finance, and in technology, BTC is in my view possibly the most important assets to be holding if certain scenarios play out. For those who have the ability to become or remain a One-coiner, my advice is to acquire at least that one coin and then simply HODL. If not a whole coin, get some Satoshies and work your way up towards as much of a coin as you can. No doubt though, there will be some volatility in price along the way.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 09, 2021, 04:46:16 AM
Bitcoin Is ‘Less Risky the Higher It Goes,’ Says Investor Bill Miller on CNBC


 “One of the things that’s interesting about bitcoin is that it gets less risky the higher it goes,” Miller told CNBC Friday. “That’s the opposite of what happens with most stocks.”

Miller continued to describe bitcoin as “a supply-and-demand story” with roughly 900 bitcoins created each day and a swarm of retail and institutional investors scooping up enormous chunks of available supply.

Some of those large investments have come from firms like MicroStrategy, which has scooped up over 70,000 BTC with plans to buy more, and London-based asset manager Ruffer Investment, which dumped $740 million into bitcoin toward the end of 2020.

Payment companies like Square and PayPal are also funneling retail capital into bitcoin. In Q3 2020, for example, Square reported a record $1 billion in bitcoin revenue via its Cash App mobile wallet. PayPal, after announcing its plan to support bitcoin and other cryptocurrencies in October, promptly removed its waitlist for the service less than a month later, citing overwhelming demand.


“For those people who are waiting for the pullback, they got it in the first quarter. You could have bought bitcoin at $4,000 in the first quarter,” Miller noted, referencing bitcoin’s nearly 50% intraday crash in March 2020.

But amid bitcoin’s more than 300% rally in 2020, extended by an additional 40% gain already in 2021, Miller said the price of these returns is the asset’s volatility.

“You have to expect that it’s going to be very, very volatile,” Miller told CNBC. “If you can’t take the volatility, you probably shouldn’t own it. But its volatility is the price you pay for its performance.”

Still, Miller said earlier this week he thinks markets are underpricing bitcoin’s value proposition as a potential inflation hedge, calling it cash’s “rat poison,” a term Warren Buffett famously applied to bitcoin with an entirely opposite connotation.

 https://www.coindesk.com/bitcoin-bill-miller-cnbc-volatility-risk
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 10, 2021, 09:48:51 AM
Quote from: gib on January 08, 2021, 07:25:23 AM
On what basis do you predict this to occur? BTC is in super scarce supply. There is huge demand for BTC by institutions and HNWs. And BTC has barely been opened to mass retail investors. So arguably, if anything, there has to be massive upside ahead (albeit with blips of mini-selloffs along the way.

Think we're seeing it now
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 10, 2021, 11:17:28 AM
Quote from: Bindare_Dundat on January 10, 2021, 09:48:51 AM
Think we're seeing it now

My estimate was a 44k wick with a 41k close and we saw a 42k wick with a 41.5k close. Pretty close.

I jumped ship at 40.5k. I exited ETH last night at 1290. I was holding ETH but after a massive attack on BTC and ETH seeing an 8% drop in about 30s I can’t take the stress and exited. I saw no point in holding anything today, ETH won’t ramp until BtC settles down.

BTC has support at 38200 and 37400 so it might bounce around there for the next few hours. Under that it’s 34k.

Weekly charts refresh in 5hrs which will determine BTCs fate. Not long to figure out if it has any chance of recovery.

I’m waiting out the volatility on BTC so that ETH can ramp. I think once BTC hits 34k and takes a break, ETH will go to 1,800.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 10, 2021, 11:32:05 AM
I took profit at the time I called for a pull back a few posts back. Still hanging to.my ethereum but I agree with you.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 10, 2021, 12:03:57 PM
Quote from: Bindare_Dundat on January 10, 2021, 11:32:05 AM
I took profit at the time I called for a pull back a few posts back. Still hanging to.my ethereum but I agree with you.

This week has been brutal wrecking of shorts. Then wrecking longs. Carnage.

At the start of the week the chat was moving crazy fast with bulls. People claiming any upward movement was going to 60k, the most retarded stuff from people buying in at 40k. By mid week after multiple attacks it became 50/50 bull to bear.

These last 2 days it’s been 100% bearish. Everyone slamming ‘shitcoins’. All the bulls wiped out. They got wrecked.


I’m waiting for an opportunity on ETH but I don’t know the trend well enough. I keep hearing ‘alt season’ but mofo they are all burning lol !!!  Maybe it’s a bounce from 980? Or is it a complete pullback to 500 and bounce?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 10, 2021, 02:00:38 PM
Quote from: Mayday on January 10, 2021, 12:03:57 PM
This week has been brutal wrecking of shorts. Then wrecking longs. Carnage.

At the start of the week the chat was moving crazy fast with bulls. People claiming any upward movement was going to 60k, the most retarded stuff from people buying in at 40k. By mid week after multiple attacks it became 50/50 bull to bear.

These last 2 days it’s been 100% bearish. Everyone slamming ‘shitcoins’. All the bulls wiped out. They got wrecked.


I’m waiting for an opportunity on ETH but I don’t know the trend well enough. I keep hearing ‘alt season’ but mofo they are all burning lol !!!  Maybe it’s a bounce from 980? Or is it a complete pullback to 500 and bounce?

Who really knows? Lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 10, 2021, 09:40:36 PM
Quote from: Bindare_Dundat on January 10, 2021, 02:00:38 PM
Who really knows? Lol

I think I do now.

BTC will hit 46k by the end of the week.

BTC sitting at 35k right now. It either ramps from here or it drops to 32k-33k and ramps from there.

It will tap 46k+ and blow out.....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 11, 2021, 01:08:49 AM
Quote from: Mayday on January 10, 2021, 09:40:36 PM
I think I do now.

BTC will hit 46k by the end of the week.

BTC sitting at 35k right now. It either ramps from here or it drops to 32k-33k and ramps from there.

It will tap 46k+ and blow out.....

I'm buying some more sometime  later today regardless of price. Were close to bottoming. Don't know about 46 though
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on January 11, 2021, 04:57:25 AM
$ 34,187.44
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 11, 2021, 05:04:05 AM
Quote from: FitnessFrenzy on January 11, 2021, 04:57:25 AM
$ 34,187.44

Its.meeting some resistance around here. Maybe a bit lower before reversal. I'll grab then and hold
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on January 11, 2021, 05:07:31 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on January 11, 2021, 05:11:12 AM
Bitcoin’s Biggest Plunge Since March Shakes Faith in Crypto Boom

(Bloomberg) -- A steep selloff in Bitcoin is fueling concern that the cryptocurrency bubble may be about to burst.

Bitcoin slid as much as 21% over Sunday and Monday in the biggest two-day slide since March. While the digital token recovered some of the losses during the European session, it was still down for the day.

“It’s to be determined whether this is the start of a larger correction, but we have now seen this parabola break so it might just be,” said Vijay Ayyar, head of business development with crypto exchange Luno in Singapore.

Bitcoin has more than quadrupled in the past year, evoking memories of the 2017 mania that first made cryptocurrencies a household name before prices collapsed just as quickly. Prices almost reached $42,000 on Jan. 8 with retail traders and Wall Street investors clamoring for a piece of the action.

Bitcoin slid 6.2% to $35,555.59 as of 10:37 a.m. in London.

“Time to take some money off the table,” Scott Minerd, chief investment officer with Guggenheim Investments, said in a tweet from his verified Twitter account. “Bitcoin’s parabolic rise is unsustainable in the near term.” In late December, Minerd predicted Bitcoin could eventually reach $400,000.

True believers in Bitcoin argue the rally this time is different from past boom-bust cycles because the asset has matured with the entry of institutional investors and is increasingly seen as a legitimate hedge against dollar weakness and inflation risk. Others worry that the rally is untethered from reason and fueled by vast swathes of fiscal and monetary stimulus, with Bitcoin unlikely to ever serve as a viable currency alternative.

With so many investors wanting to get rich on Bitcoin, the asset is drawing the attention of regulators. On Monday, the U.K.’s financial watchdog issued a stark warning for consumers looking to profit from crypto: be ready to lose everything.

“Investing in cryptoassets, or investments and lending linked to them, generally involves taking very high risks with investors’ money,” the Financial Conduct Authority said in a statement. The FCA’s concerns include price volatility, the complexity of products offered and the lack of consumer protection regulation around many of the products.


https://au.finance.yahoo.com/news/two-day-bitcoin-plunge-shakes-052239155.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 11, 2021, 05:43:42 AM
The get rich quick crowd have no guts for losses. Will go down faster than up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on January 11, 2021, 05:56:23 AM
I love these guys who own lots of bitcoin predict prices like $200k or $500K.   I would love to hear someone who doesn't own bitcoin to make a real prediction.

At this point it's a retard buy.  You can put money into stocks and make more money than bitcoin.  Those that bought a couple years ago are laughing but buying today is idiotic. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 11, 2021, 06:03:18 AM
Quote from: SOMEPARTS on January 11, 2021, 05:43:42 AM
The get rich quick crowd have no guts for losses. Will go down faster than up.


THIS
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on January 11, 2021, 06:37:40 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 11, 2021, 06:55:13 AM
Quote from: Bindare_Dundat on January 08, 2021, 06:00:01 AM
There has to be a big pullback coming very soon.

Shaking out a few more weak stomachs. Still believe it'll be a great buying opportunity for long term. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on January 11, 2021, 07:23:17 AM
Quote from: El Diablo Blanco on January 11, 2021, 05:56:23 AM
Those that bought a couple years ago are laughing but buying today is idiotic.

And you dont think those that buy today wont be laughing in 2 years? How much sooner than 2 years do you want great gains? Have people really got that impatient? The above quote is exactly why 95% of investors fail, they overreact in the short term and underestimate the long term.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 11, 2021, 08:04:30 AM
I'm back in.

Flame away.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on January 11, 2021, 08:12:45 AM
Bitcoin holders barred from depositing profits in UK banks

The UK Times had a piece up over the weekend (Saturday) on some UK banks not accepting transfers from BTC exchanges.

Some banks will not accept transfers from bitcoin exchanges. HSBC, one of the biggest banks in the country, does not process cryptocurrency payments or allow customers to bank money from digital wallets. While other leading banks will accept transfers from digital wallets to current accounts, many will not allow customers to use their credit cards to buy or sell bitcoin.

https://www.forexlive.com/Cryptocurrency/!/old-news-icymi-bitcoin-holders-barred-from-depositing-profits-in-uk-banks-20210110
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 11, 2021, 08:23:00 AM
Quote from: Army of One on January 11, 2021, 07:23:17 AM
And you dont think those that buy today wont be laughing in 2 years? How much sooner than 2 years do you want great gains? Have people really got that impatient? The above quote is exactly why 95% of investors fail, they overreact in the short term and underestimate the long term.



The tech will be 2 more years outdated. An eternity of risk.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on January 11, 2021, 08:23:07 AM
Quote from: Army of One on January 11, 2021, 07:23:17 AM
And you dont think those that buy today wont be laughing in 2 years? How much sooner than 2 years do you want great gains? Have people really got that impatient? The above quote is exactly why 95% of investors fail, they overreact in the short term and underestimate the long term.

Nope.  Buying at $40K is not going to yield that much more profit. The odds of doubling your money now is not going to happen. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on January 11, 2021, 08:32:09 AM
Bank of America Predicts 'Mother of All Bubbles' for Bitcoin

Bitcoin’s recent rally has worried a number of prominent financial analysts who warned of a huge bubble. Among them is Michael Hartnett, chief investment strategist at Bank of America Securities.

He explained on Friday that the recent surge in bitcoin’s price may be another case of a speculative mania, emphasizing that bitcoin looks like “the mother of all bubbles.” The strategist believes that “violent” inflationary price action in markets helped bitcoin’s rally in the last two months. Hartnett noted that bitcoin has outperformed other assets in the past few decades with its price surging about 1,000% since the beginning of 2019.

Bitcoin “blows the doors off prior bubbles,” he said, holding its performance up to other past bubbles. They include a surge in gold prices of more than 400% in the late 1970s, Japanese stocks in the late 1980s, and Thailand’s stock market in the mid-1990s. He also compared bitcoin’s rally to dot-coms in the late 1990s and housing prices in the mid-2000s. The strategist pointed out that those sectors saw triple-digit percentage gains before crashing down.

The Bank of America strategist did not say that the price of bitcoin will plunge like other bubbles in the past. However, he noted that the surge in prices of cryptocurrencies is another example of “increasingly speculative” investing behavior.


https://news.bitcoin.com/bank-of-america-predicts-mother-of-all-bubbles-bitcoin/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 11, 2021, 08:32:11 AM
Quote from: DooM_ on January 11, 2021, 08:12:45 AM
Bitcoin holders barred from depositing profits in UK banks

The UK Times had a piece up over the weekend (Saturday) on some UK banks not accepting transfers from BTC exchanges.

Some banks will not accept transfers from bitcoin exchanges. HSBC, one of the biggest banks in the country, does not process cryptocurrency payments or allow customers to bank money from digital wallets. While other leading banks will accept transfers from digital wallets to current accounts, many will not allow customers to use their credit cards to buy or sell bitcoin.

https://www.forexlive.com/Cryptocurrency/!/old-news-icymi-bitcoin-holders-barred-from-depositing-profits-in-uk-banks-20210110

HSBC is one of the most crooked institutions around. Laundering galore.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on January 11, 2021, 08:47:24 AM
Massive crash!

$30,466.25
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on January 11, 2021, 08:53:42 AM
Quote from: FitnessFrenzy on January 11, 2021, 08:47:24 AM
Massive crash!

$30,466.25


Not at all don't you know gib sold everything and 40k and as soon as the bottom is in gib will come back on and say a purchase was made 10k below current levels...


pump and dump , rinse and repeat
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on January 11, 2021, 08:59:27 AM
Quote from: TheGrinch on January 11, 2021, 08:53:42 AM

Not at all don't you know gib sold everything and 40k and as soon as the bottom is in gib will come back on and say a purchase was made 10k below current levels...


pump and dump , rinse and repeat

Gib sold all his crypto and the market crashed.

He's like a james bond villain
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on January 11, 2021, 09:00:34 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on January 11, 2021, 09:48:34 AM
Quote from: a_pupil on January 11, 2021, 08:59:27 AM
Gib sold all his crypto and the market crashed.

He's like a james bond villain

He apparently had the market cornered

(https://2.bp.blogspot.com/-lBMZzJS7CQA/UsgiP98RFxI/AAAAAAAACL8/tRxlECwx6T8/w1200-h630-p-k-no-nu/trading+places+2.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 11, 2021, 12:26:31 PM
(https://i.guim.co.uk/img/static/sys-images/Guardian/Pix/pictures/2014/3/7/1394161988469/d31775e2-b02f-4cc4-b733-37a7e552a50b-2060x1236.jpeg?width=1200&height=1200&quality=85&auto=format&fit=crop&s=d43870839c96004bb0d7c42bccb6dbb1)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 12, 2021, 12:37:47 AM
You bears are gunna get wrecked for the next few months if you think this is over.

*Edit - epic bull run approaching fast.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 12, 2021, 06:21:24 AM
Kentucky Bill Seeks to Lure Crypto Miners With Tax Breaks


Two Kentucky lawmakers have called upon the commonwealth to offer tax breaks to cryptocurrency miners seeking to tap into the energy rich region.

 General Assembly Representatives Steven Rudy and Chris Freeland’s bill introduced last week would exempt “commercial cryptocurrency miners” from paying 6% sales taxes or 6% excise taxes on their rigs’ electric bills and mining equipment.

 Kentucky “has an opportunity to become a national leader” in crypto mining because of its low energy rates and abundant supply, said the bill. Tax breaks would help the Commonwealth further compete.

The Republican lawmakers submitted their 13-page bill to the General Assembly on Jan. 8, where it now sits in committee. Neither representative responded to a request for comment.

 https://finance.yahoo.com/news/kentucky-bill-seeks-lure-crypto-225429315.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 12, 2021, 06:25:31 AM
Quote from: Bindare_Dundat on January 11, 2021, 08:04:30 AM
I'm in.

Flame away.

If you focus on the revolutionary fundamentals of Bitcoin and the increasing adoption that we are seeing weekly, then the people on the sidelines who point and sputter about price drops really become irrelevant.

Yes, it is still a fantastic time to buy.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on January 12, 2021, 06:29:34 AM
Bitcoin is back above $36,000 but big investors are wary - Mark Cuban says crypto is 'exactly' like the dot-com bubble of the 1990s

The Bitcoin price recovered back to around $36,000 on Tuesday, as the cryptocurrency market recovered from Monday's plunge, but volatility remains high and superstar investor Mark Cuban warned the recent rise is a "bubble" that could be ruinous.

Bitcoin fell as much as 20% on Sunday and Monday to just above $30,000 in a wave of profit-taking after the currency's spectacular rally. Investor nerves and a higher dollar also hit crypto-confidence.

The remarkable rise in cryptocurrencies has attracted attention from all corners of the markets. Yesterday, Cuban warned on Twitter that the "cryptos trade" is "EXACTLY like the internet stock bubble" seen in the late 1990s, which burst with disastrous consequences for many companies and investors.

Cuban warned against trusting crypto evangelists who "try to justify whatever the pricing of the day is".

"All the narratives about debasement, fiat, etc are just sales pitches. The biggest sales pitch is scarcity vs demand. That's it," he said in a tweet.

UBS analysts said in a note: "Given their high volatility and the size of their past drawdowns, cryptocurrencies might be attractive to speculative investors, but they are neither a suitable alternative to safe-haven assets, nor do they necessarily contribute to portfolio diversification."

The UK's Financial Conduct Authority yesterday said: "If consumers invest in these types of product, they should be prepared to lose all their money."
"Significant price volatility in cryptoassets, combined with the inherent difficulties of valuing cryptoassets reliably, places consumers at a high risk of losses," it added.


https://markets.businessinsider.com/currencies/news/bitcoin-price-crash-bubble-warning-dotcom-trade-crypto-mark-cuban-2021-1-1029958552
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 12, 2021, 08:30:38 AM
Quote from: DooM_ on January 12, 2021, 06:29:34 AM
Bitcoin is back above $36,000 but big investors are wary - Mark Cuban says crypto is 'exactly' like the dot-com bubble of the 1990s

The Bitcoin price recovered back to around $36,000 on Tuesday, as the cryptocurrency market recovered from Monday's plunge, but volatility remains high and superstar investor Mark Cuban warned the recent rise is a "bubble" that could be ruinous.

Bitcoin fell as much as 20% on Sunday and Monday to just above $30,000 in a wave of profit-taking after the currency's spectacular rally. Investor nerves and a higher dollar also hit crypto-confidence.

The remarkable rise in cryptocurrencies has attracted attention from all corners of the markets. Yesterday, Cuban warned on Twitter that the "cryptos trade" is "EXACTLY like the internet stock bubble" seen in the late 1990s, which burst with disastrous consequences for many companies and investors.

Cuban warned against trusting crypto evangelists who "try to justify whatever the pricing of the day is".

"All the narratives about debasement, fiat, etc are just sales pitches. The biggest sales pitch is scarcity vs demand. That's it," he said in a tweet.

UBS analysts said in a note: "Given their high volatility and the size of their past drawdowns, cryptocurrencies might be attractive to speculative investors, but they are neither a suitable alternative to safe-haven assets, nor do they necessarily contribute to portfolio diversification."

The UK's Financial Conduct Authority yesterday said: "If consumers invest in these types of product, they should be prepared to lose all their money."
"Significant price volatility in cryptoassets, combined with the inherent difficulties of valuing cryptoassets reliably, places consumers at a high risk of losses," it added.


https://markets.businessinsider.com/currencies/news/bitcoin-price-crash-bubble-warning-dotcom-trade-crypto-mark-cuban-2021-1-1029958552

Fuck him
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 12, 2021, 08:45:45 AM
Quote from: Bindare_Dundat on January 12, 2021, 08:30:38 AM
Fuck him and his common sense.


FIXED
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on January 12, 2021, 09:36:24 AM
Quote from: Bindare_Dundat on January 12, 2021, 08:30:38 AM
Fuck him

Cuban took full advantage of the .com bubble.  Sold his dumb streaming radio station for billions then a few months later it was gone.  I think Real Media bought it then realized they had shit and their bubble popped.  Cuban walked away with $4billion?  Fuck him indeed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on January 12, 2021, 10:25:06 AM
Why would anyone use Bitcoin as currency when it is always fluctuating so wildly anyway?  If you buy some shoes online for $100 worth of Bitcoin those shoes may end up costing you thousands or even millions. ;D

If people are just buying Bitcoin for the investment, what are they investing in?  Currency that no smart person would ever use and no government backs or protects?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 12, 2021, 10:33:12 AM
Quote from: Humble Narcissist on January 12, 2021, 10:25:06 AM
Why would anyone use Bitcoin as currency when it is always fluctuating so wildly anyway?  If you buy some shoes online for $100 worth of Bitcoin those shoes may end up costing you thousands or even millions. ;D

If people are just buying Bitcoin for the investment, what are they investing in?  Currency that no smart person would ever use and no government backs or protects?


Haha, 169 pages yet THIS.

If it was superior transactionally it would be far cheaper, safer and faster than VISA, etc. It's not.

If it was a store of value it would have a floor in price based on something or a bank would loan against it. It doesn't/they don't.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 12, 2021, 11:52:12 AM
Quote from: Humble Narcissist on January 12, 2021, 10:25:06 AM
Why would anyone use Bitcoin as currency when it is always fluctuating so wildly anyway?  If you buy some shoes online for $100 worth of Bitcoin those shoes may end up costing you thousands or even millions. ;D

If people are just buying Bitcoin for the investment, what are they investing in?  Currency that no smart person would ever use and no government backs or protects?

A good point.

Was it you that raised the energy one as well or someone else? That’s another good one because if this is supposed to get as big as they say, BTC has to figure out a way to become more efficient otherwise energy regulation will kill it.

The other thing that turns me off BTC is that a Chamath guy. I liked some of his stuff a while back but recently he sounds like a cultist. In a recent interview he was asked if there was any other coins that might perform well in the future and rival BTC. He replied with a blank ‘no, it’s only BTC’.  Then when asked about ethereum and the DeFi project he acts a smart ass and says never heard of DeFi, don’t know what it is. Don’t care.  Cheeky fucker.

This guy owns 5% of all BTC..... says he will buy the Hamptons when it hits 1M..... he will be the new world overlord lol.


This is generation 1 of crypto. New coins and partnerships are constantly getting done. Just like consumer products it will evolve so I’d expect the coins to shuffle places.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on January 12, 2021, 12:52:08 PM
Quote from: Humble Narcissist on January 12, 2021, 10:25:06 AM
Why would anyone use Bitcoin as currency when it is always fluctuating so wildly anyway?  If you buy some shoes online for $100 worth of Bitcoin those shoes may end up costing you thousands or even millions. ;D

If people are just buying Bitcoin for the investment, what are they investing in?  Currency that no smart person would ever use and no government backs or protects?

There were some sites selling steroid years ago accepting bitcoin.  Imagine how some idiot feels who bought a cycle for 3 bitcoin valued at $500 each which now are worth $120K.  That was some expensive cycle.  haha
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Soul Crusher on January 12, 2021, 01:16:09 PM
https://dnyuz.com/2021/01/12/lost-passwords-lock-millionaires-out-of-their-bitcoin-fortunes


This is so damn nuts. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 12, 2021, 01:29:15 PM
Quote from: El Diablo Blanco on January 12, 2021, 09:36:24 AM
Cuban took full advantage of the .com bubble.  Sold his dumb streaming radio station for billions then a few months later it was gone.  I think Real Media bought it then realized they had shit and their bubble popped.  Cuban walked away with $4billion?  Fuck him indeed.

He definitely knew how to make money,  I wasn't suggesting he was stupid. I just don't like the guy. Always came off as an arrogant dick, at least the things I heard from him.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 12, 2021, 01:30:08 PM
Quote from: Soul Crusher on January 12, 2021, 01:16:09 PM
https://dnyuz.com/2021/01/12/lost-passwords-lock-millionaires-out-of-their-bitcoin-fortunes


This is so damn nuts.

That would suck ass
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 12, 2021, 01:31:23 PM
Quote from: Soul Crusher on January 12, 2021, 01:16:09 PM
https://dnyuz.com/2021/01/12/lost-passwords-lock-millionaires-out-of-their-bitcoin-fortunes


This is so damn nuts.

(https://i.redd.it/ougmg7nduur51.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 12, 2021, 06:39:15 PM
Quote from: SOMEPARTS on January 12, 2021, 10:33:12 AM


If it was superior transactionally it would be far cheaper, safer and faster than VISA, etc. It's not.

If it was a store of value it would have a floor in price based on something or a bank would loan against it. It doesn't/they don't.

Allow me to clarify. Visa is actually well on the way to adopting BTC as an option for users to have as a base store of value. As is PayPal. As is Square. And as are many others. How it works is that BTC is underlying store of value with the payment service providers then making the conversion into fiat currency as needed/desired/required on a payment transaction.

So, for example, you have your 1 BTC with them (your global and immutable perfectly scarce store of value). Wherever you go in the world, that is your base value (just like USD was to gold, e back in the day, before it was de-pegged). Then all payments are done in fiat and reconciled against the base value. Or, it will be done via the Lightening Network, which is a layer built over BTC. Over time your BTC should hopefully go up, faster than the rate of fiat currency depreciation. Potentially, the BTC in your account could fund your spending for life, depending on if certain global macroeconomic factors play out.

As for BTC being a store of value, in the short term it obviously is. In the longer term it has been constantly appreciating over time, beyond the pace of inflation. This will keep happening for many years to come, albeit with ups and downs along the way, But the rate of growth over and above the rate of inflation will moderate in the years and decades to come as BTC's market cap grows.

Banks do loan against BTC, as do exchanges, as do individuals, and as happens with decentralized finance. Some funds have also raised money to buy BTC based entirely on debt (via issuing bonds). Any asset can form security to borrow against, and that includes Bitcoin (obviously).

As for having a "floor in price", no asset has this. Not Gold, not art, not stocks, not housing, not even the USD. All are worth what only what others are prepared to pay for them. And on this basis, it of course follows that all have a theoretical potential value of zero. 

One last comment. Every single time BTC hit a new high, some people claim its "too high". Yet on every single occasion in BTC's history, people have made money either simply by HODLing, and/or buying on the dip. Every single time.

 Will this pattern keep repeating? Time will tell...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on January 13, 2021, 02:39:17 AM
Quote from: El Diablo Blanco on January 12, 2021, 12:52:08 PM
There were some sites selling steroid years ago accepting bitcoin.  Imagine how some idiot feels who bought a cycle for 3 bitcoin valued at $500 each which now are worth $120K.  That was some expensive cycle.  haha
I am kind of embarrassed to admit I came across this the hard way.  I bought a small amount of Bitcoin last year just because the online casinos were really pushing it.  It was easy to put in the account and much easier to withdraw than any other method.  It was just a week ago another gambler pointed out that we would have made more money just leaving it alone as opposed to wagering on games. :-[
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 13, 2021, 03:53:52 AM
Damn! Yes, that's the right idea though. Get fiat into BTC. But don't spend the BTC. Rather HODL and let the power of mathematics work in your favor!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 13, 2021, 04:05:52 AM
Gib,

Do you think a Biden admin is good or bad for Bitcoin?

Also where do you see the bottom in the current pullback? I want to get some BTC. I am going to guess it will be volatile for a while with what's going on in DC. What's your take?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 13, 2021, 04:08:23 AM
Quote from: polychronopolous on January 12, 2021, 01:31:23 PM
(https://i.redd.it/ougmg7nduur51.jpg)
That's interesting thanks for posting! Yeah those guys that lost their keys are SOL!

https://www.msn.com/en-gb/money/technology/in-bits-the-programmer-locked-out-of-his-130m-bitcoin-account/ar-BB1cH4p6

Stefan Thomas has just two chances left to get his hands on his $240m (£175m) fortune.

Thomas is a San Francisco-based computer programmer, and a decade ago he was given 7,002 bitcoins as a reward for making a video explaining how the cryptocurrency works.

At the time he was paid, they were worth $2-$6 each. He stashed them away in his “digital wallet” and forgot about them.

Now each bitcoin is worth $34,000, and the contents of his wallet are valued at $240m. But Thomas has forgotten the password that will unlock his fortune.

German-born Thomas has already entered the wrong password eight times, and if he guesses wrong two more times his hard drive, which contains his private keys to the bitcoin, will be encrypted – and he’ll never see the money.

The price of bitcoin hit more than $40,000 last week, having doubled in less than a month. It has since fallen back but it is still up by more than 700% since the pandemic was first declared in March last year, rising from about $5,000.

Thomas said he has tried his eight most frequently used passwords to access his IronKey hard drive, but all turned out to be wrong. The device auto-encrypts all contents after the 10th inaccurate guess.

“I would just lay in bed and think about it,” Thomas told the New York Times. “Then I would go to the computer with some new strategy, and it wouldn’t work, and I would be desperate again.”

Thomas said the experience has understandably put him off cryptocurrencies. “This whole idea of being your own bank – let me put it this way, do you make your own shoes?” he said. “The reason we have banks is that we don’t want to deal with all those things that banks do.”

Following the publicity of Thomas’s plight, Alex Stamos, an internet security expert at Stanford Internet Observatory, said he could crack the password within six months if Thomas gave him a 10% cut of the digital fortune.

“Um, for $220m in locked-up bitcoin, you don’t make 10 password guesses but take it to professionals to buy 20 IronKeys and spend six months finding a side-channel or uncapping,” he said on Twitter. “I’ll make it happen for 10%. Call me.”

Cryptocurrency data firm Chainalysis said it estimated that about 20% of the existing 18.5 million bitcoins appears to be lost or stranded in inaccessible wallets.

In 2013, Welsh IT worker James Howells accidentally threw out a hard drive containing the keys to 7,500 bitcoins. At the time, the lost bitcoins were worth about £4m. Now, they would be worth more than $250m.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 13, 2021, 04:13:20 AM
I bought a Ledger Nano S a few years ago. Never opened it. Started messing around with it yesterday. Pretty cool little device. Only problem is it has limited storage capacity so you can only install apps for about 4-5 cryptos. Then you have to shuffle them around if you want more by uninstalling the ones you don't need to access right away.

The newer Ledger Nano X has a lot more storage capacity. So I will probably get one of those also. I am moving some of my alts to the Ledger because Binance is forcing me to move to Binance.us and the US site does not have all the cryptos that the main Binance site has. But I can store some of them on a Ledger.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 13, 2021, 04:23:55 AM
Quote from: obsidian on January 13, 2021, 04:13:20 AM
I bought a Ledger Nano S a few years ago. Never opened it. Started messing around with it yesterday. Pretty cool little device. Only problem is it has limited storage capacity so you can only install apps for about 4-5 cryptos. Then you have to shuffle them around if you want more by uninstalling the ones you don't need to access right away.

The newer Ledger Nano X has a lot more storage capacity. So I will probably get one of those also. I am moving some of my alts to the Ledger because Binance is forcing me to move to Binance.us and the US site does not have all the cryptos that the main Binance site has. But I can store some of them on a Ledger.

In some ways its good you are limited to number of cryptos. I would suggest keeping it real simple. BTC (and maybe ETH) in cold storage (and don't lose your password or seed words). Trading alts for fun on the exchange.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 13, 2021, 05:06:56 AM
Quote from: gib on January 13, 2021, 04:23:55 AM
In some ways its good you are limited to number of cryptos. I would suggest keeping it real simple. BTC (and maybe ETH) in cold storage (and don't lose your password or seed words). Trading alts for fun on the exchange.

Yeah, I just use a nano s. Leave some out of it for trading if you're not just holding. .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on January 13, 2021, 06:39:29 AM
The USMS is recognized as the U.S. government’s leader in the sale of cryptocurrency. It has conducted a number of digital asset auctions over the years, including one that disposed of the 144,000 bitcoins seized from the Silk Road darknet marketplace.

The first online government auction of seized bitcoins was held in 2014; the USMS sold 130,000 bitcoins valued at approximately $50 million at the time of the sales. In 2015, the agency conducted multiple online bitcoin auctions, selling nearly 174,000 BTC valued at approximately $67 million at the time.

The agency established a memorandum of understanding in 2016 with the Treasury Executive Office for Asset Forfeiture for it to handle the disposition of forfeited bitcoins emanating from the Treasury Forfeiture Fund. In its annual report for the financial year 2018, the agency declared that it sold a total of 5,883 bitcoins in two auctions for a total of $55.8 million, adding that it continued to be the lead custodian for the 22 different types of cryptocurrencies seized by the DOJ and the Department of Treasury.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Vince G, CSN MFT on January 13, 2021, 08:03:28 AM
Just bout 5,000 G999 crypto last night along with XLR crypto.  These forms have a very very very low buy-in with the potential to go up.  The XLR you can get in most exchanges which I got in Coinbase while you have while G999 can only be purchased in the GS exchange which I've been telling you all about.  There is two more cryptos I'm looking at as I'm about to cash out my V999 crypto

You guys need to be getting these other crypto because just like currency as countries are going to start choosing individual forms of crypto for themselves

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on January 13, 2021, 08:16:59 AM
Goodrum, did you see that Coinbase will list on the stock market soon?

I will follow it a bit...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 13, 2021, 08:36:44 AM
Retailers Flock To Crypto As Booking.com Becomes Latest Firm To Get Onboard


Travel industry giant Booking.com has partnered with Crypto.com highlighting the growing commitment major retailers are making to the digital economy. Bitcoin’s breathtaking rally beyond $35,000 kicks off 2021 on a high following above expectation institutional interest with banks and hedge funds now aggressively seeking to expand their bitcoin holdings.

 As the travel industry starts the preparation for the inevitable post-pandemic rush among holiday-makers, and with the approval of several vaccines likely to expedite that process, the partnership comes at an opportune time for both parties.

Kris Marszalek, CEO of Crypto.com said, “In 2020, our Crypto.com Visa Card program grew to become the most widely available card of its kind and we now serve over 5 million users around the world, who are eager to travel again in 2021.”

Marszalek indicated that the latest partnership will be followed by similar alliances with enterprises dominating other consumer industries.

https://www.forbes.com/sites/lawrencewintermeyer/2021/01/11/retailers-flock-to-crypto-as-bookingcom-becomes-latest-firm-to-get-onboard/?sh=3c89b9062f05
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Vince G, CSN MFT on January 13, 2021, 10:11:52 AM
Quote from: FitnessFrenzy on January 13, 2021, 08:16:59 AM
Goodrum, did you see that Coinbase will list on the stock market soon?

I will follow it a bit...


Yes, they are basically a bank that is constantly growing with crypto...but you should get registered with me at www.beermoney.info to trade on the GS platform .  Got a few getbiggers on there already trading right now and I'm showing them the ropes.  It's fine to buy crypto but you gotta be on a trading platform to make the money
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 13, 2021, 10:18:33 AM
Quote from: Vince G, CSN MFT on January 13, 2021, 08:03:28 AM

You guys need to be getting these other crypto because just like currency as countries are going to start choosing individual forms of crypto for themselves

No they aren’t. Even if they were they would not use anything outside the major players (adoption preference is overwhelmingly BTC). Besides the volatility problem won’t be resolved for probably a decade with these and by then this whole money supply problem would have played out and been resolved.

Don’t kid yourself, it is a pump and dump until it becomes ‘something’. BTC is the largest coin and even that has next to no adoption in the greater world.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Vince G, CSN MFT on January 13, 2021, 12:01:48 PM
Quote from: Mayday on January 13, 2021, 10:18:33 AM
No they aren’t. Even if they were they would not use anything outside the major players (adoption preference is overwhelmingly BTC). Besides the volatility problem won’t be resolved for probably a decade with these and by then this whole money supply problem would have played out and been resolved.

Don’t kid yourself, it is a pump and dump until it becomes ‘something’. BTC is the largest coin and even that has next to no adoption in the greater world.

The market has always been volatile even with bitcoin but I've made money with other minor cryptocurrencies as well.  They may not have the trading volume as other companies but they have that potential. 

Trading crypto and stocks is always a risk....not for pussies.  If you cant hack it, then sit in the stands
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 13, 2021, 12:37:16 PM
Quote from: Vince G, CSN MFT on January 13, 2021, 08:03:28 AM
Just bout 5,000 G999 crypto last night along with XLR crypto.  These forms have a very very very low buy-in with the potential to go up.  The XLR you can get in most exchanges which I got in Coinbase while you have while G999 can only be purchased in the GS exchange which I've been telling you all about.  There is two more cryptos I'm looking at as I'm about to cash out my V999 crypto

You guys need to be getting these other crypto because just like currency as countries are going to start choosing individual forms of crypto for themselves

yeah, maybe we can earn enough to move into a shitbox like you.  stick with what you know......which isnt much.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Vince G, CSN MFT on January 13, 2021, 12:47:46 PM
Quote from: Bindare_Dundat on January 13, 2021, 12:37:16 PM
yeah, maybe we can earn enough to move into a shitbox like you.  stick with what you know......which isnt much.


What I know about is putting my stick in your mother's pussy in addition to pussies who dont actually trade...you're either in the game or not
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 13, 2021, 12:53:06 PM
Quote from: Vince G, CSN MFT on January 13, 2021, 12:47:46 PM

What I know about is putting my stick in your mother's pussy in addition to pussies who dont actually trade...you're either in the game or not

Try it in English this time. Pussy is repulsive top fa88ots, so you didn't hurt my feelings, cause your dirty dick wouldn't get close to my mom. Go burn some books now, you disgusting censoring commie.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Vince G, CSN MFT on January 13, 2021, 01:02:48 PM
Quote from: Bindare_Dundat on January 13, 2021, 12:53:06 PM
Try it in English this time. Pussy is repulsive top fa88ots, so you didn't hurt my feelings, cause your dirty dick wouldn't get close to my mom. Go burn some books now, you disgusting censoring commie.

Meltdown🤣
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on January 13, 2021, 01:16:39 PM
Quote from: Vince G, CSN MFT on January 13, 2021, 08:03:28 AM
Just bout 5,000 G999 crypto last night along with XLR crypto.  These forms have a very very very low buy-in with the potential to go up.  The XLR you can get in most exchanges which I got in Coinbase while you have while G999 can only be purchased in the GS exchange which I've been telling you all about.  There is two more cryptos I'm looking at as I'm about to cash out my V999 crypto

You guys need to be getting these other crypto because just like currency as countries are going to start choosing individual forms of crypto for themselves

I think you mean XLM (Stellar). You also need to understand no country is going to pick a crypto for themselves, the citizens of the countries with the most hyperinflation of their fiat, like Venezuela, may flock to btc as a store of value, but any government will just make their own stablecoin if they go down the crypto path for their national currency.


Quote from: Mayday on January 13, 2021, 10:18:33 AM
No they aren’t. Even if they were they would not use anything outside the major players (adoption preference is overwhelmingly BTC). Besides the volatility problem won’t be resolved for probably a decade with these and by then this whole money supply problem would have played out and been resolved.

Don’t kid yourself, it is a pump and dump until it becomes ‘something’. BTC is the largest coin and even that has next to no adoption in the greater world.

Btc is a terrible currency as its slow to transfer and cannot make many transfers simultaneously. However its an amazing store of value.The adoption as a store of value maybe the fastest in history.Think the difference between the dollar and gold.The distinction is extremely important to understand.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 13, 2021, 04:33:12 PM
Quote from: Army of One on January 13, 2021, 01:16:39 PM
I think you mean XLM (Stellar). You also need to understand no country is going to pick a crypto for themselves, the citizens of the countries with the most hyperinflation of their fiat, like Venezuela, may flock to btc as a store of value, but any government will just make their own stablecoin if they go down the crypto path for their national currency.


Btc is a terrible currency as its slow to transfer and cannot make many transfers simultaneously. However its an amazing store of value.The adoption as a store of value maybe the fastest in history.Think the difference between the dollar and gold.The distinction is extremely important to understand.

Solaris?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on January 13, 2021, 07:01:31 PM
Quote from: Bindare_Dundat on January 13, 2021, 04:33:12 PM
Solaris?

Isn't on Coinbase.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 13, 2021, 07:14:00 PM
Quote from: Army of One on January 13, 2021, 07:01:31 PM
Isn't on Coinbase.

lol, youre right.  I dont read all his crap. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 13, 2021, 07:58:06 PM
Quote from: Army of One on January 13, 2021, 01:16:39 PM
Btc is a terrible currency as its slow to transfer and cannot make many transfers simultaneously. However its an amazing store of value.The adoption as a store of value maybe the fastest in history.Think the difference between the dollar and gold.The distinction is extremely important to understand.

I think a lot of newcomers in this thread not realising what has been discussed in here previously.

I don’t hold the same 50 BTC that gib has but I’m not far off. Fiat gives it value, I don’t buy into the hype but I buy into that people believe the hype.

It’s a generation one crypto and is doing a great job of building a market for future cryptos.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on January 13, 2021, 08:14:49 PM
Quote from: Mayday on January 13, 2021, 07:58:06 PM
I think a lot of newcomers in this thread not realising what has been discussed in here previously.

I don’t hold the same 50 BTC that gib has but I’m not far off. Fiat gives it value, I don’t buy into the hype but I buy into that people believe the hype.

It’s a generation one crypto and is doing a great job of building a market for future cryptos.

Pretty much everything on the planet only has value because we assign it value.Who first assigned fiat value in the early days?Gold is outclassed by many other materials in various ways but it stays number one because of the value we assign it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 14, 2021, 01:09:31 AM
Quote from: Mayday on January 13, 2021, 07:58:06 PM
I think a lot of newcomers in this thread not realising what has been discussed in here previously.

I don’t hold the same 50 BTC that gib has but I’m not far off. Fiat gives it value, I don’t buy into the hype but I buy into that people believe the hype.

It’s a generation one crypto and is doing a great job of building a market for future cryptos.

Agreed.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 14, 2021, 04:27:43 AM
Anchorage granted US's first national crypto bank charter

Custody pioneer Anchorage is the first crypto firm to see a charter from the U.S. national bank regulator.

Per a Wednesday announcement from the Office of the Comptroller of the Currency, Anchorage will have conditional authorization to operate as a trust institution nationally. The charter is the first of its kind, part of an idea of a "fintech charter" stretching back to the Obama years, but which has been accelerated under the leadership of Acting Comptroller Brian Brooks, formerly of Coinbase's legal team.

Per the announcement, Anchorage's continued charter will hinge upon unique requirements:

    "As an enforceable condition of approval, the company entered into an operating agreement which sets forth, among other things, capital and liquidity requirements and the OCC’s risk management expectations."

The actual agreement between Anchorage and the OCC specifies a point that has been central to the debate around the fintech charter; namely, that the new species of banks will not hold deposits: "The Bank shall not engage in activities that would cause it to be a “bank” as defined in section 2(c) of the Bank Holding Company Act."

It's a controversial point. What is a bank? With the advent of online banking and especially with the technological security that crypto provides, Brooks believes that the future belongs to more bespoke financial services. Narrower uses more tailored to individual needs, but still requiring national authorization, as he described his vision earlier today.

In the same interview, Elliptic CEO Simone Naimi asked Brooks when to expect the first such national charter for a crypto bank. Brooks checked his watch, in what at the time seemed to be jest.

Hitherto, such registration has been done state-by-state, but only recently for crypto. This past summer, Wyoming authorized Kraken as the first crypto-native bank in the U.S.

Nonetheless, state regulators have expressed concern that the OCC's push to charter non-depository institutions represents a threat to their authority.

An OCC representative declined to comment as to whether to expect more crypto bank charters in Brooks' final days as Acting Comptroller.


https://cointelegraph.com/news/anchorage-gets-occ-s-first-national-charter-to-a-crypto-bank
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on January 14, 2021, 04:59:21 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 14, 2021, 05:45:03 AM
Quote from: FitnessFrenzy on January 14, 2021, 04:59:21 AM


God damn.why does he sound like he's on speed or something? Lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 14, 2021, 05:51:26 AM
Quote from: Army of One on January 13, 2021, 01:16:39 PM



Btc is a terrible currency as its slow to transfer and cannot make many transfers simultaneously. However its an amazing store of value.The adoption as a store of value maybe the fastest in history.Think the difference between the dollar and gold.The distinction is extremely important to understand.


The same things the crypto people said they hated about that old relic gold 5 years ago is now the same thing they use to call BTC a store of value. Slow to transact, expensive to "mine", wasteful to maintain and requires a 3rd party settlement process to do actual transactions.

The white paper on BTC failed miserably...the same greed and urges that rule regular banking and markets rule crypto markets. It was supposed to be a peer to peer bank buster.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on January 14, 2021, 07:19:08 AM
Quote from: Bindare_Dundat on January 14, 2021, 05:45:03 AM
God damn.why does he sound like he's on speed or something? Lol.

It's called cocaine
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 14, 2021, 07:57:29 AM
Quote from: El Diablo Blanco on January 14, 2021, 07:19:08 AM
It's called cocaine

Got some?  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: epic is back on January 14, 2021, 08:14:15 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: epic is back on January 14, 2021, 08:17:35 AM
Look at the rats

Some of them were in on it

Watch their body language

The storm was planned and staged and wanted

It was not cops , it was BLM and antifa

They were shit scared  Biden would be disqualified and had to Blame the storm on our president

But it was the dems and  the traitors that sent them in

So they could pretend to play victim
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on January 14, 2021, 09:06:16 AM
Quote from: epic is back on January 14, 2021, 08:17:35 AM
Look at the rats

Some of them were in on it

Watch their body language

The storm was planned and staged and wanted

It was not cops , it was BLM and antifa

They were shit scared  Biden would be disqualified and had to Blame the storm on our president

But it was the dems and  the traitors that sent them in

So they could pretend to play victim



(https://i.ytimg.com/vi/_xdSfwsF054/hqdefault.jpg)


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: epic is back on January 14, 2021, 09:51:01 AM


Hm
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: epic is back on January 14, 2021, 10:10:36 AM
The video shows

People collecting the cell phones


Why do that if there isn’t compromised info on it

Also the computers that were taken on the 6 th

Then they want impeachment next day or so?

Why are they so frantic ?

The socialist trump haters  here and other Places will scatter abs turn on yourselves
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 15, 2021, 05:45:43 AM
So Biden announces a 1.9 TRILLION stimulus package. More than 2x the entire market cap of Bitcoin.

One would think this will have to be positive to BTC, as in effect stimulus = money printing and yet more US debt.

Interestingly the USD actually rallied. But give it some time...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: epic is back on January 15, 2021, 07:24:44 AM
Corn pop was a bad dude
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 15, 2021, 07:28:17 AM
Quote from: gib on January 15, 2021, 05:45:43 AM
So Biden announces a 1.9 TRILLION stimulus package. More than 2x the entire market cap of Bitcoin.

One would think this will have to be positive to BTC, as in effect stimulus = money printing and yet more US debt.

Interestingly the USD actually rallied. But give it some time...

Theres been bitcoin dumping recently almost every weekend. it came early this time.  long term projection is still bullish but im taking a hit on this one right now. Could change later. well see.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: epic is back on January 15, 2021, 07:49:50 AM
Porches for all!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on January 15, 2021, 08:29:15 AM
Lagarde Blasts Bitcoin’s Role in Facilitating Money Laundering

JANUARY 13, 2021

Bitcoin "has conducted some funny business and some interesting and totally reprehensible money laundering activity," European Central Bank President Christine Lagarde said on Wednesday.

Lagarde did not provide specific examples of money laundering cases but said she understood there had been criminal investigations into illegal activity. She did not elaborate.

“There has to be regulation. This has to be applied and agreed upon [...] at a global level because if there is an escape that escape will be used.”

Lagarde has meanwhile suggested that it could take the Eurozone up to four years before it possibly launches a digital euro.


https://www.reuters.com/article/us-crypto-currency-ecb/ecbs-lagarde-calls-for-regulating-bitcoins-funny-business-idUSKBN29I1B1
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 15, 2021, 08:33:11 AM
Quote from: DooM_ on January 15, 2021, 08:29:15 AM
Lagarde Blasts Bitcoin’s Role in Facilitating Money Laundering

Bitcoin "has conducted some funny business and some interesting and totally reprehensible money laundering activity," European Central Bank President Christine Lagarde said on Wednesday.

Lagarde did not provide specific examples of money laundering cases but said she understood there had been criminal investigations into illegal activity. She did not elaborate.

“There has to be regulation. This has to be applied and agreed upon [...] at a global level because if there is an escape that escape will be used.”

Lagarde has meanwhile suggested that it could take the Eurozone up to four years before it possibly launches a digital euro.


https://www.reuters.com/article/us-crypto-currency-ecb/ecbs-lagarde-calls-for-regulating-bitcoins-funny-business-idUSKBN29I1B1

She's a criminal herself.  Look it up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on January 15, 2021, 08:36:17 AM
Wait a minute, tracking Bitcoin shows a whole lot of volatility.

On January 8th, I think it was as high as $41,940 and then on January 11th it was down $30,525. That's a 28% drop, what the fuck!?!

Do any of you guys holding BTC worry about these fluctuations?

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 15, 2021, 08:37:10 AM
Quote from: Bindare_Dundat on January 15, 2021, 08:33:11 AM
She's a criminal herself.  Look it up.

He's too lazy.

Much easier to post these 2016 talking points without putting any effort into researching the validity of the article or the person being quoted.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on January 15, 2021, 08:42:46 AM
Quote from: polychronopolous on January 15, 2021, 08:37:10 AM
He's too lazy.

Much easier to post these 2016 talking points without putting any effort into researching the validity of the article or the person being quoted.

above article is from the 13th of january 2021 , lagarde is head of the european central bank . . . so either way what she says has an effect . . .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on January 15, 2021, 08:52:08 AM
(https://specials-images.forbesimg.com/imageserve/5ffee0e3ba936bb0868bda6e/960x0.jpg?fit=scale)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 15, 2021, 10:33:20 AM
Quote from: OneMoreRep on January 15, 2021, 08:36:17 AM
Wait a minute, tracking Bitcoin shows a whole lot of volatility.

On January 8th, I think it was as high as $41,940 and then on January 11th it was down $30,525. That's a 28% drop, what the fuck!?!

Do any of you guys holding BTC worry about these fluctuations?

"1"

No.lots of money can be/is being made here if actively trading. If holding, long term is still very bullish
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: epic is back on January 15, 2021, 10:52:26 AM
That chart looks like my cock in the mornings
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on January 15, 2021, 11:11:33 AM
Bitcoin bubble: Can you bank on the cryptocurrency?

Financial crime lawyer Bambos Tsiattalou from Stokoe Partnership Solicitors is sceptical. 'Bitcoin and crypto-currencies alike are destined to fail,' he said.

'The problem with all cryptocurrencies is that they actually have no real intrinsic value – they are actually worthless.'

European Central Bank president Christine Lagarde this week blasted bitcoin for allowing 'funny business' like money laundering, and called for global regulation.

The FCA seems to be taking smaller steps, focusing on how bitcoin investments are advertised to unsuspecting savers. But Tsiattalou is dubious about whether increased regulation will help.

He said: 'The only thing that more stringent regulation will do is make the current speculative demand for crypto-currencies wane, which will ultimately lead to all cryptocurrencies reaching their true monetary value of zero, making it one of the biggest Ponzi schemes in recorded history.'


https://www.thisismoney.co.uk/money/markets/article-9148821/Bitcoin-bubble-hugely-inflated-market-burst.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on January 15, 2021, 11:47:20 AM
Quote from: OneMoreRep on January 15, 2021, 08:36:17 AM
Wait a minute, tracking Bitcoin shows a whole lot of volatility.

On January 8th, I think it was as high as $41,940 and then on January 11th it was down $30,525. That's a 28% drop, what the fuck!?!

Do any of you guys holding BTC worry about these fluctuations?

"1"

Aftet 7 years hodling these swings have less of an impact on me. Its the nature of a new market.  Overtime the volatility will decrease.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on January 15, 2021, 12:39:20 PM
Quote from: Theoak* on January 15, 2021, 11:47:20 AM
Aftet 7 years hodling these swings have less of an impact on me. Its the nature of a new market.  Overtime the volatility will decrease.

Yeah, it's just too risky for my blood. But I know this new breed of traders love to fuck around with just shorting stocks and gambling on margin, so all power to them.

Quote from: Bindare_Dundat on January 15, 2021, 10:33:20 AM
No.lots of money can be/is being made here if actively trading. If holding, long term is still very bullish

But is it more of a pump and dump by these large firms throwing millions of dollars into BTC with the hopes that most "average" people will buy into it, artificially cause the price to rise and then dump BTC for the smaller masses to deal with?

Again, I only invest in the market and do not actively trade in it, so it really has no effect on me. As a fan of economics though, I must say that this new, highly volatile, digital currency does seem like a speculative bubble.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on January 15, 2021, 12:49:32 PM
Quote from: OneMoreRep on January 15, 2021, 08:36:17 AM
Wait a minute, tracking Bitcoin shows a whole lot of volatility.

On January 8th, I think it was as high as $41,940 and then on January 11th it was down $30,525. That's a 28% drop, what the fuck!?!

Do any of you guys holding BTC worry about these fluctuations?

"1"

No.10 years ago it was a dollar.It has had these fluctuations throughout its whole history.This for example was the late 2016 to late 2017 run from 500 dollars to 19k.Zoom out and look at the big picture and dont get emotional in the moment.Thats really all there is to it now institutions are coming in
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on January 15, 2021, 12:51:44 PM
Quote from: Army of One on January 15, 2021, 12:49:32 PM
Nope, 10 years ago it was a dollar.It has had these fluctuations throughout its whole history.This for example was the late 2016 to late 2017 run from 500 dollars to 19k.Zoom out and look at the big picture and dont get emotional in the moment.Thats really all there is to it now institutions are coming in

Man, that's a bumpy rollercoaster. I guess at my old age, I don't have the stomach for it.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 15, 2021, 01:24:40 PM
Quote from: OneMoreRep on January 15, 2021, 08:36:17 AM
Wait a minute, tracking Bitcoin shows a whole lot of volatility.

On January 8th, I think it was as high as $41,940 and then on January 11th it was down $30,525. That's a 28% drop, what the fuck!?!

Do any of you guys holding BTC worry about these fluctuations?

"1"

I sold @ 40.5k. I don’t ride the dips because I can’t be 100% sure when it will bounce back. I can make an educated guess with probability but that is still a ‘guess’.

The drop you saw isn’t ‘the drop’. The proper crash just started yesterday ;)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 15, 2021, 01:39:33 PM
Quote from: Army of One on January 15, 2021, 12:49:32 PM
No.10 years ago it was a dollar.It has had these fluctuations throughout its whole history.This for example was the late 2016 to late 2017 run from 500 dollars to 19k.Zoom out and look at the big picture and dont get emotional in the moment.Thats really all there is to it now institutions are coming in

Don’t forget to show the other side of that chart........

Be careful of the effect the institutions are having on price. We have grayscale, microstrategy and square as the major players. They were all buying back at 10k and have been for many months.

Going from 10k to 20k with the 3 major players buying took 6 months alongside retail buyers. That is the effect of institutions buying.

 Going from 20k to 40k took 1 month. It isn’t institutions causing the last 20k price rise nor the previous retail buyers.

The spike is the ‘hype’ buyers causing what is more likely a 1.5yr price increase in 1 month. This isn’t institutions, they aren’t this dumb.

The price of 40k is a June 2022 onwards price point.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on January 15, 2021, 02:24:32 PM
Quote from: Army of One on January 15, 2021, 12:49:32 PM
No.10 years ago it was a dollar.It has had these fluctuations throughout its whole history.This for example was the late 2016 to late 2017 run from 500 dollars to 19k.Zoom out and look at the big picture and dont get emotional in the moment.Thats really all there is to it now institutions are coming in

do you own bitcoin?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on January 15, 2021, 02:52:10 PM
Quote from: Mayday on January 15, 2021, 01:39:33 PM
Don’t forget to show the other side of that chart........

Be careful of the effect the institutions are having on price. We have grayscale, microstrategy and square as the major players. They were all buying back at 10k and have been for many months.

Going from 10k to 20k with the 3 major players buying took 6 months alongside retail buyers. That is the effect of institutions buying.

 Going from 20k to 40k took 1 month. It isn’t institutions causing the last 20k price rise nor the previous retail buyers.

The spike is the ‘hype’ buyers causing what is more likely a 1.5yr price increase in 1 month. This isn’t institutions, they aren’t this dumb.

The price of 40k is a June 2022 onwards price point.

what do you think it will drop to . . . ?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 15, 2021, 03:03:01 PM
https://www.coindesk.com/goldman-sachs-to-enter-crypto-market-soon-with-custody-play-source

Goldman Sachs to Enter Crypto Market ‘Soon’ With Custody Play
Goldman, JPMorgan and Citi are all said to be looking at crypto custody.

U.S. banking powerhouse Goldman Sachs has issued a request for information (RFI) to explore digital asset custody, according to a source inside the bank.

When asked about timing, the Goldman source said the bank’s custody plans would be “evident soon.”

Goldman’s digital asset custody RFI was circulated to at least one well-known crypto custody player toward the end 2020.

“Like JPMorgan, we have issued an RFI looking at digital custody. We are broadly exploring digital custody and deciding what the next step is,” said the Goldman source, who asked not to be named. (An RFI on crypto custody was issued by JPMorgan in October 2020, as reported by The Block.)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on January 15, 2021, 03:10:12 PM
Bitcoin bubble will pop sooner or later

Anatoly Aksakov, a member of the Russian State Duma, has reiterated his negative stance on Bitcoin (BTC) shortly after the cryptocurrency briefly retouched $40,000 on Jan. 14.

“Bitcoin is not backed by anything as a cryptocurrency. This is a private currency, and its value is based on trust of the related data system. In this context Bitcoin provides a basis for a bubble on the crypto market, and I think this bubble should burst sooner or later.”

Aksakov also urged for strict regulations on Bitcoin, hinting that global jurisdictions should probably ban it as a payment method.

Russia has already banned crypto-powered payments effective from Jan. 1, 2021.

Aksakov stated, “It is necessary to cut off all channels for using Bitcoin to finance drug trafficking, terrorist operations, money laundering, corruption schemes, and so on.”

Aksakov is not alone in maintaining that Bitcoin is a bubble. Michael Hartnett, chief investment strategist at Bank of America Securities, argued that Bitcoin looks like “the mother of all bubbles” in early January 2021.

Following Bitcoin’s massive rally driving its price to as high as $42,000 in January, a number of global authorities have expressed criticism of the world’s largest cryptocurrency.[/b] European Central Bank President Christine Lagarde argued on Jan. 13 that Bitcoin is a “highly speculative asset” and a “funny business” contributing to money laundering.

https://cointelegraph.com/news/bitcoin-bubble-will-pop-sooner-or-later-says-famous-russian-btc-critic
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 15, 2021, 03:16:13 PM
Quote from: DooM_ on January 15, 2021, 02:52:10 PM
what do you think it will drop to . . . ?

A drop to 30,000 would probably see bitcoin go back down to 20,000's quickly. But I dont think we will  see a dip below that, (20,000) in a long, long, long time  (maybe never) At least I hope. lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 15, 2021, 03:18:44 PM
Quote from: DooM_ on January 15, 2021, 03:10:12 PM
Bitcoin bubble will pop sooner or later

Anatoly Aksakov, a member of the Russian State Duma, has reiterated his negative stance on Bitcoin (BTC) shortly after the cryptocurrency briefly retouched $40,000 on Jan. 14.

“Bitcoin is not backed by anything as a cryptocurrency. This is a private currency, and its value is based on trust of the related data system. In this context Bitcoin provides a basis for a bubble on the crypto market, and I think this bubble should burst sooner or later.”

Aksakov also urged for strict regulations on Bitcoin, hinting that global jurisdictions should probably ban it as a payment method.

Russia has already banned crypto-powered payments effective from Jan. 1, 2021.

Aksakov stated, “It is necessary to cut off all channels for using Bitcoin to finance drug trafficking, terrorist operations, money laundering, corruption schemes, and so on.”

Aksakov is not alone in maintaining that Bitcoin is a bubble. Michael Hartnett, chief investment strategist at Bank of America Securities, argued that Bitcoin looks like “the mother of all bubbles” in early January 2021.

Following Bitcoin’s massive rally driving its price to as high as $42,000 in January, a number of global authorities have expressed criticism of the world’s largest cryptocurrency.[/b] European Central Bank President Christine Lagarde argued on Jan. 13 that Bitcoin is a “highly speculative asset” and a “funny business” contributing to money laundering.

https://cointelegraph.com/news/bitcoin-bubble-will-pop-sooner-or-later-says-famous-russian-btc-critic

Cause fiat money doesnt fund illegal activities?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on January 15, 2021, 04:25:23 PM
Quote from: Mayday on January 15, 2021, 01:39:33 PM
Don’t forget to show the other side of that chart........


The other side of the chart where it dropped to 3500 dollars but now is 35000+ dollars?again zoom out and dont get emotional.Nothing matters unless you sell.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on January 15, 2021, 06:09:48 PM
Quote from: Mayday on January 15, 2021, 01:24:40 PM


The drop you saw isn’t ‘the drop’. The proper crash just started yesterday ;)

this is an extremely radical view of the situation, normally you're not far off the money but guess we'll see how this plays out in the next 0-15 days ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 15, 2021, 10:38:12 PM
Quote from: Theoak* on January 15, 2021, 06:09:48 PM
this is an extremely radical view of the situation, normally you're not far off the money but guess we'll see how this plays out in the next 0-15 days ...

Cheers for the compliment.

It’s only brief, don’t worry. It goes well past 40k on it’s next ramp.

What we saw was the hype train full steam ahead hit 40k. It rolled back 18% in 4 days scaring the living shit out of everybody.

 It gathered enough troops to give it a second shot. Rallied to 40k and stumbled again. Now the troops are Real scared and running away harder than the first time. It’s already tapped 34k which means the 37k resistance didn’t holdup. I’d expect it to blow through to low 30s and hang out there for a bit and then dip into the 20s briefly before rallying hard.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 16, 2021, 01:02:38 AM
Quote from: Mayday on January 15, 2021, 10:38:12 PM
Cheers for the compliment.

It’s only brief, don’t worry. It goes well past 40k on it’s next ramp.

What we saw was the hype train full steam ahead hit 40k. It rolled back 18% in 4 days scaring the living shit out of everybody.

 It gathered enough troops to give it a second shot. Rallied to 40k and stumbled again. Now the troops are Real scared and running away harder than the first time. It’s already tapped 34k which means the 37k resistance didn’t holdup. I’d expect it to blow through to low 30s and hang out there for a bit and then dip into the 20s briefly before rallying hard.
Appreciate your posts as well 

Quote from: Bindare_Dundat on January 10, 2021, 11:32:05 AM
I took profit at the time I called for a pull back a few posts back. Still hanging to.my ethereum but I agree with you.
I think if you haven't gotten into bitcoin yet, you actually might do better with ethereum for a period of time. I'm roughly 70/30 btc/eth and its been holding well as of this post. Could change on a dime. Lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 16, 2021, 02:14:02 AM
Quote from: Bindare_Dundat on January 16, 2021, 01:02:38 AM
Appreciate your posts as well 
I think if you haven't gotten into bitcoin yet, you actually might do better with ethereum for a period of time. I'm roughly 70/30 btc/eth and its been holding well as of this post. Could change on a dime. Lol

I’m not holding anything right now.

I am entering 100% ETH in my next move. Just waiting for the current situation to settle down.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 16, 2021, 02:41:59 AM
Quote from: Mayday on January 16, 2021, 02:14:02 AM
I’m not holding anything right now.

I am entering 100% ETH in my next move. Just waiting for the current situation to settle down.

Yes, I remember from one of your previous posts.
Just thought it might be a good idea to let anyone on the fence now, to maybe start consideing going in as its much more affordable to most with greater returns.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 16, 2021, 04:50:41 AM
Quote from: Mayday on January 16, 2021, 02:14:02 AM
I’m not holding anything right now.

I am entering 100% ETH in my next move. Just waiting for the current situation to settle down.

I'm considering Ethereum as well.

How much of a dip do you think we will see?

At the moment it's about $ 1200.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 16, 2021, 06:07:26 AM
Quote from: Griffith on January 16, 2021, 04:50:41 AM
I'm considering Ethereum as well.

How much of a dip do you think we will see?

At the moment it's about $ 1200.

No one can predict this with accuracy. Its an educated guess by following certain trends/cycles/fundamentals, etc....if you're in long term, don't worry about any of this, just buy and hold. But you need to make these decisions on your own and I wouldn't put all my faith into anyones predictions. You'll end up wrecked that way. Be prepared mentally our you'll be pulling money in and out chasing numbers going up and down wildly. I'm prepared to see things drop 40 percent, others aren't.

Mayday has a better understanding of these things but even  though holding long won't make you the most money, it'll still be advantages to do so imo. Apologies  if this is redundant to you.

Id like to hear Mayday or anyone else's thoughts on this though, I don't want my opinion screwing over anyone.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 16, 2021, 06:11:36 AM
Quote from: Bindare_Dundat on January 16, 2021, 06:07:26 AM
No one can predict this with accuracy. Its an educated guess by following certain trends/cycles/fundamentals, etc....if you're in long term, don't worry about any of this, just buy and hold. But you need to make these decisions on your own and I wouldn't put all my faith into anyones predictions. You'll end up wrecked that way. Be prepared mentally our you'll be pulling money in and out chasing numbers going up and down wildly. I'm prepared to see things drop 40 percent, others aren't.

Mayday has a better understanding of these things but even holding long won't make you the most money, it'll still be advantages to do so imo.

Id like to hear Mayday or anyone else's thoughts on this though

I will be buying ETH either way, and holding long-term, just interested in hearing others opinions as well, including any forecasts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: epic is back on January 16, 2021, 06:14:16 AM
I’m waiting for Melvin who works for Verizon and has a house on wheels to tell me how to invest

Until then I await and watch wrastin videos
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 16, 2021, 06:24:42 AM
Quote from: epic is back on January 16, 2021, 06:14:16 AM
I’m waiting for Melvin who works for Verizon and has a house on wheels to tell me how to invest

Until then I await and watch wrastin videos

Hes been quite since Armyof Ones post.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 16, 2021, 06:31:14 AM
Here come the Big Boys.

The on-ramps are continually being built.

Goldman Sachs to Enter Crypto Market ‘Soon’ With Custody Play: Source


U.S. banking powerhouse Goldman Sachs has issued a request for information (RFI) to explore digital asset custody, according to a source inside the bank.

When asked about timing, the Goldman source said the bank’s custody plans would be “evident soon.”

Goldman’s digital asset custody RFI was circulated to at least one well-known crypto custody player toward the end of 2020.

 “Like JPMorgan, we have issued an RFI looking at digital custody. We are broadly exploring digital custody and deciding what the next step is,” said the Goldman source, who asked not to be named. (An RFI on crypto custody was issued by JPMorgan in October 2020, as reported by The Block.)

The Goldman insider said the bank’s digital assets initiative was “part of a broad digital strategy,” citing stablecoins in relation to recent missives from the U.S. Office of the Comptroller of the Currency (OCC).

A tectonic shift took place in the world of crypto custody this week, as San Francisco-based Anchorage attained conditional approval from the OCC to become a national digital bank and “unequivocally” meet the definition of “qualified custodian” in the process.

Anchorage President Diogo Mónica said in an interview this regulatory approval will invite many large and risk-averse institutional players into crypto.

When asked about JPMorgan, Goldman and Citi – the three big U.S. banks most are watching in relation to crypto custody – Mónica said: “We are talking to all these guys.”

There has been chatter about Goldman perhaps offering something akin to prime brokerage services involving crypto. However, the Goldman insider said the bank is looking at custody but not prime brokerage.

“Anchorage, BitGo and Coinbase have quite grand plans in crypto prime brokerage and we would not be looking to duplicate those,” said the Goldman source.



 https://finance.yahoo.com/news/goldman-sachs-enter-crypto-market-214659079.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: epic is back on January 16, 2021, 06:54:10 AM
Yahoo confirmed!!’
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 16, 2021, 07:03:01 AM


Yup

Quote from: polychronopolous on January 16, 2021, 06:31:14 AM
Here come the Big Boys.

The on-ramps are continually being built.

Goldman Sachs to Enter Crypto Market ‘Soon’ With Custody Play: Source


U.S. banking powerhouse Goldman Sachs has issued a request for information (RFI) to explore digital asset custody, according to a source inside the bank.

When asked about timing, the Goldman source said the bank’s custody plans would be “evident soon.”

Goldman’s digital asset custody RFI was circulated to at least one well-known crypto custody player toward the end of 2020.

 “Like JPMorgan, we have issued an RFI looking at digital custody. We are broadly exploring digital custody and deciding what the next step is,” said the Goldman source, who asked not to be named. (An RFI on crypto custody was issued by JPMorgan in October 2020, as reported by The Block.)

The Goldman insider said the bank’s digital assets initiative was “part of a broad digital strategy,” citing stablecoins in relation to recent missives from the U.S. Office of the Comptroller of the Currency (OCC).

A tectonic shift took place in the world of crypto custody this week, as San Francisco-based Anchorage attained conditional approval from the OCC to become a national digital bank and “unequivocally” meet the definition of “qualified custodian” in the process.

Anchorage President Diogo Mónica said in an interview this regulatory approval will invite many large and risk-averse institutional players into crypto.

When asked about JPMorgan, Goldman and Citi – the three big U.S. banks most are watching in relation to crypto custody – Mónica said: “We are talking to all these guys.”

There has been chatter about Goldman perhaps offering something akin to prime brokerage services involving crypto. However, the Goldman insider said the bank is looking at custody but not prime brokerage.

“Anchorage, BitGo and Coinbase have quite grand plans in crypto prime brokerage and we would not be looking to duplicate those,” said the Goldman source.



 https://finance.yahoo.com/news/goldman-sachs-enter-crypto-market-214659079.html


Quote from: Bindare_Dundat on January 15, 2021, 03:03:01 PM
https://www.coindesk.com/goldman-sachs-to-enter-crypto-market-soon-with-custody-play-source

Goldman Sachs to Enter Crypto Market ‘Soon’ With Custody Play
Goldman, JPMorgan and Citi are all said to be looking at crypto custody.

U.S. banking powerhouse Goldman Sachs has issued a request for information (RFI) to explore digital asset custody, according to a source inside the bank.

When asked about timing, the Goldman source said the bank’s custody plans would be “evident soon.”

Goldman’s digital asset custody RFI was circulated to at least one well-known crypto custody player toward the end 2020.

“Like JPMorgan, we have issued an RFI looking at digital custody. We are broadly exploring digital custody and deciding what the next step is,” said the Goldman source, who asked not to be named. (An RFI on crypto custody was issued by JPMorgan in October 2020, as reported by The Block.)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 16, 2021, 08:22:17 AM
Eth, is close.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 16, 2021, 09:18:20 AM
Quote from: Bindare_Dundat on January 16, 2021, 08:22:17 AM
Eth, is close.

What do you mean?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: epic is back on January 16, 2021, 09:41:47 AM
Just waiting to hear how I can make 1500 from my financial adviser on wheels to lay out the plan
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on January 16, 2021, 10:09:43 AM
I'm sorry gentlemen, but this shit seems like a disaster.

Bitcoin is a highly speculative asset. It has created a bubble inflated by fear, speculation and hopes of a viable hedge against inflation + or even the possible collapse of the US dollar.

Here are some scenarios which could lead to a drastic drop in the value of BTC:


Here are some scenarios which could lead to a temporary rise (even if short-lived) in the value of BTC:


Let me know what you guys think. As an accountant, easily over half of my clients have sizable positions in BitCoin and when now preparing their taxes for the 2020 year, I keep asking the same questions to them that I have posed to you all. Sadly, they are mostly driven by the fear of missing out on a possible great opportunity created by BTC to make money. They're not looking at the end game, but instead following the guidance of their financial advisors that are of course supplied by the big financial trading firms.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 16, 2021, 10:28:06 AM
Quote from: Griffith on January 16, 2021, 09:18:20 AM
What do you mean?

Might hit new highs relatively soon.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 16, 2021, 10:28:59 AM
Quote from: OneMoreRep on January 16, 2021, 10:09:43 AM
I'm sorry gentlemen, but this shit seems like a disaster.

Bitcoin is a highly speculative asset. It has created a bubble inflated by fear, speculation and hopes of a viable hedge against inflation + or even the possible collapse of the US dollar.

Here are some scenarios which could lead to a drastic drop in the value of BTC:

  • The European Central Bank's president, Christine Lagarde, has called for greater regulation of BTC. If the European governments decide to squeeze BTC, it can lead to it's downfall. Not to mention that once Biden comfortable in the White House, he will most likely start to do the same and demand more regulation towards BTC.
  • On Thursday, January 12, 2021, Federal Reserve chairman Jerome Powell stressed the fact that the creation of central bank digital currencies (CBDCs) is a very high priority. In other words, the US Federal Reserve Bank is already working on this and this is essentially the epitaph on BitCoin's tombstone.
  • Why is BTC seeking for crypto custody by large US financial institutions? Playing devil's advocate, let's consider an alternate scenario as to the reason "why" BTC is looking for assumption of crypto custody by large US financial institutions. I believe BTC’s recent search for crypto custody by large US financial institutions (like Goldman Sachs, JP Morgan & CitiBank) is likely a move out of sheer desperation by BTC due to fears of likely incoming government regulation and furthermore the creation of a Federal Reserve digital currency. Remember, the Federal Reserve (which is made up of the 12 distinct Federal Reserve banks in the USA) is not owned by the US government (even though the US government/President can nominate a chairman). There are old families, which control some of the largest financial institutions here in the USA, that are behind the FED in its totality. I think it is farfetched to assume that after they (the families) built up the USA's standing as the current world superpower with the world's reserve FIAT currency, that they will just bend over and allow for the rise of BTC as the alternative to the US Dollar. If the FED gets involved and pushes for a FED coin (As Jerome Powell just suggested), BTC will disappear or at the very least crawl back into the speculative cave from which it came from to die a painful death.
  • If the USD index continues to rise as recently seen this past week, then BTC value will undoubtedly drop as there has always been an inverse correlation between the two.
  • Increased US government regulation of cryptocurrencies. Remember, Joe Biden and his party want more government regulation & taxation. This is the Democratic party for fuck's sake and they're about wealth redistribution at the cost of the wealthy. For anyone to think that a hypothetical store of wealth like BitCoin (where many of the "young" rich are trying to hide their money) would be immune to high government regulation, that Biden and family look to bring, is downright naive. Also, with the European Central Bank calling for more regulation of BitCoin, how long before the US Federal Reserve bank does the same? If the Fed follows in similar path to the European Central Bank, you better bet the house on the fact that Biden and Democratically controlled Congress will do as the FED asks, because they (The FED) are literally the USA's piggy bank.
  • If a better designed version of cryptocurrency is created, it can also make BTC go away (this was most recently voiced by UBS).
  • History has shown us that right as stocks (of any kind) are overbought, this most often times than not leads to ultimate corrections in price. Right now, BTC is way overvalued & overbought, I think his most recent 28% drop in the price of BTC was just the beginning.

Here are some scenarios which could lead to a temporary rise (even if short-lived) in the value of BTC:

  • Crypto custody assumed by large US financial institutions. This will create a false sense of security, as traders/investors in Wall Street will adopt the sentiment that these financial institutions are TOO BIG TO FAIL and that the fate of the US economy hangs in their balance, which would then lead these investors to blindly assume trust on crypto not collapsing. The average financial analyst will assume that these big institutions would never assume such risky positions unless they knew something that the common man doesn't. What people forget is that these large institutions care about their FEES above all else. Regardless of BTC rising or crashing, so as long as they can charge their customer fees and get money for subsidized gambling, they don't give a fuck about the fate of BTC or any other cryptocurrency.
  • A move from a worldwide dependence on oil to more sustainable sources of energy (electric, solar, hydrogen, wind sources etc). Given that oil is priced in dollars, we've had a monopoly in the world markets, but if you take the value of oil away, it will hurt the US dollar index substantially and lends more value to BTC. With some states like California talking about removing all oil powered cars by 2030 (clean car mandate), this could slowly set a trend that could be followed by other states, which could be bad for big oil companies and of course the US dollar.
  • Fear of the US dollar undergoing substantial inflation (due to US gov't counting on the FED to continuously keep monetizing the debt in order to keep funding additional relief packages, keep our economy on life support & to furthermore fund the green new deal that democrats will aim for under Biden). If the USD loses value, most people will look for alternatives hedges against inflation. While I believe in different assets (Real Estate etc), some will blindly place trust in digital FIAT currency.

Let me know what you guys think. As an accountant, easily over half of my clients have sizable positions in BitCoin and when now preparing their taxes for the 2020 year, I keep asking the same questions to them that I have posed to you all. Sadly, they are mostly driven by the fear of missing out on a possible great opportunity created by BTC to make money. They're not looking at the end game, but instead following the guidance of their financial advisors that are of course supplied by the big financial trading firms.

"1"

Governments only.care about getting taxes from this. Thats all.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on January 16, 2021, 10:30:10 AM
Quote from: Bindare_Dundat on January 16, 2021, 10:28:59 AM
Governments only.care about getting taxes from his. Thats all.

Huh? Not sure what you mean by this statement.

Also, I think you are very mistaken if you think the US government only cares about taxation. While taxation is helpful for funding government sponsored programs and expenditures, the government holds power by way of their standing throughout international markets (particularly as the world's superpower & reserve currency). If we lose our position as the world reserve currency, which is directly tied to the US government, then we lose it all. If our currency holds less value or no value at all, we stop being the superpower that we are, which in turns renders us less useful in global markets.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 16, 2021, 10:34:54 AM
Quote from: OneMoreRep on January 16, 2021, 10:30:10 AM
Huh? Not sure what you mean by this statement.

Also, I think you are very mistaken if you think the US government only cares about taxation. While taxation is helpful for funding government sponsored programs and expenditures, the government holds power by way of their standing throughout international markets (particularly as the world's superpower & reserve currency). If we lose our position as the world reserve currency, which is directly tied to the US government, then we lose it all. If our currency holds less value or no value at all, we stop being the superpower that we are, which in turns renders us less useful in global markets.

"1"

They want to be able to get to your money. Many countries have tried to stop crypto and failed. The US hasn put in a serious effort thus far.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on January 16, 2021, 10:39:03 AM
Quote from: Bindare_Dundat on January 16, 2021, 10:34:54 AM
They want to be able to get to your money. Many countries have tried to stop crypto and failed.

But when you have the worlds' central banks teaming up with a push towards stronger regulation of crypto currencies, there is very little hope for it to not get squeezed.

The world depends on these central banks. The US economy wouldn't survive without the Federal reserve and now that Jerome Powell is talking about a Fed coin being a high priority & Christine Lagarde (president of European Central Bank) is calling for more regulation, how long do you think it will take for BTC to start crumbling"?

Central banks wield all the power in the world, not digital currencies.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 16, 2021, 11:54:07 AM
Quote from: OneMoreRep on January 16, 2021, 10:39:03 AM
But when you have the worlds' central banks teaming up with a push towards stronger regulation of crypto currencies, there is very little hope for it to not get squeezed.

The world depends on these central banks. The US economy wouldn't survive without the Federal reserve and now that Jerome Powell is talking about a Fed coin being a high priority & Christine Lagarde (president of European Central Bank) is calling for more regulation, how long do you think it will take for BTC to start crumbling"?

Central banks wield all the power in the world, not digital currencies.

"1"

Guess it depends on what people perceive the purpose of Bitcoin is. I dont see it as a competing currency. I look at it as digital gold. Central banks own gold, I don't see how this is any different.
 cryptos have different purposes/utility

I think that's what yoire getting at. I'm kinda distracted at the moment. Lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on January 16, 2021, 12:09:20 PM
Why am I listed as the thread starter?  I didn't start this thread.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 16, 2021, 12:36:18 PM
Quote from: LurkerNoMore on January 16, 2021, 12:09:20 PM
Why am I listed as the thread starter?  I didn't start this thread.

You have the first post in this thread  ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 16, 2021, 02:10:15 PM
Quote from: Griffith on January 16, 2021, 04:50:41 AM
I'm considering Ethereum as well.

How much of a dip do you think we will see?

At the moment it's about $ 1200.

The dip is tough. I believe BtC goes to low 30s and everyone thinks I am mad. ETH would be around 1k at that point.

My original estimate for BTC was around the 77k region but that was back at 20k or so. Now price has gone up to 40k that number is probably closer to 95k.

BTC 77k / ETH 3k
BTC 95k / ETH 4K

That is conservative because unless you watch it like a demon you won’t get the top.

ETH should tap 5k-7k peak price. July timeframe, hence I sold BtC to move to ETH.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 16, 2021, 09:58:16 PM
Quote from: OneMoreRep on January 16, 2021, 10:39:03 AM
But when you have the worlds' central banks teaming up with a push towards stronger regulation of crypto currencies, there is very little hope for it to not get squeezed.

The world depends on these central banks. The US economy wouldn't survive without the Federal reserve and now that Jerome Powell is talking about a Fed coin being a high priority & Christine Lagarde (president of European Central Bank) is calling for more regulation, how long do you think it will take for BTC to start crumbling"?

Central banks wield all the power in the world, not digital currencies.

"1"

Regulation means adoption equals higher price. If people don’t want regulation then they can’t have the higher price. Institutions will not enter an unregulated market because they are regulated themselves.

There is no squeeze from regulation. We saw a 10k-20k increase in price when grayscale, microstrategy and square entered into the market. They are institutions. We see a growth of price the more regulated crypto becomes.

 The world has bigger problems than crypto. We are in a depression right now. The US Has blown the. dow Jones to 30.5k during a pandemic causing the metrics to blow up. The risk in 2021 is a major capital flight from the Dow Jones. BTC will be 0.4T by the end of this year, that is peanuts vs a 50T collapse of the share market let alone the flow on effect after that.

If there is a capital flight it will be to gold and the US Dollar overwhelmingly.

The Fed coin is expansionary and the same as the USD. It will be used for basal income purposes. BTC is the opposite and not a wide spread tender for payment of goods and services. They are not in the same boat.

The biggest killer is people’s hatred for BTC. People said it would die at $300 and people still say it will die at $40,000. Meanwhile a shitload of money has been made.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 16, 2021, 11:45:43 PM
Quote from: Mayday on January 16, 2021, 09:58:16 PM
BTC will be 0.4T by the end of this year, that is peanuts vs a 50T collapse of the share market let alone the flow on effect after that.
BTC is already at 0.648T and was 0.762T when the price hit 40K.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 17, 2021, 12:19:44 AM
Raoul Pal believes that in 10 years Ethereum could have a bigger market cap than Bitcoin.

https://coinjournal.net/news/investor-claims-ethereum-may-surpass-market-cap-of-bitcoin/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 17, 2021, 01:12:11 AM
Quote from: obsidian on January 16, 2021, 11:45:43 PM
BTC is already at 0.648T and was 0.762T when the price hit 40K.

You missed ‘end of the year’....  you’ll see....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 17, 2021, 01:26:40 AM
https://twitter.com/RaoulGMI/status/1347013614465638401?s=20

Raoul Pal: Yeah, ETH might well go to $20,000 this cycle... (exact same as BTC last cycle, by market cap ETH will be bigger)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 17, 2021, 02:19:29 AM
Quote from: Griffith on January 17, 2021, 01:26:40 AM
https://twitter.com/RaoulGMI/status/1347013614465638401?s=20

Raoul Pal: Yeah, ETH might well go to $20,000 this cycle... (exact same as BTC last cycle, by market cap ETH will be bigger)

JPMorgan said BTC US146k but they don’t know when.

Let’s assume it’s during this round in 2021.

To get ETH to 20k is a ratio of 13.6 assuming a BTC value of 146k.

Look into history and we can confirm it has been up to a ratio of 0.17. Therefore we can say that yes, it has been that high in the past. However, look into that and we can see it was high at the start and then crashed to a 0.02 ratio.

This ramp we have seen up to a 0.035 ratio.

If I step back into my strategic mindset I’d suggest that it could go to 0.1 this cycle. When BTC taps 100k it becomes a mental roadblock for retail buyers who can’t afford 1 coin for 10k. However ETH for 10k can give them a coin. These buyers don’t care about metrics, only the multiple and price point psychology is massive to these buyers.

5k confident.
7k-8k stretch in the final run to BTC @ 100k+
10k on an overrun after BtC crashes

That’s as far as I can suggest is possible at this stage.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 17, 2021, 09:10:21 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on January 17, 2021, 09:38:55 AM
Quote from: Mayday on January 16, 2021, 09:58:16 PM
Regulation means adoption equals higher price. If people don’t want regulation then they can’t have the higher price. Institutions will not enter an unregulated market because they are regulated themselves.

There is no squeeze from regulation. We saw a 10k-20k increase in price when grayscale, microstrategy and square entered into the market. They are institutions. We see a growth of price the more regulated crypto becomes.

 The world has bigger problems than crypto. We are in a depression right now. The US Has blown the. dow Jones to 30.5k during a pandemic causing the metrics to blow up. The risk in 2021 is a major capital flight from the Dow Jones. BTC will be 0.4T by the end of this year, that is peanuts vs a 50T collapse of the share market let alone the flow on effect after that.

If there is a capital flight it will be to gold and the US Dollar overwhelmingly.

The Fed coin is expansionary and the same as the USD. It will be used for basal income purposes. BTC is the opposite and not a wide spread tender for payment of goods and services. They are not in the same boat.

The biggest killer is people’s hatred for BTC. People said it would die at $300 and people still say it will die at $40,000. Meanwhile a shitload of money has been made.

I hate to requote an old post of mine, but comment on these points I made, as they're points that relate to what the heads of the US Federal Reserve Bank, the European Central Bank and UBS had to say regarding BTC.

These are the people that mold and control the direction in which our economy goes. These are not just random CNBC commentators. Also, remember that some of the greatest investors in all of the world's history are staying away from it.

Quote from: OneMoreRep on January 16, 2021, 10:09:43 AM
I'm sorry gentlemen, but this shit seems like a disaster.

Bitcoin is a highly speculative asset. It has created a bubble inflated by fear, speculation and hopes of a viable hedge against inflation + or even the possible collapse of the US dollar.

Here are some scenarios which could lead to a drastic drop in the value of BTC:

  • The European Central Bank's president, Christine Lagarde, has called for greater regulation of BTC. If the European governments decide to squeeze BTC, it can lead to it's downfall. Not to mention that once Biden comfortable in the White House, he will most likely start to do the same and demand more regulation towards BTC.
  • On Thursday, January 12, 2021, Federal Reserve chairman Jerome Powell stressed the fact that the creation of central bank digital currencies (CBDCs) is a very high priority. In other words, the US Federal Reserve Bank is already working on this and this is essentially the epitaph on BitCoin's tombstone.
  • Why is BTC seeking for crypto custody by large US financial institutions? Playing devil's advocate, let's consider an alternate scenario as to the reason "why" BTC is looking for assumption of crypto custody by large US financial institutions. I believe BTC’s recent search for crypto custody by large US financial institutions (like Goldman Sachs, JP Morgan & CitiBank) is likely a move out of sheer desperation by BTC due to fears of likely incoming government regulation and furthermore the creation of a Federal Reserve digital currency. Remember, the Federal Reserve (which is made up of the 12 distinct Federal Reserve banks in the USA) is not owned by the US government (even though the US government/President can nominate a chairman). There are old families, which control some of the largest financial institutions here in the USA, that are behind the FED in its totality. I think it is farfetched to assume that after they (the families) built up the USA's standing as the current world superpower with the world's reserve FIAT currency, that they will just bend over and allow for the rise of BTC as the alternative to the US Dollar. If the FED gets involved and pushes for a FED coin (As Jerome Powell just suggested), BTC will disappear or at the very least crawl back into the speculative cave from which it came from to die a painful death.
  • If the USD index continues to rise as recently seen this past week, then BTC value will undoubtedly drop as there has always been an inverse correlation between the two.
  • Increased US government regulation of cryptocurrencies. Remember, Joe Biden and his party want more government regulation & taxation. This is the Democratic party for fuck's sake and they're about wealth redistribution at the cost of the wealthy. For anyone to think that a hypothetical store of wealth like BitCoin (where many of the "young" rich are trying to hide their money) would be immune to high government regulation, that Biden and family look to bring, is downright naive. Also, with the European Central Bank calling for more regulation of BitCoin, how long before the US Federal Reserve bank does the same? If the Fed follows in similar path to the European Central Bank, you better bet the house on the fact that Biden and Democratically controlled Congress will do as the FED asks, because they (The FED) are literally the USA's piggy bank.
  • If a better designed version of cryptocurrency is created, it can also make BTC go away (this was most recently voiced by UBS).
  • History has shown us that right as stocks (of any kind) are overbought, this most often times than not leads to ultimate corrections in price. Right now, BTC is way overvalued & overbought, I think his most recent 28% drop in the price of BTC was just the beginning.

Here are some scenarios which could lead to a temporary rise (even if short-lived) in the value of BTC:

  • Crypto custody assumed by large US financial institutions. This will create a false sense of security, as traders/investors in Wall Street will adopt the sentiment that these financial institutions are TOO BIG TO FAIL and that the fate of the US economy hangs in their balance, which would then lead these investors to blindly assume trust on crypto not collapsing. The average financial analyst will assume that these big institutions would never assume such risky positions unless they knew something that the common man doesn't. What people forget is that these large institutions care about their FEES above all else. Regardless of BTC rising or crashing, so as long as they can charge their customer fees and get money for subsidized gambling, they don't give a fuck about the fate of BTC or any other cryptocurrency.
  • A move from a worldwide dependence on oil to more sustainable sources of energy (electric, solar, hydrogen, wind sources etc). Given that oil is priced in dollars, we've had a monopoly in the world markets, but if you take the value of oil away, it will hurt the US dollar index substantially and lends more value to BTC. With some states like California talking about removing all oil powered cars by 2030 (clean car mandate), this could slowly set a trend that could be followed by other states, which could be bad for big oil companies and of course the US dollar.
  • Fear of the US dollar undergoing substantial inflation (due to US gov't counting on the FED to continuously keep monetizing the debt in order to keep funding additional relief packages, keep our economy on life support & to furthermore fund the green new deal that democrats will aim for under Biden). If the USD loses value, most people will look for alternatives hedges against inflation. While I believe in different assets (Real Estate etc), some will blindly place trust in digital FIAT currency.

Let me know what you guys think. As an accountant, easily over half of my clients have sizable positions in BitCoin and when now preparing their taxes for the 2020 year, I keep asking the same questions to them that I have posed to you all. Sadly, they are mostly driven by the fear of missing out on a possible great opportunity created by BTC to make money. They're not looking at the end game, but instead following the guidance of their financial advisors that are of course supplied by the big financial trading firms.

Let me know what you think.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 17, 2021, 09:47:37 AM
Quote from: OneMoreRep on January 17, 2021, 09:38:55 AM
I hate to requote an old post of mine, but comment on these points I made, as they're points that relate to what the heads of the US Federal Reserve Bank, the European Central Bank and UBS had to say regarding BTC.

These are the people that mold and control the direction in which our economy goes. These are not just random CNBC commentators. Also, remember that some of the greatest investors in all of the world's history are staying away from it.

Let me know what you think.

"1"

Are you trying to be convinced to get into crypto or are you trying to deter people from getting involved?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on January 17, 2021, 11:05:45 AM
Quote from: Bindare_Dundat on January 17, 2021, 09:47:37 AM
Are you trying to be convinced to get into crypto or are you trying to deter people from getting involved?

I don't actively trade in any stocks in the market (assets, commodities or even these more modern hedges against inflation via crypto). I solely invest in the market via index funds and ETFs.

That said, as a student of economics and accounting, I'm trying to find the value and reason behind this recent move towards BTC, as it appears to be a speculative bubble.

So to answer your question, I'm not trying to be convinced to buy BTC. Nor am I trying to dissuade any of you from using your money as you see fit.

Even institutional traders on Wall Street aren't very convinced by this, but they'll gladly have their retail traders have the common folk buy the fuck out of BTC to inflate the price of it.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 17, 2021, 02:57:33 PM
Quote from: OneMoreRep on January 17, 2021, 11:05:45 AM
I don't actively trade in any stocks in the market (assets, commodities or even these more modern hedges against inflation via crypto). I solely invest in the market via index funds and ETFs.

That said, as a student of economics and accounting, I'm trying to find the value and reason behind this recent move towards BTC, as it appears to be a speculative bubble.

So to answer your question, I'm not trying to be convinced to buy BTC. Nor am I trying to dissuade any of you from using your money as you see fit.

Even institutional traders on Wall Street aren't very convinced by this, but they'll gladly have their retail traders have the common folk buy the fuck out of BTC to inflate the price of it.

"1"

I’ll go with your points being in regards to the life of BtC and not what happens in this current cycle (I have said i believe BTC is going to low 30s, brief dip into the 20s followed by a rally to 55k in this cycle).

I just see it very differently to you and the majority.

The key is forming a timeframe with one’s prediction or forecast. That is a feasibility test in itself. If you say BTC goes to zero tomorrow, is it feasible?

The points you list as negatives in your opinion you equate to risk and a downfall in price. Whereas I see it as moves towards acceptance and adoption with a resulting increase in price. The real world outcome of regulation so far has been correlated to an increase in price. Therefore the position of regulation = downward price pressure has been historically proven incorrect.

To continue to use regulation = downward price pressure as an argument for collapse requires a 180 on the historic results for future results. Sure it can happen but you need a catalyst for that to occur and change the trend.

Did BTC stop at 300?
Did BtC stop at 1,000?
Did BtC stop at 10,000?
Did BtC stop at 20,000?
Did BtC stop at 30,000?

Now let’s go with a catalyst and what it could be. My opinion is that the success of BTC would be the most likely catalyst for it’s failure. My biggest red flag for BTC is the old money isn’t the largest holders, therefore the threat is the largest holders being able to either cash out into fiat or acquire leverage against their holdings and buy those people out.

If we roll with that it means we need to see BTC succeed to a certain level. That level we could identify as nearing a point where large holders can cash out and/or acquire huge leverage against their coins to purchase other assets.

For 2021 we see a base level price of 20k and a volatility spike to 100k. For 2022 we see a base level to 40k stock to flow. We probably need a 100k base price and a 500k volatility spike to really ruffle feathers. Put my finger in the air and I’d suggest 2025 being the catalyst year.


I don’t believe BTC will go to zero but I believe it will be overtaken.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 17, 2021, 09:02:58 PM
Quote from: Mayday on January 17, 2021, 02:57:33 PM
I’ll go with your points being in regards to the life of BtC and not what happens in this current cycle (I have said i believe BTC is going to low 30s, brief dip into the 20s followed by a rally to 55k in this cycle).

I just see it very differently to you and the majority.

The key is forming a timeframe with one’s prediction or forecast. That is a feasibility test in itself. If you say BTC goes to zero tomorrow, is it feasible?

The points you list as negatives in your opinion you equate to risk and a downfall in price. Whereas I see it as moves towards acceptance and adoption with a resulting increase in price. The real world outcome of regulation so far has been correlated to an increase in price. Therefore the position of regulation = downward price pressure has been historically proven incorrect.

To continue to use regulation = downward price pressure as an argument for collapse requires a 180 on the historic results for future results. Sure it can happen but you need a catalyst for that to occur and change the trend.

Did BTC stop at 300?
Did BtC stop at 1,000?
Did BtC stop at 10,000?
Did BtC stop at 20,000?
Did BtC stop at 30,000?

Now let’s go with a catalyst and what it could be. My opinion is that the success of BTC would be the most likely catalyst for it’s failure. My biggest red flag for BTC is the old money isn’t the largest holders, therefore the threat is the largest holders being able to either cash out into fiat or acquire leverage against their holdings and buy those people out.

If we roll with that it means we need to see BTC succeed to a certain level. That level we could identify as nearing a point where large holders can cash out and/or acquire huge leverage against their coins to purchase other assets.

For 2021 we see a base level price of 20k and a volatility spike to 100k. For 2022 we see a base level to 40k stock to flow. We probably need a 100k base price and a 500k volatility spike to really ruffle feathers. Put my finger in the air and I’d suggest 2025 being the catalyst year.


I don’t believe BTC will go to zero but I believe it will we overtaken.


Ethereum?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 18, 2021, 01:56:24 AM
Quote from: Mayday on January 17, 2021, 02:57:33 PM
I’ll go with your points being in regards to the life of BtC and not what happens in this current cycle (I have said i believe BTC is going to low 30s, brief dip into the 20s followed by a rally to 55k in this cycle).

I just see it very differently to you and the majority.

The key is forming a timeframe with one’s prediction or forecast. That is a feasibility test in itself. If you say BTC goes to zero tomorrow, is it feasible?

The points you list as negatives in your opinion you equate to risk and a downfall in price. Whereas I see it as moves towards acceptance and adoption with a resulting increase in price. The real world outcome of regulation so far has been correlated to an increase in price. Therefore the position of regulation = downward price pressure has been historically proven incorrect.

To continue to use regulation = downward price pressure as an argument for collapse requires a 180 on the historic results for future results. Sure it can happen but you need a catalyst for that to occur and change the trend.

Did BTC stop at 300?
Did BtC stop at 1,000?
Did BtC stop at 10,000?
Did BtC stop at 20,000?
Did BtC stop at 30,000?

Now let’s go with a catalyst and what it could be. My opinion is that the success of BTC would be the most likely catalyst for it’s failure. My biggest red flag for BTC is the old money isn’t the largest holders, therefore the threat is the largest holders being able to either cash out into fiat or acquire leverage against their holdings and buy those people out.

If we roll with that it means we need to see BTC succeed to a certain level. That level we could identify as nearing a point where large holders can cash out and/or acquire huge leverage against their coins to purchase other assets.

For 2021 we see a base level price of 20k and a volatility spike to 100k. For 2022 we see a base level to 40k stock to flow. We probably need a 100k base price and a 500k volatility spike to really ruffle feathers. Put my finger in the air and I’d suggest 2025 being the catalyst year.


I don’t believe BTC will go to zero but I believe it will we overtaken.

I think onemorerep is looking at BTC main purpose as a competing currency and thats why he views it so negatively.  But if you look at it as a store of wealth the way gold bugs do, it changes the picture.
Same with ethereum. It works a different way then bitcoin does,  it allows for person to person  contracts exchanges across many asset classes,  Polkadot does yet something else. They all have different uses.

Maybe I'm wrong here, but I think if you can get out of the box of looking at btc as competing currency, things open up a bit more.

Please, anyone,  correct me if I'm wrong here. Just got up, not proofreading my statement, so hopefully it makes sense. Lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 18, 2021, 05:03:48 AM
Quote from: Bindare_Dundat on January 18, 2021, 01:56:24 AM
I think onemorerep is looking at BTC main purpose as a competing currency and thats why he views it so negatively.  But if you look at it as a store of wealth the way gold bugs do, it changes the picture.
Same with ethereum. It works a different way then bitcoin does,  it allows for person to person contracts that excludes a third party,  and it could be for any asset. Polkadot does yet something else. They all have different uses.

Maybe I'm wrong here, but I think if you can get out of the box of looking at btc as competing currency, things open up a bit more.

Please, anyone,  correct me if I'm wrong here. Just got up, not proofreading my statement, so hopefully it makes sense. Lol

I wonder how much of this newbie FUD goes out the window if it was simply known as a 'crypto-store of value' versus a cryptocurrency?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 18, 2021, 05:33:37 AM
https://www.cmegroup.com/media-room/press-releases/2020/12/16/cme_group_to_launchetherfuturesonfebruary82021.html

CME Group to Launch Ether Futures on February 8, 2021

CME Group, the world's leading and most diverse derivatives marketplace, announced it intends to launch Ether futures starting February 8, 2021, pending regulatory review.

The new contract will be cash-settled, based on the CME CF Ether-Dollar Reference Rate, which serves as a once-a-day reference rate of the U.S. dollar price of Ether.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 18, 2021, 05:40:28 AM
Quote from: polychronopolous on January 18, 2021, 05:03:48 AM
I wonder how much of this newbie FUD goes out the window if it was simply known as a 'crypto-store of value' versus a cryptocurrency?


None if how you perceive value is in line with reality. IMO you have to suspend all perception of counterparty risk in favor of greed to get there.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: D.O.A. on January 18, 2021, 05:51:23 AM
Quote from: jr on December 20, 2017, 09:34:27 PM

:D
That dude is awesome! Im buying coins right now
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 18, 2021, 05:58:58 AM
From 1:50 briefly explains the Ethereum platform. It is also the system currently used for USDC, a digital coin backed by the US dollar, and also for any stablecoins (digitial currencies pegged to national currencies or commodities). Paypal will also be using USDC.

Ethereum is also the blockchain now used by several major banks, including JP Morgan.

Many countries do not allow purchasing of foreign currency, so I think for Third World countries or countries with weak, unstable or devaluing currencies, USDC could be huge. It would be a way to hedge against local currency devaluation without having to physically buy hard currency and be relatively stable as it's pegged to and backed by a hard currency.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on January 18, 2021, 11:09:45 AM
Quote from: Mayday on January 17, 2021, 02:57:33 PM
The points you list as negatives in your opinion you equate to risk and a downfall in price. Whereas I see it as moves towards acceptance and adoption with a resulting increase in price. The real world outcome of regulation so far has been correlated to an increase in price. Therefore the position of regulation = downward price pressure has been historically proven


That's one of the places where we differ, because any time regulation comes into play, it adds additional layers of complexity and oversight, which then makes it harder to openly trade.

Quote from: Mayday on January 17, 2021, 02:57:33 PM
To continue to use regulation = downward price pressure as an argument for collapse requires a 180 on the historic results for future results. Sure it can happen but you need a catalyst for that to occur and change the trend.

What catalyst can you envision?

Quote from: Mayday on January 17, 2021, 02:57:33 PM
My biggest red flag for BTC is the old money isn’t the largest holders, therefore the threat is the largest holders being able to either cash out into fiat or acquire leverage against their holdings and buy those people out.

I've been noticing that. Old money (Big money) isn't jumping at BTC and apparently neither are too many institutional traders.

Quote from: Mayday on January 17, 2021, 02:57:33 PM
I don’t believe BTC will go to zero but I believe it will we overtken.

By who, a better version of crypto or instead a government sponsored version of digital currency? I can't imagine any government, US or otherwise, not chomping at the bit to introduce digital currency for the purpose of continuing to grow their economy BUT most importantly, to have absolute oversight of ALL of its citizens.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 18, 2021, 02:41:38 PM
Quote from: OneMoreRep on January 18, 2021, 11:09:45 AM


That's one of the places where we differ, because any time regulation comes into play, it adds additional layers of complexity and oversight, which then makes it harder to openly trade.

What catalyst can you envision?

I've been noticing that. Old money (Big money) isn't jumping at BTC and apparently neither are too many institutional traders.

By who, a better version of crypto or instead a government sponsored version of digital currency? I can't imagine any government, US or otherwise, not chomping at the bit to introduce digital currency for the purpose of continuing to grow their economy BUT most importantly, to have absolute oversight of ALL of its citizens.

"1"

**That's one of the places where we differ
This is why it is absolutely critical to allocate a timeframe to one's prediction in order to perform a feasibility test. The current historical trend proves your position of regulation = downward price pressure to be factually incorrect for almost a decade now. In 2021 your feeling will be wrong again which makes it 11 years of being wrong. 2022 BTC will most likely still be humming along which will make it 12 years of being wrong..... See what i mean?

Absolutely regulation can kill it. However, if from $300 you say it's going to die a fiery death and then at $500,000 it turns out it does actually die a fiery death and you are cheering about how intelligent you are...... well that probably won't be something to brag about.


**What catalyst can you envision?
The success of BTC. It reaches a price point where large holders can liquidate a large portion and also acquire leverage against holdings to purchase other assets. This won't be 2021 or 2022 simply because BTC won't crack 1T market cap on a trendline pattern. I would monitor from 2023-2025 timeframe.

**I've been noticing that. Old money (Big money) isn't jumping at BTC and apparently neither are too many institutional traders.
Exactly. Notice they never say crypto is dead....... they are always very specific to state that BTC is a POS......


**By who
BTC to be overtaken by another coin in the crypto market.

I don't believe the central bank sovereign coins are a threat (this is just how i feel right now) based on my knowledge of monetary systems and the money supply. They are expansionary vs existing coins which are fixed which means they are not a thread to the scarcity belief system of crypto today.  I believe the new digital coins will form the basis of UBI payments and only allow purchases of specific products. Ie the Fed crypto allows purchases of basic needs - food, basic clothing, shelter, transport by approved vendors. If you want the 'nice' stuff then that will be purchased by your income.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 18, 2021, 04:02:25 PM
Quote from: Griffith on January 17, 2021, 09:02:58 PM
Ethereum?

In the short term (as in <5yrs) i think ETH will overtake BTC. I think BTC already has cracks.

We are looking at generation 1 crypto today and i think it is something which will evolve over time.

The world's target for reduced emissions and greater energy efficiency will ultimately drive the market direction.

We know that existing cryptos can be updated until they reach a point where it's too cumbersome to continue updating and it makes more sense to begin on a new platform. I'd expect a change of guard multiple times over a longer timespan.


Besides, what are the odds we discovered BTC digital gold (which requires a creation of a belief system) vs ETH a worldwide fast payment platform ?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on January 18, 2021, 06:12:14 PM
I just read that Citibank is predicting $380k price by end of year. Wtf.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 18, 2021, 07:43:40 PM
Quote from: El Diablo Blanco on January 18, 2021, 06:12:14 PM
I just read that Citibank is predicting $380k price by end of year. Wtf.

That's more than 3 x higher that Mr Anabolic' s "first 100,000 then 1,000,000" slogan.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 18, 2021, 07:51:48 PM
Quote from: gib on January 18, 2021, 07:43:40 PM
Lol - That's more than 3 x higher than the first part of Mr Anabolic' s "first 100,000 then 1,000,000" slogan that he used to use in attempt to mock me.

Oh the irony. Its a beautiful thing...

When we get to 100K, I will be a beautiful post for him to mark the occasion, that's for sure...:)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 18, 2021, 07:58:34 PM
Quantum computers might be the end of crypto.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on January 18, 2021, 08:32:23 PM
I truly wonder if a Bitcoin bolder is the worlds richest person on paper.  A couple people own a shut load of them. If it hits $380k then we might have our first Trillionaire.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 18, 2021, 08:36:19 PM
Quote from: Bindare_Dundat on January 18, 2021, 07:58:34 PM
Quantum computers might be the end of crypto.

No, it wont.

But, harvesting a gold meteorite from out of space might be the end of gold... lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on January 18, 2021, 10:42:43 PM
Quote from: gib on January 18, 2021, 07:51:48 PM
When we get to 100K, I will be a beautiful post for him to mark the occasion, that's for sure...:)

When we get to 100k you will no longer be the richest person in this neck of the woods....:)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 18, 2021, 11:07:47 PM
Quote from: gib on January 18, 2021, 08:36:19 PM
No, it wont.

But, harvesting a gold meteorite from out of space might be the end of gold... lol

Uh ok. Think you're being overly confident when it comes to quantum computing and the future of crypto. Itll be years before it possible but never say never.

As long as it takes a quantum computer longer to derive the private key of a specific public key then the network should be safe against a quantum attack. ... If a quantum computer will ever get closer to the 10 minutes mark to derive a private key from its public key, then the Bitcoin blockchain will be inherently broken.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 18, 2021, 11:14:07 PM
Quote from: Bindare_Dundat on January 16, 2021, 08:22:17 AM
Eth, is close.

Some big moves last night. Staying strong, throughout the recent btc ups and downs. Could it break a high today?


Flipped: Ethereum now processes 28% more transactions than Bitcoin

https://cointelegraph.com/news/flipped-ethereum-now-processes-28-more-transactions-than-bitcoin

Ethereum price inches closer to a new all-time high as Bitcoin consolidates

https://cointelegraph.com/news/ethereum-price-inches-closer-to-a-new-all-time-high-as-bitcoin-consolidates
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 19, 2021, 01:44:10 AM
Quote from: Bindare_Dundat on January 18, 2021, 11:14:07 PM
Some big moves last night. Staying strong, throughout the recent btc ups and downs. Could it break a high today?


Flipped: Ethereum now processes 28% more transactions than Bitcoin

https://cointelegraph.com/news/flipped-ethereum-now-processes-28-more-transactions-than-bitcoin

Ethereum price inches closer to a new all-time high as Bitcoin consolidates

https://cointelegraph.com/news/ethereum-price-inches-closer-to-a-new-all-time-high-as-bitcoin-consolidates

It’s something that requires a wait calculation.

The ratio of ETH to BTC will increase largely in the short term.

Wait for a pullback in price meanwhile the ratio increases pulling the price upwards so by the time you have the pullback the price ends up at the same level you started waiting at......

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 19, 2021, 02:41:44 AM
Ethereum very close to ATH. Some think it could double in short order after surpassing the ATH.

https://bitcoinist.com/ethereum-hits-three-year-high-as-bitcoin-volatility-dims-record-highs-ahead/

Ivan on Tech reckons ETH could go to 50k. Here he breaks it down.



BitBoy Crypto thinks Ethereum will hit 27k by October 2021.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 19, 2021, 02:47:08 AM
Quote from: Theoak* on January 18, 2021, 10:42:43 PM
When we get to 100k you will no longer be the richest person in this neck of the woods....:)
It would suck if one Bitcoin hits $1 million right when minimum wage is bumped up to $100,000 per hour. Then you could buy a Bitcoin after 10 hours work slumming it at McDonalds! A 2020 $24,000 car now costs $160 million. So you can buy it with 160 Bitcoin! LMAO!

Actually if inflation gets that bad perhaps 1 BTC will go to $100 million or more.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 19, 2021, 03:57:05 AM
Started selling some eth this morning.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on January 19, 2021, 05:17:04 AM
Quote from: OneMoreRep on January 18, 2021, 11:09:45 AM


That's one of the places where we differ, because any time regulation comes into play, it adds additional layers of complexity and oversight, which then makes it harder to openly trade.

What catalyst can you envision?

I've been noticing that. Old money (Big money) isn't jumping at BTC and apparently neither are too many institutional traders.

By who, a better version of crypto or instead a government sponsored version of digital currency? I can't imagine any government, US or otherwise, not chomping at the bit to introduce digital currency for the purpose of continuing to grow their economy BUT most importantly, to have absolute oversight of ALL of its citizens.

"1"

the use of the term "crypto" is one of the reasons why "crypto" is such a scammy shitshow. "crypto" is an invalid categorization which implies shitcoins belong in the same category as bitcoin. to noobs this false framing leads to a completely fucked up and weird understanding of the entire phenomenon. noobs tend to think about different types of "crypto" as if they were different sports teams that compete in a league or as different stocks of various companies that compete for performance. this is utter and complete bullshit.

bitcoin is a protocol for exchanging value like the internet is a protocol for exchanging information. referring to the examples above bitcoin is not a single soccer team that happens to be leading momentarily. while shitcoins may be viewed as soccer teams of various kinds, bitcoin is the entire league, even better, bitcoin is soccer in general. the whole game in its entirety, with the complete history, all teams in all leagues worldwide. why would you try to pick a single team that may or may not become a winner when you could have a share of all soccer in general? shitcoins could be viewed as stocks of various different companies. bitcoin would not represent a single stock. bitcoin is the entire stock market. why trying to pick a single stock that may or may not perform well in the future when you could buy a share of all stock markets globally?

only bitcoin is a fair protocol that is not owned by any individual, company, state or other entity. it is owned by its users. ALL OTHER projects in the crypto space are owned by their inventors (mostly companies whose sole reason to exist is to make profit.) no other project is truly decentralized - only bitcoin is. bitcoin and shitcoins aren´t even remotly comparable. putting them in the same category labeled "crypto" is misleading and hides the fact that all those projects are scams.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 19, 2021, 05:54:46 AM
Quote from: Theoak* on January 19, 2021, 05:17:04 AM
the use of the term "crypto" is one of the reasons why "crypto" is such a scammy shitshow. "crypto" is an invalid categorization which implies shitcoins belong in the same category as bitcoin. to noobs this false framing leads to a completely fucked up and weird understanding of the entire phenomenon. noobs tend to think about different types of "crypto" as if they were different sports teams that compete in a league or as different stocks of various companies that compete for performance. this is utter and complete bullshit.

bitcoin is a protocol for exchanging value like the internet is a protocol for exchanging information. referring to the examples above bitcoin is not a single soccer team that happens to be leading momentarily. while shitcoins may be viewed as soccer teams of various kinds, bitcoin is the entire league, even better, bitcoin is soccer in general. the whole game in its entirety, with the complete history, all teams in all leagues worldwide. why would you try to pick a single team that may or may not become a winner when you could have a share of all soccer in general? shitcoins could be viewed as stocks of various different companies. bitcoin would not represent a single stock. bitcoin is the entire stock market. why trying to pick a single stock that may or may not perform well in the future when you could buy a share of all stock markets globally?

only bitcoin is a fair protocol that is not owned by any individual, company, state or other entity. it is owned by its users. ALL OTHER projects in the crypto space are owned by their inventors (mostly companies whose sole reason to exist is to make profit.) no other project is truly decentralized - only bitcoin is. bitcoin and shitcoins aren´t even remotly comparable. putting them in the same category labeled "crypto" is misleading and hides the fact that all those projects are scams.

Ethereum is already the most used blockchain.

It's used by some of the biggest banks and all stablecoins, such as USDC, use Ethereum. All digital currencies pegged to a hard currency are using the system, processing all of those exchanges.

As mentioned above it's already processing 28% more transactions than Bitcoin.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 19, 2021, 06:02:23 AM

'Pay attention' — Grayscale adds 18x the Bitcoin mined supply in one day

Bitcoin worth $600 million gets taken off the market as BTC/USD struggles to cement support for a retest of $40,000.

Asset manager Grayscale added 18 times more Bitcoin (BTC) than miners added to the supply in just one day on Jan. 18.

As various data sources confirm, Grayscale, which remains the biggest institutional buyer in the Bitcoin space, purchased a total of 16,244 BTC ($607 million) on Monday.


The giant sums are some of the biggest on record and are an order of magnitude above what even Grayscale was attempting just last week. The company previously saw daily buys but stopped over the holiday period and reduced its allocations in the first week of the new year.

Monday’s activities bring its total assets under management (AUM) to almost $23 billion. As Cointelegraph reported, the total increased tenfold during 2020.

“Grayscale were buying $251 M of #Bitcoin on avg per week in Q4 2020,” Danny Scott, CEO of United Kingdom-based cryptocurrency exchange CoinCorner, tweeted.

    “Last week they did $700 M in 1 day... And today $590 M... Pay attention.”

The move underscores both Grayscale’s continued faith in Bitcoin as a long-term play and that of institutions choosing Bitcoin over any other form of macro asset.

Despite mixed messages from fellow asset manager Guggenheim, set to begin its BTC exposure this month, industry sources state that public announcements hide the true extent of institutional involvement.

“There is huge institutional demand and most of it is silent,” Gemini exchange co-founder Tyler Winklevoss said last week while berating gold bug Peter Schiff for claiming that players were actually not interested in Bitcoin.

Data from on-chain analytics resource CryptoQuant meanwhile reveals changes in Grayscale’s buying habits, with late 2020 seeing the largest short-term increase in BTC holdings for the year.

Earlier, analysts at JPMorgan argued that inflows into the Grayscale Bitcoin Trust would need to maintain $100 million per day in order for Bitcoin to have a chance at reclaiming $40,000 price levels.

 https://cointelegraph.com/news/pay-attention-grayscale-adds-18x-the-bitcoin-mined-supply-in-one-day
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 19, 2021, 06:12:40 AM
https://cointelegraph.com/news/ethereum-finally-beats-its-2018-all-time-high-price-surpassing-1-428

Ether price finally beats its 2018 all-time high, surpassing $1,428
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 19, 2021, 06:45:59 AM
Quote from: Griffith on January 19, 2021, 06:12:40 AM
https://cointelegraph.com/news/ethereum-finally-beats-its-2018-all-time-high-price-surpassing-1-428

Ether price finally beats its 2018 all-time high, surpassing $1,428


Quote from: Bindare_Dundat on January 18, 2021, 11:14:07 PM
Some big moves last night. Staying strong, throughout the recent btc ups and downs. Could it break a high today?

;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on January 19, 2021, 06:48:48 AM
Quote from: polychronopolous on January 19, 2021, 06:02:23 AM

'Pay attention' — Grayscale adds 18x the Bitcoin mined supply in one day

Bitcoin worth $600 million gets taken off the market as BTC/USD struggles to cement support for a retest of $40,000.

Asset manager Grayscale added 18 times more Bitcoin (BTC) than miners added to the supply in just one day on Jan. 18.

As various data sources confirm, Grayscale, which remains the biggest institutional buyer in the Bitcoin space, purchased a total of 16,244 BTC ($607 million) on Monday.


The giant sums are some of the biggest on record and are an order of magnitude above what even Grayscale was attempting just last week. The company previously saw daily buys but stopped over the holiday period and reduced its allocations in the first week of the new year.

Monday’s activities bring its total assets under management (AUM) to almost $23 billion. As Cointelegraph reported, the total increased tenfold during 2020.

“Grayscale were buying $251 M of #Bitcoin on avg per week in Q4 2020,” Danny Scott, CEO of United Kingdom-based cryptocurrency exchange CoinCorner, tweeted.

    “Last week they did $700 M in 1 day... And today $590 M... Pay attention.”

The move underscores both Grayscale’s continued faith in Bitcoin as a long-term play and that of institutions choosing Bitcoin over any other form of macro asset.

Despite mixed messages from fellow asset manager Guggenheim, set to begin its BTC exposure this month, industry sources state that public announcements hide the true extent of institutional involvement.

“There is huge institutional demand and most of it is silent,” Gemini exchange co-founder Tyler Winklevoss said last week while berating gold bug Peter Schiff for claiming that players were actually not interested in Bitcoin.

Data from on-chain analytics resource CryptoQuant meanwhile reveals changes in Grayscale’s buying habits, with late 2020 seeing the largest short-term increase in BTC holdings for the year.

Earlier, analysts at JPMorgan argued that inflows into the Grayscale Bitcoin Trust would need to maintain $100 million per day in order for Bitcoin to have a chance at reclaiming $40,000 price levels.

 https://cointelegraph.com/news/pay-attention-grayscale-adds-18x-the-bitcoin-mined-supply-in-one-day

Sometimes I think these big BTC owners have these shell companies where they move them around to keep increasing the value.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 19, 2021, 07:23:55 AM
Quote from: El Diablo Blanco on January 19, 2021, 06:48:48 AM
Sometimes I think these big BTC owners have these shell companies where they move them around to keep increasing the value.


Well, we don't even know who made the stuff to begin with so I'm sure it's all on the up and up.  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on January 19, 2021, 09:24:10 AM
Quote from: SOMEPARTS on January 19, 2021, 07:23:55 AM

Well, we don't even know who made the stuff to begin with so I'm sure it's all on the up and up.  ;D
No kidding.  If one day Bitcoin just disappears we are going to see meltdowns never witnessed before in history.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: POB on January 19, 2021, 09:44:46 AM
BTCS stock ticker seems to be the method big company’s are gonna let customers pay bills with crypto makes sense the more crypto goes up the more people will pay bills this way and there’s still a lot of room for it to grow
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on January 19, 2021, 09:52:08 AM
Quote from: Humble Narcissist on January 19, 2021, 09:24:10 AM
No kidding.  If one day Bitcoin just disappears we are going to see meltdowns never witnessed before in history.

If people think the guys who developed this don't have some sort of secret hack or key or backdoor into BTC are fooling themselves.  I bet they can pull back in any coins they want and fuck over everyone.  Since no one even knows the true identity. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: sync pulse on January 19, 2021, 09:53:50 AM

Bitcoin isn't worth the paper....oh..right...... .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on January 19, 2021, 10:20:01 AM
Quote from: sync pulse on January 19, 2021, 09:53:50 AM
Bitcoin isn't worth the paper....oh..right...... .
At least you can wipe your ass with paper.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 19, 2021, 12:11:08 PM
https://cryptobriefing.com/mark-cuban-raoul-pal-talk-defi-target-20000-ethereum/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 19, 2021, 12:13:27 PM
Quote from: El Diablo Blanco on January 19, 2021, 09:52:08 AM
If people think the guys who developed this don't have some sort of secret hack or key or backdoor into BTC are fooling themselves.  I bet they can pull back in any coins they want and fuck over everyone.  Since no one even knows the true identity.



Of course....exactly what Charlie Lee did with Litecoin....cashed out at all time high and claimed it was to divest himself of bias.  Also claims he gave the $$$ away. ::)
 

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 19, 2021, 12:17:54 PM
If my quick math is correct around 16,000 holders are 62% of the BTC market cap. .


(https://wp.decrypt.co/wp-content/uploads/2020/10/image3-1.png)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on January 19, 2021, 12:36:28 PM
Quote from: SOMEPARTS on January 19, 2021, 12:17:54 PM
If my quick math is correct around 16,000 holders are 62% of the BTC market cap. .


(https://wp.decrypt.co/wp-content/uploads/2020/10/image3-1.png)

Who's the 1 person with $5billion worth?

I don't think any of these rich guys are dumb enough to have all of their BTC in one account.  Not after how many people got fucked over during that MTGOX hack.  I would leave like 1000 coins per device/IP to mitigate the potential risk of theft.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on January 19, 2021, 12:49:02 PM
Quote from: El Diablo Blanco on January 19, 2021, 12:36:28 PM
Who's the 1 person with $5billion worth?

I don't think any of these rich guys are dumb enough to have all of their BTC in one account.  Not after how many people got fucked over during that MTGOX hack.  I would leave like 1000 coins per device/IP to mitigate the potential risk of theft.

They are not in accounts, they are in off exchange cold wallets. Basically to hack 1 wallet, even if you had the power of a sun 10x greater than the size of earth, it would take you 100000 years or so, there are more combos of seed phrases than atoms in the universe.Has nothing to do with ip.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 19, 2021, 02:42:08 PM
Quote from: SOMEPARTS on January 19, 2021, 12:17:54 PM
If my quick math is correct around 16,000 holders are 62% of the BTC market cap. .


(https://wp.decrypt.co/wp-content/uploads/2020/10/image3-1.png)
In the stock market and banking system, what percentage of people hold all the value? You'll find it is the top 1%. So Bitcoin is no different than traditional markets in that sense. The masses will never have as much as the people at the top.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 19, 2021, 02:43:53 PM
Quote from: Army of One on January 19, 2021, 12:49:02 PM
They are not in accounts, they are in off exchange cold wallets. Basically to hack 1 wallet, even if you had the power of a sun 10x greater than the size of earth, it would take you 100000 years or so, there are more combos of seed phrases than atoms in the universe.Has nothing to do with ip.
Yes I would imagine they have it spread out over various cold storage wallets. And some of it is on exchanges so they can trade with it.

The Winkelvoss twins have their private keys broken up and stored in various banking vaults I believe. But that sounds risky to me. What if one of the vaults is compromised? Now you only have a partial key! I would not do it like that.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 19, 2021, 03:04:59 PM
Quote from: obsidian on January 19, 2021, 02:42:08 PM
In the stock market and banking system, what percentage of people hold all the value? You'll find it is the top 1%. So Bitcoin is no different than traditional markets in that sense. The masses will never have as much as the people at the top.


Yes, and as I've said before...those of us who knew about Bitcoin when it was just pennies were being told it was "people's money" ... an uncontrollable, untaxable, untraceable, decentralized bank buster.

There was an appeal there that is gone, it's just digital ponzi now. 16,000 are looking like gamblers looking for marks.

It's no better than the system we already know - the only thing anonymous is who is on the other side of the trade.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 19, 2021, 06:08:53 PM
Quote from: SOMEPARTS on January 19, 2021, 03:04:59 PM

Yes, and as I've said before...those of us who knew about Bitcoin when it was just pennies were being told it was "people's money" ... an uncontrollable, untaxable, untraceable, decentralized bank buster.

There was an appeal there that is gone, it's just digital ponzi now. 16,000 are looking like gamblers looking for marks.

It's no better than the system we already know - the only thing anonymous is who is on the other side of the trade.

Did you buy when it was pennies?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: BossBoss on January 19, 2021, 06:32:35 PM
Quote from: Bindare_Dundat on January 19, 2021, 06:08:53 PM
Did you buy when it was pennies?

I thought long and hard about it, but decided against it. Price was 2$ per btc.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on January 19, 2021, 06:46:07 PM
Quote from: BossBoss on January 19, 2021, 06:32:35 PM
I thought long and hard about it, but decided against it. Price was 2$ per btc.

Same. I had people telling me to mine them etc and I just laughed at it.

Funny story is I held on to some ethereum and sold at $500 a few days before it popped recently. Haha. I have shit luck with cryptos.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 19, 2021, 06:57:53 PM
Quote from: Bindare_Dundat on January 19, 2021, 06:08:53 PM
Did you buy when it was pennies?


A friend of mine is involved in a highly technical career and could have retired on what he had early on and sold off, I just had a little to play around with - sold off when one of the previous run ups happened. Keep in mind that early on you couldn't buy much with it...when it went up you sold it back into an exchange. I have a small fraction of one in storage.

I did take a pretty good hit on LTC when Charlie Lee dumped it. I still have one LTC, just as a reminder.  ;D

The first guy that paid for a pizza with BTC could have cashed out for 200 million, haha. I know a pro-BTC person will just say "see you should have HODL'd" and that's the easy answer now. Hindsight 20/20 applies here, early days, etc.

I still don't see BTC as the end of this. Show me one instance where inferior tech was a perpetual placeholder in a marketplace based on the fact that a lot of people had at one time dumped money into it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: BossBoss on January 19, 2021, 07:20:35 PM
Quote from: El Diablo Blanco on January 19, 2021, 06:46:07 PM
Same. I had people telling me to mine them etc and I just laughed at it.
...
I have shit luck with cryptos.
2$ was already a high price for it. It was fantasy money nothing more.
Bad luck maybe but what is high and what is low.

You nailed it with this one:
Quote from: El Diablo Blanco on January 19, 2021, 06:48:48 AM
Sometimes I think these big BTC owners have these shell companies where they move them around to keep increasing the value.
That's how it's done, they do the same with stocks..
BTC is interesting tech, blockchain etc. (i would never say don't buy it  ;))
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 20, 2021, 01:30:55 AM
https://fortune.com/2021/01/19/janet-yellen-confirmation-bitcoin-biden-treasury-nominee-cryptocurrency-warning-terrorism/

Biden Treasury pick Janet Yellen warns cryptocurrency poses terrorism risk

“I think many [cryptocurrencies] are used, at least in a transaction sense, mainly for illicit financing and I think we really need to examine ways in which we can curtail their use and make sure that anti-money laundering doesn’t occur through those channels,” Yellen said Tuesday in remarks reported by Coindesk.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 20, 2021, 02:27:50 AM
Quote from: Griffith on January 20, 2021, 01:30:55 AM
https://fortune.com/2021/01/19/janet-yellen-confirmation-bitcoin-biden-treasury-nominee-cryptocurrency-warning-terrorism/

Biden Treasury pick Janet Yellen warns cryptocurrency poses terrorism risk

“I think many [cryptocurrencies] are used, at least in a transaction sense, mainly for illicit financing and I think we really need to examine ways in which we can curtail their use and make sure that anti-money laundering doesn’t occur through those channels,” Yellen said Tuesday in remarks reported by Coindesk.

They want it,($$) all back for their crooked friends on Wall Street. Continued money laundering and crooked business practices around the world  ala HSBC is fine though. The crash of 2008 thats was perpetuated by selling garbage dirivatives and CDOs round the world is fine. No one goes.to jail for that.

The reality is, less then 1% of crypto currency goes into what she claims. She's lying and thats a fact.


Guess she means home.growm white supremacists terrorists too.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 20, 2021, 08:09:33 AM
https://www.coindesk.com/ecb-christine-lagarde-stablecoins-pose-serious-risks

Stablecoins ‘Pose Serious Risks’ to Financial Security, ECB’s Lagarde Says

'In the piece, Lagarde makes a bullish case for a digital euro while throwing shade at potential rivals such as cryptocurrencies and stablecoins – digital assets the values of which are pegged to fiat currencies.

“Using stablecoins as a store of value could trigger a large shift of bank deposits to stablecoins, which may have an impact on banks’ operations and the transmission of monetary policy,” the ECB head added.


- - - - - -

They are starting to view it as a threat to their own banks, as competition which could take cash away from their own institutions.

As I mentioned in a previous post, I believe stablecoins are a huge development, as buying foreign currency is difficult in many countries, especially across South America, Africa and some Asian countries which might have more currency volatility and high levels of depreciation.

Hard currency is basically viewed as gold in countries with high levels of inflation and economic instability, buying USD or Euros not only allows them to hedge against devaluation of their own currency, but also make large profits which could then be converted into local currency, for instance maybe 20% or more, which beats anything provided by a bank. And that is excluding a country like Venezuela or Zimbabwe were the local currency has collapsed and this could prevent all their savings from being wiped out.

For instance, the highest interest of any country at the moment is just over 9%, and in such a country inflation will be high and they will also have to deal with local currency devaluation year-on-year, reducing their buying power internationally and making them poorer globally, through no fault of their own. This is a constant worry for people living in those countries.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 20, 2021, 08:11:34 AM
Could be testing some old support prices.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on January 20, 2021, 08:13:25 AM
$ 33,570.48
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 20, 2021, 09:00:04 AM
Interesting how stablecoins are now condemned as a 'threat', yet Libra will also be a stablecoin pegged to the USD but will instead be using their own Facebook backed blockchain.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on January 20, 2021, 09:03:32 AM
The price will fluctuate a lot. These big owners can’t just sell all of their BTC or the price will tank.  For those sitting on Billions of $$ it will take a long while to sell. They’ll sell small batches. The price will dip. They’ll post stories of how it will be worth $200k by eoy then the price will rise and they’ll sell more. On and on and on.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 20, 2021, 10:12:39 AM
Quote from: Griffith on January 20, 2021, 09:00:04 AM
Interesting how stablecoins are now condemned as a 'threat', yet Libra will also be a stablecoin pegged to the USD but will instead be using their own Facebook backed blockchain.


FB is a govt backed data mining platform for the stupid. Under Biden the trend will reveal itself as to what will replace BTC.


https://www.vice.com/en/article/vbqdb8/15-years-ago-the-military-tried-to-record-whole-human-lives-it-ended-badly
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 21, 2021, 01:45:31 AM
https://www.coindesk.com/ethers-rise-to-record-highs-may-propel-cryptocurrency-to-10-5k-fundstrat-global

Ether’s Rise to Record Highs May Propel Cryptocurrency to $10.5K: Fundstrat Global

Even after setting a new record high of $1,439 on Monday, the rally for Ethereum’s ether cryptocurrency may have only just begun, according to Fundstrat Global Advisors strategist David Grider.

Basing his prediction partly on use cases for Ethereum’s blockchain technology, Grider wrote in a note Tuesday that ether (ETH, -4.21%) has scope for a rally to $10,500, according to Bloomberg. That’s an over seven-fold rise from the current price of $1,320.

“Ether is the best risk/reward investment play in crypto,” Grider said, adding that “blockchain computing may be the future of the cloud.”
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 21, 2021, 01:59:31 AM
Quote from: Bindare_Dundat on January 20, 2021, 08:11:34 AM
Could be testing some old support prices.

Moved 30% BTC into Ethereum last night for the short term.

If youre a hodler, I wouldn't  panic. Im buying some BTC on these drops and will continue to do so. Long term, still very bullish.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 21, 2021, 03:34:36 AM
https://www.warc.com/newsandopinion/news/china-moves-closer-to-launch-of-worlds-first-sovereign-digital-currency/44550

China prepares to launch the world’s first official e-currency

THERE IS A good chance that the digital yuan will enter circulation in 2021. It is a debut that will initially make little difference, but could, over time, change the way central banks conduct monetary policy.

People will have the option of downloading a government-issued digital wallet. Unlike commercial ones such as WeChat Pay and Alipay, the official version will be equivalent to an account at the central bank with the same solidity as hard cash.

The digital cash, officially dubbed Digital Currency Electronic Payment (DCEP) and backed by China’s central bank, is aimed at challenging US-dollar dominance in the global financial system, plus helping authorities to keep greater control of cash flows, reports the SCMP.

China may become the first country in the world to launch digital cash, but many others are heading in the same direction – a number of G20 countries say they are exploring the concept. Norway, Sweden, Switzerland and Cambodia have also announced they are looking at introducing digital currencies.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on January 21, 2021, 03:48:15 AM
In 10 years we will all be on this.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 21, 2021, 04:32:57 AM
Quote from: Bindare_Dundat on January 15, 2021, 03:16:13 PM
A drop to 30,000 would probably see bitcoin go back down to 20,000's quickly. But I dont think we will  see a dip below that, (20,000) in a long, long, long time  (maybe never) At least I hope. lol


31,700.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on January 21, 2021, 04:50:37 AM
$ 32,475.23
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 21, 2021, 05:12:23 AM
Need to close the day above 31000 or itll head lower, imo.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 21, 2021, 06:36:27 AM
Quote from: Humble Narcissist on January 21, 2021, 03:48:15 AM
In 10 years we will all be on this.


In some form of crypto, likely. It's perfect slave money. Not Bitcoin.

Whatever those that currently control banking want, that's what it will be. Same as it ever was.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 21, 2021, 07:01:49 AM
Quote from: SOMEPARTS on January 21, 2021, 06:36:27 AM

In some form of crypto, likely. It's perfect slave money. Not Bitcoin.

Whatever those that currently control banking want, that's what it will be. Same as it ever was.

Perfect slave money? How so?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on January 21, 2021, 07:05:52 AM
Quote from: Bindare_Dundat on January 21, 2021, 07:01:49 AM
Perfect slave money? How so?

from central banks . . .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 21, 2021, 07:07:53 AM
Quote from: DooM_ on January 21, 2021, 07:05:52 AM
from central banks . . .

I misread his post.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on January 21, 2021, 07:55:00 AM
$ 31,632.44
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 21, 2021, 08:56:17 AM
Quote from: Bindare_Dundat on January 21, 2021, 07:07:53 AM
I misread his post.


Believe me, if BTC was what they originally promised in the white paper I would be all for it.

We are going to find privacy and anonymity is reserved for the ultra rich.

Banking is a ledger system for taxes and fees, so is crypto.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 21, 2021, 09:00:14 AM
BTC $31,042
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 21, 2021, 09:01:47 AM
Quote from: Griffith on January 21, 2021, 09:00:14 AM
BTC $31,042


If it breaks the falling wedge pattern it has going no telling where it goes.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 21, 2021, 09:26:28 AM
Read it closely. The fear mongers are out in full force to grab more cheap coin for themselves



https://www.msn.com/en-us/money/markets/bitcoin-falls-11-after-report-suggests-a-critical-flaw-in-the-cryptocurrency-called-double-spend-may-have-occurred/ar-BB1cXTjS?ocid=BingNews

Bitcoin falls 11% after report suggests a critical flaw in the cryptocurrency called 'double-spend' may have occurred
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 21, 2021, 09:36:25 AM
Hurry, get your "cheap" 30k "coins".   ;D

Where's gib?????
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 21, 2021, 10:14:26 AM
Former US Treasury Secretary Larry Summers Says Bitcoin 'Is Here to Stay'


Former U.S. Treasury Secretary and economist Larry Summers says bitcoin is here to stay despite the concerns by some that it may be a bubble. The former secretary asserts that bitcoin’s price fluctuations are in fact a sign of its resilience.

In his latest comments about bitcoin, Summers, who in 2016 became a senior adviser to Digital Currency Group, reiterates his position about the crypto and its underlying technology. Before the new remarks, Summers previously predicted that the “financial industry will adopt the technology underpinning bitcoin.”

Still, in his latest comments, Summers touches on the crypto’s fixed supply and how this is a factor behind its current rise. The former Secretary says:

    I think people are going to move towards it, and as people move towards it, given the finiteness of its supply, that’s going to be a factor working to raise prices.

Although Summers refuses to predict the crypto’s future price, he does hint that this will likely go up, and “institutions like it.”

Meanwhile, in addition to bitcoin’s fixed supply, the former Secretary is also quoted as suggesting that factors like interest earned on bonds might have an effect on the crypto asset’s value. According to Summers, if the amount earned on bonds goes down, “people put less of their money into bonds and more of their money into other assets.”

https://news.bitcoin.com/former-us-treasury-secretary-larry-summers-says-bitcoin-is-here-to-stay/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 21, 2021, 10:30:49 AM
Quote from: polychronopolous on January 21, 2021, 10:14:26 AM
Former US Treasury Secretary Larry Summers Says Bitcoin 'Is Here to Stay'


Former U.S. Treasury Secretary and economist Larry Summers says bitcoin is here to stay despite the concerns by some that it may be a bubble. The former secretary asserts that bitcoin’s price fluctuations are in fact a sign of its resilience.

In his latest comments about bitcoin, Summers, who in 2016 became a senior adviser to Digital Currency Group, reiterates his position about the crypto and its underlying technology. Before the new remarks, Summers previously predicted that the “financial industry will adopt the technology underpinning bitcoin.”

Still, in his latest comments, Summers touches on the crypto’s fixed supply and how this is a factor behind its current rise. The former Secretary says:

    I think people are going to move towards it, and as people move towards it, given the finiteness of its supply, that’s going to be a factor working to raise prices.

Although Summers refuses to predict the crypto’s future price, he does hint that this will likely go up, and “institutions like it.”

Meanwhile, in addition to bitcoin’s fixed supply, the former Secretary is also quoted as suggesting that factors like interest earned on bonds might have an effect on the crypto asset’s value. According to Summers, if the amount earned on bonds goes down, “people put less of their money into bonds and more of their money into other assets.”

https://news.bitcoin.com/former-us-treasury-secretary-larry-summers-says-bitcoin-is-here-to-stay/


He's a lobbyist.  ::)

The people in power actually matter, they are saying NOPE.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 21, 2021, 10:54:34 AM
Quote from: SOMEPARTS on January 21, 2021, 09:36:25 AM
Hurry, get your "cheap" 30k "coins".   ;D

Where's gib?????

When there's 100 of millions going into buying at near record numbers then today's price is cheap.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 21, 2021, 10:55:34 AM
Quote from: Bindare_Dundat on January 21, 2021, 10:54:34 AM
When there's 100 of millions going into buying at near record numbers then today's price is cheap.


Price is falling. That means market cap is shrinking. HTH
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on January 21, 2021, 11:56:29 AM
Quote from: SOMEPARTS on January 21, 2021, 06:36:27 AM

In some form of crypto, likely. It's perfect slave money. Not Bitcoin.

Whatever those that currently control banking want, that's what it will be. Same as it ever was.
We are mostly there now.  I rarely touch physical money anymore.  I am going to an Amish surplus store tomorrow and am having a hell of a time scrounging up even $10 in physical cash.  I will have to go through the bank drive thru which I also rarely do anymore.  Almost everything is digital.  Didn't the UK end personal checks in 2020?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 21, 2021, 12:12:23 PM
Quote from: Humble Narcissist on January 21, 2021, 11:56:29 AM
We are mostly there now.  I rarely touch physical money anymore.  I am going to an Amish surplus store tomorrow and am having a hell of a time scrounging up even $10 in physical cash.  I will have to go through the bank drive thru which I also rarely do anymore.  Almost everything is digital.  Didn't the UK end personal checks in 2020?


The Amish/Mennonites have it figured out. All cash and no tax. Hmmm..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on January 21, 2021, 02:58:19 PM
$ 30,847.86
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on January 21, 2021, 04:17:40 PM
Quote from: SOMEPARTS on January 21, 2021, 12:12:23 PM

The Amish/Mennonites Hasidic Jews have it figured out. All cash and no tax. Hmmm..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: evacnam on January 21, 2021, 04:47:04 PM
29,740.20 United States Dollar
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 21, 2021, 04:50:26 PM
Quote from: evacnam on January 21, 2021, 04:47:04 PM
29,740.20 United States Dollar

Yup taking a beating. See how close Maydays posts are to playing out. I knew there was going to be a big drop when it hit all time high but I'm really impressed at this movement. Oh well...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 21, 2021, 04:58:57 PM
Quote from: Bindare_Dundat on January 21, 2021, 04:50:26 PM
Yup taking a beating. See how close Maydays posts are to playing out. I knew there was going to be a big drop when it hit all time high but I'm really impressed at this drop. Oh well...


Over 2020 it averaged about 10k valuation through mid November then the run up. At 30k still plenty of drop left. It's 9am in Asia...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: BossBoss on January 21, 2021, 05:10:51 PM
Quote from: SOMEPARTS on January 21, 2021, 04:58:57 PM

Over 2020 it averaged about 10k valuation through mid November then the run up. At 30k still plenty of drop left. It's 9am in Asia...

Yes, it will drop below 10k.
Double Spend makes it worthless. (Double spend has been debunked)
It would be insane to stay in it with a lot of money. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 21, 2021, 05:22:34 PM
Quote from: BossBoss on January 21, 2021, 05:10:51 PM
Yes, it will drop below 10k.
Double Spend makes it worthless.
It would be insane to stay in it with a lot of money.

Double spend has been debunked already.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: BossBoss on January 21, 2021, 05:24:45 PM
Quote from: Bindare_Dundat on January 21, 2021, 05:22:34 PM
Double spend has been debunked already.

Ok, thank you. I did not know that.

Then it will be fine..why would it drop without a reason?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 21, 2021, 05:25:11 PM
Quote from: BossBoss on January 21, 2021, 05:10:51 PM
Yes, it will drop below 10k.
Double Spend makes it worthless.
It would be insane to stay in it with a lot of money.
https://www.coindesk.com/bitcoin-double-spend-that-never-happened

“And then we put out some FUD about a double spend that never actually happened”

https://twitter.com/bitstein/status/1352423991114403841?s=20

(https://pbs.twimg.com/media/EsTGc3rVEAEfGkA?format=jpg&name=small)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: BossBoss on January 21, 2021, 05:28:18 PM
Quote from: obsidian on January 21, 2021, 05:25:11 PM
https://www.coindesk.com/bitcoin-double-spend-that-never-happened

“And then we put out some FUD about a double spend that never actually happened”

https://twitter.com/bitstein/status/1352423991114403841?s=20

(https://pbs.twimg.com/media/EsTGc3rVEAEfGkA?format=jpg&name=small)

Whatever, i used Getbig's own information..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 21, 2021, 05:30:11 PM
Quote from: BossBoss on January 21, 2021, 05:24:45 PM
Ok, thank you. I did not know that.

Then it will be fine..why would it drop without a reason?

Because most people are fucking pussies. Lol

Its been bombarded with bad news the last few days. Everything from Yellen, to the UK news, the HSBC news, LeBitchface calling it nothing more then criminality, some failed technicles, not holding certain level long enough. .... Wonder why?

Dont believe anything coming from bitmex
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 21, 2021, 05:52:36 PM
This is the 2nd last drop in this phase.

The big one is yet to come.

BTC will touch somewhere around the 21k mark.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 21, 2021, 06:03:39 PM
Quote from: Mayday on January 21, 2021, 05:52:36 PM
This is the 2nd last drop in this phase.

The big one is yet to come.

BTC will touch somewhere around the 21k mark.

What would you say was the cause of this sell off? Would like to hear your opinion if you have the time. Don't wana fish back pages. Cant remember everything. Lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: BossBoss on January 21, 2021, 06:04:06 PM
Quote from: Bindare_Dundat on January 21, 2021, 05:30:11 PM
Dont believe anything coming from bitmex

Ok, i got that wrong, i thought they are trustworthy.
But nothing ever happened. No double spend.
Why they put it on twitter..

Anyway if you follow this link
https://cryptobriefing.com/unpacking-bitcoins-recent-double-spend-event/
It seems to me as there are still issuses which are maybe exploitable in the future.

But that is maybe not why it tanks right now.
It's maybe best to follow Mayday's price predictions. (he was right, but could be luck..)

 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: BossBoss on January 21, 2021, 06:09:23 PM
Quote from: Bindare_Dundat on January 21, 2021, 05:30:11 PM
Its been bombarded with bad news the last few days. Everything from Yellen, to the UK news, the HSBC news, LeBitchface calling it nothing more then criminality, some failed technicles, not holding certain level long enough. .... Wonder why?

Ok, thanks for the info.
"Wonder why?" You mean they want to buy in cheap..makes sense
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 21, 2021, 06:23:05 PM
Quote from: Bindare_Dundat on January 21, 2021, 06:03:39 PM
What would you say was the cause of this sell off? Would like to hear your opinion if you have the time. Don't wana fish back pages. Cant remember everything. Lol

Easy. The 4 week ramp that looks like a skyscraper.

Will go 21k in the next 10-14 days or so. After that it’ll hit 55k-60k in a short timeframe.

I don’t read crypto news. I have made 2 trading errors in this run and both were due to news influencing me emotionally into making incorrect decisions (which I  later corrected but took a hit).

Meanwhile my original model has predicted this like clockwork. If I listened only to myself I’d be much further ahead. Instead, I second guessed myself listening to experienced traders and it only served to make shit go bad. Lesson learned.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 21, 2021, 06:24:56 PM
Quote from: BossBoss on January 21, 2021, 06:09:23 PM
Ok, thanks for the info.
"Wonder why?" You mean they want to buy in cheap..makes sense

Mayday and others know much more about this stuff.I was just lucky with my limited knowledge to do ok so far. Or maybe just completely lucky. The decisions I made recently will either pay off really well or I'll lose big time. Either way I'm cool with it.

Id give much more value to the other posters with good track records/overall knowledge on here than I do. Always learning.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 21, 2021, 06:26:06 PM
Quote from: Mayday on January 21, 2021, 06:23:05 PM
Easy. The 4 week ramp that looks like a skyscraper.

Will go 21k in the next 10-14 days or so. After that it’ll hit 55k-60k in a short timeframe.

I don’t read crypto news. I have made 2 trading errors in this run and both were due to news influencing me emotionally into making incorrect decisions (which I  later corrected but took a hit).

Meanwhile my original model has predicted this like clockwork. If I listened only to myself I’d be much further ahead. Instead, I second guessed myself listening to experienced traders and it only served to make shit go bad. Lesson learned.
.

Thanks, Appreciate the response. All the best man.

Edit.
One quick thing.  Didn't the 50, 100 and particularly the 200 day moving average have anything to do with your call? Sorry if it's a silly thing to ask.
Would a short time frame be by Sept or much sooner?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: BossBoss on January 21, 2021, 06:50:59 PM
Quote from: Bindare_Dundat on January 21, 2021, 06:24:56 PM
Mayday and others know much more about this stuff.

He uses chart analysis which i not fully believe in..but he proved himself right..
which means only so much because you can be right ten times in a row throught cheer luck.

But yeah Mayday's prediction's are as good as it gets. (till now ;))

If he got this one right:
"Will go 21k in the next 10-14 days or so. After that it’ll hit 55k-60k in a short timeframe"
That would change my mind completely. But "in a short timeframe" can mean anything.
Let's see..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 21, 2021, 07:11:27 PM
Quote from: BossBoss on January 21, 2021, 06:50:59 PM
He uses chart analysis which i not fully believe in..but he proved himself right..
which means only so much because you can be right ten times in a row throught cheer luck.

But yeah Mayday's prediction's are as good as it gets. (till now ;))

If he got this one right:
"Will go 21k in the next 10-14 days or so. After that it’ll hit 55k-60k in a short timeframe"
That would change my mind completely. But "in a short timeframe" can mean anything.
Let's see..

Time will tell where this all goes. Some of us will  either be laughing or be laughed at I guess.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: BossBoss on January 21, 2021, 07:36:20 PM
Quote from: Bindare_Dundat on January 21, 2021, 07:11:27 PM
Time will tell where this all goes. Some of us will  either be laughing or be laughed at I guess.

Course, there are only two direction's up and down. :)
It will end in tears. (for some)

There was a lottery winner in my city, he won three million and thought he figured it all out.
He then bought lottery tickets from his win for one million. :o

He won again, five? million this time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on January 21, 2021, 07:41:01 PM
Quote from: Mayday on January 21, 2021, 06:23:05 PM
Easy. The 4 week ramp that looks like a skyscraper.

Will go 21k in the next 10-14 days or so. After that it’ll hit 55k-60k in a short timeframe.

I don’t read crypto news. I have made 2 trading errors in this run and both were due to news influencing me emotionally into making incorrect decisions (which I  later corrected but took a hit).

Meanwhile my original model has predicted this like clockwork. If I listened only to myself I’d be much further ahead. Instead, I second guessed myself listening to experienced traders and it only served to make shit go bad. Lesson learned.

Everyone wants it to go that low to buy in, which is exactly why it wont. Max lowest 26k, more likely 28-29k is the bottom.If TA worked all the time then every trader would be a billionaire, rather than 97% failing miserably, TA is useful when combined with FA and a general feel for the emotions of the market. Word of advice, if only 2 trading errors mean youd be much further ahead, that means your risk tolerance is way too high, and you will fail long term, dial it back.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 21, 2021, 08:44:25 PM
Ethereum still up near 100% the past month compared to Bitcoin’s 30-35%.

For a period, there was some decoupling from BTC, with ETH going up and BTC down.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 21, 2021, 09:27:21 PM
A few comments.

1 - BTC is around 50% for the year. So even it was to remain at 30K for the whole of the year that's still a 50% per annum gain. (as opposed to cash which pays zero return and would be down over the year due to dilution of value due to money printing).

2 - Zoom Out is the best advice I can give. If you believe BTC has a long term future, then you must also believe t will only go up long term. And so all these movements now will be almost irrelevant in dollar terms, compared to future price points.

3 - Most, if not all people, who believe they can successfully "trade" by picking short term movements are kidding themselves.

4 - In case anyone is wondering, this time around I have hodled all my coins in cold storage. And then physically locked up my access device. The reason being is that I wanted to make my long term decision un-influenceable by short term sentiment. I'm in hodl mode until at least the next halvening event (likely in 2024). And then, based on previous halvenings will be looking at selling perhaps just a little in the subsequent 18 monts (2025-2026).

5. There is a huge amount of systematic auto-buying from many retail investors, which will help provide a stable demand (and indeed makes price go up a lot more once any larger buyers enter). Many huge institutional buyers will start nibbling away. And then suddenly, as supply/demand dynamics equalize, we suddenly will see a FOMO driven movement sharply upwards again.

6. Some of the recent sell off may be driven by hedge funds who have already made enough gains for the entire year based on BTC+alts, and want to simply lock the gains in. They could in theory go hit the beach for rest of the year, and chill by the beach until next January 2022. But they won't. The incentives, and the natural drive to make more, will bring them back in again over the next few months, as soon as they form the view that prices have "bottomed out".

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 21, 2021, 09:42:28 PM
Quote from: Humble Narcissist on January 21, 2021, 03:48:15 AM
In 10 years we will all be on this.

On what? Digital money? If that's your point, the reality is we are all already using digital money, Now, if you mean smart digitial money, yes I agree that is coming. And any such money that tracks you, limits how you can spend, what you can spend, from whom, interferes with your freedom of choice etc, and which (of course) is not limited in supply, will be the single most massive driver yet that pushes people to BTC not just as a store of value but as a store and safeguard of freedom.

I have said it many times before. I would urge anyone who has not yet done so, to own, and safely HODL some BTC. If certain events transpire, it may well be one of the most important decisions you now make in terms of determining your future.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 21, 2021, 09:44:16 PM
Quote from: El Diablo Blanco on January 19, 2021, 09:52:08 AM
If people think the guys who developed this don't have some sort of secret hack or key or backdoor into BTC are fooling themselves.  I bet they can pull back in any coins they want and fuck over everyone.  Since no one even knows the true identity.

Nope. not possible. The code is all publicly available and open source. With centrally managed Alts, yes this is a very valid concern. With Bitcoin, it is not.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 21, 2021, 09:49:47 PM
Quote from: gib on January 21, 2021, 09:27:21 PM
A few comments.

1 - BTC is around 50% for the year. So even it was to remain at 30K for the whole of the year that's still a 50% per annum gain. (as opposed to cash which pays zero return and would be down over the year due to dilution of value due to money printing).

2 - Zoom Out is the best advice I can give. If you believe BTC has a long term future, then you must also believe t will only go up long term. And so all these movements now will be almost irrelevant in dollar terms, compared to future price points.

3 - Most, if not all people, who believe they can successfully "trade" by picking short term movements are kidding themselves.

4 - In case anyone is wondering, this time around I have hodled all my coins in cold storage. And then physically locked up my access device. The reason being is that I wanted to make my long term decision un-influenceable by short term sentiment. I'm in hodl mode until at least the next halvening event (likely in 2024). And then, based on previous halvenings will be looking at selling perhaps just a little in the subsequent 18 monts (2025-2026).

5. There is a huge amount of systematic auto-buying from many retail investors, which will help provide a stable demand (and indeed makes price go up a lot more once any larger buyers enter). Many huge institutional buyers will start nibbling away. And then suddenly, as supply/demand dynamics equalize, we suddenly will see a FOMO driven movement sharply upwards again.

6. Some of the recent sell off may be driven by hedge funds who have already made enough gains for the entire year based on BTC+alts, and want to simply lock the gains in. They could in theory go hit the beach for rest of the year, and chill by the beach until next January 2022. But they won't. The incentives, and the natural drive to make more, will bring them back in again over the next few months, as soon as they form the view that prices have "bottomed out".

You seem to ignore Ethereum?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 21, 2021, 09:53:33 PM
Quote from: Griffith on January 20, 2021, 09:00:04 AM
Interesting how stablecoins are now condemned as a 'threat', yet Libra will also be a stablecoin pegged to the USD but will instead be using their own Facebook backed blockchain.

The concern around stable coins is primarily that if unregulated, they could be backed by nothing (as opposed to claiming they are back 1:1 with actual USD). Same concern exists with gold ETFs (who claim they are backed by physical gold, but in reality may not be).  The concern is not that stable coins are a "threat" to the USD (as if you think about it, keeping money in the bank is the same concept - is the bank as to have assets to back your claim against it for "your money" in you the bank account. Rather the concern is consumer protection focused. If what if a person puts his trust in the believe that stable coins are backed, and then the backer is unable to support those claims. (Reality is that banks do something very similar as they too operate with leverage. Hence what you saw with Lehman's when they collapsed).

Libra (no longer to be called Libra by the way) will likely be backed by a global portfolio of currencies (not just the USD). However, do not make the assumption Libra will ever get the go-ahead. Facebook have totally fucked themselves reputationally, and many global governments, let alone the US, will not permit them to engage in any kind of banking function. Remember, Facebook is a centralized corporation, and can be easily controlled. Bitcoin on the other hand is truely decentralize, and cannot be controlled (as there is no single company that own's it). Rather Bitcoin is essentially a mathematical algorithm, combined with a person's right to freedom of speech.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 21, 2021, 09:58:19 PM
Quote from: Griffith on January 21, 2021, 09:49:47 PM
You seem to ignore Ethereum?

I have a little. But I think Ethereum is far far removed from any realistic practical application that could come anywhere near justifying its valuation. Very few people truly understand it, or the complexity of what is being attempted. Further, ETH is not limited in supply, or truly decentralized, and more ether can finitely be created (indeed it will need to have many more created it it ever is to scale in any practical applications. So yes, based on hype factor and sentiment, ETH could well go up. And the ecosystem using ETH could well grow.

Don't get be wrong - what ETH is trying to address and achieve is highly ambitious and super interesting from a technology point of view. But as a global store of value, BTC in my view is firmly entrenched, so that's where the vast majority of my crypto holdings go.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on January 21, 2021, 09:59:14 PM
Quote from: Griffith on January 21, 2021, 09:49:47 PM
You seem to ignore Ethereum?

eth has a theoretical unlimited supply, currently around 115 million Ethereum in existence, with more each year.BTC has a finite supply, there wont ever been more than 21 million coins, 4 million of those are thought to be lost forever.So its already 6x more scarce, that gap will only widen with time. Ethereum is a better currency/dapp platform, BTC is a better store of value.Think of it this way, a dollar is more useful in a practical day to day sense, but Gold is more valuable and scarce.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 21, 2021, 11:07:58 PM
Actually one more thing to add. Every "sell-off" presents a new opportunity for new entrants to take positions. (And indeed, there are many who will see a 25% discount to the ATH as a "bargain" and a great time to dip their toes into the market. A broadened ownership of BTC over time is desirable, both in terms of network effects of adoption, incentives to encourage and support adoption of BTC by others, but also, over time, to help reduce volatility (which is not something that bothers me personally, but which is a factor taken into account by "mom and pop" type investors (like Mr A, who are not overly sophisticated and understandably confuse the concepts of volatility with long term value).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on January 21, 2021, 11:16:28 PM
Quote from: gib on January 21, 2021, 11:07:58 PM
Actually one more thing to add. Every "sell-off" presents a new opportunity for new entrants to take positions. (And indeed, there are many who will see a 25% discount to the ATH as a "bargain" and a great time to dip their toes into the market. A broadened ownership of BTC over time is desirable, both in terms of network effects of adoption, incentives to encourage and support adoption of BTC by others, but also, over time, to help reduce volatility (which is not something that bothers me personally, but which is a factor taken into account by "mom and pop" type investors (like Mr A, who are not overly sophisticated and understandably confuse the concepts of volatility with long term value).

volatility will cease to be a thing after the 2028 halving, when btc will be 1mill+ a coin.Every institution in the world will be involved in some capacity by then, central banks also.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 21, 2021, 11:39:45 PM
Thanks guys. Some good information here.
Whenever in doubt, a Michael Saylor video is worth watching He makes some convincing arguments for btc.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 21, 2021, 11:44:28 PM
Quote from: Army of One on January 21, 2021, 11:16:28 PM
volatility will cease to be a thing after the 2028 halving, when btc will be 1mill+ a coin.Every institution in the world will be involved in some capacity by then, central banks also.

Agree - certainly quite possible we won't ever see such huge moves as now. And moves more akin to gold or long term treasury yields.

We will also likely be talking primarily in "Sats" opposed to BTC, give how much an actual BTC will be worth (much like we typically talk about gold in ounces or grams, (as opposed to kilos or tonnes)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 22, 2021, 02:07:46 AM
Quote from: BossBoss on January 21, 2021, 06:50:59 PM
He uses chart analysis which i not fully believe in..but he proved himself right..
which means only so much because you can be right ten times in a row throught cheer luck.

But yeah Mayday's prediction's are as good as it gets. (till now ;))

If he got this one right:
"Will go 21k in the next 10-14 days or so. After that it’ll hit 55k-60k in a short timeframe"
That would change my mind completely. But "in a short timeframe" can mean anything.
Let's see..

Yes and no. I don’t know anybody accidentally correct that often. Generally 1/10 times by accident.

I can read raw data tables 100 times faster than a simple chart. I am shit with charts. I fucked up because if people getting in my head with charts and clouding my judgment.

It’s like this.

I called for a 31k-33k range pullback but I can’t recall if I posted that or messaged someone here. We are there now.

A drop to 21k. I won’t be exact on timing but Before mid Feb.

55k-60k in April.

We shall see.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on January 22, 2021, 02:20:13 AM
Quote from: Mayday on January 22, 2021, 02:07:46 AM


A drop to 21k. I won’t be exact on timing but Before mid Feb.



I can see you are getting this from the moving averages, but just like it constantly went against the RSI in this runup, I wouldnt read too much in to the TA at this point.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 22, 2021, 02:30:19 AM
Quote from: Army of One on January 22, 2021, 02:20:13 AM
I can see you are getting this from the moving averages, but just like it constantly went against the RSI in this runup, I wouldnt read too much in to the TA at this point.

Yes, the 21wk ema

Thanks for your previous post, it is noted.

I am seeing more violent drops and more violent bounces than the past. I think the bounces are luring people into a false security that prices can’t hit certain levels.

Let’s see how we go.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 22, 2021, 04:20:40 AM
Quote from: Mayday on January 22, 2021, 02:07:46 AM
Yes and no. I don’t know anybody accidentally correct that often. Generally 1/10 times by accident.

I can read raw data tables 100 times faster than a simple chart. I am shit with charts. I fucked up because if people getting in my head with charts and clouding my judgment.

It’s like this.

I called for a 31k-33k range pullback but I can’t recall if I posted that or messaged someone here. We are there now.

A drop to 21k. I won’t be exact on timing but Before mid Feb.

55k-60k in April.

We shall see.

What are your current views for Ethereum?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on January 22, 2021, 04:30:21 AM
Is "Bitcoins - about to hit $5,000 per coin today" ?    ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on January 22, 2021, 04:42:28 AM
Quote from: loco on January 22, 2021, 04:30:21 AM
Is "Bitcoins - about to hit $5,000 per coin today" ?    ;D

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 22, 2021, 04:42:32 AM
Quote from: Army of One on January 22, 2021, 02:20:13 AM
I can see you are getting this from the moving averages, but just like it constantly went against the RSI in this runup, I wouldnt read too much in to the TA at this point.

This is what I was asking a few posts back. Glad you broght it up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 22, 2021, 06:21:59 AM
Quote from: Army of One on January 21, 2021, 11:16:28 PM
volatility will cease to be a thing after the 2028 halving, when btc will be 1mill+ a coin.Every institution in the world will be involved in some capacity by then, central banks also.



2028 haha.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 22, 2021, 07:36:56 AM
https://kryptomoney.com/ethereum-2-0-set-to-cause-halving-the-aftermath-of-ethereums-proof-of-stake/

Ethereum 2.0 Set to Cause “Halving”

Eth 2.0 issuance is expected to be somewhere between 100,000 and 2 million a year, with the most likely scenario being that it will be much less than 2 million.

ETH Supply to Be Halved- presently, Ethereum has about 4.7 million ETH in issuance yearly, with ETH 2.0, ETH supply will range between 100,000 and 2 million annually, apparently less than 2 million.

Halving Will Be Accompanied by “Burning”- following every significant increase in transaction volumes, the total ETH in circulating supply will be reduced due to “burning”.

Explaining what was meant by “burning”, Buterin said that the initial transaction fees charged by the protocol will be halved, the first part goes to the miner as a ‘reward’, while the other part just gets burnt.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on January 22, 2021, 10:45:05 AM
Quote from: Army of One on January 21, 2021, 09:59:14 PM
eth has a theoretical unlimited supply, currently around 115 million Ethereum in existence, with more each year.BTC has a finite supply, there wont ever been more than 21 million coins, 4 million of those are thought to be lost forever.So its already 6x more scarce, that gap will only widen with time. Ethereum is a better currency/dapp platform, BTC is a better store of value.Think of it this way, a dollar is more useful in a practical day to day sense, but Gold is more valuable and scarce.


For the last decade many had a critical stance vs bitcoin. now, after 10 years of bitcoin bashing they come up with an articles claiming that ETH "is better than bitcoin."  no word about it being centralized. no word about there is no cap. no word about the fact that it is not possible to run a validating node in the ETH network. no word about the fact that its design is fucked up from scratch trying to become a "world computer" on chain. no word about the fact that it has no valid monetary policy.   Most hav3 never understood bitcoin, bashing it for years and then went one to welcome this pre-mined scam without the slightest critique. they fell victim to their own moronic stupidity.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on January 22, 2021, 10:53:12 AM
Quote from: gib on January 21, 2021, 11:07:58 PM
Actually one more thing to add. Every "sell-off" presents a new opportunity for new entrants to take positions. (And indeed, there are many who will see a 25% discount to the ATH as a "bargain" and a great time to dip their toes into the market. A broadened ownership of BTC over time is desirable, both in terms of network effects of adoption, incentives to encourage and support adoption of BTC by others, but also, over time, to help reduce volatility (which is not something that bothers me personally, but which is a factor taken into account by "mom and pop" type investors (like Mr A, who are not overly sophisticated and understandably confuse the concepts of volatility with long term value).


25% corrections in a btc bull market are normal. nothing to worry. this is such a weak correction, there isnt even some proper FUD coming with it. in january 2017, for example, we were getting out of the first 3 year bear market. it was not clear if bitcoin would be able to ever get back to those $1k levels. when it finally did in january 2017, China banned bitcoin. for real. price went down from $1100 area to 700 area.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on January 22, 2021, 10:56:54 AM
Quote from: Mayday on January 22, 2021, 02:07:46 AM
Yes and no. I don’t know anybody accidentally correct that often. Generally 1/10 times by accident.

I can read raw data tables 100 times faster than a simple chart. I am shit with charts. I fucked up because if people getting in my head with charts and clouding my judgment.

It’s like this.

I called for a 31k-33k range pullback but I can’t recall if I posted that or messaged someone here. We are there now.

A drop to 21k. I won’t be exact on timing but Before mid Feb.

55k-60k in April.

We shall see.

relax.
i dont get "selling" btc. you want to trade btc? most professsional traders lose. almost all retail traders lose. bitcoin is longterm savings get rich slow tech. dont trade the best performing asset ever. if you bought and price dips below your entry, be thankful for the opportunity to buy more and lower your entry price. 

when trading you are trying to outperform traders that are:

-smarter
-more experienced
-with waaayyyy deeper pockets
-who are well connected
-and ruthless
-better informed
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on January 22, 2021, 11:00:10 AM
Quote from: gib on January 21, 2021, 11:44:28 PM
Agree - certainly quite possible we won't ever see such huge moves as now. And moves more akin to gold or long term treasury yields.

We will also likely be talking primarily in "Sats" opposed to BTC, give how much an actual BTC will be worth (much like we typically talk about gold in ounces or grams, (as opposed to kilos or tonnes)


bitcoin is generational wealth technology. one just does not sell btc for stuff. you guys are all set to create wealth dynasties, the fun part is that you guys are the first in those dynasties. your portrait is the first in the gallery. you create them. your descendants keep it growing. think in generations, never sell btc. use it as collateral. it is the best collateral ever created, most pristine, most pure, most valuable. you are responsible for several generations down the line. selling btc means giving it up. KEEP it. whenever you want to acquire something, get some dirty fiat using btc as collateral.

the net worth of future families will not be measured in billions of fiat. it will be tens or hundreds (and in some rare cases thousands) of btc.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Soul Crusher on January 22, 2021, 11:40:54 AM
https://www.thesun.co.uk/tech/13822372/bitcoin-whales-crash-market


 :)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 22, 2021, 11:59:03 AM
Quote from: Griffith on January 22, 2021, 04:20:40 AM
What are your current views for Ethereum?

ETHBTC ratio is increasing when prices are stable. Whether that continues in Q2 i am unsure. A 0.05-0.08 price ratio probably will happen this year.

During recent pullbacks ETH falls harder as the ratio unwinds. Therefore the ratio is only holding up under stable and/or increasing price points. Eg A 20% pullback on BTC is a 30% pullback on ETH.

People are overly focused on price exploding up. The lowest pricing will happen these coming weeks. The focus should be looking for the down.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 22, 2021, 12:02:10 PM
https://www.cryptoglobe.com/latest/2021/01/as-eth-surges-toward-new-highs-former-goldman-sachs-exec-increases-his-holdings/

As $ETH Surges Toward New Highs, Former Goldman Sachs Exec Increases His Holdings

Former Goldman Sachs executive Raoul Pal, who is seen as an important influencer in the crypto community, revealed on Monday (January 18) that he had increased his ETH holdings.

''For longer-term HODLers of BTC and ETH this is probably a good time to start accumulating more. Personally, I've added more ETH and now time to add more speculative crypto.''

Joey Krug, Co-Chief Investment Officer at blockchain-focused investment firm Pantera Capital Management LP, explained in his firm’s most recent monthly newsletter why Ethereum (ETH) is undervalued.

In the January 2021 issue of Pantera Blockchain Letter, which was published on January 14, Krug started by giving an introduction to Ethereum and its ecosystem:

“Ethereum is the leading asset in the cryptocurrency space for developers who want to write smart contracts and decentralized finance (DeFi) applications. It’s the base money collateral for this new financial system. …

Finally, Keug listed several positive catalysts that make Pantera Capital “very bullish on Ethereum” and feel confident that the Ether (ETH) price is heading higher this year:

- “Ethereum is currently down 37% from its all-time high and we believe undervalued on a relative basis to Bitcoin… we’re overweight Ethereum. Bitcoin dominance has been hitting above 70% recently, which tends to be at the higher end of its range in recent years, and as the bull market continues, we think people will take some of their Bitcoin gains and roll them into Ethereum.

- “… once CME ETH futures launch, it legitimizes Ethereum as something institutional investors can own, and it’s actually a fairly easy bucket for them to allocate to (it fits in their tech disruption buckets).

- “… as more and more holders stake their ETH in Ethereum 2.0, that locks up Ethereum, which means less sell pressure on the price.”
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 22, 2021, 12:31:12 PM
Quote from: Mayday on January 22, 2021, 11:59:03 AM
ETHBTC ratio is increasing when prices are stable. Whether that continues in Q2 i am unsure. A 0.05-0.08 price ratio probably will happen this year.

During recent pullbacks ETH falls harder as the ratio unwinds. Therefore the ratio is only holding up under stable and/or increasing price points. Eg A 20% pullback on BTC is a 30% pullback on ETH.

People are overly focused on price exploding up. The lowest pricing will happen these coming weeks. The focus should be looking for the down.

Seems a realistic estimate.

And agreed, focusing on potential drops now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 22, 2021, 12:32:04 PM
ripping today.

The above article says this:

“Ethereum is the leading asset in the cryptocurrency space for developers who want to write smart contracts and decentralized finance (DeFi) applications. It’s the base money collateral for this new financial system. …

For those that mentioned that Ethereum is centralized, where is Raoul wrong? Or am I  misunderstanding something here?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 22, 2021, 12:43:37 PM
Quote from: Mayday on January 22, 2021, 11:59:03 AM
ETHBTC ratio is increasing when prices are stable. Whether that continues in Q2 i am unsure. A 0.05-0.08 price ratio probably will happen this year.

During recent pullbacks ETH falls harder as the ratio unwinds. Therefore the ratio is only holding up under stable and/or increasing price points. Eg A 20% pullback on BTC is a 30% pullback on ETH.

People are overly focused on price exploding up. The lowest pricing will happen these coming weeks. The focus should be looking for the down.

But this hasn't occurred this last BTC drop? ETh remained relatively stable compared to BTC, did it not? Arent prices volatile, not stable?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 22, 2021, 12:54:34 PM
Quote from: Bindare_Dundat on January 22, 2021, 12:32:04 PM
ripping today.

The above article says this:

“Ethereum is the leading asset in the cryptocurrency space for developers who want to write smart contracts and decentralized finance (DeFi) applications. It’s the base money collateral for this new financial system. …

For those that mentioned that Ethereum is centralized, where is Raoul wrong? Or am I  misunderstanding something here?

I don't know where they're coming up with that accusation:

''Ethereum enables the deployment of smart contracts and decentralized applications (dapps) to be built and run without any downtime, fraud, control or interference from a third party.''

https://www.investopedia.com/articles/investing/031416/bitcoin-vs-ethereum-driven-different-purposes.asp
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 22, 2021, 01:01:34 PM
Quote from: Griffith on January 22, 2021, 12:54:34 PM
I don't know where they're coming up with that criticism:

''Ethereum enables the deployment of smart contracts and decentralized applications (dapps) to be built and run without any downtime, fraud, control or interference from a third party.''

https://www.investopedia.com/articles/investing/031416/bitcoin-vs-ethereum-driven-different-purposes.asp

yeah, I dont understand.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 22, 2021, 01:02:17 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 22, 2021, 01:38:13 PM
Quote from: Bindare_Dundat on January 22, 2021, 12:43:37 PM
But this hasn't occurred this last BTC drop? ETh remained relatively stable compared to BTC, did it not? Arent prices volatile, not stable?

The ratio unwinds on a pullback and is not stable. I was looking at this very thing during the pullback the other day because I needed to understand whether falls on ETH were faster than a BTC. A 10%+ reduction of ratio during this last slide followed by a return to the previous ratio means in a slide ETH falls faster.

When we see BTC tap 21k and even lower on the downward overrun, you will see ETH get utterly wrecked for the duration of that decline and drop to a 0.028 or lower ratio. This will be in the ‘minutes of the bottom’ and then a window of hours. After that it will been bounce up to a close and begin it’s upward ratio run.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on January 22, 2021, 02:45:20 PM
Good read:

The Bit Short: Inside Crypto’s Doomsday Machine

Jan 14, 2021

https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 22, 2021, 03:43:49 PM
Quote from: loco on January 22, 2021, 02:45:20 PM
Good read:

The Bit Short: Inside Crypto’s Doomsday Machine

Jan 14, 2021

https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3

Ok.....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 22, 2021, 10:48:17 PM
Quote from: loco on January 22, 2021, 02:45:20 PM
Good read:

The Bit Short: Inside Crypto’s Doomsday Machine

Jan 14, 2021

https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3

It’s for tax evasion.

Tax is applied when a purchase and sale is completed. A sale is classed as an exit from the purchase/asset hold.

If you buy ETH using tether or BTC and then you sell ETH into tether or BTC you are completing the investment transaction and tax is applied in local currency.

The reason people use tether is to try and keep their buy and sell transactions private from the banking audit systems. Legit exchanges report your transactions to the govt anyway so you need to play by the rules or get fined or sent to jail.

If you choose an exchange that doesn’t report transactions and doesn’t accept bank account inflows and outflows then you are subject to the exchange being frozen. That’s a risk you accept.

I wonder if the guy who wrote the article declared his profits? Or if he is whinging about the risk of a system whilst taking advantage himself? 

I see loads of people online crowing how it’s awesome Bitcoin is becoming bigger and in the next breath whinging they can’t evade paying tax on profits.....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 22, 2021, 11:06:49 PM
Quote from: loco on January 22, 2021, 02:45:20 PM
Good read:

The Bit Short: Inside Crypto’s Doomsday Machine

Jan 14, 2021

https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3


On January 8th, I saw this post on Hacker News about Tether manipulating the price of Bitcoin. That shook me: I’d assumed Tether had been purged from the crypto markets, yet apparently it was still around. But how much Tether could there really be in the crypto markets? Surely not that much.

Still, I took a look. The answer, I was surprised to see, was a lot:

(https://miro.medium.com/max/1050/1*khpKB3DTiXm8v05uZ9rCsA.png)

The upshot: over two-thirds of all Bitcoin — $10 billion worth of it — that was bought in the previous 24 hours, was being purchased with Tethers.

Practically all the crypto sold on these three exchanges was being bought with Tethers. None at all was being bought with USD.

Bitcoin was clearly correlated with Tether; Tether was clearly being issued at a frantic rate; and that issuance had a high probability of being backed by nothing at all.

It seemed I’d been wrong to dismiss Tether. Tether wasn’t just in the crypto markets — Tether was the crypto markets.

From January 2020 to September 2020, the amount of all foreign currencies held by all the domestic banks in the Bahamas increases by only $600 million — going from $4.7B to $5.3B. (The table is in Bahamian dollars, but the Bahamian dollar is pegged to the US dollar, so 1 BSD = 1 USD.)

But during the same period, total issued Tethers increased by almost $5.4 billion — going from $4.6B to $10B!

The implication was shocking: there weren’t nearly enough dollars in all the domestic banks in the Bahamas to back the Tethers that were floating around in the crypto market.

So this was crypto’s big short: Tether Ltd. was short of US dollars — to the tune of about $25 billion.

- - - - -

That's a summary of his key points.

He's basically arguing that Tether is issuing out tokens which aren't backed by USD (since they do not have anywhere near the funds or assets to back these amounts) but are still used to buy cryptocurrencies.

This is also the argument Roubini made against Tether and Bitcoin, that it's being manipulated, due to use of unbacked Tether tokens.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 22, 2021, 11:15:45 PM
Cheers for the summary Griff.

It really should shed some light for people that tax evasion is massive in crypto.

Still, at some point you will want to exit in local currency and if you deal with enough money, your account will be frozen and investigated.

A lot of early holders worth millions are pissed to discover them buying 10M of ETH using BTC has triggered a 5M tax bill.....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 22, 2021, 11:25:09 PM
Quote from: Mayday on January 22, 2021, 11:15:45 PM
Cheers for the summary Griff.

It really should shed some light for people that tax evasion is massive in crypto.

Still, at some point you will want to exit in local currency and if you deal with enough money, your account will be frozen and investigated.

A lot of early holders worth millions are pissed to discover them buying 10M of ETH using BTC has triggered a 5M tax bill.....

Depends on the country. But yes, in most countries, if you are wanting to deposit a large amount of money into a bank, the banks will be required to satisfy themselves as to the legitimacy of the source of the money. Having said that, I know at least 4 people who have "cashed in" over 1m USD in BTC over short periods of time. They are all accredited HNWs with a offshore bank based in Hong Kong. They do need to do an annual survey that asks them about the source of their wealth etc, but for them its all been OK. From the HK bank they can send to any account they wish. Also, in HK as an off shore bank, no need to pay any income taxes or capital gains tax.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 23, 2021, 03:30:02 AM
If it’s offshore and you keep it offshore at worst you risk a freezing of funds.

If you move offshore to onshore you risk freezing of funds, assets, fines and jail.

It’s almost laughable how easy it is to ping someone. The only sure way is to be out of the system and keep out. This means paying people using crypto.

The second you enter the system you are visible. People think nobody looked and so they keep doing it. Eventually they get a knock and face jail time because it wasn’t a one off but several instances and larger amounts.

Everybody always gets away with it until they don’t get away with it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 23, 2021, 03:33:48 AM
Just pay the taxes.  Were all going to be billionaires anyway, hiw much money did you need? 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 23, 2021, 08:10:54 AM
For BTC, do you guys believe we could see a further drop, or that it has consolidated at about 30-32k for now?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on January 23, 2021, 08:16:53 AM
Quote from: Griffith on January 23, 2021, 08:10:54 AM
For BTC, do you guys believe we could see a further drop, or that it has consolidated at about 30-32k for now?

Nobody knows.Some like me feel 28 was as low as will go, others think 21.This is repeated everywhere, nobody knows in situations like this, where the Technical Analysis (charts) say its going lower, but the unusual events of the time, covid, mass rush to assets out of fiat etc could invalidate that.Its an unusual time in bitcoins history where the Whales aka the early buyers/miners who held the vast majority of the coins, are trying to dump but every dump is now getting bought up by the now entering Institutions who have far more money and resources.Before when the big holders decided to dump their coins to buy back lower, it was only weak handed retail public they were dumping on who didnt have the money or resolve to buy the dumps without the price cratering.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on January 23, 2021, 08:35:16 AM
Quote from: Bindare_Dundat on January 23, 2021, 03:33:48 AM
Just pay the taxes.  Were all going to be billionaires anyway, hiw much money did you need?
Ha, ha, sure you are.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 23, 2021, 12:08:39 PM
https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-prepares-for-a-massive-breakout-ahead-of-cmes-eth-futures-launch-202101210549

Ethereum price prepares for a massive breakout ahead of CME's ETH futures launch

The crypto community awaits the launch of CME Ether futures on February 8.
The derivatives are anticipated to be a game-changer for Ethereum amid the new record high. Technicals and on-chain metrics suggest that Ethereum is poised to rally to a new all-time high of around $1,700.

According to David Grider, an analyst at Fundstrat Global Advisors, Ethereum can hit $10,500 by the end of 2021. The medium-term technical outlook points to highs of $3,000.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on January 23, 2021, 12:47:57 PM
Quote from: Bindare_Dundat on January 22, 2021, 01:01:34 PM
yeah, I dont understand.

bitcoin is a protocol for money in the same way as the internet is a protocol for information. do we have 7500 different internets? do we have "potentially disruptive development in the alternative internet space"? why not? the innovation in the webspace is happening within the network.  innovation and disruptive development can and will happen only within the bitcoin protocol.

before we move on, we all need to be on the same network, the same track, the same language.

we are trying to get a unified measurement implemented globally. a measurement for value. imagine the engineers of the world came up with 7500 different ways of measuring length. confusion much, eh? no engineering possible, you know?! 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on January 23, 2021, 12:51:13 PM
Quote from: Griffith on January 22, 2021, 07:36:56 AM
https://kryptomoney.com/ethereum-2-0-set-to-cause-halving-the-aftermath-of-ethereums-proof-of-stake/

Ethereum 2.0 Set to Cause “Halving”

Eth 2.0 issuance is expected to be somewhere between 100,000 and 2 million a year, with the most likely scenario being that it will be much less than 2 million.

ETH Supply to Be Halved- presently, Ethereum has about 4.7 million ETH in issuance yearly, with ETH 2.0, ETH supply will range between 100,000 and 2 million annually, apparently less than 2 million.

Halving Will Be Accompanied by “Burning”- following every significant increase in transaction volumes, the total ETH in circulating supply will be reduced due to “burning”.

Explaining what was meant by “burning”, Buterin said that the initial transaction fees charged by the protocol will be halved, the first part goes to the miner as a ‘reward’, while the other part just gets burnt.


New development and innovation will be added to the existing Bitcoin network backbone as 2nd-layer add-ons (LN is one such example and there are, and will be, others). Bitcoin is currently a huge decentralized network, the size of which the world has never seen before. It is by far the fastest computational entity currently in existence on earth. This achievement is not easy to replicate. Apart from its vast size, it possesses features no other network of its kind possesses. Bitcoin is decentralized, trustless, immutable, borderless, scalable, super-hardened, super-robust, deflationary, scarce, not owned by any specific entity. It's all of the above and more. All at the same time. These are not blockchain properties, they are Bitcoin properties.

Just as new, innovative internet technologies are added on top of the tried, tested and robust TCP/IP layer, so will new, innovative technologies be added on top of the Bitcoin network backbone. There's no need to reinvent the wheel when the wheel is the optimal strategy. There are 100s of car brands, but their products all use wheels, because anything else is sub-optimal. Bitcoin is the "wheel" of the digital monetary revolution, and it will be used for decades to come. We, as Bitcoin HoDLers, are now tapping on the fundamental building block of a monetary instrument that will shake the foundations of the world's financial and wealth infrastructure. The avalanche has started, it's getting bigger, and it's unstoppable.

If anyone thinks an altcoin can easily replace all of the above, he is deluded. It's just a matter of time. You can either understand the tech, realise its potential and embrace it, or wait until you are forced to do so. It's up to you.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 23, 2021, 01:03:32 PM
Quote from: Griffith on January 23, 2021, 08:10:54 AM
For BTC, do you guys believe we could see a further drop, or that it has consolidated at about 30-32k for now?

Army will be correct that it will tap 28k.

I am saying ballpark 21k, 14 day timeframe. That will either be a wick or a close.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 23, 2021, 01:17:41 PM
Quote from: Griffith on January 23, 2021, 12:08:39 PM
The crypto community awaits the launch of CME Ether futures on February 8.
The derivatives are anticipated to be a game-changer for Ethereum amid the new record high. Technicals and on-chain metrics suggest that Ethereum is poised to rally to a new all-time high of around $1,700.

According to David Grider, an analyst at Fundstrat Global Advisors, Ethereum can hit $10,500 by the end of 2021. The medium-term technical outlook points to highs of $3,000.

The week CME launched futures for Bitcoin they shorted it and it crashed.......

Just sayin.....


To put that guy’s forecast into perspective:

Grider’s forecast for BTC end 2021 is 40k which might be ok (could be a tad high).

ETH @ 10.5k means a ratio of 0.26 vs today’s 0.038. A ratio of 0.15 would make ETH the same size as BTC. A ratio of 0.26 means he thinks ETH will be the overwhelming market leader by year end and BTC falling massively behind.

I don’t have a prob believing in a 40k year end price. But ETH to dwarf BTC in 11 months time? I think we might see a permanent ratio increase but that might be 0.04 by year end not 0.26.....

His forecast would essentially mean square, microstrategy and grayscale all being billion dollar purchases of ETH instead of BTC.......
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 23, 2021, 01:41:21 PM
This last couple pages showing the prospects for manipulation and tax issues...  ;D

Answer from the crypto cult "yeah, but..."



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on January 23, 2021, 02:33:47 PM
Quote from: SOMEPARTS on January 23, 2021, 01:41:21 PM
This last couple pages showing the prospects for manipulation and tax issues...  ;D

Answer from the crypto cult "yeah, but..."





Bitcoin is the first global 24/7 market that everyone and their grandma can participate in without permission. almost all bitcoiners are able to sell all or at least some of their stack with a stroke of a key. In contrast to almost all other financial products, where brokers, opening hours and other reasons create a friction that does not allow anyone to play nervously around with live changing amounts of money.
This makes bitcoin, this unique global 24/7 market, structurally susceptible to media campaigns, FUD campaigns, online marketing spin doctors. (Manipulation)
As long as the mindset of "buy&sell" smart, of "it can go to zero, so always be aware and have your sell trigger ready and alert" persists, FUD induced selling will be a thing.

There are CEO's of IT related companies who panic sell their btc stash at the local bottom because they hear "double spend OMG!!1!!!"

Try inserting FUD about van Goghs paintings and see how many art collectors will panic sell their van Goghs. not a single one. tell weak hand bitcoiners that china will use the bitcoin kill switch tomorrow and you will have some that are happy to panic sell their entire stash within a few minutes..
This is also one of the reasons for the high volatility. Over time this will correct itself.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Matt on January 23, 2021, 04:43:24 PM
Quote from: thegamechanger on June 18, 2015, 12:43:20 PM
sounds risky, ill invest my money in an old hardcore cellar gym rather.

This aged well.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 23, 2021, 05:32:07 PM
Quote from: Theoak* on January 23, 2021, 02:33:47 PM
Bitcoin is the first global 24/7 market that everyone and their grandma can participate in without permission. almost all bitcoiners are able to sell all or at least some of their stack with a stroke of a key. In contrast to almost all other financial products, where brokers, opening hours and other reasons create a friction that does not allow anyone to play nervously around with live changing amounts of money.
This makes bitcoin, this unique global 24/7 market, structurally susceptible to media campaigns, FUD campaigns, online marketing spin doctors. (Manipulation)
As long as the mindset of "buy&sell" smart, of "it can go to zero, so always be aware and have your sell trigger ready and alert" persists, FUD induced selling will be a thing.

There are CEO's of IT related companies who panic sell their btc stash at the local bottom because they hear "double spend OMG!!1!!!"

Try inserting FUD about van Goghs paintings and see how many art collectors will panic sell their van Goghs. not a single one. tell weak hand bitcoiners that china will use the bitcoin kill switch tomorrow and you will have some that are happy to panic sell their entire stash within a few minutes..
This is also one of the reasons for the high volatility. Over time this will correct itself.


(https://media0.giphy.com/media/XIqCQx02E1U9W/giphy.gif)


Cliff notes:

"yeah but..."   ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Marty Champions on January 23, 2021, 05:37:37 PM
You cant by shit with crypto dumbasses
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 23, 2021, 05:38:55 PM
Quote from: Marty Champions on January 23, 2021, 05:37:37 PM
You cant by shit with crypto dumbasses

Lol.ok.

Over 100,000 merchants worldwide accept bitcoin. Notable ones include Microsoft and Expedia, as well as the online electronics retailer Newegg. ... You can use bitcoin to buy a gift card and then shop at those retailers or another one of the 200-some that they work with, including giants like Nike, Target and Starbucks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Marty Champions on January 23, 2021, 05:47:23 PM
Quote from: Bindare_Dundat on January 23, 2021, 05:38:55 PM
Lol.ok.

Over 100,000 merchants worldwide accept bitcoin. Notable ones include Microsoft and Expedia, as well as the online electronics retailer Newegg. ... You can use bitcoin to buy a gift card and then shop at those retailers or another one of the 200-some that they work with, including giants like Nike, Target and Starbucks.
well its not encrypted if u do buisness with corporations , what a lie
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 23, 2021, 05:50:16 PM
Quote from: Bindare_Dundat on January 23, 2021, 05:38:55 PM
Lol.ok.

Over 100,000 merchants worldwide accept bitcoin. Notable ones include Microsoft and Expedia, as well as the online electronics retailer Newegg. ... You can use bitcoin to buy a gift card and then shop at those retailers or another one of the 200-some that they work with, including giants like Nike, Target and Starbucks.




"yeah, but..."   ;D

Reads like ad copy for a Bitcoin lobbyist, haha.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on January 23, 2021, 08:28:03 PM
Quote from: SOMEPARTS on January 23, 2021, 05:32:07 PM

(https://media0.giphy.com/media/XIqCQx02E1U9W/giphy.gif)


Cliff notes:

"yeah but..."   ;D

I understand.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 24, 2021, 12:41:45 AM
Quote from: Theoak* on January 23, 2021, 12:51:13 PM

New development and innovation will be added to the existing Bitcoin network backbone as 2nd-layer add-ons (LN is one such example and there are, and will be, others). Bitcoin is currently a huge decentralized network, the size of which the world has never seen before. It is by far the fastest computational entity currently in existence on earth. This achievement is not easy to replicate. Apart from its vast size, it possesses features no other network of its kind possesses. Bitcoin is decentralized, trustless, immutable, borderless, scalable, super-hardened, super-robust, deflationary, scarce, not owned by any specific entity. It's all of the above and more. All at the same time. These are not blockchain properties, they are Bitcoin properties.

Just as new, innovative internet technologies are added on top of the tried, tested and robust TCP/IP layer, so will new, innovative technologies be added on top of the Bitcoin network backbone. There's no need to reinvent the wheel when the wheel is the optimal strategy. There are 100s of car brands, but their products all use wheels, because anything else is sub-optimal. Bitcoin is the "wheel" of the digital monetary revolution, and it will be used for decades to come. We, as Bitcoin HoDLers, are now tapping on the fundamental building block of a monetary instrument that will shake the foundations of the world's financial and wealth infrastructure. The avalanche has started, it's getting bigger, and it's unstoppable.

If anyone thinks an altcoin can easily replace all of the above, he is deluded. It's just a matter of time. You can either understand the tech, realise its potential and embrace it, or wait until you are forced to do so. It's up to you.

From 3:55 Raoul Pal gives his opinion on Ethereum:

He believes Ethereum is getting adopted faster and could potentially have a bigger market cap over time. He also believes a platform is more valuable than an asset.

And says he's not talking about a flippening happening 'immediately'.

Also, with Metcalfe's law, the more people that enter a network and the more network connections, the more it goes up in value.

When BTC reached a million wallets, that price is also 'exactly the same' as when ETH reached a million wallets.

On a side note, Ethereum currently can do 60 transactions per second, Ethereum 2 will be able to do 100 000 and Bitcoin can do a maximum of 4.6 transactions per second. Visa can apparently handle about 24 000 transactions per second.

Ethereum is also currently used by several major banks including JPMorgan. Amazon and Microsoft Azure also use Ethereum.

It also now settles $12 billion in transactions daily, $3 billion more than Bitcoin.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 24, 2021, 01:53:40 AM
Quote from: Bindare_Dundat on January 21, 2021, 01:59:31 AM
Moved 30% BTC into Ethereum last night for the short term.




Ethereum climbing. 

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 24, 2021, 03:29:49 AM
Quote from: Griffith on January 24, 2021, 12:41:45 AM

On a side note, Ethereum currently can do 60 transactions per second, Ethereum 2 will be able to do 100 000 and Bitcoin can do a maximum of 4.6 transactions per second. Visa can apparently handle about 24 000 transactions per second.


On the 2nd layer lightening network, BTC transactions will be able to scale to over 100,000 per second. That will then be reconciled on the base layer of Bitcoin. So you get the speed of a visa-like payment, with the security of something far more solid than the fait money that underlies Visa fiat transactions. Which is why, of course, Visa, PayPay, Square, and many others, are offering BTC as an underlying store of base value.

Eth is not a store of value. It is a platform. Eth can be infinitely produced - it is not inherently or mathematically scarce like Bitcoin is. That will however, not stop people treating it as a speculative instrument, (at least in the shot-term).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 24, 2021, 03:55:13 AM
https://www.nasdaq.com/articles/why-ethereum-is-the-most-compelling-alternative-to-bitcoin-today-2021-01-21
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 24, 2021, 03:57:07 AM
Quote from: Griffith on January 24, 2021, 12:41:45 AM
From 3:55 Raoul Pal gives his opinion on Ethereum:

He believes Ethereum is getting adopted faster and could potentially have a bigger market cap over time. He also believes a platform is more valuable than an asset.

And says he's not talking about a flippening happening 'immediately'.

Also, with Metcalfe's law, the more people that enter a network and the more network connections, the more it goes up in value.

When BTC reached a million wallets, that price is also 'exactly the same' as when ETH reached a million wallets.

On a side note, Ethereum currently can do 60 transactions per second, Ethereum 2 will be able to do 100 000 and Bitcoin can do a maximum of 4.6 transactions per second. Visa can apparently handle about 24 000 transactions per second.

Ethereum is also currently used by several major banks including JPMorgan. Amazon and Microsoft Azure also use Ethereum.

It also now settles $12 billion in transactions daily, $3 billion more than Bitcoin.


I want to see Ethereum go much higher. It is very undervalued IMO at $1300-1400. I won't sell at these prices. I might consider selling some at 10K. And then buy back in if prices dip.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 24, 2021, 04:08:25 AM
Quote from: gib on January 24, 2021, 03:29:49 AM
On the 2nd layer lightening network, BTC transactions will be able to scale to over 100,000 per second. That will then be reconciled on the base layer of Bitcoin. So you get the speed of a visa-like payment, with the security of something far more solid than the fait money that underlies Visa fiat transactions. Which is why, of course, Visa, PayPay, Square, and many others, are offering BTC as an underlying store of base value.

Eth is not a store of value. It is a platform. Eth can be infinitely produced - it is not inherently or mathematically scarce like Bitcoin is. That will however, not stop people treating it as a speculative instrument, (at least in the shot-term).

As mentioned several large banks such as JPMorgan and Santander are already using Ethereum. Amazon is apparently as well.

All stablecoins use Ethereum. Central banks could as well.

The Reserve Bank of Australia, Thailand, Hong Kong and France are also considering using Ethereum for the issuing of 'central bank digital currency' (CBDC). The company they are using, 'Consenys', uses Ethereum. The South African Reserve Bank (SARB) is also experimenting with using Ethereum.

https://www.ledgerinsights.com/reserve-bank-of-australia-wholesale-cbdc-ethereum/

Etnereum appearing in several CBDC projects

Today the Reserve Bank of Australia announced its planning a proof of concept (PoC) for a wholesale central bank digital currency (CBDC) based on distributed ledger technology (DLT), or more specifically, Ethereum blockchain technology.

Over the past few weeks, ConsenSys has announced involvement in multiple projects with central banks, pointing to several central banks exploring Ethereum technology. Last week, Consensys declared it’s developing a PoC with the Bank of Thailand for retail CBDC, or digital Baht.

Up to now, its CBDC initiative used R3’s Corda technology. ConsenSys is also partnering with the Hong Kong Monetary Authority (HKMA) for the cross-border payment trial with Thailand, as part of the second phase of Project Inthanon-LionRock.

In Europe, Consensys announced a collaboration with Societe Generale Forge on CBDC tests with the Banque de France.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 24, 2021, 04:12:45 AM
USD and other fiat currencies are in a hyperinflationary collapse against many cryptos including Bitcoin, Ethereum, Litecoin and others. This is what happens when banks keep printing fiat currencies.

The beauty of Bitcoin and others is the finite supply. It is now a major milestone for a major investor to acquire 50,000 BTC. Think about that! And it is becoming incredible hard to get anymore. The same thing will happen to Ethereum. And with Ethereum they are now considering burning ETH to limit the supply.

Bitcoin was around $1000 in January 2017. Then it shot up to $19,500 by the end of the year.

Ethereum was around $1000 on January 4th 2021. So how high could it go by the end of the year? I have seen estimates of up to $27,000! Time will tell. But we know the government will keep printing dollars.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 24, 2021, 04:18:35 AM
Quote from: gib on January 24, 2021, 03:29:49 AM
On the 2nd layer lightening network, BTC transactions will be able to scale to over 100,000 per second. That will then be reconciled on the base layer of Bitcoin. So you get the speed of a visa-like payment, with the security of something far more solid than the fait money that underlies Visa fiat transactions. Which is why, of course, Visa, PayPay, Square, and many others, are offering BTC as an underlying store of base value.

Eth is not a store of value. It is a platform. Eth can be infinitely produced - it is not inherently or mathematically scarce like Bitcoin is. That will however, not stop people treating it as a speculative instrument, (at least in the shot-term).
I keep saying Bitcoin is not the only player in town. There are more developers involved with Ethereum and probably also investors. That's the network affect which brings value to Bitcoin and Ethereum. Ethereum is going to go up. If I was you I would sell some BTC for ETH while the ratio is still in favor of Bitcoin. I see ETH settling eventually at 6:1 with Bitcoin. But in the near term perhaps it can get to 15:1 or 10:1. Maybe I am wrong?

I plan on converting some Ethereum to Bitcoin. But not at the current ratios. Ethereum has some catching up to do.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 24, 2021, 04:24:15 AM
Quote from: obsidian on January 24, 2021, 04:12:45 AM
USD and other fiat currencies are in a hyperinflationary collapse against many cryptos including Bitcoin, Ethereum, Litecoin and others. This is what happens when banks keep printing fiat currencies.

The beauty of Bitcoin and others is the finite supply. It is now a major milestone for a major investor to acquire 50,000 BTC. Think about that! And it is becoming incredible hard to get anymore. The same thing will happen to Ethereum. And with Ethereum they are now considering burning ETH to limit the supply.

Bitcoin was around $1000 in January 2017. Then it shot up to $19,500 by the end of the year.

Ethereum was around $1000 on January 4th 2021. So how high could it go by the end of the year? I have seen estimates of up to $27,000! Time will tell. But we know the government will keep printing dollars.

And as indicated in the above post, several central banks are actively experimenting with using Ethereum to develop their central bank digital currency (CBDC).

Imagine a digital Thai Baht, Singapore or HK Dollar using Ethereum? For instance, HK processes the third highest amount of global forex transactions, almost US$450 billion daily.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 24, 2021, 04:53:56 AM
Quote from: obsidian on January 24, 2021, 04:12:45 AM


 The same thing will happen to Ethereum. And with Ethereum they are now considering burning ETH to limit the supply.

Bitcoin was around $1000 in January 2017. Then it shot up to $19,500 by the end of the year.

Ethereum was around $1000 on January 4th 2021. So how high could it go by the end of the year? I have seen estimates of up to $27,000! Time will tell. But we know the government will keep printing dollars.

Its not a consideration, its happening from what I understand.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 24, 2021, 05:08:56 AM
Quote from: Bindare_Dundat on January 24, 2021, 04:53:56 AM
Its not a consideration, its happening from what I understand.

Quote
ETH Supply to Be Halved- presently, Ethereum has about 4.7 million ETH in issuance yearly, with ETH 2.0, ETH supply will range between 100,000 and 2 million annually, apparently less than 2 million.

Halving Will Be Accompanied by “Burning”- following every significant increase in transaction volumes, the total ETH in circulating supply will be reduced due to “burning”.

Explaining what was meant by “burning”, Buterin said that the initial transaction fees charged by the protocol will be halved, the first part goes to the miner as a ‘reward’, while the other part just gets burnt.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 24, 2021, 06:08:02 AM
For Eth to scale, millions more need to be produced on an ongoing basis. Burned ETH will have to be replaced by new ETH. You can run all that ETH theoretically could be used for as a platform, unless the supply is virtually infinite. Think about it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 24, 2021, 06:30:06 AM
I truly think most people who own eth fully understand it. (And that includes myself by the way). Its an incredibly ambitious project they have, with very few successful scaled use cases. But that will of course, not stop people speculating on it as a coin, despite it never having been intended to be used as such (and indeed any "cost" of the eth in fact being prohibitive to their goals of having eth function as a platform for smart contracts).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 24, 2021, 07:10:54 AM
Quote from: gib on January 24, 2021, 06:08:02 AM
For Eth to scale, millions more need to be produced on an ongoing basis. Burned ETH will have to be replaced by new ETH. You can run all that ETH theoretically could be used for as a platform, unless the supply is virtually infinite. Think about it.

My understanding is that the burned ETH will further reduce the available supply for that year.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 24, 2021, 07:16:36 AM
Quote from: gib on January 24, 2021, 06:30:06 AM
I truly think most people who own eth fully understand it. (And that includes myself by the way). Its an incredibly ambitious project they have, with very few successful scaled use cases. But that will of course, not stop people speculating on it as a coin, despite it never having been intended to be used as such (and indeed any "cost" of the eth in fact being prohibitive to their goals of having eth function as a platform for smart contracts).

I'm mainly seeing it's potential for growth if it becomes a platform used by more banks, stablecoins and central banks. At the moment, all stablecoins are using Ethereum.

So far some central banks are experimenting with its use, but if it's announced they are officially using the Ethereum platform to issue central bank digital currency, this would be huge.

And if not adopted by central banks, I believe stablecoins backed by hard currency have great potential in developing countries where purchasing foreign currency is very difficult or even not possible.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 24, 2021, 08:53:21 AM
An answer to the recent Eth inflation/deflation discussion is here at, around 28min mark


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on January 24, 2021, 10:15:24 AM
the etherium hype train is strong right now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on January 24, 2021, 12:10:38 PM
Ethereum won’t be with more than Bitcoin.  There way more units of ethereum than there are of BTC
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 24, 2021, 02:16:34 PM
Quote from: El Diablo Blanco on January 24, 2021, 12:10:38 PM
Ethereum won’t be with more than Bitcoin.  There way more units of ethereum than there are of BTC

ETH market cap last few years was roughly 20% of BTC.

Price of ETH can go 5 times to be of equal value with BTC which would mean looking for a value ratio of 0.1 ETHBTC.

In saying that, the ratio is skewed today due to seasonality so the 0.042 value trending now is not a result of a permanent shift but a short term trend.

I think 99.99% of information today being said online is misleading because they want people to believe ETH is flying upwards while reality shows even with an increasing ETHBTC ratio valuation the price is falling.....

ETH to 20k is a distraction when ETH has a 10% lower price than it’s peak during this current parabolic run. Besides, the timing of the quotes are from months ago yet social media is chucking them up as if it was said yesterday.....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on January 24, 2021, 02:51:14 PM
I have Cash App where it is very simple to buy BTC and any other stock but I don't see any option to buy Ethereum. How do you buy Ethereum?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on January 24, 2021, 04:05:08 PM
Quote from: pellius on January 24, 2021, 02:51:14 PM
I have Cash App where it is very simple to buy BTC and any other stock but I don't see any option to buy Ethereum. How do you buy Ethereum?

e.g. coinbase
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on January 24, 2021, 04:16:38 PM
Read this. Interesting.

There are currently 11 wallets without outbound payments since 2014, holding a total of 273,182 BTC.[1]

As soon as one of these ‘whales’ (large holders) sell their Bitcoins, the price will decline firmly. It happened before. This will trigger bots to sell more, plummeting the rates even more.

Some of these wallets might be inaccessible. Or the holders are waiting for the right moment to manipulate the rates?

Nobody knows.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 24, 2021, 04:23:40 PM
Quote from: El Diablo Blanco on January 24, 2021, 12:10:38 PM
Ethereum won’t be with more than Bitcoin.  There way more units of ethereum than there are of BTC
According to Coinmarket Cap there are in circulation:

18,609,481 BTC
114,388,819 ETH

114,388,819 / 18,609,481 = 6.14

So there's about 6.14 times more ETH minted than BTC.

This is why the true price ratio should be 6:1.

https://coinmarketcap.com/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 24, 2021, 04:24:49 PM
To the moon!! Lol

Good day today.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 25, 2021, 02:52:17 AM
Quote from: Mayday on January 24, 2021, 02:16:34 PM


Price of ETH can go 5 times to be of equal value with BTC which would mean looking for a value ratio of 0.1 ETHBTC.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 25, 2021, 03:35:35 AM
Quote from: El Diablo Blanco on January 24, 2021, 04:16:38 PM
Read this. Interesting.

There are currently 11 wallets without outbound payments since 2014, holding a total of 273,182 BTC.[1]

As soon as one of these ‘whales’ (large holders) sell their Bitcoins, the price will decline firmly. It happened before. This will trigger bots to sell more, plummeting the rates even more.

Some of these wallets might be inaccessible. Or the holders are waiting for the right moment to manipulate the rates?

Nobody knows.

They are going to short the market.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 25, 2021, 04:27:59 AM
https://markets.businessinsider.com/currencies/news/ethereum-price-explodes-secure-new-all-time-high-analysts-double-14702021-1-1029998498

Ethereum explodes 21% in just one day to secure a new all-time high past $1,470 - and analysts expect it to double in the next two weeks

The world's second-largest cryptocurrency, with a market cap of $160 billion, has risen on 90% a year-to-date basis, outpacing bitcoin's 10% rise.

But Ethereum's rally is expected to match the momentum in bitcoin's. Analysts at Galaxy Trading expect the price to trade as high as $3,000 in the next few weeks. Comparing bitcoin and Ethereum's rally, the analysts noted a similar pattern of limited price momentum followed by a major breakout.

Ethereum has gained 1,200% in value since the March 2020 coronavirus-induced market crash, compared with a 700% increase in the value of bitcoin. In 2020, the Ethereum network saw over $1 trillion worth of transactions on its blockchain - exceeding the transaction volumes of payment platforms such as PayPal.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 25, 2021, 05:11:13 AM
Btc just made a move after showing some resistance to the upside, similar to ethereums moves yesterday. If it holds this for a while could be bullish run.

MAYDAY  are you paying attention to wallet activity?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 25, 2021, 05:18:11 AM
Quote from: Mayday on January 25, 2021, 03:35:35 AM
They are going to short the market.

Dead wallets.most.likely.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 25, 2021, 05:22:12 AM
 ;D

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 25, 2021, 05:24:45 AM
Quote from: Griffith on January 25, 2021, 05:22:12 AM
;D



Pay attention to the pumpamentals.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on January 25, 2021, 05:31:25 AM
Quote from: Bindare_Dundat on January 25, 2021, 05:18:11 AM
Dead wallets.most.likely.

There are stories of at least 3 of them who had thrown away or locked themselves out of their BTC.  How sad.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 25, 2021, 05:31:59 AM
BTC is awakening from its little slumber, as US funds start Monday trading.

ETH fanboys stand aside and let the big boys back in to dominate the BTC trade... :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 25, 2021, 05:41:09 AM
Quote from: gib on January 25, 2021, 05:31:59 AM
BTC is awakening from its little slumber, as US funds start Monday trading.

ETH fanboys stand aside and let the big boys back in to dominate the BTC trade... :)

Dont get cocky.  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 25, 2021, 06:10:14 AM
Is all good. The big money is coming from the institutional players into BTC. Some of that BTC gains in turn bleed into Eth. And beyond that into Alts. Its like BTC is the planet, and the alts all circulate around like moons. The alts may well outperform in the short term, purely due to smaller market cap. But make no doubts about it - BTC is the big Daddy, and the rest are to some extent parasites of the crypto ecosystem, who from time to time are having a nice meal. :)

It would not surprise me at all if alts (including ETH) in the near team, outperform BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on January 25, 2021, 06:37:39 AM
Quote from: El Diablo Blanco on January 24, 2021, 12:10:38 PM
Ethereum won’t be with more than Bitcoin.  There way more units of ethereum than there are of BTC

there are other factors to consider here as well
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 25, 2021, 07:41:12 AM
The Herd Is Coming


Nasdaq-listed Marathon Patent Group buys $150 million worth of bitcoin as part of the company's treasury reserves

 Quick Take

    Publicly-traded Marathon Patent Group has bought bitcoin worth about $150 million.
    Marathon CEO Merrick Okamoto told The Block that the purchase was made from the company’s cash reserves.


Nasdaq-listed Marathon Patent Group announced Monday that it has purchased around 4,813 bitcoin for about $150 million.

The investment is part of the company's treasury funds, Marathon CEO Merrick Okamoto told The Block. This is the first time the company, which is involved in bitcoin mining, has bought bitcoin from the market.

"By leveraging our cash on hand to invest in bitcoin now, we have transformed our potential to be a pure-play investment into a reality," said Okamoto. "We also believe that holding part of our treasury reserves in bitcoin will be a better long-term strategy than holding U.S. dollars, similar to other forward-thinking companies like MicroStrategy."

To be sure, Marathon's stock rallied 892% last year and MicroStrategy's stock gained 166%, as compared to bitcoin's gain of about 300% during the year.

Earlier this month, Marathon raised $250 million in an equity round. When asked whether those funds were utilized to buy the bitcoin, Okamoto told The Block that the company had $425 million in cash before this raise, which was utilized to buy the bitcoin.

Crypto financial services firm NYDIG helped execute the transaction. The purchase was completed on January 21, NYDIG told The Block, adding that the purchase amount per bitcoin was around $31,135.

The order was completed "in only a few hours" from idea to execution, said NYDIG.

Last month, the firm also assisted insurance giant MassMutual to buy bitcoin worth $100 million, and MassMutual at the time acquired a $5 million minority equity stake in NYDIG.

As for Marathon Patent Group, the company has been mining bitcoin since late 2017.  Today, it has 2,560 bitcoin miners in production, currently producing around 1.5 to 2 bitcoin per day, Okamoto told The Block.

To expand its operations, Marathon recently ordered 100,500 units of advanced S19 miners from Bitmain for about $270 million. "These units will be shipped beginning this week," Okamoto told The Block. "When fully deployed and installed, the company's total hashrate capability will exceed 10.34 exahash [from the current about 256 petahash], which we believe could make Marathon the largest bitcoin miner in the world."

 https://www.theblockcrypto.com/post/92378/nasdaq-marathon-patent-group-buys-bitcoin-btc-treasury-reserves
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 25, 2021, 07:47:26 AM
Quote from: polychronopolous on January 25, 2021, 07:41:12 AM
The Herd Is Coming


Nasdaq-listed Marathon Patent Group buys $150 million worth of bitcoin as part of the company's treasury reserves

 Quick Take

    Publicly-traded Marathon Patent Group has bought bitcoin worth about $150 million.
    Marathon CEO Merrick Okamoto told The Block that the purchase was made from the company’s cash reserves.


Nasdaq-listed Marathon Patent Group announced Monday that it has purchased around 4,813 bitcoin for about $150 million.

The investment is part of the company's treasury funds, Marathon CEO Merrick Okamoto told The Block. This is the first time the company, which is involved in bitcoin mining, has bought bitcoin from the market.

"By leveraging our cash on hand to invest in bitcoin now, we have transformed our potential to be a pure-play investment into a reality," said Okamoto. "We also believe that holding part of our treasury reserves in bitcoin will be a better long-term strategy than holding U.S. dollars, similar to other forward-thinking companies like MicroStrategy."

To be sure, Marathon's stock rallied 892% last year and MicroStrategy's stock gained 166%, as compared to bitcoin's gain of about 300% during the year.

Earlier this month, Marathon raised $250 million in an equity round. When asked whether those funds were utilized to buy the bitcoin, Okamoto told The Block that the company had $425 million in cash before this raise, which was utilized to buy the bitcoin.

Crypto financial services firm NYDIG helped execute the transaction. The purchase was completed on January 21, NYDIG told The Block, adding that the purchase amount per bitcoin was around $31,135.

The order was completed "in only a few hours" from idea to execution, said NYDIG.

Last month, the firm also assisted insurance giant MassMutual to buy bitcoin worth $100 million, and MassMutual at the time acquired a $5 million minority equity stake in NYDIG.

As for Marathon Patent Group, the company has been mining bitcoin since late 2017.  Today, it has 2,560 bitcoin miners in production, currently producing around 1.5 to 2 bitcoin per day, Okamoto told The Block.

To expand its operations, Marathon recently ordered 100,500 units of advanced S19 miners from Bitmain for about $270 million. "These units will be shipped beginning this week," Okamoto told The Block. "When fully deployed and installed, the company's total hashrate capability will exceed 10.34 exahash [from the current about 256 petahash], which we believe could make Marathon the largest bitcoin miner in the world."

 https://www.theblockcrypto.com/post/92378/nasdaq-marathon-patent-group-buys-bitcoin-btc-treasury-reserves


Bahahahaha.

But but but its all shit
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 25, 2021, 07:53:30 AM
Quote from: Bindare_Dundat on January 25, 2021, 07:47:26 AM

Bahahahaha.

But but but its all shit

Get the CEOs of these companies on conference call IMMEDIATELY!!

A handful of getbiggers said it's all a big scam!!!  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 25, 2021, 09:29:41 AM
Somebody show me how the central banks can profit from an outside monetary system in a way that exceeds the current system.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on January 25, 2021, 09:41:27 AM
Quote from: SOMEPARTS on January 25, 2021, 09:29:41 AM
Somebody show me how the central banks can profit from an outside monetary system in a way that exceeds the current system.
They can't, it's just part of the pipe dream.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 25, 2021, 10:48:31 AM
Quote from: SOMEPARTS on January 25, 2021, 09:29:41 AM
Somebody show me how the central banks can profit from an outside monetary system in a way that exceeds the current system.

Several central banks are experimenting with using Ethereum technology in order to introduce their own Central Bank Digital Currency (CBDCs).

Ethereum is a software platform used for banking, and to create and manage digital coins, such as stablecoins, which are backed by hard currency. USDC (US Dollar Coin) uses Ethereum.

Ether (ETH) is the cryptocurrency of the Ethereum platform.

https://consensys.net/blog/enterprise-blockchain/cbdc-pilots-on-ethereum/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 25, 2021, 11:08:02 AM
Quote from: Griffith on January 25, 2021, 10:48:31 AM
Several central banks are experimenting with using Ethereum technology in order to introduce their own Central Bank Digital Currency (CBDCs).

Ethereum is a software platform used for banking, and to create and manage digital coins, such as stablecoins, which are backed by hard currency. At the moment, USDC (US Dollar Coin) uses Ethereum.

Ether (ETH) is the cryptocurrency of the Ethereum platform.

https://consensys.net/blog/enterprise-blockchain/cbdc-pilots-on-ethereum/


Yes, I'm sure if something comes up that is as easy to control/manipulate and more profitable - central banks will be all in.

This board's BTC proponents however will be checking google for an answer to my question. Again, in what situation do the banks....that run the world....and own the politicians....and are ruthless enough to finance both sides of every major war...allow a major money system outside of their SWIFT system to exist?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 25, 2021, 12:04:58 PM
Quote from: SOMEPARTS on January 25, 2021, 11:08:02 AM

Yes, I'm sure if something comes up that is as easy to control/manipulate and more profitable - central banks will be all in.

This board's BTC proponents however will be checking google for an answer to my question. Again, in what situation do the banks....that run the world....and own the politicians....and are ruthless enough to finance both sides of every major war...allow a major money system outside of their SWIFT system to exist?

Who cares? Enjoy the ride. Lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 25, 2021, 12:34:01 PM
Quote from: Bindare_Dundat on January 25, 2021, 05:11:13 AM
Btc just made a move after showing some resistance to the upside, similar to ethereums moves yesterday. If it holds this for a while could be bullish run.

MAYDAY  are you paying attention to wallet activity?

I’m not following any news or any wallet activity.

ETH is in a short seasonality run that happens in the first 3 months of each year.

The difference to the last few years is this seasonality has happened during a parabolic move causing the price to rise significantly. This is why I sold BTC and switched to ETH. The news is making it out to be something it isn’t. It’s a temporary trend not a transformation of market structure.

Ultimately BTC controls the market direction so ETH will follow regardless of seasonality if BTC takes a dive (however ETH recovers quicker than BTC during seasonality).

I don’t see any bull run about to happen from where BTC sits right now. BTC Ballpark target 21k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 25, 2021, 01:06:32 PM
Quote from: Mayday on January 25, 2021, 12:34:01 PM
I’m not following any news or any wallet activity.

ETH is in a short seasonality run that happens in the first 3 months of each year.

The difference to the last few years is this seasonality has happened during a parabolic move causing the price to rise significantly. This is why I sold BTC and switched to ETH. The news is making it out to be something it isn’t. It’s a temporary trend not a transformation of market structure.

Ultimately BTC controls the market direction so ETH will follow regardless of seasonality if BTC takes a dive (however ETH recovers quicker than BTC during seasonality).

I don’t see any bull run about to happen from where BTC sits right now. BTC Ballpark target 21k.

Sold.most.of.my ETH yesterday. Glad i stuck it out. Hoping for another hurrah in btc before.your  predicted price fall range but its seems to be losing steam.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 25, 2021, 01:14:35 PM
Quote from: SOMEPARTS on January 25, 2021, 11:08:02 AM
world....and own the politicians....and are ruthless enough to finance both sides of every major war...allow a major money system outside of their SWIFT system to exist?
If politicians own Bitcoin and other cyptos they will have enough wealth where there is no need to be bought and paid for. The solution is to get the politicians out of the clutches of the bankers. Then you just tell the bankers to go fuck themselves. If they don't want to comply you send a few mercenaries to set them straight.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 25, 2021, 01:28:23 PM
Quote from: obsidian on January 25, 2021, 01:14:35 PM
If politicians own Bitcoin and other cyptos they will have enough wealth where there is no need to be bought and paid for. The solution is to get the politicians out of the clutches of the bankers. Then you just tell the bankers to go fuck themselves. If they don't want to comply you send a few mercenaries to set them straight.



Haha, good one. I can see the unicorns and fairy dust.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 25, 2021, 01:34:04 PM
Quote from: obsidian on January 25, 2021, 01:14:35 PM
If politicians own Bitcoin and other cyptos they will have enough wealth where there is no need to be bought and paid for. The solution is to get the politicians out of the clutches of the bankers. Then you just tell the bankers to go fuck themselves. If they don't want to comply you send a few mercenaries to set them straight.

 ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 25, 2021, 06:50:18 PM
Quote from: SOMEPARTS on January 25, 2021, 11:08:02 AM

Yes, I'm sure if something comes up that is as easy to control/manipulate and more profitable - central banks will be all in.

This board's BTC proponents however will be checking google for an answer to my question. Again, in what situation do the banks....that run the world....and own the politicians....and are ruthless enough to finance both sides of every major war...allow a major money system outside of their SWIFT system to exist?

Efficiency and capitalism lead to the creation and adoption of new technologies. Those in power know (or are realizing) that they cannot beat a decentralized and borderless system being adopted by the people. So they instead will (and) are capitulating from anger, denial, etc to acceptance and then embracing. (Much like the personal journey we took Mr Anabolic on during the course of this thread). If you can't beat'em, join'em. That's what is happening.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 25, 2021, 06:54:29 PM
Quote from: gib on January 25, 2021, 06:50:18 PM
Efficiency and capitalism lead to the creation and adoption of new technologies. Those in power know (or are realizing) that they cannot beat a decentralized and borderless system being adopted by the people. So they instead will (and) are capitulating from anger, denial, etc to acceptance and then embracing. (Much like the personal journey we took Mr Anabolic on during the course of this thread). If you can't beat'em, join'em. That's what is happening.

Oh damn I just assumed old technology would be around forever and would never be replaced by new technology  ??? :o
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on January 25, 2021, 07:00:46 PM
Harvard, Yale, Brown Endowments Have Been Buying Bitcoin for at Least a Year: Sources


Some of the largest university endowment funds in the U.S. have been quietly buying cryptocurrency for the past year or so through accounts held at Coinbase and other exchanges, CoinDesk has learned.

According to two sources familiar with the situation, Harvard, Yale, Brown and the University of Michigan as well as several other colleges have been buying crypto directly on exchanges. (Several Ivy League endowments took an interest in blockchain technology via crypto-focused venture capital funds back in 2018.)

“There are quite a few,” said a source who asked to remain unnamed. “A lot of endowments are allocating a little bit to crypto at the moment.”
Yale and Brown did not respond to requests for comment by press time. When reached by CoinDesk, the Harvard and University of Michigan endowments declined to comment. Coinbase also declined to comment. University endowments got a single mention in Coinbase’s annual report for 2020, but without naming any names.

Some of the university endowment funds in question may have held accounts with Coinbase for as long as 18 months, according to one source.


https://finance.yahoo.com/news/harvard-yale-brown-endowments-buying-213404726.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 25, 2021, 07:51:31 PM
Quote from: gib on January 25, 2021, 05:31:59 AM
BTC is awakening from its little slumber, as US funds start Monday trading.

ETH fanboys stand aside and let the big boys back in to dominate the BTC trade... :)

Guess it went back to sleep.  :-\

Lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 25, 2021, 08:20:02 PM
Quote from: gib on January 25, 2021, 06:50:18 PM
Efficiency and capitalism lead to the creation and adoption of new technologies. Those in power know (or are realizing) that they cannot beat a decentralized and borderless system being adopted by the people. So they instead will (and) are capitulating from anger, denial, etc to acceptance and then embracing. (Much like the personal journey we took Mr Anabolic on during the course of this thread). If you can't beat'em, join'em. That's what is happening.



This sounds like me 5 years ago... but the white paper was wrong.

There is nothing decentralized about a singular crypto ledger....even more concentrated as that platform and its "efficiency" benefits those who would use the ledger to track, tax, etc. The days of free internet are over if you haven't noticed. Bitcoin is the Betamax of money.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 25, 2021, 08:59:44 PM
http://www.coindesk.com/institutional-investors-ether-rally%3famp=1

More Institutional Investors Are Buying Ether, Seeing It as a Store of Value

More institutional investors are seeing ether as a store of value, according to Coinbase’s annual review for 2020. The crypto exchange noticed “a growing number” of its institutional clients have taken positions in ether, the native currency of the Ethereum network, for its strong returns. These clients predominantly bought bitcoin in 2020.

“The case for owning ethereum [ether] we hear most frequently from our clients is a combination of, first, its evolving potential as a store of value and, second, its status as a digital commodity that is required to power transactions on its network,” according to the report.

As industry leaders including Coinbase and Gemini continue to take a bullish view of ether, an increasing number of large investors are also exploring the sub-sector called decentralized finance (DeFi), according to analysts and traders.

Adding to the thesis that institutional investors are growing more interested in ether, the CME announced in December it will launch ether futures contracts next month. An ether-based derivatives products on one of the world’s largest regulated futures exchanges catering to an institutional crowd will give customers an opportunity to hedge their spot positions, reduce their overall risk of investing in ether and provide a venue for them to take speculative positions.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on January 26, 2021, 01:52:23 AM
Quote from: SOMEPARTS on January 25, 2021, 08:20:02 PM


This sounds like me 5 years ago... but the white paper was wrong.

There is nothing decentralized about a singular crypto ledger....even more concentrated as that platform and its "efficiency" benefits those who would use the ledger to track, tax, etc. The days of free internet are over if you haven't noticed. Bitcoin is the Betamax of money.

So how.much  btc did you purchase 5 years ago?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 26, 2021, 02:11:39 AM
Quote from: SOMEPARTS on January 25, 2021, 08:20:02 PM


This sounds like me 5 years ago... but the white paper was wrong.

There is nothing decentralized about a singular crypto ledger....even more concentrated as that platform and its "efficiency" benefits those who would use the ledger to track, tax, etc. The days of free internet are over if you haven't noticed. Bitcoin is the Betamax of money.

A level headed post.

The decentralised becomes centralised if it has any future in being adopted. Everything would be tracked.

To be fair, gib is talking decades and centuries into the future. Much like Zillo talks decades and hundreds of years into the future and Anabolic also talked in terms of lifetimes.

If someone thinks it’s going to Change in 2021-2023 timeframe I’ll happily grill them......
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 26, 2021, 06:35:27 AM
Quote from: Theoak* on January 26, 2021, 01:52:23 AM
So how.much  btc did you purchase 5 years ago?


Covered my early experience with crypto in a post last page or two.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on January 26, 2021, 07:35:04 AM
$ 31,702.29
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 26, 2021, 10:33:48 AM
https://cointelegraph.com/news/ethereum-will-become-the-main-asset-for-investors-in-2021

Ethereum will become the main asset for investors in 2021

The potential of Ether greatly exceeds Bitcoin, and the community is beginning to understand the value of ETH.

During 2020, more than $1 trillion worth of transactions were recorded on the Ethereum blockchain. These figures exceed the transaction volume of payments giants like PayPal, which is used by over 350 million users and has with average volumes that do not generally exceed $200 billion per quarter.

Despite Bitcoin's leadership in the cryptocurrency market, Ethereum remains the leader of the young decentralized finance industry. Highly popular in the summer of 2020, DeFi lending and staking projects continue to grow, attracting new investments.

The total value locked in decentralized finance since the beginning of 2020 has grown nearly 3,300%, from $687 million to $23.2 billion. And it is Ethereum that is the main platform for the creation and launch of most new DeFi projects and stablecoins.

The emission of stablecoins is constantly growing, as digital assets backed by the value of less-volatile fiat currencies are a very convenient tool for quick settlements between users, for forming trading pairs on crypto exchanges and for saving capital from high volatility in your crypto wallet.

(https://s3.cointelegraph.com/uploads/2021-01/1c681812-bd88-4558-8697-36c54206d50e.png)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 26, 2021, 05:35:29 PM
Lightening Network for BTC rolled out in Vietnam.

This is going to be really interesting if younger population in those types of countries, all tech savvy and with mobile phones etc start adopting.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 26, 2021, 05:52:50 PM
Quote from: polychronopolous on January 25, 2021, 06:54:29 PM
Oh damn I just assumed old technology would be around forever and would never be replaced by new technology  ??? :o

Like gold you mean? Nah, 5000 years of history, It lasted pretty well, until BTC came along... :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 26, 2021, 05:56:59 PM
Quote from: Griffith on January 26, 2021, 10:33:48 AM
https://cointelegraph.com/news/ethereum-will-become-the-main-asset-for-investors-in-2021

Ethereum will become the main asset for investors in 2021

The potential of Ether greatly exceeds Bitcoin...

Potential for what? Usage does not necessarily equate to value. We commonly use air, yet its supply is plentiful, nor do we use air as a source of value. Be careful not to confuse concepts. Same misunderstanding applied during the dot-com boom, when value was equated with "eyeballs".
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 26, 2021, 10:02:47 PM
Quote from: gib on January 26, 2021, 05:56:59 PM
Potential for what? Usage does not necessarily equate to value. We commonly use air, yet its supply is plentiful, nor do we use air as a source of value. Be careful not to confuse concepts. Same misunderstanding applied during the dot-com boom, when value was equated with "eyeballs".

Carbon tax.

What happened to the big boys that were supposed.reverse the dropping price trend?

Not being sarcastic. Curious what you think is going on? I'm actually welcoming this slow descend. The meteoric rise was nuts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 26, 2021, 10:18:52 PM
Quote from: gib on January 26, 2021, 05:56:59 PM
during the dot-com boom, when value was equated with "eyeballs".


Turned out that was 100% true, just wrong timing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 26, 2021, 10:35:16 PM
Quote from: gib on January 26, 2021, 05:56:59 PM
Potential for what? Usage does not necessarily equate to value. We commonly use air, yet its supply is plentiful, nor do we use air as a source of value. Be careful not to confuse concepts. Same misunderstanding applied during the dot-com boom, when value was equated with "eyeballs".

Growth.

Things like air are generally free, the more people using a product or network usually means more people are paying to use it.

Stablecoins are Ethereum tokens, and as indicated in the graph, their use, such as that of USDC, has skyrocketed.

Even several central banks are considering using Ethereum for their own central bank digital currencies (CBDC).

Several large banks are already using Ethereum.

Like everything, it could go either way, but this indicates good potential for future growth.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 26, 2021, 10:56:34 PM
https://www.cointelegraph.com/news/ethereum-s-realized-cap-spikes-to-record-highs-as-capital-floods-in-report/amp

Ethereum’s realized cap spikes to record highs as capital floods in: Report

Ethereum’s realized cap has surged into new all-time highs this month, indicating that new money is rushing to accumulate ETH.

Ethereum’s realized capitalization has increased by nearly 50% in January so far to tag new all-time highs above $70 billion, according to CoinMetrics.

The growth of Ethereum’s realized cap appears to have outperformed that of Bitcoin's last year, with Glassnode reporting that BTC’s realized cap had grown 50% since the beginning of 2020 as of Dec. 15. CoinMetrics’ data indicates Ethereum had seen an 85% increase over the same period.

Blockchain Center’s Flippening Index currently estimates that Ethereum is 71% of the way to surpassing Bitcoin according to eight key metrics — comprising a new all-time high for the indicator.

The index notes Ethereum has already surpassed Bitcoin by transaction fees and transaction count, and estimates that transaction volume and node count are at 99% and 97% of Bitcoin’s respectively.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 26, 2021, 11:37:50 PM
‘Capital flooding in’ is so bullish the price crashes.......

Fuck me the disconnect from media to data is massive.

 It does beg the question when emails are spammed advising on share prices about to go for a run it is deemed illegal. Social media has shown to be far more influential than those emails so at what point are these social media ‘opinions’ deemed illegal?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on January 27, 2021, 03:10:02 AM
Quote from: FitnessFrenzy on January 24, 2021, 04:05:08 PM
e.g. coinbase

I tried coin base. Too complicated. Wasn't worth the effort. I think that's what's keeping these cryptos from gaining steam. Even with BTC. When I bought some SARMS over the net it was $150. So now I had to figure out how much BTC equals $150. The various exchange sites post different conversions and I notice BTC's value is changing by the second. Anyway, I use the Coinbase site and then the next day the guy tells me I'm $20 short and sends me a screenshot of how much my BTC was worth when he checked it. I'm thinking that, sure, that's what it's worth now but not what it was worth when I sent it. I tell him instead of me sending him another $30 worth of BTC and not knowing the value when he gets it, I want him to tell me exactly how much BTC I have to pay him, and whatever he says, it's final.

People, both buyer and seller, aren't going to put up with that bullshit for mainstream, everyday transactions.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on January 27, 2021, 03:35:03 AM
Quote from: pellius on January 27, 2021, 03:10:02 AM
I tried coin base. Too complicated. Wasn't worth the effort. I think that's what's keeping these cryptos from gaining steam. Even with BTC. When I bought some SARMS over the net it was $150. So now I had to figure out how much BTC equals $150. The various exchange sites post different conversions and I notice BTC's value is changing by the second. Anyway, I use the Coinbase site and then the next day the guy tells me I'm $20 short and sends me a screenshot of how much my BTC was worth when he checked it. I'm thinking that, sure, that's what it's worth now but not what it was worth when I sent it. I tell him instead of me sending him another $30 worth of BTC and not knowing the value when he gets it, I want him to tell me exactly how much BTC I have to pay him, and whatever he says, it's final.

People, both buyer and seller, aren't going to put up with that bullshit for mainstream, everyday transactions.
This is exactly why it can never work.  I had some Bitcoin in a online casino until I realized I would make more money by doing nothing than actually spending it.  It really has no value.  If I were these guys with thousands or millions in Bitcoin I would be cashing out why they still can.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on January 27, 2021, 03:47:07 AM
Quote from: Humble Narcissist on January 27, 2021, 03:35:03 AM
This is exactly why it can never work.  I had some Bitcoin in a online casino until I realized I would make more money by doing nothing than actually spending it.  It really has no value.  If I were these guys with thousands or millions in Bitcoin I would be cashing out why they still can.

Im sure many said the same thing when they used the first manufactured coins back in 600BC, no value, why bother, lets keep using food, livestock and women as barter.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 27, 2021, 05:09:12 AM
Quote from: Humble Narcissist on January 27, 2021, 03:35:03 AM
This is exactly why it can never work.  I had some Bitcoin in a online casino until I realized I would make more money by doing nothing than actually spending it.  It really has no value.  If I were these guys with thousands or millions in Bitcoin I would be cashing out why they still can.
Huh? How could it have no value but then make more money doing nothing then spending it?


Well if you cant figure it out guess that means no one else will. Yup, selling everything now .

  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 27, 2021, 05:12:46 AM
Quote from: pellius on January 27, 2021, 03:10:02 AM
I tried coin base. Too complicated. Wasn't worth the effort. I think that's what's keeping these cryptos from gaining steam. Even with BTC. When I bought some SARMS over the net it was $150. So now I had to figure out how much BTC equals $150. The various exchange sites post different conversions and I notice BTC's value is changing by the second. Anyway, I use the Coinbase site and then the next day the guy tells me I'm $20 short and sends me a screenshot of how much my BTC was worth when he checked it. I'm thinking that, sure, that's what it's worth now but not what it was worth when I sent it. I tell him instead of me sending him another $30 worth of BTC and not knowing the value when he gets it, I want him to tell me exactly how much BTC I have to pay him, and whatever he says, it's final.

People, both buyer and seller, aren't going to put up with that bullshit for mainstream, everyday transactions.

They were clunky to use in the early days. But really easy to use now. Of course, like any kind of currency transaction, it does require some basic understanding of numbers. But it is real easy these days.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 27, 2021, 05:16:51 AM

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 27, 2021, 05:19:13 AM
Quote from: SOMEPARTS on January 25, 2021, 08:20:02 PM


This sounds like me 5 years ago... but the white paper was wrong.

There is nothing decentralized about a singular crypto ledger....even more concentrated as that platform and its "efficiency" benefits those who would use the ledger to track, tax, etc. The days of free internet are over if you haven't noticed. Bitcoin is the Betamax of money.

Not sure it you are having a laugh, or being serious, but the "decentralized" as aspect is that no single person controls the ledger. Rather verification of validity is distributed. But of course, there is a single, verified ledger. That's the whole point...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 27, 2021, 05:24:24 AM
Quote from: Griffith on January 26, 2021, 10:35:16 PM
Growth.

Things like air are generally free, the more people using a product or network usually means more people are paying to use it.

Stablecoins are Ethereum tokens, and as indicated in the graph, their use, such as that of USDC, has skyrocketed.

Even several central banks are considering using Ethereum for their own central bank digital currencies (CBDC).

Several large banks are already using Ethereum.

Like everything, it could go either way, but this indicates good potential for future growth.

You are confusing concepts. The supply of ETH is theoretically infinite. The fact that something is widely used, does not mean it has "value". Think for example of the internet that we all use. The actual underlying protocol is essential, yet its free. For eth to be broadly used and adopted for the purposes that it was designed, it essentially needs to be free.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 27, 2021, 06:24:48 AM
Quote from: gib on January 25, 2021, 05:31:59 AM
BTC is awakening from its little slumber, as US funds start Monday trading.

ETH fanboys stand aside and let the big boys back in to dominate the BTC trade... :)

When?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 27, 2021, 07:26:24 AM
Quote from: pellius on January 27, 2021, 03:10:02 AM
I tried coin base. Too complicated. Wasn't worth the effort. I think that's what's keeping these cryptos from gaining steam. Even with BTC. When I bought some SARMS over the net it was $150. So now I had to figure out how much BTC equals $150. The various exchange sites post different conversions and I notice BTC's value is changing by the second. Anyway, I use the Coinbase site and then the next day the guy tells me I'm $20 short and sends me a screenshot of how much my BTC was worth when he checked it. I'm thinking that, sure, that's what it's worth now but not what it was worth when I sent it. I tell him instead of me sending him another $30 worth of BTC and not knowing the value when he gets it, I want him to tell me exactly how much BTC I have to pay him, and whatever he says, it's final.

People, both buyer and seller, aren't going to put up with that bullshit for mainstream, everyday transactions.



Yes, the space in general is full of youtube hucksters, gambling addicts, day traders and video game dorks. Not exactly a confidence inspiring crowd.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 27, 2021, 07:29:45 AM
Quote from: Army of One on January 27, 2021, 03:47:07 AM
Im sure many said the same thing when they used the first manufactured coins back in 600BC, no value, why bother, lets keep using food, livestock and women as barter.


Early gold and silver coins were backed by both intrinsic value as well as financially solvent countries that issued them.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 27, 2021, 07:32:29 AM
Quote from: gib on January 27, 2021, 05:24:24 AM
You are confusing concepts. The supply of ETH is theoretically infinite. The fact that something is widely used, does not mean it has "value". Think for example of the internet that we all use. The actual underlying protocol is essential, yet its free. For eth to be broadly used and adopted for the purposes that it was designed, it essentially needs to be free.

If something is widely used and is paid for, it tends to increase the value of that network, platform or brand.

Use of the internet is ‘free’, but the money paid to use it goes to those who provide the networks. An internet service provider with a large network will tend to be worth much more than one with a small user base.

Comparing it to the internet, Ethereum provides its own network or platform and its currency is ether. 

Raoul Pal argues that Metcalfe's Law and the network effect applies to Ethereum and I tend to agree with this view.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 27, 2021, 07:36:44 AM
Quote from: gib on January 27, 2021, 05:19:13 AM
Not sure it you are having a laugh, or being serious, but the "decentralized" as aspect is that no single person controls the ledger. Rather verification of validity is distributed. But of course, there is a single, verified ledger. That's the whole point...



Oh, I'm laughing for sure. You can't be serious bragging about Wall Street etc buying this and at the same time claiming somehow it is immune to manipulation. That's the sole reason they are buying.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 27, 2021, 08:16:56 AM
Quote from: Bindare_Dundat on January 27, 2021, 06:24:48 AM
When?

Not sure. Lets see if it establishes a support level at 30K. Some solid stability there may provide a good platform for the next climb.

Expect lots of volatility next 3-4 days. The calm before the storm...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on January 27, 2021, 08:27:22 AM
Quote from: gib on January 27, 2021, 08:16:56 AM
Not sure. Lets see if it establishes a support level at 30K. Some solid stability there may provide a good platform for the next climb.

Expect lots of volatility next 3-4 days. The calm before the storm...

There is no storm.  Yellin is going to crush BTC.  One of the whales is going to panic and sell and watch this hit $10K
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on January 27, 2021, 08:29:56 AM
Quote from: Griffith on January 16, 2021, 12:36:18 PM
You have the first post in this thread  ???

No, it was already started when I joined on.   Who remembers the original poster here?  Was he banned?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 27, 2021, 08:44:33 AM
https://www.coindesk.com/ethereum-based-consensys-quorum-partners-with-chinas-bsn-blockchain

Ethereum-Based ConsenSys Quorum Partners With China’s BSN Blockchain

New York-based Ethereum hub ConsenSys has partnered with the Blockchain-based Service Network (BSN) to bring its enterprise ledger, Quorum, to China’s nationwide blockchain project.

As part of the partnership, announced Monday, ConsenSys Quorum, an open-source protocol layer that serves as a foundation for businesses to build Ethereum-based applications, will be available in about 80 different cities through BSN’s public city nodes throughout mainland China.

The BSN was founded in April 2020 by Red Date Technology, a Beijing-based software company, China UnionPay and China Mobile. BSN spans various cloud environments and portals in China (Quorum is already integrated with Alibaba Cloud), and is also backed by the Chinese government in the form of the National Development and Reform Commission (NDRC), an economic planning agency.

Designed to be the backbone of the so-called “Digital Silk Road,” BSN has so far deployed 108 public city nodes, connecting over 80 cities across mainland China and eight public city nodes in other countries around the world, according to a press statement.

“After the launch, BSN will include Quorum in BSN’s training programs in 2021 to substantially accelerate the enterprise adoption of blockchain technology and Ethereum-based solutions in China,” Yifan He, CEO of Red Date Technology and the executive director of BSN Development Association, said in a statement.

“GoQuorum will also be interoperable with other permissioned frameworks and open permissioned frameworks on BSN,” He said, “building the blockchain cornerstone for the ‘new infrastructure’ in China.”

Enterprise blockchain has been given strong support from the government in China and the tech is a good fit for the country’s sprawling manufacturing landscape, he said.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 27, 2021, 09:20:20 AM
Quote from: Griffith on January 27, 2021, 08:44:33 AM
https://www.coindesk.com/ethereum-based-consensys-quorum-partners-with-chinas-bsn-blockchain

Ethereum-Based ConsenSys Quorum Partners With China’s BSN Blockchain

New York-based Ethereum hub ConsenSys has partnered with the Blockchain-based Service Network (BSN) to bring its enterprise ledger, Quorum, to China’s nationwide blockchain project.

As part of the partnership, announced Monday, ConsenSys Quorum, an open-source protocol layer that serves as a foundation for businesses to build Ethereum-based applications, will be available in about 80 different cities through BSN’s public city nodes throughout mainland China.

The BSN was founded in April 2020 by Red Date Technology, a Beijing-based software company, China UnionPay and China Mobile. BSN spans various cloud environments and portals in China (Quorum is already integrated with Alibaba Cloud), and is also backed by the Chinese government in the form of the National Development and Reform Commission (NDRC), an economic planning agency.

Designed to be the backbone of the so-called “Digital Silk Road,” BSN has so far deployed 108 public city nodes, connecting over 80 cities across mainland China and eight public city nodes in other countries around the world, according to a press statement.

“After the launch, BSN will include Quorum in BSN’s training programs in 2021 to substantially accelerate the enterprise adoption of blockchain technology and Ethereum-based solutions in China,” Yifan He, CEO of Red Date Technology and the executive director of BSN Development Association, said in a statement.

“GoQuorum will also be interoperable with other permissioned frameworks and open permissioned frameworks on BSN,” He said, “building the blockchain cornerstone for the ‘new infrastructure’ in China.”

Enterprise blockchain has been given strong support from the government in China and the tech is a good fit for the country’s sprawling manufacturing landscape, he said.

China is going nuts with crypto. America needs to get its shit together.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on January 27, 2021, 09:50:24 AM
Quote from: El Diablo Blanco on January 27, 2021, 08:27:22 AM
There is no storm.  Yellin is going to crush BTC.  One of the whales is going to panic and sell and watch this hit $10K

I think the US Federal Reserve + the European Central Bank won't allow for an uprise of BTC for much longer. Granted, that's speculation on my part, but then again so is everything behind BTC in many ways.

The big money families behind the various central banks won't just allow for these underground digital currencies to dethrone them as the masters of the universe.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on January 27, 2021, 10:09:31 AM
Quote from: OneMoreRep on January 27, 2021, 09:50:24 AM
I think the US Federal Reserve + the European Central Bank won't allow for an uprise of BTC for much longer. Granted, that's speculation on my part, but then again so is everything behind BTC in many ways.

The big money families behind the various central banks won't just allow for these underground digital currencies to dethrone them as the masters of the universe.

"1"
They could just pay off the inventor of Bitcoin to shut it down.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on January 27, 2021, 10:14:29 AM
Quote from: Humble Narcissist on January 27, 2021, 10:09:31 AM
They could just pay off the inventor of Bitcoin to shut it down.

They could, but I don't think they would make such an obvious move.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on January 27, 2021, 10:23:24 AM
Quote from: Humble Narcissist on January 27, 2021, 10:09:31 AM
They could just pay off the inventor of Bitcoin to shut it down.

Isn't that the scary part?  Some unknown guy still holds the code for this?  What shit is he/they capable of?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on January 27, 2021, 10:45:59 AM
Quote from: El Diablo Blanco on January 27, 2021, 10:23:24 AM
Isn't that the scary part?  Some unknown guy still holds the code for this?  What shit is he/they capable of?
I think we will find out soon enough.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 27, 2021, 01:24:03 PM
Quote from: El Diablo Blanco on January 27, 2021, 10:23:24 AM
Isn't that the scary part?  Some unknown guy still holds the code for this?  What shit is he/they capable of?

Lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 27, 2021, 02:13:46 PM
BTC looking very sick right now.   :-X

My scenario was BTC to 21k then to 55k.

I’m not seeing data deviate from my model so as far as I am concerned this is still the plan.

I said the week of Feb 4th would be the bottom. We still have plenty of time, no rush.


However I’ll flag the ‘black swan’ entering the swimming pool is the CME ETH futures on the 8th Feb. this date alone could alter the data pattern and then we see BTC to 11k-14k.

In saying that, during the week of the 4th if BTC completes a pullback the futures may leave Crypto alone because they would be shorting from a Bull support position after a pullback which is not ideal.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on January 27, 2021, 02:20:15 PM
$ 30,915.80
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 27, 2021, 02:42:27 PM
Quote from: FitnessFrenzy on January 27, 2021, 02:20:15 PM
$ 30,915.80

It broke 30k support last night :-X
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 27, 2021, 02:56:35 PM
Quote from: Mayday on January 27, 2021, 02:13:46 PM
BTC looking very sick right now.   :-X

My scenario was BTC to 21k then to 55k.

I’m not seeing data deviate from my model so as far as I am concerned this is still the plan.

I said the week of Feb 4th would be the bottom. We still have plenty of time, no rush.


However I’ll flag the ‘black swan’ entering the swimming pool is the CME ETH futures on the 8th Feb. this date alone could alter the data pattern and then we see BTC to 11k-14k.

In saying that, during the week of the 4th if BTC completes a pullback the futures may leave Crypto alone because they would be shorting from a Bull support position after a pullback which is not ideal.

So if the ethereum approval fails we see a big dip with btc as well? Thats what you're saying here? How long do you anticipate recovery?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 27, 2021, 03:39:58 PM
Quote from: Bindare_Dundat on January 27, 2021, 02:56:35 PM
So if the ethereum approval fails we see a big dip with btc as well? Thats what you're saying here? How long do you anticipate recovery?

Apologies if I have caused some confusion in my posts. I will try and clarify.

I use a base level model then build risks/opportunities from there.

First and foremost, BTC to 21k price point whether that is a close or a wick. This is my base model for BTC.

BTC leads the market and determines the price range of ETH. If BTC goes to 21k we will see ETH around the 600-700 range. This is by base model for ETH and assumes a ratio pullback from 4.1% to around 3.1% during savage drops. Hence ETH falls faster in a pullback than BTC.

Crystal clear? Nice :)

From there we have 2 possible scenarios IMO:
1) a bounce from 21k and a second parabolic move
2) a large downward swing on price to 11k-14k which is a bear market move

The argument for outcome 1 is the pullback hasn’t been inline with the brutal pullbacks from parabolic runs that then caused a bear market like outcome 2. Weekly we have gone from 38.1k to 30.2k which is a 20.6% decline in 19 days. This is inline with drops that then had rallies after. Therefore this scenario gets my vote (for now).

The argument for outcome 2 is the negative action the market takes when the ETH futures come into play. We only have one data point for this which resulted in market obliteration via shorting BTC. So the odds of a crash are 1 in 1......

We therefore assume the same market action would be taken but this would be both on BTC and ETH shorts. The large holders dump coins en masse and at the same time take short positions and bleed everybody dry. It would mean the ETH ratio gets obliterated from a 0.041 position to around a 0.021 position.

The fly in the ointment for scenario 2 is the timing of the futures will be at the bottom of a pullback. The question becomes would the market really short it further? In 2017 futures were introduced at the top of a parabolic run so it was ripe for a massive short. This time it is the opposite.


Recovery:
Outcome 1 - a couple of days to bounce from 21k up to 26k-28k range and stabilise.
Outcome 2 - bear market for maybe months.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 27, 2021, 04:09:21 PM
Thank you for explaining further.
I know you mentioned you don't read crypto news so I hope you don't mind if i ask your opinion on articles that suggest that after Feb 8ths decision, long term either scenerio still remains bullish for btc but short term pain might be inevitable. 

Is the long term game plan still viable?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 27, 2021, 04:17:43 PM
Just a side note, the length of time changes the numbers.

I believe there is 10-14 days left of pullback. I am going the route of shorter but more aggressive pullbacks and ramps because this is what I have seen in the data. 19 days from peak and we are at a -25% pullback. That is very aggressive hence my 21k target which is a 48% pullback on price.

However, the pullback might decide to take another 21-28 days in which case the bottom will be less aggressive. This would put a price target around 25k which is a 39% pullback. This would require a change of the buy/sell patterns displayed in these last 19 days to being less aggressive. Definitely possible.

Both price target are plausible.

I believe it’s eyeing 26k-28k at the moment. Generally speaking we see a hard puke to the bottom at the very tail end of a pullback. Going from 26k to 25k is more of a cuddle than a hard puke so I think it’ll still be an aggressive drop towards the 21k mark.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 27, 2021, 04:24:17 PM
Quote from: Mayday on January 27, 2021, 04:17:43 PM
Just a side note, the length of time changes the numbers.

I believe there is 10-14 days left of pullback. I am going the route of shorter but more aggressive pullbacks and ramps because this is what I have seen in the data. 19 days from peak and we are at a -25% pullback. That is very aggressive hence my 21k target which is a 48% pullback on price.

However, the pullback might decide to take another 21-28 days in which case the bottom will be less aggressive. This would put a price target around 25k which is a 39% pullback. This would require a change of the buy/sell patterns displayed in these last 19 days to being less aggressive. Definitely possible.

Both price target are plausible.

I believe it’s eyeing 26k-28k at the moment. Generally speaking we see a hard puke to the bottom at the very tail end of a pullback. Going from 26k to 25k is more of a cuddle than a hard puke so I think it’ll still be an aggressive drop towards the 21k mark.

Ok. But again,  im curious, about  the long term scenerio for those that choose to hodl...are their hopes in vain for future ATH's if things go way down? Even a year from now,  will we ever see the high prices we have been seeing recently.or is  this ride.over?

Appreciate your.time.in responding to my limited knowledge posts. I'm trying to grasp it all and you do help.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 27, 2021, 04:32:06 PM
Quote from: Bindare_Dundat on January 27, 2021, 04:09:21 PM
Thank you for explaining further.
I know you mentioned you don't read crypto news so I hope you don't mind if i ask your opinion on articles that suggest that after Feb 8ths decision, long term either scenerio still remains bullish for btc but short term pain might be inevitable. 

Is the long term game plan still viable?

We have a decade history of price revival. The major coins will be fine.

On the flip side for the majority of alt coins, they will die a fiery death.

For BTC I still think:
Next move is 21k
Parabolic to 55k (slightly higher on the daily)
massive market short and puke down to 25k
move to a 40k baseline

It is more probable for BTC to hit an all time high in the coming months than it is at the back end of the year. That is also something to consider.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 27, 2021, 04:40:30 PM
Quote from: Bindare_Dundat on January 27, 2021, 04:24:17 PM
Ok. But again,  im curious, about  the long term scenerio for those that choose to hodl...are their hopes in vain for future ATH's if things go way down? Even a year from now,  will we ever see the high prices we have been seeing recently.or is  this ride.over?

For BTC I have stated I don’t think it will go as high as people think. I think it will be overtaken.

When the wealthy and powerful tell you it has no future one should probably listen. Doesn’t mean we can’t make money in the short term. But HODLers might lose out.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 27, 2021, 04:58:10 PM
Quote from: Mayday on January 27, 2021, 04:40:30 PM
For BTC I have stated I don’t think it will go as high as people think. I think it will be overtaken.

When the wealthy and powerful tell you it has no future one should probably listen. Doesn’t mean we can’t make money in the short term. But HODLers might lose out.

That is both settling and frightening to hear. Lol

I had one last question and again I apologize if its a stupid one.

Why would the ethereum futures contracts have such a negative.effect on btc's price? They are separate entities and btc has had the most effect on the movement of the other coins, not the other way around..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 27, 2021, 05:04:31 PM
Quote from: Mayday on January 27, 2021, 04:40:30 PM
For BTC I have stated I don’t think it will go as high as people think. I think it will be overtaken.

When the wealthy and powerful tell you it has no future one should probably listen. Doesn’t mean we can’t make money in the short term. But HODLers might lose out.
Weak hands getting shaken from the tree right now lol! Just hold and forget about it. The price will go up and down. Long term it will trend up! They are not going to stop printing dollars because they don't have a choice. The US debt will also never be paid off with a strong dollar. Perhaps a weak dollar....

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 27, 2021, 05:49:17 PM
Quote from: Bindare_Dundat on January 27, 2021, 04:58:10 PM
That is both settling and frightening to hear. Lol

I had one last question and again I apologize if its a stupid one.

Why would the ethereum futures contracts have such a negative.effect on btc's price? They are separate entities and btc has had the most effect on the movement of the other coins, not the other way around..

BTC drives market direction so you make BTC go down to ensure ETH is in a downward trend and then you apply huge shorting pressure to ETH on top which would see that ratio of 0.041 unwind which creates a larger short position.

ETH really could get utterly demolished in that scenario because just unwinding the ETH ratio back to 0.03 creates a 30% pullback alone and then add on top a market pullback of 20% and it’s suddenly very appealing to short BTC and get a 50% position vs a 30% position with the added security that you made the market swing downward anyway so it’s pretty much a guaranteed win vs shorting just ETH.

Don’t get overly bogged down in it. If you are putting money in the line, Just sit and wait.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 27, 2021, 05:57:11 PM
Quote from: obsidian on January 27, 2021, 05:04:31 PM
Weak hands getting shaken from the tree right now lol! Just hold and forget about it. The price will go up and down. Long term it will trend up! They are not going to stop printing dollars because they don't have a choice. The US debt will also never be paid off with a strong dollar. Perhaps a weak dollar....



It isn’t a question surrounding monetary policy.

It is a question of whether BTC becomes the chosen one. Right now, it isn’t.

The powerful wealthy have said BTC will die. Therefore I’ll side with the billionaires and banks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on January 27, 2021, 06:26:05 PM
Imagine Bitcoin at $10000000 there would’ve be enough money to cash it out.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 27, 2021, 06:31:49 PM
Quote from: Mayday on January 27, 2021, 05:57:11 PM
It isn’t a question surrounding monetary policy.

It is a question of whether BTC becomes the chosen one. Right now, it isn’t.

The powerful wealthy have said BTC will die. Therefore I’ll side with the billionaires and banks.
Which wealthy? Old farts like Warren Buffet? He'll be dead in a few years and after that will have zero opinion. The future belongs to the younger generation that's alive now.

This is just more FUD! LMAO!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 27, 2021, 06:32:58 PM
Quote from: El Diablo Blanco on January 27, 2021, 06:26:05 PM
Imagine Bitcoin at $10000000 there would’ve be enough money to cash it out.
If it goes that high I would imagine exchanges would limit how much you can withdraw to avoid a run on the banks situation.

I wonder if there will be an option to trade Bitcoin for stocks like Amazon, Tesla etc?! I would be all for that to diversify.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 27, 2021, 06:34:59 PM
https://www.commandiv.com/

Stocks and crypto, finally together.
Commandiv lets you trade stocks, funds, and major cryptocurrencies all in one place.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 27, 2021, 06:36:41 PM
Bitcoin and ETH appear to be trending up a little again. A lot of weak hands exposed lol! Bitboy Crypto flopped like a bitch. One day he says it is going to the moon and the next day it is crashing to the bottom. He totally exposed himself the past few days lol!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 27, 2021, 06:40:32 PM
Don't buy high sell low. Time to PAMP UP ETH!  Ivan Tech is fucking hilarious! ;D

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 27, 2021, 06:42:49 PM
Can Ethereum put on the the big boy pants and go to 50K?! We'll see.  :P
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 27, 2021, 06:46:30 PM
Quote from: obsidian on January 27, 2021, 06:31:49 PM
Which wealthy? Old farts like Warren Buffet? He'll be dead in a few years and after that will have zero opinion. The future belongs to the younger generation that's alive now.

This is just more FUD! LMAO!

Its good to not be stuck in an echo chamber. I like hearing the differing opinions and Mayday seems to have a good grasp of how things are unfolding. Of course anything is possible but again, id rather err on the side of caution then throw that caution to the wind.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 27, 2021, 06:50:51 PM
Quote from: obsidian on January 27, 2021, 06:36:41 PM
Bitcoin and ETH appear to be trending up a little again. A lot of weak hands exposed lol! Bitboy Crypto flopped like a bitch. One day he says it is going to the moon and the next day it is crashing to the bottom. He totally exposed himself the past few days lol!

Yeah I unsubscribed after a few days . These guys basically say the same thing in every video. Its gonna exploade upwards but this isn't financial advice, it might also go down.

Its hilarious, he said were in a bull market, don't freak and then  this morning I guess the live chat and comments had him cracking under the pressure.  ::)

He bargs about his consecutive winning streak but didn't see this happen.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 27, 2021, 07:06:30 PM
Quote from: Bindare_Dundat on January 27, 2021, 06:46:30 PM
Its good to not be stuck in an echo chamber. I like hearing the differing opinions and Mayday seems to have a good grasp of how things are unfolding. Of course anything is possible but again, id rather err on the side of caution then throw that caution to the wind.
Nothing wrong with that. We need to be cautious. Look at what's happening with Gamestop right now lol!

https://techcrunch.com/2021/01/27/could-meme-stocks-like-gamestop-kill-bitcoins-rise/

Cryptocurrencies, more so than most other things, are only valuable because of a shared agreement that they are valuable. Their value is a product of digital handshakes over millions of transactions firming up that consensus. For bitcoin, the trust that it has worth has turned more valuable in the past several months; it’s been on a tear.

The (very bizarre) question is whether a new avenue of applying blind trust by brigading trashcan-level stocks and turning them into memes could threaten the appeal of cryptocurrencies for retail investors.

Over the past several days, we’ve seen stocks ranging from GameStop, Blockbuster and AMC make unjustifiable gains as a result of Reddit users in the r/WallStreetBets subreddit triggering a stampede toward stocks being heavily shorted by institutional investors. That in turn has led to a short squeeze troubling hedge funds, causing the price of a stock worth around $5 for the majority of 2020 to swell well above $300 today. In some ways it’s just an Occupy Wall Street protest being held on Robinhood; in other ways it’s a complete rejection of the hypothesis of efficient markets and a reinvention of institutional trust.

Bitcoin holds fundamental differences from publicly traded stocks, many of which might matter an awful lot to those betting on the coin as a currency of the future. But to retail investors who aren’t hardcore proponents, I’d imagine FOMO was one of the most intriguing pulls into the cryptocurrency space. But if Bitcoin’s purpose for the time being is merely a “store of value,” I think there’s a world where individual investors might be evolving their interests elsewhere.

Bitcoin and other cryptocurrencies haven’t seen notable price movement in recent days  — Bitcoin is down around 6% in the past 24 hours, a hiccup as far as crypto moves go — but after a few weeks hovering well above $30,000 and peeking above $40,000, the currency seems poised to dip below the $30,000 range soon unless its trend reverses course.

All that said, Bitcoin is certainly an entity of a different scale than all of these meme stocks bundled together with a market cap above $560 billion and a 24-hour trading volume of $56 billion. Bitcoin has seen stratospheric growth over the past few months so barring an outsized crash, it’s perhaps unlikely that retail investors are going to fully abandon it in favor of buying up crusty old shares of Blockbuster stock. That said …

It’s cheaper to trade these meme stocks and easier for retail investors to get leverage via options. In short, for investors looking to have a good time or shoot the moon, meme stocks are a more fun place to be than crypto is.

The main thing to consider is what happens if GameStop, for no reason at all, becomes a long-term store of value? When investors collectively begin placing blind trust in more financial assets for the long haul, does that devalue blind trust itself and the mammoth entities that had more of a monopoly on it? Most investors aren’t expecting this to happen, but stocks like Tesla are beginning to live comfortably at ridiculous premiums that analysts can’t understand. Tesla and GameStop are very different beasts, but if anything I think institutions have a better grasp of GameStop’s rise.

The foil to all of this is whether this pandemonium births some regulatory backlash, a possibility that of course does not exist in quite the same way for cryptocurrencies from a central governance standpoint. TD Ameritrade and Schwab are already limiting trades of some of these meme stocks today and I think there is certainly a universe in which the SEC aims to take a pot shot at this saga by means of promoting market sanity and I am much more confident that there’s a world where Reddit is pushed to at least temporarily ban r/WallStreetBets for some unclear reason.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 27, 2021, 07:09:56 PM
https://www.msn.com/en-us/sports/mlb/steve-cohen-tries-to-tell-mets-fans-that-gamestop-not-his-madoff-moment/ar-BB1d9Jkc
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 27, 2021, 07:15:01 PM
https://www.reuters.com/article/gamestop-regulator/explainer-why-regulators-may-scrutinize-gamestops-reddit-driven-retail-stock-surge-idUSL1N2K23NB
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 27, 2021, 07:23:12 PM
https://www.reddit.com/r/wallstreetbets/

(https://preview.redd.it/hbeuqo1m7yd61.jpg?width=640&crop=smart&auto=webp&s=51b90a13612c4c29e1bc6a8241aef0fe50a2d3b0)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 27, 2021, 07:26:15 PM
lol this is hilarious!

https://www.msn.com/en-us/money/topstocks/gamestop-short-sellers-melvin-capital-and-citron-surrender-bearish-bets-after-700-rally-drives-huge-losses/ar-BB1d8Vrx

After weeks of unrelenting gains for GameStop shares, Reddit traders seem to have beaten Wall Street.

Melvin Capital and Citron Research closed their short positions on GameStop stock after the company's massive rally formed an extraordinary short squeeze. The former ate a huge loss when it ended its bearish bet on Tuesday afternoon, CNBC reported.

The Citron managing partner Andrew Left said in a video on Wednesday that most of the firm's position was covered when GameStop traded at about $90 at "a loss of 100%." He added that he maintained a smaller position in the stock.

"We'll become more judicious when it comes to shorting stocks," Left said. "Doesn't mean the industry is dead, but it just means you have to be more specific."

GameStop shares have surged by more than 700% in January as a horde of retail investors bid up shares and cheered each other on in Reddit forums like WallStreetBets. The growing crowd of day traders identified Citron and Melvin Capital as their primary antagonists early in the rally, hoping to profit by forcing shorts to cover their bets.

While other Reddit-fueled rallies died off in a matter of days, GameStop's climb has gained momentum. The stock leaped on Tuesday after the billionaire investor Chamath Palihapitiya tweeted that he had bought call options on the stock with a February 19 expiration date.

Shares skyrocketed again when, minutes after markets closed on Tuesday, Tesla CEO Elon Musk tweeted "Gamestonk" and a link to the WallStreetBets forum.

Melvin Goodrum is filing for bankruptcy?!  ;D

(https://hg1.funnyjunk.com/pictures/Melvin+capital+to+file+for+bankruptcy_4191b5_8227889.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 27, 2021, 09:14:23 PM
https://ihodl.com/topnews/2021-01-27/reddit-teams-ethereum-foundation/%3famp=1

Reddit Teams Up with Ethereum Foundation

Reddit has entered into a partnership with the Ethereum Foundation to increase its commitment to blockchain, Reddit administrator u/jarins wrote in the Ethereum thread.

With the partnership, the social content aggregator wants to accelerate scaling and resources for the Ethereum ecosystem, and bring the value of blockchain technology "to millions of redditors."

“We are looking forward to working closely with the Ethereum Foundation, and contributing more to the broader Ethereum ecosystem — and we hope to share some exciting announcements over the next few months.”

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 27, 2021, 10:04:46 PM
Fuck Yellen and the Bank of England. Papa Satoshi and the Redditers (and Getbiggers, except for Mr Anabolic) gonna take care things and teach these old fuddy duddies a lesson. :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 27, 2021, 10:19:34 PM
Quote from: gib on January 27, 2021, 10:04:46 PM
Fuck Yellen and the Bank of England. Papa Satoshi and the Redditers (and Getbiggers, except for Mr Anabolic) gonna take care things and teach these old fuddy duddies a lesson. :)


Yellen could be Satoshit for all you know.  8)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 27, 2021, 10:29:10 PM
Quote from: Griffith on January 27, 2021, 09:14:23 PM
https://ihodl.com/topnews/2021-01-27/reddit-teams-ethereum-foundation/%3famp=1

Reddit Teams Up with Ethereum Foundation

Reddit has entered into a partnership with the Ethereum Foundation to increase its commitment to blockchain, Reddit administrator u/jarins wrote in the Ethereum thread.

With the partnership, the social content aggregator wants to accelerate scaling and resources for the Ethereum ecosystem, and bring the value of blockchain technology "to millions of redditors."

“We are looking forward to working closely with the Ethereum Foundation, and contributing more to the broader Ethereum ecosystem — and we hope to share some exciting announcements over the next few months.”


Reddit will be shut down in 18 months. Free speech and "free money" = huge bullseye.  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 28, 2021, 04:15:15 AM
Quote from: Griffith on January 27, 2021, 09:14:23 PM
https://ihodl.com/topnews/2021-01-27/reddit-teams-ethereum-foundation/%3famp=1

Reddit Teams Up with Ethereum Foundation

Reddit has entered into a partnership with the Ethereum Foundation to increase its commitment to blockchain, Reddit administrator u/jarins wrote in the Ethereum thread.

With the partnership, the social content aggregator wants to accelerate scaling and resources for the Ethereum ecosystem, and bring the value of blockchain technology "to millions of redditors."

“We are looking forward to working closely with the Ethereum Foundation, and contributing more to the broader Ethereum ecosystem — and we hope to share some exciting announcements over the next few months.”

Wow
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on January 28, 2021, 05:37:35 AM
Quote from: obsidian on January 27, 2021, 07:23:12 PM
https://www.reddit.com/r/wallstreetbets/

(https://preview.redd.it/hbeuqo1m7yd61.jpg?width=640&crop=smart&auto=webp&s=51b90a13612c4c29e1bc6a8241aef0fe50a2d3b0)

Bitch is nuts but she makes some good points once in a while
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 28, 2021, 08:03:08 AM
Quote from: El Diablo Blanco on January 28, 2021, 05:37:35 AM
Bitch is nuts but she makes some good points once in a while


She's just an empty vessel with a Twat Twitter handle.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 28, 2021, 12:37:55 PM
Wonder if the whole gamespot/robinhood debacle is causing this rise today?

People sick of seeing Wallstreet getting saved while the little guy gets killed.

Could be the catalyst that starts bringing more people into decentralized crypto?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 28, 2021, 01:07:01 PM
Quote from: Bindare_Dundat on January 28, 2021, 12:37:55 PM
Wonder if the whole gamespot/robinhood debacle is causing this rise today?

People sick of seeing Wallstreet getting saved while the little guy gets killed.

Could be the catalyst that starts bringing more people into decentralized crypto?



It's pretty obvious that a new level of economic central planning from the top down is coming. Rumors that White House cleared it... Sure feels like something China would do, doesn't it?

Most people will never know about Game Stop though. This kind of story just doesn't reach people just getting by.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 28, 2021, 01:11:45 PM
Quote from: SOMEPARTS on January 28, 2021, 01:07:01 PM


It's pretty obvious that a new level of economic central planning from the top down is coming. Rumors that White House cleared it... Sure feels like something China would do, doesn't it?

Most people will never know about Game Stop though. This kind of story just doesn't reach people just getting by.

I think it's way more popular than  we think, I hear people talking about this that never talk about either  gaming or stocks. At least the seed is planted even if they dont know how to get involved....yet.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 28, 2021, 01:19:19 PM
Quote from: Bindare_Dundat on January 28, 2021, 01:11:45 PM
I think it's way more popular than  we think, I hear people talking about this that never talk about either  gaming or stocks. At least the seed is planted even if they dont know how to get involved....yet.

The problem is this...you see what they are willing to do to protect a couple hedge funds. Imagine what they would do to protect their whole game.

It's a larger barrier than just adoption and increased market cap.

Fed Reserve could be holding a whale position in BTC, nobody knows. They have bought into almost every asset class in order to "stabilize" it....AKA assert control.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 28, 2021, 02:54:09 PM
Quote from: SOMEPARTS on January 28, 2021, 01:19:19 PM
The problem is this...you see what they are willing to do to protect a couple hedge funds. Imagine what they would do to protect their whole game.

It's a larger barrier than just adoption and increased market cap.

Fed Reserve could be holding a whale position in BTC, nobody knows. They have bought into almost every asset class in order to "stabilize" it....AKA assert control.

I really dont know enough to make a meaningful comment about the fed owning crypto. I'm just enjoying watching this unfold and making some money while I have to sit at home due to covid lockdown.

 ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 28, 2021, 07:09:20 PM
Quote from: SOMEPARTS on January 28, 2021, 01:19:19 PM
The problem is this...you see what they are willing to do to protect a couple hedge funds. Imagine what they would do to protect their whole game.

It's a larger barrier than just adoption and increased market cap.

Fed Reserve could be holding a whale position in BTC, nobody knows. They have bought into almost every asset class in order to "stabilize" it....AKA assert control.

You can be sure most major governments are quietly accumulating Bitcoin. Both nefarious ones, like North Korea and Russia, and other dictatorial regimes such as China, but also major world players such as China. Whether its their central banks doing it is another question. It could be via sovereign wealth funds, Government pension funds, or also more secretive arms associated with national security. But of course its happening.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 28, 2021, 09:23:57 PM
Quote from: Bindare_Dundat on January 28, 2021, 12:37:55 PM
Wonder if the whole gamespot/robinhood debacle is causing this rise today?

People sick of seeing Wallstreet getting saved while the little guy gets killed.

Could be the catalyst that starts bringing more people into decentralized crypto?

Nope, it isn’t doing anything out of the ordinary today.

It didn’t even make the resistance line before it got rejected. Nothing has changed but I wouldn’t be surprised if social media glass going bananas with theories that BTC was blowing upwards via Robinhood.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 28, 2021, 10:36:28 PM
Quote from: Mayday on January 28, 2021, 09:23:57 PM
Nope, it isn’t doing anything out of the ordinary today.

It didn’t even make the resistance line before it got rejected. Nothing has changed but I wouldn’t be surprised if social media glass going bananas with theories that BTC was blowing upwards via Robinhood.

Wouldn't say it was going bananas but there was some suggestions that it could draw more peoples interest into crypto.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 29, 2021, 01:45:18 AM
Holy shit I just watched that ramp live LOL

32.2k to 38k in minutes.

Shorts just got wrecked!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 29, 2021, 01:46:42 AM
Quote from: gib on January 27, 2021, 10:04:46 PM
Fuck Yellen and the Bank of England. Papa Satoshi and the Redditers (and Getbiggers, except for Mr Anabolic) gonna take care things and teach these old fuddy duddies a lesson. :)

... just as I predicted... :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 29, 2021, 01:47:53 AM
Quote from: gib on January 27, 2021, 08:16:56 AM
Not sure. Lets see if it establishes a support level at 30K. Some solid stability there may provide a good platform for the next climb.

Expect lots of volatility next 3-4 days. The calm before the storm...

And again, just as I predicted...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 29, 2021, 02:03:08 AM
Quote from: gib on January 29, 2021, 01:46:42 AM
... just as I predicted... :)

Don’t celebrate yet...... lol

This isn’t gamespot short positions they are playing with. These pumpers can’t even buy a full coin.....

I’ve seen 20% get wiped off in under 60 seconds before. Big holders can crush anybody they want. There have been several sledgehammers drop already.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 29, 2021, 02:09:50 AM
Quote from: Mayday on January 29, 2021, 01:45:18 AM
Holy shit I just watched that ramp live LOL

32.2k to 38k in minutes.

Shorts just got wrecked!

Saw that too. Brutal.
Heading back down.

I cant watch....lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 29, 2021, 02:21:29 AM
Quote from: Mayday on January 29, 2021, 02:03:08 AM
Don’t celebrate yet...... lol

This isn’t gamespot short positions they are playing with. These pumpers can’t even buy a full coin.....

I’ve seen 20% get wiped off in under 60 seconds before. Big holders can crush anybody they want. There have been several sledgehammers drop already.

Big holders are accumulating and long term Hodl. Why would they want to sell? But yes, I guess if there was a huge holder, and they sold their entire holding that would have an effect. To put into perspective, 100 Billion BTC trades per day, So even a USD 1,000,000,000 sale would amount to just 1% of a typical day's trading. So it would have to be one hell of a sale (and that assumes also assumes zero offset by an equally large buy orders that would equalize the price).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on January 29, 2021, 02:27:18 AM
Quote from: Bindare_Dundat on January 28, 2021, 12:37:55 PM
Wonder if the whole gamespot/robinhood debacle is causing this rise today?


this caused the rise today, worlds richest man decided to back bitcoin publicly, put it in his twitter bio, pumped immediately after.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on January 29, 2021, 02:38:28 AM
Quote from: gib on January 29, 2021, 01:47:53 AM
And again, just as I predicted...

get on my level  :D  ;)


Quote from: Army of One on January 21, 2021, 07:41:01 PM
Everyone wants it to go that low to buy in, which is exactly why it wont. Max lowest 26k, more likely 28-29k is the bottom.If TA worked all the time then every trader would be a billionaire, rather than 97% failing miserably, TA is useful when combined with FA and a general feel for the emotions of the market. Word of advice, if only 2 trading errors mean youd be much further ahead, that means your risk tolerance is way too high, and you will fail long term, dial it back.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 29, 2021, 02:42:24 AM
Quote from: Army of One on January 29, 2021, 02:27:18 AM
this caused the rise today, worlds richest man decided to back bitcoin publicly, put it in his twitter bio, pumped immediately after.

Damn, so Papa Musk is officially on board. Now watch all the Tesla fanboys follow suit.

Oh, and I wonder how Papa Anabolic is doing these days...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 29, 2021, 02:49:27 AM
This is the new generation led by Musk and Reddit giving the massive middle finger to the corrupt Janet Yellen and all those who benefit from her theft.

I have said it many times before. Acquire some Bitcoin whilst you still can. Put some away, out of reach and temptation to trade. In a decade from now, your BTC ownership could MASSIVELY set you aside in terms of wealth from the zero-coiners. It may be the single most important life determining decisions you make.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 29, 2021, 02:51:33 AM
Quote from: gib on January 29, 2021, 02:49:27 AM
This is the new generation led by Musk and Reddit giving the massive middle finger to the corrupt Janet Yellen and all those who benefit from her theft.

I have said it many times before. Acquire some Bitcoin whilst you still can. Put some away, out of reach and temptation to trade. In a decade from now, your BTC ownership could MASSIVELY set you aside in terms of wealth from the zero-coiners. It may be the single most important life determining decisions you make.

This has been an epic few days. just insane.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on January 29, 2021, 02:59:31 AM
Quote from: gib on January 29, 2021, 02:49:27 AM
This is the new generation led by Musk and Reddit giving the massive middle finger to the corrupt Janet Yellen and all those who benefit from her theft.

I have said it many times before. Acquire some Bitcoin whilst you still can. Put some away, out of reach and temptation to trade. In a decade from now, your BTC ownership could MASSIVELY set you aside in terms of wealth from the zero-coiners. It may be the single most important life determining decisions you make.

^^This
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 29, 2021, 03:06:16 AM
Quote from: gib on January 29, 2021, 02:21:29 AM
Big holders are accumulating and long term Hodl. Why would they want to sell? But yes, I guess if there was a huge holder, and they sold their entire holding that would have an effect. To put into perspective, 100 Billion BTC trades per day, So even a USD 1,000,000,000 sale would amount to just 1% of a typical day's trading. So it would have to be one hell of a sale (and that assumes also assumes zero offset by an equally large buy orders that would equalize the price).

Huh?

You are saying the charts are fake?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 29, 2021, 03:52:56 AM
Which charts? ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on January 29, 2021, 04:15:08 AM
Quote from: gib on January 29, 2021, 02:42:24 AM


Oh, and I wonder how Papa Anabolic is doing these days...

He is fine, uses his other handle these  days "SOMEPARTS"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on January 29, 2021, 05:07:15 AM
Ex-Goldman Sachs CEO Issues Serious Bitcoin Warning

Bitcoin has exploded into 2021, demanding the attention of Wall Street and regulators alike.

The bitcoin price broke fresh ground for the first time in three years last month, roaring to over $40,000 per bitcoin before falling back slightly (even as smaller cryptocurrencies continue to climb).

Now, as the bitcoin price struggles to hold above $30,000 per bitcoin, former Goldman Sachs chief executive Lloyd Blankfein has warned that regulators could move against bitcoin if it continues to grow.

"If I were a regulator ... I would be kind of hyperventilating at the success of [bitcoin] at the moment and I'd be arming myself to deal with it," Blankfein told CNBC this week, warning against bitcoin as either a medium of exchange or as a store of value due to bitcoin's semi-anonymous nature and its wild price swings.

"You don't know whether or not you're paying the North Koreans or Al Qaeda or the Revolutionary Guard," Blankfein said, adding bitcoin's regular 10% daily moves make "the store of value element a little bit tough."

Bitcoin soared to highs of $42,000 earlier this month but dropped under $30,000 yesterday amid fears the bitcoin bubble could be about to burst.

Blankfein also echoed concerns raised earlier this month by new U.S. Treasury secretary and former chair of the Federal Reserve Janet Yellen, who warned illicit bitcoin and cryptocurrency use is "a particular concern."

"I think many [cryptocurrencies] are used, at least in transactions sense, mainly for illicit financing and I think we really need to examine ways in which we can curtail their use and make sure that anti-money laundering doesn’t occur through those channels," Yellen told the Senate Finance Committee.

Many in the bitcoin and cryptocurrency community hit back at Yellen's claims, arguing illicit transactions make up only a tiny percentage of bitcoin and cryptocurrency use.

However, as bitcoin and crypto popularity grows, regulators may find themselves under pressure to act, according to Blankfein.

“At the end of the day, if [bitcoin] ever got big enough to be substantial and a real medium of exchange, how could the regulators, so focused as they are on anti-money laundering" not step in. "Do we want that to work out well over the long term," Blankfein asked.Despite his warnings, Blankfein does see a route to success for bitcoin, but thinks it will mean trade-offs will have to be made.

"[Bitcoin] could be workable but [regulations] will undermine the freedom and liberty and kind of lack of transparency that people like about it in the first place so that’s the conundrum that bitcoin will have to deal itself out," he said.

Bitcoin's strong start to the year means institutional investors are increasingly looking at cryptocurrencies, suggesting we're likely to hear more about bitcoin from Wall Street and regulators in coming months.

"We entered a new bull market when bitcoin punched through the $20,000 high seen in 2017, sending a signal that institutional investors and big hedge funds are willing to wager that crypto is a real asset," Kay Van Petersen, global macro strategist at Saxo Bank, said in emailed comments.

"It’s still early days for crypto, with the only certainty being volatility and plenty of divergent views on the space, as well as the overhang of regulatory risk."



https://www.forbes.com/sites/billybambrough/2021/01/28/ex-goldman-sachs-ceo-issues-stark-bitcoin-warning-as-price-suddenly-dips-under-30000/?sh=22adae00b5af
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 29, 2021, 05:32:06 AM
Quote from: DooM_ on January 29, 2021, 05:07:15 AM
Ex-Goldman Sachs CEO Issues Serious Bitcoin Warning

Bitcoin has exploded into 2021, demanding the attention of Wall Street and regulators alike.

The bitcoin price broke fresh ground for the first time in three years last month, roaring to over $40,000 per bitcoin before falling back slightly (even as smaller cryptocurrencies continue to climb).

Now, as the bitcoin price struggles to hold above $30,000 per bitcoin, former Goldman Sachs chief executive Lloyd Blankfein has warned that regulators could move against bitcoin if it continues to grow.

"If I were a regulator ... I would be kind of hyperventilating at the success of [bitcoin] at the moment and I'd be arming myself to deal with it," Blankfein told CNBC this week, warning against bitcoin as either a medium of exchange or as a store of value due to bitcoin's semi-anonymous nature and its wild price swings.

"You don't know whether or not you're paying the North Koreans or Al Qaeda or the Revolutionary Guard," Blankfein said, adding bitcoin's regular 10% daily moves make "the store of value element a little bit tough."

Bitcoin soared to highs of $42,000 earlier this month but dropped under $30,000 yesterday amid fears the bitcoin bubble could be about to burst.

Blankfein also echoed concerns raised earlier this month by new U.S. Treasury secretary and former chair of the Federal Reserve Janet Yellen, who warned illicit bitcoin and cryptocurrency use is "a particular concern."

"I think many [cryptocurrencies] are used, at least in transactions sense, mainly for illicit financing and I think we really need to examine ways in which we can curtail their use and make sure that anti-money laundering doesn’t occur through those channels," Yellen told the Senate Finance Committee.

Many in the bitcoin and cryptocurrency community hit back at Yellen's claims, arguing illicit transactions make up only a tiny percentage of bitcoin and cryptocurrency use.

However, as bitcoin and crypto popularity grows, regulators may find themselves under pressure to act, according to Blankfein.

“At the end of the day, if [bitcoin] ever got big enough to be substantial and a real medium of exchange, how could the regulators, so focused as they are on anti-money laundering" not step in. "Do we want that to work out well over the long term," Blankfein asked.Despite his warnings, Blankfein does see a route to success for bitcoin, but thinks it will mean trade-offs will have to be made.

"[Bitcoin] could be workable but [regulations] will undermine the freedom and liberty and kind of lack of transparency that people like about it in the first place so that’s the conundrum that bitcoin will have to deal itself out," he said.

Bitcoin's strong start to the year means institutional investors are increasingly looking at cryptocurrencies, suggesting we're likely to hear more about bitcoin from Wall Street and regulators in coming months.

"We entered a new bull market when bitcoin punched through the $20,000 high seen in 2017, sending a signal that institutional investors and big hedge funds are willing to wager that crypto is a real asset," Kay Van Petersen, global macro strategist at Saxo Bank, said in emailed comments.

"It’s still early days for crypto, with the only certainty being volatility and plenty of divergent views on the space, as well as the overhang of regulatory risk."



https://www.forbes.com/sites/billybambrough/2021/01/28/ex-goldman-sachs-ceo-issues-stark-bitcoin-warning-as-price-suddenly-dips-under-30000/?sh=22adae00b5af

Little worm
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on January 29, 2021, 05:41:00 AM
Quote from: Bindare_Dundat on January 29, 2021, 05:32:06 AM
Little worm

it gives good insight into what these elites are thinking . . . the big banks and investment firms will be lobbying hard with yellen and others from the same circle of friends to  '' do something '' if anything starts to challenge them . . .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on January 29, 2021, 06:13:43 AM
and it begins . . .

‘Suspect confesses to aiding ISIS via bitcoin’

Counter Terrorism Department (CTD) DIG Omar Shahid Hamid has written a letter to the Sindh IGP, informing him that a man, identified as Omar Shahid Hamid, arrested on charges of terror financing had confessed to transferring funds to four women in Syria through bitcoin to facilitate Islamic State of Iraq and the Levant (ISIS), it emerged on Thursday.

According to the letter, the four women receiving funds in Syria belong to Lahore and are working for ISIS.

The DIG has stated in the letter that a man based in the United Kingdom (UK) is also a part of the terror financing network and has been transferring bitcoin currency to the women.

The DIG has apprised the IGP of the need for seeking mutual legal assistance are corresponding with the governments of Syria and the UK, so that the matter can be further investigated.

Published in The Express Tribune, January 29th, 2021.

https://tribune.com.pk/story/2281773/suspect-confesses-to-aiding-isis-via-bitcoin
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on January 29, 2021, 06:27:02 AM
$ 37,924.87
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 29, 2021, 06:37:41 AM
Quote from: Theoak* on January 29, 2021, 04:15:08 AM
He is fine, uses his other handle these  days "SOMEPARTS"


Nope. Feel free to contact Chaos or any mod to confirm.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 29, 2021, 06:45:42 AM
Quote from: gib on January 29, 2021, 02:49:27 AM
This is the new generation led by Musk and Reddit giving the massive middle finger to the corrupt Janet Yellen and all those who benefit from her theft.

I have said it many times before. Acquire some Bitcoin whilst you still can. Put some away, out of reach and temptation to trade. In a decade from now, your BTC ownership could MASSIVELY set you aside in terms of wealth from the zero-coiners. It may be the single most important life determining decisions you make.



This is all very interesting. One can hope.

But...the potential for ruin is huge if they crack down. Not even Musk can compete with the "vampire squids" like Goldman Sachs.

I wonder what percentage of people on Reddit and Robbing Hood thought it was fine to de-platform free speech last month?  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on January 29, 2021, 06:57:22 AM
Any client who asks their adviser about buying Bitcoin should be asked, in return, how they would feel about funding ISIS. Indeed, academics from Macquarie University identified Daesh as a user of Bitcoin, with strong evidence of links to a number of terror attacks in Europe and Indonesia.

https://www.moneymarketing.co.uk/opinion/martin-bamford-the-emperors-new-currency/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 29, 2021, 07:07:17 AM
Quote from: DooM_ on January 29, 2021, 06:57:22 AM
Any client who asks their adviser about buying Bitcoin should be asked, in return, how they would feel about funding ISIS. Indeed, academics from Macquarie University identified Daesh as a user of Bitcoin, with strong evidence of links to a number of terror attacks in Europe and Indonesia.

https://www.moneymarketing.co.uk/opinion/martin-bamford-the-emperors-new-currency/

How do you feel about that quote DooM? (I presume you can see the idiocy of it?)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on January 29, 2021, 07:59:43 AM
Quote from: gib on January 29, 2021, 07:07:17 AM
How do you feel about that quote DooM? (I presume you can see the idiocy of it?)

i think it's moronic . . . '' if you support cryptocurrencies you support terrorism '' lmao , but it could be a narrative they start using against cryptos . . .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 29, 2021, 08:22:35 AM
Quote from: DooM_ on January 29, 2021, 07:59:43 AM
i think it's moronic . . . '' if you support cryptocurrencies you support terrorism '' lmao , but it could be a narrative they start using against cryptos . . .


Economic terrorism is what they will call it....they are doing everything possible to push "domestic terrorism" as an issue.

See how this is going under Biden in just 2 weeks? Open corruption and centralization of power and money....and the internet is their attack dog.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bodibadi on January 29, 2021, 10:23:57 AM
Tell me, did someone change Lightcoin on exchanger? I want buy litecoin with credit card here (https://btcbit.net/buy-litecoin-ltc-with-credit-card). you used them?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on January 29, 2021, 12:12:17 PM
What are terrorists going to buy with Bitcoin? ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: sync pulse on January 29, 2021, 12:16:09 PM
terrorist accoutrements...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 29, 2021, 12:38:28 PM
Quote from: Bodibadi on January 29, 2021, 10:23:57 AM
Tell me, did someone change Lightcoin on exchanger? I want buy litecoin with credit card here (https://btcbit.net/buy-litecoin-ltc-with-credit-card). you used them?

Stay away from that shit coin
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 29, 2021, 12:40:44 PM
Quote from: gib on January 29, 2021, 03:52:56 AM
Which charts? ???

Exactly the point.

If you watched the trading charts you wouldn’t have made that post. People trade Bitcoin, not everybody sits on them. Even your best Bitcoin idols have trading positions..... I have watched 20% wiped off in under 60 seconds and seen it recover minutes later. Long squeeze followed by short squeeze. That wasnt done by people holding 50 coins......

There is a massive disconnect between ‘to the moon’ people and behaviour in the market right now. I said it before, everyone is so scared of missing the ramp they are not looking at the downside risk. Last night is a prime example.

We just saw Elon Musk stir people into a frenzy. Popular people retweeted stirring even more people. Social media going balls out ‘to the moon’. We witnessed another GME moment.Insane buying power reversing a bear trend, breaking several resistance lines, crushing shorts in seconds.......BUT..... if you were watching the ticker live you would see some sledgehammers laying utter waste to the buying army.

In 1 tick they were wiping -2% off the price completely absorbing order book depth and those were raining down on the buying army at 37k-38k like machine gun fire. Blink and you would miss them. They would have been happening so fast the ticker would have only captured a handful and I’d wager almost no one saw them because they were so preoccupied with this being a ‘to the moon’ run.

.
Now look.......the smoke has cleared and It’s skirting 34.2k which was yesterday’s resistance line and now the last line of support before it wipes off all gains and heads back into the 31k-33k range where it all started. Make no mistake the large sellers all short at the same time they sell and they buy the dips which increases their net position. They gain ground which makes it all the more intriguing.


This should be an eye opener for Bitcoin fanatics. Large holders (your so called brothers in arms) just prevented what was the biggest hype spike buying run in bitcoin’s history from going anywhere.....that fucker had enough steam to moon the bastard, no joke. We would have hit 55k in a day no sweat if it was allowed to.

Let’s be real here, Rhetorical question is why and who would stop such a thing?

My takeaway from this is we just saw BTC get nuked.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on January 29, 2021, 01:18:39 PM
Quote from: Humble Narcissist on January 29, 2021, 12:12:17 PM
What are terrorists going to buy with Bitcoin? ???

steroids and that's about it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on January 29, 2021, 01:24:57 PM
Quote from: DooM_ on January 29, 2021, 07:59:43 AM
i think it's moronic . . . '' if you support cryptocurrencies you support terrorism '' lmao , but it could be a narrative they start using against cryptos . . .

X2. If you have money in a bank and are a criminal that means the banks support criminals.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 29, 2021, 02:17:24 PM
Quote from: Mayday on January 29, 2021, 12:40:44 PM
Exactly the point.

If you watched the trading charts you wouldn’t have made that post. People trade Bitcoin, not everybody sits on them. Even your best Bitcoin idols have trading positions..... I have watched 20% wiped off in under 60 seconds and seen it recover minutes later. Long squeeze followed by short squeeze. That wasnt done by people holding 50 coins......

There is a massive disconnect between ‘to the moon’ people and behaviour in the market right now. I said it before, everyone is so scared of missing the ramp they are not looking at the downside risk. Last night is a prime example.

We just saw Elon Musk stir people into a frenzy. Popular people retweeted stirring even more people. Social media going balls out ‘to the moon’. We witnessed another GME moment.Insane buying power reversing a bear trend, breaking several resistance lines, crushing shorts in seconds.......BUT..... if you were watching the ticker live you would see some sledgehammers laying utter waste to the buying army.

In 1 tick they were wiping -2% off the price completely absorbing order book depth and those were raining down on the buying army at 37k-38k like machine gun fire. Blink and you would miss them. They would have been happening so fast the ticker would have only captured a handful and I’d wager almost no one saw them because they were so preoccupied with this being a ‘to the moon’ run.

.
Now look.......the smoke has cleared and It’s skirting 34.2k which was yesterday’s resistance line and now the last line of support before it wipes off all gains and heads back into the 31k-33k range where it all started. Make no mistake the large sellers all short at the same time they sell and they buy the dips which increases their net position. They gain ground which makes it all the more intriguing.


This should be an eye opener for Bitcoin fanatics. Large holders (your so called brothers in arms) just prevented what was the biggest hype spike buying run in bitcoin’s history from going anywhere.....that fucker had enough steam to moon the bastard, no joke. We would have hit 55k in a day no sweat if it was allowed to.

Let’s be real here, Rhetorical question is why and who would stop such a thing?

My takeaway from this is we just saw BTC get nuked.

If that's the case, why would anyone even entertain buying this? should we be bailing?

I know I"ve said it before but thanks,  your input is eye opening to things the rest of us might have missed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 29, 2021, 02:27:09 PM
Quote from: DooM_ on January 29, 2021, 06:57:22 AM
Any client who asks their adviser about buying Bitcoin should be asked, in return, how they would feel about funding ISIS. Indeed, academics from Macquarie University identified Daesh as a user of Bitcoin, with strong evidence of links to a number of terror attacks in Europe and Indonesia.

https://www.moneymarketing.co.uk/opinion/martin-bamford-the-emperors-new-currency/
ISIS has been funded by billions of dollars. This is all bullshit. The US dollar is being used for illegal activities everywhere and has been for more than a century. The amount of illegal transactions in FIAT USD is more than the market cap of Bitcoin!

https://www.foxbusiness.com/money/isis-funding-billion-dollar-extremist-group
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 29, 2021, 03:45:55 PM
Quote from: Bindare_Dundat on January 29, 2021, 02:17:24 PM
If that's the case, why would anyone even entertain buying this? should we be bailing?

I know I"ve said it before but thanks,  your input is eye opening to things the rest of us might have missed.

Well it’s at 34.1k with 15mins to print a close for the day. It is less than a 1% drop away from being in the previous range which was a pullback trend into the 20s just like I said.

I didn’t buy into it last night. I wasn’t going to do anything until I saw it break 40k resistance. A massive number jumped in and got wrecked. Brutal slaying of peasants. Not a peep from Twitter now after people went full retard to the moon and now look.....carnage.

In other words, it didn’t change a thing. It’ll end up right back where it was before this all happened and on it’s way down to 21k. Having said that, people have pissed off enough banks right now so I’d suggest the odds of a massive takedown to 11k-14k just got a lot higher......


The reason Elon changed his tag was as a reaction to the market manipulation of the latest GME and others. He wanted a run on BTC but I’d say he wasn’t aware he started a death March.

The eye opener wasn’t the ability to create a bullrun in minutes. It was to see a bullrun that by all account should have succeeded, get nuked in seconds. Insane. Brutal. Heinous. You need to respect whoever did that is in control of the market.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 29, 2021, 04:13:57 PM
Quote from: Mayday on January 29, 2021, 03:45:55 PM
Well it’s at 34.1k with 15mins to print a close for the day. It is less than a 1% drop away from being in the previous range which was a pullback trend into the 20s just like I said.

I didn’t buy into it last night. I wasn’t going to do anything until I saw it break 40k resistance. A massive number jumped in and got wrecked. Brutal slaying of peasants. Not a peep from Twitter now after people went full retard to the moon and now look.....carnage.

In other words, it didn’t change a thing. It’ll end up right back where it was before this all happened and on it’s way down to 21k. Having said that, people have pissed off enough banks right now so I’d suggest the odds of a massive takedown to 11k-14k just got a lot higher......


The reason Elon changed his tag was as a reaction to the market manipulation of the latest GME and others. He wanted a run on BTC but I’d say he wasn’t aware he started a death March.

The eye opener wasn’t the ability to create a bullrun in minutes. It was to see a bullrun that by all account should have succeeded, get nuked in seconds. Insane. Brutal. Heinous. You need to respect whoever did that is in control of the market.

Do you think we will still see your earlier call of new highs eventually or did this change things? Should we just cut our loses and get out while we can still save something or wait? I'm sticking around for the long run for now but I'd like to hear your opinion and take into consideration. You clearly know what yoire talking about

Do you mind youn receive a pm with a couple of questions?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 29, 2021, 04:34:26 PM
Range in play is 34.2k -35.5k or 36k.

Downward trend pressure applies meaning the odds are much higher for a break down than a break up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 29, 2021, 04:40:56 PM
Quote from: DooM_ on January 29, 2021, 05:41:00 AM
it gives good insight into what these elites are thinking . . . the big banks and investment firms will be lobbying hard with yellen and others from the same circle of friends to  '' do something '' if anything starts to challenge them . . .

Big firms and elites want to make money and preserve power. When they realize they can no longer "beat em" they will quickly "join em" and try to control and dominate. This is what will happen with Bitcoin. Slowly but surely elites will acquire, and before many realize it, their hopes of ever realistically becoming a one-coiner will be gone for ever...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 29, 2021, 04:56:00 PM
Quote from: Mayday on January 29, 2021, 04:34:26 PM
Range in play is 34.2k -35.5k or 36k.

Downward trend pressure applies meaning the odds are much higher for a break down than a break up.

I have one single coin I trade with for fun on exchange, (other 50 all in cold storage to deliberately avoid the temptation to trade and attempt to pick trends).

I sold that coin yesterday at 37400, and now have a rebuy order in at 31,000. I am long term hodler, but its always fun to try making small gains. That coin I grew with various trades over the last few months to around 1.35 BTC now (and also purchased 2 eth along the way from gains, which I last night sold at 1400, with rebuy order in at 1200). So just grinding away and having a little fun with in and out trades. :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 29, 2021, 05:41:33 PM
Quote from: Mayday on January 29, 2021, 03:45:55 PM


The eye opener wasn’t the ability to create a bullrun in minutes. It was to see a bullrun that by all account should have succeeded, get nuked in seconds. Insane. Brutal. Heinous. You need to respect whoever did that is in control of the market.


Which is why I noted the Fed likely holds a whale position. They have a trading desk in the basement - same thing they use to monkeyhammer metals. They make $$$ out of thin air, why wouldn't they?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 29, 2021, 06:11:21 PM
Quote from: gib on January 29, 2021, 04:40:56 PM
Big firms and elites want to make money and preserve power. When they realize they can no longer "beat em" they will quickly "join em" and try to control and dominate. This is what will happen with Bitcoin. Slowly but surely elites will acquire, and before many realize it, their hopes of ever realistically becoming a one-coiner will be gone for ever...

The answer can’t always be ‘to the moon’.

Don’t forget, Even you capitulated in 2018 when it all crashed and you sold..... a hooker with a heart of gold you ain’t ;)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 29, 2021, 06:54:46 PM
Quote from: SOMEPARTS on January 29, 2021, 05:41:33 PM

Which is why I noted the Fed likely holds a whale position. They have a trading desk in the basement - same thing they use to monkeyhammer metals. They make $$$ out of thin air, why wouldn't they?

I feel There will be some level of truth to your statement.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 29, 2021, 07:58:56 PM
Quote from: Mayday on January 29, 2021, 06:54:46 PM
I feel There will be some level of truth to your statement.

How will there be some level of truth to his statement? How will we ever find that out?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 29, 2021, 08:42:15 PM
Quote from: Bindare_Dundat on January 29, 2021, 07:58:56 PM
How will there be some level of truth to his statement? How will we ever find that out?

His comment is more towards the term ‘the powers that be’. Unidentified but enough power to determine fate and display total control.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 29, 2021, 09:02:43 PM
Quote from: Mayday on January 29, 2021, 08:42:15 PM
His comment is more towards the term ‘the powers that be’. Unidentified but enough power to determine fate and display total control.


Correct. Could be by proxy...Goldman, etc. The kind of money we are talking here...at the least they are always looking for something to buy that has a return or an angle.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 30, 2021, 08:21:33 AM
https://en.ethereumworldnews.com/eth-and-ethereum-based-stablecoins-settled-over-1-6t-in-2020/

ETH and Ethereum Based Stablecoins Settled Over $1.6T in 2020

ETH, together with stablecoins running on the Ethereum network settled over $1.6 Trillion in transactions last year.[/b] This is according to a report by the team at Consensys who also pointed out that the majority of the stablecoin transactions on Ethereum were carried out via Tether (USDT), USD Coin (USDC) and DAI.

The three largest stablecoins, USDT, USDC, and DAI have seen such a rise in use in 2020 that they are now responsible for more trade volume on Ethereum than the asset that pays for computation — ether (ETH) — itself.

The annual transaction volume for ETH this year was $385 billion, but Tether’s USDT token settled $580 billion on Ethereum, Circle’s USDC stablecoin settled $239 billion on Ethereum, and MakerDAO’s DAI stablecoin settled $98 billion. All told, nearly $1.6 trillion USD in stablecoins and ETH transacted on Ethereum in 2020.

Additionally, some savvy individuals are using stablecoins to hedge against local currencies losing value. The report gives an example of individuals in Brazil using USD pegged stablecoins as an alternative to their local Brazilian real.

In terms of regulation, the team at Consensys highlighted that the rise of stablecoins has led several governments to consider ways of drafting laws that allow their existence in an acceptable environment. The same governments, through their respective Central Banks, are also exploring ways of issuing their very own digital currencies on the various smart contract platforms.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 30, 2021, 05:12:31 PM
https://www.reuters.com/article/us-crypto-currency-china-mining-idUSKBN29R1AY

Global chip shortage hits China's bitcoin mining sector

SHANGHAI/HONG KONG (Reuters) - A global chip shortage is choking the production of machines used to “mine” bitcoin, a sector dominated by China, sending prices of the computer equipment soaring as a surge in the cryptocurrency drives demand.

The global chip shortage is disrupting production across a global array of products, including automobiles, laptops and mobile phones





A freind of mine works for Ford and has been told to sit at home for weeks as a result of this. Some employees were told this may delay returning to work full time for months 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on January 31, 2021, 12:40:11 AM
Quote from: gib on January 29, 2021, 04:56:00 PM
I have one single coin I trade with for fun on exchange, (other 50 all in cold storage to deliberately avoid the temptation to trade and attempt to pick trends).

I sold that coin yesterday at 37400, and now have a rebuy order in at 31,000. I am long term hodler, but its always fun to try making small gains. That coin I grew with various trades over the last few months to around 1.35 BTC now (and also purchased 2 eth along the way from gains, which I last night sold at 1400, with rebuy order in at 1200). So just grinding away and having a little fun with in and out trades. :)

What is a "rebuy order"?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 31, 2021, 06:09:01 AM
Quote from: pellius on January 31, 2021, 12:40:11 AM
What is a "rebuy order"?


He has his account automatically set to buy a certain amount back at 31k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on January 31, 2021, 06:21:18 AM
XRP is exploding in value
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 31, 2021, 07:07:51 AM
Quote from: FitnessFrenzy on January 31, 2021, 06:21:18 AM
XRP is exploding in value

Another pump and dump?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on January 31, 2021, 10:32:34 AM
tomorrow . . .

India plans to introduce law to ban Bitcoin, other private cryptocurrencies

India plans to introduce a law to ban private cryptocurrencies such as bitcoin in the country and provide a framework for the creation of an official digital currency during the current budget session of parliament.

In the agenda (PDF) published on the lower house website, the legislation seeks to “prohibit all private cryptocurrencies in India,” but allow “for certain exceptions to promote the underlying technology [blockchain] of cryptocurrency and its uses.”

The law also seeks to “create a facilitative framework for creation of the official digital currency” that will be issued by the nation’s central bank, Reserve Bank of India, the agenda said.

In 2018, an Indian government panel recommended banning all private cryptocurrencies and proposed up to 10 years of jail time for offenders. The panel also suggested the government to explore a digital version of the fiat currency and ways to implement it.

At the time, RBI said the move was necessary to curb “ring-fencing” of the country’s financial system. It had also argued that Bitcoin and other cryptocurrencies cannot be treated as currencies as they are not made of metal or exist in physical form, nor were they stamped by the government. The 2018 notice from the central bank sent a panic to several local startups and companies offering services to trade in cryptocurrency. Nearly all of them have either since closed shop, or pivoted to serve other markets.

This proposal was challenged by several exchanges and traders, who filed a lawsuit in the Supreme Court. The nation’s apex court ruled in their favor last year. This ruling was seen as “historic” but it did not impact the earlier circular on the policy level.

“Since the government is considering introducing the bill during this session of Parliament, we are sure the government will definitely listen to all the stakeholders before taking any decision,” said Sumit Gupta, co-founder and chief executive of CoinDCX,a cryptocurrency exchange in India.

“We are talking to other stakeholders and will definitely initiate deeper dialogue with the government and showcase how we can actually create a healthy ecosystem in unison,” he said.


https://techcrunch.com/2021/01/30/india-plans-to-introduce-law-to-ban-bitcoin-other-private-cryptocurrencies/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on January 31, 2021, 10:45:59 AM
Like Indians have money anyway. ::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 31, 2021, 10:59:06 AM
Quote from: Humble Narcissist on January 31, 2021, 10:45:59 AM
Like Indians have money anyway. ::)


Yeah, who needs 2 billion people. Seems very bullish for crypto.  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 31, 2021, 11:32:43 AM
Quote from: Griffith on January 31, 2021, 07:07:51 AM
Another pump and dump?

yes
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 31, 2021, 05:49:17 PM
Quote from: SOMEPARTS on January 29, 2021, 05:41:33 PM

Which is why I noted the Fed likely holds a whale position.


Actual bitcoin miners?
Could they be responsible?

Graph is F2 mining pool coin sales.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Soul Crusher on January 31, 2021, 05:59:31 PM
I have a bunch silver bullion.   Hope this is real.  Come home to momma !   ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on January 31, 2021, 06:39:35 PM
Quote from: DooM_ on January 31, 2021, 10:32:34 AM
tomorrow . . .

India plans to introduce law to ban Bitcoin, other private cryptocurrencies

That's HUGE!

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 31, 2021, 08:01:46 PM
Quote from: OneMoreRep on January 31, 2021, 06:39:35 PM
That's HUGE!

"1"

Good luck. Supreme Court already lifted one ban.  If people want it  they will find a way

Also that move would send them into the stone age.  They'd be the only country in that region to ban it. Their neighbor Pakistan is diving into crypto. There's no way india is going to let them pull forward while they lag behind. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 31, 2021, 09:14:46 PM
Quote from: Soul Crusher on January 31, 2021, 05:59:31 PM
I have a bunch silver bullion.   Hope this is real.  Come home to momma !   ;D

Yes, there could well be a MASSIVE silver squeeze building. Great news for those who have PHYSICAL silver. We might even also see some silver ETFs collapse as people move demand to physical.

So, physical silver and silver miners is the way to go to play this.

Mr Anabolic was a silver bug, For once in his life, he may actually be right about a recommendation!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 31, 2021, 09:17:13 PM
Quote from: SOMEPARTS on January 31, 2021, 06:09:01 AM

He has his account automatically set to buy a certain amount back at 31k.

Correct, so I sell at 37K for example, and then immediately put in a buyer order (eg at 31K). Great way to make money on a volatile asset. Again, I only do this with one coin for fun, grinding away at little gains. Long term by BTCs are all in cold storage.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 31, 2021, 09:21:45 PM
Quote from: Mayday on January 29, 2021, 06:11:21 PM
The answer can’t always be ‘to the moon’.

Don’t forget, Even you capitulated in 2018 when it all crashed and you sold..... a hooker with a heart of gold you ain’t ;)

Lol, yes true.

In 2018, yes I did sell off (on the way down after the 20K correction). This time I am more sure and certain about hodling very long term (as in 10 years), and I have put my coins out of reach to some extent to protect myself from myself. :) Still, if the price rapidly shot up (eg lets say it went to 100K in a month from now) that kind of movement would make me consider selling a little. So I guess the faster and higher any movement up the more inclined I would be to break my hodl. :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on January 31, 2021, 11:17:40 PM
Anyone wanna comment on the news that it was an F2 mining pool that dumped a ton of coins and shorted that caused the massive downward pressure a few days ago  effecting the price. Does that make sense?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 31, 2021, 11:28:08 PM
Could be. Miners only have a small amount (and shrinking) of total supply. So even a "dump" from a miner should have any long term impact. Many miners sell on a regular basis. A few accumulate and then sell in larger volume.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 31, 2021, 11:47:35 PM
Quote from: Bindare_Dundat on January 31, 2021, 11:17:40 PM
Anyone wanna comment on the news that it was an F2 mining pool that dumped a ton of coins and shorted that caused the massive downward pressure a few days ago  effecting the price. Does that make sense?

The Elon effect took place in under 1hr before it started getting belted.

Out of all the people with vested interests in BTC, would you believe it was miners who were in guard duty watching like a hawk and immediately crushed the price?

Miners who don’t hold short positions.

Miners who hold coins and want the value to go up.

Miners who saw Elon’s impact and thought ‘fuck me I better stop this price from flying up’.......

Ummm definitely not miners. They can’t whack sell orders so hard it wipes 2% off the price and consumes the order book.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 31, 2021, 11:50:22 PM
Quote from: OneMoreRep on January 31, 2021, 06:39:35 PM
That's HUGE!

"1"

Elon Musk adds #bitcoin to his profile and causes a 20% price run in under 1hr.

Media announces India is looking to ban crypto and the price doesn’t budge.

#perspective ;)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 01, 2021, 12:21:40 AM
Quote from: Mayday on January 31, 2021, 11:50:22 PM
Elon Musk adds #bitcoin to his profile and causes a 20% price run in under 1hr.

Media announces India is looking to ban crypto and the price doesn’t budge.

#perspective ;)

I think most people get it that you cannot "ban" an algorithm combined with a person's free thought. What you can try to do is ban it as an official currency. But even then, it becomes traded as a commodity. Further, India knows it is essential for it to embrace BTC if it wishes to continue its rise as a tech leader. Indian's have a strong cultural affinity with gold. For the new generation, they will gravitate to Bitcoin, especially when the see exampled of gold being stolen or confiscated or not able to take from India to overseas.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 01, 2021, 01:14:11 AM
Quote from: Mayday on January 31, 2021, 11:47:35 PM
The Elon effect took place in under 1hr before it started getting belted.

Out of all the people with vested interests in BTC, would you believe it was miners who were in guard duty watching like a hawk and immediately crushed the price?

Miners who don’t hold short positions.

Miners who hold coins and want the value to go up.

Miners who saw Elon’s impact and thought ‘fuck me I better stop this price from flying up’.......

Ummm definitely not miners. They can’t whack sell orders so hard it wipes 2% off the price and consumes the order book.


Here's a story title from Jan 11, 2021. Is the firm who made this suggestion wrong?

Bitcoin Plummets as Miners Sell Inventory, Spot Markets Panic

Data provided by South Korea-based analytics firm CryptoQuant suggests miner selling did contribute to the price drop.

Approx 40,000 btc was sold buy this particular F2 mining group.over the few days around Musk rally post.


BTC starting to shoot back up as of this post.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 01, 2021, 01:34:32 AM
1.2 Trillion dollars? That would be a massive sale.

Any link to this story?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 01, 2021, 01:37:09 AM
Quote from: gib on February 01, 2021, 01:34:32 AM
1.2 Trillion dollars? That would be a massive sale.

Any link to this story?

1.2,-1.5 billion.

https://www.google.com/amp/s/cointelegraph.com/news/bitcoin-s-biggest-mining-pool-may-be-behind-the-btc-price-drop-but-buyers-stepped-in/amp
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 01, 2021, 01:38:18 AM
I wonder if Mr A is having multiple orgasm around the prospect of a silver short squeeze. It might seriously be the first time he was right about something investment and finance related.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on February 01, 2021, 01:40:06 AM
Quote from: OneMoreRep on January 31, 2021, 06:39:35 PM
That's HUGE!

"1"

lol.Anyone who has followed crypto for 4 years or more has seen this play out many times before, and it is always fruitless.China tried countless times in 2017, until they realised it was a waste of time and if they didnt adapt to it then other countries would jump ahead of them with innovation.India tried before in 2018 but again it fizzled out.Any country that doesnt adopt and adapt will more than likely be left in the dust.You need to experience 1 full crypto market cycle before any of this starts to makes sense to you.The market is all based on emotion.

(https://cdn.shortpixel.ai/spai/w_1152+q_lossless+ret_img+to_webp/https://cryptopotato.com/wp-content/uploads/2018/04/p4_2.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 01, 2021, 01:41:30 AM
Quote from: Bindare_Dundat on February 01, 2021, 01:37:09 AM


https://www.google.com/amp/s/cointelegraph.com/news/bitcoin-s-biggest-mining-pool-may-be-behind-the-btc-price-drop-but-buyers-stepped-in/amp

Ah 1.2 Trillion over 4 days or so. Still very big selloff. Amazing how this was absorbed by the market so well. Has to be positive that such a massive whale has now unloaded and market ownership is broadened. Thanks for posting.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 01, 2021, 01:43:25 AM
Quote from: gib on February 01, 2021, 01:41:30 AM
Ah 1.2 Trillion over 4 days or so. Still very big selloff. Amazing how this was absorbed by the market so well. Has to be positive that such a massive whale has now unloaded and market ownership is broadened. Thanks for posting.

Billion.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 01, 2021, 01:49:46 AM
Quote from: Army of One on February 01, 2021, 01:40:06 AM
lol.Anyone who has followed crypto for 4 years or more has seen this play out many times before, and it is always fruitless.China tried countless times in 2017, until they realised it was a waste of time and if they didnt adapt to it then other countries would jump ahead of them with innovation.India tried before in 2018 but again it fizzled out.Any country that doesnt adopt and adapt will more than likely be left in the dust.You need to experience 1 full crypto market cycle before any of this starts to makes sense to you.The market is all based on emotion.

(https://cdn.shortpixel.ai/spai/w_1152+q_lossless+ret_img+to_webp/https://cryptopotato.com/wp-content/uploads/2018/04/p4_2.jpg)

If you look at the cycle from the top starting with complacency etc, this is ESCATLY what Mr Anabolic went through on his journey. His "anger" phase lasted quite some time, but even that he got over. eventually.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 01, 2021, 01:51:47 AM
Quote from: Bindare_Dundat on February 01, 2021, 01:43:25 AM
Billion.

Apologies - I stand corrected.

Yes 1.2 Billion. That is easily absorbed. Daily volume is usually over 100 B.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 01, 2021, 01:53:39 AM
Quote from: gib on February 01, 2021, 01:51:47 AM
Apologies - I stand corrected.

Yes 1.2 Billion. That is easily absorbed. Daily volume is usually over 100 B.

But the sale and shorting, as well as retail selling could have contributed to the rally losing steam could it not?

Just want to verify if thats a possibility or not, or if it the price drop after the rally was something more."nefarious"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on February 01, 2021, 02:01:46 AM
Quote from: Bindare_Dundat on February 01, 2021, 01:53:39 AM
But the sale and shorting, as well as retail selling could have contributed to the rally losing steam could it not?

Just want to verify if thats a possibility or not, or if it the price drop after the rally was something more."nefarious"

Unless you are a trader, and I dont think you are, then this daily, weekly even monthly stuff is all nonsense. Its fun to read about but dont let it clutter your mind. Literally just follow the stock to flow model and wait 2-4 years. Only hard decision you have to make is if you want to sell on the potential 2 year dump eoy 2021 to mid 2022, or hold and live with it until the halving in 2024 when prices go back up again. But many believe with institutional money now in, we may not see the dump. Just buy, hold and don't worry about it.Be thankful you didnt live through the previous 10 years where everyone worried if it would ever be accepted by the Institutions, that was the real worry of it failing, covid sped that up and over that huge ramp.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 01, 2021, 02:11:54 AM
Quote from: Army of One on February 01, 2021, 02:01:46 AM
Unless you are a trader, and I dont think you are, then this daily, weekly even monthly stuff is all nonsense. Its fun to read about but dont let it clutter your mind. Literally just follow the stock to flow model and wait 2-4 years. Only hard decision you have to make is if you want to sell on the potential 2 year dump eoy 2021 to mid 2022, or hold and live with it until the halving in 2024 when prices go back up again. But many believe with institutional money now in, we may not see the dump. Just buy, hold and don't worry about it.Be thankful you didnt live through the previous 10 years where everyone worried if it would ever be accepted by the Institutions, that was the real worry of it failing, covid sped that up and over that huge ramp.

I'm just curious. I haven't bought or sold anything since my.last purchase but id like to get into trading more.

Micheal Saylor suggested no one should be trading BTC at all and laughs at anyone that does, so he shares your philosophy. 

By the way Elon Musk just came out and said he's late.to the party but he completly supports BTC
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on February 01, 2021, 02:22:08 AM
Quote from: Bindare_Dundat on February 01, 2021, 02:11:54 AM
I'm just curious. I haven't bought or sold anything since my.last purchase but id like to get into trading more.

Micheal Saylor suggested no one should be trading BTC at all and laughs at anyone that does, so he shares your philosophy. 

By the way Elon Musk just came out and said he's late.to the party but he completly supports BTC

if you must do something apart from buy and hold btc, skip the btc trading part theres a 97%+ chance you will lose all your money, thats a known statistic not out of my ass.Instead buy hyped alt coins early on in their cycle that have actual potential, its far easier to make sats/dollars this way.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 01, 2021, 02:28:36 AM
Quote from: Army of One on February 01, 2021, 02:22:08 AM
if you must do something apart from buy and hold btc, skip the btc trading part theres a 97%+ chance you will lose all your money, thats a known statistic not out of my ass.Instead buy hyped alt coins early on in their cycle that have actual potential, its far easier to make sats/dollars this way.

Thanks. I saw all the pumping with certain coins like AVe, Chainlink, Cardero, etc.. but I thought they were way overbought. Do you suggest any?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 01, 2021, 02:30:24 AM
Coinbase hit record high ranking in the App store. the FOMO lately has been insane.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 01, 2021, 02:38:48 AM
Trading you will need deep pockets to get anywhere plus high chance of losing it all as you will make so many transactions you won’t be right all the time.

Musk is one of the world’s biggest trolls. Worth 153B but he is too late to buy BTC......the biggest players were buying 1B worth in December yet he has missed the boat 4 weeks later, poor Elon lol.

I still think he is in some way involved in the creation of BTC or he is a crazy big holder of ETH. There is no way that dude isn’t involved in crypto up to his eyeballs. It’s the exact thing you would expect from him.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on February 01, 2021, 02:54:41 AM
Quote from: Bindare_Dundat on February 01, 2021, 02:28:36 AM
Thanks. I saw all the pumping with certain coins like AVe, Chainlink, Cardero, etc.. but I thought they were way overbought. Do you suggest any?

api3, aka chainlink part 2.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 01, 2021, 02:58:40 AM
Quote from: Bindare_Dundat on February 01, 2021, 01:14:11 AM
BTC starting to shoot back up as of this post.

It won’t amount to shit.

I’ll use game of thrones to help in my example.

Think of it like this, John Snow was leading of the rally up to it’s peak and he got killed in battle. Next attempt they sent Jamie Lannister and he got killed. Then greyworm. Then Arya. We are pretty much at the point where that fat kid who makes pies is the current leader to try another attempt to break resistance.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 01, 2021, 04:36:31 AM
Quote from: Mayday on February 01, 2021, 02:58:40 AM
It won’t amount to shit.

I’ll use game of thrones to help in my example.

Think of it like this, John Snow was leading of the rally up to it’s peak and he got killed in battle. Next attempt they sent Jamie Lannister and he got killed. Then greyworm. Then Arya. We are pretty much at the point where that fat kid who makes pies is the current leader to try another attempt to break resistance.

But Arya was the one that killed the Night King.  ;)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on February 01, 2021, 04:42:38 AM
Quote from: Mayday on February 01, 2021, 02:58:40 AM
It won’t amount to shit.

I’ll use game of thrones to help in my example.

Think of it like this, John Snow was leading of the rally up to it’s peak and he got killed in battle. Next attempt they sent Jamie Lannister and he got killed. Then greyworm. Then Arya. We are pretty much at the point where that fat kid who makes pies is the current leader to try another attempt to break resistance.

Cant look at the charts at the moment.I wouldnt be surprised if the amount of people in the west interested in stocks has doubled in the past few weeks after the gamestop move, they will all be looking for the next big thing, and btc is always the next big thing.These are not normal times where standard TA works a large percentage of the time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on February 01, 2021, 05:17:50 AM
Quote from: Mayday on February 01, 2021, 02:58:40 AM
It won’t amount to shit.

I’ll use game of thrones to help in my example.

Think of it like this, John Snow was leading of the rally up to it’s peak and he got killed in battle. Next attempt they sent Jamie Lannister and he got killed. Then greyworm. Then Arya. We are pretty much at the point where that fat kid who makes pies is the current leader to try another attempt to break resistance.

 :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on February 01, 2021, 05:23:51 AM
Quote from: gib on February 01, 2021, 12:21:40 AM
I think most people get it that you cannot "ban" an algorithm combined with a person's free thought. What you can try to do is ban it as an official currency. But even then, it becomes traded as a commodity. Further, India knows it is essential for it to embrace BTC if it wishes to continue its rise as a tech leader. Indian's have a strong cultural affinity with gold. For the new generation, they will gravitate to Bitcoin, especially when the see exampled of gold being stolen or confiscated or not able to take from India to overseas.

10 year prison sentence is heavy punishment , could scare some people off . . .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Gitur on February 01, 2021, 06:00:52 AM
Quote from: Army of One on February 01, 2021, 02:01:46 AM
Unless you are a trader, and I dont think you are, then this daily, weekly even monthly stuff is all nonsense. Its fun to read about but dont let it clutter your mind. Literally just follow the stock to flow model and wait 2-4 years. Only hard decision you have to make is if you want to sell on the potential 2 year dump eoy 2021 to mid 2022, or hold and live with it until the halving in 2024 when prices go back up again. But many believe with institutional money now in, we may not see the dump. Just buy, hold and don't worry about it.Be thankful you didnt live through the previous 10 years where everyone worried if it would ever be accepted by the Institutions, that was the real worry of it failing, covid sped that up and over that huge ramp.

Exactly, buy and hold. No point reading every article known to man and panicking on what to do next.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on February 01, 2021, 07:21:49 AM
Could an ISP or higher up network provider filter and identify the blockchain associated with a crypto and block access?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 01, 2021, 09:32:43 AM
F2 mining responded and said the amount of coin they sold during the time in question, (musk tweet), only represents 10% of their bitcoin holdings. They've been holding to their bitcoin for about a decade.

F2 mining is CHINESE and one of the larger mining  pools .

(https://btcmanager.com/wp-content/uploads/2020/06/image1-768x456.png)


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 01, 2021, 10:07:52 AM
Quote from: Bindare_Dundat on February 01, 2021, 09:32:43 AM
F2 mining responded and said the amount of coin they sold during the time in question, (musk tweet), only represents 10% of their bitcoin holdings. They've been holding to their bitcoin for about a decade.

F2 mining is CHINESE and one of the larger mining  pools .


Sorry, this all I need to know. I'm done.

Your're done with Bitcoin?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 01, 2021, 10:10:21 AM
Quote from: Griffith on February 01, 2021, 10:07:52 AM
Your're done with Bitcoin?

lol no , my error with the clipboard

Just watching alot of crypto channels losing their shit over this. and I dont think anyone really knows wth is going on regarding this particular story.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 01, 2021, 02:53:07 PM
Quote from: Army of One on February 01, 2021, 04:42:38 AM
Cant look at the charts at the moment.I wouldnt be surprised if the amount of people in the west interested in stocks has doubled in the past few weeks after the gamestop move, they will all be looking for the next big thing, and btc is always the next big thing.These are not normal times where standard TA works a large percentage of the time.

My initial model was done without TA and I set my bias accordingly.

The vast majority skipped that step and now are failing because TA is somewhat erratic to them.

Even you have become scared of missing out on the next ramp because 5 shares out of a million were played with.

BTC already had the messiah of influencers show a sign and it got nuked. Who are you suggesting can be more influential than Elon to overcome the nukes the other night?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on February 01, 2021, 02:56:48 PM
Quote from: Bindare_Dundat on February 01, 2021, 10:10:21 AM
lol no , my error with the clipboard

Just watching alot of crypto channels losing their shit over this. and I dont think anyone really knows wth is going on regarding this particular story.

One thing that is pretty frightening however  is how many miners are from China.

people lose their shit over some FUD in crypto every week, most people have paper thin hands and cant handle greater than 10% drops.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 01, 2021, 05:04:49 PM
Quote from: DooM_ on February 01, 2021, 05:23:51 AM
10 year prison sentence is heavy punishment , could scare some people off . . .

Lol, I guess so, if people were really stupid enough to believe that the Indian Government had a way of actually reading a person's mind and in particular how it interacts with a mathematical algorithm. All that happens then is that BTC becomes a confidential store of wealth, and that day to day the poor interact with fiat money for day to day transactions, but benchmarked to BTC. India is a global country, and so cannot be isolated from a global currency and store of value.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 01, 2021, 07:13:26 PM
DooM, see this is how we do it, one step at a time.

https://cointelegraph.com/news/senator-to-launch-financial-innovation-caucus-to-educate-lawmakers-on-crypto

"We hope to use it as a springboard to educate members of the U.S. Senate and their staff about Bitcoin specifically, but about other opportunities for cryptocurrency and financial innovation and blockchain.

Lummis stated the caucus will first work to fight the false narrative about digital assets and crypto being used for money laundering, noting that research from blockchain forensics firm Chainalysis indicates “cryptocurrency-related crime is smaller than criminal activity with cash.”
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 02, 2021, 01:09:50 AM
Think Ethereum hit another record high.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 02, 2021, 01:11:07 AM
ETHBTC really wants to break above 0.041 ratio due to BTC sideways movement.

4th-11th Feb is action week.

8th Feb is the key date.

The key to being ‘safe’ for ETH is to ensure BTC rallies successfully. Each time ETH has tapped the high, BTC pukes inside the next 12 hours and ETH pulls back.

We are seeing ETH tap the high once again so it begs the question, is BTC about to take a major dump just like the times before it.


We can ponder, are the pullbacks in BTC timed to prevent ETH from breaking the all time high?  Take a look. What do you guys think?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 02, 2021, 01:13:48 AM
Quote from: Bindare_Dundat on February 02, 2021, 01:09:50 AM
Think Ethereum hit another record high.

Was just looking at this at the same time lol.

I’m thinking BTC is going to puke. It’s too coincidental for me that each time ETH approaches the ATH suddenly BTC takes a dive and ETH is pulled back. Even right now someone is pulling ETH back. Very interesting.

Still, I am basing my strategy around BTC because that is still the core driver for the crypto market. No point in being an a ethereum hero for a day to them be at a big loss the next 2 weeks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 02, 2021, 01:32:23 AM
Quote from: Mayday on February 02, 2021, 01:13:48 AM
Was just looking at this at the same time lol.

I’m thinking BTC is going to puke. It’s too coincidental for me that each time ETH approaches the ATH suddenly BTC takes a dive and ETH is pulled back. Even right now someone is pulling ETH back. Very interesting.

Still, I am basing my strategy around BTC because that is still the core driver for the crypto market. No point in being an a ethereum hero for a day to them be at a big loss the next 2 weeks.


I dont sleep bro. Lol

ETH.has not seen a significant low in quite some time and its trajectory is still in ascending trendline.

BTC has been having a much more.difficult time breaking out of the descending triangle.

Bust out just recently.  Big green candles for btc. See how long this lasts.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 02, 2021, 03:29:24 AM
The problem for BTC is it has had so many failed attempts it becomes worn down. Fatigued.

Every single parabolic run has been met with a retrace before a ramp.

It is good news it has taken this long and is still fighting. It gives me confidence that a second ramp will happen. I just don’t believe it will happen from here is all.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 02, 2021, 05:26:44 AM
Quote from: Mayday on February 02, 2021, 03:29:24 AM
The problem for BTC is it has had so many failed attempts it becomes worn down. Fatigued.

Every single parabolic run has been met with a retrace before a ramp.

It is good news it has taken this long and is still fighting. It gives me confidence that a second ramp will happen. I just don’t believe it will happen from here is all.


Micheal Saylor has a big event tomorrow that could trigger a big rally. This might be the pre rally lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on February 02, 2021, 06:11:29 AM
Quote from: Bindare_Dundat on February 02, 2021, 05:26:44 AM

Micheal Saylor has a big event tomorrow that could trigger a big rally. This might be the pre rally lol



Proponents of BTC are always looking for the next pump event in place of fundamental value or utility. Again, how is that not playing into the greater fool theory?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on February 02, 2021, 06:59:02 AM
$ 34,784.05
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on February 02, 2021, 07:11:36 AM
Quote from: SOMEPARTS on February 02, 2021, 06:11:29 AM


Proponents of BTC are always looking for the next pump event in place of fundamental value or utility. Again, how is that not playing into the greater fool theory?

its utility is of a store of value that preserves wealth.Not everything needs to be complicated.Its gradually being assigned more and more value by greater amounts of institutions and corporations. Thus those events pump the price, just like stocks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 02, 2021, 07:13:58 AM
Quote from: SOMEPARTS on February 02, 2021, 06:11:29 AM


Proponents of BTC are always looking for the next pump event in place of fundamental value or utility. Again, how is that not playing into the greater fool theory?

Just stating a real  possibility and how one can potentially benefit from it. No one is making anyone take the risk. If youre just gonna poo poo everything, not sure how that benefits anyone?

If I listened to everyone that shit on bitcoin and the negative news i would have sold at 7000 dollars and had zero in my account.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 02, 2021, 07:52:34 AM
Ethereum breaking all time high.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 02, 2021, 08:42:14 AM
Eth killing it
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 02, 2021, 08:43:52 AM
Quote from: Bindare_Dundat on February 02, 2021, 08:42:14 AM
Eth killing it

Just hit $1500.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on February 02, 2021, 08:50:58 AM
Quote from: Army of One on February 02, 2021, 07:11:36 AM
its utility is of a store of value that preserves wealth.Not everything needs to be complicated.Its gradually being assigned more and more value by greater amounts of institutions and corporations. Thus those events pump the price, just like stocks.


Are you claiming crypto of an unknown origin is an uncomplicated store of value? Haha.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on February 02, 2021, 08:54:12 AM
Tesla CEO Elon Musk: Bitcoin On ‘The Verge Of Broad Acceptance’


Elon Musk, the billionaire chief executive of electric car-maker Tesla TSLA +4.1%, has said he thinks the soaring cryptocurrency bitcoin is on "the verge" of breaking into traditional finance.

Musk, who revealed last month he is open to being paid in bitcoin, made the comments during a wide-ranging interview on the app Clubhouse that also covered manned missions to Mars and Musk's implantable brain–machine interface Neuralink.

 "I do at this point think bitcoin is a good thing," Musk told a packed Clubhouse chat room, adding he doesn't "have a strong opinion on other cryptocurrencies."

"I am a supporter of bitcoin. I am late to the party but a supporter. I think bitcoin is on the verge of getting broad acceptance by conventional finance people."

Musk's comments put him at odds with many global central bankers and regulators who have recently warned bitcoin is primarily used for illicit purposes and to launder money.

 Musk said that people had tried to get him involved in bitcoin in the past, going back as far as 2013, when bitcoin was worth a fraction of what it is now—trading at under $100.

The bitcoin price has soared around 200% since October, surging to over $40,000 per bitcoin before falling back slightly. The blistering bitcoin rally has largely been put down to institutional investors warming to the cryptocurrency and payments giants such as PayPal PYPL +1.9% adding their support—though bubble fears have emerged.

Last week, Musk—whose tweets about bitcoin and joke cryptocurrency rival dogecoin often move the market—sent the bitcoin price sharply higher when he gave bitcoin a long-awaited tacit endorsement following restrictions being placed on the trading of company shares that have become a battleground for bullish retail traders organised via Reddit's WallStreetBets forum and Wall Street hedge funds that have long been shorting the stocks.

"I have to be careful what I say, it can affect the market," Musk said via Clubhouse, addressing the power of his near-45 million followers on Twitter.

 https://www.forbes.com/sites/billybambrough/2021/02/01/elon-musk-bitcoin-on-the-verge-of-broad-acceptance/?sh=7c28b06052c7
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 02, 2021, 08:58:14 AM
ETH over $1500.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 02, 2021, 09:33:45 AM
Quote from: Griffith on February 02, 2021, 08:58:14 AM
ETH over $1500.

 :o
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on February 02, 2021, 12:21:52 PM
Quote from: SOMEPARTS on February 02, 2021, 08:50:58 AM

Are you claiming crypto of an unknown origin is an uncomplicated store of value? Haha.

?

You know the Bitcoin source code is open source right? Nothing stopping you from educating yourself and learning exactly how it works.Its origin is irrelevant for understanding it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 02, 2021, 12:45:57 PM
Quote from: Griffith on February 02, 2021, 08:58:14 AM
ETH over $1500.
Wow that took forever fuck me! Hopefully it will double in short order. Many people are super bullish about Ethereum.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 02, 2021, 07:00:21 PM
BTC @36.1k. We should see an attempt to break above 37.2k. If it can do it and use that level as support, giddyup towards 55k. If it gets rejected, not so nice.

I have a small position in ETH but that’s just a longer hold and only bought from profits, not my original investment.

I’m still playing safe and waiting for BTC to either prove it can rally and hold or crash and burn.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on February 02, 2021, 07:29:44 PM
Quote from: Mayday on February 02, 2021, 07:00:21 PM
BTC @36.1k. We should see an attempt to break above 37.2k. If it can do it and use that level as support, giddyup towards 55k. If it gets rejected, not so nice.

I have a small position in ETH but that’s just a longer hold and only bought from profits, not my original investment.

I’m still playing safe and waiting for BTC to either prove it can rally and hold or crash and burn.

Seen people like you new to crypto over the past 7years since I've  been hodling thinking you can out trade the market. It all ends up the same, Rekt.
Have people  like SOMEPARTS who are content to pass up a 20000% + gain because they inherently believe the bitcoin eco system is flawed....keep grinding that 9-5.
Then others like you who take  a bet each way, state your position for the long term. Either it crashes and burns or becomes one of the best investment  vehicles weve ever seen....

Have a watch:


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 02, 2021, 08:06:40 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 02, 2021, 09:18:12 PM
Quote from: Theoak* on February 02, 2021, 07:29:44 PM
Seen people like you new to crypto over the past 7years since I've  been hodling thinking you can out trade the market. It all ends up the same, Rekt.
Have people  like SOMEPARTS who are content to pass up a 20000% + gain because they inherently believe the bitcoin eco system is flawed....keep grinding that 9-5.
Then others like you who take  a bet each way, state your position for the long term. Either it crashes and burns or becomes one of the best investment  vehicles weve ever seen....

Have a watch:

It’s a tad odd to be made fun of because I am risking my Profits only and have my initial investment to enter when I feel it is a safe buy in post a dip (any dip).

I am playing with well into 6 figures. Think you can stomach a 200k loss of initial capital (not profit) in under 60 seconds? I doubt it.

HODLers seem oblivious that there are market cycles and that crypto is volatile as all fuck. Don’t kid yourself that you won’t see BTC under 20k again and ETH will be right back under 1k.

The risk to HODL is you never know if that was the last peak. Blindly believing social media that it can only go higher puts you in the category of missing your exit and riding the wave into the ground.

The guys on here with opposing views on BTC are completely valid to raise their concerns over why it won’t succeed. I don’t ignore them because there is some truth to those risks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on February 02, 2021, 09:46:39 PM
Quote from: Mayday on February 02, 2021, 09:18:12 PM
It’s a tad odd to be made fun of because I am risking my Profits only and have my initial investment to enter when I feel it is a safe buy in post a dip (any dip).

I am playing with well into 6 figures. Think you can stomach a 200k loss of initial capital (not profit) in under 60 seconds? I doubt it.

HODLers seem oblivious that there are market cycles and that crypto is volatile as all fuck. Don’t kid yourself that you won’t see BTC under 20k again and ETH will be right back under 1k.

The risk to HODL is you never know if that was the last peak. Blindly believing social media that it can only go higher puts you in the category of missing your exit and riding the wave into the ground.

The guys on here with opposing views on BTC are completely valid to raise their concerns over why it won’t succeed. I don’t ignore them because there is some truth to those risks.

Well lets see, the bch received from the hardfork was over 6 figures at its peak. That was basically free money. You run numbers for a living so you can calculate my position. 200k loss...lol. Thays my ltc position

When did I mention anything about BTC not returning back to 20k? Ive been through bear markets and major swings. Ive set my close limits on % of my holdings. However you think crash and burn is 20k levels. Pretty hard pill for me to swallow considering my buy in was 200-400 range.

HODLERS seem oblivious? That right there is an ignorant statement in itself. I know few HODLERs who have exit strategies. See when I purchased my positions in btc it was people like you with crash and burn mentality flooding social media. The longer btc survives, bigger the infastructure is built around  it and as the eco system grows your crash and burn theory will become obsolete.

As for SOMEPARTS i actually agree with some ot what he has to say, read a few of my posts. Doesnt mean BTC will ultimately fail.

Edit: i was not making  fun, just your theme is a peculiar one which ive seen over the years.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on February 02, 2021, 10:52:59 PM
Quote from: Army of One on February 02, 2021, 12:21:52 PM
?

You know the Bitcoin source code is open source right? Nothing stopping you from educating yourself and learning exactly how it works.Its origin is irrelevant for understanding it.




I probably owned BTC before you did, I remember it was running about what a roll of silver eagles was at the time. I have discussed it's pros and cons with some very technical friends over the years. Its origin is absolutely relevant as to what happens in the future.

As for other comments, I never said it wasn't going to make people some money...obviously it's made some filthy rich. I have not seen the mechanics of how it replaces or runs alongside the existing money system in a way that doesn't invite a crackdown. If the answer is "it just will" then that is not a sufficient answer for me to ride the roller coaster. BTC having lots of trouble getting a legit ETF but govt had no problem taxing the gains. Lots of hoops of fire to jump through to get where some infer it is going.  Needs to shake that viral penny stock reputation that excites the gamblers.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 02, 2021, 11:48:49 PM
Quote from: Theoak* on February 02, 2021, 09:46:39 PM
Edit: i was not making  fun, just your theme is a peculiar one which ive seen over the years.

I didn’t make a 200k loss. I sat through the initial wicked short squeeze to see my position evaporate and I held and sure enough it bounced back and at 40.5k I sold.  That was fucking scary. I took huge risk early on to derisk later which is what I have done. I only have my profit in play now.. Mission accomplished.

I have no doubt you have read similar things to people wanting to trade every peak and trough. People trade. People hold. You have a greater chance of winning for a hold position as it allows more time to be correct but there is a point where you need to bail and many decide to ride the wave back down.

Sorry but just because some bloke said it’s going to 250k I’m not going to suck up a huge loss for an unknown period of time if I don’t have to. I am not a believer in this being a huge cycle peak whereas most do.

That GME Reddit guy who went from 50k to 48M held and it’s crashing. He will end up around 25M before taxes. Savage. Brutal. He no doubt believed it was going to skyrocket.

If one bought gold at peak in 2012 it’s almost a decade later to get your initial investment back.

If one bought silver in peak 2011, a decade later you have half your initial investment yet the holders kept crowing buy buy buy. Back in 2011 it was the same ‘it’s undervalued, manipulated, going to $1,000’ and it destroyed people.

People get burned in all kinds of scenarios. Early buyers are in so cheap they mock and make fun of late comers who have ‘weak hands’. No shit, they don’t have a 95% buffer over their initial investment and no ivory tower to protect them. A 50% correction after they invest is soul destroying after being told it will be 250k this year.....

I sold BTC at peak and it still hasn’t got back there despite everybody claiming it would rally already these past weeks.It hasn’t crashed yet so I’m not correct either But I am not carrying risk right now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 03, 2021, 01:19:33 AM
I was waiting for this exchange to happen. I dont think its wise to get cocky with anything in life, ESPECIALLY when you think you think you've been very clever and in a position that seems advantageous.

Its easy to make yourself out like a genius when so much of it is just blind luck. I dont know anyone, personally, that hasn't freaked out and sold some or most of their crypto when things started looking ugly, even when it really wasn't in the grand scheme of things. No one wants to see things reversing, or miss out on potential gains no matter how far ahead of the game they may be at the moment but id rather err on the side of caution then ride things right off a cliff in the hopes they go to the moon.

I'll be the first to admit I jumped in and out, with portions of my holdings as we tested new highs and even with the temporary loses, its worked out so far but man, it is nerve racking as hell. at least to me it is. Lol

I'm happy where we are but I won't hesitate to pull everything out, even if I loose out on a couple of buys i made at the last peak price. I wouldn't risk all my gains, for the hope we might return to these prices and beyond like some are.willing to do.

If youre doing well right now, count your blessings and enjoy but always stay humble. No one is too smart to lose here.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 03, 2021, 07:52:30 AM
ETH still killing highs
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 03, 2021, 08:25:35 AM
ETH over $1600.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 03, 2021, 06:54:41 PM
BTC 37.9k and looking very healthy right now.

ETH rocketing! Go you good thing!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 04, 2021, 12:37:38 AM
Quote from: Mayday on February 03, 2021, 06:54:41 PM
BTC 37.9k and looking very healthy right now.

ETH rocketing! Go you good thing!

Btc and eth both looking awesome.

Anyone still thinks the Saylor seminars aren't kicking this off? I think it's a catalyst for this rally. Hopefully it sticks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 04, 2021, 12:44:15 AM
Visa Reveals Bitcoin And Crypto Banking Roadmap Amid Race To Reach Network Of 70 Million

https://www.forbes.com/sites/billybambrough/2021/02/03/visa-reveals-bitcoin-and-crypto-banking-roadmap-amid-race-to-reach-network-of-70-million/amp/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on February 04, 2021, 05:31:58 AM
$ 37,413.93
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 04, 2021, 08:42:14 AM
https://www.dailyfx.com/forex/market_alert/2021/02/04/Bitcoin-Rallies-into-Resistance-while-Ethereum-Hits-All-Time-High-LiveEdu-TDC.html

Bitcoin Rallies into Resistance while Ethereum Hits All-Time High

Bulls trading both Bitcoin and Ethereum remain in control of price action after prospects of the larger US Fiscal Stimulus package helped to buoy the demand for major cryptocurrencies.

Although Bitcoin has surged approximately 23% (YTD), Ether continues to outperform, rising a massive 123% (YTD).

ETH/USD continues to soar ahead of next week’s launch of Ethereum futures on the Chicago Mercantile Exchange (CME).

After peaking at the key psychological level of $1,700, a new record high, prices retraced back towards the current support level of $1,468, formed by the 14.4% Fibonacci retracement level of the historical move.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 04, 2021, 08:59:57 PM
Quote from: LurkerNoMore on January 27, 2021, 08:29:56 AM
No, it was already started when I joined on.   Who remembers the original poster here?  Was he banned?

The thread was started by Gib.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 04, 2021, 10:13:39 PM
Quote from: Griffith on February 04, 2021, 08:59:57 PM
The thread was started by Gib.

*And thereafter was proudly sponsored by Mr Anabolic. :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 05, 2021, 12:57:24 AM
Some videos of the Saylor seminars are out. Very interesting stuff. If these invited investors don't jump on board after this, I'd be surprised. If they do, It will only solidify btc's future and no governement or institution is going to be able to or want to stop its mass adoption.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 05, 2021, 10:12:52 AM
Ethereum was at $1760 today.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 05, 2021, 01:05:48 PM
Quote from: Griffith on February 05, 2021, 10:12:52 AM
Ethereum was at $1760 today.
Ethereum will most likely hit $2000 soon. Some predict $2500 by valentine's day. And I have seen quite a few estimates for Ethereum this year ranging from $8000 - $27,000 and beyond.

https://www.fxstreet.com/cryptocurrencies/news/grayscale-buys-76-million-worth-of-ethereum-in-anticipation-of-cmes-ether-futures-launch-202102051213

Grayscale buys $76 million worth of Ethereum in anticipation of CME’s Ether futures launch

- Grayscale's purchase of more ETH comes after reopening the Ethereum Trust to investors.
- CME Ethereum futures contracts are set to launch on Monday, February 8.
- Ethereum whales are on a buying spree as they capitalize on the bull run.

Grayscale Investments, the world's leading digital fund manager, has bought more Ethereum. The firm's uptake of Bitcoin from late last years was connected to the bull run the pioneer cryptocurrency experienced in December and January. There seems to be a consistent shift to Ethereum as the asset rallies to a new high after a new high.

Are investors shifting the focus to Ethereum?

Ethereum Trust (OTCQX: ETHE) is the vehicle investors use to get into the cryptocurrency market with Grayscale. The company reopened the trust on Monday, allowing new investors to come while others increase their shareholding.

According to the investment firm, Ethereum Trust had over $4 billion in assets by January 29. This week's $76 million purchase came before the reopening of the trust, implying that investor interest in Ethereum was growing at an exceptional rate.

Ethereum goes ballistic ahead of CME Ether futures

Ethereum extended the bullish leg to a new all-time high at $1,700 this week. The majestic move was anticipated by many in the market who still believe that Ethereum is nowhere near the top. A retreat came into the picture forcing ETH to revisit levels under $1,600. However, a recovery soon came into the picture, placing Ether back on the upward trajectory.

Investor sentiment is extremely positive for Ethereum and could rise higher ahead of the Chicago Mercantile Exchange (CME) Ethereum futures launch scheduled for Monday, February 8. Futures contracts allow investors to participate in buying and selling cryptocurrencies without owning the underlying digital asset. It also means that trading takes place on a regulated platform.

Ethereum whales on a buying spree

A significant drop in the number of large volume holders of Ethereum was evident toward the end of January. However, Santiment's holder distribution shows that whales started streaming in from the beginning of February, explaining the rally to new all-time highs.

The number of addresses holding between 100,000 and 10 million ETH shot up from 154 on February 3 to 158 on February 5. This increase may seem minor at first, but the ETH volume is massive enough to add to the buying pressure significantly.

Peter Brandt, a prominent trader and investor, recently said he was willing to convert half of his Bitcoin holdings to Ethereum. He believes that Ethereum has a long way to go. Experts predict that Ethereum may hit $2,000 before the launch of CME Ether futures.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 05, 2021, 03:13:46 PM
Should we still be concerned about the CME futures contracts driving Ethereum down? Or is the momentum to the upside just too strong? Anyone cashing out prior to Feb 8th?

I
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 05, 2021, 04:15:59 PM
Quote from: Bindare_Dundat on February 05, 2021, 03:13:46 PM
Should we still be concerned about the CME futures contracts driving Ethereum down? Or is the momentum to the upside just too strong? Anyone cashing out prior to Feb 8th?

I
Here is an opinion on that. Starts around 2 minutes...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 05, 2021, 04:17:06 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 06, 2021, 01:21:06 AM
Quote from: obsidian on February 05, 2021, 04:15:59 PM
Here is an opinion on that. Starts around 2 minutes...



Not sure he convinced me. Lol

Bitcoin on a tear this morning.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on February 06, 2021, 03:23:08 AM
$ 40,304.87
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 06, 2021, 05:01:03 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on February 06, 2021, 05:26:47 AM
how is the power consumption of eth compared to btc?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on February 06, 2021, 05:40:14 AM
Lesson for everyone here, dont get caught up in hype, eth had a nice pump so youtubers are going to make crazy claims while making surprised faces to catch the youtube algorithm.ETH isnt BTC.Not that it wont rise with BTC.BTC has no competitors, ETH has a ton of L1 blockchains snapping at its heels.Its trivial for any crypto to move off ETH on to a new chain if it looks to be an ETH beater.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 06, 2021, 05:47:18 AM
Quote from: Army of One on February 06, 2021, 05:40:14 AM
Lesson for everyone here, dont get caught up in hype, eth had a nice pump so youtubers are going to make crazy claims while making surprised faces to catch the youtube algorithm.ETH isnt BTC.Not that it wont rise with BTC.BTC has no competitors, ETH has a ton of L1 blockchains snapping at its heels.Its trivial for any crypto to move off ETH on to a new chain if it looks to be an ETH beater.

Ethereum is doing excellent, just under $1700.

ETH all time high is $1761.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 06, 2021, 06:06:40 AM
https://decrypt.co/56837/ethereum-blockchain-records-1-billion-transactions

Ethereum Blockchain Records 1 Billion Transactions

The Ethereum network has been averaging over 1 million transactions per day since June 2020.

On its way to another all-time high for price, Ethereum hit another milestone.

According to data from blockchain explorer Etherscan, the Ethereum network reached 1 billion transactions today.

DeFi apps such as Aave and Uniswap allow traders to earn interest on their holdings and swap assets without going through a centralized bank or exchange.

Instead, they rely on Ethereum's infrastructure. And there are many transactions occurring via such protocols. There's now over $35 billion in value locked up in DeFi protocols tracked by DeFi Pulse.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 06, 2021, 06:11:02 AM
Quote from: Griffith on February 06, 2021, 05:01:03 AM


Lol ok. Lets keep our feet on the ground.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 06, 2021, 06:11:55 AM
Quote from: Army of One on February 06, 2021, 05:40:14 AM
Lesson for everyone here, dont get caught up in hype, eth had a nice pump so youtubers are going to make crazy claims while making surprised faces to catch the youtube algorithm.ETH isnt BTC.Not that it wont rise with BTC.BTC has no competitors, ETH has a ton of L1 blockchains snapping at its heels.Its trivial for any crypto to move off ETH on to a new chain if it looks to be an ETH beater.

Those faces are really annoying.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 06, 2021, 06:17:55 AM
Quote from: Bindare_Dundat on February 06, 2021, 06:11:02 AM
Lol ok. Lets keep our feet on the ground.

It's a click bait title, but he's talking about the derivatives market (worth trillions) using defi which could massively increase the market cap of Ethereum.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 06, 2021, 07:12:44 AM
Quote from: Griffith on February 06, 2021, 06:17:55 AM
It's a click bait title, but he's talking about the derivatives market (worth trillions) using defi which could massively increase the market cap of Ethereum.

Yeah, i understand what he's talking about but most people.wont bother watching the whole thing. Then they buy,  price goes parabolic, drops 10 percent, they freak out and price drops more,etc...then they complain how shit crypto is, etc... it gets stale.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on February 06, 2021, 07:15:36 AM
Quote from: Griffith on February 06, 2021, 05:47:18 AM
Ethereum is doing excellent, just under $1700.

ETH all time high is $1761.

It is, dont get me wrong.But anyone in this should be in for the long term, it will largely rise with btc always being around a 3rd of its marketcap, so the same gains over the long term with way more risk.I dont see any upside over BTC unless you are a short term trader.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on February 06, 2021, 07:23:37 AM
Quote from: Griffith on February 06, 2021, 05:01:03 AM


The wine really begins to flow. The dance partners become more and more attractive.

Just remember folks, there are a lot more factors that could turn it all into pumpkins and mice in comparison to Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on February 06, 2021, 08:34:19 AM
imagine how much money the aspergers founder of ETH Vitalik has  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 06, 2021, 01:00:08 PM
https://twitter.com/AdamScochran/status/1217524744909660162?s=20

(https://cryptodiffer.com/news/wp-content/uploads/2020/01/Real-World-Companies-that-build-on-Ethereum-Blockchain.png)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 06, 2021, 01:50:20 PM
Quote from: Bindare_Dundat on February 05, 2021, 03:13:46 PM
Should we still be concerned about the CME futures contracts driving Ethereum down? Or is the momentum to the upside just too strong? Anyone cashing out prior to Feb 8th?

Very little commentary around that topic online but the overwhelming majority say it is positive and that the market is now to big to be manipulated like in 2017.

People have said  in 2017 it was a cycle top and coincidence the futures launched at the day it started a pullback and that in reality The shorts had no impact or influence on market direction of BTC.

Wait one day and find out.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on February 06, 2021, 02:00:13 PM
Quote from: Mayday on February 02, 2021, 11:48:49 PM
I didn’t make a 200k loss. I sat through the initial wicked short squeeze to see my position evaporate and I held and sure enough it bounced back and at 40.5k I sold.  That was fucking scary. I took huge risk early on to derisk later which is what I have done. I only have my profit in play now.. Mission accomplished.

I have no doubt you have read similar things to people wanting to trade every peak and trough. People trade. People hold. You have a greater chance of winning for a hold position as it allows more time to be correct but there is a point where you need to bail and many decide to ride the wave back down.

Sorry but just because some bloke said it’s going to 250k I’m not going to suck up a huge loss for an unknown period of time if I don’t have to. I am not a believer in this being a huge cycle peak whereas most do.

That GME Reddit guy who went from 50k to 48M held and it’s crashing. He will end up around 25M before taxes. Savage. Brutal. He no doubt believed it was going to skyrocket.

If one bought gold at peak in 2012 it’s almost a decade later to get your initial investment back.

If one bought silver in peak 2011, a decade later you have half your initial investment yet the holders kept crowing buy buy buy. Back in 2011 it was the same ‘it’s undervalued, manipulated, going to $1,000’ and it destroyed people.

People get burned in all kinds of scenarios. Early buyers are in so cheap they mock and make fun of late comers who have ‘weak hands’. No shit, they don’t have a 95% buffer over their initial investment and no ivory tower to protect them. A 50% correction after they invest is soul destroying after being told it will be 250k this year.....

I sold BTC at peak and it still hasn’t got back there despite everybody claiming it would rally already these past weeks.It hasn’t crashed yet so I’m not correct either But I am not carrying risk right now.


Never said you made a 200k loss, was referring to your comment that I couldnt handle swings of that magnitude. I think you need to check your ego and not make assumptions on others because you get a few calls right. That statement right there was/is laughable if indeed it is directed at me. 

Im not a lefty, so I read and watch  many opposing views on btc and other alts(mainly Bitcoin). I dont just blindly follow youtube videos. At the end of the day i believe in the math and for someone who crunches numbers all day  then i think you could appreciate btc in its entirety.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 06, 2021, 03:43:58 PM
Quote from: Theoak* on February 06, 2021, 02:00:13 PM


Never said you made a 200k loss, was referring to your comment that I couldnt handle swings of that magnitude. I think you need to check your ego and not make assumptions on others because you get a few calls right. That statement right there was/is laughable if indeed it is directed at me. 

Im not a lefty, so I read and watch  many opposing views on btc and other alts(mainly Bitcoin). I dont just blindly follow youtube videos. At the end of the day i believe in the math and for someone who crunches numbers all day  then i think you could appreciate btc in its entirety.

I think you should have picked up on my writing style not being great.

I am blunt and I make points. People crack the shits because they take a defensive position already like yourself just now instead of seeing I was making points to defend my strategy. If we were having a coffee you would think the exact opposite of how you did just then. It’s fine dude.

But hey, no prob. I’ll leave the thread so I don’t upset more people.

We will all do very well out of this anyway. Lots to be happy and positive about.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 06, 2021, 04:33:33 PM
Quote from: Bindare_Dundat on February 06, 2021, 01:21:06 AM
Not sure he convinced me. Lol

Bitcoin on a tear this morning.
Yes you have to decide what are you going to do?! Sell ETH and then it goes to the moon or HODL and it drops lower. There will be ups and down for all cryptos including Bitcoin. But in the long run it is going to go up.

Also let's say hedgefunds want to short Ethereum. Wallstreetbets could get involved to wreck them! It will be buy buy buy to fuck the shorties!

kjell verleysen
3 hours ago
Walstreetbets wil support us against the shorters

Sinu Teisik
3 hours ago
Shorting now is a ticket to Rekt city.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on February 06, 2021, 04:41:07 PM
Quote from: Mayday on February 06, 2021, 03:43:58 PM
I think you should have picked up on my writing style not being great.

I am blunt and I make points. People crack the shits because they take a defensive position already like yourself just now instead of seeing I was making points to defend my strategy. If we were having a coffee you would think the exact opposite of how you did just then. It’s fine dude.

But hey, no prob. I’ll leave the thread so I don’t upset more people.

We will all do very well out of this anyway. Lots to be happy and positive about.

Didnt upset me, no need to leave the thread we are not a bunch of TDS femminists.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 06, 2021, 07:22:16 PM
Quote from: obsidian on February 06, 2021, 04:33:33 PM
Yes you have to decide what are you going to do?! Sell ETH and then it goes to the moon or HODL and it drops lower. There will be ups and down for all cryptos including Bitcoin. But in the long run it is going to go up.

Also let's say hedgefunds want to short Ethereum. Wallstreetbets could get involved to wreck them! It will be buy buy buy to fuck the shorties!

kjell verleysen
3 hours ago
Walstreetbets wil support us against the shorters

Sinu Teisik
3 hours ago
Shorting now is a ticket to Rekt city.



I'm holding long for now.  Thought about selling some last night cause I think we'll see a dip and some panic selling on Sunday/Monday and  back to new highs .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 06, 2021, 07:37:02 PM
Quote from: Bindare_Dundat on February 06, 2021, 07:22:16 PM
I'm holding long for now.  Thought about selling some last night cause I think we'll see a dip and some panic selling on Sunday/Monday and  back to new highs .
Yes I thought the same. Thing is I worked damn hard to get the cryptos I have and don't want to end up with less! Greed will eventually get the best of you! I think Ethereum has a lot of upside movement. I would take profits at a much higher price point. It will come down when it hits peak. The tricky part is to try and sell at the top so you can ride it down and get more at the bottom.

https://bitcoinist.com/economist-ethereum-to-repeat-bitcoin-rally-to-20k-according-to-metcalfes-law/

https://bitcoinist.com/bitcoin-fractal-suggests-ethereum-will-soon-see-large-leg-higher/

Metcalfe's law
Metcalfe's law states that the effect of a telecommunications network is proportional to the square of the number of connected users of the system. First formulated in this form by George Gilder in 1993, and attributed to Robert Metcalfe in regard to Ethernet, Metcalfe's law was originally presented, c. 1980, not in terms of users, but rather of "compatible communicating devices". Only later with the globalization of the Internet did this law carry over to users and networks as its original intent was to describe Ethernet purchases and connections.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 07, 2021, 07:37:45 AM
Bitcoin under 38K again.

Will be interesting to see what happens tomorrow with the CME launch of Ethereum.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 07, 2021, 08:20:03 AM
Quote from: Griffith on February 07, 2021, 07:37:45 AM
Bitcoin under 38K again.

Will be interesting to see what happens tomorrow with the CME launch of Ethereum.

Some cashing out on Eth as well. I expect it will all be scooped.up the next day and back to climbing up. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 07, 2021, 02:08:10 PM
Nobody talking about Doge? You can make quite a bit of money if you play the pump right! Celebs and Elon want to shoot it to the moon! Lots of people will buy into it I think.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 07, 2021, 02:12:14 PM
Quote from: Bindare_Dundat on February 07, 2021, 08:20:03 AM
Some cashing out on Eth as well. I expect it will all be scooped.up the next day and back to climbing up.
They are selling ETH and BTC for Dogecoin right now. Doge has a Super Bowl add. Expect it to pump for a while.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 07, 2021, 05:30:50 PM
Quote from: obsidian on February 07, 2021, 02:08:10 PM
Nobody talking about Doge? You can make quite a bit of money if you play the pump right! Celebs and Elon want to shoot it to the moon! Lots of people will buy into it I think.



Its a useless meme.coin that is only.a pump and dump.  No thanks
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on February 07, 2021, 06:36:14 PM
Quote from: Bindare_Dundat on February 07, 2021, 05:30:50 PM
Its a useless meme.coin that is only.a pump and dump.  No thanks



The irony.  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 07, 2021, 07:17:35 PM
Quote from: obsidian on February 06, 2021, 07:37:02 PM
I think Ethereum has a lot of upside movement. I would take profits at a much higher price point. It will come down when it hits peak. The tricky part is to try and sell at the top so you can ride it down and get more at the bottom.

https://bitcoinist.com/economist-ethereum-to-repeat-bitcoin-rally-to-20k-according-to-metcalfes-law/

https://bitcoinist.com/bitcoin-fractal-suggests-ethereum-will-soon-see-large-leg-higher/

Metcalfe's law
Metcalfe's law states that the effect of a telecommunications network is proportional to the square of the number of connected users of the system. First formulated in this form by George Gilder in 1993, and attributed to Robert Metcalfe in regard to Ethernet, Metcalfe's law was originally presented, c. 1980, not in terms of users, but rather of "compatible communicating devices". Only later with the globalization of the Internet did this law carry over to users and networks as its original intent was to describe Ethernet purchases and connections.

It's very easy to get caught  in hype.

Eth is at the end of the day essentially a free platform. "Metcalf's law does not necessarily give something that is essentially free, anything of tradable economic value).

In my view its simple. Bitcoin which is truly limited in supply, and has been adopted globally as a store of value. Various apps that build on the Bitcoin base layer will come and go, and will be pumped and dumped. But even for those that actually have utility, their lack of scarcity and infinite market demand to efficiency, mean that their functionality will over time essentially be free. Good recent examples are ChainLink and Uniswap.

BTC will always be digital gold. And just like gold, all sorts of businesses were built on top of gold (be it jeweler's, pawn brokers, physical storage solutions, online trading platforms, etc), End of the day, non of the business built on top of gold were limited in supply and hence over time become incredibly competitive.

That is not to say though, that in the short term they cannot have speculative value. If you can time it right, or get in early, once can make money. But I would never hold any alt long term.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 07, 2021, 07:44:26 PM
Quote from: gib on February 07, 2021, 07:17:35 PM
It's very easy to get caught  in hype.

Eth is at the end of the day essentially a free platform. "Metcalf's law does not necessarily give something that is essentially free, anything of tradable economic value).

In my view its simple. Bitcoin which is truly limited in supply, and has been adopted globally as a store of value. Various apps that build on the Bitcoin base layer will come and go, and will be pumped and dumped. But even for those that actually have utility, their lack of scarcity and infinite market demand to efficiency, mean that their functionality will over time essentially be free. Good recent examples are ChainLink and Uniswap.

BTC will always be digital gold. And just like gold, all sorts of businesses were built on top of gold (be it jeweler's, pawn brokers, physical storage solutions, online trading platforms, etc), End of the day, non of the business built on top of gold were limited in supply and hence over time become incredibly competitive.

That is not to say though, that in the short term they cannot have speculative value. If you can time it right, or get in early, once can make money. But I would never hold any alt long term.

I think that's the general consensus. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 07, 2021, 07:53:38 PM
Quote from: Bindare_Dundat on February 07, 2021, 05:30:50 PM
Its a useless meme.coin that is only.a pump and dump.  No thanks
I made more than $12,000 buying Doge low and selling at a higher price.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 07, 2021, 08:12:58 PM
Quote from: gib on February 07, 2021, 07:17:35 PM
It's very easy to get caught  in hype.

Eth is at the end of the day essentially a free platform. "Metcalf's law does not necessarily give something that is essentially free, anything of tradable economic value).

In my view its simple. Bitcoin which is truly limited in supply, and has been adopted globally as a store of value. Various apps that build on the Bitcoin base layer will come and go, and will be pumped and dumped. But even for those that actually have utility, their lack of scarcity and infinite market demand to efficiency, mean that their functionality will over time essentially be free. Good recent examples are ChainLink and Uniswap.

BTC will always be digital gold. And just like gold, all sorts of businesses were built on top of gold (be it jeweler's, pawn brokers, physical storage solutions, online trading platforms, etc), End of the day, non of the business built on top of gold were limited in supply and hence over time become incredibly competitive.

That is not to say though, that in the short term they cannot have speculative value. If you can time it right, or get in early, once can make money. But I would never hold any alt long term.
What do you mean it is a free platform? How is Bitcoin any different? Ethereum is not free. There are fees to send it around. Electrical and equipment costs are involved to keep it running 24/7. Just like Bitcoin.

Ethereum might very well exceed Bitcoin's market cap one day.

If Bitcoin is Digital Gold then Ethereum could be seen as Digital Oil.

I am not getting into Bitcoin right now because I don't like the price entry point and the exchange rate with Ethereum. It needs to improve before I become interested in it.

Per Coinranking.com:

In the past year Ethereum's MC is up 613.17%
In the past year Bitcoin's MC is up 290.42%

5 years ago Ethereum was $3.76

5 years ago Bitcoin was $375.32

Ethereum's 5 year gain as of today:

$1,588 / $3.76 = 422 times or 42,234 %

Bitcoin's 5 year gain as of today:

$38,230 / $ 375.32 = 101.85 times or 10,185 %

So in the past 5 years Ethereum's price has increased 4 times more than Bitcoin.

If you invested $10,000 in Bitcoin 5 years ago you would now have $1,018,500

If you invested $10,000 in Ethereum 5 years ago you would now have $4,220,000

That's a 5 year history. Go look at the charts for yourself. And this is based on current prices and not factoring in Ethereum's recent ATH of about $1,760.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 07, 2021, 08:19:25 PM
Quote from: obsidian on February 07, 2021, 08:12:58 PM
What do you mean it is a free platform? How is Bitcoin any different? Ethereum is not free. There are fees to send it around. Electrical and equipment costs are involved to keep it running 24/7. Just like Bitcoin.

Ethereum might very well exceed Bitcoin's market cap one day.

If Bitcoin is Digital Gold then Ethereum could be seen as Digital Oil.

I am not getting into Bitcoin right now because I don't like the price entry point and the exchange rate with Ethereum. It needs to improve before I become interested in it.

Per Coinranking.com:

In the past year Ethereum's MC is up 613.17%
In the past year Bitcoin's MC is up 290.42%

5 years ago Ethereum was $3.76

5 years ago Bitcoin was $375.32

Ethereum's 5 year gain as of today:

$1,588 / $3.76 = 422 times or 42,234 %

Bitcoin's 5 year gain as of today:

$38,230 / $ 375.32 = 101.85 times or 10,185 %

So in the past 5 years Ethereum's price has increased 4 times more than Bitcoin.

If you invested $10,000 in Bitcoin 5 years ago you would now have $1,018,500

If you invested $10,000 in Ethereum 5 years ago you would now have $4,220,000

That's a 5 year history. Go look at the charts for yourself. And this is based on current prices and not factoring in Ethereum's recent ATH of about $1,760.

Eth is not limited in supply. And for it to succeed it needs to be abundant. Eth facilitates transactions. Its a protocol, not a store of value (or at least was not intended as being one).

"If Bitcoin is Digital Gold then Ethereum could be seen as Digital Oil" - yes true, although that "oil" may be come as abundant as air - indeed it has to for Eth is to ever be broadly adopted. Indeed this was Vatalik's vision. He wanted to solve a problem, not have the eth be used as a speculative commodity. And if there is any significant cost involved, it inherently defeats the entire purpose of Eth, (and then alternatives will of course be used, driving costs of any such functionality down to basically zero).

As for "relative performance", the stats you have posted are correct, although basically nonsense if intended to show that eth might be a good future investment. I can create an alt in minutes with a market cap of .$0001, sell it to another person for $100. That would show "amazing growth", such growth neither would indicate any inherent value or utility of either the coin itself, or any long term future pricing. I can also point to a host of "alts" that have outperformed BTC, most no-one has every heard of and/or which will fade away in the future).

The lower the market cap, the easier it is to show "growth'. But make no doubts it - BTC is the core store of value. Speculative money will flow back and forth from BTC and various alts, but overall all this money in the crypto ecosystem will revert to BTC as the base value.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 07, 2021, 09:25:58 PM
Ethereum is the platform and Ether is the currency for that platform.

It is not ‘free’.

Ethereum is already used by several large banks, financial institutions and companies. Central banks have also shown interest in using it for their central bank digital currency. China’s ‘digital silk road’ already uses Ethereum.

Metcalfe’s law definitely does apply here as the network expands and Ethereum is already accepted as the platform for decentralized finance (defi) and all stablecoins are created using Ethereum.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 08, 2021, 01:06:12 AM
Quote from: obsidian on February 07, 2021, 07:53:38 PM
I made more than $12,000 buying Doge low and selling at a higher price.

And many individuals made money off gamestop stock until they didn't. Good to hear itnworked out for.you, but I'm not interested in things that are based 100% on nothing but hype.  Thats just me.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on February 08, 2021, 01:43:40 AM
Quote from: obsidian on February 07, 2021, 07:53:38 PM
I made more than $12,000 buying Doge low and selling at a higher price.

How do you buy Doge or other cryptos. It seems I can only buy BTC on Cash App. I can also buy any other stock like Apple, Amazon, FedEx... but not any crypto. I like Cash App because they make it so easy.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 08, 2021, 01:44:57 AM
Quote from: pellius on February 08, 2021, 01:43:40 AM
How do you buy Doge or other cryptos. It seems I can only buy BTC on Cash App. I can also buy any other stock like Apple, Amazon, FedEx... but not any crypto. I like Cash App because they make it so easy.

Pellious - no offence intended, but you are of a category that needs to keep it very simple. BUY Bitcoin. HODL.

Don't buy crypto kitties, doggies, Oxs. Don't buy anything that sounds like the name of a planet in the solar system.

Simple.

Trust me. Follow this simply advice. You will thank me.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 08, 2021, 02:28:06 AM
Quote from: Griffith on February 07, 2021, 09:25:58 PM
Ethereum is the platform and Ether is the currency for that platform.

It is not ‘free’.

Ethereum is already used by several large banks, financial institutions and companies. Central banks have also shown interest in using it for their central bank digital currency. China’s ‘digital silk road’ already uses Ethereum.

Metcalfe’s law definitely does apply here as the network expands and Ethereum is already accepted as the platform for decentralized finance (defi) and all stablecoins are created using Ethereum.

If Ethereum ends up succeeding it follows that it will also become essentially worthless. I suggest you read Ethereum’s value proposition, as in the original whitepaper on ethereum.org as follows:

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.

These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property.

This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk.

Note that there is no value proposition for ETH in the official description.

Yes, one could argue that Eth "fees" equate to "gas" - ie - the Ethereum network is like a shared car, and when a contract wants to be driven by the shared car, the car uses up fuel, which you have to pay the driver for. (How much gas money you owe depends on how far you had to be driven, and how much you have made use of the car etc). However, there is no hard requirement in the Etherium platform for "Gas" to actually be present or "consumed" in an Ethereum smart contract.

If all the applications and their transactions can run without ETH, there’s no reason for ETH to be valuable unless the miners collectively enforce some sort of requirement for users to pay in ETH. And if that were to happen, replacing ETH with a more efficient solution would be the inevitable result. And this would be to the disadvantage to existing ETH holders in terms of Eth having any value. Hence the ultimate conclusion to a "valueless" yes widely used protocol.

Again, that it not to mean that Eth (or any alt) can have a short term speculative value. And it also certainly means we will eventually see apps built on the Eth protocol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 08, 2021, 04:43:45 AM
https://www.coindesk.com/institutional-investors-ether-rally

More Institutional Investors Are Buying Ether, Seeing It as a Store of Value

The ether rally appears to be more organic and driven from within the crypto industry.

Ether’s latest rally to all-time highs appears to be driven, in part, by the sort of institutional investors who piled into bitcoin in 2020 for its digital gold narrative.

More institutional investors are seeing ether as a store of value, according to Coinbase’s annual review for 2020. The crypto exchange noticed “a growing number” of its institutional clients have taken positions in ether, the native currency of the Ethereum network, for its strong returns. These clients predominantly bought bitcoin in 2020.

“The case for owning ethereum [ether] we hear most frequently from our clients is a combination of, first, its evolving potential as a store of value and, second, its status as a digital commodity that is required to power transactions on its network,” according to the report.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on February 08, 2021, 05:13:58 AM
Tesla bought $1.5B bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 08, 2021, 05:21:11 AM
Quote from: Theoak* on February 08, 2021, 05:13:58 AM
Tesla bought $1.5B bitcoin.

Yep. Poor poor old Mr Anabolic... :(

https://www.cnbc.com/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.html?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 08, 2021, 05:32:08 AM
Wwwhhhooooaaa
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 08, 2021, 05:34:21 AM
The price of BTC is now around 10x what it was when we started this thread.

Poor poor old Mr Anabolic with his silver and cans of tuna... :(
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on February 08, 2021, 05:43:28 AM
Quote from: gib on February 08, 2021, 05:21:11 AM
Yep. Poor poor old Mr Anabolic... :(

https://www.cnbc.com/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.html?
 

Mr A will internally combust  once amazon,apple facebook, google and the other power houses release their balance sheets  with btc included.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 08, 2021, 05:46:10 AM
Quote from: Theoak* on February 08, 2021, 05:43:28 AM
 

Mr A will internally combust  once amazon,apple facebook, google and the other power houses release their balance sheets  with btc included.
:o
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on February 08, 2021, 06:06:39 AM
$ 43,043.04
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on February 08, 2021, 06:06:47 AM
tesla also accepting it as payment for their cars.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on February 08, 2021, 06:07:55 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on February 08, 2021, 06:09:08 AM
who knows whether bitcoin is worth 1 dollar or 40.000 dollar for 1 coin. I guess it boils down to supply and demand.

I however think that it is super exciting what Tesla is doing. I don't own any crypto, but this is just interesting to follow regardless.

Elon is a visionary in many ways.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on February 08, 2021, 06:41:37 AM
Damn, BTC is skyrocketing today.  Fuck.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on February 08, 2021, 06:41:51 AM
Quote from: FitnessFrenzy on February 08, 2021, 06:09:08 AM
who knows whether bitcoin is worth 1 dollar or 40.000 dollar for 1 coin. I guess it boils down to supply and demand.

I however think that it is super exciting what Tesla is doing. I don't own any crypto, but this is just interesting to follow regardless.

Elon is a visionary in many ways.


like everything else in life, it boils down to the value we assign it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Gitur on February 08, 2021, 07:10:59 AM
Quote from: Army of One on February 08, 2021, 06:06:47 AM
tesla also accepting it as payment for their cars.

not just yet, lets not get ahead of ourselves
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on February 08, 2021, 10:43:29 AM
Quote from: Gitur on February 08, 2021, 07:10:59 AM
not just yet, lets not get ahead of ourselves

ok, will be. Same difference when it comes to speculating on btc.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: B_MyT_2 on February 08, 2021, 01:18:18 PM
Quote from: El Diablo Blanco on February 08, 2021, 06:41:37 AM
Damn, BTC is skyrocketing today.  Fuck.

What's it at now?  Last I saw was 33K.   I just don't get it, but I wish I did and that I would have bought when it first came out.  I'd cash out now, and live happily ever after.  I think an enormous market and housing crash is coming within the 1st year of this administration.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 08, 2021, 03:05:55 PM
Quote from: El Diablo Blanco on February 08, 2021, 06:41:37 AM
Damn, BTC is skyrocketing today.  Fuck.

Wicked strong rally. All time high. Next ATH milestone will be 55k. Everything moving so fast now.

Very poor ETH dip to 1,500. Oh well. In long to October.

Elon snuck in by microstrategy playbook. Game changing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on February 08, 2021, 03:07:32 PM
Wait, so the guy with several companies that don't make a profit is buying money that doesn't actually exist?

I'm shocked I tell ya.  ;D










In all seriousness this is good for BTC. Probably better for Musk though.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 08, 2021, 03:55:16 PM
Quote from: SOMEPARTS on February 08, 2021, 03:07:32 PM
Wait, so the guy with several companies that don't make a profit is buying money that doesn't actually exist?

I'm shocked I tell ya.  ;D

In all seriousness this is good for BTC. Probably better for Musk though.

Possibly provides some evidence as to why there wasn’t a strong pullback to previous years. Perhaps influenced by Elon buying the dip so it wasn’t as savage?

Maybe the 250k price this year is actually going to be correct? That’s a scary thought! 

That would make Gib correct that after pretty much this week BtC, will be out of reach for all average people????  Scary!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 08, 2021, 04:02:22 PM
Elon is smart. He hyped up Bitcoin last week. The price went up. Then Tesla buys Bitcoin at an inflated price. The SEC can't turn around now and say he first bought Bitcoin and then hyped up the price. After all he bought it at the hyped up price. Smart move. Also it is in the interest of large BTC holders that more people get into BTC. Why? If only a few people have all the BTC it becomes less valuable. It is more valuable as more people get invested in it.

I think there's is a chance Bitcoin goes to $100,000 or more this year.

Note: I am assuming they just bought it now. They could have been buying all along. In that case he could be accused of hyping up the asset he got involved in. Is that illegal? Not sure...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 08, 2021, 04:05:00 PM
Quote from: Mayday on February 08, 2021, 03:05:55 PM
Wicked strong rally. All time high. Next ATH milestone will be 55k. Everything moving so fast now.

Very poor ETH dip to 1,500. Oh well. In long to October.

Elon snuck in by microstrategy playbook. Game changing.
Ethereum dropped because of FUD and people were afraid the ETH futures would tank the price. All those weak hands that sold are now regretting it. Stay long. Sell perhaps 25% when the price goes a lot higher and another 25% if it goes even higher. Hold the other 50% long term. Now you are hedged both ways. If the price goes down you can get more Ethereum. If the price goes up you already took profits and can ride it higher.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 08, 2021, 04:09:40 PM
Quote from: gib on February 07, 2021, 08:19:25 PM
Eth is not limited in supply. And for it to succeed it needs to be abundant. Eth facilitates transactions. Its a protocol, not a store of value (or at least was not intended as being one).

"If Bitcoin is Digital Gold then Ethereum could be seen as Digital Oil" - yes true, although that "oil" may be come as abundant as air - indeed it has to for Eth is to ever be broadly adopted. Indeed this was Vatalik's vision. He wanted to solve a problem, not have the eth be used as a speculative commodity. And if there is any significant cost involved, it inherently defeats the entire purpose of Eth, (and then alternatives will of course be used, driving costs of any such functionality down to basically zero).

As for "relative performance", the stats you have posted are correct, although basically nonsense if intended to show that eth might be a good future investment. I can create an alt in minutes with a market cap of .$0001, sell it to another person for $100. That would show "amazing growth", such growth neither would indicate any inherent value or utility of either the coin itself, or any long term future pricing. I can also point to a host of "alts" that have outperformed BTC, most no-one has every heard of and/or which will fade away in the future).

The lower the market cap, the easier it is to show "growth'. But make no doubts it - BTC is the core store of value. Speculative money will flow back and forth from BTC and various alts, but overall all this money in the crypto ecosystem will revert to BTC as the base value.
The proposal is for Ethereum to be limited and it will happen. It will be shitty for miners but good for the price. And mining Ethereum will go away once Proof of Stake is implemented. Ethereum could tap into a market worth tens of trillions. Even 200 million ETH would be very elevated at such a massive market cap.

https://decrypt.co/52157/ethereum-developer-we-are-going-to-burn-a-lot-of-eth
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 08, 2021, 04:15:30 PM
Quote from: gib on February 08, 2021, 02:28:06 AM
If Ethereum ends up succeeding it follows that it will also become essentially worthless. I suggest you read Ethereum’s value proposition, as in the original whitepaper on ethereum.org as follows:

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.

These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property.

This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk.

Note that there is no value proposition for ETH in the official description.

Yes, one could argue that Eth "fees" equate to "gas" - ie - the Ethereum network is like a shared car, and when a contract wants to be driven by the shared car, the car uses up fuel, which you have to pay the driver for. (How much gas money you owe depends on how far you had to be driven, and how much you have made use of the car etc). However, there is no hard requirement in the Etherium platform for "Gas" to actually be present or "consumed" in an Ethereum smart contract.

If all the applications and their transactions can run without ETH, there’s no reason for ETH to be valuable unless the miners collectively enforce some sort of requirement for users to pay in ETH. And if that were to happen, replacing ETH with a more efficient solution would be the inevitable result. And this would be to the disadvantage to existing ETH holders in terms of Eth having any value. Hence the ultimate conclusion to a "valueless" yes widely used protocol.

Again, that it not to mean that Eth (or any alt) can have a short term speculative value. And it also certainly means we will eventually see apps built on the Eth protocol.
I am not sure how you arrive to that conclusion.

Look at Bitcoin's Description. Same can be said about that. Why is there value in BTC based on this but not in ETH? Also you forget the network effect. Institutions and now the stock market are getting into Ethereum. They don't benefit from a depreciating Ethereum value. Ethereum will also transition to a store of value, besides also having utility. I really hope you are wrong and I don't see why Ethereum would go to zero when millions of people are invested in it. If that's your proposition the same thing could happen to Bitcoin. And we have seen the price crash from $20,000 down to $3,000. But the free market corrected the price in time. Partly because the dollar is being devalued.

What is Bitcoin

Bitcoin (BTC) is the first decentralized digital currency that can be sent through the internet globally, without using an intermediary; such as financial institutions, like a (central) bank or agency. The Bitcoin transactions are controlled by many of its users, instead of a few entities. The processing of these transactions is called ‘mining’; new Bitcoin transactions, known as blocks, are added to the record of past transactions on the blockchain. In return, they get awarded with Bitcoin.

The goal of Bitcoin

Bitcoin was invented as a new electronic cash system that’s fully peer-to-peer, with no third party as an intermediary. Bitcoin was created because of a few main concerns of the inventor, like manipulation of the money supply, with inflation as result; profitable monopolies and oligopolies in financial services, such as the high fees for international money transfers; and tracking the money used by people.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 08, 2021, 04:36:51 PM
Keeps going.

Eth picking its nose.

Hopefully goes off tomorrow
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 08, 2021, 04:47:20 PM
Quote from: Theoak* on February 08, 2021, 05:43:28 AM
 

Mr A will internally combust  once amazon,apple facebook, google and the other power houses release their balance sheets  with btc included.

I can't believe how stubborn, pigheaded, self-righteous, closed-minded, and obstinate he was. We were trying to help him, and he just simply refuses to accept reality. Yes he is a little older than most of us, but being around younger people is that you get exposed to new and fresh ideas - that's the whole point.

It would have to be a significant self-owning now for him to see all his comments (each of which I clarified for him over many many posts) be factually and objectively disproven. He even got to the point where he started calling me a psychopath simply for my efforts in trying to help educate him. :)

Anyhow, the good news is there is still lots of time of time to get in early on what will be a multi-decade trend. We still have many slow moving banks, pension funds, Governments, older HNWs etc, who have yet to really make a move into adopting BTC. And as BTC matures, we will have many income earners globally who allocate portions of their paychecks to BTC on a regular basis (or who will choose to be paid in BTC entirely).

Cash is becoming increasingly volatile over time - we can see this by how much the price of USD to buy BTC fluctuates on a daily basis as people start to become increasingly insure of the value of fait currency.

I have said it before. To all GetBiggers - If you can still afford to become a one-coiner, do it now. It may be the most important financial decision you make over the next decade. And it will over time become a key socio-economic distinguisher - where you live, where your kids go to school, where you holiday, what clubs you go to, what healthcare you get, which chicks you get, etc. You will not actually "spend" your BTC, but rather HODL it and have fiat currency extended against it as a security.

Right now, BTC is still largely the asset of intellectuals, the curious, the geeks, the rebellious, the ambitious, the visionaries, the cyberpunks, the hackers. But make no doubt about it. But it is this class who over time will merge and rise to be the new leaders and rulers of the world.

Mr Anabolic, please apologize and accept the help so many of us have tried to give you. Man up and apologize. Embrace the new world and move on.

xxx Blips xxx

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on February 08, 2021, 05:19:38 PM
What do y’all think of this?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 08, 2021, 06:28:02 PM
Quote from: obsidian on February 08, 2021, 04:05:00 PM
Ethereum dropped because of FUD and people were afraid the the ETH futures would tank the price. All those weak hands that sold are now regretting it. Stay long. Sell perhaps 25% when the price goes a lot higher and another 25% if it goes even higher. Hold the other 50% long term. Now you are hedged both ways. If the price goes down you can get more Ethereum. If the price goes up you already took profits and can ride it higher.

I was in that boat and was wrong. The price over the last month rose quickly and the pullback price ends up being higher than if one were to have bought earlier. I did hedge my bet and the second buy in was higher than the initial. Oh well.

I am in for 2025 now. I can’t exit with a 50% tax rate and buy back in cheaper as A 30% pullback isn’t enough. once I have held it for a year my tax rate drops to 25% and even then Selling for a small pullback in price isn’t worth it.

I have added ADA and will keep buying as funds become available.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 08, 2021, 08:39:32 PM
Quote from: Mayday on February 08, 2021, 06:28:02 PM
I was in that boat and was wrong. The price over the last month rose quickly and the pullback price ends up being higher than if one were to have bought earlier. I did hedge my bet and the second buy in was higher than the initial. Oh well.

I am in for 2025 now. I can’t exit with a 50% tax rate and buy back in cheaper as A 30% pullback isn’t enough. once I have held it for a year my tax rate drops to 25% and even then Selling for a small pullback in price isn’t worth it.

I have added ADA and will keep buying as funds become available.

ETH reached an all time high yesterday of about $1775 and is not far behind that now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 08, 2021, 08:56:33 PM
Quote from: obsidian on February 08, 2021, 04:02:22 PM
Elon is smart. He hyped up Bitcoin last week. The price went up. Then Tesla buys Bitcoin at an inflated price. The SEC can't turn around now and say he first bought Bitcoin and then hyped up the price. After all he bought it at the hyped up price. Smart move. Also it is in the interest of large BTC holders that more people get into BTC. Why? If only a few people have all the BTC it becomes less valuable. It is more valuable as more people get invested in it.

I think there's is a chance Bitcoin goes to $100,000 or more this year.

Note: I am assuming they just bought it now. They could have been buying all along. In that case he could be accused of hyping up the asset he got involved in. Is that illegal? Not sure...

Apparently Tesla bought Bitcoin in January.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on February 08, 2021, 10:41:35 PM
Quote from: Griffith on February 08, 2021, 08:56:33 PM
Apparently Tesla bought Bitcoin in January.


Musk hates the SEC, no doubt he was front running this move to give them the finger.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 08, 2021, 11:24:42 PM
Quote from: Griffith on February 08, 2021, 08:56:33 PM
Apparently Tesla bought Bitcoin in January.

Which perhaps we could attribute the lack of a decent pullback and the choppiness during late Jan?

Go further down the rabbit hole and when we see choppiness and price disruption, can we be sure it is a genuine correction or is it the entry of a new market participant using a playbook strategy to entry?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on February 09, 2021, 12:23:23 AM
$ 47,580.71
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 09, 2021, 01:26:05 AM
Ethereum new ATH of just under $1816 as of right now! Not bad maybe Bitboy Crypto was right and it could hit $2000-2500 by Valentine's Day!

Price pullbacks will happen and is apparently considered healthy according to "experts".
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 09, 2021, 01:29:04 AM
Quote from: Griffith on February 08, 2021, 08:56:33 PM
Apparently Tesla bought Bitcoin in January.
Ok. Yeah he can hype up his investments I don't think that's illegal. He could even bad mouth it if he wants the price to drop so he can buy more. Must say it is impressive how much influence he has now. Just a tweet from him moves markets.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 09, 2021, 01:32:15 AM
https://beincrypto.com/eip-1559-send-ethereum-prices-20000/

How EIP-1559 Could Send Ethereum Prices to $20,000

With current average transaction prices hovering around $25, Ethereum is pretty much unusable for the average trader or DeFi user. Predictions Global founder Ryan Berckmans claims that the current level of fees should reflect an asset price of $2,500.

There are plans to alleviate these ridiculously high fees with an anticipated Ethereum Improvement Proposal called EIP-1559. Berckmans suggested that once this happens, potentially sometime later this year, some of the fees will begin accruing to ETH holders through a burning mechanism which could drive its price as high as $20,000.

    1/ Ethereum's fees are a sleeping giant

    Ethereum's fees
    – are currently worth ETH at $2500
    – grew 150x over the past fifteen months
    – begin accruing to ETH holders when EIP-1559 launches later this year

    imo, fees will soon greatly help us get to ETH at $20k. Here's how 👇
    — Ryan Berckmans (@RyanBerckmans) February 8, 2021

Ethereum Fee Burning to Reduce Supply and Gas

In essence, EIP-1559 is a proposal to modify the current fee auction system so that everyone pays just the lowest bid that was included in the block. The fees would be dynamically adjusted depending on network load and demand, which would allow third-party protocols connected to it to automatically set lower and more accurate gas prices.

The proposal would also dynamically burn fees which would also have an effect on the ETH supply. This should eventually reduce issuance over time when proof-of-stake gets underway.

Berckmans argues that this is effectively giving ETH back to holders and not miners as the asset increases in scarcity through fee burns. Additionally, miners currently need to sell their ETH to cover costs, so without this selling pressure, the asset has more room to grow in value.

The prediction is a bold one but the future for Ethereum will not involve mining and will reduce the issuance and supply through ETH 2.0 tokenomics;

“As fees continue to grow, EIP-1559 launches later this year, and Ethereum transitions to proof of stake in two years, the fees accruing to ETH holders seems likely, IMO, to propel ETH to $20k.”

EIP 1559 Testing Underway 

In a recent update on Feb. 5, ConsenSys developer Tim Beiko affirmed that large-state testing was underway;

“We set up a testnet with 100 million accounts and 100 million storage slots and synced 4 Besu + 4 Geth nodes on it, along with a Besu mining node.”

He added that as a first dry-run, the network was ‘spammed’ for an hour and forty-five minutes with transactions using 1-second blocks and between 20-80 million gas per block. “The nodes did not crash.”

A lot more testing is required before this much-needed upgrade is launched, however, but it’s estimated that it will happen before the end of this year.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on February 09, 2021, 04:01:57 AM
🤔
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on February 09, 2021, 04:03:56 AM
Quote from: Mayday on February 08, 2021, 11:24:42 PM


Go further down the rabbit hole and when we see choppiness and price disruption, can we be sure it is a genuine correction or is it the entry of a new market participant using a playbook strategy to entry?

Amazon, google, Apple and Microsoft at least have to counter now, the bloody, fresh kill has been thrown into the biggest shark tank on the planet

... "...digital assets are currently considered indefinite-lived intangible assets under applicable accounting rules, meaning that any decrease in their fair values below our carrying values for such assets at any time subsequent to their acquisition will require us to recognize impairment charges, whereas we may make no upward revisions for any market price increases until a sale, which may adversely affect our operating results in any period in which such impairment occurs...."

read those words carefully, every CFO now has a legal competitive advantage incentive to hodl btc on the balance sheet.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on February 09, 2021, 05:20:39 AM
How is Elon Musk not getting investigated by the SEC?  He shit talks BTC on Twitter and promotes Dogecoin for fun, then all of a sudden drops 1.5 billion on BTC.  Sounds like some serious manipulation going on.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 09, 2021, 06:24:59 AM
Quote from: El Diablo Blanco on February 09, 2021, 05:20:39 AM
How is Elon Musk not getting investigated by the SEC?  He shit talks BTC on Twitter and promotes Dogecoin for fun, then all of a sudden drops 1.5 billion on BTC.  Sounds like some serious manipulation going on.

Those on the inside must have made a killing off this.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 09, 2021, 06:27:39 AM
Quote from: Mayday on February 08, 2021, 11:24:42 PM
Which perhaps we could attribute the lack of a decent pullback and the choppiness during late Jan?

Go further down the rabbit hole and when we see choppiness and price disruption, can we be sure it is a genuine correction or is it the entry of a new market participant using a playbook strategy to entry?

My thoughts as well.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on February 09, 2021, 07:36:00 AM
Quote from: El Diablo Blanco on February 09, 2021, 05:20:39 AM
How is Elon Musk not getting investigated by the SEC?  He shit talks BTC on Twitter and promotes Dogecoin for fun, then all of a sudden drops 1.5 billion on BTC.  Sounds like some serious manipulation going on.

at best, Elon is a massive troll.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on February 09, 2021, 07:36:55 AM
Quote from: FitnessFrenzy on February 09, 2021, 07:36:00 AM
at best, Elon is a massive troll.

as a CEO he has regulations to abide by.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: B_MyT_2 on February 09, 2021, 07:59:37 AM
Quote from: FitnessFrenzy on February 09, 2021, 12:23:23 AM
$ 47,580.71

Good Lord!  I know nothing about this stuff.  What did early investors get in on it at?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 09, 2021, 08:05:50 AM
Quote from: B_MyT_2 on February 09, 2021, 07:59:37 AM
Good Lord!  I know nothing about this stuff.  What did early investors get in on it at?

I remember when I first heard about it in the UK, they cost a few pounds each  :-\
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 09, 2021, 08:15:41 AM
The full research paper from the Federal Reserve Bank of St. Louis:

https://research.stlouisfed.org/publications/review/2021/02/05/decentralized-finance-on-blockchain-and-smart-contract-based-financial-markets

DeFi Offers Exciting Opportunities, St. Louis Federal Reserve Bank Research Says

One of twelve reserve banks in the U.S., the Federal Reserve Bank of St. Louis, has published a detailed and unbiased report to cover the merits and demerits of the rapidly developing sector of decentralized financial protocols (DeFis). In general, researchers are optimistic about DeFi's prospects in the modern financial system.

In terms of tokenized assets and decentralized exchanges, Ethereum (as a token and as a platform) retains supremacy.

Other use cases for decentralized finance include decentralized lending platforms, decentralized derivatives trading ecosystems and on-chain asset management tools.

The research underlines that DeFi instruments provide modern economic institutions with plenty of opportunities. The most notable advantages of decentralized financial protocols include efficiency, transparency and accessibility.

All in all, the impact of DeFi's progress on modern finance is going to be revolutionary, according to the seasoned researcher:

...DeFi may lead to a paradigm shift in the financial industry and potentially contribute toward a more robust, open, and transparent financial infrastructure.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 09, 2021, 09:03:51 AM
https://www.haveeru.com.mv/global-payments-giant-visa-partners-with-ethereum/

Global payments giant Visa partners with Ethereum

Visa, recently announced that it will be connecting its global payments network to the US Dollar Coin (USDC), which is a digital coin developed on the Ethereum blockchain.

This currency is now valued at nearly $3 billion, while Visa’s payment network has over 60 million merchants globally, which could increase the value of the coin by a huge rate, given just how many of them will be using any form of digital currency for the first time, thereby having a huge potential rate of growth.

Visa itself will not be the custodian for the currency, but in partnership with Circle, it will soon begin identifying Visa credit card issuers to start integrating the USDC software into their payment platforms, and therefore start to process payments using the currency.

Over time, businesses will be able to send payments in USDC to any business or merchant globally which is supported by Visa, and once those tokens are converted to the domestic currency, they can then be spent at any merchant which accepts Visa.

The company believes that since USDC will be settled almost instantly on the ethereum blockchain, transaction costs will be virtually zero, while traditional wire transfers can cost up to $50, regardless of transaction size, and so the coin will bring a lot of value for many merchants all over the world.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: B_MyT_2 on February 09, 2021, 09:06:42 AM
Quote from: Griffith on February 09, 2021, 08:05:50 AM
I remember when I first heard about it in the UK, they cost a few pounds each  :-\

Thanks for the reply.  That is insane.  So probably about $10 US each.  So if a person invested just $1,000 for 100 shares at the beginning, they would now be worth almost $5,000,000.  I'd be fine cashing that out now, and assuming no further risk.  Even if it goes to $100,000 a share like some are saying, what's the difference between a $10,000,000 lifestyle vs. that 5 million if you are financially responsible?  You're set for life either way. 

I'll never understand/have compassion for pro athletes, artists, lottery winners, etc. who suddenly become millionaires and go broke.  No one NEEDS a Lambo, mansion, tons of customized worthless jewelry, or a tiger.  LOL!  People just being stupid.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 09, 2021, 02:06:13 PM
Quote from: Griffith on February 09, 2021, 08:05:50 AM
I remember when I first heard about it in the UK, they cost a few pounds each  :-\
When I first heard about them they cost pennies! A friend suggested I get into it and I scoffed and ignored him! Regretting that big time!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 09, 2021, 02:09:37 PM
Quote from: B_MyT_2 on February 09, 2021, 09:06:42 AM
Thanks for the reply.  That is insane.  So probably about $10 US each.  So if a person invested just $1,000 for 100 shares at the beginning, they would now be worth almost $5,000,000.  I'd be fine cashing that out now, and assuming no further risk.  Even if it goes to $100,000 a share like some are saying, what's the difference between a $10,000,000 lifestyle vs. that 5 million if you are financially responsible?  You're set for life either way. 

I'll never understand/have compassion for pro athletes, artists, lottery winners, etc. who suddenly become millionaires and go broke.  No one NEEDS a Lambo, mansion, tons of customized worthless jewelry, or a tiger.  LOL!  People just being stupid.
The average guy that mined 5000-10,000 Bitcoin back in the day sold theirs a long time ago before the prices got as high as they are today. One guy bought two pizzas with over 10,000 bitcoin I recall. A few sold when it hit $100, $500,  $1000 etc.

Very few people just HODL'd all their Bitcoin.

I think the Winkelvoss twins are some of the few that have just been holding. They may have sold a few and then bought more at the bottom. They bought over $11 million Bitcoin when it was $11. So now Tesla buys Bitcoin at $30,000 lol!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 09, 2021, 03:28:19 PM
Quote from: obsidian on February 09, 2021, 02:09:37 PM
The average guy that mined 5000-10,000 Bitcoin back in the day sold theirs a long time ago before the prices got as high as they  They bought over $11 million Bitcoin when it was $11. So now Tesla buys Bitcoin at $30,000 lol!

jesus.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on February 09, 2021, 04:20:11 PM
Quote from: B_MyT_2 on February 09, 2021, 09:06:42 AM
Thanks for the reply.  That is insane.  So probably about $10 US each.  So if a person invested just $1,000 for 100 shares at the beginning, they would now be worth almost $5,000,000.  I'd be fine cashing that out now, and assuming no further risk.  Even if it goes to $100,000 a share like some are saying, what's the difference between a $10,000,000 lifestyle vs. that 5 million if you are financially responsible?  You're set for life either way. 

I'll never understand/have compassion for pro athletes, artists, lottery winners, etc. who suddenly become millionaires and go broke.  No one NEEDS a Lambo, mansion, tons of customized worthless jewelry, or a tiger.  LOL!  People just being stupid.

All due respect but people like you would have sold out a LONG time ago, perhaps even at a loss. This fantasy of you holding onto a 48k bitcoin would have never happened.

People that have held on for this long have been able to do so because they have the temperament necessary and a strong fundamental understanding of the asset in which they own.

You look at the asset MUCH differently after several hundred hours of going down the rabbit hole versus a handful of hours or just reading through some goofy internet forum.

The talking heads on tv, the pointing and sputtering from the no-coin haters, and the shit-coiners with their greedy, flyby night schemes are just irrelevant white noise for the long time HODLers who see the role that Bitcoin is destined to fill as the ultimate digital store of value going forward.

Again my brother, no disrespect
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 09, 2021, 04:42:32 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 09, 2021, 06:33:49 PM
Quote from: Theoak* on February 09, 2021, 04:03:56 AM
Amazon, google, Apple and Microsoft at least have to counter now, the bloody, fresh kill has been thrown into the biggest shark tank on the planet

read those words carefully, every CFO now has a legal competitive advantage incentive to hodl btc on the balance sheet.

Could this be a share price bailout move?

Look at Tesla, apparently crazily overvalued and suddenly BAM into BTC in January at probably 32k blended for 1.5B and now it holds paper value over 2.1B..... a 600M asset value increase in a month on Tesla books. Suddenly that share valuation looks a lot more stable!

Could we see a large run in 2021 for crypto purchases driven by the need to validate and stabilise share prices? Having a few million suddenly appear is an instant bailout and these CEOs only care about paper valuation, they don’t need to sell it, just keep it on the books.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on February 09, 2021, 07:27:38 PM
Quote from: Mayday on February 09, 2021, 06:33:49 PM
Could this be a share price bailout move?

Look at Tesla, apparently crazily overvalued and suddenly BAM into BTC in January at probably 32k blended for 1.5B and now it holds paper value over 2.1B..... a 600M asset value increase in a month on Tesla books. Suddenly that share valuation looks a lot more stable!

Could we see a large run in 2021 for crypto purchases driven by the need to validate and stabilise share prices? Having a few million suddenly appear is an instant bailout and these CEOs only care about paper valuation, they don’t need to sell it, just keep it on the books.


Ding, ding, ding...we have a winner. I'm sure that is what they are thinking and they are just about out of ways to buy back shares, haha. The other benefit is people in crypto are generally going to be Tesla and Apple buyers. I'm sure Musk would sell a few cars to some newly rich nerds if the transaction could be done in crypto.

Flip side of course...your company loses half a billion overnight because of some viral bad news or a legit hack. Are the Apples and Teslas of the world too big to fail like the banks?

Question I have is - why would the Fed would allow another currency to run parallel to the dollar? There has to be a reason. The Fed is buying all asset classes to maintain the paper markets that are no longer tied to reality and earnings. Maybe it will be a sponge for all the printed money or something to blame a crash on. In the atmosphere where those in power just disappear dissent at will I find it hard to believe that BTC is still here at this value without a larger reason.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: B_MyT_2 on February 09, 2021, 08:22:34 PM
Quote from: polychronopolous on February 09, 2021, 04:20:11 PM
All due respect but people like you would have sold out a LONG time ago, perhaps even at a loss. This fantasy of you holding onto a 48k bitcoin would have never happened.

People that have held on for this long have been able to do so because they have the temperament necessary and a strong fundamental understanding of the asset in which they own.

You look at the asset MUCH differently after several hundred hours of going down the rabbit hole versus a handful of hours or just reading through some goofy internet forum.

The talking heads on tv, the pointing and sputtering from the no-coin haters, and the shit-coiners with their greedy, flyby night schemes are just irrelevant white noise for the long time HODLers who see the role that Bitcoin is destined to fill as the ultimate digital store of value going forward.

Again my brother, no disrespect

Non taken.  I don't know shit about trading, and especially don't get cryto currency.  You're wrong though about my strategy.  My 401K was set to the best performing index I could find, and I look at it once a year to make sure it is still the top performing one.  It's been 1 or 2 for 20 years, so I have just left it alone through the ups and downs.  I'm just saying if I knew anything about it and got in at the bottom that yeah, right now I'd feel comfortable selling if I made 5 million vs. hoping it got up to 10 million and risking a crash. 

I live in the midwest, never want to marry, and damn sure ain't having kids at my age so don't need much.  A $500,000 house here is probably worth at least 2-3 million compared to the west coast/big city type places and with more land.  Get a couple nice cars, and my only bills would be utilities, around 5 grand a year in property taxes, along with groceries and such.  I'd be left with well over $4 million to live life out.  Just open a bunch of high interest 3 year cd's that are staggered to come up at different years and under the FDIC insured max, and I could probably just live off of the interest alone.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 09, 2021, 08:45:28 PM
Quote from: SOMEPARTS on February 09, 2021, 07:27:38 PM

Ding, ding, ding...we have a winner. I'm sure that is what they are thinking and they are just about out of ways to buy back shares, haha. The other benefit is people in crypto are generally going to be Tesla and Apple buyers. I'm sure Musk would sell a few cars to some newly rich nerds if the transaction could be done in crypto.

Flip side of course...your company loses half a billion overnight because of some viral bad news or a legit hack. Are the Apples and Teslas of the world too big to fail like the banks?

Question I have is - why would the Fed would allow another currency to run parallel to the dollar? There has to be a reason. The Fed is buying all asset classes to maintain the paper markets that are no longer tied to reality and earnings. Maybe it will be a sponge for all the printed money or something to blame a crash on. In the atmosphere where those in power just disappear dissent at will I find it hard to believe that BTC is still here at this value without a larger reason.

I think you guys overthink things way too much.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 09, 2021, 09:11:07 PM
Quote from: SOMEPARTS on February 09, 2021, 07:27:38 PM
Question I have is - why would the Fed would allow another currency to run parallel to the dollar? There has to be a reason. The Fed is buying all asset classes to maintain the paper markets that are no longer tied to reality and earnings. Maybe it will be a sponge for all the printed money or something to blame a crash on. In the atmosphere where those in power just disappear dissent at will I find it hard to believe that BTC is still here at this value without a larger reason.

I pondered this as well and my conclusion was i think I may have looked at this all wrong.

To set the state of play:

2017 and on many large countries banned crypto due to it’s threat to sovereign currency. The US and a handful allowed it to continue and then increased it’s regulation and legitimacy.

Fast forward to 2021 and We have an utterly fucked global financial system. Record debt for households and govts in general. Zero or negatives rates. No wage growth. High unemployment. Pandemic.

We see loads of QE and a fight against deflation. We see handout stimulus for trickle up economics and working subsidies.

We know the global financial system will be transformed -
Countries will create their own digital coins is confirmed. This is going to be used for those trickle up economic policies and works alongside existing currency. These will be controlled by central banks and can be created instantly and deposited into bank accounts. The impact on the bond market could be massive as not only will huge amounts of spending Bono linger require bonds but the rates are zero or negative.

Move onto Libre which will be a basket of global currencies. Created by an American company and now everybody can do business around the globe. What does this do to the Forex market? Does it even need to exist anymore?

So that puts us looking at a possible massive bond market decline followed by a possible forex market decline. Where does the money go?

Move to crypto where the Americans allowed it to flourish and all the American companies are first on the boat......


Meanwhile all the countries that banned it will be left with a tiny bond market and a tiny forex market and nowhere to make money for their banks.

Enter crypto..... now owned by the Americans and everybody else has to buy from them.......


I don’t want to sound like the tin foil man but what do you guys think?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 09, 2021, 10:07:24 PM
With the recent Tesla example, it would seem that any large company, especially popular tech ones, like Apple or Microsoft, could now buy any cryptocurrency and expect a massive pump in price after the announcement.

Bitcoin saw a near immediate pump of 20%, so as mentioned by Mayday, this near immediate increase in their holdings would look good on their books. And of course if they later decide to sell, any or all of it, they make a huge profit in fiat currency.

Even Elon Musk’s trolling with Dogecoin caused a massive pump and increase in price, which is still ongoing.

ETH is still very affordable to retail investors and especially younger people, so could be another option as well, a slightly different strategy as this would tap into the more casual buyers as well and be low risk for most, as they could buy at least a coin or several.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 09, 2021, 10:31:56 PM
Quote from: Mayday on February 09, 2021, 09:11:07 PM
I pondered this as well and my conclusion was i think I may have looked at this all wrong.

To set the state of play:

2017 and on many large countries banned crypto due to it’s threat to sovereign currency. The US and a handful allowed it to continue and then increased it’s regulation and legitimacy.

Fast forward to 2021 and We have an utterly fucked global financial system. Record debt for households and govts in general. Zero or negatives rates. No wage growth. High unemployment. Pandemic.

We see loads of QE and a fight against deflation. We see handout stimulus for trickle up economics and working subsidies.

We know the global financial system will be transformed -
Countries will create their own digital coins is confirmed. This is going to be used for those trickle up economic policies and works alongside existing currency. These will be controlled by central banks and can be created instantly and deposited into bank accounts. The impact on the bond market could be massive as not only will huge amounts of spending Bono linger require bonds but the rates are zero or negative.

Move onto Libre which will be a basket of global currencies. Created by an American company and now everybody can do business around the globe. What does this do to the Forex market? Does it even need to exist anymore?

So that puts us looking at a possible massive bond market decline followed by a possible forex market decline. Where does the money go?

Move to crypto where the Americans allowed it to flourish and all the American companies are first on the boat......


Meanwhile all the countries that banned it will be left with a tiny bond market and a tiny forex market and nowhere to make money for their banks.

Enter crypto..... now owned by the Americans and everybody else has to buy from them.......


I don’t want to sound like the tin foil man but what do you guys think?

I posted an article above which mentions that Visa will now be accepting USDC, a digital dollar which can be used for purchases across the world, new Visa cards will support it and will be able to be used anywhere, including locally.

I think this will be a huge development, as people especially from emerging markets, will no longer be held hostage to their massively fluctuating, depreciating local currencies and archaic forex and capital control laws which make it difficult to obtain hard currency or even move money abroad.

They could now choose to do business in a hard currency locally, and hedge against currency devaluation and swings in prices when placing orders.

USDC’s are backed to the USD, so perhaps it will be tacitly supported as it would help maintain the USD as the world’s reserve currency and main currency of international business and trade?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on February 09, 2021, 10:43:18 PM
Quote from: Griffith on February 09, 2021, 10:31:56 PM
I posted an article above which mentions that Visa will now be accepting USDC, a digital dollar which can be used for purchases across the world, new Visa cards will support it and will be able to be used anywhere, including locally.

I think this will be a huge development, as people especially from emerging markets, will no longer be held hostage to their massively fluctuating, depreciating local currencies and archaic forex and capital control laws which make it difficult to obtain hard currency or even move money abroad.

They could now choose to do business in a hard currency locally, and hedge against currency devaluation and swings in prices when placing orders.

USDC’s are backed to the USD, so perhaps it will be tacitly supported as it would help maintain the USD as the world’s reserve currency and main currency of international business and trade?


Okay, yes...this is good stuff. The truth is we already have one world money and it is the petrodollar. Any crypto related to the current system makes much more sense both for the stability and the chances that it will transition slowly. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on February 09, 2021, 10:44:24 PM
Quote from: Bindare_Dundat on February 09, 2021, 08:45:28 PM
I think you guys overthink things way too much.



Cult followers don't think much.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on February 09, 2021, 11:05:03 PM
Quote from: Mayday on February 09, 2021, 09:11:07 PM
I pondered this as well and my conclusion was i think I may have looked at this all wrong.

To set the state of play:

2017 and on many large countries banned crypto due to it’s threat to sovereign currency. The US and a handful allowed it to continue and then increased it’s regulation and legitimacy.

Fast forward to 2021 and We have an utterly fucked global financial system. Record debt for households and govts in general. Zero or negatives rates. No wage growth. High unemployment. Pandemic.

We see loads of QE and a fight against deflation. We see handout stimulus for trickle up economics and working subsidies.

We know the global financial system will be transformed -
Countries will create their own digital coins is confirmed. This is going to be used for those trickle up economic policies and works alongside existing currency. These will be controlled by central banks and can be created instantly and deposited into bank accounts. The impact on the bond market could be massive as not only will huge amounts of spending Bono linger require bonds but the rates are zero or negative.

Move onto Libre which will be a basket of global currencies. Created by an American company and now everybody can do business around the globe. What does this do to the Forex market? Does it even need to exist anymore?

So that puts us looking at a possible massive bond market decline followed by a possible forex market decline. Where does the money go?

Move to crypto where the Americans allowed it to flourish and all the American companies are first on the boat......


Meanwhile all the countries that banned it will be left with a tiny bond market and a tiny forex market and nowhere to make money for their banks.

Enter crypto..... now owned by the Americans and everybody else has to buy from them.......


I don’t want to sound like the tin foil man but what do you guys think?



I think some people understand that Satoshi Nakamoto is probably a pen name for an American Corp, American/Central Bank or an American alphabet agency.  ;)

USA allowing crypto enables capital to flow, even if it ends up being a beta test for something else. Why let anarcho-capitalist money exist right under their noses? You can't even transact 10k at the bank without generating an IRS report. Something is off here.

The bond market is the elephant in the room, anything they can do to transition or reset away from derivatives would be beneficial given how screwed up the whole thing is.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 10, 2021, 02:42:00 AM
Quote from: SOMEPARTS on February 09, 2021, 11:05:03 PM


I think some people understand that Satoshi Nakamoto is probably a pen name for an American Corp, American/Central Bank or an American alphabet agency.  ;)

USA allowing crypto enables capital to flow, even if it ends up being a beta test for something else. Why let anarcho-capitalist money exist right under their noses? You can't even transact 10k at the bank without generating an IRS report. Something is off here.

The bond market is the elephant in the room, anything they can do to transition or reset away from derivatives would be beneficial given how screwed up the whole thing is.

Imagine Americans looking like they are about to lose super power status only to emerge as the strongest country on the planet?

If the bond market and forex market go, crypto is the new emerging market and China will come to the door begging to be let in.

I won’t be surprised to see ETh hit 3k this month.

I am already in ADA. The 3rd-5th market places are incredibly important and XRP has caused a significant lag due to it’s legal problems. I think a new 3rd place will have a ballistic rally this year as it will close ground to ETH.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 10, 2021, 04:21:39 AM
If any of the following happen we could be well on our way to seeing 50+K BTC.

Larry Ellison confirms he is onboard. 50K easy.
Buffett and/or Apple confirm they are onboard. 100K easy.

Still very early days, but exciting times nevertheless.

Oh, and for those who say US will dominate BTC, trust me on this - China is rapidly and stealthily accumulating Bitcoin. And by China, I mean the CCP, as well as CCP funded or sponsored companies and Chinese agencies.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 10, 2021, 04:25:21 AM
Quote from: Griffith on February 09, 2021, 10:07:24 PM

ETH is still very affordable to retail investors and especially younger people, so could be another option as well, a slightly different strategy as this would tap into the more casual buyers as well and be low risk for most, as they could buy at least a coin or several.

Sats are still very affordable to retail investors and especially younger people, so could be another option as well... :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 10, 2021, 04:28:13 AM
Quote from: gib on February 10, 2021, 04:25:21 AM
Sats are still very affordable to retail investors and especially younger people, so could be another option as well... :)

Most people would rather own a full coin or several coins, and Ethereum makes that a very affordable option for retail investors and especially younger people.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on February 10, 2021, 04:28:23 AM
(https://www.flowbank.com/hubfs/EtxPeGeWQAA499y.png)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: B_MyT_2 on February 10, 2021, 04:33:46 AM
Quote from: gib on February 10, 2021, 04:21:39 AM
If any of the following happen we could be well on our way to seeing 50+K BTC.

Larry Ellison confirms he is onboard. 50K easy.
Buffett and/or Apple confirm they are onboard. 100K easy.

Still very early days, but exciting times nevertheless.

Oh, and for those who say US will dominate BTC, trust me on this - China is rapidly and stealthily accumulating Bitcoin. And by China, I mean the CCP, as well as CCP funded or sponsored companies and Chinese agencies.

I just don't get it?  It's not tangible like cash or a credit/debit card.  How do you spend it a $47,000 "dollar bill" and make sure you get your change.  Someone earlier said that someone in the UK gave a whole bit coin on accident for a burger or something.

I started watching some vids on YT about it, and the volatility....some swear it's going up, some say it's doomed to crash.  I don't understand how you spend something that has an ever changing value.  The second thing that was peculiar to me is that one vid mentioned how PayPal had started taking it, but the turn around and turn it into USD on their side right away specifically because of the volatility of it.  So confusing?  Seems like only techies, and very knowledgeable people in the markets understand it.

And I agree with you that the CCP is probably buying the shit out of it with one of their shell companies in the U.S.  It's too bad our lawmakers don't start actually making anti-corruption, fraud, and electoral mandates instead of pursuing a vendetta against someone they've already "defeated"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on February 10, 2021, 05:15:59 AM
Quote from: SOMEPARTS on February 09, 2021, 11:05:03 PM


I think some people understand that Satoshi Nakamoto is probably a pen name for an American Corp, American/Central Bank or an American alphabet agency.  ;)

USA allowing crypto enables capital to flow, even if it ends up being a beta test for something else. Why let anarcho-capitalist money exist right under their noses? You can't even transact 10k at the bank without generating an IRS report. Something is off here.

The bond market is the elephant in the room, anything they can do to transition or reset away from derivatives would be beneficial given how screwed up the whole thing is.

Don’t you think that if governments get a hold of it fully they’ll eventually take the scarcity out of the equation. That’s the whole point of a Fiat currency so that they can spend endlessly.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 10, 2021, 05:44:17 AM
Quote from: B_MyT_2 on February 10, 2021, 04:33:46 AM
I just don't get it?  It's not tangible like cash or a credit/debit card.  How do you spend it a $47,000 "dollar bill" and make sure you get your change.  Someone earlier said that someone in the UK gave a whole bit coin on accident for a burger or something.

I started watching some vids on YT about it, and the volatility....some swear it's going up, some say it's doomed to crash.  I don't understand how you spend something that has an ever changing value.  The second thing that was peculiar to me is that one vid mentioned how PayPal had started taking it, but the turn around and turn it into USD on their side right away specifically because of the volatility of it.  So confusing?  Seems like only techies, and very knowledgeable people in the markets understand it.

And I agree with you that the CCP is probably buying the shit out of it with one of their shell companies in the U.S.  It's too bad our lawmakers don't start actually making anti-corruption, fraud, and electoral mandates instead of pursuing a vendetta against someone they've already "defeated"

You don't have to spend or even buy an entire bitcoin or any crypocurrency, you could buy or spend a tiny amount of it, for instance 0.00000001 of BTC or whatever.

Bitcoin was originally intended as a digital currency, but failed in this regard due to the rising volatility and also very slow transaction rates and high fees for small transactions which made it impractical. There were instances of people buying something, and then paying more in fees than the price of the purchase.

I remember when it first came out people were using it to buy pizzas and takeaways, it was more of a novelty, but at the time showed no advantage over using a debit card or cash, except that payments could not be traced and so it was used for purchases on the darkweb. For a while, this was what it was quite famous for.

It was only when the prices went up that the 'store of value' narrative began and later the 'digital gold' concept was also added.

Their white paper might state differently, but this was the view of it, as I remember at the time, from reading news articles and talking to people about it, some of whom had bought and used as well.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 10, 2021, 05:49:11 AM
Quote from: gib on February 10, 2021, 04:21:39 AM
If any of the following happen we could be well on our way to seeing 50+K BTC.

Larry Ellison confirms he is onboard. 50K easy.
Buffett and/or Apple confirm they are onboard. 100K easy.

Still very early days, but exciting times nevertheless.

Oh, and for those who say US will dominate BTC, trust me on this - China is rapidly and stealthily accumulating Bitcoin. And by China, I mean the CCP, as well as CCP funded or sponsored companies and Chinese agencies.

The CCP and probably North Korea and Iran too.

On a side note, the UN World Food Agency uses Ethereum to help feed millions of people around the world  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on February 10, 2021, 06:07:35 AM
Quote from: Mayday on February 09, 2021, 09:11:07 PM
I pondered this as well and my conclusion was i think I may have looked at this all wrong.

To set the state of play:

2017 and on many large countries banned crypto due to it’s threat to sovereign currency. The US and a handful allowed it to continue and then increased it’s regulation and legitimacy.

Fast forward to 2021 and We have an utterly fucked global financial system. Record debt for households and govts in general. Zero or negatives rates. No wage growth. High unemployment. Pandemic.

We see loads of QE and a fight against deflation. We see handout stimulus for trickle up economics and working subsidies.

We know the global financial system will be transformed -
Countries will create their own digital coins is confirmed. This is going to be used for those trickle up economic policies and works alongside existing currency. These will be controlled by central banks and can be created instantly and deposited into bank accounts. The impact on the bond market could be massive as not only will huge amounts of spending Bono linger require bonds but the rates are zero or negative.

Move onto Libre which will be a basket of global currencies. Created by an American company and now everybody can do business around the globe. What does this do to the Forex market? Does it even need to exist anymore?

So that puts us looking at a possible massive bond market decline followed by a possible forex market decline. Where does the money go?

Move to crypto where the Americans allowed it to flourish and all the American companies are first on the boat......


Meanwhile all the countries that banned it will be left with a tiny bond market and a tiny forex market and nowhere to make money for their banks.

Enter crypto..... now owned by the Americans and everybody else has to buy from them.......


I don’t want to sound like the tin foil man but what do you guys think?

Hmmm...

If the big banks (JPM, Goldman and family) all seek out custody of BTC and start to hold positions in it, I wouldn't be surprised if this is all part of a big play. Many already believe that the shareholders of the Federal Reserve are likely the same heads of the big banks themselves. If this is the case, I can certainly see a moment in the VERY near future where the US Dollar collapses and digital currency, with the backing of the FED and the big banks, becomes the new reserve currency. It's a stretch, but it wouldn't surprise me in the slightest bit. The FED + the Big Banks all profit tremendously from US Debt transacted via the US Dollar.

Remember, out of the close to 800 FIAT currencies that have existed, there has been a 100% failure rate to them ALL. No FIAT currency has ever stood the test of time. Since the US dollar was unpegged from Gold and is now simply surviving off of the "trust" of the people (domestically & internationally), I wouldn't be surprised if a collapse is imminent. QE will continue and as more and more pumping of money continues, the people will slowly start to feel safer and more eager to spend (why not? there's so much free money). When the public spending starts, velocity to money will undoubtedly increase and inflation (possibly hyperinflation) will ensue.

We saw this before in Greece, Germany and many other places. We are not impervious to the effects of greed & exorbitant debt, not to mention that this US world order is long overdue for a collapse. Since 1945, this country has ridden the long-term debt cycle wave and it's about to implode.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 10, 2021, 08:12:59 AM
https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-aims-for-2-000-as-whales-continue-to-accumulate-even-more-coins-202102101427

Ethereum whales go into buying frenzy suggesting massive gains ahead

Ethereum price reached a market capitalization of over $200 billion for the first time ever after hitting a new all-time high price of $1,837 on Wednesday.

Ethereum price can quickly jump to $2,000

Despite the significant increase in value, Ethereum holders have continued to accumulate even more coins in the past two weeks. The number of large holders with 100,000 to 1,000,000 coins has jumped by six since February 6.

Additionally, the number of whales holding at least 1,000,000 coins and at most 10,000,000 also increased by one in the past week.

The Eth2 deposit contract now holds 3.018 million ETH coins worth over $5.3 billion. The number of ETH coins locked in DeFi protocols has also hit 7.25 million, a number not seen since November 2020.  With this in mind, Ethereum bulls aim for $2,000 next as there are no significant barriers on the way up.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 10, 2021, 02:49:15 PM
Guys, please watch this video and let me know what you think. I was one of those hodlers in 2017 riding all the way to the top and down to the bottom and never took profits. So I never bought in at the bottom. Don't want to be in that position again. I know GIB was smarter and cashed out only to buy the dip again. Someone with 5000 BTC won't care if it crashes a lot because it will go up again.

Also check this youtube comment:

Utah Get Me 2
1 day ago
yep definitely right imo, also think these crypto's are only being allowed because they are not physical asset's, the central bankers and Fed are buying up the entire world of physical assets right now with money created from nothing while people pile into digital assets with no backing! seems like the ultimate scam! people will own nothing but they wont be happy

Did Elon Musk & Tesla Just Ignite A Monster Rally Or Market Top?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 10, 2021, 02:51:58 PM
^^^^^^^^^^^
Regarding the video above, one thing he is overlooking is the government is printing a ton of money and giving it away. So the crypto bull cycle is propped up by inflation.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 10, 2021, 04:01:47 PM
Quote from: OneMoreRep on February 10, 2021, 06:07:35 AM
Hmmm...

If the big banks (JPM, Goldman and family) all seek out custody of BTC and start to hold positions in it, I wouldn't be surprised if this is all part of a big play. Many already believe that the shareholders of the Federal Reserve are likely the same heads of the big banks themselves. If this is the case, I can certainly see a moment in the VERY near future where the US Dollar collapses and digital currency, with the backing of the FED and the big banks, becomes the new reserve currency. It's a stretch, but it wouldn't surprise me in the slightest bit. The FED + the Big Banks all profit tremendously from US Debt transacted via the US Dollar.

Remember, out of the close to 800 FIAT currencies that have existed, there has been a 100% failure rate to them ALL. No FIAT currency has ever stood the test of time. Since the US dollar was unpegged from Gold and is now simply surviving off of the "trust" of the people (domestically & internationally), I wouldn't be surprised if a collapse is imminent. QE will continue and as more and more pumping of money continues, the people will slowly start to feel safer and more eager to spend (why not? there's so much free money). When the public spending starts, velocity to money will undoubtedly increase and inflation (possibly hyperinflation) will ensue.

We saw this before in Greece, Germany and many other places. We are not impervious to the effects of greed & exorbitant debt, not to mention that this US world order is long overdue for a collapse. Since 1945, this country has ridden the long-term debt cycle wave and it's about to implode.

"1"

in this thread just as the pandemic broke, the QE method was discussed as to how the world would begin a bailout. Nearly 1 year later and we can see the impact for the US where the Index started at 99 and has fallen to 91, pretty much a 10% decline in one year. To be fair, the US Index spent many years in the 75-85 region prior to now so a reading of 91 is actually significantly higher than it was in the decade prior. The US has a stronger currency today than in 2010.

The IMF are talking of doing a one off devaluation. Something like a 50% currency injection in one year to cause inflation using trickle up economics. Doing in unison means nobody would really gain an advantage in terms of trade. Apparently it’s going to happen in 2021. After that I believe they will lock around 2% annual. So they are going for a hard kickstart instead of a prolonged period. Makes sense.


1973-1980 we saw roughly 16% average annual M3 expansion which came with a 12% Annual GDP, 11.7% Annual CPI, a gold price increase of 460% over the whole period and a wage inflation of 100% meaning consumer debt devaluation of 50%.

I think the monetary system has survived many hard times and the result is transformations over rather than a complete collapse. The Germans post war was a scenario where they were physically destroyed and overwhelmed by debt. impossible to get out of and all alone with really no hope to get out of. This is a global scenario and we are intact so I feel it’s a very different problem we face than post war.

I know people are crazy scared of inflation but what would you pick if given the option?
1) double wage. Halve debt value but you can’t afford big TVs, expensive phones, holidays
2) no wage growth and risk of lower wages. Debt remains as full term loan. Can afford the luxuries but risk of higher unemployment.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on February 11, 2021, 02:20:33 AM
Quote from: OneMoreRep on February 10, 2021, 04:33:37 PM
Less concerned with the dollar index, because so as long as the USD is the world reserve currency, it will always lead against the euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc. What I believe the world is noticing is that the US is printing itself into a hole. We are meeting all the necessary requirements to be on our way to a massive deleveraging of our debt. When that happens, it will be a very sad time.

sad because you think the dollar will continue to go down in value?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 11, 2021, 04:33:09 AM
Just like in Ready Player One, people are now buying 'virtual properties'. Non-Fungible Tokens (NFT), including digital art and collectibles seems to be a new trend.

https://www.coindesk.com/axie-infinity-virtual-land-record-eth-sale

Virtual Property Sells for $1.5M in Ether, Smashing NFT Record

The eye-popping 888 ETH virtual land sale is said to mark the largest NFT transaction of all time.

A piece of virtual land on blockchain marketplace and gaming platform Axie Infinity has just sold for a record-breaking sum in cryptocurrency.

At around 23:00 UTC on Monday, one of the platform’s newest community members, “Flying Falcon,” purchased the digital estate of nine adjacent Genesis blocks for 888.25 ether, roughly $1.5 million at the time.

The transaction marks the largest non-fungible token (NFT) transaction of all time, superseding the previous $800,000 record set by Polyient Games and their purchase of “the Citadel of the Sun” from Gala Games.

“As Genesis land plots are the rarest and best-positioned plots in Axie Infinity they were a natural fit for my thesis,” Flying Falcon told CoinDesk via email. “What we’re witnessing is a historic moment; the rise of digital nations with their own system of clearly delineated, irrevocable property rights.”

While the “epic 9” plot is by far the NFT sector’s largest sale to date, there are roughly three other plots going for much higher: from 100 to 10,000 ETH.

“As the largest digital land sale ever, this marks a significant development in the short history of NFTs,” the seller, Danny (who preferred not to provide a surname), told CoinDesk. “Virtual economies will be the new frontier for an increasingly digital world.”

The virtual land assets will be used for an upcoming game mode known as Axie Land, aka Project K.

Danny recently purchased a rare Hashmasks digital artwork for 420 ETH (around $650,000 at the time of purchase, as CoinDesk reported last week.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 11, 2021, 04:44:14 AM
Quote from: El Diablo Blanco on February 09, 2021, 05:20:39 AM
How is Elon Musk not getting investigated by the SEC?  He shit talks BTC on Twitter and promotes Dogecoin for fun, then all of a sudden drops 1.5 billion on BTC.  Sounds like some serious manipulation going on.

https://www.telegraph.co.uk/technology/2021/02/09/elon-musk-faces-sec-probe-teslas-15bn-bitcoin-bet/

Elon Musk could face SEC probe over Tesla’s $1.5bn Bitcoin bet

Billionaire tech mogul Elon Musk could face the wrath of regulators after ramping up the price of bitcoin just days before Tesla revealed a $1.5bn (£1.1bn) bet on the cryptocurrency....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on February 11, 2021, 05:10:26 AM
Quote from: FitnessFrenzy on February 11, 2021, 02:20:33 AM
sad because you think the dollar will continue to go down in value?

Yes. Sad because it hyperinflation ensues, it will mark the end of the US as the dominant world order.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 11, 2021, 05:27:00 AM
Another crazy morning
New btc high
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: B_MyT_2 on February 11, 2021, 05:28:36 AM
Quote from: OneMoreRep on February 11, 2021, 05:10:26 AM
Yes. Sad because it hyperinflation ensues, it will mark the end of the US as the dominant world order.

"1"

I don't care about whether we are the dominant world order, as I'm starting to not believe we are any more anyhow.  What I care about is not paying $7-8 per gallon for gas when I had gotten used to $1.89/gallon, and not having to wait in breadlines. 


OMR, do you and all these other guys in this thread posting such detailed info work in investments/financing or just learned it on the side?  Any good foundational books for investing you'd recommend to learn how to invest on my own outside my 401K?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on February 11, 2021, 05:33:00 AM
Quote from: B_MyT_2 on February 11, 2021, 05:28:36 AM
OMR, do you and all these other guys in this thread posting such detailed info work in investments/financing or just learned it on the side?  Any good foundational books for investing you'd recommend to learn how to invest on my own outside my 401K?

buy and hold index funds such as VTSAX
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 11, 2021, 05:35:32 AM
More banks announce their involvement in BTC. The momentum is building faster and faster.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: B_MyT_2 on February 11, 2021, 05:38:59 AM
Quote from: FitnessFrenzy on February 11, 2021, 05:33:00 AM
buy and hold index funds such as VTSAX

Do I just do that through a company like Schwab, or somehow on my own with no fees?

Thanks for the reply!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on February 11, 2021, 06:07:23 AM
America's Oldest Bank BNY Mellon Will Now Support Bitcoin

The oldest bank in America will now be storing Bitcoin on behalf of its clients, according to a report.

 BNY Mellon, the oldest bank in America, will be adding support for Bitcoin on behalf of its asset-management clients, according to the Wall Street Journal. The bank will store and transfer Bitcoin and other digital currencies.

Roman Regelman, chief executive of BNY Mellon’s asset-servicing and digital businesses, said, “Digital assets are becoming part of the mainstream.”

According to the report, the bank plans to enable cryptocurrencies to flow through the same systems that it uses for its traditional currencies and stocks. It has created a prototype for doing this and is engaging with clients to see if they want to use it.

Regelman reportedly said that the bank plans to treat cryptocurrencies in the same way as traditional assets. This shows that rather than exist outside of the system—cryptocurrencies can work alongside the current financial system.

Bitcoin has recently gone through a transition from a niche asset to a mainstream, institutional-led one. With the lack of a Bitcoin ETF, Grayscale Investments has been filling the gap, providing institutional investors with a regulated way of getting exposure to Bitcoin, and other coins, via its trusts.
Elon Musk's Tesla Has Invested $1.5 Billion Into Bitcoin

Tesla has invested $1.5 billion into Bitcoin, according to an SEC filing today. "Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy and may acquire and hold digita...

Furthermore, companies have started putting Bitcoin on their balance sheet. MicroStrategy started the trend and now has a balance of around $3 billion in Bitcoin. Earlier this week, Tesla announced that it had followed suit, with a $1.5 billion Bitcoin purchase. Both purchases making it clear that Bitcoin is too big for banks to ignore—and something they are starting to embrace instead.

 https://decrypt.co/57411/americas-oldest-bank-bny-mellon-will-now-support-bitcoin
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on February 11, 2021, 06:25:42 AM
Quote from: B_MyT_2 on February 11, 2021, 05:38:59 AM
Do I just do that through a company like Schwab, or somehow on my own with no fees?

Thanks for the reply!

VTSAX is cheap. Look up "Vtsax" on youtube for more info. You should be able to buy it from most banks (investment accounts) yourself.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on February 11, 2021, 07:08:11 AM
Quote from: B_MyT_2 on February 11, 2021, 05:28:36 AM
I don't care about whether we are the dominant world order, as I'm starting to not believe we are any more anyhow.  What I care about is not paying $7-8 per gallon for gas when I had gotten used to $1.89/gallon, and not having to wait in breadlines.

Oil is a tough one, in the sense that during the current time frame (between now and the next 5-10 years) prices can go either way. So, clearly with this push towards the green new deal that looks to combat climate change by creating millions of high-wage jobs in new green industries & transition our energy system towards alternative/renewable forms of energy, oil/gas will become a "thing" of the past. I foresee it slowly going into extinction sometime around 2030-35, as that's the timeframe that most big countries (USA, India, UK etc) & companies have set for full submersion into a zero-carbon reality. The big oil companies know that the writing is on the wall. So, I think it's fair to say that they will aim towards maximizing their profits during these last 5-10 years before the world makes a shift towards electric everything. The way for them to do this is to increase prices and possibly use the eleventh-hour profits to transition into a new industry or even the renewable energy sector itself.

Quote from: B_MyT_2 on February 11, 2021, 05:28:36 AM
OMR, do you and all these other guys in this thread posting such detailed info work in investments/financing or just learned it on the side?  Any good foundational books for investing you'd recommend to learn how to invest on my own outside my 401K?

I am a Certified Public Accountant (CPA) with experience in both financial and managerial accounting sectors + public taxation. I have a couple of business degrees (BS w/ double major in Accounting & Finance + MBA in Accounting + CPA). At this point in my life, I only work doing quarterly taxes for small-moderate sized businesses and also do yearly taxes for a small group of public clientele (people I've known for 20+ years).

There are many day traders here that mess around with standard platforms for trading (TD Ameritrade, Fidelity, E-TRADE, Interactive Brokers etc). There are some guys here that are active retail traders that likely work for some of the big banks (JP Morgan, Citigroup, BOA, Wells, US Bancorp, Goldman). I can tell that much because I've worked for some of the big financial institutions as a staff accountant doing the books after trades and can spot a retail trader from a mile away. I do not believe anyone on here is an institutional trader (I could be wrong), as their language is typically very different from what most retail guys use. Usually, institutional traders are incredibly well versed in finance, macro/micro economics, domestic/international trade and market forecasting. Think of institutional traders as the guys/girls that move heavy volume of money for major financial institutions and hedge funds.

I can recommend some books, but please realize I am an ultra conservative investor. I am not a cowboy or as risky/speculative as some of my friends here within this thread. I am an investor in the market, not a trader. I stick with Index Funds & ETF's via Vanguard. I diversify my portfolio by allocating my funds towards Index Funds, domestic & international ETFs, Corporate & US Gov't Bonds, Hard Assets (Residential real estate), Rent-to-own mortgages between my tenants & I and via whole-life insurance. Notice how I didn't say day-trading, options trading, shorting stocks, because that's what most guys here are referring to and find fun, but it's very risky.

If you still want book recommendations, I can gladly give you my top 5-10 books to understand the financial markets & economics, but consider the source, as I am the grandpa in the bunch here.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on February 11, 2021, 07:20:01 AM
SEC Should Monitor Tesla’s Elon Musk for Market Manipulation: Roubini

The U.S. Securities and Exchange Commission should be “looking to people” like Tesla CEO Elon Musk for market manipulation following the electric car maker’s recent decision to put bitcoin on its balance sheet, according to economist and prominent bitcoin critic Nouriel Roubini.

Musk has been tweeting about bitcoin and dogecoin in recent weeks, at one point updating the bio of his popular Twitter profile to “#bitcoin.” Tesla filed its annual 10-K report with the U.S. Securities and Exchange Commission Monday, saying it purchased about $1.5 billion worth of bitcoin in January.

The New York University economics professor similarly criticized MicroStrategy CEO Michael Saylor’s “irresponsible behavior” for converting a significant portion of the business intelligence firm’s cash reserves to bitcoin considering the cryptocurrency’s volatility. MicroStrategy currently holds 71,079 BTC, according to an SEC filing last week.

In an interview on CoinDesk TV‘s First Mover, Roubini warned bitcoin could “collapse” if Tether, the issuer of the tether (USDT) stablecoin, and crypto exchange Bitfinex are indicted this year. Tether has an eye-popping $31 billion market capitalization, and is subject to multiple ongoing investigations, including from the U.S. Department of Justice and the New York Attorney General’s office. At the center of the DOJ’s criminal investigation into Tether as an organization is whether or not USDT is used to inflate the cryptocurrency markets.

Bitfinex claimed last Friday it repaid the remaining balance of a $550 million loan to its sister firm, Tether. In 2018, the exchange borrowed over $600 million from Tether, with which it shares executives and ownership. The transaction was made public in April 2019 after the New York Attorney General’s Office alleged Bitfinex lost $850 million in customer and corporate funds to payment processor Crypto Capital Corp., and used funds from Tether’s reserve to secretly cover the shortfall.

Roubini predicts the world will eventually “phase out cash” and the U.S. will create an “e-dollar.” Central bank digital currencies will allow central bankers to swiftly maneuver monetary policy, he said, and normalize negative rates in times of economic crisis.

https://finance.yahoo.com/news/sec-monitor-tesla-elon-musk-063109452.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on February 11, 2021, 07:26:06 AM
Quote from: DooM_ on February 11, 2021, 07:20:01 AM
SEC Should Monitor Tesla’s Elon Musk for Market Manipulation: Roubini

Did you hear about how Musk's buying into Bitcoin with Tesla stockholder money might have been a distraction move to keep people from noticing the quality problems Tesla is having in China?

https://www.reuters.com/article/us-tesla-china-idUSKBN2A818V (https://www.reuters.com/article/us-tesla-china-idUSKBN2A818V)

https://markets.businessinsider.com/currencies/news/big-short-investor-michael-burry-questions-tesla-bitcoin-dogecoin-bubble-2021-2-1030059706 (https://markets.businessinsider.com/currencies/news/big-short-investor-michael-burry-questions-tesla-bitcoin-dogecoin-bubble-2021-2-1030059706)

https://www.coindesk.com/china-questioning-tesla-bitcoin-happened (https://www.coindesk.com/china-questioning-tesla-bitcoin-happened)

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 11, 2021, 07:29:28 AM
Quote from: DooM_ on February 11, 2021, 07:20:01 AM
SEC Should Monitor Tesla’s Elon Musk for Market Manipulation: Roubini

The U.S. Securities and Exchange Commission should be “looking to people” like Tesla CEO Elon Musk for market manipulation following the electric car maker’s recent decision to put bitcoin on its balance sheet, according to economist and prominent bitcoin critic Nouriel Roubini.

Musk has been tweeting about bitcoin and dogecoin in recent weeks, at one point updating the bio of his popular Twitter profile to “#bitcoin.” Tesla filed its annual 10-K report with the U.S. Securities and Exchange Commission Monday, saying it purchased about $1.5 billion worth of bitcoin in January.

The New York University economics professor similarly criticized MicroStrategy CEO Michael Saylor’s “irresponsible behavior” for converting a significant portion of the business intelligence firm’s cash reserves to bitcoin considering the cryptocurrency’s volatility. MicroStrategy currently holds 71,079 BTC, according to an SEC filing last week.

In an interview on CoinDesk TV‘s First Mover, Roubini warned bitcoin could “collapse” if Tether, the issuer of the tether (USDT) stablecoin, and crypto exchange Bitfinex are indicted this year. Tether has an eye-popping $31 billion market capitalization, and is subject to multiple ongoing investigations, including from the U.S. Department of Justice and the New York Attorney General’s office. At the center of the DOJ’s criminal investigation into Tether as an organization is whether or not USDT is used to inflate the cryptocurrency markets.

Bitfinex claimed last Friday it repaid the remaining balance of a $550 million loan to its sister firm, Tether. In 2018, the exchange borrowed over $600 million from Tether, with which it shares executives and ownership. The transaction was made public in April 2019 after the New York Attorney General’s Office alleged Bitfinex lost $850 million in customer and corporate funds to payment processor Crypto Capital Corp., and used funds from Tether’s reserve to secretly cover the shortfall.

Roubini predicts the world will eventually “phase out cash” and the U.S. will create an “e-dollar.” Central bank digital currencies will allow central bankers to swiftly maneuver monetary policy, he said, and normalize negative rates in times of economic crisis.

https://finance.yahoo.com/news/sec-monitor-tesla-elon-musk-063109452.html

Roubinni is one salty mofo
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: evacnam on February 11, 2021, 08:51:07 AM
oh my
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on February 11, 2021, 09:00:59 AM
Quote from: OneMoreRep on February 11, 2021, 07:26:06 AM
Did you hear about how Musk's buying into Bitcoin with Tesla stockholder money might have been a distraction move to keep people from noticing the quality problems Tesla is having in China?

https://www.reuters.com/article/us-tesla-china-idUSKBN2A818V (https://www.reuters.com/article/us-tesla-china-idUSKBN2A818V)

https://markets.businessinsider.com/currencies/news/big-short-investor-michael-burry-questions-tesla-bitcoin-dogecoin-bubble-2021-2-1030059706 (https://markets.businessinsider.com/currencies/news/big-short-investor-michael-burry-questions-tesla-bitcoin-dogecoin-bubble-2021-2-1030059706)

https://www.coindesk.com/china-questioning-tesla-bitcoin-happened (https://www.coindesk.com/china-questioning-tesla-bitcoin-happened)

"1"

did not know that, had a look now at those links , very interesting . . .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on February 11, 2021, 09:07:12 AM
Quote from: Bindare_Dundat on February 11, 2021, 07:29:28 AM
Roubinni is one salty mofo

roubinni is good friends with yellen , today she complained again about the misuse of cryptocurrencies saying they're a  " a growing problem " and linking them to terrorism and criminal activity :

"I see the promise of these new technologies, but I also see the reality: cryptocurrencies have been used to launder the profits of online drug traffickers; they've been a tool to finance terrorism."

Federal law enforcement officials are also investigating whether or not bitcoin was used to fund domestic terrorism in the U.S., after a now-deceased French blogger sent $522,000 in bitcoin to far-right figures who may have been present at the U.S. Capitol insurrection on Jan. 6.

'' domestic terrorism '' lmao

https://www.coindesk.com/crypto-use-in-terrorism-a-growing-problem-yellen-says
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 11, 2021, 12:43:24 PM
Quote from: DooM_ on February 11, 2021, 09:07:12 AM
roubinni is good friends with yellen , today she complained again about the misuse of cryptocurrencies saying they're a  " a growing problem " and linking them to terrorism and criminal activity :

"I see the promise of these new technologies, but I also see the reality: cryptocurrencies have been used to launder the profits of online drug traffickers; they've been a tool to finance terrorism."

Federal law enforcement officials are also investigating whether or not bitcoin was used to fund domestic terrorism in the U.S., after a now-deceased French blogger sent $522,000 in bitcoin to far-right figures who may have been present at the U.S. Capitol insurrection on Jan. 6.

'' domestic terrorism '' lmao

https://www.coindesk.com/crypto-use-in-terrorism-a-growing-problem-yellen-says

Lol old koont

Think btc just hit another high. I'm losing track
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 11, 2021, 09:18:15 PM
https://www.decrypt.co/57328/ethereum-weth-now-settling-more-value-than-bitcoin%3famp=1

Ethereum Now Settling More Value Than Bitcoin

Ethereum is becoming the de facto crypto settlement network, due to value transfers via ETH, WETH, and stablecoins.

Ethereum long trailed Bitcoin as the top blockchain network for transferring value, but those days could be in the past as ETH and WETH transactions have surpassed Bitcoin and begun to pull away in recent weeks.

Average daily transaction value of ETH and Wrapped ETH (WETH) over the last 30 days has grown to more than $13 billion compared to just over $9 billion for Bitcoin, according to data compiled by Money Movers and provided by CoinMetrics. (At one point, ETH alone briefly surpassed Bitcoin.)

It’s another indication that Ethereum could have a leg up on Bitcoin as a functional digital currency suited to the everyday needs of casual users and hardcore traders alike.

Adding the value of transactions via dollar-pegged stablecoins USDC and DAI to the Ethereum network increases the gap even further, with nearly 80% more dollar-denominated value being transferred compared to Bitcoin over the last 30 days.

Compare that to a year ago, when native ETH was seeing just 13% the value traffic of Bitcoin, and it’s easy to see how much things have changed. Perhaps one year from now, we could be looking at a new king in the crypto economy.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 11, 2021, 09:47:13 PM
Quote from: Griffith on February 11, 2021, 09:18:15 PM
https://www.decrypt.co/57328/ethereum-weth-now-settling-more-value-than-bitcoin%3famp=1

Ethereum Now Settling More Value Than Bitcoin

Ethereum is becoming the de facto crypto settlement network, due to value transfers via ETH, WETH, and stablecoins.

Ethereum long trailed Bitcoin as the top blockchain network for transferring value, but those days could be in the past as ETH and WETH transactions have surpassed Bitcoin and begun to pull away in recent weeks.

Average daily transaction value of ETH and Wrapped ETH (WETH) over the last 30 days has grown to more than $13 billion compared to just over $9 billion for Bitcoin, according to data compiled by Money Movers and provided by CoinMetrics. (At one point, ETH alone briefly surpassed Bitcoin.)

It’s another indication that Ethereum could have a leg up on Bitcoin as a functional digital currency suited to the everyday needs of casual users and hardcore traders alike.

Adding the value of transactions via dollar-pegged stablecoins USDC and DAI to the Ethereum network increases the gap even further, with nearly 80% more dollar-denominated value being transferred compared to Bitcoin over the last 30 days.

Compare that to a year ago, when native ETH was seeing just 13% the value traffic of Bitcoin, and it’s easy to see how much things have changed. Perhaps one year from now, we could be looking at a new king in the crypto economy.

This is a bit like saying because more people transact in physical US dollar notes than in gold, that paper would be a better investment than gold:)

Lets please not confuse the difference between a platform (ETH), with a store of value (BTC), nor confuse turnover of transactions on a freely available protocol with that protocol's underlying value.

As bitcoin owners, we need to be unified in directing all potential store of value mutual belief into Bitcoin. (United Bitcoiner's will rise, but divided they fall).

Any dilution into alts has failed over time and should be discouraged and avoided. Eth is a PLATFORM. Was never intended as a store of value, but rather as a free protocol to enable smart contracts. For that vision to succeed we need ETH to essentially be free (as was Vitalik's vision as set out in the Eth whitepaper).

But yes, we will in the future see lots of value traded using that free platform, just like we see lots of value being built on the internet protocol (which is also essentially free).

I agree though, in the short term we also see people speculate in Eth and other alts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 11, 2021, 10:53:41 PM
Quote from: Bindare_Dundat on February 11, 2021, 07:29:28 AM
Roubinni is one salty mofo

He is both a bitter old man, and an idiot. In many ways, much like Mr Anabolic. lol  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 11, 2021, 10:56:11 PM
Quote from: polychronopolous on February 11, 2021, 06:07:23 AM
America's Oldest Bank BNY Mellon Will Now Support Bitcoin

The oldest bank in America will now be storing Bitcoin on behalf of its clients, according to a report.

 BNY Mellon, the oldest bank in America, will be adding support for Bitcoin on behalf of its asset-management clients, according to the Wall Street Journal. The bank will store and transfer Bitcoin and other digital currencies.

Roman Regelman, chief executive of BNY Mellon’s asset-servicing and digital businesses, said, “Digital assets are becoming part of the mainstream.”

According to the report, the bank plans to enable cryptocurrencies to flow through the same systems that it uses for its traditional currencies and stocks. It has created a prototype for doing this and is engaging with clients to see if they want to use it.

Regelman reportedly said that the bank plans to treat cryptocurrencies in the same way as traditional assets. This shows that rather than exist outside of the system—cryptocurrencies can work alongside the current financial system.

Bitcoin has recently gone through a transition from a niche asset to a mainstream, institutional-led one. With the lack of a Bitcoin ETF, Grayscale Investments has been filling the gap, providing institutional investors with a regulated way of getting exposure to Bitcoin, and other coins, via its trusts.
Elon Musk's Tesla Has Invested $1.5 Billion Into Bitcoin

Tesla has invested $1.5 billion into Bitcoin, according to an SEC filing today. "Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy and may acquire and hold digita...

Furthermore, companies have started putting Bitcoin on their balance sheet. MicroStrategy started the trend and now has a balance of around $3 billion in Bitcoin. Earlier this week, Tesla announced that it had followed suit, with a $1.5 billion Bitcoin purchase. Both purchases making it clear that Bitcoin is too big for banks to ignore—and something they are starting to embrace instead.

 https://decrypt.co/57411/americas-oldest-bank-bny-mellon-will-now-support-bitcoin

Pretty amazing and only really just the beginning.

On a related note, I recently installed a lightening wallet. So I can (and do) now transact in Satoshies in instantaneous time and zero fees (and anywhere in the world). Its awesome.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 11, 2021, 11:10:17 PM
Quote from: Griffith on February 10, 2021, 04:28:13 AM
Most people would rather own a full coin or several coins, and Ethereum makes that a very affordable option for retail investors and especially younger people.

Griffith - you are an intelligent person, so I hope you can also see the idiocy of the logic applied by "young people" as mentioned in your post.

This is like saying most people would rather own a "full coin" of silver, rather than a "half coin" of gold because having a "full coin" would make them feel better. Its idiotic logic, (but I agree with you there are some people who have brains that really do think like this!).

Its like the people who buy "penny stocks" in a worthless company because they are "cheaper", rather than a stock in a company such Apple or Amazon because there "expensive".

But yes, you are correct that some people do think like this. And indeed this is why we see alts come (and then go...).

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 12, 2021, 01:08:09 AM
Bitcoin etf now a reality. Also, Florida will allow payment of taxes in BTC.


First North American Bitcoin ETF Approved by Canadian Securities Regulator
https://www.coindesk.com/first-north-american-bitcoin-etf-approved-by-canadian-securities-regulator

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 12, 2021, 01:12:31 AM
Quote from: gib on February 11, 2021, 11:10:17 PM
Griffith - you are an intelligent person, so I hope you can also see the idiocy of the logic applied by "young people" as mentioned in your post.

This is like saying most people would rather own a "full coin" of silver, rather than a "half coin" of gold because having a "full coin" would make them feel better. Its idiotic logic, (but I agree with you there are some people who have brains that really do think like this!).

Its like the people who buy "penny stocks" in a worthless company because they are "cheaper", rather than a stock in a company such Apple or Amazon because there "expensive".

But yes, you are correct that some people do think like this. And indeed this is why we see alts come (and then go...).

I've decided I'm. selling 90 percent of.my ETH today and buying on the next BTC dip. Could be a short term mistake but I'd like to focus on this one digital asset moving forward. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 12, 2021, 02:04:21 AM
Quote from: DooM_ on February 11, 2021, 09:07:12 AM
roubinni is good friends with yellen , today she complained again about the misuse of cryptocurrencies saying they're a  " a growing problem " and linking them to terrorism and criminal activity :

"I see the promise of these new technologies, but I also see the reality: cryptocurrencies have been used to launder the profits of online drug traffickers; they've been a tool to finance terrorism."

Federal law enforcement officials are also investigating whether or not bitcoin was used to fund domestic terrorism in the U.S., after a now-deceased French blogger sent $522,000 in bitcoin to far-right figures who may have been present at the U.S. Capitol insurrection on Jan. 6.

'' domestic terrorism '' lmao

https://www.coindesk.com/crypto-use-in-terrorism-a-growing-problem-yellen-says
As if terrorists have not used fiat currencies before lol! I saw a statistic that there is more illegal activity going on with fiat currencies than the market cap of Bitcoin. Someone should for once just confront Yellen with statistics. But she will probably just ignore it. They have stolen an election after all. Facts and proof do not matter to them.

Well perhaps after things get violent will they shit their fucking pie holes! They are going to be dead in a few years anyway. Yellen is 74. She should go retire somewhere she has no business dictating to people with one foot in the grave.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 12, 2021, 02:19:17 AM
Quote from: gib on February 11, 2021, 11:10:17 PM
Griffith - you are an intelligent person, so I hope you can also see the idiocy of the logic applied by "young people" as mentioned in your post.

This is like saying most people would rather own a "full coin" of silver, rather than a "half coin" of gold because having a "full coin" would make them feel better. Its idiotic logic, (but I agree with you there are some people who have brains that really do think like this!).

Its like the people who buy "penny stocks" in a worthless company because they are "cheaper", rather than a stock in a company such Apple or Amazon because there "expensive".

But yes, you are correct that some people do think like this. And indeed this is why we see alts come (and then go...).
Your post reeks of bias towards Bitcoin. You're comparing Ethereum with a "worthless penny stock" and Bitcoin with Apple and Amazon. Ethereum is hardly worthless and being utilized in a lot of smart contract applications. An entire financial system can be built on a platform like Ethereum.

You bailed on Bitcoin when the price dropped which means you are a trader and not someone who believes in the project long term - except if it will have a financial benefit.

So if money is what motivates you why did you not rather invest in the Ethereum killer Cardano? It is further along with it's proof of stake development than Ethereum. And the main Cardano developer used to work on Ethereum with Vitalik Buterin before he parted ways.

Look how much Cardano has moved compared to Bitcoin and Ethereum the last year:

ADA - +1,229.75%
BTC - +360.66%
ETH - +$558.78%

Had you invested your 2020 money into Cardano instead of BTC your porfolio's value would have been almost 4 times larger now. It is all just dollars and cents for you after all since you got out of BTC when you saw the price tank.

Cardano looks like a very promising asset and might upstage Ethereum. Ethereum has a lot of bugs and potential security holes to sort out because it was not designed from the ground up as proof of stake blockchain 3.0 like Cardano. I've converted some Ethereum to Cardano and also had some holdings from a few years ago.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 12, 2021, 02:24:10 AM
Quote from: Bindare_Dundat on February 12, 2021, 01:12:31 AM
I've decided I'm. selling 90 percent of.my ETH today and buying on the next BTC dip. Could be a short term mistake but I'd like to focus on this one digital asset moving forward.
A strategy I want to try is to hop from one to the other. What I have noticed is Bitcoin will go up, then it will trade sideways. Then Ethereum will follow. I might try this with a few Ethereum coins. The trick is spotting when each will move. And sometimes news like Tesla's announcement can affect the price. I was sleeping when that was announced and by the time I got up the price had already jumped to $48,000. Oh well I still think Ethereum has the potential to shoot to 20k or more this year. We'll see!

For ADA the high estimates appear to be $9-10. ADA is approaching it's ATH of $1.18.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 12, 2021, 02:34:50 AM
Quote from: obsidian on February 12, 2021, 02:24:10 AM
A strategy I want to try is to hop from one to the other. What I have noticed is Bitcoin will go up, then it will trade sideways. Then Ethereum will follow. I might try this with a few Ethereum coins. The trick is spotting when each will move. And sometimes news like Tesla's announcement can affect the price. I was sleeping when that was announced and by the time I got up the price had already jumped to $48,000. Oh well I still think Ethereum has the potential to shoot to 20k or more this year. We'll see!

For ADA the high estimates appear to be $9-10. ADA is approaching it's ATH of $1.18.

Yeah, that seems to be the prevailing theory amongst crypto traders. From BTC, to ETH, to lower market cap coins and keep rotating.

At the end of the day, though,  the goal for all these folks is always to acquire more bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 12, 2021, 02:42:46 AM
Well done to Miami. Super smart move. I am immediately inclined to consider investing in Miami. What a progressive city. Great way to diversify the economy and employment etc away from being tourism and hospitality dominated. And poised to make Miami citizens some of the wealthiest and finically secure in the world over time, offering the opportunity for many to attain "one-coiner" status,

(http://)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 12, 2021, 05:21:50 AM
Quote from: obsidian on February 12, 2021, 02:19:17 AM
Your post reeks of bias towards Bitcoin. You're comparing Ethereum with a "worthless penny stock" and Bitcoin with Apple and Amazon. Ethereum is hardly worthless and being utilized in a lot of smart contract applications. An entire financial system can be built on a platform like Ethereum.

You bailed on Bitcoin when the price dropped which means you are a trader and not someone who believes in the project long term - except if it will have a financial benefit.

So if money is what motivates you why did you not rather invest in the Ethereum killer Cardano? It is further along with it's proof of stake development than Ethereum. And the main Cardano developer used to work on Ethereum with Vitalik Buterin before he parted ways.

Look how much Cardano has moved compared to Bitcoin and Ethereum the last year:

ADA - +1,229.75%
BTC - +360.66%
ETH - +$558.78%

Had you invested your 2020 money into Cardano instead of BTC your porfolio's value would have been almost 4 times larger now. It is all just dollars and cents for you after all since you got out of BTC when you saw the price tank.

Cardano looks like a very promising asset and might upstage Ethereum. Ethereum has a lot of bugs and potential security holes to sort out because it was not designed from the ground up as proof of stake blockchain 3.0 like Cardano. I've converted some Ethereum to Cardano and also had some holdings from a few years ago.

Comparing Ethereum to 'penny stocks' and calling its platform 'worthless' is of course just plain ludicrous.

He doesn't seem to grasp that various cryptocurrencies will and do co-exist, as do various currencies and commodities. With commodities we have gold, silver, platinum, palladium and many others. Same with reserve currencies.

His argument that ETH was not intended to be 'store of value' is disingenuous, as neither was BTC, it was supposed to be a digital currency used primarily for payments. The narrative changed more towards 'store of value' and more recently 'digital gold' when the large fluctuations in value made it impractical to use as a currency for payments.

And of course Ethereum is a platform and Ether its currency. ETH has been around since 2013 and is the second oldest cryptocurrency, it survived the cryptocurrency crash last cycle and has had exceptional growth, yet he claims every 'alts has failed over time'.

He also tries to distort the argument of why people would opt to buy several Ethereum coins instead of a fraction of Bitcoin for the same price.

If BTC reaches 100K, that's 2X, if 200K, that's 4X.

If ETH reaches 5K it's almost 3X, if 10K it's 5.5X, and 20K that's 11X.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on February 12, 2021, 06:03:13 AM
Quote from: Bindare_Dundat on February 12, 2021, 01:12:31 AM
I've decided I'm. selling 90 percent of.my ETH today and buying on the next BTC dip. Could be a short term mistake but I'd like to focus on this one digital asset moving forward.

I sold my ETH and converted it over to BTC a couple years back and have never slept better. BTC is an incredible innovation RIGHT NOW. It serves it's purpose extremely well RIGHT NOW. It has the moat. It has the hard cap of 21 million. It is decentralized. The big time companies will soon be buying in in droves. It is a once in a lifetime, grandslam pitch right now the center of the plate.

With ETH it's more about hype and speculation. I suspect a good bit of it is based on people who believe they missed the BTC train and are simply getting too cute with their thought process.

And that isn't me hating on Ethereum, I don't necessarily think it being a small portion of one's portfolio is a bad thing.

Maybe some of it comes down to the "would you rather own the gold or the shovels" analogy.

I'll take the gold in this case.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 12, 2021, 06:12:52 AM
https://www.financemagnates.com/cryptocurrency/news/grayscale-purchases-52730-ethereum-in-24-hours/

Grayscale Purchases 52,730 Ethereum in 24 Hours

The asset manager now has 3.13 million Ethereum under management.

Grayscale, the world’s largest crypto asset manager, has accelerated its Ethereum accumulation as the firm purchased 52,730 ETH worth more than $93 million in the last 24 hours.

The company’s Ethereum Trust now has more than 3.13 million ETH under management with a total value of over $5.5 billion.

According to the latest data published by crypto analytics firm, bybt.com, Grayscale accumulated a total of 111,182 Ethereum in the last 7 days after a significant jump in ETH price. As of writing, ETH is trading above $1,760 with a total market cap of $200 billion.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on February 12, 2021, 07:40:38 AM
Here's a question for you crypto aficionados..

A client of mine asked me for my personal opinion in possibly investing in one of the following cryptos:

BitCoin
Ethereum
Cardano
Polkadot

I told him I'm not too fond of the idea, but that there might be merit behind this and it could very well be a paradigm shift we're witnessing.

That said, I've posed this same question to a few of my buddies that do institutional trading, but no one has replied yet.

What are your thoughts? Which one would you pick and why?

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 12, 2021, 08:25:36 AM
Quote from: polychronopolous on February 12, 2021, 06:03:13 AM
I sold my ETH and converted it over to BTC a couple years back and have never slept better. BTC is an incredible innovation RIGHT NOW. It serves it's purpose extremely well RIGHT NOW. It has the moat. It has the hard cap of 21 million. It is decentralized. The big time companies will soon be buying in in droves. It is a once in a lifetime, grandslam pitch right now the center of the plate.

With ETH it's more about hype and speculation. I suspect a good bit of it is based on people who believe they missed the BTC train and are simply getting too cute with their thought process.

And that isn't me hating on Ethereum, I don't necessarily think it being a small portion of one's portfolio is a bad thing.

Maybe some of it comes down to the "would you rather own the gold or the shovels" analogy.

I'll take the gold in this case.

I concur!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 12, 2021, 08:30:50 AM
Quote from: OneMoreRep on February 12, 2021, 07:40:38 AM
Here's a question for you crypto aficionados..

A client of mine asked me for my personal opinion in possibly investing in one of the following cryptos:

BitCoin
Ethereum
Cardano
Polkadot

I told him I'm not too fond of the idea, but that there might be merit behind this and it could very well be a paradigm shift we're witnessing.

That said, I've posed this same question to a few of my buddies that do institutional trading, but no one has replied yet.

What are your thoughts? Which one would you pick and why?

"1"

This question comes up a lot.

The safest answer in my view is 100% Bitcoin.

If the client was prepared to take a little more risk, perhaps a 80/20 split BTC/ETH which is also quite common.

A third option might be 75 BTC, 20 ETH, 5% alts such as those you mentioned. You could throw in XRP too.

Reality is that BTC is the huge planet at the centre of the ecosystem, with various "alts" rotating around it who will come and go.

The same balance as above is being mirrored by the larger funds, banks etc. Follow the money and the big boys.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 12, 2021, 08:33:02 AM
Quote from: Griffith on February 12, 2021, 05:21:50 AM
Comparing Ethereum to 'penny stocks' and calling its platform 'worthless' is of course just plain ludicrous.

He doesn't seem to grasp that various cryptocurrencies will and do co-exist, as do various currencies and commodities. With commodities we have gold, silver, platinum, palladium and many others. Same with reserve currencies.

His argument that ETH was not intended to be 'store of value' is disingenuous, as neither was BTC, it was supposed to be a digital currency used primarily for payments. The narrative changed more towards 'store of value' and more recently 'digital gold' when the large fluctuations in value made it impractical to use as a currency for payments.

And of course Ethereum is a platform and Ether its currency. ETH has been around since 2013 and is the second oldest cryptocurrency, it survived the cryptocurrency crash last cycle and has had exceptional growth, yet he claims every 'alts has failed over time'.

He also tries to distort the argument of why people would opt to buy several Ethereum coins instead of a fraction of Bitcoin for the same price.

If BTC reaches 100K, that's 2X, if 200K, that's 4X.

If ETH reaches 5K it's almost 3X, if 10K it's 5.5X, and 20K that's 11X.

You will find very few people truly understand how to possibly value Eth, beyond stating that "smart contracts" and "DeFi" will be a big thing in the future.

Here is a great analysis that goes a little deeper for those who are truly interested and want to be educated:

https://www.lynalden.com/ethereum-analysis/

OneMoreRep - you may find useful also.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on February 12, 2021, 08:44:41 AM

https://www.etftrends.com/crypto-channel/canada-beats-united-states-to-bitcoin-etf/

Late Thursday, Canadian regulators approved the Purpose Bitcoin ETF, which will trade on the Toronto Stock Exchange (TSE) under the ticker ‘BTCC’.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 12, 2021, 08:53:04 AM
Quote from: Thin Lizzy on February 12, 2021, 08:44:41 AM
https://www.etftrends.com/crypto-channel/canada-beats-united-states-to-bitcoin-etf/

Late Thursday, Canadian regulators approved the Purpose Bitcoin ETF, which will trade on the Toronto Stock Exchange (TSE) under the ticker ‘BTCC’.

Well done Canada, and shame on the US. We do have the GreyScale Trust, and various other mechanisms in the US that are similar to listed ETFs, but not exactly ETFs from an SEC regulatory point of view.

Hong Kong is also about to launch a Bitcoin ETF (which is kind of interesting considering Bitcoin is "banned" in China).

Singapore about to launch a Bitcoin ETF also,

Its all starting to happen.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 12, 2021, 09:01:22 AM
https://dailyhodl.com/2021/02/11/fundstrat-dramatically-increases-bitcoin-price-target-for-2021-predicts-ethereum-will-outperform-btc/

Fundstrat Dramatically Increases Bitcoin Price Target for 2021, Predicts Ethereum Will Outperform BTC

Investment research firm Fundstrat is more than doubling its 2021 Bitcoin price prediction, but bets Ethereum will significantly outpace the top cryptocurrency.

“In our 2021 crypto outlook report two weeks ago we raised our target on BTC from $40k to $100k.”

Fundstrat’s lead digital asset strategist David Grider says that the investment research firm is raising its Bitcoin price target by two and a half times.

Fundstrat’s forecast for Ethereum is even more bullish than its Bitcoin prediction. Last month, Bloomberg reported that Fundstrat had raised its 2021 Ethereum price target to $10,500.

Grider describes Ethereum as having the ‘best risk-reward ratio’ of all cryptocurrencies.

The digital asset strategist goes so far as to estimate that ‘blockchain computing may be the future of the cloud.’
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 12, 2021, 09:08:07 AM
On a different note, a friend of mine was telling me about how he gave a high-end Vegas "stripper" a "gift" in Bitcoin a few years back (around 2016). They were doing blow all night in his room after he took her back from the club, and he also did her raw numerous time etc throughout the night and then also again in the afternoon. She was not exactly a hooker, and didn't demand a fee but at the same time it was obvious to him that she was a kind of Vegas party girl that would expect a tip given the circumstances of how they met and his looks and how attractive she was etc. (He is in the on-line gambling industry). I have seen pix of the girl and so can confirm she is amazing - typical Vegas hottie.

She apparently was of the "open minded" type and took quite an interest in his business etc, and so by the next morning he had set her up with a bitcoin wallet and transferred her 10 Bitcoins.

He remarks now that this would have to be one of the most expensive whores ever paid for a night of passion. (Also, he suspects she quite likely lost the coins anyhow, and never will be able to access them again). So probably also the biggest amount a whore has ever been tipped and then also lost in history! 10 BTC at today's value comes to around 500K. Expensive night...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 12, 2021, 09:13:55 AM
Quote from: Griffith on February 12, 2021, 09:01:22 AM
https://dailyhodl.com/2021/02/11/fundstrat-dramatically-increases-bitcoin-price-target-for-2021-predicts-ethereum-will-outperform-btc/

Fundstrat Dramatically Increases Bitcoin Price Target for 2021, Predicts Ethereum Will Outperform BTC

“In our 2021 crypto outlook report two weeks ago we raised our target on BTC from $40k to $100k.”


I can assure you. When Bitcoin hits $100,000, I will be back with a very special message for Mr Anabolic. How soon that will be I cannot predict. But I am becoming increasingly confident that it will happen. He gave me so much shit about my "BTC possibly 100K by end of 2021 call" back in the day. Lets see...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on February 12, 2021, 09:27:45 AM
So out of curiosity, are many of you guys simply purchasing fractional shares via outfits like Coinbase and then uploading onto a digital ledger for optimized protection?

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 12, 2021, 09:38:59 AM
Quote from: OneMoreRep on February 12, 2021, 09:27:45 AM
So out of curiosity, are many of you guys simply purchasing fractional shares via outfits like Coinbase and then uploading onto a digital ledger for optimized protection?

"1"

When you say "fractional shares" you mean portions less then a whole bitcoin?

Either way, unless you plan to actively trade, I highly suggest you take anything you (or your clients) buy, and take if off the exchange and into "cold storage". For most of your clients, my view would be to buy, take into cold storage, and HODL for 5+ years. If its on the exchange you have counterparty risk.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on February 12, 2021, 09:54:30 AM
Quote from: gib on February 12, 2021, 09:38:59 AM
When you say "fractional shares" you mean portions less then a whole bitcoin?

That's correct.

My client is interested in allocating a portion of his portfolio to crypto and has made it clear that he doesn't want to allocate more than 10% of his available funds.

My client is 68yrs young and looking to invest into crypto, but in a conservative fashion. I'm not a retail broker, I'm just his accountant. The guy is ready to invest $100k into Cryptocurrencies, but wanted to know about the best way to diversify and this hedge his risk.

Thus, instead of just buying 2 actual bitcoins, he wanted to see if there was a better way to do it, say an ETF approach to invest in the entire bucket of Cryptocurrencies.

That said, he read somewhere that Cardano and Polkadot are likely to boom to the heights of BTC, so he asked for my opinion, which was really his way of asking whether other clients of mine are investing in cryptos and to what end (exact cryptos, amounts etc).

I can do his books and provide tax-loss harvesting from his trades regardless of what he buys, but I just can't provide him with financial advise, as I'm not a CFA, but instead his CPA.

Hope that makes sense..

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 12, 2021, 10:00:48 AM
Quote from: gib on February 12, 2021, 08:33:02 AM
You will find very few people truly understand how to possibly value Eth, beyond stating that "smart contracts" and "DeFi" will be a big thing in the future.

Here is a great analysis that goes a little deeper for those who are truly interested and want to be educated:

https://www.lynalden.com/ethereum-analysis/

OneMoreRep - you may find useful also.

At 2:50 Lyn Alden believes ETH will probably outperform BTC in this bull cycle and with an amount 'considerably north of here'.

I have watched the full video of this interview with Raoul Pal and overall Lyn Alden is more neutral with Ethereum long-term while Raoul Pal is bullish. They're both bullish on stablecoin usage though, which uses Ethereum.



&t=977s
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on February 12, 2021, 10:01:09 AM
By the way, thank you gib for chiming in with excellent information and providing an answers to my questions.

"1"

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 12, 2021, 10:27:59 AM
Quote from: gib on February 12, 2021, 08:30:50 AM
This question comes up a lot.

The safest answer in my view is 100% Bitcoin.

If the client was prepared to take a little more risk, perhaps a 80/20 split BTC/ETH which is also quite common.

A third option might be 75 BTC, 20 ETH, 5% alts such as those you mentioned. You could throw in XRP too.

Reality is that BTC is the huge planet at the centre of the ecosystem, with various "alts" rotating around it who will come and go.

The same balance as above is being mirrored by the larger funds, banks etc. Follow the money and the big boys.

Why xrp when they haven't settled their issues with the sec? Isn't that just throwing your money in the toilet?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 12, 2021, 10:42:26 AM
Quote from: OneMoreRep on February 12, 2021, 09:27:45 AM
So out of curiosity, are many of you guys simply purchasing fractional shares via outfits like Coinbase and then uploading onto a digital ledger for optimized protection?

"1"

Yes.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 12, 2021, 10:47:21 AM
Quote from: OneMoreRep on February 12, 2021, 07:40:38 AM
Here's a question for you crypto aficionados..

A client of mine asked me for my personal opinion in possibly investing in one of the following cryptos:

BitCoin
Ethereum
Cardano
Polkadot

I told him I'm not too fond of the idea, but that there might be merit behind this and it could very well be a paradigm shift we're witnessing.

That said, I've posed this same question to a few of my buddies that do institutional trading, but no one has replied yet.

What are your thoughts? Which one would you pick and why?

"1"

Raoul Pal, former Goldman Sachs Exec has 60% BTC, 35% ETH and 5% in altcoins (judging from his views on defi this probably includes Cardano and Polkadot).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on February 12, 2021, 10:48:00 AM
This is a reply to MayDay from a post he had directed to me a few pages back. I wanted to clarify some of the ideas & terms he spit out, because 2 members reached out to me via PM for clarification as to what MayDay is talking about. His terms are a bit complicated to the uninitiated financial mind. So, I wanted to clarify and post with some definitions made clear for those that did not understand completely. For those that do understand, please disregard by Matt-like post...

Quote from: Mayday on February 10, 2021, 04:01:47 PM
in this thread just as the pandemic broke, the QE method was discussed as to how the world would begin a bailout. Nearly 1 year later and we can see the impact for the US where the Index started at 99 and has fallen to 91, pretty much a 10% decline in one year. To be fair, the US Index spent many years in the 75-85 region prior to now so a reading of 91 is actually significantly higher than it was in the decade prior. The US has a stronger currency today than in 2010.

Less concerned with the dollar index, because as you know, so as long as the USD is the world reserve currency, it will always lead against the euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc. Why? Because most of their international trade is conducted in USD and purchasing of their oil is also done via the USD.  What I believe the world is noticing is that the US is printing itself into a hole. We are meeting all the necessary requirements to be on our way to a massive deleveraging of our debt. When that happens, it will be a very sad time.

What is meant by the US Dollar Index? The US Dollar index measures of the value of the U.S. dollar relative to the value of a basket of currencies of the majority of the U.S.'s most significant trading partners. Who are those trading partners? The Euro (EUR), Japanese yen (JPY), Canadian dollar (CAD), British pound (GBP), Swedish krona (SEK), and Swiss franc (CHF).

Quote from: Mayday on February 10, 2021, 04:01:47 PM
The IMF are talking of doing a one off devaluation. Something like a 50% currency injection in one year to cause inflation using trickle up economics. Doing in unison means nobody would really gain an advantage in terms of trade. Apparently it’s going to happen in 2021. After that I believe they will lock around 2% annual. So they are going for a hard kickstart instead of a prolonged period. Makes sense.

This is a good point that needs clarification for those in attendance. An IMF proposal of 50% currency injection is incredibly risky, because it devalues the currency. Additionally, the trickle-up economics comment made by Mayday should be stated clearly to show that the major benefits of this 50% infusion will first be felt by the RICH, because their assets (stocks, bonds, ETF, Index funds etc) will be the first to appreciate in value due to the inflation that is felt immediately by those market assets. In other words, create more money, which is held by the big banks, who then will purchase into the stock market, which ultimately leads to the price of stocks going up. Hence the term trickle-up economics, which will really trickle-up into the pockets of the dirty rich.

Poor people, and by poor I mean everyone from the lower class (dirt poor) to even lower middle class rarely feel the effects of this currency infusion. Yes, they will get some cash flung at them via one-time stimulus checks, unemployment benefits and other welfare programs, but it won't be life changing, nor will it increase their wealth. The rich automatically experience expansion of their wealth.

Quote from: Mayday on February 10, 2021, 04:01:47 PM
1973-1980 we saw roughly 16% average annual M3 expansion which came with a 12% Annual GDP, 11.7% Annual CPI, a gold price increase of 460% over the whole period and a wage inflation of 100% meaning consumer debt devaluation of 50%.

For those that are wondering what the hell MayDay means when he throws around M1, M2 & M3 (I know some of you know, but other don't), these represent measurements of the US money supply (typically called money aggregates).

M1 = USD in circulation + checkable deposits in banks
M2 = M1 + savings deposits (less than $100,000) + money market mutual funds
M3 = M2 + large time deposits in banks

Now, increases to annual GDP were seen between 1970-1980, which were certainly substantial, but the USA was also still seen as a financial powerhouse by the entire world and our products were at the very least respected. Today, unfortunately, not so much. We are no longer the superpower we were by way of trade. Today, China leads world trade by a substantial marker. Also, Russia and China have become involved in a 14-country trading bloc that very conveniently left out the USA. Loss in confidence can certainly partially explain this bold move, but more particular to this is likely a loss in the desire to have the USD as the world reserve.

11.7% CPI is tragic (Consumer Price Index/CPI is simply the inflation, less buying power of your dollar, felt by way of what the average person pays for goods and services on main street). Granted, it led to a wage inflation of over 100%, which allowed for consumer debt (credit card bills and garbage debt along those lines) to be eradicated in half the time, which kept the poor appeased by making them believe that things can't be that bad if they are managing to clean their financial situations up a bit via eradication of debt.

Quote from: Mayday on February 10, 2021, 04:01:47 PM
I think the monetary system has survived many hard times and the result is transformations over rather than a complete collapse. The Germans post war was a scenario where they were physically destroyed and overwhelmed by debt. impossible to get out of and all alone with really no hope to get out of. This is a global scenario and we are intact so I feel it’s a very different problem we face than post war.

I think what you might not be considering is that we, the USA, are following the same path as other great empires in the past. Consider the archetypical examples that were Athens from the late 400s to the 300s BC, the end of the Roman Republic in the century or so preceding 27 BC, Germany’s Weimar Republic in the 1920s and the weak democracies of Italy, Japan and Spain in the 1920s and 1930s that turned to autocracies of the right (fascism) to bring order to the economic chaos. We are committing all of the major mistakes they committed and are being driven by our greed that doesn't allow for us to see past our present situation.

Quote from: Mayday on February 10, 2021, 04:01:47 PM
I know people are crazy scared of inflation but what would you pick if given the option?
1) double wage. Halve debt value but you can’t afford big TVs, expensive phones, holidays
2) no wage growth and risk of lower wages. Debt remains as full term loan. Can afford the luxuries but risk of higher unemployment.

(1) Double salaries & wages and it will allow for the working middle class to eradicate their debts in half the time. Granted, CPI will catch up and yes the modern day luxuries will be harder to acquire, but if you have debt-free citizens with active employment, they can acquire the things they *want" slowly over time, so as long as they have what they need (food, roof over their head, reserves in the bank etc). Keeping in mind that INFLATION is already taking place by way of assets going up in price (stocks, real estate, commodities etc). The issue here is that the common man doesn't care about inflation that affects market assets because that's above their paygrade, they care more about the effects of inflation on main street, that being the cost of their daily products and services (Consumer Price Index).

Allow for inflation to be revealed. We can't just keep monetizing the debt and assuming we will print our troubles away. All this continual QE will not end well. As soon as velocity picks up, inflation will certainly ensue. The only reason inflation has yet to kick in is because the money is either sitting at the Big Banks or has been sent out to foreign nations as part of US aid & spending projects. As soon as it starts to properly hit the ground level (and I don't mean via one-time stimulus checks and unemployment checks, but actual infusion of that new *currency*) and people regain confidence in public spending, CPI will undoubtedly rise.

Moreover, I think part of the reason why so many whales are going into crypto is partly because they see the writing on the wall with regards to the fate of the US Dollar. That, and of course they can make tons of money from speculative trades and ballooning crypto values.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on February 12, 2021, 11:15:09 AM
Quote from: Griffith on February 12, 2021, 10:47:21 AM
Raoul Pal, former Goldman Sachs Exec has 60% BTC, 35% ETH and 5% in altcoins (judging from his views on defi this probably includes Cardano and Polkadot).

I'm a fan of Raoul. He's a pretty smart guy.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 12, 2021, 12:40:08 PM
Quote from: OneMoreRep on February 12, 2021, 10:48:00 AM
This is a reply to MayDay from a post he had directed to me a few pages back. I wanted to clarify some of the ideas & terms he spit out, because 2 members reached out to me via PM for clarification as to what MayDay is talking about. His terms are a bit complicated to the uninitiated financial mind. So, I wanted to clarify and post with some definitions made clear for those that did not understand completely. For those that do understand, please disregard by Matt-like post...

Less concerned with the dollar index, because as you know, so as long as the USD is the world reserve currency, it will always lead against the euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc. Why? Because most of their international trade is conducted in USD and purchasing of their oil is also done via the USD.  What I believe the world is noticing is that the US is printing itself into a hole. We are meeting all the necessary requirements to be on our way to a massive deleveraging of our debt. When that happens, it will be a very sad time.

What is meant by the US Dollar Index? The US Dollar index measures of the value of the U.S. dollar relative to the value of a basket of currencies of the majority of the U.S.'s most significant trading partners. Who are those trading partners? The Euro (EUR), Japanese yen (JPY), Canadian dollar (CAD), British pound (GBP), Swedish krona (SEK), and Swiss franc (CHF).

This is a good point that needs clarification for those in attendance. An IMF proposal of 50% currency injection is incredibly risky, because it devalues the currency. Additionally, the trickle-up economics comment made by Mayday should be stated clearly to show that the major benefits of this 50% infusion will first be felt by the RICH, because their assets (stocks, bonds, ETF, Index funds etc) will be the first to appreciate in value due to the inflation that is felt immediately by those market assets. In other words, create more money, which is held by the big banks, who then will purchase into the stock market, which ultimately leads to the price of stocks going up. Hence the term trickle-up economics, which will really trickle-up into the pockets of the dirty rich.

Poor people, and by poor I mean everyone from the lower class (dirt poor) to even lower middle class rarely feel the effects of this currency infusion. Yes, they will get some cash flung at them via one-time stimulus checks, unemployment benefits and other welfare programs, but it won't be life changing, nor will it increase their wealth. The rich automatically experience expansion of their wealth.

For those that are wondering what the hell MayDay means when he throws around M1, M2 & M3 (I know some of you know, but other don't), these represent measurements of the US money supply (typically called money aggregates).

M1 = USD in circulation + checkable deposits in banks
M2 = M1 + savings deposits (less than $100,000) + money market mutual funds
M3 = M2 + large time deposits in banks

Now, increases to annual GDP were seen between 1970-1980, which were certainly substantial, but the USA was also still seen as a financial powerhouse by the entire world and our products were at the very least respected. Today, unfortunately, not so much. We are no longer the superpower we were by way of trade. Today, China leads world trade by a substantial marker. Also, Russia and China have become involved in a 14-country trading bloc that very conveniently left out the USA. Loss in confidence can certainly partially explain this bold move, but more particular to this is likely a loss in the desire to have the USD as the world reserve.

11.7% CPI is tragic (Consumer Price Index/CPI is simply the inflation, less buying power of your dollar, felt by way of what the average person pays for goods and services on main street). Granted, it led to a wage inflation of over 100%, which allowed for consumer debt (credit card bills and garbage debt along those lines) to be eradicated in half the time, which kept the poor appeased by making them believe that things can't be that bad if they are managing to clean their financial situations up a bit via eradication of debt.

I think what you might not be considering is that we, the USA, are following the same path as other great empires in the past. Consider the archetypical examples that were Athens from the late 400s to the 300s BC, the end of the Roman Republic in the century or so preceding 27 BC, Germany’s Weimar Republic in the 1920s and the weak democracies of Italy, Japan and Spain in the 1920s and 1930s that turned to autocracies of the right (fascism) to bring order to the economic chaos. We are committing all of the major mistakes they committed and are being driven by our greed that doesn't allow for us to see past our present situation.

(1) Double salaries & wages and it will allow for the working middle class to eradicate their debts in half the time. Granted, CPI will catch up and yes the modern day luxuries will be harder to acquire, but if you have debt-free citizens with active employment, they can acquire the things they *want" slowly over time, so as long as they have what they need (food, roof over their head, reserves in the bank etc). Keeping in mind that INFLATION is already taking place by way of assets going up in price (stocks, real estate, commodities etc). The issue here is that the common man doesn't care about inflation that affects market assets because that's above their paygrade, they care more about the effects of inflation on main street, that being the cost of their daily products and services (Consumer Price Index).

Allow for inflation to be revealed. We can't just keep monetizing the debt and assuming we will print our troubles away. All this continual QE will not end well. As soon as velocity picks up, inflation will certainly ensue. The only reason inflation has yet to kick in is because the money is either sitting at the Big Banks or has been sent out to foreign nations as part of US aid & spending projects. As soon as it starts to properly hit the ground level (and I don't mean via one-time stimulus checks and unemployment checks, but actual infusion of that new *currency*) and people regain confidence in public spending, CPI will undoubtedly rise.

Moreover, I think part of the reason why so many whales are going into crypto is partly because they see the writing on the wall with regards to the fate of the US Dollar. That, and of course they can make tons of money from speculative trades and ballooning crypto values.

"1"

Thanks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on February 12, 2021, 12:48:44 PM
Quote from: Bindare_Dundat on February 12, 2021, 12:40:08 PM
Thanks.

You're very welcome.

Although, I felt you knew these things already, or so at least it seems that way with your interactions within this thread.

The people that sent me private messages were literally everyday guys (a contractor & a pharmacist) that weren't hip to all these financial & economic talking points.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 12, 2021, 12:59:58 PM
Quote from: OneMoreRep on February 12, 2021, 12:48:44 PM
You're very welcome.

Although, I felt you knew these things already, or so at least it seems that way with your interactions within this thread.

The people that sent me private messages were literally everyday guys (a contractor & a pharmacist) that weren't hip to all these financial & economic talking points.

"1"

I understood most of it but it always helps to have someone confirm/clarify things.

Subjects like this aren't really at the forefront of conversatios at my work place, so I have no one to bounce thoughts off of. I mentioned crypto to a few co workers 3 years ago and only one individual invested and is still involved. Needless to say, he's very happy.

Now that I have time off work, thanks to covid, im totally immersed in this. Very interesting times.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on February 12, 2021, 01:05:19 PM
Quote from: Bindare_Dundat on February 12, 2021, 12:59:58 PM
I understood most of it but it always helps to have someone confirm/clarify things.

Subjects like this aren't really at the forefront of conversatios at my work place, so I have no one to bounce thoughts off of. I mentioned crypto to a few co workers 3 years ago and only one individual invested and is still involved. Needless to say, he's very happy.

Now that I have time off work, thanks to covid, im totally immersed in this. Very interesting times.

Gotcha.

Well, the good part for me is that I'm not terribly well versed with crypto, so this thread is also serving as a great learning opportunity to me. Yes, I'm reading a couple of books on crypto, but nothing beats real-time feedback from people that have a firm understanding of its nature and actively buy, hold and sell this digital asset.

So thank you as well for keeping the spark going and pushing for good intellectual conversation.

I must say, I miss reading Mr Anabolic's posts. He was on the opposite side of the crypto spectrum, but that's also necessary in order to stress-test the ideas/theories behind this larger discussion. He was this forum's very own Peter Schiff in some respects.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on February 12, 2021, 02:20:05 PM
Quote from: Griffith on February 12, 2021, 10:00:48 AM
At 2:50 Lyn Alden believes ETH will probably outperform BTC in this bull cycle and with an amount 'considerably north of here'.

I have watched the full video of this interview with Raoul Pal and overall Lyn Alden is more neutral with Ethereum long-term while Raoul Pal is bullish. They're both bullish on stablecoin usage though, which uses Ethereum.



&t=977s



ETH is dead on arrival because of the centralized development and decisions to observe the cult of Vitalik.  Forrtunately it has spawned some good experimentation and the baby DeFi is something to behold, all of which can be replicated on the bitcoin network's Rootstock sidechain, some fortunes will be made here for sure
RootStock can do everything ETH can do ... except uses bitcoins natively.

Which do you think Institutions will use to do DeFi when they are loaded up with Bitcoin?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on February 12, 2021, 03:56:19 PM
What advantage does ETH have over BTC? For the average person like me, that is not deeply informed and educated on cryptocurrency, and with so many out there, it is BTC that stands out. BTC I see around on various outlets and can use in real life. I've never seen any avenue in which I can engage in a transaction using any other cryptocurrency.

With Cash App it is easy to buy, sell and use BTC. I don't even know where I can buy
ETH or Dogecoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 12, 2021, 04:23:00 PM
Quote from: pellius on February 12, 2021, 03:56:19 PM
What advantage does ETH have over BTC? For the average person like me, that is not deeply informed and educated on cryptocurrency, and with so many out there, it is BTC that stands out. BTC I see around on various outlets and can use in real life. I've never seen any avenue in which I can engage in a transaction using any other cryptocurrency.

With Cash App it is easy to buy, sell and use BTC. I don't even know where I can buy
ETH or Dogecoin.
You can buy Ethereum along with Bitcoin and Cardano and AAVE on Coinbase. Coinbase does not yet offer Dogecoin. You can buy Dogecoin on Binance.us. I made over $12,000 in 4 hours when I sold Ethereum for Doge and then rode it up. I then sold some of my Doge back to USD and then bought back my original Ethereum investment. This was all done on Binance.us. So now I still had my +$12,000 profit and my original Ethereum. In fact I almost gained another 1 ETH in the process. I could have made a lot more if I had sold all my Ethereum for Doge but that was a risk I was not willing to take.

For me right now the goal is to get as much crypto as I can in this bull market. It is going to come down eventually and I want to take out profits before that happens so I can buy back in when it drops a lot. I regret not doing this in 2018 and 2019 because I was new to the crypto game.

Bitcoin is almost at $50,000 right now. Some predict it will hit $1 million. That means an increase of 20x. There are many cryptos out there right now that still have a 100x gain to be realized. Cardano for example has great potential and has outperformed Bitcoin and Ethereum the past year. Then there is VeChain (VET) that could go up by a lot.

I do want to acquire some Bitcoin but I have to compare how much Bitcoin is going to go up vs some of the other cryptos. Bitcoin is not going to make as big moves as some of the other smaller coins. If Bitcoin now goes to $100,000 that is only a little over 100% increase. Big whoop!

Meanwhile for ADA (Cardano) to go from $1 to $4 will be much easier. That's a 300% increase.

I will get into Bitcoin once I have maximized my gains in alts because big moves are easier there. Bitcoin will eventually be so expensive that big increases will be unlikely. The guys that got into Bitcoin years ago at low prices are sitting pretty. Someone getting into Bitcoin now will not have these same gains.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 12, 2021, 04:37:05 PM
Quote from: Theoak* on February 12, 2021, 02:20:05 PM


ETH is dead on arrival because of the centralized development and decisions to observe the cult of Vitalik.  Forrtunately it has spawned some good experimentation and the baby DeFi is something to behold, all of which can be replicated on the bitcoin network's Rootstock sidechain, some fortunes will be made here for sure
RootStock can do everything ETH can do ... except uses bitcoins natively.

Which do you think Institutions will use to do DeFi when they are loaded up with Bitcoin?
Here is an analogy for you. You need a certain amount of horsepower to drive a car at 300 mph. As the speed goes up the amount of horsepower required increases dramatically. To get to 400 mhp is a huge leap. Much bigger than 100 mph - 200 mph and 200 mph - 300 mph.

Same thing goes for Bitcoin. For Bitcoin to double requires a lot more capital inflow compared to a smaller asset like Ethereum or Cardano.

You would need another trillion dollar investment in Bitcoin to get it to $100,000. As Bitcoin gets more and more expensive investors will start looking at alternatives. Let's face it we are all here to make some money with our fiats.

Sure Bitcoin going from $50,000 to $100,000 might sound a lot more impressive than Cardano going from $1 to $3 but the latter will offer a bigger return for a new investor - 100% vs 200%. Too many people are caught up with the high price of Bitcoin. It is impressive if you already have 1000 Bitcoins. If you have no Bitcoins it means you have to fork over a lot just to get 1.

This is why I am not as bullish with Bitcoin. It will go up in price but so will the others. And the others will go up by a larger percentage. Bitcoin is not the best investment for new investors imo.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 12, 2021, 04:44:00 PM
Quote from: Theoak* on February 12, 2021, 02:20:05 PM


ETH is dead on arrival because of the centralized development and decisions to observe the cult of Vitalik.  Forrtunately it has spawned some good experimentation and the baby DeFi is something to behold, all of which can be replicated on the bitcoin network's Rootstock sidechain, some fortunes will be made here for sure
RootStock can do everything ETH can do ... except uses bitcoins natively.

Which do you think Institutions will use to do DeFi when they are loaded up with Bitcoin?
https://medium.com/swlh/ethereum-isnt-decentralized-and-other-myths-ef2d132ee1fe

Ask a Bitcoin maximalist to sing you the song of their people, and it’ll sound something like this:

(https://miro.medium.com/max/875/0*UrbBFd5wDvvtJh1t)

That’s a lot to unpack. First — an assertion that Ethereum is centralized, followed by a never-to-be-witnessed again “immaculate conception” premise for Bitcoin’s emergence, followed by the implication that only Bitcoin is invulnerable to being co-opted by government agencies and scammers.

Do the space cat’s claims have merit? Let’s take a closer look, starting with the big one.

Is Ethereum Centralized?

For the sake of this analysis, we’ll broadly define a centralized blockchain as follows: an environment where a single actor, or a handful of actors, can exert unilateral control over the platform’s day-to-day functioning and ongoing development.

Your own definition might vary somewhat, but I think we can all agree that a centralized blockchain is one that could a.) be easily taken over by governments or corporations, and/or b.) have its functionality and development unilaterally dictated by its core creators & development team. That’s not much of a desirable outcome…hence the need for decentralization!

With that in mind, let’s turn to some of the most common arguments maximalists make when talking about Ethereum’s supposed centralization. We’ll examine their claims and consider evidence to the contrary.

Claim: Ethereum’s nodes are centralized. It takes too long to sync them, and there aren’t enough of them.

According to etherscan, there are currently over 6000 unique Ethereum nodes spread around the globe. Ethernodes shows a higher figure of around 7500.

By way of comparison, Bitcoin’s node count is somewhat more robust, at around 11,000 nodes.

Does this higher node count mean that Ethereum is centralized, while Bitcoin is not? While more nodes is certainly better (all things considered equal), Ethereum’s node count appears to be sufficiently high to avoid network attacks; the blockchain’s five years of 100% uptime offers evidence of this robustness, evoking maximalists’ beloved Lindy effect. Also consider that Bitcoin itself has performed perfectly fine recently with node counts in the 8000’s.

To be sure, this isn’t exactly an apples-to-apples comparison; the two chains’ nodes are different in important ways. Nonetheless, the underlying point remains: if an attacker such as a well-funded nation-state attempted to disrupt the network with a sustained DDOS attack, they’d face a nearly insurmountable (but not impossible) task thanks to Ethereum’s global and decentralized node distribution.

Maximalists conflate Ethereum with blockchains that have clearly chosen to trade decentralization for scalability. NEO, for instance, has a grand total of seven consensus nodes, while EOS famously has just 21 nodes. Are they being disingenuous with this conflation, or are they simply not able to see the difference? It’s hard to say.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 12, 2021, 05:26:31 PM
This sounds awesome! With all the censorship happening Unstoppable Domains is the way to go!

https://www.financemagnates.com/cryptocurrency/news/okex-taps-unstoppable-domains-for-crypto-blockchain-wallets/#:~:text=Unlike%20with%20traditional%20domain%20registration,%20Unstoppable%20Domains%20are,registry%20enables%20censorship-resistant%20websites%20and%20simplifies%20cryptocurrency%20payments.

OKEx, which claimed over $15 billion of crypto trading volumes in the last 24 hours, has integrated with Unstoppable Domains, a company building blockchain domain names.

The cryptocurrency spot and derivatives exchange said the new partnership enables users to simplify deposit and withdrawal transactions through OKEx wallet. Rather than having to share a lengthy combination of letters and numbers to receive payment, users can simply provide a domain name, like jon.crypto or ema.zil.

OKEx further explained that another key benefit of this integration is that users can receive any cryptocurrency jointly supported by both firms to the same domain, instead of providing separate 40-character addresses for payment in different currencies.

Unlike with traditional domain registration, Unstoppable Domains are tied to a specific wallet but not controlled by any centralized outfit like governments or registrars of DNS domains. The .crypto blockchain domain registry enables censorship-resistant websites and simplifies cryptocurrency payments.

Unstoppable Domains has recently teamed up with Gemini Trust Company, the cryptocurrency exchange and custodian founded by the Winklevoss twins. Engaging a qualified crypto custodian would encourage traditional domain registrars to move into blockchain with this regulated custodian option.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on February 12, 2021, 06:20:31 PM
Quote from: obsidian on February 12, 2021, 04:23:00 PM
You can buy Ethereum along with Bitcoin and Cardano and AAVE on Coinbase. Coinbase does not yet offer Dogecoin. You can buy Dogecoin on Binance.us. I made over $12,000 in 4 hours when I sold Ethereum for Doge and then rode it up. I then sold some of my Doge back to USD and then bought back my original Ethereum investment. This was all done on Binance.us. So now I still had my +$12,000 profit and my original Ethereum. In fact I almost gained another 1 ETH in the process. I could have made a lot more if I had sold all my Ethereum for Doge but that was a risk I was not willing to take.

For me right now the goal is to get as much crypto as I can in this bull market. It is going to come down eventually and I want to take out profits before that happens so I can buy back in when it drops a lot. I regret not doing this in 2018 and 2019 because I was new to the crypto game.

Bitcoin is almost at $50,000 right now. Some predict it will hit $1 million. That means an increase of 20x. There are many cryptos out there right now that still have a 100x gain to be realized. Cardano for example has great potential and has outperformed Bitcoin and Ethereum the past year. Then there is VeChain (VET) that could go up by a lot.

I do want to acquire some Bitcoin but I have to compare how much Bitcoin is going to go up vs some of the other cryptos. Bitcoin is not going to make as big moves as some of the other smaller coins. If Bitcoin now goes to $100,000 that is only a little over 100% increase. Big whoop!

Meanwhile for ADA (Cardano) to go from $1 to $4 will be much easier. That's a 300% increase.

I will get into Bitcoin once I have maximized my gains in alts because big moves are easier there. Bitcoin will eventually be so expensive that big increases will be unlikely. The guys that got into Bitcoin years ago at low prices are sitting pretty. Someone getting into Bitcoin now will not have these same gains.

When I first heard of BTC I tried to sign up with Coinbase. In fact, I did and have my name and pw on one of my files. Then there was all this stuff about getting a wallet ... it just got too complicated and I didn't want to spend the time. On Cash App you just sign up for the money transfer service, just like Venmo or PayPal and you immediately have access to buying all the stocks including BTC. They tell you where it's at, on the way up or on the way down. I can buy any stock with the funds I have in my account, just like Venmo. Anything I sell goes immediately into my account. I have a Cash App debit card which I use very often. All so seamless and easy.

Then there's the hassle of trying to make a purchase using BTC. They tell me the dollar amount owed, now I have to figure out how much that translates into BTC, and it's constantly changing. And not only that, different sites have different conversion values. I use Coinbase and take a screenshot of the conversion. So then I send the BTC amount along with the screenshot of the conversion, and also a screenshot that it was approved in the Blockchain. But even that is sometimes not enough. I was buying some SARMS and the guy told me I was $50 short and sent me a screenshot of the conversion. His conversion. But that was like a day after I sent him my screenshot along with the BTC indicated on the exchange and a day is like an eternity in the BTC market as it fluctuates literally every single second.

I mean, seriously, who is going to do that? It's never going to be mainstream when there are so many other simpler and faster alternatives. I know some on this board say that cryptocurrency isn't really supposed to be used but just held on to. Right. Maybe for serious high-level investors that have enough money to just sit never to be used but not for the average folk with their 401k and such.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 12, 2021, 06:52:32 PM
Quote from: pellius on February 12, 2021, 06:20:31 PM
When I first heard of BTC I tried to sign up with Coinbase. In fact, I did and have my name and pw on one of my files. Then there was all this stuff about getting a wallet ... it just got too complicated and I didn't want to spend the time. On Cash App you just sign up for the money transfer service, just like Venmo or PayPal and you immediately have access to buying all the stocks including BTC. They tell you where it's at, on the way up or on the way down. I can buy any stock with the funds I have in my account, just like Venmo. Anything I sell goes immediately into my account. I have a Cash App debit card which I use very often. All so seamless and easy.

Then there's the hassle of trying to make a purchase using BTC. They tell me the dollar amount owed, now I have to figure out how much that translates into BTC, and it's constantly changing. And not only that, different sites have different conversion values. I use Coinbase and take a screenshot of the conversion. So then I send the BTC amount along with the screenshot of the conversion, and also a screenshot that it was approved in the Blockchain. But even that is sometimes not enough. I was buying some SARMS and the guy told me I was $50 short and sent me a screenshot of the conversion. His conversion. But that was like a day after I sent him my screenshot along with the BTC indicated on the exchange and a day is like an eternity in the BTC market as it fluctuates literally every single second.

I mean, seriously, who is going to do that? It's never going to be mainstream when there are so many other simpler and faster alternatives. I know some on this board say that cryptocurrency isn't really supposed to be used but just held on to. Right. Maybe for serious high-level investors that have enough money to just sit never to be used but not for the average folk with their 401k and such.
Right now I am not interested in using cryptos to buy stuff with. That still needs to be developed. The time to invest in a technology is when all the kinks are still being worked out. By the time cryptos have been 100% integrated into payment systems it will be too late to make a ton of money off it.

I would suggest you see cryptos for the moment as a hedge against inflation with the dollar losing its value. Also note that different exchanges will have different prices for Bitcoin, Ethereum and others. For example Coinbase, Binance, Kraken, Coinmarket Cap, Coinranking etc. will all have slightly different realtime prices. But we are talking a few dollar up or down. I would not get too caught up in that.

I think the focus should be to make an entry into crypto and then start trading a little back and forth between cryptos. You have to watch news cycles and chart analysis to gauge how to hop from one crypto to another. You can increase your crypto holdings this way over time. But you have to be careful because you could lose holdings as well. Or you can just buy some promising cryptos and hold it long term and forget about it for a few years. There are a lot of shitcoins out there that will go nowhere. I don't think Cardano is one of them.

Read up on Cardano and watch some videos. It looks extremely promising and could be some real competition for Ethereum. Anything could happen but there's a vast market for Ethereum, Cardano, Polkadot and a few others. Decentralization is going to be important moving forward. You could have a home loan on either of those blockchains. Or insurance and numerous other applications. Cardano is still under $1 and has not hit an all time high yet. I think it is not unrealistic to expect Cardano to hit $9-10 even in this market cycle. Long term it could go higher. You can get over 1000 ADA for $1000.

I'd rather have 1000 ADA than $1000 with the way the dollar is going with all the QE going on. That's just me. But realize cryptos will go up and down just like stocks. Traders are only human and some will take profits along the way. Somewhere out there are BTC holders with balls of steel that never sold their holdings for over a decade. I am sure they are glad that they never sold when Bitcoin was $1000 and now have a lot more options with Bitcoin priced close to $50,000.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 12, 2021, 08:58:19 PM
Ethereum is just itching to go over $1,900 and then $2,000. Today it already went up to $1,871. Would be great if it hit $2000 by Sunday! And then on to $20k!  8)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 12, 2021, 09:12:47 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 12, 2021, 09:19:43 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 12, 2021, 09:21:01 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 12, 2021, 09:37:53 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 12, 2021, 10:17:42 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 12, 2021, 10:56:43 PM
BTC leads the market so that is what needs to be considered first.

I think there is a very large question mark over growth possibility.

The usual progression is diminishing returns along a timeline. In BTC’s case it’s massive 12,000% in 2013 then 2,700% 2017 so arguably it should be less in 2021......

However one needs to consider the timeline and where we sit. Are we at the start? Middle? End?

If one suggests we are at the end, absolutely we would see greatly diminished returns in 2021. However if we are at the start, you cannot be confident in that outcome. It is extremely easy for growth to outperform a previous year in this instance.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 12, 2021, 11:26:49 PM
Quote from: Theoak* on February 12, 2021, 02:20:05 PM


ETH is dead on arrival because of the centralized development and decisions to observe the cult of Vitalik.  Forrtunately it has spawned some good experimentation and the baby DeFi is something to behold, all of which can be replicated on the bitcoin network's Rootstock sidechain, some fortunes will be made here for sure
RootStock can do everything ETH can do ... except uses bitcoins natively.

Which do you think Institutions will use to do DeFi when they are loaded up with Bitcoin?

A Bitcoin maximalist referring to Ethereum as a 'cult'?  ;D

Stablecoins such as USDC uses Ethereum and central banks will be issuing their own central bank digital currency (CBDC) in the future. Several central banks are experimenting with using Ethereum for their CBDC, working directly with a company owned by a co-founder of Ethereum.

And tokenised Bitcoin...uses Ethereum.

Bitcoin and many cryptocurrencies including Ether have been too volatile to use as currencies for payments and daily transactions.

For a currency, the most important element is stability, with low volatility. This is particularly important for businesses who need to plan ahead for orders, stock, shipments, equipment etc. This is where stablecoins come in, as they can be pegged to a currency or even a basket of currencies and can be used anywhere in the world.

Furthermore, like any market there will be several currencies and commodities.

Regarding the video, Raoul Pal is bullish on Ethereum, Lyn Alden is more neutral but still sees potential for Ethereum if their development stays on track. They are both bullish on stablecoins.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on February 12, 2021, 11:48:37 PM
Quote from: obsidian on February 12, 2021, 06:52:32 PM
Right now I am not interested in using cryptos to buy stuff with. That still needs to be developed. The time to invest in a technology is when all the kinks are still being worked out. By the time cryptos have been 100% integrated into payment systems it will be too late to make a ton of money off it.

I would suggest you see cryptos for the moment as a hedge against inflation with the dollar losing its value. Also note that different exchanges will have different prices for Bitcoin, Ethereum and others. For example Coinbase, Binance, Kraken, Coinmarket Cap, Coinranking etc. will all have slightly different realtime prices. But we are talking a few dollar up or down. I would not get too caught up in that.

I think the focus should be to make an entry into crypto and then start trading a little back and forth between cryptos. You have to watch news cycles and chart analysis to gauge how to hop from one crypto to another. You can increase your crypto holdings this way over time. But you have to be careful because you could lose holdings as well. Or you can just buy some promising cryptos and hold it long term and forget about it for a few years. There are a lot of shitcoins out there that will go nowhere. I don't think Cardano is one of them.

Read up on Cardano and watch some videos. It looks extremely promising and could be some real competition for Ethereum. Anything could happen but there's a vast market for Ethereum, Cardano, Polkadot and a few others. Decentralization is going to be important moving forward. You could have a home loan on either of those blockchains. Or insurance and numerous other applications. Cardano is still under $1 and has not hit an all time high yet. I think it is not unrealistic to expect Cardano to hit $9-10 even in this market cycle. Long term it could go higher. You can get over 1000 ADA for $1000.

I'd rather have 1000 ADA than $1000 with the way the dollar is going with all the QE going on. That's just me. But realize cryptos will go up and down just like stocks. Traders are only human and some will take profits along the way. Somewhere out there are BTC holders with balls of steel that never sold their holdings for over a decade. I am sure they are glad that they never sold when Bitcoin was $1000 and now have a lot more options with Bitcoin priced close to $50,000.

I'm talking about the average person. Someone can't just stash away money for ten years but may actually need in an emergency or when there is a good buying opportunity. So, you, and most here, don't care about that but if cryptos are going to be mainstream and increase in value they have to appeal to the masses. I don't hang around with big investors so in my circle of friends and acquaintances there is not a single person that is familiar with cryptos. They have heard of BTC but don't have a clue really what it is and what you do with it. You can tell me not to worry about the fluctuations in prices among various exchanges but it's not me you should be telling that to. It's to the retailer that comes back to me with his price which force me to go through the whole process again and send him the balance due that wasn't there just one day before.

And if you think the casual investor is going to watch videos and "read up" on this authority or that authority it isn't going to happen. Most people are just so busy with their jobs and rating and family and taking in an occasional Netflix episode. They know to buy Apple, Amazon, and FedEx but they can't make sense out of cryptos. I can't make sense of it. A guy is on a computer and "mines" a coin and we decide to give it value. Were these "coins" stashed away in a virtual cyber mountain before there was even an internet or they just appeared when Al Gore invented the internet and someone said what a neat mathematical algorithm this is and so lets give it value?

Of course, you can just say "Then they just lose out." just like many, many who are quite successful, don't bother with stocks and trading. But if it never becomes mainstream like real stocks I don't see how it can grow and it will hit a ceiling fast.

Wallets, Coinbase, value changes by the second, passwords that are impossible to remember and can never be retrieved. OK. People will be all over that.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 13, 2021, 12:33:38 AM
Quote from: pellius on February 12, 2021, 11:48:37 PM
I'm talking about the average person. Someone can't just stash away money for ten years but may actually need in an emergency or when there is a good buying opportunity. So, you, and most here, don't care about that but if cryptos are going to be mainstream and increase in value they have to appeal to the masses. I don't hang around with big investors so in my circle of friends and acquaintances there is not a single person that is familiar with cryptos. They have heard of BTC but don't have a clue really what it is and what you do with it. You can tell me not to worry about the fluctuations in prices among various exchanges but it's not me you should be telling that to. It's to the retailer that comes back to me with his price which force me to go through the whole process again and send him the balance due that wasn't there just one day before.

And if you think the casual investor is going to watch videos and "read up" on this authority or that authority it isn't going to happen. Most people are just so busy with their jobs and rating and family and taking in an occasional Netflix episode. They know to buy Apple, Amazon, and FedEx but they can't make sense out of cryptos. I can't make sense of it. A guy is on a computer and "mines" a coin and we decide to give it value. Were these "coins" stashed away in a virtual cyber mountain before there was even an internet or they just appeared when Al Gore invented the internet and someone said what a neat mathematical algorithm this is and so lets give it value?

Of course, you can just say "Then they just lose out." just like many, many who are quite successful, don't bother with stocks and trading. But if it never becomes mainstream like real stocks I don't see how it can grow and it will hit a ceiling fast.

Wallets, Coinbase, value changes by the second, passwords that are impossible to remember and can never be retrieved. OK. People will be all over that.

You're right. I'll let everyone know to sell today. Thanks for saving us all from making a huge mistake. I'm donating all.my profits to something more.improtant  like that chick that used gorilla glue on her head.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 13, 2021, 02:27:06 AM
https://decrypt.co/57629/bitcoin-ethereum-8-billion-market-mbtc?&utm_medium=referral&utm_campaign=feed&utm_source=coinmarketcap

As Bitcoin on Ethereum Tops $8 Billion, Another Player Enters the Market

As of today, there’s 173,032 Bitcoin on Ethereum, the equivalent to 3.74% of Ethereum’s market cap, or $8.2 billion. And $6 billion of that is in just one currency: wBTC, also known as Wrapped Bitcoin.

Now another company wants to take a crack at the growing market.

mStable, a self-described “meta-stablecoin” company, today launched mBTC, a cryptocurrency pegged to the price of stablecoins pegged to the price of Bitcoin. It’s the company’s second stablecoin following the launch of mUSD in May.

Bitcoin stablecoins are cryptocurrencies, usually based on Ethereum, that are pegged to the price of Bitcoin. Although the value of these stablecoins is just as volatile as Bitcoin, they are always worth the same as Bitcoin.

They’re minted so that Bitcoiners can invest their wealth in Ethereum’s decentralized finance smart contracts, such as lending protocols and non-custodial exchanges.

But if Ethereum’s market already has access to Bitcoin stablecoins, what’s the point of mStable, a meta-stablecoin?

The benefit of mStable comes from its structure, the company said: its value is pegged to a basket of all these Bitcoin stablecoins.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on February 13, 2021, 10:48:24 AM
Quote from: pellius on February 12, 2021, 11:48:37 PM
I'm talking about the average person. Someone can't just stash away money for ten years but may actually need in an emergency or when there is a good buying opportunity. So, you, and most here, don't care about that but if cryptos are going to be mainstream and increase in value they have to appeal to the masses. I don't hang around with big investors so in my circle of friends and acquaintances there is not a single person that is familiar with cryptos. They have heard of BTC but don't have a clue really what it is and what you do with it. You can tell me not to worry about the fluctuations in prices among various exchanges but it's not me you should be telling that to. It's to the retailer that comes back to me with his price which force me to go through the whole process again and send him the balance due that wasn't there just one day before.

And if you think the casual investor is going to watch videos and "read up" on this authority or that authority it isn't going to happen. Most people are just so busy with their jobs and rating and family and taking in an occasional Netflix episode. They know to buy Apple, Amazon, and FedEx but they can't make sense out of cryptos. I can't make sense of it. A guy is on a computer and "mines" a coin and we decide to give it value. Were these "coins" stashed away in a virtual cyber mountain before there was even an internet or they just appeared when Al Gore invented the internet and someone said what a neat mathematical algorithm this is and so lets give it value?

Of course, you can just say "Then they just lose out." just like many, many who are quite successful, don't bother with stocks and trading. But if it never becomes mainstream like real stocks I don't see how it can grow and it will hit a ceiling fast.

Wallets, Coinbase, value changes by the second, passwords that are impossible to remember and can never be retrieved. OK. People will be all over that.

Quote from: Theoak* on October 26, 2020, 06:01:21 AM
.

... bitcoin adoption is about MONEY adopting bitcoin, not poor people ... sorry if that upsets your socialistic sensibilities but that's the reality on the ground, I wish poor people would wise up and buy bitcoins for real, they always choose the corporate-guvvy shackles though

 

That was posted 2 months before btc subsequent bull run. It was MONEY pushing the price  to ATHs. Not your mom and pop investors.  This is why you will see a wave of BIG MONEY start allocating their balance sheets into btc.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 13, 2021, 11:02:00 AM
https://www.coindesk.com/market-wrap-ether-price-bitcoin-futures

Ether Sets New Highs as Bitcoin Stays Below $49K

The price of bitcoin struggled to regain $49,000 Friday, continuing to bounce between $48,000 and $46,000 heading into the weekend.

As bitcoin contemplated which way to go, ether made a new all-time high above $1,850.

Since CME’s futures launch, ether has rallied over 12%. The product has had a quiet start, with less than $200 million worth of contracts traded this week. In contrast, Binance’s ether futures have traded nearly $40 billion worth this week.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on February 13, 2021, 12:06:44 PM
Unfortunately, no one responded to this post and the stock went up ~33% this week, I’ll take another shot. How ‘bout it? The other one like it is MARA:

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 13, 2021, 12:57:02 PM
Quote from: Griffith on February 13, 2021, 11:02:00 AM
https://www.coindesk.com/market-wrap-ether-price-bitcoin-futures

Ether Sets New Highs as Bitcoin Stays Below $49K

The price of bitcoin struggled to regain $49,000 Friday, continuing to bounce between $48,000 and $46,000 heading into the weekend.

As bitcoin contemplated which way to go, ether made a new all-time high above $1,850.

Since CME’s futures launch, ether has rallied over 12%. The product has had a quiet start, with less than $200 million worth of contracts traded this week. In contrast, Binance’s ether futures have traded nearly $40 billion worth this week.

BTC is still too active for ETH to really rocket. We probably see BTC at 55k dragging ETH kicking and screaming to 2.1k. Then perhaps BTC settles and ETH can go to 3k.

We have seen BTC rocket, alt coins rocket, we really are due for an ETH rocket.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on February 13, 2021, 02:01:46 PM
Quote from: Bindare_Dundat on February 13, 2021, 12:33:38 AM
You're right. I'll let everyone know to sell today. Thanks for saving us all from making a huge mistake. I'm donating all.my profits to something more.improtant  like that chick that used gorilla glue on her head.

My point seems to have sailed blissfully over your head. I am pro BTC and want it to be successful. I am making the argument that it has to be more user friendly if it is ever going really grow. I mean, a lot of people today have trouble using their cc at the register. They are not going to bother with something like BTC the way it is today.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: evacnam on February 13, 2021, 02:02:50 PM
Quote from: pellius on February 13, 2021, 02:01:46 PM
My point seems to have sailed blissfully over your head. I am pro BTC and want it to be successful. I am making the argument that it has to be more user friendly if it is ever going really grow. I mean, a lot of people today have trouble using their cc at the register. They are not going to bother with something like BTC the way it is today.

Ill say. What a pain in the ass it is to get btc
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 13, 2021, 02:46:36 PM
Quote from: pellius on February 12, 2021, 11:48:37 PM
I'm talking about the average person. Someone can't just stash away money for ten years but may actually need in an emergency or when there is a good buying opportunity. So, you, and most here, don't care about that but if cryptos are going to be mainstream and increase in value they have to appeal to the masses. I don't hang around with big investors so in my circle of friends and acquaintances there is not a single person that is familiar with cryptos. They have heard of BTC but don't have a clue really what it is and what you do with it. You can tell me not to worry about the fluctuations in prices among various exchanges but it's not me you should be telling that to. It's to the retailer that comes back to me with his price which force me to go through the whole process again and send him the balance due that wasn't there just one day before.

And if you think the casual investor is going to watch videos and "read up" on this authority or that authority it isn't going to happen. Most people are just so busy with their jobs and rating and family and taking in an occasional Netflix episode. They know to buy Apple, Amazon, and FedEx but they can't make sense out of cryptos. I can't make sense of it. A guy is on a computer and "mines" a coin and we decide to give it value. Were these "coins" stashed away in a virtual cyber mountain before there was even an internet or they just appeared when Al Gore invented the internet and someone said what a neat mathematical algorithm this is and so lets give it value?

Of course, you can just say "Then they just lose out." just like many, many who are quite successful, don't bother with stocks and trading. But if it never becomes mainstream like real stocks I don't see how it can grow and it will hit a ceiling fast.

Wallets, Coinbase, value changes by the second, passwords that are impossible to remember and can never be retrieved. OK. People will be all over that.
I'm trying to help. You don't have to stash the money away for 10 years. Let's say you get 0.21 BTC ($10,000) worth of Bitcoin today @ $47,000 per Bitcoin. At the end of the year 1 Bitcoin is now worth $100,000. That means your 0.21 BTC is now not worth $10,000 but worth $100,000 / $47,000 = 2.127 x $10,000 =  $21,276.59

You can then cash out your original $10,000 investment and keep $11,276.59 on the house. That money could grow to more if Bitcoin goes higher because it would be denominated in BTC.

Stocks also change by the second. That's a given.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 13, 2021, 02:49:59 PM
Quote from: pellius on February 13, 2021, 02:01:46 PM
My point seems to have sailed blissfully over your head. I am pro BTC and want it to be successful. I am making the argument that it has to be more user friendly if it is ever going really grow. I mean, a lot of people today have trouble using their cc at the register. They are not going to bother with something like BTC the way it is today.
As I have said before it will become more user friendly. Meanwhile the price of Bitcoin and other digital assets will keep going up. Why do you want to buy into cryptos when all the user friendly issues have been resolved? By then the price will be very high and you will not have made any profits. You need to get in on the second or third level since the ground level has already been left behind.

I wish I bought Amazon, Tesla and Nvidia stocks at the ground level. I kept holding off and now look at the price of their shares.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 13, 2021, 02:53:46 PM
Pellius, just be careful. Crypotos can wreck you as well since the market is very volatile I agree with you on that part. The price of Bitcoin and other Cryptos will correct at some point. I'd hate for you to dump money into this and then the investment loses money and you sell at the bottom.

The question is where are we right now? Optimism, Belief, Thrill, Euphoria or Complacency?

(https://i.redd.it/u6gmliqxyzj11.jpg)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on February 13, 2021, 03:05:56 PM
Quote from: obsidian on February 13, 2021, 02:49:59 PM
As I have said before it will become more user friendly. Meanwhile the price of Bitcoin and other digital assets will keep going up. Why do you want to buy into cryptos when all the user friendly issues have been resolved? By then the price will be very high and you will not have made any profits. You need to get in on the second or third level since the ground level has already been left behind.

I wish I bought Amazon, Tesla and Nvidia stocks at the ground level. I kept holding off and now look at the price of their shares.

Wouldn’t the blockchain be the more accessible play? Moreover, from my understanding, they’ll grow regardless of which Crypto takes off.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 13, 2021, 03:36:37 PM
Quote from: Thin Lizzy on February 13, 2021, 03:05:56 PM
Wouldn’t the blockchain be the more accessible play? Moreover, from my understanding, they’ll grow regardless of which Crypto takes off.
Depends on Bitcoin's price and mining difficulty. MARA was highly profitable the past year and outpaced most cryptos. Except for a few like Dogecoin!  ;D

But MARA will decline if the price of Bitcoin corrects or as the mining difficulty increases - which it will.

https://investorplace.com/moneywire/2021/01/marathon-patent-mara-stock-is-not-a-wise-play-even-for-crypto-bulls/

MARA Stock Soars
And so we’ve seen MARA post rallies that have dramatically outpaced that of Bitcoin itself.

As I write this, Bitcoin in dollars has rallied 268% over the past year. MARA is up a staggering 1,844%. Over the last three months, the underlying currency has spiked 158%; MARA’s returns are over 500%.

In theory, the outperformance of the stock makes some sense. Again, MARA is leveraged to the price of Bitcoin. Marathon Patent has agreements for fixed electricity costs at its Hardin, Montana mine. Operating expenses will rise with the price, but certainly not at the same rate. If Bitcoin’s price in dollars doubles, Marathon Patent’s expenses will increase at a far slower rate.

But that theoretical case doesn’t necessarily explain the vast divergence. Even Marathon itself has highlighted a pair of incredible spikes in its most recent investor presentation.

From July 17 to Aug. 17 of last year, MARA gained 313% on the back of a 34% climb in Bitcoin. From Nov. 20 to Dec. 22, MARA posted almost the same return (312%), while Bitcoin gained just 28%.

Those moves don’t look like good news. They look like investors flooding a stock and boosting it well beyond any reasonable valuation.

A Lot to Prove

Indeed, Marathon Patent took advantage of the December spike to sell $250 million of its stock. Chief executive officer Merrick Okamoto sold $12 million of his own stake around the same time.

Now, the equity offering is raising capital. And I won’t begrudge Okamoto for taking some money off the table. But it’s at least fair to ask why management isn’t quite as bullish about MARA stock as so many investors seem to be at the moment.

But that’s not the biggest problem. The biggest problem is that Marathon Patent hasn’t done anything yet. Its investor presentation highlights huge potential profit out in the future, but current results are piddling. Marathon generated less than $1 million in revenue in the third quarter. Its huge rig order won’t be delivered until the second half of this year at the earliest.

Meanwhile, the company’s profit projections include one significant disclaimer: the so-called “difficulty rate.” Marathon is saying, basically, that if the amount of Bitcoin it can mine holds steady, it will make a lot of money. But that’s not how Bitcoin works. The difficulty rate has gone up over time, and it will likely continue to do so.

If it does, Marathon’s profits aren’t nearly as big as its charts — showing potentially $50 million per month in gross profit — suggest. They’re likely not even close. And the big outperformance in MARA stock of late is not pricing in that outcome.

To be fair, this can work. But I’m far from convinced. This is a former “patent troll” (hence the corporate name) that pivoted to Bitcoin mining when its old business model flamed out. I’d like to see some evidence that the new one is working before I consider recommending MARA stock instead of Bitcoin itself.

On the date of publication, neither Matt McCall nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in the article.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on February 13, 2021, 07:06:46 PM
Thanks. How about this one? This is not something I would invest serious money in. But taking a flyer for a few grand why not?


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on February 13, 2021, 07:26:17 PM
Quote from: obsidian on February 13, 2021, 02:46:36 PM
I'm trying to help. You don't have to stash the money away for 10 years. Let's say you get 0.21 BTC ($10,000) worth of Bitcoin today @ $47,000 per Bitcoin. At the end of the year 1 Bitcoin is now worth $100,000. That means your 0.21 BTC is now not worth $10,000 but worth $100,000 / $47,000 = 2.127 x $10,000 =  $21,276.59

You can then cash out your original $10,000 investment and keep $11,276.59 on the house. That money could grow to more if Bitcoin goes higher because it would be denominated in BTC.

Stocks also change by the second. That's a given.

Hah! Don't get me wrong. I have great hopes for BTC and it's been good to me. I ain't high rollers like you guys and put in a grand when it was at 31,000 just a couple of months ago.  Easy money. Now I'm trying learn more about since I think this the real deal. Right now I think the main problem is accessibility and ease of use. You investment guys are a tiny minority. I'm looking at the average Joe that can handle a smartphone. The more people buying in the higher the value. And the big money is always in the middle class.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 13, 2021, 07:36:57 PM
Quote from: pellius on February 13, 2021, 07:26:17 PM
Hah! Don't get me wrong. I have great hopes for BTC and it's been good to me. I ain't high rollers like you guys and put in a grand when it was at 31,000 just a couple of months ago.  Easy money. Now I'm trying learn more about since I think this the real deal. Right now I think the main problem is accessibility and ease of use. You investment guys are a tiny minority. I'm looking at the average Joe that can handle a smartphone. The more people buying in the higher the value. And the big money is always in the middle class.

The difficulty in understanding BTC is why you should be getting in now. PayPay, Visa, and the retail banks will "dumb it down" and make it easy for the masses. By then though, being a one-coiner will be out of reach for many, and the masses will be a treadmill cycle for working for and being paid in Satoshies on a real time basis.

I have told you before. BUY. HODL. The rest will take care of itself.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 13, 2021, 07:40:30 PM
Quote from: obsidian on February 13, 2021, 02:53:46 PM
Pellius, just be careful. Crypotos can wreck you as well since the market is very volatile I agree with you on that part. The price of Bitcoin and other Cryptos will correct at some point. I'd hate for you to dump money into this and then the investment loses money and you sell at the bottom.

The question is where are we right now? Optimism, Belief, Thrill, Euphoria or Complacency?

(https://i.redd.it/u6gmliqxyzj11.jpg)

Mr Anabolic got stuck somewhere between the denial, anger and depression phases. I still have hope that he makes progress to acceptance...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 13, 2021, 08:07:00 PM
Quote from: evacnam on February 13, 2021, 02:02:50 PM
What a pain in the ass it is to get btc

This is why you should some now. Early bird catches the worm. It will be dumbed down and made easy for the masses in due course...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 13, 2021, 08:32:42 PM
Quote from: obsidian on February 12, 2021, 04:37:05 PM
Here is an analogy for you. You need a certain amount of horsepower to drive a car at 300 mph. As the speed goes up the amount of horsepower required increases dramatically. To get to 400 mhp is a huge leap. Much bigger than 100 mph - 200 mph and 200 mph - 300 mph.

Same thing goes for Bitcoin. For Bitcoin to double requires a lot more capital inflow compared to a smaller asset like Ethereum or Cardano.

You would need another trillion dollar investment in Bitcoin to get it to $100,000. As Bitcoin gets more and more expensive investors will start looking at alternatives. Let's face it we are all here to make some money with our fiats.

Sure Bitcoin going from $50,000 to $100,000 might sound a lot more impressive than Cardano going from $1 to $3 but the latter will offer a bigger return for a new investor - 100% vs 200%. Too many people are caught up with the high price of Bitcoin. It is impressive if you already have 1000 Bitcoins. If you have no Bitcoins it means you have to fork over a lot just to get 1.

This is why I am not as bullish with Bitcoin. It will go up in price but so will the others. And the others will go up by a larger percentage. Bitcoin is not the best investment for new investors imo.

Onsidian, you are smart but I think you also realize the idiocy of this type of thinking.  Yes, I can create a 100,000 coins tomorrow, valued with a market cap of $1. And then sell 50% of the coins to you at $100. Netting me a very impressive gain. This does not mean that what I have created will scale or be widely adopted as a store of value. As a market get more frothy people will look for "alts" in the believe they are "cheaper". Reality is they are simply contributing money to a pump and dump scam. Focus should be on Bitcoin. And Sats are still cheap. 1000 Sats for just USD 49 cents right now...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 13, 2021, 08:38:02 PM
Quote from: Griffith on February 12, 2021, 11:26:49 PM
A Bitcoin maximalist referring to Ethereum as a 'cult'?  ;D

Stablecoins such as USDC uses Ethereum and central banks will be issuing their own central bank digital currency (CBDC) in the future. Several central banks are experimenting with using Ethereum for their CBDC, working directly with a company owned by a co-founder of Ethereum.

And tokenised Bitcoin...uses Ethereum.

Bitcoin and many cryptocurrencies including Ether have been too volatile to use as currencies for payments and daily transactions.

For a currency, the most important element is stability, with low volatility. This is particularly important for businesses who need to plan ahead for orders, stock, shipments, equipment etc. This is where stablecoins come in, as they can be pegged to a currency or even a basket of currencies and can be used anywhere in the world.

Furthermore, like any market there will be several currencies and commodities.

Regarding the video, Raoul Pal is bullish on Ethereum, Lyn Alden is more neutral but still sees potential for Ethereum if their development stays on track. They are both bullish on stablecoins.

Bullish on stablecoins??? For usage as a utility yes. For increase in value, NO. Their whole inherent value proposition is that they stay "stable" as an exact peg to a fiat currency. So their usage will go up, but their value will actually drop over time, Ie - it will over time cost more in a stable coin, to buy the same Bitcoin.

Eth is a utility. Not a store of value. That does not stop some confusing the two though and trading Eth like a store of value. Which is what we are seeing occur now, and markets get frothy.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on February 13, 2021, 10:07:03 PM
Quote from: gib on February 13, 2021, 07:36:57 PM
The difficulty in understanding BTC is why you should be getting in now. PayPay, Visa, and the retail banks will "dumb it down" and make it easy for the masses. By then though, being a one-coiner will be out of reach for many, and the masses will be a treadmill cycle for working for and being paid in Satoshies on a real time basis.

I have told you before. BUY. HODL. The rest will take care of itself.

So are you saying that if more people start buying BTC because it's easier, or "dumb downed" that is a bad thing?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 13, 2021, 10:19:47 PM
The possible flaw in arguing that smaller caps must grow easier is you are assuming those others actually have a purpose to attract capital to begin with.

BTC will hit 250k in 12 months time. It is the King of crypto. That is 5x pretty much. It has a strong purpose. Institutions are buying BtC and perhaps ETH.

To attract capital you need to be legit. There are 7,000 alt coins to choose from. You might have 5 do crazy well and another 25 do pretty good. The rest will be buckets of shit compared to BTC, ETH and maybe 30 top alts.

Therefore the question becomes do you take on risk of buying Alta in the search for higher gains or do you accept much lower risk and go with BTC for what is still wicked gains?

The chat rooms are filled with alt coin talk. Dominated by coins I have never heard of that are capped in the millions because the buyer wants to invest $500 and turn it into a million.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 14, 2021, 12:59:29 AM
Quote from: pellius on February 13, 2021, 10:07:03 PM
So are you saying that if more people start buying BTC because it's easier, or "dumb downed" that is a bad thing?

Thats not what he said. All he said was eventually buying and selling bitcoin will be easier for the average user because there will be avenues in place to make it easier,  when more adoption takes place.
In the meantime buy fractions of bitcoin if you cant afford a whole one and sit on it long term.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 14, 2021, 01:03:48 AM
Quote from: Mayday on February 13, 2021, 10:19:47 PM
The possible flaw in arguing that smaller caps must grow easier is you are assuming those others actually have a purpose to attract capital to begin with.

BTC will hit 250k in 12 months time. It is the King of crypto. That is 5x pretty much. It has a strong purpose. Institutions are buying BtC and perhaps ETH.

To attract capital you need to be legit. There are 7,000 alt coins to choose from. You might have 5 do crazy well and another 25 do pretty good. The rest will be buckets of shit compared to BTC, ETH and maybe 30 top alts.

Therefore the question becomes do you take on risk of buying Alta in the search for higher gains or do you accept much lower risk and go with BTC for what is still wicked gains?

The chat rooms are filled with alt coin talk. Dominated by coins I have never heard of that are capped in the millions because the buyer wants to invest $500 and turn it into a million.

People are making a killing off alts no doubt. 25% increases over night.  100% increases in a couple of days. Who knows what will happen the following week? But so far the only utility I see is buying bullshit like trading cards and digital art, etc...there are some that are working on bridging between different platform tokens and coins but so far I dont see anything there that should allow for these crazy gains. Maybe I'm just not hip enough to understand all the interest. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 14, 2021, 02:04:54 AM
Quote from: Mayday on February 13, 2021, 10:19:47 PM
The possible flaw in arguing that smaller caps must grow easier is you are assuming those others actually have a purpose to attract capital to begin with.

BTC will hit 250k in 12 months time. It is the King of crypto. That is 5x pretty much. It has a strong purpose. Institutions are buying BtC and perhaps ETH.

To attract capital you need to be legit. There are 7,000 alt coins to choose from. You might have 5 do crazy well and another 25 do pretty good. The rest will be buckets of shit compared to BTC, ETH and maybe 30 top alts.

Therefore the question becomes do you take on risk of buying Alta in the search for higher gains or do you accept much lower risk and go with BTC for what is still wicked gains?

The chat rooms are filled with alt coin talk. Dominated by coins I have never heard of that are capped in the millions because the buyer wants to invest $500 and turn it into a million.

Exactly.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 14, 2021, 02:15:32 AM
https://thedefiant.substack.com/p/mark-cuban-eth-has-an-advantage-over-12f

Mark Cuban: "ETH Has an Advantage Over BTC as a Store of Value"

But what he’s really excited about is smart contracts, which are allowing developers to make any decentralized application they can dream of, sparking innovation and compounding network effects, and most importantly, laying the foundation for what he calls “friction-free banking.”

Because most of this innovation is happening on Ethereum, he believes ETH is becoming a better store of value than BTC.

''I was all in on blockchain, but the argument on Bitcoin in particular was always it was going to be a currency. And over the next five years, I was certainly a naysayer. And to this day, I'm not a believer that Bitcoin will become a currency.

So what really changed was one, watching people change their mind about it being a currency, and start recognizing that it's only a store of value; and two, starting to see the maturation of blockchain apps, particularly on Ethereum; and then three, this past summer, watching on DeFi go nuts.

So for me DeFi, I really was okay now, blockchain in particular, is really starting to mature. You're starting to see applications that are really coming into play. You're starting to see NFT. And it's not so much just about how much is sold and market value, but more just that people are becoming more comfortable with it. And so we're starting to see these applications that are just popping up left and right.

And it reminded me so much of the early days of the internet, where the mid-90s people started talking about internet applications, but the internet had been around for 10 years, right? But it was mostly in universities. And so it was very analogous to what's going on with blockchain. You had early adopter applications.

You had banks and private organizations trying to use blockchain. You had people trying to come up with new ways to use it. And then bam, smart contracts came along, and it just blew up. And Bitcoin no longer was all about, well, it's going to be a currency and people would argue about the block size and all that shit, right? It was more now, okay, what can smart contracts do?

And now that people have come up with these ideas, and people are starting to put money into it, you're really starting to see it. So that's what's got me really excited lately.''

"Reserve currencies tend to stick around as long as they're reserve currencies and there are always multiple currencies. If one falters, another one stays there....there's always a currency there to take it's place.

''The pound has been around for hundreds of years, it used to be a reserve currency, but hasn't collapsed yet''

''The reality is that most fiat money is digital right now. And there will be a point when sovereign governments use their own digital coins because it's going to be cheaper.''

''Now you can start selling digital assets...when I realised there was a thing saying 'retail percentage' that when I put up something for sale and it got resold, I got a percentage, and it could track it every time it's sold, for evermore, and I would get continued to be paid, that was the gamechanger. That changes how music, how video, how the internet is going to work, forever.

''If you're a professional photographer, you put your photos on mintable or rarible, and every time it get sold, you get paid. And same with music videos, put it where you can tokenise it, and keep on getting paid. That is enormous, that is such a gamechanger, that traditional industries which sell digital goods haven't even recognised that.

"I was the first in streaming, the first in digital TV, when everyone said no, the point is I always try to follow these little niches that I think can blow up...and for me, NFTs are an enormous opportunity.''

''Ethereum is easy and that's become your currency for most swaps and it's become the currency for a lot of smart contracts...and I've held a lot of Ethereum since they've been doing smart contracts...I think Ethereum right now has an advantage over Bitcoin in terms of regular people, as a store of value and transactional because as more people get into NFT's all they're going to know is Ethereum and they're all going to have to buy Ethereum in order to do it.''

Interviewer: 'Wow, so you think Ethereum has an advantage over Bitcoin as a store of value?'

''Right now, for new people coming in, yes, here's my logic: if I decide I like digital art, how do I buy digital art? With Ether. And if there are thousands of people a day, two thousand people a day, coming in, relative to the size of the number of people doing this, that's impactful, because every now and then one of them is going to be a whale and they're going to buy a thousand Ether, to buy that big artwork. And on top of that, we're going to see music and entertainment videos and movies, hosted on rarible or whatever, because that's a better way to sell it.''

"There's nothing in this ecosystem that says you need to buy Bitcoin first in order to transact in Defi or within any of the digital goods marketplaces.''

"With digital goods, once it goes in the marketplace, I can continue to get paid. If I'm a photographer or musician or company which distributes movies, I get paid 15, 20, 30 percent every single time it's resold. That ability is crazy important. For NFT's and digital collectibles, also don't have to worry about grading.''

"If I'm going to buy new stuff, I'm going to buy Ethereum on a pullback before I buy Bitcoin, so when Bitcoin pulled back to 30 thousand, I didn't buy more. If Ethereum did pull back to a thousand, I did buy more, and if it does again I will buy more.''

"Like the early days of the internet, with Defi, you invest in the pick and shovels before you invest in the winners.''

"Like the early the days of the internet, the user interface was a pain in the ass, the user interface right now is horrible, but there are a bunch of them starting to get it right. A lot of this going to change and that's where the opportunity is. And that also means that people coming in are going to create some cool apps we haven't seen yet.''

''In the early days of the pandemic, I would always say, when we look back at 2020, there's going to a bunch of companies that changed the game, that's Defi. America 2.0 is going to be built on blockchain, and a big part of that is going to be Defi.''
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 14, 2021, 05:01:03 AM
Crypto Kirby is an awesome technical chart analyzer. Watch him look at the situation with Bitcoin and Ethereum.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on February 14, 2021, 06:21:57 AM
$ 49,016.91
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: wave_length on February 14, 2021, 09:55:18 AM
Quote from: Mayday on February 13, 2021, 10:19:47 PM
The possible flaw in arguing that smaller caps must grow easier is you are assuming those others actually have a purpose to attract capital to begin with.

BTC will hit 250k in 12 months time. It is the King of crypto. That is 5x pretty much. It has a strong purpose. Institutions are buying BtC and perhaps ETH.

To attract capital you need to be legit. There are 7,000 alt coins to choose from. You might have 5 do crazy well and another 25 do pretty good. The rest will be buckets of shit compared to BTC, ETH and maybe 30 top alts.

Therefore the question becomes do you take on risk of buying Alta in the search for higher gains or do you accept much lower risk and go with BTC for what is still wicked gains?

The chat rooms are filled with alt coin talk. Dominated by coins I have never heard of that are capped in the millions because the buyer wants to invest $500 and turn it into a million.

If you want even less risk, you need a crypto portfolio that follows total crypto market cap as close as possible. That's what I did.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 14, 2021, 12:44:47 PM
Quote from: wave_length on February 14, 2021, 09:55:18 AM
If you want even less risk, you need a crypto portfolio that follows total crypto market cap as close as possible. That's what I did.

Personally I wouldn’t do that and I’d go with a BTC and call it a day.

The entry point into BTC is going to determine everything and massively skew the data if you get that wrong given it would be given the most weight in a mixed basket of crypto.

In addition nobody is sure what alts are really going to perform the best so if you buy the wrong one it will also skew the data of the mixed bag.

Then there is the question of exiting which also skews the data because BTC, ETH, alts all have different pricing waves.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 14, 2021, 01:10:09 PM
Quote from: Mayday on February 14, 2021, 12:44:47 PM
Personally I wouldn’t do that and I’d go with a BTC and call it a day.

The entry point into BTC is going to determine everything and massively skew the data if you get that wrong given it would be given the most weight in a mixed basket of crypto.

In addition nobody is sure what alts are really going to perform the best so if you buy the wrong one it will also skew the data of the mixed bag.

Then there is the question of exiting which also skews the data because BTC, ETH, alts all have different pricing waves.

We have seen some decoupling with ETH from BTC though, when BTC was dropping from 44K to 30K, ETH was surging to new ATH’s. Before the Tesla announcement it was looking like BTC could drop to 26K or 21K.

We’ve seen that when there isn’t much movement with BTC (and even a large pullback) then ETH tends to benefit. You mentioned different pricing waves, but as Defi and ETH develops perhaps we could see more of a decoupling.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on February 14, 2021, 01:20:14 PM
Quote from: Griffith on February 14, 2021, 02:15:32 AM
https://thedefiant.substack.com/p/mark-cuban-eth-has-an-advantage-over-12f

Mark Cuban: "ETH Has an Advantage Over BTC as a Store of Value"

But what he’s really excited about is smart contracts, which are allowing developers to make any decentralized application they can dream of, sparking innovation and compounding network effects, and most importantly, laying the foundation for what he calls “friction-free banking.”

Because most of this innovation is happening on Ethereum, he believes ETH is becoming a better store of value than BTC.

''I was all in on blockchain, but the argument on Bitcoin in particular was always it was going to be a currency. And over the next five years, I was certainly a naysayer. And to this day, I'm not a believer that Bitcoin will become a currency.

So what really changed was one, watching people change their mind about it being a currency, and start recognizing that it's only a store of value; and two, starting to see the maturation of blockchain apps, particularly on Ethereum; and then three, this past summer, watching on DeFi go nuts.

So for me DeFi, I really was okay now, blockchain in particular, is really starting to mature. You're starting to see applications that are really coming into play. You're starting to see NFT. And it's not so much just about how much is sold and market value, but more just that people are becoming more comfortable with it. And so we're starting to see these applications that are just popping up left and right.

And it reminded me so much of the early days of the internet, where the mid-90s people started talking about internet applications, but the internet had been around for 10 years, right? But it was mostly in universities. And so it was very analogous to what's going on with blockchain. You had early adopter applications.

You had banks and private organizations trying to use blockchain. You had people trying to come up with new ways to use it. And then bam, smart contracts came along, and it just blew up. And Bitcoin no longer was all about, well, it's going to be a currency and people would argue about the block size and all that shit, right? It was more now, okay, what can smart contracts do?

And now that people have come up with these ideas, and people are starting to put money into it, you're really starting to see it. So that's what's got me really excited lately.''

"Reserve currencies tend to stick around as long as they're reserve currencies and there are always multiple currencies. If one falters, another one stays there....there's always a currency there to take it's place.

''The pound has been around for hundreds of years, it used to be a reserve currency, but hasn't collapsed yet''

''The reality is that most fiat money is digital right now. And there will be a point when sovereign governments use their own digital coins because it's going to be cheaper.''

''Now you can start selling digital assets...when I realised there was a thing saying 'retail percentage' that when I put up something for sale and it got resold, I got a percentage, and it could track it every time it's sold, for evermore, and I would get continued to be paid, that was the gamechanger. That changes how music, how video, how the internet is going to work, forever.

''If you're a professional photographer, you put your photos on mintable or rarible, and every time it get sold, you get paid. And same with music videos, put it where you can tokenise it, and keep on getting paid. That is enormous, that is such a gamechanger, that traditional industries which sell digital goods haven't even recognised that.

"I was the first in streaming, the first in digital TV, when everyone said no, the point is I always try to follow these little niches that I think can blow up...and for me, NFTs are an enormous opportunity.''

''Ethereum is easy and that's become your currency for most swaps and it's become the currency for a lot of smart contracts...and I've held a lot of Ethereum since they've been doing smart contracts...I think Ethereum right now has an advantage over Bitcoin in terms of regular people, as a store of value and transactional because as more people get into NFT's all they're going to know is Ethereum and they're all going to have to buy Ethereum in order to do it.''

Interviewer: 'Wow, so you think Ethereum has an advantage over Bitcoin as a store of value?'

''Right now, for new people coming in, yes, here's my logic: if I decide I like digital art, how do I buy digital art? With Ether. And if there are thousands of people a day, two thousand people a day, coming in, relative to the size of the number of people doing this, that's impactful, because every now and then one of them is going to be a whale and they're going to buy a thousand Ether, to buy that big artwork. And on top of that, we're going to see music and entertainment videos and movies, hosted on rarible or whatever, because that's a better way to sell it.''

"There's nothing in this ecosystem that says you need to buy Bitcoin first in order to transact in Defi or within any of the digital goods marketplaces.''

"With digital goods, once it goes in the marketplace, I can continue to get paid. If I'm a photographer or musician or company which distributes movies, I get paid 15, 20, 30 percent every single time it's resold. That ability is crazy important. For NFT's and digital collectibles, also don't have to worry about grading.''

"If I'm going to buy new stuff, I'm going to buy Ethereum on a pullback before I buy Bitcoin, so when Bitcoin pulled back to 30 thousand, I didn't buy more. If Ethereum did pull back to a thousand, I did buy more, and if it does again I will buy more.''

"Like the early days of the internet, with Defi, you invest in the pick and shovels before you invest in the winners.''

"Like the early the days of the internet, the user interface was a pain in the ass, the user interface right now is horrible, but there are a bunch of them starting to get it right. A lot of this going to change and that's where the opportunity is. And that also means that people coming in are going to create some cool apps we haven't seen yet.''

''In the early days of the pandemic, I would always say, when we look back at 2020, there's going to a bunch of companies that changed the game, that's Defi. America 2.0 is going to be built on blockchain, and a big part of that is going to be Defi.''

this is the same Mark Cuban who told all the redditors to stay in Gamestop when it was tanking.Literally nobody thinks eth is a better store of value than BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on February 14, 2021, 01:37:12 PM
Quote from: Mayday on February 14, 2021, 12:44:47 PM
Personally I wouldn’t do that and I’d go with a BTC and call it a day.

The entry point into BTC is going to determine everything and massively skew the data if you get that wrong given it would be given the most weight in a mixed basket of crypto.

In addition nobody is sure what alts are really going to perform the best so if you buy the wrong one it will also skew the data of the mixed bag.

Then there is the question of exiting which also skews the data because BTC, ETH, alts all have different pricing waves.

That’s a strong uptrend. I wouldn’t be surprised to see it go to 60K before there’s a pullback.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 14, 2021, 01:51:45 PM
Quote from: Army of One on February 14, 2021, 01:20:14 PM
this is the same Mark Cuban who told all the redditors to stay in Gamestop when it was tanking.Literally nobody thinks eth is a better store of value than BTC.

He is arguing that digital assets, NFTs and Defi could become mainstream, and if so, it will be Ethereum which is used for this.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on February 14, 2021, 03:58:18 PM
Quote from: Griffith on February 14, 2021, 01:51:45 PM
He is arguing that digital assets, NFTs and Defi could become mainstream, and if so, it will be Ethereum which is used for this.

Maybe Ethereum can come up with something cool vis-à-vis all those eggheads working together but a better 'store of value' in comparison to bitcoin?

Bitcoin is a decentralized algorithm whose production is cut in half every 4 years. Nobody can stop it. It can't be fucked with.

Ethereum is a centralized project headed by a group of guys. These guys can change the rules at their own whim. There is a door to knock on if governments want to shut the entire thing down.

I think some of you people need to step away from the youtube videos promising SICK 12,682% life changing gainzzzzz and really take a deep hard look into where you are putting your money into.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 14, 2021, 05:00:28 PM
Quote from: Thin Lizzy on February 14, 2021, 01:37:12 PM
That’s a strong uptrend. I wouldn’t be surprised to see it go to 60K before there’s a pullback.

I had 55k pegged as the next target from 40k so 55-60 is a good ballpark.

The spanner in the works for pullbacks is institutions. I expected a larger pullback from 40k and it didn’t happen. Elon bought it all and fucked me up lol. I was wrong about the pullback but correct about the rally at least.

So let’s say we hit 55-60, the pullback could be mild again as the next big money gobbles up the downtrend.

I think shit has got real. I feel this means we can’t trust market pullbacks as a sell signal because they could be intentional and be a signal of a new market participant entering the market.

I also don’t think we can believe in diminished returns for growth over previous years because we do not have an established market yet. Dimished returns happens when a market is in a maturing phase. We have had Only Tesla join which is only 1 out of thousands of organisations wanting to get in.

This means we are still in the establishment phase and therefore growth can well exceed 2017. I think we will see a peak which will be a takeout, lots of people sell then suddenly it reverses and boosts to 250k before having a proper cool down.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 14, 2021, 05:47:10 PM
Quote from: polychronopolous on February 14, 2021, 03:58:18 PM
Maybe Ethereum can come up with something cool vis-à-vis all those eggheads working together but a better 'store of value' in comparison to bitcoin?

Bitcoin is a decentralized algorithm whose production is cut in half every 4 years. Nobody can stop it. It can't be fucked with.

Ethereum is a centralized project headed by a group of guys. These guys can change the rules at their own whim. There is a door to knock on if governments want to shut the entire thing down.

I think some of you people need to step away from the youtube videos promising SICK 12,682% life changing gainzzzzz and really take a deep hard look into where you are putting your money into.
Ethereum has already come up with something cool. Smart Contracts. And they are working towards Proof of Stake. This will reduce the power usage of the Ethereum Network. Transaction speed will also shoot up dramatically.

The past 5 years Ethereum has outperformed Bitcoin. Go look at the charts and compare their gains. An investor would have made more money investing $10,000 in Ethereum 5 years ago than investing $10,000 in Bitcoin.

Bitcoin is a Proof of Work project - as Ethereum is. Ethereum 2.0 is Proof of Stake. So Bitcoin will continue to use a lot of electrical power. Governments can shutoff electrical supply to Bitcoin mining operations as they have done in China. They can ban it as India is planning to do. You think the price will not be volatile if that happens? Let's say only a few nations or banana republics allow Bitcoin mining operations. Now that becomes a single, centralized point of failure. Hell China already account for more than 50% of Bitcoin mining. That makes it centralized. Without mining Bitcoin will cease to exist because transactions won't be processed.

Ethereum has over 7000 nodes vs Bitcoin's 11,000 nodes. It is hardly centralized. And we know who founded Ethereum but Ethereum is not controlled by the founders. So that is not a correct statement Ethereum is decentralized. Ripple is more centralized.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 14, 2021, 05:49:08 PM
https://www.ibtimes.com/heres-why-ethereum-could-beat-bitcoin-best-asset-2021-3129902
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 14, 2021, 05:52:29 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 14, 2021, 06:28:25 PM
Brutal smackdown inside 15mins from 48.2k to 45.8k crucifying anyone who was long.

Then rally up, down, up, down..... this is what I mean in my post above. The big holders are messing with everything and the weird stuff is seemingly flagging a new buyer entering the game, or an existing buyer increasing their position.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 14, 2021, 06:37:11 PM
Quote from: Mayday on February 14, 2021, 06:28:25 PM
Brutal smackdown inside 15mins from 48.2k to 45.8k crucifying anyone who was long.

Then rally up, down, up, down..... this is what I mean in my post above. The big holders are messing with everything and the weird stuff is seemingly flagging a new buyer entering the game, or an existing buyer increasing their position.
Meanwhile I just HODL through all that shit lol! I was holding when the crypto market crashed in 2018-2019. I don't give a fuck lol! I'd rather see my crypto holdings go to zero than sell and see it go to the moon. Yes sometimes you gotta sell some to try and get more. Because let's face it cryptos go up and down as people take profits.

Go look at what happened to Bitcoin in 2017. It was going up to almost $5,000. Then it corrected down to $3,600. Gradually it pumped up to $20,000. Then it had the final crash down to $3500.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 14, 2021, 06:38:27 PM
Corrections are going to happen and are healthy. Things can't just go up and up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 14, 2021, 07:20:12 PM
Quote from: obsidian on February 14, 2021, 05:52:29 PM


lol that Mark Cuban really is a buffoon. He's already a joke among the silicon valley tech community, but seems to appeal to the "average American", perhaps because he bought a sports team? Also always easy for him to give "sound bites" to dumbed down mainstream media, including on matters of "business and finance".

To call Eth (essentially computer code enabling smart contracts - an experimental concept which will of course be duplicated and made entirely free once perfected), with BTC (first layer money) is ludacris.

it's very obvious what happened in his little bird-brained mind. Something like this...

"Hmm, I missed out on Bitcoin. (I know I was wrong, and I wished I hadn't been). Dohhhh, I know what? I'll buy some Eth because it looks "cheaper". Then, after I've done that, I'll then go out pretend I know a little about "smart contracts" and then somehow mix that concept with Eth being "even better money than Bitcoin". I'll get some publicly as mainstream media know me as a "tech innovator".

Lol - good luck with that, genius Cuban. :) Not quite as easy as that, and you just lost all crypto cred (not that you actually had any in the first place)...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 14, 2021, 07:30:01 PM
Quote from: polychronopolous on February 14, 2021, 03:58:18 PM
Maybe Ethereum can come up with something cool vis-à-vis all those eggheads working together but a better 'store of value' in comparison to bitcoin?

Bitcoin is a decentralized algorithm whose production is cut in half every 4 years. Nobody can stop it. It can't be fucked with.

Ethereum is a centralized project headed by a group of guys. These guys can change the rules at their own whim. There is a door to knock on if governments want to shut the entire thing down.

I think some of you people need to step away from the youtube videos promising SICK 12,682% life changing gainzzzzz and really take a deep hard look into where you are putting your money into.

Fully agree.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on February 14, 2021, 08:12:19 PM
Both my mother and my weed addled contractor asked me about cryptocurrency this week.

That's either good news for crypto or the equivalent of the shoeshine boy giving stock tips.  ;)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 14, 2021, 08:25:38 PM
Quote from: SOMEPARTS on February 14, 2021, 08:12:19 PM
Both my mother and my weed addled contractor asked me about cryptocurrency this week.

That's either good news for crypto or the equivalent of the shoeshine boy giving stock tips.  ;)

Well thing is that unlike other types of bubbles (stock being the perfect example), its impossible to create more Bitcoin than there are. With stocks, and the tech bubble, more and more ".coms" were being created. Eventually it had to pop. Bitcoin is different in that there is no extra supply that can ever be created beyond what the algorithm allows. (And this of course why we see scammers and shysters coming along creating and promoting "alts"). So long as they buy Bitcoin, everyone benefits. Its vital you educate them on the difference between Bitcoin, and alts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 14, 2021, 09:37:19 PM
https://www.ambcrypto.com/one-eth-is-worth-more-than-one-ounce-of-gold-heres-what-this-means/amp/

One ETH is worth more than one ounce of gold

The cost of 1-ounce of gold in USD is $1824, at the moment and the price of 1 ETH is $1871. This means that if you had bought one ounce of gold a year ago, you would have an unrealized profit of 15.84 percent on your investment currently.

However, if you had bought ETH, a year ago when one ounce of gold was worth $1575.10, you would be in possession of 5.76 ETH and the same is the equivalent of $10776.96 – a 584 percent return on investment.

Interestingly, Ethereum’s correlation with Bitcoin is at 0.85, and though there are talks of Bitcoin flipping Gold, Ethereum is emerging as a competitor having crossed the price of 1-ounce of gold, in less than a decade of its existence.

This is a bullish sign in the long-term as more institutional investment is targeting Bitcoin, and Ethereum may benefit from the spillover.

Ethereum stands out as an enabler of a majority of alts and the DeFi ecosystem and a price correction in the short-term is only indicative of upcoming growth.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 15, 2021, 12:40:00 AM
The same people that are pumping NFT's on the youtubs, are bullish on ETH. What are NFTs ? I'm not sure,  all I known is billionaires use them for collecting Pokémon cards and digital art. These are the same guys telling us ETH is  a great investment.

Im not gifted in TA but no one has mentioned the low volume lately, except for when the price got hammered down. Anyone else concerned about that? Just seems like ETH has lost alot of wind from its sails recently. 




Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 15, 2021, 01:50:16 AM
Quote from: Bindare_Dundat on February 15, 2021, 12:40:00 AM
The same people that are pumping NFT's on the youtubs, are bullish on ETH. What are NFTs ? I'm not sure,  all I known is billionaires use them for collecting Pokémon cards and digital art. These are the same guys telling us ETH is  a great investment.

Im not gifted in TA but no one has mentioned the low volume lately, except for when the price got hammered down. Anyone else concerned about that? Just seems like ETH has lost alot of wind from its sails recently.

ETH gains 20% in 2 weeks and you believe it’s lost wind from it’s sails?

What gains were you expecting?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 15, 2021, 02:05:29 AM
Quote from: Mayday on February 15, 2021, 01:50:16 AM
ETH gains 20% in 2 weeks and you believe it’s lost wind from it’s sails?

What gains were you expecting?

Honestly,  with all the fomo that's been going around i thought it would at least break 2000. Volume is low. That's what I meant.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 15, 2021, 02:37:45 AM
Quote from: Mayday on February 15, 2021, 01:50:16 AM
ETH gains 20% in 2 weeks and you believe it’s lost wind from it’s sails?

What gains were you expecting?
LOL exactly! I held Ethereum in 2018 all the way from $1350 down to $85. Never sold any. I have diamond hands. lmao! Yes I should have sold at the top. Only I never did. Lesson learned. I was tempted to sell some when it hit $1870 recently. But I figured it was going to make a run for $2000-$2500. Going to wait a bit because it is trending up. If you look back in time cryptos had mini dumps in bull runs. I still think this bull run has a way to go. Many alts have not even hit their ATHs yet. What are you going to do with you dollars? Let it sit somewhere so it can depreciate? Fuck that! And I know I am not the only one thinking this.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 15, 2021, 02:44:10 AM
Quote from: obsidian on February 15, 2021, 02:37:45 AM
LOL exactly! I held Ethereum in 2018 all the way from $1350 down to $85. Never sold any. I have diamond hands. lmao! Yes I should have sold at the top. Only I never did. Lesson learned. I was tempted to sell some when it hit $1870 recently. But I figured it was going to make a run for $2000-$2500. Going to wait a bit because it is trending up. If you look back in time cryptos had mini dumps in bull runs. I still think this bull run has a way to go. Many alts have not even hit their ATHs yet. What are you going to do with you dollars? Let it sit somewhere so it can depreciate? Fuck that! And I know I am not the only one thinking this.



I like your posts but if you think I'm going to hang on to coins while they drop to almost zero and wait  3  years for a top...just so I can say I have diamond hands on a forum....No thanks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 15, 2021, 02:47:38 AM
Quote from: Bindare_Dundat on February 15, 2021, 02:44:10 AM
I like your posts but if you think I'm going to hang on to coins while they drop to almost zero and wait  3  years for a top...just so I can say I have diamond hands on a forum....No thanks.
Yeah I agree. This time around I won't. Let me ask you do you sell your coins straight to dollars or to a stable coin like USDT or Tether? Are there tax advantages? The moment you convert to dollars it becomes a taxable event. But what if you then sell all the dollars for cryptos a day later. Now you have no dollars in your account. Will the IRS still expect to see tax payments on these unrealized capital gains? They were realized capital gains for a day but then were invested back in the market one day later.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 15, 2021, 03:04:04 AM
Quote from: obsidian on February 15, 2021, 02:47:38 AM
Yeah I agree. This time around I won't. Let me ask you do you sell your coins straight to dollars or to a stable coin like USDT or Tether? Are there tax advantages? The moment you convert to dollars it becomes a taxable event. But what if you then sell all the dollars for cryptos a day later. Now you have no dollars in your account. Will the IRS still expect to see tax payments on these unrealized capital gains? They were realized capital gains for a day but then were invested back in the market one day later.

Does it matter? If it goes down,  its considered a loss, if it goes up ,ill have to pay taxes on the gains. Whether I stall on paying taxes or not by going into stable coins is irrelevant,  no? if you make money you'll eventually pay taxes. I've tried to find ways to lower the burden but haven't found anything to date.

Do you just plan on going from one coin to another? Aren't you planning on selling for dollars at some point?

Of course, I'm not an expert in this field so if anyone knows better I'm all ears.

Omemorerep would be good for this one I think.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 15, 2021, 05:08:31 AM
Quote from: Bindare_Dundat on February 15, 2021, 12:40:00 AM
The same people that are pumping NFT's on the youtubs, are bullish on ETH. What are NFTs ? I'm not sure,  all I known is billionaires use them for collecting Pokémon cards and digital art. These are the same guys telling us ETH is  a great investment.

Im not gifted in TA but no one has mentioned the low volume lately, except for when the price got hammered down. Anyone else concerned about that? Just seems like ETH has lost alot of wind from its sails recently.

ETH is currently at $1810, not far from its ATH.

The Winklevoss brothers are bullish on Ethereum and so is Raoul Pal, who is increasing the percentage of ETH he owns compared to BTC.

The volume is a bit down and there may be a correction, we don't really know at what stage we are in this bull cycle.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 15, 2021, 05:16:51 AM
https://decrypt.co/57720/ethereum-nft-market-primed-for-explosive-growth-in-2021

Ethereum NFT Market Primed for Explosive Growth in 2021

From virtual land to digital art, a comprehensive, new study delves into the booming market for non-fungible tokens.

A new report on the exploding market for non-fungible tokens (NFTs) reveals that transactions tripled in 2020, reaching more than $250 million in total.

Known as NFTs, these unique digital assets, which exist on the Ethereum blockchain, can be anything from BBC-branded Dr Who trading cards and Ubisoft Raving Rabbids tokens to luxury art pieces.

The biggest sale to date is a set of plots of virtual land, which went for $1.5 million on blockchain game Axie Infinity last week.

The market saw astonishing growth last year, with use cases expanding, buyers vastly exceeding sellers, and plenty of traders making six-digit profits, according to the report, which was released today by leading NFT analysis firm NonFungible.com and foresight business, L’Atelier.

According to the data, the total value of all NFT transactions (which includes sales and all other transactions, such as “breeding” Cryptokitties, “minting” tokens, and renting virtual space) increased from over $62 million in 2019 to in excess of $250 million in 2020.

In 2020, NFT art sales alone grew by 2,800%, per the report, and big brands like Turner Sports and watchmaker Breitling have jumped aboard, making the asset class firmly mainstream.

“Traditional brands like Nike, Louis Vuitton, and Formula 1 are already spearheading the first generation of commercial uses for NFTs,” Nadya Ivanova, chief operating officer at L’Atelier, told Decrypt.

“We expect to see more brands entering and investing more resources in this space as they find new ways to engage virtually, and profitably, with their customers via NFTs,” she added.

The new report finds that NFTs are “primed to become a leading emerging asset class for the Virtual Economy in the years ahead, both in terms of their financial value and their practical uses, and a major driver of economic activity in virtual worlds.”

And major financial players are quickly moving in on this trend and  “seizing the opportunity to capitalize on a broader shift to virtual finance already evident in the rise of cryptocurrencies and decentralized finance,” according to Ivanova.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on February 15, 2021, 05:30:33 AM
Quote from: SOMEPARTS on February 14, 2021, 08:12:19 PM
Both my mother and my weed addled contractor asked me about cryptocurrency this week.

That's either good news for crypto or the equivalent of the shoeshine boy giving stock tips.  ;)

This reminds me of when silver  was having a run. As I passed by a church, two old ladies were coming out and one said to the other that silver was $50. I knew then that it was at the top.😂
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 15, 2021, 05:52:24 AM
Quote from: gib on February 14, 2021, 07:20:12 PM
lol that Mark Cuban really is a buffoon. He's already a joke among the silicon valley tech community, but seems to appeal to the "average American", perhaps because he bought a sports team? Also always easy for him to give "sound bites" to dumbed down mainstream media, including on matters of "business and finance".

To call Eth (essentially computer code enabling smart contracts - an experimental concept which will of course be duplicated and made entirely free once perfected), with BTC (first layer money) is ludacris.

it's very obvious what happened in his little bird-brained mind. Something like this...

"Hmm, I missed out on Bitcoin. (I know I was wrong, and I wished I hadn't been). Dohhhh, I know what? I'll buy some Eth because it looks "cheaper". Then, after I've done that, I'll then go out pretend I know a little about "smart contracts" and then somehow mix that concept with Eth being "even better money than Bitcoin". I'll get some publicly as mainstream media know me as a "tech innovator".

Lol - good luck with that, genius Cuban. :) Not quite as easy as that, and you just lost all crypto cred (not that you actually had any in the first place)...

In the interview, Mark Cuban said he'd be 'in the whale listings' for each of the cryptocurrencies he owns, except Litecoin.

He says he owns more in dollars of Bitcoin than he does Ethereum 'but that's changing' as he's buying more ETH in the pullbacks, but nothing more of BTC even when it reached 30K.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on February 15, 2021, 05:52:51 AM
Quote from: SOMEPARTS on February 14, 2021, 08:12:19 PM
Both my mother and my weed addled contractor asked me about cryptocurrency this week.

That's either good news for crypto or the equivalent of the shoeshine boy giving stock tips.  ;)

This reminds me of when silver  was having a run. As I passed by a church, two old ladies were coming out and one said to the other that silver was $50. I knew then that it was near the top.😂
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 15, 2021, 06:11:20 AM
Quote from: Griffith on February 15, 2021, 05:16:51 AM
https://decrypt.co/57720/ethereum-nft-market-primed-for-explosive-growth-in-2021

Ethereum NFT Market Primed for Explosive Growth in 2021

From virtual land to digital art, a comprehensive, new study delves into the booming market for non-fungible tokens.

A new report on the exploding market for non-fungible tokens (NFTs) reveals that transactions tripled in 2020, reaching more than $250 million in total.

Known as NFTs, these unique digital assets, which exist on the Ethereum blockchain, can be anything from BBC-branded Dr Who trading cards and Ubisoft Raving Rabbids tokens to luxury art pieces.

The biggest sale to date is a set of plots of virtual land, which went for $1.5 million on blockchain game Axie Infinity last week.

The market saw astonishing growth last year, with use cases expanding, buyers vastly exceeding sellers, and plenty of traders making six-digit profits, according to the report, which was released today by leading NFT analysis firm NonFungible.com and foresight business, L’Atelier.

According to the data, the total value of all NFT transactions (which includes sales and all other transactions, such as “breeding” Cryptokitties, “minting” tokens, and renting virtual space) increased from over $62 million in 2019 to in excess of $250 million in 2020.

In 2020, NFT art sales alone grew by 2,800%, per the report, and big brands like Turner Sports and watchmaker Breitling have jumped aboard, making the asset class firmly mainstream.

“Traditional brands like Nike, Louis Vuitton, and Formula 1 are already spearheading the first generation of commercial uses for NFTs,” Nadya Ivanova, chief operating officer at L’Atelier, told Decrypt.

“We expect to see more brands entering and investing more resources in this space as they find new ways to engage virtually, and profitably, with their customers via NFTs,” she added.

The new report finds that NFTs are “primed to become a leading emerging asset class for the Virtual Economy in the years ahead, both in terms of their financial value and their practical uses, and a major driver of economic activity in virtual worlds.”

And major financial players are quickly moving in on this trend and  “seizing the opportunity to capitalize on a broader shift to virtual finance already evident in the rise of cryptocurrencies and decentralized finance,” according to Ivanova.

I just don't get it. 1.5 million for virtual land? Wtf? Some people have way too much money.  As a matter of fact I think if you spend that kind of money on Pokémon cards and similar stuff as an adult, you should be forced to give away the same amount to some shelter or some shit.

Billionaire child mentalities. Go figure.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on February 15, 2021, 08:10:15 AM
Quote from: Thin Lizzy on February 15, 2021, 05:52:51 AM
This reminds me of when silver  was having a run. As I passed by a church, two old ladies were coming out and one said to the other that silver was $50. I knew then that it was near the top.😂


The whole gamestop/robinhood situation should be instructive for those that think they are "winning" against the house.

There is a reason that crypto is being allowed to exist by those that control the money supply. They have gone to war in the past over competition...real war. You have to ask yourself why is everything in finances fake right now...reset, ban cash, beta run for fedcoin, etc.

Several pages back I asked if the code for a certain crypto could be blocked at a high level of internet...ISPs etc. I researched that....it's port based so it can be. One law passed by govt and it's game over. I think that level of counterparty risk should be known, but tulipmania continues.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 15, 2021, 10:11:31 AM
https://cryptonews.com/news/eth-insanely-cheap-defi-to-rally-btc-dominance-to-drop-pante-9197.htm

ETH 'Insanely Cheap,' DeFi To Rally, BTC Dominance to Drop - Pantera Capital CIO

Even after its recent strong rally, the second-largest cryptoasset by market capitalization, Ethereum (ETH) is "insanely cheap" and can still rally 5-10x, while bitcoin (BTC) dominance willl go down due to ETH and DeFi assets, according to Joey Krug, Co-chief Investment Officer (CIO) at US-based major crypto investment company Pantera Capital.

"It’s an insanely cheap asset compared to anything else in the public markets with that kind of growth relative to its revenue multiple. It’s not entirely crazy to see Ethereum being able to 5–10x from here, especially when compared to traditional equities markets."

"We think that similar to the last cycle, Bitcoin dominance (BTC’s percent of overall market cap in the space) will eventually go down into the forties again. In our view, the primary beneficiaries are likely to be Ethereum and Ethereum based decentralized finance assets, as well as eventually DeFi assets on other chains like Polkadot later in the year."

The CIO said that DeFi assets are "only *4%* of the total cryptocurrency market cap."

"By the end of this cycle, we think they could potentially be 20%, or a relative outperformance of 5x," he added.

Also, he estimates that as the market gains confidence that DeFi is here to stay and isn’t a fad, multiples will go up too, and things will begin to be valued by price/revenue/growth in DeFi.

"I think multiples could expand 4–5x across the board from here. As the protocols get more liquidity and their valuations go up, they also become more useful," Krug said, adding that Pantera believes that DeFi "is the best opportunity in the crypto space since Bitcoin and Ether themselves."
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 15, 2021, 11:13:16 AM
Quote from: Bindare_Dundat on February 15, 2021, 03:04:04 AM
Does it matter? If it goes down,  its considered a loss, if it goes up ,ill have to pay taxes on the gains. Whether I stall on paying taxes or not by going into stable coins is irrelevant,  no? if you make money you'll eventually pay taxes. I've tried to find ways to lower the burden but haven't found anything to date.

Do you just plan on going from one coin to another? Aren't you planning on selling for dollars at some point?

Of course, I'm not an expert in this field so if anyone knows better I'm all ears.

Omemorerep would be good for this one I think.


A taxable transaction is an entry and an exit. A buy and a sell. It doesn’t matter if you sell ETH for BTC or XRP or USDT, a sell is a sell.

Once you sell, tax is due at the end of that financial year.

The only way to avoid tax on crypto is to send your coin from an exchange to a wallet and then sell to some random person for cash or product. Or use exchanges based in another country but that may still have challenges when you try to convert back to dollars and you will get flagged anyway.

Move to the Cayman Islands or Monaco?

Or do what I am doing which is to delay doing my tax return while I leave the tax payment in an offset account which will let me have zero interest loans.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 15, 2021, 01:39:48 PM
Quote from: Mayday on February 15, 2021, 11:13:16 AM

A taxable transaction is an entry and an exit. A buy and a sell. It doesn’t matter if you sell ETH for BTC or XRP or USDT, a sell is a sell.

Once you sell, tax is due at the end of that financial year.

The only way to avoid tax on crypto is to send your coin from an exchange to a wallet and then sell to some random person for cash or product. Or use exchanges based in another country but that may still have challenges when you try to convert back to dollars and you will get flagged anyway.

Move to the Cayman Islands or Monaco?

Or do what I am doing which is to delay doing my tax return while I leave the tax payment in an offset account which will let me have zero interest loans.

Can you please go into more detail on this?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on February 15, 2021, 01:51:03 PM
(https://www.canyon-news.com/wp-content/uploads/2015/07/Wesley-Snipes.jpg)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 15, 2021, 02:46:24 PM
Quote from: Griffith on February 15, 2021, 10:11:31 AM
https://cryptonews.com/news/eth-insanely-cheap-defi-to-rally-btc-dominance-to-drop-pante-9197.htm

ETH 'Insanely Cheap,' DeFi To Rally, BTC Dominance to Drop - Pantera Capital CIO

Even after its recent strong rally, the second-largest cryptoasset by market capitalization, Ethereum (ETH) is "insanely cheap" and can still rally 5-10x, while bitcoin (BTC) dominance willl go down due to ETH and DeFi assets, according to Joey Krug, Co-chief Investment Officer (CIO) at US-based major crypto investment company Pantera Capital.

"It’s an insanely cheap asset compared to anything else in the public markets with that kind of growth relative to its revenue multiple. It’s not entirely crazy to see Ethereum being able to 5–10x from here, especially when compared to traditional equities markets."

"We think that similar to the last cycle, Bitcoin dominance (BTC’s percent of overall market cap in the space) will eventually go down into the forties again. In our view, the primary beneficiaries are likely to be Ethereum and Ethereum based decentralized finance assets, as well as eventually DeFi assets on other chains like Polkadot later in the year."

The CIO said that DeFi assets are "only *4%* of the total cryptocurrency market cap."

"By the end of this cycle, we think they could potentially be 20%, or a relative outperformance of 5x," he added.

Also, he estimates that as the market gains confidence that DeFi is here to stay and isn’t a fad, multiples will go up too, and things will begin to be valued by price/revenue/growth in DeFi.

"I think multiples could expand 4–5x across the board from here. As the protocols get more liquidity and their valuations go up, they also become more useful," Krug said, adding that Pantera believes that DeFi "is the best opportunity in the crypto space since Bitcoin and Ether themselves."
I am very positive about Ethereum. There are a lot of developers working on it. Yes they have a lot of issues to resolve and are working on getting it done. Cardano also has huge potential. I have both in my portfolio. I plan to branch out into a few other DEFI tokens. And eventually Bitcoin - when Ethereum makes up real ground with Bitcoin. Bitcoin is a store of value I agree. I should have loaded up on Bitcoin when Ethereum peaked at 15% of Bitcoin. I think it could go back to 10% at some point. 3.75% is a great opportunity.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 15, 2021, 02:48:04 PM
Quote from: Bindare_Dundat on February 15, 2021, 01:39:48 PM
Can you please go into more detail on this?
X2
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 15, 2021, 03:57:35 PM
It’s nothing fancy.

In my country we have to lodge our tax return. I can delay my lodgement for say 1-2yrs without any issue.

let’s say I owe $1M from an asset sale. Instead of lodging on time I delay that for 1yr. I take out a loan which has an offset account attached (money in the offset deducts the interest eg 100k in offset subtracts 100k from the principle therefore I get 100k with no interest attached) and then I use money elsewhere for what is effectively an interest free loan. Do that for 1-2yrs without any major
Problems. If you start to go over that the tax office will charge interest which is generally at a market rate.

In saying that you still need to be careful what you do with the tax money so you don’t lose it.


Some people in 2017 sold their BTC into ripple or something else thinking they avoided tax. Next thing they get a 5M tax bill from the tax authorities who have their sale details from the regulated exchange. To make it worse some of them were in coins that crashed and the tax year refreshed so they couldn’t declare their losses against the 5M so they wound up having a paltry amount instead of the 5M.

If you have small tiny amounts it probably isn’t a problem. 5k they may not look into. The risk is if they do flag you then you repay the tax PLUS a fine which might be larger than the tax.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 15, 2021, 04:26:57 PM
Quote from: Mayday on February 15, 2021, 03:57:35 PM
It’s nothing fancy.

In my country we have to lodge our tax return. I can delay my lodgement for say 1-2yrs without any issue.

let’s say I owe $1M from an asset sale. Instead of lodging on time I delay that for 1yr. I take out a loan which has an offset account attached (money in the offset deducts the interest eg 100k in offset subtracts 100k from the principle therefore I get 100k with no interest attached) and then I use money elsewhere for what is effectively an interest free loan. Do that for 1-2yrs without any major
Problems. If you start to go over that the tax office will charge interest which is generally at a market rate.

In saying that you still need to be careful what you do with the tax money so you don’t lose it.


Some people in 2017 sold their BTC into ripple or something else thinking they avoided tax. Next thing they get a 5M tax bill from the tax authorities who have their sale details from the regulated exchange. To make it worse some of them were in coins that crashed and the tax year refreshed so they couldn’t declare their losses against the 5M so they wound up having a paltry amount instead of the 5M.

If you have small tiny amounts it probably isn’t a problem. 5k they may not look into. The risk is if they do flag you then you repay the tax PLUS a fine which might be larger than the tax.

But wait one moment. If you didn't realize the gains in dollars how can you be taxed on any of it? I cant pay taxes in xrp or buy anything else with xrp ,so how can the tax collector collect tax on a crypto currency that hasn't been converted to dollars and still.sits on an exchange?

Or did you mean to say they cashed out their xrp and had to pay taxes, because that seems to make alot more sense.

I'm still not sure what loans youre talking about with offset accounts? Can you give some examples? Thank you.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 15, 2021, 04:56:38 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 15, 2021, 05:13:26 PM
Quote from: Bindare_Dundat on February 15, 2021, 04:26:57 PM
But wait one moment. If you didn't realize the gains in dollars how can you be taxed on any of it? I cant pay taxes in xrp or buy anything else with xrp ,so how can the tax collector collect tax on a crypto currency that hasn't been converted to dollars and still.sits on an exchange?

Or did you mean to say they cashed out their xrp and had to pay taxes, because that seems to make alot more sense.

I'm still not sure what loans youre talking about with offset accounts? Can you give some examples? Thank you.

See this is where a heap of people got wrecked thinking that because they didn’t exit to fiat then it technically has no value.

We are trading on regulated exchanges, not at a garage sale.

It is all reported and tracked. Everything has a value. If you purchased XRP with your BTC at 12pm Sunday then at 12pm a Sunday your BTC was valued at $48,500 on the exchange and that is it’s sell value for tax purposes.

People got utterly wrecked thinking by not going into fiat they avoided taxes. You get a tax bill because you exited the asset which can be tracked and assigned a value to your purchase price. It doesn’t matter what you move into whether that is fiat, crypto, tether, gold because the time you exit your holding is when it is assigned a value in currency and tax is applied.

The only way around the system is to keep out of the system. Or buy stuff with crypto and send it to a wallet but even then the wallet to wallet transfers will be banned shortly as the price increases.

Like I have said here many times, if you want BTC to 1M then you need regulation in order to get the wealthy to come and play. Regulation is a bull flag!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 15, 2021, 05:44:29 PM
https://cointelegraph.com/news/ethereum-fundamentals-signal-2-000-eth-price-is-closer-than-it-seems

In the early hours of Feb. 15, Ether (ETH) price plunged to $1,660, followed by a 9% recovery within 10 hours. The move triggered $280 million in futures contracts liquidations, indicating excessive leverage from longs.

Although the initial anxiety regarding CME's ETH futures launch on Feb. 8 seems to have faded, sustained excessive transaction fees might have undermined investors' confidence. Nevertheless, the fundamentals behind Ethereum remain solid, indicating ETH price should promptly recover from eventual dips.

Even though the above metric might be interpreted positively, not every user can afford a $12 fee. A simple token swap on decentralized exchanges (DEX) can cost hundreds of dollars in gas fees, leaving small traders no choice but to abandon the network.

Multiple proponents are testing sharding and layer-two solutions to circumvent this issue, including Skale and Optimistic Network. Eth2 will use sharding to split the blockchain into several parts and increase the number of transactions the network can process at once.

Total value locked remains in an uptrend

The phenomenal growth of total value locked (TVL) in decentralized finance projects can't be disregarded. The adjusted metric attempts to clean readings from ETH price increases, therefore providing more reliable data.

As depicted above, the 34% increase over the past 30 days falls in line with ETH's 38% gain in February. Regardless of the transaction fees, there is still value created by automated market-making pools and staking mechanisms.

To better understand whether the recent crash reflects a potential local top and subsequent downtrend movement, one needs further data. Besides price action and technical analysis, investors should also gauge on-chain metrics such as network use. An excellent place to start is analyzing transactions and transfer value.

Coin Metrics data shows the 14-day average transactions and transfers rallying above $9 billion in daily transactions, a 32% increase from the previous month. This significant increase in transaction and transfer value signals strength and suggests that Ether's price is sustainable at the current levels.

Exchange withdrawals indicate long-term holding

Although there is no consensus among analysts on the short-term price impact of exchange withdrawals, its effect is either neutral or bullish. The opposite movement, large continuous inflows, is the only bearish scenario, as it indicates holders' willingness to sell.

(https://s3.cointelegraph.com/uploads/2021-02/77e32281-5b7e-40ce-8fe8-b28079e9e745.png)
ETH/USD price (black) vs. exchanges ETH reserve (red). Source: CryptoQuant

From Jan. 1 to Feb. 15, roughly 600,000 ETH was withdrawn from exchanges. Regardless of if whales are transferring to cold wallets or putting Ether into the DeFi ecosystem, those coins are less likely to be sold in the short term.

Considering this movement happened while Ethereum made a $1,870 all-time high, the indicator indicates holders' confidence.

To conclude, based on both on-chain metrics and trading perspective, there are encouraging signals that $2,000 is within reach and that dips are being bought up aggressively.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 15, 2021, 05:47:17 PM
Quote from: gib on February 13, 2021, 08:38:02 PM
Bullish on stablecoins??? For usage as a utility yes. For increase in value, NO. Their whole inherent value proposition is that they stay "stable" as an exact peg to a fiat currency. So their usage will go up, but their value will actually drop over time, Ie - it will over time cost more in a stable coin, to buy the same Bitcoin.

Eth is a utility. Not a store of value. That does not stop some confusing the two though and trading Eth like a store of value. Which is what we are seeing occur now, and markets get frothy.
You are Ethereum's Mr. Anabolic!  ;D

If Ethereum hits $5,000 we can start a new thread similar to the Bitcoin one!  ;)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 15, 2021, 06:06:33 PM
Quote from: obsidian on February 15, 2021, 05:47:17 PM
You are Ethereum's Mr. Anabolic!  ;D

If Ethereum hits $5,000 we can start a new thread similar to the Bitcoin one!  ;)

ETH to 5k-6k before year end.
ETH to 20k very early 2022.

Followed by a huge dump lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 15, 2021, 06:58:24 PM
Quote from: Mayday on February 15, 2021, 05:13:26 PM
See this is where a heap of people got wrecked thinking that because they didn’t exit to fiat then it technically has no value.

We are trading on regulated exchanges, not at a garage sale.

It is all reported and tracked. Everything has a value. If you purchased XRP with your BTC at 12pm Sunday then at 12pm a Sunday your BTC was valued at $48,500 on the exchange and that is it’s sell value for tax purposes.

People got utterly wrecked thinking by not going into fiat they avoided taxes. You get a tax bill because you exited the asset which can be tracked and assigned a value to your purchase price. It doesn’t matter what you move into whether that is fiat, crypto, tether, gold because the time you exit your holding is when it is assigned a value in currency and tax is applied.

The only way around the system is to keep out of the system. Or buy stuff with crypto and send it to a wallet but even then the wallet to wallet transfers will be banned shortly as the price increases.

Like I have said here many times, if you want BTC to 1M then you need regulation in order to get the wealthy to come and play. Regulation is a bull flag!


That doesn't seem right. Not saying you're  wrong but if thats how the system works that doesn't seem proper.

If I want to exchange 1000 btc worth a total of $1000  for $ 1000 worth of xrp, no profit was realized. The same dollar value of coins was just exchanged  for another.  How could they tax when no gain was realized?

I cant exchange btc directly into xrp on my exchange. I need to convert to dollars and then buy xrp. I didn't take out any dollars from the exchange at all for that transaction.

I dont think they should be able to tax you unless you sold the xrp at a price that was higher than what you originally bought the btc for. That would make alot more sense. No?



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on February 15, 2021, 07:48:54 PM
Quote from: Bindare_Dundat on February 15, 2021, 06:58:24 PM



I dont think they should be able to tax you unless you sold the xrp at a price that was higher than what you originally bought the btc for. That would make alot more sense. No?



Unintentionally hilarious.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on February 15, 2021, 08:20:37 PM
Bitcoin crossed over 50K just a few minutes ago.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 15, 2021, 08:27:30 PM
Quote from: SOMEPARTS on February 15, 2021, 07:48:54 PM


Unintentionally hilarious.

 ;D  I'm actually trying 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 15, 2021, 08:50:55 PM
Quote from: obsidian on February 15, 2021, 05:47:17 PM
You are Ethereum's Mr. Anabolic!  ;D

If Ethereum hits $5,000 we can start a new thread similar to the Bitcoin one!  ;)

 :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 15, 2021, 09:07:43 PM
Quote from: Bindare_Dundat on February 15, 2021, 08:27:30 PM
;D  I'm actually trying

LOL I have absolutely zero idea how you came to the conclusion you did.

Step 1- Make profit
Step 2- get charged tax on profit
Step 3- pay tax bill

If you don’t make a profit you are not charged tax.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on February 15, 2021, 09:42:52 PM
Quote from: Mayday on February 15, 2021, 03:57:35 PM
It’s nothing fancy.

In my country we have to lodge our tax return. I can delay my lodgement for say 1-2yrs without any issue.

let’s say I owe $1M from an asset sale. Instead of lodging on time I delay that for 1yr. I take out a loan which has an offset account attached (money in the offset deducts the interest eg 100k in offset subtracts 100k from the principle therefore I get 100k with no interest attached) and then I use money elsewhere for what is effectively an interest free loan. Do that for 1-2yrs without any major
Problems. If you start to go over that the tax office will charge interest which is generally at a market rate.

In saying that you still need to be careful what you do with the tax money so you don’t lose it.


Some people in 2017 sold their BTC into ripple or something else thinking they avoided tax. Next thing they get a 5M tax bill from the tax authorities who have their sale details from the regulated exchange. To make it worse some of them were in coins that crashed and the tax year refreshed so they couldn’t declare their losses against the 5M so they wound up having a paltry amount instead of the 5M.

If you have small tiny amounts it probably isn’t a problem. 5k they may not look into. The risk is if they do flag you then you repay the tax PLUS a fine which might be larger than the tax.

Australian?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 15, 2021, 10:33:56 PM
Quote from: Mayday on February 15, 2021, 05:13:26 PM

It is all reported and tracked. Everything has a value. If you purchased XRP with your BTC at 12pm Sunday then at 12pm a Sunday your BTC was valued at $48,500 on the exchange and that is it’s sell value for tax purposes.

The only way around the system is to keep out of the system. Or buy stuff with crypto and send it to a wallet but even then the wallet to wallet transfers will be banned shortly as the price increases.


I need to correct this. There are many, like myself, who based ourselves and our assets in tax friendly countries. For example, HK, Singapore, Cayman Islands, Malta, etc. Some of these locations expressly do not tax on capital gains. Others simply turn a blind eye to off-shore income.

But yes, if you are using regulated exchanges, and you are in a jurisdiction that taxes such gains as either income or capital gains, then yet your comments are correct.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 16, 2021, 12:28:44 AM
Quote from: gib on February 15, 2021, 10:33:56 PM
I need to correct this. There are many, like myself, who based ourselves and our assets in tax friendly countries. For example, HK, Singapore, Cayman Islands, Malta, etc. Some of these locations expressly do not tax on capital gains. Others simply turn a blind eye to off-shore income.

But yes, if you are using regulated exchanges, and you are in a jurisdiction that taxes such gains as either income or capital gains, then yet your comments are correct.

What is amusing is being charged a capital gains tax on something that many people say will be made illegal one day it it gets too big and threatens the reserve curremcy.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 16, 2021, 12:31:30 AM
Quote from: Theoak* on February 15, 2021, 09:42:52 PM
Australian?

That's my guess. I'd still like to know what loans allow for an offset account, or is that vice versa?  Thats not very clear to me unless he means an offset account is some type of business account where you can take out a loan and use the gains from the crypto as a tax exemption on the loan gains?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 16, 2021, 12:43:26 AM
Quote from: Mayday on February 15, 2021, 09:07:43 PM
LOL I have absolutely zero idea how you came to the conclusion you did.


If you slept as little as I did these last couple of weeks, it would make perfect sense.  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 16, 2021, 05:06:12 AM
Quote from: Mayday on February 15, 2021, 06:06:33 PM
ETH to 5k-6k before year end.
ETH to 20k very early 2022.

Followed by a huge dump lol.

You reckon the crypto bull market could continue till 2022?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 16, 2021, 05:21:42 AM
https://www.bbc.com/news/technology-56012952

Bitcoin consumes 'more electricity than Argentina'

Bitcoin uses more electricity annually than the whole of Argentina, analysis by Cambridge University suggests.

"Mining" for the cryptocurrency is power-hungry, involving heavy computer calculations to verify transactions.

Cambridge researchers say it consumes around 121.36 terawatt-hours (TWh) a year - and is unlikely to fall unless the value of the currency slumps.

Critics say electric-car firm Tesla's decision to invest heavily in Bitcoin undermines its environmental image.

The currency's value hit a record $48,000 (£34,820) this week. following Tesla's announcement that it had bought about $1.5bn bitcoin and planned to accept it as payment in future.

But the rising price offers even more incentive to Bitcoin miners to run more and more machines.

And as the price increases, so does the energy consumption, according to Michel Rauchs, researcher at The Cambridge Centre for Alternative Finance, who co-created the online tool that generates these estimates.

“It is really by design that Bitcoin consumes that much electricity,” Mr Rauchs told BBC’s Tech Tent podcast. “This is not something that will change in the future unless the Bitcoin price is going to significantly go down."

The online tool has ranked Bitcoin’s electricity consumption above Argentina (121 TWh), the Netherlands (108.8 TWh) and the United Arab Emirates (113.20 TWh) - and it is gradually creeping up on Norway (122.20 TWh).

The energy it uses could power all kettles used in the UK for 27 years, it said.

Environmental conundrum

“Bitcoin is literally anti-efficient,” David Gerard, author of Attack of the 50 Foot Blockchain, explained. “So more efficient mining hardware won't help - it'll just be competing against other efficient mining hardware.

“This means that Bitcoin's energy use, and hence its CO2 production, only spirals outwards.

“It’s very bad that all this energy is being literally wasted in a lottery.”

The price of Bitcoin rose rapidly on Monday after Tesla announced its investment.

But commentators say the investment clashes with the electric car firm's previous environmental stance.

“Elon Musk has thrown away a lot of Tesla's good work promoting energy transition,” Mr Gerard said. “This is very bad... I don't know how he can walk this back effectively.

"Tesla got $1.5bn in environmental subsidies in 2020, funded by the taxpayer.

"It turned around and spent $1.5bn on Bitcoin, which is mostly mined with electricity from coal. Their subsidy needs to be examined."

A carbon tax on cryptocurrencies could be introduced to balance out some of the negative consumption, Mr Gerard suggested.

(https://ichef.bbci.co.uk/news/976/cpsprodpb/1153B/production/_116917907_v266cd8de5-cf2e-4fb0-ba22-e6dfb9f2951c_nc.png)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on February 16, 2021, 06:27:07 AM
Quote from: Bindare_Dundat on February 16, 2021, 12:28:44 AM
What is amusing is being charged a capital gains tax on something that many people say will be made illegal one day it it gets too big and threatens the reserve curremcy.


The charge is on the gains expressed in dollars, not the platform - same as any other equity.

IRS doesn't accept crypto as payment, btw.  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on February 16, 2021, 07:07:51 AM
MicroStrategy plans to raise an additional $690 million to buy bitcoin


MicroStrategy announced Tuesday that it plans to raise an additional $690 million to buy bitcoin.

The raise will be facilitated by senior convertible notes, a type of debt security that can be converted into cash or shares. MicroStrategy's notes will be issued to qualified institutional buyers, and its terms are yet to be finalized.

The notes will be unsecured and will bear interest payable semi-annually in arrears on February 15 and August 15 of each year, beginning on August 15, 2021, said MicroStrategy. The notes will mature on February 15, 2027, unless earlier repurchased, redeemed, or converted.

Meanwhile, bitcoin's price has soared above $50,000 for the first time, pushing the cryptocurrency's market capitalization closer to $1 trillion.

MicroStrategy began purchasing bitcoin in August 2020. The company currently owns 71,079 bitcoin, worth about $3.5 billion at current prices.

https://www.theblockcrypto.com/linked/94982/microstrategy-plans-additional-690-million-raise-to-buy-bitcoin-btc
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on February 16, 2021, 08:16:55 AM
$ 50,341.10
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 16, 2021, 10:34:13 AM
https://decrypt.co/57869/christies-to-auction-ethereum-nft-by-crypto-artist-beeple?&utm_medium=referral&utm_campaign=feed&utm_source=coinmarketcap

Christie’s to Auction Ethereum NFT by Crypto Artist Beeple

NFT marketplace MakersPlace has teamed up with Christie’s for the auction house’s first ever sale of a purely digital artwork.

If you ever needed another proof that non-fungible tokens, or NFTs, are conquering the world, you’ve got it: for the first time in its 250-years long history the renowned auction house Christie’s will be auctioning a digital artwork on its own.

Between February 25 and March 11, Christie’s will be selling “THE FIRST 5000 DAYS” by prolific digital artist Beeple.

According to CryptoArt.io, Beeple is currently the most profitable crypto artist globally as his NFTs have been sold for a combined amount of $8 million.

“This historic event marks a significant inflection point for both the digital art and the fine arts industry, bridging the apparent gap in the global recognition for digital art,” said MakersPlace CEO and co-founder Dannie Chu.

“Not unlike the advent of Street Art as a blue chip collecting category, NFT-based art is on the threshold of becoming the next ingeniously disruptive force in the art market. Christie’s is proud to be in the vanguard of this exhilarating movement,” said Noah Davis, Christie’s specialist in post-war and contemporary art.

As reported earlier by Decrypt, digital artists, such as Beeple and Pak, who is the second best-selling creator worldwide, earned nearly $12 million in January alone.

Meanwhile, the total value of the crypto art market is approaching a record $100 million—with over 70,000 artworks sold to date.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 16, 2021, 11:55:49 AM
Quote from: Griffith on February 16, 2021, 05:06:12 AM
You reckon the crypto bull market could continue till 2022?

*edited to shorten my answer*

I think a 2013 model is likely. Double peak. Longer timeframe.

I believe we get to 250k in this upward trend. I think it will happen on a longer timeframe because the large players have a strategy to prevent short, sharp spikes eg Elon in January.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 16, 2021, 12:25:36 PM
Quote from: Griffith on February 16, 2021, 05:21:42 AM
https://www.bbc.com/news/technology-56012952

Bitcoin consumes 'more electricity than Argentina'

Bitcoin uses more electricity annually than the whole of Argentina, analysis by Cambridge University suggests.

"Mining" for the cryptocurrency is power-hungry, involving heavy computer calculations to verify transactions.

Cambridge researchers say it consumes around 121.36 terawatt-hours (TWh) a year - and is unlikely to fall unless the value of the currency slumps.

Critics say electric-car firm Tesla's decision to invest heavily in Bitcoin undermines its environmental image.

The currency's value hit a record $48,000 (£34,820) this week. following Tesla's announcement that it had bought about $1.5bn bitcoin and planned to accept it as payment in future.

But the rising price offers even more incentive to Bitcoin miners to run more and more machines.

And as the price increases, so does the energy consumption, according to Michel Rauchs, researcher at The Cambridge Centre for Alternative Finance, who co-created the online tool that generates these estimates.

“It is really by design that Bitcoin consumes that much electricity,” Mr Rauchs told BBC’s Tech Tent podcast. “This is not something that will change in the future unless the Bitcoin price is going to significantly go down."

The problem with these articles is they never tell you the power consumption vs banks. That’s because it consumes less than the banks.

 The banks could power kettles for 100yrs.....

Hardware evolves providing greater efficiency.

Crypto evolves providing greater efficiency.

BTC is supposed to be expensive, that’s the point.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 16, 2021, 04:48:41 PM
Its also that high degree of processing power needed that gives Bitcoin its security.

Gold is terribly environmentally unfriendly too, from mining to transport. Yes people love it. And for anyone of those complaining on social media, they should consider the irony of doing so, considering how environmentally unfriendly the entire internet is, (including of course Google) lol! :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 16, 2021, 07:24:21 PM
Quote from: gib on February 16, 2021, 04:48:41 PM
Its also that high degree of processing power needed that gives Bitcoin its security.

Gold is terribly environmentally unfriendly too, from mining to transport. Yes people love it. And for anyone of those complaining on social media, they should consider the irony of doing so, considering how environmentally unfriendly the entire internet is, (including of course Google) lol! :)
That processing power is only volunteered because there is an incentive to payout BTC via mining rewards. So how will they be able to maintain that incentive once all BTC has been mined? Yes I know that is 100 years out. But the mining rewards will keep on reducing to the point where miners might stop because there is no financial incentive to pay all those electrical and equipment costs.

Some argue that Proof of Work is more secure than Proof of Stake. And others argue the opposite. What's easier to acquire? 51% of all the processing power or 51% of all coins staked? I would think it might actually be harder to acquire 51% of all the coins. More than 51% of all Bitcoin miners are in China. So what if they decide as a collective whole to be dishonest miners and compromise the security of the blockchain via a 51% attack?

I am not sure how the endgame works for Bitcoin. It needs these POW miners for the security. The miners need BTC payments as an incentive. Once all BTC has been mined or the rewards are vastly reduced what then?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 16, 2021, 08:44:17 PM
Quote from: obsidian on February 16, 2021, 07:24:21 PM
That processing power is only volunteered because there is an incentive to payout BTC via mining rewards. So how will they be able to maintain that incentive once all BTC has been mined? Yes I know that is 100 years out. But the mining rewards will keep on reducing to the point where miners might stop because there is no financial incentive to pay all those electrical and equipment costs.

Some argue that Proof of Work is more secure than Proof of Stake. And others argue the opposite. What's easier to acquire? 51% of all the processing power or 51% of all coins staked? I would think it might actually be harder to acquire 51% of all the coins. More than 51% of all Bitcoin miners are in China. So what if they decide as a collective whole to be dishonest miners and compromise the security of the blockchain via a 51% attack?

I am not sure how the endgame works for Bitcoin. It needs these POW miners for the security. The miners need BTC payments as an incentive. Once all BTC has been mined or the rewards are vastly reduced what then?

ETH 2.0 with proof of stake will use 99% less electricity so will be environment friendly in comparison.

Available supply of Ethereum will also be limited from 100 000 to a maximum of 2 million per year and burning will further reduce that amount another 1-4%.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on February 16, 2021, 08:55:13 PM
Quote from: gib on February 16, 2021, 04:48:41 PM
Its also that high degree of processing power needed that gives Bitcoin its security.

Gold is terribly environmentally unfriendly too, from mining to transport. Yes people love it. And for anyone of those complaining on social media, they should consider the irony of doing so, considering how environmentally unfriendly the entire internet is, (including of course Google) lol! :)


"yeah, yea see...it's actually worth more because it's a tech dinosaur"  ::)

Ignore the sustainability issue at your own peril.

See Bill Gates recently on 60 minutes...would love to hear his take on crypto but he's too busy culling the population to be bothered.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 16, 2021, 10:14:25 PM
Quote from: Griffith on February 16, 2021, 08:44:17 PM
ETH 2.0 with proof of stake will use 99% less electricity so will be environment friendly in comparison.

Available supply of Ethereum will also be limited from 100 000 to a maximum of 2 million per year and burning will further reduce that amount another 1-4%.

Yes, ETH will eventually be free. And it cannot be limited if it is to scale. That should be obvious.

ETH is basically a smart contract protocol which will be free (and needs to be free to scale, and will all protocols that facilitate smart contracts. But, yes, proof of stake, if they can make it to work, will be more energy efficient. Remember, ETH code is open source, so anyone can easily take this to make smart contracts of their own.

Remember also, that operating a smart contract protocol should be efficient and easy. Whereas creating and protecting a Bitcoin (its utility being a store of value) naturally needs to be difficult, hence creating and securing its inherent value, scarcity, and incorruptibility.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 16, 2021, 11:06:17 PM
Quote from: gib on February 16, 2021, 04:48:41 PM
Its also that high degree of processing power needed that gives Bitcoin its security.

Gold is terribly environmentally unfriendly too, from mining to transport. Yes people love it. And for anyone of those complaining on social media, they should consider the irony of doing so, considering how environmentally unfriendly the entire internet is, (including of course Google) lol! :)

Gold and mining provides a considerable amount of employment and income to people, contractors and companies and contributes a large part to the national economy and currency.

Mining creates tangible things which are used to contribute to society and needed in production and industries.

The internet provides a large amount of work, services and income to people across the world. All the programmers, online stores, retailers, warehouses, websites for businesses, advertising, banking, video calls, faster communication etc.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 16, 2021, 11:11:31 PM
Quote from: Mayday on February 16, 2021, 07:59:50 PM
Which tells me Saylor believes a 250k price is coming in this current uptrend as the price after that peak is around 85k. Meaning the price today is probably the cheapest we will ever see it.

If he believed it was only going to 100k the future los would be around the 40k mark, he wouldn’t worry about buying more.......

Shit is going to get real very soon!

This uptrend 90% will get priced out. Next uptrend 99% will be priced out. It’s no joke now, the rocket ship is getting ready to leave.....

Looks like a decisive breakthrough thr 50K resistance level may be about to occur. Would be interesting to see where it next consolidates.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 16, 2021, 11:12:27 PM
Quote from: Griffith on February 16, 2021, 11:06:17 PM
Gold and mining provides a considerable amount of employment and income to people, contractors and companies and contributes a large part to the national economy and currency.

Mining creates tangible things which are used to contribute to society and needed in production and industries.

The internet always provides a large amount of work, services and income to people across the world. All the programmers, online stores, retailers, warehouses, websites for businesses, advertising, banking, video calls, faster communication etc.

Yep, for sure.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 17, 2021, 12:06:22 AM
Boom
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 17, 2021, 12:17:54 AM
Quote from: Griffith on February 16, 2021, 10:34:13 AM
https://decrypt.co/57869/christies-to-auction-ethereum-nft-by-crypto-artist-beeple?&utm_medium=referral&utm_campaign=feed&utm_source=coinmarketcap

Christie’s to Auction Ethereum NFT by Crypto Artist Beeple

NFT marketplace MakersPlace has teamed up with Christie’s for the auction house’s first ever sale of a purely digital artwork.

If you ever needed another proof that non-fungible tokens, or NFTs, are conquering the world, you’ve got it: for the first time in its 250-years long history the renowned auction house Christie’s will be auctioning a digital artwork on its own.

Between February 25 and March 11, Christie’s will be selling “THE FIRST 5000 DAYS” by prolific digital artist Beeple.

According to CryptoArt.io, Beeple is currently the most profitable crypto artist globally as his NFTs have been sold for a combined amount of $8 million.

“This historic event marks a significant inflection point for both the digital art and the fine arts industry, bridging the apparent gap in the global recognition for digital art,” said MakersPlace CEO and co-founder Dannie Chu.

“Not unlike the advent of Street Art as a blue chip collecting category, NFT-based art is on the threshold of becoming the next ingeniously disruptive force in the art market. Christie’s is proud to be in the vanguard of this exhilarating movement,” said Noah Davis, Christie’s specialist in post-war and contemporary art.

As reported earlier by Decrypt, digital artists, such as Beeple and Pak, who is the second best-selling creator worldwide, earned nearly $12 million in January alone.

Meanwhile, the total value of the crypto art market is approaching a record $100 million—with over 70,000 artworks sold to date.

And still can't get over 2 grand. Don't give a shit about this garbage art and trading card nonsense. Pretentious billionaire collectibles.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on February 17, 2021, 12:52:16 AM
Quote from: Mayday on February 16, 2021, 11:04:58 PM
$50,800 !!!!!!!

On our way to 55k !!!

We hit 51,000 !!!

(https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fi2.wp.com%2Fmedia.giphy.com%2Fmedia%2FYZGJc1WmUZPi0%2Fgiphy.gif%3Fresize%3D300%252C200%26ssl%3D1&f=1&nofb=1)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 17, 2021, 01:22:37 AM
Quote from: Bindare_Dundat on February 17, 2021, 12:17:54 AM
And still can't get over 2 grand. Don't give a shit about this garbage art and trading card nonsense. Pretentious billionaire collectibles.
You need to be patient. Ethereum has still outperformed Bitcoin the past year even with Bitcoin at $51,000. Don't get caught up with the big figure. Look at percentage increases. Go look at the charts.

Small corrections are healthy. Bitcoin struggled how many times to punch through $50,000? Ethereum has come close to breaking $1,900. It took a few tries to get past the ATH. Same thing for Bitcoin. Remember when Bitcoin dropped over $3,000 just a few days ago lol!

In 2017 Bitcoin started the year around $1,000 and didn't hit $2,000 until Mid-April. Also note that Ethereum lags behind Bitcoin moves. So I would expect an Ethereum move once Bitcoin has cooled off.

Remember cash is trash. People don't want cash. It will go into cryptos, stocks or physical assets. Not all of it will go to Bitcoin as we have seen for over 5 years now. If that was the case Bitcoin would have been the top performing asset and it has not. Ethereum has yielded a greater return on investment than Bitcoin the past 5 years. It Bitcoin goes to 60k big whoop. That's not a huge percentage increase.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on February 17, 2021, 01:29:51 AM
(https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fmemeguy.com%2Fphotos%2Fthumbs%2Fmrw-i-finally-get-paid-after-two-weeks-of-rationing-canned-food-rice-and-a-bag-of-great-valu-chicken-95313.gif&f=1&nofb=1)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 17, 2021, 01:43:45 AM
This guy thinks Ethereum is being artificially held back for the benefit of Defi projects. But he reckons that will only work for so long before Ethereum starts shooting up. He also speculates the reason Bitcoin crashed in 2018 was because of high fees and slow transaction speeds of up to a week. So what's different now? Why are high fees not holding Bitcoin back this time around compared to 2018? Or was it the Bitcoin futures that tanked the price?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 17, 2021, 02:01:44 AM
This is interesting...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 17, 2021, 02:06:27 AM
Quote from: obsidian on February 17, 2021, 01:43:45 AM
He also speculates the reason Bitcoin crashed in 2018 was because of high fees and slow transaction speeds of up to a week. So what's different now? Why are high fees not holding Bitcoin back this time around compared to 2018? Or was it the Bitcoin futures that tanked the price?


Last time around there was a fear BTC could not scale as a payment mechanism due to high fees. It is now known that day to day transactions will be done on 2nd layer networks, such as the Lightening Network that can handle thousands of transactions per second. So no longer as a concern this time around.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 17, 2021, 02:48:09 AM
Quote from: gib on February 17, 2021, 02:06:27 AM
Last time around there was a fear BTC could not scale as a payment mechanism due to high fees. It is now known that day to day transactions will be done on 2nd layer networks, such as the Lightening Network that can handle thousands of transactions per second. So no longer as a concern this time around.
Cool. Yes I read about that. That's an awesome development for Bitcoin. Ethereum has something similar - called the Raiden Network.

https://raiden.network/101.html#:~:text=The%20Raiden%20Network%20is%20an,%2C%20and%20privacy%2Dpreserving%20payments.

Apparently an investor moved $1 billion on the Ethereum network for a $7.5 transaction fee. So why the complaints? I bet Bitcoin's fees are higher.

https://nairametrics.com/2021/01/16/investor-moves-1-billion-for-7-fee-on-ethereum-blockchain/#:~:text=A%20large%20entity%20paid%20a,Ether%20itself%20traded%20around%20%241%2C200.

I recently converted 5 ETH to USD and then bought Dogecoin with it. A few hours later I bought back 6 ETH and still had over $12,000 of Doge as profit. The transaction fees never even crossed my mind. Why would I care about that when I made over $13,000 profit in the trade. And who knows that trade could end up being a lot more profitable if Doge goes anywhere. The celebs have not given up on it and developers are now doing some upgrades for it lol!

https://www.forbes.com/sites/billybambrough/2021/02/14/doge-is-underestimated-elon-musks-fav-bitcoin-rival-dogecoin-is-getting-a-surprise-upgrade/?sh=f77c89b65802
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on February 17, 2021, 02:58:32 AM
So, with Blockchain, do you all think there will be one dominant company, like Amazon in online retail, or will it be more spread out?

BtW, the company I asked about, RIOT,  has more than doubled since.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 17, 2021, 03:00:24 AM
I'm already using a lightening wallet, as are my friends. Its superfast. Basically instantaneous.

We usually put smaller amounts in the lightening wallet, for access when travelling or day to day transactions where accepted. But the core BTC holdings all remain in cold storage.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 17, 2021, 03:34:14 AM
Quote from: obsidian on February 17, 2021, 01:43:45 AM
This guy thinks Ethereum is being artificially held back for the benefit of Defi projects. But he reckons that will only work for so long before Ethereum starts shooting up. He also speculates the reason Bitcoin crashed in 2018 was because of high fees and slow transaction speeds of up to a week. So what's different now? Why are high fees not holding Bitcoin back this time around compared to 2018? Or was it the Bitcoin futures that tanked the price?



Idk know what the issue is but its obvious that something is going on. Alts going up, btc going up, eth farting dust. Its not following the same momentum at all.  Still glad I sold when I did. It hasn't stayed above my selling price for longer then an hour  since then.  That willchange but so far....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 17, 2021, 03:59:45 AM
Quote from: Thin Lizzy on February 17, 2021, 02:58:32 AM
So, with Blockchain, do you all think there will be one dominant company, like Amazon in online retail, or will it be more spread out?

BtW, the company I asked about, RIOT,  has more than doubled since.

Nothing unique about this company. In fact, be very weary of any company that has "blockchain" in their name...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 17, 2021, 05:16:49 AM
Quote from: obsidian on February 17, 2021, 01:43:45 AM
This guy thinks Ethereum is being artificially held back for the benefit of Defi projects. But he reckons that will only work for so long before Ethereum starts shooting up. He also speculates the reason Bitcoin crashed in 2018 was because of high fees and slow transaction speeds of up to a week. So what's different now? Why are high fees not holding Bitcoin back this time around compared to 2018? Or was it the Bitcoin futures that tanked the price?



Ben of the 'Bitboy Cypto' channel also believes there is some market manipulation going on with Ethereum, that it could be similar to that Chinese mining group who were apparently manipulating the Bitcoin price recently.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 17, 2021, 05:21:46 AM
Quote from: Bindare_Dundat on February 17, 2021, 03:34:14 AM
Idk know what the issue is but its obvious that something is going on. Alts going up, btc going up, eth farting dust. Its not following the same momentum at all.  Still glad I sold when I did. It hasn't stayed above my selling price for longer then an hour  since then.  That willchange but so far....

Remember when Ethereum was pumping to ATH's and Bitcoin was falling to 30K and people were saying 26k or 21k could be the next target?

The point is their movements are not necessarily directly correlated with each other, we have seen some decoupling.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 17, 2021, 05:42:56 AM
Quote from: gib on February 17, 2021, 03:00:24 AM
I'm already using a lightening wallet, as are my friends. Its superfast. Basically instantaneous.

We usually put smaller amounts in the lightening wallet, for access when travelling or day to day transactions where accepted. But the core BTC holdings all remain in cold storage.

Ethereum has their own equivalent, it's called Raiden.

Though with ETH 2.0, it will be able to handle at least 100 000 transactions per second, though possibly near 300 000 TPS, without needing Raiden or any equivalent Lightning wallet.

Bitcoin can handle 4.6 transactions per second.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 17, 2021, 05:56:48 AM
Quote from: Griffith on February 17, 2021, 05:21:46 AM
Remember when Ethereum was pumping to ATH's and Bitcoin was falling to 30K and people were saying 26k or 21k could be the next target?

The point is their movements are not necessarily directly correlated with each other, we have seen some decoupling.

I stopped watching the ethereum chart. Its like clockwork, up and down in the same range last week.
Yes it held its value well while btc was dropping but it wasn't doing nearly as well as a ton of lower cap alt coins. By comparison across other coins its pricing momentum has stalled. Long term investing itll still do well for people but I dont think it'll be as good as some of the higher numbers mentioned.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on February 17, 2021, 05:58:31 AM
Heard Noriel Roubini shitting all over Bitcoin this morning. He’s a bought and paid for globalist. So, to me that’s a positive for crypto.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on February 17, 2021, 06:11:14 AM
Quote from: gib on February 17, 2021, 03:59:45 AM
Nothing unique about this company. In fact, be very weary of any company that has "blockchain" in their name...

Had a similar rise back in 18 and a spectacular fall:

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 17, 2021, 06:12:24 AM
Quote from: Thin Lizzy on February 17, 2021, 05:58:31 AM
Heard Noriel Roubini shitting all over Bitcoin this morning. He’s a bought and paid for globalist. So, to me that’s a positive for crypto.

Here it is:

https://www.bloomberg.com/news/videos/2021-02-17/bitcoin-is-a-self-fulfilling-bubble-roubini-warns-video
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on February 17, 2021, 09:05:01 AM
World’s Largest Asset Manager BlackRock Confirms They’re Looking Into Bitcoin


The Managing Director of the world’s largest asset management company, BlackRock, confirmed they’re looking into Bitcoin.

The world’s largest asset manager, BlackRock, is looking into Bitcoin. This was confirmed by the managing director of the company, Rick Rieder, today.

    Rick Rieder, the managing director of BlackRock, the world’s largest asset manager, confirmed that the company is looking into Bitcoin. “We’ve started to dabble a bit into it,” he said, refusing to put a target allocation the company has.
    In the interview with CNBC’s SquawkBox, Rieder did say that diversifying one’s portfolio in the current economic reality does make sense. He also said that BlackRock is currently sitting on a lot more cash than they have historically had because traditional hedges don’t work.

    We’re holding a lot more cash than we’ve held historically because interest rates don’t work as a hedge and diversifying in other assets makes some sense. So, holding some portion of what you hold in cash and things like crypto seems to make some sense to me.

https://cryptopotato.com/worlds-largest-asset-manager-blackrock-confirms-theyre-looking-into-bitcoin/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 17, 2021, 09:30:18 AM
https://www.financemagnates.com/cryptocurrency/news/ethereum-attracts-record-216-million-weekly-crypto-inflows/

Ethereum Attracts Record $216 Million Weekly Crypto Inflows

Ethereum, the world’s second-largest cryptocurrency, attracted a record $216 million in ETH-related investment products last week, beating the previous week’s record of $195 million.

The total cryptocurrency assets under management stood at around $47 billion last week.

According to the latest weekly crypto inflows report published by CoinShares, last week saw a total of $602 million investment in digital assets, the third-largest inflows on record. Ethereum remained the standout performer as the world’s second-largest cryptocurrency, accounting for nearly 36% of the total weekly inflows.

“Ethereum was the standout performer with a record $216 million of investment product inflows, beating the previous week’s record of $195 million. Ethereum inflows represented 36% of the digital asset inflows last week, far greater than the share of assets under management at 16%. This highlights how investors are, at least on a relative basis, favoring Ethereum...”

Grayscale accelerated its accumulation of Ethereum in the last few weeks. The asset manager purchased 194,522 ETH in the last 4 weeks. Grayscale now has more than 3.13 million Ethereum under management with a total value of more than $5.5 billion. As of writing, ETH is trading above $1,800 with a total market cap of $207 billion.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on February 17, 2021, 09:53:36 AM
$ 51,266.02
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on February 17, 2021, 11:05:39 AM
Here's a random question to you all.

I'm looking to gift a family member (nephew) about $2,500 in cryptos.

I'm thinking either Cardano or Polkadot.  Out of those 2, which would you pick and why? I'm also trying to keep it simple and not over diversify by keeping it down to just 1-2 cryptos.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 17, 2021, 11:57:08 AM
52,207.30
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: evacnam on February 17, 2021, 12:00:39 PM
Quote from: OneMoreRep on February 17, 2021, 11:05:39 AM
Here's a random question to you all.

I'm looking to gift a family member (nephew) about $2,500 in cryptos.

I'm thinking either Cardano or Polkadot.  Out of those 2, which would you pick and why? I'm also trying to keep it simple and not over diversify by keeping it down to just 1-2 cryptos.

"1"

oh hi Uncle onemorerep   :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 17, 2021, 12:42:20 PM
Quote from: OneMoreRep on February 17, 2021, 11:05:39 AM
Here's a random question to you all.

I'm looking to gift a family member (nephew) about $2,500 in cryptos.

I'm thinking either Cardano or Polkadot.  Out of those 2, which would you pick and why? I'm also trying to keep it simple and not over diversify by keeping it down to just 1-2 cryptos.

"1"

I hold both in a small amount.

I have 4x more Cardano than I do Polkodot.

I can’t talk about the tech but the market structure is important as XRP messed up and held a lot of alt coins back.

CARDANO recently made the push up to 3rd spot overtaking XRP which no other coin has done. What we ‘might’ see is a rapid acceleration of Cardano in market cap to bring it closer to ETH. Alt at is assuming CARDANO holds 3rd spot in the short term.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 17, 2021, 01:08:43 PM
Quote from: Bindare_Dundat on February 17, 2021, 05:56:48 AM
I stopped watching the ethereum chart. Its like clockwork, up and down in the same range last week.
Yes it held its value well while btc was dropping but it wasn't doing nearly as well as a ton of lower cap alt coins. By comparison across other coins its pricing momentum has stalled. Long term investing itll still do well for people but I dont think it'll be as good as some of the higher numbers mentioned.

BTC is way more predictable. Just buy BTC if that’s what you want, it’s performing like a demon and has lower risk attached vs alt coins.

The risk for ETH and  alt coins is a complete decoupling from BTC where they lose value against it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on February 17, 2021, 01:34:05 PM
Quote from: Mayday on February 17, 2021, 12:42:20 PM
I hold both in a small amount.

I have 4x more Cardano than I do Polkodot.

I can’t talk about the tech but the market structure is important as XRP messed up and held a lot of alt coins back.

CARDANO recently made the push up to 3rd spot overtaking XRP which no other coin has done. What we ‘might’ see is a rapid acceleration of Cardano in market cap to bring it closer to ETH. Alt at is assuming CARDANO holds 3rd spot in the short term.

Don't mind buying both in equal amounts, but will probably do the same approach and hold higher position in cardano.

What trading platform do you use to purchase? Kraken, Binance?

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on February 17, 2021, 04:31:24 PM
Bitcoin is eating gold

(https://pbs.twimg.com/media/EuaZgCYWQAMtYOR?format=png&name=900x900)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 17, 2021, 05:38:57 PM
Ethereum just passed $1900! Goddamn that took a while.

Bitboy reckons it was mining giant f2pool sellling off so they could buy the dips to maximize their gains. Along with institutional investors trying to get it at a lower price. Fundamentals for Ethereum is good so it should have gone past $2000 a few weeks ago.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 17, 2021, 07:02:41 PM
Quote from: OneMoreRep on February 17, 2021, 01:34:05 PM
Don't mind buying both in equal amounts, but will probably do the same approach and hold higher position in cardano.

What trading platform do you use to purchase? Kraken, Binance?

"1"

I’m not in the US so I use different exchanges.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 17, 2021, 07:29:02 PM
Quote from: obsidian on February 17, 2021, 05:38:57 PM
Ethereum just passed $1900! Goddamn that took a while.

Bitboy reckons it was mining giant f2pool sellling off so they could buy the dips to maximize their gains. Along with institutional investors trying to get it at a lower price. Fundamentals for Ethereum is good so it should have gone past $2000 a few weeks ago.

The next 8 weeks are a moment of truth for ETH.

Don’t fret if BTC is rejected at 55k and pulls back.

ETH to 2.4K - pullback to 2.1k - rally to 3k in the next 4 weeks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on February 17, 2021, 08:05:05 PM
Quote from: Mayday on February 17, 2021, 12:42:20 PM
I hold both in a small amount.

I have 4x more Cardano than I do Polkodot.

I can’t talk about the tech but the market structure is important as XRP messed up and held a lot of alt coins back.

CARDANO recently made the push up to 3rd spot overtaking XRP which no other coin has done. What we ‘might’ see is a rapid acceleration of Cardano in market cap to bring it closer to ETH. Alt at is assuming CARDANO holds 3rd spot in the short term.

You guys are on a whole different level. I've never heard of either of these and only heard of the rest, except BTC, from this thread.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight on February 17, 2021, 08:24:30 PM
Quote from: pellius on February 17, 2021, 08:05:05 PM
You guys are on a whole different level. I've never heard of either of these and only heard of the rest, except BTC, from this thread.


Hey Pellius , can you write a nice story about Zuckaberg "Hawaiian" wall !!!.

Today, Australian Government smashed Facebook & Zuck is baby  :'( :'( :'( ............

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 17, 2021, 08:25:52 PM
ETH new ATH of $1914.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight on February 17, 2021, 08:49:06 PM

Ice kill Texas & without ac/dc bitcoin is DEAD  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 17, 2021, 08:49:14 PM
Quote from: polychronopolous on February 17, 2021, 04:31:24 PM
Bitcoin is eating gold

(https://pbs.twimg.com/media/EuaZgCYWQAMtYOR?format=png&name=900x900)

Yep, and from a much lower market cap base. So for example a 1% movement of Gold into BTC would affect Gold price by 1% but boost BTCs by (for example 30%), depending on how you actually assess the true market cap of Gold.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 17, 2021, 08:52:41 PM
Quote from: Teutonic Knight on February 17, 2021, 08:49:06 PM
Ice kill Texas & without ac/dc bitcoin is DEAD  ;D

If we ever got to a point in the world where we had no AC/DC, not having access to bitcoin would be the least of our worries...

Won't happen though, so the scenario is ridiculous from the outset.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight on February 17, 2021, 08:58:00 PM
Quote from: gib on February 17, 2021, 08:52:41 PM
If we ever got to a point in the world where we had no AC/DC, not having access to bitcoin would be the least of our worries...

Won't happen though, so the scenario is ridiculous from the outset.


Vince, you should invest into windmills/solar "energy"  ;D ;D ;D

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 17, 2021, 09:00:12 PM
So Mr Anabolic? HOW DID YOU CELEBRATE THE BLAST THROUGH THE 50k MARK?

Eat a few extra cans of tuna?  Do a few extra curls with kilos of silver ingots?

Never forget - "Blips to 100K, then to million..."
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 17, 2021, 09:02:42 PM
Quote from: Teutonic Knight on February 17, 2021, 08:58:00 PM

Vince, you should invest into windmills/solar "energy"  ;D ;D ;D

Indeed I have invested in a range of energy companies. Both traditional, oil & gas, but also clean such as hydro and solar...

On a related note, just as Mr Anabolic learned his lesson mocking me with Bitcoin, you yourself learned your lesson mocking me when in January 2020 I warned of the coming covid epidemic. One year on, and now you know...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 17, 2021, 09:07:07 PM
ETH goes above the price of gold.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 17, 2021, 09:16:45 PM
Quote from: Griffith on February 17, 2021, 09:07:07 PM
ETH goes above the price of gold.

Gold is around 58K USD a kilo. 1 Eth is around 1.9K USD.

BTC has a shot at this milestone though, with USD 58K per BTC a real possibility.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: evacnam on February 17, 2021, 09:25:59 PM
people can mock gib all they want, but if i wasnt poor and had extra money, I would have invested in what he told me to. I havent seen him be wrong
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 17, 2021, 09:28:27 PM
Quote from: gib on February 17, 2021, 09:16:45 PM
Gold is around 58K USD a kilo. 1 Eth is around 1.9K USD.

BTC has a shot at this milestone though, with USD 58K per BTC a real possibility.

Gold price is measured by ounce.

Right now gold is about $1782 and ETH is $1900, so it is above the gold price.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 17, 2021, 09:36:04 PM
Quote from: Griffith on February 17, 2021, 09:28:27 PM
Gold price is measured by ounce.

Right now gold is about $1782 and ETH is $1900, so it is above the gold price.

Gold can be measured by ounces, that is true. But when you get to my level, you measure it in kilos :)

I have numerous 1 oz gold coins, but all my bars are in kilos. Both are cool in the own ways. Both are damn heavy, especially the bars!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight on February 17, 2021, 09:39:42 PM
Quote from: gib on February 17, 2021, 09:02:42 PM
Indeed I have invested in a range of energy companies. Both traditional, oil & gas, but also clean such as hydro and solar...

On a related note, just as Mr Anabolic learned his lesson mocking me with Bitcoin, you yourself learned your lesson mocking me when in January 2020 I warned of the coming covid epidemic. One year on, and now you know...

Dumb ass VINCE , solar energy is NOT CLEAN 1, every single windmill needs a 100's L of oil to operates ...........you are

more naive than Greta ................

OBW, what's happened to 'rolling heads' of WHO  ;D ;D ;D ...............uncle Tedros is collecting billions  ;D ;D ;D

There is NO Wuhan virus/covid epidemic , hey DUMBO I was 3X in SEA in the last 14 months & surprise,surprise no virus wants me

 :'( :'( :'(

DUMBO, tell me why air crews (pilots & hosteses) DON"T get "Covid"  ;D ;D ;D

DUMBO, all mega rich have a Monaco passport  8), do YOU have 1 too  ;D !.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 17, 2021, 09:41:45 PM
Quote from: obsidian on February 17, 2021, 05:38:57 PM
Ethereum just passed $1900! Goddamn that took a while.

Bitboy reckons it was mining giant f2pool sellling off so they could buy the dips to maximize their gains. Along with institutional investors trying to get it at a lower price. Fundamentals for Ethereum is good so it should have gone past $2000 a few weeks ago.



Yeah the price started moving up as soon as this was plastered all.over youtube, etc...just like with BTC and f2pool . As soon as that came out the price of BTC went up.  Coincidence?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 17, 2021, 10:03:47 PM
Quote from: gib on February 17, 2021, 09:36:04 PM
Gold can be measured by ounces, that is true. But when you get to my level, you measure it in kilos :)

I have numerous 1 oz gold coins, but all my bars are in kilos. Both are cool in the own ways. Both are damn heavy, especially the bars!

The fact is that price of gold is valued per ounce.

Someone could say they use tonnes to measure the mountains of gold in their vaults, but that is irrelevant to how gold is priced.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 17, 2021, 10:09:16 PM
Many people do use kilos as a measure, but yes in some countries and for smaller amounts yeah Oz for sure. In the UK and others parts of Europe they increasingly use a "metric system". Grams, kilos, etc.

See example here:

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 17, 2021, 10:10:17 PM
Quote from: evacnam on February 17, 2021, 09:25:59 PM
people can mock gib all they want, but if i wasnt poor and had extra money, I would have invested in what he told me to. I havent seen him be wrong

He has been wrong about Ethereum.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 17, 2021, 10:15:22 PM
I do love my kilo bars though... :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 17, 2021, 10:16:09 PM
Quote from: Griffith on February 17, 2021, 10:10:17 PM
He has been wrong about Ethereum.

Huh? What was I wrong about?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight on February 17, 2021, 10:58:50 PM
Quote from: gib on February 17, 2021, 10:09:16 PM
Many people do use kilos as a measure, but yes in some countries and for smaller amounts yeah Oz for sure. In the UK and others parts of Europe they increasingly use a "metric system". Grams, kilos, etc.

See example here:


SUPER DUMBO, only 3 countries still use Imperial system (USA,Liberia & Burma) !.

In Europe Metric system is used for 100's of years , you really know shit !.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 17, 2021, 11:03:30 PM
Quote from: gib on February 17, 2021, 10:15:22 PM
I do love my kilo bars though... :)

Hahaha nicely done.

Rich cnt lol ;)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on February 17, 2021, 11:48:51 PM
Quote from: gib on February 17, 2021, 10:16:09 PM
Huh? What was I wrong about?

You dont agree with the shitcoiners that eth will hit a 10trillion market cap EOY.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 18, 2021, 12:11:02 AM
Quote from: Theoak* on February 17, 2021, 11:48:51 PM
You dont agree with the shitcoiners that eth will hit a 10trillion market cap EOY.

Lol - well that I agree with. Its certainly very unlikely. :)

I view eth as a (eventually and inevitably) free protocol for smart contracts. That is not to say though that in the short term people will not trade in its tokens and ascribe some sort of monetary value to them. I think people are confusing cool technology with tokens having any kind of inherent value, but Eth could well still rise substantially on this basis.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 18, 2021, 12:39:37 AM
Quote from: gib on February 18, 2021, 12:11:02 AM
Lol - well that I agree with. Its certainly very unlikely. :)

I view eth as a (eventually and inevitably) free protocol for smart contracts. That is not to say though that in the short term people will not trade in its tokens and ascribe some sort of monetary value to them. I think people are confusing cool technology with tokens having any kind of inherent value, but Eth could well still rise substantially on this basis.
Who says it will be a free protocol for smart contracts? Can you elaborate? This makes zero sense. Sounds like this article from a Bitcoin Maximalist. What is your background? Do you have a PHD in computer science?

https://techcrunch.com/2018/09/02/the-collapse-of-eth-is-inevitable/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAMvUp7AEW0lOSeCXbRtZ_wTsayje8K45ZVAczNxyEN5YPIEqfAi9-LU6R6Y4xPYPMXQYXRYOkgkmcoTSFRWXH2kuj8HOKo6mKQitYTCef05AkZjr8hte_9fZVWSXHfQfg55R1pZpBSymdsgiu6-Xzah8OFmq5kWDuLJkt_gCXGg7

You are also forgetting the network effect. If people or institutions buy Ethereum with hard earned cash why would this network affect suddenly disappear? Right now it cost close to $1900 to buy 1 Ethereum. That means it is relatively hard for people living paycheck to paycheck to acquire even 1 Ethereum. Supply and demand is driving the price just like Bitcoin's.

If Ethereum goes to zero the very same thing could happen to Bitcoin. I fail to see how it would somehow be immune. Bitcoin was originally intended as a currency but the narrative changed to where it is becoming a store of value. The same thing could happen to Ethereum and I would argue has already started. After all 1 ETH has reached an ATH over $1,900.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 18, 2021, 12:45:36 AM
Say what you want about Mark Cuban, he's still a Billionaire.

https://thedefiant.substack.com/p/mark-cuban-eth-has-an-advantage-over-12f

Mark Cuban: "ETH Has an Advantage Over BTC as a Store of Value"
Cuban talks about why he's bullish on DeFi in this week's Defiant podcast.

In this week’s Defiant podcast episode, I speak with Mark Cuban, Dallas Mavericks owner, billionaire investor and Shark Tank star —and Defiant subscriber :)

It’s been hard to pin down if Cuban is a crypto skeptic or believer. He has questioned the value of bitcoin and called its price surges a bubble, but he has also accepted crypto payments for his basketball team, and tweeted about using Aave and selling NFTs. You’ll have no doubt after listening to this interview where he stands: Cuban is a crypto bull, but more specifically a DeFi and Ethereum bull.

He says his general stance hasn’t really changed; he still believes bitcoin can’t be used as currency, but thinks its underlying narrative has strengthened, to become powerful enough to support it as a store of value.

But what he’s really excited about is smart contracts, which are allowing developers to make any decentralized application they can dream of, sparking innovation and compounding network effects, and most importantly, laying the foundation for what he calls “friction-free banking.”

Because most of this innovation is happening on Ethereum, he believes ETH is becoming a better store of value than BTC.

We talk about NFTs and how he believes they’ll be a game-changer, predicting digital collectibles will overtake the physical collectibles market. We also talk about DAOs, and he muses how much better Wall Street Bets would be if it was a blockchain-based forum where users could pool their tokens and invest together.

Cuban also goes over his takeaways after using DeFi dapps like Aave, and talks a bit about his portfolio, which right now holds more Bitcoin than Ether. But that may change. He says when there are pullbacks, he’s buying more ETH, not BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 18, 2021, 01:02:47 AM
How high can Binance Coin go? It has been shooting up like crazy and the tokens are being burned so will become more scarce. I've had BNB for over 3 years when it was $8. Now it is approaching $200! Just wish I had gotten more of it. I recently sold some ETH for BNB. BNB has outperformed Bitcoin and Ethereum the past year. Cardano has outperfomed all by a huge margin. Dogecoin outperformed Cardano!  ;D

Based on the returns Dogecoin was a better investment than Bitcoin the past year lol! By a lot!

https://www.theblockcrypto.com/linked/91714/binance-quarterly-token-burn-highest-ever
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 18, 2021, 01:12:58 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on February 18, 2021, 02:04:17 AM
Quote from: obsidian on February 18, 2021, 12:39:37 AM
Who says it will be a free protocol for smart contracts? Can you elaborate? This makes zero sense. Sounds like this article from a Bitcoin Maximalist. What is your background? Do you have a PHD in computer science?

https://techcrunch.com/2018/09/02/the-collapse-of-eth-is-inevitable/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAMvUp7AEW0lOSeCXbRtZ_wTsayje8K45ZVAczNxyEN5YPIEqfAi9-LU6R6Y4xPYPMXQYXRYOkgkmcoTSFRWXH2kuj8HOKo6mKQitYTCef05AkZjr8hte_9fZVWSXHfQfg55R1pZpBSymdsgiu6-Xzah8OFmq5kWDuLJkt_gCXGg7

You are also forgetting the network effect. If people or institutions buy Ethereum with hard earned cash why would this network affect suddenly disappear? Right now it cost close to $1900 to buy 1 Ethereum. That means it is relatively hard for people living paycheck to paycheck to acquire even 1 Ethereum. Supply and demand is driving the price just like Bitcoin's.

If Ethereum goes to zero the very same thing could happen to Bitcoin. I fail to see how it would somehow be immune. Bitcoin was originally intended as a currency but the narrative changed to where it is becoming a store of value. The same thing could happen to Ethereum and I would argue has already started. After all 1 ETH has reached an ATH over $1,900.



Would you like to make a 10k aud bet right  now that eth wont touch 20k by the EOY.  I hold a substantial amount of ETH  only because  I got into it at sub 40$ range.
I can pay you in ETH if you win. Anything under  20k by jan 1 2022 and you pay me out.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on February 18, 2021, 02:06:00 AM
I should start my own cryptocurrency.  There are obviously enough stupid people who are more than happy to invest in imaginary money.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 18, 2021, 02:36:42 AM
Quote from: Theoak* on February 18, 2021, 02:04:17 AM
Would you like to make a 10k aud bet right  now that eth wont touch 20k by the EOY.  I hold a substantial amount of ETH  only because  I got into it at sub 40$ range.
I can pay you in ETH if you win. Anything under  20k by jan 1 2022 and you pay me out.

It would have to add 2000 dollars every month to get to 20grand by the end of the year. Not a chance at this rate. Even 10 grand would be a huge accomplishment.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 18, 2021, 02:38:01 AM
Quote from: Theoak* on February 18, 2021, 02:04:17 AM
Would you like to make a 10k aud bet right  now that eth wont touch 20k by the EOY.  I hold a substantial amount of ETH  only because  I got into it at sub 40$ range.
I can pay you in ETH if you win. Anything under  20k by jan 1 2022 and you pay me out.
Thanks for the offer but I don't bet like that. I learned years ago that casino's are not for me. When I visited Vegas I was their worse customer. Ate all their good cheap food, watched a few shows and that was it. I may have dumped $1 in coins in a slot machine.

I also don't want to jinx Ethereum so I will use reverse psychology and say there is now way in hell Ethereum goes to $20,000 by the EOY.  ;D 8)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 18, 2021, 02:46:05 AM
Quote from: Bindare_Dundat on February 18, 2021, 02:36:42 AM
It would have to add 2000 dollars every month to get to 20grand by the end of the year. Not a chance at this rate. Even 10 grand would be a huge accomplishment.
Bitcoin did that in 2017. Bitcoin just recently added $20,000 in about 2 weeks?! If you look at past history Ethereum has made some epic moves. In 2017 it went in about 1 year from +/- $9 to $1353.55. What is that a 15,039% increase in 1 year?! If Ethereum repeated that run in 2021 it would end 2021 at $285,749.44!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 18, 2021, 02:50:14 AM
New ETH ATH so far of $1,928.86 per coinranking.com

https://www.cnbc.com/2021/02/18/ether-eth-hits-record-high-as-bitcoin-btc-rally-continues.html

Ether, the world's second-largest digital currency, hit a record high on Thursday, driven up by the continuing rally in bitcoin.

The price of ether hit $1,918.52 during morning trade in Asia but has since pared some gains, according to CoinDesk data. It was trading at $1,883.58 at 12.14 p.m. Singapore time, up around 8%.


Ether has seen a year-to-date price rise of 160% compared to bitcoin's 78% surge in the same period.

But it is the rally in bitcoin — which surpassed $52,000 for the first time on Wednesday — that's helping to push up ether as well.

"The ether slingshot is in motion, with the number 2 coin looking cheap and posed to surge relative to bitcoin's $52k level," Jehan Chu, co-founder of cryptocurrency focused venture capital and trading firm Kenetic Capital, told CNBC.


Ether is the digital coin that powers the ethereum network. Developers can build apps upon ethereum's network.

In that way, ethereum works as a kind of decentralized software platform, which is different to bitcoin, which is designed to just be a currency or store of value. But it's similar to bitcoin in that it is underpinned by so-called blockchain technology.


While there is no single factor for Thursday's price rise, there have been a few developments going on in the background.

Last year, an upgrade called Ethereum 2.0, was launched for the network. Proponents argue this should help ethereum, and the coin ether, to become bigger. The upgrade is still rolling out.

And this month, derivatives exchange CME (Chicago Mercantile Exchange) launched ether futures, potentially opening the doors for more institutional investors to get in on the action.

"Despite ongoing complaints about Ethereum network fees, it remains the go-to destination for all blockchain applications," Chu said.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 18, 2021, 02:53:30 AM
Quote from: Humble Narcissist on February 18, 2021, 02:06:00 AM
I should start my own cryptocurrency.  There are obviously enough stupid people who are more than happy to invest in imaginary money.
That's not how it all works. I know a little about computers and have no idea how to program a blockchain. Can you program? Do you know how to program a variety of applications that can run on a blockchain?

Fiat currencies is imaginary money.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 18, 2021, 03:00:56 AM
Quote from: Theoak* on February 18, 2021, 02:04:17 AM
Would you like to make a 10k aud bet right  now that eth wont touch 20k by the EOY.  I hold a substantial amount of ETH  only because  I got into it at sub 40$ range.
I can pay you in ETH if you win. Anything under  20k by jan 1 2022 and you pay me out.

Be careful of that wager.

It will most likely need the turn of the year to reach it if it’s a double peak.

Why not say 6k and then you’ll shit it in :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 18, 2021, 03:06:00 AM
Quote from: obsidian on February 18, 2021, 12:39:37 AM
Who says it will be a free protocol for smart contracts? Can you elaborate? This makes zero sense. Sounds like this article from a Bitcoin Maximalist. What is your background? Do you have a PHD in computer science?

https://techcrunch.com/2018/09/02/the-collapse-of-eth-is-inevitable/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAMvUp7AEW0lOSeCXbRtZ_wTsayje8K45ZVAczNxyEN5YPIEqfAi9-LU6R6Y4xPYPMXQYXRYOkgkmcoTSFRWXH2kuj8HOKo6mKQitYTCef05AkZjr8hte_9fZVWSXHfQfg55R1pZpBSymdsgiu6-Xzah8OFmq5kWDuLJkt_gCXGg7

You are also forgetting the network effect. If people or institutions buy Ethereum with hard earned cash why would this network affect suddenly disappear? Right now it cost close to $1900 to buy 1 Ethereum. That means it is relatively hard for people living paycheck to paycheck to acquire even 1 Ethereum. Supply and demand is driving the price just like Bitcoin's.

If Ethereum goes to zero the very same thing could happen to Bitcoin. I fail to see how it would somehow be immune. Bitcoin was originally intended as a currency but the narrative changed to where it is becoming a store of value. The same thing could happen to Ethereum and I would argue has already started. After all 1 ETH has reached an ATH over $1,900.


Morning! No time for a long response. I have addressed my thoughts in prior posts. PLease take a look over the last few weeks posts. Gotta go!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on February 18, 2021, 03:08:31 AM
Quote from: Mayday on February 18, 2021, 03:00:56 AM
Be careful of that wager.

It will most likely need the turn of the year to reach it if it’s a double peak.

Why not say 6k and then you’ll shit it in :)

Im offering you the same wager. Make it 20k because you got  skin in th3 game. Judging by your lingo youre definately Australian. Ill hand deliver the dirty fiat even.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on February 18, 2021, 03:26:36 AM
Quote from: obsidian on February 18, 2021, 02:53:30 AM
That's not how it all works. I know a little about computers and have no idea how to program a blockchain. Can you program? Do you know how to program a variety of applications that can run on a blockchain?

Fiat currencies is imaginary money.
Really?  I use fiat currency everyday to buy goods and services.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on February 18, 2021, 07:38:16 AM
Quote from: Theoak* on February 18, 2021, 03:08:31 AM
Im offering you the same wager. Make it 20k because you got  skin in th3 game. Judging by your lingo youre definately Australian. Ill hand deliver the dirty fiat even.



The gambling gene showing itself here....the appeal of BTC is to the easy money crowd at this point. Bernie Bro money...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 18, 2021, 09:07:47 AM
https://www.techradar.com/uk/news/coinbase-will-soon-allow-users-to-earn-interest-on-ethereum

Coinbase will soon allow users to earn interest on Ethereum

Cryptocurrency exchange Coinbase has launched a waiting list for users that would like to earn interest on Ether (ETH) held in their account wallet.

As per a recent blog post, the firm will soon introduce a staking facility that will allow customers to set aside a portion of their holdings to be funnelled into the new-look Ethereum network, where it will be used to keep the system well-oiled and secure.

The exchange claims participants could earn interest of up to 7.5% on the amount staked, but will be unable to sell or transact using the allotted Ether for the moment. However, there will be no staking minimum, so users can pledge as little or as much as they like.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 18, 2021, 01:42:27 PM
Still find it funny that as soon as f2pool gets called out the price of ETH starts going up.  :-\
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on February 18, 2021, 02:15:33 PM
Finally had the pullback day.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 18, 2021, 04:58:57 PM
Quote from: Theoak* on February 18, 2021, 03:08:31 AM
Im offering you the same wager. Make it 20k because you got  skin in th3 game. Judging by your lingo youre definately Australian. Ill hand deliver the dirty fiat even.

I’m heavy ETH. I am pro 20k target ETH in this uptrend.

I can’t wager on the time because I can’t see enough favour in my odds but I think it will be either December or early 2022. It will be close.

the 100k peak this uptrend has almost been crushed by underlying data and market behaviour already.  The 100k was based on a 40k floor price and we are already at 30.3k with a 52k market price. We will soon know whether a 500k/40k blow off top is the new target this round.

My gut is telling me this uptrend is ended by govt intervention which will make the ‘risk’ of possible banning very, very real and result in a crash. Perhaps we see a regulation of the ability to move crypto to and from exchanges that causes a run for the exits as people looking to dodge tax while they still can.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 18, 2021, 05:32:54 PM
Quote from: Mayday on February 18, 2021, 04:58:57 PM
I’m heavy ETH. I am pro 20k target ETH in this uptrend.

I can’t wager on the time because I can’t see enough favour in my odds but I think it will be either December or early 2022. It will be close.

the 100k peak this uptrend has almost been crushed by underlying data and market behaviour already.  The 100k was based on a 40k floor price and we are already at 30.3k with a 52k market price. We will soon know whether a 500k/40k blow off top is the new target this round.

My gut is telling me this uptrend is ended by govt intervention which will make the ‘risk’ of possible banning very, very real and result in a crash. Perhaps we see a regulation of the ability to move crypto to and from exchanges that causes a run for the exits as people looking to dodge tax while they still can.

To the moon by Monday. Lol

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 18, 2021, 08:51:57 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 19, 2021, 01:14:30 AM
Quote from: obsidian on February 18, 2021, 01:02:47 AM
How high can Binance Coin go? It has been shooting up like crazy and the tokens are being burned so will become more scarce. I've had BNB for over 3 years when it was $8. Now it is approaching $200! Just wish I had gotten more of it. I recently sold some ETH for BNB. BNB has outperformed Bitcoin and Ethereum the past year. Cardano has outperfomed all by a huge margin. Dogecoin outperformed Cardano!  ;D

Based on the returns Dogecoin was a better investment than Bitcoin the past year lol! By a lot!

https://www.theblockcrypto.com/linked/91714/binance-quarterly-token-burn-highest-ever
Binance Coin (BNB) is now the number 3 crypto. It makes sense. Binance is the biggest crypto exchange. Binance Smart Chain (BSC) can run Ethereum Smart Contracts with minor code modifications.

BNB is up a whopping 518.07% in the past 30 days. GIB - if you had sold your 50 BTC for BNB you could now have bought back over 200 BTC!

https://www.coindesk.com/pancakeswap-brings-whopping-defi-volumes-to-binance-smart-chain

https://www.coindesk.com/binance-ceo-defi-cannibalize-crypto-exchange
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 19, 2021, 01:20:32 AM
https://www.ripplesnigeria.com/binance-founder-faults-cryptocurrency-exchanges-for-ignoring-binance-coin-xvs/

Changpeng Zhao, the founder of the largest cryptocurrency exchange in the world, Binance, has faulted competitors for overlooking BNB (binance coin), and not listing it on their exchange for users to buy and sell.

Binance coin is one of the growing cryptocurrencies in the world, which Zhao described as the 4th largest cryptocurrency.

According to him, Binance coin not being listed by other exchanges limits its rivals’ growth.

Zhao said he shouldn’t be bothered about the decision as it favours him, but he wants the cryptocurrency market to grow. Aside from BNB, the Binance founder also mentioned the omission of Cake and XVS (another type of cryptocurrency) by other cryptocurrency platforms.

“It’s interesting many exchanges won’t list the 4th largest crypto. It shows a finite mindset. And they still don’t understand that it limits their own growth. As #BSC/#BNB gets bigger, this effect will become increasingly clear.

“And already the largest in daily smart contract transaction volume. Let’s watch them miss out on the real DeFi action.

“It’s crazy to see many exchanges didn’t list tokens like $CAKE, $XVS, etc. Their loss. The selfish part of me didn’t want to tell them this actually. But we want the industry to grow.

“#BSC and projects on BSC will continue to grow without other exchange listings. They got @Binance already. It’s really for the other exchanges’ benefit to list some of the strong #BSC tokens.” Zhao said in a statement on Twitter, on Thursday.

Checks by Ripples Nigeria showed that 0.0051263 units of BNB sells at $263.45 on Binance, while 0.0019125 units of XVS is trading at $98.29. No figure was listed for Cake as at the time of filing this report.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 19, 2021, 01:35:22 AM
52.8k with what looks to be about 3-4 days left of steam. We are closing in quickly! The odds are for a rejection because any time a rally has had 1 rejection it has had a 2nd. PlusMicrostrategy, Raoul Pal and other big players all just happen to be standing by to buy in.... their timing always seems impeccable lol.


Obsidian it will be interesting to see how much BNB pulls back ‘if’ BTC gets rejected from the 55k range. I might chuck a couple of grand in if it looks good and use the profit as flash money to get myself something nice.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 19, 2021, 02:42:12 AM
Quote from: Mayday on February 19, 2021, 01:35:22 AM
52.8k with what looks to be about 3-4 days left of steam. We are closing in quickly! The odds are for a rejection because any time a rally has had 1 rejection it has had a 2nd. PlusMicrostrategy, Raoul Pal and other big players all just happen to be standing by to buy in.... their timing always seems impeccable lol.


Obsidian it will be interesting to see how much BNB pulls back ‘if’ BTC gets rejected from the 55k range. I might chuck a couple of grand in if it looks good and use the profit as flash money to get myself something nice.
I bought BNB in 2018 when it was $8. Should have loaded up on it. Some think it could shoot up to $2000 or more this cycle. One thing I need to improve on is learning to take profits along the way. I think greed gets the better of me and I just hodl forever and once shit goes downhill I keep thinking how high it was and just never sell and ride all the way down and up the next bull run lol! GIB keeps telling people to get 1 BTC and just hold forever. However he bailed out of BTC real quick when the price crashed in 2018. Only to buy back in at the bottom.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 19, 2021, 02:54:06 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 19, 2021, 03:02:55 AM

We have this uptrend and the next in 2024-25 but everything will change in this one.

We will see investors front running the 2024 cycle at the end of this one which may result in capital draw from other markets at an alarming rate. Govts may step in as a result which will cause a crash.

I am looking at it like this.

Own 1 BTC to hold until 2028 where it will be worth 10M+ at that point. Anything on top of that you can sell and pay off the mortgage, cars and whatever else and live an easy life.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 19, 2021, 07:18:07 AM
Quote from: obsidian on February 19, 2021, 01:14:30 AM
Binance Coin (BNB) is now the number 3 crypto. It makes sense. Binance is the biggest crypto exchange. Binance Smart Chain (BSC) can run Ethereum Smart Contracts with minor code modifications.

BNB is up a whopping 518.07% in the past 30 days. GIB - if you had sold your 50 BTC for BNB you could now have bought back over 200 BTC!

https://www.coindesk.com/pancakeswap-brings-whopping-defi-volumes-to-binance-smart-chain

https://www.coindesk.com/binance-ceo-defi-cannibalize-crypto-exchange

wow, fuck me.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on February 19, 2021, 08:10:28 AM
$ 53,782.58
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 19, 2021, 08:39:21 AM
Guess the ETFs helped. One of best ETF openings in history
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on February 19, 2021, 10:06:03 AM
Quote from: Mayday on February 19, 2021, 03:02:55 AM
We have this uptrend and the next in 2024-25 but everything will change in this one.

We will see investors front running the 2024 cycle at the end of this one which may result in capital draw from other markets at an alarming rate. Govts may step in as a result which will cause a crash.

I am looking at it like this.

Own 1 BTC to hold until 2028 where it will be worth 10M+ at that point. Anything on top of that you can sell and pay off the mortgage, cars and whatever else and live an easy life.

I like your assertions, price predictions are on par with ny beliefs and get me one step closer to a la ferrari....

However when tech and institutions start pumping btc into their balance sheets then it will become to big to fail. Its these tech companies, wall st moguls who line the pockets of the governments. It would be counter productive to crash something their backers are invested in.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 19, 2021, 10:21:58 AM
Quote from: Theoak* on February 19, 2021, 10:06:03 AM
I like your assertions, price predictions are on par with ny beliefs and get me one step closer to a la ferrari....

However when tech and institutions start pumping btc into their balance sheets then it will become to big to fail. Its these tech companies, wall st moguls who line the pockets of the governments. It would be counter productive to crash something their backers are invested in.

Agreed. Why stop something that's winning? It would like cutting off your own nose to spite your face.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on February 19, 2021, 11:27:25 AM
Bitcoin market value tops $1 trillion for first time ever as crypto price soars

 (https://images.mktw.net/im-301606?width=1260&size=1.4382022471910112)

The world’s No. 1 cryptocurrency hit a record high on Friday, propelling it to a market value above $1 trillion for the first time ever.

A single bitcoin BTCUSD, +5.53% jumped to a record at $$53,910.44, based on prices tracked by CoinDesk, briefly bringing its total market capitalization to a peak at $1,002,547,798,785, according to data from research company CoinMarketCap.com.

 Meanwhile, the S&P 500 index SPX, -0.10% is looking at a year-to-date gain of 4.5%, the Dow Jones Industrial Average DJIA, 0.13% is up 3.3% and the Nasdaq Composite Index COMP, 0.04% is looking at a gain thus far in the year of over 8%.

“Bitcoin price reaching the 1 trillion dollar is the most exciting news of this year,” wrote Naeem Aslam, chief market analyst at AvaTrade, in an emailed note. “This was long coming and the fact is that we are only 10X away from flipping the gold market cap on its head,” he said.

The ascent of the digital asset created just 12 years ago by a person or persons known as Satoshi Nakamoto has been attributed to growing institutional interest in bitcoin and other alternative cryptographically backed assets.

https://www.marketwatch.com/story/bitcoin-market-value-tops-1-trillion-for-first-time-ever-as-crypto-price-soars-11613751855
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on February 19, 2021, 12:16:08 PM
It's amazing at how nothing is worth $1 Trillion.  WTF.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on February 19, 2021, 12:30:30 PM
Quote from: obsidian on February 18, 2021, 08:51:57 PM


So basically Russia is controlling Ehereum.  So if the crypto destroys the dollar then what is a bitcoin really worth? 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight on February 19, 2021, 01:40:45 PM
Quote from: FitnessFrenzy on February 19, 2021, 08:10:28 AM
$ 53,782.58


Imagionary 'coin' is valued in the USD ???.  ::)

Get real guys !.  8)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Al Doggity on February 19, 2021, 01:49:14 PM
Quote from: Teutonic Knight on February 19, 2021, 01:40:45 PM

Imagionary 'coin' is valued in the USD ???.  ::)

Get real guys !.  8)

Yeah, get real guys. Stick to logical things like printing press money or the completely rational stock market. Imaginary coins are so crazy compared to the other ways people trade currency and build wealth.  ::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on February 19, 2021, 02:34:16 PM
Quote from: Mayday on February 19, 2021, 03:02:55 AM
We have this uptrend and the next in 2024-25 but everything will change in this one.

We will see investors front running the 2024 cycle at the end of this one which may result in capital draw from other markets at an alarming rate. Govts may step in as a result which will cause a crash.

I am looking at it like this.

Own 1 BTC to hold until 2028 where it will be worth 10M+ at that point. Anything on top of that you can sell and pay off the mortgage, cars and whatever else and live an easy life.

How do you know this? Others, who live for this stuff, say different. What do you know that other self-proclaimmed experts don't?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on February 19, 2021, 02:36:34 PM
Quote from: Al Doggity on February 19, 2021, 01:49:14 PM
Yeah, get real guys. Stick to logical things like printing press money or the completely rational stock market. Imaginary coins are so crazy compared to the other ways people trade currency and build wealth.  ::)

X2. To mock cryptos and to have so much faith in printed paper money.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 19, 2021, 08:38:19 PM
Ethereum just reached $2,037.96 on Coinranking.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 19, 2021, 08:42:56 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 19, 2021, 09:02:10 PM
Quote from: Teutonic Knight on February 19, 2021, 01:40:45 PM

Imagionary 'coin' is valued in the USD ???.  ::)

Get real guys !.  8)

Lol. The so-called "imagionary coin" is perfectly limited and finite in supply, and with a publicly visible record on the blockchain, which we know with certainty has ALWAYS (until now) increased in value over time.

vs.

The USD which we know is fake money, can be infinitely produced, with no exact certainty of how much of it exists, which we know with certainty has ALWAYS (until now) decreased in value over time.

The USD is a ponzi scheme. Bitcoin is our saviour.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 19, 2021, 10:29:51 PM
Quote from: pellius on February 19, 2021, 02:34:16 PM
How do you know this? Others, who live for this stuff, say different. What do you know that other self-proclaimmed experts don't?

I can’t comment on what the people you label as experts do or do not know or how they choose their primary indicators.

Just to be clear, you are saying your experts don’t believe that any institutions will want to front run the next 4yr cycle where they might 10x their investment in 4yrs? You don’t think that interests them?

And to be clear you are saying your experts don’t believe that a sudden infusion of capital into crypto which may draw away capital from the very financial markets the central banks just dumped trillions of QE into would cause any reaction at all from govts, central banks and regulators to prevent further capital draw?

Do your experts refute the experts who have compiled data showing the buying and holding behaviour right now is unlike any other time in crypto history?

Do your experts not believe that institutions can suffer from FOMO? What is their take on GME when funds were happy to go long on a $3 stock all the way to $400 which they knew was maybe worth $5?

Of course, it’s possible the above may not result in anything different to previous times just like your experts claim. I’m merely posting on Getbig, hardly a financial platform but believe it or not I enjoy this thread and the discussions it brings however right of wrong they may be.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on February 20, 2021, 03:08:48 AM
Quote from: El Diablo Blanco on February 19, 2021, 12:30:30 PM
So basically Russia is controlling Ehereum.  So if the crypto destroys the dollar then what is a bitcoin really worth?
None of it has any real worth.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on February 20, 2021, 03:17:05 AM
The US dollar has lost 90% of it's purchasing power since it was taken off the gold standard in 1971.  We are being lied to and stolen from.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on February 20, 2021, 03:17:13 AM
$ 55,945.60
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 20, 2021, 03:24:41 AM
Quote from: Humble Narcissist on February 20, 2021, 03:08:48 AM
None of it has any real worth.

This is a false statement.

The reality is that anything that anyone is willing to accept exchange for something else of value has "real worth". This could be some Satoshies, could be a lump of gold, could be a work of "modern art", could be Mr Anabolic's favourites stores of value (cans of tuna and silver ingots), could be a (depreciating) fiat currency.
 
You personally may not think its rational that a perfectly scarce global crypto currency has the value the market ascribes to it, That is your choice. Similarly, there are many others who increasingly think its rational that a unlimited supply of pieces of paper with a number printed on them has "value". That is their choice.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on February 20, 2021, 03:24:59 AM
Quote from: FitnessFrenzy on February 20, 2021, 03:17:13 AM
$ 55,945.60

$60,000 soon.

(https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fi2.wp.com%2Fmedia.giphy.com%2Fmedia%2FYZGJc1WmUZPi0%2Fgiphy.gif%3Fresize%3D300%252C200%26ssl%3D1&f=1&nofb=1)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on February 20, 2021, 03:30:11 AM
Quote from: gib on February 20, 2021, 03:24:41 AM
This is a false statement.

The reality is that anything that anyone is willing to accept exchange for something else of value has "real worth". This could be some Satoshies, could be a lump of gold, could be a work of "modern art", could be Mr Anabolic's favourites stores of value (cans of tuna and silver ingots), could be a (depreciating) fiat currency.
 
You personally may not think its rational that a perfectly scarce global crypto currency has the value the market ascribes to it, That is your choice. Similarly, there are many others who increasingly think its rational that a unlimited supply of pieces of paper with a number printed on them has "value". That is their choice.
That paper actually has value.  I pay my bills, buy food and gas with paper or digits on a screen backed by said paper.  Do you buy groceries, gas and pay bills with bitcoin or any other cryptocurrency?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 20, 2021, 05:09:54 AM
Quote from: Humble Narcissist on February 20, 2021, 03:30:11 AM
That paper actually has value.  I pay my bills, buy food and gas with paper or digits on a screen backed by said paper.  Do you buy groceries, gas and pay bills with bitcoin or any other cryptocurrency?

Lol. It's okay,  you still have time to buy some worthless cryto.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Gitur on February 20, 2021, 05:18:18 AM
Quote from: Humble Narcissist on February 20, 2021, 03:30:11 AM
That paper actually has value.  I pay my bills, buy food and gas with paper or digits on a screen backed by said paper.  Do you buy groceries, gas and pay bills with bitcoin or any other cryptocurrency?

Who gave the paper that value?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 20, 2021, 03:37:13 PM
Quote from: Bindare_Dundat on February 20, 2021, 02:39:20 PM
Eth sucks.   :-\

they are squeezing the longs. ETH slapped from over 2k down to 1.8k in the last 3hrs which closes out all the long positions. In the chat rooms people got wrecked.

Go back to the very start of the rally in November/December and ETH lagged behind. Then in Jan ETH lagged behind. Now in Feb ETH is lagging behind. I figure by it doing nothing it looks normal LOL???

I’m watching my BTC, ADA and DOT fly upwards and then there is the Mong called ETH picking it’s nose.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight on February 20, 2021, 04:39:06 PM
Quote from: gib on February 19, 2021, 09:02:10 PM
Lol. The so-called "imagionary coin" is perfectly limited and finite in supply, and with a publicly visible record on the blockchain, which we know with certainty has ALWAYS (until now) increased in value over time.

vs.

The USD which we know is fake money, can be infinitely produced, with no exact certainty of how much of it exists, which we know with certainty has ALWAYS (until now) decreased in value over time.

The USD is a ponzi scheme. Bitcoin is our saviour.



F..... OFF DUMBO !.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 20, 2021, 05:14:20 PM
Quote from: Humble Narcissist on February 20, 2021, 03:30:11 AM
That paper actually has value.  I pay my bills, buy food and gas with paper or digits on a screen backed by said paper.  Do you buy groceries, gas and pay bills with bitcoin or any other cryptocurrency?
Do you pay bills with stocks like Amazon, Apple etc.?

You don't get it the dollar is losing value over time. People need a hedge against inflation.

Eventually payment systems will develop for cryptos but by then investing in it will be too late for those that sat on the sidelines.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 20, 2021, 05:24:05 PM
Quote from: Mayday on February 20, 2021, 03:37:13 PM
they are squeezing the longs. ETH slapped from over 2k down to 1.8k in the last 3hrs which closes out all the long positions. In the chat rooms people got wrecked.

Go back to the very start of the rally in November/December and ETH lagged behind. Then in Jan ETH lagged behind. Now in Feb ETH is lagging behind. I figure by it doing nothing it looks normal LOL???

I’m watching my BTC, ADA and DOT fly upwards and then there is the Mong called ETH picking it’s nose.
Small price corrections are healthy. What's unhealthy is an asset that keeps going up and up without any corrections. Bitcoin had a $3,000+ correction recently remember? Go look at the past 30 day performance.

I knew it was going to correct. I told myself I would sell some ETH at $2,000 and then buy back in at a lower price but it will just complicate my taxes. But I will probably start trading some ETH in the quest to get more ETH. I have also placed myself on the waiting list to stake ETH on Coinbase. I have more than enough ETH for my own nodes but don't want to deal with the maintenance and risks. As I understand it the staked node needs to be online 24/7 and that is a tall order because internet and power outages do happen. Coinbase takes away that risk and your holdings will be guaranteed even if Coinbase suffers a loss.

https://beincrypto.com/75-eth-2-0-validators-double-vote-lose-30000-to-penalties/

Staking service provider Staked.us had 75 of its validators penalized for acting against Ethereum (ETH) 2.0’s rules.

The event cost the company 18 ETH, or around $30,000.

The company’s leadership admitted crucial lapses in judgment while performing infrastructure upgrades.

Staked.us, an Ethereum 2.0 (ETH) staking service provider, was hit with a $30,000 penalty for accidentally double voting on the network.

On February 2, 2021, at least 75 nodes were heavily penalized on the Ethereum 2.0 network. Data from BeaconCha.in, a website dedicated to tracking the ETH 2.0 mainnet, reveals that all affected nodes were ‘slashed’ within minutes of each other.

In Ethereum, slashing refers to the process of economically punishing nodes for performing malicious actions. In this case, the slashing was triggered by double voting or running the staking software on two computers simultaneously.

The slashed validators reportedly belonged to staking service provider Staked.us. Via a blog post, CEO Tim Ogilvie admitted that the company had introduced additional risk by chasing performance gains. Staked.us had also disabled certain safeguards in this pursuit of maximizing hardware performance, further compounding the problem.

The entire ordeal cost the company approximately 18 ETH or $30,000 at current prices. However, Staked.us has since acknowledged that it will be absorbing the cost of the incident. In other words, the firm’s clients will not have to deal with either the penalties or missed income opportunity.
How Ethereum 2.0 Penalizes Malicious Nodes to Keep Them Honest

By participating in the staking process, Ethereum 2.0 validators pledge to uphold the rules of the network. Any activity that breaks them, or is deemed malicious by other honest users, is flagged by other nodes. The node owner is then penalized financially (slashed).

Each validator needs to stake 32 ETH to participate in the transaction verification process. Violations can cause penalties of up to 50% of this amount. Penalized nodes can continue participating as long as their balance stays above 16 ETH. Once this level is reached, the node is automatically ejected from the network.

This rule ensures that transaction validation can take place in a majority honest way. To successfully attack the network, a majority of validators would have to collude.

Some argue this is more difficult than a 51% attack in Proof-of-Work cryptocurrencies like Bitcoin (BTC) and even Ethereum 1.0. Instead of the hash rate, an Ethereum 2.0 attacker needs to control over half of all staked coins.

While attackers could rent computational power from services such as Nicehash, owning 51% of all staked coins is virtually impossible. The attack becomes even more difficult as the PoS network grows and attracts new stakers over time.

All of the above factors likely make attacks on the Ethereum 2.0 network fairly difficult to pull off. The 75 nodes were each penalized approximately 0.2–0.3 ETH. At a much larger scale, these penalties would require attackers to risk millions of dollars.
Mistaken Slashings: Growing Pains

On Dec. 1, 2020 Phase 0 of the ETH 2.0 network launched. Over the past two months, hundreds of validators have already been slashed. While some were likely genuine attacks, others could simply be a result of inexperience.

As with any new technology, early adopters are likely the most vulnerable to losses. As ETH 2.0 marches on, these incidents will likely serve as valuable cautionary tales to new validators.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 20, 2021, 05:28:02 PM
https://www.bitcoininsider.org/article/104382/technical-flaw-sees-ethereum-20-validator-lose-30000

Around 75 Eth 2.0 validators got “slashed” this week because of an “upgrade gone wrong’ by Staked, a staking infrastructure firm.

Staked CEO and co-founder Tim Ogilvie gave his word that since the slashing happened because of his company’s technical issue, all the affected parties will be reimbursed by them. As for Staked, they will have to pay a slashing penalty of 18 ETH (~$30,000).

What Is Slashing?

One of the most significant changes that Ethereum will be going through during its upgrade to ETH 2.0 is the shift from proof-of-work (PoW) to proof-of-stake (PoS). Ethereum will be implementing PoS using the Casper protocol. As per Casper, any validator (aka users who take care of consensus in the PoS system) found not following the network rules gets punished by having a portion of their Ethereum stake slashed. Staked implemented this system to keep the Ethereum network as efficient and honest as possible.

What Went Wrong?

As per Staked, they were trying to improve their validator performance metrics by increasing their signing rates. The idea was to enable their validators to produce more blocks and earn more staking rewards. However, they erroneously introduced a bug into the system that disabled Prysm’s on-client slashing protection database. Regarding this mistake, Staked said:

"Obviously, we should not have disabled the persistence of Prysm's database in pursuit of better performance. The performance gains we achieved weren't worth the additional risk we inadvertently added."

After learning an “expensive lesson,” Staked said it has introduced changes to how it deploys new nodes to avoid this mistake from happening again. In this new system, nodes can’t participate with validators until they are fully synced.

Who Are Staked?

Staked is one of the largest Eth 2.0 validators with a 9% staked in ETH 2.0’s total stake, which is worth $245 million. Its multi-tier signing and listening node architecture aim to deliver stakeholders a combination of security, scalability, and decentralization. The team behind Staked has a successful track record of starting, building, and operating web services at IAC/InterActiveCorp, Vimeo, AdBuyer/MediaOcean, PlanetTran, Flavors.me, Haystagg, and Think Gaming (YC 2014).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 20, 2021, 11:12:52 PM
Quote from: Humble Narcissist on February 20, 2021, 03:30:11 AM
That paper actually has value.  I pay my bills, buy food and gas with paper or digits on a screen backed by said paper.  Do you buy groceries, gas and pay bills with bitcoin or any other cryptocurrency?

The paper itself is almost worthless. Even for use as toilet paper it would not be great due to lack of absorbency. The only value it has it that which others ascribe to it, which as we know is over time, less and less.

Many of my friends in Australia (which is quite technologically backward) even now pay for bills, food, electricity, credit card fees, government rates and taxes etc in BTC now, See: https://www.livingroomofsatoshi.com/ as an example.

Numerous Governments globally accept taxes paid in BTC.

Some employees are now paid entirely in BTC.

And many of my digital nomad friends travel with Sats on a lightening wallet and pay locally with Sats. You would be surpised how many AirBNB owners accept (and even prefer) Sats, both as they can keep cash outside of the banking system but also because they prefer to keep Sats as a store of value.

Many payment providers, Square, Visa, PayPal, Cropto.com, Revolute allow you to pay in Sats (or offer a Sats to fiat payment conversion).

In the future one-coiners will simply have their BTC as collateral and then pay in ever declining fiat currency which they have borrowed against their underlying BTC as collateral.

Its all happening and only really just getting started. So, rather than stubbornly debate whether its happening or not, you should accept it is. Then, you will realize you can secure your future by becoming a one-coiner (which for many is now slipping out of reach). And you will also see how you can benefit from this global trend by investing accordingly.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 20, 2021, 11:49:51 PM
Quote from: Mayday on February 20, 2021, 03:37:13 PM
they are squeezing the longs. ETH slapped from over 2k down to 1.8k in the last 3hrs which closes out all the long positions. In the chat rooms people got wrecked.

Go back to the very start of the rally in November/December and ETH lagged behind. Then in Jan ETH lagged behind. Now in Feb ETH is lagging behind. I figure by it doing nothing it looks normal LOL???

I’m watching my BTC, ADA and DOT fly upwards and then there is the Mong called ETH picking it’s nose.

Eth sucks. Its dead in the water. I noticed this for the last week and you said I was being funny for saying it looks like it's losing steam.  Lol

There's something going with ethereum and it aint good. Keeps getting kicked in the balls. Thats why I sold most of mine when I did. No regrets so far.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 20, 2021, 11:56:11 PM
Quote from: obsidian on February 20, 2021, 05:24:05 PM
Small price corrections are healthy. What's unhealthy is an asset that keeps going up and up without any corrections. Bitcoin had a $3,000+ correction recently remember? Go look at the past 30 day performance.

I knew it was going to correct. I told myself I would sell some ETH at $2,000 and then buy back in at a lower price but it will just complicate my taxes. But I will probably start trading some ETH in the quest to get more ETH. I have also placed myself on the waiting list to stake ETH on Coinbase. I have more than enough ETH for my own nodes but don't want to deal with the maintenance and risks. As I understand it the staked node needs to be online 24/7 and that is a tall order because internet and power outages do happen. Coinbase takes away that risk and your holdings will be guaranteed even if Coinbase suffers a loss.

https://beincrypto.com/75-eth-2-0-validators-double-vote-lose-30000-to-penalties/

Staking service provider Staked.us had 75 of its validators penalized for acting against Ethereum (ETH) 2.0’s rules.

The event cost the company 18 ETH, or around $30,000.

The company’s leadership admitted crucial lapses in judgment while performing infrastructure upgrades.

Staked.us, an Ethereum 2.0 (ETH) staking service provider, was hit with a $30,000 penalty for accidentally double voting on the network.

On February 2, 2021, at least 75 nodes were heavily penalized on the Ethereum 2.0 network. Data from BeaconCha.in, a website dedicated to tracking the ETH 2.0 mainnet, reveals that all affected nodes were ‘slashed’ within minutes of each other.

In Ethereum, slashing refers to the process of economically punishing nodes for performing malicious actions. In this case, the slashing was triggered by double voting or running the staking software on two computers simultaneously.

The slashed validators reportedly belonged to staking service provider Staked.us. Via a blog post, CEO Tim Ogilvie admitted that the company had introduced additional risk by chasing performance gains. Staked.us had also disabled certain safeguards in this pursuit of maximizing hardware performance, further compounding the problem.

The entire ordeal cost the company approximately 18 ETH or $30,000 at current prices. However, Staked.us has since acknowledged that it will be absorbing the cost of the incident. In other words, the firm’s clients will not have to deal with either the penalties or missed income opportunity.
How Ethereum 2.0 Penalizes Malicious Nodes to Keep Them Honest

By participating in the staking process, Ethereum 2.0 validators pledge to uphold the rules of the network. Any activity that breaks them, or is deemed malicious by other honest users, is flagged by other nodes. The node owner is then penalized financially (slashed).

Each validator needs to stake 32 ETH to participate in the transaction verification process. Violations can cause penalties of up to 50% of this amount. Penalized nodes can continue participating as long as their balance stays above 16 ETH. Once this level is reached, the node is automatically ejected from the network.

This rule ensures that transaction validation can take place in a majority honest way. To successfully attack the network, a majority of validators would have to collude.

Some argue this is more difficult than a 51% attack in Proof-of-Work cryptocurrencies like Bitcoin (BTC) and even Ethereum 1.0. Instead of the hash rate, an Ethereum 2.0 attacker needs to control over half of all staked coins.

While attackers could rent computational power from services such as Nicehash, owning 51% of all staked coins is virtually impossible. The attack becomes even more difficult as the PoS network grows and attracts new stakers over time.

All of the above factors likely make attacks on the Ethereum 2.0 network fairly difficult to pull off. The 75 nodes were each penalized approximately 0.2–0.3 ETH. At a much larger scale, these penalties would require attackers to risk millions of dollars.
Mistaken Slashings: Growing Pains

On Dec. 1, 2020 Phase 0 of the ETH 2.0 network launched. Over the past two months, hundreds of validators have already been slashed. While some were likely genuine attacks, others could simply be a result of inexperience.

As with any new technology, early adopters are likely the most vulnerable to losses. As ETH 2.0 marches on, these incidents will likely serve as valuable cautionary tales to new validators.

They aren't small corrections. The gains get destroyed dude. In a matter of minutes whatever it gained gets wiped out. It's getting ridiculous. Like games are being played, let the price climb s little   everyone gets excited and boom, down it goes.
Agaun and again below 2000.  Not sure how long thisncan go on before people say fick it and leave an masse

I made way better gains by selling and getting into bitcoin when I did.  All the money that's been pouring into eth and it csnt do anything by comparison. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on February 21, 2021, 02:37:09 AM
Quote from: obsidian on February 20, 2021, 05:14:20 PM
Do you pay bills with stocks like Amazon, Apple etc.?

You don't get it the dollar is losing value over time. People need a hedge against inflation.

Eventually payment systems will develop for cryptos but by then investing in it will be too late for those that sat on the sidelines.
No, I don't.  If a person has stocks those are worthless until they take some money out and spend it.  Of course I understand money loses value over time, that's why I make more money!  Cryptos could disappear or lose enormous value overnight because it has no real value until you take money (real fiat money) and spend it, just like stocks.  If you have a large amount of crypto imaginary money I would take most of it out while you still can.  Leave a small amount in for future growth.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on February 21, 2021, 02:37:55 AM
Quote from: Gitur on February 20, 2021, 05:18:18 AM
Who gave the paper that value?
The Federal Reserve.  Who gave Bitcoin it's value?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on February 21, 2021, 03:06:56 AM
Before we had money we had a barter system. We traded stuff for stuff. I'll make you a pair of shoes if you give me some fish. I trade the vegetables that I grow for other stuff people in my village have. This was a very inefficient system. What if I don't want fish but the guy selling beef doesn't need shoes? Money just came to represent the goods and services people produce and a convenient means of trade. We decide through the free market how much value it has. If I give you five dollars for a pound of beef but someone wants it more and is willing to pay six dollars, he gets the meat. The price fluctuates with demand. 

When I use to work at a Hardware Store, City Mill, they had what they called "City Bucks". Just paper made to look like money with City Mill plastered on it. But it could have been anything. Marbles if they wanted. You earned it in various ways. Maybe you made a great sale or gave great customer service -- whatever. You could use those "City Bucks" to buy anything in the store. City Bucks were absolutely worthless once you stepped out of the store but it was real money in the store. You could buy anything you want. I bought a cordless drill with City Bucks. Those "Bucks" had worth because the store said it did. Purely arbitrary. They not only decided it's worth but how much it is worth.

They use to give gifts and stuff as rewards but often what they gave was not what the person wanted (like the barter system). So they decided to just give notes that represented the worth of stuff in the store and let you decide what you want.

I was not entirely correct in saying that these "City Bucks" were worthless outside the store. Once I accumulated so much, and there wasn't really anything I wanted in the store, but I could always buy stuff from the grocery store. So I sold, traded, my City Bucks to another employee who paid me in U.S. dollars and I bought a roasted chicken. Kind of like how we exchange our currency for foreign currency when we are going to the country.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on February 21, 2021, 03:27:44 AM
do we have anyone, other than me, in this thread, who does not own any crypto currency?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 21, 2021, 03:28:59 AM
Quote from: Bindare_Dundat on February 20, 2021, 11:56:11 PM
They aren't small corrections. The gains get destroyed dude. In a matter of minutes whatever it gained gets wiped out. It's getting ridiculous. Like games are being played, let the price climb s little   everyone gets excited and boom, down it goes.
Agaun and again below 2000.  Not sure how long thisncan go on before people say fick it and leave an masse

I made way better gains by selling and getting into bitcoin when I did.  All the money that's been pouring into eth and it csnt do anything by comparison.
LMAO! Ethereum was $749.41 on January 1st. It just recently tested $2,038 and will probably motor past that in the next few days.

Binance yesterday restricted Ethereum trading. They claimed it was because of congestion but this was not the case. They are trying to promote their Binance Smart Chain. There are also now rumors that they have been doing fake transactions on Binance Smart Chain to amplify their transactions artificially so it looks better in comparison to Ethereum. Ethereum does decentralized financing (DEFI). BSC is really centralized financing (CEFI). They copy pasted Ethereum's smart contracts design and have a few nodes that Binance controls. Asians have a knack for copying. They also like to play dirty.

Regardless all these tricks will not hold Ethereum's price back. Long term I am bullish on Ethereum, Cardano, Bitcoin and a few others.

And you are right games are being played. People want crypto prices to yoyo so they can buy dips lol!

You could be taking advantage of these drops with any crypto. Buy a dip, hold till it is up 10% or so, sell into a stable coin and then wait for another dip. Buy up more. You can increase your holdings over time. That is what many other traders are doing. Why do you think the prices of cryptos go up and down? So the crypto bag holders can stuff their bags with more and more crypto. Eventually there will be a bigger correction and there will be an even better opportunity to stuff your bags with cryptos. After a few market cycles over a few years the corrections will get smaller and smaller as more and more people enter the crypto space.

Just be careful with trading like this. You could always end up with less crypto then you started with. Nobody knows what the markets and prices will do.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 21, 2021, 03:32:01 AM
To people like Anabolic saying cryptos will be banned:

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 21, 2021, 03:34:27 AM
Quote from: Bindare_Dundat on February 20, 2021, 11:49:51 PM
Eth sucks. Its dead in the water. I noticed this for the last week and you said I was being funny for saying it looks like it's losing steam.  Lol

There's something going with ethereum and it aint good. Keeps getting kicked in the balls. Thats why I sold most of mine when I did. No regrets so far.

BTC leads. ETH lags behind.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 21, 2021, 03:46:48 AM
Quote from: Mayday on February 21, 2021, 03:34:27 AM
BTC leads. ETH lags behind.
Like clockwork. The people making gains in BTC then use those gains to stuff their bags with more ETH.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 21, 2021, 03:58:06 AM
Quote from: FitnessFrenzy on February 21, 2021, 03:27:44 AM
do we have anyone, other than me, in this thread, who does not own any crypto currency?
There are around 46.8 million millionaires in the world and less than 21 million BTC. If you were to distribute it evenly each of those millionaires would have less than 0.44 BTC.

That's the scarcity effect! I will convert some of my crypto to get at least 1 or 2 BTC later in the year - I could do it now but want to see bigger gains.

I expect some of Bitcoins gains to bleed into alts and more gains can be made this bull run in smaller market cap alts. You have to pick the right ones though. Cardano (ADA) is one of them I think. But in the end for sure you should have some Bitcoin in your portfolio. GIB is right about that.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 21, 2021, 04:05:07 AM
Quote from: obsidian on February 21, 2021, 03:28:59 AM
LMAO! Ethereum was $749.41 on January 1st. It just recently tested $2,038 and will probably motor past that in the next few days.

Binance yesterday restricted Ethereum trading. They claimed it was because of congestion but this was not the case. They are trying to promote their Binance Smart Chain. There are also now rumors that they have been doing fake transactions on Binance Smart Chain to amplify their transactions artificially so it looks better in comparison to Ethereum. Ethereum does decentralized financing (DEFI). BSC is really centralized financing (CEFI). They copy pasted Ethereum's smart contracts design and have a few nodes that Binance controls. Asians have a knack for copying. They also like to play dirty.

Regardless all these tricks will not hold Ethereum's price back. Long term I am bullish on Ethereum, Cardano, Bitcoin and a few others.

And you are right games are being played. People want crypto prices to yoyo so they can buy dips lol!

You could be taking advantage of these drops with any crypto. Buy a dip, hold till it is up 10% or so, sell into a stable coin and then wait for another dip. Buy up more. You can increase your holdings over time. That is what many other traders are doing. Why do you think the prices of cryptos go up and down? So the crypto bag holders can stuff their bags with more and more crypto. Eventually there will be a bigger correction and there will be an even better opportunity to stuff your bags with cryptos. After a few market cycles over a few years the corrections will get smaller and smaller as more and more people enter the crypto space.

Just be careful with trading like this. You could always end up with less crypto then you started with. Nobody knows what the markets and prices will do.

Good luck. Hope it works out for you.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on February 21, 2021, 04:16:40 AM
Quote from: obsidian on February 21, 2021, 03:58:06 AM
There are around 46.8 million millionaires in the world and less than 21 million BTC. If you were to distribute it evenly each of those millionaires would have less than 0.44 BTC.

That's the scarcity effect! I will convert some of my crypto to get at least 1 or 2 BTC later in the year - I could do it now but want to see bigger gains.

I expect some of Bitcoins gains to bleed into alts and more gains can be made this bull run in smaller market cap alts. You have to pick the right ones though. Cardano (ADA) is one of them I think. But in the end for sure you should have some Bitcoin in your portfolio. GIB is right about that.

I thought about this. I picked up eth and ltc very cheap years ago. End of the year ill be putting majority into blockfi interest account and perhaps 5-10 btc in a celsius interest account. Atm certain coins are paying out 6-8%.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 21, 2021, 04:17:11 AM
Quote from: Bindare_Dundat on February 21, 2021, 04:05:07 AM
Good luck. Hope it works out for you.
Thanks I appreciate it! You need laser focus with cryptos - and luck! Be greedy when others are fearful and fearful when others are greedy!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 21, 2021, 04:20:47 AM
Quote from: Theoak* on February 21, 2021, 04:16:40 AM
I thought about this. I picked up eth and ltc very cheap years ago. End of the year ill be putting majority into blockfi interest account and perhaps 5-10 btc in a celsius interest account. Atm certain coins are paying out 6-8%.
That's great when there is no bull run. At the end of this bull run I'll be looking at staking / hodling ADA and ETH, hodling BTC and a blockfi interest account. I will have a few smaller alts also in the mix. IOTA for example still has promise.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on February 21, 2021, 04:30:21 AM
Quote from: obsidian on February 21, 2021, 04:20:47 AM
That's great when there is no bull run. At the end of this bull run I'll be looking at staking / hodling ADA and ETH, hodling BTC and a blockfi interest account. I will have a few smaller alts also in the mix. IOTA for example still has promise.

Bull or no bull makes no difference to me. Im waiting end of the year for these companies to mature thats why ill allocate a small portion of btc and majority of my shitcoins. Im of the theory of maydays price models(minus government banning) and have been since s2f.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 21, 2021, 05:31:38 AM
Quote from: obsidian on February 21, 2021, 04:17:11 AM
Thanks I appreciate it! You need laser focus with cryptos - and luck! Be greedy when others are fearful and fearful when others are greedy!

When you.memtioned manipulation earlier,  were you referring to."spoofing"?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 21, 2021, 03:15:14 PM
Quote from: Bindare_Dundat on February 21, 2021, 05:31:38 AM
When you.memtioned manipulation earlier,  were you referring to."spoofing"?

Yes, he was. And it would not surprise me at all if this was occurring and being done by them.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 21, 2021, 07:15:01 PM
Quote from: gib on February 21, 2021, 03:15:14 PM
Yes, he was. And it would not surprise me at all if this was occurring and being done by them.

Yeah, has to be. Its getting ridiculous
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 21, 2021, 09:04:22 PM
Quote from: Theoak* on February 21, 2021, 04:30:21 AM
Bull or no bull makes no difference to me. Im waiting end of the year for these companies to mature thats why ill allocate a small portion of btc and majority of my shitcoins. Im of the theory of maydays price models(minus government banning) and have been since s2f.

I am at time lazy with my words which leaves out context. I will try and add context now.

Let me also play a bit of devil’s advocate and ask the question, why would this bull market only last 12 months?

Models are generally right until they are wrong. The more accurate a model, generally speaking the more mature the market and greater the depth (time) and quality (data points) it has. New models in non-stablished markets do not yet have the depth or quality and therefore have a greater chance of breaking. I replied to one of Raoul’s tweets with the above and he liked it (I am famous now lol) so I’m not talking out my ass here.

Specifically in this case I refer to diminished returns. In a maturing market you will see diminished returns. In a market that is in it’s infancy the returns are generally all over the place. I am of the opinion BTC is in it’s infancy and has not yet established a market (due to lack of institutional money). Only once institutions are in by a good portion do we establish a market base of which to measure after.

In support of my comments above are the fact that popular quants have revised their original models up in price point a number of times already in a short period. Even after that they are talking about numbers higher than their newly revised models.

We are at base level today. Let’s say this hits 100k then 200k using only 2% of the financial institutions wallets. Why would it stop there? Because previous models say a bull market ran for only 12 months therefore this one must only run for 12 months? I’m not convinced.

The models just got revised 3 times because the behaviour of buyers, the type of new participants and crypto leaving the exchanges is different to all previous bull market models.

I believe that once big money comes in it will continue to come in until something forces It to stop. I don’t think the previous market forces that ended prior bullmarkets will end this one because the behaviour isn’t the same.

I think the inflows will keep coming and The models will be blown up as price flies higher and higher. I think we will see capital drains from other financial markets, markets that central banks spent trillions in QE to prevent collapse. We should see front running of the following halving because a 500k price is fuck all compared to a 2.5M price target 4yrs later. 500% returns in 4yrs for the bank, hell yes they’d be in!


It’s therefore plausible we see capital flight resulting in a knee jerk reaction by central banks, regulators and govts to prevent damage. Black swan events. Exchanges go down? Exchanges get hacked? Things that create fear and risk to Stop the outflows from other assets into crypto. Not to kill it,  just slow it down.

I am suggesting the ‘risk’ of playing with crypto is what becomes key in this market rather than merely looking at formulated cycles. Perhaps we get to 135k and then a sudden risk event reads it’s head and scares the shit out of everyone? Next thing price dumps, stabilises and then rockets again.... perhaps we see a 1.5-2yr bull market consisting of 2 market peaks with a ‘risk event’ in between?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 21, 2021, 10:22:37 PM
 ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 22, 2021, 04:05:57 AM
Sell, sell, sell!!!! Lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on February 22, 2021, 05:06:12 AM
Quote from: Bindare_Dundat on February 22, 2021, 04:05:57 AM
Sell, sell, sell!!!! Lol

Dumb money probably is selling right now.  Retail investors.  Buying high, selling low.  Liquidating their .00000002435% of a Bitcoin right now.

I'm loading up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on February 22, 2021, 05:31:10 AM
This thread is absolutely frothy with irrational exuberance.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 22, 2021, 05:37:59 AM
Quote from: SOMEPARTS on February 22, 2021, 05:31:10 AM
This thread is absolutely frothy with irrational exuberance.

I'm starting to get the feeling that you carry around a trombone everytime you have something to say as a punctuation tool.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on February 22, 2021, 05:57:29 AM
Quote from: Bindare_Dundat on February 22, 2021, 05:37:59 AM
I'm starting to get the feeling that you carry around a trombone everytime you have something to say as a punctuation tool.



Elon Musk posted one tweet and BTC dropped 6k. Seems legit.  :D

Maybe Musk is in this space because he can do something the SEC can't call him out on.

Also, I like my "stores of value" NOT subject to one tweet.

(https://media.tenor.com/images/28756c8923b65c0ee466f02daf946d0e/tenor.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on February 22, 2021, 06:16:25 AM
Market as a whole looks shaky. Apple has a classic head and shoulders top going.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on February 22, 2021, 06:43:03 AM
Quote from: Thin Lizzy on February 22, 2021, 06:16:25 AM
Market as a whole looks shaky. Apple has a classic head and shoulders top going.


Wind pulling back from the sails. Everything is directly tied to continued trillion dollar stimulus if it is to stay the same. That includes crypto.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 22, 2021, 06:58:27 AM
Already leveling off and heading up. It'll probably be choppy heading into end of Feb. Bitcoin futures this month.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on February 22, 2021, 07:27:24 AM
Quote from: Bindare_Dundat on February 22, 2021, 06:58:27 AM
Already leveling off and heading up. It'll probably be choppy heading into end of Feb. Bitcoin futures this month.


Choppy is what you call it when a guy like Musk is on the other side of the trade. Never marry a trade.

Musk knows some of you HODL guys are in for life. This is the equivalent of the seeing all the overweight shorts on Gamestop. Easy pickings if you can move the market with one blurb.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on February 22, 2021, 07:37:45 AM
Quote from: Bindare_Dundat on February 22, 2021, 05:37:59 AM
I'm starting to get the feeling that you carry around a trombone everytime you have something to say as a punctuation tool.

(https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQQJTApMc-C2u9PTg6KPTwA0MsCKk_PJmTU2Q&usqp=CAU)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on February 22, 2021, 07:44:18 AM
Quote from: polychronopolous on February 22, 2021, 07:37:45 AM
(https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQQJTApMc-C2u9PTg6KPTwA0MsCKk_PJmTU2Q&usqp=CAU)


Hey, if I'm wrong I'm wrong.

 ;)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on February 22, 2021, 08:02:03 AM
Quote from: SOMEPARTS on February 22, 2021, 07:44:18 AM

Hey, if I'm wrong I'm wrong.

 ;)

I personally take zero enjoyment in seeing you be wrong.

The adoption is right there before your very eyes and it is being bought up by some really big hitters. It's worth a percent or 2 of your portfolio imo.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on February 22, 2021, 09:06:18 AM
Stage 3 of Grief - Bargaining.

"If I were to ACTUALLY buy some Bitcoin"

The tide is starting to turn my friends.

(https://i.redd.it/14yrvvc9ryi61.png)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on February 22, 2021, 09:09:08 AM
Quote from: polychronopolous on February 22, 2021, 09:06:18 AM
Stage 3 of Grief - Bargaining.

"If I were to ACTUALLY buy some Bitcoin"

The tide is starting to turn my friends.

(https://i.redd.it/14yrvvc9ryi61.png)

Schiff has a way of snatching defeat from the jaws of victory. He predicts the financial crisis but invests in European and Asian stocks which went down even more than US stocks. Then he moves his operations to Puerto Rico right before the big hurricane there.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on February 22, 2021, 09:22:37 AM
Quote from: polychronopolous on February 22, 2021, 09:06:18 AM
Stage 3 of Grief - Bargaining.

"If I were to ACTUALLY buy some Bitcoin"

The tide is starting to turn my friends.

(https://i.redd.it/14yrvvc9ryi61.png)
Schiff is right.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on February 22, 2021, 09:40:05 AM
Quote from: Humble Narcissist on February 22, 2021, 09:22:37 AM
Schiff is right.

Dan Held as "held onto" and written about Bitcoin since around 2012.

I would argue he is about 10,000 times more knowledge about the subject than Peter Schiff.

Dan is being coy but he knows the answer to his question. Long time holders will sell bits of it when the price has appreciated a helluva lot more than it has now or they may never sell and pass it along to their kids.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on February 22, 2021, 09:42:41 AM
Quote from: polychronopolous on February 22, 2021, 09:40:05 AM
Dan Held as "held onto" and written about Bitcoin since around 2012.

I would argue he is about 10,000 times more knowledge about the subject than Peter Schiff.

Dan is being coy but he knows the answer to his question. Long time holders will sell bits of it when the price has appreciated a helluva lot more than it has now or they may never sell and pass it along to their kids.
I'd be pissed if my parents left me Bitcoin as inheritance.  They might as well pass down a glass of tap water to you.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on February 22, 2021, 09:53:24 AM
What's crazy is do we know the net worth of the big holders now?  the Winkelvoss twins were already worth billions when bitcoin was at $5k.  They may actually be the richest people on earth if they can somehow sell.  Problem is once they try to unload the value is going to tank.  So this is a sllllloooooowwww burn game.  Sell a bit at a time to not shake the market up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on February 22, 2021, 10:01:10 AM
Quote from: El Diablo Blanco on February 22, 2021, 09:53:24 AM
What's crazy is do we know the net worth of the big holders now?  the Winkelvoss twins were already worth billions when bitcoin was at $5k.  They may actually be the richest people on earth if they can somehow sell.  Problem is once they try to unload the value is going to tank.  So this is a sllllloooooowwww burn game.  Sell a bit at a time to not shake the market up.

(https://i.pinimg.com/originals/0d/c3/bf/0dc3bf67c16b6ef49b6359c775203433.jpg)

(https://www.geckoandfly.com/wp-content/uploads/2017/05/charlie-munger-quotes-02.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 22, 2021, 11:35:58 AM
Quote from: Humble Narcissist on February 22, 2021, 09:22:37 AM
Schiff is right.

Not really.

The idea of holding is to take out debt against BTC and avoiding paying taxes.

Assume today at a 1T market you have 1M in BTC. Assume BTC will hit 100T in 10yrs which give you 100M in BTC. Borrow 100k/yr, add some 5% interest and some CPI each year and you end up with something like 10M debt and 90M capital never having paid taxes.

It’s a pretty compelling argument when a worker is faced paying 50% income tax vs an alternative saying hey, you pay me 5% a year instead of 50% and keep your asset which will double in value each year.

Today you can put up your BTC as collateral and borrow against it. Put your BTC in escrow, I believe it’s 9% interest per year and you can borrow 35% of it’s value.


Can average Joe do that with physical gold?



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 22, 2021, 11:45:02 AM
Its hilarious, we dropped to a price that people were masterbating over just recently and the haters rejoice and thr newbies panic. The rest, buy. Lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 22, 2021, 12:50:33 PM
Quote from: Bindare_Dundat on February 22, 2021, 11:45:02 AM
Its hilarious, we dropped to a price that people were masterbating over just recently and the haters rejoice and thr newbies panic. The rest, buy. Lol

58k down to 46.7k in a day is pretty brutal to be fair. A huge number just got wrecked.

Saylor had 800M in tether created the other day. The long massive wick on today’s pullback is him crashing the market and buying it back up.

If January Tesla play done by Saylor is anything to go buy, the 2nd day of market manipulation drove a lower price than the first day. I’m placing buy orders to hopefully snap something up cheap in the wick
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on February 22, 2021, 01:30:39 PM
Quote from: Mayday on February 22, 2021, 11:35:58 AM
Not really.

The idea of holding is to take out debt against BTC and avoiding paying taxes.

Assume today at a 1T market you have 1M in BTC. Assume BTC will hit 100T in 10yrs which give you 100M in BTC. Borrow 100k/yr, add some 5% interest and some CPI each year and you end up with something like 10M debt and 90M capital never having paid taxes.

It’s a pretty compelling argument when a worker is faced paying 50% income tax vs an alternative saying hey, you pay me 5% a year instead of 50% and keep your asset which will double in value each year.

Today you can put up your BTC as collateral and borrow against it. Put your BTC in escrow, I believe it’s 9% interest per year and you can borrow 35% of it’s value.


Can average Joe do that with physical gold?

That's pretty much exactly what Saylor mentioned to Ben Askren when asked when would be a good time to sell.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 22, 2021, 01:48:35 PM
Quote from: Mayday on February 22, 2021, 11:35:58 AM
Not really.

The idea of holding is to take out debt against BTC and avoiding paying taxes.

Assume today at a 1T market you have 1M in BTC. Assume BTC will hit 100T in 10yrs which give you 100M in BTC. Borrow 100k/yr, add some 5% interest and some CPI each year and you end up with something like 10M debt and 90M capital never having paid taxes.

It’s a pretty compelling argument when a worker is faced paying 50% income tax vs an alternative saying hey, you pay me 5% a year instead of 50% and keep your asset which will double in value each year.

Today you can put up your BTC as collateral and borrow against it. Put your BTC in escrow, I believe it’s 9% interest per year and you can borrow 35% of it’s value.


Can average Joe do that with physical gold?
So are you then basically paying the debt off with the interest? The BTC amount in escrow stays the same but the interest is paid into a fiat checking account?

Also, what's in it for the company paying out interest? If you put your BTC in escrow are they investing those funds that the BTC represents? Why would they pay out 9% interest? They must be making money somehow...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 22, 2021, 01:50:10 PM
Quote from: polychronopolous on February 22, 2021, 01:30:39 PM
That's pretty much exactly what Saylor mentioned to Ben Askren when asked when would be a good time to sell.
Yes I saw that recently:

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 22, 2021, 01:55:43 PM
Quote from: El Diablo Blanco on February 22, 2021, 09:53:24 AM
What's crazy is do we know the net worth of the big holders now?  the Winkelvoss twins were already worth billions when bitcoin was at $5k.  They may actually be the richest people on earth if they can somehow sell.  Problem is once they try to unload the value is going to tank.  So this is a sllllloooooowwww burn game.  Sell a bit at a time to not shake the market up.
No they are not the richest. They are worth about $3.5 billion. If BTC 20x from here to $1 million they would be worth $70 billion. Musk and Bezos are worth around $160 billion right now. And the Rothschilds and the other "families" are worth trillions - but Forbes won't mention this.

https://decrypt.co/57041/winklevoss-twins-bitcoin-fortune-billion-elon-musk

Also this is interesting:

https://bitcointreasuries.org/

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 22, 2021, 01:58:15 PM
Quote from: polychronopolous on February 22, 2021, 09:06:18 AM
Stage 3 of Grief - Bargaining.

"If I were to ACTUALLY buy some Bitcoin"

The tide is starting to turn my friends.

(https://i.redd.it/14yrvvc9ryi61.png)
Lol yes when Schiff buys in you sell lmao!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on February 22, 2021, 04:10:43 PM
Quote from: Mayday on February 22, 2021, 12:50:33 PM
58k down to 46.7k in a day is pretty brutal to be fair. A huge number just got wrecked.

Saylor had 800M in tether created the other day. The long massive wick on today’s pullback is him crashing the market and buying it back up.

If January Tesla play done by Saylor is anything to go buy, the 2nd day of market manipulation drove a lower price than the first day. I’m placing buy orders to hopefully snap something up cheap in the wick

Yep, just  put another 10.5k into btc when I saw the spike down..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 22, 2021, 04:30:08 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 22, 2021, 04:31:33 PM
Ivan not worried. Corrections are healthy. He is also expecting an incoming Ethereum pump.

You have to respect the daaamp and the paaamp!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 22, 2021, 04:34:49 PM
Quote from: Theoak* on February 22, 2021, 04:10:43 PM
Yep, just  put another 10.5k into btc when I saw the spike down..
Cool. Did you do this with fiat from a bank account or you happened to have the funds in stable coins? I told myself to sell some ETH for stable coins when it hit $2k but was too lazy to move and don't want to complicate my taxes too much. Next time it pumps to 2.5k or 3k I might. You have to decide if it is worth the tax hassles. I am still getting a steady influx of ETH on a weekly basis via mining. I am getting ETH for under $300 because I am basically trading an electrical bill for ETH.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 22, 2021, 04:36:53 PM
Read the comments. Hilarious!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 22, 2021, 04:45:46 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on February 22, 2021, 06:57:20 PM
Quote from: obsidian on February 22, 2021, 01:48:35 PM
So are you then basically paying the debt off with the interest? The BTC amount in escrow stays the same but the interest is paid into a fiat checking account?

Also, what's in it for the company paying out interest? If you put your BTC in escrow are they investing those funds that the BTC represents? Why would they pay out 9% interest? They must be making money somehow...

BlockFi allows you to take out a loan on their platform, as do a few others.

I threw some numbers in there for a 50k loan

Collateral amount 2.84BTC(current BTC price of 51,149)
Monthly payment - $335.75
Loan to Value - 35%
Interest rate - 7.9%

Here is a good listen with the founder of BlockFi where he explains the services his platform provides.



Here is another couple links to their website where they discuss the process

https://blockfi.com/resource-center#items2

https://blockfi.com/how-to-payoff-or-refinance-your-crypto-loan
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 22, 2021, 07:46:43 PM
BlockFi is pretty amazing, if legit. Lots of rumors about how they are taking risks behind the scenes. I am not sure where they are legally based nor how well regulated or transparent they are. But yes, their basic operating model is legit. What I would say is that margins of businesses such as theirs will come down massively as similar companies and smart contracts enabling DeFi ramp up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 22, 2021, 07:49:02 PM
Quote from: Europe on November 03, 2015, 02:39:59 PM
Didn't some getbiggers bought Bitcoins? They should cash in while it's still hot now!


Bitcoin spikes 70% in a month; nobody knows why
http://www.cnbc.com/2015/11/03/bitcoins-price-jumps-more-than-70-in-one-month.html


Bitcoin to be 6th largest reserve currency by 2030:
http://www.cnbc.com/2015/11/03/bitcoin-to-be-6th-largest-reserve-currency-by-2030-research.html

We have "cashed in" our fake money fiat cash (which we know ALWAYS devalues over time) which is why we now HODL our BTC (which we know, despite volatility), ALWAYS increases over time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 22, 2021, 08:14:21 PM
Quote from: Humble Narcissist on February 22, 2021, 09:42:41 AM
I'd be pissed if my parents left me Bitcoin as inheritance.  They might as well pass down a glass of tap water to you.

Leaving BTC for your kids is provably one of the best things a parent could leave. If you have kids or loved ones, I think it would be essential to leave them Bitcoin. Not only because of the huge increases in value over time, but also for the immediate access and transferability anywhere globally, immediate divisibility, avoiding the hassle of estate wind-up, taxes, etc.

What is vital though is that create a mechanism to give each intended recipient a safe way to access and retrieve the coins.

You could also set up a smart contract structure that vests the coins on a certain date, or drip-feeds value over time.

Imagine immediately becoming a wholecoiner or even a quartercoiner overnight. You would be set up for life in the future. A wonderful way to pass on generational value.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 22, 2021, 08:48:14 PM
Quote from: obsidian on February 22, 2021, 01:48:35 PM
So are you then basically paying the debt off with the interest? The BTC amount in escrow stays the same but the interest is paid into a fiat checking account?

Also, what's in it for the company paying out interest? If you put your BTC in escrow are they investing those funds that the BTC represents? Why would they pay out 9% interest? They must be making money somehow...

Your BTC goes into escrow. You take out a loan that covers living costs plus the loan repayments. You make repayments from the loan money.

While in escrow the BTC appreciates in value, just like if you mortgage your house it still appreciates in value.

The thinking is BTC appreciates at a rate faster than you accumulate debt and interest. Therefore let’s say you take a 5yr loan, at the end of the first year you have the BTC revalued and take out a new loan against the new valuation. Rinse and repeat.

It’s the same idea as mortgaging a house except the rate of future value increases massively outstrips your debt accumulation allowing you to constantly close and open new loans based on higher asset valuations.

9% interest is 4 times higher than a bank loan so it’s a great return for the lenders. In a nutshell the lenders are institutions with shares and large capital which they use as security to acquire loans at 0.25% which they lend to you at 9%. They make a killing!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 22, 2021, 08:56:00 PM
Quote from: Mayday on February 22, 2021, 08:48:14 PM
Your BTC goes into escrow. You take out a loan that covers living costs plus the loan repayments. You make repayments from the loan money.

While in escrow the BTC appreciates in value, just like if you mortgage your house it still appreciates in value.

The thinking is BTC appreciates at a rate faster than you accumulate debt and interest. Therefore let’s say you take a 5yr loan, at the end of the first year you have the BTC revalued and take out a new loan against the new valuation. Rinse and repeat.

It’s the same idea as mortgaging a house except the rate of future value increases massively outstrips your debt accumulation allowing you to constantly close and open new loans based on higher asset valuations.

9% interest is 4 times higher than a bank loan so it’s a great return for the lenders. In a nutshell the lenders are institutions with shares and large capital which they use as security to acquire loans at 0.25% which they lend to you at 9%. They make a killing!

Yep - your counterparty risk though if your give money to BlockFi is  that they are not legit, overleveraged, etc and you lose your underlying coin. But in theory their model works, and the business is a good one. (Those counterparty risks will be solved with smart contracts over time).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 22, 2021, 09:26:49 PM
Brutal attack on BtC right now. Just watched it rip down 2k in about 45 seconds lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 22, 2021, 10:03:08 PM
Quote from: Mayday on February 22, 2021, 09:26:49 PM
Brutal attack on BtC right now. Just watched it rip down 2k in about 45 seconds lol.

Yep and some of the alts being brutally raped hard.

I am around USD $350K down over 24 hours. Not feeling concerned at all. 

For anyone worried, especially newbies, I would suggest chilling and zooming out. Long term trend is well intact and will be for years. 2025 halvening event will be before us before we know it...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 22, 2021, 10:59:09 PM
Quote from: gib on February 22, 2021, 10:03:08 PM
Yep and some of the alts being brutally raped hard.

I am around USD $350K down over 24 hours. Not feeling concerned at all. 

For anyone worried, especially newbies, I would suggest chilling and zooming out. Long term trend is well intact and will be for years. 2025 halvening event will be before us before we know it...

I’d be a lot happier if ETH didn’t look like it caught Aids!

We have a near complete unwinding of the ETHBTC ratio back to 0.032. If the ETHBtC chart means anything the bottom is 0.029 which is where it tapped last time before a strong rally.

It’ll be fine but given I just got a 61k estimate to fix my car motor seeing ETH adds a nice solid kick to the nuts for the day.


Depending on how ugh the price goes this year we may see future halvings play a vastly diminished role.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 23, 2021, 12:24:40 AM
Quote from: Mayday on February 22, 2021, 10:59:09 PM
I’d be a lot happier if ETH didn’t look like it caught Aids!

We have a near complete unwinding of the ETHBTC ratio back to 0.032. If the ETHBtC chart means anything the bottom is 0.029 which is where it tapped last time before a strong rally.

It’ll be fine but given I just got a 61k estimate to fix my car motor seeing ETH adds a nice solid kick to the nuts for the day.


Depending on how ugh the price goes this year we may see future halvings play a vastly diminished role.

Blood in the water now. All coins  getting destroyed. Therses probably more mass panic selling today.  Wonder if people are still putting lasers in their eyes after this kick in that balls to the price?

Im still holding bitcoin  but don't think this one is stopping anytime soon. Probably headong below yesterday's lowest wick. everyone is going to run stories of how shit cryto is and you'll.lose all your money, etc...

What is wrong with yoir car for a bill that high?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 23, 2021, 01:25:27 AM
I have price targets as 44.9k then 41.2k.

Jan price assault saw day 2 as brutal then the lowest days coming in at 12-13 then 18-19.

Motor is fucked and that particular car isn’t a cheap one.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 23, 2021, 01:48:12 AM
Quote from: Bindare_Dundat on February 23, 2021, 12:24:40 AM
Blood in the water now. All coins  getting destroyed. Therses probably more mass panic selling today.  Wonder if people are still putting lasers in their eyes after this kick in that balls to the price?

Im still holding bitcoin  but don't think this one is stopping anytime soon. Probably headong below yesterday's lowest wick. everyone is going to run stories of how shit cryto is and you'll.lose all your money, etc...

What is wrong with yoir car for a bill that high?
It's ok don't panic. Worse than can happen is you can lose your entire investment lol! Only invest what you are willing to lose.

Best thing that can happen is you can make great money. Crypto is a different beast. The price drops will fuck with you and if you sell on the way down someone else will snap it up and then before you wipe your eyes out the price shot up past the point you sold and now you end up with less crypto. Safest time to sell is when everything has been going up like a rocket and you want to take a little profit to spend.

I've been watching Ethereum on Binance and Coinbase. The price went below $1,400 and now it has shot back up to over $1,500. It might yoyo a few times.

Realize these are growing pains for the crypto market. Let some people take profits now. They might be the ones ending up with less crypto when all is said and done.

If you have a car to fix then yes sell and use the money.

All those saying the gas fees will kill Ethereum. Well people might just decide Ethereum is a store of value so Cardano, Polkadot and Binance can do smart contracts. Perhaps Ethereum goes the way of Bitcoin and is just a store of value.

Ethereum not having a finite supply might help it in the long run - whether it is proof of stake or proof of work. Because those staking or mining would have an incentive as new ETH is slowly minted - and thereby securing the network. With Bitcoin why would miners keep securing the network if they are not getting any BTC payments as reward once all BTC has been mined? Some say they would be paid in fees. From where would this money coming from? The fees would have to be high enough to keep enough miners in the game to provide great security.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 23, 2021, 01:52:21 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 23, 2021, 01:59:48 AM
Quote from: obsidian on February 23, 2021, 01:48:12 AM
It's ok don't panic. Worse than can happen is you can lose your entire investment lol! Only invest what you are willing to lose.

Best thing that can happen is you can make great money. Crypto is a different beast. The price drops will fuck with you and if you sell on the way down someone else will snap it up and then before you wipe your eyes out the price shot up past the point you sold and now you end up with less crypto. Safest time to sell is when everything has been going up like a rocket and you want to take a little profit to spend.

I've been watching Ethereum on Binance and Coinbase. The price went below $1,400 and now it has shot back up to over $1,500. It might yoyo a few times.

Realize these are growing pains for the crypto market. Let some people take profits now. They might be the ones ending up with less crypto when all is said and done.

If you have a car to fix then yes sell and use the money.

All those saying the gas fees will kill Ethereum. Well people might just decide Ethereum is a store of value so Cardano, Polkadot and Binance can do smart contracts. Perhaps Ethereum goes the way of Bitcoin and is just a store of value.

Ethereum not having a finite supply might help it in the long run - whether it is proof of stake or proof of work. Because those staking or mining would have an incentive as new ETH is slowly minted - and thereby securing the network. With Bitcoin why would miners keep securing the network if they are not getting any BTC payments as reward once all BTC has been mined? Some say they would be paid in fees. From where would this money coming from? The fees would have to be high enough to keep enough miners in the game to provide great security.



You guys laughed at me when I said ethereum was sucking and look at it now. You could have saved yourself.from this dump instead of riding it all the way back down.

I like crypto, I like Bitcoin but sometimes you have to put all the hype videos down and.look at the charts. The volume was dropping, the RSI was showing waining momentum.and boom,  this is the result.

It doesn't help that Twitter addict Musk cant stop tweeting retarded shit. Honestly,think he does more harm than good with his posts.

Id love to see things explode upwards but I dont have a problem cashing out instead of blindly grabbing more and more while its tanking in this environment.

Things will probably rebound but people need to stop and breath once and while instead of listening to guys like bitboy who are obviously gambling degenerates.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on February 23, 2021, 02:11:34 AM
Quote from: gib on February 22, 2021, 08:14:21 PM
Leaving BTC for your kids is provably one of the best things a parent could leave. If you have kids or loved ones, I think it would be essential to leave them Bitcoin. Not only because of the huge increases in value over time, but also for the immediate access and transferability anywhere globally, immediate divisibility, avoiding the hassle of estate wind-up, taxes, etc.

What is vital though is that create a mechanism to give each intended recipient a safe way to access and retrieve the coins.

You could also set up a smart contract structure that vests the coins on a certain date, or drip-feeds value over time.

Imagine immediately becoming a wholecoiner or even a quartercoiner overnight. You would be set up for life in the future. A wonderful way to pass on generational value.
Again, it has no real value.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 23, 2021, 02:16:33 AM
Dude, a few of us here don’t exit due to tax implications.

We still piss and moan because it gives us something to do but the reality is it doesn’t matter until exit time.

ETH doesn’t suck. You do realise the heavy hitters are 20%-35% ETH allocation yeah? What the big boys do is all that matters.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 23, 2021, 02:19:02 AM
Quote from: Bindare_Dundat on February 23, 2021, 01:59:48 AM
You guys laughed at me when I said ethereum was sucking and look at it now. You could have saved yourself.from this dump instead of riding it all the way back down.

I like crypto, I like Bitcoin but sometimes you have to put all the hype videos down and.look at the charts. The volume was dropping, the RSI was showing waining momentum.and boom,  this is the result.

It doesn't help that Twitter addict Musk cant stop tweeting retarded shit. Honestly,think he does more harm than good with his posts.

Id love to see things explode upwards but I dont have a problem cashing out instead of blindly grabbing more and more while its tanking in this environment.

Things will probably rebound but people need to stop and breath once and while instead of listening to guys like bitboy who are obviously gambling degenerates.
LOL take a deep breath. We have "been there done that"!  ;D It's kind of cute to see your frustration!

Musk tweeted last year that Tesla stock was overpriced and boom it shoots to the moon. He probably wanted the BTC and ETH prices to drop so he could buy the dip. That's why he responded to Peter Schiff's tweet saying BTC and ETH is kinda high lol! The SEC can also not fault him because he is not hyping up the price. He is saying hey cool it down it is too expensive.

ETH is doing what it has always done. Go look at the 2017 charts. Bitcoin dropped close to $11,000 from it's highs. Watch the video I just posted. The guy makes a lot of sense. Cryptos are going to pump because governments all over the world are printing money left and right. For all we know Ethereum might very well pump to 10k and beyond this bull run.

The fiat money is losing value. What are people going to do with it? Get a scarce asset or buy more TVs? We all have enough TVs right now. You can't save the fiat because the banks don't offer good interest rates and you know it is just losing value as it sits in a bank account.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 23, 2021, 02:21:35 AM
Quote from: Humble Narcissist on February 23, 2021, 02:11:34 AM
Again, it has no real value.
Why not?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 23, 2021, 02:27:52 AM
Quote from: obsidian on February 23, 2021, 02:19:02 AM
LOL take a deep breath. We have "been there done that"!  ;D It's kind of cute to see your frustration!

Musk tweeted last year that Tesla stock was overpriced and boom it shoots to the moon. He probably wanted the BTC and ETH prices to drop so he could buy the dip. That's why he responded to Peter Schiff's tweet saying BTC and ETH is kinda high lol! The SEC can also not fault him because he is not hyping up the price. He is saying hey cool it down it is too expensive.

ETH is doing what it has always done. Go look at the 2017 charts. Bitcoin dropped close to $11,000 from it's highs. Watch the video I just posted. The guy makes a lot of sense. Cryptos are going to pump because governments all over the world are printing money left and right. For all we know Ethereum might very well pump to 10k and beyond this bull run.

The fiat money is losing value. What are people going to do with it? Get a scarce asset or buy more TVs? We all have enough TVs right now. You can't save the fiat because the banks don't offer good interest rates and you know it is just losing value as it sits in a bank account.

Lol what frustration?  I sold 80% of my eth when it was alot higher than it is today. No regrets. I have plenty of time to buy back in if it goes to where you think it will.

Youre the one enjoying the current losses, not me. Why in the hell would I ride bitcoin down to 11 thousand? Makes zero sense.

Feel free.to gamble away. Ill stick to being more.conservative.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 23, 2021, 02:34:14 AM
Quote from: Bindare_Dundat on February 23, 2021, 02:27:52 AM
Lol what frustration?  I sold 80% of my eth when it was alot higher than it is today. No regrets. I have plenty of time to buy back in if it goes to where you think it will.

Youre the one enjoying the current losses, not me.

Feel free.to gamble away. Ill stick to being more.conservative.
Just remember your tax rate is higher if you do day trading and hold stocks or cryptos short term. But good for you if you sold some higher up. I probably will cash out some ETH (15-20) at some point before the end of the year but that money will exit the crypto market because I want to cover some initial expenses. Of course if the market takes a complete shit then I won't cash out.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 23, 2021, 02:41:49 AM
Then there is this lol!

https://www.coindesk.com/flash-crash-ether-traded-for-half-price-to-700-on-kraken-during-mondays-sell-off

Ether (ETH, -20.32%), the second biggest cryptocurrency by market capitalization, at one point traded near $700 on cryptocurrency exchange Kraken during Monday’s massive sell-off.

Amid the market melee that pummeled crypto assets across the board, ether’s prices went as low as $1,546.53, according to CoinDesk 20. However, that number was a staggeringly low $700 on Kraken.

In a one-minute time span, the ETH/USD pair on Kraken dropped to $700 at UTC 14:20 Monday from $1628,82 just approximately three minutes prior.

The breathtaking drop wasn’t relegated to ether. Trading of cardano (ADA, -10.93%) (ADA)  suffered a similar fate on Kraken, with the ADA/USD pair slumping to $0.156 at 14:23 UTC from $0.842 three minutes prior. During the same hour, the lowest price of cardano recorded on CoinDesk 20 was at $0.835.

“We saw the price of some digital assets such as ether and ada have a sharp downward movement this morning on multiple trading venues just after 14:00 UTC,” a spokesperson from Kraken told CoinDesk in response to the abnormally low prices of ether and ada on the exchange. “Kraken also saw a surge in sell orders around this time.”

“We’re communicating directly with clients and ask that anyone with questions about their account please open a ticket,” the spokesperson said, declining to comment further on the issue.

This is not the first time this type of “flash crash” occurred on Kraken, according to Trustnodes, which noted the problem on Kraken back in 2018. The report indicated that such incidents usually occur when a trader accidentally entered a wrong number during trading, a behavior nicknamed “fat finger error.”

Ether’s trading volume on Kraken logged more than $888 million on Monday alone, more than double that of Friday’s figure.

At press time, ether is trading at $1,749.94, down 8.92% in the past 24 hours, according to CoinDesk 20. On Kraken, it’s at $1777.02, down 8.19%.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 23, 2021, 02:48:27 AM
When every crypto channel has more scam responses then legit people in the comments  by a factor of 10, you know its time to sell. Lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 23, 2021, 03:27:10 AM
Quote from: Bindare_Dundat on February 23, 2021, 02:48:27 AM
When every crypto channel had more scam responses then legit people in the comments  by a factor of 10, you know its time to sell. Lol
They are just trying to scam people because the prices are high and they have something to gain. If the prices are low why bother.

In the past 30% corrections were common. We are not there yet though.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on February 23, 2021, 03:35:50 AM
Quote from: obsidian on February 22, 2021, 04:34:49 PM
Cool. Did you do this with fiat from a bank account or you happened to have the funds in stable coins? I told myself to sell some ETH for stable coins when it hit $2k but was too lazy to move and don't want to complicate my taxes too much. Next time it pumps to 2.5k or 3k I might. You have to decide if it is worth the tax hassles. I am still getting a steady influx of ETH on a weekly basis via mining. I am getting ETH for under $300 because I am basically trading an electrical bill for ETH.

I dont hold stable coins, purchased  large chunk of that at 48kusd and small buy order at 51k
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 23, 2021, 04:52:30 AM
Quote from: Bindare_Dundat on February 23, 2021, 01:59:48 AM
You guys laughed at me when I said ethereum was sucking and look at it now. You could have saved yourself.from this dump instead of riding it all the way back down.

I like crypto, I like Bitcoin but sometimes you have to put all the hype videos down and.look at the charts. The volume was dropping, the RSI was showing waining momentum.and boom,  this is the result.

It doesn't help that Twitter addict Musk cant stop tweeting retarded shit. Honestly,think he does more harm than good with his posts.

Id love to see things explode upwards but I dont have a problem cashing out instead of blindly grabbing more and more while its tanking in this environment.

Things will probably rebound but people need to stop and breath once and while instead of listening to guys like bitboy who are obviously gambling degenerates.

Everything is down from 12% to over 25%.

ETH is now at over $1550 with a market cap of $220 billion.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 23, 2021, 05:12:10 AM
https://cointelegraph.com/news/5-64-billion-liquidated-in-24-hours-as-bitcoin-extends-losses-is-a-relief-rally-near

$5.64 billion liquidated in 24 hours as Bitcoin extends losses — Is a relief rally near?

A staggering $5.64 billion worth of futures positions was liquidated in the last 24 hours as the price of Bitcoin dropped 17%.

What triggered the mass Bitcoin liquidation fest?

If the Bitcoin futures market is highly overleveraged and overcrowded, a minor price movement can trigger mass liquidations.

According to analysts at Santiment, a data analytics firm, an address was responsible for the second-largest Bitcoin transaction of the year, as Cointelegraph reported.

More than 2,700 BTC were transferred right before the drop, which were bigger than the 2,000 BTC inflow seen before the March 2020 crash when Bitcoin dropped below $4,000.

The analysts said:

"As we noted yesterday, there was an 11x exchange inflow spike that initiated Bitcoin's price correction from its $58.3k ATH. Further data combing revealed that an address was responsible for the 2nd largest $BTC transaction of the year, an import of 2,700 tokens to the wallet before a quick sell-off.

This same address also made a 2,000 $BTC import last March right as the Black Thursday correction took place. In total, it's made 73 transactions in its one-year existence, for a total of 91,935 $BTC imported, with all tokens moving away within minutes after arrival."
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 23, 2021, 05:58:50 AM
Quote from: Humble Narcissist on February 23, 2021, 02:11:34 AM
Again, it has no real value.

Good morning Humble Narcissist! You really might be beyond help, but I will not give up. To enable us to help you, can you explain why you think Bitcoin has "no real value"?

Let me help you along a little. Does a piece of paper with a number on it have "real value"? If so, why?

How about a naturally recurring yellow lump of metal, called gold? Real value"? If so, why?

How about your stocks or money in the bank, your rights to which are essentially represented by electronic blips. Real value"? If so, why?

*It is the duty of every Bitcoiner to help others understand. So we will be patient. Please let me help you on your journey to enlightenment.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on February 23, 2021, 06:28:46 AM
Fiat currencies are faith based. You have faith that the government isn’t going to collapse and that it will be efficient. Of course this never happens and that’s why they all eventually lose their value.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on February 23, 2021, 07:29:36 AM
Quote from: gib on February 23, 2021, 05:58:50 AM
Good morning Humble Narcissist! You really might be beyond help, but I will not give up. To enable us to help you, can you explain why you think Bitcoin has "no real value"?

Let me help you along a little. Does a piece of paper with a number on it have "real value"? If so, why?

How about a naturally recurring yellow lump of metal, called gold? Real value"? If so, why?

How about your stocks or money in the bank, your rights to which are essentially represented by electronic blips. Real value"? If so, why?

*It is the duty of every Bitcoiner to help others understand. So we will be patient. Please let me help you on your journey to enlightenment.
For the 10th time, fiat money is used to purchase goods and services.  The Federal Reserve prints it and it is accepted anywhere in the country.  You buy groceries, gas and pay bills with it.

Gold is a physical asset that can be traded for fiat currency.  Stocks, bonds and real estate are traded for fiat currency as well.  Fiat currency buys things.

Crypto currency is imaginary money.  When it first came out the purpose of it was to replace fiat currency online and allow people to use it to buy goods and services online just like they were using fiat currency.  People then decided to invest it as it's value grew because of popularity.  The thinking was that it was like investing in Forex.  As more people started using it the value would go up.

I mentioned before that I had a small amount at an online casino and used it to wager on sporting events.  The online casinos were really pushing it and you get take your winnings out almost immediately.  This sounded like a great idea until someone pointed out that if you wagered $100 worth of Bitcoin and lost you lost a lot more than $100.  In two weeks if Bitcoin doubled in value you would have actually lost $200 instead of $100.  Over the next year your $100 loss could turn into thousands of dollars.

 You would be much better off never spending it and just letting the value grow.  The problem is that everyone thinks this way and it is not getting spent to buy real materials online.  If everyone is just investing it to make money when it goes up in value, what is it's value?  The only value is the perceived value from other people who want to purchase it.  It is a new age tech version of a Ponzi Scheme.  As long as there are new investors willing to buy it at it's perceived value, it will go up in value, but there is no there there.  It is all an agreed upon value with no real value at all.

As I have said before, it is crazy to hoard Bitcoin.  In the future it will be worthless.  If you have a million dollars worth of Bitcoin I would be selling it and getting real fiat money from some stupid sucker willing to buy it at this price.  Cash in most of it and keep a little in for future growth.  I haven't heard of anyone who has actually cashed out and become rich from it.  I have heard of a lot of investors who think they are millionaires.  Pyramid Schemes work great for those who get in early but always have the same result.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: evacnam on February 23, 2021, 08:11:25 AM
Quote from: Humble Narcissist on February 23, 2021, 02:11:34 AM
Again, it has no real value.

I dont own bitcoin, Im poor as stink,.....but,.....if  I held 3 bitcoins, and sold them on whatever that market is where you sell bitcoin, and the money I sold them for is now in my bank account, does that imply btc had no real value? In my eyes, at 50k per btc, that means btc held a whole pile of value.

you know its really ok to admit when you are wrong, hell, I do it all the time. Unless you have an ego like coach who would never admit he is wrong.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on February 23, 2021, 08:28:54 AM
Quote from: evacnam on February 23, 2021, 08:11:25 AM
I dont own bitcoin, Im poor as stink,.....but,.....if  I held 3 bitcoins, and sold them on whatever that market is where you sell bitcoin, and the money I sold them for is now in my bank account, does that imply btc had no real value? In my eyes, at 50k per btc, that means btc held a whole pile of value.

you know its really ok to admit when you are wrong, hell, I do it all the time. Unless you have an ego like coach who would never admit he is wrong.
That's what I said, sell it now.  It is a Ponzi Scheme.  The people that get in early can make money IF they cash out.  Every investor I have seen tells you to hold and never sell.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: evacnam on February 23, 2021, 08:40:18 AM
Quote from: Humble Narcissist on February 23, 2021, 08:28:54 AM
That's what I said, sell it now.  It is a Ponzi Scheme.  The people that get in early can make money IF they cash out.  Every investor I have seen tells you to hold and never sell.

I personally think it will keep going up--its the future
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on February 23, 2021, 08:40:30 AM
Quote from: Humble Narcissist on February 23, 2021, 08:28:54 AM
That's what I said, sell it now.  It is a Ponzi Scheme.  The people that get in early can make money IF they cash out.  Every investor I have seen tells you to hold and never sell.

I have a question - am a complete noob with this.

Say someone is sitting on a huge bitcoin wallet that netted them a shit ton of of profit - like 30-40 million.

How do they convert that to actual cash?  Who pays it, is the transaction tracked for tax purposes, etc?

I had read there were bitcoin atms at one point, but wondered about large scale.

Also, anytime someone gains in a market, someone loses.  Who loses when the bitcoin appreciates......in other words, if someone wants to cash in their bitcoin, there needs to be a buyer at that price, right?   I know the brokerage houses play this function in the real market...or something like that.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Soul Crusher on February 23, 2021, 08:41:27 AM
Quote from: Grape Ape on February 23, 2021, 08:40:30 AM
I have a question - am a complete noob with this.

Say someone is sitting on a huge bitcoin wallet that netted them a shit ton of of profit - like 30-40 million.

How do they convert that to actual cash?  Who pays it, it the transaction tracked for tax purposes, etc?

I had read there were bitcoin atms at one point, but wondered about large scale.

You owe the taxes on the gain as in any other asset. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on February 23, 2021, 08:42:18 AM
Quote from: Soul Crusher on February 23, 2021, 08:41:27 AM
You owe the taxes on the gain as in any other asset.

Who provides the cash?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Soul Crusher on February 23, 2021, 08:43:21 AM
Quote from: Grape Ape on February 23, 2021, 08:42:18 AM
Who provides the cash?

Good question.  No clue. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on February 23, 2021, 08:53:00 AM
Quote from: Humble Narcissist on February 23, 2021, 07:29:36 AM
  I haven't heard of anyone who has actually cashed out and become rich from it.

Well now you have.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on February 23, 2021, 08:53:59 AM
Quote from: Theoak* on February 23, 2021, 08:53:00 AM
Well now you have.

Cool.

Can you explain the process of getting the cash?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 23, 2021, 09:20:00 AM
Quote from: Thin Lizzy on February 23, 2021, 06:28:46 AM
Fiat currencies are faith based. You have faith that the government isn’t going to collapse and that it will be efficient. Of course this never happens and that’s why they all eventually lose their value.

Currencies are backed by the national economy of a country: its factors of production, industries, exports, resources, stability and overall GDP.

People who say fiat money is 'backed by nothing' are being disingenuous. There's some 'faith', but the value of the currency is also backed by empirical evidence and tangible things, not only speculation.

For what it's worth, the Pound Sterling in paper money form has existed since 1694 and has survived countless wars, disasters, stock market crashes, currency crises, loss of reserve currency status, political and economic problems and has still not collapsed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on February 23, 2021, 09:39:17 AM
Quote from: evacnam on February 23, 2021, 08:11:25 AM
I dont own bitcoin, Im poor as stink,.....but,.....if  I held 3 bitcoins, and sold them on whatever that market is where you sell bitcoin, and the money I sold them for is now in my bank account, does that imply btc had no real value? In my eyes, at 50k per btc, that means btc held a whole pile of value.

you know its really ok to admit when you are wrong, hell, I do it all the time. Unless you have an ego like coach who would never admit he is wrong.

Guys like that would have tried to convince you to sell your "Ponzi Scheme Fairy Dust Internet Money" at 5k and you would been a complete moron to have done so.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on February 23, 2021, 11:00:19 AM
Quote from: Grape Ape on February 23, 2021, 08:40:30 AM
I have a question - am a complete noob with this.

Say someone is sitting on a huge bitcoin wallet that netted them a shit ton of of profit - like 30-40 million.

How do they convert that to actual cash?  Who pays it, is the transaction tracked for tax purposes, etc?

I had read there were bitcoin atms at one point, but wondered about large scale.

Also, anytime someone gains in a market, someone loses.  Who loses when the bitcoin appreciates......in other words, if someone wants to cash in their bitcoin, there needs to be a buyer at that price, right?   I know the brokerage houses play this function in the real market...or something like that.
The Bitcoin appreciation doesn't matter until you sell it to someone else.  The person who made the money from selling it makes a profit, assuming they bought it at a lower price.  They also are required by law to pay a capitol gains tax on it but I doubt anyone does.  This creates another problem for a Bitcoin investor, the IRS.  If you pay taxes on Bitcoin the Feds know you have it.  If you don't pay taxes and get caught, you go to jail.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: evacnam on February 23, 2021, 11:12:23 AM
Quote from: Humble Narcissist on February 23, 2021, 11:00:19 AM
The Bitcoin appreciation doesn't matter until you sell it to someone else.  The person who made the money from selling it makes a profit, assuming they bought it at a lower price.  They also are required by law to pay a capitol gains tax on it but I doubt anyone does.  This creates another problem for a Bitcoin investor, the IRS.  If you pay taxes on Bitcoin the Feds know you have it.  If you don't pay taxes and get caught, you go to jail.

hmmmm there could be a job for me. I dont care about going to jail. I could cut a deal where I cash out peoples bitcoins for a %, they get it from me, pay no taxes and they dont have to worry about getting charged with a crime. Granted, they should be right beside me when we do the transaction to assure they get paid.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on February 23, 2021, 11:30:51 AM
Quote from: Humble Narcissist on February 23, 2021, 11:00:19 AM
The Bitcoin appreciation doesn't matter until you sell it to someone else.  The person who made the money from selling it makes a profit, assuming they bought it at a lower price.  They also are required by law to pay a capitol gains tax on it but I doubt anyone does.  This creates another problem for a Bitcoin investor, the IRS.  If you pay taxes on Bitcoin the Feds know you have it.  If you don't pay taxes and get caught, you go to jail.

Thanks - so it's a finite supply and you net the $ directly from the next buyer.

So, in theory, it's not entirely fluid.  Meaning if you have 80 million in bitcoin you want to dump at a high price, it might not get purchased.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight on February 23, 2021, 11:41:08 AM


Hey, WHATS happened to Vince G. (G. stands 4 gib) 'people on the ground'   ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on February 23, 2021, 11:54:24 AM
Quote from: Teutonic Knight on February 23, 2021, 11:41:08 AM

Hey, WHATS happened to Vince G. (G. stands 4 gib) 'people on the ground'   ;D

See the post on the previous page about 1 account liquidating 2700 bitcoins
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 23, 2021, 11:57:52 AM
Any estimates where BTC and ETH will bottom out?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 23, 2021, 12:01:16 PM
Quote from: Griffith on February 23, 2021, 11:57:52 AM
Any estimates where BTC and ETH will bottom out?

Around zero   ;D

Another 15% drop innmy portfolio at the low and I'm out. I'm not taking any chances.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 23, 2021, 12:06:42 PM
Quote from: Griffith on February 23, 2021, 11:57:52 AM
Any estimates where BTC and ETH will bottom out?

I posted targets for BTC on the other page somewhere.

44.7k - initial target. It tapped this today.
41.2k - secondary target but I think 43k is probably close to the actual bottom.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 23, 2021, 12:08:48 PM
Quote from: evacnam on February 23, 2021, 11:12:23 AM
hmmmm there could be a job for me. I dont care about going to jail. I could cut a deal where I cash out peoples bitcoins for a %, they get it from me, pay no taxes and they dont have to worry about getting charged with a crime. Granted, they should be right beside me when we do the transaction to assure they get paid.
And then once the IRS comes after you and you squeal like a pig. They could trace back where the Bitcoin came from that filled your pockets. Also if millions of dollars are involved you're not going to do that transaction at an ATM that has a $500 per day withdrawal limit lol!

Paying taxes is a way to get the government to accept cryptocurrencies. I'd rather pay the tax as a necessary evil. Even though I know the fucking politicians will not use that money in a proper and efficient way because they are cockroaches.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 23, 2021, 12:14:56 PM
Quote from: Grape Ape on February 23, 2021, 08:42:18 AM
Who provides the cash?
If you have a Coinbase account then the cash would come from them. They have fiat in reserve like normal banks. I bought over $12,500 in cryptos back in 2018. The money was transferred from my checking account to my Coinbase account. I have not yet withdrawn any fiat since that initial investment because I am patient.

Coinbase is regulated so they will play by the rules and make sure they have fiat to cover normal transactions. A run on the banks will take down all banks. So they would limit withdrawal to prevent a situation like that. You're not going to be able to withdraw 10,000 BTC in one transaction. You could sell it to a stable coin or USD but will have to withdraw a million a day or whatever limit Coinbase has in place. But most people will not sell that many BTC unless they want a major correction in the price. Perhaps with the intent to buy more at a lower price.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 23, 2021, 12:17:07 PM
Quote from: Bindare_Dundat on February 23, 2021, 12:01:16 PM
Around zero   ;D

Another 15% drop innmy portfolio at the low and I'm out. I'm not taking any chances.
Zero or go home! Buy high sell low! That's how we roll!  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 23, 2021, 12:24:15 PM
Quote from: obsidian on February 23, 2021, 12:17:07 PM
Zero or go home! Buy high sell low! That's how we roll!  ;D

Lol nah I'm good. Didn't say I wouldn't jump back in, just not in the mood to tide it any lower than my set level.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 23, 2021, 12:48:50 PM
Perhaps buying at peak could be an effective strategy?

You acknowledge up front you are buying for top dollar.

You know it will tank just after you buy because life gives us little funny moments to laugh about.

You then make such a huge loss your mindset becomes ‘fuck it’ because you are so screwed what’s the point in selling. Years later price blasts past your buy and you are profitable again!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on February 23, 2021, 12:52:34 PM
Hmmm...

BitCoin having a correction.

Binance coin in bear territory.

"1"

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 23, 2021, 12:52:48 PM
I’m tempted to buy more ETH.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on February 23, 2021, 01:00:36 PM
Quote from: Grape Ape on February 23, 2021, 11:30:51 AM
Thanks - so it's a finite supply and you net the $ directly from the next buyer.

So, in theory, it's not entirely fluid.  Meaning if you have 80 million in bitcoin you want to dump at a high price, it might not get purchased.
That's what I would fear.  If nobody buys it you are stuck with depreciation to zero.  This is why I keep looking for people who have actually cashed out large amounts of Bitcoin.  Lots of investors think they are millionaires but no one seems to actually cash out to real money.  Part of this could be because they want to stay hidden from the IRS.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on February 23, 2021, 01:03:47 PM
Quote from: Bindare_Dundat on February 23, 2021, 12:01:16 PM
Around zero   ;D

Another 15% drop innmy portfolio at the low and I'm out. I'm not taking any chances.

Im suprised you're able to punch the keys on the keyboard with such weak hands.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 23, 2021, 01:08:14 PM
Quote from: Theoak* on February 23, 2021, 01:03:47 PM
Im suprised you're able to punch the keys on the keyboard with such weak hands.

Legit LOL  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 23, 2021, 01:12:05 PM
Quote from: Theoak* on February 23, 2021, 01:03:47 PM
Im suprised you're able to punch the keys on the keyboard with such weak hands.

 ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on February 23, 2021, 02:50:52 PM
Quote from: Bindare_Dundat on February 23, 2021, 12:01:16 PM
Around zero   ;D

Another 15% drop innmy portfolio at the low and I'm out. I'm not taking any chances.

I can respect that. Not everyone can stomach these corrections and 20%+ drops.

That said, even I am starting to look into buying cryptos.

Off the top of my head, I am considering fractional shares in Bitcoin, a small position into ETH, large position in Binance Coin, Polkadot and Cardano.

Even with this risky endeavor, I would only invest 10% of my portfolio into cryptos, as I know it's volatility can fuck anyone up.

It's money that you have to be ready to part with. Set it and forget it kind of thing...

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 23, 2021, 03:12:36 PM
Quote from: Griffith on February 23, 2021, 12:52:48 PM
I’m tempted to buy more ETH.
I have been buying ETH the past 3 years via mining. With prices as they currently are it is very profitable. I am getting ETH at just under $300. Thus even if the price of ETH crashes to $500 I am still making money. But that could change if they pass EIP-1559.

The crazy thing is as the price crashed yesterday my fees increased because of all the transactions going on. My estimated monthly earnings in USD approached $7,000! It fluctuates up or down depending on the number of transactions, price of ETH, hash rate and mining pool luck. And if the price of ETH goes up to say 10K my monthly earnings would have been insane. Because I have been hodling ETH. I sold some for Cardano and BNB but the majority has been hodled the past 3.5 years.

I will also be able to deduct my electrical and equipment costs from my taxes. I have not done this yet but have all the invoices ready for when I do take profits.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 23, 2021, 03:20:54 PM
Griffith, what do you make of this? Some miners are pissed off at the EIP-1559 initiative.

Here's the problem for Ethereum. The gas fees are an issue with smart contracts and projects are bleeding to Binance Smart Chain. But they need the miners to secure the network just like Bitcoin. If miners abandon Ethereum the security will become a risk because of a 51% attack possibility. If they keep the miners happy the smart contracts suffer.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 23, 2021, 03:22:52 PM
More Ethereum FUD?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on February 23, 2021, 03:30:02 PM
Quote from: obsidian on February 23, 2021, 03:12:36 PM
I have been buying ETH the past 3 years via mining. With prices as they currently are it is very profitable. I am getting ETH at just under $300. Thus even if the price of ETH crashes to $500 I am still making money. But that could change if they pass EIP-1559.

How does one go about buying ETH via mining and only pay under $300?

I genuinely don't know and I'm curious. Of note, I recently bought (for the first time in my life) and gifted my nephew some cryptos. I was NEVER a believer in cryptos and I'm still on the fence surrounding the whole thing, but I did manage to log into Binance.us and purchase a decent position for him. Now, I am thinking of pushing at least $5-10K into crypto. ETH looks attractive, but runs high. Hence why I am curious about this mining you speak of..

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 23, 2021, 03:43:08 PM
Quote from: OneMoreRep on February 23, 2021, 03:30:02 PM
How does one go about buying ETH via mining and only pay under $300?

I genuinely don't know and I'm curious. Of note, I recently bought (for the first time in my life) and gifted my nephew some cryptos. I was NEVER a believer in cryptos and I'm still on the fence surrounding the whole thing, but I did manage to log into Binance.us and purchase a decent position for him. Now, I am thinking of pushing at least $5-10K into crypto. ETH looks attractive, but runs high. Hence why I am curious about this mining you speak of..

"1"
You calculate your monthly ETH payouts and then look at your electrical bill. So in my case my monthly payout is around 4 ETH but could be 3.5 ETH or even 3 ETH depending on pool luck, difficulty, number of transactions on the network etc. My electrical bill has been around $900 per month. But that includes gas for water heater, washing machines, microwave, TV, furnace etc. I am guessing the electrical cost for the mining is around $750 per month.

$750 / 3 ETH = $250 per ETH
$750 / 4 ETH = $187.5 per ETH

I am mining directly to an ETH address on Coinbase. But you can have the payments go to any ETH address, for example Binance. Payments are done weekly.

That being said I was also mining ETH when it was $110. But keep in mind the rigs were also heating the house so I saved some money by paying less natural gas for the furnace to heat the house. So even at that low price if was worth the risk. Our electrical bill was also lower back then. Our bills have been higher the past few years because of infrastructure improvements. They jacked up the rates for everyone to upgrade the gas lines.

I would not go out and try to buy GPU cards right now. The prices are very high and it is sold out everywhere. And GPU mining for Ethereum is nearing the end as the transition to proof of stake. Nobody knows how much longer. 1-2 years or maybe less. There are apparently ASIC miners on the network mining Ethereum. Ethereum was supposed to be ASIC resistant but they were able to develop ASIC miners. They are apparently much more efficient than GPU miners but are hard to find and expensive. And once Ethereum mining goes away they will be useless and become door stoppers. At least with a GPU you can use it for games, videos etc. ASIC miners can't do anything but solve a specific algorithm. Bitcoin miners are all ASIC now. In the past you could mine Bitcoin with a CPU or GPU but those days are long gone.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 23, 2021, 03:45:57 PM
^^^^^^ I have a lot of GPU cards - over 40 to be precise. You are not going to get these payouts with one GPU. One ASIC miner could match that, but that ASIC miner would cost over $20,000.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on February 23, 2021, 03:56:16 PM
Quote from: obsidian on February 23, 2021, 12:14:56 PM
If you have a Coinbase account then the cash would come from them. They have fiat in reserve like normal banks. I bought over $12,500 in cryptos back in 2018. The money was transferred from my checking account to my Coinbase account. I have not yet withdrawn any fiat since that initial investment because I am patient.

Coinbase is regulated so they will play by the rules and make sure they have fiat to cover normal transactions. A run on the banks will take down all banks. So they would limit to withdrawal to prevent a situation like that. You're not going to be able to withdraw 10,000 BTC in one transaction. You could sell it to a stable coin or USD but will have to withdraw a million a day or whatever limit Coinbase has in place. But most people will not sell that many BTC unless they want a major correction in the price. Perhaps with the intent to buy more at a lower price.

Thanks OB, I appreciate you taking the time to explain.

While I'm not sure it's a deterrent, there appears to be legitimate barriers on huge payouts.

Wonder how much cash they're sitting on.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Soul Crusher on February 23, 2021, 04:02:16 PM
Quote from: Grape Ape on February 23, 2021, 03:56:16 PM
Thanks OB, I appreciate you taking the time to explain.

While I'm not sure it's a deterrent, there appears to be legitimate barriers on huge payouts.

Wonder how much cash they're sitting on.

This is why GB is a treasure and the best goddamnfng site ever.   You get real answers to stuff.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 23, 2021, 04:13:31 PM
Quote from: Grape Ape on February 23, 2021, 03:56:16 PM
Thanks OB, I appreciate you taking the time to explain.

While I'm not sure it's a deterrent, there appears to be legitimate barriers on huge payouts.

Wonder how much cash they're sitting on.
You're welcome.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 23, 2021, 04:15:00 PM
Quote from: Soul Crusher on February 23, 2021, 04:02:16 PM
This is why GB is a treasure and the best goddamnfng site ever.   You get real answers to stuff.
Yes this forum is great! I appreciate the low amount of censorship here. There are other forums out there that are also great. I expect forums to make a comeback as big tech increases censorship.

There's a lot more real conversation taking place on forums.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 23, 2021, 04:22:38 PM
So what’s the deal with 559?

All the big players talk about 559 being the green light for a ethereum to rocket off.

miners say it’s the death?

Who is right?

Excuse my ignorance here as I am not familiar with mining but if you make so much profit from mining why do other miners complain about costs and never making any money? What am I missing?

 ETH mined mid last year would have returned 10x in value even at today’s price. If ETh mined today returns 10x in 12mths time how are miners not making huge money?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 23, 2021, 04:44:05 PM
Quote from: Mayday on February 23, 2021, 04:22:38 PM
So what’s the deal with 559?

All the big players talk about 559 being the green light for a ethereum to rocket off.

miners say it’s the death?

Who is right?

Excuse my ignorance here as I am not familiar with mining but if you make so much profit from mining why do other miners complain about costs and never making any money? What am I missing?

 ETH mined mid last year would have returned 10x in value even at today’s price. If ETh mined today returns 10x in 12mths time how are miners not making huge money?
In mid 2018 and 2019 Ethereum mining was not profitable. Because the ETH price crashed to below $100. And meanwhile the mining difficulty did not reduce enough to compensate. So people were either breaking even or losing money to electrical cost. Some people bought many GPU cards on credit. Now they could not make ROI on those expenses. Some bought GPU cards when ETH reached an ATH in January 2018 at inflated prices. So this is why people were complaining about mining Ethereum and Bitcoin. Remember Bitcoin's price also crashed down to $3,500 or less. Electrical costs were high.

Smart businesses kept mining. Because they factored a low price for Bitcoin and Ethereum when they set up their mining operations. But many people exited mining and sold their GPU cards cheap.

In my case I paid upfront for my equipment and took a chance that the market would come back. I also bought the GPU cards before the prices became insane. I assembled all the machines on my own since I know how to build computers. My equipment cost was more than $20,000. And my electrical costs over the years probably $15,000 - $20,000. I need to look at the expenses.

Starting in 2020 it became profitable to mine again. In my case again I never converted to USD because I can fund my electrical and equipment from fiat. So for me the profit depends on wherever the price of ETH goes. And all my profit is on paper. Only when I cash out to USD does it really become profit.

There are some Bitcoin miners that also just hold BTC. Some miners have to sell to fund their operation and pay electrical and equipment costs.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 23, 2021, 04:48:38 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Soul Crusher on February 23, 2021, 05:04:55 PM
Quote from: obsidian on February 23, 2021, 04:15:00 PM
Yes this forum is great! I appreciate the low amount of censorship here. There are other forums out there that are also great. I expect forums to make a comeback as big tech increases censorship.

There's a lot more real conversation taking place on forums.

I’ve been A GB forever.   No matters the ebbs and flows this site is always the best for real deal information and answers. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on February 23, 2021, 05:48:44 PM
Quote from: obsidian on February 23, 2021, 04:15:00 PM
Yes this forum is great! I appreciate the low amount of censorship here. There are other forums out there that are also great. I expect forums to make a comeback as big tech increases censorship.

There's a lot more real conversation taking place on forums.

The idiot Karens and beta males on Twitter would not last very long on Getbig.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on February 23, 2021, 07:08:25 PM
Quote from: OneMoreRep on February 23, 2021, 02:50:52 PM
I can respect that. Not everyone can stomach these corrections and 20%+ drops.

That said, even I am starting to look into buying cryptos.

Off the top of my head, I am considering fractional shares in Bitcoin, a small position into ETH, large position in Binance Coin, Polkadot and Cardano.

Even with this risky endeavor, I would only invest 10% of my portfolio into cryptos, as I know it's volatility can fuck anyone up.

It's money that you have to be ready to part with. Set it and forget it kind of thing...

"1"

I would put it nearly all into Bitcoin. It's a modern day digital land grab unfolding right before our very eyes.

Bitcoin is that massive fortified castle with a massive moat around it.

Nothing else can even compare to its place as a digital store of value.

The rest of the projects you mentioned are basically fighting amongst themselves to reach that second spot.

I don't even know what the second spot even entails beyond a group of people tossing around speculative, vague ideas but I wouldn't begrudge a person for putting 10% or so of their crypto share into it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 23, 2021, 08:36:24 PM
Quote from: polychronopolous on February 23, 2021, 07:08:25 PM
I would put it nearly all into Bitcoin. It's a modern day digital land grab unfolding right before our very eyes.

Bitcoin is that massive fortified castle with a massive moat around it.

Nothing else can even compare to its place as a digital store of value.

The rest of the projects you mentioned are basically fighting amongst themselves to reach that second spot.

I don't even know what the second spot even entails beyond a group of people tossing around speculative, vague ideas but I wouldn't begrudge a person for putting 10% or so of their crypto share into it.
Most Bitcoin miners are in China. What if they decide to do a 51% attack and a double spend happens? If that ever occurs the price of Bitcoin will go to zero since it could not be trusted anymore. Read up on how it all works before you say it is invulnerable. There is a lot more to this than meets the eye.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 23, 2021, 08:37:20 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 23, 2021, 09:09:15 PM
https://cryptotips.eu/en/news/can-china-and-russia-launch-a-51-bitcoin-attack/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 23, 2021, 09:11:11 PM
Quote from: polychronopolous on February 23, 2021, 07:08:25 PM
I would put it nearly all into Bitcoin. It's a modern day digital land grab unfolding right before our very eyes.

Bitcoin is that massive fortified castle with a massive moat around it.

Nothing else can even compare to its place as a digital store of value.

The rest of the projects you mentioned are basically fighting amongst themselves to reach that second spot.

I don't even know what the second spot even entails beyond a group of people tossing around speculative, vague ideas but I wouldn't begrudge a person for putting 10% or so of their crypto share into it.

Fully agree with this.

This is also why its so important to buy BTC and then to universally advocate it as being the sole store of value. The alts will all continue to compete with the scraps.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 23, 2021, 09:15:52 PM
https://news.bitcoin.com/privacy-coin-verge-third-51-attack-200-days-xvg-transactions-erased/

According to various reports, the cryptocurrency network Verge has suffered a 51% attack that led to a massive 560,000+ block reorganization. Analysts believe the Verge network attack could be the deepest blockchain reorganization (reorg) in history with roughly 200 days worth of verge transactions wiped.

The blockchain Verge and its native token XVG once made headlines for being added to the popular adult website Pornhub. This week, the Verge network has been 51% attacked according to multiple analysts and observers on social media. Verge has suffered from a total of three 51% attacks. One back in April 2018, and then another 51% attack a month later, when a malicious XVG attacker rejected a number of blocks.

The network data analyst at Coin Metrics, Lucas Nuzzi tweeted about the issues with XVG on February 15. The past 200 days worth of XVG transaction history just vanished,” Nuzzi told his 9,000 Twitter followers. “This is likely the deepest reorg that has ever taken place in a “top 100” cryptocurrency,” he added. The action was caught by a Coin Metrics node according to Antoine Le Calvez who also wrote about the Verge network situation.

“Looks like XVG (Verge) experienced a massive 560k+ blocks reorg,” he said. “Coin Metrics node is on a new chain whose last common ancestor with the previous chain dates to July 2020,” Le Calvez added with a screenshot of the action.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on February 23, 2021, 09:27:27 PM
Quote from: obsidian on February 23, 2021, 08:36:24 PM
Most Bitcoin miners are in China. What if they decide to do a 51% attack and a double spend happens? If that ever occurs the price of Bitcoin will go to zero since it could not be trusted anymore. Read up on how it all works before you say it is invulnerable. There is a lot more to this than meets the eye.

You literally get to pick Secretariat 1973 WITH long shot 20/1 odds and yet you are worried about space ships coming down from Mars and ruining the race.

It's incredible the lengths you people will go to simply avoid buying and holding BTC.

Some people just have to pretend to be the badass though.

"Wheeling and dealing"

"Trading in and out of positions"

"Ethereum, Litecoin, Tron, Polkadot, EOS, etc etc is the future bro"

How about just own the revolutionary technology instead?

Buy Amazon. Hold Amazon.

Buy Apple. Hold Apple.

Buy Bitcoin. Hold Bitcoin.

It's that simple folks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 23, 2021, 10:04:21 PM
Quote from: polychronopolous on February 23, 2021, 09:27:27 PM
You literally get to pick Secretariat 1973 WITH long shot 20/1 odds and yet you are worried about space ships coming down from Mars and ruining the race.

It's incredible the lengths you people will go to simply avoid buying and holding BTC.

Some people just have to pretend to be the badass though.

"Wheeling and dealing"

"Trading in and out of positions"

"Ethereum, Litecoin, Tron, Polkadot, EOS, etc etc is the future bro"

How about just own the revolutionary technology instead?

Buy Amazon. Hold Amazon.

Buy Apple. Hold Apple.

Buy Bitcoin. Hold Bitcoin.

It's that simple folks.

Fully agree. Also, for all miners, they are not incentivized to act maliciously or decrease the value of BTC. (Indeed quite the opposite, they want BTC to continue to increase in value).

Further is almost impossible to do given how decentralized BTC miners and nodes actually are and how much collective computing power would need to he harnessed and controlled. And its also not true as much has claimed is done in China. Its kind of an urban myth and the actual mining power landscape is changing all the time.

Its amazing the "struggle" people have coming up with more and more far-fetched reasons not to buy BTC. Questioning and skepticism at the outset of seeking to understand any new concept is important, but some people simply become fundamentally stuck on the journey. Mr Anabolic was a good example of that, where logic was overridden by stubbornness, obstiance, pigheadedness, and pride.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on February 23, 2021, 10:19:45 PM
Quote from: gib on February 23, 2021, 10:04:21 PM
Fully agree. Also, for all miners, they are not incentivized to act maliciously or decrease the value of BTC. (Indeed quite the opposite, they want BTC to continue to increase in value).

Further is almost impossible to do given how decentralized BTC miners and nodes actually are and how much collective computing power would need to he harnessed and controlled. And its also not true as much has claimed is done in China. Its kind of an urban myth and the actual mining power landscape is changing all the time.

That is the point that simply baffles me when I hear this 51% attack FUD.

It's basically the same as having a business that is uber successful and bringing in tons of cash and all of the sudden you, as the owner, start tossing Molotov cocktails at the building.

It is so incredibly ludicrous. I cannot believe I am reading these sorts of posts in 2021.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 23, 2021, 10:27:22 PM
Quote from: gib on February 23, 2021, 10:04:21 PM
Fully agree. Also, for all miners, they are not incentivized to act maliciously or decrease the value of BTC. (Indeed quite the opposite, they want BTC to continue to increase in value).

Further is almost impossible to do given how decentralized BTC miners and nodes actually are and how much collective computing power would need to he harnessed and controlled. And its also not true as much has claimed is done in China. Its kind of an urban myth and the actual mining power landscape is changing all the time.
In communist China? They just released a biological weapon one year ago with the help of the Deep State - the CCP virus. What makes you think they don't approach the Bitcoin miners and tell them to crash Bitcoin's price to damage the USA's economy! It's not like the USA's economy has not already been damaged by the CCP virus. They don't care.

Perhaps they wait 5 years until the market cap is many trillions more.

When dealing with the CCP all bets are off as far as I am concerned.

Economic attack
By now, most agree that an economic attack is far less costly than an actual attack. This is the reason why rogue states like North Korean and Iran have hackers who do their bidding. Iran has famously hacked the Sands Casinos in Las Vegas and North Korea hacked Sony when it tried to launch an unflattering movie about their great leader.

Instead of sending soldiers, you just send hackers. Less costly for you, far more costly for your victim.

E-Yuan
Fast forward five years from now.

It’s 2025.

Many US companies, fearing an inflating dollar (which a Biden administration will have used to keep the US economy as the biggest in the world), will have invested part of their portfolio into Bitcoin by then. Perhaps a few percentage points.

That is a substantial part of the economy and a sum able to start a stock market crash if the floor would fall out from underneath it.

China will have launched its E-Yuan or Digital Yuan and with that be able to spy on its own citizens. Given that Beijing is in full control of its own currency in digital form, you will not be able to know how much they’ve spent and how much they have.

Although it is to be assumed that some of the mining power will have already moved from China to the US, a lot will still remain in China, and in combination with Russian mining operations (the Kremlin is also able to control mines in Kazakhstan), they could reach a bit more than 51% if needed, paying the miners as many E-Yuan or Russian rubles as they want.

In April 2020, China has 65% of hash power, the US 7%, Russia 6% and Kazakhstan another 6%. Even if 15% would by that time have moved from China to the US, this would still hypothetically leave the Communist states with more than 51%.

At that point, China and Russia, which have the same political interest (namely to crumble the US economy which heightens their own status), could take over the Bitcoin blockchain and, at least for a while, mine a whole lot of blocks for themselves.

Causing collapse
If they then dump the mined Bitcoins on the market and replace the public blockchain with their own private blockchain, the price of Bitcoin would crumble. Depending on how much of Fortune 500 companies assets are at that moment invested in Bitcoin, this could reverberate in a crash of the US stock markets.

In Jack Ryan, Shadow Recruit, the book by Tom Clancy, such a scenario (by Russia) is exactly described. In his screenplay. There, the villain, a Russian oligarch:

Will dump all of his inventory onto the market at the same time, causing the American Dollar to collapse. It would hurt China too because of their Dollar holdings, but the goal is to trigger a new Great Depression in the USA.

Replace the American dollar by Bitcoin and multiply the value of Bitcoin’s current market capitalization by 10, now think of the possibilities.

https://cryptotips.eu/en/news/can-china-and-russia-launch-a-51-bitcoin-attack/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on February 23, 2021, 10:43:02 PM
Quote from: obsidian on February 23, 2021, 10:27:22 PM
In communist China? They just released a biological weapon one year ago with the help of the Deep State - the CCP virus. What makes you think they don't approach the Bitcoin miners and tell them to crash Bitcoin's price to damage the USA's economy! It's not like the USA's economy has not already been damaged by the CCP virus. They don't care.

Perhaps they wait 5 years until the market cap is many trillions more.

When dealing with the CCP all bets are off as far as I am concerned.

Economic attack
By now, most agree that an economic attack is far less costly than an actual attack. This is the reason why rogue states like North Korean and Iran have hackers who do their bidding. Iran has famously hacked the Sands Casinos in Las Vegas and North Korea hacked Sony when it tried to launch an unflattering movie about their great leader.

Instead of sending soldiers, you just send hackers. Less costly for you, far more costly for your victim.

E-Yuan
Fast forward five years from now.

It’s 2025.

Many US companies, fearing an inflating dollar (which a Biden administration will have used to keep the US economy as the biggest in the world), will have invested part of their portfolio into Bitcoin by then. Perhaps a few percentage points.

That is a substantial part of the economy and a sum able to start a stock market crash if the floor would fall out from underneath it.

China will have launched its E-Yuan or Digital Yuan and with that be able to spy on its own citizens. Given that Beijing is in full control of its own currency in digital form, you will not be able to know how much they’ve spent and how much they have.

Although it is to be assumed that some of the mining power will have already moved from China to the US, a lot will still remain in China, and in combination with Russian mining operations (the Kremlin is also able to control mines in Kazakhstan), they could reach a bit more than 51% if needed, paying the miners as many E-Yuan or Russian rubles as they want.

In April 2020, China has 65% of hash power, the US 7%, Russia 6% and Kazakhstan another 6%. Even if 15% would by that time have moved from China to the US, this would still hypothetically leave the Communist states with more than 51%.

At that point, China and Russia, which have the same political interest (namely to crumble the US economy which heightens their own status), could take over the Bitcoin blockchain and, at least for a while, mine a whole lot of blocks for themselves.

Causing collapse
If they then dump the mined Bitcoins on the market and replace the public blockchain with their own private blockchain, the price of Bitcoin would crumble. Depending on how much of Fortune 500 companies assets are at that moment invested in Bitcoin, this could reverberate in a crash of the US stock markets.

In Jack Ryan, Shadow Recruit, the book by Tom Clancy, such a scenario (by Russia) is exactly described. In his screenplay. There, the villain, a Russian oligarch:

Will dump all of his inventory onto the market at the same time, causing the American Dollar to collapse. It would hurt China too because of their Dollar holdings, but the goal is to trigger a new Great Depression in the USA.

Replace the American dollar by Bitcoin and multiply the value of Bitcoin’s current market capitalization by 10, now think of the possibilities.

https://cryptotips.eu/en/news/can-china-and-russia-launch-a-51-bitcoin-attack/

I heard as many as 17 different gunmen and 35 shots rang out in Dealy Plaza when JFK got taken out too.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 23, 2021, 10:44:55 PM
Quote from: polychronopolous on February 23, 2021, 10:19:45 PM
That is the point that simply baffles me when I hear this 51% attack FUD.

It's basically the same as having a business that is uber successful and bringing in tons of cash and all of the sudden you, as the owner, start tossing Molotov cocktails at the building.

It is so incredibly ludicrous. I cannot believe I am reading these sorts of posts in 2021.
As I said before what makes you think the CCP cares about Bitcoin's profits? The stakes for global dominance are higher than whatever profits some miners can make in Bitcoin. China's CCP can give Chinese miners orders to do whatever and if they don't comply they just disappear.

Just putting it out there that Bitcoin is not as invulnerable as people say it is. Now granted China's dominance in Bitcoin has dropped but it is still dominant.

https://decrypt.co/31915/crypto-bitcoin-china-mining-industry

https://www.buybitcoinworldwide.com/mining/china/

China is the undisputed world leader in Bitcoin mining.

Chinese mining pools control more than 60% of the Bitcoin network’s collective hashrate.

Not only does China manufacture most of the world’s mining equipment, but massive mining farms are located there to take advantage of extremely cheap electricity prices.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on February 23, 2021, 11:14:18 PM
Quote from: obsidian on February 23, 2021, 10:44:55 PM
As I said before what makes you think the CCP cares about Bitcoin's profits? The stakes for global dominance are higher than whatever profits some miners can make in Bitcoin. China's CCP can give Chinese miners orders to do whatever and if they don't comply they just disappear.

Just putting it out there that Bitcoin is not as invulnerable as people say it is. Now granted China's dominance in Bitcoin has dropped but it is still dominant.

https://decrypt.co/31915/crypto-bitcoin-china-mining-industry

https://www.buybitcoinworldwide.com/mining/china/

China is the undisputed world leader in Bitcoin mining.

Chinese mining pools control more than 60% of the Bitcoin network’s collective hashrate.

Not only does China manufacture most of the world’s mining equipment, but massive mining farms are located there to take advantage of extremely cheap electricity prices.

All the king's horses and all the king's men from ALL the governments from ALL over over the world cannot take down that embarrassing Beyonce Super Bowl pic. It just doesn't work that way.

When I read about these JFK conspiracy people and agressive atheists types who have wasted countless hours of their lives going down these silly rabbit holes, brother I have too many other things that interest me more but no, China does not have the capability to shut down Bitcoin.

If posting your "trades" and lying about when you got into and out of stupid shitcoin positions makes you feel better about yourself then by all means feel free to do so.

I'll just be boring ass Bitcoin HODLer over here soaking up oodles of gains.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 23, 2021, 11:31:47 PM
https://dailyhodl.com/2021/02/23/pantera-capitals-joey-krug-unveils-exponential-ethereum-price-target-for-current-crypto-cycle/

Pantera Capital’s Joey Krug Unveils Exponential Ethereum Price Target for Current Crypto Cycle

The co-chief investment officer of blockchain investment fund Pantera Capital says Ethereum has huge upside potential in the current market cycle.

In a new blog post, Joey Krug points to Ethereum’s dominance in smart contract transactions as the key driver of growth.

“The vast majority of the value in that system (decentralized finance) is transacting on top of smart contracts written on Ethereum. The net present value of the global settlement layer’s transaction fees for all of finance is a considerable number.”

Krug cites Ethereum’s rising revenues since the start of 2020, which according to his data have surged by more than 39,000% since the start of 2020.

With the tailwinds driving the second-largest cryptocurrency, Krug says he believes ETH could soar as high as $18,000 in the current bull run.

“It’s an insanely cheap asset compared to anything else in the public markets with that kind of growth relative to its revenue multiple. It’s not entirely crazy to see Ethereum being able to 5–10x from here, especially when compared to traditional equities markets…

As the market gains confidence that DeFi is here to stay and isn’t a fad, multiples will go up too, and things will begin to be valued by price/revenue/growth in DeFi.”
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 23, 2021, 11:42:15 PM
Quote from: polychronopolous on February 23, 2021, 09:27:27 PM
You literally get to pick Secretariat 1973 WITH long shot 20/1 odds and yet you are worried about space ships coming down from Mars and ruining the race.

It's incredible the lengths you people will go to simply avoid buying and holding BTC.

Some people just have to pretend to be the badass though.

"Wheeling and dealing"

"Trading in and out of positions"

"Ethereum, Litecoin, Tron, Polkadot, EOS, etc etc is the future bro"

How about just own the revolutionary technology instead?

Buy Amazon. Hold Amazon.

Buy Apple. Hold Apple.

Buy Bitcoin. Hold Bitcoin.

It's that simple folks.

There's never only one currency or commodity in any market globally.

Bitcoin maximalists might not like that some of their limelight is being taken away and attention is going to other cryptocurrencies as well, but this is the nature of a free-market system.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on February 24, 2021, 12:38:03 AM
Quote from: Griffith on February 23, 2021, 11:42:15 PM
There's never only one currency or commodity in any market globally.

Bitcoin maximalists might not like that some of their limelight is being taken away and attention is going to other cryptocurrencies as well, but this is the nature of a free-market system.

Take away whatever perceived attention that you want, I've been in this game for almost 4 years.

Go back through the thread, I purchased Ethereum back in 2017 at the 300 dollar range and all the way up to the $1400 crash.

I thought I was clever back then too.

"The Flippening"

Ah man, Ethereum is going to SURPASS the market share of Bitcoin!!

That was the narrative back then.

But after spending 100s and 100s of hours digging down, there is simply no question: Bitcoin is King.

It's a decentralized protocol with a hard cap of 21 million.

Digital scarcity.

Modern day land grab. Get you a piece of it while you still can.

I literally ran into a burning building when the world was on fire with Covid panic in March and brought more Bitcoin. The result today is a 12 bagger. Soon it will be a 15 bagger then a 20 bagger and so forth and so on.

That's how much I believe in what I have invested in.

What are your results so far in this sector?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 24, 2021, 03:53:34 AM
How many banks do we have? How many internet providers do we have? Energy providers? How many supermarkets? How many car models? Markets need choice.

why would anyone assume ‘there can be only one’?

Is the internet only google? Or do we have Facebook, Instagram, tiktok, LinkedIn, reddit, YouTube, Vimeo, Spotify, email, facechat, messenger etc? All markets have specialties and generally a few large players in each specialty.


Name one thing digital that has never been super-seeded.


As for ETH it’s a short term thing that offers higher risk/reward than BTC. Plenty of data supports it in a market cycle top year. Perhaps it’s new to some people on here but there are short term investment strategies. Not everything is planned on a long timeline.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 24, 2021, 07:50:08 AM
Quote from: obsidian on February 23, 2021, 03:45:57 PM
^^^^^^ I have a lot of GPU cards - over 40 to be precise. You are not going to get these payouts with one GPU. One ASIC miner could match that, but that ASIC miner would cost over $20,000.

Got a pic of your rig?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 24, 2021, 08:01:30 AM
Quote from: Mayday on February 23, 2021, 01:08:14 PM
Legit LOL  :D

You're all better men then me I guess. It wasn't long ago, (around the Saylor events, back in beginning of Feb.  that I mentioned we could see a rally)  and you said it wouldn't amount to shit with your game of thrones analogy. it blasted to all time high right after that but hey, what do I know.  :-\
Not everything is TA, news moves markets too. Even more so at times.

The prices rebound a bit and now everyone has diamond hands...lol ok. I have no.problems being conservative with my plays. Don't know what's so funny about that.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 24, 2021, 08:36:50 AM
Quote from: OneMoreRep on February 23, 2021, 02:50:52 PM
I can respect that. Not everyone can stomach these corrections and 20%+ drops.

That said, even I am starting to look into buying cryptos.

Off the top of my head, I am considering fractional shares in Bitcoin, a small position into ETH, large position in Binance Coin, Polkadot and Cardano.

Even with this risky endeavor, I would only invest 10% of my portfolio into cryptos, as I know it's volatility can fuck anyone up.

It's money that you have to be ready to part with. Set it and forget it kind of thing...

"1"

Thanks. I sat through the last cycle and watched everything go down and sideways for what seemed like forever. No thanks. Ill err on the side of caution and enjoy what I have. I'll pay my taxes. Everyone can laugh away. I dont care. I had the tax man up my asshole years ago. Wasn't fun. As long as I realize meaningful profits I am content.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on February 24, 2021, 09:16:31 AM
Quote from: Bindare_Dundat on February 24, 2021, 08:36:50 AM
Thanks. I sat through the last cycle and watched everything go down and sideways for what seemed like forever. No thanks. Ill err on the side of caution and enjoy what I have. I'll pay my taxes. Everyone can laugh away. I dont care. I had the tax man up my asshole years ago. Wasn't fun. As long as I realize meaningful profits I am content.

This is not a bad stance to have.

Trust me, I deal with clients that undergo audits all the time and the IRS just doesn't care about anyone's particular circumstances, they come after you with everything they've got.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 24, 2021, 09:47:25 AM
MicroStrategy buys more than $1 billion worth of bitcoin, adding to massive holdings.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 24, 2021, 10:19:33 AM
http://www.bloomberg.com/amp/news/articles/2021-02-24/coinshares-is-launching-an-exchange-traded-ethereum-product

CoinShares Is Launching an Exchange-Traded Ethereum Product

CoinShares, a St. Helier, Jersey-based digital-asset investment house with over $4 billion under management, is launching a physically backed, exchange-traded Ethereum product.

It will be listed under the ticker ETHE on the SIX Swiss Exchange.

“Bringing innovative products like ETHE allows us to continue setting the industry standard for trust and transparency and provide institutions with easy access to industry-leading crypto investment vehicles,” said Townsend Lansing, head of product at CoinShares.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 24, 2021, 03:49:42 PM
Quote from: Bindare_Dundat on February 24, 2021, 07:50:08 AM
Got a pic of your rig?
Yes here is a pic of one of the rigs as I assembled it. Originally I planned to have (9) 1070 ti and (6) RX580 cards for a total of 15 GPUs per rig. The motherboard can take up to 19 mining cards. But as I was testing it I discovered it could only work with 13 cards. To get to 19 cards you have to use mining specific cards for the last 6 slots.

So there are 13 GPUs in each rig. (7) 1070 ti and (6) RX580 cards. I have 3 identical rigs. Then I also have a few other computers with various cards ranging from 1070 to 1080 ti to RTX 3090. The RTX 3090 is incredibly powerful, as fast as (4) 1070 ti cards.

ASIC miners can go much faster than these GPU cards for less power.

GPU mining only makes sense at current prices. And you can only obtain ETH as fast as your processing power. The most affordable way to get these assets is to buy them when they are very undervalued at cents or a few dollars. The main reason Bitcoin is not seen as a security by the SEC is because the only way to obtain it initially was to put in the work and mine them with your computer. If they offered BTC up for sale from the get go it would have been in the boat that Ripple / XRP is in right now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 24, 2021, 04:44:46 PM
Quote from: Bindare_Dundat on February 24, 2021, 08:01:30 AM
You're all better men then me I guess. It wasn't long ago, (around the Saylor events, back in beginning of Feb.  that I mentioned we could see a rally)  and you said it wouldn't amount to shit with your game of thrones analogy. it blasted to all time high right after that but hey, what do I know.  :-\
Not everything is TA, news moves markets too. Even more so at times.

The prices rebound a bit and now everyone has diamond hands...lol ok. I have no.problems being conservative with my plays. Don't know what's so funny about that.

If the data changes i follow it.

The initial outlook for this rally was 55k. That’s pretty different to 288k and 500k where it now sits. The underlying data has drastically changed making a strategy based around 55k no longer correct for me because it’s highly likely there won’t be a ‘cycle’ to crypto anymore or at least a greatly diminished cycle.

Sorry I don’t keep you up to date with my thought process every hour but each person should do what they think is right for them. I’ll shift in different directions according to the quants (mostly) for analytics and then the main talking heads for a macro market direction.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 24, 2021, 06:21:16 PM
For any of you interested in mining, and worried about a "51% attack", do take a listen, and learn...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 24, 2021, 06:21:54 PM
Quote from: obsidian on February 24, 2021, 03:49:42 PM
Yes here is a pic of one of the rigs as I assembled it. Originally I planned to have (9) 1070 ti and (6) RX580 cards for a total of 15 GPUs per rig. The motherboard can take up to 19 mining cards. But as I was testing it I discovered it could only work with 13 cards. To get to 19 cards you have to use mining specific cards for the last 6 slots.

So there are 13 GPUs in each rig. (7) 1070 ti and (6) RX580 cards. I have 3 identical rigs. Then I also have a few other computers with various cards ranging from 1070 to 1080 ti to RTX 3090. The RTX 3090 is incredibly powerful, as fast as (4) 1070 ti cards.

ASIC miners can go much faster than these GPU cards for less power.

GPU mining only makes sense at current prices. And you can only obtain ETH as fast as your processing power. The most affordable way to get these assets is to buy them when they are very undervalued at cents or a few dollars. The main reason Bitcoin is not seen as a security by the SEC is because the only way to obtain it initially was to put in the work and mine them with your computer. If they offered BTC up for sale from the get go it would have been in the boat that Ripple / XRP is in right now.

Does that room get hot? How do you cool it?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 24, 2021, 06:23:25 PM
I had a friend who was running rigs with 24 aircons on in the house. His wife was not overly happy with the set up. Also had a little experimental meth lab running in once of the rooms. Crazy guy! (And not it was not Whiggs...)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 24, 2021, 07:00:47 PM
Quote from: gib on February 24, 2021, 06:21:54 PM
Does that room get hot? How do you cool it?
I only assembled it there. I moved two rigs down into the basement. I separated the two towers and then reassembled in the basement. I was not going to carry those things down stairs lol! But the third rig was carried to my home office and is sitting 8 feet from me. In the winter the rigs heat the house to a very comfortable temperature.

I have an exhaust fan in the basement right above the two rigs to extract hot air. Not necessary in the winter but in the spring / summer it is needed. I am not sure if I will be mining in the summer. It all depends on the price of ETH. If it goes up a lot I'll crank up the AC and pay a $1600 monthly electrical bill. But I'll be withdrawing ETH at that point. If the price of ETH stays the same I might consider just shutting it off and part it out.

If I had a time machine I would go back to 2009 and mine Bitcoin on a couple of computers for a few months and call it a day. 30,000 -50,000 BTC would be a good number. I wonder how much BTC these rigs could have mined in 2010 when the first GPU miner was released? Probably faster than they could issue it right?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 24, 2021, 08:53:28 PM
Quote from: Mayday on February 24, 2021, 04:44:46 PM
If the data changes i follow it.

The initial outlook for this rally was 55k. That’s pretty different to 288k and 500k where it now sits. The underlying data has drastically changed making a strategy based around 55k no longer correct for me because it’s highly likely there won’t be a ‘cycle’ to crypto anymore or at least a greatly diminished cycle.

Sorry I don’t keep you up to date with my thought process every hour but each person should do what they think is right for them. I’ll shift in different directions according to the quants (mostly) for analytics and then the main talking heads for a macro market direction.

Do you still see Ehereum reaching 20k by end of year or January?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 24, 2021, 09:45:53 PM
Quote from: obsidian on February 24, 2021, 07:00:47 PM
In the winter the rigs heat the house to a very comfortable temperature.


Great!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 25, 2021, 04:21:00 AM
https://cointelegraph.com/news/ethereum-on-track-to-settle-1-6-trillion-this-quarter

Ethereum on track to settle $1.6 trillion this quarter

Ethereum's quarterly settlement value is on course to increase by 1,280% year-over-year.

Ethereum usage is surging this year, with the value of transactions settled on the network skyrocketing during 2021.

The network is currently on-pace to settle $1.6 trillion in transactions for the first quarter of this year. In the last 12 months, Ethereum has already settled $2.1 trillion in transactions.

If Messari’s $1.6 trillion forecast is accurate, Ethereum’s quarterly settlement value will have increased 1,280% compared to Q1 2020, and more than 5,000% compared to Q1 2019.

Messari researcher Ryan Watkins noted the data counters the prevailing narrative that Ethereum is seeing an exodus of users amid its high gas fees, exclaiming:

“Incredible scale for a technology that critics claimed couldn’t scale.”

Ethereum's recent surge in settlement value can be attributed to explosive growth in the DeFi and non-fungible token sector — most of which is based upon Ethereum.

The massive demand on the network has caused gas prices to surge to all-time highs. With many retail traders increasingly getting priced out of using the Ethereum mainnet for smaller transactions.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 25, 2021, 06:02:39 AM
Quote from: obsidian on February 24, 2021, 03:49:42 PM
Yes here is a pic of one of the rigs as I assembled it. Originally I planned to have (9) 1070 ti and (6) RX580 cards for a total of 15 GPUs per rig. The motherboard can take up to 19 mining cards. But as I was testing it I discovered it could only work with 13 cards. To get to 19 cards you have to use mining specific cards for the last 6 slots.

So there are 13 GPUs in each rig. (7) 1070 ti and (6) RX580 cards. I have 3 identical rigs. Then I also have a few other computers with various cards ranging from 1070 to 1080 ti to RTX 3090. The RTX 3090 is incredibly powerful, as fast as (4) 1070 ti cards.

ASIC miners can go much faster than these GPU cards for less power.

GPU mining only makes sense at current prices. And you can only obtain ETH as fast as your processing power. The most affordable way to get these assets is to buy them when they are very undervalued at cents or a few dollars. The main reason Bitcoin is not seen as a security by the SEC is because the only way to obtain it initially was to put in the work and mine them with your computer. If they offered BTC up for sale from the get go it would have been in the boat that Ripple / XRP is in right now.

Cool, thanks for sharing. Very interesting.  I have an rx570. Can I use that for mining? Lol j/k
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on February 25, 2021, 06:24:28 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 25, 2021, 02:18:23 PM
Quote from: Griffith on February 24, 2021, 08:53:28 PM
Do you still see Ehereum reaching 20k by end of year or January?

Lol.  Not a chance.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on February 25, 2021, 02:43:45 PM
Anyone see this?

I've said it before, the US dollar as the world reserve gives the USA a lot of leveraging power all throughout the world. It also keeps our position strong as the top world superpower. We lose our standing as having the world reserve currency and we will lose everything. Our relevance will disappear, much like with the British and Dutch empires when their currencies became 2nd & 3rd tier.

Janet Yellen already critiques cryptocurrencies (particularly Bitcoin) and has mentioned several times the need for regulation. Now, her old boyfriend at the Fed, Jerome Powell, is making a digital dollar a "high priority". While I think the crypto train is too far gone to completely stop in its tracks, the value of cryptos can certainly take a further nosedive if the US govt and the fed go after them.

The digital dollar is now high priority for the Fed

https://www.axios.com/digital-dollar-priority-fed-f4daa0a8-0bb1-41d9-8c8d-f75a0d65b2a9.html (https://www.axios.com/digital-dollar-priority-fed-f4daa0a8-0bb1-41d9-8c8d-f75a0d65b2a9.html)

The U.S. is starting to get serious about a central-bank-backed digital currency, with recent comments from top officials laying out the strongest support yet.

Driving the news: On Tuesday Fed chair Jerome Powell told Congress that developing a digital dollar is a "high priority project for us," but added that there are "significant technical and policy questions."


Why it matters: More consumers and financial institutions are transitioning toward digital payments, putting greater pressure on policymakers to ensure the dollar's status as the world's reserve currency remains intact.

The big picture: Powell's "high priority" language and the ensuing report reflect a shift in rhetoric and action from the Fed, which had previously urged caution and patience on the development of a digital dollar.


What's happening: Cash accounted for just 20.5% of all in-store payments globally, down by nearly a third from 2019, according to a report from financial services company FIS. By 2024 FIS expects that to drop to 13%.


Between the lines: Perhaps more important than the decline in cash usage is the growing popularity of cryptocurrencies and the acceleration of real-world testing by China's central bank of its own digital currency.


"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 25, 2021, 02:47:02 PM
Quote from: Grape Ape on February 23, 2021, 08:40:30 AM
I have a question - am a complete noob with this.

Say someone is sitting on a huge bitcoin wallet that netted them a shit ton of of profit - like 30-40 million.

How do they convert that to actual cash?  Who pays it, is the transaction tracked for tax purposes, etc?

I had read there were bitcoin atms at one point, but wondered about large scale.

Also, anytime someone gains in a market, someone loses.  Who loses when the bitcoin appreciates......in other words, if someone wants to cash in their bitcoin, there needs to be a buyer at that price, right?   I know the brokerage houses play this function in the real market...or something like that.
If someone with a huge bitcoin wallet wants to sell it all they could create an account on Coinbase or a competitor and send the Bitcoin to their Bitcoin wallet on Coinbase. Then they can sell all the Bitcoin to dollars. Or they can sell it to a stable coin and have it collect interest. The interest rates for stable coins are much higher than you could get with savings accounts in traditional banks.

If they want all the money in dollars they can hold the dollar value on Coinbase and then start withdrawing on a daily basis. There is a $50,000 per day limit. Or they could contact Coinbase and ask for an increase. I am sure they would increase it for a large holder. The whole point of limiting withdrawals is to prevent a run on the bank situation. Coinbase has a finite amount of funds available and they have a large user base.

https://help.coinbase.com/en/pro/trading-and-funding/trading-rules-and-fees/limits

Deposit & Withdrawal Limits
Deposits of cryptocurrency are unlimited. Deposits of fiat currency (US Dollar or Euro) are limited by payment method. Deposits via wires are unlimited, but deposits of fiat currency via ACH transfers or SEPA are limited based on your weekly bank transfer limit. You can see your weekly bank transfer limit by going to your Limits page.

Withdrawals of both cryptocurrency and fiat currency are limited. Coinbase Pro account holders have a daily withdrawal limit of $50,000/day. This amount applies across all currencies (for example, you can withdraw up to $50,000 worth of ETH per day).

To be considered for higher withdrawal limits, please go to your Limits page within Coinbase Pro and select Increase Limits.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on February 25, 2021, 02:50:23 PM
Quote from: obsidian on February 25, 2021, 02:47:02 PM
If someone

Hey Obsidian,

I just recently bought my nephew some alt coins on Binance.us. I literally opened an account for him and used my debit card.

Someone told me that he will now NEED a Nano ledger x in order to safely store his coins. But then I read online that the coins are safely stored on Binance.us. So what's the actual truth here?

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 25, 2021, 02:52:29 PM
Quote from: Bindare_Dundat on February 25, 2021, 02:18:23 PM
Lol.  Not a chance.
Institutional investors might disagree. A retail investor might not see this happening. They are not the ones that could push the price up that high. Institutions also don't care about high gas fees. Bitcoin's price was not pushed to 50k because grandma and grandpa bought BTC. It was large investors that pushed it up.

There is a lot of fud goin on about Ethereum right now because of the high gas fees. But Ethereum has major partnerships with Fortune 500 companies. Ethereum 2.0 is a big improvement but slow in development because Ethereum has many live projects on it. It is not easy to upgrade with all these constraints. Plus you have proof of work miners in the mix securing the network. Cardano does not have these constraints and is already in full Proof of Stake mode. But it has few partnerships. That could change moving forward. However even Cardano is not yet complete and still not 100% live.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 25, 2021, 03:06:07 PM
Quote from: OneMoreRep on February 25, 2021, 02:50:23 PM
Hey Obsidian,

I just recently bought my nephew some alt coins on Binance.us. I literally opened an account for him and used my debit card.

Someone told me that he will now NEED a Nano ledger x in order to safely store his coins. But then I read online that the coins are safely stored on Binance.us. So what's the actual truth here?

"1"
I have a Nano Ledger S and it is a pain in the ass. I stored some alt coins on it because Binance US does not support them yet - TRON for example. There is a digital display with buttons on the ledger and you have to unlock it every time you want to access the coins. The Nano S can also only store a limited number of cryptos because of storage space limitation. The Nano X is a better option for sure because it has more storage space and you can have many crypto wallets on it. I wish I had that one. I bought mine 3 years ago before the X was available. Technical prowess is needed to use these.

There is the risk that he could lose the ledger or his access keys. I would read up on what options are available if that were to happen.

So I think Binance and Coinbase should be ok for storing it. I have been storing cryptos on both for 3 years without issue.

If he had millions of dollars in cryptos then that is a different matter and a lot of planning would have to go into placing it in cold storage and I am not sure what the best route would be in that case. I personally would be nervous storing all that on a Nano Ledger knowing the device could break, I could lose my keys or the Ledger etc. It is a USB device after all and have we not all had a USB flash drive fail over the years?

Even storing it at a bank vault is a risk if anything happens there.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on February 25, 2021, 03:08:23 PM
Quote from: obsidian on February 25, 2021, 03:06:07 PM
I have a Nano Ledger S and it is a pain in the ass. I stored some alt coins on it because Binance US does not support them yet - TRON for example. There is a digital display with buttons on the ledger and you have to unlock it every time you want to access the coins. The Nano S can also only store a limited number of cryptos because of storage space limitation. The Nano X is a better option for sure because it has more storage space and you can have many crypto wallets on it. I wish I had that one. I bought mine 3 years ago before the X was available. Technical prowess is needed to use these.

There is the risk that he could lose the ledger or his access keys. I would read up on what options are available if that were to happen.

So I think Binance and Coinbase should be ok for storing it. I have been storing cryptos on both for 3 years without issue.

If he had millions of dollars in cryptos then that is a different matter and a lot of planning would have to go into placing it in cold storage and I am not sure what the best route would be in that case. I personally would be nervous storing all that on a Nano Ledger knowing the device could break, I could lose my keys or the Ledger etc. It is a USB device after all and have we not all had a USB flash drive fail over the years?

Even storing it at a bank vault is a risk if anything happens there.

That's what I thought as well. I was going to buy him the ledger X, but then I thought it was probably not the best idea, because (as you said) if he loses it, he loses all of his money.

Thank you sir.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 25, 2021, 03:53:01 PM
I wouldn't be surprised to see eth drop significantly lower  for the short term
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 25, 2021, 03:58:39 PM
Quote from: OneMoreRep on February 25, 2021, 03:08:23 PM
That's what I thought as well. I was going to buy him the ledger X, but then I thought it was probably not the best idea, because (as you said) if he loses it, he loses all of his money.

Thank you sir.

"1"

Buy a safe and leave it in there. Crypto isnt stored on the ledger. The nano holds the private keys you need to access your crypto. As long as ge doesn't lose his 24 word access phrase, he's ok.

  Plus you can store many different crypto account info on it but unfortunately you have to rotate them off and on the screen to be seen. There's only so many visible at a time. The x stores more than the s.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 25, 2021, 05:12:48 PM
Quote from: Bindare_Dundat on February 25, 2021, 06:02:39 AM
Cool, thanks for sharing. Very interesting.  I have an rx570. Can I use that for mining? Lol j/k
Does it have 8GB RAM? If only 4 GB then no the Ethereum DAG file is now almost that size. It has to be loaded in the RAM of the GPU. All my GPU cards have 8 GB or more. The 1080 ti has 11 GB and then 3090 has 24 GB RAM. 6 GB cards can still mine Ethereum. You can still mine Ethereum Classic with less than 4 GB RAM.

Looks like you can make more than $2 per day mining ETH with a RX470 8 GB card today. That number goes up when there are a lot of transactions going on. Right now it is relatively quiet with Ethereum so my profits are a bit less.

https://www.cryptocompare.com/mining/calculator/eth?HashingPower=29.5&HashingUnit=MH%2Fs&PowerConsumption=100&CostPerkWh=0.12&MiningPoolFee=1

You can also check this site:

https://whattomine.com/

If you want more info I can tell you which mining pools to go to and what software to use. I'll post the configurations here.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 25, 2021, 05:42:26 PM
I've been using Ethermine and in the past Nanopool.

I had a nightmare experience with Ethpool which is more suitable for very large mining farms. I was stuck on that pool in 2018 for 1 month trying to get to the top of the list to claim a block reward of 3+ ETH. I kept falling back in the queue as massive 100 GH/s + farms came from behind and took the rewards on a daily basis. For reference a RTX 3090 can mine at up to 120-124 MH/s. An AMD RX470 can achieve 29.5 or maybe 30 MH/s.

1 GH/s = 1,000 MH/s
100 GH/s = 100,000 MH/s or the equivalent of more than 800 RTX 3090 graphics cards which are selling for close to $2,000 each!

So I was at risk of having to mine for 2 months or more before ever hoping to get a mediocre reward of 3+ ETH. Those large farms also got rewards on top of the fee based on if they were the dominant miner for a certain period. So they got a 3.2 ETH payout + 5-7 ETH in rewards. A cool 8-10 ETH payout on a daily or hourly basis depending on their hashing power.

I ended up buying hashing power on NiceHash and pointed that to my miner address on Ethpool. I bought it with Bitcoin and sent it to my NiceHash account. I purchased about 80-120 GH/s for a period of 3 days. The length depends on how much Bitcoin you paid. You can change the hash power on the fly but the higher you go the faster your Bitcoin is consumed. If you stop the lease before all of your allocated Bitcoin is spent you get to keep the leftover Bitcoin. It works kind of like a Taxi service where the meter is running.

So I had the NiceHash 80-120 GH/s miner along with all my rigs mining on Ethpool and within a few hours I was at the top and got a 3.2 ETH payout. And I did not get a reward. That was an expensive lesson to learn. I dropped Ethpool right after I got my payout and went to Nanopool and then after that Ethermine. Been with Ethermine ever since. I also mined ZCASH on Flypool for about 2 weeks with my Nvidia cards. Earned about 3.5 ZEC in that period. ZEC mining is not possible with a GPU anymore.

Mining was a bad idea in 2018.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 25, 2021, 05:45:46 PM
Quote from: obsidian on February 25, 2021, 05:12:48 PM
Does it have 8GB RAM? If only 4 GB then no the Ethereum DAG file is now almost that size. It has to be loaded in the RAM of the GPU. All my GPU cards have 8 GB or more. The 1080 ti has 11 GB and then 3090 has 24 GB RAM. 6 GB cards can still mine Ethereum. You can still mine Ethereum Classic with less than 4 GB RAM.

Looks like you can make more than $2 per day mining ETH with a RX470 8 GB card today. That number goes up when there are a lot of transactions going on. Right now it is relatively quiet with Ethereum so my profits are a bit less.

https://www.cryptocompare.com/mining/calculator/eth?HashingPower=29.5&HashingUnit=MH%2Fs&PowerConsumption=100&CostPerkWh=0.12&MiningPoolFee=1

You can also check this site:

https://whattomine.com/

If you want more info I can tell you which mining pools to go to and what software to use. I'll post the configurations here.

Its an 8gig. Thanks man. Appreciate the info. My buddy tore down his rigs and has a shitload of 1080 cards. Maybe I can ask him for a few.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 25, 2021, 05:49:46 PM
https://www.msn.com/en-us/money/markets/its-too-early-to-tell-whether-this-time-its-different-applies-to-ethereum/ar-BB1e1lfX?ocid=uxbndlbing
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 25, 2021, 05:57:10 PM
Quote from: Bindare_Dundat on February 25, 2021, 05:45:46 PM
Its an 8gig. Thanks man. Appreciate the info. My buddy tore down his rigs and has a dhotnooad of 1080 cards. Maybe I can ask him for a few.
No problem. You'll have to tweak the GPU so it uses less power and overclock the RAM. Fan has to be set to about 60-70%. I flashed a custom BIOS to my RX580 cards but you can also set it with software I believe. Phoenix Miner is the one to use now or Team Red Miner. Claymore Miner stopped working. There are rumors the Russian mafia killed him lol! He's been making millions in fees off his Ethereum miner. All these miners have a developer fee of 1% or so. For 30 seconds every 1 hour I think the miner mines to their wallet. And then it goes back to your wallet.

If you can get the RX470 to mine at 29-30 MH/s and only use 90-100 watts it would be a good setup.

https://ethermine.org/start

This is an old video...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 25, 2021, 06:06:13 PM
Quote from: Bindare_Dundat on February 25, 2021, 05:45:46 PM
Its an 8gig. Thanks man. Appreciate the info. My buddy tore down his rigs and has a shitload of 1080 cards. Maybe I can ask him for a few.
There is a TLB bug with the Nvidia cards. I think it affect the 1070, 1080 and 1080 ti cards. The 1070 ti cards are not affected. Basically as the DAG of Ethereum increased in size the performance of the GPU cards dropped and more power has to be used to get the hash rates up. There is no fix for it because it is a limitation of the hardware. Nvidia was contacted about this and that was their response. AMD was able to provide a fix for it. That being said I did notice a small drop in hash rate with the 1070 ti and RX580 cards. But not as much as my 1070 and 1080 ti cards.

https://forums.developer.nvidia.com/t/blockchain-drivers/110847/9

Robert_Crovella
Moderator
Aug 11
Here is the reply. Please note that I likely will not be able to respond to any follow-up questions about this. Therefore, if you ask a question, and I do not respond, that is the reason. I’m not permitted to share any more details than what is presented here:

We’ve confirmed that the performance drop is due to the size of the DAG exceeding the total on-chip TLB capacity on the Pascal GPU. As a result, there is an increased number of TLB misses, which affects performance. Because the TLB is a fixed capacity hardware resource, and the ETH algorithm accesses the DAG randomly, we don’t believe there are any software optimizations that could reduce the TLB miss rate.

In the Volta generation, TLB coverage was increased by 4x, and large DAG sizes (up to ~8GB, which won’t be reached for many years) will still fit in the on-chip TLB. So these newer GPUs (Volta and beyond) will show much less performance sensitivity due to DAG size
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 25, 2021, 08:40:43 PM
http://www.coindesk.com/canadas-ci-global-files-for-what-would-be-worlds-first-ether-etf%3famp=1

Canada’s CI Global Files for What Would Be World’s First Ether ETF

If approved, the ETF would trade on the Toronto Stock Exchange under the ticker “ETHX.”

The world’s first ether exchange-traded fund (ETF) may be on the way, after CI Global Asset Management filed a preliminary prospectus in Canada on Thursday.

In an announcement, the firm said its proposed “CI Galaxy Ethereum ETF” would be the first ETF in the world to invest directly in ether, the native cryptocurrency of the Ethereum network.

If approved, the ETF would trade on the Toronto Stock Exchange (TSX) under the ticker “ETHX.”

Galaxy Digital Capital Management LP will act as the ether sub-adviser and execute trading on behalf of the ETF.

ETHX will invest directly in ether with its holdings priced using the Bloomberg Galaxy Ethereum Index, owned by Bloomberg Index Services.

“Ethereum is the leading candidate to be the base layer of Web 3.0, and ether is a growth asset that provides investors exposure to the explosion of decentralized applications,” said Mike Novogratz, chairman and CEO of Galaxy Digital, in the announcement.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 25, 2021, 11:50:13 PM
Seems like some acclerated panic selling and profit taking going on. This is going to get ugly if a small bounce gets rejected. Both look like possible  reverse cup and handle patterns forming. Bearish.  Then the FUD will really start. Snowballing effect. How many will still be buying on the dip?

Still holding my btc. All my eth now gone. That might change over the next few days.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 26, 2021, 08:03:45 AM
http://www.financemagnates.com/cryptocurrency/news/grayscale-buys-ethereum-dip-as-eth-drops-below-1600/amp/

Grayscale Buys Ethereum Dip as ETH Drops Below $1,600

The crypto asset manager purchased 15,521 Ethereum in the last 24 hours.

Grayscale, the world’s largest digital assets manager, purchased nearly $25 million worth of Ethereum (ETH) in a single day after the price of ETH dropped below $1,600. ETH has dipped nearly 20% in the last 5 days.

According to the latest data published by crypto analytics firm, Bybt.com, Grayscale has accumulated a total of 15,521 ETH in the last 24 hours in an effort to take advantage of the recent crash in ETH. As of writing, the world’s second-largest cryptocurrency is trading near $1,600 with a total market cap of $185 billion.

The crypto asset manager now holds 3.17 million ETH with a total value of more than $5.1 billion. Grayscale purchased 238,784 ETH in the last 30 days. The firm reopened its ETH Trust in late January 20Grayscale has accelerated its efforts to accumulate ETH in the last few months.

Recently, the company released a report on ETH and highlighted the potential benefits of ETH 2.0. Michael Sonnenshein, CEO of Grayscale mentioned in December 2020 that the institutional interest in ETH-related investment products has grown significantly.

Grayscale’s total digital assets are valued at approximately $38.7 billion. The value of the company’s digital assets has dropped by more than $4 billion in the last 5 days. Despite the recent dip, Grayscale’s crypto assets have grown significantly since the start of 2021 as the company started this year with $20 billion worth of digital assets under management.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 26, 2021, 12:28:25 PM
I do like Bitcoin and will get some when alt coins have caught up a bit. I feel like the BTC market cap is just too dominant right now. Also the potential return on investment will be less compared to smaller market cap alts like Cardano. Cardano has been on a roll lately. 72% of Cardano is staked which helps to keep the price stable.

https://www.arabianbusiness.com/banking-finance/459254-dubai-crypto-fund-says-to-dump-750m-worth-of-pretty-useless-bitcoin

Dubai-based FD7 Ventures, a global crypto investment fund with $1 billion under management, on Friday announced plans to sell off $750 million worth of its Bitcoin holdings over the next 30 days to increase positions in Cardano and Polkadot.

According to the company, the increase in these altcoin holdings will better serve the needs of FD7 investors who are looking to diversify their portfolios in the growing cryptocurrency space.

“Aside from the fact that Bitcoin was first to market and society has given it meaning as a store of value, I think Bitcoin is actually pretty useless,” said Prakash Chand, managing director at FD7 Ventures.

“Projects such as Cardano, Polkadot and Ethereum are the foundation of the new internet and Web 3.0,” he added.

The FD7 Ventures announcement comes as the value of Bitcoin slumped by more than 9.5 percent in the past 24 hours following the cryptocurrency’s recent surge to record highs.

The price of of the cryptocurrency is now valued at just above $46,000, down from $51,600 a day before.

The cryptocurrency reached an all-time high of $58,000 on Sunday as a series of institutional investors put their weight behind the controversial blockchain technology.

Chand, previously founder of Ask The Doctor, and Q Dhalla launched FD7 Ventures earlier this month, aiming to help investors looking to diversify their portfolios into the growing cryptocurrency space.

Investors are looking at safe havens in everything from lumber to sugar to bitcoin as the dollar depreciates.

“I’ve been lucky enough to spend lots time with the brightest minds in crypto and I’m willing to bet that each of Ethereum, Cardano and Polkadot will be more valuable than Bitcoin within the next few years,” said Chand.

Both the founder of Cardano, Charles Hoskinson, and the founder of Polkadot, Dr Gavin Wood, were part of the original seven co-founders of Ethereum.

In their current roles, Hoskinson and Wood lead projects that are regarded as having the potential for significant worldwide impact, added Chand.

FD7 Ventures, which also has offices in Toronto, said it has already begun the process of converting their Bitcoin to Cardano and Polkadot and expects to complete the conversion transactions next month.

Chand said earlier this month: “Being a purchaser of bitcoin and other cryptocurrencies since 2011, I have watched the industry mature. From family offices, to business leaders and entertainment figures, we are seeing an increased demand for investment alternatives. As the space grows, execution risk remains in both storage and custody, and vetting of credible investment alternatives. Our mission is to offer a de-risked and credible path for seasoned investors to enter the space.”

The company said it has made its first three investments in projects based out of Toronto and Dubai.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 27, 2021, 05:05:30 AM
CARDANO doing well. Up over 30% since getting in. So glad I got out of Ethereum when I did.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 27, 2021, 05:15:40 AM
Quote from: Bindare_Dundat on February 27, 2021, 05:05:30 AM
CARDANO doing well. So glad I got out of Ethereum when I did.
Yes it is doing well. There could be a correction after March 1st when the Mary Hard Fork is released. All the hype is building towards that date. I'll be buying more ADA in the dip. Ethereum will still make moves but Cardano was the main asset that moved up the past few days.

Charles Hoskinson is cocky but very smart. Listen to his thoughts here on Ethereum 2.0

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 27, 2021, 05:19:04 AM
I also have some ADA.

What are your views on Polkadot?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 27, 2021, 05:20:15 AM
Quote from: obsidian on February 27, 2021, 05:15:40 AM
Yes it is doing well. There could be a correction after March 1st when the Mary Hard Fork is released. All the hype is building towards that date. I'll be buying more ADA in the dip. Ethereum will still make moves but Cardano was the main asset that moved up the past few days.

Charles Hoskinson is cocky but very smart. Listen to his thoughts here on Ethereum 2.0



Why would it drop after the hard fork?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 27, 2021, 05:47:57 AM
Quote from: Griffith on February 27, 2021, 05:19:04 AM
I also have some ADA.

What are your views on Polkadot?

I'm not familiar with polkadot but I do know Ethereum is losing people to both ADA and polkadot for the time being.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 27, 2021, 05:52:54 AM
I follow this guy.

No screamming, no fast talking, no hype. Very good investing advice, imo.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on February 27, 2021, 07:42:36 AM
Quote from: Bindare_Dundat on February 25, 2021, 03:53:01 PM
I wouldn't be surprised to see eth drop significantly lower  for the short term

I wouldn't be surprised if Cardano passes up Ethereum in market share over the next 12 months.

Of course with Bitcoin you don't have to worry about this because it stands alone and has a giant moat.

I expect a dog fight between that next tier which includes Ethereum, Cardano and Polkadot. I wish the best of luck for people who choose to speculate on who comes out on top.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 27, 2021, 08:22:29 AM
Quote from: polychronopolous on February 27, 2021, 07:42:36 AM
I wouldn't be surprised if Cardano passes up Ethereum in market share over the next 12 months.

Of course with Bitcoin you don't have to worry about this because it stands alone and has a giant moat.

I expect a dog fight between that next tier which includes Ethereum, Cardano and Polkadot. I wish the best of luck for people who choose to speculate on who comes out on top.

 I'm not concerned with bitcoin. Its a long term investment and it will do well for those holding.
If ETH continues this slow bleed for the next week or so, I think.its possible to see a dramatic drop down as more people shift their money around to alternatives.

Potential for $1100 Eth is a real possibility  imo.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on February 27, 2021, 08:42:36 AM
Quote from: Bindare_Dundat on February 27, 2021, 08:22:29 AM
I'm not concerned with bitcoin. Its a long term investment and it will do well for those holding.
If ETH continues this slow bleed for the next week or so, I think.its possible to see a dramatic drop down as more people shift their money around to alternatives.

Potential

 $1100 Eth is a real possibility  imo.

It wouldn't surprise me.

A few years ago it was Neo, EOS, IOTA, Tron and others that were "all the rage" and youtube videos were being produced with these fantastical price predictions (based on very little fundamental value imo)

Ethereum is not immune to this because of the competition it is surrounded by.

Bitcoin has no competition so long time holders don't have to worry about that.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 27, 2021, 08:44:11 AM
https://dailyhodl.com/2021/02/27/crypto-giant-grayscale-buys-709000000-in-bitcoin-and-ethereum-in-less-than-a-month/

Crypto Giant Grayscale Buys $709,000,000 in Bitcoin and Ethereum in Less Than a Month

Digital asset manager Grayscale has added hundreds of millions of dollars worth of Bitcoin (BTC) and Ethereum (ETH) to its crypto portfolio in the last few weeks.

According to crypto trading and intelligence platform Bybt, the crypto behemoth tallied up an additional 7,280 BTC worth $348.28 million and 240,000 Ethereum worth $361.5 million to its crypto holdings from February 1st to February 26th.

In total, Grayscale pushed its total GBTC and ETHE holdings by $709.2 million this month.

As for the company’s Ethereum Trust (ETHE), Grayscale started the month of February with 2.93 million ETH in its portfolio. By February 26th, the company pushed up its total ETH holdings to 3.17 million.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight on February 27, 2021, 01:08:16 PM


How is fake coins situation in Nairobi (Kenya)  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 27, 2021, 01:24:27 PM
Quote from: polychronopolous on February 27, 2021, 08:42:36 AM
It wouldn't surprise me.

A few years ago it was Neo, EOS, IOTA, Tron and others that were "all the rage" and youtube videos were being produced with these fantastical price predictions (based on very little fundamental value imo)

Ethereum is not immune to this because of the competition it is surrounded by.

Bitcoin has no competition so long time holders don't have to worry about that.
Funny thing is EOS and TRON were labeled Ethereum killers. Look where they are now. Ethereum has been around since 2013. Cardano came out in 2017 and the price tanked from a high of $1.50 or so down to a few pennies in 2018-2019.

Also right now people are buying ADA on the hype. It does not have any real projects running so we'll have to see how it performs in the real world.

Hoskinson claims governance makes it better than Ethereum and Bitcoin. Note that both Bitcoin and Ethereum do not have governance built in. Go read up on the pros and cons of governance. It is not a sure bet that it is a superior method to roll out updates.

There are also rumors that Cardano scammed a bunch of Japanese investors. They did an ICO in Japan to avoid the SEC calling them a security. You could never mine ADA. So it is like XRP in some ways where an initial coin or token offering was launched.

The SEC has already claimed that Ethereum and Bitcoin are not securities.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 27, 2021, 01:35:23 PM
Quote from: Griffith on February 27, 2021, 05:19:04 AM
I also have some ADA.

What are your views on Polkadot?
I have not looked into it much. Can't buy it on Binance and the Coinbase fees are too damn high to get in on it for me. I wish Binance offered it. But they probably want to push their Binance Smart Chain. I would not be surprised if Binance starts playing dirty with Cardano like they did with Ethereum once Cardano is live with their projects. Remember Binance stopped Ethereum trading recently for a period with the lie that it was congested - which it was not. Binance basically forked Ethereum and centralized it for the speed and lower fees. So how can you call something DEFI or Decentralized Financing when it is Centralized? That's CEFI! Like banks and lenders which we are trying to move away from!

The Polkadot founder also split from Ethereum like the Cardano founder. All three including Buterin are rock stars in the crypto space.

There's billions or even trillions of dollars to share and I think there should be a good spirit competition. Nobody wants to see millions of investors lose all their holdings because one guy or group tries to destroy the other guy. That shit talking could lead to death threats or even worse if many are financially harmed because of some major FUD. The Polkadot guy is not talking as much shit as Hoskinson as far as I am aware. I'll have to read up on him more he is very academic with a PHD i think.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 27, 2021, 01:49:25 PM
Quote from: Bindare_Dundat on February 27, 2021, 05:20:15 AM
Why would it drop after the hard fork?
Because that is the hype that is causing the run. And nothing goes up forever. You think Cardano is the only one going 10x from here while everything else is sitting on the sidelines? I have ADA myself but don't see only ADA doing well at the expense of other projects.

Remember Cardano has not even yet hit ATH from 2018. Ethereum and Bitcoin already went past their ATH. That reason and all the hype is why it is shooting up at the moment. Combine that with a lot of Ethereum FUD and there could be a correction after hard fork because then it has been done and what do you hype now?

Also 72% of ADA is staked. That is why ADA did not do so bad recently compared to other cryptos. Because people that panicked literally could not sell their ADA like Bitcoin, Ethereum and other holders could. Their ADA is locked up in staking.

Actually it looks like ADA has already corrected. It was $1.47 a few hours ago and now $1.35. Boy would you feel like a fool converting ETH to ADA right when ADA was at $1.47.

That being said I do plan on getting more ADA and BTC. I am heavily weighed in ETH and need to spread it out a bit. I'll be looking for dips to make another entry.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 27, 2021, 03:25:24 PM
Quote from: obsidian on February 27, 2021, 01:49:25 PM
Because that is the hype that is causing the run. And nothing goes up forever. You think Cardano is the only one going 10x from here while everything else is sitting on the sidelines? I have ADA myself but don't see only ADA doing well at the expense of other projects.

Remember Cardano has not even yet hit ATH from 2018. Ethereum and Bitcoin already went past their ATH. That reason and all the hype is why it is shooting up at the moment. Combine that with a lot of Ethereum FUD and there could be a correction after hard fork because then it has been done and what do you hype now?

Also 72% of ADA is staked. That is why ADA did not do so bad recently compared to other cryptos. Because people that panicked literally could not sell their ADA like Bitcoin, Ethereum and other holders could. Their ADA is locked up in staking.

Actually it looks like ADA has already corrected. It was $1.47 a few hours ago and now $1.35. Boy would you feel like a fool converting ETH to ADA right when ADA was at $1.47.

That being said I do plan on getting more ADA and BTC. I am heavily weighed in ETH and need to spread it out a bit. I'll be looking for dips to make another entry.

Appreciate the response.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 28, 2021, 12:50:09 AM
Investment Firm Launches the First 'Crypto Hedge Fund' in Spain- Plans to Expand Across Europe, Latin America

In Spain, an investment company has begun to promote what they called the “first crypto hedge fund.” The product has been registered in Malta by Avenue Investment Crypto, headed by a crypto advocate, Martin Huete.

Investments Allocated Mainly in Bitcoin and Ethereum.

The investment company seeks to promote the fund across Spain, Portugal, and North Europe. Moreover, the second stage targets Latin America and the rest of Europe.

According to Infobae, the hedge fund “exclusively” targets qualified investors whose minimum investment starts at 100,000 euros ($120,600). However, anyone who would like to join the crypto hedge fund should prove to the firm that they hold assets for 750,000 euros ($904,900).

The fiat serving as base currency fund is the euro, and Avenue Investment Crypto clarified all profits accrue.

Firm Expects to Raise $122 Million by the End of 2021.

https://news.bitcoin.com/investment-firm-launches-the-first-crypto-hedge-fund-in-spain-plans-to-expand-across-europe-latin-america/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on February 28, 2021, 04:45:14 AM
$ 44,752.16
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on February 28, 2021, 04:56:27 AM
Party is over, 2k by the end of the year 8)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 28, 2021, 05:41:32 AM
Quote from: affeman on February 28, 2021, 04:56:27 AM
Party is over, 2k by the end of the year 8)

lol, hardly over.

Again, people were cheering when it passed the 20,000 ath. Then 30, then 40. Many seem to forget just how high its climbed and how quickly. Its a major achievement.  No doubt, if you bought near the top, you're not too happy about the current situation but people need to again be reminded that 30 to 40 percent corrections and the following climb from that to new ath is nothing new.

If it can bounce off the 42000k area  it will most likely head to new highs again by the summer. If not, theres a good chance this bull cycle will cool off considerably as most people who entered late head for the exits and things snowball. Overall though, BTC isnt going anywhere and the next cycle will exceed this current one in regards to ath's. 


The 1.9 trillion dollar stimulus will be a factor as well.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 28, 2021, 05:56:06 AM
After forming a decent reverse cup and handle on the 4 hour chart, Ethereum did head lower and is now testing the low 1340 support area. if it goes below that I would reckon a precipitous drop as its currently roughly 10% below a major ascending trend line and dropping. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 28, 2021, 06:55:35 AM
A lot of institutional investors are still buying BTC and ETH which is at least a good sign for the long-term.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 28, 2021, 07:22:43 AM
A little update from my connections (and they are good).

Institutions and funds are continuing to quietly accumulate in stealth mode. Not everyone want to (or need to) announce their buys.

Musk and Larry Ellison, among many others are quietly acquiring Bitcoin, through various ways. Again, stealth is the key.

Over in Asia, we are seeing very interesting things in China. The Government is putting out various types of "anti-bitcoin" social media messaging, yet there has been an absolute surge in the elite, wealthy and educated in wanting to acquire Bitcoin. (Think the same types who have property outside of China already, kids who have studied in the US, secret "2nd passports" (as officially not allowed). Fascinating to see this evolve - we are taking Billions and Billions of Yuan seeking a haven in BTC. Maybe made even stronger due to concerns about the Chinese digital currency (which will monitor and control each and every citizen).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 28, 2021, 07:44:08 AM
Quote from: gib on February 28, 2021, 07:22:43 AM
A little update from my connections (and they are good).

Institutions and funds are continuing to quietly accumulate in stealth mode. Not everyone want to (or need to) announce their buys.

Musk and Larry Ellison, among many others are quietly acquiring Bitcoin, through various ways. Again, stealth is the key.

Over in Asia, we are seeing very interesting things in China. The Government is putting out various types of "anti-bitcoin" social media messaging, yet there has been an absolute surge in the elite, wealthy and educated in wanting to acquire Bitcoin. (Think the same types who have property outside of China already, kids who have studied in the US, secret "2nd passports" (as officially not allowed). Fascinating to see this evolve - we are taking Billions and Billions of Yuan seeking a haven in BTC. Maybe made even stronger due to concerns about the Chinese digital currency (which will monitor and control each and every citizen).

There have been a lot of giant withdrawls from mining pools lately which correlates with your comment.  But lets be real, the long trading looks ugly right now.  See how things pan out in the next couple of days.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 28, 2021, 08:18:55 AM
https://news.bitcoin.com/institutional-investors-crypto-exchange-traded-products-assets/

Institutional Investors Pile Into Crypto Exchange-Traded Products: Managed Assets Rise to $44 Billion This Month

The total assets under management across all crypto exchange-traded products (ETPs) worldwide have risen 50% this month to nearly $44 billion.

Most of the investments into crypto exchange products are made by institutional investors, particularly hedge funds.

In its Q4 2020 report, Grayscale wrote that “Institutions are here,” noting that institutions accounted for 93% of all its capital inflows during the period.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on February 28, 2021, 09:43:03 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on February 28, 2021, 12:10:48 PM
Quote from: FitnessFrenzy on February 28, 2021, 09:43:03 AM


Bitboy  ::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight on February 28, 2021, 12:18:29 PM


OMG, if gib (G.Vince) relocates to Afro planet, fake coin could colapse  :'( :'( :'(
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 01, 2021, 12:18:20 AM
For you Mr Anabolic:

https://seekingalpha.com/article/4400007-how-and-why-bitcoin-become-new-reserve-currency
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on March 01, 2021, 05:16:32 AM
Bitcoin could become the “currency of choice for international trade”, says Citi

US banking giant Citi has authored a new report which suggests bitcoin could become “an international trade currency” as it evolves.

The report, entitled “Bitcoin: At the Tipping Point”, charts the evolution of bitcoin from a form of payment to its current status as a store of value. The authors forecast that bitcoin’s core properties combined with its global reach and neutrality could see it morph into the “currency of choice” for international trade in around seven years.

“Perceptions about what makes bitcoin important continue to evolve and create new opportunities while increasing its perception towards becoming mainstream,” the report states.

“A focus on global reach and neutrality could see bitcoin become an international trade currency. This would take advantage of bitcoin’s decentralized and borderless design, its lack of foreign exchange exposure, its speed and cost advantage in moving money, the security of its payments, and its traceability.”

Citi’s report explain that bitcoin, in the role of a global trade currency, could be used by importers and exporters to pay for goods and services directly – simplifying the process of international trade. A decentralized cryptocurrency may be preferred to a Central Bank Digital Currency, it argues, because “no government or outside entity can take steps that might affect the supply of the trade currency, helping to decouple trade from political considerations.”

Citi’s researchers noted, however, that a number of potential barriers stand in the way of this vision coming to fruition.

The report highlighted bitcoin’s scalability issues, pointing to 2020 analysis which suggests that bitcoin can handle on average 5 transactions per second – which is some 4,800 times slower than the Visa network’s capacity.

Increased adoption by institutional investors has been a big tailwind for bitcoin in the past year, the report states, but a range of potential risks could derail uptake.

“The entrance of institutional investors has sparked confidence in cryptocurrency but there are still persistent issues that could limit widespread adoption,” the report states.

“For institutional investors, these include concerns over capital efficiency, insurance and custody, security, and ESG considerations from bitcoin mining.”

The report concludes by stating that bitcoin is as “the tipping point of its existence”, noting that its evolution will have wide-ranging repercussions.

https://www.theblockcrypto.com/post/96599/bitcoin-international-trade-currency-citi
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 01, 2021, 09:02:58 AM
Kevin Oleary from Sharktank,  just  stated hes supportive of bitcoin and cryprto after shitting all over it for the longest time
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 01, 2021, 03:44:10 PM
Twitter may be purchasing 1.2 billion in bitcoin.

Passed 50k
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 01, 2021, 04:53:54 PM
https://cnots.com/2021/02/25/scaling-coming-to-ethereum-in-march-optimism-announces-mainnet-launch/

Ethereum (ETH) fans are celebrating the news that Ethereum scaling solution, Optimism, is now set to launch on the network’s mainnet next month, ahead of schedule. But what does this mean both for Ethereum and its users?

“Mainnet in March. Scaling is coming to Ethereum,” commented SetProtocol product marketing manager Anthony Sassano on the latest announcement by Optimism: the team has said that they’ll be launching arbitrary contract deployment on mainnet in March instead of public testnet, with details to follow.

So what’s the big deal? Layer 1 (L1) is the base protocol (the Ethereum blockchain), while Layer 2 (L2) is any protocol built on top of Ethereum. Optimism is an L2 scaling solution, which allows for the Ethereum mainnet to be ‘unburdened’ from the great number of transactions it has to process. It uses optimistic rollups to achieve lower fees and latency, as well as greater throughput compared to Ethereum L1 alone. The team behind Optimism was funded by venture firm a16z (Andreessen Horowitz) back in November – a round that enabled the latest Optimism hires and with them, expedited timeline, the team said.

“I’m not sure if people realize how huge a deal this is. Moving from L1 Ethereum to optimistic rollups is like going from dial-up to broadband,” argued Redditor frank__costello, adding that L2 solutions are likely to have a greater impact on the end-user than Ethereum 2.0. “No more crazy gas fees, no more waiting for transactions to get mined.”

Furthermore, unlike the already existing L2 solutions, some of which are sidechains of Ethereum, some state channels, either prompting centralization questions or are unable to scale smart contracts, Optimism utilizes rollups, much praised by Ethereum co-founder Vitalik Buterin. He said that “that rollups will be the dominant scaling paradigm for at least a couple of years,” proposing “rollups on top of sharding” for ETH 2.0.

Rollup is a scaling technique that keeps transaction data on-chain in a compressed form, with the computation pushed off-chain, leaving the computation, such as signature verification, contract execution, zero-knowledge (ZK) proof execution, and others, to be verified in a ZK-Rollup or Optimistic Rollup. These would theoretically allow more transactions per second (TPS) – thousands compared to the current tens. Once Phase 1 of ETH 2.0 is introduced, the number will go as high as 100,000 TPS, Buterin suggested.

It is estimated that existing dapps on Ethereum can simply copy/paste their code to Optimism and migrate to it starting March, while Coinbase wallet already offered support for the solution.

Additionally, a16z described Optimism as “an extension of Ethereum, [with] adherence to Ethereum development paradigms, [which] results in a very easy transition for developers, wallets and users.”

Ethereum supporters are also arguing that this means death for a number of other chains, naming Binance Smart Chain, Polkadot (DOT), Avalanche (AVAX), and Solana (SOL) as a few. Others added that it’s the competition, such as Cardano (ADA), that has accelerated Ethereum scaling.

And as this was developing, Ethereum core developers are looking at April 15 as the date for the upcoming Berlin hard fork. This upgrade encompasses five Ethereum Improvement Proposals (EIP), including updates to gas cost efficiencies and the Ethereum Virtual Machine (EVM). The first testnet in the series is expected to fork in the first half of March.

At the time of writing (12:57 PM UTC), ETH trades at USD 1,636 and is down by 4% in a day and 11.5% in a week. It rallied by 23% in a month and 516% in a year.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 01, 2021, 05:11:14 PM
Quote from: Bindare_Dundat on February 27, 2021, 08:22:29 AM
I'm not concerned with bitcoin. Its a long term investment and it will do well for those holding.
If ETH continues this slow bleed for the next week or so, I think.its possible to see a dramatic drop down as more people shift their money around to alternatives.

Potential for $1100 Eth is a real possibility  imo.
That would make it a bargain price. There are lots of immediate upgrades in the pipeline for Ethereum. First the layer 2 scaling solution called Optimism in March (15th?) and then Berlin fork in April. Then there is also the EIP-1559 proposal for around June / July. All these will address the high gas fees and transactions speed. From what I read Ethereum will then be able to handle 1000s per second instead of 21. Bitcoin can handle I think 7 per second.

There is also a lot of FUD about Ethereum. Some people spreading the FUD are hoping for the price to drop so they can get more ETH. Then once they have accumulated what they wanted they'll start FOMO'ing the hell out of it to raise the price up. Go look at some of the youtube channels. They are completely bipolar. One day the price is going to the moon and the next day they say the sky is falling. LOL! They do the same with Bitcoin and other cryptos.

I am not sure how far Ethereum 2.0 is but I would expect the Ethereum developers to start moving their asses now that competition is heating up. In the meantime I'll be mining as much ETH as possible because it is not going to last. Proof of Work for Ethereum will come to an end.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 01, 2021, 05:18:25 PM
https://cryptoticker.io/en/binance-smart-chain-doubts/

Binance Smart Chain Topped Up Ethereum’s Transaction – But Did It?

Binance Chief Changpeng Zhao surprised the crypto world on Feb 10, when he announced that the Binance Smart Chain has flipped the Ethereum daily transactions count or transactions volume. It was met with both enthusiasm and astonishment from the community. However, doubts are being cast upon the claim and transaction spoofing is suspected.
https://twitter.com/cz_binance/status/1359347606183313414?s=19

Then recently, it was claimed again that the BSC now does 3 times the transactions carried out on the Ethereum blockchain. Though, this isn’t apparent on charts detailing the value moving across networks. According to Money Movers website, the Binance’s blockchain doesn’t register in the top 4 blockchains by settled value.
https://twitter.com/cz_binance/status/1362955442624684035

The question arises as to where all these transactions are going, if they aren’t moving much value by themselves. The native token BNB isn’t inflationary and isn’t incentivizing the network by producing new share units and the fees is negligible. Further, the average fees isn’t rising on the BSC chain, something which is largely unheard off in the blockchain technology.

Generally, blockchains have an auction type mechanism, which prioritizes the activity on the network and prevents the network from being spammed with junk transactions. This is exactly how average fees increases with the activity on the network and vice versa. If the network isn’t congested, low fees is a common scenario.

However, heightened activity will quickly change that. Even if the fees doesn’t drastically rise and the network is highly scalable, it is still supposed to respond to the change in network activity by increasing the fees than before.

BSC shows no such correlation, despite claiming to process 3 times the transactions of the Ethereum mainnet. So, how just how scalable is Binance Smart Chain and why doesn’t it act like a normal blockchain?

What Is Binance Smart Chain?

Amidst the bull market, Binance Smart Chain (BSC) has seen meteoric rise lately. An initiative of the world’s largest centralized exchange Binance, the BSC is a fork of the Ethereum blockchain with a Proof of Staked Authority (PoSA) consensus mechanism and seamless compatibility with Ethereum Virtual Machine (EVM).

It relies on 21 validators with the large BNB token holdings, who process transactions on the network. These validators are mostly assumed to be Binance-operated entities, since the BNB token distribution is skewed in favor of the founders/team and validators are approved by the exchange. It’s essentially permissioned and in-arguably centralized.

The high throughout and negligible fees are attained through the same, as fewer nodes can provide immense computational power without getting clogged. Binance returns around 30% of the fees paid to the smart contract deployers to finance continued interest and aligned incentives. The remaining fees generated is returned to the exchange.

Binance Smart Chain And The Ethereum Angle

Binance Smart Chain has gained popularity largely due to the high transaction fees on the Ethereum blockchain, though Layer2 solutions have come online and are in the process of initial onboarding of users or in adoption phase. Due to the fact that the former has negligible fees, the users who can’t afford the Ethereum mainnet fees have shifted over to blockchain.

An Ethereum clone, BSC offers onboarding users with the same Ethereum address that they use on the native blockchain. It also offers a Uniswap clone PancakeSwap, Etherscan clone BscScan, MetaMask compatibility and some DApps that are available on both blockchains. There are a couple of BSC-only projects available, though their numbers are limited.

Large Numbers Of Failed TXs Are Likely Inflating Volume

It’s been pointed out that the astronomical transaction volume and subsequent surpassing of Ethereum chain in that metric might be a result of spoofing through sending a large number of failed transactions, therefore spamming the Binance Smart Chain to inflate volume.

For anyone who thinks the activity on #BSC is actually real, check this out

This one contract alone has had 680k failed transactions spammed to it within the past 17 hours
https://bscscan.com/txs?a=0x21fa8ca35441e70ad1137fa3c1365c994f2b7c23&p=8

@cz_binance please enlighten me and explain this obviously fabricated activity

https://twitter.com/ChainLinkGod/status/1362843157512089600?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1362843157512089600%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fcryptoticker.io%2Fen%2Fbinance-smart-chain-doubts%2F

(https://cdn-aonan.nitrocdn.com/AnqcfnxssqDCBWjeLYOlExgduLkzGeZh/assets/static/optimized/rev-5fba521/sites/8/Capture-123.jpg)

https://bscscan.com/address/0x21fa8ca35441e70ad1137fa3c1365c994f2b7c23 (https://bscscan.com/address/0x21fa8ca35441e70ad1137fa3c1365c994f2b7c23)

Now, activity like this on a decentralized exchange Uniswap would incur fees and become prohibitively expensive. However, it is of little operational consequence on BSC with negligible fees and controlled design. As a result, the final numbers appear higher than they really are.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 01, 2021, 07:51:07 PM
https://stakers.info/

Stakers.info

What's securing your blockchain?

Number of Validators:

Ethereum 2.0
102,337

Cardano
1,986

Tezos
402

Polkadot
297

Cosmos Hub
125

Nano
116
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 01, 2021, 08:08:30 PM
This is interesting!

TIMESTAMPS
00:00​ Intro
01:23​ Ethereum news
03:22​ DeFi news
18:25​ Coinbase IPO
19:19​ Regulation
21:47​ Other Blockchains news (Fantom)
22:25​ News for developers
33:55 Q&A

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 02, 2021, 05:49:00 AM
Quote from: obsidian on March 01, 2021, 05:11:14 PM
That would make it a bargain price. There are lots of immediate upgrades in the pipeline for Ethereum. First the layer 2 scaling solution called Optimism in March (15th?) and then Berlin fork in April. Then there is also the EIP-1559 proposal for around June / July. All these will address the high gas fees and transactions speed. From what I read Ethereum will then be able to handle 1000s per second instead of 21. Bitcoin can handle I think 7 per second.

There is also a lot of FUD about Ethereum. Some people spreading the FUD are hoping for the price to drop so they can get more ETH. Then once they have accumulated what they wanted they'll start FOMO'ing the hell out of it to raise the price up. Go look at some of the youtube channels. They are completely bipolar. One day the price is going to the moon and the next day they say the sky is falling. LOL! They do the same with Bitcoin and other cryptos.

I am not sure how far Ethereum 2.0 is but I would expect the Ethereum developers to start moving their asses now that competition is heating up. In the meantime I'll be mining as much ETH as possible because it is not going to last. Proof of Work for Ethereum will come to an end.

Thanks for your insight.

Ill be jumping back into Eth as soon more volume comes in and can push the prices past their pockets of resistance. Right now, things still look weak. Not enough juice to push nd stay past 50k right now

i only watch 2 youtubers regularly for crypto news. Most are shit and full of bots in the comments. complete scammy garbage.


Came across this today, which unfortunately. isn't very bullish news.  Regaarding Gary Gensler becoming head of SEC. We saw what happened to XRP.

At an MIT conference in 2018, Gensler posited that Ripple's XRP and Ethereum's ether (ETHUSD) should be deemed securities. Since then, former commissioner William Hinman clarified that ether was sufficiently decentralized to not be counted as a security. Ripple's XRP, however, is still under the SEC scanner. Back then, Gensler predicted that the courts would ultimately decide XRP's fate as a security. That event is already in motion, and his agency will have a big hand in deciding its outcome.

In some respects, at least as far as cryptocurrencies and blockchain are concerned, Gensler's job as SEC czar will be similar to his assignment at CFTC: bringing order to an unruly ecosystem. After the Glass-Steagall Act was repealed during the Clinton Presidency, the derivatives industry ballooned into a multi-trillion dollar Wild West. Gensler went after criminals and established tough rules to ensure protection for investors.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 02, 2021, 06:51:38 AM
https://www.financemagnates.com/cryptocurrency/news/grayscale-accelerates-ethereum-accumulation/

Grayscale Accelerates Ethereum Accumulation

The world’s largest crypto assets manager purchased 3,347 Ethereum in the last 24 hours.

Grayscale has expanded its Ethereum Trust with the purchase of 19,355 ETH in the last 7 days. The digital assets manager now has 3.17 million ETH under management with a total worth of nearly $4.86 billion.

According to the latest data published by the crypto analytics platform, Bybt.com, Grayscale purchased 3,347 Ethereum worth approximately $5.2 million in the last 24 hours.

The asset manager has accelerated its ETH accumulation since the reopening of its Ethereum Trust in January 2021. The firm purchased 243,519 ETH worth more than $380 million in the last 30 days.

Additionally, the data from Bybt.com shows that Grayscale bought ZEC, ZEN and XLM in large amounts yesterday. The company has a total of 303,000 ZEC, 604,000 ZEN and 63 million XLM under management.

Despite the reason that Bitcoin and Ethereum account for more than 90% of Grayscale’s total digital assets under management, the company is now planning to add other cryptocurrency assets as well.

In a recent press release, Grayscale mentioned that it is considering 23 digital assets including Aave, Chainlink, Polkadot, Cardano and EOS for new investment products.

“We’re eager to expand our product offerings to better serve our investors. The digital currency universe is constantly evolving and we seek to identify bold, interesting and innovative opportunities that satisfy our investors’ demand for differentiated exposure to this burgeoning asset class,” Michael Sonnenshein, CEO of Grayscale mentioned in the announcement.

Ethereum registered an all-time high of $2,020 in February this year. The world’s second-largest crypto asset is now hovering around $1,560 with a total market cap of more than $180 billion.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 02, 2021, 08:45:16 AM
https://www.coindesk.com/new-ethereum-based-derivatives-trading-platform-wins-eus-mifid-license

New Ethereum-Based Derivatives Trading Platform Wins EU’s MIFID License

CloseCross claims this is the first such license to be granted to a blockchain-based derivatives trading platform.

CloseCross, a derivatives trading platform built on the Ethereum blockchain, has been granted a European Union MIFID license ahead of its market launch later this month.

According to an announcement emailed to CoinDesk on Tuesday, this is the first time the license has been granted to a blockchain-based derivatives trading platform.

When live, CloseCross will offer multiparty derivative contracts for global stock market indices, cryptocurrency, forex rates, commodities, stock prices, interest rates and others.

The company said it developed and patented its platform, on which traders can enter derivative contracts “without the need of major banks issuing derivatives or having to take on leverage.”

The Ethereum blockchain provided CloseCross with the tech base to “entirely automate the derivatives sector and replace the centralized derivative issuers entirely”, Vabihav Kadikar, CEO of the London and Malta-based company, told CoinDesk.

Kadikar also cited the importance of “creating an immutable trust layer” through smart contracts in the automated calculations and fund flows when multiple traders are entering into a single multiparty derivative contract.

The EU’s second Markets in Financial Instruments Directive, or MIFID II, is designed to increase protection for investors through adding greater transparency to costs and record keeping in over-the-counter (OTC) trading.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 02, 2021, 10:05:56 AM
https://decrypt.co/59915/canadian-bitcoin-etf-issuer-evolve-plans-ethereum-etf?&utm_medium=referral&utm_campaign=feed&utm_source=coinmarketcap

Canadian Bitcoin ETF Issuer Evolve Plans Ethereum ETF

Evolve has filed a preliminary prospectus with the Canadian securities regulators to create an Ethereum ETF.

Evolve, the company behind Canada's second Bitcoin ETF, has filed with the Canadian securities regulators for an Ethereum ETF. The exchange-traded fund would enable investors to get exposure to the price of Ethereum without holding the cryptocurrency itself.

"As a leader in disruptive innovation, we look forward to providing Canadian investors with access to another leading cryptocurrency through an ETF structure," said Evolve CEO Raj Lala, in a press release.

An ETF, or exchange-traded fund, is typically a basket of securities that is tradeable on an exchange; in this case, the underlying security will be the Ethereum cryptocurrency.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 02, 2021, 12:27:03 PM
F2POOL (Chinese miner) apparently at it again selling BTC, keeping it below $50,000.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 02, 2021, 12:53:16 PM
Quote from: Bindare_Dundat on March 02, 2021, 05:49:00 AM
Thanks for your insight.

Ill be jumping back into Eth as soon more volume comes in and can push the prices past their pockets of resistance. Right now, things still look weak. Not enough juice to push nd stay past 50k right now

i only watch 2 youtubers regularly for crypto news. Most are shit and full of bots in the comments. complete scammy garbage.


Came across this today, which unfortunately. isn't very bullish news.  Regaarding Gary Gensler becoming head of SEC. We saw what happened to XRP.

At an MIT conference in 2018, Gensler posited that Ripple's XRP and Ethereum's ether (ETHUSD) should be deemed securities. Since then, former commissioner William Hinman clarified that ether was sufficiently decentralized to not be counted as a security. Ripple's XRP, however, is still under the SEC scanner. Back then, Gensler predicted that the courts would ultimately decide XRP's fate as a security. That event is already in motion, and his agency will have a big hand in deciding its outcome.

In some respects, at least as far as cryptocurrencies and blockchain are concerned, Gensler's job as SEC czar will be similar to his assignment at CFTC: bringing order to an unruly ecosystem. After the Glass-Steagall Act was repealed during the Clinton Presidency, the derivatives industry ballooned into a multi-trillion dollar Wild West. Gensler went after criminals and established tough rules to ensure protection for investors.
Yes that's a good idea. I would be cautious until there are clear signs we are still in a bullish trend.

The SEC already stated Ethereum is not a security. Along with Bitcoin.

Their job is to protect investors. Since they came out and stated it is not a security they would harm investors if they changed their stance all of a sudden. One could then argue that the SEC misled investors.

Some think Ethereum 2.0 could reclassify Ethereum as a security because it would switch from proof of work to proof of stake. However ETH 1.0 tokens would automatically be converted to ETH 2.0 tokens and many of those tokens came from proof of work activities. So I am not sure how they would be able to justify that. Plus decentralized staking validators will be required. These validators are hardware devices that consume electricity and require an internet connection. So that is still work done by investors. So it fails number 4 of the Howey Test IMO.

Cardano never even had proof of work. So that is more at risk of being a security than Ethereum.

But we'll see what happens.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 02, 2021, 01:24:15 PM
LMAO!  ;D

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 02, 2021, 01:57:18 PM
Quote from: obsidian on March 02, 2021, 01:24:15 PM
LMAO!  ;D



The techno one was is pretty funny too.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 02, 2021, 05:54:04 PM
Quote from: Griffith on February 24, 2021, 08:53:28 PM
Do you still see Ehereum reaching 20k by end of year or January?

Yes, for the end of this bull market cycle. But that’s me.

The overwhelming social media opinion is ETH will crash to 600 or less.

Make of it what you will.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 02, 2021, 10:31:36 PM
https://www.coindesk.com/amazon-managed-blockchain-at-last-supports-ethereum-ending-a-two-year-tease

Amazon Managed Blockchain at Last Supports Ethereum, Ending a Two-Year Tease

Amazon Web Services (AWS) “managed blockchain” service now supports Ethereum out of the box, some two years after the integration was first hinted at in 2018.

“With this launch, AWS customers can easily provision Ethereum nodes in minutes and connect to the public Ethereum main network and test networks such as Rinkeby and Ropsten,” AWS said in a blog post Tuesday.

Amazon Managed Blockchain also supports Hyperledger Fabric, a permissioned blockchain network intended for enterprise applications.

“With Amazon Managed Blockchain, customers get secure networking, encryption at rest and transport, secure access to the network via standard open-source Ethereum APIs, fast and reliable syncs to the Ethereum blockchain, and durable elastic storage for ledger data,” the blog posts add.

There are over 8,300 Ethereum nodes currently on the Ethereum network, according to Etherscan. Nodes keep consensus on the ledger, check transactions, and protect the network against hostile actors. A higher number of geographically and systematically separate nodes is generally considered healthy for the network.

“It’s an incredible signal for the value of Ethereum in modern applications to have a big player like AWS get serious about tooling,” Infura head of product Mike Godsey said a message to CoinDesk after publication. “This will inevitably expand the developer base using this technology and that is great for the whole ecosystem.”
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 03, 2021, 05:48:44 AM
Well that little "crash" put Mr A into a tizzy. So, fun while it lasted but we look like getting back to over 50,000 very soon.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on March 03, 2021, 06:21:05 AM
Quote from: gib on March 03, 2021, 05:48:44 AM
Well that little "crash" put Mr A into a tizzy. So, fun while it lasted but we look like getting back to over 50,000 very soon.

When an asset class which is in a very strong uptrend has a pullback, it usually makes a second top. After that, we’ll  see.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on March 03, 2021, 11:06:58 AM
$ 51,133.05
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: sync pulse on March 03, 2021, 11:21:24 AM
Quote from: Thin Lizzy on March 03, 2021, 06:21:05 AM
When an asset class which is in a very strong uptrend has a pullback, it usually makes a second top. After that, we’ll  see.

Elliot wave?...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on March 03, 2021, 01:39:56 PM
Quote from: sync pulse on March 03, 2021, 11:21:24 AM
Elliot wave?...

It does go along with Elliott wave theory but it’s really just a matter of bitcoin being in a really strong trend which TEND to continue.

My definition of a strong trend is when the pullback ends before hitting the prior top. In the case of Bitcoin that would be 40k:

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 03, 2021, 04:46:46 PM
Quote from: gib on March 03, 2021, 05:48:44 AM
Well that little "crash" put Mr A into a tizzy. So, fun while it lasted but we look like getting back to over 50,000 very soon.

Gold down to 1,712 and very close to erasing all of it’s gains post pandemic.

At some point it will turnaround but generally gold requires a catalyst to make it really move upwards.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 03, 2021, 06:25:31 PM
It was a good morning.  ;D if we fail to break 52k soon, could be a move back to the downside.. est target is 45k. Breakout to the upside target is 58k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 03, 2021, 06:35:11 PM
Quote from: Thin Lizzy on March 03, 2021, 06:21:05 AM
When an asset class which is in a very strong uptrend has a pullback, it usually makes a second top. After that, we’ll  see.

Lol. Well Bitcoin since its birth, has had millions of "pull backs" in historical price, including some quite significant ones. But overall, it does not just make a "second top". Rather, it makes continuous new All Time Highs and has done so millions of times. Further, it will continue to do so as it continues on its journey towards global acceptance as the ultimate decentralized store of wealth for global citizens.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 03, 2021, 06:40:46 PM
Quote from: gib on March 03, 2021, 06:35:11 PM
Lol. Well Bitcoin since its birth, has had millions of "pull backs" in historical price, including some quite significant ones. But overall, it does not just make a "second top". Rather, it makes continuous new All Time Highs and has done so millions of times. Further, it will continue to do so as it continues on its journey towards global acceptance as the ultimate decentralized store of wealth for global citizens.

Exactly. Outlook is very bullish. Unless there's some major government interference,  its just a matter of.time
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 04, 2021, 02:25:13 AM
Quote from: Bindare_Dundat on March 03, 2021, 06:25:31 PM
It was a good morning.  ;D if we fail to break 52k soon, could be a move back to the downside.. est target is 45k. Breakout to the upside target is 58k.

I see no issues in the charts providing it closes above 47k on the 4hr right now.

Next target is ballpark 78k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 04, 2021, 07:04:31 AM
Quote from: Mayday on March 04, 2021, 02:25:13 AM
I see no issues in the charts providing it closes above 47k on the 4hr right now.

Next target is ballpark 78k.

What's your time frame?  I think it just depends how much rejection around the current area of 50-52k. Either run out of short term steam or things really pick up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 04, 2021, 08:55:17 AM
Quote from: Bindare_Dundat on March 04, 2021, 07:04:31 AM
What's your time frame?  I think it just depends how much rejection around the current area of 50-52k. Either run out of short term steam or things really pick up.

Days or maybe a week.

I’d assume we see a drop down which is my preference as I just bought the last dip and I want to double my total position by buying another dip.

After this pullback is done, onward to 80k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 04, 2021, 10:21:31 AM
Quote from: Mayday on March 04, 2021, 08:55:17 AM
Days or maybe a week.

I’d assume we see a drop down which is my preference as I just bought the last dip and I want to double my total position by buying another dip.

After this pullback is done, onward to 80k.

You think there will still be more of a pullback from 46-48k?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 04, 2021, 01:13:19 PM
Quote from: Griffith on March 04, 2021, 10:21:31 AM
You think there will still be more of a pullback from 46-48k?

BTC pullback zones I had are 46.8k and 43.5k. We had a close at 43.4K last week so it was pretty close.

I’m looking at the chart now and providing we close above 47,378 in the next 3hrs the trend is still upwards. If we close below then it’s a high probability price will trend downwards.

Price targets:
46.8k
43.5k
39.5k —> this is last resistance below 40

Looking at history, in a pullback the second dip gets a lower price than the first dip. A price in the 41k-42k would be pretty normal in that scenario.

However the price floor was ballpark 38.4K on the 22nd Feb and increasing each day. The dip last week saw a stack of coins removed from exchanges so perhaps a second dip won’t be able to go as low. That’s also possible. In which case a price somewhere between 43.5-46.8 might be the outcome.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on March 04, 2021, 01:13:48 PM
Quote from: gib on March 03, 2021, 06:35:11 PM
Lol. Well Bitcoin since its birth, has had millions of "pull backs" in historical price, including some quite significant ones. But overall, it does not just make a "second top". Rather, it makes continuous new All Time Highs and has done so millions of times. Further, it will continue to do so as it continues on its journey towards global acceptance as the ultimate decentralized store of wealth for global citizens.

Sounds good and you might be right but we’ve seen this movie before. It had sharp run up in 2018, had a pullback, made another top, an even bigger pullback and then proceeded to rally from lower lows and went down the toilet. Those are the FACTS.

I don’t know that this time won’t be different but I see no reason to be cocky.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 04, 2021, 06:16:28 PM
Were at 46.3k, A 20% dip.from ath. Itd be nice to level off here and reverse.  :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 04, 2021, 06:50:17 PM
Quote from: Bindare_Dundat on March 04, 2021, 06:16:28 PM
Were at 46.3k, A 20% dip.from ath. Itd be nice to level off here and reverse.  :)

I’d wager we are about to eat shit down to 39k-42k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 04, 2021, 10:25:09 PM
Quote from: Mayday on March 04, 2021, 01:13:19 PM
BTC pullback zones I had are 46.8k and 43.5k. We had a close at 43.4K last week so it was pretty close.

I’m looking at the chart now and providing we close above 47,378 in the next 3hrs the trend is still upwards. If we close below then it’s a high probability price will trend downwards.

Price targets:
46.8k
43.5k
39.5k —> this is last resistance below 40

Looking at history, in a pullback the second dip gets a lower price than the first dip. A price in the 41k-42k would be pretty normal in that scenario.

However the price floor was ballpark 38.4K on the 22nd Feb and increasing each day. The dip last week saw a stack of coins removed from exchanges so perhaps a second dip won’t be able to go as low. That’s also possible. In which case a price somewhere between 43.5-46.8 might be the outcome.

Thanks!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 04, 2021, 11:34:30 PM
Quote from: Mayday on March 04, 2021, 06:50:17 PM
I’d wager we are about to eat shit down to 39k-42k.

Great,  now I'm going to have to sacrifice more puppies. You just jinxed it.

Thanks!  >:(
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 05, 2021, 12:37:52 AM
Quote from: Bindare_Dundat on March 04, 2021, 11:34:30 PM
Great,  now I'm going to have to sacrifice more puppies. You just jinxed it.

Thanks!  >:(

Silver lining —> If there is a bunch of us eating shit together it’s not as bad as eating shit alone.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 05, 2021, 01:18:53 AM
Quote from: Mayday on March 05, 2021, 12:37:52 AM
Silver lining —> If there is a bunch of us eating shit together it’s not as bad as eating shit alone.

Hold me. Lol


Anyway,
What a joke. Uk is a lost cause. VPN

Crypto derivatives exchange Bybit will stop serving UK clients on March 31, it said in an announcement this morning. The exchange cited new regulations for crypto-based derivatives as the reason behind the move.

“To comply with the Financial Conduct Authority’s (FCA) ban of crypto derivatives, Bybit will cease to provide services to customers from the United Kingdom,” the exchange said in its release, requesting clients to close any positions and withdraw all funds before the end of this month.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 05, 2021, 02:04:25 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 05, 2021, 03:19:30 AM
Quote from: Bindare_Dundat on March 05, 2021, 01:18:53 AM
Hold me. Lol


Anyway,
What a joke. Uk is a lost cause. VPN

Crypto derivatives exchange Bybit will stop serving UK clients on March 31, it said in an announcement this morning. The exchange cited new regulations for crypto-based derivatives as the reason behind the move.

“To comply with the Financial Conduct Authority’s (FCA) ban of crypto derivatives, Bybit will cease to provide services to customers from the United Kingdom,” the exchange said in its release, requesting clients to close any positions and withdraw all funds before the end of this month.

LOL  :D


This is where the ‘iffy’ exchanges get exposed.

Notice that instead of choosing to transform with regulations they instead say F U and cease operating openly in those countries. Shows you the level of shady shit they have going on and their need to protect their larger customer base who obviously don’t want to be known.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 05, 2021, 04:46:39 AM
Quote from: Mayday on March 05, 2021, 03:19:30 AM
LOL  :D


This is where the ‘iffy’ exchanges get exposed.

Notice that instead of choosing to transform with regulations they instead say F U and cease operating openly in those countries. Shows you the level of shady shit they have going on and their need to protect their larger customer base who obviously don’t want to be known.

Idk.

Is it iffy if you dont want to use KYC if youre tryinhg to avoid paying taxes? Also I dont know how many exchanges offer up to 100x leverage. (I actually dont, Ive only ever used one.)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 05, 2021, 06:03:34 AM
Realized I actually personally know the guy who created yfi coin and ‘yearn finance’.

He’s a compulsive liar so I don’t know how anyone can trust him with their money.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on March 05, 2021, 09:30:13 AM
John "I'll eat my dick" McAfee being extradited from Spain by US for tax evasion and "manipulating" crypto prices on his Twitter.

https://www.thesun.co.uk/news/14248696/john-mcafee-anti-virus-software-charged/



It's total BS but realize that they will assign the laws they want when they want.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 05, 2021, 10:38:52 AM
Quote from: SOMEPARTS on March 05, 2021, 09:30:13 AM
John "I'll eat my dick" McAfee being extradited from Spain by US for tax evasion and "manipulating" crypto prices on his Twitter.

https://www.thesun.co.uk/news/14248696/john-mcafee-anti-virus-software-charged/



It's total BS but realize that they will assign the laws they want when they want.

man that dude looks and sounds like a serious cokehead. lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on March 05, 2021, 11:09:57 AM
Quote from: Bindare_Dundat on March 05, 2021, 10:38:52 AM
man that dude looks and sounds like a serious cokehead. lol


For being 75 he's still pretty wound up.  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on March 05, 2021, 11:21:15 AM
Quote from: SOMEPARTS on March 05, 2021, 09:30:13 AM
John "I'll eat my dick" McAfee being extradited from Spain by US for tax evasion and "manipulating" crypto prices on his Twitter.

https://www.thesun.co.uk/news/14248696/john-mcafee-anti-virus-software-charged/



It's total BS but realize that they will assign the laws they want when they want.
Yep, there are enough laws on the books to get anyone.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on March 05, 2021, 11:49:16 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 06, 2021, 02:24:37 AM
Quote from: FitnessFrenzy on March 05, 2021, 11:49:16 AM


He is 100% right and he also.mentioned Sheldon and Digital Asset News. The only 2 guys I watch.  ;D  good.post dude


Bitboy and DaVinci as well The Moon channel are the worst offenders.They ruin people.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 06, 2021, 04:22:59 AM
https://www.newsbtc.com/news/bitcoin/ethereum-bitcoin-macro-beating-gold/

Economist: Ethereum and Bitcoin Look “Bullish” After Withstanding “Macro Beating”

Bitcoin and Ethereum are down from their recent 2021 highs, but compared to their traditional market counterparts, have shown more resilience during the recent “royal macro beating.”

Here’s why one top economist and investor says this is incredibly bullish for the two titan cryptocurrency assets.

Royal Macro Beating Can’t Take Down Bullish Bitcoin And Ethereum

This week, the stock market plunged, and precious metals saw a sharp selloff as the macro environment remains uneasy globally. Yet somehow, amidst a “royal macro beating”, Ethereum and Bitcoin have held up comparably well.

Economist and trader Alex Kruger says the resiliency is “bullish” for Bitcoin and Ethereum. The two top crypto assets have been in an uptrend for a full year now, and the recent macro jitters have been the first major bump in the road since.

Bitcoin exploded from lows around $4,000 to $58,000 per coin at the high, while Ethereum fell to under $100 and has risen to $2,000 since. The more than 10x rise, however, might be nowhere near the finish line, and holding up so well here could be the catalyst that sends the cryptocurrencies higher through the resistance level.

The Changing Of The Guard To Crypto Is Underway

The stock market is on thin ice, and precious metals cannot be upgraded or updated, and have limited use in the future as a store of value compared to cryptocurrencies.

The digital gold narrative has been working, and the steepness of the gold selloff above shows how effective the narrative has been. Crypto prices holding up so well while gold plummets, could send even more capital flowing out of metals and into the scarce digital asset.

Profit-taking in the currency overheated stock market will want to follow the money, wherever the grass is greener and profits are consistent. If that place is the crypto market, the flood gates of capital could finally be coming that helps to push Bitcoin to prices of hundreds of thousands of dollars per coin, and tens of thousands of dollars per Ether.

The nascent technologies are only now coming into their own as financial assets, and institutional investors have begun to recognize the shift from traditional assets, to digital ones, and the ones who have been early thus far have been the most profitable.

Will Bitcoin and Ethereum continue to hold up this well, or will they ultimately succumb to the continuing macro beating going on across markets right now?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on March 06, 2021, 04:29:41 AM
$ 47,672.78
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 06, 2021, 04:52:28 AM
Quote from: FitnessFrenzy on March 06, 2021, 04:29:41 AM
$ 47,672.78

its been around the 46k to 51k channel since beginning of Feb. with the exception of the short lived bump to 58k and the short lived drop to 43k.

It hasnt dropped below the price rise that happened after Elon bought in at, so far.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on March 06, 2021, 05:59:03 AM
Quote from: Bindare_Dundat on March 06, 2021, 04:52:28 AM
its been around the 46k to 51k channel since beginning of Feb. with the exception of the short lived bump to 58k and the short lived drop to 43k.

It hasnt dropped below the price rise that happened after Elon bought in at, so far.

Elon’s company dropped 40% in the last month. It bounced on Friday but is still 33% off its high:

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 06, 2021, 06:27:03 AM
Quote from: Thin Lizzy on March 06, 2021, 05:59:03 AM
Elon’s company dropped 40% in the last month. It bounced on Friday but is still 33% off its high:

im talking about bitcoin.

Anyway, good chance were dropping to the range mayday mentioned earlier. imo
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on March 06, 2021, 08:02:12 AM
Quote from: Bindare_Dundat on March 06, 2021, 06:27:03 AM
im talking about bitcoin.

Anyway, good chance were dropping to the range mayday mentioned earlier. imo

Bitcoin held up well considering the slaughter in the Tech Sector. This week should be inneresting🤔 We’ll the correlation between tech stocks and Crypto. This was not a run of the mill correction. People who bought high flyers near the top are going to be holding the bag for a long time.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 06, 2021, 12:41:51 PM
Quote from: Thin Lizzy on March 06, 2021, 08:02:12 AM
Bitcoin held up well considering the slaughter in the Tech Sector. This week should be inneresting🤔 We’ll the correlation between tech stocks and Crypto. This was not a run of the mill correction. People who bought high flyers near the top are going to be holding the bag for a long time.

Tesla stock being hammered because Wall Street doesn’t function anymore on stock valuation. It’s all speculation of an event now. Speculation of a crash. Speculation of a short. Speculation of QE. It’s all they have left to make money.

For BTC I would lean towards the price floor effect being the main reason for a divergence of BTC to stocks. In saying that we are still seeing everything dip so BTC still gets hurt.

Since March the bulk coin purchases have been removed from exchanges. It didn’t mean much in 2020 but in 2021 we are seeing shallower dips and massive buying pressure during a dip. This is the most vital piece of data for overall market stats of play.

Price floor in Feb was calculated at 39.4K meaning it would take a black swan event to break below that level. I wouldn’t be surprised to see a second leg down to the 39-42k range (most likely the higher end of that range) followed by an almost immediate recovery.

Whatever price we see this dip you will never see again. People should FOMO their brains out right now.

After this next 1-2 weeks the pullback should be over, the next BTC target is ballpark 77k. After that.....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 06, 2021, 02:52:06 PM
For the Ethereum haters....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 06, 2021, 04:10:05 PM
Quote from: obsidian on March 06, 2021, 02:52:06 PM
For the Ethereum haters....

Fuck yeah boi!

I saw it decouple last night  :D

1559 is scheduled for July. ETH will go bananas second half of this year.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on March 06, 2021, 04:34:17 PM
Placed all my ETH in an interest account. Substantial amount too. Interest will be paid in btc monthly. Still view Eth as a shitcoin so not too fussed what happens with it. The fact it can generate me more btc is its only use case for me.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on March 06, 2021, 06:01:01 PM
Quote from: Mayday on March 06, 2021, 12:41:51 PM
Tesla stock being hammered because Wall Street doesn’t function anymore on stock valuation. It’s all speculation of an event now. Speculation of a crash. Speculation of a short. Speculation of QE. It’s all they have left to make money.

For BTC I would lean towards the price floor effect being the main reason for a divergence of BTC to stocks. In saying that we are still seeing everything dip so BTC still gets hurt.

Since March the bulk coin purchases have been removed from exchanges. It didn’t mean much in 2020 but in 2021 we are seeing shallower dips and massive buying pressure during a dip. This is the most vital piece of data for overall market stats of play.

Price floor in Feb was calculated at 39.4K meaning it would take a black swan event to break below that level. I wouldn’t be surprised to see a second leg down to the 39-42k range (most likely the higher end of that range) followed by an almost immediate recovery.

Whatever price we see this dip you will never see again. People should FOMO their brains out right now.

After this next 1-2 weeks the pullback should be over, the next BTC target is ballpark 77k. After that.....


Wall Street has always been a casino. Speculative schemes have been going on  before our grandparents were born.

You might be right but it smells like a pump and dump to me. My GUESS is that it eventually crashes AGAIN, goes back into the doldrums, and we don’t hear from the bitcoin bugs for a while.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 06, 2021, 08:09:16 PM
Supply of Bitcoin is totally limited. The window of opportunity for most people on our planet to become wholecoiners is rapidly closing.

Demand for Bitcoin is growing daily, both by the big players, and by retail investors. Its not even so much "investment" as opposed to seeing a global haven as a store of value to preserve future wealth.

The entire ecosystem around BTC continues to grow globally. Exchanges, regulatory, banks, Visa, Paypal, ETFs etc. So even if there is a dip in price, the entire infrastructure has been built for the next huge bull run. Money printing continues. Faith in fiat currencies is falling. We will see a Chinese digital coin with huge privacy concerns and tracking implications. And we may also see increased taxes on hard physical assets such as residential real estate, to pay for the handouts to the masses and to finance government spending.

Since the Covid panic Bitcoin low of below USD 5,000, we have gone up more than 10x to USD 50,000 in around a period of a year. It takes just a 2x increase from here to get us to 100K, which is easily achievable by year end. My "BTC 100K by end 2021 as a possibility" statement back in 2017 now seems now quite realistic.

I continue to suggest to anyone to continue to accumulate Sats and then Hodl. Ignore the short term noise and see the big picture.

At times like this we need to reflect on the prophetic words of resident financial genius Mr Anabolic...

"Never forget - first 100,000, then 1,000,000"



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 06, 2021, 10:23:28 PM
Quote from: Thin Lizzy on March 06, 2021, 06:01:01 PM

Wall Street has always been a casino. Speculative schemes have been going on  before our grandparents were born.

You might be right but it smells like a pump and dump to me. My GUESS is that it eventually crashes AGAIN, goes back into the doldrums, and we don’t hear from the bitcoin bugs for a while.

But what started as Speculation on business fundamentals has dwindled to become speculation on outside market influences because money has already front run all the yield from the metrics.

 The market today is nothing like the market 50yrs ago and behaves nothing like 50yrs ago. Tesla buys BTC which quickly makes the company more profit in a month than the entire business made in the previous year and the result is the share price goes down because all stocks went down lol. It’s a total decoupling from fundamentals now.

It can be bailed out. I’m not saying it won’t but it’s during this bailout that you see emerging markets fly past it.


The underlying data/behaviour in BTC isn’t like before. It has changed and it will catch everybody by surprise. We have a price floor of ballpark 39.4K right now. We won’t see 20k or 30k again. In May, we won’t see 40k ever again.

The pullback from peak might be 50% instead of 85% but perspective can be a bitch. A 50% pullback from 80k is 40k. A 50% pullback from 500k is 250k.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 07, 2021, 12:28:19 AM
Stimulus cheque of $1400 passed in US senate.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 07, 2021, 12:40:49 AM
Quote from: obsidian on March 06, 2021, 02:52:06 PM
For the Ethereum haters....

 :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on March 07, 2021, 02:12:30 AM
$ 50,947.42
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on March 07, 2021, 01:51:49 PM
Quote from: Mayday on March 06, 2021, 10:23:28 PM
But what started as Speculation on business fundamentals has dwindled to become speculation on outside market influences because money has already front run all the yield from the metrics.

 The market today is nothing like the market 50yrs ago and behaves nothing like 50yrs ago. Tesla buys BTC which quickly makes the company more profit in a month than the entire business made in the previous year and the result is the share price goes down because all stocks went down lol. It’s a total decoupling from fundamentals now.

It can be bailed out. I’m not saying it won’t but it’s during this bailout that you see emerging markets fly past it.


The underlying data/behaviour in BTC isn’t like before. It has changed and it will catch everybody by surprise. We have a price floor of ballpark 39.4K right now. We won’t see 20k or 30k again. In May, we won’t see 40k ever again.

The pullback from peak might be 50% instead of 85% but perspective can be a bitch. A 50% pullback from 80k is 40k. A 50% pullback from 500k is 250k.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 07, 2021, 03:24:21 PM
Quote from: Thin Lizzy on March 07, 2021, 01:51:49 PM



Eddie Murphy films are still awesome today!

Do you believe speculation on social media forum posts is a natural progression for the global investment system?

 Do you believe there is 100% confidence from the banks about their own sector today?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 07, 2021, 09:32:52 PM
https://www.coindesk.com/software-firm-meitu-buys-22m-of-ether-17-9m-bitcoin-for-its-treasury

Hong Kong-listed Meitu Inc. , which makes image and video processing software, said it had purchased $22 million in ether (ETH, +4.88%) (ETH) and $17.9 million of bitcoin (BTC, +2.52%) (BTC), making it the first time a firm has disclosed a major purchase of ETH for its treasury.

Meitu said it bought 15,000 ETH and 379.1 BTC in open market transactions on March 5.

The purchases were under the terms of a previously board-approved cryptocurrency investment plan that allows the company to put up to $100 million of crypto, financed by cash reserves other than any remaining proceeds from Meitu's 2016 IPO.

While the company said that while buying crypto helps diversify its holdings away from cash, "More importantly, the Board considers this a demonstration to investors and stakeholders that the Group has the vision and determination to embrace technological evolution, and hence preparing its foray into the blockchain industry."

The company said it's evaluating the feasibility of integrating blockchain tech into its overseas business, including launching Ethereum-based dApps. ETH is the native token of the Ethereum blockchain. It's also evaluating potential investments in blockchain-based projects, many of which accept ETH as consideration for investment.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 07, 2021, 09:35:53 PM
https://www.bloomberg.com/news/articles/2021-03-07/crypto-coin-outperforming-bitcoin-is-about-to-see-supply-reduced

Ethereum blockchain developers approved one of the biggest changes to the network since its inception in 2015, a shift that could spur even bigger gains in the price of its native cryptocurrency Ether.

The move will reduce the amount of outstanding Ether by destroying some of the tokens every time it’s used to fuel transactions on the world’s most-used blockchain. Known as EIP 1559, the change solves a current problem: Ethereum users can only estimate how much Ether will be needed for transactions to be processed, a guessing game that has spawned sites such as ETH Gas Station to help people know how much to pay. EIP 1559, which will become part of an upgrade in July or August, will embed an average price into the network itself making the guessing game obsolete.

The reduced supply of Ether will likely lead to rising prices as demand for the coins increases, said Eric Turner, director of research at Messari, a cryptocurrency analytics firm.

“This is probably one of the biggest milestones we’ve seen recently,” he said. Until EIP 1559 goes into effect after being approved Friday, the supply of Ether was theoretically infinite, leading to criticism that its underlying monetary policy was weak and inflationary. “Now, they’re actually controlling inflation on Ethereum” and “in some cases you’re looking at negative inflation so it’s definitely important,” Turner said.

Ether has seen an already incredible price gain in the past 12 months, along with Bitcoin and other digital assets. Ether has risen about 560% in the past year, while Bitcoin is up about 430%, according to data compiled by Bloomberg. Unlike Ether, Bitcoin has had since its start in 2009 a fixed supply of 21 million coins that will ever be created. That difference has led critics of Ethereum to say it shouldn’t be viewed as a similar digital currency as Bitcoin.

Tim Beiko, a senior product manager at ConsenSys who’s leading the protocol team implementing EIP 1559, compared the current fee environment in Ethereum to a gas station where each of the four pumps has a different price. Going forward, “we’ll gauge demand for the network and we put that average price as part of the network itself,” he said. EIP 1559 “fixes a bug in the economics of Ethereum we’ve known about from the start.”

The proposal also will change a strange feature in Ethereum that no one really saw coming. Users can now pay an Ethereum miner to process their transaction with a credit card or another cryptocurrency, undermining Ether’s role in its own blockchain, Beiko said. EIP 1559 makes Ether the only way to pay for transactions on the network.

“It cements Ether’s role in the ecosystem,” he said.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 08, 2021, 01:31:44 AM
March 2020 —> 3.1M BTC coins on all exchanges —> price 5k

March 2021 —> 2.4M BTC coins on all exchanges —> price 58k

A 23% supply reduction resulting in a 1,060% price increase.

The scarcity argument is real and coins being bought and removed from exchanges has continued since the pandemic and not stopped.

This behaviour will continue well into the rest of the bull market. The result is a fast rising price floor and barrier to entry.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 08, 2021, 01:45:47 AM
Quote from: Mayday on March 08, 2021, 01:31:44 AM
March 2020 —> 3.1M BTC coins on all exchanges —> price 5k

March 2021 —> 2.4M BTC coins on all exchanges —> price 58k

A 23% supply reduction resulting in a 1,060% price increase.

The scarcity argument is real and coins being bought and removed from exchanges has continued since the pandemic and not stopped.

This behaviour will continue well into the rest of the bull market. The result is a fast rising price floor and barrier to entry.
Interesting.

Ethereum will also be getting more scarce after they implement EIP-1559 in July. Lower gas fees, more scarcity, increased usage. What's not to like? I see Ethereum going up quite a bit, barring a financial collapse. Let's face it cryptos will go down with everything else if there is worldwide collapse.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 08, 2021, 04:47:47 AM
What's not to like is that the burning is countered by unlimited creation of new Eth, with no fixed supply.

Still, I do think Eth will have upside, but this is more due to Eth being (incorrectly) seen as an "alt' to BTC, as opposed to anything else...

When BTC gets to 100K, we could well see Eth at over 2500K based purely on BTC gains.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on March 08, 2021, 04:57:34 AM
Quote from: Mayday on March 07, 2021, 03:24:21 PM
Eddie Murphy films are still awesome today!

Do you believe speculation on social media forum posts is a natural progression for the global investment system?

 Do you believe there is 100% confidence from the banks about their own sector today?

Social media posting is the modern day version of a “Tip Sheet,” a modern day version of something that’s been around forever.

Regarding as to whether bitcoin will replace Fiat currencies, the reason the gold standard was scrapped is because governments couldn’t inflate the way they’re doing so now. I don’t see why they would welcome a digital form of gold which would handcuff their spending.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 08, 2021, 07:01:43 AM
https://finance.yahoo.com/news/ethereum-etp-list-deutsche-borse-125709509.html

Ethereum ETP to List on Deutsche Borse

London-based ETC Group is to list an Ethereum exchange-traded product (ETP) on Deutsche Borse’s Xetra market, based in Frankfurt, Germany.

The new “ETC Group Physical Ethereum ETC” product will track the price of ether and trade under the ticker “ZETH” when it goes live Tuesday. An ETC is an exchange-traded commodity, a kind of ETP.

ZETH will be a central counterparty-cleared product structured as an asset-backed debt security distributed on the HANetf platform. The management fee will be 1.49%.

“Institutional investors are demanding regulated crypto products that are secure, liquid, and central counterparty cleared and ETC Group is building products that adhere to the complex and exacting standards of the institutional investor,” said Bradley Duke, CEO of ETC Group.

In June, ETC Group listed its “Bitcoin Exchange Traded Crypto” ETP, also on the Deutsche Borse’s Xetra.

The bitcoin product has now amassed over $1 billion in assets under management, said the firm.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 08, 2021, 10:04:33 AM
From 49:00, he reckons ETH could reach 10K in five months, if it repeats another 5x from past 5 months, and possibly 20K by end of year.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 08, 2021, 11:40:17 AM
Quote from: gib on March 08, 2021, 04:47:47 AM
What's not to like is that the burning is countered by unlimited creation of new Eth, with no fixed supply.

Still, I do think Eth will have upside, but this is more due to Eth being (incorrectly) seen as an "alt' to BTC, as opposed to anything else...

When BTC gets to 100K, we could well see Eth at over 2500K based purely on BTC gains.
Quite a few people think that Bitcoin will ultimately have to remove the finite cap on the supply.

Bitcoin's security is provided by miners. And their incentive for mining are rewards paid in Bitcoin. Once all Bitcoin has been minted why would they secure the network? Who's going to pay them for that?


https://finematics.com/ethereum-eip-1559-explained/

Burning the base fee creates an interesting feedback loop between the network usage and the ETH supply. More network activity = more ETH burnt = less ETH available to be sold on the market by miners, making the already existing ETH more valuable.

Burning the base fee basically rewards the users of the network by making their ETH more scarce instead of overpaying miners.

The fee burning mechanism also sparked a few discussions about ETH becoming deflationary. This would be possible if the block reward is lower than the base fee burnt. That would be the case, for example, during the recent DeFi gas fee craze where the network was constantly under heavy utilization.

One potential drawback when it comes to burning the base fee is the fact of losing control over the long term monetary policy of ETH. With this change, ETH would end up being sometimes inflationary and sometimes deflationary. This doesn’t look like a major problem as the max inflation would be capped at around 0.5-2% per year anyway. 

So will EIP 1559 make gas fees much lower?

Not really, it will clearly optimise the fee model by smoothing fee spikes and limiting the number of overpaid transactions, but the main ways of lowering gas fees are still ETH 2.0 and Layer 2 scaling solutions.

https://blockchainnews.azurewebsites.net/news/ethereum-become-deflationary-asset-see-its-supply-reduced-proposed-eip-1559-upgrade

The Beauty of the EIP 1559

The Ethereum Blockchain is unarguably the world’s most used public blockchain, with numerous decentralized finance applications building on it. There have been incessant calls for an alternative to the congestion the network faces, which significantly increases Ethereum gas fees, a fee each user needs to pay for transacting on the blockchain.

With the EIP 1559, the network sets a base fee for every transaction that is carried out on the Ethereum network giving fair opportunity to all. Users who may wish to conduct their transactions faster than the standard provisions of the network can add a tip to validators, to fast-track their transactions. A part of this tip is burnt, helping to improve the monetary policy of the Ethereum network as a whole.

Additionally, the EIP 1559 upgrade will eliminate the use of other digital tokens for payment of fees in the Ethereum Network. Only Ethereum will be used, thus restoring the unique relevance of the Ethereum (ETH) cryptocurrency.

Implications for Ethereum’s Price

Scarcity is introduced each time Ethereum is burnt after being used in transactions, a feature that helps prevent the inflationary tendencies the network has been exposed to since its launch back in 2015. With this deflationary model, the price of Ethereum is bound to take an upward swing.

Reduced supply and scarcity are characteristics that Bitcoin has wielded to present itself attractive to investors over the years. There are only 21 million BTC that can ever be mined, and with the scheduled reduction in Ethereum’s supply, the demand for Ether may go up. Therefore, with the announcement that EIP 1559 will be implemented, Ether has resumed an uptrend.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 08, 2021, 11:42:26 AM
https://beincrypto.com/eip-implementation-would-have-resulted-in-burning-nearly-1m-eth-in-2020/

The Ethereum Improvement Proposal that could effectively change the fee market mechanism by burning a little ETH for every transaction made has yet to be implemented as it is still being tested.

If EIP 1559 had been implemented, hypothetically it would have burnt an estimated 970,000 ETH over the past 365 days, according to Dune Analytics. At today’s prices, this is approximately $370 million worth of ETH.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 08, 2021, 12:26:42 PM
Quote from: gib on March 08, 2021, 04:47:47 AM
What's not to like is that the burning is countered by unlimited creation of new Eth, with no fixed supply.

When BTC gets to 100K, we could well see Eth at over 2500K based purely on BTC gains.

 ETH is being used for DeFi and just like ETH won’t take The crown for store of wealth, BTC won’t take the crown for DeFi.

Your numbers are pretty off. Right now ETHBTC pullback ratio bottoms at 0.029 which would mean ETH at 2,900 on a huge 25% pullback. ETHBTC generally sits at 0.034 when ETH isn’t going for a run which means 3,400 on a 100k BTC. That is prior to any 1559 upgrade and upward price impact.

Big players are on the sidelines waiting for the 1559 decision outcome. We will see what they do in July when the upgrade takes place.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 08, 2021, 01:06:47 PM
Dogecoin might end up being a better investment than Bitcoin in the short term. It could do a 17x to 20x to $1 and perhaps a little higher.

Will Doge reach $1 before Bitcoin reaches $1 million?

https://markets.businessinsider.com/currencies/news/mark-cuban-dogecoin-dallas-mavericks-largest-merchant-price-prediction-2021-3-1030158472

Mark Cuban said the Dallas Mavericks are now the largest Dogecoin merchant in the world.
The NBA basketball team has carried out more than 20,000 Dogecoin transactions, the billionaire said.
The investor said if his team sells merch worth another 6.5 billion Dogecoin, the token's price could hit $1.

Billionaire Mark Cuban announced on Saturday the Dallas Mavericks have completed more than 20,000 transactions in Dogecoin, making his NBA team the largest merchant of the meme-based cryptocurrency.

The "Shark Tank" host said if his team sells merchandise worth another 6.5 billion Dogecoin, the digital asset's price could hit $1. Dogecoin was last trading 8% higher at $0.055 per coin on Monday.

Cuban tweeted: "The @dallasmavs have done more than 20,000 #Dogecoin in transactions, making us the LARGEST #DOGECOIN MERCHANT IN THE WORLD ! We thank all of you and can only say that if we sell another 6,556,000,000 #DOGECOIN worth of Mavs merch, #dogecoin will DEFINITELY HIT $1 !!!"

(https://images2.markets.businessinsider.com/6045dfec44d8e300117b9862?format=jpeg)

The legendary investor's announcement came two days after he told DealBook the NBA's Mavericks would begin accepting Dogecoin as payment for tickets and merchandise. "Sometimes in business you have to do things that are fun," he said, explaining the team's decision.

Only a month ago, Cuban said Dogecoin has "no intrinsic value" but he bought some for his son anyway for educational reasons. "It gives you a better chance of winning than a lottery ticket, all while teaching the economics of supply and demand and introducing people to crypto assets," he said.

Dogecoin has got recent boosts from billionaire Elon Musk, rockstar Gene Simmons, and rap legend Snoop Dogg. The Tesla founder sent its price soaring 25% in February when he tweeted "literally" along with an image of the meme-famous Shiba Inu dog. Musk posted another positive tweet about the asset over the weekend, saying: "Doge spelled backwards is Egod."
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 08, 2021, 01:12:57 PM
https://markets.businessinsider.com/currencies/news/ether-price-ethereum-upgrade-explosive-growth-destroys-coins-eip-1559-2021-3-1030160187
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 08, 2021, 01:18:29 PM
Atari Partners on Crypto Casino in Ethereum-Based Virtual World

https://www.coindesk.com/atari-casino-decentral-games-crypto
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 08, 2021, 01:23:35 PM
https://ambcrypto.com/bitcoin-effect-understanding-the-giant-paradigm-shift-in-markets/

Bitcoin effect: Understanding the ‘giant paradigm shift’ in markets

(https://ambcrypto.s3.amazonaws.com/wp-content/uploads/2021/03/04210229/galaxy-11098_1280.jpg)


Galaxy Digital founder Mike Novogratz has noticed “something different” going on with the crypto markets overall. Tweeting on 4 March, the Bitcoin maximalist believed that financial markets are amid a “giant paradigm shift” as institutions begin to invest in digital currencies.

According to Novogratz, the whole world “just decided” that cryptocurrency is indeed an asset class. He went on to say:

So everyone is short. Adoption is outweighing the macro story. Why gold is headed lower and BTC higher.Every big bank and big tech company moving in.

This would not be the first time that Novogratz noticed a market phenomenon. Earlier he declared that Bitcoin was an “institutional product,” when certain companies decided to invest in the popular crypto. Prior to this, the former hedge fund manager said that “the Rubicon” in the asset’s adoption had been crossed.

Since Novogratz has made timely and rather accurate remarks, it could indicate that Bitcoin will continue to attract more investors.

In fact, Daniel Ives, Managing Director and Senior Equity Research Analyst at Wedbush Securities said that public companies in US are going to follow Tesla’s Bitcoin investment strategy, in particular. According to him, Tesla’s Bitcoin strategy is “the start of a new age on the digital currency front.”

His firm’s survey found that in terms of investment, 3 to 5% of public companies will mirror Tesla and purchase Bitcoin, over the next 12 to 18 months. This figure could go up to 5% of companies that will add Bitcoin to their balance sheets unless there is regulatory clarity in the crypto market.

When it comes to the company’s performance, Novogratz thinks that Tesla is “breaking down technically.” This comment, prompted The Street founder, Jim Cramer, to troll the firm with a tweet that said: “the bell cow takes a break???” At the same time, Cramer urged people to “stop trading” since billionaire investor Ron Baron sold 1.8 million worth of his Tesla shares, over the past half-year.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 08, 2021, 07:31:24 PM
Quote from: Mayday on March 08, 2021, 01:31:44 AM
March 2020 —> 3.1M BTC coins on all exchanges —> price 5k

March 2021 —> 2.4M BTC coins on all exchanges —> price 58k

A 23% supply reduction resulting in a 1,060% price increase.

The scarcity argument is real and coins being bought and removed from exchanges has continued since the pandemic and not stopped.

This behaviour will continue well into the rest of the bull market. The result is a fast rising price floor and barrier to entry.

To add to the above numbers why you should be shitting yourself if you don’t already hold BTC and crypto in general.

There are 900 BTC mined each day. This would be 328,500 coins mined in a year. The big players involved today are up all of those and removed 700,000 BTC from the supply pool..... a teeny tiny drop in the ocean in terms of capital did that.

Those players alone can buy more if they want, they have plenty of capital. Capital on the sidelines dwarfs what these guys have and price going to 500k won’t slow the number of coins being removed from exchanges. They can consume it all upon entering.

The coin mining influences today are going to become an ever decreasing influence on the market price. Indeed as the price increases, financials of the miners dictate they are to HODL their coins to increase their asset value and share price. So even miners will become HOdLers and buyers of Crypto.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on March 09, 2021, 01:46:32 AM
Quote from: Mayday on March 08, 2021, 07:31:24 PM
To add to the above numbers why you should be shitting yourself if you don’t already hold BTC and crypto in general.

There are 900 BTC mined each day. This would be 328,500 coins mined in a year. The big players involved today are up all of those and removed 700,000 BTC from the supply pool..... a teeny tiny drop in the ocean in terms of capital did that.

Those players alone can buy more if they want, they have plenty of capital. Capital on the sidelines dwarfs what these guys have and price going to 500k won’t slow the number of coins being removed from exchanges. They can consume it all upon entering.

The coin mining influences today are going to become an ever decreasing influence on the market price. Indeed as the price increases, financials of the miners dictate they are to HODL their coins to increase their asset value and share price. So even miners will become HOdLers and buyers of Crypto.

Im just hoping for your sake Eth goes to 20k so you can afford to trade in the mrs for a younger model who hopefully  wont blow up your car engine.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on March 09, 2021, 06:09:17 AM
Bloomberg was talking up Bitcoin this morning, typically a sign that at least a short term top is coming.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on March 09, 2021, 07:17:01 AM
$ 54,343.66
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 09, 2021, 09:09:01 PM
Quote from: Thin Lizzy on March 09, 2021, 06:09:17 AM
Bloomberg was talking up Bitcoin this morning, typically a sign that at least a short term top is coming.

If you take the view that BTC is going to be a major global currency, then short term tops and bottoms etc are irrelevant. Simply buy, hodl, and wait...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 11, 2021, 08:19:05 AM
https://www.bloomberg.com/news/articles/2021-03-11/beeple-everydays-nft-sells-at-art-auction-for-60-million-paid-in-ether

An NFT Sold for $69 Million, Blasting Crypto Art Records

The NFT, minted by the artist Beeple, was created just last month—and Christie’s is now accepting total payment in Ether.

On Thursday, a digital artwork less than a month old hammered for $60.25 million at Christie’s in New York, shattering every previous record set for the medium and pushing the NFT market into the price range of blue-chip masterworks. With buyer’s premium the total comes to $69 million.

Everydays: the First 5,000 Days is a mosaic of every image that artist Mike Winkelmann, who goes by the name Beeple, has made since 2013. The artwork is attached to a non-fungible token (NFT), a digital certificate of authenticity that runs on blockchain technology. Unlike some of his other artworks, Everydays doesn’t come with anything physical (a box, a plaque) attached. Bidding opened at $100 on Feb. 25.

“The first day of bidding was one of the most magical events in my auction career,” says Noah Davis, a specialist at Christie’s who organized the sale. “I’ve never seen anything like it.”

What’s an NFT?

In the first eight minutes of bidding, Davis says, about 20 bidders pushed the work to $1 million. “Only three [of the bidders] were known to us previously.”

The buyer of the work was not immediately known, but Davis says that “there have been a handful of really dogged, really serious clients pursuing it, and they are mostly people who are very steeped in crypto.

“Whether that means they’re early investors in crypto, or they run and operate businesses that have significant investment in crypto technology,” he continues, “they’re all very savvy, ‘#online’ people.”

Paying With Cryptocurrency

When Christie’s announced the sale last month, it made waves when it revealed that it would accept cryptocurrency as payment; the caveat was that the buyer’s premium had to be in a traditional currency.

But as the days went on and people continued to push the price even higher, that policy changed.

“We are accepting [a buyer’s premium of] Ethereum for this purchase,” Davis says. “I feel like that’s actually the biggest deal of this whole thing, secretly.”

Speaking a day before the sale closed, Davis said he was “90% sure” that the final buyer would be paying in cryptocurrency. Christie’s didn’t immediately confirm if that was the case once the sale concluded.

Given the wild volatility of cryptocurrencies, Christie’s may be taking a risk accepting its premium in Ethereum. The second-biggest digital coin lost 50% of its value on Feb. 22, sinking as low as $700. As of 10:11 a.m. EST on Mar. 11, Ether was trading at $1,815 to the dollar, a roughly 160% growth over the prior week.

This sale is the latest in a whirlwind boom in the market for NFTs. Beeple’s previous record was set in late February, when a work that someone had purchased just months earlier in October for $66,000 sold for $6.6 million—a 9,900% growth. Before that, his record stood at $777,777.777, which was set in January. A year before that, he hadn’t sold a single artwork.

The $60.25 million sale isn’t just an unprecedented price for an NFT, it’s an unprecedented price for a new artist, period. It puts Beeple’s Everydays in the same range as major works by giants of  art history. A still life by Vincent Van Gogh sold for $16 million at Sotheby’s last October; the year before Christie’s London sold a striking late oil painting by Picasso, Homme et Femme Nu for $15.6 million.

Davis says this is just the beginning. “It’s a huge shot in the arm for the business generally, when you have a sale result like that,” he says. “I think we will have really compelling and exciting NFT-based art opportunities at Christie’s in the near future.”
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on March 11, 2021, 11:26:38 AM
$ 57,275.00
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on March 11, 2021, 02:07:09 PM
Quote from: Griffith on March 11, 2021, 08:19:05 AM
https://www.bloomberg.com/news/articles/2021-03-11/beeple-everydays-nft-sells-at-art-auction-for-60-million-paid-in-ether

An NFT Sold for $69 Million, Blasting Crypto Art Records

The NFT, minted by the artist Beeple, was created just last month—and Christie’s is now accepting total payment in Ether.

On Thursday, a digital artwork less than a month old hammered for $60.25 million at Christie’s in New York, shattering every previous record set for the medium and pushing the NFT market into the price range of blue-chip masterworks. With buyer’s premium the total comes to $69 million.

Everydays: the First 5,000 Days is a mosaic of every image that artist Mike Winkelmann, who goes by the name Beeple, has made since 2013. The artwork is attached to a non-fungible token (NFT), a digital certificate of authenticity that runs on blockchain technology. Unlike some of his other artworks, Everydays doesn’t come with anything physical (a box, a plaque) attached. Bidding opened at $100 on Feb. 25.

“The first day of bidding was one of the most magical events in my auction career,” says Noah Davis, a specialist at Christie’s who organized the sale. “I’ve never seen anything like it.”

What’s an NFT?

In the first eight minutes of bidding, Davis says, about 20 bidders pushed the work to $1 million. “Only three [of the bidders] were known to us previously.”

The buyer of the work was not immediately known, but Davis says that “there have been a handful of really dogged, really serious clients pursuing it, and they are mostly people who are very steeped in crypto.

“Whether that means they’re early investors in crypto, or they run and operate businesses that have significant investment in crypto technology,” he continues, “they’re all very savvy, ‘#online’ people.”

Paying With Cryptocurrency

When Christie’s announced the sale last month, it made waves when it revealed that it would accept cryptocurrency as payment; the caveat was that the buyer’s premium had to be in a traditional currency.

But as the days went on and people continued to push the price even higher, that policy changed.

“We are accepting [a buyer’s premium of] Ethereum for this purchase,” Davis says. “I feel like that’s actually the biggest deal of this whole thing, secretly.”

Speaking a day before the sale closed, Davis said he was “90% sure” that the final buyer would be paying in cryptocurrency. Christie’s didn’t immediately confirm if that was the case once the sale concluded.

Given the wild volatility of cryptocurrencies, Christie’s may be taking a risk accepting its premium in Ethereum. The second-biggest digital coin lost 50% of its value on Feb. 22, sinking as low as $700. As of 10:11 a.m. EST on Mar. 11, Ether was trading at $1,815 to the dollar, a roughly 160% growth over the prior week.

This sale is the latest in a whirlwind boom in the market for NFTs. Beeple’s previous record was set in late February, when a work that someone had purchased just months earlier in October for $66,000 sold for $6.6 million—a 9,900% growth. Before that, his record stood at $777,777.777, which was set in January. A year before that, he hadn’t sold a single artwork.

The $60.25 million sale isn’t just an unprecedented price for an NFT, it’s an unprecedented price for a new artist, period. It puts Beeple’s Everydays in the same range as major works by giants of  art history. A still life by Vincent Van Gogh sold for $16 million at Sotheby’s last October; the year before Christie’s London sold a striking late oil painting by Picasso, Homme et Femme Nu for $15.6 million.

Davis says this is just the beginning. “It’s a huge shot in the arm for the business generally, when you have a sale result like that,” he says. “I think we will have really compelling and exciting NFT-based art opportunities at Christie’s in the near future.”

Smells of money laundering.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Earl1972 on March 11, 2021, 07:52:35 PM
haven't read this thread since 2019

so any bitcoin millionaires here?  i remember quite a few of you had bitcoin back in those days

E
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 11, 2021, 07:58:15 PM
Quote from: Theoak* on March 11, 2021, 02:07:09 PM
Smells of money laundering.


Some people have spastic money in crypto that they don’t want to sell the coins on exchanges but instead buy collectibles.

We haven’t yet hit the inflationary period yet during which collectibles will skyrocket to the moon.

That artwork will be 100M in no time plus it’s 100% an original so no questions around authenticity which is artwork’s biggest roadblock.

I think AR and VR artwork is where the true market value is.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 11, 2021, 09:26:38 PM
On Instagram I follow several photographers and digital artists and lately I’m seeing a lot of them selling NFT’s. All of it is priced in ETH. Some of the larger accounts have sold their work for millions, others for a few hundred dollars.

One with a modest following of about 40k recently sold a photo for 0.5 ETH. Not a large amount of money but this is just a hobby photographer who has sold a photo for considerably more than if someone bought a print. And he will keep making money from that photo if it is sold again in the future.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight on March 11, 2021, 10:24:25 PM
Quote from: FitnessFrenzy on March 11, 2021, 11:26:38 AM
$ 57,275.00

That's nice , but which American bank would give $ 57 K for imagination like gibcoins   ???.  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on March 12, 2021, 03:51:56 AM
Quote from: Teutonic Knight on March 11, 2021, 10:24:25 PM
That's nice , but which American bank would give $ 57 K for imagination like gibcoins   ???.  ;D
None, or they'd be doing it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 12, 2021, 04:01:43 AM
Quote from: Humble Narcissist on March 12, 2021, 03:51:56 AM
None, or they'd be doing it.
If your Bitcoin is on Coinbase or Binance.us you can easily sell to fiat (at 57k per BTC or whatever the current price is) and transfer it to your bank account. But there is a limit amount of fiat that you can send per day. You can sell all the Bitcoin to fiat at once but the withdrawal from Coinbase will be reduced. The rest will be held in your account on Coinbase - kind of like your bank account. Do you withdraw all your money from your bank account often?

Coinbase might raise the withdrawal limit if you contact them.

My bank had no problem sending $10,000 to Coinbase in 2017. So why would they have a problem receiving it lol?!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 12, 2021, 04:27:29 AM
Quote from: Griffith on March 11, 2021, 08:19:05 AM
https://www.bloomberg.com/news/articles/2021-03-11/beeple-everydays-nft-sells-at-art-auction-for-60-million-paid-in-ether

An NFT Sold for $69 Million, Blasting Crypto Art Records

The NFT, minted by the artist Beeple, was created just last month—and Christie’s is now accepting total payment in Ether.

On Thursday, a digital artwork less than a month old hammered for $60.25 million at Christie’s in New York, shattering every previous record set for the medium and pushing the NFT market into the price range of blue-chip masterworks. With buyer’s premium the total comes to $69 million.

Everydays: the First 5,000 Days is a mosaic of every image that artist Mike Winkelmann, who goes by the name Beeple, has made since 2013. The artwork is attached to a non-fungible token (NFT), a digital certificate of authenticity that runs on blockchain technology. Unlike some of his other artworks, Everydays doesn’t come with anything physical (a box, a plaque) attached. Bidding opened at $100 on Feb. 25.

“The first day of bidding was one of the most magical events in my auction career,” says Noah Davis, a specialist at Christie’s who organized the sale. “I’ve never seen anything like it.”

What’s an NFT?

In the first eight minutes of bidding, Davis says, about 20 bidders pushed the work to $1 million. “Only three [of the bidders] were known to us previously.”

The buyer of the work was not immediately known, but Davis says that “there have been a handful of really dogged, really serious clients pursuing it, and they are mostly people who are very steeped in crypto.

“Whether that means they’re early investors in crypto, or they run and operate businesses that have significant investment in crypto technology,” he continues, “they’re all very savvy, ‘#online’ people.”

Paying With Cryptocurrency

When Christie’s announced the sale last month, it made waves when it revealed that it would accept cryptocurrency as payment; the caveat was that the buyer’s premium had to be in a traditional currency.

But as the days went on and people continued to push the price even higher, that policy changed.

“We are accepting [a buyer’s premium of] Ethereum for this purchase,” Davis says. “I feel like that’s actually the biggest deal of this whole thing, secretly.”

Speaking a day before the sale closed, Davis said he was “90% sure” that the final buyer would be paying in cryptocurrency. Christie’s didn’t immediately confirm if that was the case once the sale concluded.

Given the wild volatility of cryptocurrencies, Christie’s may be taking a risk accepting its premium in Ethereum. The second-biggest digital coin lost 50% of its value on Feb. 22, sinking as low as $700. As of 10:11 a.m. EST on Mar. 11, Ether was trading at $1,815 to the dollar, a roughly 160% growth over the prior week.

This sale is the latest in a whirlwind boom in the market for NFTs. Beeple’s previous record was set in late February, when a work that someone had purchased just months earlier in October for $66,000 sold for $6.6 million—a 9,900% growth. Before that, his record stood at $777,777.777, which was set in January. A year before that, he hadn’t sold a single artwork.

The $60.25 million sale isn’t just an unprecedented price for an NFT, it’s an unprecedented price for a new artist, period. It puts Beeple’s Everydays in the same range as major works by giants of  art history. A still life by Vincent Van Gogh sold for $16 million at Sotheby’s last October; the year before Christie’s London sold a striking late oil painting by Picasso, Homme et Femme Nu for $15.6 million.

Davis says this is just the beginning. “It’s a huge shot in the arm for the business generally, when you have a sale result like that,” he says. “I think we will have really compelling and exciting NFT-based art opportunities at Christie’s in the near future.”
Yes I saw that! Beeple is like a modern Salvador Dali. Dude has a wild imagination and he churns his digital painting out in a few hours. He says he has a large database of 3d files which allows him to quickly slap thing together. Even then it is impressive what he does. I know a bit about 3D and 2D computer graphics / art and it would take me more than a day to create his images. Perhaps if I started doing it full time I would get faster.

Here's some of his work...

(https://creacuervos.com/wp-content/uploads/2020/02/beeple-crap-y-sus-ilustraciones-de-donald-trump-kim-jong-un-y-hillary-clinton-16.jpg)

(https://creacuervos.com/wp-content/uploads/2020/02/beeple-crap-y-sus-ilustraciones-de-donald-trump-kim-jong-un-y-hillary-clinton-03.jpg)

(https://creacuervos.com/wp-content/uploads/2020/02/beeple-crap-y-sus-ilustraciones-de-donald-trump-kim-jong-un-y-hillary-clinton-ok-940x510.jpg)

(https://cdnb.artstation.com/p/assets/images/images/021/669/813/smaller_square/beeple-10-30-19.jpg?1572525144)

And him working...

(https://bloximages.newyork1.vip.townnews.com/postandcourier.com/content/tncms/assets/v3/editorial/6/59/659ad246-7773-11eb-a995-7337dc807f82/6037b02373935.image.jpg?resize=1200%2C800)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on March 12, 2021, 11:13:19 AM
Quote from: obsidian on March 12, 2021, 04:01:43 AM
If your Bitcoin is on Coinbase or Binance.us you can easily sell to fiat (at 57k per BTC or whatever the current price is) and transfer it to your bank account. But there is a limit amount of fiat that you can send per day. You can sell all the Bitcoin to fiat at once but the withdrawal from Coinbase will be reduced. The rest will be held in your account on Coinbase - kind of like your bank account. Do you withdraw all your money from your bank account often?

Coinbase might raise the withdrawal limit if you contact them.

My bank had no problem sending $10,000 to Coinbase in 2017. So why would they have a problem receiving it lol?!
And yet no one seems to be doing that.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on March 12, 2021, 11:56:18 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight on March 12, 2021, 12:22:36 PM
Quote from: gib on March 09, 2021, 09:09:01 PM
If you take the view that BTC is going to be a major global currency, then short term tops and bottoms etc are irrelevant. Simply buy, hodl, and wait...


So U see the future  ;D, but could not predict results of return to Africa  ::)

Oh, dear  ;D


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on March 12, 2021, 02:46:52 PM
Quote from: Humble Narcissist on March 12, 2021, 11:13:19 AM
And yet no one seems to be doing that.

Apart from all the people  I know in crypto including  myself.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 12, 2021, 03:02:20 PM
Quote from: Humble Narcissist on March 12, 2021, 11:13:19 AM
And yet no one seems to be doing that.

I have done transfers for several hundred thousands off exchanges into bank accounts.

The irony is the multi billion dollar bank I use which is the largest in the country has a 100k/day transfer limit and yet the exchange which is significantly smaller has a 50k/day limit.....yet people still want to cling to the idea that crypto is sketchy.....

Within 3yrs we will have multiple crypto banks offering 4% interest loans against BTC while our BTC averages 100% increase a year...... meaning in the near future those who purchased early won’t need to sell BTC anymore and what do you think that does to prices?

The world just broke. The initial crypto models just broke. This is why my view changes drastically because the window of opportunity is so damn small now.

FFS gib will be an overlord by 2025.....fucking gib.....  lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 12, 2021, 05:01:20 PM
Quote from: Humble Narcissist on March 12, 2021, 11:13:19 AM
And yet no one seems to be doing that.
Some are.

I have not yet. Because it would be pointless to convert to fiat and see it depreciate. I will convert some to fiat this year though because I want to deduct my mining equipment and electrical expenses when it is time to pay taxes. It should cancel out to where I don't have to pay any taxes. I'll let you know if I had a problem.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on March 12, 2021, 09:34:01 PM
Quote from: Mayday on March 12, 2021, 03:02:20 PM
I have done transfers for several hundred thousands off exchanges into bank accounts.

The irony is the multi billion dollar bank I use which is the largest in the country has a 100k/day transfer limit and yet the exchange which is significantly smaller has a 50k/day limit.....yet people still want to cling to the idea that crypto is sketchy.....

Within 3yrs we will have multiple crypto banks offering 4% interest loans against BTC while our BTC averages 100% increase a year...... meaning in the near future those who purchased early won’t need to sell BTC anymore and what do you think that does to prices?

The world just broke. The initial crypto models just broke. This is why my view changes drastically because the window of opportunity is so damn small now.

FFS gib will be an overlord by 2025.....fucking gib.....  lol

We already have such crypro banks, although there is risk involved. They offer 12% loans and 6% interest on your coins. I have a sizeable amount already accuring interest daily.
As the space/competitiom expands those loan rates will come down to your 2-4% as you mentioned.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 12, 2021, 10:56:20 PM
Quote from: Humble Narcissist on March 12, 2021, 11:13:19 AM
And yet no one seems to be doing that.

I believe many people including myself have answered this for you many times. I personally know people have done million dollar transactions with bitcoin, including receiving cash into their bank accounts, and send from bank accounts to exchanges. It happens every day, all day. What part of this do you struggle with?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 12, 2021, 11:00:45 PM
Quote from: Earl1972 on March 11, 2021, 07:52:35 PM
haven't read this thread since 2019

so any bitcoin millionaires here?  i remember quite a few of you had bitcoin back in those days

E

Yes. One here, the dude that started this thread. I'm sure there are others also. I now have 47.3 BTC. So at say 55K per coin that's around $2.6m.

I do plan to buy the extra 0.7 of a BTC to get to full 50.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 12, 2021, 11:07:37 PM
Quote from: Mayday on March 12, 2021, 03:02:20 PM
I have done transfers for several hundred thousands off exchanges into bank accounts.

The irony is the multi billion dollar bank I use which is the largest in the country has a 100k/day transfer limit and yet the exchange which is significantly smaller has a 50k/day limit.....yet people still want to cling to the idea that crypto is sketchy.....

Within 3yrs we will have multiple crypto banks offering 4% interest loans against BTC while our BTC averages 100% increase a year...... meaning in the near future those who purchased early won’t need to sell BTC anymore and what do you think that does to prices?

The world just broke. The initial crypto models just broke. This is why my view changes drastically because the window of opportunity is so damn small now.

FFS gib will be an overlord by 2025.....fucking gib.....  lol

Ha ha. Lol. Well I always said everyone should just make sure they own at least one coin. That's still my view. Get some Sats, and hodl.

Regarding bank limits, this may be up to the limits you have set with the bank? Or is it set by the bank? I have accounts with banks in multiple countries. Never had an issue transferring money in, or out, of any limit whatsoever (unless I myself had set a max payment out limit with the bank). Some banks have asked about the source of funds for larger incoming amounts though. I'm not a trader, but the exchange I use has a limit of 2m per person cash out per day for non-institutional customers.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 13, 2021, 02:20:19 AM
wow, blast off baby. Amazing trading experience this has been.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 13, 2021, 02:24:25 AM
Quote from: Bindare_Dundat on March 13, 2021, 02:20:19 AM
wow, blast off baby. Amazing trading experience this has been.

Hodl on tight and enjoy the ride. Will not always be one way, but obviously over time likely will be very much and very significantly upwards.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 13, 2021, 02:25:44 AM
59.3k let’s fucking go!!!  :o

Next stop 80k!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 13, 2021, 02:44:47 AM
Quote from: Mayday on March 13, 2021, 02:25:44 AM
59.3k let’s fucking go!!!  :o

Next stop 80k!

Yeah Buddy! Nothing but a Satoshi...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 13, 2021, 03:49:29 AM
 8) 8) 8) 8) 8) 8) 8) 8)
2 days of plus 45% and one day plus 37%. I'm happy.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on March 13, 2021, 08:30:17 AM
$ 59,560.96
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 13, 2021, 11:29:50 AM
Still going. could be 70k in a couple of weeks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on March 13, 2021, 11:42:10 AM
Quote from: Bindare_Dundat on March 13, 2021, 11:29:50 AM
Still going. could be 70k in a couple of weeks.

or 7k lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 13, 2021, 11:55:07 AM
Quote from: affeman on March 13, 2021, 11:42:10 AM
or 7k lol

Price floor is already above 41k.

There is so much buying pressure we didn’t even have a dead cat bounce this time. Down and straight back up to ATH.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on March 13, 2021, 12:17:38 PM
Quote from: Mayday on March 13, 2021, 11:55:07 AM
Price floor is already above 41k.

There is so much buying pressure we didn’t even have a dead cat bounce this time. Down and straight back up to ATH.

5 weeks later: 7k lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on March 13, 2021, 12:37:31 PM
Quote from: Humble Narcissist on March 12, 2021, 03:51:56 AM
None, or they'd be doing it.

(https://i.redd.it/srg6u4s3lux51.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on March 13, 2021, 01:04:17 PM
Anyone else check out this year’s 1040? Interesting question on it🤔



“At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?”
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on March 13, 2021, 02:38:30 PM
Kentucky poised to approve tax, energy incentives for cryptocurrency mining


Public records indicate that lawmakers in Kentucky appear set to approve two proposed laws aimed at incentivizing cryptocurrency mining activity in the U.S. state.

There are two bills moving through the state's legislature, known as the General Assembly. One is centered around tax incentives and, as noted by local media, is part of a broader push to draw technology businesses into Kentucky. The other measure would, if approved, extend the state's clean-energy incentives to cryptocurrency miners, provided that they meet a particular investment threshold of $1 million.

Voting records show that the Kentucky House of Representatives passed the energy bill Friday in a 74-19 vote after clearing the Senate on March 3. It's unclear at this time the extent of differences between the two chambers' bills and whether they'll need to be reconciled before final passage.

The legislature's tax-related bill passed the House of Representatives on March 3, with 84 voting to approve and 16 members not voting. According to the General Assembly's website, the tax bill was "posted for passage in the Regular Orders of the Day for Monday, March 15, 2021" in the House on Friday. A proposed amendment would sunset the tax exemption for miners in mid-2030.

The developments come as the U.S. bitcoin mining ecosystem continues to grow, drawing significant interest from institutional investors. Despite high demand for hardware, such investors are betting that the U.S. will be competitive with China as a hub for mining operations.



https://www.theblockcrypto.com/linked/98253/kentucky-poised-incentives-cryptocurrency-mining?utm_source=coinbase&utm_medium=rss
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on March 13, 2021, 03:44:26 PM
Quote from: Mayday on March 13, 2021, 02:25:44 AM
59.3k let’s fucking go!!!  :o

Next stop 80k!

Did you skip 70?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 13, 2021, 03:52:28 PM
Quote from: El Diablo Blanco on March 13, 2021, 03:44:26 PM
Did you skip 70?

I only post the next resistance price points. Milestones.

The first I said 44k and it tapped 42k
The second I said 55k-60k and it tapped 58.5k

The third will be 77k-80k or something like that. Timeframe I would suggest in the range of mid to late April. 

So I am basically saying forget any ups or downs that happen prior to that marker because that is where price is headed next. At that point we should see sell/buy decisions being made by holders.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight on March 13, 2021, 04:30:16 PM
Quote from: gib on March 12, 2021, 11:00:45 PM
Yes. One here, the dude that started this thread. I'm sure there are others also. I now have 47.3 BTC. So at say 55K per coin that's around $2.6m.

I do plan to buy the extra 0.7 of a BTC to get to full 50.

How is that goldmine in Australia performing ........... :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight on March 13, 2021, 04:44:07 PM
Quote from: affeman on March 13, 2021, 12:17:38 PM
5 weeks later: 7k lol

 :D ;D

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 13, 2021, 06:37:27 PM
Quote from: affeman on March 13, 2021, 12:17:38 PM
5 weeks later: 7k lol

The killer for people making fun at 10k then 20k then at 30k then 40k then 50k now at 60k and onwards is at some point you will need to deal with the mental side that you sat and watched it happen and missed out.

I think you are missing what ‘price floor’ actually means. sub 40k BTC price is gone forever. 40k-50k prices are probably gone forever.

Better get used to the feeling that gib is the Getbig overlord now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 13, 2021, 09:30:49 PM
Here's some historical data to put things in perspective. Ethereum has still outperformed Bitcoin in 2021 even with BTC @ $60,000. This is why looking at the big number is not the overall picture. Your return on investment would have been bigger for Ethereum.

Cardano is even more pronounced.

I would put my money into Bitcoin if it outperformed these other assets.

Now that being said yes you can hop from one crypto to another to increase gains. If I knew how to time the market perfectly I would sell all my ETH to BTC, ride it up and once it mellows out sell back to ETH and ride that up. But it is tough to time these things. And it complicates your taxes.

Ethereum Open Price:
Jan 01, 2021   737.71
Mar 14, 2021   1,908.64
Increase: 158.724973228%

Bitcoin Open Price:
Jan 01, 2021   28,994.01
Mar 14, 2021   61,159.55
Increase: 110.9385697253%
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 13, 2021, 09:34:50 PM
Here's comparing Bitcoin's historical data in 2017 vs Ethereum in 2021. Puts things in perspective!

Ethereum Open Price:
Jan 01, 2021   737.71
Mar 14, 2021   1,908.64
Increase: 158.724973228%

Bitcoin Open Price:
Jan 01, 2017   963.66
Mar 14, 2017   1,232.16
Increase: 27.8625241268%
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 13, 2021, 09:50:24 PM
Quote from: Mayday on March 13, 2021, 06:37:27 PM
The killer for people making fun at 10k then 20k then at 30k then 40k then 50k now at 60k and onwards is at some point you will need to deal with the mental side that you sat and watched it happen and missed out.

I think you are missing what ‘price floor’ actually means. sub 40k BTC price is gone forever. 40k-50k prices are probably gone forever.

Better get used to the feeling that gib is the Getbig overlord now.
If Gibs sold his 50 BTC on January 1st and bought Dogecoin he would now have the equivalent of 660.63829787 BTC! Instead he still has 50 BTC because he hodled it.

He is playing it safe by just hodling BTC. Of course the same thing applies for me. If I did not hodl my ETH and sold all to Dogecoin in January I would have also seen a dramatic increase in my portfolio. The problem is it is easy to see this in hindsight but when you are in the moment you just can't know how things will pan out. If I had a time machine and knew future prices I would have been a trillionaire by now lol! I guess we all would be.

Ethereum Open Price:
Jan 01, 2021   737.71
Mar 14, 2021   1,908.64
Increase: 158.724973228%

Bitcoin Open Price:
Jan 01, 2017   963.66
Mar 14, 2017   1,232.16
Increase: 27.8625241268%

Cardano Open Price:
Jan 01, 2021   0.1814   
Mar 14, 2021   1.0815
Increase: 496.1962513782%

Dogecoin Open Price:
Jan 01, 2021   0.0047
Mar 14, 2021   0.0621
Increase: 1221.2765957447%
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 13, 2021, 09:54:36 PM
Quote from: gib on March 12, 2021, 11:00:45 PM
Yes. One here, the dude that started this thread. I'm sure there are others also. I now have 47.3 BTC. So at say 55K per coin that's around $2.6m.

I do plan to buy the extra 0.7 of a BTC to get to full 50.
That's fucking impressive bra! But don't you mean 2.7?
47.3 +2.7 = 50 BTC
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight on March 13, 2021, 11:11:05 PM
Quote from: obsidian on March 13, 2021, 09:54:36 PM
That's fucking impressive bra! But don't you mean 2.7?
47.3 +2.7 = 50 BTC

Vinces small mistake of $ 100 000 or so  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight on March 13, 2021, 11:22:01 PM
Quote from: gib on March 13, 2021, 02:44:47 AM
Yeah Buddy! Nothing but a Satoshi...

3 Goodrums gimmicks in this topic  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 14, 2021, 01:07:33 AM
Quote from: obsidian on March 13, 2021, 09:54:36 PM
That's fucking impressive bra! But don't you mean 2.7?
47.3 +2.7 = 50 BTC

Thanks man.

Yes, sorry - typo. I have 49.3. Need .7 to get to 50. Hope that makes sense!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 14, 2021, 01:11:16 AM
Quote from: Teutonic Knight on March 13, 2021, 04:30:16 PM
How is that goldmine in Australia performing ........... :D

Hmmm, well I don't know how you know that. But yes, its true I am a part owner (shareholder) of a gold mine. How its it doing? Very well. Cost of mining at the moment is around 850 an Oz. And its selling for around 1700 an Oz. So doing well (for now anyhow).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 14, 2021, 01:26:40 AM
Ethereum is now above the price of gold  :o
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 14, 2021, 04:46:20 AM
Quote from: Griffith on March 14, 2021, 01:26:40 AM
Ethereum is now above the price of gold  :o
Ethereum Open Price 2021:
Jan 01, 2021   737.71
Feb 01, 2021   1,314.86
Mar 01, 2021   1,417.15
Mar 14, 2021   1,908.64

Bitcoin Open Price 2017:
Jan 01, 2017   963.66
Feb 01, 2017   970.94
Mar 01, 2017   1,180.04
Mar 14, 2017   1,232.16
Apr 01, 2017   1,080.61
May 01, 2017   1,421.03
Jun 01, 2017   2,404.03
Jul 01, 2017   2,436.40
Aug 01, 2017   2,727.13
Sep 01, 2017   4,901.42
Oct 01, 2017   4,395.81   
Nov 01, 2017   6,440.97
Dec 01, 2017   10,198.60
Dec 17, 2017   19,475.80

https://finance.yahoo.com/quote/BTC-USD/history?period1=1483228800&period2=1514764800&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true

https://finance.yahoo.com/quote/ETH-USD/history?p=ETH-USD
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 14, 2021, 04:48:16 AM
Quote from: Teutonic Knight on March 13, 2021, 11:11:05 PM
Vinces small mistake of $ 100 000 or so  ;D
Posting styles are different. Gib is not Venom Vince...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on March 14, 2021, 04:50:30 AM
Quote from: Teutonic Knight on March 13, 2021, 11:22:01 PM
3 Goodrums gimmicks in this topic  ;D

 :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 14, 2021, 06:53:43 AM
Perhaps a slight pull-back when trading opens on Monday?

Volume has been relatively low this weekend.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 15, 2021, 02:51:35 AM
Quote from: Griffith on March 14, 2021, 06:53:43 AM
Perhaps a slight pull-back when trading opens on Monday?

Volume has been relatively low this weekend.

Getting killed now. Slight ain't the word. India fud ........again.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 15, 2021, 03:01:20 AM
Quote from: Griffith on March 14, 2021, 06:53:43 AM
Perhaps a slight pull-back when trading opens on Monday?

Volume has been relatively low this weekend.

Fucking carnage lol !!!

Short squeeze followed by long squeeze. The chat room is in meltdown of people getting wrecked.

Loads of buying pressure at 54k so someone is snapping coins up like a demon.

I would t be surprised to find out Microstrategy got another 100M in funds and this is all him!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 15, 2021, 03:10:26 AM
Quote from: Bindare_Dundat on March 15, 2021, 02:51:35 AM
Getting killed now. Slight ain't the word. India fud ........again.

India news was out weeks ago. It isn’t that.

This is a last ditch effort for major players.

If it’s short lived, it’s just a last ditch effort to get what they can.

If it becomes a massive pullback sub 50 it’ll be a new participant.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on March 15, 2021, 04:07:29 AM
8%-10% pullbacks....beats the 30-85% ive experienced for the last 7 years. Consider yourself lucky. If this pullback stays at 55-56k range then btc will go gang busters.

Lets wait for some ETF rejections like in 2017, see what those pullbacks are like.  Seems to be the same playbook with little less effect.

100k is imminent this year, just a matter of when.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 15, 2021, 04:17:58 AM
Quote from: Mayday on March 15, 2021, 03:10:26 AM
India news was out weeks ago. It isn’t that.

This is a last ditch effort for major players.

If it’s short lived, it’s just a last ditch effort to get what they can.

If it becomes a massive pullback sub 50 it’ll be a new participant.

It was on then cover of yahoo News it did play a role for sure although I know they always go back and forth with h that nonsense

Whatever.  I'm longing this one.  Was in when we dropped into 56k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on March 15, 2021, 04:19:10 AM
Quote from: Bindare_Dundat on March 15, 2021, 04:17:58 AM
It was on then cover of yahoo News it did play a role for sure although I know they always go back and forth with h that nonsense

India’s Finance Minister, “We will allow a window for people to use Bitcoin and experiment”


Thats a big statement right there.

Mayday is right, its a last ditch effort. This playbook has been beat to death. Seasoned investors know it and we are the majority hodlers.  Desensitized to the FUD.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 15, 2021, 05:09:04 AM
1/2 billion dollars worth of bitcoin  moved from coinbase to unknown wallet
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 15, 2021, 07:28:55 AM
BTC back up to 57k and ETH at 1.8k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 15, 2021, 01:13:50 PM
Quote from: Bindare_Dundat on March 15, 2021, 04:17:58 AM
It was on then cover of yahoo News it did play a role for sure although I know they always go back and forth with h that nonsense

Whatever.  I'm longing this one.  Was in when we dropped into 56k.

India news has been out for a while on major sites. If Yahoo are only reporting on it now they are massively behind. That isn’t the reason for the sell off anyway.

The reason for the dump was an alert of a huge number of coins being moved on the Gemini exchange. The original movement was reported as a whale entering to offload which triggered the sell off but the information was later corrected to say it was a movement of coins between wallets already on the exchange......oops.....

This same thing happened in January and a month later we find out Tesla bought in......

These ‘oops’ moments are the big boys fucking with everybody and someone big will be entering the market.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 15, 2021, 01:22:46 PM
What are the tax implications for earning interest on a cryptocurrency?

For instance, 5% on Bitcoin paid every month on a cryptocurrency exchange, even if not cashed out into fiat currency would the interest still be considered as part of total income?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 15, 2021, 02:01:23 PM
Quote from: Griffith on March 15, 2021, 01:22:46 PM
What are the tax implications for earning interest on a cryptocurrency?

For instance, 5% on Bitcoin paid every month on a cryptocurrency exchange, even if not cashed out into fiat currency would the interest still be considered as part of total income?

It’s classed as an asset so it’s in the capital gain boat where you only pay tax on the exit. Assuming your interest is paid in BTC......

Otherwise the scenario would be you earn 3% on 100K = and pay tax on 3k of BTC. Price then tanks to 50k where your 3k is now worth 1.5k but you already paid tax on the 3k and you can’t get a rebate.

It’s the same as a house. You only pay upon the exit assuming your interest is paid in BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 15, 2021, 02:19:37 PM
Quote from: Mayday on March 15, 2021, 02:01:23 PM
It’s classed as an asset so it’s in the capital gain boat where you only pay tax on the exit. Assuming your interest is paid in BTC......

Otherwise the scenario would be you earn 3% on 100K = and pay tax on 3k of BTC. Price then tanks to 50k where your 3k is now worth 1.5k but you already paid tax on the 3k and you can’t get a rebate.

It’s the same as a house. You only pay upon the exit assuming your interest is paid in BTC.

Yes, classed as an asset and the interest paid in BTC.

Thanks!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 15, 2021, 05:55:41 PM
Still taking a shit. Thought for sure wed bottom out at worst 55k. Oh well, the trading up.will be worth it.  Hopefully bounce at 52k if we get that low.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 15, 2021, 07:38:49 PM
Quote from: Bindare_Dundat on March 15, 2021, 05:55:41 PM
Still taking a shit. Thought for sure wed bottom out at worst 55k. Oh well, the trading up.will be worth it.  Hopefully bounce at 52k if we get that low.

Depends how you view this dip. I commend your ball size when you went in from 56k.

The big boys liquidated 0.5B in shorts when it went to ATH. They then liquidated 1B of longs down to 54.5k. Carnage, heinous, wreckt!

It bounced from 53.2k and there is a lot of buying pressure.


If it’s a small dip I have it as:
53.6k (pretty close)
51.3k
49.2k
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight on March 15, 2021, 11:24:00 PM
Quote from: gib on March 14, 2021, 01:11:16 AM
Hmmm, well I don't know how you know that. But yes, its true I am a part owner (shareholder) of a gold mine. How its it doing? Very well. Cost of mining at the moment is around 850 an Oz. And its selling for around 1700 an Oz. So doing well (for now anyhow).


From Military Intelligence  8)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 16, 2021, 05:01:43 AM
Quote from: Griffith on March 15, 2021, 02:19:37 PM
Yes, classed as an asset and the interest paid in BTC.

Thanks!
Can you please provide more info on which platform you are using for this and what the interest rate is etc.? I am interested in doing the same. Thanks bro!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 16, 2021, 05:03:36 AM
Quote from: Mayday on March 15, 2021, 02:01:23 PM
It’s classed as an asset so it’s in the capital gain boat where you only pay tax on the exit. Assuming your interest is paid in BTC......

Otherwise the scenario would be you earn 3% on 100K = and pay tax on 3k of BTC. Price then tanks to 50k where your 3k is now worth 1.5k but you already paid tax on the 3k and you can’t get a rebate.

It’s the same as a house. You only pay upon the exit assuming your interest is paid in BTC.
If you have say Ethereum and the interesting is paid in ETH does the same apply as for BTC? I would assume so. Thanks for your input!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 16, 2021, 05:05:25 AM
https://www.forbes.com/sites/roslynlayton/2021/03/11/sec-stumbles-in-ripple-case-lost-in-a-maze-of-its-own-making/?sh=4af6bef62e9b

SEC Stumbles In Ripple Case, Lost In A Maze Of Its Own Making

(https://specials-images.forbesimg.com/imageserve/6049a631cbd906ab4fc586e3/960x0.jpg?fit=scale)
Pushback against the SEC's Ripple case reveal its arbitrary and illogical premise.

When the U.S. Securities and Exchange Commission filed its multi-billion dollar lawsuit against the blockchain technology company Ripple and two executives in December, the timing was doubly peculiar. The complaint alleged that Ripple’s sales of the cryptocurrency XRP from 2013 to the present were illegal, unregistered security offerings rather than the distribution of a digital token to build a payments network. The SEC waiting seven years to make this allegation with billions of XRP tokens now coursing through the secondary crypto markets was strange enough. But the case was also filed in the final hours of outgoing SEC chairman Jay Clayton and then dumped on an evenly-split commission heading towards a new Administration.

By watching the volley of filings heat up the case docket, it has become clear that the SEC’s decision to sue Ripple was misguided. And in recent days, a series of developments are starting to make it look like a disastrous mistake that the presumed incoming chairman, Gary Gensler, will have to sort out.

The SEC probably didn’t expect the storm that Clayton’s final act has kicked up, and it has exposed the inherent weakness in the decision to sue. It began on January 1, when a group of XRP holders led by Rhode Island attorney John E. Deaton struck back at the agency.

Deaton, a personal injury lawyer with class action experience, filed a petition in the U.S. District Court in his home state to force the SEC to exclude his XRP holdings from being defined as a security. He says he didn’t buy XRP as an investment contract and never considered it a security, and the SEC’s action against Ripple unfairly harmed him when it sent its value plunging and forced crypto exchanges to start delisting the token. After filing his action, Deaton says he was inundated with requests from thousands of fellow XRP retail holders wanting to join his case.

Last Friday, the SEC’s response to Deaton landed in Rhode Island. For those watching the Ripple case in New York, it carried an astonishing argument: the SEC asked to dismiss Deaton’s petition because no determination has yet been made on whether XRP is a security.  Put two and two together, and the SEC is saying that Ripple and its two top executives had to have reasonable knowledge of something seven years ago that the agency itself wasn’t sure about last Friday. One wonders which part of the 1933 Securities Act the SEC will eventually use to argue that Ripple is obliged to have psychic powers to operate lawfully in the United States.

Co-defendants Brad Garlinghouse and Chris Larsen, top Ripple executives, had sent letters to the New York judge on March 3, anticipating their own motions to dismiss the lawsuit with arguments around “fair notice and due process”. Two days later, the SEC’s response to Deaton only made their arguments even more obvious.  Are the SEC staff attorneys failing to show for Zoom meetings to coordinate with each other? It’s no wonder that Ripple filed Freedom of Information Act (FOIA) requests for internal SEC documents and communications that could show that while seven years worth of high-profile developments were going on related to XRP, the agency’s actions were as unclear and confusing. Kind of like the contradictory filings they just made two days apart in New York and Rhode Island.

On March 8, the SEC seemed to panic.  It fired off a letter to the New York judge demanding she strike the “fair notice” defense from the Ripple case altogether, calling it “improper” and “spurious” and seeking an immediate hearing to decide on it. If the judge disagrees, one can only wonder what is lurking in the internal SEC communications that Ripple might find from that FOIA request and other discovery measures. What internal work went into the 2018 announcement by then-Director of Corporation Finance William Hinman that ether (ETH) is not a security, given its similarities to XRP?   Which crypto exchanges asked for clear guidance from the SEC on XRP’s legal status before listing the token, and what were the agency’s internal discussions and responses? How many opportunities was the SEC given since 2013 to give Ripple and XRP holders fair notice about XRP’s status, and what went into every decision to let those opportunities pass?

I called this case the cryptocurrency trial of the century in December, and I’m being vindicated with each development. Not only is the future of the U.S. crypto industry at stake, but the arrogance of unrestrained regulators making policy through enforcement is on trial as well. The SEC has made clear it doesn’t care how many investors it harms or how many companies it drives overseas as it seeks to stretch its authority beyond common sense. The makings of what appears to be a class action lawsuit against the SEC on this issue confirms the backlash against its overreach.

The most heartening development this week was the introduction of bipartisan legislation by Rep. Patrick McHenry (R-NC), senior Republican on the House Financial Services Committee, to establish a public-private working group led by the SEC and the Commodity Futures Trading Commission (CFTC) to begin hammering out a clear regulatory framework for digital assets. I participated in a Real Clear Policy panel discussion in January with McHenry on crypto regulation, and he spoke of his determination to put an end to the agency’s overreach. It was on the same day President Biden nominated Gary Gensler to chair the SEC.

Gensler said in his Senate confirmation hearing in February that he thinks the SEC should only use its enforcement resources when it can address big problems in the markets.  So it would stand to reason that the new chairman will address the biggest problem for crypto markets by investing SEC resources in McHenry’s working group, rather than in Jay Clayton’s misguided lawsuit that might blow up in the agency’s face.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 16, 2021, 05:06:00 AM
XRP holders seek to join Ripple in fighting SEC lawsuit
In new legal filings, XRP holders blame SEC for causing ‘multi-billions in losses’ and say they intend to file a class-action lawsuit against the agency.

https://forkast.news/xrp-join-sec-lawsuit-against-ripple/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 16, 2021, 07:46:41 AM
Quote from: obsidian on March 16, 2021, 05:01:43 AM
Can you please provide more info on which platform you are using for this and what the interest rate is etc.? I am interested in doing the same. Thanks bro!

I'm using Luno, not sure if it's available in the US.

The interest rates are 4% for BTC and ETH and for USDC it is 7.6%, paid monthly. These are targeted amounts, so the interest can be higher or lower.

The crypto can be transferred in and out of a savings wallet at any time with no minimum amounts required.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 16, 2021, 02:06:22 PM
Quote from: obsidian on March 16, 2021, 05:03:36 AM
If you have say Ethereum and the interesting is paid in ETH does the same apply as for BTC? I would assume so. Thanks for your input!

Depending on your country it should be all the same providing it’s a crypto. So whether that is BTC, ETH, DOT etc all coins fall under the asset banner and will be treated the same.

Interest paid in crypto on crypto is like getting a free upgraded kitchen in your house. They will only tax you on the exit ;)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 16, 2021, 09:36:56 PM
Guys, with tax advice remember it depends on country to country. In the places I am domiciled for tax purposes, I pay zero tax on any capital gains. But yes, in some countries, the "gain" would only be taxable if realized. Makes it complicated it you are an active trader. Easier if you simply HODL. Then there's the issue of who would even know if you made gains, especially if you are not using an on-shore exchange. Some people never will sell the BTC, but will then borrow against it and spend the borrowings in local fiat currency. Some countries might require you to "mark to market" in assessing any gain. Then there's the issue of being taxed on income if you are a classified as a "professional trader" It's a complicated area! My view is acquire then HODL. At some point, if it becomes a large part of your total wealth, you will have some decision to make in terms of where you want to live globally and how you wish to realize any of those gains.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 16, 2021, 09:38:39 PM
On a different note, I am not a short term chartist. But it does seem that we have found a new base for BTC at 55K and ETH $2000. The longer these hold the stronger the base becomes for the next upward momentum move...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 16, 2021, 10:22:22 PM
If a person trades in cryptocurrency, for instance regularly exchanges one crypto for another and then stores some of their profits in a stablecoin, but never cashes out into fiat currency, would they still be taxed?

I’ve read that simply exchanging one cryptocurrency for another is a taxable event, but would this be taxed on even if it has not been sold and transferred to fiat currency?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 16, 2021, 10:45:09 PM
Quote from: Griffith on March 16, 2021, 10:22:22 PM
If a person trades in cryptocurrency, for instance regularly changes one crypto for another and then stores some of their profits in a stablecoin, but never cashes out into fiat currency, would they still be taxed?

I’ve read that simply exchanging one cryptocurrency for another is a taxable event, but would this be taxed on even if it has not been sold and transferred to fiat currency?

Because it is classed as an asset, the taxable event is based on when you started holding and when you stopped holding.

It is irrelevant what asset you moved into after you stopped holding, the initial event becomes taxable the second you stopped holding and all assets can be valued in local currency.

People in 2017-2018 got a massive wake up call when they sold their 10M BTC into XRP then got a knock on the door for a tax bill.

It’s all part of being regulated.

Depending how much you hold you could look into debt structures against BTC rather than selling or look at moving countries to friendlier tax authorities.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 16, 2021, 10:52:08 PM
Quote from: Mayday on March 15, 2021, 07:38:49 PM
If it’s a small dip I have it as:
53.6k (pretty close)
51.3k
49.2k

The dip is still in play. We aren’t out of the woods yet.

Look to the 49k-51k range.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 17, 2021, 02:54:49 AM
Quote from: Mayday on March 15, 2021, 07:38:49 PM
Depends how you view this dip. I commend your ball size when you went in from 56k.

The big boys liquidated 0.5B in shorts when it went to ATH. They then liquidated 1B of longs down to 54.5k. Carnage, heinous, wreckt!

It bounced from 53.2k and there is a lot of buying pressure.


If it’s a small dip I have it as:
53.6k (pretty close)
51.3k
49.2k

I set a stop loss when  it started heading back up and licking 56.5k. Just about broke even. slight loss.  I wasn't levergeed much and only had a small position. Just happy it bounced back up. I saw the hourly charts going red and said fuck it. Gonna wait for this next short term dip to end.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 17, 2021, 12:24:19 PM
Whoa. Who could have saw that pump coming?  Lol

Things were definitely heading down and then this happened. Haven't had time to check the news. Wonder what it was.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 17, 2021, 01:11:05 PM
Quote from: Bindare_Dundat on March 17, 2021, 12:24:19 PM
Whoa. Who could have saw that pump coming?  Lol

Things were definitely heading down and then this happened. Haven't had time to check the news. Wonder what it was.

Fed announced 0% interest rates to 2023, 7% GDP, 2% inflation and 4.5% unemployment.

Of course, they didn’t mention the fact they can’t control their debt accumulation or the required printing or what their plan is to remain solvent.

Lit up everything because hey, just show us some lofty goals but don’t say how you will do it because that will ruin the game lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 17, 2021, 01:17:31 PM
Quote from: Mayday on March 17, 2021, 01:11:05 PM
Fed announced 0% interest rates to 2023, 7% GDP, 2% inflation and 4.5% unemployment.

Of course, they didn’t mention the fact they can’t control their debt accumulation or the required printing or what their plan is to remain solvent.

Lit up everything because hey, just show us some lofty goals but don’t say how you will do it because that will ruin the game lol.

Thanks man. Also just heard some news about Goldman Sachs but I dont have the details. I'm stuck at work...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 17, 2021, 01:29:12 PM
Morgan Stanley capitulated and announced they are allowing wealthy clients access to Bitcoin funds.

Need to have 2M minimum with them for at least 6mths. Can’t allocate more than 2.5% of your total into Bitcoin.

The 2.5% is more about them wanting to prevent a sell run on their other funds otherwise we’d be seeing 10%-20% allocations going on.

Morgan’s total management value is 900B. Assume they bring a 60,000 coin demand from their clients and that is 2% of the supply in exchanges that would be removed from the supply pool......

Oracle hasn’t even bought their 70,000 coins yet (another 2.5% of supply). Other major banks will follow (94% market share).

The inbound drain of coins from exchanges is something very real. We might see a very real institutional FOMO driving the spike of price much higher than people expect this bullrun.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 17, 2021, 01:30:47 PM
Quote from: Mayday on March 17, 2021, 01:29:12 PM
Morgan Stanley capitulated and announced they are allowing wealthy clients access to Bitcoin funds.

Need to have 2M minimum with them for at least 6mths. Can’t allocate more than 2.5% of your total into Bitcoin.

The 2.5% is more about them wanting to prevent a sell run on their other funds otherwise we’d be seeing 10%-20% allocations going on.

Morgan’s total management value is 900B. Assume they bring a 60,000 coin demand from their clients and that is 2% of the supply in exchanges that would be removed from the supply pool......

Oracle hasn’t even bought their 70,000 coins yet (another 2.5% of supply). Other major banks will follow (94% market share).

The inbound drain of coins from exchanges is something very real. We might see a very real institutional FOMO driving the spike of price much higher than people expect this bullrun.

Thanks Mayday. My limit order kicked in earlier today. Lets see how far this goes. But I missed the meat of this run thus far. Damn.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 17, 2021, 05:58:12 PM
Hey obsidian? What's going on with the Ethereum miners "going on  strike" at the end of the month? What's your view on how that will effect the price? Short term/long term. Sorry if you already answered this but I've been so busy I dont have time to search the thread.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 17, 2021, 08:04:41 PM
Quote from: Bindare_Dundat on March 17, 2021, 05:58:12 PM
Hey obsidian? What's going on with the Ethereum miners "going on  strike" at the end of the month? What's your view on how that will effect the price? Short term/long term. Sorry if you already answered this but I've been so busy I dont have time to search the thread.
Actually another Ethereum Improvement Proposal just came out: EIP-3368. This proposal calls for the immediate increase of block rewards from 2 to 3. This was an initiative pushed by miners to counter the gas fee burning. Many miners are willing to accept EIP-1559 if the block reward increases to 3.

https://www.worldstockmarket.net/ethereum-developers-publish-eip-3368-to-reduce-miners-discontent-with-burning-fees/

https://eips.ethereum.org/EIPS/eip-3368

Simple Summary

Changes the block reward paid to proof-of-work (POW) miners to 3 ETH from existing 2 ETH and starts a decay schedule for next two years to 1 ETH Block Reward.

Abstract

Set the block reward to 3 ETH and then decrease it slightly every block for 4,724,000 blocks (approximately 2 years) until it reaches 1 ETH.

Motivation

A sudden drop in PoW mining rewards could result in a sudden precipitous decrease in mining profitability that may drive miners to auction off their hashrate to the highest bidder while they figure out what to do with their now “worthless” hardware. If enough hashrate is auctioned off in this way at the same time, an attacker will be able to rent a large amount of hashing power for a short period of time at relatively low cost vs. reward and potentially attack the network. By setting the block reward to X (where X is enough to offset the sudden profitability decrease) and then decreasing it over time to Y (where Y is a number below the sudden profitability decrease), we both avoid introducing long term inflation while at the same time spreading out the rate that individual miners cross into a transitional range. This approach offers a higher level of confidence and published schedule of yield, while allowing mining participants time to gracefully repurpose/sell their hardware. This greatly increases ethereums PoW security by keeping incentives aligned to ethereum and not being force projected to short term brokerage for the highest bidder. Additionally the decay promotes a known schedule of a deflationary curve, aligning to the overall Minimal Viable Issuance directive aligned to a 2 year transition schedule for Proof of Stake, consensus replacement of Proof of Work. Security is paramount in cryptocurrency blockchains and the risk to a 51% non-resistant chain is real. The scope of Ethereum’s current hashrate has expanded to hundreds of thousands of new participants and over 2.5x original ATH hashrate/difficulty. While the largest by hashrate crypto is bitcoin, ethereum is not far behind the total network size in security aspects. This proposal is focused to keep that superiority in security one of the key aspects.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 17, 2021, 08:47:34 PM
ADA making a run for the border.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: jude2 on March 17, 2021, 10:00:15 PM
Quote from: Mayday on March 17, 2021, 08:47:34 PM
ADA making a run for the border.
It is making a good run.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 18, 2021, 01:27:02 AM
Quote from: obsidian on March 17, 2021, 08:04:41 PM
Actually another Ethereum Improvement Proposal just came out: EIP-3368. This proposal calls for the immediate increase of block rewards from 2 to 3. This was an initiative pushed by miners to counter the gas fee burning. Many miners are willing to accept EIP-1559 if the block reward increases to 3.

https://www.worldstockmarket.net/ethereum-developers-publish-eip-3368-to-reduce-miners-discontent-with-burning-fees/

https://eips.ethereum.org/EIPS/eip-3368

Simple Summary

Changes the block reward paid to proof-of-work (POW) miners to 3 ETH from existing 2 ETH and starts a decay schedule for next two years to 1 ETH Block Reward.

Abstract

Set the block reward to 3 ETH and then decrease it slightly every block for 4,724,000 blocks (approximately 2 years) until it reaches 1 ETH.

Motivation

A sudden drop in PoW mining rewards could result in a sudden precipitous decrease in mining profitability that may drive miners to auction off their hashrate to the highest bidder while they figure out what to do with their now “worthless” hardware. If enough hashrate is auctioned off in this way at the same time, an attacker will be able to rent a large amount of hashing power for a short period of time at relatively low cost vs. reward and potentially attack the network. By setting the block reward to X (where X is enough to offset the sudden profitability decrease) and then decreasing it over time to Y (where Y is a number below the sudden profitability decrease), we both avoid introducing long term inflation while at the same time spreading out the rate that individual miners cross into a transitional range. This approach offers a higher level of confidence and published schedule of yield, while allowing mining participants time to gracefully repurpose/sell their hardware. This greatly increases ethereums PoW security by keeping incentives aligned to ethereum and not being force projected to short term brokerage for the highest bidder. Additionally the decay promotes a known schedule of a deflationary curve, aligning to the overall Minimal Viable Issuance directive aligned to a 2 year transition schedule for Proof of Stake, consensus replacement of Proof of Work. Security is paramount in cryptocurrency blockchains and the risk to a 51% non-resistant chain is real. The scope of Ethereum’s current hashrate has expanded to hundreds of thousands of new participants and over 2.5x original ATH hashrate/difficulty. While the largest by hashrate crypto is bitcoin, ethereum is not far behind the total network size in security aspects. This proposal is focused to keep that superiority in security one of the key aspects.

Sounds like a bandaid solution to be honest. The incentive seems to last only a few years.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 18, 2021, 01:55:40 AM
Quote from: Mayday on March 17, 2021, 08:47:34 PM
ADA making a run for the border.

yup, kicking ass lately.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on March 18, 2021, 02:14:27 AM
bitcoin spiked from 55k to 58k when the FED announced yesterday that it would keep rates unchanged to around 2023. So people are buying bitcoin in that moment as an investment for an ultra low interest rate environment; I think that fits with the view of bitcoin as a kind of digital gold. Interesting stuff to witness.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 18, 2021, 05:00:55 AM
Quote from: FitnessFrenzy on March 18, 2021, 02:14:27 AM
bitcoin spiked from 55k to 58k when the FED announced yesterday that it would keep rates unchanged to around 2023. So people are buying bitcoin in that moment as an investment for an ultra low interest rate environment; I think that fits with the view of bitcoin as a kind of digital gold. Interesting stuff to witness.

Rally based on knowing more QE is coming along with more coronavirus handouts.

We get hyperinflation on stocks, collectables, luxury goods, high end property and deflation on technology, consumer goods and wages.

We are drowning in deflation (wage deflation) because debt is inflating all things scarce making it appear like you are drowning in inflation.  Property flies up not because your wages flew up but because debt flew up. Debt is deflationary by nature because of interest. Ie It sucks out more than it puts in.

46.8M millionaires on the planet. 18.6M of them are in the US. There are 17M BTC mined coins of a possible 21M. Probably 2% of the 46.8M millionaires hold BTC.

Supply on exchanges since the pandemic has dropped from 3.1M coins to 2.6M coins resulting in a 6 fold price increase. If they rationed the remaining 2.6M coins to one per buyer, the remaining 45M millionaires have a 6% chance of owning 1 coin.

BTC becomes a blackhole triggering a deflationary spiral which will result in the endgame of monetisation of debt.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on March 18, 2021, 08:56:04 AM
so now bitcoin is being used as an email scam.  I get a random email saying I won .890989 BTC in some random draw.  Just click on the shady link to accept.  lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on March 18, 2021, 10:00:37 AM
Quote from: Mayday on March 18, 2021, 05:00:55 AM


BTC becomes a blackhole triggering a deflationary spiral which will result in the endgame of monetisation of debt.



...and at the end of all that those that orchestrated this debt end up owning everything that is real while regular people own code.  ;)

The mantra they are putting out there is "own nothing and be happy". Perfect vehicle for that.

The little people of the world are not going to rule over the elite over this novelty. You are still standing inside their casino playing their game.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 18, 2021, 10:37:09 AM
How much of a pullback do you guys think we could still see for BTC?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on March 18, 2021, 11:30:46 AM
Quote from: El Diablo Blanco on March 18, 2021, 08:56:04 AM
so now bitcoin is being used as an email scam.  I get a random email saying I won .890989 BTC in some random draw.  Just click on the shady link to accept.  lol.
The real Bitcoin is a scam.  You might as well invest in unicorn farts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 18, 2021, 04:53:06 PM
Quote from: Humble Narcissist on March 18, 2021, 11:30:46 AM
The real Bitcoin is a scam.  You might as well invest in unicorn farts.

I thought we've already discussed this with you. How can BTC be a scam? The entire ledger is public. Every single transaction is visible and recorded. 100% transparent. Perfectly limited in supply.

Fiat currency is the scam. Bitcoin is our defence against that...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 18, 2021, 06:30:17 PM
Quote from: SOMEPARTS on March 18, 2021, 10:00:37 AM


...and at the end of all that those that orchestrated this debt end up owning everything that is real while regular people own code.  ;)

The mantra they are putting out there is "own nothing and be happy". Perfect vehicle for that.

The little people of the world are not going to rule over the elite over this novelty. You are still standing inside their casino playing their game.

An understandable position but average Joe isn’t buying crypto, the wealthy are. The inbound increases in price are a result of massive wealth entering the system, us plebs can barely make it budge now.

We are massively in debt. We are solving that by increasing debt. Debt increases deflationary pressure as it’s % increases vs your output.

We will hit peak debt at which point markets are flooded with money and there is no yield left. That is the decision point.

BTC is over 1T market cap. It’s as big as silver and has passed the point of being shoved aside. At the point of market yield collapse, BTC would have averaged 100%/yr while all other asset classes provide zero yield with downside risk. Do you see the risk of a deflationary trigger there?

What price does it need you to hit to capitulate?    For me it took the event of a pandemic and a global shutdown to understand I needed a way off the island at any price.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on March 18, 2021, 06:59:00 PM
Quote from: SOMEPARTS on March 18, 2021, 10:00:37 AM


...and at the end of all that those that orchestrated this debt end up owning everything that is real while regular people own code.  ;)

The mantra they are putting out there is "own nothing and be happy". Perfect vehicle for that.

The little people of the world are not going to rule over the elite over this novelty. You are still standing inside their casino playing their game.

Not financial advice but perhaps you should put your silly little pride to the side and buy some BTC. I know it pains you but maybe just admit your were wrong.

You give far much too much power to the so called "elite"

Either you put your due diligence in and caught this train early or you didn't. You didn't.

Your pride has cost you a shit ton of money but you still have time.

(https://i.redd.it/w5ew39vz48b41.png)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on March 18, 2021, 07:10:21 PM
Quote from: Humble Narcissist on March 18, 2021, 11:30:46 AM
The real Bitcoin is a scam.  You might as well invest in unicorn farts.

"I didn't put my time in and I lost out so now I am extremely bitter at those who WERE able to recognize this revolutionary technology"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on March 18, 2021, 07:42:26 PM
Quote from: polychronopolous on March 18, 2021, 06:59:00 PM
Not financial advice but perhaps you should put your silly little pride to the side and buy some BTC. I know it pains you but maybe just admit your were wrong.

You give far much too much power to the so called "elite"

Either you put your due diligence in and caught this train early or you didn't. You didn't.

Your pride has cost you a shit ton of money but you still have time.

(https://i.redd.it/w5ew39vz48b41.png)



As stated before, I owned some before probably anyone in this thread and still have a little BTC and LTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on March 18, 2021, 08:16:16 PM
Quote from: SOMEPARTS on March 18, 2021, 07:42:26 PM


As stated before, I owned some before probably anyone in this thread and still have a little BTC and LTC.

That makes you incredibly stupid if you sold bitcoin years prior seeing as the price is 57k and gearing to go MUCH MUCH higher.

Again, not a personal knock towards you. Just a pride issue that you have.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 19, 2021, 12:14:46 AM
Quote from: Bindare_Dundat on March 18, 2021, 01:27:02 AM
Sounds like a bandaid solution to be honest. The incentive seems to last only a few years.
Yeah well proof of work was going to get phased out regardless and all miners knew that. I am surprised we can still mine Ethereum with GPUs. You could only mine Bitcoin with a GPU for about a year and then FPGA miners took over and eventually ASIC. There are ASIC miners on Ethereum also even though it is supposed to be ASIC resistant.

I think miners are shortsighted. The price of ETH will go up with EIP-1559 and so what if you get paid less ETH. In dollar terms you will probably make more. I'll enjoy GPU mining while it lasts. There are of course other coins to mine after Ethereum but right now it is the most profitable.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 19, 2021, 12:15:42 AM
Quote from: Griffith on March 14, 2021, 01:26:40 AM
Ethereum is now above the price of gold  :o
Yes Ethereum is above 1 oz of gold. And Bitcoin is above 1 kg of gold lol!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on March 19, 2021, 03:29:51 AM
Quote from: polychronopolous on March 18, 2021, 07:10:21 PM
"I didn't put my time in and I lost out so now I am extremely bitter at those who WERE able to recognize this revolutionary technology"
"revolutionary technology..."   ::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on March 19, 2021, 05:42:40 AM
scam or not, the fact BTC is now at $60K is beyond insanity, but kudos to those that bought in early and made some good cash on it.  Is it worth buying now?  Probably not.  The risk now is too high.  you can make better money in the stock market. Unless you're Elon Musk and have a billion to put in and maybe double it in a year or two but you can do that with a lot of stocks.  Just look at GME, a billion dollars into any stupid dead stock and some media hype can make you 10X your money overnight.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on March 19, 2021, 05:52:06 AM
A few of my buddies at Bridgewater Associates are starting to talk about Cardano. To me, that's very substantial as their leader isn't a crypto bull or even a big fan. Either they see potential and will make a move into it or have heard from others (Renaissance, Millennium) about it.

I don't know enough about that crypto, but they mentioned that it will soon break through their ATH resistance and establish a really juicy support in the coming month(s).

I recently bought into Ethereum with a sizable position, but will look into Cardano/ADA, especially if there is talks of it booming. I want to find a crypto that I can buy and hold for the next 5-10 years, certainly don't want to day trade. That shit is nerve wrecking.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 19, 2021, 07:08:40 AM
Quote from: El Diablo Blanco on March 19, 2021, 05:42:40 AM
scam or not, the fact BTC is now at $60K is beyond insanity, but kudos to those that bought in early and made some good cash on it.  Is it worth buying now?  Probably not.  The risk now is too high.  you can make better money in the stock market. Unless you're Elon Musk and have a billion to put in and maybe double it in a year or two but you can do that with a lot of stocks.  Just look at GME, a billion dollars into any stupid dead stock and some media hype can make you 10X your money overnight.

I think it's still early days, institutional investors are only starting to get in now.

Mainly BTC but also Ethereum.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 19, 2021, 08:22:25 AM
Quote from: El Diablo Blanco on March 19, 2021, 05:42:40 AM
scam or not, the fact BTC is now at $60K is beyond insanity, but kudos to those that bought in early and made some good cash on it.  Is it worth buying now?  Probably not.  The risk now is too high.  you can make better money in the stock market. Unless you're Elon Musk and have a billion to put in and maybe double it in a year or two but you can do that with a lot of stocks.  Just look at GME, a billion dollars into any stupid dead stock and some media hype can make you 10X your money overnight.

Huh? Its beyond insanity to stay in cash, which we know for CERTAIN is declining in value every second.

The sane person would be putting their fake fiat currency into a perfectly finite asset, decentralized and accessible globally.

How can you say the risk is "too high"? The risk is actually now far lower than at any point in Bitcoin's history, considering the global adoption, market cap, regulatory legitimization, tenure of BTC, institutional support etc.

As for the stock market, the problem is that the stocks, and their earnings, are measured in... money. Money, which as we know is declining in value over time. If a stock goes up 15%, but money supply is increased 25%, the stock as nominally risen 15%, but actually FALLEN in real terms by 10%.

You don't need a billion. But if possible you should aim to become a WholeCoiner whilst its still possible. They will be the true monetary elite in a decade from now, and almost unattainable by NoCoiners. Although occasionally we will hear of a top athlete who signs a massive deal who becomes a WholeCoiner, of someone who become one via a trust fund, or a lottery win. It's going to become rare though, and truly set this class of person apart from the other 99.99% of the population.

Still within reach. Act now, HODL. Even if you can only become a 1/10th of a WholeCoiner. DO IT NOW!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 19, 2021, 10:48:55 AM
(https://fred.stlouisfed.org/graph/fredgraph.png?width=880&height=440&id=M1)

(https://cdn.vox-cdn.com/thumbor/s7qMSKpeavBerH1LCyFPIkNrW4k=/0x0:900x500/1400x1050/filters:focal(378x178:522x322):format(jpeg)/cdn.vox-cdn.com/uploads/chorus_image/image/49493993/this-is-fine.0.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on March 19, 2021, 12:36:22 PM
Quote from: gib on March 19, 2021, 08:22:25 AM
Huh? Its beyond insanity to stay in cash, which we know for CERTAIN is declining in value every second.

The sane person would be putting their fake fiat currency into a perfectly finite asset, decentralized and accessible globally.

How can you say the risk is "too high"? The risk is actually now far lower than at any point in Bitcoin's history, considering the global adoption, market cap, regulatory legitimization, tenure of BTC, institutional support etc.

As for the stock market, the problem is that the stocks, and their earnings, are measured in... money. Money, which as we know is declining in value over time. If a stock goes up 15%, but money supply is increased 25%, the stock as nominally risen 15%, but actually FALLEN in real terms by 10%.

You don't need a billion. But if possible you should aim to become a WholeCoiner whilst its still possible. They will be the true monetary elite in a decade from now, and almost unattainable by NoCoiners. Although occasionally we will hear of a top athlete who signs a massive deal who becomes a WholeCoiner, of someone who become one via a trust fund, or a lottery win. It's going to become rare though, and truly set this class of person apart from the other 99.99% of the population.

Still within reach. Act now, HODL. Even if you can only become a 1/10th of a WholeCoiner. DO IT NOW!
You keep saying "fake fiat currency" but that currency buys stuff and has been around hundreds of years.  Your "money" is nothing but digits on a screen that no one knows who has control over.  Monopoly money is worth more unless you sell before it goes away or crashes in value.  Those who sell early make money in any pyramid scheme.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 19, 2021, 01:53:46 PM
Quote from: Humble Narcissist on March 19, 2021, 12:36:22 PM
You keep saying "fake fiat currency" but that currency buys stuff and has been around hundreds of years.  Your "money" is nothing but digits on a screen that no one knows who has control over.  Monopoly money is worth more unless you sell before it goes away or crashes in value.  Those who sell early make money in any pyramid scheme.

Agree mostly.

We need local currencies to buy shit. To function in everyday life. I think they are here for a long time, albeit massively devalued in the next 5yrs or so.

For BTC perhaps it’s best to think of it as the first ever ‘stable asset’. Instead of deciding which asset or assets to put your money into in order to keep up with monetary inflation, we now have one asset.

The eventual annualised growth of BTC will be the money supply (printing+debt). If it expands 10%, BTC will go up 10%. No more diversification into multiple assets using guesswork, put it in and keep even with every asset class’.

most importantly we will be able to save again!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 19, 2021, 06:09:11 PM
Quote from: Humble Narcissist on March 19, 2021, 12:36:22 PM
You keep saying "fake fiat currency" but that currency buys stuff and has been around hundreds of years.  Your "money" is nothing but digits on a screen that no one knows who has control over.  Monopoly money is worth more unless you sell before it goes away or crashes in value.  Those who sell early make money in any pyramid scheme.

Actually, the fake money (if it's the USD in its current form) has been around for 50 years. And whilst its used to buy stuff, it take more and more of it to buy the same stuff every day. Think of a bucket of water with a hole in it, leaking out slowly but surely. The US has ALWAYS lost value over time.

Your money is nothing put pieces of paper, totally unlimited in supply.

Bitcoin is pure mathematics, (and digital as opposed to pieces of paper). It is perfectly limited in supply and has ALWAYS gained value over time.

Those who give up the fake money and move into BTC first stand to make greater gains. So, what is the rational thing to do when presented with these facts?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 19, 2021, 06:32:18 PM
Quote from: OneMoreRep on March 19, 2021, 05:52:06 AM
A few of my buddies at Bridgewater Associates are starting to talk about Cardano. To me, that's very substantial as their leader isn't a crypto bull or even a big fan. Either they see potential and will make a move into it or have heard from others (Renaissance, Millennium) about it.

I don't know enough about that crypto, but they mentioned that it will soon break through their ATH resistance and establish a really juicy support in the coming month(s).

I recently bought into Ethereum with a sizable position, but will look into Cardano/ADA, especially if there is talks of it booming. I want to find a crypto that I can buy and hold for the next 5-10 years, certainly don't want to day trade. That shit is nerve wrecking.

"1"

You know my thoughts on alt coins. The only long term option really is BTC at this stage.

I hold ADA but the whales were buying at 0.02 and each time it gets near the ATH they dump and make 70x their money. That’s the problem for all alts because they lost 95% of their value and when it comes time for the end of this bull market the whales will dump with the fury of 1,000 Spartans.

Sure, buy ADA but you need to dump it this bull market then wait for a 80%-90% drop and buy in again.

If you want to make crazy big money it will be in 2022 after this coming peak.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight on March 19, 2021, 06:42:26 PM
Quote from: gib on March 19, 2021, 06:09:11 PM


Your money is nothing put pieces of paper, totally unlimited in supply.



Rubbish, you are pretending to be a banking "expert" , BUT you have no clue about currency made of polymer !.

+ minted gold/silver coins !.

Inform yourself "genius"  ::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on March 19, 2021, 07:50:15 PM
Latin America's first bitcoin ETF receives approval in Brazil


The first bitcoin exchange-traded fund (ETF) of Latin America has been approved in Brazil, the region's largest economy.

The bitcoin ETF was launched by QR Asset Management and is expected to be listed on Brazil's main stock exchange B3, according to a Friday announcement from QR Capital, the asset manager's holding company. The listing date has yet to be disclosed, but Reuters reported Friday that the listing will take place "by June."

The ETF, sporting the ticker symbol QBTC11, has been approved by CVM, the Securities and Exchange Commission of Brazil, said QR Capital.

QBTC11 is the fourth bitcoin ETF to receive approval in the Western Hemisphere after three Canadian bitcoin ETFs were launched in recent weeks — Purpose Bitcoin ETF, Evolve Bitcoin ETF, and CI Galaxy Bitcoin ETF.

QR Capital said the approval of QBTC11 could speed up the approval of a bitcoin ETF in the U.S. because CVM and the SEC are affiliated members of the International Organization of Securities Commissions.

Indeed, recent developments suggest that a bitcoin ETF may finally get the nod from regulators in the U.S. this year, as The Block reported last week.

There are currently four bitcoin ETF applications pending review by the SEC — each one from WisdomTree Investments, VanEck Associates Corp., NYDIG Asset Management, and Valkyrie Digital Assets.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on March 19, 2021, 08:03:50 PM
Quote from: Humble Narcissist on March 19, 2021, 03:29:51 AM
"revolutionary technology..."   ::)

You are like the guy who comes home early from work and sees the milkman strapping it to your old lady with your very eyes and STILL refuse to believe that your wife is cheating on you.

The rise of Bitcoin is unfolding before us all and yet you still think it's all a bunch of tulip mania, internet fairy dust nonsense meanwhile big time institutional firms are pumping millions upon millions of dollars into it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on March 20, 2021, 11:44:57 AM
Quote from: polychronopolous on March 19, 2021, 08:03:50 PM
You are like the guy who comes home early from work and sees the milkman strapping it to your old lady with your very eyes and STILL refuse to believe that your wife is cheating on you.

The rise of Bitcoin is unfolding before us all and yet you still think it's all a bunch of tulip mania, internet fairy dust nonsense meanwhile big time institutional firms are pumping millions upon millions of dollars into it.
With your belief in Bitcoin unicorn farts, you are much more like the milkman than me.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 20, 2021, 12:02:55 PM
https://ambcrypto.com/why-ethereum-is-still-in-the-buy-zone/

Why Ethereum is still in the ‘buy-zone’

At the current price level, Ethereum is trading at the $1800 level and it is being absorbed by HODLers who don’t sell within 2-4 years or in the short term. The asset’s total value in the ETH 2.0 deposit contract just reached an all-time high of 3,551,682 ETH. The increase in reserves signals the increasing liquidity and volatility in Ethereum’s price.

At the current price level, Ethereum is trading at the $1800 level and it is being absorbed by HODLers who don’t sell within 2-4 years or in the short term. The asset’s total value in the ETH 2.0 deposit contract just reached an all-time high of 3,551,682 ETH. The increase in reserves signals the increasing liquidity and volatility in Ethereum’s price.

Why the next supply shock will start an altcoin bull run

If Bitcoin traded sideways, it would offer Ethereum and large market cap altcoins to trend and rally. Ethereum has traditionally led the altcoin rally, so the increased volatility is a positive sign. Ethereum reserves on exchanges increased from week 1 in march, and have dropped now. The ETH 2.0 deposit contract is gaining traction and there is an increase in the number of active traders on the ETH network.

Something similar happened to Bitcoin in November 2020. Around this time, Bitcoin’s price went from 10k to 60k, that is 6x, if Ethereum’s price responded in a similar manner traders can expect at least over 3x price hike. At the current price level, Ethereum may continue to remain undervalued.

Ethereum is headed towards a massive supply shock and it may hit within the next 12 months, meaning that the impact on price will be long-term. Few important data points that directly influence the supply are 10-20% Ethereum’s supply is locked in staking, of the circulating supply $10-$20 Billion is burned in EIP 1559 every year.

Additionally, the drop in issuance of ETH would lead to a drop of 4.5% in the supply. This coupled with other drops, may shock Ethereum’s supply creating an increased demand for the asset on spot exchanges. This shortage of supply narrative is in-line with Bitcoin’s bullish narrative this market cycle.

Besides, the two assets are correlated strongly, 86% precisely. This is the highest correlation that Ethereum has with any other asset and this is playing an instrumental role in shaping up the drop in supply and driving the price rally higher.

Undervalued or not, currently ETH is in the buy zone, even at the $1800 level when it is valued in light of the upcoming supply shock and expected to increase in value in the following weeks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 20, 2021, 12:06:56 PM
https://dailyhodl.com/2021/03/20/deutsche-bank-says-bitcoin-too-big-to-ignore-after-shattering-1000000000000-market-cap/

Deutsche Bank Says Bitcoin Too Big To Ignore After Shattering $1,000,000,000,000 Market Cap

Researchers at Deutsche Bank say Bitcoin’s rise above the $1 trillion mark proves the leading cryptocurrency is here to stay – at least for the foreseeable future.

In a new report on the future of payments, the banking giant says it expects BTC to remain “ultra volatile” amid high levels of speculation.

“In the short term, Bitcoin is here to stay and its value will remain volatile… We estimate that less than 30% of transactional activity in Bitcoin is related to payment for goods and services, with the rest largely used as a financial investment.”

The report says Bitcoin “should continue to rise” based in part on its adoption among institutional investors.

“At the beginning of 2017, Bitcoin prices were below $1,000 per coin. In December of the same year, Bitcoin reached nearly $20,000. Then came the fall and by February 2018, the price had dropped to $7,000. In a year only, prices surged from $4,900 in March 2020 to hit a new high of $60,000 last Saturday. One of the most important factors driving Bitcoin’s increased demand was the entrance of hedge funds and other institutional investors.”

The report also cites the acceptance of crypto assets among Millennials as a main factor that could trigger a tipping point in the global adoption of BTC.

“Future generations may usher in mass adoption. The older people we surveyed had fears about cryptocurrencies, found them harder to understand, believed they create volatile financial bubbles (like the dotcom bust), and saw them as low-liquidity financial instruments. A third of those surveyed had no idea how cryptocurrencies work, and 40% had only a partial understanding.

By contrast, around a third of millennials believed that cryptocurrencies are replacing cash and credit/debit cards according to our exclusive survey of over 4,700 people in the United States, the United Kingdom, Germany, France, Italy, Spain and South Korea.”
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 21, 2021, 03:40:46 AM
What are your views on Polkadot (DOT)?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 22, 2021, 01:33:31 AM
Quote from: Griffith on March 21, 2021, 03:40:46 AM
What are your views on Polkadot (DOT)?

Stick to bitcoin. Its the king. Without it , ethereum and ada and the rest wouldn't be here or would be in the gutter. Ethereum only moves because of bitcoin, Ada is doing nothing but tanking and polkadot is in the same boat.

Sorry obsidian,  I hate shitting on Eth but it's mired in problems.

All these,  nft, defi, blah blah blah shitncoins are just that, shit. Only good for idiots like Mark Cuban and other billionaire morons to buy crap and brag about how wealthy they are throwing their money at garbage trading cards and "art"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 22, 2021, 01:45:32 AM
Quote from: Bindare_Dundat on March 22, 2021, 01:33:31 AM
Stick to bitcoin. Its the king. Without it , ethereum and ada and the rest wouldn't be here or would be in the gutter. Ethereum only moves because of bitcoin, Ada is doing nothing but tanking and polkadot is in the same boat.

Sorry obsidian,  I hate shitting on Eth but it's mired in problems.

All these,  nft, defi, blah blah blah shitncoins are just that, shit. Only good for idiots like Mark Cuban and other billionaire morons to buy crap and brag about how wealthy they are throwing their money at garbage trading cards and "art"
If Gibs sold his 50 BTC on January 1st and bought Dogecoin he would now have the equivalent of 660.63829787 BTC! Instead he still has 50 BTC because he hodled it.

He is playing it safe by just hodling BTC. Of course the same thing applies for me. If I did not hodl my ETH and sold all to Dogecoin in January I would have also seen a dramatic increase in my portfolio. The problem is it is easy to see this in hindsight but when you are in the moment you just can't know how things will pan out. If I had a time machine and knew future prices I would have been a trillionaire by now lol! I guess we all would be.

Ethereum Open Price:
Jan 01, 2021   737.71
Mar 14, 2021   1,908.64
Increase: 158.724973228%

Bitcoin Open Price:
Jan 01, 2017   963.66
Mar 14, 2017   1,232.16
Increase: 27.8625241268%

Cardano Open Price:
Jan 01, 2021   0.1814   
Mar 14, 2021   1.0815
Increase: 496.1962513782%

Dogecoin Open Price:
Jan 01, 2021   0.0047
Mar 14, 2021   0.0621
Increase: 1221.2765957447%
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 22, 2021, 01:56:46 AM
Quote from: Bindare_Dundat on March 22, 2021, 01:33:31 AM
Stick to bitcoin. Its the king. Without it , ethereum and ada and the rest wouldn't be here or would be in the gutter. Ethereum only moves because of bitcoin, Ada is doing nothing but tanking and polkadot is in the same boat.

Sorry obsidian,  I hate shitting on Eth but it's mired in problems.

All these,  nft, defi, blah blah blah shitncoins are just that, shit. Only good for idiots like Mark Cuban and other billionaire morons to buy crap and brag about how wealthy they are throwing their money at garbage trading cards and "art"
Those problems will be fixed. And it will have advantages over Bitcoin. The fundamentals for Ethereum look good. There's been times where the fundamentals for Bitcoin looked great but the price did not reflect it.

The world is a big place and Bitcoin is not the only game in town. Bitcoin is a store of value and that's that. The derivatives market is a lot bigger than the gold market. There's a lot more to tap into via DEFI. Ethereum, Cardano, Polkadot and others have a lot of potential. Ethereum has outperformed Bitcoin for it's entire existence. In 2017 when Bitcoin was where Ethereum is now it traded sideways for months and by this time in 2017 had not yet broken $2,000.

And with gas fee burning Ethereum would actually become deflationary. Every time a transaction occurs it would burn ETH. So over time it would add up and the supply would dry up. So Ethereum could also become a store of value. Hell I would argue it already is. 1 ETH is worth more than 1 OZ of gold. People that bought gold actually lost wealth because it did not keep up with inflation. Look at where the price of gold was 9 years ago vs now.

Here's the 2017 BTC / 2021 ETH price history:

Ethereum Open Price 2021:
Jan 01, 2021   737.71
Feb 01, 2021   1,314.86
Mar 01, 2021   1,417.15
Mar 14, 2021   1,908.64

Bitcoin Open Price 2017:
Jan 01, 2017   963.66
Feb 01, 2017   970.94
Mar 01, 2017   1,180.04
Mar 14, 2017   1,232.16
Apr 01, 2017   1,080.61
May 01, 2017   1,421.03
Jun 01, 2017   2,404.03
Jul 01, 2017   2,436.40
Aug 01, 2017   2,727.13
Sep 01, 2017   4,901.42
Oct 01, 2017   4,395.81   
Nov 01, 2017   6,440.97
Dec 01, 2017   10,198.60
Dec 17, 2017   19,475.80

https://finance.yahoo.com/quote/BTC-USD/history?period1=1483228800&period2=1514764800&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true

https://finance.yahoo.com/quote/ETH-USD/history?p=ETH-USD
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 22, 2021, 01:57:28 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 22, 2021, 01:59:26 AM
Quote from: obsidian on March 22, 2021, 01:57:28 AM


I dont trust him as far as I can throw that guy.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 22, 2021, 02:01:14 AM
Polkadot Open price:
Jan 01, 2021 9.29
Mar 21, 2021   37.36
Increase: 402%

I only hold just over 1% DOT in my portfolio though.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 22, 2021, 02:02:48 AM
This guy makes a few good points talking about the fundamentals of ETH. For ETH to go to 10K it would need an inflow of +/- $950 billion. That would give it a market cap of $1.15 trillion. Of course that would require the crypto space to grow by a few trillion dollars because not all of it would go to ETH. It sounds crazy but look how far we've come already in 2020 / 2021.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 22, 2021, 02:07:25 AM
Quote from: Griffith on March 22, 2021, 02:01:14 AM
Polkadot Open price:
Jan 01, 2021 9.29
Mar 21, 2021   37.36
Increase: 402%

I only hold just over 1% DOT in my portfolio though.
Yes Polkadot and Cardano both performed stellar in 2021. Cardano has gone up an insane amount the past 1 year even exceeding Dogecoin. Look how much Terra is up in 1 year. An astounding 15,609%!!

People get caught up in Bitcoin's price and that's almost all the media is talking about. Most people that don't know much about cryptos think Bitcoin is the only crypto. The reality is if you have $10,000 and not super wealthy and want to grow your wealth Bitcoin at this point is not the fastest horse in the race. For it to 10x from here it would need an influx of $10 trillion! The smaller market caps could 10x a lot easier. Smaller amounts of money will move them by larger amounts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 22, 2021, 02:11:15 AM
Here's Charles Hoskinson's take on the future of Cardano, he's trying to work with African governments to use ADA:

https://zycrypto.com/millions-of-africans-to-benefit-from-cardanos-expanding-ecosystem/

Millions of Africans to benefit from Cardano’s expanding ecosystem

Cardano is making more headlines as it scores points in getting allies in Africa. So far, Africa has been largely untouched by most blockchain-based tech companies, but Cardano seems to have identified quite an opportunity in the continent. The news was broken by IOHK CEO, Charles Hoskinson, in a short YouTube video.

According to Hoskinson, Cardano is working with various African governments to develop digital entities that will open the gates for millions of people to benefit from the expanding Cardano ecosystem.

Forming New Markets

Going on, Charles opines that this move will greatly contribute to helping millions of Africans that have had no prior access to digital resources and services in setting up with these long-awaited growth opportunities. These benefits will include the creation of digital identities that can be linked to rich metadata, digital wallets, and payment systems.

Granted, this is likely to result in the emergence of a new larger market based out of the digital age. Charles estimated the new market in Africa to total around $5 trillion, something that makes this a high priority for the Cardano ecosystem as a whole.

Africa is Not Poor

Charles Hoskinson doesn’t believe that Africa is a poor continent as mostly portrayed on the global stage. According to him, it’s the lack of proper resource utilization that has stunted its growth.

With a new, more advanced system, the African economy will get the chance to prevent bad decisions and curb mismanagement. This way, the real wealth in Africa can be accessible to all since there will be more accountability.

Lessons From China

In Charles’ opinion, Africa’s current economic status is a parallel to China’s a few decades ago when most people on Wall Street thought of China as a poor country.

Once China put in place measures to facilitate smooth wealth utilization, the country’s economy sprung out and has achieved steady growth for decades. China is now one of the largest economies in the world.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 22, 2021, 02:12:23 AM
This guy makes a good point about Charles Hoskinson hyping up Cardano but where are the DAPPS?!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 22, 2021, 02:15:28 AM
Quote from: Griffith on March 22, 2021, 02:11:15 AM
Here's Charles Hoskinson's take on the future of Cardano, he's trying to work with African governments to use ADA:

https://zycrypto.com/millions-of-africans-to-benefit-from-cardanos-expanding-ecosystem/

Millions of Africans to benefit from Cardano’s expanding ecosystem

Cardano is making more headlines as it scores points in getting allies in Africa. So far, Africa has been largely untouched by most blockchain-based tech companies, but Cardano seems to have identified quite an opportunity in the continent. The news was broken by IOHK CEO, Charles Hoskinson, in a short YouTube video.

According to Hoskinson, Cardano is working with various African governments to develop digital entities that will open the gates for millions of people to benefit from the expanding Cardano ecosystem.

Forming New Markets

Going on, Charles opines that this move will greatly contribute to helping millions of Africans that have had no prior access to digital resources and services in setting up with these long-awaited growth opportunities. These benefits will include the creation of digital identities that can be linked to rich metadata, digital wallets, and payment systems.

Granted, this is likely to result in the emergence of a new larger market based out of the digital age. Charles estimated the new market in Africa to total around $5 trillion, something that makes this a high priority for the Cardano ecosystem as a whole.

Africa is Not Poor

Charles Hoskinson doesn’t believe that Africa is a poor continent as mostly portrayed on the global stage. According to him, it’s the lack of proper resource utilization that has stunted its growth.

With a new, more advanced system, the African economy will get the chance to prevent bad decisions and curb mismanagement. This way, the real wealth in Africa can be accessible to all since there will be more accountability.

Lessons From China

In Charles’ opinion, Africa’s current economic status is a parallel to China’s a few decades ago when most people on Wall Street thought of China as a poor country.

Once China put in place measures to facilitate smooth wealth utilization, the country’s economy sprung out and has achieved steady growth for decades. China is now one of the largest economies in the world.
Yeah well we know how corrupt those African nations are. Not sure if this is a good or bad thing. But kudos to him for working with them. I hold Cardano and thought about converting more ETH to ADA. But I also remember holding ADA back in 2018 when it completely crashed to the bottom. It is not immune to pump and dumps either. I guess all cryptos are at risk of pump and dumps. Even stocks have this issue. Amazon stock had major 30% price corrections also back in the day.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 22, 2021, 03:21:55 AM
Quote from: obsidian on March 22, 2021, 02:02:48 AM
This guy makes a few good points talking about the fundamentals of ETH. For ETH to go to 10K it would need an inflow of +/- $950 billion. That would give it a market cap of $1.15 trillion. Of course that would require the crypto space to grow by a few trillion dollars because not all of it would go to ETH. It sounds crazy but look how far we've come already in 2020 / 2021.



I cant watch this right now but judging from what you wrote calls for 20k ethereum this year are never going to.materialize. neither will 10k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 22, 2021, 03:48:10 AM
Quote from: Bindare_Dundat on March 22, 2021, 03:21:55 AM
I cant watch this right now but judging from what you wrote calls for 20k ethereum this year are never going to.materialize. neither will 10k.
Go look at Bitcoin's price history in 2017.

It traded below $2,000 for almost half the year. Even in July 2017 it dipped below $2,000. Then in November - December it went from $6,000 - $19,253.

Many people would agree 2017 was a wild bull run. Well 2021 could very well exceed that. Sure BTC has a smaller supply so for Ethereum to match that would require a much bigger market cap. I am not going to say it is impossible judging by the past history of crypto. And the dollar is now different than it was in 2017. A lot more of it has been printed. Will ETH hit 10k or 20k before the end of the year? I don't know. Nobody knows. Is it impossible? No.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 22, 2021, 04:10:04 AM
Quote from: obsidian on March 22, 2021, 02:02:48 AM
This guy makes a few good points talking about the fundamentals of ETH. For ETH to go to 10K it would need an inflow of +/- $950 billion. That would give it a market cap of $1.15 trillion. Of course that would require the crypto space to grow by a few trillion dollars because not all of it would go to ETH. It sounds crazy but look how far we've come already in 2020 / 2021.



100B inflow would probably generate a market cap of 1T.

Market cap is last sale price x coins. It doesn’t reflect total capital investment, therefore less capital is required to jack the price. With such low market participation in a short time frame we probably only need 100B if that to jack the price of ETH to 10k+. It will also dump just as fast when money flows out.

The other one is scarcity vs price. The majority believe scarcity drives price, the more scarce something is, the higher the price. Supply/demand.

My argument is the market participants determine the value at any given point in time. At some price point they will also determine it no longer becomes more valuable regardless of scarcity which sets a ceiling on the asset market cap.

Models using scarcity as the primary driver will break at some point. There are always sellers in a market and there is a reason assets classes max out. Diamond supply is held back in order to control price but that is a reaction to the market deciding the peak value of diamonds. If they made them more scarce it wouldn’t drive up the price, people would simply buy less.

The market sets the price ceilings. Hence markets can overheat and the bulk of participants stop buying and it’s only a small last few who pump it up, then the market corrects to where the majority are happy to buy.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 22, 2021, 05:11:03 AM
For ETH:
330k x 0.031 is 10k
220k x 0.05 is 10k
The bet is the ratio increases as per previous years.


Meanwhile, I watched my first bitboy clip on YouTube and that dude has NFI. He is a prime example of not understanding scarcity and price.

Bitcoin is not running out. Owning a full Bitcoin is limited opportunity but there are 100M satoshis per coin (21,000,000,000,000,000 supply) which is 21 Quadrillion Satoshi supply. Price ceiling will be set when the market determines ultimately what 1 BTC is worth but we will always be able to buy Bitcoin in satoshi sizes. Price then increases by the money supply.

So onto my post above about scarcity vs price, at some point the market decides the price ceiling for 1 BTC. We can consider the largest market caps in existence and calculate price.

BTC 1T          —-> 60k
Silver 1.4T.     —> 84k
Apple 2T         —> 120k
Forex —> 6T per day
Gold 10T          —> 600k
Dow Jones 24T. —> 1.44M
Bond market 100T —> 6M
Real estate 100T. —> 6M

Silver, gold, forex, bond markets are the most likely to bleed capital into Crypto.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on March 22, 2021, 05:57:28 AM
You guys do know that Russia controls Etherium
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Gitur on March 22, 2021, 06:43:12 AM
bitcoin will definitely sky rocket again but so will eth and other cryptos. Its just a matter of time.

The issue is people go into the investment telling themselves they will wait it out as a long term investment but end up having no patience whatsoever and keep moving shit around.

most of these people dont have alot in the bank and are anxious to make a profit. imo dont play with more than you are willing to lose, too much stress. just invest and hold.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: epic is back on March 22, 2021, 06:48:24 AM
pump pump pump

then dump
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 22, 2021, 07:09:32 AM
Quote from: Humble Narcissist on March 20, 2021, 11:44:57 AM
With your belief in Bitcoin unicorn farts, you are much more like the milkman than me.

Dude, you can buy now, and enjoy a 10x return if BTC his 500K.

Or you could be like Mr Anabolic, and fight a futile resistance, and miss out on a 10x return (as he did by refusing to buy at 5K...). *In fact he actually was even defiantly refusing to buy at $300. Imagine, you have it all handed to you on a place. Your are part of a community that gives you a heads up on an opportunity. And you live in a 1st world with access to money where you can actually still secure your future. Instead you piss it away, talking about unicorn farts, while your opportunity slips away to Billions of other hungry humans who will soon scramble for piece of BTC en mass.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 22, 2021, 07:40:42 AM
Quote from: gib on March 22, 2021, 07:09:32 AM
Dude, you can buy now, and enjoy a 10x return if BTC his 500K.

Or you could be like Mr Anabolic, and fight a futile resistance, and miss out on a 10x return (as he did by refusing to buy at 5K...). *In fact he actually was even defiantly refusing to buy at $300. Imagine, you have it all handed to you on a place. Your are part of a community that gives you a heads up on an opportunity. And you live in a 1st world with access to money where you can actually still secure your future. Instead you piss it away, talking about unicorn farts, while your opportunity slips away to Billions of other hungry humans who will soon scramble for piece of BTC en mass.

If it does reach that amount, what timeframe do you see BTC hitting 500k?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 22, 2021, 09:54:32 AM
Quote from: Griffith on March 22, 2021, 07:40:42 AM
If it does reach that amount, what timeframe do you see BTC hitting 500k?

Next week.


Joking obviously. 

I'm going to go out on a limb and say we won't even hot 100k this year so if that gives you a better time frame.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 22, 2021, 11:30:12 AM
Quote from: Griffith on March 22, 2021, 07:40:42 AM
If it does reach that amount, what timeframe do you see BTC hitting 500k?

500k will assume multiple peaks as no way will that happen in a single move without a major correction. Timeframe for multiple peaks is year end or start of 2022.

If we have a single peak it’ll most likely be over by end of June.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 22, 2021, 12:38:38 PM
Quote from: Mayday on March 22, 2021, 04:10:04 AM
100B inflow would probably generate a market cap of 1T.

Market cap is last sale price x coins. It doesn’t reflect total capital investment, therefore less capital is required to jack the price. With such low market participation in a short time frame we probably only need 100B if that to jack the price of ETH to 10k+. It will also dump just as fast when money flows out.

The other one is scarcity vs price. The majority believe scarcity drives price, the more scarce something is, the higher the price. Supply/demand.

My argument is the market participants determine the value at any given point in time. At some price point they will also determine it no longer becomes more valuable regardless of scarcity which sets a ceiling on the asset market cap.

Models using scarcity as the primary driver will break at some point. There are always sellers in a market and there is a reason assets classes max out. Diamond supply is held back in order to control price but that is a reaction to the market deciding the peak value of diamonds. If they made them more scarce it wouldn’t drive up the price, people would simply buy less.

The market sets the price ceilings. Hence markets can overheat and the bulk of participants stop buying and it’s only a small last few who pump it up, then the market corrects to where the majority are happy to buy.
Ok that's interesting thanks for clarifying. How does that work? Why would only 100B needed to move Ethereum's market cap from 200B to 1T?

Bank of America strategists suggested to Bloomberg that the price of BTC can be moved 1% for just $93 million. And it is estimated $40 billion dollars of the $1.9 trillion stimulus could find it's way into cryptos!

https://finance.yahoo.com/news/bitcoin-could-boom-430-ethereum-133606997.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 22, 2021, 01:51:37 PM
Quote from: obsidian on March 22, 2021, 12:38:38 PM
Ok that's interesting thanks for clarifying. How does that work? Why would only 100B needed to move Ethereum's market cap from 200B to 1T?

Bank of America strategists suggested to Bloomberg that the price of BTC can be moved 1% for just $93 million. And it is estimated $40 billion dollars of the $1.9 trillion stimulus could find it's way into cryptos!

https://finance.yahoo.com/news/bitcoin-could-boom-430-ethereum-133606997.html

Say you bought ETH for $500. If someone buys today for $1,800 Do you receive $1,300? No. Only the person they purchase the ETH from receives the $1,800.

Lets create 1M gibcoins and he has all of them. I determine they are valued at $1ea and I buy 500k. The market cap is now 1M with a capital injection of 500k (2x). You then come along and you determine they are worth $10ea and you buy 100k for 1M. Market cap is now 10M with a 1M capital injection 10x).

That’s how it works. Same with the sharemarket. Volatility is inverse to liquidity where high volatility results from low liquidity and vice versa. It’s why bond markets are the most liquid in the world and also have the lowest yield. Big money flattens yield curves but increases liquidity.


The above also leads  into my posts about scarcity vs price.

We are seeing a ‘scarcity’ valuation reaction to Bitcoin right now.

Coins leaving exchanges = price is too cheap (what we are seeing currently)
Coins entering exchanges = price is high and a great time to get out

Supply has been leaving exchanges for longer than any previous crypto history. Even at 60k, coins were still leaving exchanges and decreasing supply. At the point where we see that trend reverse and supply increases, we will have a short period of lag before the market cycle top.

Does that help?



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on March 22, 2021, 02:09:56 PM
Bitcoin is taking a beating today.

Seems like a lot of media outlets are ganging up on it and Jerome Powell's latest statements aren't helping.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 22, 2021, 02:28:10 PM
Quote from: OneMoreRep on March 22, 2021, 02:09:56 PM
Bitcoin is taking a beating today.

Seems like a lot of media outlets are ganging up on it and Jerome Powell's latest statements aren't helping.

"1"

They are wrecking anyone going long of late. 138M liquidated in 10mins yesterday. People don’t learn. Don’t go 10x margin then go to bed lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 22, 2021, 03:27:59 PM
Quote from: OneMoreRep on March 22, 2021, 02:09:56 PM
Bitcoin is taking a beating today.

Seems like a lot of media outlets are ganging up on it and Jerome Powell's latest statements aren't helping.

"1"

Well the media is certainly a source i trust. What did Powell say this time 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on March 22, 2021, 03:43:23 PM
Quote from: Bindare_Dundat on March 22, 2021, 03:27:59 PM
Well the media is certainly a source i trust. What did Powell say this time

The media is effective because it induces fear by way of misinformation. That's their best talent.

Powell said: "Crypto assets are highly volatile - see bitcoin - and therefore not really useful as a store of value"  "They're not backed by anything. They're more of an asset for speculation."

Now, I think our FIAT currency is just as volatile and losing value by the minute, but Powell needs to preach the sermon of the powerful dollar, as he holds the keys to the printing press. His description of BitCoin as an asset for speculation is harmful, as it makes investors worry that their money can disappear overnight, which in some instances it has when BitCoin drops by > 10%.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 22, 2021, 04:59:40 PM
Quote from: OneMoreRep on March 22, 2021, 03:43:23 PM
The media is effective because it induces fear by way of misinformation. That's their best talent.

Powell said: "Crypto assets are highly volatile - see bitcoin - and therefore not really useful as a store of value"  "They're not backed by anything. They're more of an asset for speculation."

Now, I think our FIAT currency is just as volatile and losing value by the minute, but Powell needs to preach the sermon of the powerful dollar, as he holds the keys to the printing press. His description of BitCoin as an asset for speculation is harmful, as it makes investors worry that their money can disappear overnight, which in some instances it has when BitCoin drops by > 10%.

"1"

Thanks for the summary.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 22, 2021, 10:39:18 PM
The fact that Powell even mentions Bitcoin in a testimony should be a telling sign to its future importance.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 22, 2021, 10:50:11 PM
Poor. Old. Mr Anabolic...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 22, 2021, 11:54:47 PM
It is always useful to have a second opinion on matters. The dollar is losing value though. So would people really want to get out of cryptos back into an asset like the dollar that's being devalued? I am not so sure about that. I sell all my cryptos what now? Oh shit I have dollars! What the fuck am I going to do with it? I either better spend it asap or invest it. In what though?!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 23, 2021, 12:03:26 AM
Well that's exactly what happens. Anyone who buys fiat with Bitcoin suddenly realizes they are holding in inferior asset destined to decline in value. So they often then quickly cash out of fiat and get back into the security of Bitcoin again. Its best just to HODL in my view...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 23, 2021, 12:55:08 AM
Your view changes depending on what your money can do for you vs what holding in crypto can do.

Life happens.

Just keep in mind that in a few weeks from now we will see the supply on exchanges begin to increase as the whales start to dump their holdings. Yes we will have a bull mad bullrun but we will have a massive dump afterwards.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 23, 2021, 01:40:33 AM
Quote from: Mayday on March 23, 2021, 12:55:08 AM
Your view changes depending on what your money can do for you vs what holding in crypto can do.

Life happens.

Just keep in mind that in a few weeks from now we will see the supply on exchanges begin to increase as the whales start to dump their holdings. Yes we will have a bull mad bullrun but we will have a massive dump afterwards.
Where do you keep track of this? Link? It would be a good idea to front run that in order to hopefully buy more at the dip. But the correction would have to be significant enough. I have diamond hands but not going to sit and miss opportunities. I already have to pay taxes on some of my trades this year so I might as well trade a few more times.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 23, 2021, 02:12:20 AM
Once this week is done, it'll be green across the board.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on March 23, 2021, 09:05:47 AM
Quote from: obsidian on March 23, 2021, 01:40:33 AM
Where do you keep track of this? Link? It would be a good idea to front run that in order to hopefully buy more at the dip. But the correction would have to be significant enough. I have diamond hands but not going to sit and miss opportunities. I already have to pay taxes on some of my trades this year so I might as well trade a few more times.

I cant speak  for Mayday as I dont trade.  Glassnode onchain data analytics is a good starting point.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 23, 2021, 09:49:14 AM
Quote from: gib on March 22, 2021, 10:50:11 PM
Poor. Old. Mr Anabolic...

LOL at the British Pound.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 23, 2021, 09:52:03 AM
Biden administration considering a new 3 trillion dollar stimulus package:

https://www.marketwatch.com/story/biden-eyes-3-trillion-package-for-infrastructure-schools-families-01616462242
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 23, 2021, 12:50:22 PM
Quote from: obsidian on March 23, 2021, 01:40:33 AM
Where do you keep track of this? Link? It would be a good idea to front run that in order to hopefully buy more at the dip. But the correction would have to be significant enough. I have diamond hands but not going to sit and miss opportunities. I already have to pay taxes on some of my trades this year so I might as well trade a few more times.

Glassnode for market data as the oak mentioned and I use TradingView for charts.

I wasn’t using anything 6 weeks ago and got burned following some people who got things wrong so I search out the data myself and consider what I feel are the key drivers.

This time around I got the peak and the dip model pretty bang on. I had another 100k in at 46k and 48k so I was pretty happy and almost zero stress for me this time around.

Depending on what I see at around 80k I might trade my alt coin positions outside of ETH.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 23, 2021, 12:57:08 PM
Quote from: Mayday on March 23, 2021, 12:50:22 PM
Glassnode for market data as the oak mentioned and I use TradingView for charts.

I wasn’t using anything 6 weeks ago and got burned following some people who got things wrong so I search out the data myself and consider what I feel are the key drivers.

This time around I got the peak and the dip model pretty bang on. I had another 100k in at 46k and 48k so I was pretty happy and almost zero stress for me this time around.

Depending on what I see at around 80k I might trade my alt coin positions outside of ETH.

Do you think BTC at 54-55k is near the bottom in this pullback?

And what timeframe do you see BTC potentially reaching 80k?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 23, 2021, 01:45:33 PM
Quote from: Griffith on March 23, 2021, 12:57:08 PM
Do you think BTC at 54-55k is near the bottom in this pullback?

And what timeframe do you see BTC potentially reaching 80k?

I did this for my bottom target:
March is historically a negative growth month.
Feb closed at 44k.
Fib retracement was getting down to 41k and we have 39k-42k resistance/support which is also around a 29% wick. I had 46.7k as the first dip which is typically smaller that a second.

Then I considered the huge buying pressure of late. I figured it was possible a 2nd dip wouldn’t happen or it would be weaker than the first.

That’s how I came to my plan.

For this ‘weak’ dip I had the bottom at 52.8k and I see a wick to 52.9k so it’s pretty close and it did bounce rather than break it.

54.5k has heavy support but if that breaks it’ll probably head towards 49k I think.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 23, 2021, 06:37:37 PM
Id be very surprised to see it go below 50k. But who really knows?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 23, 2021, 06:45:40 PM
50 seems like a pretty decent base to build a new support level.

But even it if fell to 10K, that would still make it 50% on the year form the 5K low. I could imagine some scenarios where we got a fall to 20K, or even 10K. But the longer term direction seems ever upwards over time. If we get another bid drop I'm loading up the truck to hover up those Sats...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 23, 2021, 07:45:46 PM
12,000 coins pulled from the exchange. Going to be someone Massive, a new market participant perhaps? No announcements yet so perhaps they haven’t finished buying? Oracle?

2017 coin reduction on exchanges prior to bullrun was 10% 1M down to 0.9M
2021 coin reduction on exchanges so far is 22.5% —> 3.1M down to 2.4M
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on March 23, 2021, 09:58:35 PM
Something is going on, blockfi just dropped the interest rate on my coins to .5% as of the beginning of April. (Shifting over to ledn for 6%) More and more players taking long positions and forgoing shorting the market.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 23, 2021, 10:56:35 PM
Quote from: Theoak* on March 23, 2021, 09:58:35 PM
Something is going on, blockfi just dropped the interest rate on my coins to .5% as of the beginning of April. (Shifting over to ledn for 6%) More and more players taking long positions and forgoing shorting the market.

I’m just not feeling bad that your minimum 1.1M in BTC is only earning you 0.5% interest lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on March 24, 2021, 12:51:43 AM
Quote from: Mayday on March 23, 2021, 10:56:35 PM
I’m just not feeling bad that your minimum 1.1M in BTC is only earning you 0.5% interest lol.


Im feeling much better after this.


"You can now buy a Tesla with Bitcoin"
Elon Musk
@elonmusk
·

Tesla is using only internal & open source software & operates Bitcoin nodes directly.

Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 24, 2021, 01:09:02 AM
Quote from: Theoak* on March 24, 2021, 12:51:43 AM

Im feeling much better after this.


"You can now buy a Tesla with Bitcoin"
Elon Musk
@elonmusk
·

Tesla is using only internal & open source software & operates Bitcoin nodes directly.

Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.

I’d love a Tesla but I drive too much.

Then there is the part where trying to pretend I am environmental friendly whilst drive a 2T, 5 seater car to work just with myself in it kind of fails lol.  Fuck it, I’ll stick to my M5 and burn fuel like a bastard!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 24, 2021, 01:30:02 AM
these drops and runs back up are making me some seriously good $$ leverage trading. Love it.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on March 24, 2021, 01:33:12 AM
Quote from: Mayday on March 24, 2021, 01:09:02 AM
I’d love a Tesla but I drive too much.

Then there is the part where trying to pretend I am environmental friendly whilst drive a 2T, 5 seater car to work just with myself in it kind of fails lol.  Fuck it, I’ll stick to my M5 and burn fuel like a bastard!

Dont care for a tesla, v8 man my self. I would never purchase one. Have 3 cars that are v8s and another getting built. Couldnt enjoy something I cant hear when your redline it.

Thats more in response to obsidian posting  a video stating tesla will sell its bitcoin holdings this bull market.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 24, 2021, 02:45:32 AM
Quote from: Theoak* on March 24, 2021, 01:33:12 AM
Dont care for a tesla, v8 man my self. I would never purchase one. Have 3 cars that are v8s and another getting built. Couldnt enjoy something I cant hear when your redline it.

Thats more in response to obsidian posting  a video stating tesla will sell its bitcoin holdings this bull market.
I don't agree with that guy (Alex Becker). But I do like to hear other opinions and not live in an echo chamber. Alex cracks me up though. There are people that think like that and he is right not everyone can make money in crypto. There have to be losers so there can be winners. People that are emotional and react to fud and fomo all the time will get rekked.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 24, 2021, 03:14:29 AM
Quote from: Theoak* on March 24, 2021, 01:33:12 AM
Dont care for a tesla, v8 man my self. I would never purchase one. Have 3 cars that are v8s and another getting built. Couldnt enjoy something I cant hear when your redline it.

Thats more in response to obsidian posting  a video stating tesla will sell its bitcoin holdings this bull market.

Nice.

My wife had a Mercedes C63 and I had the M5 which was a really good mix. Had a 700hp supercharged Aussie V8 muscle car a little while back. Looked crazy wicked all blacked out and lowered. Problem was I live in an area where they don’t have cars like that and I got chased by cops 4 times so I gave up and sold it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on March 24, 2021, 03:53:05 AM
Quote from: Mayday on March 24, 2021, 03:14:29 AM
Nice.

My wife had a Mercedes C63 and I had the M5 which was a really good mix. Had a 700hp supercharged Aussie V8 muscle car a little while back. Looked crazy wicked all blacked out and lowered. Problem was I live in an area where they don’t have cars like that and I got chased by cops 4 times so I gave up and sold it.

Have a 67, 68(current build) and 69 american muscle cars. High horsepower. Cops tend to leave me alone as theyre show car quality. Club reg too. Might he bit different here as there is a big muscle car following in Vic and cops tend to leave us alone. 

Aussie muscle cars are fetching crazy prices. Especially since holden stopped manufacturing.

C63 are a different kind of.animal. im more SUV as daily driver cant go back to a sedan. Wife has a Rangey and for the price you pay its a POS. Nothing special.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 25, 2021, 07:26:58 AM
https://coinmarketcap.com/headlines/news/bitcoin-doge-elon-musk-set-pump-defi/

After Bitcoin and Doge Elon Musk All Set to Pump “DeFi”

Elon Musk is notorious for shilling Dogecoin quite often and Bitcoin a few of the times post-Tesla’s $1.5 billion Bitcoin purchase. However, now he has set his eyes on the defi market, the biggest success story from the crypto space in 2020. Musk tweeted

Don’t  defy Defi

Don’t defy DeFi

— Elon Musk (@elonmusk) March 25, 2021

Only yesterday Tesla opened its long-awaited Bitcoin payment option for its cars in the US Customers and more importantly set up its Bitcoin node with open-source software. Musk also promised that all the Bitcoin from car purchases would be kept on their node and won’t be converted to fiat.

Musk’s regular dogecoin tweets also put him in trouble as SEC suggested earlier that they might question tech billionaires for his irresponsible tweets.

Is Musk Following Defi Boom?

Decentralized Finance or Defi became one of the biggest success stories of 2020 turning into a multi-billion dollar industry. The total value locked in defi reached $45 billion this February.  Given Musk’s interest in cryptocurrencies, it’s not a big surprise if he has been following the boom.

Musk also proposed selling an NFT on defi protocol Polygon-powered Cent.

🚀 First @jack, and now it’s the legendary "Technoking of Tesla" @elonmusk using Polygon!

🔥 You can own this Elon Musk autographed tweet on the Polygon-powered platform Valuables @cent.

The current bid for ownership of this NFT is at 1.12M$ 👀 https://t.co/fMNV7SBVNy

— Polygon (previously Matic) (@0xPolygon) March 16, 2021

With Bitcoin’s mainstream boom eminent, the next big tech to see mainstream financial adoption could be Defi as many believe it could be the future of banking including many in the US regulatory circles. Defi has also gained a lot of traction in the Forex market and many see defi based Forex market as a potential multi-billion dollar industry.

Elon Musk tweet has said to pump Dogecoin on several occasions, while many believed his Twitter profile addition of Bitcoin pumped the price of a top cryptocurrency by 10% in under 30 minutes. His recent tweet on Defi is being interpreted as his interest and support for the crypto ecosystem and one should watch out for price fluctuation in the defi market as has been the case with most of Musk’s tweet.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on March 25, 2021, 10:27:54 AM
Quote from: Griffith on March 25, 2021, 07:26:58 AM
https://coinmarketcap.com/headlines/news/bitcoin-doge-elon-musk-set-pump-defi/

After Bitcoin and Doge Elon Musk All Set to Pump “DeFi”

Elon Musk is notorious for shilling Dogecoin quite often and Bitcoin a few of the times post-Tesla’s $1.5 billion Bitcoin purchase. However, now he has set his eyes on the defi market, the biggest success story from the crypto space in 2020. Musk tweeted

Don’t  defy Defi

Don’t defy DeFi

— Elon Musk (@elonmusk) March 25, 2021

I like Musk for his genius ingenuity and willingness to take technology to the next level. That said, I think he is a master troll and would do VERY well in a place like GetBig, assuming he can get over all the pictures of oiled-up bodybuilders.

My wonder now is, which defi crypto will he pump billions into? Obvious money would be on Ethereum. But what if he picks a smaller outfit, say PolkaDot, Cardano or Tether, due to his ability to snatch up a shit load with his millions/billions?

He has such power to essentially create pump & dump scenarios and create fantastic profit-generating opportunities for day traders.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 25, 2021, 03:33:23 PM
For real world defi today, Ethereum dwarfs every other alt coin in terms of transactions and adoption.

exchanges are speculation driven which gives a misleading view on adoption and usage.

People look at ADA and think hey it’s 15% market cap of ETH therefore it can overtake it. The reality is the transaction fees is generated might be 0.5% because projects are not actually using it on a large scale.

You wind up with a massive split between usage and adoption vs market value. This is exactly why 80% of alt coins disappear each year. Hype the coin, dump the coin, oh shit it turns out nobody was really using it.....then it dies and the project team vanish and then create a new coin and try again.
 

Here is a really good site I recommend everybody take 2 minutes to look at. The top 10 are the ones to watch because they hold the leading adoption and usage positions.

https://cryptofees.info/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on March 25, 2021, 04:49:00 PM
Y’all see this?



https://www.cnbc.com/2021/03/25/fidelity-wants-to-launch-a-bitcoin-etf-cryptocurrency-sec.html




Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 25, 2021, 09:27:20 PM
Quote from: Thin Lizzy on March 25, 2021, 04:49:00 PM
Y’all see this?



https://www.cnbc.com/2021/03/25/fidelity-wants-to-launch-a-bitcoin-etf-cryptocurrency-sec.html

A bunch of of ETF applications have gone in very recently. They are in a race.

Grayscale will end up converting to an ETF I assume.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 26, 2021, 03:45:09 AM
Quote from: Mayday on March 25, 2021, 09:27:20 PM
A bunch of of ETF applications have gone in very recently. They are in a race.

Grayscale will end up converting to an ETF I assume.

Correct, yes that's the plan for GreyScale.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 26, 2021, 01:38:04 PM
I guess these guys don't think GPU mining is going anywhere. They have balls or perhaps they know something others don't?!

https://www.coindesk.com/hut8-nvidia-mining-gpu-purchase

Hut 8 Buys $30M Worth of Nvidia’s New Crypto Mining GPUs

Hut 8 (HUT) has purchased $30 million of Nvidia’s new crypto mining-specific graphics processing units (GPU) to help the company expand into mining for other cryptocurrencies besides bitcoin (BTC, +3.43%).

Called a Cryptocurrency Mining Processor (CMP), the new GPU was launched earlier this year to target professional cryptocurrency miners. Nvidia introduced the GPU, in part, to steer those miners away from its other GPUs following complaints by the company’s core gaming customers frustrated by shortages caused by miner demand.

In the company’s Q4 earnings call, Nvidia CEO Colette Kress said she expected about $50 million in total CMP sales during the new product’s first quarter this year, per CoinDesk’s prior reporting. Hut 8 filled 60% of that target in one order.

The machines “open up new opportunities” for Hut 8’s plans for diversified revenue streams, said CEO Jamie Leverton in a statement. The new CMPs will add roughly 1,600 GH of power to the firm’s mining capacity, which it will use to mine alternate blockchains. Hut 8 expects full delivery and deployment of the CMPs this summer.

Allocating mining capacity to alternate blockchains like Ethereum “has been rewarded handsomely by public market investors as seen by the stock price of Hive compared to [its] Canadian-traded counterparts who have focused on Bitcoin to date,” said Ethan Vera, co-founder of Seattle-based mining company Luxor Technology, in a direct message with CoinDesk. Now Hut 8 wants some of the profit.

Shares of the Toronto-based company have gained 130% year to date to just above $7. Bitcoin has climbed 77% over the same period.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 26, 2021, 01:53:11 PM
Quote from: obsidian on March 26, 2021, 01:38:04 PM
I guess these guys don't think GPU mining is going anywhere. They have balls or perhaps they know something others don't?!

https://www.coindesk.com/hut8-nvidia-mining-gpu-purchase

Hut 8 Buys $30M Worth of Nvidia’s New Crypto Mining GPUs

Hut 8 (HUT) has purchased $30 million of Nvidia’s new crypto mining-specific graphics processing units (GPU) to help the company expand into mining for other cryptocurrencies besides bitcoin (BTC, +3.43%).

Called a Cryptocurrency Mining Processor (CMP), the new GPU was launched earlier this year to target professional cryptocurrency miners. Nvidia introduced the GPU, in part, to steer those miners away from its other GPUs following complaints by the company’s core gaming customers frustrated by shortages caused by miner demand.

In the company’s Q4 earnings call, Nvidia CEO Colette Kress said she expected about $50 million in total CMP sales during the new product’s first quarter this year, per CoinDesk’s prior reporting. Hut 8 filled 60% of that target in one order.

The machines “open up new opportunities” for Hut 8’s plans for diversified revenue streams, said CEO Jamie Leverton in a statement. The new CMPs will add roughly 1,600 GH of power to the firm’s mining capacity, which it will use to mine alternate blockchains. Hut 8 expects full delivery and deployment of the CMPs this summer.

Allocating mining capacity to alternate blockchains like Ethereum “has been rewarded handsomely by public market investors as seen by the stock price of Hive compared to [its] Canadian-traded counterparts who have focused on Bitcoin to date,” said Ethan Vera, co-founder of Seattle-based mining company Luxor Technology, in a direct message with CoinDesk. Now Hut 8 wants some of the profit.

Shares of the Toronto-based company have gained 130% year to date to just above $7. Bitcoin has climbed 77% over the same period.

For $30 million you can buy 16,666 RTX 3090 GPU's priced @ $1800  a pop. Though I doubt they would be able to get their hands on that many 3090s due to supply shortages. Which is why they settled for the mining cards.

16,666.666 RTX 3090's x 120 mh/s = 2,000,000 mh/s = 2,000 gh/s
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 26, 2021, 01:54:43 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 26, 2021, 02:34:03 PM
Never dropped below 50k. April will explode imo
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight on March 26, 2021, 04:39:41 PM
Quote from: gib on March 26, 2021, 03:45:09 AM
Correct, yes that's the plan for GreyScale.


Hey Vince , when will you travel to Aotearoa  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 26, 2021, 07:57:05 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 26, 2021, 08:04:57 PM
Quote from: Teutonic Knight on March 26, 2021, 04:39:41 PM

Hey Vince , when will you travel to Aotearoa  ;D

Next on my list after my upcoming trip to Niberia.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 27, 2021, 12:48:22 AM
Damn Bitboy's crypto portfolio is over $10 million. Not bad! Must be a Getbigger!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight on March 27, 2021, 03:14:53 PM
Quote from: gib on March 26, 2021, 08:04:57 PM
Next on my list after my upcoming trip to Niberia.

do you plan to learn the haka  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 27, 2021, 09:15:45 PM
Quote from: obsidian on March 27, 2021, 12:48:22 AM
Damn Bitboy's crypto portfolio is over $10 million. Not bad! Must be a Getbigger!



He doesn’t understand that bitcoins are not running out. There is always sellers. Price simply goes up the more people HODL but because each coin is divisible by 100M there is 21 quadrillion supply of BTC at satoshi level.

This is kind of where I have a problem with BTC. This guy has 10M and by year end he could be around 100M...... then in a very, very short time he will be a billionaire and the whales will all be trillionaires and the richest people on the planet. Hmmmmmm

I then take issue with the scarcity=Valuable argument. I understand supply/demand however the buyer determines whether something is valuable or not. Something can be scarce and worth fuck all. Something can be scarce and then regardless of how much more scarce you make it, value is capped determined by the buyer so you curb supply to work on the price ceiling the market will accept.

It just doesn’t feel right to me. Something has to go wrong lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 27, 2021, 09:19:28 PM
Quote from: obsidian on March 27, 2021, 12:48:22 AM
Damn Bitboy's crypto portfolio is over $10 million. Not bad! Must be a Getbigger!



Too poor, too slim and too much of a pretty boi to be a getbigger.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on March 28, 2021, 07:39:51 AM
The smug, punchable faces on these knowitall crypto youtubers is enough to keep me away.  :D

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 28, 2021, 10:49:01 AM
Has eth 2.0 been delayed again? Any confirmation on this?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 28, 2021, 11:32:45 AM
Quote from: Bindare_Dundat on March 28, 2021, 10:49:01 AM
Has eth 2.0 been delayed again? Any confirmation on this?
The layer 2 scaling solution called Optimism has been delayed. Uniswap 3.0 is going to use that. Basically the transactions will be confirmed off the blockchain to lower fees and improve speed. Proof of Work like Bitcoin and ETH 1.0 is a slow process with lower transaction speeds.

Optimism was supposed to be ready sometime in March and now they are saying no potentially July.

ETH 2.0 is something completely different and involves Proof of Stake. This is already up and running with billions staked in ETH 2.0. But everything is not ready to switch the entire Ethereum 1.0 network over to Ethereum 2.0. That's supposed to happen next year.

Also note that EIP-1556 where fees are burned has got nothing to do with Ethereum 2.0. It is just a plan to deflate the supply of ETH. It won't really reduce fees. That's what Layer 2 solutions like Optimism is for. There are other Layer 2 solutions for Ethereum also. Optimism is just one. Multiple Layer 2s will be used. Layer 2 is also proposed for Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 28, 2021, 11:39:49 AM
I agree with Bitboy. Shame on the Cardano community for badmouthing Ethereum 24/7. Ethereum developers are not doing this to Cardano. Cardano fans are like a cult. It's time to get out of something when it becomes a cult.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight on March 28, 2021, 11:43:52 AM


U.S. should repay China debt with a bitcoin  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 28, 2021, 12:11:30 PM
Quote from: Teutonic Knight on March 28, 2021, 11:43:52 AM

U.S. should repay China debt with a bitcoin  ;D
China owes USA for the Chinese CCP Virus. Forget about debt!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 28, 2021, 03:05:37 PM
Quote from: obsidian on March 28, 2021, 11:32:45 AM
The layer 2 scaling solution called Optimism has been delayed. Uniswap 3.0 is going to use that. Basically the transactions will be confirmed off the blockchain to lower fees and improve speed. Proof of Work like Bitcoin and ETH 1.0 is a slow process with lower transaction speeds.

Optimism was supposed to be ready sometime in March and now they are saying no potentially July.

ETH 2.0 is something completely different and involves Proof of Stake. This is already up and running with billions staked in ETH 2.0. But everything is not ready to switch the entire Ethereum 1.0 network over to Ethereum 2.0. That's supposed to happen next year.

Also note that EIP-1556 where fees are burned has got nothing to do with Ethereum 2.0. It is just a plan to deflate the supply of ETH. It won't really reduce fees. That's what Layer 2 solutions like Optimism is for. There are other Layer 2 solutions for Ethereum also. Optimism is just one. Multiple Layer 2s will be used. Layer 2 is also proposed for Bitcoin.

Cheers for your input on ETH mining. I learn more from your posts with 30s of reading than I do anywhere else.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 28, 2021, 03:18:14 PM
Quote from: obsidian on March 28, 2021, 11:39:49 AM
I agree with Bitboy. Shame on the Cardano community for badmouthing Ethereum 24/7. Ethereum developers are not doing this to Cardano. Cardano fans are like a cult. It's time to get out of something when it becomes a cult.

Something people need to consider is am I liking this coin because I want the price to go up and make more money or am I liking this coin because of it’s real world adoption?

When we get a sizeable pullback these people will mostly disappear for a while as they will get wrecked.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 28, 2021, 05:30:29 PM
Quote from: obsidian on March 28, 2021, 11:32:45 AM
The layer 2 scaling solution called Optimism has been delayed. Uniswap 3.0 is going to use that. Basically the transactions will be confirmed off the blockchain to lower fees and improve speed. Proof of Work like Bitcoin and ETH 1.0 is a slow process with lower transaction speeds.

Optimism was supposed to be ready sometime in March and now they are saying no potentially July.

ETH 2.0 is something completely different and involves Proof of Stake. This is already up and running with billions staked in ETH 2.0. But everything is not ready to switch the entire Ethereum 1.0 network over to Ethereum 2.0. That's supposed to happen next year.

Also note that EIP-1556 where fees are burned has got nothing to do with Ethereum 2.0. It is just a plan to deflate the supply of ETH. It won't really reduce fees. That's what Layer 2 solutions like Optimism is for. There are other Layer 2 solutions for Ethereum also. Optimism is just one. Multiple Layer 2s will be used. Layer 2 is also proposed for Bitcoin.

Thanks man.
And EIP is starting in July, correct? This hasn't been delayed i hope 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on March 28, 2021, 05:55:06 PM
Quote from: obsidian on March 28, 2021, 11:39:49 AM
I agree with Bitboy. Shame on the Cardano community for badmouthing Ethereum 24/7. Ethereum developers are not doing this to Cardano. Cardano fans are like a cult. It's time to get out of something when it becomes a cult.



Hes doing the same thing hes complaining about. he basically said if something doesn't change in April and Ethereum is still sitting at current prices, it'll be time to look elsewhere. Lol
These guys and their goofy thumbnail faces, it really makes crypto look ridiculous
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on March 28, 2021, 09:38:12 PM
Quote from: Mayday on March 27, 2021, 09:15:45 PM


It just doesn’t feel right to me. Something has to go wrong lol.

I said the same thing when btc jumped from 200 to 400, 400-800 then hit 1k in 2016. 7 years later im desensitized to these market swings. Ive never traded in stocks, bonds ETFs. Id assume they would be a walk in the park in terms of my mental frame work. 1-5% dips at worse lol.

They had a chance to kill this thing 10years ago. Each passing day the network grows stronger as do peoples resolve and their ideas become unshakeable.

If you said to me when I first purchased  btc I would be looking at a 35000%+ I would of laughed in your face. Double my investment is what I hoped for.

Your projections  of 500k+ in a smallish time frame  arent so laughable for the initiated.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 28, 2021, 10:06:10 PM
Quote from: Teutonic Knight on March 28, 2021, 11:43:52 AM

U.S. should repay China debt with a bitcoin  ;D

No, they are smarter then that - they repay it with USD (which they can print infinitely). Bitcoin is our defence against that as the stealth apex predator of true store of monetary value of peace...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 29, 2021, 02:33:34 AM
Quote from: Bindare_Dundat on March 28, 2021, 05:55:06 PM
Hes doing the same thing hes complaining about. he basically said if something doesn't change in April and Ethereum is still sitting at current prices, it'll be time to look elsewhere. Lol
These guys and their goofy thumbnail faces, it really makes crypto look ridiculous
To his credit he said he's not going to sell his 1000+ ETH if the price does not move much in April. He has $10 million plus worth of crypto and does not need to sell ETH if the price action is slow. But he is recommending for others that want to see immediate returns to sell their ETH if it does not make a move in April.

I personally wish I got into Theta and Terra 1 year ago. Did you see how much those two went up?! Theta is up 19,650% and Terra 13,676%!

An investment of $1,000 in Theta would have resulted in a profit of $196,500 in 1 year! $10,000 would have seen a profit of $1.965 million!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 29, 2021, 02:35:36 AM
Quote from: Mayday on March 28, 2021, 03:05:37 PM
Cheers for your input on ETH mining. I learn more from your posts with 30s of reading than I do anywhere else.
Thanks. Yes I've also learned a bit from your posts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 29, 2021, 02:40:50 AM
Quote from: Bindare_Dundat on March 28, 2021, 05:30:29 PM
Thanks man.
And EIP is starting in July, correct? This hasn't been delayed i hope
No problem. As far as I know it has not been delayed. As a miner I am onboard with it because it will deflate the ETH supply. I don't care if my mining yield is a bit less. I never planned to mine Ethereum long term because Proof of Work was going away in any case. I do like the proposal to increase the block reward to 3 over 2 though. That would help miners offset the loss of the fee burning. But it would slow down the deflation rate short term.

I could mine others like Raven Coin or Ethereum Classic. But I think I should just sell the hardware while there is a demand for it. Then I can use that cash to buy dips.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on March 29, 2021, 05:52:33 AM
Quote from: obsidian on March 29, 2021, 02:33:34 AM
To his credit he said he's not going to sell his 1000+ ETH if the price does not move much in April. He has $10 million plus worth of crypto and does not need to sell ETH if the price action is slow. But he is recommending for others that want to see immediate returns to sell their ETH if it does not make a move in April.

I personally wish I got into Theta and Terra 1 year ago. Did you see how much those two went up?! Theta is up 19,650% and Terra 13,676%!

An investment of $1,000 in Theta would have resulted in a profit of $196,500 in 1 year! $10,000 would have seen a profit of $1.965 million!


What are Theta and Terra?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 29, 2021, 09:02:07 AM
https://cryptopotato.com/visa-to-settle-usdc-transactions-on-ethereum/

Visa to Settle USDC Transactions on Ethereum

The giant US multinational financial services corporation, Visa, will use USD Coin (USDC) to settle transactions on top of Ethereum.

Visa is to become the first large payments network to use a stablecoin as a settlement currency.

By partnering with the popular cryptocurrency exchange Crypto.com, the San Francisco-headquartered giant will offer a crypto settlement system for fiat transactions based on the Ethereum blockchain.

According to the announcement from earlier today, Visa has joined forces with Crypto.com to bring its first-ever non-fiat settlement program. 

The company’s standard settlement process requires parties to settle in a traditional fiat currency. This can “add cost and complexity for businesses built with digital currencies.”

As such, Visa will provide USDC settlements that can help cryptocurrency companies “evaluate fundamentally new business models without the need for traditional fiat in their treasury and settlement workflows.”

Essentially, the pilot will enable Crypto.com (and other crypto companies in the future) to send USDC to Visa’s Ethereum address to settle transactions under the exchange’s Visa card program. This will be possible by connecting Visa’s treasury with the crypto platform Anchorage. 

The statement also noted that the financial services giant will be able to “directly support new central bank digital currencies (CBDC) as they emerge in the future.”

“The announcement today marks a major milestone in our ability to address the needs of fintechs managing their business in a stablecoin or cryptocurrency, and it’s really an extension of what we do every day, securely facilitating payments in all different currencies all across the world.” – said Jack Forestell – Visa’s Executive Vice President and Chief Production Officer.

Previously, Crypto.com allowed customers based in Canada to apply for Visa cards. Both parties doubled-down on their relationship earlier this month when the exchange joined Visa’s network by expanding its crypto debit card program.

Interestingly, today’s announcement had an immediate positive effect on ETH’s price. The cryptocurrency has spiked above $1750 shortly after the news saw daylight.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Teutonic Knight on March 29, 2021, 01:13:29 PM
Quote from: gib on March 28, 2021, 10:06:10 PM
No, they are smarter then that - they repay it with USD (which they can print infinitely). Bitcoin is our defence against that as the stealth apex predator of true store of monetary value of peace...


Black American population could be very happy in China , recent Alaskan meeting where Chings pissed all over Bidens people confirmed that  !.

 :D

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 29, 2021, 10:18:52 PM
Quote from: El Diablo Blanco on March 29, 2021, 05:52:33 AM
What are Theta and Terra?
Theta runs on Ethereum. They have deals with Samsung, Sony, Hollywood Studios
https://www.thetatoken.org/

https://medium.com/theta-network/lionsgate-films-becomes-latest-hollywood-studio-to-bring-content-to-theta-network-e94bdb0219b6

What is Theta Token
The Theta Network is a decentralized video delivery network with its own blockchain. This network aims to provide technical and economic solutions to problems in the streaming sector. The Theta blockchain is designed to incentivize the sharing of bandwidth across the network. Users of the network are able to contribute their excess bandwidth and computing resources in exchange for token rewards; Theta Tokens.

The goal of Theta Token
The Theta Token (THETA) is the governance token of the Theta blockchain. The token and its functionalities are used to stimulate users to share their memory and bandwidth, in order to improve the quality of stream delivery and lower the costs of bandwidth. Theta Token runs on the Ethereum blockchain and can be 1:1 exchanged for the native Theta Token. There are 1,000,000,000 Theta tokens in circulation, which is also the total amount of tokens the platform intends to issue.

How Does Theta Blockchain Work?
Theta is an ERC-20compliant decentralized video delivery network. This categorization means that Theta users can utilize the Ethereum ecosystem to simplify their crypto experience. Ethereum is the largest Dapp ecosystem in the world and ERC-20 tokens enjoy a massive variety of wallets, DEXs, and games. Theta leverages the security and efficiency of Ethereum and combines it with various proprietary technologies to improve the quality of stream delivery.

Theta Blockchain
The Theta blockchain is the only end-to-end infrastructure for decentralized video streaming and delivery at this time. The blockchain’s design permits maximum functionality in this regard. For example, the system can pull streams from peering caching nodes. This approach allows video platforms to significantly reduce content delivery network (CDN) costs.

Theta Tokens
Theta tokens are the governance token of the Theta network. They provide users with a host of functionalities. This token is what you use to stake as a Validator or Guardian node, to produce blocks, and to participate in the protocol’s governance. There are 1,000,000,000 Theta tokens in circulation at this time. Interestingly, this is also the total amount of tokens the platform intends to issue.

TFUEL
TFUEL tokens function as the man utility token in the Theta ecosystem. These tokens serve multiple purposes within the network. Primarily, TFUEL tokens incentive and encourage individual users to share their redundant computing and bandwidth resources as caching or relay nodes for video streams.

Theta.tv
Theta.tv is the network’s main streaming service. Users can view and post their videos from here. Impressively, this Dapp is set to be included on future Samsung Galaxy phones. The integration will put Theta software on 75 million existing devices. Consequently, this move would give Theta a worldwide user base moving forward.

Consensus Mechanism
Theta introduces a new form of the Proof-of-Stake consensus mechanism known as Multi-Level BFT. This style of consensus is much faster than traditional Proof-of-work systems. The Multi-level BFT mechanism utilizes a small set of nodes to speed up approvals.

Specifically, a small group of nodes acts as a “Validator committee.” Once these nodes give the first approval, a much larger group, consisting of thousands of nodes, known as the “Guardian Pool”, fully validates the transactions and adds them to the blockchain. Keenly, this mechanism provides Theta with high transaction throughput.

Resource-Oriented Micropayment Pool
Theta also introduces a resource-oriented micropayments pool to streamline the network process. This protocol creates an off-chain micropayment pool that any other user can withdraw from using off-chain transactions.

History of The Theta Blockchain
Theta entered the market in 2018 following a $20 million private token sale hosted a year prior. The San Francisco-based firm behind this project is Theta Labs. Originally, Theta developers chose to host the platform on Ethereum. Since that time, the firm has gone on to construct a native blockchain.

Theta has seen growing interest from investors. The platform’s Co-Founder and chief executive officer, Mitch Liu is well known in the industry as a pioneering force. Additionally, Theta managed to secure some big-name advisors. These advisors include the Co-Founder of YouTube, Steve Chen, and Justin Kan, the Co-Founder of the gaming streaming platform, Twitch. In November 2018, Tencent Games announced a collaboration with SLIVER.tv to bring Theta rewards to Ring of Elysium players.

How to Buy Theta
Theta is available on many popular exchanges at this time. Binance, the world’s top exchange in terms of market capitalization, offers users easy access to Theta. To utilize Binance, you will need to register for the exchange. There are desktop and mobile Dapp versions available to suit your needs.

The signup process for Binance is simple. The initial part only takes seconds. However, it can take a couple of days to complete your KYC/AML compliance because it requires you to submit a photo ID and await approval. Once your account is active, you need to fund your wallet.

Funding your wallet requires you to load fiat currency onto it and then convert these funds into cryptocurrency, or load Bitcoin or Ethereum directly. The latter option allows you to start trading instantly. If you load fiat currency, you will want to convert it to Bitcoin or Ethereum as those are the two Theta trading pairs offered at this time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 29, 2021, 10:22:43 PM
Quote from: El Diablo Blanco on March 29, 2021, 05:52:33 AM
What are Theta and Terra?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 29, 2021, 10:26:31 PM
Quote from: El Diablo Blanco on March 29, 2021, 05:52:33 AM
What are Theta and Terra?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 30, 2021, 07:36:17 AM
https://beincrypto.com/visa-settlements-enhance-ethereum-as-ultra-sound-money/

Visa Settlements Enhance Ethereum as ‘Ultra Sound Money’

The big news that Visa Inc. will be settling transactions for USD Coin using Ethereum is no doubt bullish — but what impact will it have on network scaling and the economy?

On March 29, global payments company Visa announced the use of Circle’s USD Coin to settle transactions on its network. Visa is launching a pilot program with the Crypto.com platform, which will settle payments over the Ethereum network.

In reaction to the big news, David Hoffman penned his latest Bankless DeFi newsletter titled “Visa is going to pay ETH holders.”

He explains how Visa using its own payments network, which can process 1,500 transactions per second, is a way to scale USDC payments on Ethereum.

Ultra Sound Money

Hoffman notes that Visa’s scaling capacity is only something a centralized service provider can offer at the moment. In a similar operation to Layer 2 rollups, which batch transactions into one and process them off the main chain, he commented; 

“Thousands of transactions can happen internally on Visa’s network, and then Visa can make a single, batched transaction to Ethereum that updates the balances of its partners that leverage Visa for USDC transfers.”

While this does not directly scale Ethereum, it reinforces the premise that ETH is “ultra sound money.”

The blog post goes on to suggest how the development could be seen as “rugging the Fed.” The Federal Reserve and the U.S. Dollar have a monopoly as the greenback is the world’s reserve currency, and the Fed controls the ledger, he noted.

Visa settling USDC on Ethereum does not change this. All dollars settle back to the Fed. However, it does move a great deal of economic activity into the Ethereum ecosystem.

Visa is just a settlement platform without its own asset. So, when things grow beyond crypto banks and USDC there could be future integrations with decentralized stablecoins such as DAI or even wBTC.

Ethereum Price Reaction

Ethereum prices reacted to the news with an 8% pump to reach an intraday high of $1,830. Although prices have cooled off a little on Tuesday morning, the asset is still up 5.7% on the day. ETH was changing hands at $1,804 at the time of press, according to CoinGecko.

ETH prices have made 142% since the beginning of 2021. It’s even outperformed Bitcoin, which has made around 97% over the same period.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 30, 2021, 08:50:13 PM
https://www.marketwatch.com/story/bitcoin-knocking-on-door-of-60-000-again-on-news-from-paypal-visa-and-dapper-labs-11617134351

PayPal said it would start letting its U.S. customers purchase items with Bitcoin, a move that is regarded as the latest embrace of digital assets by a traditional payments player.

The move is part of gradual but steady integration of crypto in PayPal’s payment infrastructure.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on March 31, 2021, 09:27:00 AM
Quote from: gib on March 30, 2021, 08:50:13 PM
https://www.marketwatch.com/story/bitcoin-knocking-on-door-of-60-000-again-on-news-from-paypal-visa-and-dapper-labs-11617134351

PayPal said it would start letting its U.S. customers purchase items with Bitcoin, a move that is regarded as the latest embrace of digital assets by a traditional payments player.

The move is part of gradual but steady integration of crypto in PayPal’s payment infrastructure.
Why would anyone buy products with Bitcoin?  A shirt that cost $20 could end up costing you thousands if paid with Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on March 31, 2021, 09:33:37 AM
Quote from: Humble Narcissist on March 31, 2021, 09:27:00 AM
Why would anyone buy products with Bitcoin?  A shirt that cost $20 could end up costing you thousands if paid with Bitcoin.

I knew guys years ago who bought a couple grand in Steroids using a few bitcoins.  Haha.  They're probably kicking themselves now.  Shit, I knew some hookers who accepted bitcoin years ago.  I wonder if those bitches are rich now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on March 31, 2021, 09:41:13 AM
Quote from: El Diablo Blanco on March 31, 2021, 09:33:37 AM
I knew guys years ago who bought a couple grand in Steroids using a few bitcoins.  Haha.  They're probably kicking themselves now.  Shit, I knew some hookers who accepted bitcoin years ago.  I wonder if those bitches are rich now.
No, the hookers probably spent it on crack.  As a side note, have you ever met a female investor?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 31, 2021, 11:40:03 AM
Quote from: Humble Narcissist on March 31, 2021, 09:27:00 AM
Why would anyone buy products with Bitcoin?  A shirt that cost $20 could end up costing you thousands if paid with Bitcoin.
Assuming Bitcoin @ $59,000:

At today's rate $20 = 0.000338983 BTC

Assuming Bitcoin @ $1 million:

$1,000,000 x 0.000338983 = $339

So if someone bought a $20 shirt with Bitcoin it could end up costing them $339 if Bitcoin's price went to $1 million. Then again there is no guarantee Bitcoin will go that high.

That being said I am not sure why someone would want to buy products with Bitcoin. It makes more sense to buy with a stable coin. There's also the issue that it becomes a taxable event if you buy a product with Bitcoin because now it has become a realized capital gain because you sold it for a product worth $20.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 31, 2021, 12:10:07 PM
Quote from: bighead on September 06, 2012, 11:33:47 AM
A follow up message posted yesterday said the files were accessed from the PWC network file servers and would be released in encrypted form to major news media outlets. The encrypted key to open the files would be released publicly unless Romney paid the hackers $1 million by transferring that amount -- in the virtual currency called Bitcoins -- to a specific account. However, if someone else wants the information to be released publicly sooner than that, they would need to transfer the same amount to a different Bitcoin account, the message said.

Is this the oldest Bitcoin post on Getbig? I did an advanced search and found it. I thought Goodrum posted about this in 2010 or 2011?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 01, 2021, 01:29:13 AM
Quote from: Theoak* on March 28, 2021, 09:38:12 PM
I said the same thing when btc jumped from 200 to 400, 400-800 then hit 1k in 2016. 7 years later im desensitized to these market swings. Ive never traded in stocks, bonds ETFs. Id assume they would be a walk in the park in terms of my mental frame work. 1-5% dips at worse lol.

They had a chance to kill this thing 10years ago. Each passing day the network grows stronger as do peoples resolve and their ideas become unshakeable.

If you said to me when I first purchased  btc I would be looking at a 35000%+ I would of laughed in your face. Double my investment is what I hoped for.

Your projections  of 500k+ in a smallish time frame  arent so laughable for the initiated.

A fair viewpoint.

Well plenty are being liquidated on margin so maybe that is enough for the crypto Gods to spare the rest of us?

We are overheated, early and apparently nobody is going to sell and everybody is going to HODL. I have a couple of ideas of how it might play out, we will soon see.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 01, 2021, 07:00:13 AM
For those last few remaining here that still don't "get it"...

PLEASE do yourself a favor and watch this:

Becoming a wholecoiner is still in realistic reach for many of us living in modern and wealthy countries of the modern world. For almost all, wholecoiner status will be an almost impossible dream in a decade from now.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on April 01, 2021, 10:23:18 AM
https://www.benzinga.com/markets/cryptocurrency/21/04/20439151/why-is-ethereum-surging-outperforming-bitcoin-today

Why Is Ethereum Surging, Outperforming Bitcoin Today?

Gains in Bitcoin (BTC) appear faint in comparison with Ethereum (ETH) as the latter’s supply diminishes.

What Happened: BTC traded 0.13% at $59,285.22 over 24 hours at press time while ETH was up 4.08% at $1,925.03.

Over a seven-day trailing period, ETH has surged 21.92%, while BTC has moved up 12.77%.

CryptoQuant data indicates ETH reserves held in all wallets fell to 19.53 million as of March 31 as prices soared over $1,921.

On Wednesday, OpenSea, a non-fungible token marketplace said it would add support for trading through Immutable X, a decentralized protocol built on Ethereum, which it said would enable zero gas fee.

Why It Matters:

BTC has been losing its dominance as the largest cryptocurrency by market capitalization of late. This week the dominance fell to its lowest since October last year.

At press time, BTC had a 56.6% dominance, while ETH had 11.7%, according to CoinMarketCap data.

On Monday, Visa Inc (NYSE:V) announced a pilot to allow transactions to be settled through USD Coin (USDC) on its network.

Reacting to the development, analyst Michaël van de Poppe said on Twitter that Ethereum was “going to surprise everyone massively."

He had previously predicted a $10,000 price level for ETH.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 01, 2021, 03:45:11 PM
ETH rising is due to seasonality. The news isn’t influencing what is going on at the moment.

None of the data structure has broken yet so it will trend like last time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on April 01, 2021, 09:23:55 PM
WTF crypto matrix folks, haha.


"Microsoft has proposed a method to generate cryptocurrency by monitoring people's brain activity and other personal biometric data.

A new patent titled "Cryptocurrency System Using Body Activity Data" describes how a person could attach various sensors to their body to earn cryptocurrency through a process known as mining."



https://www.independent.co.uk/life-style/gadgets-and-tech/news/microsoft-cryptocurrency-mining-brain-waves-body-data-bitcoin-a9480766.html?amp
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 02, 2021, 03:01:01 AM
Quote from: SOMEPARTS on April 01, 2021, 09:23:55 PM
WTF crypto matrix folks, haha.


"Microsoft has proposed a method to generate cryptocurrency by monitoring people's brain activity and other personal biometric data.

A new patent titled "Cryptocurrency System Using Body Activity Data" describes how a person could attach various sensors to their body to earn cryptocurrency through a process known as mining."



https://www.independent.co.uk/life-style/gadgets-and-tech/news/microsoft-cryptocurrency-mining-brain-waves-body-data-bitcoin-a9480766.html?amp

Maybe keep away from the internet given it’s April Fools.....

The internet is reporting April Fool jokes as factual information and it’s confusing the shit out of people.

Twitter is just a mess right now lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 02, 2021, 03:03:06 AM
Quote from: Mayday on April 02, 2021, 03:01:01 AM
Maybe keep away from the internet given it’s April Fools.....

The internet is reporting April Fool jokes as factual information and it’s confusing the shit out of people.

Twitter is just a mess right now lol.

Not April Fools - this article is legit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 02, 2021, 07:03:29 AM
COINBASE TO LIST ON 14th APRIL!!!

WOW! Now this is going to be EPIC, and another HUGE step for Bitcoin.

The company will trade on the Nasdaq under ticker symbol COIN.

And once again, this close to completes the total self-ownership for Mr Anabolic, who repeatedly claimed that the Government would "ban Bitcoin" (which is of course impossible to do). What a glorious moment that listing will be (as well as a moment of self-humiliation for those who were wrong...)

https://www.cnbc.com/2021/04/01/coinbase-direct-listing-set-for-april-14-after-sec-approval.html

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on April 02, 2021, 10:47:07 AM
Quote from: gib on April 02, 2021, 07:03:29 AM
COINBASE TO LIST ON 14th APRIL!!!

WOW! Now this is going to be EPIC, and another HUGE step for Bitcoin.

The company will trade on the Nasdaq under ticker symbol COIN.

And once again, this close to completes the total self-ownership for Mr Anabolic, who repeatedly claimed that the Government would "ban Bitcoin" (which is of course impossible to do). What a glorious moment that listing will be (as well as a moment of self-humiliation for those who were wrong...)

https://www.cnbc.com/2021/04/01/coinbase-direct-listing-set-for-april-14-after-sec-approval.html
More people to scam.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 02, 2021, 12:36:27 PM
Quote from: gib on April 02, 2021, 07:03:29 AM
COINBASE TO LIST ON 14th APRIL!!!

WOW! Now this is going to be EPIC, and another HUGE step for Bitcoin, Ethereum and many cryptocurrencies.

The company will trade on the Nasdaq under ticker symbol COIN.

And once again, this close to completes the total self-ownership for Mr Anabolic, who repeatedly claimed that the Government would "ban Bitcoin" (which is of course impossible to do). What a glorious moment that listing will be (as well as a moment of self-humiliation for those who were wrong...)

https://www.cnbc.com/2021/04/01/coinbase-direct-listing-set-for-april-14-after-sec-approval.html
Fixed for accuracy!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 02, 2021, 12:37:00 PM
Ethereum new ATH of $2,074

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 02, 2021, 01:05:14 PM
anyione into lower cap alt coins? any suggestions?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on April 02, 2021, 01:54:30 PM
Quote from: Mayday on April 02, 2021, 03:01:01 AM
Maybe keep away from the internet given it’s April Fools.....

The internet is reporting April Fool jokes as factual information and it’s confusing the shit out of people.

Twitter is just a mess right now lol.


Ahem...

https://news.bitcoin.com/microsoft-cryptocurrency-system/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 02, 2021, 02:36:59 PM
Quote from: Bindare_Dundat on April 02, 2021, 01:05:14 PM
anyione into lower cap alt coins? any suggestions?

I have one just for the fuck of it.

NEO which I consider low cap.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 02, 2021, 02:46:25 PM
Quote from: SOMEPARTS on April 02, 2021, 01:54:30 PM

Ahem...

https://news.bitcoin.com/microsoft-cryptocurrency-system/

Well it seems I was wrong lol.

Although it’s only a patent for that purpose, doesn’t say anything about having a market ready product. Companies file patents for anything and everything well before products are ready.

Phones, smart watches, activity trackers, all can mine crypto given they are connected devices. The Microsoft one sounds like they are trying to work around those devices via use of brainwaves/heat/kinetic. It’ll be a watch or some shit.

Watch the Tv show Silicon Valley as it’ll be along those lines in the future where they hook into all the home devices in a standby mode to use their cpu to perform work. You’re smart fridge will mine crypto and earn you money.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on April 03, 2021, 07:23:00 AM
After the weekend and holiday when markets open again on Tuesday we could see another major correction?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 03, 2021, 09:38:15 AM
Quote from: Griffith on April 03, 2021, 07:23:00 AM
After the weekend and holiday when markets open again on Tuesday we could see another major correction?

Why?  I think this ethereum run is an indicator of things to happen with lower cap alts very soon. similar to 2017. Possibly some parabolic runs where you can make insane money getting in and out. put that money back into bitcoin and it will take off again.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on April 05, 2021, 03:42:37 AM
Thoughts on Ripple/XRP?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 05, 2021, 07:16:07 AM
Quote from: Griffith on April 05, 2021, 03:42:37 AM
Thoughts on Ripple/XRP?

Shit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 05, 2021, 02:25:26 PM
Quote from: Bindare_Dundat on April 05, 2021, 07:16:07 AM
Shit.
Why? It has a clear use case. And so far it looks like the Ripple defense has been outmaneuvering the SEC. They even have a former SEC chair on their legal team lol!

https://www.msn.com/en-us/money/markets/sec-is-dead-wrong-former-chair-mary-jo-white-defends-ripple-in-pivotal-crypto-case/ar-BB1dPLwY
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 05, 2021, 05:50:28 PM
Quote from: obsidian on April 05, 2021, 02:25:26 PM
Why? It has a clear use case. And so far it looks like the Ripple defense has been outmaneuvering the SEC. They even have a former SEC chair on their legal team lol!

https://www.msn.com/en-us/money/markets/sec-is-dead-wrong-former-chair-mary-jo-white-defends-ripple-in-pivotal-crypto-case/ar-BB1dPLwY

Why add more speculation to an already very speculative market to your plate? Who needs the headache.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 05, 2021, 06:39:11 PM
Quote from: obsidian on April 05, 2021, 02:25:26 PM
Why? It has a clear use case. And so far it looks like the Ripple defense has been outmaneuvering the SEC. They even have a former SEC chair on their legal team lol!

https://www.msn.com/en-us/money/markets/sec-is-dead-wrong-former-chair-mary-jo-white-defends-ripple-in-pivotal-crypto-case/ar-BB1dPLwY

I think will ultimately settle after paying a large fine, and making various undertakings on future conduct,
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 05, 2021, 06:54:29 PM
Ethereum new ATH of around $2,174 about 1 hour ago.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 05, 2021, 07:01:35 PM
Quote from: Bindare_Dundat on April 05, 2021, 05:50:28 PM
Why add more speculation to an already very speculative market to your plate? Who needs the headache.
I've had XRP since 2018. So just hodling what I already had. Ripple's ATH was around $3.40 in 2018. It could go much higher especially if the SEC case is resolved.

Many people are starting to look at the crypto space as a mini universe with interoperability between various blockchains. One blockchain alone won't get the job done. You'll have a few "store of value" blockchains and a few utility blockchains. And a few that specialize in a certain niche area.

https://www.weforum.org/agenda/2020/05/blockchain-interoperability-utility-effectiveness

How interoperability establishes blockchain's utility and effectiveness for trade finance

One blockchain network will simply be unable to provide all the needs for any given trade transaction. There will need to be multiple networks, each providing specific value. Data from private networks can be routed to other relevant networks for transactions without having to establish a one-to-one integration.

“Everyone is dependent on physical goods’ ability to move across all participants in the global supply chain with minimal friction. We need the same ability to move a digital asset from one blockchain to another without creating redundant data or a new market for intermediaries. This is why blockchain interoperability is critical.” Rasmus Winther Mølbjerg, Director, Deloitte, Denmark.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 05, 2021, 09:14:42 PM
Ripple’s total daily transaction fees are lower than polkodot and Dodgcoin.

Meaning nobody uses the thing.......

The horse bolted on XRP and Ethereum took over. For now at least, a play on XRP is sheer speculation on speculators pumping the price which is no different to what is happening on shitcoins.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on April 05, 2021, 11:30:42 PM
In South Africa, XRP is the main cryptocurrency used to transfer between exchanges due its speed and low transfer fees. Locally and internationally.

For instance, some foreign exchanges do not accept deposits in ZAR, so a local exchange is used to purchase XRP and then the XRP is transferred to an international exchange where other cryptocurrencies can be purchased.

I would imagine it could be similar in other countries.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 06, 2021, 02:57:09 AM
Quote from: Griffith on April 05, 2021, 11:30:42 PM
In South Africa, XRP is the main cryptocurrency used to transfer between exchanges due its speed and low transfer fees. Locally and internationally.

For instance, some foreign exchanges do not accept deposits in ZAR, so a local exchange is used to purchase XRP and then the XRP is transferred to an international exchange where other cryptocurrencies can be purchased.

I would imagine it could be similar in other countries.

I had xrp since 2018 as well. After the issues with the sec I got rid of it and haven't looked back. I know there is a loyal army out there that back xrp dso it might do well for some, as has been the case recently but I see it mainly asa pump.and dump more than anything.else. id rather take my chance on a cheaper shit coin for a better return if the timing is right.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 06, 2021, 03:56:44 AM
Quote from: Bindare_Dundat on April 06, 2021, 02:57:09 AM
I had xrp since 2018 as well. After the issues with the sec I got rid of it and haven't looked back. I know there is a loyal army out there that back xrp dso it might do well for some, as has been the case recently but I see it mainly asa pump.and dump more than anything.else. id rather take my chance on a cheaper shit coin for a better return if the timing is right.
XRP is back to number 4. And if it goes up a little more it will be back in the number 3 spot.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 06, 2021, 03:58:44 AM
https://finance.yahoo.com/news/scaramucci-bitcoin-apex-predator-ethereum-014728081.html

Scaramucci: Bitcoin Is The Apex Predator, But Ethereum Will Be The Actual Store Of Value

Samyuktha Sriram
Mon, April 5, 2021, 8:47 PM·2 min read

Anthony Scaramucci, known Bitcoin proponent heading global investment firm SkyBridge Capital, believes that the future of the digital asset in investment portfolios is inevitable.

What Happened: In a recent interview with CNBC, Scaramucci called it "the apex predator in the space. I tell my clients whether you like it or not, the world is moving into digitization.”

SkyBridge Capital’s Bitcoin Fund LP holds over $600 million worth of Bitcoin at present, and two weeks ago, the firm applied for the SEC approval of a Bitcoin ETF.

However, by Scaramucci’s own admission, SkyBridge’s focus on Bitcoin may have more to do with its clients’ preferences rather than his own.

“I predicted Ethereum has good fundamentals and will grow, but I’m in an institutionalist sort of business. I think like an institutionalist, and I’ve got to get my clients thinking about cryptocurrency and digital assets. So, as a first step, I’m focused on Bitcoin and we only have now a Bitcoin fund,” he said.

Why It Matters: In recent months, Ethereum has risen in popularity, and price, after its use cases extended beyond DeFi (decentralized finance) into the realm of NFTs (non-fungible tokens).

The second-largest cryptocurrency by market cap has garnered support from high-profile investors, including Mark Cuban, who recently revealed his bullish stance on Ethereum, calling it a “hotbed of continuous innovation”.

Scaramucci appeared to share this belief too, as he went on to state, "The technology around Ethereum is going to make it a sticky cryptocurrency and a store of value and something people will transact with.”

What Else: While he wouldn’t recommend a 20% portfolio allocation towards cryptocurrency just yet, Scaramucci thinks that an allocation between one and three percent would be ideal for investors.

“When you think about our children... they're going to be very comfortable transacting in Ethereum or Bitcoin, and I’ve got to get my clients ready for that,” he said.

“If they have a 1, 2, or 3% position they're going to look at us as fiduciaries and think they were very well served.”
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on April 06, 2021, 04:30:41 AM
Forgetting BTC for a moment the question now becomes which ALT coins will be the next big thing? Also, provide coins with low prices (< $50).

What are your top 5 and why?

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on April 06, 2021, 04:37:00 AM
Quote from: OneMoreRep on April 06, 2021, 04:30:41 AM
Forgetting BTC for a moment the question now becomes which ALT coins will be the next big thing? Also, provide coins with low prices (< $50).

What are your top 5 and why?

"1"

lol how bout gettin' a job? ::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on April 06, 2021, 05:43:42 AM
Quote from: affeman on April 06, 2021, 04:37:00 AM
lol how bout gettin' a job? ::)

I'm sorry, but who are you?

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 06, 2021, 06:20:13 AM
Quote from: OneMoreRep on April 06, 2021, 04:30:41 AM
Forgetting BTC for a moment the question now becomes which ALT coins will be the next big thing? Also, provide coins with low prices (< $50).

What are your top 5 and why?

"1"


Vechain, Theta, Thetafuel, chainlink, ill give you more in a bit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on April 06, 2021, 06:38:21 AM
Quote from: Bindare_Dundat on April 06, 2021, 06:20:13 AM

Vechain, Theta, Thetafuel, chainlink, ill give you more in a bit.

Vechain, I've heard some good things about that. I'll look into it more.

Reasoning behind these selections?

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on April 06, 2021, 09:36:08 AM
Quote from: Bindare_Dundat on April 06, 2021, 06:20:13 AM

Vechain, Theta, Thetafuel, chainlink, ill give you more in a bit.

Good call.

Only about 10c, has a decent chance to 10x, especially considering widening adoption across China and Asia and doesn't really have competition in what it does:

The blockchain is used as a tracker, mostly in supply-chain logistics, and mostly for their customers - large corporations.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 06, 2021, 09:48:41 AM
Quote from: OneMoreRep on April 06, 2021, 06:38:21 AM
Vechain, I've heard some good things about that. I'll look into it more.

Reasoning behind these selections?

"1"

Look up theta and who they are partnered with.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on April 06, 2021, 09:59:18 AM
Quote from: obsidian on April 06, 2021, 03:58:44 AM
https://finance.yahoo.com/news/scaramucci-bitcoin-apex-predator-ethereum-014728081.html

Scaramucci: Bitcoin Is The Apex Predator, But Ethereum Will Be The Actual Store Of Value

Samyuktha Sriram
Mon, April 5, 2021, 8:47 PM·2 min read

Anthony Scaramucci, known Bitcoin proponent heading global investment firm SkyBridge Capital, believes that the future of the digital asset in investment portfolios is inevitable.

What Happened: In a recent interview with CNBC, Scaramucci called it "the apex predator in the space. I tell my clients whether you like it or not, the world is moving into digitization.”

SkyBridge Capital’s Bitcoin Fund LP holds over $600 million worth of Bitcoin at present, and two weeks ago, the firm applied for the SEC approval of a Bitcoin ETF.

However, by Scaramucci’s own admission, SkyBridge’s focus on Bitcoin may have more to do with its clients’ preferences rather than his own.

“I predicted Ethereum has good fundamentals and will grow, but I’m in an institutionalist sort of business. I think like an institutionalist, and I’ve got to get my clients thinking about cryptocurrency and digital assets. So, as a first step, I’m focused on Bitcoin and we only have now a Bitcoin fund,” he said.

Why It Matters: In recent months, Ethereum has risen in popularity, and price, after its use cases extended beyond DeFi (decentralized finance) into the realm of NFTs (non-fungible tokens).

The second-largest cryptocurrency by market cap has garnered support from high-profile investors, including Mark Cuban, who recently revealed his bullish stance on Ethereum, calling it a “hotbed of continuous innovation”.

Scaramucci appeared to share this belief too, as he went on to state, "The technology around Ethereum is going to make it a sticky cryptocurrency and a store of value and something people will transact with.”

What Else: While he wouldn’t recommend a 20% portfolio allocation towards cryptocurrency just yet, Scaramucci thinks that an allocation between one and three percent would be ideal for investors.

“When you think about our children... they're going to be very comfortable transacting in Ethereum or Bitcoin, and I’ve got to get my clients ready for that,” he said.

“If they have a 1, 2, or 3% position they're going to look at us as fiduciaries and think they were very well served.”
The Unicorn is the apex predator but the Leprechaun will be the actual store of value (because of his pot of gold).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 06, 2021, 01:39:52 PM
Quote from: obsidian on April 06, 2021, 03:58:44 AM
https://finance.yahoo.com/news/scaramucci-bitcoin-apex-predator-ethereum-014728081.html

Scaramucci: Bitcoin Is The Apex Predator, But Ethereum Will Be The Actual Store Of Value

Samyuktha Sriram
Mon, April 5, 2021, 8:47 PM·2 min read

Anthony Scaramucci, known Bitcoin proponent heading global investment firm SkyBridge Capital, believes that the future of the digital asset in investment portfolios is inevitable.

What Happened: In a recent interview with CNBC, Scaramucci called it "the apex predator in the space. I tell my clients whether you like it or not, the world is moving into digitization.”

SkyBridge Capital’s Bitcoin Fund LP holds over $600 million worth of Bitcoin at present, and two weeks ago, the firm applied for the SEC approval of a Bitcoin ETF.

However, by Scaramucci’s own admission, SkyBridge’s focus on Bitcoin may have more to do with its clients’ preferences rather than his own.

“I predicted Ethereum has good fundamentals and will grow, but I’m in an institutionalist sort of business. I think like an institutionalist, and I’ve got to get my clients thinking about cryptocurrency and digital assets. So, as a first step, I’m focused on Bitcoin and we only have now a Bitcoin fund,” he said.

Why It Matters: In recent months, Ethereum has risen in popularity, and price, after its use cases extended beyond DeFi (decentralized finance) into the realm of NFTs (non-fungible tokens).

The second-largest cryptocurrency by market cap has garnered support from high-profile investors, including Mark Cuban, who recently revealed his bullish stance on Ethereum, calling it a “hotbed of continuous innovation”.

Scaramucci appeared to share this belief too, as he went on to state, "The technology around Ethereum is going to make it a sticky cryptocurrency and a store of value and something people will transact with.”

What


Talk about a misleading title!

The guy never made that statement. The use of the word ‘but’ is incredibly misleading as it implies Bitcoin is not a store of value, he never said anything of the sort.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 06, 2021, 09:48:49 PM
Agreed, lots of misleading and out of context stuff going around.

BTC is the apex predator consuming more and more store of value assets. Currently in the process of subsuming gold.

It is correct that ETH, apart from facilitating smart contracts, is used by some as a store of value also, but these concepts are very different. BTC is KING in the store of value space.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 06, 2021, 09:50:40 PM
On a related note, BTC seems to have really established a solid support level at $50,000. And ETH similarly so at $1800 (albeit maybe not quite as solid).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 06, 2021, 11:23:02 PM
Quote from: gib on April 06, 2021, 09:50:40 PM
On a related note, BTC seems to have really established a solid support level at $50,000. And ETH similarly so at $1800 (albeit maybe not quite as solid).

55k is now the 2nd largest HODL point second to 11k and this is where the metrics and models begin to blow up.

The reason models are blowing up is because they are all based on diminishing returns on the assumption there is a base level of market establishment and maturing thereafter.

We have a BTC mining halving event each 4yrs in May give or take followed by a bullrun in the 18mths afterwards. This is what i have been watching more than models.

This run vs Jun 2016 -3% vs 27%  so we started on the back foot out of the gate.
This run vs Oct 2016 46% vs 31% so we covered the gap and overtook during this period.
This run vs Dec 2016 207% vs 83%
This run vs Mar 2017 495% vs 105%

To put that into perspective if BTC were to hold where it is for April.....May.....June.. ...July.... we would merely be even with the growth bullrun of 2017 up to that point (we are 4 months ahead).

We can further crush the diminishing returns argument when we look at the overall trend for the 9 month period post halving. In the 2017 bullrun the peak month change was 31%, 2 months of 27%, 1 month of 23% and the rest all smaller. In this bullrun we have a peak of 47%, 43% and 36% with the remaining mostly in the 20s.

Of the 9 months we have had 3 months with larger MOM growth than the peak growth during the 2017 bullrun. Of the remaining 6 months half were approx 25%. In other words, the entire 9 months trend is blowing apart the trend of the 2017 run and this is why the models are beginning to blow up in kind.


So where does it end up?

Well in 2017, 5 of the remaining 9 months with massive growth - 50% upwards so this is what we are looking at. In Q2 2017 we saw 125% growth over the previous March close.


Therefore during Q2 2021 if we expect the growth to decrease from the previous 9 months to the level of 2017, using 125% growth we would see a price approx 132k before end of June.

If we do not see a price around that mark, it means the trend is broken.........




Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 07, 2021, 05:07:49 AM
Prior trends and halvening cycle metrics are certainly interesting.

The big game changer this time around is the huge flow of institutional money coming in. Lets see if price moves in line or exceeds the trend.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 07, 2021, 05:39:15 AM
Quote from: gib on April 07, 2021, 05:07:49 AM
Prior trends and halvening cycle metrics are certainly interesting.

The big game changer this time around is the huge flow of institutional money coming in. Lets see if price moves in line or exceeds the trend.

I’d argue the lead cause is monetary policy which is having flow on effects such as institutional investment.

If it were not for trillions in stimulus since the initial lockdown, would the institutions still be buying the volumes we have seen? Previous models were done prior to the pandemic and therefore cannot possibly factor in stimulus into the models because it didn’t exist. Hence things are blowing up and no longer working.

I mentioned earlier about something having to go wrong, it can swing both ways. A lower high catching people out or a higher high followed by a fake out bear market. Data from May 2020 to close March 2021 indicates a trend far greater in growth than we saw in 2017. Stimulus continues to take place and will be exponential over time leading to continued behavioural changes by the financial markets.

If I use the same mom growth from April to Dec as 2017 I get to a 900k spike at year end. If I cap the peak growth months to 47% which is the peak so far this bullrun I get around 540k.

There is also the possibility that no parabolic movement appears......won’t that be a headfuck for people lol.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on April 07, 2021, 06:25:59 AM
https://coinmarketcap.com/headlines/news/miami-ethereum-city-services-blockchain/

Miami is collaborating with Ethereum developers to put city services on the blockchain

Miami Mayor Francis Suarez turned heads earlier this year when he said he wanted the Florida city to add bitcoin to its treasury.

Now, Suarez is pushing a commitment for the city to explore crypto by turning his attention to Ethereum. According to a new episode of The Scoop, Ethereum creator Vitalik Buterin and Suarez announced that they have embarked on a new collaborative project focused on city services.

To be sure, it's early days for the initiative, but the two have met on two occasions now and talks about the scope of the initiative continue.

"We're trying to come up with a project that goes through the foundation and directly with Ethereum that we can do with the city," said Suarez. "We want the city directly involved in a way that demonstrates the applicability of the software so that we can continue to provide better services for our residents."

According to Suarez, decentralized information systems are becoming a priority for Miami, especially with looming security concerns like the upcoming hurricane season.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 08, 2021, 12:38:57 AM
Yeah - very cool Miami. Over time we will see more companies offer to pay employees in Bitcoin. But great if your employers is offering this as an option now.

I heard some of the food delivery companies are already doing this for their drivers. Smart ones will take BTC and Hodl. Typical losers will take cash and spend it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on April 08, 2021, 04:06:00 AM
Quote from: gib on April 08, 2021, 12:38:57 AM
Yeah - very cool Miami. Over time we will see more companies offer to pay employees in Bitcoin. But great if your employers is offering this as an option now.

I heard some of the food delivery companies are already doing this for their drivers. Smart ones will take BTC and Hodl. Typical losers will take cash and spend it.
Might as well pay employees with Monopoly money.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 09, 2021, 02:01:30 AM
Quote from: Humble Narcissist on April 08, 2021, 04:06:00 AM
Might as well pay employees with Monopoly money.

Dude, do you still not get it???

It's THE USD THAT IS THE MONOPOLY MONEY!

How can that be so hard to comprehend? I have been explaining this since the beginning of the thread. Could I suggest you please take the time to re-read the entire thread and then really have a deep think. Let your stubbornness go, and open your mind a little. You will be the better for it. Trust me.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on April 09, 2021, 10:08:44 AM
Quote from: gib on April 09, 2021, 02:01:30 AM
Dude, do you still not get it???

It's THE USD THAT IS THE MONOPOLY MONEY!

How can that be so hard to comprehend? I have been explaining this since the beginning of the thread. Could I suggest you please take the time to re-read the entire thread and then really have a deep think. Let your stubbornness go, and open your mind a little. You will be the better for it. Trust me.

It's pride with these types of people. They can never admit they're wrong no matter how ridiculous they look.

Soon enough you will able to be able to buy a house with one BTC and for them(and their silly delusions) it will still be "worth less than a glass of water".
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on April 09, 2021, 01:01:50 PM
Quote from: polychronopolous on April 09, 2021, 10:08:44 AM
It's pride with these types of people. They can never admit they're wrong no matter how ridiculous they look.

Soon enough you will able to be able to buy a house with one BTC and for them(and their silly delusions) it will still be "worth less than a glass of water".
When people actually start buying houses with Bitcoin I will believe it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on April 09, 2021, 01:04:13 PM
Quote from: gib on April 09, 2021, 02:01:30 AM
Dude, do you still not get it???

It's THE USD THAT IS THE MONOPOLY MONEY!

How can that be so hard to comprehend? I have been explaining this since the beginning of the thread. Could I suggest you please take the time to re-read the entire thread and then really have a deep think. Let your stubbornness go, and open your mind a little. You will be the better for it. Trust me.
And I have been explaining where you are wrong.  How can you call fiat currency Monopoly money when a person actually purchases real products with it?  Bitcoin only has value if you cash out to fiat currency.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on April 09, 2021, 02:31:34 PM
Quote from: Humble Narcissist on April 09, 2021, 01:01:50 PM
When people actually start buying houses with Bitcoin I will believe it.

https://www.google.com/amp/s/www.coindesk.com/china-bitcoin-crypto-millionaire-real-estate%3famp=1

https://bitcoin-realestate.com/

https://www.google.com/amp/s/www.cnbc.com/amp/2021/04/07/rick-carusos-company-to-begin-accepting-rent-payments-in-bitcoin.html

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 09, 2021, 11:13:16 PM
Booooom
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 09, 2021, 11:14:11 PM
Quote from: Humble Narcissist on April 09, 2021, 01:04:13 PM
And I have been explaining where you are wrong.  How can you call fiat currency Monopoly money when a person actually purchases real products with it?  Bitcoin only has value if you cash out to fiat currency.


Man, you are one stubborn SOB. Lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 10, 2021, 12:37:23 AM
Quote from: Humble Narcissist on April 09, 2021, 01:01:50 PM
When people actually start buying houses with Bitcoin I will believe it.

Forget the 'money' line that some people push. The currencies will be here after all this mess, bitcoin isn't going to take over them in the near future.

You need to consider it as a 'stable asset' against the Money Supply. This is what Bitcoin is.

Instead of wondering whether one should put their money into stocks, metals, property, art etc you can dump it in bitcoin and be protected from currency devaluation. If the money supply goes up 25% then Bitcoin goes up 25%, that is how it will work once it becomes larger and less volatile.

You use it as savings. Then when you are ready to purchase something, put it into fiat and buy what it is you need.


Soros is already in. Bill Gates is already in. All these fuckers are not only making billions off QE but also buying assets involved in crypto and gaining from it aswell.

All that BS about Gates giving away his fortune..... the mofo is the largest farmland owner in the US, has his fingers all through the vaccines and is also snapping up crypto related assets along with crypto. Oh but he'll tell every average Joe not to buy it..... if you believe what he says, well i wish you the best.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on April 10, 2021, 01:37:48 AM
$60,792.73
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on April 10, 2021, 01:56:54 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 10, 2021, 03:35:22 AM
Quote from: Mayday on April 10, 2021, 12:37:23 AM
Forget the 'money' line that some people push. The currencies will be here after all this mess, bitcoin isn't going to take over them in the near future.

You need to consider it as a 'stable asset' against the Money Supply. This is what Bitcoin is.

Instead of wondering whether one should put their money into stocks, metals, property, art etc you can dump it in bitcoin and be protected from currency devaluation. If the money supply goes up 25% then Bitcoin goes up 25%, that is how it will work once it becomes larger and less volatile.

You use it as savings. Then when you are ready to purchase something, put it into fiat and buy what it is you need.


Soros is already in. Bill Gates is already in. All these fuckers are not only making billions off QE but also buying assets involved in crypto and gaining from it aswell.

All that BS about Gates giving away his fortune..... the mofo is the largest farmland owner in the US, has his fingers all through the vaccines and is also snapping up crypto related assets along with crypto. Oh but he'll tell every average Joe not to buy it..... if you believe what he says, well i wish you the best.

Exactly!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on April 10, 2021, 07:10:11 AM
Quote from: Theoak* on April 09, 2021, 02:31:34 PM
https://www.google.com/amp/s/www.coindesk.com/china-bitcoin-crypto-millionaire-real-estate%3famp=1

https://bitcoin-realestate.com/

https://www.google.com/amp/s/www.cnbc.com/amp/2021/04/07/rick-carusos-company-to-begin-accepting-rent-payments-in-bitcoin.html

With a few clicks of the mouse I can also convert my BTC into physical gold stored in a Brinks vault.

I personally would be okay with them taking custody of my gold but if I wanted to self-custody the gold, there is an option for delivery as well.

https://www.paxos.com/paxgold/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on April 10, 2021, 12:59:00 PM
Quote from: polychronopolous on April 10, 2021, 07:10:11 AM
With a few clicks of the mouse I can also convert my BTC into physical gold stored in a Brinks vault.

I personally would be okay with them taking custody of my gold but if I wanted to self-custody the gold, there is an option for delivery as well.

https://www.paxos.com/paxgold/
I would do it now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 10, 2021, 02:43:09 PM
Quote from: FitnessFrenzy on April 10, 2021, 01:37:48 AM
$60,792.73


I just took a double or nothing bet with a mate that it’s close below 60k this morning (he lost the last bet and wanted to go again). 600M in shorts got liquidated and then longs got liquidated and back at 58.7k.

I am pondering whether the volatility has decreased from both the top and the bottom. We are seeing margin traders getting constantly wrecked meanwhile price is extremely stable and coins continue to leave exchanges.

Perhaps we should have spiked to 80k already, yet we didn’t. Perhaps we should have pulled back to 40k, yet we haven’t. The buying pressure from the bottom is still present, institutions quite happy to take small pieces and keep the price below 60k by backing off on order sizes. Meanwhile the underlying data shows the price floor ripping upwards at around 46k now as coins continue to be pulled from exchanges.

As the floor increases it puts increasing pressure on the spot price to go for a run while preventing any sizeable dip. Price can’t be kept down for much longer though, futures wants 80k by month end.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 10, 2021, 02:51:11 PM
Quote from: Bindare_Dundat on April 10, 2021, 03:35:22 AM
Exactly!

It’s interesting from my perspective to see Americans be easily swayed to conspiracy theories and believe the rich are controlling every aspect of life on Earth yet when they are armed with the knowledge that the rich are involved in Bitcoin those same Americans claim it’s useless....

The rich are using QE to pillage the current world.
The rich are buying into crypto to control the next world.

It’s that simple and it’s right in front of us.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 10, 2021, 05:38:42 PM
Quote from: Mayday on April 10, 2021, 12:37:23 AM
Forget the 'money' line that some people push. The currencies will be here after all this mess, bitcoin isn't going to take over them in the near future.

You need to consider it as a 'stable asset' against the Money Supply. This is what Bitcoin is.

Instead of wondering whether one should put their money into stocks, metals, property, art etc you can dump it in bitcoin and be protected from currency devaluation. If the money supply goes up 25% then Bitcoin goes up 25%, that is how it will work once it becomes larger and less volatile.

You use it as savings. Then when you are ready to purchase something, put it into fiat and buy what it is you need.


Soros is already in. Bill Gates is already in. All these fuckers are not only making billions off QE but also buying assets involved in crypto and gaining from it aswell.

All that BS about Gates giving away his fortune..... the mofo is the largest farmland owner in the US, has his fingers all through the vaccines and is also snapping up crypto related assets along with crypto. Oh but he'll tell every average Joe not to buy it..... if you believe what he says, well i wish you the best.

Well said. Its hard to believe people simply can't understand this. Those who "trust the system" are essentially slaves.

Through various phases of BTC was that the cypher-punks, mathematicians, geniuses, dreamers, anarchists, realists, freedom-lovers, smart economists, technologists, etc who aall understood. The super rich and those with super political control then had to make a decision - do we fight and resist the people? Or do we accept this is happening, and embrace whilst trying to maintain power. Its the latter which is now playing out (as the former is virtually impossible, unless you actually kill people - and even then the algorithm itself still continues to function, just with less people who have access to their stored wealth).

So, we as individuals, have an opportunity to front run the big boys. Big funds, investment banks, pension funds, corporates, retail banks, insurance companies, central banks, Governments. There is still ample time to convert fake sovereign money (of unlimited supply) into global money (of 100% limited supply). But each and every day, minute, second, that opportunity to capture wealth is declining, as of course the more wealth that is moved into Bitcoin, the higher the % of wealth is captured by Bitcoin, making its price higher (and the proportionate relative percentage upside lower).

But gain, it still early early days.

I would urge everyone to forget about daily prices (even though its fun). A good short term horizon next time marker could be March 2025 (around 9 months or so after the next halvening (likely in June 2024 at this stage).

For those who are interested in short term, as I said before we have a nice solid base above 50K for BTC. Everytime there is a bump above, fewer and fewer week hands selloff. (Some might be early BTC owners taking small gains, some might be HNWs or funds adjusting their balance to ensure BTC % holding is not too high for total allocation, some might be funds who want to lock in a very nice gain for the year and simply "go to the beach" - if your fund is already 20%+ up over the year you have already hit a great number so why risk losing that and the associated bonus). But either way, that consolidation is really building a very solid foundation. Coinbase IPO coming could be what is needed to boost the next big move.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 10, 2021, 05:42:24 PM
Quote from: Humble Narcissist on April 10, 2021, 12:59:00 PM
I would do it now.

Moving an asset that is increasing in value, into one that is decreasing in value, is not typically a smart idea when the prime function of the asset is to preserve wealth...

Having said that, I think its quite OK to own and hodl a little gold. I would not rule gold out entirely. BTC will slowly but surely consume gold's market cap, but a point may well come, when those in BTC may look for an analogue alternative and might actually buy a little gold for the first time. Combine that with social media and a bitcoin payment network and you have the makings of a gold boom at some time in the future...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on April 11, 2021, 03:36:25 AM
Aren’t there only something like 20M BTC since a lot are considered lost? Out of those 20 million how many actually people hold them since some dudes have a shitload. How can one asset held by maybe 15 million max people be worth so fucking much?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 11, 2021, 04:14:40 AM
Quote from: El Diablo Blanco on April 11, 2021, 03:36:25 AM
Aren’t there only something like 20M BTC since a lot are considered lost? Out of those 20 million how many actually people hold them since some dudes have a shitload. How can one asset held by maybe 15 million max people be worth so fucking much?

21M BTC supply

A few are lost yes.

Like most things 5% own 95%.

There is 100M satoshi per Bitcoin so we aren’t running out.

It’s just that today a full coin is affordable whereas in 2022 a full coin will only be affordable by 5% of the population and then by 2025 only 2% will afford a full coin. People will purchase satoshis just fine.

Don’t overthink the ‘full coin’ thing too much. One should consider if you have 10K of savings in a
Bank account it earns zero interest vs in Bitcoin it will increase it’s value by 100%/yr.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on April 11, 2021, 05:27:17 AM
XRP up 130% in the past week.

VeChain (VET) up 50%.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on April 11, 2021, 08:31:33 AM
So I finally managed to read a couple of books on Crypto finance. While I am not an expert on the entire crypto eco-and-financial-system, I am now at least better able to analyze individual cryptos with relative ease as compared to before. As an Accounting & Economics BS/MBA/CPA, the study of cryptocurrencies was never an area of study in my day. I am strong at financial technical analysis via candlestick patterns, fibonacci retracements and of course tried & trusted research and have started to at least marry that knowledge into the world of Crypto. Again, just really getting my feet wet, as my true fields of expertise when it comes to investments is within Real Estate Investment Properties, REITs, Taxation loopholes, Index Funds, ETFs and Government + Corporate Bonds. With regards to cryptocurrencies, I am now truly beginning to appreciate the relationship that circulating supply, crypto price and market cap all have when determining what the maximum "estimated" price of a crypto could be. I've also come to appreciate that the godfather of all cryptos at this point is Bitcoin and it's truly the main measuring stick to compare and contrast the performance of other possible cryptos. In other words, its become clear that all other cryptocurrency price projections have to be pegged to BTC, as it's essentially the trailblazer that shows others how far they could, in theory, go. I am now seeing that the crypto market's TOTAL market cap that hovers at around $2+ Trillion has much importance in determination of "possible" future prices.

Recently, I had purchased both Cardano (ADA) + Polkadot (DOT) for my nephew as a gift. After analyzing both, I realized that getting rich from either of those would be farfetched, unless the cryptos were both bought when individual prices were worth less than $0.10 and to the tune of 10,000+ ADAs and/or DOTs.

Looking closely at both these cryptos, I realized that the true maximum price ADA could possibly attain in a warped reality is likely around $35-$40. To even reach that price, ADA would need a market cap that is > $1 Trillion (in other words, it would have to be an equal to BTC, if not larger in terms of market cap). Hell, for ADA to reach similar prices as present day BTC ($60,000), it would have to have a market cap of roughly $67 Trillion. Given that the entire world's money supply is anywhere between $90-120 Trillion, I don't ever imagine a reality where ADA would suck up more than half of the world's money supply. That said, Cardano is indeed looking at bigger goals (integration into Ethiopia as practically a new currency for the country). I also realize that Africa's potential to be the next financial frontier is massive, given that they have a lot more untapped natural resources and people capital than many other continents. No surprise that China is aggressively digging their claws into that continent.

Polkadot, by way of it's smaller circulating supply of 928,426,052 (ie scarcity giving it more actual value) and present market cap of $37,483,357,697, has a lot more potential to "BOOM" and in a future world reach a max price of around $1,200 (if its market cap matches BTCs market cap). Again, both ADA & DOT are great cryptos to own, as they are more advanced in their capabilities as opposed to merely great storages of wealth and/or hedges against inflation like Bitcoin.

Ethereum is also good, but its price certainly poses a barrier to entry for most (I bought a sizable position not too long ago), unless you buy fractional amounts. Even then, if pegged to the price of BTC, its maximum possible price would be more like $10,000. Again, not bad, but depending on when you enter the game, your gains might not be astronomical or life changing.

Also, there is no telling how far inflation (or even hyperinflation) can go given the recent antics of the Federal Reserve and other foreign nation central banks. We could slowly walk into a new paradigm shift where world money circulation quadruples in size, which would in turn drastically raise the price of all cryptos.

Recently, I posed a question with regards to what new cryptocurrencies could possibly be the next Bitcoin. It's hard to speculate, as the total market cap for the cypto market is literally just a little over $2 Trillion and half of that is owned by Bitcoin. But in tomorrow's world, where central banks possibly disappear due to greed, corruption and induced hyperinflation, there could be a viable argument to suggest that the "people" might have to take the concept of money into their own hands (or digital wallets). But if any of you have a crazy notion about what crypto could become the next Bitcoin, share that with us. I'd like to analyze the fuck out of it and begin a discussion towards finding that unicorn.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on April 11, 2021, 09:25:05 AM
Quote from: gib on April 10, 2021, 05:42:24 PM
Moving an asset that is increasing in value, into one that is decreasing in value, is not typically a smart idea when the prime function of the asset is to preserve wealth...

Having said that, I think its quite OK to own and hodl a little gold. I would not rule gold out entirely. BTC will slowly but surely consume gold's market cap, but a point may well come, when those in BTC may look for an analogue alternative and might actually buy a little gold for the first time. Combine that with social media and a bitcoin payment network and you have the makings of a gold boom at some time in the future...
Moving an asset that is increasing in value is smart when the asset is Unicorn farts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on April 11, 2021, 09:50:04 AM
These are some cryptocurrencies I am considering:

Enjin Coin (ENJ)

Enjin Coin (ENJ) is an Ethereum token that aims to “make it easy for individuals, businesses, and brands to use non-fungible tokens (NFTs).” ENJ is used to directly back the value of NFTs minted within the Enjin ecosystem.

Theta (THETA)

Theta (THETA) is a blockchain powered network purpose-built for video streaming. Launched in March 2019, the Theta mainnet operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis.

Elrond (EGLD)

Elrond is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding. The project describes itself as a technology ecosystem for the new internet, which includes fintech, decentralized finance and the Internet of Things. Its smart contracts execution platform is reportedly capable of 15,000 transactions per second, six-second latency and a $0.001 transaction cost.

BitTorrent Token (BTT)

BitTorrent is a popular peer-to-peer (P2P) file sharing and torrent platform which has become increasingly decentralized in recent years.

Aave (AAVE)

Aave (AAVE) is an Ethereum token that powers Aave, a decentralized non-custodial money market protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow cryptocurrencies in exchange for paying a variable interest rate.

Decentaland (MANA)

Decentraland is an Ethereum-based blockchain platform where users can purchase, build and monetize virtual reality applications. Users can purchase virtual land in the platform’s world which gives them ownership and control over the environment and applications they create within their land.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on April 11, 2021, 10:56:09 AM
Quote from: Griffith on April 11, 2021, 09:50:04 AM
These are some cryptocurrencies I am considering:

I'd like to expand on each one if it's ok with you, but first lets talk about this one:

Quote from: Griffith on April 11, 2021, 09:50:04 AM
Enjin Coin (ENJ)

Enjin Coin (ENJ) is an Ethereum token that aims to “make it easy for individuals, businesses, and brands to use non-fungible tokens (NFTs).” ENJ is used to directly back the value of NFTs minted within the Enjin ecosystem.

I started to slowly read up on this crypto and did find it interesting. I really like the fact that Enjin Coin is the product of Enjin and that Enjin is a blockchain-based game and app developer. Just the mere fact that this coin could facilitate transactions between players within online and in-app gaming is HUGE in my opinion.

The world of online gaming has an enormous participation rate/volume. Moreover, while some can argue that the vast majority of participants are also children, we know very well that the easiest way into the pockets of a set of parents (2 parents at that) is by way of a nagging, crying or overachieving child that simply wants game tokens or exchangeable currency to use in their gaming experiencing. Putting aside the fact that adults also love to spend on online and in-app gaming, I think this holds a world of potential. What I haven't researched as of yet is what gaming platforms and/or companies have they paired with or have working contracts with. For instance, if ENJIN coin had a working relationship with EPIC games (the developers of Fortnite), then it's a no-brainer for me.

In terms of a basic analysis, here's what I found:

ENJIN coin currently has a circulating supply of: 834,313,757 (That's huge, as it's relatively scarce compared to other cryptos, which increases the likelihood that the inherent value per coin can mature to be high). Circulating supply in the double digit values (ie millions, the likes of Bitcoin) would be great, but triple digit values in the millions certainly beats numbers in the billions. Also, just as an added note, I am familiar with the fact that the calculations below might be a little skewed as the actual MAX total circulating supply that ENJ can have is in reality 1,000,000,000 (still not far from that 834 million we will be working with).

If we compared (ie peg) the circulating supply of ENJ (834,313,757) to that of Bitcoin's (18,679,875), it's conceivable to see that for ENJ to be as valuable as BTC, it's market cap would have to increase to the tune of 45x. Thus, ENJ's future market cap in order to achieve BTC levels would have to become: $120,204,741,285. A market cap in the billions (as aforementioned) is very reasonable to obtain, given that ETH for instance already has a market cap of $248,467,152,508 (which is more than double).

Now, if we wanted to go crazy and assume ENJ reaching values of BTC in terms of actual price as related to current market cap, it's also feasible. When comparing market cap to market cap, ENJ price can grow up to 420x and land a price of $1,356 per coin (which is pretty awesome considering it's current price) if obtaining a similar market cap of $1 Trillion +.

Again, maybe not the kind of crazy $60K+ returns that Bitcoin offers today, but if you take a small position, say $1,000, if/when the actual price reaches over $1.3K as I mentioned previously, you could be looking at around half a million USD in profits during a long hold.

The other thing I am not even trying to calculate into this broad equation is that if and when the actual crypto space market cap increases and we no longer dabble with just slightly over $2 Trillion of available money invested into BTC and all other coins, then the script can be flipped and most predictions would be off.

Let me know your thoughts and cross-analysis. I haven't bothered to perform an actual technical analysis on ENJ, but on face value and research alone, it does seem attractive.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 11, 2021, 05:58:53 PM
Quote from: OneMoreRep on April 11, 2021, 10:56:09 AM
I'd like to expand on each one if it's ok with you, but first lets talk about this one:

I started to slowly read up on this crypto and did find it interesting. I really like the fact that Enjin Coin is the product of Enjin and that Enjin is a blockchain-based game and app developer. Just the mere fact that this coin could facilitate transactions between players within online and in-app gaming is HUGE in my opinion.

The world of online gaming has an enormous participation rate/volume. Moreover, while some can argue that the vast majority of participants are also children, we know very well that the easiest way into the pockets of a set of parents (2 parents at that) is by way of a nagging, crying or overachieving child that simply wants game tokens or exchangeable currency to use in their gaming experiencing. Putting aside the fact that adults also love to spend on online and in-app gaming, I think this holds a world of potential. What I haven't researched as of yet is what gaming platforms and/or companies have they paired with or have working contracts with. For instance, if ENJIN coin had a working relationship with EPIC games (the developers of Fortnite), then it's a no-brainer for me.

In terms of a basic analysis, here's what I found:

ENJIN coin currently has a circulating supply of: 834,313,757 (That's huge, as it's relatively scarce compared to other cryptos, which increases the likelihood that the inherent value per coin can mature to be high). Circulating supply in the double digit values (ie millions, the likes of Bitcoin) would be great, but triple digit values in the millions certainly beats numbers in the billions. Also, just as an added note, I am familiar with the fact that the calculations below might be a little skewed as the actual MAX total circulating supply that ENJ can have is in reality 1,000,000,000 (still not far from that 834 million we will be working with).

If we compared (ie peg) the circulating supply of ENJ (834,313,757) to that of Bitcoin's (18,679,875), it's conceivable to see that for ENJ to be as valuable as BTC, it's market cap would have to increase to the tune of 45x. Thus, ENJ's future market cap in order to achieve BTC levels would have to become: $120,204,741,285. A market cap in the billions (as aforementioned) is very reasonable to obtain, given that ETH for instance already has a market cap of $248,467,152,508 (which is more than double).

Now, if we wanted to go crazy and assume ENJ reaching values of BTC in terms of actual price as related to current market cap, it's also feasible. When comparing market cap to market cap, ENJ price can grow up to 420x and land a price of $1,356 per coin (which is pretty awesome considering it's current price) if obtaining a similar market cap of $1 Trillion +.

Again, maybe not the kind of crazy $60K+ returns that Bitcoin offers today, but if you take a small position, say $1,000, if/when the actual price reaches over $1.3K as I mentioned previously, you could be looking at around half a million USD in profits during a long hold.

The other thing I am not even trying to calculate into this broad equation is that if and when the actual crypto space market cap increases and we no longer dabble with just slightly over $2 Trillion of available money invested into BTC and all other coins, then the script can be flipped and most predictions would be off.

Let me know your thoughts and cross-analysis. I haven't bothered to perform an actual technical analysis on ENJ, but on face value and research alone, it does seem attractive.

"1"

I will just make a general comment. The vast majority of "alts" are outright scams. We seen more than 10,000 alts give it a shot, and very very few have gained any longer term trading traction. And even then, for those that last a little longer before disappearing, you need to figure out what their intended purpose is beyond simply being a purely speculative asset. An even smaller % that actually are truly potentially useful, are successfully adopted long term for any practical use. We all want to be chasing the rainbow for that pot of gold, but the reality is that the gold (in terms of pristine store of value) already exists - which is Bitcoin.

Now don't get me wrong, that is not to say that in the short term, an alt could pump incredibly hard. They can.

Most serious longer term and fulltime crypto investors I know started with (or still have a 70/20/10 approach). Ie BTC 70%, Eth 20%, alts 10%. A number of then take that 10% for alts and put it into and out of various alts quite rapidly, using leverage, and then store any gains they make in BTC until the next move. Remember its all good jumping around like this when the market is buoyant. On any correction the alts will get devastated, which is why some of the "grey-hair" traders that started in the 2015-2008 period stay away from alts altogether. 

The only other reliable way to make money on ats is to be very very close to the top of the food chain. There is quite a good launching structure now, with founders then selling to market pumpers who in turn have connects to crypto social media influencers, who then eventually flow down to retail investors. So, if you are connected anywhere above the retail investor in the chain there is money to be made. Sometimes huge. So for example I have friends who get an "in" at 250K, and then sell out at 1m (in some cases way way to early). On one such cases a friend put in 200K only for the alt pump to peak at 40x. I have been invited to participate in these schemes but have always declined, as exciting as they sound its not for me.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on April 11, 2021, 06:06:25 PM
Quote from: gib on April 11, 2021, 05:58:53 PM
I will just make a general comment. The vast majority of "alts" are outright scams.

I can see that. To that point, I think the most serious altcoin is Cardano. Created by one of the founders of Ethereum and with some serious plans for scaling.

The others are very risky and highly speculative. Anyone's guess as to which one will truly survive.

Also, for you it's different. If you already hold 50 actual Bitcoins or so, it's no longer a quick profit game for you via day trading, instead it's a long game with HODL'ing all the way.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 11, 2021, 06:23:31 PM
Quote from: OneMoreRep on April 11, 2021, 06:06:25 PM
I can see that. To that point, I think the most serious altcoin is Cardano. Created by one of the founders of Ethereum and with some serious plans for scaling.

The others are very risky and highly speculative. Anyone's guess as to which one will truly survive.

Also, for you it's different. If you already hold 50 actual Bitcoins or so, it's no longer a quick profit game for you via day trading, instead it's a long game with HODL'ing all the way.

"1"

Yes, agree. But I would add its never too late to HODL. If you have clients asking about crypto investing, I would be very very careful advising on any alt. Remember you main aim should be to preserve wealth, and generate the most likely return in proportion to minimum risk.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 11, 2021, 06:57:05 PM
Quote from: OneMoreRep on April 11, 2021, 06:06:25 PM
I can see that. To that point, I think the most serious altcoin is Cardano. Created by one of the founders of Ethereum and with some serious plans for scaling.

The others are very risky and highly speculative. Anyone's guess as to which one will truly survive.

"1"

Probably not what you want to hear but The ‘SS spastic crazy returns’ boat left the dock 9 months ago.

BTC will 5x from here with low risk.

I’m only in alts for a little While longer before I dump just like the whales.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on April 11, 2021, 07:00:02 PM
Quote from: gib on April 11, 2021, 06:23:31 PM
Yes, agree. But I would add its never too late to HODL. If you have clients asking about crypto investing, I would be very very careful advising on any alt. Remember you main aim should be to preserve wealth, and generate the most likely return in proportion to minimum risk.

Regarding my clients, remember I'm an Accountant (CPA), not a financial advisor, so technically I can't give out financial advice (just limited financial advice).

Now, when close friends (whom I do taxes for) ask what they should do in terms of crypto investments, I suggest that no more than 10-15% of their portfolio should be invested into crypto. As a store of wealth and possible hedge against inflation of the USD, I suggest BitCoin as it does provide better ROI than many other types of investment. The major con of course is the volatility when it comes to BTC, but it's looking more and more promising with larger institutions coming into the picture.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 11, 2021, 07:34:55 PM
Cardano is a great play and I'm grabbing more and am staking as well.  Ill be holding on to cardano for a long time.
Love the deadalus wallet as well.

Go for it. I respect gib and Mayday but I'm not a fan of the btc maximallists mentality.

Crypto works in cycles. Money flows from btc to the major alts and down to lower cap crypto. Then the cycle repeats itself. This time won't be any different. Look at some the explosive growth of some of the alts. Insane %.  You could never make as much money or as quickly just holding some Satoshi at this price in the same.time frame.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 11, 2021, 09:36:01 PM
I hold more in alt coins than I do BTC so I’m hardly a BTC maximalist. 

I understand monetary systems, inflation and deflation. BTC falls into that area. It’s my bet against the money supply which I track and follow closely. I understand why BtC has a value, whereas I don’t know why alts have a value or what it’s supposed to be.

stating one couldn’t possibly make as much buying BTC doesn’t factor in risk/odds. That is penny stock level of thinking. If BTC market share goes up 10% it means 1 coin gained all that value. If alt coin market share goes up 10% it means the increase was divided among 6,999 coins. Hopefully people pick well.......
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 11, 2021, 11:52:56 PM
60,820
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 11, 2021, 11:56:11 PM
Quote from: Mayday on April 11, 2021, 09:36:01 PM
I hold more in alt coins than I do BTC so I’m hardly a BTC maximalist. 

I understand monetary systems, inflation and deflation. BTC falls into that area. It’s my bet against the money supply which I track and follow closely. I understand why BtC has a value, whereas I don’t know why alts have a value or what it’s supposed to be.

stating one couldn’t possibly make as much buying BTC doesn’t factor in risk/odds. That is penny stock level of thinking. If BTC market share goes up 10% it means 1 coin gained all that value. If alt coin market share goes up 10% it means the increase was divided among 6,999 coins. Hopefully people pick well.......



ADA 1q returns are over 550%

BTC 1q returns. 110%

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 12, 2021, 12:20:24 AM
61k
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 12, 2021, 12:29:31 AM
New ATH looks likely on Coinbase listing this Wednesday.

(Poor old Mr Anabolic...)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 12, 2021, 12:41:54 AM
Quote from: gib on April 12, 2021, 12:29:31 AM
New ATH looks likely on Coinbase listing this Wednesday.

(Poor old Mr Anabolic...)

Yes but what happens after that? We just hit 61.4 on bybit. Wonder how bad the drop will be after Wed. before things pick back up?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on April 12, 2021, 02:38:45 AM
What a spectacular bull run we are seeing in XRP and binance coin. I read up on binance coin and it makes sense why it is going up in value. I don't know anything about XRP.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on April 12, 2021, 03:01:31 AM
(https://www.flowbank.com/hubfs/Eyhv9eXXIAI8VuX.jfif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 12, 2021, 03:24:13 AM
Quote from: FitnessFrenzy on April 12, 2021, 02:38:45 AM
What a spectacular bull run we are seeing in XRP and binance coin. I read up on binance coin and it makes sense why it is going up in value. I don't know anything about XRP.

BNB is solid. I’m heavy on that one and it’ll end up being some big monster of a coin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 13, 2021, 01:25:12 AM
Quote from: Mayday on April 12, 2021, 03:24:13 AM
BNB is solid. I’m heavy on that one and it’ll end up being some big monster of a coin.
Only thing is the centralization might be an issue in the future. Being censorship resistant is the whole point of crypto.

Binance CEO calls for censorship of cryptocurrency news sites - should or not?
https://notref.com/binance-ceo-calls-for-censorship-of-cryptocurrency-news-sites-should-or-not

Anonymous developers are attempting to test BSC's decentralization by launching controversial and insensitive projects on the network.
https://cryptobriefing.com/controversial-game-puts-binance-smart-chain-test/
Tiananmen Square Immortalized on Binance Smart Chain
BSC Games Based on Slavery, Violence

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 13, 2021, 01:39:59 AM
Quote from: Mr Anabolic on September 04, 2017, 06:40:41 AM
Your posts here have demonstrated a total ignorance for real value, market cycles and asset bubbles.

Good luck anyway.

Thank you @MrAnabolic.

Oh, and $62,000....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 13, 2021, 02:10:14 AM
I've been thinking about taking some profit on my btc  because I dont want to go throug what happened the last cycle.

Anyone doing that now, or are you just hodling? Any suggestions? Should I start to incrementally take out my initial capital or keep riding this further into the summer?

Admittedly I'm bring greedy right now and dont want to give up anything to squeeze out any future pptential profits as much as i can but I dont wanna screw myself either.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on April 13, 2021, 07:50:01 AM
$ 63,000.55
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on April 13, 2021, 08:01:53 AM
I'm not reading a gazillion pages on this thread.  But any dogecoin fans on board?

I assume most of you are purchasing through Robinhood?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on April 13, 2021, 09:57:52 AM
Quote from: Humble Narcissist on April 11, 2021, 09:25:05 AM
Moving an asset that is increasing in value is smart when the asset is Unicorn farts.

There are over 40000 publically traded companies, only 32 have btc on their balance sheet.

Have fun staying  poor.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on April 13, 2021, 10:22:54 AM
Quote from: Theoak* on April 13, 2021, 09:57:52 AM
There are over 40000 publically traded companies, only 32 have btc on their balance sheet.

Have fun staying  poor.
I'm not poor and I certainly wouldn't be richer with Bitcoin.  The Bitcoin millionaires are the most delusional people since the MLM craze.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 13, 2021, 11:12:06 AM
63.5
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 13, 2021, 02:07:53 PM
Quote from: Bindare_Dundat on April 13, 2021, 02:10:14 AM
I've been thinking about taking some profit on my btc  because I dont want to go throug what happened the last cycle.

Anyone doing that now, or are you just hodling? Any suggestions? Should I start to incrementally take out my initial capital or keep riding this further into the summer?

Admittedly I'm bring greedy right now and dont want to give up anything to squeeze out any future pptential profits as much as i can but I dont wanna screw myself either.

Life happens along the way. Nothing wrong with taking profit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bevo on April 13, 2021, 06:45:00 PM
Quote from: LurkerNoMore on April 13, 2021, 08:01:53 AM
I'm not reading a gazillion pages on this thread.  But any dogecoin fans on board?

I assume most of you are purchasing through Robinhood?

I have 4 million dogecoins bought when it was 0.00334 cents  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 13, 2021, 07:30:29 PM
Quote from: Humble Narcissist on April 13, 2021, 10:22:54 AM
I'm not poor and I certainly wouldn't be richer with Bitcoin.  The Bitcoin millionaires are the most delusional people since the MLM craze.

Interesting that anti Bitcoin people are at the point where making 6x is the new making no money?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on April 13, 2021, 08:52:24 PM
Quote from: Bevo on April 13, 2021, 06:45:00 PM
I have 4 million dogecoins bought when it was 0.00334 cents  ;D
Your opinion on purchasing now?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 13, 2021, 09:26:33 PM
COINBASE LISTING TODAY!!! WHAT AN EPIC MOMENT FOR BITCOIN!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 13, 2021, 09:45:53 PM
Quote from: Humble Narcissist on April 13, 2021, 10:22:54 AM
I'm not poor and I certainly wouldn't be richer with Bitcoin.  The Bitcoin millionaires are the most delusional people since the MLM craze.

What a nonsensical statement. Makes me wonder if this is a Mr Anabolic gimmick.

Anyone who bought or hodled BTC when this thread started is up over 14x on their investment.

The reality is, that those who stubbornly refuse to accept (or understand) the decline of the USD are the ones who are truely delusional...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 13, 2021, 10:22:10 PM
Quote from: LurkerNoMore on April 13, 2021, 08:52:24 PM
Your opinion on purchasing now?
It could potentially hit $1 one day. But there will be ups and downs along the way...

https://www.cryptoglobe.com/latest/2021/04/mark-cuban-thinks-dogecoin-doge-could-get-to-1-but-could-it-get-to-10/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 13, 2021, 10:25:00 PM
Quote from: Bevo on April 13, 2021, 06:45:00 PM
I have 4 million dogecoins bought when it was 0.00334 cents  ;D
$0.00334 or 0.00334 cents? There's a 100x difference between those two.

I bought Doge at $0.024. New ATH is $0.13. So in my case that is a 5.41X since a few months ago. Even so My profit on Doge is close to $20,000 right now.

You did amazing! How much is your profit? Congrats!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 13, 2021, 10:30:46 PM
Ethereum's price right now is about double Bitcoin's price at this point in time in 2017. In that year Bitcoin reached close to $20,000. So is it possible that Ethereum could end up around 30-40k by the end of this year?

Ethereum Open Price 2021:
Jan 01, 2021   737.71
Feb 01, 2021   1,314.86
Mar 01, 2021   1,417.15
Apr 01, 2021   1,919.16
Apr 14, 2021   2,294.12

Bitcoin Open Price 2017:
Jan 01, 2017   963.66
Feb 01, 2017   970.94
Mar 01, 2017   1,180.04
Apr 01, 2017   1,080.61
Apr 14, 2017   1,170.33
May 01, 2017   1,421.03
Jun 01, 2017   2,404.03
Jul 01, 2017   2,436.40
Aug 01, 2017   2,727.13
Sep 01, 2017   4,901.42
Oct 01, 2017   4,395.81   
Nov 01, 2017   6,440.97
Dec 01, 2017   10,198.60
Dec 17, 2017   19,475.80
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 13, 2021, 10:32:22 PM
Ethereum new ATH of about $2,408.89. Almost halfway to "Ethereums - about to hit $5,000 per coin today!"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 13, 2021, 11:06:39 PM
Quote from: obsidian on April 13, 2021, 10:30:46 PM
Ethereum's price right now is about double Bitcoin's price at this point in time in 2017. In that year Bitcoin reached close to $20,000. So is it possible that Ethereum could end up around 30-40k by the end of this year?

Ethereum Open Price 2021:
Jan 01, 2021   737.71
Feb 01, 2021   1,314.86
Mar 01, 2021   1,417.15
Apr 01, 2021   1,919.16
Apr 14, 2021   2,294.12

Bitcoin Open Price 2017:
Jan 01, 2017   963.66
Feb 01, 2017   970.94
Mar 01, 2017   1,180.04
Apr 01, 2017   1,080.61
Apr 14, 2021   1,170.33
May 01, 2017   1,421.03
Jun 01, 2017   2,404.03
Jul 01, 2017   2,436.40
Aug 01, 2017   2,727.13
Sep 01, 2017   4,901.42
Oct 01, 2017   4,395.81   
Nov 01, 2017   6,440.97
Dec 01, 2017   10,198.60
Dec 17, 2017   19,475.80

When looking for a return generally people push the formulas to equal a desired result because they don't have enough invested initially.

You have enough invested dude so you don't need to push things to get an outcome that is drool worthy.

10k is highly likely. Honestly, don't even be phased to much about it not getting to this point.
15k is likely.
20k is IMO ballpark ceiling before you start making larger optimistic assumptions.

I have 3 different models of which i am using the lowest number.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bevo on April 13, 2021, 11:40:37 PM
Quote from: obsidian on April 13, 2021, 10:25:00 PM
$0.00334 or 0.00334 cents? There's a 100x difference between those two.

I bought Doge at $0.024. New ATH is $0.13. So in my case that is a 5.41X since a few months ago. Even so My profit on Doge is close to $20,000 right now.

You did amazing! How much is your profit? Congrats!

I checked and the exact amount I bought was $0.00324 cents @ 14,000 invested, with a profit around 560k (546k minus 14k invested) as of now at 13 cents

How long should I keep it for? Should I sell? Or wait if it hits a 1 dollar?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bevo on April 13, 2021, 11:52:23 PM
Quote from: obsidian on April 13, 2021, 10:22:10 PM
It could potentially hit $1 one day. But there will be ups and downs along the way...

https://www.cryptoglobe.com/latest/2021/04/mark-cuban-thinks-dogecoin-doge-could-get-to-1-but-could-it-get-to-10/

X2
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on April 14, 2021, 12:21:28 AM
Quote from: Bevo on April 13, 2021, 11:40:37 PM
I checked and the exact amount I bought was $0.00324 cents @ 14,000 invested, with a profit around 560k (546k minus 14k invested) as of now at 13 cents

How long should I keep it for? Should I sell? Or wait if it hits a 1 dollar?

Good job bevo. Convert it all to btc and become a btc maxi.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on April 14, 2021, 01:35:51 AM
Quote from: gib on April 13, 2021, 09:45:53 PM
What a nonsensical statement. Makes me wonder if this is a Mr Anabolic gimmick.

Anyone who bought or hodled BTC when this thread started is up over 14x on their investment.

The reality is, that those who stubbornly refuse to accept (or understand) the decline of the USD are the ones who are truely delusional...
We shall see.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 14, 2021, 01:39:07 AM
Quote from: Humble Narcissist on April 14, 2021, 01:35:51 AM
We shall see.

 ::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on April 14, 2021, 01:52:03 AM
$ 64,533.25
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on April 14, 2021, 02:07:58 AM
Quote from: Humble Narcissist on April 13, 2021, 10:22:54 AM
I'm not poor and I certainly wouldn't be richer with Bitcoin.  The Bitcoin millionaires are the most delusional people since the MLM craze.

That seems like an odd thing to say since the facts point otherwise. Though BTC is very volatile and goes up and down the overall trend is up. I mean, this thread was started rejoicing on BTC reaching a new high of $5,000. It's over ten times that in just a few years. Surely some people have made money. My cousin's neighbor retired on his BTC investments. His cars and house look real to me.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on April 14, 2021, 02:13:09 AM
Quote from: Humble Narcissist on April 14, 2021, 01:35:51 AM
We shall see.

We already have. Reread the title of this thread.

What would you recommend as a better investment?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 14, 2021, 02:25:19 AM
Quote from: pellius on April 14, 2021, 02:13:09 AM
We already have. Reread the title of this thread.

What would you recommend as a better investment?

Fear, doubt  and sarcasm it seems are better investments for some people.
I dont even get the point of coming on here and being negative. It really makes a person look ridiculous when reality is a completely different story.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 14, 2021, 04:22:24 AM
Quote from: Mayday on April 13, 2021, 11:06:39 PM
When looking for a return generally people push the formulas to equal a desired result because they don't have enough invested initially.

You have enough invested dude so you don't need to push things to get an outcome that is drool worthy.

10k is highly likely. Honestly, don't even be phased to much about it not getting to this point.
15k is likely.
20k is IMO ballpark ceiling before you start making larger optimistic assumptions.

I have 3 different models of which i am using the lowest number.
I agree dude. But I am comparing the 2017 Bitcoin bull run with the 2021 Ethereum bull run and thus far Ethereum is doing better in dollar terms. There's a lot of developments in store for ETH also this year. You mentioned it takes a smallish amount of capital to move an asset like Ethereum or Bitcoin by significant percentages. Perhaps 30k could be possible in 2021. Maybe it is BS but ETH right now is sitting at double the value of BTC in 2017 in the same time frame. And in that 2017 bullrun BTC eventually peaked at close to 20K in December.

Ctypto is going more mainstream now. You have massive stimulus programs that require the printing of trillions of dollars. People are becoming aware of the need to find a hedge against inflation and fiat currencies that lose value over time. If we did not have these scenarios I would be less bullish on this crypto run.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on April 14, 2021, 09:39:05 AM
Quote from: pellius on April 14, 2021, 02:13:09 AM
We already have. Reread the title of this thread.

What would you recommend as a better investment?
Real estate, foreign currency, gold, silver, commodities and stocks.  Literally everything.  Don't get sucked into this Ponzi scheme Pellius.  You are old enough to remember multi level marketing schemes, right?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 14, 2021, 01:07:23 PM
Interesting video!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on April 14, 2021, 01:57:35 PM
I'm curious as to how many have sold their bitcoin to reap the profit?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 14, 2021, 02:07:10 PM
Quote from: obsidian on April 14, 2021, 04:22:24 AM
I agree dude. But I am comparing the 2017 Bitcoin bull run with the 2021 Ethereum bull run and thus far Ethereum is doing better in dollar terms. There's a lot of developments in store for ETH also this year. You mentioned it takes a smallish amount of capital to move an asset like Ethereum or Bitcoin by significant percentages. Perhaps 30k could be possible in 2021. Maybe it is BS but ETH right now is sitting at double the value of BTC in 2017 in the same time frame. And in that 2017 bullrun BTC eventually peaked at close to 20K in December.

Ctypto is going more mainstream now. You have massive stimulus programs that require the printing of trillions of dollars. People are becoming aware of the need to find a hedge against inflation and fiat currencies that lose value over time. If we did not have these scenarios I would be less bullish on this crypto run.

I’d err on the side that something will go wrong.

Extrapolation is a lure that kills you.

We are at double the rate of growth vs 2017 which means it’s possible we won’t have the same linear movement up like in 2017. May-Jun is critical in understanding how the year plays out because we may double peak.

The most ‘sure thing’ is timeframe. While we should peak in Early October according to when the halving took place, history says we will peak in December.


I track the money supply so I’m across the arguments about why it should go higher. just remember expansion might be 20%-30% this year which doesn’t add much dollar wise to the price. The adoption of BTC is what will drive the 95% of price movement this year. I have 3 very realistic models: 320k-518k-900k

320k If we double peak (May-Jun 130k peak - lull - final peak).
518k assuming linear trend using longer consolidation periods vs 2017 which slows growth vs an extrapolation model.
900k extrapolation which will be wrong in the end because these are almost never correct.


Don’t forget ETH will peak after BTC meaning the BTC will be much lower which influences how hard ETH can run by itself.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on April 14, 2021, 04:00:49 PM
Quote from: Humble Narcissist on April 09, 2021, 01:01:50 PM
When people actually start buying houses with Bitcoin I will believe it.

Britain's most expensive apartment is on sale for $240m - bitcoin  accepted as payment!

https://www.google.com/amp/s/www.telegraph.co.uk/business/2021/04/14/britains-expensive-apartment-175m-bitcoin-accepted/amp/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on April 14, 2021, 04:05:20 PM
Quote from: gib on April 13, 2021, 09:26:33 PM
COINBASE LISTING TODAY!!! WHAT AN EPIC MOMENT FOR BITCOIN!

Coinbase just released 10s billions of dirty fiat into longtime hodling btc enthusiasts and maximilists.  Wont be long now, probably  keeping it low key to snap up cheap coins.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 14, 2021, 04:33:45 PM
ETH new ATH of $2,498, basically $2,500.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bevo on April 14, 2021, 04:39:56 PM
Quote from: obsidian on April 14, 2021, 04:33:45 PM
ETH new ATH of $2,498, basically $2,500.

I bought a handful of ETH, a good idea to buy more?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 14, 2021, 04:41:21 PM
Quote from: Mayday on April 14, 2021, 02:07:10 PM
I’d err on the side that something will go wrong.

Extrapolation is a lure that kills you.

We are at double the rate of growth vs 2017 which means it’s possible we won’t have the same linear movement up like in 2017. May-Jun is critical in understanding how the year plays out because we may double peak.

The most ‘sure thing’ is timeframe. While we should peak in Early October according to when the halving took place, history says we will peak in December.


I track the money supply so I’m across the arguments about why it should go higher. just remember expansion might be 20%-30% this year which doesn’t add much dollar wise to the price. The adoption of BTC is what will drive the 95% of price movement this year. I have 3 very realistic models: 320k-518k-900k

320k If we double peak (May-Jun 130k peak - lull - final peak).
518k assuming linear trend using longer consolidation periods vs 2017 which slows growth vs an extrapolation model.
900k extrapolation which will be wrong in the end because these are almost never correct.


Don’t forget ETH will peak after BTC meaning the BTC will be much lower which influences how hard ETH can run by itself.
I agree caution is best. I hodl mostly since I don't want complicated taxes. So up or down does not matter. All I care is that the trend is up. That being said I will play a little with some of my cryptos to try and increase my holdings. And I am still buying ETH every week via mining. Earlier in the year I was getting ETH for $300. Now it is approaching $400-450 because more people are mining and the hash rate has increased. So my ETH payouts are less. But it is still a great deal considering the price of ETH. Where can you buy 1 ETH for $400 or 450?! So I plan to keep mining ETH till it makes more sense to sell the hardware. Computer parts are also hard to get right now so prices are elevated for GPU's PSUs, motherboards hell even mining frames.

There is also the possibility to start mining Raven coin or Ethereum Classic or others once Ethereum mining is over. I am now starting to think there will be a future for even Ethereum Classic. It the hash rate is high enough it will be secure enough so a 51% attack is not so easy to accomplish. And there may be too many applications in the future on decentralized platforms for 5-10 blockchains to handle. We might need hundreds or thousands of blockchains that all interact. We'll see what happens though.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 14, 2021, 04:49:42 PM
Quote from: Bevo on April 14, 2021, 04:39:56 PM
I bought a handful of ETH, a good idea to buy more?
Maybe wait for a dip when there is a sea of red.

I am impressed with your Dogecoin gains. You killed it bro! Make sure you get a bit of Bitcoin with that, some ETH, ADA, BNB, XRP, DOT, VET, LUNA, THETA and perhaps LTC. But I would hold on to some of your Dogecoin. It could very well go to $1 eventually. They are going to start upgrading Dogecoin.

I also like the way it sounds. Give me 50 bucks becomes give me 50 doge. Doge kind of reminds me of the word Dollar, they both start with a D and O. Doge is faster to pronounce. So Elon might be onto something when he says it would be ironic if Doge becomes the world's currency. It could be used for day to day shit and things like Bitcoin and perhaps ETH and a few others just stored indefinitely. ETH has stablecoins that can be used for day to day transactions.

https://finance.yahoo.com/news/dogecoin-gets-wings-developer-upgrades-041545072.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 14, 2021, 06:47:47 PM
Quote from: Humble Narcissist on April 14, 2021, 09:39:05 AM
Real estate, foreign currency, gold, silver, commodities and stocks.  Literally everything.  Don't get sucked into this Ponzi scheme Pellius.  You are old enough to remember multi level marketing schemes, right?

Welcome back to the chat Mr Anabolic. The original Mr Anabolic may have retired in shame, but the new one is still active here it seems. :)

Yes, its correct that real estate, foreign currency, gold, silver, commodities and stocks are all defenses against dollar devaluation. As is Bitcoin, sneakers, art, postage stamps, etc.

However, of all these various options, Bitcoin has some very specific and unique advantages and features compared to all of these other assets.

And so we, as investors and capital allocators, need to figure out which of these assets are the best (and in which combination and portfolio mix to hold). Now, with regard to that particular calculation of allocation to asset classes, one would need to be both very foolish, ignorant, pig-headed, stubborn, arrogant, closed-minded and obstinate not to allocate any proportion of one's wealth to Bitcoin. In my view a sensible allocation would be in the range of 1-10% of net worth, depending on circumstances and risk profile.



 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on April 15, 2021, 02:03:03 AM
Quote from: Humble Narcissist on April 14, 2021, 09:39:05 AM
Real estate, foreign currency, gold, silver, commodities and stocks.  Literally everything.  Don't get sucked into this Ponzi scheme Pellius.  You are old enough to remember multi level marketing schemes, right?

Yes, real estate beats everything but not everybody has the funds to enter that market and I was speaking about stocks. Gold? Really? I'm not saying that BTC is the best investment
but it seems to be beating the vast majority of stocks that are out there.

What have you invested in that has made a lot of money?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 15, 2021, 03:06:43 AM
Quote from: obsidian on April 14, 2021, 04:49:42 PM
Maybe wait for a dip when there is a sea of red.

I am impressed with your Dogecoin gains. You killed it bro! Make sure you get a bit of Bitcoin with that, some ETH, ADA, BNB, XRP, DOT, VET, LUNA, THETA and perhaps LTC. But I would hold on to some of your Dogecoin. It could very well go to $1 eventually. They are going to start upgrading Dogecoin.

I also like the way it sounds. Give me 50 bucks becomes give me 50 doge. Doge kind of reminds me of the word Dollar, they both start with a D and O. Doge is faster to pronounce. So Elon might be onto something when he says it would be ironic if Doge becomes the world's currency. It could be used for day to day shit and things like Bitcoin and perhaps ETH and a few others just stored indefinitely. ETH has stablecoins that can be used for day to day transactions.

https://finance.yahoo.com/news/dogecoin-gets-wings-developer-upgrades-041545072.html

The opportunity for crazy good money will be in 2022 after all this stuff crashes.

We just need to pickup the pieces.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on April 15, 2021, 06:43:12 AM
Anyone here buying COIN stock?

https://www.google.com/finance/quote/COIN:NASDAQ?sa=X&ved=2ahUKEwiyqPXcsIDwAhXYRTABHRwsB8cQ_AUoAXoECAEQAw
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on April 15, 2021, 12:18:02 PM
Quote from: pellius on April 15, 2021, 02:03:03 AM
Yes, real estate beats everything but not everybody has the funds to enter that market and I was speaking about stocks. Gold? Really? I'm not saying that BTC is the best investment
but it seems to be beating the vast majority of stocks that are out there.

What have you invested in that has made a lot of money?
I don't personally think gold is a great investment but I listed it as better than Bitcoin.  I could have also listed food, toilet paper, guns and ammo as better investments.  Almost everything is a better investment.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on April 15, 2021, 12:18:46 PM
Quote from: gib on April 14, 2021, 06:47:47 PM
Welcome back to the chat Mr Anabolic. The original Mr Anabolic may have retired in shame, but the new one is still active here it seems. :)

Yes, its correct that real estate, foreign currency, gold, silver, commodities and stocks are all defenses against dollar devaluation. As is Bitcoin, sneakers, art, postage stamps, etc.

However, of all these various options, Bitcoin has some very specific and unique advantages and features compared to all of these other assets.

And so we, as investors and capital allocators, need to figure out which of these assets are the best (and in which combination and portfolio mix to hold). Now, with regard to that particular calculation of allocation to asset classes, one would need to be both very foolish, ignorant, pig-headed, stubborn, arrogant, closed-minded and obstinate not to allocate any proportion of one's wealth to Bitcoin. In my view a sensible allocation would be in the range of 1-10% of net worth, depending on circumstances and risk profile.
I have been on Getbig for years under one identity.  No gimmicks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 15, 2021, 01:50:30 PM
Alts baby, alts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 15, 2021, 04:21:19 PM
Quote from: loco on April 15, 2021, 06:43:12 AM
Anyone here buying COIN stock?

https://www.google.com/finance/quote/COIN:NASDAQ?sa=X&ved=2ahUKEwiyqPXcsIDwAhXYRTABHRwsB8cQ_AUoAXoECAEQAw
I thought about it and now I am glad I didn't. I will be getting Nvidia stock though. Maybe some Coin once everything settles. But COIN is tied to crypto so you might as well just buy the crypto. I guess COIN is for those people who don't actually buy cryptos.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 15, 2021, 04:27:11 PM
Doge hit 19 cents and ETH $2,557.

Doge to $1? Bevo will have a bigger portfolio than GIB in dollar terms if that happens lol! But I guess if that happens Bitcoin's price will be much higher.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 15, 2021, 05:59:28 PM
Doge @ 22 cents!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bevo on April 15, 2021, 06:54:19 PM
Quote from: obsidian on April 15, 2021, 04:27:11 PM
Doge hit 19 cents and ETH $2,557.

Doge to $1? Bevo will have a bigger portfolio than GIB in dollar terms if that happens lol! But I guess if that happens Bitcoin's price will be much higher.

I haven’t sold any yet, just hit 27 cents ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 15, 2021, 07:08:53 PM
Quote from: Humble Narcissist on April 15, 2021, 12:18:46 PM
I have been on Getbig for years under one identity.  No gimmicks.

Hmm - well maybe it s generational thing then. Your views on Bitcoin are remarkably similar to Mr Anabolic (who as you know was widely debunked here many pages back in the thread).

You guys would probably get on well though. :)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on April 15, 2021, 08:24:02 PM
Quote from: Bevo on April 15, 2021, 06:54:19 PM
I haven’t sold any yet, just hit 27 cents ;D

Damn. Did you break the $1M mark?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bevo on April 15, 2021, 09:24:39 PM
Quote from: El Diablo Blanco on April 15, 2021, 08:24:02 PM
Damn. Did you break the $1M mark?

Yes, it hit as high as 1.4 and now settling around 1.1/1.2

Very tempting but I’ll wait
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on April 16, 2021, 02:59:55 AM
Quote from: Bevo on April 15, 2021, 09:24:39 PM
Yes, it hit as high as 1.4 and now settling around 1.1/1.2

Very tempting but I’ll wait

Sweet deal.  It’s a tough situation. Do you take a buy of profit or just let it run.   Once upon a time I had a portfolio of stock at $8M. Held on too long and ended up with zilch. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 16, 2021, 05:54:55 AM
Zilch? What stocks were you holding?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on April 16, 2021, 05:57:30 AM
bevo, what are your returns on doge?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on April 16, 2021, 07:19:45 AM
Billionaire Puts £175mn London Apartment up For Sale, Will Accept Bitcoin

Billionaire property tycoon Nick Candy is selling his two-story penthouse overlooking Hyde Park for a cool £175mn (US$240mn). The kicker is, he’s open to accepting Bitcoin.

Despite BTC cracking $64k this week to post a new all-time high, debate on cryptocurrencies’ legitimacy continues to rage. However, Candy’s willingness to take Bitcoin is evidence that opinion is changing, even if it’s at a snail’s pace.

Candy is a former advertising executive who, in the mid-90s, decided to renovated flats in his spare time. By 1999, business was booming, so he decided to quit his day job and go into property full time.

A partnership, under the name Candy and Candy, was formed with his brother, Christian. From there, the pair changed their focus to buying up buildings and carrying out high-end renovations.

Nick took sole ownership of the company in 2018. It was about this time that he began diversifying his interests outside of property. His private investment fund, Candy Ventures, has funded a wide range of startups, including a metal exploration company and a biotech health firm. But a consistent theme throughout the portfolio of companies is technology.

Candy did not go into detail on accepting Bitcoin and Ethereum for his swanky Hyde Park penthouse, only that cryptocurrencies present a “big opportunity.”

But Candy’s nod of approval echoes a wider concern, particularly as the panic situation has emphasized the importance of hedge assets.

https://www.newsbtc.com/news/bitcoin/billionaire-puts-175mn-london-apartment-up-for-sale-will-accept-bitcoin/amp/?__twitter_impression=true
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on April 16, 2021, 07:39:53 AM
Quote from: FitnessFrenzy on April 16, 2021, 05:57:30 AM
bevo, what are your returns on doge?

He’s got to be at like $4-5M now. Crazy shit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on April 16, 2021, 09:20:08 AM
Quote from: El Diablo Blanco on April 16, 2021, 07:39:53 AM
He’s got to be at like $4-5M now. Crazy shit.

He is hovering around 1.6m
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on April 16, 2021, 10:09:08 AM
Congrats, Bevo, on being a Getbig millionaire  8)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on April 16, 2021, 12:33:23 PM
Quote from: gib on April 15, 2021, 07:08:53 PM
Hmm - well maybe it s generational thing then. Your views on Bitcoin are remarkably similar to Mr Anabolic (who as you know was widely debunked here many pages back in the thread).

You guys would probably get on well though. :)
It probably is a generational thing.  We Gen X'ers know a Ponzi Scheme when we see one.


Market Cap is a Trillion now. If there is 10 billion worth of real, commercial trade in BTC, it'll be a lot. This means that 1 BTC circulates..........ever y hundred years. That's insane, that has nothing to do with 'money'.
                                                                                                                                   Anthony Migchels
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on April 16, 2021, 01:34:35 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bevo on April 16, 2021, 01:49:46 PM
Quote from: FitnessFrenzy on April 16, 2021, 10:09:08 AM
Congrats, Bevo, on being a Getbig millionaire  8)

Average getbiggers make millions in a day  ;D

At its peak around 2 mil

As of now around 1.5/1.6
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 16, 2021, 01:52:30 PM
Quote from: Humble Narcissist on April 16, 2021, 12:33:23 PM
It probably is a generational thing.  We Gen X'ers know a Ponzi Scheme when we see one.


Market Cap is a Trillion now. If there is 10 billion worth of real, commercial trade in BTC, it'll be a lot. This means that 1 BTC circulates..........ever y hundred years. That's insane, that has nothing to do with 'money'.
                                                                                                                                   Anthony Migchels

It's clearly a Ponzi scheme, but what's "real" these days. Stock markets? House prices? Currency valuations? Everything is propped up one way or another and right now bitcoin isn't that different.

It's just another card in the house of cards.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on April 16, 2021, 01:59:10 PM
Quote from: Flexacon on April 16, 2021, 01:52:30 PM
It's clearly a Ponzi scheme, but what's "real" these days. Stock markets? House prices? Currency valuations? Everything is propped up one way or another and right now bitcoin isn't that different.

It's just another card in the house of cards.
True, that's why I said to get out now or at least sell most of it to make money while you can. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on April 16, 2021, 02:46:45 PM
Quote from: Humble Narcissist on April 16, 2021, 01:59:10 PM
True, that's why I said to get out now or at least sell most of it to make money while you can.

Get out of which investments, and get into which investment?

Stay in cash?  You risk getting slaughtered by inflation.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on April 16, 2021, 02:48:42 PM
Quote from: loco on April 16, 2021, 02:46:45 PM
Get out of which investments, and get into which investment?

Stay in cash?  You risk getting slaughtered by inflation.
Inflation of 3%, 5%, or even 10% is better than 100%.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on April 16, 2021, 03:23:47 PM
Quote from: Humble Narcissist on April 16, 2021, 02:48:42 PM
Inflation of 3%, 5%, or even 10% is better than 100%.

Agreed.  How does that answer my question?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 16, 2021, 03:36:11 PM
Vechain just blew its load. Will head higher. Easy money
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 16, 2021, 04:49:55 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 16, 2021, 04:59:54 PM
Quote from: obsidian on April 16, 2021, 04:49:55 PM


This will end just like gamestop.  Will short this into the ground one of these days
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on April 16, 2021, 05:10:15 PM
Quote from: loco on April 16, 2021, 02:46:45 PM
Stay in cash?  You risk getting slaughtered by inflation.

that is not only a risk, it is guaranteed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 16, 2021, 05:50:57 PM
Quote from: Humble Narcissist on April 16, 2021, 12:33:23 PM
It probably is a generational thing.  We Gen X'ers know a Ponzi Scheme when we see one.


Market Cap is a Trillion now. If there is 10 billion worth of real, commercial trade in BTC, it'll be a lot. This means that 1 BTC circulates..........ever y hundred years. That's insane, that has nothing to do with 'money'.
                                                                                                                                   Anthony Migchels

Dude you clearly don't even know the definition of a Ponzi scheme.

Bitcoin has had an entirely public and decentralized ledger since is inception. You can view the entire ledger any time!

Every single coin had to be mined, from the genesis block onwards (and that includes for Satoshi himself).

The amount that can be printed and the algorithm governing this, is public and open source.

So, its absolutely IDIOTIC to call Bitcoin a Ponzi scheme.

Now, compare to the above criteria to the USD... Centralized, no public ledger (in fact no-one knows for sure how much USD haS been created), dollars can be created ("printed") at will, and of course those who run the system and are closest to the top keep huge amounts of created money for themselves and their friends. (In effect stealing from a sucker like you by stealth).

BITCOIN IS OUR DEFENSE AGAINST THE PONZI SCHEME WHICH IS WHY KEEPS GOING UP WHEN MEASURES IN PONZI USD FIAT CURRENCY.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 16, 2021, 07:02:01 PM
This is bullish for ETH!

https://www.investing.com/news/cryptocurrency-news/eth-bonanza-as-three-north-american-ethereum-etfs-approved-in-one-day-2477172

While gaining exposure might still be difficult south of the US-Canada border, Canadian investors will shortly have a host of options to choose from to gain exposure to Ethereum (ETH) via an ETF as regulators have approved three different Ethereum ETFs in a single day.

Purpose Investments, Evolve ETFs, and CI Global Asset Management were all approved by Canadian regulators to launch Ethereum-backed ETFs today. The ETFs will be the first ETH ETFs in North America, and among the first in the world.

Some observers noted that all three being approved at once may have been part an effort not to give Purpose an “unfair advantage”. Purpose appeared to gain an edge after the launch of the wildly popular Purpose Investments ETF, the first North American Bitcoin ETF which quickly swelled to $1.3 billion in AUM while competitors waited for approval. Rival Evolve Fund Group’s Bitcoin ETF only managed to attract $100 million in AUM, despite launching only two days later than Purpose and offering 25% less management fees.

In a Tweet, a reporter for Bloomberg said that the CL Galaxy and the Purpose ETF funds will begin trading on 4/20 — a date he thought would please Elon Musk, given it’s marajuana culture connection. Likewise, Evolve’s ETH ETF — which they first filed for in March — will begin trading on the same day.

The Canadian stock market has already demonstrated a significant appetite for exposure to crypto assets. Previous exchange-traded Ethereum products led to market halts on the first day of listing, and Purpose’s Bitcoin ETF cracked $100 million in its first day of trading.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 16, 2021, 07:06:40 PM
Quote from: Bindare_Dundat on April 16, 2021, 04:59:54 PM
This will end just like gamestop.  Will short this into the ground one of these days
Gamestop started the year below $20 and is currently $154.69. Not doing so bad in the grand scheme of things.

i don't think Doge will burn completely like the US dollar - there are too many celebrities backing it and it has many people that believe in it. It could potentially hit $1 this year. It was 44 cents earlier today. It will go down again sure but overall I think the movement will be up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 16, 2021, 07:12:54 PM
Quote from: obsidian on April 16, 2021, 07:06:40 PM
Gamestop started the year below $20 and is currently $154.69. Not doing so bad in the grand scheme of things.

i don't think Doge will burn completely like the US dollar - there are too many celebrities backing it and it has many people that believe in it. It could potentially hit $1 this year. It was 44 cents earlier today. It will go down again sure but overall I think the movement will be up.

Then buy some at 44 cents. Its got a lot of celebrities backing it. ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 16, 2021, 08:00:09 PM
Cardano Leader Calls Dogecoin Bubble Dangerous

Charles Hoskinson says Dogecoin prices could collapse, causing regulatory fallout for the crypto industry.


Cardano leader Charles Hoskinson has warned that Dogecoin's recent market rally could have a negative outcome.
He suggests that the Dogecoin bubble could attract attention from lawmakers and regulators if and when it bursts.
Hoskinson even promoted Cardano competitors such as Ethereum 2.0 and Algorand as strong alternatives to Dogecoin.

Hoskinson Says Prices Are Unsustainable
Continuing on from its recent price performance, Dogecoin has seen a 124% price gain over the past 24 hours. That prompted Charles Hoskinson to comment on the coin’s success.

“DOGE has always been for our industry kind of a an inside joke, a pet rock, a fun mocking cryptocurrency, and a light-hearted thing,” Hoskinson stated in a YouTube video.

He noted that Dogecoin’s price rally has largely been driven by Elon Musk’s promotion of the coin on Twitter. He added that the coin’s growth has also been driven by “market manipulation by clever whales,” possibly referring to /r/WallStreetBets, a Reddit community that has organized various investment campaigns.

Hoskinson argued that Dogecoin’s growth is not sustainable. He noted that Dogecoin does not have a stable development team, that the coin’s code is largely based on Bitcoin, and that the coin is not well-equipped to deal with security issues if one should arise.

Cardano leader Charles Hoskinson has warned that Dogecoin's recent market rally could have a negative outcome.
He suggests that the Dogecoin bubble could attract attention from lawmakers and regulators if and when it bursts.

Charles Hoskinson, creator of Cardano and CEO of IOHK, has criticized Dogecoin’s rapidly rising market value.

Hoskinson Says Prices Are Unsustainable
Continuing on from its recent price performance, Dogecoin has seen a 124% price gain over the past 24 hours. That prompted Charles Hoskinson to comment on the coin’s success.


He noted that Dogecoin’s price rally has largely been driven by Elon Musk’s promotion of the coin on Twitter. He added that the coin’s growth has also been driven by “market manipulation by clever whales,” possibly referring to /r/WallStreetBets, a Reddit community that has organized various investment campaigns.

Hoskinson argued that Dogecoin’s growth is not sustainable. He noted that Dogecoin does not have a stable development team, that the coin’s code is largely based on Bitcoin, and that the coin is not well-equipped to deal with security issues if one should arise.

Hoskinson even encouraged investors to sell their DOGE. “If you’ve made money, great, but get the hell out of it! It’s a bubble, it’s not real, there’s nothing sustainable there,” he stated.

Regulatory Fallout Is Possible
Furthermore, Hoskinson suggested that the Dogecoin bubble could mean long-term fallout for the crypto industry.

He believes that once the Dogecoin bubble bursts, there will be regulatory inquiries from bodies such as the SEC and U.S. Congress. “There will be all kinds of regulators running around saying this is proof that crypto can’t control itself,” Hoskinson speculated.

Hoskinson suggested that if this trend continues, the cryptocurrency industry will be regulated to the degree that blockchain projects will be required to get approvals similar to bank charters. Hoskinson explained: “It will be an invitation-only club controlled from the top down, and any freedom that we have managed to pull back from the legacy financial system will be lost.”

He added that, even before the bubble bursts, overly high market values could attract lawmakers and international regulators.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on April 17, 2021, 03:35:43 AM
Quote from: Bevo on April 16, 2021, 01:49:46 PM
Average getbiggers make millions in a day  ;D

At its peak around 2 mil

As of now around 1.5/1.6

what is the price you purchased it for?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on April 17, 2021, 10:18:34 AM
Quote from: loco on April 16, 2021, 03:23:47 PM
Agreed.  How does that answer my question?
Bitcoin is worthless so any amount of inflation makes fiat currency still worth more.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 17, 2021, 10:23:58 AM
Dogcoin is gonna take a giant shit over everyone, hope you sold at the peak.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on April 17, 2021, 01:58:03 PM
Quote from: loco on April 16, 2021, 03:23:47 PM
Agreed.  How does that answer my question?

As far as I can tell he believes that 1 bitcoin is worth 0 dollars instead of 61 thousand dollars.

I guess the price listed is not the same as what he believes to be true.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on April 17, 2021, 02:14:28 PM
Quote from: polychronopolous on April 17, 2021, 01:58:03 PM
As far as I can tell he believes that 1 bitcoin is worth 0 dollars instead of 61 thousand dollars.

I guess the price listed is not the same as what he believes to be true.
When you guys start withdrawing money like that let me know.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on April 17, 2021, 02:35:55 PM
Quote from: Humble Narcissist on April 17, 2021, 02:14:28 PM
When you guys start withdrawing money like that let me know.

I know we are both using the English language and I HAVE seen those words put together in that order before yet I still haven't the slightest idea what you are trying to say.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on April 17, 2021, 03:23:16 PM
Quote from: Humble Narcissist on April 17, 2021, 10:18:34 AM
Bitcoin is worthless so any amount of inflation makes fiat currency still worth more.

I don't really consider myself a BTC investor but I keep an amount in there and just skim off the top. I just bought a brand new set of tires from just my BTC profits.

There are many legit reasons to shy away from BTC as an investment but every reason you have given is just demonstrably false and you continue to lose credibility. I wonder if you even followed the spot-on explanation of why BTC can't possibly be a Ponzi scene. Your lack of any coherent rebuttal other than just to say BTC is worthless, another completely absurd and provably wrong claim as goods and services are routinely traded for BTC, is another example.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 17, 2021, 03:31:26 PM
Quote from: Humble Narcissist on April 16, 2021, 02:48:42 PM
Inflation of 3%, 5%, or even 10% is better than 100%.

Ok now you have me worried you are about to utterly wreck yourself in the coming years (even outside of crypto) by saying to exit everything and go to cash.

I have a lot of posts here on the money supply. I’ll give you foot notes because you need to understand this to protect yourself.

Consumer interest rates are driven by bond rates.

Govt debt levels and amounts of new debt are causing upward pressure on bond rates. To keep rates under control govts will purchase a portion their own bonds inline with a target interest rates.

We saw M2 increase 25% last year and this year will be larger and each year larger after that due to the huge QE program and Covid assistance packages. This is the largest on record. The result of this is in the bond market more and more buyers of bonds will ask for higher interest rates above what the US Govt is targeting therefore causing the Us Govt to purchase a greater and greater portion of their own bonds to keep rates low.

This is how monetisation begins because you can’t destroy debt you owe to yourself because it ends up evaporating from the money supply (there is no free lunch). You must pay yourself and this is going to see the money supply rip upwards at a rate of knots but it will flow into the system from the top.

In this environment we see pretty much no cost of debt for the rich and trillions being pumped into their pockets. Stocks go up. Commodities go up. Property goes up. Collectables go up. That money fed to the top stays at the top and goes only into scarce items (financial assets)  that the wealthy deem as most valuable.

Meanwhile for us plebs we get utterly wrecked in the wage inflation front because the CPI will show very little inflations vs what is going on and CPI is the core metric used for wage increases. We get wage deflation and higher unemployment because nobody will perform a job and be on struggle street when you can have no job and be better off from govt welfare. As businesses get upward cost pressure, margins get squeezed, prices eventually have to go up, volume drops, profit goes down, people are made redundant as the business has to right size to the new market. That is how the unemployment will rise.

To not own an asset of some kind will see you absolutely wrecked from currency devaluation. BTC market cap peak this year will be ballpark 5T.....from 0.125T March 2020 when the globe shut down. We are now in an environment where BTC is performing exactly how it is designed to perform. It reflects what these fuckers are doing with the money supply.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 17, 2021, 08:32:54 PM
Big dump across the board tonight.

Edit. Wow!!! That was nuts  8000 dollars dump in minutes
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 17, 2021, 09:56:22 PM
Quote from: Bindare_Dundat on April 17, 2021, 08:32:54 PM
Big dump across the board tonight.

Edit. Wow!!! That was nuts  8000 dollars dump in minutes

Price floor 48.7k last week and dumped to 51.2k. Shows that floor level holds strong.

Coins all last week were still being pulled from exchanges, price floor goes up, pressure increases on spot price.

Apparently the sell off was due to coin base C-level team announcing a dump of all their shares..... yeah, to buy Bitcoin which would outperform the shares lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on April 18, 2021, 01:01:16 AM
$ 57,707.96
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 18, 2021, 01:32:05 AM
1.7B in liquidations. Got to be a record for crypto?

One trader got their 68M long position liquidated. Heinous. Savage. Wreckt.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on April 18, 2021, 01:58:44 AM
Quote from: Mayday on April 18, 2021, 01:32:05 AM
One trader got their 68M long position liquidated. Heinous. Savage. Wreckt.

maybe Goodrum is taking some profit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 18, 2021, 02:27:58 AM
I went hard on a highly leverged long after watching the dump in real time and made out with a nice chunk of change.  ;D

That was a crazy time. Never seen it drop like that. Lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 18, 2021, 02:51:29 AM
Quote from: Mayday on April 17, 2021, 09:56:22 PM
Price floor 48.7k last week and dumped to 51.2k. Shows that floor level holds strong.

Coins all last week were still being pulled from exchanges, price floor goes up, pressure increases on spot price.

Apparently the sell off was due to coin base C-level team announcing a dump of all their shares..... yeah, to buy Bitcoin which would outperform the shares lol.

Treasury is going after institutions for money laundering via crypto. China/btc hashrate drop. US government will try and protect dollar at all costs + usual weekend dump. All add up to a large shit sandwich.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 18, 2021, 03:36:19 AM
.
Quote from: Bindare_Dundat on April 18, 2021, 02:51:29 AM
Treasury is going after exchanges for money laundering. China/btc hashrate drop. US government will try and protect dollar at all costs + usual weekend dump. All add up to a large shit sandwich.

I swear it’s going to be an American economic warefare tool created to ensure America wins on the outcome of the debt shitfest.

The world knew we were all debt fucked So you create a stable asset which is a threat to everything and allow it to exist in your own country, encourage it to grow and by fluke of a chance your largest country threat bans it.......

....meanwhile you debase the fuck out of your broken ass currency and export inflation to your largest threat which happens to magically be fucking them aswell........

Wow, what a fluke LOL!




Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 18, 2021, 03:55:25 AM
Quote from: Bindare_Dundat on April 18, 2021, 02:27:58 AM
I went hard on a highly leverged long after watching the dump in real time and made out with a nice chunk of change.  ;D

That was a crazy time. Never seen it drop like that. Lol
More details in plain Engrish please?!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 18, 2021, 03:57:55 AM
Quote from: Bindare_Dundat on April 16, 2021, 07:12:54 PM
Then buy some at 44 cents. Its got a lot of celebrities backing it. ;D
Funny that Dogecoin is not dropping as hard as some of the other cryptos right now.

I do notice completely different prices though on coinranking.com vs coinmarketcap.com. What's the deal with that?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 18, 2021, 03:59:23 AM
Quote from: obsidian on April 18, 2021, 03:55:25 AM
More details in plan Engrish please?!

He gambled on a quick bounce and had a nice win
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 18, 2021, 04:04:25 AM
Quote from: Flexacon on April 18, 2021, 03:59:23 AM
He gambled on a quick bounce and had a nice win

  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 18, 2021, 04:05:54 AM
Quote from: obsidian on April 18, 2021, 03:57:55 AM
Funny that Dogecoin is not dropping as hard as some of the other cryptos right now.

I do notice completely different prices though on coinranking.com vs coinmarketcap.com. What's the deal with that?

All my shitcoins are doing better than the top dogs. Lol retarded.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 18, 2021, 04:08:39 AM
Quote from: obsidian on April 18, 2021, 03:57:55 AM
Funny that Dogecoin is not dropping as hard as some of the other cryptos right now.

I do notice completely different prices though on coinranking.com vs coinmarketcap.com. What's the deal with that?

In an asset class where Elon posts a picture of a dog and a coin goes 100% I somehow don’t think they’ll approve the ETFs.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on April 18, 2021, 04:10:16 AM
Rumor has it that the U.S. Treasury is planning to charge several financial institutions for money laundering using cryptocurrencies. If this rumor holds true, it would explain the sudden crypto crash experienced by many of the top 10 Cryptocurrencies.

Truthfully looks like a great opportunity to not become overly emotional and instead capitalize by buying on the dip.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 18, 2021, 04:11:19 AM
Quote from: OneMoreRep on April 18, 2021, 04:10:16 AM
Rumor has it that the U.S. Treasury is planning to charge several financial institutions for money laundering using cryptocurrencies. If this rumor holds true, it would explain the sudden crypto crash experienced by many of the top 10 Cryptocurrencies.

Truthfully looks like a great opportunity to not become overly emotional and instead capitalize by buying on the dip.

"1"

Exactly .

This news is bullshit.

Its like saying cops are planning to arrest those that do crime. Ok. And?


Volume dropping and BTC is kinda going sideways.

 Most likely continue this way till Monday when some institutions will suck everything back up.
This will be the last run in this bullmarket. I'll be taking profits on the way up this time in the final parabolic run till.next cycle.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 18, 2021, 04:25:53 AM
Quote from: Flexacon on April 18, 2021, 03:59:23 AM
He gambled on a quick bounce and had a nice win
Lol that's less detail. Looking at the charts it dropped more than it went up. So how could anyone do well going long when the up movements were not as much. Also leveraged trading is dangerous - often times you are going to get rekked! So I need more details. What platform was used? How much are we talking here? I need autistic level details "been there done that"!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 18, 2021, 04:28:52 AM
Quote from: OneMoreRep on April 18, 2021, 04:10:16 AM
Rumor has it that the U.S. Treasury is planning to charge several financial institutions for money laundering using cryptocurrencies. If this rumor holds true, it would explain the sudden crypto crash experienced by many of the top 10 Cryptocurrencies.

Truthfully looks like a great opportunity to not become overly emotional and instead capitalize by buying on the dip.

"1"
There was a significant Bitcoin hash rate drop after China experienced some planned power outages. This is one of the things that worries me about the heavy concentration of Bitcoin mining in China. If China one day decided to raid or shutdown all the BTC mining operations it would have a significant impact on the price of BTC.

https://www.nasdaq.com/articles/bitcoin-mining-hash-rate-drops-as-blackouts-instituted-in-china-2021-04-16
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 18, 2021, 04:32:47 AM
Quote from: Mayday on April 18, 2021, 04:08:39 AM
In an asset class where Elon posts a picture of a dog and a coin goes 100% I somehow don’t think they’ll approve the ETFs.
Dogecoin is up more than any other crypto the past year including Theta and Terra. Looks like it did not need those ETFs. All it needed was a cute dog, catchy name and voila! Celebs and kids go crazy over it. These kids will be adults one day and that is what they will know and want. Elon's youngest kid is a toddler hodler lol! The only thing I regret is not selling Doge when it hit 44 cents only to buy back in at 30 cents. This was a lost opportunity to gain more Doge.

(https://rlv.zcache.com/toddler_hodler_dogecoin_crypto_cute_baby_shiba_inu_faux_canvas_print-r31086d4c1bce4a179229c10775469812_6y4tx_307.jpg?rlvnet=1)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 18, 2021, 04:35:00 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 18, 2021, 04:38:09 AM
lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 18, 2021, 04:41:32 AM
Quote from: obsidian on April 18, 2021, 04:25:53 AM
Lol that's less detail. Looking at the charts it dropped more than it went up. So how could anyone do well going long when the up movements were not as much. Also leveraged trading is dangerous - often times you are going to get rekked! So I need more details. What platform was used? How much are we talking here? I need autistic level details "been there done that"!

He said it pretty clearly.  I have the charts open all day since I have nothing else to do during lockdown and I have alerts when the market drops a certain %. I saw things crashing in real time and said to myself, if this stays around 50k like the last dump,  I'll take a chance and call it A bottom. I took my funds out of usdt on bybit and went long with 25x leverage. I rode it to just around 55.4k and got out. I entered at just above 53k

I went back in with much less leverage again, this time 11.5x and rode the run up to the 56 area top and got out again by sheer luck admittedly.  Just felt like I was pushing my luck too much and had my finger hovering over the mouse to exit at the first sign of a red candle on the 5min

Sometimes a trade just works out with the timing/luck.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 18, 2021, 04:42:06 AM
Quote from: obsidian on April 18, 2021, 04:38:09 AM
lol

What an idiot.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on April 18, 2021, 04:57:04 AM
Quote from: OneMoreRep on April 18, 2021, 04:10:16 AM
Rumor has it that the U.S. Treasury is planning to charge several financial institutions for money laundering using cryptocurrencies. If this rumor holds true, it would explain the sudden crypto crash experienced by many of the top 10 Cryptocurrencies.

Truthfully looks like a great opportunity to not become overly emotional and instead capitalize by buying on the dip.

"1"

The Bitcoin Hash Rate is down 40% today, as a result of the Xinjiang blackout.  Almost half network went down. Price and hash rate have always been correlated. Same instance in November 2017.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 18, 2021, 05:01:22 AM
Quote from: Bindare_Dundat on April 18, 2021, 04:41:32 AM
He said it pretty clearly.  I have the charts open all day since I have nothing else to do during lockdown and I have alerts when the market drops a certain %. I saw things crashing in real time and said to myself, if this stays around 50k like the last dump,  I'll take a chance and call it A bottom. I took my funds out of usdt on bybit and went long with 25x leverage. I rode it to just around 55.4k and got out. I entered at just above 53k

I went back in with much less leverage again, this time 11.5x and rode the run up to the 56 area top and got out again by sheer luck admittedly.  Just felt like I was pushing my luck too much and had my finger hovering over the mouse to exit at the first sign of a red candle on the 5min

Sometimes a trade just works out with the timing/luck.
If you lost that bet would you have had to pony up 25x what you bet? For example let's say you put down 0.1 BTC on your 25x leverage trade and the Price of BTC went down to say 45K would you owe 2.5 BTC?

Also what's to prevent someone from doing leveraged long and short trades on separate platforms simultaneously? I guess the win will cancel out the loss and you don't make anything off it other than paying fees?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 18, 2021, 05:03:53 AM
Quote from: Theoak* on April 18, 2021, 04:57:04 AM
The Bitcoin Hash Rate is down 40% today, as a result of the Xinjiang blackout.  Almost half network went down. Price and hash rate have always been correlated. Same instance in November 2017.
If this happened to Ethereum it would be great for my mining farm so long as I don't also lose the power. The lower the overall hash rate the bigger my ETH payouts would be. As it is it's been going down steadily as the hash rate has increased.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 18, 2021, 05:07:16 AM
Quote from: Bindare_Dundat on April 18, 2021, 04:42:06 AM
What an idiot.
But that's a fact. Someone that put down $10,000 - $20,000 on Doge a year ago has over $1 million now. Bevo for example.

Doge is also one of the oldest cryptocurrencies around and was released in late 2013. It is still here.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 18, 2021, 05:21:17 AM
Quote from: obsidian on April 18, 2021, 05:01:22 AM
If you lost that bet would you have had to pony up 25x what you bet? For example let's say you put down 0.1 BTC on your 25x leverage trade and the Price of BTC went down to say 45K would you owe 2.5 BTC?

Also what's to prevent someone from doing leveraged long and short trades on separate platforms simultaneously? I guess the win will cancel out the loss and you don't make anything off it other than paying fees?

My funds would  be liquidated without a stop loss. Losses and gains are amplified with leverage but I never have to pay more than  what I put in. However the possibility of losing it all becomes greater as the higher the leverage the closer the liquidation target is to my entry position. In a volatile market some crazy wicks can end it all pretty quick and 'poof' the money is gone.

You can have 2 separate accounts and  go long on one and short on the other in case things reverse during your trade. One would be a lower leveraged short and the other a higher leveraged long. The short would absorb some losses you're incurring if the market reverses on your long position.

Just depends whats going on at the moment. I hope that helps. I know my explanation is kinda shhitty cause I hate typing and am still awake and a zombie right now. Haven't really slept lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 18, 2021, 06:27:46 AM
Quote from: obsidian on April 18, 2021, 05:07:16 AM
But that's a fact. Someone that put down $10,000 - $20,000 on Doge a year ago has over $1 million now. Bevo for example.

Doge is also one of the oldest cryptocurrencies around and was released in late 2013. It is still here.

I understand the gains but I just hate the coin cause it has nothing going for it fundamentally. I think its poison for crypto and makes the space look clownish. Itll end up hurting the space more than helping.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on April 18, 2021, 09:19:14 AM
Wonder if Musk will let me buy a Tesla with Doge 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 18, 2021, 04:05:51 PM
65k was the peak of the bull market.

Alt pump is the final move and then bear market for a while.

Who is selling?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on April 18, 2021, 05:08:05 PM
Looks like a lot of late to the dance Bitcoin buyers are gonna wake up with a sore asshole tomorrow:


Bitcoin suffers flash crash following week of crypto hype - CNN

https://www.cnn.com/2021/04/18/business/bitcoin-sharp-fall/index.html



Quote from: Mayday on April 18, 2021, 04:05:51 PM
65k was the peak of the bull market.

Alt pump is the final move and then bear market for a while.

Who is selling?

This is a classic scenario where people get burned. They buy at the top. The price goes down. They average down. And the price continues to go down.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 18, 2021, 05:50:56 PM
Quote from: Mayday on April 18, 2021, 04:05:51 PM
65k was the peak of the bull market.

Alt pump is the final move and then bear market for a while.

Who is selling?

We haven't even hit the parabolic stage yet. Its coming. Then it'll be time to get the hell out. DURING that climb.

ChainLINK killing it outta the dump.
VET(vechain) which i mentioned a short while back has more than doubled and is already back near ATH. Great buy opportunity still imo. Will double from here again I believe.
SXP climbing back into the buyzone.
CHZ also a good buy right now.
THETA also in the buy zone.
WiNK has been in the accumulating phase for some time. It should be exploding soon hopefully.


If BTC can get passed 58.6k without spending much time in that area we will have the last run of this cycle. . If we don't hit that target this week or we have another dump , this may run outta steam and the bears will dominate.

Let's see.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 18, 2021, 06:30:50 PM
Quote from: Thin Lizzy on April 18, 2021, 05:08:05 PM
Looks like a lot of late to the dance Bitcoin buyers are gonna wake up with a sore asshole tomorrow:


Bitcoin suffers flash crash following week of crypto hype - CNN

https://www.cnn.com/2021/04/18/business/bitcoin-sharp-fall/index.html



This is a classic scenario where people get burned. They buy at the top. The price goes down. They average down. And the price continues to go down.

All they need to do is avoid selling and they will be fine.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on April 18, 2021, 06:57:23 PM
Quote from: Bindare_Dundat on April 18, 2021, 05:50:56 PM
We haven't even hit the parabolic stage yet. Its coming. Then it'll be time to get the hell out. DURING that climb.

ChainLINK killing it outta the dump.
VET(vechain) which i mentioned a short while back is already near ath. Great buy opportunity still imo. Will double from here i believe.
SXP climbing back into the buyzone.
CHZ also a good buy right now.
THETA also in the buy zone.


If BTC can get passed 58.6k without spending much time in that area we will have the last run. Thats the one I think will be the end. If we don't hit that target this week or we have another dump , this may run outta steam and the bears will dominate.

Let's see.

I think Mayday is trolling us with that post.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 18, 2021, 07:01:42 PM
Quote from: Theoak* on April 18, 2021, 06:57:23 PM
I think Mayday is trolling us with that post.

Yeah, I got that feeling. Just saying for those that think this is the end.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on April 18, 2021, 07:06:26 PM
Quote from: Mayday on April 17, 2021, 09:56:22 PM
Price floor 48.7k last week and dumped to 51.2k. Shows that floor level holds strong.

Coins all last week were still being pulled from exchanges, price floor goes up, pressure increases on spot price.

Apparently the sell off was due to coin base C-level team announcing a dump of all their shares..... yeah, to buy Bitcoin which would outperform the shares lol.

Quote from: Theoak* on April 14, 2021, 04:05:20 PM
Coinbase just released 10s billions of dirty fiat into longtime hodling btc enthusiasts and maximilists.  Wont be long now, probably  keeping it low key to snap up cheap coins.

Mentioned this a few days ago.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 18, 2021, 09:25:09 PM
Quote from: Bindare_Dundat on April 18, 2021, 06:27:46 AM
I understand the gains but I just hate the coin cause it has nothing going for it fundamentally. I think its poison for crypto and makes the space look clownish. Itll end up hurting the space more than helping.

Agree.

There will be an eventual shakeout and all these joke alts will disappear. Happens every cycle...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 18, 2021, 10:15:52 PM
How does one know this isn’t the top?

Because every bull market in history ended in a strong parabolic move?

In peak 2017 People were overjoyed on social media at the 20% pullback at peak for the amazing buying opportunity posting ‘next stop, the moon’. 

Yesterday people were overjoyed on social media at the 20% pullback at peak for the amazing buying opportunity posting ‘you know what comes next’.

1.8B in liquidations in 1hr but everyone is certain it’s going up so fuck it, YOLO in again and we see 9B in total liquidations in 24hrs......

I’m just saying.......  ;)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 18, 2021, 11:27:29 PM
I reckon this was a simply "spread fake news during the weekend" scam. Very easy to do, and not a single regulator working in the weekend to confirm/deny/clarify. Nor a single representative to defend BTC (as its decentralized).

So, someone picked up a huge windfall on a 10%+ panic sell-off. Bravo to the syndicate who pulled this off. And lesson learned (I hope) by those who panic sold...

One very obvious sign of the fake news of "Treasury is suing various exchanges" is that the Treasury does not sue. If anything it would be SEC regulators or perhaps the Commodity Futures Trading Commission.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 19, 2021, 01:42:51 AM
Quote from: Mayday on April 18, 2021, 10:15:52 PM
How does one know this isn’t the top?

Because every bull market in history ended in a strong parabolic move?

In peak 2017 People were overjoyed on social media at the 20% pullback at peak for the amazing buying opportunity posting ‘next stop, the moon’. 

Yesterday people were overjoyed on social media at the 20% pullback at peak for the amazing buying opportunity posting ‘you know what comes next’.

1.8B in liquidations in 1hr but everyone is certain it’s going up so fuck it, YOLO in again and we see 9B in total liquidations in 24hrs......

I’m just saying.......  ;)

I mentioned what itll take for me to concede that this run is over. The inability to get passed 58.6k in a quick manner or failing to get there at all this week would be a giant red flag. Id be unloading pretty quickly after that. 58.6k area took a while to get passed last time. Might not have enough to get passed that point again.

This drop, although not as large as other in the past came with such speed  I think it freaked alot of people out and they are sitting back and waiting before committing any serious $$$
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 19, 2021, 03:32:52 AM
Doge is back at 42 cents. Some are trying to push it to $1 by April 20th which is tomorrow lol! It certainly has been resilient during this recent crash.

https://markets.businessinsider.com/news/stocks/dogecoin-price-predictions-can-the-dogearmy-take-doge-to-1-by-april-20-1030313320
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on April 19, 2021, 03:36:20 AM
bevo, we need a doge update from you... how much was your initial investment? And what are your returns?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on April 19, 2021, 04:29:21 AM
Bitcoin has a chance to be "The One" but it seems there are dozens of made up cryptos that are flying high.  yet you can't do shit with most of them.  Then this NFT bullshit.  All of those are going to crash eventually and sadly Bitcoin is going to get caught in the mix.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on April 19, 2021, 04:47:56 AM
Quote from: El Diablo Blanco on April 19, 2021, 04:29:21 AM
Bitcoin has a chance to be "The One" but it seems there are dozens of made up cryptos that are flying high.  yet you can't do shit with most of them.  Then this NFT bullshit.  All of those are going to crash eventually and sadly Bitcoin is going to get caught in the mix.

I’ve heard this criticism of Crypto: that there’s scarcity of each one, but there’s no limit to how many can be created, as opposed to gold for which there’s gold and that’s it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 19, 2021, 05:16:13 AM
Quote from: El Diablo Blanco on April 19, 2021, 04:29:21 AM
Bitcoin has a chance to be "The One" but it seems there are dozens of made up cryptos that are flying high.  yet you can't do shit with most of them.  Then this NFT bullshit.  All of those are going to crash eventually and sadly Bitcoin is going to get caught in the mix.

Bitcoin is ‘the one’.

The entire crypto market revolves around BTC.

Each year thousands of cryptos fail and it doesn’t do shit to Bitcoin.

When BTC decides a bull market is over it takes everything down with it.

Although it’s possible Dogecoin could perform the greatest pisstake in history by getting the number one position on a meme coin. Elon will get dragged across the coals for that by US regulators.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 19, 2021, 06:17:51 AM
Quote from: Thin Lizzy on April 19, 2021, 04:47:56 AM
I’ve heard this criticism of Crypto: that there’s scarcity of each one, but there’s no limit to how many can be created, as opposed to gold for which there’s gold and that’s it.

Wrong. There is no limit to the number of physical items that can be used as store of value. Gold is but one of an infinite number of physical things.

There is only one Bitcoin, and there will always only will be (including its derivative forks).

But yes, the number of crypto currencies that can be created infinite. Which is why we will of course collectively gravitate to a single currency (or a small number), just like we did with gold.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 19, 2021, 06:25:42 AM
As you all know I have some very good sources in Asia.

So, you heard this from me first. China will soon "un-ban" Bitcoin.

Watch this space (and remember where you heard it first...)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on April 19, 2021, 06:52:03 AM
Quote from: gib on April 19, 2021, 06:25:42 AM
As you all know I have some very good sources in Asia.

So, you heard this from me first. China will soon "un-ban" Bitcoin.

Watch this space (and remember where you heard it first...)

I'm sure the Chinese gov is buying BTC, unban it, run up the price, sell it and then ban it again.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 19, 2021, 07:14:43 AM
Quote from: El Diablo Blanco on April 19, 2021, 06:52:03 AM
I'm sure the Chinese gov is buying BTC, unban it, run up the price, sell it and then ban it again.

Correct they want to acquire it. Both to give them power and influence globally, as well as to ensure they front run their own population.

I doubt they would ever sell as they think strategically and loooooong term (as in decades and centuries ahead). However, short term attempts to manipulate price with the aim of accumulating on the sly is something I would not put past them at all. They might also use smaller amounts to make secret payments (bribes) etc on strategic matters.

To be clear, some parts of China leadership are very uncivilized and shortsighted, such as the whole "wolf-fighter" approach, which backfired terribly in how the CCP is perceived globally. But on the financial side, they have some very smart and foreign educated people. They understand the power of Bitcoin, and they will seek to acquire it and they have the resources to do so, both financially and through local mining (not to mention that many of their leaders and tycoons are already very eager to personally seek an RMB alternative that cannot be seized).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on April 19, 2021, 08:30:06 AM
Quote from: gib on April 19, 2021, 07:14:43 AM
Correct they want to acquire it. Both to give them power and influence globally, as well as to ensure they front run their own population.

I doubt they would ever sell as they think strategically and loooooong term (as in decades and centuries ahead). However, short term attempts to manipulate price with the aim of accumulating on the sly is something I would not put past them at all. They might also use smaller amounts to make secret payments (bribes) etc on strategic matters.

To be clear, some parts of China leadership are very uncivilized and shortsighted, such as the whole "wolf-fighter" approach, which backfired terribly in how the CCP is perceived globally. But on the financial side, they have some very smart and foreign educated people. They understand the power of Bitcoin, and they will seek to acquire it and they have the resources to do so, both financially and through local mining (not to mention that many of their leaders and tycoons are already very eager to personally seek an RMB alternative that cannot be seized).

The reason it's banned is that the gov can't track who owns it and the wealth.  So they've been buying a lot to have the upperhand and probably figured out a way to track purchases of it so they know who has money and hiding it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on April 19, 2021, 11:03:40 AM
Quote from: Mayday on April 19, 2021, 05:16:13 AM
Bitcoin is ‘the one’.

The entire crypto market revolves around BTC.

Each year thousands of cryptos fail and it doesn’t do shit to Bitcoin.

When BTC decides a bull market is over it takes everything down with it.

Although it’s possible Dogecoin could perform the greatest pisstake in history by getting the number one position on a meme coin. Elon will get dragged across the coals for that by US regulators.

Bitcoin is the king of cryptos! Every crypto revolves around it indeed.

For as brilliant as he is with his ideas for the future, he's an asshole troll. If you consider how many people could lose all their money taking a gamble with DOGE but with no set idea as to its price expiration and impending correction. Not to mention that the potential for this to force the hand of the SEC and US government to truly impose regulations on crypto trading is fucked up on Musk's part.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on April 19, 2021, 11:15:21 AM
Quote from: OneMoreRep on April 19, 2021, 11:03:40 AM
Bitcoin is the king of cryptos! Every crypto revolves around it indeed.

For as brilliant as he is with his ideas for the future, he's an asshole troll. If you consider how many people could lose all their money taking a gamble with DOGE but with no set idea as to its price expiration and impending correction. Not to mention that the potential for this to force the hand of the SEC and US government to truly impose regulations on crypto trading is fucked up on Musk's part.

"1"

Why are people acting like DOGE is not real and BTC is?  It's all the same shit.  People are just categorizing the way they want but in reality they are all Wild West shit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 19, 2021, 12:37:11 PM
Quote from: gib on April 19, 2021, 06:25:42 AM
As you all know I have some very good sources in Asia.

So, you heard this from me first. China will soon "un-ban" Bitcoin.

Watch this space (and remember where you heard it first...)

China has a blackout, 9,000BTC enter exchanges and cause a crash. Over 20k then pulled from exchanges straight after. China announce BTC should be looked into for investment purposes.

My assumption for crashes has remained true since Jan being that each crash is a new market Participant or existing ones expanding their position.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on April 19, 2021, 03:11:37 PM
Quote from: El Diablo Blanco on April 19, 2021, 11:15:21 AM
Why are people acting like DOGE is not real and BTC is?  It's all the same shit.  People are just categorizing the way they want but in reality they are all Wild West shit.

Doge is real. From what I gather, it's been around since 2013.

I guess the implied value of BTC is just so much more than Doge. Additionally, with BTC people look at it as a store of wealth at this point in time, whereas Doge is merely an altcoin. I am a fan of altcoins, I believe the next Bitcoin will come from the many altcoins in existence. I also believe there will be a lot of use for most of these cryptos in the future. What exact use? I am not sure.

Again, mostly unchartered territory for me, but if I had to, I would allocate at least 10% of my portfolio to cryptos.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on April 19, 2021, 03:41:40 PM
Interestingly, reports from FOX business news is that the Biden administration is going to begin figuring out regulation for Cryptocurrencies. I've said it before and I'll say it again, I don't think the US Government will allow for Cryptos to dethrone our FIAT currency that easily.

Ironically, in what seems like a positive twist of fate, the new SEC chief Gary Gensler has a background that included teaching blockchain technology at MIT. In many respects, this seems promising for cryptocurrencies.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 19, 2021, 04:31:03 PM
Quote from: OneMoreRep on April 19, 2021, 03:41:40 PM
Interestingly, reports from FOX business news is that the Biden administration is going to begin figuring out regulation for Cryptocurrencies. I've said it before and I'll say it again, I don't think the US Government will allow for Cryptos to dethrone our FIAT currency that easily.

Ironically, in what seems like a positive twist of fate, the new SEC chief Gary Gensler has a background that included teaching blockchain technology at MIT. In many respects, this seems promising for cryptocurrencies.

"1"

Bank of England is already looking at it's own digital currency https://www.bbc.co.uk/news/business-56799726

The Bank has previously said it is interested in a central bank digital currency (CBDC) because "this is a period of significant change in money and payments".

The Bank also sees having its own digital currency as a way of "avoiding the risks of new forms of private money creation", including crypto-currencies such as Bitcoin.



The new SEC chief Gary Gensler with a background in teaching blockchain technology probably isn't good news for bitcoin if this point from the article is accurate.


Most of the world's central banks are looking into the possibility of creating such a currency, but the only one already in existence is China's digital yuan, which is currently undergoing public testing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on April 19, 2021, 08:03:52 PM
I honestly think the entire economy is heading for doom. Money growing out of nowhere. Millionaires coming out of nowhere.  Housing selling for far more than it’s worth and people with cash on hand to buy it all up. Something is not right and this whole deck of cards is going to tumble.  It will make the Great Depression look like a carnival. I honest think Covid was a world wide test to see how people will act when the entire worlds economy will collapse and the super rich will rebuild all of the wealth in their name.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on April 19, 2021, 08:15:12 PM
Quote from: El Diablo Blanco on April 19, 2021, 08:03:52 PM
I honestly think the entire economy is heading for doom. Money growing out of nowhere. Millionaires coming out of nowhere.  Housing selling for far more than it’s worth and people with cash on hand to buy it all up. Something is not right and this whole deck of cards is going to tumble.  It will make the Great Depression look like a carnival. I honest think Covid was a world wide test to see how people will act when the entire worlds economy will collapse and the super rich will rebuild all of the wealth in their name.

I think you're absolutely right and have said the same on this site for quite some time.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 19, 2021, 08:28:01 PM
Doge Army doing it's thing for now!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 19, 2021, 08:29:49 PM
Quote from: El Diablo Blanco on April 19, 2021, 08:03:52 PM
I honestly think the entire economy is heading for doom. Money growing out of nowhere. Millionaires coming out of nowhere.  Housing selling for far more than it’s worth and people with cash on hand to buy it all up. Something is not right and this whole deck of cards is going to tumble.  It will make the Great Depression look like a carnival. I honest think Covid was a world wide test to see how people will act when the entire worlds economy will collapse and the super rich will rebuild all of the wealth in their name.
Yes I agree with that. It sounds like we are playing monopoly. The shit will hit the fan once gas, food, water and electricity becomes an issue.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 19, 2021, 08:33:10 PM
Quote from: Flexacon on April 19, 2021, 04:31:03 PM
Bank of England is already looking at it's own digital currency https://www.bbc.co.uk/news/business-56799726

The Bank has previously said it is interested in a central bank digital currency (CBDC) because "this is a period of significant change in money and payments".

The Bank also sees having its own digital currency as a way of "avoiding the risks of new forms of private money creation", including crypto-currencies such as Bitcoin.



The new SEC chief Gary Gensler with a background in teaching blockchain technology probably isn't good news for bitcoin if this point from the article is accurate.


Most of the world's central banks are looking into the possibility of creating such a currency, but the only one already in existence is China's digital yuan, which is currently undergoing public testing.

The central bank digital currencies will work outside of the bond market.

All the Covid assistance payments will be done on digital currency, no bond market required just a straight deposit into your bank account and an additional to the money supply.

They will put expiration dates and control what the digital money can be spent on. It allows the central banks micro management of the money supply.

It’s the base of UBI, you can have free money but you won’t be able to buy a lambo with it....../

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 19, 2021, 08:40:59 PM
Quote from: obsidian on April 19, 2021, 08:29:49 PM
Yes I agree with that. It sounds like we are playing monopoly. The shit will hit the fan once gas, food, water and electricity becomes an issue.

https://www.deagel.com/forecast

 In 2014 we published a disclaimer about the forecast. In six years the scenario has changed dramatically. This new disclaimer is meant to single out the situation from 2020 onwards. Talking about the United States and the European Union as separated entities no longer makes sense. Both are the Western block, keep printing money and will share the same fate.

After COVID we can draw two major conclusions:

    The Western world success model has been built over societies with no resilience that can barely withstand any hardship, even a low intensity one. It was assumed but we got the full confirmation beyond any doubt.
    The COVID crisis will be used to extend the life of this dying economic system through the so called Great Reset.

The Great Reset; like the climate change, extinction rebellion, planetary crisis, green revolution, shale oil (…) hoaxes promoted by the system; is another attempt to slow down dramatically the consumption of natural resources and therefore extend the lifetime of the current system. It can be effective for awhile but finally won’t address the bottom-line problem and will only delay the inevitable. The core ruling elites hope to stay in power which is in effect the only thing that really worries them.

The collapse of the Western financial system - and ultimately the Western civilization - has been the major driver in the forecast along with a confluence of crisis with a devastating outcome. As COVID has proven Western societies embracing multiculturalism and extreme liberalism are unable to deal with any real hardship. The Spanish flu one century ago represented the death of 40-50 million people. Today the world’s population is four times greater with air travel in full swing which is by definition a super spreader. The death casualties in today’s World would represent 160 to 200 million in relative terms but more likely 300-400 million taking into consideration the air travel factor that did not exist one century ago. So far, COVID death toll is roughly 1 million people. It is quite likely that the economic crisis due to the lockdowns will cause more deaths than the virus worldwide.

The Soviet system was less able to deliver goodies to the people than the Western one. Nevertheless Soviet society was more compact and resilient under an authoritarian regime. That in mind, the collapse of the Soviet system wiped out 10 percent of the population. The stark reality of diverse and multicultural Western societies is that a collapse will have a toll of 50 to 80 percent depending on several factors but in general terms the most diverse, multicultural, indebted and wealthy (highest standard of living) will suffer the highest toll. The only glue that keeps united such aberrant collage from falling apart is overconsumption with heavy doses of bottomless degeneracy disguised as virtue. Nevertheless the widespread censorship, hate laws and contradictory signals mean that even that glue is not working any more. Not everybody has to die migration can also play a positive role in this.

The formerly known as second and third world nations are an unknown at this point. Their fate will depend upon the decisions they take in the future. Western powers are not going to take over them as they did in the past because these countries won’t be able to control their own cities far less likely countries that are far away. If they remain tied to the former World Order they will go down along Western powers but won’t experience the brutal decline of the late because they are poorer and not diverse enough but rather quite homogenous used to deal with some sort of hardship but not precisely the one that is coming. If they switch to China they can get a chance to stabilize but will depend upon the management of their resources.

We expected this situation to unfold and actually is unfolding right now with the November election triggering a major bomb if Trump is re-elected. If Biden is elected there will very bad consequences as well. There is a lot of bad blood in the Western societies and the protests, demonstrations, rioting and looting are only the first symptoms of what is coming. However a new trend is taking place overshadowing this one.

The situation between the three great powers has changed dramatically. The only relevant achievement of the Western powers during the past decade has been the formation of a strategic alliance, both military and economic, between Russia and China. Right now the potential partnership between Russia and the European Union (EU) is dead with Russia turning definitively towards China. That was from the beginning the most likely outcome. Airbus never tried to establish a real partnership but rather a strategy to fade away the Russian aerospace industry. Actually Russia and China have formed a new alliance to build a long haul airliner. Western Europe (not to mention the United States) was never interested in the development of Russia or forming anything other than a master slave relationship with Russia providing raw materials and toeing the line of the West. It was clear then and today is a fact.

Russia has been preparing for a major war since 2008 and China has been increasing her military capabilities for the last 20 years. Today China is not a second tier power compared with the United States. Both in military and economic terms China is at the same level and in some specific areas are far ahead. In the domain of high-tech 5G has been a success in the commercial realm but the Type 055 destroyer is also another breakthrough with the US gaining a similar capability (DDG 51 Flight IIII) by mid of this decade (more likely by 2030). Nanchang, the lead ship of the Type 055 class, was commissioned amid the pandemic and lockdown in China.

Six years ago the likelihood of a major war was tiny. Since then it has grown steadily and dramatically and today is by far the most likely major event in the 2020s. The ultimate conflict can come from two ways. A conventional conflict involving at least two major powers that escalates into an open nuclear war. A second scenario is possible in the 2025-2030 timeframe. A Russian sneak first strike against the United States and its allies with the new S-500, strategic missile defenses, Yasen-M submarines, INF Zircon and Kalibr missiles and some new space asset playing the key role. The sneak first strike would involve all Russian missile strategic forces branches (bombers and ground-based missiles) at the different stages of such attack that would be strategic translation of what was seen in Syria in November 2015. There was no report that the Russian had such a capability of launching a high precision, multiple, combined arms attack at targets 2,000+ kilometers away. Western intelligence had no clue. The irony is that since the end of the Cold War the United States has been maneuvering through NATO to achieve a position to execute a first strike over Russia and now it seems that the first strike may occur but the country finished would be the United States.

Another particularity of the Western system is that its individuals have been brainwashed to the point that the majority accept their moral high ground and technological edge as a given. This has given the rise of the supremacy of the emotional arguments over the rational ones which are ignored or deprecated. That mindset can play a key role in the upcoming catastrophic events. At least in the Soviet system the silent majority of the people were aware of the fallacies they were fed up. We can see the United States claims about G5 being stolen from them by China or hypersonic technology being stolen by Russia as the evidence that the Western elites are also infected by that hubris. Over the next decade it will become obvious that the West is falling behind the Russia-China block and the malaise might grow into desperation. Going to war might seem a quick and easy solution to restore the lost hegemony to finally find them into a France 1940 moment. Back then France did not have nuclear weapons to turn a defeat into a victory. The West might try that swap because the unpleasant prospect of not being Mars and Venus but rather a bully and his dirty bitch running away in fear while the rest of the world is laughing at them.

If there is not a dramatic change of course the world is going to witness the first nuclear war. The Western block collapse may come before, during or after the war. It does not matter. A nuclear war is a game with billions of casualties and the collapse plays in the hundreds of millions.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: jude2 on April 19, 2021, 09:20:37 PM
I am pissed.  I had 100,000 share of Doge at .04 and sold it last week for .07 to make 3K, then within 2 days goes up to .44 cents. :-\
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 19, 2021, 09:49:23 PM
Quote from: jude2 on April 19, 2021, 09:20:37 PM
I am pissed.  I had 100,000 share of Doge at .04 and sold it last week for .07 to make 3K, then within 2 days goes up to .44 cents. :-\

FOMO back in?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 20, 2021, 02:00:58 AM
Quote from: Mayday on April 19, 2021, 09:49:23 PM
FOMO back in?
Today is Doge Day 4/20. People want to try and push it to $1 TODAY. How high will it go?

Also this is pretty big I think:

https://www.newsweek.com/dogecoin-gets-support-newegg-snickers-milky-way-doge-day-1584885
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 20, 2021, 02:03:23 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 20, 2021, 02:15:25 AM
Quote from: jude2 on April 19, 2021, 09:20:37 PM
I am pissed.  I had 100,000 share of Doge at .04 and sold it last week for .07 to make 3K, then within 2 days goes up to .44 cents. :-\
You need diamond hands bra! I bought Doge at .02. Still hodling. I just wish I dumped $10,000 in Doge when it was 0.0004!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 20, 2021, 03:47:54 AM
Quote from: El Diablo Blanco on April 19, 2021, 11:15:21 AM
Why are people acting like DOGE is not real and BTC is?  It's all the same shit. 

Wrong.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 20, 2021, 03:50:53 AM
Quote from: Mayday on April 19, 2021, 05:16:13 AM
Bitcoin is ‘the one’.

The entire crypto market revolves around BTC.

Each year thousands of cryptos fail and it doesn’t do shit to Bitcoin.

When BTC decides a bull market is over it takes everything down with it.

Although it’s possible Dogecoin could perform the greatest pisstake in history by getting the number one position on a meme coin. Elon will get dragged across the coals for that by US regulators.


Doge could bring crypto alot of pain. Its attracting even more negative attention to crypto that we don't need right now. Man, people are greedy and stupid as hell. Always shooting themselves in the foot. I hate youtube sometimes and the people that push this shit coin.


If you're not selling your Doge now and didn't buy when it was below 5 cents , I think its the biggest dumb gamble you could take. Might as well just pull the lever on a slot machine.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 20, 2021, 03:55:34 AM
Quote from: obsidian on April 20, 2021, 02:15:25 AM
You need diamond hands bra! I bought Doge at .02. Still hodling. I just wish I dumped $10,000 in Doge when it was 0.0004!

You have pretty damn strong hands that’s for sure!

Dogecoin at $1 gets it to 3rd spot. Well deserved lol.

Such interesting times when people actually face a tough decision on investing in the future of the financial system or a coin with a picture of a dog that when a billionaire tweets ‘woof’ it goes up 50% LOL.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on April 20, 2021, 03:55:56 AM
Quote from: El Diablo Blanco on April 19, 2021, 08:03:52 PM
I honestly think the entire economy is heading for doom. Money growing out of nowhere. Millionaires coming out of nowhere.  Housing selling for far more than it’s worth and people with cash on hand to buy it all up. Something is not right and this whole deck of cards is going to tumble.  It will make the Great Depression look like a carnival. I honest think Covid was a world wide test to see how people will act when the entire worlds economy will collapse and the super rich will rebuild all of the wealth in their name.

A crash is coming for sure.  Crashes are cyclical and we are way overdue.  Probably a year away or more though.

>

https://www.currentmarketvaluation.com/models/buffett-indicator.php

The Buffett Indicator is the ratio of total United States stock market valuation to GDP. As of April 15, 2021 we calculate the Buffett Indicator as:

    Aggregate US Market Value: $51.8T
    Current Quarter Annualized GDP (Estimate): $21.9T
    Buffett Indicator: $51.8T ÷ $21.9T = 236%

By our calculation that is currently 90% (or about 2.9 standard deviations) above the historical average, suggesting that the market is Strongly Overvalued. These are historical, all-time highs. However, with interest rates at historic lows, there is reason to suspect that "this time is different" may hold true.

(https://www.currentmarketvaluation.com/images/2021-04-15-BI-5-Mkt-to-GDP-Detrended-Recent-890@1x.png)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 20, 2021, 03:56:58 AM
Quote from: Mayday on April 20, 2021, 03:55:34 AM
You have pretty damn strong hands that’s for sure!

Dogecoin at $1 gets it to 3rd spot. Well deserved lol.

Such interesting times when people actually face a tough decision on investing in the future of the financial system or a coin with a picture of a dog that when a billionaire tweets ‘woof’ it goes up 50% LOL.

If by interesting times you mean, the world has gone full bat shit stupid, then yes, I agree.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 20, 2021, 04:01:53 AM
Quote from: Bindare_Dundat on April 20, 2021, 03:50:53 AM

Doge could bring crypto alot of pain. Its attracting even more negative attention toncrypto that we don't need right now. Man, people are greedy and stupid as hell. Always shooting themselves in the foot. I hate youtube sometimes and the people that push this shit coin.

True.

It’s a reflection of how broken everything is including people. That’s why Elon does it but still, it’s pretty fucked up to make jokes like this at a time when millions have lost jobs and so forth. Not smart.

I’m beginning to think this is actually Elon’s simulation! PayPal, electric cars, spaceships, chips in our brains....and a fucking dog coin that not only outperforms the leading cryptocurrency in it’s most important bullrun but is also proving to be more stable. Great, I’m an NPC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 20, 2021, 04:04:04 AM
Quote from: jude2 on April 19, 2021, 09:20:37 PM
I am pissed.  I had 100,000 share of Doge at .04 and sold it last week for .07 to make 3K, then within 2 days goes up to .44 cents. :-\

always ladder in  and out of crypto and always leave some in for long term unless you think its going to zero.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on April 20, 2021, 04:06:49 AM
Quote from: obsidian on April 20, 2021, 02:15:25 AM
You need diamond hands bra! I bought Doge at .02. Still hodling. I just wish I dumped $10,000 in Doge when it was 0.0004!

Actually purchased 1300$aud at .004 back in 2018. Forgot I even had it in cold storage, only realised 2 months ago I was still holding. I was sure I traded it for BTC, guess not. I will at the end of the year though.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 20, 2021, 04:07:24 AM
Quote from: Mayday on April 20, 2021, 04:01:53 AM
True.

It’s a reflection of how broken everything is including people. That’s why Elon does it but still, it’s pretty fucked up to make jokes like this at a time when millions have lost jobs and so forth. Not smart.

I’m beginning to think this is actually Elon’s simulation! PayPal, electric cars, spaceships, chips in our brains....and a fucking dog coin that not only outperforms the leading cryptocurrency in it’s most important bullrun but is also proving to be more stable. Great, I’m an NPC.

lol, good one.

at least i can take solice in the fact that all my alts are going up while doge is red. for now(?) :-\  but who knows what that nut is going to tweet next?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 20, 2021, 04:11:41 AM
Quote from: IroNat on April 20, 2021, 03:55:56 AM
A crash is coming for sure.  Crashes are cyclical and we are way overdue.  Probably a year away or more though.

>

https://www.currentmarketvaluation.com/models/buffett-indicator.php

The Buffett Indicator is the ratio of total United States stock market valuation to GDP. As of April 15, 2021 we calculate the Buffett Indicator as:

    Aggregate US Market Value: $51.8T
    Current Quarter Annualized GDP (Estimate): $21.9T
    Buffett Indicator: $51.8T ÷ $21.9T = 236%

By our calculation that is currently 90% (or about 2.9 standard deviations) above the historical average, suggesting that the market is Strongly Overvalued. These are historical, all-time highs. However, with interest rates at historic lows, there is reason to suspect that "this time is different" may hold true.

(https://www.currentmarketvaluation.com/images/2021-04-15-BI-5-Mkt-to-GDP-Detrended-Recent-890@1x.png)


You can resolve that by letting inflation run rampant which increases revenue on valuation calculations.

Just pump trillions into the bottom of the market and the inflation feeds upwards and validations the share prices. They just don’t want to give the plebs money because they are worried we will pay down debt which fucks everything up. Hence digital central bank currencies fix all of that because you program it for food, fuel, clothes purchases only.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on April 20, 2021, 05:17:28 AM
Quote from: jude2 on April 19, 2021, 09:20:37 PM
I am pissed.  I had 100,000 share of Doge at .04 and sold it last week for .07 to make 3K, then within 2 days goes up to .44 cents. :-\

I had a bunch of Eth at $400 then it went up to $500, back to $400 up and down for a while and kept around that range so I sold just a bit above $500 and no shit a week later it went over a $1000 then kept going up.  So those that made good money on Eth should thank me for selling so early.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on April 20, 2021, 05:18:37 AM
Quote from: obsidian on April 20, 2021, 02:00:58 AM
Today is Doge Day 4/20. People want to try and push it to $1 TODAY. How high will it go?

Also this is pretty big I think:

https://www.newsweek.com/dogecoin-gets-support-newegg-snickers-milky-way-doge-day-1584885

Doge is valued at $50B now.  To get to a dollar means a $100B valuation.  So a shitload of cash needs to be dumped in.  I don't think Reddit people have that much money to spike the price. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 20, 2021, 05:59:01 AM
Quote from: El Diablo Blanco on April 20, 2021, 05:18:37 AM
Doge is valued at $50B now.  To get to a dollar means a $100B valuation.  So a shitload of cash needs to be dumped in.  I don't think Reddit people have that much money to spike the price.

A lot of those reddit guys are trading long on massive leverage. So that can push up market cap. Boy boy will it collapse on itself once everyone gets liquidated. Mark my words...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 20, 2021, 06:02:28 AM
Quote from: gib on April 20, 2021, 05:59:01 AM
A lot of those reddit guys are trading long on massive leverage. So that can push up market cap. Boy boy will it collapse on itself once everyone gets liquidated. Mark my words...

You sound a lot like Mr Analbolic right now

(https://i.imgflip.com/rlh8c.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 20, 2021, 07:13:53 AM
Quote from: Flexacon on April 20, 2021, 06:02:28 AM
You sound a lot like Mr Analbolic right now

(https://i.imgflip.com/rlh8c.jpg)

Lol!!! True!!! :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on April 20, 2021, 08:08:58 AM
Hmmm.... More reason to suspect that the US government is angling itself for deep regulation and control of the crypto ecosystem.

Cryptocurrency Giant Binance Hires Former Top Bank Regulator
Brian Brooks, an acting head of Office of the Comptroller of the Currency under Trump, will become CEO of Binance.US

https://www.google.com/amp/s/www.wsj.com/amp/articles/cryptocurrency-giant-binance-hires-former-top-bank-regulator-11618912800 (https://www.google.com/amp/s/www.wsj.com/amp/articles/cryptocurrency-giant-binance-hires-former-top-bank-regulator-11618912800)

I'm starting to think Elon Musk might not be a fan of cryptocurrencies. Maybe his recent trolling/pumping of Doge is what finally set the US Government in motion to start taking discussions regarding regulation of crypto seriously.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 20, 2021, 01:31:12 PM
I hope doge crashes and burns hard and recks a bunch of tictoc assholes  that bought near thr top. Wpuld be awesome if we never hear of doge again, except for how stupid it was to own any.

My technical analysis of DOGE on the charts. Right now its in  a brown log formation. Hopefully stays that way.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 20, 2021, 02:33:32 PM
LOL

Buy the dip mofo!

It has strong fundamentals providing Elon doesn’t forget his Twitter password.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 20, 2021, 02:38:00 PM
Quote from: Mayday on April 20, 2021, 02:33:32 PM
LOL

Buy the dip mofo!

It has strong fundamentals providing Elon doesn’t forget his Twitter password.

I wanna laugh so bad but I know how fucked crypto is. Elons kid could start pumping it now for all.we know. Lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 20, 2021, 02:39:36 PM
Quote from: Mayday on April 20, 2021, 02:33:32 PM
LOL

Buy the dip mofo!

It has strong fundamentals providing Elon doesn’t forget his Twitter password.

Elon is busy dealing with the Tesla that crashed and burnt up. Give it a week or 2 before he tweets about doge
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on April 20, 2021, 03:19:36 PM
Quote from: Flexacon on April 20, 2021, 06:02:28 AM
You sound a lot like Mr Analbolic right now

(https://i.imgflip.com/rlh8c.jpg)

LMFAO... (bowing back out of this thread ;D)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 20, 2021, 04:07:37 PM
Quote from: El Diablo Blanco on April 20, 2021, 05:18:37 AM
Doge is valued at $50B now.  To get to a dollar means a $100B valuation.  So a shitload of cash needs to be dumped in.  I don't think Reddit people have that much money to spike the price.

Not as much as you think.

Roughly 3.1M wallets holding Dogecoin.

About 639 wallets hold 79% of supply.

About 41,000 wallets hold 95% of supply.

Therefore about 3.06M wallets are buying the crumbs and sending up the price.

Elon has 51.7M followers on Twitter who gag for dog tweets.

The 95% drip feed the coins to the inbound 5% at a rate slower than purchases which creates net inflow of capital. Each purchase therefore raises the price of the next purchase. To go from 50B to 100B when almost every buyer HODLs might only take 0.1B net inflow.

This is what causes parabolic runs but as seen with GME, if HODLers remain HODLing the price doesn’t crash into oblivion.


This gives you insight into why people still claiming diminishing returns for BTC this run have been wrong so far and will continue to be wrong.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 20, 2021, 05:58:03 PM
Quote from: Mayday on April 20, 2021, 04:07:37 PM
Not as much as you think.

Roughly 3.1M wallets holding Dogecoin.

About 639 wallets hold 79% of supply.

About 41,000 wallets hold 95% of supply.

Therefore about 3.06M wallets are buying the crumbs and sending up the price.

Elon has 51.7M followers on Twitter who gag for dog tweets.

The 95% drip feed the coins to the inbound 5% at a rate slower than purchases which creates net inflow of capital. Each purchase therefore raises the price of the next purchase. To go from 50B to 100B when almost every buyer HODLs might only take 0.1B net inflow.

This is what causes parabolic runs but as seen with GME, if HODLers remain HODLing the price doesn’t crash into oblivion.


This gives you insight into why people still claiming diminishing returns for BTC this run have been wrong so far and will continue to be wrong.
You also said it does not take that much to move Bitcoin or other cryptos. I'd have to find your post. How much cash influx would be required to push Doge to a $100 billion + market cap?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 20, 2021, 06:00:24 PM
Quote from: Mayday on April 20, 2021, 03:55:34 AM
You have pretty damn strong hands that’s for sure!

Dogecoin at $1 gets it to 3rd spot. Well deserved lol.

Such interesting times when people actually face a tough decision on investing in the future of the financial system or a coin with a picture of a dog that when a billionaire tweets ‘woof’ it goes up 50% LOL.
Well it has gone up to the 4th spot before. So i would say getting to the third spot could be possible. If people were told 10 years ago Bitcoin would one day be worth $50k + they would think that's impossible and nuts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 20, 2021, 06:03:04 PM
Quote from: Mayday on April 20, 2021, 04:11:41 AM

You can resolve that by letting inflation run rampant which increases revenue on valuation calculations.

Just pump trillions into the bottom of the market and the inflation feeds upwards and validations the share prices. They just don’t want to give the plebs money because they are worried we will pay down debt which fucks everything up. Hence digital central bank currencies fix all of that because you program it for food, fuel, clothes purchases only.
Once all the cash gets into the hands of the public then it is hello hyperinflation city! The trick to money printing is letting it trickle out but never freely flow into the hands of the masses.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 20, 2021, 06:06:00 PM
Quote from: obsidian on April 20, 2021, 06:00:24 PM
Well it has gone up to the 4th spot before. So i would say getting to the third spot could be possible. If people were told 10 years ago Bitcoin would one day be worth $50k + they would think that's impossible and nuts.

Never underestimate the collective stupidity of the masses
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on April 20, 2021, 06:09:06 PM
All of these digital currencies are a joke.  Some developer made up a fake coin and all of a sudden it has monetary value. Talk about making something from nothing, literally.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 20, 2021, 06:19:56 PM
Quote from: Bindare_Dundat on April 20, 2021, 01:31:12 PM
I hope doge crashes and burns hard and recks a bunch of tictoc assholes  that bought near thr top. Wpuld be awesome if we never hear of doge again, except for how stupid it was to own any.

My technical analysis of DOGE on the charts. Right now its in  a brown log formation. Hopefully stays that way.
Why the hate for Doge? It has a lot of things going for it. What's the difference between Bitcoin and Dogecoin? One starts with a B and the other a D. Bitcoin has a smaller finite supply. Dogecoin has a bigger supply with a current inflation of 5 billion doge per year. But it could be capped if decided. In fact it initially had a cap of 100 billion. Which by the way is far less than the amount of US dollars in circulation.

https://marketrealist.com/p/will-dogecoin-ever-be-capped/

From an inflationary point Doge is far more sound than the dollar. The fact that it is going up is just because the interest rate is basically zero which means you can't earn any interest on dollars held in savings accounts. And governments are inflating the supply of fiat each year by a big amount.

Doge Day 4/20 ended up being a bust. The Doge Day price was already built in. This is the "sell the rumor" effect. Remember the same thing happened with Cardano. Everyone were saying it was going to the moon after the Mary hardfork and I told you it was going to drop in price right after the hardfork as people take profits. And that's what happened exaaactly as predicted! lol! I should have known better that Doge was going to correct as people take profits after the rumor ramp up. This happens with stocks as well. So when somebody says the price is building up because of a certain date expect  a selloff a few hours or a day before the actual date.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 20, 2021, 06:25:40 PM
Quote from: El Diablo Blanco on April 20, 2021, 06:09:06 PM
All of these digital currencies are a joke.  Some developer made up a fake coin and all of a sudden it has monetary value. Talk about making something from nothing, literally.
The brilliance is the blockchain. If it is so easy to make a sound digital currency that's secure, does not allow double spending and can have transactions confirmed in a decentralized manner then go ahead create one. There's a very small percentage of the human population that can do this.

If you transfer money from your checking account to someone else's who banks with a different institution how long does it take for the funds to be available? Ever had someone fraudulently charge your debit card? With traditional banking everything is centralized. They confirm your transaction with their own servers. Electricity is still burned to confirm and store the transactions. How far back can you go to confirm your transactions? 6 months?

There's value to cryptocurrencies that few people realize. By the time they understand the impact fully investment opportunities will have passed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 20, 2021, 06:30:33 PM
https://news.yahoo.com/anonymous-donor-uses-dogecoin-earnings-235140038.html

Anonymous Donor Uses Dogecoin Earnings to Pay Adoption Fees at Daytona Shelter

A donor anonymously paid the adoption fees for all dogs at a Daytona Beach, Florida, shelter on Saturday.

The donor, dubbed Doge Community, won big using cryptocurrency Dogecoin and put some of those funds toward the adoption fees of dogs that were currently ready to be adopted from Halifax Humane Society.

"A generous donor, Doge Community has paid the adoption fees of all dogs in the adoption kennel at the time that were still available," the shelter shared on Sunday along with photos of some of the animals. "Special thanks to Doge Community for their kindness and generosity."

(https://s.yimg.com/ny/api/res/1.2/NI.okGca4F1Cs7sXuuK.MA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQ3MDtjZj13ZWJw/https://s.yimg.com/uu/api/res/1.2/uUaL4mjLU5i3ilwtL0JVFg--~B/aD0xMDAwO3c9MTUwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/people_218/3bc4437788c8afcbd4ccca68530ec803)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 20, 2021, 06:41:39 PM
Quote from: obsidian on April 20, 2021, 06:19:56 PM
Why the hate for Doge? It has a lot of things going for it. What's the difference between Bitcoin and Dogecoin? One starts with a B and the other a D. Bitcoin has a smaller finite supply. Dogecoin has a bigger supply with a current inflation of 5 billion doge per year. But it could be capped if decided. In fact it initially had a cap of 100 billion. Which by the way is far less than the amount of US dollars in circulation.

https://marketrealist.com/p/will-dogecoin-ever-be-capped/

From an inflationary point Doge is far more sound than the dollar. The fact that it is going up is just because the interest rate is basically zero which means you can't earn any interest on dollars held in savings accounts. And governments are inflating the supply of fiat each year by a big amount.

Doge Day 4/20 ended up being a bust. The Doge Day price was already built in. This is the "sell the rumor" effect. Remember the same thing happened with Cardano. Everyone were saying it was going to the moon after the Mary hardfork and I told you it was going to drop in price right after the hardfork as people take profits. And that's what happened exaaactly as predicted! lol! I should have known better that Doge was going to correct as people take profits after the rumor ramp up. This happens with stocks as well. So when somebody says the price is building up because of a certain date expect  a selloff a few hours or a day before the actual date.



Cardano is  a long term investment and the team has done a TON of ground work. Wait and see. Its not anything like dogecoin, its not some pump and dump, meme  turd.

Cardano will pay off bigtime in the future. No worries there at all.


I font like doge.cause its making mockery of great projects that invest alot of time and effort and money to actually  get things accomplished.  I hate social media stunts like this. Its brings out the worst get rich fast wanna bes around. Its a shit environment that has the ability to fuck everything else up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 20, 2021, 06:42:50 PM
Quote from: obsidian on April 20, 2021, 06:30:33 PM
https://news.yahoo.com/anonymous-donor-uses-dogecoin-earnings-235140038.html

Anonymous Donor Uses Dogecoin Earnings to Pay Adoption Fees at Daytona Shelter

A donor anonymously paid the adoption fees for all dogs at a Daytona Beach, Florida, shelter on Saturday.

The donor, dubbed Doge Community, won big using cryptocurrency Dogecoin and put some of those funds toward the adoption fees of dogs that were currently ready to be adopted from Halifax Humane Society.

"A generous donor, Doge Community has paid the adoption fees of all dogs in the adoption kennel at the time that were still available," the shelter shared on Sunday along with photos of some of the animals. "Special thanks to Doge Community for their kindness and generosity."

(https://s.yimg.com/ny/api/res/1.2/NI.okGca4F1Cs7sXuuK.MA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQ3MDtjZj13ZWJw/https://s.yimg.com/uu/api/res/1.2/uUaL4mjLU5i3ilwtL0JVFg--~B/aD0xMDAwO3c9MTUwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/people_218/3bc4437788c8afcbd4ccca68530ec803)

That was cool.of whoever did that. Sweet.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 20, 2021, 06:52:05 PM
Quote from: Bindare_Dundat on April 20, 2021, 06:41:39 PM
Cardano is  a long term investment and the team has done a TON of ground work. Wait and see. Its not anything like dogecoin, its not some pump and dump, meme  turd.

Cardano will pay off bigtime in the future. No worries there at all.


I font like doge.cause its making mockery of great projects that invest alot of time and effort and money to actually  get things accomplished.  I hate social media stunts like this. Its brings out the worst get rich fast wanna bes around. Its a shit environment that has the ability to fuck everything else up.
Cardano dumped from a high of around $1.20 in 2018 down to 2.5 cents in 2020. Compare that with Doge. Looking at the 5 year chart Cadano experienced more of a pump and dump than Doge. Doge's chart is quite unusual compared to other cryptos.

I've had Cardano since 2018. And saw it crash to the bottom. I still have Cardano. But I know it can pump and dump like all cryptos and stocks. Even Amazon, Tesla and Apple stocks experienced pump and dump at one point in their life cycles.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 20, 2021, 07:04:08 PM
Quote from: obsidian on April 20, 2021, 06:52:05 PM
Cardano dumped from a high of around $1.20 in 2018 down to 2.5 cents in 2020. Compare that with Doge. Looking at the 5 year chart Cadano experienced more of a pump and dump than Doge. Doge's chart is quite unusual compared to other cryptos.

I've had Cardano since 2018. And saw it crash to the bottom. I still have Cardano. But I know it can pump and dump like all cryptos and stocks. Even Amazon, Tesla and Apple stocks experienced pump and dump at one point in their life cycles.

Guess i didn't convey my point well. Its all good. Go ahead load up on doge bro.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 20, 2021, 07:14:39 PM
Quote from: Bindare_Dundat on April 20, 2021, 07:04:08 PM
Guess i didn't convey my point well. Its all good. Go ahead load up on doge bro.
The charts don't lie. Claiming Cardano is not a pump and dump is incorrect. Don't you remember how it dumped from 2018 to 2020?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 20, 2021, 07:23:05 PM
Guys, take a step back for a moment.

All this talk about DOGE, Cardano, etc bla bla bla.

Picture yourself 10 years from now ... Realistically, what that is available now, will be around then and of any real significance?

Government Digital Coins? (Yes, of course, but tracking you and with infinite supply controlled by a centralized source).

All the various 10000+ "alts" around now? Almost none (and don't kind yourself that you can pick "the one").

Bitcoin - definitely, and hence this should be your largest HODL investment. And quite possibly gold, both for nostalgic reasons as well as being truly "off grid".

There will be all sorts of pumps and dumps and excitement and concerns etc along the way, but sometimes the best path is the most obvious one...



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Coffeed on April 20, 2021, 07:26:12 PM
So why is bitcoin the best?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: jude2 on April 20, 2021, 09:02:17 PM
Quote from: Mayday on April 19, 2021, 09:49:23 PM
FOMO back in?
Yes back in yesterday at .413 hoping for the dollar today.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: jude2 on April 20, 2021, 09:03:43 PM
Quote from: Bindare_Dundat on April 20, 2021, 04:04:04 AM
always ladder in  and out of crypto and always leave some in for long term unless you think its going to zero.
Lesson learned for sure.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 21, 2021, 12:15:24 AM
Quote from: jude2 on April 20, 2021, 09:02:17 PM
Yes back in yesterday at .413 hoping for the dollar today.

Shitty
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 21, 2021, 01:38:53 AM
Quote from: gib on April 20, 2021, 07:23:05 PM
Guys, take a step back for a moment.

All this talk about DOGE, Cardano, etc bla bla bla.

Picture yourself 10 years from now ... Realistically, what that is available now, will be around then and of any real significance?

Government Digital Coins? (Yes, of course, but tracking you and with infinite supply controlled by a centralized source).

All the various 10000+ "alts" around now? Almost none (and don't kind yourself that you can pick "the one").

Bitcoin - definitely, and hence this should be your largest HODL investment. And quite possibly gold, both for nostalgic reasons as well as being truly "off grid".

There will be all sorts of pumps and dumps and excitement and concerns etc along the way, but sometimes the best path is the most obvious one...

Not everyone bought btc at the quantity and price you paid for it. The rest of us have better opportunities at maximizing our initial investment funds in other projects. If you think BTC is going to be the only thing around in 5 years, youre seriously mistaken.

Its not about finding "the one" like you keep bringing up, its finding several projects that will be of value in the coming years. Going through your posts , I get the impression yoire the only person suggesting there will be one crypto entity around.

Ethereum, Cardano, Chainlink, Uni, Polkadot, etc, they will be here for quite some time because they have good teams around them and they have utility. 


I was attempting to show the difference between those projects that have some utility as opposed to those that just have a group of people online  trying to drive the price up for no reason other than to make some quick bucks overnight.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 21, 2021, 03:28:26 AM
BTC dominance still falling. Money going into alts. Still many good buys guys. Take advantage of the current situation.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 21, 2021, 03:38:42 AM
Quote from: Coffeed on April 20, 2021, 07:26:12 PM
So why is bitcoin the best?

Many reasons, including network gravitational effect, as well as longest legacy, most secure network, largest accumulation of monetary energy, best known "brand", broadest institutional adoption and infrastructure, by far the most dedicated computational power, the most decentralized, among many other reasons.

Its like asking why is Coca Cola the best compared to all of the "alt" Colas...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 21, 2021, 04:23:12 AM
Quote from: obsidian on April 20, 2021, 05:58:03 PM
You also said it does not take that much to move Bitcoin or other cryptos. I'd have to find your post. How much cash influx would be required to push Doge to a $100 billion + market cap?

Yep because the HODL percentage dries up supply causing parabolic runs. In small markets very little is required because you have less players therefore like Dogecoin the HODL ratio is going to be high and have a huge impact on price.

When 98% HODL you probably see a 1,000x or more effect. Meaning 50M net change equals a 50B kit cap increase. This is why it flies up so quick and flies down so quick. If you are in you need to know how to exit.

This is why Elon is a prick because he is making his buddies rich and burning good, honest people. He pumps so his 98% buddies can exit ;) 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 21, 2021, 05:02:16 AM
Quote from: gib on April 21, 2021, 03:38:42 AM
Many reasons, including network gravitational effect, as well as longest legacy, most secure network, largest accumulation of monetary energy, best known "brand", broadest institutional adoption and infrastructure, by far the most dedicated computational power, the most decentralized, among many other reasons.

Its like asking why is Coca Cola the best compared to all of the "alt" Colas...

But if you invested in the "alt" pepsi, you failed? lol ok.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 21, 2021, 05:06:03 AM
Quote from: gib on April 21, 2021, 03:38:42 AM
Many reasons, including network gravitational effect, as well as longest legacy, most secure network, largest accumulation of monetary energy, best known "brand", broadest institutional adoption and infrastructure, by far the most dedicated computational power, the most decentralized, among many other reasons.

Its like asking why is Coca Cola the best compared to all of the "alt" Colas...
I will get back into BTC for sure because it does better in bear markets. I think Ethereum will also do better compared to 2018 and not crash as hard. Cardano and Polkadot perhaps also because of all the staking that will prevent panic selling.

Alex cracks me up. Hilarious video below. No he does not think the bull run is over but he does provide some much needed reality checks. I also like how he refers to the crypto holders from 2017-2018 that remembered hodling all the way to the bottom with their diamond hands - "No they are not going to tell you when it’s all over and they are not going to go back to being middle class" LMAO! I'm one of them. Could have had a much bigger bag if I sold when Euphoria set in. My plan is to trade / sell perhaps 30% of my crypto holdings sometime this year to try and grow my portfolio. The remainder I will just stake as a long term investment strategy (like Saylor) and will not be too concerned with market corrections.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 21, 2021, 05:07:53 AM
Quote from: gib on April 21, 2021, 03:38:42 AM
Many reasons, including network gravitational effect, as well as longest legacy, most secure network, largest accumulation of monetary energy, best known "brand", broadest institutional adoption and infrastructure, by far the most dedicated computational power, the most decentralized, among many other reasons.

Its like asking why is Coca Cola the best compared to all of the "alt" Colas...
Coca Cola s pushing an anti-white narrative. Hopefully they will not be best for much longer. I will personally never purchase a Coca Cola product again,.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 21, 2021, 05:11:32 AM
Quote from: Mayday on April 21, 2021, 04:23:12 AM
Yep because the HODL percentage dries up supply causing parabolic runs. In small markets very little is required because you have less players therefore like Dogecoin the HODL ratio is going to be high and have a huge impact on price.

When 98% HODL you probably see a 1,000x or more effect. Meaning 50M net change equals a 50B kit cap increase. This is why it flies up so quick and flies down so quick. If you are in you need to know how to exit.

This is why Elon is a prick because he is making his buddies rich and burning good, honest people. He pumps so his 98% buddies can exit ;)
Thanks. Yes this is a fascinating space we are in. You need to have the right mindset and can't be too emotionally attached.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 21, 2021, 05:23:33 AM
Quote from: obsidian on April 21, 2021, 05:07:53 AM
Coca Cola s pushing an anti-white narrative. Hopefully they will not be best for much longer. I will personally never purchase a Coca Cola product again,.

Lol, you say that, but really? Its like saying you will never buy something "from China" again, or never eat a Big Mac. Easier said than done...

I once vowed never again to fly United Air. Again, easier said than done! :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 21, 2021, 05:39:05 AM
Quote from: obsidian on April 21, 2021, 05:06:03 AM
I will get back into BTC for sure because it does better in bear markets. I think Ethereum will also do better compared to 2018 and not crash as hard. Cardano and Polkadot perhaps also because of all the staking that will prevent panic selling.

Alex cracks me up. Hilarious video below. No he does not think the bull run is over but he does provide some much needed reality checks. I also like how he refers to the crypto holders from 2017-2018 that remembered hodling all the way to the bottom with their diamond hands - "No they are not going to tell you when it’s all over and they are not going to go back to being middle class" LMAO! I'm one of them. Could have had a much bigger bag if I sold when Euphoria set in. My plan is to trade / sell perhaps 30% of my crypto holdings sometime this year to try and grow my portfolio. The remainder I will just stake as a long term investment strategy (like Saylor) and will not be too concerned with market corrections.



All great points.  The strategy pays off way belter than holding into long bear markets.
yes man. Stake for sure.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on April 21, 2021, 05:50:16 AM
Quote from: Coffeed on April 20, 2021, 07:26:12 PM
So why is bitcoin the best?

People will say because it's the first but like any technology , it will become obsolete in the near future when better Cryptos get created, ones with less energy use, easier to use, better code etc....  It will become the Windows 95 of Cryptos
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on April 21, 2021, 05:52:05 AM
Quote from: jude2 on April 20, 2021, 09:02:17 PM
Yes back in yesterday at .413 hoping for the dollar today.

So many people are hoping for a dollar that I bet it will last a nanosecond at $1 if it makes it there before every limit sell order tries to execute at once.  Watch these crypto sites crash trying to sell off all of it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 21, 2021, 06:00:13 AM
Quote from: El Diablo Blanco on April 21, 2021, 05:52:05 AM
So many people are hoping for a dollar that I bet it will last a nanosecond at $1 if it makes it there before every limit sell order tries to execute at once.  Watch these crypto sites crash trying to sell off all of it.

If it gets close to a dollar I will sell everything I own crypto wise because that will be the biggest sell sign ever.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 21, 2021, 06:27:58 AM
Quote from: El Diablo Blanco on April 21, 2021, 05:50:16 AM
People will say because it's the first but like any technology , it will become obsolete in the near future when better Cryptos get created, ones with less energy use, easier to use, better code etc....  It will become the Windows 95 of Cryptos

I think you are missing the point on BTC.

Code is regularly improved over time. User interfaces and 2nd layers will be built on top of BTC. The energy used is BTC's biggest strength (but that energy will over time come from entirely sustainable sources, for obvious reasons driven by economics...)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 21, 2021, 08:04:10 AM
Eth having a good run. 25% up since the dump.

CHZ having a good one too. Up 30% since the dump. almost all my alts have performed better than BTC since the crash.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on April 21, 2021, 12:38:43 PM
Quote from: Bindare_Dundat on April 21, 2021, 01:38:53 AM
Not everyone bought btc at the quantity and price you paid for it. The rest of us have better opportunities at maximizing our initial investment funds in other projects. If you think BTC is going to be the only thing around in 5 years, youre seriously mistaken.

Its not about finding "the one" like you keep bringing up, its finding several projects that will be of value in the coming years. Going through your posts , I get the impression yoire the only person suggesting there will be one crypto entity around.

Ethereum, Cardano, Chainlink, Uni, Polkadot, etc, they will be here for quite some time because they have good teams around them and they have utility. 


I was attempting to show the difference between those projects that have some utility as opposed to those that just have a group of people online  trying to drive the price up for no reason other than to make some quick bucks overnight.

I don't understand your terminology. What do you mean by "projects"? A project is creating or organizing something in which there is a beginning or and an end. Remodeling my kitchen is a project. Developing a more fuel efficient car is a project. How is BTC or ETH a project?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on April 21, 2021, 12:41:59 PM
Quote from: Bindare_Dundat on April 21, 2021, 01:38:53 AM
Not everyone bought btc at the quantity and price you paid for it. The rest of us have better opportunities at maximizing our initial investment funds in other projects. If you think BTC is going to be the only thing around in 5 years, youre seriously mistaken.

Its not about finding "the one" like you keep bringing up, its finding several projects that will be of value in the coming years. Going through your posts , I get the impression yoire the only person suggesting there will be one crypto entity around.

Ethereum, Cardano, Chainlink, Uni, Polkadot, etc, they will be here for quite some time because they have good teams around them and they have utility. 

I was attempting to show the difference between those projects that have some utility as opposed to those that just have a group of people online  trying to drive the price up for no reason other than to make some quick bucks overnight.

Very much agree with this post.

I think the crypto market will have a solid group of players come the next 5-10 years. While Bitcoin is a great store of wealth and is slowly becoming very mainstream, it isn't the only player in town. Ethereum, Binance Coin, Cardano, Polkadot, VeChain, Uni etc all have solid teams behind them and great partnerships.

I do agree that Bitcoin is the king, but he is aging and there are certainly other players in town that can allow for other people to enjoy the fruits which gib is feasting on today due to BTC's maturity.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 21, 2021, 01:01:51 PM
The crypto market right now is basically dotcom boom playing out again.

One or 2 of the cryptos might be a future Amazon or google (it won't be bitcoin), but the vast majority are going to disappear once government/bank backed cryptos come into play.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Coffeed on April 21, 2021, 02:39:42 PM
Quote from: Flexacon on April 21, 2021, 01:01:51 PM
The crypto market right now is basically dotcom boom playing out again.

One or 2 of the cryptos might be a future Amazon or google (it won't be bitcoin), but the vast majority are going to disappear once government/bank backed cryptos come into play.
Why won't it be bitcoin?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on April 21, 2021, 03:08:18 PM
Quote from: Coffeed on April 21, 2021, 02:39:42 PM
Why won't it be bitcoin?

Run the numbers and come to your own conclusions.

48million millionaires  in the world
2.5million btc left on the exchanges
100million + users said to grow to 1billion by 2025
21 million btc ONLY
~3million lost forever.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 21, 2021, 03:22:19 PM
Quote from: Coffeed on April 20, 2021, 07:26:12 PM
So why is bitcoin the best?

Try not to think of the tech terms to keep it easy.

Think of it like this, BTC is like the US but stronger.

Post world war 2 the US rocketed off to be the world’s leading country. Everybody developed and moved forward but the US was always the most solid and the centre of everything.

If the US catches a cold, everybody gets sick. Nobody else has that effect. The same as BTC catches a cold all coins get sick.

Even in bad times. 1970s the US still in control. GFC the US still in control. Pandemic, the US still in control.

We are in collapse right now and there is nothing better out there than BTC in terms of market support. It has been the fastest growing network in history and We are in 1994 in internet adoption terms right now. The internet probably took 20yrs to really be everywhere and BTC is something like 4x faster adoption.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 21, 2021, 04:05:25 PM
Quote from: Theoak* on April 21, 2021, 03:08:18 PM
Run the numbers and come to your own conclusions.

48million millionaires  in the world
2.5million btc left on the exchanges
100million + users said to grow to 1billion by 2025
21 million btc ONLY
~3million lost forever.

2,000 billionaires in the word input 1B each gives 2T net inflow
2.32M coins left on exchanges
On a flat price 2T / 2.32M = 862k......

In the real world we never run out of BTC because of price action so the price go up significantly and in this example 862k price per coin would more likely be price towards 2M+ and supply still remaining.

This value would continue to grow as more capital flows in.

Now consider a supply/demand price scale......
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 21, 2021, 04:35:24 PM
Quote from: Coffeed on April 21, 2021, 02:39:42 PM
Why won't it be bitcoin?

It enables too much shady shit to go on unseen and governments don't like it. The latter will bring about it's inevitable downfall.

It's also no longer the best solution for the purpose it was originally designed for. Think along the lines of why some web browsers or search engines that at one time had over a 90% of the market and are no longer used.

Most getting into bitcoin now are basically using in it the same way someone might invest in a rare baseball card, precious gems or artwork. Or as a hedge against a complete market collapse/hyperinflation. Some will do very well out of it, some will get their fingers burnt.

I'll add the caveat that no ones knows for certain what will happen and this is all opinion, but history is a great teacher. This has dotcom written all over it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 21, 2021, 05:57:05 PM
Quote from: Flexacon on April 21, 2021, 04:35:24 PM
I'll add the caveat that no ones knows for certain what will happen and this is all opinion, but history is a great teacher. This has dotcom written all over it.

Can I get your thoughts on your end point?

If history is a great teacher why do you assume the negative outcome? Why can’t this be the internet? Online banking? Social media etc? All very successful and strong platforms of technology.

If we had no pandemic, no global shutdown and it was business as usual I’d most likely agree with you.

However we have a pandemic, global shutdown, bond yield collapse, money supply expansion at record levels causing huge wage deflation. In this environment we see Hyperinflation of the Bitcoin price which is exactly what it was designed to do in this environment as a signal to people of what was happening to the money supply.

Gold is moving at 15% which is pretty much inline with the M3 expansion but it hasn’t grown in adoption......  in the 40s and 70s we saw gold go parabolic as people ram to it yet today we see gold chugging along but people running to Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on April 21, 2021, 07:20:38 PM
Quote from: Flexacon on April 21, 2021, 01:01:51 PM
The crypto market right now is basically dotcom boom playing out again.

One or 2 of the cryptos might be a future Amazon or google (it won't be bitcoin), but the vast majority are going to disappear once government/bank backed cryptos come into play.

Why are you so sure it won't be BTC being that it is the largest, strongest, and most well known and familiar with the general public.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on April 21, 2021, 07:22:57 PM
Quote from: Theoak* on April 21, 2021, 03:08:18 PM
Run the numbers and come to your own conclusions.

48million millionaires  in the world
2.5million btc left on the exchanges
100million + users said to grow to 1billion by 2025
21 million btc ONLY
~3million lost forever.

The number of BTC is finite. The worth of a single BTC is infinite.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on April 21, 2021, 07:26:55 PM
Quote from: Flexacon on April 21, 2021, 04:35:24 PM
It enables too much shady shit to go on unseen and governments don't like it. The latter will bring about it's inevitable downfall.

It's also no longer the best solution for the purpose it was originally designed for. Think along the lines of why some web browsers or search engines that at one time had over a 90% of the market and are no longer used.

Most getting into bitcoin now are basically using in it the same way someone might invest in a rare baseball card, precious gems or artwork. Or as a hedge against a complete market collapse/hyperinflation. Some will do very well out of it, some will get their fingers burnt.

I'll add the caveat that no ones knows for certain what will happen and this is all opinion, but history is a great teacher. This has dotcom written all over it.

The "shady shit" that goes on is because BTC is what is being used. Why would any other crypto that people would start bothering to use be any less susceptible to "shady shit"?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 21, 2021, 07:30:18 PM
Quote from: Mayday on April 21, 2021, 05:57:05 PM
Can I get your thoughts on your end point?

If history is a great teacher why do you assume the negative outcome? Why can’t this be the internet? Online banking? Social media etc? All very successful and strong platforms of technology.

If we had no pandemic, no global shutdown and it was business as usual I’d most likely agree with you.

However we have a pandemic, global shutdown, bond yield collapse, money supply expansion at record levels causing huge wage deflation. In this environment we see Hyperinflation of the Bitcoin price which is exactly what it was designed to do in this environment as a signal to people of what was happening to the money supply.

Gold is moving at 15% which is pretty much inline with the M3 expansion but it hasn’t grown in adoption......  in the 40s and 70s we saw gold go parabolic as people ram to it yet today we see gold chugging along but people running to Bitcoin.

Blockchain is the internet and that isn't going anywhere. The current cryptos are where I see there being a negative outcome as the situation resembles the madness involving dotcom companies. It doesn't mean I see that as being the end of cryptos, quite the opposite. That's when cryptos will start to become truly mainstream. But it won't be any of the ones getting the headlines now. It will most likely be something new.

People are rightly feeling uneasy with everything going on right now, but the pandemic is reaching its tailend in the West and IMO the boom period will beat expectations. There is a ridiculous amount of money waiting to spent by people with poor impulse control. At worst this kicks the can further down the road and delays any crash (look to history again) but that's enough time for blockchain and crypto to take another evolution.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 21, 2021, 07:43:15 PM
Quote from: Flexacon on April 21, 2021, 07:30:18 PM
Blockchain is the internet and that isn't going anywhere. The current cryptos are where I see there being a negative outcome as the situation resembles the madness involving dotcom companies. It doesn't mean I see that as being the end of cryptos, quite the opposite. That's when cryptos will start to become truly mainstream. But it won't be any of the ones getting the headlines now. It will most likely be something new.

People are rightly feeling uneasy with everything going on right now, but the pandemic is reaching its tailend in the West and IMO the boom period will beat expectations. There is a ridiculous amount of money waiting to spent by people with poor impulse control. At worst this kicks the can further down the road and delays any crash (look to history again) but that's enough time for blockchain and crypto to take another evolution.
You are discounting the network effect. It takes time to build that up. The current cryptos have a head start.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 21, 2021, 07:45:42 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 21, 2021, 07:49:17 PM
Quote from: pellius on April 21, 2021, 07:20:38 PM
Why are you so sure it won't be BTC being that it is the largest, strongest, and most well known and familiar with the general public.

I explained in post 5978. Same reason people stopped using netscape, Aol search etc.

Quote from: pellius on April 21, 2021, 07:26:55 PM
The "shady shit" that goes on is because BTC is what is being used. Why would any other crypto that people would start bothering to use be any less susceptible to "shady shit"?

Because every transaction could be tracked or limited to certain types of transactions if the crypto was designed that way.

Also you do realise that they could outlaw bitcoin, ban mining, shut down exchanges and a whole host of other restrictions if they wanted to. Even if that didn't kill off bitcoin, it would send the price crashing. Bitcoin is a free beta testing for the government when it comes to blockchain.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 21, 2021, 07:51:55 PM
Quote from: Flexacon on April 21, 2021, 07:49:17 PM
I explained in post 5978. Same reason people stopped using netscape, Aol search etc.

Because every transaction could be tracked or limited to certain transactions if the crypto was designed that way.

Also you do realise that they could outlaw bitcoin, ban mining, shut down exchanges and a whole host of other restrictions if they wanted to. Even if that didn't kill off bitcoin, it would send the price crashing. Bitcoin is a free beta testing for blockchain.
Government officials are probably also invested in crypto. Why would they want to kill that? Also the more wealth goes into crypto the more lobbying power the industry could have.

But it is a noteworthy argument to look at the past dot com bubble and also what happened in the mobile phone arena. Blackberry and Nokia were huge and dominated. Along came Apple with the iPhone and then Android to spoil the party for them.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 21, 2021, 07:52:52 PM
Quote from: obsidian on April 21, 2021, 07:43:15 PM
You are discounting the network effect. It takes time to build that up. The current cryptos have a head start.


I'm sure a few cryptos will sneak through. Like how Amazon survived the dotcom crash. One of those crypto might even end up being the one banking and governments adopt. It won't be bitcoin though.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 21, 2021, 07:55:43 PM
Quote from: obsidian on April 21, 2021, 07:51:55 PM
Government officials are probably also invested in crypto. Why would they want to kill that? Also the more wealth goes into crypto the more lobbying power the industry could have.

But it is a noteworthy argument to look at the past dot com bubble and also what happened in the mobile phone arena. Blackberry and Nokia were huge and dominated. Along came Apple with the iPhone and then Android to spoil the party for them.

Government officials will naturally invest in current cryptos because they'll know before most of us if shit is about to hit the fan.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 21, 2021, 08:52:20 PM
Quote from: Flexacon on April 21, 2021, 07:30:18 PM
People are rightly feeling uneasy with everything going on right now, but the pandemic is reaching its tailend in the West and IMO the boom period will beat expectations. There is a ridiculous amount of money waiting to spent by people with poor impulse control. At worst this kicks the can further down the road and delays any crash (look to history again) but that's enough time for blockchain and crypto to take another evolution.

2008 GFC kicked the can and it landed in 2020.

The Boom is happening in financial assets at the top end but that’s it.

Stocks go up. Commodities go up. Property goes up. Wages deflated.l against financial assets.

There is no wage inflation because it’s linked to CPI. There is no CPI because it’s linked to the bond market. There is no yield in the bond market because they started to perform Yield Curve Control to prevent interest rates going up and prevent inflation which in turn keeps wages down.

The property I purchased 6 months ago went up 50%. My wage went up 0.9% over a year inline with CPI.

We already have a 5x in sea fright costs.

We will get a large cost increase from commodities on top of this due to traders buying up contracts and raising our cost base.

If retail prices go up, volumes drop and profit gets squeezed whilst at the same time workers scream for higher wages and business who won’t/can’t pay higher wages scream they can’t find workers.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 21, 2021, 09:06:14 PM
Quote from: Mayday on April 21, 2021, 08:52:20 PM
2008 GFC kicked the can and it landed in 2020.

The Boom is happening in financial assets at the top end but that’s it.

Stocks go up. Commodities go up. Property goes up. Wages deflated.l against financial assets.

There is no wage inflation because it’s linked to CPI. There is no CPI because it’s linked to the bond market. There is no yield in the bond market because they started to perform Yield Curve Control to prevent interest rates going up and prevent inflation which in turn keeps wages down.

The property I purchased 6 months ago went up 50%. My wage went up 0.9% over a year inline with CPI.

We already have a 5x in sea fright costs.

We will get a large cost increase from commodities on top of this due to traders buying up contracts and raising our cost base.

If retail prices go up, volumes drop and profit gets squeezed whilst at the same time workers scream for higher wages and business who won’t/can’t pay higher wages scream they can’t find workers.

Agree with all this, except the statement that wages are linked to CPI. Wages are in fact entirely linked and governed by labour supply and demand. So, for some people, their wages have gone up significantly. For others their wages have fallen (or ceased entirely). Same for the profits (or losses) of businesses. That is not to say that both employers and employees might not reference a CPI calculation in negotiating wages. But ultimately, the price for services (and that includes price for labor) is a function of supply and demand.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 21, 2021, 09:07:29 PM
Quote from: Flexacon on April 21, 2021, 07:55:43 PM
Government officials will naturally invest in current cryptos because they'll know before most of us if shit is about to hit the fan.

Not just will, but already have...

And not just Govt officials, but also the rich and powerful.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 21, 2021, 09:19:13 PM
Quote from: Flexacon on April 21, 2021, 07:52:52 PM
I'm sure a few cryptos will sneak through. Like how Amazon survived the dotcom crash. One of those crypto might even end up being the one banking and governments adopt. It won't be bitcoin though.

Certainly possible. But (much as I wish it was not the case) what is not possible that you (or me) can accurately predict what those surviving alts will be (nor what price now pay for them below any kind of current fair market value that takes into account anticipated future value).

In terms of "what Governments will adopt", Bitcoin has already been adopted by Government globally (indeed they have no choice). Citizens of ALL Governments globally are already (and will continue) to use BTC as a global store of value. Samoe applies to banks. Bitcoin is the single largest crypto asset banks hold, allow payments for, provide custody services for, have customer fiat money converted over into BTC, connect with credit cards that have BTC as an option, etc etc.

Its very important that you understand this now (as opposed to in 10 years time).

If you are not already, my advice is simple , Ensure you are a wholecoiner (one of the future monetary elite).  Ideally do this also for your loved ones, family etc. Then simply hodl, ignoring noise along the way. Thank me (and more importantly yourself) for your foresight in a decade from now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 21, 2021, 11:02:36 PM
Quote from: gib on April 21, 2021, 09:06:14 PM
Agree with all this, except the statement that wages are linked to CPI. Wages are in fact entirely linked and governed by labour supply and demand. So, for some people, their wages have gone up significantly. For others their wages have fallen (or ceased entirely). Same for the profits (or losses) of businesses. That is not to say that both employers and employees might not reference a CPI calculation in negotiating wages. But ultimately, the price for services (and that includes price for labor) is a function of supply and demand.

CPI is the metric used for business to justify wage inflation.

The fundamental is supply/demand which sets the initial salary band as you say but after that the business economy and govts use CPI for annual wage increase calculations and forecasts.

We don’t have ‘wage price discovery’ on an annual basis. We all know what we are worth due to the massive amount of job data available. Once employed, you get CPI annual increases for the vast majority.

You know that Mr picky lol. It’s acceptable To talk in broader terms yeah?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on April 21, 2021, 11:23:00 PM
Quote from: Mayday on April 21, 2021, 11:02:36 PM
CPI is the metric used for business to justify wage inflation.

The fundamental is supply/demand which sets the initial salary band as you say but after that the business economy and govts use CPI for annual wage increase calculations and forecasts.

We don’t have ‘wage price discovery’ on an annual basis. We all know what we are worth due to the massive amount of job data available. Once employed, you get CPI annual increases for the vast majority.

You know that Mr picky lol. It’s acceptable To talk in broader terms yeah?

Correct.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 21, 2021, 11:24:47 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on April 21, 2021, 11:27:48 PM
I'm keeping an eye on VeChain (VET).

It's performed extremely well for me so far and I think there's a good chance it go to at least $1.00 in this bull cycle from a current $ 0.22.

If it gets listed on Coinbase, the price could also skyrocket.

Some more optimistic forecasts I've seen are $3.00 to $5.00.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on April 22, 2021, 12:05:12 AM
Quote from: Flexacon on April 21, 2021, 07:30:18 PM
Blockchain is the internet and that isn't going anywhere. The current cryptos are where I see there being a negative outcome as the situation resembles the madness involving dotcom companies. It doesn't mean I see that as being the end of cryptos, quite the opposite. That's when cryptos will start to become truly mainstream. But it won't be any of the ones getting the headlines now. It will most likely be something new.

People are rightly feeling uneasy with everything going on right now, but the pandemic is reaching its tailend in the West and IMO the boom period will beat expectations. There is a ridiculous amount of money waiting to spent by people with poor impulse control. At worst this kicks the can further down the road and delays any crash (look to history again) but that's enough time for blockchain and crypto to take another evolution.

Again, based on what? Sounds like you're just making random speculations to appear in the know when you know full well that you will never be called out on being wrong.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on April 22, 2021, 12:15:46 AM
Quote from: Flexacon on April 21, 2021, 07:49:17 PM
I explained in post 5978. Same reason people stopped using netscape, Aol search etc.

And the reason for that was..... Yes, new competitors enter the market and often do it better if the original doesn't adapt. Cash gave way to checks, to credit cards, to internet... things evolve but that doesn't mean those options didn't serve it's purpose. BTC is here now and is what most people are using and will continue to grow. Will it be around forever? Nothing lasts forever. Sears use to rule the retail world. They are all but gone now. You're acting like BTC is not worth the investment and we should wait for the next big thing.

Because every transaction could be tracked or limited to certain types of transactions if the crypto was designed that way.

Also you do realise that they could outlaw bitcoin, ban mining, shut down exchanges and a whole host of other restrictions if they wanted to. Even if that didn't kill off bitcoin, it would send the price crashing. Bitcoin is a free beta testing for the government when it comes to blockchain.

Also you do realize this applies to every single crypto out there and in the future so that's hardly an argument.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 22, 2021, 12:36:39 AM
Ethereum went up to $2,504 again today. Ethereum's price really should be at around $5,000-$6,000 with Bitcoin sitting above $50,000.

Ethereum's circulating supply is around 115.12 million. Bitcoin's circulation supply is 18.69 million. That means ETH's supply is 6.15 times that of BTC. And with EIP-1559 ETH's inflation will be stopped in its tracks. One could argue that ETH's token value should be 1/6th of Bitcoin's. $54,000 / 6 = $9,000. $2,400-$2,500 is really laughable when you consider the fundamentals of Ethereum.

https://www.kitco.com/news/2021-04-21/Dogecoin-and-Ethereum-one-of-these-is-very-very-undervalued-Ran-Neuner.html

Ethereum’s value lies in not just its technological capabilities, but also in its network effect, said Ran Neuner, co-founder of Crypto Banter, host of CNBC’s Crypto Trader and CEO of OnChain Capital.

Speaking to Michelle Makori, editor-in-chief for Kitco News, Neuner said that should Ethereum be priced using comparable network metrics as Bitcoin, the price should be several times higher.

“If you compare where the Ethereum network is versus the Bitcoin network, and you say on a like-for-like basis, what should Ethereum be trading at? You get a valuation, according to Metcalfe’s Law, of Ethereum at about $6,000,” he said.

Ethereum is currently trading $2,400, and is therefore “very, very underpriced,” Neuner noted.

However, the similarities between Bitcoin and Ethereum end there.

“I think comparing Bitcoin to Ethereum is a very bad thing…that’s like comparing gold to Amazon,” he said. “The only thing is that they’re both crypto currencies and they’re both used on blockchain but they’re two completely different things. Bitcoin is a store of value, it’s a value transfer between me and you. That’s what Bitcoin does and it does it really well. Ethereum, however, is a world supercomputer that is decentralized.”

On Dogecoin, Neuner said that the crypto that skyrocketed more than 500% in less than three days in mid-April has no intrinsic value and is a pure speculation play.

“Dogecoin is at best a meme coin. It is a useless piece of technology, which is not very secure. It was designed as a joke, it was designed as a meme. They called it a small change coin,” he said. “It was designed badly on purpose.”

Additionally, unlike Bitcoin, there isn’t a finite amount of Dogecoin as more of it can be created. Neuner compared this feature to the U.S. dollar, another currency that does not have a hard cap on supply, which he also referred to as a “meme coin.”

Dogecoin’s popularity was driven up in part by TikTokers, who see this is a kind of “freedom coin,” according to Neuner.

“What happens next? One of two things: one, it crashes, all these TikTokers get wiped out, and it’s just another one of these pump and dump schemes. Dogecoin has done [this] several times since 2017, it goes up, and then it somehow goes down. Or two, the TikTok generation actually adopts this as their cryptocurrency,” he said.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 22, 2021, 12:46:54 AM
Quote from: Griffith on April 21, 2021, 11:27:48 PM
I'm keeping an eye on VeChain (VET).

It's performed extremely well for me so far and I think there's a good chance it go to at least $1.00 in this bull cycle from a current $ 0.22.

If it gets listed on Coinbase, the price could also skyrocket.

Some more optimistic forecasts I've seen are $3.00 to $5.00.
I've had quite a bit of VeChain for years now. I never even realized I had it until I checked my Binance account. BUT I should have bought a lot more back in the day when the token was worth nothing. The (4) I should have really gone balls deep with are VeChain, BNB, ADA and Doge. I could have had a bigger boat!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 22, 2021, 01:03:52 AM
Quote from: pellius on April 22, 2021, 12:05:12 AM
Again, based on what? Sounds like you're just making random speculations to appear in the know when you know full well that you will never be called out on being wrong.

I've already touched on this and your other post in a previous post of mine.

Quote from: Flexacon on April 21, 2021, 04:35:24 PM
I'll add the caveat that no ones knows for certain what will happen and this is all opinion, but history is a great teacher. This has dotcom written all over it.

Quote from: pellius on April 22, 2021, 12:15:46 AM
And the reason for that was..... Yes, new competitors enter the market and often do it better if the original doesn't adapt. Cash gave way to checks, to credit cards, to internet... things evolve but that doesn't mean those options didn't serve it's purpose. BTC is here now and is what most people are using and will continue to grow. Will it be around forever? Nothing lasts forever. Sears use to rule the retail world. They are all but gone now. You're acting like BTC is not worth the investment and we should wait for the next big thing.

I don't think I've acted like that. I've explained the type of investment I think bitcoin should be viewed as to right now. I've also not mentioned anything about waiting for the next big thing.

Quote from: Flexacon on April 21, 2021, 04:35:24 PM

Most getting into bitcoin now are basically using in it the same way someone might invest in a rare baseball card, precious gems or artwork. Or as a hedge against a complete market collapse/hyperinflation. Some will do very well out of it, some will get their fingers burnt.


Also bitcoin lives in the technological world. I'd rather compare it to other products that lived in the same landscape. Comparing it to Sears makes very little sense.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 22, 2021, 01:16:57 AM
Quote from: Mayday on April 21, 2021, 08:52:20 PM

The property I purchased 6 months ago went up 50%. My wage went up 0.9% over a year inline with CPI.


This isn't something unique. It's been happening in hotspots across the globe for a couple of decades now.

Also I don't see things ending up in a 1930s type depression. There will be jobs, just not people willing to do them. The likeliest solution will immigration and more stimulus checks (UBI). When a government backed crypto is ready that's when UBI becomes a thing and replaces stimulus checks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 22, 2021, 02:48:40 AM
Quote from: Griffith on April 21, 2021, 11:27:48 PM
I'm keeping an eye on VeChain (VET).

It's performed extremely well for me so far and I think there's a good chance it go to at least $1.00 in this bull cycle from a current $ 0.22.

If it gets listed on Coinbase, the price could also skyrocket.

Some more optimistic forecasts I've seen are $3.00 to $5.00.

Good call holding as well
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 22, 2021, 02:58:39 AM
Quote from: obsidian on April 22, 2021, 12:36:39 AM
Ethereum went up to $2,504 again today. Ethereum's price really should be at around $5,000-$6,000 with Bitcoin sitting above $50,000.

Ethereum's circulating supply is around 115.12 million. Bitcoin's circulation supply is 18.69 million. That means ETH's supply is 6.15 times that of BTC. And with EIP-1559 ETH's inflation will be stopped in its tracks. One could argue that ETH's token value should be 1/6th of Bitcoin's. $54,000 / 6 = $9,000. $2,400-$2,500 is really laughable when you consider the fundamentals of Ethereum.

https://www.kitco.com/news/2021-04-21/Dogecoin-and-Ethereum-one-of-these-is-very-very-undervalued-Ran-Neuner.html

Ethereum’s value lies in not just its technological capabilities, but also in its network effect, said Ran Neuner, co-founder of Crypto Banter, host of CNBC’s Crypto Trader and CEO of OnChain Capital.

Speaking to Michelle Makori, editor-in-chief for Kitco News, Neuner said that should Ethereum be priced using comparable network metrics as Bitcoin, the price should be several times higher.

“If you compare where the Ethereum network is versus the Bitcoin network, and you say on a like-for-like basis, what should Ethereum be trading at? You get a valuation, according to Metcalfe’s Law, of Ethereum at about $6,000,” he said.

Ethereum is currently trading $2,400, and is therefore “very, very underpriced,” Neuner noted.

However, the similarities between Bitcoin and Ethereum end there.

“I think comparing Bitcoin to Ethereum is a very bad thing…that’s like comparing gold to Amazon,” he said. “The only thing is that they’re both crypto currencies and they’re both used on blockchain but they’re two completely different things. Bitcoin is a store of value, it’s a value transfer between me and you. That’s what Bitcoin does and it does it really well. Ethereum, however, is a world supercomputer that is decentralized.”

On Dogecoin, Neuner said that the crypto that skyrocketed more than 500% in less than three days in mid-April has no intrinsic value and is a pure speculation play.

“Dogecoin is at best a meme coin. It is a useless piece of technology, which is not very secure. It was designed as a joke, it was designed as a meme. They called it a small change coin,” he said. “It was designed badly on purpose.”

Additionally, unlike Bitcoin, there isn’t a finite amount of Dogecoin as more of it can be created. Neuner compared this feature to the U.S. dollar, another currency that does not have a hard cap on supply, which he also referred to as a “meme coin.”

Dogecoin’s popularity was driven up in part by TikTokers, who see this is a kind of “freedom coin,” according to Neuner.

“What happens next? One of two things: one, it crashes, all these TikTokers get wiped out, and it’s just another one of these pump and dump schemes. Dogecoin has done [this] several times since 2017, it goes up, and then it somehow goes down. Or two, the TikTok generation actually adopts this as their cryptocurrency,” he said.



Doge is at 26 cents. My dream is coming true. Burn in hell doge. Lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 22, 2021, 03:18:02 AM
Crypto Hulk!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 22, 2021, 03:18:58 AM
Quote from: Bindare_Dundat on April 22, 2021, 02:58:39 AM
Doge is at 26 cents. My dream is coming true. Burn in hell doge. Lol
Lol we'll see. Doge to the Moon!!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 22, 2021, 03:30:52 AM
Quote from: Mayday on April 21, 2021, 11:02:36 PM
CPI is the metric used for business to justify wage inflation.

The fundamental is supply/demand which sets the initial salary band as you say but after that the business economy and govts use CPI for annual wage increase calculations and forecasts.

We don’t have ‘wage price discovery’ on an annual basis. We all know what we are worth due to the massive amount of job data available. Once employed, you get CPI annual increases for the vast majority.

You know that Mr picky lol. It’s acceptable To talk in broader terms yeah?

The prime metric an employer uses in determining wages they offer is supply and demand. If the supply of workers of the type they need is low, they of course will need to offer more to get such workers. Regardless of what CPI is. Similarly if the supply of such workers is high, then those workers aint getting a wage increase, regardless of how CPI is.

Also, in practice, CPI is not an inherent or objective metric (although theoretically it could be). There is no single uniform or global "CPI" formula, so to speak of. Practically, its entirely dependent on what things you wish to measure, and how you measure it. So your own personal measured "CPI", vs mine, vs that from a welfare agency vs that provided as an official government CPI agency will all be very different. If what you care about (or your "basket") is the averaged cost of McDonalds, gasoline for your carm Netflix and Nike sneakers, your measurement will be very different to if your basket consisted of the cost buying a house, private medical care, Bitcoin and equities.

Governments currently have an inherent narrative to make people think things are not going up, hence many cost components are excluded, are removed, replaced etc to help achieve giving people this belief. So, we tell people that inflation is very low, but the reality is of course very different. And we don't necessarily decrease wages (as that would make people feel poorer). Instead we do this via stealth by printing more money (and then trying to convice people that doing so will not have an inflationary effect).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 22, 2021, 03:32:13 AM
Quote from: Bindare_Dundat on April 22, 2021, 02:58:39 AM
Doge is at 26 cents. My dream is coming true. Burn in hell doge. Lol

Well, I did warn you... :)

All these alts can boom and bust. Fun when booming, but vast vast majority will fade to zero.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 22, 2021, 04:08:05 AM
Ethereum new ATH $2,528. Let's go to $3,000!

EDIT: Make that $2,538.86
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 22, 2021, 04:13:55 AM
Quote from: gib on April 22, 2021, 03:30:52 AM
Snip

you’ve gone off on a bit of a tangent dude. There is no free lunch, wages get crushed in this scenario every single time throughout history.

In my P&L I have set CPI for annual wage increase. This is while working for global consumer brands in my country. I hate to tell you but we use a CPI globally as a standard annual review method.

Wage guidelines are set by the company which are low-mid-high tier guidelines and follow industry standards. Again, normal and set.

We do not review supply/demand when hiring or adjust salaries because only 10 applicants applied instead of 100. It’s generally mid tier wage and we have never had a problem hiring in decades.

Where the supply/demand argument falls over is when the system breaks down. Business will not increase wages and People simply refuse to work due to low wages. Weimar Germany, 1940s, 1970s protests by those wanting higher pay, protests by those wanting jobs. Business sat tight on wages and crushed the workers.

There was data released just these last 2 weeks about this very thing showing growing job vacancies vs wage offers decreasing.

Supply/demand rules dictate they resolve it meanwhile in the real world businesses are refusing to increase their wages and are going down the path of reduced staff.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 22, 2021, 05:12:23 AM
Quote from: Mayday on April 22, 2021, 04:13:55 AM
you’ve gone off on a bit of a tangent dude. There is no free lunch, wages get crushed in this scenario every single time throughout history.

In my P&L I have set CPI for annual wage increase. This is while working for global consumer brands in my country. I hate to tell you but we use a CPI globally as a standard annual review method.

Wage guidelines are set by the company which are low-mid-high tier guidelines and follow industry standards. Again, normal and set.

We do not review supply/demand when hiring or adjust salaries because only 10 applicants applied instead of 100. It’s generally mid tier wage and we have never had a problem hiring in decades.

Where the supply/demand argument falls over is when the system breaks down. Business will not increase wages and People simply refuse to work due to low wages. Weimar Germany, 1940s, 1970s protests by those wanting higher pay, protests by those wanting jobs. Business sat tight on wages and crushed the workers.

There was data released just these last 2 weeks about this very thing showing growing job vacancies vs wage offers decreasing.

Supply/demand rules dictate they resolve it meanwhile in the real world businesses are refusing to increase their wages and are going down the path of reduced staff.

I don't dispute that some companies (and unions also) use a CPI measurement as a benchmark for salary adjustments and negotiations. But as a businessman, I can tell you it ALWAYS comes down to supply and demand in the long run. Anyone who runs a business will confirm this. If not, you won't survive as a successful and competitive company.

In the industries I operate and invest in, primarily tech and finance, we pay what the market demands. We track what competitors pay, and we track retention rate. We pay zero attention to any kind of Government CPI calculation.

You don't pay more than you need to for the maximum output, Common sense, and basic economics. For non-competitive employee wage slaves (such as Government civil servants), CPI of course is something that is more commonly used and followed for annualized increases.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 22, 2021, 05:15:20 AM
Quote from: obsidian on April 22, 2021, 04:08:05 AM
Ethereum new ATH $2,528. Let's go to $3,000!

EDIT: Make that $2,538.86

yeah, its kicking ass right now. i doubled my bags when the price tanked so this is awesome. just about ready to take some profit.  itll get to 5k for sure this year.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on April 22, 2021, 07:34:27 AM
Jackson, Tennessee to Adopt Bitcoin, May Mine and Hold $BTC on Its Balance Sheet

Mayor Scott Conger of Jackson Tennessee has plans to begin using cryptocurrency within the city. The Mayor also said that the city is exploring giving its employees the option to be paid in crypto as well as mining Bitcoin and keeping it on the city's balance sheet.

"What does the future of cryptocurrency look like for the city of Jackson? We're exploring payroll conversions for our employees. Even more exciting - we're seriously exploring mining Bitcoin to add to our Balance sheet," said the Mayor in a tweet.

The Mayor made his interest in cryptocurrency even more clear when he changed his Twitter picture to include laser eyes, a popular trend among those involved in the crypto-twitter community.

The Mayor's move joins Jackson TN with the city of Miami FL and some of its surrounding counties. The city of Miami has started to allow its employees to be paid in crypto. Miami-Dade, a county within the metropolitan area, also started to review ways the use of cryptocurrency can make life more efficient.

Mayor Conger tweet that cryptocurrency allows its users a way to bridge the gap of inequality. He also mentioned that the city will be working with The Black Wall Street, a black-owned company that provides a digital wallet for Bitcoin and Ethereum, "to bring cryptocurrency and financial empowerment to Jackson."



https://www.thestreet.com/crypto/bitcoin/jackson-tennessee-to-hold-bitcoin-and-pay-employees-in-cryptocurrency
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on April 22, 2021, 10:15:36 AM
https://bitcoinist.com/fmr-goldman-sachs-exec-struggles-not-to-sell-his-bitcoin-for-ethereum/

Fmr Goldman Sachs Exec “Struggles” Not to Sell His Bitcoin For Ethereum

With a 7% increase over the past day and a 53.4% in the monthly chart, Ethereum trades at $2.636,08 and seems to be leading this alt season. Former Goldman Sachs executive, Raoul Pal, has shared data to demonstrate the bullish case is real and ETH’s potential to push into uncharted territory for the rest of 2021.

Up 10% against Bitcoin (BTC), ETH operates as the cryptocurrency to price “anything up in DeFi, NFT, community tokens or even metaverse world”, said Pal. Most of the crypto space’s current trends are based on Ethereum and seem to be blooming. In particular, DeFi has seen impressive growth.

Data from DeFi Pulse shows this sector reached an all-time high in Total Value Locked (TVL) on April 15th, when it reached $62 billion. Although it registered a small decline over the past week, this metric stands at $60.01 billion with its top 3 DeFi protocols (MakerDAO, Compound, Uniswap) with a TVL of over $24 billion. Pal said:

ETH is rapidly becoming the currency of the digital world and BTC is the pristine collateral and base layer.

The former Goldman Sachs executive added that ETH space registered a 100% Year on Year (YoY) growth, as seen in the chart below. In contrast, BTC’s YoY growth stands at 50%. Also, Ethereum has been “attracting a massive proportion of the developer talent and applications”.

Ethereum dominates in BTC/ETH pair
Back to the BTC/ETH pair chart for the past 3 years, Pal believes ETH has reached “an enormous, rounded bottom”. In a previous analysis, Pal said ETH has outperformed BTC by 250% since 2015 when the former cryptocurrency was launched. Ethereum has a network effect capable of providing this token with a sustained rally in BTC terms, Pal added.

As a bonus, ETH 2.0 will improve the platform’s scalability, fee cost, and reduce the supply of the cryptocurrency. Raoul Pal said:

At this point in the risk cycle and with ETH 2.0 coming (cheaper fees and less supply), I’m struggling to not sell all my BTC to move my entire core position to ETH.  To be clear – I’m a massive BTC bull, but I think ETH is the better asset allocation for performance right now.

At the time of writing, ETH is breaking ATH barriers and continues to pump in the daily chart. In terms of market cap, ETH is close to surpassing PayPal’s. The cryptocurrency’s market cap stands at $304 billion. As analyst Ali Martinez noted, there has been a significant spike in the number of whales active in Ethereum’s network.

After the weekend flash crash, investors with over 10,000 and 100,000 ETH saw an important rise. Therefore, Whales bought the dip and increased ETH buying pressure leading to the current price action. In response to Pal’s argument, trader Peter Brandt said: “Raoul, I see it the same way”.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 22, 2021, 10:29:24 AM
https://cointelegraph.com/news/ripple-co-founder-thinks-bitcoin-should-move-away-from-proof-of-work

Ripple co-founder thinks Bitcoin should move away from proof-of-work

Bitcoin code contributors need to consider a move away from the cryptocurrency’s proof-of-work consensus mechanism, Ripple co-founder Chris Larsen argued.

In a Wednesday blog post, Larsen outlined major PoW-related vulnerabilities, noting growing concerns over Bitcoin’s carbon footprint. According to the executive, PoW-based coins like Bitcoin (BTC) should consider a code change to carbon-neutral validation methods like proof-of-stake or federated consensus, or something yet to be developed.

“I would argue that such a change is critically important for Bitcoin to remain the world’s dominant cryptocurrency. PoW’s current energy demands and carbon footprint are already unsustainably high, with Bitcoin alone consuming an average of 132 TWh a year — equivalent to roughly 12 million U.S. homes,” Larsen noted.

The co-founder pointed out that non-PoW altcoins — including Ethereum’s anticipated switch to proof-of-stake — make up 43% of all cryptocurrencies by market capitalization, with many new coins choosing to avoid PoW. “It’s clear which way the trend is moving,” he stated.

Larsen mentioned that the XRP ledger has been using federated consensus to secure its network and validate transactions for about nine years. “It’s closed 62+ million ledgers without downtime, uses the energy equivalent of just 50 U.S. homes per year,” he noted. Some new successful altcoins like Binance’s native token Binance Coin (BNB) also operate a version of PoS, Larsen said.

Larsen’s remarks come amid a significant drop in Bitcoin’s dominance on cryptocurrency markets. In March, the Bitcoin Dominance Index dropped below 60% for the first time since October 2020. As the altcoin market gains momentum, Bitcoin continues to lose its share of the market, with the dominance index falling to 50.7% on Wednesday.

There has been a long-running debate between proponents of PoW and PoS, with the latter’s advocates seeing mining energy costs as the biggest problem for PoW. The Bitcoin and Monero community — some of the biggest PoW proponents — often argue that PoS cannot reach the level of security and decentralization provided by PoW.

Niklas Nikolajsen, the founder of Swiss crypto broker Bitcoin Suisse, predicted that Bitcoin will shift to PoS once the Ethereum network proves the algorithm’s success.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 22, 2021, 10:38:56 AM
Quote from: Bindare_Dundat on April 22, 2021, 05:15:20 AM
yeah, its kicking ass right now. i doubled my bags when the price tanked so this is awesome. just about ready to take some profit.  itll get to 5k for sure this year.
It's consolidating now but went up to $2,691.95.

Bitboy Crypto is a little worried that Bitcoin is not moving much and Ethereum is pumping. Remember December 2017 - January 2018?! Damn I still have nightmares about how that played out.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 22, 2021, 10:52:26 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on April 22, 2021, 10:54:13 AM
Did you ever see that documentary on Ethereum that someone posted on here.  Some little ex russian country went all in on it years ago.  They are probably laughing their asses off now.  Bunch of rich country folk
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 22, 2021, 11:49:12 AM
Quote from: obsidian on April 22, 2021, 10:38:56 AM
It's consolidating now but went up to $2,691.95.

Bitboy Crypto is a little worried that Bitcoin is not moving much and Ethereum is pumping. Remember December 2017 - January 2018?! Damn I still have nightmares about how that played out.



I sold 25% @ $2561.

you mean when Eth got dumped and BTC pumped again?  is that what youre referring to?  i dont watch that dude.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on April 22, 2021, 12:06:10 PM
Quote from: Bindare_Dundat on April 22, 2021, 11:49:12 AM
I sold 25% @ $2561.

you mean when Eth got dumped and BTC pumped again?  is that what youre referring to?  i dont watch that dude.

You don't like Bitboy?  ???

 ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on April 22, 2021, 12:47:16 PM
Quote from: obsidian on April 22, 2021, 12:36:39 AM



I'd touch her with my coins
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on April 22, 2021, 01:49:32 PM
Basically, swapping your BTC for ETH and altcoins to increase your BTC while Bitcoin dominance is at lower levels and we could see an altcoin season. ETH could still 10x.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 22, 2021, 01:53:41 PM
BTC taking a huge dump right now. Dont think this is gonna recover as soon as predicted.

ill be taking profits as we start bumping back up. 

50.3 k suppoort.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on April 22, 2021, 02:39:05 PM
Don't know if you guys noticed, but Biden is proposing an increase to the capital gains tax from the marginal 15-20% after a year of holding assets (stocks, real estate, crypto etc) up to 30-40% even after a year of holding assets. This tax is proposed for the wealthiest Americans that make over $1 Million per year and it's intended in order to fund the American Families Plan.

No wonder all exchanges (Dow, Nasdaq, S&P) and the entire crypto market is getting shit on. All institutional investors are selling hard!

I swear, socialism with a quick jump into communism is just around the corner for the USA.

https://www.google.com/amp/s/www.cnbc.com/amp/2021/04/22/biden-to-propose-capital-gains-tax-hike-to-fund-education-and-child-care.html (https://www.google.com/amp/s/www.cnbc.com/amp/2021/04/22/biden-to-propose-capital-gains-tax-hike-to-fund-education-and-child-care.html)

Buy on the dip gentlemen...

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 22, 2021, 04:01:30 PM
Quote from: OneMoreRep on April 22, 2021, 02:39:05 PM
Don't know if you guys noticed, but Biden is proposing an increase to the capital gains tax from the marginal 15-20% after a year of holding assets (stocks, real estate, crypto etc) up to 30-40% even after a year of holding assets. This tax is proposed for the wealthiest Americans that make over $1 Million per year and it's intended in order to fund the American Families Plan.

No wonder all exchanges (Dow, Nasdaq, S&P) and the entire crypto market is getting shit on. All institutional investors are selling hard!

I swear, socialism with a quick jump into communism is just around the corner for the USA.

https://www.google.com/amp/s/www.cnbc.com/amp/2021/04/22/biden-to-propose-capital-gains-tax-hike-to-fund-education-and-child-care.html (https://www.google.com/amp/s/www.cnbc.com/amp/2021/04/22/biden-to-propose-capital-gains-tax-hike-to-fund-education-and-child-care.html)

Buy on the dip gentlemen...

"1"

Porbably wont happen after this tantrum.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on April 22, 2021, 04:16:02 PM
Quote from: Bindare_Dundat on April 22, 2021, 04:01:30 PM
Porbably wont happen after this tantrum.

Shows how speculative our markets are. Joe Biden is going to propose this change to the capital gains tax. Congress has to vote/approve for this to pass. The sheer amount of lobbyists that the rich have, which lean heavily against members of congress, is overwhelming. I don't think it will come to fruition, but the way America is heading, nothing would surprise me.

Keep in mind that even if this change to the capital gains tax occurs, only Americans making more than $1 Million per year would be affected.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on April 22, 2021, 04:17:41 PM
They’re trying to level down the market
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on April 22, 2021, 05:27:37 PM
Quote from: OneMoreRep on April 22, 2021, 04:16:02 PM
Shows how speculative our markets are. Joe Biden is going to propose this change to the capital gains tax. Congress has to vote/approve for this to pass. The sheer amount of lobbyists that the rich have, which lean heavily against members of congress, is overwhelming. I don't think it will come to fruition, but the way America is heading, nothing would surprise me.

Keep in mind that even if this change to the capital gains tax occurs, only Americans making more than $1 Million per year would be affected.

"1"

So Joe wants to tax the wealthy elite who put him in power? Sounds like noise  to me.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 22, 2021, 07:19:38 PM
Quote from: OneMoreRep on April 22, 2021, 02:39:05 PM
Don't know if you guys noticed, but Biden is proposing an increase to the capital gains tax from the marginal 15-20% after a year of holding assets (stocks, real estate, crypto etc) up to 30-40% even after a year of holding assets. This tax is proposed for the wealthiest Americans that make over $1 Million per year and it's intended in order to fund the American Families Plan.

No wonder all exchanges (Dow, Nasdaq, S&P) and the entire crypto market is getting shit on. All institutional investors are selling hard!

I swear, socialism with a quick jump into communism is just around the corner for the USA.

https://www.google.com/amp/s/www.cnbc.com/amp/2021/04/22/biden-to-propose-capital-gains-tax-hike-to-fund-education-and-child-care.html (https://www.google.com/amp/s/www.cnbc.com/amp/2021/04/22/biden-to-propose-capital-gains-tax-hike-to-fund-education-and-child-care.html)

Buy on the dip gentlemen...

"1"

The wealthiest 1% of Americans, who really control politics, are all fine. They have money off-shore, tax effective structures, etc.

But the level below that top 1%, the top 20% upper/high middleclass. They will get hit hard. Smart politics by Biden - keep the masses happy, keep the elite happy.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 22, 2021, 07:22:35 PM
Quote from: gib on April 20, 2021, 05:59:01 AM
A lot of those reddit guys are trading long on massive leverage on DOGE. So that can push up market cap. Boy boy will it collapse on itself once everyone gets liquidated. Mark my words...

Well, I did warn you ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 22, 2021, 07:29:37 PM
Quote from: gib on April 22, 2021, 07:22:35 PM
Well, I did warn you ...

48.5k btc.

Blood in the streets

Did you sell gib?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 22, 2021, 07:51:56 PM
Quote from: Bindare_Dundat on April 22, 2021, 07:29:37 PM
48.5k btc.

Blood in the streets

Did you sell gib?

Long term hodl for me. Quite prepared to hold even if back down to 5K lol!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 22, 2021, 07:53:28 PM
The long term case for BTC as a pristine store of value is very sound. But the alt-holders, wow will they get brutally raped at some point in time...

There will always be the latest "big thing" and a great "new tech story" among the top 6 alts that will rotate as various new ones come and go and fade away. Very hard to play the alt game unless you are connected with the alt creators, or unless you are a very disciplined and skillful short term trader. (Very easy to kid yourself that you are, but vast vast majority are not, and they learn that lesson over time).

The alt-rape is a lesson newcomers learn every cycle after which they say "never again do I want my virgin alt anus brutalized like that again"(even though I though I would enjoy it at first). lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 22, 2021, 08:22:28 PM
My Eth sell  was 100 bucks from ath. Couldnt ask for better than that.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 22, 2021, 08:23:52 PM
Quote from: Bindare_Dundat on April 22, 2021, 08:22:28 PM
My Eth sell  was 100 bucks from ath. Couldnt ask for better than that.

Nice!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 22, 2021, 10:02:35 PM
I didn’t think this was US driven today because it’s in Asian hours when I am operating.

In previous attacks they have been around 1am my time and it’s US. Very rarely do I see Asia hours attacks.l but it happens.

Don’t forget China just shutdown their mining and then dumped coins on exchanges to trigger this wave. Then their govt comes out to say they will look into BTC as future investment, a couple of days later a huge attack during Asia hours......

Gib?  You are in Hong Kong or something yeah? Thoughts?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on April 22, 2021, 10:18:30 PM
Quote from: gib on April 22, 2021, 07:19:38 PM
The wealthiest 1% of Americans, who really control politics, are all fine. They have money off-shore, tax effective structures, etc.

But the level below that top 1%, the top 20% upper/high middleclass. They will get hit hard. Smart politics by Biden - keep the masses happy, keep the elite happy.

Sounds like the approach in South Africa, give the impoverished masses some crumbs so they keep voting for the ruling party, but stay poor enough and reliant, while hitting the shrinking and already over-taxed middle class the hardest, the top 1% are not affected.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 23, 2021, 12:25:34 AM
Quote from: gib on April 22, 2021, 07:19:38 PM
The wealthiest 1% of Americans, who really control politics, are all fine. They have money off-shore, tax effective structures, etc.

But the level below that top 1%, the top 20% upper/high middleclass. They will get hit hard. Smart politics by Biden - keep the masses happy, keep the elite happy.

Weimar Germany the wealthy loved the printing post WWI because they became disgustingly wealthy.

Why leave when you become so wealthy? Oh yeah, can’t buy food anymore because nobody wants to pay the wages to workers.....

While the printing went on, Productivity dropped like a rock under a deflationary wage spiral which is what caused all the food and goods shortages. Middle class and poor crushed followed by raiding the wealthy who had to flee to save their lives.


Hey I need to message you at some point to discuss some offshore stuff.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 23, 2021, 01:55:35 AM
Quote from: Mayday on April 22, 2021, 10:02:35 PM
I didn’t think this was US driven today because it’s in Asian hours when I am operating.

In previous attacks they have been around 1am my time and it’s US. Very rarely do I see Asia hours attacks.l but it happens.

Don’t forget China just shutdown their mining and then dumped coins on exchanges to trigger this wave. Then their govt comes out to say they will look into BTC as future investment, a couple of days later a huge attack during Asia hours......

Gib?  You are in Hong Kong or something yeah? Thoughts?

What attack are you referring to?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on April 23, 2021, 01:55:46 AM
what is going on with crypto right now? it is a blood bath
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 23, 2021, 02:27:57 AM
Quote from: FitnessFrenzy on April 23, 2021, 01:55:46 AM
what is going on with crypto right now? it is a blood bath

No idea,  some say the purposed taxes but the taxes don't affect the world so not sure why its dumping this badly.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on April 23, 2021, 02:57:52 AM
Quote from: Bindare_Dundat on April 23, 2021, 02:27:57 AM
No idea,  some say the purposed taxes but the taxes don't affect the world so not sure why its dumping this badly.

Because it’s a Pump and Dump.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: keanu on April 23, 2021, 03:08:01 AM
Quote from: FitnessFrenzy on April 23, 2021, 01:55:46 AM
what is going on with crypto right now? it is a blood bath
   Crypto has gone up several thousand percent in some cases, it is going to come down hard in the short term .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on April 23, 2021, 03:14:21 AM
Quote from: keanu on April 23, 2021, 03:08:01 AM
   Crypto has gone up several thousand percent in some cases, it is going to come down hard in the short term .

But the greater public only got on board recently. Most of the people who bought this year are currently holding the bag.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: keanu on April 23, 2021, 03:38:29 AM
Quote from: Thin Lizzy on April 23, 2021, 03:14:21 AM
But the greater public only got on board recently. Most of the people who bought this year are currently holding the bag.

FOMO happened just like it did earlier for growth stocks. The biggest gains happen during FOMO but once the herd is in and things have gone up too fast you inevitably get the fall. Very hard to time. It started over the weekend, and has gone fast. I sold out yesterday . It has been a life changing year. Whether it goes up or down from here, the gain for less that a year was 10-15 years worth of gains.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 23, 2021, 03:39:54 AM
Quote from: Bindare_Dundat on April 23, 2021, 01:55:35 AM
What attack are you referring to?

What I wrote.

When a country turns off it’s BTC mining, crushes the hash rate and dumps 9,000 coins on exchanges to crash the price, what would you call it?

This is infrastructure manipulation, not just a dumping of coins to manipulate price.

We were at 65k surging like a mofos and they turned it off....... This is what China do. I know of a number of infrastructure attacks in my country done by China which were successful but just labelled as outages of whatever fault (I won’t disclose what).


The other news getting around is just extra FUD that sent it down further and made it worse.

This just so happens to have taken place days after PayPal CEO told congress they needed to adopt Bitcoin to prevent China using it as a weapon.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 23, 2021, 03:55:42 AM
I'm in a leveraged long since 47.8. Fuck it. Lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 23, 2021, 03:59:35 AM
Quote from: Mayday on April 23, 2021, 03:39:54 AM
What I wrote.

When a country turns off it’s BTC mining, crushes the hash rate and dumps 9,000 coins on exchanges to crash the price, what would you call it?

This is infrastructure manipulation, not just a dumping of coins to manipulate price.

We were at 65k surging like a mofos and they turned it off....... This is what China do. I know of a number of infrastructure attacks in my country done by China which were successful but just labelled as outages of whatever fault (I won’t disclose what).


The other news getting around is just extra FUD that sent it down further and made it worse.

This just so happens to have taken place days after PayPal CEO told congress they needed to adopt Bitcoin to prevent China using it as a weapon.

Where did you hear about China being the source of dumping 9000 coins? And the China mining thing means nothing.

 turning off miners does fuck all to BTC .. doesnt affect it what so ever.

It just means theres less opportunity to solve a block from China

The only threat mining has is that if someone owns more than 51% then is hypothetically possible to manipulate the block.. the problem with that scenario is that if someone does the rest of the network would not only know but it would destroy its value... Meaning the millions in infrastructure and equipment would be worthless. So nobody really wants to do that.. its the mutually assured destruction theory in POW
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 23, 2021, 04:23:47 AM
I'm.on a crypto protest.

I won't stop deadlifting until you assholes get the btc price back up to 64k


Eye of tiger! Let's go!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 23, 2021, 04:28:16 AM
Quote from: Bindare_Dundat on April 23, 2021, 03:59:35 AM
Where did you hear about China being the source of dumping 9000 coins? And the China mining thing means nothing.

 turning off miners does fuck all to BTC .. doesnt affect it what so ever.

It just means theres less opportunity to solve a block from China

The only threat mining has is that if someone owns more than 51% then is hypothetically possible to manipulate the block.. the problem with that scenario is that if someone does the rest of the network would not only know but it would destroy its value... Meaning the millions in infrastructure and equipment would be worthless. So nobody really wants to do that.. its the mutually assured destruction theory in POW

Price follows hash rate.

Turning off mining (or blackout) drops the hash rate and crashes the price.

It’s all good, I’m just looking at stuff from different angles. Hope we get back on track in the next 10 days!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 23, 2021, 04:36:30 AM
Quote from: Mayday on April 23, 2021, 04:28:16 AM
Price follows hash rate.

Turning off mining (or blackout) drops the hash rate and crashes the price.

It’s all good, I’m just looking at stuff from different angles. Hope we get back on track in the next 10 days!

Yeah, lm immune to all this shit. Been here before and lived. This won't be any different. Just need time .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Gitur on April 23, 2021, 06:29:14 AM
blah blah blah been here before stop crying things will pump again, this is what happens when nobody works and everyone is stuck at home lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 23, 2021, 12:06:39 PM
https://finance.yahoo.com/news/no-ethereum-killers-while-says-055419013.html

As Ethereum (ETH) gas fees continue to escalate, there has been a migration to faster networks, but none of them have been able to “kill ETH” yet, according to Weiss Crypto.

Market analysis and risk rating firm Weiss Crypto has reported that Ethereum has made a solid recovery from the fourth market correction in the current cycle.

At the time of writing, ETH was trading up 4.3% on the day, topping $2,400 again and just 5.7% off its all-time high (ATH). Bitcoin (BTC), conversely, was heading in the opposite direction, dropping 3.6% on the day and trading at $53,750, 17% down from its ATH. Weiss commented:

    “This show of strength from the number two cryptocurrency is very assuring for this current altcoin season and is an extremely bullish sign of things to come for alternative crypto investments. We’re doubling down on our call for altcoin season now.”

No ETH killers

The ratings firm also asserts that there will be no “Ethereum killers” for some time, despite the emergence of a large number of rival blockchains that are faster and cheaper to use.

In a tweet on April 21, Weiss stated that it was “highly skeptical” about other Layer 1 networks catching up to Ethereum:

“Some say that other L1s are “catching up to ETH,” but we’re highly skeptical. It’s the same story from 2017 where wannabe $ETH killers sacrificed all semblance of decentralization to be cheaper and faster.”

The firm added that many of these rivals do not hold a candle to Ethereum, and the only hope for some of these alternatives is to become a sidechain to ETH.

Weiss commented that Ethereum rivaling blockchains launched or hyped during the previous cycle, such as EOS and NEO, have not lived up to their claims of being able to “kill ETH.”

The largest rival to Ethereum at the moment is Binance Smart Chain (BSC) and even that began to show signs of strain under the increased demand this week. The network’s top DEX PancakeSwap commented that BSC was “overloaded,” following complaints from users regarding failed transactions and errors.

According to researchers at SIMETRI, BSC could go the same way as EOS as building larger “pipes” for faster transactions doesn’t necessarily solve the scalability issues. BSC has already been questioned over its validator centralization and without storage, computing, and availability upgrades it may eventually go the way of all the Ethereum killers before it.

Ethereum gets an A-

Weiss currently ranks ETH overall as A-, which is what it also gives to Bitcoin. Its closes competitor in terms of ranking by the company is Cardano (ADA) which gets a B- for technology and adoption. Polkadot (DOT), which could be considered as a serious contender to rival Ethereum, comes in with a C+, according to Weiss.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 23, 2021, 12:08:14 PM
Quote from: Bindare_Dundat on April 23, 2021, 04:36:30 AM
Yeah, lm immune to all this shit. Been here before and lived. This won't be any different. Just need time .
Are you buying the dip?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 23, 2021, 12:17:23 PM
Quote from: Mayday on April 23, 2021, 04:28:16 AM
Price follows hash rate.

Turning off mining (or blackout) drops the hash rate and crashes the price.

It’s all good, I’m just looking at stuff from different angles. Hope we get back on track in the next 10 days!
My ETH mining yields picked up the past week. The 2 weeks prior to that were not as good. I have over 1.5 Gh/s of hash rate now spread throughout the house. Another nice development is that used graphics cards are now selling for premium prices. I might be able to sell them for what I paid new 3 years ago! I saw one guy on Ebay selling just a 3090 retail box with manual for $250 without the card lol! Good power supplies, motherboards and mining rig cases are also commanding good prices since there is a huge shortage and high demand for equipment.

I have two RTX 3090s and one has almost paid for itself already mining Ethereum the past 5-6 months. One 3090 does not mine 24/7 because I sometimes use the computer. But it is actually quite usable while mining. I can watch multiple 4K youtube videos @ 60fps while it is mining Ethereum! The hash rate might drop from 120 Mh/s down to 95-98 Mh/s but that's still impressive. For reference a 1080 ti currently maxes out at about 46-48 Mh/s and a 1070ti 33.5 Mh/s without any other computational loads like playing videos etc. There's 1000 Mh/s in 1 Gh/s.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on April 23, 2021, 12:18:21 PM
Quote from: keanu on April 23, 2021, 03:38:29 AM
FOMO happened just like it did earlier for growth stocks. The biggest gains happen during FOMO but once the herd is in and things have gone up too fast you inevitably get the fall. Very hard to time. It started over the weekend, and has gone fast. I sold out yesterday . It has been a life changing year. Whether it goes up or down from here, the gain for less that a year was 10-15 years worth of gains.


Smartest person in here, haha.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on April 23, 2021, 12:22:02 PM
Gib watching ETH vs precious BTC ratio.


(https://media1.tenor.com/images/8b9f5492d2965bc8f0f36631bbb71cde/tenor.gif?itemid=3432803)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on April 23, 2021, 12:44:45 PM
Quote from: SOMEPARTS on April 23, 2021, 12:22:02 PM
Gib watching ETH vs precious BTC ratio.


(https://media1.tenor.com/images/8b9f5492d2965bc8f0f36631bbb71cde/tenor.gif?itemid=3432803)

 ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 23, 2021, 01:17:20 PM
Quote from: obsidian on April 23, 2021, 12:08:14 PM
Are you buying the dip?

I'm gonna give it a bit.more.time and see how the momentum goes but I will be filling up.my bags more for sure if its positive.

I'm still on my long trade. Yoohoo

Take profits on the way up guys.

Eth still hasnt even broken its up trend yet. even after this dump. lol wow
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 23, 2021, 02:22:11 PM
Bitboy just tweeted someone bought 1B.

Any ideas who that might be or is he talking sheeeeit?

Long wicks on these dumps so someone is buying it up hard.

I have the wick floor estimate at 45.6k but I can’t see a day close below a 48k price. Too much buying pressure right now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on April 23, 2021, 02:41:04 PM
Quote from: Mayday on April 23, 2021, 02:22:11 PM
Bitboy just tweeted someone bought 1B.

Any ideas who that might be or is he talking sheeeeit?

Long wicks on these dumps so someone is buying it up hard.

I have the wick floor estimate at 45.6k but I can’t see a day close below a 48k price. Too much buying pressure right now.

Likely full of shit, but if someone did, likely institutional traders or someone like Musk.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 23, 2021, 03:35:39 PM
Quote from: Mayday on April 23, 2021, 02:22:11 PM
Bitboy just tweeted someone bought 1B.

Any ideas who that might be or is he talking sheeeeit?

Long wicks on these dumps so someone is buying it up hard.

I have the wick floor estimate at 45.6k but I can’t see a day close below a 48k price. Too much buying pressure right now.
Walmart?

https://marketrealist.com/p/walmart-buying-bitcoin/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 23, 2021, 03:38:01 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 23, 2021, 04:54:18 PM
Quote from: Bindare_Dundat on April 23, 2021, 01:17:20 PM
I'm gonna give it a bit.more.time and see how the momentum goes but I will be filling up.my bags more for sure if its positive.

I'm still on my long trade. Yoohoo

Take profits on the way up guys.

Eth still hasnt even broken its up trend yet. even after this dump. lol wow

Sold most of my bitcoin years ago so I'm not saying this out of hope, but I don't think bitcoins run is done. Could still reach 90 to 100k within the next few months. 

I do still have a fair bit of Ethereum, but even if that were to hit 5k soon I don't think I'll sell much. If Eth 2.0 works it could be "the one". Well has the most potential for that title. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on April 23, 2021, 05:04:22 PM
I was considering selling 2-5% of my btc stash end of this year or possibly half my ltc and eth if blockfi lowers their interest rates on my savings account.

Now that's  out the window for years to come. I just got confirmation  that celsius gives out loans available in my region for 1%. Im about to obtain a 700k loan through  them using btc as collateral. Repeat the process as btc appreciates.  No taxes for me thank you.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 23, 2021, 05:30:41 PM
Quote from: Theoak* on April 23, 2021, 05:04:22 PM

Now that's  out the window for years to come. I just got confirmation  that celsius gives out loans available in my region for 1%. Im about to obtain a 700k loan through  them using btc as collateral. Repeat the process as btc appreciates.  No taxes for me thank you.

Something about that doesn't seem right. What happens if the value of bitcoins tanks? That company will be screwed. I'm sure they won't expose themselves to that kinda risk. There must be a catch somewhere.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on April 23, 2021, 07:03:41 PM
I wouldnt advise to risk more than 5% of your collateral. That way if it did tank you could top up your collateral if price doubles you can reverse margin call and they release some of your collateral. LTV is 25%. Its heavily collateralised loans. The business itself only issues 1% of their loans uncollateralised.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 23, 2021, 10:50:23 PM
Good video by Bitboy! Calls Biden an idiot / puppet.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on April 24, 2021, 03:10:35 AM
I'm shocked.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 24, 2021, 06:10:15 AM
Quote from: Humble Narcissist on April 24, 2021, 03:10:35 AM
I'm shocked.

At what?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on April 24, 2021, 06:52:29 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on April 24, 2021, 09:56:35 AM
And despite the 'imminent collapse', institutional investors have been buying large amounts in the recent dips, including Rothschild Investment who have added to their shares in the Grayscale Ethereum Trust and many others who have added Bitcoin and various cryptocurrencies.

We see this over and over again, negative news headlines suddenly coming out as the prices rise, causing a correction from panic selling retail investors and then more buying from the institutional investors when the price drops.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 24, 2021, 10:57:03 AM
Quote from: Griffith on April 24, 2021, 09:56:35 AM
And despite the 'imminent collapse', institutional investors have been buying large amounts in the recent dips, including Rothschild Investment who have added to their shares in the Grayscale Ethereum Trust and many others who have added Bitcoin and various cryptocurrencies.

We see this over and over again, negative news headlines suddenly coming out as the prices rise, causing a correction from panic selling retail investors and then more buying from the institutional investors when the price drops.

Yup still wise to watch how things play out  . Seems that so far we are chilling out at currentbkevel of around 48k to 50k area
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on April 24, 2021, 11:54:20 AM
Quote from: Bindare_Dundat on April 24, 2021, 10:57:03 AM
Yup still wise to watch how things play out  . Seems that so far we are chilling out at currentbkevel of around 48k to 50k area

For sure, I’ve think we’ve got at least one good run left. Either way, if it looks like things are really tanking I will be moving into stablecoins, and then be able to buy more cheaper at a later date.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 24, 2021, 02:32:55 PM
One of my posts earlier I said something has to go wrong. We can’t all win.

I have spent the past week watching it all go horribly wrong..... Social media. Total insanity driving others into a panic.

We only have a handful of days to go.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on April 24, 2021, 03:14:57 PM
Quote from: Mayday on April 24, 2021, 02:32:55 PM
One of my posts earlier I said something has to go wrong. We can’t all win.

I have spent the past week watching it all go horribly wrong..... Social media. Total insanity driving others into a panic.

We only have a handful of days to go.

Whats your definition of wrong? 2017 we had 7 dips around the 30+% range before the run up to 20k.  That run was primarily driven by retail.  Social media is composed of 98% retards, hardly a metric we should be building a basis upon.  Btc is a rich persons game now, big money  big institutions.  I wish poor people would wake up.

You have more insight than most on ebs and flows of money.  I doubt youre worried what social media has to say because big money driving this market are not about to advertise their intentions  on a platform designed for plebs.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 24, 2021, 03:48:07 PM
This might sound a bit odd but give me some leeway as I used to argue this in my work profession at times when things looked too easy.

Ponder:

Let’s say 5% can be winners. If we all know the plan. If we all know the end result. If we all know the course. Why would any of that be correct? It can’t be. That’s the point.

We needed something to break (is go wrong) that shifted things in a way to either change the outcome which could have been trend/price/timeline alterations or something to break behaviour in a manner that left the structure intact.

What I saw was social media being the disruptor which has changed behaviour and allowed the structure to remain intact.

In support of my above observation, a 19% pullback does not equal what we are seeing on social media. My entire feed and the comments are filled with people running for the hills. I haven’t seen anything like it during any other pullback.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 24, 2021, 04:11:01 PM
Putting my tin foil hat on. Is it just coincidence this dip came just before the new batch of stimulus checks went out?

Given businesses are opening up and trying to get back to normal, maybe they want people actually spending it there rather than buying bitcoin or stocks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 24, 2021, 04:34:58 PM
Quote from: Flexacon on April 24, 2021, 04:11:01 PM
Putting my tin foil hat on. Is it just coincidence this dip came just before the new batch of stimulus checks went out?

Given businesses are opening up and trying to get back to normal, maybe they want people actually spending it there rather than buying bitcoin or stocks.

I see market actions driving things and then news is a flow in effect if that makes sense.

In other words, I believe the primary cause of this pullback was China powering down their BTC rigs, crashing the hash rate which crashed the price, 9,000 dumped in exchanges to further crash the price.  After that, the news scared off anyone remaining.

But hey, some might believe the reverse and it was cafes opening that caused the crash. Whatever floats your boat.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on April 24, 2021, 04:50:35 PM
&t=624s

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 24, 2021, 05:50:20 PM
2 Billion worth of crytpo exchange funds went missing in Turkey. International manhunt for the guy that ran the exchange now.

That no doubt compounded this problem.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on April 24, 2021, 05:52:51 PM
Quote from: Bindare_Dundat on April 24, 2021, 05:50:20 PM
2 Billion worth of bitcoin went missing off a Turkish exchange. International manhunt for the guy that ran the exchange now.

That no doubt compounded this problem.

I read about him running off to Albania with $2 Billion worth of investors' money, but I didn't know it was $2 Billion worth in bitcoin.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on April 24, 2021, 05:55:06 PM
Quote from: Mayday on April 24, 2021, 03:48:07 PM
This might sound a bit odd but give me some leeway as I used to argue this in my work profession at times when things looked too easy.

Ponder:

Let’s say 5% can be winners. If we all know the plan. If we all know the end result. If we all know the course. Why would any of that be correct? It can’t be. That’s the point.

We needed something to break (is go wrong) that shifted things in a way to either change the outcome which could have been trend/price/timeline alterations or something to break behaviour in a manner that left the structure intact.

What I saw was social media being the disruptor which has changed behaviour and allowed the structure to remain intact.

In support of my above observation, a 19% pullback does not equal what we are seeing on social media. My entire feed and the comments are filled with people running for the hills. I haven’t seen anything like it during any other pullback.

Fair point, crossed my mind aswell many years ago.  Youre probably  at the stage where youre seeing so much return on your investment that  the old saying "too good to be true " kicks in.  And thats a plausible thought if it were any other investment other than btc IMO.
We wont see another investment opportunity like btc in this life time, most likely ever again.

5% may be winners, but we are at 2.2.5% adoption rate with growth exponentially increasing.  Projected users 1billion by 2025. We are very early.  These 5% winners at this moment are increasing their position. You said it in an earlier post,  probably some entity(ies) had inside info on minining outage and deposited 9000btc into binance.  Hash rate dropped, price tanked. Day later 22000btc left binance and into cold storage.
Watch the next round  of dumps when ETFs start  getting rejected.  Same old story.  Big money increasing their positions using FUD.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 24, 2021, 05:55:09 PM
Quote from: Mayday on April 24, 2021, 03:48:07 PM
This might sound a bit odd but give me some leeway as I used to argue this in my work profession at times when things looked too easy.

Ponder:

Let’s say 5% can be winners. If we all know the plan. If we all know the end result. If we all know the course. Why would any of that be correct? It can’t be. That’s the point.

We needed something to break (is go wrong) that shifted things in a way to either change the outcome which could have been trend/price/timeline alterations or something to break behaviour in a manner that left the structure intact.

What I saw was social media being the disruptor which has changed behaviour and allowed the structure to remain intact.

In support of my above observation, a 19% pullback does not equal what we are seeing on social media. My entire feed and the comments are filled with people running for the hills. I haven’t seen anything like it during any other pullback.

the double spend caused a panic and everyone was screaming sell then too. I can find you a thousand videos that show this.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 24, 2021, 05:57:30 PM
Quote from: OneMoreRep on April 24, 2021, 05:52:51 PM
I read about him running off to Albania with $2 Billion worth of investors' money, but I didn't know it was $2 Billion worth in bitcoin.

"1"

yes, thanks for the correction.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 24, 2021, 06:02:39 PM
Quote from: Bindare_Dundat on April 24, 2021, 05:50:20 PM
2 Billion worth of bitcoin went missing off a Turkish exchange. International manhunt for the guy that ran the exchange now.

That no doubt compounded this problem.

There was another exchange in Turkey that shut down too. Turkey is banning the use of cryptocurrencies to pay for goods and services from 30th April.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 24, 2021, 06:08:11 PM
Quote from: OneMoreRep on April 24, 2021, 05:52:51 PM
I read about him running off to Albania with $2 Billion worth of investors' money, but I didn't know it was $2 Billion worth in bitcoin.

"1"

It's $2 billion of investor assets, so probably crypto.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 24, 2021, 06:09:50 PM
Quote from: Griffith on April 24, 2021, 04:50:35 PM
&t=624s

No offense, but this guy along with the Moon Carl have called jst about every target above 60k you can think of. Id take everything they say with a grain of salt.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on April 24, 2021, 06:28:45 PM
Quote from: Flexacon on April 24, 2021, 06:08:11 PM
It's $2 billion of investor assets, so probably crypto.

Absolutely, every single article written about this is stating that he stole $2 Billion dollars from a Turkish crypto exchange.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 24, 2021, 06:50:38 PM
Quote from: OneMoreRep on April 24, 2021, 06:28:45 PM
Absolutely, every single article written about this is stating that he stole $2 Billion dollars from a Turkish crypto exchange.

"1"

Sort of. It was him who ran the exchange in the first place. Unregulated and a scam from the outset. So, he simply took money, cashed it into BTC, and then disappeared. Very much like pyramid scheme. Had been done countless times with gold in the past. The BTC (or gold) itself is fully secure, but is of course in the wrong hands. Piece of shit that guy was, but also all those desperate fools who trusted him are also to blame. Lesson here - do not use unregulated exchanges, or if you want to really take the risk, get in and out immediately - hodl your coins directly. Not your keys, not your coins.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 24, 2021, 06:53:48 PM
Quote from: Flexacon on April 24, 2021, 06:02:39 PM
There was another exchange in Turkey that shut down too. Turkey is banning the use of cryptocurrencies to pay for goods and services from 30th April.

Impossible to ban in practice. Think about it...

But even if one was to comply with such a "ban" you would simply sell you BTC for Turkish Lira, then make a quick purchase with that rapidly declining fiat currency, and then the recipient simply quickly converts back in to BTC (or USD as they wish and as they are already doing). Idiotic friction in a sales transaction, but legally compliant with such a "ban" and very easily done via the Lightening Network.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 24, 2021, 07:10:48 PM
Quote from: Theoak* on April 24, 2021, 05:55:06 PM
Fair point, crossed my mind aswell many years ago.  Youre probably  at the stage where youre seeing so much return on your investment that  the old saying "too good to be true " kicks in.  And thats a plausible thought if it were any other investment other than btc IMO.
We wont see another investment opportunity like btc in this life time, most likely ever again.

5% may be winners, but we are at 2.2.5% adoption rate with growth exponentially increasing.  Projected users 1billion by 2025. We are very early.  These 5% winners at this moment are increasing their position. You said it in an earlier post,  probably some entity(ies) had inside info on minining outage and deposited 9000btc into binance.  Hash rate dropped, price tanked. Day later 22000btc left binance and into cold storage.
Watch the next round  of dumps when ETFs start  getting rejected.  Same old story.  Big money increasing their positions using FUD.

Yes, this is why we see some early buyers taking "gains" as they readjust they total allocation, and then new buyers coming in as they think prices are "cheaper now" and a good time to "get in". Its always good to help broaden the total user-base which happens each cycle and churn.

Then you get a % of new buyers who bought near the top, who panic sell. These are the same guys who start rebuying at the next peak as they think "prices are going back up again now".

Can we all be winners with an asset like BTC? Answer is yes, just as all those who had purchased property in the past with leverage were big winners over time as currencies devalued. So who were the losers who paid the price? All those who didn't participate, and remained solely in cash. They effectively had their money stolen from them by stealth (devaluation). Not just that but they then keep working for a (devalued currency) salary that is taxed again upon payment. And all in an environment of appreciating assets...

2024 will be interesting - by then we will have a much broader user base, much better infrastructure around BTC purchasing, storage, and transacting, many more large institutions and banks participating, BTC seamlessly on credit cards and other day to day payment tools, collapsing economies with citizens increasingly adopting BTC as a store of wealth, continued money printing from the US, clearer laws around BTC, more regulated exchanges..., And then on top of all that a halvening in the algorithm...

Until then, my view is simply buy, HODL, and ignore the noise. For myself, I am quite prepared for a drop to 10K. (At 10K I would likely load up a little more). If you detach yourself from the outset, its mentally far easier to not worry about short term moves.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on April 24, 2021, 07:40:51 PM
Louisiana state House passes resolution formally praising Bitcoin



Louisiana’s GOP-controlled state House adopted a resolution this week praising Bitcoin and encouraging state and local governments to utilize the increasingly popular cryptocurrency.

The resolution, passed by the state House on Wednesday and signed by Speaker Clay Schexnayder (R) on Thursday, formally commends Bitcoin “for its success in becoming the first decentralized trillion dollar asset” and pushes for “state and local governments to consider ways that could help them benefit from the increased use of this new technology.”

Lawmakers argued in the resolution that Bitcoin “could potentially replace gold as a monetary reserve,” adding that the digital currency has not only benefited businesses, but has also “proven to be a critical tool for citizens around the world to protect themselves from currency debasement.”

 The praise comes amid a surge in investment and interest in cryptocurrency, which uses peer-to-peer technology that allows businesses and individuals to transfer assets without banks or other centralized oversight.

Last week, digital currency platform Coinbase went public, with shares skyrocketing in early trading. Coinbase in the first quarter of 2021 had 6.1 million users make transactions at least once a month on the platform, up from 2.8 million by the end of 2020.

 https://thehill.com/homenews/state-watch/549982-louisiana-house-of-representatives-passes-resolution-formally-praising
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on April 25, 2021, 07:50:12 AM
Quote from: OneMoreRep on April 24, 2021, 06:28:45 PM
Absolutely, every single article written about this is stating that he stole $2 Billion dollars from a Turkish crypto exchange.

"1"

Turkish Crypto exchange!!! What could go wrong ::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 25, 2021, 09:30:39 AM
Quote from: gib on April 24, 2021, 06:53:48 PM
Impossible to ban in practice. Think about it...

But even if one was to comply with such a "ban" you would simply sell you BTC for Turkish Lira, then make a quick purchase with that rapidly declining fiat currency, and then the recipient simply quickly converts back in to BTC (or USD as they wish and as they are already doing). Idiotic friction in a sales transaction, but legally compliant with such a "ban" and very easily done via the Lightening Network.

It was enough to crash the price of bitcoin by 5%. That decline was far more rapid than the decline of Lira. Buy bitcoin with Lira, sell bitcoin for Lira. You can just as easily end up losing twice.

Anyway I hope the Lira declines further. I signed up to premium Turkish Netflix and pay a fraction of the price for the same product we get in the west  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on April 25, 2021, 02:44:22 PM
Bitcoin approaching 47k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on April 25, 2021, 02:47:14 PM
$ 47,198.58
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 25, 2021, 03:28:33 PM
Quote from: FitnessFrenzy on April 25, 2021, 02:47:14 PM
$ 47,198.58

Crazy shit. I'm getting ready to convert to usdt at 45k and wait this out if it gets that bad. Everytjing looks fucked right up.

Etherrum holding better than BTC, BTC taking a shit. Alt coins pumping and dumping. Its like the crypto sphere has gone mental. At one point all the top gainers were low cap.alt coins. Lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 25, 2021, 03:35:49 PM
Quote from: gib on April 24, 2021, 07:10:48 PM
Yes, this is why we see some early buyers taking "gains" as they readjust they total allocation, and then new buyers coming in as they think prices are "cheaper now" and a good time to "get in". Its always good to help broaden the total user-base which happens each cycle and churn.

Then you get a % of new buyers who bought near the top, who panic sell. These are the same guys who start rebuying at the next peak as they think "prices are going back up again now".

Can we all be winners with an asset like BTC? Answer is yes, just as all those who had purchased property in the past with leverage were big winners over time as currencies devalued. So who were the losers who paid the price? All those who didn't participate, and remained solely in cash. They effectively had their money stolen from them by stealth (devaluation). Not just that but they then keep working for a (devalued currency) salary that is taxed again upon payment. And all in an environment of appreciating assets...

2024 will be interesting - by then we will have a much broader user base, much better infrastructure around BTC purchasing, storage, and transacting, many more large institutions and banks participating, BTC seamlessly on credit cards and other day to day payment tools, collapsing economies with citizens increasingly adopting BTC as a store of wealth, continued money printing from the US, clearer laws around BTC, more regulated exchanges..., And then on top of all that a halvening in the algorithm...

Until then, my view is simply buy, HODL, and ignore the noise. For myself, I am quite prepared for a drop to 10K. (At 10K I would likely load up a little more). If you detach yourself from the outset, its mentally far easier to not worry about short term moves.

I like the idea of a 3 tier system.

1st tier BTC is used as storage - I have no issue not being able to pay for things in BTC
2nd tier USD is used as international payments
3rd tier local currency used in domestic economy for payments

From what I heard Diem had issues and has stalled which makes sense as I haven’t heard any of the major players mention it of late.

Turkey, Argentina, Korea, People aren’t running for gold they are running for BTC.  That dude who fled just showed the advantage of BTC, portable as fuck lol.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 25, 2021, 03:45:11 PM
Quote from: Bindare_Dundat on April 25, 2021, 03:28:33 PM
Crazy shit. I'm getting ready to convert to usdt at 45k and wait this out if it gets that bad. Everytjing looks fucked right up.

Etherrum holding better than BTC, BTC taking a shit. Alt coins pumping and dumping. Its like the crypto sphere has gone mental. At one point all the top gainers were low cap.alt coins. Lol

That sounds like a smart move. If it drops much lower than 45K I can see it only tanking further, but this could be the bottom before it goes on another run. Hopefully Ethereum joins and outruns it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 25, 2021, 03:45:21 PM
Quote from: Mayday on April 25, 2021, 03:35:49 PM
I like the idea of a 3 tier system.

1st tier BTC is used as storage - I have no issue not being able to pay for things in BTC
2nd tier USD is used as international payments
3rd tier local currency used in domestic economy for payments

From what I heard Diem had issues and has stalled which makes sense as I haven’t heard any of the major players mention it of late.

Turkey, Argentina, Korea, People aren’t running for gold they are running for BTC.  That dude who fled just showed the advantage of BTC, portable as fuck lol.

Lmao.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 25, 2021, 05:13:30 PM
Bitboy in his new Demon which replaced the Hellcat that was stolen at Atlanta Airport.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 25, 2021, 05:16:06 PM
Former BitMEX CEO Arthur Hayes Surrenders to Face Charges

https://www.bloomberg.com/news/articles/2021-04-06/former-bitmex-ceo-arthur-hayes-surrenders-to-face-u-s-charges

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on April 25, 2021, 05:37:36 PM
Quote from: Flexacon on April 25, 2021, 03:45:11 PM
That sounds like a smart move. If it drops much lower than 45K I can see it only tanking further, but this could be the bottom before it goes on another run. Hopefully Ethereum joins and outruns it.

Except for the bounce too 50500. Really hope you didnt convert to tether.  245 pages and you guys still havent  got it. Buy and hodl. Ignore the noise.  Enjoy the ride.
Im earning as of now $1200 -1500 a week of btc and these dips are golden for buyers and hodlers.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 25, 2021, 06:23:06 PM
Quote from: Theoak* on April 25, 2021, 05:37:36 PM
Except for the bounce too 50500. Really hope you didnt convert to tether.  245 pages and you guys still havent  got it. Buy and hodl. Ignore the noise.  Enjoy the ride.
Im earning as of now $1200 -1500 a week of btc and these dips are golden for buyers and hodlers.

No one did anything, it didn't drop to 45K. I don't even have bitcoin, well not enough worth talking about. I have a bunch of ethereum which I bought when it was around $100 in 2018, all of which I'm still hodling.

I'm not keen on bitcoin long term, but if I'm wrong I still have the conciliation of it dragging my ethereum with it on it runs. No need for me to get involved further in the dips and increase my stress levels. I'd rather just sit back and watch how it all plays out now, although I don't know if it's something I'm enjoying..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 25, 2021, 06:30:41 PM
Quote from: Bindare_Dundat on April 25, 2021, 03:28:33 PM
Crazy shit. I'm getting ready to convert to usdt at 45k and wait this out if it gets that bad. Everytjing looks fucked right up.

Etherrum holding better than BTC, BTC taking a shit. Alt coins pumping and dumping. Its like the crypto sphere has gone mental. At one point all the top gainers were low cap.alt coins. Lol
Enjoy sitting on the sidelines!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 25, 2021, 06:49:07 PM
Quote from: Theoak* on April 25, 2021, 05:37:36 PM
Except for the bounce too 50500. Really hope you didnt convert to tether.  245 pages and you guys still havent  got it. Buy and hodl. Ignore the noise.  Enjoy the ride.


Lol. Yes, anyone who simply did just that has done well. :)

I've taken some steps to put my BTCs out of reach from myself, to make sure I simply HODL and revisit in 10 years...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 25, 2021, 07:03:30 PM
Quote from: obsidian on April 25, 2021, 06:30:41 PM
Enjoy sitting on the sidelines!

Im still in. Never hit 45k lmao and Im still in my long trade from way back too.  up 46%. guess I get the last laugh bro.  Want me to post the pic?

and you're welcome to hold your stash to zero. ill see you later while I'm picking up more coins and you're still recouping losses.  Its never stupid to be cautious. This can turn in a blink, we both know it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 25, 2021, 07:23:36 PM
No need for pictures. But yeah, not everyone needs to play the same type of game to win here.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 25, 2021, 07:28:05 PM
Quote from: Flexacon on April 25, 2021, 07:23:36 PM
No need for pictures. But yeah, not everyone needs to play the same type of game to win here.

the gloating gets a little annoying. lol Were not anywhere near out of the woods yet and we move a few dollars up and all of a sudden its a reversal? lol ok

I didnt hear much gloating when things dropped from 64k to sub 50k

plus if this goes to where everyone says itll go to, youll have LOTS of time to get back in if you opted to avoid a potential shit mess. Think thats wiser than holding to 5k

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 25, 2021, 07:46:56 PM
Quote from: Bindare_Dundat on April 25, 2021, 07:28:05 PM
the gloating gets a little annoying. lol Were not anywhere near out of the woods yet and we move a few dollars up and all of a sudden its a reversal? lol ok

I didnt hear much gloating when things dropped from 64k to sub 50k

plus if this goes to where everyone says itll go to, youll have LOTS of time to get back in if you opted to avoid a potential shit mess. Think thats wiser than holding to 5k

The psychology of emotion and perspective I find really intersting.

One person's "drop from 65K to 50K" is another's "1000% rise from 5K to 50K")...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 25, 2021, 07:52:51 PM
Quote from: gib on April 25, 2021, 07:46:56 PM
The psychology of emotion and perspective I find really intersting.

One person's "drop from 65K to 50K" is another's "1000% rise from 5K to 50K")...


So you shorted? lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 25, 2021, 08:02:56 PM
Lol. Long only for me this time around. Buy and Hodl...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 25, 2021, 08:06:54 PM
Quote from: Bindare_Dundat on April 25, 2021, 07:03:30 PM
Im still in. Never hit 45k lmao asnd Im still in my long trade from way back too.  up 46%. guess i get the last laugh bro.  Want me to post the pic?

and youre welcome to hold your stash to zero. ill see you later while im picking up more coins and you're still recouping losses.  Its never stupid to be cautious. This can turn in a blink, we both know it.
Sounds good. Yes post a pic!

You are right we need to be cautious. Sell when everyone is greedy and buy when everyone is fearful. I do regret not selling to USD a week or two ago when everything was up - especially Doge. And then buying in lower. It is just not that easy to time it and I am the kind of person that finds it hard to sell when I see it drop a bit because I remember how high it was just a moment earlier. My strength is I have diamond hand capabilities. My weakness is greed where I don't want to capitulate unrealized ATH gains. I have been able to break that trend though once or twice and did end up with a bigger bag.

The other thing that keeps me from trading a ton are the tax implications. Perhaps I should trade on a decentralized exchange and then just send all my gains to a regulated exchange? It would simplify taxes I think.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 25, 2021, 08:07:31 PM
Quote from: Bindare_Dundat on April 25, 2021, 07:52:51 PM

So you shorted? lol
No he bought BTC @ $5,000.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 25, 2021, 08:10:01 PM
Quote from: obsidian on April 25, 2021, 08:07:31 PM
No he bought BTC @ $5,000.

i know brother, I was joking with him in regards to his quote.

sure, Ill send you a pm in a bit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 25, 2021, 08:11:22 PM
https://cointelegraph.com/news/ethereum-breaks-out-vs-bitcoin-why-one-trader-says-eth-btc-looks-absolutely-insane

Ether (ETH) price is seeing green in its Bitcoin (BTC) pair on April 21, reaching the highest levels since early February. Given the technical breakout of ETH/BTC, traders are beginning to expect a strong rally in the foreseeable future.

During the first two weeks of April, ETH was outperformed by Binance Coin (BNB), the native token of Binance Smart Chain.

The high transaction fees on Ethereum coupled with the high user activity on Binance Smart Chain led BNB to gain momentum against Ether.

However, in the past few days, ETH price has started to rally against both Bitcoin and BNB, the first and third largest cryptocurrencies in the global market, respectively.

Why is ETH rallying against Bitcoin?

In the past 24 hours, led by Ether, the altcoin market gained against Bitcoin, causing the Bitcoin Dominance Index to fall to 50.7% on CoinMarketCap, the lowest level since summer 2018.

One main reason why the altcoin market is rallying is because altcoins generally saw sharper drops than BTC following the Coinbase listing.

Hence, when Bitcoin began to consolidate and stabilize, altcoins started to see a relief rally, led by Ethereum and BNB's momentum.

After the futures market recovered, following over $10 billion worth of liquidations on a single day, the appetite for risk-on assets within crypto also likely rose.

This drove the demand for Ethereum, BNB, Dogecoin (DOGE), and many other cryptocurrencies with relatively high volume and valuation.

In the near term, traders say that the breakout of the ETH/BTC pair could lead to a broader parabolic rally, particularly for altcoins.

A pseudonymous trader known as "Crypto Capo" expressed optimism towards ETH's breakout against BTC. He said:

"$ETH/BTC is going to redefine the concept of parabolic."

Similarly, a cryptocurrency derivatives trader NekoZ said that ETH is showing strong momentum, which would likely spill over to altcoins.

The trader noted:

"Love the reaction we are having so far. Should carry nicely into the week and build momentum around alts."

Another respected cryptocurrency derivatives trader known as "Bluntz" said that ETH/BTC looks "insane" after a massive capitulation event.

A capitulation event refers to a scenario when an asset's price bottoms out after a sharp drop.

Bluntz emphasized that ETH is demonstrating a double bottom chart, which in technical analysis often points toward a short-term trend reversal.

He wrote:

"ETH double bottom on 4h, and ETH/BTC looks absolutely insane again. Wow that was the greatest capitulation event I can remember for a long time. Even i capitulated most of my lev trades."

On-chain data is also bullish

According to the data from CryptoQuant, the amount of ETH being staked in the Ethereum 2.0 deposit contract is rising.

This decreases the circulating supply of ETH on exchanges, which should put upward pressure on the price of ETH.

The increase in fees, which is verifiable through on-chain data, also indicates that activity continues to rise on Ethereum despite the already high fees.

Aftab Hossain, an Ethereum and investor, said:

"Ethereum / DeFi has focused heavily on infrastructure, which BSC was able to copy and centralize to make it faster with an incentive to focus on integrated UX i think cheaper L2 tx's will enable for greater scaling and will allow for critical smart contract wallet innovation."

Binance Smart Chain and other layer ones have been performing strongly against Ethereum, but the release of Eth2 and layer two solutions could make Ethereum more compelling for casual users in the months to come.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 25, 2021, 08:19:30 PM
Quote from: Griffith on April 24, 2021, 11:54:20 AM
For sure, I’ve think we’ve got at least one good run left. Either way, if it looks like things are really tanking I will be moving into stablecoins, and then be able to buy more cheaper at a later date.
What's the advantage of using stablecoins instead of USD on an exchange? On Binance for example you can sell into USD or Tether. I have been going the USD route in past trades. The fees did not seem that high. I know stablecoins offer better interest rates but if you are only going to wait a few weeks or months the interest payouts won't be that much.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 25, 2021, 08:31:04 PM
Quote from: obsidian on April 25, 2021, 08:19:30 PM
What's the advantage of using stablecoins instead of USD on an exchange? On Binance for example you can sell into USD or Tether. I have been going the USD route in past trades. The fees did not seem that high. I know stablecoins offer better interest rates but if you are only going to wait a few weeks or months the interest payouts won't be that much.

I go into USDT when I'm done my trading to keep the value from fluctuating with BTC. Upside is i dont lose anything when btc drops, downside is I lose gains when btc goes up. Thats why its wise to get into usdt when shit is going retarded like the last few days and you dont want to risk a correction or huge dump

When youre ready to trade again you can swap out usdt for btc again. I usually tether all my gains from the trade for future use or to cash out to enjoy the profits

Yeah, use an exchange that isnt KYC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 26, 2021, 01:57:14 AM
Would be nice if these whales would make a decision as to where this is going. Stuck at 52.6, 52.7,  like glue atm.  ::)

Yes!

Woohoo, up 68% can i get to 100%?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 26, 2021, 05:05:41 AM
i think were going to hover around this 54k range for a while before correcting, this was way too fast and large a rally imo. I would not fomo into this. Take profit or set your stop loss. a retrace back to 51k area is a real possibility.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 26, 2021, 05:39:42 AM
Quote from: Bindare_Dundat on April 26, 2021, 05:05:41 AM
i think were going to hover around this 54k range for a while before correcting, this was way too fast and large a rally imo. I would not fomo into this. Take profit or set your stop loss. a retrace back to 51k area is a real possibility.
Dogecorn to the moon!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 26, 2021, 05:41:53 AM
Quote from: Bindare_Dundat on April 25, 2021, 08:31:04 PM
I go into USDT when I'm done my trading to keep the value from fluctuating with BTC. Upside is i dont lose anything when btc drops, downside is I lose gains when btc goes up. Thats why its wise to get into usdt when shit is going retarded like the last few days and you dont want to risk a correction or huge dump

When youre ready to trade again you can swap out usdt for btc again. I usually tether all my gains from the trade for future use or to cash out to enjoy the profits

Yeah, use an exchange that isnt KYC.
USDT is pegged to the USD. So you would get the same effect regardless which one you use. I am still trying to figure out what the difference if as far as trading goes.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 26, 2021, 07:18:05 AM
Quote from: obsidian on April 26, 2021, 05:41:53 AM
USDT is pegged to the USD. So you would get the same effect regardless which one you use. I am still trying to figure out what the difference if as far as trading goes.

yah sorry, still trading and am super tired. lol

I think there is a slight price difference between USD AND USDT when trading. i think youd be earning slightly less if your longing and profitable.  although i never use the USDT pair so im not 100% sure.

i need some sleep.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on April 26, 2021, 08:23:10 AM
Camping World Begins Accepting Bitcoin for RV Purchases

Recreational vehicle retailer Camping World Holdings (NYSE:CWH) says people can now purchase an RV using cryptocurrencies.

In an arrangement with cryptocurrency payment service provider BitPay, Camping World will begin accepting Bitcoin, Ethereum, and other select cryptocurrencies using various digital wallets. The program will launch at two dealerships initially, but will soon be available at all Camping World dealerships and on its e-commerce platform.

Camping World was something of a surprise play on the COVID-19 pandemic as RV sales soared as people sought to escape to the great outdoors while the country was locked down. Revenue soared 11% in 2020 to $5.4 billion while profits soared 32% to $1.7 billion from the year-ago period as it grew active customers to over 5.3 million.

Cryptocurrencies also rocketed higher with Bitcoin rising from around $7,600 a year ago to almost $54,000 today, having recently hit a high of over $63,000. Ethereum went from $195 last year to $2,500 today.

Acceptance of cryptocurrencies as a valid substitute for cash continues to expand.

"As the industry leader, we have a responsibility to adapt to new preferences and elevate the customer experience, whether through the products and services we offer, or in the ways we interact and transact with the customer," Camping World chairman and CEO Marcus Lemonis said. "Accepting cryptocurrency is simply another part of our vision to make RVing easy in an increasingly digital world."

https://www.fool.com/investing/2021/04/26/camping-world-begins-accepting-bitcoin-for-rv-purc/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 26, 2021, 02:16:18 PM
One last dip to 32k and we should be ready for a rally up!  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 26, 2021, 04:22:35 PM
Quote from: Mayday on April 26, 2021, 02:16:18 PM
One last dip to 32k and we should be ready for a rally up!  :D

I heard it was 20k.

Its rumored Tesla sold over 200M in BTC. Lots of channels talking about it now with the usual musings. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 26, 2021, 06:56:30 PM
Quote from: Bindare_Dundat on April 26, 2021, 04:22:35 PM
I heard it was 20k.

Its rumored Tesla sold over 200M in BTC. Lots of channels talking about it now with the usual musings.

Tesla rebalanced their treasury which is normal.

There are certain regulations around income from assets and so forth. I’m not totally across the US stuff but generally wherever your income stream comes from classifies your business which is why their Treasury balances according to performance to ensure nothing gets out of whack.

It works well for a Tesla because they have plenty of coins to fuel the future. That’s why Saylor tells business to buy BTC now as it effectively pays your debt off and funds future operations.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 26, 2021, 10:46:12 PM
Quote from: Mayday on April 26, 2021, 06:56:30 PM
Tesla rebalanced their treasury which is normal.

There are certain regulations around income from assets and so forth. I’m not totally across the US stuff but generally wherever your income stream comes from classifies your business which is why their Treasury balances according to performance to ensure nothing gets out of whack.

It works well for a Tesla because they have plenty of coins to fuel the future. That’s why Saylor tells business to buy BTC now as it effectively pays your debt off and funds future operations.

Yes, correct. Also, it might well be that when the valuation increases you have to sell under your allocation mandate. So, if the board of Tesla authorised a 10% cash allocation to BTC, and that valuation gets to 15%, you would need to sell off 5%. Same with hedge funds which might have a mandated limit on exposure to any one asset.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 26, 2021, 11:58:30 PM
Q
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on April 27, 2021, 05:42:43 AM
Capitulation.


JP Morgan Launches Bitcoin Fund For Rich Clients After Years Of Bashing Crypto


Ever since JP Morgan CEO Jamie Dimon first denounced bitcoin waaaaay back during the heady crypto-rally of 2017 (shortly before we revealed that JP Morgan's asset-management arm was seemingly buying the dip on behalf of its wealthy clients via a Scandinavian ETN), teams of strategists employed by the bank have produced a steady stream of bearish reports warning its clients about the risks of investing in bitcoin.


But in a sudden reversal, JPMorgan's traders - once threatened with firing should they dare touch bitcoin - will soon get their chance to trade the pioneering cryptocurrency on the bank's behalf. In news that's hitting just as bitcoin prices climb back from a Sunday dip, CoinDesk reported Monday morning that JP Morgan Chase will soon launch its own actively managed bitcoin fund, making JPM the latest US megabank to embrace hawking crypto assets (rather than struggling to co-opt blockchain technology for its own purposes).

 The fund, which could launch as soon as this summer, will reportedly involve institutional ship NYDIG, which will serve as JPM's bitcoin custody provider. In a notable break from other passively managed bitcoin funds offered by Galaxy Digital and Grayscale, JPM's crypto fund will be "actively managed" (allowing the bank to charge higher fees).



Like those other funds, the JP Morgan fund will allow institutions and wealthy clients to buy exposure to bitcoin without actually having to buy, store and secure their own coins. The fund will be offered to the bank's "private wealth" clients, which mostly caters to wealthy individuals and family offices.

JPM has come close to offering bitcoin-linked products before. Back in March, its investment bank issued its first crypto-adjacent investment product, a structured note tied to the performance of bitcoin proxy stocks like MicroStrategy and Riot Blockchain.

Now that the bank has been exposed for quietly accumulating its own bitcoin position, we couldn't help but notice that JPM - which was bashing bitcoin as recently on Friday - hasn't published a new note arguing that downward momentum might reemerge. Dimon infamously warned that he would "fire in a second" any JPM trader who touched bitcoin. "If you’re stupid enough to buy it, you’ll pay the price for it one day," he said at the time. Though Dimon quickly walked back these comments at the time, we would love to hear JPM explain away these comments while pitching its new bitcoin product to some of its most lucrative private clients.

https://www.zerohedge.com/crypto/jp-morgan-launches-bitcoin-fund-rich-clients-after-years-bashing-crypto
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 27, 2021, 06:11:29 AM
The CEO of PayPal predicted that in the next five to 10 years, there will be many changes in the financial system, compared to the last two decades.
He also noted that the demand for cryptocurrencies exceeded PayPal's initial expectations after the company began cryptocurrency transactions in late 2020.
Demand for cryptocurrencies has been several times higher than we initially expected," PayPal CEO and CEO Dan Schulman told Time magazine in an interview with Time magazine on Sunday. There is a lot of excitement."
Existing financial infrastructure needs to be modernized, Schulman said. This system is inefficient today due to the high cost and slowness of international transactions. The CEO predicted that the financial system would be ready to see more change in the next five to 10 years than in the past two decades.
"In the next ten years, you will see a dramatic decline in cash use," he said. All payment invoices are included in the mobile phone. Credit cards will disappear as a payment invoice and you will use your mobile phone. Because mobile phones can add a lot more value than just tapping on your credit card. "
As people stop using paper money, central banks need to reconsider their monetary policy, Schulman said. The central bank said digital currencies could benefit from emerging technologies such as distributed head office. "But they are essentially digitizing Fiat currency, like the US dollar," Schulman noted.
PayPal announced its plans to introduce the ability to buy, hold and sell a number of cryptocurrencies, including Bitcoin (BTC) and (ETH), in October 2020. When the new feature launched in the United States in mid-November 2020, bitcoin was trading at around $ 16,000. After that, the world's largest cryptocurrency faced a massive rally, pushing its price to a new all-time high of more than $ 64,000 in April.
Amid rising prices and demand for cryptocurrencies, PayPal continued to expand its cryptographic services to customers, launching its cryptographic exit services in late March to enable traders to pay. Last week, PayPal introduced the Venmo payment platform for cryptocurrencies for four popular cryptocurrencies, including Bitcoin, LightCoin and BitcoinCash.

Source: https://cointelegraph.com/news/demand-for-paypal-s-crypto-offering-exceeded-all-expectations-ceo-says
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on April 27, 2021, 08:23:56 AM
Quote from: gib on April 27, 2021, 06:11:29 AM
The CEO of PayPal predicted that in the next five to 10 years, there will be many changes in the financial system, compared to the last two decades.
He also noted that the demand for cryptocurrencies exceeded PayPal's initial expectations after the company began cryptocurrency transactions in late 2020.
Demand for cryptocurrencies has been several times higher than we initially expected," PayPal CEO and CEO Dan Schulman told Time magazine in an interview with Time magazine on Sunday. There is a lot of excitement."
Existing financial infrastructure needs to be modernized, Schulman said. This system is inefficient today due to the high cost and slowness of international transactions. The CEO predicted that the financial system would be ready to see more change in the next five to 10 years than in the past two decades.
"In the next ten years, you will see a dramatic decline in cash use," he said. All payment invoices are included in the mobile phone. Credit cards will disappear as a payment invoice and you will use your mobile phone. Because mobile phones can add a lot more value than just tapping on your credit card. "
As people stop using paper money, central banks need to reconsider their monetary policy, Schulman said. The central bank said digital currencies could benefit from emerging technologies such as distributed head office. "But they are essentially digitizing Fiat currency, like the US dollar," Schulman noted.
PayPal announced its plans to introduce the ability to buy, hold and sell a number of cryptocurrencies, including Bitcoin (BTC) and (ETH), in October 2020. When the new feature launched in the United States in mid-November 2020, bitcoin was trading at around $ 16,000. After that, the world's largest cryptocurrency faced a massive rally, pushing its price to a new all-time high of more than $ 64,000 in April.
Amid rising prices and demand for cryptocurrencies, PayPal continued to expand its cryptographic services to customers, launching its cryptographic exit services in late March to enable traders to pay. Last week, PayPal introduced the Venmo payment platform for cryptocurrencies for four popular cryptocurrencies, including Bitcoin, LightCoin and BitcoinCash.

Source: https://cointelegraph.com/news/demand-for-paypal-s-crypto-offering-exceeded-all-expectations-ceo-says

Wow, the CEO of PayPal pushing for a future with no cash use.  Hmmm, seems like he has another motive to push a service that is cashless.  Wonder what that could be? Oh yea, Paypal.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on April 27, 2021, 09:50:00 AM
https://u.today/ether-his-new-all-time-high-as-european-unions-bank-chooses-ethereum-to-issue-2-year-bonds

Ether Hits New All-Time High as European Union's Bank Chooses Ethereum to Issue 2-Year Bonds

The European Investment Bank will issue 2-year bonds on the Ethereum blockchain

The European Investment Bank, the Luxemburg-based lending arm of the European Union, will be issuing 2-year bonds due Apr. 28, 2023, on the Ethereum blockchain, Bloomberg reports.     

Their issuance will be managed by such banking giants as Goldman Sachs, Santander Group, and Societe Generale.

Founded in 1958, the European Investment Bank is one of the largest lending institutions in the world, with E.U. members acting like its shareholders. 

Societe Generale issued its first bond on the Ethereum blockchain to itself back in April 2019 in order to trial the technology. Santander also redeemed its own $20 million bond in December 2019 to show that Ethereum is applicable for debt security management.           

Ether, the native token of the Ethereum network, hit a new all-time high of $2,683 at 4:02 p.m. UTC on the Bitstamp exchange. Ether is up over 270 percent in 2021. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 27, 2021, 05:16:16 PM
Quote from: Griffith on April 27, 2021, 09:50:00 AM
https://u.today/ether-his-new-all-time-high-as-european-unions-bank-chooses-ethereum-to-issue-2-year-bonds

Ether Hits New All-Time High as European Union's Bank Chooses Ethereum to Issue 2-Year Bonds

The European Investment Bank will issue 2-year bonds on the Ethereum blockchain

The European Investment Bank, the Luxemburg-based lending arm of the European Union, will be issuing 2-year bonds due Apr. 28, 2023, on the Ethereum blockchain, Bloomberg reports.     

Their issuance will be managed by such banking giants as Goldman Sachs, Santander Group, and Societe Generale.

Founded in 1958, the European Investment Bank is one of the largest lending institutions in the world, with E.U. members acting like its shareholders. 

Societe Generale issued its first bond on the Ethereum blockchain to itself back in April 2019 in order to trial the technology. Santander also redeemed its own $20 million bond in December 2019 to show that Ethereum is applicable for debt security management.           

Ether, the native token of the Ethereum network, hit a new all-time high of $2,683 at 4:02 p.m. UTC on the Bitstamp exchange. Ether is up over 270 percent in 2021.

Wow that's quite an endorsement.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 27, 2021, 05:53:15 PM
Quote from: gib on April 27, 2021, 05:16:16 PM
Wow that's quite an endorsement.

Still not too late to buy some ethereum. It might be the Pepsi to bitcoins Coke right now, but look how it performed when bitcoin took a recent dump. We also already know if bitcoin bulls so will eth. Now don't forget about eth2.0. If that succeeds it's only gonna rocket!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 28, 2021, 02:37:57 AM
Quote from: Bindare_Dundat on April 26, 2021, 05:05:41 AM
i think were going to hover around this 54k range for a while before correcting, this was way too fast and large a rally imo. I would not fomo into this. Take profit or set your stop loss. a retrace back to 51k area is a real possibility.


Hope you guys are taking profits on the way up. I sold  most of my Eth again at 2680. lol Dont fall in love with these things. Sell the FoMO and buy the dips. Dont be afraid to sell. You can always buy back in anytime if need be.   These things usually retrace to test past resistance levels.  Lots of opportunities with other projects as well.

The 51k retest has moved to around 52-53k since this post regarding BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 28, 2021, 02:44:30 AM
Quote from: gib on April 27, 2021, 05:16:16 PM
Wow that's quite an endorsement.

Yeah and if you had swapped your btc for eth you would have killed it. then you could have swapped  back to btc at a discount today. Obsidian had a great point regarding doing stuff like that. Could pay off handsomely.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on April 28, 2021, 05:15:25 AM
Quote from: Bindare_Dundat on April 28, 2021, 02:44:30 AM
Yeah and if you had swapped your btc for eth you would have killed it. then you could have swapped  back to btc at a discount today. Obsidian had a great point regarding doing stuff like that. Could pay off handsomely.

When BTC started its dip I swapped all for ETH.

My overall portfolio has increased in BTC value.

For now, I think ETH still has a lot more upside potential.

Probably easier for ETH to 2X or more in a lower time-frame than BTC.

And with lower BTC dominance and 'alt-season' kicking off it's a good time to try make some profits with other coins.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on April 28, 2021, 06:24:36 AM
Quote from: obsidian on April 25, 2021, 08:19:30 PM
What's the advantage of using stablecoins instead of USD on an exchange? On Binance for example you can sell into USD or Tether. I have been going the USD route in past trades. The fees did not seem that high. I know stablecoins offer better interest rates but if you are only going to wait a few weeks or months the interest payouts won't be that much.

To hedge against local currency devaluation.

So for me holding USDC will be the same as having USD.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 28, 2021, 06:51:40 AM
Quote from: Griffith on April 28, 2021, 05:15:25 AM
When BTC started its dip I swapped all for ETH.

My overall portfolio has increased in BTC value.

For now, I think ETH still has a lot more upside potential.

Probably easier for ETH to 2X or more in a lower time-frame than BTC.

And with lower BTC dominance and 'alt-season' kicking off it's a good time to try make some profits with other coins.

Agreed,  its a bit of a gamble but one Im willing to take.

Holding Vechain, Chainlink, Solano, Ada, Still have som Eth and all my BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on April 28, 2021, 07:40:00 AM
Nexon Joins Tesla in Bitcoin Bet With $100 Million Purchase

(Bloomberg) -- Nexon Co. said it bought $100 million worth of Bitcoin, joining a list of tech companies embracing the digital currency.

The online game provider acquired 1,717 Bitcoins at an average price of about $58,226 each, including fees and expenses. The purchase represents less than 2% of Nexon’s total cash and cash equivalents on hand, and is the largest-ever purchase of digital currency made by a company traded in Tokyo, Nexon said.

“Our purchase of bitcoin reflects a disciplined strategy for protecting shareholder value and for maintaining the purchasing power of our cash assets,” Owen Mahoney, Nexon’s chief executive officer, said in a statement. “In the current economic environment, we believe Bitcoin offers long-term stability and liquidity while maintaining the value of our cash for future investments.”

A growing number of global firms including Tesla Inc. and Square Inc. have moved to purchase Bitcoin in recent months, with more starting to accept the cryptocurrency as a form of payment. Firms in Japan, which was an early leader in Bitcoin acceptance, have been slow to join this trend.

Nexon said it intended to guard itself against a potential drop in the value of non-digital currencies in case of inflation, with Mahoney seeing Bitcoin as a “form of cash likely to retain its value, even if it is not yet widely-recognized as such.”
 

 https://finance.yahoo.com/news/nexon-joins-tesla-bitcoin-bet-001941487.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on April 28, 2021, 10:37:35 AM
Quote from: polychronopolous on April 28, 2021, 07:40:00 AM
Nexon Joins Tesla in Bitcoin Bet With $100 Million Purchase

(Bloomberg) -- Nexon Co. said it bought $100 million worth of Bitcoin, joining a list of tech companies embracing the digital currency.

The online game provider acquired 1,717 Bitcoins at an average price of about $58,226 each, including fees and expenses. The purchase represents less than 2% of Nexon’s total cash and cash equivalents on hand, and is the largest-ever purchase of digital currency made by a company traded in Tokyo, Nexon said.

“Our purchase of bitcoin reflects a disciplined strategy for protecting shareholder value and for maintaining the purchasing power of our cash assets,” Owen Mahoney, Nexon’s chief executive officer, said in a statement. “In the current economic environment, we believe Bitcoin offers long-term stability and liquidity while maintaining the value of our cash for future investments.”

A growing number of global firms including Tesla Inc. and Square Inc. have moved to purchase Bitcoin in recent months, with more starting to accept the cryptocurrency as a form of payment. Firms in Japan, which was an early leader in Bitcoin acceptance, have been slow to join this trend.

Nexon said it intended to guard itself against a potential drop in the value of non-digital currencies in case of inflation, with Mahoney seeing Bitcoin as a “form of cash likely to retain its value, even if it is not yet widely-recognized as such.”
 

 https://finance.yahoo.com/news/nexon-joins-tesla-bitcoin-bet-001941487.html

lol but didn't Tesla buy them for $35K?

Today Musk called himself the Dogefather on Twitter.  lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on April 28, 2021, 11:04:38 AM
Quote from: El Diablo Blanco on April 28, 2021, 10:37:35 AM
lol but didn't Tesla buy them for $35K?

Today Musk called himself the Dogefather on Twitter.  lol.

I wish him and Cuban would knock that shit off, it's a really bad look.

Just yesterday, there was this goofy young guy in my neighborhood, bragging about "how much money he was making trading 'dog' coin"

Reminds me of some of the hot shot "wheelers and dealers" we have in this thread. They always seem to "get in and out" at the exact right time  ::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on April 28, 2021, 12:02:11 PM
Quote from: polychronopolous on April 28, 2021, 11:04:38 AM
I wish him and Cuban would knock that shit off, it's a really bad look.

Just yesterday, there was this goofy young guy in my neighborhood, bragging about "how much money he was making trading 'dog' coin"

Reminds me of some of the hot shot "wheelers and dealers" we have in this thread. They always seem to "get in and out" at the exact right time  ::)
It is Getbig.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 28, 2021, 01:11:11 PM
Quote from: polychronopolous on April 28, 2021, 11:04:38 AM
I wish him and Cuban would knock that shit off, it's a really bad look.

Just yesterday, there was this goofy young guy in my neighborhood, bragging about "how much money he was making trading 'dog' coin"

Reminds me of some of the hot shot "wheelers and dealers" we have in this thread. They always seem to "get in and out" at the exact right time  ::)

Even if it's not aimed at me, I'll more than happily  take the opportunity presented.  After all "It is Getbig"

Quote from: Flexacon on December 11, 2018, 02:19:18 PM
Ethereum is the other I'll speculate on. Hopefully one of the tech giants support Ethereum or launch a crypto so I can get in early, otherwise crypto as we know will likely dead in a few years. Well until the banks adopt some kinda blockchain, but there won't be much money to be made for us mere mortals there.
 

Back when it was around the $100. A tech giant isn't supporting Eth, but it does look like some banks are and that could be huge!

I'll also throw this in, just because..

Quote from: Flexacon on December 02, 2019, 01:14:41 AM
This. Recession is inevitable. If not 2020 then very soon.

I've pulled out, bought some silver and waiting for shit to hit the fan.

Avoided the crash and got silver at a great price!

Missed most of the tech stock and bitcoin runs last year, but that was mostly because I was already sitting in a very comfortable great stress free position.

(https://i.giphy.com/media/XGnH2RGHoCqumsAXpo/giphy.webp)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on April 28, 2021, 01:38:18 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 28, 2021, 02:47:53 PM
Quote from: FitnessFrenzy on April 28, 2021, 01:38:18 PM


That was a genuinely great video. Thanks for posting.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on April 29, 2021, 03:28:56 AM
you're welcome, buddy.

I am still pondering whether to invest in some crypto or not.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 29, 2021, 04:42:26 AM
Quote from: FitnessFrenzy on April 29, 2021, 03:28:56 AM
you're welcome, buddy.

I am still pondering whether to invest in some crypto or not.

Its all manipulated by a handful of whales and YouTube channels that pump and dump projects all the time. Do you think its a coincidence that BTC is just hanging in this same area all week? lol Thats the part you need to be ready for imo.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 30, 2021, 02:00:13 AM
Are we going to see BTC  start to breakout from its slump today?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on April 30, 2021, 02:46:32 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 30, 2021, 03:45:45 AM
Quote from: Bindare_Dundat on April 30, 2021, 02:00:13 AM
Are we going to see BTC  start to breakout from its slump today?

Maybe one more mini dump down to low 50s and then a run to an ATH
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on April 30, 2021, 07:54:40 AM
Looks like Bitcoin could be breaking out.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 30, 2021, 08:31:18 AM
Quote from: Griffith on April 30, 2021, 07:54:40 AM
Looks like Bitcoin could be breaking out.


Quote from: Bindare_Dundat on April 30, 2021, 02:00:13 AM
Are we going to see BTC  start to breakout from its slump today?

lmao.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on April 30, 2021, 08:41:45 AM
Quote from: Bindare_Dundat on April 29, 2021, 04:42:26 AM
Its all manipulated by a handful of whales and YouTube channels that pump and dump projects all the time. Do you think its a coincidence that BTC is just hanging in this same area all week? lol Thats the part you need to be ready for imo.

I tend to agree and that is also one of the reasons why I have never invested in crypto.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on April 30, 2021, 10:52:29 AM
Gentlemen,

I'm looking to buy a small position into MATIC/Polygon.

If it's truly a way to scale Ethereum, it could serve as a conduit for it in many ways.

Doing my own research of course, but feedback regarding MATIC from those vested or otherwise, would be appreciated.

Thanks.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 30, 2021, 11:31:10 AM
Quote from: OneMoreRep on April 30, 2021, 10:52:29 AM
Gentlemen,

I'm looking to buy a small position into MATIC/Polygon.

If it's truly a way to scale Ethereum, it could serve as a conduit for it in many ways.

Doing my own research of course, but feedback regarding MATIC from those vested or otherwise, would be appreciated.

Thanks.

"1"


If you're looking for short term gains then it's worth buying. Long term (3+ years) then no. When Ethereum 2.0 is ready Matic will likely become redundant.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 30, 2021, 01:45:16 PM
Quote from: OneMoreRep on April 30, 2021, 10:52:29 AM
Gentlemen,

I'm looking to buy a small position into MATIC/Polygon.

If it's truly a way to scale Ethereum, it could serve as a conduit for it in many ways.

Doing my own research of course, but feedback regarding MATIC from those vested or otherwise, would be appreciated.

Thanks.

"1"

Never buy anything thats pumping already. Matic had a huge parabolic move already. Wait for a pullback 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 30, 2021, 01:46:42 PM
Quote from: Flexacon on April 30, 2021, 11:31:10 AM

If you're looking for short term gains then it's worth buying. Long term (3+ years) then no. When Ethereum 2.0 is ready Matic will likely become redundant.

Eth 2.0 is years away from completion
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on April 30, 2021, 01:50:18 PM
Quote from: Bindare_Dundat on April 30, 2021, 01:45:16 PM
Never buy anything thats pumping already. Matic had a huge parabolic move already. Wait for a pullback

Not planning to buy now particularly, but definitely soon.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on April 30, 2021, 01:52:28 PM
Quote from: Flexacon on April 30, 2021, 11:31:10 AM

If you're looking for short term gains then it's worth buying. Long term (3+ years) then no. When Ethereum 2.0 is ready Matic will likely become redundant.

It would be for a short term (<2 years) hold, but could last longer as I think ETH 2.0 might take a while.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 30, 2021, 02:21:54 PM
Quote from: Bindare_Dundat on April 30, 2021, 01:46:42 PM
Eth 2.0 is years away from completion

Well it's being done in stages so it could easily mean Matic becomes redundant before eth 2.0 is completed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 30, 2021, 02:24:58 PM
Quote from: Flexacon on April 30, 2021, 11:31:10 AM

If you're looking for short term gains then it's worth buying. Long term (3+ years) then no. When Ethereum 2.0 is ready Matic will likely become redundant.
I am not sure about that. Layer 2 solutions would still be relevant even after ETH 2.0 is implemented.

https://academy.ivanontech.com/blog/breaking-down-eth-2-0-ethereum-layer-2-and-scalability-explained
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 30, 2021, 02:52:41 PM
Great watch.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 30, 2021, 03:00:11 PM
Quote from: obsidian on April 30, 2021, 02:24:58 PM
I am not sure about that. Layer 2 solutions would still be relevant even after ETH 2.0 is implemented.

https://academy.ivanontech.com/blog/breaking-down-eth-2-0-ethereum-layer-2-and-scalability-explained

The noise (from Vitalik) suggests Eth 2.0 will use rollup based Layer 2 solutions and Matic is not roll up based. Matic may still have a place (especially if they add rollup) but it will be taking a smaller piece of the pie if any with Eth 2.0.

As things stand I only see it as a short term bet.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 30, 2021, 04:26:15 PM
Quote from: Bindare_Dundat on April 30, 2021, 02:52:41 PM
Great watch.



Yeah that was a good video and he made a great case for Cardano. But his Zoom replacing Citrix analogy was weak. A better one would be ethereum is like android, binance coin is like iOS and Cardano is a potential android killer. Let's say HarmonyOS.

Like android, Eth is getting regular updates and upgrades, has side projects to help usability (android apps which help your phone work better). Has a high level of acceptance, market share and more resources. It's gonna be harder for Cardano to break into that than the video makes out.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 30, 2021, 04:36:00 PM
Quote from: Flexacon on April 30, 2021, 04:26:15 PM
Yeah that was a good video and he made a great case for Cardano. But his Zoom replacing Citrix analogy was weak. A better one would be ethereum is like android, binance coin is like iOS and Cardano is a potential android killer. Let's say HarmonyOS.

Like android, Eth is getting regular updates and upgrades, has side projects to help usability (android apps which help your phone work better). Has a high level of acceptance, market share and more resources. It's gonna be harder for Cardano to break into that than the video makes out.

The bottom line is that all these projects have great people working behind then that have experience. Its just a metter of time to see how it all unfolds.

And what a time. Some really great long term  investments are with us and we are still so very early.

BTC still inching ahead. What a day. So glad Ive been having insomnia lately.Lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on April 30, 2021, 05:07:44 PM
When someone boasts about ETH’s new issuance policy just say “Wow neat can’t wait to see what the leaders change it to next.”
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 30, 2021, 07:29:56 PM
Quote from: Theoak* on April 30, 2021, 05:07:44 PM
When someone boasts about ETH’s new issuance policy just say “Wow neat can’t wait to see what the leaders change it to next.”

Exactly. ETH IS NOT DECENTRALIZED. Indeed its quite the opposite.

This may not necessarily be its downfall, but it could well be in the long-run. Certainly a huge issue (flaw?) that people need to be aware of. Short term though seems lots of excitement around it, so occasionally we will see eth pumps (and alt pumps) as BTC's overall market cap grows...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 30, 2021, 09:09:02 PM
Quote from: gib on April 30, 2021, 07:29:56 PM
Exactly. ETH IS NOT DECENTRALIZED. Indeed its quite the opposite.

This may not necessarily be its downfall, but it could well be in the long-run. Certainly a huge issue (flaw?) that people need to be aware of. Short term though seems lots of excitement around it, so occasionally we will see eth pumps (and alt pumps) as BTC's overall market cap grows...

It's far from a potential downfall.

Right now bitcoin offers very little other than being a store of value or "digital gold", so you hold Bitcoin because of its scarcity. You only gain anything if there is and increase in demand for it, otherwise at best it breaks even for you or loses value.

Eth offers a potential financial incentive for "locking" it up on their network. That is where it's store value will come from. Locking up your Eth will eventually be like owning "digital real estate". You sit back, collect rent and don't need too worry much about it losing value as by its very nature there will be demand for it..

Once the gold rush is over everyone will naturally want to migrate to property. If this stays a 2 horse race, then it's only a matter of time before Eth overtakes Bitcoin (admittedly it could still be a long ass time)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on April 30, 2021, 09:31:51 PM
Quote from: Flexacon on April 30, 2021, 09:09:02 PM
I

Eth offers a potential financial incentive for "locking" it up on their network. That is where it's store value will come from. Locking up your Eth will eventually be like owning "digital real estate". You sit back, collect rent and don't need too worry much about it losing value as by its very nature there will be demand for it..



I do that  now with Btc, Eth, Ltc.  This is not exclusive to Eth only. "Rent" is paid to me monthly in BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 30, 2021, 09:43:31 PM
Quote from: Theoak* on April 30, 2021, 09:31:51 PM
I do that  now with Btc, Eth, Ltc.  This is not exclusive to Eth only. "Rent" is paid to me monthly in BTC.

And Eth is just as much a store value right now as a decentralized bitcoin.

My point was more about where all this is going and that's generally the whole point of crypto, moving things forward into a new world. Otherwise we might as well stick to holding cash, gold and ammunition ala anabolic.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 30, 2021, 09:51:27 PM
Im getting a little worried at the parabolic run Eth is having. Theres been some bearish divergences and its  ascending channel looks liks it could form a wedge. . We all know how BTC's wedge ended just recently. Took a big shit. Might happen here too and we'll see BTC regain dominance. 

Edit: Also, parabolic runs usually have big corrections till the next big news comes around the corner. Or will this carry into the eip1559 timeframe and then take a dump?Time will tell .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on April 30, 2021, 10:05:07 PM
Quote from: Flexacon on April 30, 2021, 09:43:31 PM
And Eth is just as much a store value right now as a decentralized bitcoin.

My point was more about where all this is going and that's generally the whole point of crypto, moving things forward into a new world. Otherwise we might as well stick to holding cash, gold and ammunition ala anabolic.

Maybe its cause I havent been sleeping these days and my brain is turning to mush, but how is this so when they arent burning any eth yet? How could it be a store of value when the supply is still unlimited as far as I know.  Arent these things tied in to how stored value works in some regard?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 30, 2021, 10:06:50 PM
Quote from: Bindare_Dundat on April 30, 2021, 09:51:27 PM
Im getting a little worried at the parabolic run Eth is having. Theres been some bearish divergences and its forming a ridiculous ascending wedge. We all know how the BTC's wedge ended just recently. Took a big shit. Might happen here too and we'll see BTC regain dominance.  Time will tell if this will carry into eip1559 time frame.

Look what bitcoin did between Jan 2014 to Dec 2018. Then go look at Eth between Jan 2018 and now.

Eth is on an almost identical trajectory to that of Bitcoin which ended it's parabolic run at close to 20K.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 30, 2021, 10:12:29 PM
Quote from: Bindare_Dundat on April 30, 2021, 10:05:07 PM
Maybe its cause I havent been sleeping these days and my brain is turning to mush, but how is this so when they arent burning any eth yet? How ould it be a store of value when the supply is still unlimited as far as I know.

Same reason bitcoin is seen as a store of value. It's an asset that's holding it's value.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 30, 2021, 10:56:17 PM
Quote from: Bindare_Dundat on April 30, 2021, 10:05:07 PM
Maybe its cause I havent been sleeping these days and my brain is turning to mush, but how is this so when they arent burning any eth yet? How could it be a store of value when the supply is still unlimited as far as I know.  Arent these things tied in to how stored value works in some regard?
The ETH inflation rate (amount of ETH minted) is still relatively low. Right now it has a supply which is only 6x that of Bitcoin. Yet the price is not 1/6th of BTC. At its peak Ethereum's value was as high as 15% of 1 Bitcoin in 2017. Over its life it has outperformed Bitcoin however BTC did outpace Ethereum at some points - depending on which timeframe you look at.

You make it sound like there's a few trillion Ethereum available because of the unlimited supply. This is not the case. Go look at the amount in circulation. And it will not inflate that much by the time EIP 1559 comes in July. I feel like Ethereum's price should have been $9,000-$10,000 with a price of BTC at $60,000.

I wonder why Zcash is not worth more. It has the same supply cap as Bitcoin - 21 million. And Zcash can also be more anonymous than it's big brother Bitcoin. Why is ZEC so cheap? I have a few ZEC that I mined in 2018. Back then you could still mine it with a GPU.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 30, 2021, 11:20:23 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 30, 2021, 11:57:02 PM
Shark Tank's Kevin O'Leary is bullish on Ethereum and James Wang, ex Ark Analyst, thinks it's headed to $40,000.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 01, 2021, 01:38:08 AM
Quote from: obsidian on April 30, 2021, 11:57:02 PM
Shark Tank's Kevin O'Leary is bullish on Ethereum and James Wang, ex Ark Analyst, thinks it's headed to $40,000.



Lol fuck that clown. Lied about owning crypto. Called it shit while accumulating and then using lame excuses  like he couldn't say he owned any for whatever reason. Ok, but you didn't have to call crypto garbage , just could have said, I dont know enough about it or whatever.

Just like other liars that quietly collected btc while publicly calling it useless.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 01, 2021, 01:54:33 AM
Quote from: obsidian on April 30, 2021, 10:56:17 PM
The ETH inflation rate (amount of ETH minted) is still relatively low. Right now it has a supply which is only 6x that of Bitcoin. Yet the price is not 1/6th of BTC. At its peak Ethereum's value was as high as 15% of 1 Bitcoin in 2017. Over its life it has outperformed Bitcoin however BTC did outpace Ethereum at some points - depending on which timeframe you look at.

You make it sound like there's a few trillion Ethereum available because of the unlimited supply. This is not the case. Go look at the amount in circulation. And it will not inflate that much by the time EIP 1559 comes in July. I feel like Ethereum's price should have been $9,000-$10,000 with a price of BTC at $60,000.

I wonder why Zcash is not worth more. It has the same supply cap as Bitcoin - 21 million. And Zcash can also be more anonymous than it's big brother Bitcoin. Why is ZEC so cheap? I have a few ZEC that I mined in 2018. Back then you could still mine it with a GPU.

There's 115million ether in circulation currently. Up 4% from last year. Is that correct?

Eip 1559 isn't here yet. Wasnt it already supposed to be out in February? I keep hearing more and more talk about how difficult it will be to upgrade to 2.0.

Dont Cardano and Solano already do everything Eth wants to be, is that not correct?

Whats kept eth from being 9k yet then?
You tell me,  why is zcash so cheap?

Always appreciate your input. It helps.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 01, 2021, 02:08:16 AM
Quote from: Bindare_Dundat on May 01, 2021, 01:38:08 AM
Lol fuck that clown. Lied about owning crypto. Called it shit while accumulating and then using lame excuses  like he couldn't say he owned any for whatever reason. Ok, but you didn't have to call crypto garbage , just could have said, I dont know enough about it or whatever.

Just like other liars that quietly collected btc while publicly calling it useless.
Lol I don't doubt a lot of big critics have crypto. Bill Gates, Warren Buffet? They could easily throw a few million at crypto and not even blink an eye.

Let's look at where we are now compared to Bitcoin's 2017 run. I did this comparison before and it looks like I used the wrong day (2nd of the month) for some of the Bitcoin monthly open prices in 2017. So these differ from my other posts.

Ethereum Open Price 2021:
Jan 01, 2021   737.71
Feb 01, 2021   1,314.86
Mar 01, 2021   1,417.15
Apr 01, 2021   1,919.16
May 01, 2021   2,777.17   (High of 2,866.19)

Bitcoin Open Price 2017:
Jan 01, 2017   963.66
Feb 01, 2017   970.94
Mar 01, 2017   1,180.04
Apr 01, 2017   1,080.61
Apr 14, 2017   1,170.33
May 01, 2017   1,348.30   (High of 1,434,32)
Jun 01, 2017   2,288.33
Jul 01, 2017   2,492.60
Aug 01, 2017   2,871.30
Sep 01, 2017   4,701.76
Oct 01, 2017   4,341.05   
Nov 01, 2017   6,440.97
Dec 01, 2017   10,198.60
Dec 17, 2017   19,475.80
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 01, 2021, 02:45:46 AM
Quote from: Bindare_Dundat on May 01, 2021, 01:54:33 AM
There's 115million ether in circulation currently. Up 4% from last year. Is that correct?

Eip 1559 isn't here yet. Wasnt it already supposed to be out in February? I keep hearing more and more talk about how difficult it will be to upgrade to 2.0 and Cardano already does everything Eth wants to be, is that not correct?

Whats kept eth from being 9k yet then?
You tell me,  why is zcash so cheap?

Always appreciate your input. It helps.
Bitcoin being an older crypto weathered the 2018 crash better than Ethereum. So Ethereum lost a lot of ground and dropped to around $80. Cardano and many other cryptos also crashed a great deal. Bitcoin crashed also but not as much from it's ATH. So now Ethereum has more ground to make up and this is one of the reasons it is not @ $9k right now. Blockchains appear to follow Metcalfe's law and so far Ethereum has been on a similar trajectory as Bitcoin. It is ahead as far as price goes compared to Bitcoin's point in time in 2017.

But look how the price has been trending. The price doubled from January to March and again from March to May. Another doubling would put it close to $6,000 and the next at $12.000.

Even if EIP-1559 is not implemented then Ethereum's inflation per year will eventually trend to zero.

https://learn.equos.io/news/how-does-eth-inflation-effect-its-value

As one Twitter commenter pointed out, with ETH, the annual inflation per year will eventually trend to zero. This is graphically represented in the below chart taken from the Ethereum whitepaper.

(https://learn.equos.io/storage/app/uploads/public/5de/986/94a/thumb__1000_0_0_0_auto.png)

IN addition, not all ETH that is mined is sold by miners since many of them HODL them out of circulation. Many more tokens are permanently lost due to various reasons, from security breaches to human error, or even death.

Imagine what would happen to the price if it became deflationary?!

I am not sure why privacy coins like Zcash and Monero are not worth more. They could pump if a lot of crypto tax regulation is passed as people try to find a haven from it. They offer privacy features that would be ideal for heavy tax scenarios. Perhaps people are leery to invest in privacy coins because they are concerned that governments will outlaw them.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 01, 2021, 02:52:27 AM
Quote from: Croatch on June 18, 2015, 02:53:13 PM
I saw a documentary on Bitcoin.  What an odd group.  I'll stay with cash for now, but thanks.
Bunch of Internet geeks looking for the funny money to use as currency, created by a guy who was undefined.  Sounds legitimate.
Their big selling feature to stores is, we only take 1% of transactions.  Uhh...yeah, I'll pass again.  If the 3% on a card is that big an issue, just take cash.
From the front page in this thread.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on May 01, 2021, 03:46:20 AM
Bill Maher just destroyed cryptocurrency on his show last night.  He's right.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 01, 2021, 04:13:45 AM
Quote from: Humble Narcissist on May 01, 2021, 03:46:20 AM
Bill Maher just destroyed cryptocurrency on his show last night.  He's right.

Lmao. Omg  we are really getting worse and worse with the celebrity know nothings on crypto posts. Stop it guys. Bill Maher knows as much about crypto as my grandma.
At least post an opinion from someone that isn't a moron.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 01, 2021, 04:44:35 AM
Quote from: Humble Narcissist on May 01, 2021, 03:46:20 AM
Bill Maher just destroyed cryptocurrency on his show last night.  He's right.

Most of his points were about bitcoin. He should have just stuck to shitting on bitcoin and not all crypto.

Anyway we've been here before..

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on May 01, 2021, 05:06:03 AM
Quote from: Bindare_Dundat on May 01, 2021, 04:13:45 AM

Lmao. Omg  we are really getting worse and worse with the celebrity know nothings on crypto posts. Stop it guys. Bill Maher knows as much about crypto as my grandma.
At least post an opinion from someone that isn't a moron.
Someone posted the video in another thread.  Watch it.  He is dead on accurate.  I know it's Bill Maher but even a broken clock is right 2X a day. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 01, 2021, 07:12:14 AM
Quote from: Humble Narcissist on May 01, 2021, 05:06:03 AM
Someone posted the video in another thread.  Watch it.  He is dead on accurate.  I know it's Bill Maher but even a broken clock is right 2X a day.

No I'm not going to watch that asshole. Hes a pompous douch that probably has a giant chip.on his shoulder that people are talking about and making money off something that he doesn't understand. Young schmucks coming out of the woodwork with dough made ina fraction of the time it took him to make his.

However,  I do agree that most of the crypto space is completely over valued, alot of it is absolute horseshit and there's too.many people milking the space shilling exchange sign ups.

There are also some legit projects  out there that you can use to your financial advantage.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on May 01, 2021, 07:28:32 AM
Quote from: Bindare_Dundat on May 01, 2021, 04:13:45 AM

Lmao. Omg  we are really getting worse and worse with the celebrity know nothings on crypto posts. Stop it guys. Bill Maher knows as much about crypto as my grandma.
At least post an opinion from someone that isn't a moron.

So what are you planning to do with all the "Coins" you bought? Eat it? Drink it? Are they of use in the industry, jewelry, computer chips, aviation, aerospace, like gold, or other industrial metals? Can you fuel your car with it? Or is your only hope that you're gonna find some even bigger idiot than yourself buying it from you for an even higher price, so you can buy some stuff from the real world? I think that's what's called a "Ponzi scheme" in economics. :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on May 01, 2021, 11:15:02 AM
Quote from: Bindare_Dundat on May 01, 2021, 07:12:14 AM
No I'm not going to watch that asshole. Hes a pompous douch that probably has a giant chip.on his shoulder that people are talking about and making money off something that he doesn't understand. Young schmucks coming out of the woodwork with dough made ina fraction of the time it took him to make his.

However,  I do agree that most of the crypto space is completely over valued, alot of it is absolute horseshit and there's too.many people milking the space shilling exchange sign ups.

There are also some legit projects  out there that you can use to your financial advantage.
He debunks everything you just said.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 01, 2021, 11:43:33 AM
Quote from: affeman on May 01, 2021, 07:28:32 AM
So what are you planning to do with all the "Coins" you bought? Eat it? Drink it? Are they of use in the industry, jewelry, computer chips, aviation, aerospace, like gold, or other industrial metals? Can you fuel your car with it? Or is your only hope that you're gonna find some even bigger idiot than yourself buying it from you for an even higher price, so you can buy some stuff from the real world? I think that's what's called a "Ponzi scheme" in economics. :D

I buy and sell, I dont collect them for the fuck of it. lol and yeah they put alot of gas in my car, wtf? loll are you brain damaged or is that thick sarcasm that went over my head?


Anyway..... this latest eth move is worrying. Hope im wrong but this looks its gonna come crashing down hard with a steep correction. As it stands this quick a move seems completly detached from any real fundamentals. FOMO run wild?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 01, 2021, 12:58:27 PM
Quote from: Bindare_Dundat on May 01, 2021, 11:43:33 AM



Anyway..... this latest eth move is worrying. Hope im wrong but this looks its gonna come crashing down hard with a steep correction. As it stands this quick a move seems completly detached from any real fundamentals. FOMO run wild?

Why are you worried? You mentioned parabolic growth, but if you look at what Eth has done this year and account for fluctuations, then its growth has been pretty linear.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 01, 2021, 02:04:16 PM
Quote from: Flexacon on May 01, 2021, 12:58:27 PM
Why are you worried? You mentioned parabolic growth, but if you look at what Eth has done this year and account for fluctuations, then its growth has been pretty linear.

Perhaps parabolic was overstated,  nevertheless let's see how it pans out but from.what I'm seeing on the charts this is crying for a correction. Could be wrong.  :-\
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on May 01, 2021, 03:45:25 PM
The adoption of Bitcoin is not going to stop because Bill Maher and a handful of getbiggers are too lazy to take the time to understand what it's all about.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 02, 2021, 03:06:44 AM
Quote from: Humble Narcissist on May 01, 2021, 05:06:03 AM
Someone posted the video in another thread.  Watch it.  He is dead on accurate.  I know it's Bill Maher but even a broken clock is right 2X a day.

I watched it as you suggested. My take was he was doing more of a comedy segment type thing rather than actually talking about it as a use case.

What he said applies to the current system. We are debt based so it’s not real. if you repay debt it vanishes from the money supply (deflation). We use computers to click buttons and make billions without productivity. Jesus was he for real?

I know you love to troll but give yourself an uppercut lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on May 02, 2021, 04:38:30 AM
Quote from: Mayday on May 02, 2021, 03:06:44 AM
I watched it as you suggested. My take was he was doing more of a comedy segment type thing rather than actually talking about it as a use case.

What he said applies to the current system. We are debt based so it’s not real. if you repay debt it vanishes from the money supply (deflation). We use computers to click buttons and make billions without productivity. Jesus was he for real?

I know you love to troll but give yourself an uppercut lol
And yet the grocery stores and gas stations take my fake fiat money.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 02, 2021, 04:49:31 AM
(https://www.flowbank.com/hubfs/crypto%20mining%20esg%20etf.jfif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 02, 2021, 04:50:41 AM
(https://www.flowbank.com/hubfs/E0A7d-cWQAE1zUD.png)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 02, 2021, 05:54:47 AM
Quote from: FitnessFrenzy on May 02, 2021, 04:50:41 AM
(https://www.flowbank.com/hubfs/E0A7d-cWQAE1zUD.png)

A little tip - past performance does not equal future. If you are looking at how to invest going forwards you might literally be better off turning that chart upside down. Slow but certain is a far better approach than very uncertain but with possible hugh upside...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 02, 2021, 05:58:31 AM
Quote from: Humble Narcissist on May 02, 2021, 04:38:30 AM
And yet the grocery stores and gas stations take my fake fiat money.

Of course. And then someone a touch more financially savvy than you takes it and converts it into anything but fiat money. :) Could be stock buybacks. Could be buying new businesses or business expansion. Could be a non fiat currency like BTC. Could even be repayment of debt. It definitely is not keeping it in (infinitely declining in value) cash.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 02, 2021, 10:24:06 AM
Quote from: gib on May 02, 2021, 05:54:47 AM
A little tip - past performance does not equal future. If you are looking at how to invest going forwards you might literally be better off turning that chart upside down. Slow but certain is a far better approach than very uncertain but with possible hugh upside...

Gotta agree with gib here. It's all well and good spotting a pump and dump and making the most of it, but it won't end well if your long term strategy is to sit around looking at lines on a screen or tweets in the hopes of catching them.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 02, 2021, 04:15:32 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 02, 2021, 08:48:18 PM
Quote from: Flexacon on May 02, 2021, 10:24:06 AM
Gotta agree with gib here. It's all well and good spotting a pump and dump and making the most of it, but it won't end well if your long term strategy is to sit around looking at lines on a screen or tweets in the hopes of catching them.

The bigger the market cap the lower the vol likely will be. The bigger the market cap the lower the risk losing all is likely to be.

The smaller the market cap the higher the vol likely will be.The smaller the market cap the lower the risk losing all is likely to be.

Its all fun in a rising market, if you manage to pick the right alt. But boy will the alts be hit hard and boy will the money flow back into the safety of BTC come the next bear market...)

Mark my words...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 02, 2021, 09:19:42 PM
Quote from: gib on May 02, 2021, 08:48:18 PM
The bigger the market cap the lower the vol likely will be. The bigger the market cap the lower the risk losing all is likely to be.

The smaller the market cap the higher the vol likely will be.The smaller the market cap the lower the risk losing all is likely to be.

Its all fun in a rising market, if you manage to pick the right alt. But boy will the alts be hit hard and boy will the money flow back into the safety of BTC come the next bear market...)

Mark my words...

Itll all go down in a real bear market. BTC is no exception.
 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 03, 2021, 03:39:20 AM
Quote from: Humble Narcissist on May 02, 2021, 04:38:30 AM
And yet the grocery stores and gas stations take my fake fiat money.

And so they should because it’s your local currency. I can’t buy shit with USD here yet it’s the world reserve currency so your point is utterly useless.

You can’t pay them in artwork. You can’t pay them in houses. You can’t pay them in gold.

We sell our financial assets and labour into local currency to buy food from the supermarket.

We store our currency in financial assets because they protect against currency devaluation.

Pretty straightforward.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on May 03, 2021, 04:21:07 AM
Quote from: Mayday on May 03, 2021, 03:39:20 AM
And so they should because it’s your local currency. I can’t buy shit with USD here yet it’s the world reserve currency so your point is utterly useless.

You can’t pay them in artwork. You can’t pay them in houses. You can’t pay them in gold.

We sell our financial assets and labour into local currency to buy food from the supermarket.

We store our currency in financial assets because they protect against currency devaluation.

Pretty straightforward.
Not as useless as cryptos.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 03, 2021, 04:34:14 AM
Quote from: Humble Narcissist on May 03, 2021, 04:21:07 AM
Not as useless as cryptos.
Fellas, pay close attention to Humble Narcissist's posts (or Peter Schiff's tweets). If they ever come around to accepting cryptos we will be at a market top. Sell all your cryptos at that point and wait for the dust to settle.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 03, 2021, 04:37:07 AM
Ethereum new ATH of $3,228.89. It might move all the way to $4k.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 03, 2021, 05:18:06 AM
Quote from: obsidian on May 03, 2021, 04:37:07 AM
Ethereum new ATH of $3,228.89. It might move all the way to $4k.



Bro, please stop.posting these jag offs. This guys is one of the worst. He calls both moves to the upside and downside so he can say he predicted it exactly as it happened and has called just about every price prediction between 3000 and 100,000. He makes his money shilling bybit. So many wankers in crypto. Tons and tons of these clowns.and their open cock eating mouths are vomit inducing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 03, 2021, 06:24:19 AM
Quote from: FitnessFrenzy on May 02, 2021, 04:50:41 AM
(https://www.flowbank.com/hubfs/E0A7d-cWQAE1zUD.png)

The so called alt-season has been dragging capital out of BTC while it's sideways. When BTC price rips up, that capital will flow back in.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 03, 2021, 07:10:11 AM
&t=613s
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 03, 2021, 09:29:12 AM
Quote from: Griffith on May 03, 2021, 07:10:11 AM
&t=613s

You guys are killing me. Lol this guy told his viewers to enter a long trade at 61k just before everything tanked to 47k.

Go ahead and follow him for serious life changing trades. Lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 03, 2021, 09:31:24 AM
I can't stand 99% of the YouTubers that cover cryptocurrencies. If it isn't the flase advertising/clickbait writeups for their videos, it's the stupid selfies they plaster over the videos making them look like retards.

One of the few I can at least sit through is Bitboy_Crypto. If you have any suggestions, let me know.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 03, 2021, 09:33:01 AM
Quote from: Theoak* on May 03, 2021, 06:24:19 AM
The so called alt-season has been dragging capital out of BTC while it's sideways. When BTC price rips up, that capital will flow back in.

Not necessarily since most people don't need to buy btc anymore to purchase these alt coins. We could be seeing the top of the market in alts and then this bull run being over without the blow off btc top.

I hate sounding like a broken record but guys need to remember to take profit when you have the chance.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 03, 2021, 09:34:07 AM
Quote from: OneMoreRep on May 03, 2021, 09:31:24 AM
I can't stand 99% of the YouTubers that cover cryptocurrencies. If it isn't the flase advertising/clickbait writeups for their videos, it's the stupid selfies they plaster over the videos making them look like retards.

One of the few I can at least sit through is Bitboy_Crypto. If you have any suggestions, let me know.

"1"

Digital Asset News is great level headed stuff. Also Sheldon Evans. Thats all you need for the investing aspect.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on May 03, 2021, 09:39:22 AM
Quote from: gib on May 02, 2021, 05:54:47 AM
A little tip - past performance does not equal future.



HILARIOUS   ^^^^   ;D ;D


The clickbait faces the YouTube crypto pump dorks make really make me want to invest ...   ::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 03, 2021, 09:58:05 AM
Holy crap. Did you guys see the crazy BTC wick that dropped to 54.6k? Think about how many traders got destroyed with that. Totally manipulated crap games to destroy people.  Unreal
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 03, 2021, 10:09:57 AM
ETH $ 3,256.60
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 03, 2021, 10:22:40 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on May 03, 2021, 10:34:21 AM
Quote from: obsidian on May 03, 2021, 04:34:14 AM
Fellas, pay close attention to Humble Narcissist's posts (or Peter Schiff's tweets). If they ever come around to accepting cryptos we will be at a market top. Sell all your cryptos at that point and wait for the dust to settle.
Even better, you should have already sold Bitcoin.  Let a few more idiots purchase Dogecoin thinking they are going to get rich before selling all of it.  Those that get out of a Ponzi scheme early make out.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 03, 2021, 10:46:16 AM
Quote from: Bindare_Dundat on May 03, 2021, 10:09:11 AM
I think this is the beginning if the end for this cycle. I'm ready to exit very very soon because I just don't like what I'm seeing here. These runs are totally speculative FOMO and based on nothing that should give them these prices at this point. Even large institutions can get burned and just cause they are entering the market doesn't mean they always make good decisions. We already know this via Lehman Bros.

Relax bro. Bitcoin is far from done in this cycle. It can still x1.7 to x2.2

Eth anything from x3 to x9. It might even overtake bitcoin on market cap!

Also it's not FOMO right now in the big 2 (it probably will be soon) There are sound reasons for investing in bitcoin and in the case of ETH, the run it's going on has some teeth! Lower gas prices, taking steps to move from proof of concept to working in the real world and adoption in the finance sector being 3 reasons.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 03, 2021, 12:02:48 PM
Quote from: Bindare_Dundat on May 03, 2021, 05:18:06 AM
Bro, please stop.posting these jag offs. This guys is one of the worst. He calls both moves to the upside and downside so he can say he predicted it exactly as it happened and has called just about every price prediction between 3000 and 100,000. He makes his money shilling bybit. So many wankers in crypto. Tons and tons of these clowns.and their open cock eating mouths are vomit inducing.
Watch his TA. You're wrong about it. Carl donated over $100,000 recently to a charity for kids because he grew up with a  brother that has had a lot of health issues.

Yes the funny thumbnail faces can annoy some people. Alex Becker has hilarious thumbnails with his hoodie, sunglasses and phrases like "Maybe illegal" lmao!

But you have to look past those thumbnails. They all bring valid contributions to the space.

Carl's "Exaaacctly as Predicted" phrase is a nice inside joke that they all share. They know they might get it wrong sometimes.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 03, 2021, 12:04:12 PM
Quote from: Flexacon on May 03, 2021, 10:46:16 AM
Relax bro. Bitcoin is far from done in this cycle. It can still x1.7 to x2.2

Eth anything from x3 to x9. It might even overtake bitcoin on market cap!

Also it's not FOMO right now in the big 2 (it probably will be soon) There are sound reasons for investing in bitcoin and in the case of ETH, the run it's going on has some teeth! Lower gas prices, taking steps to move from proof of concept to working in the real world and adoption in the finance sector being 3 reasons.
I agree. Ethereum has been undervalued compared to Bitcoin. When you look at the fundamentals the price should be a lot higher. A $9k-$10k Eth with a BTC price at $60k sounds fair to me.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 03, 2021, 12:12:09 PM
Quote from: OneMoreRep on May 03, 2021, 09:31:24 AM
I can't stand 99% of the YouTubers that cover cryptocurrencies. If it isn't the flase advertising/clickbait writeups for their videos, it's the stupid selfies they plaster over the videos making them look like retards.

One of the few I can at least sit through is Bitboy_Crypto. If you have any suggestions, let me know.

"1"
Bitboy collaborates with a select few. He gets many offers that he has to reject. And he has collaborated with Moon Carl, Benjamin Cowen and MMCrypto. He also had Ivan on Tech on once.

Other guys you could check out are CryptosRUs (We are all George), Coin Bureau, Lark Davis, Altcoin Daily and a few others. Alex Becker is useful to listen to because he comes from the point of someone who is not emotionally attached to any project and gives a glimpse of how some traders approach cryptos. But he is missing the boat with Ethereum right now.

I think they all bring valuable input and you can gauge what the mood is with cryptos by watching their videos. I listen to them in the car or at the gym sometimes when doing cardio.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 03, 2021, 12:18:07 PM
Quote from: Bindare_Dundat on May 03, 2021, 10:09:11 AM
I think this is the beginning if the end for this cycle. I'm ready to exit very very soon because I just don't like what I'm seeing here. These runs are totally speculative FOMO and based on nothing that should give them these prices at this point. Even large institutions can get burned and just cause they are entering the market doesn't mean they always make good decisions. We already know this via Lehman Bros.
And then what are people going to do? Hold on to their rapidly depreciating fiat? I don't think so.

Go look at the fundamentals of Ethereum to understand why it is going up in price. I have been saying this for a while now and you dismissed Ethereum and pumped Cardano. You sold Ethereum at $2,200 just recently right? And now it is at $3,300. What you need is stronger hands, you sell way to easy. I held Ethereum back in 2017-present all the way down to $80 and back up to where it is now. My approach is I would rather hold and see it go to zero than sell and see it go to the moon.

This is Michael Saylor's approach. He says you can't really beat the market and he admits he is terrible at trading so he is just making a super long bet that the price of BTC will go up and he will just hodl indefinitely. Warren Buffet had the same approach with stocks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 03, 2021, 12:23:34 PM
Quote from: obsidian on May 03, 2021, 12:18:07 PM
And then what are people going to do? Hold on to their rapidly depreciating fiat? I don't think so.

Go look at the fundamentals of Ethereum to understand why it is going up in price. I have been saying this for a while now and you dismissed Ethereum and pumped Cardano. You sold Ethereum at $2,200 just recently right? And now it is at $3,300. What you need is stronger hands, you sell way to easy. I held Ethereum back in 2017-present all the way down to $80 and back up to where it is now. My approach is I would rather hold and see it go to zero than sell and see it go to the moon.

This is Michael Saylor's approach. He says you can't really beat the market and he admits he is terrible at trading so he is just making a super long bet that the price of BTC will go up and he will just hodl indefinitely. Warren Buffet had the same approach with stocks.
Yeah I sold some to realize actual profit. I still have some more but its much smaller amount.
I said this cycle could be over  I didn't say its the end of crypto. Show.me one chart that shows anything resembling what ethereum is doing right now that ended well and ill stop posting my negative outlook.

Remember this happened once before already . BTC is the barometer. If it fails to hold above 58k and makes another lower low. im going to realize the rest of my profit and just do some trading here and there. Leave my staking crypto to do its thing. Don't need to sit through another massive correction till next cycle.

Micheal Saylor is already rich and btc can go to zero and he will be fine. You and I are not him.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 03, 2021, 12:41:15 PM
https://www.msn.com/en-us/money/markets/ethereum-at-5-000-one-financial-advisor-ceo-says-it-could-happen-this-week/ar-BB1gjKPn?ocid=BingNewsSearch

Ethereum at $5,000? One financial advisor CEO says it could happen this week

Nigel Green, CEO and founder of deVere Group, says Ethereum’s time has come—and the digital currency is well positioned to increase its market share.

“Ether is one of the main beneficiaries in the wider explosion in the cryptocurrency market,” he said. “The boom over recent months has been fueled by soaring interest from major institutional investors and growing recognition that borderless digital currencies are the future of money. This momentum is likely to build further in the near-term and I believe Ether will hit $5,000 within seven days.”

Ethereum, the world’s second largest cryptocurrency, is up more than 321% year to date, compared to a 98% increase in the price of Bitcoin, but it hasn’t captured quite the same zeitgeist among investors.

Green argues it’s a more scalable currency and has a superior blockchain technology.

Ethereum has been on an upswing for several days after the European Investment Bank issued its first-ever digital bond sale on the Ethereum blockchain network. Bloomberg reported the sale will be led by [hotlink]Goldman Sachs[/hotlink], Banco Santander, and [hotlink]Societe Generale[/hotlink].

The supply of Ethereum has also been dropping amid increased demand and businesses have been investing in startups that revolve around Ethereum, including such big names as Mastercard, UBS, and JPMorgan. A $1,000 investment in Ether in 2015 would be worth over $4.7 million today.

“Ethereum is already years ahead of Bitcoin in everything but price and fame,” said Green. “There’s a real sense that 2021 is the year for Ether. Its time has come.”

This story was originally featured on Fortune.com
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 03, 2021, 12:43:22 PM
Quote from: Bindare_Dundat on May 03, 2021, 12:23:34 PM
Yeah I sold some to realize actual profit. I still have some more but its much smaller amount.
I said this cycle could be over  I didn't say its the end of crypto. Show.me one chart that shows anything resembling what ethereum is doing right now that ended well and ill stop posting my negative outlook.

Remember this happened once before already . BTC is the barometer. If it fails to hold above 58k and makes another lower low. im going to realize the rest of my profit and just do some trading here and there. Leave my staking crypto to do its thing. Don't need to sit through another massive correction till next cycle.

Micheal Saylor is already rich and btc can go to zero and he will be fine. You and I are not him.
Many people have predicted that Ethereum will go to $10k, $20k, $27k or even $40k this market cycle. And for Bitcoin the prediction is over $100k. We are not there yet. If you're getting spooked about a little movement like this then crypto is not for you. Go to the stock market.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tommywishbone on May 03, 2021, 12:46:08 PM
Boys help the old square.  Am I too late for this crypto stuff?  Has the ship sailed?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 03, 2021, 12:55:09 PM
Quote from: tommywishbone on May 03, 2021, 12:46:08 PM
Boys help the old square.  Am I too late for this crypto stuff?  Has the ship sailed?
I don't think so. But realize it is quite volatile. Stocks are also volatile, but not as much.

Start looking at the price chart history of the biggest cryptos by market cap. Look over a longer time frame of 5 years. Read up on all these projects and watch some of the videos on Youtube - there are tons coming out everyday. Also look at news headlines.

Like you I missed the boat with the epic stock market run from 2010-present. Amazon, Tesla, Nvidia, Apple were all great opportunities that I never benefitted from because I always thought it was too late to enter.

The best time to enter was years ago obviously. But I think the cryptocurrency space is still in its infancy. There will be big corrections along the way so keep that in mind if you get into it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 03, 2021, 01:00:14 PM
Quote from: Bindare_Dundat on May 03, 2021, 12:23:34 PM

Remember this happened once before already . BTC is the barometer. If it fails to hold above 58k and makes another lower low. im going to realize the rest of my profit and just do some trading here and there. Leave my staking crypto to do its thing. Don't need to sit through another massive correction till next cycle.

Yes and no. Eth still occasionally dips with bitcoin, but in this run Eth has also made gains or remained steady when bitcoin has taken a dump.

In the long term Eth doesn't need a viable bitcoin to succeed. Maybe the market is starting to realise this.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tommywishbone on May 03, 2021, 01:08:51 PM
Obsidian, thank you sir. Appreciated.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 03, 2021, 03:25:35 PM
What could go wrong? Looks perfectly normal.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 03, 2021, 03:52:50 PM
Quote from: Bindare_Dundat on May 03, 2021, 03:25:35 PM
What could go wrong? Looks perfectly normal.

Looks good to me. The steeper the better. The the higher the price goes, the higher the price it settles at after any crash/correction. A crash will also bring in more dip buyers.

Only people this worries are those day trading or using leverage.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 03, 2021, 05:08:35 PM
Quote from: Bindare_Dundat on May 03, 2021, 03:25:35 PM
What could go wrong? Looks perfectly normal.
Zoom out.

You complained when Ethereum was trading sideways. Said it was dead. And now when it is pumping you're pissed off. Ethereum is going to go a lot higher. The fundamentals are all in place. Go see what's in the pipeline. Ethereum is very underpriced compared to BTC. Look at how much innovation came out with all the smart contracts, DEFI and NFT space. All the stable coins that came out. Fees are also lower now after the recent upgrade. My mining profits in ETH terms are way down because these fees are lower.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Hulkotron on May 03, 2021, 05:09:10 PM
I hear Dogecoin is the new hotness.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 03, 2021, 05:14:35 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on May 03, 2021, 05:37:48 PM
Quote from: obsidian on May 03, 2021, 05:08:35 PM
Zoom out.

You complained when Ethereum was trading sideways. Said it was dead. And now when it is pumping you're pissed off. Ethereum is going to go a lot higher. The fundamentals are all in place. Go see what's in the pipeline. Ethereum is very underpriced compared to BTC. Look at how much innovation came out with all the smart contracts, DEFI and NFT space. All the stable coins that came out. Fees are also lower now after the recent upgrade. My mining profits in ETH terms are way down because these fees are lower.



An example of irrational exuberance. Try not to sound like you are trying to sign somebody up with Amway.  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 03, 2021, 05:51:23 PM
Quote from: SOMEPARTS on May 03, 2021, 05:37:48 PM


An example of irrational exuberance. Try not to sound like you are trying to sign somebody up with Amway.  ;D
Lol you're right. I hate that as well. Everything won't go up forever. Be cautious and don't buy when all you see is green. There will be corrections I agree.

It will go up and down - exaaccctly as predicted!  ;D

One big thing driving up the price of cryptos is the fiat printing that's going on. Inflation will become apparent in the future and the fact that banks don't offer decent interest on savings accounts is a big catalyst. If I could get 10% APR on a savings account I would keep fiat in it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 03, 2021, 06:00:27 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 03, 2021, 07:18:12 PM
Quote from: tommywishbone on May 03, 2021, 12:46:08 PM
Boys help the old square.  Am I too late for this crypto stuff?  Has the ship sailed?

Not too late at all, if you take a longer term view. As I have said many many times - Buy BTC. Hodl. Simple.

It may be the best ever financial decision you make in your life.

The opportunity is still there to become a wholecoiner, much in the future will give you a very privileged status. But its fast becoming out of reach as the rich, powerful and elite seek to preserve their status in the world...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 03, 2021, 07:24:30 PM
Well this thread just came to life, entertaining as always LOL!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 03, 2021, 07:41:58 PM
Quote from: tommywishbone on May 03, 2021, 12:46:08 PM
Boys help the old square.  Am I too late for this crypto stuff?  Has the ship sailed?

Depends on your financial circumstances. If you're financially comfortable and have some spare cash then putting 5% to 10% in crypto right now wouldn't be a bad move for you. If crypto dies and your finances taking a 10% hit, your life won't really change much . If crypto flies then so do you.

If money is tight then save what you can for the next year or 2, and hope there is a crash so you can buy and get the more out of your crypto investments. If it doesn't crash then at least you have some money saved.

Either way you need to make it a long term play.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 04, 2021, 01:50:14 AM
Quote from: obsidian on May 03, 2021, 05:08:35 PM
Zoom out.

You complained when Ethereum was trading sideways. Said it was dead. And now when it is pumping you're pissed off. Ethereum is going to go a lot higher. The fundamentals are all in place. Go see what's in the pipeline. Ethereum is very underpriced compared to BTC. Look at how much innovation came out with all the smart contracts, DEFI and NFT space. All the stable coins that came out. Fees are also lower now after the recent upgrade. My mining profits in ETH terms are way down because these fees are lower.

You're hilarious. If it loses 30% , hey just zoom out. If it goes parabolic, hey just zoom out. You're in an echo chamber listening to  nothing but videos that share your sentiment that this is perfectly normal growth. All im asking for is reasonable sustainable upside movement and reminding people to take profits when the opportunity is there. This doesn't look normal to me .and any suggestion of this has your underwear in a bunch.

Ffs, doge is at ATH. A completely useless coin that has zero fucking case use and is only up because its so cheap and  some billionaires pump it. But hey, just zoom out. Celebrities endorse it, must be good and its market cap is reflective of a healthy environment, right?

This scenerio played out before, how did it work out?
George says things are perfectly fine no matter if BTC is at 58k or going down to 47k. I bet he says everything is fine if it gets to 33k.
Half the videos you post are of guys that called target of 70k and 80k, 100k, 200k, back to  64k, 72k, even 1 million dollars  etc....and told viewers to go long only to have things head down. How about I post of video of Chris shitting his pants saying the end looks like its here right after making those ridiculous long calls. Oops sorry guys.  Yoiure on your own now. Exactly as predicted lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 04, 2021, 03:12:27 AM
Quote from: Mayday on May 03, 2021, 07:24:30 PM
Well this thread just came to life, entertaining as always LOL!

care to share your opinion on the latest moves mayday? Id like to hear what your have to say.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 04, 2021, 04:33:24 AM
Quote from: Bindare_Dundat on May 04, 2021, 03:12:27 AM
care to share your opinion on the latest moves mayday? Id like to hear what your have to say.

Well while I am having a good chuckle at the carnage in these last pages I also don’t like to see the few who remain arguing.

My take is this. Something will go wrong. 95% will lose and you guys are already arguing over everything so there you go.

This is what I think could happen in the shortest possible timeframe.

ETH rally continues and hits 19k-20k in mid June.

BTC begins to rally in May which adds fuel to The ETH rally. BTC will be 130k in June which is what allows the ETH peak and then hits 200k in July.

Market blows up and fucks everybody because nobody expects ETH to lead BTC to a market cycle top.

The downside will be utterly brutal. Heinous. Carnage. Wreckt. Fucks 95% of people. Bear market into the 2022 whilst social media people brag about having diamond hands.


That’s my take.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 04, 2021, 04:46:13 AM
Quote from: Mayday on May 04, 2021, 04:33:24 AM
Well while I am having a good chuckle at the carnage in these last pages I also don’t like to see the few who remain arguing.

My take is this. Something will go wrong. 95% will lose and you guys are already arguing over everything so there you go.

This is what I think could happen in the shortest possible timeframe.

ETH rally continues and hits 19k-20k in mid June.

BTC begins to rally in May which adds fuel to The ETH rally. BTC will be 130k in June which is what allows the ETH peak and then hits 200k in July.

Market blows up and fucks everybody because nobody expects ETH to lead BTC to a market cycle top.

The downside will be utterly brutal. Heinous. Carnage. Wreckt. Fucks 95% of people. Bear market into the 2022 whilst social media people brag about having diamond hands.


That’s my take.

Thanks for sharing. I think we were just debating the true value of certain assets at the present moment and what that could potentially mean moving forward.

I apologize to any fellow getbiggers I may have offended.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 04, 2021, 05:40:15 AM
Quote from: Bindare_Dundat on May 04, 2021, 04:46:13 AM
Thanks for sharing. I think we were just debating the true value of certain assets at the present moment and what that could potentially mean moving forward.

I apologize to any fellow getbiggers I may have offended.

There is a range of opinions but that is good because you can use those to reflect on your own.

The problem we face this cycle is BTC can’t stretch it’s legs. It overheats almost immediately. 40k overheat, 54k overheat, 62k overheat, 64k overheat etc.

That same overheating is looking to me like we are rallying earlier than the 2017 model which means an earlier top than expected.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 04, 2021, 06:14:28 AM
Quote from: Mayday on May 04, 2021, 05:40:15 AM
There is a range of opinions but that is good because you can use those to reflect on your own.

The problem we face this cycle is BTC can’t stretch it’s legs. It overheats almost immediately. 40k overheat, 54k overheat, 62k overheat, 64k overheat etc.

That same overheating is looking to me like we are rallying earlier than the 2017 model which means an earlier top than expected.

By overheating are you also meaning FOMO and the subsequent sell-off that will eventually lead to the sell off that kick starts the bear market?



By the way you were very very close with one of your price predictions in a conversation we had a while back via pm. Good call.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Gitur on May 04, 2021, 07:30:00 AM
Wonder what Doge will hit once Elon is on SNL this upcoming Saturday  ;)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 04, 2021, 07:46:05 AM
Btc down to 54.6k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 04, 2021, 07:48:00 AM
Quote from: Gitur on May 04, 2021, 07:30:00 AM
Wonder what Doge will hit once Elon is on SNL this upcoming Saturday  ;)

$1.00?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on May 04, 2021, 07:52:07 AM
Quote from: Bindare_Dundat on May 04, 2021, 07:46:05 AM
Btc down to 54.6k.

It's over - 2k by the end of the year.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 04, 2021, 08:59:07 AM
Doge became available on etoro yesterday, so is now far easier to buy for many.

It's will probably be closer to $3 if it gets pumped in SNL, but I see him pumping green energy and cryptos in general and how going forward they'll have a symbiotic relationship.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 04, 2021, 09:11:11 AM
Quote from: Flexacon on May 04, 2021, 08:59:07 AM
Doge became available on etoro yesterday, so is now far easier to buy for many.

It's will probably be closer to $3 if it gets pumped in SNL, but I see him pumping green energy and cryptos in general and how going forward they'll have a symbiotic relationship.

Worth the risk IMO.

It's a pump a dump sh*tcoin but if I can make money on it I will.

Most of the people buying will probably know next to zero about crypto, just that it's a cute dog coin backed by Elon Musk.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 04, 2021, 09:40:08 AM
https://decrypt.co/69882/gemini-dogecoin-trading-frenzy-robinhood-down-again?&utm_medium=referral&utm_campaign=feed&utm_source=coinmarketcap

Gemini Adds Dogecoin as Trading Frenzy Crashes Robinhood Again

Gemini, a cryptocurrency exchange led by Tyler and Cameron Winklevoss, today buckled under the pressure of meme coin demand, at last adding Dogecoin to its trading platform. Meanwhile, Robinhood, likely the most popular US trading app that supports DOGE, went down following Dogecoin’s ongoing price surge above $0.60.

“Dogecoin is the people’s money. It’s organic, irreverent, and fun. It’s not forced on us by a government or some other central authority, it’s chosen by us, for us—by the people, for the people. Wow,” Tyler Winklevoss, CEO of Gemini, said in a statement today.

The announcement comes at a much-wow time for Dogecoin as it’s now become the fourth most valued cryptocurrency with a market cap of $76.8 billion, as per Nomics data.

Meanwhile, Robinhood’s cryptocurrency service went down most likely due to a surge in demand for Dogecoin overwhelming its servers—a problem that’s too familiar to the app from last month. Yesterday, social trading platform eToro also listed Dogecoin, making the meme coin one of the few cryptocurrencies listed outside cryptocurrency exchanges.

Even though many cryptocurrency exchanges such as Binance and Kraken list Dogecoin, Gemini’s listing today marks a milestone in the crypto industry as its CEO has thrown his unapologetic support behind the meme coin. By contrast, leading US crypto exchange Coinbase still doesn’t support Dogecoin, and there is currently no sign it ever will.

In a move that’s set to irk Bitcoin maximalists, Winklevoss generously compared Dogecoin to Bitcoin in that both “give the control of money back to the people.” Dogecoin, he said, carries the flag of Bitcoin. “Yes, it’s a meme coin, but all money is a meme. And all money is both an idea and a matter of faith or belief in it,” he explained, anticipating the common criticism—and the truth, really—that Dogecoin was invented as a joke.

But Winklevoss doesn’t downplay Dogecoins origins—in fact, he relishes them. “It turns the idea of money being something that’s issued by an authority —a conceit—on its head,” he said.

“They say there’s some truth in every joke. Dogecoin’s value is its punchline.”

If this all sounds very familiar, that’s because billionaire Dallas Mavericks owner Mark Cuban essentially said the same thing himself yesterday. In a tweet storm in which he called Bitcoin “financial religion,” the Shark Tank investor also (again) praised Dogecoin: “Yes, a joke is now legit,” he wrote.

But critics say the Dogecoin party won’t last—it can’t, they say, given the coin’s economics: DOGE supply isn’t capped unlike many other cryptocurrencies like Bitcoin. By design, 5 billion DOGE is released into circulation every year, and its development team abandoned the project years ago, so there’s no one around to change that.

Tyler Winklevoss, however, begs to differ on the economics: DOGE is, in fact, “disinflationary,” he says. Five billion DOGE will be a drop in the ocean as more people begin exchanging the coin, so the demand for DOGE will easily surpass its supply, he argued in the post. In that sense, it isn’t any different from Ethereum, he said, referring to the currently uncapped supply of Ethereum. But unlike Dogecoin, there are concrete plans underway to cap Ethereum’s supply.

“Recently, demand for Dogecoin has oustripped its supply. As a result, its price has been mooning. The people are speaking,” Winklevoss said.

Dogecoin is in for a long ride this week.

Elon Musk, the self-styled Dogefather, will make his debut on May 8 as a host on comedy show Saturday Night Live. He’s expected to signal-boost “the people’s money,” and the anticipation alone jacked up the price by 10% last weekend.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 04, 2021, 02:07:34 PM
Quote from: Bindare_Dundat on May 04, 2021, 01:50:14 AM
You're hilarious. If it loses 30% , hey just zoom out. If it goes parabolic, hey just zoom out. You're in an echo chamber listening to  nothing but videos that share your sentiment that this is perfectly normal growth. All im asking for is reasonable sustainable upside movement and reminding people to take profits when the opportunity is there. This doesn't look normal to me .and any suggestion of this has your underwear in a bunch.

Ffs, doge is at ATH. A completely useless coin that has zero fucking case use and is only up because its so cheap and  some billionaires pump it. But hey, just zoom out. Celebrities endorse it, must be good and its market cap is reflective of a healthy environment, right?

This scenerio played out before, how did it work out?
George says things are perfectly fine no matter if BTC is at 58k or going down to 47k. I bet he says everything is fine if it gets to 33k.
Half the videos you post are of guys that called target of 70k and 80k, 100k, 200k, back to  64k, 72k, even 1 million dollars  etc....and told viewers to go long only to have things head down. How about I post of video of Chris shitting his pants saying the end looks like its here right after making those ridiculous long calls. Oops sorry guys.  Yoiure on your own now. Exactly as predicted lol
Inflation is a big problem. Prices have gone up in many sectors. Lumber is a lot more. Computer equipment up. Gas up. Cryptos are a hedge against inflation. USD cash is trash. Expect the bull run to continue as more people seek a haven from inflation.

https://finance.yahoo.com/news/warren-buffett-is-right-inflation-is-running-rampant-105340040.html

https://finance.yahoo.com/news/warren-buffett-we-are-seeing-substantial-inflation-and-are-raising-prices-220539307.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 04, 2021, 02:11:57 PM
Quote from: Bindare_Dundat on May 04, 2021, 04:46:13 AM
Thanks for sharing. I think we were just debating the true value of certain assets at the present moment and what that could potentially mean moving forward.

I apologize to any fellow getbiggers I may have offended.
Hey bro I did not see you offend anyone. Unless I missed a post it appeared all very civil to me lol!

You have valid concerns. I am just seeing inflation as a big issue and I don't think the general public realize this because they trust what the government tells them. Well not all, mostly the Biden voters. Many people realize the Fed's claim about moderate inflation is BS. So I see the crypto market marching forward. If there was minimal inflation and banks offered decent interest rates for savings accounts then I don't see cryptos gaining the traction they are getting. But this is not the case.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 04, 2021, 02:13:29 PM
Quote from: Mayday on May 04, 2021, 04:33:24 AM
Well while I am having a good chuckle at the carnage in these last pages I also don’t like to see the few who remain arguing.

My take is this. Something will go wrong. 95% will lose and you guys are already arguing over everything so there you go.

This is what I think could happen in the shortest possible timeframe.

ETH rally continues and hits 19k-20k in mid June.

BTC begins to rally in May which adds fuel to The ETH rally. BTC will be 130k in June which is what allows the ETH peak and then hits 200k in July.

Market blows up and fucks everybody because nobody expects ETH to lead BTC to a market cycle top.

The downside will be utterly brutal. Heinous. Carnage. Wreckt. Fucks 95% of people. Bear market into the 2022 whilst social media people brag about having diamond hands.


That’s my take.
Unless inflation keeps going up in the fiat world. Then the bull run could go on for as long as that is the case. How do you see them solving the fiat crisis? I don't see a way out. Fiat is doomed, the question is for how long. Central banks creating digital currencies will not work either if it follows the same model as fiat.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 04, 2021, 02:15:05 PM
Quote from: Gitur on May 04, 2021, 07:30:00 AM
Wonder what Doge will hit once Elon is on SNL this upcoming Saturday  ;)
I've heard up to 68 cents or even $1. Expect the price to correct on Saturday as the hype is priced in. I would expect people to start selling on Friday evening early Saturday.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 04, 2021, 02:26:54 PM
Quote from: Griffith on May 04, 2021, 09:11:11 AM
Worth the risk IMO.

It's a pump a dump sh*tcoin but if I can make money on it I will.

Most of the people buying will probably know next to zero about crypto, just that it's a cute dog coin backed by Elon Musk.
It's not a meme coin anymore. The Dallas Mavericks are selling a ton of merchandise with it. Don't forget the market cap is now a lot bigger than Bank of America, Ford and a few others. There will be a ton of developers working on improving the security of it. Doge is here to stay imo and is one of the oldest cryptocurrencies.

Also Doge reminds of the word Dollar. Just shorter, like bucks.

"I'll give you 10 Doge for that bike."

"I'll give you 10 Bucks for that bike."
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 04, 2021, 02:36:11 PM
Quote from: obsidian on May 04, 2021, 02:15:05 PM
I've heard up to 68 cents or even $1. Expect the price to correct on Saturday as the hype is priced in. I would expect people to start selling on Friday evening early Saturday.

I just cant wrap my head around it. Doge is what people like Anabolic saw in Bitcoin. Absolute worthless garbage thats only initial value grew because a couple of guys thought it was clever enough to notice that we live in brain dead society that  swollows any shit that comes out a celebrities mouth and they pumped Doge, to their benefit. in myu eyes, it stains all crypto and makes it all one giant joke to some degree.

Its because of this that I start to really wonder if the same thing happened on masse with bitcoin and all the other crypto currencies. The only difference is the real case use for some of them but that they are still waaaaaayy overvalued because of all the internet hype.

On another note, heres something else that isnt completely clear to me,  why would BTC go down in any type of  bear market if inflation is the worry? Inflation is ongoing. So why would there be a big crash? Or is the big crash only in reference to the shitcoins? 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 04, 2021, 02:51:22 PM
Quote from: obsidian on May 04, 2021, 02:13:29 PM
Unless inflation keeps going up in the fiat world. Then the bull run could go on for as long as that is the case. How do you see them solving the fiat crisis? I don't see a way out. Fiat is doomed, the question is for how long. Central banks creating digital currencies will not work either if it follows the same model as fiat.

I follow the money supply as a general thing which is what led me into crypto as an escape post pandemic.

It can be an ongoing upward mountain providing incoming capital is enough to overcome the core influence of the halving. Has that happened yet? No and it overheats the minute it tries to get legs because it can’t cope with the inflow. It’s this exact thing which is why my targets never got hit, hell I’ve been calling to 74k for yonks without result, it blows up!

So the trend remains and we will have a parabolic top just like every time before.

After the downside and bottoming out, I think we will see excellent growth each year up until the next parabolic run.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 04, 2021, 03:01:47 PM
Quote from: Bindare_Dundat on May 04, 2021, 06:14:28 AM
By overheating are you also meaning FOMO and the subsequent sell-off that will eventually lead to the sell off that kick starts the bear market?

By the way you were very very close with one of your price predictions in a conversation we had a while back via pm. Good call.

My price calls were shit due to this overheating trend which is what start my whole, something is wrong because nothing is behaving like it should questioning.

By overheating I’ll use this example:

You have a garden hose plugged into a fire hydrant. You open the valve and the amount of flow causes huge pressure and heats up the hose to the point you quickly turn the valve off.

We saw this at 42k, 54k, 64. Rapid explosive movements upwards that got shut down almost immediately for weeks! This is why my price calls never got legs, it can’t cope with the capital trying to get through a garden hose.


I’ll explain why we will have a parabolic event sooner rather than later.

After 3 months of not turning on our garden hose we decide fuck it, YOLO and keep the valve open. The water flows like a mofo, it heats up like crazy but we keep it open and the end result is the hose explodes..... no more hose, capital can’t get in and water drains away.


After this plays out we come back with a bigger hose and start again and this time we can allow more flow.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 04, 2021, 03:29:39 PM
Quote from: Mayday on May 04, 2021, 03:01:47 PM
My price calls were shit due to this overheating trend which is what start my whole, something is wrong because nothing is behaving like it should questioning.

By overheating I’ll use this example:

You have a garden hose plugged into a fire hydrant. You open the valve and the amount of flow causes huge pressure and heats up the hose to the point you quickly turn the valve off.

We saw this at 42k, 54k, 64. Rapid explosive movements upwards that got shut down almost immediately for weeks! This is why my price calls never got legs, it can’t cope with the capital trying to get through a garden hose.


I’ll explain why we will have a parabolic event sooner rather than later.

After 3 months of not turning on our garden hose we decide fuck it, YOLO and keep the valve open. The water flows like a mofo, it heats up like crazy but we keep it open and the end result is the hose explodes..... no more hose, capital can’t get in and water drains away.


After this plays out we come back with a bigger hose and start again and this time we can allow more flow.

I meant the Ethereum price to BTC.  You said eth would be at 3000 dollars when btc was near 60k and I think it was close to 58k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 04, 2021, 03:32:58 PM
Quote from: Bindare_Dundat on May 04, 2021, 03:29:39 PM
I meant the Ethereum price to BTC.  You said eth would be at 3000 dollars when btc was near 60k and I think it was close to 58k.

Yeah but I’d throw that out because it doesn’t much matter anymore because I believe the timeline has changed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 04, 2021, 03:41:38 PM
Quote from: obsidian on May 04, 2021, 02:26:54 PM
It's not a meme coin anymore. The Dallas Mavericks are selling a ton of merchandise with it. Don't forget the market cap is now a lot bigger than Bank of America, Ford and a few others. There will be a ton of developers working on improving the security of it. Doge is here to stay imo and is one of the oldest cryptocurrencies.

Also Doge reminds of the word Dollar. Just shorter, like bucks.

"I'll give you 10 Doge for that bike."

"I'll give you 10 Bucks for that bike."

It's just too much risk for me now at these prices.

Bitcoin, Ethereum or another coin with good fundamentals I can justify, with Doge it feels like 100% gambling.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 04, 2021, 03:57:27 PM
Quote from: Bindare_Dundat on May 04, 2021, 02:36:11 PM
I just cant wrap my head around it. Doge is what people like Anabolic saw in Bitcoin. Absolute worthless garbage thats only initial value grew because a couple of guys thought it was clever enough to notice that we live in brain dead society that  swollows any shit that comes out a celebrities mouth and they pumped Doge, to their benefit. in myu eyes, it stains all crypto and makes it all one giant joke to some degree.

Its because of this that I start to really wonder if the same thing happened on masse with bitcoin and all the other crypto currencies. The only difference is the real case use for some of them but that they are still waaaaaayy overvalued because of all the internet hype.

On another note, heres something else that isnt completely clear to me,  why would BTC go down in any type of  bear market if inflation is the worry? Inflation is ongoing. So why would there be a big crash? Or is the big crash only in reference to the shitcoins?
Bitcoin did not crash. It is still at $54,000.

Look at the risk to reward situation right now for new money coming in. Are they going to dump $10,000 into Bitcoin that's already expensive and will see smaller gains? For Bitcoin to double in price it would have to add a whopping $54,000 to $108,000 with a market cap of over $2 trillion.

For Doge to double takes a lot less capital. The risk to reward is better with Doge. You are taking a risk but the reward could be huge. That's what grabs people. That's what Alex Becker is saying on his channel. He thinks Cardano will outperform Ethereum because of it's smaller market cap. Unless Charles Hoskinson shits the bed lol!

Bitcoin was once where Doge was. There was a time where it was worth only a dollar or less.

Ethereum will have the same problem Bitcoin faces as the value increases. It will increase by smaller percentages compared to a lower market cap asset. Of course it might be more resistant to massive price corrections also.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 04, 2021, 03:59:48 PM
Quote from: Griffith on May 04, 2021, 03:41:38 PM
It's just too much risk for me now at these prices.

Bitcoin, Ethereum or another coin with good fundamentals I can justify, with Doge it feels like 100% gambling.
The fundamentals are good with Doge. Go read the news headlines. Many people want it to succeed. That's a huge plus. Businesses are getting onboard.

The risk to reward with Doge is higher. More risk, but also more reward. People look at Bitcoin and see the price not moving as much. They want returns. Look at how much all these coins went up the past year. Bitcoin was outperformed by many. Doge completely wiped the floor with everything else.

https://finance.yahoo.com/news/newegg-now-accepting-dogecoin-payments-053200000.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 04, 2021, 04:05:51 PM
Quote from: obsidian on May 04, 2021, 03:57:27 PM
Bitcoin did not crash. It is still at $54,000.

Look at the risk to reward situation right now for new money coming in. Are they going to dump $10,000 into Bitcoin that's already expensive and will see smaller gains? For Bitcoin to double in price it would have to add a whopping $54,000 to $108,000 with a market cap of over $2 trillion.

For Doge to double takes a lot less capital. The risk to reward is better with Doge. You are taking a risk but the reward could be huge. That's what grabs people. That's what Alex Becker is saying on his channel. He thinks Cardano will outperform Ethereum because of it's smaller market cap. Unless Charles Hoskinson shits the bed lol!

Bitcoin was once where Doge was. There was a time where it was worth only a dollar or less.

Ethereum will have the same problem Bitcoin faces as the value increases. It will increase by smaller percentages compared to a lower market cap asset. Of course it might be more resistant to massive price corrections also.

I meant, why would it crash like it has in the past?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 04, 2021, 04:16:18 PM
Quote from: Bindare_Dundat on May 04, 2021, 04:05:51 PM
I meant, why would it crash like it has in the past?
The inflation narrative only recently became a bigger concern for institutional investors. In 2017-2020 it was not as evident. And back then Bitcoin and cryptos were still an unknown entity. So the price went up a lot and early, savvy investors that had seen market corrections in years prior saw huge profits and sold and bought more at the bottom. Meanwhile newbies had just got in and the rug was pulled out from under them.

That being said there will be corrections moving forward. Will it crash 90% as happened in 2018-2019? I don't think so but I guess anything is possible. What happens if WW3 breaks out? Will crypto survive that? Or the stock market sees a big correction?

Nobody knows what's going to happen. it's a wild ride that's for sure.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 04, 2021, 04:25:04 PM
Quote from: obsidian on May 04, 2021, 03:59:48 PM
The fundamentals are good with Doge. Go read the news headlines. Many people want it to succeed. That's a huge plus. Businesses are getting onboard.

The risk to reward with Doge is higher. More risk, but also more reward. People look at Bitcoin and see the price not moving as much. They want returns. Look at how much all these coins went up the past year. Bitcoin was outperformed by many. Doge completely wiped the floor with everything else.

https://finance.yahoo.com/news/newegg-now-accepting-dogecoin-payments-053200000.html

Do you really believe that? Most doge is held by a few whales. Unless they spread that out Doge won't go anywhere other than making a few whales very rich. Even musk issued an ultimate to them whales to release some of their doge otherwise he was done with it.

Also well done Newegg.  They have just got themselves some crazy publicity just for accepting doge.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 04, 2021, 05:58:18 PM
Quote from: Flexacon on May 04, 2021, 04:25:04 PM
Do you really believe that? Most doge is held by a few whales. Unless they spread that out Doge won't go anywhere other than making a few whales very rich. Even musk issued an ultimate to them whales to release some of their doge otherwise he was done with it.

Also well done Newegg.  They have just got themselves some crazy publicity just for accepting doge.

100% agree.

It really needs to be done away with. Its an embarrassment to crypto.and all the influencers are dry humping it to hell and back.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Coffeed on May 04, 2021, 06:03:56 PM
what's the best site to buy crypto for the least fees if you're a very small time investor? (not robinhood though)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 04, 2021, 09:15:23 PM
Over $375 Million ETH Shorts Liquidated in a Day..

Fingers well and truly burnt for some people there. Ouch!

https://cryptopotato.com/over-375-million-shorts-liquidated-in-a-day-as-eth-price-tapped-3450/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 04, 2021, 11:44:27 PM
Quote from: obsidian on May 04, 2021, 03:59:48 PM
The fundamentals are good with Doge. Go read the news headlines. Many people want it to succeed. That's a huge plus. Businesses are getting onboard.

The risk to reward with Doge is higher. More risk, but also more reward. People look at Bitcoin and see the price not moving as much. They want returns. Look at how much all these coins went up the past year. Bitcoin was outperformed by many. Doge completely wiped the floor with everything else.

https://finance.yahoo.com/news/newegg-now-accepting-dogecoin-payments-053200000.html

Where do you think it will go from here?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 05, 2021, 12:04:11 AM
Quote from: Bindare_Dundat on May 04, 2021, 05:58:18 PM
100% agree.

It really needs to be done away with. Its an embarrassment to crypto.and all the influencers are dry humping it to hell and back.
Well then this won't make you happy. Doge is now #3 lmao! I don't get the hate for Doge from some. You should be fucking embracing it. My profits at this price is over $100,000! I really wish I sold more ETH for this beauty!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 05, 2021, 12:13:11 AM
Quote from: Griffith on May 04, 2021, 11:44:27 PM
Where do you think it will go from here?
I have no idea but I think $1 will happen. A lot sooner than we thought. Now the question is how high can it go?

Elon Musk has suggested it would be ironic if Doge, the meme joke coin, became the world's currency. If that happens what kind of market cap would it need to have?

If I read the stats from this link correctly then the USD alone has a circulating supply of $20 trillion?

https://www.fiatmarketcap.com/#:~:text=Top%20Fiat%20Currencies%20by%20Market%20Capitalization%20%20,%201%2C499%2C349%2C000%2C000%2C000%20JPY%20%2028%20more%20rows%20

Now you have to factor in all the other world currencies. For shits and giggles let's just say Doge eventually has a market cap of $20 trillion. That would mean a little more than a 200x from now if my math is correct. That's a $200 Doge.

This is all just wild speculation.

Could Doge go as high as $2-3 this year? Who knows. I do plan on accumulating more if there is a good dip.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 05, 2021, 12:24:28 AM
https://ambcrypto.com/here-are-the-conditions-for-dogecoin-to-become-a-viable-currency/

(https://ambcrypto.s3.amazonaws.com/wp-content/uploads/2021/04/02192310/PR-3-featured.jpg)

Dogecoin’s year-to-date gains of 6580% have made a serious case for its inclusion across top portfolios. Although DOGE’s success has faced constant scrutiny, the meme coin remains unaffected by it. At the time of writing, DOGE was trading just below the $0.41 mark.

One of the coin’s faithful promoters, Mark Cuban of the Dallas Mavericks recently addressed DOGE’s potential transition to a viable currency in a series of tweets. He stated:

“Meme coins like Doge only work if they gain utility and users use them for that utility. As long as you can spend Doge, because we know it’s annual inflation rate is set at 5B coins, it can gain SOME value as the utility grows. It becomes like any other currency.” he said in one of his many tweets.

The Shark Tank star added:

“As long as more companies take doge for products/services, then Doge can be a usable currency because it MAY hold its purchasing value better than a $ in your bank. If interest rates skyrocket or the amount spent falls or stagnates, so will Doge. Yes, a joke is now legit”

Moving on to another Dogecoin promoter, the Tesla CEO had long resorted to tweeting about DOGE, with quite a few of his tweets triggering a DOGE rally incomparable to the ones noted by the rest of the market. Just look at his most recent tweet –

The Dogefather
SNL May 8

— Elon Musk (@elonmusk) April 28, 2021

Within a period of fewer than 4 hours, DOGE registered a 25% incline on the charts, surging from $0.26 to $0.32 at the given date.

On the contrary, many skeptics still proclaim DOGE to be nothing more than a meme and a bubble. According to them, Dogecoin’s bubble, hence, will pop. The question is – When?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 05, 2021, 01:42:45 AM
Quote from: obsidian on May 05, 2021, 12:04:11 AM
Well then this won't make you happy. Doge is now #3 lmao! I don't get the hate for Doge from some. You should be fucking embracing it. My profits at this price is over $100,000! I really wish I sold more ETH for this beauty!

Congrats man.  but,
Yup, now I'm pretty sure  crypto is officially  a joke for trading Pokémon cards and crappy digital art masquerading as something world shattering and Doge is the equivalent of My Pet Rock being a top stock on the Nasdaq.

Sad that so many people have worked so hard on so.many things  and are being over shadowed by this. I think its an telling sign at how outnof touch  things have become and how desperate people are to find gold overnight.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 05, 2021, 02:51:47 AM
Quote from: Bindare_Dundat on May 05, 2021, 01:42:45 AM
Congrats man.  but,
Yup, now I'm pretty sure  crypto is officially  a joke for trading Pokémon cards and crappy digital art masquerading as something world shattering and Doge is the equivalent of My Pet Rock being a top stock on the Nasdaq.

Sad that so many people have worked so hard on so.many things  and are being over shadowed by this. I think its an telling sign at how outnof touch  things have become and how desperate people are to find gold overnight.
The dollar is a joke. Doge is not a joke anymore. Even the Wall Street Journal says it's not a joke. It's market cap is close to $100 billion!

https://www.wsj.com/articles/what-is-dogecoin-how-to-say-it-and-why-its-guy-a-joke-thanks-elon-11612820776

What Is Dogecoin, How to Say It, and Why It’s No Longer a Joke
Cryptocurrency created for laughs is now worth more than Capital One and Humana after starting the year trading at less than 1 cent

Dogecoin has the internet abuzz. Elon Musk, Mark Cuban and even beef jerky brand Slim Jim have gotten in on it.

The cryptocurrency that started out as a parody less than a decade ago had surged more than 10,000% in 2021 as of May 4, more than double the gains on the S&P 500, including dividends, since 1988.

The cryptocurrency hit an all-time-high of 61 cents apiece on May 4, according to CoinDesk, before settling at almost 57 cents at 4 p.m. ET. That is up from less than 1 cent to start the year. The online brokerage eToro said May 3 that it had added dogecoin to its trading platform. The cryptocurrency exchange Gemini followed, announcing May 4 that deposits were open for dogecoin and that trading for the cryptocurrency would begin shortly.

So, what is dogecoin, how did we get here and why are people so excited about it? We’ve got answers to your questions.

First things first: How do you pronounce “dogecoin”?

According to the cryptocurrency’s co-founder, Billy Markus, the correct pronunciation is “dohj coin.” Some prefer to pronounce the first syllable like “dog” or “doggy.”

What is dogecoin?

Dogecoin is a cryptocurrency that started as a joke in 2013. It is a satirical homage to bitcoin, designed to serve no real purpose other than generating a few laughs.

It is named after an internet meme centered around the image of a Shiba Inu dog with bad spelling habits—thus “doge” instead of “dog.”
Why has dogecoin’s popularity exploded?

On Jan 28, Mr. Musk, the billionaire boss of electric-vehicle maker Tesla Inc., tweeted a faux “Dogue” magazine cover. It isn’t clear why or what caught his attention.

He has since continued to tweet about the cryptocurrency. Once, he shared a meme based on the movie “The Lion King,” with the Shiba Inu dog superimposed on Simba’s face. Another time, he wrote, “Who let the Doge out,” and “No highs, no lows, only Doge.” Perhaps in an effort to be helpful, he also tweeted what he described as an instructional video titled “D is for Dogecoin.”

Mr. Musk renewed his interest in the cryptocurrency in April, tweeting, “Doge Barking at the Moon.” And Mr. Musk recently acknowledged a tweet suggesting that he should do a skit on “The DOGEFATHER” during his May 8 appearance on “Saturday Night Live.”

His cryptic comments have prompted the cryptocurrency’s popularity to skyrocket, with musicians including rappers Snoop Dogg and Soulja Boy as well as Kiss frontman Gene Simmons, sharing memes and tweets with their followers.

A mainstream consumer brand, Conagra Brands Inc.’s jerky snack Slim Jim, jumped on the dogecoin bandwagon, calling for it on April 13 to “go to the moon.” Other brands have also turned attention to dogecoin, with Mars Inc.’s Snickers brand tweeting “Maybe we should just #DogecoinToTheMoon” on May 3.

As of May 4, dogecoin became one of the top four cryptocurrencies by market value, according to Coinmarketcap.com. That puts it behind bitcoin, ether and binance coin. Dogecoin’s market value of roughly $73 billion exceeded that of Capital One Financial Corp. and the health-insurance company Humana Inc., which closed May 4 with market capitalizations of about $69.4 billion and $59.7 billion, respectively.

Fans of dogecoin online are rooting for it to reach $1.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on May 05, 2021, 03:09:59 AM
Quote from: Bindare_Dundat on May 05, 2021, 01:42:45 AM
Yup, now I'm pretty sure  crypto is officially  a joke

Sad that so many people have worked so hard on so.many things  and are being over shadowed by this.

Quote from: Zillotch on December 08, 2020, 09:11:18 PM
participation in crypto now, accelerates the infrastructure of diem... they got the plebs to do the grunt work.

your end, will b brought to u by the sweat off ur own brow... lol

busy worker bees.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on May 05, 2021, 05:55:59 AM
Adoption


Bitcoin is coming to hundreds of U.S. banks this year, says crypto custody firm NYDIG

For the first time, customers of some U.S. banks will soon be able to buy, hold and sell bitcoin through their existing accounts, according to crypto custody firm NYDIG.
   
Banks are asking for bitcoin because they can see their customers sending dollars to Coinbase and other crypto exchanges, according to Yan Zhao, president of NYDIG.
 
After rolling out the initial bitcoin product, NYDIG plans on other services, including debit card rewards paid in bitcoin, and a new type of bank account that is FDIC insured, but pays interest in bitcoin, he said.

Bitcoin may be taking another step towards mainstream adoption, CNBC has learned.

For the first time, customers of some U.S. banks will soon be able to buy, hold and sell bitcoin through their existing accounts, according to crypto custody firm NYDIG.

The company, a subsidiary of $10 billion New York-based asset manager Stone Ridge, has partnered with fintech giant Fidelity National Information Services (FIS) to enable U.S. banks to offer bitcoin in the coming months, according to the two firms.

Hundreds of banks are already enrolled in the program, according to Patrick Sells, head of bank solutions at NYDIG. While the firm is in discussions with some of the biggest U.S. banks, many of the lenders that have agreed to participate are smaller institutions like Suncrest, a California-based community bank with seven branches.

“What we’re doing is making it simple for everyday Americans and corporations to be able to buy bitcoin through their existing bank relationships,” Sells said. “If I’m using my mobile application to do all of my banking, now I have the ability to buy, sell and hold bitcoin.”

https://www.cnbc.com/2021/05/05/bitcoin-is-coming-to-hundreds-of-us-banks-says-crypto-firm-nydig-.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 05, 2021, 06:07:40 AM
Quote from: Zillotch on May 05, 2021, 03:09:59 AM


Zillo, Diem is a weighted basket of currencies to form a global stable currency (like the USD today) to allow global trade on a stable platform.

If is expansionary because it is built on the expansionary monetary system.

It is not competing with BTC which is a finite system and is used as a hedge to the money supply expansion.

You are making the same misunderstanding as people who believe the central bank digital currencies will be competing with BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 05, 2021, 06:26:15 AM
https://medium.datadriveninvestor.com/dogecoin-tells-the-story-of-our-financial-despair-in-real-time-bad6377a6a7a


Dogecoin Tells The Story of Our Financial Despair in Real Time

Dogecoin was a scam waiting to happen (again).


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 05, 2021, 07:53:13 AM
Quote from: obsidian on May 05, 2021, 12:04:11 AM
Well then this won't make you happy. Doge is now #3 lmao! I don't get the hate for Doge from some. You should be fucking embracing it. My profits at this price is over $100,000! I really wish I sold more ETH for this beauty!

You should invest more money into Doge then if you believe in it so much. We all know you won't though and the reasons why.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on May 05, 2021, 09:53:57 AM
So many Doge holders on reddit are dreaming about $1.  I bet the big fish set their limit sales to .99 to clean up before there is a major sale at $1.  It will be a huge dip but eventually might go back up
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 05, 2021, 10:00:53 AM
Quote from: El Diablo Blanco on May 05, 2021, 09:53:57 AM
So many Doge holders on reddit are dreaming about $1.  I bet the big fish set their limit sales to .99 to clean up before there is a major sale at $1.  It will be a huge dip but eventually might go back up

The big fish already know or will soon know if Musk plans on pumping doge on SNL. They will tap up some of they crew working on the SNL set to see if Musk does any doge bits during rehearsals.

They will know exactly when to sell.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 05, 2021, 10:10:31 AM
Increased my VET, only 0.20 now and has a decent chance to hit $1.00 by end of year and be stable, without continuous pump and dumps like Doge.

Longer term, will outperform it.

VET is coming for Doge  >:(
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 05, 2021, 10:29:22 AM
Quote from: Griffith on May 05, 2021, 10:10:31 AM
Increased my VET, only 0.20 now and has a decent chance to hit $1.00 by end of year and be stable, without continuous pump and dumps like Doge.

Longer term, will outperform it.

VET is coming for Doge  >:(

Vet will have its day if crypto doesn't get a stick thrown into the spokes 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: BossBoss on May 05, 2021, 12:27:43 PM
Quote from: El Diablo Blanco on May 05, 2021, 09:53:57 AM
So many Doge holders on reddit are dreaming about $1.  I bet the big fish set their limit sales to .99 to clean up before there is a major sale at $1.  It will be a huge dip but eventually might go back up

Think logical and do the opposite..doge will hit 10$.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 05, 2021, 12:59:26 PM
Quote from: Griffith on May 05, 2021, 10:10:31 AM
Increased my VET, only 0.20 now and has a decent chance to hit $1.00 by end of year and be stable, without continuous pump and dumps like Doge.

Longer term, will outperform it.

VET is coming for Doge  >:(

Was doing some reading on Vechain.

It's already got partnerships with:

Amazon
Walmart
PricewaterhouseCoopers
Deloitte
BMW
H&M

If the partnerships alone weren't enough, there's also rumors that the Chinese government is potentially going to partner up with VeChain in order to power and bring functionality to their digital Yuan.

This has exponential levels of potential written all over it. I think I might have to buy 10k ($2,000 USD) worth of Vechain.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on May 05, 2021, 01:22:42 PM
Is Binance only place to buy VET?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 05, 2021, 01:55:21 PM
Quote from: Grape Ape on May 05, 2021, 01:22:42 PM
Is Binance only place to buy VET?

Huobi
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 05, 2021, 02:21:47 PM
Someone on reddit was kind enough to pull this data up on doge wallets.

28% of all Døge i in 1 wallet
18% of all Døge in a further 12
4835 wallets hold 87% of all Døge

3.8 million total wallets. So 0.12% of the wallets hold 87% all Døgecoin that exists
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 05, 2021, 03:37:21 PM
Well that was interesting.

I just went to do a margin trade on Binance and it said due to huge demand on margin it was unable to meet my loan requirement...... :o

And I was only after a tiny amount.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on May 05, 2021, 03:38:21 PM
Quote from: Bindare_Dundat on May 05, 2021, 01:55:21 PM
Huobi

Is there a preference between the two?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 05, 2021, 05:34:28 PM
Quote from: Mayday on May 05, 2021, 03:37:21 PM
Well that was interesting.

I just went to do a margin trade on Binance and it said due to huge demand on margin it was unable to meet my loan requirement...... :o

And I was only after a tiny amount.

Trying to get your hands on some ETH before it goes to the moon huh?

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 05, 2021, 05:43:12 PM
Gib, you've  lost control of this thread.  Its become a shitcoin bonanza.  Let's  hope eth 2.0 isn't Vitaliks stillborn. The first sign of a bug and there will be carnage.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on May 05, 2021, 06:34:09 PM
Quote from: Mayday on May 05, 2021, 06:07:40 AM
It is not competing with BTC

there ain't gonna b no bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 05, 2021, 07:17:03 PM
Quote from: OneMoreRep on May 05, 2021, 05:34:28 PM
Trying to get your hands on some ETH before it goes to the moon huh?

"1"

It was my day trading account.

Prepare to drink your tears bro.....

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 05, 2021, 07:30:41 PM
ETH - lets fucking go!

10th May 4,200
20th May 6,000
1st June 8,500
15th June 19,500
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 05, 2021, 08:50:55 PM
Quote from: Mayday on May 05, 2021, 07:30:41 PM
ETH - lets fucking go!

10th May 4,200
20th May 6,000
1st June 8,500
15th June 19,500

That timeline looks pretty optimistic to me. What are you using to predict those numbers?

Historically Eth (and Bitcoin) is pretty quiet in June and the summer months. I've got it going like this

31st May around 5K
June-July-Aug slow gains, moves sides, possible dips 3.5k to 6k
Sept 5k to 7k
Oct 6k to 9k
Nov 8k to 15k
Dec 10k to 20k

The only reason I can think of for Eth hitting 19.5K in June is if the market decides the Eth to BTC price needs to tightening up to 2018 levels.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on May 05, 2021, 09:57:22 PM
Quote from: Theoak* on May 05, 2021, 05:43:12 PM
Gib, you've  lost control of this thread.  Its become a shitcoin bonanza.  Let's  hope eth 2.0 isn't Vitaliks stillborn. The first sign of a bug and there will be carnage.

So, life savings into Tron??  ??? :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 05, 2021, 10:09:27 PM
Quote from: Mayday on May 05, 2021, 07:30:41 PM
ETH - lets fucking go!

10th May 4,200
20th May 6,000
1st June 8,500
15th June 19,500

One comment - the 1 June prediction gives ETH a higher market cap than Bitcoin. In my view that is very unlikely. Lets see.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 05, 2021, 10:16:29 PM
Quote from: Theoak* on May 05, 2021, 05:43:12 PM
Gib, you've  lost control of this thread.  Its become a shitcoin bonanza.  Let's  hope eth 2.0 isn't Vitaliks stillborn. The first sign of a bug and there will be carnage.

Lol - we saw the same thing last time around with all the scam ICOs. This time is no different. People with idea of fundamentals it any underlying technology are buying simply on a hunch, catchy name, meme, or perceived low nominal price. All a load of nonsense. Lessons will be learned (again).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 05, 2021, 10:22:31 PM
Quote from: Flexacon on May 05, 2021, 02:21:47 PM
Someone on reddit was kind enough to pull this data up on doge wallets.

28% of all Døge i in 1 wallet
18% of all Døge in a further 12
4835 wallets hold 87% of all Døge

3.8 million total wallets. So 0.12% of the wallets hold 87% all Døgecoin that exists

Arguably, if any of those wallets were lost, it could massively reduce active liquidity (which could lead to a sharper price movement.

However, what many "investors" forget (or may not even know) is that the supply of Doge is not fixed or limited, It can be produced to infinity.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 05, 2021, 10:26:51 PM
Quote from: Mayday on May 05, 2021, 06:07:40 AM
Zillo, Diem is a weighted basket of currencies to form a global stable currency (like the USD today) to allow global trade on a stable platform.

If is expansionary because it is built on the expansionary monetary system.

It is not competing with BTC which is a finite system and is used as a hedge to the money supply expansion.

You are making the same misunderstanding as people who believe the central bank digital currencies will be competing with BTC.

Spot on MayDay. I have tried to explain to this to Zillo in the past.

Zillo - do you understand this point? Its really quite a fundamental concept, and a very important for you to understand. Same concept applies to any argument that a CDC will compete with Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on May 05, 2021, 11:29:46 PM
Quote from: gib on May 05, 2021, 10:26:51 PM
Zillo - do you understand this point? Its really quite a fundamental concept, and a very important for you to understand.

diem is designed to b, and will become – the single world currency.

if these creatures have their way - nothing outside of diem will have any value.

nothing.

its a new day... a complete paradigm shift.

u dudes r grasping at a ghost, u just don't know it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 06, 2021, 12:37:54 AM
Quote from: Zillotch on May 05, 2021, 11:29:46 PM
diem is designed to b, and will become – the single world currency.

if these creatures have their way - nothing outside of diem will have any value.

nothing.

its a new day... a complete paradigm shift.

u dudes r grasping at a ghost, u just don't know it.

Currency layers dude.

Layer 1 BTC will be at the top and acts as a stable asset vs money supply
Layer 2 DIEM/USD for International transactions
Layer 3 local currency for domestic transactions

It’s a little away from there at the moment but this is what they are planning.

Maybe you should stop watching those Mayer videos?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 06, 2021, 12:44:54 AM
Quote from: gib on May 05, 2021, 10:09:27 PM
One comment - the 1 June prediction gives ETH a higher market cap than Bitcoin. In my view that is very unlikely. Lets see.

ETH blow off top at 19.5k in June

BTC May 80k
BTC June 130k
BTC July 200k-220k blow off top.

And that’s it for 2021........ this is how it ends.

Brutal. Carnage. Wreckt.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 06, 2021, 12:48:32 AM
Quote from: Zillotch on May 05, 2021, 11:29:46 PM
diem is designed to b, and will become – the single world currency.

if these creatures have their way - nothing outside of diem will have any value.

nothing.

its a new day... a complete paradigm shift.

u dudes r grasping at a ghost, u just don't know it.

Diem, if it even proceeds (which is unlikely), will be pegged to a basket of currencies. Those currencies are not fixed or limited in supply. Hence will devalue over time. Not to mention privacy concerns related to a Facebook currency,

Bitcoin is our defence against those factors. Not to mention that Facebook is a US company whereas BTC is global and decentralized.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 06, 2021, 12:52:36 AM
Quote from: Mayday on May 06, 2021, 12:44:54 AM
ETH blow off top at 19.5k in June

BTC May 80k
BTC June 130k
BTC July 200k-220k blow off top.

And that’s it for 2021........ this is how it ends.

Brutal. Carnage. Wreckt.

I see. Yes certainly possible. Will be interesting to would sell at 100K, 200K etc. I plan to Hodl, until 2025, but lets see!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 06, 2021, 01:36:28 AM
Quote from: Mayday on May 05, 2021, 03:37:21 PM
Well that was interesting.

I just went to do a margin trade on Binance and it said due to huge demand on margin it was unable to meet my loan requirement...... :o

And I was only after a tiny amount.

Whoa. Lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 06, 2021, 01:37:37 AM
Quote from: Grape Ape on May 05, 2021, 03:38:21 PM
Is there a preference between the two?

No.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 06, 2021, 01:39:10 AM
Quote from: Theoak* on May 05, 2021, 05:43:12 PM
Gib, you've  lost control of this thread.  Its become a shitcoin bonanza.  Let's  hope eth 2.0 isn't Vitaliks stillborn. The first sign of a bug and there will be carnage.

This.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 06, 2021, 01:43:07 AM
Quote from: Flexacon on May 05, 2021, 08:50:55 PM
What are you using to predict those numbers?

Your Mum.


I used my head, maths, blah blah it’s not important because probably every single one of you will think I am full of shit. So I laid out dates and prices so you can see how I think it unfolds and you can track it  against that.

It’s such a short timeline you’ll know. BTC is gunna rip very, very soon......
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on May 06, 2021, 01:49:21 AM
Quote from: Mayday on May 06, 2021, 12:37:54 AM
Maybe you should stop watching those Mayer videos?

who?

Quote from: gib on May 06, 2021, 12:48:32 AM
Diem, if it even proceeds (which is unlikely)

lol at that.

Quote from: gib on May 06, 2021, 12:48:32 AM
Not to mention that Facebook is a US company

the diem association is headquartered in geneva, switzerland, dude
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 06, 2021, 01:49:53 AM
Quote from: Mayday on May 06, 2021, 01:43:07 AM
Your Mum.




I used my head, maths, blah blah it’s not important because probably every single one of you will think I am full of shit. So I laid out dates and prices so you can see how I think it unfolds and you can track it  against that.

It’s such a short timeline you’ll know. BTC is gunna rip very, very soon......

Man, if you're anywhere as close as you were in the prices you shared with me last time.........omg
 

I still don't think eth gets that high. I have a hard time believing big money would flood into something to get to those prices that's still as speculative as 2.0 n such an early timeframe.

My guess is the market does peak near August and we will see,  BTC near/around 80k, Eth 6k .
Eth still needs a major correction that will retard the growth of all cryptos.

Max Keiser who predicted the price of BTC for the end of 2020 says, all coins , including Eth will fail. There is only one true crypto currency and it is BTC.

GIb are.yoi Max Keiser by any chance? Lol

 Just pulling numbers off the top.of my head without much thought. for entertainment purposes only. * lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 06, 2021, 02:12:54 AM
Good video about Doge.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 06, 2021, 02:14:44 AM
Another good one. Doge is going to $1 and possibly beyond and is here to stay. Will probably be in top ten if not top five for a while.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 06, 2021, 02:22:32 AM
Ethereum Classic has been ripping lately. It recently went a little over $100 and now back down to $96. In the past 30 days it is up a whopping 443%! Not as much as Doge but not far behind.

I checked and ETC mining profitability is now approaching that of ETH. I also like that they are trying to stay with GPU mining and locking out ASIC. I might be switching to mining Ethereum Classic. It is the original Ethereum. The current Ethereum is a fork. They plan on keeping it POW like BTC so this means GPU mining is not dead after all! I might not be selling my GPUs. We'll see.

https://en.wikipedia.org/wiki/Ethereum_Classic

https://en.wikipedia.org/wiki/Ethereum_Classic


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 06, 2021, 02:30:35 AM
Quote from: Bindare_Dundat on May 06, 2021, 01:49:53 AM
Man, if you're anywhere as close as you were in the prices you shared with me last time.........omg
 

I still don't think eth gets that high. I have a hard time believing big money would flood into something to get to those prices that's still as speculative as 2.0 n such an early timeframe.

My guess is the market does peak near August and we will see,  BTC near/around 80k, Eth 6k .
Eth still needs a major correction that will retard the growth of all cryptos.

Max Keiser who predicted the price of BTC for the end of 2020 says, all coins , including Eth will fail. There is only one true crypto currency and it is BTC.

GIb are.yoi Max Keiser by any chance? Lol

 Just pulling numbers off the top.of my head without much thought. for entertainment purposes only. * lol
Ever seen Max Keiser ranting on stage like a nut?! I don't get the maximalist approach. That's no different than Peter Schiff. I see this crypto space different. I think many will succeed and find niche applications. Also with all the censorship going on people are going to demand decentralized everything. Marie Le Pen's National Front bank accounts were closed. They claim they did not break any rules but we all know it's because they don't like her politics. So get the fucking bank out of the picture and go decentralized crypto. Then this shit would not even be discussed.

https://www.reuters.com/article/uk-france-le-pen-banks-idUKKBN1DS0MY
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 06, 2021, 02:35:31 AM
Cardano started ripping today.  See how well ots sustained.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 06, 2021, 02:40:32 AM
Quote from: obsidian on May 06, 2021, 02:22:32 AM
Ethereum Classic has been ripping lately. It recently went a little over $100 and now back down to $96. In the past 30 days it is up a whopping 443%! Not as much as Doge but not far behind.

I checked and ETC mining profitability is now approaching that of ETH. I also like that they are trying to stay with GPU mining and locking out ASIC. I might be switching to mining Ethereum Classic. It is the original Ethereum. The current Ethereum is a fork. They plan on keeping it POW like BTC so this means GPU mining is not dead after all! I might not be selling my GPUs. We'll see.

https://en.wikipedia.org/wiki/Ethereum_Classic

https://en.wikipedia.org/wiki/Ethereum_Classic


The price growth of Eth classic has been absolutely insane. 100% in one day.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 06, 2021, 02:41:56 AM
Quote from: obsidian on May 06, 2021, 02:30:35 AM
Ever seen Max Keiser ranting on stage like a nut?! I don't get the maximalist approach. That's no different than Peter Schiff. I see this crypto space different. I think many will succeed and find niche applications. Also with all the censorship going on people are going to demand decentralized everything. Marie Le Pen's National Front bank accounts were closed. They claim they did not break any rules but we all know it's because they don't like her politics. So get the fucking bank out of the picture and go decentralized crypto. Then this shit would not even be discussed.

https://www.reuters.com/article/uk-france-le-pen-banks-idUKKBN1DS0MY

Yeah
 Lol I think he's hilarious.  Some of the things he says are so funny it has me rolling.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 06, 2021, 03:46:24 AM
Quote from: obsidian on May 06, 2021, 02:30:35 AM
Ever seen Max Keiser ranting on stage like a nut?! I don't get the maximalist approach. That's no different than Peter Schiff. I see this crypto space different. I think many will succeed and find niche applications. Also with all the censorship going on people are going to demand decentralized everything. Marie Le Pen's National Front bank accounts were closed. They claim they did not break any rules but we all know it's because they don't like her politics. So get the fucking bank out of the picture and go decentralized crypto. Then this shit would not even be discussed.

https://www.reuters.com/article/uk-france-le-pen-banks-idUKKBN1DS0MY

The maximalist approach is that for a collective store of value, its in all our mutual interests to gravitate towards a collective store of value. (The other extreme is of course that we have none at all). But, we will always see the "have nots" try to create a new store of value, with the creators holding the largest share, and hoping their unit of exchange succeeds. Te vas vast vast majority of alternative stores of wealth imitators will fail.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 06, 2021, 03:55:49 AM
Cardano/btc trading pair is making me lovely btc today

I think VeChain is gonna pop off soon.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 06, 2021, 06:16:49 AM
Quote from: OneMoreRep on May 05, 2021, 12:59:26 PM
Was doing some reading on Vechain.

It's already got partnerships with:

Amazon
Walmart
PricewaterhouseCoopers
Deloitte
BMW
H&M

If the partnerships alone weren't enough, there's also rumors that the Chinese government is potentially going to partner up with VeChain in order to power and bring functionality to their digital Yuan.

This has exponential levels of potential written all over it. I think I might have to buy 10k ($2,000 USD) worth of Vechain.

"1"

I did not know that, if that did go ahead it would be absolutely insane for the price!

I also believe that VeChain's ability to guarantee that a product is not counterfeit and is original could be a game-changer. They already have an app which can verify authenticity, track supply chain and purchase history, repairs etc. This would be especially useful for luxury brand items and also vehicles.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 06, 2021, 06:28:05 AM
Chris from the MMCrypto channel reckons we need to wait for 58700 to be broken for confirmation, then BTC could target 64k and above?

BTC broke 57200 resistance, went up to about 58400 and now back down to 57400.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on May 06, 2021, 06:57:45 AM
E-Commerce Giant MercadoLibre Discloses $7.8M Bitcoin Buy


Latin American e-commerce giant MercadoLibre disclosed a $7.8 million bitcoin (BTC, +2.19%) purchase on Wednesday, making it the latest publicly traded company to park bitcoin on its balance sheet.

The Argentina-based company said in an earnings report the purchase happened in the last quarter and was part of its treasury strategy. MercadoLibre trades on Nasdaq as MELI.

Though far from the lofty bitcoin acquisitions of MicroStrategy (roughly $2.2 billion) or Tesla ($1.5 billion), the investment by MercadoLibre represents a strong step toward mainstreaming bitcoin as a payment option.

The largest e-commerce player in Latin America, MercadoLibre unveiled a bitcoin-only real estate platform just last week. Its MercadoPago payments platform integrated bitcoin in 2015.

https://www.coindesk.com/e-commerce-giant-mercadolibre-discloses-7-8m-bitcoin-buy
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 06, 2021, 07:16:20 AM
Quote from: Mayday on May 06, 2021, 01:43:07 AM
Your Mum.


I used my head, maths, blah blah it’s not important because probably every single one of you will think I am full of shit. So I laid out dates and prices so you can see how I think it unfolds and you can track it  against that.

It’s such a short timeline you’ll know. BTC is gunna rip very, very soon......

Was she pegging you again? It seems you like pushing and pulling things out of your ass
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 06, 2021, 08:34:10 AM
Quote from: Griffith on May 06, 2021, 06:28:05 AM
Chris from the MMCrypto channel reckons we need to wait for 58700 to be broken for confirmation, then BTC could target 64k and above?

BTC broke 57200 resistance, went up to about 58400 and now back down to 57400.


If BTC passes 58.6k it might hit 60k, then after that it might hit 65k, then after that it might hit 70k, then after that it might 75k..............but if it doesn't get past 58.8k it won't do any of that other stuff.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on May 06, 2021, 11:02:06 AM
Quote from: Bindare_Dundat on May 06, 2021, 01:37:37 AM
No.

Binance is taking forever to very.

Huboi asks for region and US isn't an option I could find.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 06, 2021, 12:07:47 PM
Quote from: Grape Ape on May 06, 2021, 11:02:06 AM
Binance is taking forever to very.

Huboi asks for region and US isn't an option I could find.

VPN doesn't work? and yeah, every exchange is going to be slammed with requests to open an account these days. You'll just have to be patient or use an account that doesn't require KYC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 06, 2021, 01:34:13 PM
https://www.fxstreet.com/cryptocurrencies/news/vechain-price-analysis-vet-consolidates-before-it-launches-an-80-rally-202105051902

VeChain Price Analysis: VET consolidates before it launches an 80% rally

Vechain price is in preparation for an 80% gain from the current price as VET pursues the measured move target of a multi-year cup-with-handle base at $0.377.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 06, 2021, 02:18:43 PM
ETC is probably the biggest scam crypto going and it's pumping super hard again. The fact that it's happening for a second time suggests it's newbs getting caught out.

The rug looks like it will be pulled soon. I give it 6 weeks max and then we'll have a slow summer. If your game isn't hodling don't get caught out.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 06, 2021, 04:07:53 PM
Quote from: Flexacon on May 06, 2021, 02:18:43 PM
ETC is probably the biggest scam crypto going and it's pumping super hard again. The fact that it's happening for a second time suggests it's newbs getting caught out.

The rug looks like it will be pulled soon. I give it 6 weeks max and then we'll have a slow summer. If your game isn't hodling don't get caught out.
How is it a scam? It's the original Ethereum. Ethereum is a fork. Ethereum Classic is the original blockchain. What I like from a miner perspective is it will stay minable with a GPU. They reduced the DAG file to below 3GB so you can mine it with a 3GB GPU. All my GPUs are 8GB or more but still this was a nice move so more average Joe's can mine it again. This will promote decentralization. And they are giving the middle finger to ASIC. Ethereum Classic suffered a few 51% attacks recently. So they will lock out ASIC and Nicehash will not support it. That's good because attackers rent hashrate on Nicehash to do 51% attacks.

https://www.investopedia.com/terms/e/ethereum-classic.asp#:~:text=Ethereum%20Classic%20facilitates%20running%20smart,involved%2C%20such%20as%20a%20lawyer.

What Is Ethereum Classic?
Ethereum Classic is an open-source, decentralized, blockchain-based distributed cryptocurrency platform that runs smart contracts. Ethereum Classic was formed—as a result of a hack of the network—in 2016. The original Ethereum blockchain was split in two with Ethereum Classic being the original and Ethereum being the newer blockchain.

Based on the principle of “Code is Law,” smart contracts are self-executing autonomous digital applications, which are capable of running on their own as programmed. Examples of such applications include systems automatic teller machines (ATM) and the Bitcoin system.

Understanding Ethereum Classic
Ethereum Classic facilitates running smart contracts by offering the benefit of decentralized governance. In other words, the contracts can be enforced without a third party involved, such as a lawyer. Smart contracts are similar to if-then statements, meaning if the actions required within the contract have been fulfilled, then the responding contract parameters would be completed. If the contract parameters have not been fulfilled, then there might be a penalty, a fee, or the contract might be voided, depending on the terms established at the onset of the contract.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 06, 2021, 04:10:39 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 06, 2021, 06:42:53 PM
Quote from: obsidian on May 06, 2021, 04:07:53 PM
How is it a scam? It's the original Ethereum. Ethereum is a fork. Ethereum Classic is the original blockchain. What I like from a miner perspective is it will stay minable with a GPU. They reduced the DAG file to below 3GB so you can mine it with a 3GB GPU. All my GPUs are 8GB or more but still this was a nice move so more average Joe's can mine it again. This will promote decentralization. And they are giving the middle finger to ASIC. Ethereum Classic suffered a few 51% attacks recently. So they will lock out ASIC and Nicehash will not support it. That's good because attackers rent hashrate on Nicehash to do 51% attacks.


Ethereum classic is a dead duck and you know it.

Stop trying to pump crap like this and doge on getbig. The getbig tards have no interest in crypto and the rest us in this thread generally know what we're doing.

It isn't 2017. Posting an ethereum 8k vid side by side with a Ethereum Classic post to get confused newbs to buy ETC is a waste of time here. Keep that shit for the social media morons.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 06, 2021, 07:02:08 PM
Quote from: Bindare_Dundat on May 06, 2021, 03:55:49 AM
Cardano/btc trading pair is making me lovely btc today

I think VeChain is gonna pop off soon.

Vechain breaking out now
 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 06, 2021, 07:50:42 PM
Quote from: Flexacon on May 06, 2021, 02:18:43 PM
ETC is probably the biggest scam crypto going and it's pumping super hard again. The fact that it's happening for a second time suggests it's newbs getting caught out.

The rug looks like it will be pulled soon. I give it 6 weeks max and then we'll have a slow summer. If your game isn't hodling don't get caught out.

Agree.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 06, 2021, 11:06:13 PM
Quote from: gib on May 06, 2021, 07:50:42 PM
Agree.

With what exactly?. The first point or the slow summer point?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 07, 2021, 12:28:54 AM
I got that Dog money!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 07, 2021, 12:39:19 AM
Quote from: Flexacon on May 06, 2021, 06:42:53 PM
Ethereum classic is a dead duck and you know it.

Stop trying to pump crap like this and doge on getbig. The getbig tards have no interest in crypto and the rest us in this thread generally know what we're doing.

It isn't 2017. Posting an ethereum 8k vid side by side with a Ethereum Classic post to get confused newbs to buy ETC is a waste of time here. Keep that shit for the social media morons.
LOL! The dollar is falling apart bro. All cryptos are pumping. The world is going to transition out of fiat.

I am not trying to get anyone to buy any crypto. And I will say to anyone not to buy when the cryptos have pumped. Wait until there is a significant pullback if you are going to make an entry.

I have not bought Ethereum Classic. I have not bought Dogecoin recently. I still have Doge from a few months ago worth over $100,000.

So Ethereum Classic pumped. It was lagging behind all the other cryptos in the bull run. Now it caught up. If Ethereum mining is dead I might as well mine Ethereum Classic. Why would I say no to a steady passive income of $5,000 per month? Which could go higher if the cryptos increase in value. It also depends on how many people start mining because as more people jump in the crypto mining payouts decrease.

Ethereum Classic is a smart contract capable proof of work blockchain. Ethereum has been strained by all the transactions. Even Binance Smart Chain was strained as more transactions occurred. And this whole defi business is still in its infancy. What happens when a billion or more people are using it one day? You will need multiple blockchains to deal with all that for the sake of performance. If Ethereum scales to a million transactions per second it might still not be fast enough for the whole globe. Yes Cardano, Polkadot and a few others will take some of those transactions. But even those could be strained.

We'll see what happens. Perhaps there is a future for an Ethereum Classic, Zcash or Monero.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 07, 2021, 03:46:08 AM
Quote from: obsidian on May 07, 2021, 12:39:19 AM
LOL! The dollar is falling apart bro. All cryptos are pumping. The world is going to transition out of fiat.

No it’s not dude.

Mate, you have the opportunity to walk out with a changed life entirely. Don’t go off the rails. Please!

All world currencies are debasing together. There is no change in terms of trade via exchange rates. We have many, many years for this to play out.

Until the US debt is 300%+ GDP you don’t have a problem..... well, sort of lolz
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 07, 2021, 04:09:15 AM
VeChain (VET) up 19%.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 07, 2021, 04:38:15 AM
Quote from: Griffith on May 07, 2021, 04:09:15 AM
VeChain (VET) up 19%.

Oh it gets better, it landed the first page of the Wall Street Journal!

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 07, 2021, 04:53:45 AM
Quote from: Bindare_Dundat on May 06, 2021, 03:55:49 AM
Cardano/btc trading pair is making me lovely btc today

I think VeChain is gonna pop off soon.

 ;D

Hopefully you guys are trading in the BTC/VET pair and making more bitcoin on the way.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 07, 2021, 04:55:57 AM
Quote from: OneMoreRep on May 07, 2021, 04:38:15 AM
Oh it gets better, it landed the first page of the Wall Street Journal!

"1"

Something with real case use. Not like Dogecrap that only goes up cause some asshat like Cuban milks it for his own benefit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: BossBoss on May 07, 2021, 06:10:39 AM
Quote from: Bindare_Dundat on May 07, 2021, 04:55:57 AM
Something with real case use. Not like Dogecrap that only goes up cause some asshat like Cuban milks it for his own benefit.

Youre response is kind of ironic if you ask me..
everything has a use case..my dick has a use case.

It is too easy to make a coin, anyone could do it .
Partners means nothing, i can pay you 10 million to print your logo on my stuff.

What about IOTA(MIOTA) or Komodo(KMD)? Why is VeChain better? (cause china :D)
From a technical standpoint i don't believe that VeChain is better..so which one is the shitcoin here..?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 07, 2021, 06:10:53 AM
Quote from: Mayday on May 07, 2021, 03:46:08 AM
No it’s not dude.

Mate, you have the opportunity to walk out with a changed life entirely. Don’t go off the rails. Please!

All world currencies are debasing together. There is no change in terms of trade via exchange rates. We have many, many years for this to play out.

Until the US debt is 300%+ GDP you don’t have a problem..... well, sort of lolz
Lol. I am not going off the rails. It is obvious that the dollar is in a hyperinflationary collapse against cryptocurrencies. Obviously I hope we do not see hyperinflation with goods, services and food. But things are ticking up. When I say the dollar is toast I don't mean the next month or year. But its days as it currently exist are numbered.

https://markets.businessinsider.com/news/stocks/us-dollar-crash-high-chance-double-dip-recession-roach-2020-9-1029618113

The US is facing a dollar collapse by the end of 2021 and an over 50% chance of a double-dip recession, economist Stephen Roach says

The US dollar could collapse by the end of 2021 and the economy can expect a more than 50% chance of a double-dip recession, the economist Stephen Roach told CNBC on Wednesday.

The US has seen economic output rise briefly and then fall in eight of the past 11 business-cycle recoveries, Roach said.

Grim second-quarter data cannot be dismissed, he said, pointing out that "the current-account deficit in the United States, which is the broadest measure of our international imbalance with the rest of the world, suffered a record deterioration."

Roach last predicted a crash in the dollar index in June, when it was trading at about 96. He said at the time that it would collapse 35% against other major currencies within the next year or two.

The "seemingly crazed idea" that the US dollar will collapse against other major currencies in the post-pandemic global economy is not so crazy anymore, the economist Stephen Roach told CNBC's "Trading Nation" on Wednesday.

Roach, a former chairman of Morgan Stanley Asia, also said he sees a more than 50% probability of a double-dip recession in the United States.

He based that prediction on historical evidence, saying that in eight of the past 11 business-cycle recoveries economic output has risen briefly and then fallen.

"It's certainly something that happens more often than not," he said.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 07, 2021, 06:13:11 AM
Quote from: BossBoss on May 07, 2021, 06:10:39 AM
Youre response is kind of ironic if you ask me..
everything has a use case..my dick has a use case.

It is too easy to make a new coin, anyone could do it .
Partners means nothing, i can pay you 10 million to print your logo on my stuff.

What about IOTA(MIOTA) or Komodo(KMD)? Why is Vechain better? (cause china :D)
From a technical standpoint i don't believe that vechain is better..so which one is the shitcoin here..?
I agree.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 07, 2021, 06:18:07 AM
Quote from: Bindare_Dundat on May 07, 2021, 04:55:57 AM
Something with real case use. Not like Dogecrap that only goes up cause some asshat like Cuban milks it for his own benefit.
Doge has been around since 2013. A lot longer than cyptos like Cardano. Compare the charts of the two. Cardano pumped and dumped in 2017/2018. Doge not as much. It has seen a steady increase in value. Yes it did correct some in 2017/2018 but the swings were not as volatile as ADA. Like it or not there are actually millions of people that are latching on to Doge. People are sentimental and sometimes a cute crypto is all that's needed to get the masses onboard.

I agree with Cryptosrus. Doge will go to $1 and perhaps beyond. We'll see what happens.

And lastly don't buy Doge. Whatever you do. I don't want to see you lose money!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on May 07, 2021, 06:22:52 AM
Cryptocurrency investors should be prepared to lose all their money, Bank of England governor says

LONDON — Cryptocurrencies “have no intrinsic value” and people who invest in them should be prepared to lose all their money, Bank of England (BOE) Governor Andrew Bailey said Thursday.

Digital currencies like bitcoin, ether and even dogecoin have been on a tear this year, reminding some investors of the 2017 crypto bubble in which bitcoin blasted toward $20,000, only to sink as low as $3,122 a year later.

Asked at a press conference about the rising value of cryptocurrencies on Thursday, Bailey said: “They have no intrinsic value. That doesn’t mean to say people don’t put value on them, because they can have extrinsic value. But they have no intrinsic value.”

“I’m going to say this very bluntly again,” he added. “Buy them only if you’re prepared to lose all your money.”

Bailey’s comments echoed a similar warning from the U.K.’s Financial Conduct Authority (FCA).

“Investing in cryptoassets, or investments and lending linked to them, generally involves taking very high risks with investors’ money,” the financial services watchdog said in January.

“If consumers invest in these types of product, they should be prepared to lose all their money.”

Bailey, who was formerly the chief executive of the FCA, has long been a skeptic of crypto. In 2017, he warned: “If you want to invest in bitcoin, be prepared to lose all your money.”


Bitcoin is up over 90% so far this year, thanks in part to rising interest from institutional investors and corporate buyers such as Tesla. The electric car firm bought $1.5 billion worth of bitcoin earlier this year, and the value of its holdings have since risen to nearly $2.5 billion.

Proponents of bitcoin see it as a store of value akin to gold because of its scarce supply — only 21 million bitcoins can ever be minted — arguing that the cryptocurrency can act as a hedge against inflation as central banks around the world print money to relieve coronavirus-battered economies.

However, skeptics view bitcoin as a market bubble waiting to burst. Michael Hartnett, chief investment strategist at Bank of America Securities, said bitcoin’s rally looks like the “mother of all bubbles,” while Alvine Capital’s Stephen Isaacs believes there are “no fundamentals with this product, period.”

VIDEO07:14
BOE’s Bailey: UK economy will have ‘bounce back,’ then return to balance
Meanwhile, alternative digital currencies have made even larger gains than bitcoin. Ether, the native token of the Ethereum blockchain, has seen returns of more than 360% year-to-date, while meme-inspired crypto dogecoin is up a whopping 12,500%.

Analysts have attributed dogecoin’s rise to tweets from celebrities like Elon Musk and Mark Cuban, as well as retail investors buying the token on the free-trading app Robinhood. David Kimberley, an analyst at U.K. investing app Freetrade, described the dogecoin rally as “a classic example of greater fool theory at play,” referring to the practice of selling overvalued assets to investors who are willing to pay a higher price.

At the same time, central banks are considering whether to issue their own digital currencies. Last month, the Bank of England launched a joint taskforce with the Treasury aimed at exploring central bank digital currencies, or CBDCs. Such a currency would exist alongside cash and bank deposits rather than replacing them, the bank said.
...

read rest here https://www.cnbc.com/2021/05/07/bank-of-englands-bailey-crypto-investors-risk-losing-all-their-money.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 07, 2021, 06:23:40 AM
Quote from: BossBoss on May 07, 2021, 06:10:39 AM
Youre response is kind of ironic if you ask me..
everything has a use case..my dick has a use case.

It is too easy to make a coin, anyone could do it .
Partners means nothing, i can pay you 10 million to print your logo on my stuff.

What about IOTA(MIOTA) or Komodo(KMD)? Why is VeChain better? (cause china :D)
From a technical standpoint i don't believe that VeChain is better..so which one is the shitcoin here..?


lol wtf?

Ive heard of comparing apples and oranges, now were comparing dicks to crypto. 

Interesting trading psychology.

Lets partner up, you give me 10 million and ill give you my logo.  Whats your mailing address?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: BossBoss on May 07, 2021, 06:26:09 AM
Quote from: Bindare_Dundat on May 07, 2021, 06:23:40 AM

lol wtf?

Yes
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 07, 2021, 08:57:03 AM
If you had $10,000 to invest into crypto, which projects would you choose?

Ben Armstrong's multiple picks: XRP, ADA, ETH, VET, SOL (He clearly LOVES VeChain & explains why + he did say if he had to drop all $10K into one of them XRP would be it, because although super risky with its lawsuit, it does stand to possibly go parabolic).

HASHOSHI picks: ADA, DOT, COSMOS & EGLD

J_ATX: VET & COO

Justin Williams: LTC & XLM



Again, from where I am sitting, VeChain has no competition (as mentioned in the video and works via supply chain). I think that's the play. I do think Cardano/ADA is fundamentally the best looking crypto given its firm researched foundation and the types of projects they are looking to take part in (Save Africa etc), but their growth pattern might be slow compared to some of the aforementioned pics. I think DOT is attractive and a direct competitor to ADA, could go either way as to who will have market dominance between the two. I think we could very well see ETH take over and dethrone Bitcoin. As long as their fee issues can be ironed out (EIP) and the 2.0 version can bring about improved ease in functionality, ETH will be hard to beat. A lot of institutional money looks to be lining up to pump into ETH.

Thoughts?

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 07, 2021, 10:31:19 AM
Quote from: OneMoreRep on May 07, 2021, 08:57:03 AM


Again, from where I am sitting, VeChain has no competition (as mentioned in the video and works via supply chain). I think that's the play. I do think Cardano/ADA is fundamentally the best looking crypto given its firm researched foundation and the types of projects they are looking to take part in (Save Africa etc), but their growth pattern might be slow compared to some of the aforementioned pics. I think DOT is attractive and a direct competitor to ADA, could go either way as to who will have market dominance between the two. I think we could very well see ETH take over and dethrone Bitcoin. As long as their fee issues can be ironed out (EIP) and the 2.0 version can bring about improved ease in functionality, ETH will be hard to beat. A lot of institutional money looks to be lining up to pump into ETH.

Thoughts?

"1"

I held similar opinions about ETH way back in 2018 so it's nice to see you independently arriving to the same conclusion.

I agree that Cardano looks impressive, but it too could eventually run into similar fee issues as ETH. They'll have the benefit of knowing how and what ETH does to solve this and any other issues, but ETH could be too big and too ingrained in the system by then for it to matter.

Still worth holding some Cardano though. Same with DOT.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 07, 2021, 10:40:30 AM
Quote from: OneMoreRep on May 07, 2021, 08:57:03 AM
If you had $10,000 to invest into crypto, which projects would you choose?

Ben Armstrong's multiple picks: XRP, ADA, ETH, VET, SOL (He clearly LOVES VeChain & explains why + he did say if he had to drop all $10K into one of them XRP would be it, because although super risky with its lawsuit, it does stand to possibly go parabolic).

HASHOSHI picks: ADA, DOT, COSMOS & EGLD

J_ATX: VET & COO

Justin Williams: LTC & XLM



Again, from where I am sitting, VeChain has no competition (as mentioned in the video and works via supply chain). I think that's the play. I do think Cardano/ADA is fundamentally the best looking crypto given its firm researched foundation and the types of projects they are looking to take part in (Save Africa etc), but their growth pattern might be slow compared to some of the aforementioned pics. I think DOT is attractive and a direct competitor to ADA, could go either way as to who will have market dominance between the two. I think we could very well see ETH take over and dethrone Bitcoin. As long as their fee issues can be ironed out (EIP) and the 2.0 version can bring about improved ease in functionality, ETH will be hard to beat. A lot of institutional money looks to be lining up to pump into ETH.

Thoughts?

"1"

do you personally own any crypto?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on May 07, 2021, 10:49:15 AM
Quote from: OneMoreRep on May 07, 2021, 08:57:03 AM
If you had $10,000 to invest into crypto, which projects would you choose?

Ben Armstrong's multiple picks: XRP, ADA, ETH, VET, SOL (He clearly LOVES VeChain & explains why + he did say if he had to drop all $10K into one of them XRP would be it, because although super risky with its lawsuit, it does stand to possibly go parabolic).

HASHOSHI picks: ADA, DOT, COSMOS & EGLD

J_ATX: VET & COO

Justin Williams: LTC & XLM



Again, from where I am sitting, VeChain has no competition (as mentioned in the video and works via supply chain). I think that's the play. I do think Cardano/ADA is fundamentally the best looking crypto given its firm researched foundation and the types of projects they are looking to take part in (Save Africa etc), but their growth pattern might be slow compared to some of the aforementioned pics. I think DOT is attractive and a direct competitor to ADA, could go either way as to who will have market dominance between the two. I think we could very well see ETH take over and dethrone Bitcoin. As long as their fee issues can be ironed out (EIP) and the 2.0 version can bring about improved ease in functionality, ETH will be hard to beat. A lot of institutional money looks to be lining up to pump into ETH.

Thoughts?

"1"

Cardano and a long shot with huge upside is LION
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 07, 2021, 11:58:58 AM
Quote from: FitnessFrenzy on May 07, 2021, 10:40:30 AM
do you personally own any crypto?

Yes. I have 6 altcoins that I invest into and each one has gotten anywhere between $2,000-$5,000 poured into them. I also own a very small position in BitCoin.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 07, 2021, 12:15:45 PM
Quote from: Flexacon on May 07, 2021, 10:31:19 AM
I held similar opinions about ETH way back in 2018 so it's nice to see you independently arriving to the same conclusion.

I agree that Cardano looks impressive, but it too could eventually run into similar fee issues as ETH. They'll have the benefit of knowing how and what ETH does to solve this and any other issues, but ETH could be too big and too ingrained in the system by then for it to matter.

Still worth holding some Cardano though. Same with DOT.

I think if someone were ballsy, they would go ahead and drop about $70K into Ethereum (at its current price $3,500+/coin) and then sit back and just hold for another 5-10 years. There's a pretty good likelihood that it could become the Bitcoin of tomorrow with a price of $50,000/coin. That's a huge gamble and a lot of money to place on ice that is so damn volatile, but it could make you a millionaire within a 5-10 yr time frame.

That's one approach that I won't take, but could very well work for those that have substantial holdings in Bitcoin and might want a way out before that ship potentially sinks. I don't think BTC is going anywhere for the time being, but it's deaf, blind and dumb and sooner or later a viable replacement will dethrone it and ETH is looking VERY attractive to institutional money.

The safe approach? Take $15-$25K and just diversify into all of the top altcoins in the top 10 and if you want to buy a few fractional positions on BTC then do so.

BTW, the only reason my stance on crypto has changed is because I am almost certain that the US economy is going to crash, to what extent (long term recession vs brutal depression) I don't know. Inflation is coming, Janet Yellen confirmed it and then chickened out of her statements, but it's as clear as day. I am not sure that hyperinflation will ensue, but can we get crazy inflation to the tune of 6-10%? Fuck yeah.

I've purposely diversified my portfolio and maximized my real estate holdings, kept good position in utility stocks and really poured well into Amazon & Walmart. But aside from that angle, I also diversified into cryptos to hedge against incoming inflation. The problem with that in itself is that there are a lot of rumors regarding government regulation of cryptos around the corner (This DOGE shit isn't helping to be honest). Also, if inflation hits and the value of the dollar goes to shit, when you do sell these cryptos, you typically sell for the USD denomination and if the value of the dollar is shit in a few years, hard to tell what's the best angle, but I'm covering all angles.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 07, 2021, 02:30:34 PM
Quote from: obsidian on May 07, 2021, 06:10:53 AM
Lol. I am not going off the rails. It is obvious that the dollar is in a hyperinflationary collapse against cryptocurrencies. Obviously I hope we do not see hyperinflation with goods, services and food. But things are ticking up. When I say the dollar is toast I don't mean the next month or year. But its days as it currently exist are numbered.

https://markets.businessinsider.com/news/stocks/us-dollar-crash-high-chance-double-dip-recession-roach-2020-9-1029618113

The US is facing a dollar collapse by the end of 2021 and an over 50% chance of a double-dip recession, economist Stephen Roach says

The US dollar could collapse by the end of 2021 and the economy can expect a more than 50% chance of a double-dip recession, the economist Stephen Roach told CNBC on Wednesday.

The US has seen economic output rise briefly and then fall in eight of the past 11 business-cycle recoveries, Roach said.

Grim second-quarter data cannot be dismissed, he said, pointing out that "the current-account deficit in the United States, which is the broadest measure of our international imbalance with the rest of the world, suffered a record deterioration."

Roach last predicted a crash in the dollar index in June, when it was trading at about 96. He said at the time that it would collapse 35% against other major currencies within the next year or two.

The "seemingly crazed idea" that the US dollar will collapse against other major currencies in the post-pandemic global economy is not so crazy anymore, the economist Stephen Roach told CNBC's "Trading Nation" on Wednesday.

Roach, a former chairman of Morgan Stanley Asia, also said he sees a more than 50% probability of a double-dip recession in the United States.

He based that prediction on historical evidence, saying that in eight of the past 11 business-cycle recoveries economic output has risen briefly and then fallen.

"It's certainly something that happens more often than not," he said.


The large rush in price you are seeing in crypto is the cyclical design dude. Crypto is going to crash like a mofo in the near future just like in 2017-2018.

US has 130% debt to GDP which is still perfectly solvent. Over 300% and that’s when you see solvency issues.

The bond market still has buyers other than the govt so they are not yet performing yield curve control.

The US is not yet at the stage where they have lost control. You still need to see:
*product shortages
*huge price increases in housing costs
*huge increases in food costs (as in price doubles)
*protests over low wages
*protests over lack of jobs
*US debt solvency issues

You won’t see a recession because the data will show GDP increases due to all the QE and stimulus.

Saying the USD will collapse this year is what MR A said would happen in January and it never did just like it won’t by the end of 2021.

Have the exchange rates shifted? No. Has the USD lost it’s place as the world currency? No. Is there a viable alternative to the USD as a world currency now? No.

You wouldn’t want it to collapse this year anyway because it will take all of crypto with it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on May 07, 2021, 03:35:44 PM
Let’s be clear about the crypto mania happening. If it wasn’t for Covid this whole thing never would have happened. Bitcoin , eth, dogs etc would be at way lower prices.  Estimates are anywhere from 10-20% of stimulus money went into crypto.  That’s a lot of money given for free and invested in it
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 07, 2021, 04:13:59 PM
Quote from: El Diablo Blanco on May 07, 2021, 03:35:44 PM
Let’s be clear about the crypto mania happening. If it wasn’t for Covid this whole thing never would have happened. Bitcoin , eth, dogs etc would be at way lower prices.  Estimates are anywhere from 10-20% of stimulus money went into crypto.  That’s a lot of money given for free and invested in it

A higher than expected price for crypto yes but the cyclical pattern still dictates a parabolic end.

The mania is still part of the cycle, we would just have a price of 30k instead of 60k without the lockdown.

But absolutely the lockdown ignited crypto and it will consume a heck of a lot of money.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Coffeed on May 07, 2021, 04:37:33 PM

what's the best site to buy crypto for the least fees if you're a very small time investor? (not robinhood though)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: BossBoss on May 07, 2021, 05:13:20 PM
Why would you buy anything else when you can buy Doge?
Why would you buy a shitcoin like VeChain when you can buy Doge?

This is what baffles me, i mean we are still very early in the game.
This is not about tech and it never was..you need proof? read this thread from the beginning.

Put 1000$ in Doge today thank me later in three month.
Everybody should hodl at least a tiny amount..

P.s. i will update future Dogecoin prices gib style.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 07, 2021, 06:33:55 PM
Quote from: BossBoss on May 07, 2021, 05:13:20 PM
Why would you buy anything else when you can buy Doge?
Why would you buy a shitcoin like VeChain when you can buy Doge?

This is what baffles me, i mean we are still very early in the game.
This is not about tech and it never was..you need proof? read this thread from the beginning.

Put 1000$ in Doge today thank me later in three month.
Everybody should hodl at least a tiny amount..

P.s. i will update future Dogecoin prices gib style.

I'm not in this to make tens of thousands or even a few 100k in a short space of time. Sure that would be nice, but realistically that kinda money wouldn't change my life as I'm already pretty comfortable. I'm after high 7 figures minimum or nothing and the best chance for that happening is by finding the most legitimate crypto assets and going long.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 07, 2021, 06:48:43 PM
Quote from: Flexacon on May 07, 2021, 06:33:55 PM
I'm not in this to make tens of thousands or even a few 100k in a short space of time. Sure that would be nice, but realistically that kinda money wouldn't change my life as I'm already pretty comfortable. I'm after high 7 figures minimum or nothing and the best chance for that happening is by finding the most legitimate crypto assets and going long.
And that just might be Dog money lol! I heard it is the new stablecoin...  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 07, 2021, 06:52:20 PM
Quote from: BossBoss on May 07, 2021, 05:13:20 PM
Why would you buy anything else when you can buy Doge?
Why would you buy a shitcoin like VeChain when you can buy Doge?

This is what baffles me, i mean we are still very early in the game.
This is not about tech and it never was..you need proof? read this thread from the beginning.

Put 1000$ in Doge today thank me later in three month.
Everybody should hodl at least a tiny amount..

P.s. i will update future Dogecoin prices gib style.
It is a little about tech. If I go to a coffee shop and buy a drink my credit card transaction is not finalized until about a day later. It shows a temporary balance on my statement. With cryptos this could be instantaneous.

There is going to come a point where you will pay for something on your phone and the other guy gets it immediately. Kind of the way airdrop on the iPhone allows you to send photos from one iPhone to another by just holding them side by side.

But I agree. The millions of potential retail investors don't know about vechain and could care two shit about it. All they will know about is Dog Coin! And see that it has mooned.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 07, 2021, 06:54:24 PM
I am trolling a bit. It sounds like Vechain has huge potential. I bought it back in 2018. Still have it and getting staking rewards.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 07, 2021, 08:24:22 PM
Quote from: Flexacon on May 07, 2021, 06:33:55 PM
I'm not in this to make tens of thousands or even a few 100k in a short space of time. Sure that would be nice, but realistically that kinda money wouldn't change my life as I'm already pretty comfortable. I'm after high 7 figures minimum or nothing and the best chance for that happening is by finding the most legitimate crypto assets and going long.

This.

When you get to 7 figures the willingness to YOLO into a piece of shit with high risk high return dwindles.

Although if the suit case TV game show is anything to go by, the vast majority will YOLO.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 08, 2021, 01:22:43 AM
Quote from: Coffeed on May 07, 2021, 04:37:33 PM
what's the best site to buy crypto for the least fees if you're a very small time investor? (not robinhood though)
Binance is pretty low. If you are in USA go to binance.us. It will take time to be approved so you won't be able to buy immediately.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 08, 2021, 01:32:32 AM
Quote from: Mayday on May 07, 2021, 02:30:34 PM

The large rush in price you are seeing in crypto is the cyclical design dude. Crypto is going to crash like a mofo in the near future just like in 2017-2018.

US has 130% debt to GDP which is still perfectly solvent. Over 300% and that’s when you see solvency issues.

The bond market still has buyers other than the govt so they are not yet performing yield curve control.

The US is not yet at the stage where they have lost control. You still need to see:
*product shortages
*huge price increases in housing costs
*huge increases in food costs (as in price doubles)
*protests over low wages
*protests over lack of jobs
*US debt solvency issues

You won’t see a recession because the data will show GDP increases due to all the QE and stimulus.

Saying the USD will collapse this year is what MR A said would happen in January and it never did just like it won’t by the end of 2021.

Have the exchange rates shifted? No. Has the USD lost it’s place as the world currency? No. Is there a viable alternative to the USD as a world currency now? No.

You wouldn’t want it to collapse this year anyway because it will take all of crypto with it.
A lot of people are worried about inflation. Hyperinflation changes the game. Cryptos will not drop in value when fiat currencies are collapsing in value.

http://economiccollapsenews.com/2021/05/03/bank-of-america-warns-of-transitory-hyperinflation-ahead/

Is the United States about to go through hyper-inflation?

The Bank of America recently unveiled a stunner during its earnings call that suggested the nation is in store for “transitory hyperinflation.”

The financial institution wrote:

“On an absolute basis, [inflation] mentions skyrocketed to near record highs from 2011, pointing to at the very least, ‘transitory’ hyper-inflation ahead.”

When even the Wall Street titans are sounding not just inflation but hyperinflation, it is time to hang onto your gold, bitcoin, barrels of oil, and soup cans.

It is going to be a bumpy year.

But remember: there is no inflation if you don’t eat, live under a roof, seek medical care, or wear clothing.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 08, 2021, 01:40:14 AM
Interesting video...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 08, 2021, 01:47:11 AM
Quote from: obsidian on May 08, 2021, 01:40:14 AM
Interesting video...



Cuban has one of the world's most punchable faces. Id give half my BTC stack if I could kick the shit out of him. He's a crypto illiterate that milking the lot of you for his own selfish reasons. He doesn't give a fuck how it effects the crypto environment once his pockets are filled.


Pay attention to what the SEC has been saying lately. It won't end well for many holding shit like doge.
Yoi are in daydream land if you don't think the hammer is coming and its coming sooner rather than later. You can thank yourselves later for pushing this shitcoin like you guys have.

Let it go.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 08, 2021, 02:29:44 AM
Quote from: obsidian on May 08, 2021, 01:32:32 AM
A lot of people are worried about inflation. Hyperinflation changes the game. Cryptos will not drop in value when fiat currencies are collapsing in value.

http://economiccollapsenews.com/2021/05/03/bank-of-america-warns-of-transitory-hyperinflation-ahead/

Is the United States about to go through hyper-inflation?

The Bank of America recently unveiled a stunner during its earnings call that suggested the nation is in store for “transitory hyperinflation.”

The financial institution wrote:

“On an absolute basis, [inflation] mentions skyrocketed to near record highs from 2011, pointing to at the very least, ‘transitory’ hyper-inflation ahead.”

When even the Wall Street titans are sounding not just inflation but hyperinflation, it is time to hang onto your gold, bitcoin, barrels of oil, and soup cans.

It is going to be a bumpy year.

But remember: there is no inflation if you don’t eat, live under a roof, seek medical care, or wear clothing.



So you think the USD collapses inside the next 7 months.

I dismantled Mr A with all his nonsense talk on this exact topic and Last year he claimed the USD would collapse by January 2021 😂

We will probably be ballpark 2028 when we are experiencing a large amount of pain in society.

My fuel is up 10% from last year. Bugger all. Hyperinflation because fuel is up 10% lol?  Wake me when we double and triple.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 08, 2021, 02:46:40 AM
doge so close to being the 3rd biggest crypto  8)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 08, 2021, 03:15:14 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 08, 2021, 03:31:09 AM
BTC getting ready to pump  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 08, 2021, 03:43:28 AM
Quote from: Mayday on May 08, 2021, 02:29:44 AM
So you think the USD collapses inside the next 7 months.

I dismantled Mr A with all his nonsense talk on this exact topic and Last year he claimed the USD would collapse by January 2021 😂

We will probably be ballpark 2028 when we are experiencing a large amount of pain in society.

My fuel is up 10% from last year. Bugger all. Hyperinflation because fuel is up 10% lol?  Wake me when we double and triple.
The dollar has been collapsing for decades. What was the buying power of the dollar 50 years ago compared to today? When I say the dollar is collapsing I mean the buying power reduces as time goes on.

Things are more expensive across the board. And not just the USA but Australia, UK etc. They are blaming Covid for this but perhaps this is the new normal. Banks also offer pathetic savings interest rates. You can't leave dollars in a bank account because it loses value and does not earn any significant interest, certainly less than the inflation rate. That's why Max Keiser is saying cash is trash. So why would people exit the crypto market causing a collapse of the prices when cash is trash?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 08, 2021, 03:46:44 AM
Quote from: Griffith on May 08, 2021, 03:31:09 AM
BTC getting ready to pump  :D
We need BTC to pump to at least a new ATH or more. I want to see Bitcoin do well lol! I don't have BTC yet. Waiting for alts to gain on it more before I make my entry back into it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 08, 2021, 01:47:33 PM
Here's how I see (hope) it going. Bitcoin to a ATH within 2 weeks, ETH to 5K by the end of the month, Alt coins in general peaking 2 weeks into June and then a summer correction for everything. Enjoy the gains!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: jude2 on May 08, 2021, 03:10:44 PM
Quote from: Bindare_Dundat on May 08, 2021, 01:47:11 AM
Cuban has one of the world's most punchable faces. Id give half my BTC stack if I could kick the shit out of him. He's a crypto illiterate that milking the lot of you for his own selfish reasons. He doesn't give a fuck how it effects the crypto environment once his pockets are filled.


Pay attention to what the SEC has been saying lately. It won't end well for many holding shit like doge.
Yoi are in daydream land if you don't think the hammer is coming and its coming sooner rather than later. You can thank yourselves later for pushing this shitcoin like you guys have.

Let it go.
Totally agreed. He is a dick.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 08, 2021, 03:18:38 PM
Quote from: Mayday on May 05, 2021, 07:30:41 PM
ETH - lets fucking go!

10th May 4,200
20th May 6,000
1st June 8,500
15th June 19,500

*Ahem* 9th May and we just tapped 3,950......

Oh yee of little faith
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 08, 2021, 04:14:55 PM
Quote from: Mayday on May 08, 2021, 03:18:38 PM
*Ahem* 9th May and we just tapped 3,950......

Oh yee of little faith

Its running on euphoria now. It's got to have a correction imo and I think its going to be a decent sized one.

Doubling in 2 weeks seem like such a long shot but guess we'll see.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 08, 2021, 05:55:32 PM
Quote from: Bindare_Dundat on May 08, 2021, 04:14:55 PM
Its running on euphoria now. It's got to have a correction imo and I think its going to be a decent sized one.

Doubling in 2 weeks seem like such a long shot but guess we'll see.

This is the dip right now if that’s what you are waiting on.

I outlined 3 more weeks for it to double. This is what a parabolic move looks like and I am saying this is the beginning of the end....

PS I had BTC beginning a run after ETH hits over 4K. The BTC run prevents an ETH correction and it will still drag ETH upwards.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 09, 2021, 03:50:33 AM
DOGE to the moon!

LMAO.

Musk admits its a HUSSLE. Lmao

Wonder,  how many people got burned this time?

Robinhood Overwhelmed by Dogecoin Selloff After SNL Mention
Robinhood began experiencing trading problems while Dogecoin lover Elon Musk was hosting SNL.

AND there are still people in the youtube comments saying to buy the dip and hold. Jesus its so pathetic.


Now let's get to the real market.

I'm telling you now, there isn't going to be a 20k ETH and it will correct hard. When? I'm not sure but it will. Perhaps another delay with a protocol that they are promising? Maost likely, but its coming . This growth it had recently is the same type of doge hype. Because Ethereum still isn't ready. And has no business being this price in reality.

There is only one king in crypto and that it BTC but its also not going shine much longer this cycle.

We are going to have another crypto winter, and the old BTC money is already starting to go into hibernation  with the large amount of BTC going into long term wallet storage and off the exchanges.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Hulkotron on May 09, 2021, 04:08:16 AM
Robinhood seems to always have "technical issues" whenever users are trying to make money.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 09, 2021, 04:24:56 AM
Boo Hoo Doggie seems to have done a doo doo.

Yes, you all DOGE lovers got scammed and prank by musk.

Lesson learned I hope.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 09, 2021, 04:28:09 AM
Quote from: gib on May 09, 2021, 04:24:56 AM
Boo Hoo Doggie seems to have done a doo doo.

Yes, you all DOGE lovers got scammed and prank by musk.

Lesson learned I hope.

No still not learned. 

Comments in youtube are,

Keep holding,   Cuban said xyz..Elon was just joking. The dip was expected, this is normal.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 09, 2021, 04:30:12 AM
Quote from: Hulkotron on May 09, 2021, 04:08:16 AM
Robinhood seems to always have "technical issues" whenever users are trying to make money.

Shit service i wouldn't touch with a 10 ft. pole.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 09, 2021, 04:36:24 AM
Quote from: Bindare_Dundat on May 09, 2021, 04:28:09 AM
No still not learned. 

Comments in youtube are,

Keep holding,   Cuban said xyz..Elon was just joking. The dip was expected, this is normal.

Cuban really is thick as 2 planks. He's been incredibly lucky and has some personality skills that have led to success. But intelligence is not one of them.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 09, 2021, 04:41:22 AM
Quote from: gib on May 09, 2021, 04:36:24 AM
Cuban really is thick as 2 planks. He's been incredibly lucky and has some personality skills that have led to success. But intelligence is not one of them.

Yup, more luck than brains for sure. He comes off as a complete jerk/creep to me. Wonder how many people hes fucked over in the years hes been in business?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 09, 2021, 04:44:06 AM
If BTC finally has a confirmed break above 59k, will be a huge pump.

Think it could test 59k again today.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 09, 2021, 04:51:35 AM
Quote from: Bindare_Dundat on May 09, 2021, 04:46:41 AM
No. It won't not on a Sunday and especially not after the Elon skit. I told you guys that Elon and Doge would be the catalyst that hurts crypto. Now its all going to be questioned as a scam for a while by mainstream media etc...its going to spook alit of potential investors.

People need to learn not to be celebrity ball lickers

You think we're at the peak of this bullrun?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 09, 2021, 04:53:53 AM
Same shit, different coin. Not good for cryptos.short term outlook.  These runs always end badly.

]Ethereum Classic’s ‘Irrational’ Price Tripling Bears Hallmark of Dogecoin Frenzy
Analysts see speculative fever rather than informed bets on the blockchain’s future technological potential.

https://www.coindesk.com/ethereum-classic-tripling-price-dogecoin
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 09, 2021, 04:54:31 AM
Quote from: Griffith on May 09, 2021, 04:51:35 AM
You think we're at the peak of this bullrun?

Yes, very close. That's just my opinion based on my years in this environment.  People are being way too optimistic and thats usually when shit hits the fan. There are coins hitting prices they have no business hitting. Its going to hurt alot of people and then the politicians will enter the space to try and "protect" the public. All downhill after that for a period of time

If you're here for thr long term then just store it and forget about it for the next few years. If youre trading id be more reluctant to be longing anything in any serious manner. I have my trading account locked up in usdt for the time being.

Maybe I'll be pleasantly surprised, only time will tell. Thats the only real constant here.

That's why I always preach to take some profit. At least take out your original capital.  Then what happens next won't hurt .....as much. Lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 09, 2021, 06:31:53 AM
Relax buttercup. This bull run is maybe 50% done. We have a good solid month of gains still to come before we get a proper correction.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on May 09, 2021, 07:03:33 AM
Quote from: Flexacon on May 09, 2021, 06:31:53 AM
Relax buttercup. This bull run is maybe 50% done. We have a good solid month of gains still to come before we get a proper correction.

Unless the gov is giving more stimulus money. These runs are over. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 09, 2021, 07:06:52 AM
Quote from: El Diablo Blanco on May 09, 2021, 07:03:33 AM
Unless the gov is giving more stimulus money. These runs are over.

Yeah, cos only Americans buy crypto
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on May 09, 2021, 07:08:50 AM
Quote from: El Diablo Blanco on May 09, 2021, 07:03:33 AM
Unless the gov is giving more stimulus money. These runs are over.

Still like VET?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 09, 2021, 07:17:11 AM
Quote from: Flexacon on May 09, 2021, 06:31:53 AM
Relax buttercup. This bull run is maybe 50% done. We have a good solid month of gains still to come before we get a proper correction.

I'm very relaxed sunshine.  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 09, 2021, 07:49:17 AM
Quote from: El Diablo Blanco on May 09, 2021, 07:03:33 AM
Unless the gov is giving more stimulus money. These runs are over.

Another multi trullion dollar spending package is potentially in the works. That has a huge effect as well.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 09, 2021, 10:37:07 AM
https://cointelegraph.com/news/shanghai-man-vechain-on-tv-doge-flips-btc-hotbit-hack-blockchain-engineers-make

VeChain on Chinese national TV

English-language and state-run business channel CGTN created a short expository video on blockchain’s growth post-COVID19. The video and article featured a close look at VeChain’s progress in developing business solutions, explaining how the technology could be applied to the food safety and infection control industry.

The media company shot a short video inside the office and interviewed a few of the developers, indicating that the company has done well to comply with regulatory requirements in the tightly run country.

It’s no secret that VeChain has a top position and close relationship with many government backed organizations, which is an enviable position for any enterprise Blockchain-as-a-Service provider.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 09, 2021, 10:46:06 AM
https://ambcrypto.com/ripple-execs-on-xrp-heres-why-2021-is-already-off-to-a-roaring-start/

Ripple Execs on XRP; here’s why 2021 is already off to a roaring start

Lately, any news about Ripple pertains to the XRP lawsuit that the SEC filed against the firm in December 2020. However, the firm’s quarterly report projects an optimistic picture for the digital asset, as XRP sales more than doubled from the previous quarter.

According to the General Manager of RippleNet Asheesh Birla,

“In 2020 alone, over three million transactions crossed the network, with Southeast Asia leading the charge. Furthermore, 2021 is already off to a roaring start, particularly across the Middle East and Latin America.”

On CBDCs, she added:

“[CBDCs] will be a major acceleration for the adoption of Ripple’s technology. We are going to be there. We are meeting and currently discussing strategy with various central banks around the world.”
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 09, 2021, 10:58:06 AM
Quote from: Griffith on May 09, 2021, 10:37:07 AM
https://cointelegraph.com/news/shanghai-man-vechain-on-tv-doge-flips-btc-hotbit-hack-blockchain-engineers-make

VeChain on Chinese national TV

English-language and state-run business channel CGTN created a short expository video on blockchain’s growth post-COVID19. The video and article featured a close look at VeChain’s progress in developing business solutions, explaining how the technology could be applied to the food safety and infection control industry.

The media company shot a short video inside the office and interviewed a few of the developers, indicating that the company has done well to comply with regulatory requirements in the tightly run country.

It’s no secret that VeChain has a top position and close relationship with many government backed organizations, which is an enviable position for any enterprise Blockchain-as-a-Service provider.

For what it's worth, I've said for quite some time (echoing some of the top economists of our time) that China is the rising world superpower that will dethrone the USA. If you look at its growth from the early 90s to now, it's nothing short of amazing. They already beat us in trade, hold a decent amount of our debt and are so much more productive given that they don't have any of our pesky labor laws or work unions.

Vechain has no competitors, is best suited to take China to the next frontier via their patents for systems that reduce carbon emissions (exactly what China wants in their 5 year plan), VeChains ability to functionalize the digital Yuan and Vechain's scalability through retail (there's a reason they have partnerships with Amazon, Walmart, BMW, Price Waterhouse Coopers and Deloitte).

How big VeChain will become is anyone's guess. While the price is so cheap, picking up a 1-2,000 $VET isn't a bad idea at all (keeping in mind that at its current price of $0.22 USD, you can buy over 1800 $VET for just about $400 USD, it's a cheap enough investment into a crypto that has good potential to be part of the heart of trade in Asia). That being said, don't take anything I say as investment advice, I am an accountant and I know my role.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bevo on May 09, 2021, 11:39:59 AM
Quote from: gib on May 09, 2021, 04:36:24 AM
Cuban really is thick as 2 planks. He's been incredibly lucky and has some personality skills that have led to success. But intelligence is not one of them.

Being a billionaire takes some kind of intelligence....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: BossBoss on May 09, 2021, 12:01:03 PM
Quote from: gib on May 09, 2021, 04:24:56 AM
Boo Hoo Doggie seems to have done a doo doo.

Yes, you all DOGE lovers got scammed and prank by musk.

Lesson learned I hope.

Doge will hit 1$ soon.

I printed your post and put it on my wall..

First they ignore you, then they laugh at you, then they fight you, then you win.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 09, 2021, 01:38:53 PM
Quote from: BossBoss on May 09, 2021, 12:01:03 PM
Doge will hit 1$ soon.

I printed your post and put it on my wall..

First they ignore you, then they laugh at you, then they fight you, then you win.

Hopefully you get something out of your loyalty to Doge, but Doge won't be winning anything.

It will get pumped and dumped until bag holders go broke or leave Doge. Meanwhile most of those who cash in will eventually just reinvest in Bitcoin and Eth.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 09, 2021, 03:00:11 PM
Quote from: Griffith on May 09, 2021, 04:44:06 AM


Think it could test 59k again today.

I may have to eat my words. Lol will it be able to squeeze out enough to get to 59k in the next 6 hrs?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 09, 2021, 05:37:18 PM
Quote from: obsidian on May 08, 2021, 03:43:28 AM
The dollar has been collapsing for decades. What was the buying power of the dollar 50 years ago compared to today? When I say the dollar is collapsing I mean the buying power reduces as time goes on.

Things are more expensive across the board. And not just the USA but Australia, UK etc. They are blaming Covid for this but perhaps this is the new normal. Banks also offer pathetic savings interest rates. You can't leave dollars in a bank account because it loses value and does not earn any significant interest, certainly less than the inflation rate. That's why Max Keiser is saying cash is trash. So why would people exit the crypto market causing a collapse of the prices when cash is trash?

Cheers for clarifying what you mean by collapsing (devaluation). The fundamental nature of our monetary system is growth = inflation of prices which you get by devaluation of currency and debt.

Absolutely cash is trash right now because QE is stuck in banks and the wealthy and it’s buying up financial assets. Your wages haven’t increased yet your property just flew up 30%. I have a stack of posts about how that functions on here.

You need to remember the entire USD monetary system is leveraged 25x. THAT is the problem which you are forgetting. Debt is a zero sum game because it nets out to zero (asset & liability). Of The money you see in the system, only 4% of it is real which is why the govts shit themselves over a market crash because when it unwinds it causes a liquidity crises at the speed of computers.

We did not allow a reset post GFC. We did not allow a reset post pandemic. So now we have stock valuations at 70x earning instead of 10x. Loss of confidence = liquidity crises = deflationary spiral = Prices fall = hyperinflation outcome.

If Bitcoin was $100 and all debt unwound the price of Bitcoin is $4. Crypto pricing is part of the fiat system and bound to the same rules and risks. If I walk up to you and offer you 0.00000001 BTC for your house you have NFI whether that is a good deal or not unless you convert into fiat value. That’s the reality, not the narrative.

When BTC taps 200k+ in the next few months it is by design (reality), not the narrative. The peak of 2017 you held and everybody dumped. You bought the narrative. In a few months time at 200K+ it will dump. If you hold it’s because you bought the narrative.

Don’t kid yourself the downswing on crypto after the parabolic run is going to melt faces off people
While you scream diamond 🙌




Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 09, 2021, 11:10:28 PM
Quote from: Flexacon on May 09, 2021, 07:06:52 AM
Yeah, cos only Americans buy crypto

LOL! Great point. :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 09, 2021, 11:15:58 PM
Quote from: Flexacon on May 09, 2021, 01:38:53 PM
Hopefully you get something out of your loyalty to Doge, but Doge won't be winning anything.

It will get pumped and dumped until bag holders go broke or leave Doge. Meanwhile most of those who cash in will eventually just reinvest in Bitcoin and Eth.

Correct. All the alt pump and dumpsters each cycle ultimately unload leaving suckers holding the bag. But they stay primarily in the crypto ecosystem and use BTC as their benchmark of wealth as well as a long term store of wealth. Happens every cycle...

Meanwhile, those burned on alts swear "never again" only to dip their toes back into the market again next cycle, only this time they play it safer and stick to BTC - lesson learned...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 09, 2021, 11:55:01 PM
Quote from: Mayday on May 09, 2021, 05:37:18 PM
Cheers for clarifying what you mean by collapsing (devaluation). The fundamental nature of our monetary system is growth = inflation of prices which you get by devaluation of currency and debt.

Absolutely cash is trash right now because QE is stuck in banks and the wealthy and it’s buying up financial assets. Your wages haven’t increased yet your property just flew up 30%. I have a stack of posts about how that functions on here.

You need to remember the entire USD monetary system is leveraged 25x. THAT is the problem which you are forgetting. Debt is a zero sum game because it nets out to zero (asset & liability). Of The money you see in the system, only 4% of it is real which is why the govts shit themselves over a market crash because when it unwinds it causes a liquidity crises at the speed of computers.

We did not allow a reset post GFC. We did not allow a reset post pandemic. So now we have stock valuations at 70x earning instead of 10x. Loss of confidence = liquidity crises = deflationary spiral = Prices fall = hyperinflation outcome.

If Bitcoin was $100 and all debt unwound the price of Bitcoin is $4. Crypto pricing is part of the fiat system and bound to the same rules and risks. If I walk up to you and offer you 0.00000001 BTC for your house you have NFI whether that is a good deal or not unless you convert into fiat value. That’s the reality, not the narrative.

When BTC taps 200k+ in the next few months it is by design (reality), not the narrative. The peak of 2017 you held and everybody dumped. You bought the narrative. In a few months time at 200K+ it will dump. If you hold it’s because you bought the narrative.

Don’t kid yourself the downswing on crypto after the parabolic run is going to melt faces off people
While you scream diamond 🙌

How long do you think we have left in this bull run?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 10, 2021, 12:10:59 AM
Quote from: Griffith on May 09, 2021, 11:55:01 PM
How long do you think we have left in this bull run?

Im probably calling it earlier than anyone.

ETH June (approx 5-6 weeks)

BTC July (approx 9-10 weeks)

Back on the 5th I called an ETH target of 4,200 for the 10th May and it’s damn close.

As for the rest of it..... well I’m somewhat perplexed at why BTC still hasn’t done anything. I’d like 80k this month.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 10, 2021, 01:44:03 AM
Quote from: Mayday on May 10, 2021, 12:10:59 AM
Im probably calling it earlier than anyone.

ETH June (approx 5-6 weeks)

BTC July (approx 9-10 weeks)

Back on the 5th I called an ETH target of 4,200 for the 10th May and it’s damn close.

As for the rest of it..... well I’m somewhat perplexed at why BTC still hasn’t done anything. I’d like 80k this month.

I believe one of the reasons BTC isnt that high is because just about every prominent youtube channel is spreading the same message of the last bull market cycle and that is,  money is going to go into the large mid cap coins and then it'll go into lower cap coins and eventually circle back into Ethereum and BTC toward the end of the cycle.  The same chart is shown on all of the channels. Viewers follow along.

 A few times  I watched Banter Crypto and AS SOON as they mention the next alt coin to move, it starts pumping. Its amusing as hell and Ill admit  I jumped in once and got out 2 days later and made some good gains. After that, it typically starts going down quicker and quicker every following day.

That one channel has over 15,000 viewers on a live stream. its incredible.

Also, the majority of retail don't know that you can buy a fraction of a bitcoin, so they just go down the list and pick a cheaper priced and cool looking token or whatever is hot in the news at that particular time.


Regarding your June prediction, isnt some big Ethereum news supposed to come out in July? Maybe that will actually pump and extend the market even more in anticipation?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 10, 2021, 02:00:46 AM
Quote from: gib on May 09, 2021, 11:15:58 PM
Correct. All the alt pump and dumpsters each cycle ultimately unload leaving suckers holding the bag. But they stay primarily in the crypto ecosystem and use BTC as their benchmark of wealth as well as a long term store of wealth. Happens every cycle...

Meanwhile, those burned on alts swear "never again" only to dip their toes back into the market again next cycle, only this time they play it safer and stick to BTC - lesson learned...

There will be some alts that will survive a crash and head into the next bull run.

Polkadot, Chainlink, Cardano, Theata, VeChain, etc.. they have utility. They arent going away any time soon.  Alot of f the other alts will get nuked.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 10, 2021, 03:27:34 AM
Quote from: Bindare_Dundat on May 10, 2021, 01:44:03 AM
I believe one of the reasons BTC isnt that high is because just about every prominent youtube channel is spreading the same message of the last bull market cycle and that is,  money is going to go into the large mid cap coins and then it'll go into lower cap coins and eventually circle back into Ethereum and BTC toward the end of the cycle.  The same chart is shown on all of the channels. Viewers follow along.

 A few times  I watched Banter Crypto and AS SOON as they mention the next alt coin to move, it starts pumping. Its amusing as hell and Ill admit  I jumped in once and got out 2 days later and made some good gains. After that, it typically starts going down quicker and quicker every following day.

That one channel has over 15,000 viewers on a live stream. its incredible.

Also, the majority of retail don't know that you can buy a fraction of a bitcoin, so they just go down the list and pick a cheaper priced and cool looking token or whatever is hot in the news at that particular time.


Regarding your June prediction, isnt some big Ethereum news supposed to come out in July? Maybe that will actually pump and extend the market even more in anticipation?

Your top point is a fair comment but I’d argue over a timeline the capital will flow into BTC and ETH therefore won’t influence the outcome. As people get burned in alts they will come to BTC and ETH. You only hear the success stories, nobody posts about getting wreckt.

The major Social media BTC people are driving the ‘Sats’ narrative which is expected and I think a very good initiative to show new markets buyers they can afford Sats.

Your last point is the 1559 protocol Starting mid July. No, I don’t think it extends anything. No, I don’t think that is what is the core driving factor in the ETH rally.

I expect a BTC breakout is imminent.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 10, 2021, 04:25:43 AM
Quote from: Mayday on May 10, 2021, 03:27:34 AM
As people get burned in alts they will come to BTC and ETH. You only hear the success stories, nobody posts about getting wreckt.


I thnk theres the potential DOGE will contribute to cryptos overall short term price drop. It is ranked 4th in market cap, that money isnt going to stay on a sinking ship. The retail bandwagoners will pull out and never look at crypto again and eventually the remaining whales will either buy BTC and ETH or leave crypto themselves filthy rich.





Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 10, 2021, 04:34:07 AM
Quote from: Mayday on May 10, 2021, 03:27:34 AM
Your top point is a fair comment but I’d argue over a timeline the capital will flow into BTC and ETH therefore won’t influence the outcome. As people get burned in alts they will come to BTC and ETH. You only hear the success stories, nobody posts about getting wreckt.

The major Social media BTC people are driving the ‘Sats’ narrative which is expected and I think a very good initiative to show new markets buyers they can afford Sats.

Your last point is the 1559 protocol Starting mid July. No, I don’t think it extends anything. No, I don’t think that is what is the core driving factor in the ETH rally.

I expect a BTC breakout is imminent.
Speaking for myself I have staked a significant amount of Ethereum and earning 6% APR on it. I can't touch it till Ethereum 2.0 is done. And I am fine with that. I don't care if the market corrects 50% or more. I am holding it long term. In 2018 we did not have staking in the equation. There's a lot of Ethereum and Cardano staked which removes the tokens from circulation. Then with Bitcoin you have a number of investors that have diamond hands. A guy like Michael Saylor is not going to sell his BTC even if it crashes 50% or more because he does not want to pay any capital gains taxes. He has said in some interviews that he has already priced in market corrections.

One thing I will do is send some small amount of crypto to a decentralized exchange and start playing with it to see if I can trade up to a bigger position with that. Guys like Bitboy also do that. They don't expose their entire portfolio to trading. His approach is to make a little here, a little there until it all eventually adds up.

And I am going to cash out anywhere from $100k-200k at some point this year. I'll pay taxes on that. I will be able to deduct my electrical and equipment expenses etc. which is over $50k at this point. I also bought some cryptos in 2017 with cash which will reduce my capital gains tax. One thing most should try and avoid in the USA is to have more than $400,000 in capital gains unless you like paying taxes.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 10, 2021, 04:38:54 AM
Quote from: Bindare_Dundat on May 10, 2021, 04:25:43 AM
I thnk theres the potential DOGE will contribute to cryptos overall short term price drop. It is ranked 4th in market cap, that money isnt going to stay on a sinking ship. The retail bandwagoners will pull out and never look at crypto again and eventually the remaining whales will either buy BTC and ETH or leave crypto themselves filthy rich.
I don't think Doge is going away. It it sitting above 50 cents which is not bad - still top 5 even after a big correction. I see Doge hitting $1 at some point this year.

Musk tweeted this 12 hours ago after his SNL appearance:

https://twitter.com/elonmusk/status/1391523807148527620?s=20

SpaceX launching satellite Doge-1 to the moon next year

– Mission paid for in Doge
– 1st crypto in space
– 1st meme in space

To the mooooonnn!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 10, 2021, 05:41:02 AM
Quote from: obsidian on May 10, 2021, 04:38:54 AM
I don't think Doge is going away. It it sitting above 50 cents which is not bad - still top 5 even after a big correction. I see Doge hitting $1 at some point this year.

Musk tweeted this 12 hours ago after his SNL appearance:

https://twitter.com/elonmusk/status/1391523807148527620?s=20

SpaceX launching satellite Doge-1 to the moon next year

– Mission paid for in Doge
– 1st crypto in space
– 1st meme in space

To the mooooonnn!!

i think people are tired of Elons crap. And thats only 2x from here.  Not worth the risk. Better off putting that money into polkadot or cardano
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 10, 2021, 05:46:41 AM
All those who support BTC need to get behind the SATS push:

https://u.today/mike-novogratz-urges-exchanges-to-switch-to-sats-as-bitcoin-becomes-too-expensive
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on May 10, 2021, 10:09:45 AM
Quote from: Bindare_Dundat on May 10, 2021, 05:41:02 AM
i think people are tired of Elons crap. And thats only 2x from here.  Not worth the risk. Better off putting that money into polkadot or cardano

I never realized how awkward Elon was until I saw the SNL show. Shit.  He better stick to Twitter since at least then we can understand him.

Now for people calling Doge dead etc...  This went from .005 to .70 and now sitting at .50. .  Fuck.  That is a massive gain.  It is alive and well.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on May 10, 2021, 10:56:22 AM
Quote from: El Diablo Blanco on May 10, 2021, 10:09:45 AM
I never realized how awkward Elon was until I saw the SNL show. Shit.  He better stick to Twitter since at least then we can understand him.

Now for people calling Doge dead etc...  This went from .005 to .70 and now sitting at .50. .  Fuck.  That is a massive gain.  It is alive and well.

Elon reads a teleprompter a lot better than Joe Biden.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 10, 2021, 11:05:40 AM
Anyone who has the slightest understanding and believes in Elliot wave theory is looking at ethereums move up and is shaking their head. That impulse wave up is screaming for a massive correction.

I still own some eth and the gains are glorious but this is ridiculous. Wonder how many who fomo'd in are going to stick around when this finally decides to do wave #2, the wave that heads down.

It always occurs. Ethereum isn't some exception.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 10, 2021, 11:11:27 AM
Quote from: El Diablo Blanco on May 10, 2021, 10:09:45 AM
I never realized how awkward Elon was until I saw the SNL show. Shit.  He better stick to Twitter since at least then we can understand him.

Now for people calling Doge dead etc...  This went from .005 to .70 and now sitting at .50. .  Fuck.  That is a massive gain.  It is alive and well.

Its only cause Elon can't stop tweeting and the general public is dense as hell and continues to put their fingers in the rat trap. Eventually they'll all flock to the next flavor of the day. Give it time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 10, 2021, 11:15:14 AM
Quote from: obsidian on May 10, 2021, 04:34:07 AM
Speaking for myself I have staked a significant amount of Ethereum and earning 6% APR on it. I can't touch it till Ethereum 2.0 is done. And I am fine with that. I don't care if the market corrects 50% or more. I am holding it long term. In 2018 we did not have staking in the equation. There's a lot of Ethereum and Cardano staked which removes the tokens from circulation. Then with Bitcoin you have a number of investors that have diamond hands. A guy like Michael Saylor is not going to sell his BTC even if it crashes 50% or more because he does not want to pay any capital gains taxes. He has said in some interviews that he has already priced in market corrections.

One thing I will do is send some small amount of crypto to a decentralized exchange and start playing with it to see if I can trade up to a bigger position with that. Guys like Bitboy also do that. They don't expose their entire portfolio to trading. His approach is to make a little here, a little there until it all eventually adds up.

And I am going to cash out anywhere from $100k-200k at some point this year. I'll pay taxes on that. I will be able to deduct my electrical and equipment expenses etc. which is over $50k at this point. I also bought some cryptos in 2017 with cash which will reduce my capital gains tax. One thing most should try and avoid in the USA is to have more than $400,000 in capital gains unless you like paying taxes.

Bitbiy trades with 25x leverage at times. Give it a try.  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 10, 2021, 12:56:06 PM
Wonder how many people just got crushed.

Here comes the pain
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 10, 2021, 01:06:33 PM
Fucking brutal
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 10, 2021, 01:13:55 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 10, 2021, 01:14:54 PM
Quote from: Bindare_Dundat on May 10, 2021, 12:56:06 PM
Wonder how many people just got crushed.

Here comes the pain
OMG relax. There are going to be corrections. This is par for the course with cryptos.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 10, 2021, 01:16:09 PM
Quote from: obsidian on May 10, 2021, 01:14:54 PM
OMG relax. There are going to be corrections. This is par for the course with cryptos.

Relax? Its trading man. Lots of people got nuked in seconds.  I just jumped into a long.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 10, 2021, 01:16:55 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 10, 2021, 01:21:41 PM
Quote from: Bindare_Dundat on May 10, 2021, 11:15:14 AM
Bitbiy trades with 25x leverage at times. Give it a try.  ;D
You mean bybit.com?

I asked this before and someone answered it but I am still not sure how this works.

Let's say you create a 25x long trade with 1 ETH starting at $4,000 and selling at $4,200 and it goes to that price. What happens? What do you get?

And what if the price goes to $3,800? Is there a time period on the trades? Or you can let them ride as long as you want? You can also close them prematurely correct?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 10, 2021, 01:26:30 PM
Quote from: obsidian on May 10, 2021, 01:21:41 PM
You mean bybit.com?

I asked this before and someone answered it but I am still not sure how this works.

Let's say you create a 25x long trade with 1 ETH starting at $4,000 and selling at $4,200 and it goes to that price. What happens? What do you get?

And what if the price goes to $3,800? Is there a time period on the trades? Or you can let them ride as long as you want? You can also close them prematurely correct?

I meant thats how bitboy trades

You have to pay a trading fee every 8 hrs. The fee ranges but is only like. 001% pr so usually. You can create a stop loss anytime and move it where you please during your trade.

Before your order gets executed a pop up window will give you all the details regarding your liquidation price, etc...

Its no different tha spot trading but your profits increase by x amount or drop ny x amount depending on how much your leveraged.

Also say you purchase 5,000 USD worth of BTC on the BTC/USD order book using an extension of margin.

With 5x leverage, only one-fifth of the position size, or 1,000 USD worth, will be withheld from your collateral balance upon purchase of the BTC.

With 2x leverage, half of the position size, or 2,500 USD worth, will be withheld from your collateral balance upon purchase of the BTC.

Without any leverage, you would need a 5,000 USD balance to make this purchase, and this balance would be exchanged directly for the equivalent amount purchased in BTC.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 10, 2021, 01:59:45 PM
Quote from: Bindare_Dundat on May 10, 2021, 12:56:06 PM
Wonder how many people just got crushed.

Here comes the pain

(https://www.blockislandtimes.com/sites/manisses/local/styles/lede_image_wrap/public/2014/06/field/image/DRAMA%20QUEEN.jpg?itok=-C9Tgoan)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 10, 2021, 02:02:45 PM
Quote from: El Diablo Blanco on May 10, 2021, 10:09:45 AM
I never realized how awkward Elon was until I saw the SNL show. Shit.  He better stick to Twitter since at least then we can understand him.

Now for people calling Doge dead etc...  This went from .005 to .70 and now sitting at .50. .  Fuck.  That is a massive gain.  It is alive and well.

He did start the show off telling everyone he has aspergers..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 10, 2021, 02:04:22 PM
Quote from: Flexacon on May 10, 2021, 01:59:45 PM
(https://www.blockislandtimes.com/sites/manisses/local/styles/lede_image_wrap/public/2014/06/field/image/DRAMA%20QUEEN.jpg?itok=-C9Tgoan)

You love it. Lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 10, 2021, 02:17:45 PM
Quote from: gib on May 10, 2021, 05:46:41 AM
All those who support BTC need to get behind the SATS push:

https://u.today/mike-novogratz-urges-exchanges-to-switch-to-sats-as-bitcoin-becomes-too-expensive

BTC maxis in utter meltdown right now. They know a heap of noobs are flooding the market and none of them are going into BTC.

The maxis were asking for it IMO (not you gib). It’ll sort itself out soon enough, maybe this nuke will scare noobs into buying Bitcoin if their shitcoins don’t recover?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 10, 2021, 02:28:16 PM
Quote from: Mayday on May 10, 2021, 02:17:45 PM
BTC maxis in utter meltdown right now. They know a heap of noobs are flooding the market and none of them are going into BTC.

The maxis were asking for it IMO (not you gib). It’ll sort itself out soon enough, maybe this nuke will scare noobs into buying Bitcoin if their shitcoins don’t recover?

Wait until XRP beats the SEC case and bitcoin loses even more of the market.

(I'm loading up on XRP in the dips)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 10, 2021, 02:39:10 PM
Quote from: Mayday on May 10, 2021, 02:17:45 PM
BTC maxis in utter meltdown right now. They know a heap of noobs are flooding the market and none of them are going into BTC.

The maxis were asking for it IMO (not you gib). It’ll sort itself out soon enough, maybe this nuke will scare noobs into buying Bitcoin if their shitcoins don’t recover?

See.that wick on Ethereum. God damn . 3671. Curious to see what the total losses were. Ugly all around.

Eth recovering very quickly. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 11, 2021, 01:48:19 AM
Looks like we're in meme coin season. Now everyone is talking about Shiba coin. The amount of volume traded in 24 hrs was over 24 billion. The world is a gong show 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 11, 2021, 02:32:18 AM
Quote from: Bindare_Dundat on May 10, 2021, 02:39:10 PM
See.that wick on Ethereum. God damn . 3671. Curious to see what the total losses were. Ugly all around.

Eth recovering very quickly.

ETH still has the reins for now.

Despite my first price and date being correct my future price model will unfortunately be wrong.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 11, 2021, 04:26:26 AM
Over $1.74 billion worth of cryptocurrencies were ‘liquidated’ yesterday as the market saw a deep pullback, data from multiple sources shows
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on May 11, 2021, 04:50:34 AM
Quote from: Bindare_Dundat on May 11, 2021, 01:48:19 AM
Looks like we're in meme coin season. Now everyone is talking about Shiba coin. The amount of volume traded in 24 hrs was over 24 billion. The world is a gong show

Every body wants to 10x their money getting in early on shit coins because they missed out on the right time to get into the big coins.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on May 11, 2021, 04:51:11 AM
Quote from: Bindare_Dundat on May 11, 2021, 04:26:26 AM
Over $1.74 billion worth of cryptocurrencies were ‘liquidated’ yesterday as the market saw a deep pullback, data from multiple sources shows

Gib's playing games.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 11, 2021, 05:17:02 AM
Quote from: a_pupil on May 11, 2021, 04:51:11 AM
Gib's playing games.

lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 11, 2021, 05:51:27 AM
Blockchain stocks getting raped. That game was a pump and dump.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 11, 2021, 06:03:47 AM
Quote from: Thin Lizzy on May 11, 2021, 05:51:27 AM
Blockchain stocks getting raped. That game was a pump and dump.

Still outperformed the stock market and its a reflection of the current price of BTC. If BTC recovers those numbers will go back up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 11, 2021, 06:06:50 AM
Quote from: Mayday on May 11, 2021, 02:32:18 AM
ETH still has the reins for now.

Despite my first price and date being correct my future price model will unfortunately be wrong.

How so? And what is it changed to?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 11, 2021, 06:09:47 AM
Quote from: Thin Lizzy on May 11, 2021, 05:51:27 AM
Blockchain stocks getting raped. That game was a pump and dump.

Pumped and dumped...YES

Getting raped....NO. Most are sitting higher higher than they were a week ago
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 11, 2021, 06:10:59 AM
Quote from: Mayday on May 11, 2021, 02:32:18 AM
ETH still has the reins for now.

Despite my first price and date being correct my future price model will unfortunately be wrong.

As I  told you at the time. It was too optimistic.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 11, 2021, 06:20:35 AM
Quote from: Flexacon on May 11, 2021, 06:09:47 AM
Pumped and dumped...YES

Getting raped....NO. Most are sitting higher higher than they were a week ago

Give it time. It’ll be back to 5.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 11, 2021, 06:32:48 AM
Wall Street Uses Old Tricks in $2.4 Trillion Crypto Jungle

Wall Street traders like Trey Griggs are finding a new lease on life in the $2.4 trillion crypto Wild West.

After two decades in energy trading, the 51-year-old was lured by a former Goldman Sachs Group Inc. colleague this February into a new world of market-making in digital currencies.

Now he’s in fighting spirits -- unleashing old-school finance tricks to exploit the industry’s rampant inefficiencies, volatility and downright weirdness.

“All the fun that used to be had 30 years ago in the commodity markets and is no longer fun -- that fun is now in crypto,” says the U.S. chief executive officer at GSR Markets in Houston.

Griggs is among crypto newcomers deploying systematic strategies that are tried-and-tested in conventional asset classes -- price arbitrage, futures trading, options writing -- in a booming new corner of finance. As more mainstream investors get behind Bitcoin, boutique firms are joining the likes of Mike Novogratz in an ever-broadening crypto rally that keeps breaking records.

For those who can stomach the price swings, the threat of exchange hacks and the byzantine market structure, complex fast-money trades are offering an alternative way to ride the digital mania.

At GSR, the firm’s bread and butter is market-making, where traders pocket the spread between buy and sell orders.

In stocks, that’s a nearly oligarchic business where the likes of Citadel Securities and Virtu Financial operate at lightning speed. In virtual currencies, where hundreds of exchanges offer free access at a slower pace, GSR can capitalize on the big volumes without splurging millions on high-frequency infrastructure.

“Part of the tech we have is just to tell us did we actually trade or not, is this trade good or bad,” says GSR co-founder and former Goldman trader Richard Rosenblum. “We don’t want to be slower than our competitors, but it’s just not quite as much of the driver.”

For every strategy in stocks, bonds or currencies rendered boring by low rates, regulation or market crowding, there’s a lucrative trade in a token lying across the hundreds of exchanges out there. Or so the thinking goes.

While crypto die-hards have made merry like this for years, the relentless rallies across the tokensphere this year are drawing more Wall Street converts seeking riches and new thrills.

Take Mark Treinkman. After a career mostly at proprietary stock-trading shops like Chimera Securities, digital money is renewing his passion for quant trading.

“I’ve been going through some of my old strategies and things that wouldn’t have worked in equities in decades have an edge in crypto still,” he says.

A market-neutral strategy run by his $60 million firm BKCoin Capital gained 71% last year using investing styles that often include arbitraging different prices across exchanges and the gap between the spot and futures market.

For a few minutes during trading on Wednesday, for example, the price of Ethereum Classic jumped well above $100 on the Coinbase exchange. The digital token was trading at less than $80 at other venues, offering an obvious opportunity for investors to make money simply by buying in one place and selling in another.

It’s one of the best-known -- albeit diminishing -- discrepancies exploited by the likes of Alameda Research, a crypto trading firm filled with former traders from high-frequency shops. A famous example is the kimchi premium, the tendency for Bitcoin to trade higher in South Korea thanks to strong demand and the difficulty of moving money around to profit from the gap.

With no one-stop prime broker to centralize trading books and offer clients leverage across venues, traders like Treinkman face plenty of challenges in their bid to arbitrage price gaps, but say the rewards are commensurate.

And the opportunities pop up everywhere. For instance, when longer-dated futures in pretty much any asset class trade higher than the spot price -- known as contango -- the former almost always converges to the latter as the contracts mature.

That’s popularized the crypto basis trade, where an investor goes long the spot rate and shorts the futures.

When Bitcoin last peaked in mid-April, the December contracts were nearly 4% higher than August which were in turn about 2% higher than the spot reference rate, as speculators unleashed bets on rising prices. By contrast, the December oil contracts were trading beneath August’s on the same day, according to the data compiled by Bloomberg.

“The crypto market is still dominated by retail investors who use excessive leverage and bid the premiums for futures,” said Nikita Fadeev, a fund manager at $60 million crypto unit at quant firm Fasanara Capital.

Trades common in the industry also include short-term momentum and a form of statistical arbitrage, which bets on gaps between various tokens eventually closing like when Ethereum is surging but Bitcoin isn’t, Fadeev says.

As assets grew, the fund recently appointed Laurent Marquis, the former co-head of derivatives at Citadel Securities, as chief risk officer, and Steve Mobbs, co-founder of quant fund Oxford Asset Management, as senior adviser.

Over in Zug, Switzerland, St. Gotthard Fund Management has transformed from an old-school family office writing options on Swiss shares to a digital evangelist in its income strategy aiming to yield 8% a year. Just like in stocks, the investing style sells derivatives to take advantage of big demand to hedge price swings -- which causes the volatility priced into options to be higher than what’s likely to come to pass.

For option writers like St. Gotthard, that means the premiums are much juicier, though they also come with a higher risk of having to actually pay out, like an insurer during an earthquake.

“The major difference at the end of the day is how much premium retail investors are willing to pay,” says chief investment officer Daniel Egger. “On the other hand of course we’ve written calls we wished we hadn’t in those moves up.”

In fact, going long crypto over the past year has proved the easiest and most profitable way to tap into the boom. And for those choosing the systematic route, competition is rising.

For example, in order to get an edge in its market-making strategy, BKCoin has recently installed servers at Asian crypto exchanges, a move known as co-location in the high-frequency world of stocks. It’s a sign the industry is growing up fast.

“In any emerging market we’ve seen these inefficiencies decrease over time,” said George Zarya, founder of Bequant, a crypto prime brokerage that caters to systematic traders. “There are more professional players that come in.”

(Updates first chart and market value in first paragraph. An earlier version corrected the seventh paragraph under the second chart to show Fasanara does not engage in momentum and stat-arb trades but says they are common in industry.)

For more articles like this, please visit us at bloomberg.com

Subscribe now to stay ahead with the most trusted business news source.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on May 11, 2021, 08:16:28 AM
Ain't spending three days reading this thread, so.... apologies if this has been asked before...

Which do you prefer to buy the crypto with?  Robinhood or Coinbase?  Why?

It seems (or at least the few times I read online news) that Robinhood tends to crash and go down in peak trading sprees, like when a coin is trending upward superfast.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 11, 2021, 08:38:51 AM
Quote from: LurkerNoMore on May 11, 2021, 08:16:28 AM
Ain't spending three days reading this thread, so.... apologies if this has been asked before...

Which do you prefer to buy the crypto with?  Robinhood or Coinbase?  Why?

It seems (or at least the few times I read online news) that Robinhood tends to crash and go down in peak trading sprees, like when a coin is trending upward superfast.

they both suck


Use Binance or Huobi and then get a hard wallet
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 11, 2021, 08:44:45 AM
x2 for Binance. If you're struggling to navigate it use Binance lite.

Coinbase is slightly better than RH too
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 11, 2021, 08:50:44 AM
The new market player ICP (Internet Computer) just took 2% of the market within 24 hours of launch.

Possibly a reason for the dump in other coins yesterday. Also some people are linking the dump to that hacked pipeline issue.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: jude2 on May 11, 2021, 02:00:43 PM
Quote from: Bindare_Dundat on May 11, 2021, 06:03:47 AM
Still outperformed the stock market and its a reflection of the current price of BTC. If BTC recovers those numbers will go back up.
I hope you are correct because I am getting killed in it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 11, 2021, 02:24:47 PM
Quote from: jude2 on May 11, 2021, 02:00:43 PM
I hope you are correct because I am getting killed in it.

It all depends on your entry point. That it outperformed the stock market has no value to someone if they got in late.

Here’s a tip that you won’t hear on CNBC. Professional traders take really tight stops. Either the trade works immediately or they’re out. They take small losses but never big ones.

Funny how these business networks are on 12 hours a day or more yet you’ll never hear an interview with a professional trader about the nuts and bolts of trading. It’s always just their opinion of the market.

Fake news.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 11, 2021, 03:02:15 PM
Quote from: LurkerNoMore on May 11, 2021, 08:16:28 AM
Ain't spending three days reading this thread, so.... apologies if this has been asked before...

Which do you prefer to buy the crypto with?  Robinhood or Coinbase?  Why?

It seems (or at least the few times I read online news) that Robinhood tends to crash and go down in peak trading sprees, like when a coin is trending upward superfast.

I like Binance.US. The exchange sits within the USA. It has incredibly low fees and its new CEO is Brian Brooks, the former Coinbase executive who helmed the Office of the Comptroller of the Currency (OCC) under President Donald Trump.

I also have no qualms letting my crypto sit on their exchange versus a wallet. Some people claim the "not your keys, not your crypto" adage, but I have no problem keeping my crypto on Binance.US. The foreign Binance and this exchange (Binance.US) are two separate companies with different teams, so I'm not too concerned.

My only major qualm with Binance.US is that it does have a limited supply of coins to purchase. Granted, you will find all the popular ones there like BTC, ETH, LTC, BNB etc.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on May 11, 2021, 04:27:05 PM
Quote from: OneMoreRep on May 11, 2021, 03:02:15 PM
I like Binance.US. The exchange sits within the USA. It has incredibly low fees and its new CEO is Brian Brooks, the former Coinbase executive who helmed the Office of the Comptroller of the Currency (OCC) under President Donald Trump.

I also have no qualms letting my crypto sit on their exchange versus a wallet. Some people claim the "not your keys, not your crypto" adage, but I have no problem keeping my crypto on Binance.US. The foreign Binance and this exchange (Binance.US) are two separate companies with different teams, so I'm not too concerned.

My only major qualm with Binance.US is that it does have a limited supply of coins to purchase. Granted, you will find all the popular ones there like BTC, ETH, LTC, BNB etc.

"1"

Binance also took awhile to verify.

Was easy after that.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 11, 2021, 04:28:31 PM
https://www.msn.com/en-us/money/companies/do-you-want-tesla-to-accept-doge-musk-asks-twitter-users/ar-BB1gB6hh?ocid=BingNewsSearch

Billionaire Elon Musk and cryptocurrency aficionado on Tuesday asked https://bit.ly/33xrDHR his 54 million followers on Twitter "Do you want Tesla to accept Doge?," referring to a digital currency worth roughly 48 cents with no real-world use.

The question, in the form of a Twitter poll, comes days after he called dogecoin a "hustle," sending the meme-inspired cryptocurrency's price reeling after a 700% rally in a month.

A proponent of digital currencies, the Tesla Inc chief executive made the comment as a guest host on the "Saturday Night Live" TV show this past weekend.

Musk is one of the world's richest people and owner of several futuristic companies, including SpaceX and Neuralink. He has used his candid Twitter feed to give his opinion on cryptocurrencies, including bitcoin, most times affecting their price.

In March, Musk said U.S. customers could purchase Tesla vehicles with bitcoin, marking a significant step forward for the cryptocurrency's use in commerce. The electric-car maker had bought $1.5 billion worth of bitcoin earlier this year, propelling its prices to record highs.

Based on current prices, one would need nearly 80,000 dogecoins or 0.7 bitcoin to buy the cheapest Tesla Model 3 car.

Dogecoin was last up 9% at $0.507, according to data tracker CoinGecko.com.

Musk's poll on dogecoin received over 3.3 million responses in the 12 hours since he posted it, with nearly 80% of the respondents voting to ratify the new payment method.

It comes just days after Musk said that SpaceX would accept dogecoin as payment to launch a lunar mission next year.

The limited supply of bitcoin helps drive its value as the digital currency gradually gains acceptance for commercial transactions. Whereas dogecoin, which began as a social media joke in 2013 with a shiba inu dog as its avatar, has an unlimited supply and remains seldom used to make payments for goods.

Dogecoin jumped more than 700% over the last month and is now the fourth-largest digital currency. It hit a record high Thursday above 73 cents.

The billionaire' s tweets have drawn SEC scrutiny in the past, but his recent remarks about cryptocurrencies have not landed in him in any regulatory troubles so far.

Shares of Tesla were down 1.3% at $621 a share in late trading on the Nasdaq after Reuters reported the U.S. electric car maker had halted plans to buy land to expand its Shanghai plant.

(Reporting by Bhargav Acharya and Subrat Patnaik in Bengaluru, Additonal reporting by Sruthi Shankar; Editing by Bernard Orr, Saumyadeb Chakrabarty and Jonathan Oatis)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 11, 2021, 04:31:37 PM
(https://i.redd.it/zo9jm58u2uf61.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 11, 2021, 04:40:42 PM
Quote from: Flexacon on May 05, 2021, 08:50:55 PM
That timeline looks pretty optimistic to me. What are you using to predict those numbers?

Historically Eth (and Bitcoin) is pretty quiet in June and the summer months. I've got it going like this

31st May around 5K
June-July-Aug slow gains, moves sides, possible dips 3.5k to 6k
Sept 5k to 7k
Oct 6k to 9k
Nov 8k to 15k
Dec 10k to 20k

The only reason I can think of for Eth hitting 19.5K in June is if the market decides the Eth to BTC price needs to tightening up to 2018 levels.

Quote from: Flexacon on May 11, 2021, 06:10:59 AM
As I  told you at the time. It was too optimistic.

To clarify again, i am saying this is the end of the bullrun. Therefore it requires a parabolic trend in price which is exactly what my model shows.

My price target requirements are ETH (20k June) and BTC (200k July) and it is a structurally sound plan.

My first objective is achieved --> 4.2k by 10th May. I am 1 for 1.
My second objective is now in play --> 20th May 6k

Your first objective is still in play --> 31st May 5k you are still hunting for your first.....

Everyone was calling for a week long pullback to 2k-3k yet here we are 24hrs later at 4.2k like it never happened.


What happens next is the make or break for my model --> I have BTC going to 74k inside the next 7 days (ideally 5 days) which would be the strongest movement signal in over 3 months. My belief is BTC looks cheap vs ETH which will trigger a feedback loop as BTC chases ETH which in turn causes ETH to rally.

I just don't see any outcome where BTC does not react to what ETH is doing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 11, 2021, 04:59:47 PM
Quote from: obsidian on May 11, 2021, 04:31:37 PM
(https://i.redd.it/zo9jm58u2uf61.jpg)


God i hate this guy.

I hope everyone realises his tweets are a sell signal for his mates because he creates a buy wall for them to offload. They buy back on the dips and rinse/repeat.

Elon knows right from wrong. Even if one uses logic rather than morality, you still conclude what he is doing is wrong because you acknowledge 97% will get burned and they are the 'little people'. Therefore, in this structure you are aware only the 3% super rich will get super rich and that the claim you make which is 'a coin for the people' you know to be outright false. It logically fails on all fronts therefore becomes a psychopathic motive where you don't care about anyone or anything, you just want to make it happen.


He is frontrunning the SEC. Once he deems it an acceptable method of payment, they won't be able to do jack to it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 11, 2021, 05:14:31 PM
Quote from: Mayday on May 11, 2021, 04:59:47 PM

God i hate this guy.

I hope everyone realises his tweets are a sell signal for his mates because he creates a buy wall for them to offload. They buy back on the dips and rinse/repeat.

Elon knows right from wrong. Even if one uses logic rather than morality, you still conclude what he is doing is wrong because you acknowledge 97% will get burned and they are the 'little people'. Therefore, in this structure you are aware only the 3% super rich will get super rich and that the claim you make which is 'a coin for the people' you know to be outright false. It logically fails on all fronts therefore becomes a psychopathic motive where you don't care about anyone or anything, you just want to make it happen.


He is frontrunning the SEC. Once he deems it an acceptable method of payment, they won't be able to do jack to it.

Thank you , thank you, thank you!

When this is over, I swear,  I will buy you a long distance beer brother. Just for this post here.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 11, 2021, 05:20:31 PM
Quote from: jude2 on May 11, 2021, 02:00:43 PM
I hope you are correct because I am getting killed in it.

I hope Im right as well. Im still in my BTC long since yesterday night. You wann talk about stress? Try trading at 10x leverage with a substantial amount of money.  I think  I average 3-4 hours of sleep a night when Im trading and it can last days  ;D .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 11, 2021, 05:27:00 PM
Quote from: Bindare_Dundat on May 11, 2021, 05:14:31 PM
Thank you , thank you, thank you!

When this is over, I swear,  I will buy you a long distance beer brother. Just for this post here.

LOL

I’ll happily drink it  :D

Quote from: Bindare_Dundat on May 11, 2021, 05:20:31 PM
I hope Im right as well. Im still in my BTC long since yesterday night. You wann talk about stress? Try trading at 10x leverage with a substantial amount of money.  I think  I average 3-4 hours of sleep a night when Im trading and it can last days  ;D .

If it makes you feel better I am long BTC after closing my long ETH. But I am using 3x with a larger cash base instead of 10x so I can glide through the pullbacks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 11, 2021, 05:34:35 PM
Quote from: Mayday on May 11, 2021, 05:27:00 PM
LOL

I’ll happily drink it  :D

If it makes you feel better I am long BTC after closing my long ETH. But I am using 3x with a larger cash base instead of 10x so I can glide through the pullbacks.

Awesome man. 

I was debating to use lower leverage on this last dip but Ive either become more impatient due to lack of sleep or from just wanting to see some quick movement in the account. lol I need to learn to work on my patience, its my weakest link.

Best of luck with the trade. Im sure youll do well.

looks like weere moving a bit now, cmon baby

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 11, 2021, 11:16:03 PM
Lots of baller traders in here  ;D

I am sitting here dollar cost averaging via mining Ethereum. Profitability kicked up again the past few days. Right now my monthly estimated ETH mining profit is over $12,000. Not bad. I've mined about 12 ETH since January. Electrical cost related to mining has been about $1,000 per month and I've made 4 payments or $4,000. So 12 ETH for $4,000 comes to about $333 per ETH. Keep in mind though I was also mining ETH when it crashed down to around $80 for a short while. But the ETH payouts were bigger. It's been a wild ride for sure.

Ethereum is flirting with $4,400 at the moment!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 11, 2021, 11:23:23 PM
I wonder if Michael Saylor has some secret Eth in his bag lol!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 12, 2021, 04:53:38 AM
Quote from: obsidian on May 11, 2021, 11:16:03 PM
Lots of baller traders in here  ;D

I am sitting here dollar cost averaging via mining Ethereum. Profitability kicked up again the past few days. Right now my monthly estimated ETH mining profit is over $12,000. Not bad. I've mined about 12 ETH since January. Electrical cost related to mining has been about $1,000 per month and I've made 4 payments or $4,000. So 12 ETH for $4,000 comes to about $333 per ETH. Keep in mind though I was also mining ETH when it crashed down to around $80 for a short while. But the ETH payouts were bigger. It's been a wild ride for sure.

Ethereum is flirting with $4,400 at the moment!

How much ETH do you have right now?  You held for yonks and mined so you must be coming close to overthrowing our overlord gib bitcoin?

I've made a few thousand scalping when i am bored but that's it. All the action happens when i'm asleep. I wake up and everybody already bought the dip and i get the peak LOL.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 12, 2021, 05:43:36 AM
The thing about using a lot of leverage is that you make more money when the market is going your way, but when it doesn’t…
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Body-Buildah on May 12, 2021, 06:06:53 AM
Mike Ashley
Skip LaCour
Drug Miller
Chet Yorton

 ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 12, 2021, 06:19:25 AM
Quote from: Thin Lizzy on May 12, 2021, 05:43:36 AM
The thing about using a lot of leverage is that you make more money when the market is going your way, but when it doesn’t…

Yeah if you just jump in aimlessly you will definitely get recked, however, if you get in near the bottom of  major correction and it starts to climb back up, if you're lucky you can get some good distance between where the price  settles and you're entry position.  Set your stop loss just below your entry position and your golden. You'll pay some small fee if you get stopped out but its worth the risk if the play works.

I've had several mid 40 and mid 60% gains. My best one to date was over 70% return on a trade.

Just don't be greedy.  You're compounding your gains and it builds over time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on May 12, 2021, 07:40:01 AM
Ed Carpenter Racing Will Run A Bitcoin Car In The Indianapolis 500, Raising Money For Development With Strike

A black-and-orange, bitcoin-adorned Chevrolet will compete in this year’s Indianapolis 500, with a mission to raise funds for development.

(https://bitcoinmagazine.com/.image/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_512/MTgwOTYzNDM5MzUzNTM3ODk2/unnamed-1.webp)



 Millions of viewers will see a Bitcoin car compete for first place in this year’s Indianapolis 500.

IndyCar Series team Ed Carpenter Racing (ECR) has announced that it will enter the No. 21 Bitcoin Chevrolet, a black-and-orange race car adorned thoroughly with the Bitcoin logo, in the upcoming Indianapolis 500, to be held on May 30, 2021. It will be driven by 2020 NTT IndyCar Series Rookie of the Year Rinus VeeKay.

ECR has also teamed with Lightning Network payments platform Strike to fundraise for Bitcoin development through the car, which will sport a QR code that fans can use to contribute funds. Of the money raised, 70% will go directly to developers contributing to Bitcoin projects via groups like the Human Rights Foundation, and the other 30% will go to ECR to cover race coasts and toward charitable causes in Indianapolis, a Strike representative told Bitcoin Magazine.

ECR is also the first IndyCar Series team to integrate bitcoin as a payment option for its employees.

https://bitcoinmagazine.com/culture/bitcoin-car-will-be-in-indianapolis-500
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 12, 2021, 07:43:10 AM
So I am on the fence about something..

See, I own a small position in Polygon (MATIC) and part of me wonders whether it would be good to attain a larger position, because as Ethereum becomes more popular (i.e. more valuable), MATIC could be the vessel to bring functionality to ETH. My worry is that if Ethereum 2.0 solves this issue, MATIC might not be as necessary for the Ethereum landscape. All that said, MATIC has been pumping HARD.

Thoughts my brothers??

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 12, 2021, 10:31:54 AM
Quote from: obsidian on May 11, 2021, 11:23:23 PM
I wonder if Michael Saylor has some secret Eth in his bag lol!



did you even watch the video dude? lol  ;)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 12, 2021, 11:03:50 AM
Quote from: Mayday on May 12, 2021, 04:53:38 AM
How much ETH do you have right now?  You held for yonks and mined so you must be coming close to overthrowing our overlord gib bitcoin?

I've made a few thousand scalping when i am bored but that's it. All the action happens when i'm asleep. I wake up and everybody already bought the dip and i get the peak LOL.
I've mined 101 ETH and have 90 ETH spread over various wallets. The other 11 ETH I converted over the years into other cryptos like Cardano, Doge, XRP, VECHAIN, Binance Coin, XLM, EOS, IOTA, Decentraland and a few others.

I have 25 BNB which I got when it was a lot cheaper.

I should mention that I did not mine straight for 3 years. In the warm months I shutoff the rigs for a period every year losing about 10 months total in mining yields. I also mined ZCASH for a while and still have 5 ZEC. So I am guessing if I had only mined Ethereum uninterrupted for 3 years I would have had  close to 140 or 150 ETH now. In the beginning the rigs also crashed occasionally because of software glitches. Over time they became a lot more stable and now rarely act up. I was also overclocking the GPU cards too aggressively and lost two 1070 TI cards in the process which were replaced under warranty fortunately. I now know the limits of the cards.

There's a guy who calls himself Bits Be Trippin on Youtube. They have 2500 GPUs in their farm with over 50 Gh/s. With that hashrate he mined thousands of Ethereum.  I am guessing 2000 ETH per year at peak.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 12, 2021, 11:18:46 AM
Quote from: Bindare_Dundat on May 12, 2021, 10:31:54 AM
did you even watch the video dude? lol  ;)
Yes I did. He's a BTC maxi (pad).  ;D

I am still thinking he has Ethereum even though he does not want to admit it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on May 12, 2021, 11:33:28 AM
Quote from: Mayday on May 11, 2021, 04:59:47 PM

God i hate this guy.

I hope everyone realises his tweets are a sell signal for his mates because he creates a buy wall for them to offload. They buy back on the dips and rinse/repeat.

Elon knows right from wrong. Even if one uses logic rather than morality, you still conclude what he is doing is wrong because you acknowledge 97% will get burned and they are the 'little people'. Therefore, in this structure you are aware only the 3% super rich will get super rich and that the claim you make which is 'a coin for the people' you know to be outright false. It logically fails on all fronts therefore becomes a psychopathic motive where you don't care about anyone or anything, you just want to make it happen.


He is frontrunning the SEC. Once he deems it an acceptable method of payment, they won't be able to do jack to it.

As much as Musk helped promote DOGE he is also killing any momentum in it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 12, 2021, 01:05:03 PM
Quote from: obsidian on May 12, 2021, 11:03:50 AM
I've mined 101 ETH and have 90 ETH spread over various wallets. The other 11 ETH I converted over the years into other cryptos like Cardano, Doge, XRP, VECHAIN, Binance Coin, XLM, EOS, IOTA, Decentraland and a few others.

I have 25 BNB which I got when it was a lot cheaper.

I should mention that I did not mine straight for 3 years. In the warm months I shutoff the rigs for a period every year losing about 10 months total in mining yields. I also mined ZCASH for a while and still have 5 ZEC. So I am guessing if I had only mined Ethereum uninterrupted for 3 years I would have had  close to 140 or 150 ETH now. In the beginning the rigs also crashed occasionally because of software glitches. Over time they became a lot more stable and now rarely act up. I was also overclocking the GPU cards too aggressively and lost two 1070 TI cards in the process which were replaced under warranty fortunately. I now know the limits of the cards.

There's a guy who calls himself Bits Be Trippin on Youtube. They have 2500 GPUs in their farm with over 50 Gh/s. With that hashrate he mined thousands of Ethereum.  I am guessing 2000 ETH per year at peak.



You have quite the shitcoin profile  ;). I currently have 30 eth in blockfi and 70 in celsius earning 5% APY. The rest is in cold storage. If Mayday prediction of 20k comes true, I will offload a portion and purchase more btc. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 12, 2021, 03:59:39 PM
Bitcoin dump, thanks to Elon. Maybe he plans on switching to Doge payments.

What a crazy day!

(https://pbs.twimg.com/media/E1OEK8jVEAMEv5A?format=jpg&name=medium)

https://twitter.com/elonmusk/status/1392602041025843203/photo/1
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 12, 2021, 04:05:58 PM
Quote from: Flexacon on May 12, 2021, 03:59:39 PM
Bitcoin dump, thanks to Elon. Maybe he plans on switching to Doge payments.

What a crazy day!

(https://pbs.twimg.com/media/E1OEK8jVEAMEv5A?format=jpg&name=medium)

https://twitter.com/elonmusk/status/1392602041025843203/photo/1

Its either a hack or hes terribly misguided. Either way  hes a fucking idiot.

Bitcoin mining isn't anymore environmentally damaging then ethereum.mining or gold mining or any other shit. Crypto is less harmful to the environment than most things. What a tard.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 12, 2021, 04:20:35 PM
Quote from: Bindare_Dundat on May 12, 2021, 04:05:58 PM
Its either a hack or hes terribly misguided. Either way  hes a fucking idiot.

Bitcoin mining isn't anymore environmentally damaging then ethereum.mining or gold mining or any other shit. Crypto is less harmful to the environment than most things. What a tard.

Ethereum actually has some use though other than store value and it has plans to shortly move from mining to proof of stake, so it's not an apples to apples comparison. Also there is XRP which uses minimal amounts of energy, roughly the same as an email server to run the whole shebang. Just saying...

Bitcoin will bounce back, but it's not a good day for the maxis.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 12, 2021, 06:25:22 PM
Makes me wonder whether this is a ploy by Elon to plummet the price of Bitcoin and then double down by buying on the massive dip (ie correction).

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: jude2 on May 12, 2021, 06:49:24 PM
Quote from: OneMoreRep on May 12, 2021, 06:25:22 PM
Makes me wonder whether this is a ploy by Elon to plummet the price of Bitcoin and then double down by buying on the massive dip (ie correction).

"1"
He might not get away with that again.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on May 12, 2021, 06:54:42 PM
Quote from: Flexacon on May 12, 2021, 03:59:39 PM
Bitcoin dump, thanks to Elon. Maybe he plans on switching to Doge payments.

What a crazy day!

(https://pbs.twimg.com/media/E1OEK8jVEAMEv5A?format=jpg&name=medium)

https://twitter.com/elonmusk/status/1392602041025843203/photo/1


BUH BYE.  :o
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on May 12, 2021, 07:01:43 PM
How can 1 tweet cause such a drop?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 12, 2021, 07:29:49 PM
Quote from: a_pupil on May 12, 2021, 07:01:43 PM
How can 1 tweet cause such a drop?

Because the sheeple eat Elons cock day and night.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on May 12, 2021, 07:54:48 PM
This thread is an incredible source.

You guys know your shit.

Thank you.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on May 12, 2021, 08:02:21 PM
This thread title might be right. BTC might hit $5000.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 12, 2021, 08:16:56 PM
If btc gets killed, crypto dies with it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on May 12, 2021, 08:21:49 PM
Musk is correct, Bitcoin does run primarily on fossil fuels.

The absolute horror!

 ;D



He's manipulating the crypto market every week...hilarious. Probably put this out so he could divert $$$ to pump and dump DOGE.

All I can do is tip my cap to the guy, when it comes to crypto he is making tons of money without adding any value to the world whatsoever. Why bother with cars and rockets when you can do this?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 12, 2021, 09:08:06 PM
Quote from: OneMoreRep on May 12, 2021, 06:25:22 PM
Makes me wonder whether this is a ploy by Elon to plummet the price of Bitcoin and then double down by buying on the massive dip (ie correction).

"1"

We are living in Elon’s simulation.

Never has a person existed who can draw so much capital away from people’s hands.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 12, 2021, 09:23:23 PM
For anyone thinking crypto isn’t linked to the rest of the financial markets, here is your plain evidence. Markets took a dump and crypto got demolished.

On the note of institutions would HODL and volatility would be reduced, also debunked. They are wrecking everybody.

19.5% daily swing anyone LOL?

If BTC doesn’t rocket straight towards 70k after this one it means another attack is coming.

At 51k I’m still not seeing things ease up on BTC so I’d suggest another wave inbound.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 12, 2021, 09:41:03 PM
Quote from: Theoak* on May 12, 2021, 01:05:03 PM
You have quite the shitcoin profile  ;). I currently have 30 eth in blockfi and 70 in celsius earning 5% APY. The rest is in cold storage. If Mayday prediction of 20k comes true, I will offload a portion and purchase more btc.
Lol yes I have some shitcoins.

Yes I am earning 6% APR on Coinbase with my ETH. It is maxed out. Have you heard of Guarda? They offer what looks like 7.11% w/ ETH staking.

https://guarda.com/staking/ethereum-staking/

I have a few questions for you:
1. Why are you splitting your ETH between Blockfi and Celsius? Is there a limit to how much ETH you could lock in?
2. How much ETH do you have in total?
3. When you cash out, will you limit that to say under $400,000 in order to reduce your tax rate?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 12, 2021, 09:41:32 PM
Quote from: Mayday on May 12, 2021, 09:08:06 PM
We are living in Elon’s simulation.

Never has a person existed who can draw so much capital away from people’s hands.

Couple of interesting musings I've heard within the last couple of hours.

This is a big FUCK YOU to some of the hedge funds that tried to short Tesla. One of the big ones is due to undergo a liquidity test tomorrow and rumour has it they are deep in crypto and it's the main thing propping them up right now.

Something else that made sense to me is that who would be in a position to benefit from bitcoin going green and only using renewables for mining. Maybe a company that sells solar panels....you know like Tesla.

Damn these are some interesting times!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 12, 2021, 09:43:43 PM
Quote from: Body-Buildah on May 12, 2021, 06:06:53 AM
Mike Ashley
Skip LaCour
Drug Miller
Chet Yorton

 ;D
Ahh, Wes' great great grandchildren, the founders of blockchain technology! Thanks for the trip down memory lane!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 12, 2021, 09:46:21 PM
Quote from: Flexacon on May 12, 2021, 03:59:39 PM
Bitcoin dump, thanks to Elon. Maybe he plans on switching to Doge payments.

What a crazy day!

(https://pbs.twimg.com/media/E1OEK8jVEAMEv5A?format=jpg&name=medium)

https://twitter.com/elonmusk/status/1392602041025843203/photo/1
Did you see how his Doge questionnaire went? 78% voted yes they want Tesla to accept Doge. It is inevitable they will probably announce it at some point. Expect the Doge price to pump.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 12, 2021, 09:54:16 PM
Quote from: SOMEPARTS on May 12, 2021, 08:21:49 PM
Musk is correct, Bitcoin does run primarily on fossil fuels.

The absolute horror!

 ;D



He's manipulating the crypto market every week...hilarious. Probably put this out so he could divert $$$ to pump and dump DOGE.

All I can do is tip my cap to the guy, when it comes to crypto he is making tons of money without adding any value to the world whatsoever. Why bother with cars and rockets when you can do this?
The concerns I have long term with BTC is the fact that the amount of electricity will increase as the price goes up and more miners try to get in on the action. And eventually the BTC payouts will reduce so much that miners will stop securing the network. At that point the BTC holders will have to finance the security of BTC. Unless they come up with another solution.

Electrical usage on Ethereum's POW network have also been increasing year over year. It is not consuming as much power as Bitcoin but getting up there. This is were the switch to POS is a smart move.  A lot less electrical consumption and yet the network is still secured via staking. Cardano is another POS blockchain that makes a case against the Bitcoin model.  We'll have to see though how secure POS is vs POW.

(https://pbs.twimg.com/media/E1OL_BLX0AoZNOu?format=jpg&name=large)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Gitur on May 12, 2021, 10:02:13 PM
Elon is start of a bigger problem. Everyday bitcoin is becoming more and more mainstream, and eventually it's going to be accepted on a worldwide scale. If you think what Elon is doing right now is bad, just wait until you get multiple people with 1,000,000+ followers pulling the same shit every single day. It's gonna get to the point where everyone with a massive following is gonna try to pump and dump crypto/shitcoins by using their following.

Actors, singers, politicians, influencers, governments, etc. I mean, surely people haven't forgotten about [China banning Bitcoin several times in 2017 to cause FUD so they can buy the dip]
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 12, 2021, 10:39:33 PM
Quote from: obsidian on May 12, 2021, 09:41:03 PM
Lol yes I have some shitcoins.

Yes I am earning 6% APR on Coinbase with my ETH. It is maxed out. Have you heard of Guarda? They offer what looks like 7.11% w/ ETH staking.

https://guarda.com/staking/ethereum-staking/

I have a few questions for you:
1. Why are you splitting your ETH between Blockfi and Celsius? Is there a limit to how much ETH you could lock in?
2. How much ETH do you have in total?
3. When you cash out, will you limit that to say under $400,000 in order to reduce your tax rate?

I havent heard of them, many of these bitcoin banks are popping up.
Im still cautious and only allocated 1-2% into them. Still watching the space, I like what I see....

Blockfi have lowered their tier rates, firet 15 eth is 5% anything  after that is 2%. (Ive split 30 into two accounts, mrs and mine. 15each) Most are taking long positions on eth and btc so these rates will come down as less people try to short the market.

TBH, had close to 500 Eth when they first come out. Now sitting on 150 as converted most to btc.  Im 98% in BTC.  Eth and Ltc hold a purpose for me now as their yields are higher and generate more btc for me through blockfi.
Celsius im about to draw a loan of about 700-800k using btc as collateral. Cant beat 1% interest for 3 years.  Unlimited amount of ETH on celsius at 5.05%.

Tax laws are a bit different where I am. Im taxed at 25% no matter what amount.  Having said that I wont be selling BTC until 2029. By then Id probably only cash out 1 or 2 coins which ive accumulated in interest  along the way.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 13, 2021, 01:47:02 AM
Quote from: Theoak* on May 12, 2021, 10:39:33 PM
I havent heard of them, many of these bitcoin banks are popping up.
Im still cautious and only allocated 1-2% into them. Still watching the space, I like what I see....

Blockfi have lowered their tier rates, firet 15 eth is 5% anything  after that is 2%. (Ive split 30 into two accounts, mrs and mine. 15each) Most are taking long positions on eth and btc so these rates will come down as less people try to short the market.

TBH, had close to 500 Eth when they first come out. Now sitting on 150 as converted most to btc.  Im 98% in BTC.  Eth and Ltc hold a purpose for me now as their yields are higher and generate more btc for me through blockfi.
Celsius im about to draw a loan of about 700-800k using btc as collateral. Cant beat 1% interest for 3 years.  Unlimited amount of ETH on celsius at 5.05%.

Tax laws are a bit different where I am. Im taxed at 25% no matter what amount.  Having said that I wont be selling BTC until 2029. By then Id probably only cash out 1 or 2 coins which ive accumulated in interest  along the way.


Seeing as you're still hanging on to btc, how do you see this panning out short term?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 13, 2021, 02:58:22 AM
Things continue to drop across the board. Incredible how one fuckface can affect an entire market.

Guy tweeted again. He's worse then Trump. Ffs
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on May 13, 2021, 03:48:40 AM
For those of you who have invested significant real money into bitcoin, how many have at least cashed out your real money stake?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 13, 2021, 04:06:41 AM
Cardano is kicking ass right now. Flying
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 13, 2021, 04:12:24 AM
Quote from: IroNat on May 13, 2021, 03:48:40 AM
For those of you who have invested significant real money into bitcoin, how many have at least cashed out your real money stake?

I did.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 13, 2021, 04:15:46 AM
Quote from: Bindare_Dundat on May 13, 2021, 02:58:22 AM
Things continue to drop across the board. Incredible how one fuckface can affect an entire market.

The institutions have complete BTC control, it isn’t Musk doing this.

BTC hasn’t had a weekly close above 57k-59k since mid Feb and recently we started closing below those numbers.

Institutions aren’t doing themselves any favours by destroying BTC each time it gets legs and melting new retail buyers.

This is getting pretty brutal now. It’s this kind of stuff that made GameStop famous. People get jack of institutions and next minute retail buyers switch to Doge and because of the HODL mentality it takes off.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on May 13, 2021, 04:16:53 AM
Quote from: Bindare_Dundat on May 13, 2021, 04:12:24 AM
I did.

Good man,
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 13, 2021, 05:20:48 AM
Quote from: IroNat on May 13, 2021, 04:16:53 AM
Good man,

Its rule number one.  Get your original capital out asap. I hope others did the same.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 13, 2021, 05:25:33 AM
Quote from: Mayday on May 13, 2021, 04:15:46 AM
The institutions have complete BTC control, it isn’t Musk doing this.

BTC hasn’t had a weekly close above 57k-59k since mid Feb and recently we started closing below those numbers.

Institutions aren’t doing themselves any favours by destroying BTC each time it gets legs and melting new retail buyers.

This is getting pretty brutal now. It’s this kind of stuff that made GameStop famous. People get jack of institutions and next minute retail buyers switch to Doge and because of the HODL mentality it takes off.

Whats the logic behind crippling BTC? I can think of a few reasons why but as always I enjoy hearing your take on it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on May 13, 2021, 05:40:25 AM
Quote from: Bindare_Dundat on May 13, 2021, 05:25:33 AM
Whats the logic behind crippling BTC? I can think of a few reasons why but as always I enjoy hearing your take on it.

Welcome everyone to the world of investment banking.  Before when BTC was owned by the people, they took care of it, held on to it, didn't short or try to fuck over anyone else.  Now you have a lot of financial companies dipping their toes in it.  They don't play fair or nice, they don't give a fuck about the people or the BTC community.  Now they're playing their old fucking games. Short this, short that, manipulate the currency, make it go up, crash it, buy cheap, make it go up again, sell, crash etc....  All of you guys love posting these articles and get all excited every time a financial company decides to adopt BTC but then what you don't realize is that you're now playing games with the devil.  Those fuckers will manipulate the shit out of BTC.

Don't think Musk as any power in this.  Banks will now use any excuse to crash and recover BTC making money each time it happens.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 13, 2021, 06:31:14 AM
Once you start seeing something in the news every day it almost invariably means that insiders are looking to cash out. Bitcoin is an example. So is GameStop. I warned my gf about the latter but she believes the shitheads on CNBC, didn’t listen, ended up buying and getting hurt.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on May 13, 2021, 07:29:50 AM
Just because you all LOVE this man SO much  8)

Mark Cuban doubles down on BTC after Tesla suspends its payments

(https://www.gannett-cdn.com/media/2021/02/11/USATODAY/usatsports/3d4ff66449d54e928c97fb9904807a8e.jpg?width=7%27)


Billionaire investor Mark Cuban doubled down on his support for Bitcoin’s BTC after Tesla’s CEO Elon Musk announced that his company was suspending payments from the cryptocurrency, citing the environmental impact caused by the latter.

Cuban tweeted on Wednesday,”We at http://Mavs.com will continue to accept BTC/Eth/Doge because we know that replacing Gold as a store of value will help the environment,” linking two articles and adding “consumption shrinking big bank and coin usage will benefit society and the environment.”


 
Following his tweet, a Twitter user responded to the Dallas Mavericks owner:”In reality, who is really using crypto to buy Mavs tickets or merchandise? It’s a cute gimmick but how many people are actually using this?”

Following his tweet, a Twitter user responded to the Dallas Mavericks owner:”In reality, who is really using crypto to buy Mavs tickets or merchandise? It’s a cute gimmick but how many people are actually using this?”


Cuban responded to the user’s question, pointing out that Doge transactions for tickets were “thousands of dollars per week and growing.”

Last week, the Mavericks owner appeared on the Rob Lowe podcast to discuss a number of topics, including cryptocurrencies and the rise of Dogecoin.

“The interesting part is that people spend money with it and you know, we were doing $10 a day, then a few hundred, and then a few thousand a week and you know, its kind of steadily grown up by big leaps and bounds, but just steadily grown,” the billionaire investor said about Doge.

Cuban then brought up the company Bitpay, which is a gateway that allows people to use cryptocurrencies for transactions.

 https://liquidcrypts.com/mark-cuban-doubles-down-on-btc-after-tesla-suspends-its-payments/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on May 13, 2021, 07:50:03 AM
Quote from: tommywishbone on May 13, 2021, 07:42:31 AM
Too funny. Bitcoin is not wind powered?


Nope, more than 65% worldwide electric provided by fossil fuels.

If you like Bitcoin you like killing the planet. Where is Greta and her climate change devotee Arnold?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tommywishbone on May 13, 2021, 07:57:49 AM
Quote from: SOMEPARTS on May 13, 2021, 07:50:03 AM

Nope, more than 65% worldwide electric provided by fossil fuels.

If you like Bitcoin you like killing the planet. Where is Greta and her climate change devotee Arnold?

I'm so confused I deleted my comment because I thought it might be insane.

I thought Bitcoin was simply a "a value attached to something that doesn't really exist."   How can it be bad for the environment?   Are you guys fucking with the old guy and I can't figure this out.  I've always been a brick & motar guy... Phillip Morris, 3M, Apple, IBM. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 13, 2021, 07:58:23 AM
some great points. although i really hope elon stays the fuck away from Cardano.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 13, 2021, 08:07:46 AM
Quote from: El Diablo Blanco on May 13, 2021, 05:40:25 AM
Welcome everyone to the world of investment banking.  Before when BTC was owned by the people, they took care of it, held on to it, didn't short or try to fuck over anyone else.  Now you have a lot of financial companies dipping their toes in it.  They don't play fair or nice, they don't give a fuck about the people or the BTC community.  Now they're playing their old fucking games. Short this, short that, manipulate the currency, make it go up, crash it, buy cheap, make it go up again, sell, crash etc....  All of you guys love posting these articles and get all excited every time a financial company decides to adopt BTC but then what you don't realize is that you're now playing games with the devil.  Those fuckers will manipulate the shit out of BTC.

Don't think Musk as any power in this.  Banks will now use any excuse to crash and recover BTC making money each time it happens.

I posted an article yesterday on this exact topic.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on May 13, 2021, 08:11:27 AM
Go Elon, I own 10 000$ of ADA.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on May 13, 2021, 08:16:09 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on May 13, 2021, 08:20:10 AM
Quote from: tommywishbone on May 13, 2021, 07:57:49 AM
I'm so confused I deleted my comment because I thought it might be insane.

I thought Bitcoin was simply a "a value attached to something that doesn't really exist."   How can it be bad for the environment?   Are you guys fucking with the old guy and I can't figure this out.  I've always been a brick & motar guy... Phillip Morris, 3M, Apple, IBM.


It takes massive processing power for Bitcoin to run. It's a giant living electronic ledger that requires updating by reprocessing over and over. It's one of the most inefficient technologies that exist IMO.


https://www.allaboutcircuits.com/news/cryptocurrency-mines-consume-more-power-argentina-psus-can-help/

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on May 13, 2021, 08:25:10 AM
should be processed with Nuclear power not the China coal.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on May 13, 2021, 08:27:17 AM
Quote from: French on May 13, 2021, 08:25:10 AM
should be processed with Nuclear power not the China coal.


Did you miss the part where the world runs on 65% plus fossil fuels?

These dumb green arguments never cease.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Coffeed on May 13, 2021, 08:36:04 AM
If bitcoin has a finite supply, wont the energy consumption plummet once they are all mined?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 13, 2021, 09:30:35 AM
Quote from: Bindare_Dundat on May 13, 2021, 07:58:23 AM
some great points. although i really hope elon stays the fuck away from Cardano.

I am perfectly fine with Elon hoping on the Cardano train.

I can somewhat see your point in that every time Musk hops on board to back (or pump) a cryptocurrency, it takes a dive head first (Bitcoin + DOGE), but I think that for the purposes of what Musk is trying to do (reduce Carbon Emissions, not fuck with coal byproducts, keep mining costs low etc) Cardano makes perfect sense. If there is any time for Cardano to break out and quickly become second to Bitcoin, I think it would be now. Just going by today's coinmarketcap values, Cardano has now taken the 4th spot by market cap in the crypto market, beating out DOGE, XRP, Polkadot and Tether.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on May 13, 2021, 09:39:08 AM
Quote from: French on May 13, 2021, 08:25:10 AM
should be processed with Nuclear power not the China coal.

I'm sure China has all sorts of rigs setup for mining.  Between them and Russia they are probably grabbing the lions share of all newly mined crypto
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 13, 2021, 10:18:15 AM
Quote from: OneMoreRep on May 13, 2021, 09:30:35 AM
I am perfectly fine with Elon hoping on the Cardano train.




"1"

sorry but you are wrong here. the guy is poison.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 13, 2021, 10:23:41 AM
$ 48,710.51
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 13, 2021, 10:24:56 AM
Quote from: Bindare_Dundat on May 13, 2021, 10:18:15 AM
sorry but you are wrong here. the guy is poison.

This is where we will disagree. I think he is weird as fuck, has Asperger's and all, but I don't think he is poison. I simply think he is a VERY calculated troll that has been making his friends (and himself) very rich in this entire hit towards crypto. Elon doesn't have to care for any of us. Elon ONLY has to care about his projects and his investors. As Mayday said earlier, we are all living in Elon's simulation here. The man is a modern day Lex Luther and we can't do anything about it.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 13, 2021, 10:28:23 AM
On another note, did you guys hear about this?

Binance Probed by U.S. as Money-Laundering, Tax Sleuths Bore In
https://www.bloomberg.com/news/articles/2021-05-13/binance-probed-by-u-s-as-money-laundering-tax-sleuths-bore-in (https://www.bloomberg.com/news/articles/2021-05-13/binance-probed-by-u-s-as-money-laundering-tax-sleuths-bore-in)

The IRS and Justice Department are going after Binance exchange. Any speculation as to whether this might affect Binance Coin ($BNB)? Binance Coin is the native currency on Binance's blockchain (Binance Chain). Will this make investors of $BNB flee in fear? Binance coin is ranked #3 in the crypto market by way of market cap.

Thoughts?

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 13, 2021, 10:30:56 AM
Quote from: OneMoreRep on May 13, 2021, 10:28:23 AM
On another note, did you guys hear about this?

Binance Probed by U.S. as Money-Laundering, Tax Sleuths Bore In
https://www.bloomberg.com/news/articles/2021-05-13/binance-probed-by-u-s-as-money-laundering-tax-sleuths-bore-in (https://www.bloomberg.com/news/articles/2021-05-13/binance-probed-by-u-s-as-money-laundering-tax-sleuths-bore-in)

The IRS and Justice Department are going after Binance exchange. Any speculation as to whether this might affect Binance Coin ($BNB)? Binance Coin is the native currency on Binance's blockchain (Binance Chain). Will this make investors of $BNB flee in fear? Binance coin is ranked #3 in the crypto market by way of market cap.

Thoughts?

"1"

if Binance gets convicted it would be quite bad since they are the biggest exchange measured by trading volume.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 13, 2021, 10:33:14 AM
Quote from: FitnessFrenzy on May 13, 2021, 10:30:56 AM
if Binance gets convicted it would be quite bad since they are the biggest exchange measured by trading volume.

Turns out the article title is misleading and once you read through it, it actually projetcs Binance in a good light. Click bait title..

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 13, 2021, 02:18:02 PM
Elon tweeting again. What a tool.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 13, 2021, 02:33:42 PM
Quote from: Bindare_Dundat on May 13, 2021, 02:18:02 PM
Elon tweeting again. What a tool.

15.7k BTC moved to Binance a few hours ago. We ain’t done yet  :-X

BTC close at 46.5k on Monday?

ETH risk is down to 2.7k but it’s holding up insanely well so I’m not sure it’ll crack under 3k.

I think Elon is genuinely serious about Doge...... look at how the market reacts. Can we not afford
To own Doge lol?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 13, 2021, 02:44:48 PM
Quote from: Bindare_Dundat on May 13, 2021, 01:47:02 AM

Seeing as you're still hanging on to btc, how do you see this panning out short term?

We are at half way point of bull cycle. 3-5x from here.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 13, 2021, 02:47:03 PM
Quote from: Mayday on May 13, 2021, 02:33:42 PM
15.7k BTC moved to Binance a few hours ago. We ain’t done yet  :-X

BTC close at 46.5k on Monday?

ETH risk is down to 2.7k but it’s holding up insanely well so I’m not sure it’ll crack under 3k.

I think Elon is genuinely serious about Doge...... look at how the market reacts. Can we not afford
To own Doge lol?

19k moved to binance  right before the Elon tweet.  Someone had insider info....

I hold 330k of doge. I cant wait to offload it at 1$ and watch this coin capitulate 90% during the draw down.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 13, 2021, 02:53:47 PM
Quote from: Theoak* on May 13, 2021, 02:47:03 PM
19k moved to binance  right before the Elon tweet.  Someone had insider info....

I hold 330k of doge. I cant wait to offload it at 1$ and watch this coin capitulate 90% during the draw down.

where is this info? can you please provide a link? thanks and which tweet was it, the most recent or the one that caused the current slide down?

and are you using the stock to flow chart as your call on where we are in the bull market?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 13, 2021, 02:57:32 PM
Quote from: Coffeed on May 13, 2021, 08:36:04 AM
If bitcoin has a finite supply, wont the energy consumption plummet once they are all mined?

you won't be alive by the time its all mined.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 13, 2021, 03:07:09 PM
Quote from: Theoak* on May 13, 2021, 02:47:03 PM
19k moved to binance  right before the Elon tweet.  Someone had insider info....

I hold 330k of doge. I cant wait to offload it at 1$ and watch this coin capitulate 90% during the draw down.

Crazy huh. The guy might just be the Anti Christ lol.

Nice work on Doge, i have a handful which I’ll dump after I see him tweet a photo of a dog LoL.

Why is ADA rallying and not Doge? Elon doesn’t give a shit about ADA so who decided he was meaning ADA to be the next thing?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 13, 2021, 04:07:58 PM
Quote from: Mayday on May 13, 2021, 03:07:09 PM
Crazy huh. The guy might just be the Anti Christ lol.

Nice work on Doge, i have a handful which I’ll dump after I see him tweet a photo of a dog LoL.

Why is ADA rallying and not Doge? Elon doesn’t give a shit about ADA so who decided he was meaning ADA to be the next thing?

I believe ADA is rallying because Elon mentioned in one of his tweets that he is exploring other cryptocurrencies that aren't as devastating to the environment via the use of fossil fuels for mining & transactions. In particular, he said they are looking into other cryptocurrencies that use <1% of Bitcoin's energy per transaction. ADA goes easy on the environment and isn't producing the carbon emissions from mining that BitCoin produces.

One of the statistics I read when comparing ADA to BTC was that ADA's annual energy consumption was equal to 6 GWh (Gigawatt hours), whereas BTC's annual energy consumption was equal to 130 TWh (Terawatt-hour). ADA's energy consumption is 21,000x less than BTC's per year. Whereas BTC's energy consumption is equivalent to 0.6% of global electricity consumption and supposedly on par with the country of Jordan which has over 10 million people. This is why institutional money is flowing into ADA. They see a potential solution or alternate option for Elon's crypto dilemma (finding a crypto that is less harmful on the environment).

I believe this is the same reason why ETH is taking a hit today. Both BTC & ETH have serious mining issues that hurt the environment, ADA and others like DOT are a good solution to that.

This is also where the argument of Proof of work vs Proof of stake comes into play. Bitcoin and Ethereum are both Proof of work, whereas ADA and DOT are proof of stake. Proof of work requires an intense amount of computer power and electricity for miners to verify transactions on a blockchain, whereas Proof of stake removes energy-intensive equation solving by computers, thus it’s much more efficient than proof of work.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 13, 2021, 04:38:11 PM
Quote from: OneMoreRep on May 13, 2021, 04:07:58 PM
I believe ADA is rallying because Elon mentioned in one of his tweets that he is exploring other cryptocurrencies that aren't as devastating to the environment via the use of fossil fuels for mining & transactions. In particular, he said they are looking into other cryptocurrencies that use <1% of Bitcoin's energy per transaction. ADA goes easy on the environment and isn't producing the carbon emissions from mining that BitCoin produces.

One of the statistics I read when comparing ADA to BTC was that ADA's annual energy consumption was equal to 6 GWh (Gigawatt hours), whereas BTC's annual energy consumption was equal to 130 TWh (Terawatt-hour). ADA's energy consumption is 21,000x less than BTC's per year. Whereas BTC's energy consumption is equivalent to 0.6% of global electricity consumption and supposedly on par with the country of Jordan which has over 10 million people. This is why institutional money is flowing into ADA. They see a potential solution or alternate option for Elon's crypto dilemma (finding a crypto that is less harmful on the environment).

I believe this is the same reason why ETH is taking a hit today. Both BTC & ETH have serious mining issues that hurt the environment, ADA and others like DOT are a good solution to that.

This is also where the argument of Proof of work vs Proof of stake comes into play. Bitcoin and Ethereum are both Proof of work, whereas ADA and DOT are proof of stake. Proof of work requires an intense amount of computer power and electricity for miners to verify transactions on a blockchain, whereas Proof of stake removes energy-intensive equation solving by computers, thus it’s much more efficient than proof of work.

"1"
This is one of the reasons Cardano is rallying in addition to the fact that it was laying low when Ethereum was shooting up.

Just a reminder that Ethereum is also moving to proof of stake. I am already staking Ethereum and there are others on this forum staking as well. Vitalik also proposed fast tracking the switch to Ethereum 2.0.

https://cryptobriefing.com/key-ethereum-researchers-vote-to-ship-proof-of-stake-in-2021/?__cf_chl_jschl_tk__=4d436316892a3ca99a3b39c807a71e2aca353ec2-1620948998-0-AWfI7pFsD8KWgtjrgagAWBEFQGS4BwRnVjpaoHJWMtkE5gt_DfgmM7NbC30QPTnk1RtJJQ23YMhD_LsjQlyfI_xO8MN2mmlCrxstTmcBgkg_-8tri8YTVYAcIkmDs9nBsGXrcp70OF543AbAVHfiNVPtFzKZJHHifCOrz6jPFcWVPW9pc_qIFLLmOv_GkbPVlalfUdptOHrmc24UE9etDkq0doczcCARI3oMJbhR02qyy_TWLCOQgBtsjghHQgSQ1rzgzqqrnZ3eLj0G_sQchUuzsmBmwde0LX_XX6p8n42a8EXr2GJEgd08S2aRFD1dEPqbRevloUyADk60VjQyMP79gRghBLuBllqEoJxeA0ZC-H2gowBXPscbmO90UFD5Wim6zI5AIgkN5hfVpmq442C9YCrlamtwPsCvEz1qWyf9EcmYKa22yFZab-iVReG_OjmuMCcU9DmraWsNguYey-xGZXiHEI-E4r1rNHvvfvdV

Proof-of-Stake could be coming to Ethereum in 2021. A poll conducted by Ethereum 2.0 researcher Justin Drake shows that the community is overwhelmingly in favor of fast-tracking the upgrade.

Key Takeaways

- Vitalik Buterin and other Ethereum researchers have supported launching “the merge” phase of Ethereum 2.0 in 2021.

- The initial Ethereum 2.0 roadmap planned for launching sharding ahead of the merge of Ethereum mainnet and the Beacon chain. Ethereum's latest plans involve fast-tracking the merge ahead of sharding.

- Justin Drake told Crypto Briefing that he is “confident” that Proof-of-Stake will go live this year.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 13, 2021, 04:40:50 PM
Quote from: Mayday on May 13, 2021, 03:07:09 PM
Crazy huh. The guy might just be the Anti Christ lol.

Nice work on Doge, i have a handful which I’ll dump after I see him tweet a photo of a dog LoL.

Why is ADA rallying and not Doge? Elon doesn’t give a shit about ADA so who decided he was meaning ADA to be the next thing?
The ADA moon boys decided that. They are fanatic about Cardano. My dislike for Charles Hoskinson is the only reason I did not fomo in it more. I have Cardano but not heavily invested in it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 13, 2021, 04:42:03 PM
Quote from: Flexacon on May 12, 2021, 03:59:39 PM
Bitcoin dump, thanks to Elon. Maybe he plans on switching to Doge payments.

What a crazy day!

https://twitter.com/elonmusk/status/1392602041025843203/photo/1

Yep. He's pimping Doge now

@elonmusk

Working with Doge devs to improve system transaction efficiency. Potentially promising.

https://twitter.com/elonmusk/status/1392974251011895300
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 13, 2021, 04:43:42 PM
Quote from: Bindare_Dundat on May 13, 2021, 02:57:32 PM
you won't be alive by the time its all mined.
And then what? How will transactions be secured once miners jump off the train? Bitcoin mining will be like oil mining. All oil will not be mined but it will stop because it becomes too expensive to mine. If Bitcoin stays with the same model miners will stop mining before all Bitcoin are mined because the payouts in BTC will be so small it would not be worth it. i have also heard that Bitcoin's zero inflation will be an issue in the future. A little inflation is needed to keep things alive.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 13, 2021, 04:45:38 PM
Quote from: obsidian on May 13, 2021, 04:38:11 PM
Just a reminder that Ethereum is also moving to proof of stake. I am already staking Ethereum and there are others on this forum staking as well. Vitalik also proposed fast tracking the switch the Ethereum 2.0.

Proof-of-Stake could be coming to Ethereum in 2021. A poll conducted by Ethereum 2.0 researcher Justin Drake shows that the community is overwhelmingly in favor of fast-tracking the upgrade.

Key Takeaways

- Vitalik Buterin and other Ethereum researchers have supported launching “the merge” phase of Ethereum 2.0 in 2021.

I hold a small position in Ethereum, as well as MATIC for now. MATIC I hold in case Ethereum 2.0 flops and MATIC still serves ETH for functionality purposes.

What's your take on the probable success of Ethereum 2.0? There are many naysayers regarding ETH 2.0.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 13, 2021, 05:01:24 PM
Quote from: OneMoreRep on May 13, 2021, 04:45:38 PM
I hold a small position in Ethereum, as well as MATIC for now. MATIC I hold in case Ethereum 2.0 flops and MATIC still serves ETH for functionality purposes.

What's your take on the probable success of Ethereum 2.0? There are many naysayers regarding ETH 2.0.

"1"
There are many smart developers working on the upgrade to Ethereum 2. It is a daunting task considering that Ethereum is live with many working projects on it. Meanwhile a project like Cardano is afforded a lot more flexibility because their smart contracts are not yet live. So they can tweak it as they please without worrying about breaking something. They have the time to fix it because it is not live. However I am wondering why it is taking them so long. They've had 4 years now and yet smart contracts have not been enabled on Cardano. I am sure it is coming but if it is taking this long you have to wonder what's going on? Charles Hoskinson makes it sound so easy in interviews.

I think Ethereum 2 will not flop but of course nobody knows what the future will bring. Apple was on death's door when Microsoft rescued them a few decades ago. And now Apple is a behemoth.

There's some FUD about Ethereum. This article for example:

https://medium.com/coinmonks/layer-2-wont-save-ethereum-a52aa2bd719b

So I will be looking at every issue this guy is raising and seeing if there is a proposed solution for it.

First search I did seems to indicate yes.

https://zkswapofficial.medium.com/solutions-to-composability-in-layer-2-and-our-daily-q-a-is-back-april-8th-9148f9e4a087

(https://miro.medium.com/max/4096/0*qLYwpkbX0YuKQyaQ.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on May 13, 2021, 05:09:02 PM
Quote from: obsidian on May 13, 2021, 05:01:24 PM
There are many smart developers working on the upgrade to Ethereum 2. It is a daunting task considering that Ethereum is live with many working projects on it. Meanwhile a project like Cardano is afforded a lot more flexibility because their smart contracts are not yet live. So they can tweak it as they please without worrying about breaking something. They have the time to fix it because it is not live. However I am wondering why it is taking them so long. They've had 4 years now and yet smart contracts have not been enabled on Cardano. I am sure it is coming but if it is taking this long you have to wonder what's going on? Charles Hoskinson makes it sound so easy in interviews.

I think Ethereum 2 will not flop but of course nobody knows what the future will bring. Apple was on death's door when Microsoft rescued them a few decades ago. And now Apple is a behemoth.

There's some FUD about Ethereum. This article for example:

https://medium.com/coinmonks/layer-2-wont-save-ethereum-a52aa2bd719b

So I will be looking at every issue this guy is raising and seeing if there is a proposed solution for it.

First search I did seems to indicate yes.

https://zkswapofficial.medium.com/solutions-to-composability-in-layer-2-and-our-daily-q-a-is-back-april-8th-9148f9e4a087

(https://miro.medium.com/max/4096/0*qLYwpkbX0YuKQyaQ.jpg)



This explanation of this stuff tops any Dungeons and Dragons storyline...mega money nerds.  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 13, 2021, 05:13:41 PM
Quote from: obsidian on May 13, 2021, 05:01:24 PM
There are many smart developers working on the upgrade to Ethereum 2. It is a daunting task considering that Ethereum is live with many working projects on it. Meanwhile a project like Cardano is afforded a lot more flexibility because their smart contracts are not yet live. So they can tweak it as they please without worrying about breaking something. They have the time to fix it because it is not live. However I am wondering why it is taking them so long. They've had 4 years now and yet smart contracts have not been enabled on Cardano. I am sure it is coming but if it is taking this long you have to wonder what's going on? Charles Hoskinson makes it sound so easy in interviews.

I think Ethereum 2 will not flop but of course nobody knows what the future will bring. Apple was on death's door when Microsoft rescued them a few decades ago. And now Apple is a behemoth.

There's some FUD about Ethereum. This article for example:

https://medium.com/coinmonks/layer-2-wont-save-ethereum-a52aa2bd719b

So I will be looking at every issue this guy is raising and seeing if there is a proposed solution for it.

First search I did seems to indicate yes.

https://zkswapofficial.medium.com/solutions-to-composability-in-layer-2-and-our-daily-q-a-is-back-april-8th-9148f9e4a087

(https://miro.medium.com/max/4096/0*qLYwpkbX0YuKQyaQ.jpg)

I think like most things, when 2.0 first gets put out, the road will be bumpy. But like that first article said, with the type of firepower the developers on Ethereum have, it's only a matter of time before they find viable solutions to each of the 3 (Composability, Liquidity & movement between L2's) major issues brought up.

Part of the various unknowns surrounding the entire ETH 2.0 rollout is why I stick with MATIC (small position). Like they suggested, with MATIC you'll be able to connect all the L2 solutions in a standard framework, which while it doesn't solve all of the major issues brought up in that article, it does buy them time while the developers iron out the kinks.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 13, 2021, 05:16:26 PM
Cardano devs were pushing the idea to Elon. Why? Its beyond me after what he pulled.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 13, 2021, 06:33:15 PM
Quote from: Bindare_Dundat on May 13, 2021, 02:53:47 PM
where is this info? can you please provide a link? thanks and which tweet was it, the most recent or the one that caused the current slide down?

and are you using the stock to flow chart as your call on where we are in the bull market?

Sure, glassnode is where  I derive my on-chain anaylsis. Coins were moved before he announced  Tesla ceasing to accept btc as payment.

S2fx puts btc at 288k EOY. If you look at glassnode coins are being pulled off exchanges at an alarming rate. Certain entities are really suppressing the price while addresses woth 100-1000btc keep accumulating.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 13, 2021, 06:38:15 PM
Quote from: Mayday on May 13, 2021, 03:07:09 PM
Crazy huh. The guy might just be the Anti Christ lol.

Nice work on Doge, i have a handful which I’ll dump after I see him tweet a photo of a dog LoL.

Why is ADA rallying and not Doge? Elon doesn’t give a shit about ADA so who decided he was meaning ADA to be the next thing?

This has an all to familiar theme that coincides with 2017.  Fake actors pumping smaller capped cloins.  Is Elon the John Mcafee of 2021......To me its all noise, the  space is much bigger than a few bad seeds.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 13, 2021, 06:54:40 PM
Quote from: Theoak* on May 13, 2021, 06:33:15 PM
Sure, glassnode is where  I derive my on-chain anaylsis. Coins were moved before he announced  Tesla ceasing to accept btc as payment.

S2fx puts btc at 288k EOY. If you look at glassnode coins are being pulled off exchanges at an alarming rate. Certain entities are really suppressing the price while addresses woth 100-1000btc keep accumulating.

Thanks again.

This is where is miss the old days of crypto, before these douchebags showed up and started playing these ridiculous games and hogging for themselves.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 13, 2021, 07:03:03 PM
Quote from: Bindare_Dundat on May 13, 2021, 06:54:40 PM
Thanks again.

This is where is miss the old days of crypto, before these douchebags showed up and started playing these ridiculous games and hogging for themselves.

The other scenario is the double top we had in 2013. Went from 100$ to 1000$. Todays scenario would see 50k  to 500k. I believe it will take another 2.3trillion injected into btc to get a 10trllion market cap and btc hit 500k
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 13, 2021, 07:05:20 PM
Quote from: Theoak* on May 13, 2021, 07:03:03 PM
The other scenario is the double top we had in 2013. Went from 100$ to 1000$. Todays scenario would see 50k  to 500k. I believe it will take another 2.3trillion injected into btc to get a 10trllion market cap and btc hit 500k

Do you have a subscription to glassnode?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 13, 2021, 07:18:55 PM
Quote from: Bindare_Dundat on May 13, 2021, 07:05:20 PM
Do you have a subscription to glassnode?

Just a standard viewer. Im no trader, just hoard  and accumulate.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on May 13, 2021, 08:50:02 PM
Quote from: SOMEPARTS on May 13, 2021, 08:20:10 AM

It takes massive processing power for Bitcoin to run. It's a giant living electronic ledger that requires updating by reprocessing over and over. It's one of the most inefficient technologies that exist IMO.


https://www.allaboutcircuits.com/news/cryptocurrency-mines-consume-more-power-argentina-psus-can-help/

Cool story bro. I'll keep holding though. It's served me very well over the past 3+ years.

(https://external-preview.redd.it/CNVgkRcpsh2lcb_9BHjzkiWfUpQyQtd6FgTCzWySXZQ.png?auto=webp&s=698d481990169ec46fbb0d5d4a441fe4dc4b6e81)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 13, 2021, 09:42:41 PM
The crypto market is following it's typical cycle. Bitcoin pumps, next it's Eth and then some of the alt coins. We are now entering the alt coin pump phase.

I don't know if it's a natural cycle or something that's manufactured, but it's happened too many times now for it to be a coincidence. The process funnels money to the top. Hodl or follow the cycle if you like being more hands on.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 13, 2021, 09:52:13 PM
Cheers re ADA, I saw people commenting he said ADA on social media but I couldn’t find anything along those lines.


Quote from: Theoak* on May 13, 2021, 07:03:03 PM
The other scenario is the double top we had in 2013. Went from 100$ to 1000$. Todays scenario would see 50k  to 500k. I believe it will take another 2.3trillion injected into btc to get a 10trllion market cap and btc hit 500k

We are coming to a peak right now in the coming months but it’s just a question of whether it’s the first peak or whether it’s THE peak.

Either way I’m not staying in after seeing this crazy shit lol. I’ll be out.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 14, 2021, 01:50:33 AM
Doge coming to Coinbase soon.

I do expect the price of Doge to hit $1 at some point.

https://techstory.in/dogecoin-will-soon-be-added-to-coinbase-announces-ceo/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 14, 2021, 01:54:53 AM
Amazing how strong doge coin is bouncing back.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 14, 2021, 02:04:00 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 14, 2021, 02:07:01 AM
Quote from: FitnessFrenzy on May 14, 2021, 01:54:53 AM
Amazing how strong doge coin is bouncing back.

Amazing how many fucking retards still buy anything associated with Elon Musk(rat). How many times does a guy have to fuck people in the ass until its enough?

One wallet owns over 22 BILLION in doge. Why do morons keep making this person  filthy rich? Ffs just stop.  Just stop and think about that for a second.  If you still own doge go get your head checked out.

Sorry obsidian,  still like you but cmon man...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: BossBoss on May 14, 2021, 02:29:32 AM
Quote from: Bindare_Dundat on May 14, 2021, 02:07:01 AM
Amazing how many fucking retards still buy anything associated with Elon Musk(rat). How many times does a guy have to fuck people in the ass until its enough?

One wallet owns over 22 BILLION in doge. Why do morons keep making this person  filthy rich? Ffs just stop.  Just stop and think about that for a second.  If you still own doge go get your head checked out.

Sorry obsidian,  still like you but cmon man...

Just buy some Doge..they are still cheap!
Doge is a meme..Doge is NOT a shitcoin.

10 000 coins try to solve a problem..
Coins are not important, the knowledge on how to solve problems is important.
Most developers know these concepts by now..

Take a look at Komodo(KMD) they have great tech.
They use the Bitcoin blockchain..that is the only downside.

"One wallet owns over 22 BILLION in doge" Yes we know..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 14, 2021, 03:08:23 AM
Quote from: Bindare_Dundat on May 14, 2021, 02:07:01 AM
Amazing how many fucking retards still buy anything associated with Elon Musk(rat). How many times does a guy have to fuck people in the ass until its enough?

One wallet owns over 22 BILLION in doge. Why do morons keep making this person  filthy rich? Ffs just stop.  Just stop and think about that for a second.  If you still own doge go get your head checked out.

Sorry obsidian,  still like you but cmon man...
Doge is still cheap. You still have the opportunity to become a whole coiner!  ;D

I really don't get your complete hatred for Doge. What's so bad about it? Yes there are whales holding Doge. There are whales holding BTC. I don't dislike Vitalik because he has over 300,000 ETH. There are whales holding gold, silver, stocks, dollars. That's how it works.

Coinbase is going to list it. That's big news and it will rally on this and Tesla news. And some other news that's bound to come out.

Here's the top Doge wallets. If Bevo still has 4 million Doge it has to be on here further down around pages 13-14. I'd be curious if he is on that list.

I bought Doge at around $0.02 and could have easily had over 5 million Doge had I bought more. Oh well. I still did ok compared to most people.

https://bitinfocharts.com/top-100-richest-dogecoin-addresses.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 14, 2021, 04:51:43 AM
Quote from: obsidian on May 14, 2021, 03:08:23 AM
Doge is still cheap. You still have the opportunity to become a whole coiner!  ;D

I really don't get your complete hatred for Doge. What's so bad about it? Yes there are whales holding Doge. There are whales holding BTC. I don't dislike Vitalik because he has over 300,000 ETH. There are whales holding gold, silver, stocks, dollars. That's how it works.

Coinbase is going to list it. That's big news and it will rally on this and Tesla news. And some other news that's bound to come out.

Here's the top Doge wallets. If Bevo still has 4 million Doge it has to be on here further down around pages 13-14. I'd be curious if he is on that list.

I bought Doge at around $0.02 and could have easily had over 5 million Doge had I bought more. Oh well. I still did ok compared to most people.

https://bitinfocharts.com/top-100-richest-dogecoin-addresses.html


Guess you guys didn't learn a thing over the last few days. At least Vitalik had the common sense to get rid of all the garbage Shiba coins sent to him. He has my respect for that.
 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 14, 2021, 05:28:20 AM
Quote from: OneMoreRep on May 13, 2021, 04:45:38 PM
I hold a small position in Ethereum, as well as MATIC for now. MATIC I hold in case Ethereum 2.0 flops and MATIC still serves ETH for functionality purposes.

What's your take on the probable success of Ethereum 2.0? There are many naysayers regarding ETH 2.0.

"1"

Good call on Matic. Its pumping. Make similar buys like that and youll do well.

Buying any supporting coins for the major alts like Ethereum, Cardano and PolkaDot will make you some serious gains in a bull market scenerio.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 14, 2021, 05:37:57 AM
Quote from: Bindare_Dundat on May 14, 2021, 05:28:20 AM
Good call on Matic. Its pumping. Make similar buys like that and youll do well.

Buying any supporting coins for the major alts like Ethereum, Cardano and PolkaDot will make you some serious gains in a bull market scenerio.

Thanks brother.

I hold all you mentioned, ETH, ADA and DOT. They've served me well.

You know what I also hold? Vechain! I'm not certain it will pump to the moon, but it has a WORLD of potential. It also happens to be one of BitBoy's favorite altcoins.

Let me know your thoughts on $VET.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 14, 2021, 06:33:38 AM
I was really bullish on Vechain prior to the previous dump we had and it looked like it was going to break out  around the 5-6th of this month but its performance has been lackluster recently. I don't think it's getting the attention it deserves from a lot of the influencer channels which do have an effect on the exposure something gets to give it that push. Long term its a solid investment, its just a waiting game.

Ive swtichted my focus more onto the Cardano echo system and how  I can maximize my gains in that currently.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 14, 2021, 06:43:31 AM
Quote from: Bindare_Dundat on May 14, 2021, 06:33:38 AM
I was really bullish on Vechain prior to the previous dump we had and it looked like it was going to break out  around the 5-6th of this month but its performance has been lackluster recently. I don't think it's getting the attention it deserves from a lot of the influencer channels which do have an effect on the exposure something gets to give it that push. Long term its a solid investment, its just a waiting game.

Ive swtichted my focus more onto the Cardano echo system and how  I can maximize my gains in that currently.



Based on my limited research, out of all the coins I now hold in my portfolio, I do believe Cardano is the best by way of it's incredibly sound foundation. Its proof of stake approach to ledger validation onto the blockchain, low energy consumption with minimal carbon emission rates, the heavy research that has gone into it, its integration into an entire country's (Ethiopia) educational system and the fact that smart contracts are coming to Cardano this July or August all points to this coin blowing up BIG TIME in the very near future. It's practically become a stablecoin that is now slowly about to hit $2.00. Less than 6 months ago, this coin was less than a dollar. Based on BitBoy's analysis, he suggests that Cardano in the next 5 years could be priced between $50-$100/coin. I go even more bullish and think it could reach $200-$300/coin based on its circulating supply, market cap and the future of the entire crypto ecosystem (I can certainly explain the how behind my $200-$300 target, but I can't tell you the when).

I think ADA is a good choice, but then I also have a bunch of other coins that I think can do very well, clearly VeChain being one of them. Instead of coins that just appetize one or two markets, I look at coins that can dominate continents at a time (i.e. Cardano for Africa, VeChain for Asia etc).

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 14, 2021, 06:58:22 AM
Quote from: OneMoreRep on May 14, 2021, 06:43:31 AM
he suggests that Cardano in the next 5 years could be priced between $50-$100/coin. I go even more bullish and think it could reach $200-$300/coin based on its circulating supply, market cap and the future of the entire crypto ecosystem (I can certainly explain the how behind my $200-$300 target, but I can't tell you the when).

I think ADA is a good choice, but then I also have a bunch of other coins that I think can do very well, clearly VeChain being one of them. Instead of coins that just appetize one or two markets, I look at coins that can dominate continents at a time (i.e. Cardano for Africa, VeChain for Asia etc).

"1"

I agree, that this is a very realistic price range. The next bull run cycle, if there is such a thing, will be insane.  I will be going all in Cardano soon. I believe in Charles' vision 110%
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 14, 2021, 07:11:30 AM
Quote from: Bindare_Dundat on May 11, 2021, 05:20:31 PM
Im still in my BTC long


Another possible move down after around 52k level then......?
 :o ;D

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on May 14, 2021, 07:36:34 AM
Quote from: Bindare_Dundat on May 14, 2021, 05:28:20 AM
Good call on Matic. Its pumping. Make similar buys like that and youll do well.

Buying any supporting coins for the major alts like Ethereum, Cardano and PolkaDot will make you some serious gains in a bull market scenerio.

I have Ethereum, Cardano, Matic for a total of 40K $ & 3,500 $ of VET & 3,500 $ of SHIBA in case of stupidity resurgence.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 14, 2021, 07:53:05 AM
OMG, the first 15 seconds are fucking gold.



Looks like Tesla emitted 10x more carbon in 2019 then all of bitcoin mining. Lmao 

What a tool.
He is playing the environmental angle now to benefit from Bidens green credits.

The guy doesn't give a fuck who he hurts and how as long as it benefits him at the time.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on May 14, 2021, 11:00:42 AM
How do you get cardamom and Vet?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 14, 2021, 11:53:05 AM
Quote from: El Diablo Blanco on May 14, 2021, 11:00:42 AM
How do you get cardamom and Vet?

Most ethnic grocery stores carry Cardamom.








(binance)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on May 14, 2021, 11:55:05 AM
Quote from: Flexacon on May 14, 2021, 11:53:05 AM
Most ethnic grocery stores carry Cardamom.








(binance)

Lol.  Fucking spell check.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 14, 2021, 03:49:06 PM
Quote from: Bindare_Dundat on May 14, 2021, 07:53:05 AM
OMG, the first 15 seconds are fucking gold.



Looks like Tesla emitted 10x more carbon in 2019 then all of bitcoin mining. Lmao 

What a tool.
He is playing the environmental angle now to benefit from Bidens green credits.

The guy doesn't give a fuck who he hurts and how as long as it benefits him at the time.
The employee of the month dude in this video is an idiot. He keeps maintaining Doge is a joke and there are not developers. There are developers what the hell is he talking about. Look the young generation are going with Doge and they are the ones that will be the future "leaders". If people want Doge they are going to have it.

I also don't like that Sheldon is openly inviting people to hack Doge. And would it really matter. Ethereum Classic was hacked and the price still went up.

But they should make sure Doge is secure. With a market cap of over $50 billion I am sure there will be developers interested in working on it.

https://decrypt.co/70945/exclusive-dogecoin-developers-say-theyve-been-working-with-elon-musk-since-2019?utm_source=reddit&utm_medium=social&utm_campaign=sm

Exclusive: Dogecoin Developers Say They've Been Working with Elon Musk Since 2019
They are working with him to make the cryptocurrency a cheaper, greener alternative to Bitcoin.

- Elon Musk has been advising the developers behind Dogecoin since 2019.
- The team of four core developers has welcomed his advice but declined the funding he offered.

Dogecoin developers have turned down funding from Elon Musk, choosing instead to tap his brain to make the cryptocurrency a greener, cheaper alternative to Bitcoin, Decrypt learned in an exclusive interview with one of its developers today.

So far, the unlikely and unofficial partnership with the Tesla and SpaceX CEO, who also co-founded PayPal, has worked.

Dogecoin developer Ross Nicholl told Decrypt by phone on Friday that since Musk started talking to the developers in 2019, he has "encouraged them to improve the higher transaction throughput,” provided “lots of advice and input,” and shared his vast Rolodex of contacts.

Nicholl said that the team of four part-time Dogecoin developers are optimistic that with Musk in the picture, they could further reduce the cryptocurrency’s energy consumption—which, by one estimation on Thursday, is already just 7% of Bitcoin’s.

Nicholl said Musk has been in touch with Dogecoin’s development team—Nicholl, Michi Lumin, Max Keller, “Patrick,” and “Sporklin,” who sadly died from cancer in April—since he was voted honorary Dogecoin CEO in 2019.

Musk has also offered to fund Dogecoin development, but the team politely turned down the offer, said Nicholl, who added that they also refused other offers from wealthy would-be investors.

Working with Doge devs to improve system transaction efficiency. Potentially promising.

— Elon Musk (@elonmusk) May 13, 2021

Musk had tweeted on Thursday that he was working with Dogecoin’s developers to “improve system transaction efficiency.” The day before, Musk turned his back on Bitcoin, tweeting that Tesla would no longer accept it as payment and that he was looking “at other cryptocurrencies that use [less than] 1% of Bitcoin’s energy/transaction.”

Dogecoin to the moon

Dogecoin’s price has soared under Musk’s patronage, from $0.008 in January 2021, to an all-time high of $0.71 before his much-hyped appearance on Saturday Night Live last week, where his mother namer-dropped Dogecoin. But, up to now, his hands-on involvement with the cryptocurrency that started out as a joke has been a mystery.

DOGE’s rising price has ensured that there is plenty of money in the kitty, said Nicholl. Since the project’s founders, Billy Markus and Jackson Palmer, abandoned the project in 2015, developers like Nicholl worked on the open-source project in their spare time.

Alongside Dogecoin, Nicholl led technical development on smart contracts
for the enterprise blockchain project, R3. He recently accepted a job outside the blockchain industry but declined to say where.

As the Dogecoin market heats up, Nicholl said that interest in developing the coin has gone through the roof. “We're seeing an avalanche of developers jumping in and working on it now,” he said.

The Dogecoin developers are currently finalizing the cryptocurrency’s 1.21 upgrade—the biggest since 2019, said Nicholl, and a foundation for further upgrades.

“From an end-user perspective, [the] main highlights are we're looking at how to make sync speed better,” he explained. The upgrade will also ensure that wallet backups are valid forever, and will make it easier for service providers to integrate Dogecoin.

On Thursday, Coinbase announced it will finally list Dogecoin, after much prevarication. The six-to-eight-week timeline shared by the exchange suggests that the new upgrade could be ready by the listing.

The team’s next goal is to cut transaction fees from their current average of $0.4 to $0.01. “It's going to be a bit of a negotiation with the miners. But we have to convince them that it's healthy for the network,” said Nicholl.

A recurring joke

Dogecoin is modelled on Bitcoin but uses a different code, Scrypt, which is less energy-intensive and more in line with Musk’s new, eco-friendly stance on cryptocurrencies. Nicholl said it’s possible to reduce Dogecoin’s energy consumption to make the coin greener.

While Musk seems keen to take Dogecoin to the moon, Nicholl and the rest of the Dogecoin devs are a down-to-earth bunch—an attitude inherited from the cryptocurrency’s original creators, Jackson Palmer and Billy Markus.

Palmer and Markus originally invented Dogecoin in 2013 as a riposte to Bitcoin. Palmer told Decrypt in 2018 that he walked away from the project without having made a cent. Markus only made enough to buy a Honda Civic.

Palmer no longer comments publicly on the fate of his invention, but on Thursday called Musk a “self-involved grifter,” only to remove his post 10 minutes later. Markus told the Wall Street Journal in February that the coin’s rise “doesn't make sense. It’s super absurd.”

These days—unlike its inventors, not too many people are trying to dodge the Doge—especially now that this “joke coin” is under the wing of one of the most powerful men in the world.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 14, 2021, 05:45:21 PM
Weekly closes in 2 days.

Massive dump inbound before then? After that 🚀
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 14, 2021, 06:49:51 PM
Co creator of doge coin calls Elon Musk a self absorbed grifter.

Lmao.

Grifter=swindler

Good job guys, good job.

Doge, the fiat currency of crypto.

Keep him away from cardano,
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 14, 2021, 06:55:03 PM
Quote from: Mayday on May 14, 2021, 05:45:21 PM
Weekly closes in 2 days.

Massive dump inbound before then? After that 🚀

42k range is possible, you figure?

Edit. Are you seeing a pattern here man? 51k small dump, 51k small dump. I think the btc you guys were talking about earlier is being dumped a bit at a time?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 14, 2021, 07:55:19 PM
$MATIC going parabolic, 3 days ago it opened in the $0.80's range, now it's in the mid $1.70s.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 14, 2021, 08:15:24 PM
Quote from: OneMoreRep on May 14, 2021, 07:55:19 PM
$MATIC going parabolic, 3 days ago it opened in the $0.80's range, now it's in the mid $1.70s.

"1"

Awesome man! Cardano ripping now too.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on May 14, 2021, 09:13:48 PM
So what’s the deal with all of these coins? Now it’s just become a massive ponzu scheme.  New coins come out and are worth billions in market share.  It’s beanie baby mania.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 14, 2021, 10:45:04 PM
Quote from: Bindare_Dundat on May 14, 2021, 06:49:51 PM
Co creator of doge coin calls Elon Musk a self absorbed grifter.

Lmao.

Grifter=swindler

Good job guys, good job.

Doge, the fiat currency of crypto.

Keep him away from cardano,

That guy sold all his Dogecoin to buy a car like 5 years ago. I'd be salty as fuck too if I were him.

Musk has been working with the current developers since 2019 trying to make doge more efficient and greener. He offered them funding, but they declined (doubt  they need the money). None of it sits right with me, but neither did bitcoin. Gonna have to hodl a bit just in case.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 15, 2021, 01:32:42 AM
Quote from: Flexacon on May 14, 2021, 10:45:04 PM
That guy sold all his Dogecoin to buy a car like 5 years ago. I'd be salty as fuck too if I were him.

Musk has been working with the current developers since 2019 trying to make doge more efficient and greener. He offered them funding, but they declined (doubt  they need the money). None of it sits right with me, but neither did bitcoin. Gonna have to hodl a bit just in case.
If you believe that he was working with developers since 2019......
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on May 15, 2021, 01:34:12 AM
Diem Announces Partnership with Silvergate and Strategic Shift to the United States

https://www.diem.com/en-us/updates/diem-silvergate-partnership/

'Washington, D.C. – The Diem Association is pleased to announce a partnership between its wholly-owned subsidiary, Diem Networks US, and Silvergate Capital Corporation (NYSE: SI). Under this partnership, Silvergate Bank (“Silvergate”) will become the exclusive issuer of the Diem USD stablecoin.'

'Silvergate is a California state-chartered bank and a member of the Federal Reserve, and Diem Networks US will register as a money services business with the US Department of the Treasury’s Financial Crimes Enforcement Network.'
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 15, 2021, 02:40:42 AM
Quote from: Bindare_Dundat on May 14, 2021, 06:55:03 PM
42k range is possible, you figure?

Edit. Are you seeing a pattern here man? 51k small dump, 51k small dump. I think the btc you guys were talking about earlier is being dumped a bit at a time?

Yeah something like that but only a wick down low then a close around 46k+ From the bounce.

ETH is unwinding even before anything has happened which tells me people are getting ready for a big dip.

In these pullbacks we generally see the last day get nuked l which is what creates the strong rebound.

It took 4 weeks to go from 19k to 41k. It took 3 weeks to go from 32k to 57k.

My model is still in play, even if I’m 1-2 weeks early on dates I’m not going to beat myself up about it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 15, 2021, 06:03:04 AM
Quote from: Bindare_Dundat on May 14, 2021, 06:49:51 PM
Co creator of doge coin calls Elon Musk a self absorbed grifter.

Lmao.

Grifter=swindler

Good job guys, good job.

Doge, the fiat currency of crypto.

Keep him away from cardano,
Well I guess it is Cardano's time to pump. Damn it is on a roll!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 15, 2021, 06:21:59 AM
Quote from: obsidian on May 15, 2021, 06:03:04 AM
Well I guess it is Cardano's time to pump. Damn it is on a roll!

Just keep Elon as far away as possible.   ;D ;)

wait til August for smart contracts. Lots of projects waiting to roll. This thing will fucking explode. Everything is lining up beautifully.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 15, 2021, 06:27:55 AM
Quote from: Bindare_Dundat on May 15, 2021, 06:21:59 AM
Just keep Elon as far away as possible.   ;D ;)

wait til August when smart contracts roll out. This thing will fucking explode. Everything is lining up beautifully.
Just wish Charles Hoskinson was more likeable. I don't like his smack / trash talking. He apparently lacks people skills and is not well liked in the industry and gets into fights with almost everyone.

There are also questions surrounding the initial ICO in Japan and rumors that investors were swindled.

Charles and his buddies hold 20% of the ADA supply - similar to the Doge whales.They literally have billions of ADA.

Vitalik Butrin for example only holds .28% of ETH.

How is Cardano not a security per the SEC test?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 15, 2021, 06:38:04 AM
Anyone staking Cardano? If so where and what APR are you getting?

From this thread it seems like people are not getting any rewards unless they have over a million ADA.

https://www.reddit.com/r/cardano/comments/n8jpz5/i_finally_understand_the_power_of_cardano/

"I pursued setting up a stake pool. I got it up and running but after doing the research I realized in order to really make it worthwhile I’d have to put a lot of work into promoting, marketing, etc. I closed it down but the silver lining is I got to really understanding staking and the advantages of one pool over another... and here it is: in the end, it all really balances out the same. A pool with 30m delegated will make you the same as a pool with 30k delegated. However, the pool with 30m delegated will earn you rewards daily, whereas you may go for months without earning one single ada with a 30k pool. However, when you do finally get a reward, it will be a substantial one. I guess the advantage of delegating to a large pool is that you earn rewards daily so you know the pool is up and properly running. The advantage of delegating to a smaller pool is you are supporting a small business. I’d suggest if you delegate to a smaller pool then it’s a benefit that you actually know the person running it so that you can be confident they know what they are doing. There are other minor variables like fees which the stake pool operator can adjust to reward themselves more ada for each block mined, but the amount turns out to be rather insignificant to the delegator unless you have delegated a massive amount of data. If you haven’t visited pooltool.io then that is a good resource with more info about stake pools."
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 15, 2021, 06:43:12 AM
Quote from: obsidian on May 15, 2021, 06:27:55 AM
Just wish Charles Hoskinson was more likeable. I don't like his smack / trash talking. He apparently lacks people skills and is not well liked in the industry and gets into fights with almost everyone.

There are also questions surrounding the initial ICO in Japan and rumors that investors were swindled.

Charles and his buddies hold 20% of the ADA supply - similar to the Doge whales.They literally have billions of ADA.

Vitalik Butrin for example only holds .28% of ETH.

How is Cardano not a security per the SEC test?

C'mon man, you think the cofounder of Ethereum hasn't figured this stuff out? He is way ahead of the curve.
 The whole point of creating Cardano was to make  a better Ethereum and he did. 

 All I care about is that he doesn't do something stupid and screw my investment with ridiculous tweets for example.
 
I dont know anything about the other claims your making.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 15, 2021, 06:53:06 AM
https://financefeeds.com/ripple-puts-sec-to-shame-in-latest-legal-round/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 15, 2021, 06:54:06 AM
Quote from: obsidian on May 15, 2021, 06:38:04 AM
Anyone staking Cardano? If so where and what APR are you getting?

From this thread it seems like people are not getting any rewards unless they have over a million ADA.

https://www.reddit.com/r/cardano/comments/n8jpz5/i_finally_understand_the_power_of_cardano/

"I pursued setting up a stake pool. I got it up and running but after doing the research I realized in order to really make it worthwhile I’d have to put a lot of work into promoting, marketing, etc. I closed it down but the silver lining is I got to really understanding staking and the advantages of one pool over another... and here it is: in the end, it all really balances out the same. A pool with 30m delegated will make you the same as a pool with 30k delegated. However, the pool with 30m delegated will earn you rewards daily, whereas you may go for months without earning one single ada with a 30k pool. However, when you do finally get a reward, it will be a substantial one. I guess the advantage of delegating to a large pool is that you earn rewards daily so you know the pool is up and properly running. The advantage of delegating to a smaller pool is you are supporting a small business. I’d suggest if you delegate to a smaller pool then it’s a benefit that you actually know the person running it so that you can be confident they know what they are doing. There are other minor variables like fees which the stake pool operator can adjust to reward themselves more ada for each block mined, but the amount turns out to be rather insignificant to the delegator unless you have delegated a massive amount of data. If you haven’t visited pooltool.io then that is a good resource with more info about stake pools."

Im staking and I receive awards, and you dont need a million ADA. I get around 5%.

The minimum amount you need to stake is 5 ADA. You can exit a pool at any time.

Your returns depend on what pool you're in, saturaton, pool fee, etc... its outlined fairly well in that post.

 I guess Im supposed to pull out and leave my money in a bank after reading that?

Im good, thanks .


On another no,te Cardano is absolutely killing it today.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 15, 2021, 07:00:05 AM
Quote from: Bindare_Dundat on May 15, 2021, 06:43:12 AM
C'mon man, you think the cofounder of Ethereum hasn't figured this stuff out? He is way ahead of the curve.
 The whole point of creating Cardano was to make  a better Ethereum and he did. 

 All I care about is that he doesn't something stupid and screw my investment with ridiculous tweets for example.
 
I dont know anything about the other claims your making.
I can earn 6% APR with my Ethereum.

I'll want to earn more ADA with my holdings. Where can this be done. If staking ADA is a matter of luck and no guaranteed reward what's the damn point in that? then their staking method is messed up. Unless I am missing something here. From the link I posted earlier it appears staking ADA is not straightforward.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 15, 2021, 07:01:28 AM
Quote from: Bindare_Dundat on May 15, 2021, 06:54:06 AM
Im staking and I receive awards, and you dont need a million ADA. I get around 6%.

The minimum amount you need to stake is 5 ADA. You can exit a pool at any time.

Your returns depend on what pool you're in, saturaton, pool fee, etc... its outlined fairly well in that post.

 I guess Im supposed to pull out and leave my money in a bank after reading that?

Im good, thanks .


On another no,te Cardano is absolutely killing it today.
Where are you staking it?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 15, 2021, 07:02:33 AM
https://investorplace.com/2021/05/why-you-dont-want-cardano-at-10/

$10 ADA Might Mean $30,000 Bitcoin

As you know, the difference between the current rally and the prior one is the institutional investor. Namely, more of Wall Street’s alpha dogs are moving into Bitcoin. But they’re arriving at the party late compared to crypto advocates, who have been piling in at much lower prices.

Therefore, if we see a rotation out of Bitcoin to Cardano and other altcoins, the BTC price will suffer. If BTC suffers too much, though, it might trigger the institutional players’ stop-loss or stop-limit orders. That could send the entire crypto market falling.

So yes, it’s possible to see ADA at $10 or even higher. But you might want to consider what that might imply before you get too excited.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 15, 2021, 07:09:47 AM
Quote from: obsidian on May 15, 2021, 07:01:28 AM
Where are you staking it?

Through the Daedalus Wallet. It has a category for all the staking pools and all the info for, cost, and returns as well as the web page for those running that particular staking pool are found there. Awesome wallet.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 15, 2021, 07:10:59 AM
Quote from: obsidian on May 15, 2021, 07:02:33 AM
https://investorplace.com/2021/05/why-you-dont-want-cardano-at-10/

$10 ADA Might Mean $30,000 Bitcoin

As you know, the difference between the current rally and the prior one is the institutional investor. Namely, more of Wall Street’s alpha dogs are moving into Bitcoin. But they’re arriving at the party late compared to crypto advocates, who have been piling in at much lower prices.

Therefore, if we see a rotation out of Bitcoin to Cardano and other altcoins, the BTC price will suffer. If BTC suffers too much, though, it might trigger the institutional players’ stop-loss or stop-limit orders. That could send the entire crypto market falling.

So yes, it’s possible to see ADA at $10 or even higher. But you might want to consider what that might imply before you get too excited.

Its ok bro. You can still buy more Cardano, its not out of reach and its a win.  ;D

You can thank your buddy Elon for putting a knife into proof of work but now you wanna suggest  ADA will be the potential  downfall of BTC? please.

Next correction, ill grab more.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 15, 2021, 07:54:31 AM
Quote from: obsidian on May 15, 2021, 07:00:05 AM
I can earn 6% APR with my Ethereum.

I'll want to earn more ADA with my holdings. Where can this be done. If staking ADA is a matter of luck and no guaranteed reward what's the damn point in that? then their staking method is messed up. Unless I am missing something here. From the link I posted earlier it appears staking ADA is not straightforward.

Go for it man. Theres no harm in staking, its not locked up. If arent happy for whatever reason, take itout, sell it and move on.

Good luck dude.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 15, 2021, 05:02:05 PM
.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 15, 2021, 05:43:24 PM
Quote from: Bindare_Dundat on May 15, 2021, 06:43:12 AM
C'mon man, you think the cofounder of Ethereum hasn't figured this stuff out? He is way ahead of the curve.
 The whole point of creating Cardano was to make  a better Ethereum and he did. 


The whole point of Cardano was Charles making sure he got paid. Nothing wrong with that and it doesn't mean it's not a good project, but let's try keep it real.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 15, 2021, 05:45:22 PM
Quote from: obsidian on May 15, 2021, 07:02:33 AM
https://investorplace.com/2021/05/why-you-dont-want-cardano-at-10/

$10 ADA Might Mean $30,000 Bitcoin

As you know, the difference between the current rally and the prior one is the institutional investor. Namely, more of Wall Street’s alpha dogs are moving into Bitcoin. But they’re arriving at the party late compared to crypto advocates, who have been piling in at much lower prices.

Therefore, if we see a rotation out of Bitcoin to Cardano and other altcoins, the BTC price will suffer. If BTC suffers too much, though, it might trigger the institutional players’ stop-loss or stop-limit orders. That could send the entire crypto market falling.

So yes, it’s possible to see ADA at $10 or even higher. But you might want to consider what that might imply before you get too excited.

If bitcoin starts dropping to 40k or below then people will see it as great opportunity to buy. They'll cash out altcoin profits and dump it back into bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 15, 2021, 07:59:02 PM
Quote from: Flexacon on May 15, 2021, 05:43:24 PM
The whole point of Cardano was Charles making sure he got paid. Nothing wrong with that and it doesn't mean it's not a good project, but let's try keep it real.

Lol touche
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 15, 2021, 08:43:52 PM
I don’t think Elon is looking to alter the outcome of BTC this bullrun, I think he is trying to alter the outcome of the next bullrun and take out BTC.

95% gets HODLd and let’s be real, everyone from this bullrun jumps in and HODLs, then new entries come in and HODL.....GameStop outcome lol.

Can you change the name of a crypto coin already in market?

If Dogecoin changes to Teslacoin.......
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 15, 2021, 09:47:51 PM
Quote from: Mayday on May 15, 2021, 08:43:52 PM
I don’t think Elon is looking to alter the outcome of BTC this bullrun, I think he is trying to alter the outcome of the next bullrun and take out BTC.


I don't think he wants to take bitcoin out.

The way I see is he wants bitcoin as a store of value and dogecoin as an inflationary currency. Ethereum would be everything in between (the equivalent of real estate, collectables, banking etc). A whole new decentralized system
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 15, 2021, 10:49:01 PM
Quote from: Flexacon on May 15, 2021, 09:47:51 PM
I don't think he wants to take bitcoin out.

The way I see is he wants bitcoin as a store of value and dogecoin as an inflationary currency. Ethereum would be everything in between (the equivalent of real estate, collectables, banking etc). A whole new decentralized system

BTC maxi Idiots are giving the guy power he doesn’t have and played right into his hands. The message to people outside of crypto (which is 99% of the planet) is Elon has the power to move the market instead of Elon pumps and dumps and manipulates markets with his wealth.

Let’s put this into perspective........

When the guy who has spaceships, starlink global internet, neuralink and a fleet of self driving electric cars says hey I’m putting a photo of a dog on my rocket ship to Mars and this is the people’s crypto which you should all buy......

Meanwhile BTC maxis have given us laser eyes and insulted every other coin.......

I dunno dude. He is targeting BTC specifically.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 16, 2021, 01:40:56 AM
Quote from: Mayday on May 15, 2021, 10:49:01 PM
BTC maxi Idiots are giving the guy power he doesn’t have and played right into his hands. The message to people outside of crypto (which is 99% of the planet) is Elon has the power to move the market instead of Elon pumps and dumps and manipulates markets with his wealth.

Let’s put this into perspective........

When the guy who has spaceships, starlink global internet, neuralink and a fleet of self driving electric cars says hey I’m putting a photo of a dog on my rocket ship to Mars and this is the people’s crypto which you should all buy......

Meanwhile BTC maxis have given us laser eyes and insulted every other coin.......

I dunno dude. He is targeting BTC specifically.

He also called Doge a hussle on network television. How does saying anything marginally positive  after calling it a hussle fix anything? Why would anyone take what he has to say seriously after something like that and buy into Doge?

None of it makes any sense and hopefully, sooner rather than later, the media and the people who kissed his nutsack, will see him for what he really is.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 16, 2021, 02:14:25 AM
Quote from: Bindare_Dundat on May 16, 2021, 01:40:56 AM
He also called Doge a hussle on network television. How does saying anything marginally positive  after calling it a hussle fix anything? Why would anyone take what he has to say seriously after something like that and buy into Doge?

None of it makes any sense and hopefully, sooner rather than later, the media and the people who kissed his nutsack, will see him for what he really is.
It was a joke. A SNL sketch. This is how human psychology works. If you tell someone they must buy it and it is the greatest thing since sliced bread it comes across as fake. A lot of projects take themselves too seriously. The issue I have with all the Cardano fan boys is it comes across as desperate.

The Cardano people are literally throwing themselves at Tesla saying here, date me. I am the best match for you.

Charles is throwing himself at "Mr. Cuban" saying come to my farm in Colorado so we can chat. Mark Cuban says someone pitching it has to be in person is a red flag. All of a sudden Charles comes across as an asshole in follow up tweets and on more than one occasion does not capitalize Mark Cuban's name. He knows how to use caps that's a deliberate asshole move.

Do you see Ethereum throwing themselves at Tesla and Cuban? No.

I like reading Youtube comments and Cardano people come across as aggressive and cult like. Show us the apps and smart contracts and stop talking smack. Let your work do the talking.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 16, 2021, 04:31:49 AM
Quote from: obsidian on May 16, 2021, 02:14:25 AM
It was a joke. A SNL sketch. This is how human psychology works. If you tell someone they must buy it and it is the greatest thing since sliced bread it comes across as fake. A lot of projects take themselves too seriously. The issue I have with all the Cardano fan boys is it comes across as desperate.

The Cardano people are literally throwing themselves at Tesla saying here, date me. I am the best match for you.

Charles is throwing himself at "Mr. Cuban" saying come to my farm in Colorado so we can chat. Mark Cuban says someone pitching it has to be in person is a red flag. All of a sudden Charles comes across as an asshole in follow up tweets and on more than one occasion does not capitalize Mark Cuban's name. He knows how to use caps that's a deliberate asshole move.

Do you see Ethereum throwing themselves at Tesla and Cuban? No.

I like reading Youtube comments and Cardano people come across as aggressive and cult like. Show us the apps and smart contracts and stop talking smack. Let your work do the talking.

I caught that Cuban exchange and thought it was sad. But I dont care about Cuban either. He's a wanker and Charles needs to drop trying to impress these tards. What does Doge have. Nothing . Total garbage but Cuban pumps that nonsense. The guy is clueless.

I find it hard to believe you're still defending a guy that made such an issue of proof of work platforms and their energy consumption. Until Eth sorts that problem, the environmental cross hairs, (it doesn't deserve), are on it as well, thanks to a tweet whore and a guy that runs a company that cant survive without some type of government subsidy, under some alphabet carbon credit. ZEV, LCFS, REC......He's been riding the tax payer for years.  Egomaniacal shyster with mental issues.

Dont be threatened bro. They'll be a place for a broken, fee hog, Etereum somewhere too.  ;D ;)

(I'm trolling you a bit man. If I didn't have any faith in Valtalik I would have sold all my eth. I didn't.)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 16, 2021, 06:36:56 AM
Quote from: Mayday on May 15, 2021, 10:49:01 PM


I dunno dude. He is targeting BTC specifically.


Elon obviously knows how tech world works. Tech advances faster when there are financial rewards in play (think smartphones). Green energy has never had that financial drive. Progress has been slow and it's usually done at a loss or via government subsidies.

Now imagine you can have a green energy set up which mines bitcoin and it's a highly profitable. It will accelerate "green tech" making it more efficient, cheaper and eventually reliable enough to replace most forms of carbon based energy. Suddenly bitcoin is what saves the world from climate disaster. What's that gonna do for bitcoins value?

This btw is my first bullish post on bitcoin ever. I will be buying in the dip (40k) or just before it's next bull run.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 16, 2021, 06:47:28 AM
Quote from: Flexacon on May 16, 2021, 06:36:56 AM

Elon obviously knows how tech world works. Tech advances faster when there are financial rewards in play (think smartphones). Green energy has never had that financial drive. Progress has been slow and it's usually done at a loss or via government subsidies.

Now imagine you can have a green energy set up which mines bitcoin and it's a highly profitable. It will accelerate "green tech" making it more efficient, cheaper and eventually reliable enough to replace most forms of carbon based energy. Suddenly bitcoin is what saves the world from climate disaster. What's that gonna do for bitcoins value?

This btw is my first bullish post on bitcoin ever. I will be buying in the dip (40k) or just before it's next bull run.

BITCOIN doesnt need Elon Musk for any of that.   This whole coal thing and environmental grandstanding is a joke. End of story.

Bitcoin uses 1/10th of 1% of global energy. to mine.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 16, 2021, 06:56:59 AM
Quote from: Bindare_Dundat on May 16, 2021, 06:47:28 AM
BITCOIN doesnt need Elon Musk for any of that.   This whole coal thing and environmental grandstanding is a joke. End of story.

Crypto in it's current state is just as big a joke so they make a good couple.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 16, 2021, 09:03:01 AM
There are no Dogecoin developers. The guy is a liar.

Here's a chart of Dogecoin developer contributions to the master node. Dead zone.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 16, 2021, 01:01:48 PM
Bullrun over or just a correction?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 16, 2021, 01:07:54 PM
$ 45,695.10
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 16, 2021, 01:37:58 PM
Thanks Elon Musk.

His followers are sick for giving this lunatic the time of day.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 16, 2021, 01:58:09 PM
This is what happens when people FUCK with Elon Musk. The guy is a modern day Lex Luthor (One of the world's smartest & richest man). Just the other day, he makes a post about not accepting Bitcoin in exchange for his Tesla cars. That drove Bitcoin down to the low $50,000's.

Today, a bunch of twitter crypto dweebs & trolls are poking him about being a dick by wanting to pump DOGE, while not giving Bitcoin its rightful due. In turn, Elon makes a tweet about how BTC is not only harmful to the environment, but almost killed a bunch of poor, Chinese miners.

What was that for?!? The price of Bitcoin as I make this post: $43,930.

I might find Elon Musk a bit odd at times (no surprise since he has Asperger's), but he is still pretty fucking awesome with all of his amazing achievements and his view towards the future. People need to realize that money doesn't mean the same to him as it means for the rest of us. For most, losing $100 Million USD is a massive tragedy. For him, it's chump change (literally about .07% of his wealth).

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 16, 2021, 02:14:01 PM
Quote from: OneMoreRep on May 16, 2021, 01:58:09 PM
This is what happens when people FUCK with Elon Musk. The guy is a modern day Lex Luthor (One of the world's smartest & richest man). Just the other day, he makes a post about not accepting Bitcoin in exchange for his Tesla cars. That drove Bitcoin down to the low $50,000's.

Today, a bunch of twitter crypto dweebs & trolls are poking him about being a dick by wanting to pump DOGE, while not giving Bitcoin its rightful due. In turn, Elon makes a tweet about how BTC is not only harmful to the environment, but almost killed a bunch of poor, Chinese miners.

What was that for?!? The price of Bitcoin as I make this post: $43,930.

I might find Elon Musk a bit odd at times (no surprise since he has Asperger's), but he is still pretty fucking awesome with all of his amazing achievements and his view towards the future. People need to realize that money doesn't mean the same to him as it means for the rest of us. For most, losing $100 Million USD is a massive tragedy. For him, it's chump change (literally about .07% of his wealth).

"1"

Without government subsidies his car company wouldn't post a profit. Take a look at the cyber truck reveal.again. cringe.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 16, 2021, 02:19:46 PM
Quote from: Bindare_Dundat on May 16, 2021, 02:14:01 PM
Without government subsidies his car company wouldn't post a profit. Take a look at the cyber truck reveal.again. cringe.

But it's more than that right?

SpaceX, NeuroLink, Tesla, PayPal etc.. The guy has relationships with governments and NASA.

He's too deeply entrenched. Kind of too big to fail, at least at this moment in time. Jeff Bezos isn't even at his level.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 16, 2021, 02:28:46 PM
Quote from: Griffith on May 16, 2021, 01:01:48 PM
Bullrun over or just a correction?

Everyone is crazy bearish.

Everyone is certain it’s going into the 30s.

Everyone is certain they are buying the dip much lower than the price today.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 16, 2021, 02:30:53 PM
$ 44,598.66
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 16, 2021, 02:51:59 PM
Quote from: OneMoreRep on May 16, 2021, 02:19:46 PM
But it's more than that right?

SpaceX, NeuroLink, Tesla, PayPal etc.. The guy has relationships with governments and NASA.

He's too deeply entrenched. Kind of too big to fail, at least at this moment in time. Jeff Bezos isn't even at his level.

"1"

Yep, I’m with you in that.

I wouldn’t bet against the guy most likely to be the first to have his own planet lol.

Doesn’t mean I like seeing him burn innocent people in Doge but give the crypto market another 5yrs and it might be big enough to ease up on some of these pump and dumps.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 16, 2021, 03:13:03 PM
Quote from: Mayday on May 16, 2021, 02:28:46 PM
Everyone is crazy bearish.

Everyone is certain it’s going into the 30s.

Everyone is certain they are buying the dip much lower than the price today.

Guess it's blast off time soon
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 16, 2021, 03:24:07 PM
Quote from: OneMoreRep on May 16, 2021, 02:19:46 PM
But it's more than that right?

SpaceX, NeuroLink, Tesla, PayPal etc.. The guy has relationships with governments and NASA.

He's too deeply entrenched. Kind of too big to fail, at least at this moment in time. Jeff Bezos isn't even at his level.

"1"

Fair enough.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on May 16, 2021, 03:27:09 PM
What is causing BTC to crash right now?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 16, 2021, 03:29:40 PM
Quote from: Bindare_Dundat on May 16, 2021, 03:13:03 PM
Guess it's blast off time soon

Yup.

46k close in just over an hour.

That’s the bottom.

I took an ETH margin position at 3,380.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 16, 2021, 03:40:08 PM
Quote from: Mayday on May 16, 2021, 03:29:40 PM
Yup.

46k close in just over an hour.

That’s the bottom.

I took an ETH margin position at 3,380.

Right on brother.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 16, 2021, 03:44:17 PM
Rumor that Elon is going to dump Tesla's Bitcoin is going around Twitter.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 16, 2021, 03:56:00 PM
Quote from: OneMoreRep on May 16, 2021, 03:44:17 PM
Rumor that Elon is going to dump Tesla's Bitcoin is going around Twitter.

"1"

Good riddance.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 16, 2021, 04:06:59 PM
Quote from: OneMoreRep on May 16, 2021, 01:58:09 PM
This is what happens when people FUCK with Elon Musk. The guy is a modern day Lex Luthor (One of the world's smartest & richest man). Just the other day, he makes a post about not accepting Bitcoin in exchange for his Tesla cars. That drove Bitcoin down to the low $50,000's.

Today, a bunch of twitter crypto dweebs & trolls are poking him about being a dick by wanting to pump DOGE, while not giving Bitcoin its rightful due. In turn, Elon makes a tweet about how BTC is not only harmful to the environment, but almost killed a bunch of poor, Chinese miners.

What was that for?!? The price of Bitcoin as I make this post: $43,930.

I might find Elon Musk a bit odd at times (no surprise since he has Asperger's), but he is still pretty fucking awesome with all of his amazing achievements and his view towards the future. People need to realize that money doesn't mean the same to him as it means for the rest of us. For most, losing $100 Million USD is a massive tragedy. For him, it's chump change (literally about .07% of his wealth).

"1"

Right here shows me you are very new to this space. Wright, Ver, Jihan Wu ... each one who thought they were bigger than bitcoin has flounced out in rage-quits of indomitable style ... Musk's is shaping up to be epic.

musk doesn't know shit about bitcoin's architecture, as he's making plain with the demonstration of ignorance right now. Why doesn't he post some code on github (could even pay an army of chinese hackers to write it), he's so full of shit right now it's almost impressive to watch the flames shooting out his arse.

Elon couldnt give two shits about retards on twitter poking  fun at him.  I can tell you its the smarter people than him in btc space exposing him as a fool that creeps under his skin.

This is a lesson you will  learn moving forward.

1. BTC is bigger than any nefarious actor.
2. This is a prelude to watching your shitcoins dump much harder than btc in the next bear  cycle.

Edit: Im pretty pissed...atleast with Ver, wright I got free forked coins I could convert into BTC.  This debacle has left me with nothing but a cheaper buying price.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 16, 2021, 04:18:18 PM
Quote from: Theoak* on May 16, 2021, 04:06:59 PM
Right here shows me you are very new to this space. Wright, Ver, Jihan Wu ... each one who thought they were bigger than bitcoin has flounced out in rage-quits of indomitable style ... Musk's is shaping up to be epic.

musk doesn't know shit about bitcoin's architecture, as he's making plain with the demonstration of ignorance right now. Why doesn't he post some code on github (could even pay an army of chinese hackers to write it), he's so full of shit right now it's almost impressive to watch the flames shooting out his arse.

Elon couldnt give two shits about retards on twitter poking  fun at him.  I can tell you its the smarter people than him in btc space exposing him as a fool that creeps under his skin.

This is a lesson you will  learn moving forward.

1. BTC is bigger than any nefarious actor.
2. This is a prelude to watching your shitcoins dump much harder than btc in the next bear  cycle.

You're right. I'm very new to this space. I've made it clear in this thread multiple times that I've just entered cryptocurrencies during the last 6 months.

I've invested in many coins, Bitcoin included. What I haven't done is thrown more than 10% of my portfolio at cryptos.

What I don't agree with you is the notion that Bitcoin is bigger than "any" nefarious actor. Elon isn't "some" nefarious actor. I think he is the puppet master. Like others have said, this is his simulation and we're all just living in it. As big as bitcoin is to those that actively invest in crypto, don't forget that the TOTAL amount of circulating money in the world denominated in USD by way of Trillions is estimated to be at around $120 Trillion. If the crypto ecosystem only has about $2.1 Trillion, I think it's fair to say that the world and people like Elon Musk is WAY bigger than the entire crypto ecosystem.

Aside from cryptocurrencies, I also believe in the USA. While cryptocurrencies could be the way of the future when it comes to money, I'm not completely sure that decentralized digital currency will become the new money of tomorrow. There's a reason the USA is what it is on the world scale with its world reserve currency. While its made many mistakes, I still think the true master of masters is the USA. Even cryptos have a long way to go before claiming victory in this realm. Then there's also the issue of centralized banks and their own view of what cryptos could become and whether their own form of digital fed coins will become a reality.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 16, 2021, 04:30:30 PM
Quote from: pellius on May 16, 2021, 03:27:09 PM
What is causing BTC to crash right now?
People are idiots and selling because of a little FUD because of Elon's tweet about BTC not being energy inefficient.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 16, 2021, 04:36:13 PM
Quote from: OneMoreRep on May 16, 2021, 04:18:18 PM
You're right. I'm very new to this space. I've made it clear in this thread multiple times that I've just entered cryptocurrencies during the last 6 months.

I've invested in many coins, Bitcoin included. What I haven't done is thrown more than 10% of my portfolio at cryptos.

What I don't agree with you is the notion that Bitcoin is bigger than "any" nefarious actor. Elon isn't "some" nefarious actor. I think he is the puppet master. Like others have said, this is his simulation and we're all just living in it. As big as bitcoin is to those that actively invest in crypto, don't forget that the TOTAL amount of circulating money in the world denominated in USD by way of Trillions is estimated to be at around $120 Trillion. If the crypto ecosystem only has about $2.1 Trillion, I think it's fair to say that the world and people like Elon Musk is WAY bigger than the entire crypto ecosystem.

Aside from cryptocurrencies, I also believe in the USA. While cryptocurrencies could be the way of the future when it comes to money, I'm not completely sure that decentralized digital currency will become the new money of tomorrow. There's a reason the USA is what it is on the world scale with its world reserve currency. While its made many mistakes, I still think the true master of masters is the USA. Even cryptos have a long way to go before claiming victory in this realm. Then there's also the issue of centralized banks and their own view of what cryptos could become and whether their own form of digital fed coins will a reality.

"1"

You're  a smart guy, no doubt a numbers man.

21 million coins
18million mined
4 million lost forever
14 in circulation
2.8million on exchanges
Elon musk/Tesla holdings 35k btc

Safe to say he can shake the market, no way shape or form is he breaking it. Enjoy the ride, you'll  learn alot from it going into  the next halving 2024-2025.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 16, 2021, 04:38:03 PM
Quote from: Bindare_Dundat on May 16, 2021, 01:37:58 PM
Thanks Elon Musk.

His followers are sick for giving this lunatic the time of day.
People are idiots for selling because of his tweets. They only have themselves to blame. I have literally sold nothing the past week because of his tweets. Don't be his bitch.

I will admit thought that I buy when he tweets also because I know people are going to be drones and flock to stuff like Doge. For me it is an opportunity to make money. I guess I should have sold right after his tweet about BTC because of the opportunity to buy the dip and accumulate even more crypto.

Bottom line though is "Don't Panic."

I have heard rumors that Elon might be planning to setup a sustainable, energy efficient mining farm. This should be welcomed. I know Michael Saylor says a lot of energy is wasted anyway and of no benefit so Bitcoin is just consuming the wasted portion. But that's not how green freaks and governments are going to view it. So just beat them at their own game and build power plants that run off the sun, water, wind etc. Bitcoin billionaires should make it happen and it can benefit society. That will be a huge win for them.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 16, 2021, 04:39:32 PM
Would love to see Saylor debate Musk!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 16, 2021, 04:42:11 PM
Quote from: OneMoreRep on May 16, 2021, 04:18:18 PM
You're right. I'm very new to this space. I've made it clear in this thread multiple times that I've just entered cryptocurrencies during the last 6 months.

I've invested in many coins, Bitcoin included. What I haven't done is thrown more than 10% of my portfolio at cryptos.

What I don't agree with you is the notion that Bitcoin is bigger than "any" nefarious actor. Elon isn't "some" nefarious actor. I think he is the puppet master. Like others have said, this is his simulation and we're all just living in it. As big as bitcoin is to those that actively invest in crypto, don't forget that the TOTAL amount of circulating money in the world denominated in USD by way of Trillions is estimated to be at around $120 Trillion. If the crypto ecosystem only has about $2.1 Trillion, I think it's fair to say that the world and people like Elon Musk is WAY bigger than the entire crypto ecosystem.

Aside from cryptocurrencies, I also believe in the USA. While cryptocurrencies could be the way of the future when it comes to money, I'm not completely sure that decentralized digital currency will become the new money of tomorrow. There's a reason the USA is what it is on the world scale with its world reserve currency. While its made many mistakes, I still think the true master of masters is the USA. Even cryptos have a long way to go before claiming victory in this realm. Then there's also the issue of centralized banks and their own view of what cryptos could become and whether their own form of digital fed coins will become a reality.

"1"
Does that $120 trillion include derivatives? It's not real money. The entire world economy is a pyramid scheme that needs an influx of new suckers to keep it going.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on May 16, 2021, 04:42:44 PM
I loaded up.  Waiting for the Bitcoin pump over 100K.  I'mma be...................... . 

(https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fi.pinimg.com%2Foriginals%2F41%2F8b%2Fff%2F418bffbbbc1ccc320b71aec947b7e942.gif&f=1&nofb=1)

(https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fdata.whicdn.com%2Fimages%2F256634945%2Foriginal.gif&f=1&nofb=1)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 16, 2021, 04:47:58 PM
Quote from: Pray_4_War on May 16, 2021, 04:42:44 PM
I loaded up.  Waiting for the Bitcoin pump over 100K.  I'mma be...................... . 

(https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fi.pinimg.com%2Foriginals%2F41%2F8b%2Fff%2F418bffbbbc1ccc320b71aec947b7e942.gif&f=1&nofb=1)

(https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fdata.whicdn.com%2Fimages%2F256634945%2Foriginal.gif&f=1&nofb=1)
What movie is that from? The one with the joker looking character?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on May 16, 2021, 04:51:13 PM
Quote from: obsidian on May 16, 2021, 04:47:58 PM
What movie is that from? The one with the joker looking character?

Joker was from the first (shitty) Suicide Squad movie.

(https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fmedia.giphy.com%2Fmedia%2FU4Z0C5tm3rulq%2Fgiphy.gif&f=1&nofb=1)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 16, 2021, 04:59:18 PM
Quote from: Theoak* on May 16, 2021, 04:36:13 PM
You're  a smart guy, no doubt a numbers man.

You're very generous sir, thank you. I'm an accountant (CPA by trade), so in that respect, yes, I am a numbers man.

Smart guy? I'm just like everyone else. Ask me about the tax code and I'll seem like a genius. Debate me in economics and we'll have a lot of fun. Ask me about technical analysis for any stock and we'll have a blast. Ask me about a crap load of other subjects and I'll be a fish out of water.

Quote from: Theoak* on May 16, 2021, 04:36:13 PM
21 million coins
18million mined
4 million lost forever
14 in circulation
2.8million on exchanges
Elon musk/Tesla holdings 35k btc

Safe to say he can shake the market, no way shape or form is he breaking it. Enjoy the ride, you'll  learn alot from it going into  the next halving 2024-2025.

Frankly, I've entered the crypto ecosystem at a point in time where first-generation cryptocurrencies like Bitcoin that function via proof-of-work are becoming more and more obsolete by way of the direction in which the world is heading with regards to energy consumption.

Now you are having second and third-generation cryptocurrencies slowly saturating the space and like anything else, the old guard mainly being Bitcoin (The Godfather of cryptocurrencies - essentially the world Reserve currency of cryptocurrencies) is starting to show signs of wear and tear. Now you have proof of stake and proof of authority creeping into the system showing that first generation cryptos, like BTC, might essentially not fit into the world of tomorrow. We live in a society where this new liberal agenda is pushing towards a green new deal with a plan to reduce carbon emissions and to push for the welcoming of electric vehicles and manufacturing that is less polluting of our world. Even China, the world's leading powerhouse in trade, has a 5-year plan that seeks to also reduce pollutants and carbon emissions, while also digitalizing their Yuan.

What I've done is simply diversify my crypto portfolio as to not assume that what has worked yesterday will continue to work tomorrow. Bitcoin has made many of you wealthy. For that, I am happy. But like all wells, sooner or later the water runs dry. I seek to instead learn from the ongoing evolution of this space.

Like I've said before in this thread, I'm not placing all my hopes and dreams on Bitcoin. I'm instead looking at projects that can change the face of economies throughout continents. Bitcoin might have a role in all of this, but garner enough big and nefarious enemies like say Elon Musk, The US Federal Reserve, The US government, China, India and the Bank of England..... AND sooner or later the crypto ecosystem will find it hard to stay above water. Not saying it will happen that way for sure, but it could always go down that route.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 16, 2021, 07:00:46 PM
This drama around Elongate is pretty entertaining. Sure people are losing money, especially those that went long on the bitcoin price, but why even play that game.

Elon pumped bitcoin to a ridiculous ATH and now he's dumped it. Had he done nothing bitcoin would be probably be sitting around the 35k range. Price wise he's been good for bitcoin, but he's definitely hurt its reputation.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 16, 2021, 07:32:24 PM
Quote from: Bindare_Dundat on May 16, 2021, 03:40:08 PM
Right on brother.

Aaaaand I exited shortly after lol.

Looks like that 42k is inbound afterall.

I recall last time a similar thing happened even I started to ask myself if I just got caught caught by a top. The weekly was good so at least for now it’s ok even with a dip.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on May 16, 2021, 07:42:15 PM
I don't care if the BTC price tanks and it takes 4 years to get to the next bull market.  I'm not selling.  Bitcoin is here to stay and Elon's trolling isn't going to stop it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 16, 2021, 07:49:43 PM
Quote from: Mayday on May 16, 2021, 07:32:24 PM
Aaaaand I exited shortly after lol.

Looks like that 42k is inbound afterall.

I recall last time a similar thing happened even I started to ask myself if I just got caught caught by a top. The weekly was good so at least for now it’s ok even with a dip.

Thats part of the game man. My stop loss was hit as well. Went back into stable coin. It is what it is.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 16, 2021, 07:54:23 PM
Quote from: Pray_4_War on May 16, 2021, 07:42:15 PM
I don't care if the BTC price tanks and it takes 4 years to get to the next bull market.  I'm not selling.  Bitcoin is here to stay and Elon's trolling isn't going to stop it.

Agree - I'm in until next boom 2025.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 16, 2021, 07:56:40 PM
Quote from: OneMoreRep on May 16, 2021, 04:59:18 PM
You're very generous sir, thank you. I'm an accountant (CPA by trade), so in that respect, yes, I am a numbers man.

Smart guy? I'm just like everyone else. Ask me about the tax code and I'll seem like a genius. Debate me in economics and we'll have a lot of fun. Ask me about technical analysis for any stock and we'll have a blast. Ask me about a crap load of other subjects and I'll be a fish out of water.

Frankly, I've entered the crypto ecosystem at a point in time where first-generation cryptocurrencies like Bitcoin that function via proof-of-work are becoming more and more obsolete by way of the direction in which the world is heading with regards to energy consumption.

Now you are having second and third-generation cryptocurrencies slowly saturating the space and like anything else, the old guard mainly being Bitcoin (The Godfather of cryptocurrencies - essentially the world Reserve currency of cryptocurrencies) is starting to show signs of wear and tear. Now you have proof of stake and proof of authority creeping into the system showing that first generation cryptos, like BTC, might essentially not fit into the world of tomorrow. We live in a society where this new liberal agenda is pushing towards a green new deal with a plan to reduce carbon emissions and to push for the welcoming of electric vehicles and manufacturing that is less polluting of our world. Even China, the world's leading powerhouse in trade, has a 5-year plan that seeks to also reduce pollutants and carbon emissions, while also digitalizing their Yuan.

What I've done is simply diversify my crypto portfolio as to not assume that what has worked yesterday will continue to work tomorrow. Bitcoin has made many of you wealthy. For that, I am happy. But like all wells, sooner or later the water runs dry. I seek to instead learn from the ongoing evolution of this space.

Like I've said before in this thread, I'm not placing all my hopes and dreams on Bitcoin. I'm instead looking at projects that can change the face of economies throughout continents. Bitcoin might have a role in all of this, but garner enough big and nefarious enemies like say Elon Musk, The US Federal Reserve, The US government, China, India and the Bank of England..... AND sooner or later the crypto ecosystem will find it hard to stay above water. Not saying it will happen that way for sure, but it could always go down that route.

"1"

Economics and capitalism dictate that BTC will be mined almost entirely with renewable energy in the future. HODL and stack stats during dips and you will be fine.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on May 16, 2021, 08:01:53 PM
Quote from: Pray_4_War on May 16, 2021, 07:42:15 PM
I don't care if the BTC price tanks and it takes 4 years to get to the next bull market.  I'm not selling.  Bitcoin is here to stay and Elon's trolling isn't going to stop it.

Expect this shit. for a while. When the big boys bought in it became a hugely manipulated market. The super rich fucks are now having a swinging dick contest
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 16, 2021, 08:05:09 PM
Quote from: El Diablo Blanco on May 16, 2021, 08:01:53 PM
Expect this shit. for a while. When the big boys bought in it became a hugely manipulated market. The super rich fucks are now having a swinging dick contest

This. They poisoned the well.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 16, 2021, 08:05:28 PM
Musk's new business title = Chief Manipulator of coin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 16, 2021, 08:07:10 PM
Quote from: Bindare_Dundat on May 16, 2021, 08:05:09 PM
This. They poisoned the well.

I'm my view it was all those who bought alts "because they are cheaper" that poisoned it. (Which is why in every cycle, alts eventually get destroyed and market collectively reverts back to BTC).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 16, 2021, 08:07:46 PM
Quote from: gib on May 16, 2021, 07:56:40 PM
Economics and capitalism dictate that BTC will be mined almost entirely with renewable energy in the future. HODL and stack stats during dips and you will be fine.

But have you considered that more versatile forms of crypto with better utilization & scalability could possibly dethrone BitCoin?

Remember, I hold BTC + 6 other altcoins in my portfolio, so my interest is for it to succeed, but I am able to appreciate that better forms of crypto are being developed that could be more useful than BTC.

I know that for years, BTC has been the father of all cryptos, but why marry it? I know you're heavily vested in it and have upwards of 45+ BTC coins (which at the most recent ATH of $64K, would have already made you a millionaire, albeit to the tune of $2.3 Million after taxes, assuming you live in the USA). Since you're generously vested in BTC, what is your exit strategy assuming it doesn't live to its potential?

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 16, 2021, 08:09:19 PM
Quote from: OneMoreRep on May 16, 2021, 08:07:46 PM
But have you considered that more versatile forms of crypto with better utilization & scalability could possibly dethrone BitCoin?

Remember, I hold BTC + 6 other altcoins in my portfolio, so my interest is for it to succeed, but I am able to appreciate that better forms of crypto are being developed that could be more useful than BTC.

I know that for years, BTC has been the father of all cryptos, but why marry it? I know you're heavily vested in it and have upwards of 45+ BTC coins (which at the most recent ATH of $64K, would have already made you a millionaire, albeit to the tune of $2.3 Million after taxes, assuming you live in the USA). Since you're generously vested in BTC, what is your exit strategy assuming it doesn't live to its potential?

"1"

He said he would hold it to zero.

And you are right,  thats why I told people to take profits. You never know. You can always buy back in if it really will fly to the moon.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 16, 2021, 08:14:45 PM
Quote from: gib on May 16, 2021, 08:07:10 PM
I'm my view it was all those who bought alts "because they are cheaper" that poisoned it. (Which is why in every cycle, alts eventually get destroyed and market collectively reverts back to BTC).

Can you please lease elaborate how buying ethereum poisoned the well for bitcoin other than because they are cheaper. Or is that the only reason?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 16, 2021, 08:17:48 PM
Quote from: OneMoreRep on May 16, 2021, 08:07:46 PM
But have you considered that more versatile forms of crypto with better utilization & scalability could possibly dethrone BitCoin?

Remember, I hold BTC + 6 other altcoins in my portfolio, so my interest is for it to succeed, but I am able to appreciate that better forms of crypto are being developed that could be more useful than BTC.

I know that for years, BTC has been the father of all cryptos, but why marry it? I know you're heavily vested in it and have upwards of 45+ BTC coins (which at the most recent ATH of $64K, would have already made you a millionaire, albeit to the tune of $2.3 Million after taxes, assuming you live in the USA). Since you're generously vested in BTC, what is your exit strategy assuming it doesn't live to its potential?

"1"

Very hard to dethrone in my view. No new coin can every claim to be the "original Bitcoin". BTC has BY FAR, the biggest and broadest adoption, infrastructure, and most important developers and related contributors. In 10, 20 years BTC will still be (and always will be) the original and classic blockchain currency.

In terms of any successor, its almost possible to predict among the alts (even though many may think they can do so).

*In terms of taxes, I pay zero (as I have structured my tax residence in a zero tax on capital gains / foreign income jurisdiction).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 16, 2021, 08:21:14 PM
Quote from: Bindare_Dundat on May 16, 2021, 08:14:45 PM
Can you please lease elaborate how buying ethereum poisoned the well for bitcoin other than because they are cheaper. Or is that the only reason?

Any alt constitutes a dilution of BTC. Its best for BTC if we are all maximalists. (The opposite extreme would be that we have an infinite number of new coins, all with virtually zero value)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on May 16, 2021, 08:21:38 PM
Musk - one of the founders of Paypal - continues his destruction of BTC. Cryptocultists getting butthurt.

In my opinion...time to start thinking about when TSLA announced they were buying BTC as a top, generated by one of the richest people in the world to make probably hundreds of millions.


(https://cms.zerohedge.com/s3/files/inline-images/sad_2.png?itok=9KWGRWmj)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 16, 2021, 08:41:20 PM
Quote from: gib on May 16, 2021, 08:07:10 PM
I'm my view it was all those who bought alts "because they are cheaper" that poisoned it. (Which is why in every cycle, alts eventually get destroyed and market collectively reverts back to BTC).

Bitcoin would still be fighting to break 10k if the alt/get rich quick money didn't funnel it's way back to the top.

Bitcoin for now the infinite pyramid glitch.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 16, 2021, 08:42:34 PM
Quote from: SOMEPARTS on May 16, 2021, 08:21:38 PM
Musk - one of the founders of Paypal - continues his destruction of BTC. Cryptocultists getting butthurt.

In my opinion...time to start thinking about when TSLA announced they were buying BTC as a top, generated by one of the richest people in the world to make probably hundreds of millions.


(https://cms.zerohedge.com/s3/files/inline-images/sad_2.png?itok=9KWGRWmj)

He got the booted from PayPal because he's a social tard.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 16, 2021, 08:55:16 PM
Quote from: Bindare_Dundat on May 16, 2021, 08:42:34 PM
He got the booted from PayPal because he's a social tard.

And look where he is now vs paypal. I'd rather him on my side than as opposition. That said it's time to take a mini break from crypto shitfest he's created and put my money into something more sensible like GME and AMC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 16, 2021, 09:02:39 PM
Mass carnage today. God damn. Am I still being a drama queen? Lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 16, 2021, 09:05:21 PM
Quote from: Flexacon on May 16, 2021, 08:55:16 PM
And look where he is now vs paypal. I'd rather him on my side than as opposition. That said it's time to take a mini break from crypto shitfest he's created and put my money into something more sensible like GME and AMC.

That still doesn't make him any less a social tard.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 16, 2021, 09:12:46 PM
Quote from: Bindare_Dundat on May 16, 2021, 09:02:39 PM
Mass carnage today. God damn. Am I still being a drama queen? Lol
Yes you are. Take a deep breath. This is why it is sometimes better to just hodl and not trade. Or dollar cost average into crypto.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 16, 2021, 09:15:26 PM
Great great show by Bitboy. He has really built an awesome channel (over 1 million subscribers now) and the new format of "Around the Blockchain" and now bringing on the Token Metrics guys side by side with him is just fantastic. None of them are wearing masks either and sitting shoulder to shoulder. LOL!

Onemorerep has been talking about Polygon and it looks like a smart move to get into that.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 16, 2021, 09:17:13 PM
Quote from: gib on May 16, 2021, 08:21:14 PM
Any alt constitutes a dilution of BTC. Its best for BTC if we are all maximalists. (The opposite extreme would be that we have an infinite number of new coins, all with virtually zero value)
Yes that is a point Saylor also made. Miners will have an incentive to lower their operating costs by going green.

Hopefully Bitcoin will recover soon. Not going to lie I do like Ethereum gaining on BTC but part of that reason is I want to get BTC for a bargain. I will load up on BTC once it looks like the ETH to BTC ratio has stalled out.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 16, 2021, 09:26:27 PM
Quote from: SOMEPARTS on May 16, 2021, 08:21:38 PM
Musk - one of the founders of Paypal - continues his destruction of BTC. Cryptocultists getting butthurt.

In my opinion...time to start thinking about when TSLA announced they were buying BTC as a top, generated by one of the richest people in the world to make probably hundreds of millions.


(https://cms.zerohedge.com/s3/files/inline-images/sad_2.png?itok=9KWGRWmj)
His net worth went down $30 billion overnight in February. Making hundreds of millions for someone at his level is meaningless. They aim for tens of billions in gains not hundreds of millions.

https://www.thewrap.com/how-elon-musk-lost-30-billion-overnight-and-the-title-of-worlds-richest-man/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on May 16, 2021, 09:30:17 PM
Quote from: gib on May 16, 2021, 08:17:48 PM
Very hard to dethrone in my view.

bitcoin is like a material constituent (blockchain) constructing the throne upon which diem is seated and will operate.

the goal has always been the creation of a blockchain infrastructure – by which humanity may b imprisoned.

tards will tard.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 16, 2021, 11:26:01 PM
Quote from: Zillotch on May 16, 2021, 09:30:17 PM
bitcoin is like a material constituent (blockchain) constructing the throne upon which diem is seated and will operate.

the goal has always been the creation of a blockchain infrastructure – by which humanity may b imprisoned.

tards will tard.

Why such a negative view?

If Diem gets off the ground it dethrones the USD for international trade (because the USD weighting will be closer to 20% instead of 100%) and as a result provides 3rd world countries the opportunity for their local currency to hold value for investment in development.

The potential for a country like India is massive and that will result in derisking China.


You too easily forget the bond market is dying and the the forex market is dying. 2 of the largest and most liquid markets are in a spiral of redundancy. Where do you think the 200T in capital in those markets goes? It doesn’t vanish dude. We are seeing the crypto market grow and such capital away from these other markets and it has the ability to become the new financial market.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 17, 2021, 12:05:48 AM
Quote from: SOMEPARTS on May 16, 2021, 08:21:38 PM
Musk - one of the founders of Paypal - continues his destruction of BTC. Cryptocultists getting butthurt.

In my opinion...time to start thinking about when TSLA announced they were buying BTC as a top, generated by one of the richest people in the world to make probably hundreds of millions.

Maxis on Twitter have gone full retard.

They are on there fighting with the guy who invented PayPal, the worlds most disruptive payment system, telling him he doesn’t know anything about crypto or money.

Maxis abused the shit out of Raoul Pal when he refused to do laser eyes.


The guy has 130B. You know what he could do?

The bullrun ends and Elon waits for the bottom at which point Doge is worth fuck all again. He then crashes BTC, buys up a fuckload of Doge for a few hundred million play money and HODLs so much of the supply that any incoming buyers make the price skyrocket faster than BTC could dream of.

The BTC argument of a store of value ends up being laughed out the door as 95% of Doge is permanently HODL’d by the guy the maxis pissed off.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on May 17, 2021, 12:50:30 AM
I'm no big investor and most of this is over my head. I do own a few thousand in BTC but don't really pay attention to it much. I do think it will recover from this crash. I saw that it was gone done to $43,000 then I notice it was slowly starting to creep back up. I figure this might be a good time to buy. Buy when the price is low and it's slowly climbing. So I watch for a while and see that it's still steadily climbing. So I throw in another thousand and the very moment that I do, literally the exact moment, the price starts falling.

It seems so much of this is just pure luck in timing. It's real estate that's the real money maker.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 17, 2021, 02:05:50 AM
If you like charts then look at this. It's a Wyckoff cycle and it fits the past 5 months for BTC perfectly. We are at the 2/3rds point with one more possible price spike left and then it's a rapid drop down. The 30K price someone mentioned would be the bottoms of the cycle.

(https://www.perfecttrendsystem.com/images/howToSpot/Wyckoff_MarkUpDown.png)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 17, 2021, 03:01:09 AM
Quote from: Flexacon on May 17, 2021, 02:05:50 AM
If you like charts then look at this. It's a Wyckoff cycle and it fits the past 5 months for BTC perfectly. We are at the 2/3rds point with one more possible price spike left and then it's a rapid drop down. The 30K price someone mentioned would be the bottoms of the cycle.

(https://www.perfecttrendsystem.com/images/howToSpot/Wyckoff_MarkUpDown.png)

Bro, that is shit.

There are plenty of better things out there.

The top apparently is around the 25th September. However seasonality has always been the key influence. We are trending early. I know people are looking at charts saying we are halfway but to my brain all I see is early.....

Hence I am of the feeling June/July could likely as it contains seasonality and I am super nervous about this bullrun.  You think December which makes sense but I worry it’s to predictable as 99% think December. We can’t all win remember?

55k is a key indication that the NEXT BEARMARKET BOTTOM will be around this point. It also gives weight to a 200k top as a 55k retracement roughly 75% pullback makes sense.


**Edit as I forgot to make the 55k in reference to the bearmarket bottom following this bullrun. Oops.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 17, 2021, 04:25:47 AM
Quote from: Mayday on May 17, 2021, 03:01:09 AM
Bro, that is shit.

There are plenty of better things out there.

The top apparently is around the 25th September. However seasonality has always been the key influence. We are trending early. I know people are looking at charts saying we are halfway but to my brain all I see is early.....

Hence I am of the feeling June/July could likely as it contains seasonality and I am super nervous about this bullrun.  You think December which makes sense but I worry it’s to predictable as 99% think December. We can’t all win remember?

55k is a key indication that the bottom will be around this point. It also gives weight to a 200k top as a 55k retracement roughly 75% pullback makes sense.

That's not predicting a top, just the Jan to July months of this year.

I'm actually leaning away from a December peak and it may well be late September. But I don't think that that will be the end of the cycle. People are getting better at hodling and we're seeing far more tribalism for different coins. The funnelling to bitcoin may well take longer and we could get a second higher peak in late 2022 

If bitcoin only peaks at around 90K in later this year then I'll be very bullish on my prediction. That may also signal the end for the stock to flow model for bitcoin. One step at a time though. For now a 30k bitcoin in late June.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 17, 2021, 05:00:05 AM
Can't wait for something like eip1559 to be delayed. Oh man. The pain will be all too real.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 17, 2021, 05:46:46 AM
(https://school.stockcharts.com/lib/exe/fetch.php?media=market_analysis:the_wyckoff_method:wyckoffdistribution1.png)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 17, 2021, 08:34:14 AM
Quote from: gib on May 16, 2021, 08:07:10 PM
I'm my view it was all those who bought alts "because they are cheaper" that poisoned it. (Which is why in every cycle, alts eventually get destroyed and market collectively reverts back to BTC).

looks like the community is still sucking elons dick and are putting the blame solely on bitcoin maxis for chasing Muskrat away.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on May 17, 2021, 08:59:40 AM
Elon and his bullshit don't change the reality that the Fed is printing infinite US dollars and robbing purchasing power from Americans.  It doesn't change the fact that people worldwide want decentralized finance and a way to create and preserve wealth.  Bitcoin isn't going anywhere.  The price is being manipulated and all that does is fuck over the little guy who is less savvy and prone to panic sell.  I'm not selling, I'm buying.  This is a 5 to 10 year play for me..........at least.  Elon Musk does not make the market.  What's going on with the Bitoin price goes way beyond one rich dude that has a lot of influence.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on May 17, 2021, 10:21:41 AM
Quote from: Theoak* on May 16, 2021, 04:36:13 PM
You're  a smart guy, no doubt a numbers man.

21 million coins
18million mined
4 million lost forever
14 in circulation
2.8million on exchanges
Elon musk/Tesla holdings 35k btc

Safe to say he can shake the market, no way shape or form is he breaking it. Enjoy the ride, you'll  learn alot from it going into  the next halving 2024-2025.

This.

Elon or any other uber important billionaire can stomp their feet and create all the FUD in the world but this does NOTHING to change the fundamentals of Bitcoin which got it to this point. Not a damn thing.

Long term, Bitcoin is, as some others have put it, The Apex Predator. It eats EVERYTHING.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on May 17, 2021, 10:26:05 AM
Hope everyone know that gib sold everything for 10000000% return at exactly 64,789.27

but only if it doesn't go above that.. then gib never sold anything
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 17, 2021, 10:50:59 AM
Quote from: Flexacon on May 17, 2021, 02:05:50 AM


(https://www.perfecttrendsystem.com/images/howToSpot/Wyckoff_MarkUpDown.png)

This chart is getting tossed around the interwebs more than a cheap whore today. I bet 99% don't even have a clue what it means.  Ok I'm all in now. Thanks youtube guy
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 17, 2021, 11:52:01 AM
Quote from: Bindare_Dundat on May 17, 2021, 10:50:59 AM
This chart is getting tossed around the interwebs more than a cheap whore today. I bet 99% don't even have a clue what it means.  Ok I'm all in now. Thanks youtube guy

The one Griffith posted is the one doing the rounds on interwebs.

The one I posted actually explains the cycle and fits with what I've been saying for a while now. That there would be a early summer correction and sideways movement before the market takes off again.

Musk has accelerated the timeline though and it will probably cause an extra 10k price drop in BTC and 1.5k in eth
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 17, 2021, 01:00:31 PM
Quote from: Flexacon on May 17, 2021, 11:52:01 AM
The one Griffith posted is the one doing the rounds on interwebs.

The one I posted actually explains the cycle and fits with what I've been saying for a while now. That there would be a early summer correction and sideways movement before the market takes off again.

Musk has accelerated the timeline though and it will probably cause an extra 10k price drop in BTC and 1.5k in eth

On what timeline do you see that happening?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on May 17, 2021, 01:31:06 PM
Quote from: TheGrinch on May 17, 2021, 10:26:05 AM
Hope everyone know that gib sold everything for 10000000% return at exactly 64,789.27

but only if it doesn't go above that.. then gib never sold anything


Beautiful post of peace.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on May 17, 2021, 01:34:32 PM
Quote from: TheGrinch on May 17, 2021, 10:26:05 AM
Hope everyone know that gib sold everything for 10000000% return at exactly 64,789.27

but only if it doesn't go above that.. then gib never sold anything

LMAO

A lotta "virtual millionaires" will be on suicide watch a few weeks from now :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 17, 2021, 01:51:28 PM
Quote from: Griffith on May 17, 2021, 01:00:31 PM
On what timeline do you see that happening?

I originally had BTC heading to 60K plus and ETH at 5K by the end of May. June and July corrections to 40K and 3.5K, sideways movement, followed by ALH peaks in December.

The timeline for an extra 10K and 1.5K drop is more a point of perspective. Either it has already happened  because Musk has tanked the market, or it will happen in June/July as BTC and ETH aren't starting summer corrections from ALH because of Musk. Basically I see the summer lows as 30K and 2K now.

BTC and ETH will bounce back, but I've changed my mind on the December peak and see it happening earlier now and not being as high. Musk has caused paper hands and this will pretty much kill the alt season cycle that was brewing up, so now we won't get that extra injection of alt money funnelling its way up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 17, 2021, 02:07:45 PM
In a pump and dump much of the distribution takes place after the top. RIOT Blockchain: I’ll bet a lot of people bought the pullback in the 40 to 60 range hoping to see new highs which never materialized and now they’re holding the bag:





Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on May 17, 2021, 02:14:10 PM
Quote from: Thin Lizzy on May 17, 2021, 02:07:45 PM
In a pump and dump much of the distribution takes place after the top. RIOT Blockchain: I’ll bet a lot of people bought the pullback in the 40 to 60 range hoping to see new highs which never materialized and now they’re holding the bag:

Who is to say it won't go back up to 60, then 80, 100, etc.?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 17, 2021, 02:29:08 PM
Quote from: loco on May 17, 2021, 02:14:10 PM
Who is to say it won't go back up to 60, then 80, 100, etc.?

Not impossible. I wouldn’t bet on it. It’s 75% off it’s high. That’s not a pullback. It’s a crash.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 17, 2021, 02:52:01 PM
Bitcoin short term, some sideway action. then potential continued drop to 38k-40k, if we break 42k
Ethereum drop to around 2800 area. 


if it does ill be going all in.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on May 17, 2021, 03:13:57 PM
Quote from: Thin Lizzy on May 17, 2021, 02:29:08 PM
Not impossible. I wouldn’t bet on it. It’s 75% off it’s high. That’s not a pullback. It’s a crash.

Even after a 75% drop, it's still relatively high compared to what it was in very recent times.  The higher it goes, the bigger the drops will be.  BTC has never been exactly stable.  Maybe Bitcoin is about to hit $5,000 per coin tomorrow and never recover, or maybe it will go to $100K and beyond.  We don't know.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 17, 2021, 03:41:28 PM
Quote from: Pray_4_War on May 17, 2021, 08:59:40 AM
Elon and his bullshit don't change the reality that the Fed is printing infinite US dollars and robbing purchasing power from Americans.  It doesn't change the fact that people worldwide want decentralized finance and a way to create and preserve wealth.  Bitcoin isn't going anywhere.  The price is being manipulated and all that does is fuck over the little guy who is less savvy and prone to panic sell.  I'm not selling, I'm buying.  This is a 5 to 10 year play for me..........at least.  Elon Musk does not make the market.  What's going on with the Bitoin price goes way beyond one rich dude that has a lot of influence.
Yes, however there is another angle. Interest rates could be raised as inflation goes up. Higher interest rates will make it more attractive for people to keep money in traditional finance that offer higher rates.

Lots of gems dropped by Ivan here! Good video. He brings a different angle that the other youtubers are not always looking at.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 17, 2021, 03:44:58 PM
Quote from: obsidian on May 17, 2021, 03:41:28 PM
Yes, however there is another angle. Interest rates could be raised as inflation goes up. Higher interest rates will make it more attractive for people to keep money in traditional finance that offer higher rates.

Lots of gems dropped by Ivan here! Good video. He brings a different angle that the other youtubers are not always looking at.



I like his new delivery. The old hype crap, let's go go,go,go,go, was annoying.  Hes matured alot. Has some funny lines too.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 17, 2021, 03:53:10 PM
Quote from: Bindare_Dundat on May 17, 2021, 03:44:58 PM
I like his new delivery. The old hype crap, let's go go,go,go,go, was annoying.  Hes matured alot. Has some funny lines too.
Lol yes he can be hilarious. In one video he says +/- this: "Guys let's face it we are all duuudes. Ladies you are welcome to join but we are all duuddes in crypto!".

And in this latest video around 4:40: "Elon, small Papa. S&P 500 - the big Papa".
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on May 17, 2021, 03:56:35 PM
Calling Mr Anabolic
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 17, 2021, 04:23:18 PM
Quote from: a_pupil on May 17, 2021, 03:56:35 PM
Calling Mr Anabolic

..no not yet
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 17, 2021, 06:34:21 PM
I am going to give Charles Hoskinson more benefit. Apparently he gave all his Ethereum to his secretary when he left that project (or was kicked out). Classy move!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on May 17, 2021, 10:30:44 PM
Quote from: Thin Lizzy on May 17, 2021, 02:07:45 PM
In a pump and dump much of the distribution takes place after the top. RIOT Blockchain: I’ll bet a lot of people bought the pullback in the 40 to 60 range hoping to see new highs which never materialized and now they’re holding the bag:

These sorts of posts remind me of Johnny or Ponyboy from The Outsiders out there in the park searching for cigarette butts to get a drag or two out of.

Why waste your time on such garbage?

Buy the finest racehorse out there and simply ride it for years to come.

Bitcoin is Secretariat.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on May 17, 2021, 10:37:32 PM
Quote from: affeman on May 17, 2021, 01:34:32 PM
LMAO

A lotta "virtual millionaires" will be on suicide watch a few weeks from now :D

In a few weeks you will have slithered back under the rock from whence you came from(with the rest of the Bitcoin haters following right behind you).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 17, 2021, 10:53:12 PM
Quote from: polychronopolous on May 17, 2021, 10:37:32 PM
In a few weeks you will have slithered back under the rock from whence you came from(with the rest of the Bitcoin haters following right behind you).

Lol - funny how those "non-coiners" come out on every dip. LOL
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 17, 2021, 10:58:03 PM
BTC has defeated every single FUD thrown at it. (Recall all the idiotic comments made by Mr Anabolic back in the day when we started this thread).

The last FUD remaining they now are trying to use is "energy consumption". That one will be easily defeated over time, as economics dictate dirty energy will not be able to compete wil unlimited power of solar energy.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 17, 2021, 11:59:15 PM
Quote from: obsidian on May 17, 2021, 03:41:28 PM
Yes, however there is another angle. Interest rates could be raised as inflation goes up. Higher interest rates will make it more attractive for people to keep money in traditional finance that offer higher rates.

US Fed advised they are holding rates until 2025 and have been open about the inflation level they are targeting.

We don't have any risk of rates increasing in the short term and it is controlled via the bond market.

Quote from: gib on May 17, 2021, 10:58:03 PM
BTC has defeated every single FUD thrown at it. (Recall all the idiotic comments made by Mr Anabolic back in the day when we started this thread).

The last FUD remaining they now are trying to use is "energy consumption". That one will be easily defeated over time, as economics dictate dirty energy will not be able to compete wil unlimited power of solar energy.

Yep.

If you went on a holiday for 2 weeks and didn't look at your phone until you came back, you'd never know there was a crash.

We are in a bullrun.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 18, 2021, 02:58:55 AM
Just a heads up, I've been pushing $MATIC for a few weeks.

I bought it at around $0.80 less than a week ago. It's now at about $2.15.

Look into it and let me know what you guys think.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on May 18, 2021, 04:56:01 AM
MATIC and ADA FTW.
Like DOT, they will go over 30$
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 18, 2021, 08:21:50 AM
Quote from: French on May 18, 2021, 04:56:01 AM
MATIC and ADA FTW.
Like DOT, they will go over 30$

yup
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 18, 2021, 11:41:35 AM
Quote from: French on May 18, 2021, 04:56:01 AM
MATIC and ADA FTW.
Like DOT, they will go over 30$

Both good cryptos, but No.

Ada at over $30 would give it a bigger market cap than bitcoin. Just getting to $10 would be huge.

Matic is far more limited.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 18, 2021, 12:15:31 PM
$42,694.63
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 18, 2021, 12:57:34 PM
Quote from: Flexacon on May 18, 2021, 11:41:35 AM
Both good cryptos, but No.

Ada at over $30 would give it a bigger market cap than bitcoin. Just getting to $10 would be huge.

Matic is far more limited.

I think ADA will break $30 for sure, but it will take time.

Brother, we know Bitcoin is the benchmark, but your estimate is assuming the crypto ecosystem will never break the $2 Trillion+ mark.

A few posts back, I even mentioned that based on ADAs circulating supply and current price based on its market cap, IF pegged off of Bitcoin will at its BEST see between $30-$32. That said, with the speed in which inflation could hit and with a loss of faith in the USD, I think we can see a massive influx of both institutional and retail money into the crypto ecosystem. If that happens, just like Bitboy mentioned in his most recent video discussing ADA, we could see a $50-$100 ADA. I agree with him on that. Cardano is aiming to incorporate itself with the entire continent of Africa. I look at it as a long game and I think it's one of the few altcoins (now becoming more like a stable coin) that could reach those heights. I don't ever think it will reach BTC or ETH levels, as its circulating supply is way too high, but it can certainly break $30-$35 in the next 2-5 years and upwards of that in the 5-10 year frame mark.

If you figure it otherwise, let me know your rationale.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 18, 2021, 01:59:34 PM
MATIC is in overheated territory, just be careful if you want to YOLO in now as that RSI never lives long above 95 on the weekly.


Early this morning I got a strong buy signal triggered for ETH and many of the alts. These signals show up rarely and are at the bottom prior to a large upswing. YOLO ETH!!!

This is where Obsidian overtakes gib as the resident crypto overlord  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 18, 2021, 02:27:11 PM
Quote from: OneMoreRep on May 18, 2021, 12:57:34 PM
I think ADA will break $30 for sure, but it will take time.

Brother, we know Bitcoin is the benchmark, but your estimate is assuming the crypto ecosystem will never break the $2 Trillion+ mark.

A few posts back, I even mentioned that based on ADAs circulating supply and current price based on its market cap, IF pegged off of Bitcoin will at its BEST see between $30-$32. That said, with the speed in which inflation could hit and with a loss of faith in the USD, I think we can see a massive influx of both institutional and retail money into the crypto ecosystem. If that happens, just like Bitboy mentioned in his most recent video discussing ADA, we could see a $50-$100 ADA. I agree with him on that. Cardano is aiming to incorporate itself with the entire continent of Africa. I look at it as a long game and I think it's one of the few altcoins (now becoming more like a stable coin) that could reach those heights. I don't ever think it will reach BTC or ETH levels, as its circulating supply is way too high, but it can certainly break $30-$35 in the next 2-5 years and upwards of that in the 5-10 year frame mark.

If you figure it otherwise, let me know your rationale.

"1"

DOT went from $2 to $30 in less than 6 months. For ADA to do the same thing in 6 months without the rest of the market moving would give us a $3trillion market cap.

Let's say we get x15 ADA from here and the rest of the coins only x2. That's a market cap of $5T. If the rest of coins x3, market cap of $7T.

For ADA to get to $30 the rest of the market needs to stay in a slump for all of 2021 and it needs an influx of mega money. I don't see that happening and that's basically my rationale.

Also the ATH ADA/bitcoin value was near the initial coin offering of ADA and that's when it's most susceptible to hype and movement doesn't require a lot of money. If ever that value was gonna be skewed, it's then.

Don't get too caught up in this phenomenon of how well an altcoin is pumping when bitcoin is in a slump. It's is nothing new and it's  been part of the cycle for years now. It nearly always corrects itself and it's why I've been saying the money will funnel up to the top coins in every other post. Do however enjoy the gains.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on May 18, 2021, 03:03:01 PM
MicroStrategy buys the dip, acquires $10M in Bitcoin

Business intelligence firm MicroStrategy has scooped up another $10 million worth of Bitcoin (BTC), signaling the company’s relentless conviction in the digital asset amid the latest price collapse.

The cash amount earned MicroStrategy 229 BTC at an average price of $43,663, the company confirmed Tuesday in a Form 8-K filing with the United States Securities and Exchange Commission. The acquisition came just five days after the business intelligence firm purchased 271 BTC for an average price of $55,387.

CEO Michael Saylor, an outspoken supporter of Bitcoin, also disclosed the purchase on Twitter.

MicroStrategy has been accumulating BTC since last summer, even going as far as raising debt to finance additional purchases. The company now has 92,079 BTC on its books, which is equivalent to $2.251 billion at the time of publication.

In terms of corporate whales, no other publicly traded company comes close to matching MicroStrategy’s BTC play. The company owns 4.38% of Bitcoin’s total circulating supply, according to the latest industry figures.

The price of Bitcoin has corrected nearly 23% over the past seven days, bringing its value back to around $43,000. The leading digital currency has been under pressure from a confluence of negative headlines and technical indicators suggesting that it may have hit a local top of $64,000 last month.

Despite the recent volatility, institutions have upped their BTC purchases over the past 30 days. Data from Bitcoin Treasuries shows that institutions have accumulated 215,000 BTC over the period, highlighting a growing conviction from the so-called "smart money" class.

As Cointelegraph recently reported, the recent outflows of BTC on Coinbase also suggest that investors are willing to hold the digital asset for longer periods.

https://cointelegraph.com/news/microstrategy-buys-the-dip-acquires-10m-in-bitcoin
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 18, 2021, 04:46:32 PM
Right now for any noobs looking at crypto, why would they buy BTC?

<Keeping in mind this alt run will be short lived>

I’m not sure what will mentally damage btc maxis more, a somewhat harmless Elon tweet or that new people will enter and make eye watering gains on alts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on May 18, 2021, 05:18:49 PM
Quote from: Mayday on May 18, 2021, 04:46:32 PM
Right now for any noobs looking at crypto, why would they buy BTC?

<Keeping in mind this alt run will be short lived>

I’m not sure what will mentally damage btc maxis more, a somewhat harmless Elon tweet or that new people will enter and make eye watering gains on alts.

So, life savings into Tron??

I heard some really awesome things about EOS.

"Life changing returns" from IOTA?

If you are a Bitcoin maxi at this point you have spent hundreds of hours learning about and ultimately understanding the asset that you own and likely have been accumulating at a very small fraction of the current price.

Do you REALLY believe the people that I described in the above paragraph are feeling some type of way over some noobs who jumped in 6 months ago and believe themselves to be experts because they watch a few BitBoy videos?

I feel the same way about these noobs as I do some unsuspecting fool who is stepping into the ring against a 1987 Mike Tyson. They just end up getting unbelievably damaged in the end.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 18, 2021, 06:17:05 PM
Think we're about the break 42k support. If we brake 38k, its over until the next halving.imo
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 18, 2021, 06:39:08 PM
Quote from: Bindare_Dundat on May 18, 2021, 06:17:05 PM
Think we're about the break 42k support. If we brake 38k, its over until the next halving.imo

Yep....how about we all meet back here in 4 years time? Sound good.....or we can wait until june/july to make a call.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 18, 2021, 07:00:48 PM
Quote from: Theoak* on May 18, 2021, 06:39:08 PM
Yep....how about we all meet back here in 4 years time? Sound good.....or we can wait until june/july to make a call.

Doesn't matter to me either way. I took my original captial out and took profits on the way up. Whatever other profits  I'm loosing here  now will stay till next cycle if need be.

Of course I'd like to see things continue to the upside.....will see. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 18, 2021, 09:09:29 PM
The ultimate buy signal is when this thread ever falls to page 2 of GetBig... :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 18, 2021, 09:15:13 PM
Quote from: gib on May 18, 2021, 09:09:29 PM
The ultimate buy signal is when this thread ever falls to page 2 of GetBig... :)

What price did you sell it?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 18, 2021, 09:19:07 PM
Quote from: polychronopolous on May 18, 2021, 03:03:01 PM
MicroStrategy buys the dip, acquires $10M in Bitcoin

Business intelligence firm MicroStrategy has scooped up another $10 million worth of Bitcoin (BTC), signaling the company’s relentless conviction in the digital asset amid the latest price collapse.

The cash amount earned MicroStrategy 229 BTC at an average price of $43,663, the company confirmed Tuesday in a Form 8-K filing with the United States Securities and Exchange Commission. The acquisition came just five days after the business intelligence firm purchased 271 BTC for an average price of $55,387.

CEO Michael Saylor, an outspoken supporter of Bitcoin, also disclosed the purchase on Twitter.

Saylor is throwing his money around right now like a degenerate gambler chasing loses.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 18, 2021, 10:33:15 PM
Don't think we've seen the bottom yet.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 18, 2021, 11:23:03 PM
Quote from: Bindare_Dundat on May 18, 2021, 06:17:05 PM
Think we're about the break 42k support. If we brake 38k, its over until the next halving.imo

29k incoming..... 

I have several subscriptions to quants and top accounts and I can tell you guys this move has blown all of their metrics and analysis apart. They had no idea this was coming and I’ll be canceling 2 of those subscriptions.

I have shown myself to be absolutely fucking useless with short term targets, the ultimate irony was my initial ETH for June was 5k based on a 38k BTC and I told myself that must be wrong because we were still trending upwards. Oh the irony lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 19, 2021, 12:24:53 AM
Quote from: Mayday on May 18, 2021, 11:23:03 PM
29k incoming..... 

I have several subscriptions to quants and top accounts and I can tell you guys this move has blown all of their metrics and analysis apart. They had no idea this was coming and I’ll be canceling 2 of those subscriptions.

I have shown myself to be absolutely fucking useless with short term targets, the ultimate irony was my initial ETH for June was 5k based on a 38k BTC and I told myself that must be wrong because we were still trending upwards. Oh the irony lol.

Yes, I don't think this is the bottom yet either.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 19, 2021, 01:12:27 AM
Quote from: Mayday on May 18, 2021, 11:23:03 PM
29k incoming..... 

I have several subscriptions to quants and top accounts and I can tell you guys this move has blown all of their metrics and analysis apart. They had no idea this was coming and I’ll be canceling 2 of those subscriptions.

I have shown myself to be absolutely fucking useless with short term targets, the ultimate irony was my initial ETH for June was 5k based on a 38k BTC and I told myself that must be wrong because we were still trending upwards. Oh the irony lol.

Calm down, enjoy  this. Seems like a coordinated attack to me to scare off weak hands.  Short term predictions are useless. Zoom out, take a breath. You know where this heading....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 19, 2021, 01:33:12 AM
This is pretty interesting for several reasons. Bitcoins price dropping at the same rate that golds price is increasing. Best time to buy bitcoin might be when they meet.

(https://www.money.it/IMG/jpg/bitcoin_gold-4.jpg)

This might all be bigger than crypto though. The stock markets are very bearish right now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 19, 2021, 02:13:15 AM
Quote from: Theoak* on May 19, 2021, 01:12:27 AM
Calm down, enjoy  this. Seems like a coordinated attack to me to scare off weak hands.  Short term predictions are useless. Zoom out, take a breath. You know where this heading....

Oh I’m fine as I don’t use margin and am heavily in profit like you guys.

It’s not a coordinated attack anymore, what we are seeing now is capitulation as each support line is broken.

I’m still working to my ETh strategy so I’m miles up. It’ll come good.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 19, 2021, 02:13:45 AM
Quote from: Theoak* on May 19, 2021, 01:12:27 AM
Calm down, enjoy  this. Seems like a coordinated attack to me to scare off weak hands.  Short term predictions are useless. Zoom out, take a breath. You know where this heading....

That shake out weak hands  narrative is getting old. Sounds like some Trump level 5d chess talk.  We're relaxed. Its perfectly normal to consider that the bull market is over. Youre starting to sound like you're just trying to convince yourself that its not. No disrespect intended.

How far back back do I have to zoom out? Im practically at outter space  distances at this point. Still looks shitty.  There's no pretty way to paint a drop this large. 

Still hoping for the best, but I'm ready for the worst case scenario and I'm not going to wait for 20k btc to say , its over.
 

It was crazy watching the orderbook lite up as soon as we dropped below42k. It went nuts. Prior to that it was like the calm before the storm. You could feel it coming. Lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 19, 2021, 02:22:02 AM
Quote from: Mayday on May 18, 2021, 11:23:03 PM
29k incoming..... 

I have several subscriptions to quants and top accounts and I can tell you guys this move has blown all of their metrics and analysis apart. They had no idea this was coming and I’ll be canceling 2 of those subscriptions.

I have shown myself to be absolutely fucking useless with short term targets, the ultimate irony was my initial ETH for June was 5k based on a 38k BTC and I told myself that must be wrong because we were still trending upwards. Oh the irony lol.

All anyone can do is make the best calls with the info at hand but no one can predict human behavior.  Sometimes we do things that are completely unexpected,  like embrace useless shit like Dogecoin over, well thought out creations like bitcoin. Or  predict a billionaire will do tweet ridiculous garbage that starts a cascade of FUD from all directions.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 19, 2021, 02:47:28 AM
Quote from: Flexacon on May 19, 2021, 01:33:12 AM
This is pretty interesting for several reasons. Bitcoins price dropping at the same rate that golds price is increasing. Best time to buy bitcoin might be when they meet.

(https://www.money.it/IMG/jpg/bitcoin_gold-4.jpg)

This might all be bigger than crypto though. The stock markets are very bearish right now.

I don't see gold as an "opposition" to BTC. In my view these assets both compliment each other.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 19, 2021, 02:51:20 AM
Quote from: Bindare_Dundat on May 18, 2021, 09:15:13 PM
What price did you sell it?

Not selling this time around. I am legit in this for the long run and simply HODL as I said I would.

Indeed I am actually nibbling away with daily automated micro-purchases of Sats, which entirely takes emotion out of the equation.  So I am actually increasing my holdings. By 2025 the prices we see now, let alone the recent downward movement will most likely be but a little blip on a zoomed out graph. Best time to buy is when others are selling or lack confidence.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 19, 2021, 03:02:23 AM
Quote from: gib on May 19, 2021, 02:51:20 AM
Not selling this time around. I am legit in this for the long run and simply HODL as I said I would.

Indeed I am actually nibbling away with daily automated micro-purchases of Sats, which entirely takes emotion out of the equation.  So I am actually increasing my holdings. By 2025 the prices we see now, let alone the recent downward movement will most likely be but a little blip on a zoomed out graph. Best time to buy is when others are selling or lack confidence.

So yoire saying I should buy DOGE?

Just kidding bro. Lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 19, 2021, 03:36:16 AM
Lol - no fuck DOGE and the DOGEFATHER. Its almost 100% BTC for me, with minor amounts of ETH.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 19, 2021, 03:37:52 AM
Quote from: Bindare_Dundat on May 19, 2021, 02:13:45 AM
That shake out weak hands  narrative is getting old. Sounds like some Trump level 5d chess talk.  We're relaxed. Its perfectly normal to consider that the bull market is over. Youre starting to sound like you're just trying to convince yourself that its not. No disrespect intended.

How far back back do I have to zoom out? Im practically at outter space  distances at this point. Still looks shitty.  There's no pretty way to paint a drop this large. 

Still hoping for the best, but I'm ready for the worst case scenario and I'm not going to wait for 20k btc to say , its over.
 

It was crazy watching the orderbook lite up as soon as we dropped below42k. It went nuts. Prior to that it was like the calm before the storm. You could feel it coming. Lol

Gut wrenching when the price use to drop by the 100s, gut wrenching  when price dropped by the 1000s. Now we have the price dropping by 10s of thousands, not as gut wrenching.  When you can zoom  and live through a market like this  one in its early years....only then will you understand what I mean. First you have to "feel" it. 

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 19, 2021, 03:53:56 AM
Quote from: Mayday on May 19, 2021, 02:13:15 AM
Oh I’m fine as I don’t use margin and am heavily in profit like you guys.

It’s not a coordinated attack anymore, what we are seeing now is capitulation as each support line is broken.

I’m still working to my ETh strategy so I’m miles up. It’ll come good.

One week we had elons sorcery, binance under investigation, china "ban" again and the OCC......really?....they couldnt space all this out!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 19, 2021, 03:57:19 AM
I've been shorting since last night. I feel so dirty but we have to put bitcoin out of it misery. Its the humane thing to do. Catch you on the dead cat bounce.

Joking.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on May 19, 2021, 04:03:18 AM
I still don't understand. Why is BTC crashing?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 19, 2021, 04:03:34 AM
Quote from: Bindare_Dundat on May 19, 2021, 03:57:19 AM
I've been shorting since last night. I feel so dirty but we have to put bitcoin out of it misery. Its the humane thing to do. Catch you on the dead cat bounce.

Joking.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on May 19, 2021, 04:06:37 AM
Quote from: pellius on May 19, 2021, 04:03:18 AM
I still don't understand. Why is BTC crashing?

Because BTC is and always has been unstable, volatile, and irrational. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 19, 2021, 04:07:01 AM
Quote from: Theoak* on May 19, 2021, 04:03:34 AM


Lol

Battle at 39.2 now 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 19, 2021, 04:09:23 AM
Quote from: loco on May 19, 2021, 04:06:37 AM
Because BTC is and always has been unstable, volatile, and irrational.

Its volatility is a function of its free and open market. As btc matures these violent spikes up and down will become less frequent and "irrational"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 19, 2021, 04:56:16 AM
Quote from: Bindare_Dundat on May 19, 2021, 02:13:45 AM
That shake out weak hands  narrative is getting old. Sounds like some Trump level 5d chess talk.  We're relaxed. Its perfectly normal to consider that the bull market is over. Youre starting to sound like you're just trying to convince yourself that its not. No disrespect intended.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 19, 2021, 05:33:46 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 19, 2021, 05:37:53 AM
I just did 196% profit. lmao. wow fastest money i ever made in my life.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 19, 2021, 05:42:45 AM
https://www.ft.com/content/f6824190-636c-11e3-a87d-00144feabdc0

Dead or alive? The puzzle of Schrödinger’s markets

The current state of US financial markets might be best described with the help of a dead Austrian physicist and a logic-defying feline of unknown vital status.

Schrödinger’s cat is a thought experiment designed by Erwin Schrödinger to highlight the apparent absurdity of one particular interpretation of quantum mechanics when transposed to everyday objects.

The theoretical cat sits in a sealed box containing a flask of poison and a radioactive source. The poison is released at essentially a random time determined by the decay (or not) of a single atom. Once the poison is released the cat dies. Otherwise the cat lives.

The prevailing theory of quantum mechanics at the time implied that, since the probability of an atom of the radioactive substance decaying is equal, until someone opens the box the cat is both alive and dead.

The moment the box is opened and the cat observed, the two “states” – living cat and moribund cat – collapse into one that is either dead or alive (but in both cases presumably quite annoyed).

Such an experiment, intended to demonstrate the eccentricity of a certain school of quantum physics, makes a satisfying analogy for the state of markets after five years of quantitative easing by the Federal Reserve.

Central banks have flooded the financial system with cash, driving investors to park their money in higher-yielding securities and largely obfuscating the true state of underlying markets.

Take, for instance, the corporate default rate and the analytical models that are supposed to help forecast it.

The one-year default rate for US and European junk-rated companies currently stands at about 3 per cent, according to the quarterly review from the Bank for International Settlements released this week, just 1 percentage point above its average during the boom-era years of 2005 to 2008.

With default rates so low, the strategy of investing in higher-yielding, but riskier corporate bonds has paid off. Corporate credit spreads, or the additional yield investors demand to hold riskier securities, are hovering at a historical nadir, indicating that investors have been keen to take advantage of the low default rate and increase their holdings of corporate bonds.

In fact, as the BIS notes, “in addition to reflecting perceptions of credit risk, spreads may also drive default rates.” In an era of cheap and easy money, investors are encouraged to buy bonds from troubled companies and thereby suppress the default rate.

The overwhelming effect of QE on corporate defaults and spreads has, perhaps unsurprisingly, led to all sorts of modelling difficulties. Even top-tier analysts will sometimes (quietly) confess they are at a loss when it comes to estimating future corporate defaults.

Models that incorporate QE extending for the foreseeable future tend to predict that corporate defaults will continue to occur only infrequently. Meanwhile, models that attempt to incorporate some sort of “tapering” of central bank support show sharp increases in default.

Which to choose? What’s really in the box – living, functioning companies or ones that are flatlining?

The same comparison could be applied to the state of the broader US economy.

Deutsche Bank, for instance, writes this week that the current economic expansion in the US economy will be 54 months old by the end of the year. The average expansion since 1854 has totalled just 39 months by the bank’s calculations.

That means the current expansion – hot on the heels of one of the worst recessions on record – is now the seventh longest of the 34 expansionary economic cycles to have occurred in the US over the past one and a half centuries.

As Jim Reid, the well-respected Deutsche strategist, points out, the US appears to have “just about escaped [a correction] due to extraordinary monetary and fiscal stimulus”.

This time really is different. Or, it isn’t.

We will only know for sure when we open the box – once the extraordinary central bank policies have been unwound – and peer in to see whether the cat is dead or alive. At that point the US economy, and the state of its many companies, will reveal themselves to be in reasonable health, or stubbornly inert.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 19, 2021, 05:43:59 AM
Quote from: Bindare_Dundat on May 19, 2021, 05:37:53 AM
I just did 196% profit. lmao. wow fastest money i ever made in my life.
Good job. You shorted Bitcoin? You dirty bastard!  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 19, 2021, 05:46:36 AM
Quote from: Theoak* on May 19, 2021, 04:09:23 AM
Its volatility is a function of its free and open market. As btc matures these violent spikes up and down will become less frequent and "irrational"

Not a fan of his economics but this is spot on:

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 19, 2021, 05:46:56 AM
Ethereum still up 15.61% the past 30 days even after this big ass correction. Cardano also dropped massively.

Biggest 24 hour loser is Starbase @ 62% right now LMAO!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 19, 2021, 05:52:08 AM
haha!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 19, 2021, 06:02:05 AM
Is this Americans waking up, seeing the crash and selling?

Bitcoing holding up better than I expected.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on May 19, 2021, 06:04:43 AM
 :o

https://www.coinbase.com/price
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Soul Crusher on May 19, 2021, 06:05:31 AM
Now is a good time for many to shut off their phones, computers, etc and just go for a long peaceful, quiet walk in the woods. 

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 19, 2021, 06:05:38 AM
Quote from: Flexacon on May 19, 2021, 06:02:05 AM
Is this Americans waking up, seeing the crash and selling?

Bitcoing holding up better than I expected.
Bunch of fucking morons panic selling. Don't sell your shit fuck China with their FUD.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 19, 2021, 06:07:02 AM
Somewhere Peter Schiff and Roubini are having an orgasm right now. And the weak hands played right into it. Nice going retards.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 19, 2021, 06:08:11 AM
Quote from: Soul Crusher on May 19, 2021, 06:05:31 AM
Now is a good time for many to shut off their phones, computers, etc and just go for a long peaceful, quiet walk in the woods.
At some point people will stop selling. What's the point. I am still in profit but like I said before I'd rather hold and see this go to zero than sell low.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 19, 2021, 06:08:46 AM
Quote from: obsidian on May 19, 2021, 06:05:38 AM
Bunch of fucking morons panic selling. Don't sell your shit fuck China with their FUD.

Too late. Sold when Musk started potatoing and I  told the forum this was coming, but this is a crazy fast dump!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 19, 2021, 06:09:33 AM
Quote from: loco on May 19, 2021, 06:04:43 AM
:o

https://www.coinbase.com/price
I have a feeling they shut it down to prevent a run on the bank from idiots. Good move. Just shutdown the exchanges.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 19, 2021, 06:10:09 AM
Quote from: Mayday on May 18, 2021, 11:23:03 PM
29k incoming..... 



Not bad...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 19, 2021, 06:11:44 AM
Quote from: Theoak* on May 19, 2021, 06:10:09 AM
Not bad...
Where do you see it bottom out?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 19, 2021, 06:14:51 AM
Quote from: obsidian on May 19, 2021, 05:43:59 AM
Good job. You shorted Bitcoin? You dirty bastard!  ;D

Yeah I did. I feel horrible but I made money
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 19, 2021, 06:16:56 AM
They say, as you get older life becomes like a movie you’ve seen over and over:



Quote from: Thin Lizzy on March 06, 2021, 06:01:01 PM

Wall Street has always been a casino. Speculative schemes have been going on  before our grandparents were born.

You might be right but it smells like a pump and dump to me. My GUESS is that it eventually crashes AGAIN, goes back into the doldrums, and we don’t hear from the bitcoin bugs for a while.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on May 19, 2021, 06:45:55 AM
Can we call Mr Anabolic yet?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 19, 2021, 06:56:08 AM
Back to 36k. Impressive actually. For now
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 19, 2021, 06:56:45 AM
technically, it looks like the bottom in bitcoin is already in, but let us see if it holds. The same is seen on today's price chart of doge coin. Strong bounce from the bottom.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 19, 2021, 06:56:55 AM
Quote from: Soul Crusher on May 19, 2021, 06:05:31 AM
Now is a good time for many to shut off their phones, computers, etc and just go for a long peaceful, quiet walk in the woods.

Nah, the trolling factor on the YouTubers is too strong
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 19, 2021, 07:03:51 AM
could there be a reason both stocks and crypto crash today? I think the massive crash in most cryptos should make other risk assets (such as stocks) also sell off today and perhaps the next few days.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 19, 2021, 07:05:11 AM
Youtube is acting sketchy as well. Streams are lagging hard
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 19, 2021, 07:11:10 AM
I was watching the 1min chart when it broke apart it was moving so fast. BTC had 1,200/second swings. Insane.

Will be interesting to see if 38k provides resistance or goes back to being support.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 19, 2021, 07:14:50 AM
The amount of strain on the exchanges must be nuts. Blockfolio was down too. So many watching their money go down the drain.

many dumbfounded people just staring away at the price charts all slackjawed.  What happened Bitboy,  what do we do? I'm dying out here, bleeding out.

Lmao.

Sad. I do feel for those that bought at the top. Man, I know the feeling.  We all felt it at one point 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 19, 2021, 07:16:53 AM
Quote from: FitnessFrenzy on May 19, 2021, 07:03:51 AM
could there be a reason both stocks and crypto crash today? I think the massive crash in most cryptos should make other risk assets (such as stocks) also sell off today and perhaps the next few days.

Stocks went first. Dipped back on the 11th when everything was red, crypto followed then Elon happened. It's been a shit show since.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on May 19, 2021, 07:18:37 AM
Quote from: Bindare_Dundat on May 19, 2021, 07:14:50 AM
The amount of strain on the exchanges must be nuts. Blockfolio was down too. So many watching their money go down the drain.

many dumbfounded people just staring away at the price charts all slackjawed.  What happened Bitboy,  what do we do? I'm dying out here, bleeding out.

Lmao.

Sad. I do feel for those that bought at the top. Man, I know the feeling.  We all felt it at one point 

You were wise and got your initial investment back.  Smart.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 19, 2021, 07:20:26 AM
Look at the 7 day price chart of Tether. Insane volatility when everyone wanted in.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 19, 2021, 07:22:03 AM
The recent bottom in bitcoin was around $ 31.663.

I was shocked when I opened coinmarketcap today. And I don't even own any crypto, so it must feel way worse if you have substantial crypto holdings.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 19, 2021, 07:22:24 AM
Quote from: IroNat on May 19, 2021, 07:18:37 AM
You were wise and got your initial investment back.  Smart.

Thank you. But I still failed myself to some degree as I left some profits in and they are getting destroyed.  But you have to play both sides, you never know, this could still go back up. Its happened before .

At least I can breath today and even laugh. Some people are getting hurt badly.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on May 19, 2021, 07:22:40 AM
Uh, nobody saw it coming?


Gib, does this look like "digital gold" to you? 

Real gold and silver seem to be getting some of the outflow.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 19, 2021, 07:24:05 AM
about 1 trillion dollars has been lost in this crypto crash so far (looking at the total market cap of all cryptos)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 19, 2021, 07:30:41 AM
Quote from: FitnessFrenzy on May 19, 2021, 07:24:05 AM
about 1 trillion dollars has been lost in this crypto crash so far (looking at the total market cap of all cryptos)

Brutal.

I think there's still a chance to make money on a dead cat price. Climb to 50k is still possible. But there won't be any blown off top 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on May 19, 2021, 07:32:12 AM
Quote from: FitnessFrenzy on May 19, 2021, 07:24:05 AM
about 1 trillion dollars has been lost in this crypto crash so far (looking at the total market cap of all cryptos)


Nothing has been lost. Somebody ended up with the money..probably "satoshi". Not the HODL cult people obviously.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 19, 2021, 07:47:20 AM
Quote from: Bindare_Dundat on May 19, 2021, 07:30:41 AM
Brutal.

I think there's still a chance to make money on a dead cat price. Climb to 50k is still possible. But there won't be any blown off top

Already gone back in. Think of this as a fire sale
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 19, 2021, 07:54:55 AM
Elon tweeted again. Lol said Tesla has diamond hands. What a fucking tard.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 19, 2021, 08:03:51 AM
Quote from: Bindare_Dundat on May 19, 2021, 07:54:55 AM
Elon tweeted again. Lol said Tesla has diamond hands. What a fucking tard.

Blatantly manipulating the price down and then up again. First Doge and now BTC.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Soul Crusher on May 19, 2021, 08:05:07 AM
Quote from: Bindare_Dundat on May 19, 2021, 07:54:55 AM
Elon tweeted again. Lol said Tesla has diamond hands. What a fucking tard.

Dude - this is so crazy watching all go down today.  Its a casino. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Soul Crusher on May 19, 2021, 08:05:48 AM
Quote from: Griffith on May 19, 2021, 08:03:51 AM
Blatantly manipulating the price down and then up again. First Doge and now BTC.

Yup - he lost money on Tesla stock - now making it back by buying low and watching it rise again. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 19, 2021, 08:19:10 AM
Yeehaw
Ride em down, ride em up
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 19, 2021, 08:21:15 AM
Quote from: Soul Crusher on May 19, 2021, 08:05:48 AM
Yup - he lost money on Tesla stock - now making it back by buying low and watching it rise again.

Eth dropped to 2K, BTC 31k and someone or some group swooped in with $200 billion and bought the dip.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 19, 2021, 08:27:01 AM
Quote from: Flexacon on May 19, 2021, 08:21:15 AM
Eth dropped to 2K, BTC 31k and someone or some group swooped in with $200 billion and bought the dip.

Nice.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 19, 2021, 08:39:48 AM
Quote from: Bindare_Dundat on May 19, 2021, 08:27:01 AM
Nice.

Wouldn't call it that. It was most likely China or a Chinese operation. Definitely wasn't Michael Saylor LMAO
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 19, 2021, 08:41:44 AM
Quote from: Flexacon on May 19, 2021, 08:39:48 AM
Wouldn't call it that. It was most likely China or a Chinese operation. Definitely wasn't Michael Saylor LMAO

Who cares?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 19, 2021, 09:35:26 AM
Cardano back to 1.70. Eth climbing back up.

Omg. The money is beautiful.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 19, 2021, 11:18:42 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tommywishbone on May 19, 2021, 12:29:05 PM
On a positive note, that $570,000,000 pizza guy is feeling a little better today.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on May 19, 2021, 12:33:37 PM
Tesla has a huge problem delivering cars...up to 20,000 of them sitting on hold unable to be released. Some say chip shortage and some say ransomeware, which might be a bit far fetched dunno.

Elon is raiding raising cash with his Twitter feed.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on May 19, 2021, 01:09:52 PM
Quote from: Flexacon on May 19, 2021, 08:21:15 AM
Eth dropped to 2K, BTC 31k and someone or some group swooped in with $200 billion and bought the dip.

btc dropped to 29k on some exchanges
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on May 19, 2021, 01:19:52 PM
Quote from: Griffith on May 19, 2021, 08:03:51 AM
Blatantly manipulating the price down and then up again. First Doge and now BTC.

Which is why I'm not shook.  It's a coordinated attack on Bitcoin.  This dump happened sooner than I thought it would, but I was expecting a huge dump sometime soon. 

I'm not selling, I'm buying more crypto at a huge discount.

(https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2F31.media.tumblr.com%2Ftumblr_m2c98eYpH71qm01ov.gif&f=1&nofb=1)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 19, 2021, 02:10:31 PM
Quote from: Pray_4_War on May 19, 2021, 01:19:52 PM
Which is why I'm not shook.  It's a coordinated attack on Bitcoin.  This dump happened sooner than I thought it would, but I was expecting a huge dump sometime soon. 

I'm not selling, I'm buying more crypto at a huge discount.

(https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2F31.media.tumblr.com%2Ftumblr_m2c98eYpH71qm01ov.gif&f=1&nofb=1)

Im calling you out on your trump 5d level chess talk...

Largest daily outflow and inflows ever on binanace..

Bear market my ass. Wait another month or three before calling it.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 19, 2021, 02:16:03 PM
Quote from: Army of One on May 19, 2021, 01:09:52 PM
btc dropped to 29k on some exchanges

Some of the exchanges were down just before the markets bottomed. I couldn't even get any at 31K. Ended up buying at 32.6K
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on May 19, 2021, 03:11:32 PM
Quote from: Theoak* on May 19, 2021, 02:10:31 PM
Im calling you out on your trump 5d level chess talk...

Largest daily outflow and inflows ever on binanace..

Bear market my ass. Wait another month or three before calling it.

I'm a long term HODLer.  I buy the dips.  It dips more...I even buy more.  The price completely shits the bed....I buy more.  I'm in this for at least the next 5 to 10 years.

The way I see it, nothing has changed.  Fiat currency is being printed to infinity while Bitcoin is limited to 21 million. 

If it starts going back up right away and continues the bull market that's all good too.  I'm not sweating any of this.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 19, 2021, 03:17:00 PM
Quote from: Pray_4_War on May 19, 2021, 03:11:32 PM
I'm a long term HODLer.  I buy the dips.  It dips more...I even buy more.  The price completely shits the bed....I buy more.  I'm in this for at least the next 5 to 10 years.

The way I see it, nothing has changed.  Fiat currency is being printed to infinity while Bitcoin is limited to 21 million. 

If it starts going back up right away and continues the bull market that's all good too.  I'm not sweating any of this.
Same here. It is beyond moronic to sell when there is fear in the market. You sell when everything is looking great and you want to take some profits.

I am still dollar cost averaging by mining Ethereum. The only thing today's crash did is give me higher Ethereum yields because of all the transactions going on. I am paying under $500 for 1 ETH so it has to drop a lot before it is not profitable for me. And even then I still mine it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on May 19, 2021, 03:41:05 PM
Quote from: obsidian on May 19, 2021, 03:17:00 PM
Same here. It is beyond moronic to sell when there is fear in the market. You sell when everything is looking great and you want to take some profits.

I am still dollar cost averaging by mining Ethereum. The only thing today's crash did is give me higher Ethereum yields because of all the transactions going on. I am paying under $500 for 1 ETH so it has to drop a lot before it is not profitable for me. And even then I still mine it.

(https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fmedia.giphy.com%2Fmedia%2FyziuK6WtDFMly%2Fgiphy.gif&f=1&nofb=1)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 19, 2021, 04:21:35 PM
Quote from: Pray_4_War on May 19, 2021, 03:11:32 PM
I'm a long term HODLer.  I buy the dips.  It dips more...I even buy more.  The price completely shits the bed....I buy more.  I'm in this for at least the next 5 to 10 years.

The way I see it, nothing has changed.  Fiat currency is being printed to infinity while Bitcoin is limited to 21 million. 

If it starts going back up right away and continues the bull market that's all good too.  I'm not sweating any of this.

Lesson learnt for shitcoining promotion in this thread, be it dogecoin, corgicoin, safemoon, sailormoon or whatever garbage is being shilled during a bull phase.  Bitcoin takes a dump and shitcoins get flushed. 

The bear market will come after a blow off at the top. Retracement of 70-80% this cycle is not out of the question given  the sequence of events.over the past few days.  Floor price of last bull run we can put at 3-4k.  Current trend pointing towards a 50-60k floor.  Perhaps this will be the last extremely volatile bull run btc will experience....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on May 19, 2021, 04:32:36 PM
Absolutely loving this pull back.time to buy up more link.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 19, 2021, 05:27:33 PM
Hey gib - apparently word is it was China driven with govt support as they were trying to liquidate a specific person (which failed).

Any thoughts on whether that might be true?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 19, 2021, 05:45:24 PM
Quote from: Mayday on May 19, 2021, 05:27:33 PM
Hey gib - apparently word is it was China driven with govt support as they were trying to liquidate a specific person (which failed).

Any thoughts on whether that might be true?

The amount of conspiracy stories coming out of this is almoat as bad as the FUD stories.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on May 19, 2021, 05:46:58 PM
Quote from: Theoak* on May 19, 2021, 04:21:35 PM
Lesson learnt for shitcoining promotion in this thread, be it dogecoin, corgicoin, safemoon, sailormoon or whatever garbage is being shilled during a bull phase.  Bitcoin takes a dump and shitcoins get flushed. 

The bear market will come after a blow off at the top. Retracement of 70-80% this cycle is not out of the question given  the sequence of events.over the past few days.  Floor price of last bull run we can put at 3-4k.  Current trend pointing towards a 50-60k floor.  Perhaps this will be the last extremely volatile bull run btc will experience....

That's 100% what I was expecting.  I was thinking that BTC would get to around 120K by the end of the year and then take a shit. 

I hope that still going to happen but I'm no where near as confident as I was before.

I never was into the shitcoins.  It's just not a good fit for my personality.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on May 19, 2021, 05:47:15 PM
As evident from my few posts in this thread, I am not into trading/buying/selling crypto.  But just wanted to say that I heard a few people talking today that Doge went down and that SHIB is now a steal to buy.

No idea if they are correct.  Or even what they are talking about really.  Any of you hold onto these types?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on May 19, 2021, 05:47:44 PM
Quote from: Bindare_Dundat on May 19, 2021, 05:45:24 PM
The amount of conspiracy stories coming out of this is almoat as bad as the FUD stories.

People don't think Bitcoin be like it is, but it do.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 19, 2021, 05:56:21 PM
Wow, ethereum is now even cheaper than what I sold it at my cheapest price. I can get more now then I had when I sold.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on May 19, 2021, 06:24:37 PM
What's going to happen when gazillion different crypto options hit the market?  It used to be just 3 or 4.  Then they made a TIT coin (??) and some of the newer ones are something like $0.00000000012 right now (or something like that I read)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 19, 2021, 06:34:15 PM
Quote from: LurkerNoMore on May 19, 2021, 06:24:37 PM
What's going to happen when gazillion different crypto options hit the market?  It used to be just 3 or 4.  Then they made a TIT coin (??) and some of the newer ones are something like $0.00000000012 right now (or something like that I read)

There's been a ton already 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 19, 2021, 06:40:05 PM
Quote from: Pray_4_War on May 19, 2021, 05:46:58 PM
That's 100% what I was expecting.  I was thinking that BTC would get to around 120K by the end of the year and then take a shit. 

I hope that still going to happen but I'm no where near as confident as I was before.

I never was into the shitcoins.  It's just not a good fit for my personality.

2013 and 2017 bull runs.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on May 19, 2021, 06:48:15 PM
Quote from: Theoak* on May 19, 2021, 06:40:05 PM
2013 and 2017 bull runs.

(https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fmedia.tenor.com%2Fimages%2Fcc69e6733bc1f796a30f93bf634b1984%2Ftenor.gif&f=1&nofb=1)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on May 19, 2021, 06:48:26 PM
Quote from: LurkerNoMore on May 19, 2021, 06:24:37 PM
What's going to happen when gazillion different crypto options hit the market?  It used to be just 3 or 4.  Then they made a TIT coin (??) and some of the newer ones are something like $0.00000000012 right now (or something like that I read)

Lots of people making money off of these new bullshit cryptos popping up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 19, 2021, 06:51:11 PM
Quote from: El Diablo Blanco on May 19, 2021, 06:48:26 PM
Lots of people making money off of these new bullshit cryptos popping up.

 Most new entrants get greedy and think the price  will rise indefinately until the rug is pulled and they are left holding the bags.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 19, 2021, 06:52:56 PM
Quote from: Mayday on May 19, 2021, 05:27:33 PM
Hey gib - apparently word is it was China driven with govt support as they were trying to liquidate a specific person (which failed).

Any thoughts on whether that might be true?

I mentioned this earlier and looked into a bit further.

The China story goes that they wanted to liquidate and bankrupt Elon. Possibly connected to him fucking with bitcoin. He caused a dip and then proceeded to buy a ton. Also the colonising of Mars is another connection. China has ambitions there too. Taking out others like Saylor would just be a nice bonus.

Elon did tweet "diamond hands" and the volumes of money/coins that came in and out of the market does make the story slightly more plausible.

There is also some funky shit going on with tether. They are trying to avoid being audited.

All in all I think this is the craziest bitcoin and crypto has got!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 19, 2021, 06:54:02 PM
Bindare_Dundat - you should get a laugh out of Crypto Kirby here lol! Watch him talk about Elon Musk at 21:46

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 19, 2021, 07:05:24 PM
Quote from: Flexacon on May 19, 2021, 06:52:56 PM
I mentioned this earlier and looked into a bit further.

The China story goes that they wanted to liquidate and bankrupt Elon. Possibly connected to him fucking with bitcoin. He caused a dip and then proceeded to buy a ton. Also the colonising of Mars is another connection. China has ambitions there too. Taking out others like Saylor would just be a nice bonus.

Elon did tweet "diamond hands" and the volumes of money/coins that came in and out of the market does make the story slightly more plausible.

There is also some funky shit going on with tether. They are trying to avoid being audited.

All in all I think this is the craziest bitcoin and crypto has got!

Dont see how they can liquidate Elon or Saylor, they're  not openly trading. BtC sits on their balance  sheets. Ive heard the sellers are mostly overseas, perhaps china and buyers in this phase are North American risk managers who see an assymetrical price in an asset class thats gained acceptance. 

Very smart and sophisticated money that needs exposure and weak hands are selling  right into it.  This is the big boys game now, trade and leverage at your own risk.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on May 19, 2021, 07:08:57 PM
Quote from: El Diablo Blanco on May 19, 2021, 06:48:26 PM
Lots of people making money off of these new bullshit cryptos popping up.

Sooooo....    why aren't we making a GetBig coin then?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 19, 2021, 07:22:48 PM
Quote from: Theoak* on May 19, 2021, 07:05:24 PM
Dont see how they can liquidate Elon or Saylor, they're  not openly trading. BtC sits on their balance  sheets. Ive heard the sellers are mostly oversees, perhaps china and buyers in this phase are North American risk managers who see an assymetrical price in an asset class thats gained acceptance. 

Very smart and sophisticated money that needs exposure and weak hands are selling  right into it.  This is the big boys game now, trade and leverage at your own risk.

That part didn't make much sense to me either, but someone posted this info last night and even gave the time and dip price fairly accurately. Who knows what Elon is doing with crypto behind closed doors.

Tesla is also getting fucked with by Michael Burry. He's taken a $500million short position against Tesla (almost half his portfolio). Wolves are circling around Elon.

There may still be another barrage coming from China against Elon.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 19, 2021, 11:55:30 PM
Quote from: Flexacon on May 19, 2021, 07:22:48 PM
That part didn't make much sense to me either, but someone posted this info last night and even gave the time and dip price fairly accurately. Who knows what Elon is doing with crypto behind closed doors.

Tesla is also getting fucked with by Michael Burry. He's taken a $500million short position against Tesla (almost half his portfolio). Wolves are circling around Elon.

There may still be another barrage coming from China against Elon.

Are you talking about, "the insider"?  Lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 19, 2021, 11:58:42 PM
Quote from: obsidian on May 19, 2021, 06:54:02 PM
Bindare_Dundat - you should get a laugh out of Crypto Kirby here lol! Watch him talk about Elon Musk at 21:46



I watch this guy for a laugh sometimes. He always brags about shorting bitcoin, right?  I'll check it out later
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 20, 2021, 12:00:53 AM
I cant stand the fact as to how tied together all these crypros are. You can toggle through BtC, Ethereum   Cardano, doge and the candles, RSI, stochastic  etc...almost all look the same. Lol what a joke.

Wouldn't it raise flags if you scrolled through the Dow and everything looked almost identical.  Just goes to show how much crypto is run by automated bots.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: BossBoss on May 20, 2021, 12:06:41 AM
Quote from: Bindare_Dundat on May 20, 2021, 12:00:53 AM
I cant stand the fact as to how tied together all these crypros are. You can toggle through BtC, Ethereum   Cardano, doge and the candles, RSI, stochastic  etc...almost all look the same. Lol what a joke.

Wouldn't it raise flags if you scrolled through the Dow and everything looked almost identical.  Just goes to show how much crypto is run by automated bots.

You have to buy bitcoin to buy most altcoins, if you sell you sell most likely also for bitcoin.
That could be the reason why they move together. + Is it not true that the price is calculated first in BTC and after that in $,€ etc. ?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on May 20, 2021, 12:27:30 AM
Quote from: Flexacon on May 19, 2021, 07:22:48 PM
That part didn't make much sense to me either, but someone posted this info last night and even gave the time and dip price fairly accurately. Who knows what Elon is doing with crypto behind closed doors.

Tesla is also getting fucked with by Michael Burry. He's taken a $500million short position against Tesla (almost half his portfolio). Wolves are circling around Elon.

There may still be another barrage coming from China against Elon.

It wasnt Elon, it was Justin Sun.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 20, 2021, 12:33:59 AM
Quote from: BossBoss on May 20, 2021, 12:06:41 AM
You have to buy bitcoin to buy most altcoins, if you sell you sell most likely also for bitcoin.
That could be the reason why they move together. + Is it not true that the price is calculated first in BTC and after that in $,€ etc. ?

No that's not it. Its bot trading. they read the market and act accordingly. That's why everything drops at the same exact time and goes up the exact time more often than not. Too.much of the market is influenced by these things. There will be exception here and there but overall its these stupid things.

Some of the patterns they create look ridiculous. Definitely not human trading. Next time I see some ill post them for the board.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: BossBoss on May 20, 2021, 12:39:02 AM
Quote from: Bindare_Dundat on May 20, 2021, 12:33:59 AM
No that's not it. Its bot trading.man. ..

Some of the patterns they create look ridiculous. Definitely not human trading. Next time I see some ill post them for the board.

please do, would be interesting to see.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 20, 2021, 01:09:56 AM
Quote from: Army of One on May 20, 2021, 12:27:30 AM
It wasnt Elon, it was Justin Sun.

Didn't he just buy shit loads of BTC and ETH in the dip?

Quote from: BossBoss on May 20, 2021, 12:06:41 AM
You have to buy bitcoin to buy most altcoins, if you sell you sell most likely also for bitcoin.
That could be the reason why they move together. + Is it not true that the price is calculated first in BTC and after that in $,€ etc. ?

Yeah pretty much. Most coins are paired with bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 20, 2021, 03:44:14 AM
Quote from: Flexacon on May 20, 2021, 01:09:56 AM


Yeah pretty much. Most coins are paired with bitcoin.

oi think that's changed quite a bbit over the last few years wiith things like weeble and robinhood. but I'll look into it

Who's Justin sun?

Anyone know how they calculate the Fear/greed meter?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 20, 2021, 04:19:11 AM
Quote from: Bindare_Dundat on May 20, 2021, 03:44:14 AM
I think that's changed quit a bit over the last few years wiith things like weeble and robinhood. but I'll look into it

Places like robinhood take all crypto purchases/sales and feed it into an algorithm to garner profit for themselves. In a lot of cases when people buy or sell on there robinhood don't actually do anything. They just wait for users to cash out at a loss. So deposit $500, trade for a month, cash out $400. Robin hood don't do anything with your trades, they just keep that $100 you lost for themselves. Remember the are far more losers than winners on those trading apps

Also when there are big price movements and increased selling and buying like with doge SNL and the bitcoin dump yesterday, they'll conveniently go down. Those type of events leave their system open to heavy loses.

USDT is another shill. I have already posted how they are trying to avoid an audit. They don't hold the reserves to back the sums they hold.

Binanace doesn't hold billions in USD, it holds bitcoins which is tied to the USD. Alts on exchanges are therefore tied to bitcoin and not USD. Everything else is either an illusion or a house of cards.

Your point about bots does hold some truth though. They aren't however manipulating alt coin prices, it's just arbitrage.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 20, 2021, 04:23:13 AM
Quote from: Flexacon on May 20, 2021, 04:19:11 AM
Places like robinhood take all crypto purchases and feed it into an algorithm to garner profit for themselves. When there are big price movements and increased selling and buying like with doge SNL and the bitcoin dump yesterday, they'll conveniently go down. Those type of events leave their system open to heavy loses.

USDT is another shill. I have already posted how they are trying to avoid an audit. They don't hold the reserves to back the sums they hold.

Binanace doesn't hold billions in USD, it holds bitcoins which is tied to the USD. Alts on exchanges are therefore tied to bitcoin and not USD. Everything else is either an illusion or a house of cards.

Your point about bots does hold some truth though. They aren't however manipulating alt coin prices, it's just arbitrage.

Thanks for the clarification.  I was sweeping over the internet but the answers were all over the map.

Yea , the tether situation is sketchy.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 20, 2021, 04:37:20 AM
Quote from: Bindare_Dundat on May 20, 2021, 04:23:13 AM

Yea , the tether situation is sketchy.

No more sketchy than banks, who also have issued for more debt than they have assets for, And all the more reason to own BTC and HODL. Because when the shit hits the fan with either banks or tether, there are 2 options. You either lose a shitload of money, or the government bails it out with printed money (which results in currency devaluation).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 20, 2021, 04:49:20 AM
George as usual gets to the bottom. Whales sent Bitcoin and Ethereum to exchanges and then withdrew it again which caused panic selling. A bank known for manipulating silver for which they were fined is now releasing FUD about people selling Bitcoin for Gold. After one day? I would they know this so quickly? Don't fall for the FUD. Be smart. HODL that shit forever and take little withdrawals if you must at higher prices.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 20, 2021, 04:51:45 AM
Bank FUD:

JPMorgan: Institutional Investors Ditch Bitcoin For Gold
https://www.pymnts.com/news/investment-tracker/2021/jpmorgan-institutional-investors-ditch-bitcoin-for-gold/

JPMorgan to pay $920 million for manipulating precious metals, treasury market
https://www.reuters.com/article/jp-morgan-spoofing-penalty/jpmorgan-to-pay-920-million-for-manipulating-precious-metals-treasury-market-idUSKBN26K325
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 20, 2021, 04:53:35 AM
Quote from: BossBoss on May 20, 2021, 12:06:41 AM
You have to buy bitcoin to buy most altcoins, if you sell you sell most likely also for bitcoin.
That could be the reason why they move together. + Is it not true that the price is calculated first in BTC and after that in $,€ etc. ?
Not anymore. That's how it used to be. Now you can buy alts directly.

The reason they all dump is because idiots get scared and panic sell when they see Bitcoin drop because they think the bull run is over. And meanwhile whales come in and buy their weak hands.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on May 20, 2021, 04:54:05 AM
Quote from: LurkerNoMore on May 19, 2021, 07:08:57 PM
Sooooo....    why aren't we making a GetBig coin then?

we should.  I read about some black guy that jokingly created a Thug coin in like an hour.  At the end of the first day it was worth almost $100M.  He was laughing at what bullshit this market is.  That Moonshot or whatever coin that is came out and went up over 40,000% yet the price was .00000000008.  Haha.  WTF.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 20, 2021, 04:57:21 AM
Quote from: El Diablo Blanco on May 20, 2021, 04:54:05 AM
we should.  I read about some black guy that jokingly created a Thug coin in like an hour.  At the end of the first day it was worth almost $100M.  He was laughing at what bullshit this market is.  That Moonshot or whatever coin that is came out and went up over 40,000% yet the price was .00000000008.  Haha.  WTF.
There's bullshit like that. But there are many legitimate cryptos that will not go anywhere and will change finance.

You can find scams in all walks of life. One company offers great remodeling while another gets paid a deposit upfront and never show up to do any remodeling.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 20, 2021, 04:58:52 AM
Quote from: obsidian on May 20, 2021, 04:49:20 AM
George as usual gets to the bottom. Whales sent Bitcoin and Ethereum to exchanges and then withdrew it again which caused panic selling. A bank known for manipulating silver for which they were fined is now releasing FUD about people selling Bitcoin for Gold. After one day? I would they know this so quickly? Don't fall for the FUD. Be smart. HODL that shit forever and take little withdrawals if you must at higher prices.


I posted a day or 2 before the dip that bitcoin value was dropping and gold was climbing, so I don't think it's FUD as it was already in the news. But yeah even if you bought BTC at 60K you'll probably x1.5 in 6 months if you hodl.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 20, 2021, 05:18:49 AM
Quote from: obsidian on May 20, 2021, 04:53:35 AM
Not anymore. That's how it used to be. Now you can buy alts directly.


Exactly what I thought.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: BossBoss on May 20, 2021, 05:22:19 AM
Quote from: obsidian on May 20, 2021, 04:53:35 AM
Not anymore. That's how it used to be. Now you can buy alts directly.
..

Yeah, it is more user-friendly and more convenient because nobody understands why they should buy btc first.
What you see is:

$>Alt

and not

$>BTC>Alt
or
$>Tether>Alt

But thats how i think it still goes. Even if you can buy your favorite alt directly with $.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on May 20, 2021, 05:23:47 AM
Quote from: Pray_4_War on May 19, 2021, 01:19:52 PM
Which is why I'm not shook.  It's a coordinated attack on Bitcoin.  This dump happened sooner than I thought it would, but I was expecting a huge dump sometime soon. 

I'm not selling, I'm buying more crypto at a huge discount.

(https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2F31.media.tumblr.com%2Ftumblr_m2c98eYpH71qm01ov.gif&f=1&nofb=1)

Smart man.

This market requires a more composed temperament that many of our overly skittish getbig brethren simply do not possess.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 20, 2021, 05:42:40 AM
Quote from: BossBoss on May 20, 2021, 05:22:19 AM
Yeah, it is more user-friendly and more convenient because nobody understands why they should buy btc first.
What you see is:

$>Alt

and not

$>BTC>Alt
or
$>Tether>Alt

But thats how i think it still goes. Even if you can buy youre favorite alt directly with $.

If people buying can't understand that $>Alt no longer makes it decentralized then they kinda miss the whole point of crypto.

Also people need to do their due diligence and understand that on some trading platforms you're not actually buying an Alt directly, you're buying the Alt price the platform is willing to offer you at that time and they typically get that price from exchanges which use $>BTC>Alt.

This is also all without including the whole needing to take offline to truly own it route.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 20, 2021, 05:44:19 AM
Quote from: Flexacon on May 20, 2021, 04:58:52 AM
I posted a day or 2 before the dip that bitcoin value was dropping and gold was climbing, so I don't think it's FUD as it was already in the news. But yeah even if you bought BTC at 60K you'll probably x1.5 in 6 months if you hodl.

Both Gold and BTC will climb and act as a defence to fiat currency devaluation.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 20, 2021, 06:42:50 AM
$ 41,910.14

very strong BTC comeback
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on May 20, 2021, 07:15:35 AM
Quote from: El Diablo Blanco on May 20, 2021, 04:54:05 AM
we should.  I read about some black guy that jokingly created a Thug coin in like an hour.  At the end of the first day it was worth almost $100M.  He was laughing at what bullshit this market is.  That Moonshot or whatever coin that is came out and went up over 40,000% yet the price was .00000000008.  Haha.  WTF.

Yeah, that is what I meant.  We could use Arce's photo on the coin.    ;D
Did that black guy get to keep the $100M or whatever?

But what happens when some new coin comes on the market and gets a small blow up and then... nothing?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: BossBoss on May 20, 2021, 07:33:53 AM
Quote from: LurkerNoMore on May 20, 2021, 07:15:35 AM
But what happens when some new coin comes on the market and gets a small blow up and then... nothing?
Then the coin is dead..and it will stay dead bec. it is a shitcoin without development or future.
-----------
Best would be if you fork a already good coin like zcash or something like that.
But you have to develop something..you need a roadmap with your plans :)

Only a picture and a good story is most likely not enough.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: sync pulse on May 20, 2021, 09:22:58 AM
If you are going to accept the risk of speculating on exchange based financial instruments...Why not do stocks, bonds, and commodities?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on May 20, 2021, 09:34:21 AM
Quote from: sync pulse on May 20, 2021, 09:22:58 AM
If you are going to accept the risk of speculating on exchange based financial instruments...Why not do stocks, bonds, and commodities?
Because that would be smart.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: BossBoss on May 20, 2021, 09:44:51 AM
Quote from: sync pulse on May 20, 2021, 09:22:58 AM
If you are going to accept the risk of speculating on exchange based financial instruments...Why not do stocks, bonds, and commodities?

Why not do both?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on May 20, 2021, 12:47:17 PM
You'll notice they did this right after Coinbase went public so they can be more easily forced to comply.



"...detailed as part of President Biden's proposed American Families Plan which also requests $80 billion in funds to modernize the IRS, which includes "hiring new specialized enforcement staff, modernizing antiquated information technology"


Treasury Calls for Crypto Transfers Over $10,000 to Be Reported to IRS

https://www.bloomberg.com/news/articles/2021-05-20/treasury-calls-for-crypto-transfers-over-10-000-reported-to-irs



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on May 20, 2021, 01:12:34 PM
Quote from: Bindare_Dundat on May 20, 2021, 03:44:14 AM
oi think that's changed quite a bbit over the last few years wiith things like weeble and robinhood. but I'll look into it

Who's Justin sun?

Anyone know how they calculate the Fear/greed meter?

Tron Ceo
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 20, 2021, 06:21:29 PM
Quote from: Flexacon on May 19, 2021, 07:22:48 PM
That part didn't make much sense to me either, but someone posted this info last night and even gave the time and dip price fairly accurately. Who knows what Elon is doing with crypto behind closed doors.

Tesla is also getting fucked with by Michael Burry. He's taken a $500million short position against Tesla (almost half his portfolio). Wolves are circling around Elon.

There may still be another barrage coming from China against Elon.

Yeah I thought it might have been Elon aswell but he didn’t use leverage on his personal holdings or Tesla’s as far as I am aware?

It was utter savagery the other night and comparing that to when the big boys have done it i could believe in the China story.

I saw Justin Sun’s name mentioned because he was leveraged but dunno who he pissed off to get that ‘hit’ out on him in crypto. Apparently he got down to 900M underwater and they couldn’t get it done and he bought the dip. If that story is true they doubled his wealth lol.

I saw some data showing the hash rate took a hit at the time of the attack, I’ll have to see if I can find it again. Remember like the last ‘dip’ where China just happened to shutdown and trigger a drop.

For all we know Elon is working with China. I mean, he tweeted all that shit when the market was hurting then makes fun of everyone afterwards bragging ‘diamond hands’.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on May 20, 2021, 09:33:12 PM
I have a limit order in at $22,000 just in case the BTC price takes another giant shit.  Just above an important previous all-time high level.

Eat shit no-coiners!

(https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2F38.media.tumblr.com%2F416b432b55315b7a69facd94867c4be2%2Ftumblr_nwy6xl2HJg1sotwrfo1_500.gif&f=1&nofb=1)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on May 20, 2021, 09:46:48 PM
Quote from: Pray_4_War on May 20, 2021, 09:33:12 PM
Eat shit no-coiners!

(https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2F38.media.tumblr.com%2F416b432b55315b7a69facd94867c4be2%2Ftumblr_nwy6xl2HJg1sotwrfo1_500.gif&f=1&nofb=1)

Quote from: Zillotch on January 03, 2021, 04:39:33 PM
cryptos only exist to facilitate the building out and adoption of the blockchain... a necessary hellscape from which there is no escape.

u'll notice in the bitcoin thread.... dudes tripping over themselves... giddy.. deluded by greed - so deluded by greed that they cannot see the forest for the trees - cant see that they are helping to construct their own prison (lol).

that is by design... crypto appeals to that baser instinct – greed... a mechanism by which man is being drawn to his end.

bitcoin will evaporate
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on May 20, 2021, 09:58:41 PM
Quote from: Zillotch on May 20, 2021, 09:46:48 PM


The technology prison coming whether we want it or not.  I'd rather have some extra shekels when it comes.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on May 21, 2021, 01:24:20 AM
Quote from: Pray_4_War on May 20, 2021, 09:58:41 PM
some extra shekels

shekels matter not to a slave.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 21, 2021, 04:27:39 AM
Quote from: Zillotch on May 21, 2021, 01:24:20 AM
shekels matter not to a slave.

Can you elaborate on the ‘slave’ thing but do it properly, not some lame answer.

I actually want to understand what it is you mean because right now the economy and leaders are the slaves of the plebs. Unless they print money and give it to people who are not working, we set the place on fire.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 21, 2021, 05:35:38 AM
Quote from: Zillotch on May 21, 2021, 01:24:20 AM
shekels matter not to a slave.

Whats with all the cryptic blabber. Just say whats on your mind 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on May 21, 2021, 05:48:33 AM
Australian Minister Says Government Has ‘No Issue’ With Crypto Investment

Senator Jane Hume also said cryptocurrencies are "an asset class that will grow in importance."


An Australian federal minister says the government has no objection to people investing in crypto assets, though she also warned of the risks.

   
 As reported by the U.K.'s Daily Mail, Senator Jane Hume, the minister for financial services and the digital economy, said, "We take no issue with consumers investing in cryptocurrencies."
   
 She warned that investors should be aware of the risks, saying cryptocurrencies are "volatile, high-risk assets."
   
Speaking at the Stockbrokers and Financial Advisers Association Conference in Sydney on Thursday, Hume acknowledged that crypto assets are unregulated.
   
"But like investment in any asset class, they are subject to Australian law, including our market conduct, know-your-client and tax laws. It is not a free pass," she said.
   
Hume further stated that cryptocurrencies are "not a fad," adding that they are "an asset class that will grow in importance."

 https://www.coindesk.com/australian-minister-says-government-has-no-issue-with-crypto-investment
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 21, 2021, 07:29:55 AM
Its a fight!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 21, 2021, 07:57:44 AM
China FUD, US FUD and BlockFi retardation.

Looking to buy Eth at 2k, Dot 20, Ada 1.25. Don't think they'll get that low though.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 21, 2021, 08:38:48 AM
$ 37,912.61
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on May 21, 2021, 08:41:52 AM
When people are calling this a bull market I think they meant a bullshit market.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 21, 2021, 08:59:28 AM
Quote from: Flexacon on May 21, 2021, 07:57:44 AM
China FUD, US FUD and BlockFi retardation.

Looking to buy Eth at 2k, Dot 20, Ada 1.25. Don't think they'll get that low though.

I'll buy it off you at 1500, maybe.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 21, 2021, 09:44:24 AM
Internet computer (ICP) has gone from 640 $ to 148 $
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 21, 2021, 10:26:35 AM
Quote from: Bindare_Dundat on May 21, 2021, 08:59:28 AM
I'll buy it off you at 1500, maybe.

You might get that later today. You might even be buying bitcoin for that.

xrp v sec hearing is coming up soon. Doesnt look like Eth, dot or ada will move much before then
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 21, 2021, 11:14:29 AM
Bitcoin, the "ponzi scheme" governments love to tax.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on May 21, 2021, 11:28:52 AM
Quote from: Bindare_Dundat on May 21, 2021, 11:14:29 AM
Bitcoin, the "ponzi scheme" governments love to tax.
The same reason they legalized gambling.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 21, 2021, 12:37:46 PM
More destruction today. Dont think it's gonna stop until bitcoin is nothing but bones.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 21, 2021, 01:16:25 PM
$35,433.39
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 21, 2021, 01:18:11 PM
Quote from: Flexacon on May 21, 2021, 07:57:44 AM
China FUD, US FUD and BlockFi retardation.

Looking to buy Eth at 2k, Dot 20, Ada 1.25. Don't think they'll get that low though.

Glassnode shows the buyers from the last dip are the big fish and whales.

That same anonymous person posted again, said they will bleed it out to 35k then whack it to 25k.

We are here now right at 35k so let’s see....... maybe they just liquidate the shit out of longs? We have seen them do this in the past.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 21, 2021, 01:30:25 PM
Quote from: Mayday on May 21, 2021, 01:18:11 PM
Glassnode shows the buyers from the last dip are the big fish and whales.

That same anonymous person posted again, said they will bleed it out to 35k then whack it to 25k.

We are here now right at 35k so let’s see....... maybe they just liquidate the shit out of longs? We have seen them do this in the past.

Cmon guys. You don't believe that tin foul hat stuff. Its just some jack ass posting shit. 

No one with that kinda money is on the internet posting that crap.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: jaejonna on May 21, 2021, 01:47:44 PM
Quote from: Bindare_Dundat on May 21, 2021, 01:30:25 PM
Cmon guys. You don't believe that tin foul hat stuff. Its just some jack ass posting shit. 

No one with that kinda money is on the internet posting that crap.

Hey guys its anonymous... the whales want to get rid of someone (not Tom Brady) ..anyways looking to go to 30k .. Ok I got to go.  ::) ::) ::) ::) ::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 21, 2021, 02:04:55 PM
Quote from: Bindare_Dundat on May 21, 2021, 01:30:25 PM
Cmon guys. You don't believe that tin foul hat stuff. Its just some jack ass posting shit. 

No one with that kinda money is on the internet posting that crap.

Tweet a photo of a dog and price goes up 50%.

Social media is the largest influencer of average people so yes, I do believe that someone would ‘weaponise’ social media in order to make money.

Look at Musk demonising BTC and then after he burns so many of his loyal followers he brags that Tesla has diamond hands...... look at your own recent posts about this very thing blaming social media.


They are getting people to go short and then liquidating shorts.......
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 21, 2021, 02:19:26 PM
Quote from: Mayday on May 21, 2021, 02:04:55 PM
Tweet a photo of a dog and price goes up 50%.

Social media is the largest influencer of average people so yes, I do believe that someone would ‘weaponise’ social media in order to make money.

Look at Musk demonising BTC and then after he burns so many of his loyal followers he brags that Tesla has diamond hands...... look at your own recent posts about this very thing blaming social media.


They are getting people to go short and then liquidating shorts.......

Guess we're gonna find out soon enough, but I highly doubt there's any merit to some 4chan conspiracy talk.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on May 21, 2021, 02:22:01 PM
The con game is coming to an end
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 21, 2021, 02:23:20 PM
Quote from: Mayday on May 21, 2021, 01:18:11 PM
Glassnode shows the buyers from the last dip are the big fish and whales.

That same anonymous person posted again, said they will bleed it out to 35k then whack it to 25k.

We are here now right at 35k so let’s see....... maybe they just liquidate the shit out of longs? We have seen them do this in the past.

Missed this, thanks for the heads up.

Quote from: Bindare_Dundat on May 21, 2021, 01:30:25 PM
Cmon guys. You don't believe that tin foul hat stuff. Its just some jack ass posting shit. 

No one with that kinda money is on the internet posting that crap.

He posted the correct day for a once in a year (and a bit) event. Odds of around 400/1. Predicted the hour, odds of 23/1. Predicted the dip price 10/1.

Chances of someone guessing all that randomly is almost 100,000/1.

I'm tethering.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 21, 2021, 02:26:41 PM
25k within reach.

Asian market still has to wake up to this.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 21, 2021, 02:44:57 PM
Quote from: Flexacon on May 21, 2021, 07:57:44 AM
China FUD, US FUD and BlockFi retardation.

Looking to buy Eth at 2k, Dot 20, Ada 1.25. Don't think they'll get that low though.

If memory serves correctly, next FUD will be denial of BTC ETF. I transferred 45 ETH from blockfi to celsius, transaction was flawless. They are not suspending withdrawals.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 21, 2021, 03:11:06 PM
Quote from: Flexacon on May 21, 2021, 02:23:20 PM
Missed this, thanks for the heads up.

He posted the correct day for a once in a year (and a bit) event. Odds of around 400/1. Predicted the hour, odds of 23/1. Predicted the dip price 10/1.

Chances of someone guessing all that randomly is almost 100,000/1.

I'm tethering.


Correct day for what exactly? And when was this particular thing announced?
Lmao. Ok. This should get interesting. What's the next move according to this insider?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 21, 2021, 03:18:40 PM
Quote from: Bindare_Dundat on May 21, 2021, 03:11:06 PM

Correct day for what exactly? And when was this particular thing announced?
Lmao. Ok. This should get interesting. What's the next move according to this insider?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on May 21, 2021, 03:22:13 PM
Stimulus checks stopped flowing and the crypto market crashes. Sigh.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 21, 2021, 03:46:12 PM
Quote from: Griffith on May 21, 2021, 03:18:40 PM


That was 2 days ago. What's significance does any of that have today?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 21, 2021, 04:28:11 PM
Quote from: Mayday on May 21, 2021, 01:18:11 PM
Glassnode shows the buyers from the last dip are the big fish and whales.

That same anonymous person posted again, said they will bleed it out to 35k then whack it to 25k.

We are here now right at 35k so let’s see....... maybe they just liquidate the shit out of longs? We have seen them do this in the past.

It doesn't look like it was the same poster. Hard to tell on 4chan though, but looks like BS.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 22, 2021, 01:10:00 AM
When do we hit 25k? 7 am or pm?  ::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 22, 2021, 01:29:30 AM
a low of around $ 33.729 was reached yesterday in BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 22, 2021, 01:30:39 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 22, 2021, 02:31:10 AM
Quote from: Bindare_Dundat on May 22, 2021, 01:10:00 AM
When do we hit 25k? 7 am or pm?  ::)

We'll hit 25K once you decide to pull the trigger and buy at the peak  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 22, 2021, 03:14:00 AM
Quote from: Flexacon on May 22, 2021, 02:31:10 AM
We'll hit 25K once you decide to pull the trigger and buy at the peak  :D

LOL

Thick order book at 28k-30k but who knows as 20k is getting thrown around and under that it’s 11k or so. It sure felt like everybody already capitulated at 35k but clearly they want to go around and stab each dead body a few times just to be sure.

Tesla is underwater at 34k. Microstrategy is underwater at around 27k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 22, 2021, 04:14:09 AM
Quote from: Flexacon on May 22, 2021, 02:31:10 AM
We'll hit 25K once you decide to pull the trigger and buy at the peak  :D

Aaww, why so bitter? Just buy the derp.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 22, 2021, 04:28:13 AM
Quote from: Bindare_Dundat on May 22, 2021, 04:14:09 AM
Aaww, why so bitter? Just buy the derp.

What would I have to be bitter about? I was the one warning about an early summer corrections weeks leading up to it. Meanwhile you post a toddler tantrum every time there is a minor price correction .

Get back to me once you've figured why altcoin prices move with BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 22, 2021, 04:31:18 AM
Quote from: Flexacon on May 22, 2021, 04:28:13 AM
What would I have to be bitter about? I was the one warning about an early summer corrections weeks leading up to it. Meanwhile you post a toddler tantrum every time there is a minor price correction .

Get back to me once you've figured why altcoin prices move with BTC.
Lmao,I get 184% profit trades  and you hodl doge, tether it when it drop 50%
Yeah, you're bitter and ill throw in sour as well. Lol  back to 4chan for crypto news.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 22, 2021, 04:41:36 AM
Quote from: Bindare_Dundat on May 22, 2021, 04:31:18 AM
Lmao,I get 184% profits trades  and you hodl doge.
Yeah, you're bitter and ill throw in sour as well. Lol

I held Eth from 2018 at $100 and rode it up and sold at £4k. Proof is in the thread. I always enjoy being given the chance to post about it, so TY. lol at bragging about 184% profits
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 22, 2021, 04:47:23 AM
Quote from: Flexacon on May 22, 2021, 04:41:36 AM
I held Eth from 2018 at $100 and rode it up and sold at £4k. Proof is in the thread. I always enjoy being given the chance to post about it, so TY. lol at bragging about 184% profits

Congrats man  you managed to figure out  buy and hold, maybe now you can show me how to make 200% profits in less then day since 184% just isnt impressive enough for you.  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 22, 2021, 04:58:13 AM
Quote from: Bindare_Dundat on May 22, 2021, 04:47:23 AM
Congrats man  you managed to figure out  buy and hold, maybe now you can show me how to make 200% profits in less then day since 184% just isnt impressive enough for you.

Why would I be impressed by 184% profits from a day trader? You'll lose that same amount tomorrow and be back to zero.

Work out your total profits over several years (if you have any) and the time you put into trading, and you'll find you'd have been better off flipping burgers at McDonalds.

You give up your advantage in cryptos by day trading. The fact you don't realise that and lose sleep cos you're scared of missing an opportunity just screams degenerate gambler. Keep at it though. I enjoy your meltdowns.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 22, 2021, 05:14:09 AM
Quote from: Flexacon on May 22, 2021, 04:58:13 AM
Why would I be impressed by 184% profits from a day trader? You'll lose that same amount tomorrow and be back to zero.

Work out your total profits over several years (if you have any) and the time you put into trading, and you'll find you'd have been better off flipping burgers at McDonalds.

You give up your advantage in cryptos by day trading. The fact you don't realise that and lose sleep cos you're scared of missing an opportunity just screams degenerate gambler. Keep at it though. I enjoy your meltdowns.

Glad youre entertained brother.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 22, 2021, 07:13:41 AM
We are still up 300% on the year. But still, its usually at times like this that perma-bears like Mr Anabolic emerge seeking self validation for their "once in a day even a broken clock tells the right time" moment...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 22, 2021, 08:19:15 AM
https://decrypt.co/71724/goldman-sachs-reconsiders-whether-bitcoin-is-legitimate-asset

Goldman Sachs Reconsiders Whether Bitcoin is Legitimate Asset

Little over a year ago, the investment bank said crypto was not an asset class. Now it’s taking a second look.

360 days, one global pandemic and a momentous Bitcoin bull run later, and Goldman Sachs has re-evaluated its initial position.

Bitcoin and Ethereum have generated profitable returns for investors over the course of most of the global pandemic—this week’s massive crash aside—prompting a debate over whether Bitcoin was, in fact, a hedge against inflation.

Goldman Sachs has slowly backtracked on their initial hard line vis-a-vis cryptocurrencies. In August last year, the investment bank announced its interest in creating its own stablecoin, and shortly after, announced it was looking to hire a Vice President of Digital Assets.

Since then, the banking giant has taken big steps to incorporate cryptocurrencies into its banking practice.

In March, Goldman Sachs resumed trading Bitcoin futures for the first time since 2018, and at the beginning of this month, it expanded the offering to other Wall Street firms.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on May 22, 2021, 10:50:34 AM
This quote applies to Bitcoin as well.  Money is made during the heinous dips.  Buy low, sell high.  Idiots panic sell at a loss..

(https://external-content.duckduckgo.com/iu/?u=http%3A%2F%2Fwww.azquotes.com%2Fpicture-quotes%2Fquote-the-stock-market-is-a-wonderfully-efficient-mechanism-for-transferring-wealth-from-the-warren-buffett-87-70-76.jpg&f=1&nofb=1)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 22, 2021, 01:29:50 PM
Quote from: Flexacon on May 22, 2021, 04:58:13 AM
Why would I be impressed by 184% profits from a day trader? You'll lose that same amount tomorrow and be back to zero.

Work out your total profits over several years (if you have any) and the time you put into trading, and you'll find you'd have been better off flipping burgers at McDonalds.

You give up your advantage in cryptos by day trading. The fact you don't realise that and lose sleep cos you're scared of missing an opportunity just screams degenerate gambler. Keep at it though. I enjoy your meltdowns.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 23, 2021, 01:53:47 AM
2000 dollar eth coming up.
17 dollar chainlink.
1.26 cardano
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 23, 2021, 02:11:18 AM
$ 34,640.01

it is a very strange whipsaw up and down in the bitcoin price. I don't think the bottom is in yet.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 23, 2021, 02:12:59 AM
Chainlink new low: $ 19.20
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 23, 2021, 02:23:02 AM
The dip could turn into another crash once Americans start waking up. Tether could implode too if people decide to withdraw en masse. I'm out of the exchanges.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 23, 2021, 02:50:17 AM
I think we're gonna see record viewership on the crypto channels today.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 23, 2021, 02:51:08 AM
Quote from: FitnessFrenzy on May 23, 2021, 02:12:59 AM
Chainlink new low: $ 19.20

Just above 17 on bybit.  :-\
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 23, 2021, 04:50:19 AM
More FUD this time from Jerome Powell. Don't fall for it people. They want to see crypto fail so they can say see we told you so! HODL that shit!

Ethereum co-founder on why he got into crypto: Empower the little guy, ‘screw’ the big guy — ‘they already have enough money’

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 23, 2021, 05:21:38 AM
Quote from: obsidian on May 23, 2021, 04:50:19 AM
More FUD this time from Jerome Powell. Don't fall for it people. They want to see crypto fail so they can say see we told you so! HODL that shit!

Ethereum co-founder on why he got into crypto: Empower the little guy, ‘screw’ the big guy — ‘they already have enough money’



Looks like the bitcoin mining ban in China is a reality. More news came out that seems to confirm its not just fud.

Some good buys now if you still feel nclined to take the chance were going to 100k this year.


In the interm, the carnage continues.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 23, 2021, 06:19:56 AM
Terra is down 79 % from its high.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on May 23, 2021, 06:23:10 AM
Quote from: Bindare_Dundat on May 23, 2021, 02:51:08 AM
Just above 17 on bybit.  :-\

This is a steal for link.contemplating buying another 500.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 23, 2021, 06:38:21 AM
bitcoin $ 32,772.94
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 23, 2021, 06:47:40 AM
Quote from: robcguns on May 23, 2021, 06:23:10 AM
This is a steal for link.contemplating buying another 500.

I'm not sure we're done with these dips/mini crashes. Plenty more potential FUDS to come before we see some light and get some breathing room.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 23, 2021, 07:09:19 AM
Quote from: robcguns on May 23, 2021, 06:23:10 AM
This is a steal for link.contemplating buying another 500.

If all us getbiggers buy now we could turn this ship around.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on May 23, 2021, 07:12:48 AM
Quote from: Bindare_Dundat on May 23, 2021, 05:21:38 AM
Looks like the bitcoin mining ban in China is a reality. More news came out that seems to confirm its not just fud.

Some good buys now if you still feel nclined to take the chance were going to 100k this year.


In the interm, the carnage continues.




100k??? Getting back to $60k would be a Miracle.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 23, 2021, 07:21:47 AM
Quote from: El Diablo Blanco on May 23, 2021, 07:12:48 AM
100k??? Getting back to $60k would be a Miracle.

You're that optimistic huh?  ;)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 23, 2021, 08:36:27 AM
Hmmm, seems like the perfect storm against all cryptocurrencies.


As I've said before (in this thread, many pages ago), I believe that the US Government + Federal Reserve won't give up its standing as the leading world superpower so easily by just handing over the keys as the world reserve currency to decentralized finance/currency in the form of cryptocurrencies. I believe cryptocurrencies could very well be the way of the future, as the idea of central banks controlling all world currencies is becoming outdated and quite troublesome via their incessant manipulation of currencies like the US dollar with excessive monetizing of debt (i.e. printing of money) and with obvious inflationary outcomes that are slowly creeping in. I believe that more and more countries (like China & Russia) are getting hip to the fact that the US can't keep this shit going for much longer without the bubble popping. Problem is that all men desire power. Having the world reserve currency gives the USA so much power over the other countries of the world. That said, with the green new deal vision that democrats have and the idea of having less dependence on oil being part of their agenda, there will come a time where the Petro-Dollar won't be as important as it now is. Additionally, China being the world leader on trade, with the US barely putting anything out by way of exports, suggests strongly that the new superpower that will slowly be taking over the helm is none other than China (I could be very wrong, but other great economical thinkers/players like Ray Dalio would suggest that I am right).

Whether or not the aforementioned line of events (in bullet points) will be the final nail needed to seal the crypto coffin is unknown. These events might just lead to another "great crypto winter" of sorts with a bearish market. Still, I do believe that many big players are coming together to put a stake through the heart of Bitcoin. It could be the end or simply be a GREAT opportunity to buy up more BTC at discount prices.

One thing I do believe is that these current events will likely not bring about the end of ALL cryptocurrencies, but instead could bring down BitCoin from its top position. Many people call BTC blind, death and dumb for good reason. The argument that it's a store of wealth is getting defeated (currently). Its detrimental effects on the environment, no matter how statistically small you can paint it, are still there. I still see other cryptocurrencies surviving this and possibly rebounding quite well, due to the fact that they don't all function in similar fashion to BitCoin. The most obvious one I can see surviving this is VeChain, if you know of others, let us know, as I would love to do some research on them.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 23, 2021, 09:03:54 AM
Quote from: OneMoreRep on May 23, 2021, 08:36:27 AM
Hmmm, seems like the perfect storm against all cryptocurrencies.

  • The US Federal Reserve is finalizing the US digital dollar

The most obvious one I can see surviving this is VeChain, if you know of others, let us know, as I would love to do some research on them.

"1"

XRP ~ It has use beyond decentralized crypto

Also consider that the digital Yuan is ready, the bank of England is looking at digital plus digital euro.

The SEC issues for XRP are also interesting. Might need to wear some tinfoil when diving into that.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 23, 2021, 09:04:56 AM
Quote from: OneMoreRep on May 23, 2021, 08:36:27 AM
Hmmm, seems like the perfect storm against all cryptocurrencies.

  • China bans BTC mining
  • The US Federal Reserve is finalizing the US digital dollar
  • Elon Musk spent the better part of a month destroying BitCoin
  • Bitcoin is currently priced at around $33K at the time of this post (Close to a 50% drop from its ATH of $63K+)

As I've said before (in this thread, many pages ago), I believe that the US Government + Federal Reserve won't give up its standing as the leading world superpower so easily by just handing over the keys as the world reserve currency to decentralized finance/currency in the form of cryptocurrencies. I believe cryptocurrencies could very well be the way of the future, as the idea of central banks controlling all world currencies is becoming outdated and quite troublesome with their incessant manipulation of currencies like the US dollar with excessive monetizing of debt (i.e. printing of money) and with obvious inflationary outcomes that are slowly creeping in. I believe that more and more countries (like China & Russia) are getting hip to the fact that the US can't keep this shit going for much longer without the bubble popping. Problem is that all men desire power. Having the world reserve currency gives the USA so much power over the other countries of the world. That said, with the green new deal vision that democrats have and the idea of having less dependence on oil being part of their agenda, there will come a time where the Petro-Dollar won't be as important as it now is. Additionally, China being the world leader on trade, with the US barely putting anything out by way of exports, suggests strongly that the new superpower that will slowly be taking over the helm is none other than China (I could be very wrong).

Whether or not the aforementioned line of events (in bullet points) will be the final nail needed to seal the crypto coffin is unknown, this might just lead to another winter of sorts with a bearish market. I do believe that many big players are coming together to put a stake through the heart of Bitcoin. It could be the end or could simply be a GREAT opportunity to buy up more BTC at discount prices.

One thing I do believe is that these current events will likely not bring about the end of ALL cryptocurrencies, but instead could bring down BitCoin from its top position. Many people call BTC blind, death and dumb for good reason. The argument that it's a store of wealth is getting defeated (currently). Its detrimental effects on the environment, no matter how statistically small you can paint it, are still there. I still see other cryptocurrencies surviving this and possibly rebounding quite well, due to the fact that they don't all function in similar fashion to BitCoin. The most obvious one I can see surviving this is VeChain, if you know of others, let us know, as I would love to do some research on them.

"1"

Where are you deriviving such information...or is this your personal opinion?  Onchain anaylsis indicates shitcoins are rotating into bitcoin. Capital is flowing out of Ethereum and into Bitcoin. Despite already falling -25% from 8 million to 6 million sats in a week.
Shitcoiners think their projects can stand on their own, markets and sentiment show otherwise. Just like 2018, shitcoins are being bled dry and btc hodlers are the only ones with true conviction.

China banning mining.....even if so this is great news.
Federal reserve finalising digital $....better let Bevo know, he is still waiting for doge to be pegged to USD.

Nothing is dead or dying, just another market  cycle in an unchartered new asset class. This most likel will be a mini bear market within a bull cycle.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 23, 2021, 09:22:46 AM
Quote from: Theoak* on May 23, 2021, 09:04:56 AM
Where are you deriviving such information...or is this your personal opinion? 

My personal opinion, hence why I preemptively started my paragraphs and most sentences with "I believe".

"1"

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 23, 2021, 09:34:28 AM
Savage destruction. It would be glorious if the whale motive theory were to kick in now and they started buying everything up and killed the shorts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 23, 2021, 09:35:06 AM
Quote from: Theoak* on May 23, 2021, 09:04:56 AM
Where are you deriviving such information...or is this your personal opinion?  Onchain anaylsis indicates shitcoins are rotating into bitcoin. Capital is flowing out of Ethereum and into Bitcoin. Despite already falling -25% from 8 million to 6 million sats in a week.
Shitcoiners think their projects can stand on their own, markets and sentiment show otherwise. Just like 2018, shitcoins are being bled dry and btc hodlers are the only ones with true conviction.

China banning mining.....even if so this is great news.
Federal reserve finalising digital $....better let Bevo know, he is still waiting for doge to be pegged to USD.

Nothing is dead or dying, just another market  cycle in an unchartered new asset class. This most likel will be a mini bear market within a bull cycle.

The shittest of shitcoins SHIB is green for the past 24 hours  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 23, 2021, 09:37:20 AM
Quote from: Flexacon on May 23, 2021, 09:35:06 AM
The shittest of shitcoins SHIB is green for the past 24 hours  :D

If that one of those that if you sell, other holders get a percentage of your coins?

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 23, 2021, 09:44:18 AM
More Elon tweets. What an absolute tard. Hes getting  a kick out of this.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 23, 2021, 09:59:22 AM
Quote from: OneMoreRep on May 23, 2021, 09:37:20 AM
If that one of those that if you sell, other holders get a percentage of your coins?

"1"

Not sure, but it's a scam coin billed as doge II

Biggest scam right now though could be tether. It's holding $60billion. Can't see what would stop those behind tether doing a runner with that money.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 23, 2021, 10:07:35 AM
Wow, eth went from 1780 to 2000 in like 10 minutes  lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 23, 2021, 10:10:19 AM
Quote from: Flexacon on May 23, 2021, 09:35:06 AM
The shittest of shitcoins SHIB is green for the past 24 hours  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 23, 2021, 10:12:36 AM
Quote from: OneMoreRep on May 23, 2021, 09:22:46 AM
My personal opinion, hence why I preemptively started my paragraphs and most sentences with "I believe".

"1"

Yep, sorry 3am here.  I hope you're  still in this space 5-10years from now.  Its ever evolving and so will your sentiment.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 23, 2021, 10:27:52 AM
Quote from: Theoak* on May 23, 2021, 10:12:36 AM
Yep, sorry 3am here.

No worries brother. 

Quote from: Theoak* on May 23, 2021, 10:12:36 AM
I hope you're  still in this space 5-10years from now.

I plan to be.

Quote from: Theoak* on May 23, 2021, 10:12:36 AM
Its ever evolving and so will your sentiment.

Remember, I've said in this same thread before (although it is probably hidden throughout the hundreds of pages) that I've allocated close to about 10% of my portfolio into crypto. I'm not ballsy enough to throw any more into it, but I have vested interest in the success of numerous cryptos (BitCoin included).

But based on my level of academic training (Accounting & Finance) and individual technical analysis, there are things that one can not simply assume or take for granted.

I hold on to this quote from John Maynard Keynes when analyzing the crypto market:

"It is dangerous...to apply to the future inductive arguments based on past experience, unless one can distinguish the broad reasons why past experience was what it was."

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on May 23, 2021, 01:10:29 PM
Quote from: Bindare_Dundat on May 23, 2021, 10:07:35 AM
Wow, eth went from 1780 to 2000 in like 10 minutes  lol

Dude, I saw this.

It literally moved 200 bucks before/after vacuuming my bedroom.

Was going to buy at 1800, and missed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 23, 2021, 02:34:50 PM
Twitter ‘knife grabs’ are all buying tops on the way down.

On the weekly chart March 2020. 3 weeks down. Close to close -47%. Wick to wick -63%.

So far 2 weeks and we start the 3rd week in a few hours and we are coming into the closing of the month. Incredibly high odds we are going lower again this week.

Current drop close to close -38%. Wick to wick -53%.

The wick to 30k possibly an indicator of a future daily close at 30k and wick to 25?. ETHBTC daily close around 5.5 price target 1,650 with a wick to 1,400? Seasonality is still in play.

2013 had a first peak and pullback of -53%. If we settle around 30k we will go up again for another peak.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 23, 2021, 03:14:42 PM
Quote from: Mayday on May 23, 2021, 02:34:50 PM
Twitter ‘knife grabs’ are all buying tops on the way down.

On the weekly chart March 2020. 3 weeks down. Close to close -47%. Wick to wick -63%.

So far 2 weeks and we start the 3rd week in a few hours and we are coming into the closing of the month. Incredibly high odds we are going lower again this week.

Current drop close to close -38%. Wick to wick -53%.

The wick to 30k possibly an indicator of a future daily close at 30k and wick to 25?. ETHBTC daily close around 5.5 price target 1,650 with a wick to 1,400? Seasonality is still in play.

2013 had a first peak and pullback of -53%. If we settle around 30k we will go up again for another peak.


I think the worst is over.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on May 23, 2021, 03:51:22 PM
Quote from: Bindare_Dundat on May 23, 2021, 03:14:42 PM

I think the worst is over.

What about the weekly close (today) under the 20 week EMA?  Most people saying that this confirms the bear market.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 23, 2021, 04:07:48 PM
Quote from: Pray_4_War on May 23, 2021, 03:51:22 PM
What about the weekly close (today) under the 20 week EMA?  Most people saying that this confirms the bear market.

I dont think much of it.  we'll find out soon enough. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on May 23, 2021, 04:49:15 PM
Quote from: Bindare_Dundat on May 23, 2021, 04:07:48 PM
I dont think much of it.  we'll find out soon enough.

I still have limit orders in for 22K in case we get a further dump.  Looking forward to seeing how this plays out over the next few weeks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 23, 2021, 05:08:38 PM
Quote from: Pray_4_War on May 23, 2021, 04:49:15 PM
I still have limit orders in for 22K in case we get a further dump.  Looking forward to seeing how this plays out over the next few weeks.

I would be absolutely shocked if it got to that price. I've been longing since 32177.

Cardano almost up 15%
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on May 23, 2021, 05:14:30 PM
Quote from: Bindare_Dundat on May 23, 2021, 05:08:38 PM
I would be absolutely shocked if it got to that price. I've been longing since 32177.

Cardano almost up 15%

I'd be happy if it got to 30K again.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Royalty on May 23, 2021, 05:29:23 PM
🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸

https://www.instagram.com/p/CPOxai0lONz/?utm_medium=copy_link

🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 23, 2021, 05:30:45 PM
Quote from: Pray_4_War on May 23, 2021, 05:14:30 PM
I'd be happy if it got to 30K again.

i would love to see it fall more - will start topping up more below 20K (if it ever gets there).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 23, 2021, 05:34:11 PM
I would urge all to not be selfish and buy alts. That's what caused this mess. If we all stick to the universal truth of BTC, we all collectively benefit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 23, 2021, 05:35:28 PM
Quote from: Pray_4_War on May 23, 2021, 05:14:30 PM
I'd be happy if it got to 30K again.

Did you buy the last drop?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 23, 2021, 05:36:01 PM
Quote from: gib on May 23, 2021, 05:34:11 PM
I would urge all to not be selfish and buy alts. That's what caused this mess. If we all stick to the universal truth of BTC, we all collectively benefit.

no it wasnt dude. lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on May 23, 2021, 06:14:19 PM
Quote from: Bindare_Dundat on May 23, 2021, 05:35:28 PM
Did you buy the last drop?

Yeah, but I didn't get it at the bottom when it wicked just under 30K.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on May 23, 2021, 06:45:47 PM
Saw this today.  What is everyone's opinon on it?  Will it take off?  Affect bitcoin and the others?

---
America may develop its own digital currency. Read on to learn more about the Federal Reserve's announcement on a digital dollar.

Federal Reserve Chair Jerome Powell announced yesterday that the Fed is exploring the creation of a U.S. digital dollar. This would essentially be a cryptocurrency controlled by the central bank.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 23, 2021, 06:47:35 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on May 23, 2021, 06:59:45 PM
Quote from: LurkerNoMore on May 23, 2021, 06:45:47 PM
Saw this today.  What is everyone's opinon on it?  Will it take off?  Affect bitcoin and the others?

---
America may develop its own digital currency. Read on to learn more about the Federal Reserve's announcement on a digital dollar.

Federal Reserve Chair Jerome Powell announced yesterday that the Fed is exploring the creation of a U.S. digital dollar. This would essentially be a cryptocurrency controlled by the central bank.

I don't know what the market is going to do but in my opinion the government creating it's own cryptocurrency is another reason why we need Bitcoin.

Everything the government does is intended to vacuum money and power from us and give it to them.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 23, 2021, 07:00:40 PM
Quote from: Pray_4_War on May 23, 2021, 06:59:45 PM
I don't know what the market is going to do but in my opinion the government creating it's own cryptocurrency is another reason why we need Bitcoin.

Everything the government does is intended to vacuum money and power from us and give it to them.
Yes I agree. The government should be taken down a notch. It needs a 99.999% correction.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 23, 2021, 07:03:15 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 23, 2021, 09:34:46 PM
Quote from: Pray_4_War on May 23, 2021, 03:51:22 PM
What about the weekly close (today) under the 20 week EMA?  Most people saying that this confirms the bear market.

It means we are going down but doesn’t yet mean it’s a full bear market (as in let’s wait 3 more years for another shot).

All these ‘buy the dips’ are going to become a daily close. Shortly a 30k buy will be an easy market fill order you can place anytime. You should look towards 23k IMO for a proper wick dip.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 23, 2021, 10:06:17 PM
Quote from: Pray_4_War on May 23, 2021, 06:59:45 PM
I don't know what the market is going to do but in my opinion the government creating it's own cryptocurrency is another reason why we need Bitcoin.

Everything the government does is intended to vacuum money and power from us and give it to them.

Agree. A government coin will be a huge driver for BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on May 23, 2021, 10:07:03 PM
Quote from: obsidian on May 23, 2021, 07:00:40 PM
Yes I agree. The government should be taken down a notch. It needs a 99.999% correction.


Haha...yeah. That's what crypto was supposed to do. You think the govts that go to war for SWIFT will just let other cryptos exist?

Anybody up for game of catch a falling knife?

(https://static.tigerbbs.com/f414d8391acec8bb9f57792a40052490)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 24, 2021, 01:40:37 AM
Quote from: Mayday on May 23, 2021, 09:34:46 PM
It means we are going down but doesn’t yet mean it’s a full bear market (as in let’s wait 3 more years for another shot).

All these ‘buy the dips’ are going to become a daily close. Shortly a 30k buy will be an easy market fill order you can place anytime. You should look towards 23k IMO for a proper wick dip.

23? Really? Is this based partially on your comparisons to a previous cycle in the prior post?
I dont think well see it , but should it happen id go on one hell of buying spree. We could retest a lower support area like 32k area but 23 seems all too low.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 24, 2021, 01:50:41 AM
Quote from: Bindare_Dundat on May 24, 2021, 01:40:37 AM
23? Really? Is this based partially on your comparisons itona previous cycle n the prior post?
I dont think well see it , but should it happen id go on one hell of buying spree. We could retest a lower support area like 32k area but 23 seems all too low.

my track record for pullbacks is better than my peaks LMAO <face palm>

A 53% decline gives a 30.3k close.

The initial wick hit 30k which supports the above pullback figure. We have seen in history initial wicks proving to be indicative of future daily closes. Not in every case but in big pullbacks it is a trend.

The Fib level below 30k is approx 23.8k which means a savage wick could look to that territory.

Before a rally we have seen savage 1 day dips followed by 1 day rally and then up.

Seasonality is still in play for Alts regardless of what people say.

My initial estimate for June was BTC 38k and ETH 5K and then I told myself I was full of shit and I went full retard. Well, seems like I was into something lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 24, 2021, 02:09:45 AM
Quote from: Mayday on May 24, 2021, 01:50:41 AM
my track record for pullbacks is better than my peaks LMAO <face palm>

A 53% decline gives a 30.3k close.

The initial wick hit 30k which supports the above pullback figure. We have seen in history initial wicks proving to be indicative of future daily closes. Not in every case but in big pullbacks it is a trend.

The Fib level below 30k is approx 23.8k which means a savage wick could look to that territory.

Before a rally we have seen savage 1 day dips followed by 1 day rally and then up.

Seasonality is still in play for Alts regardless of what people say.

My initial estimate for June was BTC 38k and ETH 5K and then I told myself I was full of shit and I went full retard. Well, seems like I was into something lol.

I always look forward to hearing what you expect next.  I wouldn't mind another opportunity to trade this back down or up. These latest ones ended up being very profitable.

 I know its been a crazy few days but have you had a chance to do any back testing with those scripts?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 24, 2021, 02:21:38 AM
Who remembers Zucks post not long before a dip and subsequent crash. Everyone thought it was bullish, but he must have known and was trolling.

(https://blueprint-api-production.s3.amazonaws.com/uploads/story/thumbnail/127464/c8575844-ec96-4900-85a7-282d7720b9ca.png)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 24, 2021, 03:04:53 AM
Quote from: Flexacon on May 24, 2021, 02:21:38 AM
Who remembers Zucks post not long before a dip and subsequent crash. Everyone thought it was bullish, but he must have known and was trolling.

People are trying to make his post fit after the fact.
 
Peak BtC price was 14th April.

So no, Zuckerberg was a month late LOL.

Quote from: Bindare_Dundat on May 24, 2021, 02:09:45 AM
I always look forward to hearing what you expect next.  I wouldn't mind another opportunity to trade this back down or up. These latest ones ended up being very profitable.

 I know its been a crazy few days but have you had a chance to do any back testing with those scripts?

Not yet, I’ve had a busy 2 weeks. Got a meeting with a CFO tomorrow which I’m looking forward to.

In a nutshell the weekly money flow is showing green meaning price action long term is still in play. However The momentum has just about to dip so expect weeks in a downward price trend. To me nothing says we are going up in the short term.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 24, 2021, 04:35:15 AM
Quote from: Mayday on May 24, 2021, 03:04:53 AM
People are trying to make his post fit after the fact.
 
Peak BtC price was 14th April.

So no, Zuckerberg was a month late LOL.

Not yet, I’ve had a busy 2 weeks. Got a meeting with a CFO tomorrow which I’m looking forward to.

In a nutshell the weekly money flow is showing green meaning price action long term is still in play. However The momentum has just about to dip so expect weeks in a downward price trend. To me nothing says we are going up in the short term.

Weekly looks to me like vwap is actually starting to curve upwards, indicating continues uptrend. Stochastic is scrapping the bottom and looks like its ready to shoot up and rsi is also heading into oversold territory. Looks pretty bullish but like you said, that could change depending on short term movement.

Just don't see us going to a lower low in the short term.

38k40k area, retest 32k-34k area at worst.

Man I'd love to make another long trade like  the current one again. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 24, 2021, 04:36:37 AM
Quote from: Mayday on May 24, 2021, 03:04:53 AM
People are trying to make his post fit after the fact.
 
Peak BtC price was 14th April.

So no, Zuckerberg was a month late LOL.


He posted on the 10th of May. BTC had been steadily climbing and hit 59K. Dropped 10k in 48 hours after that as hasn't stopped bleeding. You don't need to make it fit. It fits!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 24, 2021, 04:41:26 AM
Zuck is a smart guy. He knows about long term investment and network effects. The fact that he went Max Bitcoin is a very positive signal. I wonder how much he got. I would suspect he and FB exects are accumulating, then FB treasury announces a holding, and then they enable transactions via FB. Much easier to implement than Libra, and can make huge money on trading commissions.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 24, 2021, 04:55:33 AM
General public needs to stop sucking off the billionaires. They are all cancer when is comes to this stuff. When we put so much value on what they say and do with bitcoin, we give them power to influence its action, ala Elon Muskrat. We are better off if we just ignore them and tell.others to do the same.

Looking for clues in their tweets is like looking for trading signals in tea leavees.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 24, 2021, 05:41:48 AM
Quote from: Flexacon on May 24, 2021, 04:36:37 AM
He posted on the 10th of May. BTC had been steadily climbing and hit 59K. Dropped 10k in 48 hours after that as hasn't stopped bleeding. You don't need to make it fit. It fits!

**Edit —> apologies I think I may have sounded rude when I was trying to make a joke about Zuck.

The market was simply way overheated and had been for some months.

Both Elon and Zuck tweeted at times to make it appear they have the power via tweet to make markets move. They don’t.

It’s akin to just as someone begins the movement to jump off a bridge you yell ‘jump dickhead’ and then everyone is in awe of you because you made someone jump off a bridge.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 24, 2021, 06:13:02 AM
Quote from: Mayday on May 24, 2021, 05:41:48 AM
So he doesn’t understand what ‘max’ means? Peak (max) price was 64.5k in April.

 If by ‘it fits’ you mean he was a month late and 10% off we’ll then ok sure lol  :D

The market was simply way overheated and had been for some months.

I commented about that exact thing before all this happened. the MvRv was crazy overheated which is why we saw price rocket and stall just as quickly. Garden hose hooked up to a fire hydrant, it couldn’t cope with such a massive capital inflow.

I’d wager it’s probable we may not even get a straight run to 220k+ and instead we see a 130k peak and blowup next and everyone will blame Elon again.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 24, 2021, 06:20:07 AM
Quote from: Theoak* on May 24, 2021, 06:13:02 AM


 ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 24, 2021, 06:21:37 AM
Quote from: Bindare_Dundat on May 24, 2021, 04:35:15 AM
Just don't see us going to a lower low in the short term.

38k40k area, retest 32k-34k area at worst.

Man I'd love to make another long trade like  the current one again.  Raking it in.

Take a step further out and look at the monthly dude.

Stoch RSI maxed out already. current downward trend sitting at 70 on the 1st May. In a week’s time we will get another monthly print and be 50 or so. In 2013 first peak the monthly RSI went down to 28 before recovering. It could be months before we see upward momentum (but BTC could be stable).

Monthly RSI peaked 91 in March, 89 April then 60 on 1st May and in a week’s time maybe into the 40s which positions us well for a bottom.


Testing 38k right now but 1hr and 4hr stoch rsi are already at the top and about to start a downward trend. Twitter bragging ‘did you buy the dip’ is asking for carnage.

Too add to the above, the price action is a downward trend at the end of each month.

Jan 27th bottom
Feb 28Th bottom
Mar 25th bottom
Apr 25th bottom

Make of that what you will as I have been utterly useless of late.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 24, 2021, 06:29:49 AM
Quote from: Mayday on May 24, 2021, 06:21:37 AM
Take a step further out and look at the monthly dude.

Stoch RSI maxed out already. current downward trend sitting at 70 on the 1st May. In a week’s time we will get another monthly print and be 50 or so. In 2013 first peak the monthly RSI went down to 28 before recovering. It could be months before we see upward momentum (but BTC could be stable).

Monthly RSI peaked 91 in March, 89 April then 60 on 1st May and in a week’s time maybe into the 40s which positions us well for a bottom.


Testing 38k right now but 1hr and 4hr stoch rsi are already at the top and about to start a downward trend. Twitter bragging ‘did you buy the dip’ is asking for carnage.

Too add to the above, the price action is a downward trend at the end of each month.

Jan 27th bottom
Feb 28Th bottom
Mar 25th bottom
Apr 25th bottom

Make of that what you will as I have been utterly useless of late.

Oh, you're right 1 hr. stochastic has been at the ceiling for some time. 4 hr. does look like it might be  ready to curve down. Youre also right about the monthly.

I was reading off the weekly, which looks the most potentially bullish to me, especially looking at the daily which has the oscillators gearing up.


You havent been useless, hearing different opinions is a good thing. You just reminded to look at the monthly, which I haven't done in a long while and I forgot about the price drops atthe ned of the month as well. All good things to be evaluating..

Alot of good info from some posters here.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 24, 2021, 07:31:23 AM
for the broader crypto market (all coins), I think the bottom is in now and that we go up again from here.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 24, 2021, 07:38:47 AM
Quote from: Mayday on May 24, 2021, 05:41:48 AM
**Edit —> apologies I think I may have sounded rude when I was trying to make a joke about Zuck.

The market was simply way overheated and had been for some months.

Both Elon and Zuck tweeted at times to make it appear they have the power via tweet to make markets move. They don’t.

It’s akin to just as someone begins the movement to jump off a bridge you yell ‘jump dickhead’ and then everyone is in awe of you because you made someone jump off a bridge.

I don't think Zuck moved the market, I was more pointing out he must of known what was coming and was trolling.

Starting to think Elon knew too. His recent tweets didn't actually move the BTC or Doge at all. His earlier tweets that appear like they moved the markets look much more like BS now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on May 24, 2021, 08:47:55 AM
Up around 38K.   Bull trap?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 24, 2021, 09:29:34 AM
Just closed my long. Good run.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 24, 2021, 10:29:19 AM
.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 24, 2021, 12:11:14 PM
Quote from: FitnessFrenzy on May 24, 2021, 10:29:19 AM
.

Cool
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on May 24, 2021, 06:35:12 PM
Last few days everybody was acting like it's the Bitcoin apocalypse and we're going bearish.  Today it shoots all the way back up to 40K.  Etherium up 25% in one fucking day.

I'm kinda pissed. lol.

 

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 24, 2021, 07:28:49 PM
Quote from: Pray_4_War on May 24, 2021, 06:35:12 PM
Last few days everybody was acting like it's the Bitcoin apocalypse and we're going bearish.  Today it shoots all the way back up to 40K.  Etherium up 25% in one fucking day.

I'm kinda pissed. lol.

 
Ethereum should never have corrected as much to begin with. I feel it is very undervalued compared to what it is bringing to the crypto space. And others agree.

https://www.forbes.com/sites/cbovaird/2021/05/24/ether-is-undervalued-after-surging-more-than-50-say-analysts/

Ether Is Undervalued After Surging More Than 50%, Say Analysts

Ether prices have had a great few days, rallying as the prominent digital currency experienced a natural recovery.

The world’s largest altcoin (digital currency besides bitcoin) climbed to as much as $2,707.82 today on CoinDesk.

At this point, the cryptocurrency was up more than 56% from the recent low of $1,733.58 it hit yesterday, additional CoinDesk figures reveal.

The digital asset enjoyed this strong, upward movement after experiencing some notable losses in the last few weeks, shedding more than half of its value since reaching an all-time high near $4,400 on May 12.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

‘Relief Rally’

Ether’s latest gains are the result of “a relief rally,” said digital currency investor Marius Rupsys.

“Crypto markets have a lot of leverage in 2021 compared to previous bull cycles in 2013 and 2017,” he noted.
 
“Therefore, we have wild swings both ways - upwards and downwards.” said Rupsys.

The “latest drop in digital asset prices was driven by overleverage and then forced liquidations that were triggered by Elon Musk and other events. We have days when $10 billion in crypto is liquidated in a single day,” he emphasized.

However, while the aforementioned conditions help fuel intense volatility in cryptocurrencies, they also create “opportunities to buy,” noted Rupsys.

Ether ‘Heavily Undervalued’

The Ethereum platform has been benefiting from significant development, and it has been drawing millions per day in fees from users.

Rupsys spoke to these conditions, noting that because it is the “most used blockchain and people pay a lot of fees to use it,” its native token, ether, is “heavily undervalued relative to recent prices.”

“This creates an opportunity for investors to buy it,” he stated.

Rik Willard, founder and managing director at Agentic Group, offered a similar point of view, also claiming that ether prices are undervalued, providing a buying opportunity for investors.

He asserted that for the time being, the altcoin’s price movements are frequently linked to those of bitcoin.

Ether “is the long-term steady performer and any dips are due to (increasingly irrelevant) links to the vicissitudes of Bitcoin at this still-early stage.”

Willard singled out Ethereum as being a platform with robust activity, one that developers use to build decentralized applications (DApps).

“That suggests an actual value prop that many profess to have, but few actually produce,” said Willard.

“As such, the token represents the value of the totality of dapps/projects/etc being built on it, at any given point in time. It’s essentially a massive global venture platform where a holder gets to be something approximating a limited partner.”

Willard stressed that “most” of the applications being built won’t “take off.”

However, the few that do achieve “big wins on a global scale” “should be a solid force for stability and long-term growth” that “ultimately skyrocket Ethereum-based tokens and decouple them from whatever Bitcoin’s ultimate fate is.”
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 24, 2021, 07:32:11 PM
I do regret not selling some ETH at $4.4k because I could have bought more at $2k. Every time it goes up I tell myself I will cash out because it will dip and I can load my bag more. But then some deadline comes along or I think it might go a little higher and don't pull the trigger. Lots of missed opportunities to get more. The only thing is all those trades would increase my taxes. Hodling and DCA via mining is the safest option I think.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on May 24, 2021, 08:12:51 PM
Quote from: obsidian on May 24, 2021, 07:32:11 PM
I do regret not selling some ETH at $4.4k because I could have bought more at $2k. Every time it goes up I tell myself I will cash out because it will dip and I can load my bag more. But then some deadline comes along or I think it might go a little higher and don't pull the trigger. Lots of missed opportunities to get more. The only thing is all those trades would increase my taxes. Hodling and DCA via mining is the safest option I think.

Easy to say after the fact but if you sold at $4k and it kept going up to $8k you would have kicked yourself in the ass as well. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 24, 2021, 08:33:23 PM
Quote from: El Diablo Blanco on May 24, 2021, 08:12:51 PM
Easy to say after the fact but if you sold at $4k and it kept going up to $8k you would have kicked yourself in the ass as well.

It was easy to sell. Just ignore every one laughing and talking about paper hands.

I've said it a million times on here, you can always buy back in later. Had you sold some earlier you could have been profiting twice over.

So many people were talking about 10k Eth as being conservative.  That gives you plenty of time to make profits after you sell and rebuild on a correction and  there will be corrections. dont be afraid to sell some as were climbing up. We've all witnessed how quick things can tank.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 24, 2021, 08:34:47 PM
Quote from: Pray_4_War on May 24, 2021, 08:47:55 AM
Up around 38K.   Bull trap?

Had 2.5hrs sleep last night to watch the charts.

Looks like for the moment the wicks are good enough rather than a daily close. We need to see tomorrow close hold 38.5k and then it’s probably good to go as we have made it past the 25th of the month.

ETH seasonality still in play.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 24, 2021, 08:36:30 PM
Quote from: Mayday on May 24, 2021, 08:34:47 PM
Had 2.5hrs sleep last night to watch the charts.



Welcome to my world. Lmao.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 24, 2021, 08:57:24 PM
Quote from: Bindare_Dundat on May 24, 2021, 08:36:30 PM
Welcome to my world. Lmao.

Yeah but I’m not stressed in the slightest  ;)

I just needed to be sure the market wasn’t tanking completely.

I got a text from my mother in law today which said - I know you were looking into Bitcoin, I thought I’d let you know it had crash but went up last night after Elon tweeted.

LOL

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 24, 2021, 09:05:35 PM
Quote from: Mayday on May 24, 2021, 08:57:24 PM
Yeah but I’m not stressed in the slightest  ;)

I just needed to be sure the market wasn’t tanking completely.

I got a text from my mother in law today which said - I know you were looking into Bitcoin, I thought I’d let you know it had crash but went up last night after Elon tweeted.

LOL

Lol @ Mums. :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on May 24, 2021, 10:28:23 PM
Quote from: Mayday on May 24, 2021, 08:34:47 PM
Had 2.5hrs sleep last night to watch the charts.

Looks like for the moment the wicks are good enough rather than a daily close. We need to see tomorrow close hold 38.5k and then it’s probably good to go as we have made it past the 25th of the month.

ETH seasonality still in play.

You not worried about closing last week under the 20 week EMA?  I wasn't concerned about the dumps at all until that happened.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 24, 2021, 10:40:30 PM
Hate to be that guy, but I don't see the prices going anywhere close to ATH yet.

I expect to see BTC bouncing around 30k to 40k a couple more times. Eth between 1.8k and 3k. Both might go past those ranges, but it will only be briefly. If this pattern plays out I'll buy back in confidently. Until then just buying various alts in the dips.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 24, 2021, 11:06:48 PM
Quote from: Pray_4_War on May 24, 2021, 10:28:23 PM
You not worried about closing last week under the 20 week EMA?  I wasn't concerned about the dumps at all until that happened.

I’m in ETH so for me I don’t need BTC to do anything but sit tight.

We have lengthening cycles so if we get a bear market now it means for the first time ever BTC structure broke.

I think our savage downswings are new. We never saw a -40% movement inside a day before and I think they have the ability to blow apart some of the previous ‘bottom’ signals and undershoot.

I also think it’s a consideration of the risk of not playing. It’s harder to be out and time entry back in than it is to just say ‘fuck it’ and stay in.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on May 24, 2021, 11:17:28 PM
Quote from: Mayday on May 24, 2021, 11:06:48 PM
I’m in ETH so for me I don’t need BTC to do anything but sit tight.

We have lengthening cycles so if we get a bear market now it means for the first time ever BTC structure broke.

I think our savage downswings are new. We never saw a -40% movement inside a day before and I think they have the ability to blow apart some of the previous ‘bottom’ signals and undershoot.

I also think it’s a consideration of the risk of not playing. It’s harder to be out and time entry back in than it is to just say ‘fuck it’ and stay in.

You can say that again.  When I try to sell and buy back in later I'm almost always wrong.   lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 25, 2021, 12:57:43 AM
Quote from: Mayday on May 24, 2021, 11:06:48 PM
I’m in ETH so for me I don’t need BTC to do anything but sit tight.

We have lengthening cycles so if we get a bear market now it means for the first time ever BTC structure broke.

I think our savage downswings are new. We never saw a -40% movement inside a day before and I think they have the ability to blow apart some of the previous ‘bottom’ signals and undershoot.

I also think it’s a consideration of the risk of not playing. It’s harder to be out and time entry back in than it is to just say ‘fuck it’ and stay in.

If we do form a bearmarket ( I dont believe so) it wont be a a sustained 2year bear cycle like previous.  Im think at worse maybe  half the previous bear cycle as adoption increases and more people enter the space.  Ill call a long position  on next bear floor price at 50-70k after a drop from its peak.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 25, 2021, 01:29:46 AM
Quote from: Pray_4_War on May 24, 2021, 06:35:12 PM
Last few days everybody was acting like it's the Bitcoin apocalypse and we're going bearish.  Today it shoots all the way back up to 40K.  Etherium up 25% in one fucking day.

I'm kinda pissed. lol.

Polygon was up 102% in 24 hours.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on May 25, 2021, 04:28:14 AM
Looks like a lot of big money is content on making quick 10-20% gains. Sell, dip, buy, up 10% , sell, dip , buy….. this has been going on for a week someone is slowly acquiring a bunch more.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 25, 2021, 05:13:59 AM
Quote from: El Diablo Blanco on May 25, 2021, 04:28:14 AM
Looks like a lot of big money is content on making quick 10-20% gains. Sell, dip, buy, up 10% , sell, dip , buy….. this has been going on for a week someone is slowly acquiring a bunch more.

Btc is no different to the action going on in your avatar.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 25, 2021, 05:27:48 AM
Quote from: El Diablo Blanco on May 25, 2021, 04:28:14 AM
Looks like a lot of big money is content on making quick 10-20% gains. Sell, dip, buy, up 10% , sell, dip , buy….. this has been going on for a week someone is slowly acquiring a bunch more.

yes!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on May 25, 2021, 05:30:46 AM
Billionaire investor Ray Dalio says he'd rather own bitcoin than bonds as inflation surges - and reveals he's bought some of the cryptocurrency

The billionaire investor Ray Dalio said in an interview that aired Monday at the Consensus by CoinDesk convention that he would rather own bitcoin than bonds.

The Bridgewater Associates founder reiterated his view that the US dollar is on the verge of a devaluation, and he suggested that bitcoin could be an attractive savings vehicle in an inflationary scenario.

"The more we create savings in it, the more you might say, 'I'd rather have bitcoin than the bond,'" Dalio said in the interview, recorded on May 6. "Personally, I'd rather have bitcoin than a bond."

The billionaire investor has been bearish on bonds for quite some time, saying the financial instruments pay less than inflation.

"I have some bitcoin," Dalio said in the interview. The investor didn't say how much he owned.

Bitcoin rebounded on Monday by as much as 15%, to about $38,683, after a vicious sell-off over the weekend.

Dalio added that bitcoin's greatest risk is its success - if it becomes a larger asset class and poses a real threat to others, like bonds, that could prompt a regulatory crackdown that could hinder the cryptocurrency. Right now bitcoin isn't a true threat because it's still small relative to other assets, he said. The total value of bitcoin is slightly over $1 trillion, while the value of US bonds is about $23 trillion, according to Dalio.

https://markets.businessinsider.com/currencies/news/ray-dalio-bitcoin-bonds-inflation-surges-cryptocurrency-portfolio-outlook-bridgewater-2021-5-1030459576
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: titusisback on May 25, 2021, 05:34:07 AM
Looks like this thread has many knowledgeable people. So, critique my portfolio distribution:

Ethereum 45%
Iota 15%
Ripple 11%
Cardano 10%
Dash 8%
Stellar 5%
HBAR 3%
Shiba 2%

I fully expect you telling me I'm doing it all wrong fuckface, but if your opinion is different, let me know  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 25, 2021, 06:12:39 AM
Quote from: titusisback on May 25, 2021, 05:34:07 AM
Looks like this thread has many knowledgeable people. So, critique my portfolio distribution:

Ethereum 45%
Iota 15%
Ripple 11%
Cardano 10%
Dash 8%
Stellar 5%
HBAR 3%
Shiba 2%

I fully expect you telling me I'm doing it all wrong fuckface, but if your opinion is different, let me know  ;D

If you're playing with small sums that looks fine. It's mostly potluck anyway.

If bigger sums are in play then you need at least 30% bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: titusisback on May 25, 2021, 07:48:14 AM
Quote from: Flexacon on May 25, 2021, 06:12:39 AM
If you're playing with small sums that looks fine. It's mostly potluck anyway.

If bigger sums are in play then you need at least 30% bitcoin.

Yeah it's not a huge amount - thanks
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on May 25, 2021, 01:06:19 PM
Who’s fucking with these markets? It’s a constant up and down game now. Even today. It’s happening exactly the same with BTC, ETh and even doge. Someone has their hands in many Alts and is going for those short 10% gains. Are they trying to avoid taxes or doing something shady?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 25, 2021, 04:56:21 PM
Quote from: El Diablo Blanco on May 25, 2021, 01:06:19 PM
Who’s fucking with these markets? It’s a constant up and down game now. Even today. It’s happening exactly the same with BTC, ETh and even doge. Someone has their hands in many Alts and is going for those short 10% gains. Are they trying to avoid taxes or doing something shady?

Think of it like this. The body is dead and buyers are the defibrillator jolting the body to try and get the heart pumping again.

Jan Feb Mar Apr have all been volatile in the back end of the month. The earliest we saw a bottom to the volatility was by the 25th but all were bottomed by the start of the next month. Therefore this is normal behaviour as trended since the start of 2021.

We need a close around 44k on the 21wk ema in order to prevent a bear market. Weekends are for rallying so Thurs and Fri can be volatile and we are still ok.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 25, 2021, 07:14:03 PM
Pumping now. See what comes of it
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 26, 2021, 12:32:32 AM
$ 40,419.15
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on May 26, 2021, 12:36:49 AM
45k $

MATIC 37%
ADA 29%
SHIB 21%
VET 6%
ETH 6%
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 26, 2021, 02:19:23 AM
Quote from: French on May 26, 2021, 12:36:49 AM
SHIB 21%

Bro... 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 26, 2021, 02:27:33 AM
Quote from: French on May 26, 2021, 12:36:49 AM
45k $

MATIC 37%
ADA 29%
SHIB 21%
VET 6%
ETH 6%

SHIB = IDIOT.

Also, like a good roid cycle, consider BTC as your testosterone base, and ETH as your GH. I see neither here so your cycle is highly lacking.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 26, 2021, 03:24:26 AM
Quote from: French on May 26, 2021, 12:36:49 AM
45k $

MATIC 37%
ADA 29%
SHIB 21%
VET 6%
ETH 6%

Congrats on your $MATIC gains, I've been singing Polygon praise for a few weeks and have seen them grow to great heights.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on May 26, 2021, 03:46:28 AM
Quote from: OneMoreRep on May 26, 2021, 03:24:26 AM
Congrats on your $MATIC gains, I've been singing Polygon praise for a few weeks and have seen them grow to great heights.

"1"

In real life, other than BTC, and just recently Doge and ETH because of Musk, do you think the average person has even heard of all these cryptos?

How are you even aware of Matic or Polygon? I want to be up on things but other BTC I wouldn't know where to find or buy any of these cryptos.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 26, 2021, 05:13:03 AM
Quote from: gib on May 26, 2021, 02:27:33 AM
SHIB = IDIOT.

Also, like a good roid cycle, consider BTC as your testosterone base, and ETH as your GH. I see neither here so your cycle is highly lacking.

Hes way too heavy in some alts like the Shiba garbage,  but other than that that portfolio will do well in time .

Alts are outperforming bitcoin big-time. He would be stupid to buy btc now. Absolutely pointless.

You could have doubled your $$ had you bothered to diversify into alts so easily, its ridiculous.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 26, 2021, 05:36:38 AM
Quote from: pellius on May 26, 2021, 03:46:28 AM
In real life, other than BTC, and just recently Doge and ETH because of Musk, do you think the average person has even heard of all these cryptos?

How are you even aware of Matic or Polygon? I want to be up on things but other BTC I wouldn't know where to find or buy any of these cryptos.

Binance and coinbase.

Watch some YouTube videos to get aquinted with other projects and do your own due diligence.

Still think there's a chance we could retrace to the 34 k before things really start pumping again
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on May 26, 2021, 05:49:35 AM
I bet on ETH ecosystem with ETH as testo and MATIC/ADA with more potential for exponential growth.
SHIBA : more likely than winning the lottery..  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on May 26, 2021, 06:30:20 AM
Gov. Jared Polis Wants Colorado to Accept Crypto for State Taxes


Colorado Gov. Jared Polis said he’s hopeful state residents can pay their taxes with crypto, and he wants it to happen soon.

“I’d be thrilled to be the first state to let you pay your taxes in a variety of cryptos,” he said Tuesday at Consensus 2021.

As a congressman, Polis became the first politician to legally accept campaign donations in bitcoin after a favorable 2014 FEC ruling. In response to a U.S. senator who was more interested in banning bitcoin than building a federal structure to support cryptocurrencies, Polis satirically suggested a ban on U.S. dollars by replacing each instance of BTC in the Senator’s letter with “dollar bills.”

“The exchange of dollar bills, including high denomination bills, is currently unregulated and has allowed users to participate in illicit activity,” he wrote.

Since he trolled legislators on Capitol Hill, Polis has become the Rocky Mountain State’s chief executive, and on Tuesday he sounded excited to be at the forefront of accommodating legislation for crypto.

“Colorado is and will be the center for blockchain innovation in the United States, attracting investments and good jobs and innovators in infrastructure, digital identity, [and] individual data security in the private and public sector,” he said.

https://www.coindesk.com/jared-polis-colorado-governor-consensus-2021
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 26, 2021, 06:32:54 AM
Quote from: Bindare_Dundat on May 26, 2021, 05:36:38 AM
Binance and coinbase.

Watch some YouTube videos to get aquinted with other projects and do your own due diligence.

Still think there's a chance we could retrace to the 34 k before things really start pumping again

Just saw a stack of liquidation alerts come through on my feed lol. People never learn. The liquidations are what send the price downwards so rapidly.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on May 26, 2021, 07:36:30 AM
never leverage
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on May 26, 2021, 09:34:09 AM
Quote from: polychronopolous on May 26, 2021, 06:30:20 AM
Gov. Jared Polis Wants Colorado to Accept Crypto for State Taxes


Colorado Gov. Jared Polis said he’s hopeful state residents can pay their taxes with crypto, and he wants it to happen soon.

“I’d be thrilled to be the first state to let you pay your taxes in a variety of cryptos,” he said Tuesday at Consensus 2021.

As a congressman, Polis became the first politician to legally accept campaign donations in bitcoin after a favorable 2014 FEC ruling. In response to a U.S. senator who was more interested in banning bitcoin than building a federal structure to support cryptocurrencies, Polis satirically suggested a ban on U.S. dollars by replacing each instance of BTC in the Senator’s letter with “dollar bills.”

“The exchange of dollar bills, including high denomination bills, is currently unregulated and has allowed users to participate in illicit activity,” he wrote.

Since he trolled legislators on Capitol Hill, Polis has become the Rocky Mountain State’s chief executive, and on Tuesday he sounded excited to be at the forefront of accommodating legislation for crypto.

“Colorado is and will be the center for blockchain innovation in the United States, attracting investments and good jobs and innovators in infrastructure, digital identity, [and] individual data security in the private and public sector,” he said.

https://www.coindesk.com/jared-polis-colorado-governor-consensus-2021
That means Colorado will be broke soon.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on May 26, 2021, 10:26:00 AM
Apple seeks to hire 'alternative payments' manager with crypto experience


Global software giant Apple is recruiting for a new business development manager specializing in alternative payments, signaling that the iPhone maker is gravitating toward digital assets.

The new job post for “Business Development Manager – Alternative Payments” was posted to Apple’s careers website on Tuesday. The new hire will be responsible for leading alternative payments partnerships and defining new commercialization streams.

Apple is seeking a business professional with more than 10 years of experience, including a five-year track record “with alternative payment providers, such as digital wallets, BNPL, Fast Payments, cryptocurrency” and others.

While the job posting is compelling, Apple remains largely on the sidelines of the cryptocurrency industry and has yet to signal definitive plans for expanding into this market. Interestingly, cryptocurrency exchange Coinbase recently overtook TikTok as the most downloaded app on Apple's App Store.

Speculation about Apple entering the digital currency space has been rampant in recent months, as investors watched Tesla add billions of dollars worth of Bitcoin (BTC) to its strategic reserves. Beyond just adding BTC to its balance sheet, Apple could be in a position to permanently disrupt the nascent industry by entering the crypto exchange business, according to Paul Steves, an analyst with Royal Bank of Canada Dominion Securities.

“If [Apple] decides to enter into the crypto exchange business, we think the firm could immediately gain market share and disrupt the industry,” Steves said in February. “The firm could unlock a multi-billion dollar opportunity with a few clicks.”

With a market capitalization of $2.1 trillion, Apple remains the largest company traded in the United States. The company had $192.8 billion in cash on hand during its most recent earnings quarter, down from $207.06 billion during the previous quarter.

 https://cointelegraph.com/guy-with-crypto-experience
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 26, 2021, 10:48:23 AM
Quote from: Mayday on May 26, 2021, 06:32:54 AM
Just saw a stack of liquidation alerts come through on my feed lol. People never learn. The liquidations are what send the price downwards so rapidly.

Borrow 100x of what you have and trade with it... 100x profit but 100x loss too, so if BTC goes down 1% your collateral gets liquidated.  Amazingly there is no lack of math-challenged idiots who think this will never happen to them.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 26, 2021, 02:34:29 PM
ETH still pumping.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on May 26, 2021, 06:14:01 PM
Max pain price for option holders tomorrow is around 39K.  On Friday it's around 50K.  Lets see if BTC coincidentally closes at those prices.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on May 26, 2021, 06:55:57 PM
Quote from: Griffith on May 26, 2021, 02:34:29 PM
ETH still pumping.

Trend seems to be go up with the US market and down once the Asians wake up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 26, 2021, 07:57:38 PM
Quote from: Pray_4_War on May 26, 2021, 06:14:01 PM
Max pain price for option holders tomorrow is around 39K.  On Friday it's around 50K.  Lets see if BTC coincidentally closes at those prices.

11k in one day. How many times has that happened.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 26, 2021, 07:59:16 PM
Quote from: Theoak* on May 26, 2021, 10:48:23 AM
Borrow 100x of what you have and trade with it... 100x profit but 100x loss too, so if BTC goes down 1% your collateral gets liquidated.  Amazingly there is no lack of math-challenged idiots who think this will never happen to them.

There's people that actually use 100x? Lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 26, 2021, 09:23:16 PM
Quote from: Theoak* on May 26, 2021, 10:48:23 AM
Borrow 100x of what you have and trade with it... 100x profit but 100x loss too, so if BTC goes down 1% your collateral gets liquidated.  Amazingly there is no lack of math-challenged idiots who think this will never happen to them.

All you need to do to win in crypto is avoid being liquidated. Yet people still manage to fuck this up.

A chimp with a big red buy button would outperform some of those players.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on May 27, 2021, 03:48:25 AM
How can I get my own crypto-coin making machine?

Preferably a hand-crank model.

(https://i.ytimg.com/vi/NsZ5njJOlIQ/maxresdefault.jpg)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on May 27, 2021, 03:56:30 AM
Quote from: IroNat on May 27, 2021, 03:48:25 AM
How can I get my own crypto-coin making machine?

Preferably a hand-crank model.

(https://i.ytimg.com/vi/NsZ5njJOlIQ/maxresdefault.jpg)
Just imagine you have one.  It's the same thing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 27, 2021, 04:09:21 AM
Quote from: IroNat on May 27, 2021, 03:48:25 AM
How can I get my own crypto-coin making machine?

Preferably a hand-crank model.

(https://i.ytimg.com/vi/NsZ5njJOlIQ/maxresdefault.jpg)

You can make your own crypto for almost zero cost. Lots os services out there that give you an entire blockchain for your coin for $100. However, making others want to own it is quite another issue...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 27, 2021, 05:48:48 AM
Quote from: polychronopolous on May 26, 2021, 10:26:00 AM
Apple seeks to hire 'alternative payments' manager with crypto experience


Global software giant Apple is recruiting for a new business development manager specializing in alternative payments, signaling that the iPhone maker is gravitating toward digital assets.

The new job post for “Business Development Manager – Alternative Payments” was posted to Apple’s careers website on Tuesday. The new hire will be responsible for leading alternative payments partnerships and defining new commercialization streams.

Apple is seeking a business professional with more than 10 years of experience, including a five-year track record “with alternative payment providers, such as digital wallets, BNPL, Fast Payments, cryptocurrency” and others.

While the job posting is compelling, Apple remains largely on the sidelines of the cryptocurrency industry and has yet to signal definitive plans for expanding into this market. Interestingly, cryptocurrency exchange Coinbase recently overtook TikTok as the most downloaded app on Apple's App Store.

Speculation about Apple entering the digital currency space has been rampant in recent months, as investors watched Tesla add billions of dollars worth of Bitcoin (BTC) to its strategic reserves. Beyond just adding BTC to its balance sheet, Apple could be in a position to permanently disrupt the nascent industry by entering the crypto exchange business, according to Paul Steves, an analyst with Royal Bank of Canada Dominion Securities.

“If [Apple] decides to enter into the crypto exchange business, we think the firm could immediately gain market share and disrupt the industry,” Steves said in February. “The firm could unlock a multi-billion dollar opportunity with a few clicks.”

With a market capitalization of $2.1 trillion, Apple remains the largest company traded in the United States. The company had $192.8 billion in cash on hand during its most recent earnings quarter, down from $207.06 billion during the previous quarter.

 https://cointelegraph.com/guy-with-crypto-experience


Therewas a time whgen news like this would move the market big time. now.....nothing. There was other big news too and still nothing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 27, 2021, 09:03:16 AM
Quote from: Mayday on May 27, 2021, 04:13:53 AM
LOL that gif cracks me up everytime!

Good work on that pick.

I shuffled my shitbag alts around, mostly in EOS for the moment.

So much for this Bitcoin crash, we ended up only down to 36k and now ranging.

Thanks. Not sure how that pick will end, but it should be a fun ride and it's keeping me distracted from all the crypto BS right now.

I've tried to avoid any news stories, FUDs, pumps or crashes. Just going to wait for any dips and pick up any coins that look like value. EOS is making a nice move for you today. I might look at picking up some DOT if we see a dip again as it hasn't seen much of a bounce, but I'm mostly looking to stay away unless we get a big crash.

This is a really good video (confirmation bias mostly for me) on what the May, June and July are like for ETH. But we can pretty much apply to alts in general.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on May 27, 2021, 09:09:35 AM
Nebraska Legislature Approves Framework for Digital Asset Banks

If signed by the governor, the legislation would create a state charter for crypto banks.

Nebraska’s unicameral state legislature has passed a bill that would create a state bank charter for digital asset depository institutions. It’s now headed to Nebraska Gov. Pete Ricketts’ desk.

Bill 649 would create a charter that would give consumers and institutions places to custody their digital assets.

The banks will look very similar to Wyoming’s special purpose depository institutions, such as Avanti Financial and Kraken Financial. The bill also allows already existing state-chartered banks in Nebraska to open crypto banking divisions.

The bill’s passage came after a long battle between the legislature and the state’s banking industry.

“When the bill was introduced in January there was a distance between the banking industry and the digital asset deposit institutions’ proponents,” said state Sen. Matt Williams, chairperson of the legislature’s Banking, Commerce and Insurance Committee. “It was 18 weeks of constant negotiations.”

The largest disagreement was about usage of the word “bank,” Williams said.

https://www.coindesk.com/nebraska-legislature-approves-framework-for-digital-asset-banks
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 28, 2021, 02:21:50 AM
Another discount
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 28, 2021, 03:08:31 AM
Will we ever see dogecoin at $ 0,71 again? I doubt it...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 28, 2021, 03:27:55 AM
Quote from: FitnessFrenzy on May 28, 2021, 03:08:31 AM
Will we ever see dogecoin at $ 0,71 again? I doubt it...

If bitcoin ends up nearing 100k this year, Doge will probably hit $1
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 28, 2021, 04:35:23 AM
No-one touched doge this go around as it basically stayed stuck at 35 cents. Good, hopefully people learned what useless shit it is.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on May 28, 2021, 05:21:12 AM
Quote from: FitnessFrenzy on May 28, 2021, 03:08:31 AM
Will we ever see dogecoin at $ 0,71 again? I doubt it...

Right now there has been a bunch of accumulation.  Up and down daily.  Sure it can easily get back up but right now I think every dime will have resistance.  It will hit .40 then dip, then .50 and dip.  I think too many people have limit sales scheduled all over the place.  It will never last a nanosecond at 1.00 because I'm sure everyone has a limit set there.  The smart whales probably have it at .95 or .96 to beat out the blood bath when it hits a dollar.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 28, 2021, 05:31:49 AM
Quote from: Bindare_Dundat on May 28, 2021, 02:21:50 AM
Another discount

See, there is still some optimism left in you lol  :D

Quote from: Flexacon on May 28, 2021, 03:27:55 AM
If bitcoin ends up nearing 100k this year, Doge will probably hit $1

It’s plausible the whole Elon Doge thing is born out of anger. Anger that BTC wasn’t created by him.

So he gets hold of the biggest joke coin he can and then pushes it in order to make BTC and crypto look like a big joke. He can’t beat BTC so he goes full retard, pulls it from Tesla, tweets about the environment and says he is putting the Doge logo on his spaceship Etc etc out of sheer frustration and anger.

I wonder if Saylor was thinking this? When TSHTF he got Musk and the Chinese miners in talks over improving energy efficiency. He got a musk involved so it could ‘be about Musk’ and play to the guy’s ego.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 28, 2021, 06:41:41 AM
Quote from: Mayday on May 28, 2021, 05:31:49 AM
See, there is still some optimism left in you lol  :D



Lol

Its called stupidity. Got lots of that left.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 28, 2021, 06:42:22 AM
Media pimping Gold. Look for another false breakout in Gold and Silver soon.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 28, 2021, 07:43:41 AM
Quote from: Mayday on May 28, 2021, 05:31:49 AM
See, there is still some optimism left in you lol  :D

It’s plausible the whole Elon Doge thing is born out of anger. Anger that BTC wasn’t created by him.

So he gets hold of the biggest joke coin he can and then pushes it in order to make BTC and crypto look like a big joke. He can’t beat BTC so he goes full retard, pulls it from Tesla, tweets about the environment and says he is putting the Doge logo on his spaceship Etc etc out of sheer frustration and anger.

I wonder if Saylor was thinking this? When TSHTF he got Musk and the Chinese miners in talks over improving energy efficiency. He got a musk involved so it could ‘be about Musk’ and play to the guy’s ego.

Crypto probably also takes some of the limelight away from Paypal. He even mentioned Paypal in a recent tweet.

Paypal is great, but charges commission of several percent and uses an inflated exchange rate for foreign currencies. Litecoin or xrp charges a few cents and arrives in seconds.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on May 28, 2021, 08:55:42 AM
Quote from: Griffith on May 28, 2021, 07:43:41 AM
Crypto probably also takes some of the limelight away from Paypal. He even mentioned Paypal in a recent tweet.

Paypal is great, but charges commission of several percent and uses an inflated exchange rate for foreign currencies. Litecoin or xrp charges a few cents and arrives in seconds.
Yeah, but my $100 in Paypal is still worth $100 a week later not .10 cents.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on May 28, 2021, 09:05:12 AM

Marathon plans Texas facility that will house 73,000 bitcoin miners


On May 24, Marathon Digital announced plans to build a new bitcoin mining facility in partnership with Compute North.

The new facility will house 73,000 ASIC miners in Texas and will, the firm promises, be approximately 70% carbon neutral. Marathon estimates that its total hash rate will grow to 10.37 EH/s, achieved at a cost of $0.0453 per kWh. Shares of MARA are up almost 5% on the news.

When contacted by The Block, a representative for Marathon declined to specify what the new facility's energy mix will be as well as how the firm plans to hit its benchmarks for carbon neutrality. Back in October, the firm made a similar announcement of a new facility in Montana, in a partnership with Beowulf that has seen a struggling coal-fired plant turned into a lucrative bitcoin mining center.

U.S.-based Bitcoin mining has been on the rise in recent months. While most mining has historically happened in China, new governmental crackdowns have seen the hash rate leave the country.

However, the U.S. has its own compliance concerns to contend with, among which is a regulatory push to reduce coal usage in the country's energy mix. Many of the latest generation of mines are indeed setting up shop in coal plants that had shut down as energy-saving measures made them less necessary. Questions linger as to whether these miners will be able to follow through on promises to offset their emissions.

Another critical regulatory concern facing bitcoin miners in the U.S. is the responsibility for whose transactions they verify. Marathon's pool took the controversial step of validating only whitelisted bitcoin addresses in an effort to comply with sanctions regulations.

https://www.theblockcrypto.com/linked/105902/marathon-plans-texas-facility-that-will-house-73000-bitcoin-miners
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 28, 2021, 09:49:12 AM
Quote from: Griffith on May 28, 2021, 07:43:41 AM
Crypto probably also takes some of the limelight away from Paypal. He even mentioned Paypal in a recent tweet.

Paypal is great, but charges commission of several percent and uses an inflated exchange rate for foreign currencies. Litecoin or xrp charges a few cents and arrives in seconds.

PayPal in the UK is amazing. No fees/easy to avoid fees unless you are accepting payment for selling something.

Also it's inaccessible to the taxman if you know what you're doing. They haven't launched their crypto trading platform yet in the UK, but that will be huge.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 28, 2021, 10:22:58 AM
Quote from: Flexacon on May 28, 2021, 09:49:12 AM
PayPal in the UK is amazing. No fees/easy to avoid fees unless you are accepting payment for selling something.

Also it's inaccessible to the taxman if you know what you're doing. They haven't launched their crypto trading platform yet in the UK, but that will be huge.

Yes, Paypal is excellent and still my choice for shopping and transferring money.

But it could perhaps face some competition in the future if crypto payments start becoming accepted and more mainstream.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 28, 2021, 10:30:29 AM
Quote from: Humble Narcissist on May 28, 2021, 08:55:42 AM
Yeah, but my $100 in Paypal is still worth $100 a week later not .10 cents.

Yes, that it is the main downside and would have to be converted to currency almost immediately. But it costs several cents for a transfer, even for millions of dollars, without any paperwork or commission which could be several percent, which is useful when sending funds overseas.

If transfers for stablecoins have the same speed and costs, this could have huge potential.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 28, 2021, 10:35:29 AM
On a side note, how have your experiences been on Binance?

I'm planning on switching to Binance from a local exchange, since it doesn't have enough liquidity and is not really suited for trading.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on May 28, 2021, 10:42:56 AM
Billionaire Carl Icahn Eyes Potential $1.5B Crypto Investment


U.S. billionaire and one-time cryptocurrency skeptic Carl Icahn is contemplating a potential $1.5 billion investment in digital currencies.

The activist investor said he’s looking at investing in crypto in “a relatively big way,” clarifying that “big” could mean “a billion dollars, billion-and-a-half.”

Icahn shared his thoughts via an interview on Wednesday with Bloomberg on topics including investor activism, GameStop shares and digital assets.

Once likening cryptocurrency to the 18th century Mississippi land bubble that led to the collapse of stock markets in Europe, Icahn now appears intrigued by cryptocurrency’s potential.

“I’m looking at the whole business,” said Icahn, referring to the crypto industry. “I’m not looking at what to buy necessarily at this time. I’m just looking at the whole business and how I might get involved with it.”

Icahn also said he believes crypto assets are “here to stay in one form or another,” before being pressed on how much he would consider buying through his investing conglomerate, Icahn Enterprises.

Icahn joins a number of billionaires who have reversed their negative opinion of cryptocurrency, including Mark Cuban, Michael Saylor and Howard Marks.

“I will say about cryptocurrencies … I don’t think there will be a lot of survivors out there trading today,” Icahn said. “I think there’s got to be some form of really feeling there’s safety and value there.”

https://finance.yahoo.com/news/billionaire-carl-icahn-eyes-potential-073130085.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 28, 2021, 10:53:37 AM
Quote from: Griffith on May 28, 2021, 10:22:58 AM
Yes, Paypal is excellent and still my choice for shopping and transferring money.

But it could perhaps face some competition in the future if crypto payments start becoming accepted and more mainstream.

I think paypal might manage to stay ahead of the game. They allow trading on crypto prices in the US and I can vaguely remember reading they are looking to move to a trading model similar to coinbase. Possibly even having their own coin.

Binance main app and site isn't very user friendly. Takes a while to learn to navigate your way around, but it's worth it. The Binance lite option helps too.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 28, 2021, 11:36:57 AM
Quote from: polychronopolous on May 28, 2021, 10:42:56 AM
Billionaire Carl Icahn Eyes Potential $1.5B Crypto Investment


U.S. billionaire and one-time cryptocurrency skeptic Carl Icahn is contemplating a potential $1.5 billion investment in digital currencies.

The activist investor said he’s looking at investing in crypto in “a relatively big way,” clarifying that “big” could mean “a billion dollars, billion-and-a-half.”

Icahn shared his thoughts via an interview on Wednesday with Bloomberg on topics including investor activism, GameStop shares and digital assets.

Once likening cryptocurrency to the 18th century Mississippi land bubble that led to the collapse of stock markets in Europe, Icahn now appears intrigued by cryptocurrency’s potential.

“I’m looking at the whole business,” said Icahn, referring to the crypto industry. “I’m not looking at what to buy necessarily at this time. I’m just looking at the whole business and how I might get involved with it.”

Icahn also said he believes crypto assets are “here to stay in one form or another,” before being pressed on how much he would consider buying through his investing conglomerate, Icahn Enterprises.

Icahn joins a number of billionaires who have reversed their negative opinion of cryptocurrency, including Mark Cuban, Michael Saylor and Howard Marks.

“I will say about cryptocurrencies … I don’t think there will be a lot of survivors out there trading today,” Icahn said. “I think there’s got to be some form of really feeling there’s safety and value there.”

https://finance.yahoo.com/news/billionaire-carl-icahn-eyes-potential-073130085.html

Carl is a shark and he is very clever.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on May 29, 2021, 07:34:04 AM
Why are doge, eth and BTC following the same daily trend? Someone has all three and is buying and selling little chunks over and over.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 29, 2021, 01:20:14 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 29, 2021, 01:54:35 PM
Quote from: FitnessFrenzy on May 28, 2021, 11:36:57 AM
Carl is a shark and he is very clever.

Apparently he put 1B into ETH.

I’m still banking on my ETH play with original price target 4,950.

We are about to enter the bounce area of BTC 30k and ETH 2k.

In the last 14 days towards ETH’s peak in June, it experienced it’s most explosive movements upwards against BTC.

It is insanely bearish right now and generally we do the opposite. I hope..... lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 29, 2021, 05:50:48 PM
Quote from: Mayday on May 29, 2021, 01:54:35 PM
Apparently he put 1B into ETH.

I’m still banking on my ETH play with original price target 4,950.

We are about to enter the bounce area of BTC 30k and ETH 2k.

In the last 14 days towards ETH’s peak in June, it experienced it’s most explosive movements upwards against BTC.

It is insanely bearish right now and generally we do the opposite. I hope..... lol

well, I  loaded up up on more Eth and Cardano on the way down but I have a bit more money left to sprinkle around here and there and then thats it for me.

I dont care if we go sideways  till August if thats what it takes for these big players to accumulate and then I hope this  things takes off cause my bags are packed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 29, 2021, 06:04:12 PM
A very interesting post (and also inspiring). For anyone considering ALTS please watch:

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 29, 2021, 07:07:09 PM
Bitboy sold 2 millions dollars wortht of alts I heard. lol

He was bragging about not selling anything just a few days ago. lol

Go Cardano. Whoa
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 30, 2021, 01:46:03 AM
Quote from: Bindare_Dundat on May 29, 2021, 07:07:09 PM
Bitboy sold 2 millions dollars wortht of alts I heard. lol

He was bragging about not selling anything just a few days ago. lol

Go Cardano. Whoa

A few weeks back he bought 1 million Cardano.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 30, 2021, 03:41:38 AM
Quote from: Griffith on May 30, 2021, 01:46:03 AM
A few weeks back he bought 1 million Cardano.

I know.  Nice stack.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 30, 2021, 03:45:31 AM
Quote from: Griffith on May 30, 2021, 01:46:03 AM
A few weeks back he bought 1 million Cardano.

He gets it.

I think it has excellent potential.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 30, 2021, 04:05:17 AM
Quote from: OneMoreRep on May 30, 2021, 03:45:31 AM
He gets it.

I think it has excellent potential.

"1"

Hes getting lots of grief from the meme coin holders today.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 30, 2021, 10:18:31 AM
Quote from: Bindare_Dundat on May 30, 2021, 04:05:17 AM
Hes getting lots of grief from the meme coin holders today.
He has a smoking hot model / actress come on his show every now and then. Ellie Gonsalves.

(https://static.wixstatic.com/media/13f068_86684a0f9f8d4d829b6c82ce4f34bfc0~mv2_d_6720_4112_s_4_2.jpg/v1/fit/w_2500,h_1330,al_c/13f068_86684a0f9f8d4d829b6c82ce4f34bfc0~mv2_d_6720_4112_s_4_2.jpg)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 30, 2021, 10:21:10 AM
Why I am bullish on crypto:

https://news.bitcoin.com/whistleblower-edward-snowden-says-6-trillion-in-stimulus-is-good-for-bitcoin/

Whistleblower Edward Snowden Says $6 Trillion in Stimulus Is 'Good for Bitcoin’

The infamous whistleblower and privacy activist Edward Snowden commented on bitcoin on Friday, after the Biden administration said this week it was shooting for 6 trillion dollars in stimulus proposals. Following the $6 trillion in stimulus headlines, Snowden commented on the situation and said it was “good for bitcoin.”

Edward Snowden Jabs Biden’s 6 Trillion-Dollar Covid Relief Proposal, Says It’s ‘Good for Bitcoin’

The 37-year old former computer intelligence consultant for the National Security Agency (NSA) and contractor for the Central Intelligence Agency (CIA), Edward Snowden, has once again commented on the leading digital asset bitcoin. Snowden’s statement on Twitter follows the last few days of reports discussing the Biden administration’s $6 trillion stimulus proposals to “build back a better” America.

“Six trillion dollars? This is good for Bitcoin,” the whistleblower Edward Snowden said on Friday. The tweet already has 36,000 likes and has been retweeted more than 6,000 times.

Of course, it’s not the first time Snowden has spoken about bitcoin, as the whistleblower and privacy activist has been very vocal about the subject in recent years. For instance, after the March 12, 2020 market carnage, otherwise known as ‘Black Thursday,’ Snowden said: “This is the first time in a while I’ve felt like buying bitcoin. That drop was too much panic and too little reason.”

(https://news.bitcoin.com/wp-content/uploads/2021/05/taxprotests.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 30, 2021, 10:24:47 AM
https://news.bitcoin.com/metalla-ceo-says-crypto-industry-is-a-license-for-the-private-sector-to-print-money/

Metalla CEO Says Crypto Industry Is a 'License for the Private Sector to Print Money'

During an interview this week, Metalla Royalty & Streaming CEO, Brett Heath, explained that he believes cryptocurrencies will lead to the next financial crisis. The precious metals boss said history shows that “mass adoption of a new financial product” typically leads to a financial crisis.

Precious Metals Exec Says the Public Embracing Crypto May Lead to a Financial Disaster

Brett Heath is the CEO of Metalla Royalty & Streaming (NYSE: MTA) (TSXV: MTA), a company designed to generate leveraged precious metal (PM) exposure via royalties and streams for shareholders. On May 27, Heath spoke with the precious metals news desk from kitco.com and explained that he believes the mass adoption of digital currencies like bitcoin will lead to catastrophe. Economic calamities begin when society adopts a new financial product Heath asserted.

“When you look back to the last few decades and all of the financial crises that happened, they all have a couple of things in common. And one of them is the mass adoption of a new financial product or a new technology that is not very well understood,” Heath stressed during his interview with kitco.com’s David Lin.

Heath further remarked that it reminds him of the subprime mortgage crisis that tossed the financial world upside down 12 years ago. Heath added:

"If we just rewind to the mortgage crisis of 2008— We had the mass adoption of mortgage-backed securities, collateralized debt obligations. And once the public had embraced this, this new financial product, then it crashed. It was a huge problem."
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 30, 2021, 10:33:57 AM
Quote from: OneMoreRep on May 30, 2021, 03:45:31 AM
He gets it.

I think it has excellent potential.

"1"

I saw a youtube video with the founder of cardano. He is well spoken and knows a lot about both cardano and other cryptos. He rigorously criticized ethereum, albeit in a professional way. If Cardano has as much potential as he has as a communicator - then I see a bright future for it. I only have quite limited knowledge of cryptos because I don't invest in them.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on May 30, 2021, 10:46:37 AM
Quote from: FitnessFrenzy on May 30, 2021, 10:33:57 AM
I saw a youtube video with the founder of cardano. He is well spoken and knows a lot about both cardano and other cryptos. He rigorously criticized ethereum, albeit in a professional way. If Cardano has as much potential as he has as a communicator - then I see a bright future for it. I only have quite limited knowledge of cryptos because I don't invest in them.

The founder of Cardano know a lot about Cardano?

You don't say.... ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 30, 2021, 11:28:11 AM
Quote from: Grape Ape on May 30, 2021, 10:46:37 AM
The founder of Cardano know a lot about Cardano?

You don't say.... ;D

Lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 30, 2021, 11:36:44 AM
Quote from: FitnessFrenzy on May 30, 2021, 10:33:57 AM
I saw a youtube video with the founder of cardano. He is well spoken and knows a lot about both cardano and other cryptos. He rigorously criticized ethereum, albeit in a professional way. If Cardano has as much potential as he has as a communicator - then I see a bright future for it. I only have quite limited knowledge of cryptos because I don't invest in them.

Agreed.

He has quite the advantage when critiquing Ethereum, as he is one the co-founders behind Ethereum. He knows all of its strengths and weaknesses. This is why Cardano, as his brainchild, makes a lot of sense, as he wanted to make a company that can deliver in all ways where Ethereum would fall short and beyond.

He can be a little opinionated at times, but I think he's a very smart guy. I firmly believe $ADA will reach prices that range between $30-$100/coin. When will this happen? Likely in many years 5-10 years.

This is the same reason why Bitboy purchased a million $ADA. He sees it, just as he saw $Bitcoin many years ago when others didn't.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 30, 2021, 11:58:36 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 30, 2021, 02:05:45 PM
Quote from: FitnessFrenzy on May 30, 2021, 11:58:36 AM

I like how he says that proving ownership of land is hard with corrupt African countries and their paper trails. And that using blockchains would help to counter that.

Well proving you own land via the a blockchain would make no difference to African dictators. They would confiscate the property regardless. Western governments could care less and would do nothing to help people who lost their land. So the blockchain would make no difference in corrupt nations where the rule of law is enforced by corrupt armies.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on May 30, 2021, 02:15:51 PM
From 2018...

Everyone Is Getting Hilariously Rich and You’re Not

https://www.nytimes.com/2018/01/13/style/bitcoin-millionaires.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 31, 2021, 03:42:07 AM
(https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcSWMERORO7CkcrLqcVtH2d4KZMEveD--EO2hA&usqp=CAU)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 31, 2021, 03:59:09 AM
Quote from: Mayday on May 31, 2021, 03:42:07 AM
(https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcSWMERORO7CkcrLqcVtH2d4KZMEveD--EO2hA&usqp=CAU)


Still expecting 25k?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 31, 2021, 04:31:18 AM
Cardano holds so well on these dips. It is going to do so much damage when the bull market takes off again. Dowmside is its hard to get more at a cheaper price. They are doing these rollout extremely well, too making sure things are going to run without hiccups.

Even though I still bought back into Ethereum, they better get their shit together. The latest eipp1559 news wasn't good and they had to patch a significant error.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 31, 2021, 04:33:20 AM
Quote from: Bindare_Dundat on May 31, 2021, 03:59:09 AM

Still expecting 25k?

Mmmmmm I’m not feeling this whole going to 20k vibe. I didn’t think I said it was going right down?. I thought 30k will hold and it has.

In a pandemic world with record money printing and debt stimulus, how the fuck do we go into a bear market on the very thing designed to fight against it?

I think everyone that could be massacred is already dead and I honestly think it’s a bear trap.

We go back up.......
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 31, 2021, 04:55:22 AM
Quote from: Mayday on May 31, 2021, 04:33:20 AM
Mmmmmm I’m not feeling this whole going to 20k vibe. I didn’t think I said it was going right down?. I thought 30k will hold and it has.

In a pandemic world with record money printing and debt stimulus, how the fuck do we go into a bear market on the very thing designed to fight against it?

I think everyone that could be massacred is already dead and I honestly think it’s a bear trap.

We go back up.......

You mentioned a big wick into that area. Thats what I was referring to. Of course anything is still possible, we're by no means out of the woods. I still think the lowest we will see is 32-34 and we did bounce out of that area.  we had some bullish divergences going on. I would like to see us hit a bit past 37500 to feel better about this move up  for the short term. If we dont make a lower low below the most recent dip that will be a really nice short term sign. Oscillators are getting a little hot again, might grab some polkadot on the next drop down, its really far off from its highs.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 31, 2021, 05:02:49 AM
We just created a higher low today so I’m hoping that could be the sign we wanted.

ETHBTC resistance is 0.072 so I’m looking for that to break. We are 0.069 at the moment.

The first and second weeks of each month have been large rallies from Jan this year. It’s the first tomorrow so let’s see.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 31, 2021, 09:08:24 AM
Quote from: Mayday on May 31, 2021, 05:02:49 AM
We just created a higher low today so I’m hoping that could be the sign we wanted.



Bitboy melting down. hahahaah
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on May 31, 2021, 09:53:28 AM
This is what's referred to as "smart money"

The smartest money has been buying and holding BTC the entire time

Report Shows Over $2B Worth Of Bitcoin Bought During The Dip

Large investors — or so-called whales — bought great quantities of Bitcoin (CRYPTO: BTC) when it briefly dipped at the $30,000 price level.

What Happened: In a recent report by blockchain analytics company Chainalysis, the firm's Chief Economist Philip Gradwell explains that whales bought 77,000 bitcoin last week, now worth over $3 billion.

This is the conclusion drawn by the company from its analysis of blockchain transaction data.

Bitcoin's price dipped briefly to a 5-month low under $30,000 on May 23 after news spread that Chinese authorities are about to strike against cryptocurrencies as local crypto exchanges suspended their activities amid uncertainties.

The buys by institutional investors took place when Bitcoin was trading in the $30,000 to $35,000 range.

Chainalysis claims that 1.2 million BTC was sent at a 5 to 25% loss, with 120,000 bitcoin moved at a 25% loss or worse.

According to the report, $3.2 billion of Bitcoin was sold at a loss last week after being acquired in the previous 4 to 13 weeks.

“However, this was a smaller number of bitcoin sent at a loss than in the late 2017 and mid-March 2020 price crashes, suggesting that last week was not the worst capitulation of holders in Bitcoin’s history,” the report states.

Price Action: At press time, Bitcoin was trading at $35,853, up 4.48% in the past 24-hours, and 8.71% over the last week.
 
https://finance.yahoo.com/news/report-shows-over-2b-worth-173718326.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 31, 2021, 02:56:10 PM
Quote from: Bindare_Dundat on May 31, 2021, 04:31:18 AM
Cardano holds so well on these dips. It is going to do so much damage when the bull market takes off again. Dowmside is its hard to get more at a cheaper price. They are doing these rollout extremely well, too making sure things are going to run without hiccups.

Even though I still bought back into Ethereum, they better get their shit together. The latest eipp1559 news wasn't good and they had to patch a significant error.
Cardano dropped from a high of $2.42 on May 16 down to $1.14 on May 19. That's a drop of 52.89% in 3 days. Apparently 70% of ADA is staked which should have prevented the price from dropping that fast. And yet it did. I remember how ADA crashed back in 2018-2019. So I am not really convinced that it is as bullet proof as many fanboys say. The charts tell a different tale.

What bad news recently came out on EIP1559? What error had to be patched? Can you post a link? I don't see anything obvious when searching the news.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 31, 2021, 02:59:23 PM
https://www.forbes.com/sites/billybambrough/2021/05/24/13-trillion-crypto-price-crash-leaked-goldman-sachs-prediction-gives-high-chance-ethereum-will-eclipse-bitcoin/?sh=798f3323257a

Leaked Goldman Sachs Prediction Gives ‘High Chance’ Ethereum Will Eclipse Bitcoin

Bitcoin and cryptocurrencies have crashed over last week, with an electrifying $1.3 trillion wiped from the combined crypto market price.

The Bitcoin price has lost almost 50% of its value since hitting its all-time high of nearly $65,000 per bitcoin in April. Meanwhile, Ethereum is down by more than half after climbing to over $4,000 per ether token earlier this month.

Now, a leaked report from Wall Street giant Goldman Sachs GS +0.5% has given Ethereum, the second-largest cryptocurrency with a market capitalization of around $250 billion compared to bitcoin's $660 billion, a "high chance" of overtaking bitcoin as a "dominant" store of value—calling it the "Amazon AMZN -0.2% of information."
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 31, 2021, 03:35:47 PM
Quote from: obsidian on May 31, 2021, 02:56:10 PM
Cardano dropped from a high of $2.42 on May 16 down to $1.14 on May 19. That's a drop of 52.89% in 3 days. Apparently 70% of ADA is staked which should have prevented the price from dropping that fast. And yet it did. I remember how ADA crashed back in 2018-2019. So I am not really convinced that it is as bullet proof as many fanboys say. The charts tell a different tale.

What bad news recently came out on EIP1559? What error had to be patched? Can you post a link? I don't see anything obvious when searching the news.

Im talking about for the smaller dips. Yeah, all coins took a massive shit at the worst  point of the current cycle. lol

It was in a n article yesterday, Ill trt and find it when I have some free time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 31, 2021, 05:29:09 PM
Quote from: Mayday on May 31, 2021, 05:02:49 AM
We just created a higher low today so I’m hoping that could be the sign we wanted.

ETHBTC resistance is 0.072 so I’m looking for that to break. We are 0.069 at the moment.

The first and second weeks of each month have been large rallies from Jan this year. It’s the first tomorrow so let’s see.

Daily closed 0.07264 for end of May and now we start a fresh month. This is how the months have begun......

BTC rallies from day 1 of the month:
Jan - 46% in the first 8 days
Feb - 81% in the first 21 days
Mar - 37% in the first 12 days
Apr - 12% in the first 13 days albeit BTC was having a heart attack at this point.

ETH rallies from day 1 of the month:
Jan - 80% in 8 days
Feb - 57% in 18 days
Mar - 38% in 13 days
Apr - 34% in 14 days
May - 55% in 10 days

June is the strongest seasonality in a bull market for ETH.

If we use the previous gains as a guide we get an ETH range of 3,600-4,100-4,900

Using a peak of 0.11 ETHBTC this gives us a BTC range of of 32,700-37,200-45,000
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on May 31, 2021, 05:37:35 PM
Quote from: Mayday on May 31, 2021, 05:29:09 PM
Daily closed 0.07264 for end of May and now we start a fresh month. This is how the months have begun......

BTC rallies from day 1 of the month:
Jan - 46% in the first 8 days
Feb - 81% in the first 21 days
Mar - 37% in the first 12 days
Apr - 12% in the first 13 days albeit BTC was having a heart attack at this point.

ETH rallies from day 1 of the month:
Jan - 80% in 8 days
Feb - 57% in 18 days
Mar - 38% in 13 days
Apr - 34% in 14 days
May - 55% in 10 days

June is the strongest seasonality in a bull market for ETH.

If we use the previous gains as a guide we get an ETH range of 3,600-4,100-4,900

Using a peak of 0.11 ETHBTC this gives us a BTC range of of 32,700-37,200-45,000

Things are looking pretty good right now as long as Elon stays off twitter.  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Gregzs on May 31, 2021, 06:09:35 PM
Police Bust Suspected Cannabis Farm, Turns Out To Be Large Bitcoin Mining Operation


Cannabis farms concealed inside houses are pretty distinctive. High temperatures, constant humidity, sealed rooms to control odors, and vents to maintain the microclimate are all hallmarks of those that house many plants, and this is certainly known to police. As such, using infrared cameras and drones, police can home in on illegal farms with ease – but they might not always be what they seem.

After West Midlands police gained intelligence suggesting a resident was growing cannabis on an industrial estate in Sandwell, UK, police officers gained a warrant and attended the area expecting to find a swathe of cannabis plants. Instead, they found a large cryptocurrency mining rig of around 100 units, all mining for bitcoin. 

“It’s certainly not what we were expecting! It had all the hallmarks of a cannabis cultivation set-up and I believe it’s only the second such crypto mine we’ve encountered in the West Midlands.” said Sandwell Police Sargent Jennifer Griffin, in a statement.

The equipment used in the operation was all seized on grounds of illegal electricity consumption. According to the police, inquiries into the local electricity supplier uncovered thousands of pounds worth of power stolen from the mains supply to power the large rig, and the officers are now pursuing a case to permanently seize all the units discovered.

“My understanding is that mining for cryptocurrency is not itself illegal but clearly abstracting electricity from the mains supply to power it is,” said Griffin.

The police are now on the hunt for the owner of the operation.
 
“We’ve seized the equipment and will be looking into permanently seizing it under the Proceeds of Crime Act. No-one was at the unit at the time of the warrant and no arrests have been made – but we’ll be making enquiries with the unit’s owner.”

Bitcoin has come under heavy fire in recent months, as the crypto market hit a peak in early May and Bitcoin continued to rise. However, following news of a changing attitude in China and a tweet from Elon Musk claiming Tesla will no longer accept Bitcoin (citing environmental concerns), the crypto market took a sharp hit and many coins were significantly impacted. At the time, Bitcoin mining was using more electricity than Argentina, which troubled environmentalists.

As cryptocurrencies such as Ethereum transition to more environmentally-friendly methods, it remains to be seen whether the market can bounce back. 

In the meantime, if you are considering mining for crypto, make sure to source electricity legally.

https://www.iflscience.com/technology/police-bust-suspected-cannabis-farm-turns-out-to-be-large-bitcoin-mining-operation/?fbclid=IwAR3ZcbXAn37cHp00UNpNzqIXKghPZUprjytDGD6uHPCQJUeEtrikFA9Z4uc

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 01, 2021, 02:40:40 AM
Quote from: Bindare_Dundat on May 31, 2021, 05:37:35 PM
Things are looking pretty good right now as long as Elon stays off twitter.  :D

I’m out. Took the profit and am sitting in cash.

The sad truth is this, a 50% drop has a higher probability of becoming a 70% drop than it does of rallying quickly to a new ATH. Institutions and big players are trading the volatility.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 01, 2021, 10:02:42 AM
Quote from: Mayday on June 01, 2021, 02:40:40 AM
I’m out. Took the profit and am sitting in cash.

The sad truth is this, a 50% drop has a higher probability of becoming a 70% drop than it does of rallying quickly to a new ATH. Institutions and big players are trading the volatility.

I got nothing but time.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on June 01, 2021, 10:44:10 AM
There will be a few cops in the UK now doing crypto-mining with that seized equipment.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 02, 2021, 01:59:39 AM
Quote from: Mayday on June 01, 2021, 02:40:40 AM
I’m out. Took the profit and am sitting in cash.

The sad truth is this, a 50% drop has a higher probability of becoming a 70% drop than it does of rallying quickly to a new ATH. Institutions and big players are trading the volatility.

Lets see how this goes. BTC might well drop to the 24K level. But then again, its quite possible that right now is really the support level for the recent low, before the next sustained upwards climb to 80-100K. Would suck if you sold exactly at the bottom and then miss the whole next leg up.

I'm staying true to my word. Long term HODL for me...

Time will tell!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 02, 2021, 02:07:32 AM
 Pumping  a bit now. A move to 40k and this thing will explode 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 02, 2021, 03:56:43 AM
Quote from: gib on June 02, 2021, 01:59:39 AM
Lets see how this goes. BTC might well drop to the 24K level. But then again, its quite possible that right now is really the support level for the recent low, before the next sustained upwards climb to 80-100K. Would suck if you sold exactly at the bottom and then miss the whole next leg up.


So BTC could potentially x2 or x3.

You can just wait to see if it hits 50K or a new ATH and then buy ETH and you'll get a x2 or x3 anyway. Far less risk involved in that move.

Or you can just buy a bunch of alts in these dips and get a potential x5.

Only reason to hold BTC right now is if you're a maxi (I'm not criticizing them, might even join them myself soon). But I sold my BTC not too long ago and it's already paying off. Some of the alts I bought are already  close to x2 and BTC hasn't even started pumping yet.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 02, 2021, 04:27:34 AM
Quote from: Flexacon on June 02, 2021, 03:56:43 AM
So BTC could potentially x2 or x3.

You can just wait to see if it hits 50K or a new ATH and then buy ETH and you'll get a x2 or x3 anyway. Far less risk involved in that move.

Or you can just buy a bunch of alts in these dips and get a potential x5.

Only reason to hold BTC right now is if you're a maxi (I'm not criticizing them, might even join them myself soon). But I sold my BTC not too long ago and it's already paying off. Some of the alts I bought are already  close to x2 and BTC hasn't even started pumping yet.

The price of alts relative  to btc is crazy right now compared to when btc was at ath.

Like you said, if btc takes off, the alts are gonna go ballistic.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 02, 2021, 05:03:24 AM
Quote from: Bindare_Dundat on June 02, 2021, 02:07:32 AM
Pumping  a bit now. A move to 40k and this thing will explode

Looking for 38k and 2.8k breakout.

Just remember the Miami Bitcoin conference is on the 4th and 5th. When they had the conference on in 2019 price went up 25% in 2 days and then dumped 30% straight after.

If I see the ranges break I’ll jump into ETH, Doge and small caps for a quick trade and then out.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 02, 2021, 05:07:46 AM
Quote from: Mayday on June 02, 2021, 05:03:24 AM
Looking for 38k and 2.8k breakout.

Just remember the Miami Bitcoin conference is on the 4th and 5th. When they had the conference on in 2019 price went up 25% in 2 days and then dumped 30% straight after.

If I see the ranges break I’ll jump into ETH, Doge and small caps for a quick trade and then out.

If you touch doge I will take back the earlier  beer offer lol.

Yes I took the conference into consideration. We formed a nice cup and handle on the 4 hour. If we break past 40k there was hardly and friction on the way down, a move up could be close to parabolic from that price.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 02, 2021, 05:16:15 AM
Quote from: gib on June 02, 2021, 01:59:39 AM
Lets see how this goes. BTC might well drop to the 24K level. But then again, its quite possible that right now is really the support level for the recent low, before the next sustained upwards climb to 80-100K. Would suck if you sold exactly at the bottom and then miss the whole next leg up.

I'm staying true to my word. Long term HODL for me...

Time will tell!

The problem is the monthly charts are horrific. We already blew through the bounce territory on the RSI meaning historically every single time we go down  :(

We see dead cat bounces in the past and I expect the 4th-5th June to rally hard because of Miami. It might be 20%+! However People are already carried away calling breakouts far to early only to get slaughtered. I am seeing stacks of alerts of longs being liquidated, they are being slaughtered going in too early.

BtC 38k and ETH 2.8k are the breakout ranges. If they break up I’ll go in and out.

I’ll wait for the monthly charts to look healthy again before I stay in for good. Look at how much shit I recently got wrong because I stopped looking at the macro trend lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 02, 2021, 05:17:45 AM
Quote from: Bindare_Dundat on June 02, 2021, 05:07:46 AM
If you touch doge I will take back the earlier  beer offer lol.

Yes I took the conference into consideration. We formed a nice cup and handle on the 4 hour. If we break past 40k there was hardly and friction on the way down, a move up could be close to parabolic from that price.

Yep. Will be a 🚀 if we break above (I’m fully expecting to see ETH go 30%).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 02, 2021, 06:21:30 AM
yea? 4 hr.  pretty close. rim of cup near 37.5k. tapping that price now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on June 02, 2021, 08:50:13 AM
If BTC climbs back up to where it was ($60K or higher) doesn't that mean that the little meme coins like Doge, Shib, Kishu, will take off too?

If that is the case, why are the BTC fans not putting a few thousand on the little coins?  If seems if some of these like Shib or Kishu were to hit $0.01, there would be tidy gain made.

Again, I don't know shit about this venture... just asking a question based on something I have read.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 02, 2021, 08:51:12 AM
Quote from: LurkerNoMore on June 02, 2021, 08:50:13 AM
If BTC climbs back up to where it was ($60K or higher) doesn't that mean that the little meme coins like Doge, Shib, Kishu, will take off too?

If that is the case, why are the BTC fans not putting a few thousand on the little coins?  If seems if some of these like Shib or Kishu were to hit $0.01, there would be tidy gain made.

Again, I don't know shit about this venture... just asking a question based on something I have read.

Because when they drop they drop big time relative to btc. Plus they are zero use shit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on June 02, 2021, 08:52:14 AM
Quote from: Bindare_Dundat on June 02, 2021, 08:51:12 AM
Because when they drop they drop big time relative to btc. Plus they are zero use shit.

True, but I didn't mean to attempt to hold onto them.  Seeing how it may be just a fad, why not take advantage of it for some $$$ and then bail out at the peak?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 02, 2021, 09:24:18 AM
Quote from: LurkerNoMore on June 02, 2021, 08:50:13 AM
If BTC climbs back up to where it was ($60K or higher) doesn't that mean that the little meme coins like Doge, Shib, Kishu, will take off too?

If that is the case, why are the BTC fans not putting a few thousand on the little coins? 

Some BTC fans do do that. Maybe not meme coins, but definitely some of the better alt coins. They just don't always talk about it or plain act like it's a ridiculous thing to do. They need to stick to the BTC maxi narrative.

Quote from: LurkerNoMore on June 02, 2021, 08:50:13 AM
  It seems if some of these like Shib or Kishu were to hit $0.01, there would be tidy gain made.

Coins like shib are intentionally created to be small decimals like 0.000094 so people think oh it only needs to increase a small amount to get to 0.01 and they'll see massive profit. The reality is that's a huge increase. For it to get to that kinda value it would end up having a huge market value, on par with ETH. Extremely unlikely that'll happen. It's just a con to lure people in.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on June 02, 2021, 10:04:50 AM
Quote from: Flexacon on June 02, 2021, 09:24:18 AM
Some BTC fans do do that. Maybe not meme coins, but definitely some of the better alt coins. They just don't always talk about it or plain act like it's a ridiculous thing to do. They need to stick to the BTC maxi narrative.

Coins like shib are intentionally created to be small decimals like 0.000094 so people think oh it only needs to increase a small amount to get to 0.01 and they'll see massive profit. The reality is that's a huge increase. For it to get to that kinda value it would end up having a huge market value, on par with ETH. Extremely unlikely that'll happen. It's just a con to lure people in.

Which ones are they?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 02, 2021, 10:10:30 AM
Quote from: LurkerNoMore on June 02, 2021, 10:04:50 AM
Which ones are they?

That's where you need to do your own research  :D

Everyone has different ones the like. Read through maybe the last 15 pages on here and you'll see several mentioned. (You might have missed the boat when it comes to value though. Wait for another dip)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 02, 2021, 03:05:02 PM
Quote from: Bindare_Dundat on June 02, 2021, 08:51:12 AM
Because when they drop they drop big time relative to btc. Plus they are zero use shit.
Bitcoin also has zero usage as a store of value. You either buy and hodl or buy low sell high. It is pointless to use BTC for anything if the purpose is a store of value. Well I guess you can earn APR on it at Blockfi.

Doge actually did not drop much more than Bitcoin. Bitcoin went from 64k to 30k and Doge from 0.7 to 0.3. Right now Doge is back at 0.43. So it has recovered more than Bitcoin.

Is still think Doge is going to $1, perhaps even this year. The dollar will lose value. It has higher inflation than Doge.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 02, 2021, 03:14:04 PM
Quote from: obsidian on June 02, 2021, 03:05:02 PM
Bitcoin also has zero usage as a store of value. You either buy and hodl or buy low sell high. It is pointless to use BTC for anything if the purpose is a store of value. Well I guess you can earn APR on it at Blockfi.

Doge actually did not drop much more than Bitcoin. Bitcoin went from 64k to 30k and Doge from 0.7 to 0.3. Right now Doge is back at 0.43. So it has recovered more than Bitcoin.

Is still think Doge is going to $1, perhaps even this year. The dollar will lose value. It has higher inflation than Doge.

Ok you win. Doge and bitcoin are exactly the same thing. Selling everything and going into doge tonight.  ;)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 02, 2021, 03:34:37 PM
Quote from: LurkerNoMore on June 02, 2021, 08:50:13 AM
If BTC climbs back up to where it was ($60K or higher) doesn't that mean that the little meme coins like Doge, Shib, Kishu, will take off too?

If that is the case, why are the BTC fans not putting a few thousand on the little coins?  If seems if some of these like Shib or Kishu were to hit $0.01, there would be tidy gain made.

Again, I don't know shit about this venture... just asking a question based on something I have read.

Shitcoins cannot go up without Bitcoin going up. Shitcoin beliebers don't realize  that all shitcoin indexes are tied to Bitcoin. It's the way the algo bots trade, and there are a bizillion of them....

So shitcoins are going nowhere without Bitcoin pumping first, yeah they might have an intial gain of 3x. When btc dips, shitcoins dip even harder.  Notice every man and his dog is an elite trader during a bull market,  wait until a bear market hits and see how well these guys are doing.
DCA into btc and hodl until 2029.

Or alternatively follow this graph below and become an altcoin maxi
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 02, 2021, 04:13:11 PM
Quote from: Bindare_Dundat on June 02, 2021, 03:14:04 PM
Ok you win. Doge and bitcoin are exactly the same thing. Selling everything and going into doge tonight.  ;)
LOL! Just kidding bro. Bitcoin is the granddaddy of crypto. If it shits everything else follows - for now. Ethereum was doing just great and reached 4.4K when Bitcoin was going sideways. Then after Alon's tweets BTC started to crash. Ethereum at first was resilient and held on pretty good.

But after a few days it started to crash as well. Cardano initially pumped because of the green narrative and people were speculating Tesla was going to use ADA. But then it too crashed all the way down to a little over $1.

So in this case BTC started the correction and the alts circled down the drain along with BTC. Now it is the slow road back to previous ATH. Because of weak fucking hands that sold back into the flawed dollar. Well I guess corrections are healthy and some people can make money if they time the dips right - by luck. But like gambling you can't always beat the market.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 02, 2021, 04:13:46 PM
Quote from: Theoak* on June 02, 2021, 03:34:37 PM
Shitcoins cannot go up without Bitcoin going up. Shitcoin beliebers don't realize  that all shitcoin indexes are tied to Bitcoin. It's the way the algo bots trade, and there are a bizillion of them....

So shitcoins are going nowhere without Bitcoin pumping first, yeah they might have an intial gain of 3x. When btc dips, shitcoins dip even harder.  Notice every man and his dog is an elite trader during a bull market,  wait until a bear market hits and see how well these guys are doing.
DCA into btc and hodl until 2029.

Or alternatively follow this graph below and become an altcoin maxi
LOL! That's hilarious!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 02, 2021, 04:53:13 PM
Quote from: obsidian on June 02, 2021, 04:13:11 PM
LOL! Just kidding bro. Bitcoin is the granddaddy of crypto. If it shits everything else follows - for now. Ethereum was doing just great and reached 4.4K when Bitcoin was going sideways. Then after Alon's tweets BTC started to crash. Ethereum at first was resilient and held on pretty good.

But after a few days it started to crash as well. Cardano initially pumped because of the green narrative and people were speculating Tesla was going to use ADA. But then it too crashed all the way down to a little over $1.

So in this case BTC started the correction and the alts circled down the drain along with BTC. Now it is the slow road back to previous ATH. Because of weak fucking hands that sold back into the flawed dollar. Well I guess corrections are healthy and some people can make money if they time the dips right - by luck. But like gambling you can't always beat the market.

Im really happy with my positions right now.  Looking forward to see where we  are a few months from today.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 03, 2021, 03:42:29 AM
Good push up going now.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 03, 2021, 03:47:32 AM
Quote from: Bindare_Dundat on June 03, 2021, 03:42:29 AM
Good push up going now.

The leveraged longs all got fully wiped out. So, now we have the shorts being squeezed. If they fail to liquidate, they may find themselves suddenly in deep pain as they start to get anally raped by a trickle of leveraged longs getting back into the game...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 03, 2021, 03:53:18 AM
Quote from: gib on June 03, 2021, 03:47:32 AM
The leveraged longs all got fully wiped out. So, now we have the shorts being squeezed. If they fail to liquidate, they may find themselves suddenly in deep pain as they start to get anally raped by a trickle of leveraged longs getting back into the game...

Agreed.

Itll snowball as confidence grows. Like I said earlier, a move past 40k will probably rocket this up real quick, killing anyone still in a short position. I'd be sweating if I was in one right about now.

But we'll see, its crypro after all, anything could happen
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 03, 2021, 04:04:33 AM
Quote from: Bindare_Dundat on June 03, 2021, 03:53:18 AM
Agreed.

Itll snowball as confidence grows. Like I said earlier, a move past 40k will probably rocket this up real quick, killing anyone still in a short position. I'd be sweating if I was in one right about now.

But we'll see, its crypro after all, anything could happen

Yep - fun times. For me I don't trade with leverage and simply just hodl. But still fascinating to watch and speak with friends who are serious crypto traders.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 03, 2021, 07:05:45 PM
Elon fuckface just cant stop tweeting.

Someone please put some lead into this guy. Lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 03, 2021, 08:22:17 PM
Quote from: Bindare_Dundat on June 03, 2021, 07:05:45 PM
Elon fuckface just cant stop tweeting.

Someone please put some lead into this guy. Lol

Agree, fuck Elon. He and associated scammers are clearly operating with impunity in an area outside of SEC regulation. I hope the market fights back and screws these guys positions.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 03, 2021, 08:50:51 PM
I just bought a token of $1000 @ 38K, to play my part in the Elon Fightback!

We should all buy a little BTC immediately as he tweets anything designed to benefit leveraged shorts.

Strength in numbers...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 04, 2021, 01:50:51 AM
Same as last time, the market is on an edge already and he kicks it off.

The bullish talk on Twitter the last few days has been crazy yet 2 weeks ago it was ‘weekends are for dumping’...... is this not a weekend coming up lol?

The reality is this. The market is sick enough that a single tweet triggers a sell off. Below 32k is no man’s land to 19k.CME futures gaps are 19k and 25k.

Binance announced their insurance on liquidations is toasted. They are plugging gaps with their own funds and implemented an 8% charge on any liquidation. That will is end up market wide. don’t bank on 10x YOLO buyers coming in to save holders from these massive dumps.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 04, 2021, 03:00:58 AM
What is that guys malfunction and why is anyone selling on his tweets? The only silver lining is that it hasn't dumped further. Lets see how it handles the next few days.

Can we all just short Tesla into the fucking ground now? Lol

And sell  your fucking doge. If yoire still holding that shit, you're part of the problem 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 04, 2021, 04:24:43 AM
I’m not holding anything don’t worry.

Elon definitely has a plan. He is an energy tech guy. He has mates who dump when he tweets, it’s just a plan to cause liquidation avalanches.

It’s clear he requires a tanked market so I’d say he is going to create his own crypto.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 04, 2021, 05:12:16 AM
Quote from: gib on June 03, 2021, 08:22:17 PM
Agree, fuck Elon. He and associated scammers are clearly operating with impunity in an area outside of SEC regulation. I hope the market fights back and screws these guys positions.


Hilarious irony! Yes, beg for more oversight. Being played like a Stradavari.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 04, 2021, 05:14:14 AM
Quote from: Mayday on June 04, 2021, 04:24:43 AM
I’m not holding anything don’t worry.

Elon definitely has a plan. He is an energy tech guy. He has mates who dump when he tweets, it’s just a plan to cause liquidation avalanches.

It’s clear he requires a tanked market so I’d say he is going to create his own crypto.



Timeline says could just as easily be involved at the Satoshi level with the Paypal background.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on June 04, 2021, 05:14:43 AM
Quote from: Mayday on June 04, 2021, 04:24:43 AM
I’m not holding anything don’t worry.

Elon definitely has a plan. He is an energy tech guy. He has mates who dump when he tweets, it’s just a plan to cause liquidation avalanches.

It’s clear he requires a tanked market so I’d say he is going to create his own crypto.

Back on May 15th, someone on twitter asked Elon the following:

"Why not just make a crypto from scratch that does everything you want technically and has a lot of dev support and doesn’t have high concentration of ownership at least initially?".

Elon then replied with the following:

"Only if Doge can’t do it. Big pain in the neck to create another one."

Wouldn't surprise me in the slightest bit if one of the world's richest men (top 3), who happens to be an energy tech guy and has all the resources in the world, decides to create his own cryptocurrency. It would essentially be the happy ending to all of his horrifying tweets.

Moral of the story: Elon farts and the world of cryptocurrencies runs for cover. Shows you the true power of real money. Money is lost every time he tweets a stupid meme. Now imagine if he actually started a full blown smear campaign against Bitcoin and gets all his government cronies to jump on board with their pitchforks.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 04, 2021, 08:09:54 AM
Quote from: gib on June 03, 2021, 08:50:51 PM
I just bought a token of $1000 @ 38K, to play my part in the Elon Fightback!

We should all buy a little BTC immediately as he tweets anything designed to benefit leveraged shorts.

Strength in numbers...

You sound like a reddit meme investor  :D

This has been their M.O. for the last 6 months against any FUDs or dips.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 04, 2021, 08:12:17 AM
Quote from: OneMoreRep on June 04, 2021, 05:14:43 AM
Back on May 15th, someone on twitter asked Elon the following:

"Why not just make a crypto from scratch that does everything you want technically and has a lot of dev support and doesn’t have high concentration of ownership at least initially?".

Elon then replied with the following:

"Only if Doge can’t do it. Big pain in the neck to create another one."

Wouldn't surprise me in the slightest bit if one of the world's richest men (top 3), who happens to be an energy tech guy and has all the resources in the world, decides to create his own cryptocurrency. It would essentially be the happy ending to all of his horrifying tweets.

Moral of the story: Elon farts and the world of cryptocurrencies runs for cover. Shows you the true power of real money. Money is lost every time he tweets a stupid meme. Now imagine if he actually started a full blown smear campaign against Bitcoin and gets all his government cronies to jump on board with their pitchforks.

"1"

Bitcoin will bury Elon just as it has everything else that has stood in its way.

Nothing that Elon can produce will have the decentralization of Bitcoin and thus will ultimately fail as a replacement to Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on June 04, 2021, 08:40:56 AM
Quote from: polychronopolous on June 04, 2021, 08:12:17 AM
Bitcoin will bury Elon just as it has everything else that has stood in its way.

Nothing that Elon can produce will have the decentralization of Bitcoin and thus will ultimately fail as a replacement to Bitcoin.

Honestly, I hope that you are right.

Problem I see with Bitcoin is that it doesn't have much use. It's a pseudo store of value, as today you might have some money stored away and tomorrow it could very well be gone when you need it. Yes, it's the first of its kind and stands for a lot by way of decentralized finance and currencies, but I feel that it isn't keeping up with the times accordingly.

I honestly see cryptos like Ethereum having more potential than Bitcoin, possibly dethroning it over time. Thing is that there are MANY BTC maxis that will hold on to it for dear life and not jump ship regardless of what happens. I respect that level of conviction, but it can also be very dangerous when it comes to dealing with money. Nothing stays still. Old technology runs its course and new technology takes over.

Nonetheless, I want BTC to succeed as I believe it stands for a lot more than just crypto. It represents freedom from the centralized banking system that has kept humanity enslaved for centuries.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 04, 2021, 11:47:59 AM
Quote from: OneMoreRep on June 04, 2021, 08:40:56 AM

Nonetheless, I want BTC to succeed as I believe it stands for a lot more than just crypto. It represents freedom from the centralized banking system that has kept humanity enslaved for centuries.

"1"

This.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 04, 2021, 02:38:01 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 04, 2021, 02:38:47 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 04, 2021, 02:39:21 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 04, 2021, 03:45:10 PM
Quote from: OneMoreRep on June 04, 2021, 05:14:43 AM
Back on May 15th, someone on twitter asked Elon the following:

"Why not just make a crypto from scratch that does everything you want technically and has a lot of dev support and doesn’t have high concentration of ownership at least initially?".

Elon then replied with the following:

"[i]Only if Doge can’t do it. Big pain in the neck to create another one.[/i]"

Wouldn't surprise me in the slightest bit if one of the world's richest men (top 3), who happens to be an energy tech guy and has all the resources in the world, decides to create his own cryptocurrency. It would essentially be the happy ending to all of his horrifying tweets.

"1"

Ironic he says it’s a pain in the ass..... ummmm spaceships, neuralink, star link etc lol.

Anyone can copy a crypto in 2 seconds for a few bucks and launch it. I’d assume it’s more a ‘berg’ fixation that it needs to be Doge. Meh I guess it doesn’t matter, he’ll get the job done.

**Edit - well there you have it, it looks like DOGE+ETH is gunna be the solution. BTC gunna get flipped.....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 04, 2021, 04:08:26 PM
Quote from: polychronopolous on June 04, 2021, 08:12:17 AM
Bitcoin will bury Elon just as it has everything else that has stood in its way.

Nothing that Elon can produce will have the decentralization of Bitcoin and thus will ultimately fail as a replacement to Bitcoin.

If we have another pullback BTC will be at its weakest.

The guy with spaceships, brain chips, orbiting satellite internet, EVs, solar panels wants it to crash because that’s when he can flip everything.

I’ll say it again, the biggest threat to BTC is Doge. The weakest time for BTC is at a market bottom and guess where we are headed?

It’s a pretty easy decision to make, back the guy with spaceships who is arguably the greatest innovator in human history.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on June 04, 2021, 04:50:21 PM
The crypto world has seem to stabilize. Prices are pretty steady. What’s it going to take to move the needles again?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Coffeed on June 04, 2021, 05:13:51 PM
Quote from: El Diablo Blanco on June 04, 2021, 04:50:21 PM
The crypto world has seem to stabilize. Prices are pretty steady. What’s it going to take to move the needles again?
More Biden bucks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 04, 2021, 06:07:50 PM
Quote from: El Diablo Blanco on June 04, 2021, 04:50:21 PM
The crypto world has seem to stabilize. Prices are pretty steady. What’s it going to take to move the needles again?

Consider this:
Bitcoin has never hit an all time high (ATH) and never not had a 50% crash followed by another 50% crash.

We had a peak. We are well below the 20wk EMA and not recovering. We have a ‘death cross’ in the coming weeks which is unavoidable at this late stage unless we rally to 60k in a few weeks. These things all signal another crash is coming.

The question you need to be asking is why would it go up? Institutions are not buying at this price. They are dumping at this price and retail buyers can’t absorb the volume so it crashes.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 04, 2021, 10:06:07 PM
Quote from: El Diablo Blanco on June 04, 2021, 04:50:21 PM
The crypto world has seem to stabilize. Prices are pretty steady. What’s it going to take to move the needles again?

No more sellers willing to sell (we are about there I think), followed by a trickle dipping therr toes back into buying, followed by the longs gaining confidence to leverage up, followed by retail FOMO of missing the ride back up to a new ATH.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 04, 2021, 11:45:22 PM
BTC from 63.5k —> Pi cycle cross a bear market signal
12 days crash
13 days rally
12 days crash under 21wk ema a bear market signal
12 days rally under 21wk ema a bear market signal

This past week we had 4 attempts breaking above trend to the upside and all were rejected. A bear market signal.

Death cross approach in approx 2 weeks a bear market signal


Now take into account my recent horrid predictions and this sucker is gunna moon lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 05, 2021, 01:10:14 AM
Quote from: OneMoreRep on June 04, 2021, 08:40:56 AM
Honestly, I hope that you are right.

Problem I see with Bitcoin is that it doesn't have much use. It's a pseudo store of value, as today you might have some money stored away and tomorrow it could very well be gone when you need it. Yes, it's the first of its kind and stands for a lot by way of decentralized finance and currencies, but I feel that it isn't keeping up with the times accordingly.

I honestly see cryptos like Ethereum having more potential than Bitcoin, possibly dethroning it over time. Thing is that there are MANY BTC maxis that will hold on to it for dear life and not jump ship regardless of what happens. I respect that level of conviction, but it can also be very dangerous when it comes to dealing with money. Nothing stays still. Old technology runs its course and new technology takes over.

Nonetheless, I want BTC to succeed as I believe it stands for a lot more than just crypto. It represents freedom from the centralized banking system that has kept humanity enslaved for centuries.

"1"

BTC is absolutely a store of value, pristine SOV.  To develop that level of conviction comes with time in the market, ebs and flows of both emotion and value.  I still have my coins purchased at 200$.   The last dip of 50% saw 22% of coins from cold storage become liquid.  78% of those coins were hodled,  that tells me........yes the market is volatile and irrational at times.  If you cant handle at 50% dip, then you dont deserve the 200% gain.  This is the wild west of a new technology that is sweeping the monetary system and the way we bank ourselves.  It is not a straight line up.  BTC is and will always be king daddy of the wild west, 4000+ shitcoins have been created to rival BTC and still nothing?  The whole ETH flipping had much more noise to it in 2017/2018. Not so much this time around, just seems that way to newcomers.

BTC is not money, store of value. We have lightning network protocols and taproot being activated in November which adds another layer.  Shit,  I can send 30mil in btc right now to GIB via lightning protocol for a fee of .01cents and receive it instantaneously......... or standard route and pay a fee of 15$ and wait 10minutes.

ETH surpassing BTC in market cap?  Ill run some numbers, perhaps Mayday can confirm. He has a firmer grasp of the market when it comes to tracking Store of value assets such as equities, bonds, real estate, gold.

Lets play it conservative.  When big money is dropped into the market, say 1billion, the market cap moves by a factor of 20x.  20billion,

When these trad stores of value start to redistribute their treasuries into BTC, what happens to the price given set limit of 21million coins, 18 which have been mined, 4million which have been lost, 1million locked up in Satoshis wallet never to be moved.  We have 14 million active coins on the market.

Lets redistribute;

Gold       12T      20%   flow into btc   2.4T
Bonds    120T     10%                        12T
Equities  100T      1%                          1T
RE         200T       1%                         2T

Total 17.4T into BTC

Market cap today is under 1 Trillion.

17.4T X 20 = 348T
348T/14million BTC = 24,857.142

Price per BTC = $24,856,142

This is a forecast for the next 5-10 years with what I consider conservative numbers.  Hell, you can even consider 50-75% reduction in Capital flowing into the BTC space and would still see a price point of 5million(my prediction) by 2030.  These are the benefits of digital scarcity on an open network. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 05, 2021, 01:18:47 AM
Quote from: Mayday on June 04, 2021, 11:45:22 PM
BTC from 63.5k —> Pi cycle cross a bear market signal
12 days crash
13 days rally
12 days crash under 21wk ema a bear market signal
12 days rally under 21wk ema a bear market signal

This past week we had 4 attempts breaking above trend to the upside and all were rejected. A bear market signal.

Death cross approach in approx 2 weeks a bear market signal


Now take into account my recent horrid predictions and this sucker is gunna moon lol.

BTC is determined by money flowing in and not TA, we have seen death crosses before in this market and nothing eventuated.  Coins are being gobbled up into the lower bound of the 30k zones.  Perhaps people are waking up?  Im not a short term guy, are you convinced we are in a bear market? What signal are you waiting for to give a clear indication? 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 05, 2021, 01:57:16 AM
Quote from: Theoak* on June 05, 2021, 01:18:47 AM
BTC is determined by money flowing in and not TA, we have seen death crosses before in this market and nothing eventuated.  Coins are being gobbled up into the lower bound of the 30k zones. 

Agreed. So many were talking about  death crosses and certain price levels equating to complete doom that last weekend was suppose to see btc drop to 18k.

Many times in crypto,  just when you think it's about to all go to shit, it manages to do what was considered impossible and climb higher.

Never a dull moment thats for sure.

I'm actuallymore optimistic now, seeing as even after Asshats tweet, things bounced back way faster this time then last time. I thought, shit...were gonna see liquidations triggered again taking us way down, but it actually worked out OK, for the time being.

Still a long way to go but I'm hoping for the best. Like you said,  perhaps more people are beginning to understand this.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 05, 2021, 02:45:35 AM
"Death cross" lol. Gotta love these chartist terminologies. :)

"Witches peak" is another one of my favorites...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 05, 2021, 06:31:45 AM
Quote from: Theoak* on June 05, 2021, 01:18:47 AM
BTC is determined by money flowing in and not TA, we have seen death crosses before in this market and nothing eventuated.  Coins are being gobbled up into the lower bound of the 30k zones.  Perhaps people are waking up?  Im not a short term guy, are you convinced we are in a bear market? What signal are you waiting for to give a clear indication?

As a large signal and extending the timeline to be more correct?  We have never had an ATH and then not had a 50%+ crash, rally, followed by another 50%+ crash. It’s important to note this is from an ATH. No special chart required.

That is the largest signal one could pick on a longer timeline.

Now watch it rally to 42k lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 05, 2021, 07:22:36 AM
Quote from: Mayday on June 05, 2021, 06:31:45 AM
As a large signal and extending the timeline to be more correct?  We have never had an ATH and then not had a 50%+ crash, rally, followed by another 50%+ crash. It’s important to note this is from an ATH. No special chart required.

That is the largest signal one could pick on a longer timeline.

Now watch it rally to 42k lol.


The second 50% drop last ATH was due to fork wars.  I think it was BSV? Craig Wright largely. Could Elon be this bullruns CW?  Time will tell, i just dont see it. 

Every bearish tweet becomes less and less effective.
Ignore it as noise, focus on the signal, and eventually he'll fade to insignificance in terms of btc.  Fumdamentals still havent changed and thats a long term signal I can heavily rely on.

If it does dump 50% no doubt youll be smashing that  buy order faster than any one on this forum.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 05, 2021, 09:20:05 AM
Are people still trying to figure out what's going on? Lol

I'm sitting here smug as fuck as things are mostly playing out how I predicted a month or 2 back. Seen plenty of things to confirm my bias since.
We have another mini rally, followed by a 20 to 25% crash and then once we're done edging we climax!

Be ready to go balls deep in the next crash if you haven't already!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on June 05, 2021, 09:52:15 AM
Quote from: Flexacon on June 05, 2021, 09:20:05 AM
Are people still trying to figure out what's going on? Lol

I'm sitting here smug as fuck as things are mostly playing out how I predicted a month or 2 back. Seen plenty of things to confirm my bias since.
We have another mini rally, followed by a 20 to 25% crash and then once we're done edging we climax!

Be ready to go balls deep in the next crash if you haven't already!

I don't believe in all this crypto malarkey but I'll be in balls deep when it crashes lol.

I'm still pissed I waited a year for my crypto to break even then sold and missed out on the 15x flip   :P
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 05, 2021, 03:14:02 PM
El Salvador looks to become the world’s first country to adopt bitcoin as legal tender

MIAMI -- El Salvador is looking to introduce legislation that will make it the world’s first sovereign nation to adopt bitcoin as legal tender, alongside the U.S. dollar.

In a video broadcast to Bitcoin 2021, a multiday conference in Miami being billed as the biggest bitcoin event in history, President Nayib Bukele announced El Salvador’s partnership with digital wallet company, Strike, to build the country’s modern financial infrastructure using bitcoin technology.

“Next week I will send to congress a bill that will make bitcoin a legal tender,” said Bukele.

Jack Mallers, founder of the Lightning Network payments platform Strike, said this will go down as the “shot heard ’round the world for bitcoin.”

“What’s transformative here is that bitcoin is both the greatest reserve asset ever created and a superior monetary network. Holding bitcoin provides a way to protect developing economies from potential shocks of fiat currency inflation,” continued Mallers.

Speaking from the mainstage, Mallers said the move will help unleash the power and potential of bitcoin for everyday use cases on an open network that benefits individuals, businesses, and public sector services.

El Salvador is a largely cash economy, where roughly 70% of people do not have bank accounts or credit cards. Remittances, or the money sent home by migrants, account for more than 20% of El Salvador’s gross domestic product. Incumbent services can charge 10% or more in fees for those international transfers, which can sometimes take days to arrive and that sometimes require a physical pick-up.

https://www.cnbc.com/2021/06/05/el-salvador-becomes-the-first-country-to-adopt-bitcoin-as-legal-tender-.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 05, 2021, 04:46:04 PM
Quote from: Theoak* on June 05, 2021, 07:22:36 AM

The second 50% drop last ATH was due to fork wars.  I think it was BSV? Craig Wright largely. Could Elon be this bullruns CW?  Time will tell, i just dont see it. 

Every bearish tweet becomes less and less effective.
Ignore it as noise, focus on the signal, and eventually he'll fade to insignificance.

If it does dump 50% no doubt youll be smashing that  buy order faster than any one on this forum.

Yes i am out awaiting a crash to lower levels where I will go balls in. Even if it stabilises and I buy back in higher I’m ok with that. I just don’t want to play in the mud.

Elon’s tweets didn’t create any crash out of thin air, the market is moving in that direction anyway. His buddies dumping pulls the trigger.

He has the ability to make things fly (see what I did there?). He recent post says it all - don’t kill what you hate, save what you love.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 05, 2021, 04:59:57 PM
Quote from: polychronopolous on June 05, 2021, 03:14:02 PM
El Salvador looks to become the world’s first country to adopt bitcoin as legal tender

MIAMI -- El Salvador is looking to introduce legislation that will make it the world’s first sovereign nation to adopt bitcoin as legal tender, alongside the U.S. dollar.

In a video broadcast to Bitcoin 2021, a multiday conference in Miami being billed as the biggest bitcoin event in history, President Nayib Bukele announced El Salvador’s partnership with digital wallet company, Strike, to build the country’s modern financial infrastructure using bitcoin technology.

“Next week I will send to congress a bill that will make bitcoin a legal tender,” said Bukele.

Jack Mallers, founder of the Lightning Network payments platform Strike, said this will go down as the “shot heard ’round the world for bitcoin.”

“What’s transformative here is that bitcoin is both the greatest reserve asset ever created and a superior monetary network. Holding bitcoin provides a way to protect developing economies from potential shocks of fiat currency inflation,” continued Mallers.

Speaking from the mainstage, Mallers said the move will help unleash the power and potential of bitcoin for everyday use cases on an open network that benefits individuals, businesses, and public sector services.

El Salvador is a largely cash economy, where roughly 70% of people do not have bank accounts or credit cards. Remittances, or the money sent home by migrants, account for more than 20% of El Salvador’s gross domestic product. Incumbent services can charge 10% or more in fees for those international transfers, which can sometimes take days to arrive and that sometimes require a physical pick-up.

https://www.cnbc.com/2021/06/05/el-salvador-becomes-the-first-country-to-adopt-bitcoin-as-legal-tender-.html

So it begins, retailers, institutions, states, small countries and then..........
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 05, 2021, 05:10:03 PM
Quote from: Flexacon on June 05, 2021, 09:20:05 AM
Are people still trying to figure out what's going on? Lol

I'm sitting here smug as fuck as things are mostly playing out how I predicted a month or 2 back. Seen plenty of things to confirm my bias since.
We have another mini rally, followed by a 20 to 25% crash and then once we're done edging we climax!

Be ready to go balls deep in the next crash if you haven't already!

You have every right to be smug. Fuckin hell I agree so often with your points and then I deviated from my usual way of analysing and I fucked right up (well I got ETH right which saved my bacon).

Going back to my simple 5 second I don’t GAF analysis because it seems to be the most accurate lolz.

just eyeballs on a blank wick pattern on the daily with literally a 5 second look with what my brain looks at first.

5 second No Fucks Given analysis -
*run up from 20k was 3 weeks on, 3 weeks off all the way to 64k
*crash pattern from 64k is 2 weeks off, 2 weeks on.
*We just had the 2 weeks on so we are due for 2 weeks down.

Invert the BTC daily chart from 20k and does it look bullish?  Now invert it back and there is your direction without bias.

Price to test 35.8k get rejected and down to 34k with the below resistance ranges:
Resistance 31k-33k
Resistance 22k-24k
Resistance 17k-19.7k
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 05, 2021, 09:30:32 PM
Quote from: polychronopolous on June 05, 2021, 03:14:02 PM
El Salvador looks to become the world’s first country to adopt bitcoin as legal tender

MIAMI -- El Salvador is looking to introduce legislation that will make it the world’s first sovereign nation to adopt bitcoin as legal tender, alongside the U.S. dollar.

In a video broadcast to Bitcoin 2021, a multiday conference in Miami being billed as the biggest bitcoin event in history, President Nayib Bukele announced El Salvador’s partnership with digital wallet company, Strike, to build the country’s modern financial infrastructure using bitcoin technology.

“Next week I will send to congress a bill that will make bitcoin a legal tender,” said Bukele.

Jack Mallers, founder of the Lightning Network payments platform Strike, said this will go down as the “shot heard ’round the world for bitcoin.”

“What’s transformative here is that bitcoin is both the greatest reserve asset ever created and a superior monetary network. Holding bitcoin provides a way to protect developing economies from potential shocks of fiat currency inflation,” continued Mallers.

Speaking from the mainstage, Mallers said the move will help unleash the power and potential of bitcoin for everyday use cases on an open network that benefits individuals, businesses, and public sector services.

El Salvador is a largely cash economy, where roughly 70% of people do not have bank accounts or credit cards. Remittances, or the money sent home by migrants, account for more than 20% of El Salvador’s gross domestic product. Incumbent services can charge 10% or more in fees for those international transfers, which can sometimes take days to arrive and that sometimes require a physical pick-up.

https://www.cnbc.com/2021/06/05/el-salvador-becomes-the-first-country-to-adopt-bitcoin-as-legal-tender-.html

Amazing! Its really finally happening! Will probably see this being done in various African countries too (already happening informally but first one to endorse via Government legislation will have a big edge.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on June 05, 2021, 09:58:53 PM
high probability that this is a longterm bear market now.Anyone saying its going to jump back up to 64k etc obviously never lived through the 2018-2019 bear.Imagine your worst scenario of prices, then imagine worse than that, thats how bear markets play out, especially for alts. Most of the 2017 alts dropped 95% and never recovered. Its ok learning TA for a few months but nothing comes close to the experience of living DAILY through a full bull/bear cycle.There were 10x more top signs this time than dec/jan 17/18.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 06, 2021, 01:42:10 AM
Quote from: Army of One on June 05, 2021, 09:58:53 PM
high probability that this is a longterm bear market now.Anyone saying its going to jump back up to 64k etc obviously never lived through the 2018-2019 bear.Imagine your worst scenario of prices, then imagine worse than that, thats how bear markets play out, especially for alts. Most of the 2017 alts dropped 95% and never recovered. Its ok learning TA for a few months but nothing comes close to the experience of living DAILY through a full bull/bear cycle.There were 10x more top signs this time than dec/jan 17/18.

One can make arguments, based both on charts, economics, sentiment, etc for a move up past 80K end of the year, or down past 10K end of year. From my perspective, the best we can do it look at the current price, and then try to figure if demand will be higher (or lower) then supply is at the current price. That will determine where the price goes. My bet is that demand to buy at this price will over time continue to outpace the willingness to sell at this price. So, my view is HODL and dollar cost average in if you are continuing to accumulate.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 06, 2021, 04:43:34 AM
We have a guest arriving shortly.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 06, 2021, 08:07:42 AM
Quote from: Army of One on June 05, 2021, 09:58:53 PM
high probability that this is a longterm bear market now.Anyone saying its going to jump back up to 64k etc obviously never lived through the 2018-2019 bear.Imagine your worst scenario of prices, then imagine worse than that, thats how bear markets play out, especially for alts. Most of the 2017 alts dropped 95% and never recovered. Its ok learning TA for a few months but nothing comes close to the experience of living DAILY through a full bull/bear cycle.There were 10x more top signs this time than dec/jan 17/18.

A lot of TA done during the recent bull run made the point that things were far ahead of schedule for this cycle. The price crashed and corrected itself. You see a bear market, I see it that we are where we should be for the cycle, an accumulation phase before we hit the cycle peak.

If you only play in bitcoin, it's makes more sense to be risk averse and sit this out, as at best you see a x3 gain. But with alts like ETH, ADA, DOT etc the odds are more in your favour. You have the potential for highs because of a cycle peak and you also have the potential upgrades and increased adoption and use increasing their value. You could see anything from a x5 to x10 gains.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 06, 2021, 08:13:51 AM
Quote from: Mayday on June 05, 2021, 05:10:03 PM
You have every right to be smug. Fuckin hell I agree so often with your points and then I deviated from my usual way of analysing and I fucked right up (well I got ETH right which saved my bacon).

Going back to my simple 5 second I don’t GAF analysis because it seems to be the most accurate lolz.

just eyeballs on a blank wick pattern on the daily with literally a 5 second look with what my brain looks at first.

5 second No Fucks Given analysis -
*run up from 20k was 3 weeks on, 3 weeks off all the way to 64k
*crash pattern from 64k is 2 weeks off, 2 weeks on.
*We just had the 2 weeks on so we are due for 2 weeks down.

Invert the BTC daily chart from 20k and does it look bullish?  Now invert it back and there is your direction without bias.

Price to test 35.8k get rejected and down to 34k with the below resistance ranges:
Resistance 31k-33k
Resistance 22k-24k
Resistance 17k-19.7k

Shut the noise out, stick to the fundamentals, avoid over analysis and be a little more retarded. That's how I'm playing it.

Always remember anyone who bought at the cycle peak in 2017 would be in profit right now if they held.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 06, 2021, 10:02:04 AM
Texas Governor Signs Law Creating Legal Framework for Crypto Investments


Greg Abbott, Governor of Texas, has announced plans to expand the state’s blockchain industry.

In a tweet issued on June 5 on his personal account, Gov. Abbott opined that, “Blockchain is a booming industry that Texas needs to be involved in.

“I just signed a law for Texas to create a master plan for expanding the blockchain industry in Texas.”

The governor, who took office in 2015, has long been a crypto supporter. He even welcomed “the bitcoin community” to his election campaign way back in 2014. And more recently, he voiced support for a cryptocurrency law in Texas, saying to “count him in” back in March.

Of cryptocurrencies, he said “It is increasingly being used for transactions and is beginning to go mainstream as an investment. Texas should lead on this like we did with a gold depository.”

Since then, lawmakers in Texas passed the bill to establish a legal framework for cryptocurrency investments in the state. On May 28, reports revealed the bill had since passed to Gov. Abbott’s desk for his final signature.

At the time, reports also indicated that Texas was one of 25 states in the U.S. considering cryptocurrency legislation. According to reports made in April, Francis Suarez, Mayor of Miami, pushed a bill that would lead to meaningful cryptocurrency regulation in Florida. He passed the bill after a unanimous vote in the Florida House of Representatives.

Wyoming previously passed a bill relating to to cryptocurrency all the way back in 2019.

In light of the country’s recent crackdown on bitcoin mining operations, cryptocurrency miners from China started moving their operations overseas. Reports indicate that they started to eye North America – the U.S. especially – as a potential site. Beforehand, the States accounted for 11% of the bitcoin hash rate. Since China announced its crackdown, that figure has now increased.

Texas is one of the states reportedly favored, on account of its advantageous energy prices. In addition, a considerable percentage of Texas’ energy generation comes from renewable sources. More specifically, wind and solar power account for more than 25%.

Reports show that several major mining companies, including Bitmain, Blockcap, Argo Blockchain, Great American Mining, Layer1, Compute North, Riot Blockchain, and Whinstone, have since set up operations in Texas.

https://finance.yahoo.com/news/texas-governor-signs-law-creating-125552045.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on June 06, 2021, 03:09:35 PM
What wallet is everyone using?  If I have some meme coins sitting on a shit exchange because the other sites didn't sell them, what wallet is best for sticking them into?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 06, 2021, 05:28:14 PM
Quote from: Flexacon on June 06, 2021, 08:13:51 AM
Shut the noise out, stick to the fundamentals, avoid over analysis and be a little more retarded. That's how I'm playing it.

Always remember anyone who bought at the cycle peak in 2017 would be in profit right now if they held.

Edit as I use too many words.

I am retarded already so that’s covered.

You are right dude, good advice.

I’ll keep it simple.

Short squeeze inbound? The shorts are piling up, liquidate at 5% up then pullback.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on June 06, 2021, 07:52:30 PM
If countries decide to change to Bitcoin and eventually abandon the US dollar, the fed will go to war with Bitcoin and erase it all
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 07, 2021, 12:23:34 AM
Quote from: El Diablo Blanco on June 06, 2021, 07:52:30 PM
If countries decide to change to Bitcoin and eventually abandon the US dollar, the fed will go to war with Bitcoin and erase it all

Nah, those countries are only doing it now for the mad gainzzzzz.

They will be fucked when they see their purchasing power decrease 50% in a week……and then they’ll quickly go back to their local currency.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IRON CROSS on June 07, 2021, 01:05:05 AM
Quote from: El Diablo Blanco on June 06, 2021, 07:52:30 PM
If countries decide to change to Bitcoin and eventually abandon the US dollar, the fed will go to war with Bitcoin and erase it all


In July, Russia will start dumping all dollar reserves, replacing them with the Euros, Chinese yuan & gold !.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Marty Champions on June 07, 2021, 03:00:34 AM
You can invest in much safer things with more yeild instead of looking at crypto every hour
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 07, 2021, 04:08:21 AM
Quote from: Mayday on June 06, 2021, 04:43:34 AM
We have a guest arriving shortly.

And people said I was bad. Lol.

I'm selling again at 42-52k. Wait for the bigger drop down and rebuy again. So far, so good.
We won't see annother ath this year.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on June 07, 2021, 04:10:48 AM
Quote from: Marty Champions on June 07, 2021, 03:00:34 AM
You can invest in much safer things with more yeild instead of looking at crypto every hour

Psssst, we have to keep the ponzi scheme running for at least a couple more months >:(
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 07, 2021, 04:18:32 AM
Quote from: Marty Champions on June 07, 2021, 03:00:34 AM
You can invest in much safer things with more yeild instead of looking at crypto every hour

Doing just fine thanks
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 07, 2021, 04:20:56 AM
Quote from: Mayday on June 06, 2021, 05:28:14 PM
Edit as I use too many words.

I am retarded already so that’s covered.

You are right dude, good advice.

I’ll keep it simple.

Short squeeze inbound? The shorts are piling up, liquidate at 5% up then pullback.

The one thing I haven't been great on is predicting the exact date of market moves, but I noticed during the 2 previous cycle peaks early/mid July saw mini dips. Bitboy in a recent video also pointed out that the end of Q2 causes some sell off and rebuying. That's basically what caused the recent market crash, so that's why I landed on us still having another small crash before moving forwards.

Focusing and trying to predict dates is tough though. That's why I've been steadily accumulating during these mini dips, (my version of dollar cost averaging)

Also when the Wyckoff stuff was being discussed I thought people were looking at the wrong schematics. I felt this was a better fit and it's been playing out pretty accurately. We are currently in the red circle, waiting for that crash and then shooting upwards.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 07, 2021, 04:22:07 AM
Quote from: affeman on June 07, 2021, 04:10:48 AM
Psssst, we have to keep the ponzi scheme running for at least a couple more months >:(

Which ponzi scheme? The dollar or bitcoin?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 07, 2021, 04:43:38 AM
Quote from: Bindare_Dundat on June 07, 2021, 04:08:21 AM
And people said I was bad. Lol.

I'm selling again at 42-52k. Wait for the bigger drop down and rebuy again. So far, so good.

Didn’t you see the beautiful chart I posted? Gunna moon yeah lol

You did good before dude at the peak and tried to warn us all.

I am back on track now so don’t worry because I’m pretty sure from here we chuck a 180 and we triple this in 3 months time lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 07, 2021, 05:24:49 AM
Quote from: Flexacon on June 07, 2021, 04:22:07 AM
Which ponzi scheme? The dollar or bitcoin?

Lol - well said. But very true!

BTC is FINITE IN SUPPLY.

USD is INFINITE IN SUPPLY.

A concept I tried to explained to Mr Anabolic many many times before he was finally defeated...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on June 07, 2021, 05:30:09 AM
Quote from: gib on June 07, 2021, 05:24:49 AM
Lol - well said. But very true!

BTC is FINITE IN SUPPLY.

USD is INFINITE IN SUPPLY.

A concept I tried to explained to Mr Anabolic many many times before he was finally defeated...

Well, with USD you can actually buy stuff to support your daily life.

With BTC you can....ehm....oh wait, you can change it theoretically to USD, that's it's only value!! :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on June 07, 2021, 05:31:07 AM
Quote from: gib on June 07, 2021, 05:24:49 AM
Lol - well said. But very true!

BTC is FINITE IN SUPPLY.

USD is INFINITE IN SUPPLY.

A concept I tried to explained to Mr Anabolic many many times before he was finally defeated...
You can't really be this stupid.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 07, 2021, 05:57:43 AM
Quote from: Flexacon on June 07, 2021, 04:20:56 AM
The one thing I haven't been great on is predicting the exact date of market moves, but I noticed during the 2 previous cycle peaks early/mid July saw mini dips. Bitboy in a recent video also pointed out that the end of Q2 causes some sell off and rebuying. That's basically what caused the recent market crash, so that's why I landed on us still having another small crash before moving forwards.

Focusing and trying to predict dates is tough though. That's why I've been steadily accumulating during these mini dips, (my version of dollar cost averaging)

Also when the Wyckoff stuff was being discussed I thought people were looking at the wrong schematics. I felt this was a better fit and it's been playing out pretty accurately. We are currently in the red circle, waiting for that crash and then shooting upwards.

Mmmmm Wyckoff makes sense if you moved your red circle to the group above it. We are in phase D which is a rallying point from a first leg down. Then we enter phase E for the final leg down. it’s accurate unless you get a step wrong and think you’re at the bottom already. That’s what everyone thinks so don’t worry.

Nobody wants to read it correctly because if you do it means we had a peak and now a bear market. It means everything just blew apart and the only way to make proper bank is to trade the volatility.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 07, 2021, 06:21:19 AM
El Salvador President Notes No Capital Gains on Crypto Due to It Being a 'Legitimate Currency'


El Salvador president announces that the country could become the very first country to start adopting Bitcoin as some sort of legal tender. Nayib Bukele, the Salvadorian president, announced this in a video recording that was shown during the recent Bitcoin 2021 conference that was held in Miami.

According to Bitcoin Magazine, Bukele stated that next week, he will be sending a bill to congress in order to make Bitcoin a legal tender. The 39-year-old Bukele had a strong majority with 56 out of 84 seats ever since his landslide victory in the country's legislative elections that took place last March.

President Bukele shared a status that noted Bitcoin investors would start moving to El Salvador saying the country has great weather, beach front properties for sale, and even world class surfing beaches. It was also noted that the country is one of the first countries that don't have property tax.

It was also noted that the country would have no capital gains tax for Bitcoin since the cryptocurrency is said to become a legal currency. The best news is that Bitcoin investors will have immediate permanent residence for other crypto entrepreneurs.

The story by CNN notes that the country will be partnering with the digital finance company called Strike in order to establish the full logistics of this decision. Jack Mallers, Strike CEO, stated 70% of the active population still does not have a bank account and that they still aren't part of the financial system.
US Dollar and Other Currencies

The CEO said that they had asked him to help write a plan that would view Bitcoin as some sort of world-class currency and that they need to put together a certain Bitcoin plan in order to help those people. El Salvador, as of the moment, uses the United States dollar as the country's official currency.

https://www.techtimes.com/articles/261149/20210606/el-salvador-president-notes-no-capital-gains-on-crypto-due-to-it-being-a-legitimate-currency.htm
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 07, 2021, 06:29:40 AM
.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 07, 2021, 06:30:56 AM
Quote from: Mayday on June 07, 2021, 05:57:43 AM
Mmmmm Wyckoff makes sense if you moved your red circle to the group above it. We are in phase D which is a rallying point from a first leg down. Then we enter phase E for the final leg down. it’s accurate unless you get a step wrong and think you’re at the bottom already. That’s what everyone thinks so don’t worry.

Nobody wants to read it correctly because if you do it means we had a peak and now a bear market. It means everything just blew apart and the only way to make proper bank is to trade the volatility.

I'm not sticking to Wyckoff pattern religiously, that's why I chose to use this more general schematic. I'm using it more as a guide to timing events and it's worked pretty well for that. I feel we are at the bottom timeline wise, but we're still due another sharp 20-25% correction before things start moving in a more permanent upwardly direction.

Bitcoin peaks were always after a parabolic run. We didn't get that with the 65K peak. The 65K peak looks more like the first 6 months 2017 and 2013 and not their peaks.

No point stressing over this now anyway. Sit tight holding USD. If I'm right there will be plenty of opportunities to jump in.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 07, 2021, 06:38:27 AM
Quote from: Bindare_Dundat on June 07, 2021, 06:29:40 AM
.

Why did you go BtC and not ETH?

If BTC doesn’t move up/down by 8th-9th June and decides to sit flat I might YOLO into ETH for the dream of ETHBTC 0.11-0.14 and then pull out.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 07, 2021, 07:15:36 AM
Quote from: Mayday on June 07, 2021, 06:38:27 AM
Why did you go BtC and not ETH?

If BTC doesn’t move up/down by 8th-9th June and decides to sit flat I might YOLO into ETH for the dream of ETHBTC 0.11-0.14 and then pull out.

I'm not holding long term BTC at all now but I use it as a general guide for everything else., I'm still trading BTC and ETH  here and there.

I'm staking ADA. Holding another portion ETH and VET as well as DOT. I won't buy back into BTC anytime soon. I'll make more with these on the bounce back to the 42k-52k area and sell again around  there. Wont sell ADA any time soon.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 07, 2021, 07:26:52 AM
This thread is like listening to old gamblers ramble on about race horses.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 07, 2021, 07:29:41 AM
Quote from: SOMEPARTS on June 07, 2021, 07:26:52 AM
This thread is like listening to old gamblers ramble on about race horses.

Must be a boring day for you.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on June 07, 2021, 07:41:19 AM
Quote from: Marty Champions on June 07, 2021, 03:00:34 AM
You can invest in much safer things with more yeild instead of looking at crypto every hour

Investing in Falcone Landscaping > Bitcoin
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 07, 2021, 07:53:52 AM
Quote from: SOMEPARTS on June 07, 2021, 07:26:52 AM
This thread is like listening to old gamblers ramble on about race horses.

As someone who worked in the betting industry for over a decade I will have to agree. Yes there are many similarities.

However if the vast majority of players in btc held they would be in profit. You can go one step further and set up your own mining projects for additional profit. There is one major difference here vs most types of gambling, the edge is with the players who understand the fundamentals. It's like the early days of online poker where experienced players would clean up and make easy money because of dumb newb money.

That window of opportunity where this is the case is closing (may have already closed) The majority of people who have nothing positive to say about crypto are those who missed the boat and the easy $$$.



Their usual comeback is also "oh I already made my btc gains back in 2013"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 07, 2021, 08:51:48 AM
Paraguay Hints at Making Bitcoin a Legal Tender After El Salvador


Bitcoin has reached the legal tender stage where countries have started to show interest in adding BTC to their state treasury and El Salvador became the first state to do so. The president of the country Nayib Bukele took to Twitter to announce the news and even revealed that citizens won’t have to pay any capital gain tax on Bitcoin since it is a legal tender now.  The president also changed his Twitter profile picture to include laser eyes, a popular ongoing meme trend for Bitcoiners.

Just a day after the announcement made by El Salvador President, another country has hinted at joining the Bitcoin league in the form of Paraguay. A politician from the country also changed his profile photo to include laser eyes and revealed a big announcement is coming this week hinting at a possible Bitcoin adoption as a legal tender.

The 2017 bull run was majorly carried by retail investors as institutions watched from the sideline, not sure if BTC is just another internet bubble or something that people would invest in. 2021 bull run has proven that Bitcoin is a real store of value and here to stays. Realizing this, Institutions were quick to jump on the Bitcoin bandwagon, followed by publically listed fortune 500 companies adding Bitcoin to their treasury.

Now countries such as El Salvador and Paraguay have come to realize that Bitcoin offers censorship-resistant money that would not only help them see their county’s GDP growth.

El Salvador could play a similar role to Microstrategy and start a domino effect for other countries to join in on the Bitcoin bandwagon. The primary reason for these countries to turn to Bitcoin is the depleting value of the US Dollar, which might not be a big issue for the likes of the US in the short term as they can print as much as they need, but many other small nations suffer dearly.

El Salvador’s president explained Bitcoin would prove to be a boon for the country as a legal tender as it offers financial inclusiveness and the fact that 70% of the country’s population is unbanked.



https://coingape.com/paraguay-hints-at-making-bitcoin-a-legal-tender-after-el-salvador/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 07, 2021, 09:58:46 AM
Quote from: Bindare_Dundat on June 07, 2021, 07:29:41 AM
Must be a boring day for you.


Spent 5 minutes on Getbig this morning champ. Still managed to make you melt a little.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 07, 2021, 10:04:12 AM
Quote from: Flexacon on June 07, 2021, 07:53:52 AM
As someone who worked in the betting industry for over a decade I will have to agree. Yes there are many similarities.

However if the vast majority of players in btc held they would be in profit. You can go one step further and set up your own mining projects for additional profit. There is one major difference here vs most types of gambling, the edge is with the players who understand the fundamentals. It's like the early days of online poker where experienced players would clean up and make easy money because of dumb newb money.

That window of opportunity where this is the case is closing (may have already closed) The majority of people who have nothing positive to say about crypto are those who missed the boat and the easy $$$.



Their usual comeback is also "oh I already made my btc gains back in 2013"



"The vast majority" of horse bettors think they have an inside tip too.

The fundamentals are not with crypto, quite the opposite - it's viral...a trend. I mean Cumrocket has to be legit because of a Musk tweet, right? Many thought so...

The last part is true...timing is everything with every greater fool model.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on June 07, 2021, 10:34:15 AM
Quote from: SOMEPARTS on June 07, 2021, 10:04:12 AM




The fundamentals are not with crypto

they are, but its a much deeper subject that the public who rush in to dog tokens and cumrocket etc, wont spend the hundreds of hours needed to grasp it.The good layer 1, layer 2 projects, interoperability projects, oracles, dfi etc etc have great fundamentals and many of them will grow even in a bear market, look at link or qnt last bear.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 07, 2021, 10:36:01 AM
Quote from: SOMEPARTS on June 07, 2021, 10:04:12 AM


"The vast majority" of horse bettors think they have an inside tip too.

The fundamentals are not with crypto, quite the opposite - it's viral...a trend. I mean Cumrocket has to be legit because of a Musk tweet, right? Many thought so...

The last part is true...timing is everything with every greater fool model.

The vast majority of "horse bettors" are degenerate gamblers. I have seen their betting patterns and accounts! You have a small number of fixed odds gamblers who are price sensitive who would win long term. Once they are identified they get their accounts restricted or closed.

The legit "insiders" are identified and allowed to hold winning accounts. Their bets help bookmakers set the market and bookmakers can adjust their liabilities or take a position accordingly. They are very careful about when they bet and how much so they don't upset the market, or give the game up too soon. I feel pretty certain we have stuff like this going on with BTC price.

No offence, but it's pretty obvious you know very little about gambling or crypto. That's a good thing to me though. It just means it's still early and plenty more money to be made still. Get out there and teach yourself!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 07, 2021, 11:28:46 AM
Quote from: Flexacon on June 07, 2021, 10:36:01 AM
The vast majority of "horse bettors" are degenerate gamblers. I have seen their betting patterns and accounts! You have a small number of fixed odds gamblers who are price sensitive who would win long term. Once they are identified they get their accounts restricted or closed.

The legit "insiders" are identified and allowed to hold winning accounts. Their bets help bookmakers set the market and bookmakers can adjust their liabilities or take a position accordingly. They are very careful about when they bet and how much so they don't upset the market, or give the game up too soon. I feel pretty certain we have stuff like this going on with BTC price.

No offence, but it's pretty obvious you know very little about gambling or crypto. That's a good thing to me though. It just means it's still early and plenty more money to be made still. Get out there and teach yourself!


Said before...I owned BTC and LTC before 95% of people in this thread...very well versed in the tech and regs which is the reason I'm not in it...and correct, I am NOT a gambler but I do know dysfunction when I see it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 07, 2021, 11:56:15 AM
Quote from: Army of One on June 07, 2021, 10:34:15 AM
they are, but its a much deeper subject that the public who rush in to dog tokens and cumrocket etc, wont spend the hundreds of hours needed to grasp it.The good layer 1, layer 2 projects, interoperability projects, oracles, dfi etc etc have great fundamentals and many of them will grow even in a bear market, look at link or qnt last bear.


Some would call this being a degenerate gambler.  ;D

Pretty busy living life....I really don't have hundreds of hours to gamble on somebody else's ponzi. Things are getting more complex for no reason, IMO. Not a good sign.

Everybody just trying to get lightning to strike twice like BTC at this point.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 07, 2021, 12:01:10 PM
Quote from: SOMEPARTS on June 07, 2021, 11:56:15 AM

Some would call this being a degenerate gambler.  ;D

Pretty busy living life....I really don't have hundreds of hours to gamble on somebody else's ponzi. Things are getting more complex for no reason, IMO. Not a good sign.

You don't have the time to put in and as a result you come across as sounding very ignorant.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 07, 2021, 12:10:25 PM
Quote from: polychronopolous on June 07, 2021, 12:01:10 PM
You don't have the time to put in and as a result you come across as sounding very ignorant.


Well, that would make sense to you since I'm not here to talk horses.  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Soul Crusher on June 07, 2021, 12:13:37 PM
https://www.cnn.com/2021/06/07/politics/colonial-pipeline-ransomware-recovered/index.html


 :o  :o  :o


Damn they must feel like idiots now. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 07, 2021, 12:26:54 PM
Quote from: SOMEPARTS on June 07, 2021, 11:28:46 AM

Said before...I owned BTC and LTC before 95% of people in this thread...very well versed in the tech and regs which is the reason I'm not in it...and correct, I am NOT a gambler but I do know dysfunction when I see it.

Lol. You fell right into my trap. I posted this earlier, but made it "invisible".

That window of opportunity where this is the case is closing (may have already closed) The majority of people who have nothing positive to say about crypto are those who missed the boat and the easy $$$.



Their usual comeback is also "oh I already made my btc gains back in 2013"


Come across people like you all the time bro. Post evidence of your crypto gains or shut up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 07, 2021, 02:17:21 PM
Elsalvadore didn’t move the needle.

Paraguay didn’t move the needle.

Microstrategy announce 400M debt sale to fund more BTC purchases…… didn’t move the needle.

Oh and Microstrategy is changing their BTC holdings structure…… their blended buy is 25k.

Go look at Saylor’s Twitter account. Back in April and May he would get 60k-80k likes for large announcements and 15k for general posts. Right now he is getting 18k likes for large announcements and 5k for general posts.

They nuked 2/3 of his following who were the FOMO leveraged 10x’ers that took us from 30k to 64k.

The 400M is for MSTR to defend against going below that 33k range. If he can survive this, massive balls on this guy.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 07, 2021, 02:29:35 PM
Quote from: Flexacon on June 07, 2021, 12:26:54 PM
Lol. You fell right into my trap. I posted this earlier, but made it "invisible".

That window of opportunity where this is the case is closing (may have already closed) The majority of people who have nothing positive to say about crypto are those who missed the boat and the easy $$$.



Their usual comeback is also "oh I already made my btc gains back in 2013"


Come across people like you all the time bro. Post evidence of your crypto gains or shut up.

Nothing says "top shelf" investor like selling your btc for 400$ when you know its going to 60k. Dont worry, he knows the "rules and regulations"...... salty some?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IRON CROSS on June 07, 2021, 02:35:01 PM
Quote from: Humble Narcissist on June 07, 2021, 05:31:07 AM
You can't really be this stupid.

 :D

He (gib/Vince G.) knows shit , rest of the World is NOT America (U.S.) !.

US $ is gone light green !.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bevo on June 07, 2021, 02:51:45 PM
The Donald just said Bitcoin is a scam and should be regulated  ;D

Who follows this idiot anyways haha

The whole getbig board loves the Donald
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on June 07, 2021, 02:57:19 PM
Quote from: Bevo on June 07, 2021, 02:51:45 PM
The Donald just said Bitcoin is a scam and should be regulated  ;D

Who follows this idiot anyways haha

The whole getbig board loves the Donald

Donnie's gonna destroy shitcoin like he destroyed china and mexican immigrants
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bevo on June 07, 2021, 03:01:46 PM
Is gib the equivalent of Vince?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 07, 2021, 03:03:52 PM
This could potentially be the start of the 5th impulse wave down on the daily. Could take us to 23k area.  We will see a strong rally at some point take us back to 42k-52k area but not until we hit a new low. See how this drop plays out  first.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IRON CROSS on June 07, 2021, 03:07:23 PM
Quote from: Bevo on June 07, 2021, 03:01:46 PM
Is gib the equivalent of Vince?

gib is Vince G.  ;)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: BossBoss on June 07, 2021, 03:13:44 PM
Quote from: Bevo on June 07, 2021, 03:01:46 PM
Is gib the equivalent of Vince?

No, IRON CROSS=Teutonic Knight.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 07, 2021, 04:51:35 PM
Quote from: Theoak* on June 07, 2021, 02:29:35 PM
Nothing says "top shelf" investor like selling your btc for 400$ when you know its going to 60k. Dont worry, he knows the "rules and regulations"...... salty some?

Exactly, and us hodlers are supposed to somehow feel stupid for simply holding on this entire time and enjoying 100s or 1000s of percent gains  ::)

We took the time to study and ultimately understand the asset and they didn't.

Simple as that.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 07, 2021, 05:42:57 PM
Quote from: Flexacon on June 07, 2021, 12:26:54 PM
Lol. You fell right into my trap. I posted this earlier, but made it "invisible".

That window of opportunity where this is the case is closing (may have already closed) The majority of people who have nothing positive to say about crypto are those who missed the boat and the easy $$$.



Their usual comeback is also "oh I already made my btc gains back in 2013"


Come across people like you all the time bro. Post evidence of your crypto gains or shut up.



Trap? Haha you huge freakin' dork - I never said I made a fortune off of it...ever.

I messed around with it...had 7 or 8 BTC at some point when it was under $500.

The idea of crypto was not like it is now...it's just viral nonsense now.

I just don't believe in it long term, for reasons I've posted.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 07, 2021, 06:01:21 PM
Quote from: SOMEPARTS on June 07, 2021, 05:42:57 PM


Trap? Haha you huge freakin' dork - I never said I made a fortune off of it...ever.

I messed around with it...had 7 or 8 BTC at some point when it was under $500.

The idea of crypto was not like it is now...it's just viral nonsense now.

I just don't believe in it long term, for reasons I've posted.

That explains your stance now lol

Investing in crypto was arguably far more more of a gamble a few years ago than it is now. There are meaningful projects with real world applications right now. It's not just investing in white papers like it was a few years. Put the work in, find the right projects, buy in at a good price, hodl and you will make money. Also you not having a gamblers mentality will actually serve you well in the long run if you put the time in to stay on top of things.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IRON CROSS on June 07, 2021, 06:51:11 PM
Quote from: BossBoss on June 07, 2021, 03:13:44 PM
No, IRON CROSS=Teutonic Knight.


 ;D

IC & TK should be deported to Oahu's North Shore  >:(

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on June 07, 2021, 08:00:56 PM
Anyone denying that stimulus money didn’t propel this run is a moron.  Estimated 10-20% of that money went into crypto. Those same people cashed out big profit and are running the housing market to a massive collapse.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 07, 2021, 09:13:26 PM
Quote from: BossBoss on June 07, 2021, 03:13:44 PM
No, IRON CROSS=Teutonic Knight.

Yes, very obvious that each if the same gimmick of the other. It would be hard to fake such collectively poor grammar, even if they both were equally retarded...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 07, 2021, 09:14:38 PM
We are now almost exactly 50%  down off the last ATH peak. That is quite a decline!

Although still over 300% on the year, which is quite an increase...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 08, 2021, 01:51:05 AM
That was a steep enough drop to put us into the 5th impulse wave down. Could very well go into the mid 20k area. Looking pretty weak right now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on June 08, 2021, 04:37:59 AM

How many Getbig millionaires so far from crypto?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on June 08, 2021, 05:16:03 AM
Quote from: IroNat on June 08, 2021, 04:37:59 AM
How many Getbig millionaires so far from crypto?
Lots of them in this thread.  In their minds anyway.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on June 08, 2021, 05:44:26 AM
Quote from: Humble Narcissist on June 08, 2021, 05:16:03 AM
Lots of them in this thread.  In their minds anyway.

All got out at the exact top and immediately went short💪
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on June 08, 2021, 06:07:56 AM
Quote from: Bindare_Dundat on June 08, 2021, 01:51:05 AM
That was a steep enough drop to put us into the 5th impulse wave down. Could very well go into the mid 20k area. Looking pretty weak right now.

(https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fmedia.giphy.com%2Fmedia%2FzIGk74XLpWXa8%2Fgiphy.gif&f=1&nofb=1)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 08, 2021, 06:27:41 AM
Quote from: Thin Lizzy on June 08, 2021, 05:44:26 AM
All got out at the exact top and immediately went short💪

I got out with x40 ETH gains  :-*

Went back in smaller on a few alts which are still strong greens  :-*

No shorting though. I always advise against those types of plays.

I've made enough where I could retire at 40. I'm not done though, why would I when there is easy money out there. A shame some of you have missed out.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 08, 2021, 06:54:13 AM
Quote from: Bindare_Dundat on June 08, 2021, 01:51:05 AM
That was a steep enough drop to put us into the 5th impulse wave down. Could very well go into the mid 20k area. Looking pretty weak right now.

If if does go to those levels I will be mainly buying ETH.

More upside potential compared to Bitcoin, IMO.

(ADA already at some bargain prices so will probably buy as well).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 08, 2021, 07:06:54 AM
Quote from: Flexacon on June 08, 2021, 06:27:41 AM
I got out with x40 ETH gains  :-*

Went back in smaller on a few alts which are still strong greens  :-*

No shorting though. I always advise against those types of plays.

I've made enough where I could retire at 40. I'm not done though, why would I when there is easy money out there. A shame some of you have missed out.

Exactly.  There's money to be made. I don't know what's so funny to some guys about that.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on June 08, 2021, 07:21:16 AM
Quote from: Bindare_Dundat on June 08, 2021, 07:06:54 AM
Exactly.  There's money to be made. I don't know what's so funny to some guys about that.

It's just jealousy of missing out.

The reality is, whether you believe in crypto as a viable source of anything or not, this shit could be bought at a ridiculously low price, and sold at a tremendously high price.

10x, 20x 1000x.....the opportunity was there, and can happen again.

Pretty simple.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on June 08, 2021, 07:26:18 AM
Quote from: Grape Ape on June 08, 2021, 07:21:16 AM
It's just jealousy of missing out.

The reality is, whether you believe in crypto as a viable source of anything or not, this shit could be bought at a ridiculously low price, and sold at a tremendously high price.

10x, 20x 1000x.....the opportunity was there, and can happen again.

Pretty simple.

Are you selling though and taking profits?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 08, 2021, 07:29:26 AM
Quote from: Bindare_Dundat on June 08, 2021, 07:06:54 AM
Exactly.  There's money to be made. I don't know what's so funny to some guys about that.

It's a copying mechanism for missing out.

I know cos that was me in the early days of BTC. I gave BTC a once over when it was at $30 and trashed the idea. Came across it again at $100 and I liked it a bit more, but buying/mining looked like a pain in the ass so I didn't bother. Missed out big time.

Still can't convince myself to jump in and hodl BTC
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on June 08, 2021, 08:11:22 AM
Done quite a bit of reading about crypto and I believe crypto will be recognized one day as a legitimate medium of exchange.

That day is not here yet.  You don't go into WalMart and pay with crypto as far as I know.  Do you?

Right now it is pure speculation.

If you truly consider it to be currency, then what you are doing is currency speculation.

Pros make a lot of money with currency speculation.  Also speculating in metals, corn futures, other commodities, etc.

Nothing new about that.  A few will get rich which is what happens with speculating in things to get rich.

Remember "Day Trading"?  When was that?  About 10-12 years ago?  Everybody was going to get rich being a day trader. 

My neighbor told me he was doing it.  Didn't work out for him.  His wife later booted him out of the house.

Some got wealthy with day trading.  Mainly the people teaching day trading to suckers like my neighbor.

Most will not speculate successfully and lose as there is only so much to go around.  Which is why new crypto types are being created all the time.  Something new to sell the suckers.  So give it a shot if you dare.  I'm not saying you can't be the one lightning hits.

You have to find someone willing to pay more for what you paid someone else more for.

This is called the...

Greater Fool Theory
By Adam Hayes

The greater fool theory argues that prices go up because people are able to sell overpriced securities to a "greater fool," whether or not they are overvalued. That is, of course, until there are no greater fools left.

Investing, according to the greater fool theory, means ignoring valuations, earnings reports, and all the other data. Ignoring the fundamentals is, of course, risky; and so people subscribing to the greater fool theory could be left holding the bag after a correction.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 08, 2021, 08:55:36 AM
Quote from: IroNat on June 08, 2021, 08:11:22 AM
Done quite a bit of reading about crypto and I believe crypto will be recognized one day as a legitimate medium of exchange.

[/b]

You haven't done enough reading, or have been looking at the wrong things. Don't focus so much on crypto and look more at blockchain.

Once you understand blockchain you'll realise that the landscape is about to change. Blockchain is at a similar point to the internet in the 90s. People didn't get why they might need the internet. I mean if you have a phone, TV, magazines and newspapers why would you need the internet?

Once you understand some of the basic principles of blockchain, do some more research in that area and you'll find viable projects which can replace current systems we use everyday. They'll make things faster, cheaper, more efficient, less prone to error etc etc. After you've discovered these projects you have the chance to get it in early and the question turns to "how can I make money from this?" That's where the crypto attached to those projects come into it.

The whole "legitimate medium of exchange" is antiquated thinking. Things have long moved past that.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on June 08, 2021, 09:11:18 AM
seems the doomsday preachers are out.  The bottom is falling...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on June 08, 2021, 09:43:41 AM
Quote from: IroNat on June 08, 2021, 07:26:18 AM
Are you selling though and taking profits?

I didn't play it.

My big "miss" was that I was told to by Doge at half a cent.  In literally a week, it went to the moon.  My investment would have made about 170k.  But it doesn't bug me because I haven't been actively trading crypto, and it's likely I would have dumped it a nickel and 10x profit.

I have some money in $VET that I just decided to buy and let it sit.

I'm watching ETH and Matic, but haven't decided to go in.

But I won't hate on those who made $
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 08, 2021, 10:15:24 AM
Quote from: Flexacon on June 08, 2021, 08:55:36 AM
You haven't done enough reading, or have been looking at the wrong things. Don't focus so much on crypto and look more at blockchain.

Once you understand blockchain you'll realise that the landscape is about to change. Blockchain is at a similar point to the internet in the 90s. People didn't get why they might need the internet. I mean if you have a phone, TV, magazines and newspapers why would you need the internet?

Once you understand some of the basic principles of blockchain, do some more research in that area and you'll find viable projects which can replace current systems we use everyday. They'll make things faster, cheaper, more efficient, less prone to error etc etc. After you've discovered these projects you have the chance to get it in early and the question turns to "how can I make money from this?" That's where the crypto attached to those projects come into it.

The whole "legitimate medium of exchange" is antiquated thinking. Things have long moved past that.


I def agree with a lot of this regarding blockchain as being useful, but once widely used and more standardized will there be profit in it for small investors/will there be a need to raise capital?

The recovery of Bitcoin ransom is a big reason for the fall IMO...FBI accessed the "private key" - as I've said before BTC is port based and can easily be blocked/tracked/accessed at the ISP level.

https://www.cnbc.com/2021/06/08/bitcoin-btc-price-slides-as-us-seizes-most-of-colonial-ransom.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 08, 2021, 10:25:22 AM
Quote from: IroNat on June 08, 2021, 08:11:22 AM
Done quite a bit of reading about crypto and I believe crypto will be recognized one day as a legitimate medium of exchange.

That day is not here yet.  You don't go into WalMart and pay with crypto as far as I know.  Do you?

Right now it is pure speculation.

If you truly consider it to be currency, then what you are doing is currency speculation.

Pros make a lot of money with currency speculation.  Also speculating in metals, corn futures, other commodities, etc.

Nothing new about that.  A few will get rich which is what happens with speculating in things to get rich.

Remember "Day Trading"?  When was that?  About 10-12 years ago?  Everybody was going to get rich being a day trader. 

My neighbor told me he was doing it.  Didn't work out for him.  His wife later booted him out of the house.

Some got wealthy with day trading.  Mainly the people teaching day trading to suckers like my neighbor.

Most will not speculate successfully and lose as there is only so much to go around.  Which is why new crypto types are being created all the time.  Something new to sell the suckers.  So give it a shot if you dare.  I'm not saying you can't be the one lightning hits.

You have to find someone willing to pay more for what you paid someone else more for.

This is called the...

Greater Fool Theory
By Adam Hayes

The greater fool theory argues that prices go up because people are able to sell overpriced securities to a "greater fool," whether or not they are overvalued. That is, of course, until there are no greater fools left.

Investing, according to the greater fool theory, means ignoring valuations, earnings reports, and all the other data. Ignoring the fundamentals is, of course, risky; and so people subscribing to the greater fool theory could be left holding the bag after a correction.






BTC is old, bad tech and will be replaced just like all old, bad tech. It's utility is low compared to other options and let's face it most people own it for the expected gain in value not the functionality, even to the point of calling it a store of value because it's so clunky.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on June 08, 2021, 11:11:19 AM
Quote from: Flexacon on June 08, 2021, 08:55:36 AM
You haven't done enough reading, or have been looking at the wrong things. Don't focus so much on crypto and look more at blockchain.

Once you understand blockchain you'll realise that the landscape is about to change. Blockchain is at a similar point to the internet in the 90s. People didn't get why they might need the internet. I mean if you have a phone, TV, magazines and newspapers why would you need the internet?

Once you understand some of the basic principles of blockchain, do some more research in that area and you'll find viable projects which can replace current systems we use everyday. They'll make things faster, cheaper, more efficient, less prone to error etc etc. After you've discovered these projects you have the chance to get it in early and the question turns to "how can I make money from this?" That's where the crypto attached to those projects come into it.

The whole "legitimate medium of exchange" is antiquated thinking. Things have long moved past that.
The internet had no competition.  Crypto's competition is real money.

If all currency goes to crypto in the future it will be stable and everyone will be using it at that time.  No one is missing out by not being in on it early.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 08, 2021, 11:15:35 AM
Quote from: Humble Narcissist on June 08, 2021, 11:11:19 AM
The internet had no competition.  Crypto's competition is real money.

If all currency goes to crypto in the future it will be stable and everyone will be using it at that time.  No one is missing out by not being in on it early.

Not all cryptos are in competition with or trying to sideline "real money". Again do some research that doesn't revolve bitcoin
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on June 08, 2021, 11:21:04 AM
Quote from: Flexacon on June 08, 2021, 11:15:35 AM
Not all cryptos are in competition with or trying to sideline "real money". Again do some research that doesn't revolve bitcoin
Then what are you investing in?  There's no there there.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 08, 2021, 11:25:33 AM
Quote from: SOMEPARTS on June 08, 2021, 10:15:24 AM

I def agree with a lot of this regarding blockchain as being useful, but once widely used and more standardized will there be profit in it for small investors/will there be a need to raise capital?

The recovery of Bitcoin ransom is a big reason for the fall IMO...FBI accessed the "private key" - as I've said before BTC is port based and can easily be blocked/tracked/accessed at the ISP level.

https://www.cnbc.com/2021/06/08/bitcoin-btc-price-slides-as-us-seizes-most-of-colonial-ransom.html

Using ETH as the example. There is staking which will allow longer term profit and help negate the need to raise capital.

Again a crypto like ETH can avoid some of the pitfalls BTC faceed. Simplest way to think of ETH is as something that helps maintain a decentralized blockchain. A blockchain that could potentially be at the centre of everything! You can have wrapped $, Fedcoin, oil, btc, whatever using the network.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 08, 2021, 11:36:42 AM
Quote from: Humble Narcissist on June 08, 2021, 11:21:04 AM
Then what are you investing in?  There's no there there.

I've been very open on here about what moves I've made and plan to make. And yes I did predict the crash  ;)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on June 08, 2021, 12:06:45 PM
I'm full ADA and doing locked staking on it now.
Waiting for Cardano big bang revoluçion and a capitalization of $500 billions
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on June 08, 2021, 12:24:49 PM
Quote from: Flexacon on June 08, 2021, 08:55:36 AM
You haven't done enough reading, or have been looking at the wrong things. Don't focus so much on crypto and look more at blockchain.

Once you understand blockchain you'll realise that the landscape is about to change. Blockchain is at a similar point to the internet in the 90s. People didn't get why they might need the internet. I mean if you have a phone, TV, magazines and newspapers why would you need the internet?

Once you understand some of the basic principles of blockchain, do some more research in that area and you'll find viable projects which can replace current systems we use everyday. They'll make things faster, cheaper, more efficient, less prone to error etc etc. After you've discovered these projects you have the chance to get it in early and the question turns to "how can I make money from this?" That's where the crypto attached to those projects come into it.

The whole "legitimate medium of exchange" is antiquated thinking. Things have long moved past that.

Yes, I read about blockchain.  And yes, I know there are lots of variations on the types of "coin".

Everything your mentioning is at this point "pie-in-the-sky" and huckster talk to sell suckers into being the "Greater Fool".

It could happen, it might happen, but it hasn't happened yet and it might not happen.

Just like those flying cars predicted 60 years ago.  We're still waiting on those cars not to mention nuclear fusion.

So, you are speculating on the future.  There is nothing wrong with that.  You might be the one to get hit by lightning.

Someone has to get hit.  Someone has to win the Powerball.  Why not you?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 08, 2021, 12:33:21 PM
Quote from: IroNat on June 08, 2021, 12:24:49 PM


It could happen, it might happen, but it hasn't happened yet and it might not happen.



You're wrong again. It's happening, it's already started. Your point of view is one that's stuck in 2017

We get why you're salty though (https://media.tenor.com/images/cbf260d0e518d8ff07fbc5da725b8178/tenor.gif)

Better to act like it's "pie-in-the-sky" than deal with the reality that you've missed out, or accept that all this is beyond your ability to comprehend.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 08, 2021, 12:53:56 PM
Quote from: IroNat on June 08, 2021, 12:24:49 PM
Yes, I read about blockchain.  And yes, I know there are lots of variations on the types of "coin".

Everything your mentioning is at this point "pie-in-the-sky" and huckster talk to sell suckers into being the "Greater Fool".

It could happen, it might happen, but it hasn't happened yet and it might not happen.

Just like those flying cars predicted 60 years ago.  We're still waiting on those cars not to mention nuclear fusion.

So, you are speculating on the future.  There is nothing wrong with that.  You might be the one to get hit by lightning.

Someone has to get hit.  Someone has to win the Powerball.  Why not you?

Guess that money in my back account from trading and investing in crypto was a waste of time. Thanks. Appreciate your input.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on June 08, 2021, 01:09:08 PM
Quote from: Bindare_Dundat on June 08, 2021, 12:53:56 PM
Guess that money in my back account from trading and investing in crypto was a waste of time. Thanks. Appreciate your input.

No, you are a smart one who took profits.  I commend you sir.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 08, 2021, 01:19:14 PM
Quote from: Bindare_Dundat on June 08, 2021, 12:53:56 PM
Guess that money in my back account from trading and investing in crypto was a waste of time. Thanks. Appreciate your input.

A month back he was acting salty about kids trading "meme" stocks. I pointed out that market dynamics haven't finished playing out there. A month later those stocks have gone up 100% to 500%. I made coin there too, he was just salty. Meanwhile he pops up in here trying to make himself feel better because bitcoin crashed and he thinks we lost money. It's lost on him that he doesn't fully grasp what's actually going on with crypto and what people are actually investing in. Lol at the powerball and getting hit by lightning comparisons.

It's everyone else that's wrong and they're making money through sheer luck. IroNats always right, but doesn't make money. I see now why he's salty. Has nothing to do with him being clueless or at best past it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 08, 2021, 03:08:34 PM
Quote from: SOMEPARTS on June 08, 2021, 10:15:24 AM

I def agree with a lot of this regarding blockchain as being useful, but once widely used and more standardized will there be profit in it for small investors/will there be a need to raise capital?

The recovery of Bitcoin ransom is a big reason for the fall IMO...FBI accessed the "private key" - as I've said before BTC is port based and can easily be blocked/tracked/accessed at the ISP level.

https://www.cnbc.com/2021/06/08/bitcoin-btc-price-slides-as-us-seizes-most-of-colonial-ransom.html

Btc was not hacked. Ransom hackers used a rented cloud server. FBI got a subpoena and took control of it and recovered coins. That's it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 08, 2021, 03:16:10 PM
Quote from: IroNat on June 08, 2021, 04:37:59 AM
How many Getbig millionaires so far from crypto?

Since 1950usd.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IRON CROSS on June 08, 2021, 03:29:46 PM
Quote from: IroNat on June 08, 2021, 04:37:59 AM
How many Getbig millionaires so far from crypto?


Remember that song from the 1971 film Fidler on the Roof ............... :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on June 08, 2021, 04:14:49 PM
We need Mr Anabolic back for the banter lol. When his time came to gloat he's stuck on a business trip in dubai, india.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 08, 2021, 04:17:46 PM
Quote from: IroNat on June 08, 2021, 04:37:59 AM
How many Getbig millionaires so far from crypto?

Not me. I drank Hopium Satan water. Still, buying a new car with the profit (after tax) so i came out miles better than most. I learn fast though and living through it gives perspective and context.

once 30k order book is rug pulled it’s daylight to 18k with future downside risk to 12k.

I don’t think we stop at 25k. Straight to 18k. Maybe inside the next 5 days.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on June 08, 2021, 05:26:23 PM
Is the ponzi scheme dying out or is there one last push?  Seems no news helps.  Coinbase adding Doge made it go down.  People that it would be a huge lift for it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Coffeed on June 08, 2021, 05:41:30 PM
Quote from: El Diablo Blanco on June 08, 2021, 05:26:23 PM
Is the ponzi scheme dying out or is there one last push?  Seems no news helps.  Coinbase adding Doge made it go down.  People that it would be a huge lift for it.
It's a store of value though...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 08, 2021, 05:43:21 PM
Quote from: El Diablo Blanco on June 08, 2021, 05:26:23 PM
Is the ponzi scheme dying out or is there one last push?  Seems no news helps.  Coinbase adding Doge made it go down.  People that it would be a huge lift for it.

Its dead for the 416th time.

https://99bitcoins.com/bitcoin-obituaries/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 08, 2021, 05:55:29 PM
Quote from: El Diablo Blanco on June 08, 2021, 05:26:23 PM
Is the ponzi scheme dying out or is there one last push?  Seems no news helps.  Coinbase adding Doge made it go down.  People that it would be a huge lift for it.

Doge went up something like 25% after landing on coinbase. Bitcoin however continued bleeding and that dropped Doge back down.

Doge will only pop once bitcoin starts popping. If you're waiting for  $1 Doge, you'll probably need bitcoin to hit an all time high first ($65k plus)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 08, 2021, 05:56:38 PM
Quote from: El Diablo Blanco on June 08, 2021, 05:26:23 PM
Is the ponzi scheme dying out or is there one last push?  Seems no news helps.  Coinbase adding Doge made it go down.  People that it would be a huge lift for it.

Bear market now, Nothing abnormal to be honest.

People just refuse to believe it’s fucked after being promised 300k by December. Need to quickly know when the battle is lost otherwise be slaughtered yelling ‘diamond hands of peace’. Hi

Bitcoin won’t turn around until every single holder is squeezed of life. Saylor being squeezed but Twitter idiots think his 1.6B is bullish.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 08, 2021, 05:57:41 PM
Quote from: Coffeed on June 08, 2021, 05:41:30 PM
It's a store of value though...

It is.

It stored 64,500 6 weeks ago and today it stores 32,000  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 08, 2021, 05:57:48 PM
Quote from: Mayday on June 08, 2021, 04:17:46 PM
Not me. I drank Hopium Satan water. Still, buying a new car with the profit (after tax) so i came out miles better than most. I learn fast though and living through it gives perspective and context.

once 30k order book is rug pulled it’s daylight to 18k with future downside risk to 12k.

I don’t think we stop at 25k. Straight to 18k. Maybe inside the next 5 days.

Btc has never dropped below a previous Bull runs ATH. Do you think this time is different?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 08, 2021, 06:10:42 PM
Quote from: Theoak* on June 08, 2021, 05:57:48 PM
Btc has never dropped below a previous Bull runs ATH. Do you think this time is different?

ATH has had 70%-85% drop every single time. 50% - rally - 50% hence half 38k gets you 19k which is where the CME futures gap just happens to be and in-line with 70% drop.

65k peak
Best case 70% - 19.6k
Worst case 85% - 9.8k

Agree it has never seen a pullback to previous ATH. Problem is look at our run up and we didn’t take a single breath from 19k to 30k. It bottoms at large support areas because that’s where the buy walls are.

Look at 2017 and the first major bottom was 7k post peak, now look to the run up and you see 7k was major support. No different to now.

If we believe ‘can’t go lower than previous ATH’ and negate the chart support zones then the argument should be 30k holds and isn’t broken. Saylor raised 1.6B of junk bonds to create that 30k wall.

do they save MSTr or punish him?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 08, 2021, 06:30:32 PM
Quote from: Mayday on June 08, 2021, 05:56:38 PM
Bear market now, Nothing abnormal to be honest.

People just refuse to believe it’s fucked after being promised 300k by December. Need to quickly know when the battle is lost otherwise be slaughtered yelling ‘diamond hands of peace’. Hi

Bitcoin won’t turn around until every single holder is squeezed of life. Saylor being squeezed but Twitter idiots think his 1.6B is bullish.

Strong 180 turn from a month ago when I told you that you were being far too optimistic and you came out with "your mum" jokes. Now look at you. Lmao.

Don't let your emotions get the better of you and we'll all make it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 08, 2021, 06:53:17 PM
Quote from: Flexacon on June 08, 2021, 06:30:32 PM
Strong 180 turn from a month ago when I told you that you were being far too optimistic and you came out with "your mum" jokes. Now look at you. Lmao.

Don't let your emotions get the better of you and we'll all make it.

You are a good sanity check against what I think as we are most often aligned.

We have 5-7 days for it to bottom out and see where we stand.

Ideally 30k holds.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 08, 2021, 07:07:01 PM
Who wants to bet Tesla sold?

31k buy. HoDL?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 08, 2021, 10:30:31 PM
El Salvador has officially passed the bill that makes bitcoin legal tender in the country.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 09, 2021, 12:55:01 AM
Paraguay may be next...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 09, 2021, 12:58:57 AM
Quote from: Mayday on June 08, 2021, 05:57:41 PM
It is.

It stored 64,500 6 weeks ago and today it stores 32,000  :D

Yet up 300% YoY. :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 09, 2021, 01:36:24 AM
Quote from: Mayday on June 08, 2021, 07:07:01 PM
Who wants to bet Tesla sold?

31k buy. HoDL?

As I said I believe Tesla and many other institutional holders who bought above the current price have it in their best interests to sell. But they will almost certainly buy straight back in.

The question is do they do this gradually so we see a slow BTC bleed or do they orchestrate and sell together to flash crash the price. The latter will hurt a lot of people, but offers a great opportunity to buy back in!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 09, 2021, 02:09:29 AM
Quote from: Flexacon on June 09, 2021, 01:36:24 AM
As I said I believe Tesla and many other institutional holders who bought above the current price have it in their best interests to sell. But they will almost certainly buy straight back in.

The question is do they do this gradually so we see a slow BTC bleed or do they orchestrate and sell together to flash crash the price. The latter will hurt a lot of people, but offers a great opportunity to buy back in!

Tesla is out already my friend ;)

Heaps of institutions already dumped.

Where do you think the 50% dump came from?  Retail hasn’t priced it in yet.

PS my Mum joke was awesome. I had a chuckle, just meant to be light hearted. Apologies if it came across as having a go.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 09, 2021, 02:26:28 AM
Quote from: gib on June 09, 2021, 12:58:57 AM
Yet up 300% YoY. :)

Awesome if you bought for 10k. Are you ok to go back to 0% gain and wait 1-2yrs?

I’m not being mean here. I am trying to get you lot to ask yourself the hard questions and know what your plan is because I can ask painful questions to really get you lot thinking.

Alt are starting to unwind vs BTC. Tesla is out.

everyone is waiting on a bailout from El Salvador people and Saylor to get it to 300k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 09, 2021, 02:30:39 AM
Quote from: gib on June 09, 2021, 12:55:01 AM
Paraguay may be next...

I have a real good feeling its ETH turn next to be legally tenderised. Then Cardano, of course lets not leave out Doge and then we still have 192 more countries who can choose from various shit coins. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 09, 2021, 02:51:06 AM
Quote from: Mayday on June 09, 2021, 02:09:29 AM
Tesla is out already my friend ;)

Heaps of institutions already dumped.

Where do you think the 50% dump came from?  Retail hasn’t priced it in yet.

PS my Mum joke was awesome. I had a chuckle, just meant to be light hearted. Apologies if it came across as having a go.

Well I did say I was gonna shut the noise out until things are done playing out. Institutions dumping shows me I'm on the right track. There is still time for further dumping from smaller institutions. I'm not too concerned about retail paper handing, if they do that just means even cheaper buy in prices .

Institution will buy back and it will create fomo again. The lower the price crashes the faster it will shoot up. The window of opportunity will be a very brief!

Generally the same people who believed 300K are the ones shouting end of the world now. Emotional rollercoaster is how people get caught out and miss opportunities, just saying bro..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 09, 2021, 03:44:47 AM
Absolutely I’m hoping 30k holds. I am more than happy to wait and pay a premium on price after I see the bull market get strong again. Give it 5-7 more days of FUD and let’s see things after the dust clears.

On the upside El Salvador will own 150M in BTC in a few months time which offsets 10% of the 1.5B Tesla dump.  Combine that with Saylor’s 500M and we have half of Tesla’s dump covered. I’m pretty sure I can get my sister to chuck in tree fiddy, a few more people and we are 🚀  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 09, 2021, 03:48:14 AM
Quote from: Mayday on June 09, 2021, 03:44:47 AM
Absolutely I’m hoping 30k holds. I am more than happy to wait and pay a premium on price after I see the bull market get strong again. Give it 5-7 more days of FUD and let’s see things after the dust clears.

On the upside El Salvador will own 150M in BTC in a few months time which offsets 10% of the 1.5B Tesla dump so we got that to be pretty happy about yeah?   Jk  :D

If btc breaks 30k my feeling is it wont even last a day before it is bought back up by the big boys.  They've  already accumulated 270k btc in the last 2 weeks.

El salvador will have 150m in USD and the merchants will have the opportunity to convert to fiat instantly via their holdings if they dont want to hold btc.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 09, 2021, 03:59:51 AM
Quote from: Theoak* on June 09, 2021, 03:48:14 AM
If btc breaks 30k my feeling is it wont even last a day before it is bought back up by the big boys.  They've  already accumulated 270k btc in the last 2 weeks.

El salvador will habe 150m in USD and the merchants will have the opportunity to convert to fiat instantly via their holdings if they dont want to hold btc.

Very heavy order book at 30k and Saylor will place more. Big players bought at 30k for the bounce to 39k. Same at the 31k bounce to 34k-35k.  If price retraces from here you will know it’s these same
Institutions dumping into retail buyers again. Unsure whether they will protect Saylor, Miami apparently put a target on his back.

There is a lot of FUD yet to come. Tesla. Iran. Mexico. Will be interesting how the market reacts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on June 09, 2021, 06:25:57 AM
Seems the US gov is scooping up bitcoins from seizures. They just got a lot from the Anom sting. Fuckers might be massive holders now.   I think they learned their lesson when they auctioned off a bunch for cheap that could have been worth billions. Now they’re holding on to them.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on June 09, 2021, 07:24:53 AM
Y'all ignoring my question on which wallet is best for storing shitty meme coins in because y'all got an answer for such a hard question I suppose.

Anyway, from what I have read it seems that the US will be the last to really incorporate digital currency on a large scale until they figure out how the gubbyment will get their cut
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on June 09, 2021, 08:48:43 AM
Financial news networks are talking about bitcoin 20K. So we’re probably at a short term bottom
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: sync pulse on June 09, 2021, 09:12:55 AM
.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 09, 2021, 12:58:02 PM
Quote from: Thin Lizzy on June 09, 2021, 08:48:43 AM
Financial news networks are talking about bitcoin 20K. So we’re probably at a short term bottom

That’s a fair call but the rally stopping at 36.5k is worrying.. I thought we might see a short squeeze and head above 40k because shorts are crazy heavy right now.

For alts yesterday it looked like a switch was flicked off. BTC went up and alts didn’t move with it for the first time in months. Risk is no money flow into alts.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 09, 2021, 03:07:35 PM
Quote from: Mayday on June 09, 2021, 12:58:02 PM
That’s a fair call but the rally stopping at 36.5k is worrying.. I thought we might see a short squeeze and head above 40k because shorts are crazy heavy right now.

For alts yesterday it looked like a switch was flicked off. BTC went up and alts didn’t move with it for the first time in months. Risk is no money flow into alts.

Not concerned about that. I'm actually bullish.

Last time BTC dipped into the low 30s I managed to pick up ETH under 2k, ADA at 1.20 and DOT at 18 (they actually traded even lower) This time they didn't go anywhere near those prices. I'm reading that as people who bought alts in the dip, hodled. No dip, no bounce.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on June 09, 2021, 03:11:53 PM
Quote from: Mayday on June 09, 2021, 12:58:02 PM
That’s a fair call but the rally stopping at 36.5k is worrying.. I thought we might see a short squeeze and head above 40k because shorts are crazy heavy right now.

For alts yesterday it looked like a switch was flicked off. BTC went up and alts didn’t move with it for the first time in months. Risk is no money flow into alts.

My guess is that it’s going to bounce around in a range for a while. People underestimate how long that can happen. Look at Apple. Essentially nowhere since September.

I’v found that when the media starts making calls, you don’t wanna go in that direction but you also don’t want to go the opposite way. Sitting on the sidelines is usually the right move.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on June 09, 2021, 03:57:08 PM
yes this is a dip, but where is the bounce going to come from?  Biden is not giving away hundreds of billions to people anymore.  I told you guys, estimate was about 10-20% of the stimulus checks went into crypto. We're talking 10-20% of a 1/2 trillion dollars in cash.  Most of those people cashed out and probably paid all cash for a house.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 09, 2021, 04:03:16 PM
Quote from: El Diablo Blanco on June 09, 2021, 03:57:08 PM
yes this is a dip, but where is the bounce going to come from?  Biden is not giving away hundreds of billions to people anymore.  I told you guys, estimate was about 10-20% of the stimulus checks went into crypto. We're talking 10-20% of a 1/2 trillion dollars in cash.  Most of those people cashed out and probably paid all cash for a house.

If you're so certain of this (you've posted it maybe a dozen times) Why don't you short bitcoin and make yourself some money?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on June 09, 2021, 04:09:47 PM
Quote from: Flexacon on June 09, 2021, 04:03:16 PM
If you're so certain of this (you've posted it maybe a dozen times) Why don't you short bitcoin and make yourself some money?

Too late, I could have killed it a month ago.  I am not even sure how to short.  Look at how and why it went up.  What is going to be the boost to do it?  Seems the US gov is scooping up a shitload from criminals.  Are they going to run the market up?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 09, 2021, 04:39:23 PM
Well that was one hell of a pump.  lol I missed this one unfortunately. damn.....

Crypto....lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 09, 2021, 04:49:15 PM
Quote from: El Diablo Blanco on June 09, 2021, 04:09:47 PM
Too late, I could have killed it a month ago.  I am not even sure how to short.  Look at how and why it went up.  What is going to be the boost to do it?  Seems the US gov is scooping up a shitload from criminals.  Are they going to run the market up?

Institutional money, hedge funds, banks, commodity traders. Loads of groups have yet to get involved, at least not openly. Also once it becomes easier to buy and sell through banking apps or other established platforms it will see an even bigger influx of users.

I don't see bitcoin dying just yet and I'm someone who doesn't even like it that much.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 09, 2021, 04:57:02 PM
Quote from: Bindare_Dundat on June 09, 2021, 04:39:23 PM
Well that was one hell of a pump.  lol I missed this one unfortunately. damn.....

Crypto....lol

Don't worry it will dump again pretty soon.

Quote from: Flexacon on May 24, 2021, 10:40:30 PM
Hate to be that guy, but I don't see the prices going anywhere close to ATH yet.

I expect to see BTC bouncing around 30k to 40k a couple more times. Eth between 1.8k and 3k. Both might go past those ranges, but it will only be briefly. If this pattern plays out I'll buy back in confidently. Until then just buying various alts in the dips.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 09, 2021, 05:28:26 PM
Quote from: Bindare_Dundat on June 09, 2021, 04:39:23 PM
Well that was one hell of a pump.  lol I missed this one unfortunately. damn.....

Crypto....lol

Good short squeeze, people were asking for it.

Twitter feed Instant laser eyes, calling anyone who sold idiots, bagging ETH, daring the US govt to try and stop them. If they don’t have a continuous stream of buyers after they liquidate the shorts it’ll be a come to Jesus meeting straight after.

Apparently Biden is making a specific address about Bitcoin today? It isn’t going to be unicorns and rainbows.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 09, 2021, 05:59:29 PM
Quote from: Bindare_Dundat on June 09, 2021, 04:39:23 PM
Well that was one hell of a pump.  lol I missed this one unfortunately. damn.....

Crypto....lol

Some of the biggest pumps in BTC occur 5 or some times a year, over a period of days. If you miss out on those being out of the market, you miss out on substantial gains over time. Which is one more good reason to HODL.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 10, 2021, 12:59:58 AM
Microstrategy closing the 500million deal today......Be an interesting weekend.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 10, 2021, 03:22:16 AM
Quote from: Theoak* on June 10, 2021, 12:59:58 AM
Microstrategy closing the 500million deal today......Be an interesting weekend.

Funds date is 14th June. He has cash already so the upticks now is probably partially him. He went in earlier on previous bond deals to take the market by surprise. If they know the date the market will front run him so he goes in earlier, possibly even before the announcement.

CPI is due out in 3hrs 20mins and it’s being front run right now on BTC tapping 38.4K.

I’m surprised we aren’t already into the low 40s to be honest.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 10, 2021, 04:14:57 AM
Quote from: Mayday on June 10, 2021, 03:22:16 AM
Funds date is 14th June. He has cash already so the upticks now is probably partially him. He went in earlier on previous bond deals to take the market by surprise. If they know the date the market will front run him so he goes in earlier, possibly even before the announcement.

CPI is due out in 3hrs 20mins and it’s being front run right now on BTC tapping 38.4K.

I’m surprised we aren’t already into the low 40s to be honest.

How's the crypto market gonna read that I wonder.. If CPI comes out lower than expected will the market go up because they believe stimulus will continue, or will it go down if they think they will raise rates?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 10, 2021, 07:01:52 AM
Quote from: Mayday on June 10, 2021, 03:22:16 AM
Funds date is 14th June. He has cash already so the upticks now is probably partially him. He went in earlier on previous bond deals to take the market by surprise. If they know the date the market will front run him so he goes in earlier, possibly even before the announcement.

CPI is due out in 3hrs 20mins and it’s being front run right now on BTC tapping 38.4K.

I’m surprised we aren’t already into the low 40s to be honest.

Have you stopped menstruating now

(https://www.vippng.com/png/detail/22-221199_laughing-meme-face-png.png)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 10, 2021, 08:38:30 AM
El Salvador President Plans to Mine BTC Using Volcanoes


El Salvador recently became one of the first countries to approve a bill to make bitcoin legal tender within the country.

The move which was spearheaded by President Bukele earlier this week was passed today. Voting for the bill saw the motion adopted following a congressional vote of 62 in favor out of 84 votes.

The bill looks set to institute BTC as a method of payment, transactable through the direct exchange rate to the U.S dollar. Residents will also be able to pay taxes using BTC.

Following the ruling, President Bukele has wasted no time in reaching out to the state-owned geothermal electric company LaGeo. In a tweet, the president stated that El Salvador plans on utilizing the company “to offer facilities for Bitcoin mining with very cheap, 100% clean, 100% renewable, zero emissions energy from our volcanoes.” He concluded by saying “this is going to evolve fast!”

The move to offer sustainable BTC mining solutions by El Salvador comes after China has taken measures to crack down on BTC mining within the country. China has previously commented on its desire to “resolutely prevent the transfer of individual risks to the society.” 

Tesla CEO Elon Musk has also commented on the sustainability of BTC mining. The billionaire recently announced that Tesla would no longer be accepting BTC payments for orders on new vehicles. The reasoning related to the environmental impact that BTC mining has on the planet.

El Salvador has become the first country to adopt BTC as legal tender. And could also become the first country in the world to offer a unique and effective method of mining BTC through volcanoes.

https://beincrypto.com/el-salvador-president-plans-to-mine-btc-using-volcanoes/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 10, 2021, 09:40:38 AM
Quote from: Flexacon on June 10, 2021, 07:01:52 AM
Have you stopped menstruating now

LOL  :D

I’m bored and this thread is not real active anymore. I was entertaining myself.


Without being absolutely hilariously funny like before, my view is this. We are in a bear market so we might see 11k and we may be messing around for a year or so. I touched on this months ago about how will 97% lose and I am seeing this play out right now.

It’s ok for HoDLers because you guys sit in for many years. I’m looking for entries into ETH and alts which are not things you really want to HoDL due to their 90%+ pullbacks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on June 10, 2021, 09:51:15 AM
So, let me understand it.

You guys are buying bitcoin/whatever-you-call-it with the hope that the demand from other people/institutions buying it will drive the price up so one day you can cash it out for profit.

Is this correct?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 10, 2021, 09:54:01 AM
Quote from: IroNat on June 10, 2021, 09:51:15 AM
So, let me understand it.

You guys are buying bitcoin/whatever-you-call-it with the hope that the demand from other people/institutions buying it will drive the price up so one day you can cash it out for profit.

Is this correct?

Correct.
Get rich quick. It works providing you time it right.


Quote from: Bindare_Dundat on June 10, 2021, 04:14:57 AM
How's the crypto market gonna read that I wonder.. If CPI comes out lower than expected will the market go up because they believe stimulus will continue, or will it go down if they think they will raise rates?

The market wants to short BTC but they wanted to wait for the pump to happen first and then go in at exhausted buying pressure. It’ll be an interesting day, Saylor May already be playing with his new money so we could see all sorts of shit happen as he tries to re-ignite the market in order to save himself.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 10, 2021, 10:07:25 AM
Quote from: IroNat on June 10, 2021, 09:51:15 AM
So, let me understand it.

You guys are buying bitcoin/whatever-you-call-it with the hope that the demand from other people/institutions buying it will drive the price up so that you can cash it out for profit in the multiples over and over and over again.

Is this correct?

Fixed it for you

And it's only hope if you enter the market without doing your due diligence.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on June 10, 2021, 10:10:41 AM
Ok, I can go with that.

Bitcoin mentioned below. 

>

https://www.investopedia.com/terms/g/greaterfooltheory.asp

Greater Fool Theory
By Adam Hayes
Updated May 7, 2021

What Is the Greater Fool Theory?

The greater fool theory argues that prices go up because people are able to sell overpriced securities to a "greater fool," whether or not they are overvalued. That is, of course, until there are no greater fools left.

Investing, according to the greater fool theory, means ignoring valuations, earnings reports, and all the other data. Ignoring the fundamentals is, of course, risky; and so people subscribing to the greater fool theory could be left holding the bag after a correction.
Key Takeaways

    The greater fool theory states that you can make money from buying overvalued securities because there will usually be someone (i.e. a greater fool) who is willing to pay an even higher price.
    Eventually, as the market runs out of fools left, prices will sell-off.
    Due diligence is recommended as a strategy to avoid becoming a greater fool yourself.

Understanding the Greater Fool Theory

If acting in accordance with the greater fool theory, an investor will purchase questionably priced securities without any regard to their quality. If the theory holds, the investor will still be able to quickly sell them off to another “greater fool,” who could also be hoping to flip them quickly.

Unfortunately, speculative bubbles burst eventually, leading to a rapid depreciation in share prices. The greater fool theory breaks down in other circumstances, as well, including during economic recessions and depressions. In 2008, when investors purchased faulty mortgage-backed securities (MBS), it was difficult to find buyers when the market collapsed.

By 2004, U.S. homeownership had peaked at just under 70%. Then, in late 2005, home prices started to fall, leading to a 40% decline in the U.S. Home Construction Index in 2006. Many subprime borrowers were no longer able to withstand high interest rates and began to default on their loans. Financial firms and hedge funds that owned in excess of $1 trillion in securities backed by these failing subprime mortgages also began to move into distress.

Greater Fool Theory and Intrinsic Valuation

One of the reasons that it was difficult to find buyers for MBS during the 2008 financial crisis was that these securities were built on debt that was of very poor quality. It is important in any situation to conduct thorough due diligence on an investment, including a valuation model in some circumstances, to determine its fundamental worth.

Due diligence is a broad term that encompasses a range of qualitative and quantitative analyses. Some aspects of due diligence can include calculating a company’s capitalization or total value; identifying revenue, profit, and margin trends; researching competitors and industry trends; as well as putting the investment in a broader market context—crunching certain multiples such as price-to-earnings (PE), price-to-sales (P/S), and price/earnings-to-growth (PEG).

Investors can also take steps to understand management (the effects and methods of their decision-making) and company ownership (via a capitalization table that breaks down who owns the majority of company shares and has the strongest voting power).

Example of the Greater Fool Theory

Bitcoin's price is often cited as an example of the greater fool theory. The cryptocurrency doesn't appear to have intrinsic value (although this is an area of debate), consumes massive amounts of energy, and consists simply of lines of code stored in a computer network. Despite these concerns, the price of bitcoin has skyrocketed over the years.

At the end of 2017, it touched a peak of $20,000 before retreating. Attracted to the lure of profiting from its price appreciation, traders and investors rapidly bought and sold the cryptocurrency, with many market observers positing that they were buying simply because they hoped to resell at a higher price to someone else later. The greater fool theory helped the price of bitcoin zoom upwards in a short period of time as demand outstripped supply of the cryptocurrency.

The years 2020-21 saw Bitcoin rise to new highs, topping $60,000 and hovering above $50,000 for weeks. This time, however, large institutional investors and corporations such as Tesla and PayPal have been involved in the buying—and it is debatable whether or not they can be considered fools. So, perhaps Bitcoin is not an example of the greater fool theory, after all.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 10, 2021, 10:13:47 AM
Quote from: IroNat on June 10, 2021, 10:10:41 AM
Ok, I can go with that.

Bitcoin mentioned below. 

>

https://www.investopedia.com/terms/g/greaterfooltheory.asp

Greater Fool Theory
By Adam Hayes
Updated May 7, 2021

What Is the Greater Fool Theory?


The greater fool is the one failing to take advantage of it all  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 10, 2021, 10:17:50 AM
Quote from: Flexacon on June 10, 2021, 10:07:25 AM
Fixed it for you

And it's only hope if you enter the market without doing your due diligence.

Yup.

One could argue the larger it gets the riskier it gets as the odds of shut down/govt tampering increase.

El Salvadore adopting is a milestone event and will encourage a US reaction now.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 10, 2021, 10:35:51 AM
Quote from: Mayday on June 10, 2021, 10:17:50 AM
Yup.

One could argue the larger it gets the riskier it gets as the odds of shut down/govt tampering increase.

El Salvadore adopting is a milestone event and will encourage a US reaction now.

I'm not particularly "real world" bullish on these Latin American countries adopting Bitcoin. Looking at the timing of it all. Banana republic nonsense.

I'm still waiting for the XRP V SEC verdict. If XRP win then it will be very difficult for the SEC to ever go after anyone else (those were the very words the SEC told the judge). The odds of things ever getting shutdown reduce drastically after that. It will be the launch key to finish this cycle with a parabolic bull run.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on June 10, 2021, 10:42:22 AM
Quote from: Flexacon on June 10, 2021, 10:13:47 AM
The greater fool is the one failing to take advantage of it all  :D

As long as you understand the risks I have no problem with it.

Live long and prosper!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 10, 2021, 11:02:17 AM
Quote from: IroNat on June 10, 2021, 10:42:22 AM
As long as you understand the risks I have no problem with it.

Live long and prosper!

But do you understand the rewards?

I've never cashed out profit on anything under a 100%. I consider 300% profit about average and I've taken much bigger profits, up to 4000% (I had to settle for 4000% and was actually disappointed I didn't get 5000%)

I've had losses, my biggest was around 50%, usually it's between 10% to 33%. Most of those wouldn't even have been losses if I chose to hold longer, but I  decided to close those positions and move my money elsewhere as I  believed I'd get greater returns there even with the losses factored in.

Most of us here are fully aware this profit model won't last for ever and we're just trying to maximize the the opportunities we have left. It's why I find it hilarious when people randomly chime in when bitcoin takes a dump. You imagine burnt fingers because of "The Greater Fool Theory". I see an opportunity to load back up and turn over even more profits!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on June 10, 2021, 11:08:00 AM
Flex,

You are someone who is on top of it which you have to be.

You may have (I don't know you) the knowledge, experience, and temperament to succeed.

Could be stock trading, options, bitcoin, penny stocks, commodity trading, real estate, tulips, etc.  All the same.

What's going on with bitcoin speculation is the same old, same old that has been done umpteen times in the past, albeit in different ways with different things.

If you are sharp you'll have some success.

Most will be chumps and will get fleeced.  That's the way it always goes. 

Survival of the fittest.

It's not something for me as I'm in a different stage of my life. 

I wish you great success.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on June 10, 2021, 11:37:58 AM
Quote from: Flexacon on June 10, 2021, 10:07:25 AM
Fixed it for you

And it's only hope if you enter the market without doing your due diligence.

While I have not purchased $BTC, been watching it long enough to know that the spreads are there if you pay attention to keep making gains.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on June 10, 2021, 02:42:25 PM
Greater Fool Theory can rightly be applied to shitcoins like Doge but coins like Bitcoin and Etherium have a lot more supporting them than that.

The US dollar is in deep shit.

(https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fthinkbynumbers.org%2Fwp-content%2Fuploads%2F2020%2F07%2Fmoney-printer-go-brr-photo.gif&f=1&nofb=1)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on June 10, 2021, 03:09:23 PM
Quote from: Pray_4_War on June 10, 2021, 02:42:25 PM
Greater Fool Theory can rightly be applied to shitcoins like Doge but coins like Bitcoin and Etherium have a lot more supporting them than that.

The US dollar is in deep shit.

(https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fthinkbynumbers.org%2Fwp-content%2Fuploads%2F2020%2F07%2Fmoney-printer-go-brr-photo.gif&f=1&nofb=1)

No, there is nothing supporting Bitcoin.

There are 11 nuclear aircraft carriers and a bunch of nuclear submarines, each with 16 or so Trident nuclear missiles supporting the U.S. dollar.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 10, 2021, 03:11:40 PM
Quote from: Pray_4_War on June 10, 2021, 02:42:25 PM
Greater Fool Theory can rightly be applied to shitcoins like Doge but coins like Bitcoin and Etherium have a lot more supporting them than that.

The US dollar is in deep shit.


Greater Fool Theory does kinda apply to price valuations. More so BTC than ETH. ETH may even be undervalued.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 10, 2021, 04:12:39 PM
The rule for 2021 is the half of the month is for rallying. Second half is for correction.

RSI right at resistance now just as we come into a weekend. Next week is the back half of the month. Correction phase.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 10, 2021, 06:01:05 PM
Quote from: IroNat on June 10, 2021, 11:08:00 AM
Flex,

You are someone who is on top of it which you have to be.

You may have (I don't know you) the knowledge, experience, and temperament to succeed.

Could be stock trading, options, bitcoin, penny stocks, commodity trading, real estate, tulips, etc.  All the same.

What's going on with bitcoin speculation is the same old, same old that has been done umpteen times in the past, albeit in different ways with different things.

If you are sharp you'll have some success.

Most will be chumps and will get fleeced.  That's the way it always goes. 

Survival of the fittest.

It's not something for me as I'm in a different stage of my life. 

I wish you great success.

I've  been as high as 32000%+ recently and still have not cashed out btc.  Each individual is different,  I do however earn yield and DCA roughly 1k a week into btc and will be that way for years to come.  If I want to purchase an income producing asset or need money then I borrow against btc.  I wont sell!  Eventually BTC will level out and then maybe ill sell to consolidate some debt.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 10, 2021, 10:07:38 PM
Quote from: Theoak* on June 10, 2021, 06:01:05 PM
I DCA roughly 1k a week into btc and will be that way for years to come.  If I want to purchase an income producing asset or need money then I borrow against btc.  I wont sell!  Eventually BTC will level out and then maybe ill sell to consolidate some debt.

Nice. This is EXACTLY what everyone should be doing. And which we will see more doing in an automated way as payment cards and providers get more integrated.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 10, 2021, 11:21:48 PM
G7 conference happening on this weekend…….. and charts are looking for any reason to puke.

Knowing that the US has invaded countries to defend the USD will this weekend’s outcome be:

a) Bullish because Biden will embrace Bitcoin and ask others to do the same
b) Bearish because Biden will suggest restrictions on a Bitcoin and ask others to do the same

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 11, 2021, 03:17:49 AM
Quote from: Mayday on June 10, 2021, 11:21:48 PM
G7 conference happening on this weekend…….. and charts are looking for any reason to puke.

Knowing that the US has invaded countries to defend the USD will this weekend’s outcome be:

a) Bullish because Biden will embrace Bitcoin and ask others to do the same
b) Bearish because Biden will suggest restrictions on a Bitcoin and ask others to do the same

Its a very interesting issue. Does the US, as the land of the free and dominant currency take the lead and embrace, or resist?

I suspect, whilst in a dilemma, they will eventually get to the former.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on June 11, 2021, 08:25:41 AM
Quote from: Theoak* on June 10, 2021, 06:01:05 PM
I've  been as high as 32000%+ recently and still have not cashed out btc.  Each individual is different,  I do however earn yield and DCA roughly 1k a week into btc and will be that way for years to come.  If I want to purchase an income producing asset or need money then I borrow against btc.  I wont sell!  Eventually BTC will level out and then maybe ill sell to consolidate some debt.

Hmm...do you consider your purchases of bitcoin to be an investment?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 11, 2021, 11:46:22 AM
Quote from: gib on June 11, 2021, 03:17:49 AM
Its a very interesting issue. Does the US, as the land of the free and dominant currency take the lead and embrace, or resist?

I suspect, whilst in a dilemma, they will eventually get to the former.

G7 is going down the legal route on El Salvadore regarding their adoption stance.

Quite interesting when a country isn’t allowed by others countries to determine what they deem as currency. El Salvadore gunna be reminded this weekend that they need to keep the Empire happy.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on June 11, 2021, 11:49:36 AM
Quote from: gib on June 11, 2021, 03:17:49 AM
Its a very interesting issue. Does the US, as the land of the free and dominant currency take the lead and embrace, or resist?

I suspect, whilst in a dilemma, they will eventually get to the former.
They will resist if they are smart.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on June 11, 2021, 11:57:52 AM
Markets as a whole have been dead. Next week is the fed interest rate decision. Business should pick up one way or another.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 11, 2021, 11:58:59 AM
Quote from: Thin Lizzy on June 11, 2021, 11:57:52 AM
Markets as a whole have been dead. Next week is the fed interest rate decision. Business should pick up one way or another.


Sell in May and go away is stronger this year since people can travel  for vacation.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on June 11, 2021, 12:29:43 PM
 8)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 11, 2021, 12:34:36 PM
Quote from: Humble Narcissist on June 11, 2021, 11:49:36 AM
They will resist if they are smart.

They willresist.

Bitcoin price already wants to puke it’s guts up, just needs an excuse.

You don’t walk into a friends house an simply vomit on their carpet. You walk in, say ‘what’s that smell, oh it’s your dog’ and then vomit all over their carpet. You were going to vomit anyway but now you can blame the dog smell.

Now on the other hand, if Biden says he loves Bitcoin and wants to help it grow, we will get a strong rally.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 11, 2021, 01:37:35 PM
Bitcoin and crypto go mainstream with new 401(k) retirement offering


Some 401(k) savers soon can plunk a portion of their nest eggs into cryptocurrency.

Starting in July, ForUsAll Inc., a 401(k) provider, will let workers in retirement plans it administers to invest up to 5% of their contributions in the leading cryptocurrencies through Coinbase. The news was first reported by the Wall Street Journal.

"When we created our institutional platform, our initial focus was making cryptocurrency accessible to institutional investors and high net worth individuals,” Brett Tejpaul, head of institutional sales, trading, and prime at Coinbase, said in a statement to Yahoo Money. “The next evolution is to broaden our reach and we are thrilled to be working with ForUsAll to expand access to cryptocurrency through 401(k)s.”

 This is only the beginning of mainstream crypto investment as a retirement strategy, according to David Ramirez, co-founder and chief investment officer of ForUsAll.

“There has been an absolute sea change in the investment world in the last few years with institutional professional investors making increasing use of alternatives, and more recently digital assets,” Ramirez told Yahoo Money. “Most individual investors don't have access to the same opportunities, nor the means to make good use of them. We're changing that.”

It may be too early to tell whether this is an industry-wide turning point or one-off phenomenon. ForUsAll manages 401(k) plans for just 400 employer clients, representing $1.7 billion in retirement-plan assets. That’s a small slice of the $22 trillion market.

 https://money.yahoo.com/bitcoin-crypto-investing-goes-mainstream-in-new-401-k-offering-214411478.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 11, 2021, 04:30:33 PM
Man, the alts look really weak right now. Might see a sub 2k eth again real soon. Sub dollar Ada, link and dot lethargic too.

I've been shorting on some og these smaller rallies here and there. Nothing crazy.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 11, 2021, 06:01:49 PM
Quote from: Bindare_Dundat on June 11, 2021, 04:30:33 PM
Man, the alts look really weak right now. Might see a sub 2k eth again real soon. Sub dollar Ada, link and dot lethargic too.

I've been shorting on some og these smaller rallies here and there. Nothing crazy.

You all think I’m joking…..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on June 11, 2021, 06:48:38 PM
Quote from: Mayday on June 11, 2021, 06:01:49 PM
You all think I’m joking…..

If the best in breed is doing poorly, hard to see the also-rans doing well.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 11, 2021, 06:49:41 PM
Quote from: Mayday on June 11, 2021, 06:01:49 PM
You all think I’m joking…..

There's going to be another decent sized rally at some point. That's the way I have it charted out. Of course, anything could happen but it doesn't matter either way for me.

If I have to wait 3 years, ill wait. If it never comes, oh well.

Why aren't you shorting? I am, right now. Lol 37,341 entry.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 11, 2021, 06:51:45 PM
Quote from: Thin Lizzy on June 11, 2021, 06:48:38 PM
If the best in breed is doing poorly, hard to see the also-rans doing well.

Its just kinda funny how the alts were looking stronger than btc last week and the last few days BTC dominance has been going up. Happens really quick. Lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 11, 2021, 07:06:45 PM
Quote from: Thin Lizzy on June 11, 2021, 06:48:38 PM
If the best in breed is doing poorly, hard to see the also-rans doing well.

Ive been amazed at how many influencer traders have been utterly wrecked.

I know one guy who is idolised sells a bot algo to his followers. He got 99% of them liquidated recently. All bullish people. He even got wiped out himself.

I said before 97% need to lose and I am seeing that unfold right now. everyone expects a pump but I’ve been saying it already happened from 30k, that’s your pump mofos!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 11, 2021, 07:21:08 PM
Good trade so far .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 11, 2021, 07:39:29 PM
Quote from: Bindare_Dundat on June 11, 2021, 06:51:45 PM
Its just kinda funny how the alts were looking stronger than btc last week and the last few days BTC dominance has been going up. Happens really quick. Lol

History repeats dude. Seasonality rises for BtC but price goes down……. Alts are going to be obliterated. The next 30k dive by BtC and you’ll see ETH tap 1,450.

I have been shorting. I’m busy though so I haven’t done much because I can’t sit in front of my computer.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 11, 2021, 08:19:34 PM
Quote from: Mayday on June 11, 2021, 07:39:29 PM
History repeats dude. Seasonality rises for BtC but price goes down……. Alts are going to be obliterated. The next 30k dive by BtC and you’ll see ETH tap 1,450.

I have been shorting. I’m busy though so I haven’t done much because I can’t sit in front of my computer.

Did your account get hacked. Lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 11, 2021, 09:03:39 PM
Quote from: Bindare_Dundat on June 11, 2021, 08:19:34 PM
Did your account get hacked. Lol

I pondered many scenarios, one was what if they rounded out the parabolic run. I just don’t post too much on here otherwise I’d have my own 300 page thread with just my in it lol.

Seasonality is just that, a period of time with a range and then it reverts back.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 11, 2021, 09:14:57 PM
Quote from: Mayday on June 11, 2021, 09:03:39 PM
I pondered many scenarios, one was what if they rounded out the parabolic run. I just don’t post too much on here otherwise I’d have my own 300 page thread with just my in it lol.

Seasonality is just that, a period of time with a range and then it reverts back.

Who's "they"?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 11, 2021, 09:18:19 PM
Quote from: French on June 11, 2021, 12:29:43 PM
8)



The only thing that could be worse it to not know where it came from or what backs it...uh whoops.

(https://media3.giphy.com/media/l0HlL09khYq25uQiQ/200.gif)


Also, why post a picture of physical coins? Aren't those barbarous relics? Why would one need to associate binary ledger with physical metals?  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 11, 2021, 10:20:38 PM
Quote from: Bindare_Dundat on June 11, 2021, 09:14:57 PM
Who's "they"?

Anyone with a bigger bank roll than those posting that  they have a big bank roll.

Crypto is illiquid therefore easily manipulated.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 11, 2021, 10:36:27 PM
Quote from: Bindare_Dundat on June 11, 2021, 06:49:41 PM
There's going to be another decent sized rally at some point. That's the way I have it charted out. Of course, anything could happen but it doesn't matter either way for me.

If I have to wait 3 years, ill wait. If it never comes, oh well.

Why aren't you shorting? I am, right now. Lol 37,341 entry.

Wait 3 years for WHAT?

Irrational, speculative action on a bunch of stupid shitcoins?

Your placing money on these "crypto coins" was never based on any level of fundamental evaluation whatsoever.

Go to a casino and place bets on some random roulette numbers if you really need to scratch that itch.

Bitcoin is the only one that matters. It is the one with the revolutionary monetary properties.

Bitcoin will eventually have every single hater in this thread looking themselves in the mirror and admitting that they let their foolish pride get the best of them. They should have bought(and held) when they had the information punching them squarely between the eyes.

The smartest people in this sector simply buy and HOLD Bitcoin folks. It really is that simple.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 11, 2021, 11:54:57 PM
Bitcoin making 97% more poor…….

97% want get rich quick. BTC is get rich quick followed by get poor quick. That’s the reality of outcome.

HoDL made a number of guys in here very wealthy.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 12, 2021, 02:04:16 AM
Quote from: polychronopolous on June 11, 2021, 10:36:27 PM
Wait 3 years for WHAT?

Irrational, speculative action on a bunch of stupid shitcoins?

Your placing money on these "crypto coins" was never based on any level of fundamental evaluation whatsoever.

Go to a casino and place bets on some random roulette numbers if you really need to scratch that itch.

Bitcoin is the only one that matters. It is the one with the revolutionary monetary properties.

Bitcoin will eventually have every single hater in this thread looking themselves in the mirror and admitting that they let their foolish pride get the best of them. They should have bought(and held) when they had the information punching them squarely between the eyes.

The smartest people in this sector simply buy and HOLD Bitcoin folks. It really is that simple.

Agree. So simple. Yet ironically so hard for so many to do.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 12, 2021, 02:11:58 AM
Quote from: polychronopolous on June 11, 2021, 10:36:27 PM
Wait 3 years for WHAT?

Irrational, speculative action on a bunch of stupid shitcoins?

Your placing money on these "crypto coins" was never based on any level of fundamental evaluation whatsoever.

Go to a casino and place bets on some random roulette numbers if you really need to scratch that itch.

Bitcoin is the only one that matters. It is the one with the revolutionary monetary properties.

Bitcoin will eventually have every single hater in this thread looking themselves in the mirror and admitting that they let their foolish pride get the best of them. They should have bought(and held) when they had the information punching them squarely between the eyes.

The smartest people in this sector simply buy and HOLD Bitcoin folks. It really is that simple.

Man, a few of you sound salty as fuck. Lol
Watching the value slip away everyday and not gaining any traction as of late must be really taking its toll.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 12, 2021, 02:22:25 AM
Quote from: polychronopolous on June 11, 2021, 10:36:27 PM
Wait 3 years for WHAT?

Irrational, speculative action on a bunch of stupid shitcoins?

Your placing money on these "crypto coins" was never based on any level of fundamental evaluation whatsoever.

Go to a casino and place bets on some random roulette numbers if you really need to scratch that itch.

Bitcoin is the only one that matters. It is the one with the revolutionary monetary properties.

Bitcoin will eventually have every single hater in this thread looking themselves in the mirror and admitting that they let their foolish pride get the best of them. They should have bought(and held) when they had the information punching them squarely between the eyes.

The smartest people in this sector simply buy and HOLD Bitcoin folks. It really is that simple.

 :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 12, 2021, 03:28:03 AM
Quote from: Mayday on June 11, 2021, 11:54:57 PM
Bitcoin making 97% more poor…….

97% want get rich quick. BTC is get rich quick followed by get poor quick. That’s the reality of outcome.

HoDL made a number of guys in here very wealthy.

Up 114%  on my short bro.

Edit. Lmao just got stopped out . Big candle in the 15 took me out . Spoke too soon. Still a nice win. I'm happy.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on June 12, 2021, 03:44:59 AM
Quote from: SOMEPARTS on June 11, 2021, 09:18:19 PM


Also, why post a picture of physical coins? Aren't those barbarous relics? Why would one need to associate binary ledger with physical metals?  :D

Just to vizualize, most of people don't believe or trust what they can't see.
Crypto have a reality and an utility.
Bitcoin is the mother of the crypto coins but not necessarily the one that will subsist.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 12, 2021, 04:27:18 AM
Quote from: Bindare_Dundat on June 12, 2021, 03:28:03 AM
Up 114%  on my short bro.

Edit. Lmao just got stopped out . Big candle in the 15 took me out . Spoke too soon. Still a nice win. I'm happy.

LOL it happens.

I was going to short ADA but didn’t get the chance to sit down properly.

Why don’t you short some Doge? Easy pickings there down to 0.30.

Short it now so you can purge your hate and forgivr your future self when you purchase it lol. I know you will mofo 😂
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 12, 2021, 05:02:48 AM
Quote from: Mayday on June 12, 2021, 04:27:18 AM
LOL it happens.

I was going to short ADA but didn’t get the chance to sit down properly.

Why don’t you short some Doge? Easy pickings there down to 0.30.

Short it now so you can purge your hate and forgivr your future self when you purchase it lol. I know you will mofo 😂

Lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 12, 2021, 05:26:12 AM
Quote from: Bindare_Dundat on June 12, 2021, 02:11:58 AM
Man, a few of you sound salty as fuck. Lol
Watching the value slip away everyday and not gaining any traction as of late must be really taking its toll.

Salty? He said buy and hodl btc. Not buy and gamble.  I can understand if he was playing the market he would be salty, but nothing he said gave that indication. 

These influencers are conning people with their paywalls and bs TA thinking btc adheres to their bs narratives.  Im actually looking forward to the bear market, purging of all these false actors, only to resurface next bull phase....especially that fat turd bitboy and his pathetic 56btc holdings yet he has 1mill + youtube sunscribers.  The guy is an emotional mess and his sentiment is up one day and down the next.  People are paying for  his input?  Id rather pay Mayday, at least I know when he has a heavyflow and his style is entertaining.

The boys calling the shots are guys with 1000+ btc and $$$ behind  them and they do it with  military like precision. Guess what? They dump the markets  and re-accumulate at the bottom and increase their holdings.  Why would  massive money dump only to  buy more btc?  Not solana, not doge not 4000 other shitcoins.......only btc. My money is on they know where BTC is heading. Im not going to risk 1 satoshi let alone 1 btc playing the markets, can I? Yes. Will I? No.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 12, 2021, 06:19:02 AM
Quote from: Bindare_Dundat on June 12, 2021, 02:11:58 AM
Man, a few of you sound salty as fuck. Lol
Watching the value slip away everyday and not gaining any traction as of late must be really taking its toll.

No problem at all. If you believe in BTC, you simply measure your worth in how many BTC you have. Every day you can stack sats is a good day, and even better if sats are cheaper to acquire for a period of time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 12, 2021, 06:23:27 AM
Quote from: Theoak* on June 12, 2021, 05:26:12 AM
Salty? He said buy and hodl btc. Not buy and gamble.  I can understand if he was playing the market he would be salty, but nothing he said gave that indication. 

These influencers are conning people with their paywalls and bs TA thinking btc adheres to their bs narratives. 

Well he was being salty towards all other crypto. Understandable given the only thing bitcoin has going for it now is that it was first.

Hiding behind a paywall and giving analysis and tips is a decades old con that predates bitcoin. Basically for those paying for it, it works like this. You tell half your subscription base to buy, the other to sell. Half win big and think you're a god the other half disappear. A variation of this is 2 guys teaming up, one tells his subscribers to buy, the other tells his to sell. The split the money and the "god" teams up with a different "god" to fleece people again. There are other variations and it's obviously a little more complicated than my basic examples, but they all have one thing in common. They are all a con!

It's actually kinda funny how all the old tricks are being used and working so successfully in the crypto markets, not just the scams and cons, but also the manipulation. The guys who would be able to best navigate all this BS are the old timers who just so happen to have no interest in getting into crypto.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 12, 2021, 11:35:39 AM
Quote from: Flexacon on June 12, 2021, 06:23:27 AM
Well he was being salty towards all other crypto. Understandable given the only thing bitcoin has going for it now is that it was first.

Hiding behind a paywall and giving analysis and tips is a decades old con that predates bitcoin. Basically for those paying for it, it works like this. You tell half your subscription base to buy, the other to sell. Half win big and think you're a god the other half disappear. A variation of this is 2 guys teaming up, one tells his subscribers to buy, the other tells his to sell. The split the money and the "god" teams up with a different "god" to fleece people again. There are other variations and it's obviously a little more complicated than my basic examples, but they all have one thing in common. They are all a con!

It's actually kinda funny how all the old tricks are being used and working so successfully in the crypto markets, not just the scams and cons, but also the manipulation. The guys who would be able to best navigate all this BS are the old timers who just so happen to have no interest in getting into crypto.

Bitcoin is the only one with true decentralization and a fixed supply.

Non censurable digital scarcity that I can carry around in my head.

Once you understand the importance and power of that why would you want to throw your money at anything else?

The people that grasp this concept the earliest will ultimately profit the most.

The "gibs" and "Theoaks*" being the clearest, best examples in this very thread.

Long term Bitcoin price go up. Tremendously.

Long term the vast, vast majority of shitcoins trend back down to zero.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 12, 2021, 12:00:29 PM
Quote from: polychronopolous on June 12, 2021, 11:35:39 AM

Long term the vast, vast majority of shitcoins trend back down to zero.

Long term BTC has a greater chance of being outright banned (dropping it in value)  or scrapped (going to zero) than something like ETH.
Quote from: polychronopolous on June 12, 2021, 11:35:39 AM

Once you understand the importance and power of that why would you want to throw your money at anything else?


Because I get better short term returns for it.


If BTC ends up being as amazing as you're making out, I'll still be able to buy it even if it's a ridiculous price given my short returns are overall generally better than they would be just hodling BTC. If BTC doesn't "make it" and I stay on top of the markets, then I can still pivot pretty easily from my positions and latch on to whatever looks to be the next front runner

Your close minded "all in" approach leaves you with nothing if BTC ends up on the scrap heap.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 12, 2021, 03:20:40 PM
Flex brings up a good point with tricks.

See the ETH pump? It’s had Covid all week then outta nowhere it declares It doesn’t have Covid and asks people to come over for dinner.

Those poor bastards go over for dinner and then start texting friends to come over, having an awesome time here, no Covid mofos, get here first before others arrive and eat all the party pies.

Shits fucked. All gunna end up quarantined.

Fucking stranger danger folks! if someone has skin falling off their face, walks like a zombie, is coughing uncontrollably and invites you over to see their new puppy, do not go and see their new puppy!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on June 12, 2021, 04:17:32 PM
I'm still not sweating any of these dumps.  I'm playing the long game and I'm not worried about short term price action.  I'm thinking in terms of years....not days, weeks, or months.

Meanwhile, I'm perfectly comfortable with a lot of people calling me an idiot.  We'll see.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 12, 2021, 11:56:36 PM
Quote from: polychronopolous on June 12, 2021, 11:35:39 AM
Bitcoin is the only one with true decentralization and a fixed supply.

Non censurable digital scarcity that I can carry around in my head.

Once you understand the importance and power of that why would you want to throw your money at anything else?

The people that grasp this concept the earliest will ultimately profit the most.

The "gibs" and "Theoaks*" being the clearest, best examples in this very thread.

Long term Bitcoin price go up. Tremendously.

Long term the vast, vast majority of shitcoins trend back down to zero.

So true. Look back and the thousands of alts and shitcoins that have come (and gone) in prior cycles. I know some of the guys behind alt coin launches. Its a virtuous and now well-organized system for those in at the outset. The game is basically to profit with the best sounding pitch or "project", and eventually get out with max returns, leaving others holding the bag, meanwhile putting any gains into Sats, before doing it all over and launching another alt, each time leaving the masses holding the bag ...

Don't fall for it. Very few of the "alts" of today will be of any significance in 4 years, although some from this current cycle will fondly remember their names of what those alts were back in the day...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 13, 2021, 03:57:39 AM
Quote from: gib on June 12, 2021, 11:56:36 PM
So true. Look back and the thousands of alts and shitcoins that have come (and gone) in prior cycles. I know some of the guys behind alt coin launches. Its a virtuous and now well-organized system for those in at the outset. The game is basically to profit with the best sounding pitch or "project", and eventually get out with max returns, leaving others holding the bag, meanwhile putting any gains into Sats, before doing it all over and launching another alt, each time leaving the masses holding the bag ...

Don't fall for it. Very few of the "alts" of today will be of any significance in 4 years, although some from this current cycle will fondly remember their names of what those alts were back in the day...

So in order to pump a dying bitcoin, maxis need to create pump and dump shitcoins?  Thank you for clearing that up for us gib  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 13, 2021, 05:04:39 AM
2017 Vs 2021 Bitcoin essentially holds the same market share % in mid year seasonality.

What it means for alt coins however is we know the numbers have increased from 1,500 to 7,000+ Therefore for remaining share is more diluted.

For eg A number of popular alt coins in 2017 didn’t overtake their previous ATH this run.
 

As for bagholding one could argue maxis are doing that to El Salvadore and Nigeria right now. Maxis don’t GAF and will dump on everyone while claiming moral superiority and freedom lol.

Maxis are as corrupt and power hungry as those in power now racing to become the richest as quickly as possible. I have no problem with power hungry but just be honest about it and don’t BS me.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 13, 2021, 05:20:03 AM
Quote from: polychronopolous on June 11, 2021, 10:36:27 PM
Wait 3 years for WHAT?

Irrational, speculative action on a bunch of stupid shitcoins?

Your placing money on these "crypto coins" was never based on any level of fundamental evaluation whatsoever.

Go to a casino and place bets on some random roulette numbers if you really need to scratch that itch.

Bitcoin is the only one that matters. It is the one with the revolutionary monetary properties.

Bitcoin will eventually have every single hater in this thread looking themselves in the mirror and admitting that they let their foolish pride get the best of them. They should have bought(and held) when they had the information punching them squarely between the eyes.

The smartest people in this sector simply buy and HOLD Bitcoin folks. It really is that simple.


Do you watch movies on LaserDisc?  Maybe BetaMax? :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 13, 2021, 05:20:39 AM
Texas regulator allows state-chartered banks to hold Bitcoin

A Texas state regulator has officially affirmed that Texas state-chartered banks are allowed to store cryptocurrencies like Bitcoin (BTC) for their customers.

The Texas Department of Banking, a state regulatory agency chartering state banks and supervising financial services, issued a notice on Thursday stating that local banks are permitted to provide crypto services in the state.

The agency noted that Texas banks “may provide customers with virtual currency custody services, so long as the bank has adequate protocols in place to effectively manage the risks and comply with applicable law.”

The regulator briefly explained cryptocurrencies, stressing that digital currencies do not exist in a physical form, but on a blockchain, and thus require the owner to hold private keys to access them. The authority further stated that banks can store crypto on customers’ behalf, either by keeping copies of the customer’s private keys or holding the assets directly in the bank’s custody by creating new private keys held by the bank.

“As with the method of custody services, several secure storage options are available to the bank, each of which has distinctive characteristics pertaining to level of security and accessibility. The bank will have to determine which storage option best fits the circumstances,” the agency wrote.

The department also mentioned that the bank should confirm the existence of adequate coverage with its insurance carrier as a measure to protect its crypto holdings.

The regulatory notice comes shortly after members of the Texas House of Representatives passed a bill to recognize cryptocurrencies under commercial law last month. Other jurisdictions in the United States, such as Wyoming and Nebraska, have been actively embracing crypto custody services by state-chartered banks, with Wyoming chartering Kraken exchange as its first crypto bank last September. Federally chartered banks also received authorization for providing crypto custody services in July 2020.

https://cointelegraph.com/news/texas-regulator-allows-state-chartered-banks-to-hold-bitcoin
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 13, 2021, 05:29:28 AM
Quote from: Pray_4_War on June 12, 2021, 04:17:32 PM
I'm still not sweating any of these dumps.  I'm playing the long game and I'm not worried about short term price action.  I'm thinking in terms of years....not days, weeks, or months.

Meanwhile, I'm perfectly comfortable with a lot of people calling me an idiot.  We'll see.



How much are you in for? That's the thing I find interesting.

If you have a BTC or 3 and you have say 10k in, I can see just sitting on it in case something crazy happens. But believe me the minute this thing broke 40-50k I'd be half out of that position, haha.

People buying in at 50k.....well, might as well play the lottery.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 13, 2021, 05:52:05 AM
Quote from: SOMEPARTS on June 13, 2021, 05:20:03 AM

Do you watch movies on LaserDisc?  Maybe BetaMax? :D

You are missing the boat entirely.

Bitcoin is not a technological miracle. It is a MONETARY miracle.

Any 'fairy tale' coin that you can gin up in your head will be centralized. It will be led by a group of people and therefore corruptible. Bitcoin does not have this problem. Bitcoin is not a person or a small group of people. Bitcoin is math.

Slap together some coin in a lab that is 1000 times faster than anything else. Put all the bells and whistles on it that you can imagine. It still loses to Bitcoin because of it will be ultimately compromised by the people who produced it.

Daily production of Bitcoin will be be cut in half from 900 to 450 in the spring of 2024. Then down to a daily production of 225, 4 years after that. The math dictates it.

This is a MONETARY land grab that is taking place before our eyes. Bitcoin continues to spread and entrench itself more and more into our world with every passing week.

If this all hurts your ego or you refuse to accept this then I apologize but the rest of the world marches on, with or without you.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 13, 2021, 06:12:44 AM
Quote from: polychronopolous on June 13, 2021, 05:52:05 AM


Any 'fairy tale' coin that you can gin up in your head will be centralized. It will be led by a group of people and therefore corruptible. Bitcoin does not have this problem. Bitcoin is not a person or a small group of people. Bitcoin is math.


Explain all the 50% to 80% flash crashes then bub
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 13, 2021, 06:54:25 AM
Quote from: Flexacon on June 13, 2021, 03:57:39 AM
So in order to pump a dying bitcoin, maxis need to create pump and dump shitcoins?  Thank you for clearing that up for us gib  ;D

For future reference we know your thoughts on btc, its garbage and outdated. Useless by default.....Do you believe it is dying at 36k? Do you have a timeline of when you expect its death or the government  to do a rug pull?

Coinbase adds 2million new users weekly, projected growth by 2024 is 1+billion users. Im betting on a multi trillion $ market cap for btc alone by 2025. So Id say your timeline for a btc ban would be between now and then?  The longer it goes on the bloodier the outcome will be if btc is banned.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on June 13, 2021, 06:55:51 AM
Quote from: SOMEPARTS on June 13, 2021, 05:29:28 AM


How much are you in for? That's the thing I find interesting.

If you have a BTC or 3 and you have say 10k in, I can see just sitting on it in case something crazy happens. But believe me the minute this thing broke 40-50k I'd be half out of that position, haha.

People buying in at 50k.....well, might as well play the lottery.

I bought in before Michael Saylor and Tesla were buying.  I don't have the bulk of my net worth in Bitcoin so if it goes to zero I'm gonna be disappointed but I'm not going to be ruined.  I do have a lot of money in though.  I agree that buying at 50K isn't a great idea for most people but I'm not taking any profits on my position.  150K isn't life changing wealth for me.  I'm holding all of it for at least the next 5 years.  I have smaller positions in Etherium and Cardano.  Same thing goes for them.......hold, don't sell, see what happens.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 13, 2021, 06:56:50 AM
Quote from: Mayday on June 13, 2021, 05:04:39 AM
2017 Vs 2021 Bitcoin essentially holds the same market share % in mid year seasonality.

What it means for alt coins however is we know the numbers have increased from 1,500 to 7,000+ Therefore for remaining share is more diluted.

For eg A number of popular alt coins in 2017 didn’t overtake their previous ATH this run.
 

As for bagholding one could argue maxis are doing that to El Salvadore and Nigeria right now. Maxis don’t GAF and will dump on everyone while claiming moral superiority and freedom lol.

Maxis are as corrupt and power hungry as those in power now racing to become the richest as quickly as possible. I have no problem with power hungry but just be honest about it and don’t BS me.

Absolutely money and power corrupt, reminds of a certain coin where the largest stake holders rule over consensus.....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 13, 2021, 07:00:06 AM
Quote from: Theoak* on June 13, 2021, 06:54:25 AM
For future reference we know your thoughts on btc, its garbage and outdated. Useless by default.....Do you believe it is dying at 36k? Do you have a timeline of when you expect its death or the government  to do a rug pull?

Coinbase adds 2million new users weekly, projected growth by 2024 is 1+billion users. Im betting on a multi trillion $ market cap for btc alone by 2025. So Id say your timeline for a btc ban would be between now and then?  The longer it goes on the bloodier the outcome will be if btc is banned.

For future reference when someone uses a  ;D at the end of their post it's usually to let people know they are trolling.

You must be syncing cycles with Mayday or something
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 13, 2021, 07:16:18 AM
Quote from: SOMEPARTS on June 13, 2021, 05:29:28 AM


How much are you in for? That's the thing I find interesting.

If you have a BTC or 3 and you have say 10k in, I can see just sitting on it in case something crazy happens. But believe me the minute this thing broke 40-50k I'd be half out of that position, haha.

People buying in at 50k.....well, might as well play the lottery.

This is de ja vu. Ive purcashed at the bottom,mid and top of every bullcycle since 2013.  We all go through those thoughts, I always attained for a whole number I would hodl and the rest would traded, experiment with. I remember the feeling those red candles dropping by $10-$50 at a time. Gut wrenching, still held.

 Then time passed and those candles became $100-200 increments. Years went on and $500-$1000.  By that time, life changing money was given to me only to be ripped away.

Enter 2017 where $1000-2000 candles were the norm through out the year with a subsequent drop of  ~$16000 from ATH. Never sold!

2021 $10000-20000 candles are the norm now and the impact of these dramatic rises and falls have a far lesser impact on my emotional well being. Because time in the market beats timing the market.  You think by 2025 when these candles break up and down by 50-75k that im going to flinch a muscle?

See for every bullphase and bearmarket their are new participants entering the space, those left over from the last phase hodl strong and understand the game while new guys make their bones. We all lose, some learn and adapt......others time the market, take.their gains oay 30-50% CGT only to enter back into the market at a higher  price.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 13, 2021, 07:20:45 AM
Quote from: Flexacon on June 13, 2021, 07:00:06 AM
For future reference when someone uses a  ;D at the end of their post it's usually to let people know they are trolling.

You must be syncing cycles with Mayday or something

10years of smart phones  and Ive never used emojis!  You did say btc has a greater chance of being banned. When and how does this happen? What time frame do you consider that argument to be void.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on June 13, 2021, 07:36:36 AM
It seems like BTC , ETC and DOGE found a new steady bottom. People can complain but think where they were a year ago. All are up mega %%%%. The problem is what will move it forward.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 13, 2021, 07:51:22 AM
Quote from: Theoak* on June 13, 2021, 07:20:45 AM
10years of smart phones  and Ive never used emojis!  You did say btc has a greater chance of being banned. When and how does this happen? What time frame do you consider that argument to be void.

Something having a greater chance of being banned than something else means just that. It doesn't mean it will be banned by so and so date.

I know what you're angling for though, so I'll save you time. I say when BTC gets banned and you respond with "that's what's so great about it. It exists outside government control, can't stop people using it etc etc".

Go read my post again. I said if BTC gets outright banned it would drop in value. If you're all in on BTC then that isn't really a great outcome.

I'd rather wait, make higher returns elsewhere and only jump in on bitcoin when it's more of a certain thing/less volatile.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 13, 2021, 08:23:23 AM
Quote from: Flexacon on June 13, 2021, 07:51:22 AM
Something having a greater chance of being banned than something else means just that. It doesn't mean it will be banned by so and so date.

I know what you're angling for though, so I'll save you time. I say when BTC gets banned and you respond with "that's what's so great about it. It exists outside government control, can't stop people using it etc etc".

Go read my post again. I said if BTC gets outright banned it would drop in value. If you're all in on BTC then that isn't really a great outcome.

I'd rather wait, make higher returns elsewhere and only jump in on bitcoin when it's more of a certain thing.

You're not making higher returns elsewhere.

You're not "selling out" right before the crashes and then scooping back up at rock bottom.

You don't have an edge on anybody. You are fish food in a highly manipulated shitcoin market.

And that doesn't even include talking about the tax implications in this sort of stupid behavior.

Whatever happened to the good ole days of being content with claiming to be an undefeated, underground Kumite champion or knocking out 20 rep squats with 800 pounds on the bar?? ???

Your posts are like the personification of the 'eyes roll' emoji  ::) ::) in multi-paragraph text form.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 13, 2021, 08:43:36 AM
Quote from: polychronopolous on June 13, 2021, 08:23:23 AM

You're not "selling out" right before the crashes and then scooping back up at rock bottom.


LMAO

That's exactly what I did. I was banging the drum warning about a crash when everyone was talking about 300k btc. It's well documented on here and I love being given the chance to remind people.

I also sold before the stock market crash in 2020. Again well documented on here and put it all on silver which has nearly tripled. You guessed it, it's well documented on here.

Just because you can't do it nancy, doesn't mean others can't.

Tax implications for crypto aren't the same everywhere bub or you're just not clever enough to figure out some loopholes.

(https://memegenerator.net/img/instances/75876857/so-salty.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on June 13, 2021, 09:36:21 AM
Interesting conversation.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 13, 2021, 09:51:56 AM
Quote from: IroNat on June 13, 2021, 09:36:21 AM
Interesting conversation.

Well you must have noticed when bitcoin hit the shitter and you came into the thread to troll all the bitcoin fanboys were as silent as church mouse.

I was the one calling you out.

Bitcoin has a mini rally and now the fanboys are back feeling like champions. Some of them clowns like poly act like borderline cultists. Gib, seems like a nice guy, but he gave himself up on here a few years. Bitcoin looked dead and he pretty much owned up to acting the part of a shill.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 13, 2021, 10:31:23 AM
Nigerians will ‘lead bitcoin,’ says Twitter CEO Jack Dorsey


Twitter co-founder and CEO Jack Dorsey Sunday said “the people of Nigeria will lead bitcoin” despite the Nigerian authorities clamp down on the trading of cryptocurrencies.


Dorsey’s take was a direct reaction to an oped written by NFL star Russell Okung in Bitcoin Magazine.

Okung, a Nigerian descendant and self-acclaimed Bitcoin proponent, advised Nigeria to focus on achieving “economic independence and financial sovereignty” by establishing a Bitcoin Standard.

Nigeria is one of the largest cryptocurrency markets in the world. But the country’s central bank prohibited financial institutions from trading in cryptocurrency.

Banks were also ordered to identify and close down all accounts involved in the transfer or exchange of cryptocurrencies.

“The bank hereby wishes to remind regulated financial institutions that dealing with cryptocurrencies or facilitating payments for cryptocurrency exchanges is prohibited,” the CBN said in a statement.

Still, about $400 million worth of cryptocurrencies have been traded in Nigeria in 2021, Statista, a global market data tracker, said. The volume of trading places it behind only the United States and Russia in the world.

Despite the government’s action, many young Nigerians found alternative ways of buying and selling cryptocurrencies as the country’s currency, the naira, continues to slide against the dollar.

“It is no secret that the current global economic environment is worrisome and unsustainable,” Okung wrote in the oped. “Sadly, the fate of the Nigerian economy is in the hands of global central bankers who do not represent the best interests of the Nigerian people. Despite the challenges we face, the resilience of Nigerians continues to inspire.”

Okung insisted that it is “urgent” for Nigeria to act and that the country has a “limited window”. He pointed to the finite supply of the digital currency as one of its main attractions.

He claimed that Iran, Russia, China and Kenya are already “mining or otherwise utilising bitcoin,” partly as a means of circumventing the United States sanctions which prevent them from full participation in the global financial system.

https://m.guardian.ng/news/nigerians-will-lead-bitcoin-says-twitter-ceo-jack-dorsey/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on June 13, 2021, 11:11:25 AM
Quote from: polychronopolous on June 13, 2021, 10:31:23 AM
Nigerians will ‘lead bitcoin,’ says Twitter CEO Jack Dorsey


Twitter co-founder and CEO Jack Dorsey Sunday said “the people of Nigeria will lead bitcoin” despite the Nigerian authorities clamp down on the trading of cryptocurrencies.


Dorsey’s take was a direct reaction to an oped written by NFL star Russell Okung in Bitcoin Magazine.

Okung, a Nigerian descendant and self-acclaimed Bitcoin proponent, advised Nigeria to focus on achieving “economic independence and financial sovereignty” by establishing a Bitcoin Standard.

Nigeria is one of the largest cryptocurrency markets in the world. But the country’s central bank prohibited financial institutions from trading in cryptocurrency.

Banks were also ordered to identify and close down all accounts involved in the transfer or exchange of cryptocurrencies.

“The bank hereby wishes to remind regulated financial institutions that dealing with cryptocurrencies or facilitating payments for cryptocurrency exchanges is prohibited,” the CBN said in a statement.

Still, about $400 million worth of cryptocurrencies have been traded in Nigeria in 2021, Statista, a global market data tracker, said. The volume of trading places it behind only the United States and Russia in the world.

Despite the government’s action, many young Nigerians found alternative ways of buying and selling cryptocurrencies as the country’s currency, the naira, continues to slide against the dollar.

“It is no secret that the current global economic environment is worrisome and unsustainable,” Okung wrote in the oped. “Sadly, the fate of the Nigerian economy is in the hands of global central bankers who do not represent the best interests of the Nigerian people. Despite the challenges we face, the resilience of Nigerians continues to inspire.”

Okung insisted that it is “urgent” for Nigeria to act and that the country has a “limited window”. He pointed to the finite supply of the digital currency as one of its main attractions.

He claimed that Iran, Russia, China and Kenya are already “mining or otherwise utilising bitcoin,” partly as a means of circumventing the United States sanctions which prevent them from full participation in the global financial system.

https://m.guardian.ng/news/nigerians-will-lead-bitcoin-says-twitter-ceo-jack-dorsey/

Makes sense  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 13, 2021, 11:27:21 AM
(https://apologeticsminion.files.wordpress.com/2017/01/aaeaaqaaaaaaaakpaaaajgy4njywyjq2ltq5mdgtngewzi1hztllltq0mjrlzdkynmuwzg.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 13, 2021, 11:56:32 AM
Bitcoin is like that fighter who takes punch after punch and continues to move forward.

In fact, it's opponent could pull out a 38(pistol) from his waistband and shoot center mast and Bitcoin would probably crouch forward and wince a little bit but ultimately would stand back up and continue ahead.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on June 13, 2021, 12:01:00 PM
Quote from: Flexacon on June 13, 2021, 09:51:56 AM
Well you must have noticed when bitcoin hit the shitter and you came into the thread to troll all the bitcoin fanboys were as silent as church mouse.

I was the one calling you out.

Bitcoin has a mini rally and now the fanboys are back feeling like champions. Some of them clowns like poly act like borderline cultists. Gib, seems like a nice guy, but he gave himself up on here a few years. Bitcoin looked dead and he pretty much owned up to acting the part of a shill.

Yep, most of the bitcoin fanboys will get sheared like sheep.

It's the natural order. 

The mental aspect of successful investing or in this case speculating is extremely important.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on June 13, 2021, 01:19:12 PM
Quote from: IroNat on June 13, 2021, 12:01:00 PM
Yep, most of the bitcoin fanboys will get sheared like sheep.

It's the natural order. 

The mental aspect of successful investing or in this case speculating is extremely important.

Yeah I know.  It's too bad I'm not as smart and sophisticated as a real investor.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 13, 2021, 01:34:46 PM
Quote from: Flexacon on June 13, 2021, 09:51:56 AM
Bitcoin has a mini rally and now the fanboys are back feeling like champions. Some of them clowns like poly act like borderline cultists. Gib, seems like a nice guy, but he gave himself up on here a few years. Bitcoin looked dead and he pretty much owned up to acting the part of a shill.

But them Nigerians are gunna make us all rich? 😂

Top Resistance at 38.9k then nuke it like in the Aliens movie.

Twitter going apeshit with bullish fever.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on June 13, 2021, 01:34:51 PM
Quote from: Pray_4_War on June 13, 2021, 01:19:12 PM
Yeah I know.  It's too bad I'm not as smart and sophisticated as a real investor.-

You don't have to be that smart.  It's more control of emotions combined with common sense, experience, and gut feelings.

I dont consider bitcoin or whatever variation you call it to be investing.  It's speculating.

In this case, perhaps currency speculation, like speculating in dollars or yen.

Bitcoin is supposed to be currency, right?

Investing is a long-term activity.  You invest in an education for example.

Speculating is looking for a quick score.  Nothing wrong with it as long as you understand the game.

Somebody mentioned DCAing into bitcoin every month like bitcoin was a stock index fund.  That's foolish.  Someone with no understanding of the game.

It's the Greater Fool Theory in action.  A game of hot potato.  The Quick or the Dead.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 13, 2021, 02:07:16 PM
Quote from: IroNat on June 13, 2021, 01:34:51 PM
You don't have to be that smart.  It's more control of emotions combined with common sense, experience, and gut feelings.

I dont consider bitcoin or whatever variation you call it to be investing.  It's speculating.

In this case, perhaps currency speculation, like speculating in dollars or yen.

Bitcoin is supposed to be currency, right?

Investing is a long-term activity.  You invest in an education for example.

Speculating is looking for a quick score.  Nothing wrong with it as long as you understand the game.

Somebody mentioned DCAing into bitcoin every month like bitcoin was a stock index fund.  That's foolish.  Someone with no understanding of the game.

It's the Greater Fool Theory in action.  A game of hot potato.  The Quick or the Dead.

(https://external-preview.redd.it/TQDmOcqPnlYAYl9OuKY8cH8xpNH0lCeo6Jk0um_Jz5w.jpg?auto=webp&s=81b4d0a390d2f21fcf150d746eaa8ee86db409a8)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 13, 2021, 02:15:16 PM
Quote from: Mayday on June 13, 2021, 01:34:46 PM
But them Nigerians are gunna make us all rich? 😂

Top Resistance at 38.9k then nuke it like in the Aliens movie.

Twitter going apeshit with bullish fever.


Elon tweets Tesla never sold all their BTC. Stimulus cheques incoming (shout out to stimulus poster guy who has been shouting about that for months)

I can see it going even higher before dumping hard. Dump could even happen by next Friday
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 13, 2021, 02:22:41 PM
Quote from: IroNat on June 13, 2021, 01:34:51 PM


Somebody mentioned DCAing into bitcoin every month like bitcoin was a stock index fund.  That's foolish.  Someone with no understanding of the game.

It's the Greater Fool Theory in action.  A game of hot potato.  The Quick or the Dead.

That somebody is me, and I DCA weekly  ~ 800-1k weekly using yield platforms. Really, im earning and not cashing out. My passive stream of income doesnt go into BTC.  A fool? Time will tell....

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 13, 2021, 02:33:52 PM
Quote from: Flexacon on June 13, 2021, 02:15:16 PM

Elon tweets Tesla never sold all their BTC. Stimulus cheques incoming (shout out to stimulus poster guy who has been shouting about that for months)

I can see it going even higher before dumping hard. Dump could even happen by next Friday

How timely, has a meeting with Saylor, Saylor announces another 500mill purchase and Elon comes out with a tweet how he will be accepting btc in the future and hasn't  sold.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 13, 2021, 02:38:24 PM
Quote from: Flexacon on June 13, 2021, 02:15:16 PM

Elon tweets Tesla never sold all their BTC. Stimulus cheques incoming (shout out to stimulus poster guy who has been shouting about that for months)

I can see it going even higher before dumping hard. Dump could even happen by next Friday

The pump just now was a couple of candles where institutions pumped the very bottom and retail buyers aped in right at the top.

Strong resistance is at 38.9k which is where it’s at now. Notice Volume dropped way off, retail buyers now trapped right at the top with no volume and a heap of shorts below which weren’t liquidated and institutions now an easy 5% in margin, holding loads of coins and with open short positions.

Twitter says it’s a short squeeze. I say more likely a nuke to sub 30k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 13, 2021, 03:07:19 PM
Quote from: Flexacon on June 13, 2021, 07:51:22 AM


I know what you're angling for though, so I'll save you time. I say when BTC gets banned and you respond with "that's what's so great about it. It exists outside government control, can't stop people using it etc etc".



So now you've  gone from reading  the market to perfection to reading my thoughts in the event of a black swan scenario?  I make no excuses for if/when btc dies.  I  hope everyone here makes fuck you money, regardless of their strategy.  Salty.......not even if btc dumped to 11k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 13, 2021, 03:12:39 PM
Quote from: Mayday on June 13, 2021, 02:38:24 PM
The pump just now was a couple of candles where institutions pumped the very bottom and retail buyers aped in right at the top.

Strong resistance is at 38.9k which is where it’s at now. Notice Volume dropped way off, retail buyers now trapped right at the top with no volume and a heap of shorts below which weren’t liquidated and institutions now an easy 5% in margin, holding loads of coins and with open short positions.

Twitter says it’s a short squeeze. I say more likely a nuke to sub 30k.

I've not gone looking at charts or anything directly for a while now, but yeah it does seem to have stalled around 39k.

I'm not ruling out a short squeeze, but not from here. It's more likely after the dump.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 13, 2021, 03:18:10 PM
Quote from: Theoak* on June 13, 2021, 03:07:19 PM
So now you've  gone from reading  the market to perfection to reading my thoughts in the event of a black swan scenario?  I make no excuses for if/when btc dies.  I  hope everyone here makes fuck you money, regardless of their strategy.  Salty.......not even if btc dumped to 11k.

I've never said you were salty. I have said you were menstruating though  ;D

It's all good man. If you didn't notice I didn't call you out when I had a pop at maxi attitudes on here. You're doing your thing and I respect that.

I've called out people who came in here to troll when BTC crashed and I called out people who came in here to hype trash like ETC, so I have no agenda other than against idiots. Maybe I just need to stop calling people out  :P
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on June 13, 2021, 03:25:09 PM
Quote from: Theoak* on June 13, 2021, 02:22:41 PM
That somebody is me, and I DCA weekly  ~ 800-1k weekly using yield platforms. Really, im earning and not cashing out. My passive stream of income doesnt go into BTC.  A fool? Time will tell....



You damn dummy!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 13, 2021, 04:05:00 PM
.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 13, 2021, 07:23:03 PM
Quote from: polychronopolous on June 13, 2021, 11:56:32 AM
Bitcoin is like that fighter who takes punch after punch and continues to move forward.

In fact, it's opponent could pull out a 38(pistol) from his waistband and shoot center mast and Bitcoin would probably crouch forward and wince a little bit but ultimately would stand back up and continue ahead.

So bitcoin is a Marvel superhero?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 13, 2021, 08:41:22 PM
Quote from: Flexacon on June 13, 2021, 07:23:03 PM
So bitcoin is a Marvel superhero?


More like Nate Diaz.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 13, 2021, 08:43:36 PM
Quote from: Theoak* on June 13, 2021, 07:16:18 AM
This is de ja vu. Ive purcashed at the bottom,mid and top of every bullcycle since 2013.  We all go through those thoughts, I always attained for a whole number I would hodl and the rest would traded, experiment with. I remember the feeling those red candles dropping by $10-$50 at a time. Gut wrenching, still held.

 Then time passed and those candles became $100-200 increments. Years went on and $500-$1000.  By that time, life changing money was given to me only to be ripped away.

Enter 2017 where $1000-2000 candles were the norm through out the year with a subsequent drop of  ~$16000 from ATH. Never sold!

2021 $10000-20000 candles are the norm now and the impact of these dramatic rises and falls have a far lesser impact on my emotional well being. Because time in the market beats timing the market.  You think by 2025 when these candles break up and down by 50-75k that im going to flinch a muscle?

See for every bullphase and bearmarket their are new participants entering the space, those left over from the last phase hodl strong and understand the game while new guys make their bones. We all lose, some learn and adapt......others time the market, take.their gains oay 30-50% CGT only to enter back into the market at a higher  price.


2025 is an eternity from now with this horse already in line for the tech glue factory.

The outflow in crypto when real economics start to show weakness will be breathtaking.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 13, 2021, 09:14:09 PM
Quote from: Flexacon on June 13, 2021, 07:23:03 PM
So bitcoin is a Marvel superhero?

I never was a big comic book reader but the closest comparison I could make would be like Wolverine
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 14, 2021, 12:05:29 AM
Quote from: Flexacon on June 13, 2021, 09:51:56 AM
Bitcoin has a mini rally and now the fanboys are back feeling like champions. Some of them clowns like poly act like borderline cultists. Gib, seems like a nice guy, but he gave himself up on here a few years. Bitcoin looked dead and he pretty much owned up to acting the part of a shill.

Lol, will not sure that I entirely agree with that. But yes, I was bullish on BTC last cycle. When you own BTC, you are incentivized to ensure others adopt it, become aware of it, and ideally purchase some of it. And yes I did sell at around the 15K mark suring that last cycle. Not because I didn't believe in BTC's long term potential, but because the rate of the increase seemed too sharp in the short term.

This time around, I plan to HODL long term, and I believe 2025 will be another stellar year, regardless at what happens in between. Having said  that, if I saw obvious signs of a manic sort term bubble, who knows, at a certain point I would need to reconsider my HODL. So, for example, eg BTC goes in a gradual rise to 500K over the next 5 years, I would likely HODL. If it got to 400K by the end of this year on the other hand, I might be tempted to sell, even though my long term outlook remains.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 14, 2021, 12:08:13 AM
Quote from: IroNat on June 13, 2021, 01:34:51 PM
You don't have to be that smart.  It's more control of emotions combined with common sense, experience, and gut feelings.

I dont consider bitcoin or whatever variation you call it to be investing.  It's speculating.

In this case, perhaps currency speculation, like speculating in dollars or yen.

Bitcoin is supposed to be currency, right?

Investing is a long-term activity.  You invest in an education for example.

Speculating is looking for a quick score.  Nothing wrong with it as long as you understand the game.

Somebody mentioned DCAing into bitcoin every month like bitcoin was a stock index fund.  That's foolish.  Someone with no understanding of the game.

It's the Greater Fool Theory in action.  A game of hot potato.  The Quick or the Dead.

I agree with most of this, but I would say that "speculating" can be both a long term or a short term activity. Its quite feasible to take a long term view on BTC, with the speculation being that in the long term it will gain significant value and adoption, regardless of short term sentiment shifts along the way...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 14, 2021, 01:00:30 AM
Muh short position at 38.9k……..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 14, 2021, 01:59:02 AM
US markets awakening. Will be interesting to see how things play out today as they get into the action...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 14, 2021, 02:18:13 AM
Quote from: gib on June 14, 2021, 01:59:02 AM
US markets awakening. Will be interesting to see how things play out today as they get into the action...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 14, 2021, 03:38:05 AM
Quote from: Mayday on June 14, 2021, 01:00:30 AM
Muh short position at 38.9k……..

I'm starting to lean towards this being a bear market now too as I'm struggling to see where the money will come from to reach another ATH so soon. This looks more like a wait and see for me now

I've long believed that hidden institutional money caused this years pumps and they must have been involved in sell off that caused the crash. I figured they would eventually buy back in big, but I'm not so sure now.

I've come across this.

Hedge funds could basically park their money in crypto  as it was accepted as liquidity on their balance books. They could also collect some really nice gains by staking. May 4th this all changed. It looks like since that date crypto holdings were considered an asset. Coincidence a big crash followed shortly after that? For now I don't believe institutions have the same incentives to buy back in (I have some other nice confirmation bias, but it's pretty boring)

https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-802-Approval-Notice.pdf
(https://preview.redd.it/se13ie46a2571.png?width=746&format=png&auto=webp&s=9912fa13f4fdcffd7b0d65a1529d41a9bb15f4f0)

(https://preview.redd.it/ooadzkjz92571.png?width=742&format=png&auto=webp&s=b63eabf13080da8d41024afd8320cff7edda69f3)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 14, 2021, 05:58:58 AM
This guy, hahaha....making billions per tweet.


"Bitcoin’s price surged after Tesla CEO Elon Musk said Sunday the electric vehicle maker could accept bitcoin transactions again in future."

"Musk said Sunday that Tesla will resume allowing bitcoin transactions “when there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend.”  ::)


https://www.cnbc.com/2021/06/14/bitcoin-btc-soars-after-musk-says-tesla-could-accept-the-crypto-again.html




Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 14, 2021, 06:28:01 AM
Volume is still quite low.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on June 14, 2021, 06:28:58 AM
Quote from: SOMEPARTS on June 14, 2021, 05:58:58 AM
This guy, hahaha....making billions per tweet.


"Bitcoin’s price surged after Tesla CEO Elon Musk said Sunday the electric vehicle maker could accept bitcoin transactions again in future."

"Musk said Sunday that Tesla will resume allowing bitcoin transactions “when there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend.”  ::)


https://www.cnbc.com/2021/06/14/bitcoin-btc-soars-after-musk-says-tesla-could-accept-the-crypto-again.html

Crypto is a meme right now. LARPing "investors" getting cucked by turbo incels like elon musk.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 14, 2021, 06:34:41 AM
Sticking to my plan, selling everything again between 42k and 52k. That'll most likely be the end of this run this year.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on June 14, 2021, 07:16:26 AM
Quote from: SOMEPARTS on June 14, 2021, 05:58:58 AM
This guy, hahaha....making billions per tweet.


"Bitcoin’s price surged after Tesla CEO Elon Musk said Sunday the electric vehicle maker could accept bitcoin transactions again in future."

"Musk said Sunday that Tesla will resume allowing bitcoin transactions “when there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend.”  ::)


https://www.cnbc.com/2021/06/14/bitcoin-btc-soars-after-musk-says-tesla-could-accept-the-crypto-again.html


Meanwhile he's shooting off rockets that fill the atmosphere with carcinogenic pollutants because he cares about the human race.

(https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fmedia.giphy.com%2Fmedia%2FUsyd2zd4XSjTy%2Fgiphy.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 14, 2021, 07:38:11 AM
Elon has given us some lolz, but are people still falling for it? He's tweets aren't what's causing a $trillion to crash out of the market, he is just a distraction. This cycles version of John McAfee.

(https://memegenerator.net/img/instances/64336879/fool-me-once-shame-on-you-fool-me-twice-cant-get-fooled-again.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 14, 2021, 08:35:56 AM
Quote from: SOMEPARTS on June 13, 2021, 08:43:36 PM

2025 is an eternity from now with this horse already in line for the tech glue factory.

The outflow in crypto when real economics start to show weakness will be breathtaking.

This is a really great point. The evidence from March 2020 points to crypto being a huge liability in an economic meltdown.

Although there doesn't seem to be much in the way of a safe haven right now. You know things are pretty bad when Buffett buys Apple stock as a safe place to keep his money.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on June 14, 2021, 09:28:26 AM
Quote from: Flexacon on June 14, 2021, 08:35:56 AM
This is a really great point. The evidence from March 2020 points to crypto being a huge liability in an economic meltdown.

Although there doesn't seem to be much in the way of a safe haven right now. You know things are pretty bad when Buffett buys Apple stock as a safe place to keep his money.

I still think Real Estate (properties but also including land assets) is the safest haven. It's the best hedge against inflation and economic collapse, as people still need a place to live and there is a finite supply of land available to build/inhabit in.

Crypto has a world of potential, but we might not yet be in that world. It could very well take a total collapse of the US Economic system (looking to have a high potential at this point) to set the stage for a decentralized form of currency that can connect the "unheard" masses and get the greedy hands of the central banks out of the finances of the average person and business.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 14, 2021, 09:58:19 AM
Quote from: OneMoreRep on June 14, 2021, 09:28:26 AM
I still think Real Estate (properties but also including land assets) is the safest haven. It's the best hedge against inflation and economic collapse, as people still need a place to live and there is a finite supply of land available to build/inhabit in.

Crypto has a world of potential, but we might not yet be in that world. It could very well take a total collapse of the US Economic system (looking to have a high potential at this point) to set the stage for a decentralized form of currency that can connect the "unheard" masses and get the greedy hands of the central banks out of the finances of the average person and business.

"1"

If you're buying  real estate at the current prices, you're pretty much having to pay a premium for it, so is it really a safe haven against inflation? You're basically buying with an element of inflation built into the price and it could still end up going against you. Having said that there doesn't look to be too many better options.

I'm actually going to go look at an apartment in a high rise residential block tomorrow. Those types of properties took a hit in price and demand dropped because of lockdowns. At least I'll be buying something that has at some point had a higher valuation.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 14, 2021, 01:27:15 PM
This will probably be the last time to sell as high as ~$40k. Great permanent exit point if you missed exiting above $40k. Deposit to a safe low interest savings account and you'll exceed the future performance of btc by a lot.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on June 14, 2021, 01:55:51 PM
Quote from: Flexacon on June 14, 2021, 09:58:19 AM
If you're buying  real estate at the current prices, you're pretty much having to pay a premium for it, so is it really a safe haven against inflation? You're basically buying with an element of inflation built into the price and it could still end up going against you. Having said that there doesn't look to be too many better options.

I'm actually going to go look at an apartment in a high rise residential block tomorrow. Those types of properties took a hit in price and demand dropped because of lockdowns. At least I'll be buying something that has at some point had a higher valuation.

These current prices are inflationary. No way would I buy or recommend anyone else buy real estate at this point. Inflation is very real, as you know. I've been Paul Revere'ing it for the better part of a year in stating that inflation is coming. Now that hard assets (real estate, stock market, gas/oil) have clearly experienced it over the last 6+ months, consumers are slowly starting to feel it via the CPI increases we are seeing on a monthly basis.

To answer your second question..."is it really a hedge against inflation? Absolutely, especially for people like myself who have held real estate for years, the increase in asset value has allowed for pulling out money (HELOC) to buy even more properties (expand wealth) and increase rents as well....WIN/WIN. I've been using other people's money to expand my real estate assets, collecting premium rents and keeping them tax free via depreciation. Literally, I make money while I sleep and none of it gets taxed.

Good for you on looking into the new apartment. Depending on the city, it can rise exponentially in value over time.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 14, 2021, 02:43:00 PM
Land grab.

21 million will only ever be produced.

MicroStrategy completes $500 million offering, plans to buy more Bitcoin

Software company MicroStrategy has today completed its $500 million offering of secured notes, according to a statement. The company said it plans to use the proceeds, which it estimates at $488 million — after discounts, comissions and expenses — to buy more bitcoin.

The offering was of secured notes due 2028 that bear interest at an annual rate of 6.125%.

The company already holds 92,079 bitcoin, which is under the purview of its newly formed subsidiary MacroStrategy. The price of bitcoin is currently $40,700, suggesting that MicroStrategy will be able to buy around 11,990 more bitcoin, taking it well above the 100,000 mark.

MicroStrategy announced this latest offering on June 7, initially planning to raise $400 million before it was upped to $500 million. According to reports, the company had more than $1.6 billion worth of orders for the notes, "including interest from a large number of hedge funds."

https://www.theblockcrypto.com/linked/108334/microstrategy-completes-500-million-offering-plans-to-buy-more-bitcoin
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 14, 2021, 04:45:27 PM
Quote from: Theoak* on June 14, 2021, 01:27:15 PM
This will probably be the last time to sell as high as ~$40k. Great permanent exit point if you missed exiting above $40k. Deposit to a safe low interest savings account and you'll exceed the future performance of btc by a lot.

You can almost fold this in half and be symmetrical.

42k was the first entry point on the way up.

We are looking to 42k now as the last exit point.

Twitter at euphoric stage today basically saying 47k is in the bag. Meanwhile there is risk around interest rate announcement on Wednesday.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 14, 2021, 04:52:58 PM
Microstragy and  Michael Saylor throwing throwing money at bitcoin doesn't necessarily fill me with confidence.

Most of his recent plays have been him buying at the top of the market .

(https://www.memeatlas.com/images/boboThumbnails/bobo-laughing-looking-down-thumbnail.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 14, 2021, 05:01:57 PM
Quote from: OneMoreRep on June 14, 2021, 01:55:51 PM
These current prices are inflationary. No way would I buy or recommend anyone else buy real estate at this point. Inflation is very real, as you know. I've been Paul Revere'ing it for the better part of a year in stating that inflation is coming. Now that hard assets (real estate, stock market, gas/oil) have clearly experienced it over the last 6+ months, consumers are slowly starting to feel it via the CPI increases we are seeing on a monthly basis.

To answer your second question..."is it really a hedge against inflation? Absolutely, especially for people like myself who have held real estate for years, the increase in asset value has allowed for pulling out money (HELOC) to buy even more properties (expand wealth) and increase rents as well....WIN/WIN. I've been using other people's money to expand my real estate assets, collecting premium rents and keeping them tax free via depreciation. Literally, I make money while I sleep and none of it gets taxed.

Good for you on looking into the new apartment. Depending on the city, it can rise exponentially in value over time.

"1"

Thanks for the reply.

It's in London. We've had our exponential price rises between 2010 to 2018. I don't see a Singapore type situation where prices can continue climbing. Just looking to keep money safe and collect a guaranteed rent.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 14, 2021, 07:03:26 PM
Quote from: polychronopolous on June 14, 2021, 02:43:00 PM
Land grab.

21 million will only ever be produced.

MicroStrategy completes $500 million offering, plans to buy more Bitcoin

Software company MicroStrategy has today completed its $500 million offering of secured notes, according to a statement. The company said it plans to use the proceeds, which it estimates at $488 million — after discounts, comissions and expenses — to buy more bitcoin.

The offering was of secured notes due 2028 that bear interest at an annual rate of 6.125%.

The company already holds 92,079 bitcoin, which is under the purview of its newly formed subsidiary MacroStrategy. The price of bitcoin is currently $40,700, suggesting that MicroStrategy will be able to buy around 11,990 more bitcoin, taking it well above the 100,000 mark.

MicroStrategy announced this latest offering on June 7, initially planning to raise $400 million before it was upped to $500 million. According to reports, the company had more than $1.6 billion worth of orders for the notes, "including interest from a large number of hedge funds."

https://www.theblockcrypto.com/linked/108334/microstrategy-completes-500-million-offering-plans-to-buy-more-bitcoin

Absolutely - and we can also all do this on a micro scale as individuals, which over time collectively becomes a massive macro move...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 14, 2021, 07:10:11 PM
Quote from: OneMoreRep on June 14, 2021, 09:28:26 AM
I still think Real Estate (properties but also including land assets) is the safest haven. It's the best hedge against inflation and economic collapse, as people still need a place to live and there is a finite supply of land available to build/inhabit in.

Crypto has a world of potential, but we might not yet be in that world. It could very well take a total collapse of the US Economic system (looking to have a high potential at this point) to set the stage for a decentralized form of currency that can connect the "unheard" masses and get the greedy hands of the central banks out of the finances of the average person and business.

"1"

Here's the downside:

-Real estate can be compulsorily acquired by the Government.
-It is not immovable and cannot be transferred across boarders.
-Huge friction in transaction costs (both to buy and sell).
-Maintenance costs ongoing.
-Requires ongoing effort if renting it to earn a yield.
-Can be heavily taxed (both on acquisition, on an ongoing basis, and massively via capital gains tax on any sale).
-For most people is leveraged, and value is thus highly influenced via interest rates. (This can be both a positive of a negative).
-Virtually unlimited supply can be produced in most countries, unless a very small place like HK or Singapore or Monaco (via more apartments that can be built upwards on plots of land).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on June 14, 2021, 07:26:59 PM
Is it possible for a hacker to just wipe out Bitcoin? Seriously. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 14, 2021, 07:57:06 PM
Quote from: El Diablo Blanco on June 14, 2021, 07:26:59 PM
Is it possible for a hacker to just wipe out Bitcoin? Seriously.


No not really a hack by one source, but if necessary the SWIFT members could just have govts block the code at ISP level.

Or they could just have govt asset Elon tweet it into oblivion.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 14, 2021, 08:05:49 PM
JPM now hoarding cash as they believe rates are going to rise…….

Barry Silter now long on VIX……

Metals already started to puke…..

The Fed said 2%-3% inflation was fine with them. It’s now 5% which is an interest rate risk flag.

At this same time MSTR raised 500M junk bonds to buy more Bitcoin and announced a proposal for the ability to sell 1B in shares…….


So for the Bitcoin Bulls, do you feel Saylor is buying at 40k because it’s going to fly upwards at any moment and decouple from the financial world?

I’ll make my viewpoint crystal clear, Saylor knows full well BTC had it’s top and is in a bear market. he knows a rate rise is incoming and it will trigger a huge sell off across financial markets, particularly crypto. Therefore Saylor is raising funds not to buy at 40k but at much lower prices.

when he buys he announces it straight away. Everyone expected him to buy so they front ran yesterday but yet radio silence from Saylor…… something worth pondering.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 14, 2021, 08:17:34 PM
Quote from: El Diablo Blanco on June 14, 2021, 07:26:59 PM
Is it possible for a hacker to just wipe out Bitcoin? Seriously.

For all intents and purposes, no. Has not yet happened, ever, in the entire history of bitcoin and virtually impossible every to happen in the future.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 14, 2021, 08:23:56 PM
Quote from: El Diablo Blanco on June 14, 2021, 07:26:59 PM
Is it possible for a hacker to just wipe out Bitcoin? Seriously.

Are you talking about quantum computing/super computers?  They need to operate at -180c as they require extreme computational output.  Even if it were capable why would you hack btc? The value would drop almost immediately and you would be holding nothing  burgers. If a hacker were that nefarious id probably avoid airports and anywhere  next to w nuclear base.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 14, 2021, 09:42:10 PM
Quote from: Theoak* on June 14, 2021, 08:23:56 PM
Are you talking about quantum computing/super computers?  They need to operate at -180c as they require extreme computational output.  Even if it were capable why would you hack btc? The value would drop almost immediately and you would be holding nothing  burgers. If a hacker were that nefarious id probably avoid airports and anywhere  next to w nuclear base.

Yes, agree. Hence theoretical. It's like saying that in theory, someone could steal all the gold in the world, and then destroy it by send it all into outer-space. Theoretical, but is never going to happen in reality.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 15, 2021, 02:49:18 AM
Quote from: Mayday on June 14, 2021, 08:05:49 PM
JPM now hoarding cash as they believe rates are going to rise…….

Barry Silter now long on VIX……

Metals already started to puke…..

The Fed said 2%-3% inflation was fine with them. It’s now 5% which is an interest rate risk flag.

At this same time MSTR raised 500M junk bonds to buy more Bitcoin and announced a proposal for the ability to sell 1B in shares…….


So for the Bitcoin Bulls, do you feel Saylor is buying at 40k because it’s going to fly upwards at any moment and decouple from the financial world?

I’ll make my viewpoint crystal clear, Saylor knows full well BTC had it’s top and is in a bear market. he knows a rate rise is incoming and it will trigger a huge sell off across financial markets, particularly crypto. Therefore Saylor is raising funds not to buy at 40k but at much lower prices.

when he buys he announces it straight away. Everyone expected him to buy so they front ran yesterday but yet radio silence from Saylor…… something worth pondering.

Guess we're going to find out soon enough.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 15, 2021, 04:19:12 AM
Girlfriends, take a look at the movements post large peaks/spikes.

2017 and 2019 look at the first small squiggle on the initial drop and look at 2021. exactly the same look and it’s right before a second smack down in price.

The dead cat bounce is the squiggle Then we have multiple bounces after before the uptrend is started.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 15, 2021, 04:37:16 AM
Quote from: Mayday on June 14, 2021, 08:05:49 PM
JPM now hoarding cash as they believe rates are going to rise…….

Barry Silter now long on VIX……

Metals already started to puke…..

The Fed said 2%-3% inflation was fine with them. It’s now 5% which is an interest rate risk flag.

At this same time MSTR raised 500M junk bonds to buy more Bitcoin and announced a proposal for the ability to sell 1B in shares…….


So for the Bitcoin Bulls, do you feel Saylor is buying at 40k because it’s going to fly upwards at any moment and decouple from the financial world?

I’ll make my viewpoint crystal clear, Saylor knows full well BTC had it’s top and is in a bear market. he knows a rate rise is incoming and it will trigger a huge sell off across financial markets, particularly crypto. Therefore Saylor is raising funds not to buy at 40k but at much lower prices.

when he buys he announces it straight away. Everyone expected him to buy so they front ran yesterday but yet radio silence from Saylor…… something worth pondering.

Check the latest 13F filings in HYG. Usually that bond is very stable and does nothing except when there is a market crash. All the big players have added a bunch of fresh PUTS there. Some have also added huge SPY PUTS.

Lets not forget Michael Burry has warned everyone just like back in 2008.

Other than a few "for amusement" positions I'm not involved, but this isn't good news for crypto. If crypto take a dump this month and then takes another dump because of a stockmarket crash where does that put us. Bitcoin under 10k, Eth under $800? It will be carnage, but those would be some sweet buy in prices
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on June 15, 2021, 05:57:36 AM
Quote from: gib on June 14, 2021, 07:10:11 PM
Here's the downside:

-Real estate can be compulsorily acquired by the Government.

In my 40+ years of owning real estate (both individual property and family owned), I've never had the government claim eminent domain and take part in condemnation of my land/property. Even in the off chance that they ever did, they practically always provide the real estate owner with fair value compensation.

Quote from: gib on June 14, 2021, 07:10:11 PM
-It is not immovable and cannot be transferred across boarders.

True. Then again, for someone like me, the USA is where I plan to stay for the rest of my life.
 
Quote from: gib on June 14, 2021, 07:10:11 PM
-Huge friction in transaction costs (both to buy and sell).

If you're looking to liquidate your assets in a bind, that can be detrimental as time could be of the essence. For me, I am a long term HODL'er of real estate.
 
Quote from: gib on June 14, 2021, 07:10:11 PM
-Maintenance costs ongoing.

Depends on what type of real estate you own and via what medium. I own everything from land (no real maintenance costs), indwelling units (condos & houses) and shares via REITs. Condos and houses have maintenance costs, but they are also costs I can write off against my taxes, thereby lowering my tax burden.

Quote from: gib on June 14, 2021, 07:10:11 PM
-Requires ongoing effort if renting it to earn a yield.

Depends on what you own and where you rent. If you own in a city that has high demand and rents are typically high, then getting and keeping tenants can be very simple. Additionally, if you don't like taking part in any "ongoing effort", get yourself a property manager (recommended if you own more than 5 properties at least).

Quote from: gib on June 14, 2021, 07:10:11 PM
-Can be heavily taxed (both on acquisition, on an ongoing basis, and massively via capital gains tax on any sale).

On acquisition, you can typically share the tax burden between the seller/buyer (makes it easier to stomach). Ongoing property taxes is a way of life, if you earn income in this country you HAVE to pay taxes one way or another (I find ways to lower tax burden). I don't agree with the notion that you have to pay capital gains on any sale to the tune of a "massive amount". This isn't true. As an accountant, I can tell you that if you were to sell a property, I can offset every last cost of repair, most of your interests paid during holding of that asset, cost of your realtor fee and closing costs for your entire transaction. I can easily turn that 15-20% to a measly 7-9% and MOST accountants can.

Quote from: gib on June 14, 2021, 07:10:11 PM
-For most people is leveraged, and value is thus highly influenced via interest rates. (This can be both a positive of a negative).

This last year and a half, mortgages have been given out for practically nothing. Interest rates have been at an all time low. It's free money they're lending out. Great time to be leveraged over the last 1.5 years.

Quote from: gib on June 14, 2021, 07:10:11 PM
-Virtually unlimited supply can be produced in most countries, unless a very small place like HK or Singapore or Monaco (via more apartments that can be built upwards on plots of land).

Unless God is creating more land or the oceans are receding and revealing more earth to build upon, not sure I can agree with the virtually unlimited supply.

Still, I would argue highly that when comparing apples to oranges, real estate is still an exponentially better hedge against inflation than Bitcoin.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on June 15, 2021, 06:07:26 AM
Quote from: Theoak* on June 14, 2021, 08:23:56 PM
Are you talking about quantum computing/super computers?  They need to operate at -180c as they require extreme computational output.  Even if it were capable why would you hack btc? The value would drop almost immediately and you would be holding nothing  burgers. If a hacker were that nefarious id probably avoid airports and anywhere  next to w nuclear base.



I wasn't talking about a hacker who's invested in it but one that just wants to fuck with people.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 15, 2021, 07:07:33 AM
Decentralization and math ultimately wins in the end.


Paul Tudor Jones likes Bitcoin because it's 'reliable' and 'honest,' says Fed policy is 'absolutely bat 's' crazy'


Famed investor Paul Tudor Jones supported putting money in Bitcoin (BTC-USD) on Monday, suggesting that it offers more reliability than Federal Reserve policymakers. He advocated that the ideal portfolio should contain 5% cryptocurrency.

In an interview with CNBC, Jones also railed against Fed policy, calling it "absolutely bat 's' crazy" for ignoring signs of rising inflation to concentrate solely on boosting the economy.

Jones said that if the Fed treats recent inflation data with "nonchalance" at its upcoming meeting, it will act as a "green light" for commodities trade. He specified that this reaction should include the purchase of commodities, gold, and cryptocurrencies.

The billionaire hedge fund manager characterized the current mix of monetary and fiscal policy as the "craziest" since the Fed was created. He suggested that, given the current economy, the combination of high government spending and easy monetary policy goes against economic orthodoxy.

On cryptocurrency, Jones said the asset class offered a good portfolio diversifier, suggesting that it provides more reliability than the people put in charge of policy at the Fed or in Congress and the White House.
Jones suggested that lack of faith in the Fed has driven high prices in both crypto and gold. He called it "disingenuous" for the Fed to refer to inflation as "transitory," a position that has undermined market faith in the central bank.

"Bitcoin is math," Jones said, calling it more "reliable, consistent, honest" than policymakers. He indicated that he doesn't see the same reliability and consistency with "human nature."

https://seekingalpha.com/news/3705997-paul-tudor-jones-likes-bitcoin-because-its-reliable-and-honest-says-fed-policy-is-absolutely-bat-s-crazy
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 15, 2021, 07:35:55 AM
Quote from: Theoak* on June 14, 2021, 08:23:56 PM
Even if it were capable why would you hack btc? The value would drop almost immediately and you would be holding nothing  burgers.


 8)



Some of you folks are very seriously naive.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 15, 2021, 11:26:10 AM
Almost there.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 15, 2021, 01:32:45 PM
Quote from: El Diablo Blanco on June 15, 2021, 06:07:26 AM
I wasn't talking about a hacker who's invested in it but one that just wants to fuck with people.

Answered that, if you are capable of hacking  the largest most secure network on earth and growing stronger by the day then you and I have bigger issues on our hands. Why stop at btc? Collapse Wall st, detonate nukes , crash airplanes etc....

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 15, 2021, 01:53:00 PM
Quote from: Theoak* on June 15, 2021, 01:32:45 PM
Answered that, if you are capable of hacking  the largest most secure network on earth and growing stronger by the day then you and I have bigger issues on our hands. Why stop at btc? Collapse Wall st, detonate nukes , crash airplanes etc....

Autism

If anyone were able to hack BTC they would most likely be autistic and their reasons probably wouldn't make much sense to us.

This guy hacked 100+ US military,  NASA and FBI websites and computers just because he was curious about UFOs.

(https://ichef.bbci.co.uk/news/1024/media/images/63490000/jpg/_63490668_mck.jpg)

I believe he was just looking for a way to get home
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 15, 2021, 04:22:51 PM
Quote from: Flexacon on June 15, 2021, 01:53:00 PM
Autism

If anyone were able to hack BTC they would most likely be autistic and their reasons probably wouldn't make much sense to us.

This guy hacked 100+ US military,  NASA and FBI websites and computers just because he was curious about UFOs.

(https://ichef.bbci.co.uk/news/1024/media/images/63490000/jpg/_63490668_mck.jpg)

I believe he was just looking for a way to get home

Thats why you see most math competitions dominated by chinese yet its nearly always the high funtctioning autuistic white kid that wins. Brilliant  coders.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 15, 2021, 04:28:20 PM
Quote from: Flexacon on June 15, 2021, 04:37:16 AM
Check the latest 13F filings in HYG. Usually that bond is very stable and does nothing except when there is a market crash. All the big players have added a bunch of fresh PUTS there. Some have also added huge SPY PUTS.

Lets not forget Michael Burry has warned everyone just like back in 2008.

Other than a few "for amusement" positions I'm not involved, but this isn't good news for crypto. If crypto take a dump this month and then takes another dump because of a stockmarket crash where does that put us. Bitcoin under 10k, Eth under $800? It will be carnage, but those would be some sweet buy in prices

There is always a deflationary event to trigger the inflationary policy. I would use rate rise over tapering QE to trigger a sell off. At least this way QE keeps going and you can justify increasing it when the sell off happens. It also says you acknowledge inflation. If you taper down QE you trigger a sell event you have to restart all over again which is arguably 1 step forward 1 step back. Then again if they are acting like bull market traders right now they’ll taper QE and expect it to rally lol.

Next dump might be 20k region and a bounce to 30k-32k. ETH 1k bounce 1.45k.

If it doesn’t rally from there and it wants a 3rd dip-bounce then we’ll see 14k come into play. ETH 400 region.

Alts require time to fully unwind so there is no rush on those even in the short term. All loaded with downside risk IMO because we will see random alt dumps of 10%+ without any price rally.

Quote from: Bindare_Dundat on June 15, 2021, 11:26:10 AM
Almost there.

Nope, we are still in a range and right at resistance and needing a break above 42.3k.

The window of opportunity is almost closed now. Look at your charts each month on the daily from the 15th onwards. What do you see?

Back half of each month is a come to Jesus meeting………
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 15, 2021, 07:03:07 PM
Quote from: OneMoreRep on June 15, 2021, 05:57:36 AM
In my 40+ years of owning real estate (both individual property and family owned), I've never had the government claim eminent domain and take part in condemnation of my land/property. Even in the off chance that they ever did, they practically always provide the real estate owner with fair value compensation.

True. Then again, for someone like me, the USA is where I plan to stay for the rest of my life.
 
If you're looking to liquidate your assets in a bind, that can be detrimental as time could be of the essence. For me, I am a long term HODL'er of real estate.
 
Depends on what type of real estate you own and via what medium. I own everything from land (no real maintenance costs), indwelling units (condos & houses) and shares via REITs. Condos and houses have maintenance costs, but they are also costs I can write off against my taxes, thereby lowering my tax burden.

Depends on what you own and where you rent. If you own in a city that has high demand and rents are typically high, then getting and keeping tenants can be very simple. Additionally, if you don't like taking part in any "ongoing effort", get yourself a property manager (recommended if you own more than 5 properties at least).

On acquisition, you can typically share the tax burden between the seller/buyer (makes it easier to stomach). Ongoing property taxes is a way of life, if you earn income in this country you HAVE to pay taxes one way or another (I find ways to lower tax burden). I don't agree with the notion that you have to pay capital gains on any sale to the tune of a "massive amount". This isn't true. As an accountant, I can tell you that if you were to sell a property, I can offset every last cost of repair, most of your interests paid during holding of that asset, cost of your realtor fee and closing costs for your entire transaction. I can easily turn that 15-20% to a measly 7-9% and MOST accountants can.

This last year and a half, mortgages have been given out for practically nothing. Interest rates have been at an all time low. It's free money they're lending out. Great time to be leveraged over the last 1.5 years.

Unless God is creating more land or the oceans are receding and revealing more earth to build upon, not sure I can agree with the virtually unlimited supply.

Still, I would argue highly that when comparing apples to oranges, real estate is still an exponentially better hedge against inflation than Bitcoin.

"1"

Well, that's a very American-centric view, as opposed to the reality in most of the world. Further, if history has taught us anything, its that not to take "normality" for granted. Property makes you entirely subject to to Government intervention, theft, tax, regulation, acquisition, war, politics, monetary policy, local economy, etc,  I wouldn't say property is a bad investment, but it comes with risks many under-estimate.

For the record, I have far far more net worth in property than in BTC, though not so much through private residences that I own (I do have a few places in various countries), but rather through REITs which give me global diversification, instant liquidity, and with no hassle of any maintenance etc. Still, I think BTC has it place, and will show its value when most needed, which I why I recommend everyone to become a whole-coiner whilst still possible and to have some % of portfolio allocated to BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 16, 2021, 12:38:34 AM
Today we get the Fed rate meeting result……

BTC long coins 48k - this is a record high
BTC short coins 25k

Binance has more Bitcoin loaded on its exchange right now than at 64.5k.

So we have exchanges loaded with coins plus record high level of longs and in 10hrs or so the Fed announces their rates of which they have been threatened by hedge funds who say they will go all in on commodities and send inflation to Mars unless they raise rates today…..

But according to Twitter it’s a huge short squeeze……..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on June 16, 2021, 03:58:24 AM
Quote from: Theoak* on June 15, 2021, 04:22:51 PM
Thats why you see most math competitions dominated by chinese yet its nearly always the high funtctioning autuistic white kid that wins. Brilliant  coders.

Don't the Chinee have any autistic math savants?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 16, 2021, 04:59:47 AM
Quote from: Mayday on June 16, 2021, 12:38:34 AM
Today we get the Fed rate meeting result……

BTC long coins 48k - this is a record high
BTC short coins 25k

Binance has more Bitcoin loaded on its exchange right now than at 64.5k.

So we have exchanges loaded with coins plus record high level of longs and in 10hrs or so the Fed announces their rates of which they have been threatened by hedge funds who say they will go all in on commodities and send inflation to Mars unless they raise rates today…..

But according to Twitter it’s a huge short squeeze……..

Looks like the rates will probably remain unchanged though.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 16, 2021, 07:49:30 AM
Quote from: Griffith on June 16, 2021, 04:59:47 AM
Looks like the rates will probably remain unchanged though.

Everyone in the system is kicking their own can down the road right now, and no on wants to be the reason for a crash.

Hedge funds have made an ungodly amount of money in the last 5 or so years (cheating the system and it's catching up with them) and now they have no where to park it. I believe until May it was in crypto, a lot of people now believe they are parking it overnight in the repo market because there is no where else.

Banks. FED, institutions are kinda in a self preservation style Mexican stand off with each other.

Crypto is gonna need a minor miracle right now to avoid taking a dump. The bigger question is one dump or two?

I can see Mr Anabolic cracking his knuckles, fingers hovering over his keyboard
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on June 16, 2021, 08:47:25 AM
Quote from: Flexacon on June 16, 2021, 07:49:30 AM
Everyone in the system is kicking their own can down the road right now, and no on wants to be the reason for a crash.

Hedge funds have made an ungodly amount of money in the last 5 or so years (cheating the system and it's catching up with them) and now they have no where to park it. I believe until May it was in crypto, a lot of people now believe they are parking it overnight in the repo market because there is no where else.

Banks. FED, institutions are kinda in a self preservation style Mexican stand off with each other.

Crypto is gonna need a minor miracle right now to avoid taking a dump. The bigger question is one dump or two?

I can see Mr Anabolic cracking his knuckles, fingers hovering over his keyboard

Hahaha at the last sentence.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 16, 2021, 03:29:35 PM
He still logs in, but hasn't posted for 6 months LMAO. I hope he posts and enjoys himself if bitcoin dumps below 10K.

If there is an economic crash it will actually be really interesting to see just how and why bitcoin crashes (if at all) and how it responds.

This will actually give us a far better insight into the long term prospects of bitcoin than a 65k bitcoin price in a bull run.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 16, 2021, 03:46:38 PM
Quote from: Flexacon on June 16, 2021, 07:49:30 AM
Everyone in the system is kicking their own can down the road right now, and no on wants to be the reason for a crash.

Hedge funds have made an ungodly amount of money in the last 5 or so years (cheating the system and it's catching up with them) and now they have no where to park it. I believe until May it was in crypto, a lot of people now believe they are parking it overnight in the repo market because there is no where else.

Banks. FED, institutions are kinda in a self preservation style Mexican stand off with each other.

Crypto is gonna need a minor miracle right now to avoid taking a dump. The bigger question is one dump or two?

I can see Mr Anabolic cracking his knuckles, fingers hovering over his keyboard

You thinking players rotate out of equities and move into commodities?

Would solve the sky high valuation of share prices and PE ratios if it had a pullback.

Fed will still do 120B/mth bond purchases so QE ain’t stopping and nor should stimmy cheques.


Any 50%+ first dump has always resulted in a 70%-85% end price either over a few months to 12 months.

Price range 9.6k-19.6k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 16, 2021, 04:17:01 PM
Quote from: Flexacon on June 16, 2021, 03:29:35 PM
He still logs in, but hasn't posted for 6 months LMAO. I hope he posts and enjoys himself if bitcoin dumps below 10K.

If there is an economic crash it will actually be really interesting to see just how and why bitcoin crashes (if at all) and how it responds.

This will actually give us a far better insight into the long term prospects of bitcoin than a 65k bitcoin price in a bull run.

Gold having a puke. I’m eyeing where it lands as I would like to buy gold but I’ll go the paper contract route.

Dont believe anything about bitcoin being decoupled.l from financial markets. Nobody flocks to the 0.6B market carp Bitcoin for safety, that’s what the 10T market cap gold is for and look at that today, complete 🤮

Just wait and you’ll see dude re BTC crash. I am at peak retard right now and this all feels like it needs
To happen.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 16, 2021, 05:12:18 PM
Quote from: Mayday on June 16, 2021, 04:17:01 PM
Gold having a puke. I’m eyeing where it lands as I would like to buy gold but I’ll go the paper contract route.

Dont believe anything about bitcoin being decoupled.l from financial markets. Nobody flocks to the 0.6B market carp Bitcoin for safety, that’s what the 10T market cap gold is for and look at that today, complete 🤮

Just wait and you’ll see dude re BTC crash. I am at peak retard right now and this all feels like it needs
To happen.

Tether could hit the shitter in a serious financial crash. It's balls deep in the stockmarket and holds very little $. So market trust in crypto and BTC will crash harder than anyone is expecting. Under these circumstances it may look like BTC is dead, but it could potentially emerge as a phoenix from the ashes, especially if we enter an economic depression and BTC rockets. That's what I'll be looking for to help convince me that BTC is legit. At the very least there should be some gains to be made.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 16, 2021, 08:59:35 PM
Quote from: Flexacon on June 16, 2021, 03:29:35 PM
He still logs in, but hasn't posted for 6 months LMAO. I hope he posts and enjoys himself if bitcoin dumps below 10K.

If there is an economic crash it will actually be really interesting to see just how and why bitcoin crashes (if at all) and how it responds.

This will actually give us a far better insight into the long term prospects of bitcoin than a 65k bitcoin price in a bull run.

Mr A has predicted a stock market crash every year since 2010 onwards until 2020. So far, he has not had a single year of being correct, although even a broken clock will eventually tell the correct time for a split second...

Regarding Bitcoin he called it a bubble and "vaporware" back when it was just $300 per coin. His stubbornness and pig-headedness did not work out well for him (at least in these areas of investing - I suspect in others areas he must have done OK).

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 16, 2021, 09:05:23 PM
No doubt the last 7-8 years have been strange. Nothing makes sense. Central planners will keep their pedal on the gas until the tires come off it seems.

John Maynard Keynes  - “The stock market can remain irrational longer than you can remain solvent.”
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 16, 2021, 10:00:01 PM
Quote from: Flexacon on June 16, 2021, 05:12:18 PM
Tether could hit the shitter in a serious financial crash. It's balls deep in the stockmarket and holds very little $. So market trust in crypto and BTC will crash harder than anyone is expecting. Under these circumstances it may look like BTC is dead, but it could potentially emerge as a phoenix from the ashes, especially if we enter an economic depression and BTC rockets. That's what I'll be looking for to help convince me that BTC is legit. At the very least there should be some gains to be made.

Thanks for the input, always good insight.

USD up almost 1% which is a warning shot fired. Deflationary event before inflationary policy and outcome.

I agree if this triggers a large market sell off Bitcoin gunna get fucked into oblivion. Back half of the month never a rally ;)

The question is going to be whether they gun for Saylor. What if that 500M he raised is to protect his share price? Everyone assumes it’s for BTC but if BTC price gets dumped hard they’re gunna short his stock into the ground and he has a duty to shareholders, not just his Bitcoin fantasy…….
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 16, 2021, 10:04:20 PM
For what it’s worth, according to Bollinger himself in a tweet, the current range is the bottom for BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 16, 2021, 10:10:57 PM
 Microstrategy will be buying another $1 billion of BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 16, 2021, 10:17:57 PM
Quote from: Griffith on June 16, 2021, 10:10:57 PM
Microstrategy will be buying another $1 billion of BTC.

News that retail Twitter has FOMO’d into the price already.

How about this one….

The debt raise of 500M is used to defend the share price.

The sale of 1B in shares is for purchase of BtC after he defends the share price and keeps the business alive…..

Quote from: Griffith on June 16, 2021, 10:04:20 PM
For what it’s worth, according to Bollinger himself in a tweet, the current range is the bottom for BTC.

Yeah and you watch him backpedal “oh I meant bottom of the existing range”.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 16, 2021, 10:37:21 PM
Quote from: Mayday on June 16, 2021, 10:17:57 PM
News that retail Twitter has FOMO’d into the price already.

How about this one….

The debt raise of 500M is used to defend the share price.

The sale of 1B in shares is for purchase of BtC after he defends the share price and keeps the business alive…..

Yeah and you watch him backpedal “oh I meant bottom of the existing range”.

Either way, another $1 billion is going into BTC.

This is what Bollinger said:

“Bottom in place, prices trying to move higher, first real target is the bottom side of the prior range, call it 48 to 50k. Play it as it lays. $btcusd #Bitcoin “
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 16, 2021, 11:42:35 PM
Over time I think we will easily see another Trillion go into BTC. Could happen quite fast too..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IRON CROSS on June 16, 2021, 11:46:13 PM


Try to repay China debt with those 'coins'  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 17, 2021, 01:19:20 AM
Quote from: Griffith on June 16, 2021, 10:37:21 PM
Either way, another $1 billion is going into BTC.

This is what Bollinger said:

“Bottom in place, prices trying to move higher, first real target is the bottom side of the prior range, call it 48 to 50k. Play it as it lays. $btcusd #Bitcoin “

Yeah the bottom for this range is what he means, not the proper bottom dude ;)

If it was 1B by Apple or Facebook then sure, I’d be happy. But this is 1B by the same largest buyer since the pandemic who has constantly increased his own downside risk exposure and also the downside risk to every holder.

Quite a few models have broken now and the influencers continue to laugh it off and ridicule/block anybody who questions the breaking. Everyone looks like a hero when it goes up and then 97% get wrecked when it goes down.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 17, 2021, 02:54:42 AM
Quote from: Mayday on June 16, 2021, 10:17:57 PM
News that retail Twitter has FOMO’d into the price already.

How about this one….

The debt raise of 500M is used to defend the share price.

The sale of 1B in shares is for purchase of BtC after he defends the share price and keeps the business alive…..

Yeah and you watch him backpedal “oh I meant bottom of the existing range”.

Im going to play devils advocate. 600m senior secured notes raised due by 2028 at 6.128%.  Do you think btc wont perform at 6.128% a year by 2028?  I expect  hedge funds to load up at a nice premium via MSTR.  My money is on the billionaire who lives in a pirateship.  I dont see a 70% dip from this price point.....but hey if it does, great entry point for you and flex.

This guy will go down with his ship or re write the investors playbook in a fast growing globally recognised new asset class. Microsteategy is his baby and has been for the last 30 years, you dont just kill off your children by gambling their future with nonsensical bets. I feel he has some inside info of whats coming back end of this year and obviously long term.

Im not sure what the Twitter landscape is saying but it works both ways. Takes a couple.more billionaires or institutions to dump a couple of billion into the market and every bear model you know breaks.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on June 17, 2021, 03:09:39 AM
The negativity has reached puke inducing levels.

See ya guys. Lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 17, 2021, 03:49:08 AM
Quote from: gib on June 16, 2021, 11:42:35 PM
Over time I think we will easily see another Trillion go into BTC. Could happen quite fast too..

This was my original assertion. Institutions buying back in (hedge funds mostly), but I have my doubts now. Where do you see that money coming from?

Also the discussion around a billion or 2 entering the market doesn't really make a dent into the 1 trillion that dumped out of crypto. Let's put that into perspective, that's 1,000 billion!

I'm gonna menstruate. It's quad witching day tomorrow. I'm expecting a 25% BTC dump very soon.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on June 17, 2021, 04:26:47 AM
You guys have bummed me out.

I was almost going to buy some crypto-coinage...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on June 17, 2021, 05:07:15 AM
Quote from: Griffith on June 16, 2021, 10:10:57 PM
Microstrategy will be buying another $1 billion of BTC.

So Microstrategy will just continue to keep BTC on life support??

What happens why they stop leveraging themselves into the mix? Just seems a bit too sleazy from a market manipulation standpoint.

Saylor will soon have to auction off his kids, donate blood and start sucking dicks for money in order to squeeze out more capital to keep BTC's price up.

Where's Max Keiser during moments like these?



"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 17, 2021, 05:51:01 AM
Quote from: Theoak* on June 17, 2021, 02:54:42 AM
Im going to play devils advocate. 600m senior secured notes raised due by 2028 at 6.128%.  Do you think btc wont perform at 6.128% a year by 2028?  I expect  hedge funds to load up at a nice premium via MSTR.  My money is on the billionaire who lives in a pirateship.  I dont see a 70% dip from this price point.....but hey if it does, great entry point for you and flex.

This guy will go down with his ship or re write the investors playbook in a fast growing globally recognised new asset class. Microsteategy is his baby and has been for the last 30 years, you dont just kill off your children by gambling their future with nonsensical bets. I feel he has some inside info of whats coming back end of this year and obviously long term.

Im not sure what the Twitter landscape is saying but it works both ways. Takes a couple.more billionaires or institutions to dump a couple of billion into the market and every bear model you know breaks.
Blended BTC buy is 24.3k for I believe 111,000 coins.

First 2 debt rounds are convertible bonds at 0% mature in 2028.

Share price dumped to $414 mid May and again last week. First bond raised at $397 so it was just above water last week and second bond is at $1,432 which was in distress.

What he can’t control is if an event happens where both BTC and Stock has a bad time, the bond holders may start dumping the bonds and the share price just keeps getting hammered and the board might ask for Saylor to dump Some BTC holdings.

Now why I mentioned the 500M possibly being to defend the share price is it rocketed 50% to $620 at the time the 500M deal was announced. Sure it could be the market but Saylor never announced any Bitcoin purchases and then straight after this we hear of a 1B share sale notice. So I’m saying where’s the 500M go if you didn’t buy BTC but your share price rallied. Coincidental? Probably but we will know soon enough if he purchases just 1B in BTC.

I dunno obviously but I find it pretty fascinating.

Quote from: IroNat on June 17, 2021, 04:26:47 AM
You guys have bummed me out.

I was almost going to buy some crypto-coinage...

I have posted charts and factual data of what I have posted so make of it what you will.

If I was going to buy anything today I’d YOLO it all in Doge and if Elon launches his own crypto I’d YOLO into that.

I know Bindare hates him but I’m not going to bet against the spaceship guy. Look at the world, we worship memes.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 17, 2021, 06:12:05 AM
Quote from: Mayday on June 17, 2021, 05:51:01 AM


I know Bindare hates him but I’m not going to bet against the spaceship govt asset guy. Look at the world, we worship memes.


Musk is like Zuckerberg, Gates and Bezos....seem to have a lot going on and a lot of special treatment for what they appear to be.

BTC still around 39k and people are disappointed....gambler's blues.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on June 17, 2021, 07:43:59 AM
Quote from: gib on June 16, 2021, 08:59:35 PM
Mr A has predicted a stock market crash every year since 2010 onwards until 2020. So far, he has not had a single year of being correct, although even a broken clock will eventually tell the correct time for a split second...

I think he has been right 50% of the time. For instance, since 2010, we experienced 5 distinct market crashes in the USA.

5/6/2010 - Flash crash of the Down Jones. The Dow dropped nearly 1,000 points before a partial recovery.

8/1/2011 - S&P 500 entered a short-lived bear market between 2 May 2011 (intraday high: 1,370.58) and 04 October 2011 (intraday low: 1,074.77), a decline of 21.58%.

8/18/2015 - The Dow fell 588 points during a two-day period, 1,300 points from August 18–21. On Monday, August 24, world stock markets were down substantially, wiping out all gains made in 2015, with interlinked drops in commodities such as oil, which hit a six-year price low, copper, and most of Asian currencies, but the Japanese yen, losing value against the United States dollar. With this plunge, an estimated ten trillion dollars had been wiped off the books on global markets since June 3.

9/20/2018 - The 2018 cryptocurrency crash. The S&P 500 index peaked at 2930 on its September 20 close and dropped 19.73% to 2351 by Christmas Eve. Bitcoin price peaked on 17 Dec '17, then fell 45% on 22nd Dec '17. The DJIA falls 18.78% during roughly the same period. Shanghai Composite dropped to a four-year low, escalating their economic downturn since the 2015 recession.

2/24/2020 - The S&P 500 index dropped 34%, 1145 points, at its peak of 3386 on February 19 to 2237 on March 23.

Keeping in mind that people very often throw the term "Stock Market Crash" in the air, but don't always take into account that there are distinct percentage differences that distinguished what constitutes a market drop following a crash, correction and bear market. If Mr. A meant a stock market crash like in the great depression, that's a different story altogether. 

Quote from: gib on June 16, 2021, 08:59:35 PM
Regarding Bitcoin he called it a bubble and "vaporware" back when it was just $300 per coin. His stubbornness and pig-headedness did not work out well for him (at least in these areas of investing - I suspect in others areas he must have done OK).

I disagree with his stance on BTC being vaporware, but he is also a staunch supporter of gold, which I also disagree with at this point in time. Back before the 1970's, I would have said gold is a great investment and hedge against inflation. But after 1971, following Nixon's decoupling of the dollar to gold, that was the paradigm shift that sealed gold's fate in my mind. 

Quote from: Flexacon on June 16, 2021, 07:49:30 AM
I can see Mr Anabolic cracking his knuckles, fingers hovering over his keyboard

I am patiently awaiting his triumphant return to the battlegrounds. While his views might be a tad extreme at times, the market is certainly behaving in his favor.

I see him moonwalking in to this little piece:



"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 17, 2021, 07:44:15 AM
Panama to Present Crypto-Related Bill in July


Following El Salvador, opposition politician Gabriel Silva says he is seeking consensus to make cryptocurrency legal tender in Panama.


Next month, Panamanian congressman Gabriel Silva plans to present a bill that could potentially spearhead the adoption of cryptocurrencies as legal tender and create tax incentives for crypto-related businesses.

After El Salvador’s president, Nayib Bukele, announced he was proposing a law to make bitcoin (BTC, -1.05%) legal tender, Silva tweeted on June 7 that if Panama wanted to become a true hub of technology and entrepreneurship, it should also support cryptocurrencies.

“I found El Salvador’s project positive, ambitious, interesting and with good acceptance,” Silva said, adding that he seeks to adapt that project to the reality of Panama and constitute a “positive competition.”

This month Silva and his team will now gather comments from different parties, including lawyers, bitcoin users, crypto-related companies and government officials, the lawmaker told CoinDesk. Panama is the latest Latin American nation to debate cryptocurrencies, joining Paraguay and El Salvador, which recognized bitcoin as legal tender earlier this month.

Silva did not disclose further details about the bill’s specifics, but he said he would define its content after talks with stakeholders.

Panama’s current constitution prohibits the government from mandating only certain currencies as legal tender, Silva said, which could facilitate the incorporation of bitcoin as a currency.

https://www.coindesk.com/panama-to-present-crypto-related-bill-in-july
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on June 17, 2021, 08:16:02 AM
That's a not a good thing about Microstrategy buying and holding.  You want trading to drive up price, not hoarders who are just holding on and not letting go.  they aren't helping.  Sure sure, supply and demand etc... but these big holders will crash the value once it reaches whatever target they are waiting to hit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on June 17, 2021, 08:56:52 AM
Quote from: polychronopolous on June 17, 2021, 07:44:15 AM
Panama to Present Crypto-Related Bill in July

Although extremely premature to state, I think these could be the initial steps we will refer back to when describing the initial demise of the world central banks. Yes, El Salvador and Panamá are small in the grand scheme of things, but 2 South American countries can set a trend that slowly leads to the majority of South American countries integrating cryptocurrencies into their economies. A strong wave of decentralization can occur starting in South America. This wave can then follow in the continent of Africa along with all its nation states. Then, possibilities are endless.

Granted, while all of this is possible, I did just read that the World Bank said it can't assist El Salvador with the implementation of Bitcoin given its environmental and transparency shortcomings.

So we'll see..

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on June 17, 2021, 09:12:58 AM
Panama, El Salvador?

Banana republics going in for bitcoin is a real confidence booster.

That's definitely a plus.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 17, 2021, 09:26:14 AM
Quote from: IroNat on June 17, 2021, 09:12:58 AM
Panama, El Salvador?

Banana republics going in for bitcoin is a real confidence booster.

That's definitely a plus.


(https://preview.redd.it/dr8egpxt1l571.jpg?auto=webp&s=518b210d3c9900ab7aeb85b2b94f8a43fcd7d35f)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on June 17, 2021, 09:27:55 AM
Quote from: IroNat on June 17, 2021, 09:12:58 AM
Panama, El Salvador?

Banana republics going in for bitcoin is a real confidence booster.

That's definitely a plus.
Those countries will sink even lower if they depend on crypto.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Coffeed on June 17, 2021, 10:46:45 AM
Don't they say crypto can mostly buy black market shit right now? Seems to play right into Panama's strength.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on June 17, 2021, 11:10:00 AM
sell your house and all in, guys
the getbigger's wealth myth will become a reality for each of us !
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 17, 2021, 12:00:53 PM
Quote from: Mayday on June 16, 2021, 10:00:01 PM
The question is going to be whether they gun for Saylor. What if that 500M he raised is to protect his share price? Everyone assumes it’s for BTC but if BTC price gets dumped hard they’re gunna short his stock into the ground and he has a duty to shareholders, not just his Bitcoin fantasy…….

Quote from: Theoak* on June 17, 2021, 02:54:42 AM
Im going to play devils advocate. 600m senior secured notes raised due by 2028 at 6.128%.  Do you think btc wont perform at 6.128% a year by 2028? I expect  hedge funds to load up at a nice premium via MSTR.

In my world "the main players" in crypto are institutions, mostly hedge funds. This part of Theoaks post makes me think maybe hedge funds might be working with Saylor and not gunning for him.

Hedge funds have very little to gain now by being directly involved in crypto, so what's the next best thing for them. Exactly what Theoak said.

Looking back at the 13F filings for the previous quarter I'd say the hedge funds where pretty bullish on MSTR. The next set of filings could tell us a lot about which way the market goes. Might be too late by then though, but it least we'll know a bit more going fowards.

Just to add, I keep making jokes about Saylor buying at the top market. Remember May 12th. Saylor bought a bunch of Bitcoin at the top and then Elon tweeted about Tesla exiting the market because of environmental concerns. Bitcoin took a massive dump supposedly because of Elon tweets, but guess what was due to happen on the 13th May.
One of the biggest hedgefunds in the world was due to take a liquidity stress test and they were told a week earlier that they could no longer use crypto for liquidity. If they had substantial crypto holdings they had a week to move it. Coincidence there was a huge sell off the day before their liquidity test and right after Saylor was done pumping BTC ?

It wasn't Elon that caused that crash, it was a hedge fund! (Musk was just used to provide a smokescreen for the crash) The timeline of it all makes a damn good case to suggest Saylor, Elon and the hedgefunds are working together to manipulate the market.

Also remember the 4chan "insider" posts who knew the exact time and date (probably just a guy at the hedge fund who knew about the sell off and wanted to have fun trolling 4chan) and people saying the sell off actually started just before Elons tweet. Getting tin foily now, but fuck it all lines up!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 17, 2021, 12:11:33 PM
National Republican Congressional Committee begins accepting cryptocurrency campaign donations


The NRCC is the first national party committee to begin accepting cryptocurrency for campaign contributions


The National Republican Congressional Committee, the financing arm for House Republicans, will become the first national party committee to begin accepting cryptocurrency for campaign contributions.

"The NRCC is proud to lead the charge in accepting cryptocurrency campaign contributions," NRCC Chairman and Republican Minnesota Congressman Tom Emmer said in a statement. "We are focused on pursuing every avenue possible to further our mission of stopping Nancy Pelosi’s socialist agenda and retaking the House majority, and this innovative technology will help provide Republicans the resources we need to succeed."

The NRCC will accept cryptocurrency contributions using payment service Bitpay, which will convert the donations into dollars prior to landing in the organization's account.

https://www.foxbusiness.com/politics/nrcc-cryptocurrency-donations
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Tennisballz on June 17, 2021, 04:57:52 PM
Quote from: French on June 17, 2021, 11:10:00 AM
sell your house and all in, guys
the getbigger's wealth myth will become a reality for each of us !
there has to be at minimum, 6 testicles in that photo for it to be a getbiggers reality.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 17, 2021, 07:20:20 PM
Quote from: Flexacon on June 17, 2021, 12:00:53 PM
In my world "the main players" in crypto are institutions, mostly hedge funds. This part of Theoaks post makes me think maybe hedge funds might be working with Saylor and not gunning for him.

Hedge funds have very little to gain now by being directly involved in crypto, so what's the next best thing for them. Exactly what Theoak said.

Looking back at the 13F filings for the previous quarter I'd say the hedge funds where pretty bullish on MSTR. The next set of filings could tell us a lot about which way the market goes. Might be too late by then though, but it least we'll know a bit more going fowards.

It wasn't Elon that caused that crash, it was a hedge fund! (Musk was just used to provide a smokescreen for the crash) The timeline of it all makes a damn good case to suggest Saylor, Elon and the hedgefunds are working together to manipulate the market.

Also remember the 4chan "insider" posts who knew the exact time and date (probably just a guy at the hedge fund who knew about the sell off and wanted to have fun trolling 4chan) and people saying the sell off actually started just before Elons tweet. Getting tin foily now, but fuck it all lines up!

Pretty interesting for sure. I think we can safely say Elon knew about the 19,500 coins to be dumped. 3rd richest man has friends for sure.

Agree hedge funds run it now. Recent market movements show algos are running BTC alongside the market.

MSTR recent bond is 6% return backed by BTC holdings. It's a sick deal! He can sell BTC to cover the cost if need be and that's where it gets interesting. MSTR lost money last year so lets imagine price goes south and to cover his new 6% bond payments he needs to sell some of his BTC, arguably in this scenario the price would be much lower than now. Therefore his BTC holdings go down (along with the HODL argument), the BTC he has is linked to his share price, share price is linked to his initial 2 convertible bond buyers...... see where i'm coming from?

It's a unicorn scenario pondering for fun is all but i think people dismiss risk to quickly.

Regarding today i'm not bullish because retail are the buyers of last resort -->Institutions bought at 10k --> Price did 6x in 6mths with retail FOMO --> Mean reversion (today) --> institutions buy (back to square one) --> retail FOMO --> mean reversion --> institutions buy and so on and so forth......

What people are expecting right now is Institutions bought at 10k --> Price did 6x in 6mths with retail FOMO --> Institutional/country FOMO to 300k --> Mean reversion
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 17, 2021, 08:07:09 PM
Quote from: Coffeed on June 17, 2021, 10:46:45 AM
Don't they say crypto can mostly buy black market shit right now? Seems to play right into Panama's strength.

BTC can buy any kind of shit. both black market and otherwise. All dependent on who is prepared to accept it. Same applies with gold. Same applies with fait money such as the USD.

But, having a currency that INCREASES in value, (as opposed to DECREASES), play's into the strengths of anyone who hold it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 17, 2021, 08:24:10 PM
Quote from: Mayday on June 17, 2021, 07:20:20 PM
Pretty interesting for sure. I think we can safely say Elon knew about the 19,500 coins to be dumped. 3rd richest man has friends for sure.

Agree hedge funds run it now. Recent market movements show algos are running BTC alongside the market.

MSTR recent bond is 6% return backed by BTC holdings. It's a sick deal! He can sell BTC to cover the cost if need be and that's where it gets interesting. MSTR lost money last year so lets imagine price goes south and to cover his new 6% bond payments he needs to sell some of his BTC, arguably in this scenario the price would be much lower than now. Therefore his BTC holdings go down (along with the HODL argument), the BTC he has is linked to his share price, share price is linked to his initial 2 convertible bond buyers...... see where i'm coming from?

It's a unicorn scenario pondering for fun is all but i think people dismiss risk to quickly.

Regarding today i'm not bullish because retail are the buyers of last resort -->Institutions bought at 10k --> Price did 6x in 6mths with retail FOMO --> Mean reversion (today) --> institutions buy (back to square one) --> retail FOMO --> mean reversion --> institutions buy and so on and so forth......

What people are expecting right now is Institutions bought at 10k --> Price did 6x in 6mths with retail FOMO --> Institutional/country FOMO to 300k --> Mean reversion

Saylor is on a Win/Win/lose course.  Perhaps he has some knowledge  that the upcoming ETFs will be denied and still years away from  approval. Converts Microstrategy into a perceived ETF. Hedge funds come in via MSTR. Thats a win.

ETFs are approved, btc shoots up. MS is now the proud owner of 122k BTC at a blended rate of 24k. Thats a win.

BTC takes a dump, breaking all models before it drops below 15k. His shareholders abandon ship.... temporarily. Thats a lose.

Im having a hard time believing this is all just a gamble, If im dealing with that kind of money and reputation I want assurances...these big boys all play together.  Billionaires  have it all at their disposal.

If 1 in 2 of these  wins happens....this is absolutely financial advice

SOMEPARTS - take out a loan against your 1991 Honda Civic and go all in btc

HumbleNarcissist - pull out the equity from your mothers basement and go all in btc.

IronNat - dont go anywhere near a btc wallet, mostly likey youll  give up your private keys within  the first week. Buy MSTR stock and save the webpage in your browser.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 18, 2021, 05:07:27 AM
Quote from: Mayday on June 17, 2021, 07:20:20 PM


What people are expecting right now is Institutions bought at 10k --> Price did 6x in 6mths with retail FOMO --> Institutional/country FOMO to 300k --> Mean reversion

To be fair I thought the same thing a month or 2 back (just a 100K not 300K)

For whatever reason the SEC passed a raft of measures in April/May to cock block hedgefunds. I'm guessing they saw retail fomoing, a huge bubble forming and it all ending in tears for retail. Not just crypto losses, but money just completely vanishing.

People need to look more into tether and the potential carnage it could cause. This is great video
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 18, 2021, 05:14:45 AM
Quote from: Theoak* on June 17, 2021, 08:24:10 PM
Saylor is on a Win/Win/lose course.  Perhaps he has some knowledge  that the upcoming ETFs will be denied and still years away from  approval. Converts Microstrategy into a perceived ETF. Hedge funds come in via MSTR. Thats a win.

ETFs are approved, btc shoots up. MS is now the proud owner of 122k BTC at a blended rate of 24k. Thats a win.

BTC takes a dump, breaking all models before it drops below 15k. His shareholders abandon ship.... temporarily. Thats a lose.

Im having a hard time believing this is all just a gamble, If im dealing with that kind of money and reputation I want assurances...these big boys all play together.  Billionaires  have it all at their disposal.

If 1 in 2 of these  wins happens....this is absolutely financial advice

SOMEPARTS - take out a loan against your 1991 Honda Civic and go all in btc

HumbleNarcissist - pull out the equity from your mothers basement and go all in btc.

IronNat - dont go anywhere near a btc wallet, mostly likey youll  give up your private keys within  the first week. Buy MSTR stock and save the webpage in your browser.

I'm gonna sit this round out, at the very least for a month or 2, but not gonna lie I'm getting pretty bullish on bitcoin long term. Not so much because of maxi hodl principles, but because hedgefunds are involved. You don't bet against some of the smartest and wealthiest people out there who have their tentacles in everything. For all we know they could be Satoshi Nakamoto
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 18, 2021, 06:16:35 AM
Miami mayor offers city's clean nuclear power to Chinese Bitcoin miners

Mayor Francis Suarez wants to make Miami a Bitcoin mining hub by offering the city’s cheap, clean nuclear energy supply.

With Bitcoin (BTC) mining concentration expanding in North America, Miami mayor Francis Suarez is looking to position his city as a hub for crypto mining activity.

Speaking to CNBC on Thursday, Mayor Suarez said he is inviting foreign mining companies to consider establishing data centers in the city.

According to Suarez, Miami’s ample nuclear electricity supply should attract Bitcoin miners looking to adopt clean energy sources for their operations, especially amid the current spotlight on the supposed carbon footprint of crypto mining.

Mayor Suarez has previously weighed in on the issue claiming back in March that 90% of Bitcoin mining was from “dirty energy.”

At the time, the Miami mayor argued that a shift in mining concentration to the United States may help to ease environmental concerns.

As part of efforts to attract overseas Bitcoin miners, Mayor Suarez stated that city officials were looking to reduce the cost of energy in conjunction with the power companies. Other incentives like favorable taxes and minimal regulations are also on the table, according to the Miami mayor.

By using cheap, clean energy and crypto-friendly regulations, Miami may compete with other emerging mining destinations in Texas and Wyoming.

The plan may also further expand Miami’s crypto adoption drive with the city looking to become the Bitcoin and crypto capital of the world.

Mayor Suarez is himself a crypto proponent and has said previously that he owns both Bitcoin and Ether (ETH). As previously reported by Cointelegraph, the Miami mayor bought BTC after Congress passed the $1.9 trillion stimulus bill back in March.

Suarez’s open invitation to overseas miners is also coming at a time of increasing clampdowns on crypto mining by Chinese authorities. On Friday, reports emerged that crypto miners in Ya’an, a city in the Sichuan Province, have been ordered to shut down their operations.

With anti-crypto mining sentiments seemingly prevalent among authorities in Beijing, friendlier climes like Miami may prove attractive to miners leaving China. Indeed, some miners are already considering plans to leave the country with a spokesperson for BTC.top telling Cointelegraph, “Yes, we want to go overseas.”

https://cointelegraph.com/news/miami-mayor-offers-city-s-clean-nuclear-power-to-chinese-bitcoin-miners
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 18, 2021, 07:48:13 AM
Quote from: Flexacon on June 18, 2021, 05:07:27 AM
To be fair I thought the same thing a month or 2 back (just a 100K not 300K)

For whatever reason the SEC passed a raft of measures in April/May to cock block hedgefunds. I'm guessing they saw retail fomoing, a huge bubble forming and it all ending in tears for retail. Not just crypto losses, but money just completely vanishing.

People need to look more into tether and the potential carnage it could cause. This is great video


This would be the only way id feel we drop below previous ATH (20k). Tether accounts for 9% of tge market cap and not all is in btc. Definate shenanigans, to what extent though....


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on June 18, 2021, 09:34:57 AM
Quote from: Theoak* on June 17, 2021, 08:24:10 PM

IronNat - dont go anywhere near a btc wallet, mostly likey youll  give up your private keys within  the first week. Buy MSTR stock and save the webpage in your browser.

I'm too timid and afraid so I will take your advices.  Thank you!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 18, 2021, 09:59:27 AM
Paraguayan Official Confirms: In July We Legislate Bitcoin


After hinting at potential cryptocurrency legislation last week, a Paraguayan official has confirmed that the rule is coming in July.


Paraguay’s Deputy of the Nation, Carlos Antonio Rejala Helman, has confirmed that new legislation in regards to Bitcoin will arrive in July. This comes amid growing adoption in Latin America led by El Salvador, which could be followed by Panama as well.

CryptoPotato reported last week when Rejala Helman said his country planned to start working on an “important project” that included Bitcoin and PayPal

Although he provided little-to-no information at the time about the precise nature of the project, the official confirmed it’s coming in a more recent tweet.
 
Commenting on news indicating that one of Paraguay’s largest entertainment organizations has started to accept various digital assets, Rejala Helman emphatically asserted, “This is Paraguay. July we legislate! #Bitcoin.”
 
This comes shortly after Gabriel Silva, a Panamanian congressman, laid out plans to present a bill on cryptocurrency adoption as a legal tender as well.
 
He believes Panama should not trail other nations from the region that have already taken steps to legalize Bitcoin.
 
Naturally, he meant El Salvador. The small country located in Central America has been the leader in terms of BTC adoption.
 
As reported recently, the nation officially voted in favor of a new rule making Bitcoin a legal tender within its borders. El Salvador’s President, Nayib Bukele, further outlined his support for the asset and even urged miners to mine BTC with the thermal energy of the country’s volcanoes.

https://cryptopotato.com/paraguayan-official-confirms-in-july-we-legislate-bitcoin/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 18, 2021, 09:40:06 PM
Yesterday:
BTC long coins down 2.7% (47k coins long)
BTC short coins down 12% (22k coins short)

A mountain of shorts closed in yesterday’s market sell off action meanwhile Longs basically didn’t flinch.

2/3 of the total longs are underwater on price (36k+) and opened during the retail FOMO phase from February onwards. This doesn’t mean they are in distress but you just have to be aware.


Friday’s Fed meeting was a deflationary event trigger and the USD is responding as a result. This means recent inflation will unwind for a period.

Chart is DXY performance, note the 2 downswings correlate with 2017 and 20-21 BTC bullruns. Target is 0.98 which history says might be 3 months or so to stabilise that level. From there we need to see what QE packages get pumped in to reverse direction which will take time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Jakobslander on June 19, 2021, 03:47:00 AM
Quote from: Flexacon on June 17, 2021, 12:00:53 PM
It wasn't Elon that caused that crash, it was a hedge fund! (Musk was just used to provide a smokescreen for the crash) The timeline of it all makes a damn good case to suggest Saylor, Elon and the hedgefunds are working together to manipulate the market.

What caused the current drop from the top to where we are now is Coinbase going public. As usual, there was a plethora of media hit jobs telling people to look at the pie in the sky and, sure enough, Real Money took the price where it wanted it because they have access to a lot of money and knowledge of where price/limit stop pools are. They can literally price-crash BTC to wherever they want.   

Secondly, there is the Damocles sword of the Mt. Gox coins, which are STILL hitting the market. Especially Japanese whales, whom, due to legal constraints in Japan, cannot private-place the coins and must dump them in the market in a specified time period. It is OBVIOUSLY clear that some of the Japanese whales bought the stolen BTC from the Russian dude that hacked Mt. Gox and are selling on the hush-hush.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Jakobslander on June 19, 2021, 03:58:26 AM
Quote from: Mayday on June 18, 2021, 09:40:06 PM
Friday’s Fed meeting was a deflationary event trigger and the USD is responding as a result. This means recent inflation will unwind for a period.

Chart is DXY performance, note the 2 downswings correlate with 2017 and 20-21 BTC bullruns. Target is 0.98 which history says might be 3 months or so to stabilise that level. From there we need to see what QE packages get pumped in to reverse direction which will take time.

DXY is on a "dead cat bounce." IF it clears 93.50 we can then reassess but, as of right now, there is no deflationary risk. Another clue is that everyone and their mothers-in-law is expecting another deflationary shock, hence it won't happen. Powers-that-be will take the DXY into the mid 80s if they need to. 

Lots of people being shown the precipice, lots of fear mongering, both on the USD front, the equity markets as well as cryptos. That, to me, is a sign that Big Money is looking to take everything higher. The next economic retracement isn't going to be a recession, it's going to be a nasty depression and the markets are going to go to really stupid levels before the house of cards comes down. I believe, from an EW standpoint, we're on an extended wave 5 of 5 of 5 of 5 of 5. "Toppy" isn't the word, it's what comes next.

My two cents. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Jakobslander on June 19, 2021, 04:09:55 AM
Quote from: Theoak* on June 17, 2021, 08:24:10 PM
Saylor is on a Win/Win/lose course.  Perhaps he has some knowledge  that the upcoming ETFs will be denied and still years away from  approval. Converts Microstrategy into a perceived ETF. Hedge funds come in via MSTR. Thats a win.

ETFs are approved, btc shoots up. MS is now the proud owner of 122k BTC at a blended rate of 24k. Thats a win.

BTC takes a dump, breaking all models before it drops below 15k. His shareholders abandon ship.... temporarily. Thats a lose.ock and save the webpage in your browser.

The ETF will happen very soon. The SEC is getting daily calls from Big Money asking them to get their shit together. We have multiple foreign ETFs in place and, not having one in the US, makes the SEC look extremely inefficient. I think the ones that are closest to one getting approved are the Grayscale folks. Their OTC product is trading at a discount (!!!) and, rumor has it, applied PRIVATELY to turn their BTC and ETH products into ETFs. Next in line will be the Winklevoss' ETF and then everybody else.

Again, the SEC is under extreme pressure to get this approved very soon. Lots of money going to foreign funds. Uncle Sam no like that. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 19, 2021, 12:58:45 PM
Quote from: Jakobslander on June 19, 2021, 03:47:00 AM
What caused the current drop from the top to where we are now is Coinbase going public. As usual, there was a plethora of media hit jobs telling people to look at the pie in the sky and, sure enough, Real Money took the price where it wanted it because they have access to a lot of money and knowledge of where price/limit stop pools are. They can literally price-crash BTC to wherever they want.   

Secondly, there is the Damocles sword of the Mt. Gox coins, which are STILL hitting the market. Especially Japanese whales, whom, due to legal constraints in Japan, cannot private-place the coins and must dump them in the market in a specified time period. It is OBVIOUSLY clear that some of the Japanese whales bought the stolen BTC from the Russian dude that hacked Mt. Gox and are selling on the hush-hush.

I can see the coinbase angle as BTC hit ATH around then, but I still think there is more to it.

These points can all easily be verified

May 4th the SEC dropped that crypto could no longer used by hedgefunds to pass liquidity tests. So what happens if hedgefunds had staked coins in defi? Projects like uniswap and pancakeswap would start dumping due to hedgefunds removing their staked coins. That's exactly what started happening early May.

May 12th ETH hits an all time high and then dumps. As mentioned earlier May 13th was a liquidity stress test for a giant hedefund and crypto holdings don't help them anymore. Another coincidence?

Tether also shows the movement of money corresponding to all this.

The coinbase, MtGox angles will without doubt effect the price of BTC, but it looks like the SEC shut the game down (for now)

To me it's looking like some hedgefunds and possibly banks will hit the shitter soon, (the archegos/credit suisse stuff is just the tip of the iceberg) so everything is being reigned in and tightened up to avoid too much collateral damage. Once that's done and their assets are picked clean by the likes of BlackRock, I expect all the crazy bubbles to resume.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 19, 2021, 04:48:08 PM
Quote from: Jakobslander on June 19, 2021, 03:58:26 AM
DXY is on a "dead cat bounce." IF it clears 93.50 we can then reassess but, as of right now, there is no deflationary risk. Another clue is that everyone and their mothers-in-law is expecting another deflationary shock, hence it won't happen. Powers-that-be will take the DXY into the mid 80s if they need to. 

Lots of people being shown the precipice, lots of fear mongering, both on the USD front, the equity markets as well as cryptos. That, to me, is a sign that Big Money is looking to take everything higher. The next economic retracement isn't going to be a recession, it's going to be a nasty depression and the markets are going to go to really stupid levels before the house of cards comes down. I believe, from an EW standpoint, we're on an extended wave 5 of 5 of 5 of 5 of 5. "Toppy" isn't the word, it's what comes next.

My two cents.

I should clarify when I say deflationary event i mean anything from small-large, essentially a sell off event of some kind which relates across many segments. I’m not saying this is a biblical crash by any means.

The problem with your theory is the banks just put a record 0.8T of cash back in with the Fed to earn interest.

JPM and others have also said they are hoarding cash. A stack of the QE isn’t entering the market and instead is being held back in cash therefore big money isn’t looking to take the market to take it higher, they see the markets are at risk due to extreme high PE ratios and parabolic nature of some commodities (eg lumber) which ironically they caused.

It’s a good example of why QE is not the answer. All they did was cause cost push inflation when what they want is demand pull inflation. We have just seen a point where even with free money, banks lose confidence in the market and begin hoarding cash.

It might be June/July for things to work itself out.

Regarding crypto, All they needed to do was get it to 42.2k and at that point a wave of liquidity enters (massive order book above 42k). It’d go straight to 47k, instant 15% gain if they get it there. This is no secret, instant riches!!!!  We know the cash is there to do it. institutions are loaded to the eyeballs with cash yet just like the rest of the market they don’t want to put it into the system and this includes crypto.

Flex gave me good advice. Be more retarded. It truly is as simple as this:

Retail buyers are the bag holders of last resort. Institutions do not FOMO over the top of a retail FOMO.

We go down until retail is rug pulled and squeezed out.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on June 20, 2021, 12:10:11 AM
Ethereum classic is down around 70% from its peak a few months ago.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 20, 2021, 03:02:38 AM
Quote from: FitnessFrenzy on June 20, 2021, 12:10:11 AM
Ethereum classic is down around 70% from its peak a few months ago.

Almost all alts will fade to zero, leaving only a handful of lats remaining. Safest risk vs reward approach is BTC to the MAX, then HODL. If we all collectively adopt the same approach, we all will succeed.

Also, if you look at nations adopting cypto, look at what they are sticking with. Its Bitcoin (obviously) and nothing else. El Salvador started, and many more will follow.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 20, 2021, 05:27:05 AM
Here is something for anyone interested in bitcoin to ponder.

Is the value of bitcoin the digital ‘scarcity’ or is the value of bitcoin the energy input?


I’m happy to answer any questions but outside of that, this is my last post.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 20, 2021, 07:54:07 AM
Quote from: Mayday on June 20, 2021, 05:27:05 AM
Here is something for anyone interested in bitcoin to ponder.

Is the value of bitcoin the digital ‘scarcity’ or is the value of bitcoin the energy input?


I’m happy to answer any questions but outside of that, this is my last post.


Neither. It's first mover advantage plus viral FOMO.

The energy is wasted, not stored. Elon has shone a light on that.

Don't even get me started on scarcity, haha.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 20, 2021, 08:30:32 AM
Cryptocurrency payments coming to some Texas H-E-B stores


AUSTIN (KXAN) — Cryptocurrencies like Bitcoin, Ethereum, Litecoin and Dogecoin, the meme-originated favorite of Elon Musk, will soon be options for payment at some H-E-B grocery stores in Texas.

The Houston Chronicle reports currency provider Coin Cloud will soon begin placing kiosks in several stores where customers will both be able to make purchases using the digital currency, but will also be able to purchase more coins.

An H-E-B representative told Houston Chronicle the pilot program will start in 29 Houston-area stores. The machines will also be Coin Cloud’s 2,00th machine.

Worldwide, more and more businesses are starting to embrace cryptocurrencies like Bitcoin, which is the most popular. Currently, 1 Bitcoin equals about $36,120.20 in U.S. dollars. Second most popular is Ethereum: 1 Ether currently equals $2,225.98 U.S. dollars.

Despite their surging popularity, many investors and experts still lack faith in them as long-term investments, citing volatility and uncertainty around value retention.

 https://www.kxan.com/news/business/cryptocurrency-payments-coming-to-some-texas-h-e-b-stores/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on June 20, 2021, 11:06:55 AM
These companies are accepting crypto knowing almost no one will buy using crypto.  For any crypto currency the company gets will just be stored up hoping it goes up big again.

Why would any crypto investor use it to buy anything?  You could end up paying 1000X what the original cost of the product was.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 20, 2021, 11:09:24 AM
Quote from: Humble Narcissist on June 20, 2021, 11:06:55 AM
These companies are accepting crypto knowing almost no one will buy using crypto.  For any crypto currency the company gets will just be stored up hoping it goes up big again.

Why would any crypto investor use it to buy anything?  You could end up paying 1000X what the original cost of the product was.

You forgot to add the big one. FREE ADVERTISING!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on June 20, 2021, 11:11:06 AM
Quote from: Flexacon on June 20, 2021, 11:09:24 AM
You forgot to add the big one. FREE ADVERTISING!
True.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 20, 2021, 01:30:07 PM
Quote from: French on June 17, 2021, 11:10:00 AM
sell your house and all in, guys
the getbigger's wealth myth will become a reality for each of us !
(http://www.getbig.com/boards/index.php?action=dlattach;topic=574601.0;attach=1308955;image)


We're becoming bag holding baggage boys?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on June 20, 2021, 07:06:05 PM
When I buy my Lambo I'm not letting any of you no-coiners ride in it.

(https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fmedia2.giphy.com%2Fmedia%2FRo6bzW9q9Bttu%2F200.gif&f=1&nofb=1)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 20, 2021, 07:30:35 PM
Quote from: Pray_4_War on June 20, 2021, 07:06:05 PM
When I buy my Lambo I'm not letting any of you no-coiners ride in it.

(https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fmedia2.giphy.com%2Fmedia%2FRo6bzW9q9Bttu%2F200.gif&f=1&nofb=1)

Official car of btc whales.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 20, 2021, 08:35:10 PM
Quote from: Humble Narcissist on June 20, 2021, 11:06:55 AM
These companies are accepting crypto knowing almost no one will buy using crypto.  For any crypto currency the company gets will just be stored up hoping it goes up big again.

Why would any crypto investor use it to buy anything?  You could end up paying 1000X what the original cost of the product was.

Would you rather accept a currency that loses value over time (ie the USD) one that gains over time (ie BTC)? Provided you can manage your short term cashflow, the answer should be obvious...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 20, 2021, 10:11:21 PM
Quote from: gib on June 20, 2021, 08:35:10 PM
Would you rather accept a currency that loses value over time (ie the USD) one that gains over time (ie BTC)? Provided you can manage your short term cashflow, the answer should be obvious...

He basically admitted crypto could go up 1000x from here.....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on June 21, 2021, 03:29:43 AM
Quote from: gib on June 20, 2021, 08:35:10 PM
Would you rather accept a currency that loses value over time (ie the USD) one that gains over time (ie BTC)? Provided you can manage your short term cashflow, the answer should be obvious...
Reading comprehension.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 21, 2021, 06:00:33 AM
Crypto could be a tool for "Pareto's Foxes" in a ZIRP world.

The moneychangers must have their shell game.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on June 21, 2021, 06:22:01 AM
Thread title looking realistic now lol.

I'm hoping it completely crashes again so I can get in for the next pump.

Even at this point it's a bit of a silly investment unless you have a big amount of play money like our getbig whales. It's too much risk just to double or triple your money.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 21, 2021, 09:27:50 AM
Quote from: a_pupil on June 21, 2021, 06:22:01 AM
Thread title looking realistic now lol.

I'm hoping it completely crashes again so I can get in for the next pump.

Even at this point it's a bit of a silly investment unless you have a big amount of play money like our getbig whales. It's too much risk just to double or triple your money.

omg you crypto trading wizards are going to make so much money it's going to be so badass
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Soul Crusher on June 21, 2021, 09:32:39 AM
http://www.cnbc.com/2021/06/21/cramer-sold-almost-all-of-his-bitcoin-fears-china-is-over-crypto.html

 :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on June 21, 2021, 09:42:56 AM
this ponzi scheme is hitting its end
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 21, 2021, 10:30:07 AM
Quote from: El Diablo Blanco on June 21, 2021, 09:42:56 AM
this ponzi scheme is hitting its end

(https://i.imgflip.com/3mxga7.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on June 21, 2021, 10:55:53 AM
Quote from: a_pupil on June 21, 2021, 09:54:46 AM
The nigerian princes and El Salvadoran peasants will save us lol
It's probably a Nigerian prince who created bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 21, 2021, 11:34:07 AM
Quote from: polychronopolous on June 21, 2021, 09:27:50 AM
omg you crypto trading wizards are going to make so much money it's going to be so badass

Here's some Wizardry for you..

Posted on Thursday when BTC was 40K..

Quote from: Flexacon on June 17, 2021, 03:49:08 AM
I'm gonna menstruate. It's quad witching day tomorrow. I'm expecting a 25% BTC dump very soon.

Meanwhile here's you on the phone to your Nigerian Prince

(https://beautifulrailwaybridgeofthesilverytay.files.wordpress.com/2013/04/gollum.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 21, 2021, 12:24:30 PM
Quote from: Flexacon on June 21, 2021, 11:34:07 AM
Here's some Wizardry for you..

Posted on Thursday when BTC was 40K..

Meanwhile here's you on the phone to your Nigerian Prince

(https://beautifulrailwaybridgeofthesilverytay.files.wordpress.com/2013/04/gollum.jpg)

Okay Mr. "Hot Stuff", go ahead and predict the winner of tomorrow nights Clippers vs. Suns NBA playoff basketball game while you're at it.

And the proof will be in the pudding on your prediction when we all go out Wednesday morning and pick up our respective newspapers.

Long time holders of btc who understand the fundamentals do not get caught up in short term price fluctuations. We are looking decades into the future.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 21, 2021, 12:45:26 PM
Sotheby's to accept crypto payments for rare diamond auction

(https://www.tbstat.com/cdn-cgi/image/q=80/wp/uploads/2021/06/20210621_Sothebys_Diamond_Collectible-1200x675.png)

Luxury auction house Sotheby’s is accepting crypto payments for its rare, 101-carat diamond auction sale.

The sale, hosted by Sotheby’s Hong Kong, will go live on July 9. Buyers have the option of paying in ether or bitcoin.


Remember that age-old saying about diamonds being a girl's best friend?

Luxury auction house Sotheby's might just flip that notion over its head because it's auctioning off a 101-carat diamond to just about anybody, provided you have as much as $15 million dollars – be it in ether, bitcoin or traditional currency – to spare.

That's the price the auction house estimates its "101.38-carat pear-shaped flawless diamond" will fetch in an auction it is hosting early next month.

According to Sotheby's, this is the first time a physical object this valuable will ever be publicly offered for purchase with cryptocurrency.

100-carat diamonds are considered extremely rare, particularly those that are pear-shaped. This diamond, which Sotheby's is calling "The Key 10138," is the second-largest pear-shaped diamond to appear on the public market.

The diamond will be auctioned off in a single-lot live sale at Sotheby's Hong Kong on July 9. The gem will be on public display at Sotheby's Hong Kong gallery for one week leading up to the auction.

Chairman of Sotheby’s Asia Patti Wong called the upcoming sale a "truly symbolic moment."

https://www.theblockcrypto.com/post/109136/sothebys-diamond-auction-bitcoin-ether
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on June 21, 2021, 12:46:25 PM
most cryptos getting hammered right now!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 21, 2021, 12:58:24 PM
Quote from: polychronopolous on June 21, 2021, 12:24:30 PM
Okay Mr. "Hot Stuff", go ahead and predict the winner of tomorrow nights Clippers vs. Suns NBA playoff basketball game while you're at it.

And the proof will be in the pudding on your prediction when we all go out Wednesday morning and pick up our respective newspapers.

Long time holders of btc who understand the fundamentals do not get caught up in short term price fluctuations. We are looking decades into the future.

LMAO. I was a sports trader for a betting company for 10 years. I'M better equipped than anyone on here to tell you there is a huge difference between the 2. Like I told you before, just because you can't figure out how to do it, doesn't mean others cant.

More wizardry for your gollum ass. Look at the date of the post and the market since. LMAO

I'll stick to doing stuff like this....

Quote from: Flexacon on May 24, 2021, 10:40:30 PM
Hate to be that guy, but I don't see the prices going anywhere close to ATH yet.

I expect to see BTC bouncing around 30k to 40k a couple more times. Eth between 1.8k and 3k. Both might go past those ranges, but it will only be briefly. If this pattern plays out I'll buy back in confidently. Until then just buying various alts in the dips.


....and you stick to eating raw fish

(https://lh3.googleusercontent.com/proxy/u9K6iPQeHBzVuB4RE_xCqeRC6yGjdXJsEWmFzk2XPdfYJAsynlBKLbXaWll1Xk2g3aaRhj2xxq4K1q_IwARClBBd2FetVWOl8FQnndYmCxFkyeV05Pf7yDpQKg)


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on June 21, 2021, 02:47:41 PM
I don’t believe in market timing as markets can stay within tight ranges for extended periods but this one just had all the markings of a pump and dump.Guys going on and on about being in it for the long run are just rationalizing holding the bag.

Quote from: Thin Lizzy on March 06, 2021, 06:01:01 PM

Wall Street has always been a casino. Speculative schemes have been going on  before our grandparents were born.

You might be right but it smells like a pump and dump to me. My GUESS is that it eventually crashes AGAIN, goes back into the doldrums, and we don’t hear from the bitcoin bugs for a while.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 21, 2021, 04:02:36 PM
Bevo, did you take any profits from doge? You were up a couple of mil. Doge being decimated  as predicted.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 21, 2021, 04:03:59 PM
Quote from: Flexacon on June 21, 2021, 12:58:24 PM
LMAO. I was a sports trader for a betting company for 10 years. I'M better equipped than anyone on here to tell you there is a huge difference between the 2. Like I told you before, just because you can't figure out how to do it, doesn't mean others cant.

More wizardry for your gollum ass. Look at the date of the post and the market since. LMAO

I'll stick to doing stuff like this....


....and you stick to eating raw fish

(https://lh3.googleusercontent.com/proxy/u9K6iPQeHBzVuB4RE_xCqeRC6yGjdXJsEWmFzk2XPdfYJAsynlBKLbXaWll1Xk2g3aaRhj2xxq4K1q_IwARClBBd2FetVWOl8FQnndYmCxFkyeV05Pf7yDpQKg)

Have you bought back in? BTC is at the lower end of your predicted ranges...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on June 21, 2021, 04:13:16 PM
Why are people acting like Bitcoin hasn't been around for 10 years and hasn't gone through highly volatile ups and downs before?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Coffeed on June 21, 2021, 04:14:10 PM
Quote from: Pray_4_War on June 21, 2021, 04:13:16 PM
Why are people acting like Bitcoin hasn't been around for 10 years and hasn't gone through highly volatile ups and downs before?
The percent of new investors is probably the majority at this point.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 21, 2021, 04:17:33 PM
Quote from: Pray_4_War on June 21, 2021, 04:13:16 PM
Why are people acting like Bitcoin hasn't been around for 10 years and hasn't gone through highly volatile ups and downs before?

Its just the new entrants, like  poly says fundmentals outweigh FUD.  Although  the china FUD has a little bit more sting to it as they're  actually shutting down miners.....this actually benefits BTC long term.  I was never too comfortable about majority miners being in china to begin with.

Whats a bet mining shifts to europe/usa becomes  'greener' our boy Elon tweets  again "Tesla now accepting bitcoin". Hey long shot he might  even start  mining  himself. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on June 21, 2021, 04:25:17 PM
There are no plans to restore any of the buying power that has been stolen from the US dollar.

The plan is for the government to spend more, borrow more, tax more, print more..............and people are calling Bitcoin a scam.

(https://external-content.duckduckgo.com/iu/?u=http%3A%2F%2Fmitvergnuegen.com%2Fwp-content%2Fuploads%2F2014%2F09%2FNot-very-bright.gif&f=1&nofb=1)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 21, 2021, 04:41:08 PM
Quote from: Theoak* on June 21, 2021, 04:03:59 PM
Have you bought back in? BTC is at the lower end of your predicted ranges...

My bags are empty right now, but I bought BTC once and then sold, Alts a couple of times. Once I spotted what was going on with the new SEC crypto rulings and hedgefunds plus banks and ETFS bleeding all I could see was a bear market and prices going lower. Previous cycle peak levels wouldn't be out of the question.

If BTC drops that low and we see a sudden V shape recovery (mid July) then that's when I'll be looking to buy in again, but first I'd also like to see the other markets stop bleeding.

We aren't actually tracing too dissimilarly to the 2013 and 2017 cycles (they also bled between mid June and mid July after bullish runs) so I haven't completely given up on us reaching another ATH within 6 months.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 21, 2021, 07:45:03 PM
Quote from: Flexacon on June 21, 2021, 12:58:24 PM
LMAO. I was a sports trader for a betting company for 10 years. I'M better equipped than anyone on here to tell you there is a huge difference between the 2. Like I told you before, just because you can't figure out how to do it, doesn't mean others cant.

More wizardry for your gollum ass. Look at the date of the post and the market since. LMAO

I'll stick to doing stuff like this....


....and you stick to eating raw fish

]

Quote from: Mayday on March 12, 2020, 08:03:14 PM
Week 1 of a 12+ week crisis and you are signaling it's time to buy, wtf?

Quote from: polychronopolous on March 12, 2020, 08:09:14 PM
It got down to $4100, I pretty much had to.

Let me know when we have truly hit rock bottom and I'll buy some more.

Love buying assets when blood is in the streets.

Quote from: gib on March 12, 2020, 08:25:23 PM
This is the sentiment of a rational (and likely successful) investor.

I can't figure out how to do WHAT exactly?

Here is record of myself at the height of COVID panic calmly stepping up to the window and purchasing what I knew was an EXTREMELY undervalued asset when everyone else is wringing their hands, scared out of their mind in panic mode.

"poly you're out of YOUR mind" they says!

"Societal collapse right around the corner!!!"

But for me, it was just as easy as walking over to the drug store and purchasing a candy bar and an RC cola.

Not a single satoshi has been sold btw.

Quantifiable, undeniable, indisputable and irrefutable proof. Receipts have been presented.

Now your claims on the other hand...

Well let's just say I'm not the only person on here who has begun to raise some doubts about your recent posts ;)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 22, 2021, 02:49:29 AM
Quote from: polychronopolous on June 21, 2021, 07:45:03 PM


Well let's just say I'm not the only person on here who has begun to raise some doubts about your recent posts ;)

Too big of a coward to post it I guess. I'll take a wild guess it's another BTC hodler.

Well lets take a look. You saw your portfolio drop over 50% in the last few months. I sold just after the ETH peak and I am up roughly 15% after that despite that not even being my main goal. I understand your saltiness.

Also let me further add to your saltiness. KYC isn't a thing where I'm registered. Now connect these dots. "Bitcoin is for gamblers"...Sports betting winnings are tax free where I  live... Sports arbitrage is a real thing... How do I avoid paying crypto taxes?

Keep up the saltiness as I  love being asshole. When Btc goes back up eventually I'll be here being asshole laughing at your 300% gains when most of the better ALTS will go up 500% plus.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on June 22, 2021, 05:27:34 AM
😥
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on June 22, 2021, 07:19:15 AM
Now we know what influence China had on Crypto.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on June 22, 2021, 07:29:24 AM
 ;D

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on June 22, 2021, 07:29:30 AM
Quote from: El Diablo Blanco on June 22, 2021, 07:19:15 AM
Now we know what influence China had on Crypto.

(http://media1.tenor.com/images/66b71bdb3a0f40b21353c4449dce19a1/tenor.gif?itemid=13268605)

China are just manipulating the price so that they can buy the dip. Gib's insiders on the ground have corroborated this.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on June 22, 2021, 07:30:01 AM
Plenty of money to be made.....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 22, 2021, 07:52:30 AM
Quote from: Thin Lizzy on June 22, 2021, 05:27:34 AM
😥

Nigeria will save us

(https://i.pinimg.com/originals/76/5c/14/765c14573b5cf3eb85356bb7d369775d.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on June 22, 2021, 08:02:58 AM
Quote from: Flexacon on June 22, 2021, 07:52:30 AM
Nigeria will save us

(https://i.pinimg.com/originals/76/5c/14/765c14573b5cf3eb85356bb7d369775d.jpg)

😂😂

And, of course, a pump and dump wouldn’t be complete without a Cramer sell call AFTER the crash.


Cramer 'sold almost all' of his bitcoin, fears China is over crypto

https://www.cnbc.com/2021/06/21/cramer-sold-almost-all-of-his-bitcoin-fears-china-is-over-crypto.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on June 22, 2021, 10:37:41 AM
Always do the opposite of what Cramer says
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on June 22, 2021, 11:04:21 AM
Quote from: Pray_4_War on June 21, 2021, 04:25:17 PM
There are no plans to restore any of the buying power that has been stolen from the US dollar.

The plan is for the government to spend more, borrow more, tax more, print more..............and people are calling Bitcoin a scam.

(https://external-content.duckduckgo.com/iu/?u=http%3A%2F%2Fmitvergnuegen.com%2Fwp-content%2Fuploads%2F2014%2F09%2FNot-very-bright.gif&f=1&nofb=1)
Two completely different things.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on June 22, 2021, 11:30:36 AM
The whole point of going off the gold standard was because gold couldn’t be devalued. Why would governments adopt something similar?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 22, 2021, 03:43:38 PM
Quote from: Thin Lizzy on June 22, 2021, 11:30:36 AM
The whole point of going off the gold standard was because gold couldn’t be devalued. Why would governments adopt something similar?

Haven't you heard? Gold will soon be useless. Elon is gonna start mining asteroids and will be bringing back tons and tons of gold. You better buy some Bitcoin ASAP!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Coffeed on June 22, 2021, 03:59:35 PM
Quote from: Flexacon on June 22, 2021, 03:43:38 PM
Haven't you heard? Gold will soon be useless. Elon is gonna start mining asteroids and will be bringing back tons and tons of gold. You better buy some Bitcoin ASAP!
I thought it was DOGE?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 22, 2021, 04:08:51 PM
Quote from: Coffeed on June 22, 2021, 03:59:35 PM
I thought it was DOGE?

That's a shitcoin. It will end up at zero like the rest of the shitcoins.

You need to buy bitcoins because it has fundamentals.

Fundamentally speaking you need to buy on top of me, so I can keep on making money. Then we need to convince others to buy on top of us so we can continue making money. Got it? Now laser up!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 22, 2021, 04:31:10 PM
Quote from: Flexacon on June 22, 2021, 04:08:51 PM
That's a shitcoin. It will end up at zero like the rest of the shitcoins.

You need to buy bitcoins because it has fundamentals.

Fundamentally speaking you need to buy on top of me, so I can keep on making money. Then we need to convince others to buy on top of us so we can continue making money. Got it? Now laser up!
And what fundamentals are those? It has a finite supply. So those Zcash - same as Bitcoin. And Zcash is more anonymous. So in theory it would be preferable over Bitcoin?

The only thing Bitcoin has going for it is it was the first crypto. The decentralization argument seems to be untrue as we can see with the miner shutdowns in China. Now they will pick up and move to another nation and become more centralized. You'll have miners in some peanut republic that can have a regime change at the snap of a finger.

The defense that Bitcoin will have sustainable mining but still use a lot of electricity is not as good as one where a proof of stake crypto uses 1% of Bitcoin's electricity. And proof of stake could be more secure if it becomes more decentralized via many staking validators. Bitcoin is only as decentralized as its mining farms allow. If there are 10 or even 1000 massive mining farms it still means that the decentralization is spread over 1000 entities. 100,000 or 1 million staking validators would provide more decentralization.

I am more bullish on Ethereum and Cardano as far as fundamentals go. Look at their percentage returns compared to Bitcoin the past year. Why would I dump $10,000 into Bitcoin when Ethereum and Cardano could offer a bigger return on investment?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 22, 2021, 04:33:20 PM
Quote from: Flexacon on June 22, 2021, 04:08:51 PM
That's a shitcoin. It will end up at zero like the rest of the shitcoins.

You need to buy bitcoins because it has fundamentals.

Fundamentally speaking you need to buy on top of me, so I can keep on making money. Then we need to convince others to buy on top of us so we can continue making money. Got it? Now laser up!
The Bitcoin maximalist approach is no different than the Gold / Peter Schiff maximalist approach.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 22, 2021, 04:36:19 PM
Quote from: OneMoreRep on June 17, 2021, 05:07:15 AM
So Microstrategy will just continue to keep BTC on life support??

What happens why they stop leveraging themselves into the mix? Just seems a bit too sleazy from a market manipulation standpoint.

Saylor will soon have to auction off his kids, donate blood and start sucking dicks for money in order to squeeze out more capital to keep BTC's price up.

Where's Max Keiser during moments like these?



"1"
This is embarrassing / cringe worthy. Keiser is giving Bitcoin a cult vibe. Saylor also with his laser eyes on Twitter. It comes across as being a cult and childish. Who Photoshops laser eyes on their face?!  The crypto market needs people that don't come across as fanatics. Max Keiser is giving perfect ammo for Bitcoin detractors.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 22, 2021, 04:47:50 PM
Quote from: obsidian on June 22, 2021, 04:31:10 PM
And what fundamentals are those? It has a finite supply. So those Zcash - same as Bitcoin. And Zcash is more anonymous. So in theory it would be preferable over Bitcoin?

The only thing Bitcoin has going for it is it was the first crypto. The decentralization argument seems to be untrue as we can see with the miner shutdowns in China. Now they will pick up and move to another nation and become more centralized. You'll have miners in some peanut republic that can have a regime change at the snap of a finger.

The defense that Bitcoin will have sustainable mining but still use a lot of electricity is not as good as one where a proof of stake crypto uses 1% of Bitcoin's electricity. And proof of stake could be more secure if it becomes more decentralized via many staking validators. Bitcoin is only as decentralized as its mining farms allow. If there are 10 or even 1000 massive mining farms it still means that the decentralization is spread over 1000 entities. 100,000 or 1 million staking validators would provide more decentralization.

I am more bullish on Ethereum and Cardano as far as fundamentals go. Look at their percentage returns compared to Bitcoin the past year. Why would I dump $10,000 into Bitcoin when Ethereum and Cardano could offer a bigger return on investment?

No problems with decentralization. The Banana Republics are setting up bitcoin mining operations that will use the power of lava and volcanoes. Also have you heard about Nigeria?

Shitcoins like ETH and ADA are too volatile. If you put that $10,000 in Bitcoin now and hodl, then you will providing your family with wealth that will last for generations.

No other coin can match fundamentals like that.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 22, 2021, 05:02:29 PM
Quote from: Flexacon on June 22, 2021, 04:47:50 PM
No problems with decentralization. The Banana Republics are setting up bitcoin mining operations that will use the power of lava and volcanoes. Also have you heard about Nigeria?

Shitcoins like ETH and ADA are too volatile. If you put that $10,000 in Bitcoin now and hodl, then you will providing your family with wealth that will last for generations.

No other coin can match fundamentals like that.
Yes and what if there is a regime change in the Banana Republics? Like what happened in Libya and Iraq? Then they declare Bitcoin mining wasteful. They'll say the electricity from the volcanos should be used to power homes and other entities they deem to be more deserving. The other problem is what happens once all Bitcoin has been mined? What will secure the network then?

Miners won't be getting paid Bitcoin so what will finance this? Will Bitcoin holders be charged a fee on a monthly basis to ensure that the network is secured for transactions? I have a feeling Bitcoin will eventually have to switch to proof of stake and will need some kind of inflation to reward stake holders in Bitcoin. Because what will incentivize stake holders if they are not going to receive Bitcoin for their staking? Bitcoin's finite supply might actually be an issue in the future once all Bitcoin has been minted. I think a low inflation rate would be what saves Bitcoin.

I am still not sure what fundamentals make Bitcoin so great compared to others. You said hodling $10,000 BTC will provide wealth for generations. Why not Ethereum? Since Ethereum's creation it has outperformed Bitcoin by 250%. This is over a period of 6 years.

https://cointelegraph.com/news/eth-has-outperformed-btc-by-250-since-inception-raoul-pal-triggers-debate
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on June 22, 2021, 08:16:41 PM
If Bitcoin is anonymous. How did the Feds seize the Bitcoin paid to the hackers of the pipeline shutdown?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Coffeed on June 22, 2021, 09:34:55 PM
Quote from: El Diablo Blanco on June 22, 2021, 08:16:41 PM
If Bitcoin is anonymous. How did the Feds seize the Bitcoin paid to the hackers of the pipeline shutdown?
Sounds like a conspiracy just to hurt crypto that the news just ate up!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 23, 2021, 06:08:06 AM
Quote from: El Diablo Blanco on June 22, 2021, 08:16:41 PM
If Bitcoin is anonymous. How did the Feds seize the Bitcoin paid to the hackers of the pipeline shutdown?

Quote from: Theoak* on June 08, 2021, 03:08:34 PM
Btc was not hacked. Ransom hackers used a rented cloud server. FBI got a subpoena and took control of it and recovered coins. That's it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 23, 2021, 06:11:22 AM
Quote from: El Diablo Blanco on June 22, 2021, 08:16:41 PM
If Bitcoin is anonymous. How did the Feds seize the Bitcoin paid to the hackers of the pipeline shutdown?

Gold is anonymous too. And it can be seized.

The bitcoin didn't disappear. Rather it was taken and transferred to the Feds due to the baddies not being secure with the private key. Pretend you took some gold as a ransom and then left the safe where you stored it unlocked. Someone else can then come to the safe and steal the gold. The gold is a perfectly fine and uncorrupted asset. But you fucked up in the way you stored it.

Hope that helps...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on June 23, 2021, 07:55:33 AM
Quote from: El Diablo Blanco on June 22, 2021, 08:16:41 PM
If Bitcoin is anonymous. How did the Feds seize the Bitcoin paid to the hackers of the pipeline shutdown?
I was wondering that myself.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on June 23, 2021, 08:23:21 AM
If the Feds want to get you they will.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 23, 2021, 09:34:47 AM
Quote from: Flexacon on June 17, 2021, 03:49:08 AM

I'm gonna menstruate. It's quad witching day tomorrow. I'm expecting a 25% BTC dump very soon.

It dropped 28%

I've clearly lost it!

(https://www.memecreator.org/static/images/memes/5097992.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on June 23, 2021, 09:51:36 AM
Quote from: IroNat on June 23, 2021, 08:23:21 AM
If the Feds want to get you they will.



I don't believe this shit is anonymous.  I'm sure the feds figured out a lot about bitcoin and can probably shut it down if they wanted but it's been a huge opp to shutdown a lot of illegal businesses.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 23, 2021, 12:00:49 PM
Chinese Bitcoin Mining Company Delivers First Machines to Kazakhstan


Chinese bitcoin miner BIT Mining delivered its first batch of 320 machines to Kazakhstan after its operations in the Chinese province of Sichuan were suspended.

The publicly traded company (NYSE: BTCM) expects to deliver another 2,600 machines before the start of July, it said in an announcement Monday.

The company's remaining machines will also be shipped overseas.

The mining machines already shipped have a theoretical maximum hash rate capacity of 18.2 PH/s. One PH/s stands for one quadrillion hashes per second, the measure of how many calculations a mining machine can compute.

The move to Kazakhstan came after BIT Mining received notice on Saturday that the power supply for its data center in Sichuan would be suspended by the state energy regulator.

BIT Mining's data centers in Sichuan contributed about 3% of its total revenue in May.

With China's crackdown on the crypto mining industry, companies are looking to migrate elsewhere. Along with Kazakhstan, BIT Mining has also invested $25 million in a new mining center in Texas.

https://www.coindesk.com/chinese-bitcoin-mining-company-delivers-first-machines-to-kazakhstan
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 23, 2021, 12:30:29 PM
Israel will be trialing a central bank digital currency of the Shekel using Ethereum.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 23, 2021, 01:03:12 PM
Quote from: IroNat on June 23, 2021, 08:23:21 AM
If the Feds want to get you they will.


(https://thediwire.com/wp-content/uploads/2020/10/John_McAfee.jpg)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 23, 2021, 01:09:35 PM
Quote from: Griffith on June 23, 2021, 12:30:29 PM
Israel will be trialing a central bank digital currency of the Shekel using Ethereum.

What does one of the most technologically advanced country in the world know? They should be following the Nigerian Bitcoin model.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on June 23, 2021, 01:12:21 PM
My ancestors were coal miners.

Does those genetics transfer to bitcoin mining?

(https://62e528761d0685343e1c-f3d1b99a743ffa4142d9d7f1978d9686.ssl.cf2.rackcdn.com/files/119385/wide_article/width1356x668/hh8r8svj-1461119650.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 23, 2021, 06:41:12 PM
Quote from: polychronopolous on June 23, 2021, 12:00:49 PM
Chinese Bitcoin Mining Company Delivers First Machines to Kazakhstan


(https://smartcdn.prod.postmedia.digital/canoe/wp-content/uploads/2019/05/borat-e1559246678384.jpg?quality=90&strip=all&w=400)

27K BTC incoming
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 23, 2021, 07:21:48 PM
El Salvador President: This is a Bitcoin Law and No Altcoin Will be Made Legal Tender


With the news of El Salvador’s bitcoin adoption as legal tender still trending, the country’s president, Nayib Bukele has made it clear that no altcoin will be made legal tender in El Salvador.

In a recent interview, President Bukele noted that his administration will be focusing on creating the necessary infrastructure required to make bitcoin fully operational as legal tender in the country.

He pointed out that residents can trade any altcoins of their choice but none of these altcoins will be made a legal tender.

He said,

“We are not gonna ban any other cryptocurrency but this is a Bitcoin Law, it’s just for bitcoin, for several reasons. It will be impossible to have ten legal tenders, having two legal tenders is quite a challenge enough. So, for legal tender, it’s only gonna be bitcoin and the USD.

El Salvador’s Bitcoin Adoption is a ” No-Brainer”
When the news of El Salvador adopting bitcoin as legal tender broke, it was met with mixed reactions. While several members of the crypto community expressed their joy, some critics slammed the El Salvadoran government.

In one instance, Steve Hanke, a top professor of Applied Economics at the John Hopkins University, criticized the decision and said that it was “very stupid.”

In his interview, though, President Nayib pointed out that the decision to adopt bitcoin as legal tender was because of “forward-thinking.”

According to him, bitcoin’s historical trend is a clear indication that it is going to be a lot bigger than it is currently and that is why so many people are switching to it.

President Bukele revealed that adopting bitcoin has made El Salvador a little less dependent on the US dollar and its inflation, considering that it is one of the three officially dollarized American countries.

He said,

“Not becoming independent because we are not but at least becoming a little less dependent on the output of new dollars and the new inflation that is coming with those new dollars.”

He continued,

“Having bitcoin as a legal tender, even though nobody has done it before, was a no-brainer.”

https://coinfomania.com/el-salvador-no-altcoin-will-be-made-legal-tender/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on June 23, 2021, 07:57:48 PM
S Africa BTC exchange owner disappears about a 3.2B "hack".

https://www.yahoo.com/finance/news/africrypt-bitcoin-disappearance-174636634.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 23, 2021, 08:02:50 PM
Quote from: IroNat on June 23, 2021, 08:23:21 AM
If the Feds want to get you they will.

Well in the USA at least. (Which by the way is only a small part of the rest of whole world...)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 23, 2021, 08:06:54 PM
Quote from: polychronopolous on June 23, 2021, 07:21:48 PM
El Salvador President: This is a Bitcoin Law and No Altcoin Will be Made Legal Tender


With the news of El Salvador’s bitcoin adoption as legal tender still trending, the country’s president, Nayib Bukele has made it clear that no altcoin will be made legal tender in El Salvador.

In a recent interview, President Bukele noted that his administration will be focusing on creating the necessary infrastructure required to make bitcoin fully operational as legal tender in the country.

He pointed out that residents can trade any altcoins of their choice but none of these altcoins will be made a legal tender.

He said,

“We are not gonna ban any other cryptocurrency but this is a Bitcoin Law, it’s just for bitcoin, for several reasons. It will be impossible to have ten legal tenders, having two legal tenders is quite a challenge enough. So, for legal tender, it’s only gonna be bitcoin and the USD.

El Salvador’s Bitcoin Adoption is a ” No-Brainer”
When the news of El Salvador adopting bitcoin as legal tender broke, it was met with mixed reactions. While several members of the crypto community expressed their joy, some critics slammed the El Salvadoran government.

In one instance, Steve Hanke, a top professor of Applied Economics at the John Hopkins University, criticized the decision and said that it was “very stupid.”

In his interview, though, President Nayib pointed out that the decision to adopt bitcoin as legal tender was because of “forward-thinking.”

According to him, bitcoin’s historical trend is a clear indication that it is going to be a lot bigger than it is currently and that is why so many people are switching to it.

President Bukele revealed that adopting bitcoin has made El Salvador a little less dependent on the US dollar and its inflation, considering that it is one of the three officially dollarized American countries.

He said,

“Not becoming independent because we are not but at least becoming a little less dependent on the output of new dollars and the new inflation that is coming with those new dollars.”

He continued,

“Having bitcoin as a legal tender, even though nobody has done it before, was a no-brainer.”

https://coinfomania.com/el-salvador-no-altcoin-will-be-made-legal-tender/

Truly revolutionary. Will be fascinating how this develops. Other central american countries will follow I suspect.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 23, 2021, 11:26:17 PM
Quote from: gib on June 23, 2021, 08:06:54 PM
Truly revolutionary. Will be fascinating how this develops. Other central american countries will follow I suspect.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on June 24, 2021, 04:08:54 AM
Quote from: IroNat on June 23, 2021, 01:12:21 PM
My ancestors were coal miners.

Does those genetics transfer to bitcoin mining?

(https://62e528761d0685343e1c-f3d1b99a743ffa4142d9d7f1978d9686.ssl.cf2.rackcdn.com/files/119385/wide_article/width1356x668/hh8r8svj-1461119650.jpg)
Only if your ancestors were stupid as well.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 24, 2021, 08:33:51 AM
NYC Mayoral Candidate Eric Adams Plans to Make NYC Center of Bitcoin and Promote Crypto Trade


Democratic Mayoral contender Eric Adams has expressed his intention to ensure New York transition into a center of Bitcoin trade if he is elected as a mayor in upcoming elections.

The NYC Mayoral candidate Eric Adams declared his intention to make the city thrive in terms of Bitcoin (BTC) trading and transform New York as a center of Science and Cybersecurity.

Eric Adams is the new mayoral nominee who has openly endorsed cryptocurrency as one of the most influential trading mediums and has promised the residents of NYC to modify the city’s existing financial Infrastructure into a compatible platform that promotes crypto trade.

Adams who has been an active proponent of boosting the crop currency trading in the region has also made promises to stabilize the city’s crime rates and promote the economic structure of the city by employing crypto resources.

Eric Adams Promises to Make NYC a Hub for Bitcoin Mining and Trade
In an interview held on Tuesday, Democratic Mayoral contender Eric Adams has expressed his intention to ensure New York transition into a center of Bitcoin trade if he is elected as a mayor in upcoming elections. Later on, he added how he plans to revise the existing policies related to science and technology and make New York City prosper in terms of technological advancements such as self-driving cars, drones, and BTC trading.

Adams had successfully secured the votes of black and Latino communities and had managed to garner their support which has proven extremely beneficial for his mayoral race.

https://www.coinspeaker.com/nyc-eric-adams-bitcoin-crypto-trade/amp/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: sync pulse on June 24, 2021, 09:28:29 AM
Quote from: IroNat on June 23, 2021, 01:12:21 PM
My ancestors were coal miners.

Does those genetics transfer to bitcoin mining?

(https://62e528761d0685343e1c-f3d1b99a743ffa4142d9d7f1978d9686.ssl.cf2.rackcdn.com/files/119385/wide_article/width1356x668/hh8r8svj-1461119650.jpg)

Bitcoin mining is the "bookkeeping" that all this is based on...the computer data gets bigger and bigger, repeating over and over.
I don't know what would happen if everyone stopped mining.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 24, 2021, 08:10:44 PM
BTC, USA!

China becomes more inward looking and closed off.

USA becomes more outward looking and open.

https://www.theblockcrypto.com/linked/109475/new-york-city-center-of-bitcoins-eric-adams-mayoral-lead

Eric Adams said:

"I'm going to promise you in one year … you're going to see a different city,"

"We're going to bring businesses. We're going to become the center of life science, the center of cybersecurity, the center of self-driving cars, drones, the center of bitcoins."

Adams aims to turn New York City into a technology center if he wins the mayoral race, which he is currently leading with nearly 32% votes, according to data from the New York Times. The final results are likely to be announced during the week of July 12.

New York will be competing against Miami, which is becoming a crypto center, thanks to his bitcoin-friendly Mayor Francis Suarez and low taxes. "Miami, you had your run. We're bringing our businesses back," said Adams.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 24, 2021, 09:41:06 PM
Quote from: gib on June 24, 2021, 08:10:44 PM
BTC, USA!

China becomes more inward looking and closed off.

USA becomes more outward looking and open.

https://www.theblockcrypto.com/linked/109475/new-york-city-center-of-bitcoins-eric-adams-mayoral-lead

Eric Adams said:

"I'm going to promise you in one year … you're going to see a different city,"

"We're going to bring businesses. We're going to become the center of life science, the center of cybersecurity, the center of self-driving cars, drones, the center of bitcoins."

Adams aims to turn New York City into a technology center if he wins the mayoral race, which he is currently leading with nearly 32% votes, according to data from the New York Times. The final results are likely to be announced during the week of July 12.

New York will be competing against Miami, which is becoming a crypto center, thanks to his bitcoin-friendly Mayor Francis Suarez and low taxes. "Miami, you had your run. We're bringing our businesses back," said Adams.

Another big city democrat who knows nothing of creating a pro-business atmosphere or crypto....self-driving cars and cybersecurity are buzzwords like "sustainable energy" used only for pandering points. Going to get a lot worse in NYC before it gets better.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 25, 2021, 03:03:03 AM
Quote from: SOMEPARTS on June 24, 2021, 09:41:06 PM
Another big city democrat who knows nothing of creating a pro-business atmosphere or crypto....self-driving cars and cybersecurity are buzzwords like "sustainable energy" used only for pandering points. Going to get a lot worse in NYC before it gets better.

Could well be. But either way, any such stance is positive for BTC long term.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on June 25, 2021, 03:04:04 AM
There are talks that ECB might ban cryptos in Europe. If that happens, compared with the situation in China, then I think cryptos are done.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 25, 2021, 03:37:21 AM
Quote from: FitnessFrenzy on June 25, 2021, 03:04:04 AM
There are talks that ECB might ban cryptos in Europe. If that happens, compared with the situation in China, then I think cryptos are done.

. India, China, Turkey, Iran and now potentially Europe banning BTC. You're  in luck! Expect wild volatility all the way down to 0.No better place to be than in this thread where traders are always up. 90% who trade on these markets end up losing. You've  stumbled across the 10% always in  the green.  Look out for the buy signals!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 25, 2021, 04:38:40 AM
ETH
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on June 25, 2021, 11:27:01 AM
Quote from: Theoak* on June 25, 2021, 03:37:21 AM
. India, China, Turkey, Iran and now potentially Europe banning BTC. You're  in luck! Expect wild volatility all the way down to 0.No better place to be than in this thread where traders are always up. 90% who trade on these markets end up losing. You've  stumbled across the 10% always in  the green.  Look out for the buy signals!
No one will admit to losing money.  The ego won't allow it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 25, 2021, 03:09:55 PM
Quote from: Flexacon on June 23, 2021, 06:41:12 PM
(https://smartcdn.prod.postmedia.digital/canoe/wp-content/uploads/2019/05/borat-e1559246678384.jpg?quality=90&strip=all&w=400)

27K BTC incoming

It will take several months, perhaps backend of the year for hash rate to return to pre miner ban levels. I can see btc breaching sub 30k again. GBCT is soon to unlocok164k BTC which could easily bring BTC into 27k territory.

Im suprised its holding aswell as it is considering.....I think  more pain to come  and still in a mini bear phase.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 25, 2021, 06:18:56 PM
Quote from: Theoak* on June 25, 2021, 03:09:55 PM
It will take several months, perhaps backend of the year for hash rate to return to pre miner ban levels. I can see btc breaching sub 30k again. GBCT is soon to unlocok164k BTC which could easily bring BTC into 27k territory.

Im suprised its holding aswell as it is considering.....I think  more pain to come  and still in a mini bear phase.

What is the significance of your mentioning of hash-rate? Do you believe it has some bearing on price?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 25, 2021, 06:26:22 PM
Quote from: Theoak* on June 25, 2021, 03:37:21 AM
. India, China, Turkey, Iran and now potentially Europe banning BTC. You're  in luck! Expect wild volatility all the way down to 0.No better place to be than in this thread where traders are always up. 90% who trade on these markets end up losing. You've  stumbled across the 10% always in  the green.  Look out for the buy signals!

False and nonsense information you have posted here. Please think before posting nonsense. You can't "ban" a mathematical algorithm, anymore than you can "ban" the fact that 1+1 = 2 (or people making use of such a calculation).

What you can do, is state that BTC is not legal tender. In this regard, almost all countries in the world have existing laws that only the Government can issue legal tender, China being no exception. What that then means is that BTC becomes an asset (as opposed to a currency), and just like any asset, be it a painting, a car, a house, gold, wine etc, people are permitted to trade it among themselves for a price that they are free to negotiate. The unique quality of BTC of course being its an asset that is infinitely divisible and instantly transferrable etc.

Anytime there is nonsense FUD, (which some idiots will believe, indeed often many idiots), this reflects itself in price. Smart investors will use any kind of idiot misunderstanding to accumulate an asset, knowing that when the incorrect information (eventually) dissipates, this is reflected in the price of the asset moving upwards.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 25, 2021, 06:47:42 PM
The other point of irony is that some idiots here used Bitcoin FUD by saying "China controls Bitcoin". Now that that FUD is gone (due to miners moving out of China the same idiots are making a new FUD saying "China bans Bitcoin". They should lat least try to keep their FUD consistent! :P
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 25, 2021, 06:58:56 PM
Quote from: gib on June 25, 2021, 06:18:56 PM
What is the significance of your mentioning of hash-rate? Do you believe it has some bearing on price?

Hash rate and price have a relationship because BTC is energy. Even Saylor says this.

Maxis blamed the April price crash on the blackout in China which crashed the hash rate. Correct.

Maxis are now saying China switching off mining and the resulting has rate crash is no longer correlated with price and is actually bullish. Incorrect.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 25, 2021, 07:24:35 PM
Quote from: gib on June 25, 2021, 06:26:22 PM
False and nonsense information you have posted here. Please think before posting nonsense. You can't "ban" a mathematical algorithm, anymore than you can "ban" the fact that 1+1 = 2 (or people making use of such a calculation).

What you can do, is state that BTC is not legal tender. In this regard, almost all countries in the world have existing laws that only the Government can issue legal tender, China being no exception. What that then means is that BTC becomes an asset (as opposed to a currency), and just like any asset, be it a painting, a car, a house, gold, wine etc, people are permitted to trade it among themselves for a price that they are free to negotiate. The unique quality of BTC of course being its an asset that is infinitely divisible and instantly transferrable etc.

Anytime there is nonsense FUD, (which some idiots will believe, indeed often many idiots), this reflects itself in price. Smart investors will use any kind of idiot misunderstanding to accumulate an asset, knowing that when the incorrect information (eventually) dissipates, this is reflected in the price of the asset moving upwards.


You took my.comment literally? Obviously havent been  paying.much attention  to my posts. It was a play on words of allnthe FUD thats been spread this year.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 25, 2021, 07:31:36 PM
Quote from: Mayday on June 25, 2021, 06:58:56 PM
Hash rate and price have a relationship because BTC is energy. Even Saylor says this.

Maxis blamed the April price crash on the blackout in China which crashed the hash rate. Correct.

Maxis are now saying China switching off mining and the resulting has rate crash is no longer correlated with price and is actually bullish. Incorrect.

Correct.  Hash rate follows bitcoin price. China forced a shutdown of 60%+ of the Bitcoin network infrastructure. Forced to relocate to countries with more freedoms and renewable energy. This is a + for long sustained btc growth.  Short term, will see llengthier block times, but once difficulty readjusts it will be rock n roll.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 25, 2021, 07:34:13 PM
Quote from: Theoak* on June 25, 2021, 07:24:35 PM

You took my.comment literally? Obviously havent been  paying.much attention  to my posts. It was a play on words of allnthe FUD thats been spread this year.

Oops - sorry,. Was not following too closely. There are some people who make these FUD comments really believing them. I didn't realize you were taking the piss. :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 25, 2021, 07:43:41 PM
Quote from: Mayday on June 25, 2021, 06:58:56 PM
Hash rate and price have a relationship because BTC is energy. Even Saylor says this.

Maxis blamed the April price crash on the blackout in China which crashed the hash rate. Correct.

Maxis are now saying China switching off mining and the resulting has rate crash is no longer correlated with price and is actually bullish. Incorrect.

You are confusing cause and effect. The same number of BTCs are produced regardless of hashrate. The algo adjusts every 2 weeks, to ensure that the supply of BTC remains constant. So, for example, if we suddenly had half the hash rate, the mining difficulty would make it twice as lucrative for the remaining miners to mine. Currently around 900 coins are created a day (and that will drop to around 450 at next halvening). That 900 until then continues, regardless of hashrate.

So, a decline in hash-rate itself has zero impact on price. However, if you ban miners (like what happened in China), and those miners then move offshore, and then whilst they do that and move their rigs, hash-rate falls until they get back on line. And if those miners were then further long term hodlers, but suddenly then needed to sell their sats all at once in order to get the funds to finance the move their operations, yes that than can impact price. The important point being, its not the hash rate that impacted price. Rather the price fell due to miners selling to meet short term liquidity needs, and then whilst they were moving their operations their rigs went off line which in turn impacted hash rate,
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 25, 2021, 08:02:40 PM
Quote from: gib on June 25, 2021, 07:43:41 PM
You are confusing cause and effect. The same number of BTCs are produced regardless of hashrate. The algo adjusts every 2 weeks, to ensure that the supply of BTC remains constant. So, for example, if we suddenly had half the hash rate, the mining difficulty would make it twice as lucrative for the remaining miners to mine. Currently around 900 coins are created a day (and that will drop to around 450 at next halvening). That 900 until then continues, regardless of hashrate.

So, a decline in hash-rate itself has zero impact on price. However, if you ban miners (like what happened in China), and those miners then move offshore, and then whilst they do that and move their rigs, hash-rate falls until they get back on line. And if those miners were then further long term hodlers, but suddenly then needed to sell their sats all at once in order to get the funds to finance the move their operations, yes that than can impact price. The important point being, its not the hash rate that impacted price. Rather the price fell due to miners selling to meet short term liquidity needs, and then whilst they were moving their operations their rigs went off line which in turn impacted hash rate,

Price rarely follows hashrate per se, it does follow FUD. Where there is an opportunity  to suppress  or drop the price by FUDsters then its  guaranteed. Like I said, lengthier  block times for the near term. Long term, more decentralisation  and a stronger network  and china FUD becoming irrelevant.  T
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 25, 2021, 08:04:03 PM
Quote from: Mayday on June 25, 2021, 06:58:56 PM
Hash rate and price have a relationship because BTC is energy. Even Saylor says this.

Maxis blamed the April price crash on the blackout in China which crashed the hash rate. Correct.

Maxis are now saying China switching off mining and the resulting has rate crash is no longer correlated with price and is actually bullish. Incorrect.

Welcome back, when you entering back into the market?  Your cash on the sidelines in stable  coins  or fiat?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 25, 2021, 09:26:19 PM
Quote from: gib on June 25, 2021, 07:43:41 PM
You are confusing cause and effect. The same number of BTCs are produced regardless of hashrate. The algo adjusts every 2 weeks, to ensure that the supply of BTC remains constant. So, for example, if we suddenly had half the hash rate, the mining difficulty would make it twice as lucrative for the remaining miners to mine. Currently around 900 coins are created a day (and that will drop to around 450 at next halvening). That 900 until then continues, regardless of hashrate.

So, a decline in hash-rate itself has zero impact on price. However, if you ban miners (like what happened in China), and those miners then move offshore, and then whilst they do that and move their rigs, hash-rate falls until they get back on line. And if those miners were then further long term hodlers, but suddenly then needed to sell their sats all at once in order to get the funds to finance the move their operations, yes that than can impact price. The important point being, its not the hash rate that impacted price. Rather the price fell due to miners selling to meet short term liquidity needs, and then whilst they were moving their operations their rigs went off line which in turn impacted hash rate,

And this is where I begin to have a real problem with Bitcoin overall.

Either the network matters or it doesn’t. Either speed matters or it doesn’t.

If El Salvadore starts using volcanos to mine Bitcoin it’s apparently bullish according to maxis and the main influencers.

Yet When China shutdown 50% of BTC mining apparently it doesn’t matter at all.

Ok then, shutdown 99% of the network because clearly it doesn’t matter OR The reality is unless you are pumping increasingly mammoth amounts of energy into the bitcoin ecosystem it can’t grow. It’s as simple as Bitcoin is energy.

Here is the hash rate chart. Drop the hash rate back to 2015 level and guess what happens to price?

This isn’t a dig at you btw gib, you are a nice guy but The fact is with the hashrate crashed price will trend towards that level. It will take time to restore the hash rate and we won’t see any new high prices until that happens.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 25, 2021, 10:20:36 PM
Quote from: Theoak* on June 25, 2021, 08:04:03 PM
Welcome back, when you entering back into the market?  Your cash on the sidelines in stable  coins  or fiat?

Not back yet.

July or August

I’m in fiat.

Will be heavy Doge.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 25, 2021, 10:25:26 PM
Quote from: Theoak* on June 25, 2021, 07:31:36 PM
Correct.  Hash rate follows bitcoin price. China forced a shutdown of 60%+ of the Bitcoin network infrastructure. Forced to relocate to countries with more freedoms and renewable energy. This is a + for long sustained btc growth.  Short term, will see llengthier block times, but once difficulty readjusts it will be rock n roll.

You cut the head of the hydra off in one place(China) and it simply grows several more by packing up and moving operations, Kazakhstan and Texas being prime examples.

The network becomes FURTHER decentralized and the China FUD narrative takes a MAJOR hit in the process.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on June 26, 2021, 01:20:52 AM
Internet Computer ICP is down around 95 % from its high.

Ethereum is down around 60 % from its high.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on June 26, 2021, 01:22:02 AM
Quote from: polychronopolous on June 25, 2021, 10:25:26 PM
You cut the head of the hydra off in one place(China) and it simply grows several more by packing up and moving operations, Kazakhstan and Texas being prime examples.

The network becomes FURTHER decentralized and the China FUD narrative takes a MAJOR hit in the process.

Will people want to make big mining operations in El Salvador and elsewhere if the prices of cryptos keep falling?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 26, 2021, 01:33:46 AM
Quote from: FitnessFrenzy on June 26, 2021, 01:22:02 AM
Will people want to make big mining operations in El Salvador and elsewhere if the prices of cryptos keep falling?

Obviously no, not if it really kept falling. But its not falling. Indeed its rising. Its up over the last 10 years, 5 years, 2 years, 1 year, 6 months... etc and has been an outstanding performing asset class over these time periods.

Most successful investors take a long term view on a trend, as opposed to a short term view on a price.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 26, 2021, 01:56:53 AM
Quote from: Mayday on June 25, 2021, 09:26:19 PM
And this is where I begin to have a real problem with Bitcoin overall.

Either the network matters or it doesn’t. Either speed matters or it doesn’t.

If El Salvadore starts using volcanos to mine Bitcoin it’s apparently bullish according to maxis and the main influencers.

Yet When China shutdown 50% of BTC mining apparently it doesn’t matter at all.

Ok then, shutdown 99% of the network because clearly it doesn’t matter OR The reality is unless you are pumping increasingly mammoth amounts of energy into the bitcoin ecosystem it can’t grow. It’s as simple as Bitcoin is energy.

Here is the hash rate chart. Drop the hash rate back to 2015 level and guess what happens to price?

This isn’t a dig at you btw gib, you are a nice guy but The fact is with the hashrate crashed price will trend towards that level. It will take time to restore the hash rate and we won’t see any new high prices until that happens.

Its price that drives mining (and not the other way around). The reason for that is that the supply is fixed, regardless of how much energy is expended on mining.

So, if you take gold as an example, more mining WILL increase supply. However, if you take BTC, no matter how much mining energy used, the new supply created will remain the same.

If I could theoretically add 50% of new mining overnight, this would double hashrate, but would create zero upside in the price of BTC. (Indeed it might arguably even suppress the price, as existing miners might need to shut their now far less profitable operations, and/or sell off their accumulated BTC to help cover costs).

Its the price of BTC that determines how much energy is deployed to mine BTC (not the other way around).

If BTC goes UP in price, the profit existing miners can make also GOES UP. Hence that leads to more miners being incentivised to mine and this continues until an equilibrium is reached and until total mining cost divided by value of BTC created becomes cost neutral.

Similarly, if the price of BTC goes down, those miners who cannot mine profitably close up shop, and hash rate then falls.

You are making the error in logic equivalent of saying that its puddles of water on the ground that cause it to rain, because when you see puddles its raining. There is a difference between CORRELATION, and CAUSE and EFFECT. So, yes, puddles on the ground do correlate with it having rained, but its the rain that caused the puddles (and not the other way around).

Read Satoshi's whitepaper where he talks about mining incentives where he writes that its the value of BTC created as a reward from mining that:

"adds an incentive for nodes to support the network, and provides a way to initially distribute coins into circulation, since there is no central authority to issue them. The steady addition of a constant of amount of new coins is analogous to gold miners expending resources to add gold to circulation. In our case, it is CPU time and electricity that is expended."

To me the seems entirely obvious but it seems its actually quite common misunderstanding.

Below is a well researched paper on the topic by economists Dean Fantazzini and Nikita Kolodin titled "Does the Hashrate Affect the Bitcoin Price?"

They state:

"There is a long-lived perception that the bitcoin price and the hashrate (i.e., the number of computations done by bitcoin miners) are connected. Some works in the financial literature went further and theorized that the movements of the hashrate are useful in predicting the bitcoin price.

And conclude:

"The causality is always unidirectional going from the bitcoin price to the hashrate (or its proxies), with lags ranging from one week up to six weeks later.

See a longer explanation here:

https://medium.com/coinshares/an-honest-explanation-of-price-hashrate-bitcoin-mining-network-dynamics-f820d6218bdf

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on June 26, 2021, 03:07:10 AM
I am curious to hear what you guys think about the bitcoin trading possibilities.

I support that it is possible to trade bitcoin 34/7, 365 days per year, but is it really healthy?

What if people could trade the stock market on saturdays and sundays?

I think it is good for managing volatility that trading is restricted to certain times, like we do in the stock market.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Jakobslander on June 26, 2021, 03:07:41 AM
Quote from: Theoak* on June 25, 2021, 03:37:21 AM
. India, China, Turkey, Iran and now potentially Europe banning BTC. You're  in luck! Expect wild volatility all the way down to 0.No better place to be than in this thread where traders are always up. 90% who trade on these markets end up losing. You've  stumbled across the 10% always in  the green.  Look out for the buy signals!

How do you ban something you have no control over? I don't think people understand blockchain technology. The only way to stop BTC and most other cryptos would be to shut down the internet, and that is not going to happen.

Please, someone, explain to me how the ECB can "ban" BTC. I'm all ears.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on June 26, 2021, 03:10:31 AM
Quote from: Jakobslander on June 26, 2021, 03:07:41 AM
How do you ban something you have no control over? I don't think people understand blockchain technology. The only way to stop BTC and most other cryptos would be to shut down the internet, and that is not going to happen.

Please, someone, explain to me how the ECB can "ban" BTC. I'm all ears.

The issue is complex and I don't understand it fully, but Europe can ban people from owning bitcoin, like it is illegal to own drugs. Then if you can own it or not, technically speaking, is another issue.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Jakobslander on June 26, 2021, 03:11:39 AM
Quote from: FitnessFrenzy on June 26, 2021, 03:07:10 AM
I am curious to hear what you guys think about the bitcoin trading possibilities.

I support that it is possible to trade bitcoin 34/7, 365 days per year, but is it really healthy?

What if people could trade the stock market on saturdays and sundays?

I think it is good for managing volatility that trading is restricted to certain times, like we do in the stock market.

It would greatly reduce arbitrage and, with it, volatility. I am aware of two BTC OTC products that get toyed with every Friday. Literally, the powers-that-be drop it like a stone and then, come 4:05PM on Friday, BTC flies and the derivatives get left behind. Then, on Monday morning, pre-open, the powers-that-be drop BTC 1K and the expectations get tamed out. At one point GBTC, to give you one example, accumulated a discount of over 20% while these weekend shenanigans were going on.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Jakobslander on June 26, 2021, 03:14:42 AM
Quote from: FitnessFrenzy on June 26, 2021, 03:10:31 AM
The issue is complex and I don't understand it fully, but Europe can ban people from owning bitcoin, like it is illegal to own drugs. Then if you can own it or not, technically speaking, is another issue.

And that's where people make a huge mistake, in equating BTC to wants. BTC is a need. Even if the ECB bans it, people are still going to transact in it. And there's not a single thing they can do about it but spread fear.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 26, 2021, 03:51:08 AM
Quote from: Jakobslander on June 26, 2021, 03:07:41 AM
How do you ban something you have no control over? I don't think people understand blockchain technology. The only way to stop BTC and most other cryptos would be to shut down the internet, and that is not going to happen.

Please, someone, explain to me how the ECB can "ban" BTC. I'm all ears.

Exactly. It's like trying to "ban the moon" or "ban it from raining" or "ban that 1+1 = 2". We look back in time at how utterly ridiculous it was to proclaim a "ban" on bitcoin, which is essentially just a mathematical algorithm combined with human thought which people collectively use as a medium of value exchange.

Some articles on this topic here:

https://www.forbes.com/sites/ktorpey/2019/07/30/us-lawmakers-are-realizing-they-cant-ban-bitcoin/?sh=6e338ce13e31

https://journal.bitcoinreserve.com/is-it-possible-to-ban-bitcoin/

https://www.businessinsider.in/cryptocurrency/news/here-is-why-a-ban-on-cryptocurrencies-may-not-be-even-possible/articleshow/82741310.cms
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 26, 2021, 12:27:03 PM
Quote from: Jakobslander on June 26, 2021, 03:07:41 AM
How do you ban something you have no control over? I don't think people understand blockchain technology. The only way to stop BTC and most other cryptos would be to shut down the internet, and that is not going to happen.

Please, someone, explain to me how the ECB can "ban" BTC. I'm all ears.


Govts control ISPs and port based code can be blocked at ISP level. Said it many times here to crickets.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 26, 2021, 12:31:44 PM
Quote from: gib on June 23, 2021, 08:06:54 PM
Truly revolutionary. Will be fascinating how this develops. Other central american countries will follow I suspect.


McAfee dead and now president of pro-crypto Paraguay has flat relatives in that Florida condo:


https://foxnewsupdates.com/news/usa/dallas/relatives-of-paraguays-first-lady-missing-in-miami-collapse/



Three days ago many articles about them passing a bill to take BTC but now this u-turn:


https://www.trtworld.com/business/paraguay-not-looking-to-make-bitcoin-a-legal-tender-lawmaker-47849

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on June 26, 2021, 12:33:27 PM
Quote from: SOMEPARTS on June 26, 2021, 12:31:44 PM

McAfee dead and now president of pro-crypto Paraguay has flat relatives in that Florida condo:


https://foxnewsupdates.com/news/usa/dallas/relatives-of-paraguays-first-lady-missing-in-miami-collapse/



Three days ago many articles about them passing a bill to take BTC but now this u-turn:


https://www.trtworld.com/business/paraguay-not-looking-to-make-bitcoin-a-legal-tender-lawmaker-47849

What's your theory on the connection between the two?

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 26, 2021, 12:45:28 PM
Quote from: OneMoreRep on June 26, 2021, 12:33:27 PM
What's your theory on the connection between the two?

"1"


I don't know about direct connection but it would seem when things get too truthful or some sort of control structure is challenged serious things happen to people. The ability to bury the stories along with the people should be just as concerning.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 26, 2021, 05:00:22 PM
Quote from: FitnessFrenzy on June 26, 2021, 03:10:31 AM
The issue is complex and I don't understand it fully, but Europe can ban people from owning bitcoin, like it is illegal to own drugs. Then if you can own it or not, technically speaking, is another issue.

It's  not complex. Nothing  is getting banned  certainly  not a multi trillion $ asset class.  The ECB along with other banks will try suppress  usage while they wrap their heads around creating a CBDC which will  work along side BTC as SoV.  They'll  release statements scaring the next wave of adopters "china bans btc", "ECB cautions BTC usage".  It's  nothing more than a stall tactic.

The adoption rate will see 1billion  users by 2024-2025.  So far more people are adopting  crypto  faster than the internet in its first 10 years. 

Do not believe what they say and actually watch what they do. They're  priming to work along side crypto. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 26, 2021, 07:43:23 PM
Quote from: Theoak* on June 26, 2021, 05:00:22 PM
It's  not complex. Nothing  is getting banned  certainly  not a multi trillion $ asset class.  The ECB along with other banks will try suppress  usage while they wrap their heads around creating a CBDC which will  work along side BTC as SoV.  They'll  release statements scaring the next wave of adopters "china bans btc", "ECB cautions BTC usage".  It's  nothing more than a stall tactic.

The adoption rate will see 1billion  users by 2024-2025.  So far more people are adopting  crypto  faster than the internet in its first 10 years. 

Do not believe what they say and actually watch what they do. They're  priming to work along side crypto.


And like everything else in recorded history they get the real stuff while regular people get a derivative of value.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 26, 2021, 08:35:58 PM
Quote from: SOMEPARTS on June 26, 2021, 07:43:23 PM

And like everything else in recorded history they get the real stuff while regular people get a derivative of value.

History is written by the winners....first time in history we have blockchain technology. So once recorded and agreed upon, history will be unaltered for future reference.  You're absolutely right, powerful innovation which is transforming our monetary system and the way we store  energy/data.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 26, 2021, 11:19:34 PM
Quote from: SOMEPARTS on June 26, 2021, 07:43:23 PM

And like everything else in recorded history they get the real stuff while regular people get a derivative of value.

The real stuff is Bitcoin. And its available to anyone, globally, who has the foresight to acquire it.

Government coins on the other hand, are unlikely to ever be created in a way that truely limits their supply. And further, if you think any of the fake FUD was significant for BTC, wait until the real FUD comes out around Government coins. Think tracking, limitations on use according to each person or cohort, instant taxation, instant confiscation for fines, limits on intranational  transfer, limitations on indeed recipients, etc etc. That FUD will be a MASSIVE driver for a decentralized global asset such as Bitcoin.

And its such a simple play. Simply buy now, stack sats, and HODL...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 26, 2021, 11:56:15 PM
Quote from: SOMEPARTS on June 26, 2021, 12:27:03 PM

Govts control ISPs and port based code can be blocked at ISP level. Said it many times here to crickets.

First, very unlikely any Government would even try do to this, or want to. Most leading and dominant countries (China being the exception) cherish values such as individual freedom of speech, choice, thought, expression etc. And some have such concepts constitutionally enshrined. They realize, that Bitcoin is nothing more than a medium of exchange that people, globally have collectively agreed to use, and that such creation and use of and desire for an asset is a natural evolution of technology.

Second, even less likely they would succeed in doing so. As we are seeing in China as an example, VPNs are used. Another option is for traffic to be routed through Tor. Also (again as seen in China), people simply access/buy whenever on any overseas trip outside of the jurisdiction. For many people from China, the first thing on their "shopping list" once overseas is bitcoin. They set up a wallet, get their sats, and know they will be forever accessible if they ever leave China (whereas all local assets might simply be seized, and all CCDCs simply seized or cancelled for any "wrongdoer" (including those overseas).

A government could try to ban computers, phones, and the entire usage of the internet in their country, but again very very unlikely that any modern and successful country would do this, let along be able to enforce. North Korea is probably the most successful in having done something that approaches this.

So again, for all practical intents and purposes, the FUD that a Government might "block" access to or use of Bitcoin is highly unrealistic.

Successful investors consider the likelihood of future scenarios, and then invest accordingly (as opposed to unsuccessful investors, who think up far-fetched and ridiculous scenarios and then invest accordingly...)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on June 27, 2021, 06:00:56 AM
Thank goodness no governments have made wearing masks mandatory.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Jakobslander on June 27, 2021, 07:03:31 AM
Quote from: SOMEPARTS on June 26, 2021, 12:27:03 PM

Govts control ISPs and port based code can be blocked at ISP level. Said it many times here to crickets.

Ports and ISPs are not code. What you’re talking about are filters. These filters can be easily bypassed with a VPN. I do it all the time with the PPV stuff.

Guys, you gotta think harder. Come on!


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 27, 2021, 07:24:08 AM
If you two are trying to say regarding BTC:

1) govt can't ban BTC as it relates to the average person needed for widespread adoption

2) that it would become even more popular if they did

We can deal in reality rather than wishes.

Yeah, VPN and TOR ...but the average person in the USA doesn't want to be a pirate with a target on their back and let's be honest it's just a black market way to move money without the USA. As soon as they made it "illegal" all the normies would be out of it for good.

As said above they got people to wear masks for a year for no reason...people also pay taxes for the same reasons. This would be nothing to pull off...viral on social media and 24 hour news cycle of "you are a criminal if you have BTC" ... gone in days easy peasy.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: f450 on June 27, 2021, 07:41:32 AM
The "Governement" are just figureheads placed there by the corporations that pay for their election campaigns.

These corporations are adopting crypto at an alarming rate and are buying up all the bitcoin they can.

Your Government will never go against the wishes of its masters. Bitcoin is not going anywhere.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 27, 2021, 07:59:43 AM
Billionaire Salinas Wants to Make Mexico’s First Bitcoin-Accepting Bank


Mexico’s third-richest man, Ricardo Salinas Pliego, tweeted this morning that the bank he founded, Banco Azteca, aims to be the first bank in his country to accept Bitcoin.

Salinas runs Grupo Salinas, the sprawling conglomerate that controls the bank he founded 19 years ago. Should he manage to get Banco Azteca to accept Bitcoin, the bank would join a small but growing list of banks transacting in Bitcoin.

The bank claims to be one of Mexico’s largest, citing over 16 million savings accounts and 19 million credit accounts. Until 2019, the bank operated in El Salvador, which recently declared Bitcoin as legal tender.


Michael Saylor
@michael_saylor
·
Jun 26, 2021
If you are hoping to preserve your wealth for a generation, @RicardoBSalinas suggests you invest in #bitcoin. The strategy is simple - choose the highest quality asset you can find and #hodl.
Pomp 🌪
@APompliano
Here is a video of Mexico’s third wealthiest man explaining why he believes all fiat currencies are a fraud and he wants to hold bitcoin over the next 30 years.

Incredible to see this from @RicardoBSalinas given his historic wealth and success.
Embedded video
Ricardo Salinas Pliego
@RicardoBSalinas
Sure, I recommend the use of #Bitcoin, and me and my bank are working to be the first bank in Mexico to accept #Bitcoin, if you need more details or information follow me on my Twitter account 😌.
2:19 AM · Jun 27, 2021

Salinas’s tweet was a response to Michael Saylor, the cloud computing expert turned Bitcoin bull who had tweeted a week-old video of the Mexican billionaire promoting Bitcoin and calling fiat a “fraud.”



In the video, an interview with Jose Rodriguez of Bitcoin ATM provider Chainbytes, Salinas said that Bitcoin is “an asset that should be in the portfolio of any investor” and it “has value and an international market where it is traded with enormous liquidity worldwide.” Salinas then dismissed Dogecoin and other altcoins as “shitcoins.”

At the start of the year, Salinas joined the likes of Michael Saylor, Tesla CEO Elon Musk, and Skybridge’s Anthony Scaramucci, when he changed his Twitter bio to ‘Bitcoin’. In November last year, Salinas tweeted that he had invested 10% of his liquid portfolio in Bitcoin.

https://decrypt.co/74600/billionaire-salinas-wants-to-make-mexicos-first-bitcoin-accepting-bank?amp=1
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Jakobslander on June 27, 2021, 09:36:58 AM
Quote from: SOMEPARTS on June 27, 2021, 07:24:08 AM
If you two are trying to say regarding BTC:

1) govt can't ban BTC as it relates to the average person needed for widespread adoption

2) that it would become even more popular if they did

We can deal in reality rather than wishes.

Yeah, VPN and TOR ...but the average person in the USA doesn't want to be a pirate with a target on their back and let's be honest it's just a black market way to move money without the USA. As soon as they made it "illegal" all the normies would be out of it for good.

As said above they got people to wear masks for a year for no reason...people also pay taxes for the same reasons. This would be nothing to pull off...viral on social media and 24 hour news cycle of "you are a criminal if you have BTC" ... gone in days easy peasy.

Again, you fellas are making unbalanced comparisons. Bitcoin is money. Money can be transacted into basically anything, ESPECIALLY the amount of hours someone has to get up and work for. It’s something we’ve developed a sixth sense for. We understand it. We can quantify it and it even makes sense to us in a space/time continuum, which is weird.

Having to wear masks is a non-event. YES, governments have been able to inject enough fear into the population to be able to somewhat control it to the point of forcing it to do A-legal stuff but the population response until today cannot be described as a success. The only reason everything is opening up now if precisely because they know full well they will not be able to control the population much longer.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on June 27, 2021, 12:50:17 PM
I'm going to get a few $100 bills and hang on to them for 20 years.

Figure they'll be worth millions by then.

(https://golf.com/wp-content/uploads/2020/10/hundo-1024x576.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on June 27, 2021, 01:34:51 PM
Quote from: IroNat on June 27, 2021, 12:50:17 PM
I'm going to get a few $100 bills and hang on to them for 20 years.

Figure they'll be worth millions by then.

(https://golf.com/wp-content/uploads/2020/10/hundo-1024x576.jpg)
If you bought $200 worth of shitcoin it would be worth trillions!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 27, 2021, 01:40:26 PM
Quote from: gib on June 25, 2021, 07:43:41 PM
So, a decline in hash-rate itself has zero impact on price. However, if you ban miners (like what happened in China), and those miners then move offshore, and then whilst they do that and move their rigs, hash-rate falls until they get back on line.,

My rebuttal is simple. If turning off half the network has next to no effect then what you did was halve your energy consumption which solves one of Bitcoins largest problems. In fact a maxi was talking about the difficulty level and the network could go down another 50% from here and still operate with almost no difference according to them.

If you halved your energy and made next to no difference to the network, why would anyone want to turn them back on and consume twice the energy for virtually zero benefit?  If as you say price doesn’t follow hashrate then you don’t need the power…….

The logic of the mining network is being inside your house during the day, having plenty of natural  light and then all your inside lighting turned on aswell. You Turn half the lights off and pretty much no difference but then you want to turn them all back on again.

So what is the reasoning behind wanting to consume double the energy?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 27, 2021, 02:32:48 PM
Quote from: polychronopolous on June 27, 2021, 07:59:43 AM
Billionaire Salinas Wants to Make Mexico’s First Bitcoin-Accepting Bank


Mexico’s third-richest man, Ricardo Salinas Pliego, tweeted this morning that the bank he founded, Banco Azteca, aims to be the first bank in his country to accept Bitcoin.

Salinas runs Grupo Salinas, the sprawling conglomerate that controls the bank he founded 19 years ago. Should he manage to get Banco Azteca to accept Bitcoin, the bank would join a small but growing list of banks transacting in Bitcoin.

The bank claims to be one of Mexico’s largest, citing over 16 million savings accounts and 19 million credit accounts. Until 2019, the bank operated in El Salvador, which recently declared Bitcoin as legal tender.


Michael Saylor
@michael_saylor
·
Jun 26, 2021
If you are hoping to preserve your wealth for a generation, @RicardoBSalinas suggests you invest in #bitcoin. The strategy is simple - choose the highest quality asset you can find and #hodl.
Pomp 🌪
@APompliano
Here is a video of Mexico’s third wealthiest man explaining why he believes all fiat currencies are a fraud and he wants to hold bitcoin over the next 30 years.

Incredible to see this from @RicardoBSalinas given his historic wealth and success.
Embedded video
Ricardo Salinas Pliego
@RicardoBSalinas
Sure, I recommend the use of #Bitcoin, and me and my bank are working to be the first bank in Mexico to accept #Bitcoin, if you need more details or information follow me on my Twitter account 😌.
2:19 AM · Jun 27, 2021

Salinas’s tweet was a response to Michael Saylor, the cloud computing expert turned Bitcoin bull who had tweeted a week-old video of the Mexican billionaire promoting Bitcoin and calling fiat a “fraud.”



In the video, an interview with Jose Rodriguez of Bitcoin ATM provider Chainbytes, Salinas said that Bitcoin is “an asset that should be in the portfolio of any investor” and it “has value and an international market where it is traded with enormous liquidity worldwide.” Salinas then dismissed Dogecoin and other altcoins as “shitcoins.”

At the start of the year, Salinas joined the likes of Michael Saylor, Tesla CEO Elon Musk, and Skybridge’s Anthony Scaramucci, when he changed his Twitter bio to ‘Bitcoin’. In November last year, Salinas tweeted that he had invested 10% of his liquid portfolio in Bitcoin.

https://decrypt.co/74600/billionaire-salinas-wants-to-make-mexicos-first-bitcoin-accepting-bank?amp=1

Someone better inform these banks and sovereign countries  on the Ethereum flippening happening any day now...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on June 27, 2021, 04:57:55 PM
Quote from: Jakobslander on June 27, 2021, 09:36:58 AM
The only reason everything is opening up now if precisely because they know full well they will not be able to control the population much longer.

lmfao....  ::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 27, 2021, 04:59:01 PM
Quote from: Jakobslander on June 27, 2021, 09:36:58 AM

Having to wear masks is a non-event.

The only reason everything is opening up now if precisely because they know full well they will not be able to control the population much longer.


Really, "they" are losing control eh? Hilarious. It was only the most successful psyop in the history of mankind...and it happened on a "free" internet with relative ease with those asking questions silenced and marginalized immediately. They manufactured the truth and the reality.

If anything the "everything opening up" will be for crypto as the money of common people...not real value....slave money. Look at what the internet has turned into in 20 years. Expect the same from this "money". Another total control mechanism disguised as something else.

The same people now buying BTC would be the people buying hundreds of domain names in the 90s hoping to hit it big. Same old shit except people watched it go to 60k and just sat on it due to pumper FOMO.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 27, 2021, 05:04:39 PM
Quote from: Zillotch on June 27, 2021, 04:57:55 PM
lmfao....  ::)


Yeah, that comment is something you would have read in 2015 when I was first in BTC.

"we're going to bust up the central banks!" etc...  ::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 27, 2021, 05:47:24 PM
Quote from: SOMEPARTS on June 27, 2021, 04:59:01 PM

Really, "they" are losing control eh? Hilarious. It was only the most successful psyop in the history of mankind...and it happened on a "free" internet with relative ease with those asking questions silenced and marginalized immediately. They manufactured the truth and the reality.

If anything the "everything opening up" will be for crypto as the money of common people...not real value....slave money. Look at what the internet has turned into in 20 years. Expect the same from this "money". Another total control mechanism disguised as something else.

The same people now buying BTC would be the people buying hundreds of domain names in the 90s hoping to hit it big. Same old shit except people watched it go to 60k and just sat on it due to pumper FOMO.

Whether you call BTC "slave money", or not, the reality is we are all slaves for money. With those in power the slave masters. This is why BTC is so revolutionary - it creates the opportunity for new masters to arise, namely whole-coiners. Right now, becoming a future master is in reach, just how like in pioneer days, grabbing land and becoming a land-owner was cheap. Those who see the future and react accordingly will succeed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 27, 2021, 06:06:45 PM
Quote from: Mayday on June 27, 2021, 01:40:26 PM
My rebuttal is simple. If turning off half the network has next to no effect then what you did was halve your energy consumption which solves one of Bitcoins largest problems. In fact a maxi was talking about the difficulty level and the network could go down another 50% from here and still operate with almost no difference according to them.

If you halved your energy and made next to no difference to the network, why would anyone want to turn them back on and consume twice the energy for virtually zero benefit?  If as you say price doesn’t follow hashrate then you don’t need the power…….

The logic of the mining network is being inside your house during the day, having plenty of natural  light and then all your inside lighting turned on aswell. You Turn half the lights off and pretty much no difference but then you want to turn them all back on again.

So what is the reasoning behind wanting to consume double the energy?

Well, in theory, yes if you "turned off half the network" you would reduce energy mining energy consumption by half. Indeed, this is the exact reason why hash rate dropped when Chinese miners went off-line (although it was much less that 50% in that case). But assuming 50% cut, in such a case, half the amount of energy is then needed to create the same number of coins.

However, no one country can control mining, as a bitcoin doesn't care where its mined.

So, what of course happens in reality is that if you halve mining, yet have the same price for the asset being mined, the revenue for those remaining (or any new entrant) immediately doubles. This in turn creates an economic incentive for more energy to be devoted to mining, and hence you quickly get back to where you started. More energy, chasing the same number of new coins. (And that is EXACTLY what has happened, as the Chinese mining that went offline (dropping hashrate) was quickly replaced by new mining in the US, Mongolia, Kazakstan, etc).

Hence, if the price stays the same (let alone goes up), and you halve the number of miners, you will see hash-rate increase accordingly. Indeed, you will see this happening as fast as over the next few weeks even, as the Chinese shutdown combined with a stable price has created an incentive for new miners to enter due to the higher profit margin available.

I wonder if some of the confusion you have comes from is that hashrate is arguably an indicator of where miners think future prices will head. So, for example, say we have an existing cost neutral hash-rate, but you or me or anyone else believe that price in the future will be higher that in already "priced in" by existing miners in funding their operations. Eg lets say that consensus view is that prices will be an average of $50K for the next year, but you and I think that prices will be an average of $80K. That additional "above market consensus view" of pricing may lead us to put rigs online (increasing hash rate), with the view that we will reap the rewards of that investment in the future. But either way, again, its (obviously) ultimately the price that drives the hashrate.

Hope this makes sense!

As for the "problem" of energy consumption, its this "cost" which under the "proof of work" model, that keeps the network secure. Longer term, I believe economics will solve the problem of dirty energy consumption. Its won't be efficient, as miners inevitably move to energy that is cheapest, and essentially "free" other than the costs of construction. Think massive solar farms in deserts, hydroelectric, geothermal, etc.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 27, 2021, 07:12:35 PM
Quote from: gib on June 27, 2021, 05:47:24 PM
Whether you call BTC "slave money", or not, the reality is we are all slaves for money. With those in power the slave masters. This is why BTC is so revolutionary - it creates the opportunity for new masters to arise, namely whole-coiners. Right now, becoming a future master is in reach, just how like in pioneer days, grabbing land and becoming a land-owner was cheap. Those who see the future and react accordingly will succeed.



The delusion is grand indeed. You think you are going to run the world by owning some BTC.  ;D

Meanwhile in reality you don't even know who built the casino in which you are playing but you are sure it was built for winners not for marks....and before you say it, yes it DOES matter who built it. That fact will be one of the primary weapons used to destroy it when it is time for the real rollout of one world money.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 27, 2021, 07:16:18 PM
Quote from: SOMEPARTS on June 27, 2021, 07:12:35 PM


The delusion is grand indeed. You think you are going to run the world by owning some BTC.  ;D

Meanwhile in reality you don't even know who built the casino in which you are playing but you are sure it was built for winners not for marks....and before you say it, yes it DOES matter who built it. That fact will be one of the primary weapons used to destroy it when it is time for the real rollout of one world money.

Its either dominate or be dominated. You choose. I know which side I will be on...Meanwhile the disenfranchised will be muttering about conspiracy theories, FUD, how its "unfair", etc etc. You are currently privileged enough to have a chance to secure your place in the digitized era of wealth. Your choice. You cannot say you have not been warned... I have said it many a time. Buy a little Bitcoin as a hedge on the future. And then HODL. How hard can that be?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 28, 2021, 12:50:23 AM
Quote from: gib on June 27, 2021, 06:06:45 PM
Well, in theory, yes if you "turned off half the network" you would reduce energy mining energy consumption by half. Indeed, this is the exact reason why hash rate dropped when Chinese miners went off-line (although it was much less that 50% in that case). But assuming 50% cut, in such a case, half the amount of energy is then needed to create the same number of coins.

However, no one country can control mining, as a bitcoin doesn't care where its mined.

So, what of course happens in reality is that if you halve mining, yet have the same price for the asset being mined, the revenue for those remaining (or any new entrant) immediately doubles. This in turn creates an economic incentive for more energy to be devoted to mining, and hence you quickly get back to where you started. More energy, chasing the same number of new coins. (And that is EXACTLY what has happened, as the Chinese mining that went offline (dropping hashrate) was quickly replaced by new mining in the US, Mongolia, Kazakstan, etc).

Hence, if the price stays the same (let alone goes up), and you halve the number of miners, you will see hash-rate increase accordingly. Indeed, you will see this happening as fast as over the next few weeks even, as the Chinese shutdown combined with a stable price has created an incentive for new miners to enter due to the higher profit margin available.

I wonder if some of the confusion you have comes from is that hashrate is arguably an indicator of where miners think future prices will head. So, for example, say we have an existing cost neutral hash-rate, but you or me or anyone else believe that price in the future will be higher that in already "priced in" by existing miners in funding their operations. Eg lets say that consensus view is that prices will be an average of $50K for the next year, but you and I think that prices will be an average of $80K. That additional "above market consensus view" of pricing may lead us to put rigs online (increasing hash rate), with the view that we will reap the rewards of that investment in the future. But either way, again, its (obviously) ultimately the price that drives the hashrate.

Hope this makes sense!

As for the "problem" of energy consumption, its this "cost" which under the "proof of work" model, that keeps the network secure. Longer term, I believe economics will solve the problem of dirty energy consumption. Its won't be efficient, as miners inevitably move to energy that is cheapest, and essentially "free" other than the costs of construction. Think massive solar farms in deserts, hydroelectric, geothermal, etc.

Thanks for the detailed response.

exactly what you said in the 2nd paragraph - there is incentive for more energy to chase the same number of coins - is Not a great selling point because we want efficiency. If 10 machines can get the job done and we instead use a system which encourages 30 machines to perform the same work I don’t understand how this can become a viable network.

Do I make sense with this point or is there something I don’t get?

Elon doesn’t like BTC because of the inefficiency. What if he creates a network 100x more efficient which causes BTC price to stall? Will people call for his head because of it?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 28, 2021, 01:29:57 AM
Quote from: Mayday on June 28, 2021, 12:50:23 AM
Thanks for the detailed response.

exactly what you said in the 2nd paragraph - there is incentive for more energy to chase the same number of coins - is Not a great selling point because we want efficiency. If 10 machines can get the job done and we instead use a system which encourages 30 machines to perform the same work I don’t understand how this can become a viable network.

Do I make sense with this point or is there something I don’t get?

Elon doesn’t like BTC because of the inefficiency. What if he creates a network 100x more efficient which causes BTC price to stall? Will people call for his head because of it?

No worries. Welcome! Your initial point, it seemed, was that hashrate drives price. This is not correct, which I hope is clear now.

Regarding energy efficiency, and why we could just not use less machines, one of BTC's strengths lies in the difficulty of it's creation, which in turn provides it with its greatest protection to a 51% attack - ie when one or more miners takes control of more than 50% of the network's hashrate. If you want a store of value that is truly decentralized, you need to incentivize the protection, and this is what BTC beautifully does via the incentives from mining. The other option is a far more centralized coin, more "energy efficient" for sure, controlled by one or more people. Such a coin has huge counterparty and "key man" risk, which is why most if not all will fail and are not seen as a foundational store of value, (unless you were to place more faith in a person or group of people or a Government) as opposed to placing your faith in the truth of mathematics.

If you take the gold mining analogy, (or any asset mined for that example), the easier for the asset to be created, the lower its ultimate value will be, and the more useless it becomes as a store of value. So we use gold as an store of value (extremely energy intensive to mine), vs say rocks or water which are "environmentally friendly" in terms of effort (or "energy") needed to create them, but also highly abundant.

Will we see the creators of new coins try to launch and gain traction with "energy efficiency" claims? Sure, many will try, I am sure. Many many cryptos have been created that cost for less to mine. (Indeed, the number of such creations is infinite). None so far have yet reached the value of BTC, due to the inherent quality of scarcity and cost of production of BTC.

As for whether we could make BTC itself more energy efficient, as explained above, I think there will be a shift to renewable energy over time, driven by economics. We will over time of course also see a continued migration to ever increasing energy efficient chips (again driven by economics). Simply mandating that "we need to have less miners" is not going to work, and new miners will always appear when economically incentivized to do so.

Could a change in the code of BTC be made to achieve the same benefits of BTC at lower energy cost? Yes, its doable. The challenge would be to preserve all the legacy of energy that has gone into the creation of the original coins mined to date, and they would then need to tread very very carefully to move to an algorithm that was less computationally demanding whilst still ensuring that the integrity of the blockchain was maintained. Easier said than done. This would also require consensus within the BTC and mining community. And if not executed well, it could trigger a massive collapse in the value of BTC if people feared its security or scarcity or uniqueness was at risk and lost confidence. Lets watch with interest as Eth's move to proof of stake gets under way.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 28, 2021, 05:09:04 AM
So for the future would you say it’s highly probable regulations come in for mining? Home mining not allowed and only green energy commercial projects allowed? This would limit the number of machines on the network and reduce overall energy consumption plus provide regulation. It Could be an answer?

I worded before poorly. Hash rate and price are in a relationship. High hash rate, high price. Low hash rate, low price.

if you suddenly shut down a chunk of the network, price trends lower to match the energy consumption. Ie lower energy = lower price. April and right now are evidence of this.

Therefore it should mean price isn’t going anywhere far until more mining rigs are switched on to replace what China shutdown. Then again we have a difficulty adjustment happening so let’s see if it proves the energy consumption false!  I’m open minded but what some on chain people said in April they are now contradicting. It’s a fkn pain in the ass to get honest information right now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 28, 2021, 06:03:06 AM
This is where the hash rate sits right now. Back at 2019 levels now.

According to Twitter this is either completely irrelevant or it is bullish.

Interesting that now miners are irrelevant when They were being blamed some time ago for dumping coins when the hash rate dropped. Funny that.

We’ll find out in July whether hash rate and price still like to hang out together. Could also be August.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 28, 2021, 07:22:46 AM
Quote from: gib on June 27, 2021, 07:16:18 PM
Its either dominate or be dominated. You choose. I know which side I will be on...Meanwhile the disenfranchised will be muttering about conspiracy theories, FUD, how its "unfair", etc etc. You are currently privileged enough to have a chance to secure your place in the digitized era of wealth. Your choice. You cannot say you have not been warned... I have said it many a time. Buy a little Bitcoin as a hedge on the future. And then HODL. How hard can that be?


Nah.

You are in the casino, don't know who built it and think they built it for you to win and become one of "them".

People are making money off of the volatility but to hold bad tech forever is hilarious.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on June 29, 2021, 03:59:18 PM
Looks like we lost someone from this thread, RIP 🪦


One of the largest owners of bitcoin, who reportedly held as much as $1 billion, is dead at 41: reports - MarketWatch

https://www.marketwatch.com/story/one-of-the-largest-owners-of-bitcoin-who-reportedly-held-as-much-as-1-billion-is-dead-at-41-reports-11624904721
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 29, 2021, 08:46:10 PM
Quote from: Thin Lizzy on June 29, 2021, 03:59:18 PM
Looks like we lost someone from this thread, RIP 🪦


One of the largest owners of bitcoin, who reportedly held as much as $1 billion, is dead at 41: reports - MarketWatch

https://www.marketwatch.com/story/one-of-the-largest-owners-of-bitcoin-who-reportedly-held-as-much-as-1-billion-is-dead-at-41-reports-11624904721

One of the main BTC maxi influencers tweeted that this was bullish. Even though he later deleted the tweet because it was an idiotic thing to post on a public forum, Bitcoin cultists still offer him their soul.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 29, 2021, 09:28:03 PM
Twitter told me because I sold I was not deserving of Bitcoin, I don’t understand Bitcoin or money and am an idiot…….

Who here thinks a parabolic run happens weeks after a parabolic run?

Jack Dorsey CEO of Twitter asked Elon to come to the ‘B word’ event to have ‘the’ chat about Bitcoin in July. cultists think they are smarter than the spaceship bloke……
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on June 30, 2021, 08:39:34 AM
$6 Billion NCR Opens Bitcoin Purchases To 650 Banks And Credit Unions

650 U.S. banks will soon be able to offer bitcoin purchases to an estimated 24 million total customers.

As part of the deal, between enterprise payments giant NCR and digital asset management firm NYDIG, community banks including North Carolina-based First Citizens Bank and credit unions including Bay Federal Credit Union in California will be able to offer their clients cryptocurrency trading through mobile applications built by the payments provider.

Instead of having to deal with the burdensome regulatory requirements related to actually holding the cryptocurrency for their customers, the financial institutions that opt to make the service available will rely on NYDIG’s custody services.

The effort is the latest by Atlanta-based NCR, to capitalize on demand it’s seeing from banks and credit unions tired of seeing crypto-purchases made from their accounts to outside exchanges. By providing these clients a way to buy bitcoin—and eventually spend it—within their existing accounts, the traditional financial institutions are part of a rising tide of traditional financial institutions in direct competition with cryptocurrency exchanges.

“We’re firm believers in the benefits of crypto and the strategic application,” says NCR president of digital banking, Douglas Brown. “And that’s true for our banking relationships, as evidenced by NYDIG, and across retailers as well as restaurants and the like.”

Founded in 1884 as the National Cash Register, NCR employs 34,000 people and does business ranging from digital banking service to ATMs and restaurant point-of-sale kiosks, in 160 countries. From January to March 2020 the company’s stock tanked 62% to $13.43. Then, riding a similar tide as PayPal and many other financial technology service providers since the Covid-19 pandemic, NCR’s stock has jumped 238% since March 2020, when quarantine started, and is now trading at $45.44. NCR generated $6.2 billion revenue from non-cryptocurrency transactions last year.[/i]

https://www.forbes.com/sites/michaeldelcastillo/2021/06/30/6-billion-ncr-opens-bitcoin-purchases-to-650-banks-and-credit-unions/amp/?__twitter_impression=true
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 30, 2021, 05:38:08 PM
Monthly prints for June.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Soul Crusher on July 01, 2021, 07:51:07 AM
http://www.the-sun.com/news/3195065/bitcoin-billionaire-mircea-popescu-dead

 :) ;)


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on July 01, 2021, 11:08:16 AM
Quote from: Soul Crusher on July 01, 2021, 07:51:07 AM
http://www.the-sun.com/news/3195065/bitcoin-billionaire-mircea-popescu-dead

 :) ;)


Be careful out there Gib the crypto ubermensch.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 01, 2021, 06:59:02 PM
Lol at those fools and crypto-doomsayers here who cited India as an example of a country "banning" Bitcoin...

https://finance.yahoo.com/news/india-may-quietly-shown-hand-190909090.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 02, 2021, 11:16:18 PM
Quote from: Mayday on June 28, 2021, 06:03:06 AM
This is where the hash rate sits right now. Back at 2019 levels now.

According to Twitter this is either completely irrelevant or it is bullish.

Interesting that now miners are irrelevant when They were being blamed some time ago for dumping coins when the hash rate dropped. Funny that.

We’ll find out in July whether hash rate and price still like to hang out together. Could also be August.

Think of it like this.

Imagine a bunch of property developers (akin to miners producing hash rate) start building a whole bunch of properties. They can build all they want, but all that effort building and increasing supply does nothing to increase price. And indeed it would be a rather foolish to start building properties in the belief that the act of building generates demand.

Rather they way it happens it like this. The price of existing properties risee. This in turn leads builders to build more, provided their cost of production is less then the current (or anticipated) price, in the hope of making a profit in selling the future properties they build.

Its the demand that drives the incentive to supply.

Same with bitcoin. Its a ridiculous concept to believe that you will go out and mine, and the more you mine the more the prices will go up. Indeed its actually quite the opposite. You have a price of BTC (driven by demand) and then, if your cost of mining is lower then the current price you will be incentivised to mine. If your cost of mining is less then the money you can earn from it, your incentive to mine will drop.

It should be very obvious - hash-rate does not determine BTC price. Indeed its quite the opposite - the higher the BTC price is above the cost of mining, the more people are encouraged to mine.

Pure capitalism and economics.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 03, 2021, 02:29:36 AM
So it’s a system which encourages greater and greater energy consumption with its purpose only as  something to store money in. As price rises, more energy piles in to make money. It doesn’t power anything other than the creation of itself. Ok I get that and I see why institutions have a huge problem with its energy side now.

Saylor has said, he doesn’t want BTC to have any ambitions above being something that you park money in. That’s it. He wants as little regulation as possible and says it needs to have no ambition as a result. Says the downfall of ETH is it has ambition and therefore greater regulation will make it useless. An interesting take to have technology that sort of does nothing.

Don’t get me wrong, the rich have fucked our monetary system but I do have a bit of an issue that this is the answer. You can see why Elon gives maxis a hard time over energy usage. His point being, sure let’s have a crypto to park money in but it needs to use way less energy if it isn’t going to really do anything.


Anyhoo, the start of the month is for rallying. We should hopefully see 2 weeks of a strong rally. Money makers can easily send over 42k and from there let retail FOMO to 47k-50k. I’m still in cash. The greater market might get rocky back half of July and charts say we still have more months of cool down.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on July 03, 2021, 03:58:16 AM
Quote from: Mayday on July 03, 2021, 02:29:36 AM
So it’s a system which encourages greater and greater energy consumption with its purpose only as  something to store money in. As price rises, more energy piles in to make money. It doesn’t power anything other than the creation of itself. Ok I get that and I see why institutions have a huge problem with its energy side now.

Saylor has said, he doesn’t want BTC to have any ambitions above being something that you park money in. That’s it. He wants as little regulation as possible and says it needs to have no ambition as a result. Says the downfall of ETH is it has ambition and therefore greater regulation will make it useless. An interesting take to have technology that sort of does nothing.

Don’t get me wrong, the rich have fucked our monetary system but I do have a bit of an issue that this is the answer. You can see why Elon gives maxis a hard time over energy usage. His point being, sure let’s have a crypto to park money in but it needs to use way less energy if it isn’t going to really do anything.


Anyhoo, the start of the month is for rallying. We should hopefully see 2 weeks of a strong rally. Money makers can easily send over 42k and from there let retail FOMO to 47k-50k. I’m still in cash. The greater market might get rocky back half of July and charts say we still have more months of cool down.

Saylor has said BTC is the base layer and other applications will be built ontop of layer 1. I dont  recall him saying no regularion, infact he states regulation  is welcomed as it welcomes  adoption.  Be it Saylor, Musk Maxis .......btc doesn't  give two shits. BTC will keep growing organically.  Btc has weathered a tsunami of attacks over its short tenure, and like the hulk, the more you piss it off the larger and more ferocious it becomes. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on July 03, 2021, 04:28:55 AM
Once bitcoin eventually becomes accepted the big institutions will control it just like they control everything else.

The only way it will become accepted is if it becomes a relatively stable medium of exchange.

If you can make some money speculating before that happens go for it.

Once it goes mainstream the party will be over.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on July 03, 2021, 06:20:40 AM
Quote from: Mayday on July 03, 2021, 02:29:36 AM
So it’s a system which encourages greater and greater energy consumption with its purpose only as  something to store money in. As price rises, more energy piles in to make money. It doesn’t power anything other than the creation of itself. Ok I get that and I see why institutions have a huge problem with its energy side now.

Saylor has said, he doesn’t want BTC to have any ambitions above being something that you park money in. That’s it. He wants as little regulation as possible and says it needs to have no ambition as a result. Says the downfall of ETH is it has ambition and therefore greater regulation will make it useless. An interesting take to have technology that sort of does nothing.

Don’t get me wrong, the rich have fucked our monetary system but I do have a bit of an issue that this is the answer. You can see why Elon gives maxis a hard time over energy usage. His point being, sure let’s have a crypto to park money in but it needs to use way less energy if it isn’t going to really do anything.


Anyhoo, the start of the month is for rallying. We should hopefully see 2 weeks of a strong rally. Money makers can easily send over 42k and from there let retail FOMO to 47k-50k. I’m still in cash. The greater market might get rocky back half of July and charts say we still have more months of cool down.



Every form of technology is replaced by a cheaper, faster one. Every single one.

As a socio-economic experiment crypto is a success but the only real thing I've seen crypto do at this point is divert $$$ that would have otherwise gone into precious metals. Metals ETF vs physical has already decoupled, imagine if that 1.5T was in the metals market. It would seem a benefit to govts, big industry and central banks that all this fake printed money chase fake assets rather than real ones.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on July 03, 2021, 10:50:04 AM
Quote from: Theoak* on July 03, 2021, 03:58:16 AM
Saylor has said BTC is the base layer and other applications will be built ontop of layer 1. I dont  recall him saying no regularion, infact he states regulation  is welcomed as it welcomes  adoption.  Be it Saylor, Musk Maxis .......btc doesn't  give two shits. BTC will keep growing organically.  Btc has weathered a tsunami of attacks over its short tenure, and like the hulk, the more you piss it off the larger and more ferocious it becomes.

These fudsters in this thread remind me of the slow kid in class who lashes out at his classmates because they understand the subject and he doesn't.

Like it's THEIR fault because HE hasn't been paying attention or doing his homework  ::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on July 03, 2021, 05:55:42 PM
Quote from: polychronopolous on July 03, 2021, 10:50:04 AM
These fudsters in this thread remind me of the slow kid in class who lashes out at his classmates because they understand the subject and he doesn't.

Like it's THEIR fault because HE hasn't been paying attention or doing his homework  ::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Marty Champions on July 03, 2021, 07:33:09 PM
This is a retarted thread for retards who want to lose money
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 03, 2021, 11:28:58 PM
Quote from: Marty Champions on July 03, 2021, 07:33:09 PM
This is a retarted thread for retards who want to lose money

You are a retard, if you think anyone on this thread wants to lose the money. The entire purpose of the discussion (whether you are for or against bitcoin) is how to avoid losing money. Think about it...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 03, 2021, 11:40:00 PM
Quote from: SOMEPARTS on July 03, 2021, 06:20:40 AM


Every form of technology is replaced by a cheaper, faster one. Every single one.

As a socio-economic experiment crypto is a success but the only real thing I've seen crypto do at this point is divert $$$ that would have otherwise gone into precious metals. Metals ETF vs physical has already decoupled, imagine if that 1.5T was in the metals market. It would seem a benefit to govts, big industry and central banks that all this fake printed money chase fake assets rather than real ones.

Yes, even gold, (although its use has existed for over 5000 years)...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on July 04, 2021, 02:23:16 AM
Quote from: gib on July 03, 2021, 11:28:58 PM
You are a retard, if you think anyone on this thread wants to lose the money. The entire purpose of the discussion (whether you are for or against bitcoin) is how to avoid losing money. Think about it...

You misunderstood what he said. We are 'retarted' "One who has been given additional tarts. Tartmobile vendor: Here is your extra tart sir. Consider yourself retarted."

I dont believe he referred  to us as 'retarded'.....that would  be ironic. An actual retarded statement.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on July 04, 2021, 06:02:08 AM
Quote from: Theoak* on July 04, 2021, 02:23:16 AM
You misunderstood what he said. We are 'retarted' "One who has been given additional tarts. Tartmobile vendor: Here is your extra tart sir. Consider yourself retarted."

I dont believe he referred  to us as 'retarded'.....that would  be ironic. An actual retarded statement.

 :D

(https://frinkiac.com/meme/S02E02/686543.jpg?b64lines=IExldCB0aGUgZm9vbHMgaGF2ZSB0aGVpcgogdGFydGFyIHNhdWNlLg==)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 04, 2021, 04:30:18 PM
Quote from: Theoak* on July 03, 2021, 03:58:16 AM
Saylor has said BTC is the base layer and other applications will be built ontop of layer 1. I dont  recall him saying no regularion, infact he states regulation  is welcomed as it welcomes  adoption.  Be it Saylor, Musk Maxis .......btc doesn't  give two shits. BTC will keep growing organically.  Btc has weathered a tsunami of attacks over its short tenure, and like the hulk, the more you piss it off the larger and more ferocious it becomes.

I liked his earlier layer talk. I thought that made a lot of sense if it could make it that far.

Recently he said he doesn’t want BTC to have aspirations because it brings regulation. No currency. No payments. No private wallets. He sees the downfall of ETH being that it has aspirations and with that will come heavier regulation which will kill ETH.

It’s an interesting decision he made. Better to sit and do nothing and ‘assume’ the nearest competitor who wants to do a lot more, will fail……..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 05, 2021, 05:00:12 AM
Quote from: polychronopolous on July 03, 2021, 10:50:04 AM
These fudsters in this thread remind me of the slow kid in class who lashes out at his classmates because they understand the subject and he doesn't.

Like it's THEIR fault because HE hasn't been paying attention or doing his homework  ::)

Bear markets contain lots of FUD because it is used to hide the large players exiting their positions. Makes sense yeah?

I’m pretty fair. I even said this first half of July is where we would see a rally take place if we are going to get one.

I mean, it’s not like the charts look all that fantastic……


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on July 05, 2021, 05:11:13 AM
Quote from: gib on July 03, 2021, 11:28:58 PM
You are a retard, if you think anyone on this thread wants to lose the money. The entire purpose of the discussion (whether you are for or against bitcoin) is how to avoid losing money. Think about it...

Falcone Landscaping LLC > Bitcoin investing
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on July 05, 2021, 10:39:50 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 05, 2021, 10:54:35 PM
Quote from: Mayday on July 04, 2021, 04:30:18 PM
I liked his earlier layer talk. I thought that made a lot of sense if it could make it that far.

Recently he said he doesn’t want BTC to have aspirations because it brings regulation. No currency. No payments. No private wallets. He sees the downfall of ETH being that it has aspirations and with that will come heavier regulation which will kill ETH.

It’s an interesting decision he made. Better to sit and do nothing and ‘assume’ the nearest competitor who wants to do a lot more, will fail……..

BTC has a great defined role as the rock solid base layer store of value upon which everything else is built. The planet around which many moons orbit.

Think of BTC as the forest floor, with various plants and organisms of all shapes and sizes growing on top, coming and going, evolving, competing, collaborating in symbiosis, all in an organic manner governed by the laws of nature and natural evolution.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 06, 2021, 03:46:27 AM
Ok so let’s say BTC is God’s gift.

Serious question, why did China just walk away?

They want world domination. They are on track to become the largest economy in the near future. They had the largest crypto mining % globally. Not only did they ban it but they shutdown the mining facilities.

It’s not the central bank crypto because that has a different purpose. What did they see happening that made them want to run a mile?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on July 06, 2021, 04:46:01 AM
Quote from: Mayday on July 06, 2021, 03:46:27 AM
Ok so let’s say BTC is God’s gift.

Serious question, why did China just walk away?

They want world domination. They are on track to become the largest economy in the near future. They had the largest crypto mining % globally. Not only did they ban it but they shutdown the mining facilities.

It’s not the central bank crypto because that has a different purpose. What did they see happening that made them want to run a mile?

Communist regime. Controlling the people is far more important, they're  still heavily reliant on USA buying their cheap goods and manufacturing it over there.
What good is a decentrilised monetary system in a heavily centralised communist regime? Does BTC not embody property and freedom? Basically everything China is opposed too.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 06, 2021, 05:22:14 AM
Quote from: Theoak* on July 06, 2021, 04:46:01 AM
Communist regime. Controlling the people is far more important, they're  still heavily reliant on USA buying their cheap goods and manufacturing it over there.
What good is a decentrilised monetary system in a heavily centralised communist regime? Does BTC not embody property and freedom? Basically everything China is opposed too.

BTC isn’t money, only meant to be a store of wealth.

It’s ok, kind of found my answer
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on July 06, 2021, 06:15:31 AM
Quote from: Mayday on July 06, 2021, 05:22:14 AM
BTC isn’t money, only meant to be a store of wealth.

It’s ok, kind of found my answer

Ok tell that to el.salvador. CCP would rather their  people store wealth in btc or their own country?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on July 06, 2021, 10:33:57 AM
Quote from: Mayday on July 06, 2021, 03:46:27 AM
Ok so let’s say BTC is God’s gift.

Serious question, why did China just walk away?

They want world domination. They are on track to become the largest economy in the near future. They had the largest crypto mining % globally. Not only did they ban it but they shutdown the mining facilities.

It’s not the central bank crypto because that has a different purpose. What did they see happening that made them want to run a mile?

Potential competition to their eYuan which will be used to keep more control over the population and their access to funds and ability to make payments.

With their current social credit point system they can make it impossible for someone to even buy a train ticket. This probably extends to using banks as well and transferring money.

Anyway, mining leaving China is a good thing, it will now be spread out over more countries. Before, it was about 60% in China.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Coffeed on July 06, 2021, 10:38:28 AM
China is a communist country. While I cannot grasp the bitcoin mania, it is easy to see why a government that wants total control over their people would be adamantly opposed to anonymous transactions.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 07, 2021, 04:21:18 AM
Quote from: Theoak* on July 06, 2021, 06:15:31 AM
Ok tell that to el.salvador. CCP would rather their  people store wealth in btc or their own country?

Ah yes, very true. El Salvador opted to have the world’s most volatile currency. We can see 15%+ swings inside a day. I have Asian country customers going apeshit when they get a 10% downswing over a month. Then we have the argument that Because money flows to the top, BTC ends up at the top end of town and unless they have a plan to give it all away for free to the plebs then you’ll quickly find out the rich in El Salvador just got bitcoin for free.

I went over why we use expansionary money systems before using monopoly as an example. We charge interest. The expansion (printing) is the interest allowance and allows plebs to keep playing the game. If we don’t expand, all money ends with one player and everybody else is broke. Bitcoin doesn’t work in today’s world because the top keep what they get, just like in monopoly.

Something to ponder when some countries adopt BTC as currency.

Quote from: Coffeed on July 06, 2021, 10:38:28 AM
China is a communist country. While I cannot grasp the bitcoin mania, it is easy to see why a government that wants total control over their people would be adamantly opposed to anonymous transactions.

It’s not anonymous, it’s tracked and reported. That is what regulation does. The only way to remain anonymous is to never cash out and never pay BTC to a reporting party otherwise they can see you.


China pulled out because of leverage risk across all assets. They want to distance themselves from crypto contagion.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on July 07, 2021, 06:39:44 AM
https://coinmarketcap.com/headlines/news/why-ethereum-eth-may-soon-overtake-bitcoin-btc/

Why Ethereum (ETH) May Soon Overtake Bitcoin (BTC)

Ethereum (ETH), the second-largest cryptocurrency by market cap has catapulted to mainstream adoption this bull season along with Bitcoin (BTC). It has become a growing choice of financial institutions and many including the likes of Goldman Sachs and JP Morgan believe it has the potential to eventually overtake BTC as the new store of value.

Goldman Sachs has joined JP Morgan to advocate for ETH as the next store of value and suggest its smart contract capabilities along with its various use cases make it the most sought-after digital asset in the current market. The financial giant’s comment came on Tuesday where it said,

“currently looks like the cryptocurrency with the highest real use potential as Ethereum, the platform on which it is the native digital currency, is the most popular development platform for smart contract applications”

Earlier JP Morgan has lauded Ethereum’s market depth and blockchain capabilities that support smart contracts and the defi ecosystem. The banking giant also predicted the ETH 2.0 could open the gates for a $40 billion staking market.

The ETH 2.0 blockchain staking has also led to a declining ETH supply in the market which in turn has helped its demand to go further up. The evolving Defi ecosystem and several use cases have made it one of the growing choices of institutions.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 07, 2021, 10:00:45 AM
This is the puppet master (Chicagos wealthiest man, net worth $16b) behind the majority of the crypto pumps and dumps in 2021

(https://www.chicagotribune.com/resizer/05ffRV5LUyIBOZb_rCWSj-5Ul2k=/415x281/top/cloudfront-us-east-1.images.arcpublishing.com/tronc/C44LYNSCA5GGPD2FANVHDVX6RQ.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on July 07, 2021, 01:07:49 PM
https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-gears-up-for-its-upcoming-triple-halving-202107071339

Ethereum price gears up for its upcoming ‘Triple Halving'

Ethereum enthusiasts are waiting for the delayed release of the London hard fork while trading with caution. The most notable Ethereum Improvement Proposals (EIP) in the upgrade is EIP 1559. This, combined with the transition to Proof-of-Stake (PoS) is considered equivalent to a “Triple Halving”.

Ethereum prepares for network upgrade

The upcoming London hard fork is a critical milestone in the Ethereum roadmap leading up to the release of ETH 2.0. It will change the protocol’s consensus algorithm from Proof-of-Work to Proof-of-Stake and restructure the monetary policy.

Currently, transaction fees are calculated by the concept of the "first-price auction.” Market participants bid a set price for miners to process their transactions and the highest bidder wins. However, this is set to change with EIP 1559.

The network update will introduce a “base fee” for transactions to be included in a block. Users who wish to prioritize their transactions will have the option to add a “tip” or “priority fee” to incentivize miners for including their transactions in the next block. The higher the tip the bigger the chances for the transaction to be processed.

EIP 1559 does not directly intend to make gas cheaper. The base fee will fluctuate by up to 12.5% after blocks are more than 50% full, which makes transaction fees predictable and transparent to prevent users from overpaying for gas.

Among other changes that result from the EIP 1559 upgrade, the most notable one is that 70% of transaction fees on the Ethereum network will be burned, meaning that this supply will be deleted from circulation. The remaining 30% will be delivered to stakers as an additional staking reward, in addition to their regular issuance.

The significant drop in Ether supply is key to drive Ethereum’s price since it makes it a deflationary asset.

Popular Ethereum Researcher Nikhil Shamapant, mentioned in his research on EIP 1559  that

While many Ethereum bulls fully understand that EIP1559 will improve Ether as a store of value, I don’t think they are modeling for the further way it affects elasticity of supply. If supply is being removed, it matters more if it’s being removed from HODlers who were already inelastic anyway or speculators who can’t sell that Ether in the future. There is no more inelastic source of supply than nonexistent supply.

The so-called Triple Halving

Given the significance of the upcoming protocol upgrade, the concept of “Ethereum Triple Halving” that started as an analogy on Crypto Twitter has evolved into an analysis of financial flows to predict what will happen to the price of Ethereum by January 2023.

Ethereum’s Triple Halving has its roots in the reduction in supply, Following a successful upgrade to EIP 1559, a drop in sell pressure is expected. Analysts believe that  a 30% reduction of circulating Ether could take place, which is about half of the effect of a single Bitcoin halving. Meanwhile, the transition to PoS might result in a supply shock equivalent to two halvings.

The much-awaited London hard fork was expected to go live this month, but after a delay, Ethereum core developer Tim Beiko proposed August 4 as the potential launch date. Other key developers will make a final decision on July 9.

While the exact date of the network update remains to be decided, US multinational investment bank Goldman Sachs is bullish on Ethereum.

“[Ether] currently looks like the cryptocurrency with the highest real use potential as Ethereum, the platform on which it is the native digital currency, is the most popular development platform for smart contract applications.”



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 07, 2021, 06:54:38 PM
Quote from: Coffeed on July 06, 2021, 10:38:28 AM
China is a communist country. While I cannot grasp the bitcoin mania, it is easy to see why a government that wants total control over their people would be adamantly opposed to anonymous transactions.

Not only does the CCP want greater control over Chinese people (whether inside of China or overseas), but it wants control of other parts of the world. Much easier to do this with a controlled Chinese currency which can monitor every transaction down to an individual level. Much harder to do with a decentralized currency over which China as no control of. BTC stands for freedom and individuality (which is entirely counter to, and indeed threatens, the core principles of the communist ideology).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 07, 2021, 07:08:52 PM
Quote from: Mayday on July 07, 2021, 04:21:18 AM
El Salvador opted to have the world’s most volatile currency. We can see 15%+ swings inside a day. I have Asian country customers going apeshit when they get a 10% downswing over a month. Then we have the argument that Because money flows to the top, BTC ends up at the top end of town and unless they have a plan to give it all away for free to the plebs then you’ll quickly find out the rich in El Salvador just got bitcoin for free.


Its easy to see how those privileged enough to lived in countries that have enjoyed currency stability might find the move to officially adopting BTC to be unusual. El Salvador has never had a stable monetary system, and although the USD is not a bad choice for relative stability, before BTC was adopted, they were entirely at the whims (and also under the control) of the US, and US monetary policy. Bitcoin’s fixed, long-term monetary policy, which cannot be changed, arguably provides even greater long term stability and independence (despite short term volatility). Moving from a weaker and devaluing currency to one that will over time always remain perfectly limited in supply could have huge long term advantages, especially for early adopters who can ride out the volatility until a much larger market cap is achieved. Part of the process will be the education of locals on the difference between volatility and long term fundamentals. Payment apps will likely also provide automated and seamless hedging tools.

I'm really excited to see how it all pans out. Will be some great learnings along the way on economics and human behaviour!



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on July 08, 2021, 03:30:02 AM
Everyone,

I was off the media and online crypto news outlets yesterday and noticed that as of this morning, BTC took a 6%+ dive which sent other alts (ETH included) down.

What happened? Simple pullback? I saw the bearish divergence ETH had yesterday that suggested a drop was probably incoming, but what tipped them all off?

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on July 08, 2021, 03:43:07 AM
Quote from: Mayday on July 06, 2021, 05:22:14 AM
BTC isn’t money, only meant to be a store of wealth.

It’s ok, kind of found my answer

I thought bitcoin was a currency?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 08, 2021, 06:32:26 AM
Quote from: OneMoreRep on July 08, 2021, 03:30:02 AM
Everyone,

I was off the media and online crypto news outlets yesterday and noticed that as of this morning, BTC took a 6%+ dive which sent other alts (ETH included) down.

What happened? Simple pullback? I saw the bearish divergence ETH had yesterday that suggested a drop was probably incoming, but what tipped them all off?

"1"

Looks like a predetermined Crypto dump in anticipation of the global markets taking a hit today.

Institutions selling crypto assets to cover losses elsewhere.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on July 08, 2021, 07:14:51 AM
Quote from: Flexacon on July 08, 2021, 06:32:26 AM
Looks like a predetermined Crypto dump in anticipation of the global markets taking a hit today.

Institutions selling crypto assets to cover losses elsewhere.


They added a 4th shell to the shell game to keep it going. Like I said last page, a fake asset for the fake printed money to chase.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on July 08, 2021, 07:16:48 AM
Quote from: IroNat on July 08, 2021, 03:43:07 AM
I thought bitcoin was a currency?



It's whatever keeps the pumper dudes going from day to day. It would be a currency but the get rich quick crowd is too FOMO to buy anything with it.  :D


(https://media4.giphy.com/media/l0HUprppsEufRsdrO/giphy.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on July 08, 2021, 08:30:33 AM
The rich fucks have figured out how to manipulate the cryptos now.  Just follow the trend for the last few months.  10% dip, they buy, it goes up 10% they sell, on and on and on.  they are making 10% profit every other day. if you consider the billions they're using to do this they are making serious money each time.  We are now stuck in a purely manipulated market.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 08, 2021, 08:44:38 AM
Quote from: El Diablo Blanco on July 08, 2021, 08:30:33 AM
The rich fucks have figured out how to manipulate the cryptos now. Just follow the trend for the last few months.  10% dip, they buy, it goes up 10% they sell, on and on and on.  they are making 10% profit every other day. if you consider the billions they're using to do this they are making serious money each time.  We are now stuck in a purely manipulated market.

That's been the case since at least December/Jan, and probably as far back as 2018.

I believe they were looking to take BTC over 100k, but the SEC passed rules in May that handcuffed them, so we now get them playing pong between 30k and 40k

Here's the thing though (and the reason why they were handcuffed). They did it mostly using insane leverage, so didn't really need as much money to manipulate the markets as you'd imagine.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 08, 2021, 03:00:22 PM
Quote from: gib on July 07, 2021, 07:08:52 PM
Its easy to see how those privileged enough to lived in countries that have enjoyed currency stability might find the move to officially adopting BTC to be unusual. El Salvador has never had a stable monetary system, and although the USD is not a bad choice for relative stability, before BTC was adopted, they were entirely at the whims (and also under the control) of the US, and US monetary policy. Bitcoin’s fixed, long-term monetary policy, which cannot be changed, arguably provides even greater long term stability and independence (despite short term volatility). Moving from a weaker and devaluing currency to one that will over time always remain perfectly limited in supply could have huge long term advantages, especially for early adopters who can ride out the volatility until a much larger market cap is achieved. Part of the process will be the education of locals on the difference between volatility and long term fundamentals. Payment apps will likely also provide automated and seamless hedging tools.

I'm really excited to see how it all pans out. Will be some great learnings along the way on economics and human behaviour!

We have had 30%+ currency exchange rate swings here. 15% is pretty common and fuel swings daily and can be brutal to see a 10% overnight move.

I agree, those not living in UsD or EUR stable currency countries see what happens on a daily basis. If our govt said we were adopting bitcoin people would go apeshit to have something even more volatile than our peso.

There is always more to the story -
Countries with a history of unrest, corruption, bankruptcy always want to blame everything/everyone else for their own mismanagement. The leaders got BTC because they believe it’ll be worth a gazillion and their own wealth will benefit. A beach side village in El Salvadore uses crypto because they are dodging taxes. Don’t get to carried away with the ‘financial freedom’ dream message maxis dish out.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 08, 2021, 03:08:17 PM
Quote from: SOMEPARTS on July 08, 2021, 07:16:48 AM


It's whatever keeps the pumper dudes going from day to day.

Just like how 64k was the peak and maxis keep saying it’s a bull market.

The way it looks at the moment is the bottom BTC price will coincide with a market dummy spit like what Flex is saying.

I hope that is in 2021 but it’s more likely be in 2022 when the Fed actually does raise rates. This makes crypto a year long bear market which also marries up with it’s history post ATH peak.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on July 08, 2021, 07:39:03 PM
Quote from: Mayday on July 08, 2021, 03:08:17 PM


I hope that is in 2021 but it’s more likely be in 2022 when the Fed actually does raise rates.


 
That would be an extra special recession trigger, but wash, rinse, repeat...how many times do we have to see the Fed do things that benefit the 1%?

I doubt rates will significantly rise as they did with Trump but if so consumers get slaughtered for buying 0% and 0 down with no jobs.

I'm in cash waiting for cheap real stuff to buy. No casinos for me.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 09, 2021, 12:09:27 AM
Quote from: Mayday on July 08, 2021, 03:00:22 PM
We have had 30%+ currency exchange rate swings here. 15% is pretty common and fuel swings daily and can be brutal to see a 10% overnight move.

I agree, those not living in UsD or EUR stable currency countries see what happens on a daily basis. If our govt said we were adopting bitcoin people would go apeshit to have something even more volatile than our peso.

There is always more to the story -
Countries with a history of unrest, corruption, bankruptcy always want to blame everything/everyone else for their own mismanagement. The leaders got BTC because they believe it’ll be worth a gazillion and their own wealth will benefit. A beach side village in El Salvadore uses crypto because they are dodging taxes. Don’t get to carried away with the ‘financial freedom’ dream message maxis dish out.

Lets not forget the main reason (and benefit) of the adoption of BTC. Its initial primary benefit will be the facilitation of zero friction foreign remittances via lightening network, with BTC as a base layer (instantly convertible to  USDT, in any proportion they wish). So they can avoid all BTC to USD volatility if they wish. Or they can allocate and cash in/out as they wish. So now they have access to a banking system, without the need for a bank as an intermediary, both for savings, spending, and remittance.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on July 09, 2021, 03:22:04 AM
Quote from: gib on July 09, 2021, 12:09:27 AM
Lets not forget the main reason (and benefit) of the adoption of BTC. Its initial primary benefit will be the facilitation of zero friction foreign remittances via lightening network, with BTC as a base layer (instantly convertible to  USDT, in any proportion they wish). So they can avoid all BTC to USD volatility if they wish. Or they can allocate and cash in/out as they wish. So now they have access to a banking system, without the need for a bank as an intermediary, both for savings, spending, and remittance.

El Salvadorians in USA send 10billion back to their home country every year. 1 billion of that is in remittances.  BTC on the lightning network via strike wipes remittances to virtually nothing.   
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 09, 2021, 03:39:45 AM
Quote from: SOMEPARTS on July 08, 2021, 07:39:03 PM
That would be an extra special recession trigger, but wash, rinse, repeat...how many times do we have to see the Fed do things that benefit the 1%?

I doubt rates will significantly rise as they did with Trump but if so consumers get slaughtered for buying 0% and 0 down with no jobs.

I'm in cash waiting for cheap real stuff to buy. No casinos for me.


From memory the Fed said 2 rate rises before the end of 2023 and one of those will happen in 2022. They won’t be big but with growing debt value you require lower rate adjustment because the values are so large. 0.1% rise today is probably like 0.25% in 2017.

There is always a deflationary event in order to justify an inflationary policy.

Right now, the data coming back to the US says the Economy is doing awesome, salaries are up (including stimmy), jobs shortages, property up, sharemarket up. There is no justification to keep pumping in trillions when things look great because inflation is beginning to blow up (5%+).

Hence the taper talk to warn the market to back off the leverage and make inflation go away for a while. If the market doesn’t back off, they’ll send stronger messages and then eventually have no choice but to raise rates and force the sell off.

CPI comes out on 13th July. April was 4.4% May was 5% so if June result goes higher it will mean likely action from the Fed to pullback on QE or raise rates early. In which case expect the market to freak out as they close positions.


Buy a high end car. I tried to convince my wife to get a low km used Mercedes AMG GT or Audi R8, drive daily, sell as high km car for sale price 2yrs later. It sounds crazy but because you can pickup one with sub 10,000kms you can easily sell for 50,000kms later on. Prices on these cars have gone up significantly here.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 09, 2021, 03:49:10 AM
Quote from: gib on July 09, 2021, 12:09:27 AM
Lets not forget the main reason (and benefit) of the adoption of BTC. Its initial primary benefit will be the facilitation of zero friction foreign remittances via lightening network, with BTC as a base layer (instantly convertible to  USDT, in any proportion they wish). So they can avoid all BTC to USD volatility if they wish. Or they can allocate and cash in/out as they wish. So now they have access to a banking system, without the need for a bank as an intermediary, both for savings, spending, and remittance.


It’s a good way around sanctions so I’d like to see how those countries decide to use that freedom. Do they use it for corruption or do they use it to develop their country and people?

Crypto will cause enormous pain for the banking system and I’d expect we are going to see huge crashes in crypto ahead as those events play out.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on July 09, 2021, 05:21:42 AM
Quote from: Mayday on July 09, 2021, 03:39:45 AM

From memory the Fed said 2 rate rises before the end of 2023 and one of those will happen in 2022. They won’t be big but with growing debt value you require lower rate adjustment because the values are so large. 0.1% rise today is probably like 0.25% in 2017.

There is always a deflationary event in order to justify an inflationary policy.

Right now, the data coming back to the US says the Economy is doing awesome, salaries are up (including stimmy), jobs shortages, property up, sharemarket up. There is no justification to keep pumping in trillions when things look great because inflation is beginning to blow up (5%+).

Hence the taper talk to warn the market to back off the leverage and make inflation go away for a while. If the market doesn’t back off, they’ll send stronger messages and then eventually have no choice but to raise rates and force the sell off.

CPI comes out on 13th July. April was 4.4% May was 5% so if June result goes higher it will mean likely action from the Fed to pullback on QE or raise rates early. In which case expect the market to freak out as they close positions.


Buy a high end car. I tried to convince my wife to get a low km used Mercedes AMG GT or Audi R8, drive daily, sell as high km car for sale price 2yrs later. It sounds crazy but because you can pickup one with sub 10,000kms you can easily sell for 50,000kms later on. Prices on these cars have gone up significantly here.


The metrics are a joke, counting stimulus as a plus on the ledger is at the top of that. When actual bad news comes they deflect and change the way it is measured...anything to avoid not being in a "bull" market. They just sent helicopter money to paper over everything, things should be incredible and prices should go up just due to the easy money out there chasing the same goods. Predictably the people that got the checks didn't spend it on rent and student loans when they didn't have to...they shopped...a demand side lab exoeriment. The cheap labor market is short due to stimmy...most of those jobs were equal or less than the stimmy checks and the small businesses that went out under covid have not truly been figured in yet. What I'm saying is there are no fundamentals to raise rates to equal inflation rate IMO, and if they can't do that they will have to print more and ZIRP because what else is there unless we are admitting that dollar inflation itself is creating value? It's obvious they plan to run the train to the end of the tracks. That means the markets, housing, cars and everything else continue to go up until they don't. When? Wish I knew. As this all relates to crypto what they are doing with the dollar is probably what you would do if you knew monetary reset/one world money was imminent. It won't be BTC though.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on July 09, 2021, 05:52:04 AM
Quote from: Theoak* on July 09, 2021, 03:22:04 AM
El Salvadorians in USA send 10billion back to their home country every year. 1 billion of that is in remittances.  BTC on the lightning network via strike wipes remittances to virtually nothing.

Wait a second..but I thought Bitcoin was "too slow" and "old technology" and would do nothing to "disrupt the banks"  ???

Tell these El Salvadorians to get their asses back in line at Western Union and let that company get their slice!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on July 09, 2021, 05:59:12 AM
Bitcoin Mining Saves Oldest Hydro Power Station in the US


The age-old Mechanicville hydro plant built-in 1897, became a legendary milestone in the history of sustainable energy after starting Bitcoin mining. The hydro plant was inactive for a while now due to old machinery. After generous input of time, money, and other resources, the plant is officially in a condition to function.

Mechanicville hydro plant has decided to partially fuel bitcoin mining to cover its losses and give back to the economy with sustainable crypto generation.

“We can make more money with bitcoin than selling the electricity to National Grid,”, Jim Besha Sr., CEO of Mechanicville hydroelectric station, told Times-Union.

Albany Engineering Corp., Mechanicville hydro plant’s parent company which is also owned by Besha, earned a total of 3 cents per kilowatt-hour when it sold energy to National Grid. Whereas, mining the decentralized bitcoin, gives them thrice the profit.


Besha has made it clear that the hydropower plant guarantees no loyalty to the crypto community due to the volatile nature of the decentralized currency. Besha sells 1/1000 bitcoins every week maintains liquidity in his accounts. He aimed to sell sustainable energy to organizations that would further use it as energy instead of producing something else out of that electricity. But for now, Besha is content in his deal with bitcoin miners.

“It’s the best (type of bitcoin mining) because we’re using renewable energy…We’re just doing it on the side, experimenting with it. We’re buying used servers.”, Besha told Times-Union.

https://coingape.com/bitcoin-mining-saves-oldest-hydro-power-station-in-the-us/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on July 09, 2021, 06:25:54 AM
Quote from: polychronopolous on July 09, 2021, 05:59:12 AM
Bitcoin Mining Saves Oldest Hydro Power Station in the US


The age-old Mechanicville hydro plant built-in 1897, became a legendary milestone in the history of sustainable energy after starting Bitcoin mining. The hydro plant was inactive for a while now due to old machinery. After generous input of time, money, and other resources, the plant is officially in a condition to function.

Mechanicville hydro plant has decided to partially fuel bitcoin mining to cover its losses and give back to the economy with sustainable crypto generation.

“We can make more money with bitcoin than selling the electricity to National Grid,”, Jim Besha Sr., CEO of Mechanicville hydroelectric station, told Times-Union.

Albany Engineering Corp., Mechanicville hydro plant’s parent company which is also owned by Besha, earned a total of 3 cents per kilowatt-hour when it sold energy to National Grid. Whereas, mining the decentralized bitcoin, gives them thrice the profit.


Besha has made it clear that the hydropower plant guarantees no loyalty to the crypto community due to the volatile nature of the decentralized currency. Besha sells 1/1000 bitcoins every week maintains liquidity in his accounts. He aimed to sell sustainable energy to organizations that would further use it as energy instead of producing something else out of that electricity. But for now, Besha is content in his deal with bitcoin miners.

“It’s the best (type of bitcoin mining) because we’re using renewable energy…We’re just doing it on the side, experimenting with it. We’re buying used servers.”, Besha told Times-Union.

https://coingape.com/bitcoin-mining-saves-oldest-hydro-power-station-in-the-us/

Bitcoin energy use will revolutionize renewable energy, and support the creation of new energy sources in places that would not have had them without bitcoin providing a base use with value.  Bitcoin is going to make the earth greener faster than just about any technology we have ever seen before.

And that is just a side effect of the real freedom it brings. Bitcoin is more important than even we have understood.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 09, 2021, 06:50:55 PM
Quote from: SOMEPARTS on July 09, 2021, 05:21:42 AM
What I'm saying is there are no fundamentals to raise rates to equal inflation rate IMO, and if they can't do that they will have to print more and ZIRP because what else is there unless we are admitting that dollar inflation itself is creating value? It's obvious they plan to run the train to the end of the tracks. That means the markets, housing, cars and everything else continue to go up until they don't. When? Wish I knew. As this all relates to crypto what they are doing with the dollar is probably what you would do if you knew monetary reset/one world money was imminent. It won't be BTC though.

I just wrote an awesome response but it’s miles to big so I deleted and will keep it simple.

The Fed doesn’t want the values to fly up, they want the leverage to come down and values to go up very slowly.

the fundamental behind raising rates is to force the market to reduce leverage/risk.

Hence why the CPI data in July is very important. The Fed wants 2%-3% and we have 5%. If it goes up in The next report it signals to the market to expect Fed interaction earlier than expected. The Fed isn’t going to allow 5%+ go unchecked right now.

Short term —> Jul-Aug-Sep are keys months and you will need to be watching CPI.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 09, 2021, 08:12:07 PM
Quote from: SOMEPARTS on July 09, 2021, 05:21:42 AM

 As this all relates to crypto what they are doing with the dollar is probably what you would do if you knew monetary reset/one world money was imminent. It won't be BTC though.

It already is BTC though.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on July 13, 2021, 02:35:32 AM
I haven't been following this thread as much. You guys are way over my head. What I have noticed is that BTC has budge in quite a while. Just stuck in the 33-34 range.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on July 13, 2021, 01:51:50 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 14, 2021, 12:36:37 AM
Less words makes it easier.

5.4% CPI means we wait for taper talk and/or rates.

Inflation triggers a deflationary event which triggers an inflationary policy outcome.

However, if the Fed choose to leave inflation unchecked, we will see a massive commodity boom and it will kick off Bitcoin aswell.

The risk the Fed takes is if they do not have a small correction now by removing excess leverage, they open the door to a massive collapse in 2022.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on July 14, 2021, 06:23:31 AM
Quote from: FitnessFrenzy on July 13, 2021, 01:51:50 PM


People can just transfer crypto to a local exchange and withdraw from there. This is how foreign based exchanges are used in many countries.

If all cash withdrawals on Binance were stopped, it wouldn't change anything, their funds would not be stuck on the exchange.

XRP costs a few cents to transfer and takes about 30 seconds so it is a popular choice.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on July 14, 2021, 06:50:08 AM
Quote from: gib on July 09, 2021, 12:09:27 AM
Lets not forget the main reason (and benefit) of the adoption of BTC. Its initial primary benefit will be the facilitation of zero friction foreign remittances via lightening network, with BTC as a base layer (instantly convertible to  USDT, in any proportion they wish). So they can avoid all BTC to USD volatility if they wish. Or they can allocate and cash in/out as they wish. So now they have access to a banking system, without the need for a bank as an intermediary, both for savings, spending, and remittance.

That applies to most crypto.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on July 14, 2021, 09:15:47 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on July 14, 2021, 09:46:30 AM
FFS Do any of these crypto youtube geniuses own a decent shirt and tie?

I prefer a certain level of professionalism when being conned and lied to.  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on July 14, 2021, 09:53:20 AM
Quote from: Mayday on July 14, 2021, 12:36:37 AM
Less words makes it easier.

5.4% CPI means we wait for taper talk and/or rates.

Inflation triggers a deflationary event which triggers an inflationary policy outcome.

However, if the Fed choose to leave inflation unchecked, we will see a massive commodity boom and it will kick off Bitcoin aswell.

The risk the Fed takes is if they do not have a small correction now by removing excess leverage, they open the door to a massive collapse in 2022.



Instead of letting a 10 year bull correct 40% they just made up another 911 and doubled down on printing.

The cost of real goods and services has gone up permanently until a crash IMO, they put the pedal to the floor no going back. None of this relies on actual demand, it's more money chasing the same goods.

Look at the rate Goldman has been selling off.


(https://media4.giphy.com/media/1hMhlrWWfXU77iYnBB/200.gif)


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on July 14, 2021, 12:53:20 PM
HEX is exploding higher:
https://coinmarketcap.com/currencies/hex/

Any Getbiggers own it?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on July 14, 2021, 04:59:04 PM
Oklo and Compass Secure 20-Year Commercial Partnership to Launch Advanced Fission-Powered Bitcoin Mining

Compass and Oklo have signed a 20-year partnership to power Bitcoin mining with advanced fission

Oklo will begin to supply Compass with clean, reliable, and cost-effective power starting in the early 2020s

The commercial partnership between Oklo and Compass aims to promote diverse and sustainable energy sources for cryptocurrency miners

SUNNYVALE, Calif.--(BUSINESS WIRE)--Oklo Inc. (Oklo) announces a 20-year commercial partnership with Compass Mining (Compass), the world's first online marketplace for Bitcoin mining hardware and hosting. With increasing power consumption from bitcoin mining, the partnership between Oklo and Compass aims to introduce advanced fission to supplement fossil fuels and promote diversity and sustainability in the energy sources used by miners. Oklo’s advanced fission powerhouses will provide clean, reliable, and affordable baseload power for Compass’ Bitcoin mining machines, starting in the early 2020s. Oklo is committed to supplying at least 150MW of clean power to Compass in the first phase of this partnership, helping drive the sustainability of Bitcoin mining practices.

“We are proud to blaze new trails on the commercialization of our powerhouses by partnering with Compass in decarbonizing Bitcoin,” said Jacob DeWitte, co-founder and CEO of Oklo. Oklo is the first advanced fission company to have its license to construct and operate a power plant be accepted for review by the U.S. Nuclear Regulatory Commission.

“Cryptocurrency mining offers promising pathways to accelerate the deployment of clean energy technologies, and Oklo is positioned to respond to commercial demands by offering end-users the convenience of buying clean, reliable, and cost-effective power that they can depend on,” added DeWitte. Oklo’s path to deployment strives to optimize its power plant designs to be cost-competitive with the cheapest forms of energy.

https://www.businesswire.com/news/home/20210714005433/en/Oklo-and-Compass-Secure-20-Year-Commercial-Partnership-to-Launch-Advanced-Fission-Powered-Bitcoin-Mining
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 15, 2021, 12:01:36 AM
Quote from: SOMEPARTS on July 14, 2021, 09:53:20 AM


Instead of letting a 10 year bull correct 40% they just made up another 911 and doubled down on printing.

The cost of real goods and services has gone up permanently until a crash IMO, they put the pedal to the floor no going back. None of this relies on actual demand, it's more money chasing the same goods.

Look at the rate Goldman has been selling off.


(https://media4.giphy.com/media/1hMhlrWWfXU77iYnBB/200.gif)

To rationalise the Fed’s action today we can look at the Great Depression. The mistakes made during the 30s was the Fed didn’t print money early enough (Great Depression) but also that they took their foot off the printing press gas after a brief recovery causing a multi year recession.

Therefore keep the pedal pinned until it’s clear you are on the other side, hence inflation is transitory but it’s cost push inflation not demand driven.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 15, 2021, 12:19:36 AM
Active addresses blasted back to the Stone Age where price was 10k’ish.

It is big boys only club now and price is at 32k.

<George Soros has entered the chat>
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on July 15, 2021, 01:47:03 AM
This guy got rich (so far) from HEX. His initial 15.000 dollar investment turned into this:

(https://i.redd.it/fuj5qp8kx8b71.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on July 15, 2021, 01:49:06 AM
Quote from: El Diablo Blanco on June 18, 2015, 12:48:38 PM
That ship has sailed.  There was money to be made for a while but now mining is super slow and competitive and MtGox fucked over a lot of people and proved it is a big scam.

 :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Jakobslander on July 15, 2021, 02:46:36 AM
Quote from: FitnessFrenzy on July 14, 2021, 12:53:20 PM
HEX is exploding higher:
https://coinmarketcap.com/currencies/hex/

Any Getbiggers own it?

I do. Got almost 300 t-shares (2.5MM coins). I got in 4 months before the bonus, set up a bunch stakes (most are 5555 and three small ones end in 3 months) and am up 47x since the beginning.

I invested 7K and have now 315k.

It's not so much the price appreciation, it's the interest that I love. What you own, in USD terms, barely goes down because there are morons out there that trade this coin and emergency un-stake all the time. Then the game theory kicks in and you see a nice bump in the interest thanks to these morons.

The game theory behind the interest paying scheme is really a thing of beauty. It's NextGen stuff. Richard Heart built something really amazing.

That people still call this coin a scam is testament of how fucked up the industry is. I'm telling you, this coin is going to accumulate so much economic mass with such a large % of staked money, that the things built atop it will eventually explode. It's like a small local bank in a town with a population of 500 having 3 billion dollars deposited in its vault with nowhere to go but finance the 500 lucky suckers' projects.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on July 15, 2021, 03:27:24 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 15, 2021, 04:50:13 AM
Quote from: FitnessFrenzy on July 15, 2021, 03:27:24 AM


Maxis are going apeshit about it.

Saylor made it clear he doesn’t want BTC to do anything or have any aspirations.

So here comes Million Coin which is a mimic and doesn’t do anything either lol.

Crypto exchange market is evolving into a meme space and maxis are getting upset that retail FOMO is preferring to play in meme space over BTC which means BTC can’t pump like they want it to.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on July 15, 2021, 04:59:49 AM
Quote from: Mayday on July 15, 2021, 04:50:13 AM
Maxis are going apeshit about it.

Saylor made it clear he doesn’t want BTC to do anything or have any aspirations.

So here comes Million Coin which is a mimic and doesn’t do anything either lol.

Crypto exchange market is evolving into a meme space and maxis are getting upset that retail FOMO is preferring to play in meme space over BTC which means BTC can’t pump like they want it to.



And this is why bad tech is not going to be a store of value. This is meme currency, it all is. The people talking about it on youtube might as well be doing videos on anime.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on July 15, 2021, 05:10:13 AM
Quote from: Mayday on July 15, 2021, 12:01:36 AM
To rationalise the Fed’s action today we can look at the Great Depression. The mistakes made during the 30s was the Fed didn’t print money early enough (Great Depression) but also that they took their foot off the printing press gas after a brief recovery causing a multi year recession.

Therefore keep the pedal pinned until it’s clear you are on the other side, hence inflation is transitory but it’s cost push inflation not demand driven.


This is the tail wagging the dog as far as demand. They tapped the consumer out and were just finding new ways to keep them buying with ZIRP etc ... finally they just go helicopter money. They couldn't risk a return to value, nobody wants to be on that watch. Technology has a centralizing and streamlining effect that if anything was sped up under covid and that could be the true deflationary force.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on July 15, 2021, 06:52:13 AM
Quote from: Jakobslander on July 15, 2021, 02:46:36 AM
I do. Got almost 300 t-shares (2.5MM coins). I got in 4 months before the bonus, set up a bunch stakes (most are 5555 and three small ones end in 3 months) and am up 47x since the beginning.

I invested 7K and have now 315k.

It's not so much the price appreciation, it's the interest that I love. What you own, in USD terms, barely goes down because there are morons out there that trade this coin and emergency un-stake all the time. Then the game theory kicks in and you see a nice bump in the interest thanks to these morons.

The game theory behind the interest paying scheme is really a thing of beauty. It's NextGen stuff. Richard Heart built something really amazing.

That people still call this coin a scam is testament of how fucked up the industry is. I'm telling you, this coin is going to accumulate so much economic mass with such a large % of staked money, that the things built atop it will eventually explode. It's like a small local bank in a town with a population of 500 having 3 billion dollars deposited in its vault with nowhere to go but finance the 500 lucky suckers' projects.

What exchange do you use for purchase of Hex?

I respect Richard Heart. I think he is one of the few voices of truth in crypto and the other day he singlehandedly OWNED Ben Armstrong's BitBoy crew while on their show.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on July 15, 2021, 06:58:13 AM
Smart man. He is looking 60+ years into the future instead of 6 months.

NFL’s Saquon Barkley converting endorsements to BTC to create ‘generational wealth’


NFL star Saquon Barkley has revealed that he will be converting all of his endorsement money into Bitcoin.

Barkley was the 2018 NFL offensive rookie of the year and plays as a running back for the New York Giants — a team that is also sponsored by Grayscale.

The 24-year-old explained the rationale for the move earlier today during an appearance on “The Best Business Show,” hosted by Bitcoin proponent and Morgan Creek Digital co-founder Anthony Pompliano. He noted that his research on inflation is what drove his interest in Bitcoin:

"We're seeing inflation and we're learning you can't save wealth. That's why I am going to be taking my marketing money in Bitcoin."
Barkley was joined on the show by Jack Mallers, the CEO of Strike, a payments company based on the Lightning Network. The NFL star cites the CEO as a key person who helped educate him on the benefits of investing in Bitcoin. Mallers was also highly influential in El Salvador’s embrace of Bitcoin.

As part of the move to convert his reported eight-figure yearly marketing endorsement money, Barkley will take direct deposits into his Strike account and instantly convert the money into BTC.

Barkley stated that he sees his opportunity in the NFL as a chance to emulate cult sports figures such as Lebron James of the LA Lakers, Kevin Durant of the Brooklyn Nets and Tom Brady of the Tampa Bay Buccaneers, by creating generational wealth for his family.

https://cointelegraph.com/news/nfl-s-saquon-barkley-converting-endorsements-to-btc-to-create-generational-wealth
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on July 15, 2021, 02:50:53 PM
Quote from: Mayday on July 15, 2021, 12:19:36 AM
Active addresses blasted back to the Stone Age where price was 10k’ish.

It is big boys only club now and price is at 32k.

<George Soros has entered the chat>

And yet whales are accumulating more and amounts are increasingly going off exchanges into cold storage or for staking.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on July 15, 2021, 04:56:25 PM
Quote from: polychronopolous on July 15, 2021, 06:58:13 AM
Smart man. He is looking 60+ years into the future instead of 6 months.

NFL’s Saquon Barkley converting endorsements to BTC to create ‘generational wealth’


NFL star Saquon Barkley has revealed that he will be converting all of his endorsement money into Bitcoin.

Barkley was the 2018 NFL offensive rookie of the year and plays as a running back for the New York Giants — a team that is also sponsored by Grayscale.

The 24-year-old explained the rationale for the move earlier today during an appearance on “The Best Business Show,” hosted by Bitcoin proponent and Morgan Creek Digital co-founder Anthony Pompliano. He noted that his research on inflation is what drove his interest in Bitcoin:

"We're seeing inflation and we're learning you can't save wealth. That's why I am going to be taking my marketing money in Bitcoin."
Barkley was joined on the show by Jack Mallers, the CEO of Strike, a payments company based on the Lightning Network. The NFL star cites the CEO as a key person who helped educate him on the benefits of investing in Bitcoin. Mallers was also highly influential in El Salvador’s embrace of Bitcoin.

As part of the move to convert his reported eight-figure yearly marketing endorsement money, Barkley will take direct deposits into his Strike account and instantly convert the money into BTC.

Barkley stated that he sees his opportunity in the NFL as a chance to emulate cult sports figures such as Lebron James of the LA Lakers, Kevin Durant of the Brooklyn Nets and Tom Brady of the Tampa Bay Buccaneers, by creating generational wealth for his family.

https://cointelegraph.com/news/nfl-s-saquon-barkley-converting-endorsements-to-btc-to-create-generational-wealth

Big gamble. 8 figures a year is already generational wealth.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 15, 2021, 07:46:11 PM
Quote from: Mayday on July 15, 2021, 12:19:36 AM
Active addresses blasted back to the Stone Age where price was 10k’ish.

It is big boys only club now and price is at 32k.

<George Soros has entered the chat>

Over time the masses will be trading over the second layer via lightening network. So these will be hundreds of millions of people who don't appear on the base layer. And indeed the base layer will become consolidated by larger players, institutions, HNWs, banks, brokers, custodian service providers, old school hodlers, lost private keys, etc. So, what we really need to be looking at is adoption of lightening wallets. And that metric is growing at a stunning pace.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 15, 2021, 08:01:33 PM
Quote from: SOMEPARTS on July 15, 2021, 04:59:49 AM


And this is why bad tech is not going to be a store of value. This is meme currency, it all is. The people talking about it on youtube might as well be doing videos on anime.

Do you understand its idiotic to call BTC "bad tech", when in fact BTC is tech which has evolved and continued to evolve in real time. Its like calling facebook or google "bad-tech" or "old tech" because they have been around for a decade. The evolution may seem rather seamless to you on the front end, but there is a huge amount of innovation constantly and carefully occurring with input from the very best and smartest people around the world under the hood.

Don't confuse yourself with the starting date of a technology, as opposed to its current state. BTC is as cutting edge as ever, and will continue to be as it evolves. When you build a new global monetary network, that needs a rock solid foundation, not fly by night scam "crypto-coins" who tout some kind of new and improved technology. Don't be misled. Stay pure to the core and you will be fine.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 15, 2021, 08:08:25 PM
Guys - I urge you all to watch this. Very inspiring insightful in terms of what may happen in the future.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on July 15, 2021, 08:26:17 PM
Quote from: gib on July 15, 2021, 08:08:25 PM
Guys - I urge you all to watch this. Very inspiring insightful in terms of what may happen in the future.





A guy in a hoodie, whose daddy was a futures big shot and set him up some exchange. Another instant youtube genius. Seriously?


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on July 15, 2021, 08:28:58 PM
Quote from: gib on July 15, 2021, 08:01:33 PM
Do you understand its idiotic to call BTC "bad tech", when in fact BTC is tech which has evolved and continued to evolve in real time. Its like calling facebook or google "bad-tech" or "old tech" because they have been around for a decade. The evolution may seem rather seamless to you on the front end, but there is a huge amount of innovation constantly and carefully occurring with input from the very best and smartest people around the world under the hood.

Don't confuse yourself with the starting date of a technology, as opposed to its current state. BTC is as cutting edge as ever, and will continue to be as it evolves. When you build a new global monetary network, that needs a rock solid foundation, not fly by night scam "crypto-coins" who tout some kind of new and improved technology. Don't be misled. Stay pure to the core and you will be fine.


What core? What you call innovation I would call corruption and derivative of the original idea. This thing is fully under the control of the same people that control every other equity.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 15, 2021, 09:31:24 PM
Quote from: SOMEPARTS on July 15, 2021, 08:26:17 PM


A guy in a hoodie, whose daddy was a futures big shot and set him up some exchange. Another instant youtube genius. Seriously?

By personalising this discussion on the appearance and/or my background and my father, as opposed to keeping it objective, you are engaging in what we refer to as an “ad hominem response". Whilst commonly done on discussion forums, many would consider such an approach towards an informed discussion to be an uncivil, illogical, and ultimately an unconstructive approach which focuses on some characteristic myself rather than what I am actually doing and achieving. As for hoodies, most of our future tech leaders now wear these from time to time. We don't care much for how we look like. And we know a suit makes no-one more intelligent. We care more about what our tech actually does, as opposed how the person who created it looks like.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 15, 2021, 09:48:53 PM
Quote from: gib on July 15, 2021, 09:31:24 PM
By personalising this discussion on the appearance and/or my background and my father, as opposed to keeping it objective, you are engaging in what we refer to as an “ad hominem response". Whilst commonly done on discussion forums, many would consider such an approach towards an informed discussion to be an uncivil, illogical, and ultimately an unconstructive approach which focuses on some characteristic myself rather than what I am actually doing and achieving. As for hoodies, most of our future tech leaders now wear these from time to time. We don't care much for how we look like. And we know a suit makes no-one more intelligent. We care more about what our tech actually does, as opposed how the person who created it looks like.

*This is what I think the I would say i response to you if I was Jack.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 15, 2021, 10:05:46 PM
Quote from: SOMEPARTS on July 15, 2021, 08:28:58 PM

What core? What you call innovation I would call corruption and derivative of the original idea. This thing is fully under the control of the same people that control every other equity.


“After years of studying it, I believe that cryptocurrency is an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity”, Mr Palmer tweeted.

Rather than alleviating people from financial institutions and decreasing centralised power, one of the main benefits argued by cryptocurrency evangelists, Palmer said the industry is “controlled by a powerful cartel of wealthy figures who, with time, have evolved to incorporate many of the same institutions tied to the existing centralised financial system they supposedly set out to replace.”

The “cult” of cryptocurrency has become akin to a “‘get rich quick funnel’, he argued, and that cryptocurrency is “almost purpose built to make the funnel of profiteering more efficient for those at the top and less safeguarded for the vulnerable.”

This is through software that limits financial interventions such as audits, regulation, and taxation, in order to exacerbate the “worst parts of today’s capitalist system”, Mr Palmer wrote, which include “corruption, fraud, [and] inequality”.

In June 2021, Britain’s Financial Conduct Authority (FCA) stated that Binance, one of the world’s largest cryptocurrency exchanges, could not undertake any regulated activity in the UK.

In other countries, including the United States and Germany, cryptocurrency has come under scrutiny from regulators about its use in illegal and illicit activities.

The Dogecoin founder points to the fact that if users fall victim to scams, the industry regards it as the victim’s fault, but that “billionaires manipulating markets” are regarded as “geniuses”.

https://www.independent.co.uk/life-style/gadgets-and-tech/dogecoin-crypto-cult-founder-jackson-palmer-bitcoin-b1884531.html

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 15, 2021, 11:42:55 PM
Flex - yes he obviously referring to alts, as opposed to BTC. He should have been clearer about that, and of course mainstream media is not great at distinguishing BTC from "crypto-currencies" in general.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on July 16, 2021, 12:04:49 AM
Whales are accumulating more at these levels and have been taking their BTC and ETH off exchanges, indicating they have no intention to sell.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 16, 2021, 12:07:33 AM
Quote from: gib on July 15, 2021, 11:42:55 PM
Flex - yes he obviously referring to alts, as opposed to BTC. He should have been clearer about that, and of course mainstream media is not great at distinguishing BTC from "crypto-currencies" in general.

Definitely includes bitcoin

https://twitter.com/ummjackson/status/1415353990208901123

Lose your savings account password? Your fault.
Fall victim to a scam? Your fault.
Billionaires manipulating markets? They’re geniuses.

This is the type of dangerous “free for all” capitalism cryptocurrency was unfortunately architected to facilitate since its inception.


Is he butthurt over crypto? Probably, but he does have a point.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 16, 2021, 12:22:03 AM
Quote from: Griffith on July 16, 2021, 12:04:49 AM
Whales are accumulating more at these levels and have been taking their BTC and ETH off exchanges, indicating they have no intention to sell.

Who are the Whales though?

Lets say you're a family office hedge fund and your world is about to crumble, how great would it be if you could hide some wealth somewhere first.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 16, 2021, 12:35:21 AM
Quote from: Griffith on July 15, 2021, 02:50:53 PM
And yet whales are accumulating more and amounts are increasingly going off exchanges into cold storage or for staking.

Wallets 1,000+ Have been dumping for months. Those are the whales. I have seen many repeat the same thing you have yet I don’t know where that data is coming from. I have seen some coins leaving exchanges data but it isn’t coming from whales.

Quote from: gib on July 15, 2021, 07:46:11 PM
Over time the masses will be trading over the second layer via lightening network. So these will be hundreds of millions of people who don't appear on the base layer. And indeed the base layer will become consolidated by larger players, institutions, HNWs, banks, brokers, custodian service providers, old school hodlers, lost private keys, etc. So, what we really need to be looking at is adoption of lightening wallets. And that metric is growing at a stunning pace.

ETH has overtaken BTC for growth in wallets which makes sense as ETH is defi. What is going to be interesting is if Saylor, the self elected CEO of Bitcoin will block projects that might raise regulatory concerns over bitcoin therefore putting his investment at risk.

His own words, he want the top layer as BTC which is a parking lot for money (makes sense). He does not want anything else than that. If you want to make payments, you move from the BTC layer into local currency in order to make a payment. He doesn’t want the US (and therefore probably anybody) to perform payments in BTC. The regulatory risk is to treat for him.

It makes a lot of sense what he says. I’m all for it but I just don’t think it will perform how people think it will. Gold is supposedly the thousands of year proof of inflation hedge. Look at the price chart, parabolic spikes and then decades of nothing.

Ironically gold looks a lot like a Bitcoin chart but on a longer timescale where peaks trigger around events. Hence why I say HoDL isn’t much good because you spend 90% of the investment life in downtime.

Indeed people who purchased Bitcoin for 20k were underwater for 4yrs. Who is to say people who bought at 64k will be underwater for 6yrs? The next round might be a decade waiting? If Bitcoin is digital gold, it stands to reason it should behave like gold which means decades of lows and parabolic peak around monetary events.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 16, 2021, 12:38:28 AM
Quote from: Flexacon on July 16, 2021, 12:22:03 AM
Who are the Whales though?

Lets say you're a family office hedge fund and your world is about to crumble, how great would it be if you could hide some wealth somewhere first.

Whales are 1,000+ wallets holders but they have been dumping for months (glassnode data). 

Currently they are decreasing in size very very slowly as we grab along.

I have seen Someparts same message getting around but I believe it originates from the coins leaving exchanges data and someone said ‘it’s whales’ but it isn’t. It then just becomes gospel that it’s whales.

Crypto influencers are cherry picking the good data and encouraging people to buy (some of them are dumping on their followers).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: pellius on July 16, 2021, 02:13:33 AM
BTC has been stuck at the same level for over a month now. Why isn't it moving?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on July 16, 2021, 02:24:19 AM
HEX now at $ 0.174
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Jakobslander on July 16, 2021, 02:28:26 AM
Quote from: OneMoreRep on July 15, 2021, 06:52:13 AM
What exchange do you use for purchase of Hex?

I respect Richard Heart. I think he is one of the few voices of truth in crypto and the other day he singlehandedly OWNED Ben Armstrong's BitBoy crew while on their show.

"1"

Uniswap.

RH is really smart. One of the things that attracted me to his project was how he was able to explain his ideas clearly and concisely. He completely annihilates everyone he debates, that's why they call him scammer all the time, because he continually reminds them of how little they really know about cryptos, which, let's face it, is the reality right now. I, for the life of me, don't get how or why maxis keep harping about how decentralized Bitcoin is, yet, almost 50% of all BTC are owned by 50 addresses. How about BTC being un-confiscatable? Well, I see the Justice Department selling Bitcoin all the time so... These are the things that Richard brings up over and over and over. He warned people that the stolen Mt. Gox coins were going to hit the market one day and tells folks when there are movements in those suspected addresses. You will not hear that from the Vays or Woos of this world.   

 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Jakobslander on July 16, 2021, 02:30:01 AM
Quote from: FitnessFrenzy on July 16, 2021, 02:24:19 AM
HEX now at $ 0.174

I think we're going to break 0.2 today or tomorrow.

HEX stakers got a 45% kickback yesterday from the morons that un-staked. They basically gave me 25k.

Can't make this shit up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Jakobslander on July 16, 2021, 02:45:54 AM
Quote from: Mayday on July 16, 2021, 12:38:28 AM
Whales are 1,000+ wallets holders but they have been dumping for months (glassnode data). 

Currently they are decreasing in size very very slowly as we grab along.

I have seen Someparts same message getting around but I believe it originates from the coins leaving exchanges data and someone said ‘it’s whales’ but it isn’t. It then just becomes gospel that it’s whales.

Crypto influencers are cherry picking the good data and encouraging people to buy (some of them are dumping on their followers).

Whales are selling, but that selling pressure is being absorbed by the folks holding 1-10,000 coins, that's why the price hasn't gone down decisively. In reality, whales are only taking some profits on the climb up to 300k. Most of these people bought at 3k and 30k is a 10x. For them, it's a winning trade already. From here on in it's the cherry on top. I can guarantee you that bullish news are going to hit the market soon and make Bitcoin go through the roof again.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 16, 2021, 03:01:59 AM
Quote from: Jakobslander on July 16, 2021, 02:28:26 AM
Uniswap.

I, for the life of me, don't get how or why maxis keep harping about how decentralized Bitcoin is, yet, almost 50% of all BTC are owned by 50 addresses. How about BTC being un-confiscatable? Well, I see the Justice Department selling Bitcoin all the time so...

Can I suggest you read the whole thread? If you do so, your questions will be answered.

First, it is false that 50% BTC is owned by 50 addresses. This is a non-sense quote that some idiots for some reason like repeating.

Second, over time you will see hundreds of thousands of individual owners represented as a single wallet as they are holding via an exchange or custodian. Your comment as as idiotic as me saying 50% of all money is owned by 50% of the banks (not realizing that's its people who actually use banks to store their money.

Second, speaking of fiat currencies, you do realise that around 50% of the total wealth is owned by 1% of the population. This is not necessarily a bad thing as it confirms that effort in the long term equates to wealth, which is how things should be if we want to reward productivity.

Of course BTC can be confisicated if you provide your private keys to the person wishing to confiscate it. It cannot be confisicated unless you share those private keys. So, if you keep your coins with a 3rd party, on an exchange, yes of course they can be lost, stolen, etc.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Jakobslander on July 16, 2021, 04:08:52 AM
Quote from: gib on July 16, 2021, 03:01:59 AM
Can I suggest you read the whole thread? If you do so, your questions will be answered.

First, it is false that 50% BTC is owned by 50 addresses. This is a non-sense quote that some idiots for some reason like repeating.

Second, over time you will see hundreds of thousands of individual owners represented as a single wallet as they are holding via an exchange or custodian. Your comment as as idiotic as me saying 50% of all money is owned by 50% of the banks (not realizing that's its people who actually use banks to store their money.

Second, speaking of fiat currencies, you do realise that around 50% of the total wealth is owned by 1% of the population. This is not necessarily a bad thing as it confirms that effort in the long term equates to wealth, which is how things should be if we want to reward productivity.

Of course BTC can be confisicated if you provide your private keys to the person wishing to confiscate it. It cannot be confisicated unless you share those private keys. So, if you keep your coins with a 3rd party, on an exchange, yes of course they can be lost, stolen, etc.

I wasn't talking to you.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 16, 2021, 04:46:49 AM
Quote from: Europe on November 03, 2015, 02:39:59 PM
Didn't some getbiggers bought Bitcoins? They should cash in while it's still hot now!

Bitcoin to be 6th largest reserve currency by 2030:
http://www.cnbc.com/2015/11/03/bitcoin-to-be-6th-largest-reserve-currency-by-2030-research.html

We have progresses a lot since 2015 predictions. Bitcoin is already the worlds 3rd largest currency.

https://decrypt.co/39425/bitcoin-is-3rd-largest-world-currency
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on July 16, 2021, 05:15:49 AM
Quote from: pellius on July 16, 2021, 02:13:33 AM
BTC has been stuck at the same level for over a month now. Why isn't it moving?


Because the guys on Youtube are still wearing hoodies and not stepping up their pump game from the stimmie marks.  ;D

The only way you would believe those dorks is if you were strongly hunting for confirmation bias.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on July 16, 2021, 05:22:45 AM
Quote from: gib on July 15, 2021, 09:31:24 PM
By personalising this discussion on the appearance and/or my background and my father, as opposed to keeping it objective, you are engaging in what we refer to as an “ad hominem response". Whilst commonly done on discussion forums, many would consider such an approach towards an informed discussion to be an uncivil, illogical, and ultimately an unconstructive approach which focuses on some characteristic myself rather than what I am actually doing and achieving. As for hoodies, most of our future tech leaders now wear these from time to time. We don't care much for how we look like. And we know a suit makes no-one more intelligent. We care more about what our tech actually does, as opposed how the person who created it looks like.


Was my description of how he came into the crypto space inaccurate? Sometimes you can judge a book by its cover.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 16, 2021, 06:20:10 AM
Quote from: Jakobslander on July 16, 2021, 02:45:54 AM
Whales are selling, but that selling pressure is being absorbed by the folks holding 1-10,000 coins, that's why the price hasn't gone down decisively. In reality, whales are only taking some profits on the climb up to 300k. Most of these people bought at 3k and 30k is a 10x. For them, it's a winning trade already. From here on in it's the cherry on top. I can guarantee you that bullish news are going to hit the market soon and make Bitcoin go through the roof again.

The number of 1,000+ coin wallets are decreasing, hence whales are selling. Therefore the overall population of whales is decreasing. You understand yes? You can’t include those wallets in your ‘they are buying’ comment because that would be incorrect. Otherwise post the on chain chart and I’m happy to be wrong.

The price has gone down decisively, the charts show this. It’s a bear market. Need to wait for the bottom. It’s that simple.

Of course there will be pumps. Nobody is disputing that. The argument is the bottom is not in and therefore any pump that happens in the near future will die off and we go lower with each retracement.

You and I have common ground, you like alt coins and so do I.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on July 16, 2021, 03:17:25 PM
Quote from: Flexacon on July 16, 2021, 12:22:03 AM
Who are the Whales though?

Lets say you're a family office hedge fund and your world is about to crumble, how great would it be if you could hide some wealth somewhere first.

You can get a fair idea on big hodlers 500-1k entities but that doesnt really paint the whole picture. I believe there are much more than whats  listed via on chain analysis.

For instance if youre a big hodler then you appreciate  privacy btc can afford you.  Myself, I generate a new address each time I deposit btc into my hardware wallet. If I need to spend it, transfer it,  I use hardware + electrum which allows me to select individual addresses to send from.  I assume if youre been in this long enough then big hodlers are somewhat tech savy and security conscious.

So one could be hodling 5btc, 50btc, or even 500btc and even on-chain  anaylsis  wouldnt detect  it.  Hell, few years back my wallet was sent a dust attack both ltc and btc wallets from nefarious actors to see the actual amount  im hodling. Those dust coins  have been frozen.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Jakobslander on July 16, 2021, 04:24:01 PM
Quote from: Mayday on July 16, 2021, 06:20:10 AM
The number of 1,000+ coin wallets are decreasing, hence whales are selling. Therefore the overall population of whales is decreasing. You understand yes? You can’t include those wallets in your ‘they are buying’ comment because that would be incorrect. Otherwise post the on chain chart and I’m happy to be wrong.

The price has gone down decisively, the charts show this. It’s a bear market. Need to wait for the bottom. It’s that simple.

Of course there will be pumps. Nobody is disputing that. The argument is the bottom is not in and therefore any pump that happens in the near future will die off and we go lower with each retracement.

You and I have common ground, you like alt coins and so do I.

(https://pbs.twimg.com/media/E6P81rhVUAYj22A?format=jpg&name=large)

IMHO, it's a wave 2 of a 5 wave sequence bud. The only difference is that the powers-that-be have to show you the precipice before they turn the spigots back on.

Happens all the time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 16, 2021, 04:47:27 PM
This chart is clearer ;)

1,000+ Size wallets have been dumping for some time.

This chart doesn’t give any hint that these participants have begun accumulating again and is still in a downward trend.

look to the far left and see what accumulation looks like in coins and price action. Just like in March 2020 We need a major capitulation event to occur in order to form a bottom before the market  can begin accumulating again.


Important dates to watch are:
17th-19th July for GBTC unlocks.
26th July for Tesla financial reporting which will confirm if Tesla still holds BTC…… this is the big one!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on July 17, 2021, 03:00:19 AM
https://dailyhodl.com/2021/07/15/whales-are-quietly-pouncing-on-ethereum-as-crypto-market-meanders-according-to-analytics-firm-santiment/

Whales Are Quietly Pouncing on Ethereum As Crypto Market Meanders, According to Analytics Firm Santiment

(https://pbs.twimg.com/media/E6NYon-VkAEzi7w?format=jpg&name=4096x4096)

https://beincrypto.com/btc-whales-accumulating-as-exchange-deposits-increase/

Bitcoin Whales Accumulating

(https://lh4.googleusercontent.com/UsVCRDJc306P_BPe2xei6qC1Dg-NgSMYcX8qRH4c7EW6gSCuPl-iobde7IBoTF4DoSg8Ns91luVv1DlFyXWgJJ1J2LelgPbbxLiBVYZYaJ-myB8_xYrYhAhc08Yj2objRKBgFfS2)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 17, 2021, 04:15:03 AM
ETH is something I really like. Forget the market for the moment.

As someone who purchases lots of toys and I use other people’s money to pay for them, the loan process is so shit and is as slow today as it was 20yrs ago.

We should be able to walk into a motorbike or car dealership, say I’ll take that one and then do the invoice/loan/payment all in an app and walk away with the vehicle 15 minutes later. That is something I can really get behind as a technology.

The bank loan process is such bullshit. I can use 1k USD to leverage into 100k in 2 seconds in the crypto exchange yet it will take 5 working days to apply for finance, approval, payment.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on July 17, 2021, 08:37:48 AM
Quote from: Mayday on July 16, 2021, 06:20:10 AM
The number of 1,000+ coin wallets are decreasing, hence whales are selling. Therefore the overall population of whales is decreasing. You understand yes? You can’t include those wallets in your ‘they are buying’ comment because that would be incorrect. Otherwise post the on chain chart and I’m happy to be wrong.

The price has gone down decisively, the charts show this. It’s a bear market. Need to wait for the bottom. It’s that simple.

Of course there will be pumps. Nobody is disputing that. The argument is the bottom is not in and therefore any pump that happens in the near future will die off and we go lower with each retracement.

You and I have common ground, you like alt coins and so do I.

How will you know when it is reached?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on July 17, 2021, 08:39:58 AM
A little off topic, but I saw this article today of this country destroying the equipment from illegal crypto mining operations.  Apparently, over $1M worth of equipment.  The operators are accused of stealing about $2M worth of electricity. 

Newbie question, but after they mined the coins (or whatever), wouldn't they be stored online in a wallet?  Or do most miners store them on their hard drives?

https://www.yahoo.com/finance/news/malaysia-crush-1069-crypto-mining-rigs-steamroller-131251559.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on July 17, 2021, 10:42:13 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on July 17, 2021, 11:42:09 AM
Quote from: FitnessFrenzy on July 17, 2021, 10:42:13 AM


All the more reason for crypto to exist.

As well as DEFI.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on July 17, 2021, 12:04:00 PM
How many is jumping on this one?   :D

---
The El Salvador government has plans to launch a native cryptocurrency that consumers will be able to use for services, Latin American digital newspaper El Faro reported Friday night.
---
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on July 17, 2021, 12:08:01 PM
Quote from: LurkerNoMore on July 17, 2021, 12:04:00 PM
How many is jumping on this one?   :D

---
The El Salvador government has plans to launch a native cryptocurrency that consumers will be able to use for services, Latin American digital newspaper El Faro reported Friday night.
---

NarcoCoin to the moon
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 17, 2021, 01:02:01 PM
Quote from: LurkerNoMore on July 17, 2021, 12:04:00 PM
How many is jumping on this one?   :D

---
The El Salvador government has plans to launch a native cryptocurrency that consumers will be able to use for services, Latin American digital newspaper El Faro reported Friday night.
---
How many are jumping on this one? Plural!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on July 17, 2021, 02:47:26 PM
https://dailyhodl.com/2021/07/17/london-hard-fork-will-trigger-enormous-run-up-in-demand-and-value-of-ethereum-says-consensys-founder-joseph-lubin/

London Hard Fork Will Trigger ‘Enormous’ Run-Up in Demand and Value of Ethereum

ConsenSys founder Joseph Lubin believes that Ethereum’s value will surge, as he expects the leading smart contract platform to face exponential demand ahead of its August upgrade.

In an interview with CNBC, Lubin says that his team is seeing a steep rise in interest from those who wish to build on the Ethereum (ETH) platform and that demand for ETH is also growing.

This phenomenon, coupled with the upcoming London hard fork which will effectively make ETH a deflationary asset, will boost the price of Ethereum significantly, says Lubin.

“We’re seeing exponential demand for the Ether token to run transactions, to run programs on the network, on top of essentially massively decreasing supply. So we anticipate that there will be an enormous run up in demand and the value of Ether.”

In the second financial quarter of 2021, the Ethereum network settled over $2.50 trillion in transactions, notes Altcoin Daily host Austin Arnold in a new video.

Although development and interest in the Ethereum platform have only increased in Q2, ETH’s price has not reflected that growth, says Arnold. Today, Ethereum is trading under $2,000 – well below it’s all-time high of over $4,000 in May.

The host suggests that this disparity is due to the rapid increase in demand for stablecoins on the Ethereum network, implying that holders are moving their funds out of ETH and into the dollar-pegged cryptocurrencies.

Lubin believes that the divergence of price from interest for Ethereum could change when the upgrade debuts on August 4th.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on July 17, 2021, 03:32:22 PM
Quote from: Mayday on July 17, 2021, 04:15:03 AM
ETH is something I really like. Forget the market for the moment.

As someone who purchases lots of toys and I use other people’s money to pay for them, the loan process is so shit and is as slow today as it was 20yrs ago.

We should be able to walk into a motorbike or car dealership, say I’ll take that one and then do the invoice/loan/payment all in an app and walk away with the vehicle 15 minutes later. That is something I can really get behind as a technology.

The bank loan process is such bullshit. I can use 1k USD to leverage into 100k in 2 seconds in the crypto exchange yet it will take 5 working days to apply for finance, approval, payment.

I can do that now using btc as collateral. No credit checks, no background info. Post up btc and obtain a loan for 1% for any amount.  Available  to aussies aswell.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 17, 2021, 05:34:34 PM
Quote from: Theoak* on July 17, 2021, 03:32:22 PM
I can do that now using btc as collateral. No credit checks, no background info. Post up btc and obtain a loan for 1% for any amount.  Available  to aussies aswell.

I’m talking full integration between dealer - lender - buyer of basic unsecured loans for vehicles. I haven’t seen anything move quick in the finance space.

I recently bought a new Mercedes for my wife. I drove to the dealer and gave them a bank cheque so we could walk away with the car. That has been the only way to do it and faster than any bank transfer because dealer finance have to see the inbound payment and assign to a sale which causes delays. Credit card costs me 0.25% of total value meanwhile a bank cheque was $20.

Mass market doesn’t use secured/collateralised loans so holding BTC is irrelevant for 99% of consumer market. When you see your assets are already available in app there is no need for any BTC type loan because you already have collateral.

It also stands to argue borrowing against BTC like Saylor suggests will be regulated into oblivion anyway. So it’s not an end solution.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on July 18, 2021, 03:01:06 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 18, 2021, 05:00:37 AM
Quote from: Mayday on July 17, 2021, 05:34:34 PM
I’m talking full integration between dealer - lender - buyer of basic unsecured loans for vehicles. I haven’t seen anything move quick in the finance space.

I recently bought a new Mercedes for my wife. I drove to the dealer and gave them a bank cheque so we could walk away with the car. That has been the only way to do it and faster than any bank transfer because dealer finance have to see the inbound payment and assign to a sale which causes delays. Credit card costs me 0.25% of total value meanwhile a bank cheque was $20.

Mass market doesn’t use secured/collateralised loans so holding BTC is irrelevant for 99% of consumer market. When you see your assets are already available in app there is no need for any BTC type loan because you already have collateral.

It also stands to argue borrowing against BTC like Saylor suggests will be regulated into oblivion anyway. So it’s not an end solution.

It will happen. Right now, people are just borrowing against their BTC, used as collateral, and then using the cash given to them for day to day purchases in fiat currencies. I have friends doing this entirely with crypto visa cards. Payment providers will soon make the process more seamless, so the seller gets cash (or BTC) as they wish, paid out on leverage on the underlying coin. I know people who are trying to live as much of their life as they can in this way. Great if BTC keeps rising, but not great if it does now, or if it declines to the point where your leverage forces a liquidation.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 18, 2021, 05:02:28 AM
Quote from: Griffith on July 17, 2021, 02:47:26 PM
https://dailyhodl.com/2021/07/17/london-hard-fork-will-trigger-enormous-run-up-in-demand-and-value-of-ethereum-says-consensys-founder-joseph-lubin/

London Hard Fork Will Trigger ‘Enormous’ Run-Up in Demand and Value of Ethereum


Could do. But the move to proof of stake could trigger a massive decline. Lets see,
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 19, 2021, 04:18:59 AM
Quote from: gib on July 18, 2021, 05:00:37 AM
It will happen. Right now, people are just borrowing against their BTC, used as collateral, and then using the cash given to them for day to day purchases in fiat currencies. I have friends doing this entirely with crypto visa cards. Payment providers will soon make the process more seamless, so the seller gets cash (or BTC) as they wish, paid out on leverage on the underlying coin. I know people who are trying to live as much of their life as they can in this way. Great if BTC keeps rising, but not great if it does now, or if it declines to the point where your leverage forces a liquidation.

Up until ETH peaked and BTC didn’t recover i was thinking we’d get away with a lot.

July 26th is only 7 days away.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 19, 2021, 09:01:10 PM
London hard fork/low gas fees = major NFT boom

NFTs are bought with ETH, which could mean ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on July 19, 2021, 11:24:30 PM
Quote from: Flexacon on July 19, 2021, 09:01:10 PM
London hard fork/low gas fees = major NFT boom

NFTs are bought with ETH, which could mean ...

Yes, and almost all stablecoins use ETH.

And there’s also increasing demand for Defi.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 20, 2021, 05:15:55 AM
Quote from: Griffith on July 19, 2021, 11:24:30 PM
Yes, and almost all stablecoins use ETH.

And there’s also increasing demand for Defi.

Fed looked into Tether and said it’s 10x. They’re coming for stablecoins, leverage and private wallets.

It’s not even market nukes anymore it’s limping along draining blood every step.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on July 20, 2021, 05:58:05 AM
THORChain (RUNE) is down 83 % from its high.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on July 20, 2021, 09:59:26 AM
https://u.today/ethereum-eth-to-massively-outperform-in-a-couple-of-years-raoul-pal

Ethereum (ETH) to Massively Outperform in a Couple of Years: Raoul Pal

Raoul Pal is a renowned investor and founder of top-league financial media company Real Vision. In the latest episode of Camila Russo's Defiant podcast on decentralized finance, he explained why he switched from Bitcoin (BTC) to Ethereum (ETH).

Raoul Pal goes "all in"

Mr. Pal recalled that he was "noticing and commenting" on the most devastating economic bubbles in recent history: 1998, 2008, 2012 and so on. As a result, he started to look for the recipe that would tell how such disasters could be avoided.

That is why he has been interested in Bitcoin (BTC) and cryptocurrencies since 2013. Amidst the 2020 recession, he indicated a decisive point for his theory on Bitcoin (BTC):

And that was the time I said, this is the opportunity. There's only one way for this to go: it's either going to zero which was almost no chance, or this was the start of the move. So I started buying Bitcoin then. Then I really went very long when it broke 10,000 which was the triangle.

By the August of 2020, 100 percent of his liquid portfolio was allocated in the flagship cryptocurrency. However, in Q3-Q4, 2020, he decided to partially move his riches to Ethereum (ETH) and a couple of other tokens.

Meanwhile, Mr. Pal holds only cryptocurrencies in his liquid portfolio.

Flippening expected

Mr. Pal is certain that, in the macro view, Ethereum's (ETH) performance will be far more impressive than that of other cryptocurrency heavyweights:

And then I broadened that out and increased my Ethereum exposure by about October thinking that Ethereum was actually going to massively outperform for a couple of years.

Thus, his personal bet is 55 percent Ethereum (ETH) and 25 percent Bitcoin (BTC), while the rest is distributed between the number of tokens. Regarding his "basket," Mr. Pal indicated communities, social tokens and NFTs outside of the art market as his focus areas.

At the same time, he does not believe that equities and bonds are in a bubble: the latest volatility spikes can largely be attributed to the deprecation of the value of fiat money.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 20, 2021, 10:20:59 AM
Quote from: Mayday on July 20, 2021, 05:15:55 AM
Fed looked into Tether and said it’s 10x. They’re coming for stablecoins, leverage and private wallets.

It’s not even market nukes anymore it’s limping along draining blood every step.

More FUD (or not)

EU Proposes Ban on Anonymous Cryptocurrency Transactions

https://www.bnnbloomberg.ca/eu-proposes-ban-on-anonymous-cryptocurrency-transactions-1.1630937

One thing about the EU is that they don't fuck about when it comes to tech, the financial system and regulations.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 20, 2021, 02:35:00 PM
Quote from: Flexacon on July 20, 2021, 10:20:59 AM
More FUD (or not)

EU Proposes Ban on Anonymous Cryptocurrency Transactions

https://www.bnnbloomberg.ca/eu-proposes-ban-on-anonymous-cryptocurrency-transactions-1.1630937

One thing about the EU is that they don't fuck about when it comes to tech, the financial system and regulations.

It makes sense. You can’t take shares off an exchange and put them on your home laptop, why allow it with crypto?

Tesla on the 26th will be a biggie.

Meanwhile message from main on chain influencers is whales are buying and little fish are buying, everybody buying basically. Yet price still dumps which leads me to my next point.

Where did all the BS scarcity arguments go? Scarcity hasn’t changed yet price is falling. We can still buy 24/7 365 days a year in seconds. Meanwhile I go to the supermarket to buy toilet paper and it’s out, I drive to other shops until I find some and yes I’d happily pay more just to get it and not fuck about. That is scarcity……

Price ceiling is determinedly by the buyer. Scarcity is manipulated to achieve optimum price or goal of the seller. Scarcity doesn’t give the price, the buyer does because they are the one without and will tell the seller what they are willing to forgo to get it.

It’s easier to think this way because then it’s easier to understand why price falls despite demand being there (just not at the previous price).

Many On chain people are failing at this right now. They keep looking at demand and not following price mentality. They keep calling for up only because they see lots of demand and high demand to them means scarcity = price must go up. So they keep calling for up only and instead price goes down.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Jakobslander on July 20, 2021, 04:54:15 PM
It's Economics 101: All other variables held constant, an increase in demand of a product tends to increase the price of the product.

To me, what is currently going on is there a major dump of of the stolen Mt. Gox coins. It takes time to cycle through the system.

Wouldn't be surprised if BTC does a 360º at 4:01PM on Friday and decides to go to 40k. The market is going to fuck people over just like that.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on July 20, 2021, 08:07:37 PM
Quote from: Jakobslander on July 20, 2021, 04:54:15 PM
It's Economics 101: All other variables held constant, an increase in demand of a product tends to increase the price of the product.

To me, what is currently going on is there a major dump of of the stolen Mt. Gox coins. It takes time to cycle through the system.

Wouldn't be surprised if BTC does a 360º at 4:01PM on Friday and decides to go to 40k. The market is going to fuck people over just like that.




You should do the weather. If somebody holding Mt Gox coins didn't sell at 60k why would they sell at 29k?

These are fables.  ::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 21, 2021, 03:09:20 AM
Quote from: Jakobslander on July 20, 2021, 04:54:15 PM
It's Economics 101: All other variables held constant, an increase in demand of a product tends to increase the price of the product.

To me, what is currently going on is there a major dump of of the stolen Mt. Gox coins. It takes time to cycle through the system.

Wouldn't be surprised if BTC does a 360º at 4:01PM on Friday and decides to go to 40k. The market is going to fuck people over just like that.

The argument from Bitcoin influencers has always been fixed supply and scarcity.

on chain data analysts monitor this very thing, supply and demand yet they have the absolute worst track history of being correct. They see demand increase and immediately call for higher price but then price falls…….

look at alt coins which have inflating supply yet price still followed bitcoin and went up…… unlimited supply and price went up kind of flies in the face of what Bitcoin promises.

The point of it is ‘belief’ of the buyer is what sets price. When we have retail buyers enter the crypto market for a FOMO run, nothing is running out its simply that they believe it is going up in value so they pay more for it. Supply doesn’t change, you can still buy any amount at the click of a button.

When retail is nuked at 64k there is no change to supply but the buyers who remain in market believe it is worth much less than before and therefore price sells. So when we see demand increase we see price fall like right now.

I’m just saying it’s a different way to see it and treat it for what it is. Unlimited supply, unlimited access, yet growing demand can see a fall in price. It’s belief. So if right now you hold Bitcoin the problem is the major players believe it’s worth 14k and therefore this is where it will inevitably end up.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheAnimal on July 21, 2021, 03:10:03 AM
Quote from: FitnessFrenzy on July 20, 2021, 05:58:05 AM
THORChain (RUNE) is down 83 % from its high.
Nice  ;D
Shitcoins falling is great.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Jakobslander on July 21, 2021, 03:48:38 AM
Quote from: SOMEPARTS on July 20, 2021, 08:07:37 PM



You should do the weather. If somebody holding Mt Gox coins didn't sell at 60k why would they sell at 29k?

These are fables.  ::)

I didn't say they sold at 29k, they probably sold at 60k and that's how we got to 29k.

Right around the time of the Coinbase IPO I remember hearing from Richard Heart that some of the addresses that were tied to the Mt. Gox fiasco were moving coins around. He didn't make anything of it but... what a coincidence huh?! Months later, 29k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Jakobslander on July 21, 2021, 04:03:04 AM
Quote from: Mayday on July 21, 2021, 03:09:20 AM
The argument from Bitcoin influencers has always been fixed supply and scarcity.

on chain data analysts monitor this very thing, supply and demand yet they have the absolute worst track history of being correct. They see demand increase and immediately call for higher price but then price falls…….

look at alt coins which have inflating supply yet price still followed bitcoin and went up…… unlimited supply and price went up kind of flies in the face of what Bitcoin promises.

The point of it is ‘belief’ of the buyer is what sets price. When we have retail buyers enter the crypto market for a FOMO run, nothing is running out its simply that they believe it is going up in value so they pay more for it. Supply doesn’t change, you can still buy any amount at the click of a button.

When retail is nuked at 64k there is no change to supply but the buyers who remain in market believe it is worth much less than before and therefore price sells. So when we see demand increase we see price fall like right now.

I’m just saying it’s a different way to see it and treat it for what it is. Unlimited supply, unlimited access, yet growing demand can see a fall in price. It’s belief. So if right now you hold Bitcoin the problem is the major players believe it’s worth 14k and therefore this is where it will inevitably end up.

I'm with you on most of the stuff, but it's not the on chain analysts' fault. All they can do is tell us that there is a shortage or a glut of any coin. What they CAN'T and WON'T do is tell you if there's more buyers than sellers or vice versa. No one knows that. We see it represented in the price. What we ALL know is going to happen though is that these coins being sold by the weak hands are being accumulated by stronger hands, and that this will eventually culminate on a huge run up (200k-300k).

Look at gold: hasn't gone past historic highs in decades, inflation is ramping up and yet it's barely moving, with a decent dump on the way. Now, it takes time for moves to develop, price wise, but when they do, oh boy! Gold is going to dump short term, but the next leg up, get ready because it's going to Peter North it's way to 5k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 21, 2021, 04:48:20 AM
Quote from: Jakobslander on July 21, 2021, 04:03:04 AM
I'm with you on most of the stuff, but it's not the on chain analysts' fault. All they can do is tell us that there is a shortage or a glut of any coin. What they CAN'T and WON'T do is tell you if there's more buyers than sellers or vice versa. No one knows that. We see it represented in the price. What we ALL know is going to happen though is that these coins being sold by the weak hands are being accumulated by stronger hands, and that this will eventually culminate on a huge run up (200k-300k).

Look at gold: hasn't gone past historic highs in decades, inflation is ramping up and yet it's barely moving, with a decent dump on the way. Now, it takes time for moves to develop, price wise, but when they do, oh boy! Gold is going to dump short term, but the next leg up, get ready because it's going to Peter North it's way to 5k.

Ok cool.

Gold I think could be simplified by looking at the bond market who has yields coming down. Those buyers are saying there is no inflation.

Money supply is leveraged 25x and we can make inflation vanish very quickly because of leverage unwinding.

A good example is lumber. 500% inflation a year after the pandemic….. today it’s dropped to roughly 90%.

Oil went from -$30 to $77 and this week it dropped nearly 20%.

We have almost 1T being parked at the Fed. 8 months of QE being kept aside as banks say it’s too risky to put it into the market. It suggests deflation is the serious risk.

Weimar had a lot of volatility as markets would blow up one minute and collapse the next. Gold did that a lot during that phase, it wasn’t stable. Lasted 10yrs and only in the final year did we see total collapse and then hyperinflation as a result.

So probably gold will be all over the place and then finally BAM and outcome of 400% in one year perhaps?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on July 21, 2021, 05:40:04 AM
https://cointelegraph.com/news/rothschild-investment-corp-has-increased-its-bitcoin-exposure-by-300-since-april

Rothschild Investment Corp has increased its Bitcoin exposure by 300% since April

https://dailyhodl.com/2021/07/21/1700000000-investment-firm-bolsters-holdings-in-grayscale-bitcoin-and-ethereum-trusts/

$1,700,000,000 Investment Firm Bolsters Holdings in Grayscale Bitcoin and Ethereum Trusts

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on July 21, 2021, 05:42:13 AM
https://www.finextra.com/newsarticle/38490/mastercard-simplifies-card-payments-for-crypto-firms/retail

Mastercard is using the USDC stablecoin to make it easier for people to spend their cryptocurrency with its cards.

Today the card giant revealed that it is working on a pilot with Circle, the principal USDC operator, as well as Evolve Bank & Trust and Paxos Trust, to enable banks and crypto companies to offer a card option to people wanting to spend their digital assets anywhere Mastercard is accepted.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on July 21, 2021, 07:20:30 AM
Core Scientific, a major U.S. bitcoin mining company, is going public via SPAC


Cryptocurrency mining operator Core Scientific said Wednesday it is listing on the Nasdaq through a merger with Power & Digital Infrastructure Acquisition Corp.

The deal with the special purpose acquisition company values Core Scientific at roughly $4.3 billion.


It's not clear when trading will begin. The ticker name was not announced.

Core, which has operations in North Dakota, North Carolina, Georgia, and Kentucky, is one of the largest providers of blockchain infrastructure and hosting, as well as one of the largest digital asset miners, in North America.

Rival bitcoin miners Riot Blockchain and Marathon Digital have market capitalizations of $2.18 billion and $2.25 billion, respectively.

Core's "blockchain infrastructure business is unparalleled, backed by more than 70 blockchain and infrastructure-related patents and applications," said Darin Feinstein, co-founder and co-chairman.

Bitcoin has had a wild year, peaking at more than $63,000 before crashing to a current value of around $31,500, but it's still up more than 245% from a year ago. SPACs of bitcoin mining companies are another way to bet on the crypto craze with a slightly longer-term time horizon than speculating on the currencies themselves.


Core, which primarily mints bitcoin, says it generated $60 million in revenue in 2020 and anticipates $493 million this year. The company declined to disclose net income or loss.

So far in 2021, Core has minted more than 3,000 bitcoin, including 1,683 for its own account, co-chairman and CEO Mike Levitt said in an interview. During that same time period, Marathon's mining fleet produced approximately 846 bitcoin and Riot produced a total of 1,167.

Core is adding capacity at its existing sites and is looking to build more facilities in potentially one to two more states. It operates about 80,000 rigs, and by the end of 2022, will be operating well in excess of 300,000 miners, according to Levitt.

https://www.cnbc.com/amp/2021/07/21/cryptomining-operator-core-scientific-going-public-via-spac.html?__twitter_impression=true
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on July 21, 2021, 08:08:45 AM
Is this just the same old cycle of seeing ETH drop in the 1700, and BTC hitting 30, only to see it go up 10-20% in the next two weeks or so, then continue the cycle?

If it is, shame on me for missing again.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 21, 2021, 09:31:43 AM
Could be bullish, could just be a new way to manipulate markets

https://www.coindesk.com/bank-of-america-is-clearing-crypto-etps-for-hedge-funds-in-europe-sources

Bank of America’s prime brokerage unit has started the clearing and settlement of cryptocurrency exchange-traded products (ETPs) for hedge funds in Europe, according to three sources with knowledge of the matter.

This is the second recent move on the part of the traditionally conservative bank in the volatile cryptocurrency arena. As reported last week by CoinDesk, Bank of America has also approved the trading of bitcoin futures for some clients and is clearing cash-settled contracts.

Bank officials may have felt they could not ignore an asset class that has seen numerous companies dive in. The demand for products such as ETPs has been increasing.

In February it emerged that Goldman Sachs, ICAP, JPMorgan and UBS have all been purchasing the 21Shares Polkadot ETP for clients, according to Bloomberg data. In June, ETC Group launched the first bitcoin ETP in the U.K. on the Aquis Exchange in London.

There has also been an increasing number of cryptocurrency ETPs being listed on the SIX exchange in Switzerland and the Deutsche Boerse’s Xetra market in Germany. The offerings range from blue-chips (bitcoin, ether) to the exotic (cardano, polkadot.)

According to CoinDesk’s sources, hedge funds are using Bank of America’s prime brokerage unit to access a raft of crypto ETPs approved by European regulators. The vehicles allow big firms to invest in various corners of the crypto universe without investing in crypto directly, but through a security that tracks the performance of various digital assets.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on July 21, 2021, 01:46:10 PM
Elon Musk says besides Bitcoin he also owns Ethereum and Dogecoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on July 22, 2021, 03:40:38 AM
I don't know gentlemen, but this recent $BTC bounce back from the $29K mark into the $31K+ zone isn't too convincing to me. I still think that if you zoom out, we're still very much in a consolidation with a head and shoulders pattern that is still set to go lower towards the $23K zone. I don't want it to drop that aggressively, but part of me also wouldn't mind discount prices on both $BTC & $ETH.

Thoughts?

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on July 22, 2021, 04:40:29 AM
Quote from: OneMoreRep on July 22, 2021, 03:40:38 AM
I don't know gentlemen, but this recent $BTC bounce back from the $29K mark into the $31K+ zone isn't too convincing to me. I still think that if you zoom out, we're still very much in a consolidation with a head and shoulders pattern that is still set to go lower towards the $23K zone. I don't want it to drop that aggressively, but part of me also wouldn't mind discount prices on both $BTC & $ETH.

Thoughts?

"1"

It needs to crash again for it to be ok risk wise for normies to pump money in. Like at the moment it's low but it's still too much risk just to double your money. I'd rather keep my spare cash in a safe 10-15% a year compounding investment and wait for the next crypto crash. I work too hard to gamble my business earnings away.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 22, 2021, 05:09:24 AM
Quote from: OneMoreRep on July 22, 2021, 03:40:38 AM
I don't know gentlemen, but this recent $BTC bounce back from the $29K mark into the $31K+ zone isn't too convincing to me. I still think that if you zoom out, we're still very much in a consolidation with a head and shoulders pattern that is still set to go lower towards the $23K zone. I don't want it to drop that aggressively, but part of me also wouldn't mind discount prices on both $BTC & $ETH.

Thoughts?
"1"

14k April 2022.

I’d watch September and see how it’s looking.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on July 22, 2021, 06:35:09 AM
https://cryptopotato.com/brazils-sec-approves-first-ethereum-etf-in-latin-america/

Brazil’s SEC Approves First Ethereum ETF in Latin America

The Brazilian Securities Commission (CVM) has approved the first exchange-traded fund tracking the performance of Ethereum (ETH) in Latin America.

Several months after greenlighting a Bitcoin ETF, Brazil’s watchdog has done the same for a product tracking the performance of the second-largest cryptocurrency – ETH. The fund will be managed by QR Asset Management.

As local media reported, the CVM has given a nod of approval for the second cryptocurrency-oriented exchange-traded fund.

The Ethereum ETF will have a ticker QETH11 and will appear on the country’s stock exchange called B3. It will follow the CME CF Ether Reference Rate, used by the CME Group.

QR Asset Management, the company that will manage the fund, said with the announcement:

“Expanding the horizen of diversification, QETH11 becomes a simple, safe, and regulated option for any investor to gain direct exposure to Ethereum through their preferred brokerage.”

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on July 22, 2021, 08:28:09 AM
Quote from: a_pupil on July 22, 2021, 04:40:29 AM
It needs to crash again for it to be ok risk wise for normies to pump money in. Like at the moment it's low but it's still too much risk just to double your money. I'd rather keep my spare cash in a safe 10-15% a year compounding investment and wait for the next crypto crash. I work too hard to gamble my business earnings away.

Bitcoin doesn't HAVE to do anything.

It is still decentralized. It still has a hard cap of 21 million. The daily mined production will still be cut in half every 4 years.

It still is the most perfect form of money ever created.

If normies miss out because they fail to understand the fundamentals then they simply miss out.

People who do understand the fundamentals and do not wish to play silly little games like timing the market will simply eat up the supply and hold for years and years. Many of them will never sell.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 22, 2021, 02:01:08 PM
Bitcoin has a mini rally and look who pops up.

I'd be willing to bet this person doesn't even own a whole coin despite wishing bitcoin had a dick they could suck.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 22, 2021, 03:43:48 PM
Quote from: polychronopolous on July 22, 2021, 08:28:09 AM
Bitcoin doesn't HAVE to do anything.

It is still decentralized. It still has a hard cap of 21 million. The daily mined production will still be cut in half every 4 years.

It still is the most perfect form of money ever created.

If normies miss out because they fail to understand the fundamentals then they simply miss out.

People who do understand the fundamentals and do not wish to play silly little games like timing the market will simply eat up the supply and hold for years and years. Many of them will never sell.

The short version.

There are 2 distinct phases. Long fundamental phase (the mean). Short FOMO phase.

Long fundamental phase shows the impact of coins HoDL’d. The short FOMO phase doesn’t show shit about the fundamental price.

The charts I post indicate where we are in this mean reversion. We are months away from the mean reversion.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on July 22, 2021, 03:47:10 PM
Quote from: OneMoreRep on July 22, 2021, 03:40:38 AM
I don't know gentlemen, but this recent $BTC bounce back from the $29K mark into the $31K+ zone isn't too convincing to me. I still think that if you zoom out, we're still very much in a consolidation with a head and shoulders pattern that is still set to go lower towards the $23K zone. I don't want it to drop that aggressively, but part of me also wouldn't mind discount prices on both $BTC & $ETH.

Thoughts?

"1"

This same period of time after the 2016 halving btc was at 3500$, 3months later it rocketed to 19800$. Btc now sits at 32200$.  Will history repeat, rhyme?  If it does hit 23k (unlikely IMO), Im betting many big players will back up the truck and send that wick up.

Mayday basically has called 64k a top in this cycle and 80% drawdown by April. Where i believe a price floor after  blow off from the top will sit at around 60k levels.  Either way Btc is here to stay. Enjoy the ride.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 22, 2021, 04:07:26 PM
Quote from: Theoak* on July 22, 2021, 03:47:10 PM
This same period of time after the 2016 halving btc was at 3500$, 3months later it rocketed to 19800$. Btc now sits at 32200$.  Will history repeat, rhyme?

LMAO at the irony here because this was what I used to sell in May with the intention of buying back later. You and your maxi boy had your doubts, yet here you are spitting the same lyrics.

Quote from: Theoak* on July 22, 2021, 03:47:10 PM
If it does hit 23k (unlikely IMO), Im betting many big players will back up the truck and send that wick up.


The big players (hedge funds) have possibly had their hands tied by the new SEC regulations in May. It will need newer players (possibly banks) and/or ETFs for to do the heavy lifting and give us new ATH.

Also is the leverage game still a thing. BTC would never have got close to 64K without that. That needs to be in play otherwise forget about it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on July 22, 2021, 05:22:16 PM
Quote from: Flexacon on July 22, 2021, 04:07:26 PM
LMAO at the irony here because this was what I used to sell in May with the intention of buying back later. You and your maxi boy had your doubts, yet here you are spitting the same lyrics.

The big players (hedge funds) have possibly had their hands tied by the new SEC regulations in May. It will need newer players (possibly banks) and/or ETFs for to do the heavy lifting and give us new ATH.

Also is the leverage game still a thing. BTC would never have got close to 64K without that. That needs to be in play otherwise forget about it.

I've  always maintained  im not a trader or short  term guy.  Ive said its risky with that approach. Buy and hodl and you wont lose, Buy and try to time the market and you're  almoet guaranteed  to lose 80% of the time.  If you made some coin, congratulations. Hope in continues...it is a bull market after all.
Who is my Maxi boy? Are you claiming im a Maxi?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 22, 2021, 05:53:14 PM
Quote from: Theoak* on July 22, 2021, 05:22:16 PM
I've  always maintained  im not a trader or short  term guy.  Ive said its risky with that approach. Buy and hodl and you wont lose, Buy and try to time the market and you're  almoet guaranteed  to lose 80% of the time.  If you made some coin, congratulations. Hope in continues...it is a bull market after all.
Who is my Maxi boy? Are you claiming im a Maxi?

There is only one poster on here who sounds like a cult member. We all know who that is.

"Buy and try to time the market and you're  almoet guaranteed  to lose 80% of the time."

If you buy at what you believe is close to the bottom and don't intend to sell until the price the bigger, then that should be a nice win. If you get it horribly wrong and some how buy near the top, end up hodling for a few years and then selling at a bigger price, how exactly do you end up losing 80% of time?

That's pretty much following the bitcoin hodling thesis, just taking profit along the way (it works even better when the tax situation is almost a non issue)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on July 22, 2021, 06:20:28 PM
Quote from: Flexacon on July 22, 2021, 05:53:14 PM
There is only one poster on here who sounds like a cult member. We all know who that is.

"Buy and try to time the market and you're  almoet guaranteed  to lose 80% of the time."

If you buy at what you believe is close to the bottom and don't intend to sell until the price the bigger, then that should be a nice win. If you get it horribly wrong and some how buy near the top, end up hodling for a few years and then selling at a bigger price, how exactly do you end up losing 80% of time?

That's pretty much following the bitcoin hodling thesis, just taking profit along the way (it works even better when the tax situation is almost a non issue)

That works for you, Gib is also in a tax free jurisdiction however he hodls. My neck of the woods you're looking at 45%.! Yes the thesis is hodl as an investment.  Ive yielded this year at the top and bottoms currently. $1000-1500 weekly across two lending platforms. I dont sell because my situation is vastly different to 99% of those in crypto and after 8 years ive managed to disconnect majority of my emotion from the  market.

If you're in a tax free country or you found a loophole and helps  you retire by 40,  then by all means go for it. Majority of the people aren't  you getting into this market and will get rekt, especially retail.  Hodl strategy is geared towards them and as of late on chain metrics show the smaller addressers are hodling  and accumulating.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on July 22, 2021, 07:03:25 PM
Quote from: Mayday on July 22, 2021, 03:43:48 PM
The short version.

There are 2 distinct phases. Long fundamental phase (the mean). Short FOMO phase.

Long fundamental phase shows the impact of coins HoDL’d. The short FOMO phase doesn’t show shit about the fundamental price.

The charts I post indicate where we are in this mean reversion. We are months away from the mean reversion.

If your idea of a good time involves engrossing yourself over chart patterns, wicks and moving averages, then by all means, please feel free to do so.

Meanwhile I'll be at Cedar Creek lake fishing for sand bass with an ice cold Busch light in my hand and some Bar-S hot dogs cooking on the grill.

The technical analysis lifestyle isn't for me but I support you 100% in your pursuance of it and any nuggets of wisdom picked up along the way will be taken into consideration as well.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Jakobslander on July 23, 2021, 03:30:34 AM
Quote from: polychronopolous on July 22, 2021, 08:28:09 AM
It is still decentralized.

Squeeze me? Look, if you want to buy Bitcoin, one of the best places to look is the Justice Department, they have mandatory crypto liquidations every other week.

People claiming Bitcoin is decentralized remind me of the Amish that use a gas generator (because it's off-grid) to get around their local minister's edicts.

Bitcoin is an alternative to money AND gold. No need to try and hang any more shiny balls on this tree.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Jakobslander on July 23, 2021, 03:33:44 AM
Quote from: Theoak* on July 22, 2021, 05:22:16 PM
I've  always maintained  im not a trader or short  term guy.  Ive said its risky with that approach. Buy and hodl and you wont lose, Buy and try to time the market and you're  almoet guaranteed  to lose 80% of the time.  If you made some coin, congratulations. Hope in continues...it is a bull market after all.
Who is my Maxi boy? Are you claiming im a Maxi?

For the life of me, I will never understand how or why people trade Bitcoin. It is going to 1MM. Why, WHY, would anyone trade it?

And then bitch about the short term capital gains taxes mind you.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 23, 2021, 03:53:40 AM
Quote from: Theoak* on July 22, 2021, 03:47:10 PM
Mayday basically has called 64k a top in this cycle and 80% drawdown by April. Where i believe a price floor after  blow off from the top will sit at around 60k levels.  Either way Btc is here to stay. Enjoy the ride.

September will tell a lot in macro trend so we need to see what that looks like.

The reason I am more bearish is because we already blew past the halfway turnaround point in the larger macro trend for BTC.

Think of it like being in a spaceship where we want to use the orbit of the moon to slingshot back to Earth. We approached the moon and missed it. Now we are in space so how the fuck do we plan to turn around? We can’t, until we reach the next planet which means we have further and longer to travel.

Quote from: polychronopolous on July 22, 2021, 07:03:25 PM
If your idea of a good time involves engrossing yourself over chart patterns, wicks and moving averages, then by all means, please feel free to do so.

Meanwhile I'll be at Cedar Creek lake fishing for sand bass with an ice cold Busch light in my hand and some Bar-S hot dogs cooking on the grill.

The technical analysis lifestyle isn't for me but I support you 100% in your pursuance of it and any nuggets of wisdom picked up along the way will be taken into consideration as well.

I’m spectrum autist so not really a question of good time, it’s addictive so I tend to keep away from numbers unless at work.

But I fucked up in the bullrun. Got things wrong because first time and trying to learn quick. Still made over 100k which bought a new car so not all bad. I learn fast though so no prob now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on July 23, 2021, 05:50:18 AM
https://seekingalpha.com/news/3718526-anthony-scaramucci-china-having-tiananmen-square-moment-sees-bitcoin-at-100000-by-year-end?utm_source=coinmarketcap.com&utm_medium=referral

China having 'Tiananmen Square moment,' Bitcoin at $100,000 by year end

Anthony Scaramucci, founder of SkyBridge Capital and a former White House aide in the Trump administration, said Friday that the recent regulatory crackdowns from the Chinese government equate to a "Tiananmen Square moment of capitalism" meant to regain control over the country's business leaders.

Speaking to CNBC, Scaramucci also predicted that Bitcoin would reach $100,000 by the end of the year, calling it "Amazon of 1997-2000."

Scaramucci's comments came as Chinese stocks suffered a general sell-off in Friday's pre-market trading. This included a 10% drop in DiDi, which added to a 11% retreat the previous day.

Scaramucci said the increased regulatory scrutiny in China will add risk premium for those stocks and make it harder for them to grow overseas.

On the cryptocurrency market, Scaramucci called Bitcoin the "apex predator" of crypto, though he also thought Ethereum was a strong competitor.

The former White House staffer said Bitcoin and Ethereum could become the "Coke and Pepsi" of cryptocurrency.

He noted that Skybridge launched an Ethereum fund earlier this month.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on July 23, 2021, 05:54:51 AM
https://markets.businessinsider.com/news/stocks/family-offices-bitcoin-cryptocurrencies-crypto-inflation-hedge-goldman-sachs-2021-7

60% of super-rich family offices own crypto or are interested as inflation soars, Goldman Sachs says

The investment firms of the super-rich are increasingly interested in cryptocurrencies, a survey by Goldman Sachs has found, with 15% already having bought in and 45% saying they could well do in the future.

Goldman said in a report on Wednesday that many respondents said they were considering cryptocurrencies "as a way to position for higher inflation, prolonged low rates, and other macroeconomic developments following a year of unprecedented global monetary and fiscal stimulus."

The bank surveyed 150 family offices - investment firms that look after the wealth of the very rich.

Interest in cryptocurrencies such as bitcoin varied from region to region. Goldman found 24% of family offices in the Americas had put some money in the space already, compared to just 8% in Asia and 8% in Europe, the Middle East and Africa (EMEA).

Around 40% of respondents said they were concerned about monetary debasement as central banks pump money into economies, with more than 40% of this group saying they would consider buying digital assets.

Family offices are a growing force in the investing world, thanks in large part to the boom in billionaires. Of the 150 firms surveyed by Goldman, 22% managed $5 billion or more and 44% managed between $1 billion and $4.9 billion.

Goldman's report said: "Our conversations with family offices indicate they are interested in getting exposure not only to cryptocurrencies but also to innovation in the digital assets ecosystem."
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 23, 2021, 06:40:08 AM
Quote from: Griffith on July 23, 2021, 05:54:51 AM
https://markets.businessinsider.com/news/stocks/family-offices-bitcoin-cryptocurrencies-crypto-inflation-hedge-goldman-sachs-2021-7



The issue for your regular crypto investor is that if hedgefunds buy more and more crypto, then the first thing they'll do during any financial crash is sell crypto to cover losses elsewhere.

This sends the crypto prices crashing, so your regular investor is left holding the bags.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on July 23, 2021, 09:07:53 AM
"Rickety, outdated, old timey technology"  ::)

Jack Dorsey says bitcoin will be a big part of Twitter’s future


Twitter CEO Jack Dorsey confirmed to investors that bitcoin will be a “big part” of the company’s future, as he sees opportunities to integrate the cryptocurrency into existing Twitter products and services, including commerce, subscriptions and other new additions like the Twitter Tip Jar and Super Follows.

Dorsey has been a staunch bitcoin advocate for years, but how it would be put into action on Twitter’s platform had not yet been spelled out in detail. However, Dorsey has often publicly touted the cryptocurrency, saying it reminds him of the “early days of the internet” and that there wasn’t “anything more important” in his lifetime for him to work on.

More recently, Dorsey launched a $23.6 million bitcoin fund with Jay Z and announced plans to lead his other company Square into the decentralized financial services market by way of bitcoin. Square also this year acquired a majority stake in Jay-Z’s TIDAL music service with an eye toward how blockchain technologies and cryptocurrencies could change the music business.

Today, Dorsey also dubbed bitcoin one of three key trends for Twitter’s future, along with AI and decentralization — the latter which Twitter is pursuing through its “Bluesky” initiative.

Twitter’s decentralized future


He touted bitcoin to investors on Twitter’s second quarter earnings call, saying it could help the company move faster in terms of its product expansions, while explaining that it was the “best candidate” to become the “native currency” of the internet. (Incidentally, Square’s $50 million in bitcoin purchased in 2020 was worth $253 million by February 2021, and it purchased $170 million more earlier this year.)

“If the internet has a native currency, a global currency, we are able to able to move so much faster with products such as Super Follows, Commerce, Subscriptions, Tip Jar, and we can reach every single person on the planet because of that instead of going down a market-by-market-by-market approach,” Dorsey explained. “I think this is a big part of our future. I think there is a lot of innovation above just currency to be had, especially as we think about decentralizing social media more and providing more economic incentive. So I think it’s hugely important to Twitter and to Twitter shareholders that we continue to look at the space and invest aggressively in it,” he added.



https://techcrunch.com/2021/07/22/jack-dorsey-says-bitcoin-will-be-a-big-part-of-twitters-future/amp/?__twitter_impression=true
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on July 23, 2021, 12:23:41 PM
http://www.getbig.com/boards/index.php?action=post;topic=574601.7750;last_msg=9614757

ETH whales accumulated nearly 1.65 million coins in the last six days.

Ethereum (ETH), the world’s second most valuable digital currency, touched nearly $2,100 today after the overall market cap of cryptocurrencies jumped by approximately $50 billion in the 24 hours. Due to the latest price surge, Ethereum’s on-chain activity is showing some signs of recovery.

According to the latest data published by crypto analytics platform Santiment, Ethereum whale addresses holding between 10,000 and 1 million ETH now own a total of 60.5 million coins. Large Ethereum addresses accelerated the accumulation of ETH since the start of this week.

“Ethereum whales that hold between 10k and 1m ETH in their respective wallets now own a cumulative total of 60.52m coins. This is the highest amount held by this tier since 5 weeks and represents a 1.65m ETH accumulation in the past 6 days,” Santiment mentioned.

During the last seven days, ETH remained the top-performing cryptocurrency with a substantial gain of nearly 12%. Currently, the cryptocurrency is trading above $2,060 with a market cap of over $240 billion. ETH’s crypto market dominance spiked above 18% on Friday, its highest level in nearly three weeks.

Significant ETH transfers have increased in the last few days amid a jump in the volatility of the world’s second-largest cryptocurrency. On 12 July 2021, a prominent ETH wallet moved 40,000 coins from the crypto exchange Gemini to a digital wallet. Whale Alert, a blockchain tracking firm, recently highlighted the movement of 145,363 Ethereum to an unknown digital wallet. The total value of the mentioned transfer currently stands at around $292 million.

According to the recent weekly digital fund flows report published by CoinShares, Europe’s leading crypto asset management firm, Ethereum-related investment products attracted $11.7 million worth of inflows last week, compared to outflows worth $10.4 million from BTC investment products. In July’s research note, Goldman Sachs highlighted the growing popularity of Ethereum and mentioned that ETH has the potential to overtake Bitcoin (BTC) in the future.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 23, 2021, 02:54:08 PM
Quote from: Flexacon on July 23, 2021, 06:40:08 AM
The issue for your regular crypto investor is that if hedgefunds buy more and more crypto, then the first thing they'll do during any financial crash is sell crypto to cover losses elsewhere.

This sends the crypto prices crashing, so your regular investor is left holding the bags.

But Saylor said to HoDL. Can we let the hedge funds know to HoDL? Maybe send them Saylor’s videos?

Not so crazy to believe market behaviour will change when big money comes in. Like….I dunno…. say the parabolic peak gets chopped in half and there becomes massive incentive for a downside as low as possible…..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on July 23, 2021, 10:20:00 PM
Quote from: Mayday on July 23, 2021, 02:54:08 PM
But Saylor said to HoDL. Can we let the hedge funds know to HoDL? Maybe send them Saylor’s videos?

Not so crazy to believe market behaviour will change when big money comes in. Like….I dunno…. say the parabolic peak gets chopped in half and there becomes massive incentive for a downside as low as possible…..

He also said he bought  google, apple, amazon and facebook at their very beginnings and made a shit tonne of money and those companies  cant compare to btc in his opinion. Saylor tried trading and lost money. He always maintained the view of hodling strong assets, BTC now being the apex asset moving towards the future.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 24, 2021, 04:57:55 AM
Quote from: Theoak* on July 23, 2021, 10:20:00 PM
He also said he bought  google, apple, amazon and facebook at their very beginnings and made a shit tonne of money and those companies  cant compare to btc in his opinion. Saylor tried trading and lost money. He always maintained the view of hodling strong assets, BTC now being the apex asset moving towards the future.

Hedgefunds have bet big on MicroStrategy Incorporated. Sounds bullish for bitcoin, but what does it really mean?

You have big buyers with a mutually beneficial interest to manipulate the price of bitcoin to best suit their needs.

How often did Saylor tweet he'd bought a bunch of bitcoin only for the price crash? Which is more believable? Saylor was unlucky and bought the peaks or there was coordinated market manipulation going on by some very wealthy and clever individuals?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on July 24, 2021, 05:57:13 AM
Quote from: Theoak* on July 23, 2021, 10:20:00 PM
He also said he bought  google, apple, amazon and facebook at their very beginnings and made a shit tonne of money and those companies  cant compare to btc in his opinion. Saylor tried trading and lost money. He always maintained the view of hodling strong assets, BTC now being the apex asset moving towards the future.

Saylor has the ability to look himself in the mirror and admit that he was wrong. I respect that. So many people cannot bring themselves to do it.

How foolish was it to "trade" Amazon back in the early 2000s when you could have simply held?

You can slap people across the face with the fundamentals of BTC, the infrastructure being built and the big time money being invested and yet they still try to "time the market"  ::) with hopes to dump it at a short term future date.

In the words of the legendary Nautilus founder Arthur Jones - "It's stupid as hell"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 24, 2021, 07:25:21 AM
Quote from: polychronopolous on July 24, 2021, 05:57:13 AM
Saylor has the ability to look himself in the mirror and admit that he was wrong. I respect that. So many people cannot bring themselves to do it.

How foolish was it to "trade" Amazon back in the early 2000s when you could have simply held?

You can slap people across the face with the fundamentals of BTC, the infrastructure being built and the big time money being invested and yet they still try to "time the market"  ::) with hopes to dump it at a short term future date.

In the words of the legendary Nautilus founder Arthur Jones - "It's stupid as hell"

Only a fool would compare a stock like Amazon to something like Bitcoin, so it's no surprise it's you making the comparison.

When was the last time Amazon stock price dropped over 50% or doubled in price over a couple of months?

Gotta love the cult like delusion. Are you also a scientologist?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 24, 2021, 06:16:14 PM
Quote from: Flexacon on July 24, 2021, 07:25:21 AM
Only a fool would compare a stock like Amazon to something like Bitcoin, so it's no surprise it's you making the comparison.

When was the last time Amazon stock price dropped over 50% or doubled in price over a couple of months?

Gotta love the cult like delusion. Are you also a scientologist?

Very different assets and dynamics. But I think the point is, not to confuse (or be deterred) between short term volatility and a long term trend. The birth of an entirely new asset class (and indeed an entirely new global monetary system, replacing the state as the decider of how humans store value and exchange value) is bound to be volatile during the birth and infancy stages...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 24, 2021, 06:35:35 PM
Quote from: gib on July 24, 2021, 06:16:14 PM
Very different assets and dynamics. But I think the point is, not to confuse (or be deterred) between short term volatility and a long term trend. The birth of an entirely new asset class (and indeed an entirely new global monetary system, replacing the state as the decider of how humans store value and exchange value) is bound to be volatile during the birth and infancy stages...

Nah the point was you should hodl and that's the only way to do it.

The maxis and hodlers on here don't believe in ever taking any profit. They even referenced you as an example of the hodl strategy.

I didn't correct them and say that you sold and actually took some profit along the way. In their opinion this strategy is a surefire way to lose money. You're one of the "fools" Gib!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 25, 2021, 12:27:33 AM
LoL

Gib is a good guy, he is a nice maxi  :D

HoDL has risk. Just ask the XRP HoDLers who are back in a bear market again.

I’ve said this before that the 64k top was supposed to be a 130k+ parabolic peak. It Got cut in half to enable distribution at a higher ave price for whales so they could dump into retail. Even today after a 53% nuke and 2 months of bleeding retail dry, plebs still argue it can’t be a top because it wasn’t parabolic.

If we had a 130k parabolic spike does anyone really think they’d be in right now? Just because we didn’t get that shape doesn’t mean the retail FOMO didn’t happen.

Americans are already complaining over KYC on overseas exchanges kissing their 100x leverage goodbye. So if we got to 64k with 100x leverage in play and now it’s 25x…… you begin to see the risk involved and That’s before they go hard after Tether and close down unregulated personal wallets.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on July 25, 2021, 02:34:43 AM
Quote from: Flexacon on July 24, 2021, 07:25:21 AM
Only a fool would compare a stock like Amazon to something like Bitcoin, so it's no surprise it's you making the comparison.

When was the last time Amazon stock price dropped over 50% or doubled in price over a couple of months?

Gotta love the cult like delusion. Are you also a scientologist?

Amazon traded down 80% on 5 occasions and down 95% on 1 occasion. 25 years later amazon trades at $3500. Baring any black swan event we wont see those draw downs again. Amazon has matured in that time. The question is, the fastest growing network with adoption rising at an exponential rate, where do you see Btc in 25 years from its inception (2033)? $3500?




Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 25, 2021, 05:11:24 AM
Quote from: Mayday on July 25, 2021, 12:27:33 AM
Americans are already complaining over KYC on overseas exchanges kissing their 100x leverage goodbye. So if we got to 64k with 100x leverage in play and now it’s 25x…… you begin to see the risk involved and That’s before they go hard after Tether and close down unregulated personal wallets.

FTX just announced 15mins ago they are reducing leverage.

Max allowable is now 20x

Other exchanges will follow.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Jakobslander on July 25, 2021, 05:54:37 AM
Quote from: Mayday on July 25, 2021, 12:27:33 AM
Americans are already complaining over KYC on overseas exchanges[...]

But, but, but... Bitcoin is decentralized! And un-confiscatable!

Meanwhile the Justice Department keeps having BTC liquidation rounds every week and the US government keeps rounding up all the addresses and uncovering who is behind them. And then, out of the blue, one day:

(https://i.pinimg.com/originals/72/8d/43/728d43fedabd5c657328a70342783981.gif)

I tell you what... Tone Vays' and Willy Woo's bunker better be deep enough because people are going to be looking for them.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on July 25, 2021, 06:19:10 AM
Quote from: Jakobslander on July 25, 2021, 05:54:37 AM
But, but, but... Bitcoin is decentralized! And un-confiscatable!

Meanwhile the Justice Department keeps having BTC liquidation rounds every week and the US government keeps rounding up all the addresses and uncovering who is behind them. And then, out of the blue, one day:

(https://i.pinimg.com/originals/72/8d/43/728d43fedabd5c657328a70342783981.gif)

I tell you what... Tone Vays' and Willy Woo's bunker better be deep enough because people are going to be looking for them.

Ah so it's all been set up and ran by some guy behind a curtain who controls the network and will swoop in and snatch our satoshis up at any given moment  :D

(https://static.wixstatic.com/media/414b77_ae789ddc605c426b8d3a8f191472fa82~mv2.jpg/v1/fill/w_461,h_443,al_c,lg_1,q_80/414b77_ae789ddc605c426b8d3a8f191472fa82~mv2.webp)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Jakobslander on July 25, 2021, 06:33:53 AM
Quote from: polychronopolous on July 25, 2021, 06:19:10 AM
Ah so it's all been set up and ran by some guy behind a curtain who controls the network and will swoop in and snatch our satoshis up at any given moment  :D

(https://static.wixstatic.com/media/414b77_ae789ddc605c426b8d3a8f191472fa82~mv2.jpg/v1/fill/w_461,h_443,al_c,lg_1,q_80/414b77_ae789ddc605c426b8d3a8f191472fa82~mv2.webp)

Damn, that's what you got from my comment?

LOL
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 25, 2021, 07:08:22 AM
Quote from: Theoak* on July 25, 2021, 02:34:43 AM
Amazon traded down 80% on 5 occasions and down 95% on 1 occasion. 25 years later amazon trades at $3500. Baring any black swan event we wont see those draw downs again. Amazon has matured in that time. The question is, the fastest growing network with adoption rising at an exponential rate, where do you see Btc in 25 years from its inception (2033)? $3500?

Those crashes were in the early days of Amazon or as a result of dotcom or 2008.

What event caused bitcoin to dump? There are no definitive answers.

There are very few definitive answers when it comes to bitcoin. Is it currency? A store or value? A hedge against a financial crash? decentralized? There are holes in any pro bitcoin argument. Will we get to the point where we live in a digital world and bitcoin becomes a "collectors item"? I wouldn't actually bet against that.

Does Bitcoin have the best minds in the cryptospace working on it's development. Not really, most of them are tied to Ethereum. Your point about adoption rising at an exponential rate. That's not unique to bitcoin and bitcoin has yet to meet its biggest challengers. Government coins.

All we know for certain is Bitcoin was first and the price occasionally rockets up and flash crashes.

Despite all that, I am actually bullish on bitcoin right now. Not because I believe in it, but because of the recent monster filing dumped on the DTCC website. It looks like they intend to actually start regulating the US financial markets. The game will be over for a lot of the big players/manipulators and I can only see them taking their game to one place..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 25, 2021, 07:11:09 AM
This explains hodl mentality better than anything I've seen

(https://preview.redd.it/1utg3dhdnjc71.jpg?width=640&crop=smart&auto=webp&s=ceec097d33950028ed264a78dcc8cc0c34b7ec0b)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on July 25, 2021, 11:00:45 AM
$30 Billion State-Managed Pension Fund Invests in Publicly Traded Bitcoin Miners


New Jersey’s pension fund has gained indirect exposure to Bitcoin and cryptocurrencies by investing in their mining companies.

The pension fund with $30 billion in total assets of its state employees took stakes in two of the biggest names, Riot Blockchain and Marathon Digital Holdings.

According to the state-managed pension fund’s disclosure documents, Common Pension Fund D had $3.66 million in Riot Blockchain and $3.39 million in Marathon at the end of June.

RIOT stocks are currently trading at $28.10, down 64% from mid-February all-time high of $77.90, but still up nearly 12% YTD. As for MARA shares, at $24.64, it is down 56.4% from its early April peak of $56.56 but still up 13.6% YTD.

This is New Jersey’s first allocation in the crypto sector, with other state-pension schemes also getting warmer to crypto in recent months, particularly California through its largest public pension in the U.S.

At the end of last year, California Public Employees' Retirement System (CalPERS), with $441 billion in assets, bought more RIOT shares for the first time since 2017 and was holding 113,034 shares in RIOT worth just under $2 million at the time.

https://bitcoinexchangeguide.com/30-billion-state-managed-pension-fund-invests-in-publicly-traded-bitcoin-miners/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Jakobslander on July 25, 2021, 11:19:55 AM
Quote from: polychronopolous on July 25, 2021, 11:00:45 AM
$30 Billion State-Managed Pension Fund Invests in Publicly Traded Bitcoin Miners


New Jersey’s pension fund has gained indirect exposure to Bitcoin and cryptocurrencies by investing in their mining companies.

The pension fund with $30 billion in total assets of its state employees took stakes in two of the biggest names, Riot Blockchain and Marathon Digital Holdings.

According to the state-managed pension fund’s disclosure documents, Common Pension Fund D had $3.66 million in Riot Blockchain and $3.39 million in Marathon at the end of June.

RIOT stocks are currently trading at $28.10, down 64% from mid-February all-time high of $77.90, but still up nearly 12% YTD. As for MARA shares, at $24.64, it is down 56.4% from its early April peak of $56.56 but still up 13.6% YTD.

This is New Jersey’s first allocation in the crypto sector, with other state-pension schemes also getting warmer to crypto in recent months, particularly California through its largest public pension in the U.S.

At the end of last year, California Public Employees' Retirement System (CalPERS), with $441 billion in assets, bought more RIOT shares for the first time since 2017 and was holding 113,034 shares in RIOT worth just under $2 million at the time.

https://bitcoinexchangeguide.com/30-billion-state-managed-pension-fund-invests-in-publicly-traded-bitcoin-miners/

This is getting batshit crazy.

Why don't they just come out of the Bitcoin closet and say "we bought a shitload of BTC."

I know the SEC is all up on they b-ness with the announcements but this "miners" and "OTC" bullshit is getting stoopid. It's like me saying "yeah, I bought stock of a company that sells to Amazon."
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 25, 2021, 12:03:10 PM
Quote from: Jakobslander on July 25, 2021, 11:19:55 AM
This is getting batshit crazy.

Why don't they just come out of the Bitcoin closet and say "we bought a shitload of BTC."

I know the SEC is all up on they b-ness with the announcements but this "miners" and "OTC" bullshit is getting stoopid. It's like me saying "yeah, I bought stock of a company that sells to Amazon."

Calm down and let's look deeper. Remember this was a maxi posting this. One that's a complete brain dead fool and incapable of any critical thinking.

This pension fund holds nearly 2000 stocks.

Just to put things into perspective it also holds some speculative and highly volatile stocks, often called meme stocks. Their volatility make bitcoin look like a stablecoin.

They hold $13 million worth of AMC and $8 million worth of Gamestop (meme stocks). Now look at their bitcoin mining investments again. It's peanuts and not news worthy at all.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 25, 2021, 06:25:53 PM
Amazon is "definitely" in. Also plans in place for their own coin at some point.


https://www.cityam.com/amazon-definitely-lining-up-bitcoin-payments-and-token-confirms-insider/
 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 25, 2021, 06:54:23 PM
Quote from: Mayday on July 25, 2021, 12:27:33 AM
LoL

Gib is a good guy, he is a nice maxi  :D

HoDL has risk. Just ask the XRP HoDLers who are back in a bear market again.


:) Thanks for those kind words. :)

Well it is true that last time around in 2018 I sold. (I yes I did disclose that here at the time). My rationale was that there was such a parabolic upward trend that when the "pop" occurred, there would be significant downside. So basically all my coins I had bought at around 3500 I sold after 6 months for around 16000 - one of my best ever ROI's. That sale did not change my view on any of the fundamental qualities of Bitcoin (which I had PAINSTAKINGLY explained to Mr Anabolic). But it was an opportunity to take a nice profit and then rebuy. That one move enabled me to significantly increase the number of coins I had on the rebuy...

This time around, I am pretty much determined to HODL long term (as in at least until the next halvening and the year thereafter, 2025ish). So, I didn't sell at 60, or 65K, and I don't think I would have sold at 100K. Now, having said all that, if I saw a similar parabolic move to something like what happened end of 2017 (for example 400K by end of this year), then yes, something like that would tempt me to take some gains. But even then, I would never entirely sell everything, ever.

But still, for me tBTC s is a long term bet on a one way move (with unpredictable volatility in-between). So, whilst I can say with certainty there will be vol along the way, and whilst I am willing to make a very sure bet on a long term upward direction over time, I don't pretend to myself that I am able to predict the direction and timing for short term movements.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 25, 2021, 09:26:35 PM
Wonder how many short term traders there are here vs hodlers?

Some I suspect have probably have more in and outs that Vince's (CSN MFT BTC) anus...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 25, 2021, 09:37:12 PM
Quote from: gib on July 25, 2021, 09:26:35 PM
Wonder how many short term traders there are here vs hodlers?

Some have probably have more in and outs that Vince's anus...

I'd call myself a midterm trader. I've sold 90% of the max investment I was willing to put in crypto twice in the last 5 years. Other times I've speculated buying and selling smaller amounts hoping to land a hail mary.

Gib wtf is going on right now in Asia? Has someone major been liquidated? Possibly another Archegos situation?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 25, 2021, 09:50:07 PM
Yep shorters just got blown the fuck up! BTC wick on binance hit 48k in a crazy short squeeze!!

(https://pbs.twimg.com/media/E7LyrtQWEAAtDRw?format=jpg&name=medium)

https://mobile.twitter.com/HsakaTrades/status/1419464103853125632


It was on 4chan again. LMAO

https://boards.4channel.org/biz/thread/39159243/you-will-witness-the-biggest-short-squeeze-in

Crazy bullish news about Amazon possibly jumping into crypto, followed by a short squeeze that was predicted on 4chan. God tier manipulation and trolling to do this twice now!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 26, 2021, 12:24:08 AM
Quote from: Flexacon on July 25, 2021, 09:37:12 PM
I'd call myself a midterm trader. I've sold 90% of the max investment I was willing to put in crypto twice in the last 5 years. Other times I've speculated buying and selling smaller amounts hoping to land a hail mary.

Gib wtf is going on right now in Asia? Has someone major been liquidated? Possibly another Archegos situation?

I literally called a top trader from a fund in Hong Kong only an hour ago. Well according to hom, 3 things. First a major developer in China is massively over-leveraged, and we may see bond defaults (and a cascading effect).

Second is the increased Government intervention on all aspects related to tech, and now more recently other sectors such as education.

Third is China increasing isolate itself from the world, as the world response to its aggressive actions. Eventually that isolation harms trade and that harms GDP.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 26, 2021, 12:27:21 AM
Quote from: Flexacon on July 25, 2021, 09:50:07 PM
Yep shorters just got blown the fuck up! BTC wick on binance hit 48k in a crazy short squeeze!!

(https://pbs.twimg.com/media/E7LyrtQWEAAtDRw?format=jpg&name=medium)

https://mobile.twitter.com/HsakaTrades/status/1419464103853125632


It was on 4chan again. LMAO

https://boards.4channel.org/biz/thread/39159243/you-will-witness-the-biggest-short-squeeze-in

Crazy bullish news about Amazon possibly jumping into crypto, followed by a short squeeze that was predicted on 4chan. God tier manipulation and trolling to do this twice now!

...Squeezed harder than back when Vince's (CSN MFT BTC) sphincter was de-flowered...

Sorry, could not resist. :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 26, 2021, 02:25:40 AM
Quote from: gib on July 26, 2021, 12:24:08 AM
I literally called a top trader from a fund in Hong Kong only an hour ago. Well according to hom, 3 things. First a major developer in China is massively over-leveraged, and we may see bond defaults (and a cascading effect).

Second is the increased Government intervention on all aspects related to tech, and now more recently other sectors such as education.

Third is China increasing isolate itself from the world, as the world response to its aggressive actions. Eventually that isolation harms trade and that harms GDP.

Good info gib

Ties in with stuff Flex has said and other things I have come across but that’s more China trying to distance outside impacts on their own market.

Notice how when US loosens fiscal and monetary policy China tightens. Now the US is looking to taper,  China has just started to open its wallet. Opposite flows makes one wonder if. Hi a loosening now is getting ready for another overseas buying spree?

Quote from: Flexacon on July 25, 2021, 09:50:07 PM
Yep shorters just got blown the fuck up! BTC wick on binance hit 48k in a crazy short squeeze!!

(https://pbs.twimg.com/media/E7LyrtQWEAAtDRw?format=jpg&name=medium)

https://boards.4channel.org/biz/thread/39159243/you-will-witness-the-biggest-short-squeeze-in

Crazy bullish news about Amazon possibly jumping into crypto, followed by a short squeeze that was predicted on 4chan. God tier manipulation and trolling to do this twice now!

Awesome pump. I always wondered if this would happen because it’s too delicious going up multiple long resistance points. Illiquid market they pumped like crazy shows you just how easy it is to smash price up. People should be asking ‘if they could do this all along, why didn’t they send it to 42.2k to new liquidity order book weeks ago?’. Does make me wonder what liquidity is left because they just wrecked retail again 😂

I got a chuckle about Amazon because it has been a running piss take meme for a few weeks now.

Bulls always bang on about adoption so bears started position on twitter ‘such and such to announce bitcoin purchase’ as a joke but then make out it was serious. It would get retweeted as a joke
To see which idiots would think it was real.

See the Apple one last week? I saw the original piss take tweet and it got picked up by major media LOL. So they did it with Amazon and the bots grabbed it again and media is posting it as truth lol.

Shows how wrecked our media is. They use bots to scrap tweets and then run clickbait titles because it generates clicks and ad revenue.

But no, no one has purchased and it is one gigantic meme pisstake.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 26, 2021, 03:15:40 AM
Lets see if Elon puts the lazer eyes back on today.

3 of the biggest egos in tech, Musk, Zuck, and Bezos all in the battle to supremacy in the BTC ecosystem.

And don't count Apple or Google out. You can be very sure both are very strategically and secretly working on their plans also.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 26, 2021, 03:30:55 AM
Quote from: Mayday on July 26, 2021, 02:25:40 AM

I got a chuckle about Amazon because it has been a running piss take meme for a few weeks now.

Bulls always bang on about adoption so bears started position on twitter ‘such and such to announce bitcoin purchase’ as a joke but then make out it was serious. It would get retweeted as a joke
To see which idiots would think it was real.

See the Apple one last week? I saw the original piss take tweet and it got picked up by major media LOL. So they did it with Amazon and the bots grabbed it again and media is posting it as truth lol.

Shows how wrecked our media is. They use bots to scrap tweets and then run clickbait titles because it generates clicks and ad revenue.

But no, no one has purchased and it is one gigantic meme pisstake.

The amazon hype looks to be mostly because they had a job listing for a digital currency and blockchain specialist.

This volatility is all pretty wild even for bitcoin. $600 million entered the market in 1 minute! Given the craziness and my goal to keep things retarded, I had to pick up some Eth. This was also roughly the time I was planning to buy back in months ago. London fork upgrade isn't far away, Elon is holding Eth and on the off chance the Amazon story could actually hold some truth..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on July 26, 2021, 03:35:56 AM
Big names reporting earnings this week. Apple, Amazon, Facebook, Microsoft, Tesla, & Google are all set to report. Could they have some news about expanding balance sheets or positive comments about accepting Btc in the future?  They will be asked.

If/When Amazon do accept btc as payment, expect the price  to blow past 64k, much bigger impact on the market than Tesla.  The others will have  to follow suit and could potentially see a 6 figure price. End of year, early 22....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on July 26, 2021, 03:49:54 AM
Quote from: gib on July 26, 2021, 03:15:40 AM
Lets see if Elon puts the lazer eyes back on today.

3 of the biggest egos in tech, Musk, Zuck, and Bezos all in the battle to supremacy in the BTC ecosystem.

And don't count Apple or Google out. You can be very sure both are very strategically and secretly working on their plans also.

Musk will get wind of Amazon launch date of accepting btc and front  run them by reinststing btc payments for Tesla, or announce it shortly after.  It would be a really smart move to do so. Microstrategy is due for another  big purchase ~1billion. The dominoes might fall at once.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 26, 2021, 05:29:47 AM
Here's a another possibility of a big mover. Zuck tries joins the party with open-source instead of Diem. So much easier to implement technically, so much less resistance, scrutiny and backlash, and benefits from a common monetary language with the other major platforms.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on July 26, 2021, 05:35:40 AM
All this Amazon nonsense smells like speculative garbage until further notice.

Yes, Amazon posted a job listing for a blockchain specialist. Obviously, Amazon is looking into the crypto ecosystem and will likely make a move into it. As to whether they will accept particular coins, I think those are just speculative attempts at pumping BTC & alt coins. An "inside" revealed that Amazon would likely integrate BTC first, followed by Ethereum, Cardano and Bitcoin Cash. Yesterday, BitBoy (Ben Armstrong) reveals that his insider stated that AMP & Algorand will likely be used as the backbone to facilitate the use of the aforementioned coins. So, now we have 6 crypto projects that will likely be involved in this Amazon initiative towards crypto. But what, what about VeChain? On the China end, they already have a partnership with Amazon. Will they also become part of this group, making it a 7 project initiative by Amazon? But wait, what about PolkaDot?

It just seems like random sources, rumors, experts etc, all trying to pump their favorite cryptos. Moreover, I wouldn't be surprised if all this bullshit is slowly being ignited by institutional traders to set their stage.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 26, 2021, 05:57:58 AM
They tried Amazon news in 2017. Seriously, it’s a twitter meme game where people try and create a crypto headline then everyone retweets to try and get media to pick it up. It’s pretty cool to see it work.

Meanwhile 1.14B in liquidations. I got Elon’s tweet, rode a 30s pump and bailed. Works every time. I have some Doge right now but only 3k worth. Fuck it, have a bit of fun lol.

Don’t Tesla release their results today or is that tomorrow? We will see if they hold BTC. If they do, I reckon that will be enough to fuel an all in apeshit run.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 26, 2021, 06:06:00 AM
Yes, Tesla today. Stay tuned and lets see if Elon gives Sats their mojo back.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on July 26, 2021, 06:38:01 AM
Quote from: gib on July 25, 2021, 09:26:35 PM
Wonder how many short term traders there are here vs hodlers?

Some I suspect have probably have more in and outs that Vince's (CSN MFT BTC) anus...

Been accumulating since 2017 and haven't sold a single satoshi.

I'm kind of like you, I'll probably wait a couple more halvings before I think about selling a little bit of it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 26, 2021, 07:52:51 AM
Quote from: OneMoreRep on July 26, 2021, 05:35:40 AM
All this Amazon nonsense smells like speculative garbage until further notice.

Yes, Amazon posted a job listing for a blockchain specialist. Obviously, Amazon is looking into the crypto ecosystem and will likely make a move into it. As to whether they will accept particular coins, I think those are just speculative attempts at pumping BTC & alt coins. An "inside" revealed that Amazon would likely integrate BTC first, followed by Ethereum, Cardano and Bitcoin Cash. Yesterday, BitBoy (Ben Armstrong) reveals that his insider stated that AMP & Algorand will likely be used as the backbone to facilitate the use of the aforementioned coins. So, now we have 6 crypto projects that will likely be involved in this Amazon initiative towards crypto. But what, what about VeChain? On the China end, they already have a partnership with Amazon. Will they also become part of this group, making it a 7 project initiative by Amazon? But wait, what about PolkaDot?

It just seems like random sources, rumors, experts etc, all trying to pump their favorite cryptos. Moreover, I wouldn't be surprised if all this bullshit is slowly being ignited by institutional traders to set their stage.

"1"

This is a great point. Griffith and others have made a few posts about how buying never really stopped amongst whales. Also remember a lot of Banks intend to start offering crypto to their customers. Great business for them if the can buy it cheap, pump it and offer it to customers.

The other thing the comes to mind is what happened with apple stock a few years ago. There was a huge FUD camp to get retail to sell, meanwhile big players and institutions bought in and once retail was out it rocketed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 26, 2021, 08:00:14 AM
Quote from: Mayday on July 26, 2021, 05:57:58 AM
They tried Amazon news in 2017. Seriously, it’s a twitter meme game where people try and create a crypto headline then everyone retweets to try and get media to pick it up. It’s pretty cool to see it work.

Meanwhile 1.14B in liquidations. I got Elon’s tweet, rode a 30s pump and bailed. Works every time. I have some Doge right now but only 3k worth. Fuck it, have a bit of fun lol.

Don’t Tesla release their results today or is that tomorrow? We will see if they hold BTC. If they do, I reckon that will be enough to fuel an all in apeshit run.

I think in 2017 Amazon had an actual crypto (might have eth) webpage on their site.

The bots however have definitely taken things to a new level of absurdity though when it comes to pumping and dumping. Back in Jan/Feb there was a coordinated effort to prove the existence of bots in pumping stocks and crypto, so people starting posting $ASS and $CUM and bots believing they were real tickers started pumping them.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on July 26, 2021, 09:57:26 AM
Quote from: Flexacon on July 26, 2021, 07:52:51 AM
This is a great point. Griffith and others have made a few posts about how buying never really stopped amongst whales. Also remember a lot of Banks intend to start offering crypto to their customers. Great business for them if the can buy it cheap, pump it and offer it to customers.

The other thing the comes to mind is what happened with apple stock a few years ago. There was a huge FUD camp to get retail to sell, meanwhile big players and institutions bought in and once retail was out it rocketed.

My angle has become diversification. I still keep money in the market (utility stocks and also big companies like Amazon, Walmart etc), Real Estate investment properties, Notes (Lease with Option to Purchase Contract), foreign market investments and as of recent cryptocurrencies.

What I now enjoy is asking experienced crypto investors what their top 10 cryptos within their portfolios are and why. I am looking to keep at least 5-10 solid cryptos in my portfolios and invest roughly about 5-10K in each one, that's it. My thought is that if I can hit home runs with 2-3 of them and see an amazing return, I would be happy. The other 7 cryptos or so that strike out are just lessons learned.

I also can't bet the house on BitCoin. I think $BTC has a world of potential and it's still the center of the universe when it comes to crypto (with a gravitational pull that drags everyone up or down with it), but tomorrow things can change. To assume that all other coins besides $BTC are shitcoins is incorrect in my opinion. These massive institutions wouldn't be betting all this money on the top 10 coins if they had that sentiment. Also, when you read about what places like China are doing to $BTC, you realize that if they have 2 preferred cryptos, those cryptos could very well make a splash down the line. Likewise, I see potential in projects like Ethereum, who in many ways could dethrone $BTC. That said, I am very much a novice and still taking it all in.

One day, I'd love for some of you to share your top 10 cryptos and your reasonings for why you hold them.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on July 26, 2021, 09:59:54 AM
https://www.bloomberg.com/news/articles/2021-07-26/bitcoin-surges-toward-40-000-level-extending-recent-recovery

More than $950 million of crypto shorts liquidated

(https://media1.tenor.com/images/3988693e4ef16ba22d6173e1341b1386/tenor.gif?itemid=8127721)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 26, 2021, 01:47:54 PM
Quote from: OneMoreRep on July 26, 2021, 09:57:26 AM
My angle has become diversification. I still keep money in the market (utility stocks and also big companies like Amazon, Walmart etc), Real Estate investment properties, Notes (Lease with Option to Purchase Contract), foreign market investments and as of recent cryptocurrencies.

What I now enjoy is asking experienced crypto investors what their top 10 cryptos within their portfolios are and why. I am looking to keep at least 5-10 solid cryptos in my portfolios and invest roughly about 5-10K in each one, that's it. My thought is that if I can hit home runs with 2-3 of them and see an amazing return, I would be happy. The other 7 cryptos or so that strike out are just lessons learned.

I also can't bet the house on BitCoin. I think $BTC has a world of potential and it's still the center of the universe when it comes to crypto (with a gravitational pull that drags everyone up or down with it), but tomorrow things can change. To assume that all other coins besides $BTC are shitcoins is incorrect in my opinion. These massive institutions wouldn't be betting all this money on the top 10 coins if they had that sentiment. Also, when you read about what places like China are doing to $BTC, you realize that if they have 2 preferred cryptos, those cryptos could very well make a splash down the line. Likewise, I see potential in projects like Ethereum, who in many ways could dethrone $BTC. That said, I am very much a novice and still taking it all in.

One day, I'd love for some of you to share your top 10 cryptos and your reasonings for why you hold them.

"1"

Until my mid 20s I never thought I'd need to bother with all this. Very few people invested in stocks in the UK if it wasn't a part of their job. You worked, saved, bought a house, paid into pensions etc and you were safe. If as a couple you both worked, then you'd have enough money to buy a second home in France or Spain to spend your summers. 2008 fucked all that up.

Your strategy (which was one of the first things I tried to teach myself) would be considered very conservative even including crypto by the "modern" retail investor. It's all about putting everything into 2 or 3 stocks/cryptos with good fundamentals, leaders you believe in and going long. Other than buying some property, that's exactly what I've done. Let's hope no one (more likely me) doesn't get rekt!

(https://cdn.arstechnica.net/wp-content/uploads/2017/08/340257-800x450.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on July 26, 2021, 02:05:52 PM
Amazon denies reports its accepting crypto this year.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 26, 2021, 02:20:05 PM
Quote from: Theoak* on July 26, 2021, 02:05:52 PM
Amazon denies reports its accepting crypto this year.

The Amazon story felt too good to be true and given other events today did suggest it was all manipulation. Wouldn't be surprised though if it's all just to build bullish sentiment again.

Tesla held their BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on July 26, 2021, 03:14:00 PM
Quote from: Flexacon on July 26, 2021, 02:20:05 PM
The Amazon story felt too good to be true and given other events today did suggest it was all manipulation. Wouldn't be surprised though if it's all just to build bullish sentiment again.

Tesla held their BTC.

Amazon denies it and I hope that all these bullshit crypto writers online rescind their articles and state an apology for talking shit. Unfortunately, we know that won't happen. I'd love to see BitBoy take back what his bullshit "source" told him.

More than half the time, I think all these guys are full of shit.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 26, 2021, 06:46:51 PM
Quote from: gib on July 26, 2021, 12:24:08 AM
I literally called a top trader from a fund in Hong Kong only an hour ago. Well according to hom, 3 things. First a major developer in China is massively over-leveraged, and we may see bond defaults (and a cascading effect).

Second is the increased Government intervention on all aspects related to tech, and now more recently other sectors such as education.

Third is China increasing isolate itself from the world, as the world response to its aggressive actions. Eventually that isolation harms trade and that harms GDP.

(https://i.redd.it/w03ccu785id71.jpg)

Might not just be China though. Look at this...

https://finance.yahoo.com/news/everybody-week-off-wall-street-100837723.html?guccounter=1&guce_referrer=aHR0cHM6Ly9kdWNrZHVja2dvLmNvbS8&guce_referrer_sig=AQAAANuqXYbOiJb-k3FScdmB-NkLxycluYbdRcPYW_S3Z6SPUxScaU9G7dI7dKzSb8zgyy6WDI2Vvm7rMSPjomo5B1IjauIL3Vtxvsb5JWj6uGJvPAQAF-3O9j5AtgdiJn725KR82fTMQId9pdDKUw31FQMDVlXRI68S93YLxVo0-1Dm

Wall Street firm tells all staff to take the week off.

"The firm has cancelled all internal meetings for the week and told employees to refrain from calls, emails and chatroom messages"

Good chance they are gonna come back in a week to find their personal stuff boxed up and waiting for them at the reception.

Wondering now if this short squeeze crypto pump was one last push to help cover losses for an incoming financial crash. Next few weeks will sure be interesting.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on July 26, 2021, 07:44:44 PM
Pumpers and HODLers only hear the good news, fake or not.






Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 26, 2021, 11:19:38 PM
Amazon was a twitter meme, it was the same guy again lol. He was pissing himself they fell for it twice.

I appreciate the stupidity of media bot programs but he cost people real life money. That’s not a nice thing to do IMO.


Quote from: Flexacon on July 26, 2021, 06:46:51 PM
(https://i.redd.it/w03ccu785id71.jpg)

Might not just be China though. Look at this...

https://finance.yahoo.com/news/everybody-week-off-wall-street-100837723.html?guccounter=1&guce_referrer=aHR0cHM6Ly9kdWNrZHVja2dvLmNvbS8&guce_referrer_sig=AQAAANuqXYbOiJb-k3FScdmB-NkLxycluYbdRcPYW_S3Z6SPUxScaU9G7dI7dKzSb8zgyy6WDI2Vvm7rMSPjomo5B1IjauIL3Vtxvsb5JWj6uGJvPAQAF-3O9j5AtgdiJn725KR82fTMQId9pdDKUw31FQMDVlXRI68S93YLxVo0-1Dm

Wall Street firm tells all staff to take the week off.

"The firm has cancelled all internal meetings for the week and told employees to refrain from calls, emails and chatroom messages"

Good chance they are gonna come back in a week to find their personal stuff boxed up and waiting for them at the reception.

Wondering now if this short squeeze crypto pump was one last push to help cover losses for an incoming financial crash. Next few weeks will sure be interesting.

Appreciate your take on this. Watching price action market makers are in full control. The only time we see price go up is MM pump to lure in retail and dump on them.

I’m eyeing September. If there is going to be a short spike this year it’s going to happen after that.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on July 27, 2021, 05:37:43 AM
Quote from: Mayday on July 26, 2021, 11:19:38 PM
Amazon was a twitter meme, it was the same guy again lol. He was pissing himself they fell for it twice.

I appreciate the stupidity of media bot programs but he cost people real life money. That’s not a nice thing to do IMO.


Appreciate your take on this. Watching price action market makers are in full control. The only time we see price go up is MM pump to lure in retail and dump on them.

I’m eyeing September. If there is going to be a short spike this year it’s going to happen after that.

You're bullish again?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on July 27, 2021, 05:43:33 AM
Why did people just jump to assume that Amazon would accept Bitcoin by wanting to hire a crypto person?  Don't you think they are more likely to want to create their own Amazon currency?  Just like facebook is doing.  Instead of sending someone a $50 Amazon giftcard you can send them $10 Amazo-bucks
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 27, 2021, 06:11:10 AM
Quote from: Mayday on July 26, 2021, 11:19:38 PM
Amazon was a twitter meme, it was the same guy again lol. He was pissing himself they fell for it twice.

I appreciate the stupidity of media bot programs but he cost people real life money. That’s not a nice thing to do IMO.


Appreciate your take on this. Watching price action market makers are in full control. The only time we see price go up is MM pump to lure in retail and dump on them.

I’m eyeing September. If there is going to be a short spike this year it’s going to happen after that.

That's pretty much how I see it (US markets). Everyone is just preparing to take a big hit soon and strange things happen all over the place.  A spike before it happens is almost a near certainty. As far as when exactly. I've given up on trying to guess that, but history would support the late 3rd quarter/early 4th quarter (September) idea.

(http://www.marketoracle.co.uk/images/2008/24-june-1fl.gif)

Don't think it will be as crazy as that, but not far off. (Japan is actually moving their stockmarket onto blockchain soon and I'd expect the rest of the world to eventually follow. The game will up then for those manipulative market makers and hedge funds which just so happen own a lot of mainstream media or like putting money in journalists pockets)

An example of something strange is the housing market in the US. Blackrock were buying a shit ton of family homes, paying over the odds for them, sometimes upto 50%. Not sure why exactly, maybe it was stop the market from crashing. Now this happens.. "U.S. New-Home Sales Unexpectedly Fall to Lowest Since April 2020" ..lumbar prices are being offered as the explanation.


(https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ifVgqSMct_lg/v2/pidjEfPlU1QWZop3vfGKsrX.ke8XuWirGYh1PKgEw44kE/620x-1.png)

https://www.bloomberg.com/news/articles/2021-07-26/u-s-new-home-sales-unexpectedly-fall-to-lowest-since-april-2020

With regards to China, one thing I haven't seen mentioned much is that I can see them getting rekt by delta this winter. Their sinovac isn't that great and the Chinese are mostly anti vax. As of right now I can't see how they'll keep delta out and I don't think we're seeing that in their markets yet (or maybe we are)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on July 27, 2021, 06:13:35 AM
Someone recently bought $1 billion BTC.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 27, 2021, 06:35:02 AM
Quote from: Griffith on July 27, 2021, 05:37:43 AM
You're bullish again?

You think he meant crypto? Yeah I didn't even think to consider that given he's been in full bear mode  :D

If we were to hit a 100K peak this year (late December or Jan) I don't think the price will change much for the next couple of months. 50K/60K in September would be nice.

Volume in a lot of US stocks tend to dry up in the summer and peak in Jan. Crypto peak year prices seem to do the same. Coincidence?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on July 27, 2021, 06:54:20 AM
Quote from: Griffith on July 27, 2021, 06:13:35 AM
Someone recently bought $1 billion BTC.





George is a smart guy.

Never gets rattled by the news cycle or obsessed over small term price fluctuations. He understands the fundamentals of Bitcoin and knows it's price is going WAY higher long term and is wise enough to simply weather the storm and hold onto to what he has. Very smart mentality.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on July 27, 2021, 07:45:18 AM
Quote from: polychronopolous on July 27, 2021, 06:54:20 AM
George is a smart guy.

Never gets rattled by the news cycle or obsessed over small term price fluctuations. He understands the fundamentals of Bitcoin and knows it's price is going WAY higher long term and is wise enough to simply weather the storm and hold onto to what he has. Very smart mentality.

Don't you know that George is GIB?  Just think about the "G".
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on July 27, 2021, 09:15:56 AM
Quote from: El Diablo Blanco on July 27, 2021, 07:45:18 AM
Don't you know that George is GIB?  Just think about the "G".

I suspected it!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on July 27, 2021, 10:16:39 AM
Quote from: Flexacon on July 24, 2021, 06:35:35 PM
Nah the point was you should hodl and that's the only way to do it.

The maxis and hodlers on here don't believe in ever taking any profit. They even referenced you as an example of the hodl strategy.

I didn't correct them and say that you sold and actually took some profit along the way. In their opinion this strategy is a surefire way to lose money. You're one of the "fools" Gib!

My last "back the truck up purchase" was around $4000 in March of last year. Never sold a satoshi of that purchase. I simply held.

Many other low to mid 4 figure purchases before that. I own every last satoshi of those as well.

While you are wringing your hands and working yourself all up into a tizzy waiting for Bitcoin to drop back down to 27k  :D I simply HODL my stack and go back to enjoying my life.

If me not not wanting to engage in such silly behavior as timing the market makes me "brain dead" or "stupid" then I'll go ahead and take that insult and accept the fact that we have 2 entirely different mentalities. 

Yes you can obviously "do things different ways" when it comes to anything in life, it's just that in this particular case my way doing it is far superior and yields far better results than yours.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 27, 2021, 11:33:54 AM
Quote from: polychronopolous on July 27, 2021, 10:16:39 AM
My last "back the truck up purchase" was around $4000 in March of last year. Never sold a satoshi of that purchase. I simply held.

Many other low to mid 4 figure purchases before that. I own every last satoshi of those as well.

While you are wringing your hands and working yourself all up into a tizzy waiting for Bitcoin to drop back down to 27k  :D I simply HODL my stack and go back to enjoying my life.

If me not not wanting to engage in such silly behavior as timing the market makes me "brain dead" or "stupid" then I'll go ahead and take that insult and accept the fact that we have 2 entirely different mentalities. 

Yes you can obviously "do things different ways" when it comes to anything in life, it's just that in this particular case my way doing it is far superior and yields far better results than yours.

I don't have many limits when it come to trolling on getbig, but this is one comment I'll leave alone My last "back the truck up purchase" was around $4000

I'll go with simple facts.

BTC was 5K in March 2020. Today it's 37.5 K. That's x7.5 (I'll round that up for you and call it x8)

Eth 100 to 2200. That's x22. Lets round down and call it x20

Only one winner there when it comes to superior yields.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on July 27, 2021, 11:57:10 AM
Quote from: Flexacon on July 27, 2021, 11:33:54 AM
I don't have many limits when it come to trolling on getbig, but this is one comment I'll leave alone My last "back the truck up purchase" was around $4000

I'll go with simple facts.

BTC was 5K in March 2020. Today it's 37.5 K. That's x7.5 (I'll round that up for you and call it x8)

Eth 100 to 2200. That's x22. Lets round down and call it x20

Only one winner there when it comes to superior yields.

What "winner" are you talking about?

What exactly, have you personally, Flex-a-Con, "won" at?

You didn't buy Ethereum at $100 and hold until this current day.

All I see you doing is running around like a chicken with his head cut off trying to guess when to buy in and when to sell.

Actually bring some receipts to the table before you run your mouth.

Or as we in the Bitcoin community like to call it, "Proof of work"  8)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 27, 2021, 12:27:14 PM
Quote from: polychronopolous on July 27, 2021, 11:57:10 AM
What "winner" are you talking about?

What exactly, have you personally, Flex-a-Con, "won" at?

You didn't buy Ethereum at $100 and hold until this current day.

All I see you doing is running around like a chicken with his head cut off trying to guess when to buy in and when to sell.

Actually bring some receipts to the table before you run your mouth.

Or as we in the Bitcoin community like to call it, "Proof of work"  8)

You're right I didn't hold until today where Eth is at 2.2k. I sold in May when it was close to 4K  ;)


"Actually bring some receipts to the table before you run your mouth. "

Post your proof first if you want to call it out. I'll wait

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on July 27, 2021, 12:45:06 PM
Quote from: Flexacon on July 27, 2021, 12:27:14 PM
You're right I didn't hold until today where Eth is at 2.2k. I sold in May when it was close to 4K  ;)


"Actually bring some receipts to the table before you run your mouth. "

Post your proof first if you're gonna call it out.

So your claim now is that you bought Ethereum at $100(the extreme, 4 year bottom) and you were able to time it just perfectly and sell at the extreme top at $4000?

You really going to go with that?

You really think myself and the other members on this forum are so stupid to believe such a thing?

I have been posting on this very thread for 4 years about purchasing bitcoin. I realize you just sauntered onto this subject a few weeks ago but yeah, I've been around.

All my cards are on the table. I don't have to be a sneaky little rat and lie about anything.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 27, 2021, 12:57:18 PM
Quote from: polychronopolous on July 27, 2021, 12:45:06 PM
So your claim now is that you bought Ethereum at $100(the extreme, 4 year bottom) and you were able to time it just perfectly and sell at the extreme top at $4000?

You really going to go with that?

You really think myself and the other members on this forum are so stupid to believe such a thing?

I have been posting on this very thread for 4 years about purchasing bitcoin. I realize you just sauntered onto this subject a few weeks ago but yeah, I've been around.

All my cards are on the table. I don't have to be a sneaky little rat and lie about anything.

You're obviously stupid. Because I didn't post that I bought ETH in March 2020. I posted the rounded up lows for ETH and BTC and the gains they've made since. The point being if you had bought ETH rather than BTC at that time you'd have made superior yields.

My apologies for forgetting I was talking to a brain dead moron and all this went over your head.

Now clown where is your proof?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on July 27, 2021, 01:00:59 PM
Quote from: Flexacon on July 27, 2021, 12:57:18 PM
You're obviously stupid. Because I didn't post that I bought ETH in March 2020. I posted the rounded up lows for ETH and BTC and the gains they've made since. The point being if you had bought ETH rather than BTC at that time you'd have made superior yields.

My apologies for forgetting I was talking to a brain dead moron and all this went over your head.

Now clown where is your proof?

 ::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 27, 2021, 01:10:11 PM
Quote from: polychronopolous on July 27, 2021, 01:00:59 PM
::)

Still waiting for the proof dumbass
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on July 27, 2021, 01:24:09 PM
Quote from: Flexacon on July 27, 2021, 01:10:11 PM
Still waiting for the proof dumbass

Proof of me buying Bitcoin after it crashed hard in March of 2020??

Yeah, it's just a few posts down from where you were mocking gib.

And somehow we are to believe that you are making fun of gib and purchasing ETH 2 months later at rock bottom prices?

Yeah sorry bro I ain't buying it.

Quote from: Flexacon on March 12, 2020, 05:59:21 PM
Gib gone from forum hero to zero in less than 24hours

Quote from: polychronopolous on March 12, 2020, 08:09:14 PM
It got down to $4100, I pretty much had to.

Let me know when we have truly hit rock bottom and I'll buy some more.

Love buying assets when blood is in the streets.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 27, 2021, 01:26:32 PM
Quote from: polychronopolous on July 27, 2021, 01:24:09 PM
Proof of me buying Bitcoin after it crashed hard in March of 2020??

Yeah, it's just a few posts down from where you were mocking gib.

And somehow we are to believe that you are making fun of gib and purchasing ETH 2 months later at rock bottom prices?

Yeah sorry bro I ain't buying it.

You got me.  I know when I'm beaten. You win.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on July 27, 2021, 01:42:14 PM
Quote from: Flexacon on July 27, 2021, 01:26:32 PM
You got me.  I know when I'm beaten. You win.

I respect that.

Cheers my brother.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 27, 2021, 02:01:54 PM
Quote from: polychronopolous on July 27, 2021, 01:42:14 PM
I respect that.

Cheers my brother.

I respect that you took the "win" so well, so I'll do the same. I'll call a truce, stop the maxi trolling and change avatars.

I bought ETH for under $100 throughout December of 2018 at the bottom of the bear market, shut the noise out and hodled until very recently. I did want to buy BTC at that time too, but it didn't drop in price as much as I wanted so I rolled more into ETH. Got "lucky" there.

Quote from: Flexacon on December 11, 2018, 02:19:18 PM

Ethereum is the other I'll speculate on.  Hopefully one of the tech giants support Ethereum or launch a crypto so I can get in early, otherwise crypto as we know will likely dead in a few years. Well until the banks adopt some kinda blockchain, but there won't be much money to be made for us mere mortals there.

Crypto isn't the same now, btc is more a store of wealth, staking is a thing, banks are still fumbling about, but other institutions are making a killing. Ethereum decided to try become it's own tech giant. Facebook close to launching its own currency. The money is still there, but the xx or xxx multiples are now more x multiples.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on July 27, 2021, 02:26:09 PM
Quote from: polychronopolous on March 12, 2020, 08:09:14 PM
It got down to $4100, I pretty much had to.

Let me know when we have truly hit rock bottom and I'll buy some more.

Love buying assets when blood is in the streets.

Great buy. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on July 27, 2021, 10:01:49 PM
Quote from: Theoak* on July 27, 2021, 02:26:09 PM
Great buy.

Just for the hell of it, I am going to go ahead and respond to this post when Bitcoin hits 55k.

I will remain completely out of the picture folks.

No stressing over the charts. No hyping up the latest scam coin.

I will simply show you how easy it is to make money with this revolutionary new technology.

Hard cap of 21 million. Decentralization. Supply cut in half every 4 years.

This is what matters to me as a long term investor of Bitcoin.

(https://diycandy.com/wp-content/uploads/2016/05/gone-fishing-sign-diy-e1464489064786-720x540.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 28, 2021, 01:06:23 AM
Quote from: polychronopolous on July 27, 2021, 10:01:49 PM
Just for the hell of it, I am going to go ahead and respond to this post when Bitcoin hits 55k.

I will remain completely out of the picture folks.

No stressing over the charts. No hyping up the latest scam coin.

I will simply show you how easy it is to make money with this revolutionary new technology.

Hard cap of 21 million. Decentralization. Supply cut in half every 4 years.

This is what matters to me as a long term investor of Bitcoin.

(https://diycandy.com/wp-content/uploads/2016/05/gone-fishing-sign-diy-e1464489064786-720x540.jpg)

See you at 55! I might just go do the same lol! :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on July 28, 2021, 06:07:53 AM
Quote from: gib on July 28, 2021, 01:06:23 AM
See you at 55! I might just go do the same lol! :)

Ill post up my portfolio at 100k...then scram.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 28, 2021, 06:33:41 AM
Quote from: Griffith on July 27, 2021, 05:37:43 AM
You're bullish again?

Nope. When I am I’ll be the biggest bull poster here.

Q4 is different sort of thing. Narrow window.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on July 28, 2021, 11:59:50 AM
https://cointelegraph.com/news/india-to-use-ethereum-blockchain-to-verify-diploma-certificates

India to use Ethereum blockchain to verify diploma certificates

The Government of Maharashtra recently announced a partnership with Indian blockchain startup LegitDoc to implement a credentialing system powered by Ethereum to provide tamper-proof diploma certificates.

To counter the rise in document forgery, the Maharashtra State Board of Skill Development (MSBSD) opposes India’s crypto ban narrative of using Ethereum-based public blockchains.

In an exclusive statement with Cointelegraph, LegitDoc CEO Neil Martis highlighted that while the certificates are verified using traditional manual methods, MSBSD will start advocating only the digital verification method for all the manual verification requests starting next year.

The partnership with LegitDoc places India among early adopters to implement an e-governance system for education with the Massachusetts Institute of Technology, Malta and Singapore.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on July 28, 2021, 12:07:18 PM
Quote from: gib on July 28, 2021, 01:06:23 AM
See you at 55! I might just go do the same lol! :)


(https://64.media.tumblr.com/412b358182a789052aba7fc11a62dbc8/tumblr_nadt6ynFMh1tukxtzo5_r1_500.gifv)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 30, 2021, 03:17:00 AM
Binance just announced they are phasing out futures and derivatives throughout Europe.

One would think one of the world’s largest exchange operators would adapt to regulatory changes and still have these services available.

Derivatives in crypto are 14x the size of spot yet Binance are walking away from the most lucrative part of crypto.


Makes one wonder what is really going on. Burry said crypto was ground zero for the next big GFC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Baras on July 30, 2021, 12:58:10 PM
Quote from: Mayday on July 30, 2021, 03:17:00 AM
Binance just announced they are phasing out futures and derivatives throughout Europe.

One would think one of the world’s largest exchange operators would adapt to regulatory changes and still have these services available.

Derivatives in crypto are 14x the size of spot yet Binance are walking away from the most lucrative part of crypto.


Makes one wonder what is really going on. Burry said crypto was ground zero for the next big GFC.

noone knows whats going on ;D
The whole point of Bitcoin trading is to buy an asset at a low price and sell it at a higher price. However, before you can start trading cryptocurrency, you will need to complete the following steps
how to trade Bitcoin (https://safetrading.today/blog/how-to-make-money-trading-bitcoin/)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on July 30, 2021, 01:31:06 PM
Something is up with Binance US as well, as it's becoming increasingly difficult to make a simple USD deposit into their exchange.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 30, 2021, 04:37:56 PM
Quote from: OneMoreRep on July 30, 2021, 01:31:06 PM
Something is up with Binance US as well, as it's becoming increasingly difficult to make a simple USD deposit into their exchange.

"1"

Binance are all kinds of sketchy. With my other 2 local exchanges which I use for spot I receive withdrawals in a few minutes.

With my futures trading on Binance fuck knows where my withdrawal is from 3 weeks ago. I go degenerate on Binance because I figure I’m never getting the money back.

I want to try 100x at least one time to feel at one with the FOMO.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on July 30, 2021, 04:57:40 PM
like i said,  sell at 42 to 52k , dont screw it up this time guys. this is good as its gonna get for awhile.
bye. ;)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 30, 2021, 07:59:12 PM
Quote from: Bindare_Dundat on July 30, 2021, 04:57:40 PM
like i said,  sell at 42 to 52k , dont screw it up this time guys. this is good as its gonna get for awhile.
bye. ;)

You sound bullish.

44k 👀
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on July 31, 2021, 02:39:05 AM
Quote from: Bindare_Dundat on July 30, 2021, 04:57:40 PM
like i said,  sell at 42 to 52k , dont screw it up this time guys. this is good as its gonna get for awhile.
bye. ;)

Thanks, quite a big range.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on July 31, 2021, 02:41:57 AM
Ethereum is getting the EIP-1559 upgrade on the 4th of August.

Could still see a pump over 2.5k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 31, 2021, 04:33:50 AM
Quote from: Griffith on July 31, 2021, 02:41:57 AM
Ethereum is getting the EIP-1559 upgrade on the 4th of August.

Could still see a pump over 2.5k.

There are a bunch of NFT related projects waiting to be announced/launched if the upgrade is successful.  ETH should also be going "green" soon. I'd be disappointed if it didn't pump closer to 3K
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on July 31, 2021, 06:03:25 AM
Quote from: Mayday on July 30, 2021, 04:37:56 PM
Binance are all kinds of sketchy. With my other 2 local exchanges which I use for spot I receive withdrawals in a few minutes.

With my futures trading on Binance fuck knows where my withdrawal is from 3 weeks ago. I go degenerate on Binance because I figure I’m never getting the money back.

I want to try 100x at least one time to feel at one with the FOMO.

I thought it was mainly the foreign Binance exchange that was sketchy, but now I am noticing that Binance.US is also acting odd. When you have difficulty depositing money into your own Binance account, to actually use in the purchase of crypto, it seems very fucking strange.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on July 31, 2021, 01:46:42 PM
The Britcoin revolution! Rishi Sunak plans to introduce official digital currency to rival cash in 'biggest upheaval in the monetary system for centuries'

https://www.dailymail.co.uk/news/article-9821855/Rishi-Sunak-plans-replace-cash-official-digital-currency.html

'Bank of England would establish a direct digital equivalent to physical money'

'Supporters say the move will give the economy a boost during a financial crisis' (lol)

'Could slash cost and time it takes to make payments online and transfer money'
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on July 31, 2021, 02:28:24 PM
For those that use US based crypto exchanges, I am slowly withdrawing my crypto assets from Binance.US and depositing them into Kraken.

Any feedback on Kraken? I see that you're able to stake a few cryptos on there and I might utilize that. Cardano seems to be one of the ones you can stake, as well as Solana.

Does anyone here have experience with Kraken (ie buying cryptos through them, staking etc)?

Thanks,

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 31, 2021, 06:24:57 PM
Quote from: OneMoreRep on July 31, 2021, 06:03:25 AM
I thought it was mainly the foreign Binance exchange that was sketchy, but now I am noticing that Binance.US is also acting odd. When you have difficulty depositing money into your own Binance account, to actually use in the purchase of crypto, it seems very fucking strange.

"1"

I use the local Oz Binance. They order spoof, have done market sell orders and seen my profit vanish. Particularly when trading alts. I can’t even get my money out lol.

My spot exchanges I have market sold 500k across 2 minutes without price drift. They don’t offer futures though, hence Binance.

Interesting with your probs in the US. I don’t know if it’s just your account or others?


Quote from: Griffith on July 31, 2021, 02:39:05 AM
Thanks, quite a big range.

he is right. Algos are running this as retail has no power anymore. Market makers could pump to 100k today if they wanted to but they become bag holders as retail and institutions would dump on them. It’s all about nuking retail.

We camp at 42k because it’s a pothole. Shorts will load up. Longs load up. I think they can short squeeze below 45k so no need to use 52k. Need to remember retail FOMO army is maybe 30% of original size so there isn’t much ‘oomph’ left to rally.

Look at YouTube views. Bitboy in April would get 180k+ per video and now is down to 40k-80k range. He is retail lifeline indicator. Retail views getting smaller and smaller. Twitter likes smaller and smaller. That’s a barometer.


Overall market structure remains unchanged for now though which is end cycle.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on July 31, 2021, 11:10:28 PM
Quote from: Mayday on July 31, 2021, 06:24:57 PM
I use the local Oz Binance. They order spoof, have done market sell orders and seen my profit vanish. Particularly when trading alts. I can’t even get my money out lol.

My spot exchanges I have market sold 500k across 2 minutes without price drift. They don’t offer futures though, hence Binance.

Interesting with your probs in the US. I don’t know if it’s just your account or others?


he is right. Algos are running this as retail has no power anymore. Market makers could pump to 100k today if they wanted to but they become bag holders as retail and institutions would dump on them. It’s all about nuking retail.

We camp at 42k because it’s a pothole. Shorts will load up. Longs load up. I think they can short squeeze below 45k so no need to use 52k. Need to remember retail FOMO army is maybe 30% of original size so there isn’t much ‘oomph’ left to rally.

Look at YouTube views. Bitboy in April would get 180k+ per video and now is down to 40k-80k range. He is retail lifeline indicator. Retail views getting smaller and smaller. Twitter likes smaller and smaller. That’s a barometer.


Overall market structure remains unchanged for now though which is end cycle.

You thin we're still going to see another big drop?

For Binance, I use XRP and send to a local exchange and then from there withdraw to my bank account. With XRP it takes about 30 seconds to arrive and costs a few cents.         
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 01, 2021, 12:29:26 AM
Quote from: Griffith on July 31, 2021, 11:10:28 PM
You thin we're still going to see another big drop?

See this?

This is why we haven’t cracked 42k yet 👀

Closing longs = sell pressure.

These are market makers closing out positions into a retail FOMO buy wall. Closing of longs precedes a dump in price. Yes price can still go up in order to keep the buy wall alive.

There’s a lot more aswell but I’ll write too many words lol.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on August 01, 2021, 09:45:21 AM
Quote from: Mayday on July 31, 2021, 06:24:57 PM


Look at YouTube views. Bitboy in April would get 180k+ per video and now is down to 40k-80k range. He is retail lifeline indicator. Retail views getting smaller and smaller. Twitter likes smaller and smaller. That’s a barometer.


Overall market structure remains unchanged for now though which is end cycle.

Banks have just started offering crypto access to their customers, so we may yet see more fomo.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 01, 2021, 05:11:39 PM
Quote from: Flexacon on August 01, 2021, 09:45:21 AM
Banks have just started offering crypto access to their customers, so we may yet see more fomo.

Perhaps.

Today sets the theme. Might be a brutal day today, slap down then punch back up.

But no, I can’t see any new FOMO happening from here when MM are unloading barrels into retail right now.

It seems we are moving fast through the bear market. We need to watch September 👀 I’ll PM you.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on August 01, 2021, 06:45:07 PM
Speaking of FOMO'ing into crypto, is anyone else looking or jumping into Chainlink?

I've always carried a small amount in my wallet, but with the current discount prices, it's hard to not grab some more.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 03, 2021, 01:16:42 AM
Quote from: OneMoreRep on August 01, 2021, 06:45:07 PM
Speaking of FOMO'ing into crypto, is anyone else looking or jumping into Chainlink?

I've always carried a small amount in my wallet, but with the current discount prices, it's hard to not grab some more.

"1"

I see you have been immune to my hardcore bear posting……..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on August 03, 2021, 03:53:26 AM
Quote from: Mayday on August 03, 2021, 01:16:42 AM
I see you have been immune to my hardcore bear posting……..

I don't think you're wrong.

Some of the best technical analysis online suggests that we might still be heading towards an 85% drop very soon. The problem is that all the $BTC & $ETH maxis will play it up as if we're heading to the moon no matter what. No objectivity whatsoever from those shills. As a result, the information is muddled.

That said, if we do have a massive drop, I'm still going bargain shopping for a few select players ($BTC & $ETH included).

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 03, 2021, 04:58:38 AM
Whales dumped into the parabolic run so hard they cut it in half.

The funny part is maxis say it’s bullish because it was decentralising the wealth lol.

I’m looking forward to being bullish again. Before year end I think.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 03, 2021, 05:32:14 AM
Worst liquidation I’ve seen so far happened just now.

Position size 9.3M.  MM saw him, sent price down, liquidated and sent price back up, all inside of 10mins lol.

You’d be spewing but shows just how much leverage is in the system when you can’t handle a 2%-4% swing and have 9.3M bones in the game.

Imagine going to feed the dog and you walk back in 9.3M lighter yet the price is the same as when you walked out.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on August 03, 2021, 06:17:02 AM
Quote from: OneMoreRep on August 03, 2021, 03:53:26 AM
I don't think you're wrong.

Some of the best technical analysis online suggests that we might still be heading towards an 85% drop very soon. The problem is that all the $BTC & $ETH maxis will play it up as if we're heading to the moon no matter what. No objectivity whatsoever from those shills. As a result, the information is muddled.

That said, if we do have a massive drop, I'm still going bargain shopping for a few select players ($BTC & $ETH included).

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on August 03, 2021, 08:24:33 AM
HEX looks strong again.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on August 03, 2021, 11:55:49 AM
(https://i.postimg.cc/hPS7BtyT/6krm23dmq5f71.webp)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on August 04, 2021, 12:46:30 AM
Quote from: Mayday on August 01, 2021, 12:29:26 AM
See this?

This is why we haven’t cracked 42k yet 👀

Closing longs = sell pressure.

These are market makers closing out positions into a retail FOMO buy wall. Closing of longs precedes a dump in price. Yes price can still go up in order to keep the buy wall alive.

There’s a lot more aswell but I’ll write too many words lol.

I’m in stablecoins right now.

Till BTC can decisively break 42k, there could still be a chance for a bigger correction.

In the 2017/18 bullrun, we saw a drop of 85% from the ATH’s going into the bear market and then waiting another 2-3 years with those funds basically locked up as a result.

Right now, having stablecoins gives me flexibility. If the bull market continues, I can buy in and benefit, if it drops massively or a big dip then I can then buy cheap.

However, some are saying 28-30k were the bottom, so we’ll see.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on August 05, 2021, 12:28:16 AM
Views on the current market pump?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 05, 2021, 01:34:45 AM
Quote from: Griffith on August 05, 2021, 12:28:16 AM
Views on the current market pump?

Onerep is looking to buy Chainlink.

Flex is long ETH.

I am short ETH and BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on August 05, 2021, 02:10:05 AM
Quote from: Mayday on August 05, 2021, 01:34:45 AM
Onerep is looking to buy Chainlink.

Flex is long ETH.

I am short ETH and BTC.

 :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 05, 2021, 02:36:56 AM
Quote from: Griffith on August 05, 2021, 02:10:05 AM
:D

I’m expecting a weekend pump and the 8th there will be a knock at the door…… hey it didn’t break 44k did it and I narrowed that range for you…..

It’s as simple as 3 more days. We either moon like lunatics or crash again.

We need to be redards here. Why? Because redards are skeptical, redards look for the simplest answer, redards win and we all turn around and wonder why redards are millionaires.

26k this month. Capitulation next month and then, as Redards, together we FOMO.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on August 05, 2021, 03:47:43 AM
Quote from: Mayday on August 05, 2021, 02:36:56 AM
I’m expecting a weekend pump and the 8th there will be a knock at the door…… hey it didn’t break 44k did it and I narrowed that range for you…..

It’s as simple as 3 more days. We either moon like lunatics or crash again.

We need to be redards here. Why? Because redards are skeptical, redards look for the simplest answer, redards win and we all turn around and wonder why redards are millionaires.

26k this month. Capitulation next month and then, as Redards, together we FOMO.

Capitulation to how low?

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 05, 2021, 04:41:46 AM
Quote from: OneMoreRep on August 05, 2021, 03:47:43 AM
Capitulation to how low?

"1"

Pick your poison for BTC:
21.5k
18k
14k
9.7k (wick)

What most don't see is those previous 30k bottoms were thanks to 25k short positions closing and providing buy pressure. We don't have those anymore so this time it boils down to legit new buyers.

This Autumn maybe end of September.  There is a trigger which i have discussed with Flex but i'll sound like a fkn nut it i talk about it here lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 05, 2021, 04:43:09 AM
Yes, Yes with each breath i feel my IQ getting lower and lower!

ETH short now closed.

BTC long opened because we will rally into the weekend for ultimate peak FOMO !!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on August 05, 2021, 05:15:20 AM
Interesting interview with SEC chair Garry Gensler. They are looking to clean up the stock market and then move on to crypto.


https://www.reddit.com/r/GMEKR/comments/oxus2k/cnbc_full_15_minute_interview_with_garry_gensler/


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on August 05, 2021, 07:49:42 AM
Quote from: OneMoreRep on August 05, 2021, 03:47:43 AM
Capitulation to how low?

"1"
Quote from: Mayday on August 05, 2021, 04:41:46 AM

This Autumn maybe end of September.  There is a trigger which i have discussed with Flex but i'll sound like a fkn nut it i talk about it here lol.

He thinks aliens are finally gonna reveal themselves and give as new tech that'll make the money system redundant
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on August 05, 2021, 08:52:11 AM
Quote from: Flexacon on August 05, 2021, 07:49:42 AM
He thinks aliens are finally gonna reveal themselves and give as new tech that'll make the money system redundant

 :o
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Howard on August 05, 2021, 12:24:02 PM
Quote from: Flexacon on August 05, 2021, 07:49:42 AM
He thinks aliens are finally gonna reveal themselves and give as new tech that'll make the money system redundant

LOL ...aliens making money obsolete  ;D

I'll confess that I know very little about the details on "crypto currency".

All I do know for sure is that I can't use Bitcoin to buy a car at a dealership, buy groceries at a store
or make a down payment on a house with a bank.

To me, the whole thing looks like some high tech scam and I avoid it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 06, 2021, 02:47:51 AM
Sunday…….

Libera te Tutemet ex inferis……
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on August 06, 2021, 03:56:18 AM
Quote from: Flexacon on August 05, 2021, 07:49:42 AM
He thinks aliens are finally gonna reveal themselves and give as new tech that'll make the money system redundant

No way. You're fucking with me.

Can't imagine him suggesting that. Moreover, he keeps pushing for September for things to drastically change, that would assume aliens come by next month.

Again, you're just fucking with me!

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on August 06, 2021, 06:18:47 AM
(https://i.redd.it/az1i392popf71.png)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on August 06, 2021, 03:08:03 PM
Quote from: FitnessFrenzy on August 06, 2021, 06:18:47 AM
(https://i.redd.it/az1i392popf71.png)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on August 06, 2021, 07:20:18 PM
Quote from: OneMoreRep on August 06, 2021, 03:56:18 AM
No way. You're fucking with me.

Can't imagine him suggesting that. Moreover, he keeps pushing for September for things to drastically change, that would assume aliens come by next month.

Again, you're just fucking with me!

"1"

He responded after my post, so you know...

Some bullish news for you on Chainlink

https://decrypt.co/77668/chainlink-is-building-a-billion-dollar-bridge-to-a-multi-chain-world
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on August 06, 2021, 07:40:26 PM
Quote from: Flexacon on August 06, 2021, 07:20:18 PM
He responded after my post, so you know...

Some bullish news for you on Chainlink

https://decrypt.co/77668/chainlink-is-building-a-billion-dollar-bridge-to-a-multi-chain-world

I think Chainlink shows a lot of promise.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on August 07, 2021, 03:05:00 AM
Eth pumping hard and hitting my 3k target.  Sell order in place in case it crashes, otherwise mid/high 3K on the cards.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on August 07, 2021, 07:26:34 AM
Good to see all these coins going higher. I think that will also be good for my stock investments (a risk on mode)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on August 07, 2021, 07:45:07 AM
Quote from: Theoak* on August 06, 2021, 03:08:03 PM



great stuff  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on August 07, 2021, 01:31:31 PM
The sooner Ethereum can decouple from Bitcoin, the better.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on August 07, 2021, 02:14:09 PM
Quote from: Griffith on August 07, 2021, 01:31:31 PM
The sooner Ethereum can decouple from Bitcoin, the better.

The flippening needs to happen first and then there a good chance of decoupling. Both look a long way away though.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 07, 2021, 06:37:11 PM
I am the exact opposite of the retail market sentiment right now.

US senate after day 2 have no agreement to pass the intrastructure/crypto bill. They will try again tomorrow. The retail market gives no shits that this is even a thing, will rally until decision.

Where we are right now is the closest point where bull market and bear market meets. This is the decision point I have been waiting for since I exited.

What you are not seeing in price action is Whales dumping on retail and draining their energy. This is margin. They are also hitting retail with spot.

Notice how above 44k the dumping became more aggressive and where are we now?

44k Funny that…… 😏
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on August 08, 2021, 06:41:17 AM
Quote from: Mayday on August 07, 2021, 06:37:11 PM
I am the exact opposite of the retail market sentiment right now.

US senate after day 2 have no agreement to pass the intrastructure/crypto bill. They will try again tomorrow. The retail market gives no shits that this is even a thing, will rally until decision.

Where we are right now is the closest point where bull market and bear market meets. This is the decision point I have been waiting for since I exited.

What you are not seeing in price action is Whales dumping on retail and draining their energy. This is margin. They are also hitting retail with spot.

Notice how above 44k the dumping became more aggressive and where are we now?

44k Funny that…… 😏

2 of the 3 last big moves had "cover stories". Elon/Tesla going cold on BTC made it tank and Amazon "accepting" crypto made a pump. Can't remember if there was something similar for the other crypto dump.

The bill being discussed today would fit perfectly for a massive dump. I'll be on 4chan waiting for the "insider"  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on August 08, 2021, 04:49:03 PM
Gold and Silver just puked hard. Crypto and stocks next? I'm out with my 40% ETH gains.

Good luck with your play Mayday.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on August 08, 2021, 05:13:14 PM
Should I sell and take profits on my ETH?  Looks like we are coming up on make or break time for BTC and ETH.

I've been hoping the BTC price would really shit the bed and I could buy some more but thus far it hasn't happened.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 08, 2021, 06:32:58 PM
Quote from: Flexacon on August 08, 2021, 04:49:03 PM
Gold and Silver just puked hard. Crypto and stocks next? I'm out with my 40% ETH gains.

Good luck with your play Mayday.

Good work mate, you made a good gain there on ETH. Congrats.

I'm sticking with my crypto call and i have been short BTC from just under 45k @ 10x so i'm sitting pretty comfortably right now lol. I came pretty close with a 44k price call for the top.

US senate delayed but is going to pass the original bill. Sorry boys, crypto is gunna get rug pulled.


My September call not sounding so batshit crazy now huh....... aliens lol  ;)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on August 09, 2021, 04:52:29 AM
$ 45,687.00
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 09, 2021, 05:35:25 AM
Quote from: FitnessFrenzy on August 09, 2021, 04:52:29 AM
$ 45,687.00

And dumping steps up a notch……

Issa ok, MM will protect my short, they’ll just keep dumping.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on August 09, 2021, 06:26:10 AM
Quote from: Mayday on August 09, 2021, 05:35:25 AM
And dumping steps up a notch……

Issa ok, MM will protect my short, they’ll just keep dumping.

Well, I'm starting to think that guys like Richard Heart and you might be correct about the incoming dump.

With congress going towards aggressive taxation of all things crypto and given BTC's historical dump every few years, I wouldn't be surprised if $BTC does indeed go down to about $10K.

Question is, what's the best option? Buy into a stablecoin like Tether, weather the storm until the lowest of lows hit and then buy back into your favorite coins for double the volume (given the low prices)? Or will stablecoins as well take a hit if all things crypto do in fact get taxed?

Questions, questions....

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on August 09, 2021, 11:33:11 AM
.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on August 09, 2021, 01:54:56 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on August 09, 2021, 05:18:45 PM
Change to crypto tax rules rejected. Nice pump incoming. Not getting involved as this looks like a set up for 40% plus dump.

https://www.bloomberg.com/news/articles/2021-08-09/change-to-crypto-provision-in-infrastructure-bill-blocked
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on August 09, 2021, 05:22:58 PM
Quote from: Flexacon on August 09, 2021, 05:18:45 PM
Change to crypto tax rules rejected. Nice pump incoming. Not getting involved as this looks like a set up for 40% plus dump.

https://www.bloomberg.com/news/articles/2021-08-09/change-to-crypto-provision-in-infrastructure-bill-blocked

Was seen like a major loss to the crypto ecosystem. Why do you see a nice pump coming? Isn't this going to hurt miners and the such? Granted, it's not going to take effect until 2023, but still. Why the idea of a pump?

Are you taking the angle that it's bad for retail traders and the average person on the ground, miners included, but great for institutions?

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on August 09, 2021, 06:04:40 PM
Quote from: OneMoreRep on August 09, 2021, 05:22:58 PM
Was seen like a major loss to the crypto ecosystem. Why do you see a nice pump coming? Isn't this going to hurt miners and the such? Granted, it's not going to take effect until 2023, but still. Why the idea of a pump?

Are you taking the angle that it's bad for retail traders and the average person on the ground, miners included, but great for institutions?

"1"

The move was blocked, so bullish for buyers. Even with it passed at this level (senate) it wouldn't have been implemented for several years and would still have needed approval from the next level up. That level is generally more crypto friendly, so this bill was very unlikely to pass.

This all felt like FUD, but now it creates bullish sentiment and retail fomo. I'm expecting them to get nuked soon, but not counting out another ATH post nuking. It all depends on wall st not burning down in the next few months..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on August 09, 2021, 06:09:38 PM
Quote from: Flexacon on August 09, 2021, 06:04:40 PM
The move was blocked, so bullish. Even if it had passed at this level (senate) it wouldn't have been implemented for several years and would still have needed approval from the next level up. That level is generally more crypto friendly, so this bill was very unlikely to pass.

This all felt like FUD, but now it creates bullish sentiment and retail fomo. I'm expecting them to get nuked soon, but not counting out another ATH post nuking. It all depends on wall st not burning down in the next few months..

It was?

Wait, this thing has evolved so many times over the last 1-2 days that it's been hard to follow. Didn't Shelby put the kibosh on the amendments that would have been crypto-tax friendly, because he wasn't able to get pork barrel spending as his handlers had wanted (Defense spending and Wall Street incentives)?

Did all of this change over the last hour?

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on August 09, 2021, 06:34:25 PM
Quote from: OneMoreRep on August 09, 2021, 06:09:38 PM
It was?

Wait, this thing has evolved so many times over the last 1-2 days that it's been hard to follow. Didn't Shelby put the kibosh on the amendments that would have been crypto-tax friendly, because he wasn't able to get pork barrel spending as his handlers had wanted (Defense spending and Wall Street incentives)?

Did all of this change over the last hour?

"1"

I'm definitely not doing a great job explaining this. My apologies, it's 2.30am here

The bill would only affect the US, and now it's been blocked retail will see it's changed nothing, prices still stable or going up so fomo will continue. (crypto/btc survives another FUD, it's bulletproof type buy sentiment)
 
Also this bill is still up for debate, but at the top level it's more crypto friendly so is unlikely to see it be put into action in 2023. This is why I say this feels like planned FUD campaign. It feels like it's more for newspaper headlines or someone using it for some kinda leverage for their own ambitions.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on August 09, 2021, 06:47:49 PM
Quote from: Flexacon on August 09, 2021, 06:34:25 PM
I'm definitely not doing a great job explaining this. My apologies, it's 2.30am here

The bill would only effect the US, and now it's been blocked retail will see it's changed nothing, prices still stable or going up so fomo will continue. (crypto/btc survives another FUD, it's bulletproof type buy sentiment)
 
Also this bill is still up for debate, but at the top level it's more crypto friendly so is unlikely to see it be put into action in 2023. This is why I say this feels like planned FUD campaign. It feels like it's more for newspaper headlines or someone using it for some kinda leverage for their own ambitions.

HOD'Ling for dear life continues!

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on August 09, 2021, 06:56:41 PM
Quote from: OneMoreRep on August 09, 2021, 06:47:49 PM
HOD'Ling for dear life continues!

"1"

I hope you're not saying I'm making an excuse to hodl   :D

Have you read my posts in the last few monthd on here?  ;D (I actually sold ETH yesterday because gold and silver dumped and my main concern is not to get bag holding in a global market crash)

I told Mayday this bill will play out in a retarded way and those that don't fold (hodled) through this would win this round. Tell me I was wrong?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on August 09, 2021, 07:09:29 PM
Quote from: Flexacon on August 09, 2021, 06:56:41 PM
I hope you're not saying I'm making an excuse to hodl   :D

Have you read my posts in the last few monthd on here?  ;D (I actually sold ETH yesterday because gold and silver dumped and my main concern is not to get bag holding in a global market crash)

I told Mayday this bill will play out in a retarded way and those that don't fold (hodled) through this would win this round. Tell me I was wrong?

No. Didn't think you were making an excuse. The hod'ling is my strategy.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on August 09, 2021, 08:37:42 PM
Quote from: OneMoreRep on August 09, 2021, 07:09:29 PM
No. Didn't think you were making an excuse. The hod'ling is my strategy.

"1"

Staking will supercharge your hodling strategy. I hope your policy makers will see sense and not deny you this.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 10, 2021, 02:36:15 AM
I said I’d tell you when I’d flip……

BULL!

Rise from the filthy dirt you degenerate piece of shit coins. Let’s us rush forward under the cover of broad daylight!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on August 10, 2021, 03:56:22 AM
Quote from: Mayday on August 10, 2021, 02:36:15 AM
I said I’d tell you when I’d flip……

BULL!

Rise from the filthy dirt you degenerate piece of shit coins. Let’s us rush forward under the cover of broad daylight!

I've gone bear   :D (you were right, just early)

I think we'll see a short period of retail fomo and then they'll send the price back down (mid to low 30s for Btc)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 10, 2021, 05:32:10 AM
Quote from: Flexacon on August 10, 2021, 03:56:22 AM
I've gone bear   :D (you were right, just early)

I think we'll see a short period of retail fomo and then they'll send the price back down (mid to low 30s for Btc)

There is weird things now though. Equal to Feb closing of longs and price is rallying. Very strange.

Recall my scenario a while back about September peak? What if? It only takes 6 weeks to happen.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on August 10, 2021, 06:09:53 AM
It will dip, I dont see it hitting below 39k. If so, wont stay there long. Leverage will be far less than previous ATH and they will get rekt again. I see selling pressure around 49-51k. Either way, I keep buying weekly.
6 figures EOY/early 2022.  Wont see a 80% retracement ever again from ATH. My prediction anyway.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 10, 2021, 06:39:14 AM
Quote from: Theoak* on August 10, 2021, 06:09:53 AM
It will dip, I dont see it hitting below 39k. If so, wont stay there long. Leverage will be far less than previous ATH and they will get rekt again. I see selling pressure around 49-51k. Either way, I keep buying weekly.
6 figures EOY/early 2022.  Wont see a 80% retracement ever again from ATH. My prediction anyway.

The longs closing is a signal of strength if price doesn’t drop accordingly. We’re at equal Feb closures with no crash so gotta pay attention to it. Last time that happened was Nov-Arecibo 2020 and we rallied damn hard for 6 weeks.

Strong buy signal attached. Surprised me a lot to see it pop up so I’ll respect it. I was full bear until this appeared on top of margin longs closing with price rising.

We’ll know more in a week. I think I said 26th September or something in my original scenario so for sure that peaks my interest. 6 weeks is all we need for some crazy fuck off rally so it’s plausible.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on August 10, 2021, 07:08:16 AM
Quote from: Mayday on August 10, 2021, 05:32:10 AM
There is weird things now though. Equal to Feb closing of longs and price is rallying. Very strange.

Recall my scenario a while back about September peak? What if? It only takes 6 weeks to happen.

Crypto market cap would probably need to double for a 100k BTC. 2 trillion to enter the market in 6 weeks? Zero chance. 1 trillion, Very unlikely.

Quote from: Theoak* on August 10, 2021, 06:09:53 AM
Wont see a 80% retracement ever again from ATH. My prediction anyway.

Wall street crashing will send it pretty close
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 11, 2021, 02:39:21 AM
Quote from: Flexacon on August 10, 2021, 07:08:16 AM
Crypto market cap would probably need to double for a 100k BTC. 2 trillion to enter the market in 6 weeks? Zero chance. 1 trillion, Very unlikely.

Wall street crashing will send it pretty close

It isn't trillion of cash that enters the market to float the price because the mkt cap is a shitty calculation of the last highest price someone paid then applying that to every person who purchased before them.

The derivatives are 14x the size of spot which tells you the kind of leverage getting involved and why the price goes bananas. You are across this yourself as you gave me info on the hedge funds.

Lets pretend for a moment that it's going to go bananas and what it would look like. I think i can create a scenario that satisfies both the universe but also the skeptics and most likely disappoints the bulls (which is what we need in order for it to be real world).

I suggested the 'peak' of April was a parabolic run cut in half. Supporting data is on chain whales selling very hard into the FOMO buy wall from March onwards. I suggest a peak of 130k is probably what it should have been because the universe likes multiples.

I can validate 130k by looking at market pullbacks after parabolic peaks. The average is 75% which would give a bottom around 32k. We had 64.5k and a bottom of 28k which puts us at 56% or so. The gap between the 2 is almost half of the 56% which also marries back to the 130k number.

Then look at seasonality. I went through the main peaks and we can liken our current model to 2013 the most. 2013 spiked in Feb-Mar-Apr whereas this year we mostly did Mar-Apr-May but one could suggest the delay was because of the parabolic move being cut in half it extended the timeframe.

We are moving very quickly. Explosive up and explosive down, we can assume explosive recovery also so even if we are a month later in peak to 2013 we could peak earlier or the same due to current speed.

When it comes to price targets we can assume history repeats meaning all future price targets are halved for this year and most likely more brutally halved onwards as people learn more and front run. If we use a target of 220k and apply the same 50% reduction is provides us a target of 110k target if things were to rally at year end.

The assumption is Nov-Dec peak of 110k which marries up with a chopped down parabolic run and seasonality.
FWIW i am 50k in shitbag positions. Mostly Doge lol.

I have not yet entered my main holdings. We are at critical levels atm that we need to go above in order to validate we are back in a bull market.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on August 11, 2021, 04:43:55 AM
Quote from: Mayday on August 11, 2021, 02:39:21 AM
It isn't trillion of cash that enters the market to float the price because the mkt cap is a shitty calculation of the last highest price someone paid then applying that to every person who purchased before them.

The derivatives are 14x the size of spot which tells you the kind of leverage getting involved and why the price goes bananas. You are across this yourself as you gave me info on the hedge funds.

The assumption is Nov-Dec peak of 110k which marries up with a chopped down parabolic run and seasonality.
FWIW i am 50k in shitbag positions. Mostly Doge lol.



Yes my view has been that hedgefunds that were responsible for bull market to 64k. The updated SEC regulations in May put a stop to that and I questioned if the leverage game was dead. Since then Binance has watered down their offerings, people pay less attention to bitboy and the site and leverage angle he'd promote (bybit?) Plus hedgefunds still have their hands tied. What takes the market cap up to 3 or 4 trillion now?

This current pump feels like a retail fomo. Bots are going crazy on social trying to induce/maintain fomo and Coinbase and Robinhood make it much easier to buy now. If it is mostly retail then doge isn't a bad position, but I don't see things launching just on the back of retail.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on August 11, 2021, 04:49:37 AM
Quote from: Flexacon on August 11, 2021, 04:43:55 AM
people pay less attention to bitboy and the site and leverage angle he'd promote (bybit?)

On that note, that guy is starting to seem much like a shill. He shills the fuck out of his personal coins and always has a "source" he gets information from regarding new activities. I think half the time he tries to generate low-scale pump and dumps with his info leaks in order for him to make a quick buck. I think just the other day he made a short youtube video stating that one of his "sources" on the inside of Amazon had suggested that Algorand and some other coin were the two coins that YouTube would utilize for cryptocurrency purposes. He then even stated that he had dropped over $200K into these coins in light of this information being practically verified as true by his source. Then, 2 days later, Amazon states those are all rumors and that they have no intention to get into crypto at this point.

He didn't backpedal or go back on YouTube to say "Hey guys, I was full of shit". Instead, I assume he benefitted from his million followers to get a quick rise in pricing for both coins, took his profits and then sold. Smells scumbag'ish, but I could be very wrong.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on August 11, 2021, 04:55:29 AM
Quote from: OneMoreRep on August 11, 2021, 04:49:37 AM
On that note, that guy is starting to seem much like a shill. He shills the fuck out of his personal coins and always has a "source" he gets information from regarding new activities. I think half the time he tries to generate low-scale pump and dumps with his info leaks in order for him to make a quick buck. I think just the other day he made a short youtube video stating that one of his "sources" on the inside of Amazon had suggested that Algorand and some other coin were the two coins that YouTube would utilize for cryptocurrency purposes. He then even stated that he had dropped over $200K into these coins in light of this information being practically verified as true by his source. Then, 2 days later, Amazon states those are all rumors and that they have no intention to get into crypto at this point.

He didn't backpedal or go back on YouTube to say "Hey guys, I was full of shit". Instead, I assume he benefitted from his million followers to get a quick rise in pricing for both coins, took his profits and then sold. Smells scumbag'ish, but I could be very wrong.

"1"

He is definitely a shill and out for himself. He gives it away pretty regularly with his body language that he's a lying fat piece of shit. He does however manage to get some decent guests and discussions going on his shows.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 11, 2021, 05:47:32 AM
Quote from: Flexacon on August 11, 2021, 04:43:55 AM
What takes the market cap up to 3 or 4 trillion now?

This current pump feels like a retail fomo. Bots are going crazy on social trying to induce/maintain fomo and Coinbase and Robinhood make it much easier to buy now. If it is mostly retail then doge isn't a bad position, but I don't see things launching just on the back of retail.

The end leg is always retail because they cause the high leverage FOMO run and MM dump onto them to HoDL on the way down. So it makes sense for it to be retail and right now on chain says it's all retail which was the same pattern earlier in the year.

Like any growing market there ends up being more players entering the game and existing ones who sold and made money shove it straight back into the market to play the same game again. When you combine that with a shorter timeline for a second pump you can begin to understand why it can pump so hard.

eg i entered back at 11k and i had 12 months or so until i sold. Compare this to right now, if i enter i might have 2-3 months until i need to sell. Combine that with everybody else who is waiting for confirmation and suddenly you can get 1-2 months of everybody entering at the same vs 12 months previously. That's why 2013 second pump was so explosive in price action.

 
In 2013 from the bottom after 22 days the price had jumped 55%
In 2021 from the bottom after 22 days the price has jumped 58%

If this runs true, we are running approx 2 weeks ahead of 2013 at the moment in terms of a bottom and bounce on calendar year. The exact same thing happened earlier in the year, we were running ahead by a month and then came the chopping of the parabola which extended us out into proper seasonality territory. So we can spike early but still finish during seasonality with a longer top vs parabola.

In about 10 days time we enter the rally phase of the month. I expect a pullback towards 42k and if it holds it's fair to expect a solid move up.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on August 11, 2021, 07:06:05 AM
Washington CNN Business — 
Hackers have stolen some $600 million in cryptocurrency from the decentralized finance platform Poly Network, in what it says is the largest theft in the industry’s history.

A vulnerability in Poly Network allowed the thief to make off with the funds, the platform said Tuesday, begging the attacker to return the money.

“The amount of money you hacked is the biggest one in the defi history,” Poly Network wrote in a letter to the attacker it posted to Twitter. “The money you stole are from tens of thousands of crypto community members… you should talk to us to work out a solution.”

Poly Network urged other members of the cryptocurrency ecosystem to “blacklist” the assets coming from addresses used by the attacker to siphon away the funds — which included a mix of various coins including $33 million of Tether, according to Tether’s CTO. The cryptocurrency exchange Binance said it was “coordinating with all our security partners to actively help.” Poly Network links together the blockchains of multiple virtual currencies to create interoperability among them.

Following the hack, Poly Network established several addresses to which it said the attacker could return the money. And it appears the hacker is cooperating: As of 7:47 a.m. ET Wednesday, Poly Network said, it had received about $4.7 million back. It was not immediately clear who was behind the hack or why the money is being returned.

Regulators have increased their scrutiny of crypto platforms as investors pour billions of dollars into digital currencies. Senator Elizabeth Warren recently asked SEC Chair Gary Gensler to investigate the SEC’s ability to oversee trading on crypto platforms.

In response, last week, Gensler said: “Right now, I believe investors using these platforms are not adequately protected.”
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on August 11, 2021, 01:15:54 PM
Quote from: Flexacon on August 10, 2021, 07:08:16 AM
Crypto market cap would probably need to double for a 100k BTC. 2 trillion to enter the market in 6 weeks? Zero chance. 1 trillion, Very unlikely.

Wall street crashing will send it pretty close

I dont  see a crash incoming. Dip, yes. Crash, no.  Even with an unlikely crash, a haircut of about 50-60% Max.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 11, 2021, 03:42:26 PM
The ‘hack’ seems very skeptical to me given the day the US. I’ll is passed 600M suddenly is hacked and the message to the thieves is ‘we can track you and have shut off your on/off ramps’, give the money back and we’ll say no more…..

Apparently the stolen crypto has started to be returned. Suddenly it’s a positive message of being able to find stolen money. Yay!

You have to admit, it sounds pretty convenient time wise.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on August 12, 2021, 01:35:09 AM
Quote from: Mayday on August 11, 2021, 03:42:26 PM
The ‘hack’ seems very skeptical to me given the day the US. I’ll is passed 600M suddenly is hacked and the message to the thieves is ‘we can track you and have shut off your on/off ramps’, give the money back and we’ll say no more…..

Apparently the stolen crypto has started to be returned. Suddenly it’s a positive message of being able to find stolen money. Yay!

You have to admit, it sounds pretty convenient time wise.

You mean like this?

Quote from: Flexacon on August 09, 2021, 06:34:25 PM
(crypto/btc survives another FUD, it's bulletproof type buy sentiment)

Your more along the lines of something to do with politics and regulation?

Will look at your other post in detail over the weekend. Sunday looks like a possible dip day to me.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on August 12, 2021, 03:34:32 AM
Quote from: Theoak* on August 11, 2021, 01:15:54 PM
I dont  see a crash incoming. Dip, yes. Crash, no.  Even with an unlikely crash, a haircut of about 50-60% Max.

Peaks are forming on several "bubble" indicators.

(https://preview.redd.it/7qt2of2jtrg71.png?width=960&crop=smart&auto=webp&s=1b8e28554c1f0d92bb36160f617c06e5412aed4c)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 12, 2021, 04:45:04 AM
Quote from: Flexacon on August 12, 2021, 03:34:32 AM
Peaks are forming on several "bubble" indicators.

It’s a scary proposition thinking there will be a market pullback. Feb this year was a traditional pullback, many called for a correction but it didn’t happen. Then it was April, didn’t happen, then June, didn’t happen, now it’s Autumn……

I think my scenario has merit, Dems pushing for lockdowns and restrictions to force the senate to approve stimmy money. Ie Break it then fix it.

BTC needs to hold 44.6k as this is the 200D MA. This is like the market autumn scenario. You get close, people calling for 36k pullback but we are holding 44.6k. It could go either way but if it doesn’t crash then it rips in the other direction.

This is the open interest on BTC in the daily. In about 2 days it will be at the bottom and we come into buy signal territory. The weekly already fired a buy but this daily will mean it’s about to fire a buy above the 200D MA and that’s very significant.

Big players have been hitting BTC pretty hard today but it’s still holding up way better than I would have expected. BTC looks very strong. If it can hold out a few more days…..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on August 12, 2021, 07:48:13 AM
Quote from: Flexacon on August 12, 2021, 03:34:32 AM
Peaks are forming on several "bubble" indicators.

(https://preview.redd.it/7qt2of2jtrg71.png?width=960&crop=smart&auto=webp&s=1b8e28554c1f0d92bb36160f617c06e5412aed4c)

but we never had interest rates and bond yields this low. Is it a bubble? Yes.. Can it go much higher before it possibly implodes? Yes
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 12, 2021, 11:33:56 PM
Quote from: FitnessFrenzy on August 12, 2021, 07:48:13 AM
but we never had interest rates and bond yields this low. Is it a bubble? Yes.. Can it go much higher before it possibly implodes? Yes

Implosion will be years away. Longer than people realise.

We are yet to have proper product shortages which is the next step in the grand scheme. I'm talking where our low cost bulky goods begin to vanish and people are waiting months instead of days. That will drive prices higher because volume vanishes and margins cannot be sustained any longer so they go up.

When that begins to take effect it means production decreases which is deflationary on employment and wages. Yet at the same time we see rocketing consumer prices not due to inflation per say but due to a drop in volume.

This is the deflationary spiral central banks are trying to avoid and why the Fed refuses to stop pumping in money.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 13, 2021, 03:34:20 AM
See the BTC short squeeze mayhem last night?

Want to see something spooky?

MM have flipped and started opening longs which caused that short squeeze and price now above 46k.

Each time MM went long market surged.

We will still have a short snap pullback of some kind so I’m looking at a 42k entry point.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on August 13, 2021, 03:52:48 AM
All the dead crypto pages on various forums have suddenly sprung back to life. Shitcoins are popping.

I bought some Ethereum Classic which I still think is useless, but for some reason banks have decided to offer it to their customers.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on August 13, 2021, 04:12:16 AM
Cardano is rocketing up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on August 13, 2021, 04:56:28 AM
have only 20 000 ADA. hope they will go to 50$
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 13, 2021, 03:39:55 PM
The candle of sendsville…… MM trying to ignite a second massive rally. Every time it ‘should’ have a pullback they send it up and squeeze the shorts.

Bull Targets —> Midpoint 50.6k, prev high band 90k, ceiling 120k.

To my eyes on logarithmic curves it looks almost the same as 2013 now and not like 2017 at all.

If it played out like 2013 we would look at August midpoint (50.6) Sept-Oct pullback (38-42). Oct+Nov explosive up (120).

I have BTC and shitbags. I’m going to hold for now and buy dips in Sept-Oct.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on August 13, 2021, 08:56:43 PM
Quote from: Mayday on August 13, 2021, 03:39:55 PM
The candle of sendsville…… MM trying to ignite a second massive rally. Every time it ‘should’ have a pullback they send it up and squeeze the shorts.

Bull Targets —> Midpoint 50.6k, prev high band 90k, ceiling 120k.

To my eyes on logarithmic curves it looks almost the same as 2013 now and not like 2017 at all.

If it played out like 2013 we would look at August midpoint (50.6) Sept-Oct pullback (38-42). Oct+Nov explosive up (120).

I have BTC and shitbags. I’m going to hold for now and buy dips in Sept-Oct.

No Eth?  Funny, Ive been stacking Eth for months now on celsius due to earning yield in-kind as there is no option for earning in btc. Ill convert all of my yield earning from Eth to btc just before eth 2.0 is released and all that eth is released from stacking.  I see that happening around march, so a pro longed  bull cycle this  time round. Perhaps 9k Eth (conservative). 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on August 13, 2021, 08:58:14 PM
Any one buy BTC at 29-31k?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on August 13, 2021, 09:18:03 PM
Quote from: Mayday on August 13, 2021, 03:39:55 PM
Sept-Oct pullback (38-42). Oct+Nov explosive up (120).

I’m going to hold for now and buy dips in Sept-Oct.

This would be the closet we've come to agreeing on something. It's definitely not gonna happen now  :D

Quote from: Theoak* on August 13, 2021, 08:56:43 PM
No Eth?  Funny, Ive been stacking Eth for months now on celsius due to earning yield in-kind as there is no option for earning in btc. Ill convert all of my yield earning from Eth to btc just before eth 2.0 is released and all that eth is released from stacking.  I see that happening around march, so a pro longed  bull cycle this  time round. Perhaps 9k Eth (conservative).

There was some news about how more miners were betting against proof of stake as they believed eth 2.0 would be delayed again.

https://markets.businessinsider.com/news/stocks/why-ethereum-miners-are-making-a-million-dollar-bet-against-proof-of-stake-1030729703
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on August 14, 2021, 12:56:29 AM
Dot hasn't done much in this pump. Stiill a good price right now for some easy gains.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on August 14, 2021, 02:59:22 AM
Quote from: Flexacon on August 13, 2021, 09:18:03 PM
This would be the closet we've come to agreeing on something. It's definitely not gonna happen now  :D

There was some news about how more miners were betting against proof of stake as they believed eth 2.0 would be delayed again.

https://markets.businessinsider.com/news/stocks/why-ethereum-miners-are-making-a-million-dollar-bet-against-proof-of-stake-1030729703

Are they making the bet or buying as many miners to scoop up as much eth as they can and dump it before PoS comes into effect?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on August 14, 2021, 04:31:08 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on August 14, 2021, 04:32:30 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on August 14, 2021, 06:30:39 AM
Quote from: Theoak* on August 14, 2021, 02:59:22 AM
Are they making the bet or buying as many miners to scoop up as much eth as they can and dump it before PoS comes into effect?

Probably booth. Eth 2.0 will likely be delayed again, but months rather than years.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on August 14, 2021, 02:18:34 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on August 15, 2021, 10:08:22 AM
You just saw the peak. That's it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on August 15, 2021, 10:14:12 AM
Quote from: Bindare_Dundat on August 15, 2021, 10:08:22 AM
You just saw the peak. That's it.

Welcome back!

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 16, 2021, 02:43:34 AM
Big money still closing longs.

Down 13.5k now which is the largest exit this year by 20%.

2nd chart gives some perspective. When it turns red you’re gunna have a bad time.

December rally was 23 days of green.
February rally was 25 days of green.
We are currently at 26 days of green.
The longest prior to this was the Oct-Nov rally of 36 days of green.

However margin interest was miles lower back then and interest was rising until 1 day it stopped whereas right now we have a downward trend of lower daily interest meaning retail is being exhausted again.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on August 17, 2021, 01:31:24 PM
Told you guys, hope you sold. That was the dead cat bounce. Back to mid 20s. Watch
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on August 17, 2021, 01:32:32 PM
Quote from: OneMoreRep on August 15, 2021, 10:14:12 AM
Welcome back!

"1"


Hope you're doing well.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on August 17, 2021, 01:39:15 PM
Quote from: Griffith on August 04, 2021, 12:46:30 AM
I’m in stablecoins right now.

Till BTC can decisively break 42k, there could still be a chance for a bigger correction.

In the 2017/18 bullrun, we saw a drop of 85% from the ATH’s going into the bear market and then waiting another 2-3 years with those funds basically locked up as a result.

Right now, having stablecoins gives me flexibility. If the bull market continues, I can buy in and benefit, if it drops massively or a big dip then I can then buy cheap.

However, some are saying 28-30k were the bottom, so we’ll see.

Good call
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on August 17, 2021, 01:52:03 PM
Quote from: Bindare_Dundat on August 17, 2021, 01:31:24 PM
Told you guys, hope you sold. That was the dead cat bounce. Back to mid 20s. Watch

I'm actually siding with Richard Heart on BTC's likely fate. He predicts an 80-85% dump that will price $BTC around $7,000-$8,000.

If that happens, it will as usual create that blackhole that will pull all other altcoins with it and if it does, $ETH can then see pricing of about $600-$800. If that happens, I am going in hard on $ETH and likely will buy a full $BTC coin. Other Altcoins will get love, but $BTC & $ETH will get 80% of fund allocation.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on August 17, 2021, 04:04:13 PM
i dont think we will see things get that bad but we are going revisit the mid 20s in my humble opinion.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on August 18, 2021, 05:23:08 AM
(https://i.postimg.cc/6Qv7qcfc/Image2.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on August 18, 2021, 07:35:23 AM
Quote from: OneMoreRep on August 17, 2021, 01:52:03 PM
I'm actually siding with Richard Heart on BTC's likely fate. He predicts an 80-85% dump that will price $BTC around $7,000-$8,000.

If that happens, it will as usual create that blackhole that will pull all other altcoins with it and if it does, $ETH can then see pricing of about $600-$800. If that happens, I am going in hard on $ETH and likely will buy a full $BTC coin. Other Altcoins will get love, but $BTC & $ETH will get 80% of fund allocation.

"1"

If BTC falls to $7-8K it will bottom out completely and crash cease to exist.  At that point it won't stop on the way down if it heads that low.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on August 18, 2021, 07:57:36 AM
Quote from: El Diablo Blanco on August 18, 2021, 07:35:23 AM
If BTC falls to $7-8K it will bottom out completely and crash cease to exist.  At that point it won't stop on the way down if it heads that low.

Why? What makes you think it will bottom out and cease to exist? This exact scenario (and even worse) has happened many times before. What makes this any different than the prior times?

It's had worse crashes in the past and fully recovered to even greater heights. Real quick from an article online:

June 2011: -99%
In 2011, Bitcoin hit the big time when it soared from $2 to more than $32, achieving parity with an ounce of silver. Then the bottom fell out. On June 19, Mt. Gox — the largest Bitcoin exchange in the world by far — admitted that criminals had hacked hundreds of accounts and stole millions of dollars worth of Bitcoins. In a single day, the value of a Bitcoin fell to one penny.

April 2013: -83%
In April 2013, Bitcoin became a victim of its own success as investors piled on to the exciting new opportunity that was buzzing in the mainstream media. Trading was so intense that Mt. Gox couldn’t handle the volume, and when it crashed, hackers attacked the vulnerability. It forced Mt. Gox into an unprecedented total shutdown, sending prices from nearly $260 to $50.

December 2017-December 2018: -84%
2017 was a landmark year for Bitcoin, which broke all its own records and peaked near $20,000. Then, on Dec. 27, it all came crashing down as investors harvested gains from what was an obvious bubble and sent the price cratering below $12,000. The cryptocurrency would remain in the doldrums throughout 2018, as major hacks in Korea and Japan — as well as rumors that those countries were planning to ban Bitcoin — sent already skittish investors looking for the exits.

The way I see it, this is the inherent volatility that comes with investing in an asset such as Bitcoin. It's incredibly risky (I still only recommend allocating no more than 10% of your total investment portfolio into cryptos), but also brings the best rewards to those that can weather the storms.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on August 18, 2021, 08:00:24 AM
Can it go that low?  Won't buyers gobble it up in the 20s and drive it right back up?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on August 18, 2021, 09:02:47 AM
Quote from: Grape Ape on August 18, 2021, 08:00:24 AM
Can it go that low?  Won't buyers gobble it up in the 20s and drive it right back up?

Black swan event would send it under 10K
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on August 18, 2021, 11:44:05 AM
Quote from: OneMoreRep on August 18, 2021, 07:57:36 AM
Why? What makes you think it will bottom out and cease to exist? This exact scenario (and even worse) has happened many times before. What makes this any different than the prior times?

It's had worse crashes in the past and fully recovered to even greater heights. Real quick from an article online:

June 2011: -99%
In 2011, Bitcoin hit the big time when it soared from $2 to more than $32, achieving parity with an ounce of silver. Then the bottom fell out. On June 19, Mt. Gox — the largest Bitcoin exchange in the world by far — admitted that criminals had hacked hundreds of accounts and stole millions of dollars worth of Bitcoins. In a single day, the value of a Bitcoin fell to one penny.

April 2013: -83%
In April 2013, Bitcoin became a victim of its own success as investors piled on to the exciting new opportunity that was buzzing in the mainstream media. Trading was so intense that Mt. Gox couldn’t handle the volume, and when it crashed, hackers attacked the vulnerability. It forced Mt. Gox into an unprecedented total shutdown, sending prices from nearly $260 to $50.

December 2017-December 2018: -84%
2017 was a landmark year for Bitcoin, which broke all its own records and peaked near $20,000. Then, on Dec. 27, it all came crashing down as investors harvested gains from what was an obvious bubble and sent the price cratering below $12,000. The cryptocurrency would remain in the doldrums throughout 2018, as major hacks in Korea and Japan — as well as rumors that those countries were planning to ban Bitcoin — sent already skittish investors looking for the exits.

The way I see it, this is the inherent volatility that comes with investing in an asset such as Bitcoin. It's incredibly risky (I still only recommend allocating no more than 10% of your total investment portfolio into cryptos), but also brings the best rewards to those that can weather the storms.

"1"

Because going down as low as $8K from the mid $40s would mean a massive panic and full on dump of BTC, at that point it would just purely crash down to nothing.  There would have to be some serious shit going on to bring it down that low.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on August 18, 2021, 11:57:56 AM
Quote from: El Diablo Blanco on August 18, 2021, 11:44:05 AM
Because going down as low as $8K from the mid $40s would mean a massive panic and full on dump of BTC, at that point it would just purely crash down to nothing.  There would have to be some serious shit going on to bring it down that low.

So then how do you explain its viability following the massive drops that its had in the past? I ask because I am genuinely curious and don't know if I am missing something here.

I am starting to see that Bitcoin and the entire crypto ecosystem has seasons (Winters and whatnot) and given enough time (3-4 years in between) these patters repeat themselves. Technical analysis shows the same when you look at it from the perspective of the year-to-year.

Especially with these highly volatile assets like crypto, the possibilities for these things to occur are there. These things happens with many new asset classes (I say new given that Bitcoin has only been around for 12 years in comparison to ecosystems like the stock market).

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 19, 2021, 02:51:19 AM
Listen to Bindare! Bathe in what very well may be the drool of stupidity but it is our pathway to paradise.

I posted the bull case earlier. 53% crash could be the new 75% crash because the parabolic run was halved and therefore the crash also reduces in size.

Picture this. Big players are trying to exit. We have extremely low liquidity and large players are trapped in margin positions. Liquidity is available slightly up, slightly up, slightly up OR liquidity is a LONG way down. Who marches towards their death coked to the eyeballs?

Up = Glory
Down = Decimation

I went bull because the lack of liquidity will cause a reaction of searching for liquidity upwards rather than downwards.

We will have a correction event in September. That will be the entry point. We are all going alt coins and micro caps!!!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on August 19, 2021, 11:11:46 AM
Doge back at 30 cents  8) 8)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on August 19, 2021, 12:24:53 PM
Mark Cuban is a total retard.  Said BTC could never achieve it's full potential as a true central bank because about 2500 people own about 50% of the BTC.  How's that different than American wealth?  Don't .001% of the people in the US own 80% of the wealth?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on August 19, 2021, 09:31:13 PM
Quote from: El Diablo Blanco on August 19, 2021, 12:24:53 PM
Mark Cuban is a total retard.  Said BTC could never achieve it's full potential as a true central bank because about 2500 people own about 50% of the BTC.  How's that different than American wealth?  Don't .001% of the people in the US own 80% of the wealth?


Meltdown.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on August 20, 2021, 09:16:44 AM
Quote from: El Diablo Blanco on August 19, 2021, 12:24:53 PM
Mark Cuban is a total retard.  Said BTC could never achieve it's full potential as a true central bank because about 2500 people own about 50% of the BTC.  How's that different than American wealth?  Don't .001% of the people in the US own 80% of the wealth?

BTC wouldn't have very many advocates if the current systems worked for everybody.

If Cuban feels BTC is still too similar to the current system then he has a valid point.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on August 20, 2021, 11:46:30 AM
Thoughts on the current rally?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on August 20, 2021, 12:06:18 PM
Quote from: Griffith on August 20, 2021, 11:46:30 AM
Thoughts on the current rally?

Pumping before a dumping. Not quite ATH, but the pump could yet have legs
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 20, 2021, 06:15:25 PM
49k weekend pump yo!  :D

Bears getting shown the door, big boys keeping sending it upwards.

Oh Lordy Lordy this could be a very nice week ahead!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on August 23, 2021, 04:06:33 AM
BTC $ 50,303.59
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on August 23, 2021, 05:10:01 AM
It seems the same people that buy BTC buy ETH and DOGE. They all seem to go up and down together.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on August 23, 2021, 07:31:55 AM
Quote from: El Diablo Blanco on August 23, 2021, 05:10:01 AM
It seems the same people that buy BTC buy ETH and DOGE. They all seem to go up and down together.

This has been puzzling people for years now and the issue has only been getting more and more confusing.

It goes back to BTC being the first crypto and the prices on the exchanges. If you wanted to buy ETH or DOGE (or most other alts) on an exchange you needed to buy bitcoin first with fiat then using BTC you'd buy ETH or Doge. If you wanted to sell ETH or DOGE, you'd sell into bitcoin then into fiat. So when BTC price went up or down the ALTs moved with it.

This is still in play today despite trading platforms like coinbase and robinhood entering the market. The prices on the trading platforms generally follow those that are on the exchanges.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 24, 2021, 01:48:07 AM
Quote from: El Diablo Blanco on August 23, 2021, 05:10:01 AM
It seems the same people that buy BTC buy ETH and DOGE. They all seem to go up and down together.

It's algos not people only run on the larger volume stuff.

The algos detect liquidity range and they draw in longs and shorts before moving price up or down. That is the wedge you see on charts herding in the buyers to a point where liquidity is dried up. From there, depending on who jumped in, the algos perform a 'mystery' price move and you just hope you made the right trade.

This current price action when it 'should' pullback it turns around and ramps on a single candle. That's algos looking for liquidity up rather than down. We look at the margin longs in coin qty and they are now sitting at 38k down from 55k.

For simplicity's sake, This next 11k coin longs were opened up between 42k-49k price range which highlights how much shit leveraged big players have gotten themselves into.

Hence all the pump talk fired up trying to ignite another bull market rally and then algos sending price upwards. If we don't nuke, we could have a real banger end to the year.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 25, 2021, 05:59:02 PM
Of the 55k total coins longed only 38k remain open. The largest exit this year and very controlled to ensure price can still rally.

Big players will be targeting 27k open longs which was where they opened up at 49k-53k+ price range. So they are just hitting break even with the hope to dollar cost OUT as price should go higher.

Second chart is interest and you can see the decline in this rally. This is now the longest green period for future interest in 2021 at 34 days. The longest prior to this was the savage bullrun in October to November lasting 46 days before a pullback and then 25 days of insanity up straight after.

BUT when we look at prior similar margin long behaviour, we see price eventual price dump.When it’s a rally off a recent prior price peak.

We have 2 targets to watch IMO.
*46 days green open interest (12days to go)
*27k margin longs (11k to go)

September gunna be a come to Jesus meeting.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on August 26, 2021, 09:00:48 AM
We went a bit higher then my anticipated target but reassured this baby is heading down. Anticipate a rally around the 44k range where ill be longing. After that we will head down lower. Imo.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Jakobslander on August 27, 2021, 02:41:04 AM
Folks, another indicator of how things are going to go is the GBTC discount. It's been hovering around -15% for a while and it doesn't look like it's going to let up any time soon.

Grayscale, the parent company, was a constant buyer of BTC and is now a constant seller of BTC.

IMHO, once the discount becomes a premium or an American ETF comes out, watch out.

GBTC, if BTC does go to 15k, will go into the low single digits (possibly pennies if accompanied by a Black Swan event) and present the opportunity of a lifetime because the premium is going to go through the roof.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Jakobslander on August 27, 2021, 02:44:07 AM
Quote from: Bindare_Dundat on August 26, 2021, 09:00:48 AM
We went a bit higher then my anticipated target but reassured this baby is heading down. Anticipate a rally around the 44k range where ill be longing. After that we will head down lower. Imo.

There's going to be a rally into the 50k range again to trap the "return to normal" crowd (the worst FOMOs) and then they will drop it like a stone.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Jakobslander on August 27, 2021, 02:50:06 AM
The DXY is the driver of this whole thing now.

If it spikes again like in March of 2020, better be in cash, because the deflationary shock will crash everything.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 27, 2021, 06:14:58 AM
GBTC doesn't indicate a timeframe because it can be positive for long periods and negative for long periods.

The same as margin funding rates are not necessarily indicative because price can rally while rates remain negative so you believe it's bearish yet price goes up 40%.

Last pullback every man and his dog said 36k and we barely pulled back 5% then rallied to a new high. Just yesterday, again people said it's going to go to 40k then mid 30s and what happens? Tapped 46.6k turned around and is going back up.

The long derivatives charts i have been posting for many weeks tells you what the big money is doing. They are in a controlled exit which requires price to continue rallying while they dollar cost out. The problem is not even that is an actual outcome indicator because in 2020 we saw the exact same thing and we rallied straight into the new year.....

Financial markets are gunna take a bath in September and crypto leverage is going to be the trigger of the deflationary event. The rally out will be biblical.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on August 27, 2021, 07:21:38 AM
Anyone know what the fuck is going on with Solana?

I've always held a few coins (about 10 or so just out of curiosity) and its behavior as of recent doesn't make much sense to me. Anyone following it or know what's going on? MANY traders have always feared that the people behind Solana have made it into a pump and dump scheme, but I am not too well versed on that.

Thoughts?

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 27, 2021, 03:29:24 PM
Quote from: OneMoreRep on August 27, 2021, 07:21:38 AM
Anyone know what the fuck is going on with Solana?

I've always held a few coins (about 10 or so just out of curiosity) and its behavior as of recent doesn't make much sense to me. Anyone following it or know what's going on? MANY traders have always feared that the people behind Solana have made it into a pump and dump scheme, but I am not too well versed on that.

Thoughts?

"1"

It’s related to NFTs because they launched on The SOL network. Sure it’s mostly ETH based but stuff has started being released on SOL aswell.

I think it’s more lower cap coins having a big rally because BTC chilled out for a couple of weeks. SOL was dirt cheap so it’s rallying and now we have FOMO.

I was in DOT more than SOL because I thought DOT was way overdue for a rally and it hasn’t done jack. Today SOL is equal with DOT which is very interesting and it could be argued DOT doing sweet fuck all and even backwards is because of people jumping ship and into SOL.

We saw ADA do similar things and it has surged to a 92B market cap (SOL is 28B) and ETH is 400B. People learning quickly now which is why the speeds are getting quicker.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Jakobslander on August 27, 2021, 03:33:53 PM
HEX is literally going through the roof. Turns out “bitch tits” (Richard Heart) wasn’t that crazy.

At this pace, $1 by EOY and $10 by June of 2022.

Cryptos are insane.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 27, 2021, 06:29:42 PM
Quote from: Jakobslander on August 27, 2021, 03:33:53 PM
HEX is literally going through the roof. Turns out “bitch tits” (Richard Heart) wasn’t that crazy.

At this pace, $1 by EOY and $10 by June of 2022.

Cryptos are insane.

I like the HEX framework. It's a copy of BTC but with actual strong monetary incentives to HoDL unlike BTC.

38B Market Cap and 0.067B 24hr volume backs that up. It isn't on exchanges so it's not going to be leveraged and traded.

$0.21 @ 38B
$1 @ 180B 4.7x  --> plausible in next 2yrs?
$10 @ 1.8T 47x  --> plausible in next 4yrs?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on August 28, 2021, 04:31:40 AM
Quote from: Jakobslander on August 27, 2021, 02:50:06 AM
The DXY is the driver of this whole thing now.

If it spikes again like in March of 2020, better be in cash, because the deflationary shock will crash everything.

Please elaborate. What is DXY and what are you trying to say?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 28, 2021, 04:44:13 AM
Quote from: Jakobslander on August 27, 2021, 03:33:53 PM
HEX is literally going through the roof. Turns out “bitch tits” (Richard Heart) wasn’t that crazy.

At this pace, $1 by EOY and $10 by June of 2022.

Cryptos are insane.
That would give it a market cap of 2.6 trillion dollars. I don't see that happening. It runs on Ethereum. Where would Ethereum be in that fairytale world? There's a big Hex circulating supply. 6 times more than Doge. Doge is actually 6 times scarcer than Hex.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on August 28, 2021, 04:49:00 AM
Quote from: Jakobslander on August 27, 2021, 03:33:53 PM
HEX is literally going through the roof. Turns out “bitch tits” (Richard Heart) wasn’t that crazy.

At this pace, $1 by EOY and $10 by June of 2022.

Cryptos are insane.

When you stake HEX, how is the hex created that is paid out as interest? I guess it is created out of thin air?
The HEX website (official site) is beyond shitty in terms of how hex works and operates.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Jakobslander on August 28, 2021, 06:58:00 AM
Quote from: FitnessFrenzy on August 28, 2021, 04:49:00 AM
When you stake HEX, how is the hex created that is paid out as interest? I guess it is created out of thin air?
The HEX website (official site) is beyond shitty in terms of how hex works and operates.

Funny thing is that, when you open a CD with a bank, you never ask the bank “hey, where do you get the money that you pay me in interest?”

This is the horse shit logic that is applied to cryptos all the time.

In HEX, the inflation gets allocated to the stakers, as well as the penalties. In BTC, the inflation gets allocated to the miners, who then turn around and drop the coins in the market, pushing the price down (vicious circle, ain’t it?)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Jakobslander on August 28, 2021, 07:04:18 AM
Quote from: obsidian on August 28, 2021, 04:44:13 AM
That would give it a market cap of 2.6 trillion dollars. I don't see that happening. It runs on Ethereum. Where would Ethereum be in that fairytale world? There's a big Hex circulating supply. 6 times more than Doge. Doge is actually 6 times scarcer than Hex.

Do you trade on market cap?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on August 28, 2021, 07:48:12 AM
Quote from: Jakobslander on August 28, 2021, 06:58:00 AM
Funny thing is that, when you open a CD with a bank, you never ask the bank “hey, where do you get the money that you pay me in interest?”

This is the horse shit logic that is applied to cryptos all the time.

In HEX, the inflation gets allocated to the stakers, as well as the penalties. In BTC, the inflation gets allocated to the miners, who then turn around and drop the coins in the market, pushing the price down (vicious circle, ain’t it?)

Alright. I was just curious how it worked. :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on August 28, 2021, 10:25:00 AM
(https://i.postimg.cc/wMJGdxzm/240908032-10220309852201451-1726262020495420997-n.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on August 28, 2021, 10:26:02 AM
(https://i.postimg.cc/ncJdDJZ3/240401105-10220464521423867-1897804264735261965-n.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on August 28, 2021, 11:51:46 AM
Quote from: FitnessFrenzy on August 28, 2021, 10:25:00 AM
(https://i.postimg.cc/wMJGdxzm/240908032-10220309852201451-1726262020495420997-n.jpg)

I think Richard Heart can be entertaining when in a group setting. I think his technical analysis (when he does showcase) is very strong.

What I don't care for is the flaunting. That has asshole written all over it. The truly rich (as in old money) don't flaunt as much. Young money typically does. Great for him in building something great, but less flaunting would probably get him more fanfare.

Also, I don't know too much about his operations, but I do remember reading somewhere that for quite some time, many saw HEX as a ponzi scheme. Not sure if at all true and doubt it by this point, but worth looking into.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 29, 2021, 12:50:27 AM
Quote from: OneMoreRep on August 28, 2021, 11:51:46 AM
I think Richard Heart can be entertaining when in a group setting. I think his technical analysis (when he does showcase) is very strong.

What I don't care for is the flaunting. That has asshole written all over it. The truly rich (as in old money) don't flaunt as much. Young money typically does. Great for him in building something great, but less flaunting would probably get him more fanfare.

Also, I don't know too much about his operations, but I do remember reading somewhere that for quite some time, many saw HEX as a ponzi scheme. Not sure if at all true and doubt it by this point, but worth looking into.

"1"

His flaunting isn't like typical influencers with shocked faces "OMG i spent 1M on watches in under 30 seconds". It's a general very non-event 'oh hey here is some crazy expensive shit you can blow money on'. To me it's almost like a gigantic piss take where he tries to find the most obscene uselsss shit and buy it. That's my take anyway and i don't mind it.

Everything is a ponzi scheme because first in encourages more to buy in and then first in sell out and last in are the bag holders.  HEX is the ultimate ponzi because it's too good to sell out and end result is a mammoth sized valuation due to HoDL rules.

People bagged it out out of cult mentality but Richard designed it in a way where it's protected from leverage, bots and day trading then provided rules to encourage people to hold it long term and only take out small slices at a time. It's a brilliant design and in September i plan to hold some HEX for a very long term outlook just to see what happens.

I have mentioned participation depth in crypto building price floors (ie bear markets and bull markets are a necessity to engage more people over time) and HEX essentially will build a price floor 10x faster than everything else due to it's structure. It is this that freaks people out thinking it's a scam. It's not a scam, it's how a perfectly structured ponzi looks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 29, 2021, 01:02:34 AM
September is nearly here.

My opinion is that we will have an identical 2013 run giving us a peak to either 88k or 115k before year end. The reason for 2 targets is because of the rule of 100s where numbers will either fall short or if they go over, they go reasonably over. We cannot know which we will get until it's time.

September will look like shit. October will also look like shit. We will have a black swan event on the 22nd-23rd September which will trigger a cascade of selloffs.

Contagion from Crypto into broader sharemarkets is going to cause pain and everybody is going to think we are ruined.

All of us on here are going to be screaming it's the end of the USD and global economy, this is THE big event of collapse.......

Debt ceiling raise will be approved. 3.5T of Stimmy will be approved and it will magically go away before the end of October.

November and into December crypto will be utterly spastic and out of control. What prices drop to is irrelevant because you simply buy at whatever price.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on August 29, 2021, 06:31:14 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on August 29, 2021, 08:16:01 AM
Quote from: Mayday on August 29, 2021, 01:02:34 AM
My opinion is that we will have an identical 2013 run giving us a peak to either 88k or 115k before year end. The reason for 2 targets is because of the rule of 100s where numbers will either fall short or if they go over, they go reasonably over. We cannot know which we will get until it's time.

Hmm, so Bitcoin will likely increase 2-3x fold by your estimates and I'm sure alts would certainly follow with some particular alts hitting unexpected highs (much like Solana).

Quote from: Mayday on August 29, 2021, 01:02:34 AM
We will have a black swan event on the 22nd-23rd September which will trigger a cascade of selloffs.

You can't just casually drop this idea without adding strong substantiating arguments as to why. You need to expand on this, give us your craziest predictions and explain why you see it coming.

Quote from: Mayday on August 29, 2021, 01:02:34 AM
Contagion from Crypto into broader sharemarkets is going to cause pain and everybody is going to think we are ruined.

Everybody is going to think we will be ruined? Why? What do you mean regarding a supposed contagion surrounding crypto?

Quote from: Mayday on August 29, 2021, 01:02:34 AM
All of us on here are going to be screaming it's the end of the USD and global economy, this is THE big event of collapse.......

Again, you need to expand on this idea. Don't want to assume anything, but it sounds a bit crazy. Then again, after this last year, NOTHING will surprise me.

Quote from: Mayday on August 29, 2021, 01:02:34 AM
Debt ceiling raise will be approved. 3.5T of Stimmy will be approved and it will magically go away before the end of October.

I can 100% see this happening. They are already flirting with this.

Quote from: Mayday on August 29, 2021, 01:02:34 AM
November and into December crypto will be utterly spastic and out of control. What prices drop to is irrelevant because you simply buy at whatever price.

I foresee a probable crypto winter coming, although I can't trace it by technical analysis in a way that suggests that November/December will be the time it hits. If it does, I am aggressively stacking BTC, ETH, Cardano (Will likely go hardest into $ADA), Polkadot and Chainlink. As a hedge against US market activity, will also likely double down on the cheap VeChain.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on August 29, 2021, 08:25:42 AM
Quote from: FitnessFrenzy on August 28, 2021, 10:25:00 AM
(https://i.postimg.cc/wMJGdxzm/240908032-10220309852201451-1726262020495420997-n.jpg)

Hideous Rolex.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on August 29, 2021, 08:28:14 AM
Quote from: robcguns on August 29, 2021, 08:25:42 AM
Hideous Rolex.

agreed
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SexyCustomSynthesis250 on August 29, 2021, 08:32:19 AM
Quote from: Jakobslander on August 28, 2021, 07:04:18 AM
Do you trade on market cap?

Totally agree, market cap is for idiots
LOL newbcoiner assclown
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on August 29, 2021, 08:32:32 AM
My indicators (magic 8 ball) has ETH dropping mid week.

Also all the chatter about a looming black swan event. I've heard the following as possible triggers...

- Crypto or rather crazy leverage use and/or tether

- Attack on the US (ISIS.K suddenly is a thing)

- A subprime mortgage type scandal, but involving a basket of stocks and the US stock market.

Maybe it will be more than one of these, maybe they'll just be used as convenient excuses.

Oh and if you need some confirmation bias..

(https://preview.redd.it/o8v1ugk8k4k71.jpg?width=640&crop=smart&auto=webp&s=bb977d776b2e042bd9b98e7e475cdd2aa811fe6b)

It happened 9 times at the end of Aug 2020 then Sept 1 & 2 each set new ATHs as well, and literally from the 3rd onwards we had a correction. They are setting up for something like this at a minimum.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on August 29, 2021, 08:50:48 AM
Quote from: Flexacon on August 29, 2021, 08:32:32 AM
My indicators (magic 8 ball) has ETH dropping mid week.

Also all the chatter about a looming black swan event. I've heard the following as possible triggers...

- Crypto or rather crazy leverage use and/or tether

- Attack on the US (ISIS.K suddenly is a thing)

- A subprime mortgage type scandal, but involving a basket of stocks and the US stock market.

Maybe it will be more than one of these, maybe they'll just be used as convenient excuses.

Oh and if you need some confirmation bias..

(https://preview.redd.it/o8v1ugk8k4k71.jpg?width=640&crop=smart&auto=webp&s=bb977d776b2e042bd9b98e7e475cdd2aa811fe6b)

It happened 9 times at the end of Aug 2020 then Sept 1 & 2 each set new ATHs as well, and literally from the 3rd onwards we had a correction. They are setting up for something like this at a minimum.

It does feel as if the water in this economic pot is boiling and what will cause it to overflow is anyone's guess, but certainly only a matter of time.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 29, 2021, 10:44:38 PM
Quote from: OneMoreRep on August 29, 2021, 08:50:48 AM
It does feel as if the water in this economic pot is boiling and what will cause it to overflow is anyone's guess, but certainly only a matter of time.

"1"

The last 4yrs between 2nd-5th September Bitcoin crashes. Every year except 2016 Bitcoin has crashed in September. In 2016 it crashed in August but we rallied just like the other years so it’ll be September.

Start of month has a crash. Towards end of month another dip which will be the 22nd-23rd. Crypto derivatives are 14x the size of spot in the most Volatile market on the planet.

This aligns with Flex’s statement above for mid week.

The bull side to this is everybody knows of year end seasonality. There is shitloads of money on the sidelines waiting for this last dip to go all in. There is also less window of opportunity which means any upwards move would be savage so while 30k to 115k in 3 months might sound crazy, it’s plausible if we bounce.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pray_4_War on August 30, 2021, 05:21:22 PM
Quote from: Mayday on August 29, 2021, 10:44:38 PM
while 30k to 115k in 3 months might sound crazy, it’s plausible if we bounce.

(https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fmedia3.giphy.com%2Fmedia%2FZEU9ryYGZzttn0Cva7%2Fgiphy.gif&f=1&nofb=1)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on September 01, 2021, 05:43:35 PM
BTC dominance at the low.

Yellow highlight area was 2018 which was the crash of crypto, specifically alt coins we’re obliterated.

While I believe we rally into the end of the year, the dominance at lows is something where history says the gain in BTC dominance is a result from a crash in crypto, not a rally in price.

The timing of this makes sense as Sept is historically a bad time for crypto.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on September 01, 2021, 06:50:09 PM
When lambo When's the next crash anticipated? How low you guys reckon it'll get?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on September 01, 2021, 10:29:17 PM
Quote from: a_pupil on September 01, 2021, 06:50:09 PM
When lambo When's the next crash anticipated? How low you guys reckon it'll get?

It will happen when you chop your balls off with a butter knife. We’re all waiting on you mate.

Giddyup bro.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on September 02, 2021, 05:38:47 AM
Carter Worth makes great TA.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on September 02, 2021, 05:42:56 AM
(https://i.redd.it/abksxf94v0l71.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on September 02, 2021, 05:43:49 AM
(https://i.redd.it/r4bqgd0reoj71.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on September 02, 2021, 09:11:11 AM
Quote from: a_pupil on September 01, 2021, 06:50:09 PM
When lambo When's the next crash anticipated? How low you guys reckon it'll get?

I was looking for it to have a slow drop by now, but it's done the opposite.

You need to have hodl like patience even if you're sitting in stable coin waiting for a crash and everyone else is making money. I'm waiting through September and maybe early October before doing anything.

Hex looks glorious. Well done on your gains FF
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on September 02, 2021, 02:08:50 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on September 03, 2021, 02:07:43 AM
Rich fuckers have left BTC and moved over to ETH. Rich ETH have left ETH and gone over to NFT. The ETH NFTs are so expensive only gazilionaires can afford them so now it's all being dumped and moved back to ETH (hence, ETH moved up).

Meanwhile retail has fucked right off and is playing in the ADA, SOL, AVAX pond.

I looked at NFTs and even i'm priced out pretty much needing 10k just to buy in and take a punt. Then the gas fees are a grand or whatever just to purchase the things. WTF?

This is really something to ponder:
BTC 1.2T
ETH 0.45T
ADA 0.094T
HEX 0.048T
SOL 0.041T
AVAX 0.08T

SOL and AVAX going nuts because of NFT which are affordable for us retail plebs.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on September 07, 2021, 08:18:09 AM
Nice and spicy day for El Salvador
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on September 07, 2021, 12:11:23 PM
42-44 close enough.  ;)

got a wicked trade in today boys.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on September 07, 2021, 08:05:03 PM
Im waiting for David Miscavige to announce himself as co-founder of HEX.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on September 08, 2021, 02:00:17 AM
September strikes…..

Bought ETH. I’m 50% in now.

This won’t be the only dump this month. We will see another one.

I still remain bullish.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on September 08, 2021, 02:57:09 AM
Bitcoin looks like it's doing another wyckoff. It looks like we are in the last quarter a mini version of the Jan to May cycle. One more steady climb up left and then a big dump around the date Mayday gave.

They are truly trolling us if this ends up being case.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on September 08, 2021, 05:33:35 AM
I'm hearing Evergrande could be the potential black swan catalyst.

If Evergrande is allowed to go under then the Chinese bond market collapses. Tether is heavily invested there so they'd go down too. That will crash crypto (10k btc) and who knows what other dominos fall after that.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on September 08, 2021, 11:18:55 AM
Next leg up after this.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on September 08, 2021, 11:23:32 AM
Quote from: Flexacon on September 08, 2021, 05:33:35 AM
I'm hearing Evergrande could be the potential black swan catalyst.

If Evergrande is allowed to go under then the Chinese bond market collapses. Tether is heavily invested there so they'd go down too. That will crash crypto (10k btc) and who knows what other dominos fall after that.

Would love this...

Don't want anyone to get wrecked, but would appreciate some bargain prices for both ETH (< $2000) and ADA (< $1.00).

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on September 08, 2021, 11:27:21 AM
Quote from: Mayday on September 08, 2021, 02:00:17 AM
September strikes…..

Bought ETH. I’m 50% in now.

This won’t be the only dump this month. We will see another one.

I still remain bullish.

Same.

Where do you see it going?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on September 08, 2021, 11:33:47 AM
Quote from: Mayday on September 08, 2021, 02:00:17 AM
September strikes…..

Bought ETH. I’m 50% in now.

This won’t be the only dump this month. We will see another one.

I still remain bullish.

Assuming both dumps occur, why would you have bought more ETH at these prices. Given the ATH we've seen in the past (slightly upwards of $4K), isn't its current price still overvalued in the setting of two probable dumps?

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on September 08, 2021, 06:54:00 PM
Quote from: OneMoreRep on September 08, 2021, 11:33:47 AM
Assuming both dumps occur, why would you have bought more ETH at these prices. Given the ATH we've seen in the past (slightly upwards of $4K), isn't its current price still overvalued in the setting of two probable dumps?

"1"
Just checked the 2017 September Bitcoin open prices. See attached.

$4,701.76 on 9/1/17
$3,166.30 on 9/15/17
$4,166.11 on 9/30/17

Now look at the 2017 December Bitcoin high price:

$20,089.00 on 12/15/17

This is why some people think a $20k ETH is still possible in 2021. I realize these are two different assets with different supplies and 2021 is not the same as 2017. The dollar now is worth less though than back then. 2021 Ethereum has been following 2017 Bitcoin pretty closely so far but is a little behind. It was ahead of 2017 Bitcoin earlier in the year.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on September 08, 2021, 08:58:35 PM
Quote from: OneMoreRep on September 08, 2021, 11:33:47 AM
Assuming both dumps occur, why would you have bought more ETH at these prices. Given the ATH we've seen in the past (slightly upwards of $4K), isn't its current price still overvalued in the setting of two probable dumps?

"1"

Honestly it’s just my conviction that year end will be a massive bullrun. September was ‘the’ month to wait for. Hasn’t disappointed so far has it? What was it? A 20% dump? This is the decider month and price is whatever price is. I am 50% in therefore hedged to later in the month.

We don’t know if 2nd dump will be lower but I gave a date, September 22nd-23rd.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on September 08, 2021, 09:49:34 PM
Quote from: obsidian on September 08, 2021, 06:54:00 PM
Just checked the 2017 September Bitcoin open prices. See attached.

$4,701.76 on 9/1/17
$3,166.30 on 9/15/17
$4,166.11 on 9/30/17

Now look at the 2017 December Bitcoin high price:

$20,089.00 on 12/15/17

This is why some people think a $20k ETH is still possible in 2021. I realize these are two different assets with different supplies and 2021 is not the same as 2017. The dollar now is worth less though than back then. 2021 Ethereum has been following 2017 Bitcoin pretty closely so far but is a little behind. It was ahead of 2017 Bitcoin earlier in the year.

This also answers Griff’s question.

If we see peak seasonality for BTC at year end expect 2 scenarios IMO:

BTC @ 88k
BTC @ 110k

Assume 0.07 ETHBTC which gives 6.1k - 8k at peak BTC and then we see overrun on ETH towards 12k - 16k.

I would think a 20k ETH requires a 200k BTC price though.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on September 09, 2021, 06:39:26 AM
Quote from: obsidian on September 08, 2021, 06:54:00 PM
Just checked the 2017 September Bitcoin open prices. See attached.

$4,701.76 on 9/1/17
$3,166.30 on 9/15/17
$4,166.11 on 9/30/17

Now look at the 2017 December Bitcoin high price:

$20,089.00 on 12/15/17

This is why some people think a $20k ETH is still possible in 2021. I realize these are two different assets with different supplies and 2021 is not the same as 2017. The dollar now is worth less though than back then. 2021 Ethereum has been following 2017 Bitcoin pretty closely so far but is a little behind. It was ahead of 2017 Bitcoin earlier in the year.

Taking into account that you've stated the obvious differences between BTC and ETH (two different assets with different supplies and USD being worth less), you assume ETH can get to a $20K value based on its constant burning of supply?

My angle is that if there's still possible dumping to come in September, why not wait for lower lows?

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on September 09, 2021, 07:24:44 AM
Quote from: OneMoreRep on September 09, 2021, 06:39:26 AM
Taking into account that you've stated the obvious differences between BTC and ETH (two different assets with different supplies and USD being worth less), you assume ETH can get to a $20K value based on its constant burning of supply?

My angle is that if there's still possible dumping to come in September, why not wait for lower lows?

"1"

With so many cryptos now. It’ll be hard for eth and BTC to climb to super high numbers. The investments are diluted across many cryptos.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on September 09, 2021, 07:34:23 AM
Quote from: OneMoreRep on September 09, 2021, 06:39:26 AM
Taking into account that you've stated the obvious differences between BTC and ETH (two different assets with different supplies and USD being worth less), you assume ETH can get to a $20K value based on its constant burning of supply?

My angle is that if there's still possible dumping to come in September, why not wait for lower lows?

"1"

The ETH price factored in the uncertainty over the London upgrade when it hit an ATH. Anything below that now is arguably a discount.

It will likely pump again pretty hard before dumping, so we could see a 5k or 6k ETH very soon and then a 30% to 40% which would just put ETH back where we are now.

I haven't bought in yet though. I'm convinced the Evergrande, the Chinese bond market situation and CCP are key to what happens over the next few weeks.

Evergrande has shat the bed, so now it's down to the CCP and bailouts. No bailout and tether is screwed, 80% crypto dump. Bailouts (which looks likely) then all markets take a haircut and crypto dumps about 30%.

If nothing happens there is still October which looks like it will be be spicy month for the US markets now that government stimulus has wound down.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on September 09, 2021, 08:03:05 AM
Quote from: Flexacon on September 09, 2021, 07:34:23 AM
I haven't bought in yet though. I'm convinced the Evergrande, the Chinese bond market situation and CCP are key to what happens over the next few weeks.

Evergrande has shat the bed, so now it's down to the CCP and bailouts. No bailout and tether is screwed, 80% crypto dump. Bailouts (which looks likely) then all markets take a haircut and crypto dumps about 30%.

Yea, I just read about Evergrande yesterday and it does look like a shitty situation for the Chinese bond market. Could cause a serious hit to their economy and infrastructure, as Evergrande is tied to most of the massive skyscrapers China is renowned for. It's being tied to government bonds and infrastructure makes it a double edge sword.

Don't know how much of Tether is vested into Evergrande, so difficult to say. Still, if it does affect the crypto ecosystem, I'll be ready to buy up ETH, ADA, Link and DOT.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on September 09, 2021, 08:52:07 AM
Quote from: OneMoreRep on September 09, 2021, 08:03:05 AM
Yea, I just read about Evergrande yesterday and it does look like a shitty situation for the Chinese bond market. Could cause a serious hit to their economy and infrastructure, as Evergrande is tied to most of the massive skyscrapers China is renowned for. It's being tied to government bonds and infrastructure makes it a double edge sword.

Don't know how much of Tether is vested into Evergrande, so difficult to say. Still, if it does affect the crypto ecosystem, I'll be ready to buy up ETH, ADA, Link and DOT.

"1"

When Tether were investigated they said 50% of their reserves  come from commercial paper. Tether is Hong Kong based
and Evergrande happens to be China’s largest issuer of commercial paper. China dumping bitcoin makes a bit more sense if Tether and Evergrande are linked.

I actually came across this possible connection back in July and dismissed it as tinfoil, but now I'm not so sure. Even without Tether the CCP need $300 billion to bail out Evergrande. It needs to be paid in dollars, so market corrections and sell offs are very likely across the board.

Update*

CCP has allowed Evergrande to reset debt terms and can kick. The payments on loans were originally due on the 21st (Maydays crash dates were the 22-23rd) but they have no money and assets are grossly overvalued, so the can kick looks pointless.

Reading between the lines it looks like the CCP said no to bailouts. Putting the tin foil on the CCP looks like they are willing to screw investors, let Evergrande go bust and then they'll pick the rotting carcass. The Chinese version of 2008 looks in play.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on September 10, 2021, 12:57:55 AM
https://bitcoinist.com/standard-chartered-goes-bullish-on-ethereum-predicts-eth-to-reach-35000-mark/

Standard Chartered Goes Bullish On Ethereum, Predicts ETH To Reach $35,000 Mark



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on September 10, 2021, 09:34:31 AM
Here's a free version of Market Cipher for anyone interested. It uses all the free trading tools already on Trading View.  To change from view only and keep it, just save it under 'layouts'.

https://www.tradingview.com/chart/o1u9u4B6/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on September 10, 2021, 04:31:17 PM
I'm loading up at these levels.  Don't see us going below 42k. If we do, it'll be a shitty mess.

Sell back into the the rally I anticipate happening soon.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on September 10, 2021, 04:40:10 PM
Crypto wants to rocket, but these are not buying times. Especially not bitcoin.

El Salvador could very easily have been this cycles Coinbase IPO peak. Also funny that Coinbase has had it's lending program stalled/shut down by the SEC and also tons of users are complaining about being shut out of accounts and/or stolen coins. Fuckeries are afoot.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on September 11, 2021, 04:08:00 AM
BTC at 100k and ETH tripling in this bullrun before end of year?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on September 11, 2021, 11:50:19 AM
Quote from: Griffith on September 11, 2021, 04:08:00 AM
BTC at 100k and ETH tripling in this bullrun before end of year?





More youtube videos of "to tha moon" dudes who would be selling used cars if not for crypto.  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on September 12, 2021, 04:33:15 AM
Quote from: SOMEPARTS on September 11, 2021, 11:50:19 AM
More youtube videos of "to tha moon" dudes who would be selling used cars if not for crypto.  ;D

The universe works so that outliers win. Those are top and bottom positions. Meanwhile the people in the middle who are average don't get anywhere.

Look at sport. The top outliers win. The average can train super hard and come somewhere in the middle and nobody cares. The bottom outliers get the crowd chanting for them, other athletes giving them support and they get more attention on social media.

The same goes for intelligence. The top outliers obliterate everybody. The average can study hard, still get smoked by an outlier and be stuck fighting over the most competitive jobs. The bottom outliers do jobs the average won't because the average see themselves above it. The bottom can do shit jobs earning double the money of the average with less work stress and higher quality of life.

The top outliers have a fast ability to learn. The bottom outliers have the ability to block noise by sheer accident.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on September 12, 2021, 06:36:14 AM
Quote from: Mayday on September 12, 2021, 04:33:15 AM
The bottom outliers do jobs the average won't because the average see themselves above it. The bottom can do shit jobs earning double the money of the average with less work stress and higher quality of life.

This..

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on September 13, 2021, 12:27:57 AM
Here is an overlay of 2013 timeline to the dump prior to the mammoth year end run.

Peak 9th April vs 13th April
Bottom 6th July vs 20th July
Rally peak 1st Sept vs 6th Sept
1st bottom 6th Sept vs 10th Sept
Peak 29th Sept vs ……21st September (maybe)
DUMP 2nd Oct vs 22nd-23rd Sept (maybe)
Bounce out 4th Oct vs 25th Sept

If we don’t vomit on the 22nd-23rd it means we dump after the 2nd October as all dates in 2021 have been later than 2013.

I have another chart but I can’t post on here without it looking tiny but it’s unrealised P&L which shows we are exact same as 2013 and NOT post peak.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on September 13, 2021, 06:10:14 PM
BE BULLISH mofos!!!!

There is 7 days left until the a devil cleanses your soul and you shall be reborn into an insane bullrun.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on September 13, 2021, 06:15:37 PM
In 7 days we shall all be cleansed!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on September 13, 2021, 09:24:29 PM
The SEC is going after the exchanges now as well as ripple. I still think ripple beats their SEC case, but we have seen what that has done to the price of XRP. This new FUD against exchanges could drop prices across the board.

https://twitter.com/attorneyjeremy1/status/1437487301601411074
https://www.banking.senate.gov/imo/media/doc/Gensler%20Testimony%209-14-21.pdf

(https://i.redd.it/2ra9ustrzcn71.jpg)

-------------------

Elsewhere Evergrande is starting looking like Chinas Lehman Bros.

https://www.theguardian.com/world/2021/sep/14/china-property-giant-evergrande-admits-debt-crisis-as-protesters-besiege-hq
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on September 14, 2021, 11:44:01 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on September 15, 2021, 09:31:53 AM
Quote from: Bindare_Dundat on August 26, 2021, 09:00:48 AM
We went a bit higher then my anticipated target but reassured this baby is heading down. Anticipate a rally around the 44k range where ill be longing. After that we will head down lower. Imo.

 ;)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on September 15, 2021, 07:48:30 PM
Bitcoin golden cross could send it rocketing.

On the other hand Evergrandes bankruptcy will leave US hedgefunds holding bags. This could cause a stock and crypto sell off, leaving anyone long anything in tears, x5 that if Evergrande takes down the rest of the property development market in China with it (Sunac busting out is the big one) Tether  :-X

Intradasting times

(https://memegenerator.net/img/instances/48786590/hmm-yes-very-interesting.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: GigantorX on September 16, 2021, 06:19:14 AM
REAL TALK.

Is it worth it for me to purchase an expense (yikes!) current GPU (preferably NVidia) and begin mining on the side?

If yes, what should be mined?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on September 17, 2021, 01:14:37 AM
Quote from: Flexacon on September 15, 2021, 07:48:30 PM
Bitcoin golden cross could send it rocketing.

On the other hand Evergrandes bankruptcy will leave US hedgefunds holding bags. This could cause a stock and crypto sell off, leaving anyone long anything in tears, x5 that if Evergrande takes down the rest of the property development market in China with it (Sunac busting out is the big one) Tether  :-X

Intradasting times


Is everybody expecting a dump? Yes
Have people sold or closed their long positions? No
Have people opened hedge positions whilst keeping their original positions open? Yes
Your Conclusion --> Is everybody scared of being dumped on or missing out on the rally out = Rally out

We have a 4 week window of crypto downside risk after which you better be on board mate ;)

I'll message you about a few of the things we chatted about that i did quite well in. Will be spastic.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on September 17, 2021, 09:38:01 PM
Quote from: Mayday on September 17, 2021, 01:14:37 AM

Is everybody expecting a dump? Yes
Have people sold or closed their long positions? No
Have people opened hedge positions whilst keeping their original positions open? Yes
Your Conclusion --> Is everybody scared of being dumped on or missing out on the rally out = Rally out

I would be more than willing to accept the risks you've highlighted, but I'm not touching it right now because of Tether.

I mentioned Tether a few months ago, again a few weeks and again a couple of days. All 3 were different sources highlighting the Tether risk, now Burry just tweeted about it https://twitter.com/michaeljburry/status/1439055789646360582 (knowing him he'll delete it soon)

Cassandra
@michaeljburry
When Chinese CP is not the Communist Party and is maybe a bigger deal.

TheLastBearStanding
@TheLastBearSta1
 · Jul 22
23. Again – its certainly possible Tether is buying other Chinese bank or developer CP or making up the CP concept entirely. But consider the implications if true: The crypto universe may be riding on the back of China’s collapsing property developers

Read the rest of the tweets from July https://twitter.com/thelastbearsta1/status/1418302465557110785?s=21
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on September 19, 2021, 01:07:57 AM
(https://i.redd.it/gpu530ymzbo71.jpg)

(https://i.redd.it/0yd3hpxmzbo71.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on September 20, 2021, 03:54:04 AM
US Fed already said Tether was 14% backed or something along those lines. So it’s already known to be leveraged.

Lots of people getting wiped out today. Brutal.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on September 20, 2021, 07:58:36 AM
Quote from: Flexacon on September 09, 2021, 07:34:23 AM
I'm convinced the Evergrande, the Chinese bond market situation and CCP are key to what happens over the next few weeks.

Evergrande has shat the bed, so now it's down to the CCP and bailouts. No bailout and tether is screwed, 80% crypto dump. Bailouts (which looks likely) then all markets take a haircut and crypto dumps about 30%.

Your suspicion was correct!

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on September 20, 2021, 06:06:29 PM
Quote from: OneMoreRep on September 20, 2021, 07:58:36 AM
Your suspicion was correct!

"1"

My month(s) long bear campaign is indeed playing out.

We also got trolled again! "Fool me once, shame on -- shame on you. Fool me -- you can't get fooled again"

Quote from: Flexacon on September 08, 2021, 02:57:09 AM
Bitcoin looks like it's doing another wyckoff. It looks like we are in the last quarter a mini version of the Jan to May cycle. One more steady climb up left and then a big dump around the date Mayday gave.

They are truly trolling us if this ends up being case.

China is also trolling the foreign banks and institutions now. Marge will be calling soon, but I think if we get through the next few weeks with just a haircut then most will be okay.

China will be fine. Citizens, employees and contractors hurt by Evergrande will be made whole. Their banks and investors will see some relief. Foreign institutions will be told to eat shit. China in turn won't be going after US debt (they might go after debt the 3rd world owes them). US institutions can take the evergrande hit as they are all cash rich. Things get spicy again though if the other big property developers in China start to topple and/or crypto crashes 80%.

Beware of the incoming bull trap!

(https://matthewpury.files.wordpress.com/2013/12/7g08_045.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on September 20, 2021, 10:42:59 PM
ETH $ 2,975.12
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on September 21, 2021, 12:33:28 AM
According to stock to flow model 'worst case scenario':

(https://pbs.twimg.com/media/E-Gm4vyXsAEKUTw.jpg:large)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on September 21, 2021, 02:37:34 AM
 ;D

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on September 21, 2021, 05:33:41 PM
Quote from: Griffith on September 21, 2021, 12:33:28 AM
According to stock to flow model 'worst case scenario':

(https://pbs.twimg.com/media/E-Gm4vyXsAEKUTw.jpg:large)

That’s a model which assumes a fixed outcome equal to the most valuable asset classes which is 100T.

The creator uses the end value of 100T, divides this by 4yr halving then applies a network growth value for each block to get price. I’m not a fan of scarcity because perception drives price and supply/demand is the outcome of perception.

The price targets for each halving is the average over the time period. So 100k for 2021 is actually the average out to 2024.


One of the main reasons this model will break is because it assumes all coins hold equal behaviour which is incorrect. Derivatives is 14x larger than spot and therefore is primary driver. The ‘fundamental’ pricing which this model bases itself on is really the price at the true bottom. Derivatives artificially inflate and deflate the price so you can’t apply that to HoDL mentality and build a model.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on September 21, 2021, 05:40:48 PM
Quote from: Griffith on September 21, 2021, 02:37:34 AM
;D


He is ok on some stuff.

This sell off is driven by the sharemarket and super wealthy resetting for the next annual year. The FUD is there to hide the real reason is all. There is 1T parked in cash at the Fed for a reason, watch over the coming weeks how that reporting magically vanishes…..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on September 21, 2021, 06:00:48 PM
Bears gunna get crushed next month…..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on September 21, 2021, 06:58:23 PM
Quote from: Mayday on September 21, 2021, 06:00:48 PM
Bears gunna get crushed next month…..

When are you buying again?

I'm looking to dollar cost average in soon. If there is a huge crash I still have the funds to take advantage. No crash then I still got some of the dip before it rockets.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on September 21, 2021, 10:15:53 PM
Quote from: Flexacon on September 21, 2021, 06:58:23 PM
When are you buying again?

I'm looking to dollar cost average in soon. If there is a huge crash I still have the funds to take advantage. No crash then I still got some of the dip before it rockets.

Dow is leading this so I’d be looking at a 33.2k and then it’s done IMO.

Don’t forget the 1T in reverse repos is there for buying this dip so liquidity is going to flood in at a million miles an hour and bounce like a mofo.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on September 22, 2021, 05:49:55 AM
Quote from: Mayday on September 21, 2021, 06:00:48 PM
Bears gunna get crushed next month…..

You still think we could see 100k BTC and 8k ETH this year?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on September 22, 2021, 10:44:24 AM
Quote from: Griffith on September 22, 2021, 05:49:55 AM
You still think we could see 100k BTC and 8k ETH this year?
Maybe $1 and $.80.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on September 22, 2021, 01:42:25 PM
Quote from: Griffith on September 22, 2021, 05:49:55 AM
You still think we could see 100k BTC and 8k ETH this year?

Seasonality is a leading indicator therefore I expect either a rally and peak Nov-Dec or a rally and peak in April 2022.

I don’t believe the sharemarket pullback is done yet.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on September 22, 2021, 04:12:14 PM
Potentially a huge day today. If Evergrande don't pay their foreign investor debts today then all the markets take a hit.

If there are no consequences for Evergrande telling their foreign investors to eat shit, then there is nothing stopping the rest of the Chinese developers doing the same.

A can kick solution is the most likely outcome, but if that doesn't happen prepare for carnage.

(https://external-preview.redd.it/wFn71UpOnZJbaRaVf2O9_DcWA_N4z1aYC0LGwkCYa8s.jpg?width=640&crop=smart&auto=webp&s=577b509aaf64e4d9e2c75add2ba6e5de01da78da)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on September 23, 2021, 12:44:33 AM
Quote from: Flexacon on September 22, 2021, 04:12:14 PM
Potentially a huge day today. If Evergrande don't pay their foreign investor debts today then all the markets take a hit.

If there are no consequences for Evergrande telling their foreign investors to eat shit, then there is nothing stopping the rest of the Chinese developers doing the same.

A can kick solution is the most likely outcome, but if that doesn't happen prepare for carnage.

(https://external-preview.redd.it/wFn71UpOnZJbaRaVf2O9_DcWA_N4z1aYC0LGwkCYa8s.jpg?width=640&crop=smart&auto=webp&s=577b509aaf64e4d9e2c75add2ba6e5de01da78da)
Bitboy claims they were bailed out.

Is this a bailout or not?

https://coingape.com/china-injects-19-billion-to-bail-out-evergrande-heres-how-crypto-market-can-benefit/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on September 23, 2021, 12:45:09 AM
Quote from: FitnessFrenzy on September 19, 2021, 01:07:57 AM
(https://i.redd.it/gpu530ymzbo71.jpg)

(https://i.redd.it/0yd3hpxmzbo71.jpg)
Who is this?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on September 23, 2021, 01:10:02 AM
Quote from: obsidian on September 23, 2021, 12:44:33 AM
Bitboy claims they were bailed out.

Is this a bailout or not?

https://coingape.com/china-injects-19-billion-to-bail-out-evergrande-heres-how-crypto-market-can-benefit/

The type of bailout isn't clear.

I made an earlier post that China will look after China. So far only "onshore" debts have been can kicked.

We'll find out soon what happens to offshore (foreign investors) debts. If they are left to eat it then crypto will likely take dump, possibly multiple dumps.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on September 23, 2021, 03:38:01 PM
Quote from: obsidian on September 23, 2021, 12:44:33 AM
Bitboy claims they were bailed out.

Is this a bailout or not?

https://coingape.com/china-injects-19-billion-to-bail-out-evergrande-heres-how-crypto-market-can-benefit/

I wouldn't  invest much mental real estate into what that shilling fraud  has to say. He is almost as believable as the people calling for sub 20k btc.

In other  news

https://twitter.com/jackmallers/status/1441089090628177933?s=20

BTC wins.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on September 24, 2021, 04:30:30 AM
China has made btc and crypto transactions illegal. There was also a phantom red candle yesterday that showed btc crashing 90% on some wall st exchange.

Good FUD to get the price to dip
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on September 24, 2021, 09:12:27 AM
As usual, the same China FUD which keeps getting recycled.

(https://pbs.twimg.com/media/FAD4-xCXoAMDvFo?format=jpg&name=900x900)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on September 25, 2021, 01:52:49 AM
ETH $ 2,841.74
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: jude2 on September 25, 2021, 10:30:42 AM
Quote from: FitnessFrenzy on September 25, 2021, 01:52:49 AM
ETH $ 2,841.74
I buying if it gets below 2750
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on September 26, 2021, 12:50:50 AM
Quote from: jude2 on September 25, 2021, 10:30:42 AM
I buying if it gets below 2750

You buying then?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: jude2 on September 26, 2021, 10:01:28 AM
Quote from: Flexacon on September 26, 2021, 12:50:50 AM
You buying then?
Yes I did.  Looks like a good more so far.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on September 27, 2021, 11:23:14 AM
https://www.forbes.com/sites/billybambrough/2021/09/27/crypto-price-prediction-100000-per-bitcoin-could-come-even-sooner-than-you-think-with-ethereum-leading-the-way/?sh=204d74fb1748

Crypto Price Prediction: $100,000 Bitcoin Could Come Even Sooner Than You Think With Ethereum Leading The Way

Bitcoin and ethereum have bounced back after the latest China-induced sell-off last week, helping the cryptocurrency market return to $2 trillion.

The bitcoin price fell sharply last week after China's central bank warned all crypto transactions are now illegal in the country but the latest crackdown has failed to deter investors who have continued to pile into other cryptocurrencies as well. The ethereum price has soared 12% over the last 24 hours.

Now, it's been predicted that U.S. Securities and Exchange Commission (SEC) could greenlight a long-awaited bitcoin exchange-traded fund (ETF) as soon as next month—something that could send the bitcoin price as high as $100,000.

"There’s still a high probability that the U.S. is just going to follow Canada, maybe with a futures-based bitcoin ETF," Bloomberg Intelligence senior commodity strategist Mike McGlone told Stansberry Research last week.

"There are now over [bitcoin ETF] 30 applications, and the fact that money is migrating from the U.S.—from Cathie Wood and Ark—towards Canada, the pressure is quite strong and high for the U.S. regulators to say: 'All right, we’re kind of missing out here and we need to do that.'"

Earlier this month, major investor Fidelity urged the SEC to approve a bitcoin ETF, pointing to increased investor appetite for virtual currencies, growing bitcoin adoption the existence of similar funds in other countries, according to media reports. However, the SEC has signaled it will continue its cautious approach under new chair Gary Gensler, following suit with his predecessor Jay Clayton.

McGlone also doubled down on his $100,000 bitcoin price prediction, forecasting bitcoin will hit the psychological level by the end of 2021 but potentially as soon as October.

"[After bitcoin broke] $10,000, it’s more likely to go to $100,000," said McGlone, referencing bitcoin's volatile price history. "The thing that I’ve underestimated this year is how much there’s been disdain and outflows from gold, and people giving up on gold and going to bitcoin, and going to bitcoin and ethereum, basically putting bitcoin and ethereum in the same bucket as gold."

McGlone looks to ethereum's outsized performance this year—up 700% over the past 12 months compared to bitcoin's 300% rally—as further justification for his $100,000 bitcoin price prediction.

"If bitcoin just catches up to ethereum, of which there have been some ETFs launched in Canada, it would be at $100,000," McGlone said. "In fact, it would be close to $130,000. So I think that’s part of the reason it’s probably gonna get there, and the question is when."
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on September 29, 2021, 02:53:17 AM
We are likely looking at the 12th-16th October for a bottom in price action mmmkay.

I moved a portion of my ETH into HEX and increased my original position. This is a great hedge in case the market decides to go into a bear market because HEX will not do what the others will in that scenario.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on September 29, 2021, 09:47:27 PM
Imagine if we began to have global energy shortages….

Energy prices go up. BTC Miners reduce as it’s too expensive. Difficulty adjusts to enable less miners to use less energy and make profit. Less miners means Less network security. Less network security means a 51% attack is possible.

Something to think about for next round of FUD.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on September 30, 2021, 01:28:45 AM
Quote from: Mayday on September 29, 2021, 02:53:17 AM
We are likely looking at the 12th-16th October for a bottom in price action mmmkay.

I moved a portion of my ETH into HEX and increased my original position. This is a great hedge in case the market decides to go into a bear market because HEX will not do what the others will in that scenario.

Richard Heart is God
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: oldtimer1 on September 30, 2021, 11:11:14 AM
I don't know too much about bitcoins and crytocurrency but I just read China wants it out of their country. Now Biden nominee for Comptroller of the currency  Saule Omarova wants to eliminate commercial banks and have government banks.  She also wants to serverly regulate crytocurrency. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on September 30, 2021, 12:50:18 PM
Quote from: oldtimer1 on September 30, 2021, 11:11:14 AM
I don't know too much about bitcoins and crytocurrency but I just read China wants it out of their country. Now Biden nominee for Comptroller of the currency  Saule Omarova wants to eliminate commercial banks and have government banks.  She also wants to serverly regulate crytocurrency.

China already exited a couple of months ago. They banned BTC mining and all their computers were sold off, most going to the US.

Media are rehashing old stories.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on September 30, 2021, 07:42:52 PM
Quote from: Mayday on September 30, 2021, 12:50:18 PM
China already exited a couple of months ago. They banned BTC mining and all their computers were sold off, most going to the US.

Media are rehashing old stories.

Rumour  has it they were forced to shut off the btc miners due to energy consumption and limited energy sources ever since they stopped importing coal from Australia. They cant keep up with demand?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on September 30, 2021, 11:11:16 PM
Quote from: Theoak* on September 30, 2021, 07:42:52 PM
Rumour  has it they were forced to shut off the btc miners due to energy consumption and limited energy sources ever since they stopped importing coal from Australia. They cant keep up with demand?

A good point so let’s look at that.

China available coal power is 4,529Twh

Chinese BTC miners consumed 86Twh of which 63% was from coal = 54Twh

This equates to 1.2% of available coal power.

Honestly, I’d say it’s plausible. 1.2% for something that arguably is supposed to get vastly bigger at a time the world wants to wind back coal power.

Which brings back the question of if Bitcoin is energy and we are going towards less energy then what does that mean for Bitcoin long term?


PS I believe one last dump 11th-15th Oct and I’m buying in hard at that point. Pray for my bags.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Bindare_Dundat on October 01, 2021, 02:55:19 AM
If we do anything like last year and oct, nov, dec rhyme with those months of 2020, hang on to your asses, this thing is gonna go nuclear. We could retest ath. Good luck gentlemen.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 01, 2021, 04:01:48 AM
I will take all you Hexosexuals ($0.42) on with Loopring LRC ($0.38)

Let the best retard win
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 01, 2021, 06:13:44 AM
Quote from: Flexacon on October 01, 2021, 04:01:48 AM
I will take all you Hexosexuals ($0.42) on with Loopring LRC ($0.38)

Let the best retard win

Is your boyfriend ok with that?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: 2020 Olympia on October 01, 2021, 11:58:09 AM
I was thinking about buying 1 bitcoin instead of a new car... any advice?
Would look at it as a potential investment

Tbh I have no clue what is currently the equivalent of a butcoin
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on October 01, 2021, 06:47:44 PM
Quote from: Bindare_Dundat on October 01, 2021, 02:55:19 AM
If we do anything like last year and oct, nov, dec rhyme with those months of 2020, hang on to your asses, this thing is gonna go nuclear. We could retest ath. Good luck gentlemen.

Its more like 2017 oct-nov-dec. Anyone involved then knows how crazy that got, end of a 4 year cycle
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on October 02, 2021, 02:06:23 AM
100k BTC and 10k ETH by December  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 02, 2021, 08:42:07 PM
Quote from: Griffith on October 02, 2021, 02:06:23 AM
100k BTC and 10k ETH by December  :D

I have two prices of 88k and 115k.

I think 88k is much more probable though if it's going to go on a run.

The alternative scenario is an absolute bloodbath and lows for another 6 months. That would be a buying opportunity though so it's not the end of the world.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on October 03, 2021, 01:16:45 AM
Quote from: Mayday on October 02, 2021, 08:42:07 PM
I have two prices of 88k and 115k.

I think 88k is much more probable though if it's going to go on a run.

The alternative scenario is an absolute bloodbath and lows for another 6 months. That would be a buying opportunity though so it's not the end of the world.

What are your price targets for ETH?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 03, 2021, 04:25:17 AM
Pandora papers (Panama papers part II) are out in a few hours.

It will be interesting what's in there about bitcoin and crypto.

Rumours that there will be huge dirt on one of the major banks.

The mother of all FUDs could be incoming. I will be shitting in the woods for the next few weeks!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on October 03, 2021, 09:36:46 PM
I actually care very little for the market top in the coming months. Id be interested in you fellas predictions of market correction bottoms.  2018 we saw 3k bottom. Will we see a multi year bear cycle?

Im going with 50-60k support and a shortening 'bear cycle'.

Either way I keep accumulating weekly, one trade ill be making is out of ltc and into 80/20 btc  and cash.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Notomorrow on October 04, 2021, 05:41:30 PM
Just curious, for crypto I have all my money in Bitcoin so it used to read in the asset allocation on Coinbase, 100% of my crypto assets in Bitcoin. Now the number varies day to day from 99.92% to 99.7% although 100% of my crypto investment money on Coinbase is in Bitcoin. How is this happening? The financial totals and the amount of Bitcoin I own reads the same, but the asset allocation changes these minor decimals now. Is Coinbase, Bitcoin, or some other entity beginning to use crypto investors money for it's own financial transactions, making it a bit of a fiat currency but figuring that as long as the totals are the same the investor won't notice? Or is it just some random fluctuation or new charge from Coinbase? Sorry if it's a stupid question
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 05, 2021, 01:26:35 AM
Quote from: Notomorrow on October 04, 2021, 05:41:30 PM
Just curious, for crypto I have all my money in Bitcoin so it used to read in the asset allocation on Coinbase, 100% of my crypto assets in Bitcoin. Now the number varies day to day from 99.92% to 99.7% although 100% of my crypto investment money on Coinbase is in Bitcoin. How is this happening? The financial totals and the amount of Bitcoin I own reads the same, but the asset allocation changes these minor decimals now. Is Coinbase, Bitcoin, or some other entity beginning to use crypto investors money for it's own financial transactions, making it a bit of a fiat currency but figuring that as long as the totals are the same the investor won't notice? Or is it just some random fluctuation or new charge from Coinbase? Sorry if it's a stupid question

If it’s 100% in BtC then it’s always 100% and doesn’t change. If it changes, we’ll that’s why you don’t use Coinbase. They fucked over heaps of holders in the past.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 05, 2021, 02:00:18 AM
Quote from: Theoak* on October 03, 2021, 09:36:46 PM
I actually care very little for the market top in the coming months. Id be interested in you fellas predictions of market correction bottoms.  2018 we saw 3k bottom. Will we see a multi year bear cycle?

Im going with 50-60k support and a shortening 'bear cycle'.

Either way I keep accumulating weekly, one trade ill be making is out of ltc and into 80/20 btc  and cash.

So I’m bullish for a couple of months.

My argument for the bottom being in is this. The 75% historic bottom number from a top comes from a parabolic peak. No parabolic peak = no 75% drop. Someone cannot climb halfway up Mt Everest and yet descend the entire top to bottom. Makes sense yes?

The peak ‘should’ have been 130k parabolic meaning 32.5k bottom @ 75%. Instead we got 65k which is halfway. If we apply the 75% we get 16k but because the peak was at a halfway point we need to double the bottom value which gets us to 32k. The same as if it had gone parabolic :D


Go back a few months and I posted to expect the debt ceiling to freeze and become an issue along with no senate approval for stimulus packages. This is going to play out mid October. You want to know what else is freaky? We are lagging 11-15 days vs 2013 Bitcoin price behaviour which falls in this exact time space.

Ive already said I expect a crash in Mid Oct but we know 100% in the past the US has always raised the debt ceiling. So I think we have a nice wick to 38k and then travel upwards towards the end of the year.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 05, 2021, 02:54:34 PM
This looks like a pump before a dump. Price is going up on no volume. I had a 35K bottom a while back, but I'll start buying my alt collection if/when btc drops to 40k.

The potential black swan event looks more like FUD to prepare everyone for a slow death. I think all the markets bleed until at least January, apart from crypto. If that's the case and it means more people fomo their money into crypto then we might see some ridiculous prices. 150K BTC is a possibility.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on October 05, 2021, 03:49:45 PM
Quote from: Flexacon on October 05, 2021, 02:54:34 PM
This looks like a pump before a dump. Price is going up on no volume. I had a 35K bottom a while back, but I'll start buying my alt collection if/when btc drops to 40k.

The potential black swan event looks more like FUD to prepare everyone for a slow death. I think all the markets bleed until at least January, apart from crypto. If that's the case and it means more people fomo their money into crypto then we might see some ridiculous prices. 150K BTC is a possibility.

Would be glorious for a some of us.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on October 06, 2021, 11:42:45 AM
BTC $ 55,178.93
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 06, 2021, 11:43:26 AM
Quote from: FitnessFrenzy on October 06, 2021, 11:42:45 AM
BTC $ 55,178.93

Yeah boi !!!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on October 06, 2021, 12:51:11 PM
ETH will be breaking ATH's soon at this rate.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 06, 2021, 07:59:43 PM
Quote from: polychronopolous on July 27, 2021, 10:01:49 PM
Just for the hell of it, I am going to go ahead and respond to this post when Bitcoin hits 55k.

I will remain completely out of the picture folks.

No stressing over the charts. No hyping up the latest scam coin.

I will simply show you how easy it is to make money with this revolutionary new technology.

Hard cap of 21 million. Decentralization. Supply cut in half every 4 years.

This is what matters to me as a long term investor of Bitcoin.

(https://diycandy.com/wp-content/uploads/2016/05/gone-fishing-sign-diy-e1464489064786-720x540.jpg)

He was right. Lots of graph analysis and circle-jerking, In the meantime HODL produced 55,000 lol :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 06, 2021, 08:02:33 PM
Quote from: gib on July 28, 2021, 01:06:23 AM
See you at 55K!

...And I'm back!

So what did I miss guys? Executive summary please. :)

PS - there is a HODL Sats to 100K movement underway that started a few days ago starting to gain traction, the theory being that if we all collectively hodl and don't give in to any "trade" prices will inevitably rise provided there is continued demand. Anyone pledged up to this? I'm happy to do my part, both to HODL and to promoted this to others to join.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 07, 2021, 12:14:19 AM
Quote from: gib on October 06, 2021, 07:59:43 PM
He was right. Lots of graph analysis and circle-jerking, In the meantime HODL produced 55,000 lol :)

Only a Bitcoin maxi would brag about a 15% loss from all time highs while alt coins boomed :)

Still another liquidation event inbound before we have the final push up. FOMO begins at 64k, I’d really love a 130k BtC in December.

I’m not going to sell my BTC for a while. I’ll HoDL with you mate ;)

If you love HoDL so much, why not invest in an actual HoDL coin built around proof of wait instead of proof of work? Have you seen what a true HoDL structure does?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 07, 2021, 03:13:17 AM
You mean like HEX? There are many interesting ideas out there. I'm keeping it simple.

OK - lets hodl together. :) 100K here we come!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: 2020 Olympia on October 09, 2021, 09:47:48 AM
So... should I buy a new BMW 3 series or 1 bitcoin? 🤔
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 09, 2021, 03:00:49 PM
Quote from: 2020 Olympia on October 09, 2021, 09:47:48 AM
So... should I buy a new BMW 3 series or 1 bitcoin? 🤔

You buy both retard!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 09, 2021, 03:50:49 PM
Quote from: 2020 Olympia on October 09, 2021, 09:47:48 AM
So... should I buy a new BMW 3 series or 1 bitcoin? 🤔

Granted I am spoiled with cars but mid range always seemed pointless to me. Buying mid range cars makes me feel too poor to afford top range and too retarded to buy entry level.

buy the outliers.

Case in point I went from an M5 to an entry level Ute. If you want a 3 series, buy the M3 competition or buy something low end.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on October 09, 2021, 04:01:09 PM
Quote from: 2020 Olympia on October 09, 2021, 09:47:48 AM
So... should I buy a new BMW 3 series or 1 bitcoin? 🤔

Buy a bitcoin then lambo
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 09, 2021, 05:45:39 PM
Quote from: gib on October 07, 2021, 03:13:17 AM
You mean like HEX? There are many interesting ideas out there. I'm keeping it simple.

OK - lets hodl together. :) 100K here we come!
Yep I agree. Let's all HODL Apes. Apes strong together!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 09, 2021, 06:17:55 PM
Quote from: obsidian on October 09, 2021, 05:45:39 PM
Yep I agree. Let's all HODL Apes. Apes strong together!

Have you DRSed?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 10, 2021, 09:54:46 PM
Quote from: gib on October 07, 2021, 03:13:17 AM
OK - lets hodl together. :) 100K here we come!

Bears simply getting wrecked at the moment with a breakout to 56.5k.

Im eyeing a break above the previous ATH around the 4th-8th November.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 10, 2021, 10:08:52 PM
Quote from: Flexacon on October 09, 2021, 06:17:55 PM
Have you DRSed?
What does that mean?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on October 11, 2021, 07:57:39 AM
Quote from: gib on October 06, 2021, 07:59:43 PM
He was right. Lots of graph analysis and circle-jerking, In the meantime HODL produced 55,000 lol :)

There is this "aha moment" you have when you've spent enough time going down the Bitcoin rabbit hole.

Once you truly grasp the fundamentals of it and understand it's awesome store of value characteristics.

Upon reaching this level you realize that all you have to do is kick back and "watch number go up"

If astrology, er, chart analysis is your thing then by all means, please feel free to do so.

Myself? I would rather be down at the creek bank catching channel catfish, grilling t-bone steaks and enjoying life.

And gib you know perfectly that we could just as easily set another arbitrary price of 60, 70 or 80k and it eventually would arrive at that number as well!

All we have to do is kick back and watch while this once in a millennia invention does exactly what it was designed to do...go up and to the right forever.

And to the rest of my fellow getbiggers following this thread...I just want to say that I adore you all so much and I am just so very happy to be among your presence again  :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 11, 2021, 09:56:51 PM
Quote from: polychronopolous on October 11, 2021, 07:57:39 AM
There is this "aha moment" you have when you've spent enough time going down the Bitcoin rabbit hole.

Once you truly grasp the fundamentals of it and understand it's awesome store of value characteristics.

Upon reaching this level you realize that all you have to do is kick back and "watch number go up"

If astrology, er, chart analysis is your thing then by all means, please feel free to do so.

Myself? I would rather be down at the creek bank catching channel catfish, grilling t-bone steaks and enjoying life.

And gib you know perfectly that we could just as easily set another arbitrary price of 60, 70 or 80k and it eventually would arrive at that number as well!

All we have to do is kick back and watch while this once in a millennia invention does exactly what it was designed to do...go up and to the right forever.

And to the rest of my fellow getbiggers following this thread...I just want to say that I adore you all so much and I am just so very happy to be among your presence again  :)

Good to see you guys back in the thread again!

2022 going to be an interesting year.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 11, 2021, 10:53:43 PM
Quote from: polychronopolous on October 11, 2021, 07:57:39 AM
to the rest of my fellow getbiggers following this thread...I just want to say that I adore you all so much and I am just so very happy to be among your presence again  :)

Awww... :) Does that even include love to our dear Mr Anabolic, who provided so much fodder for discussion as we tried to assist him on his journey to acceptance? :)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IRON CROSS on October 11, 2021, 11:46:23 PM
Quote from: gib on October 11, 2021, 10:53:43 PM
Awww... :) Does that even include love to our dear Mr Anabolic, who provided so much fodder for discussion as we tried to assist him on his journey to acceptance? :)

gib is still alive , china flu didn't snatch him ..............

how is Western Aussie gold mine operating ............
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 12, 2021, 02:25:27 AM
Quote from: IRON CROSS on October 11, 2021, 11:46:23 PM
gib is still alive , china flu didn't snatch him ..............

how is Western Aussie gold mine operating ............

Gold mine continues to make money and production is far below market value. We also set up a subsidiary focused on Lithium which is hot right now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on October 12, 2021, 07:38:18 AM
Just stopping by to see if you folks are making money with the Bitcoin.

Are you?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on October 12, 2021, 07:44:07 AM
Quote from: gib on October 11, 2021, 10:53:43 PM
Awww... :) Does that even include love to our dear Mr Anabolic, who provided so much fodder for discussion as we tried to assist him on his journey to acceptance? :)

Legend has it he checked into the local mental ward once BTC hit 50k and he was never seen or heard from again  :D

On a cool autumn night they say you can still hear him cursing gib and those damn blipcoins.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on October 12, 2021, 10:00:39 AM
Quote from: IroNat on October 12, 2021, 07:38:18 AM
Just stopping by to see if you folks are making money with the Bitcoin.

Are you?
They still think they are.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on October 12, 2021, 11:14:04 AM
Quote from: Humble Narcissist on October 12, 2021, 10:00:39 AM
They still think they are.

How aren't they?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on October 12, 2021, 11:28:58 AM
Quote from: Grape Ape on October 12, 2021, 11:14:04 AM
How aren't they?

I don't know.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 12, 2021, 11:44:30 AM
Quote from: Grape Ape on October 12, 2021, 11:14:04 AM
How aren't they?

If he knew, he'd be making money too.

Meanwhile the rest of us in this thread are busy arguing over whose way is the better way of making money.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on October 12, 2021, 11:47:12 AM
Quote from: Flexacon on October 12, 2021, 11:44:30 AM
If he knew, he'd be making money too.

Meanwhile the rest of us in this thread are busy arguing over whose way is the better way of making money.
Haha, you guys are delusional.  Who on Getbig has cashed out their craptocurrency and made millions?  Not one person.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 12, 2021, 11:59:59 AM
Quote from: Humble Narcissist on October 12, 2021, 11:47:12 AM
Haha, you guys are delusional.  Who on Getbig has cashed out their craptocurrency and made millions?  Not one person.

I cashed out with x40 my original investment. Went back "all in" and increased it by 40%. I don't work any more btw because I don't need to. I also live in one of the most expensive cities in the world, so you do the maths.. I'll add to that I actually got into crypto pretty late and missed the most profitable years.

Few months back there was maybe 5 pages of bickering on if this type of strategy was the best way of doing things or not.

I'm still debating how big I'll go back in (if at all) If you want I'll tell you what to buy and when. I'll throw in a guarantee that if you lose money I'll cover your losses up to $1k and any profit we split 50/50
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on October 12, 2021, 12:19:46 PM
Quote from: Flexacon on October 12, 2021, 11:59:59 AM
I cashed out with x40 my original investment. Went back "all in" and increased it by 40%. I don't work any more btw because I don't need to. I also live in one of the most expensive cities in the world, so you do the maths.. I'll add to that I actually got into crypto pretty late and missed the most profitable years.

Few months back there was maybe 5 pages of bickering on if this type of strategy was the best way of doing things or not.

I'm still debating how big I'll go back in (if at all) If you want I'll tell you what to buy and when. I'll throw in a guarantee that if you lose money I'll cover your losses up to $1k and any profit we split 50/50

I'd like to see this.  Don't need losses covered or anything.

I passed on ETH at 1700 (posted on it here) and that screwed me up.  I figured it would dip again, but now I'm unsure...I just hate buying near a high.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 12, 2021, 01:10:55 PM
Quote from: Grape Ape on October 12, 2021, 12:19:46 PM
I'd like to see this.  Don't need losses covered or anything.

I passed on ETH at 1700 (posted on it here) and that screwed me up.  I figured it would dip again, but now I'm unsure...I just hate buying near a high.

Buy and Hodl  ;D




I'm waiting for the current BTC dump to play out. Ideally it will be slow and take a couple of weeks and then I'll buy some alts.

If BTC bounces straight back up in a big way then it's also time to buy alts as it's unlikely you'll get them much cheaper before a cycle top.

Just remember a month ago ETH was at 4k and BTC was at 53k. Yesterday ETH was 3.6K and BTC 58K. Bitcoin has pumped ETH (and most Alts) haven't. 

Basically next BTC bull run = buy ALTs.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on October 12, 2021, 01:18:37 PM
Quote from: Flexacon on October 12, 2021, 01:10:55 PM
Buy and Hodl  ;D




I'm waiting for the current BTC dump to play out. Ideally it will be slow and take a couple of weeks and then I'll buy some alts.

If BTC bounces straight back up in a big way then it's also time to buy alts as it's unlikely you'll get them much cheaper before a cycle top.

Just remember a month ago ETH was at 4k and BTC was at 53k. Yesterday ETH was 3.6K and BTC 58K. Bitcoin has pumped ETH (and most Alts) haven't. 

Basically next BTC bull run = buy ALTs.

Which Alts, or just diversify?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 12, 2021, 02:32:45 PM
Quote from: Flexacon on October 12, 2021, 01:10:55 PM

Basically next BTC bull run = buy ALTs.

Absolutely.

BTC is overextended at the moment and a pullback to 44k-48k range is on the cards.

Timewise my window guide for a pullback was 11th-15th Oct.

BTC to 130k early next year, ETH 12k, alts parabolic.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 13, 2021, 06:53:15 AM
Quote from: Grape Ape on October 12, 2021, 01:18:37 PM
Which Alts, or just diversify?

Go with whatever coins you like and are comfortable holding long term. Buy in with the mentally that catching a new cycle top and taking some easy profit as a nice bonus if it happens, but long term holding is the default.

IMO crypto is close to ripping and going on bull run to a new cycle peak. The only thing that could potentially hold it back is a huge financial crash.

S&P 500 could drop up to 50% from its peak over the next few months. I've shorted it and plan on going long crypto (alts). That's my hedge. The retard in me is also hoping both plays come off simultaneously.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on October 13, 2021, 07:04:44 AM
Quote from: Flexacon on October 13, 2021, 06:53:15 AM
Go with whatever coins you like and are comfortable holding long term. Buy in with the mentally that catching a new cycle top and taking some easy profit as a nice bonus if it happens, but long term holding is the default.

IMO crypto is close to ripping and going on bull run to a new cycle peak. The only thing that could potentially hold it back is a huge financial crash.

S&P 500 could drop up to 50% from its peak over the next few months. I've shorted it and plan on going long crypto (alts). That's my hedge. The retard in me is also hoping both plays come off simultaneously.

Thanks man.

I thought (maybe incorrectly) that the alt coins were mostly pump and dump, driven by youtube video hype and whatnot, and that holding would be counter to that.

Guess I have to research a bit more.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 14, 2021, 08:26:35 AM
I've said it many times - stack sats. Hodl. That's all you need to do.

Imagine if Mr Anabolic had done this, as opposed to all his incessant FUD nonsense since we first started discussing this topic...

Any one who has no coins now -  you still have a chance to become a one-coiner, which in the future will be a major social distinguisher for generations to come (much like an English Lord who happened to have property passed down via generations over the last 600+ years).

If you believe BTC will, over time, keep increasing in value in fiat money (or put another way, if you believe fiat money will keep being printed and debased relative to the fixed supply of Sats) then you better acquire Sats now, and the more the better, and then just hodl.

We are about to see 1 Billion indians adopt. Watch this space next few years - as usual you heard it from me first.


 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on October 14, 2021, 09:24:15 PM
Mayday's house in the country once ETH hits 20k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 14, 2021, 11:15:50 PM
Quote from: Theoak* on October 14, 2021, 09:24:15 PM
Mayday's house in the country once ETH hits 20k.

LoL my car days are done my friend.

Honestly people at shops treat shitters with more respect. I used to live in the bankers belt, nice cars, nice people, lots of wealth. I swear it’s the worst treated car spot in the country.


To reference back to crypto I’m pondering this sharemarket chart which suggests a very large correction early-mid 2022. If that proves to be correct then it needs a trigger which could be crypto as Burry predicts. So while I still think a 130k is likely, if for some reason things go spastic and we hit a 200k-300k we might sees dramatic pullback with contagion into the sharemarket.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 15, 2021, 02:17:29 AM
Quote from: Mr Anabolic on September 04, 2017, 06:07:13 AM

Bitcoin devotees always revert to the "you don't understand it" line.  Yes, I DO understand it perfectly, this is why I would never buy it. 

Regarding gold and silver:  Silver has much more upside potential at it's current price.  I own lots of both.

 :-[
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 15, 2021, 02:23:43 AM
Quote from: Mr Anabolic on September 07, 2017, 05:22:53 PM

Gold and silver (a historical storage of wealth, value and it maintains your purchasing power) is very, very undervalued (priced in dollars) at this point in time.

It's a no brainer... gold and silver (especially) are THE asset to be holding at this point in time.  There is no other place to go right now...

 :-[
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 15, 2021, 02:29:25 AM
Mr Anabolic...

Time is a valuable thing
Watch it fly by as the pendulum swings
Watch it count down to the end of the day
The clock ticks life away
It's so unreal
Didn't look out below
Watch the time go right out the window
Tryin' to hold on, you didn't even know
Wasted it all just to watch you go
Kept everything inside and even though I tried
It all fell apart
What it meant to me will eventually
Be a memory of a time when I tried so hard

I tried so hard and got so far
But in the end it doesn't even matter

One thing, I don't know why
It doesn't even matter how hard you try
Keep that in mind, I designed this rhyme
To remind myself how I tried so hard
In spite of the way you were mockin' me
Acting like I was part of your property
Remembering all the times you fought with me
I'm surprised it got so far
Things aren't the way they were before
You wouldn't even recognize me anymore
Not that you knew me back then
But it all comes back to you in the end
You kept everything inside and even though I tried
It all fell apart
What it meant to me will eventually
Be a memory of a time when I tried so hard ...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 15, 2021, 03:04:31 AM
Quote from: Humble Narcissist on October 12, 2021, 11:47:12 AM
Haha, you guys are delusional.  Who on Getbig has cashed out their craptocurrency and made millions?  Not one person.

I think I have answered this for you several times over the past few years, and you seem not to have listened to me.

So, again ...I know a number of people who have indeed sold, and converted to Sats cash. Some have sold BTC in the over million USD range over short periods of time (the reason being dollar cost averaging), Tesla sold over 100m in one pop a while back, remember?

I know numerous exchanges which will allow up to 10m USD to be "cashed out" in a single day (with the money actually being sent to a specified bank account) for accredited customers.

I also personally know a person who sold a house entirely for BTC (approx USD 500K at that time), when BTC was around the 35K mark...

You still seem to fail to accept reality. Skepticism is a useful quality to have, until is becomes harmful by making you closed-minded and obstinate. Do not let what happened to Mr Anabolic happen to you. You still have the possibility of becoming a whole-coiner in reach. Don't blow it. Its all laid out for you in this thread my lion friend.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on October 15, 2021, 03:23:54 AM
Quote from: gib on October 15, 2021, 03:04:31 AM
I think I have answered this for you several times over the past few years, and you seem not to have listened to me.

So, again ...I know a number of people who have indeed sold, and converted to Sats cash. Some have sold BTC in the over million USD range over short periods of time (the reason being dollar cost averaging), Tesla sold over 100m in one pop a while back, remember?

I know numerous exchanges which will allow up to 10m USD to be "cashed out" in a single day (with the money actually being sent to a specified bank account) for accredited customers.

I also personally know a person who sold a house entirely for BTC (approx USD 500K at that time), when BTC was around the 35K mark...

You still seem to fail to accept reality. Skepticism is a useful quality to have, until is becomes harmful by making you closed-minded and obstinate. Do not let what happened to Mr Anabolic happen to you. You still have the possibility of becoming a whole-coiner in reach. Don't blow it. Its all laid out for you in this thread my lion friend.
So, you know people who have sold and made loads of actual money but you haven't?  That seems to be the way it is with everyone.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on October 15, 2021, 04:23:47 AM
btc $ 59,439.67 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on October 15, 2021, 06:09:31 AM
Quote from: Humble Narcissist on October 15, 2021, 03:23:54 AM
So, you know people who have sold and made loads of actual money but you haven't?  That seems to be the way it is with everyone.


What a fool I am for holding on for this long!

I should have listened to investment geniuses like this guy ^^ and sold at 5k or 10k and "made boat loads of money"   ::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on October 15, 2021, 06:59:24 AM
Gentlemen,

Let's put aside BITCOIN for a minute and instead begin to speculate as to which cryptocurrencies will lead the way into the Metaverse.

There's a lot of talk on Wall Street at the present moment regarding which cryptos are wise investments for this.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on October 15, 2021, 07:34:21 AM
Quote from: OneMoreRep on October 15, 2021, 06:59:24 AM
Gentlemen,

Let's put aside BITCOIN for a minute and instead begin to speculate as to which cryptocurrencies will lead the way into the Metaverse.

There's a lot of talk on Wall Street at the present moment regarding which cryptos are wise investments for this.

"1"

Keep an eye out for Marathon Digital Holdings(stock symbol MARA) and Hut 8 Mining Corp (stock symbol HUT). The first is based in the United States and the latter in Canada.

In the famous analogy of the mining rushes of the mid-1800s, Bitcoin is the gold but I suspect we will see more and more people investing into the "picks and shovels" sphere. Digital mining companies give you this sort of exposure. Plus these are 2 of the biggest in their respective countries so you also get that blue chip pedigree.

Both of these companies give you that PLUS they hold, rather than sell, the vast majority of the Bitcoin they mine, which is a BRILLIANT business move.

I put in a significant buy on both not too long ago and I expect both to be extremely profitable for years and years to come.

Just put those 2 companies in your mental rolodex.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on October 15, 2021, 09:17:27 AM
Quote from: polychronopolous on October 15, 2021, 07:34:21 AM
Keep an eye out for Marathon Digital Holdings(stock symbol MARA) and Hut 8 Mining Corp (stock symbol HUT). The first is based in the United States and the latter in Canada.

In the famous analogy of the mining rushes of the mid-1800s, Bitcoin is the gold but I suspect we will see more and more people investing into the "picks and shovels" sphere. Digital mining companies give you this sort of exposure. Plus these are 2 of the biggest in their respective countries so you also get that blue chip pedigree.

Both of these companies give you that PLUS they hold, rather than sell, the vast majority of the Bitcoin they mine, which is a BRILLIANT business move.

I put in a significant buy on both not too long ago and I expect both to be extremely profitable for years and years to come.

Just put those 2 companies in your mental rolodex.

I'll look into both. There has been mention of inclusion into the Metaverse? There are some like Axie Infinity, but I prefer lower barriers to entry via price point.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 15, 2021, 10:20:58 PM
Quote from: gib on November 22, 2020, 06:00:23 PM
Mr A, it warms my heart that after calling Bitcoin a bubble/ponzi scheme and advising people NOT TO BUY back in November 13, 2013, 05:1:42 PM when BTC was $381 per coin (and continuously like a broken record since then), that you are now expressing the view that Bitcoin will go higher and that we are not at the peak yet. What a turn around! We are making some good progress with you.

However, what you have done is the equivalent of making a kind of "half apology". If you are wrong, just man up, admit it, like JP Morgan, one of the world's most respected investment banks recently did:

https://www.zerohedge.com/crypto/jpmorgan-admits-it-was-wrong-about-end-bitcoin-bull-run-renews-140000-plus-price-forecast?

You have in the past been both small-minded, arrogant, closed-minded, conceited, stubborn, bigoted, pig-headed and obstinate in your refusal to accept reality, and until recently you simply continued over and over with attempts to produce "false objections" with regard to the validity of Bitcoin.

It is correct, that fear and greed can be key reasons that people lose money. And yet you have not learned your own lesson here, which is that your fear (which may have been a good trait in your investment background to date) is also exactly what caused you to make huge losses on the value of your cash as compared to the value of BTC over the last 7 years. I am sure, if you could turn back time, that you wished you would invested in BTC back when you claimed it was a bubble in 2013. Just like you will be wishing you had done so by buying now at 18K, when we are in the year 2030 (and you KNOW IT).

With regard to "fear" you have exemplified with your "self-bargaining" how much idiocy and misunderstanding exists which puts people off buying BTC, which over time will be demystified due to larger institutions legitimizing BTC. And this fear (and ignorance by the masses) is indeed one reason why we can have so much confidence that there is so much huge upside potential ahead. Some of your nonsense on your self bargaining has included:

-People can hack an exchange so its not safe.
-BTC is only used by bad people.
-The Government will shut it down.
-Its not "real" as to opposed to gold which is.
-Its not easy to buy it.
-It only has a short period of history.
-There is no limit on supply and can be infinitely produced.
-A FedCoin will lead to reduced demand for BTC.
-Transaction speed is too slow for mass adoption.
-The price is too volatile.
-Its not typically used to purchase things.
-It will be taxed.
-Its not anonymous.

And my absolute favorite:

-BTC disappears "when the electricity is turned off".

and on and on the nonsense goes.

A respectful and more dignified approach for an older person such as yourself, would have been to have a more open and enquiring mind, and to ask about these topics and then have someone explain them to you. What you instead did was to make these potential objections as statements of fact, which then resulted you looking stupid when they were debunked. That in turn provoked you to take an aggressive and hostile stance (name-calling, making deceitful misquotes of others, etc), which actually did nothing to address the substance of the objections you raised.

You do have the opportunity to change your stance. Ultimately that is part of the purpose of the discussion here. For us to help each other.

Let me conclude by asking you this. As you now think Bitcoin will go higher, given all your great skills of trading options and futures etc, please tell now us how much higher you think Bitcoin will now go? :) Oh and while you are at it, please also tell us whether you believe gold will outperform BTC in 2020, and well as over the next 5 years. Thank you.

And so, as we are on the cusp of seeing yet another HUGE STEP in the legitimization of Bitcoin, I am reminded of the quote above.

The metaphorical story of Mr Anabolic is a good story and lesson for us all. Many of us when to great lengths to help a fellow get-bigger out. And that is maybe the saddest part of this whole chapter of GetBig history. We got him so so close to seeing the light, yet he stubbornly refused to take that final step (both out of pride, and due to his pig-headedness.

The good thing is, for all the Mr A's and no-coiners out there, is that there is still PLENTY OF TIME to get on board. Indeed we all as individuals, have the ability this weekend to front-run all the institutional money that will flow in Monday onwards via SEC approved ETFs.

Becoming a whole-coiner is still in reach for many of us in 1st world countries. So whilst we will see over time Billions of Indians, Asians, Latin-Americans etc toiling away for Sats, (with becoming a whole-coiner a far away and basically unachievable dream), we can ourselves "lock in" our place in what will be an increasingly competitive and wealth disparity world.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on October 15, 2021, 11:11:30 PM
BTC $ 62,145.17
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on October 15, 2021, 11:44:44 PM
Pulsechain is the next big thing, watch out for the next 2 months
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on October 16, 2021, 12:50:57 AM
Quote from: Army of One on October 15, 2021, 11:44:44 PM
Pulsechain is the next big thing, watch out for the next 2 months

I don't own any crypto, but I am very excited to see how pulse turns out.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 16, 2021, 02:28:53 AM
Quote from: Army of One on October 15, 2021, 11:44:44 PM
Pulsechain is the next big thing, watch out for the next 2 months

Alts will come and go. Almost all fade to nothing over time...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on October 16, 2021, 02:34:42 AM
Quote from: gib on October 16, 2021, 02:28:53 AM
Alts will come and go. Almost all fade to nothing over time...

Not big layer 1s, the future is defi that they will run on.The whole ethereum ecosystem is going to be cloned on Pulse, it runs 4x faster, and uses proof of stake so eth transactions that cost 100s of dollars on eth because of miners will be pennies.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 16, 2021, 10:10:39 AM
Quote from: OneMoreRep on October 15, 2021, 09:17:27 AM
I'll look into both. There has been mention of inclusion into the Metaverse? There are some like Axie Infinity, but I prefer lower barriers to entry via price point.

"1"

They are bitcoin mining stocks. Nothing to do with the metaverse.

Metaverse = NFTs = ETH

Vitamin Buterin on NFTs https://twitter.com/VitalikButerin/status/1435413681588736007

We need to move NFTs onto the layer 2 ecosystem to cut fees. However, doing that *right* requires good cross-rollup portability standards, so the ecosystem can avoid getting locked into one particular L2.

Buy layer 2 crypto solutions and ETH if you believe in the metaverse but are unsure where you should park your money.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 16, 2021, 10:17:25 AM
Quote from: Army of One on October 16, 2021, 02:34:42 AM
Not big layer 1s, the future is defi that they will run on.The whole ethereum ecosystem is going to be cloned on Pulse, it runs 4x faster, and uses proof of stake so eth transactions that cost 100s of dollars on eth because of miners will be pennies.

Doesn't matter if there is successful merge and ETH 2.0 arrives. You'll end bag holding on Pulse, or worse rug pulled.

It's still worth putting some money in though because the risk/reward is very favourable and Eth2.0 could still be years away. Also if it does end op being a rug pull you probably wanna get in early..

On the subject of Richard Heart. This is a great quote I found recently @Humble Narcissist

"In crypto, really stupid people buy for the wrong reasons, really smart people buy for the right reasons, they both get rich. The "thinks they're smart" but actually isn't, doesn't buy, for "reasons." and they cry and yell while they watch the far left and right of the intelligence bell curve make live changing wealth, while they're left behind."
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on October 16, 2021, 03:50:19 PM
Quote from: Flexacon on October 16, 2021, 10:17:25 AM
Doesn't matter if there is successful merge and ETH 2.0 arrives. You'll end bag holding on Pulse, or worse rug pulled.

It's still worth putting some money in though because the risk/reward is very favourable and Eth2.0 could still be years away. Also if it does end op being a rug pull you probably wanna get in early..

On the subject of Richard Heart. This is a great quote I found recently @Humble Narcissist

"In crypto, really stupid people buy for the wrong reasons, really smart people buy for the right reasons, they both get rich. The "thinks they're smart" but actually isn't, doesn't buy, for "reasons." and they cry and yell while they watch the far left and right of the intelligence bell curve make live changing wealth, while they're left behind."

Its well known midwits tend to fud themselves out of buys whereas the opposite ends of the bell curves do not, for different reasons.

There is room for multiple layer 1s, Pulse will have Rchard Heart who can reach audiences Vitalik can only dream of, and has a cult behind him like no other in crypto.At a certain point marketing is everything when products are so similar.Also successful eth 2.0 wont be coming for months or years yet.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 16, 2021, 05:27:55 PM
Quote from: Army of One on October 16, 2021, 03:50:19 PM
Its well known midwits tend to fud themselves out of buys whereas the opposite ends of the bell curves do not, for different reasons.

There is room for multiple layer 1s, Pulse will have Rchard Heart who can reach audiences Vitalik can only dream of, and has a cult behind him like no other in crypto.At a certain point marketing is everything when products are so similar.Also successful eth 2.0 wont be coming for months or years yet.

Vitalik in turn can and has attracted developers and institutions that Richard Heart can only dream.

Also much like with Ripple/XRP don't be surprised if Hearts projects are "stalled" for some BS reason if someone wants it that way.

Anyway this is one of those occasions where it helps to be on the far left of intelligence bell curve. Buy both (stake if possible) and you'll  be in the money on both plays. No need to over think this.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IronMagazine.com on October 16, 2021, 06:28:45 PM
All I know is I am making a killing on Bitcoin and I laugh at all of the so called "experts" that say it's worthless. lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on October 16, 2021, 07:04:32 PM
Quote from: Flexacon on October 16, 2021, 05:27:55 PM
Vitalik in turn can and has attracted developers and institutions that Richard Heart can only dream.

Also much like with Ripple/XRP don't be surprised if Hearts projects are "stalled" for some BS reason if someone wants it that way.

Anyway this is one of those occasions where it helps to be on the far left of intelligence bell curve. Buy both (stake if possible) and you'll  be in the money on both plays. No need to over think this.

Can you name me the institutions using eth?Eth was basically the only game in town until the last 2 years so devs had no choice but to use it and put up with the shitty gas fees crippling their projects.Pulse isnt even out yet, so all he can do at this point is dream about its adoption by devs at launch.Money and public influence talk, and at this point Heart has more of both than Vitalik.Devs will follow the money and where public sentiment goes.Once crypto truly hits mainstream the you want a charasmatic genius as your frontman, not just a genius.See Elon Musk.And there is no stalling, testnet is already up and running.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 16, 2021, 10:27:19 PM
Quote from: Army of One on October 16, 2021, 07:04:32 PM
Can you name me the institutions using eth?Eth was basically the only game in town until the last 2 years so devs had no choice but to use it and put up with the shitty gas fees crippling their projects.Pulse isnt even out yet, so all he can do at this point is dream about its adoption by devs at launch.Money and public influence talk, and at this point Heart has more of both than Vitalik.Devs will follow the money and where public sentiment goes.Once crypto truly hits mainstream the you want a charasmatic genius as your frontman, not just a genius.See Elon Musk.And there is no stalling, testnet is already up and running.

So pulsechain is gonna be great because you have a man crush on Richard Heart. Got it.

That also explains why your space bar seems a bit sticky..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 16, 2021, 10:35:31 PM
Quote from: Army of One on October 16, 2021, 03:50:19 PM
Its well known midwits tend to fud themselves out of buys whereas the opposite ends of the bell curves do not.

Both ends of the spectrum can filter out noise.

Mid level cannot filter noise.

Both ends of the spectrum can also filter out emotion. The super smart often appear cold hearted and the super dumb often appear ignorant/stubborn.

Mid tier is an emotional rollercoaster.

Quote from: Army of One on October 16, 2021, 07:04:32 PM
Money and public influence talk, and at this point Heart has more of both than Vitalik.Devs will follow the money and where public sentiment goes.Once crypto truly hits mainstream the you want a charasmatic genius as your frontman, not just a genius.See Elon Musk.And there is no stalling, testnet is already up and running.

Pulse is simple odds. The crypto space today is 2T. By the time Pulse launches the crypto space will be 8T+.

eHEX did 10,000x in 2 years.

pHEX will probably do 10,000x in 2 years and that's a fair thing to say because the space will be 4 times larger than it is today and growing quicker dollar wise. Given the eHEX returns have been so good, why wouldn't the exact same people do it with pHEX?

Pulse will do at least a 1,000x over 4yrs as there is going to be some kind of influence on the price.


We have HEX which is there in black and white and people say it's sketchy. Meanwhile ADA is supported by pure marketing hype and has no real projects yet people think it's solid.

People prefer to believe in pipe dreams.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on October 16, 2021, 10:56:55 PM
Quote from: Flexacon on October 16, 2021, 10:27:19 PM
So pulsechain is gonna be great because you have a man crush on Richard Heart. Got it.

That also explains why your space bar seems a bit sticky..

Nice submission.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on October 16, 2021, 11:03:40 PM
Quote from: Mayday on October 16, 2021, 10:35:31 PM
Both ends of the spectrum can filter out noise.

Mid level cannot filter noise.

Both ends of the spectrum can also filter out emotion. The super smart often appear cold hearted and the super dumb often appear ignorant/stubborn.

Mid tier is an emotional rollercoaster.

Pulse is simple odds. The crypto space today is 2T. By the time Pulse launches the crypto space will be 8T+.

eHEX did 10,000x in 2 years.

pHEX will probably do 10,000x in 2 years and that's a fair thing to say because the space will be 4 times larger than it is today and growing quicker dollar wise. Given the eHEX returns have been so good, why wouldn't the exact same people do it with pHEX?

Pulse will do at least a 1,000x over 4yrs as there is going to be some kind of influence on the price.


We have HEX which is there in black and white and people say it's sketchy. Meanwhile ADA is supported by pure marketing hype and has no real projects yet people think it's solid.

People prefer to believe in pipe dreams.

PHex is expected to reach price parity with Ehex almost immediately., Everyones play is to buy it the second the eth bridge opens to pulse, or they can sell their sacrificed Pulse for it.

Ada just shows what you can do with marketing.Its soley at the marketcap it is now due to Hoskinson having a way with words and being a great speaker..As you know in the real world its a joke and it sounds like for many things the computation will have to be done offchain as it struggles to even run smart contracts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 16, 2021, 11:07:59 PM
Quote from: Army of One on October 16, 2021, 03:50:19 PM
Its well known midwits tend to fud themselves out of buys whereas the opposite ends of the bell curves do not, for different reasons.

There is room for multiple layer 1s, Pulse will have Rchard Heart who can reach audiences Vitalik can only dream of, and has a cult behind him like no other in crypto.At a certain point marketing is everything when products are so similar.Also successful eth 2.0 wont be coming for months or years yet.
If this guy is such a genius why does he dress like this? Or choose such ridiculous decorations?! Do you see Elon Musk wearing a bunch of jewelry? Jewelry is childish. Someone like Musk or Vitalik don't have time for that crap!

Google News:
Vitalik Buterin = 70,400 results
Richard Heart - 1,700 results

(https://i.ytimg.com/vi/LSw7HSKN8U8/maxresdefault.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 16, 2021, 11:11:13 PM
Quote from: Army of One on October 16, 2021, 11:03:40 PM
PHex is expected to reach price parity with Ehex almost immediately., Everyones play is to buy it the second the eth bridge opens to pulse, or they can sell their sacrificed Pulse for it.

Ada just shows what you can do with marketing.Its soley at the marketcap it is now due to Hoskinson having a way with words and being a great speaker..As you know in the real world its a joke and it sounds like for many things the computation will have to be done offchain as it struggles to even run smart contracts.
Hoskinson is not well liked because he comes across as arrogant. Which then looks like he is desperate. Remember the exchange with Mark Cuban?

I don't think he is that great a speaker either. Not that it should hold him back. Elon is not a great speaker and he is the richest man in the world right now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on October 16, 2021, 11:23:04 PM
Quote from: obsidian on October 16, 2021, 11:07:59 PM
If this guy is such a genius why does he dress like this? Or choose such ridiculous decorations?! Do you see Elon Musk wearing a bunch of jewelry? Jewelry is childish. Someone like Musk or Vitalik don't have time for that crap!

Google News:
Vitalik Buterin = 70,400 results
Richard Heart - 1,700 results

(https://i.ytimg.com/vi/LSw7HSKN8U8/maxresdefault.jpg)

For publicity.Get back to me with those google results in 3-6 months.Vitalik is well known because he was so early in the game.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on October 16, 2021, 11:25:27 PM
Quote from: obsidian on October 16, 2021, 11:11:13 PM
Hoskinson is not well liked because he comes across as arrogant. Which then looks like he is desperate. Remember the exchange with Mark Cuban?

I don't think he is that great a speaker either. Not that it should hold him back. Elon is not a great speaker and he is the richest man in the world right now.
Reddit loves hoskinson, thats where the main ada fanboyism comes from.
Musk is a charismatic speaker,, as well as charismatic in general, thats all thats needed. People find his constant pauses, looking up while he actually thinks in real time before he delivers an answer endearing.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 17, 2021, 12:02:51 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 17, 2021, 12:18:05 AM
Quote from: Army of One on October 16, 2021, 11:25:27 PM
Reddit loves hoskinson, thats where the main ada fanboyism comes from.
Musk is a charismatic speaker,, as well as charismatic in general, thats all thats needed. People find his constant pauses, looking up while he actually thinks in real time before he delivers an answer endearing.


Musk stutters a lot and does a lot of "Um" and "Ah" when he talks. He thinks outside the box which is why people are interested in hearing what he has to say but he is not a polished, eloquent speaker.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 17, 2021, 12:22:43 AM
I am sure you can make money with Richard Heart's stuff but I don't trust this guy. He seems like a bullshit artist to me. Time will tell...

https://wantfi.com/richard-hearts-hex-token-is-a-brilliant-scam.html

Hex is a token on the Ethereum network executed by a smart contract and the website advertises itself as a place to earn 40% per year with “certificates of deposit.”

You think that the 40% per year “interest” is your first clue that this is a scam?

Hex.com claims that two different auditors have audited the contract. But what does that really mean? To a layman, they might think that the statement means that a professional auditor like PricewaterhouseCoopers came in and reviewed it and found out it’s not a scam, or something to that effect.

But that’s not what it means. Auditing in crypto-land is evaluating the computer code for bugs. Having sound code doesn’t absolve it from being a scam if the code is written to be… a scam. 

Hex bears a lot of similarities to the Bitconnect Ponzi scheme that failed in 2017. In fact, it’s almost as if the scammer behind Hex used Bitconnect as a springboard to make an improved scam. Hex has been very careful with marketing language and product design features to both appear legitimate and to avoid legal trouble.

The website even has an entire page on Hex dedicated to why the product isn’t a scam and generously educates the reader on what technically constitutes an illegal Ponzi scheme and a Pyramid scheme and why this product doesn’t qualify.

Usually legitimate investment products don’t need an entire section educating you on scams and why their product doesn’t meet the technical requirements.

I think this page is actually targeted towards any SEC or financial authority law enforcement officer that happens to come across the product rather than everyday readers.

It may not fit the legal definition of a Ponzi or Pyramid scheme only because this is the first time in history that the schemer has controlled the seigniorage that victims were receiving as interest. The scam wouldn’t work if the advertised returns had to be paid in any other asset that Hex didn’t control.

And none of the Hex scam rebuttals negate the fact that the whole premise requires luring others to buy in.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 17, 2021, 12:27:45 AM
Quote from: Army of One on October 16, 2021, 11:23:04 PM
For publicity.Get back to me with those google results in 3-6 months.Vitalik is well known because he was so early in the game.
Richard Heart has been in the crypto space for many years - and yet he does not have the same news coverage as Vitalik.

Vitalik invented Ethereum and Richard Heart's Hex runs on Ethereum. I'll wait for him to develop his own crypto that can rival Ethereum.

I'd love to see Vitalik debate Heart. I wonder if Heart could get through the debate without throwing a bunch of f-bombs. I doubt it. Vitalik is on a completely higher level compared to Heart.

https://www.reddit.com/r/CryptoCurrency/comments/jx5nuz/how_richard_heart_tricked_and_deceived_people/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on October 17, 2021, 12:35:32 AM
Quote from: obsidian on October 17, 2021, 12:27:45 AM
Richard Heart has been in the crypto space for many years - and yet he does not have the same news coverage as Vitalik.

Vitalik invented Ethereum and Richard Heart's Hex runs on Ethereum. I'll wait for him to develop his own crypto that can rival Ethereum.

I'd love to see Vitalik debate Heart. I wonder if Heart could get through the debate without throwing a bunch of f-bombs. I doubt it. Vitalik is on a completely higher level compared to Heart.

https://www.reddit.com/r/CryptoCurrency/comments/jx5nuz/how_richard_heart_tricked_and_deceived_people/

Lol read above,Pulsechain will improve on eth, he has forked ethereum and made massive changes so it runs 4x faster, has no miners (proof of stake instead), is deflationary (complete supply available at launch and 25% of every transaction burned)and the gas fees per transaction are pennies, instead of 100 dollars+ on eth at times.He is also copying the entire eth ecosystem over at launch so devs can literally switch their projects over on day 1 if they wanted.Also every erc20 you have on eth will get a clone on Pulse, have 200 link and 200 usdc on eth?Youll have them on pulse.Have nfts on eth?Youll have them on Pulse.Will they be worth anything?The market will decide.

The hex scam stuff has been debunked over and over and its just bitter people who missed out on a 6000x making those articles, it now is in the top 10 marketcaps in crypto.Also the video you posted is from richard hearts channel, and its about the other guy getting his career ended, he got exposed an hour after the stream as conning people out of btc and is now finished as a "crypto youtuber".
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 17, 2021, 01:17:06 AM
I would urge all not to get distracted by alts. Today's pulse is yesterday's [pick any once of 1000' of failed alts].

Alts will come and go, each with a "good story". We are best all collectively focussing our energies on Bitcoin. United we stand, divided we fail.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on October 17, 2021, 01:29:24 AM
What is going on with HEX?
It is crashing hard...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on October 17, 2021, 01:30:44 AM
Quote from: gib on October 17, 2021, 01:17:06 AM
I would urge all not to get distracted by alts. Today's pulse is yesterday's [pick any once of 1000' of failed alts].

Alts will come and go, each with a "good story". We are best all collectively focussing our energies on Bitcoin. United we stand, divided we fail.

But really what is there to discuss, when to buy it and when to sell it.Top looks to be somewhere between December 2021 and March 2022.Plan B who made the S2F model thinks March, many OGs think December as usual but lengthening cycles and a possible supercycle may come in to play. The alt market in the other hand is far more interesting, although more risky.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on October 17, 2021, 01:34:35 AM
Quote from: FitnessFrenzy on October 17, 2021, 01:29:24 AM
What is going on with HEX?
It is crashing hard...

Its crashed 50-70% something like 11 times in 2 years and is still up 6000x.The early buyers became multi millionaires just throwing like 2k in, they will cash out, new buyers take their place, rinse and repeat, same as btc in the early days.If you panic on every dip youll struggle with crypto.Coins go up, coins go down.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 17, 2021, 04:14:11 AM
Quote from: obsidian on October 17, 2021, 12:22:43 AM
I am sure you can make money with Richard Heart's stuff but I don't trust this guy. He seems like a bullshit artist to me. Time will tell...

https://wantfi.com/richard-hearts-hex-token-is-a-brilliant-scam.html

Hex is a token on the Ethereum network executed by a smart contract and the website advertises itself as a place to earn 40% per year with “certificates of deposit.”

You think that the 40% per year “interest” is your first clue that this is a scam?.

And none of the Hex scam rebuttals negate the fact that the whole premise requires luring others to buy in.

If you want to make money you need someone else to buy it from you for more. Shares. Gold. Crypto. Every single thing requires you to encourage more people to buy for more than what you paid.

Wall St gets 120B/mth in QE to pump stock prices 😂 so let’s all agree the world is a ponzi.

There are answers to your comments but it‘ll be a long post.

Its worth a shot, I own worse shit than HEX….. like DOGE, who’s function is a Billionaire tweets a photo of a dog at random times and it goes up in value. It was the 3rd largest coin in the industry and the best performer of 2021 at one point. I bought more of that piece of shit just yesterday lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 17, 2021, 04:24:41 AM
Quote from: FitnessFrenzy on October 17, 2021, 01:29:24 AM
What is going on with HEX?
It is crashing hard...

Does it before every run up. It’s what extreme volatility looks like. Savage downs and savage ups.

Quote from: Army of One on October 17, 2021, 01:30:44 AM
But really what is there to discuss, when to buy it and when to sell it.Top looks to be somewhere between December 2021 and March 2022.Plan B who made the S2F model thinks March, many OGs think December as usual but lengthening cycles and a possible supercycle may come in to play. The alt market in the other hand is far more interesting, although more risky.

I am keen to see this next 3-6mths because I am expecting shortening cycles. A cycle is considered a new all time high And I think liquidity entering will create short cycles instead of the historic 4yrs based around a halving event. 

The APr peak cut in half is why I think this and why I think we get to 115k this next run and not 200k+.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on October 17, 2021, 04:26:34 AM
Quote from: obsidian on October 17, 2021, 12:22:43 AM
I am sure you can make money with Richard Heart's stuff but I don't trust this guy. He seems like a bullshit artist to me. Time will tell...

https://wantfi.com/richard-hearts-hex-token-is-a-brilliant-scam.html

Hex is a token on the Ethereum network executed by a smart contract and the website advertises itself as a place to earn 40% per year with “certificates of deposit.”

You think that the 40% per year “interest” is your first clue that this is a scam?

Hex.com claims that two different auditors have audited the contract. But what does that really mean? To a layman, they might think that the statement means that a professional auditor like PricewaterhouseCoopers came in and reviewed it and found out it’s not a scam, or something to that effect.

But that’s not what it means. Auditing in crypto-land is evaluating the computer code for bugs. Having sound code doesn’t absolve it from being a scam if the code is written to be… a scam. 

Hex bears a lot of similarities to the Bitconnect Ponzi scheme that failed in 2017. In fact, it’s almost as if the scammer behind Hex used Bitconnect as a springboard to make an improved scam. Hex has been very careful with marketing language and product design features to both appear legitimate and to avoid legal trouble.

The website even has an entire page on Hex dedicated to why the product isn’t a scam and generously educates the reader on what technically constitutes an illegal Ponzi scheme and a Pyramid scheme and why this product doesn’t qualify.

Usually legitimate investment products don’t need an entire section educating you on scams and why their product doesn’t meet the technical requirements.

I think this page is actually targeted towards any SEC or financial authority law enforcement officer that happens to come across the product rather than everyday readers.

It may not fit the legal definition of a Ponzi or Pyramid scheme only because this is the first time in history that the schemer has controlled the seigniorage that victims were receiving as interest. The scam wouldn’t work if the advertised returns had to be paid in any other asset that Hex didn’t control.

And none of the Hex scam rebuttals negate the fact that the whole premise requires luring others to buy in.

And so it goes, the same bullshit repeated over and over and over and over: It's a scam, it's a ponzi. All the fucking time.

First of all, the 40% return shouldn't even be that impressive. If you walk into a bank and buy a 5-year CD, your return will be 1-2% at most. The bank will then get to 7x (fractional reserve banking) the amount of your deposit and then lend it out, let's say through their mortgage desk at 4%. Your return is still 1-2% but The bank's is around 28%. HEX flips that relationship and pays the staker the 7x, aka the inflation. You then add the penalties from the morons that end stake early and that's how you add up to 40%. THIS IS ALL IN THE WHITE PAPER.

Secondly, the two code and one economic audits aren't meant to prove that the coin isn't a scam, they were meant to prove how solid the code is. I don't know if you've even taken your head out of the sand but... the code behind many of the cryptos is amateurish at best, and hackers exploit these vulnerabilities all the time. Having solid code is tantamount to a solid FINISHED product. 

Thirdly, when you call some one or some thing something, the burden of proof falls upon you to prove what you say is true. Not to insinuate, PROVE. Honestly, people are getting fed up with this shit. This week, reddit moderators took down two threads that were meant to prove HEX is a scam but yet, the originators, made NO EFFORT to prove anything. So the moderators shut the conversation down immediately.

I understand Richard Heart's attitude irks people out but... if you're in doubt, think of HEX as something entirely unrelated to him. He may be a scammer (which he is not, he actually got scammed at one point,) but HEX isn't. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on October 17, 2021, 04:31:01 AM
Quote from: Mayday on October 17, 2021, 04:14:11 AM
If you want to make money you need someone else to buy it from you for more. Shares. Gold. Crypto. Every single thing requires you to encourage more people to buy for more than what you paid.

Wall St gets 120B/mth in QE to pump stock prices 😂 so let’s all agree the world is a ponzi.

There are answers to your comments but it‘ll be a long post.

Its worth a shot, I own worse shit than HEX….. like DOGE, who’s function is a Billionaire tweets a photo of a dog at random times and it goes up in value. It was the 3rd largest coin in the industry and the best performer of 2021 at one point. I bought more of that piece of shit just yesterday lol.

Exactly!

In the end, my garbage is someone else's treasure. Who is to measure value? In what terms? It's all very subjective.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on October 17, 2021, 04:34:47 AM
Quote from: FitnessFrenzy on October 17, 2021, 01:29:24 AM
What is going on with HEX?
It is crashing hard...

It's gone up 10000x.

Can't it take a breather without people freaking out?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 17, 2021, 06:36:16 AM
Quote from: FitnessFrenzy on October 17, 2021, 01:29:24 AM
What is going on with HEX?
It is crashing hard...

End dates for some stakers. Could take a while to recover as November potentially looks worse with the number of daily ending stakes.

The rest of crypto is going on a run and some Hex holders are clearly not handling it well.

Here is a Richard Heart video to calm the bag holders.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 17, 2021, 12:45:39 PM
Quote from: Flexacon on October 17, 2021, 06:36:16 AM
End dates for some stakers. Could take a while to recover as November potentially looks worse with the number of daily ending stakes.

The rest of crypto is going on a run and some Hex holders are clearly not handling it well.

Here is a Richard Heart video to calm the bag holders.


Yeah that does not impress me. Sure the guy is rolling in cash. He looks real sloppy in those jeans. You won't find Elon Musk unboxing Gucci clothes. He don't have time for that BS.

Madoff was also rolling in cash. Look where he ended up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 17, 2021, 12:55:08 PM
Quote from: Army of One on October 17, 2021, 12:35:32 AM
Lol read above,Pulsechain will improve on eth, he has forked ethereum and made massive changes so it runs 4x faster, has no miners (proof of stake instead), is deflationary (complete supply available at launch and 25% of every transaction burned)and the gas fees per transaction are pennies, instead of 100 dollars+ on eth at times.He is also copying the entire eth ecosystem over at launch so devs can literally switch their projects over on day 1 if they wanted.Also every erc20 you have on eth will get a clone on Pulse, have 200 link and 200 usdc on eth?Youll have them on pulse.Have nfts on eth?Youll have them on Pulse.Will they be worth anything?The market will decide.

The hex scam stuff has been debunked over and over and its just bitter people who missed out on a 6000x making those articles, it now is in the top 10 marketcaps in crypto.Also the video you posted is from richard hearts channel, and its about the other guy getting his career ended, he got exposed an hour after the stream as conning people out of btc and is now finished as a "crypto youtuber".
So he is a copycat? Great! Binance did the same thing but it is centralized. He is literally copying everything that ETH is doing including the deflationary narrative.

I just checked HEX and it has a max supply of 633 billion and circulating supply of 173.4 billion. That's a lot! And it runs on Ethereum. So why would you back that over Ethereum itself?

What is the deflation rate of HEX?

Since EIP1559 came out as of this post 560,979 ETH has been burned and 426,180 ETH issued. ETH supply is deflating.

https://watchtheburn.com/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on October 17, 2021, 03:26:45 PM
Quote from: obsidian on October 17, 2021, 12:55:08 PM
So he is a copycat? Great! Binance did the same thing but it is centralized. He is literally copying everything that ETH is doing including the deflationary narrative.

I just checked HEX and it has a max supply of 633 billion and circulating supply of 173.4 billion. That's a lot! And it runs on Ethereum. So why would you back that over Ethereum itself?

What is the deflation rate of HEX?

Since EIP1559 came out as of this post 560,979 ETH has been burned and 426,180 ETH issued. ETH supply is deflating.

https://watchtheburn.com/

Everyone builds on everyone elses code, if you have ever been a programmer you'd know the majority of the time you spend googling and copy and pasting

The problem is very simple, and richard heart has said this himself, if eth worked properly and fees were low, he wouldnt even be making Pulsechain, but its costs hundreds of dollars at times to send 1 transaction, on Hex for example at times it was costing people $1600 in eth fees to simply unstake their hex, he is doing it because Eth is failing all the Hex owners and he wants to give them a better service.

Eth is tied up with too much bureaucracy  with founders and miners to make any drastic changes to keep up with the market.If you were involved in the eth alt markets like uniswap, sushiswap etc youd understand that the fees are a joke now.

And who is backing hex over eth?One is a layer 1 and the other is a store of value.Hex is just BTC but instead of miners dumping everyday its replaced with staking.You are confusing hex with pulse I think.Best to have an understanding that they are seperate things and have different names before debating.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 17, 2021, 04:25:58 PM
Quote from: Army of One on October 17, 2021, 03:26:45 PM
Everyone builds on everyone elses code, if you have ever been a programmer you'd know the majority of the time you spend googling and copy and pasting

The problem is very simple, and richard heart has said this himself, if eth worked properly and fees were low, he wouldnt even be making Pulsechain, but its costs hundreds of dollars at times to send 1 transaction, on Hex for example at times it was costing people $1600 in eth fees to simply unstake their hex, he is doing it because Eth is failing all the Hex owners and he wants to give them a better service.

Eth is tied up with too much bureaucracy  with founders and miners to make any drastic changes to keep up with the market.If you were involved in the eth alt markets like uniswap, sushiswap etc youd understand that the fees are a joke now.

And who is backing hex over eth?One is a layer 1 and the other is a store of value.Hex is just BTC but instead of miners dumping everyday its replaced with staking.You are confusing hex with pulse I think.Best to have an understanding that they are seperate things and have different names before debating.
Ethereum is Layer 1 and a store of value. It has a much smaller supply than HEX. And it is deflationary.

I don't see institutions buying into a loudmouth like Richard Heart's tokens.

RH has said before centralization is not so bad. The whole point of crypto is the need for decentralization. PulseChain will apparently have higher throughput and also lower fees. Well with centralization this is much easier to achieve. The trick is having a decentralized network and also speed and lower fees.

Vitalik could easily do what RH is doing with a centralized fork but that's not the point. The goal is decentralized, fast and cheap transactions.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on October 17, 2021, 04:50:16 PM
One currency to rule them all: Facebook’s Diem has global ambitions

https://cointelegraph.com/news/one-currency-to-rule-them-all-facebook-s-diem-has-global-ambitions

'In the long run, the ultimate objective of Diem is to help the world to gain access to financial services easier and faster. The United States dollar, the euro, the British pound, and other major fiat currencies will back up the Diem Project. If the project gets approval from the U.S. regulators (lol), Diem will function as a full-scale central bank that runs on blockchain technology. As you probably know, this is nothing like Bitcoin (BTC) and others.'

Quote from: Zillotch on January 21, 2021, 09:09:16 PM
(https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fwww.ft.com%2F__origami%2Fservice%2Fimage%2Fv2%2Fimages%2Fraw%2Fhttp%3A%252F%252Fcom.ft.imagepublish.upp-prod-us.s3.amazonaws.com%252F38015a86-f032-11e9-a55a-30afa498db1b%3Ffit%3Dscale-down%26source%3Dnext%26width%3D700&f=1&nofb=1)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 17, 2021, 05:55:47 PM
Quote from: Army of One on October 17, 2021, 01:34:35 AM
Its crashed 50-70% something like 11 times in 2 years and is still up 6000x.The early buyers became multi millionaires just throwing like 2k in, they will cash out, new buyers take their place, rinse and repeat, same as btc in the early days.If you panic on every dip youll struggle with crypto.Coins go up, coins go down.

The promotors and early buyers always make the biggest gains in new alts. Which is of course WHY WE ALWAYS SEE NEW ALTS. :)

In a rising market with new entrants to Bitcoin, there are always some suckers who think they can find "the new Bitcoin" and who want a dilutive piece of the Bitcoin pie. So, yes you can make money alts, especially if close to the food chain, but just don't kid yourself on any long term value. Long term the alt money either rotates back into Bitcoin, cash (or a US stable coin), or into the "next alt".

For me, as a person who always aims to make balanced risk / reward investment plays, it a long term BTC hodl only, (although there is one alt which caught my eye that I have invested in for technical reasons called Efinity which for various reasons I won't go into here, but for which i see potential as having significant legitimate upside).

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 17, 2021, 05:57:51 PM
Quote from: Flexacon on October 16, 2021, 10:27:19 PM
So pulsechain is gonna be great because you have a man crush on Richard Heart. Got it.

That also explains why your space bar seems a bit sticky..

LOL :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on October 17, 2021, 06:10:40 PM
Quote from: obsidian on October 17, 2021, 04:25:58 PM
Ethereum is Layer 1 and a store of value. It has a much smaller supply than HEX. And it is deflationary.

I don't see institutions buying into a loudmouth like Richard Heart's tokens.

RH has said before centralization is not so bad. The whole point of crypto is the need for decentralization. PulseChain will apparently have higher throughput and also lower fees. Well with centralization this is much easier to achieve. The trick is having a decentralized network and also speed and lower fees.

Vitalik could easily do what RH is doing with a centralized fork but that's not the point. The goal is decentralized, fast and cheap transactions.



Why do you keep comparing eth to hex when they are nothing alike?Hex is a btc rival, not eth You seem very confused.Compare it to Pulse when it releases.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 17, 2021, 06:29:41 PM
An ETH futures ETF will surely be be rolled out soon now that the BTC futures ETF has been ready. Expecting some serious pumps for ETH.

Just for fun ETH has also formed a near perfect cup and handle pattern and looks ready for a breakout.

(https://s3.tradingview.com/b/Bm8Cm8z3_mid.png)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: polychronopolous on October 18, 2021, 08:53:15 AM
Quote from: OneMoreRep on October 15, 2021, 09:17:27 AM
I'll look into both. There has been mention of inclusion into the Metaverse? There are some like Axie Infinity, but I prefer lower barriers to entry via price point.

"1"

Just for kicks, let's go ahead and revisit my proposal every 6 months to see how you would have fared. The price upon that day for Marathon was about $42 a share. Today it stands at $52 and skyrocketing.

They OWN the bitcoin. They have the ability to PRODUCE more bitcoin than anyone else. They are the giant in the industry so they can negotiate the best energy prices.

Digital SCARCITY.

Think of the power of those 2 words. EVERYTHING else is a joke in comparison.

You will see these narratives on alt coins change a million times over as the peanut gallery on here will continue to run around like chickens with their heads cut off spouting the same buzz words they heard 15 minutes ago on some rickety old YouTube channel.

Last week it was Litecoin and Tron.

Yesterday it was Polkadot and Chainlink.

Today it's HEX and Pulse.

OneMoreRep, you are still quite spry and have much more life ahead of you!

With your jiujitsu challenges that you partake of and your affinity for the barbell and other cardiovascular pursuits, I predict many more years of a very fruitful and abundant life!

Look down upon all this madness and ask yourself "What's going to be around 20 or 30 years from now as I gracefully approach my golden years?"

Well, I think I have given you the answer to that on a silver platter  8)

Fastball right down the middle.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on October 18, 2021, 09:59:51 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 18, 2021, 11:41:44 AM
Quote from: Army of One on October 17, 2021, 06:10:40 PM
Why do you keep comparing eth to hex when they are nothing alike?Hex is a btc rival, not eth You seem very confused.Compare it to Pulse when it releases.
I am not comparing Ethereum to HEX. I am asking what's so great about HEX? It is nothing like Bitcoin or Ethereum. Without Ethereum HEX does not exist. It is not a Layer 1 blockchain like Bitcoin and Ethereum. HEX also has a much bigger supply than Bitcoin and Ethereum.

Why are you comparing HEX to Bitcoin?!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 18, 2021, 11:45:36 AM
HEX down almost 50% in the past 30 days...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 18, 2021, 11:50:02 AM
Did Bitcoin holders receive 10,000 HEX for free when it was released?

What is HEX
HEX (HEX) is designed as a store of value for a Certificate of Deposit on the blockchain as used in traditional financial markets. HEX is also designed to leverage off the emerging DeFi. HEX is designed and launched by Richard Heart on 2 December 2019.

The goal of HEX
HEX is an ERC20 token launched on the Ethereum network. HEX is designed to be a store of value to replace the Certificate of Deposit as the blockchain counterpart of that financial product used in traditional financial markets. HEX is also designed to leverage off the emerging DeFi (Decentralised Finance) ecosystem in cryptocurrencies within the Ethereum network.

The technology of HEX
HEX uses the Ethereum network for the transaction layer (sending and receiving HEX tokens, as well as interacting with the HEX smart contract), whilst the consensus code and staking mechanism is contained in the HEX smart contract.

Staking HEX
HEX allows a user to stake his or her HEX coins for a share of the new HEX coin issuance, or inflation and contains features designed to incentivize behaviors that encourage price appreciation and disincentivize behaviors that encourage harm to the price. The HEX smart contract penalizes stakers for ending their stake early and rewards them for staking larger amounts of HEX for longer periods. HEX is distributed to Bitcoin holders by way of a snapshot of the Bitcoin UTXO set that occurred on 2 December 2019 at block height 606227. The distribution of HEX to Bitcoin holders is 10,000 HEX per 1 BTC. Bitcoin holders are able to claim HEX only during the first year of launch. During this period, HEX is also obtained in exchange for ETH through interacting with the HEX smart contract. At the end of the first year of launch, all HEX coins that were not claimed by Bitcoin holders are distributed to the rest of the HEX users who have stakes that are active. The maximum possible annual inflation of HEX is designed to be 3.69% after the first year of launch.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 18, 2021, 11:50:52 AM


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: jude2 on October 18, 2021, 06:20:27 PM
I sold my one BTC at 58k, too early
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 19, 2021, 04:54:21 AM
Quote from: polychronopolous on October 18, 2021, 08:53:15 AM
Just for kicks, let's go ahead and revisit my proposal every 6 months to see how you would have fared. The price upon that day for Marathon was about $42 a share. Today it stands at $52 and skyrocketing.

They OWN the bitcoin. They have the ability to PRODUCE more bitcoin than anyone else. They are the giant in the industry so they can negotiate the best energy prices.

Digital SCARCITY.

Think of the power of those 2 words. EVERYTHING else is a joke in comparison.

You will see these narratives on alt coins change a million times over as the peanut gallery on here will continue to run around like chickens with their heads cut off spouting the same buzz words they heard 15 minutes ago on some rickety old YouTube channel.

Last week it was Litecoin and Tron.

Yesterday it was Polkadot and Chainlink.

Today it's HEX and Pulse.

OneMoreRep, you are still quite spry and have much more life ahead of you!

With your jiujitsu challenges that you partake of and your affinity for the barbell and other cardiovascular pursuits, I predict many more years of a very fruitful and abundant life!

Look down upon all this madness and ask yourself "What's going to be around 20 or 30 years from now as I gracefully approach my golden years?"

Well, I think I have given you the answer to that on a silver platter  8)

Fastball right down the middle.

Fully agree.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 19, 2021, 04:56:42 AM
Quote from: jude2 on October 18, 2021, 06:20:27 PM
I sold my one BTC at 58k, too early

Way too early. Remember what Mr Anabolic told us - "first 100,000 then to a million" Do not forget those words of wisdom.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 19, 2021, 07:24:30 AM
GreyScale announcement just out:

https://www.globenewswire.com/en/news-release/2021/10/19/2316640/0/en/NYSE-Arca-Files-Form-19b-4-to-Convert-Grayscale-Bitcoin-Trust-into-an-ETF.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on October 19, 2021, 09:43:59 AM
Quote from: polychronopolous on October 18, 2021, 08:53:15 AM
Just for kicks, let's go ahead and revisit my proposal every 6 months to see how you would have fared. The price upon that day for Marathon was about $42 a share. Today it stands at $52 and skyrocketing.

They OWN the bitcoin. They have the ability to PRODUCE more bitcoin than anyone else. They are the giant in the industry so they can negotiate the best energy prices.

Digital SCARCITY.

Think of the power of those 2 words. EVERYTHING else is a joke in comparison.

You will see these narratives on alt coins change a million times over as the peanut gallery on here will continue to run around like chickens with their heads cut off spouting the same buzz words they heard 15 minutes ago on some rickety old YouTube channel.

Last week it was Litecoin and Tron.

Yesterday it was Polkadot and Chainlink.

Today it's HEX and Pulse.

OneMoreRep, you are still quite spry and have much more life ahead of you!

With your jiujitsu challenges that you partake of and your affinity for the barbell and other cardiovascular pursuits, I predict many more years of a very fruitful and abundant life!

Look down upon all this madness and ask yourself "What's going to be around 20 or 30 years from now as I gracefully approach my golden years?"

Well, I think I have given you the answer to that on a silver platter  8)

Fastball right down the middle.

Not a bad idea at all.

The issue I have is the price point for entry. MARA is pricey at this point. HUT looks attractive, so I might consider it, but I just have to get over my dislike of Trudeau.

I've invested a decent amount of money ($75K+) into the crypto ecosystem, what I have mainly done is use my self-directed IRA to invest that chunk of money into the ecosystem as to not incur any taxes in the meantime if I were to sell short-term. Separate from the $75K held hostage by the IRA, I do play around with another $20-$30K in crypto, but do no day-trading, simply HOD'L top 20 crypto projects.

What I am now looking for are smaller cryptos at could possibly serve Bitcoin as sidechain scaling solution. Just as $MATIC make transactions on the Ethereum blockchain faster and cheaper, I'd like to gather more alts that can bring functionality to the $BTCs of the world, as those coins are likely to do very well and have a decent (low) price.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on October 19, 2021, 11:44:07 AM
BTC ETF approved. ETH will probably follow soon.

Looking very good for a parabolic run till the end of the year, early 2022.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 19, 2021, 06:25:12 PM
Quote from: Griffith on October 19, 2021, 11:44:07 AM
BTC ETF approved. ETH will probably follow soon.

Looking very good for a parabolic run till the end of the year, early 2022.

I would not be so sure about that. The SEC is still seriously considering whether ETH should be placed in the category of illegal and unregulated securities. They have already made this stance very clear (as outlined in the so-called "Howey test") with regard to most alts. Time will tell on ETH, but the history of ETH and the role of Vitalik will play a big part here. Still, ETH doesn't necessarily need an ETH to thrive, although it certainly would help.

In my view the next "big step" will be a spot BTC ETF, of the kind GreyScale is currently applying for.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 19, 2021, 10:49:02 PM
To keep it simple, this is the ETF information we are looking for.

Proshares ETF 18th Oct --> approved
Invesco ETF 19th Oct --> no longer pursuing the ETF approval
VanEck ETF 25th Oct --> not likely
Valkyrie ETF 25th Oct --> likely
Galaxy ETF 1st Nov --> not likely

I had the previous ATH close of 63,588 and the last daily close i have as 64,303 so it's a new ATH yet i'm seeing mixed things online between whether or not we have closed at an ATH. If it's not decisive then i gather the answer is we haven't and we are using some particular exchange as the marker.




Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 20, 2021, 01:12:29 AM
Quote from: Mayday on October 19, 2021, 10:49:02 PM
To keep it simple, this is the ETF information we are looking for.

Proshares ETF 18th Oct --> approved
Invesco ETF 19th Oct --> no longer pursuing the ETF approval
VanEck ETF 25th Oct --> not likely
Valkyrie ETF 25th Oct --> likely
Galaxy ETF 1st Nov --> not likely

I had the previous ATH close of 63,588 and the last daily close i have as 64,303 so it's a new ATH yet i'm seeing mixed things online between whether or not we have closed at an ATH. If it's not decisive then i gather the answer is we haven't and we are using some particular exchange as the marker.

Measured in some currencies which have declined over time (to the USD and BTC), a new ATH has already been hit. In USD, we are damn close ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on October 20, 2021, 06:53:51 AM
https://coinmarketcap.com/headlines/news/why-grayscales-ceo-believes-the-sec-will-greenlight-an-ethereum-etf/

Why Grayscale’s CEO Believes The SEC Will Greenlight An Ethereum ETF

Grayscale CEO Michael Sonnenshein has said the SEC will now be more inclined to approve an Ethereum ETF. The United States saw the first approved Bitcoin ETF last week. It marked the end of an eight-year-long since the first bitcoin ETF was filed. ProShares saw the approval of its Bitcoin Futures ETF on Monday, October 18th, and is set to trade on the NYSE today.

This was no doubt a historic moment for the crypto market. The battle for the first approved crypto ETF has been a drawn-out one and now investors can trade on bitcoin ETFs directly from their investment accounts like a ROTH.

However, the approval of the first bitcoin ETF has led to discussions about when the market will see approval for an Ethereum ETF. Speculations are that the market would see the first ETH ETF soon and Grayscale CEO agrees.

SEC Approving An Ethereum ETF

Sonnenshein was on CNBC’s Squawk Box on Monday to talk about the approval of the first Bitcoin ETF. The CEO sees this as a step in the right direction for the crypto market after the SEC gave the green light for the ETF. He remarked that this showed that the Securities and Exchange Commission was getting more relaxed around the idea of cryptocurrencies.

Sonnenshein added that since the regulator had approved the bitcoin ETF, it is only a matter of time before an Ethereum ETF was approved by it. Ethereum is the second-largest cryptocurrency in the market and has seen interest in it match, and sometimes surpass, that of the top cryptocurrency Bitcoin.

Multiple firms have filed Ethereum ETFs alongside their Bitcoin ETFs. Although both VanEck and ProShares had been asked by the SEC to withdraw their Ethereum ETFs when it was considering the Bitcoin ETFs for approval. This does not mean that the ETH ETFs have no merit. At this point, the Bitcoin ETFs have taken precedence due to their long history of filings to the regulator.

Grayscale Sets Sights On Bitcoin Spot ETF

NewsBTC reported over the weekend that Grayscale was planning to file a Bitcoin Spot ETF application. The investment firm has decided to go in another direction to current Futures ETF by converting its Futures ETF filings to a Spot ETF filing. Grayscale did this in response to growing competition after ProShares saw its Bitcoin Futures ETF approved for trading on the NYSE.

In a bid to realize higher trading volume than the Futures ETFs, the Grayscale Spot ETF has been argued to be a more superior filing to the Futures ETF. Investors are likely to lose out on gains due to growing contango when the futures contracts expire at a higher price than the spot price.

Grayscale is still waiting on the go-ahead from the SEC before it can file the application to convert its Bitcoin Trust into a Bitcoin Spot ETF.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on October 20, 2021, 09:45:57 AM
 :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on October 20, 2021, 09:59:53 AM
Crypto is about to go parabolic.

BTC 100k end of year and ETH 15K  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on October 21, 2021, 08:36:10 AM
ETH $ 4,041.58
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on October 21, 2021, 09:55:36 AM
Quote from: Griffith on October 20, 2021, 09:59:53 AM
Crypto is about to go parabolic.

BTC 100k end of year and ETH 15K  :D
Just 1 step away from anabolic.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on October 21, 2021, 06:42:09 PM
https://www.reuters.com/article/walmart-cryptocurrency/walmart-allowing-some-shoppers-to-buy-bitcoin-at-coinstar-kiosks-idUSL4N2RH4BL

Have to admit this is bullish if it pans out.

This is the same company that charges poor people 20% premium to put their metal change in these machines.

Wal Mart is the perfect place for a Bitcoin kiosk though. Slaves meet slave money.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on October 21, 2021, 06:49:18 PM
A very good read.


“My sort of theory on Satoshi’s identity was that Satoshi was on that beach in Anguilla,” the technology billionaire and self-described libertarian said Wednesday, recounting an early meeting with the founders of E-Gold Ltd., a now defunct digital currency that was indicted by the U.S. Justice Department in 2007. “I met them on the beach in Anguilla in February of 2000. We were beginning the revolution against the central banks on the beach in Anguilla. We were going to make PayPal interoperable with E-Gold and blow up all the central banks.”

Things didn’t go well, Thiel said, recounting allegations of fraud, libel and a legal settlement with E-Gold. He said he thought that Satoshi may have been one of around 200 people at that initial meeting and probably learned from E-Gold’s failures."


https://www.bloomberg.com/news/articles/2021-10-21/peter-thiel-tells-miami-crowd-where-he-d-look-for-satoshi?sref=ZMFHsM5Z
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 21, 2021, 07:22:18 PM
Quote from: SOMEPARTS on October 21, 2021, 06:42:09 PM
https://www.reuters.com/article/walmart-cryptocurrency/walmart-allowing-some-shoppers-to-buy-bitcoin-at-coinstar-kiosks-idUSL4N2RH4BL

Have to admit this is bullish if it pans out.

This is the same company that charges poor people 20% premium to put their metal change in these machines.

Wal Mart is the perfect place for a Bitcoin kiosk though. Slaves meet slave money.

Not gunna happen anytime soon because it’s a taxation minefield.

Wallets don’t work out your tax nor can they. Stores can’t work out your tax, nor can they.

This is what regulation is for otherwise people would be buying things with gold, shares, food contracts etc.

Tesla accepted Bitcoin and sold something like 3 cars. Everybody yelled ‘bullish’ and a mere 3 cars were sold lol. Why? Because of taxation.

Bitcoin will do it’s thing because seasonality says it will. Bullish News and FUD exist as shields for the market makers who determine where they want price to go.


I’m surprised nobody has commented about the flash crash to sub 10k on Binance. Big players can’t take it out in a second if they want to. We are on someone else’s boat merely as a passenger.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 22, 2021, 12:12:11 AM
Quote from: Mayday on October 21, 2021, 07:22:18 PM

I’m surprised nobody has commented about the flash crash to sub 10k on Binance. Big players can’t take it out in a second if they want to. We are on someone else’s boat merely as a passenger.

Someone fxxxed up big time, They had intended to input a standing sell order for $82,000, which would remain open until hit.

Instead, they left of a zero, inputting $8,200, which was of course immediately snapped up, leading to what appeared a blip for a few seconds down to what seemed to be the 10K level. Someone got a nice buy, and someone is either crying or fired! lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on October 22, 2021, 03:40:15 AM
Quote from: gib on October 22, 2021, 12:12:11 AM
Someone fxxxed up big time, They had intended to input a standing sell order for $82,000, which would remain open until hit.

Instead, they left of a zero, inputting $8,200, which was of course immediately snapped up, leading to what appeared a blip for a few seconds down to what seemed to be the 10K level. Someone got a nice buy, and someone is either crying or fired! lol

At least the CME futures gap is now effectively filled.

From a TA perspective, I don't think there're any gaps left to fill below 60k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on October 22, 2021, 03:49:38 AM
I don't know why people get excited when they hear Greyscale and crypto. The only thing they've done is milk people left and right with their 2% management fee, and the only reason why they did not apply for an ETF (even though Seibert and Sonnensheim have been saying for 3 years that they were going to apply) is because they are making a mountain of money. They do not care their products are selling at a discount during a bull market. I mean GBTC was selling at a -22% discount like 2 weeks ago, and ETHE was selling at almost a -10% discount like 5 days ago. Not only that, they allowed the disparity to be arbitraged left and right, which is the reason the discount kept getting larger and larger: People buying BTC and shorting GBTC.

Want to talk about a SCAM? Grayscale is the best of them.

Until they become BUYERS of crypto again, crypto will not increase in value.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 22, 2021, 07:37:03 PM
Quote from: Slapper on October 22, 2021, 03:49:38 AM
I don't know why people get excited when they hear Greyscale and crypto. The only thing they've done is milk people left and right with their 2% management fee, and the only reason why they did not apply for an ETF (even though Seibert and Sonnensheim have been saying for 3 years that they were going to apply) is because they are making a mountain of money. They do not care their products are selling at a discount during a bull market. I mean GBTC was selling at a -22% discount like 2 weeks ago, and ETHE was selling at almost a -10% discount like 5 days ago. Not only that, they allowed the disparity to be arbitraged left and right, which is the reason the discount kept getting larger and larger: People buying BTC and shorting GBTC.

Want to talk about a SCAM? Grayscale is the best of them.

Until they become BUYERS of crypto again, crypto will not increase in value.

They get excited, because its just one more small step towards greater adoption and legitimatization, at the very least creating awareness to a whole new class of investor.

You are right though - the futures ETF is not an ideal structure for any long term BTC HODLer (which is of course what we all should be).

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on October 23, 2021, 03:23:35 AM
Quote from: gib on October 22, 2021, 07:37:03 PM
They get excited, because its just one more small step towards greater adoption and legitimatization, at the very least creating awareness to a whole new class of investor.

You are right though - the futures ETF is not an ideal structure for any long term BTC HODLer (which is of course what we all should be).

Willy Woo said it best: "If Grayscale’s BTC ETF was approved and it charged 0.25% fees in line with many Gold ETFs, it would have to hold 28% of the BTC circulating supply in order to make the same fees revenue as GBTC does today."Do you think for a second they like the idea of turning their products into ETFs? No! They're going to delay it as much as they can. Everybody knows what they're doing now...

Grayscale are essentially behaving like Blockbuster back when NetFlix came into the scene: completely ambivalent, ignoring the obvious warning signs and acting like they own The Shit. GBTC is on route to selling at a -40% discount during a bull market. ETHE will quickly follow suit. It's almost like Seibert and Sonnensheim want the products to collapse.

I really do not know how they think this is going to help bring in another class of investors into the ecosystem. I mean, if you think for a second someone holding 1mm in cash is going to jump into some obscure OTC or ETF product that sells at a discount, I got a statue and a bridge to sell you. And a futures-based ETF, which is what the two tweety-baids are planning, will not get rid of the discount.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 23, 2021, 04:41:01 AM
Quote from: Slapper on October 23, 2021, 03:23:35 AM
Willy Woo said it best: "If Grayscale’s BTC ETF was approved and it charged 0.25% fees in line with many Gold ETFs, it would have to hold 28% of the BTC circulating supply in order to make the same fees revenue as GBTC does today."Do you think for a second they like the idea or turning their products into ETFs? No! They're going to delay it as much as they can. Everybody knows what they're doing now...

Greyscale are essentially behaving like Blockbuster back when NetFlix came into the scene: completely ambivalent, ignoring the obvious warning signs and acting like they own The Shit. GBTC is on route to selling at a -40% discount during a bull market. ETHE will quickly follow suit. It's almost like Seibert and Sonnensheim want the products to collapse.

I really do not know how they think this is going to help bring in another class of investors into the ecosystem. I mean, if you think for a second someone holding 1mm in cash is going to jump into some obscure OTC or ETF product that sells at a discount, I got a statue and a bridge to sell you. And a futures-based ETF, which is what the two tweety-baids are planning, will not get rid of the discount.

Big players trade the volatility. They prefer it to go up and down time and time again. ETF and exchanges prefer volatility and volume because they want to make more in fees. The only people who want to see the price go up are retail HoDLers but they make up the smallest portion.

We need to hear an institutional buy announcement in November otherwise it might get nuked. I wouldn't put it past BTC to get to 88k or something and then die.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 23, 2021, 09:53:58 PM
I was messaged today by someone asking how many GetBiggers actually bought when the 5K thread was started.

I have no idea, but would it not have been awesome if we all simply committed to a 5K purchase of Sats at the time? Not only would we then all be whole-coiners, but this entire forum would have been highly financially productive for us all.

Instead we had Mr Anabolic with all his nonsense doing his best to advise people to do the exact opposite. "Stay away from equities, stay away from Bitcoin, but gold and silver" (all of which turned out to be terrible advice).

Anyhow, we still all can enjoy the ride. There is a loooong road of adoption still ahead. We should never forget the words of Mr Anabolic (even if said in sarcasm)... "First $100,000, then $1,000,000".

This words from that stubborn old goat may in hindsight turned out to have been good advice! ") (Oh the irony!)  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 24, 2021, 12:07:01 AM
Quote from: gib on October 23, 2021, 09:53:58 PM
I was messaged today by someone asking how many GetBiggers actually bought when the 5K thread was started.

I have no idea, but would it not have been awesome if we all simply committed to a 5K purchase of Sats at the time? Not only would we then all be whole-coiners, but this entire forum would have been highly financially productive for us all.

Instead we had Mr Anabolic with all his nonsense doing his best to advise people to do the exact opposite. "Stay away from equities, stay away from Bitcoin, but gold and silver" (all of which turned out to be terrible advice).

Anyhow, we still all can enjoy the ride. There is a loooong road of adoption still ahead. We should never forget the words of Mr Anabolic (even if said in sarcasm)... "First $100,000, then $1,000,000".

This words from that stubborn old goat may in hindsight turned out to have been good advice! ") (Oh the irony!)  ;D

I'm pretty sure the original title was actually "Bitcoins - about to hit $250 per coin today!"

The title got updated to 5k at the end of 2017. Maybe it needs updating again or even going back to the original title.

Also there was very little interest in this thread originally. It took like 5 months for this thread to even get to 2 pages and 2 years to get to 3 pages.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 24, 2021, 06:36:55 PM
Quote from: Flexacon on October 24, 2021, 12:07:01 AM
I'm pretty sure the original title was actually "Bitcoins - about to hit $250 per coin today!"

The title got updated to 5k at the end of 2017. Maybe it needs updating again or even going back to the original title.

Also there was very little interest in this thread originally. It took like 5 months for this thread to even get to 2 pages and 2 years to get to 3 pages.

Part of the function of the thread was also to capture all the FUD that was thrown out there, each of which was dismissed over time.

Mr Anabolic played the perfect part in this, and we now have a great cache of recorded data that will in time be used in case studies of the mental anguish older or more closed-minded people face as they encounter a threat to a core belief system during a fundamental societal change enabled by technology.

So we have done some real good here, GetBiggers! And we will all be immortalized and featured in such future studies (even if only by avatar name!). :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 25, 2021, 01:48:43 AM
Quote from: gib on October 24, 2021, 06:36:55 PM
Part of the function of the thread was also to capture all the FUD that was thrown out there, each of which was dismissed over time.

Mr Anabolic played the perfect part in this, and we now have a great cache of recorded data that will in time be used in case studies of the mental anguish older or more closed-minded people face as they encounter a threat to a core belief system during a fundamental societal change enabled by technology.

So we have done some real good here, GetBiggers! And we will all be immortalized and featured in such future studies (even if only by avatar name!). :)

The passage of time may yet still prove Anabolic was right.

Quote from: Mr Anabolic on September 01, 2017, 12:18:22 PM
The longer this goes on unabated, the more I believe government created it.  They want a cashless society.  That's not a good thing.  Right now you have to convert it back to dollars in order to spend it. EVERY transaction you make is traceable and taxable.  The IRS is on top of it and will come after you for taxes owed... this happened to a friend of mine that bought a whole bunch when it was $100.  In May 2017 he cashed out at around $2000.  Just recently he received a tax bill from the IRS for $25,000 - ouch.

TPTB have to keep their fiat scam system going and cryptos are the future of it.  I'm stay far away from these things, I don't care how high they go. 

You want to invest in a seriously undervalued asset with enormous upside potential?... silver is it.  Keep in mind it is a l-o-n-g term investment and it could take years to reach true/full value.  Right now the price of metals are being manipulated and held down by TPTB.  However, they cannot do it forever.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 26, 2021, 10:52:54 PM
It seems US HoDLers might be in for a shot in the near future.

US looking into taxation on unrealised capital gains in liquid assets……

Wouldn’t it suck paying taxes and then it dumps.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: GymnJuice on October 27, 2021, 04:52:55 AM
Quote from: Mayday on October 26, 2021, 10:52:54 PM
It seems US HoDLers might be in for a shot in the near future.

US looking into taxation on unrealised capital gains in liquid assets……

Wouldn’t it suck paying taxes and then it dumps.

Horrible idea by the Democrats.  Will kill markets. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 27, 2021, 08:11:39 PM
Quote from: Flexacon on October 25, 2021, 01:48:43 AM
The passage of time may yet still prove Anabolic was right.

Satoshi was not "the Government" or "the CIA" or any other conspiracy. Rather he was an individual libertarian an freedom pioneer.

Of course Governments was cashless (and trackable) money. That is a certainty. Bitcoin is our defence to that.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on October 27, 2021, 09:22:12 PM
Quote from: gib on October 27, 2021, 08:11:39 PM
Satoshi was not "the Government" or "the CIA" or any other conspiracy. Rather he was an individual libertarian an freedom pioneer.

Of course Governments was cashless (and trackable) money. That is a certainty. Bitcoin is our defence to that.

belief in bitcoin is the same as believing in a rona vax - damnation disguised as hope.

fear and greed r not the route to 'freedom'.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 28, 2021, 03:07:44 AM
Quote from: gib on October 27, 2021, 08:11:39 PM
Satoshi was not "the Government" or "the CIA" or any other conspiracy. Rather he was an individual libertarian an freedom pioneer.

You do realise you're saying that without even having any proof of who or what "Satoshi" is.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 28, 2021, 05:16:26 AM
Quote from: Flexacon on October 28, 2021, 03:07:44 AM
You do realise you're saying that without even having any proof of who or what "Satoshi" is.

Onus is on conspiracy theorists to prove any of the nonsense they believe in. There is nothing in the whitepaper that supports the view of the CIA conspiracy nonsense. This is how science works.

Its like me claiming ghosts are real (and asking you to disprove it). Onus is on the person making the claim. Where is the evidece of your claims?

Either way, lets imagine for a moment the CIA did create it. So what even if so? The ledger is public. The block chain is decentralized. Any changes are subject to the consent mechanism.

Its like arguing about whether "God" created gold, or whether it was an organic creation. Either way, its irrelevant to the function and properties of gold.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 28, 2021, 06:15:04 AM
Quote from: gib on October 28, 2021, 05:16:26 AM
Onus is on conspiracy theorists to prove any of the nonsense they believe in. There is nothing in the whitepaper that supports the view of the CIA conspiracy nonsense. This is how science works.

Its like me claiming ghosts are real (and asking you to disprove it). Onus is on the person making the claim. Where is the evidece of your claims?

Either way, lets imagine for a moment the CIA did create it. So what even if so? The ledger is public. The block chain is decentralized. Any changes are subject to the consent mechanism.

Its like arguing about whether "God" created gold, or whether it was an organic creation. Either way, its irrelevant to the function and properties of gold.

What claim did I make exactly? There were none.

I highlighted 2 points in a post made by anabolic where he provided his reasons for not getting involved in bitcoin.

"The longer this goes on unabated, the more I believe government created it.  They want a cashless society.  That's not a good thing.  Right now you have to convert it back to dollars in order to spend it."

Are you able to freely transact in bitcoin? What if the most major governments switch to BTC. Who would be right. You or Anabolic?

"TPTB have to keep their fiat scam system going and cryptos are the future of it.  I'm stay far away from these things, I don't care how high they go."

For arguments sake, let's say he doesn't care about being wealthy and doesn't care how high prices went. He had his reasons for not wanting to get involved, just like you have your reasons for hodling BTC. Both are equally valid to the individual, so who is right here?

As I said when I quoted his post. It will be the passage of time that will show us know who was right. There is also still a good chance you'll both be wrong. (Buy ETH and LRC)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 28, 2021, 08:25:39 PM
Quote from: Flexacon on October 28, 2021, 06:15:04 AM
What claim did I make exactly? There were none.

I highlighted 2 points in a post made by anabolic where he provided his reasons for not getting involved in bitcoin.

"The longer this goes on unabated, the more I believe government created it.  They want a cashless society.  That's not a good thing.  Right now you have to convert it back to dollars in order to spend it."

Are you able to freely transact in bitcoin? What if the most major governments switch to BTC. Who would be right. You or Anabolic?

"TPTB have to keep their fiat scam system going and cryptos are the future of it.  I'm stay far away from these things, I don't care how high they go."

For arguments sake, let's say he doesn't care about being wealthy and doesn't care how high prices went. He had his reasons for not wanting to get involved, just like you have your reasons for hodling BTC. Both are equally valid to the individual, so who is right here?

As I said when I quoted his post. It will be the passage of time that will show us know who was right. There is also still a good chance you'll both be wrong. (Buy ETH and LRC)

Of course you don't need to "convert it into a dollar to spend it". That comment from Mr A is as idiotic now, as it was back then when he made it.

Of  course we will see Government coins (and these will both track spending, and not be limited in supply). Bitcoin is not the enemy here, nor is it a trojan horse - rather, Bitcoin is our defence against Government issued digital money. Governments not only will, over time, recognize the legitimacy of Bitcoin, but they indeed have no choice but to do so.

As for who was right, obviously it was me. He called Bitcoin "a Ponzi scheme", and "a bubble of nothingness doomed to fail." I explained to him that it was the future decentralized monetary system of the world.

No Government can control Bitcoin as Bitcoin is not sovereign to any country - its global, decentralized, amorphous, and immutable. Government's can certainly adopt its usage though (which of course would be a huge boost to its overall value due to the fixed supply). We are now starting to see this occur in various ways globally, whether its allowing taxes to be paid in Sats, allowing employees to be paid in Sats, allowing banks to use Sats, recognizing disputes relates to Sats as solvable under the existing established legal system, or even (in the case of El Salvador) making it an actual official currency.

So yes, Mr A gave reasons, but they were of course all either wrong, illogical, false, un-ethical, spiteful, obstinate, pig-headed, misguided, deceptive, misleading, or irrational.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 29, 2021, 05:59:04 PM
Wow look at Australia. Suddenly BTC has been legitimized there with regulated Bitcoin ETFs allowed (and alts not allowed it seems).

For any Australians here, wonder if you would buy such an ETF? Would appeal to a range of people and companies I think.

https://bitcoinmagazine.com/business/australias-top-securities-regulator-says-it-will-approve-bitcoin-etfs

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: djliftsthings on October 29, 2021, 06:01:09 PM
i dont know dick squat about this stuff
but is it true that if someone bought 8 grand of shib in august theyd be a gazillionaire now?
just something i read
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 29, 2021, 06:28:43 PM
Quote from: djliftsthings on October 29, 2021, 06:01:09 PM
i dont know dick squat about this stuff
but is it true that if someone bought 8 grand of shib in august theyd be a gazillionaire now?
just something i read

August 2020 and yes. But chances are they would have sold long long before the prices got so big, probably under $100k. Whoever bought that $8k shib in 2020 has most likely forgotten their wallet key and can't access their coins or is dead.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 29, 2021, 06:34:42 PM
Quote from: gib on October 29, 2021, 05:59:04 PM
Wow look at Australia. Suddenly BTC has been legitimized there with regulated Bitcoin ETFs allowed (and alts not allowed it seems).

For any Australians here, wonder if you would buy such an ETF? Would appeal to a range of people and companies I think.

https://bitcoinmagazine.com/business/australias-top-securities-regulator-says-it-will-approve-bitcoin-etfs

Most of these ETFs are approved on the basis that bitcoin is decentralised. If there is demand or a need for an alt ETF then there wouldn't be much of an issue getting it approved as long as that alt is decentralised.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 29, 2021, 07:49:26 PM
Quote from: Flexacon on October 29, 2021, 06:34:42 PM
Most of these ETFs are approved on the basis that bitcoin is decentralised. If there is demand or a need for an alt ETF then there wouldn't be much of an issue getting it approved as long as that alt is decentralised.

The main distinction being applied by regulators (both in the US and globally) is whether the coin is a commodity or an illegal security. Almost all alts are illegal securities, due to how they were created and a portion of "equity" and "control" being retained by a founder at the outset.

Bitcoin is a quite unique exception, hence for this reason (among others) we are seeing Bitcoin going global with institutional regulatory support. Very unlikely we will any time soon see any such thing for any alt, although never say never. Far more likely that an alt EFT will be various private equity ALT hedge funds (which already exist).

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 29, 2021, 08:22:34 PM
Quote from: gib on October 29, 2021, 07:49:26 PM
The main distinction being applied by regulators (both in the US and globally) is whether the coin is a commodity or an illegal security. Almost all alts are illegal securities, due to how they were created and a portion of "equity" and "control" being retained by a founder at the outset.

Bitcoin is a quite unique exception, hence for this reason (among others) we are seeing Bitcoin going global with institutional regulatory support. Very unlikely we will any time soon see any such thing for any alt, although never say never. Far more likely that an alt EFT will be various private equity ALT hedge funds (which already exist).

Well the ASIC you mentioned that green lit a Bitcoin ETF in Australia also green lit an Ethereum ETF. You posted an article that only mentions the Bitcoin ETF. Why would you do that gib?

Plenty of articles mentioning the Ethereum ETF

https://www.smh.com.au/business/companies/asic-gives-trading-of-bitcoin-ethereum-etfs-green-light-20211029-p594ea.html
https://ambcrypto.com/australia-asic-issues-new-guidelines-on-etfs-for-investor-protection/
https://cointelegraph.com/news/australian-securities-regulator-issues-guidelines-for-crypto-etps
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 29, 2021, 11:50:37 PM
Quote from: Flexacon on October 29, 2021, 08:22:34 PM
Well the ASIC you mentioned that green lit a Bitcoin ETF in Australia also green lit an Ethereum ETF. You posted an article that only mentions the Bitcoin ETF. Why would you do that gib?

Plenty of articles mentioning the Ethereum ETF

https://www.smh.com.au/business/companies/asic-gives-trading-of-bitcoin-ethereum-etfs-green-light-20211029-p594ea.html
https://ambcrypto.com/australia-asic-issues-new-guidelines-on-etfs-for-investor-protection/
https://cointelegraph.com/news/australian-securities-regulator-issues-guidelines-for-crypto-etps

I did it because its true, and because it relates to Bitcoin (which is what this thread is about).

However, yes correct ETH also seems to likely be possible for an ETF. BTC will be first, but ETH may well follow. Other lalts very unlikely for now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 31, 2021, 04:06:27 AM
Great video regarding ATHs. This is the one youtubers videos I should never have stopped watching.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 01, 2021, 06:27:31 PM
Quote from: Flexacon on October 31, 2021, 04:06:27 AM
Great video regarding ATHs. This is the one youtubers videos I should never have stopped watching.


He is much better now. Earlier he would say up, down, left, right which means after all the smart maths he did, he still wasn’t sure WTF was going on. He actually gives an opinion now and it’s been solid. His interview with Saylor was brutal, good on him for standing up to Saylor.

Meanwhile Twitter has traders make so many bad calls once the market stopped going up, it is now a comedic theme of influencers hiding behind tweets meant to confuse to hide the fact they don’t know WTF they are doing and got wrecked.

There was that Alex Saunders Aussie guy. Had millions, used leverage, got wiped out, borrowed, lost it all again, arranged more BTC loans and ultimately scammed big name influencers and has left social media lol.

Alts are kicking ass.

That was another lie I learned from last time. The big money in alts is made early, not later.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 01, 2021, 06:52:02 PM
Its true the big money in alts is early. Ideally as the founder, or at the top of the source prior to mainstream release. After that its a matter of milking the masses. Not sure its a proud way to be making money, but it is what it is...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 02, 2021, 03:00:32 AM
Quote from: Mayday on November 01, 2021, 06:27:31 PM
He is much better now. Earlier he would say up, down, left, right which means after all the smart maths he did, he still wasn’t sure WTF was going on. He actually gives an opinion now and it’s been solid. His interview with Saylor was brutal, good on him for standing up to Saylor.

Meanwhile Twitter has traders make so many bad calls once the market stopped going up, it is now a comedic theme of influencers hiding behind tweets meant to confuse to hide the fact they don’t know WTF they are doing and got wrecked.

There was that Alex Saunders Aussie guy. Had millions, used leverage, got wiped out, borrowed, lost it all again, arranged more BTC loans and ultimately scammed big name influencers and has left social media lol.

Alts are kicking ass.

That was another lie I learned from last time. The big money in alts is made early, not later.

Bitcoin boomers don't seem to understand that. Fair enough I guess if they can't pick which Alts to get behind.

Why buy and hold bitcoin right now for 2% gains when you can get 10% to 100% plus gains by picking the right in alts in that same time period? Once the cycle ends you can roll all that into bitcoin or other less risky investments.

(Can't wait for some maxi moron to come along and tell me it can't be done so I can own them like a bitch again)

Also I'm not gonna hold it against Cowen if he doesn't give an opinion or position (at least in his free youtube content) It should really be down to the individual to use any information he provides the best way they see fit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 02, 2021, 03:04:32 AM
Quote from: gib on November 01, 2021, 06:52:02 PM
Its true the big money in alts is early. Ideally as the founder, or at the top of the source prior to mainstream release. After that its a matter of milking the masses. Not sure its a proud way to be making money, but it is what it is...

There are still potentially plenty of undervalued (in terms of crypto) and unloved utility Alts that are yet to have their day. You just have to keep yourself in the loop with regards to what the project is doing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 02, 2021, 04:01:55 AM
Quote from: Flexacon on November 02, 2021, 03:00:32 AM

Why buy and hold bitcoin right now for 2% gains when you can get 10% to 100% plus gains by picking the right in alts in that same time period?

Because most people, including you, cannot pick the next "right alt", (even though you may think you can...)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 02, 2021, 04:06:52 AM
Quote from: gib on November 02, 2021, 04:01:55 AM
Because most people, including you, cannot pick the next "right alt", (even though you may think you can...)

No one on here believes there is "one true alt". We leave that nonsense to you maxis. You don't need to pick "the next right alt". Just enough of them out performing bitcoin in the short term.

You can throw 3 darts at the top 100 alts right now and the odds would be in your favour that combined they'd out perform bitcoin in the short term. Now if you put some time in and look at the utility, people involved and what stage the project is at, then you can shift the odds even further in your favour.

Also I did tell you to buy LRC a few days ago. It's up 200% since then. Bitcoin in that time is up 2%.

Somehow I don't think I'll be stacking sats just yet, but there is a very good chance I'll be joining you at the end of this cycle/next cycle bottom after alts capitulate.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 02, 2021, 05:30:45 AM
Quote from: Flexacon on November 02, 2021, 04:06:52 AM
No one on here believes there is "one true alt". We leave that nonsense to you maxis. You don't need to pick "the next right alt". Just enough of them out performing bitcoin in the short term.

You can throw 3 darts at the top 100 alts right now and the odds would be in your favour that combined they'd out perform bitcoin in the short term.

Also I did tell you to buy LRC a few days ago. It's up 200% since then. Bitcoin in that time is up 2%.

Somehow I don't think I'll be stacking sats just yet, but there is a very good chance I'll be joining you at the end of this cycle/next cycle bottom after alts capitulate.

Good luck!

Here's a fun challenge - post your exact alt trades here, and then do a comparison to BTC over time. If starting from today, assume every holding is a "purchase" at day #1.

Will be interesting to see how you go. (Or just even do this for yourself, to ensure you are keeping yourself honest, so to speak. Many alt traders, and currency traders, and stock days traders, kidd themselves about how well they are actually doing.)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 02, 2021, 05:48:58 AM
Quote from: gib on November 02, 2021, 05:30:45 AM
Good luck!

Here's a fun challenge - post your exact alt trades here, and then do a comparison to BTC over time. If starting from today, assume every holding is a "purchase" at day #1.

Will be interesting to see how you go. (Or just even do this for yourself, to ensure you are keeping yourself honest, so to speak. Many alt traders, and currency traders, and stock days traders, kidd themselves about how well they are actually doing.)

Here is the thing I have always done that for myself. I have also done that on here to a degree going back to 2018. More so recently, and this is why I troll maxis on here with conviction, because I can back it up.

I don't trade in the ways you mention or probably think. I have always said I'm a mid-term/take profit hodler. It's not that different to what you do with btc. I just try hodl utility coins that I believe will give better returns.

My 3 main coins are ETH, LRC and DOT. Just for fun let's add Efinity. Something you mentioned an interest in. Let's see how it would do if you actually held it and took profits like I would. If you've done your due diligence and like it, then no better time to buy than right now.

Btw LRC is now up 300% since I told you to buy it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 02, 2021, 07:06:08 PM
Correct. Yes, I do hold Efinity. Long term hodl for me, but I generally keep it simple - BTC only.

I am not disputing that some alts you have chosen will (or have) risen. What I am disputing is that overall you can reliably do this consistently, so that your gains in doing so outperform the performance of BTC in the long run. So, its this that I challenge you to track.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Agnostic007 on November 02, 2021, 07:47:00 PM
How do I sell my bitcoins?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 02, 2021, 10:28:15 PM
Quote from: gib on November 02, 2021, 07:06:08 PM
Correct. Yes, I do hold Efinity. Long term hodl for me, but I generally keep it simple - BTC only.

I am not disputing that some alts you have chosen will (or have) risen. What I am disputing is that overall you can reliably do this consistently, so that your gains in doing so outperform the performance of BTC in the long run. So, its this that I challenge you to track.

You're trying to dispute something I never claimed. In fact I suggested the opposite strategy. I basically said take short term alt gains and roll them into a safer bet like bitcoin.

Quote from: Flexacon on November 02, 2021, 03:00:32 AM
Bitcoin boomers don't seem to understand that. Fair enough I guess if they can't pick which Alts to get behind.

Why buy and hold bitcoin right now for 2% gains when you can get 10% to 100% plus gains by picking the right in alts in that same time period? Once the cycle ends you can roll all that into bitcoin or other less risky investments.

Quote from: Flexacon on November 02, 2021, 04:06:52 AM

Somehow I don't think I'll be stacking sats just yet, but there is a very good chance I'll be joining you at the end of this cycle/next cycle bottom after alts capitulate.

It's simple. When bitcoin is hitting all time highs, a lot of alts go parabolic in price. That's what you're missing out on and believe is difficult to do, to the point you think anyone making such claims is lying to themselves. Are you HumbleNarcissist in disguise?

Also let's ignore the fact that I even told you to buy ETH and LRC literally hours before the pumped to a new ATH and 300% respectively. Let's call that "luck". You don't need to take my word for any of this. Charts with price history and dates/times are freely available to everyone for comparisons and you can make your own conclusions.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 03, 2021, 01:19:10 AM
https://www.bloomberg.com/news/articles/2021-11-02/ethereum-futures-etf-more-likely-than-bitcoin-fund-bi-says?utm_medium=social&utm_source=twitter&utm_content=crypto&utm_campaign=socialflow-organic

Crypto Might See An Ethereum Futures ETF More Before Spot Bitcoin Funds

U.S. regulators are more likely to approve an Ethereum futures-based ETF before giving the greenlight on a fund that holds Bitcoin directly, according to Bloomberg Intelligence.

“Most market participants agree that a spot Bitcoin ETF would be superior to existing futures ETFs, yet SEC approval of the former may be delayed until late 2022 or beyond,” James Seyffart, analyst at Bloomberg Intelligence, wrote in a note Tuesday. An Ethereum futures exchange-trade fund could be approved as soon as the first quarter of next year, he estimated.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 03, 2021, 04:32:35 AM
Quote from: Griffith on November 03, 2021, 01:19:10 AM
https://www.bloomberg.com/news/articles/2021-11-02/ethereum-futures-etf-more-likely-than-bitcoin-fund-bi-says?utm_medium=social&utm_source=twitter&utm_content=crypto&utm_campaign=socialflow-organic

Crypto Might See An Ethereum Futures ETF More Before Spot Bitcoin Funds

U.S. regulators are more likely to approve an Ethereum futures-based ETF before giving the greenlight on a fund that holds Bitcoin directly, according to Bloomberg Intelligence.

“Most market participants agree that a spot Bitcoin ETF would be superior to existing futures ETFs, yet SEC approval of the former may be delayed until late 2022 or beyond,” James Seyffart, analyst at Bloomberg Intelligence, wrote in a note Tuesday. An Ethereum futures exchange-trade fund could be approved as soon as the first quarter of next year, he estimated.

Yes. Very likely. I also think we will see more foreign physical ETFs before we see such an ETF in the US. But it will come. That will likely be the floodgate that moves BTC to the 100K mark. The delay now, is to allow all the government and institutional insiders, who know this is coming, to accumulate on the sly.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 04, 2021, 03:23:08 AM
Quote from: Flexacon on November 02, 2021, 03:00:32 AM
Also I'm not gonna hold it against Cowen if he doesn't give an opinion or position (at least in his free youtube content) It should really be down to the individual to use any information he provides the best way they see fit.

He copped enough shit for being a fence sitter and he changed his tune. Saylor belittled the maths he does (i doubt Saylor knew the guy's background) and he took offence and went after Saylor. If he wants to do things like that when he is the interviewer, then you better be sure as shit you are making market calls to backup that your super maths works. Otherwise it's like the high school maths teacher arguing with a billionaire about how their chalkboard maths predicts all things.......


Quote from: gib on November 02, 2021, 05:30:45 AM
Many alt traders, and currency traders, and stock days traders, kidd themselves about how well they are actually doing.)

Many BTC traders also kid themselves and get wrecked.

Alts allow lower investment to be offset by higher risk/reward. But you don't buy just one, that is your inner BTC maxi leading you astray. You buy a bunch of them and use the weighting for the overall performance. I have had some alts double, one go 5x, some do bugger all so overall my weighted bag is 60% ahead of my BTC/ETH performance.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 04, 2021, 09:09:03 PM
Quote from: Mayday on November 04, 2021, 03:23:08 AM

Many BTC traders also kid themselves and get wrecked.

For sure, especially newbees. The key is to learn the importance of hodl, and to understand that short term vol does not conflict with a long term trend.

Quote from: Mayday on November 04, 2021, 03:23:08 AM

Alts allow lower investment to be offset by higher risk/reward. But you don't buy just one, that is your inner BTC maxi leading you astray. You buy a bunch of them and use the weighting for the overall performance. I have had some alts double, one go 5x, some do bugger all so overall my weighted bag is 60% ahead of my BTC/ETH performance.

Yes, obviously the capacity of any lower market capped alt to increase is greater than a large cap. I can create an alt for $1, sell it for $10 and make a 1000% gain. Harder to do with a trillion dollar market capped stock. Hence the appeal of alts to some. Which is all good on the way up, and which is why a basket of "leading alts" will likely outperform ETH on the way up, and why ETH in turn will outperform BTC on the way up, with BTC being the centre of gravity around which all alts float.

The key is to know when things are going up (or down), as the same reverse happens to alts on in an overall decline. And so this is the crux of the issue - people kid themselves in thinking that they can predict market cycles. (Basic game theory that half the people, on average must be on the wrong side of this bet). So unless they are fortunate enough to sell, all those "big gains" in alts evaporate on a decline as money moves into safe haven BTC. If you can do this successfully, great. But reality is that over time, very few people (even very sophisticated investors) can do it long term. And hence, usually lessons are learned every big downward cycle adjustment.
 
There are of course a few tactics you can deploy to help reduce downside risk - for example always jeep a balance of 10 alt / 20 / Eth / 70 BTC and then rotated in and out, depending on these rations going up or down. I would also urge anyone thinking they can outperform with alts to truly track their alt portfolio against both a theoretical 100% BTC and 100% cash portfolio. Everyone I have challenged to do this since 2017 has eventually come to the same conclusion that they were indeed deluding themselves in how they viewed their longer term trading performance in alts. It's well worth doing as an exercise, if only to keep yourself honest to yourself! That is not to say that its not fun trading alts. Its certainly more exciting to see more vol, and so if you get a pleasure from that, that in itself is something of value (much like betting on horses, despite knowing that in the long run its a losing proposition).

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 04, 2021, 10:10:01 PM
Raoul Pal now holds 70% ETH, 25% Alts and 5% BTC in his portfolio.

https://www.cryptoglobe.com/latest/2021/10/former-goldman-sachs-exec-explains-why-his-crypto-portfolio-is-70-eth-5-btc/amp/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 04, 2021, 11:12:01 PM
Quote from: Griffith on November 04, 2021, 10:10:01 PM
Raoul Pal now holds 70% ETH, 25% Alts and 5% BTC in his portfolio.

https://www.cryptoglobe.com/latest/2021/10/former-goldman-sachs-exec-explains-why-his-crypto-portfolio-is-70-eth-5-btc/amp/

He switched out a few months back.

His price predictions are very dubious. There is no 'we are all gunna make it'. He will tell everyone it's going to be over 250k so that you keep holding and buying while he dumps onto you....... i mean, he did dump his BTC onto plebs.

But he also has a residence in the Caymans so he isn't paying any tax and can switch around his crypto holdings easily.

We are about to begin a weekend and it wouldn't surprise me at all to see BTC hit a new ATH.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 04, 2021, 11:55:29 PM
Quote from: Mayday on November 04, 2021, 11:12:01 PM
He switched out a few months back.

His price predictions are very dubious. There is no 'we are all gunna make it'. He will tell everyone it's going to be over 250k so that you keep holding and buying while he dumps onto you....... i mean, he did dump his BTC onto plebs.

But he also has a residence in the Caymans so he isn't paying any tax and can switch around his crypto holdings easily.

We are about to begin a weekend and it wouldn't surprise me at all to see BTC hit a new ATH.

Wouldn’t surprise me either to see another BTC high this weekend.

The point he made is that at the moment ETH has potential for higher returns compared to BTC, though with slightly more risk.

If BTC doubles from here, ETH will probably 3X.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on November 05, 2021, 03:08:26 AM
Quote from: Griffith on November 04, 2021, 10:10:01 PM
Raoul Pal now holds 70% ETH, 25% Alts and 5% BTC in his portfolio.

https://www.cryptoglobe.com/latest/2021/10/former-goldman-sachs-exec-explains-why-his-crypto-portfolio-is-70-eth-5-btc/amp/

Pal is like Vays, Woo, Clemente and all other smoke selling douche bags. If you listen carefully, Pal tells you what to buy, not when to buy it. That and the fact that his real goal is to sell his Real Vision product, which he shills every two words. And Real Vision isn't really that useful either, it sells macro information and gives you an "informed" view of the markets via interviews of people of shady pedigree. I mean, Brett Johnson? Lyn Alden? 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 05, 2021, 06:12:07 AM
Quote from: gib on November 04, 2021, 09:09:03 PM
For sure, especially newbees. The key is to learn the importance of hodl, and to understand that short term vol does not conflict with a long term trend.

Yes, obviously the capacity of any lower market capped alt to increase is greater than a large cap. I can create an alt for $1, sell it for $10 and make a 1000% gain. Harder to do with a trillion dollar market capped stock. Hence the appeal of alts to some. Which is all good on the way up, and which is why a basket of "leading alts" will likely outperform ETH on the way up, and why ETH in turn will outperform BTC on the way up, with BTC being the centre of gravity around which all alts float.

The key is to know when things are going up (or down), as the same reverse happens to alts on in an overall decline. And so this is the crux of the issue - people kid themselves in thinking that they can predict market cycles. (Basic game theory that half the people, on average must be on the wrong side of this bet). So unless they are fortunate enough to sell, all those "big gains" in alts evaporate on a decline as money moves into safe haven BTC. If you can do this successfully, great. But reality is that over time, very few people (even very sophisticated investors) can do it long term. And hence, usually lessons are learned every big downward cycle adjustment.
 
There are of course a few tactics you can deploy to help reduce downside risk - for example always jeep a balance of 10 alt / 20 / Eth / 70 BTC and then rotated in and out, depending on these rations going up or down. I would also urge anyone thinking they can outperform with alts to truly track their alt portfolio against both a theoretical 100% BTC and 100% cash portfolio. Everyone I have challenged to do this since 2017 has eventually come to the same conclusion that they were indeed deluding themselves in how they viewed their longer term trading performance in alts. It's well worth doing as an exercise, if only to keep yourself honest to yourself! That is not to say that its not fun trading alts. Its certainly more exciting to see more vol, and so if you get a pleasure from that, that in itself is something of value (much like betting on horses, despite knowing that in the long run its a losing proposition).

HumbleGibissist still at it.

You leave out one crucial bit of information in your brand of FUD against ALTs. Not all ALTs are the same. They vary from being complete garbage to potentially being pillars in Web 3.0

Put effort into finding ALT projects worth hodling and any "timing of the market" and "selling for big gains" along the way is just a nice bonus.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 06, 2021, 02:38:02 AM
Quote from: Flexacon on November 05, 2021, 06:12:07 AM
Alts vary from being complete garbage to potentially being pillars in Web 3.0

Put effort into finding ALT projects worth hodling and any "timing of the market" and "selling for big gains" along the way is just a nice bonus.

I agree with you. Yes, the vast amount of "projects" are alt scams, but I agree that some are legit and may add true value. The problem here is that almost no-one alt-trading values them for their project's calculated economic worth. In other words just because something provides value does not mean its current price is justified.  I've actually tried doing a calculation of value with UniSwap and Efinity. Both have a theoretical value that can be calculated, but there are so many factors in the mix that is almost impossible to calculate in practice.

With Bitcoin this dilemma is of course much easier, as its entire value is as a fundamental base layer store of wealth. The problem with the many "alt projects" that are not outright scams, is that there is a coin issued against the project which has its value ultimately tied to the success of the project it was issued for, (which in turn is extremely difficult to calculate). It is only a minute % of alt investors who would actually apply an economic valuation metric to an alt. Almost all simply look at "trading patterns", or base their decisions on ridiculous factors such as "the price is cheaper so I get more of them" or "it has a cool sounding name". Remember also that some protocols that are pillars of 3.0 may be widely adopted but essentially free. So don't be confused with functional use vs coin value on those either. Anyhow, good luck. Short term its all sentiment driven. Mark my words, you will learn an alt lesson in due course. (I am guessing this is your first time around in an alt cycle correct? If not, then ask yourself how many alts from the last cycle in 2018 are still around and talked about). Same thing will happen in 2025 as we look back on 2021... Wish you luck!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on November 06, 2021, 04:06:01 AM
Quote from: Flexacon on November 05, 2021, 06:12:07 AM
HumbleGibissist still at it.

You leave out one crucial bit of information in your brand of FUD against ALTs. Not all ALTs are the same. They vary from being complete garbage to potentially being pillars in Web 3.0

Put effort into finding ALT projects worth hodling and any "timing of the market" and "selling for big gains" along the way is just a nice bonus.

BTC and ETH will never grow at the rates of some ALTs.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 06, 2021, 05:46:41 AM
Quote from: gib on November 06, 2021, 02:38:02 AM
I agree with you. Yes, the vast amount of "projects" are alt scams, but I agree that some are legit and may add true value. The problem here is that almost no-one alt-trading values them for their project's calculated economic worth. In other words just because something provides value does not mean its current price is justified.  I've actually tried doing a calculation of value with UniSwap and Efinity. Both have a theoretical value that can be calculated, but there are so many factors in the mix that is almost impossible to calculate in practice.

With Bitcoin this dilemma is of course much easier, as its entire value is as a fundamental base layer store of wealth. The problem with the many "alt projects" that are not outright scams, is that there is a coin issued against the project which has its value ultimately tied to the success of the project it was issued for, (which in turn is extremely difficult to calculate). It is only a minute % of alt investors who would actually apply an economic valuation metric to an alt. Almost all simply look at "trading patterns", or base their decisions on ridiculous factors such as "the price is cheaper so I get more of them" or "it has a cool sounding name". Remember also that some protocols that are pillars of 3.0 may be widely adopted but essentially free. So don't be confused with functional use vs coin value on those either. Anyhow, good luck. Short term its all sentiment driven. Mark my words, you will learn an alt lesson in due course. (I am guessing this is your first time around in an alt cycle correct? If not, then ask yourself how many alts from the last cycle in 2018 are still around and talked about). Same thing will happen in 2025 as we look back on 2021... Wish you luck!

I held BTC and ETH during the 2018 cycle and then got back in ETH. I bought and held it on it's merits as a project until May this year. I'd say that worked out well. Back in on ETH. Added DOT and LRC.

Sure ALTS are overvalued. I've already alluded to that in an earlier post. You mention the dilemma and it being easier with Bitcoin, well taking profits along the way with ALTs makes the dilemma less of an issue.

You mention functionality use vs coin value. If you look at the 3 ALTs I mentioned, they have to varying degrees come up with solutions with regards to tying in coin value to functional use and more importantly introduced digital scarcity. As a bitcoin maxi you should be able understand how important that is.

Here is the thing regarding the retardedness of some of those involved in ALTs. A lot of people make a lot of money doing the things you mention. Sure it involves a huge element of luck, but why ignore this aspect of the market and leave money on the table? Why not stack the deck in your favour by also accounting for this?

Let's say 1 or 2 of the ALTs I mention pumped in a big way because of sentiment etc. Is that me getting lucky or me taking time to follow the project, look at developments, updates and eventually conclude the big announcements and releases would be made during what I perceived would be crypto bull market and that they would pump? Not all pumps are because of retards.. For every Shiba there is a Sol.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 07, 2021, 12:57:59 AM
This may be of interest.

Efinity is the only alt I own, primarily due to technology and prospects really appealing to me. So for its done well for me, but I plan to hold long term. The development team behind this seem super strong from a technical depth perspective.

https://www.coindesk.com/business/2021/11/04/enjin-forms-100m-fund-to-support-metaverse-projects/?

https://app.pitch.com/app/public/player/5b8bd4e6-6537-4c7a-b8e4-b1afd8970f06/ecc519a7-6ace-4f8b-86ca-f3999bc93e47?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on November 07, 2021, 06:09:49 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 07, 2021, 08:20:56 AM
Quote from: gib on November 07, 2021, 12:57:59 AM
This may be of interest.

Efinity is the only alt I own, primarily due to technology and prospects really appealing to me. So for its done well for me, but I plan to hold long term. The development team behind this seem super strong from a technical depth perspective.

https://www.coindesk.com/business/2021/11/04/enjin-forms-100m-fund-to-support-metaverse-projects/?

https://app.pitch.com/app/public/player/5b8bd4e6-6537-4c7a-b8e4-b1afd8970f06/ecc519a7-6ace-4f8b-86ca-f3999bc93e47?

It's a hodl that relies on DOT being successful so ...

@onemorerep. This may be of interest to you as Efinity is metaverse related.

Also a few weeks back when onemorerep posted regarding the metaverse and asked about any related alts to put money in, We did not have an answer for him. 2 weeks later a metaverse alt MANA pumped x4.

It doesn't matter if your main play is hodling btc, eth, alts or trading. Fact is we are all leaving easy money on the table by not knowing enough about the different ALT projects.

Efinity still looks like a great buy even after pumping x2 especially when you compare it to what Enjin has done recently.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 07, 2021, 01:19:33 PM
Quote from: Flexacon on November 07, 2021, 08:20:56 AM
It's a hodl that relies on DOT being successful so ...

@onemorerep. This may be of interest to you as Efinity is metaverse related.

Also a few weeks back when onemorerep posted regarding the metaverse and asked about any related alts to put money in. We did not have an answer for him. 2 weeks later a metaverse alt MANA pumped x4.

It doesn't matter if your main play is hodling btc, eth, alts or trading. Fact is we are all leaving easy money by not knowing enough about the different ALT projects.

Efinity still looks like a great buy even after pumping x2 especially when you compare to what Enjin has done recently.

SAND also pumped 150%
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 08, 2021, 03:33:09 PM
BTC moving up! Go BTC!  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 08, 2021, 04:08:10 PM
Quote from: Griffith on November 07, 2021, 01:19:33 PM
SAND also pumped 150%

I had a reasonable amount of SAND before the 5x move. I then moved 25% of it into DOGE.

Quote from: obsidian on November 08, 2021, 03:33:09 PM
BTC moving up! Go BTC!  ;D

67.5k  :o
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 09, 2021, 05:01:39 AM
LRC up 600% for me. Hit my crypto targets and the bull run has barely started. Hodling the rest until it hits a possible 3000%.

Yes it's still a great buy IMO. 2 major announcements for the project have still not been announced. First one will make it a "Matic killer" and send it into top 20 cryptos. It eliminates high gas fees on ETH and is Buterin endorsed! Second one is a major retail partnership (gaming) that could send it top 10.

Don't say no one didn't tell you.

(https://c.tenor.com/XJ3-knkpI0QAAAAM/im-out-we-out.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on November 09, 2021, 05:26:56 AM
Quote from: Flexacon on November 09, 2021, 05:01:39 AM
LRC up 600% for me. Hit my crypto targets and the bull run has barely started. Hodling the rest until it hits a possible 3000%.

Yes it's still a great buy IMO. 2 major announcements for the project have still not been announced. First one will make it a "Matic killer" and send it into top 20 cryptos. It eliminates gas fees on ETH and is Buterin endorsed! Second one is a major retail partnership (gaming) that could send it top 10.

Don't say no one didn't tell you.

(https://c.tenor.com/XJ3-knkpI0QAAAAM/im-out-we-out.gif)

I messed with LRC.  Watched it test 2.5 yesterday, then like an asshole got out at 2.03 and took profits.

Woke up and saw I was stupid.

But the 24/7 nature of the crypto market can be tiring.

Testing 2.5 today...you think it can run up?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 09, 2021, 05:39:44 AM
Quote from: Grape Ape on November 09, 2021, 05:26:56 AM
I messed with LRC.  Watched it test 2.5 yesterday, then like an asshole got out at 2.03 and took profits.

Woke up and saw I was stupid.

But the 24/7 nature of the crypto market can be tiring.

Testing 2.5 today...you think it can run up?

Yes.

The dips are just whales playing on market sentiment to steal 20% here and there from retail. It's not a bad thing either. Price consolidation like this is better for the long term future.

LRC won't crash. This is not a pump and dump coin. It's an actual utility coin with a future. It makes eth almost gas free so once the final version of the wallet is launched everyone will jump on it. This is due for launch very soon... Weeks if not days.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on November 09, 2021, 05:53:35 AM
Read an interesting article on the Shiba Inu coin.  Some dude spent $13K and they say it's worth $5billion now but the wallet hasn't been touched or accessed in over 200 days.  I wonder if this person died or what.  Also if he want to cash it out, who would actually have the money to give him?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 09, 2021, 06:05:53 AM
Quote from: El Diablo Blanco on November 09, 2021, 05:53:35 AM
Read an interesting article on the Shiba Inu coin.  Some dude spent $13K and they say it's worth $5billion now but the wallet hasn't been touched or accessed in over 200 days.  I wonder if this person died or what.  Also if he want to cash it out, who would actually have the money to give him?

Last I heard that huge shiba wallet actually became active, so I guess that person is still alive.

They can't cash out all at once, price will crash, but some exchanges like kraken have a premium service where they can slowly cash out whales without causing a huge dip in price.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on November 09, 2021, 06:10:02 AM
Quote from: Flexacon on November 09, 2021, 05:39:44 AM
Yes.

The dips are just whales playing on market sentiment to steal 20% here and there from retail. It's not a bad thing either. Price consolidation like this is better for the long term future.

LRC won't crash. This is not a pump and dump coin. It's an actual utility coin with a future. It makes eth gas free so once the final version of the wallet is launched everyone will jump on it. This is due for launch very soon... Weeks if not days.

Thanks.

I've gotten familiar a bit watching crypto patterns and can see the whale market manipulation.

Starting to get the difference between alts with a purpose and just alts for the sake of alts.

I rebought today, wondering if I should go bigger.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 09, 2021, 06:36:58 AM
Quote from: Grape Ape on November 09, 2021, 06:10:02 AM
Thanks.

I've gotten familiar a bit watching crypto patterns and can see the whale market manipulation.

Starting to get the difference between alts with a purpose and just alts for the sake of alts.

I rebought today, wondering if I should go bigger.

This was the only crypto I was buying when I thought we were in a bear market. We are in a bull market now where everything goes up, so...

Don't watch the market. Go read everything on loopring twitter and daniel wang ceo twitter in the last 6 months. Then read the recent quarterlies and white paper. If that's too much work, just watch what Buterin has to say and then decide if you buy, sell or hold.

1hr 10 mark   

&feature=emb_logo
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on November 09, 2021, 06:49:41 AM
Quote from: Flexacon on November 09, 2021, 06:36:58 AM
This was the only crypto I was buying when I thought we were in a bear market. We are in a bull market now where everything goes up, so...

Don't watch the market. Go read everything on loopring twitter and daniel wang ceo twitter in the last 6 months. Then read the recent quarterlies and white paper. If that's too much work, just watch what Buterin has to say and then decide if you buy, sell or hold.

1hr 10 mark   

&feature=emb_logo

I appreciate you taking the time to answer my questions man.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 09, 2021, 07:37:36 AM
Quote from: Grape Ape on November 09, 2021, 06:49:41 AM
I appreciate you taking the time to answer my questions man.

Don't forget my 50% cut  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on November 09, 2021, 07:47:30 AM
Quote from: Flexacon on November 09, 2021, 07:37:36 AM
Don't forget my 50% cut  ;D

 ;D ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: djliftsthings on November 09, 2021, 09:39:53 PM
While the FBI may have its hands on the founder of Silk Road’s bitcoin wallet, that doesn’t mean it has access to what's inside. Ross Ulbricht, despite his own self-incriminations as the mastermind behind the online black marketplace, was able to do one thing right: secure his bitcoins.

A reported 600,000 BTC belonging to Ulbricht is in the FBI’s hands. But they can’t access the bitcoin wallet because it is encrypted.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Pork_Chop on November 10, 2021, 07:38:40 AM
Polkadot

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on November 10, 2021, 09:06:38 AM
Quote from: djliftsthings on November 09, 2021, 09:39:53 PM
While the FBI may have its hands on the founder of Silk Road’s bitcoin wallet, that doesn’t mean it has access to what's inside. Ross Ulbricht, despite his own self-incriminations as the mastermind behind the online black marketplace, was able to do one thing right: secure his bitcoins.

A reported 600,000 BTC belonging to Ulbricht is in the FBI’s hands. But they can’t access the bitcoin wallet because it is encrypted.

Are you sure it's 600K coins?  that's almost 3% of all bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: djliftsthings on November 10, 2021, 09:11:27 AM
Quote from: El Diablo Blanco on November 10, 2021, 09:06:38 AM
Are you sure it's 600K coins?  that's almost 3% of all bitcoin.

100%, multiple articles. Ill dig one up

heres what it says--I dont know what the commissions thing means, not my area

How many bitcoin did FBI seize from Silk Road?
Mr. Ulbricht, who operated Silk Road between 2011 and 2013, accepted bitcoin as a payment on his website. When federal officials arrested him in October 2013, they seized about 175,000 bitcoins but estimated that the website had generated commissions totaling more than 600,000 bitcoins.Nov. 5, 2020
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 11, 2021, 04:25:13 PM
Quote from: Flexacon on November 09, 2021, 05:01:39 AM
LRC up 600% for me. Hit my crypto targets and the bull run has barely started. Hodling the rest until it hits a possible 3000%.

Yes it's still a great buy IMO. 2 major announcements for the project have still not been announced. First one will make it a "Matic killer" and send it into top 20 cryptos. It eliminates high gas fees on ETH and is Buterin endorsed! Second one is a major retail partnership (gaming) that could send it top 10.

Don't say no one didn't tell you.

(https://c.tenor.com/XJ3-knkpI0QAAAAM/im-out-we-out.gif)

Upgrading this to LRC being a top 5 and possibly top 3 coin at some point in the next 6 to 24 months (pending deployment of upgrades)

Matic will also be fine, but will become something different (polygon Hermez)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on November 11, 2021, 04:27:16 PM
Quote from: Flexacon on November 11, 2021, 04:25:13 PM
Upgrading this to LRC being a top 5 and possibly top 3 coin at some point in the next 6 to 24 months (pending deployment of upgrades)

Matic will also be fine, but will become something different (polygon Hermez)

Bought back in in the 2.5 range, saw the spike, been wondering if to go in heavier.

Think it will go sub 3 again?

When you say top 3, you mean another mainstay like BTC / ETH, right?  Not necessarily price?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 11, 2021, 04:46:10 PM
Quote from: Grape Ape on November 11, 2021, 04:27:16 PM
Bought back in in the 2.5 range, saw the spike, been wondering if to go in heavier.

Think it will go sub 3 again?

When you say top 3, you mean another mainstay like BTC / ETH, right?  Not necessarily price?

Price held and was green when the rest of the market crashed yesterday. Up, I'm looking at $7.5 to $10 in the next few weeks if the market doesn't take another hit. There is no point looking at short time prices though. This is a long term play.

Yes top 3, after btc and eth.

LRC makes most of the other blockchains in the top 10 redundant. Ethereum is great, but it's slow and expensive. Other blockchains like bnb and sol offer an alternative. They are faster and cheaper but are not as decentralised and as secure as Eth.

LRC is built on top of Eth in a way that keeps all the decentralisation and security and adds speed and lowers gas fees. Transactions are a 1000 times faster and gas fees are in the cents. It makes no sense for people to use centralized block chains if LRC (in combo with ETH) works as a solution. This is the solution VladB is backing long term. That's why I see it becoming a top 3-5 crypto. There are other things it can do, but for now this is the most important.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 16, 2021, 11:08:45 PM
Variances in calendar days difference between 2021 and 2013 is between -3 / 9 / 16.

We are at 7 days lag so either we see this rally in the next couple of days or we see it rally in a week's time.

Either way it will rally, there is no mad puke from here.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on November 17, 2021, 07:23:57 AM
Quote from: djliftsthings on November 10, 2021, 09:11:27 AM
100%, multiple articles. Ill dig one up

heres what it says--I dont know what the commissions thing means, not my area

How many bitcoin did FBI seize from Silk Road?
Mr. Ulbricht, who operated Silk Road between 2011 and 2013, accepted bitcoin as a payment on his website. When federal officials arrested him in October 2013, they seized about 175,000 bitcoins but estimated that the website had generated commissions totaling more than 600,000 bitcoins.Nov. 5, 2020

Now there's a lawsuit in Flordia of the family of Satoshi's partner who passed away.  Now they want access to the wallet with 1 Million BTC.

The biggest holdback of BTC and ETH is the thousands of other crypto coins grabbing money, like the fucking joke Shiba Inu coin which is worth billions.  These other coins will be the downfall of Crypto.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 17, 2021, 01:48:30 PM
Quote from: El Diablo Blanco on November 17, 2021, 07:23:57 AM
The biggest holdback of BTC and ETH is the thousands of other crypto coins grabbing money, like the fucking joke Shiba Inu coin which is worth billions.  These other coins will be the downfall of Crypto.

No they won’t.

When was the last time companies were valued correctly on the sharemarket? Amazon is valued 77x earning yet loses money. Tesla valued at 2T and loses money. If the equities market does not follow valuation fundamentals why do you expect other markets to?

Value can be derived from social trends just like art and property.

Most are going to be working from home from now on. Digital socialising is going to be here quicker than people realise and these cryptos will be used in different realms. The gaming community has 100x the imagination of normies.

Get into SOL

Get into AVAX

Don’t worry too much about specific gaming cryptos as those games will be short lived when proper large studios adopt NFT. Just buy the network those are built on. You need to lookout for UbISoft, real3D, epic games, Bethesda, rockstar adopting NFT and crypto.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 18, 2021, 11:17:57 AM
Run up starts 20th.

Loaded up on Polygon Matic. They've pivoted away from just being a side chain and recently added several layer 2 projects and talent to their books (Hermez and Miden are gold) It now has more potential than ever, yet is half the price of it's ATH.

Also their twitter is pretty.

https://twitter.com/0xPolygon?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on November 18, 2021, 05:49:00 PM
For those that haven't noticed, Metaverse/gaming themed coins are rallying: $SAND, $MANA, $ENJIN. No idea whether they are worth long-term action, but even if holding for a number of months to a year at most, might not hurt.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on November 18, 2021, 07:46:20 PM
Most of the market is down.

May have to go more in on LRC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on November 19, 2021, 04:49:29 AM
BTC $ 57,261.06
 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 19, 2021, 02:27:16 PM
Identical pattern to Q4 2020 entering a bullrun.

Expect longs to begin closing very hard out to end of year as FOMO price action comes into play.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on November 19, 2021, 02:45:53 PM
Anyone still like Vechain?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 19, 2021, 04:05:49 PM
Quote from: Grape Ape on November 19, 2021, 02:45:53 PM
Anyone still like Vechain?

Yes.

Chart pattern looks primed. This hasn’t pumped yet and looking at the 2020 ramp this was one of the last to go on a run in the tail part of November.

Good timing to mentioning this one, I just chucked a few thou in now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on November 20, 2021, 01:59:26 AM
HEX $ 0.1928

all quiet from Richard Heart  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on November 20, 2021, 04:18:03 AM
Quote from: FitnessFrenzy on November 20, 2021, 01:59:26 AM
HEX $ 0.1928

all quiet from Richard Heart  :D

He had COVID.

Having said this... patience my friend. We were at 0.005 around this time last year. 37x.

Another 37x and we'll be at $7.00.

(https://c.tenor.com/n-22FgVDB9YAAAAM/baby-scream-yeah.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 20, 2021, 10:41:43 AM
Quote from: Flexacon on November 18, 2021, 11:17:57 AM
Run up starts 20th.


(https://i.giphy.com/media/8igfrOLF6m9jv0T3W0/giphy.webp)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on November 20, 2021, 10:51:48 AM
Bitcoin showing signs of recovery and its gravitational pull is bringing altcoins along for the ride.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on November 21, 2021, 02:23:48 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 26, 2021, 02:32:00 AM
The way I had it tagged, today is the last day of the outlier for BTC to rally and close above 59k which would signal we will have a 2013 rally event.

If we don’t rally today through to Monday I take that as no 2013 rapid end and will look to a repeat of the trend 2020-2021.

Note the same day last year was nuked…… nothing more than a last minute beat down to long from 10% lower starting point. Seasonality is in our favour and I am all in at this point.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 26, 2021, 05:35:23 AM
Quote from: Mayday on November 26, 2021, 02:32:00 AM
The way I had it tagged, today is the last day of the outlier for BTC to rally and close above 59k which would signal we will have a 2013 rally event.

If we don’t rally today through to Monday I take that as no 2013 rapid end and will look to a repeat of the trend 2020-2021.

Note the same day last year was nuked…… nothing more than a last minute beat down to long from 10% lower starting point. Seasonality is in our favour and I am all in at this point.

They day after the July 21st dip caused by delta covid news was basically the start of the current bull run.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 26, 2021, 05:49:16 AM
Quote from: Flexacon on November 26, 2021, 05:35:23 AM
They day after the July 21st dip caused by delta covid news was basically the start of the current bull run.

This dip is a good sign.

Especially considering that it has hit and bounced off support again, about 4k for ETH.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 26, 2021, 12:42:21 PM
Quote from: Flexacon on November 26, 2021, 05:35:23 AM
They day after the July 21st dip caused by delta covid news was basically the start of the current bull run.

Yup, the big players wiped out everything today. Oil beat to shit. Tesla beat to shit.

They are all buying it up, just like in September and then we rallied higher.

The irony is using a new delta strain to justify the sell off when history tells us it is a strong rally signal because it means continued QE, stimulus and no tapering……. Crypto will rip and we look for a top in April or Nov/Dec 2022.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 26, 2021, 03:56:02 PM
Quote from: Mayday on November 26, 2021, 12:42:21 PM
Yup, the big players wiped out everything today. Oil beat to shit. Tesla beat to shit.

They are all buying it up, just like in September and then we rallied higher.

The irony is using a new delta strain to justify the sell off when history tells us it is a strong rally signal because it means continued QE, stimulus and no tapering……. Crypto will rip and we look for a top in April or Nov/Dec 2022.

 Wasn't looking forward to a parabolic cycle top and staying in stable coin if we did peak in dec/jan. A slow extended cycle is much better, potentially better gains too!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 26, 2021, 06:43:38 PM
Quote from: Flexacon on November 26, 2021, 03:56:02 PM
Wasn't looking forward to a parabolic cycle top and staying in stable coin if we did peak in dec/jan. A slow extended cycle is much better, potentially better gains too!

There is going to be so much sell pressure at 100k it isn't funny and i just don't see us bursting through it like butter on the first attempt.

A longer timeline opens up higher values, instead of 130k we can look towards the 200k mark. I would much prefer an end of 2022 run but i'll take whatever happens.

Depending on perspective, one could argue because of less volatility, things have gotten quicker.
April peak - July bear market bottom - April 2023 peak - July bear market bottom - December 2024 peak etc.....

Without the insane peaks happening to BTC, i just don't see why we would have any multi year bear markets in crypto in the future. Look at Amazon from 2007 and you see a constant rise from $35 up to $3,500. All it took was 14 years and crypto is moving WAY quicker than Amazon.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 02, 2021, 04:03:23 AM
Cardano (ADA) has been under-performing recently compared to BTC and ETH.

At levels not far off from early this year.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SexyCustomSynthesis250 on December 02, 2021, 04:11:27 AM
Quote from: Griffith on December 02, 2021, 04:03:23 AM
Cardano (ADA) has been under-performing recently compared to BTC and ETH.

At levels not far off from early this year.

this is great to know

I think I'm going to hop on the old DEX and buy your fucking bags

 :D


With Good Nutrition, ...Good Things Happen!
This posting is © by
Dan Duchaine, 2006
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 02, 2021, 05:21:16 AM
Quote from: SexyCustomSynthesis250 on December 02, 2021, 04:11:27 AM
this is great to know

I think I'm going to hop on the old DEX and buy your fucking bags

 :D


With Good Nutrition, ...Good Things Happen!
This posting is © by
Dan Duchaine, 2006

 ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SexyCustomSynthesis250 on December 02, 2021, 07:56:37 AM
Quote from: Griffith on December 02, 2021, 05:21:16 AM


Griffith fella, are you HODLing any ADA?

It'll bounce back (although the eTORO delisting was a kick in the balls) so dump it when you can and don't get caught buying into shit projects headed up by fags, trannies and trans-humanist idiots like Charles Hoskinson and chums

 ;)


This posting is © by
Dan Duchaine, 2006
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 03, 2021, 11:11:36 PM
We are getting massacred

(https://c.tenor.com/80zMDyE85hAAAAAC/money-crying.gif)

Our last best hope for the year is a repeat of 2017. Crypto flash crashed in mid December and then Alts went parabolic until mid Jan. We are in December and we have a flash crash...

Otherwise it's a long hodl for 2022 and glory.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 03, 2021, 11:39:47 PM
Quote from: SexyCustomSynthesis250 on December 02, 2021, 07:56:37 AM
Griffith fella, are you HODLing any ADA?

It'll bounce back (although the eTORO delisting was a kick in the balls) so dump it when you can and don't get caught buying into shit projects headed up by fags, trannies and trans-humanist idiots like Charles Hoskinson and chums

 ;)


This posting is © by
Dan Duchaine, 2006

No, not holding any ADA.

Did have some in the past though, but put most of it into Ethereum.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 03, 2021, 11:43:30 PM
Quote from: Flexacon on December 03, 2021, 11:11:36 PM
We are getting massacred

(https://c.tenor.com/80zMDyE85hAAAAAC/money-crying.gif)

Our last best hope for the year is a repeat of 2017. Crypto flash crashed in mid December and then Alts went parabolic until mid Jan. We are in December and we have a flash crash...

Otherwise it's a long hodl for 2022 and glory.

It's still looking good.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 04, 2021, 12:06:55 AM
Ouch. I don't want to see how the stock market opens on monday  :-\
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 04, 2021, 03:18:12 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Spike on December 04, 2021, 04:55:27 AM

buy the dip

by the time you come off Dbol to start cutting come springtime you earned a few kits of George Henry
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 04, 2021, 05:42:54 AM
ETH still holding up really well.

Dipping less than BTC and recovering faster.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 04, 2021, 05:54:40 AM
Ethereum flipping Bitcoin is a formality at this point.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 04, 2021, 09:00:29 AM
Quote from: Griffith on December 03, 2021, 11:43:30 PM
It's still looking good.

Eth back at support and looking good like you said. Even a small chance for a green daily candle by EOD, but BTC is looking scary.

BTC could still send everything crashing. Stock market uncertainty, evergrande/ Chinese bonds, US debt, Omicron could all send BTC sub 30k.

I'm staying in for a potential parabolic ALT run, but it's straight up gambling right now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 04, 2021, 01:21:45 PM
Quote from: Flexacon on December 04, 2021, 09:00:29 AM
Eth back at support and looking good like you said. Even a small chance for a green daily candle by EOD, but BTC is looking scary.

BTC could still send everything crashing. Stock market uncertainty, evergrande/ Chinese bonds, US debt, Omicron could all send BTC sub 30k.

I'm staying in for a potential parabolic ALT run, but it's straight up gambling right now.

BTC will be fine.

The reality is we have no FOMO but maxis and idiots were all going spastic long on margin in anticipation. Big players can see all the positions along with stop loss positions (unfair I know).

1.8B of margin positions wiped out in an hour lol.

I had last Friday as the last day to make a 2013 run likely. Missing that means the next marker I have is 15th December for a starting uptrend.

I just don’t believe 100k will be easy. We might see something like 93k April - dump - 180k December. 2022 but then importantly I think 100k holds as support.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on December 04, 2021, 03:00:37 PM
Meanwhile, so many are concerned about $BTC's dip, whereas I was instead hoping for a steeper drop that would pull other coins with it. I was hoping for Ethereum to get to lower levels ($1,000) in order to invest the house on it.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Shakh on December 04, 2021, 03:23:34 PM
Bitcoin USD (BTC-USD)
CCC - CoinMarketCap. Currency in USD

49,186.56-4,412.93 (-8.23%)
As of 11:21PM UTC. Market open.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: jude2 on December 04, 2021, 07:13:47 PM
Quote from: OneMoreRep on December 04, 2021, 03:00:37 PM
Meanwhile, so many are concerned about $BTC's dip, whereas I was instead hoping for a steeper drop that would pull other coins with it. I was hoping for Ethereum to get to lower levels ($1,000) in order to invest the house on it.

"1"
I want to get back into ETH.  I just don't see it going to 1K.  I would be happy to buy back in at 2,500
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 04, 2021, 09:10:10 PM
We would all love ETH on discount, but we need to learn from the past and BTC maxis here.

Once upon a time BTC was at the same stage price wise as ETH is now. Long term it is only going to go up. Those who did best from this point with BTC were the ones DCA. You can wait around for a discount and then find ETH suddenly at 10K. Your next discount is 6K, 4k suddenly looks like a bargain.

DCA will take you to glory!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 04, 2021, 11:51:00 PM
Quote from: jude2 on December 04, 2021, 07:13:47 PM
I want to get back into ETH.  I just don't see it going to 1K.  I would be happy to buy back in at 2,500

There's strong support at the 4k region.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 05, 2021, 03:30:27 AM
Microstrategy bought 414M worth of Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 05, 2021, 03:53:39 AM
Quote from: Mayday on December 05, 2021, 03:30:27 AM
Microstrategy bought 414M worth of Bitcoin.

This was before the crash.

This isn't the first time MST announced they bought a huge bag and then BTC proceeds to crash. I've joked about Saylor buying at the top numerous times. Of course he has been proven to be correct every time. I don't doubt this will be any different.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Marty Champions on December 05, 2021, 05:45:56 AM
Quote from: FitnessFrenzy on December 04, 2021, 03:18:12 AM

whats this shit
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: jude2 on December 05, 2021, 12:20:32 PM
Quote from: Griffith on December 04, 2021, 11:51:00 PM
There's strong support at the 4k region.
Seems that way.  I was able to get a few at $3,896 two days ago.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 05, 2021, 01:46:47 PM
Quote from: Flexacon on December 04, 2021, 09:10:10 PM
We would all love ETH on discount, but we need to learn from the past and BTC maxis here.

Once upon a time BTC was at the same stage price wise as ETH is now. Long term it is only going to go up. Those who did best from this point with BTC were the ones DCA. You can wait around for a discount and then find ETH suddenly at 10K. Your next discount is 6K, 4k suddenly looks like a bargain.

DCA will take you to glory!
Yes agreed. You can't time the market. Waiting for it to crash before you buy does not always work out.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on December 05, 2021, 02:15:40 PM
Not sure if anything, but ALGORAND is looking ridiculously promising. If any of you have good insight into this project, please share as I think I might want to acquire some $ALGO.

I watched the recent Miami event (Decipher) they held a few days ago and some key points include:
"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 05, 2021, 03:34:21 PM
September 21-22 was the last bottom.

Right now this lines up with September.

However 49.2k likely on a weekly close is not a good look. If we don’t bounce quickly then 42k closes are on the cards which is ETH @ 2,500.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on December 05, 2021, 05:15:26 PM
Quote from: Mayday on December 05, 2021, 03:34:21 PM
September 21-22 was the last bottom.

Right now this lines up with September.

However 49.2k likely on a weekly close is not a good look. If we don’t bounce quickly then 42k closes are on the cards which is ETH @ 2,500.

You say it as if a lower entry point for Ethereum is a bad thing... Leave some for the rest of us, Michael Saylor.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 05, 2021, 05:45:57 PM
Quote from: OneMoreRep on December 05, 2021, 05:15:26 PM
You say it as if a lower entry point for Ethereum is a bad thing... Leave some for the rest of us, Michael Saylor.

"1"

The longer the timeline the better it is for me so I don’t mind a pullback or sideways motion but I’d prefer sideways rather than a collapse.

Short term:
Upside target 93k
Downside 1 - 42k
Downside 2 - 38k
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on December 05, 2021, 06:42:21 PM
Quote from: Mayday on December 05, 2021, 05:45:57 PM
The longer the timeline the better it is for me so I don’t mind a pullback or sideways motion but I’d prefer sideways rather than a collapse.

Short term:
Upside target 93k
Downside 1 - 42k
Downside 2 - 38k

Downside 2 (38k) puts ETH at what, give or take $2k?

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 06, 2021, 01:16:35 AM
Quote from: OneMoreRep on December 05, 2021, 06:42:21 PM
Downside 2 (38k) puts ETH at what, give or take $2k?

"1"

2,280 by my numbers.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 06, 2021, 08:20:57 AM
Quote from: Mayday on December 05, 2021, 03:34:21 PM
September 21-22 was the last bottom.

Right now this lines up with September.

However 49.2k likely on a weekly close is not a good look. If we don’t bounce quickly then 42k closes are on the cards which is ETH @ 2,500.

 :o
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 06, 2021, 10:08:17 AM
prothedoge must  be the biggest clown alive for not selling doge at 60 cents
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 06, 2021, 02:59:48 PM
Quote from: Griffith on December 06, 2021, 08:20:57 AM
:o

But just keep in mind we are still in an uptrend providing daily closes remain above 42k. We should see 47k-53k region for the next couple of weeks if we are holding up.

Wall St is hedged yet again so none of this has taken the big players by surprise. What it does mean is when they close their shorts it’s a buy and then they open their longs it’s a buy. So once we get past this holding pattern we could see a crazy run up.

The market is something like 100% certain of a rate rise in June 2022. So a run up in crypto identical to 2021 with a June dump might be how it plays out as we would have crypto seasonality plus rate increase happen at the same time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 06, 2021, 03:46:42 PM
Here you go, even lower today at 16 and around 10 has been rock bottom.

In other words, everyone has already freaked out and we likely aren’t going much lower.

You need to remember those crazy drops are from cascading liquidations from long margin players so once they are gone it’s not necessarily going to happen a second time, particularly not without FOMO in play which it isn’t.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 07, 2021, 02:45:15 AM
Quote from: Mayday on December 06, 2021, 02:59:48 PM
But just keep in mind we are still in an uptrend providing daily closes remain above 42k. We should see 47k-53k region for the next couple of weeks if we are holding up.

Wall St is hedged yet again so none of this has taken the big players by surprise. What it does mean is when they close their shorts it’s a buy and then they open their longs it’s a buy. So once we get past this holding pattern we could see a crazy run up.

The market is something like 100% certain of a rate rise in June 2022. So a run up in crypto identical to 2021 with a June dump might be how it plays out as we would have crypto seasonality plus rate increase happen at the same time.

Do you see any pullback from this recent rally?

Overall, it's looking good but I'm still cautious.

I'm not holding at the moment, more swing trading. Took some profits recently now waiting for another entry point, specifically if ETH breaks the downward sloping resistance line of about 4416-4420.

From Twitter:

(https://pbs.twimg.com/media/FF_r5GdWYAAQxb5?format=jpg&name=4096x4096)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 07, 2021, 06:16:58 PM
Quote from: Griffith on December 07, 2021, 02:45:15 AM
Do you see any pullback from this recent rally?

Overall, it's looking good but I'm still cautious.

I'm not holding at the moment, more swing trading. Took some profits recently now waiting for another entry point, specifically if ETH breaks the downward sloping resistance line of about 4416-4420.


47k-53k friend zone IMO. What I posted earlier also backs up the bottom is likely in which was that 42k and a 48k close. I have 42k as a marker but i don’t think we close anywhere near there because that was the bottom of the Sept dump and per my post, I believe we are still in the uptrend therefore we won’t close near previous lows.

I tend to look at dates rather than the number itself and I think I said before 15th December could be the rally point.
*2020 December god candle rally happened from the 15th December onwards
*Options expiration on the 17th December
*End of year tax means big players take profits prior to options expiration
*BTC futures pattern of 6 on 4 off also supports a rally can begin from the back half of December
*weekly RSI will show a bottoming out by end of next week (mid December)

I bought more this week.

I think people looking for downside are going to miss how quickly the upside can come.

Back in December 2020 we double in price in 2 weeks……. Hence my 93k marker so keep an eye on that ;)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 08, 2021, 06:50:57 AM
Bitcoin shakeout continues.

Big things soon hopefully for those of us involved in Matic. If coinbase NFT partnership rumours are true it could go parabolic.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 08, 2021, 12:10:55 PM
BTC needs to close above 53k by end of week to keep bullish trend intact.

If not, possible dip from 42k to 47k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on December 08, 2021, 12:29:38 PM
Serious question.  Who here has made millions in the crypto game. I mean actually cashed out millions?  These coins like LUNA, FLOKIE, SHIBA all up like 10000%.  How much fucking money are people making on this shit and actually walking away?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on December 08, 2021, 04:17:54 PM
Don't know how many of you had a chance to catch today's 4.5hr testimony held in front of the House Financial Services committee by the top Crypto CEOs, but it showed tremendous promise. It's not a matter of if, but when full adoption of cryptocurrency will take place. Honorable mention needs to go to Stellar Lumens (XLM). Their CEO (Dixon) was pretty impressive and sold the fuck out of their company/coin. It seems there are many fans of XLM in congress given the ability of remittances to be simplified.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 08, 2021, 04:37:05 PM
Quote from: El Diablo Blanco on December 08, 2021, 12:29:38 PM
Serious question.  Who here has made millions in the crypto game. I mean actually cashed out millions?  These coins like LUNA, FLOKIE, SHIBA all up like 10000%.  How much fucking money are people making on this shit and actually walking away?

Very few people got rich off of the coins you mentioned.

Millionaires who walked away were mostly guys who got in early with bitcoin.

If someone was doing well in crypto space right now then the worst thing they could possibly do identity themselves. It makes them a target.

The longer you spend in the space, the more you understand it and the better you get at avoiding pitfalls. Why walk away?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: jude2 on December 08, 2021, 05:06:00 PM
Quote from: El Diablo Blanco on December 08, 2021, 12:29:38 PM
Serious question.  Who here has made millions in the crypto game. I mean actually cashed out millions?  These coins like LUNA, FLOKIE, SHIBA all up like 10000%.  How much fucking money are people making on this shit and actually walking away?
Time we find out about those coins, it is too late.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 09, 2021, 10:21:46 AM
BTC barely holding on to 48k support.

ETH rejected at 4400.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on December 09, 2021, 10:36:16 AM
Quote from: jude2 on December 08, 2021, 05:06:00 PM
Time we find out about those coins, it is too late.

seems a lot coming out of South Korea as well.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 09, 2021, 11:15:19 AM
Quote from: Griffith on December 09, 2021, 10:21:46 AM
BTC barely holding on to 48k support.

ETH rejected at 4400.

Omicron, Evergrande, Inflation and even an asteroid impact looming and ETH is only a few daily green candles away from it's ATH. Perspective is important here.

Maybe I'm chill cos I'm strong green in my portfolio, but everything I've seen makes me think we still have at least one big run up left
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 09, 2021, 11:30:33 AM
Quote from: Flexacon on December 09, 2021, 11:15:19 AM
Omicron, Evergrande, Inflation and even an asteroid impact looming and ETH is only a few daily green candles away from it's ATH. Perspective is important here.

Maybe I'm chill cos I'm strong green in my portfolio, but everything I've seen makes me think we still have at least one big run up left

One big run up left, but I think we could still see another dip lower.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 09, 2021, 08:15:00 PM
Thoughts on market and US CPI report today?

BTC currently at 48.3k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 10, 2021, 02:36:15 AM
Quote from: Griffith on December 09, 2021, 08:15:00 PM
Thoughts on market and US CPI report today?

BTC currently at 48.3k.

CPI will go higher.

BTC still crabbing in my 47k-53k range. I’m still waiting for next weekend so no change from me. I’m confident BTC moves up in the back half of the month because seasonality wants it to do it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 10, 2021, 07:01:53 AM
What is special or interesting about Solana?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on December 10, 2021, 07:08:00 AM
Quote from: Griffith on December 09, 2021, 08:15:00 PM
Thoughts on market and US CPI report today?

BTC currently at 48.3k.



Thoughts? It's terrible. Highest since 1982. No action being taken to stop it either. Prime rate should be like 6% at least... Then you would see the real economy....it was what 16% in 1982?

Then again it's either this or pay 1 trillion + per year in debt service.


(https://www.zerohedge.com/s3/files/inline-images/2021-12-10_06-00-09.jpg?itok=F2ktTcJ9)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 10, 2021, 12:12:59 PM
Quote from: SOMEPARTS on December 10, 2021, 07:08:00 AM


Thoughts? It's terrible. Highest since 1982. No action being taken to stop it either. Prime rate should be like 6% at least... Then you would see the real economy....it was what 16% in 1982?

Then again it's either this or pay 1 trillion + per year in debt service.


(https://www.zerohedge.com/s3/files/inline-images/2021-12-10_06-00-09.jpg?itok=F2ktTcJ9)

That's surprisingly high, long-term good for crypto at least.

That's one of the main allures of crypto in developing countries, to hedge against local currency devaluation and inflation.

Turkey, Zimbabwe, Venezuala, etc. I think many of them rely on cryto to preserve the value of their cash, even if in stablecoins.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 10, 2021, 01:01:34 PM
Quote from: FitnessFrenzy on December 10, 2021, 07:01:53 AM
What is special or interesting about Solana?

It's fast and very cheap. Everything Ethereum isn't.

However it doesn't appear to be decentralized.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 10, 2021, 01:12:19 PM
Quote from: Flexacon on December 10, 2021, 01:01:34 PM
It's fast and very cheap. Everything Ethereum isn't.

However it doesn't appear to be decentralized.

ETH 2.0 will correct those issues though, and everything seems to be on track.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on December 10, 2021, 01:44:22 PM
Quote from: FitnessFrenzy on December 10, 2021, 07:01:53 AM
What is special or interesting about Solana?

Not sure about what is interesting about it. What I can tell you is that a lot of institutional money flows in and out of it. Unfortunately, it is too centralized for my liking:

(https://static.cryptobriefing.com/wp-content/uploads/2021/10/11064207/E1l9ulcXEAArict-782x440.jpg)

Additionally, its network has been down twice now. Hard to have confidence in a project that can simply be "down" at any point.

I bought in at $10 and sold at $220. I am now mostly investing into cryptos that are ideal for integration with banks and countries, as well as cryptos that show promise towards development of the metaverse.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Army of One on December 10, 2021, 01:50:21 PM
Quote from: FitnessFrenzy on December 10, 2021, 07:01:53 AM
What is special or interesting about Solana?

nothing really, its just the fact its backed by FTX, which is now as large as binance, that gave it its run.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 10, 2021, 02:02:06 PM
Quote from: Griffith on December 10, 2021, 01:12:19 PM
ETH 2.0 will correct those issues though, and everything seems to be on track.

ETH 2.0 will do many things. Greener, more secure, more scalable, but it wont correct the issues with speed and fees. Scalability will temporarily mean faster transactions and cheaper gas, but it will pretty quickly grind to a crawl and fees will climb again.

Layer 2 solutions (ZKrollups) are what will provide fast and cheap transactions. They are already here and endorsed by Vitalik. ETH developers are already working on ways to best make use of them. All that awaits now is adoption.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 10, 2021, 07:50:29 PM
Double bottom close. Bottom bottom on fear.

Line drawn on inflow to outflow cycle on BTC futures.

Market sentiment is in the gutter. Everyone convinced it’s all over.

I’m still watching from the 17th December to see if we get an uptick.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 11, 2021, 05:38:19 AM
https://www.cnbc.com/2021/12/10/fed-is-expected-to-speed-up-end-of-bond-buying-and-signal-interest-rate-hikes-are-coming.html

Fed is expected to speed up end of bond buying and signal interest rate hikes are coming

The economy is growing strongly and inflation pressures continue to build. The Fed is alive to the risks and is set to announce that the QE program will end in February. This then paves the way for earlier and swifter interest rate hikes, Omicron permitting, with the Fed dot plot set to point to a minimum of two moves in 2022

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 11, 2021, 07:52:52 PM
Quote from: Griffith on December 11, 2021, 05:38:19 AM
https://www.cnbc.com/2021/12/10/fed-is-expected-to-speed-up-end-of-bond-buying-and-signal-interest-rate-hikes-are-coming.html

Fed is expected to speed up end of bond buying and signal interest rate hikes are coming

The economy is growing strongly and inflation pressures continue to build. The Fed is alive to the risks and is set to announce that the QE program will end in February. This then paves the way for earlier and swifter interest rate hikes, Omicron permitting, with the Fed dot plot set to point to a minimum of two moves in 2022

I’ll add to this as pondering last night, is it the stimmy money big players are waiting for and we can’t get that until we have a deflationary event.

Cliffs:
Stimmy money drove the retail FOMO from Dec-May
No retail FOMO this month and no stimmy money
Institutions are entering Jan-Feb
CPI entering levels where a rate hike is imminent. 6.8% today is 15% in 1970s which is the highest ever.
Rate hike by June 2022 is expected meaning prior to this, no stimmy money
June Rate hike causes deflationary sell off, economy turns to shit, stimmy money approved and we then have retail funded to the tits to enter stocks and crypto —> estimate December 2022-March 2023


Retail FOMO runs require retail to have cash to chuck at stocks and crypto.

April 2020 was the first stimmy money

December 2020 was the second stimmy money and we saw a 2 week stint where price doubled and people aped in hard with stimmy.

March 2021 was the third stimmy money and we saw the peak followed by April/May attempts….. no more stimmy money came and big players nuked the market.


Everyone expected retail FOMO this month. We have no stimmy money. Bitcoin maxis have tried to pump and all we saw was a 1.8B in 1 hour nuke of existing traders, not retail. We can’t see retail entering at all right now and all we see is big players and funds looking to enter in Jan-Feb when the calendar year begins but they won’t FOMO, they will crab the fuck out of the market.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on December 12, 2021, 10:04:52 AM
Any of you crypto wizards care to chime in on the probable future of $XRP???

Will it come out prosperous from the SEC lawsuit? If so, what price range do you see for $XRP?

Will it lose the SEC lawsuit? If so, what happens to Ripple and $XRP price?

Will it end up nowhere and most result with a slap to the wrist???

Will it result with industry-wide crypto regulations, but beneficial to $XRP given that they will walk away best prepped for regulatory practices?

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on December 13, 2021, 09:30:57 AM
Quote from: OneMoreRep on December 12, 2021, 10:04:52 AM
Any of you crypto wizards care to chime in on the probable future of $XRP???

Will it come out prosperous from the SEC lawsuit? If so, what price range do you see for $XRP?

Will it lose the SEC lawsuit? If so, what happens to Ripple and $XRP price?

Will it end up nowhere and most result with a slap to the wrist???

Will it result with industry-wide crypto regulations, but beneficial to $XRP given that they will walk away best prepped for regulatory practices?

"1"

They will pay a fine, coin will pump and ill convert straight into btc. That's the outcome.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 13, 2021, 09:33:01 AM
Crypto market dipping today.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 13, 2021, 12:30:22 PM
Quote from: Griffith on December 13, 2021, 09:33:01 AM
Crypto market dipping today.

Long on ETH closed a handful of days prior to the dump.

I’m saying watch from the 17th onwards.

And just today, the longing Of ETH just begun.

Big money doesn’t long from the top. Sentiment is market is about to puke its guts out but I’ll defer to seasonality being the leading indicator on this one.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 13, 2021, 08:35:58 PM
Quote from: Mayday on December 13, 2021, 12:30:22 PM
Long on ETH closed a handful of days prior to the dump.

I’m saying watch from the 17th onwards.

And just today, the longing Of ETH just begun.

Big money doesn’t long from the top. Sentiment is market is about to puke its guts out but I’ll defer to seasonality being the leading indicator on this one.

Is there another meeting on the 17th? About potential stablecoin regulations?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 14, 2021, 04:19:41 AM
Any thoughts on direction of FOMC meeting today and tomorrow?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 14, 2021, 05:41:41 AM
Quote from: OneMoreRep on December 12, 2021, 10:04:52 AM
Any of you crypto wizards care to chime in on the probable future of $XRP???

Will it come out prosperous from the SEC lawsuit? If so, what price range do you see for $XRP?

Will it lose the SEC lawsuit? If so, what happens to Ripple and $XRP price?

Will it end up nowhere and most result with a slap to the wrist???

Will it result with industry-wide crypto regulations, but beneficial to $XRP given that they will walk away best prepped for regulatory practices?

"1"

XRP has a solid case, but ripple might take a spanking.

Potential tin foil hat theories.  It's possible they are prolonging the case because a negative outcome for XRP provides a potential kill switch for crypto as we know it. Also possible that the SWIFT doesn't want the competition and want XRP on ice whilst they take the market for themselves.

I was in on XRP, but got bored waiting. The potential pump probably won't be worth it in a bull market. There are a lot of bag holders who will be looking to unload.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 14, 2021, 05:48:39 AM
Quote from: Griffith on December 14, 2021, 04:19:41 AM
Any thoughts on direction of FOMC meeting today and tomorrow?

I don't think the direction matters a great deal. Hawkish or dovish (it's looking hawkish right now, so maybe a dip) the only outcome for crypto that matters is some stability to the markets. We can go up after that.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 15, 2021, 08:36:39 PM
The Fed has spoken.

I’ll defer to my earlier post with the end 2022-2023 bullrun outlook. I don’t see anything bullish about 2022.

As for right now, I’m expecting an exit scam pump. A Biblical giant green dildo out of nowhere.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 16, 2021, 03:59:04 AM
Quote from: Mayday on December 15, 2021, 08:36:39 PM
The Fed has spoken.

I’ll defer to my earlier post with the end 2022-2023 bullrun outlook. I don’t see anything bullish about 2022.

As for right now, I’m expecting an exit scam pump. A Biblical giant green dildo out of nowhere.

I don't think we need anything bullish. We just needed stability.

Potential FUD from Omicron, China and US has played out. Everything is boring again and crypto can go back to doing its thing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 16, 2021, 09:34:36 PM
Quote from: Mayday on December 15, 2021, 08:36:39 PM
The Fed has spoken.

I’ll defer to my earlier post with the end 2022-2023 bullrun outlook. I don’t see anything bullish about 2022.

As for right now, I’m expecting an exit scam pump. A Biblical giant green dildo out of nowhere.

BOE increased rates as well.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 17, 2021, 09:36:11 PM
Selling pressure is dying in the ass. Sentiment is in the gutter. Yet we formed a higher low.

It’s going to rip and melt faces very, very soon.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 18, 2021, 05:30:29 AM
The ATH looks to have been an exit point for the super wealthy Chinese btc nodlers. The big clue was Justin fucking Sun retiring from Tron to become a diplomat for Grenada lmao. China coin must be close so it's game over for them.

Once the Chinese are done selling it can start ascending to a new ATH

Keep it retarded and do the opposite of market sentiment. Load those bags up
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 18, 2021, 07:24:35 AM
Rice hands selling

(https://pbs.twimg.com/media/FG0t4JNXwAU_7W9?format=jpg)

Burger hands and crepe hands buying

(https://pbs.twimg.com/media/FG0t4mKXoAsfVZr?format=jpg)
(https://pbs.twimg.com/media/FG0t4mgX0AwhuGw?format=jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 19, 2021, 03:50:49 AM
Quote from: Mayday on December 17, 2021, 09:36:11 PM
Selling pressure is dying in the ass. Sentiment is in the gutter. Yet we formed a higher low.

It’s going to rip and melt faces very, very soon.

You bullish for December?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 19, 2021, 07:09:27 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 20, 2021, 07:34:22 AM
Posted by Peter Brandt on Twitter:
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 20, 2021, 04:14:28 PM
The Chinese have until the end of December to withdraw crypto off their exchanges.

(https://cloudfront-us-east-1.images.arcpublishing.com/coindesk/KNI2QPV2AFBYJBACM3Y5BR4ACU.png)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 20, 2021, 11:28:00 PM
Quote from: Griffith on December 19, 2021, 03:50:49 AM
You bullish for December?

I had the 5th I think as the end marker to have a 2013 run which didn’t happen. Means I waited for the 18th onwards for options expiration and profit taking to finalise.

December, yes I believe before EOM we have a squeeze, a breakout, and Jan will be 🍌

Quote from: Griffith on December 20, 2021, 07:34:22 AM
Posted by Peter Brandt on Twitter:

FYI he got the last few pullbacks wrong.

On the 4hr we are above the last high so it is looking like a reversal now. A close above 49.3k will be a very strong sign.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 21, 2021, 11:51:14 AM
Quote from: El Diablo Blanco on September 01, 2017, 06:19:02 PM
The fact bitcoin is in the news now means you missed your chance. 

 :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on December 21, 2021, 02:11:44 PM
How many of you hold stable coins?

Do you trust that they are in fact stable; or would you prefer to transfer crypto earnings back to a regular bank account?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 21, 2021, 05:30:13 PM
Quote from: FitnessFrenzy on December 21, 2021, 02:11:44 PM
How many of you hold stable coins?

Do you trust that they are in fact stable; or would you prefer to transfer crypto earnings back to a regular bank account?
None. I hodl and dollar cost average. Staking some cryptos also. Have not sold any of my cryptos. I don't care if they go down because they will go up again. The road up will not be in a straight line. You can play the game trading but one day you will lose. Safer to just accumulate and hold imo. Only thing that's guaranteed is the dollar will lose value over time. Been that way since 1913.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 21, 2021, 05:54:06 PM
Quote from: FitnessFrenzy on December 21, 2021, 02:11:44 PM
How many of you hold stable coins?

Do you trust that they are in fact stable; or would you prefer to transfer crypto earnings back to a regular bank account?

I keep a bit in USDC to take advantage of any flash crashes.

Don't trust stable coin though, particularly tether. If crypto crumbles to dust it will be because of stable coins.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 22, 2021, 07:32:07 PM
Weekly futures momentum is about to start the cycle from the very bottom.

This is the same start point as July 2020 and July 2021.

I’d err to July 2021 speed which was more or less 3 months and gives alts time out to April-May. Time wise this also suits seasonality/cycle which is a very large driving factor of my strategy.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 26, 2021, 04:21:32 PM
I’m about to get a volatility print in the next few days.

This is a signal which will indicate either a squeeze up or down.

I’m assuming up….. assuming……
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 27, 2021, 12:57:03 AM
Quote from: Mayday on December 26, 2021, 04:21:32 PM
I’m about to get a volatility print in the next few days.

This is a signal which will indicate either a squeeze up or down.

I’m assuming up….. assuming……


BTC touched the top of Bollinger Band on the 1D chart.

So probably either follows up, or huge dump.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 27, 2021, 11:52:48 PM
Thoughts on market?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 28, 2021, 03:50:09 PM
Quote from: Griffith on December 27, 2021, 11:52:48 PM
Thoughts on market?

BTC market dominance is at historic bottoms which provides 2 recent references.

May bottom we saw chop and slow death where daily close eventually went to the initial
Wick over 2mths.  Alts got chopped up, dominance increased as a result.

September bottom lasted 1 month then we saw a hard 50%+ rally.

Current bottom is coming up to 2 months and therefore similar to the May period chop when it ended. Initial wick was 42k therefore that would be the target for a daily close (47.7k now) if we go down.

Saylor bought BTC Early September and we saw a dump then price go up. Saylor bought on that 42k wick in December and we are still chopping in the lows.

Those are the considerations and then set your bias.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 29, 2021, 05:54:40 PM
Quote from: Griffith on December 27, 2021, 11:52:48 PM
Thoughts on market?

Unless there is a black swan event, this is the last chance to get ETH and BTC on discount IMO
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 29, 2021, 09:14:16 PM
Quote from: Flexacon on December 29, 2021, 05:54:40 PM
Unless there is a black swan event, this is the last chance to get ETH and BTC on discount IMO

Agreed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 30, 2021, 02:28:43 AM
People at maximum pants shitting the last 2 days.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 02, 2022, 08:38:22 AM
The future is Ethereum.

The flippening is merely a formality at this point.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on January 02, 2022, 09:07:40 AM
Few things I've been noticing as of the last few months..

Bitcoin is legal tender in El Salvador. The President of El Salvador just predicted (yesterday - on his Twitter) that 2 more countries will be adopting Bitcoin as legal tender. This is huge for BITCOIN, but I believe equally as massive for ALGORAND. Algorand serves as the backbone for Bitcoin in El Salvador that allows for integration and functionality. Watch and see how Algorand will go parabolic during this year. Tons of venture capital money is pouring into it and it looks as if it will continue.

HBAR (Hedera Hashgraph) is looking ridiculously promising.

Quant looks very attractive as essentially the Windows Operating system of cryptos.

Would consider looking into the ISO 20022 compliant cryptos if you want to possibly have a safe hedge against future crypto market disruptions. If you haven't looked into it before, SWIFT is the Society for Worldwide Interbank Financial Telecommunication and it serves as an intermediary and executor of financial transactions between banks worldwide. In terms of what ISO 20022 is, the SWIFT community has decided that by 2025 the high value payment systems of all major reserve currencies will have move to ISO 20022. As a result of this, banks and the SWIFT community have decided that all financial institution (FI) to financial institution (FI) payments need to move to the standard. Adoption of ISO 20022 began in November 2021. This will be followed by a four year period of coexistence with legacy SWIFT MT standards which will end in November 2025.

What are the cryptocurrencies that are ISO 20022 compliant? Below you can find them for your viewing pleasure:

(https://preview.redd.it/hqks1dkr04x61.jpg?width=942&format=pjpg&auto=webp&s=c7be707522baa1c71ba8717b9f3f2425d8305a57)

I am not saying these cryptos will become the next Bitcoin(s) of our decade, but consider that they will likely be very safe hedges in a sea of thousands of available cryptos. Some of you know that I tend to be a very safe investor regardless of asset class and when it comes to crypto, it's no different for me. These aforementioned cryptos seem like very safe bets. Keep in mind that many countries are also developing/researching their central bank digital currencies and if you look into what platforms some countries are using, you will find that both XDC and XLM are being heavily researched and/or piloted. For more information on what countries are developing/researching their own digital currencies and what technology platforms they are testing with, feel free to go to this website: https://cbdctracker.org/ (https://cbdctracker.org/)

Once you go to that site, it will give you an interactive map that you can use to individually click on countries/territories and further investigate what platforms they are using to develop their own central bank digital currencies (looks like the image below). If for instance you click on Canada, they are already in a pilot stage and are using R3 Corda, which uses the XDC token as the primary settlement coin.

(https://pbs.twimg.com/media/EsPtLs_W4AAlLRC?format=jpg&name=large)

Again, this is not to say that these ISO 20022 compliant cryptos are your sure bet to guaranteed fortune, but it certainly points towards them having true, international utility/purpose in the large stage of international banking and monetary funds. As always, I am just an accountant and not a financial advisor. This material is just based on a little research and talk amongst a few old Jews.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Notomorrow on January 02, 2022, 08:37:18 PM
     I'm done. Hoping for one more little mini run to $60,000 and I'm cashing out. Now even that seems risky. But this shit is not FDIC insured, or insured in any way and we all fell for this bullshit that it's fraud proof because of blockchain technology. which has proven to be bullshit. 
     You can get arrested for credit card fraud. You can't for bitcoin fraud. You'd have to to to the IRS to investigate a money laundering angle as Bitcoin has no connection to any regulation. There has to be some collaboration between government and Bitcoin despite the "fuck the man" appeal of Bitcoin. I have LOVED these huge returns as I bought Bitcoin about 3 years ago, but I just can't see how Bitcoin could stay outside the establishment and become institutional. You have NO protection. And these Elon Musk guys who can in a day drastically change the value of a Bitcoin? Fucking economic wild west shit. Obviously cryptocurrency is here to stay. And banks are learning how to control the shit. Bitcoin is like AOL. It got you on to the internet then it became obsolete.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 02, 2022, 09:02:11 PM
Quote from: OneMoreRep on January 02, 2022, 09:07:40 AM
Few things I've been noticing as of the last few months..

Bitcoin is legal tender in El Salvador. The President of El Salvador just predicted (yesterday - on his Twitter) that 2 more countries will be adopting Bitcoin as legal tender. This is huge for BITCOIN, but I believe equally as massive for ALGORAND. Algorand serves as the backbone for Bitcoin in El Salvador that allows for integration and functionality. Watch and see how Algorand will go parabolic during this year. Tons of venture capital money is pouring into it and it looks as if it will continue.


El Salvador is proof that very few people want to use BTC as a legal tender. This is just BTC "marketing". Argentina has a lot of people using crypto instead of local fiat. They have shown a preference for stablecoins/USDT not BTC.

BTCs niche is buy and hold. Even if ETH overtakes it in market cap, BTC looks like it will still be a good buy and hold. The legal tender stuff just looks gimmicky.

Algo has solid potential to become a top 10 crypto. It has a great team behind it, but it's very limited in its smart contract capabilities.

If you want to catch a blockchain that's still seriously undervalued then have a look at Harmony ONE.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 02, 2022, 09:07:52 PM
Quote from: Notomorrow on January 02, 2022, 08:37:18 PM
     I'm done. Hoping for one more little mini run to $60,000 and I'm cashing out. Now even that seems risky. But this shit is not FDIC insured, or insured in any way and we all fell for this bullshit that it's fraud proof because of blockchain technology. which has proven to be bullshit. 
     You can get arrested for credit card fraud. You can't for bitcoin fraud. You'd have to to to the IRS to investigate a money laundering angle as Bitcoin has no connection to any regulation. There has to be some collaboration between government and Bitcoin despite the "fuck the man" appeal of Bitcoin. I have LOVED these huge returns as I bought Bitcoin about 3 years ago, but I just can't see how Bitcoin could stay outside the establishment and become institutional. You have NO protection. And these Elon Musk guys who can in a day drastically change the value of a Bitcoin? Fucking economic wild west shit. Obviously cryptocurrency is here to stay. And banks are learning how to control the shit. Bitcoin is like AOL. It got you on to the internet then it became obsolete.

Are you selling because you've had enough of the price not moving? IMO it would a mistake to sell now. BTC looks like it will either go straight up in a big way, or drop down to $40k-42K and then possibly go up. Hold and the odds look to be in your favour. (Don't sell at 60K either)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 02, 2022, 10:49:17 PM
Quote from: Flexacon on January 02, 2022, 09:02:11 PM
El Salvador is proof that very few people want to use BTC as a legal tender. This is just BTC "marketing". Argentina has a lot of people using crypto instead of local fiat. They have shown a preference for stablecoins/USDT not BTC.

BTCs niche is buy and hold. Even if ETH overtakes it in market cap, BTC looks like it will still be a good buy and hold. The legal tender stuff just looks gimmicky.

Algo has solid potential to become a top 10 crypto. It has a great team behind it, but it's very limited in its smart contract capabilities.

If you want to catch a blockchain that's still seriously undervalued then have a look at Harmony ONE.

All stablecoins use Ethereum.

From Ethereum.org

''Stablecoins are Ethereum tokens designed to stay at a fixed value, even when the price of ETH changes.''
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on January 03, 2022, 02:42:16 AM
Quote from: Notomorrow on January 02, 2022, 08:37:18 PM
     I'm done. Hoping for one more little mini run to $60,000 and I'm cashing out. Now even that seems risky. But this shit is not FDIC insured, or insured in any way and we all fell for this bullshit that it's fraud proof because of blockchain technology. which has proven to be bullshit. 
     You can get arrested for credit card fraud. You can't for bitcoin fraud. You'd have to to to the IRS to investigate a money laundering angle as Bitcoin has no connection to any regulation. There has to be some collaboration between government and Bitcoin despite the "fuck the man" appeal of Bitcoin. I have LOVED these huge returns as I bought Bitcoin about 3 years ago, but I just can't see how Bitcoin could stay outside the establishment and become institutional. You have NO protection. And these Elon Musk guys who can in a day drastically change the value of a Bitcoin? Fucking economic wild west shit. Obviously cryptocurrency is here to stay. And banks are learning how to control the shit. Bitcoin is like AOL. It got you on to the internet then it became obsolete.

For guys getting in at this point, it's not worth the risk for the return, unless you have spare money.

The early days were glorious, so here's hoping to another monstrous crash  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on January 03, 2022, 11:36:44 AM
Quote from: FitnessFrenzy on December 21, 2021, 11:51:14 AM
:D

How much was Bitcoin when I said that?  D'oh!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 04, 2022, 04:03:35 AM
Fear bottomed out.

2.5mths of chop from the May-July dump.

1mth of chop from the Sept dump.

We are currently at 1.75mths of chop at what is the start of a heavy cash input month.

Make of it what you will.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on January 04, 2022, 05:06:18 AM
Alchemy pay is the next 50X IMO. Market cap lowest on coinbase, So undervalued.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 04, 2022, 06:18:33 AM
Quote from: Mayday on January 04, 2022, 04:03:35 AM
Fear bottomed out.

2.5mths of chop from the May-July dump.

1mth of chop from the Sept dump.

We are currently at 1.75mths of chop at what is the start of a heavy cash input month.

Make of it what you will.

I bought more Ethereum.

Looks like the bottom range has been reached.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: jude2 on January 04, 2022, 04:12:45 PM
Quote from: Griffith on January 04, 2022, 06:18:33 AM
I bought more Ethereum.

Looks like the bottom range has been reached.
Same here for 3700.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 04, 2022, 10:33:33 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 05, 2022, 12:27:06 AM
Quote from: Griffith on January 04, 2022, 10:33:33 PM


LMAO. That video nailed it!

Although I rarely tell girls anything about crypto as they just roll their eyes and think you're a degen or think you're try get them invest and scam them. They are actually less judgemental if I just tell them I'm a drug dealer.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Tennisballz on January 06, 2022, 07:46:28 PM
Crypto not doing well at the moment.  Are the getbig millionaires looking to buy in?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 06, 2022, 09:23:41 PM
Quote from: Tennisballz on January 06, 2022, 07:46:28 PM
Crypto not doing well at the moment.  Are the getbig millionaires looking to buy in?

I had been moving my alts out and then today got a nuke signal which I wasn’t expecting.

It could be worse. You could have paid 1m for a jpeg of a rock……
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on January 06, 2022, 10:42:44 PM
Quote from: Tennisballz on January 06, 2022, 07:46:28 PM
Crypto not doing well at the moment.  Are the getbig millionaires looking to buy in?

Bought 6k at 48k, About to add in another 10k at current prices.

Been purchasing 1500-2500 weekly.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 07, 2022, 12:46:29 AM
Quote from: Tennisballz on January 06, 2022, 07:46:28 PM
Crypto not doing well at the moment.  Are the getbig millionaires looking to buy in?

I doubled my DCA on ETH and picked up a bag of Immutable X (IMX) and Decentraland (MANA)

I'm pretty bullish because of this https://markets.businessinsider.com/news/stocks/stock-market-outlook-overselling-short-squeeze-year-end-january-rally-2021-12

Consumer discretionary and crypto were shorted when news of Omicron originally broke. They expected things would be going back to square one with lockdowns and restrictions (March 2020)

They got that wrong, and now it looks like they doubled down on their shorts after the Fed minutes were released. There was nothing unexpected in that release to cause crypto to dump. It looks more like a "play". However, soon it will catch up with them and they will need to pay the piper.

My opinion is that there is nothing standing in the way now of a crypto pump. This is just an opportunity for them to take advantage of bearish sentiment, wait for fear to peak and then nuke a bunch of traders with a huge 10k green candle and continue going up. Basically the same thing that's happened dozens of times already.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 07, 2022, 02:10:00 AM
Quote from: Flexacon on January 07, 2022, 12:46:29 AM
I doubled my DCA on ETH and picked up a bag of Immutable X (IMX) and Decentraland (MANA)

I'm pretty bullish because of this https://markets.businessinsider.com/news/stocks/stock-market-outlook-overselling-short-squeeze-year-end-january-rally-2021-12

Consumer discretionary and crypto were shorted when news of Omicron originally broke. They expected things would be going back to square one with lockdowns and restrictions (March 2020)

They got that wrong, and now it looks like they doubled down on their shorts after the Fed minutes were released. There was nothing unexpected in that release to cause crypto to dump. It looks more like a "play". However, soon it will catch up with them and they will need to pay the piper.

My opinion is that there is nothing standing in the way now of a crypto pump. This is just an opportunity for them to take advantage of bearish sentiment, wait for fear to peak and then nuke a bunch of traders with a huge 10k green candle and continue going up. Basically the same thing that's happened dozens of times already.

Agreed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 07, 2022, 06:06:01 PM
The first bottoming of fear with a 10 which is where the May-Jun bottoms were.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 08, 2022, 03:37:17 PM
ETH sub 3k mamma mia!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 08, 2022, 03:44:20 PM
Quote from: Mayday on January 08, 2022, 03:37:17 PM
ETH sub 3k mamma mia!

As much as I love ETH, Bitcoin  still holding that 40k support is far more important for ETHs future price. If it spends a week below 40K that then I'll start shitting my pants. Getting pretty close though...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on January 08, 2022, 04:19:02 PM
You guys make me laugh about the news articles and updates and code mergers and all of that bullshit when none of it matters.  A few people own enough and have enough cash to move the needles up and down.  They’ve been doing it for a while and making great money from it. They then convince people to HODL so that they have full control and the sheep just post on Reddit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 08, 2022, 04:39:22 PM
Quote from: El Diablo Blanco on January 08, 2022, 04:19:02 PM
You guys make me laugh about the news articles and updates and code mergers and all of that bullshit when none of it matters.  A few people own enough and have enough cash to move the needles up and down.  They’ve been doing it for a while and making great money from it. They then convince people to HODL so that they have full control and the sheep just post on Reddit.

When was the last bitcoin news article, update or code chat posted on here and taken at face value?

Most of the recent posts have been about if the price will continue dropping and when is a good time to buy/sell.

The btc maxis stopped posting on here months ago and I don't think anyone left posting on here believes bitcoin price moves on merit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on January 08, 2022, 06:56:54 PM
Quote from: El Diablo Blanco on January 08, 2022, 04:19:02 PM
You guys make me laugh about the news articles and updates and code mergers and all of that bullshit when none of it matters.  A few people own enough and have enough cash to move the needles up and down.  They’ve been doing it for a while and making great money from it. They then convince people to HODL so that they have full control and the sheep just post on Reddit.

It's a highly manipulated market for sure.  Not sure where it's going at the moment.

But, manipulated or not, there were most definitely patterns in alt coins where astute followers could make an easy 10-20% regularly watching the ebbs and flows.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 08, 2022, 07:17:58 PM
Quote from: Flexacon on January 08, 2022, 03:44:20 PM
As much as I love ETH, Bitcoin  still holding that 40k support is far more important for ETHs future price. If it spends a week below 40K that then I'll start shitting my pants. Getting pretty close though...

On the left is shoulder / head / shoulder
On the right is shoulder / head / shoulder

This second H&S formation has a wick bottom of 39.7k.

2nd shot red is overheated and green is capitulation. We are skirting the boundary of capitulation.

I’d much prefer to see us in green at 40k rather than stand at the edge of the abyss 😬

I’m still expecting an exit pump which will go towards 49k-50k.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 08, 2022, 11:09:51 PM
Quote from: Mayday on January 08, 2022, 07:17:58 PM
On the left is shoulder / head / shoulder
On the right is shoulder / head / shoulder

This second H&S formation has a wick bottom of 39.7k.

2nd shot red is overheated and green is capitulation. We are skirting the boundary of capitulation.

I’d much prefer to see us in green at 40k rather than stand at the edge of the abyss 😬

I’m still expecting an exit pump which will go towards 49k-50k.

Agreed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 10, 2022, 08:25:34 AM
High amount of volume in the dip with a long wick down.

Looking like decent chance for a bounce from here.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 10, 2022, 08:51:08 PM
Quote from: Griffith on January 10, 2022, 08:25:34 AM
High amount of volume in the dip with a long wick down.

Looking like decent chance for a bounce from here.

I’m getting an early signal for a volatility event. It’s happens the day before the event (yesterday) meaning it should happen today. It can also slip out 1-2 days but it’s imminent.

The last volatility signals were all down movements and had other indicators at the top of their ranges.

This incoming volatility movement has other indicators at the bottom making it highly likely that we are going up.


Personally I’d say it’s just the spike on the last shoulder which is a 50k target. Down from there.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 11, 2022, 04:34:46 PM
Not a full volatility print yet but a signal up.

Whales are dumping hard but then ease off and let price move up then started hitting it again at 43k.

Markers are:
44.6k
48.5k
50.3k

Fed gave people a massage
CPI tomorrow
40k put expiration on Friday
50k call expiration 28th Jan
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on January 12, 2022, 06:29:30 AM
Quote from: Mayday on January 11, 2022, 04:34:46 PM
Not a full volatility print yet but a signal up.

Whales are dumping hard but then ease off and let price move up then started hitting it again at 43k.

Markers are:
44.6k
48.5k
50.3k

Fed gave people a massage
CPI tomorrow
40k put expiration on Friday
50k call expiration 28th Jan


It will run up to 60K again, get people excited, make the news and the whales will dump it again making 50% profit and repeat.  The early collectors of BTC have all of the power.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 14, 2022, 06:25:13 AM
From Fidelity (found on reddit) Bullish bitcoin without the maxi retardation https://www.fidelitydigitalassets.com/articles/2021-trends-impact

"We also think there is very high stakes game theory at play here, whereby if bitcoin adoption increases, the countries that secure some bitcoin today will be better off competitively than their peers.

Therefore, even if other countries do not believe in the investment thesis or adoption of bitcoin, they will be forced to acquire some as a form of insurance. In other words, a small cost can be paid today as a hedge compared to a potentially much larger cost years in the future.

We therefore wouldn't be surprised to see other sovereign nation states acquire bitcoin in 2022 and perhaps even see a central bank make an acquisition".
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 15, 2022, 08:22:01 PM
Fwiw I’m out pretty much. I expect a 38k sweep then 48k end of Jan but after that it’s probably all over red rover.

Mar-Apr.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 20, 2022, 06:39:22 PM
Quote from: Mayday on January 15, 2022, 08:22:01 PM
Fwiw I’m out pretty much. I expect a 38k sweep then 48k end of Jan but after that it’s probably all over red rover.

Mar-Apr.



Got close to a 38k, but 40k support still trying its best to hold on.

Todays dump was just a mirror of the stock market. BTC could potentially flash crash with the stock market based on certain geopolitical news, so put some 35k btc buy orders and 2.5k eth orders and a few other crazy low ones in just in case. Otherwise still dca on eth and waiting for that bounce!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 20, 2022, 09:47:29 PM
Quote from: Flexacon on January 20, 2022, 06:39:22 PM


Got close to a 38k, but 40k support still trying its best to hold on.

Todays dump was just a mirror of the stock market. BTC could potentially flash crash with the stock market based on certain geopolitical news, so put some 35k btc buy orders and 2.5k eth orders and a few other crazy low ones in just in case. Otherwise still dca on eth and waiting for that bounce!

39.6k was last wick for recent support so at 38.7k it’s in a possible spot of bother.

I know some dudes here aped in at 3.6k ETH but I’d be super careful right now.

Everybody is aping long leverage like spastics. Alts and NFTs are weighing the entire market down and need to be nuked. Distribution seems to be happening at so called consolidation levels, the. It’s a leg down ‘consolidation’, leg down etc.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 21, 2022, 12:15:03 AM
Calls and puts without showing volume.

21st Jan @ 39k
28th Jan @ 50k / 42k / 38k —> max pain 44k-46k
25th Feb @ 40k / 35k / 30k
25th Mar @ 50k / 40k / 30k / 25k / 20k
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on January 21, 2022, 12:26:53 AM
BTC $ 39,111.46
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on January 21, 2022, 07:10:39 AM
ETH $ 2,786.13
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: jude2 on January 21, 2022, 01:25:19 PM
Quote from: FitnessFrenzy on January 21, 2022, 07:10:39 AM
ETH $ 2,786.13
I hope it come back.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 21, 2022, 03:30:07 PM
2,591 Flex is getting filled yo  :o

I shall live this trade by proxy through flex.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 21, 2022, 05:16:29 PM
Quote from: Mayday on January 21, 2022, 03:30:07 PM
2,591 Flex is getting filled yo  :o

I shall live this trade by proxy through flex.

Didn't expect it to get filled so soon. Next order is ETH 1.9k and changed btc to 30K.

There really isn't  much in the way of BTC dropping to 30k now. If it goes any lower and stays there then it's gonna take forever to recover. Close to maxing out on my crypto funds. Praying to papa Elon and Saylor
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 21, 2022, 07:46:05 PM
Quote from: Flexacon on January 21, 2022, 05:16:29 PM
Didn't expect it to get filled so soon. Next order is ETH 1.9k and changed btc to 30K.

There really isn't  much in the way of BTC dropping to 30k now. If it goes any lower and stays there then it's gonna take forever to recover. Close to maxing out on my crypto funds. Praying to papa Elon and Saylor

Good catch!

Dominance didn’t budge so it ain’t near an actual bottom. This is what I didn’t want to see happen but at 36k and still range low on dominance is dick punch material.

Historically price has gone back to a previous bottom and capitulation happened from there. We had 28k-32k bottom range in July so that’s where I imagine price ends up, people think it’s a double bottom but then it puked triggering the final capitulation.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on January 21, 2022, 11:39:59 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on January 22, 2022, 12:09:12 AM
BTC $ 35,537.13

ETH $ 2,474.91
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 22, 2022, 02:59:08 AM
Quote from: FitnessFrenzy on January 22, 2022, 12:09:12 AM
BTC $ 35,537.13

ETH $ 2,474.91

BTC got slapped to 34.2k

I’m waiting to see some reports update tomorrow but from what I see Grayscale is being dumped faster than spot.

Oh and SEC rejected Saylor’s proposal to use different accounting methods which would allow him to report his holdings without volatility swings 😂

MSTR I believe their debt is 2.6B now which gives a price of 21k vs debt. The risk is always whether the board suddenly changes their mind when price goes under and order him to sell coins to lower their debt. They were losing 50M/yr operating apparently so it’s not like they are making profit to actually pay their debt.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on January 23, 2022, 09:23:56 AM
its okay... gib sold everything at $67k
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 23, 2022, 01:02:06 PM
Quote from: TheGrinch on January 23, 2022, 09:23:56 AM
its okay... gib sold everything at $67k

It’s tough for maxis now as you’re halfway down and this isn’t the bottom.

Green line is the eventual target, approx 20k.

FOMC Meeting on the 25th-26th will be interesting. CPI is their core focus right now and traders dumping commodity positions helps get that metric down. Catch 22.

On Chain guys are in disbelief after crowing Supply shortage will pump to the moon this entire time…..

I had one dude disagreeing with me so he tells me he is a scientist and follows the data and it all says supply shortage so it goes up. I was pointing out the exchange supply is double that of 2017 and we have the same number of coins on exchanges now as we did in April yet price is 40% lower.  This was 2 days before this crash to 34k lol.

This ties back to my autist ways of price is set by belief psychology first and then supply/demand happens as a result. Its better to think of it this way and not treat them as being one and the same.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 23, 2022, 03:19:59 PM
Quote from: Mayday on January 23, 2022, 01:02:06 PM
It’s tough for maxis now as you’re halfway down and this isn’t the bottom.

Green line is the eventual target, approx 20k.

FOMC Meeting on the 25th-26th will be interesting. CPI is their core focus right now and traders dumping commodity positions helps get that metric down. Catch 22.

On Chain guys are in disbelief after crowing Supply shortage will pump to the moon this entire time…..

I had one dude disagreeing with me so he tells me he is a scientist and follows the data and it all says supply shortage so it goes up. I was pointing out the exchange supply is double that of 2017 and we have the same number of coins on exchanges now as we did in April yet price is 40% lower.  This was 2 days before this crash to 34k lol.

This ties back to my autist ways of price is set by belief psychology first and then supply/demand happens as a result. Its better to think of it this way and not treat them as being one and the same.

I don't think maxis are bothered, obviously not happy, but it is what it is for them.

I'd rather try navigate it and compound my gains.

If this hits 20k, I'm predicting a 200k cycle top in 2023
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 23, 2022, 05:33:26 PM
Quote from: Flexacon on January 23, 2022, 03:19:59 PM
I don't think maxis are bothered, obviously not happy, but it is what it is for them.

I'd rather try navigate it and compound my gains.

If this hits 20k, I'm predicting a 200k cycle top in 2023

Here you go,

Institutions looking for a 14.5k - 18k entry price.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 24, 2022, 04:54:12 AM
Fwiw Current move looking for 31.9k.

Exchanges have psychological buy walls at 30k.

Under that 24k 19k 14k which nobody thinks we will hit but you see my post above those 14k-19k is exactly where institutions have buying interest.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Spike on January 24, 2022, 05:19:02 AM
my $700 nest egg is down to $430

christ on a cracker
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 24, 2022, 01:06:48 PM
Gobbled up more ETH.

We are pretty much where we were Oct 1st last year. 69k ATH a couple of months later without retail getting involved. Hope for the same with some retail fomo and it's 80k-100k
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Tennisballz on January 26, 2022, 11:04:51 AM
So has this turned into another “it’s all over guys” immediately followed by a “buy now!  It’s going to the moon”?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 27, 2022, 04:11:31 AM
Quote from: Tennisballz on January 26, 2022, 11:04:51 AM
So has this turned into another “it’s all over guys” immediately followed by a “buy now!  It’s going to the moon”?

It's just following the dow right now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 27, 2022, 11:38:50 AM
Quote from: Tennisballz on January 26, 2022, 11:04:51 AM
So has this turned into another “it’s all over guys” immediately followed by a “buy now!  It’s going to the moon”?

There is generally months in between changes. A bottom from a large down movement generally takes weeks/months. We have not yet hit the bottom, all we got was an initial down and a top for a range.

The end of year was the big opportunity. It didn’t happen and then it was a question whether Jan would provide any bump given it’s a very positive money inflow month. It didn’t happen.

So what is there now?

7% CPI which equates to the 70s 15% all time record
QE which was flowing directly into banks finishes in March
QT starting after that which draws money out
3 x interest rate hikes starting from March
Sending people back to work which combined with the above sucks the life out of consumers

So it’s not primed to do any huge numbers this year.

I’m waiting for March. When rates actually do rise, I think it’ll be a very nervous run to the exits.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 27, 2022, 04:21:05 PM
Quote from: Mayday on January 27, 2022, 11:38:50 AM


I’m waiting for March. When rates actually do rise, I think it’ll be a very nervous run to the exits.

There is no one left to exit. Retail and China left the space several months ago.

It's just institutions selling to de-risk and for collateral whenever the dow starts looks shitty.

As far as predicting which way the crypto market goes, this is one of the easiest. If the dow recovers, btc rockets. If it slumps further btc tanks. We all know stockmarkets only goes up though, so any slump will be very brief.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheFranchise on January 27, 2022, 04:26:12 PM
https://twitter.com/disclosetv/status/1486800268348084226?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1486800268348084226%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fpatriots.win%2Fp%2F141FOg6FYG%2Fand-here-we-go%2Fc%2F

Biden is preparing to put out an executive order to regulate digital assets under the “national security” disguise.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on January 27, 2022, 04:50:34 PM
Well, Jerome Powell said absolutely nothing we already didn't know.


These are all ways to "hopefully" fight inflation, but I don't know if it will make that much of a difference. I think we are a little too far gone at this point.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 28, 2022, 03:34:09 AM
Quote from: TheFranchise on January 27, 2022, 04:26:12 PM
https://twitter.com/disclosetv/status/1486800268348084226?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1486800268348084226%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fpatriots.win%2Fp%2F141FOg6FYG%2Fand-here-we-go%2Fc%2F

Biden is preparing to put out an executive order to regulate digital assets under the “national security” disguise.

No prizes for guessing why he is doing that…..comrade…..

Russia is wanting to move energy to EUR from USD. The US then threatens to Wipe Russia from swift. Russia is hard in crypto. US attacks Ruble and threatens action against crypto.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 29, 2022, 03:05:11 PM
Opening a short on ETH  :-X
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on January 29, 2022, 03:34:14 PM
Quote from: Mayday on January 29, 2022, 03:05:11 PM
Opening a short on ETH  :-X

Well, don't tease us with this. If you're going short it tells me you think the price will go much lower. How much lower do you think ETH will go? In turn, how much lower do you see BTC going?

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 29, 2022, 05:13:50 PM
Quote from: OneMoreRep on January 29, 2022, 03:34:14 PM
Well, don't tease us with this. If you're going short it tells me you think the price will go much lower. How much lower do you think ETH will go? In turn, how much lower do you see BTC going?

"1"

BTC has had a heap of coins loaded onto exchanges so it looks primed for a retest of the lows.

ETH just tested its previous high. We might go down now to test the lows otherwise we need to break upwards.

Bottom is not in for the market so that is yet to happen. Q2 ?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 29, 2022, 06:51:28 PM
Quote from: OneMoreRep on January 29, 2022, 03:34:14 PM
Well, don't tease us with this. If you're going short it tells me you think the price will go much lower. How much lower do you think ETH will go? In turn, how much lower do you see BTC going?

"1"

As for where we are now.

Bottom will be at the point where BTC is cheap enough people will buy it over alts/NFTs. When BTC ranges low it does it to bleed out the entire market and force buyers back into BTC.

2014 and 2018 both had multiple bottom touches to bleed out the market. When it looked like the bottom was in, large players dumped and the market was reset.

Right now We will have a second bottoming so I’m looking for a 28k touch during this ranging first before any bounce happens. That’s  ETH @ 1,700.

At some point the longs are soooo high from the bottom big players send it down and that’s the cascade event as it’s a straight sell dump to close a long. See the last photo as the example for this. Those on the left are long liquidation points and the values are the highest in 3 months. People are yoloing longs hard on high lvr and at some point it’s too lucrative to not liquidate the entire market and that’s how the capitulation event happens.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on January 29, 2022, 08:37:22 PM
Quote from: Mayday on January 29, 2022, 06:51:28 PM
Right now We will have a second bottoming so I’m looking for a 28k touch during this ranging first before any bounce happens. That’s  ETH @ 1,700.

At ETH of $1,700 would slowly approach my ideal entry point. I think anything under $1,500 is a good buy.

Let's see what Biden's upcoming crypto executive order unveils for us next month. I think that can produce some significant price action.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 29, 2022, 08:46:57 PM
Quote from: Mayday on January 29, 2022, 03:05:11 PM
Opening a short on ETH  :-X

A short position after we've already had a 50% drop

(https://i.giphy.com/media/l3q2K5jinAlChoCLS/giphy.webp)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 29, 2022, 08:49:55 PM
Quote from: Mayday on January 29, 2022, 06:51:28 PM
As for where we are now.

Bottom will be at the point where BTC is cheap enough people will buy it over alts/NFTs. When BTC ranges low it does it to bleed out the entire market and force buyers back into BTC.

2014 and 2018 both had multiple bottom touches to bleed out the market. When it looked like the bottom was in, large players dumped and the market was reset.

Right now We will have a second bottoming so I’m looking for a 28k touch during this ranging first before any bounce happens. That’s  ETH @ 1,700.

At some point the longs are soooo high from the bottom big players send it down and that’s the cascade event as it’s a straight sell dump to close a long. See the last photo as the example for this. Those on the left are long liquidation points and the values are the highest in 3 months. People are yoloing longs hard on high lvr and at some point it’s too lucrative to not liquidate the entire market and that’s how the capitulation event happens.

(https://www.getbig.com/boards/index.php?action=dlattach;topic=574601.0;attach=1346466;image)

You're looking at this from the wrong perspective IMO.

Your brain is looking patterns and this chart teases that it's close to lining up. Look at it what it really shows though.

The first 2 bottoms came after blow off tops. We have not had a blow off top this cycle to expect a repeat of the bottom. If anything we are at the midpoint (bottom) of the 2012/13 double peak, just extended. This was your original thesis all along and we were on course for it. Chinese sell off, Omicron panic and a stock market dip sent crypto tanking. Nothing other than the price has changed with the predicted cycle or fundamentals for BTC or ETH. Why wouldn't you buy 2.5k Eth now when you were happy buying eth at 3.5k? Did FUD got you?

I'll be buying more ETH mid Feb. Hoping the price doesn't go up any more, lower works too.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 29, 2022, 09:23:41 PM
Quote from: Flexacon on January 29, 2022, 08:46:57 PM
A short position after we've already had a 50% drop

It’s just for the range play. But alas I went to short and I can’t do futures anymore in my country on Binance.

I’m assuming it will range like before and alts will bleed. I expect a second bottom before a breakout bounce but that might be 28k. I dunno.

Quote from: Flexacon on January 29, 2022, 08:49:55 PM

You're looking at this from the wrong perspective IMO.

Your brain is looking patterns and this chart teases that it's close to lining up. Look at it what it really shows though.

The first 2 bottoms came after blow off tops. We have not had a blow off top this cycle to expect a repeat of the bottom. If anything we are at the midpoint of the 2012/13 double peak, just extended. This was your original thesis all along and we were on course for it. Chinese sell off, Omicron panic and a stock market crash sent crypto tanking.

I'll be buying more ETH mid Feb. Hoping the price doesn't go up any more, lower works too.


Everyone keeps saying what you said. No blow off top therefore price goes up.

Parabolic = check
Double peak = check
Seasonality fit to 2013 = check (peaked 1 wk earlier than 2013)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 29, 2022, 10:13:22 PM
Quote from: Mayday on January 29, 2022, 09:23:41 PM
It’s just for the range play. But alas I went to short and I can’t do futures anymore in my country on Binance.

I’m assuming it will range like before and alts will bleed. I expect a second bottom before a breakout bounce but that might be 28k. I dunno.

Everyone keeps saying what you said. No blow off top therefore price goes up.

Parabolic = check
Double peak = check
Seasonality fit to 2013 = check (peaked 1 wk earlier than 2013)

Only blow off tops and the subsequent bleed have resulted in the type of bottom shown in your previous chart. That's why I'm saying it's unlikely we'll see a similar bottom yet. You won't get one without the other.

Also 2013 and 2017 were parabolic in the log charts. The May and Nov 2021 peaks you're showing aren't, so that can easily be unchecked.

There was a double peak in 2017 before the 2017 parabolic move so that could easily be a check for a parabolic run still to come.

Seasonality/end of cycle in the past meant money moves from BTC to ETH then ALTs. This didn't happen after the Nov ATH .

We are at the mercy of the stock market right now (dow) so we can still possibly go lower, but this cycle is far from done. x5 ETH
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 29, 2022, 11:25:39 PM
Quote from: Flexacon on January 29, 2022, 10:13:22 PM
Only blow off tops and the subsequent bleed have resulted in the type of bottom shown in your previous chart. That's why I'm saying it's unlikely we'll see a similar bottom yet. You won't get one without the other.

Also 2013 and 2017 were parabolic in the log charts. The May and Nov 2021 peaks you're showing aren't, so that can easily be unchecked.

There was a double peak in 2017 before the 2017 parabolic move so that could easily be a check for a parabolic run still to come.

Seasonality/end of cycle in the past meant money moves from BTC to ETH then ALTs. This didn't happen after the Nov ATH .

We are at the mercy of the stock market right now (dow) so we can still possibly go lower, but this cycle is far from done. x5 ETH

No blow off top for BTC because the sell pressure was organised and massive in the lead up. 2021 for BTC was mostly a 3 month long top distribution of large players dumping into retail and then crash meanwhile alts had a pure parabolic top. Total market still parabolic both times.


CHeck the BTC dominance end 2018 to today and you will see BTC at the exact same 40 zone as end cycle 2017. Market positioning and behaviour is the exact same as end cycle. Every bastard is buying and sitting in alts because BTC is too expensive. It’s the exact same story.

Grayscale institution buyers have not come back in droves so how can it be a bottom?

However or whatever triggers in the market I have no idea but I’m not interested until I see a bottom in and institutions are buying in droves.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on January 30, 2022, 03:12:51 AM
When Grayscale (parent company of GBTC) became a net seller of BTC and Coinbase went public that's when The Play started to unravel. Right now Grayscale is STILL charging a 2% management fee so... my suspicion is that no one wants to pay the two fat fucks (Sonnensheim & Silbert) a 2% management fee when they're not even really trying to convert to an ETF.   

My suspicion is that nothing will happen with BTC, in terms of price appreciation, until the USD/DXY takes a nosedive for good.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 30, 2022, 03:39:05 AM
Quote from: Slapper on January 30, 2022, 03:12:51 AM
When Grayscale (parent company of GBTC) became a net seller of BTC and Coinbase went public that's when The Play started to unravel. Right now Grayscale is STILL charging a 2% management fee so... my suspicion is that no one wants to pay the two fat fucks (Sonnensheim & Silbert) a 2% management fee when they're not even really trying to convert to an ETF.   

My suspicion is that nothing will happen with BTC, in terms of price appreciation, until the USD/DXY takes a nosedive for good.

I don’t have the chart saved but Jan-Mar coins from whales were being loaded onto exchanges  and dumped hard into retail FOMO. At the same time we see GBTC go from a premium to a discount. It had everything to do with selling the news event timing of coinbase.

Barry blames the GBTC discount on ETFs so he doesn’t spook the market. Can’t really blame the guy given the narrative of the bullrun has been institutional adoption.

Nobody gives a shit about a 2% fee when institutions were just buying at a 30% discount a week ago. The discount has more volatility swings in a day than the fee.

Then GBTC approaches 0% again it’s will mean institutions are buying again in volume.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on January 30, 2022, 03:39:40 AM
There is a lot of realized losses from crypto's total market cap of 3 to 1.7 trillion. A lot of people were wiped out.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 30, 2022, 07:30:58 PM
Quote from: FitnessFrenzy on January 30, 2022, 03:39:40 AM
There is a lot of realized losses from crypto's total market cap of 3 to 1.7 trillion. A lot of people were wiped out.

Stimmy money laser eyed Bitcoin buyers were the retail FOMO wave and they got nuked in April-May

Then November nuke

Then January nuke

We are about to get a mad volatility squeeze which should play out in the coming days. Up? Down? Depends on your view. Coins have been building up on exchanges the last 2 days which signals either preparation for a sell on an upward pump or a massive dump.

Volatility up takes up probably to 44k-46k. Volatility down sends us to 28k-32k.

Last night 28k coins were loaded into Binance in addition to coins days prior to that. This is gunna be a big one here, just wait for a direction breakout.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on January 31, 2022, 03:01:08 AM
Quote from: Mayday on January 30, 2022, 03:39:05 AM
I don’t have the chart saved but Jan-Mar coins from whales were being loaded onto exchanges  and dumped hard into retail FOMO. At the same time we see GBTC go from a premium to a discount. It had everything to do with selling the news event timing of coinbase.

Barry blames the GBTC discount on ETFs so he doesn’t spook the market. Can’t really blame the guy given the narrative of the bullrun has been institutional adoption.

Nobody gives a shit about a 2% fee when institutions were just buying at a 30% discount a week ago. The discount has more volatility swings in a day than the fee.

Then GBTC approaches 0% again it’s will mean institutions are buying again in volume.

Many things were happening back in 2021 but what happened with GBTC was that they halted all new investments. Being that anyone invested in the fund had a 6 month lock up period, it is now VERY clear the investors were in it for the premium (earlier investors dumping on the later tranches,) and it slowly began to bleed out. The excuse given was that the fund did not have enough BTC to back it up, and that Grayscale was basically printing certificates out of thin air. THAT's when they stopped buying BTC, which coincides, more or less, with BTC's top.

And yes, the 2% fee IS an issue precisely because they fund their operations by selling BTC. Since they have no investors and GBTC has gone to shit, the money runs out quickly, hence their selling. God knows how many BTC they are unloading onto the market now.

And yes, Sonnensheim and Silbert are conts, idiots. Their incompetence is stoopid beyond belief now. Still charging 2% in a world where everybody else is charging <1%.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 31, 2022, 09:16:33 AM
We had a parabolic run in May yet hit another ATH in Nov, suggesting Cycle isn't over.

-Retail was not involved in November yet we still hit an ATH.

-BTC dominance in that run didn't change much in those months yet we still hit an ATH.

-Nov was a domed top ATH both for the ALT market and BTC.

-No jump in GBTC buy ins yet we hit a Nov ATH

Nearly all end of cycle indicators failed in November.

Stocks recover, so does crypto. Bidens announcement will probably be neutral on crypto and it will be used to pump the market. March announcements could cause a stock market dump. Crypto dumps with it. Stocks eventually goes back up...

(https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQsJ0vvahyYim6-pW4TSpMaaAAl-swv2JCyOQ&usqp=CAU)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 31, 2022, 01:34:03 PM
Quote from: Slapper on January 31, 2022, 03:01:08 AM
Many things were happening back in 2021 but what happened with GBTC was that they halted all new investments. Being that anyone invested in the fund had a 6 month lock up period, it is now VERY clear the investors were in it for the premium (earlier investors dumping on the later tranches,) and it slowly began to bleed out. The excuse given was that the fund did not have enough BTC to back it up, and that Grayscale was basically printing certificates out of thin air. THAT's when they stopped buying BTC, which coincides, more or less, with BTC's top.

And yes, the 2% fee IS an issue precisely because they fund their operations by selling BTC. Since they have no investors and GBTC has gone to shit, the money runs out quickly, hence their selling. God knows how many BTC they are unloading onto the market now.

And yes, Sonnensheim and Silbert are conts, idiots. Their incompetence is stoopid beyond belief now. Still charging 2% in a world where everybody else is charging <1%.

**edit as I use too many words**

It’s the same mentality for the trust as the spot market, that’s the point I am making. The rationale is if the world’s largest crypto fund is at a large negative discount and is drip selling their coins (they are not dumping), it means the market has not bottomed otherwise we would see them reach equilibrium.

When we recently hit 33k we saw the Grayscale move from -30% to -20% in 3 days. Investors were buying BTC at 23k. You are too quick to assume the trust is failing rather than believe it is functioning fine and it’s the investors waiting for a bottom, just like we saw last week.

In other words it correlated on the way down but will correlate on the way up because a cheaper entry in the trust gives much better risk control than spot. Institutions will buy up the discount GBTC BEFORE they buy spot BTC just like we saw the trust premium go down BEFORE spot was dumped. It’s the same participants/psychology in both as they react together as the same time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 31, 2022, 01:55:11 PM
Quote from: Flexacon on January 31, 2022, 09:16:33 AM
Snip

I shall pray for your longs 🙏

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on January 31, 2022, 03:37:03 PM
Quote from: Mayday on January 31, 2022, 01:55:11 PM
I shall pray for your longs 🙏
(http://www.getbig.com/boards/index.php?action=dlattach;topic=574601.0;attach=1346779;image)

Geezus, who the fuck is that? Winnie the pooh post Meth?

(https://lumiere-a.akamaihd.net/v1/images/pooh_baeb7dc6.jpeg?region=410,0,1229,1229)

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 31, 2022, 06:47:54 PM
Quote from: OneMoreRep on January 31, 2022, 03:37:03 PM
Geezus, who the fuck is that? Winnie the pooh post Meth?

It’s Winnie the Pooh personified as the current crypto market

But you lot are acting more like this after a 50% drop and a 2% rally expecting an ATH within days.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 31, 2022, 11:39:44 PM
Apparently Raoul Pal only owns 1 BTC, the rest of his portfolio is mainly ETH.

Stablecoins, Defi, NFT's, the Metaverse, all are using Ethereum.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 01, 2022, 12:25:57 AM
Quote from: Griffith on January 31, 2022, 11:39:44 PM
Apparently Raoul Pal only owns 1 BTC, the rest of his portfolio is mainly ETH.

Stablecoins, Defi, NFT's, the Metaverse, all are using Ethereum.

And he has 15k put options in March……

Oh, he left that bit out
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 01, 2022, 03:04:18 AM
Visa Teams with ConsenSys for Central Bank Digital Currency Pilot

https://www.pymnts.com/cbdc/2022/visa-teams-with-consensys-for-central-bank-digital-currency-pilot/

Visa is collaborating with the (Ethereum) blockchain software company ConsenSys to launch a central bank digital currency (CBDC) pilot program to test retail applications like cards and wallets, Bloomberg reported on Thursday (Jan. 13).

Both companies will first hold talks with an estimated 30 central banks regarding what the monetary authorities expect to achieve with government-backed digital currencies. The pilot is anticipated to launch in the spring of this year.

Visa started offering payment cards linked to the stablecoin USD Coin in March. The USD Coin is pegged to the U.S. dollar and is managed by a consortium called Centre, which was founded by Circle and includes members from the cryptocurrency exchange Coinbase, PYMNTS reported.

“We think that stablecoins and CBDCs will coexist in the future and there’ll be a number of different approaches to creating products based on that,” Cuy Sheffield, Visa’s head of crypto, told Bloomberg.

China has already launched several trial programs with the digital yuan and is planning to accept the currency at the Beijing Winter Olympics. Nigeria and the Bahamas are also circulating their own CBDCs.

ConsenSys is headed by Ethereum co-founder Joseph Lubin, who has already tested CBDCs with the Hong Kong Monetary Authority, the Reserve Bank of Australia, and the Bank of Thailand.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on February 01, 2022, 03:25:57 AM
Quote from: Mayday on January 31, 2022, 01:34:03 PM
It’s the same mentality for the trust as the spot market, that’s the point I am making. The rationale is if the world’s largest crypto fund is at a large negative discount and is drip selling their coins (they are not dumping), it means the market has not bottomed otherwise we would see them reach equilibrium.

When we recently hit 33k we saw the Grayscale move from -30% to -20% in 3 days. Investors were buying BTC at 23k. You are too quick to assume the trust is failing rather than believe it is functioning fine and it’s the investors waiting for a bottom, just like we saw last week.

In other words it correlated on the way down but will correlate on the way up because a cheaper entry in the trust gives much better risk control than spot. Institutions will buy up the discount GBTC BEFORE they buy spot BTC just like we saw the trust premium go down BEFORE spot was dumped. It’s the same participants/psychology in both as they react together as the same time.

Oh my God dude... stubborn a bit huh? Grayscale is literally dumping their BTC daily. It's not a "drip". I'm not saying that the trust is failing, YOU are. No trust will ever go belly up if they finance their operating expenses on selling the premium into an almost 30% discount. And again, THIS after their 2% management fee has run out.

And no, I don't know if investors will buy up GBTC to a premium when BTC starts going ballistic because next time we will most likely have an ETF from someone else that will act as a black hole of money from new entrants. EVERYBODY knows, at least the ones paying attention, that the days of the 30% GBTC premium are over. Sonnensheim and Seibert managed this drop so erratically... I mean, at one point there were so many hybrid products out there arbitraging the discount that it kept on growing even when BTC was skyrocketing. Which spooked even more investors and ensured the predicament we're in right now.

       
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 01, 2022, 01:03:54 PM
Here's a hint for everyone including technical analysts - nobody knows what the price is going to do. Almost everyone has been off with this cycle. Many were expecting a blow off top in Q4 of 2021. That did not happen. Yeah Ethereum got close to $5,000 but the price people expected was $20,000.

Are there any billionaire TAs out there?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 01, 2022, 04:10:40 PM
Quote from: Slapper on February 01, 2022, 03:25:57 AM
Oh my God dude... stubborn a bit huh? Grayscale is literally dumping their BTC daily. It's not a "drip". I'm not saying that the trust is failing, YOU are. No trust will ever go belly up if they finance their operating expenses on selling the premium into an almost 30% discount. And again, THIS after their 2% management fee has run out.

And no, I don't know if investors will buy up GBTC to a premium when BTC starts going ballistic because next time we will most likely have an ETF from someone else that will act as a black hole of money from new entrants. EVERYBODY knows, at least the ones paying attention, that the days of the 30% GBTC premium are over. Sonnensheim and Seibert managed this drop so erratically... I mean, at one point there were so many hybrid products out there arbitraging the discount that it kept on growing even when BTC was skyrocketing. Which spooked even more investors and ensured the predicament we're in right now.

**edit - too many words.

Fwiw Grayscale holdings, maybe 1k/day sell for almost a year. I call it drip feed selling, others call it massive dumping.

I do hope BTC can get above the 40k mark so longs can get a good run short term. Volatility squeeze looks to be a decent size move.

But alas, I am only interested in the bottom. Maybe it’s April? Maybe it’s November? I shall hibernate until I see the bottom is in.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Spike on February 02, 2022, 08:37:24 AM
bitcoin has me concerned right now

had to liquidate and use remaining to fund my bodybuilding career with some igf1 and gh

Ill be back in the game once it gets above 40k
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: tommywishbone on February 02, 2022, 08:55:35 AM
Classic or Open Division sir?

Keen decision. I once new a bodybuilder that made over $40 one year.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 03, 2022, 04:29:27 AM
Immutable X (IMX) is gonna pump for a quick play when the Americans wake up. Sold some ETH and loaded up. $3.50 right now
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on February 03, 2022, 05:30:16 AM
Quote from: Spike on February 02, 2022, 08:37:24 AM
bitcoin has me concerned right now

had to liquidate and use remaining to fund my bodybuilding career with some igf1 and gh

Ill be back in the game once it gets above 40k

It's a strange thing to say, but that's probably a better financial choice  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 07, 2022, 07:01:29 AM
(https://i.kym-cdn.com/photos/images/original/001/321/553/f03.jpg)

Shorts rekt. Bears in tears.

Big ol pump into the super bowl very likely.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 10, 2022, 01:01:46 PM
Oh but you can’t use Grayscale as any guide because of blah blah blah…..

I bet it’s a different story as it moves rapidly towards equilibrium ;)

-11% is back to the July support level as spot holds @ 44k. We want to see this flip positive which would tell us institutions perceive the bottom as being in and retail essentially flushed out. Don’t get too excited yet, it needs to show 0%+ to be comfortable.

Price is heavily bot driven at the moment. 46k and 46.8k are resistance lines for now.

Super Bowl on Monday with BTC ads. Sell the event?  Feb 25th options expiration aren’t really showing any sign of life above 40k despite being up here for days.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 14, 2022, 04:36:19 AM
Quote from: Flexacon on October 13, 2021, 06:53:15 AM
Go with whatever coins you like and are comfortable holding long term. Buy in with the mentally that catching a new cycle top and taking some easy profit as a nice bonus if it happens, but long term holding is the default.

IMO crypto is close to ripping and going on bull run to a new cycle peak. The only thing that could potentially hold it back is a huge financial crash.

S&P 500 could drop up to 50% from its peak over the next few months. I've shorted it and plan on going long crypto (alts). That's my hedge. The retard in me is also hoping both plays come off simultaneously.

Both positions currently in the green

If this comes off my head will be this big

(https://www.getbig.com/boards/index.php?action=dlattach;topic=676941.0;attach=1347311;image)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on February 14, 2022, 06:16:02 AM
I'm all in C98. Hodl til the end of time.
never goes into my wallet, but I have set several widely-spaced price alerts
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 19, 2022, 10:52:39 PM
Getting very close to a bottom…..

Note the 3 circles I placed which are bottoms for 2014, 2018, 2019 following major peaks.

The bottom occurs at the start of the range when it closes together, not the end of it.

Historically a bottom from a major peak has taken 1yr. Peak was at the start of April if we look at active user data.

Coins on exchanges owned by whales vs retail is crazy high.

March options now have rising open interest for 15k-16k with bulk OI 20k-25k-30k for 25th March.

Sharemarket Volmageddon. Global war risk.

My Twitter feed contains some on chain people telling people they are dumb because of supply shortage. Influencers are posting 100k this year and how bad people should feel for not buying. Fandoms saying everybody is short and nobody is long therefore we will hit ATHs.

Make of that what you will.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 21, 2022, 01:54:05 AM
Shits fkd confirmation.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Notomorrow on February 21, 2022, 04:16:14 PM
This thread may eventually end poetically with Bitcoin about to hit $5,000 per coin.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 21, 2022, 04:52:31 PM
Quote from: Notomorrow on February 21, 2022, 04:16:14 PM
This thread may eventually end poetically with Bitcoin about to hit $5,000 per coin.

When people start thinking like this, I know I should start buying more.

Bitcoin flash crashed to 33K on nothing news a month ago. On invasion news it's somewhat surprisingly holding 37K. Could still dump further with the markets tomorrow, but other than sentiment nothing has changed with Crypto since the ATH last year. Be sensible, but don't be scared.

I saw this potentially coming a month ago and was expecting a much bigger dump. 33k again and 27K are possible wicks

Quote from: Flexacon on January 20, 2022, 06:39:22 PM


Got close to a 38k, but 40k support still trying its best to hold on.

Todays dump was just a mirror of the stock market. BTC could potentially flash crash with the stock market based on certain geopolitical news, so put some 35k btc buy orders and 2.5k eth orders and a few other crazy low ones in just in case. Otherwise still dca on eth and waiting for that bounce!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 21, 2022, 11:25:00 PM
Quote from: Flexacon on February 21, 2022, 04:52:31 PM
When people start thinking like this, I know I should start buying more.

Bitcoin flash crashed to 33K on nothing news a month ago. On invasion news it's somewhat surprisingly holding 37K. Could still dump further with the markets tomorrow, but other than sentiment nothing has changed with Crypto since the ATH last year. Be sensible, but don't be scared.

I saw this potentially coming a month ago and was expecting a much bigger dump. 33k again and 27K are possible wicks

Christmas Eve BTC price
2010 0.25
2011 $4
2012 $13
2013 $651
2014 $330 —> epic capitulation
2015 $453
2016 $899
2017 $13,673
2018 $4,120 —> epic capitulation
2019 $7,318
2020 $23,475
2021 $51,500
2022            —> epic capitulation???

 Everybody is bullish as hell and leveraged to the tits. My feed just now has stacks of calls for a 52k bounce from here. I see a lot of fake bearish stuff on Twitter, retail psyops themselves though 😂
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 22, 2022, 06:38:40 PM
25th Feb options @ 35k.

25th March options coming in very heavy at the 25k-30k region.

It might be too early for a capitulation in March to go sub 20k but we will see more as the date gets closer.

Every man and his dog says 27k-30k is the bottom so lots of longs at high LVR is on the cards which will be interesting

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 23, 2022, 05:27:27 AM
Quote from: Mayday on February 21, 2022, 11:25:00 PM
Christmas Eve BTC price
2010 0.25
2011 $4
2012 $13
2013 $651
2014 $330 —> epic capitulation
2015 $453
2016 $899
2017 $13,673
2018 $4,120 —> epic capitulation
2019 $7,318
2020 $23,475
2021 $51,500
2022            —> epic capitulation???

 Everybody is bullish as hell and leveraged to the tits. My feed just now has stacks of calls for a 52k bounce from here. I see a lot of fake bearish stuff on Twitter, retail psyops themselves though 😂

The epic capitulations were preceded by epic peaks.

Where epic peak?

(https://wompampsupport.azureedge.net/fetchimage?siteId=7575&v=2&jpgQuality=100&width=700&url=https%3A%2F%2Fi.kym-cdn.com%2Fphotos%2Fimages%2Fnewsfeed%2F001%2F042%2F619%2F4ea.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 23, 2022, 11:07:10 PM
Quote from: Flexacon on February 23, 2022, 05:27:27 AM
The epic capitulations were preceded by epic peaks.

Where epic peak?

Oi, I made that argument before 😝

It’s really just the reset we need, at whatever price that may be. Could be 10k, could be 15k or it could be the 27k wick that every crypto person is saying it will be.

What I would argue to myself who says ‘where peak’ is we are at 42.5% BTC dominance. Everybody is in alts at 35k. They need to be nuked and rug pulled otherwise going up means retail and capital is drawn away from BTC.

So for me, the low dominance is what I think price will react to. SOL at $50 sounds ok still. SOL at $10 makes you question whether it will actually rebound in years down the road.

Capitulation is crazy close. Every bastard said we were going to ATH or at least 52k and here we are at 35k. Retail can’t take much more of this.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 24, 2022, 05:49:26 PM
Quote from: Mayday on February 23, 2022, 11:07:10 PM


Retail left in the summer last year and hasn't got back involved in any significant way since. Only degens are left.

This year for whatever reason crypto is mirroring the financial markets. They've dumped around 15 to 20% this year. If it was a correction and it's corrected then we know what happens next..

I sold my short positions and rolled some into Eth. For now I'm  buying lumps of ETH whenever it drops under 2.5K. Betting on Eth one day breaking it's ATH. This is with the knowledge that the block chain trilemma has in a round about way been solved and there is a work around for gas fees. It's gonna be the easiest money I ever make.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 25, 2022, 08:19:41 AM
More shorts rekt. More dips bought. More compounding gains

(https://media3.giphy.com/media/XGnH2RGHoCqumsAXpo/giphy.gif?cid=790b76111b22642b19715597251ee53849a650aaa4aae3db&rid=giphy.gif&ct=g)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 25, 2022, 02:53:00 PM
Quote from: Flexacon on February 25, 2022, 08:19:41 AM
More shorts rekt. More dips bought. More compounding gains

(https://media3.giphy.com/media/XGnH2RGHoCqumsAXpo/giphy.gif?cid=790b76111b22642b19715597251ee53849a650aaa4aae3db&rid=giphy.gif&ct=g)

Nice.

Target 41k-41.6k perhaps and see if there is any buy pressure left. Everyone in alts yet again.

I went full autist so I deleted to make it shorter 😂

March 4th 35k
March 25th 30k

As we approach Apr-May just be careful with your dip buying. Every bastard is going long from the same level you are.

This is the 2nd bottom at the same points. We will get a 3rd and everyone will do the exact same thing. I’ve attached the current liquidation points for you. Longs are where the liquidity is.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on February 25, 2022, 02:56:01 PM
All I can say is I’m doing pretty damn good swing trading alts atm. Been swinging ach in the .04-.065 channel and doing very well. Swung gala from .16-.39. Getting nervous now though with btc having a hard time trying to hit 40k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on February 25, 2022, 03:02:29 PM
This period of "war" has certainly proved to be beneficial in terms of buying altcoins at bargain prices.

There are numerous coins right now that hold some SERIOUS potential. For once, I am starting to believe that Ethereum might not be as great of an investment as I once thought it would be. Sure, it can still mature towards a $10K/coin value, but even then, that's just a 4x from where we sit today. Those are not life-altering gains on an investment. A good return, but not great. There are some cryptos that are starting to look like great opportunities. That said, I still hold a decent position on $ETH, but I have diversified a good amount towards other projects.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on February 25, 2022, 03:18:42 PM
Quote from: robcguns on February 25, 2022, 02:56:01 PM
All I can say is I’m doing pretty damn good swing trading alts atm. Been swinging ach in the .04-.065 channel and doing very well. Swung gala from .16-.39. Getting nervous now though with btc having a hard time trying to hit 40k.

I did that initial gala run from .19 to.........  .7 or something?

I always stay in too long too......just like LRC...got in at 1.36 held to 3.00 never sold.

Still believe in that one though, so will wait it out.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on February 25, 2022, 03:39:45 PM
Quote from: Grape Ape on February 25, 2022, 03:18:42 PM
I did that initial gala run from .19 to.........  .7 or something?

I always stay in too long too......just like LRC...got in at 1.36 held to 3.00 never sold.

Still believe in that one though, so will wait it out.

I missed the initial gala run, my buddy got it nicely though. It’s hard to jump out cause you never know if it’s gonna go 1000% from where you are about to jump. I’ve decided lately to just swing and be happy on every swing for 2k or better. It is working and I’m happy trading this way now, I couldn’t have done it a while back though. So I just go in on every trade and say 2k and I’m out. Luckily the last few trades I didn’t look for a day or two and was up 5-10k so those are the fun ones.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on February 25, 2022, 03:42:41 PM
Quote from: robcguns on February 25, 2022, 03:39:45 PM
I missed the initial gala run, my buddy got it nicely though. It’s hard to jump out cause you never know if it’s gonna go 1000% from where you are about to jump. I’ve decided lately to just swing and be happy on every swing for 2k or better. It is working and I’m happy trading this way now, I couldn’t have done it a while back though. So I just go in on every trade and say 2k and I’m out. Luckily the last few trades I didn’t look for a day or two and was up 5-10k so those are the fun ones.

You are correct sir.  That's the maturation process I need.  And you're right, the FOMO part about missing the 100% is what causes this.  I've seen so many coins like Sushi / LRC, etc that all do the 20% bump and drop all the time.  I am going to start doing that, but right now the market is a bit too unpredictable.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 28, 2022, 07:57:22 AM
eBay Could Soon Accept Bitcoin, Ethereum And Dogecoin For Payments

https://www.benzinga.com/markets/cryptocurrency/22/02/25871566/ebay-could-soon-accept-bitcoin-ethereum-and-dogecoin-for-payments-report

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 28, 2022, 08:25:01 AM
Quote from: Griffith on February 28, 2022, 07:57:22 AM
eBay Could Soon Accept Bitcoin, Ethereum And Dogecoin For Payments

https://www.benzinga.com/markets/cryptocurrency/22/02/25871566/ebay-could-soon-accept-bitcoin-ethereum-and-dogecoin-for-payments-report

A lot of companies announce this kind of thing for a little boost to their stocks, especially when doge gets a mention. I always check if the stock has been struggling and yep eBay has been dumping (although what isn't)

Still bullish, but take it with a pinch of salt.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Spike on February 28, 2022, 08:26:25 AM
maybe with all the economic regulations on Russia they will start buying Bitcoin and pay for my next IGF cycle
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 28, 2022, 04:55:50 PM
Quote from: Mayday on February 25, 2022, 02:53:00 PM
Nice.

Target 41k-41.6k perhaps and see if there is any buy pressure left. Everyone in alts yet again.

I went full autist so I deleted to make it shorter 😂

March 4th 35k
March 25th 30k

As we approach Apr-May just be careful with your dip buying. Every bastard is going long from the same level you are.

This is the 2nd bottom at the same points. We will get a 3rd and everyone will do the exact same thing. I’ve attached the current liquidation points for you. Longs are where the liquidity is.

Huge green Hulk dick. Mirrored in BTC dominance. Biggest green daily candle since Feb 21.

Only a real nuke sends us down now (ETF news and Biden might cause some short term pain)

When do you FOMO? 52k or 58k?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 01, 2022, 03:16:20 AM
Quote from: Flexacon on February 28, 2022, 04:55:50 PM
Huge green Hulk dick. Mirrored in BTC dominance. Biggest green daily candle since Feb 21.

Only a real nuke sends us down now (ETF news and Biden might cause some short term pain)

When do you FOMO? 52k or 58k?

Massive green dildos alright, straight to daily resistance. Wouldn’t surprise me to see it go over the wma where people go apeshit again. I don’t mind because all I care about is the reset and whatever price that occurs at is what it is.

Deflationary event before inflationary policy/outcome. Happy to be wrong but I’m not going to believe a CPI of 7.5% (15% old metric)  is somehow equal to 0%. Right now you are in that boat with people who claim CPI doesn’t matter……..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 01, 2022, 03:41:18 AM
Quote from: Flexacon on February 28, 2022, 04:55:50 PM
Huge green Hulk dick. Mirrored in BTC dominance. Biggest green daily candle since Feb 21.

Only a real nuke sends us down now (ETF news and Biden might cause some short term pain)

When do you FOMO? 52k or 58k?

FYI Nukes are on the table and there is a very real chance someone gets nuked the longer this goes on.

It’s WW3 and totally messed up. I don’t think we walk away all happy and smiling from this, it’s highly likely something does go horribly wrong here.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on March 01, 2022, 08:28:51 AM
BTC $ 43,842.76
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Notomorrow on March 01, 2022, 11:34:45 AM
Bitcoin suddenly shows how it can be relevant. Putin bans exporting $ from Russia over $10,000 so Russians are using Bitcoin. This is a power people have that can avoid government sanctions, rules or monetary policy. Unlike Gold, you can more easily conduct transactions with Bitcoin.

I am jumping ahead obviously, but the Russia situation does show how Bitcoin can be used in a practical way as a reserve currency. Not just to hold but to move money during government/economic turmoil or uncertainty. Even during times of inflation. I have new hope for Bitcoin. We'll see how government regulates it. This is getting interesting.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 01, 2022, 11:57:52 AM
Quote from: Notomorrow on March 01, 2022, 11:34:45 AM
Bitcoin suddenly shows how it can be relevant. Putin bans exporting $ from Russia over $10,000 so Russians are using Bitcoin. This is a power people have that can avoid government sanctions, rules or monetary policy. Unlike Gold, you can more easily conduct transactions with Bitcoin.

I am jumping ahead obviously, but the Russia situation does show how Bitcoin can used in a practical way as a reserve currency. Not just to hold but to move money during government/economic turmoil or uncertainty. Even during times of inflation. I have new hope for Bitcoin. We'll see how government regulates it. This is getting interesting.

Good post.

Ukraine has also benefited from direct crypto donations to support their resistance efforts. The simplicity of the whole process was an impressive thing to witness.

The other interesting thing was that Ukraine asked the centralized exchanges (binance and kucoin) to ban Russians. They politely declined, but the sooner the switch is made to decentralized exchanges the better.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 01, 2022, 08:25:02 PM
Hey Flex how does the sharemarket look to you?

I’m seeing a crossover on longer term MA which have signalled all bottoms post GFC. So really, we should be at the bottom right now if the last 14yrs trend is followed. Seeing some major figure heads posting recently I think they are looking at the same thing which is the bottom on markets is in. What do you think?

Some big heads have talked about BTC decoupling yet they also say ‘waiting to buy the dip’….. 25th March options expiry is all 25k30k so maybe options get nuked this time?

I’m already top 5% in the Pulsex sacrifice for ICO. So I am a degenerate aswell lol. I also have a large chunk set aside specifically for Pulsechain. My HEX is staked aswell. So I have YOLO’d but with a fraction of the money I was playing with before.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 01, 2022, 09:24:42 PM
'Airbnb CEO says they're absolutely looking into crypto for payments'.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IronMagazine.com on March 01, 2022, 10:19:57 PM
Bitcoin jumps back above $40,000 as Russians switch to crypto
https://www.cnn.com/2022/03/01/investing/bitcoin-price-russia-ruble-intl-hnk/index.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on March 01, 2022, 10:23:48 PM
It is very rare to see Bitcoin having such a few strong days when the stock market is going down.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 02, 2022, 01:18:21 AM
Quote from: FitnessFrenzy on March 01, 2022, 10:23:48 PM
It is very rare to see Bitcoin having such a few strong days when the stock market is going down.

Why I’m puzzled is I know some of the same big players who are claiming ‘decoupling’ from markets and ‘this feels like March 2020 after the pandemic hit’ hold massive option puts for March at the 15k - 25k price range. They are literally counter trading retail while telling them to FOMO. It’s all kinds of fucked up.

I have tweets in my feed where people are literally orgasming at the thought of Nukes being launched. People are wanting to know how many people are dead because they think they can quantify deaths to BTC future price. The only thing more retarded than that is when I saw people claiming to actually be retarded because they scored high on an autist exam. I am outraged on behalf of Matt 😂

CPI print 10th March.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 02, 2022, 07:14:18 AM
Quote from: Mayday on March 01, 2022, 08:25:02 PM
Hey Flex how does the sharemarket look to you?

I’m seeing a crossover on longer term MA which have signalled all bottoms post GFC. So really, we should be at the bottom right now if the last 14yrs trend is followed. Seeing some major figure heads posting recently I think they are looking at the same thing which is the bottom on markets is in. What do you think?

Some big heads have talked about BTC decoupling yet they also say ‘waiting to buy the dip’….. 25th March options expiry is all 25k30k so maybe options get nuked this time?

I’m already top 5% in the Pulsex sacrifice for ICO. So I am a degenerate aswell lol. I also have a large chunk set aside specifically for Pulsechain. My HEX is staked aswell. So I have YOLO’d but with a fraction of the money I was playing with before.

Yeah I played it that the bottom was in. Liquidity has been an issue and the invasion causing repositioning of market postions would bring in liquidity. So I was out on that big dip.

Quote from: Flexacon on February 24, 2022, 05:49:26 PM

This year for whatever reason crypto is mirroring the financial markets. They've dumped around 15 to 20% this year. If it was a correction and it's corrected then we know what happens next..

I sold my short positions and rolled some into Eth.

Quote from: Mayday on March 02, 2022, 01:18:21 AM
Why I’m puzzled is I know some of the same big players who are claiming ‘decoupling’ from markets and ‘this feels like March 2020 after the pandemic hit’ hold massive option puts for March at the 15k - 25k price range. They are literally counter trading retail while telling them to FOMO. It’s all kinds of fucked up.



What proof is there that those individuals hold those positions?

The beauty of crypto is that we can track big wallets. Whales also make mistakes and get it wrong too. I wouldn't follow anyone blindly in all this.

I don't think it's decoupled quite yet, just showing more strength than earlier in the year.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 02, 2022, 07:31:41 AM
Crypto is holding up remarkably well so far, considering the situation.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 02, 2022, 06:46:16 PM
Quote from: Flexacon on March 02, 2022, 07:14:18 AM
Yeah I played it that the bottom was in. Liquidity has been an issue and the invasion causing repositioning of market postions would bring in liquidity. So I was out on that big dip.

What proof is there that those individuals hold those positions?

The beauty of crypto is that we can track big wallets. Whales also make mistakes and get it wrong too. I wouldn't follow anyone blindly in all this.

I don't think it's decoupled quite yet, just showing more strength than earlier in the year.

Nice.

Re the options as an example Raoul Has options in March @ 15k. I found it in a sea of Twatter and he replied he confirmed he held them. back in time and he has been open about a crash early 2022. Others are mostly no crash, we just rocket and bottom is in.

Barry Silbert is another one, says ‘we are buying’ Particularly odd as coinglass data has grayscale selling since Feb last year just as the premium went negative. We can all likely all agree we think a crap tone of money is going to come into the space. Grayscale being the largest would know. Maybe buying at 44k isn’t the ‘bottom’ but they are preparing at 44k because the dip is almost here? So whether it’s 34k or 44k their incoming funds are so large it won’t matter, it’s just better to prepare early?

Jan and Feb options were bang on for a price tap so at least for the moment it seems whoever is playing is large enough to move the price where they want to in order to meet the options price.

This is 25th March options. Even with the bounce not much has changed, there is 50k call but it hasn’t budged in weeks. Also the 3rd largest Bitcoin wallet just started to sell. I’m sticking to my own economic/inflationary strategy which has been awesome right up until Russia. My strategy says we need a deflationary event before we go up but the market is saying no, we are going straight up now. It reminds me of the GFC where energy flew up, rates started to rise and everyone was saying ‘we are going straight up now’.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 02, 2022, 10:05:31 PM
Quote from: Mayday on March 02, 2022, 06:46:16 PM

This is 25th March options. Even with the bounce not much has changed, there is 50k call but it hasn’t budged in weeks. Also the 3rd largest Bitcoin wallet just started to sell. I’m sticking to my own economic/inflationary strategy which has been awesome right up until Russia. My strategy says we need a deflationary event before we go up but the market is saying no, we are going straight up now. It reminds me of the GFC where energy flew up, rates started to rise and everyone was saying ‘we are going straight up now’.

Can't trust anyone in the space. The multi billionaire CEO of Citadel has for years been shit talking crypto, called btc pumps tulip mania, called crypto a jihadist call against the dollar. After front running everyone he now he wants to become a market maker in crypto.

I don't think we will have GFC type event. It will be a bubble popping like dot.com. The can can still take a few more kicks before we get there.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 04, 2022, 01:06:13 AM
Quote from: Flexacon on March 02, 2022, 10:05:31 PM
Can't trust anyone in the space. The multi billionaire CEO of Citadel has for years been shit talking crypto, called btc pumps tulip mania, called crypto a jihadist call against the dollar. After front running everyone he now he wants to become a market maker in crypto.

I don't think we will have GFC type event. It will be a bubble popping like dot.com. The can can still take a few more kicks before we get there.

Ranged inside here. It’s already heated but I’d imagine a breakout now to try and takeout 46k and go up towards 52k. It’s already heated so I can’t imagine this will last long if it breaks out. 15 days?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on March 04, 2022, 05:07:18 AM
Interesting twist of events...

Ethereum is looking really dicey at the moment. From possible favors in the past from the SEC, which might bite them on the ass soon, to now a dirty little connection to JP Morgan.

Following a recent lawsuit, it was revealed that JP Morgan, UBS and Mastercard own Consensys. Consensys, in turn, owns Infura & Metamask.

Now given that practically all Ethereum Virtual Machine transactions go through Consensys, JP Morgan has a direct snapshot of these transactions!! Insider trading anyone?

No such thing as decentralized finance if the banks and venture capital groups are able to see it all.

Ethereum is looking a lot like a security and also like a vehicle for insider trading?

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 04, 2022, 12:35:31 PM
Quote from: OneMoreRep on March 04, 2022, 05:07:18 AM
Interesting twist of events...

Ethereum is looking really dicey at the moment. From possible favors in the past from the SEC, which might bite them on the ass soon, to now a dirty little connection to JP Morgan.

Following a recent lawsuit, it was revealed that JP Morgan, UBS and Mastercard own Consensys. Consensys, in turn, owns Infura & Metamask.

Now given that practically all Ethereum Virtual Machine transactions go through Consensys, JP Morgan has a direct snapshot of these transactions!! Insider trading anyone?

No such thing as decentralized finance if the banks and venture capital groups are able to see it all.

Ethereum is looking a lot like a security and also like a vehicle for insider trading?

"1"

JP Morgan was another guy that perennially shit talked crypto.

The sketchiness around ETH goes back even further. The SEC chair who originally went after Ripple did so as his last act before joining a very pro ETH crypto platform involved in wallets, transfers and settlements.

The things you mention whilst definitely a negative for ETH are not fundamental issues with the blockchain. It's  more an on boarding issue. You don't need to use metamask or  Infura nodes. You can even go as far as creating your own nodes. Ethereum just needs better solutions for on boarding.

You wouldn't put the blame on the eth blockchain for all the shitcoins that exist on it. This would be a similar albeit a far more serious situation.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 04, 2022, 12:51:06 PM
Quote from: Mayday on March 04, 2022, 01:06:13 AM
Ranged inside here. It’s already heated but I’d imagine a breakout now to try and takeout 46k and go up towards 52k. It’s already heated so I can’t imagine this will last long if it breaks out. 15 days?

No point looking at daily, even weekly price movements any more for me. The hopes of a rocket is long dead. Time to start looking long term and ranges between 30k to 60k and picking things up when near the bottom of that. Might even see it swing between 25k at 75k at some point. Still don't see crypto winter. Just things taking longer, but also going higher.

It's this play now

Quote from: Flexacon on November 26, 2021, 03:56:02 PM
Wasn't looking forward to a parabolic cycle top and staying in stable coin if we did peak in dec/jan. A slow extended cycle is much better, potentially better gains too!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on March 07, 2022, 01:18:38 PM
BTC $ 37,567.21 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 07, 2022, 11:13:49 PM
Interesting times with Charles and ADA. Is he frauding or just a getbigger?

(He claimed he'd done a degree and started a phd. Both appear to be lies)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 08, 2022, 12:38:02 AM
Quote from: Flexacon on March 04, 2022, 12:51:06 PM
No point looking at daily, even weekly price movements any more for me. The hopes of a rocket is long dead. Time to start looking long term and ranges between 30k to 60k and picking things up when near the bottom of that. Might even see it swing between 25k at 75k at some point. Still don't see crypto winter. Just things taking longer, but also going higher.

It's this play now

I was only fake posting a pump because I was going to bear post and didn’t want to annoy you lol.

Options at the end of each month out to June are all 25k-35k. At some point everyone going to go long at 25k and it’ll nuke.

Russia is all through BTC and mining. Why would the US nuke energy but Bitcoin is hands off?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 08, 2022, 09:37:50 AM
Quote from: Mayday on March 08, 2022, 12:38:02 AM
I was only fake posting a pump because I was going to bear post and didn’t want to annoy you lol.

Options at the end of each month out to June are all 25k-35k. At some point everyone going to go long at 25k and it’ll nuke.

Russia is all through BTC and mining. Why would the US nuke energy but Bitcoin is hands off?

Nuke the price? Maybe, but it would shoot straight back up.

BTC long term holders (6 months+) isn't far off its all time high. Basically people holding now held through 69k and the 50% drop and didn't sell. Doubt an extra 15% drop makes those people sell.

Restrict BTC to blanket ban Russians using it? Good luck to them with that. It only legitimatises BTCs bull thesis. They would need implement a China type ban worldwide.

Didn't some guys have options for 15k/20k in March? Even with a war going on, who would wanna hold that right now?

Sending the BTC price lower right now isn't gonna be easy. Smaller and mid caps Alts on the other hand... I think that's where the pain could come from
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 09, 2022, 12:13:50 AM
The gist of Biden's Crypto Executive Order got leaked via Yellen. It was pretty bullish and crypto is enjoying a pump.

“Under the executive order, Treasury will partner with interagency colleagues to produce a report on the future of money and payment systems,”

The department would also convene the Financial Stability Oversight Council to “evaluate the potential financial stability risks” of digital assets in order to assess whether appropriate safeguards are in place.

Biden’s executive order calls for a coordinated and comprehensive approach to digital asset policy, stated Yellen. The Secretary of the Treasury stated that this approach would support responsible innovation and could result in “substantial benefits for the nation, consumers and businesses.”

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on March 09, 2022, 12:31:26 PM
Shakeout day all around. Everything that was going up: Oil, Gold, & Wheat… went down and what was going down: Stocks, Crypto & currencies against the dollar went up.

Usually once this runs its course, the prior trend continues.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 09, 2022, 12:41:50 PM
Quote from: Thin Lizzy on March 09, 2022, 12:31:26 PM
Shakeout day all around. Everything that was going up: Oil, Gold, & Wheat… went down and what was going down: Stocks, Crypto & currencies against the dollar went up.

Usually once this runs its course, the prior trend continues.

CPI tomorrow will determine if today was a shakeout. I'm sitting more on the side that everything that was going up today continues going up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on March 09, 2022, 12:42:29 PM
Classic Wall St. Sleight of hand. The stocks that have gotten hit the hardest did the best but it’s little consolation to the dopes who bought at the peak. It does give them hope and keep them in the game for awhile but eventually hope turns to despair and they take the loss.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on March 09, 2022, 12:47:22 PM
Quote from: Flexacon on March 09, 2022, 12:41:50 PM
CPI tomorrow will determine if today was a shakeout. I'm sitting more on the side that everything that was going up today continues going up.

So far, it’s a classic bear market with rallies getting launched from lower and lower levels:
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on March 09, 2022, 12:55:44 PM
The financial media today labeled the stock market as “Dip Buying”

How do they know it wasn’t mainly swing trader short covering?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 09, 2022, 01:08:17 PM
Quote from: Thin Lizzy on March 09, 2022, 12:47:22 PM
So far, it’s a classic bear market with rallies getting launched from lower and lower levels:

Not saying you're wrong because that's exactly what it looking like, but these days it's a clown market. Everything is sentiment driven and the manipulation isn't even subtle any more.

Markets apparently went up today because of positive sentiment with Venezuelain oil, Ukraine no longer chasing Nato membership and Indian wheat making up for the loss of Ukrainian wheat.

I posted some of this news a few days, but this makes the market go up today? BS

The Wall St. Sleight of hand you refer to works both ways. Those expecting a bear market may be the ones that get played.

I'm excepting the CPI figure won't be as high as expected. Maybe as optimistic as 6.9%
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on March 09, 2022, 03:10:19 PM
I don’t put much value in economic reports. I see them more as rationalizations rather than causes of price moves. I look mainly at price action which cuts through all the bullshit:

These are some serious companies taking hits that are much more than corrections:
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on March 09, 2022, 03:10:51 PM
Fb
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on March 09, 2022, 03:11:55 PM
PayPal
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 09, 2022, 05:56:14 PM
Quote from: Thin Lizzy on March 09, 2022, 12:47:22 PM
So far, it’s a classic bear market with rallies getting launched from lower and lower levels:

Yep I agree with you Lizzy, so many similarities to GFC.

There has been no BANG like the pandemic and it’s following the same bleed as GFC. The same patterns aswell where inflation went bananas and energy took off for 7 more months as stock sold off.

Look at today. Inflation is bananas and energy has taken off while stocks selling off. Retail now taught to buy the dip and have don’t it for 3 months. Liquidity is dried up just like GFC and both shorts and longs on the daily get wrecked. See oil last night? 103-126 range, everybody getting wrecked. Same shit all over again.

CDSs also doing the exact same thing as GFC rising up suggesting defaults ahead. That shit isn’t going away, they will default First and bailout second.

Energy has heaps to go yet and if history is similar to GFC we are 3 months into a 6-7 month leg. No pain really until 150+ At which point inflation is gutted as demand is crushed and consumption goes down.

AAPL is pretty much the last one standing, if that goes the S&P takes the next step down sub 4200 and crypto also steps down.

Retail been taught to buy the dip in everyone is buying saying calling the bottom on everything is in.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: 2020 Olympia on March 10, 2022, 07:21:08 AM
I have 15k to spare and would liketo put it in crypto. Any suggestions would be appreciated. Also how to go about it... am new at this

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: jude2 on March 10, 2022, 12:00:28 PM
Quote from: 2020 Olympia on March 10, 2022, 07:21:08 AM
I have 15k to spare and would liketo put it in crypto. Any suggestions would be appreciated. Also how to go about it... am new at this
Get app that lets you buy Crypto. I would put half in BTC and ETH.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: 2020 Olympia on March 11, 2022, 07:28:25 AM
Quote from: jude2 on March 10, 2022, 12:00:28 PM
Get app that lets you buy Crypto. I would put half in BTC and ETH.
thank you... what app?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 11, 2022, 08:22:50 AM
Quote from: 2020 Olympia on March 10, 2022, 07:21:08 AM
I have 15k to spare and would liketo put it in crypto. Any suggestions would be appreciated. Also how to go about it... am new at this
If you are in USA, create a Coinbase or Binance.us account. Then once you are confirmed via SSN and photos you can add a bank account and deposit dollars directly into your Coinbase or Binance accounts. It could take a while to get the approval so start now to get it set up at least.

Once the money is in your account you can buy cryptos with your $15,000.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on March 11, 2022, 11:06:48 AM
Quote from: 2020 Olympia on March 10, 2022, 07:21:08 AM
I have 15k to spare and would liketo put it in crypto. Any suggestions would be appreciated. Also how to go about it... am new at this

/quote]

5k in chainlink- the oracle will 20-50 fold eventually.
5k in alchemy pay- pay rail will easily 50 fold within a year or two and eventually 100 fold as market cap is so low.
5k in decentraland or gala. Solid gaming crypto will no doubt 10-20 fold with in a year or two and eventually a lot more.

Being as the future is gaming and virtual worlds gala and decentraland is a no brainer I would have no problem going 50/50 in both with 15k.

I would use coinbase or crypto.com if available where you are.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on March 11, 2022, 01:04:22 PM
Quote from: Mayday on March 09, 2022, 05:56:14 PM
Yep I agree with you Lizzy, so many similarities to GFC.

There has been no BANG like the pandemic and it’s following the same bleed as GFC. The same patterns aswell where inflation went bananas and energy took off for 7 more months as stock sold off.

Look at today. Inflation is bananas and energy has taken off while stocks selling off. Retail now taught to buy the dip and have don’t it for 3 months. Liquidity is dried up just like GFC and both shorts and longs on the daily get wrecked. See oil last night? 103-126 range, everybody getting wrecked. Same shit all over again.

CDSs also doing the exact same thing as GFC rising up suggesting defaults ahead. That shit isn’t going away, they will default First and bailout second.

Energy has heaps to go yet and if history is similar to GFC we are 3 months into a 6-7 month leg. No pain really until 150+ At which point inflation is gutted as demand is crushed and consumption goes down.

AAPL is pretty much the last one standing, if that goes the S&P takes the next step down sub 4200 and crypto also steps down.

Retail been taught to buy the dip in everyone is buying saying calling the bottom on everything is in.

If you bought Apple on the dip at 170 or 165 the latter being a 10% dip which is a common entry point, you’re already in a hole:

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on March 11, 2022, 01:13:07 PM
Amazon has been very manipulated. It had a big 15% earnings bump which was trumpeted by the media as the largest one day market cap upside move ever. What they left out of the story is that it had dropped 8% the prior day, so the net was only 7. It has since given all that back, made a new low then reversed on the bounce day and then on the 20/1 stock split and 10 billion buyback story. The stock split is just taking your 100 dollar bill and giving you 20 5s. The buyback is less than 1% of the outstanding stock.

IMO, insiders are looking to dump it. Stay away.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on March 11, 2022, 02:55:46 PM
SEC vs Ripple case is really starting to look promising for Ripple.

New developments occurred today that caused a > 10% pump in $XRP price action.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 11, 2022, 03:53:24 PM
Quote from: Thin Lizzy on March 11, 2022, 01:04:22 PM
If you bought Apple on the dip at 170 or 165 the latter being a 10% dip which is a common entry point, you’re already in a hole:

The dip that just keeps dipping.

 just now we have govt calls here on prison island for masking and immediate work from home because of the new covid variant which nobody has yet.

Consumer demand gunna get torn to shreds very very soon. None of that is priced in.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on March 11, 2022, 04:08:34 PM
Quote from: OneMoreRep on March 11, 2022, 02:55:46 PM
SEC vs Ripple case is really starting to look promising for Ripple.

New developments occurred today that caused a > 10% pump in $XRP price action.

"1"

Xrp will be huge.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on March 11, 2022, 04:10:27 PM
Quote from: Mayday on March 11, 2022, 03:53:24 PM
The dip that just keeps dipping.

 just now we have govt calls here on prison island for masking and immediate work from home because of the new covid variant which nobody has yet.

Consumer demand gunna get torn to shreds very very soon. None of that is priced in.

From what I’ve seen y’all are a year behind in the scam. In NYC, we’re wrapping it up, mask and vaccine mandates are done.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 11, 2022, 05:12:17 PM
Quote from: Thin Lizzy on March 11, 2022, 04:10:27 PM
From what I’ve seen y’all are a year behind in the scam. In NYC, we’re wrapping it up, mask and vaccine mandates are done.

Just Seasonality. When you have Summer we have Winter.  We will follow whatever you lot do and Police will beat up 80yr olds again.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 12, 2022, 01:24:10 AM
Tech stocks were in a bubble. It wasn't going to last. I don't know anyone buying back in as no one knows what to do right now because of inflation and the war in Ukraine. Even if buy the dip and the markets go up, you'll still probably be losing wealth.

I've actually been telling non crypto guys to start accumulating Bitcoin. The crypto friendly announcements and what bitcoin has done and shown it can do in the real world the last few months is probably more bullish for btc than everything combined since it's inception.

Once BTC price starts running again it wont stop.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 12, 2022, 01:58:45 PM
Quote from: Flexacon on March 12, 2022, 01:24:10 AM
Tech stocks were in a bubble. It wasn't going to last. I don't know anyone buying back in as no one knows what to do right now because of inflation and the war in Ukraine. Even if buy the dip and the markets go up, you'll still probably be losing wealth.

I've actually been telling non crypto guys to start accumulating Bitcoin. The crypto friendly announcements and what bitcoin has done and shown it can do in the real world the last few months is probably more bullish for btc than everything combined since it's inception.

Once BTC price starts running again it wont stop.

US Retail has been dip buying the stocks. 2nd largest retail buying in Jan and then it dipped again. I know people who dumped into stocks in Jan to buy the dip and they are scratching their heads.

BTC will do amazingly good once things settle down and people know where the bottom actually is.

historic BTC capitulation happens when mining is not worth it anymore. Previously it was caused by the selling off of BTC causing price drops however consider our scenario today and a sell off isnt necessarily a problem but the rising cost of energy is.

The immediate threat to BTC is rising energy costs causes miners to shutdown and dump their holdings. I haven’t seen anybody talk about the cost to mine BTC and yet it’s literally standing on the edge of the abyss……. 👀
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 12, 2022, 05:29:50 PM
Quote from: Mayday on March 12, 2022, 01:58:45 PM
US Retail has been dip buying the stocks. 2nd largest retail buying in Jan and then it dipped again. I know people who dumped into stocks in Jan to buy the dip and they are scratching their heads.

BTC will do amazingly good once things settle down and people know where the bottom actually is.

historic BTC capitulation happens when mining is not worth it anymore. Previously it was caused by the selling off of BTC causing price drops however consider our scenario today and a sell off isnt necessarily a problem but the rising cost of energy is.

The immediate threat to BTC is rising energy costs causes miners to shutdown and dump their holdings. I haven’t seen anybody talk about the cost to mine BTC and yet it’s literally standing on the edge of the abyss……. 👀

To be fair to people buying the dip in Jan, they probably had no idea of the Ukraine situation. Who saw that coming?  8)

Ironically though those dip buyers may get rescued, because the conditions are now starting to look perfect for money printing.

I use a similar oscillator and both say the same thing to me. We are at the 2017 stage. Late March we might get a small dump and then a green April. How big a green depends on what happens with the money printer.

The US (Texas) is laying down the foundations to lead the world in btc mining. Renewables/Solar are due to start going live in spring. As I said in my other post the news for BTC is overwhelmingly bullish right now and to me it doesn't look like it's been priced in/reflected in the price. Final hurdle for BTC is a spot ETF, by then 6 figures could be the floor price.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 13, 2022, 11:59:07 PM
Quote from: Flexacon on March 12, 2022, 05:29:50 PM
To be fair to people buying the dip in Jan, they probably had no idea of the Ukraine situation. Who saw that coming?  8)

Ironically though those dip buyers may get rescued, because the conditions are now starting to look perfect for money printing.

I use a similar oscillator and both say the same thing to me. We are at the 2017 stage. Late March we might get a small dump and then a green April. How big a green depends on what happens with the money printer.

The US (Texas) is laying down the foundations to lead the world in btc mining. Renewables/Solar are due to start going live in spring. As I said in my other post the news for BTC is overwhelmingly bullish right now and to me it doesn't look like it's been priced in/reflected in the price. Final hurdle for BTC is a spot ETF, by then 6 figures could be the floor price.

 'ETH 2.0' should also be occurring in June.

Should be able to handle 200 000 transactions per second compared to the current 30.

Moving from Proof-of-Work to Proof-of-Stake should apparently also increase security and use very little electricity in comparison (99.5% less) and current gas fees should also be lower.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on March 14, 2022, 10:30:18 AM
Quote from: Flexacon on March 12, 2022, 01:24:10 AM
Tech stocks were in a bubble. It wasn't going to last. I don't know anyone buying back in as no one knows what to do right now because of inflation and the war in Ukraine. Even if buy the dip and the markets go up, you'll still probably be losing wealth.

I've actually been telling non crypto guys to start accumulating Bitcoin. The crypto friendly announcements and what bitcoin has done and shown it can do in the real world the last few months is probably more bullish for btc than everything combined since it's inception.

Once BTC price starts running again it wont stop.

Pretty much every sector is tanking, now that energy has joined the party.

If I were to bet I’d go with Tesla hitting 400 before 1200:

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on March 14, 2022, 10:32:38 AM
The Bitcoin ETF is down almost 50% since it first opened. Sorry, that’s more than a correction.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 14, 2022, 10:02:01 PM
Quote from: Thin Lizzy on March 14, 2022, 10:30:18 AM
Pretty much every sector is tanking, now that energy has joined the party.

If I were to bet I’d go with Tesla hitting 400 before 1200:

Tesla is pretty much a tech company first and auto manufacturer second.

I'm mostly not involved right now (I was actually short everything until a few weeks ago) and I don't deny the market looks like it's heading into the abyss, but I just think they won't let it happen. More can kicking and possibly money printing.

I do think there is a good chance some mid sized funds get burnt and margin calls play out. The vix then has a good chance of squeezing, so I've made the appropriate moves. If the markets crash I'll get my vix squeeze too.

Quote from: Thin Lizzy on March 14, 2022, 10:32:38 AM
The Bitcoin ETF is down almost 50% since it first opened. Sorry, that’s more than a correction.

Bitcoin has dropped 50% during a bull market several times. 70% to 90% drops are when it's safer to say it's more than a correction and even then, not always.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on March 14, 2022, 10:43:55 PM
Yeah, I’d call Tesla a tech company as well.

The thing is that tech at this point is by far the biggest sector. Hard to see it tanking this hard and not dragging the rest of the market with it.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 23, 2022, 08:48:27 PM
Volatility move ahead.

Stoch rsi tapped out for days which generally means a volatility direction will be down.

Crypto And sharemarket rallied right back to resistance levels but didn’t get over.

I don’t think this is ‘the dump’ but i assume it’s a downward move that takes up back to range low.

Historically capitulation has happened from range lows. We have approx 3 weeks until it will be 1yr since the April peak which historically is the capitulation mark assuming it’s going to be from April.

0.5% rate rise in May and 0.5% rate rise in June is now the assumption. Markets have not priced in either rate rise despite what people say.

Nancy Pelosi just executed 1.25M of call option on Tesla. Made 1.25M if she sells them which is the assumption. She had a strike rate of $500 so its
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on March 23, 2022, 09:23:43 PM
Quote from: Mayday on March 23, 2022, 08:48:27 PM
Volatility move ahead.

Historically capitulation has happened from range lows. We have approx 3 weeks until it will be 1yr since the April peak which historically is the capitulation mark assuming it’s going to be from April.

Curious to see what April brings. Not really getting much of a temperature on the market in any direction.

I think we're on the verge of a new financial system. Something is coming, you can almost feel it beneath the surface, and it looks to be drastic.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on March 24, 2022, 12:53:03 AM
Where's gib gone? Won't see him until 2025?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on March 24, 2022, 02:26:30 AM
Quote from: OneMoreRep on March 23, 2022, 09:23:43 PM
Curious to see what April brings. Not really getting much of a temperature on the market in any direction.

I think we're on the verge of a new financial system. Something is coming, you can almost feel it beneath the surface, and it looks to be drastic.

"1"
Fed Coin?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 24, 2022, 03:04:15 AM
Quote from: OneMoreRep on March 23, 2022, 09:23:43 PM
Curious to see what April brings. Not really getting much of a temperature on the market in any direction.

I think we're on the verge of a new financial system. Something is coming, you can almost feel it beneath the surface, and it looks to be drastic.

"1"


No need for anything just yet.

The most transacted crypto outside the US are USD stablecoins. Crypto in it's current form helps keep USD as the worlds reserve currency.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on March 24, 2022, 03:07:23 AM
Quote from: OneMoreRep on March 23, 2022, 09:23:43 PM
Curious to see what April brings. Not really getting much of a temperature on the market in any direction.

I think we're on the verge of a new financial system. Something is coming, you can almost feel it beneath the surface, and it looks to be drastic.

"1"

Facebook made a high in September went into a channel 10-15% below that high then tanked on earnings. I’m seeing that same setup in other mega cap tech stocks.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on March 24, 2022, 03:08:42 AM
🤔
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on March 24, 2022, 06:40:12 AM
Quote from: Humble Narcissist on March 24, 2022, 02:26:30 AM
Fed Coin?

That's coming. Following Biden's executive order on cryptos, it's clear Central Bank Digital Currencies are a priority. MIT is working with the Federal Reserve, so time will tell what they decide upon and if ANY of the current crypto companies have a role in the Fed's plans.

Quote from: Flexacon on March 24, 2022, 03:04:15 AM

No need for anything just yet.

The most transacted crypto outside the US are USD stablecoins. Crypto in it's current form helps keep USD as the worlds reserve currency.

From a world view, something is happening. With various countries (Russia, China, India) turning on the USA and NATO, it's making a financial shift a real possibility. Granted, I don't know when, but I do believe it's soon.

Quote from: Thin Lizzy on March 24, 2022, 03:07:23 AM
Facebook made a high in September went into a channel 10-15% below that high then tanked on earnings. I’m seeing that same setup in other mega cap tech stocks.

I saw the same and I'm wondering who's next to take the nosedive.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on March 24, 2022, 06:46:02 AM
Quote from: OneMoreRep on March 24, 2022, 06:40:12 AM
That's coming. Following Biden's executive order on cryptos, it's clear Central Bank Digital Currencies are a priority. MIT is working with the Federal Reserve, so time will tell what they decide upon and if ANY of the current crypto companies have a role in the Fed's plans.

From a world view, something is happening. With various countries (Russia, China, India) turning on the USA and NATO, it's making a financial shift a real possibility. Granted, I don't know when, but I do believe it's soon.

I saw the same and I'm wondering who's next to take the nosedive.

"1"

I’d bet eventually Amazon. It’s still got about a 45 PE. Apple’s is less than 30.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on March 24, 2022, 06:55:15 AM
Quote from: Thin Lizzy on March 24, 2022, 06:46:02 AM
I’d bet eventually Amazon. It’s still got about a 45 PE. Apple’s is less than 30.

Amazon has certainly been overprice/overvalued for quite some time. It's P/E ratios have historically been astronomically high. As inflation continues to worsen, I think it will reveal itself. Hard to sell so much shit when you have a disruption in supply chain, scarcity of products and high price tags.

Still, I think it's a good company, much like Walmart in many respects, but its PE isn't lying.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: GymnJuice on March 24, 2022, 09:33:54 AM
I do not own any bitcoin but was thinking of dipping my toe into the market as a hedge against inflation. Is there any utility in owning something like Grayscale or is that a waste of time?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 25, 2022, 01:59:54 PM
This BTC rally could be on it’s last legs. On chain has seen large spot selling but large buying on derivatives. That’s a setup for a cascade down.

Dominance for the 2 previous rallies have the same top look as this one and both had days before a downtrend in BTC price.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on March 25, 2022, 02:06:37 PM
Quote from: Mayday on March 25, 2022, 01:59:54 PM
This BTC rally could be on it’s last legs. On chain has seen large spot selling but large buying on derivatives. That’s a setup for a cascade down.

Dominance for the 2 previous rallies have the same top look as this one and both had days before a downtrend in BTC price.

I'm starting to lean more on cryptos that can facilitate liquidity for CBDCs and interoperability of ledgers.

Do you have any interest in this paradigm? Any cryptos you're watching (goes for everyone)?

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 25, 2022, 02:29:14 PM
Quote from: OneMoreRep on March 25, 2022, 02:06:37 PM
I'm starting to lean more on cryptos that can facilitate liquidity for CBDCs and interoperability of ledgers.

Do you have any interest in this paradigm? Any cryptos you're watching (goes for everyone)?

"1"

I am sticking to my own strategy which won’t be for everyone.

My assumption is it’s all pretty much nothing but memes. All of it. Forget usage (BTC has none). Forget Defi (ETH can’t scale). However we are in meme life right now. Young kids buy cryptos. Young kids love memes, they yolo because their friends yolo, they follow trends.

I hold HEX which is staked. I YOLO’d hard into the Pulsex sacrifice ICO. I have a remaining sizeable USDT which half is buying Pulsechain at launch and half is buying Pulsechain at the first dip. I get free PHEX to match my HEX so that was a nice incentive to buy HeX to begin with.

Basically I am buying to the community meme and this is the first with multiple coins that all function together. A number of YouTube influencers are all involved but they are not saying anything right now —> classic get in early then shill the fuck out of it.

I always maintained the only thing that mattered was the bottom or launch of a crypto. This has some serious players involved aswell, wallets that hold billions in BTC and ETH. Fuck it, follow the rich people.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 25, 2022, 02:40:02 PM
Quote from: OneMoreRep on March 25, 2022, 02:06:37 PM
I'm starting to lean more on cryptos that can facilitate liquidity for CBDCs and interoperability of ledgers.

Do you have any interest in this paradigm? Any cryptos you're watching (goes for everyone)?

"1"

Ripple and Wells Fargo Collaborating on SWIFT Replacement

https://cryptosnewss.com/ripple-partner-and-wells-fargo-collaborating-on-swift-replacement/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 25, 2022, 02:54:01 PM
Quote from: Mayday on March 25, 2022, 02:29:14 PM
I am sticking to my own strategy which won’t be for everyone.

My assumption is it’s all pretty much nothing but memes. All of it. Forget usage (BTC has none). Forget Defi (ETH can’t scale). However we are in meme life right now. Young kids buy cryptos. Young kids love memes, they yolo because their friends yolo, they follow trends.


People gave up on BTC and ETH in Dec 2018 for valid reasons, but those who could see the potential still in it made a lot of money.

Things are completely different now. We are in the home straight. ETH has already scaled via layer 2s and actual products and market places are already in beta testing. Only way anyone loses now on ETH is if it somehow trips up over itself.

BTC is doing BTC things, even I have nothing negative to say about it.

Luna buying $10 billion worth of BTC and ETH merge around corner. You don't need to be bullish, just don't let the market scare or bore you out of it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 25, 2022, 04:47:23 PM
Quote from: Flexacon on March 25, 2022, 02:54:01 PM
People gave up on BTC and ETH in Dec 2018 for valid reasons, but those who could see the potential still in it made a lot of money.

Things are completely different now. We are in the home straight. ETH has already scaled via layer 2s and actual products and market places are already in beta testing. Only way anyone loses now on ETH is if it somehow trips up over itself.

BTC is doing BTC things, even I have nothing negative to say about it.

Luna buying $10 billion worth of BTC and ETH merge around corner. You don't need to be bullish, just don't let the market scare or bore you out of it.

Crypto has a green light from the US and EU so it’s golden now, I agree.

Time wise, Deflation/inflation waves have us tightening right now which means I am waiting.

I am positioned very well at the moment so I’m good. I still think the market is going to utterly wreck people both crypto and the sharemarket because people are today thinking they are front running the next inflationary wave when reality is we have not yet had the deflationary wave hit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: jude2 on March 25, 2022, 05:20:49 PM
What do you guys think of Ethereum classic.  It is going up lately $48 now.   I am stuck in it for $120. Do you think it has room to run? I want to get out and stick with Ethereum.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Notomorrow on March 26, 2022, 09:22:01 AM
     Bitcoin price range is stabilizing. It seems $38-$42,000 is getting pretty close to stable. Once there is stability, it could theoretically switch from wild speculation to legitimate investors getting involved.

     I just saw today how it can be useful as I made a purchase with PayPal credit(no interest if paid off in 6 months), which I was instantly approved for, but then realized to pay it off you are forced to link your bank account. You can't pay with your debit card or other means. The system wants those linked bank accounts so they have you. I had to call and they "allowed" me to send a physical check for payments via snail mail. You see what they're doing?

     The system wants your Google account, bank account, credit cards, and ALL your money linked together with autopay "for your convenience". Then they've GOT you. They can just take your money, no need to ask anymore. The DMV will link in, IRS will link in, and then fees can't be disputed. You can't go anywhere else.

One world finance. .

Bitcoin avoids that. Bitcoin(or other crypto) is currently one of the few financial escape plans for that scenario.

Still Gossip and Opinion, but 2022 could be a big year for Bitcoin. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 26, 2022, 02:49:27 PM
Quote from: Notomorrow on March 26, 2022, 09:22:01 AM
     Bitcoin price range is stabilizing. It seems $38-$42,000 is getting pretty close to stable. Once there is stability, it could theoretically switch from wild speculation to legitimate investors getting involved.

Still Gossip and Opinion, but 2022 could be a big year for Bitcoin.

I'd argue that's already happened. Billionaires like Jamie Dimon (JPMorgan) Ken Griffin (Citadel) Ray Dalio (Bridgewater) were either lukewarm or outright shit talked bitcoin and crypto for years. They are now talking it up so you can bet they already have exposure to it.

It's also now political suicide to be anti crypto.

Stability wise I don't think we're there yet. 50% swings will still be pretty common.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 26, 2022, 03:26:08 PM
Quote from: Flexacon on March 25, 2022, 02:54:01 PM
People gave up on BTC and ETH in Dec 2018 for valid reasons, but those who could see the potential still in it made a lot of money.

Things are completely different now. We are in the home straight. ETH has already scaled via layer 2s and actual products and market places are already in beta testing. Only way anyone loses now on ETH is if it somehow trips up over itself.

BTC is doing BTC things, even I have nothing negative to say about it.

Luna buying $10 billion worth of BTC and ETH merge around corner. You don't need to be bullish, just don't let the market scare or bore you out of it.

Benjamin Cowen obviously reads my getbig posts

https://twitter.com/intocryptoverse/status/1507818464832114693

Benjamin Cowen
@intocryptoverse
#Bitcoin is doing #Bitcoin things
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 26, 2022, 07:53:00 PM
Quote from: Flexacon on March 26, 2022, 02:49:27 PM

Stability wise I don't think we're there yet. 50% swings will still be pretty common.

50% from 45k gets us to 22.5k if capitulation is on the cards in the near term. Grayscale still at -25% premium so all these big buyers are not buying more than the spot market.

There has been no strength behind this current rally compared to the previous one. Volatility move not yet printed so it’s still waiting in the wind.

The June bottoming had 3 touches to the downside and then up. This time we have 3 touches to the upside and then…….

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on March 27, 2022, 12:40:14 AM
I bet stocks open in the green monday with this rise in BTC price over the weekend. We are risk-on right now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 27, 2022, 05:18:32 AM
Quote from: Mayday on March 26, 2022, 07:53:00 PM
50% from 45k gets us to 22.5k if capitulation is on the cards in the near term. Grayscale still at -25% premium so all these big buyers are not buying more than the spot market.

There has been no strength behind this current rally compared to the previous one. Volatility move not yet printed so it’s still waiting in the wind.

The June bottoming had 3 touches to the downside and then up. This time we have 3 touches to the upside and then…….

There is $10 billion buy pressure coming in and long term holders (12 month plus) are the majority and close to ATHs. Big buys are incoming and no one is selling.

Under those circumstances sending it down 50% from 44K seems very difficult, even sending it down 25% to 33k doesn't look easy. The dips already been bought.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 28, 2022, 02:28:22 AM
Quote from: Flexacon on March 27, 2022, 05:18:32 AM
There is $10 billion buy pressure coming in and long term holders (12 month plus) are the majority and close to ATHs. Big buys are incoming and no one is selling.

Under those circumstances sending it down 50% from 44K seems very difficult, even sending it down 25% to 33k doesn't look easy. The dips already been bought.

The pumps aren’t the problem it’s the shitty market structure.

Check the downtrend on the BTC pumps. This current one barely registers. BTC pumps and everyone buys alts assuming someone else is buying BTC to pump their bags. That sucks.

I’d feel much happier to see BTC at 47% or higher dominance to show it has support given it controls the entire market.

There is a bull case for 70k on this pump so let’s see. My HEX would love a juicy pump.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on March 28, 2022, 03:33:17 AM
Quote from: Mayday on March 28, 2022, 02:28:22 AM
The pumps aren’t the problem it’s the shitty market structure.

Check the downtrend on the BTC pumps. This current one barely registers. BTC pumps and everyone buys alts assuming someone else is buying BTC to pump their bags. That sucks.

I’d feel much happier to see BTC at 47% or higher dominance to show it has support given it controls the entire market.

There is a bull case for 70k on this pump so let’s see. My HEX would love a juicy pump.

What do you make of Asia (Japan and China) easing at a time when the Fed is tightening or at least talking about it?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 28, 2022, 07:55:52 AM
Quote from: Mayday on March 28, 2022, 02:28:22 AM
The pumps aren’t the problem it’s the shitty market structure.

Check the downtrend on the BTC pumps. This current one barely registers. BTC pumps and everyone buys alts assuming someone else is buying BTC to pump their bags. That sucks.

I’d feel much happier to see BTC at 47% or higher dominance to show it has support given it controls the entire market.

There is a bull case for 70k on this pump so let’s see. My HEX would love a juicy pump.

By the time all indicators line up and it looks like the ideal time to buy, you'll get a small run at best and then it dumps

You know all is. Bell curves, retards etc

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 28, 2022, 10:21:25 AM
Quote from: Thin Lizzy on March 28, 2022, 03:33:17 AM
What do you make of Asia (Japan and China) easing at a time when the Fed is tightening or at least talking about it?

China generally does inverse of US. The problem for China is rising energy prices and rising food prices both of which they can’t fix with printed money. The countries China relies on will one by one ban exports on agriculture, food, energy. That’s probably 6mths from now where we see food hit real hard.

An economy which can’t power or feed itself is not one to attract/keep foreign investment. The US will pull manufacturing back, just takes time.

From April there is supposed to be 3mb/day oil loss from Russia. OPEC is picking up only 0.4/day so roughly a 2.6% loss of global supply. Countries have oil inventory of which there were drawdowns in Jan and Feb, likely Mar aswell. It sounds like oil price will rip to 170+ then the US implements an oil export ban and uses domestic production to get domestic price back down to 100 or something like that.

You can kind of see why I believe it’s WW3.

Quote from: Flexacon on March 28, 2022, 07:55:52 AM
By the time all indicators line up and it looks like the ideal time to buy, you'll get a small run at best and then it dumps

You know all is. Bell curves, retards etc

I’m already multiple 6 figs positioned so it’s not like I’m fully sidelined But I’m not putting anything else in, that’s enough. I’m well positioned and zero stress.

The money supply has been flat for 4 months. This isn’t The bullrun environment we had late 2020 into 2021, This is the period before that which lasted 8mths. Until we see stimmy floodgates open it’ll simply be sideways chop with risk of mean reversion (currently 23k) and rug pulls.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on March 30, 2022, 04:23:17 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on March 31, 2022, 12:18:52 AM
Let's see what Jack Mallers has in store for Miami conference. Last year was El Salvador making btc legal tender and work is this year something to do with Apple pay incorporating lightning via strike.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 31, 2022, 01:35:32 AM
Quote from: Theoak* on March 31, 2022, 12:18:52 AM
Let's see what Jack Mallers has in store for Miami conference. Last year was El Salvador making btc legal tender and work is this year something to do with Apple pay incorporating lightning via strike.

BTC Miami conference June 2021 and 9 months later still below 65k. Loads of FOMO and big news and price still can’t get there because they nuked retail.

Lightning converts Out of BTC in order to do the transaction and it works with everything.

Latest run up we have a crypto buying BTC to pump the price. We have Saylor now using 200M leverage to buy more BTC.

Volatility event very close now. If it’s a leg up 52k - 58k range next stop. If it’s a leg down, there is enough derivatives to dump price to 28k again.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on March 31, 2022, 03:21:53 PM
Quote from: Mayday on March 31, 2022, 01:35:32 AM
BTC Miami conference June 2021 and 9 months later still below 65k. Loads of FOMO and big news and price still can’t get there because they nuked retail.

Lightning converts Out of BTC in order to do the transaction and it works with everything.

Latest run up we have a crypto buying BTC to pump the price. We have Saylor now using 200M leverage to buy more BTC.

Volatility event very close now. If it’s a leg up 52k - 58k range next stop. If it’s a leg down, there is enough derivatives to dump price to 28k again.

Price is inconsequential to me, this is more about adoption and framework being built on top of BTC. Price will follow eventually.

Retail makes up 30% of the holdings.  Institution are and will drive these prices much higher, It's a big moneys game and has been for awhile.

Having said that, I believe the bottom is in barring any black Swan event. Probability of dumping below 28k is low.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on March 31, 2022, 03:36:11 PM
Quote from: Flexacon on March 25, 2022, 02:54:01 PM


Luna buying $10 billion worth of BTC and ETH merge around corner. You don't need to be bullish, just don't let the market scare or bore you out of it.

 I think Terra's buys are ongoing over a long period of time and the 10 billion figure is an ultimate number based on projected demand for the stablecoin not a hard figure as it algorithmically-controlled buying to back the stablecoin not some guy pressing the buy button of a funny-money exchange like Coinbase.

Now I have to wonder how long until Tether or USDC go to a bitcoin-backed model? That would be bullish!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 01, 2022, 12:17:52 AM
Quote from: Theoak* on March 31, 2022, 03:21:53 PM
Price is inconsequential to me, this is more about adoption and framework being built on top of BTC. Price will follow eventually.

Retail makes up 30% of the holdings.  Institution are and will drive these prices much higher, It's a big moneys game and has been for awhile.

Having said that, I believe the bottom is in barring any black Swan event. Probability of dumping below 28k is low.

Institutions don’t bailout retail.

There is no black swan event.

The institutions have been selling spot and letting retail derivative degenerates 100x pump the price. The setup for a sub 30k liquidation cascade is already there. This is no different to any pump before, when derivatives take over it means price point is no longer sustainable and it’ll be liquidated back to spot buyers.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 01, 2022, 08:48:47 AM
Quote from: Theoak* on March 31, 2022, 03:36:11 PM
I think Terra's buys are ongoing over a long period of time and the 10 billion figure is an ultimate number based on projected demand for the stablecoin not a hard figure as it algorithmically-controlled buying to back the stablecoin not some guy pressing the buy button of a funny-money exchange like Coinbase.

Now I have to wonder how long until Tether or USDC go to a bitcoin-backed model? That would be bullish!

I don't know if I'd want every stablecoin doing this as that could introduce a single point of failure for crypto. Well it makes bitcoin even bigger point of failure than it already is.

Are algos doing the buying for Luna? Maybe, but they didn't buy yesterday. Price dropped and longs got rekt. I'd bet my house on it that they bought the dip today though. Do Kwon might pump us to a new ATH.

(https://pbs.twimg.com/media/FPQ_DQuXMAsFwB6?format=jpg&name=4096x4096)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on April 01, 2022, 03:46:04 PM
Quote from: Mayday on March 25, 2022, 02:29:14 PM
I am sticking to my own strategy which won’t be for everyone.

My assumption is it’s all pretty much nothing but memes. All of it. Forget usage (BTC has none). Forget Defi (ETH can’t scale). However we are in meme life right now. Young kids buy cryptos. Young kids love memes, they yolo because their friends yolo, they follow trends.

I hold HEX which is staked. I YOLO’d hard into the Pulsex sacrifice ICO. I have a remaining sizeable USDT which half is buying Pulsechain at launch and half is buying Pulsechain at the first dip. I get free PHEX to match my HEX so that was a nice incentive to buy HeX to begin with.

Basically I am buying to the community meme and this is the first with multiple coins that all function together. A number of YouTube influencers are all involved but they are not saying anything right now —> classic get in early then shill the fuck out of it.

I always maintained the only thing that mattered was the bottom or launch of a crypto. This has some serious players involved aswell, wallets that hold billions in BTC and ETH. Fuck it, follow the rich people.

Gigs up Mayday, we know who you are.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 07, 2022, 10:12:18 PM
Quote from: Theoak* on March 31, 2022, 12:18:52 AM
Let's see what Jack Mallers has in store for Miami conference. Last year was El Salvador making btc legal tender and work is this year something to do with Apple pay incorporating lightning via strike.

No Apple, but still pretty bullish for BTC. Don't think we'll see it reflected in the price though.

People are not appreciating that layer 2s are what will allow crypto and blockchains to replace traditional everything.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on April 08, 2022, 02:03:12 AM
Quote from: Flexacon on April 07, 2022, 10:12:18 PM
No Apple, but still pretty bullish for BTC. Don't think we'll see it reflected in the price though.

People are not appreciating that layer 2s are what will allow crypto and blockchains to replace traditional everything.



"Jack Mallers, CEO of Strike, announced at the Bitcoin 2022 Conference in Miami that his company has partnered with Shopify, NCR, and Blackhawk Network. These payment providers work with the majority of major U.S. companies like McDonald’s, Walmart, Walgreens, Home Depot, Best Buy, Chipotle, Starbucks, Whole Foods, and more.

Mallers shared a video of himself making purchases at a grocery store with three different payment methods. By using Zap, Cash App, and Muun Wallet to pay via QR code, Mallers demonstrates how the consumer is able to pay in any method they want through the Lightning network. This enables shoppers to pay with privacy and allows for merchants to save on the 3% fee charged by credit card processors.

With this announcement, Strike now offers a method for people in the U.S. to transact with their Bitcoin that does not require making Bitcoin legal tender. These partnerships allow users to pay for products and services with their Bitcoin over Lightning while the merchant accepts the payment in U.S. dollars. This makes filing taxes much more manageable for both the consumer and merchant."

I think this is actually a bigger deal than Apple, even though it's not reflected in the price as you mentioned. They're going after transaction fees and it will happen slowly then suddenly.

The layers 2s are going after a 400trillion network, it will be huge. What a time to be an investor  in this space. The price right now is trading at an extreme discount if you have a higher time preference.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on April 08, 2022, 10:03:03 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 09, 2022, 03:20:06 PM
Quote from: Theoak* on April 01, 2022, 03:46:04 PM
Gigs up Mayday, we know who you are.


LoL I love his cardboard notes.

All that matters is the reset but even then, $50 ain’t gunna cut it.

One single guy is currently the only large buyer of BtC and even he stopped because everyone started dumping on him LoL.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on April 11, 2022, 02:37:56 PM
Chinese Stock Market below Covid lows:

This is why the Fed has to tighten. Can’t count on China growth to offset the money printing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 11, 2022, 07:42:28 PM
Quote from: Thin Lizzy on April 11, 2022, 02:37:56 PM
Chinese Stock Market below Covid lows:

This is why the Fed has to tighten. Can’t count on China growth to offset the money printing.

Fed signalled today that CPI is looking catastrophic….. due to the ‘Putin price rise’….
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 24, 2022, 02:41:43 PM
Everyone seems to be looking out to November for a market bottom but I still think we see it now, earlier rather than later in May-June.

Look at the DXY and we’re now at 1.01, only an inch away from the 1.03 peaks in 2016 and 2020.

BTC Bottom price for a reset will be at whatever it will be at. However it’s essentially a come to Jesus moment for all BTC HoDLers who believe they are early.

For BTC watch the dominance when the price reset happens. This will tell you whether BTC is early or late. The higher the reset price, the lower the dominance = the later you are to BTC and the less future gains you will make.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on April 24, 2022, 04:16:52 PM
The history of forecasting has been very poor. The so-called experts talk a good game but don’t back it up. Better to just “Go with the flow.”




Abby Joseph Cohen: Economy to Rebound in 2008

https://www.cnbc.com/2007/12/04/abby-joseph-cohen-economy-to-rebound-in-2008.html

Abby Joseph Cohen, chief investment strategist at Goldman Sachs, says the U.S. economy will rebound in mid-2008, but the next few months will be bumpy.

In an interview with CNBC, Cohen explained why she remains bullish, how the recovery will look -- and what she foresees for the financial sector.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on April 24, 2022, 04:21:08 PM
The S&P ended the year at 900:





2008 predictions for the S&P 500 - ABC News

https://abcnews.go.com/Business/story?id=4073939&page=1


1625 is the prediction of Tom McManus, Banc of America Securities

1590 is the prediction from Thomas Lee, JPMorgan Chase; and Hugh Johnson, Johnson Illington Advisors

1580 is the prediction from Rod Smith, Wachovia Securities

1575 is the prediction from Stuart Freeman, A.G. Edwards


1525* is the prediction from Richard Bernstein, Merrill Lynch
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 25, 2022, 09:53:02 PM
And 14yrs later we have record highs…..

Time wise May-June likely the only rate hikes. Market bottom likely May-June. Stimmy flows by end of year.

Oil seems toasted (much earlier than people thought) which is a top signal before a sell off and a revert back into equities.

Whatever prices are after the rate rises is the bottom.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 26, 2022, 11:16:43 PM
‘Everything is priced in’…….
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on April 28, 2022, 02:28:32 PM
😉
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on April 28, 2022, 02:29:10 PM
😉
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 28, 2022, 07:43:40 PM
Quote from: Thin Lizzy on April 28, 2022, 02:29:10 PM
😉

Well picked.

Apple and Amazon now fkd after speaking about supply constraints causing misses. Market hasn’t priced that in yet or the rest of 2022-2023 impact eyes

Back in 2020 I had 2022 picked as year of the supply constraint. Hasn’t disappointed me yet. Just wait for year end….. oh Lordy Lordy……

Meanwhile DXY @ 1.0366 back at pandemic highs. We are either at the turning point OR we are about to see an imminent market dump in May and DXY to 1.10 before reversal.

I’m still sidelined and watching the next 2-3 weeks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 01, 2022, 05:32:29 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on May 01, 2022, 06:33:25 AM
The biggest Ponzi scheme in human history is down to its last breath. Plenty of virtual "millionaires" will be wiped out in the course of the next few months ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: sync pulse on May 01, 2022, 07:30:20 AM
Quote from: affeman on May 01, 2022, 06:33:25 AM
The biggest Ponzi scheme in human history is down to its last breath. Plenty of virtual "millionaires" will be wiped out in the course of the next few months ;D

As I understand it...Bitcoin derives it's value from the "Block Chain" process...A never ending process of computers running a program somewhere in the world...They call this "Mining"...What would happen to Bitcoin (and the money put into it) if after a time all the mining operations start to taper off and then stop altogether?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 01, 2022, 08:16:38 AM
Quote from: affeman on May 01, 2022, 06:33:25 AM
The biggest Ponzi scheme in human history is down to its last breath.

Fiat currency still has several more decades before it disappears.

Quote from: affeman on May 01, 2022, 06:33:25 AM
Plenty of virtual "millionaires" will be wiped out in the course of the next few months ;D

Plenty of gamblers will be wiped out in the course of the next few months, and that's precisely when plenty of future virtual millionaires will be created as they take advantage of sentiment as has happened numerous times already.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 01, 2022, 08:17:40 AM
Quote from: sync pulse on May 01, 2022, 07:30:20 AM
As I understand it...Bitcoin derives it's value from the "Block Chain" process...A never ending process of computers running a program somewhere in the world...They call this "Mining"...What would happen to Bitcoin (and the money put into it) if after a time all the mining operations start to taper off and then stop altogether?

That's already happened numerous times. Minors are only gonna mine if they deem it's profitable to sell the bitcoin they've mined. It's kinda a self fulfilling prophecy in that way.

It will eventually stop if all the 21 million bitcoin are mined, by which point bitcoin it will probably be be a ridiculous 7 figure dollar value largely thanks to the ever increasing cost to mine it. No guarantee this will happen, but given how far bitcoin has come it would be silly to dismiss it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 01, 2022, 10:10:55 PM
Quote from: Flexacon on May 01, 2022, 08:17:40 AM
That's already happened numerous times. Minors are only gonna mine if they deem it's profitable to sell the bitcoin they've mined. It's kinda a self fulfilling prophecy in that way.

It will eventually stop if all the 21 million bitcoin are mined, by which point bitcoin it will probably be be a ridiculous 7 figure dollar value largely thanks to the ever increasing cost to mine it. No guarantee this will happen, but given how far bitcoin has come it would be silly to dismiss it.
Miners, not Minors.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 03, 2022, 04:25:20 PM
Quote from: Flexacon on May 01, 2022, 08:17:40 AM
That's already happened numerous times. Minors are only gonna mine if they deem it's profitable to sell the bitcoin they've mined. It's kinda a self fulfilling prophecy in that way.

The spastics on social media don’t agree and are under the illusion that miners use mostly free energy and therefore won’t sell because there are no costs. The fuckwittery is getting to biblical levels.

Although something interesting is the decoupling of hash rate and price. usually price goes up and we see hash rate go up. Today we have hash rate at new ATH but price is -40% 🤔


Microstrategy also posted earnings…… let’s be real, he had board permission to source credit and is fine. They know full well he was going all out and there would have been an agreed sell strategy at certain price points along with a plan to drip feed selling BTC to service debt. All he needs to do is service debt.

124, 391 BTC @ $30,159 blended price. The guy is sitting comfortably for now and 30k is perfectly fine.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 03, 2022, 05:25:24 PM
Quote from: affeman on May 01, 2022, 06:33:25 AM
The biggest Ponzi scheme in human history is down to its last breath. Plenty of virtual "millionaires" will be wiped out in the course of the next few months ;D

I’m a trend guy who is agnostic about Crypto. No way you can come to any other conclusion other than that the current trend is down.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 03, 2022, 07:56:34 PM
Quote from: Thin Lizzy on May 03, 2022, 05:25:24 PM
I’m a trend guy who is agnostic about Crypto. No way you can come to any other conclusion other than that the current trend is down.

Word is the Fed is going to come in at 0.75% tomorrow…….

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: titusisback on May 03, 2022, 08:54:12 PM
Quote from: Flexacon on May 01, 2022, 08:17:40 AM
It will eventually stop if all the 21 million bitcoin are mined

Pretty hard to speculate what's going to happen around 2140

https://www.coindesk.com/learn/what-happens-when-all-bitcoin-are-mined/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 03, 2022, 11:01:26 PM
Quote from: Mayday on May 03, 2022, 04:25:20 PM
The spastics on social media don’t agree and are under the illusion that miners use mostly free energy and therefore won’t sell because there are no costs. The fuckwittery is getting to biblical levels.

Although something interesting is the decoupling of hash rate and price. usually price goes up and we see hash rate go up. Today we have hash rate at new ATH but price is -40% 🤔


Microstrategy also posted earnings…… let’s be real, he had board permission to source credit and is fine. They know full well he was going all out and there would have been an agreed sell strategy at certain price points along with a plan to drip feed selling BTC to service debt. All he needs to do is service debt.

124, 391 BTC @ $30,159 blended price. The guy is sitting comfortably for now and 30k is perfectly fine.


Microstrategy shares trading at a 26% discount compared to btc.

Not a bad arbitrage for you traders.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 04, 2022, 02:37:09 AM
Quote from: Thin Lizzy on May 03, 2022, 05:25:24 PM
I’m a trend guy who is agnostic about Crypto. No way you can come to any other conclusion other than that the current trend is down.
I'm staking most of my ETH and hodling all my other cryptos. Don't care if it goes down or up. I've already seen it crash down before in 2018/19. So I'll just keep my diamond hands as usual. Would rather hodl and see crypto go to zero than sell lower and see it go to the moon. That's just me.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on May 04, 2022, 03:18:32 AM
Quote from: affeman on May 01, 2022, 06:33:25 AM
The biggest Ponzi scheme in human history is down to its last breath. Plenty of virtual "millionaires" will be wiped out in the course of the next few months ;D

You people ought to be quiet. Just STFU. Plenty of money to be made.

Just STFU. You'll be doing the world a service.

Easy: STFU.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 04, 2022, 04:37:24 AM
Quote from: Theoak* on May 03, 2022, 11:01:26 PM

Microstrategy shares trading at a 26% discount compared to btc.

Not a bad arbitrage for you traders.

Larger size uses Grayscale Trust which has a discount around the same. Microstrategy has huge debt and leverage attached to it. Their margin call price was disclosed as 24k. If it doesn’t go sub 20k they won’t even break a sweat. They’ll be fine unless nukes are in the air by lunchtime.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 04, 2022, 05:10:07 AM
Quote from: Mayday on May 03, 2022, 07:56:34 PM
Word is the Fed is going to come in at 0.75% tomorrow…….

The big banks have been recording record trading profits. Of course, the media has no interest in knowing the actual trades. How did they make all this money in a down market🤔

My bet is that their main play has been to short Treasuries.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 04, 2022, 09:45:14 AM
Quote from: Mayday on May 03, 2022, 04:25:20 PM
The spastics on social media don’t agree and are under the illusion that miners use mostly free energy and therefore won’t sell because there are no costs. The fuckwittery is getting to biblical levels.

Although something interesting is the decoupling of hash rate and price. usually price goes up and we see hash rate go up. Today we have hash rate at new ATH but price is -40% 🤔


Microstrategy also posted earnings…… let’s be real, he had board permission to source credit and is fine. They know full well he was going all out and there would have been an agreed sell strategy at certain price points along with a plan to drip feed selling BTC to service debt. All he needs to do is service debt.

124, 391 BTC @ $30,159 blended price. The guy is sitting comfortably for now and 30k is perfectly fine.

My guess is that a lot of the new mining set ups have their primary operation (producing electricity, oil extraction etc) so don't need to rely on selling mined bitcoin to keep the lights on. They can hodl and wait for a better price if they want.

Add to that energy providers and the oil industry are seeing huge profits because of what's going on with Russia. They might be better off deferring the selling of their mined bitcoin and hold it as unrealized profits.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 04, 2022, 09:49:20 AM
Quote from: Thin Lizzy on May 03, 2022, 05:25:24 PM
I’m a trend guy who is agnostic about Crypto. No way you can come to any other conclusion other than that the current trend is down.

The current trend is down, but bitcoin is not the whole crypto market. Some crypto (the vast majority) have done worse over the past year, but there are still quite a few that are up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 05, 2022, 11:14:12 AM
Fed fueled rallies are typically short lived but this one didn’t even last a day:
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 05, 2022, 11:17:14 AM
This is shaping up as dot com bust 2.0:

Another tech darling bites the dust:


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 05, 2022, 11:17:54 AM
👎
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on May 05, 2022, 11:49:45 AM
The biggest Ponzi scheme in human history is down to its last breath. Plenty of virtual "millionaires" will be wiped out in the course of the next few months ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on May 05, 2022, 12:21:10 PM
Quote from: Thin Lizzy on May 05, 2022, 11:17:14 AM
This is shaping up as dot com bust 2.0:

Another tech darling bites the dust:


shopify is bleeding money because adspend on social media for small biz is no longer profitable since the IOS 14.5 update last year imo
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 05, 2022, 01:26:38 PM
Quote from: TheGrinch on May 05, 2022, 12:21:10 PM

shopify is bleeding money because adspend on social media for small biz is no longer profitable since the IOS 14.5 update last year imo

They all have an excuse. Zillow blamed its algorithms.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on May 05, 2022, 02:06:12 PM
Where's our resident whale Gib?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 05, 2022, 06:16:10 PM
Quote from: Thin Lizzy on May 05, 2022, 01:26:38 PM
They all have an excuse. Zillow blamed its algorithms.

Excuse is accurate, because a few tech/ecommerce/online marketplace stocks dumped even on good news.

Most have given up their pandemic gains and some are even trading lower than they did pre pandemic and pre money printing.

This isn't dot.com 2.0 though because these are companies that actually do something and are or were building to be viable businesses. Crypto crashing and taking everything down with it would be dot.com 2.0, but it still shows surprising strength over that the last 26 months. These are definitely strange times.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 05, 2022, 06:17:33 PM
Waiting for the Crypto market to truly hit rock bottom and then will venture into Quant/$QNT big time.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 05, 2022, 08:16:51 PM
BTC drops to 36.5k and BTC dominance drops…….

Alt coins gunna get a major rugging real soon with such high levels of spasticity in the market.

I’m only interested in the reset, Low target BTC 28.5k and see what happens. Mid May 👀
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 06, 2022, 09:34:54 AM
Quote from: Flexacon on May 05, 2022, 06:16:10 PM
Excuse is accurate, because a few tech/ecommerce/online marketplace stocks dumped even on good news.

Most have given up their pandemic gains and some are even trading lower than they did pre pandemic and pre money printing.

This isn't dot.com 2.0 though because these are companies that actually do something and are or were building to be viable businesses. Crypto crashing and taking everything down with it would be dot.com 2.0, but it still shows surprising strength over that the last 26 months. These are definitely strange times.

It seems like what happened is that a lot of the newly created money went into the tech sector and all of the stocks are now over valued. Sure there are real companies that do real things but I suspect they’re all going to take some serious further hits before this is done.

If Google were to fall another 33% it would still be a TRILLION dollar company.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 06, 2022, 09:51:29 AM
I’d say this is a pretty solid piece of evidence that we’re headed for a bumpy ride:

Food and electricity holding up well.

New houses and shit you don’t need doing badly:


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 07, 2022, 08:34:24 PM
Quote from: Thin Lizzy on May 06, 2022, 09:51:29 AM
I’d say this is a pretty solid piece of evidence that we’re headed for a bumpy ride:

Food and electricity holding up well.

New houses and shit you don’t need doing badly:

The wind down movement started in December 2021 pretty much but the supply/demand data now is suggesting it’s close to a bottom. DXY is also back at highs without a policy shift in spending so I’d assume at this point the odds are a further sell off happens.

Wants that you want are thin on inventory. We’ll be utterly fucked by Christmas.

As for BTC…..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 08, 2022, 06:19:42 PM
You see, 33.8k and BTC dominance at lows is a big problem mmmmkay.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 09, 2022, 10:54:17 AM
Shit is indeed hitting the fan! Can't even start averaging down yet as gbp is so weak right now.

Vix doing me a solid though
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 09, 2022, 11:35:35 AM
I’ll stand behind this statement:


Quote from: Thin Lizzy on March 14, 2022, 06:52:07 AM
Looks like traders and hedge funds piled into oil and got worked. They deserve it. It’s a stupid strategy to try to chase returns at a time like this. Instead of thinking about how to make money your top priority should be how to not lose it. Cash is the place to be.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 09, 2022, 11:44:07 AM
Amazon continuing the trend of companies getting hit on earnings and continuing to tank afterwards:
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 09, 2022, 12:49:57 PM
BTC 30.8k but dominance barely moved at 41.8%. BTCETH also barely moved at 0.073.

The sell off looks pretty savage on the 4hr.

Waiting for 28.8k target which is previous bottom.

Capitulation move in full is generally -50%. This started from 38k which gives us a target of 19k.

ETHBtC needs to sell off to 0.055 then rug pull to 0.03

 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 09, 2022, 02:03:32 PM
Quote from: Mayday on May 09, 2022, 12:49:57 PM
BTC 30.8k but dominance barely moved at 41.8%. BTCETH also barely moved at 0.073.

The sell off looks pretty savage on the 4hr.

Waiting for 28.8k target which is previous bottom.

Capitulation move in full is generally -50%. This started from 38k which gives us a target of 19k.

ETHBtC needs to sell off to 0.055 then rug pull to 0.03
ETH circulating supply is around 120 million
BTC circulating supply is around 19 million

There's 6.3 times more ETH in supply than Bitcoin

1/6.3 = 0.16 rounded off

0.073 ETH is undervalued against BTC in my opinion. To be honest ETH should be at $5,000 right now if only the supply of ETH vs BTC is looked at. ETH has other benefits like staking which provides incentives to hold. The ETH merge narrative, all the use cases, network effect, the potential deflation in the horizon, and the reduced energy consumption in the switch to POS.

Interesting that ZEC has the same max supply cap as BTC at 21 million.

I personally hold zero BTC. It's not interesting to me. Dorsey claims ETH is not interesting to him because it has many single points of failure. First he never really gave examples. BTC's weakness to me is the high energy consumption and the question about what will secure the network once the last bit of BTC has been mined. As a store of value the slow transaction speed is not an issue with BTC IMO.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on May 09, 2022, 02:18:12 PM
Why are people shocked that crypto and stocks are down? Guess what? People aren’t getting free money. No more extra $2400 a month for a lazy ass unemployed blob.   No more billions given out fraudulently to who knows.   The country was fleeced for trillions and a lot of people were throwing money at crypto and stocks creating huge inflated numbers.   Now they’re coming back to earth since people aren’t flush with free cash anymore.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 09, 2022, 02:23:03 PM
Quote from: El Diablo Blanco on May 09, 2022, 02:18:12 PM
Why are people shocked that crypto and stocks are down? Guess what? People aren’t getting free money. No more extra $2400 a month for a lazy ass unemployed blob.   No more billions given out fraudulently to who knows.   The country was fleeced for trillions and a lot of people were throwing money at crypto and stocks creating huge inflated numbers.   Now they’re coming back to earth since people aren’t flush with free cash anymore.
Nobody is shocked. Literally everyone is screaming the sky is falling. I don't care. I am holding my crypto bags down to zero if need be. Some of my crypto is staked and locked up.

I'll buy more if cryptos crash down a lot. Need to get some cash ready for that.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Vince G, CSN MFT on May 09, 2022, 02:33:01 PM
Quote from: Red Hook on November 03, 2015, 06:38:15 PM
where is venom vodoo vince to explain all of this "finance" stuff to us?
.
Just wanted to remind you guys making fun of me back then
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 09, 2022, 06:18:28 PM
Quote from: obsidian on May 09, 2022, 02:03:32 PM
ETH circulating supply is around 120 million
BTC circulating supply is around 19 million

There's 6.3 times more ETH in supply than Bitcoin

1/6.3 = 0.16 rounded off

0.073 ETH is undervalued against BTC in my opinion. To be honest ETH should be at $5,000 right now if only the supply of ETH vs BTC is looked at. ETH has other benefits like staking which provides incentives to hold. The ETH merge narrative, all the use cases, network effect, the potential deflation in the horizon, and the reduced energy consumption in the switch to POS.

Interesting that ZEC has the same max supply cap as BTC at 21 million.

I personally hold zero BTC. It's not interesting to me. Dorsey claims ETH is not interesting to him because it has many single points of failure. First he never really gave examples. BTC's weakness to me is the high energy consumption and the question about what will secure the network once the last bit of BTC has been mined. As a store of value the slow transaction speed is not an issue with BTC IMO.

World requires 160000TW energyper year to run. Total btc network runs off 200TW per year

USA alone runs off 10000TW per year, 6000 of that is wasted.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 09, 2022, 07:37:58 PM
Yeah I think BTC will win the energy FUD battle (still rather hold ETH and just bought more)

The internet in the 90s had the same energy FUD about it too.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 09, 2022, 11:04:38 PM
Quote from: obsidian on May 09, 2022, 02:03:32 PM
ETH circulating supply is around 120 million
BTC circulating supply is around 19 million

There's 6.3 times more ETH in supply than Bitcoin

1/6.3 = 0.16 rounded off

0.073 ETH is undervalued against BTC in my opinion. To be honest ETH should be at $5,000 right now if only the supply of ETH vs BTC is looked at. ETH has other benefits like staking which provides incentives to hold. The ETH merge narrative, all the use cases, network effect, the potential deflation in the horizon, and the reduced energy consumption in the switch to POS.

Interesting that ZEC has the same max supply cap as BTC at 21 million.

Pricing is belief first THEN supply/demand based.

Funny that I got slammed on Twitter for daring to disagree with that PlanB guy when I argued on chain won’t work because the value is derived from belief first and not supply/demand determined.

Now we have less coins on exchanges as peak yet price is 60% down…. Some dude even gave me the ‘I’m a scientist so I just follow the data and it clearly says BTC supply shortage’…..

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 10, 2022, 02:29:50 AM
Quote from: Mayday on May 09, 2022, 11:04:38 PM
Pricing is belief first THEN supply/demand based.

Funny that I got slammed on Twitter for daring to disagree with that PlanB guy when I argued on chain won’t work because the value is derived from belief first and not supply/demand determined.

Now we have less coins on exchanges as peak yet price is 60% down…. Some dude even gave me the ‘I’m a scientist so I just follow the data and it clearly says BTC supply shortage’…..
Raoul Pal looks at the network effect and how many people are using it and thinks there is a direct correlation between the network effect and the value of an asset. I think he is on to something. There's a lot more activity on Ethereum than Bitcoin. I get it Bitcoin is a store of value and not trying to do all these fancy things. Well I guess the likes of Dorsey are trying to do DEFI with Bitcoin. I still maintain 1 ETH should at the very least be 1/6th the value of BTC. And if the supply of ETH shrinks than even more.

https://www.tesmanian.com/blogs/tesmanian-blog/jack-dorsey-to-launch-a-defi-product-on-bitcoin-after-changes-for-smart-contracts-in-taproot-update-was-presented
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 10, 2022, 02:35:50 AM
Quote from: Theoak* on May 09, 2022, 06:18:28 PM
World requires 160000TW energyper year to run. Total btc network runs off 200TW per year

USA alone runs off 10000TW per year, 6000 of that is wasted.
That 200 TW per year is only going to increase. All this power that is wasted - is Bitcoin mining tapping into that? Or tapping into sources where there is a scarcity of power? Also peak demand varies depending on the time of day. A certain segment of the world will need more power during the day when cooling is needed or most people are awake. So Bitcoin mining might use wasted energy in the evening and in the daytime stress the grid.

But what's a better narrative? A Proof of Stake layer 1 that uses a fraction of the energy or a Proof of Work layer 1 like Bitcoin that requires a lot of constant power draw to sustain the network? It remains to be seen how secure POS vs POW is. There are proponents on both sides of the argument.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 10, 2022, 03:59:15 AM
Quote from: obsidian on May 10, 2022, 02:35:50 AM
That 200 TW per year is only going to increase. All this power that is wasted - is Bitcoin mining tapping into that? Or tapping into sources where there is a scarcity of power? Also peak demand varies depending on the time of day. A certain segment of the world will need more power during the day when cooling is needed or most people are awake. So Bitcoin mining might use wasted energy in the evening and in the daytime stress the grid.

But what's a better narrative? A Proof of Stake layer 1 that uses a fraction of the energy or a Proof of Work layer 1 like Bitcoin that requires a lot of constant power draw to sustain the network? It remains to be seen how secure POS vs POW is. There are proponents on both sides of the argument.


If you're going to disrupt the legacy system be prepared for them to come after you. Remember email first came out. US government and postmaster general said the most effecient and secure  way to send information was via US mail not email. Email needs servers that requires lots of energy and is going to destroy the planet. They actually went to court wanting to stop emails because  per email burnt 10pounds of coal! They wanted to implement an email stamp tax!

Same thing with the internet, those who had a monopoly on information used the same excuse, requires servers too much energy every 5 megabytes of information burned a pound of coal. They tried to shut off the internet and email using falsified energy argument.


So you  basically have btc running on 200tw hours of energy compared to global energy consumption of 160,000tw hours. BTC uses .00018%. It's a rounding error, see what they're doing?  So saying btc uses more energy than a small country is a marketing ploy and outright lie. WEF said in 2017 that by 2020 btc will consume all the world's energy....not a lot, literally said all the world's energy. It's horseshit scaremongering.

Unlike traditional legacy systems which you  cant turn off the grid without severe ramifications, they all have fail safes , generators and all sorts of stuff so they don't go off-line. Bitcoin miners don't care if they go off-line, they have what you call a "flexible load" . If there is an emergency you can shut them off first. They can give power back to the grid which means bitcoin miners are the first line of defence. So having a bitcoin mining facility makes your grid stronger than any other because the bitcoin miners will be first to turn off. Then flick a switch and turn right  back on within several minutes without  a hiccup or damage to equipment.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 10, 2022, 04:40:16 AM
Quote from: obsidian on May 10, 2022, 02:29:50 AM
Raoul Pal looks at the network effect and how many people are using it and thinks there is a direct correlation between the network effect and the value of an asset. I think he is on to something. There's a lot more activity on Ethereum than Bitcoin. I get it Bitcoin is a store of value and not trying to do all these fancy things. Well I guess the likes of Dorsey are trying to do DEFI with Bitcoin. I still maintain 1 ETH should at the very least be 1/6th the value of BTC. And if the supply of ETH shrinks than even more.

https://www.tesmanian.com/blogs/tesmanian-blog/jack-dorsey-to-launch-a-defi-product-on-bitcoin-after-changes-for-smart-contracts-in-taproot-update-was-presented

I like Raoul a lot on his economic stuff but he really fucks around on crypto whether on purpose or not I’m not sure.

The network stopped growing back in March 2021 but does he say anything? Not really. All of these narratives work until they don’t.

I like ETH more than BTC. It’s ts looking more like BTC is tapping out and everyone is late, not early. The BTC dominance got crushed this last run and will happen next run meaning less headroom for BTC. Also means less retail FOMO on BTC and more on alts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 10, 2022, 05:11:06 AM
Cash is the place to be. Has been since the start of the year and will be the case until there’s a shift in the trend.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 10, 2022, 05:12:14 AM
Then again, you can buy some Peloton. It on sale, right?😂😂
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 10, 2022, 05:13:23 AM
😂
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 10, 2022, 05:36:37 AM
For the new guys that aren't finance savvy, much of this drop in the markets and crypto ecosystem is due to numerous hedge funds having to liquidate. This in turns causes sell offs which are driving prices down aggressively.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on May 10, 2022, 06:27:02 AM
Do you guys think the tactic for the average Joe of holding your money in an index fund changes in this kind of a market?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 10, 2022, 06:40:48 AM
Quote from: a_pupil on May 10, 2022, 06:27:02 AM
Do you guys think the tactic for the average Joe of holding your money in an index fund changes in this kind of a market?

I don't think so.

This particular period in time will seem grim for some people, but short of you being of retirement age and having to collect distributions on your pensions or needing to cash out your index funds, you should be ok if you wait it out and continue to dollar cost average in. I wouldn't go crazy buying shit on discount, because it's hard (almost impossible) to determine what the bottom will be. Dollar cost averaging should allow you to benefit during these times without losing too much money.

These things happen every so often and we've seen them occur under different disguises. The key to remember is that we saw similar in 1999, 2001, 2008 and 2020 and then we turned the corner and recovered.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 10, 2022, 01:23:59 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 10, 2022, 04:12:46 PM
Quote from: Thin Lizzy on May 10, 2022, 05:11:06 AM
Cash is the place to be. Has been since the start of the year and will be the case until there’s a shift in the trend.

Made an FX play start of year and parked my Ozzie pesos in USD waiting for the sell off to cause the DXY to rise. Up 5.4%. Hooray for me.

I wouldn’t be sure about some of these stocks that took a hit getting a leg up in the next run. The big names, sure. So Amazon, Google, Meta etc they’ll all let up because who else you gunna buy?

BTC suckering in people left right and centre. 30k then up almost 10% then straight back down in the one day. Crazy shit.

The clip with Raoul Pal came out while in air UST depegged because of Luna. This is what I mean about him fucking around with crypto and now, his bad calls are on purpose because he knew all the details and then some…. After the fact. He says oh yeah they liquidated 500M and someone else is liquidating 500M Bitcoin and LFG has 1B then goes onto say how good the idea of a stable coin pegged digitally was and he hope it survives this test……

his fucking business partner is one of the decision makes for Luna lol. There was no debt. There wasn’t any margin calls, they decided to dump everything and take the 500M cash lol. He Hope’s it survives the test…. Oh you mean the test involving where your business partner rug pulls the coin and smashes all the poor plebs he lured in and runs off with half a bill lol?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 10, 2022, 06:57:39 PM
This is the sort of shit that makes Baby Jesus weep.

Luna getting smashed down to $16 now lol.

UST getting proper fucked. Binance suspended all deposits and withdrawals of UST, sorry holders but you simply have to sit this out until it goes to zero…… belted down to 0.6 today and struggling.

Mongs on Twitter are actually defending UST saying it’s not a problem…… the train has arrived at Mong Central and the spastics are buying tickets.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 10, 2022, 07:06:18 PM
Quote from: Theoak* on May 10, 2022, 03:59:15 AM

If you're going to disrupt the legacy system be prepared for them to come after you. Remember email first came out. US government and postmaster general said the most effecient and secure  way to send information was via US mail not email. Email needs servers that requires lots of energy and is going to destroy the planet. They actually went to court wanting to stop emails because  per email burnt 10pounds of coal! They wanted to implement an email stamp tax!

Same thing with the internet, those who had a monopoly on information used the same excuse, requires servers too much energy every 5 megabytes of information burned a pound of coal. They tried to shut off the internet and email using falsified energy argument.


So you  basically have btc running on 200tw hours of energy compared to global energy consumption of 160,000tw hours. BTC uses .00018%. It's a rounding error, see what they're doing?  So saying btc uses more energy than a small country is a marketing ploy and outright lie. WEF said in 2017 that by 2020 btc will consume all the world's energy....not a lot, literally said all the world's energy. It's horseshit scaremongering.

Unlike traditional legacy systems which you  cant turn off the grid without severe ramifications, they all have fail safes , generators and all sorts of stuff so they don't go off-line. Bitcoin miners don't care if they go off-line, they have what you call a "flexible load" . If there is an emergency you can shut them off first. They can give power back to the grid which means bitcoin miners are the first line of defence. So having a bitcoin mining facility makes your grid stronger than any other because the bitcoin miners will be first to turn off. Then flick a switch and turn right  back on within several minutes without  a hiccup or damage to equipment.
That's great and I agree with you about the power narrative being BS. However governments are all onboard with the green initiatives whether you like it or not. So a layer 1 with low energy requirements that can still manage to be decentralized and secure is a plus in my opinion. All things being equal it does not hurt to have a low carbon footprint.

It remains to be seen how secure POS is to POW when it comes down to it. Ethereum Classic is POW and yet it suffered numerous 51% attacks because of the low hash rate. Bitcoin is a lot more secure than these smaller blockchains. A 51% attack on Bitcoin is theoretically possible if a few large mining pools acted in unison. But it is extremely unlikely.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 10, 2022, 07:10:28 PM
Quote from: Mayday on May 10, 2022, 06:57:39 PM
This is the sort of shit that makes Baby Jesus weep.

Luna getting smashed down to $16 now lol.

UST getting proper fucked. Binance suspended all deposits and withdrawals of UST, sorry holders but you simply have to sit this out until it goes to zero…… belted down to 0.6 today and struggling.

Mongs on Twitter are actually defending UST saying it’s not a problem…… the train has arrived at Mong Central and the spastics are buying tickets.
I am now so glad I did not get sucked into Terra. As of right now it is 57% down in the past 24 hours! I feel like an ass because just today I told someone to keep an eye on Terra because it looks promising. Just goes to show all these Ethereum killers are not such a sure bet. Terra was listed as a number 2 Ethereum Killer behind Solana on Decrypt. Solana suffered numerous attacks recently because of the limited number of validators.

https://decrypt.co/99481/5-biggest-ethereum-killers
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 10, 2022, 07:29:28 PM
Quote from: obsidian on May 10, 2022, 07:10:28 PM
I am now so glad I did not get sucked into Terra. As of right now it is 57% down in the past 24 hours! I feel like an ass because just today I told someone to keep an eye on Terra because it looks promising. Just goes to show all these Ethereum killers are not such a sure bet. Terra was listed as a number 2 Ethereum Killer behind Solana on Decrypt. Solana suffered numerous attacks recently because of the limited number of validators.

https://decrypt.co/99481/5-biggest-ethereum-killers

Don’t fault yourself, how can you know that Terra would get rugged. It just shows we are at that phase. Lack of liquidity and big players can demolish whatever they want.

It does give a possible window as to what an attack on Saylor might look like via his share price. If it gets a big attack, the board might demand Saylor to sell BTC to defend the share price dump. So we see BTC take a dump as he defends the share price, I mean it’s looking pretty damn dire for MSTR already and I can’t imagine the SEC is ok with the business being insolvent and still operating.

His Asset book is break even now and he sells the break even asset to get money to pay the 6% interest on his junk bonds because his business loses money. Nothing may happen but damn, this is getting into very questionable territory.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 10, 2022, 07:34:35 PM
Quote from: Mayday on May 10, 2022, 07:29:28 PM
Don’t fault yourself, how can you know that Terra would get rugged. It just shows we are at that phase. Lack of liquidity and big players can demolish whatever they want.

It does give a possible window as to what an attack on Saylor might look like via his share price. If it gets a big attack, the board might demand Saylor to sell BTC to defend the share price dump. So we see BTC take a dump as he defends the share price, I mean it’s looking pretty damn dire for MSTR already and I can’t imagine the SEC is ok with the business being insolvent and still operating.

His Asset book is break even now and he sells the break even asset to get money to pay the 6% interest on his junk bonds because his business loses money. Nothing may happen but damn, this is getting into very questionable territory.
https://decrypt.co/99970/michael-saylor-microstrategy-could-post-other-collateral-bitcoin-crashes

MicroStrategy CEO Michael Saylor has been a vocal Bitcoin advocate, with his company holding 129,218 Bitcoin (nearly $4.1 billion worth) as of its latest quarterly earnings report.

While being the biggest Bitcoin holder among publicly traded companies has its risks, Saylor shared his thoughts on how MicroStrategy could survive a serious bear market.

“If the price of Bitcoin falls below $3,562 the company could post some other collateral,” Saylor wrote on Twitter.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 10, 2022, 08:03:09 PM
On the 9th Luna LFG sent all their bitcoin (42,530) to a few exchanges to defend the plummeting UST peg. They got it back up to over 0.9 and then sent their remaining BTC back to the Luna LFG wallet (28,205)

Few hours later UST peg was wobbling again and all the remaining 28,205 left the Luna LFG wallet again. The wallet still sits empty. How much if any BTC makes it back will be very interesting...

Do Kwon apprantly has a recovery plan

@stablekwon
11h
Close to announcing a recovery plan for $UST. Hang tight.
3h
Getting close ... stay strong, lunatics

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 10, 2022, 10:47:35 PM
Quote from: obsidian on May 10, 2022, 07:06:18 PM
That's great and I agree with you about the power narrative being BS. However governments are all onboard with the green initiatives whether you like it or not. So a layer 1 with low energy requirements that can still manage to be decentralized and secure is a plus in my opinion. All things being equal it does not hurt to have a low carbon footprint.

It remains to be seen how secure POS is to POW when it comes down to it. Ethereum Classic is POW and yet it suffered numerous 51% attacks because of the low hash rate. Bitcoin is a lot more secure than these smaller blockchains. A 51% attack on Bitcoin is theoretically possible if a few large mining pools acted in unison. But it is extremely unlikely.


I believe you're talking about renewable energy which btc miners are at now 54%. Renewable are intermittent, they're not always on. The wind doesn't always blow, the sun doesn't always shine, the waves get lower . So you gave intermittent  renewable energy which is what the world wants and is moving towards. In order to get renewable energies you need flexible load so you can power down as intermentency hits at certain times.

So the bitcoin mining industry is not only making the grid stronger but its subsidising the growth of renewable  energy. They're the only companies  right now to be subsidising it globally.

The problem I have with POS is it represents old financial legacy systems which are broken. Top validators are rewarded and can change the rules. POW/btc represents a parallel system which every one can participate on equal terms and not fear the rules been changed half way through due to legislation or an authoritarian regime.

In regards to a physical 51% attack, I believe you would need $8billion + in equipment just to facilitate such an attack and that much hardware being purchased would not go unnoticed. Especially now since there is a shortage.  Basically a nation state would have to bank roll it. Imagine  USA spending tax payer dollars to hijack a network in which 50million+ people hodl or have held  btc. Almost certain death for that political party. I'm not saying it's impossible, but as the network grows and becomes more secure it's attack vector will  be to costly and make little to no sense.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 10, 2022, 11:12:21 PM
Quote from: obsidian on May 10, 2022, 07:34:35 PM
https://decrypt.co/99970/michael-saylor-microstrategy-could-post-other-collateral-bitcoin-crashes

MicroStrategy CEO Michael Saylor has been a vocal Bitcoin advocate, with his company holding 129,218 Bitcoin (nearly $4.1 billion worth) as of its latest quarterly earnings report.

While being the biggest Bitcoin holder among publicly traded companies has its risks, Saylor shared his thoughts on how MicroStrategy could survive a serious bear market.

“If the price of Bitcoin falls below $3,562 the company could post some other collateral,” Saylor wrote on Twitter.

The guy lost 13B during the Dotcom, the above kind of tell you why.

Once they’re at 50% their assets/liabilities are zero and he has a business losing money. Share price going to get nuked for sure if we go under 30k. Does that matter is the question. He doesn’t seem to care and I’d assume his board are along with him on it. As for anyone who owns MSTR shares…. Probably not to happy right now —> insert, I didn’t want to own risky Bitcoin so I bought shares in a company that has exposure to it to lower my risk……ironically  would have been better off buying Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 10, 2022, 11:15:04 PM
Quote from: Flexacon on May 10, 2022, 08:03:09 PM
Do Kwon apprantly has a recovery plan

@stablekwon
11h
Close to announcing a recovery plan for $UST. Hang tight.
3h
Getting close ... stay strong, lunatics

If his plan was for Luna to drop another 50% and for UST to drop from 0.8 to 0.6 I’d say he has done an awesome job.

Fucking legend!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 10, 2022, 11:20:55 PM
Quote from: Mayday on May 10, 2022, 11:12:21 PM
The guy lost 13B during the Dotcom, the above kind of tell you why.

Once they’re at 50% their assets/liabilities are zero and he has a business losing money. Share price going to get nuked for sure if we go under 30k. Does that matter is the question. He doesn’t seem to care and I’d assume his board are along with him on it. As for anyone who owns MSTR shares…. Probably not to happy right now —> insert, I didn’t want to own risky Bitcoin so I bought shares in a company that has exposure to it to lower my risk……ironically  would have been better off buying Bitcoin.

Btc has already priced in the demise of Luna and has decided to move higher. This is a pretty telling story within itself.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 11, 2022, 05:54:48 AM
Quote from: Theoak* on May 10, 2022, 11:20:55 PM
Btc has already priced in the demise of Luna and has decided to move higher. This is a pretty telling story within itself.



Did you tell the market of your new info? Luna Down to $1.15 now mate and UST now utterly wrecked at 0.34….. Someone really hates Do Kwon.

As for BTC they keep on hitting it. Barely holding onto 30k and this is quite literally the last stronghold before it goes to 20k.

All over my feed everybody is longing alts and jumping into Luna and then shit gets hit over and over again. People were longing Luna at $30 then $18 the. $9 then $6. Then $3….. we are at $1 now lol.

This is how capitulations happen as mongs use high leverage longs and get liquidated all the way down adding to existing sell pressure.

BTC 29.4K now…..

BTC dominance finally up to 43.5%. We now see a chink in the alt coin market. They are trying to fuck alt coins right up. We lose 28.7k and it’s heading to 20k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 11, 2022, 06:13:35 AM
See they still don’t learn….. Luna 0.73  UST 0.3 and BtC tapped under 29k.

God knows what sketchy shit they are doing trying to save Luna and UST and maybe that’s what we see play out if This chokes out.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on May 11, 2022, 08:17:32 AM
Quote from: obsidian on May 10, 2022, 07:34:35 PM
https://decrypt.co/99970/michael-saylor-microstrategy-could-post-other-collateral-bitcoin-crashes

MicroStrategy CEO Michael Saylor has been a vocal Bitcoin advocate, with his company holding 129,218 Bitcoin (nearly $4.1 billion worth) as of its latest quarterly earnings report.

While being the biggest Bitcoin holder among publicly traded companies has its risks, Saylor shared his thoughts on how MicroStrategy could survive a serious bear market.

“If the price of Bitcoin falls below $3,562 the company could post some other collateral,” Saylor wrote on Twitter.

It's absurd how much risk they took.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 11, 2022, 10:51:50 AM
Quote from: Mayday on May 11, 2022, 05:54:48 AM


Did you tell the market of your new info? Luna Down to $1.15 now mate and UST now utterly wrecked at 0.34….. Someone really hates Do Kwon.

As for BTC they keep on hitting it. Barely holding onto 30k and this is quite literally the last stronghold before it goes to 20k.

All over my feed everybody is longing alts and jumping into Luna and then shit gets hit over and over again. People were longing Luna at $30 then $18 the. $9 then $6. Then $3….. we are at $1 now lol.

This is how capitulations happen as mongs use high leverage longs and get liquidated all the way down adding to existing sell pressure.

BTC 29.4K now…..

BTC dominance finally up to 43.5%. We now see a chink in the alt coin market. They are trying to fuck alt coins right up. We lose 28.7k and it’s heading to 20k.

Well that aged fast, crypto and stocks all round markets are still getting smashed. So yes I think the luna thing is priced in barring some shady information like you said. Peak inflation last month was 8.3%, numbers just released. Hence the blood bath continuing  as the fed will continue to tighten for a few more months yet.

Glad to see all the shitcoins getting absolutely slaughtered and btc holding its own against the blood bath.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on May 11, 2022, 01:28:46 PM
#Seen_gib ??
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 11, 2022, 01:30:53 PM
I listen to a lot of fo financial podcast too. They all over complicate things to show off how smart they are. It’s not that complicated. Get into cash and fucking relax.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 11, 2022, 01:34:35 PM
BTC $ 29.104

ouch
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 11, 2022, 01:34:50 PM
Another one bites the dust:


This idea is right up there with Ralph Kramnden’s no cal pizza.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 11, 2022, 04:43:45 PM
UST will probably get back to $1, but Luna is done. It seems Do Kwon got worked George Soros style.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 11, 2022, 07:15:13 PM
Quote from: Theoak* on May 11, 2022, 10:51:50 AM
Well that aged fast, crypto and stocks all round markets are still getting smashed. So yes I think the luna thing is priced in barring some shady information like you said. Peak inflation last month was 8.3%, numbers just released. Hence the blood bath continuing  as the fed will continue to tighten for a few more months yet.

Glad to see all the shitcoins getting absolutely slaughtered and btc holding its own against the blood bath.

BTC tapped 27.6k and holding around that 28.7k abyss point.

The bottom isn’t in and we now have a path to 21k now thanks to degenerates going 100x long. My feed full of every bastard longing. Huge Pump imminent apparently…. Shit is crazy right now.

As for the Fed tightening, inflation reversed. That’s a marker and Fed needs to tread carefully now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 11, 2022, 10:46:44 PM
BTC $ 27,348.25
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 11, 2022, 11:54:55 PM
Quote from: Theoak* on May 11, 2022, 10:51:50 AM
So yes I think the luna thing is priced in barring some shady information like you said.

People still aren’t learning and continue to long into Luna. $0.19 now.

This is peak degeneracy. Nothing has changed and yet still no shortage of Mongs longing with leverage into LUNA.

This is happening to all coins right now because people just don’t get it. 30k is not the bottom. Longing from ‘the bottom’ and it’s simply providing the fuel to send it the other way.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 12, 2022, 12:14:04 AM
Tether starting to look wobbly now. Low $0.90s

There is a run on Coinbase. People moving their coins out because of a new amendment to their terms.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 12, 2022, 01:18:15 AM
Quote from: Flexacon on May 12, 2022, 12:14:04 AM
Tether starting to look wobbly now. Low $0.90s

There is a run on Coinbase. People moving their coins out because of a new amendment to their terms.

I was up until 130am this morning watching it all play out and I had a whacking Chunk in Tether for the FX play. I saw happened to UST and USDT wobble ever so slightly. Made a call to sell at 0.998 and go back to Ozzie Pesos and not worry about anything. Now I see a 0.94 low so far today and I feel much better lol.

BTC dominance at 44.3 now so we are getting some traction on alts being demolished. Target is 47% then hopefully a break above it.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on May 12, 2022, 01:58:18 AM
Quote from: Flexacon on May 12, 2022, 12:14:04 AM
Tether starting to look wobbly now. Low $0.90s

There is a run on Coinbase. People moving their coins out because of a new amendment to their terms.

What is the new amendment to their terms? I’m not aware of this.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Gym-Rat on May 12, 2022, 02:11:59 AM
Quote from: robcguns on May 12, 2022, 01:58:18 AM
What is the new amendment to their terms? I’m not aware of this.

If they go bankrupt they can keep your crypto...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 12, 2022, 02:13:14 AM
Quote from: Mayday on May 12, 2022, 01:18:15 AM
I was up until 130am this morning watching it all play out and I had a whacking Chunk in Tether for the FX play. I saw happened to UST and USDT wobble ever so slightly. Made a call to sell at 0.998 and go back to Ozzie Pesos and not worry about anything. Now I see a 0.94 low so far today and I feel much better lol.

BTC dominance at 44.3 now so we are getting some traction on alts being demolished. Target is 47% then hopefully a break above it.

Watching Luna cascade like that was nuts!

Tether "found" a $billion plus in swaps with a 3rd party and looks like it might be be okay.

All the comments I'm seeing is people saying they aren't messing with alts again. BTC and ETH is all they will trust now. I hope they mean that and alts truly capitulate because I have about 10 legit alt projects I'd love to buy dirt cheap and wait for sentiment to change.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on May 12, 2022, 02:30:12 AM
Quote from: Gym-Rat on May 12, 2022, 02:11:59 AM
If they go bankrupt they can keep your crypto...

Hahaha wouldn’t doubt it.

Wow just looked it up and you weren’t kidding.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on May 12, 2022, 02:31:39 AM
You guys think we are still far from a bottom? Prices right now are looking so good I’m dying to buy but I was a few days ago as well and it dropped more.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 12, 2022, 03:54:42 AM
Quote from: Flexacon on May 12, 2022, 02:13:14 AM
Watching Luna cascade like that was nuts!

Tether "found" a $billion plus in swaps with a 3rd party and looks like it might be be okay.

All the comments I'm seeing is people saying they aren't messing with alts again.

Yeah dude was epic. 4yrs of sleep haha.

Stablecoins confirmed what everyone suspected. Are you fully backed as claimed? No lol.

This isn’t even as bad as it gets and that’s what worried me. Sure you sit in…. It’s 0.2% down then 3% then neck minute 10-15-20-40% right when you want to buy…..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 12, 2022, 04:10:08 AM
Quote from: robcguns on May 12, 2022, 02:31:39 AM
You guys think we are still far from a bottom? Prices right now are looking so good I’m dying to buy but I was a few days ago as well and it dropped more.

Think of it like this.

You just met a girl and she has scabies. You are asking us, hey guys do you think her scabies have peaked?  She is looking so good right now I’m dying to fuck her but she was looking good a few days ago but then her scabies got worse…..

My answer to you is yes. Her scabies has peaked and you should jump right in. But I want to see you do something utterly disgusting so I can get a chuckle. So my answer probably isn’t good for you.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on May 12, 2022, 04:47:01 AM
Quote from: Mayday on May 12, 2022, 04:10:08 AM
Think of it like this.

You just met a girl and she has scabies. You are asking us, hey guys do you think her scabies have peaked?  She is looking so good right now I’m dying to fuck her but she was looking good a few days ago but then her scabies got worse…..

My answer to you is yes. Her scabies has peaked and you should jump right in. But I want to see you do something utterly disgusting so I can get a chuckle. So my answer probably isn’t good for you.

Yeah I get that. Just trying to get a general consensus of where the bottom could be going. Everyone is saying different stuff. Guess I’ll wait a few more days and see what happens, the prices are so nice now it’s hard to resist.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 12, 2022, 04:57:08 AM
Quote from: robcguns on May 12, 2022, 04:47:01 AM
Yeah I get that. Just trying to get a general consensus of where the bottom could be going. Everyone is saying different stuff. Guess I’ll wait a few more days and see what happens, the prices are so nice now it’s hard to resist.

Ok fine and no sense of humour.

Daily close above 28.7k issa ok.

Daily close below 28.7k issa not ok and you look for 25.4K and then 19k. After that it’s 10k.

Just wait IMO.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on May 12, 2022, 05:15:29 AM
Quote from: Mayday on May 12, 2022, 04:57:08 AM
Ok fine and no sense of humour.

Daily close above 28.7k issa ok.

Daily close below 28.7k issa not ok and you look for 25.4K and then 19k. After that it’s 10k.

Just wait IMO.

Haha I have a sense of humor just busy morning. Thank you. Would love to see 10k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 12, 2022, 05:20:06 AM
Quote from: robcguns on May 12, 2022, 02:31:39 AM
You guys think we are still far from a bottom? Prices right now are looking so good I’m dying to buy but I was a few days ago as well and it dropped more.

No one can consistently call tops and bottoms. People just pull numbers out of their asses.

All you can do is follow the trend and it’s currently DOWN. Same with the stock market.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on May 12, 2022, 05:22:51 AM
Quote from: Thin Lizzy on May 12, 2022, 05:20:06 AM
No one can consistently call tops and bottoms. People just pull numbers out of their asses.

All you can do is follow the trend and it’s currently DOWN. Same with the stock market.

I understand, just like to pick everyone’s brain involved and go from there. Prices are so nice right now it’s hard not to bite.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 12, 2022, 05:38:54 AM
ETH $ 1,935.33
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on May 12, 2022, 09:47:12 AM
Burn fucker burn.  I want to see the housing market just drown in fire.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 12, 2022, 10:34:54 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on May 12, 2022, 12:03:47 PM
This whole terra Luna shit is such bullshit.  It didn’t magically just vanish.   These fuckers that created it and run it fucked over everyone taking cash for themselves. It was a con from the start.  Just like Bitcoin has holes in it from being “untraceable” where now people can trace it.  All of these alt coins are scams.  All. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 12, 2022, 01:14:05 PM
Quote from: El Diablo Blanco on May 12, 2022, 09:47:12 AM
Burn fucker burn.  I want to see the housing market just drown in fire.

Some relief from recent insanity, sure.

A crash? No. It’ll go up again but not as quick.

You will spend every single cent on property and food and you will be happy.


Quote from: Thin Lizzy on May 12, 2022, 05:20:06 AM
No one can consistently call tops and bottoms. People just pull numbers out of their asses.

All you can do is follow the trend and it’s currently DOWN. Same with the stock market.

Spot on.

There are ways to spot a bottom in the current environment but we won’t know the exact price in advance. You only know once it’s in.

Luna is a great example. Belted down -50% and people jumped in at ‘the bottom’. Hit -50% and more bought at ‘the bottom’. Then -50%. Then -80% etc. It went from $100 now down to $0.02. Is it the bottom? Well LUNA is now being forked…… so no, the bottom is not in lol. But had people just waited and had patience they wouldn’t have gotten burned.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 12, 2022, 01:34:05 PM
Quote from: robcguns on May 12, 2022, 05:22:51 AM
I understand, just like to pick everyone’s brain involved and go from there. Prices are so nice right now it’s hard not to bite.

Here are all my ranges to help anyone if they want it.

For now only focus if we get a daily close at or above 28.7k. The overall economic trend is down so my belief is we lose 28.7k and go to 19k. That’s my next target.

We have a handful of weeks for this to play out.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on May 12, 2022, 02:13:09 PM
Quote from: Mayday on May 12, 2022, 01:34:05 PM
Here are all my ranges to help anyone if they want it.

For now only focus if we get a daily close at or above 28.7k. The overall economic trend is down so my belief is we lose 28.7k and go to 19k. That’s my next target.

We have a handful of weeks for this to play out.

Thanks mayday.appreciate your thoughts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 12, 2022, 06:01:55 PM
Quote from: robcguns on May 12, 2022, 05:22:51 AM
I understand, just like to pick everyone’s brain involved and go from there. Prices are so nice right now it’s hard not to bite.

Here is my belief of some who has continually bought from $200 all the way to 68k. Jump in, don't try time it. Nobody knows for certain short term. My personal opinion, we won't see sub 20k ever. If next inflation numbers come out lower than 8.1 then we will see rally in the markets. If higher then maybe 24k.

Don't be a speculator/gambler, you're young enough to dump enough money In  and hold on for 5-10 years. Alts are getting flushed like last cycle, people are suiciding. Next wave a new batch  of idiots will come in and buy the next best shitcoin only to get dumped on.

Stick with Btc, you're a family man. Secure their future.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 12, 2022, 11:08:28 PM
Quote from: Theoak* on May 10, 2022, 10:47:35 PM



The problem I have with POS is it represents old financial legacy systems which are broken. Top validators are rewarded and can change the rules. POW/btc represents a parallel system which every one can participate on equal terms and not fear the rules been changed half way through due to legislation or an authoritarian regime.



Terra Validators Halt Blockchain for Second Time to Plot Next Steps

via @ftx_app

 https://www.coindesk.com/business/2022/05/13/terra-validators-halt-blockchain-for-second-time-to-plot-next-steps/?utm_medium=referral&utm_source=rss&utm_campaign=headlines



Yet BTC keeps pumping out blocks every 10minutes without a hiccup for 13 years straight. 

POW > POS
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 13, 2022, 01:27:17 AM
Some people argue on Twitter the whole crypto space will be wiped out. Bitcoin has bottomed 15 - 20 percent from its recent bottom. It does not look like a wipe out to me. That is a strong bounce back. Stocks in europe are also up today.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 13, 2022, 01:29:11 AM
if you look at a 3 year chart of bitcoin price, then we are bouncing off the 2021 lows. I think the bottom is in - or close to it. That would be my guess. What do you guys think?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 13, 2022, 02:01:01 AM
Quote from: Theoak* on May 12, 2022, 11:08:28 PM
Terra Validators Halt Blockchain for Second Time to Plot Next Steps

via @ftx_app

 https://www.coindesk.com/business/2022/05/13/terra-validators-halt-blockchain-for-second-time-to-plot-next-steps/?utm_medium=referral&utm_source=rss&utm_campaign=headlines



Yet BTC keeps pumping out blocks every 10minutes without a hiccup for 13 years straight. 

POW > POS
Nothing is truly decentralized. Bitcoin would be decentralized on Earth if all the power and internet to run the network came from another planet or moon or numerous moons and planets and was broadcasted to Earth via satellites that are not controlled by Earth and that can defend themselves successfully against an attack. The planet(s) where Bitcoin is secured needs to be able to defend the power stations from interplanetary missile attacks / nukes.

But here on Earth it aims to be decentralized but it still has centralized attributes. Look at this chart. A handful of pools dominate the Bitcoin hash rate. If the three largest pools combined their hash rate they could make a 51% attack on Bitcoin.

(https://cdn-images-1.medium.com/max/1024/1*G89K9_ushyoZSzY3dE4RIA.png)

https://fortune.com/2021/10/26/bitcoin-mining-capacity-ownership-concentration-top-investors-nber-study/

Just 0.1% of Bitcoin miners control half of all mining capacity, according to a new study

Bitcoin’s surging popularity hasn’t changed one of its original attributes. Its ownership is still concentrated in just a few hands.

The top 10,000 individual investors in Bitcoin control about one-third of the cryptocurrency in circulation, according to a study by the National Bureau of Economic Research.

Crypto enthusiasts have long pondered who the largest owners of Bitcoin are since the early days of the its existence. It can be especially difficult to determine the concentration of ownership, as many of the largest addresses don’t often represent individuals, but exchanges and other entities that hold Bitcoin on behalf of other investors.

However, by using a data collection method that differentiated between addresses belonging to intermediaries and individuals, NBER researchers were able to find the former controlled about 5.5 million Bitcoin at the end of last year while the latter controlled about 8.5 million. Additionally, the top 1,000 individual investors controlled about 3 million, and the concentration could be even greater.

“This measurement of concentration most likely is an understatement since we cannot rule out that some of the largest addresses are controlled by the same entity,” researchers Igor Makarov and Antoinette Schoar wrote.

For instance, the data did not not assign the ownership of early Bitcoins held in about 20,000 addresses to one person (Satoshi Nakamoto) and considered them as belonging to 20,000 different individuals.

The concentration of miners is even more profound, data show. NBER found that the top 10% of miners control 90% of the Bitcoin mining capacity, and just 0.1% (about 50 miners) control 50% of mining capacity. 

Such a high concentration could make the Bitcoin network vulnerable to a 51% attack, where a colluding set of miners or one miner is able to take control of a majority of the network. NBER found the concentration also decreases following sharp increases in the Bitcoin price, meaning the probability the network is vulnerable to a 51% attack is higher when Bitcoin’s price drops sharply.

“Our results suggest that despite the significant attention that Bitcoin has received over the last few years, the Bitcoin ecosystem is still dominated by large and concentrated players, be it large miners, Bitcoin holders or exchanges,” the researchers wrote. “This inherent concentration makes Bitcoin susceptible to systemic risk and also implies that the majority of the gains from further adoption are likely to fall disproportionately to a small set of participants.”
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 13, 2022, 02:58:51 AM
When you hear a lot of chatter asking “Is the bottom in?” it’s a pretty good indicator that the bottom isn’t in.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 13, 2022, 05:06:25 AM
Quote from: Theoak* on May 12, 2022, 11:08:28 PM
Terra Validators Halt Blockchain for Second Time to Plot Next Steps

They’re forming LUNA and already pushing their new coin.

Rinse and repeat.

There was a tweet from Raoul Pal’s business partner who was involved in running LUNa. Posted it was his only crypto holding and he lost everything and is in the same boat as everyone else…. GTFO….. disgusting tweet done purely as damage control for real Vision and Raoul. The leaders dumped their holdings and ran away with many millions before it went tits up. Crocodile tears
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 13, 2022, 05:12:39 AM
Possible market catalyst we were waiting for.

I mentioned this as a possibility in one of these threads.

Elon Musk has put the Twitter deal on hold……

It went up 26% or so based on his deal, lol at the market carnage about to take place 👀
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 13, 2022, 05:24:15 AM
Are we talking about Raoul Pal? He has questionable morality. He lives in some shitty little island (Cayman Island) or something like that, to avoid paying taxes. I doubt he is dumb enough to put all his eggs into one basket.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 13, 2022, 05:26:07 AM
from Coinmarketcap:
The Terra blockchain has officially halted and UST has remained de-pegged from the US dollar since 9th May 2022.

why would they do this?
Why not just let it trade?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 13, 2022, 05:46:20 AM
Quote from: Mayday on May 13, 2022, 05:12:39 AM
Possible market catalyst we were waiting for.

I mentioned this as a possibility in one of these threads.

Elon Musk has put the Twitter deal on hold……

It went up 26% or so based on his deal, lol at the market carnage about to take place 👀

Down big pre market even though futures are up big. Something is up. They also announced a hiring freeze.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 13, 2022, 05:46:26 AM
Quote from: FitnessFrenzy on May 13, 2022, 05:24:15 AM
Are we talking about Raoul Pal? He has questionable morality. He lives in some shitty little island (Cayman Island) or something like that, to avoid paying taxes. I doubt he is dumb enough to put all his eggs into one basket.

It’s his business partner from Real Vision. Reme.

Quote from: FitnessFrenzy on May 13, 2022, 05:26:07 AM
from Coinmarketcap:
The Terra blockchain has officially halted and UST has remained de-pegged from the US dollar since 9th May 2022.

why would they do this?
Why not just let it trade?

Because it is no longer any sort of product and becomes a wrecking ball hurting customers on exchanges.

You got to remember this is an extreme case. $100 down to $1 then Degenerates YOLO’d and managed  to lose another 99%. Then even more degenerates pinged from 0.01 and managed to lose another 99%.

It was basically a spastic convention.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 13, 2022, 05:47:48 AM
Dorsey’s other baby. I remember shitheads on CNBC pimping this company when it was in the 200s
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 13, 2022, 05:56:43 AM
I still believe $BTC will go lower. With all these hedge funds liquidating, there's a whole lot more room to go down.

Bitcoin target $11K. I know, sounds insane to suggest such a low number.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 13, 2022, 06:02:12 AM
Quote from: OneMoreRep on May 13, 2022, 05:56:43 AM
I still believe $BTC will go lower. With all these hedge funds liquidating, there's a whole lot more room to go down.

Bitcoin target $11K. I know, sounds insane to suggest such a low number.

"1"

Agree. Remember when this stock was the shit? Probably will go to zero.

I don’t claim to know the bottom but when busts happen people get surprised by how low prices can go an example being the banks in 2008.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on May 13, 2022, 06:06:57 AM
Quote from: OneMoreRep on May 13, 2022, 05:56:43 AM
I still believe $BTC will go lower. With all these hedge funds liquidating, there's a whole lot more room to go down.

Bitcoin target $11K. I know, sounds insane to suggest such a low number.

"1"

This would be great.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 13, 2022, 06:08:24 AM
Twitter deal on hold
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 13, 2022, 06:09:31 AM
Not surprising. Elon is a loose cannon mentally.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on May 13, 2022, 06:13:57 AM
Musk is a turbo autist lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 13, 2022, 06:15:12 AM
Quote from: Thin Lizzy on May 13, 2022, 06:02:12 AM
Agree. Remember when this stock was the shit? Probably will go to zero.

I don’t claim to know the bottom but when busts happen people get surprised by how low prices can go an example being the banks in 2008.

So many stocks are going to shit. So many indicators at a macro level suggesting that things will get worse.

I still believe central bank digital currencies will become real phenomenon and soon (within 5 years). I am now trying to stick to only cryptocurrency projects/blockchains that look to be likely used in the future CBDC space.

When it comes to stocks, only dollar cost averaging into index funds. The market is much too volatile for me to pretend to be able to time it.

Quote from: robcguns on May 13, 2022, 06:06:57 AM
This would be great.

Agreed. If that target hits, I'd pour a good chunk of cash into a select 5-10 cryptos.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 13, 2022, 06:24:19 AM
Quote from: OneMoreRep on May 13, 2022, 06:15:12 AM
So many stocks are going to shit. So many indicators at a macro level suggesting that things will get worse.

I still believe central bank digital currencies will become real phenomenon and soon (within 5 years). I am now trying to stick to only cryptocurrency projects/blockchains that look to be likely used in the future CBDC space.

When it comes to stocks, only dollar cost averaging into index funds. The market is much too volatile for me to pretend to be able to time it.

Agreed. If that target hits, I'd pour a good chunk of cash into a select 5-10 cryptos.

"1"

Amazon is still at 50PE. My fundamental issue with this is that the company is seen as tech when it’s really an online supermarket and that type of business operates on low profit margins.

I see it eventually going significantly lower:

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 13, 2022, 06:30:44 AM
Another classic distribution pattern. Investors thought they were getting a bargain in the 110-130 range:

This chick Kathie Wood was God’s gift during the run up:

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: G_Thang on May 13, 2022, 06:35:00 AM
Holy all momentum lost Batman, just a Dead Giveaway.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 13, 2022, 06:37:32 AM
Quote from: Thin Lizzy on May 13, 2022, 06:24:19 AM
Amazon is still at 50PE. My fundamental issue with this is that the company is seen as tech when it’s really an online supermarket and that type of business operates on low profit margins.

I see it eventually going significantly lower:

Way overvalued on that PE.

RSI cruising around the 26 range, oversold, but likely due to people getting scared and wanting to take healthy profits in light of what could come in the future. Even if RSI points towards a good buy potential, I'm not convinced.

Still too pricey for my blood.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 13, 2022, 07:15:15 AM
Quote from: obsidian on May 13, 2022, 02:01:01 AM
Nothing is truly decentralized. Bitcoin would be decentralized on Earth if all the power and internet to run the network came from another planet or moon or numerous moons and planets and was broadcasted to Earth via satellites that are not controlled by Earth and that can defend themselves successfully against an attack. The planet(s) where Bitcoin is secured needs to be able to defend the power stations from interplanetary missile attacks / nukes.

But here on Earth it aims to be decentralized but it still has centralized attributes. Look at this chart. A handful of pools dominate the Bitcoin hash rate. If the three largest pools combined their hash rate they could make a 51% attack on Bitcoin.

(https://cdn-images-1.medium.com/max/1024/1*G89K9_ushyoZSzY3dE4RIA.png)

https://fortune.com/2021/10/26/bitcoin-mining-capacity-ownership-concentration-top-investors-nber-study/

Just 0.1% of Bitcoin miners control half of all mining capacity, according to a new study

Bitcoin’s surging popularity hasn’t changed one of its original attributes. Its ownership is still concentrated in just a few hands.

The top 10,000 individual investors in Bitcoin control about one-third of the cryptocurrency in circulation, according to a study by the National Bureau of Economic Research.

Crypto enthusiasts have long pondered who the largest owners of Bitcoin are since the early days of the its existence. It can be especially difficult to determine the concentration of ownership, as many of the largest addresses don’t often represent individuals, but exchanges and other entities that hold Bitcoin on behalf of other investors.

However, by using a data collection method that differentiated between addresses belonging to intermediaries and individuals, NBER researchers were able to find the former controlled about 5.5 million Bitcoin at the end of last year while the latter controlled about 8.5 million. Additionally, the top 1,000 individual investors controlled about 3 million, and the concentration could be even greater.

“This measurement of concentration most likely is an understatement since we cannot rule out that some of the largest addresses are controlled by the same entity,” researchers Igor Makarov and Antoinette Schoar wrote.

For instance, the data did not not assign the ownership of early Bitcoins held in about 20,000 addresses to one person (Satoshi Nakamoto) and considered them as belonging to 20,000 different individuals.

The concentration of miners is even more profound, data show. NBER found that the top 10% of miners control 90% of the Bitcoin mining capacity, and just 0.1% (about 50 miners) control 50% of mining capacity. 

Such a high concentration could make the Bitcoin network vulnerable to a 51% attack, where a colluding set of miners or one miner is able to take control of a majority of the network. NBER found the concentration also decreases following sharp increases in the Bitcoin price, meaning the probability the network is vulnerable to a 51% attack is higher when Bitcoin’s price drops sharply.

“Our results suggest that despite the significant attention that Bitcoin has received over the last few years, the Bitcoin ecosystem is still dominated by large and concentrated players, be it large miners, Bitcoin holders or exchanges,” the researchers wrote. “This inherent concentration makes Bitcoin susceptible to systemic risk and also implies that the majority of the gains from further adoption are likely to fall disproportionately to a small set of participants.”


In every financial system there's always going to be a wealth disparity, Btc is  no different. The difference is the top holders of btc, no matter how much they hold have no rights of the consensus protocol. No amount of  btc they have can change the code. Sure they can dump the market and they have over and over, only to buy up cheap coins off people who know no better. Have a look at the last week, top 100 wallets have accumulated 80k in btc.

Elon musk has a large following, richest* man in the world, multiple companies which he resides over and makes policies and structural changes foreign and domestic in his companies favour with power and money he has.  Elon purchased 1.7billion in btc making him one of the largest holders, he has no say in how btc operates. Btc doesn't give a fuck about his stack and keeps pumping blocks every 10min.

Decentralisation is not a spectrum. Centralisation means it has a centre, you can go in and shut it down. Two very good examples, opensea and metamask blocking Russia  users, completely banned.  These 1000s of shitcoins are masking themselves as decentralised but really they are unregistered securities. SEC will come for them.

As for mining  pools, I touched on that. They would bleed their money dry before it ever eventuated. Look at china, at one point they were burning 100TW hrs per year, half the network. China shut down the network due to environmental bs issues. Mind you they burn 25000TW hrs per year. China is a major authoritarian  country, they hate  btc. If they could of hacked it, they would've, if they could've turned it off they would've. They're not a fan of people having private property outside of their ability to control/disrupt.

Instead what you saw was 50-60% network turned off and relocated. Because the network was so robust it had no downtime, no lawsuits, no protests. It just kept hitting ever 10minutes.  Never before have you seen a network lose 50-60% of its infrastructure and have no downtime or hiccups. The hash rate fell to 60s and then grew to up over 240s. So it grew 4times larger and stronger from  when it turned off. It was a trillion $$ mistake by China
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on May 13, 2022, 12:52:15 PM
All Getbig Bitcoin investors on suicide watch.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: GigantorX on May 13, 2022, 01:51:54 PM
Too many people investing large sums of money into something because it was going up in price. They also invested in something they really didn't understand.

Just look at Luna and it's twin coin. Gone in under 7 days. It's done.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 13, 2022, 04:43:40 PM
I can guarantee you most bitcoin investors are still happy enough to be holding their bitcoin, just maybe doing it with their butt clenched a bit right now. The only people on suicide watch are those who got involved in leveraged plays and lost everything. If they weren't doing it on bitcoin/crypto they would be doing it on something else.

Also I don't think there was anyone on here invested in Luna. The concept of a bitcoin back backed stablecoin and the algorithm involved was interesting and that was all that was ever discussed on here. Literally maybe 2 posts on Luna before this week out of 8000+

Shit, I posted about Luna looking fucked on here just hours before it's final death spiral and could have leveraged in and made a killing, but I didn't get financially involved because it's a bet that potentially has infinite loss if wrong. Buy and hold (and compounding gains) is as close as you'll get to free money if you are able to stick it out.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 13, 2022, 05:08:40 PM
I guess there are some early investors who are still in a profitable position but if you bought the ETF at any time and are still holding you are currently sporting a flaming bunghole.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 13, 2022, 05:17:39 PM
Which one gets to Zero first?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on May 13, 2022, 06:15:16 PM
Quote from: Thin Lizzy on May 13, 2022, 05:08:40 PM
I guess there are some early investors who are still in a profitable position but if you bought the ETF at any time and are still holding you are currently sporting a flaming bunghole.

“Sporting a flaming bunghole” that’s fucking terrific Hahahahaha.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: epic is back on May 14, 2022, 02:28:00 AM
Quote from: Vince G, CSN MFT on May 09, 2022, 02:33:01 PM
.
Just wanted to remind you guys making fun of me back then

you still work for whitey

you use racist terms like

honky

yet you date honky's and

work for them
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: epic is back on May 14, 2022, 02:31:05 AM
Quote from: Theoak* on May 13, 2022, 07:15:15 AM

In every financial system there's always going to be a wealth disparity, Btc is  no different. The difference is the top holders of btc, no matter how much they hold have no rights of the consensus protocol. No amount of  btc they have can change the code. Sure they can dump the market and they have over and over, only to buy up cheap coins off people who know no better. Have a look at the last week, top 100 wallets have accumulated 80k in btc.

Elon musk has a large following, richest* man in the world, multiple companies which he resides over and makes policies and structural changes foreign and domestic in his companies favour with power and money he has.  Elon purchased 1.7billion in btc making him one of the largest holders, he has no say in how btc operates. Btc doesn't give a fuck about his stack and keeps pumping blocks every 10min.

Decentralisation is not a spectrum. Centralisation means it has a centre, you can go in and shut it down. Two very good examples, opensea and metamask blocking Russia  users, completely banned.  These 1000s of shitcoins are masking themselves as decentralised but really they are unregistered securities. SEC will come for them.

As for mining  pools, I touched on that. They would bleed their money dry before it ever eventuated. Look at china, at one point they were burning 100TW hrs per year, half the network. China shut down the network due to environmental bs issues. Mind you they burn 25000TW hrs per year. China is a major authoritarian  country, they hate  btc. If they could of hacked it, they would've, if they could've turned it off they would've. They're not a fan of people having private property outside of their ability to control/disrupt.

Instead what you saw was 50-60% network turned off and relocated. Because the network was so robust it had no downtime, no lawsuits, no protests. It just kept hitting ever 10minutes.  Never before have you seen a network lose 50-60% of its infrastructure and have no downtime or hiccups. The hash rate fell to 60s and then grew to up over 240s. So it grew 4times larger and stronger from  when it turned off. It was a trillion $$ mistake by China

we need melvin to decipher what all this means

and the difference between a single of doublewide
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 14, 2022, 02:36:47 AM
Using Covid as a pretext, Central Banks around the world created massive amounts of money out of thin air. It went into the financial sector and then to speculative markets: Tech, housing and Crypto, running up prices well beyond market value. Now, the party is over and the hangover has arrived:

Notice when Bitcoin really took off:

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 14, 2022, 02:40:08 AM
Tech sector etf:
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 14, 2022, 05:26:35 PM
This thread has been mostly dead for months unless it was me shit posting for fun.

Now, everyone suddenly out of the woodwork and posting looking for Bitcoin death. While it’s fun to bear post just keep in mind the bottom will be at whatever price it will be at.

The bottom is in OR we have mere days left for it to be in. Once I see a confirmed bottom I’ll be bull posting my brains out……
 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 14, 2022, 06:10:40 PM
Quote from: Thin Lizzy on May 13, 2022, 06:08:24 AM
Twitter deal on hold
Because he wants to know how many actual real users there are. He doesn't want to overpay for Twitter.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 14, 2022, 06:12:09 PM
Quote from: Thin Lizzy on May 13, 2022, 06:24:19 AM
Amazon is still at 50PE. My fundamental issue with this is that the company is seen as tech when it’s really an online supermarket and that type of business operates on low profit margins.

I see it eventually going significantly lower:
Amazon Web Services, Amazon Prime Video and Music, Amazon Fire Stick and TV, Alexa devices... It is a tech company also.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 14, 2022, 06:15:31 PM
Quote from: Theoak* on May 13, 2022, 07:15:15 AM

As for mining  pools, I touched on that. They would bleed their money dry before it ever eventuated.
Ethereum staking validators have to be honest. Dishonest validators lose their ETH. To execute an attack on a POS network will also be expensive. And I read they can undo anything an attack accomplishes if it is discovered soon enough. Thousands of people are watching for these kind of attacks apparently 24/7.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 14, 2022, 06:16:36 PM
Quote from: Mayday on May 14, 2022, 05:26:35 PM
This thread has been mostly dead for months unless it was me shit posting for fun.

Now, everyone suddenly out of the woodwork and posting looking for Bitcoin death. While it’s fun to bear post just keep in mind the bottom will be at whatever price it will be at.

The bottom is in OR we have mere days left for it to be in. Once I see a confirmed bottom I’ll be bull posting my brains out……
Looks like Saylor will post some collateral if Bitcoin drops down below $4,000 lol!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 14, 2022, 07:50:36 PM
Quote from: obsidian on May 14, 2022, 06:15:31 PM
Ethereum staking validators have to be honest. Dishonest validators lose their ETH. To execute an attack on a POS network will also be expensive. And I read they can undo anything an attack accomplishes if it is discovered soon enough. Thousands of people are watching for these kind of attacks apparently 24/7.

Flaw, as I've mentioned is it resembles the old financial  system and can be changed. It is premined, had founding members. What's to say Russia avoids sanctions  by using Ethereum, how is the government going to stop them? They'll threaten  its founding members of Eth with jail time if they obey their demands.

There is a reason why the legacy system and its players are coming after POW and endorsing POS, it's not an environmental issue. They know  they can control a POS network if need be.

Full disclosure, I have a position in Eth similar to yours. I Stake it and at this point given my cost basis, where I live its not worth selling due to tax implications. I believe Eth will exist in years to come however Btc is my main holding.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 14, 2022, 09:07:25 PM
Quote from: obsidian on May 14, 2022, 06:10:40 PM
Because he wants to know how many actual real users there are. He doesn't want to overpay for Twitter.

He knows already and I can say this because there is someone like me in that company who tracks this stuff.

it’s IMO a ploy to dump Tesla shares.

He bought 9% of Twitter for 3B. He then makes an offer to buy the entire company. In order to fund it he gets the nod to sell 8.5B in Tesla shares. Post sale suddenly he holds off on the deal because he isn’t sure how many bots there is lol.

Plebs just got played. The guy has dumped 16B in Tesla shares over the past year and hasn’t bought a damn thing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 14, 2022, 11:15:18 PM
Tether FUD is running rampant right now. Billions are disappearing in blocks from its market cap. Some if it looks to have possibly been moved to USDC

It will probably be fine, just something else to increase panic, but don't be that guy too lazy to move money out of tether just in case.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 14, 2022, 11:20:46 PM
Quote from: Mayday on May 14, 2022, 09:07:25 PM
Plebs just got played. The guy has dumped 16B in Tesla shares over the past year and hasn’t bought a damn thing.


He will probably buy Tesla shares back again whenever the bottom is in.

A lot of tech companies seem to be setting up for a share buyback play.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 15, 2022, 01:31:20 AM
Quote from: Theoak* on May 14, 2022, 07:50:36 PM
Flaw, as I've mentioned is it resembles the old financial  system and can be changed. It is premined, had founding members. What's to say Russia avoids sanctions  by using Ethereum, how is the government going to stop them? They'll threaten  its founding members of Eth with jail time if they obey their demands.

There is a reason why the legacy system and its players are coming after POW and endorsing POS, it's not an environmental issue. They know  they can control a POS network if need be.

Full disclosure, I have a position in Eth similar to yours. I Stake it and at this point given my cost basis, where I live its not worth selling due to tax implications. I believe Eth will exist in years to come however Btc is my main holding.
Didn't they recently upgrade Bitcoin with Taproot? So Bitcoin can also be changed. It is not something that will never change. The reality is nothing in the Universe stays static. That's why we have time. Time just means a change in things. If nothing ever changed then time becomes meaningless. Our sun for example is burning up hydrogen as it fuses it to helium. Eventually it will run out of hydrogen and burn out in a helium flash during its red giant phase. It will seize to be a main sequence star. And eventually star formation in the Universe will end and the Black Hole Era will emerge. After a very long time, trillions and trillions and trillions and even more magnitude of years into the future the black holes will evaporate. And then in the end all that will remain are photons darting around in space. And then the Universe will cool down to absolute zero and seize to change. At that point time stops. Well that is one of the prevailing current theories.

https://www.investopedia.com/bitcoin-taproot-upgrade-5210039#:~:text=Taproot%2C%20Bitcoin's%20latest%20upgrade%2C%20is,verify%20transactions%20on%20Bitcoin's%20network.

Where are you staking your Ethereum? I have it staked on Coinbase and now I see in the news users could lose their cryptos in Coinbase goes bankrupt. This worries me. Them saying don't worry we are not going bankrupt is not good enough for me. My staked Ethereum is also locked up until the ETH Merge. I contacted Coinbase to get clarification. I hope I am not going to get fucked by this.

https://www.businessinsider.com/coinbase-warning-users-could-lose-crypto-bankruptcy-earnings-2022-5

Coinbase warns users could lose their crypto holdings if the company goes bankrupt


Coinbase, one of the largest cryptocurrency exchanges, said its users might lose access to their holdings if the company ever went bankrupt.

The disclosure was included in the company's first-quarter earnings report, and that was the first time the risk factor was mentioned. It also noted that Coinbase held $256 billion in fiat currencies and virtual coins.

"Because custodially held crypto assets may be considered to be the property of a bankruptcy estate, in the event of a bankruptcy, the crypto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings and such customers could be treated as our general unsecured creditors," the company said.

That means users would lose access to their balances because they would become Coinbase's property.

It's a different scenario from traditional investments. Many bank accounts, including checking and savings, are insured by the Federal Deposit Insurance Corp. for up to $250,000 per account if the bank goes under, while the Securities Investor Protection Corp. helps if a broker or dealer goes bankrupt.

Crypto enthusiasts have long heralded the decentralized movement as, in part, a way to give people complete control and ownership of their finances. That's only the case for those who physically store their cryptocurrency in personal wallets, as opposed to a platform like Coinbase. (Coinbase does offer a self-custody wallet called Coinbase Wallet.)

Following the earnings report, which sent the company's stock plummeting more than 23%, Coinbase CEO Brian Armstrong said there's no risk of bankruptcy right now.

On Twitter Tuesday night, he attempted to reassure users that their funds were safe and apologized for not being more forthright with communicating this risk when it was added. He said the company included the disclosure because of rules recently set by the Securities and Exchange Commission.

"This disclosure makes sense in that these legal protections have not been tested in court for crypto assets specifically, and it is possible, however unlikely, that a court would decide to consider customer assets as part of the company in bankruptcy proceedings even if it harmed consumers," Armstrong said.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 15, 2022, 03:14:19 AM
Quote from: Mayday on May 14, 2022, 09:07:25 PM
He knows already and I can say this because there is someone like me in that company who tracks this stuff.

it’s IMO a ploy to dump Tesla shares.

He bought 9% of Twitter for 3B. He then makes an offer to buy the entire company. In order to fund it he gets the nod to sell 8.5B in Tesla shares. Post sale suddenly he holds off on the deal because he isn’t sure how many bots there is lol.

Plebs just got played. The guy has dumped 16B in Tesla shares over the past year and hasn’t bought a damn thing.

Good possibility. Tesla is the most manipulated stock I’ve ever seen for a company with that type of market cap. I suspect it will eventually go much lower, but it’s not a good short play because the swings are so big that even if you end up being right you’ll get shaken out in the process.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on May 15, 2022, 03:15:42 AM
So much for the concept that "Bitcoin cannot be confiscated."

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: deadz on May 15, 2022, 02:22:17 PM
Looks like Bitcoin is biting the dust. LOL
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 16, 2022, 03:55:34 PM
Quote from: Flexacon on May 14, 2022, 11:20:46 PM

He will probably buy Tesla shares back again whenever the bottom is in.

A lot of tech companies seem to be setting up for a share buyback play.

Could be. his method of selling shares is ‘iffy’ but he likes to troll.

Quote from: Thin Lizzy on May 15, 2022, 03:14:19 AM
Good possibility. Tesla is the most manipulated stock I’ve ever seen for a company with that type of market cap. I suspect it will eventually go much lower, but it’s not a good short play because the swings are so big that even if you end up being right you’ll get shaken out in the process.

His funding for the deal has been questionable from the start so we could see him dump more shares in order to fund the deal and it would look normal.

Apparently if he pulls the plug there is a 1B penalty but that he could also be taken to court and sued for losses. I’m not quite sure how that would fly given the entire market has been losing share price and Twitter isn’t even at the lows before his announced offer.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 16, 2022, 04:24:48 PM
The setup I see at the moment i think we see the capitulation this week.

The 3 day RSI bottom (under 30) historically precedes the next leg down followed by a move higher 1-2 weeks later that forms the bottom in price action.

We hit the 3 day RSI last week —> tick

The Daily RSI was formed between the 9th-13th May —> tick

Both now have completed their upwards movement —> tick

If the pattern remains true, we see capitulation in days, not a rally. Remember since 38k every single bastard said we were due for a rally…. Then 36k….then 34k….then 32k and 30k. Then Luna happened down to 25.5k…..

In my feed it’s filled with ‘a rally is due now’ and ‘Never had 8 red week candles in a row’. To me this feels the same as 38k did. LUNA showed us how spastic retail is right now and we need degenerates more than ever to take us as low as possible.

What you buy in coming weeks should be based around what you believe the 2024-25 BTC price will be.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 17, 2022, 03:12:08 AM
Quote from: obsidian on May 15, 2022, 01:31:20 AM


Where are you staking your Ethereum? I have it staked on Coinbase and now I see in the news users could lose their cryptos in Coinbase goes bankrupt. This worries me. Them saying don't worry we are not going bankrupt is not good enough for me. My staked Ethereum is also locked up until the ETH Merge. I contacted Coinbase to get clarification. I hope I am not going to get fucked by this.

.

Don't stress, all exchanges  and trading platforms have the same disclaimer. That's been in there for awhile, people just spreading FUD due to the panic markets selling off.

Coinbase won't go bankrupt, look at their balance sheet. Mine is on Celsius along with btc. I can withdraw anytime so it's  not really locked up. Celsius has the same disclaimer as Coinbase BTW.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 17, 2022, 03:26:55 AM
Quote from: Theoak* on May 17, 2022, 03:12:08 AM
Don't stress, all exchanges  and trading platforms have the same disclaimer. That's been in there for awhile, people just spreading FUD due to the panic markets selling off.

Coinbase won't go bankrupt, look at their balance sheet. Mine is on Celsius along with btc. I can withdraw anytime so it's  not really locked up. Celsius has the same disclaimer as Coinbase BTW.

Coinbase has a history of locking people out of accounts for months preventing people access to sell their coins.

People staking on exchanges and 3rd parties are in a high risk category. It may not even be the coin you are staking that is the problem but all the shit stuff that collapses and causes the freeze.

Last week’s LUNA event I was seeing loads of stuff in my feed by people unable to access their coinbase account. Back in 2018 they locked people out and their account balances went to zero before they gave access back.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 17, 2022, 08:22:14 AM
Walmart taking a hit. This is why believe in cash during a market storm. Eventually even the “safe” stocks tank.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 17, 2022, 03:48:43 PM
Quote from: Thin Lizzy on May 17, 2022, 08:22:14 AM
Walmart taking a hit. This is why believe in cash during a market storm. Eventually even the “safe” stocks tank.


‘Low prices everyday’ :D


Meanwhile maxis should be rejoicing that Vitalik has a pretty damning view on his own ETH and said he wishes it was Bitcoin lol. In a nutshell he wanted to build something good and so far he has built a platform which has allowed jpegs to scam people lol.

On the Tether side, withdrawals have started happening and market cap coming down. It’s just a small blip for now but I’m eyeing the November 74B level. If we start seeing it rip down lower it kind of sets a story because this isn’t retail movement.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 17, 2022, 04:29:56 PM
Quote from: Theoak* on May 17, 2022, 03:12:08 AM
Don't stress, all exchanges  and trading platforms have the same disclaimer. That's been in there for awhile, people just spreading FUD due to the panic markets selling off.

Coinbase won't go bankrupt, look at their balance sheet. Mine is on Celsius along with btc. I can withdraw anytime so it's  not really locked up. Celsius has the same disclaimer as Coinbase BTW.
I have enough Ethereum where I can run my own validators. I can probably get a better return on it also. I figured to go with Coinbase initially since they take care of all the hassle of staking it and the disclaimer stated your funds will not be slashed if the validator is configured wrongly. However this bankruptcy disclaimer does not make me happy.

Some people say if Coinbase goes bankrupt your cryptos will be worthless anyways. However Mt. Cox went bankrupt and crypto did fine without it. Coinbase going bankrupt does not mean crypto would have collapsed.

When I am able to unstake on Coinbase I will consider setting up my own Validators. I am not sure if 24/7 power and network is required for validators to not get penalized and slashed. Maybe turnkey USB staking devices will be available that makes it easy to configure and update the validator 24/7 year round?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 17, 2022, 04:38:08 PM
Quote from: Mayday on May 17, 2022, 03:48:43 PM


‘Low prices everyday’ :D


Meanwhile maxis should be rejoicing that Vitalik has a pretty damning view on his own ETH and said he wishes it was Bitcoin lol. In a nutshell he wanted to build something good and so far he has built a platform which has allowed jpegs to scam people lol.

On the Tether side, withdrawals have started happening and market cap coming down. It’s just a small blip for now but I’m eyeing the November 74B level. If we start seeing it rip down lower it kind of sets a story because this isn’t retail movement.
Link to Vitalik claiming this?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 17, 2022, 10:22:15 PM
Quote from: obsidian on May 17, 2022, 04:38:08 PM
Link to Vitalik claiming this?

It was on Twitter under his own Twitter handle.

Vitalik sold the top, well it was $4,100.

The reality of generation 1 crypto is this…… it’s at the top of the S curve and all these OGs are likely going to abandon Gen 1 and start Gen 2 👀

There is enough data now to see the retail peak was April 2021 at 64.5k. That’s a 3.3x from 2017 peak and guess what? ETH did the exact same 3.3x. ETH only performed well from its bottom but did the same expansion from its peak.

BTC 2025 target is 96k. If it can break 100k then maybe 120-130. That’s a 1.5x and at best a 2x. You think these OGs will hang around for a 2x after making 10,000x? Nope.

The best thing possible right now is for an 11k BTC price because it means OGs and developers can buy the bottom cheap and still make a nice 10x or so return. ETH @ $600 is a great reason for Vitalik to stay. Give Vitalik a 2k ETH with a 7k peak with 3yrs of watching his project sell jpegs of rocks and he will walk and start on something else.

The alternative is he starts a new project and from scratch makes 10,000x vs 2x in the same time and will have a better performing platform than ETH.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 17, 2022, 11:58:38 PM
Quote from: Mayday on May 17, 2022, 03:48:43 PM



On the Tether side, withdrawals have started happening and market cap coming down. It’s just a small blip for now but I’m eyeing the November 74B level. If we start seeing it rip down lower it kind of sets a story because this isn’t retail movement.

seems my chart was not updated for today. Tether market cap now 74B, down from 83B peak 2 weeks ago.

In 2018 before the capitulation USDT had a 30% drop in market cap. We are 11% down, watching for the 61B-68B range now.

Generally speaking less tether means less buying interest from big players. It’s also a derisk strategy for when shit is about to go haywire.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 18, 2022, 01:45:21 AM
Quote from: Mayday on May 17, 2022, 11:58:38 PM
seems my chart was not updated for today. Tether market cap now 74B, down from 83B peak 2 weeks ago.

In 2018 before the capitulation USDT had a 30% drop in market cap. We are 11% down, watching for the 61B-68B range now.

Generally speaking less tether means less buying interest from big players. It’s also a derisk strategy for when shit is about to go haywire.


I hope it does a UST, I've taken out many 5 year loans using Btc as collateral for usdt and then converting to $$ on an exchange.
If USDT was to trade at 10cents I'd buy the required tokens to close out my loan. In order to close out the loan, you have to pay in tokens that were issued to you.

I don't see USDT collapsing even with up coming regulation.  Even if they did one theory would be people buying into btc on the way down. I don't see that either.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 18, 2022, 03:11:22 AM
Quote from: Theoak* on May 18, 2022, 01:45:21 AM

I hope it does a UST, I've taken out many 5 year loans using Btc as collateral for usdt and then converting to $$ on an exchange.
If USDT was to trade at 10cents I'd buy the required tokens to close out my loan. In order to close out the loan, you have to pay in tokens that were issued to you.

I don't see USDT collapsing even with up coming regulation.  Even if they did one theory would be people buying into btc on the way down. I don't see that either.

No, Not a collapse.

It’s a signal that money to buy coins (USDT) is being redeemed and removed from market.

On chain shows thousands more BTC loaded onto exchanges.

If we have less USDT and more BTC one could think we are going to see a dump in price.

The 4hr chart has enough in it right now to belt BTC. Have to wait and see. Market maker could send it up instead and try to squeeze more blood.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 18, 2022, 04:20:39 AM
Target getting wrecked pre market after announcing they are cutting their profit outlook.

Just like I have banged on about, consumer market is allergic to raising prices and are now paying the price due to stock outs and absorbing supplier price increases.

No inventory = revenue drop
Not raising prices to consumers fast enough or high enough = profit drop

Wrecking ball hitting home now as they’ll all adjust outlooks one by one. Then some smart bottoms will realise if they raise prices high enough in Q4 they won’t run out of inventory :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 18, 2022, 04:56:52 AM
Quote from: Mayday on May 18, 2022, 04:20:39 AM
Target getting wrecked pre market after announcing they are cutting their profit outlook.

Just like I have banged on about, consumer market is allergic to raising prices and are now paying the price due to stock outs and absorbing supplier price increases.

No inventory = revenue drop
Not raising prices to consumers fast enough or high enough = profit drop

Wrecking ball hitting home now as they’ll all adjust outlooks one by one. Then some smart bottoms will realise if they raise prices high enough in Q4 they won’t run out of inventory :D

Beat me to the punch on Target. So, I’ll go with this, worst performing Industrial Industry: Building products. Doesn’t bode well for the housing market.

Also, Target says they saw the biggest slowdown in apparel and home goods. Like the saying goes, you can wear last year’s clothes but you can’t eat last year’s food.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 18, 2022, 05:34:39 AM
Quote from: Thin Lizzy on May 18, 2022, 04:56:52 AM
Beat me to the punch on Target. So, I’ll go with this, worst performing Industrial Industry: Building products. Doesn’t bode well for the housing market.

Also, Target says they saw the biggest slowdown in apparel and home goods. Like the saying goes, you can wear last year’s clothes but you can’t eat last year’s food.

Haha I was hoping to Beat you  :D

Housing is wrecked pretty bad. Here on prison island the co-owner of the  largest home builder off’d himself and now the company has administrators going in. All builders here in the same boat with fixed price contracts but then supply delays, weather delays and suddenly prices are 30%+ and they got caught out. I think we are actually ahead of the US here.

Some builders simply hit up owners for 70k or we can’t complete and wrecked. People borrowed to the max, don’t have 70k cash lying around so they get wrecked.

On a crypto note, approaching a crossroad in the coming few days. Either rally up hard or go down hard.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 18, 2022, 07:57:41 AM
Quote from: Mayday on May 18, 2022, 05:34:39 AM
Haha I was hoping to Beat you  :D

Housing is wrecked pretty bad. Here on prison island the co-owner of the  largest home builder off’d himself and now the company has administrators going in. All builders here in the same boat with fixed price contracts but then supply delays, weather delays and suddenly prices are 30%+ and they got caught out. I think we are actually ahead of the US here.

Some builders simply hit up owners for 70k or we can’t complete and wrecked. People borrowed to the max, don’t have 70k cash lying around so they get wrecked.

On a crypto note, approaching a crossroad in the coming few days. Either rally up hard or go down hard.

This is a real estate trust company that was out-performing the market but has tanked badly in the past month giving back all the past year’s gains.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 18, 2022, 04:56:27 PM
Quote from: Mayday on May 17, 2022, 10:22:15 PM
It was on Twitter under his own Twitter handle.

Vitalik sold the top, well it was $4,100.

The reality of generation 1 crypto is this…… it’s at the top of the S curve and all these OGs are likely going to abandon Gen 1 and start Gen 2 👀

There is enough data now to see the retail peak was April 2021 at 64.5k. That’s a 3.3x from 2017 peak and guess what? ETH did the exact same 3.3x. ETH only performed well from its bottom but did the same expansion from its peak.

BTC 2025 target is 96k. If it can break 100k then maybe 120-130. That’s a 1.5x and at best a 2x. You think these OGs will hang around for a 2x after making 10,000x? Nope.

The best thing possible right now is for an 11k BTC price because it means OGs and developers can buy the bottom cheap and still make a nice 10x or so return. ETH @ $600 is a great reason for Vitalik to stay. Give Vitalik a 2k ETH with a 7k peak with 3yrs of watching his project sell jpegs of rocks and he will walk and start on something else.

The alternative is he starts a new project and from scratch makes 10,000x vs 2x in the same time and will have a better performing platform than ETH.
I am not seeing a source that claims he sold most of his ETH at $4,100. The Ethereum foundation sold 70,000 Ethereum back in 2018 I believe at a price of around $1,400. I think Vitalik moved around 300,000 ETH to a cold storage wallet a year or so ago. I am sure he has sold some Ethereum over the years but not his entire stack.

If Vitalik walks on Ethereum that would just mean he is a quitter and abandoning a community that invested in it. I doubt he would do that. He would lose credibility if he did that. Ethereum is his creation along with his co-founders and I think he wants to see it through at least to the point of the merge and the solving of the transaction speed issues. He was speculating on getting Ethereum to almost 1 million transactions per second.

After that he could probably step back and move on to other projects. But he would probably still be involved with it for an undetermined time into the future. Hopefully Ethereum can function without his involvement if need be. There are many talented, intelligent developers involved with Ethereum. If Ethereum's survival depends on Vitalik alone it would confirm Jack Dorsey's recent statement about the "many single points of failure" that he sees with Ethereum. So it would be best to get the Ethereum project to a point where a single human does not affect the survivability of the project.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 18, 2022, 05:27:40 PM
If Vitalik was in it for the money he could have sold the $6 billion worth of shiba that was in his wallet.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 19, 2022, 03:59:41 AM
Quote from: Flexacon on May 18, 2022, 05:27:40 PM
If Vitalik was in it for the money he could have sold the $6 billion worth of shiba that was in his wallet.

He did.

He dumped his ETH. He dumped the Shiba.

Dude is looking for the exit. Look at LUNA founders who all dumped and scammed users then are launching a new coin lol.

ETH to 7,600 in 2025. You have millions at that point dude, start enjoying your gains, life and be happy. You have done awesome, be proud!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 19, 2022, 09:31:56 AM
Quote from: Mayday on May 19, 2022, 03:59:41 AM
He did.

He dumped his ETH. He dumped the Shiba.

Dude is looking for the exit. Look at LUNA founders who all dumped and scammed users then are launching a new coin lol.

ETH to 7,600 in 2025. You have millions at that point dude, start enjoying your gains, life and be happy. You have done awesome, be proud!

He sent his ETH to a different wallet, probably for more privacy and to sell when needed. No one really knows.

He burnt most of the shiba (sent a bit to charities in India). Over $5 billion thrown away though. Never trust people in crypto, but you can trust autism. Only an autist is throwing away that kinda money.

Do kwon is the opposite. Luna was actually his second pump and dump. He did another previously under a Rick and Morty alias. I was hoping he'd pump the crypto market, crashing it is kinda a gift too for those in cash.

"start enjoying your gains, life and be happy. You have done awesome, be proud!" This is too positive bro, we don't do that here on getbig  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on May 19, 2022, 12:13:51 PM
Man, anyone else noticing the ass whooping the SEC is getting from its case against Ripple?

Ripple has a masterful team of lawyers (Matthew Solomon is a beast). With the way Ripple is ragdolling the SEC, I wouldn't be surprised if this sets a precedent that helps the crypto industry tremendously.

I've sure as hell loaded up on some $XRP.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on May 19, 2022, 12:15:39 PM
Quote from: OneMoreRep on May 19, 2022, 12:13:51 PM
Man, anyone else noticing the ass whooping the SEC is getting from its case against Ripple?

Ripple has a masterful team of lawyers (Matthew Solomon is a beast). With the way Ripple is ragdolling the SEC, I wouldn't be surprised if this sets a precedent that helps the crypto industry tremendously.

I've sure as hell loaded up on some $XRP.

"1"

Hell yeah. I hold quite a bit of Xrp.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 19, 2022, 08:20:51 PM
Quote from: OneMoreRep on May 19, 2022, 12:13:51 PM
Man, anyone else noticing the ass whooping the SEC is getting from its case against Ripple?

Ripple has a masterful team of lawyers (Matthew Solomon is a beast). With the way Ripple is ragdolling the SEC, I wouldn't be surprised if this sets a precedent that helps the crypto industry tremendously.

I've sure as hell loaded up on some $XRP.

"1"

You can't just create 100billion coins out of thin air and issue it to yourself and your friends while holding 50billion tokens in reserve. Then start selling it on the market while using celebrities also to push your coin and ultimately dumping on retail. You're crossing and ethical and legal line. What case does XRP have? The law is pretty much black and white in that regard, it's a security and should be delt like one along with all the other shitcoins. 

It missed its bullrun while even dog coins were hitting ATHs. Once SEC classifies it a Security that will pave the way for all other shitcoins to be put under the scope. If I'm right, where will the money flow into?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 19, 2022, 08:48:39 PM
Quote from: Flexacon on May 19, 2022, 09:31:56 AM
He sent his ETH to a different wallet, probably for more privacy and to sell when needed. No one really knows.

He burnt most of the shiba (sent a bit to charities in India). Over $5 billion thrown away though. Never trust people in crypto, but you can trust autism. Only an autist is throwing away that kinda money.

Do kwon is the opposite. Luna was actually his second pump and dump. He did another previously under a Rick and Morty alias. I was hoping he'd pump the crypto market, crashing it is kinda a gift too for those in cash.

"start enjoying your gains, life and be happy. You have done awesome, be proud!" This is too positive bro, we don't do that here on getbig  ;D

I heard about the wallet move but Word was he sold at 4,100. regardless of how much he sold, he sold which is the point.

I didn’t know that about DK having a prior rugpull. Crazy and in for his 3rd go on the new fork.

Grayscale premium getting even worse. My feed full of ‘rally is imminent’ talk but that exactly how it felt at 38k. It’s definitely decision time though, either got to go up and maybe to 40k or dump.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 19, 2022, 11:32:34 PM
Quote from: Mayday on May 19, 2022, 03:59:41 AM
He did.

He dumped his ETH. He dumped the Shiba.

Dude is looking for the exit. Look at LUNA founders who all dumped and scammed users then are launching a new coin lol.

ETH to 7,600 in 2025. You have millions at that point dude, start enjoying your gains, life and be happy. You have done awesome, be proud!
He burned most of the Shiba they gave him and the rest was donated to India.

https://techcrunch.com/2021/05/12/vitalik-buterin-donates-1-billion-worth-of-meme-coins-to-india-covid-relief-fund/

Looks like he moved 30,000 ETH out of around 320,000 ETH to another wallet recently.

https://www.fxstreet.com/cryptocurrencies/news/can-ethereum-price-hold-as-vitalik-buterin-sells-30-000-eth-202205170811
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 20, 2022, 01:00:34 AM
Quote from: Mayday on May 19, 2022, 03:59:41 AM
He did.

He dumped his ETH. He dumped the Shiba.

Dude is looking for the exit. Look at LUNA founders who all dumped and scammed users then are launching a new coin lol.

ETH to 7,600 in 2025. You have millions at that point dude, start enjoying your gains, life and be happy. You have done awesome, be proud!

Still think Eth will flip Btc market cap?

Seems like every month an "Eth killer" is propping  up taking a piece  of the pie.

Yet not one coin  has come close to challenging BTC as store of value. Slowly but surely btc is solving scalability and smart contracts on layer 2.

Funny quote I seen the other day "Eth is the mother asshole from where all shitcoins are birthed from.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 20, 2022, 05:06:24 AM
Quote from: Theoak* on May 20, 2022, 01:00:34 AM
Still think Eth will flip Btc market cap?

Seems like every month an "Eth killer" is propping  up taking a piece  of the pie.

Yet not one coin  has come close to challenging BTC as store of value. Slowly but surely btc is solving scalability and smart contracts on layer 2.

Funny quote I seen the other day "Eth is the mother asshole from where all shitcoins are birthed from.

Well We’re trying to reset after a top so it’s a case of what does the bottom look like as nothing is flipping anything right now.

 ETHBTC was 0.02 before the last bullrun and now it’s 0.067 After a year from retail user peak, that’s a big difference and shouldn’t be dismissed easily.

Bitcoin narrative as store of value seems to be accepted which is great. That’s all it needs to do because it’s too slow for anything else. Be good at storing value by being less volatile, just means you get less gains.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 20, 2022, 08:49:31 AM
Tesla breaking a triple bottom.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Spike on May 20, 2022, 09:26:49 AM
spent the rest of my BTC on some anabolics and igf- invest in yourself when the market bottoms out
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: deadz on May 20, 2022, 01:47:26 PM
ALL gamblers eventually lose.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 20, 2022, 01:49:16 PM
Strong late reversal.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 20, 2022, 01:52:21 PM
That’s been happening since the start of the downturn. When the market breaks support or an implied support level: 100/200 day moving average, S&P 4000, and others, it goes back an forth a few times. It’s a way for the Market Makers to work traders. But, the end result so far has been new lows::


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 20, 2022, 03:10:40 PM
Quote from: Thin Lizzy on May 20, 2022, 01:52:21 PM
That’s been happening since the start of the downturn. When the market breaks support or an implied support level: 100/200 day moving average, S&P 4000, and others, it goes back an forth a few times. It’s a way for the Market Makers to work traders. But, the end result so far has been new lows::

I woke up at 230am, checked US market, bloodbath, back to sleep and wake up at 630am, checked US market, green, LoL.

Tesla getting some hate, it’s got a loooong way back to 2020 price. If you can’t build anything you can’t deliver anything you can’t invoice anything but hey, we’re all gunna have an electric car each during WW3. Tesla share price should absolutely get smashed to oblivion, send to $165, send Apple to Hades aswell.

BTC wick becomes the future daily close, 25.5k to be a new daily grind soon. 19k doesn’t look so bad if we’re at 25k daily price—> Death by a thousand paper cuts.

Monkey virus starting to trend on prison island media. The WHO have all the power now. Certainly feels like a deflationary event type of setup going to happen here. March 2020 repeat?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 20, 2022, 04:55:11 PM
Quote from: Theoak* on May 20, 2022, 01:00:34 AM
Still think Eth will flip Btc market cap?

Seems like every month an "Eth killer" is propping  up taking a piece  of the pie.

Yet not one coin  has come close to challenging BTC as store of value. Slowly but surely btc is solving scalability and smart contracts on layer 2.

Funny quote I seen the other day "Eth is the mother asshole from where all shitcoins are birthed from.

Basically Bitcoin wants to be a bit more like Ethereum and Ethereum wants to be a bit more like Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 21, 2022, 08:04:36 PM
Remember the coinbase FUD last week. Coinbase founder who sold shares during it's IPO peak and through most of last year just bought it all back during the dip. Expecting more of this in the markets.

https://us.yahoo.com/finance/news/coinbase-co-founder-fred-ehrsam-162250113.html

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 21, 2022, 09:25:45 PM
Quote from: Flexacon on May 21, 2022, 08:04:36 PM
Remember the coinbase FUD last week. Coinbase founder who sold shares during it's IPO peak and through most of last year just bought it all back during the dip. Expecting more of this in the markets.

https://us.yahoo.com/finance/news/coinbase-co-founder-fred-ehrsam-162250113.html

Another scam, as if an 80% drop is a “Dip.” 😂😂


Coinbase Co-Founder Fred Ehrsam Buys the Dip,

https://finance.yahoo.com/news/coinbase-co-founder-fred-ehrsam-162250113.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 22, 2022, 06:36:48 PM
Luna promised 20% on staked UST?

Here is another shit coin that I've called a scam from the outset promising 40% APY.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 23, 2022, 05:58:30 AM
That the financial media is still pimping this dog tells you we still have more way to go down.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on May 23, 2022, 12:00:57 PM
Why do people sell when it is tanking?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 23, 2022, 02:37:40 PM
Snap getting raped after hours.  FB and Goog getting hit as well.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on May 23, 2022, 03:50:46 PM
Quote from: Humble Narcissist on May 23, 2022, 12:00:57 PM
Why do people sell when it is tanking?

To limit losses and have capital to buy it back.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on May 23, 2022, 05:26:13 PM
Down she goes.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on May 24, 2022, 12:30:32 AM
Quote from: Grape Ape on May 23, 2022, 03:50:46 PM
To limit losses and have capital to buy it back.
Sell low and buy high is a terrible strategy unless poverty is the goal.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on May 24, 2022, 04:30:05 AM
Quote from: Humble Narcissist on May 24, 2022, 12:30:32 AM
Sell low and buy high is a terrible strategy unless poverty is the goal.

The idea is to sell low and buy lower, not high.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 24, 2022, 05:16:27 AM
Quote from: Thin Lizzy on May 23, 2022, 02:37:40 PM
Snap getting raped after hours.  FB and Goog getting hit as well.

Everyone gunna get hit with the axe.

US Money Supply is flat 5 months into this year. Pretty amazing it’s holding up which suggests liquidity is still here but being parked outside of markets.

UK PMI got released and was 15% under the forecast. It went 59 then 58 then 51, fucking wrecking ball. The key level is 48, below that it’s straight to Hades.


Just like inflation was under forecasted, deflation will also be under forecasted and the speed under estimated. US futures already red but still, we haven’t seen a break below the lows. We need to seep that sell off.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on May 24, 2022, 08:14:27 AM
Has Bitcoin hit $5k yet? This thread title might hold true in the near future.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 26, 2022, 01:26:24 AM
Finally alts starting to bleed with ETH leading the charge.

Broken below the previous low so range bottom is 0.05 which is approx 1,650.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on May 26, 2022, 05:34:52 AM
Without $5 trillion is free government cash, how will crypto go back up to the pandemic peaks?

Answer: it won’t ever until free cash is sent out to the masses again.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: GymnJuice on May 26, 2022, 08:32:42 AM
Quote from: El Diablo Blanco on May 26, 2022, 05:34:52 AM
Without $5 trillion is free government cash, how will crypto go back up to the pandemic peaks?

Answer: it won’t ever until free cash is sent out to the masses again.

Do you think if there is rampant inflation more people might look into it as an alternative method of payments for day to day things? I don't use it but I could see that happening.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 26, 2022, 09:02:37 AM
Perhaps at some point in the future but currently it’s way too volatile.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on May 26, 2022, 11:25:50 AM
Quote from: GymnJuice on May 26, 2022, 08:32:42 AM
Do you think if there is rampant inflation more people might look into it as an alternative method of payments for day to day things? I don't use it but I could see that happening.

Nope. Not at this rate.  Spending is going to go down big time as rates continue going up.  It’s a shift in balance. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: deadz on May 26, 2022, 03:49:07 PM
This thread is hilarious. Wannabes, losers and dreamers thinking bitcoin, bitcoin, bitcoin. LOL!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 26, 2022, 05:59:53 PM
Quote from: deadz on May 26, 2022, 03:49:07 PM
This thread is hilarious. Wannabes, losers and dreamers thinking bitcoin, bitcoin, bitcoin. LOL!!

Some of us saw the scam:


Quote from: Thin Lizzy on March 06, 2021, 06:01:01 PM

Wall Street has always been a casino. Speculative schemes have been going on  before our grandparents were born.

You might be right but it smells like a pump and dump to me. My GUESS is that it eventually crashes AGAIN, goes back into the doldrums, and we don’t hear from the bitcoin bugs for a while.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 26, 2022, 06:57:26 PM
Quote from: El Diablo Blanco on May 26, 2022, 05:34:52 AM
Without $5 trillion is free government cash, how will crypto go back up to the pandemic peaks?

Answer: it won’t ever until free cash is sent out to the masses again.

Yes.

My strategy factored this deflationary to reset CPI before the Fed can go again.

Recession in Q2. Plebs get crushed in Q3, Stimmy bucks in Q4 and we go again in 2023 for the next inflationary wave is my plan.

Ive been good on the economic side but have got the market sell off timing wrong. hence the saying markets can remain irrational longer than you can remain solvent.

Anyhoo, I’m just waiting for the bottom.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 27, 2022, 05:57:22 AM
BTC the bottom has to look different just like the top did.

When we came down to 38k from 48k everyone said we would rally. It then went 36k, we will rally, 34k we will rally, 32k we will rally, 30k we will rally, 28k-29k the bottom is in and we will rally……

Now imagine 25k, we will rally, 23k, 21k, 19k, the bottom is in, 17k ummmm, 15k oooooo fffffuark…..

A slow bleed of stepping down allows good distribution and giving people ‘hope’ allows people to stay in longer and ‘buy the dip’ only to sell later when it keeps dipping.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 27, 2022, 08:10:32 AM
Here’s where I see the eventually bottom for Ether:

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on May 27, 2022, 10:32:25 AM
lizzy, i would argue the bottom is higher
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 27, 2022, 11:47:44 AM
Quote from: FitnessFrenzy on May 27, 2022, 10:32:25 AM
lizzy, i would argue the bottom is higher

You might be right but when you reach the latter part of a pump and dump the circus has packed up and moved to another town and all that’s left are the suckers holding the bag and little by little they sell as the price moves lower.

Look at the Bitcoin ETF, a dog from the word go:

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 27, 2022, 04:10:53 PM
Quote from: Thin Lizzy on May 27, 2022, 11:47:44 AM
You might be right but when you reach the latter part of a pump and dump the circus has packed up and moved to another town and all that’s left are the suckers holding the bag and little by little they sell as the price moves lower.

Look at the Bitcoin ETF, a dog from the word go:

Bear market rally on stocks is nice. My feed was instantly bullish, bottom is in blah blah. People gunna get rugged hard on this one as Fed has not done a pivot yet. Rate rises and recession all still yet to play out, this rally is miles to early.

Pissing in the wind S&P to tag 4260, deviation to 4300 perhaps and then nuke down to 3600. What say you?

Crypto price point is using ETHBTC. It will break below 0.05 and head to 0.03 or so for next level. If that’s at 20k then ETH price is $600.

If BTC gets to 15k then the ratio might be 0.02 which is $300 but that’s being a crazy worst case scenario.

For Now I gather BTC will rallly like the S&P did and head towards 38k then gets nuked hard.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 27, 2022, 05:29:01 PM
One of the stocks Bloomberg cited as a “Notable Mover” was Rivian.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 27, 2022, 05:30:04 PM
Looks impressive until you pan out a bit:

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 28, 2022, 05:18:06 PM
Looking at BTC dominance and the structure behaviour still hasn’t changed it’s ways. We had a good thing going on with alts bleeding out but now we have degenerates going long 100x on alts in preparation for a Monday rally……. Dominance drops from 47% to 46%.

Dominance is an oscillating trend. Starting 70%+. Drop to Low 39%. Rise to Peak 47%.

From the first bottom BTC got back to 47% then price rose 20% more while alts blasted upwards bringing the dominance back down to 39% low.

From the second bottom BTC got back to 47% (near enough) but price had peaked while alts blasted upwards bringing the dominance back down to 39% low.

This is the 3rd wave with BTC at 47% dominance…… meaning we are already at the peak of the wave and alts would like to move up. BUT we face the conundrum of the 2nd wave indicating that the last time the wave had peaked, BTC was already at peak price…….






Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 30, 2022, 04:23:56 AM
Reversal printing on BTC.

My feed is full of spastics calling for ATH.

I see 38k at the top. I’m not taking any positions, I’m just waiting for the bottom.

The bear market rally in shares is based on front running the Fed which always ends in tears therefore price goes lower than today.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 12, 2022, 04:34:39 AM
BTC 27.5k and ETHBTC lost support and working towards lows.

BTC to tap 25.5k. ETH and alts in a bloodbath right now.

I’m still patiently waiting for the bottom, it isn’t in yet.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on June 12, 2022, 05:11:13 AM
Lots of people will be taking huge losses on their tax returns next year.  Welcome to reality after the gov fucked the economy royally by giving away $5 trillion in Monopoly money. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: GymnJuice on June 12, 2022, 10:24:36 AM
Quote from: El Diablo Blanco on June 12, 2022, 05:11:13 AM
Lots of people will be taking huge losses on their tax returns next year.  Welcome to reality after the gov fucked the economy royally by giving away $5 trillion in Monopoly money.

Essentially they bought votes through pandering, special interests etc. The average Joe loses.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on June 12, 2022, 10:39:39 AM
Face it the circus is packing up and moving to another town. Better off working the short side at this point:





Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on June 12, 2022, 10:43:11 AM
It will be interesting to see how low Tesla eventually goes. I’ve never seen a stock with this big of a market cap that’s so manipulated.

I’d bet it goes down to least 300 probably lower.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 12, 2022, 03:44:13 PM
Quote from: El Diablo Blanco on June 12, 2022, 05:11:13 AM
Lots of people will be taking huge losses on their tax returns next year.  Welcome to reality after the gov fucked the economy royally by giving away $5 trillion in Monopoly money.

The story goes, someone had a few mill in Luna then sold into UST and staked it. UST now 0.03 and the person has a massive tax bill outstanding from the LUNA sale which they can’t pay because their stable coin lost 97%.

When I did my sale For last tax year I kept the money aside in my bank account. So many get wrecked not doing this.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 12, 2022, 04:07:38 PM
Quote from: Thin Lizzy on June 12, 2022, 10:43:11 AM
It will be interesting to see how low Tesla eventually goes. I’ve never seen a stock with this big of a market cap that’s so manipulated.

I’d bet it goes down to least 300 probably lower.

Historic PE ratio on equities is something like 15 when we get a reset.

Some of them are already there. S&P500 is at 21 so not really that far off the Fed’s target. Apple 22, Facebook 22, Google 20. Then we have Tesla at 97 (fkn lol) and Amazon at 55.

Nobody is affording a Tesla each and Amazon already said they are downsizing not just staff but warehousing aswell. At some point they’ll be diced up and that will help the S&P correct towards a P/E ratio of 15.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 12, 2022, 04:45:45 PM
Quote from: Mayday on June 12, 2022, 04:34:39 AM
BTC 27.5k and ETHBTC lost support and working towards lows.

BTC to tap 25.5k. ETH and alts in a bloodbath right now.

I’m still patiently waiting for the bottom, it isn’t in yet.

This piece of shit didn't even bounce this time  >:(

If btc (and eth) doesn't bounce soon to mid 30k I've basically wasted the last 6 months on this :'(
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 12, 2022, 07:44:33 PM
Quote from: Flexacon on June 12, 2022, 04:45:45 PM
This piece of shit didn't even bounce this time  >:(

If btc (and eth) doesn't bounce soon to mid 30k I've basically wasted the last 6 months on this :'(

Not wasted if you learned.

Price now…… 25.6k. Fkn BOOYAH!

We are in economic land where and fiscal and monetary policy take over. Don’t get burned otherwise you have no cash to buy which is infinitely important right now.

CPI needs to go down, therefore rates need to go up, unemployment needs to go up. Equities and risk sell off to reset levels. THEN we can go again.

For crypto structure Until we see BtC dominance moving towards 58% we continue to move downwards. We are still at 48% as many alts refuse to sell off. So we go lower and won’t stop until they capitulate.

Celsius gunna rug pull 👀
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 13, 2022, 12:28:22 AM
I mentioned here earlier about Celsius going to rug pull……

They just sent out an email saying freezing all withdrawals, swaps and trades between accounts.

people who staked with them just got wrecked because not only can you not access your coins anymore but you don’t even know if you will ever get them back. If they go under, bye bye coins and you lose the lot.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: epic is back on June 13, 2022, 12:54:18 AM
can any of you btc holders explain how you turn it into usd and have a account full of cash that you can actually spend?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 13, 2022, 01:28:44 AM
Quote from: epic is back on June 13, 2022, 12:54:18 AM
can any of you btc holders explain how you turn it into usd and have a account full of cash that you can actually spend?

Crypto exchange. Sell from BTC to USD. Withdraw from exchange to bank account. Spend.

All traceable and taxable.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 13, 2022, 02:01:16 AM
BTC 24.1k

BTC dominance at 48.3%, barely flushed anyone out……
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 13, 2022, 02:15:37 AM
Quote from: Mayday on June 13, 2022, 02:01:16 AM
BTC 24.1k

BTC dominance at 48.3%, barely flushed anyone out……
People selling now are morons. The dollar is not stronger because shit is getting more expensive everyday. And we saw the inflation numbers. So why would you want to hold depreciating dollars? Maybe they think they can get more cryptos at the bottom. Problem is you don't know where that is. If I knew where the bottom was I'd sell with the aim of getting more. But now when there is blood in the streets is the worse time to sell. Best time to sell is when there is a sea of green, if you really must sell.

The crypto community as a whole should band together and just refuse to sell anything. I personally have not sold anything. I've said before I am willing to ride it down to zero if need be. I'd rather hodl to zero than sell and see it go to the moon. That's just me. And my Ethereum is locked up in staking anyways so I literally can't sell. This is one reason why staking in crypto is important. Let's see how low it goes.

I do think it is pathetic that people are panicking and selling.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 13, 2022, 02:20:06 AM
Quote from: Mayday on June 13, 2022, 12:28:22 AM
I mentioned here earlier about Celsius going to rug pull……

They just sent out an email saying freezing all withdrawals, swaps and trades between accounts.

people who staked with them just got wrecked because not only can you not access your coins anymore but you don’t even know if you will ever get them back. If they go under, bye bye coins and you lose the lot.
They are trying to prevent a run on the bank. Tradfi banks would do the exact same thing. Wait for things to cool down and let it trickle out if it must. Like a pressure relief valve.

If things recover I will eventually do solo Ethereum staking. Not going to trust a Coinbase or Celsius with staking anymore, unless they provide guaranteed protections. If a Storage Facility goes bankrupt can they seize the contents of their storage units? Hell no! So why can't crypto assets have the same protections?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on June 13, 2022, 02:36:58 AM
https://finance.yahoo.com/quote/BTC-USD/

Crypto tanking. So much for a hedge against inflation.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 13, 2022, 02:59:02 AM
Quote from: obsidian on June 13, 2022, 02:20:06 AM
They are trying to prevent a run on the bank. Tradfi banks would do the exact same thing. Wait for things to cool down and let it trickle out if it must. Like a pressure relief valve.

If things recover I will eventually do solo Ethereum staking. Not going to trust a Coinbase or Celsius with staking anymore, unless they provide guaranteed protections. If a Storage Facility goes bankrupt can they seize the contents of their storage units? Hell no! So why can't crypto assets have the same protections?

Ahhhh yes, decentralised finance where they freeze funds if people sell…. 👀 

The economic Deflationary wave trumps anything crypto wants to do. Been this way for 6 months but people refused to believe it.

Liquidation path leads to 21k.

BTC @ 23.8k now yet dominance dropping to 47.7%. This is the liquidation path, people YOLO into longs and provide sell pressure.

Until we see Bitcoin regain market control the bottom is not in.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 13, 2022, 04:30:06 AM
Current NFT floor prices:

Jpeg of a rock US210k
Jpeg of an ape US85k
Jpeg of a punk US60k

Wouldn’t it be funny if this was the bottom and a Jpeg of a rock drawn in MS Paint was actually worth US210k and then millions in a couple of years from now?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 13, 2022, 05:22:13 AM
Binance just halted withdrawals temporarily due to a stuck transaction causing a backlog

LoL love the excuses. Surely Coinbase follows soon?

People YOLOing hard into alts hard now. It’s LUNA all over again but on the full market. People on my feed getting bullish calling the bottom yet Bitcoin has lost dominance even at 23.7k. Crazy, price will go down until we see that break upwards.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: 2020 Olympia on June 13, 2022, 06:34:56 AM
So... when do I buy bitcoin? 25k now or wait? Will it go lower? How low? Is it a smart move?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on June 13, 2022, 07:10:31 AM
Quote from: 2020 Olympia on June 13, 2022, 06:34:56 AM
So... when do I buy bitcoin? 25k now or wait? Will it go lower? How low? Is it a smart move?

Helps if you just read the thread.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on June 13, 2022, 08:22:50 AM
Finally the thread title is accurate again - "Bitcoins - about to hit $5,000 per coin today!" lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on June 13, 2022, 08:47:36 AM
BTC $ 23,236.94
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on June 13, 2022, 09:47:00 AM
At what temp does it take to meltdown a Bitcoin ? Apparently mid 90’s. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: epic is back on June 13, 2022, 09:51:10 AM
all that in english?

so again how do you  convert btc into us dollar?

you Exhange btc which is nothing, backed by nothing, like a giant email, blockchain

then somome buys it, and gives you us currency?  one is insured one is not,

i dont get how its a fair echange
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: sync pulse on June 13, 2022, 10:04:41 AM
Quote from: sync pulse on May 01, 2022, 07:30:20 AM
As I understand it...Bitcoin derives it's value from the "Block Chain" process...A never ending process of computers running a program somewhere in the world...They call this "Mining"...What would happen to Bitcoin (and the money put into it) if after a time all the mining operations start to taper off and then stop altogether?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on June 13, 2022, 10:07:16 AM
The government is going to wish they never decided to tax crypto. Next year they will have so many people writing off losses they are going to be fucked when they see how little a lot of people will be paying on their tax returns.   They got greedy taxing it when going up but now will face the consequences.  I bet before the end of year that they will put a limit to the max crypto losses you can take.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: epic is back on June 13, 2022, 11:19:43 AM
no one files anymore

not after whats happening now
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: 2020 Olympia on June 13, 2022, 11:37:27 AM
Quote from: Grape Ape on June 13, 2022, 07:10:31 AM
Helps if you just read the thread.
not going to do that...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 13, 2022, 12:09:09 PM
Quote from: a_pupil on June 13, 2022, 11:33:33 AM
Is it a smart move to take out low interest loans during low interest times, invest and hodl through bad patches then rinse and repeat?

It’s best to follow the economic waves. They move before interest rates move.

We’ve been in a deflationary wave for 7 months now and we still have 8.6% CPI. We need to see CPI back under control at 3% before the wave changes. What will fuck with everyone is in Q3-Q4 CPI will start decreasing but prices will remain high.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 13, 2022, 04:06:18 PM
BTC 22.5k and is still losing dominance @ 46.6%.

We are approaching max spastisism as we near 20k. The closer we get, the more spastics ‘long the bottom’ the more sell pressure is added as they get liquidated.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 13, 2022, 04:25:02 PM
Quote from: Mayday on June 13, 2022, 04:06:18 PM
BTC 22.5k and is still losing dominance @ 46.6%.

We are approaching max spastisism as we near 20k. The closer we get, the more spastics ‘long the bottom’ the more sell pressure is added as they get liquidated.
22k now.

I have shut most of my Ethereum rigs off because the difficulty is still high and the yields low. Waiting for all the miners to quit and then I will start mining Ethereum again, perhaps in 3 weeks. Unless the difficulty stays the same. Then I won't mine. Mining has been my way to DCA into Ethereum but right now it is cheaper to buy Ethereum than mine it. Difficulty needs to drop a lot. Looks like they are going to take their time before merging. That's fine. In current market conditions good news will just be wasted. Better to take time now and work out all the bugs before the merge.

Some DCA advice from Alex Becker:

"Gents- I have to stress. Its EXTREMELY unlikely we are not going lower. Bitcoin LIKELY has another 20-30% to give. Top 10 coins another potential 40-60%. THE DIFFERENCE is we are 70-90% off all time high. We are NOT buying the anywhere near the peak that have caused these massive losses. We are buying lows that will LIKELY provide multiple Xs next bull run YET deliver some losses short term. The goal here is not to buy the bottom and lose zero. Its to consistently invest in projects at prices that are 1/5th to 1/20th of what they will be in in 2-3 years. Please consider and remember any thing you put in right now will likely go lower, this is why we DCA."

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 13, 2022, 04:39:11 PM
I did some rough calculations and based on my electrical cost and Ethereum mining yield the past few 7-8 months I've been buying Ethereum at a price of around $1,273. Before EIP1559 and when the mining difficulty was much lower I was able to buy Ethereum via mining for as low as $150 per 1 ETH.

Mining sucks right now. However even at these low yields and prices it is almost break even compared to just buying the Ethereum. Interested to see how the difficulty adjusts in the next few weeks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Marty Champions on June 13, 2022, 04:48:06 PM
Quote from: obsidian on June 13, 2022, 04:39:11 PM
I did some rough calculations and based on my electrical cost and Ethereum mining yield the past few 7-8 months I've been buying Ethereum at a price of around $1,273. Before EIP1559 and when the mining difficulty was much lower I was able to buy Ethereum via mining for as low as $150 per 1 ETH.

Mining sucks right now. However even at these low yields and prices it is almost break even compared to just buying the Ethereum. Interested to see how the difficulty adjusts in the next few weeks.
i have plenty if iron and salt water for batterys to power your mining my nikka
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: epic is back on June 13, 2022, 04:57:52 PM
Quote from: Marty Champions on June 13, 2022, 04:48:06 PM
i have plenty if iron and salt water for batterys to power your mining my nikka

when the dollar goes all digital

then you want to trade your digital currency for it


uh oh
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 13, 2022, 04:58:25 PM
Quote from: Marty Champions on June 13, 2022, 04:48:06 PM
i have plenty if iron and salt water for batterys to power your mining my nikka
Thanks my nikka! Can it handle about 6000 watts 24 hours per day?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 13, 2022, 06:03:43 PM
Quote from: obsidian on June 13, 2022, 04:39:11 PM
I did some rough calculations and based on my electrical cost and Ethereum mining yield the past few 7-8 months I've been buying Ethereum at a price of around $1,273. Before EIP1559 and when the mining difficulty was much lower I was able to buy Ethereum via mining for as low as $150 per 1 ETH.

Mining sucks right now. However even at these low yields and prices it is almost break even compared to just buying the Ethereum. Interested to see how the difficulty adjusts in the next few weeks.

Yep, miners were already going under below 33k. Had some spastic on Twitter tell me there will be no miner capitulation because why would they sell…..

BTC dominance dropping further down to 45.9% now …..as BTC slapped 21.7k.

And people said we can’t get down to 11k…….

LUNA took 6 days to go from $109 to $0.000024. We are day 3.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 13, 2022, 06:58:17 PM
Be interested to see how much the raise interest rates this week and the effect it has on the market. Or is that already being priced in and we see a pump in all markets?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: jude2 on June 13, 2022, 07:06:33 PM
50 points is priced in and expected. If they do more it might be interesting.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 13, 2022, 07:11:02 PM
Quote from: Mayday on June 13, 2022, 06:03:43 PM
Yep, miners were already going under below 33k. Had some spastic on Twitter tell me there will be no miner capitulation because why would they sell…..

BTC dominance dropping further down to 45.9% now …..as BTC slapped 21.7k.

And people said we can’t get down to 11k…….

LUNA took 6 days to go from $109 to $0.000024. We are day 3.

There is a fair bit of support around 19/20K

I rolled some funds for a bounce from here,  but I'm out after that and will wait until October or bag hold.

(https://preview.redd.it/ojuqt1382h591.jpg?width=640&crop=smart&auto=webp&s=42b130eab6c54bebd535cc0e0f329972c85677eb)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on June 14, 2022, 03:01:49 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 14, 2022, 03:40:58 AM
Quote from: Theoak* on June 13, 2022, 06:58:17 PM
Be interested to see how much the raise interest rates this week and the effect it has on the market. Or is that already being priced in and we see a pump in all markets?

The sell off is because of the CPI print. Market believes 0.75% rate hike now.

If we get a 0.75% hike this week, market will nuke under the assumption July will also be 0.75%.

This would trigger the mass deflationary event that I always bang on about. We need this in order to reset and allow inflationary policies/outcome.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 14, 2022, 02:58:27 PM
Quote from: FitnessFrenzy on June 14, 2022, 03:01:49 AM


Great clip to watch. Enjoyed listening to the story. Thanks for posting.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 14, 2022, 03:06:39 PM
Forming a beautiful setup for crypto to be sent to Hades.

BTC price is 21.4K and degenerate alleyway spastics keep longing alts with the fury of a thousand Spartans.

BTC losing dominance and now 45.6%. As we move closer to 20k the intensity of moronic longs on high leverage gets higher as everyone ‘bought the bottom, knife grabbed, bought the dip’ for every coin other than the one that actually creates the entire market.

We go sub 20k now and into freefall as spot will dump like crazy as the first time below the previous ATH is achieved 👀

For anyone in alts just remember not only do you get the price drop but you also will be hit with the reset against BTC valuation. For example SOL is currently $28 but the correct value is $15. Therefore we go to $5…….



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on June 14, 2022, 03:41:45 PM
The Fed is an instrument of the Financial establishment. That the media goes on endlessly about the Fed speaks volumes, as if a bunch of dipshit academic economists are really running things😂

To use the Vegas analogy, this is the house:


Primary Dealers
Amherst Pierpont Securities LLC
ASL Capital Markets Inc.
Bank of Montreal, Chicago Branch
Bank of Nova Scotia, New York Agency
BNP Paribas Securities Corp.
Barclays Capital Inc.
BofA Securities, Inc.
Cantor Fitzgerald & Co.
Citigroup Global Markets Inc.
Credit Suisse AG, New York Branch
Daiwa Capital Markets America Inc.
Deutsche Bank Securities Inc.
Goldman Sachs & Co. LLC
HSBC Securities (USA) Inc.
Jefferies LLC
J.P. Morgan Securities LLC
Mizuho Securities USA LLC
Morgan Stanley & Co. LLC
NatWest Markets Securities Inc.
Nomura Securities International, Inc.
RBC Capital Markets, LLC
Societe Generale, New York Branch
TD Securities (USA) LLC
UBS Securities LLC.
Wells Fargo Securities, LLC


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 14, 2022, 10:52:22 PM
By the looks of it ETH at 800-900 is not looking far-fetched now.

Impossible to guess the bottom but I will be buying more ETH.

If it does hit approx 800 and eventually hits the ATH of 4800 in the next bull run that would be a 6X.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 15, 2022, 12:52:36 AM
Quote from: Griffith on June 14, 2022, 10:52:22 PM
By the looks of it ETH at 800-900 is not looking far-fetched now.

Impossible to guess the bottom but I will be buying more ETH.

If it does hit approx 800 and eventually hits the ATH of 4800 in the next bull run that would be a 6X.

Griff…… I am cruel to be kind.

21k BTC with ETH at adjusted  value is $630……

The problem is alts are not adjusting their valuation to BTC because everybody is buying alts.

So we go down on BTC, Obliterate everybody in order to reset the BTC valuations of alt. What happens is BTC goes to 11k and valuations get reset meaning ETH could tap $330 range and suddenly you are making a fuckload  more next run.

The question is, if you wait, will you be correct. I have no issue waiting and I’ll post my buy prices and what I bought if people are interested. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on June 15, 2022, 01:57:30 AM
I sincerely hope Getbiggers cashed out their crapto currencies by now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 15, 2022, 02:01:04 AM
Quote from: Griffith on June 14, 2022, 10:52:22 PM
By the looks of it ETH at 800-900 is not looking far-fetched now.

Impossible to guess the bottom but I will be buying more ETH.

If it does hit approx 800 and eventually hits the ATH of 4800 in the next bull run that would be a 6X.
One thing is for sure and that is the dollar is doomed eventually. I find it laughable that people are talking about how strong the dollar is and everything has gone up in price by a huge amount. Car wash, coffee, groceries, gas. High gas prices affects the price of everything, even bananas. Good thing I raised my fees 2 years ago by almost 50%. A $10,000 fee became $15,000.

Anyway, I will be getting some cash ready soon to buy these at these lower prices. I'll be looking at Ethereum, Cardano, Shiba, Doge and I guess Bitcoin also. Might trade into XRP also.

I did not cash out of crypto again just like 2018 lol! So very low prices are preferable for me. Everyone had the timing of the peak wrong. People were forecasting Ethereum going to $10-20k and nobody foresaw the Ukraine invasion. This is one of the main drivers of the economic turmoil we are seeing now IMO, besides all the quantitative easing that occurred in 2020 / 2021.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 15, 2022, 02:04:56 AM
Quote from: Humble Narcissist on June 15, 2022, 01:57:30 AM
I sincerely hope Getbiggers cashed out their crapto currencies by now.
Going to HODL to zero.

Don't underestimate human greed. Once the bottom is hit we might go sideways for a while as happened in 2018-2020. Once it rips up again people will go balls deep back in. Because people are greedy and will have a fear of missing out. The one thing of course that could fuck all this up is an all out nuclear war. Then all bets are off and you can say bye bye crypto, dollar etc. But then your main goal is survival in a Madmax-like scenario. If you're not killed by the blasts or radiation.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 15, 2022, 02:09:28 AM
Quote from: Mayday on June 13, 2022, 02:59:02 AM
Until we see Bitcoin regain market control the bottom is not in.
Is there a rule that says this has to happen? Remember there's a lot of locked up staking in Ethereum, Cardano etc. This means people won't panic sell because they literally can't. That brings a lot of "diamond hands" to the alt-coin market. The cryptosphere is different now compared to 2018.

Locked Staking is absolutely a good thing when it comes to price stability. In a way it is like a parent who locks their children's savings in a piggy bank.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on June 15, 2022, 02:38:56 AM
BTC $ 20,183.97 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 15, 2022, 05:36:37 AM
Quote from: Mayday on June 15, 2022, 12:52:36 AM
Griff…… I am cruel to be kind.

21k BTC with ETH at adjusted  value is $630……

The problem is alts are not adjusting their valuation to BTC because everybody is buying alts.

So we go down on BTC, Obliterate everybody in order to reset the BTC valuations of alt. What happens is BTC goes to 11k and valuations get reset meaning ETH could tap $330 range and suddenly you are making a fuckload  more next run.

The question is, if you wait, will you be correct. I have no issue waiting and I’ll post my buy prices and what I bought if people are interested.

Whether 600 or 300 even better.

I'm in no rush either and will wait to see how things unfold.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on June 15, 2022, 05:44:33 AM
ETH $ 1,111.61
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 15, 2022, 05:58:16 AM
Quote from: obsidian on June 15, 2022, 02:01:04 AM
One thing is for sure and that is the dollar is doomed eventually. I find it laughable that people are talking about how strong the dollar is and everything has gone up in price by a huge amount. Car wash, coffee, groceries, gas. High gas prices affects the price of everything, even bananas. Good thing I raised my fees 2 years ago by almost 50%. A $10,000 fee became $15,000.

Anyway, I will be getting some cash ready soon to buy these at these lower prices. I'll be looking at Ethereum, Cardano, Shiba, Doge and I guess Bitcoin also. Might trade into XRP also.

I did not cash out of crypto again just like 2018 lol! So very low prices are preferable for me. Everyone had the timing of the peak wrong. People were forecasting Ethereum going to $10-20k and nobody foresaw the Ukraine invasion. This is one of the main drivers of the economic turmoil we are seeing now IMO, besides all the quantitative easing that occurred in 2020 / 2021.

Agreed.

I will mostly be focusing on ETH though and maybe a small amount of XRP as well.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 15, 2022, 06:19:02 AM
Quote from: obsidian on June 15, 2022, 02:01:04 AM


I did not cash out of crypto again just like 2018 lol! So very low prices are preferable for me. Everyone had the timing of the peak wrong. People were forecasting Ethereum going to $10-20k and nobody foresaw the Ukraine invasion. This is one of the main drivers of the economic turmoil we are seeing now IMO, besides all the quantitative easing that occurred in 2020 / 2021.

I got out on the May 21 peak and I foresaw the Ukraine invasion. Even briefly mentioned it on here.

Still got my fingers burnt getting back in on 2 of my 3 main positions.

Bears are in full control of the price in a way I didn't think would be possible any more. It's still all one huge ponzi.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 15, 2022, 01:21:00 PM
Quote from: obsidian on June 15, 2022, 02:09:28 AM
Is there a rule that says this has to happen? Remember there's a lot of locked up staking in Ethereum, Cardano etc. This means people won't panic sell because they literally can't. That brings a lot of "diamond hands" to the alt-coin market. The cryptosphere is different now compared to 2018.

Locked Staking is absolutely a good thing when it comes to price stability. In a way it is like a parent who locks their children's savings in a piggy bank.

Depends what you believe.

Belief of price/value comes first then supply/demand takes effect. I have posted this here a few times because it’s the better way of understanding price psychology in order to forecast. 99% don’t think like this and call me a Redard.

On chain data shows lowering of supply on exchanges while at the same time price plummets. Nobody seems to get it, belief in price mix in market has shifted. Less coins today than November yet price is -50%. Kinda telling that on chain people really fucked up here and PlanB is a moron. What on chain is awesome for is short term movements to/from exchanges. You see the preload on exchanges for a dump and you see it back off for a pump.

Staking is good but I think it’s more to save yourself from your own weak hands rather than hold up the price. I have my HEX staked because I wanted it for 2024 and figured I’d get 15%/yr so why not.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Coach is Back! on June 15, 2022, 02:58:13 PM
https://www.thegatewaypundit.com/2022/06/bitcoin-crumbles-crypto-falls-another-sign-emerging-recession/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on June 16, 2022, 01:37:35 AM
Quote from: Coach is Back! on June 15, 2022, 02:58:13 PM
https://www.thegatewaypundit.com/2022/06/bitcoin-crumbles-crypto-falls-another-sign-emerging-recession/
Real estate dropping as well.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 16, 2022, 02:55:22 AM
Quote from: Coach is Back! on June 15, 2022, 02:58:13 PM
https://www.thegatewaypundit.com/2022/06/bitcoin-crumbles-crypto-falls-another-sign-emerging-recession/

In my thread I said Q2 2022 recession and we have stimmy bucks in Q4 2022 and go again in 2023.

Gurus were saying 2023 recession.

So far, my strategy wins. Q2 GDP data currently showing 0%, it doesn’t take much for June to dip and send it to a negative and then it’ll be an official recession.

Property price decline is a bear trap. It’ll go again in 2023 and catch people off guard. Particularly regional, it’ll launch to Mars all over again.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 16, 2022, 03:22:57 AM
Quote from: Flexacon on June 15, 2022, 06:19:02 AM
I got out on the May 21 peak and I foresaw the Ukraine invasion. Even briefly mentioned it on here.

Still got my fingers burnt getting back in on 2 of my 3 main positions.

Bears are in full control of the price in a way I didn't think would be possible any more. It's still all one huge ponzi.
Care to find that post where you saw the Ukraine invasion - in 2021? I am not aware of anyone in crypto discussing a potential Ukraine invasion by Russia in 2021. Ethereum peaked at close to $4,900 in late 2021. Obviously had I known that was the peak we all thought I would have sold the ETH that was not staked. But everyone was expecting it to rip to $10,000, $14,000 or even higher, per the 2017 Bitcoin bull run.

I am not saying the Ukraine invasion is the only reason for the drop. Ethereum even ripped back up to over $3,500 on April 3 / 4 of this year. Kind of a shock to me that we are now sitting so low. The Luna / Terra mess is what really got the panic sell buttons going for a lot of people. It shook their faith in crypto. Hopefully people learned from that and the Celsius mess - for the sake of crypto's future.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 16, 2022, 03:28:00 AM
Quote from: Mayday on June 16, 2022, 02:55:22 AM
In my thread I said Q2 2022 recession and we have stimmy bucks in Q4 2022 and go again in 2023.

Gurus were saying 2023 recession.

So far, my strategy wins. Q2 GDP data currently showing 0%, it doesn’t take much for June to dip and send it to a negative and then it’ll be an official recession.

Property price decline is a bear trap. It’ll go again in 2023 and catch people off guard. Particularly regional, it’ll launch to Mars all over again.
Yes I remember you mentioned it. Time will tell. To be honest if Ethereum drops down to $300 in the short term I'd actually be happy about it and buy at that price. Just need to make sure I have cash ready on an exchange if that happens.

Jerome Powell mentioned another potential 0.75 rate hike coming in July, until they get the inflation under control. I 've read some comments by people and they are saying raise it all the way up to 9-20% fast and get it over with lol. What do you think would happen if they did that?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 16, 2022, 04:53:40 AM
Quote from: obsidian on June 16, 2022, 03:28:00 AM
Yes I remember you mentioned it. Time will tell. To be honest if Ethereum drops down to $300 in the short term I'd actually be happy about it and buy at that price. Just need to make sure I have cash ready on an exchange if that happens.

Jerome Powell mentioned another potential 0.75 rate hike coming in July, until they get the inflation under control. I 've read some comments by people and they are saying raise it all the way up to 9-20% fast and get it over with lol. What do you think would happen if they did that?

The Fed got the command from Biden so 0.75% hikes and maybe 1% in July if they don’t see the CPI and the sharemarket break.

We aren’t far off a deflationary event. I’m back in Consumer land now after being headhunted and it’s a mess right now.


As for crypto Celsius is insolvent and 3AC got liquidated and the CEO fled to Dubai. This has not even hit the pricing yet. It turns out these big funds we thought were all hedged and/or shorting were all mad long degenerates and got liquidated. So now, we wait and then itll be confirmed they are fucked and their holdings will be liquidated. People in the funds will lose 100% of their holdings and upon selling the holdings it nukes the price.

Don’t be surprised if this play out inside of a week.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on June 16, 2022, 09:21:49 AM
The downward pattern to date has been that the S&P hits an implied resistance level: Moving Average(100/200), Large Round number (4000), round number percentage decline (10/20%). It then either bounces around or rallies and then resumes the downtrend.

The place to be is cash.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 16, 2022, 05:21:11 PM
Quote from: Mayday on June 16, 2022, 04:53:40 AM
The Fed got the command from Biden so 0.75% hikes and maybe 1% in July if they don’t see the CPI and the sharemarket break.

We aren’t far off a deflationary event. I’m back in Consumer land now after being headhunted and it’s a mess right now.


Hopefully these head-hunters come across some of your predictions over the past 20months in this thread and can get you on their books at an extreme discount  🤣.

Seriously, thought this cycle might be different myself. Unfortunately the market is no where near mature enough yet still holding up surprisingly well considering multiple black Swan events. How long it can sustain the onslaught if/when last capitulation wick down is any ones guess.

I was overly confident  we wouldnt venture near previous cycles ATH. A few more lower CPI prints with ceasing of QT and market "should" improve. Times like these I just  turn away from pricing, last 2 bear markets were brutal on me emotionally. This one hasn't had the same effect.....yet.

This whole 3AC seems to be centred around defi, degen shitcoins? This could be good for btc.

Celsius I've heard they are illiquid rather than  insolvent, who knows at this point? They have alot of wbtc  and steth in the vault and rumours are wall St trying to liquidate them. If that happens it's discount time for everyone ballsy enough to enter the market.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 16, 2022, 06:06:04 PM
Quote from: Theoak* on June 16, 2022, 05:21:11 PM
Hopefully these head-hunters come across some of your predictions over the past 20months in this thread and can get you on their books at an extreme discount  🤣.

Seriously, thought this cycle might be different myself. Unfortunately the market is no where near mature enough yet still holding up surprisingly well considering multiple black Swan events. How long it can sustain the onslaught if/when last capitulation wick down is any ones guess.

I was overly confident  we wouldnt venture near previous cycles ATH. A few more lower CPI prints with ceasing of QT and market "should" improve. Times like these I just  turn away from pricing, last 2 bear markets were brutal on me emotionally. This one hasn't had the same effect.....yet.

This whole 3AC seems to be centred around defi, degen shitcoins? This could be good for btc.

Celsius I've heard they are illiquid rather than  insolvent, who knows at this point? They have alot of wbtc  and steth in the vault and rumours are wall St trying to liquidate them. If that happens it's discount time for everyone ballsy enough to enter the market.

My crypto stuff was shit because I was listening to gurus. Prior to that I had a top of 55k for BTC then I was lead astray by spastics and became one myself. Been right the last 7mths though since I sold as I’m following my own reasoning.

My economic stuff and consumer stuff is pretty good. Been bang on major things well in advance and made 7 figs from those I took action on. The true measure is what you took action on as that means you backed your words. I say all sorts of shit because it’s discussion, taking action is a different approach.

This cycle BTC is at the top of the S curve. We are late. 2024-25 BTC to 96k assuming it doesn’t get toasted by something else.

Price now 20.3k and BTC dominance dropped further into the 44s now. This is the end now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 17, 2022, 10:42:06 AM
Quote from: Mayday on June 16, 2022, 06:06:04 PM

This cycle BTC is at the top of the S curve. We are late. 2024-25 BTC to 96k assuming it doesn’t get toasted by something else.

Price now 20.3k and BTC dominance dropped further into the 44s now. This is the end now.

I don't think we're at the top of the S curve. The top would mean 80 to 90% of the population would have some kind of  direct or indirect exposure to bitcoin. The top would be in once most major nation states hold it on their books. The top for individuals willing to dabble in BTC might already be in though.

If we're gonna get a relief rally it could be from here. BTC might go up before it drops below 20K. That's what I'm hoping for anyway.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 17, 2022, 01:31:05 PM
Quote from: Flexacon on June 17, 2022, 10:42:06 AM
I don't think we're at the top of the S curve. The top would mean 80 to 90% of the population would have some kind of  direct or indirect exposure to bitcoin. The top would be in once most major nation states hold it on their books. The top for individuals willing to dabble in BTC might already be in though.

If we're gonna get a relief rally it could be from here. BTC might go up before it drops below 20K. That's what I'm hoping for anyway.

I think he means for this 4 year cycle, mini S curve.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on June 17, 2022, 01:34:38 PM
The break did fail. Chart looks weak. I don’t see the $250 a barrel happening.

Quote from: Thin Lizzy on June 08, 2022, 05:58:02 AM
Strong trending markets typically have a correction that is very quick as to not give traders a chance to get in right. Oil corrected then churned for a while before making another top.

If I had to bet, I’d say this double top breakout fails.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on June 17, 2022, 02:01:36 PM
It's unfair to be shitting on bitcoin for this dip. Everything is down heavily. I had a 30% profit on index funds all wiped out to 0.18% lmao.

I'm just pissed off I don't have cash right now lol.

What's your guys estimate of how long this bear market will last? I'm hoping I can buy some of the dip this year.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 17, 2022, 02:12:39 PM
Quote from: a_pupil on June 17, 2022, 02:01:36 PM
It's unfair to be shitting on bitcoin for this dip. Everything is down heavily. I had a 30% profit on index funds all wiped out to 0.18% lmao.

I'm just pissed off I don't have cash right now lol.

What's your guys estimate of how long this bear market will last? I'm hoping I can buy some of the dip this year.
Good point. Everything is down. Meanwhile cost of living went up sky high. I will have some cash ready to deploy before the end of the year. Though I want to keep some aside for an emergency in case shit gets worse or future projects are cancelled. In a perfect world I would have sold at the top and used that cash now. But that's easy to say in hindsight. It is very difficult to time the market.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on June 17, 2022, 02:30:04 PM
Quote from: a_pupil on June 17, 2022, 02:01:36 PM
It's unfair to be shitting on bitcoin for this dip. Everything is down heavily. I had a 30% profit on index funds all wiped out to 0.18% lmao.

I'm just pissed off I don't have cash right now lol.

What's your guys estimate of how long this bear market will last? I'm hoping I can buy some of the dip this year.

Perfectly legit to shit on Bitcoin. It’s currently an underperforming asset class:

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 17, 2022, 03:53:38 PM
Quote from: Theoak* on June 17, 2022, 01:31:05 PM
I think he means for this 4 year cycle, mini S curve.

Correct, cheers.

For 2020-2021 we saw the largest increase in the money supply pretty much in our lifetime…… and Bitcoin hit 65k.

We have not seen any major shift away from other asset classes to suggest that BTC is the only option which was the main narrative. Property has gone bananas. Sharemarket has gone bananas. Used cars went up. Collectibles went up. This is the same outcome as previous monetary inflation periods therefore we have no change to the mix.

There is also my opinion that belief of value is first then supply/demand drives price action meaning the adoption curve doesn’t predict price, it merely predicts participants. It’s an ironic example of the internet that people show for this because the internet got more and more expensive….. then mass adoption hit and it got cheaper and cheaper. Being a store of value isn’t exactly holding up right now as all models have blown to pieces to the downside.

I have an issue with the market structure for Bitcoin success. We are at lows right now and BTC dominance is in the 44s. If alts are supposed to die off then how does that happen if 95% of them are still humming along? That’s the true inconvenient question because if we start afresh then BtC is at 45% and declines in dominance to 2024-25 somewhere under 20%.

That’s my read on it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 17, 2022, 03:57:03 PM
FWIW I also doubled my HEX position last night @ 0.031.

Currently it’s the only one that has a good drop under its ATH.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 17, 2022, 05:28:29 PM
Quote from: Mayday on June 17, 2022, 03:53:38 PM

There is also my opinion that belief of value is first then supply/demand drives price action meaning the adoption curve doesn’t predict price, it merely predicts participants. It’s an ironic example of the internet that people show for this because the internet got more and more expensive….. then mass adoption hit and it got cheaper and cheaper. Being a store of value isn’t exactly holding up right now as all models have blown to pieces to the downside.

I have an issue with the market structure for Bitcoin success. We are at lows right now and BTC dominance is in the 44s. If alts are supposed to die off then how does that happen if 95% of them are still humming along? That’s the true inconvenient question because if we start afresh then BtC is at 45% and declines in dominance to 2024-25 somewhere under 20%.

That’s my read on it.

More participants should in theory mean BTC becomes more scarce and that would drive price. Anyway I think it makes more sense to look at it more from the point of crypto adoption rather than just BTC adoption if making comparisons to other technology.

If nothing was built to take advantage of the internet then it would have died as no one would use it. Same with crypto, you need things built on it that people want to use.

I don't think you were wrong with your intial assessment that btc dominance would continue up higher. The current downtrend looks more like a blip. This was the best take on the situation that I've found.

https://twitter.com/hodlKRYPTONITE/status/1536609042952757249

His summary "If you are wondering why BTC and ETH are the first to be sold off, its because in a crisis, you sell what you can. Not what you want. There is no liquidity for shitcoins/ "alts"/ dreams"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: sync pulse on June 17, 2022, 05:56:38 PM

Bitcoin is only worth anything if there are miners operating computer complexes...If there are no miners anywhere...Then Bitcoin would be worthless?

Its rather like comparing a movie on DVD and a streaming service....If the online service stop carrying that movie and you don't have the DVD...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 17, 2022, 07:24:38 PM
Quote from: Flexacon on June 17, 2022, 05:28:29 PM
More participants should in theory mean BTC becomes more scarce and that would drive price. Anyway I think it makes more sense to look at it more from the point of crypto adoption rather than just BTC adoption if making comparisons to other technology.

If nothing was built to take advantage of the internet then it would have died as no one would use it. Same with crypto, you need things built on it that people want to use.

I don't think you were wrong with your intial assessment that btc dominance would continue up higher. The current downtrend looks more like a blip. This was the best take on the situation that I've found.

https://twitter.com/hodlKRYPTONITE/status/1536609042952757249

His summary "If you are wondering why BTC and ETH are the first to be sold off, its because in a crisis, you sell what you can. Not what you want. There is no liquidity for shitcoins/ "alts"/ dreams"

I agree with this, though as I see it everything these altcoins can do Btc can also do on layers 2 ,3,4 without base layer centralisation. I'm predicting Btc as more applications are built on the ntc network over the next  10years then it should capture 60-70% dominance.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 18, 2022, 12:59:11 AM
Quote from: Flexacon on June 17, 2022, 05:28:29 PM
More participants should in theory mean BTC becomes more scarce and that would drive price. Anyway I think it makes more sense to look at it more from the point of crypto adoption rather than just BTC adoption if making comparisons to other technology.

If nothing was built to take advantage of the internet then it would have died as no one would use it. Same with crypto, you need things built on it that people want to use.

I don't think you were wrong with your intial assessment that btc dominance would continue up higher. The current downtrend looks more like a blip. This was the best take on the situation that I've found.

https://twitter.com/hodlKRYPTONITE/status/1536609042952757249

His summary "If you are wondering why BTC and ETH are the first to be sold off, its because in a crisis, you sell what you can. Not what you want. There is no liquidity for shitcoins/ "alts"/ dreams"

Something can be scarce and worthless. Hence my argument has been belief in value first and then supply/demand dictates price action. I’ll say it again, on chain proves me correct yet nobody is actually connecting the dots. Scarcity does not equal price unless belief is there…..

19.2k now and less coins on exchanges so it’s even more scarce yet price is plummeting because belief left the building.

.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 18, 2022, 01:20:13 AM
Quote from: Mayday on June 18, 2022, 12:59:11 AM
Something can be scarce and worthless. Hence my argument has been belief in value first and then supply/demand dictates price action. I’ll say it again, on chain proves me correct yet nobody is actually connecting the dots. Scarcity does not equal price unless belief is there…..

19.2k now and less coins on exchanges so it’s even more scarce yet price is plummeting because belief left the building.

.

Actually thinking  your 96k 2025 prediction might to be spot on. If we did dip below previous bull cycles ATH then I would of had 150k+ on the cards.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on June 18, 2022, 01:28:07 AM
BTC $ 18,979.28
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 18, 2022, 01:32:41 AM
Quote from: Theoak* on June 18, 2022, 01:20:13 AM
Actually thinking  your 96k 2025 prediction might to be too conservative afterall. If we did dip below previous bull cycles ATH then I would of had 150k+ on the cards.

18.8k now and you are bullish?

99.99% of price predictions failed to the upside. Every model broke.

99.99% of price predictions failed so far to the downside and we entered new territory.

The structure has changed. We got more adoption along with the most inflationary period in our lifetime and we only 3x. Imagine if we got 3% money supply expansion instead 👀 nobody wants to consider that.

Less coins on exchanges, more adoption and we are now below the previous ATH yet scarcity…….

I like all of you so I apologise if I come across rude or condescending. It’s an act I play here ok.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 18, 2022, 01:42:46 AM
Quote from: Mayday on June 18, 2022, 01:32:41 AM
18.8k now and you are bullish?

99.99% of price predictions failed to the upside. Every model broke.

99.99% of price predictions failed so far to the downside and we entered new territory.

The structure has changed. We got more adoption along with the most inflationary period in our lifetime and we only 3x. Imagine if we got 3% money supply expansion instead 👀 nobody wants to consider that.

Less coins on exchanges, more adoption and we are now below the previous ATH yet scarcity…….

I like all of you so I apologise if I come across rude or condescending. It’s an act I play here ok.

You're no longer bullish long-term?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 18, 2022, 01:52:25 AM
Quote from: Mayday on June 18, 2022, 01:32:41 AM
18.8k now and you are bullish?

99.99% of price predictions failed to the upside. Every model broke.

99.99% of price predictions failed so far to the downside and we entered new territory.

The structure has changed. We got more adoption along with the most inflationary period in our lifetime and we only 3x. Imagine if we got 3% money supply expansion instead 👀 nobody wants to consider that.

Less coins on exchanges, more adoption and we are now below the previous ATH yet scarcity…….

I like all of you so I apologise if I come across rude or condescending. It’s an act I play here ok.

Sorry edited my post, meant 96k on the money next  ATH. Seems the leverage is getting sucked out.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 18, 2022, 02:20:36 AM
Quote from: Griffith on June 18, 2022, 01:42:46 AM
You're no longer bullish long-term?

The Bitcoin structure changed. Top of S-curve now.

2011 to 2014 —> 38x
2014 to 2017 —> 19x
2017 to 2021 —> 3.5x

We just had THE most inflationary period in our lifetime and got 3.5x. Next top is 96k.

I’m following my own opinion for 8mths and things happening according to my strategy.

Quote from: Theoak* on June 18, 2022, 01:52:25 AM
Sorry edited my post, meant 96k on the money next  ATH. Seems the leverage is getting sucked out.

Ok cool. I’m playing my strategy on 96k regardless of whatever anyone says.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 18, 2022, 02:40:01 AM
Quote from: Mayday on June 18, 2022, 02:20:36 AM
The Bitcoin structure changed. Top of S-curve now.

2011 to 2014 —> 38x
2014 to 2017 —> 19x
2017 to 2021 —> 3.5x

We just had THE most inflationary period in our lifetime and got 3.5x. Next top is 96k.

I’m following my own opinion for 8mths and things happening according to my strategy.


Where do you see ETH at the next top if BTC at 96k?

And what is your time-frame?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 18, 2022, 03:10:24 AM
Quote from: Griffith on June 18, 2022, 02:40:01 AM
Where do you see ETH at the next top if BTC at 96k?

And what is your time-frame?

My thread has more details in it with strategy and why.

Peak is either 2024 or maybe 2025. I don’t know yet.

ETH 6.5k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on June 18, 2022, 11:02:03 AM
The scam continues.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on June 18, 2022, 11:30:23 AM
I hope you geniuses in here give some guidance over the next few months so some of us commoners can join the dubai, India millionaires club  ;D

What price point are you guys looking for to start buying?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on June 18, 2022, 11:53:31 AM
Quote from: El Diablo Blanco on June 18, 2022, 11:02:03 AM
The scam continues.

You still have goofs like this spewing absurdities on Twitter. Nobody’s “Long Term Thesis” included a drop of this magnitude.



Will Clemente
@WClementeIII
If your long term Bitcoin investment thesis changes because of the price, you never understood Bitcoin
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on June 18, 2022, 12:37:27 PM
I don't think the carnage is done.

Bitcoin broke a critical support at $19K. If I had to guess, I'd say it's going down to about $10-$12K. I hope I am wrong on this, but the greater economy likely supports my thesis. Still, even at the price of $10K, I am not too sure I would jump at it, just not enough ROI at these prices. I want greater than 10x.

Ethereum is currently at around $939. I could see it go down to as low to as the $400 range. If it does, I'll probably scoop up about $4-5,000. Then again, I would also (depending on how low they go) through about another $2-$4,000 on Altcoins.

Hard to say how low things will go, but if Bitcoin hits $10-12K, the market will follow. If Ethereum hits around $400, I will go in on $ETH and also spread some money across Altcoins that show promise towards utility.

I'm an ultra-safe investor, not trader, so don't expect fireworks from me.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 18, 2022, 12:50:54 PM
Quote from: a_pupil on June 18, 2022, 11:30:23 AM
I hope you geniuses in here give some guidance over the next few months so some of us commoners can join the dubai, India millionaires club  ;D

What price point are you guys looking for to start buying?

Some big players failed and/or got margin called (there may still be more to come) Leverage is unwinding and no one really knows how much leverage is involved in crypto to call a bottom.

Significant amounts of money won't make it's way back into crypto until the stock markets bottoms and there is also the bitcoin halving around may 2024. So the bottom could be any time from now until May 2024.

If the stock markets recover by May 2024 and crypto is still a thing then buying before then would be your best chance of seeing some profit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on June 18, 2022, 01:10:07 PM
BTC $ 17,946.27
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 18, 2022, 01:13:45 PM
Quote from: Mayday on June 18, 2022, 12:59:11 AM
Something can be scarce and worthless. Hence my argument has been belief in value first and then supply/demand dictates price action. I’ll say it again, on chain proves me correct yet nobody is actually connecting the dots. Scarcity does not equal price unless belief is there…..

19.2k now and less coins on exchanges so it’s even more scarce yet price is plummeting because belief left the building.

.

Without more participants (supply/demand) then yeah it can be scare and worthless.

Scarcity is more an argument why bitcoin is better than fiat, but both still rely on ponzi tokenomics. Why bother with btc/crypto if it doesn't offer something different to traditional finance?

More participants (more buyers) + scarcity push the price up (btc model)
More participants without scarcity leaves participants vulnerable to printing (fiat model)

Scarcity with a diminishing number of buyers/more selling equals a slow bleed
Scarcity with a leverage unwinding equals capitulation.

If BTC survives a recession and we get another cycle it's scarcity + leverage buying that what will send it to new ATH.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 18, 2022, 01:19:01 PM
Quote from: Thin Lizzy on June 18, 2022, 11:53:31 AM
Will Clemente
@WClementeIII
If your long term Bitcoin investment thesis changes because of the price, you never understood Bitcoin

17.7k now 👀

Will is all in at last bid of 23.8k. It’d more polite if he simply called people spastics. His way seems much more nasty than how I do it.

PlanB is much worse than Will. Says he is holding to either 0 or 1M then days later makes a
Statement that he doesn’t HoDL lol. Plus his models broke and he won’t acknowledge it. You can even see it’s broken to the downside yet he pushes 1M in 2024-25.

Saylor now has 2.7B debt vs 2.3B assets with a business servicing half that debt at 6% at a loss. There is no way the board would have approved this ratio, they can’t.

My feed full of degenerate 100x longs being liquidated constantly. Not long to go now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 18, 2022, 01:34:38 PM
Quote from: Flexacon on June 18, 2022, 01:13:45 PM
Without more participants (supply/demand) then yeah it can be scare and worthless.

Scarcity is more an argument why bitcoin is better than fiat, but both still rely on ponzi tokenomics. Why bother with btc/crypto if it's no different than traditional finance?

More participants (more buyers) + scarcity push the price up (btc model)
More participants without scarcity leaves participants vulnerable to printing (fiat model)

Scarcity with a diminishing number of buyers/more selling equals a slow bleed
Scarcity with a leverage unwinding equals capitulation.

If BTC survives a recession and we get another cycle it's scarcity + leverage buying that what will send it to new ATH.
:D

Even with the same participants it can become worthless. It’s trend and group think.this is why I dont like the scarcity argument because it’s scarce when value goes up for a year then 3yrs of bear market where it isn’t scarce apparently. Therefore it’s a fixed quantity of product which simply trends once every few years, nothing more.

When we have a bad harvest of bananas prices goes quadruple and we might say bananas are scare due to low yield. Then when yields return to normal and we have bananas cheap again we don’t continue saying bananas are scarce, just less scarce than before. 

I know I can’t explain this in words of how I think btw. I am utterly retarded in my thinking but it does work

BTC will be fine, just different structure now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 18, 2022, 02:31:19 PM
Quote from: Mayday on June 18, 2022, 01:34:38 PM
:D

Even with the same participants it can become worthless. It’s trend and group think.this is why I dont like the scarcity argument because it’s scarce when value goes up for a year then 3yrs of bear market where it isn’t scarce apparently. Therefore it’s a fixed quantity of product which simply trends once every few years, nothing more.

When we have a bad harvest of bananas prices goes quadruple and we might say bananas are scare due to low yield. Then when yields return to normal and we have bananas cheap again we don’t continue saying bananas are scarce, just less scarce than before. 

I know I can’t explain this in words of how I think btw. I am utterly retarded in my thinking but it does work

BTC will be fine, just different structure now.

I get your example, but it doesn't include leverage buying.

Let's say there is a steady conveyor belt of good banana harvests. Bananas are cheap and I buy x100 leverage and a bunch of other people did the same. There is constant demand for bananas, but price remains the same as supply meets demand. I'm not making any money.

Some fungus spreads and starts slowly killing banana plants, so supply is steadily reduced. Demand remains, so price increases. Myself and others cash some leverage gains in and buy with leverage again, but bigger. Price shoots up, banana addicts still keep buying at the inflated prices, supply further decreases, more leverage, price goes parabolic. It comes crashing down when banana addicts start feeling nauseous and stop buying bananas. Leverage winners cash out, price drops and eventually degens who messed up on leverage go broke and it all unwinds. Bananas are now cheap, scarce and there isn't much appetite for them.

Without leverage in this example banana prices go up lets says 10% every harvest due to ever increasing scarcity, until a new equilibrium between demand and supply is reached.

Without demand, leverage and scarcity you wouldn't get this parabolic type of price action. Without demand there is no price action, without leverage and scarcity there are no parabolic bullruns or capitulations.

A lot of non degens would prefer leverage wasn't allowed. Leverage and the wild swings in price causes fomo and fear on the demand side. Scarcity plus constant demand without leverage would see price go up more linearly and then plateau. Great if you got in early, but if you're hoping for another cycle you don't want this.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on June 18, 2022, 03:41:36 PM
I suspect Mayday will be right and Coinbase will eventually limit or stop withdrawals. It has tanked harder than Bitcoin itself.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on June 18, 2022, 03:52:40 PM
When you start hearing very dramatic price rise predictions, it typically means the party is almost over. When Bitcoin was at 60k, there was talk of 250k.

You’re hearing the same about Oil, now.


‘Wakey, wakey. We are not going back to normal business in a few months’: A top hedge-fund manager says crude oil prices could hit $250 this year – Fortune

https://fortune.com/2022/03/24/oil-prices-rise-250-2022-pierre-andurand/



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 18, 2022, 04:24:17 PM
Quote from: Flexacon on June 18, 2022, 02:31:19 PM


A lot of non degens would prefer leverage wasn't allowed. Leverage and the wild swings in price causes fomo and fear on the demand side. Scarcity plus constant demand without leverage would see price go up more linearly and then plateau. Great if you got in early, but if you're hoping for another cycle you don't want this.

This. Greed, gambling, fear are all characteristics of human nature and its entrenched in every market. Ask yourself, will these humans characteristics  embedded in our DNA since our beginnings  all of a sudden shut off and vanish?

Leverage and scarcity = parabolic rise = temporary euphoria.  Eventually it unwinds and capitulates, only to repeat its process.

"This time is different " is a narrative I've parroted and its been wrong. No its not, same market, same human characteristics.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 18, 2022, 04:27:17 PM
Quote from: Mayday on June 18, 2022, 01:32:41 AM
18.8k now and you are bullish?


 

I've been bullish since $200, term used back then was hopeful. I'm not a trader, so bullish or bearish really doesn't effect me.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 18, 2022, 04:44:27 PM
Quote from: Flexacon on June 18, 2022, 02:31:19 PM
I get your example, but it doesn't include leverage buying.

Let's say there is a steady conveyor belt of good banana harvests. Bananas are cheap and I buy x100 leverage and a bunch of other people did the same. There is constant demand for bananas, but price remains the same as supply meets demand. I'm not making any money.

Some fungus spreads and starts slowly killing banana plants, so supply is steadily reduced. Demand remains, so price increases. Myself and others cash some leverage gains in and buy with leverage again, but bigger. Price shoots up, banana addicts still keep buying at the inflated prices, supply further decreases, more leverage, price goes parabolic. It comes crashing down when banana addicts start feeling nauseous and stop buying bananas. Leverage winners cash out, price drops and eventually degens who messed up on leverage go broke and it all unwinds. Bananas are now cheap, scarce and there isn't much appetite for them.

Without leverage in this example banana prices go up lets says 10% every harvest due to ever increasing scarcity, until a new equilibrium between demand and supply is reached.

Without demand, leverage and scarcity you wouldn't get this parabolic type of price action. Without demand there is no price action, without leverage and scarcity there are no parabolic bullruns or capitulations.

A lot of non degens would prefer leverage wasn't allowed. Leverage and the wild swings in price causes fomo and fear on the demand side. Scarcity plus constant demand without leverage would see price go up more linearly and then plateau. Great if you got in early, but if you're hoping for another cycle you don't want this.

Less coins now therefore it’s more scarce yet price is -70%.

I can’t word it any other way as I’m redarded. Ponder this and if you get it, accept it and then you can move more freely in your thinking. I’m not trying to be rude, I can’t explain this very well at all and I know in me trying I’ll do a piss poor job and look like an idiot.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 18, 2022, 04:53:38 PM
Quote from: Thin Lizzy on June 18, 2022, 03:52:40 PM
When you start hearing very dramatic price rise predictions, it typically means the party is almost over. When Bitcoin was at 60k, there was talk of 250k.

You’re hearing the same about Oil, now.


‘Wakey, wakey. We are not going back to normal business in a few months’: A top hedge-fund manager says crude oil prices could hit $250 this year – Fortune

https://fortune.com/2022/03/24/oil-prices-rise-250-2022-pierre-andurand/


Coinbase have a 5,000 BTC loan which they went long and are near liquidation price. Crazy.


Looks like that double top on oil was playing out, not quite a double top but close. This is a very good sign for me. Things are all pointing towards Q2 recession which means CPI will be under control by Q4 and we go agains on the next inflationary wave (in my strategy).

The CPI will be a magical fix. We will see the % drop but prices will be sticky and everyone will be confused. Q4 2021 CPi was already 7% meaning our CPI begins getting compared to historic numbers that were already topping out and therefore drops towards the 2%-3% target.

 This CPI one is pretty much pure evil on how to fuck with metrics and hide it from people.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 19, 2022, 12:19:47 AM
For my American friends, Asia already retested and was rejected. My current feed, people are joyful, happy, all tweeting messages about how we are so early and the space needs to mature.

We Can buy BTC from Grayscale for 12k right now.

my next line was at that mark So let’s see if Wall St begin knocking on Grayscale’s door to buy. If they aren’t interested at 12k you need to ask yourself, why are you buying.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: epic is back on June 19, 2022, 03:06:53 AM
Quote from: Mayday on June 18, 2022, 01:32:41 AM
18.8k now and you are bullish?

99.99% of price predictions failed to the upside. Every model broke.

99.99% of price predictions failed so far to the downside and we entered new territory.

The structure has changed. We got more adoption along with the most inflationary period in our lifetime and we only 3x. Imagine if we got 3% money supply expansion instead 👀 nobody wants to consider that.

Less coins on exchanges, more adoption and we are now below the previous ATH yet scarcity…….

I like all of you so I apologise if I come across rude or condescending. It’s an act I play here ok.

or you could just stop pretending you know whats going on,  and pretending your ahead of the curve like some swami

why dont you just just shut up for a week,

if you can
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on June 19, 2022, 11:52:15 AM
Quote from: epic is back on June 19, 2022, 03:06:53 AM
or you could just stop pretending you know whats going on,  and pretending your ahead of the curve like some swami

why dont you just just shut up for a week,

if you can

Price forecasting has a very long history of failure. It doesn’t work. Why? There are too many variables. So, the predictions end up being a guess.



https://www.fool.com/the-ascent/cryptocurrency/articles/could-bitcoin-hit-200000-in-2022/


Cryptocurrency analysts are a quirky, opinionated bunch. An article two weeks ago published on Insider.com -- formerly Business Insider -- cited the following price predictions from investment banking analysts: Goldman Sachs forecast BTC would reach $100,000 in 2022; JPMorgan had it at $148,000 last November but slashed it to $38,000 last month; while Citigroup projected Bitcoin would reach $318,000 by Dec. 2021 and has not revised that target.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 19, 2022, 02:01:43 PM
Quote from: Mayday on June 18, 2022, 04:44:27 PM
Less coins now therefore it’s more scarce yet price is -70%.

I can’t word it any other way as I’m redarded. Ponder this and if you get it, accept it and then you can move more freely in your thinking. I’m not trying to be rude, I can’t explain this very well at all and I know in me trying I’ll do a piss poor job and look like an idiot.

I don't see scarcity as a price driver which is the point I think you're trying to get across. So we're on the same page there.

Scarcity in BTC works in kinda the same way liquidity does for a stock. The more illiquid (scarce) a stock the less buy/sell pressure it generally needs to send the price up or down. Similarly a lot of buy/sell pressure causes big jumps up or down in price.

As bitcoin becomes more scarce the easier it gets to potentially send the price up (or down) So yeah a few years of money printing was needed to send BTC to 69k. You probably wont need the same conditions for the price to hit 69K again if bitcoin survives and becomes more scarce.

Scarcity helps creates big price jumps both up and down, so from my point of view the more scarce BTC gets the better. My goal and presumably yours is to try catch the price action in crypto on a parabolic run up and try to get out before it crashes down. Scarcity helps facilitate (not drive) this price action.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 03, 2022, 04:21:10 AM
Everyone is calling for a dump with the next 48 hours. Will be interesting how far they can send it down. Some believe it can go down another 50%, others believe price will just chop as leverage has already unwound.

Also a famous BTC maxi flipped and is now an ETH maxi. Probably just a coincide he is now shilling a web3.0 product.

Looks look web3.0 coins and tokens will be the next cycles ICO/defi/nft.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on July 03, 2022, 04:39:46 AM
I will buy ETH at $88.
Bitcoin cannot be lower than $12,000
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on July 03, 2022, 06:18:09 AM
Once the circus has packed up and moved to another town it’s best to do the same. Even when it does bottom it’ll probably linger around there for an extended period.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: BossBoss on July 13, 2022, 11:55:15 AM
Where is GIB?

is this a good time to buy, to be a one coiner?

buy now, or wait?
I need advice.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on July 13, 2022, 02:11:22 PM
Quote from: BossBoss on July 13, 2022, 11:55:15 AM
Where is GIB?

is this a good time to buy, to be a one coiner?

buy now, or wait?
I need advice.

Anyone who would buy Bitcoin now is just taking a wild guess that this is a bottom that will suddenly reverse and keep going.

The actual evidence is that Bitcoin is in a sustained downward trend that has shown no indication of a bottom.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 13, 2022, 04:24:55 PM
Quote from: French on July 03, 2022, 04:39:46 AM
I will buy ETH at $88.
Bitcoin cannot be lower than $12,000
You might then wait forever and never have ETH lol!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 13, 2022, 04:25:58 PM
Quote from: Thin Lizzy on July 13, 2022, 02:11:22 PM
Anyone who would buy Bitcoin now is just taking a wild guess that this is a bottom that will suddenly reverse and keep going.

The actual evidence is that Bitcoin is in a sustained downward trend that has shown no indication of a bottom.
Everyone is calling for the crypto prices to tank after today's news and yet it actually went up a little. We'll see what happens. A lot of weak hands apparently in love with the useless dollar.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 13, 2022, 04:29:00 PM
Apparently the dollar is strong - well then why are prices rising if the dollar was so strong? This is all bullshit spin to try and make people feel good about things getting more expensive. It's all right, the dollar is strong so don't mind $10 per gallon of gas!

The dollar is not strong. It is weaker than it has ever been compared to the cost of everything you buy. At some point this will sink in and perhaps then crypto will go up again. If anything crypto should go up along with the cost of everything else. It will happen once salaries start rising. And it will. Salaries will eventually go up to keep pace with inflation.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 13, 2022, 04:30:26 PM
Quote from: BossBoss on July 13, 2022, 11:55:15 AM
Where is GIB?

is this a good time to buy, to be a one coiner?

buy now, or wait?
I need advice.
Best approach is to DCA. Because you never know when's the bottom or top.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 13, 2022, 06:32:14 PM
Quote from: French on July 03, 2022, 04:39:46 AM
I will buy ETH at $88.
Bitcoin cannot be lower than $12,000

If ETH hits $88 then it's probably dead.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 14, 2022, 01:55:58 PM
So far prices are ok. Was the bad news baked in already? Feels like that.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on July 15, 2022, 01:50:57 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on July 15, 2022, 02:40:36 AM
Folks, don't forget that hundreds of thousands of coins from the Mt Gox heist will be distributed to investors in early August.

Although I don't think it's going to be catastrophic to the price, you can rest assured a lot of those coins are going to hit the market immediately.

GBTC used to undergo similar unlocking events and they ALWAYS resulted in price dumps.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on July 15, 2022, 04:30:51 AM
Quote from: Slapper on July 15, 2022, 02:40:36 AM
Folks, don't forget that hundreds of thousands of coins from the Mt Gox heist will be distributed to investors in early August.

Although I don't think it's going to be catastrophic to the price, you can rest assured a lot of those coins are going to hit the market immediately.

GBTC used to undergo similar unlocking events and they ALWAYS resulted in price dumps.

I didn’t know they recovered the coins. Why wouldn’t they go back to the original owners?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on July 15, 2022, 02:57:41 PM
I don’t see how you could know how much of that is already priced in.

That’s why I use the trend as my first filter.

It cuts through all the bullshit. I don’t give a shit how compelling the story, if the trend is clearly down, I don’t bite.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on July 15, 2022, 04:20:51 PM
Quote from: El Diablo Blanco on July 15, 2022, 04:30:51 AM
I didn’t know they recovered the coins. Why wouldn’t they go back to the original owners?

Some judge in Japan got involved, ordered and investigation that lasted many years and has ordered the coins returned now in August.

Like I said, I own GBTC from pre-split and I got busted so MANY times by the "this time is different" crowd on the unlockings that I can honestly see BTC dropping below 15k once these coins hit the market.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on July 19, 2022, 10:13:22 PM
ETH will eventually flip BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on July 20, 2022, 02:22:13 AM
Quote from: Griffith on July 19, 2022, 10:13:22 PM
ETH will eventually flip BTC.

Next bull run is going to happen.

People now understand that BTC is the cassettes of the 1980s and ETH is the CDs + Maxis are obnoxious as fuck + it isn't decentralized not un-confiscatable.


 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on July 20, 2022, 05:00:25 AM
Bear market rallies seem impressive until you pan out a bit:



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 20, 2022, 09:36:29 AM
Quote from: Thin Lizzy on July 20, 2022, 05:00:25 AM
Bear market rallies seem impressive until you pan out a bit:

It nice though if you played for the bounce  8)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on July 20, 2022, 01:07:04 PM
Quote from: Flexacon on July 20, 2022, 09:36:29 AM
It nice though if you played for the bounce  8)

It was a nice support break reversal. Lotta traders must’ve got caught leaning the wrong way.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 20, 2022, 02:43:03 PM
A lot of bottom signals fired sub 20k. I took some positions. Most alts refused to budge lower while BTC dumped, very interesting.

Grayscale was bought very hard up to the 15k mark as soon as price moved up from lows. I think we had 17.5k low on spot so it seems it’s kind of ballpark where big money is buying up to.

I’d be looking for DXY to break 1.10 and head to 1.20 before reversal. I assume we see 17k again if the DXY goes skywards.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on July 21, 2022, 03:02:31 PM
Tesla cashes out $936 million in Bitcoin, after a year of crypto turbulence

https://www.npr.org/2022/07/21/1112689091/bitcoin-tesla-selloff
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 02, 2022, 08:40:36 PM

Microstrategy posted a 900M loss.

Saylor removed as CEO and now chairman of the board apparently to free him up to focus on Bitcoin acquisition.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on August 04, 2022, 09:13:59 AM
Quote from: Mayday on August 02, 2022, 08:40:36 PM
Microstrategy posted a 900M loss.

Saylor removed as CEO and now chairman of the board apparently to free him up to focus on Bitcoin acquisition.

Brutal short squeeze in Coinbase:

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 21, 2022, 01:51:36 PM
I’m all in now  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on August 21, 2022, 03:21:54 PM
Quote from: Mayday on August 21, 2022, 01:51:36 PM
I’m all in now  :D

Good luck but I would have a pretty tight stop. The 50% pullback from the 30k to 20k drop was met with a wall of selling. Now, it looks like it might retest the prior low.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on August 21, 2022, 04:49:07 PM
Quote from: Thin Lizzy on August 21, 2022, 03:21:54 PM
Good luck but I would have a pretty tight stop. The 50% pullback from the 30k to 20k drop was met with a wall of selling. Now, it looks like it might retest the prior low.

There was a lot leverage unwinding in that drop. Forced selling from lenders like Celsius and projects like luna as they crashed to zero.

But you might be right and lows get retested as September is nearly always a big red month for crypto (or maybe this now is the typical September drop everyone expects and it got front ran)

Don't think it really matters though. Buying crypto when btc is 20k or buying when it's 15k doesn't make much difference if you plan on holding until btc is 100k.

I got some Eth at sub 1k which helped me average down big time. Will buy more if it drops there again otherwise happy to sit in cash and use it to play some stocks once the bottom looks in.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 21, 2022, 05:08:14 PM
Quote from: Thin Lizzy on August 21, 2022, 03:21:54 PM
Good luck but I would have a pretty tight stop. The 50% pullback from the 30k to 20k drop was met with a wall of selling. Now, it looks like it might retest the prior low.

I don’t use stops or leverage. I’ll just hold if I get it wrong, it’s money I had from crypto I sold back in December 2021.

Cutting to the chase We also haven’t had a final leg down.

My own strategy says we may have 4 months of rallying on S&P with a potential for a YOLO ATH. This  falls inline with seasonality for crypto and also my belief the market gets rate cuts and QE wrong in Jan which is what will trigger the leg down.

2013 as a reference. With enough people flushed out it created a perfect storm for a YOLO event because sentiment was so heavily to the downside the rush in was biblical.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 23, 2022, 05:03:49 PM
ATH before year end.

 :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on August 23, 2022, 11:35:55 PM
Quote from: Mayday on August 21, 2022, 05:08:14 PM
I don’t use stops or leverage. I’ll just hold if I get it wrong, it’s money I had from crypto I sold back in December 2021.

Cutting to the chase We also haven’t had a final leg down.

My own strategy says we may have 4 months of rallying on S&P with a potential for a YOLO ATH. This  falls inline with seasonality for crypto and also my belief the market gets rate cuts and QE wrong in Jan which is what will trigger the leg down.

2013 as a reference. With enough people flushed out it created a perfect storm for a YOLO event because sentiment was so heavily to the downside the rush in was biblical.

Another leg down below this year's lows would entail another perfect storm I believe. Lending firms in chapter 11 going into liquidation, Mt Gox releasing 100k+ btc to creditors which could be sold on open market and also interest rates being bumped up.

Elections around November so if a low is going to be put in its between now and then.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 24, 2022, 05:19:48 AM
Quote from: Theoak* on August 23, 2022, 11:35:55 PM
Another leg down below this year's lows would entail another perfect storm I believe. Lending firms in chapter 11 going into liquidation, Mt Gox releasing 100k+ btc to creditors which could be sold on open market and also interest rates being bumped up.

Elections around November so if a low is going to be put in its between now and then.

Absolutely…. But….

2023
2026
2032
2035

Funny 2032 is exactly 10yrs away….. maxis gunna get wrecked if crypto doesn’t recover for 10yrs…..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 24, 2022, 01:17:54 PM
Biden pauses student loan payment until January 2023.

Forgives 10k of student loans.

Biggest crypto degenerates getting primed. All that is needed is some stimmy now…….

I bought more yesterday.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on August 24, 2022, 01:37:05 PM
Quote from: Mayday on August 24, 2022, 05:19:48 AM
Absolutely…. But….

2023
2026
2032
2035

Funny 2032 is exactly 10yrs away….. maxis gunna get wrecked if crypto doesn’t recover for 10yrs…..

Maxis is a term coined by Vitalik around 2015, any "Maxi" holding since  then is most certainly not rekt.

If BTC doesn't recover in 10years all the centralised shitcoins around it have no chance aswell. Likelihood of that  happening is very low. I guess that's why you went all in.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 25, 2022, 04:31:57 AM
Quote from: Theoak* on August 24, 2022, 01:37:05 PM
Maxis is a term coined by Vitalik around 2015, any "Maxi" holding since  then is most certainly not rekt.

If BTC doesn't recover in 10years all the centralised shitcoins around it have no chance aswell. Likelihood of that  happening is very low. I guess that's why you went all in.

Alway early adopters did well and HoDLed always telling late adopters to work hard……

I’m in it for the short timeframe. Either glory or my wreckage awaits.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on August 25, 2022, 06:22:04 AM
I'm holding onto about 10 cryptos that lend themselves well towards utility. There's just too much fluff out there with cute names that end up being worthless projects. This is one of the reasons I sold off all of my Cardano holdings a while back (really started to seem like a fluff project with an egotistical leader that's a fucking liar, who got caught). I also unloaded all of my Solana while it was still above $200 (had bought into it when it was around $14/SOL), which did bring me great profit, but a few friends put me on to the fact that it was a toy for venture capitalists to simply pump and dump the market with and that gave me the green light to jump off that ship.

I am starting to really entertain (invest into) $XRP. There's a lot of buzz surrounding its potential and it is incredibly well aligned with those that matter. Also, I sent some $XRP (about $250 worth) from one foreign exchange into a US-based exchanged and the entire process took less than 1 minute and only cost me a few pennies. That's impressive. As a tool for payment settlements, it's ridiculously impressive. I can see why central banks and local retail banks would love it as an option. Short of the hold up due to the SEC vs Ripple lawsuit (which I think is absolute bullshit) I think this project has a world of potential.

Are any of you HODL'ing $XRP? If so, what's your reason?

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on August 26, 2022, 10:10:27 AM
Quote from: OneMoreRep on August 25, 2022, 06:22:04 AM
I'm holding onto about 10 cryptos that lend themselves well towards utility. There's just too much fluff out there with cute names that end up being worthless projects. This is one of the reasons I sold off all of my Cardano holdings a while back (really started to seem like a fluff project with an egotistical leader that's a fucking liar, who got caught). I also unloaded all of my Solana while it was still above $200 (had bought into it when it was around $14/SOL), which did bring me great profit, but a few friends put me on to the fact that it was a toy for venture capitalists to simply pump and dump the market with and that gave me the green light to jump off that ship.

I am starting to really entertain (invest into) $XRP. There's a lot of buzz surrounding its potential and it is incredibly well aligned with those that matter. Also, I sent some $XRP (about $250 worth) from one foreign exchange into a US-based exchanged and the entire process took less than 1 minute and only cost me a few pennies. That's impressive. As a tool for payment settlements, it's ridiculously impressive. I can see why central banks and local retail banks would love it as an option. Short of the hold up due to the SEC vs Ripple lawsuit (which I think is absolute bullshit) I think this project has a world of potential.

Are any of you HODL'ing $XRP? If so, what's your reason?

"1"

I’ve been holding 50k Xrp for years now. For the reasons you mentioned. I’ve believed in it form the start and it has so much potential and connections.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on August 27, 2022, 03:13:45 AM
BTC $20,200.92
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on August 28, 2022, 04:47:10 PM
Quote from: FitnessFrenzy on August 27, 2022, 03:13:45 AM
BTC $20,200.92

🥵
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on August 28, 2022, 04:49:49 PM
😂
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on August 28, 2022, 05:27:21 PM
Quote from: robcguns on August 26, 2022, 10:10:27 AM
I’ve been holding 50k Xrp for years now. For the reasons you mentioned. I’ve believed in it form the start and it has so much potential and connections.

The way I see it, you're either going to walk away with not much money made OR you will walk away a millionaire from the amount of $XRP you hold.

There are rumors of it getting to $10, $30, $100, $589 and even > $1000 per $XRP. Market cap would argue against most of those higher numbers, but if it does in fact move the amount of volume between nations that people are speculating it might, then YOU WILL be very well off.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on August 28, 2022, 05:30:57 PM
Quote from: OneMoreRep on August 28, 2022, 05:27:21 PM
The way I see it, you're either going to walk away with not much money made OR you will walk away a millionaire from the amount of $XRP you hold.

There are rumors of it getting to $10, $30, $100, $589 and even > $1000 per $XRP. Market cap would argue against most of those higher numbers, but if it does in fact move the amount of volume between nations that people are speculating it might, then YOU WILL be very well off.

"1"


That’s the dream. I’d be pretty happy at 10.00. I used to have a good amount more but dumped it. I will hold this for a longtime.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on August 29, 2022, 11:57:35 PM
Quote from: OneMoreRep on August 25, 2022, 06:22:04 AM
I'm holding onto about 10 cryptos that lend themselves well towards utility. There's just too much fluff out there with cute names that end up being worthless projects. This is one of the reasons I sold off all of my Cardano holdings a while back (really started to seem like a fluff project with an egotistical leader that's a fucking liar, who got caught). I also unloaded all of my Solana while it was still above $200 (had bought into it when it was around $14/SOL), which did bring me great profit, but a few friends put me on to the fact that it was a toy for venture capitalists to simply pump and dump the market with and that gave me the green light to jump off that ship.

I am starting to really entertain (invest into) $XRP. There's a lot of buzz surrounding its potential and it is incredibly well aligned with those that matter. Also, I sent some $XRP (about $250 worth) from one foreign exchange into a US-based exchanged and the entire process took less than 1 minute and only cost me a few pennies. That's impressive. As a tool for payment settlements, it's ridiculously impressive. I can see why central banks and local retail banks would love it as an option. Short of the hold up due to the SEC vs Ripple lawsuit (which I think is absolute bullshit) I think this project has a world of potential.

Are any of you HODL'ing $XRP? If so, what's your reason?

"1"

Agreed.

I use it for transfers between foreign and local accounts and it costs a few cents, irrespective of the amount.

It is also extremely fast, almost instant.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on August 30, 2022, 05:08:22 AM
Quote from: Griffith on August 29, 2022, 11:57:35 PM
Agreed.

I use it for transfers between foreign and local accounts and it costs a few cents, irrespective of the amount.

It is also extremely fast, almost instant.

Can do exactly the same thing on lightning network with btc without the centralisation attached.In general, I think btc and lightnjng can bring more financial access to unbanked people, can give people more access to hard money or censorship-resistant payments, etc.

Bigger it gets, the more it could be use as a global settlement network. Strike and Bottlepay are using it for that purpose.

Btc base layer can process about as many annual settlements as Fedwire, and can do so in a decentralized way that anyone can connect to rather than being a closed sysetm. I think that's a pretty big deal.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on September 09, 2022, 09:07:08 PM
Gonna slowly unwind into cash as potential regulatory enforcements have me concerned. BTC and ETH look safe, but almost everything else could get nuked. BTC dominance could moon so still money potentially to be made.

I have access to free (stolen) electricity for 6 months and will be purchasing the discounted mining equipment on sale in the UK right now. It's prison or multi millionaire.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on September 10, 2022, 02:00:57 PM
Quote from: Flexacon on September 09, 2022, 09:07:08 PM
Gonna slowly unwind into cash as potential regulatory enforcements have me concerned. BTC and ETH look safe, but almost everything else could get nuked. BTC dominance could moon so still money potentially to be made.

I have access to free (stolen) electricity for 6 months and will be purchasing the discounted mining equipment on sale in the UK right now. It's prison or multi millionaire.

CPI print on Monday and then rate meeting a week later.

This coming rate rise was never in the original sell off to the low set in June. It was not priced in. market tried to sell off again but couldn’t because everything is so one sided (ie short). Something is broken.

Things are so massively over tightened now and central banks looking to go further. A perfect Setup for the next inflationary wave to start in 2023 meanwhile everyone is calling for epic crashes just like back in 2020.

The biggest red herring is ‘the pivot’ for rate cuts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on September 10, 2022, 03:41:08 PM
Quote from: Mayday on September 10, 2022, 02:00:57 PM
CPI print on Monday and then rate meeting a week later.

This coming rate rise was never in the original sell off to the low set in June. It was not priced in. market tried to sell off again but couldn’t because everything is so one sided (ie short). Something is broken.

Things are so massively over tightened now and central banks looking to go further. A perfect Setup for the next inflationary wave to start in 2023 meanwhile everyone is calling for epic crashes just like back in 2020.

The biggest red herring is ‘the pivot’ for rate cuts.
Nobody knows what the price will do. Seems to me the safest bet is to accumulate in a dollar cost average style and just forget about it for a long time. The guys that mined Bitcoin back in 2009 and just held eventually will get the last laugh.

What I don't like about trading is it is like gambling and creates tax preparation headaches. All these guys day trading crypto - are they doing that on KYC exchanges or not? It's not worth it to me to deal will all the tax BS that comes with that.

I think I prefer to just mine cryptos and accumulate in that way. Winter is perfect to mine in my region because the rigs heat the home. That way you are taking a gamble with the crypto you're mining but at least part of that gamble goes into increasing the temperature in your home.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Irongrip400 on September 10, 2022, 04:52:48 PM
Any of y’all do the Paraiba Network or whatever it’s called?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on September 10, 2022, 10:02:11 PM
Quote from: Mayday on September 10, 2022, 02:00:57 PM
CPI print on Monday and then rate meeting a week later.

This coming rate rise was never in the original sell off to the low set in June. It was not priced in. market tried to sell off again but couldn’t because everything is so one sided (ie short). Something is broken.

Things are so massively over tightened now and central banks looking to go further. A perfect Setup for the next inflationary wave to start in 2023 meanwhile everyone is calling for epic crashes just like back in 2020.

The biggest red herring is ‘the pivot’ for rate cuts.

I'm exiting positions because of potential regulations not market conditions.

The SEC has been vocal on supporting Bitcoin and Ethereum being regulated as commodities. Bullish for BTC and ETH but it doesn't look good for everything else.

No point taking the risk sitting in ALTS right now with this potential nuke. Actual nuke could be months or even years away, but with BTC dominance where it now ALTS don't look worth the risk.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on September 11, 2022, 02:09:28 PM
Quote from: Flexacon on September 10, 2022, 10:02:11 PM
I'm exiting positions because of potential regulations not market conditions.

The SEC has been vocal on supporting Bitcoin and Ethereum being regulated as commodities. Bullish for BTC and ETH but it doesn't look good for everything else.

No point taking the risk sitting in ALTS right now with this potential nuke. Actual nuke could be months or even years away, but with BTC dominance where it now ALTS don't look worth the risk.

Seems very manipulated. The trend is clearly down but you have sharp spikes to hammer shorts:

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on September 11, 2022, 03:37:09 PM
Quote from: Thin Lizzy on September 11, 2022, 02:09:28 PM
Seems very manipulated. The trend is clearly down but you have sharp spikes to hammer shorts:

Exchanges can see all leveraged positions and stop losses. The common belief is it's exchanges going hunting for early long or short positions.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on September 11, 2022, 05:15:04 PM
Quote from: Thin Lizzy on September 11, 2022, 02:09:28 PM
Seems very manipulated. The trend is clearly down but you have sharp spikes to hammer shorts:

0.75% rate hike this month and another 0.5% before year end not yet priced in. Sharemarket tried to sell off but couldn’t. It got to 3,890 and reversed.

Not manipulated but sharemarket can’t do what it expects it should do.

I don’t believe the ‘forward looking’ narrative. Maybe this is how the next ‘black swan?’ Event is created?

Everything hedged, market can no longer sell off to price in rate hikes and instead creates short squeeze after short squeeze by error. This gets us higher and higher then at some point rates and data look so bad people assume cuts and QE are coming which creates FOMO over these short squeezes and the entire thing goes bananas before and epic black swan collapse?

That’s my another of my short stories of total BS that won’t happen.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on September 11, 2022, 05:46:56 PM
Quote from: Flexacon on September 11, 2022, 03:37:09 PM
Exchanges can see all leveraged positions and stop losses. The common belief is it's exchanges going hunting for early long or short positions.

What seemed to have happened there is that Bitcoin broke downside support, traders jumped in and promptly got worked by the sharp reversal.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on September 11, 2022, 11:08:51 PM
Quote from: Mayday on September 11, 2022, 05:15:04 PM
0.75% rate hike this month and another 0.5% before year end not yet priced in. Sharemarket tried to sell off but couldn’t. It got to 3,890 and reversed.

Not manipulated but sharemarket can’t do what it expects it should do.

Quote from: Thin Lizzy on September 11, 2022, 05:46:56 PM
What seemed to have happened there is that Bitcoin broke downside support, traders jumped in and promptly got worked by the sharp reversal.

I would say both answer are correct, just depends on your timeline. Short time frame and the manipulation looks obvious. Longer timeframe and it's clear it follows the broader market.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Tennisballz on September 14, 2022, 09:17:13 AM
The big merge is on the horizon.  I have about 10.5 ethereum.  What do the getbig financial experts think about this?  I’ve been doing a ton of research over the past few days and it really seems to be 50/50 as there are multiple factors that could affect the price in one way or another.  I have some cash on the side but can’t decide whether to go in on more or just wait for now!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on September 20, 2022, 04:48:55 AM
So my feed is 80% sure we are going to 11k and the other 20% say it’s going to 6k.

At the start of the year My brother in law asked me to tell him when I thought the market had bottomed and when I was in. I told him, multiple times so he can’t blame me in the future. He said he will wait and see if this crash will play out.

Missing the bottom to then miss the 96k BTC top is going to cause utter carnage.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on September 20, 2022, 10:15:28 AM
Anyone receive ETHW after the Merge?

I received today and will just hold.

Who knows how it could look in the next bullrun? Possibly non-existent but value is so low right now may as well hold on to it.

ETC (Ethereum Classic) didn’t too bad and had some decent pumps so we’ll see what happens with ETHW.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on September 20, 2022, 10:31:10 PM
Quote from: Griffith on September 20, 2022, 10:15:28 AM
Anyone receive ETHW after the Merge?

I received today and will just hold.

Who knows how it could look in the next bullrun? Possibly non-existent but value is so low right now may as well hold on to it.

ETC (Ethereum Classic) didn’t too bad and had some decent pumps so we’ll see what happens with ETHW.

Yes, got my coins.

Perhaps they might do something in the next run but I’m not banking on it.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 04, 2022, 09:49:41 PM
In 3 days time, if we close around the price we are at today, We begin a fresh start.

In other words, the bottom is in for the last run we just had. We reset and start the next round.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 11, 2022, 09:24:58 PM
This is for Gib and Polydumbass from the Financial Times

Bitcoin > Gilts

(https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fce09dc37-58e1-4a92-be26-59a1802af83c.jpg?dpr=1&fit=scale-down&source=next&width=700)


We can’t believe we’re writing this . . . but long-term inflation-linked gilts have now crashed even harder than every online bro’s favourite digital “asset”.

Obviously this is a fight to be the least awful investment of the past year, and bitcoin is down about 67 per cent since last November. It’s hardly something to shout about for enthusiasts who claimed it would be a great inflation hedge.

But the fact that inflation-proofed long-term UK sovereign debt has done even worse has blown our minds. Just look at the chart at the top of this post. This is wild stuff.


https://www.ft.com/content/b3a83be1-a79f-4887-a622-cb1c7717e93f
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 12, 2022, 01:32:10 AM
Quote from: Flexacon on October 11, 2022, 09:24:58 PM
This is for Gib and Polydumbass from the Financial Times

Bitcoin > Gilts

(https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fce09dc37-58e1-4a92-be26-59a1802af83c.jpg?dpr=1&fit=scale-down&source=next&width=700)


We can’t believe we’re writing this . . . but long-term inflation-linked gilts have now crashed even harder than every online bro’s favourite digital “asset”.

Obviously this is a fight to be the least awful investment of the past year, and bitcoin is down about 67 per cent since last November. It’s hardly something to shout about for enthusiasts who claimed it would be a great inflation hedge.

But the fact that inflation-proofed long-term UK sovereign debt has done even worse has blown our minds. Just look at the chart at the top of this post. This is wild stuff.


https://www.ft.com/content/b3a83be1-a79f-4887-a622-cb1c7717e93f


Bottom is in and next top 96k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on October 16, 2022, 11:18:33 AM
Quote from: Mayday on October 12, 2022, 01:32:10 AM

Bottom is in and next top 96k.

want to buy bitcoin.... what exchange do you recommend?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on October 16, 2022, 11:19:22 AM
Quote from: TheGrinch on October 16, 2022, 11:18:33 AM
want to buy bitcoin.... what exchange do you recommend?

I would go crypto.com or coinbase pro.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on October 16, 2022, 11:23:45 AM
Quote from: robcguns on October 16, 2022, 11:19:22 AM
I would go crypto.com or coinbase pro.

thanks.... aren't their fees much higher?

Someone said ftx or kraken to me
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 16, 2022, 02:25:52 PM
Quote from: TheGrinch on October 16, 2022, 11:18:33 AM
want to buy bitcoin.... what exchange do you recommend?

For BTC and ETH I use exchanges inside my country authority because those exchanges are held to local regulations. I hold those coins in those exchanges.

For degenerate shitbag alt coins I use 1inch defi exchange.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on October 27, 2022, 01:08:57 PM
Amazon getting crushed after hours after Facebook getting the same today:

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 27, 2022, 02:58:07 PM
Quote from: Thin Lizzy on October 27, 2022, 01:08:57 PM
Amazon getting crushed after hours after Facebook getting the same today:

Lizzy and Flex, what are your thoughts on why ‘after hours’ suddenly seems to be where large moves are happening. Why is it not seen during trading hours?

PS I know zero about what after hours even is.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on October 27, 2022, 03:41:11 PM
Quote from: Mayday on October 27, 2022, 02:58:07 PM
Lizzy and Flex, what are your thoughts on why ‘after hours’ suddenly seems to be where large moves are happening. Why is it not seen during trading hours?

PS I know zero about what after hours even is.

Earnings releases typically take place after the market closes or before it opens. So, orders come in then and can have a big effect. It’s the same drill with economic reports like employment data or the CPI which are released before the open.

I’ve yet to figure out a way to play it as you’re just taking a guess as to how the market will react and if you’re wrong you can get hurt. I just stay clear.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 27, 2022, 04:01:57 PM
Quote from: Mayday on October 27, 2022, 02:58:07 PM
Lizzy and Flex, what are your thoughts on why ‘after hours’ suddenly seems to be where large moves are happening. Why is it not seen during trading hours?

PS I know zero about what after hours even is.

Most major news regarding a company breaks after hours (and pre market) Amazon and apple quarterly earnings were announced after hours today. Amazon had pretty bad earnings and dumped hard. Apple did okay, but got dragged down by Amazon dump.

Large moves have always happened after hours though. Stocks are more volatile right now so the dumps and pumps seem pretty wild, but it's always been like this.

If you took the historical average of market hours trading (buy open, sell close) it's slightly red, but basically trades flat. Do the same for when markets are closed and it's up several 100 percentages
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 27, 2022, 10:43:42 PM
Cheers lads  :)

Sharemarket looks crazy one sided. All I red is how people are going to short it from here. Same with crypto, oh it’ll go to xx and then I’ll short it again……

If something goes wrong it feels like everything might go to the upside. Then people short it again because ‘it’s gunna crash’ but it grinds up, rinse and repeat and things end up grinding higher and higher.

Then with so many in cash waiting for a crash…. What do they do? Buy? Price grinds higher once again…..

time wise we are edging closer and closer to big stimmy. What if this grinds up and then we hit Jan, stimmy comes in and then Market declares  ‘stimmy in, bullrun has started!’ And then we see a FOMO run for months on……
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 28, 2022, 02:16:12 AM
Kind of like the property crash calls for the last year and people are sitting on the sidelines waiting for some epic crash but it hasn’t turned up.

Housing supply is tight as hell not just because newConstructions now take a year to complete instead of 4 months but owners have mortgages at 3% and don’t want to sell because the new rates are at 7%. The crash simply can’t manifest itself because there is so much weird stuff going on in the background.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on October 28, 2022, 06:05:38 AM
Quote from: robcguns on October 16, 2022, 11:19:22 AM
I would go crypto.com or coinbase pro.

LMAO

Great advice, crypto.com is a few weeks from filing for bankruptcy, invest there and you won't see any of your money ever again ;D



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 28, 2022, 01:43:48 PM
Quote from: affeman on October 28, 2022, 06:05:38 AM
LMAO

Great advice, crypto.com is a few weeks from filing for bankruptcy, invest there and you won't see any of your money ever again ;D

This is a very poorly informed post.

The biggest selling/marketing point for crypto is that you can buy it from an exchange like crypto.com and send it to your own private wallet.

It doesn't matter what happens to crypto.com after this as you now have custody of the asset.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on October 28, 2022, 11:00:23 PM
Binance has low trading fees, 0.1%, but can be lower if using BNB for fees.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 06, 2022, 09:08:28 AM
FTX Token (FTT) could be gearing up to do a Luna. Anyone with Sol and Algo bags needs to watch out for a dump too.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on November 08, 2022, 03:21:24 PM
Quote from: Flexacon on November 06, 2022, 09:08:28 AM
FTX Token (FTT) could be gearing up to do a Luna. Anyone with Sol and Algo bags needs to watch out for a dump too.

Another shitcoin bites the dust. Timely reminder that Btc has no CEO. The guys networth went from 14billion to 900million in under 24hrs.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 09, 2022, 06:25:08 AM
My schadenfreude knows no bounds.

Sol looks like it is getting ready to give it all back by the weekend.

13K Btc could be a bottom
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 09, 2022, 11:29:18 AM
Quote from: Flexacon on November 09, 2022, 06:25:08 AM
My schadenfreude knows no bounds.

Sol looks like it is getting ready to give it all back by the weekend.

13K Btc could be a bottom

My HEX and HEdron positions are just above water.l those will drop shortly I think. That’s fine as they are 2025-26 timeframe anyway and I am happy to ride these out.

Ironically the ones I thought were safe which was SOL and AVAX, are fucked. I sold 100%  of my SOL for a 25% loss and now that remaining 25% is 50% down. My AVAX is 25% down, I’ll hold for now. for SOL my thought was will this do another LUNA? This was the exact same scenario and I hated the thought of riding it all to 0.000001.

These Ivory tower operators still doing the same stuff. Taking loans on holdings then becoming illiquid and collapsing.

In history when we broke below the long standing lows we saw a further 50% drop. So this will be interesting. I had a number of strong signals say this was the bottom so it’s interesting they all seem to have failed.

What is interesting is this has not change the BTC dominance.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 09, 2022, 11:54:47 AM
Quote from: Mayday on November 09, 2022, 11:29:18 AM
My HEX and HEdron positions are just above water.l those will drop shortly I think. That’s fine as they are 2025-26 timeframe anyway and I am happy to ride these out.

Ironically the ones I thought were safe which was SOL and AVAX, are fucked. I sold 100%  of my SOL for a 25% loss and now that remaining 25% is 50% down. My AVAX is 25% down, I’ll hold for now. for SOL my thought was will this do another LUNA? This was the exact same scenario and I hated the thought of riding it all to 0.000001.

These Ivory tower operators still doing the same stuff. Taking loans on holdings then becoming illiquid and collapsing.

In history when we broke below the long standing lows we saw a further 50% drop. So this will be interesting. I had a number of strong signals say this was the bottom so it’s interesting they all seem to have failed.

What is interesting is this has not change the BTC dominance.

SOL is centralized crap that is fundamentally flawed. Its price was pumped by VCs involved in Alameda. It won't go to 0.000001, but under $10 definitely, possibly under $3.

People sell and go into stablecoin. Check BTC dominance excluding stablecoins and you'll get the real dominance.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 09, 2022, 12:20:46 PM
Quote from: Flexacon on November 09, 2022, 11:54:47 AM
SOL is centralized crap that is fundamentally flawed. Its price was pumped by VCs involved in Alameda. It won't go to 0.000001, but under $10 definitely, possibly under $3.

People sell and go into stablecoin. Check BTC dominance excluding stablecoins and you'll get the real dominance.

All coins are pumped.

The only real difference seems to be some of the players take huge leverage against other people’s deposits..

Dominance hasn’t really changed between the top coins  ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 09, 2022, 12:54:03 PM
Quote from: Mayday on November 09, 2022, 12:20:46 PM
All coins are pumped.

The only real difference seems to be some of the players take huge leverage against other people’s deposits..

Dominance hasn’t really changed between the top coins  ???

Dominance is up, but not much. Give it a few days.

Market doesn't look like it's done dumping either. Btc drops another 25%, Eth 50% Alts 60% plus and that sends Btc dominance up.

It's full bear mode. FTT to 0.0X, miner capitulation, harsher calls for regulations in US because of FTT. It's gonna wash Alts out in big way

Sol was pumped like a shit coin and on lies. Eth killer, cheap gas, partnerships, it's mobile phone etc. But the fundamental issue with it is that it doesn't work. It "broke" plenty of times, but degens just didn't care. It only works as a centralized blockchain, but that kinda defeats the purpose.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on November 09, 2022, 03:38:24 PM
Wonder how much he had invested. Couldn’t find the answer🤔

Tom Brady risks losing ENTIRE investment after FTX exchange he plunged fortune into crash

https://www.dailymail.co.uk/sport/sportsnews/article-11408011/Tom-Brady-risks-losing-ENTIRE-investment-FTX-exchange-plunged-fortune-crash.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Abelard Lindsey on November 09, 2022, 04:38:12 PM
They say FTX's founder is on the run. Apparently he used investor funds, in segregated accounts, to fund his own trading group, called Alameda. If so, he should be put in prison for a long time. Of course we know of another well-connected democrat who did the same thing with client's money and got away with it, Jon Corzine of MF Fund.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on November 09, 2022, 06:01:41 PM
Quote from: Abelard Lindsey on November 09, 2022, 04:38:12 PM
They say FTX's founder is on the run. Apparently he used investor funds, in segregated accounts, to fund his own trading group, called Alameda. If so, he should be put in prison for a long time. Of course we know of another well-connected democrat who did the same thing with client's money and got away with it, Jon Corzine of MF Fund.

Rumor has it the young boy might go to prison if this gets properly investigated, which the SEC has started to do.

Frankly, seems like he very much deserves it given what's been reported.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 09, 2022, 06:48:30 PM
Quote from: OneMoreRep on November 09, 2022, 06:01:41 PM
Rumor has it the young boy might go to prison if this gets properly investigated, which the SEC has started to do.

Frankly, seems like he very much deserves it given what's been reported.

"1"

Can the SEC do anything? SBF doesn't live in the US and FTX doesn't operate in the US. There is a separate company FTX.US and that's in good health.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on November 09, 2022, 09:41:24 PM
Quote from: OneMoreRep on November 09, 2022, 06:01:41 PM
Rumor has it the young boy might go to prison if this gets properly investigated, which the SEC has started to do.

Frankly, seems like he very much deserves it given what's been reported.

"1"

The days of issuing tokens out of thin air are gone, governments  will go after people. Many players small and big lost $$$. As bad as it sounds this is what is needed  20k altcoins need to be flushed. This is the last flush of leverage.

FTX is apparently in a 8billion dollar hole, somebody is going inside.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 11, 2022, 02:55:51 AM
Quote from: Flexacon on November 09, 2022, 12:54:03 PM
Dominance is up, but not much. Give it a few days.

Market doesn't look like it's done dumping either. Btc drops another 25%, Eth 50% Alts 60% plus and that sends Btc dominance up.

It's full bear mode. FTT to 0.0X, miner capitulation, harsher calls for regulations in US because of FTT. It's gonna wash Alts out in big way

Sol was pumped like a shit coin and on lies. Eth killer, cheap gas, partnerships, it's mobile phone etc. But the fundamental issue with it is that it doesn't work. It "broke" plenty of times, but degens just didn't care. It only works as a centralized blockchain, but that kinda defeats the purpose.

I was hoping we’d just track along that level as S&P was ok. Was right for 4 months but breaking through was a bad sign.

The big boys won’t even touch BTC at 9k so…. Yeah……
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 11, 2022, 03:48:59 AM
Looks like we're entering into depression...

(https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe013a0bc-9793-45d6-97a5-0e595064bf92_768x624.jpeg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 11, 2022, 04:42:27 AM
Quote from: Griffith on November 11, 2022, 03:48:59 AM
Looks like we're entering into depression...

(https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe013a0bc-9793-45d6-97a5-0e595064bf92_768x624.jpeg)

I think we're at denial and the start of panic. The FTX contagion and bank runs could still take out other exchanges and their tokens. Traders and lenders could get screwed. Miners are in capitulation territory too.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 11, 2022, 07:29:55 AM
Quote from: Flexacon on November 11, 2022, 04:42:27 AM
I think we're at denial and the start of panic. The FTX contagion and bank runs could still take out other exchanges and their tokens. Traders and lenders could get screwed. Miners are in capitulation territory too.

I say 'depression' judging from the comments I'm seeing on Twitter and other groups.

But I do think another leg-down is very possible. The dust hasn't cleared yet.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on November 11, 2022, 02:41:58 PM
We will look back on this as the biggest ponzu scam in history.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: oldschoolfan on November 11, 2022, 03:09:30 PM
bitcoin is worthless, was invented to conduct illegal transactions and lets be honest that is what most people buy it for.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on November 11, 2022, 03:10:47 PM
Crypto will boom bigger than ever eventually. I see 5 trillion next run.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on November 11, 2022, 05:45:08 PM
Quote from: Mayday on November 11, 2022, 02:55:51 AM
I was hoping we’d just track along that level as S&P was ok. Was right for 4 months but breaking through was a bad sign.

The big boys won’t even touch BTC at 9k so…. Yeah……

The pattern has been a sharp drop followed by a long sideways channel. Makes it very hard to short. How many times did it go back and forth with 20k as a pivot point?

I also suspect the sharp rise in the S&P was traders leaning the wrong way thinking the stock market was gonna follow Bitcoin down. Market makers used the CPI report as a pretext to spike the market the other way.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 11, 2022, 06:54:48 PM
Quote from: robcguns on November 11, 2022, 03:10:47 PM
Crypto will boom bigger than ever eventually. I see 5 trillion next run.

Long term I'm still very bullish too, but it could take a while. I think we're about to enter a 2015 type year long sideways market.

We'll get regulations coming in and this will allow traditional market makers to enter the space. Citadel, Virtu, Jane Street etc. They will probably use something similar to the FTX/Alemeda model, just without the degeneracy.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 12, 2022, 02:33:33 PM
I like this James. He puts a lot of research into his videos, but he has to be one of the unluckiest (or worst) investors in the space.

He was a Luna bull, Sol bull, 3AC, Voyager, FTX hypeman. Yoloed BTC at the 48k march peak.

His main plays left are Tesla, Btc and Eth. If he maintains his track record we're all fucked.

(https://pbs.twimg.com/media/Fg0TGWkWYAA-e5U.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on November 12, 2022, 03:20:39 PM
Quote from: Flexacon on November 12, 2022, 02:33:33 PM
I like this James. He puts a lot of research into his videos, but he has to be one of the unluckiest (or worst) investors in the space.

He was a Luna bull, Sol bull, 3AC, Voyager, FTX hypeman. Yoloed BTC at the 48k march peak.

His main plays left are Tesla, Btc and Eth. If he maintains his track record we're all fucked.

(https://pbs.twimg.com/media/Fg0TGWkWYAA-e5U.jpg)

And celsius. He has 4btc stuck on  Celsius. That was just in referral fees. He capped his patrons membership at 10000 people and was charging up to $1200 a year.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 12, 2022, 03:44:59 PM
Quote from: Theoak* on November 12, 2022, 03:20:39 PM
And celsius. He has 4btc stuck on  Celsius. That was just in referral fees. He capped his patrons membership at 10000 people and was charging up to $1200 a year.

He is stealing a living!

Quote from: Mayday on November 09, 2022, 12:20:46 PM
All coins are pumped.

The only real difference seems to be some of the players take huge leverage against other people’s deposits..

Dominance hasn’t really changed between the top coins  ???

Here is what  BTC dominance looks like without stablecoin. It's due a pump (alt dump)

(https://pbs.twimg.com/media/FhZm3QEX0AI8NQI?format=jpg&name=small)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 12, 2022, 06:08:56 PM
Quote from: Thin Lizzy on November 11, 2022, 05:45:08 PM
The pattern has been a sharp drop followed by a long sideways channel. Makes it very hard to short. How many times did it go back and forth with 20k as a pivot point?

I also suspect the sharp rise in the S&P was traders leaning the wrong way thinking the stock market was gonna follow Bitcoin down. Market makers used the CPI report as a pretext to spike the market the other way.

I was correct with the S&P pump which I was using as my crypto shield. 4 months with only half a day of my position going underwater, I was cool as a cucumber until FTX lol.

My HEX and Hedron are still 15%-40% up from my entry (go figure) but a further propper nuke those will get sunk. They are my hedge if things go north so they’ll sit there.

IMO losing 17.5k is the worst case scenario for crypto. Unless this is a fakeout, 3.5k-6k….. 👀

Quote from: Flexacon on November 12, 2022, 03:44:59 PM
He is stealing a living!

Here is what  BTC dominance looks like without stablecoin. It's due a pump (alt dump)

(https://pbs.twimg.com/media/FhZm3QEX0AI8NQI?format=jpg&name=small)


Given 15.5k barely budged the dominance needle.

Everyone waiting for 11k-13k so I wouldn’t think dominance will change all that much until we are well under that level and people begin thinking crypto is dead…..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 12, 2022, 08:49:25 PM
Crypto.com is feeling the wrath of crypto twitter right for some sketchy shit involving Gate .io

Possible bank runs of both incoming.

My $150 on crypto.com are out of there  ;D

Add Huobi to that too.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 12, 2022, 09:01:52 PM
Quote from: Flexacon on November 12, 2022, 08:49:25 PM
Crypto.com is feeling the wrath of crypto twitter right for some sketchy shit involving Gate .io

Possible bank runs of both incoming.

My $150 on crypto.com are out of there  ;D

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on November 13, 2022, 01:00:44 AM
Hopefully everyone on here has sold their crypto by now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on November 13, 2022, 05:01:05 AM
Quote from: Mayday on November 09, 2022, 11:29:18 AM
My HEX and HEdron positions are just above water.l those will drop shortly I think. That’s fine as they are 2025-26 timeframe anyway and I am happy to ride these out.

Mayday, how high do you reckon HEX could go in the next bull market?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on November 13, 2022, 05:02:23 AM
Quote from: Humble Narcissist on November 13, 2022, 01:00:44 AM
Hopefully everyone on here has sold their crypto by now.

You mean "every trader."

I invest, I don't trade. And I'm holding on to my cryptos like I did in 2017.

I am tired of paying taxes and financing the IRS. FTS!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 13, 2022, 09:13:36 PM
Quote from: Slapper on November 13, 2022, 05:01:05 AM
Mayday, how high do you reckon HEX could go in the next bull market?

My crypto bottom call was wrong so it means all my other crypto numbers will also be wrong and my assumptions on dominance will be wrong.

I waited almost 8 months for that entry from mid 50s down to 17.5k. Onto the next target now which is sub 8k.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on November 14, 2022, 03:29:04 AM
Quote from: Slapper on November 13, 2022, 05:02:23 AM
You mean "every trader."

I invest, I don't trade. And I'm holding on to my cryptos like I did in 2017.

I am tired of paying taxes and financing the IRS. FTS!
It appears that crypto is a terrible investment.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: GymnJuice on November 14, 2022, 04:56:10 AM
Quote from: Humble Narcissist on November 14, 2022, 03:29:04 AM
It appears that crypto is a terrible investment.

It might be a bad investment, but I think it would be great if we transitioned to something that governments couldn't print out on a whim for handouts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Marty Champions on November 14, 2022, 05:37:23 AM
Invest in whatever buisness that cashflows monthly
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: robcguns on November 14, 2022, 06:14:42 AM
Quote from: Mayday on November 13, 2022, 09:13:36 PM
My crypto bottom call was wrong so it means all my other crypto numbers will also be wrong and my assumptions on dominance will be wrong.

I waited almost 8 months for that entry from mid 50s down to 17.5k. Onto the next target now which is sub 8k.

Sub 8k would be awesome.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on November 14, 2022, 10:07:25 AM
From what I gather, these FTX guys are going to do some serious time. Apparently they used the deposits from the trading exchange to prop up their failing hedge fund. That’s fraud. They’ll probably be made an example.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on November 14, 2022, 11:07:31 AM
Quote from: Marty Champions on November 14, 2022, 05:37:23 AM
Invest in whatever buisness that cashflows monthly

I'm hoping to scale up my landscaping business by starting a vegan restaurant with the lawn trimmings
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on November 14, 2022, 01:54:06 PM
It’s amazing. For all the endless blathering about what the market is gonna do, it has gone a grand total of nowhere in the last six months.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on November 15, 2022, 12:51:04 AM
Quote from: Marty Champions on November 14, 2022, 05:37:23 AM
Invest in whatever buisness that cashflows monthly
Do you follow Grant Cardone?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on November 15, 2022, 05:35:23 AM
This guy was portrayed as a Bohemian but in reality he had like 200m of property in the Bahamas.


Sam Bankman-Fried’s $40m Bahamas penthouse reportedly up for sale | Cryptocurrencies | The Guardian


https://www.theguardian.com/technology/2022/nov/14/sam-bankman-fried-bahamas-penthouse-ftx-crypto
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 15, 2022, 08:12:20 AM
Quote from: Thin Lizzy on November 14, 2022, 10:07:25 AM
From what I gather, these FTX guys are going to do some serious time. Apparently they used the deposits from the trading exchange to prop up their failing hedge fund. That’s fraud. They’ll probably be made an example.


SamBF was running a good old fashioned ponzi on top of another ponzi crypto. He took advantage of the high risk, unregulated and speculative nature of the crypto space.

It's also very much worth pointing that crypto as an asset class wasn't what failed here. The SBF/FTX drama actually shows why centralized platforms are not ideal. The original thesis for crypto is decentralization. If FTX was a decentralized platform then the rug pull would not have been possible.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on November 15, 2022, 08:27:48 AM
Quote from: Flexacon on November 15, 2022, 08:12:20 AM

SamBF was running a good old fashioned ponzi on top of another ponzi crypto. He took advantage of the high risk, unregulated and speculative nature of the crypto space.

It's also very much worth pointing that crypto as an asset class wasn't what failed here. The SBF/FTX drama actually shows why centralized platforms are not ideal. The original thesis for crypto is decentralization. If FTX was a decentralized platform then the rug pull would not have been possible.

It was bad risk management. Was too levered up. Then got into a hole. Overtraded to get out of it and got in deeper.

Good podcast on the subject. Apparently all the money he was donating to the Democrats was to ram legislation through to fuck his decentralized competitors.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 15, 2022, 09:35:15 AM
Quote from: Thin Lizzy on November 15, 2022, 08:27:48 AM
It was bad risk management. Was too levered up. Then got into a hole. Overtraded to get out of it and got in deeper.

Good podcast on the subject. Apparently all the money he was donating to the Democrats was to ram legislation through to fuck his decentralized competitors.

I spent a few days unravelling this during/after it happened and a bunch of fluff pieces on him are now doing the rounds. I'm not sure which way the podcast is portraying it, but these are the facts.

He stole customer deposits from his exchange which is meant to hold 1:1 deposits to reserves to front run, price manipulate and gamble with on his trading platform. Even if he didn't get into a hole trading he was committing fraud and the exchange was never holding 1:1

He also used his FTX token to "print money". Offered 15% rewards for staking to pump and fake its valuation to use as collateral to get loans.

This wasn't a bad risk management issue. It was a straight up ponzi fraud which had a backdoor built in to it from day 1 to circumvent compliance and steal customer funds.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on November 15, 2022, 11:13:02 AM
Quote from: Flexacon on November 15, 2022, 09:35:15 AM
I spent a few days unravelling this during/after it happened and a bunch of fluff pieces on him are now doing the rounds. I'm not sure which way the podcast is portraying it, but these are the facts.

He stole customer deposits from his exchange which is meant to hold 1:1 deposits to reserves to front run, price manipulate and gamble with on his trading platform. Even if he didn't get into a hole trading he was committing fraud and the exchange was never holding 1:1

He also used his FTX token to "print money". Offered 15% rewards for staking to pump and fake its valuation to use as collateral to get loans.

This wasn't a bad risk management issue. It was a straight up ponzi fraud which had a backdoor built in to it from day 1 to circumvent compliance and steal customer funds.

Didn’t know about this. Apparently, his compliance head was involved in an online poker fraud scheme where they could see players hole cards. Those companies were based in the Bahamas too. Guys probably just moved from online poker to crypto.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 15, 2022, 11:36:38 AM
Quote from: Thin Lizzy on November 15, 2022, 11:13:02 AM
Didn’t know about this. Apparently, his compliance head was involved in an online poker fraud scheme where they could see players hole cards. Those companies were based in the Bahamas too. Guys probably just moved from online poker to crypto.

There are people who think Sam and the other young faces involved must have had handlers to pull this off.

Also after FTX filed for bankruptcy a "hacker" stole some of the remaining crypto assets, $200 million+

It was done at such speed and in a clinical way that only someone with knowledge of the internal system could pull off. They also spread malware across the app and site and wiped some databases.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 15, 2022, 05:26:32 PM
CoinSpot and KuCoin apparently up next.

I have an account on Coinspot from 2021, it’s shit, total lack of liquidity. I had 60k across a bunch of alts of which I had 15k profit. By the time I sold I was at break even lol. Even 3k sell moved the damn price. On the main exchange I can move 500k in 30 seconds with barely a whiff of movement.

Anyhoo I received an email from them yesterday asking for me to verify my identity. Naughty people had no KYC when they were supposed to back in 2021 and only now catching up to it. Likely means they are looking to cover asses. A second email from them came through minutes later saying how easy it was for me to transfer my crypto coins onto their exchange……
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on November 15, 2022, 11:16:53 PM
Quote from: Mayday on November 13, 2022, 09:13:36 PM
My crypto bottom call was wrong so it means all my other crypto numbers will also be wrong and my assumptions on dominance will be wrong.

I waited almost 8 months for that entry from mid 50s down to 17.5k. Onto the next target now which is sub 8k.


Sub 8k, I don't think so. Maybe if binance went down but I'd assign less than 10% chance. The contagion will probably spread to smaller players but none that effected that market quite like luna and 3ac. That wiped 10k off the price.

Who are the players to go down to wife another 8-10k? Genesis  trading, binance, tether?

If 15-16k is the bottom and the industry as a whole benefits from this then next bull run  target might surpass  your 96k prediction.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 16, 2022, 12:12:54 AM
Quote from: Theoak* on November 15, 2022, 11:16:53 PM

Sub 8k, I don't think so. Maybe if binance went down but I'd assign less than 10% chance. The contagion will probably spread to smaller players but none that effected that market quite like luna and 3ac. That wiped 10k off the price.

Who are the players to go down to wife another 8-10k? Genesis  trading, binance, tether?

If 15-16k is the bottom and the industry as a whole benefits from this then next bull run  target might surpass  your 96k prediction.



Blockfi now gonesk, just emailed clients they’ve frozen everything. No liquidation yet from them so that will happen shortly.

CoinSpot is on the edge aswell. Kucoin also in trouble.

Saylor gets his next margin call at 13.5k and he keeps posting collateral NOT paying cash for calls which means he can’t close his position.

At 15.5k plebs were buying alts meanwhile Big money was running away from a 8.5k price……
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 16, 2022, 02:17:15 AM
Speaking of targets, the 3AC guys were the first degenerates and said the exchange leaked their trades and stops so they got hunted down and belted.

So there is some background fighting going on. Saylor definitely has a huge target on his back so it isn’t all that crazy to think his stops will be run or he has death by a thousand paper cuts. Each day below 31k he is underwater and carrying 1B debt @ 6% of which his business doesn’t have the cash to cover.

Saylor thinks BTC skyrockets but perhaps the next top is 48k 👀
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Necrosis on November 16, 2022, 04:10:47 AM
Quote from: Humble Narcissist on November 14, 2022, 03:29:04 AM
It appears that crypto is a terrible investment.

bitcoin is literally one of the best investments in the last ten years, i believe it is factually the best in terms of ROI. You mean this current downtrend?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on November 16, 2022, 05:57:52 AM
Quote from: Mayday on November 16, 2022, 12:12:54 AM
Blockfi now gonesk, just emailed clients they’ve frozen everything. No liquidation yet from them so that will happen shortly.

CoinSpot is on the edge aswell. Kucoin also in trouble.

Saylor gets his next margin call at 13.5k and he keeps posting collateral NOT paying cash for calls which means he can’t close his position.

At 15.5k plebs were buying alts meanwhile Big money was running away from a 8.5k price……

Genesis just went down.

https://twitter.com/GenesisTrading/status/1592867198900768769?s=20&t=9zWCmAxESAKmAURSHeeb7w
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 16, 2022, 11:14:44 AM
Quote from: Theoak* on November 16, 2022, 05:57:52 AM
Genesis just went down.

https://twitter.com/GenesisTrading/status/1592867198900768769?s=20&t=9zWCmAxESAKmAURSHeeb7w

Which has contagion to Gemini who also just went down. Apparently Saylor took a loan from Genesis but I can’t find the details on it.

Now apparently Silvergate Bank have contagion to this mess and they are the ones who lend money to Saylor……. The guy who posts collateral to cover margin calls instead of selling BTC and using that money to pay the margin call……

Saylor intends to use every single BTC as collateral to cover margin calls down to 3,500. If something were to cause discomfort to Silvergate they could advise Saylor to close his position in which case at a price of 13.5k he would become a disgruntled seller of 35k BTC to close.

Wadda mess
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on November 16, 2022, 11:35:36 AM
Quote from: Mayday on November 16, 2022, 11:14:44 AM
Which has contagion to Gemini who also just went down. Apparently Saylor took a loan from Genesis but I can’t find the details on it.

Now apparently Silvergate Bank have contagion to this mess and they are the ones who lend money to Saylor……. The guy who posts collateral to cover margin calls instead of selling BTC and using that money to pay the margin call……

Saylor intends to use every single BTC as collateral to cover margin calls down to 3,500. If something were to cause discomfort to Silvergate they could advise Saylor to close his position in which case at a price of 13.5k he would become a disgruntled seller of 35k BTC to close.

Wadda mess

That saylor guy needs to be taken behind the barn and put out of his misery. What an idiot lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on November 16, 2022, 12:19:04 PM
Quote from: Mayday on November 16, 2022, 11:14:44 AM
Which has contagion to Gemini who also just went down. Apparently Saylor took a loan from Genesis but I can’t find the details on it.

Now apparently Silvergate Bank have contagion to this mess and they are the ones who lend money to Saylor……. The guy who posts collateral to cover margin calls instead of selling BTC and using that money to pay the margin call……

Saylor intends to use every single BTC as collateral to cover margin calls down to 3,500. If something were to cause discomfort to Silvergate they could advise Saylor to close his position in which case at a price of 13.5k he would become a disgruntled seller of 35k BTC to close.

Wadda mess

Gemini hasn't gone down......yet.


"Gemini exchange fully back online; all customer funds held on the Gemini exchange are held 1:1 and available for withdrawal at any time."
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on November 17, 2022, 02:16:28 AM
Quote from: Necrosis on November 16, 2022, 04:10:47 AM
bitcoin is literally one of the best investments in the last ten years, i believe it is factually the best in terms of ROI. You mean this current downtrend?
It is a classic ponzi scheme. Those who got in and out early made big money. Everyone else was duped.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Necrosis on November 17, 2022, 10:01:15 AM
Quote from: Humble Narcissist on November 17, 2022, 02:16:28 AM
It is a classic ponzi scheme. Those who got in and out early made big money. Everyone else was duped.

Its after going up and down many times, its not a ponzi scheme. Crypto does have real world applications and is a natural advancement on cloud computing.

This is an exchange issue, not a crypto issue.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on November 17, 2022, 10:37:31 AM
Quote from: Necrosis on November 17, 2022, 10:01:15 AM
Its after going up and down many times, its not a ponzi scheme. Crypto does have real world applications and is a natural advancement on cloud computing.

This is an exchange issue, not a crypto issue.

Price cuts through all the bullshit. Once the  etf went public, Bitcoin went down the toilet for good. Classic pump and dump.

EVERYONE who bought this lost money:

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: TheGrinch on November 17, 2022, 10:54:50 AM
Bernie Madoff, Bankman-Fried, Zelensky, Fink, Yellen, Soros.  Wonder what all these people have in common?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 17, 2022, 11:01:12 AM
Quote from: Thin Lizzy on November 17, 2022, 10:37:31 AM
Price cuts through all the bullshit. Once the  etf went public, Bitcoin went down the toilet for good. Classic pump and dump.

EVERYONE who bought this lost money:

Bitcoin has pumped and then dumped over 80% 3 times already. It's on it's 4th cycle now, it's pumped and now almost dumped 80%.

A lot of money is waiting to buy it when does dump 80% plus. This will push the price up and then others start to FOMO in. Price eventually squeezes. It's just market dynamics now. Only new/unfavourable regulation stops another cycle.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: sculpture on November 17, 2022, 02:47:05 PM
Its junk
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on November 17, 2022, 06:27:18 PM
Buy tulips.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dave D on November 17, 2022, 06:50:42 PM
Quote from: IroNat on November 17, 2022, 06:27:18 PM
Buy tulips.

Lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: sync pulse on November 17, 2022, 07:19:23 PM
As I understand it...Cryptocurrency works because of computer banks doing math/mining ALL the time...What if over time computer banks stop running the programs?...All the wealth disappears?...What if after it stops someone tries to restart "The Bitcoin Algorithm"...Would the wealth reappear?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on November 18, 2022, 10:11:03 AM
Quote from: IroNat on November 17, 2022, 06:27:18 PM
Buy tulips.
This ain't Denmark. ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Necrosis on November 18, 2022, 10:22:56 AM
Quote from: Thin Lizzy on November 17, 2022, 10:37:31 AM
Price cuts through all the bullshit. Once the  etf went public, Bitcoin went down the toilet for good. Classic pump and dump.

EVERYONE who bought this lost money:

This has happened three times already, so its more of a pump n dump, pump and dump, pump and dump and pump and now this dump.


There is nothing classic about that. Again, it is one of the best investments in the last ten years.  so if its a classic pump and dump we are all fucked.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 18, 2022, 10:39:05 PM
Quote from: Mayday on November 18, 2022, 09:46:02 PM
Big money now sprinting away from Grayscale 👀

48% discount now. Big money isn’t interested at 8,700 right now.

Contagion. The worry is 3AC unwinding might end up taking down Greyscale. Also some less than convincing tweets from greyscale trying to reassure their clients
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on November 19, 2022, 04:17:27 AM
Quote from: Mayday on November 18, 2022, 09:46:02 PM
Big money now sprinting away from Grayscale 👀

48% discount now. Big money isn’t interested at 8,700 right now.

Not Grayscale, GBTC. The reason I make a distinction is because 1) Grayscale is a cash cow, it's their parent company that has the exposure, 2) Bitcoin's price is highly dependent on Grayscale's constant daily buying and 3) GBTC is going to be one of the stocks to MUST OWN coming out of this capitulation event because I highly suspect that they're going to settle their lawsuit with the SEC soon (so will XRP) and the discount is going to close out immediately catching many by surprise.

Let's not lose sight of the fact that GBTC is a trust that makes an insane amount of money for Grayscale. This company IS NOT going to go bankrupt. Lots of noise, lots of screaming from longs, lots of yelling from people wanting the discount to go away but it ain't going anywhere.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on November 19, 2022, 04:19:33 AM
Quote from: Flexacon on November 18, 2022, 10:39:05 PM
Contagion. The worry is 3AC unwinding might end up taking down Greyscale. Also some less than convincing tweets from greyscale trying to reassure their clients

It's Grayscale. And how exactly is a "contagion" going to take down a company that ONLY makes money and has essentially no overhead (comparatively speaking)?

You guys are falling for the trap.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 19, 2022, 04:46:40 AM
Quote from: Slapper on November 19, 2022, 04:19:33 AM
It's Grayscale. And how exactly is a "contagion" going to take down a company that ONLY makes money and has essentially no overhead (comparatively speaking)?

You guys are falling for the trap.


Subsidiary of the same parent company needs a $1 billion liquidity injection by Monday and you're trying to tell us we should ignore this? What trap are we falling for here exactly?

People asked Grayscale to show proof of reserve and their response was basically to say "no, it's a security risk".

If people didn't like that answer then Grayscale have no one to blame, but themselves.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on November 19, 2022, 01:05:27 PM
I’m still seeing “Crypto.com” ads on the financial networks. So, there’s still some institutional support for the industry.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 19, 2022, 01:51:31 PM
Quote from: Mayday on November 19, 2022, 12:35:31 PM
Yup, the coverups created huge contagion. Just like the GFC, when one broke it then triggered another 2-5 banks and so on.

They probably raise the 1B and we rally. Then someone else wants to exit and we end up at 13k but now with whoever loaned the 1B to also be in trouble lol. 

Cathy Wood was the only big name to buy GBTC at 8,700 👀 I don’t believe the person who is calling for $12 oil is going to get the bottom bang on.

I'm not sure about a rally (maybe back up to 18k resistance) More a case of we don't dump
Quote from: Thin Lizzy on November 19, 2022, 01:05:27 PM
I’m still seeing “Crypto.com” ads on the financial networks. So, there’s still some institutional support for the industry.

BTC ETFs are potentially a very attractive product. Good chance the $1B DCG need comes from someone like Blackrock.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 19, 2022, 02:58:22 PM
Quote from: Thin Lizzy on November 19, 2022, 01:05:27 PM
I’m still seeing “Crypto.com” ads on the financial networks. So, there’s still some institutional support for the industry.

They are a sponsor of Formula One, the Miami F1 race and the 'Overtake Award'.

Most of the teams also have crypto sponsors:

Binance
Bybit
Fantom
Floki
Tezos
Velas

And till recently FTX sponsored Mercedes.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on November 19, 2022, 03:45:50 PM
Quote from: Griffith on November 19, 2022, 02:58:22 PM
They are a sponsor of Formula One, the Miami F1 race and the 'Overtake Award'.

Most of the teams also have crypto sponsors:

Binance
Bybit
Fantom
Floki
Tezos
Velas

And till recently FTX sponsored Mercedes.

Earlier in this thread, someone mentioned that it was a little guy who got hurt by FTX. You had very sophisticated investor groups get caught up.


Sequoia Capital marks its FTX investment down to zero dollars • TechCrunch

https://techcrunch.com/2022/11/09/sequoia-capital-marks-its-ftx-investment-down-to-zero-dollars/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on November 19, 2022, 04:04:46 PM
(https://s.yimg.com/ny/api/res/1.2/3QOLbsiJ50T6YYY9JScbVw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTYzOTtjZj13ZWJw/https://media.zenfs.com/en/business_insider_articles_888/4b28e96dc3256bc132a8144545e8e9a9)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 19, 2022, 04:57:28 PM
Quote from: Griffith on November 19, 2022, 02:58:22 PM
They are a sponsor of Formula One, the Miami F1 race and the 'Overtake Award'.

Most of the teams also have crypto sponsors:

Binance
Bybit
Fantom
Floki
Tezos
Velas

And till recently FTX sponsored Mercedes.

Algorand is sponsoring the Fifa World Cup. A few other names are involved too.

I hope Algo make it to the next bull market and there is still no regulation. Easy 10x after the next halving.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on November 19, 2022, 05:10:26 PM
Quote from: loco on November 19, 2022, 04:04:46 PM
(https://s.yimg.com/ny/api/res/1.2/3QOLbsiJ50T6YYY9JScbVw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTYzOTtjZj13ZWJw/https://media.zenfs.com/en/business_insider_articles_888/4b28e96dc3256bc132a8144545e8e9a9)

When Bitcoin bros said I'd be swimming in pussy, I didn't think they meant this.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on November 20, 2022, 01:50:15 AM
Quote from: a_pupil on November 19, 2022, 05:10:26 PM
When Bitcoin bros said I'd be swimming in pussy, I didn't think they meant this.
Put a pillowcase over her head and go to town. :-\
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on November 20, 2022, 04:26:18 AM
Quote from: Flexacon on November 19, 2022, 04:46:40 AM

Subsidiary of the same parent company needs a $1 billion liquidity injection by Monday and you're trying to tell us we should ignore this? What trap are we falling for here exactly?

People asked Grayscale to show proof of reserve and their response was basically to say "no, it's a security risk".

If people didn't like that answer then Grayscale have no one to blame, but themselves.

It doesn't matter if the parent company has issues, GBTC is a money-making machine that, if the parent company ceases to function, will get sold off immediately or, if they get the loan, most likely spun off. GBTC isn't going under or disappearing, it's going to continue to function and absorb some of the blowback from the parent company. Hence the opportunity.

Guys, keep an eye on this stock because the powers-that-be are going to use it as a proxy to get BTC below 10k. Once that happens, the price of GBTC will most likely go below $3, and if there's a capitulate event, lower than that. BUUUUUT, in a year and a half it'll be close to $100.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 20, 2022, 04:57:24 AM
Quote from: Slapper on November 20, 2022, 04:26:18 AM
It doesn't matter if the parent company has issues, GBTC is a money-making machine that, if the parent company ceases to function, will get sold off immediately or, if they get the loan, most likely spun off. GBTC isn't going under or disappearing, it's going to continue to function and absorb some of the blowback from the parent company. Hence the opportunity.

Guys, keep an eye on this stock because the powers-that-be are going to use it as a proxy to get BTC below 10k. Once that happens, the price of GBTC will most likely go below $3, and if there's a capitulate event, lower than that. BUUUUUT, in a year and a half it'll be close to $100.

So far it seems no crypto VCs want to touch it. Now that could be because Barry isn't offering great terms or maybe there is another reason.. You also don't mention a 3rd option which is that it gets dissolved.

Fact is none of us know, but we should very soon. Still don't see how waiting on the sidelines and being open to all outcomes means falling into a trap. I'd say it's the exact opposite.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on November 20, 2022, 05:26:33 AM
Quote from: Flexacon on November 20, 2022, 04:57:24 AM
So far it seems no crypto VCs want to touch it. Now that could be because Barry isn't offering great terms or maybe there is another reason.. You also don't mention a 3rd option which is that it gets dissolved.

Fact is none of us know, but we should very soon. Still don't see how waiting on the sidelines and being open to all outcomes means falling into a trap. I'd say it's the exact opposite.

I know, I know, no VC want to touch it. YET.

When all news are bad and there seems to be no hope, they will announce the flip to an ETF, the stock will go up 43% in one day and everyone will start bitching and moaning about what happened. And we all know what is going to happen to the price of BTC once Grayscale starts being a net buyer again...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 20, 2022, 06:16:54 AM
Quote from: Slapper on November 20, 2022, 05:26:33 AM
I know, I know, no VC want to touch it. YET.

When all news are bad and there seems to be no hope, they will announce the flip to an ETF, the stock will go up 43% in one day and everyone will start bitching and moaning about what happened. And we all know what is going to happen to the price of BTC once Grayscale starts being a net buyer again...

Solid copium thinking everyone would bitch and moan for missing out on a 43% gain in crypto.

Also there is no ETF being approved in the next 24 hours. There will be no 43% move up in the next 24 hour. I'll continuing waiting in my "trapped" position of doing nothing and miss out on position that at best will do nothing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on November 21, 2022, 03:42:26 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on November 22, 2022, 05:37:05 AM
So, instead of seeing hole cards, they were seeing orders and stops.

Quote from: Thin Lizzy on November 15, 2022, 11:13:02 AM
Didn’t know about this. Apparently, his compliance head was involved in an online poker fraud scheme where they could see players hole cards. Those companies were based in the Bahamas too. Guys probably just moved from online poker to crypto.

Alameda’s Former Co-CEO Used Poker, Blackjack Strategies in Crypto Trading

Alameda’s Former Co-CEO Used Poker, Blackjack Strategies in Crypto Trading
https://www.bloomberg.com/news/articles/2022-11-22/alameda-former-co-ceo-sam-trabucco-used-poker-blackjack-strategies-in-trading
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: delon on November 22, 2022, 05:44:58 AM
Quote from: Thin Lizzy on November 22, 2022, 05:37:05 AM
So, instead of seeing hole cards, they were seeing orders and stops.

Alameda’s Former Co-CEO Used Poker, Blackjack Strategies in Crypto Trading

Alameda’s Former Co-CEO Used Poker, Blackjack Strategies in Crypto Trading
https://www.bloomberg.com/news/articles/2022-11-22/alameda-former-co-ceo-sam-trabucco-used-poker-blackjack-strategies-in-trading

Sam bankman-fraud and his merry crew of crypto nerd pirates

The fallout continues

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 23, 2022, 02:03:22 AM
Quote from: Mayday on November 23, 2022, 12:13:59 AM
Pretty much.

I don’t think people realise just how messed up the biggest players are right now. They are all literally underwater after having a mass lending incest festival between themselves.

While everyone is still talking about Sam, nobody is looking at Barry (Grayscale) and wondering what he will do….. he needs 1B for Genesis meanwhile Grayscale is sitting on 620,000 BTC…… *cough* *cough* fucker can save himself if he unwinds GBTC 👀

No one was biting so now they're looking for $500M.

If GBTC can unwind and sell some BTC then everyone will just go long GBTC and short BTC until the price meets somewhere in the middle, but there is some doubt if an unwind is even possible.

If DCG/Genesis committed fraud and it's looking more and more likely they did, then the loans DCG gave themselves using customer funds from Genesis to repurchase GBTC (three arrows contagion) might mean a simple unwind for GBTC isn't possible as a bunch of it is technically worthless.

DCG fraud could mean Grayscale is treated the same as Genesis. It will be down to a bankruptcy judge to decide. Imagine being trapped on the outside of this shit show.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on November 26, 2022, 08:25:34 AM
For those with crypto allocations in their portfolios at the moment, I wanted to share a project that I am looking into. None of this is financial advice. I'm an accountant not a financial advisor and have yet to even invest into this coin, but I am curious as it appears to be moving in the same direction as the "greater agenda" is dictating and is being handheld by the powers that be. I'll explain below and hope that those of you that are heavily involved in the crypto space can chime in with positive or negative feedback.

It's called Energy Web Token ($EWT). Recently, it got accolades from Blackrock and while it was promising to hear the giant mention the token, it was then connected to a pump & dump by the institution. This isn't a new thing, as most of these big wallets tend to do things like this for quick profit, but the fact that they even picked this token made me curious. There are other blockchains/crypto projects involved in the goal of achieving net-zero carbon emissions, why BlackRock decided to mention and invest into Energy Web Token is what got me wondering.

(https://www.energyweb.org/wp-content/uploads/2022/05/Group-37286.png)https://www.energyweb.org/ (https://www.energyweb.org/)

Then, the true powers that be (The World Economic Forum) started mentioning Energy Web by highlighting that they are part of a new coalition to investigate and highlight the potential of web3 technologies, such as crypto and blockchain, in accelerating action on climate change (https://www.weforum.org/press/2022/09/new-crypto-sustainability-coalition-to-investigate-potential-of-web3-technologies-in-fighting-climate-change/ (https://www.weforum.org/press/2022/09/new-crypto-sustainability-coalition-to-investigate-potential-of-web3-technologies-in-fighting-climate-change/)).

Moreover, the United Nations also mentioned them in one of their reports where they highlight the use cases and opportunities for blockchain towards sustainable energy and climate (Page 26 of this report - https://t.co/eS7roWGGOr (https://t.co/eS7roWGGOr)).

I think the new agenda that the powers that be will want us to face on a global scale are the dangers of climate change. The White House recently put out a press release on November 16, 2022 and they specifically talked about the President's presence at the recent G20 meeting. In this press release (https://www.whitehouse.gov/briefing-room/statements-releases/2022/11/16/g20-bali-leaders-declaration/ (https://www.whitehouse.gov/briefing-room/statements-releases/2022/11/16/g20-bali-leaders-declaration/)), they mentioned climate change over 27 times and talked about their overall efforts towards working with the global governments in ameliorating the devastating effects on the climate.

Again, I am not too well versed on this project as of yet, but I am seeing a lot of powerful groups making mention of them in a way that leads me to believe that they "might" become a notable player in some future projects.

For those that are into blockchain and cryptocurrencies, let me know what you think.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on November 27, 2022, 02:41:12 AM
Quote from: Mayday on November 23, 2022, 12:13:59 AM
Pretty much.

I don’t think people realise just how messed up the biggest players are right now. They are all literally underwater after having a mass lending incest festival between themselves.

While everyone is still talking about Sam, nobody is looking at Barry (Grayscale) and wondering what he will do….. he needs 1B for Genesis meanwhile Grayscale is sitting on 620,000 BTC…… *cough* *cough* fucker can save himself if he unwinds GBTC 👀

They can't unwind GBTC, it's a trust.

What they CAN and will most likely do if they run into issues is sell the company (GBTC) for cash.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 27, 2022, 03:04:49 AM
Quote from: Slapper on November 27, 2022, 02:41:12 AM
They can't unwind GBTC, it's a trust.

What they CAN and will most likely do if they run into issues is sell the company (GBTC) for cash.

Yes, they can unwind it under regulation.

The reasons for would be they likely get more money and not have to sign any anti competitive contract meaning they can start one up again at a later date.

Discount has gone from 32% up to 42% today.

Quite recently we’ve read ‘can’t happen’ then shit goes south and it happens. Another one is Saylor says he will post BTC as collateral all the way to 3.5k and then post more….. sounds good in theory but if we go su  10k we might see collateral no longer accepted and the. He becomes a seller unless he wants to pay 20% interest on his own junk bonds.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 29, 2022, 01:01:25 PM
Quote from: OneMoreRep on November 26, 2022, 08:25:34 AM
For those with crypto allocations in their portfolios at the moment, I wanted to share a project that I am looking into. None of this is financial advice. I'm an accountant not a financial advisor and have yet to even invest into this coin, but I am curious as it appears to be moving in the same direction as the "greater agenda" is dictating and is being handheld by the powers that be. I'll explain below and hope that those of you that are heavily involved in the crypto space can chime in with positive or negative feedback.

It's called Energy Web Token ($EWT). Recently, it got accolades from Blackrock and while it was promising to hear the giant mention the token, it was then connected to a pump & dump by the institution. This isn't a new thing, as most of these big wallets tend to do things like this for quick profit, but the fact that they even picked this token made me curious. There are other blockchains/crypto projects involved in the goal of achieving net-zero carbon emissions, why BlackRock decided to mention and invest into Energy Web Token is what got me wondering.

(https://www.energyweb.org/wp-content/uploads/2022/05/Group-37286.png)https://www.energyweb.org/ (https://www.energyweb.org/)

Then, the true powers that be (The World Economic Forum) started mentioning Energy Web by highlighting that they are part of a new coalition to investigate and highlight the potential of web3 technologies, such as crypto and blockchain, in accelerating action on climate change (https://www.weforum.org/press/2022/09/new-crypto-sustainability-coalition-to-investigate-potential-of-web3-technologies-in-fighting-climate-change/ (https://www.weforum.org/press/2022/09/new-crypto-sustainability-coalition-to-investigate-potential-of-web3-technologies-in-fighting-climate-change/)).

Moreover, the United Nations also mentioned them in one of their reports where they highlight the use cases and opportunities for blockchain towards sustainable energy and climate (Page 26 of this report - https://t.co/eS7roWGGOr (https://t.co/eS7roWGGOr)).

I think the new agenda that the powers that be will want us to face on a global scale are the dangers of climate change. The White House recently put out a press release on November 16, 2022 and they specifically talked about the President's presence at the recent G20 meeting. In this press release (https://www.whitehouse.gov/briefing-room/statements-releases/2022/11/16/g20-bali-leaders-declaration/ (https://www.whitehouse.gov/briefing-room/statements-releases/2022/11/16/g20-bali-leaders-declaration/)), they mentioned climate change over 27 times and talked about their overall efforts towards working with the global governments in ameliorating the devastating effects on the climate.

Again, I am not too well versed on this project as of yet, but I am seeing a lot of powerful groups making mention of them in a way that leads me to believe that they "might" become a notable player in some future projects.

For those that are into blockchain and cryptocurrencies, let me know what you think.

"1"

All I know about Energy web is that is a project polkadot project which the founder had a big hand in developing. Its success will depend a lot on how polkadot does.

One thing this year has taught us though is that institutions and other entities are just as clueless as the rest of us, maybe even more so.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on November 30, 2022, 02:36:21 PM
Y’all watch the SBF interview on CNBC.

He’s basically pleading ignorance. He says he wasn’t really running Almeada because he had his hands full with FTX.

But he also said that he knew Almeada had a big position size on FTX. So, he’s full of shit.

Flexacon said SBF might have had handlers. I believe it. I don’t see this guy running a large brokerage firm essentially by himself.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: delon on December 03, 2022, 03:25:23 AM
(https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcSaKoYpWF9t8M7YjEh52ZKmIQlxzQBT3t2CNQ&usqp=CAU)

(https://www.statista.com/graphic/1/326707/bitcoin-price-index.jpg)

Next few mths gonna be interesting to see where this heads...bitcoin at a bit of a crossroads, if it really is the future it better hope the trend similarity to-date skews coincidental rather than a portender of things to come

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on December 03, 2022, 03:49:03 AM
Quote from: Mayday on November 27, 2022, 03:04:49 AM
Yes, they can unwind it under regulation.

No they can't. It's the reason it's called a "trust."

The type of liquidation that CAN happen is only controlled by the holders of the trust, not the SEC or anyone else. I mean, the SEC can try, but they will be slapped in the courts eventually if they do.

With GTBC or ETHE, should the parent company run into issues, it would be most likely sold off/spun off as a unit, not liquidated or redeemed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 03, 2022, 05:13:12 AM
Quote from: delon on December 03, 2022, 03:25:23 AM

Next few mths gonna be interesting to see where this heads...bitcoin at a bit of a crossroads, if it really is the future it better hope the trend similarity to-date skews coincidental rather than a portender of things to come

I think the next few months, maybe even all of 2023 will be pretty boring for bitcoin. Sideways price action with the occasional dumps as more leverage unwinds followed by mini pumps from limited buying pressure. Broader market conditions probably won't be in bitcoins favour either.

2024 will be when bitcoin likely starts taking off again. Broader market will hopefully be back in an uptrend and the bitcoin halving narrative will help price action.

The real crossroads for bitcoin comes in maybe a decades time. How does bitcoin keep the lights on if validaters decide to leave as the fees they collect no longer make it worthwhile.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 03, 2022, 01:15:53 PM
Quote from: Slapper on December 03, 2022, 03:49:03 AM
No they can't. It's the reason it's called a "trust."

The type of liquidation that CAN happen is only controlled by the holders of the trust, not the SEC or anyone else. I mean, the SEC can try, but they will be slapped in the courts eventually if they do.

With GTBC or ETHE, should the parent company run into issues, it would be most likely sold off/spun off as a unit, not liquidated or redeemed.

Like I said before, there is so many ‘can’t’ arguments and yet we end up seeing that things ‘can’.

Grayscale trusts are all setup the same way and yet they had no issues dissolving the XRP Trust. The case right now is genesis is their only dealer and there is contagion all through DCG because of it.

Could they sell it? Sure. But don’t say they can’t dissolve their trusts when they have already dissolved one and have risk of contagion within their own group which would also allow the trust to be dissolved.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on December 04, 2022, 04:27:49 AM
Quote from: Flexacon on December 03, 2022, 05:13:12 AM
I think the next few months, maybe even all of 2023 will be pretty boring for bitcoin. Sideways price action with the occasional dumps as more leverage unwinds followed by mini pumps from limited buying pressure. Broader market conditions probably won't be in bitcoins favour either.

2024 will be when bitcoin likely starts taking off again. Broader market will hopefully be back in an uptrend and the bitcoin halving narrative will help price action.

The real crossroads for bitcoin comes in maybe a decades time. How does bitcoin keep the lights on if validaters decide to leave as the fees they collect no longer make it worthwhile.

You’re probably right. Seems like the big fireworks have already taken place:

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on December 04, 2022, 04:30:40 AM
Same drill with the “Everything is different now” Covid stocks, with this ETF being a composite. Of course, nothing is really different except dummies wearing masks alone outdoors.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: hardgainerj on December 05, 2022, 09:03:56 AM
https://twitter.com/cris_vond/status/1593664253814251520
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 05, 2022, 10:02:19 AM
Quote from: hardgainerj on December 05, 2022, 09:03:56 AM
https://twitter.com/cris_vond/status/1593664253814251520

That's pretty normal attitude/behaviour amongst those born into wealth, finance bros and crypto bros. SBF just happens to be all 3
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 05, 2022, 10:58:49 PM
Quote from: Thin Lizzy on December 04, 2022, 04:30:40 AM
Same drill with the “Everything is different now” Covid stocks, with this ETF being a composite. Of course, nothing is really different except dummies wearing masks alone outdoors.

It all looks weird but I guess that’s the point.

Q1 GDP and Q2 GDP negative. Equities sold off. Popular thought was we’re pretty fucked and fair enough.

Q3 was tracking -1.2% and right in the last week flipped positive by a large margin. Very strange. Markets have rallied since Q3 GDP came out.

Q4 GDP tracking around 3%. Earnings will be good.

Sentiment is crazy bearish yet GDP is telling us otherwise And the fact the market rallied from Q3 GDP announcement suggests an upswing instead. PE ratio on S&P is 19 vs 28.

If Q4 GDP holds positive this could cause a real can of worms as we are 40% below PE ratio a year ago which takes us to 5,600. it sounds crazy but if Q1 and Q2 GDP are positive perhaps that’s the trigger?

I still hold my existing crypto positions except for SOL. I figured best to keep something as a hedge just in case something crazy happens but I have NFI.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 06, 2022, 12:02:48 AM
Quote from: Mayday on December 05, 2022, 10:58:49 PM
It all looks weird but I guess that’s the point.

Q1 GDP and Q2 GDP negative. Equities sold off. Popular thought was we’re pretty fucked and fair enough.

Q3 was tracking -1.2% and right in the last week flipped positive by a large margin. Very strange. Markets have rallied since Q3 GDP came out.

Q4 GDP tracking around 3%. Earnings will be good.

Sentiment is crazy bearish yet GDP is telling us otherwise And the fact the market rallied from Q3 GDP announcement suggests an upswing instead. PE ratio on S&P is 19 vs 28.

If Q4 GDP holds positive this could cause a real can of worms as we are 40% below PE ratio a year ago which takes us to 5,600. it sounds crazy but if Q1 and Q2 GDP are positive perhaps that’s the trigger?

I still hold my existing crypto positions except for SOL. I figured best to keep something as a hedge just in case something crazy happens but I have NFI.

Stock markets will take a slow dump on bad earnings next year.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on December 06, 2022, 03:08:55 AM
Quote from: Mayday on November 27, 2022, 03:04:49 AM
Yes, they can unwind it under regulation.

The reasons for would be they likely get more money and not have to sign any anti competitive contract meaning they can start one up again at a later date.

Discount has gone from 32% up to 42% today.

Quite recently we’ve read ‘can’t happen’ then shit goes south and it happens. Another one is Saylor says he will post BTC as collateral all the way to 3.5k and then post more….. sounds good in theory but if we go su  10k we might see collateral no longer accepted and the. He becomes a seller unless he wants to pay 20% interest on his own junk bonds.

Fair enough.

See you on the other side.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on December 09, 2022, 01:37:06 PM
Quote from: Flexacon on December 06, 2022, 12:02:48 AM
Stock markets will take a slow dump on bad earnings next year.

Particularly companies with inflated P/Es. Lulumon took a nasty hit off weak guidance. Apparently, going forward, chicks aren’t gonna be so quick to toss out  their old smelly yoga pants.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on December 09, 2022, 01:37:42 PM
Coinbase made a fresh low:

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: deadz on December 09, 2022, 03:21:33 PM
Take it to Vegas boys you’ll have far better luck than with bitcrap and the other lies you bought in to.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on December 09, 2022, 04:26:38 PM
Where's gib  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 10, 2022, 07:36:24 AM
Quote from: a_pupil on December 09, 2022, 04:26:38 PM
Where's gib  ;D

Gib chose to die on the "buy and hold" bitcoin maxi hill. He is down 75% from the peak, but should still be comfortably in the green from his buy in.

He won't comes back on here until bitcoin breaks 69k.

Also LMAO@ that polychronopolous clown who tried to tell us bitcoin mining stocks were a good buy. Mara is down 95%

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 12, 2022, 06:03:45 AM
A Binance bank run is incoming. If this goes then it's sub $10k BTC. Tradfi moves in and the next bull market is good to go.

Coin stock is starting to look mighty tempting...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on December 12, 2022, 06:09:15 AM
Quote from: Flexacon on December 12, 2022, 06:03:45 AM
A Binance bank run is incoming. If this goes then it's sub $10k BTC. Tradfi moves in and the next bull market is good to go.

Coin stock is starting to look mighty tempting...

A timeframe for this?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 12, 2022, 06:24:09 AM
Quote from: Thin Lizzy on December 12, 2022, 06:09:15 AM
A timeframe for this?

It's been simmering for a couple of weeks. Strange movement of "assets" when it came to showing proof of reserves. Several execs supposedly leaving and erratic behaviour from CZ. Now this dropped from Reuters.

https://www.coindesk.com/business/2022/12/12/us-prosecutors-look-to-charge-binance-and-cz-for-possible-money-laundering-violations-reuters/?utm_content=editorial&utm_campaign=coindesk_main&utm_source=twitter&utm_term=organic&utm_medium=social

https://www.reuters.com/markets/us/us-justice-dept-is-split-over-charging-binance-crypto-world-falters-sources-2022-12-12/

Binance has always been sketchy, so none of this would be a surprise.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on December 12, 2022, 06:27:31 AM
(https://pbs.twimg.com/profile_images/939110768603222016/8nJgQeFr_400x400.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on December 12, 2022, 04:27:36 PM
FTX’s Sam Bankman-Fried Arrested in the Bahamas, Officials Say - The New York Times

https://www.nytimes.com/2022/12/12/business/ftx-sam-bankman-fried-bahamas.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: jude2 on December 12, 2022, 05:31:02 PM
Quote from: Thin Lizzy on December 12, 2022, 04:27:36 PM
FTX’s Sam Bankman-Fried Arrested in the Bahamas, Officials Say - The New York Times

https://www.nytimes.com/2022/12/12/business/ftx-sam-bankman-fried-bahamas.html
Kind of strange they arrest him today, the day before he was supposed to testify in front of congress?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: sync pulse on December 12, 2022, 05:55:14 PM
To ensure his presence...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 13, 2022, 05:49:57 AM
Quote from: Flexacon on December 05, 2022, 10:02:19 AM
That's pretty normal attitude/behaviour amongst those born into wealth, finance bros and crypto bros. SBF just happens to be all 3

Hopefully he will be in jail.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on December 13, 2022, 06:02:02 AM
Quote from: jude2 on December 12, 2022, 05:31:02 PM
Kind of strange they arrest him today, the day before he was supposed to testify in front of congress?

A couple different theories floating around.

1. Prosecutors don’t coordinate with Congress. So, it just worked out this way.
2. Democrats didn’t want Republicans grilling SBF.

Either way he’s fucked. It’s a standard case of taking customer money and using it for his own benefit. The only unusual part is the amount.

As an aside, his physique is thoroughly unimpressive. He should’ve spent some money on a trainer.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on December 13, 2022, 08:43:22 AM
Whoa, the Current CEO just testified that SBF’s parents received some money.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: deadz on December 13, 2022, 10:08:21 AM
Quote from: Flexacon on December 12, 2022, 06:03:45 AM
A Binance bank run is incoming. If this goes then it's sub $10k BTC. Tradfi moves in and the next bull market is good to go.

Coin stock is starting to look mighty tempting...
Ill let my people at Goldman know that Flexacon said Binance, lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 13, 2022, 10:16:42 AM
Quote from: deadz on December 13, 2022, 10:08:21 AM
Ill let my people at Goldman know that Flexacon said Binance, lol.

Is your wife or mum a cleaner at Goldman or something?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: deadz on December 13, 2022, 10:23:19 AM
Quote from: Flexacon on December 13, 2022, 10:16:42 AM
Is your wife or mum a cleaner at Goldman or something?
No, they just manage my money. Do You know how much of a net worth you have to
have in order to be a client, you don’t because you’re not even close to my league. Go back to the craps table, pal!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 13, 2022, 10:26:02 AM
Quote from: deadz on December 13, 2022, 10:23:19 AM
No, they just manage my money. Do You know how much of a net worth you have to
have in order to be a client, you don’t because you’re not even close to my league. Go back to the craps table, pal!

Retired in my mid 30s whilst you're still working like a schlub.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: deadz on December 13, 2022, 10:34:23 AM
Quote from: Flexacon on December 13, 2022, 10:26:02 AM
Retired in my mid 30s whilst you're still working like a schlub.
LOL retired at 45 and my net worth smokes yours.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 13, 2022, 10:37:24 AM
Quote from: deadz on December 13, 2022, 10:34:23 AM
LOL retired at 45 and my net worth smokes yours.

Good job owning yourself
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: deadz on December 13, 2022, 10:40:42 AM
Quote from: Flexacon on December 13, 2022, 10:37:24 AM
Good job owning yourself
Like I said my net worth smokes yours. You’re a baller with a couple hundred thousand in the bank. WOW, LOL!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 13, 2022, 10:53:33 AM
Quote from: deadz on December 13, 2022, 10:40:42 AM
Like I said my net worth smokes yours. You’re a baller with a couple hundred thousand in the bank. WOW, LOL!

You don't live in one of the most expensive cities in the world and retire on that.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on December 13, 2022, 11:06:56 AM
What was that guy's name that was internet wealthy...the BHank of $$$$...Xfactor?  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on December 13, 2022, 11:08:35 AM
Mr. Anabolic and Gib both gone, eh? The yin and yang of fake $$$.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: deadz on December 13, 2022, 11:08:58 AM
Quote from: Flexacon on December 13, 2022, 10:53:33 AM
You don't live in one of the most expensive cities in the world and retire on that.
”Expensive city” woooooh better go buy some bitcrap so I can live in an expensive city.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on December 13, 2022, 11:34:42 AM
This guy is gonna get Madoff’s old cell.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 13, 2022, 11:45:03 AM
Quote from: deadz on December 13, 2022, 11:08:58 AM
”Expensive city” woooooh better go buy some bitcrap so I can live in an expensive city.

Bitcoin is pretty crap, I've probably said that more than anyone on here in the last couple of years.

Quote from: Flexacon on April 16, 2021, 01:52:30 PM
It's clearly a Ponzi scheme, but what's "real" these days. Stock markets? House prices? Currency valuations? Everything is propped up one way or another and right now bitcoin isn't that different.

It's just another card in the house of cards.

I get it though, you're butt hurt because you didn't make the easy money on bitcoin because you didn't know how. I was like that too back  in 2015, but I made sure I didn't miss out the next time.

If I were in your position I would still be very bitter too.

(https://media.makeameme.org/created/yes-let-the-fas7bd.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: deadz on December 13, 2022, 11:48:45 AM
Quote from: Flexacon on December 13, 2022, 11:45:03 AM
Bitcoin is pretty crap, I've probably said that more than anyone on here in the last couple of years.

I get it though, you're butt hurt because you didn't make the easy money on bitcoin because you didn't know how. I was like that too back  in 2015, but I made sure I didn't miss out the next time.

If I were in your position I would still be very bitter too.

(https://media.makeameme.org/created/yes-let-the-fas7bd.jpg)
Very few were lucky the majority took it in the ass. I don’t gamble because I don’t need too.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 13, 2022, 12:35:51 PM
Quote from: Thin Lizzy on December 13, 2022, 11:34:42 AM
This guy is gonna get Madoff’s old cell.

It’ll be very interesting whether the outcome is big or just a slap on the wrist.

It sounded a lot like Enron. Businesses all loaning to each other.

Did anyone find out what the purchases of tiny bank buildings was about? Were they doing that to embezzle funds or was it something else?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 13, 2022, 12:50:59 PM
Quote from: Mayday on December 13, 2022, 12:35:51 PM
It’ll be very interesting whether the outcome is big or just a slap on the wrist.

It sounded a lot like Enron. Businesses all loaning to each other.

Did anyone find out what the purchases of tiny bank buildings was about? Were they doing that to embezzle funds or was it something else?

He's probably getting multiple life sentences. The charges are numerous, the evidence is damning and I'm pretty sure someone flipped (Caroline)

Don't know about the tiny bank, but he had a "korean account" that he'd dump all of Alamedas liability in, up to $8billion.

He also sold customer Bitcoin and Eth or just didn't buy it when when an order was put through and then used that money to pump Sol and FTT.

BTC and ETH would have pumped considerably higher without him strangling them.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on December 13, 2022, 02:29:15 PM
Coinbase took a big hit on an up day for both stocks and Bitcoin.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 13, 2022, 04:13:38 PM
Quote from: Thin Lizzy on December 13, 2022, 02:29:15 PM
Coinbase took a big hit on an up day for both stocks and Bitcoin.

I'm hoping to pick it up sub $20 which it what it could be if bitcoin dumps another 30%, or S&P dumps another 20%. Whichever comes first.  Binance collapsing would be another opportunity.

That puts Coin x20 from its ATHs which would far exceed the same return to ATH for BTC (x5) and ETH (x10)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on December 13, 2022, 05:44:13 PM
Quote from: Flexacon on December 13, 2022, 04:13:38 PM
I'm hoping to pick it up sub $20 which it what it could be if bitcoin dumps another 30%, or S&P dumps another 20%. Whichever comes first.  Binance collapsing would be another opportunity.

That puts Coin x20 from its ATHs which would far exceed the same return to ATH for BTC (x5) and ETH (x10)

As long as this chick is buying I’d stay away:


“Cathie Wood's Ark Investment Management said in an email it bought 78,982 shares in cryptocurrency exchange Coinbase (COIN), its first investment in the crypto exchange in a month. This comes as Coinbase confirms that its 2022 revenue is on track to be just half of 2021 levels.”
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on December 13, 2022, 11:03:44 PM
Quote from: Flexacon on December 12, 2022, 06:03:45 AM
A Binance bank run is incoming. If this goes then it's sub $10k BTC. Tradfi moves in and the next bull market is good to go.

Coin stock is starting to look mighty tempting...

Don't think so on this one. Binance saw 1.9billion in withdrawals last 24hr or so. It's being stress tested and will come out stronger if it survives.

Having said that wouldn't mind all these exchanges floating scam coins being flushed. Even if it means short term price suppression.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 14, 2022, 04:45:47 PM
Quote from: Theoak* on December 13, 2022, 11:03:44 PM
Don't think so on this one. Binance saw 1.9billion in withdrawals last 24hr or so. It's being stress tested and will come out stronger if it survives.

Having said that wouldn't mind all these exchanges floating scam coins being flushed. Even if it means short term price suppression.

I agree, Binance has been through worse bear markets and survived. I don't think they are done trying to come after CZ though and maybe get him on money laundering or something.

However him saying this at a time like this doesn't help fill me with confidence.. "99% of People' Will Lose Crypto Storing in Self-Custody"

https://decrypt.co/117214/99-people-will-lose-crypto-storing-self-custody-binance-ceo-changpeng-zhao
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on December 14, 2022, 09:32:08 PM
Quote from: Flexacon on December 14, 2022, 04:45:47 PM
I agree, Binance has been through worse bear markets and survived. I don't think they are done trying to come after CZ though and maybe get him on money laundering or something.

However him saying this at a time like this doesn't help fill me with confidence.. "99% of People' Will Lose Crypto Storing in Self-Custody"

https://decrypt.co/117214/99-people-will-lose-crypto-storing-self-custody-binance-ceo-changpeng-zhao

Celsius CEO echoed the same garbage 2 weeks before withdrawals were closed....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 15, 2022, 01:35:22 AM
Quote from: Flexacon on December 14, 2022, 04:45:47 PM
I agree, Binance has been through worse bear markets and survived. I don't think they are done trying to come after CZ though and maybe get him on money laundering or something.

However him saying this at a time like this doesn't help fill me with confidence.. "99% of People' Will Lose Crypto Storing in Self-Custody"

https://decrypt.co/117214/99-people-will-lose-crypto-storing-self-custody-binance-ceo-changpeng-zhao
Kevin O'Leary trying to blame Binance for the fact that he was duped by a fraud lol!

https://decrypt.co/117270/binance-deliberately-caused-ftx-collapse-kevin-oleary

I read that Binance has over $67 billion in assets. Even $2 billion withdrawals won't kill them. It is good to see they can handle the flow. Let them be stress tested. I have cryptos on Binance.US and don't have time right now to move it. We'll see. I am also at the mercy of Coinbase. My ETH is locked up in staking and I can't move it anywhere.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 15, 2022, 01:39:42 AM
Might sound like a bigot / anti-Semite, but my distrust of Jews prevented me from ever considering FTX. I read about him a year ago and thought to myself, there's no way in hell I will trust him. Unfortunately, there's been a trend of being scammed by Jews. And look at Trump's lawyer who betrayed him.

https://news.yahoo.com/trump-tells-jews-act-together-182724264.html

Trump Tells Jews To 'Get Their Act Together' And Appreciate Him More

Former President Donald Trump on Sunday said American Jews don’t appreciate him enough and that they need to “get their act together” and show more gratitude for his past policies toward Israel “before it is too late.”

“No President has done more for Israel than I have. Somewhat surprisingly, however, our wonderful Evangelicals are far more appreciative of this than the people of the Jewish faith, especially those living in the U.S.,” he posted on his platform Truth Social.

Trump went on to say that his approval rating in Israel is the highest “in the world” and that he could “easily” be elected prime minister there.

“Jews have to get their act together and appreciate what they have in Israel — Before it is too late!” he added.

(https://s.yimg.com/ny/api/res/1.2/E3aZiQK3ViDR953uTuqgcQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQwNDtjZj13ZWJw/https://media.zenfs.com/en/the_huffington_post_584/2786ca2da3a09e257e52091b01bd2020)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on December 15, 2022, 01:44:58 AM
Quote from: obsidian on December 15, 2022, 01:39:42 AM
Might sound like a bigot / anti-Semite, but my distrust of Jews prevented me from ever considering FTX. I read about him a year ago and thought to myself, there's no way in hell I will trust him. Unfortunately, there's been a trend of being scammed by Jews. And look at Trump's lawyer who betrayed him.

https://news.yahoo.com/trump-tells-jews-act-together-182724264.html

Trump Tells Jews To 'Get Their Act Together' And Appreciate Him More

Former President Donald Trump on Sunday said American Jews don’t appreciate him enough and that they need to “get their act together” and show more gratitude for his past policies toward Israel “before it is too late.”

“No President has done more for Israel than I have. Somewhat surprisingly, however, our wonderful Evangelicals are far more appreciative of this than the people of the Jewish faith, especially those living in the U.S.,” he posted on his platform Truth Social.

Trump went on to say that his approval rating in Israel is the highest “in the world” and that he could “easily” be elected prime minister there.

“Jews have to get their act together and appreciate what they have in Israel — Before it is too late!” he added.

(https://s.yimg.com/ny/api/res/1.2/E3aZiQK3ViDR953uTuqgcQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQwNDtjZj13ZWJw/https://media.zenfs.com/en/the_huffington_post_584/2786ca2da3a09e257e52091b01bd2020)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: deadz on December 16, 2022, 02:30:32 PM
For those of you living in fantasy land..

https://www.msn.com/en-us/news/crime/co-founder-of-onecoin-pyramid-scheme-pleads-guilty-cryptoqueen-still-wanted/ar-AA15mIAy?ocid=msedgdhp&pc=U531&cvid=a354f2fee1ab4d15a91fb8e477738724


Back to the craps table with your last $20, Boys!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on December 16, 2022, 02:55:29 PM
Quote from: deadz on December 16, 2022, 02:30:32 PM
For those of you living in fantasy land..

https://www.msn.com/en-us/news/crime/co-founder-of-onecoin-pyramid-scheme-pleads-guilty-cryptoqueen-still-wanted/ar-AA15mIAy?ocid=msedgdhp&pc=U531&cvid=a354f2fee1ab4d15a91fb8e477738724


Back to the craps table with your last $20, Boys!

That'll make a brilliant movie once she's caught/LE give up and it all settles. There could be a Marvel Expanded Universe esque series of movies covering all the different scammers and LARPers from the crypto era. Getbig's biggest whale Gib could get a mention.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 16, 2022, 03:15:53 PM
Quote from: a_pupil on December 16, 2022, 02:55:29 PM
That'll make a brilliant movie wants she's caught/LE give up and it all settles. There could be a Marvel Expanded Universe esque series of movies covering all the different scammers and LARPers from the crypto era. Getbig's biggest whale Gib could get a mention.

In Gibos defence he always said to stay away from anything that wasn't bitcoin.

Onecoin had more in common with fiat currency models than decentralized crypto like bitcoin. All still ponzis


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 16, 2022, 03:18:09 PM
(https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQwyLUon6jPT5i61nknh8kysbLd82Ou4WZLkaNBZMlQqteaHNkfOFujT5Nltw_UGylvrss&usqp=CAU)

Is Barry liquidating? All his shitcoins are dumping.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: deadz on December 17, 2022, 12:03:07 PM
Quote from: Thin Lizzy on December 12, 2022, 06:09:15 AM
A timeframe for this?
https://www.msn.com/en-us/money/markets/bnb-token-falls-to-lowest-levels-since-july-what-happens-to-crypto-and-defi-if-binance-fails/ar-AA15ooH2?ocid=msedgdhp&pc=U531&cvid=624b6d7b8c35468888198c88b8831c5e

I would not take advice from Flexacon another Gib in disguise.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: deadz on December 17, 2022, 12:26:58 PM
Keeps getting worse.


https://www.msn.com/en-us/money/markets/almost-40-of-cryptos-listed-on-coingecko-in-2021-are-now-dead-coins/ar-AA15odPJ?ocid=msedgdhp&pc=U531&cvid=a6e9f945eb6d4a2b8103f4bee20405d7



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 17, 2022, 12:29:24 PM
Quote from: deadz on December 17, 2022, 12:03:07 PM
https://www.msn.com/en-us/money/markets/bnb-token-falls-to-lowest-levels-since-july-what-happens-to-crypto-and-defi-if-binance-fails/ar-AA15ooH2?ocid=msedgdhp&pc=U531&cvid=624b6d7b8c35468888198c88b8831c5e

I would not take advice from Flexacon another Gib in disguise.

What advice exactly do you think I gave?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: deadz on December 17, 2022, 12:38:18 PM
Quote from: Flexacon on December 17, 2022, 12:29:24 PM
What advice exactly do you think I gave?
"A Binance bank run is incoming." Keep your shitty advice to yourself. You know about as much as a drunk tripping through a casino.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 17, 2022, 12:42:50 PM
Quote from: deadz on December 17, 2022, 12:38:18 PM
"A Binance bank run is incoming." Keep your shitty advice to yourself. You know about as much as a drunk tripping through a casino.

And what exactly do you think that means?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 17, 2022, 01:01:49 PM
Have you finished eating your crayons deadz?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on December 17, 2022, 01:06:31 PM
He wasn’t wrong. it’s just that once something becomes public, the price move typically has already happened, the old “Buy the rumor. Sell the story,” adage:

Bitcoin dips under $17K as ‘craziest rumors’ over Binance sink BTC price

https://cointelegraph.com/news/bitcoin-dips-under-17k-as-craziest-rumors-over-binance-sink-btc-price


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 17, 2022, 01:44:36 PM
Quote from: Thin Lizzy on December 17, 2022, 01:06:31 PM
He wasn’t wrong. it’s just that once something becomes public, the price move typically has already happened, the old “Buy the rumor. Sell the story,” adage:

Bitcoin dips under $17K as ‘craziest rumors’ over Binance sink BTC price

https://cointelegraph.com/news/bitcoin-dips-under-17k-as-craziest-rumors-over-binance-sink-btc-price

He posts news articles actually confirming what I said would happen whilst thinking he's doing the opposite. I haven't seen such levels of stupidity outside of a Bhanky or MattC thread. Good job deadz.

And my post was more a warning for anyone with funds in binance, but the information could have easily been used to make very profitable trades shorting. Same with my crypto.com warning and absolutely with my FTX and SOL warning. It was all posted hours if not days before the big market moves happened.

Keep posting though deadz, retards are always welcome here and I love reposting and bragging about my moves and market predictions.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on December 27, 2022, 06:59:09 AM
Apple coming into long term bottom:

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on December 27, 2022, 03:09:00 PM
Quote from: Thin Lizzy on June 12, 2022, 10:43:11 AM
It will be interesting to see how low Tesla eventually goes. I’ve never seen a stock with this big of a market cap that’s so manipulated.

I’d bet it goes down to least 300 probably lower.

Damn, almost there. 100 is 300 pre stock split.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 28, 2022, 03:25:17 PM
Quote from: deadz on December 17, 2022, 12:38:18 PM
"A Binance bank run is incoming." Keep your shitty advice to yourself. You know about as much as a drunk tripping through a casino.

Flex is pretty good mate. IMO he is a legit real deal and you need to remember just because someone posts something it doesn't mean 1-2-3-4-5 days later they changed their opinion because something they saw played out.

Quote from: Thin Lizzy on December 27, 2022, 03:09:00 PM
Damn, almost there. 100 is 300 pre stock split.

Does it go back to high 40s pre pandemic price?

I note the money supply is flat YoY (M3 where i am is still expanding due to credit expansion but printing stopped end of 2021) but the liquidity drain seems to be wanting share prices to go back to pre-pandemic levels. If we get a bottom while the MS is flat, the next infationary wave is going to blow our heads off but surely it won't all run back into Tesla?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on December 28, 2022, 03:33:08 PM
Quote from: Mayday on December 28, 2022, 03:25:17 PM
Flex is pretty good mate. IMO he is a legit real deal and you need to remember just because someone posts something it doesn't mean 1-2-3-4-5 days later they changed their opinion because something they saw played out.

Does it go back to high 40s pre pandemic price?

I note the money supply is flat YoY (M3 where i am is still expanding due to credit expansion but printing stopped end of 2021) but the liquidity drain seems to be wanting share prices to go back to pre-pandemic levels. If we get a bottom while the MS is flat, the next infationary wave is going to blow our heads off but surely it won't all run back into Tesla?

Tesla currently has a market cap of ~350 billion with a PE of about 35. Toyota’s cap is 220 billion with a PE of 10. Apple’s PE is about 20.

I don’t claim to know the bottom for Tesla but I suspect it’s going considerably lower.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on December 28, 2022, 03:41:04 PM
It’s over for all these unprofitable companies that were relying on cheap funding. This chick’s fund is already below Covid lows with no bottom in sight.

I can’t wait for all of these online delivery services to go bust. In New York City you can’t walk two feet without getting buzzed by some 5 foot Mexican on an E bike delivering for DoorDash.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on January 05, 2023, 06:35:03 AM
Bump:

Silvergate Capital tanks 40% after crypto bank discloses massive Q4 withdrawals

https://www.cnbc.com/2023/01/05/silvergate-capital-tanks-40percent-after-crypto-bank-discloses-massive-q4-withdrawals.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 05, 2023, 07:28:32 AM
Quote from: Thin Lizzy on January 05, 2023, 06:35:03 AM
Bump:

Silvergate Capital tanks 40% after crypto bank discloses massive Q4 withdrawals

https://www.cnbc.com/2023/01/05/silvergate-capital-tanks-40percent-after-crypto-bank-discloses-massive-q4-withdrawals.html

Contagion unwinding and it's far from over.

Wyre has shutdown
Gemini earn is in a $1b hole
DCG is in a massive hole
Anything Barry Silbert touched looks fucked
Justin Sun has stopped paying staff in fiat.
Crypto.com, Binance and tether are looking sketchier than ever
Saylor looking like a huge degen using debt to buy BTC. A margin call can't be far away
Coinbase runway evaporating

(https://media.tenor.com/6OAnq78GrgcAAAAM/the-simpsons-dead.gif)

Update *
Justin Sun/Huobi  in choas. Either a JS rug or Huobi staff meltdown
Genesis parent company Digital Currency Group just shut down its $3.5 billion wealth management division
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 05, 2023, 12:38:27 PM
Quote from: Thin Lizzy on January 05, 2023, 06:35:03 AM
Bump:

Silvergate Capital tanks 40% after crypto bank discloses massive Q4 withdrawals

https://www.cnbc.com/2023/01/05/silvergate-capital-tanks-40percent-after-crypto-bank-discloses-massive-q4-withdrawals.html

Seems to be the standard testing of who actually has collateral. Saylor has that 200M loan from them of which he bought more Bitcoin.

Saylor sold 46M in shares in December to buy more Bitcoin. The guy is an addict. His businesses is paying 6.25% on debt, they lose money each year, he sells shares to buy more Bitcoin and he is 60% underwater on assets to debt. Why the hell his share price is not $1 is surprising.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on January 05, 2023, 01:18:03 PM
Quote from: Mayday on January 05, 2023, 12:38:27 PM
Seems to be the standard testing of who actually has collateral. Saylor has that 200M loan from them of which he bought more Bitcoin.

Saylor sold 46M in shares in December to buy more Bitcoin. The guy is an addict. His businesses is paying 6.25% on debt, they lose money each year, he sells shares to buy more Bitcoin and he is 60% underwater on assets to debt. Why the hell his share price is not $1 is surprising.

Unless there's a massive turnaround, that guy might have made one of the greatest business cockups of the modern era. From what I remember, they brought in when bitcoin was close to its peak high.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 05, 2023, 01:55:52 PM
Quote from: a_pupil on January 05, 2023, 01:18:03 PM
Unless there's a massive turnaround, that guy might have made one of the greatest business cockups of the modern era. From what I remember, they brought in when bitcoin was close to its peak high.

These are most of his buys. Average btc buy is just above 30K

Long term there is a good chance of a turn around, but the question for him is can he stay solvent long enough to see it.

(https://u.today/sites/default/files/inline-images/28064.PNG)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on January 05, 2023, 04:46:16 PM
Quote from: a_pupil on January 05, 2023, 01:18:03 PM
Unless there's a massive turnaround, that guy might have made one of the greatest business cockups of the modern era. From what I remember, they brought in when bitcoin was close to its peak high.

Chart does have the look of a stock that’s going lower:
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 06, 2023, 09:40:22 AM
Quote from: Flexacon on January 05, 2023, 07:28:32 AM
Contagion unwinding and it's far from over.

Wyre has shutdown
Gemini earn is in a $1b hole
DCG is in a massive hole
Anything Barry Silbert touched looks fucked
Justin Sun has stopped paying staff in fiat.
Crypto.com, Binance and tether are looking sketchier than ever
Saylor looking like a huge degen using debt to buy BTC. A margin call can't be far away
Coinbase runway evaporating

(https://media.tenor.com/6OAnq78GrgcAAAAM/the-simpsons-dead.gif)

Update *
Justin Sun/Huobi  in choas. Either a JS rug or Huobi staff meltdown
Genesis parent company Digital Currency Group just shut down its $3.5 billion wealth management division

Some of the 'influencers' on Twitter are salivating at the thought of stoking more FUD to crash the prices further.

Most are sitting with cash, it's in their interests to see prices drop.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 06, 2023, 01:02:19 PM
BTC is a brutal 1 year chart to look at. Keep staring at it hoping it returns.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 06, 2023, 03:42:58 PM
Quote from: SOMEPARTS on January 06, 2023, 01:02:19 PM
BTC is a brutal 1 year chart to look at. Keep staring at it hoping it returns.

Some old biddy gave the best explanation of bull market dynamics I've come across. I'm not as confident of a 2023 date as her though.

"Whales (professional traders) act as market makers on "self-regulated" crypto exchanges, and pay no fees to these exchanges and  do not want to trade against each other (which is why such trades are called "toxic flow").

These market makers run ultra-HF algos that can perform trades (like "layering" and "spoofing") that are illegal on ordinary exchanges.

In 2023 the algos will be configured to manage a bitcoin bull run. Why?

Well, how else will they draw retail traders like you and me (who are now very scared) back to trading crypto?

Both market makers and exchanges need retail investors to come back. Exchanges need their fee income (market makers pay no fees), and for market makers it is because when their algos are equally good (i.e. not Alameda's) they have only a 50-50 change of winning a trade.

But retail investors who take risky, leveraged positions are very likely to be wiped out
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 06, 2023, 06:24:17 PM
Quote from: Flexacon on January 06, 2023, 03:42:58 PM
Some old biddy gave the best explanation of bull market dynamics I've come across. I'm not as confident of a 2023 date as her though.

"Whales (professional traders) act as market makers on "self-regulated" crypto exchanges, and pay no fees to these exchanges and  do not want to trade against each other (which is why such trades are called "toxic flow").

These market makers run ultra-HF algos that can perform trades (like "layering" and "spoofing") that are illegal on ordinary exchanges.

In 2023 the algos will be configured to manage a bitcoin bull run. Why?

Well, how else will they draw retail traders like you and me (who are now very scared) back to trading crypto?

Both market makers and exchanges need retail investors to come back. Exchanges need their fee income (market makers pay no fees), and for market makers it is because when their algos are equally good (i.e. not Alameda's) they have only a 50-50 change of winning a trade.

But retail investors who take risky, leveraged positions are very likely to be wiped out



Former retail investors AKA dumb money have been wiped out already.

I have a cousin who is a plumber who bought 100k BTC at 63k and was sure he was not going to have to work.

You think he's coming back? LOL

Mailbox money AKA stimmy is over, people are going to have to spend their own money now. The next two years are going to be screws turning on both Joe Six Pack and underemployed Bernie Bro types. Where is this capital inflow coming from?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 06, 2023, 07:13:36 PM
Former retail investors AKA dumb money have been wiped out already.

Have they? Plenty waiting on the sideline to buy back in

I have a cousin who is a plumber who bought 100k BTC at 63k and was sure he was not going to have to work.

You think he's coming back? LOL

Yes. He'll probably buy back in again near the top of the next run because of fomo.

Mailbox money AKA stimmy is over, people are going to have to spend their own money now. The next two years are going to be screws turning on both Joe Six Pack and underemployed Bernie Bro types. Where is this capital inflow coming from?

You either didn't read or understand the post. It actually made the case for why capital inflow isn't needed to send the price up. The price is manipulated up to entice dumb money back in, not the other way around. Anyway you do know stimmy was mostly a US phenomenon. The rest of the world did not get stimmy cheques. Stimmy didn't send crypto up in 2019, 2017 or 2013.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 06, 2023, 07:56:35 PM
Makes sense Flex.

The story goes those people decide on an indicator then paint the data according to that indicator so it looks like it’s working, then rug pull.

People forget it was crypto which ran up in price before everything else out of the pandemic. It was clearly very easy to hype up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on January 06, 2023, 09:45:47 PM
Quote from: Flexacon on January 06, 2023, 03:42:58 PM
Some old biddy gave the best explanation of bull market dynamics I've come across. I'm not as confident of a 2023 date as her though.

"Whales (professional traders) act as market makers on "self-regulated" crypto exchanges, and pay no fees to these exchanges and  do not want to trade against each other (which is why such trades are called "toxic flow").

These market makers run ultra-HF algos that can perform trades (like "layering" and "spoofing") that are illegal on ordinary exchanges.

In 2023 the algos will be configured to manage a bitcoin bull run. Why?

Well, how else will they draw retail traders like you and me (who are now very scared) back to trading crypto?

Both market makers and exchanges need retail investors to come back. Exchanges need their fee income (market makers pay no fees), and for market makers it is because when their algos are equally good (i.e. not Alameda's) they have only a 50-50 change of winning a trade.

But retail investors who take risky, leveraged positions are very likely to be wiped out

Yes, the regulators dropped the ball on this one and allowed crooks in wall St to say fuck it let's start offshore exchanges and offer  contracts 125 to 1 leverage.

We saw it with FTX selling btc It didn't have and even at 99% house odds the idiots still managed to blow themselves up.

Where onshore exchanges were offering 2.5 to 1 odds, just goes to show you how far out of wack things were.

The real question is when do we see a short squeeze in btc at which point it makes no sense for retail to not let go of any btc? 5, 10 even 20 years from now?

2018 there was something like 3.6 million btc on the exchanges. 2022 I believe that value is now 2.1 million? With the halving approaching next year 900btc mined a day becomes 450.

There is definitely money waiting on the sidelines for regulatory  clarity, maybe we don't see that clarity until 2025.

As for the plumber, that guy will be back degening into the next animal coin to try make 100x. As long as greed and fear remain in the human psyche then the market will be rife with gamblers.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 10, 2023, 06:52:21 AM

Coinbase fires 20% and their CEO says dark times are coming.

Y'all keep on hoping.

Saying that manipulation is needed more than smart money is hilarious.


https://www.coinbase.com/blog/a-message-from-ceo-and-co-founder-brian-armstrong-to-coinbase-employees
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 10, 2023, 07:15:00 AM
Quote from: SOMEPARTS on January 10, 2023, 06:52:21 AM
Coinbase fires 20% and their CEO says dark times are coming.

Y'all keep on hoping.

Saying that manipulation is needed more than smart money is hilarious.


https://www.coinbase.com/blog/a-message-from-ceo-and-co-founder-brian-armstrong-to-coinbase-employees

What's hilarious is that you waited 4 days to respond and don't even address how you clearly failed to understand the posts on the last page. Instead you came back with a coinbase blog update thinking your telling us new news.

Maybe it is new news to you, but I basically posted the same thing that's in the blog 5 days ago.

Quote from: Flexacon on January 05, 2023, 07:28:32 AM
Contagion unwinding and it's far from over.

Wyre has shutdown
Gemini earn is in a $1b hole
DCG is in a massive hole
Anything Barry Silbert touched looks fucked
Justin Sun has stopped paying staff in fiat.
Crypto.com, Binance and tether are looking sketchier than ever
Saylor looking like a huge degen using debt to buy BTC. A margin call can't be far away
Coinbase runway evaporating


I look forward to your response in another 4 days time
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 10, 2023, 12:19:53 PM
Yeah, here's the thing right - I'm not paying much attention to a completely flawed ponzi.

I prefer to laugh about it, because the bad news keeps piling up around the true believers...a bit of schadenfreude.



(https://scontent.fosu2-1.fna.fbcdn.net/v/t39.30808-6/324499876_562506922448107_9018390419903478958_n.jpg?_nc_cat=106&ccb=1-7&_nc_sid=8bfeb9&_nc_ohc=1WMpKvf4F8sAX9DCDin&_nc_ht=scontent.fosu2-1.fna&oh=00_AfBuB4x4Fn-r9JLEbGTk-l7UomRPgoESRt52GZTpYyboPg&oe=63C23FDF)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 11, 2023, 10:11:06 AM
Quote from: SOMEPARTS on January 10, 2023, 12:19:53 PM
Yeah, here's the thing right - I'm not paying much attention to a completely flawed ponzi.

I prefer to laugh about it, because the bad news keeps piling up around the true believers...a bit of schadenfreude.


I laugh at people who laugh about it, simply because I was once one them. But trying to understand the dynamics behind a "flawed ponzi" and the psychology around it had me laughing all the way to the bank. Best thing I ever done!

True believers (most have left this thread)  obviously aren't sitting comfortable with the current price, but they are in it for the long haul. They want all the fraudsters who used tradfi rails to enrich themselves through crypto to get washed out. They want all the crap coins gone. Their thesis isn't price based, it's time based, so the bad news isn't gonna change their beliefs.

Others who are more price sensitive are hoping for forced sell offs to drop the floor price. Bad news resulting in forced selling is exactly what they want.

You may soon hear " bad news" that Ripple lost a case against the SEC and that it's over for "crypto" as it will all get regulated and tokens listed as securities. If you decide to post it here just know that true believers (bitcoin maxis) and people waiting for forced selling couldn't be happier.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on January 11, 2023, 07:54:15 PM
Pretty sure Gib is dead, there is no reason why he wouldn't return back to this thread or board.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 12, 2023, 04:03:03 AM
Quote from: Theoak* on January 11, 2023, 07:54:15 PM
Pretty sure Gib is dead, there is no reason why he wouldn't return back to this thread or board.

Gib was cool. Even the other dude was good fun.

We had gib who was certain Bitcoin was the new world currency at any moment. Then the other bloke who was certain the USD was collapsing at any moment and was busy buying ammo.

Now most calling for the end of everything and a total collapse. Nein!

Anyhoo at least this pump might get me back to break even lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on January 12, 2023, 09:19:24 AM
Quote from: Mayday on January 12, 2023, 04:03:03 AM
Gib was cool. Even the other dude was good fun.

We had gib who was certain Bitcoin was the new world currency at any moment. Then the other bloke who was certain the USD was collapsing at any moment and was busy buying ammo.

Now most calling for the end of everything and a total collapse. Nein!

Anyhoo at least this pump might get me back to break even lol.

The record of forecasters is very poor. For all the endless talking about data points and earth shattering events and the Fed, the market is exactly where it was in mid May, 8 months ago. The reality is that most of the time the market goes nowhere. That’s why most options expire worthless. Insiders know this. That’s why all of the shit you see on Financial News is designed to get us to overtrade.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 12, 2023, 09:47:13 AM
Quote from: Thin Lizzy on January 12, 2023, 09:19:24 AM
The record of forecasters is very poor. For all the endless talking about data points and earth shattering events and the Fed, the market is exactly where it was in mid May, 8 months ago. The reality is that most of the time the market goes nowhere. That’s why most options expire worthless. Insiders know this. That’s why all of the shit you see on Financial News is designed to get us to overtrade.

Not on getbig. I called the October 2022 bottom 2 weeks prior and rally up. Killed it!

Quote from: Flexacon on September 30, 2022, 03:11:31 PM
Markets don't look like they've even hit the next resistance level yet let alone broken it. Looked like a lot of puts closed tonight but plenty more to go. I'm favouring hitting resistance next week, more puts closing and markets bouncing mid to late October. Still a bear market though.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on January 12, 2023, 03:05:42 PM
Quote from: Flexacon on January 12, 2023, 09:47:13 AM
Not on getbig. I called the October 2022 bottom 2 weeks prior and rally up. Killed it!

That’s a good short term call based on current conditions at the time. I’m talking about people making six months and year end  predictions now. The problem with these is that there are too many unknown variables that can have a large influence on prices.

You can go back to 2008. Nobody called the crash at the start of the year.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on January 12, 2023, 03:10:11 PM
I saw this fucking guy on TV today:



https://www.kiplinger.com/article/business/t019-c000-s002-my-forecast-for-2008.html


Jeremy J. Siegel

Contributing Columnist, Kiplinger's Personal Finance
Siegel is a professor at the University of Pennsylvania's Wharton School and the author of "Stocks For The Long Run" and "The Future For Investors."


Prospects for stocks. Shares should have a good year, returning 8% to 10%. Stocks will rise as economic growth picks up in the year's second half and head winds from the credit crisis ease. Earnings will take a hit in the first quarter of 2008, but profits will begin to recover by the second quarter. Stocks are reasonably valued, even when priced against poor earnings. Jeremy J. Siegel
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 12, 2023, 03:37:57 PM
Quote from: Thin Lizzy on January 12, 2023, 03:05:42 PM
That’s a good short term call based on current conditions at the time. I’m talking about people making six months and year end  predictions now. The problem with these is that there are too many unknown variables that can have a large influence on prices.

You can go back to 2008. Nobody called the crash at the start of the year.

the only things I got right was money supply, property and inflation. The rest I’m fucking useless 😂

I bought my crypto back when I thought the bottom was in. I was in profit for 3 or 4 months and it looked good until it legged down to 15.5k. I’m very close to break even now though and my outlook is 2025.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on January 12, 2023, 03:42:46 PM
Quote from: Mayday on January 12, 2023, 03:37:57 PM
the only things I got right was money supply, property and inflation. The rest I’m fucking useless 😂

I bought my crypto back when I thought the bottom was in. I was in profit for 3 or 4 months and it looked good until it legged down to 15.5k. I’m very close to break even now though and my outlook is 2025.

What’s so frustrating about attempting to forecast is that you can get the prediction right but the price still doesn’t go your way. It makes perfect sense that if central banks print trillions of dollars, gold should go through the roof but it’s been flat as fuck the entire time.🤔
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: delon on January 12, 2023, 03:46:26 PM
Quote from: Thin Lizzy on January 12, 2023, 03:05:42 PM
That’s a good short term call based on current conditions at the time. I’m talking about people making six months and year end  predictions now. The problem with these is that there are too many unknown variables that can have a large influence on prices.

You can go back to 2008. Nobody called the crash at the start of the year.

Or if they did predict seismic market changes it also holds true that more often than not - through a combination of true conviction, personality-type,confirmation bias and then morphing and merging into something approaching their 'brand' - they have a tendency to take that same outlook/position (or decision making framework) frequently by default, and it proves wrong just as often if not more so eg. Burry (perennial periodic doomsayer since  gfc), Grantham and the like. Siegel means well but he gets so worked up its almost comical

That being said, interest rate trends are not a bad starting point for where things may head. But yeah too many Rumsfeldesque known and unknown unknowns and thousands upon thousands of wheels spinning in their own micro and macro directions

With a big enough time frame (over a decade) its hard to objectively argue - assuming you are not addicted to the adreneline -against plonking a chunk in the s&p 500 as buffet says and then forget about it and enjoy your life

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 12, 2023, 04:12:40 PM
Quote from: Thin Lizzy on January 12, 2023, 03:05:42 PM
That’s a good short term call based on current conditions at the time. I’m talking about people making six months and year end  predictions now. The problem with these is that there are too many unknown variables that can have a large influence on prices.

You can go back to 2008. Nobody called the crash at the start of the year.

I was full bear on here mid/late 2021 and had shorts in the stock market. I was actually expecting the market to crash harder. The slow dump and leverage unwinding in crypto caught me out.

Burry did actually making all the right calls though. Only people think he's a crazy permabear when really he just highlights areas of risk without giving a time frame. Probably because his timing is also atrocious. The most recent example being he had Tesla shorts forever and then closed them a couple of weeks before the stock crashed massively. He also only communicates in riddles now as he's paranoid of the SEC harassing him again.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on January 12, 2023, 04:31:50 PM

https://www.cnbc.com/2007/12/04/abby-joseph-cohen-economy-to-rebound-in-2008.html

Abby Joseph Cohen, chief investment strategist at Goldman Sachs, says the U.S. economy will rebound in mid-2008, but the next few months will be bumpy.

In an interview with CNBC, Cohen explained why she remains bullish, how the recovery will look -- and what she foresees for the financial sector.


She says the S&P 500 will hit 1,675 by the end of 2008, a gain of 14.5 percent over 1,463 at market close Tuesday.

*******

It ended the year at 900.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 13, 2023, 03:42:57 AM
Quote from: Thin Lizzy on January 12, 2023, 03:42:46 PM
What’s so frustrating about attempting to forecast is that you can get the prediction right but the price still doesn’t go your way. It makes perfect sense that if central banks print trillions of dollars, gold should go through the roof but it’s been flat as fuck the entire time.🤔

That’s why my bets are 5yrs-6yrs out from 2020.

It doesn’t matter short term, longer term is ok. We will have a 2nd inflationary wave, just. Question of how big it will be. We can’t answer that until we see how deep this pullback will go CPI wise.

1970s was 5.3% for the first pullback economically so that’s a good reference point. Fed will be 4.4-4.5%.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: GymnJuice on January 13, 2023, 05:08:55 AM
Quote from: Flexacon on January 12, 2023, 04:12:40 PM
I was full bear on here mid/late 2021 and had shorts in the stock market. I was actually expecting the market to crash harder. The slow dump and leverage unwinding in crypto caught me out.

I don't do shorts but I was also expecting more of a recession and market downturn that what has happened so far.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 13, 2023, 05:55:59 PM
Quote from: SOMEPARTS on January 10, 2023, 06:52:21 AM
Coinbase fires 20% and their CEO says dark times are coming.

Y'all keep on hoping.

Saying that manipulation is needed more than smart money is hilarious.


https://www.coinbase.com/blog/a-message-from-ceo-and-co-founder-brian-armstrong-to-coinbase-employees

Every crypto exchange, every crypto lender, every crypto entity is in a hole right now to the tune of several billions. Legal cases and police raids are flying all over the place. Crypto is a complete shit show right now. What's the price doing though?  ;D

Now you see why I laughed when you said "Smart money" was needed. No bro crypto has the tether money printer fraud.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on January 13, 2023, 09:59:31 PM
Quote from: Flexacon on January 13, 2023, 05:55:59 PM
Every crypto exchange, every crypto lender, every crypto entity is in a hole right now to the tune of several billions. Legal cases and police raids are flying all over the place. Crypto is a complete shit show right now. What's the price doing though?  ;D

Now you see why I laughed when you said "Smart money" was needed. No bro crypto has the tether money printer fraud.

The tether fraud might be the last catalyst for a draw down of 60-70% after BTC next bull run 2024/2025. That's "if" it blows up, certain exchanges are already signalling no fees to rotate out of tether and into usdc(?). I'm sure they know something shady  is there and with SEC making concentrated efforts on stable coins we might just see it implode.

How much market share USDC can take from tether between now and a hypothetical  blow up will indicate how much market will drop. After that what could really be a potential threat for such massive draw  downs in bear markets?

We've had :

Mt gox
China bans
block size wars
ICO scams
black Swan events
Fraudulent crypto casinos
Environmental FUD

Barring another black Swan or Quantum computing(still awhile off) BTC is poised in next couple of halving cycles to really stablise in terms of downside.

One thing is for sure, when btc is trading 6figures same people in this thread will have their cocks in their had  still calling it a ponzi while chasing to super sweet 3% on some foreign  hedged index fund.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 14, 2023, 07:52:06 AM
Quote from: Mayday on January 12, 2023, 04:03:03 AM
Gib was cool. Even the other dude was good fun.

We had gib who was certain Bitcoin was the new world currency at any moment. Then the other bloke who was certain the USD was collapsing at any moment and was busy buying ammo.

Now most calling for the end of everything and a total collapse. Nein!

Anyhoo at least this pump might get me back to break even lol.

Yo Mayday my man! I am still here. Just lurking, As for the "other guy", I have a very nice post ready for him when we hit 100K.

Hope everyone is doing well... :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dave D on January 14, 2023, 09:20:29 AM
Quote from: gib on January 14, 2023, 07:52:06 AM
Yo Mayday my man! I am still here. Just lurking, As for the "other guy", I have a very nice post ready for him when we hit 100K.

Hope everyone is doing well... :)

Mr. Anabolic?

You chased him off. I imagine he’s going to come back now if he’s still alive.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Agnostic007 on January 15, 2023, 12:50:15 AM
So for a guy who hasn't yet put a dime into bitcoin or its various offsprings... what would you suggest for someone who wants to dabble in crypto with 5 or 10K for a long term investment?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 15, 2023, 05:21:34 PM
Quote from: gib on January 14, 2023, 07:52:06 AM
Yo Mayday my man! I am still here. Just lurking, As for the "other guy", I have a very nice post ready for him when we hit 100K.

Hope everyone is doing well... :)

Welcome back Gib. Still holding?

I'd like Army of One to return too so I can ask him how he feels about Richard Heart now.

Previous comments from him including him saying "Richard Heart is god" and "charismatic genius with more reach than anyone in crypto". Claimed Heart would take Pulsechain to heights that Ethereum and Vitalik would never be able to achieve. The brother got  psyoped good.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 15, 2023, 05:26:17 PM
Quote from: Agnostic007 on January 15, 2023, 12:50:15 AM
So for a guy who hasn't yet put a dime into bitcoin or its various offsprings... what would you suggest for someone who wants to dabble in crypto with 5 or 10K for a long term investment?

Everyone has different risk tolerances, expectations and time frames. More importantly is 10K a lot of money to you? On a 1 -10 scale how much would it matter to you if you lost it all?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 16, 2023, 03:09:50 AM
Quote from: Dave D on January 14, 2023, 09:20:29 AM
Mr. Anabolic?

You chased him off. I imagine he’s going to come back now if he’s still alive.

Maybe he's off grid somewhere, with his ammo and his gold...

Seriously though, I hope he is OK. He meant well, and I enjoyed the banter... :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 16, 2023, 03:12:32 AM
Quote from: Flexacon on January 15, 2023, 05:21:34 PM
Welcome back Gib. Still holding?


Indeed I am. Now have 55 coins, and I am confident more than ever in BTC.

I also bought a small amount of ETH, despite being a Bitcoin maxi.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 16, 2023, 03:13:28 AM
Quote from: gib on January 14, 2023, 07:52:06 AM
Yo Mayday my man! I am still here. Just lurking, As for the "other guy", I have a very nice post ready for him when we hit 100K.

Hope everyone is doing well... :)

Hi mate, hope all is well :) crazy times huh!

Quote from: Flexacon on January 15, 2023, 05:21:34 PM
Welcome back Gib. Still holding?

I'd like Army of One to return too so I can ask him how he feels about Richard Heart now.

Previous comments from him including him saying "Richard Heart is god" and "charismatic genius with more reach than anyone in crypto". Claimed Heart would take Pulsechain to heights that Ethereum and Vitalik would never be able to achieve. The brother got  psyoped good.

Gib is a nice guy, well behaved and polite. Have to give guys like that respect.

if we see S&P close to 4,100 then nuke sub 3,500 (maybe 3,200) I’m going gigga long lines of credit just like I did in 2020. my own data tracking is showing we are playing out at twice the speed of history.   I’m assuming we nuke lower but let’s see.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 16, 2023, 03:18:11 AM
Quote from: Agnostic007 on January 15, 2023, 12:50:15 AM
So for a guy who hasn't yet put a dime into bitcoin or its various offsprings... what would you suggest for someone who wants to dabble in crypto with 5 or 10K for a long term investment?

I would offer a few words of advice. Going out to "dabble" in any investment, is not ideal. You need to be well prepared. Read about Bitcoin. Understand some of the distinctions between Bitcoin and alts. Be prepared to HODL! And understand what the phrase "not your keys, not not your coins means".

I do think now is a great time to enter, and I think we will have a great ride as we enter 2024 -2025.

Mentally you need to be prepared for volatility. You could buy BTC now at 21K, and it could quite well in 1 month from now have dropped to 18, 14, or even 9K. Similarly it could be 23, 27, or 32K. The key is to take a long term view, ride it out, knowing that supply is fixed, and adoption and demand is only increasing, and so in the long term this should also be reflected in price.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 16, 2023, 03:21:36 AM
Quote from: Mayday on January 16, 2023, 03:13:28 AM
Hi mate, hope all is well :) crazy times huh!

Gib is a nice guy, well behaved and polite. Have to give guys like that respect.


Awww. The feeling is mutual. I like how the conversation morphed into a discussion on general economics and stocks also by the way. I can't recall if I mentioned back on this chain, that I am actually quite a significant stock investor. I'll jump back into the thread more actively at some point. Just busy at the moment but dropping in to say hi. :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 16, 2023, 06:20:20 PM
Quote from: gib on January 16, 2023, 03:12:32 AM
Indeed I am. Now have 55 coins, and I am confident more than ever in BTC.

I also bought a small amount of ETH, despite being a Bitcoin maxi.

Volcano bonds (how ridiculous does that sound) will keep BTC pumping.

Staking yields for ETH will eventually attract a lot money and pump ETH price.

I'm giving the edge to ETH for the next cycle.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 16, 2023, 06:35:27 PM
Quote from: Mayday on January 16, 2023, 03:13:28 AM
Hi mate, hope all is well :) crazy times huh!

Gib is a nice guy, well behaved and polite. Have to give guys like that respect.

if we see S&P close to 4,100 then nuke sub 3,500 (maybe 3,200) I’m going gigga long lines of credit just like I did in 2020. my own data tracking is showing we are playing out at twice the speed of history.   I’m assuming we nuke lower but let’s see.

I am waiting for those prices too, but getting more and more doubtful if we'll see it. Everyone went short in Sept/Oct last year and the slow climb up must have hurt them. Who is gonna go short now? Bad earnings are expected and other things like natural gas and oil prices are more bullish.

It doesn't look like we'll get a nuke from a major fund or bank blowing up either. Maybe October was the bottom and it's sideways now. I'm playing a few stocks this week cos volatility, but I'll keep waiting after that.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Agnostic007 on January 16, 2023, 07:08:20 PM
Quote from: gib on January 16, 2023, 03:18:11 AM
I would offer a few words of advice. Going out to "dabble" in any investment, is not ideal. You need to be well prepared. Read about Bitcoin. Understand some of the distinctions between Bitcoin and alts. Be prepared to HODL! And understand what the phrase "not your keys, not not your coins means".

I do think now is a great time to enter, and I think we will have a great ride as we enter 2024 -2025.

Mentally you need to be prepared for volatility. You could buy BTC now at 21K, and it could quite well in 1 month from now have dropped to 18, 14, or even 9K. Similarly it could be 23, 27, or 32K. The key is to take a long term view, ride it out, knowing that supply is fixed, and adoption and demand is only increasing, and so in the long term this should also be reflected in price.

Thanks.. I plan on holding for awhile
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 18, 2023, 04:20:52 AM
Quote from: Flexacon on January 16, 2023, 06:35:27 PM
I am waiting for those prices too, but getting more and more doubtful if we'll see it. Everyone went short in Sept/Oct last year and the slow climb up must have hurt them. Who is gonna go short now? Bad earnings are expected and other things like natural gas and oil prices are more bullish.

It doesn't look like we'll get a nuke from a major fund or bank blowing up either. Maybe October was the bottom and it's sideways now. I'm playing a few stocks this week cos volatility, but I'll keep waiting after that.

99% are convinced we have a biblical crash from here. My Twitter feed is filled with Tesla single digits dollar calls 😂 every fucker is shorting at 4,000 expecting 2,000.

I try to be open minded and We have 2 proper inflationary cycles in our lifetime to look at:

99% say it’s 70s which was epic crashes and chop for 10yrs
The 40s had an initial 25% crash then a 2x followed by another 2x

We had a 27% crash back in October. The forward looking question is what are we planning economy wise. The 40s featured massive economic and trade reform as we globalised. Today with deglobalisation we are faced with massive economic and trade reform.

I have NFI but it’s worth pondering In the 40s, people were calling for a collapse all the way into the 50s….. but yet this happened 👀



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 18, 2023, 01:31:32 PM
Quote from: gib on January 16, 2023, 03:12:32 AM
Indeed I am. Now have 55 coins, and I am confident more than ever in BTC.

I also bought a small amount of ETH, despite being a Bitcoin maxi.

(https://media.giphy.com/media/ljookvhfvUQ0w/giphy.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 20, 2023, 05:40:31 PM


22,600  :D

It would be bloody funny if we somehow ended back up at 60k lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 20, 2023, 06:34:58 PM
Quote from: Mayday on January 20, 2023, 05:40:31 PM

22,600  :D

It would be bloody funny if we somehow ended back up at 60k lol.

The Genesis chapter 11 bankruptcy should allow for an orderly sell off so no further nuking hopefully (unless it's with the stockmarket)

I'll be happy with a 40K top, I'd even take 30k.

I've converted all the crap I mined into Algo. Need it to pump x2 to cover my costs. BTW the Australian banks have gone and done their stablecoin. (Eth and Algo rails)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 20, 2023, 06:59:30 PM
Quote from: Griffith on January 18, 2023, 01:31:32 PM
(https://media.giphy.com/media/ljookvhfvUQ0w/giphy.gif)

Let me explain myself on the ETH, and the possible criticism that this is a betrayal of my BTC maxi beliefs.

 Whilst I believe eventually almost all alts will collapse (and in any case will be restricted from most regulated exchanges due to being unregistered securities thus heavily impacting their value, legitimacy and liquidity), I did buy ETH purely for speculative reasons as I believe it will move upwards along with BTC for a period of time. (Of course the same "logic" could be applied to all "alts", I know). There is a huge risk that ETH will be enforced as a security by the SEC this year (and the same decision followed by many other countries) and that of course is very bullish for BTC as money moves into the only real "crypto commodity". Also, ETH is becoming increasingly centralized (as opposed to BTC which is totally decentralized and where all the safe money is thus moving - and this is big money, from conservative family offices, HNWs, hedge funds, pension funds, etc), and over time the pitch that ETH's "proof of stake" is "better for power consumption" will also be its downfall due to the resulting centralization - after all the whole reason we moved away from fiat was due its centralized control and the risks that brings. ETH is constantly changing at a whim of a few people in control, whereas BTC is consistently constant due to is decentralized nature.

Not sure if that fully makes sense, but I really remain a BTC maxi. I have not even recently looked at how much ETH I have accumulated, but I am guessing i hold around 3% ETH vs all the rest BTC other than a tiny bit of alt shrapnel I bought for fun to support friends etc who were "launching projects".
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 21, 2023, 01:51:42 AM
I really do hope lessons are learned this time around.

Ignore the scam coins, which inevitably appear every new cycle.

During this next cycle, despite all we should have learned, we will see shysters promoting a "this is a better bitcoin" or this is the most exciting "new crypto project" etc. Those who already experienced the last cycle (or the last 2 cycles) will already have hardened bullshit / scam battle scares. But with every cycle come a new cohort of newbies, and of people who still didn't learn their lesson last time around.

Fool me once, shame on you. Fool me twice, shame on me.

United (with Bitcoin) we stand. Divided (with "crypto") we fall.

See you all at 100k! (Especially you Mr Anabolic...)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on January 21, 2023, 07:39:54 AM
Quote from: Mayday on January 20, 2023, 05:40:31 PM

22,600  :D

It would be bloody funny if we somehow ended back up at 60k lol.

The range before the FTX crash was 20-25k. Personally, I’d fade the breakout at 25k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on January 21, 2023, 07:50:32 AM
Pretty much all the major asset classes have been flat the past 6 months or longer. Under these conditions, traders have a tendency to front run breaks. This leads to them getting worked by the market makers.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 21, 2023, 02:55:03 PM
Quote from: Thin Lizzy on January 21, 2023, 07:39:54 AM
The range before the FTX crash was 20-25k. Personally, I’d fade the breakout at 25k.


23,100  :D

It’s sitting smack bang on dominance resistance right now. If this rally has legs it will break above and run towards the next 2 higher levels. 29.1k top level perhaps? Market is shorting crypto like a MOFO.

On a structure front, 2023 has no wick below the opening. Only other year that had no wick below was 2011. if price has moved lower already I’d be more comfortable in this rally being a good one but high odds we create new lows this year.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 21, 2023, 03:13:16 PM
Quote from: gib on January 20, 2023, 06:59:30 PM
Let me explain myself on the ETH, and the possible criticism that this is a betrayal of my BTC maxi beliefs.

 Whilst I believe eventually almost all alts will collapse (and in any case will be restricted from most regulated exchanges due to being unregistered securities thus heavily impacting their value, legitimacy and liquidity), I did buy ETH purely for speculative reasons as I believe it will move upwards along with BTC for a period of time. (Of course the same "logic" could be applied to all "alts", I know). There is a huge risk that ETH will be enforced as a security by the SEC this year (and the same decision followed by many other countries) and that of course is very bullish for BTC as money moves into the only real "crypto commodity". Also, ETH is becoming increasingly centralized (as opposed to BTC which is totally decentralized and where all the safe money is thus moving - and this is big money, from conservative family offices, HNWs, hedge funds, pension funds, etc), and over time the pitch that ETH's "proof of stake" is "better for power consumption" will also be its downfall due to the resulting centralization - after all the whole reason we moved away from fiat was due its centralized control and the risks that brings. ETH is constantly changing at a whim of a few people in control, whereas BTC is consistently constant due to is decentralized nature.

Not sure if that fully makes sense, but I really remain a BTC maxi. I have not even recently looked at how much ETH I have accumulated, but I am guessing i hold around 3% ETH vs all the rest BTC other than a tiny bit of alt shrapnel I bought for fun to support friends etc who were "launching projects".
There is no such thing as true decentralization. The BTC blockchain is under the control of two mining entities.

https://coingeek.com/smoke-miners-myth-of-btc-network-decentralization-exposed/

Bitcoin also changes. There were a few updates, most recently in 2021 with Taproot. And more updates will be in Bitcoin's future.

https://www.cnbc.com/2021/06/12/bitcoin-taproot-upgrade-what-it-means.html#:~:text=Dado%20Ruvic%20%7C%20Reuters-,The%20first%20bitcoin%20upgrade%20in%20four%20years%20has%20just%20been,to%20take%20effect%20in%20November.

POS still required work. Anyone is free to set up a validator, so long as they have 32 ETH in a wallet. As a validator, you have to provide hardware, electricity, and Internet, and the node has to be updated as required. Therefore the validator is doing work to secure the network. That flies in the face of the Howey test.

What work is Michael Saylor doing to secure the Bitcoin network? All he did was buy BTC. Why did he do that? Because he expects the value to go up and therefore he can profit off the work of "others" - the miners and other investors driving up the price. See you can make an argument from many sides. One could argue that Bitcoin satisfies the Howey test for those that are not putting any work in to secure the BTC network. And the same goes for Ethereum, Cardano etc. ETH was also deemed to not be a security by Hinman.

Now we all know governments are corrupt. First of all, one should realize the SEC is not there to really protect investors. Their job is to maintain the status of the powers that be. So it would not surprise me if they try to claim in the future that Ethereum is a security. But they would have to prove it. Perhaps Ethereum should lower the threshold for solo staking and get many more validators on board to completely demolish any arguments of centralization.

https://www.reuters.com/article/us-cryptocurrencies-ether/u-s-sec-official-says-ether-not-a-security-price-surges-idUSKBN1JA30Q
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on January 21, 2023, 11:20:31 PM
Quote from: obsidian on January 21, 2023, 03:13:16 PM
There is no such thing as true decentralization. The BTC blockchain is under the control of two mining entities.

https://coingeek.com/smoke-miners-myth-of-btc-network-decentralization-exposed/

Bitcoin also changes. There were a few updates, most recently in 2021 with Taproot. And more updates will be in Bitcoin's future.

https://www.cnbc.com/2021/06/12/bitcoin-taproot-upgrade-what-it-means.html#:~:text=Dado%20Ruvic%20%7C%20Reuters-,The%20first%20bitcoin%20upgrade%20in%20four%20years%20has%20just%20been,to%20take%20effect%20in%20November.

POS still required work. Anyone is free to set up a validator, so long as they have 32 ETH in a wallet. As a validator, you have to provide hardware, electricity, and Internet, and the node has to be updated as required. Therefore the validator is doing work to secure the network. That flies in the face of the Howey test.

What work is Michael Saylor doing to secure the Bitcoin network? All he did was buy BTC. Why did he do that? Because he expects the value to go up and therefore he can profit off the work of "others" - the miners and other investors driving up the price. See you can make an argument from many sides. One could argue that Bitcoin satisfies the Howey test for those that are not putting any work in to secure the BTC network. And the same goes for Ethereum, Cardano etc. ETH was also deemed to not be a security by Hinman.

Now we all know governments are corrupt. First of all, one should realize the SEC is not there to really protect investors. Their job is to maintain the status of the powers that be. So it would not surprise me if they try to claim in the future that Ethereum is a security. But they would have to prove it. Perhaps Ethereum should lower the threshold for solo staking and get many more validators on board to completely demolish any arguments of centralization.

https://www.reuters.com/article/us-cryptocurrencies-ether/u-s-sec-official-says-ether-not-a-security-price-surges-idUSKBN1JA30Q

Gib gave up his btc maxi status when he bought into ETH.

Eth is a long con and theoretically broken from the  beginning trying to pack way to much functionality into a layer one protocol.
BTC is the internet of money. So if you think about that being layer one the lightning network layer two then you'll see other layers develop ontop of it and that's how protocols and distributed network architecture  actually work. The whole btc is old tech is garbage touted by conmen  looking to cash in on the supposed next btc2.0. The chance to kill btc was 2011-2012 maybe those early days with something  new. Now I would assign less than 2% chance of anything ever dethroning the king.

Btc will and is going after everything, it will not be a light switch moment where flick off to on and everything is based  off btc settlement layer. As much as I'd like that, it's a process which takes time and btc isn't ready....yet. I'd say next 10-20 years.

All POS networks are doomed from the start, it's subject to politics its subject to controls and just centralises over  time (long con). Its basically just replicating fiat  the existing system.

Obsidian you know how difficult staking without a centralised entity can be, hence  you using coinbase.  99% are full retard and or lazy when it comes to money.

That's not to say Eth isn't going to outperform btc for near term future and be around for awhile. I'm not for an extra 60% on my money in a centralised coin when it's already up 300x in something that's truly decentralized.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 22, 2023, 06:23:09 AM
Quote from: Theoak* on January 21, 2023, 11:20:31 PM

Eth is a long con and theoretically broken from the  beginning trying to pack way to much functionality into a layer one protocol.
BTC is the internet of money. So if you think about that being layer one the lightning network layer two then you'll see other layers develop ontop of it and that's how protocols and distributed network architecture  actually work.

It must have been a long time since you've looked at Eth. It had working layer 2 rollups long before lighting network came along on Bitcoin. Once EVM compatible (Ethereum-equivalent allowing smart contracts) layer 2s make it to market then current rollups can work as layer 3 and the doors open for everyone.

As far as "protocols and distributed network architecture" goes ethereum is ahead of everyone in the space, both in terms of progress and people/projects involved.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 22, 2023, 06:15:41 PM
Quote from: Theoak* on January 21, 2023, 11:20:31 PM
Gib gave up his btc maxi status when he bought into ETH.

Eth is a long con and theoretically broken from the  beginning trying to pack way to much functionality into a layer one protocol.
BTC is the internet of money. So if you think about that being layer one the lightning network layer two then you'll see other layers develop ontop of it and that's how protocols and distributed network architecture  actually work. The whole btc is old tech is garbage touted by conmen  looking to cash in on the supposed next btc2.0. The chance to kill btc was 2011-2012 maybe those early days with something  new. Now I would assign less than 2% chance of anything ever dethroning the king.

Btc will and is going after everything, it will not be a light switch moment where flick off to on and everything is based  off btc settlement layer. As much as I'd like that, it's a process which takes time and btc isn't ready....yet. I'd say next 10-20 years.

All POS networks are doomed from the start, it's subject to politics its subject to controls and just centralises over  time (long con). Its basically just replicating fiat  the existing system.

Obsidian you know how difficult staking without a centralised entity can be, hence  you using coinbase.  99% are full retard and or lazy when it comes to money.

That's not to say Eth isn't going to outperform btc for near term future and be around for awhile. I'm not for an extra 60% on my money in a centralized coin when it's already up 300x in something that's truly decentralized.

Dude, I fully agree with everything you have said here. ETH will inevitably fail, for various fundamental reasons, including those you have mentioned - how long that will take, who knows. Further there is real regulatory risk on the horizon with ETH, due to its history of its founders issuing tokens to themselves, which can never be undone or reversed. We are seeing this with Ripple also. Eth may very well be enforced as a security this year (and as such would be an illegal unregistered security), and that in turn will require all regulated exchanges to cease allowing it to be traded, of course leading even more inflow into BTC as "crypto investors" realize the implications.

Eth was really, in many wats, essentially an affinity scam on Bitcoin - maybe even well intentioned. What needs to happen, and I believe will happen, is that we all come to collectively agree and undersand that BTC is the global base layer of value. And we then build on top of that for more efficient transfers, smart contracts, defi etc, all of which was as envisaged by Satoshi. Creating a whole separate, centralized, system, where the technology itself is traded as a store of value as a competing base layer, is really is a perversion of all that Bitcoin stands for.

I really only bought a little ETH as I think its possible that in the short term it will rise in value with BTC, maybe even at a sharper % gain due to lower market cap and due to misunderstanding that it is a "better technology". On numerous occasions I have met relatively intelligent people, new to this space, who in a well meaning manner ask you "Oh, but what about Eth? It can do smart contracts and all that. Now Eth really is quite interesting technology. And its more energy efficient". It really takes time for people to fully understand, and comprehend, at a fundamental principles level, and at a philosophical and economic level, the importance of the distinction between Bitcoin and all other alts. But please be assured, I am a very much a BTC maximalist (at least in so far as knowing that BTC is the ultimate, original, and most perfect form of global digital store of value). I have not betrayed the cause!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 24, 2023, 01:54:29 AM
Mining related, I have taken positions in metals and miners.

we are in a tightening phase however…… it appears to me too many people are now ‘pro’ level CPI analysts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 24, 2023, 04:25:46 AM
Quote from: Mayday on January 24, 2023, 01:54:29 AM
Mining related, I have taken positions in metals and miners.

we are in a tightening phase however…… it appears to me too many people are now ‘pro’ level CPI analysts.

Regarding metals, I am of the view that a significant chunk of Bitcoiners will form part of a new generation who appreciate and desire gold (and vice versa). For my, it was my interest in Bitcoin which actually turned me on to gold. Now I own both, although substantially more Bitcoin than gold.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 24, 2023, 03:22:29 PM
Quote from: Mayday on January 24, 2023, 01:54:29 AM
Mining related, I have taken positions in metals and miners.

we are in a tightening phase however…… it appears to me too many people are now ‘pro’ level CPI analysts.

Anything with Lithium exposure? Been looking to get involved, but don't know if it's too late now.

I hold some physical gold and used to be involved in spot silver. Price is heavily manipulated though, but it does benefit occasionally from a short squeeze.

Did you pick up any bitcoin mining stocks?  :D I'm gonna pick up £10k of $Mara in the morning just for bants
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 24, 2023, 09:40:56 PM
Quote from: Flexacon on January 24, 2023, 03:22:29 PM
Anything with Lithium exposure? Been looking to get involved, but don't know if it's too late now.

I hold some physical gold and used to be involved in spot silver. Price is heavily manipulated though, but it does benefit occasionally from a short squeeze.

Did you pick up any bitcoin mining stocks?  :D I'm gonna pick up £10k of $Mara in the morning just for bants

Lithium is interesting. I have a friend who runs a metals fund. He is very bullish on Lithium. The obvious question of course is how much future demand is already priced in.

I think a some point we may see a surge in demand for real, physical gold. Not paper gold. And when that happens, if all fake paper gold gets squeezed out (like with fake BTC FTX) it could lead to huge demand for the real thing.

For BTC miners, be careful, but yes right now they could be a good buy. They usually trade at a multiple to BTC (both on the upside and the downside) kind of like a leveraged bet on BTC (much like gold with gold miners).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 25, 2023, 04:02:36 AM
Quote from: Flexacon on January 24, 2023, 03:22:29 PM
Anything with Lithium exposure? Been looking to get involved, but don't know if it's too late now.

I hold some physical gold and used to be involved in spot silver. Price is heavily manipulated though, but it does benefit occasionally from a short squeeze.

Did you pick up any bitcoin mining stocks?  :D I'm gonna pick up £10k of $Mara in the morning just for bants

Positioning more for silver right now as Silver hasn’t squeezed yet. When it goes, it’ll tap $60 without much drama. Right now feels similar to 2010-11 when I did a play in silver.

For lithium and energy i Think the market goes up short term. I think the market interprets CPI and Fed actions incorrectly and they end up ‘front running’ by mistake which triggers FOMO this year.

Notice how everyone is now a Pro on CPI, Fed rates and ‘pivoting’?. Seriously I have had some people in my estate with the IQ of a shovel tell me about rates right now and CPI. Fkn 😂 so one one hand we have Uber bearish collapse people shorting the market and on the other we have sidelined cashed up people looking to 100x front run the Fed pivot.

We know we need a deflationary event to trigger inflationary policy. It could very well be this rally/FOMO ramps shit to spastic levels which then blow up and crash, ironically creating the deflationary event to allow the true inflationary response to occur.  99% are calling for a recession worse than the GFC….. this suggests something really fucked up is going to happen this year so I reckon a spastic rally followed by a crash nukes 99% lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 25, 2023, 02:51:44 PM
DXY parabolic moves all go back to baseline before changing directions.

This would mean next stop for the DXY is the 80s.

Fed rates next week, a move of 0.25% will likely be perceived by the market as the start of a pivot.

Depending how you draw your trend lines on the S&P this week is a breakout, if the above is true then next week should confirm the breakout for S&P.


Money supply went -1.3% 22 vs 21. Money supply going backwards generally means fucking horrific things ahead. If by some chance the market rallies it will be short lived as the money supply can only go negative for a very short period before it hits everything. It’s like getting a massage and then being stabbed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 25, 2023, 09:26:39 PM
Quote from: gib on January 24, 2023, 09:40:56 PM

For BTC miners, be careful, but yes right now they could be a good buy. They usually trade at a multiple to BTC (both on the upside and the downside) kind of like a leveraged bet on BTC (much like gold with gold miners).

Miners, even the least efficient ones are all in profit at around $22.5k. If contagion has unwound to the point of no more forced selling then this price can hopefully be defended. Miners finally get some much needed breathing room. Feels like a good time to take a small amount of risk there. Will keep adding to my position.

Quote from: Mayday on January 25, 2023, 04:02:36 AM
Positioning more for silver right now as Silver hasn’t squeezed yet. When it goes, it’ll tap $60 without much drama. Right now feels similar to 2010-11 when I did a play in silver.

For lithium and energy i Think the market goes up short term. I think the market interprets CPI and Fed actions incorrectly and they end up ‘front running’ by mistake which triggers FOMO this year.

Notice how everyone is now a Pro on CPI, Fed rates and ‘pivoting’?. Seriously I have had some people in my estate with the IQ of a shovel tell me about rates right now and CPI. Fkn 😂 so one one hand we have Uber bearish collapse people shorting the market and on the other we have sidelined cashed up people looking to 100x front run the Fed pivot.

We know we need a deflationary event to trigger inflationary policy. It could very well be this rally/FOMO ramps shit to spastic levels which then blow up and crash, ironically creating the deflationary event to allow the true inflationary response to occur.  99% are calling for a recession worse than the GFC….. this suggests something really fucked up is going to happen this year so I reckon a spastic rally followed by a crash nukes 99% lol

I think Bulls and Bears will both end up getting flattened.

Bears get wiped out by fatigue, mini rallies and a side ways market that does nothing. A pivot is eventually announced, bulls jump in and go long with everything they've got and that's when the market crashes. Everyone feels the pain. Bears miss the crash as they have already tapped out and bulls went in too early.

Hopefully crypto FOMO doesn't get me and I'll be there waiting in cash to take advantage.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 26, 2023, 03:49:56 AM
Quote from: gib on January 22, 2023, 06:15:41 PM
Dude, I fully agree with everything you have said here. ETH will inevitably fail, for various fundamental reasons, including those you have mentioned - how long that will take, who knows. Further there is real regulatory risk on the horizon with ETH, due to its history of its founders issuing tokens to themselves, which can never be undone or reversed. We are seeing this with Ripple also. Eth may very well be enforced as a security this year (and as such would be an illegal unregistered security), and that in turn will require all regulated exchanges to cease allowing it to be traded, of course leading even more inflow into BTC as "crypto investors" realize the implications.

Eth was really, in many wats, essentially an affinity scam on Bitcoin - maybe even well intentioned. What needs to happen, and I believe will happen, is that we all come to collectively agree and undersand that BTC is the global base layer of value. And we then build on top of that for more efficient transfers, smart contracts, defi etc, all of which was as envisaged by Satoshi. Creating a whole separate, centralized, system, where the technology itself is traded as a store of value as a competing base layer, is really is a perversion of all that Bitcoin stands for.

I really only bought a little ETH as I think its possible that in the short term it will rise in value with BTC, maybe even at a sharper % gain due to lower market cap and due to misunderstanding that it is a "better technology". On numerous occasions I have met relatively intelligent people, new to this space, who in a well meaning manner ask you "Oh, but what about Eth? It can do smart contracts and all that. Now Eth really is quite interesting technology. And its more energy efficient". It really takes time for people to fully understand, and comprehend, at a fundamental principles level, and at a philosophical and economic level, the importance of the distinction between Bitcoin and all other alts. But please be assured, I am a very much a BTC maximalist (at least in so far as knowing that BTC is the ultimate, original, and most perfect form of global digital store of value). I have not betrayed the cause!
So now BTC wants to copy ETH with smart contracts - lmao! The Ethereum developers are way ahead of Bitcoin developers. They are the ones that invented smart contracts. Bitcoin is trying to catch up. And if Bitcoin is a store of value why on earth would anyone want to use it for any transactions? Just buy, hold and sell when the price is sky high!?

There are many many more developers working on Ethereum compared to Bitcoin. It's not even close.

Bitcoin’s popularity with developers shrunk last year while Ethereum’s flourished. Here’s what that means for investors
https://www.cnbc.com/2023/01/18/developers-soured-on-bitcoin-over-the-last-year-heres-why-that-matters.html

There's too much utility for blockchains in the future in the world for one blockchain to satisfy all demands. That's just delusional thinking. I don't see only BTC thriving. And I do see ETH providing more yields in the long run.

ETH staking allows your ETH supply to grow and yet the inflation rate now is a lot lower than Bitcoin's inflation rate. Any entity that provides interest on Bitcoin holdings is speculating with the funds to deliver the interest. And that's a recipe for disaster. But the Ethereum interest is built into the Proof of Stake mechanism. I can stake ETH and expect the ETH balance to grow over time, but not at a crazy inflation rate.

I also see a problem with Bitcoin once most BTC has been mined. Why would anyone secure the network without getting much BTC in return? Who's going to pay the fees of the miners that are supposed to secure the network and prevent a 51% attack? How high would the fees have to be to keep these miners interested? I would not be surprised if Bitcoin switches to a POS system at some point in the future.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 26, 2023, 03:57:47 AM
Quote from: Theoak* on January 21, 2023, 11:20:31 PM
Gib gave up his btc maxi status when he bought into ETH.

Eth is a long con and theoretically broken from the  beginning trying to pack way to much functionality into a layer one protocol.
BTC is the internet of money. So if you think about that being layer one the lightning network layer two then you'll see other layers develop ontop of it and that's how protocols and distributed network architecture  actually work.
You claim Ethereum developers tried to build too much functionality in the layer 1 network which resulted in layer 2 solutions and at the same time you tout the layer 2 lightning network of Bitcoin - lmao! That's the same thing then. How is it any different?

And exactly how is Ethereum a long con? Why don't you go into more detail?

I see a major structural problem in Bitcoin's future. Why would miners stay to secure the Bitcoin network after most BTC has been mined? Yeah, I know that could be decades from now. Some say 2050 and others past 2100. However, the amount of BTC left to miners will steadily decrease. At some point, it will impact how many miners stick around to secure the network.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 27, 2023, 06:19:33 PM
Quote from: obsidian on January 26, 2023, 03:57:47 AM
You claim Ethereum developers tried to build too much functionality in the layer 1 network which resulted in layer 2 solutions and at the same time you tout the layer 2 lightning network of Bitcoin - lmao! That's the same thing then. How is it any different?

And exactly how is Ethereum a long con? Why don't you go into more detail?

I see a major structural problem in Bitcoin's future. Why would miners stay to secure the Bitcoin network after most BTC has been mined? Yeah, I know that could be decades from now. Some say 2050 and others past 2100. However, the amount of BTC left to miners will steadily decrease. At some point, it will impact how many miners stick around to secure the network.

Satoshi and the early contributors always envisaged Bitcoin as a rock solid layer 1 foundation of money, with 2nd (and 3rd)  layers of functionality built on top. A great example of this will be the Lightening Network, but of course we will also will see layers which support smart contracts, defi, and other uses carefully and thoughtfully built on BTC. The key is that Bitcoin is the rock solid core at all of this representing perfect global money.

Now if you compare that to ETH, you wiil see that ETH has become a centralized, kind of Frankenstein project, continuously modified, centralized and distorted, and then mixing up and bolting on a whole bunch of "technology features" into a coin which itself is used by some as a tradable store of value. Its an absolute mess, and all this history with Eth cannot be undone. Indeed, it will only get worse.

As for what happens "when all the Bitcoin run out", this has been asked (and answered) so many times (as has a the question of "but there are only 21 million coins, so how can they be subdivided so that it can be a global currency). A simple google search answers both (to the extent it is not already obvious).

Basically, by the time we reach the mythical "last coin", the total global use and volume will be such that transaction fees are more than sufficient to incent miners to switch over. The transaction fees which now make up less than 10% of the existing revenue for miners will increase over time. And that will more than compensate for the loss of block rewards on the mining side. Its a beautiful thing, as again the economic incentive (or put more simply, self motivated greed) supports and secures the entire network, with there being a continued and sustainable push to arbitrage and squeeze out every remaining micro-Satoshi from the supporting BTC transactions, which in turn continues to support the network. We will of course also see Bitcoin holders, Governments, Institutions, Individuals, also help protect the next work out of self motivation to preserve the security of their Sats.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 27, 2023, 09:08:11 PM
Quote from: gib on January 27, 2023, 06:19:33 PM
Satoshi and the early contributors always envisaged Bitcoin as a rock solid layer 1 foundation of money, with 2nd (and 3rd)  layers of functionality built on top. A great example of this will be the Lightening Network, but of course we will also will see layers which support smart contracts, defi, and other uses carefully and thoughtfully built on BTC. The key is that Bitcoin is the rock solid core at all of this representing perfect global money.

Now if you compare that to ETH, you wiil see that ETH has become a centralized, kind of Frankenstein project, continuously modified, centralized and distorted, and then mixing up and bolting on a whole bunch of "technology features" into a coin which itself is used by some as a tradable store of value. Its an absolute mess, and all this history with Eth cannot be undone. Indeed, it will only get worse.

As for what happens "when all the Bitcoin run out", this has been asked (and answered) so many times (as has a the question of "but there are only 21 million coins, so how can they be subdivided so that it can be a global currency). A simple google search answers both (to the extent it is not already obvious).

Basically, by the time we reach the mythical "last coin", the total global use and volume will be such that transaction fees are more than sufficient to incent miners to switch over. The transaction fees which now make up less than 10% of the existing revenue for miners will increase over time. And that will more than compensate for the loss of block rewards on the mining side. Its a beautiful thing, as again the economic incentive (or put more simply, self motivated greed) supports and secures the entire network, with there being a continued and sustainable push to arbitrage and squeeze out every remaining micro-Satoshi from the supporting BTC transactions, which in turn continues to support the network. We will of course also see Bitcoin holders, Governments, Institutions, Individuals, also help protect the next work out of self motivation to preserve the security of their Sats.
All these functionalities built on top of Bitcoin that you describe mean development and change. Bitcoin is software and a human creation like everything else. Yes, Ethereum is continuously modified and the fact that the developers have been able to keep it all together without major issues is amazing. But Bitcoin will also have to change to compete with Ethereum. The tap root Bitcoin update introduced smart contracts. Bitcoin also changes and will continue to change. It's a lie saying it never changes. And since when is change a bad thing?!

However, Bitcoin can't do smart contracts as effectively as Ethereum can even with all these changes. And Ethereum has a lot more developers working on it. You need developers to make it happen - even Bitcoin needs developers.

Bitcoin is centralized because two pool miners dominate the hash rate.

The centralization of Bitcoin: Behind the two mining pools controlling 51% of the global hash rate

Only two pools were responsible for mining more than half of Bitcoin's blocks in the second half of December. We looked at Foundry and Antpool to see what's behind the mining behemoths and is Bitcoin really as centralized as it looks.

While most of the market focuses on Bitcoin’s price volatility, a much bigger problem seems to go unnoticed.

The centralization of Ethereum has been one of the hottest topics in the crypto industry since the network’s switch to Proof-of-Stake, with many critics warning about the dangers of such a high market cap cryptocurrency relying on only a handful of centralized validators.

Since the coveted mining ban in China, the centralization of the Bitcoin network mostly disappeared from mainstream discussions and became the focus of a niche group in the mining sphere.

However, Bitcoin’s centralization is a problem that concerns the entire market, especially now when only two mining pools produce the majority of its blocks.

CryptoSlate looked at Bitcoin’s global hash rate distribution and found that more than half of it came from Foundry USA and Antpool.

The two pools mined over a quarter of Bitcoin blocks in the past ten days each. Since mid-December, Foundry USA mined 357 blocks, while Antpool mined 325. Foundry’s block production accounted for 26.98% of the network, while Antpool was responsible for just under 24.5% of the total block production.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 27, 2023, 11:39:58 PM
That article mis-describes what a mining pool actually is. You need to be careful not to confuse or obfuscate concepts without thinking it though a little deeper.

A mining pool consists of a large number of individual miners, who mine independently, but combine to share blocks when discovered (giving more consistent and predicable flow of income). This does not mean an entire pool could be coerced into a 51% attack. Indeed it would be virtually impossible given how many miners are in a typical pool of miners, and secondly because there would be no financial incentive to do so (indeed quite contrary to any financial incentive) to do so any individual miner. This is part of the beauty of the proof of work model. Every aspect of the ecosystem is incentivized through self interest, to benefit the strength of the network. So yes, a pool itself is "centralized" to the extent the share block rewards, but they consist of thousands of decentralized miners who act independently and in self interest. So, what you need to do is look at the power of each individual miner, and then bare in mind that new minders as constantly coming along, either to mine alone, or joining a pool. Think of a pool really simply as shared payments.

I'll give you a simple example. Lets say we have 9000 orange growers in the US. 4000 of those decide to join an producers collective - ie they all sell to a single aggregator who in turn gives a guaranteed price and is a consistent buyer. Does that mean that if the aggregator tried to order all 4000 producers to destroy their crops, that each independent grower would do that? Of course not. Why? Well because even though the "pool" is a centralized entity, it consists of many decentralized players. Indeed any smart individual grower would immediately would know that their oranges immediately become more valuable if others were to disappear. Classic economic game theory.

Mining pools actually incentivize more miners to enter the mining business, as they can get a consistent and immediate return on capital, and then grow without large outlay, due to the predicable and immediate shared income. As a result, they are a positive force to the strength on the network.

The second (and 3rd layer) technologies are built on top of Bitcoin, not into Bitcoin itself (but yes, it is correct that Bitcoin can be modified to be optimized for such 2nd layer solutions). This is core to the ethos and tenants of BTC. BTC, as open source code can be modified (and indeed is regularly tweaked). This is indeed because bitcoin is decentralized - it has no centralized leadership (unlike ETH, which can essentially be "selfishly" be changed to the benefit of those with larger stakes - which of course was the whole problem with fiat currencies BTC was designed to defend against, where some small minority in the financial system are advantaged over many others). Proof of stake on the other hand, is a perversion of the fundamental concept of a decentralized currency. All are not equal under ETH, On the other hand, all stakeholders in the BTC ecosystem are incentivized to ensure that any upgrades to the network are backward-compatible and its ultimately up to the community as a whole to approve of any so called "consensus changes" (the taproot upgrade being one such example). And any change to the BTC code inures the benefit of all Bitcoin holders in a proportionate and equal manner.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on January 28, 2023, 03:29:12 AM
Quote from: Flexacon on January 25, 2023, 09:26:39 PM
Miners, even the least efficient ones are all in profit at around $22.5k. If contagion has unwound to the point of no more forced selling then this price can hopefully be defended. Miners finally get some much needed breathing room. Feels like a good time to take a small amount of risk there. Will keep adding to my position.

I think Bulls and Bears will both end up getting flattened.

Bears get wiped out by fatigue, mini rallies and a side ways market that does nothing. A pivot is eventually announced, bulls jump in and go long with everything they've got and that's when the market crashes. Everyone feels the pain. Bears miss the crash as they have already tapped out and bulls went in too early.

Hopefully crypto FOMO doesn't get me and I'll be there waiting in cash to take advantage.

When the squeezes come, they come hard (no homo)

That first jump was on the earnings report. The next day it went up another 11%. You don’t see that often. Typically, the stock goes flat after a big earnings jump.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on January 28, 2023, 04:55:26 AM
The Tesla stock special. Heavily traded and considered cult like by some.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on January 28, 2023, 05:02:37 AM
Quote from: FitnessFrenzy on January 28, 2023, 04:55:26 AM
The Tesla stock special. Heavily traded and considered cult like by some.

Here’s what happens when you pan out. Down 50% from the 1 year high:

From a dollars traded standpoint, IMO, the most manipulated stock of all time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on January 28, 2023, 11:08:57 PM
Quote from: obsidian on January 26, 2023, 03:57:47 AM
You claim Ethereum developers tried to build too much functionality in the layer 1 network which resulted in layer 2 solutions and at the same time you tout the layer 2 lightning network of Bitcoin - lmao! That's the same thing then. How is it any different?

And exactly how is Ethereum a long con? Why don't you go into more detail?

I see a major structural problem in Bitcoin's future. Why would miners stay to secure the Bitcoin network after most BTC has been mined? Yeah, I know that could be decades from now. Some say 2050 and others past 2100. However, the amount of BTC left to miners will steadily decrease. At some point, it will impact how many miners stick around to secure the network.

Ethereum has proven completely centrlalized now. By building smart contracts into the base layer you  have to expand the amount of space and the amount of space that you have. To expand means as the network expands the only nodes that can verify the network have to run so high super compute and that you couldn't actually have small nodes around the network, so you have to centralize what the most important nodes. So you can have as many horse shit rollups as you want, doesnt change the fact ethereum sacraficed decentrilization at the base layer.
Why would you use a high cost blockchain, what economic rationale? Because you think it's going to make you more money . It's the same model as as we have in the fiat system it's exactly the same model that the rich get richer. The richer inside that system and they have to centralize more and more and as they centralize more and more they have to cut off certain things from other people you have to protect the core.
That centralization always produces inferior results over the long term (long con). In the short term people think oh wow this is growing and they don't actually understand a network effect that get co-opted by money.
Money dies when centralized and because we never had a system that was decentralized and secure at the base we always relied on system that we trusted who was in power.

Perfect example base layer or TCP was invented in the late 60s by DARPA and if the base layer failed everything fails we still use that that system today at the base.
The base layer has to be hardened it has to be attacked it has to be all of these things. The base layer of Bitcoin is hardening over time and all of these attacks crystallized it's uncompromising ability on bitcoin.
People talk about Bitcoin Maxis, its is their conviction being uncompromised on five to seven transactions we will not let block size expand because it ruins the decentralization security and to try to change that it's impossible because there's a swarm of all these nodes that would never accept a change . There was the the whole 'block wars' over this few years back.
For a long time that creates an attack vector for all of these other shitcoins to say it's old tech .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 29, 2023, 02:33:49 AM
Quote from: Thin Lizzy on January 28, 2023, 03:29:12 AM
When the squeezes come, they come hard (no homo)

That first jump was on the earnings report. The next day it went up another 11%. You don’t see that often. Typically, the stock goes flat after a big earnings jump.

Probably shorts closing out.

Quote from: FitnessFrenzy on January 28, 2023, 04:55:26 AM
The Tesla stock special. Heavily traded and considered cult like by some.

Yeah it's not that unusual for Tesla in this bear market. This is the 3rd 50% plus bounce.

Surely everything is setting up for a monster bull trap  ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on January 29, 2023, 06:26:02 AM
I haven't read this thread in ages and won't be going back to read dozens of pages that are irrelevant to the market now.

So can someone post the TL;DR info.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: The Scott on January 29, 2023, 06:46:41 AM
Quote from: LurkerNoMore on January 29, 2023, 06:26:02 AM
I haven't read this thread in ages and won't be going back to read dozens of pages that are irrelevant to the market now.

So can someone post the TL;DR info.

Allow me, waif. 

Fuck Off And Die.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on January 29, 2023, 06:56:00 AM
Quote from: The Scott on January 29, 2023, 06:46:41 AM
Allow me, waif. 

Fuck Off And Die.

Kind of early in the morning to be so full of self loathing and depression.  Is your Depends wet again?

It's hilarious how you wish for the death of so many people and yet are you basically in the ground at this point.  We will all outlive you as you seem to be on a day to day basis.  Much to the chagrin of your family who can't wait for you to finally pass so they can be free of your daily burden.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 29, 2023, 06:03:06 PM
Quote from: LurkerNoMore on January 29, 2023, 06:26:02 AM
I haven't read this thread in ages and won't be going back to read dozens of pages that are irrelevant to the market now.

So can someone post the TL;DR info.

Much of what was posted is relevant, as it basically tracks the journey of Mr Anabolic from denial of Bitcoin as a legitimate asset, to ultimate self acceptance and self-owning. We have documented something here, which will form the basis of studies by future academics (both psychologists and economists).

Everyone goes through their own journey of understanding Bitcoin - its just that Mr Anabolic's journey to self acceptance was very public, and visibly painful as he grappled with fundamental beliefs. So it is worth reading the threat from beginning to end, both to understand all the many questions people ask when trying to understand Bitcoin, as well as from a psychological perspective in the personal study of a man who had his mental foundations challenged to the core.

The TLDR is that Mr Anabolic thought Bitcoin was "vaporware" and felt threated by an algorithm based on mathematics and physics, which he could not quite understand. He exemplified the metaphorical old man who kept shaking his walking stick at storm clouds (which of course did nothing to stop the rain).

By the way, this thread started when BTC was around $3500, although some genius GetBiggers bought in way before that, Vince G, CSN MFT being one such example of a visionary early adopter (even if only perhaps done to enable on-line payment to access gay porn sites).

We may now be heading into our 3rd GetBig Bitcoin bull cycle since this thread started. The first went all the way to 20,000 (Mr Anabolic become more and more enraged each day a new high was hit). The second cycle went all the way past 60K, (at which time, Mr A (totally defeated) stopped posting and retreated in shame).

Now we are on the cusp of the Bitcoin next bull cycle, quite possibly heading to a 180,000K peak in late 2025 / early 2026.

 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Andy Griffin on January 30, 2023, 02:47:57 AM
Quote from: gib on January 29, 2023, 06:03:06 PM
Much of what was posted is relevant, as it basically tracks the journey of Mr Anabolic from denial of Bitcoin as a legitimate asset, to ultimate self acceptance and self-owning. We have documented something here, which will form the basis of studies by future academics (both psychologists and economists).

Everyone goes through their own journey of understanding Bitcoin - its just that Mr Anabolic's journey to self acceptance was very public, and visibly painful as he grappled with fundamental beliefs. So it is worth reading the threat from beginning to end, both to understand all the many questions people ask when trying to understand Bitcoin, as well as from a psychological perspective in the personal study of a man who had his mental foundations challenged to the core.

The TLDR is that Mr Anabolic thought Bitcoin was "vaporware" and felt threated by an algorithm based on mathematics and physics, which he could not quite understand. He exemplified the metaphorical old man who kept shaking his walking stick at storm clouds (which of course did nothing to stop the rain).

By the way, this thread started when BTC was around $3500, although some genius GetBiggers bought in way before that, Vince G, CSN MFT being one such example of a visionary early adopter (even if only perhaps done to enable on-line payment to access gay porn sites).

We may now be heading into our 3rd GetBig Bitcoin bull cycle since this thread started. The first went all the way to 20,000 (Mr Anabolic become more and more enraged each day a new high was hit). The second cycle went all the way past 60K, (at which time, Mr A (totally defeated) stopped posting and retreated in shame).

Now we are on the cusp of the Bitcoin next bull cycle, quite possibly heading to a 180,000K peak in late 2025 / early 2026.

Fake ass "currency" which is perfect for what is becoming a fake ass clown world.  Even worse than that clown kvnt Judi with her magic gas pills. 🙄
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: GymnJuice on January 30, 2023, 03:32:28 AM
Quote from: gib on January 29, 2023, 06:03:06 PM
Much of what was posted is relevant, as it basically tracks the journey of Mr Anabolic from denial of Bitcoin as a legitimate asset, to ultimate self acceptance and self-owning. We have documented something here, which will form the basis of studies by future academics (both psychologists and economists).

Everyone goes through their own journey of understanding Bitcoin - its just that Mr Anabolic's journey to self acceptance was very public, and visibly painful as he grappled with fundamental beliefs. So it is worth reading the threat from beginning to end, both to understand all the many questions people ask when trying to understand Bitcoin, as well as from a psychological perspective in the personal study of a man who had his mental foundations challenged to the core.

The TLDR is that Mr Anabolic thought Bitcoin was "vaporware" and felt threated by an algorithm based on mathematics and physics, which he could not quite understand. He exemplified the metaphorical old man who kept shaking his walking stick at storm clouds (which of course did nothing to stop the rain).

By the way, this thread started when BTC was around $3500, although some genius GetBiggers bought in way before that, Vince G, CSN MFT being one such example of a visionary early adopter (even if only perhaps done to enable on-line payment to access gay porn sites).

We may now be heading into our 3rd GetBig Bitcoin bull cycle since this thread started. The first went all the way to 20,000 (Mr Anabolic become more and more enraged each day a new high was hit). The second cycle went all the way past 60K, (at which time, Mr A (totally defeated) stopped posting and retreated in shame).

Now we are on the cusp of the Bitcoin next bull cycle, quite possibly heading to a 180,000K peak in late 2025 / early 2026.

Do you see a point where someone can walk into a store and pay for groceries with bitcoins?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 30, 2023, 04:46:41 AM
I do it every day. Many people do. I use a credit card which instantly converts Sats to fait.

Mainly just for fun for my coffee or drinks in the evening, but basically you want to be saving in BTC and spending in fiat.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on January 30, 2023, 06:56:40 AM
Quote from: Flexacon on January 29, 2023, 02:33:49 AM
Probably shorts closing out.



Another short squeeze:

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 30, 2023, 01:24:59 PM
Quote from: LurkerNoMore on January 29, 2023, 06:26:02 AM
I haven't read this thread in ages and won't be going back to read dozens of pages that are irrelevant to the market now.

So can someone post the TL;DR info.


we might might get a nice YOLO 100x ya Mum type of rally because average Joe is now a CPI expert, inflationary cycle expert, historian and can read the Fed’s thoughts and front run them correctly without error.

The market will rally against a declining money supply which tells you it will end in tears.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 30, 2023, 08:44:31 PM
Bitcoins core developers went full retard this week.

This kinda thing is the reason why Bitcoins utility went backwards and why Ethereum even came to exist in the first place.

(https://pbs.twimg.com/media/FnvTj-7XgAEV4ue?format=png&name=small)(https://pbs.twimg.com/media/FnwcU6oXwAIAoWh?format=jpg&name=small)

This type of hypocrisy is one of the reasons why developers in the space avoid bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 30, 2023, 10:29:33 PM
I don't see any issue here. The blockchain allows notes up to a certain size to be stored in a block, so you could store a link to an image. No big deal.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on January 31, 2023, 06:25:21 AM
Quote from: gib on January 30, 2023, 10:29:33 PM
I don't see any issue here. The blockchain allows notes up to a certain size to be stored in a block, so you could store a link to an image. No big deal.

Shame on them for having technical  debates bringing forth competing ideas on a decentralized  blockchain.

Unlike the Eth community :

dev 1 : How we going to extract more  money out of this space this year?

dev 2: I know let's do decentralised finance on a centralised blockchain, we will call it DeFI

Dev 3 : That's amazing, the 1% can get richer with inside knowledge while 99% get their faces melted off.

You know what you'll never hear from the shitcoin community gib? Is how their coin is going to give hope, freedom and abundance to 8billion people.

It's always my coin will do 3x more than  btc, therefore we are better.

Solana crowd was amazing, shutdown their blockchain 3 times and their attitude.....Sol dropped, we can get it at cheaper prices ready for the next run up. This was a supposed Eth killer.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 31, 2023, 07:37:56 AM
Quote from: Theoak* on January 31, 2023, 06:25:21 AM
Shame on them for having technical  debates bringing forth competing ideas on a decentralized  blockchain.

Unlike the Eth community :

dev 1 : How we going to extract more  money out of this space this year?

dev 2: I know let's do decentralised finance on a centralised blockchain, we will call it DeFI

Dev 3 : That's amazing, the 1% can get richer with inside knowledge while 99% get their faces melted off.

You know what you'll never hear from the shitcoin community gib? Is how their coin is going to give hope, freedom and abundance to 8billion people.

It's always my coin will do 3x more than  btc, therefore we are better.

Solana crowd was amazing, shutdown their blockchain 3 times and their attitude.....Sol dropped, we can get it at cheaper prices ready for the next run up. This was a supposed Eth killer.

Bitcoin core developers encouraging censorship and trying to gatekeep isn't just "technical debate". That kinda thing goes fundamentally against decentralization and bitcoin.

You don't seem to have a problem with this and your go to defence is to attack the ETH community and shitcoins when they have nothing to do with it. It's time to take the maxi blinkers off for a minute and call this kinda thing out.

Long term Bitcoin has a problem, if the price doesn't keep doubling every 4 years then then the security model breaks. It needs development to make sure the network can still remain secure even if the price doesn't double. It needs more than just the lighting network (which in its current state isn't fit purpose) Core developers gatekeeping just pushes away the people who can help achieve that, just like it did back in 2014/15.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 31, 2023, 06:45:22 PM
One person expressing his views about what data is stored in the blocks, or indeed discussing/proposing any other technical feature or concern is not something negative. Indeed Bitcoin has been improved and strengthened over time through such debate, and discussion.

As for the incentive to mine, that has been discussed many times. Its a virtuous cycle, where everyone will continue to act in self interest, which in turn benefits the network.

None of this FUD warrants the support of a "superior shitcoin".
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 31, 2023, 08:43:39 PM
Quote from: gib on January 31, 2023, 06:45:22 PM
One person expressing his views about what data is stored in the blocks, or indeed discussing/proposing any other technical feature or concern is not something negative. Indeed Bitcoin has been improved and strengthened over time through such debate, and discussion.

As for the incentive to mine, that has been discussed many times. Its a virtuous cycle, where everyone will continue to act in self interest, which in turn benefits the network.

None of this FUD warrants the support of a "superior shitcoin".

Returns on bitcoin have been diminishing. That's not FUD, that's fact.

A more secure (future proof) network creates more investor confidence/strong hands and brings in more investors. How would collecting more fees and developing other fee collecting streams that would further help secure the bitcoin network not be in the self interest of BTC holders?

I see the current core developers as the biggest obstacle to doing that. And yes it's a huge negative having close minded core developers. Do you think other developers looking to do something in the space want to work with hostile close minded core team? No, they'd prefer to work in an environment that offers more freedom and collaboration.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Agnostic007 on January 31, 2023, 10:45:35 PM
wait for march
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on February 01, 2023, 07:41:19 AM
Quote from: Agnostic007 on January 31, 2023, 10:45:35 PM
wait for march

Oh, I can't wait. There's so much potentially dropping come March.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 01, 2023, 07:46:57 AM
Quote from: OneMoreRep on February 01, 2023, 07:41:19 AM
Oh, I can't wait. There's so much potentially dropping come March.

"1"

Spill da beanz!

Give us some not financial advice financial advice.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on February 01, 2023, 08:04:28 AM
Quote from: Flexacon on February 01, 2023, 07:46:57 AM
Spill da beanz!

Give us some not financial advice financial advice.

I'm curious to see what movements the Federal Reserve takes towards further unveiling their FedNow service, which could/would then evolve into the Central Bank Digital Currency that the US seems to be very clearly moving towards.

I'm curious to see whether the Ripple VS SEC trial comes to an end. Not because I think $XRP will go to $589 or $10,000 per coin (or some other retarded notion like that), but more because if the SEC does win, it will effect the entire crypto market in a potentially adverse fashion. Their oversight and control could become a big problem for ALL cryptos, maybe with the exception of Bitcoin.

There is talks about Brazil and Argentina spearheading a common currency issuance project and by March we might know more.

There is talks about Russian and Iran developing a gold back stablecoin to facilitate trade, given the recent drone strikes by Israel in Iran, would like to see what happens as these events could lead to escalation.

Lastly, I wonder how far Putin will allow for the USA to continue sending Ukraine everything short of actual boots on the ground to continue this proxy war. You corner a rabid animal into a corner and sooner or later they will unleash their nuclear arsenal to make a stand. I don't want that in the slightest bit, but it almost seems inevitable at the rate we are going and if a WW3 scenario becomes a reality, our economy will completely tank and we will experience a devastating crash.

None of this can be used for financial advice, as it's all very speculative, but it keeps me excited about the prospect of some things, worried about others.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 01, 2023, 08:52:50 AM
Quote from: OneMoreRep on February 01, 2023, 08:04:28 AM
I'm curious to see what movements the Federal Reserve takes towards further unveiling their FedNow service, which could/would then evolve into the Central Bank Digital Currency that the US seems to be very clearly moving towards.


There is talks about Brazil and Argentina spearheading a common currency issuance project and by March we might know more.

There is talks about Russian and Iran developing a gold back stablecoin to facilitate trade, given the recent drone strikes by Israel in Iran, would like to see what happens as these events could lead to escalation.

Lastly, I wonder how far Putin will allow for the USA to continue sending Ukraine everything short of actual boots on the ground to continue this proxy war. You corner a rabid animal into a corner and sooner or later they will unleash their nuclear arsenal to make a stand. I don't want that in the slightest bit, but it almost seems inevitable at the rate we are going and if a WW3 scenario becomes a reality, our economy will completely tank and we will experience a devastating crash.

"1"

Full pivot to CBDC (backed by the US war machine) when the dollar eventually collapses seems to be a popular theory. Would explain a lot of the above.

Quote from: OneMoreRep on February 01, 2023, 08:04:28 AM
I'm curious to see whether the Ripple VS SEC trial comes to an end. Not because I think $XRP will go to $589 or $10,000 per coin (or some other retarded notion like that), but more because if the SEC does win, it will effect the entire crypto market in a potentially adverse fashion. Their oversight and control could become a big problem for ALL cryptos, maybe with the exception of Bitcoin.

"1"


I don't think Ripple will win. Ripple own all XRP so anyone buying XRP is buying direct from Ripple. That's seems to be the reasoning the SEC going after them and not all the other ALTS. There is also precedent where an ALT was fined by the SEC and then it continued trading as a security. Most of the major ALTS are now racing towards trying to becoming more decentralized. To me it looks like they'll be hit with a SEC fine for their ICOs, but won't be treated as a security if there's some decentralization.

UK proposed regulatory guidelines today btw. Basically they'll regulate exchanges but leave it up to exchanges to list and offer coins. Exchanges will be responsible for making customers whole if they offer pump and dump coins.

https://www.bbc.co.uk/news/technology-64468617

99% of the alts coins might get wiped out, but that might not be a bad thing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on February 01, 2023, 10:40:06 AM
Quote from: Flexacon on February 01, 2023, 08:52:50 AM
Full pivot to CBDC (backed by the US war machine) when the dollar eventually collapses seems to be a popular theory. Would explain a lot of the above.

I feel strongly that this will happen given all the talks at a worldwide level of full transitioning to CBDCs. Moreover, the Federal Reserve will be releasing their FedNow service soon, which is believed to be the precursor to the US CBDC.

Quote from: Flexacon on February 01, 2023, 08:52:50 AM
I don't think Ripple will win. Ripple own all XRP so anyone buying XRP is buying direct from Ripple. That's seems to be the reasoning the SEC going after them and not all the other ALTS. There is also precedent where an ALT was fined by the SEC and then it continued trading as a security. Most of the major ALTS are now racing towards trying to becoming more decentralized. To me it looks like they'll be hit with a SEC fine for their ICOs, but won't be treated as a security if there's some decentralization.

I honestly have no clue how the lawsuit will end. I do know that the SEC lawyers are pretty pathetic by way of their pedigree and the Ripple lawyers are some of the best I've ever seen. That said, it's a hard battle to fight when going against the SEC, as I feel as if the system is meant to work for the better outcome in the SEC's advantage. All talks from legal "experts" suggest that the judge might provide a decision/verdict some time in March.

Quote from: Flexacon on February 01, 2023, 08:52:50 AM
UK proposed regulatory guidelines today btw. Basically they'll regulate exchanges but leave it up to exchanges to list and offer coins. Exchanges will be responsible for making customers whole if they offer pump and dump coins.

https://www.bbc.co.uk/news/technology-64468617

99% of the alts coins might get wiped out, but that might not be a bad thing.

I think proposed regulatory guidelines are good for the industry. It's been the wild west for a while and it's just not safe enough (considering all these fly-by-night exchange scams and shitcoins that are merely pump and dump schemes). Short of Bitcoin, I don't know many coins that are safe investments. I have a few that I have added to my portfolio that are promising by way of utility, but it's a hard shot in the dark to try to figure out what might be the best options. I also agree that if 99% of coins get wiped out it might not be a bad thing. Too many of these coins tends to muddy the water in my opinion. We don't need so many similar coins being around.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 01, 2023, 03:19:46 PM
Quote from: gib on January 27, 2023, 11:39:58 PM
That article mis-describes what a mining pool actually is. You need to be careful not to confuse or obfuscate concepts without thinking it though a little deeper.

A mining pool consists of a large number of individual miners, who mine independently, but combine to share blocks when discovered (giving more consistent and predicable flow of income). This does not mean an entire pool could be coerced into a 51% attack. Indeed it would be virtually impossible given how many miners are in a typical pool of miners, and secondly because there would be no financial incentive to do so (indeed quite contrary to any financial incentive) to do so any individual miner. This is part of the beauty of the proof of work model. Every aspect of the ecosystem is incentivized through self interest, to benefit the strength of the network. So yes, a pool itself is "centralized" to the extent the share block rewards, but they consist of thousands of decentralized miners who act independently and in self interest. So, what you need to do is look at the power of each individual miner, and then bare in mind that new minders as constantly coming along, either to mine alone, or joining a pool. Think of a pool really simply as shared payments.

I'll give you a simple example. Lets say we have 9000 orange growers in the US. 4000 of those decide to join an producers collective - ie they all sell to a single aggregator who in turn gives a guaranteed price and is a consistent buyer. Does that mean that if the aggregator tried to order all 4000 producers to destroy their crops, that each independent grower would do that? Of course not. Why? Well because even though the "pool" is a centralized entity, it consists of many decentralized players. Indeed any smart individual grower would immediately would know that their oranges immediately become more valuable if others were to disappear. Classic economic game theory.

Mining pools actually incentivize more miners to enter the mining business, as they can get a consistent and immediate return on capital, and then grow without large outlay, due to the predicable and immediate shared income. As a result, they are a positive force to the strength on the network.

The second (and 3rd layer) technologies are built on top of Bitcoin, not into Bitcoin itself (but yes, it is correct that Bitcoin can be modified to be optimized for such 2nd layer solutions). This is core to the ethos and tenants of BTC. BTC, as open source code can be modified (and indeed is regularly tweaked). This is indeed because bitcoin is decentralized - it has no centralized leadership (unlike ETH, which can essentially be "selfishly" be changed to the benefit of those with larger stakes - which of course was the whole problem with fiat currencies BTC was designed to defend against, where some small minority in the financial system are advantaged over many others). Proof of stake on the other hand, is a perversion of the fundamental concept of a decentralized currency. All are not equal under ETH, On the other hand, all stakeholders in the BTC ecosystem are incentivized to ensure that any upgrades to the network are backward-compatible and its ultimately up to the community as a whole to approve of any so called "consensus changes" (the taproot upgrade being one such example). And any change to the BTC code inures the benefit of all Bitcoin holders in a proportionate and equal manner.
I mined for years on various mining pools. When you mine to a pool you are using their servers to discover blocks along with everyone else on that pool. A mining pool can be a single point of failure. If the mining pool's servers are taken offline then all the machines that were mining on that pool will be offline. I've seen this happen personally. The rigs will be mining happily and all of a sudden stop due to errors connecting to the pool. The rigs will then idle and temperatures will drop fast. Those rigs are then offline to the mining pool, even though they have a functional internet connection.

So attacking the pool or removing their electrical power could effectively remove 25% of the hash rate from the Bitcoin network. If the mining pool is dishonest then all rigs that are on the pool will be dishonest, even if it was not their intent. Sure, why would they want to do that? The pool will destroy their reputation. And they would be wasting their electrical consumption along with everyone else that unwittingly mined on the pool. But what if a terrorist blows up their warehouses where the servers are located? I know most pools will have servers on multiple continents. But it could be possible for an attack on more than one continent.

Ethereum validators also don't have an incentive to be dishonest. A dishonest ETH validator will actually lose their ETH holdings. Potentially 32 ETH per validator. That's a much more severe penalty compared to just wasting electrical power to attack a network. And there are tens of thousands or even hundreds of thousands of people watching the Ethereum network 24/7. If any dishonest validators exist they will be rooted out fast. The changes could be rolled back if they ever succeeded with an attack. So why would anyone risk attacking the ETH network if there's no real reward for doing that but an expensive penalty?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 02, 2023, 02:42:34 AM
Quote from: gib on January 31, 2023, 06:45:22 PM
One person expressing his views about what data is stored in the blocks, or indeed discussing/proposing any other technical feature or concern is not something negative. Indeed Bitcoin has been improved and strengthened over time through such debate, and discussion.

As for the incentive to mine, that has been discussed many times. Its a virtuous cycle, where everyone will continue to act in self interest, which in turn benefits the network.

None of this FUD warrants the support of a "superior shitcoin".

Well it seems one of the Bitcoin core developers is going down the censorship route. Looks like you might have been supporting the "superior shitcoin" all along.

(https://media.tenor.com/sttF8xY21_QAAAAM/goodfellas-henry-hill.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 02, 2023, 06:57:49 AM
Flex - you are obviously quite intelligent, and think more about the technical side of Bitcoin than most people, which is a good thing. However, I think you are either prone to mis-interpreting risks, or may just trolling (or maybe a bit of both?). I would write a longer reply, but can I suggest you take a view of this (and actually anyone interested in this topic).

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 02, 2023, 10:10:51 AM
Quote from: OneMoreRep on February 01, 2023, 07:41:19 AM
Oh, I can't wait. There's so much potentially dropping come March.

"1"

Market is broken so an event is a convenient coincidence for timing to dump. It’s not March you need to watch for, it’s April.

December 2021 S&P 4,800
Fed funds rate 0.08
Peak of loose policy cycle

January 2023 S&P 4,180
Fed Funds rate 4.75%
Continuing tightening policy cycle
Money supply starting a decline YoY

Market is YOLOing after a predicted 0.25% rise. March will be 0.25% and April 0%.

Assume the same behaviour continues at each meeting. April becomes the key because it’s the first time the Fed will pause in over a year.

If this is a disbelief rally it stays afloat because the shorts keep getting wiped out which only adds fuel to the fire. I saw so many repeat ‘easy short BTC at 23k down to 20k’  on high leverage they all got stopped and price tapped 24k.

If my thoughts are true then we have run way up to May for a rally of the spastics. It’s inevitable this blows up and no doubt some scapegoat excuse will be given rather than acknowledge it was a last exit liquidity attempt.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 02, 2023, 10:14:12 AM
Just to add more reason I say a ‘rally of spastics’ is so many had PUTS on the market because the VIX was looking for rotation. Market might very well stop them all out, no doubt many already have been.

What’s the saying? The market can stay irrational longer than you can stay solvent.

The market is trying to front run the front run. April will be shit data, no rate hike, markets will go apeshit upwards. QE won’t start from ATH so there is zero chance this front Run of the front run will work. Gunna end in tears.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 02, 2023, 11:10:24 AM
Quote from: gib on February 02, 2023, 06:57:49 AM
Flex - you are obviously quite intelligent, and think more about the technical side of Bitcoin than most people, which is a goo thing. However, I think you are either prone to mis-interpreting risks, or may just trolling (or maybe a bit of both?). I wouid write a longer reply, but can I suggest you take a view of this (and actually anyone interested in this topic).


I was mostly trolling, but also making a point about the hypocrisy of core developers and some maxis. A few years back the same developers made a big song and dance over Vitalik taking steps to reduce "spam" on Ethereum. Now one of them is trying to do the same on Bitcoin.

I did watch the video and I pretty much came to some of the same conclusions a couple of days ago

Quote from: Flexacon on January 31, 2023, 08:43:39 PM
Returns on bitcoin have been diminishing. That's not FUD, that's fact.

A more secure (future proof) network creates more investor confidence/strong hands and brings in more investors. How would collecting more fees and developing other fee collecting streams that would further help secure the bitcoin network not be in the self interest of BTC holders?

I see the current core developers as the biggest obstacle to doing that. And yes it's a huge negative having close minded core developers. Do you think other developers looking to do something in the space want to work with hostile close minded core team? No, they'd prefer to work in an environment that offers more freedom and collaboration.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 02, 2023, 11:28:24 AM
Quote from: Mayday on February 02, 2023, 10:14:12 AM
Just to add more reason I say a ‘rally is spastics’ is so many had PUTS on the market because the VIX was looking for rotation. Market might very well stop them all out, no doubt many already have been.

What’s the saying? The market can stay irrational longer than you can stay solvent.

The market is trying to front run the front run. April will be shit data, no rate hike, markets will go apeshit upwards. QE won’t start from ATH so there is zero chance this front Run of the front run will work. Gunna end in tears.

I'm in the same camp. The rally will trap bulls and then those sitting in cash who deploy too early.

Q4 earnings for FAANG will look bullish because they've been cooked and it will continue the pump. (We'll find out soon)

Q1 earnings will be different though and that's when longs will start feeling the pain. Don't think we'll see QE though. No need with that $2trillion sitting in RR.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on February 02, 2023, 12:15:01 PM
Quote from: Mayday on February 02, 2023, 10:14:12 AM
Just to add more reason I say a ‘rally is spastics’ is so many had PUTS on the market because the VIX was looking for rotation. Market might very well stop them all out, no doubt many already have been.

What’s the saying? The market can stay irrational longer than you can stay solvent.

The market is trying to front run the front run. April will be shit data, no rate hike, markets will go apeshit upwards. QE won’t start from ATH so there is zero chance this front Run of the front run will work. Gunna end in tears.

I concur and can see this playing out. Doubt QE will commence once more, but that's me assuming the FED won't be able to justify using gasoline to put out the inflationary fire. We shall see what direction these cowboys take.

Also, still think some Swan event could occur that sets forth a global financial crisis/reset with resultant new global financial system. Possible Swan events include: New pandemic with super virulent strain that is devastating to people in a way that makes COVID-19 pale in comparison VS full out world war 3 due to continued poking of the Russian bear with allies on both sides getting involved.

Again, we shall see. It does suck to be in this holding pattern.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on February 02, 2023, 02:01:29 PM
Quote from: Mayday on January 16, 2023, 03:13:28 AM
Hi mate, hope all is well :) crazy times huh!

Gib is a nice guy, well behaved and polite. Have to give guys like that respect.

if we see S&P close to 4,100 then nuke sub 3,500 (maybe 3,200) I’m going gigga long lines of credit just like I did in 2020. my own data tracking is showing we are playing out at twice the speed of history.   I’m assuming we nuke lower but let’s see.

February 2, 2023 4:42 PM EST

"S&P 500 (.SPX) gained 60.55 points, or 1.47%, to 4,179.76"

https://www.reuters.com/markets/us/nasdaq-futures-jump-more-than-1-meta-surge-fed-relief-2023-02-02/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 02, 2023, 08:03:34 PM
Quote from: OneMoreRep on February 02, 2023, 12:15:01 PM
I concur and can see this playing out. Doubt QE will commence once more, but that's me assuming the FED won't be able to justify using gasoline to put out the inflationary fire. We shall see what direction these cowboys take.

Also, still think some Swan event could occur that sets forth a global financial crisis/reset with resultant new global financial system. Possible Swan events include: New pandemic with super virulent strain that is devastating to people in a way that makes COVID-19 pale in comparison VS full out world war 3 due to continued poking of the Russian bear with allies on both sides getting involved.

Again, we shall see. It does suck to be in this holding pattern.

"1"

It’s a major inflationary Cycle reset so it goes harder for longer.

US media house 1940 $2,938
uS median house 1950 $7,354 / 256%

US median house 1970 $17,000
US median house 1980 $47,200 / 278%

US median house pre pandemic $258,000
US media house 2022 $398,000 / 154% —> when in your life have you ever seen this speed before? 

Property is the largest market on the planet, its bailout is the monetisation of debt which is why it goes up. US median property to 697k will utterly wreck people.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Agnostic007 on February 03, 2023, 10:08:18 PM
I bought Tesla at at $112.. Should I sell or hold
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on February 04, 2023, 03:57:22 AM
the '' sky is falling ''  narrative still going strong in this thread . . .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 04, 2023, 12:34:42 PM
Quote from: Agnostic007 on February 03, 2023, 10:08:18 PM
I bought Tesla at at $112.. Should I sell or hold

My general rule of thumb is:

1) buy the dip
2) hold for too long
3) ride it to new lows
4) take profit

Have we seen a Tesla back at $48 yet? No. Therefore hold and ride the back of the wave.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: blackpele on February 04, 2023, 02:50:57 PM
Quote from: Flexacon on January 31, 2023, 07:37:56 AM
Bitcoin core developers encouraging censorship and trying to gatekeep isn't just "technical debate". That kinda thing goes fundamentally against decentralization and bitcoin.

You don't seem to have a problem with this and your go to defence is to attack the ETH community and shitcoins when they have nothing to do with it. It's time to take the maxi blinkers off for a minute and call this kinda thing out.

Long term Bitcoin has a problem, if the price doesn't keep doubling every 4 years then then the security model breaks. It needs development to make sure the network can still remain secure even if the price doesn't double. It needs more than just the lighting network (which in its current state isn't fit purpose) Core developers gatekeeping just pushes away the people who can help achieve that, just like it did back in 2014/15.

Flexacon please explain why the doubling of price is necessary for the security of the bitcoin network and when do you think this fault in the code will hit the network hard ?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 04, 2023, 05:49:43 PM
Quote from: blackpele on February 04, 2023, 02:50:57 PM
Flexacon please explain why the doubling of price is necessary for the security of the bitcoin network and when do you think this fault in the code will hit the network hard ?

The halving cuts miner rewards (BTC) in half approximately every 4 years, so for miners to remain profitable and to maintain current network security the price of BTC needs to double as the rewards half. Without this bitcoin could eventually come under a 51% attack

Miners also earn transaction fees. More people using bitcoin (and it's higher price) means more fees are collected. Eventually this will exceed miner rewards and bitcoin will reach a steady state without the need for the price to double. This is looking like being at some point around 2032.

So from now until 2032 bitcoin needs to double in price every 4 years. Then it needs to move to a steady state collecting transaction fees.

The price isn't guaranteed to double every 4 years and the fee model for bitcoin as it stands isn't fit for purpose. All this would leave bitcoin vulnerable to attack.

This of course is just my basic interpretation of where things stand. An even more basic interpretation is that bitcoin needs a consistent supply of new money coming otherwise it dies.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: blackpele on February 04, 2023, 11:40:06 PM
Quote from: Flexacon on February 04, 2023, 05:49:43 PM
The halving cuts miner rewards (BTC) in half approximately every 4 years, so for miners to remain profitable and to maintain current network security the price of BTC needs to double as the rewards half. Without this bitcoin could eventually come under a 51% attack

Miners also earn transaction fees. More people using bitcoin (and it's higher price) means more fees are collected. Eventually this will exceed miner rewards and bitcoin will reach a steady state without the need for the price to double. This is looking like being at some point around 2032.

So from now until 2032 bitcoin needs to double in price every 4 years. Then it needs to move to a steady state collecting transaction fees.

The price isn't guaranteed to double every 4 years and the fee model for bitcoin as it stands isn't fit for purpose. All this would leave bitcoin vulnerable to attack.

This of course is just my basic interpretation of where things stand. An even more basic interpretation is that bitcoin needs a consistent supply of new money coming otherwise it dies.

Thanks for the answer Flexacon, in 15 lines you provided more value than all these youtube channels with million of subscribers, telling us that the bitcoin price will eventually reach a million $ per coin in the next decade....lol
By the way what do you think about Ethereum, I am watching the tokenomics (6-7% yield & reduction in issuance) after the merge and they look great, however I am a bit worried about the SEC declaring it as a security and to be honest right now under the Howey test the current form of the network looks a lot closer to a security than a digital commodity.
 I remember an ETH whale named "Tetranode" in the "Up only" youtube channel, saying that ETH price will eventually reach 100k$ by 2030 but it seems to me as ludicrous as the million$ price prediction of BTC, I think both coins have yet to win the battle of going to zero, what do you think.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 05, 2023, 08:10:40 AM
We are looking at a likely range of 180K - 240K end of 2025.

All the massive funds, bankers, HNWs and centillionairs are scooping up sats on the sly in the 23-64K range. Once we start approaching ATHs, they will really turn on the PR machine, Media, annual reports, investor newsletters, CNBC,  Bloomberg, etc, and that's when taps just open and a huge volume of investor money flows into a very tight asset.

So, JP Morgan, Blackrock, Goldman Sachs, etc all stand to make a 10x return on Bitcoin, in USD, in 2ish years.

We at getbig all have a unique opportunity to turn all this BS chat into a very very profitable investment. I hope others will join me on this amazing journey ahead. We have the opportunity to front run this. Use your heads, and set yourselves up for the future.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 05, 2023, 11:42:52 AM
Gib Throwing down the gauntlet! Let’s get this party started!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 05, 2023, 10:44:15 PM
Quote from: gib on February 05, 2023, 08:10:40 AM
We are looking at a likely range of 180K - 240K end of 2025.

All the massive funds, bankers, HNWs and centillionairs are scooping up sats on the sly in the 23-64K range. Once we start approaching ATHs, they will really turn on the PR machine, Media, annual reports, investor newsletters, CNBC,  Bloomberg, etc, and that's when taps just open and a huge volume of investor money flows into a very tight asset.

So, JP Morgan, Blackrock, Goldman Sachs, etc all stand to make a 10x return on Bitcoin, in USD, in 2ish years.

We at getbig all have a unique opportunity to turn all this BS chat into a very very profitable investment. I hope others will join me on this amazing journey ahead. We have the opportunity to front run this. Use your heads, and set yourselves up for the future.

If BTC goes 10x from here that put ETH 15x at 24K.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on February 05, 2023, 10:47:18 PM
Quote from: Flexacon on January 31, 2023, 07:37:56 AM
Bitcoin core developers encouraging censorship and trying to gatekeep isn't just "technical debate". That kinda thing goes fundamentally against decentralization and bitcoin.

You don't seem to have a problem with this and your go to defence is to attack the ETH community and shitcoins when they have nothing to do with it. It's time to take the maxi blinkers off for a minute and call this kinda thing out.

Long term Bitcoin has a problem, if the price doesn't keep doubling every 4 years then then the security model breaks. It needs development to make sure the network can still remain secure even if the price doesn't double. It needs more than just the lighting network (which in its current state isn't fit purpose) Core developers gatekeeping just pushes away the people who can help achieve that, just like it did back in 2014/15.

I'm not for any censorship  of any kind  in regards to btc and I believe Adam back rolled back on his comments or atleast explained it better.

My btc blinkers will stay firmly while shitcoiners high beams blind them with the use of terminology "old tech" to promote their centralised con game. First time in human history we've manage to store wealth/money/energy and transact in a manner that's truly decentrilised and secure and after 14 years it's now being called "old tech"? I'd like to know which of these POS coins solves decentralisation and security at the base layer without compromising centralisation?
Copying the bitcoin code and extending the blocksiZe to solve scalability whilst sacrificing decentralisation is not new tech.



I don't know what the future holds for btc 10+ years from now, how can I? It's something revolutionary and never existed before, unlike these altcoins which resemble the legacy financial system. We can both agree that is broken. I bet that everything this shitcoins are doing on a centralised blockchain, eventually  bitcoin will and is developing on a decentralised  base layer, hence 99% will  go to 0.

We now know Vitalik owns 330k ETH, if he was to stake them for 25 years he would own 51% of existing ETH, giving him control over the network. Where in btc, you could own 10million btc and same rules apply to you as the guy who owns .1 btc. Fair and equal for all.

In regards to a 51% attack.

Quote from: Theoak* on May 10, 2022, 10:47:35 PM


The problem I have with POS is it represents old financial legacy systems which are broken. Top validators are rewarded and can change the rules. POW/btc represents a parallel system which every one can participate on equal terms and not fear the rules been changed half way through due to legislation or an authoritarian regime.

In regards to a physical 51% attack, I believe you would need $8billion + in equipment just to facilitate such an attack and that much hardware being purchased would not go unnoticed. Especially now since there is a shortage.  Basically a nation state would have to bank roll it. Imagine  USA spending tax payer dollars to hijack a network in which 50million+ people hodl or have held  btc. Almost certain death for that political party. I'm not saying it's impossible, but as the network grows and becomes more secure it's attack vector will  be to costly and make little to no sense.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on February 05, 2023, 11:06:13 PM
Quote from: OneMoreRep on February 01, 2023, 08:04:28 AM

There is talks about Russian and Iran developing a gold back stablecoin to facilitate trade, given the recent drone strikes by Israel in Iran, would like to see what happens as these events could lead to escalation.



"1"

99.9% chance that will never happen. Gold lost its premium after Breton Woods. How are they going to verify constantly how much gold they have  in reserves? It's not like btc where it's easily audible running your own node. Will those two countries really trust each other with verification?

If so, most of the liquidity is on the American and London markets. What's Russia going to do, sell its gold for rubles?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 05, 2023, 11:50:16 PM
Quote from: Theoak* on February 05, 2023, 10:47:18 PM
I'm not for any censorship  of any kind  in regards to btc and I believe Adam back rolled back on his comments or atleast explained it better.

My btc blinkers will stay firmly while shitcoiners high beams blind them with the use of terminology "old tech" to promote their centralised con game. First time in human history we've manage to store wealth/money/energy and transact in a manner that's truly decentrilised and secure and after 14 years it's now being called "old tech"? I'd like to know which of these POS coins solves decentralisation and security at the base layer without compromising centralisation?
Copying the bitcoin code and extending the blocksiZe to solve scalability whilst sacrificing decentralisation is not new tech.



I don't know what the future holds for btc 10+ years from now, how can I? It's something revolutionary and never existed before, unlike these altcoins which resemble the legacy financial system. We can both agree that is broken. I bet that everything this shitcoins are doing on a centralised blockchain, eventually  bitcoin will and is developing on a decentralised  base layer, hence 99% will  go to 0.

We now know Vitalik owns 330k ETH, if he was to stake them for 25 years he would own 51% of existing ETH, giving him control over the network. Where in btc, you could own 10million btc and same rules apply to you as the guy who owns .1 btc. Fair and equal for all.

In regards to a 51% attack.
Your numbers are off. If he staked all of his ETH (330,000) for 25 years @ 5% APR he would earn around 819,243 ETH. That's around 0.67% of the total current ETH supply. Hardly 51%.

Meanwhile, Michael Saylor owns around 0.67% of the current Bitcoin supply.

https://walletburst.com/tools/ethereum-staking-calculator/

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 05, 2023, 11:53:31 PM
Quote from: blackpele on February 04, 2023, 11:40:06 PM
Thanks for the answer Flexacon, in 15 lines you provided more value than all these youtube channels with million of subscribers, telling us that the bitcoin price will eventually reach a million $ per coin in the next decade....lol
By the way what do you think about Ethereum, I am watching the tokenomics (6-7% yield & reduction in issuance) after the merge and they look great, however I am a bit worried about the SEC declaring it as a security and to be honest right now under the Howey test the current form of the network looks a lot closer to a security than a digital commodity.
 I remember an ETH whale named "Tetranode" in the "Up only" youtube channel, saying that ETH price will eventually reach 100k$ by 2030 but it seems to me as ludicrous as the million$ price prediction of BTC, I think both coins have yet to win the battle of going to zero, what do you think.
Ethereum requires validators to secure the network. Each validator acts independently and can have different returns. The validator owner needs to maintain the hardware, internet connection and electrical service. In the same way that a Bitcoin miner has to maintain their mining equipment. That does not satisfy the Howey Test. Anyone that claims so does not understand the technology.

https://www.paradigm.xyz/2022/10/ethereums-new-staking-model-does-not-make-eth-a-security
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on February 06, 2023, 12:39:02 AM
Quote from: obsidian on February 05, 2023, 11:50:16 PM
Your numbers are off. If he staked all of his ETH (330,000) for 25 years @ 5% APR he would earn around 819,243 ETH. That's around 0.67% of the total current ETH supply. Hardly 51%.

Meanwhile, Michael Saylor owns around 0.67% of the current Bitcoin supply.

https://walletburst.com/tools/ethereum-staking-calculator/

Sorry you're right, I meant vitalik and the foundation. If they controlled  10% of staked Eth at 5% it would take around 33years to accumulated 51% of ETH staked.

How much was Eth premined again,, 70%?

If Michael Saylor owned 30% of the bitcoin could ge alter and block transactions or change the protocol?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on February 06, 2023, 12:53:23 AM
What is metamask:

"Launched by Aaron Davis in 2016 and headquartered in San Francisco, MetaMask is a decentralized , non-custodial Ethereum-based wallet that allows users to store, buy, send, convert, and swap crypto tokens. The wallet is available as a mobile app and browser extension on Google Chrome, Firefox, Opera, and Brave"


What is opensea:

OpenSea is a game-changing decentralized marketplace for buying and selling NFTs. If you’re wondering, NFTs stands for Non-Fungible Tokens, which are unique, collectible digital things like in-game assets, avatars, trading cards, and art.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on February 06, 2023, 01:42:52 AM
Quote from: blackpele on February 04, 2023, 11:40:06 PM
Thanks for the answer Flexacon, in 15 lines you provided more value than all these youtube channels with million of subscribers, telling us that the bitcoin price will eventually reach a million $ per coin in the next decade....lol
By the way what do you think about Ethereum, I am watching the tokenomics (6-7% yield & reduction in issuance) after the merge and they look great, however I am a bit worried about the SEC declaring it as a security and to be honest right now under the Howey test the current form of the network looks a lot closer to a security than a digital commodity.
 I remember an ETH whale named "Tetranode" in the "Up only" youtube channel, saying that ETH price will eventually reach 100k$ by 2030 but it seems to me as ludicrous as the million$ price prediction of BTC, I think both coins have yet to win the battle of going to zero, what do you think.

Yep and by then to become a validator and "secure the network" like obsidian says you will only Need $3,200,000 in Eth. Only the wealthiest can afford to participate and benefit from the Eth platform. The idea that its some kind of saviour for billions of disadvantaged people will always be bullshit.

Even if you are lucky to be a validator, does somebody get  rich if your are unable to withdraw?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 06, 2023, 03:33:04 AM
Quote from: Theoak* on February 06, 2023, 12:39:02 AM
Sorry you're right, I meant vitalik and the foundation. If they controlled  10% of staked Eth at 5% it would take around 33years to accumulated 51% of ETH staked.

How much was Eth premined again,, 70%?

If Michael Saylor owned 30% of the bitcoin could ge alter and block transactions or change the protocol?

You need to stop getting your Ethereum information through maxi only channels as it's made you horribly misinformed.

- ETH was never premined. There was an ICO,  pre launch you sent BTC and later received an ETH wallet and ETH. Then after launch you could mine ETH. Pre PoS all ETH came into existence through either mined BTC or mining ETH. The controversy is behind the Eth founders and foundation taking a percentage through the ICO, but those sending BTC for ETH knew this.

- The main reason BTC gets called old tech is because it isn't "Turing complete" and Ethereum is. Mathematically it's possible to do anything you can do on your computer on Ethereum. This hasn't really mattered in the last 14 years, but it should be obvious why this could be hugely advantageous in the future.

- Your points about Metamask and opensea are accurate, but those are products and about user choices. They are not ETH. People are free to make a choice about using them or not.

- You need 32 ETH not $3,200,000 in Eth to become a validator. That's just over $50k. Staking pools make it even cheaper. Also you don't need to worry about high energy costs and constantly upgrading mining equipment like you do with bitcoin. Running Eth validators is far simpler.

As I said, you need to take the maxi blinkers off and go look at things for yourself. And that doesn't mean you should go and buy Eth, but so you can start asking yourself why some maxi news sources are full of misleading statements and hypocrisy.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on February 06, 2023, 04:52:34 AM
Quote from: Flexacon on February 06, 2023, 03:33:04 AM
You need to stop getting your Ethereum information through maxi only channels as it's made you horribly misinformed.

- ETH was never premined. There was an ICO,  pre launch you sent BTC and later received an ETH wallet and ETH. Then after launch you could mine ETH. Pre PoS all ETH came into existence through either mining BTC or ETH. The controversy is behind the Eth founders and foundation taking a percentage through the ICO, but those sending BTC for ETH knew this.

- The main reason BTC gets called old tech is because it isn't "Turing complete" and Ethereum is. Mathematically it's possible to do anything you can do on your computer on Ethereum. This hasn't really mattered in the last 14 years, but it should be obvious why this could be hugely advantageous in the future.

- Your points about Metamask and opensea are accurate, but those are products and about user choices. They are not ETH. People are free to make a choice about using them or not.

- You need 32 ETH not $3,200,000 in Eth to become a validator. That's just over $50k. Staking pools make it even cheaper. Also you don't need to worry about high energy costs and constantly upgrading mining equipment like you do with bitcoin. Running Eth validators is far simpler.

As I said, you need to take the maxi blinkers off and go look at things for yourself. And that doesn't mean you should go and buy Eth, but so you can start asking yourself why some maxi news sources are full of misleading statements and hypocrisy.

I bought Eth in 2015, before it was called ICO we referred to it as premined or let's just settle on preminted. Exactly what it is.  You can call it whatever you want.

I've explained why "old tech" is used in previous posts. Nfts, smart contracts, Web 3 is being touted now. Here's your issue with Eth, (and you refuse to acknowledge its centralisation aspect.) A database is way more efficient for centrilisation. Companies like Amazon and Google are not going to move all their stuff onto a more expensive centralised structure to build a web3, it's ludicrous. That's not the future to me.

The future is 8 billion people running the 21st century economy on their mobile devices via a decentrilised and secure baselayer that has hardened money. I'm betting on billions of people owning mobile devices  and not computers.


Read again what I wrote about Eth con artists with their words "old tech" and "decentrilised" both opensea and metamask are masquerading as decentrilised products. It's there for you to read in the quote.

The original quote was predicting a price of 100k eth, at that price 3,200,000 is required to stake. Even  at current prices 50k is beyond reach for most first world participants, nevertheless the other 6 billion people who don't have access to financial services. Then it's staked via a centralised entity for most. No thanks.

It's ok, I'll keep the blinkers on and have been since purchasing btc at $200. Only difference between shitcoiners and early btc adopters is we are not looking for that 100x. We are not co-opted by money. So seeing a path forward where everyone can benefit from a "new technology" both equally and securely is more my range of scope.

BTW this is what co-opted by money looks like:

Quote from: Griffith on February 05, 2023, 10:44:15 PM
If BTC goes 10x from here that put ETH 15x at 24K.

You want to call me misinformed, go for it. Time will tell. I'm not going to store my time and energy into a "centralised company" that's built on sand that resembles failing systems of old.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 06, 2023, 05:31:23 AM
Quote from: Theoak* on February 06, 2023, 04:52:34 AM


I've explained why "old tech" is used in previous posts. Nfts, smart contracts, Web 3 is being touted now. Here's your issue with Eth, (and you refuse to acknowledge its centralisation aspect.) A database is way more efficient for centrilisation. Companies like Amazon and Google are not going to move all their stuff onto a more expensive centralised structure to build a web3, it's ludicrous. That's not the future to me.


Metamask and opensea falsely claiming decentralization doesn't automatically make ETH centralized. Maybe I've missed it, but what exactly are you saying made ETH centralized?

Vitalik and his "master node"? The ICO? The Eth held by the foundation? Centralized projects using the ETH layer to run scams?

And for the time being Ethereum is expensive, but Ethereum has shown it is capable of development so there is a very good chance that it will eventually become economically viable for companies to eventually make the move over.

Also every smartphone is a computer. So yes, being Turing complete is still a huge advantage.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 06, 2023, 06:50:28 AM
Quote from: Theoak* on February 06, 2023, 04:52:34 AM
I bought Eth in 2015, before it was called ICO we referred to it as premined or let's just settle on preminted. Exactly what it is.  You can call it whatever you want.

I've explained why "old tech" is used in previous posts. Nfts, smart contracts, Web 3 is being touted now. Here's your issue with Eth, (and you refuse to acknowledge its centralisation aspect.) A database is way more efficient for centrilisation. Companies like Amazon and Google are not going to move all their stuff onto a more expensive centralised structure to build a web3, it's ludicrous. That's not the future to me.

The future is 8 billion people running the 21st century economy on their mobile devices via a decentrilised and secure baselayer that has hardened money. I'm betting on billions of people owning mobile devices  and not computers.


Read again what I wrote about Eth con artists with their words "old tech" and "decentrilised" both opensea and metamask are masquerading as decentrilised products. It's there for you to read in the quote.

The original quote was predicting a price of 100k eth, at that price 3,200,000 is required to stake. Even  at current prices 50k is beyond reach for most first world participants, nevertheless the other 6 billion people who don't have access to financial services. Then it's staked via a centralised entity for most. No thanks.

It's ok, I'll keep the blinkers on and have been since purchasing btc at $200. Only difference between shitcoiners and early btc adopters is we are not looking for that 100x. We are not co-opted by money. So seeing a path forward where everyone can benefit from a "new technology" both equally and securely is more my range of scope.

BTW this is what co-opted by money looks like:

You want to call me misinformed, go for it. Time will tell. I'm not going to store my time and energy into a "centralised company" that's built on sand that resembles failing systems of old.

All stablecoins use Ethereum. Even VISA and Mastercard will be integrating use of stablecoins such as USDC which uses ETH.

This has huge potential for people in developing countries where they need to hedge against depreciation of their local currency and are unable/prohibited from buying hard currencies locally.

Several reserve banks have also done trials using Ethereum for their CBDC's.

And as you mentioned, there is DEFI, smart-contracts and NFT's which overwhelmingly use ETH.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 06, 2023, 08:33:02 AM
Visa Eyes High-Value USDC Settlement Payments on Ethereum

Payments giant Visa reportedly seeks to meet customer requests to convert digital assets into fiat payments, similar to how it converts foreign currencies.

“We’ve been testing how to actually accept settlement payments from issuers in USDC starting on Ethereum and paying out in USDC on Ethereum,” Cuy Sheffield, head of crypto at Visa, said during the StarkWare Sessions 2023 event in Tel Aviv. “So, these are large value settlement payments.”

He noted that the effort would clone foreign currency exchange executed on the card network’s payment platform.

“The same way that we can convert between dollars in euros on a cross-border transaction, we should be able to convert between digital tokenized dollars and traditional dollars,” he said.

Visa announced the use of USDC, a stablecoin backed by the US dollar, to settle a transaction with the network over Ethereum in March 2021.


https://blockworks.co/news/visa-eyes-high-value-usdc-settlement-payments-on-ethereum?nocache
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 06, 2023, 09:30:40 AM
Nuke 1 - Binanace just said all USD bank transfers will be suspended on the 8th of Feb and resume in a few weeks when a new banking partner is established. 2018 6k to 3k Tether bank seizure vibes.

Leverage cascade on Jan alt gains incoming, or maybe even a 50% BTC nuke if it's more serious.

Market has actually gone up though since this got announced!


Nuke 2 - DCG and Genesis trading to sell assets. Winding down their loan book, so selling crypto

(https://pbs.twimg.com/media/FoTaKcoXoBQc_ol?format=jpg&name=small)

https://www.coindesk.com/business/2023/02/06/bankrupt-lender-genesis-and-parent-dcg-reach-initial-agreement-with-main-creditors-source/?utm_campaign=coindesk_main&utm_content=editorial&utm_medium=social&utm_term=organic&utm_source=twitter
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 06, 2023, 09:38:33 AM
Quote from: Flexacon on February 06, 2023, 09:30:40 AM
Binanace just said all USD bank transfers will be suspended on the 8th of Feb and resume in a few weeks when a new banking partner is established.

Leverage cascade on Jan alt gains incoming, or maybe even a 50% BTC nuke if it's FTX vibes.

Market has actually gone up though since this got announced!

"We are temporarily suspending USD bank transfers as of February 8th," a Binance spokesperson said, noting just 0.01% of monthly active users use USD bank transfers. "Affected customers are being notified directly."

"In the interim, all other methods of buying and selling crypto remain unaffected, including bank transfer using one of the other fiat currencies supported by Binance (including euros), buying and selling crypto via credit card, debit card, Google Pay and Apple Pay and via our Binance P2P marketplace," the spokesperson added.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 06, 2023, 09:50:30 AM
Quote from: Griffith on February 06, 2023, 09:38:33 AM
"We are temporarily suspending USD bank transfers as of February 8th," a Binance spokesperson said, noting just 0.01% of monthly active users use USD bank transfers. "Affected customers are being notified directly."

"In the interim, all other methods of buying and selling crypto remain unaffected, including bank transfer using one of the other fiat currencies supported by Binance (including euros), buying and selling crypto via credit card, debit card, Google Pay and Apple Pay and via our Binance P2P marketplace," the spokesperson added.

I edited the post. It was the same announcement tether made in 2018. Turned out Law enforcement seized the bank then. If it's a repeat (maybe Silvergate or SBNY) then it would be serious.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: blackpele on February 06, 2023, 01:40:18 PM
Quote from: Flexacon on February 06, 2023, 03:33:04 AM
You need to stop getting your Ethereum information through maxi only channels as it's made you horribly misinformed.

- ETH was never premined. There was an ICO,  pre launch you sent BTC and later received an ETH wallet and ETH. Then after launch you could mine ETH. Pre PoS all ETH came into existence through either mined BTC or mining ETH. The controversy is behind the Eth founders and foundation taking a percentage through the ICO, but those sending BTC for ETH knew this.

- The main reason BTC gets called old tech is because it isn't "Turing complete" and Ethereum is. Mathematically it's possible to do anything you can do on your computer on Ethereum. This hasn't really mattered in the last 14 years, but it should be obvious why this could be hugely advantageous in the future.

- Your points about Metamask and opensea are accurate, but those are products and about user choices. They are not ETH. People are free to make a choice about using them or not.

- You need 32 ETH not $3,200,000 in Eth to become a validator. That's just over $50k. Staking pools make it even cheaper. Also you don't need to worry about high energy costs and constantly upgrading mining equipment like you do with bitcoin. Running Eth validators is far simpler.

As I said, you need to take the maxi blinkers off and go look at things for yourself. And that doesn't mean you should go and buy Eth, but so you can start asking yourself why some maxi news sources are full of misleading statements and hypocrisy.

Flexacon could you please list some quality sources regarding crypto, thanks  :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 06, 2023, 02:25:17 PM
Quote from: blackpele on February 06, 2023, 01:40:18 PM
Flexacon could you please list some quality sources regarding crypto, thanks  :)

I don't know if such things even exist. People putting information out are typically biased in some way, usually it's financially motivated. Some who can be a great source of information can also very biased because of bad blood that's happened in their crypto past.

Everyone also wants different things from crypto so this also further complicates things. People who are moral and right about things often make no money in crypto whilst scammers and their followers make millions. Which source is of more value there?

It might sound ridiculous, but your best source of information now might just be to use chatgpt. Google is also releasing it's version soon, so having the ability to cross reference responses will be an amazing resource.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on February 06, 2023, 05:20:45 PM
Cramer was waving the caution flag, so, you’re probably not gonna see a pullback in up-trending markets in the near future.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 06, 2023, 05:49:49 PM
Wow its great to see how sophisticated this discussion has become, evolving form Mr Anabolic's "but its vaporware" comments, to true discussions by people who understand the technology.

One comment from me - ETH is in my view very much an unregistered security. And it has a very serious risk of being restricted from be traded on any regulated exchange. There was a fund raising, for a "project" where the founders issued "tokens" in return for assets of value being transferred to them. That does not mean ETH would disappear, but it would be a massive blow, and a massive boon to Bitcoin if such enforcement really takes place.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 06, 2023, 11:17:32 PM
Quote from: gib on February 06, 2023, 05:49:49 PM
Wow its great to see how sophisticated this discussion has become, evolving form Mr Anabolic's "but its vaporware" comments, to true discussions by people who understand the technology.

One comment from me - ETH is in my view very much an unregistered security. And it has a very serious risk of being restricted from be traded on any regulated exchange. There was a fund raising, for a "project" where the founders issued "tokens" in return for assets of value being transferred to them. That does not mean ETH would disappear, but it would be a massive blow, and a massive boon to Bitcoin if such enforcement really takes place.
https://isethereumasecurity.com/

Prong #2:

Hard to suggest there is an “issuer” or “promoter” at this point in Ethereum.
Staking does not have horizontal commonality in relation to profits.
Staking does have some horizontal commonality in relation to other validators, but they are not an issuer/promoter.
Horziontal commonality in efforts is negated by the factor that the profits and loses are solely based on your own validators performance and actions.
Your validator can be taken to another network is not locked in to any type of commonality.
Staking does not have strong vertical commonality with the issuer.
There is only broad vertical commonality, if you believe what is being sold is blockspace, and that the blockspace is owned by developers who publish code, but do not run the network.

Prong #3:

There is an expectation of profits.
Those profits are only derived from your own ability to maintain a reliable validator.
The maintenance of a machine performing network validation has been shown to be a key managerial effort in the past.
You are selling uptime and validation, and not blockspace, as your validator could connect to another PoS network, or fork, with other validators and do the same action.
This would mean finding Ethereum Proof-of-Stake to not be a security.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 06, 2023, 11:21:43 PM
Michael Saylor bought Bitcoin because he expects the value to go up and thereby realize a profit.

gib bought Bitcoin for the same reason.

Does that make Bitcoin a security? Are Michael Saylor or gib doing work to process transactions and secure the network? Or could they be profiting from the work of others - the miners securing the BTC network and the developers adding features?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 07, 2023, 04:39:56 AM
Quote from: obsidian on February 06, 2023, 11:17:32 PM
https://isethereumasecurity.com/

Prong #2:

Hard to suggest there is an “issuer” or “promoter” at this point in Ethereum.
Staking does not have horizontal commonality in relation to profits.
Staking does have some horizontal commonality in relation to other validators, but they are not an issuer/promoter.
Horziontal commonality in efforts is negated by the factor that the profits and loses are solely based on your own validators performance and actions.
Your validator can be taken to another network is not locked in to any type of commonality.
Staking does not have strong vertical commonality with the issuer.
There is only broad vertical commonality, if you believe what is being sold is blockspace, and that the blockspace is owned by developers who publish code, but do not run the network.

Prong #3:

There is an expectation of profits.
Those profits are only derived from your own ability to maintain a reliable validator.
The maintenance of a machine performing network validation has been shown to be a key managerial effort in the past.
You are selling uptime and validation, and not blockspace, as your validator could connect to another PoS network, or fork, with other validators and do the same action.
This would mean finding Ethereum Proof-of-Stake to not be a security.

This history of Eth cannot be reversed. Same with Ripple. Eth when it was launched obviously had a promoter and founder who received immediate value for a sale of shares in the venture, with the shares being represented by eth tokens. Under a strict application of SEC rules, they really are screwed. As a result, it may very will likely lead to the SEC coming after Vitalk and others, and banning regulated exchanges from trading eth "tokens" (essentially an unregistered security).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 07, 2023, 07:58:24 AM
Quote from: gib on February 07, 2023, 04:39:56 AM
This history of Eth cannot be reversed. Same with Ripple. Eth when it was launched obviously had a promoter and founder who received immediate value for a sale of shares in the venture, with the shares being represented by eth tokens. Under a strict application of SEC rules, they really are screwed. As a result, it may very will likely lead to the SEC coming after Vitalk and others, and banning regulated exchanges from trading eth "tokens" (essentially an unregistered security).

The SEC ruled the EOS ICO as an unregistered token sale and all it did was fine them. The final product was not deemed a security and EOS tokens are still trading.

ETH would have an even better case than EOS if the SEC came after them for their ICO. At worst they can just accept the SEC fine without any admissions of guilt and carry on with business just like EOS.

EOS misled investors during their ICO and all it got was a fine. No one was misled during the ETH ICO.

Also as recently as December 2022 the CFTC has been referring to ETH as a commodity in legal hearings.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 07, 2023, 11:54:00 AM


It’s taxation that will fuck 99% of retail, not the security thing.

That guy I have mentioned before who got up to 250M and then lost it all, turns out he also has a 30M tax bill……..

Tax authorities will rip shit through people once they regulate defi via wallets and have exchanges submit tax reports rather than wait for people to voluntarily provide it. I assume the CBDCs will form the back one of this which is 2024 onwards.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on February 07, 2023, 01:21:08 PM
Quote from: Griffith on February 06, 2023, 06:50:28 AM
All stablecoins use Ethereum. Even VISA and Mastercard will be integrating use of stablecoins such as USDC which uses ETH.

This has huge potential for people in developing countries where they need to hedge against depreciation of their local currency and are unable/prohibited from buying hard currencies locally.

Several reserve banks have also done trials using Ethereum for their CBDC's.

And as you mentioned, there is DEFI, smart-contracts and NFT's which overwhelmingly use ETH.

This is not the win you think it is. Several banks are using Ethereum......I wonder why that is?

If you have to attach your identity  to money  it's not money. It's social credit.

Edit: How convenient.

Bank of England proposes £10,000–£20,000 holding limit per person for its digital pound (CBDC).

https://watcher.guru/news/bank-of-england-launches-digital-pound-cbdc-project?c=294



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 07, 2023, 10:25:35 PM
Quote from: Flexacon on February 07, 2023, 07:58:24 AM
The SEC ruled the EOS ICO as an unregistered token sale and all it did was fine them. The final product was not deemed a security and EOS tokens are still trading.

ETH would have an even better case than EOS if the SEC came after them for their ICO. At worst they can just accept the SEC fine without any admissions of guilt and carry on with business just like EOS.

EOS misled investors during their ICO and all it got was a fine. No one was misled during the ETH ICO.

Also as recently as December 2022 the CFTC has been referring to ETH as a commodity in legal hearings.

Yes, I know the EOS guys. Absolute scammers. They had a good lawyer and got very very lucky (and also very lucky with the money they raised). Also there was not much the SEC could do, as they were all based off-shore in Hong Kong. So paying 25m was a great result for. The companies the SEC are now going after will not be so fortunate I think. Lets see. Outcomes of Library and Ripple will sent important precedents for other unregulated securities such as ETH, and for exchanges.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 08, 2023, 03:15:26 PM
Quote from: gib on February 07, 2023, 04:39:56 AM
This history of Eth cannot be reversed. Same with Ripple. Eth when it was launched obviously had a promoter and founder who received immediate value for a sale of shares in the venture, with the shares being represented by eth tokens. Under a strict application of SEC rules, they really are screwed. As a result, it may very will likely lead to the SEC coming after Vitalk and others, and banning regulated exchanges from trading eth "tokens" (essentially an unregistered security).
You are spreading Ethereum FUD. Because that's all that BTC Maxis can do at this point.

The Ethereum ICO involved the exchange of BTC for ETH, not USD. Vitalik is not a US Citizen and lives in Singapore. So not sure what jurisdiction the SEC will have over him.

Bitcoin first became available to buy, sell and trade on online exchanges in 2010. In April 2011, the price of Bitcoin crossed the $1 threshold for the first time. So what is the difference between an ICO where BTC is exchanged for ETH tokens and being able to exchange USD for BTC in 2010? I fail to see how one would be deemed a security and the other not.

Satoshi was able to mine over 1 million BTC in the early days because he was the first to the gate. That is really no different than pre-mining.

We already have one SEC official claim Bitcoin and Ethereum are not securities. No SEC official has come out and stated Ethereum is a security. And the fact is Proof of Stake Ethereum does not satisfy all he criteria of the Howey Test.

The SEC's job is to protect investors. Where was Gary Gensler when SBF and FTX were defrauding investors? Oh yeah, he was meeting with him and probably having a great time. He failed at his job. The SEC has never been about protecting investors and entrepreneurs. They are really there to advance the agenda of established entities.

The SEC went after Preston Tucker and lost in 1950. But in the process, they destroyed his business and he had to shut down. There's a movie about it starring Jeff Bridges.

https://www.wired.com/2010/01/0122preston-tucker-acquitted/

The SEC is a useless, corrupt entity like the FBI and CIA. All three should be dissolved. They are useless to us.

https://beincrypto.com/eth-pos-is-not-a-security-here-is-why/#:~:text=Ethereum's%20Merge%20has%20led%20to,be%20considered%20as%20a%20security.

How is the Howey test applied to prove an asset, a security
According to The Securities Act of 1933, an investment contract should have three prongs. A contract should satisfy all three prongs. If an instrument does not meet even any one of the prongs, it cannot be considered security.

1. An investment of money
2. In a common enterprise
3. With reasonable expectations of profits derived solely from the efforts of others

The prong one states, “An investment of money” The validators depositing their ETH in the smart contract to validate the transactions and keep the Ethereum blockchain secure is not necessarily “an investment of money.” They are putting ETH as collateral to participate in the PoS mechanism. They are not making a purchase or an investment.

However, this argument may be valid technically. Still, it cannot be considered a solid argument because the ETH deposited as collateral can be viewed as a “risk” and may fall under the investment criteria.

Does Ethereum satisfy the second prong?
Under the second prong, “In a common enterprise,” there are two tests of Commonality:

1.Horizontal Commonality means the individual’s capitals are tied to each other by “pooling of funds.” It is combined by pro-rata distribution of profits. Some believe that staking ETH qualifies horizontal Commonality because the fund is staked in a “common” smart contract, which means “pooling of funds.” It is not pooling because no promoter or central authority has direct control over the staked ETH. The validators stake 32 ETH in a common smart contract, but the staked ETH remains distinct and bound to their node. Validators are incentivized to validate the transactions or slashed if they are involved in some malpractice. There is no impact on all the other validators based on the successful actions or failures of a single validator. Hence there is no pro-rata distribution of profits. Thus the Horizontal Commonality is irrelevant.

2. Vertical Commonality: The vertical Commonality focuses on the relationship between the investor and the issuer/promoter. It is irrelevant in the case of Ethereum because there is no promoter. Ethereum is a decentralized and open-sourced project. Anyone can join the Ethereum network as a validator. They are rewarded or slashed based on their actions through the codes of smart contracts. The rewards they receive are not due to the efforts of any promoters or issuer.

Hence Ethereum fails to satisfy both the test of Commonality. Failure of even one of the prongs proves that Ethereum cannot be considered a security as per the Howey test.

Does Ethereum satisfy the third prong?
The third prong states, “With reasonable expectations of profits derived solely from the efforts of others.”

The staking reward in Ethereum is determined by the validator’s own efforts, as explained earlier. It does not “solely depend on efforts of others.” The validators are putting efforts into maximizing their up-time and remaining connected to the network.

Ethereum fails to satisfy, if not all, but 2 out of 3 prongs. Hence ETH PoS is not a security.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 08, 2023, 09:01:01 PM
"The Ethereum ICO involved the exchange of BTC for ETH, not USD."

Does not matter how the money was raised. Whether via BTC, cash, or anything else of the value, if there is a fund raise it comes within the SEC mandate. (Otherwise, anyone could do an unapproved IPO simply by requesting payment in BTC).

"Vitalik is not a US Citizen and lives in Singapore. So not sure what jurisdiction the SEC will have over him."

Citizenship is not relevant, but yes country of residence is (for practical purposes). Either way, the exchanges that trade Eth are based in the US can easily be sanctioned, and either way the Ethereum Foundation is an organization which can be served and held accountable.

"So what is the difference between an ICO where BTC is exchanged for ETH tokens and being able to exchange USD for BTC in 2010? I fail to see how one would be deemed a security and the other not."

The difference is in how BTC was launched. BTC was source code, with no project founder raising capital. As you know, even Satoshi has to mine his own coins. This is why almost all alts are unregulated securities, and why US exchanges will likely be banned from facilitating trading of them,


"No SEC official has come out and stated Ethereum is a security."

Not correct. The SEC has been explicitly clear that Eth is an unregistered security. And they have issues very clear warnings to US exchanges on this.

See https://coingeek.com/is-eth-a-security-if-it-wasnt-before-it-is-now/

"The SEC's job is to protect investors. Where was Gary Gensler when SBF and FTX were defrauding investors? Oh yeah, he was meeting with him and probably having a great time. He failed at his job."

Agree, and hence the pressure is now really on given prior lack of action.

"According to The Securities Act of 1933, an investment contract should have three prongs. A contract should satisfy all three prongs. If an instrument does not meet even any one of the prongs, it cannot be considered security.

1. An investment of money
2. In a common enterprise
3. With reasonable expectations of profits derived solely from the efforts of others."

Yes, this is correct. And the courts will determine if satisfied. If it walks, talks, and qwaks like a duck, then its likely a duck. Time will tell.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on February 08, 2023, 10:01:08 PM
Right on time Gib.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on February 08, 2023, 10:16:21 PM
Quote from: gib on February 08, 2023, 09:01:01 PM
The difference is in how BTC was launched. BTC was source code, with no project founder raising capital. As you know, even Satoshi has to mine his own coins. This is why almost all alts are unregulated securities, and why US exchanges will likely be banned from facilitating trading of them,

Didn't Eth founders dump Eth top of the 17 bull market? 14 years on and not a single btc has moved from Satoshi Nakmotos wallet.

If SEC does classify Eth as a security, it will be like rats fleeing a sinking ship and be a major shift towards BTC. It would be entertaining to watch "the cope" unfold.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 08, 2023, 10:49:48 PM
Quote from: Theoak* on February 08, 2023, 10:01:08 PM
Right on time Gib.
I'll just set up my own solo staking validators. I have enough ETH for multiple validators. Should have gone that route from the start. The March 2023 Shanghai upgrade will enable unstaking. Then I can get my ETH off Coinbase.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 08, 2023, 10:58:08 PM
Quote from: Theoak* on February 08, 2023, 10:16:21 PM
Didn't Eth founders dump Eth top of the 17 bull market? 14 years on and not a single btc has moved from Satoshi Nakmotos wallet.

If SEC does classify Eth as a security, it will be like rats fleeing a sinking ship and be a major shift towards BTC. It would be entertaining to watch "the cope" unfold.
Didn't gib dump almost 100% of his BTC after the 2017 bull run? And then he bought back in again when the price was lower? I say he was smart to do that.

Last year (2022) the ETH foundation sold about 5% of its holdings.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 08, 2023, 11:25:16 PM
The SEC will have to prove staking is a security. I am sure dirty Gary Gensler will do his best as he protects his banker friends. I was suspicious of Gensler from the onset because I know which tribe he represents. Would be nice to see his greasy ass in prison - even though that will most likely never happen.

A few things that need to happen:

1. End the Fed
2. Dissolve the SEC
3. Dissolve the FBI
4. Dissolve the CIA
5. Remove all corrupt politicians and send them to hard labor camps.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 08, 2023, 11:25:25 PM
Quote from: gib on February 08, 2023, 09:01:01 PM


Not correct. The SEC has been explicitly clear that Eth is an unregistered security. And they have issues very clear warnings to US exchanges on this.

See https://coingeek.com/is-eth-a-security-if-it-wasnt-before-it-is-now/


The SEC has never said that. The only thing Gensler has explicitly said is that Bitcoin was the only thing they were sure wasn't a security.

The Gensler quotes in the article doesn't back up what you're saying either

“[Staking services] look very similar—with some changes of labeling—to lending,” he said.

“From the coin’s perspective… that’s another indication that under the Howey test, the investing public is anticipating profits based on the efforts of others,”

Kraken Exchange has been warned for offering unregistered securities to US clients and will probably be fined for it. There was no mention of ETH
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 08, 2023, 11:30:12 PM
Quote from: Theoak* on February 08, 2023, 10:16:21 PM
Didn't Eth founders dump Eth top of the 17 bull market? 14 years on and not a single btc has moved from Satoshi Nakmotos wallet.

If SEC does classify Eth as a security, it will be like rats fleeing a sinking ship and be a major shift towards BTC. It would be entertaining to watch "the cope" unfold.

Surely you can't be naive enough to think who or whatever Satoshi Nakmoto was didn't have other wallets they sold BTC out of at some point.

Yes Vitalik and the Foundation sold some of their Eth. The money from the sale gave the project a long runway, allowed them to hire more people, fund other projects in the ecosystem and that's part of the reason why they have the most development going on of any crypto project.

Bitcoins most promising piece of development in that time came about by accident.

Quote from: Theoak* on February 08, 2023, 10:01:08 PM
Right on time Gib.

Wouldn't get too excited about this just yet. I would love a price dump more than anyone, but this is looking like another Bitzlato nothing burger moment.

Ironically banning centralized exchanges from staking ETH actually helps it towards more decentralization.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 09, 2023, 03:29:01 AM
"Surely you can't be naive enough to think who or whatever Satoshi Nakmoto was didn't have other wallets they sold BTC out of at some point."

Its not a matter of how the sats were later sold. Its the fact that every sat was produced and available to anyone to produce via mining. There was not a single sat pre-mined given to founders (unlike eth and almost all scam alts).

"Ironically banning centralized exchanges from staking ETH actually helps it towards more decentralization."

Not sure about that, as it does not chance the centralized (and increasingly centralized) nature of Eth,
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 09, 2023, 03:36:58 AM
Quote from: obsidian on February 08, 2023, 10:58:08 PM
Didn't gib dump almost 100% of his BTC after the 2017 bull run? And then he bought back in again when the price was lower? I say he was smart to do that.


Yes, I did (early 2018 from memory). And I got a lot of shit for it at the time, being called a scammer and traitor etc. The whole story is documented in the thread somewhere but basically, yes I did sell (timing was not "perfect" but from memory 5x or so up on my initial investment). My reason for selling was not that I didn't believe in BTC or all it stood for, but that I felt it was the bursting of a short term bubble. I then rebought in close to the bottom again, and have been holding ever since. I did not cash in again during the last peak at 64K. Imagine doing that a second time around. I posted a few pages back that I now have over 50 BTCs and a smaller amount of ETH (I need to check but I think around 10-15 ETH) and then a tiny amount of alt shrapnel (as in 1/10th of 1% of my total crypto).

In case anyone is wondering why I can't provide he exact amount, is basically because my physical access device is stored remotely, and when I buy (as I am still nibbling away at BTC), I send right away to that wallet address.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 09, 2023, 04:58:17 AM
Quote from: gib on February 09, 2023, 03:29:01 AM
"Surely you can't be naive enough to think who or whatever Satoshi Nakmoto was didn't have other wallets they sold BTC out of at some point."

Its not a matter of how the sats were later sold. Its the fact that every sat was produced and available to anyone to produce via mining. There was not a single sat pre-mined given to founders (unlike eth and almost all scam alts).

Eth was not pre-mined. Btc was exchanged for Eth. Take fiat out of the equation and let's assume the only medium of exchange that exists is btc (it's fair to do this as no fiat was involved in the btc for eth exchange) Then to say an exchange of btc for something else (Eth) is not a valid exchange would be to say btc itself is not valid.

Eth founders and foundation were open and clear about  taking a percentage, with the promise they'd grow Ethereum. I think they've more than kept that promise. If they eventually present a near perfect final solution to the blockchain trilemma do you think everyone should reject it just because they were smart enough to secure a long runway by selling some eth in 2017?

Quote from: gib on February 09, 2023, 03:29:01 AM
"Ironically banning centralized exchanges from staking ETH actually helps it towards more decentralization."

Not sure about that, as it does not chance the centralized (and increasingly centralized) nature of Eth,

The amount of staked ETH in centralized exchanges could potentially one day allow for them to coordinate a 51%attack. Not allowing ETH staking on centralized exchanges removes this attack vector.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 09, 2023, 09:26:02 AM
Quote from: obsidian on February 08, 2023, 03:15:26 PM
You are spreading Ethereum FUD. Because that's all that BTC Maxis can do at this point.

The Ethereum ICO involved the exchange of BTC for ETH, not USD. Vitalik is not a US Citizen and lives in Singapore. So not sure what jurisdiction the SEC will have over him.

Bitcoin first became available to buy, sell and trade on online exchanges in 2010. In April 2011, the price of Bitcoin crossed the $1 threshold for the first time. So what is the difference between an ICO where BTC is exchanged for ETH tokens and being able to exchange USD for BTC in 2010? I fail to see how one would be deemed a security and the other not.

Satoshi was able to mine over 1 million BTC in the early days because he was the first to the gate. That is really no different than pre-mining.

We already have one SEC official claim Bitcoin and Ethereum are not securities. No SEC official has come out and stated Ethereum is a security. And the fact is Proof of Stake Ethereum does not satisfy all he criteria of the Howey Test.

The SEC's job is to protect investors. Where was Gary Gensler when SBF and FTX were defrauding investors? Oh yeah, he was meeting with him and probably having a great time. He failed at his job. The SEC has never been about protecting investors and entrepreneurs. They are really there to advance the agenda of established entities.

The SEC went after Preston Tucker and lost in 1950. But in the process, they destroyed his business and he had to shut down. There's a movie about it starring Jeff Bridges.

https://www.wired.com/2010/01/0122preston-tucker-acquitted/

The SEC is a useless, corrupt entity like the FBI and CIA. All three should be dissolved. They are useless to us.

https://beincrypto.com/eth-pos-is-not-a-security-here-is-why/#:~:text=Ethereum's%20Merge%20has%20led%20to,be%20considered%20as%20a%20security.

How is the Howey test applied to prove an asset, a security
According to The Securities Act of 1933, an investment contract should have three prongs. A contract should satisfy all three prongs. If an instrument does not meet even any one of the prongs, it cannot be considered security.

1. An investment of money
2. In a common enterprise
3. With reasonable expectations of profits derived solely from the efforts of others

The prong one states, “An investment of money” The validators depositing their ETH in the smart contract to validate the transactions and keep the Ethereum blockchain secure is not necessarily “an investment of money.” They are putting ETH as collateral to participate in the PoS mechanism. They are not making a purchase or an investment.

However, this argument may be valid technically. Still, it cannot be considered a solid argument because the ETH deposited as collateral can be viewed as a “risk” and may fall under the investment criteria.

Does Ethereum satisfy the second prong?
Under the second prong, “In a common enterprise,” there are two tests of Commonality:

1.Horizontal Commonality means the individual’s capitals are tied to each other by “pooling of funds.” It is combined by pro-rata distribution of profits. Some believe that staking ETH qualifies horizontal Commonality because the fund is staked in a “common” smart contract, which means “pooling of funds.” It is not pooling because no promoter or central authority has direct control over the staked ETH. The validators stake 32 ETH in a common smart contract, but the staked ETH remains distinct and bound to their node. Validators are incentivized to validate the transactions or slashed if they are involved in some malpractice. There is no impact on all the other validators based on the successful actions or failures of a single validator. Hence there is no pro-rata distribution of profits. Thus the Horizontal Commonality is irrelevant.

2. Vertical Commonality: The vertical Commonality focuses on the relationship between the investor and the issuer/promoter. It is irrelevant in the case of Ethereum because there is no promoter. Ethereum is a decentralized and open-sourced project. Anyone can join the Ethereum network as a validator. They are rewarded or slashed based on their actions through the codes of smart contracts. The rewards they receive are not due to the efforts of any promoters or issuer.

Hence Ethereum fails to satisfy both the test of Commonality. Failure of even one of the prongs proves that Ethereum cannot be considered a security as per the Howey test.

Does Ethereum satisfy the third prong?
The third prong states, “With reasonable expectations of profits derived solely from the efforts of others.”

The staking reward in Ethereum is determined by the validator’s own efforts, as explained earlier. It does not “solely depend on efforts of others.” The validators are putting efforts into maximizing their up-time and remaining connected to the network.

Ethereum fails to satisfy, if not all, but 2 out of 3 prongs. Hence ETH PoS is not a security.

Good post.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 09, 2023, 05:26:15 PM
Quote from: obsidian on February 08, 2023, 10:49:48 PM
I'll just set up my own solo staking validators. I have enough ETH for multiple validators. Should have gone that route from the start. The March 2023 Shanghai upgrade will enable unstaking. Then I can get my ETH off Coinbase.

It was a nothing burger. No issues with Coinbase or Eth.

Kraken commingled customer assets so they could harvest higher yeilds with it. This deemed the staking a "security" as it was now custodial staking.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 09, 2023, 08:03:00 PM
Quote from: Flexacon on February 09, 2023, 05:26:15 PM
It was a nothing burger. No issues with Coinbase or Eth.

Kraken commingled customer assets so they could harvest higher yeilds with it. This deemed the "staking" a security as it was now custodial staking.
Agreed. It seems more likely to me that the SEC will crack down on stablecoin staking. Because that competes with government bonds. Staking in volatile assets like Ethereum or Cardano will not impact government bonds.

Bitboy recently opined on this. Completely banning Ethereum or Cardano staking will not fly because the blockchains rely on staking to confirm transactions. ETH or ADA staking is completely different from earning interest on stablecoins.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on February 09, 2023, 08:44:15 PM
Everybody in here still typing up their crypto hopes and dreams? Never have I seen such un-required complexity and wilful entanglement in a derivative of value. It's like listening to dorks talk about Dungeons and Dragons in the basement when it's summer and everyone is outside. LOL


(https://media.tenor.com/XgaU95K_XiwAAAAC/kermit-typing.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 10, 2023, 03:29:03 AM
This time around staking was where considerable fraud was being done.

No surprise every country wants to ban staking. These mobs go and get leverage against customer deposits or even worse sell customer deposits, why would anyone be against this being fixed?

Regulations in 2023-24 will likely kill a huge number of projects which makes existing projects stronger.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 10, 2023, 04:06:01 AM
Quote from: Mayday on February 10, 2023, 03:29:03 AM
This time around staking was where considerable fraud was being done.

No surprise every country wants to ban staking. These mobs go and get leverage against customer deposits or even worse sell customer deposits, why would anyone be against this being fixed?

Regulations in 2023-24 will likely kill a huge number of projects which makes existing projects stronger.

Btc maxis got all horny thinking this was the Eth kill shit. Everyone else was outraged because how dare the SEC interfere with their  staking rewards.

Kraken like you said were the ones who were frauding and actually in wrong.

The irony is that it looks like bitcoins price dropped just after this news was officially released. It wasn't even bitcoin FUD, more bullish for btc. If you look at the US stock charts for the day they went down and dxy went up and btc eventually lined up to the trend. A well worked psyops that wiped some leverage out.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 10, 2023, 04:07:25 AM
Quote from: SOMEPARTS on February 09, 2023, 08:44:15 PM
Everybody in here still typing up their crypto hopes and dreams? Never have I seen such un-required complexity and wilful entanglement in a derivative of value. It's like listening to dorks talk about Dungeons and Dragons in the basement when it's summer and everyone is outside. LOL


Hopes and dreams? No bro I'm in the utter greed phase.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on February 10, 2023, 07:20:53 AM
Quote from: gib on February 08, 2023, 09:01:01 PM
"The Ethereum ICO involved the exchange of BTC for ETH, not USD."

Does not matter how the money was raised. Whether via BTC, cash, or anything else of the value, if there is a fund raise it comes within the SEC mandate. (Otherwise, anyone could do an unapproved IPO simply by requesting payment in BTC).

"Vitalik is not a US Citizen and lives in Singapore. So not sure what jurisdiction the SEC will have over him."

Citizenship is not relevant, but yes country of residence is (for practical purposes). Either way, the exchanges that trade Eth are based in the US can easily be sanctioned, and either way the Ethereum Foundation is an organization which can be served and held accountable.

"So what is the difference between an ICO where BTC is exchanged for ETH tokens and being able to exchange USD for BTC in 2010? I fail to see how one would be deemed a security and the other not."

The difference is in how BTC was launched. BTC was source code, with no project founder raising capital. As you know, even Satoshi has to mine his own coins. This is why almost all alts are unregulated securities, and why US exchanges will likely be banned from facilitating trading of them,


"No SEC official has come out and stated Ethereum is a security."

Not correct. The SEC has been explicitly clear that Eth is an unregistered security. And they have issues very clear warnings to US exchanges on this.

See https://coingeek.com/is-eth-a-security-if-it-wasnt-before-it-is-now/

"The SEC's job is to protect investors. Where was Gary Gensler when SBF and FTX were defrauding investors? Oh yeah, he was meeting with him and probably having a great time. He failed at his job."

Agree, and hence the pressure is now really on given prior lack of action.

"According to The Securities Act of 1933, an investment contract should have three prongs. A contract should satisfy all three prongs. If an instrument does not meet even any one of the prongs, it cannot be considered security.

1. An investment of money
2. In a common enterprise
3. With reasonable expectations of profits derived solely from the efforts of others."

Yes, this is correct. And the courts will determine if satisfied. If it walks, talks, and qwaks like a duck, then its likely a duck. Time will tell.

https://twitter.com/VandelayBTC/status/1623838500188569601?s=20&t=_m4Fwfh3WjZkTllyKz20Sg
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 10, 2023, 09:28:56 PM
"Crypto businesses don’t properly safeguard customer assets and often mix them with their own funds. This according to US Securities and Exchange Commission Chair Gary Gensler, who was especially blunt in his assessment of the embattled asset class and its proponents. “This is largely a noncompliant field,” Gensler said in an interview with Bloomberg Television. “They’re commingling customer funds with their businesses.” The negativity from the SEC chief is nothing new. For months he’s been warning of the potential dangers posed by the industry. The regulator has asserted that many tokens and crypto products are really just securities that trade on the blockchain and should be registered with the agency.  Gensler took particular issue with how crypto exchanges often play multiple roles. He suggested their business models can create significant conflicts of interest. “We don’t let the New York Stock Exchange also run a hedge fund and trade on the exchange.” he said. “Why would we do it here?”"

https://www.bloomberg.com/news/articles/2023-02-10/crypto-firms-often-mix-client-funds-with-their-own-gensler-says?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 11, 2023, 01:47:56 AM
Quote from: Theoak* on February 10, 2023, 07:20:53 AM
https://twitter.com/VandelayBTC/status/1623838500188569601?s=20&t=_m4Fwfh3WjZkTllyKz20Sg
Saylor is a clown. It was extremely cringeworthy when he appeared onstage with the other clown Max Keizer who kept yelling "Fuck Elon!". Not a good look at all.

 ;D

Real or not, this is funny!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 11, 2023, 01:51:25 AM
Quote from: gib on February 10, 2023, 09:28:56 PM
"Crypto businesses don’t properly safeguard customer assets and often mix them with their own funds. This according to US Securities and Exchange Commission Chair Gary Gensler, who was especially blunt in his assessment of the embattled asset class and its proponents. “This is largely a noncompliant field,” Gensler said in an interview with Bloomberg Television. “They’re commingling customer funds with their businesses.” The negativity from the SEC chief is nothing new. For months he’s been warning of the potential dangers posed by the industry. The regulator has asserted that many tokens and crypto products are really just securities that trade on the blockchain and should be registered with the agency.  Gensler took particular issue with how crypto exchanges often play multiple roles. He suggested their business models can create significant conflicts of interest. “We don’t let the New York Stock Exchange also run a hedge fund and trade on the exchange.” he said. “Why would we do it here?”"

https://www.bloomberg.com/news/articles/2023-02-10/crypto-firms-often-mix-client-funds-with-their-own-gensler-says?
I agree with him about that. All these crypto entities that failed gave crypto a black eye. They were gambling with customer funds. But nobody blamed the US dollar when Madoff ripped off his victims. For this same reason, crypto assets themselves can't be blamed. Blame assholes like SBF and that Terra Lunatic.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 11, 2023, 02:00:31 AM
https://cointelegraph.com/news/ethereum-co-founder-joe-lubin-says-no-chance-eth-is-classed-as-security

Ethereum co-founder Joe Lubin says no chance ETH is classed as security

The ConsenSys founder and Ethereum co-founder said it’s as unlikely as ride-sharing service Uber becoming illegal.

Ethereum co-founder and crypto entrepreneur Joseph Lubin is confident that Ether won’t be classified as a security in the United States.

Cointelegraph spoke with Lubin, Ethereum co-founder and founder of blockchain tech firm ConsenSys, in Tel Aviv at the Web3 event, Building Blocks 23.

Asked if ETH could be classed as a security in the U.S. after Ethereum’s transition to a proof-of-stake (PoS) consensus model, Lubin said:

“I think it's as likely, and would have the same impact, as if Uber was made illegal.”

“There would be a tremendous outcry from not just the crypto community but different politicians and certain regulators,” he added.

In September, Securities and Exchange Commission Chairman Gary Gensler suggested that the blockchain’s transition to PoS might have brought ETH under the regulators’ beat.

Gensler believed staking coins gave “the investing public” anticipation of “profits based on the efforts of others.”

Lubin said he was privy to discussions with the SEC and the Commodity Futures Trading Commission “for many years.”

He said around five years ago the regulators were “just trying to wrap their heads around what tokens were.”

“They thought back then that everything was a security. We — I think — helped them significantly understand lots of tokens are not securities, and then they went away and Gary and team now think almost everything's a security.”

Lubin, however, believes that ETH continues to be “sufficiently decentralized” and pointed to its “many use cases that don’t implicate it as a security.”

“There is no centralized set of promoters or builders that is specifically trying to raise the value of Ether and enrich investors,” he added.

“There's a court system in the United States of America that I think would be supportive of arguments that would be made that it is not.”

Lubin said that regulators appear to be more focused on another aspect of Ethereum at the moment, noting that people he knows close to the action in Washington D.C. say “most of the focus is on stablecoins right now.”

“Everybody's talking about it, freaking out. Calling for things to be done.”

In a Feb. 9 Twitter thread, Coinbase founder and CEO Brian Armstrong responded to “rumors” that the SEC was thinking to ban retail consumers from staking crypto.

Staking is not a security,” he said, adding it would be a “terrible path for the U.S.” if a staking ban was passed noting it was “a really important innovation in crypto.”

“Hopefully we can work together to publish clear rules for the industry, and come up with sensible solutions that protect consumers while preserving innovation,” Armstrong said.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 11, 2023, 02:03:17 AM
https://news.bitcoin.com/jpmorgan-estimates-ethereum-shanghai-upgrade-might-bring-more-investors-to-stake-in-the-protocol/

JPMorgan Estimates Ethereum Shanghai Upgrade Might Bring More Investors to Stake in the Protocol

JPMorgan, one of the biggest financial institutions in the world, estimates that the arrival of the next Ethereum upgrade, codenamed Shanghai, will bring more investors to stake their funds in the protocol. The firm believes that this number might reach 60% of the ether issued, a number already staked in other blockchain networks.

JPMorgan Expects Ethereum Shanghai Upgrade to Bring More Funds to the Network

A recent report by JPMorgan has revealed that the upcoming Shanghai upgrade, slated to be applied in March, might bring more capital to the network. The investment bank estimates that Shanghai will bring Ethereum’s stake percentage to the number of other popular proof of stake networks have, more than four times the ether currently staked.

The report explained:

Assuming the staking rate converges over time to the 60% average of other large networks, the number of validators could increase from $0.5 million to$ 2.2 million and the annual yield in ETH would fall from 7.4% today to around 5%.

14% of the issuance of ether is currently staked, and cannot be withdrawn until the Shanghai update is finally applied. Other protocols, like Solana and Cardano, have approximately 70% of their issuance staked, according to data from Staking rewards.

New Staking Trends
JPMorgan also elaborated on the destiny of these new funds that they estimate new investors will be staking. The firm believes that most of these funds will go toward platforms such as Lido, which present several benefits when compared to maintaining hardware infrastructure.

The report states these platforms “give liquidity to staking assets that would otherwise be locked into staking contracts by providing an equal amount of derivative token in exchange for ETH, which can be traded.”

As the report suggests, these derivative tokens can be also positioned in different decentralized finance platforms to compound earnings by also staking them. Also, they facilitate bypassing the requirement of staking at least 32 ether, allowing small investors to also participate in protocol validation tasks in staking pools.

Exchanges like Coinbase and Kraken also offer staking services for Ethereum, but regulatory headwinds might thwart these services in the U.S. Kraken recently stopped its staking programs in the U.S. and was fined $30 million by the SEC to settle on charges of offering unregistered staking services. However, users in foreign countries will also be able to stake their ethereum tokens using these services.

This new configuration of the staking panorama, could result in an even higher concentration of funds in fewer hands, bringing concerns about the resilience of these platforms against attacks in the future.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on February 11, 2023, 11:33:50 AM
Quote from: obsidian on February 11, 2023, 01:47:56 AM
Saylor is a clown. It was extremely cringeworthy when he appeared onstage with the other clown Max Keizer who kept yelling "Fuck Elon!". Not a good look at all.

 ;D

Real or not, this is funny!



Ok.

Just funny Saylor is a world class clown, throw in Nayebe Bukele aswell as he made btc legal tender and all other altcoins securities  in the new bill.

Yet you quote bitboy as a reference guide.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 11, 2023, 02:26:38 PM
Saylor not content with leveraging up to buy bitcoin now wants to start trading futures against spot to generate yield.

He wants to go full degen
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 12, 2023, 02:53:48 AM
Quote from: Theoak* on February 11, 2023, 11:33:50 AM
Ok.

Just funny Saylor is a world class clown, throw in Nayebe Bukele aswell as he made btc legal tender and all other altcoins securities  in the new bill.

Yet you quote bitboy as a reference guide.
Bitboy called out SBF / FTX as frauds way before anyone else. I personally was suspicious of SBF the moment I heard about him because I know which tribe he represents. Pure scumbag who was probably injected into crypto via his CEFI connections to discredit and destroy crypto.

Bitboy also regularly calls out dirtbag / greaseball "Dirty Gary Gensler".

Laugh all you want but Bitboy is exposing these frauds. And SBF knows very well who Bitboy is. And most likely also Gary Gensler.

This was before the FTX collapse:

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 12, 2023, 02:57:33 AM
Quote from: Flexacon on February 11, 2023, 02:26:38 PM
Saylor not content with leveraging up to buy bitcoin now wants to start trading futures against spot to generate yield.

He wants to go full degen
He needs help. Also a very sleazy move of him to bad-mouth Ethereum and other cryptos. Many people have a lot invested in these projects - and he'd rather see them lose it all so he can pump his Bitcoin bag. Very low-class individual.

Charles Hoskinson also rubs me the wrong way with his constant badmouthing of Ethereum at every turn. Reeks of desperation. I don't hear much badmouthing coming from Vitalik or Lubin about other projects. They have a lot more class.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: blackpele on February 12, 2023, 03:06:42 AM
Quote from: obsidian on February 12, 2023, 02:57:33 AM
He needs help. Also a very sleazy move of him to bad-mouth Ethereum and other cryptos. Many people have a lot invested in these projects - and he'd rather see them lose it all so he can pump his Bitcoin bag. Very low-class individual.

Charles Hoskinson also rubs me the wrong way with his constant badmouthing of Ethereum at every turn. Reeks of desperation. I don't hear much badmouthing coming from Vitalik or Lubin about other projects. They have a lot more class.

Agree 100%
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 12, 2023, 04:22:43 AM
Quote from: obsidian on February 12, 2023, 02:57:33 AM
He needs help. Also a very sleazy move of him to bad-mouth Ethereum and other cryptos. Many people have a lot invested in these projects - and he'd rather see them lose it all so he can pump his Bitcoin bag. Very low-class individual.

Charles Hoskinson also rubs me the wrong way with his constant badmouthing of Ethereum at every turn. Reeks of desperation. I don't hear much badmouthing coming from Vitalik or Lubin about other projects. They have a lot more class.

Agreed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 12, 2023, 01:05:28 PM
Quote from: Flexacon on February 11, 2023, 02:26:38 PM
Saylor not content with leveraging up to buy bitcoin now wants to start trading futures against spot to generate yield.

He wants to go full degen

He began with an average cost of 13.5k for 500M which would be looking smart today.

Fast forward and his cost is 30k and 30% underwater. It’s like a mental disease took over him. Had he purchased property with all that debt he would be 50%+ up on investment.

If we go sub 10k I wonder what ramifications that will have on his holdings?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on February 12, 2023, 05:01:51 PM
Quote from: obsidian on February 12, 2023, 02:53:48 AM
Bitboy called out SBF / FTX as frauds way before anyone else. I personally was suspicious of SBF the moment I heard about him because I know which tribe he represents. Pure scumbag who was probably injected into crypto via his CEFI connections to discredit and destroy crypto.

Bitboy also regularly calls out dirtbag / greaseball "Dirty Gary Gensler".

Laugh all you want but Bitboy is exposing these frauds. And SBF knows very well who Bitboy is. And most likely also Gary Gensler.

This was before the FTX collapse:



Of course I'm going to laugh because you've been baited by a scammer who was once self proclaimed leader of the xrp army lol. That pathetic meth addict was telling people to buy ftx tokens a year ago while many "OG"s were calling out SBF and crypto casino frauds well before they eventuated.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on February 12, 2023, 05:10:22 PM
Quote from: Mayday on February 12, 2023, 01:05:28 PM
He began with an average cost of 13.5k for 500M which would be looking smart today.

Fast forward and his cost is 30k and 30% underwater. It’s like a mental disease took over him. Had he purchased property with all that debt he would be 50%+ up on investment.

If we go sub 10k I wonder what ramifications that will have on his holdings?

Call it, either he will go down as one of the most idiotic investors of our time or by the time his debt loans materialise (2026-2028?) or he would of pioneered a whole movement and infrastructure for public companies to venture into btc.

I'll call it and say his company(btc holdings) will be one of the most profitable risk adjusted in the space in next 3-5  years.

I believe when he dies he leaves all his btc to his btc learning organisation as he has no kids to pass on his assets.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 13, 2023, 08:07:06 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 13, 2023, 01:12:37 PM
Quote from: gib on February 13, 2023, 08:07:06 AM


Why watch some random clowns video when the actual clown SEC chair has a relevant video on the  subject.

He makes a distinction between how setting up a validator and staking crypto assets yourself does not guarantee a profit (so probably not security) but giving an exchange your crypto that then pools assets from different users together to give a guaranteed staking profit makes it a regulatory risk (security)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 14, 2023, 01:59:31 AM
Quote from: gib on February 13, 2023, 08:07:06 AM

That guy is really pathetic. He sits there with his Bitcoin hat spewing biased nonsense. He mentions Ethereum's hard forks when Bitcoin has also forked many times.

News flash to Bitcoin Maxis. Bitcoin is software and was developed by humans. And developers are going to keep changing Bitcoin. Bitcoin did not start with the Big Bang. It's not some magical entity that's above human intervention.

Bitcoin was created as a response to the financial crisis of 2008/9 and to get the government out of the equation. And now these Bitcoin Maxis are championing a corrupt Tradfi government asshole like Gensler to go after cryptos when he has no business doing so. Bitcoin Maxis suck!

(https://preview.redd.it/4udnsf4paks31.jpg?width=960&crop=smart&auto=webp&v=enabled&s=51b12656e0b2d78eb2cdfe9bc66f6a253d542338)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 14, 2023, 02:01:44 AM
Things Gary Gensler has not protected retail investors from:
- Terra
- FTX
- BlockFi
- Celsius
- Voyager
- HodlNaut
- Grayscale's products
- Countless influencer scams

Things Gary Gensler has protected retail investors from:
- Making money

https://twitter.com/sassal0x/status/1623900553897193477?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1623900553897193477%7Ctwgr%5Ed1c589c772c718477dc5298f98de3aa4e0e93636%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwatcher.guru%2Fnews%2Fcardano-founder-charles-hoskinson-reacts-to-gary-genslers-recent-speech
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 14, 2023, 02:03:39 AM
The whole crypto community should unite against the SEC. Bitcoin Maxis suck for championing the SEC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 14, 2023, 02:05:50 AM
Cardano Founder Charles Hoskinson recently spoke about the SEC’s Gary Gensler’s speech on CNBC about the whole cryptocurrency staking scene. Cryptocurrency exchange Kraken had to reportedly close down its cryptocurrency-staking operations following the charges from the SEC. Kraken also had to pay $30 million in settlement charges.

The SEC stated that the exchange failed to register its staking program, which allows investors to earn a yield. Gensler stated that all these exchanges can easily register by filling out a form on the SEC’s website. Kraken CEO Jesse Powell tweeted about the speech, stating, “Oh man, all I had to do was fill out a form on a website and tell people that staking rewards come from staking?”

Cardano founder says Gensler’s speech is a lie

Hoskinson also stated that there is no way to actually register or comply with cryptocurrency staking with the SEC. He also added that what Gensler said is a lie and that people can spend millions of dollars and years of time and still end up getting no answers.

Some Twitter users also questioned Gary Gensler’s presence in protecting retail investors from the events, including Terra, FTX, BlockFi, Celsius, Voyager, HodlNaut, and others. He also added that the one thing he did was protect retail investors from making money.

https://watcher.guru/news/cardano-founder-charles-hoskinson-reacts-to-gary-genslers-recent-speech
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 14, 2023, 02:13:22 AM
Quote from: Theoak* on February 12, 2023, 05:01:51 PM
Of course I'm going to laugh because you've been baited by a scammer who was once self proclaimed leader of the xrp army lol. That pathetic meth addict was telling people to buy ftx tokens a year ago while many "OG"s were calling out SBF and crypto casino frauds well before they eventuated.
I like Bitboy - he's entertaining. And makes good observations. Nobody is perfect. He's admitted to his drug use, pulled his life together, and became successful. He has a family now. He is getting shit done and has many people working with him. Real big of you to dismiss him because of his past failings. Here's a guy that pulled himself out of the gutter.

Why do Bitcoin Maxis suck so bad? Real judgmental people. Something fucked up with you people. Like a cult. The more I see Bitcoin Maxis the less I want to get involved in Bitcoin. Keep it up, you'll just alienate more people.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 14, 2023, 02:19:27 AM
(https://pbs.twimg.com/media/Fom-Je4XEAEdlIa?format=jpg&name=small)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 15, 2023, 01:57:13 PM
https://www.coindesk.com/consensus-magazine/2023/02/14/why-bitcoin-miners-need-to-take-ethereum-seriously/

Why Bitcoin Miners Need to Take Ethereum Seriously

Far from competitive projects, Bitcoin and Ethereum can work harmoniously together, says Sam Tabar, of Bit Digital.

Maximalist dogma does no one any good.

While much has been written about Bitcoin maximalism’s impact as a cultural force (and its inevitable decline), less has been said about how the ideology drives financial markets – including its influence on deployment decisions for institutional capital. This is worth examining because digital asset allocations may now be poised for a revolutionary shift towards the Ethereum blockchain.

Bitcoin (BTC) miners, in particular, may face a new opportunity as Ethereum’s potential value is unlocked. This opportunity may help offset and reverse the pressured margins that have dominated the sector starting in 2022, and may continue for some time.

Next year, the number of bitcoins that can be mined per block will drop from 6.25 bitcoin to 3.125, making it harder for miners to turn a profit – unless, of course, the BTC price rises and/or network competition declines enough to compensate. Some believe this is exactly what will transpire, and much has been written on the Bitcoin blockchain’s supply/demand mechanism and its impact on mining economics. But from a simplistic, point-in-time perspective, at the exact moment of halvening, miner revenue will be instantly cut in half (assuming all else remains equal, admittedly a big assumption).

Ethereum, at first glance, may seem like an unlikely contender to add value to bitcoin miners. The network’s recent transition to a “proof-of-stake” (PoS) model eliminates the role of mining altogether. However, a PoS model for consensus allows Ethereum validators to receive passive ether (ETH) rewards, something currently not possible with Bitcoin. The mining sector is sitting on massive bitcoin reserves that have limited use as a financial instrument, outside of converting to cash to cover operations, and holding for the long term as bitcoin’s value recovers.

Ethereum’s network and its possibilities, by contrast, are always changing. Ethereum developers have fueled a proliferation of use cases, including the rise of decentralized exchanges (DEX), stablecoins and non-fungible tokens (NFT). Ethereum’s successful transition to PoS (aka “the Merge” in September 2022) marked a major milestone in the history of blockchain. Looking ahead, the network will undergo several new upgrades, including the Shanghai upgrade in March and sharding thereafter (both are expected to ease network congestion and establish the prerequisite for major adoption). The future of Ethereum is more exciting than ever, and the growth of layer 2 systems (i.e., Polygon, ZK rollups, Optimism and Arbitrum, to name a few) will further enhance Ethereum’s scalability.

Despite criticisms of blockchain from certain environmental groups, Ethereum has become increasingly environmentally friendly. Post-Merge, Ethereum’s energy consumption decreased by an estimated 99.95%, and worldwide electricity consumption will be decreased by 0.2%, according to co-founder Vitalik Buterin. Coupled with a prior upgrade, EIP-1559, the Merge dramatically reduced the net issuance of ETH, and many believe ETH supply will be deflationary in the long term. A total of 2.8 million ETH representing $8.8 billion has been burned since the implementation of EIP-1599 in August 2021, increasing the scarcity of ETH, which would also suggest its long-term value.

A PoS blockchain like Ethereum can serve as a welcome complement to bitcoin mining operations. Bitcoin rewards can be converted to ETH, and then staked for rewards. Staked ETH can function like an interest-bearing asset, with balances compounding over time. This creates a flywheel-like effect between the two largest digital assets. From there, miners can devise additional creative ways to derive value. What might initially serve as a treasury management tool could, through innovation and development, become an additional line of business.

Ethereum and Bitcoin both have unique advantages and limitations. Bitcoin is the original proof-of-concept for decentralization, and has proven resilient even amid extreme market conditions that have tested it as a store of value. On the other hand, Ethereum is relatively versatile and encourages innovation. Iterations are being made to Ethereum continuously to extend its functionality and fix its imperfections for its vision of “a digital future on a global scale.” In the future, we expect Bitcoin and Ethereum to both serve integral roles in the global financial system and society at large.

Both concepts, proof-of-work (PoW) and PoS, can work in tandem. Bitcoin miners are in a unique position to realize how the two can complement one another to drive revenue, monetize stranded energy and realize the future of decentralization.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 15, 2023, 06:48:47 PM

The most hated rally is now 24.7k

A move up to 28k a mere walk in the park before the next FOMC meeting.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 15, 2023, 07:24:53 PM
Quote from: Mayday on February 15, 2023, 06:48:47 PM
The most hated rally is now 24.7k

A move up to 28k a mere walk in the park before the next FOMC meeting.

Crypto banks were about to get ground into the dust, but got saved by some kinda rescue package from Citadel, Susquehanna and random wealthy crypto bros.

Binance/CZ is about to get a monster fine in the US for compliance issues. It could be up there in the billions.

Crypto has survived the bear market, but I wouldn't be surprised if this pump ends up being exist liquidity for CZ so he can pay that monster fine.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 16, 2023, 03:14:08 AM
Quote from: Flexacon on February 15, 2023, 07:24:53 PM
Crypto banks were about to get ground into the dust, but got saved by some kinda rescue package from Citadel, Susquehanna and random wealthy crypto bros.

Binance/CZ is about to get a monster fine in the US for compliance issues. It could be up there in the billions.

Crypto has survived the bear market, but I wouldn't be surprised if this pump ends up being exist liquidity for CZ so he can pay that monster fine.

The broader thing at play here is people thinking the lowering of CPI means central bank's next move is a rate cut. Therefore the market's are at the mercy of pricing going upwards because people think QE is due as soon as the Fed pause.

So we have a scenario where 99% say it's going to crash and burn meanwhile they front run the crash and burn and send everything higher. You then have another bunch saying markets are forward looking and pricing in rate cuts so it makes sense pricing goes up.

It will end in being handed a bag of dicks because demand will be crushed much quicker than anything else. It might be 2024 we see an actual market bottom.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 16, 2023, 08:00:36 AM
Quote from: Mayday on February 16, 2023, 03:14:08 AM
The broader thing at play here is people thinking the lowering of CPI means central bank's next move is a rate cut. Therefore the market's are at the mercy of pricing going upwards because people think QE is due as soon as the Fed pause.

So we have a scenario where 99% say it's going to crash and burn meanwhile they front run the crash and burn and send everything higher. You then have another bunch saying markets are forward looking and pricing in rate cuts so it makes sense pricing goes up.

It will end in being handed a bag of dicks because demand will be crushed much quicker than anything else. It might be 2024 we see an actual market bottom.

I'm looking shorter term. DXY is going up and BTC is also going up. It's not a trend that's typically sustainable.

The last 2 times this happened was the Do Kwon pump and the pre covid crash pump.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 16, 2023, 02:10:27 PM
Quote from: Flexacon on February 16, 2023, 08:00:36 AM
I'm looking shorter term. DXY is going up and BTC is also going up. It's not a trend that's typically sustainable.

The last 2 times this happened was the Do Kwon pump and the pre covid crash pump.

Short of someone hitting the launch nuke button, Once this VIX cycle plays out we at least will know where the new baseline is. I’m assuming that would mean the S&P @ 3,800-3,900.

From there it’ll be a harder pump up towards 4,300. BTC will go up with it to 27k-36k.

I’m still following my Feb 0.25%, Mar 0.25%, Apr 0%, May 0.25% timeframe plan. This would mean an upward grind until May FOMC which is a big decision point.

The reality is the pump to 25k barely registers as a pump. 36k is a reasonable target and 42k if we see some FOMO. The gaps are so huge between price levels which is why this will be the most hated rally because shit will explode higher than people expect.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 16, 2023, 10:05:23 PM
Quote from: Mayday on February 16, 2023, 02:10:27 PM
Short of someone hitting the launch nuke button, Once this VIX cycle plays out we at least will know where the new baseline is. I’m assuming that would mean the S&P @ 3,800-3,900.

From there it’ll be a harder pump up towards 4,300. BTC will go up with it to 27k-36k.

I’m still following my Feb 0.25%, Mar 0.25%, Apr 0%, May 0.25% timeframe plan. This would mean an upward grind until May FOMC which is a big decision point.

The reality is the pump to 25k barely registers as a pump. 36k is a reasonable target and 42k if we see some FOMO. The gaps are so huge between price levels which is why this will be the most hated rally because shit will explode higher than people expect.

Agree.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 17, 2023, 07:57:35 AM
Quote from: Mayday on February 16, 2023, 02:10:27 PM
Short of someone hitting the launch nuke button, Once this VIX cycle plays out we at least will know where the new baseline is. I’m assuming that would mean the S&P @ 3,800-3,900.

From there it’ll be a harder pump up towards 4,300. BTC will go up with it to 27k-36k.

I’m still following my Feb 0.25%, Mar 0.25%, Apr 0%, May 0.25% timeframe plan. This would mean an upward grind until May FOMC which is a big decision point.

The reality is the pump to 25k barely registers as a pump. 36k is a reasonable target and 42k if we see some FOMO. The gaps are so huge between price levels which is why this will be the most hated rally because shit will explode higher than people expect.

I think the S&P could go lower. 3800 minimum and maybe even take out the October low.

It's time for my most retarded play ever. Short the S&P (SPX) Long Crypto (BTC)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 19, 2023, 01:54:53 AM
Saylor nails it again:

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 19, 2023, 01:56:14 AM
And again!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 19, 2023, 08:15:31 AM
Bitcoin maxi’s still living in 2016.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on February 19, 2023, 08:36:50 AM
Quote from: Griffith on February 19, 2023, 08:15:31 AM
Bitcoin maxi’s still living in 2016.

Let them. Bitcoin is the only glimmer of hope they have left to ever get out of their shitty lives. ;D (and plenty of scam artists are making a fortune from their desperation)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on February 19, 2023, 09:55:09 AM
Quote from: gib on February 19, 2023, 01:54:53 AM
Saylor nails it again:



This staunch company director will hold stead fast under government pressure. It's different  this time.

https://twitter.com/PinoMichael28/status/1626948399114190851?s=20
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 19, 2023, 05:14:54 PM
This is directly from the SEC website:

https://www.sec.gov/news/speech/speech-hinman-061418

"And so, when I look at Bitcoin today, I do not see a central third party whose efforts are a key determining factor in the enterprise. The network on which Bitcoin functions is operational and appears to have been decentralized for some time, perhaps from inception. Applying the disclosure regime of the federal securities laws to the offer and resale of Bitcoin would seem to add little value.[9] And putting aside the fundraising that accompanied the creation of Ether, based on my understanding of the present state of Ether, the Ethereum network and its decentralized structure, current offers and sales of Ether are not securities transactions. And, as with Bitcoin, applying the disclosure regime of the federal securities laws to current transactions in Ether would seem to add little value. Over time, there may be other sufficiently decentralized networks and systems where regulating the tokens or coins that function on them as securities may not be required."

SEC officials already declared Bitcoin and Ethereum not to be securities. Gary Gensler has never declared Ethereum to be a security. If the SEC now comes out and try to declare it a security, they will lose whatever little credibility they have left. All the Ethereum I have I mined. I worked my ass off to get that Ethereum. Bought mining rigs, upgraded my electrical, HVAC and mechanical systems etc. I had to constantly monitor them and do maintenance. Suffered through hot weather to accumulate it. I have been staking for a while and getting decent returns.

And now I have to pay taxes on that. They have no case with labeling Ethereum as a security. Too many people mined Ethereum just like Bitcoin. The SEC will be sued out of existence. They are supposed to protect investors, not harm them. We all know that's a scam but let's start holding these assholes accountable.

The Ethereum price would currently be a lot higher if it was not for Gensler's baseless, vague staking claims. The tokenomics of Ethereum is now a lot better than Bitcoin's tokenomics.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 19, 2023, 05:24:31 PM
Quote from: gib on February 19, 2023, 01:56:14 AM
And again!


That dude is a clown LMAO! Sitting there with his Bitcoin hat. Less than 10,000 subscribers and he champions the SEC. He is useless to us.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 19, 2023, 11:24:00 PM
Quote from: Flexacon on February 17, 2023, 07:57:35 AM
I think the S&P could go lower. 3800 minimum and maybe even take out the October low.

It's time for my most retarded play ever. Short the S&P (SPX) Long Crypto (BTC)

I’m aware of that guy who had puts at 4050 and bought more at 3950. it’ll be interesting whether he buys puts lower.

If SPX gets wrecked it’ll take crypto and everything else with it. Problem is, with increased prices for 2023 business earnings will be better than people think. I am closing my revenue gaps to budget with higher prices on lower volume. I am also backing China growth from Q2 onwards this year at work (im not seeing any market growth movement in Jan).

Fed is planning to cut rates March 2024 so that pretty much says they’re expecting things to continue to rally for most of this year. Fuck I hope my miners come good lol, come on China!!!! 🇨🇳
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 20, 2023, 06:12:02 AM
Quote from: Mayday on February 19, 2023, 11:24:00 PM
I’m aware of that guy who had puts at 4050 and bought more at 3950. it’ll be interesting whether he buys puts lower.

If SPX gets wrecked it’ll take crypto and everything else with it. Problem is, with increased prices for 2023 business earnings will be better than people think. I am closing my revenue gaps to budget with higher prices on lower volume. I am also backing China growth from Q2 onwards this year at work (im not seeing any market growth movement in Jan).

Fed is planning to cut rates March 2024 so that pretty much says they’re expecting things to continue to rally for most of this year. Fuck I hope my miners come good lol, come on China!!!! 🇨🇳

If Crypto dumps with the SPX then I just roll my SPX short gains into crypto and wait for the epic bounce. I'm hoping Crypto will be able to show some strength after a stock market dump.

China has effectively unbanned crypto as they'll be able to buy via Hong Kong. Potentially a lot of money sidelined there waiting to get involved and now it just got much easier for them. Also if all stablecoins end up getting banned by the US then people either cash out or put it back into crypto (and they'll probably go with bitcoin as it's the least volatile/has less FUD) If we're following the last cycle then this was roughly the time when BTC dominance started rocketing.

ETH has a massive unlock coming up too. Unsure what it will do to its price, but it could dump hard and push BTC price/dominance up.

Do any of your miners give you exposure to the coal? China opening back up will pump those hard.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 20, 2023, 07:55:49 AM
Dude, you are on to it, I'll give you that.

I am closely connected to some big funds, and exactly as you say, they are ALL suddenly very excited about the China market and setting up in Hong Kong. And exactly as you say, they have the inside word that China is going to suddenly go big time into encouraging their citizens to buy Bitcoin (and also Eth by the way according to them). A very different situation from a few years ago. Something seems very changed and about to happen...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 20, 2023, 01:56:46 PM
Quote from: Mayday on February 19, 2023, 11:24:00 PM
I’m aware of that guy who had puts at 4050 and bought more at 3950. it’ll be interesting whether he buys puts lower.

Carl Icahn, famous for saying he makes money from studying natural stupidity.

I wouldn't go short just because he has puts because we don't know his real position. He might be net long and they might just protective puts.

Although retail has piled back into the market and gone long so maybe he's just doing that "trade natural stupidity" thing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 20, 2023, 02:00:30 PM
Quote from: gib on February 20, 2023, 07:55:49 AM
Dude, you are on to it, I'll give you that.

I am closely connected to some big funds, and exactly as you say, they are ALL suddenly very excited about the China market and setting up in Hong Kong. And exactly as you say, they have the inside word that China is going to suddenly go big time into encouraging their citizens to buy Bitcoin (and also Eth by the way according to them). A very different situation from a few years ago. Something seems very changed and about to happen...

June 1st right? It's just BTC and ETH so far and potentially some other large market cap alts, maybe Chinese ones. I'm hopeful for polkadot as most of their 3rd party projects before the ban were happening in China.

It's funny though that China exited crypto basically at the top and used the West as exit liquidity. Now they are looking to get back in near the bottom. Maybe the CCP were safeguarding the wealth of their people.

It's also very easy to forget how different price action was before 2020 when China were the biggest players. The correlation with US equities and DXY moves was no where near as strong as it now.

Time for the West to pump btc to 40k plus and dump on the Chinese  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 20, 2023, 08:58:25 PM
Quote from: Flexacon on February 20, 2023, 06:12:02 AM

Do any of your miners give you exposure to the coal? China opening back up will pump those hard.

No because China unofficially banned coal purchases from Oz a couple of years ago. Coal here is used not just for power but aluminium production.

I’m mostly in for silver miners, I was going to take a position in Copper but I figured there was more room for silver to go up.

I’ll take coal and Nat gas positions once I see oil at the $60 range.

Quote from: gib on February 20, 2023, 07:55:49 AM
Dude, you are on to it, I'll give you that.

I am closely connected to some big funds, and exactly as you say, they are ALL suddenly very excited about the China market and setting up in Hong Kong. And exactly as you say, they have the inside word that China is going to suddenly go big time into encouraging their citizens to buy Bitcoin (and also Eth by the way according to them). A very different situation from a few years ago. Something seems very changed and about to happen...

China run their cycle opposite to the West. China money supply is up 13% and they will up it another 13% this year. Basically 2023 for China will be like 2021 was for us. They’re about to fully open up and get moving so from Q2 onwards I expect to see consumer demand start to pickup.

Yeah I heard they can buy crypto via Hong Kong or something. It could pLay a part in making this the most hated crypto rally.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 20, 2023, 11:00:59 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Prayer Warrior on February 20, 2023, 11:23:46 PM
Quote from: gib on February 19, 2023, 01:54:53 AM
Saylor nails it again:


Off topic: he does that thing where he makes every sentence sound like a question because of intonation
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on February 20, 2023, 11:56:13 PM
Quote from: gib on February 19, 2023, 01:54:53 AM
Saylor nails it again:



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 21, 2023, 01:01:32 AM
Quote from: affeman on February 20, 2023, 11:56:13 PM

Funny but fake. Would love to see a real debate between Saylor and Schiff. Not a fan of Saylor's constant bashing of Ethereum but I would be on his side in a debate with Schiff. I used to like Schiff, but his constant bashing of all things crypto is lame. Gold and silver have been disappointing, barely keeping up with inflation. I bought silver close to 15 years ago and it has only gone up about 1.45x in that timeframe. Gold even less. People following Schiff's advice have seen their buying power stay the same. His investors did not grow their wealth with gold or silver.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on February 21, 2023, 01:45:01 AM
Quote from: obsidian on February 21, 2023, 01:01:32 AM
Funny but fake. Would love to see a real debate between Saylor and Schiff. Not a fan of Saylor's constant bashing of Ethereum but I would be on his side in a debate with Schiff. I used to like Schiff, but his constant bashing of all things crypto is lame. Gold and silver have been disappointing, barely keeping up with inflation. I bought silver close to 15 years ago and it has only gone up about 1.45x in that timeframe. Gold even less. People following Schiff's advice have seen their buying power stay the same. His investors did not grow their wealth with gold or silver.

Yes but folks who put their money into Crypto are gonna lose it all, so keeping your buying power over decades is actually a great success when it comes to an investment.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 21, 2023, 01:55:22 AM
Quote from: affeman on February 21, 2023, 01:45:01 AM
Yes but folks who put their money into Crypto are gonna lose it all, so keeping your buying power over decades is actually a great success when it comes to an investment.
The verdict is out on that. Yes, they could lose much of it. But that's not a fact at this point. You state it with conviction. But you don't know if that will happen.

To develop a decentralized, permissionless asset is not a worthless effort. It takes time and energy to build the network effects that Bitcoin and Ethereum and other blockchains achieved. Bitcoin, Ethereum, and others did not skip a beat during the recent financial turmoil. Transactions were processed, and the system functioned.

The people that bought into them or build them will be the ones that decide if they go to zero. I personally would hold my cryptos to zero if needed. So if I don't sell then it can't truly go to zero. And I am not the only one that thinks this way. Yes, the asset can be volatile. But can it really go to zero at this point, barring the physical destruction of the Earth and humanity? Even Terra Luna and FTX's token did not go to zero.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 21, 2023, 11:26:11 AM
Quote from: obsidian on February 20, 2023, 11:00:59 PM


Good video. Likeable guys too (no homo)

Cowen called the bottom on Tesla and Meta for his paid members.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 23, 2023, 03:02:07 AM
Quote from: Flexacon on February 21, 2023, 11:26:11 AM
Good video. Likeable guys too (no homo)

Cowen called the bottom on Tesla and Meta for his paid members.

Cowen I liked initially but he was very much a ‘win, lose or draw’ which is fucking pointless. If he wants to be a big brain maths guy, put your balls on the line and prove it works.


Anyhoo, here is nat gas…. Not yet printing a bottom but it’s getting close.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 24, 2023, 10:11:09 AM
US Department of Justice refers to BTC and ETH as 'commodities' in the FTX case.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 26, 2023, 08:07:00 PM


my Twitter feed had the usual bearish stuff going on but now a few good players are saying market is fucked and going to Hades right now. As in, imminent and immediate bus to Hades.

I see the S&P bounced off the 200D so it looks to me that a retest of the 200D is what we get followed by a continuation of the rally.

If we do see a biblical crash it’ll mean everyone picked it and this time the minority like me were the degenerate spastics.

I take this as an opportunity to see whether I am in the matrix or not. I should be wrong if I am in the Matrix.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 27, 2023, 12:52:17 PM
Quote from: Mayday on February 26, 2023, 08:07:00 PM

my Twitter feed had the usual bearish stuff going on but now a few good players are saying market is fucked and going to Hades right now. As in, imminent and immediate bus to Hades.

I see the S&P bounced off the 200D so it looks to me that a retest of the 200D is what we get followed by a continuation of the rally.

If we do see a biblical crash it’ll mean everyone picked it and this time the minority like me were the degenerate spastics.

I take this as an opportunity to see whether I am in the matrix or not. I should be wrong if I am in the Matrix.

Look at the S&P on the weekly and 200D. The sideway market barely looks like it's even halfway.

One more shake out/bull trap in March so back up to 4100-4200 (will sell crypto) and then back down
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Prayer Warrior on February 27, 2023, 02:28:14 PM
What are the odds btc goes below 10k in 2023?
What about below 5k?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: BossBoss on February 27, 2023, 02:37:21 PM
Quote from: Prayer Warrior on February 27, 2023, 02:28:14 PM
What are the odds btc goes below 10k in 2023?
What about below 5k?

The chance is 50\50 that it goes up ore down.. below 10k ore below 5k i don't know..unlikely in my opinion. Maybe a 10% Chance..Long Term it will propably go higher than it is now..(logic)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 28, 2023, 08:04:07 AM
Quote from: Prayer Warrior on February 27, 2023, 02:28:14 PM
What are the odds btc goes below 10k in 2023?
What about below 5k?

Highly unlikely.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 28, 2023, 01:41:08 PM
Quote from: Flexacon on February 27, 2023, 12:52:17 PM
Look at the S&P on the weekly and 200D. The sideway market barely looks like it's even halfway.

One more shake out/bull trap in March so back up to 4100-4200 (will sell crypto) and then back down

Cheers. Will take your advise.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 01, 2023, 05:12:13 PM
Quote from: Mayday on February 28, 2023, 01:41:08 PM
Cheers. Will take your advise.

SPX looks crazy weak. Could drop to 3900 this week and then maybe a relief rally. Breaking 4020 and staying there looks key to moving up further. Fail to do that then down trend probably continues.

Mtgox bitcoin could be hitting the market this month and a mammoth ETH unlock is coming up. Oh and Silvergate bank which is the main crypto bank is close to hitting the shitter. It's gonna be peak FUD soon. Prices aren't dumping which is is encouraging, but I'm not waiting around to find out.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 03, 2023, 03:57:53 AM
Quote from: Flexacon on March 01, 2023, 05:12:13 PM
SPX looks crazy weak. Could drop to 3900 this week and then maybe a relief rally. Breaking 4020 and staying there looks key to moving up further. Fail to do that then down trend probably continues.

Mtgox bitcoin could be hitting the market this month and a mammoth ETH unlock is coming up. Oh and Silvergate bank which is the main crypto bank is close to hitting the shitter. It's gonna be peak FUD soon. Prices aren't dumping which is is encouraging, but I'm not waiting around to find out.

Sold 85% of my crypto last night. Got 2.5x from my entry. The rest can hedge upside and be long term if for some reason we have a pullback

Lots of FUD. Been getting louder as we rallied.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 07, 2023, 10:34:35 PM
Mini SPX bull trap looks complete. Probably more downs until mid March and then an even bigger bull trap.

Market is too choppy to play though unless you can sit in front of a screen all day and watch the charts. The 0dte manipulation going on is insane clown market stuff, but it's very easy to scalp.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 08, 2023, 01:53:27 AM
Quote from: Flexacon on March 07, 2023, 10:34:35 PM
Mini SPX bull trap looks complete. Probably more downs until mid March and then an even bigger bull trap.

Market is too choppy to play though unless you can sit in front of a screen all day and watch the charts. The 0dte manipulation going on is insane clown market stuff, but it's very easy to scalp.

You see Jerome Powell’s grilling today?

US senate laying the groundwork for the next big stimmy program. It was all ‘you’re going after people’s jobs’ over and over again. The US govt will jump into save American jobs in 2024 and pump in stimmy like there’s no tomorrow.

Imagine the total coincidence that the US sanctions China and then needs to pump in godly wads of cash to build infrastructure locally which just to happens to be when the US economy is in a huge decline……. The irony is average Joe yells manipulation all the time yet they think this is the Fed and US govt out of control….. 👀

Straight out of history’s playbook.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 08, 2023, 02:39:22 AM
Quote from: Mayday on March 08, 2023, 01:53:27 AM
You see Jerome Powell’s grilling today?

US senate laying the groundwork for the next big stimmy program. It was all ‘you’re going after people’s jobs’ over and over again. The US govt will jump into save American jobs in 2024 and pump in stimmy like there’s no tomorrow.

Imagine the total coincidence that the US sanctions China and then needs to pump in godly wads of cash to build infrastructure locally which just to happens to be when the US economy is in a huge decline……. The irony is average Joe yells manipulation all the time yet they think this is the Fed and US govt out of control….. 👀

Straight out of history’s playbook.

Yeah I saw it. He's got another one today.

Warren true to form was asking all the dumb questions and it was ridiculous that they kept asking him about crypto.

I don't know how much of an influence the senate will have on Powell, but Powell isn't afraid of stimmy/money printing so I wouldn't be surprised if we end up there. I'd actually say it's inevitable.

Recession/high unemployment in early 2024, DXY over 110 and then the money printer eventually fires up to take the markets to new ATH. Just gotta remember the markets will probably bottom several months after a FED pivot.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: lordantonius on March 09, 2023, 06:24:51 AM
We aren’t getting a money printer

We are getting ww 3 go distract us and bring us back to the mean through violence

One of the most powerful statements I’ve heard was btc is proof of work eth proof of stake and US dollar proof a violence
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 09, 2023, 06:51:03 AM
Quote from: lordantonius on March 09, 2023, 06:24:51 AM
We aren’t getting a money printer

We are getting ww 3 go distract us and bring us back to the mean through violence

One of the most powerful statements I’ve heard was btc is proof of work eth proof of stake and US dollar proof a violence

Covid, lockdowns and all that nonsense did what any potential WWIII would have done and that's push deglobalization.

Deglobalization results in the return of manufacturing and new infrastructure projects. Coincidently there will soon be millions of unemployed people desperate for jobs. I wonder where they might be able find employment...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 09, 2023, 02:55:55 PM
Quote from: lordantonius on March 09, 2023, 06:24:51 AM
We aren’t getting a money printer

We are getting ww 3 go distract us and bring us back to the mean through violence

One of the most powerful statements I’ve heard was btc is proof of work eth proof of stake and US dollar proof a violence

we need unemployment to break and the economy will shortly follow. The Fed has been super clear on this for some time.

The golden rule I repeat often is we need a deflationary event to trigger an inflationary policy. We had the pandemic (deflation) which then lead to stimmy bucks (inflation). Now, we are waiting for the deflationary event which will be The outcome of the Fed targeting unemployment as they will overtighten (on purpose).

The senate was busy paying the groundwork for their future fiscal spending with this week’s grilling of Powell over the Fed wanting people to lose their jobs.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 09, 2023, 02:59:34 PM
Quote from: Flexacon on March 09, 2023, 06:51:03 AM
Covid, lockdowns and all that nonsense did what any potential WWIII would have done and that's push deglobalization.

Deglobalization results in the return of manufacturing and new infrastructure projects. Coincidently there will soon be millions of unemployed people desperate for jobs. I wonder where they might be able find employment...

100%

Local infrastructure and manufacturing stimmy is the next boom. We will go back to locally sourced and produced goods and right now not much of it exists because of offshoring decades ago. We have to rebuild it all now.

Did you see Silvergate go into liquidation? Saylor’s collateral should go bye bye, will be interesting to see Microstategy’s BTC balance in their Q1 report because he sure as shit doesn’t have the 200M+ in cash to cover the loan, it was all BTC collateral.

Oh and apparently the hacker and mt gox coins have started to move.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on March 09, 2023, 03:08:21 PM
Breaking News: New York Attorney General Alleges Ether Is a Security in KuCoin Lawsuit

If this move has similar effects on Ethereum to what the SEC vs Ripple lawsuit has had on XRP, it can be a deathblow to Ethereum.

https://www.coindesk.com/policy/2023/03/09/new-york-attorney-general-sues-crypto-exchange-kucoin-alleges-ether-is-a-security/ (https://www.coindesk.com/policy/2023/03/09/new-york-attorney-general-sues-crypto-exchange-kucoin-alleges-ether-is-a-security/)

https://www.reuters.com/legal/new-york-sues-kucoin-expands-cryptocurrency-crackdown-2023-03-09/ (https://www.reuters.com/legal/new-york-sues-kucoin-expands-cryptocurrency-crackdown-2023-03-09/)

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: lordantonius on March 09, 2023, 04:31:51 PM
They are going to war against crypto

I don’t know how they think they can keep their Ponzi going more than another 5-10 years. The us is doomed. The raising retirement age in France and the riots that didn’t do shit should tell you.

Just keep stacking. The us is a business that is dying and my kids may one day live under another flag if this cesspool doesn’t look in the mirror.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 09, 2023, 05:29:40 PM
Quote from: OneMoreRep on March 09, 2023, 03:08:21 PM
Breaking News: New York Attorney General Alleges Ether Is a Security in KuCoin Lawsuit

If this move has similar effects on Ethereum to what the SEC vs Ripple lawsuit has had on XRP, it can be a deathblow to Ethereum.

"1"

They flip flop over this when they want extra weight in an argument then flip back once it’s over.

Funny how this comes out the moment BTC is rejected at 25k and currently sits at support.

I’m surprised we haven’t lost 19.7k given the shitstorm Silvergate has brought and they haven’t liquidated yet as far as I’m aware.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on March 09, 2023, 05:52:42 PM
Quote from: Mayday on March 09, 2023, 05:29:40 PM
They flip flop over this when they want extra weight in an argument then flip back once it’s over.

Funny how this comes out the moment BTC is rejected at 25k and currently sits at support.

I’m surprised we haven’t lost 19.7k given the shitstorm Silvergate has brought and they haven’t liquidated yet as far as I’m aware.

Call me crazy, but I have a feeling after all of this is said and done, $BTC will go under $10K and $ETH will be around $400, if not less.

Also, I have a feeling that the SEC vs Ripple case will settle and with added clarity to $XRP (not being a security), we will see some ridiculous price action of upwards of $20/XRP or more. If most tokens get deemed a security and XRP stands as a non-security, along with Bitcoin, I have a feeling VC money will pour heavily into XRP. Not to mention that seeing Brad Garlinghouse all cozied up at the most recent World Economic Forum meetings at Davos really made me lose much doubt as to whether they have a place at the big boy table.

MayDay, Flex and the rest of the crypto tribe here on GetBig, what are your top 5 coins that you're getting behind?

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on March 09, 2023, 05:59:46 PM
Quote from: Mayday on March 08, 2023, 01:53:27 AM
You see Jerome Powell’s grilling today?

US senate laying the groundwork for the next big stimmy program. It was all ‘you’re going after people’s jobs’ over and over again. The US govt will jump into save American jobs in 2024 and pump in stimmy like there’s no tomorrow.

Imagine the total coincidence that the US sanctions China and then needs to pump in godly wads of cash to build infrastructure locally which just to happens to be when the US economy is in a huge decline……. The irony is average Joe yells manipulation all the time yet they think this is the Fed and US govt out of control….. 👀

Straight out of history’s playbook.

What I saw was comedy, Ghetto rat Congresswoman acting like they had an idea of how financial markets work.😂😂😂
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 09, 2023, 08:35:41 PM
Quote from: OneMoreRep on March 09, 2023, 03:08:21 PM
Breaking News: New York Attorney General Alleges Ether Is a Security in KuCoin Lawsuit

If this move has similar effects on Ethereum to what the SEC vs Ripple lawsuit has had on XRP, it can be a deathblow to Ethereum.

https://www.coindesk.com/policy/2023/03/09/new-york-attorney-general-sues-crypto-exchange-kucoin-alleges-ether-is-a-security/ (https://www.coindesk.com/policy/2023/03/09/new-york-attorney-general-sues-crypto-exchange-kucoin-alleges-ether-is-a-security/)

https://www.reuters.com/legal/new-york-sues-kucoin-expands-cryptocurrency-crackdown-2023-03-09/ (https://www.reuters.com/legal/new-york-sues-kucoin-expands-cryptocurrency-crackdown-2023-03-09/)

"1"

They believe proof of stake now means people expect profit on ETH via staking, so are trying to paint it as a security. There are plenty of valid arguments why that's not the case. It was even discussed a few pages back on here.

Worst case scenario ETH is classed a security and the founders and foundation pay a big fine. Won't kill ETH, it will just be something different.

ETH can always roll back to proof of work if things get really bad.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 09, 2023, 08:49:07 PM
Quote from: Mayday on March 09, 2023, 02:59:34 PM
100%

Local infrastructure and manufacturing stimmy is the next boom. We will go back to locally sourced and produced goods and right now not much of it exists because of offshoring decades ago. We have to rebuild it all now.

Did you see Silvergate go into liquidation? Saylor’s collateral should go bye bye, will be interesting to see Microstategy’s BTC balance in their Q1 report because he sure as shit doesn’t have the 200M+ in cash to cover the loan, it was all BTC collateral.

Oh and apparently the hacker and mt gox coins have started to move.

Saylor mentioned something about his loan not being issue if silvergate get liquidated as the loan terms can shift to a different provider. Didn't really make much sense because as you mention it was all BTC collateral and who will want to take on that bag of shit in this market.

Margin on everything took a big hike too after yesterdays/todays market dump. He can't be sitting comfortably.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 09, 2023, 09:33:50 PM
Quote from: OneMoreRep on March 09, 2023, 05:52:42 PM
Call me crazy, but I have a feeling after all of this is said and done, $BTC will go under $10K and $ETH will be around $400, if not less.

Also, I have a feeling that the SEC vs Ripple case will settle and with added clarity to $XRP (not being a security), we will see some ridiculous price action of upwards of $20/XRP or more. If most tokens get deemed a security and XRP stands as a non-security, along with Bitcoin, I have a feeling VC money will pour heavily into XRP. Not to mention that seeing Brad Garlinghouse all cozied up at the most recent World Economic Forum meetings at Davos really made me lose much doubt as to whether they have a place at the big boy table.

MayDay, Flex and the rest of the crypto tribe here on GetBig, what are your top 5 coins that you're getting behind?

"1"

I made a case for buying coinbase stock instead of alts previously and I think the case for it has actually got stronger. It's basically an ETF for crypto and they are adding Base which will give them an exchange built on roll up that can offer binance type services. They also launched a wallet with similar features to metamask.

I'm also pretty keen on Stacks STX. It's been around a while, but a recent upgrade has given it far more utility. The market seems to have over looked the fact that it's the only ALT that's a BTC layer 2 so pretty much has no direct competition.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: lordantonius on March 09, 2023, 09:36:49 PM
Quote from: Flexacon on March 09, 2023, 09:33:50 PM
I made a case for buying coinbase stock instead of alts previously and I think the case for it has actually got stronger. It's basically an ETF for crypto and they are adding Base which will give them an exchange built on roll up that can offer binance type services. They also launched a wallet with similar features to metamask.

I'm also pretty keen on Stacks STX. It's been around a while, but a recent upgrade has given it far more utility. The market seems to have over looked the fact that it's the only ALT that's a BTC layer 2 so pretty much has no direct competition.

Good point. I think that coinbase has a strong position in the us and that this is a good strategy. Going to start a bag.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 10, 2023, 12:21:25 PM
Quote from: lordantonius on March 09, 2023, 09:36:49 PM
Good point. I think that coinbase has a strong position in the us and that this is a good strategy. Going to start a bag.

I'd be careful about jumping into anything right now. You have the SEC going after everyone, regulations looming and contagion from the banks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on March 10, 2023, 12:29:28 PM
Quote from: Flexacon on March 10, 2023, 12:21:25 PM
I'd be careful about jumping into anything right now. You have the SEC going after everyone, regulations looming and contagion from the banks.

Bingo!

I was leaning towards DCA'ing into some of the more utility driven crypto tokens. A lot of these tokens are going on discount during these times and will likely go deeper on their prices.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 10, 2023, 05:20:08 PM
Quote from: OneMoreRep on March 10, 2023, 12:29:28 PM
Bingo!

I was leaning towards DCA'ing into some of the more utility driven crypto tokens. A lot of these tokens are going on discount during these times and will likely go deeper on their prices.

"1"

I sold 85% which put me at 2.5x and left the balance as a hedge.

I’m not looking to buy right now. BTC might range 19.2k-21k for a bit before deciding whether to pump or dump.

Voyager have almost liquidated their holdings. Still some to go.

My Gox coin sales have been delayed to September….. 👀 

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 10, 2023, 09:42:28 PM
Circle (USDC) had a decent chunk of money in SVB. They should be able to eat the loss, but there will be people who try attack it now and depeg it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: lordantonius on March 11, 2023, 07:55:20 AM
I feel like this won't end well for the government. This is not online poker.

I get angry when I think about how the US government is against everything I enjoy - gear, online poker, crypto, weed, mushrooms, - it makes me feel as if there really is a force of control on us. They don't want us to make it out of the matrix or whatever you want to call this social confinement. Its really troubling if you have had your passions taken away like this only to see them come back monetized and now taxed to death.

Anyways - Im still really bullish on crypto provided its POW - LTC BTC is majority of holdings right now. I have small play in AVAX that is longer term as I look for that 6x.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 11, 2023, 04:35:06 PM
Many people bought BTC as a hedge against collapsing banks. Now their time may have come...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on March 12, 2023, 03:03:21 AM
Quote from: gib on March 11, 2023, 04:35:06 PM
Many people bought BTC as a hedge against collapsing banks. Now their time may have come...

Another shitcoiner delt a blow shitting all over btc to pump their centralised tokens.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 12, 2023, 10:51:29 PM
CZ (binance) is gonna market buy a $billion worth of BTC, ETH and BNB https://twitter.com/cz_binance/status/1635131601884700674

$billions of USDC that depegged and was frozen over the weekend is now probably looking for a new home. so either convert to fiat, tether or btc/alts.

CZ just incentivised all that money to front run him. We're in squeeze territory if other markets don't nuke
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 13, 2023, 05:22:07 AM
BTC jumped today.

Just giving us a little reminder of where money will go for a safe haven if there really ever is a banking contagion collapse...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: The Keto Kid on March 13, 2023, 09:21:48 AM
Shot up 17%, bought some last week when it was low, pleasant surprise today, I'll be selling by the end of today maybe tomorrow at the latest.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 13, 2023, 08:09:23 PM
Quote from: The Keto Kid on March 13, 2023, 09:21:48 AM
Shot up 17%, bought some last week when it was low, pleasant surprise today, I'll be selling by the end of today maybe tomorrow at the latest.

In my view not much point in "trading". BTC is a long term 1 way bet, but with bumps along the way. Buy and HODL is my advice. You will be grateful you did in 5 years, and look back with huge regret in 10 years if you don't...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 14, 2023, 04:13:48 AM
If BTC was going to make a run for it i had 30k in March. It's having trouble breaking above 25k but lets see.

I have the Fed rates at 5.33% in May which is 2 more rate hikes of 0.25%. I believe the Fed then holds rates to November or so for maximum pain.

Market now thinks 5.1% peak (it's come down from 6%) and cuts in July...... wishful thinking on cuts.....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on March 14, 2023, 04:39:23 AM
Quote from: Mayday on March 14, 2023, 04:13:48 AM
If BTC was going to make a run for it i had 30k in March. It's having trouble breaking above 25k but lets see.

Since I started following BTC and ETH several years ago, I've noticed that their value moves with the value of the stock market, not opposite the stock market as it might have many years ago.

So my theory is that the value of BTC and ETH will shoot up again in the next stock bull market.

But in the end...

(https://askjaenergydotcom.files.wordpress.com/2016/07/bogle-vanguard-nobody-knows-nothing.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on March 14, 2023, 04:45:46 AM
It seems at the moment any association with crypto is viewed as toxic by banks, their customers and investors.

Regulators seize Signature Bank in third-largest US bank failure

Regulators seized New York regional bank Signature Bank (SBNY) two days after shutting down Silicon Valley Bank as overseers of the banking system try to restore calm before markets open Monday.

Signature becomes the third-largest bank to ever fail in the U.S., behind Silicon Valley Bank and Washington Mutual in 2008, if its assets haven't changed significantly since the end of 2022. Signature had $110 billion in assets as of Dec. 31, ranking 29th among U.S. banks. It had $88 billion in deposits as of that date, and approximately 89.7% were not insured by the Federal Deposit Insurance Corporation.

Signature served clients in the cryptocurrency world and had been trying to reduce its exposure. Like Silvergate Bank, another crypto-friendly bank that said last week it would voluntarily wind itself down, it suffered from a deposit outflow in the aftermath of the collapse of crypto exchange FTX. Deposits dropped 17% in the fourth quarter of 2022 as compared to the year-earlier period.

The value of some of its securities had also dropped in value due to a rapid rise in interest rates over the last year, a development that also created problems for Silicon Valley Bank once depositors at that California bank began withdrawing money.

Signature tried last week to restore confidence in its position as investors punished regional bank stocks, releasing a filing that stated it had "a strong, well-diversified financial position" and reiterating the company's intent to reduce its exposure to cryptocurrency customers. Its shares sold off more than 20% Friday, and were down 76% over the past year.

https://finance.yahoo.com/news/regulators-seize-signature-bank-in-third-largest-us-bank-failure-231404695.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 14, 2023, 12:53:34 PM
Quote from: loco on March 14, 2023, 04:39:23 AM
Since I started following BTC and ETH several years ago, I've noticed that their value moves with the value of the stock market, not opposite the stock market as it might have many years ago.

So my theory is that the value of BTC and ETH will shoot up again in the next stock bull market.

But in the end...

A few years ago it didn’t follow the stock market.

This cycle it did follow the stock market. Therefore they had something in common = liquidity.

We have liquidity coming into the markets in 2023-24 so we could see crypto begin to do its own thing. The short term commonality is shit is breaking so everything is getting nervous.

Also short term BTD dominance tapped 45% and started getting sold off. It’s not always a given but when you see dominance tap out and begin to rotate it means rotation into shitcoins while BTC dumps. Hence I left my hedge of pieces of total garbage coins in play which hadn’t yet pumped because rotation hasn’t begun yet.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on March 15, 2023, 04:27:02 AM
Quote from: Mayday on March 14, 2023, 12:53:34 PM
A few years ago it didn’t follow the stock market.

This cycle it did follow the stock market.

I assume you are referring to crypto following the stock market downward in the last couple of stock market crashes and in the current bear market.

But in my opinion crypto seems to also have followed the stock market upward during the last bull market, which was the longest lasting bull market in the history of the stock market.

But I could be mistaken.  I've been paying attention to the stock market since 2008, but I've only started paying attention to crypto the last several years.  I'm only sharing my observation, and I'm by no means a crypto expert like other Getbiggers here.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 15, 2023, 07:29:29 AM
Wow some serious bank run fears bubbling along today both in Europe and USA. Where to put your money when you no longer trust banks (and when you no longer trust money to hold its value)... BITCOIN.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on March 15, 2023, 11:35:07 AM
Quote from: gib on March 15, 2023, 07:29:29 AM
Wow some serious bank run fears bubbling along today both in Europe and USA. Where to put your money when you no longer trust banks (and when you no longer trust money to hold its value)... BITCOIN.

Yes, but with which crypto exchange?  One too many have already collapsed and people were unable to withdraw/transfer their crypto.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 15, 2023, 11:39:35 AM
Quote from: loco on March 15, 2023, 11:35:07 AM
Yes, but with which crypto exchange?  One too many have already collapsed and people were unable to withdraw/transfer their crypto.
Exchanges and banks should at the very least match their customers' funds. Would be great to see an exchange or bank allow a complete run on the bank and survive. That would instill confidence in customers. Banks and exchanges' main business model should be to be able to survive a 100% run on the bank.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 15, 2023, 12:37:58 PM
Quote from: loco on March 15, 2023, 04:27:02 AM
I assume you are referring to crypto following the stock market downward in the last couple of stock market crashes and in the current bear market.

But in my opinion crypto seems to also have followed the stock market upward during the last bull market, which was the longest lasting bull market in the history of the stock market.

But I could be mistaken.  I've been paying attention to the stock market since 2008, but I've only started paying attention to crypto the last several years.  I'm only sharing my observation, and I'm by no means a crypto expert like other Getbiggers here.


You missed my part about liquidity which was commonality between the two moving together. The point being, they move together only when there is a reason for them to move together. Where they don’t have common ground, they do their own thing

Crypto should not act like a tech stock if it is claiming to be a monetary tool.

If it’s still following the S&P then what you should consider is always SVB the first sign of a liquidity crunch for tech startups. If it is then with 2 more rate hikes and no cuts until end of year we might see a total bloodbath in tech in which case crypto will go with it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: dunkin donuts on March 15, 2023, 04:00:38 PM
Quote from: gib on March 15, 2023, 07:29:29 AM
Wow some serious bank run fears bubbling along today both in Europe and USA. Where to put your money when you no longer trust banks (and when you no longer trust money to hold its value)... BITCOIN.
physical gold if you are smart
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 15, 2023, 06:32:53 PM
Quote from: dunkin donuts on March 15, 2023, 04:00:38 PM
physical gold if you are smart

Try carrying that gold across and boarder or subdividing it into exchangeable pieces or sending it to relatives across the world or storing it in a way it cannot be confiscated, or buying what is actually Tungsten coated in gold and then see how smart you are ... :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 15, 2023, 06:34:11 PM
Quote from: loco on March 15, 2023, 11:35:07 AM
Yes, but with which crypto exchange?  One too many have already collapsed and people were unable to withdraw/transfer their crypto.

This has already been answered soooooo many times.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: DooM_ on March 15, 2023, 09:48:50 PM
the usual   '' doom and gloom ''  comments in this thread . . .
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: dunkin donuts on March 16, 2023, 12:09:38 AM
Quote from: gib on March 15, 2023, 06:32:53 PM
Try carrying that gold across and boarder or subdividing it into exchangeable pieces or sending it to relatives across the world or storing it in a way it cannot be confiscated, or buying what is actually Tungsten coated in gold and then see how smart you are ... :)
Why would I want to do any of that retarded shit
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on March 16, 2023, 05:00:43 AM
Quote from: gib on March 15, 2023, 06:34:11 PM
This has already been answered soooooo many times.

I don't read every post in this thread, and I don't need an answer.  It was a rhetorical question, to make the point that crypto isn't that much safter than bank deposits.

Bank deposits are at least FDIC insured up to $250,000 per depositor, per insured bank, for each account ownership category.

Crypto cold storage?  Risky as well for so many reasons.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 16, 2023, 08:34:40 AM
Quote from: loco on March 16, 2023, 05:00:43 AM
I don't read every post in this thread, and I don't need an answer.  It was a rhetorical question, to make the point that crypto isn't that much safter than bank deposits.

Bank deposits are at least FDIC insured up to $250,000 per depositor, per insured bank, for each account ownership category.

Crypto cold storage?  Risky as well for so many reasons.

Dude, really? Think about what you just said for a moment...

Bank deposits are insured for money (up to 250K), OF WHICH THE TREASURY CAN INFINITELY PRINT....

In other words, infinitely devalue.

Bitcoin is our protection against that...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on March 16, 2023, 11:05:09 AM
Quote from: gib on March 16, 2023, 08:34:40 AM
Dude, really? Think about what you just said for a moment...

Bank deposits are insured for money (up to 250K), OF WHICH THE TREASURY CAN INFINITELY PRINT....

In other words, infinitely devalue.

Bitcoin is our protection against that...

Why would the treasury print more money for that?  The money would come from the fees that banks pay into the Deposit Insurance Fund.  They'd just be moving money that already exists.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ROBOAK on March 16, 2023, 11:40:28 AM
gib is a grifter and a bullshit artist, im not shitting on bitcoin, i understand the value of protection from inflation and counter fitting, i used to work as a driver  for an escort agency and the girls would take every penny they made at the end of the night and dump it all in to a bit coin  ATM and that could be any where from $5000 to $100,000 in just one night


that being said , bit coin is real, but it does also get used as a ponzi/pyramid scheme by guys like gib to pump up the bottem
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: GymnJuice on March 16, 2023, 02:24:05 PM
Quote from: HOWOAK on March 16, 2023, 11:40:28 AM
gib is a grifter and a bullshit artist, im not shitting on bitcoin, i understand the value of protection from inflation and counter fitting, i used to work as a driver  for an escort agency and the girls would take every penny they made at the end of the night and dump it all in to a bit coin  ATM and that could be any where from $5000 to $100,000 in just one night


that being said , bit coin is real, but it does also get used as a ponzi/pyramid scheme by guys like gib to pump up the bottem

Are they hiring? I know a guy with a BMW...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on March 16, 2023, 02:29:55 PM
Quote from: gib on March 16, 2023, 08:34:40 AM


Bitcoin Gold and silver and lead is our protection against that...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 16, 2023, 06:29:32 PM
Quote from: loco on March 16, 2023, 11:05:09 AM
Why would the treasury print more money for that?  The money would come from the fees that banks pay into the Deposit Insurance Fund.  They'd just be moving money that already exists.

Yes, you are sort of right with the point you make here. The problem occurs when the total funds they have from deposits exceeds the amounts they need to pay out. That is when the money printing starts. Either way, with Bitcoin you self custody. With cash you take counterparty risk. With Bitcoin you can self store store any amount. With cash, not only do you have counterparty risk, but its capped at 250K.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 16, 2023, 06:31:18 PM
Quote from: HOWOAK on March 16, 2023, 11:40:28 AM
gib is a grifter and a bullshit artist, im not shitting on bitcoin, i understand the value of protection from inflation and counter fitting, i used to work as a driver  for an escort agency and the girls would take every penny they made at the end of the night and dump it all in to a bit coin  ATM and that could be any where from $5000 to $100,000 in just one night


that being said , bit coin is real, but it does also get used as a ponzi/pyramid scheme by guys like gib to pump up the bottem

Bitcoin is not a Ponzi scheme as the ledger is public, and every single block from the outset needs to be mined. But yes, Bitcoin (just like cash) can be used in a Ponzi scheme. Its important to learn the difference.

As for those whores who were putting money into Bitcoin, hats off to them. Smart ladies.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ROBOAK on March 16, 2023, 07:07:59 PM
Quote from: gib on March 16, 2023, 06:31:18 PM
Bitcoin is not a Ponzi scheme as the ledger is public, and every single block from the outset needs to be mined. But yes, Bitcoin (just like cash) can be used in a Ponzi scheme. Its important to learn the difference.

As for those whores who were putting money into Bitcoin, hats off to them. Smart ladies.

 ::)   i did not say bit coin is a ponzi scheme


i said "YOU" are the ponzi scheme

i know the differance....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 16, 2023, 08:29:09 PM
Quote from: HOWOAK on March 16, 2023, 07:07:59 PM
::)   i did not say bit coin is a ponzi scheme


i said "YOU" are the ponzi scheme

i know the differance....

I think you are confusing concept. A Ponzi scheme is an abstract concept, not capable of being a person. However, a person can engage in Ponzi scheme. Maybe that's what you mean. If so, bear in mind that Bitcoin is in itself a bearer instrument, so in the case of Bitcoin, if you are buying and holding in self custody, you guarantee yourself that you are not being scammed in a Ponzi scheme. Remember, the Bitcoin ledger is public, decentralized and immutable.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ROBOAK on March 16, 2023, 08:42:58 PM
Quote from: gib on March 16, 2023, 08:29:09 PM
I think you are confusing concept. A Ponzi scheme is an abstract concept, not capable of being a person. However, a person can engage in Ponzi scheme. Maybe that's what you mean. If so, bear in mind that Bitcoin is in itself a bearer instrument, so in the case of Bitcoin, if you are buying and holding in self custody, you guarantee yourself that you are not being scammed in a Ponzi scheme. Remember, the Bitcoin ledger is public, decentralized and immutable.

i bet you have 100 different accounts spread out on various chat forums where you pump bit coin,      you're just making your rounds....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 16, 2023, 09:05:13 PM
https://blockworks.co/news/australian-bank-nab-stablecoin-ethereum

‘Big Four’ Australian Bank Issues Stablecoin On Ethereum
With its recent stablecoin pilot, NAB joins a growing list of major financial institutions to use the Ethereum blockchain

One of Australia’s ‘big four’ banks says it has completed its first intra-bank cross-border transaction using its own stablecoin via Ethereum.

The transaction, part of a National Australia Bank (NAB) pilot for an AUD-backed stablecoin, involved deploying stablecoin smart contracts for seven major global currencies, showcasing the potential to shorten cross-border transactions from days to minutes.

NAB intends to issue its stablecoin under the ticker “AUDN,” which will be managed as a liability on its books. The firm further plans to enable transactions for the Australian, New Zealand, Singapore and US dollars, as well as the euro, yen and pound sterling.

Digital asset infrastructure provider Fireblocks and fintech platform Blockfold assisting with the smart contracts, direct custody of the tokens (alongside minting and burning). NAB says its stablecoin was issued as an ERC-20 token.

“We believe that elements of the future of finance will be blockchain enabled and we’re already witnessing rapid change in the tokenisation market,” Drew Bradford, NAB Markets Executive General Manager, said in a statement.

The bank claimed it’s the world’s first major financial institution to process a cross-border stablecoin transaction via a public Layer-1 blockchain. A NAB spokesperson shared the current AUDN token contract with Blockworks, viewable on Etherscan.

In any case, ANZ — another ‘big four’ Australian bank — became the first institution in the country to issue and conduct payment of a stablecoin linked to the nation’s dollar last year, also via Ethereum, although it wasn’t cross-border.

As well, JPMorgan alongside Singapore’s DBS Bank and others executed foreign exchange transactions using tokenized deposits, a slightly different concept to stablecoins, as part of a 2022 pilot. The group used Ethereum Layer-2 network Polygon for the trades.

A number of institutions worldwide have also leveraged Ethereum and Polygon to issue tokenized bonds.

Still, NAB considers its recent stablecoin transaction a milestone for the bank. It expects to support “select corporate and institutional clients” in transacting with digital assets by the end of the year.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 16, 2023, 09:09:04 PM
https://cryptonews.com/news/ethereums-annualized-deflation-rate-briefly-surpasses-5-heres-how-that-can-impact-the-eth-price.htm

Ethereum’s Annualized Deflation Rate Briefly Surpasses 5% - Here’s How That Can Impact The ETH Price

The rate at which the Ether (ETH) supply is deflating, which has been accelerating in recent weeks, recently saw a spike higher. Ether is the cryptocurrency that powers the smart-contract-enabled Ethereum blockchain. ETH is the world’s second most valuable cryptocurrency by market capitalization and Ethereum is the dominant blockchain in Decentralized Finance.

Last Saturday, the annualized burn rate as a result of Ethereum Improvement Proposal 1559 jumped to its highest since last May at 5.679%, outstripping the Ether issuance rate of 0.578% by a whopping 5.101%. The deflation rate has since dropped to around 1.75% as of Wednesday the 15th of March.

(https://v2.cimg.co/news/107915/262364/responsive-images/eth-glassnode-1___media_library_original_833_786.jpg)

Cryptocurrency markets saw extreme volatility last weekend and at the beginning of this week amid uncertainty relating to last week’s series of major regional US bank collapses and the policymaker response. Ether was last changing hands on exchanges in the upper-$1,600s, having hit multi-month highs above $1,700 earlier this week.

(https://v2.cimg.co/news/107915/262365/responsive-images/eth-glassnode-2___media_library_original_861_412.jpg)

The spike in the Ether burn rate came amid a jump in the Ethereum gas price, a fee charged to users of the network, to its highest level since last May. If demand for the Ethereum network continues to rise, causing a rise in network congestion, that will cause further upside in Ethereum gas fees, which will translate to a further acceleration in the cryptocurrency’s rate of deflation. An accelerating deflation rate is likely to be a long-term tailwind for the ETH price.

Explainer – What is Driving the Accelerating ETH Deflation Rate?

Before answering the question as to what is driving the increase in the ETH deflation rate, we need to understand why ETH deflation even happens at all and that requires an understanding of how the Ethereum network fee structure works. Network fees are split into two components. The first is a base fee that all users must pay to ensure that their transaction is accepted and processed on the blockchain.

There is then an optional tip that users can pay to have their transaction processed more quickly. The Ethereum network automatically calculates the base fee, which rises at times of heavy network traffic. Ethereum Improvement Proposal (EIP) 1559, which was implemented into the Ethereum code in the London hardfork in August 2021, requires that all of these base fees paid by users are then burned, removing the tokens from circulation permanently.

As a result, when the base gas fee rises, the rate at which Ether is burned also rises. When this burn rate exceeds the ETH Issuance Rate, which is around 0.55%, the ETH supply will decline. ETH is issued to the nodes and stakers that secure the Ethereum network.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on March 16, 2023, 10:20:20 PM
(http://)
Quote from: HOWOAK on March 16, 2023, 11:40:28 AM
gib is a grifter and a bullshit artist, im not shitting on bitcoin, i understand the value of protection from inflation and counter fitting, i used to work as a driver  for an escort agency and the girls would take every penny they made at the end of the night and dump it all in to a bit coin  ATM and that could be any where from $5000 to $100,000 in just one night


that being said , bit coin is real, but it does also get used as a ponzi/pyramid scheme by guys like gib to pump up the bottem

How is he using btc as a pomzi scheme? Probably only gib and I who see btc in the same light and have no influence  on pumping or calling the bottom. It's either btc goes to 0 or 1million and if it goes to 1million, it's going a lot higher.

What you see is shitcoiners fuding btc as old tech, prone to 51% attack, killing the Amazon rainforest just so they can pump their bags because they're salty they missed out on an early entry.

99% of 20000+ coins are outright scams and 1% will eventually die out in the long run or end up using  using satoshi as unit of account. People are not going to use multiple coins for micro payments. Btc is the best form of money humanity has ever had and its ushering in a new era or freedom and progress.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 17, 2023, 01:23:19 AM
Quote from: HOWOAK on March 16, 2023, 08:42:58 PM
i bet you have 100 different accounts spread out on various chat forums where you pump bit coin,      you're just making your rounds....

I'll bet you a Bitcoin I don't. Deal?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 17, 2023, 01:25:11 AM
Quote from: Theoak* on March 16, 2023, 10:20:20 PM
(http://)
How is he using btc as a pomzi scheme? Probably only gib and I who see btc in the same light and have no influence  on pumping or calling the bottom. It's either btc goes to 0 or 1million and if it goes to 1million, it's going a lot higher.

What you see is shitcoiners fuding btc as old tech, prone to 51% attack, killing the Amazon rainforest just so they can pump their bags because they're salty they missed out on an early entry.

99% of 20000+ coins are outright scams and 1% will eventually die out in the long run or end up using  using satoshi as unit of account. People are not going to use multiple coins for micro payments. Btc is the best form of money humanity has ever had and its ushering in a new era or freedom and progress.

100% Agree.

And by the way, if one was going to do a pump and dump, BTC would be the absolute worst and most difficult to do it with, given its market-cap and liquidity. There really are some paranoid idiots out there...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 17, 2023, 01:26:15 AM
Fidelity quietly switches on Bitcoin access to over 30,000,000 customers...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 17, 2023, 02:42:52 AM
Quote from: Mayday on March 08, 2023, 01:53:27 AM
You see Jerome Powell’s grilling today?

US senate laying the groundwork for the next big stimmy program. It was all ‘you’re going after people’s jobs’ over and over again. The US govt will jump into save American jobs in 2024 and pump in stimmy like there’s no tomorrow.


What's your twitter feed looking like? I got everyone thinking that QE in back as the reserve balance went up $2Trillion and tech stocks pumped.  Bears are capitulating and everyone thinks the bull market is back on.

It's not QE (securities held at the FED haven't changed) but no one seems to wanna listen. This is gonna get ugly.

Also Fidelity quietly switches on ETH access to over 30,000,000 customers...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on March 17, 2023, 03:52:05 AM
Quote from: gib on March 16, 2023, 06:29:32 PM
Yes, you are sort of right with the point you make here.

I'm "sort of right"?  LOL

I'm 100% right.  That's how FDIC insurance works.

Quote from: gib on March 16, 2023, 06:29:32 PM
The problem occurs when the total funds they have from deposits exceeds the amounts they need to pay out. That is when the money printing starts. Either way, with Bitcoin you self custody. With cash you take counterparty risk. With Bitcoin you can self store store any amount. With cash, not only do you have counterparty risk, but its capped at 250K.

No.

Have many FDIC-insured banks, large and small, failed in the last 90 years?  Yes.

Since 1933, no depositor has ever lost a penny of FDIC-insured funds.

These facts don't create a strong case for your claims.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 17, 2023, 04:15:30 AM
Quote from: loco on March 17, 2023, 03:52:05 AM
I'm "sort of right"?  LOL

I'm 100% right.  That's how FDIC insurance works.

No.

Have many FDIC-insured banks, large and small, failed in the last 90 years?  Yes.

Since 1933, no depositor has ever lost a penny of FDIC-insured funds.

These facts don't create a strong case for your claims.

You are entirely wrong. Hundreds banks have failed in the US since 1933. And in all such cases (SVB being the rare exception) all deposits over 250K were NOT refunded.

On average, between 1980 and 1994, a US bank failed every three days. The pace of bankruptcies peaked immediately after the 2008 financial crisis. 465 banks failed from 2008 to 2012.

You can learn a little more here: https://en.wikipedia.org/wiki/List_of_bank_failures_in_the_United_States_(2008%E2%80%93present)

Please educate yourself and stop spreading your fiat ponzi scam nonsense here. :)

Bitcoin doesn't care what you accuse it of, or what you accuse those of who use it, or what lies you tell about it. It just keep on doing what it does...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on March 17, 2023, 04:41:44 AM
Quote from: gib on March 17, 2023, 04:15:30 AM
Hundreds banks have failed in the US since 1933.

Yes, that's what I said:

Quote from: loco on March 17, 2023, 03:52:05 AM
Have many FDIC-insured banks, large and small, failed in the last 90 years?  Yes.

Slow down, and read carefully.

Quote from: gib on March 17, 2023, 04:15:30 AM
And in all such cases (SVB being the rare exception) all deposits over 250K were NOT refunded.

That's because only FDIC-insured funds are refunded, uninsured funds are not.

Currently, bank deposits are FDIC insured up to $250,000 per depositor, per insured bank, for each account ownership category.

Those who are aware of the rules and followed them did not lose a single penny of FDIC-insured funds in 90 years of FDIC-insured bank failures.

Not a strong case at all for your claims.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 17, 2023, 05:14:12 AM
For those of us with higher net worth, its not practical to keep our cash scattered across numerous banks. And in any case, we don't like keeping our wealth stored in a currency which steals from us through devaluation. Also, not all such people have access to banks in the US.

But yes, if you have a small amount of cash, live in the US, then yes you will be fine (other than the continuous devaluation) with a US bank. But even in that case, that of course does not mean cash it a better investment than Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on March 17, 2023, 05:42:39 AM
Quote from: gib on March 17, 2023, 05:14:12 AM
For those of us with higher net worth, its not practical to keep our cash scattered across numerous banks. And in any case, we don't like keeping our wealth stored in a currency which steals from us through devaluation. Also, not all such people have access to banks in the US.

But yes, if you have a small amount of cash, live in the US, then yes you will be fine (other than the continuous devaluation) with a US bank. But even in that case, that of course does not mean cash it a better investment than Bitcoin.

So BTC is only for multi-millionaires, who don't have access to US FDIC-insured banks, who keep way too much cash lying around doing nothing instead of investing it in appreciating assets such as stocks, real estate, and bonds.  Everyone else should stay away from BTC.

Got it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 17, 2023, 05:44:47 AM
Quote from: Flexacon on March 17, 2023, 02:42:52 AM
What's your twitter feed looking like? I got everyone thinking that QE in back as the reserve balance went up $2Trillion and tech stocks pumped.  Bears are capitulating and everyone thinks the bull market is back on.

It's not QE (securities held at the FED haven't changed) but no one seems to wanna listen. This is gonna get ugly.

Also Fidelity quietly switches on ETH access to over 30,000,000 customers...

My feed is the same as yours. One massive circle jerk claiming QE is back. Spastics, the lot of them.

But you can see from this BTC rally and why I had said this could turn utter crazy when people think QE is coming but they get it wrong. YOLO central right now. Glad I left my hedge in play but at the same time glad I took a 2.5x profit of my bull holdings.

It’s going to turn to a total shitshow as the market is pricing cuts in July but Fed will be holding rates at least out to November.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: dunkin donuts on March 17, 2023, 08:31:50 AM
Sincere question for open discussion: why do gold bugs advocate for only 5% of your personal wealth in gold? While at the same time writing and speaking volumes on the merrits of gold. It's like they want to insure only 5% of their wealth and gamble away the 95% on speculative assets? Or keep the 95% in cash and see it devalue? Or what?

I bought some gold and am contemplating buying more, but I am worried about liquidity when buying only in 1 kg bars. And also overall, I question the gold narrative for the question posed above.

I also don't trust bitcoin because there is plausible reason to assume it's the work of MIT spooks contracted by the central banks and government to steer the cattle into their digital prison
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: GymnJuice on March 17, 2023, 09:08:57 AM
Quote from: gib on March 17, 2023, 05:14:12 AM
For those of us with higher net worth, its not practical to keep our cash scattered across numerous banks. And in any case, we don't like keeping our wealth stored in a currency which steals from us through devaluation. Also, not all such people have access to banks in the US.

But yes, if you have a small amount of cash, live in the US, then yes you will be fine (other than the continuous devaluation) with a US bank. But even in that case, that of course does not mean cash it a better investment than Bitcoin.

I think you can buy CDs at different banks through your brokerage account. Each CD at each bank should be individually counted as a separate FDIC 250k allotment. This is my understanding.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 17, 2023, 01:35:22 PM
Quote from: Mayday on March 17, 2023, 05:44:47 AM
My feed is the same as yours. One massive circle jerk claiming QE is back. Spastics, the lot of them.

But you can see from this BTC rally and why I had said this could turn utter crazy when people think QE is coming but they get it wrong. YOLO central right now. Glad I left my hedge in play but at the same time glad I took a 2.5x profit of my bull holdings.

It’s going to turn to a total shitshow as the market is pricing cuts in July but Fed will be holding rates at least out to November.

If there isn't a 50 bps rate hike and nothing breaks then markets could have a brief rally, but it's just delaying the inevitable.

Alts aren't doing much on this BTC rally. Need BTC price to settle, maybe somewhere at around 28k or 32k and then jump back in alts when random alts start popping.

TA is telling me BTC will give it all back pretty soon though. 22k, 20k and 18k are possibilities. Maybe if we have some bad news this weekend or around the FED meeting

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on March 17, 2023, 03:13:37 PM
Another upside breakout. Last one was a trap. IMO, if the trap was there once. It’ll be there again.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on March 17, 2023, 03:15:14 PM
Quote from: dunkin donuts on March 17, 2023, 08:31:50 AM
Sincere question for open discussion: why do gold bugs advocate for only 5% of your personal wealth in gold? While at the same time writing and speaking volumes on the merrits of gold. It's like they want to insure only 5% of their wealth and gamble away the 95% on speculative assets? Or keep the 95% in cash and see it devalue? Or what?

I bought some gold and am contemplating buying more, but I am worried about liquidity when buying only in 1 kg bars. And also overall, I question the gold narrative for the question posed above.

I also don't trust bitcoin because there is plausible reason to assume it's the work of MIT spooks contracted by the central banks and government to steer the cattle into their digital prison

We are all headed into a digital prison whether you like it or not. Bitcoin is the only insurance/tool against it. Decentrilization of money is what releases  you from those  shackles.

Gold has been seized by countries governments in times of crisis. Why would  you allocate anything let alone 5% into a dead rock, which us hard to move, can never ever be any form of money again?

As of this minute  I can hire a website developer, computer programmer from halfway across  the world who doesn't have access to financial services and pay them via the lightning network in btc. The transaction will cost me a fraction of a cent and they will receive btc instantaneously, un-confiscatble, decentrilised and totally secure.

Don't worry, this old tech is going no where, no entrepreneurs  will enter the space, adoption will come to halt and the addressable asset market of 500 trillion + will be consumed by a bunch of degens placing their bets on masturbating monkey pics thinking their centralised protocol is the future of money.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 17, 2023, 03:33:10 PM
Quote from: Theoak* on March 17, 2023, 03:15:14 PM
We are all headed into a digital prison whether you like it or not. Bitcoin is the only insurance/tool against it. Decentrilization of money is what releases  you from those  shackles.

Gold has been seized by countries governments in times of crisis. Why would  you allocate anything let alone 5% into a dead rock, which us hard to move, can never ever be any form of money again?

As of this minute  I can hire a website developer, computer programmer from halfway across  the world who doesn't have access to financial services and pay them via the lightning network in btc. The transaction will cost me a fraction of a cent and they will receive btc instantaneously, un-confiscatble, decentrilised and totally secure.

Don't worry, this old tech is going no where, no entrepreneurs  will enter the space, adoption will come to halt and the addressable asset market of 500 trillion + will be consumed by a bunch of degens placing their bets on masturbating monkey pics thinking their centralised protocol is the future of money.

Seems like you're pretty upset the degens no longer pump your bags. I recommend you start add these to your shopping cart for a better nights sleep.

(https://images-na.ssl-images-amazon.com/images/I/61nPJADPEpL._AC_UL600_SR600,600_.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on March 17, 2023, 03:52:20 PM
Janet Yellen's most recent remarks from 3/16/23 are nothing short of TERRIFYING. Watch this video (below) from the 1:19 mark onward...



Pretty sure the government has made up its mind and wants to divert all available FIAT cash to Systematically Important Banks (SIBs) in order to set the stage for the unveiling of their population-controlling CBDC. Regional banks will get slaughtered and depositors are starting to fear that their funds will evaporate as defaults begin. Moreover, as you've all seen, part of the deal in bailing out the tech-friendly banks is a clause that states that they will no longer honor the business of crypto dealings.

Americans, at the very least, will have a hard time off-ramping their crypto profits onto FIAT currency, as there might be no banks left to provide such a critical function. I think sticking to any cryptos that have proven utility and involvement in the future movements of the government makes most sense. I hold a few Bitcoin, but will seriously start to consider selling off (or converting to other crypto) as the writing is on the wall, unless HYPERINFLATION becomes a reality which I think could be possible given the stunt(s) that the FED and government pulled this past weekend.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 17, 2023, 04:17:28 PM
Quote from: Flexacon on March 17, 2023, 01:35:22 PM
If there isn't a 50 bps rate hike and nothing breaks then markets could have a brief rally, but it's just delaying the inevitable.

Alts aren't doing much on this BTC rally. Need BTC price to settle, maybe somewhere at around 28k or 32k and then jump back in alts when random alts start popping.


You should have realized by now that almost all alts are scams (not to mention unregulated securities). Bitcoin has emerged at the single true "alt" to fiat currency. We don't need alt, alts. United we stand, divided we fall. Stay away from a poor-mans shit coin, stack sats, and hodl, It not that hard...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on March 17, 2023, 04:23:08 PM
Quote from: gib on March 17, 2023, 04:17:28 PM
You should have realized by now that almost all alts are scams (not to mention unregulated securities). Bitcoin has emerged at the single true "alt" to fiat currency. We don't need alt, alts. United we stand, divided we fall. Stay away from a poor-mans shit coin, stack sats, and hodl, It not that hard...

By "we" you mean only multi-millionaires, who don't have access to US FDIC-insured banks, who keep way too much cash lying around doing nothing instead of investing it in appreciating assets such as stocks, real estate, and bonds?

Everyone else should stay away from BTC?

Quote from: gib on March 17, 2023, 05:14:12 AM
For those of us with higher net worth, its not practical to keep our cash scattered across numerous banks. And in any case, we don't like keeping our wealth stored in a currency which steals from us through devaluation. Also, not all such people have access to banks in the US.

But yes, if you have a small amount of cash, live in the US, then yes you will be fine (other than the continuous devaluation) with a US bank. But even in that case, that of course does not mean cash it a better investment than Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 17, 2023, 04:24:56 PM
Quote from: loco on March 17, 2023, 05:42:39 AM
So BTC is only for multi-millionaires, who don't have access to US FDIC-insured banks, who keep way too much cash lying around doing nothing instead of investing it in appreciating assets such as stocks, real estate, and bonds.  Everyone else should stay away from BTC.

Got it.

Loco, you are obviously not stupid. But you need to think ahead a little. Bitcoin does not discriminate. And it is limited in supply. So what happens when all that big money tries to squeeze into one small, and perfectly limited in supply, asset? ... If goes up.

Rich and poor benefit equally and are treated equally by Bitcoin. Bitcoin gives the poorest person in Africa the exact same % gain as the institutions and HNW's in America.

You would have to be a naive fool, if after all that has been written in this thread, not to be storing some of your wealth in Bitcoin, for many reasons which have been explained and which should be obvious.
 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 17, 2023, 04:33:20 PM
Quote from: loco on March 17, 2023, 04:23:08 PM
By "we" you mean only multi-millionaires, who don't have access to US FDIC-insured banks, who keep way too much cash lying around doing nothing instead of investing it in appreciating assets such as stocks, real estate, and bonds?

Everyone else should stay away from BTC?

Stocks, real estate, and bonds are all assets worth having some exposure to. But they also all have risks which Bitcoin can help negate.

Stocks are 100% dependent on the management of the company. Bitcojn is managed by an algorithm. Bonds are a promise to pay cash by a certain date - the value of that future cash can plummet over time, and the issuer can become insolvent. Real estate can be confiscated, taxed, requires maintenance, and is not portable. Bitcoin solves that ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on March 17, 2023, 05:06:11 PM
Quote from: gib on March 17, 2023, 04:24:56 PM
Loco, you are obviously not stupid. But you need to think ahead a little. Bitcoin does not discriminate. And it is limited in supply. So what happens when all that big money tries to squeeze into one small, and perfectly limited in supply, asset? ... If goes up.

Rich and poor benefit equally and are treated equally by Bitcoin. Bitcoin gives the poorest person in Africa the exact same % gain as the institutions and HNW's in America.

You would have to be a naive fool, if after all that has been written in this thread, not to be storing some of your wealth in Bitcoin, for many reasons which have been explained and which should be obvious.

What does any of this have to do with your incorrect claims about FDIC-insured funds?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on March 17, 2023, 05:21:49 PM
Quote from: gib on March 17, 2023, 04:33:20 PM
Stocks, real estate, and bonds are all assets worth having some exposure to. But they also all have risks which Bitcoin can help negate.

LOL...Stocks, real estate, and bonds are all assets worth having just "some" exposure to?  What, you've got the majority of your net worth in BTC?   :D

Quote from: gib on March 17, 2023, 04:33:20 PM
Stocks are 100% dependent on the management of the company. Bitcojn is managed by an algorithm. Bonds are a promise to pay cash by a certain date - the value of that future cash can plummet over time, and the issuer can become insolvent. Real estate can be confiscated, taxed, requires maintenance, and is not portable. Bitcoin solves that ...

And crypto exchanges collapse, crypto withdrawals/transfers get suspended, wallets get hacked, cold storage devices and keys get forgotten or lost to fire, theft, etc.

Claiming BTC "investments" are safer than stocks, real estate, bonds and FDIC-insured cash deposits is laughable.

I have nothing against you or against BTC.  I own BTC and ETH.  It's your extraordinary and incorrect claims that I have a problem with.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: dunkin donuts on March 17, 2023, 05:36:56 PM
Gold is going to rip to 5000
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 17, 2023, 05:38:37 PM
Quote from: Flexacon on March 17, 2023, 01:35:22 PM
If there isn't a 50 bps rate hike and nothing breaks then markets could have a brief rally, but it's just delaying the inevitable.

Alts aren't doing much on this BTC rally. Need BTC price to settle, maybe somewhere at around 28k or 32k and then jump back in alts when random alts start popping.

TA is telling me BTC will give it all back pretty soon though. 22k, 20k and 18k are possibilities. Maybe if we have some bad news this weekend or around the FED meeting

It's all about July now as market is betting on rate cuts vs Fed saying Feb 2024. The market has been wrong about everything and just as we get to the worst part they are wrong again on cuts. I think after July once the cuts don't start happening the market will shit itself and we find new lows.

For now at least my target for BTC is 40s and this pump above 20k looks pretty favourable.

I am only holding AVAX, HDRN, SOLO. My Hedron is at 2x already. AVAX has been a piece of shit and i'm still flat, SOLO is a recent pickup.

I have a strategy so i'm not prepared to go chasing this pump when my positions are already in profit. I agree with you and i think in Q3-Q4 this likely goes to Hades and that's when we will see 10k.


Quote from: Thin Lizzy on March 17, 2023, 03:13:37 PM
Another upside breakout. Last one was a trap. IMO, if the trap was there once. It’ll be there again.

Check your bias IMO.

Sides are either too bullish or too bearish. The market and the Fed are aligned Mar-May for now so consider why would this be a trap so far in advance.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 17, 2023, 05:42:07 PM
Quote from: Thin Lizzy on March 17, 2023, 03:13:37 PM
Another upside breakout. Last one was a trap. IMO, if the trap was there once. It’ll be there again.

First breakout on the weekly. If it holds this then upward trend to 40s is the highest probability.

Once we break above 30s this thing will go full YOLO and I bet once we get to 40k we will have euphoric hills calls for a new ATH and it’ll be dead lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on March 17, 2023, 06:09:58 PM
Quote from: Flexacon on March 17, 2023, 03:33:10 PM
Seems like you're pretty upset the degens no longer pump your bags. I recommend you start add these to your shopping cart for a better nights sleep.

(https://images-na.ssl-images-amazon.com/images/I/61nPJADPEpL._AC_UL600_SR600,600_.jpg)


Quote from: Flexacon on February 04, 2023, 05:49:43 PM
The halving cuts miner rewards (BTC) in half approximately every 4 years, so for miners to remain profitable and to maintain current network security the price of BTC needs to double as the rewards half. Without this bitcoin could eventually come under a 51% attack

Miners also earn transaction fees. More people using bitcoin (and it's higher price) means more fees are collected. Eventually this will exceed miner rewards and bitcoin will reach a steady state without the need for the price to double. This is looking like being at some point around 2032.

So from now until 2032 bitcoin needs to double in price every 4 years. Then it needs to move to a steady state collecting transaction fees.

The price isn't guaranteed to double every 4 years and the fee model for bitcoin as it stands isn't fit for purpose. All this would leave bitcoin vulnerable to attack.

This of course is just my basic interpretation of where things stand. An even more basic interpretation is that bitcoin needs a consistent supply of new money coming otherwise it dies.

Quote from: Flexacon on March 09, 2023, 08:35:41 PM
They believe proof of stake now means people expect profit on ETH via staking, so are trying to paint it as a security. There are plenty of valid arguments why that's not the case. It was even discussed a few pages back on here.

Worst case scenario ETH is classed a security and the founders and foundation pay a big fine. Won't kill ETH, it will just be something different.

ETH can always roll back to proof of work if things get really bad.

Took the bait, didn't you.

Proof of typical shit corner mentality. One hand attacks POW and his magical 51% attack on btc hence reason Eth moved away to POS (centralised databased). Then says if Eth is classified as a security just roll back into POW.

You really can't make this shit up about shit coiners. What's next? Change consensus model to only allow certain transactions governed by certain validators...? Increase Eth supply?

If you can't  extract value might as well compromise  the whole system by changing the rules to benefit a few. Sound just like the fed.

I'll leave those pads for you, perhaps should of focused on btc alot earlier instead of your magical tax free accounts in the UK. That way you wouldn't sound so idiotic. "No POW work bad future is POS. Hang on if I can't get free shitcoins for staking let's just roll back into POW, I desperately  need my bags pumped"

Uneducated looking through a greed lenses thinking btc is an event and not a multi decade process. Old tech, lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 17, 2023, 07:31:47 PM
Quote from: OneMoreRep on March 17, 2023, 03:52:20 PM
Janet Yellen's most recent remarks from 3/16/23 are nothing short of TERRIFYING. Watch this video (below) from the 1:19 mark onward...



Pretty sure the government has made up its mind and wants to divert all available FIAT cash to Systematically Important Banks (SIBs) in order to set the stage for the unveiling of their population-controlling CBDC. Regional banks will get slaughtered and depositors are starting to fear that their funds will evaporate as defaults begin. Moreover, as you've all seen, part of the deal in bailing out the tech-friendly banks is a clause that states that they will no longer honor the business of crypto dealings.

Americans, at the very least, will have a hard time off-ramping their crypto profits onto FIAT currency, as there might be no banks left to provide such a critical function. I think sticking to any cryptos that have proven utility and involvement in the future movements of the government makes most sense. I hold a few Bitcoin, but will seriously start to consider selling off (or converting to other crypto) as the writing is on the wall, unless HYPERINFLATION becomes a reality which I think could be possible given the stunt(s) that the FED and government pulled this past weekend.

"1"
Nobody forces morons to withdraw from banks and cause a bank run because of their emotional responses. If people would all just act together this all can be avoided. Bank runs are driven by customers.

That being said, banks should not be reckless either and be able to survive bank runs. Any bank that can survive will have a great reputation.

A surge of withdrawals proved Binance's reserves.

https://investorplace.com/2022/12/binance-withdrawal-surge-tests-proof-of-reserves/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 17, 2023, 07:35:15 PM
Quote from: Theoak* on March 17, 2023, 06:09:58 PM

Took the bait, didn't you.

Proof of typical shit corner mentality. One hand attacks POW and his magical 51% attack on btc hence reason Eth moved away to POS (centralised databased). Then says if Eth is classified as a security just roll back into POW.

You really can't make this shit up about shit coiners. What's next? Change consensus model to only allow certain transactions government by certain validators...? Increase Eth supply?

If you can't  extract value might as well compromise  the whole system by changing the rules to benefit a few. Sound just like the fed.

I'll leave those pads for you, perhaps should of focused on btc alot earlier instead of your magical tax free accounts in the UK. That way you wouldn't sound so idiotic. "No POW work bad future is POS. Hang on if I can't get free shitcoins for staking let's just roll back into POW, I desperately  need my bags pumped"

Uneducated looking through a greed lenses thinking btc is an event and not a multi decade process. Old tech, lol.

I think you're confused. I presented a potential flaw in Bitcoins implementation of proof of work and your maxi delusions leapt to the conclusion that I was somehow attacking all proof of work and somehow talking up proof of stake. POW doesn't equal bitcoin, but of course you're too maxi padded up to be able to catch yourself on that.

Also never said proof of stake is better. Both have advantages and disadvantages and ETH entered uncharted waters with POS and that's why I don't hold it, nor plan to hold until there is more clarity. You see unlike you I'm able to think objectively and not marry my bags.

There are no tax free crypto accounts in the UK at the time I held/sold it. There is tax free gambling in the UK and there are crypto betting sites. No issues sharing this now as KYC and affordability checks has closed the loophole, but you take both sides of a bet on different sites where odds are favourable and withdraw the "winning" bet which is now tax free with the accompanying betting slip. Very easy to do especially if you had worked in the the gambling industry for over a decade and know all the limits and regulators like I did. 2024/25 I'll just rely on my duel citizenship to escape some of the tax burden if needed. It helps to plan these things out ahead of time. You should try it, then you might not end up over holding your bags.

Lol @ you holding bitcoin and it not being about greed. What are you gonna do in 10 years if bitcoin is worth $1m? Give it all away to good causes? Stop deluding yourself.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 17, 2023, 07:41:03 PM
Quote from: gib on March 17, 2023, 04:17:28 PM
You should have realized by now that almost all alts are scams (not to mention unregulated securities). Bitcoin has emerged at the single true "alt" to fiat currency. We don't need alt, alts. United we stand, divided we fall. Stay away from a poor-mans shit coin, stack sats, and hodl, It not that hard...
There are too many use cases for blockchains and one size does not fit all. Bitcoin is not designed to handle it all. Nor should it. Bitcoin is having a run now, but it will be Ethereum's turn in a bit. For the past 24 hours BTC is up around 7% and ETH 6.5%. However, 7 days and 30 days out is more favorable to BTC. ETH and BTC have lost about the same in 1 year, with BTC edging it out by 2%. In the past 3 years ETH is up 1,490% vs 424% for BTC. ETH outperformed BTC by an order of 3.5X the past 3 years. 

There is uncertainty about the upcoming Shanghai upgrade which will unlock staked ETH. People are sitting on the sidelines to see how that plays out and they are hedging that the price will initially fall as people sell their staked ETH. I plan to get my ETH off exchanges and into self-custody wallets to start solo-staking ETH.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 17, 2023, 08:17:45 PM
Quote from: Flexacon on March 09, 2023, 08:35:41 PM
They believe proof of stake now means people expect profit on ETH via staking, so are trying to paint it as a security. There are plenty of valid arguments why that's not the case. It was even discussed a few pages back on here.

Worst case scenario ETH is classed a security and the founders and foundation pay a big fine. Won't kill ETH, it will just be something different.

ETH can always roll back to proof of work if things get really bad.
Solo stakers have to configure and maintain their own validators. They have to provide hardware, electricity, and an internet connection. Not effortless endeavors.

Ethereum developers should focus on making solo staking accessible to more people and easier to configure with turnkey solutions. That will blow a hole in the security argument because the "effort of others" specification does not come into play.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 17, 2023, 08:20:13 PM
Quote from: Theoak* on March 17, 2023, 06:09:58 PM

Took the bait, didn't you.

Proof of typical shit corner mentality. One hand attacks POW and his magical 51% attack on btc hence reason Eth moved away to POS (centralised databased). Then says if Eth is classified as a security just roll back into POW.

You really can't make this shit up about shit coiners. What's next? Change consensus model to only allow certain transactions governed by certain validators...? Increase Eth supply?

If you can't  extract value might as well compromise  the whole system by changing the rules to benefit a few. Sound just like the fed.

I'll leave those pads for you, perhaps should of focused on btc alot earlier instead of your magical tax free accounts in the UK. That way you wouldn't sound so idiotic. "No POW work bad future is POS. Hang on if I can't get free shitcoins for staking let's just roll back into POW, I desperately  need my bags pumped"

Uneducated looking through a greed lenses thinking btc is an event and not a multi decade process. Old tech, lol.
What impact will Biden's recent 30% mining tax initiative have on POW in your opinion? What if they raise it to 50%?

POW is not immune to government actions. They can do a lot to kill or disrupt the POW industry.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 17, 2023, 08:22:32 PM
Quote from: Flexacon on March 17, 2023, 07:35:15 PM
I think you're confused. I presented a potential flaw in Bitcoins implementation of proof of work and your maxi delusions leapt to the conclusion that I was somehow attacking all proof of work and somehow talking up proof of stake. POW doesn't equal bitcoin, but of course you're too maxi padded up to be able to catch yourself on that.

Also never said proof of stake is better. Both have advantages and disadvantages and ETH entered uncharted waters with POS and that's why I don't hold it, nor plan to hold until there is more clarity. You see unlike you I'm able to think objectively and not marry my bags.

There are no tax free crypto accounts in the UK at the time I held/sold it. There is tax free gambling in the UK and there are crypto betting sites. No issues sharing this now as KYC and affordability checks has closed the loophole, but you take both sides of a bet on different sites where odds are favourable and withdraw the "winning" bet which is now tax free with the accompanying betting slip. Very easy to do especially if you had worked in the the gambling industry for over a decade and know all the limits and regulators like I did. 2024/25 I'll just rely on my duel citizenship to escape some of the tax burden if needed. It helps to plan these things out ahead of time. You should try it, then you might not end up over holding your bags.

Lol @ you holding bitcoin and it not being about greed. What are you gonna do in 10 years if bitcoin is worth $1m? Give it all away to good causes? Stop deluding yourself.
How does dual citizenship protect you against taxes? I know people that have dual citizenship and they have to pay taxes in both countries!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 17, 2023, 08:38:21 PM
Quote from: obsidian on March 17, 2023, 08:22:32 PM
How does dual citizenship protect you against taxes? I know people that have dual citizenship and they have to pay taxes in both countries!

That's only Americans. They don't want people leaving or losing their tax dollars.

Most non American dual citizens only pay tax in the country of their permanent/main residence. I will just move to country which doesn't tax crypto when I look to sell. Although I expect by 2025 they'll all be taxing crypto to some extent.

I believe the American equivalent to avoid the heavy crypto tax burden is to move to  Puerto Rico.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 18, 2023, 06:34:27 AM
Quote from: Flexacon on March 17, 2023, 08:38:21 PM
That's only Americans. They don't want people leaving or losing their tax dollars.

Most non American dual citizens only pay tax in the country of their permanent/main residence. I will just move to country which doesn't tax crypto when I look to sell. Although I expect by 2025 they'll all be taxing crypto to some extent.

I believe the American equivalent to avoid the heavy crypto tax burden is to move to  Puerto Rico.

Correct. Most of the world do not pay taxes except for where they are resident. And some of us are resident in tax friendly jurisdictions where we pay no tax at all.

I for one, will never pay any capital gains tax, or be taxed on dividends. And NFW is anyone going to ever tax my Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 18, 2023, 06:41:43 AM
Quote from: loco on March 16, 2023, 11:05:09 AM
Why would the treasury print more money for that?  The money would come from the fees that banks pay into the Deposit Insurance Fund.  They'd just be moving money that already exists.

Allow me to both teach you a lesson, and give you a good old fashioned Get Big self owning...

Emergency lending by the Federal Reserve jumped to about $300 billion in the past week after two bank failures triggered turmoil in financial markets and the central bank said it would make additional funding available to financial institutions.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on March 18, 2023, 07:33:12 AM
Quote from: gib on March 18, 2023, 06:41:43 AM
Allow me to both teach you a lesson, and give you a good old fashioned Get Big self owning...

Emergency lending by the Federal Reserve jumped to about $300 billion in the past week after two bank failures triggered turmoil in financial markets and the central bank said it would make additional funding available to financial institutions.

LOL…look who is talking about self owning. 

You are so desperate to find anything to support your absurd claims that you are not taking the time to read and understand what you are posting. 

This emergency lending is for banks low on funds, to help prevent their failure.  These banks have not failed, so this has nothing to do with FDIC-insured bank deposits. 

Your original, absurd claim was that the treasury would have to print money to reimburse FDIC-insured deposits, which is still false. 😀
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 18, 2023, 09:17:37 AM
Dude - I am starting to wonder if you are the old Mr Anabolic, back form the grave. Which if you are is fine, as he provided plenty of opportunity to educate.

I told you that the bailout of banks was dilutive of the value of money (as more money will enviably e printed by the Treasury to cover the FDIC).

You in turn reverted that its not dilutive as the FDIC payments come from paid up insurance.

I replied that this was sort of right.

The reason this is sort of right is that the total amount of FDIC insurance funds is a touch more then 100Billion. SVB alone had deposits of 200+ Bellion. FDIC simply cannot cover even a single bank like this, let alone hundreds in the event of a run. The "solution" of course if to print money. And then give that money to the banks. And that in turn is where Bitcoin comes in (as a defense to theft by devaluation). And that in turn is why so much money has flowed into Bitcoin over the last week.

So, consider yourself now educated. Don't try to troll me, but if you ask legit or semi-intelligent questions I will attempt to answer.

I didn't really plan to get active on this thread again until a new AHT was reached but you kind of drew me in...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 18, 2023, 09:29:18 AM
Quote from: obsidian on March 17, 2023, 07:41:03 PM
Bitcoin is having a run now, but it will be Ethereum's turn in a bit. For the past 24 hours BTC is up around 7% and ETH 6.5%. However, 7 days and 30 days out is more favorable to BTC. ETH and BTC have lost about the same in 1 year, with BTC edging it out by 2%. In the past 3 years ETH is up 1,490% vs 424% for BTC. ETH outperformed BTC by an order of 3.5X the past 3 years. 


Obsidian - you are smart, and what you said here is not false, but it is misguided. Let me explain...

I could create an "alt" today, for $1 and sell it for $1000 (to myself or a friend) and then claim a 1000% return in a day (or an annualized return of 3,650,000. Do you see where I am going with this...?

Eth, with a smaller market cap and a more recent creation than Bitcoin, will for a period of time of course rise faster than Bitcoin. Any shit coin will. That is why people create them. And the number of shit coins which can be created is infinite, which is also why they will all eventually fail to compete with Bitcoin.

Rather than look at %rises over periods shorter than the life of Bitcoin, I suggest you look at how much funds have flowed into Bitcoin (given its larger market cap) vs the amount of funds which have flowed into [name your favorite alt]. Indeed, given BTC's much larger market cap, the recent outperformance of BTC over ETH is even more impressive. 

We need people like you on-side. United we will all benefit and succeed. Divided (with shit coins) and we collectively fail. Lets not give money to alt scammers promoting new "projects". Believe me- I know this scene intimately well, and have friends and associates who are deeply involved. Despite offers (and despite contemplating) I have always turned down offers to participate as a founder, both because I simply can't feel comfortable with scamming bright eyed crypto novices, and also because I do worry about the legal and reputational implications.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on March 18, 2023, 11:02:04 AM
Quote from: gib on March 18, 2023, 09:17:37 AM
Dude - I am starting to wonder if you are the old Mr Anabolic, back form the grave. Which if you are is fine, as he provided plenty of opportunity to educate.

I told you that the bailout of banks was dilutive of the value of money (as more money will enviably e printed by the Treasury to cover the FDIC).

You in turn reverted that its not dilutive as the FDIC payments come from paid up insurance.

I replied that this was sort of right.

The reason this is sort of right is that the total amount of FDIC insurance funds is a touch more then 100Billion. SVB alone had deposits of 200+ Bellion. FDIC simply cannot cover even a single bank like this, let alone hundreds in the event of a run. The "solution" of course if to print money. And then give that money to the banks. And that in turn is where Bitcoin comes in (as a defense to theft by devaluation). And that in turn is why so much money has flowed into Bitcoin over the last week.

So, consider yourself now educated. Don't try to troll me, but if you ask legit or semi-intelligent questions I will attempt to answer.

I didn't really plan to get active on this thread again until a new AHT was reached but you kind of drew me in...

No.  You claimed that the treasury would have to print money in order to reimburse FDIC-insured deposits, which is false.

Then you claimed that the emergency lending had to do with the FDIC-insured deposits, which is false too.

Anyone here with half a brain knows there's no way Mr Anabolic and I could possibly be the same person.  Besides, I already told you that I own BTC and ETH.  I'm just not a member of your BTC cult.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 18, 2023, 11:45:10 AM
Quote from: obsidian on March 17, 2023, 07:41:03 PM
There are too many use cases for blockchains and one size does not fit all. Bitcoin is not designed to handle it all. Nor should it. Bitcoin is having a run now, but it will be Ethereum's turn in a bit. For the past 24 hours BTC is up around 7% and ETH 6.5%. However, 7 days and 30 days out is more favorable to BTC. ETH and BTC have lost about the same in 1 year, with BTC edging it out by 2%. In the past 3 years ETH is up 1,490% vs 424% for BTC. ETH outperformed BTC by an order of 3.5X the past 3 years. 

There is uncertainty about the upcoming Shanghai upgrade which will unlock staked ETH. People are sitting on the sidelines to see how that plays out and they are hedging that the price will initially fall as people sell their staked ETH. I plan to get my ETH off exchanges and into self-custody wallets to start solo-staking ETH.

Correct.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 18, 2023, 12:02:57 PM
Quote from: loco on March 18, 2023, 11:02:04 AM
No.  You claimed that the treasury would have to print money in order to reimburse FDIC-insured deposits, which is false.

Then you claimed that the emergency lending had to do with the FDIC-insured deposits, which is false too.

Anyone here with half a brain knows there's no way Mr Anabolic and I could possibly be the same person.  Besides, I already told you that I own BTC and ETH.  I'm just not a member of your BTC cult.

I agree with you about the cult mentality and those who are a part of it not realizing it. Poor gib bought some ETH and his fellow maxi revoked his cultist maxi card and he felt the need to defend himself. Very sad to see, but I gotta laugh at pointing this out.

I gave you a hard time and called you a cultist in the keto diet thread as your posts there started to read like a lot like maxi posts in here. And I said that as someone who often utilizes keto, just not a cult member  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on March 18, 2023, 12:13:03 PM
Quote from: Flexacon on March 18, 2023, 12:02:57 PM
I agree with about the cult mentality and those who are a part of not realizing it. Poor gib bought some ETH and his fellow maxi revoked his cultist maxi card and he felt the need to defend himself. Very sad to see, but I gotta laugh at pointing this out.

I gave you a hard time and called you a cultist in the keto diet thread as your posts there started to read like a lot like maxi posts in here. And I said that as someone who often utilizes keto, just not a cult member  :D

If I remember correctly, it wasn't keto.  It was the carnivore diet thread, and I was trolling with those posts of other people who follow it.  Yes, keto, carnivore, vegan, vegetarian diets are cults too to some people, and so is crypto, gold, index investing, dividend investing, etc.

Ironically this Mr. Anabolic, who gib is now saying is the same person as me, gave me a hard time on a keto thread in this forum.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on March 18, 2023, 12:28:43 PM
Quote from: loco on March 18, 2023, 12:13:03 PM
If I remember correctly, it wasn't keto.  It was the carnivore diet thread, and I was trolling with those posts of other people who follow it.  Yes, keto, carnivore, vegan, vegetarian diets are cults too to some people, and so is crypto, gold, index investing, dividend investing, etc.

Ironically this Mr. Anabolic, who gib is now saying is the same person as me, gave me a hard time on a keto thread in this forum.

If for some reason there are members truly considering this to be a possibility, know that after cross-referencing their entire IP address history that spams over the course of many years, there are no matches between loco and Mr. Anabolic. So for now, does not appear to be the same person.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on March 18, 2023, 12:33:21 PM
Quote from: OneMoreRep on March 18, 2023, 12:28:43 PM
If for some reason there are members truly considering this to be a possibility, know that after cross-referencing their entire IP address history that spams over the course of many years, there are no matches between loco and Mr. Anabolic. So for now, does not appear to be the same person.

"1"

Thanks, OneMoreRep!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 18, 2023, 02:47:40 PM
Bitboy is of course spot on here. The crypto community needs to band together and forget tribalism. All these Bitcoin Maxi's cheering on the SEC are too naive to realize they will be next. They can come after Bitcoin with the energy angle and how mining is such a waste of resources. Just wait and see. The SEC loves the banking sector, not Bitcoin. Stop shitting on other coins and stand together, or divided you will fall.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 18, 2023, 02:57:49 PM
Quote from: gib on March 18, 2023, 09:29:18 AM
Obsidian - you are smart, and what you said here is not false, but it is misguided. Let me explain...

I could create an "alt" today, for $1 and sell it for $1000 (to myself or a friend) and then claim a 1000% return in a day (or an annualized return of 3,650,000. Do you see where I am going with this...?

Eth, with a smaller market cap and a more recent creation than Bitcoin, will for a period of time of course rise faster than Bitcoin. Any shit coin will. That is why people create them. And the number of shit coins which can be created is infinite, which is also why they will all eventually fail to compete with Bitcoin.

Rather than look at %rises over periods shorter than the life of Bitcoin, I suggest you look at how much funds have flowed into Bitcoin (given its larger market cap) vs the amount of funds which have flowed into [name your favorite alt]. Indeed, given BTC's much larger market cap, the recent outperformance of BTC over ETH is even more impressive. 

We need people like you on-side. United we will all benefit and succeed. Divided (with shit coins) and we collectively fail. Lets not give money to alt scammers promoting new "projects". Believe me- I know this scene intimately well, and have friends and associates who are deeply involved. Despite offers (and despite contemplating) I have always turned down offers to participate as a founder, both because I simply can't feel comfortable with scamming bright eyed crypto novices, and also because I do worry about the legal and reputational implications.
Only you can't. To be able to sell your $1 coin for $1000 you need a buyer. The only coins above $1000 are Bitcoin and Ethereum. Bitcoin also started out at $1. Feel free to create your $1 alt and try to get it to $1000. No asset thus far has succeeded except Bitcoin and Ethereum. Binance came close with their BNB.

Ethereum has value because it works, has utility, is a store of value, and provides security against attacks, just like Bitcoin. The "network effect" is at play. There are thousands of Ethereum developers. Do you really think that's not worth something? Are all these people misguided? And the whole argument that Ethereum changes and is therefore a security is moot because Bitcoin also changes. Developers modified Bitcoin fairly recently to enable smart contracts.

Bitcoin is getting a push from the SEC because that cockroach Gensler said it is a commodity. So all the SEC fud is what's holding back the alts at the moment.

I want to see Bitcoin succeed, and many other cryptos. This fight we are in requires that everyone stand together.

I think it would be a good strategy for all the blockchain projects and exchanges to band together and start a class-action lawsuit against the SEC. The SEC is harming investors, not protecting them. And Gensler should be forced to resign because of his dealings with SBF. He is totally corrupt. Time to go on the offensive against these corrupt "government employees".
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 18, 2023, 03:08:46 PM
Here's a chart that maps the performance of ETH vs BTC. As you can see they are very similar, with BTC frontrunning on occasion. The "ETH is a security" and "Unstaking of ETH" FUD is what's putting a damper on Ethereum currently.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 18, 2023, 03:18:39 PM
Quote from: Flexacon on March 17, 2023, 08:38:21 PM
That's only Americans. They don't want people leaving or losing their tax dollars.

Most non American dual citizens only pay tax in the country of their permanent/main residence. I will just move to country which doesn't tax crypto when I look to sell. Although I expect by 2025 they'll all be taxing crypto to some extent.

I believe the American equivalent to avoid the heavy crypto tax burden is to move to  Puerto Rico.
Thanks for that info. You and Mayday provide really valuable info in this thread. Interesting to see the viewpoints of people with financial knowledge.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 18, 2023, 08:24:40 PM
Quote from: obsidian on March 18, 2023, 03:08:46 PM
Here's a chart that maps the performance of ETH vs BTC. As you can see they are very similar, with BTC frontrunning on occasion. The "ETH is a security" and "Unstaking of ETH" FUD is what's putting a damper on Ethereum currently.

Yes, Eth obviously is the most successful alt or shit coin. And from thereon down  to any other [name you favorite alt] on the the shitcoin scale.

Bitcoin can only be invented once. The best way to measure the success of any Bitcoin affinity scam coin, is to take its current market cap and then scale its "growth" back to the day Bitcoin was invented. Even better if you want to add a liquidity into the mix. Then the illusion of shitcoinery will become far more obvious ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 18, 2023, 08:27:32 PM
Quote from: obsidian on March 18, 2023, 02:57:49 PM
Only you can't. To be able to sell your $1 coin for $1000 you need a buyer. The only coins above $1000 are Bitcoin and Ethereum. Bitcoin also started out at $1. Feel free to create your $1 alt and try to get it to $1000. No asset thus far has succeeded except Bitcoin and Ethereum. Binance came close with their BNB.

This is correct, and this is exactly the point in thinking I wanted to get you to.

Now, think just one more step beyond this. Imagine shitcoins in a scale from least bad to worse, factoring in both market cap and liquidity. Eth is 1st on the list of least bad, and it gets worse from thereon onwards...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 18, 2023, 08:35:42 PM
Quote from: loco on March 18, 2023, 11:02:04 AM
No.  You claimed that the treasury would have to print money in order to reimburse FDIC-insured deposits, which is false.

Then you claimed that the emergency lending had to do with the FDIC-insured deposits, which is false too.

Anyone here with half a brain knows there's no way Mr Anabolic and I could possibly be the same person.  Besides, I already told you that I own BTC and ETH.  I'm just not a member of your BTC cult.

Here is what I said:

"Bank deposits are insured for money (up to 250K), OF WHICH THE TREASURY CAN INFINITELY PRINT....

In other words, infinitely devalue.

Bitcoin is our protection against that..."

And what I said is of course 100% right.

As fort he emergency lending from the Treasury, if not made, the FDIC would not have sufficient funds even to cover SBV, let alone hundreds of other at risk banks.

I believe you, that you are not Mr Anabolic. Its just your obstinate style of posting and is eerily similar to his. All food though and through this discussion we educate each other, and others not to mention providing some entertainment to fellow Getbiggers with an interest in finance.

Noted that you own some BTC. Good to hear. Our interests are aligned there.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 18, 2023, 09:37:33 PM
Australian central bank launches project on Ethereum to explore CBDC use cases

The Reserve Bank of Australia (RBA) is looking to establish use cases for a central bank digital currency (CBDC) and determine the economic benefits it can have through a new research project over the coming months.

The project will be conducted in collaboration with the Digital Finance Cooperative Research Centre (DFCRC) and involve multiple Australia-based banks. It will also involve the use of the Ethereum-based CBDC developed by Australia called the eAUD.

One of the pilots in the project aims to develop a “trusted and reliable form of money” on the blockchain. It will explore how a CBDC can be tokenized on multiple blockchains, as well as how to ensure that only authorized parties can hold and redeem it. Authorized parties would be entities that are properly KYC’d and risk-assessed by licensed CBDC service providers.

Mastercard will serve as the “use-case provider” for the interoperability pilot.

https://cryptoslate.com/australian-central-bank-launches-project-to-explore-cbdc-use-cases/

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 18, 2023, 09:50:21 PM

I can buy a plastic tub, pour in random protein powder and call it ‘Superbolic 100’.

I can then buy another plastic tub, pour in the same protein powder and call it ‘Gibs Muscle Mayhem’. There is no regulation stopping that.

Pharmaceuticals are mostly the exact same thing but different packaging and different prices.

90% of clothing is the same thing just a different label.


In other words you guys are barking down the wrong tree about shit coins. They can exist, just like everything else does. It boils down to whether or not people want to buy them. You can’t buy a BMW and then get angry when someone buys a Kia.

Bitcoin Maxis should be careful what they wish for as there are many who push BTC like madmen then claim nobody else is allowed to promote anything.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 19, 2023, 12:21:27 AM
Quote from: Mayday on March 18, 2023, 09:50:21 PM


Bitcoin Maxis should be careful what they wish for as there are many who push BTC like madmen then claim nobody else is allowed to promote anything.

We should be grateful for maxis and I'm not saying that facetiously.

They hold the price of bitcoin up and in turn most alts. They make sure crypto as an asset class doesn't death spiral and go to zero. They don't sell when it's an obvious blow off top and the price is overextended, instead they actually provide additional liquidity for sellers.

Does anyone ever thank them  for this? Nope, they mostly trolled cos laser eyes. Now after years of being taken advantage of like this, maxis have basically had to evolve into some kinda emotional support group. You really can't blame them for being mad at and hating everything and everyone else in crypto.

I hope they continue to DCA, hold and never sell. Convincing them to do otherwise is entirely against my best interests.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 19, 2023, 03:18:09 AM
Quote from: Flexacon on March 19, 2023, 12:21:27 AM
We should be grateful for maxis and I'm not saying that facetiously.

They hold the price of bitcoin up and in turn most alts. They make sure crypto as an asset class doesn't death spiral and go to zero. They don't sell when it's an obvious blow off top and the price is overextended, instead they actually provide additional liquidity for sellers.

Does anyone ever thank them  for this? Nope, they mostly trolled cos laser eyes. Now after years of being taken advantage of like this, maxis have basically had to evolve into some kinda emotional support group. You really can't blame them for being mad at and hating everything and everyone else in crypto.

I hope they continue to DCA, hold and never sell. Convincing them to do otherwise is entirely against my best interests.

I agree - maxies play an important role. Much like with any movement rehiring a mental mindset shift, you need extremists to push the message - whether is veganism, black rights, marijuana legalization, etc.

But further, if you think things just a step or two ahead, you will realize that it is in the collective interest of every Bitcoiner to both educate and advocate on Bitcoin, and to defend against any pretend Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 19, 2023, 03:24:29 AM
Quote from: Mayday on March 18, 2023, 09:50:21 PM
I can buy a plastic tub, pour in random protein powder and call it ‘Superbolic 100’.

I can then buy another plastic tub, pour in the same protein powder and call it ‘Gibs Muscle Mayhem’. There is no regulation stopping that.

Pharmaceuticals are mostly the exact same thing but different packaging and different prices.

90% of clothing is the same thing just a different label.

In other words you guys are barking down the wrong tree about shit coins. They can exist, just like everything else does. It boils down to whether or not people want to buy them. You can’t buy a BMW and then get angry when someone buys a Kia.

Bitcoin Maxis should be careful what they wish for as there are many who push BTC like madmen then claim nobody else is allowed to promote anything.

Of course there is nothing to prevent anyone from creating something promoted as being "better than Bitcoin" or "the next Bitcoin". Although there are laws in many countries which are increasingly enforce to prosecute the founders of such "projects" as issuers of illegal securities.

Bitcoin can only be invented once.

But to the fart powder example, yes anyone can put a label on a generic fart powder, and then tell the world that their version is better. This is the exact same thing we see with alt coin affinity scammers, only one difference. Bitcoin is backed by proof of work. And no coins are held as equity by any issuer. The digital energy represented by Bitcoin cannot be copied, duplicated, or stolen by any other coin.

Bitcoin maxies have thought things through the ultimate logical conclusion, which is either you have an infinite number of coins, and all are essentially valueless as a result, or we collectively agree to see shit coins for what they are, and all put our efforts into Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on March 19, 2023, 03:28:25 AM
Quote from: gib on March 18, 2023, 08:35:42 PM
Here is what I said:

"Bank deposits are insured for money (up to 250K), OF WHICH THE TREASURY CAN INFINITELY PRINT....

In other words, infinitely devalue.

Bitcoin is our protection against that..."

And what I said is of course 100% right.

As fort he emergency lending from the Treasury, if not made, the FDIC would not have sufficient funds even to cover SBV, let alone hundreds of other at risk banks.

I believe you, that you are not Mr Anabolic. Its just your obstinate style of posting and is eerily similar to his. All food though and through this discussion we educate each other, and others not to mention providing some entertainment to fellow Getbiggers with an interest in finance.

Noted that you own some BTC. Good to hear. Our interests are aligned there.

No.  You claimed that the treasury would have to print money in order to reimburse FDIC-insured deposits, which is false.

Then you claimed that the emergency lending had to do with the FDIC-insured deposits, which is false too.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 19, 2023, 03:33:45 AM
Good clip here for those wondering if QE is back or not, what happened with SVB, and what the Fed is doing. Caitlin Long is one of the few women in finance and banking who is very clear, educated, and credible.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 19, 2023, 03:37:46 AM
And one more really good one on the outlook for both interest rates and money printing. Mayday - you will like this one.  And Loco there is something here for you too specifically related to the FDIC.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 19, 2023, 03:41:32 AM
Quote from: loco on March 19, 2023, 03:28:25 AM
No.  You claimed that the treasury would have to print money in order to reimburse FDIC-insured deposits, which is false.

Then you claimed that the emergency lending had to do with the FDIC-insured deposits, which is false too.

Not false - its exactly what happened with SVB. FDIC does not even have enough in funds to reimburse SVB, let along other banks. The solution is money printing, and lending that to the banks. Money printing is inherently dilutive of value of a currency. Bitcoin is our defense against that. And that is exactly why Bitcoin has risen during this period.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on March 19, 2023, 04:05:41 AM
Quote from: gib on March 19, 2023, 03:41:32 AM
Not false - its exactly what happened with SVB. FDIC does not even have enough in funds to reimburse SVB, let along other banks. The solution is money printing, and lending that to the banks. Money printing is inherently dilutive of value of a currency. Bitcoin is our defense against that. And that is exactly why Bitcoin has risen during this period.

False.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 19, 2023, 05:36:21 AM
Quote from: gib on March 19, 2023, 03:18:09 AM
I agree - maxies play an important role. Much like with any movement rehiring a mental mindset shift, you need extremists to push the message - whether is veganism, black rights, marijuana legalization, etc.

But further, if you think things just a step or two ahead, you will realize that it is in the collective interest of every Bitcoiner to both educate and advocate on Bitcoin, and to defend against any pretend Bitcoin.

Cult of peace.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 19, 2023, 02:57:16 PM
Quote from: gib on March 19, 2023, 03:24:29 AM
Bitcoin maxies have thought things through the ultimate logical conclusion, which is either you have an infinite number of coins, and all are essentially valueless as a result, or we collectively agree to see shit coins for what they are, and all put our efforts into Bitcoin.

I think you and I agree pretty much on most of it, just slight variances here and there.

The problem with their end conclusion is it disregards how you get from A to B. Not embracing that path can lead to them not getting there at all.

Bitcoin is still king. Maxis are salty because people bought jpegs of rocks and didn’t pump Bitcoin bags to 220k. They wanted to dump on retail but the pump never came and the majority of them got stuck. Hundreds of millions lost, they want to blame anyone but themselves. It’s just anger they got it wrong IMO.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on March 19, 2023, 03:02:01 PM
Get ready boys, imminent currency collapse is now all but set to happen!

Several major banks announce coordinated action to increase US dollar liquidity provision in the global market through swap lines. The banks that will participate include: US Federal Reserve, Bank of Canada, Bank of England, Bank of Japan, Swiss National Bank and European Central Bank.

Swap lines are essentially agreements between banks to exchange currency at predetermined rates. This is an 11th hour attempt to do everything and anything to prop up the US dollar and make it more accessible for purchase. The only logical reason I can imagine they have for doing this that they are likely VERY worried about a currency collapse.

Look out below, inflation will skyrocket and QE 'till infinity.

Your cryptos will blast off soon!

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 19, 2023, 03:31:29 PM
I mentioned earlier that banks should have a business model where they hold 100% of deposits in reserve. I theorized that such a bank would do great business and people would trust them.

Well, I guess Narrow Bank tried to do that. But they were not granted a Fed account. Seems like the Fed does not want safe banks. The whole thing is rotten!

https://www.bloomberg.com/opinion/articles/2019-03-08/the-fed-versus-the-narrow-bank#xj4y7vzkg

https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/narrow-bank-challenges-traditional-industry-model-but-fed-pushes-back-49204495

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 19, 2023, 03:59:30 PM
Billionaire bets US will see hyperinflation in 90 days...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: dunkin donuts on March 19, 2023, 04:00:30 PM
Quote from: obsidian on March 19, 2023, 03:59:30 PM
Billionaire bets US will see hyperinflation in 90 days...


What will be the price of gold?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 19, 2023, 05:26:57 PM
Quote from: dunkin donuts on March 19, 2023, 04:00:30 PM
What will be the price of gold?
Very high if hyperinflation occurs. The thing about hyperinflation is it is very sudden. A matter of days. No real warning.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on March 19, 2023, 06:28:52 PM
These failing banks could definitely have managed things a lot better.

Ironically however, crypto might have indirectly caused the current banking crisis, putting fear in depositors, taking away their confidence in the banking system, thus creating liquidity issues.

The crypto ‘contagion’ that helped bring down SVB

SVB had no direct link to FTX, but was not immune to the broader contagion. Its depositors, including tech startups, crypto firms and VCs, started burning their cash reserves to run their businesses after venture capital funding dried up.

https://www.politico.eu/article/crypto-help-bring-down-svb-silicon-valley-bank-ftx/

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 19, 2023, 10:01:51 PM
Bitcoin, not crypto. :)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 19, 2023, 10:05:37 PM
Quote from: dunkin donuts on March 19, 2023, 04:00:30 PM
What will be the price of gold?

Mr Anabolic would be rolling in his grave... :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: dunkin donuts on March 19, 2023, 10:06:20 PM
Quote from: obsidian on March 19, 2023, 05:26:57 PM
Very high if hyperinflation occurs. The thing about hyperinflation is it is very sudden. A matter of days. No real warning.
good thing i stocked up on gold then. I am not brave enough to go big on bitcoin
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: dunkin donuts on March 19, 2023, 10:16:07 PM
It is still wise to keep about a years expenses worth of cash tho right? I mean just in case for some reason you lose your source of income and the price of gold/BTC happens to take a big hit at the same time you would really not want to be without cash and have to sell your precious gold/BTC at a low price. Or load up anyway but also have some smaller bars/coins to increase liquidity?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 19, 2023, 10:39:38 PM
Quote from: dunkin donuts on March 19, 2023, 10:16:07 PM
It is still wise to keep about a years expenses worth of cash tho right? I mean just in case for some reason you lose your source of income and the price of gold/BTC happens to take a big hit at the same time you would really not want to be without cash and have to sell your precious gold/BTC at a low price. Or load up anyway but also have some smaller bars/coins to increase liquidity?

Depends on what country you are in, and what type of cash you are referring to. In some countries, where cash is devaluing at 50% a year, many people don't want to have much cash hidden away at all. In the US, where cash is losing its purchasing power 7-15% a year, depending on how you measure it, many are still prepared to hold it. There is is also the issue of where to store that cash, especially if you are concerned about banks. Bitcoin of course solves that. But yea, I would suggest holding some physical cash hidden away at home.

For the above reasons, many are also opting for gold (and I think gold will do well in a time of crisis). Of course gold also his its risks and weaknesses, and so for those reasons, many are now increasingly opting to hold in Sats.

Interesting times...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on March 20, 2023, 04:17:13 AM
Quote from: gib on March 19, 2023, 10:39:38 PM
In the US, where cash is losing its purchasing power 7-15% a year, depending on how you measure it, many are still prepared to hold it.

Still prepared to hold it?  We need cash to pay bills, buy food, buy assets, pay for vacations, pay the mortgage on investment properties, pay for maintenance and repairs of investment properties, pay real estate attorneys, pay insurance premiums, pay taxes, pay accountants, pay property managers, etc.

BTC is not accepted for any of these, only USD.

In the US, wise and prudent investors don't keep cash just lying around doing nothing out of fear to invest it, and they certainly don't risk keeping it at home out of fear of the banking system.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 20, 2023, 04:35:09 AM
Quote from: loco on March 20, 2023, 04:17:13 AM
Still prepared to hold it?  We need cash to pay bills, buy food, buy assets, pay for vacations, pay the mortgage on investment properties, pay for maintenance and repairs of investment properties, pay real estate attorneys, pay insurance premiums, pay taxes, pay accountants, pay property managers, etc.

BTC is not accepted for any of these, only USD.

In the US, wise and prudent investors don't keep cash just lying around doing nothing out of fear to invest it, and they certainly don't risk keeping it at home out of fear of the banking system.

Loco, you are not stupid, for sure. But what you fail to have is foresight. Try thinking a step or 2 ahead. What people really need is a medium of exchange and a store of value. Fiat currency was used as it was the least worst and most convenient of other options. Technology has now provided with us with a superior option. New technology takes time to adopt, but make no doubts about it - it's happening...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on March 20, 2023, 04:38:57 AM
Quote from: gib on March 20, 2023, 04:35:09 AM
Loco, you are not stupid, for sure. But what you fail to have is foresight. Try thinking a step or 2 ahead. What people really need is a medium of exchange and a store of value. Fiat currency was used as it was the least worst and most convenient of other options. Technology has now provided with us with a superior option. New technology takes time to adopt, but make no doubts about it - it's happening...

Sorry, but your "superior option" is not accepted.  Only good old fiat USD is accepted.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 20, 2023, 06:06:33 AM
Quote from: loco on March 20, 2023, 04:38:57 AM
Sorry, but your "superior option" is not accepted.  Only good old fiat USD is accepted.

You can store your wealth in Bitcoin, and then simply convert to fiat specific for a single transaction via a Bitcoin Visa card for anyone who still prefers to receive fiat as a payment instead of Sats. However, as we have already seen in various countries, when people start to lose faith in the local currency, they much prefer Bitcoin to fiat.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on March 20, 2023, 06:31:05 AM
Quote from: gib on March 20, 2023, 06:06:33 AM
You can store your wealth in Bitcoin

And then watch it plummet at random times like it has many times before?  BTC is far more volatile than USD and far more volatile than US stock index funds.

Quote from: gib on March 20, 2023, 06:06:33 AM
, and then simply convert to fiat specific for a single transaction via a Bitcoin Visa card

For a steep fee.  No thank you.

Quote from: gib on March 20, 2023, 06:06:33 AM
for anyone who still prefers to receive fiat as a payment instead of Sats. However, as we have already seen in various countries, when people start to lose faith in the local currency, they much prefer Bitcoin to fiat.

It's not a matter of preference.  My "superior" BTC is not accepted anywhere I do business and spend my money, but my "inferior" fiat USD is accepted everywhere.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 20, 2023, 06:42:32 AM
Quote from: gib on March 20, 2023, 06:06:33 AM
You can store your wealth in Bitcoin, and then simply convert to fiat specific for a single transaction via a Bitcoin Visa card for anyone who still prefers to receive fiat as a payment instead of Sats. However, as we have already seen in various countries, when people start to lose faith in the local currency, they much prefer Bitcoin to fiat.

That's not correct. They prefer one of the USD stablecoins

Maybe in a bull market the preference switches to bitcoin, but it's just as likely they'll switch to an alt just like they did in the previous bull market.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 20, 2023, 06:55:46 AM
Quote from: Flexacon on March 20, 2023, 06:42:32 AM
That's not correct. They prefer one of the USD stablecoins

Maybe in a bull market the preference switches to bitcoin, but it's just as likely they'll switch to an alt just like they did in the previous bull market.

Correct.

In many developing countries there are strict foreign exchange laws and it is not possible to buy foreign currency unless travelling overseas. The cheapest and easiest way to get around this is to buy stablecoins on a crypto exchange.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 20, 2023, 07:39:53 PM
Quote from: Griffith on March 20, 2023, 06:55:46 AM
Correct.

In many developing countries there are strict foreign exchange laws and it is not possible to buy foreign currency unless travelling overseas. The cheapest and easiest way to get around this is to buy stablecoins on a crypto exchange.

This, and the above comment from Flex, are partially correct. Apart from the points made, stable coins are also desired as they can easily transferred without deduction of FX commission by an intermediary. And they can help skirt FX controls. And they are seen as avoiding bank intermediary country party risk. And of course in many countries a USD stable coin will hold it value better than a local depreciating currency.

The implications for Bitcoin are of course as follows:

Once people get comfortable with wealth stored in a tokenized form, and the benefits thereof, they will look one step ahead as to which digital currency preserves value best. The USD is of course the "least worst" choice among a 200+ fiat currencies, all of which are declining in value over time. So the next logical step is to store wealth in BTC, and use stable coins for transactions, unless of course Sats are requested (which will of course happen over time, as sellers want the most valuable asset to hold in terms of wealth preservation, vs a declining currency). This will take time, but it will enviably happen as people collectively figure out the relative long term decline trend  in value of the USD vs BTC over time. And that my friends, it where the opportunity for us lies.

A smart investor always thinks a step or two ahead...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 20, 2023, 11:53:19 PM
Quote from: OneMoreRep on March 19, 2023, 03:02:01 PM
Get ready boys, imminent currency collapse is now all but set to happen!

Look out below, inflation will skyrocket and QE 'till infinity.

Your cryptos will blast off soon!

"1"

Collapse to where?

Has Mr Anabolic taken over your account?

This is the YOLO I warned about.

Everyone gunna think they are front running the Fed  then the realisation will hit down the road that providing bank liquidity is not the same as $3,000/mth child rebates……

Since when does providing liquidity for treasuries= people are buying new iPads and TVs?

Deflationary event before inflationary policy. Where is the deflationary event? We haven’t had one so why are people salivating and calling for a rocket ship to the moon?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 21, 2023, 12:57:18 AM
Quote from: gib on March 20, 2023, 07:39:53 PM
This, and the above comment from Flex, are partially correct. Apart from the points made, stable coins are also desired as they can easily transferred without deduction of FX commission by an intermediary. And they can help skirt FX controls. And they are seen as avoiding bank intermediary country party risk. And of course in many countries a USD stable coin will hold it value better than a local depreciating currency.

The implications for Bitcoin are of course as follows:

Once people get comfortable with wealth stored in a tokenized form, and the benefits thereof, they will look one step ahead as to which digital currency preserves value best. The USD is of course the "least worst" choice among a 200+ fiat currencies, all of which are declining in value over time. So the next logical step is to store wealth in BTC, and use stable coins for transactions, unless of course Sats are requested (which will of course happen over time, as sellers want the most valuable asset to hold in terms of wealth preservation, vs a declining currency). This will take time, but it will enviably happen as people collectively figure out the relative long term decline trend  in value of the USD vs BTC over time. And that my friends, it where the opportunity for us lies.

A smart investor always thinks a step or two ahead...

We are correct in our statements.

The vast majority of people in developing countries want hard currencies in order to preserve their wealth and hedge against depreciating local currencies.

They cannot simply go into a foreign exchange store and buy USD, Euros, Pounds etc.

They might be able to open a foreign exchange account at certain banks, but there is a lot of red tape and conditions and the fees are high, making it impractical for most people.

Besides the black market, by far the easiest and cheapest way is on a crypto exchange.

Most are looking to preserve their savings, relative to the major currencies and maintain some purchasing power globally, instead of losing a percentage annually to local depreciation and another percentage to local inflation.

Another advantage of stablecoins for people in developing countries is that they can also earn interest, which can give them higher real interest rates compared to investing in their local banks.

And stablecoins use Etheruem.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 21, 2023, 03:06:43 AM
Quote from: Griffith on March 21, 2023, 12:57:18 AM
We are correct in our statements.

The vast majority of people in developing countries want hard currencies in order to preserve their wealth and hedge against depreciating local currencies.

They cannot simply go into a foreign exchange store and buy USD, Euros, Pounds etc.

They might be able to open a foreign exchange account at certain banks, but there is a lot of red tape and conditions and the fees are high, making it impractical for most people.

Besides the black market, by far the easiest and cheapest way is on a crypto exchange.

Most are looking to preserve their savings, relative to the major currencies and maintain some purchasing power globally, instead of losing a percentage annually to local depreciation and another percentage to local inflation.

Another advantage of stablecoins for people in developing countries is that they can also earn interest, which can give them higher real interest rates compared to investing in their local banks.

And stablecoins use Etheruem.

Partially correct. It is true that some stablecoins make use of Eth. Others such as USDT are issued on both ethereum and bitcoin blockchains. And of course we now see stablecoins issued o other blockchains suchas  Solana, and Algorand. They key thing to remember on all this is that BTC is the base layer of value.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 21, 2023, 05:51:54 AM
Quote from: gib on March 21, 2023, 03:06:43 AM
Partially correct. It is true that some stablecoins make use of Eth. Others such as USDT are issued on both ethereum and bitcoin blockchains. And of course we now see stablecoins issued o other blockchains suchas  Solana, and Algorand. They key thing to remember on all this is that BTC is the base layer of value.

Ethereum provides the majority of stablecoin supply.

Main stablecoins using Ethereum:

Tether (USDT)
USD Coin (USDC)
Binance USD (BUSD)
Dai
TrueUSD

Mastercard and Visa are also planning to use USDC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on March 21, 2023, 09:33:42 AM
Quote from: loco on March 20, 2023, 04:17:13 AM
Still prepared to hold it?  We need cash to pay bills, buy food, buy assets, pay for vacations, pay the mortgage on investment properties, pay for maintenance and repairs of investment properties, pay real estate attorneys, pay insurance premiums, pay taxes, pay accountants, pay property managers, etc.

BTC is not accepted for any of these, only USD.

In the US, wise and prudent investors don't keep cash just lying around doing nothing out of fear to invest it, and they certainly don't risk keeping it at home out of fear of the banking system.

What planet does gibster live in. The only services that accept bitcoin are online drug dealers and prostitutes (according to what that guy said a few pages back).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 21, 2023, 06:52:51 PM
Quote from: a_pupil on March 21, 2023, 09:33:42 AM
What planet does gibster live in. The only services that accept bitcoin are online drug dealers and prostitutes (according to what that guy said a few pages back).

This is an illogical, false, and irrelevant comment, which has already been explained to you many times.

Bitcoin can be exchanged for any good or service anyone is prepared to provide in return for it. So, if you take me as an example, I will take Bitcoin for anything I may wish to sell - house, car, shares, collectable items, gold, personal training advice, financial advisory services, etc.

Second, you are confusing the concepts of a day to day medium of exchange with a store of value. For example, we don't go around buying things in gold. But if we want to use gold to purchase something, we can always exchange the gold for fiat currency and then pay with that. My Bitcoin Visa card, allows me to do this seamlessly anywhere in the world that accepts Visa.

Most 200+ fiat currencies are ONLY commonly accepted in the country of issuance. (So for example, you if you tried to use a Swiss Franc in a McDonalds in USA, they would not accept it). But you could exchange that Franc for USD at the prevailing exchange rate, and then use that. Same concept with Bitcoin (only Bitcoin is already the most globally accepted international currency, or at least right up there with the USD as being accepted globally beyond country borders). 

Further, when assessing an investment, we need to look towards the future. So, if you you believe that BTC being used as a medium of exchange is correlated to its value, then you have to make a prediction on how BTC will be used in the future. Is Bitcoin the next logical step in a globally accepted currency? Will the trends we are already seeing of an increasing number of countries formally (or informally) adopting BTC as a currency continue? Will the rapid growth of the 2nd layer Lightening Network continue. Etc.

You have now been educated. Always try to think at least one (or ideally 2) steps ahead. It will do wonders for your success and serve you well both as an investor, and in life in general...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 22, 2023, 08:35:19 AM
Quote from: Griffith on March 21, 2023, 05:51:54 AM
Ethereum provides the majority of stablecoin supply.

Main stablecoins using Ethereum:

Tether (USDT)
USD Coin (USDC)
Binance USD (BUSD)
Dai
TrueUSD

Mastercard and Visa are also planning to use USDC.
Correct. To my knowledge there are no stablecoins on the Bitcoin network.

https://cointelegraph.com/altcoins-for-beginners/stablecoins-101-what-are-crypto-stablecoins-and-how-do-they-work#:~:text=For%20example%2C%20Wrapped%20Bitcoin%20(WBTC,backing%20to%20ensure%20price%20stability.

A crypto-backed stablecoin can be issued to launch one asset on a different blockchain. For example, Wrapped Bitcoin (WBTC) is a stablecoin backed by Bitcoin issued on the Ethereum blockchain.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 22, 2023, 08:36:34 AM
Quote from: Mayday on March 20, 2023, 11:53:19 PM
Collapse to where?

Has Mr Anabolic taken over your account?

This is the YOLO I warned about.

Everyone gunna think they are front running the Fed  then the realisation will hit down the road that providing bank liquidity is not the same as $3,000/mth child rebates……

Since when does providing liquidity for treasuries= people are buying new iPads and TVs?

Deflationary event before inflationary policy. Where is the deflationary event? We haven’t had one so why are people salivating and calling for a rocket ship to the moon?
What if that does happen? I personally don't trade. I just obtain cryptos and HODL. It is very hard to time the market. You might be sitting on the sidelines and see the prices go up...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 22, 2023, 01:05:51 PM
Quote from: obsidian on March 22, 2023, 08:36:34 AM
What if that does happen? I personally don't trade. I just obtain cryptos and HODL. It is very hard to time the market. You might be sitting on the sidelines and see the prices go up...

The majority are waiting for 13k, On the sidelines in cash. At 20k it was next stop 13k. At 23k it was next stop 13k. At 25k was next stop 13k. At 28k it is next stop 13k…..

A pullback to 24-26k is no problem. A run above 27k will be a problem for sidelined cash because we will run for 36k and at that point those people calling for 13k you are likely shitting themselves. That then becomes the YOLO.

I do think it’s a short lived rally BTW because crypto is trying to front run QE stimmy cheques way too early.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: dunkin donuts on March 29, 2023, 03:27:35 PM
so, what's getbig's bitcoin forecast? is it heading to 50k sooner than 10k?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on March 30, 2023, 03:48:05 AM
Warren Buffett believes crypto 'will come to a very bad ending'

https://finance.yahoo.com/news/come-bad-ending-just-over-120000862.html

“If you ... owned all of the bitcoin in the world and you offered it to me for $25, I wouldn’t take it,” Warren Buffett told CNBC earlier this year.

“They don't reproduce, they can't mail you a check, they can't do anything, and what you hope is that somebody else comes along and pays you more money for them later on, but then that person's got the problem.”

Though Bitcoin is intended to provide real value as a payment system, that use is still pretty limited. As Buffett sees it, Bitcoin’s value comes from the optimism that someone else will be willing to pay more for it in the future than you’re paying today.

Called the "greater fool theory".

Find a bigger fool than yourself to buy your bitcoin for more than you paid for it.

It's been done with various things over the years including tulips.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 30, 2023, 04:09:57 AM
Quote from: IroNat on March 30, 2023, 03:48:05 AM

It's been done with various things over the years including tulips.

...and gold. Only Bitcoin of course has properties far superior to gold...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on March 30, 2023, 04:28:27 AM
Quote from: gib on March 30, 2023, 04:09:57 AM
...and gold. Only Bitcoin of course has properties far superior to gold...

Like what? lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 30, 2023, 06:06:32 AM
Quote from: affeman on March 30, 2023, 04:28:27 AM
Like what? lol

You get to feel what it's like to be in a cult
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on March 30, 2023, 07:29:18 AM
Quote from: dunkin donuts on March 29, 2023, 03:27:35 PM
so, what's getbig's bitcoin forecast? is it heading to 50k sooner than 10k?

24-25k next, then over 30k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on March 30, 2023, 07:44:34 AM
Quote from: Flexacon on March 30, 2023, 06:06:32 AM
You get to feel what it's like to be in a cult

 :D :D

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ROBOAK on March 30, 2023, 09:35:13 AM
Quote from: IroNat on March 30, 2023, 03:48:05 AM
Warren Buffett believes crypto 'will come to a very bad ending'

https://finance.yahoo.com/news/come-bad-ending-just-over-120000862.html

“If you ... owned all of the bitcoin in the world and you offered it to me for $25, I wouldn’t take it,” Warren Buffett told CNBC earlier this year.

“They don't reproduce, they can't mail you a check, they can't do anything, and what you hope is that somebody else comes along and pays you more money for them later on, but then that person's got the problem.”

Though Bitcoin is intended to provide real value as a payment system, that use is still pretty limited. As Buffett sees it, Bitcoin’s value comes from the optimism that someone else will be willing to pay more for it in the future than you’re paying today.

Called the "greater fool theory".

Find a bigger fool than yourself to buy your bitcoin for more than you paid for it.

It's been done with various things over the years including tulips.

WB shits on bitcoin only because its a threat to him, just like keystone....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 30, 2023, 02:13:19 PM
Quote from: affeman on March 30, 2023, 04:28:27 AM
Like what? lol

It should be very obvious how Bitcoin is superior to gold (both as a store of value and as a medium of exchange).

The supply of Bitcoin is 100% certain. (Gold is not).
Bitcoin can be transferred globally in seconds (Gold cannot).
Gold has huge storage costs for the owner (Bitcoin does not).
Bitcoin can be divided into any transaction amount by any owner in seconds. (Gold cannot).
Gold can be confisicated at borders (Bitcoin cannot).
Gold is heavy, Very heavy is you try to carry a lot of it. (Bitcoin is not).
Gold is hard to hide if you have a lot of it. (Bitcoin is not).
Bitcoin can be used over the internet in digital transactions. (Gold cannot).
Bitcoin is integrating with the electronic banking and financial system, (Gold is not).
Bitcoin is increasingly being adopted and recognized as a currency among countries. (Gold is not).

That is not to say that gold is not a useful tool in being a store of value. Its just that Bitcoin is vastly superior on many of gold's shortcomings.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 30, 2023, 04:50:02 PM
Quote from: dunkin donuts on March 29, 2023, 03:27:35 PM
so, what's getbig's bitcoin forecast? is it heading to 50k sooner than 10k?

Don't have a price forecast, but I got DXY lows for the year in mid/late April, stocks markets peaking in May and tech earnings then crashing everything. I would expect for the most part that BTC will follow. So bitcoin mini cycle top in May followed by a June low
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 31, 2023, 12:05:10 AM
Quote from: IroNat on March 30, 2023, 03:48:05 AM
Warren Buffett believes crypto 'will come to a very bad ending'

https://finance.yahoo.com/news/come-bad-ending-just-over-120000862.html

“If you ... owned all of the bitcoin in the world and you offered it to me for $25, I wouldn’t take it,” Warren Buffett told CNBC earlier this year.

“They don't reproduce, they can't mail you a check, they can't do anything, and what you hope is that somebody else comes along and pays you more money for them later on, but then that person's got the problem.”

Though Bitcoin is intended to provide real value as a payment system, that use is still pretty limited. As Buffett sees it, Bitcoin’s value comes from the optimism that someone else will be willing to pay more for it in the future than you’re paying today.

Called the "greater fool theory".

Find a bigger fool than yourself to buy your bitcoin for more than you paid for it.

It's been done with various things over the years including tulips.
What Buffett forgets is there are many BTC holders that will never offer Bitcoin to him for $25. They simply won't sell. Does he not understand the basics of how these assets are priced?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 31, 2023, 12:07:32 AM
Quote from: IroNat on March 30, 2023, 03:48:05 AM
Warren Buffett believes crypto 'will come to a very bad ending'

https://finance.yahoo.com/news/come-bad-ending-just-over-120000862.html

“If you ... owned all of the bitcoin in the world and you offered it to me for $25, I wouldn’t take it,” Warren Buffett told CNBC earlier this year.

“They don't reproduce, they can't mail you a check, they can't do anything, and what you hope is that somebody else comes along and pays you more money for them later on, but then that person's got the problem.”

Though Bitcoin is intended to provide real value as a payment system, that use is still pretty limited. As Buffett sees it, Bitcoin’s value comes from the optimism that someone else will be willing to pay more for it in the future than you’re paying today.

Called the "greater fool theory".

Find a bigger fool than yourself to buy your bitcoin for more than you paid for it.

It's been done with various things over the years including tulips.
Buffett made his money precisely because he bought stocks based on optimism that someone else will be paying more for it in the future than he paid for it when he acquire the stock. He is a fucking hypocrite.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 31, 2023, 02:34:45 AM
Quote from: Flexacon on March 30, 2023, 06:06:32 AM
You get to feel what it's like to be in a cult

CEO of Bitcoin himself.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 31, 2023, 03:37:33 PM
Quote from: IroNat on March 30, 2023, 03:48:05 AM
Warren Buffett believes crypto 'will come to a very bad ending'

https://finance.yahoo.com/news/come-bad-ending-just-over-120000862.html

“If you ... owned all of the bitcoin in the world and you offered it to me for $25, I wouldn’t take it,” Warren Buffett told CNBC earlier this year.

“They don't reproduce, they can't mail you a check, they can't do anything, and what you hope is that somebody else comes along and pays you more money for them later on, but then that person's got the problem.”

Though Bitcoin is intended to provide real value as a payment system, that use is still pretty limited. As Buffett sees it, Bitcoin’s value comes from the optimism that someone else will be willing to pay more for it in the future than you’re paying today.

Called the "greater fool theory".

Find a bigger fool than yourself to buy your bitcoin for more than you paid for it.

It's been done with various things over the years including tulips.

WB calls it the "greater fool theory". A better phrase might be the "more enlightened theory". In other words, the more other people "get it" and understand the utility of Bitcoin, the more Bitcoin (perfectly limited in demand) will be desired, and the more its price will rise.

So, what any investor will need to figure out is simple. Over time, will we see more enlightened people, who start to understand and desire Bitcoin? Or less such people. Once you have a view on that, you can decide whether to invest or not.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 31, 2023, 05:16:56 PM
Quote from: gib on March 31, 2023, 03:37:33 PM
WB calls it the "greater fool theory". A better phrase might be the "more enlightened theory". In other words, the more other people "get it" and understand the utility of Bitcoin, the more Bitcoin (perfectly limited in demand) will be desired, and the more its price will rise.

So, what any investor will need to figure out is simple. Over time, will we see more enlightened people, who start to understand and desire Bitcoin? Or less such people. Once you have a view on that, you can decide whether to invest or not.

It's not gonna replace anything or change the world, that's just a maxi narrative. It's just gonna be another tool used in finance. You'll have various players in finance buying (through etfs) when they want to go super risk on and it will be the first thing they'll dump when they smell any trouble. No different really from what's been happening for a while.

Anyway a bunch of institutions are buying BTC big right now (US government is also selling silk rd BTC) but they don't plan on holding for long. The face ripper both up and then down should be fun. I'm on Link.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 01, 2023, 12:18:53 AM
Quote from: Flexacon on March 31, 2023, 05:16:56 PM
It's not gonna replace anything or change the world, that's just a maxi narrative. It's just gonna be another tool used in finance. You'll have various players in finance buying (through etfs) when they want to go super risk on and it will be the first thing they'll dump when they smell any trouble. No different really from what's been happening for a while.

Anyway a bunch of institutions are buying BTC big right now (US government is also selling silk rd BTC) but they don't plan on holding for long. The face ripper both up and then down should be fun. I'm on Link.

It already (obviously) is replacing various other stores of value. BTC also ROSE during each incident of banking risk, so it can clearly function as a RISK OFF asset during times of crisis.

Any sharp downward movement is of course fun and welcomed by anyone looking to acquire BTC for the long term.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: dunkin donuts on April 01, 2023, 02:15:47 AM
BTC is like gold in the sense that both are potentially worthless. Gold seems much harder to sell at the right time though
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 01, 2023, 02:40:25 AM
Quote from: gib on April 01, 2023, 12:18:53 AM
It already (obviously) is replacing various other stores of value. BTC also ROSE during each incident of banking risk, so it can clearly function as a RISK OFF asset during times of crisis.

Any sharp downward movement is of course fun and welcomed by anyone looking to acquire BTC for the long term.

No the price of bitcoin went DOWN on news of SVB/banking risks. Btc was actually heading for a crash, but news of the emergency liquidity backstop caused price to rise again as the really smart ones knew straight away it was RISK ON time again. The not so smart ones started buying later as they thought it was QE time again.

Once the backstop was announced any banking risk was contained. From there on only bank shareholders could get hurt. It's been RISK ON ever since (but it won't be for long) You knew all this already though.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on April 01, 2023, 02:50:51 AM
Quote from: gib on March 30, 2023, 02:13:19 PM
It should be very obvious how Bitcoin is superior to gold (both as a store of value and as a medium of exchange).

The supply of Bitcoin is 100% certain. (Gold is not). Yeah but BTC is nothing so the supply of nothing is 100% certain
Bitcoin can be transferred globally in seconds (Gold cannot). But you're transferring nothing
Gold has huge storage costs for the owner (Bitcoin does not). But with BTC you're storing nothing so of course it doesn't have huge storage costs
Bitcoin can be divided into any transaction amount by any owner in seconds. (Gold cannot). Sure it can be divided, but you're dividing nothing so who f*ing cares? lol
Gold can be confisicated at borders (Bitcoin cannot). BTC obviously can't be confiscated cause you can't confiscate nothing
Gold is heavy, Very heavy is you try to carry a lot of it. (Bitcoin is not). BTC is nothing so obviously it's not that heavy lol
Gold is hard to hide if you have a lot of it. (Bitcoin is not). BTC is nothing so it's easy to hide, I give you that
Bitcoin can be used over the internet in digital transactions. (Gold cannot). Yeah, but you're using nothing so who cares?
Bitcoin is integrating with the electronic banking and financial system, (Gold is not). Is it? In El Salvador maybe...lol
Bitcoin is increasingly being adopted and recognized as a currency among countries. (Gold is not). Is it? In El Salvador maybe...lol

That is not to say that gold is not a useful tool in being a store of value. Its just that Bitcoin is vastly superior on many of gold's shortcomings.

Hope this helps :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on April 01, 2023, 04:12:34 AM
I see no problem with taking a position in crypto.

Since it is high risk you should keep a small position relative to your more traditional investments.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: dunkin donuts on April 01, 2023, 08:19:06 AM
I placed an order for 1 bitcoin at 25k, I will let you know when the order is filled, that will be the top signal and it will then go to to absolutely zero
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on April 01, 2023, 02:18:32 PM
Quote from: dunkin donuts on April 01, 2023, 08:19:06 AM
I placed an order for 1 bitcoin at 25k, I will let you know when the order is filled, that will be the top signal and it will then go to to absolutely zero

We are the sheep.

The sheep always move together at the wrong time.

We don't have the inside intel like the players.

That's why you go with index funds. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: dunkin donuts on April 01, 2023, 02:21:33 PM
Quote from: IroNat on April 01, 2023, 02:18:32 PM
We are the sheep.

The sheep always move together at the wrong time.

We don't have the inside intel like the players.

That's why you go with index funds.
whatever i do always fails, it's weird since whatever i dont do always wins
maybe going all in on scotch is the best idea
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 01, 2023, 02:22:08 PM
Quote from: dunkin donuts on April 01, 2023, 08:19:06 AM
I placed an order for 1 bitcoin at 25k, I will let you know when the order is filled, that will be the top signal and it will then go to to absolutely zero

Dunkin price indicator :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: dunkin donuts on April 01, 2023, 02:24:34 PM
Quote from: Mayday on April 01, 2023, 02:22:08 PM
Dunkin price indicator :D
i also went big on gold this year, so it's probably going to take massive losses
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 03, 2023, 01:59:19 PM
One of the more credible guys (cobie) on crypto twitter is saying there is an "Interpol Red Notice for CZ". Do with that what you will. I know what I'm doing..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 03, 2023, 02:57:17 PM
Quote from: Flexacon on April 03, 2023, 01:59:19 PM
One of the more credible guys (cobie) on crypto twitter is saying there is an "Interpol Red Notice for CZ". Do with that what you will. I know what I'm doing..

Saw that aswell through credible channels.

CZ is in Hong Kong currently so if true nothing is going to happen unless he leaves I guess  ???

A pullback is expected anyway so this could also just be FUD to blame the pullback on as someone dumps size behind a headline.

COIN starting to look like an opportunity if they become the sole US exchange.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 03, 2023, 06:50:13 PM
Quote from: Mayday on April 03, 2023, 02:57:17 PM
Saw that aswell through credible channels.

CZ is in Hong Kong currently so if true nothing is going to happen unless he leaves I guess  ???

A pullback is expected anyway so this could also just be FUD to blame the pullback on as someone dumps size behind a headline.

COIN starting to look like an opportunity if they become the sole US exchange.

Looks like you might be right, strange though that BTC still hasn't fully recovered after the pullback but ETH has.

Might still take a $coin position for the next month or 2 anyway.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 11, 2023, 01:07:11 AM
Nice to see BTC hit 30k again.

ETH would have been a lot higher if it was not for that greasy cockroach Gensler. And of course people are banking on an ETH sell-off after the Shanghai upgrade. This could happen, however, I think it will correct itself after the initial selling action stops. Will be interesting to see how much ETH is burned in the process.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 11, 2023, 01:31:35 AM
Quote from: obsidian on April 11, 2023, 01:07:11 AM
Nice to see BTC hit 30k again.

ETH would have been a lot higher if it was not for that greasy cockroach Gensler. And of course people are banking on an ETH sell-off after the Shanghai upgrade. This could happen, however, I think it will correct itself after the initial selling action stops. Will be interesting to see how much ETH is burned in the process.

They ran the stops of all the short positions. My feed was filled with shorter at 28.5k.

Might see a pullback before another leg. May Fed meeting is important.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: dunkin donuts on April 11, 2023, 11:45:57 AM
I cancelled my buy order for 1 btc at 25k because I fear it will crash to 15k again or lower. So basically get ready for 1 million dollar btc because I am always wrong
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 11, 2023, 03:59:01 PM
1 million per BTC is very likely to occur. How long it takes to get there depends on rate of adoption and speed of USD money printing.

As Mr Anabolic used to say, "First $100,000, then a million"...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on April 11, 2023, 06:54:48 PM
Quote from: gib on April 11, 2023, 03:59:01 PM
1 million per BTC is very likely to occur. How long it takes to get there depends on rate of adoption and speed of USD money printing.

As Mr Anabolic used to say, "First $100,000, then a million"...

Quote from: Theoak* on March 16, 2023, 10:20:20 PM
(http://)
 It's either btc goes to 0 or 1million and if it goes to 1million, it's going a lot higher.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 12, 2023, 07:59:14 PM
Quote from: gib on September 02, 2017, 07:17:35 AM
Could easily get to 10k per coin by year end. We are far from the point where he average man in the street is buying. It's still really geeks and bankers (and a few getbiggers). But just imagine when this goes mainstream.

Nice quote from Gib circa 2017...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 12, 2023, 08:04:30 PM
Quote from: Mr Anabolic on September 04, 2017, 08:26:09 AM

Me thinks $5000 was THE top.  Let's see if I'm right.

Nope Mr Anabolic, Your were far from being right...  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on April 13, 2023, 06:03:48 AM
Quote from: gib on April 12, 2023, 07:59:14 PM
Nice quote from Gib circa 2017...

You have been wrong about Ethereum every year since 2017.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: dunkin donuts on April 13, 2023, 03:00:46 PM
Quote from: IroNat on April 01, 2023, 02:18:32 PM
We are the sheep.

The sheep always move together at the wrong time.

We don't have the inside intel like the players.

That's why you go with index funds.
What about learning technical analysis and swing trading? Is it possible?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 13, 2023, 06:23:54 PM
Quote from: Flexacon on April 03, 2023, 01:59:19 PM
One of the more credible guys (cobie) on crypto twitter is saying there is an "Interpol Red Notice for CZ". Do with that what you will. I know what I'm doing..
Could this be because he did not bailout major "Democratic" donor SBF? They are pissed off because he failed to rescue their gravy train of corruption?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 13, 2023, 06:29:59 PM
Quote from: Griffith on April 13, 2023, 06:03:48 AM
You have been wrong about Ethereum every year since 2017.
I expected ETH to dump after Shanghai in a "buy the rumor sell the news" fashion. This does not seem to have happened. Instead, the benefit of unstaking is giving people more faith in Ethereum. Ethereum is up almost 10% in the past 24 hours. Nice!

Vitalik claims most of the hard upgrades have been made. The future upgrades will not be as tricky apparently. They do want to upgrade to sharding before the next bull run to reduce high fees.

https://therroundup.medium.com/rrupdates-ethereum-went-to-shanghai-whats-the-fuss-all-about-21eaf26d03ac

During the live stream of a Shapella Mainnet Watch Party, Vitalik Buterin, the Ethereum blockchain co-founder, said,

“We’re in a stage where the hardest and fastest parts of the Ethereum protocol’s transition are basically over. Very significant things still need to be done, but those very significant things can be safely done at a slower pace.” — Vitalik Buterin, Ethereum Co-Founder

Buterin stated that after Shanghai, the blockchain would focus on scaling and making transactions faster and cheaper:

“If we don’t fix scaling before the next bull run, we know people are going to be stuck paying $500 transactions. If, on the other hand, we don’t have Verkle Trees before the next bull run, well, things might suck, but you know, it’s a much smaller problem than, you know, $500 transactions, right?” — Vitalik Buterin, Ethereum Co-Founder
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 13, 2023, 06:34:44 PM
5-year gains for top 8 coins. Check out BNB's gains! I got into BNB at around $8.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 13, 2023, 07:45:05 PM
Quote from: obsidian on April 13, 2023, 06:23:54 PM
Could this be because he did not bailout major "Democratic" donor SBF? They are pissed off because he failed to rescue their gravy train of corruption?

It turned out not to be true (at least for the time being)

There was something put out for Justin Sun (Tron/Huobi) so maybe they are just working up the food chain.

With regards to staking and security of Ethereum check out EigenLayer. It's a restaking protocol and if it works as intended it's game changer for Eth and web3 ambitions.

https://www.eigenlayer.xyz/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 13, 2023, 08:24:03 PM
Quote from: Flexacon on April 13, 2023, 07:45:05 PM
It turned out not to be true (at least for the time being)

There was something put out for Justin Sun (Tron/Huobi) so maybe they are just working up the food chain.

With regards to staking and security of Ethereum check out EigenLayer. It's a restaking protocol and if it works as intended it's game changer for Eth and web3 ambitions.

https://www.eigenlayer.xyz/
That's wild! It's amazing with all the ideas people come up with. I think we are only at the tip right now.

One major use case I think we'll see is law enforcement being able to validate photos and videos as real. Deep fakes will eventually improve to the point where events can be faked. If a photo's signature is recorded on a blockchain it can be confirmed as legit. In the future, we might get real-time deep fakes where a mobile phone's camera can replace a person's head in real-time. Somehow law enforcement will have to be able to confirm if a video is unaltered. I expect image technologies like JPG and MP4 will require updates to interface with blockchain tech on the metadata level.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 14, 2023, 03:48:22 AM
Quote from: obsidian on April 13, 2023, 08:24:03 PM
That's wild! It's amazing with all the ideas people come up with. I think we are only at the tip right now.

One major use case I think we'll see is law enforcement being able to validate photos and videos as real. Deep fakes will eventually improve to the point where events can be faked. If a photo's signature is recorded on a blockchain it can be confirmed as legit. In the future, we might get real-time deep fakes where a mobile phone's camera can replace a person's head in real-time. Somehow law enforcement will have to be able to confirm if a video is unaltered. I expect image technologies like JPG and MP4 will require updates to interface with blockchain tech on the metadata level.

People might begin to understand why they need to lose their right to privacy. It isn't privacy you are trying to protect, it's your identity!

Social media just steals content from true creators so this will also solve it as royalties will be paid to people posting content of other people.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 17, 2023, 10:23:15 PM
It's over for the next couple of weeks.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 19, 2023, 05:49:35 AM
Quote from: Flexacon on January 06, 2023, 03:42:58 PM

"Whales (professional traders) act as market makers on "self-regulated" crypto exchanges, and pay no fees to these exchanges and  do not want to trade against each other (which is why such trades are called "toxic flow").

These market makers run ultra-HF algos that can perform trades (like "layering" and "spoofing") that are illegal on ordinary exchanges.

In 2023 the algos will be configured to manage a bitcoin bull run. Why?

Well, how else will they draw retail traders like you and me (who are now very scared) back to trading crypto?

Both market makers and exchanges need retail investors to come back. Exchanges need their fee income (market makers pay no fees), and for market makers it is because when their algos are equally good (i.e. not Alameda's) they have only a 50-50 change of winning a trade.

But retail investors who take risky, leveraged positions are very likely to be wiped out

The person behind this incredibly accurate post (a veteran professor of finance, former quant turned crypto expert) is super bearish right now.

No time line, but predicting a possible luna/terra type event, maybe worse across defi with Lido and stETH de-peg being the likely catalyst. $8 billion of staked ETH is potentially at risk. Describes the situation as a house of cards.

For comparison remember protocols like Anchor and luna offered 20% returns before blowing up. Few months ago protocols like lido offered 5% for staking, now they are promising 40% Huge red flag!

If it looks too good to be true, it probably is...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 26, 2023, 06:22:25 PM
In this 2018 video, Gary Gensler claims in his college class that 3/4 of cryptos are not securities but commodities. Now he claims most cryptos are securities.

This guy is a total clown and his own words will be his downfall. A lawyer could easily dismantle him and point to his flip-flopping. I wonder if the banks are padding this guy's pockets? Someone should investigate and perhaps he needs to see some prison time, besides losing his job?!


Most Crypto Assets are NOT securities says Gary Gensler in a 2018 lecture when he was a professor at MIT. 3/4 are commodities! No wonder the US is falling behind with crypto regulation as even the Head of the SEC contradicts himself.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 26, 2023, 06:29:56 PM
Quote from: Mayday on April 14, 2023, 03:48:22 AM
People might begin to understand why they need to lose their right to privacy. It isn't privacy you are trying to protect, it's your identity!

Social media just steals content from true creators so this will also solve it as royalties will be paid to people posting content of other people.
You don't have to lose your privacy if a photo's origin is recorded on a blockchain. It would just be a backup in case someone fakes your identity to frame you for a crime. If the doctored photo or video does not have a matching signature it's not authentic. Not sure how they would technically achieve this. Here's a link that dives into it a bit.

https://www.weforum.org/agenda/2021/10/how-blockchain-can-help-combat-threat-of-deepfakes/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: dunkin donuts on April 26, 2023, 09:07:07 PM
I canceled my bitcoin order and withdrew my money out of fear of coinbase collapsing. This is dunkin indicator for extreme fear and therefore signals a buying opportunity. Btc to the moon any day now
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 26, 2023, 10:20:32 PM
Quote from: obsidian on April 26, 2023, 06:29:56 PM
You don't have to lose your privacy if a photo's origin is recorded on a blockchain. It would just be a backup in case someone fakes your identity to frame you for a crime. If the doctored photo or video does not have a matching signature it's not authentic. Not sure how they would technically achieve this. Here's a link that dives into it a bit.

https://www.weforum.org/agenda/2021/10/how-blockchain-can-help-combat-threat-of-deepfakes/

But you do if you want royalty payments or want to protect/own your information.

There is zero chance the path ahead is one of anonymity Because Infrastructure being built is based around removing privacy which protects identity.

A big part of removing identity is to reduce digital pollution which will increase bandwidth and storage. When you have anonymity you can create unlimited fake identities.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 15, 2023, 08:41:40 PM
Looks like the casino will be staying open a little longer.

- The SECGov has filed its response to coinbase’s complaint over how it applies securities laws to digital assets, asking the Court to deny Coinbase’s petition for mandamus.

- Chair Gensler cites cases suggesting that 10-20 year rule makings are acceptable.

(https://pbs.twimg.com/media/FwNUlLSXgAA7AR-?format=png&name=small)

Expecting Bitcoin/crypto to start following China money (TSF) more closely now though.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 17, 2023, 08:00:18 PM
Just received an email from Binance in Australia that AUD deposits and withdrawals are no longer available due to their 3rd party banking provider suspending them.

I got my stuff off there last year as I didn’t want the worry of having money on a Chinese exchange.

The govt owns the on/off ramps so they’ll allow only certain people access to those. I was hoping KYC wallets would have become a thing by now otherwise they’ll be next.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 18, 2023, 05:25:52 AM
Quote from: Mayday on May 17, 2023, 08:00:18 PM
Just received an email from Binance in Australia that AUD deposits and withdrawals are no longer available due to their 3rd party banking provider suspending them.

I got my stuff off there last year as I didn’t want the worry of having money on a Chinese exchange.

The govt owns the on/off ramps so they’ll allow only certain people access to those. I was hoping KYC wallets would have become a thing by now otherwise they’ll be next.

That's US, Canada and Australia putting Binance on the naughty step. Guess Europe is next.

Looks like the Pulsechain bridge is live. Seeing some got a x3. Did it print for you?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 18, 2023, 07:43:25 AM
Flexacoin - yes, Binance has been operating in an unregulated manner in many countries. Bitcoin in Oz is going "corporate" meaning we will see large retail banks and stock brokers and pension funds, maybe even Government institutions offering Bitcoin related services, with off shore players like Binance squeezed out.

Meanwhile, Singapore and Hong Kong are gearing up for an absolute of explosion of fiat into Bitcoin. Give it 12 months or so...

More and more people are starting to realize that they don't want a money controlled by the Government. Any Government. They are starting to realize that as long as any Government controls your money, (let alone a bank) you are not truly free!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 19, 2023, 12:25:19 AM
Quote from: Flexacon on May 18, 2023, 05:25:52 AM
That's US, Canada and Australia putting Binance on the naughty step. Guess Europe is next.

Looks like the Pulsechain bridge is live. Seeing some got a x3. Did it print for you?

Yes I have my Pulsex.

Only people with Pulsechain can currently move coins around. Many are getting wrecked trading on the bridge.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 20, 2023, 09:23:21 PM
Quote from: gib on May 18, 2023, 07:43:25 AM
Flexacoin - yes, Binance has been operating in an unregulated manner in many countries. Bitcoin in Oz is going "corporate" meaning we will see large retail banks and stock brokers and pension funds, maybe even Government institutions offering Bitcoin related services, with off shore players like Binance squeezed out.

Meanwhile, Singapore and Hong Kong are gearing up for an absolute of explosion of fiat into Bitcoin. Give it 12 months or so...

More and more people are starting to realize that they don't want a money controlled by the Government. Any Government. They are starting to realize that as long as any Government controls your money, (let alone a bank) you are not truly free!

Yes it's good to see. It was my reasoning behind why I think there will still be at least one more cycle (see my posts below from last year)

This time just don't forget to dump on the new people who will be pumping us to a new bull market :D

Quote from: Flexacon on September 22, 2022, 02:17:53 PM
All the big market makers like citadel, virtu and brokers like Fidelity are moving into crypto. Once btc finds the right market conditions it will hit $96k like it was nothing.
Quote from: Flexacon on November 11, 2022, 06:54:48 PM
Long term I'm still very bullish too, but it could take a while. I think we're about to enter a 2015 type year long sideways market.

We'll get regulations coming in and this will allow traditional market makers to enter the space. Citadel, Virtu, Jane Street etc. They will probably use something similar to the FTX/Alemeda model, just without the degeneracy.

I am additionally bullish now for more future cycles because of the current weakness of commodities relative to equities which is lower than it's been for 50+ years . If we are in for an inflationary decade then commodities will soar. Just a small fraction of that money making its way into crypto will be rocket fuel to the prices.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 20, 2023, 09:30:54 PM
Quote from: Mayday on May 19, 2023, 12:25:19 AM
Yes I have my Pulsex.

Only people with Pulsechain can currently move coins around. Many are getting wrecked trading on the bridge.

It's just people falling for scams right getting wrecked? Although pulsechain being a better version of ethereum was a scam narrative too.

The actual bridge is just congested. But the money potentially on there is real. Wasn't almost $billion sacrificed? Non US are having to use a vpn to access it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 21, 2023, 04:29:40 PM
Quote from: Flexacon on May 20, 2023, 09:30:54 PM
It's just people falling for scams right getting wrecked? Although pulsechain being a better version of ethereum was a scam narrative too.

The actual bridge is just congested. But the money potentially on there is real. Wasn't almost $billion sacrificed? Non US are having to use a vpn to access it.

People trading on the Pulsechain network amongst the coins because volatility is so high.

Bridge is 95% cleared now. No on ramp for new money yet, it’s just the existing pool of people.

Haven’t heard anything about a vpn.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on May 24, 2023, 04:11:24 PM
Nvidia up over 20% After hours. Yeah, they beat on earnings but not by that much. My guess is that this is a massive short squeeze. The stock has had a big run up. Traders trying to guess the top getting burned.

The stock will probably go up even more when the market opens as traders scramble to cover shorts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 24, 2023, 10:52:58 PM
Quote from: Thin Lizzy on May 24, 2023, 04:11:24 PM
Nvidia up over 20% After hours. Yeah, they beat on earnings but not by that much. My guess is that this is a massive short squeeze. The stock has had a big run up. Traders trying to guess the top getting burned.

The stock will probably go up even more when the market opens as traders scramble to cover shorts.

It's the biggest bubble out there right now, but it's a crowded long. Shorts got spanked and left at around 250-275. It will probably keep going up until one of the really big long positions exits and that starts a cascade, or a share offering tanks it.

They beat earnings expectations, but revenues were down on same quarter last year. The expectation is that Microsoft and Apple will buy their chips for the AI surge, but both  Microsoft and Apple have said they want to develop their own chips.

It's could end up looking like this

(https://pbs.twimg.com/media/Fw8ipUFWYAEWDFn?format=jpg&name=small)

On a side note the Nvidia shield TV pro and it's AI upscaling is an excellent streaming device. Just for that I hope they stick around even though they've spoiled my SPX short.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 02, 2023, 11:46:15 PM
Interesting observation how when BTC price becomes stable, less people seem interested in discussing it here.

Well, that stability may be about to end, with an upward trend again about to emerge. We have the halfing approaching in less than a year, and we have China suddenly opening up the fiat floodgates via banks in Hong Kong, making was for Billions to flow into Bitcoin. Strategically quite smart to take advantage of the regulatory confusion in the US. Next 12 months could be very interesting and make the current price at below 30K seem like an absolute bargain...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on June 07, 2023, 04:24:55 AM
SEC sues Coinbase as pressure on crypto world rises

June 6, 2023

"The Securities and Exchange Commission filed a lawsuit against cryptocurrency exchange Coinbase Global (COIN) as the regulator turns up its pressure on the crypto world.

The SEC alleges Coinbase, the largest crypto exchange in the US, violated securities laws by acting as an exchange, a broker and a clearing agency without registering with the agency. It also offered and sold securities without registering its offers and sales, the SEC said."

https://finance.yahoo.com/news/sec-sues-coinbase-as-pressure-on-crypto-world-rises-144019913.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on June 07, 2023, 04:30:21 AM
Quote from: gib on June 02, 2023, 11:46:15 PM
Interesting observation how when BTC price becomes stable, less people seem interested in discussing it here.

Well, that stability may be about to end, with an upward trend again about to emerge. We have the halfing approaching in less than a year, and we have China suddenly opening up the fiat floodgates via banks in Hong Kong, making was for Billions to flow into Bitcoin. Strategically quite smart to take advantage of the regulatory confusion in the US. Next 12 months could be very interesting and make the current price at below 30K seem like an absolute bargain...

"To the moon!!" "HODL" "It's still early...!!" lol

 ::) ::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 07, 2023, 02:22:01 PM
Quote from: loco on June 07, 2023, 04:24:55 AM
SEC sues Coinbase as pressure on crypto world rises

June 6, 2023

"The Securities and Exchange Commission filed a lawsuit against cryptocurrency exchange Coinbase Global (COIN) as the regulator turns up its pressure on the crypto world.

The SEC alleges Coinbase, the largest crypto exchange in the US, violated securities laws by acting as an exchange, a broker and a clearing agency without registering with the agency. It also offered and sold securities without registering its offers and sales, the SEC said."

https://finance.yahoo.com/news/sec-sues-coinbase-as-pressure-on-crypto-world-rises-144019913.html


Probably just ends in fines. Binance is where shit is looking like hitting the fan.

Quote from: affeman on June 07, 2023, 04:30:21 AM
"To the moon!!" "HODL" "It's still early...!!" lol

 ::) ::)

None of the current news stories has much to do with bitcoin as a protocol. Price dumping is an opportunity. Needs to dump a lot more before I'm interested though.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 07, 2023, 04:51:02 PM
Both Binance and Coinbase are selling Eth and other shitcoins and unregistered securities. The message here is clear. Sell unregistered securities and you are fucked...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 07, 2023, 05:16:47 PM
Quote from: gib on June 07, 2023, 04:51:02 PM
Both Binance and Coinbase are selling Eth and other shitcoins and unregistered securities. The message here is clear. Sell unregistered securities and you are fucked...

I wouldn't get too excited just yet

The message to coinbase was regarding staking as service (the CEO has said he will continue operating staking services and meet SEC/Gensler in court)

Binance has a whole heap of different issues going on similar to FTX (CEO has said he doesn't need to appear in person for his summons)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 07, 2023, 05:55:53 PM
Quote from: gib on June 02, 2023, 11:46:15 PM
Interesting observation how when BTC price becomes stable, less people seem interested in discussing it here.

Well, that stability may be about to end, with an upward trend again about to emerge. We have the halfing approaching in less than a year, and we have China suddenly opening up the fiat floodgates via banks in Hong Kong, making was for Billions to flow into Bitcoin. Strategically quite smart to take advantage of the regulatory confusion in the US. Next 12 months could be very interesting and make the current price at below 30K seem like an absolute bargain...

Entries and exits are a long time apart. I bought back at 17.5k and had to wait about 9 months to sell. Almost a year of waiting.

Similar to now, Probably nothing until Q4. Then 2024. A 2.5x-3x return on Bitcoin from here would be a very nice return.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 08, 2023, 03:09:38 AM
Quote from: gib on June 07, 2023, 04:51:02 PM
Both Binance and Coinbase are selling Eth and other shitcoins and unregistered securities. The message here is clear. Sell unregistered securities and you are fucked...
You'll notice the SEC did not mention Ethereum but focused on Cardano, Solana etc.

Ethereum thus far has not been classified as a security and courts will have to decide that, should Mr. Gensler opt to go that route. He can only sue. He is powerless to do anything but that. Hopefully, his ass will be long gone soon. The SEC should be dissolved along with the FBI and CIA. They are just a nuisance and harassing citizens. Nobody wants them.

My opinion is Ethereum is not a security and that's that.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 08, 2023, 03:14:06 AM
Quote from: Flexacon on June 07, 2023, 02:22:01 PM

Probably just ends in fines. Binance is where shit is looking like hitting the fan.

None of the current news stories has much to do with Bitcoin as a protocol. Price dumping is an opportunity. Needs to dump a lot more before I'm interested though.
Gensler is probably pissed off that CZ did not help out his buddy SBF at FTX which made him look bad since he was meeting with SBF so often. Now they are trying to incite a bank run on Binance by scaring people with the effort to freeze Binance.US' assets. I guess Gensler never read the job description where it says his task would be to protect investors. He and the SEC have been doing everything but protect investors.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 08, 2023, 06:48:37 AM
Quote from: obsidian on June 08, 2023, 03:14:06 AM
Gensler is probably pissed off that CZ did not help out his buddy SBF at FTX which made him look bad since he was meeting with SBF so often. Now they are trying to incite a bank run on Binance by scaring people with the effort to freeze Binance.US' assets. I guess Gensler never read the job description where it says his task would be to protect investors. He and the SEC have been doing everything but protect investors.

Binance have put this out. Gensler approached them for an advisory position before he got the SEC job.

Brutal if true!

(https://pbs.twimg.com/media/FyGZY5FaYAArEea?format=png&name=small)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 10, 2023, 06:44:14 PM


SEC laying the smack down.

Robinhood delisting a bunch of tokens and liquidating the positions in June.

Bloodbath hasn’t started 🩸

BTC dominance trying to launch above the top level. no doubt it’ll break above soon enough.

Gib should be gloating this next 1-2 months! Gib! Now is your time to shine!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 10, 2023, 06:57:58 PM
Quote from: Mayday on June 10, 2023, 06:44:14 PM

SEC laying the smack down.

Robinhood delisting a bunch of tokens and liquidating the positions in June.

Bloodbath hasn’t started 🩸

BTC dominance trying to launch above the top level. no doubt it’ll break above soon enough.

Gib should be gloating this next 1-2 months! Gib! Now is your time to shine!

Fuck Gib (not personal) I'll out gloat before he even gets a chance.

I called it last year.

Quote from: Flexacon on September 10, 2022, 10:02:11 PM
I'm exiting positions because of potential regulations not market conditions.

The SEC has been vocal on supporting Bitcoin and Ethereum being regulated as commodities. Bullish for BTC and ETH but it doesn't look good for everything else.

No point taking the risk sitting in ALTS right now with this potential nuke. Actual nuke could be months or even years away, but with BTC dominance where it now ALTS don't look worth the risk.

I have my SEC proof shopping list ready to go if we get the real nuke (binance)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 10, 2023, 08:58:03 PM
Quote from: Flexacon on June 10, 2023, 06:57:58 PM
Fuck Gib (not personal) I'll out gloat before he even gets a chance.

I called it last year.

I have my SEC proof shopping list ready to go if we get the real nuke (binance)

Binance in Oz is fucked.

I can’t deposit money anymore from an AU bank account. Also cannot withdraw. So it’s basically no different to Defi at this point. The main exchange based on prison island here is running perfectly fine which i think is the only true on/off ramp.

 BTC dominance is ready to crack above which means capitulation hasn’t even started yet if it does run above that 49 mark. If it goes what is the target? 60? 🤔
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 10, 2023, 10:06:16 PM
Quote from: Mayday on June 10, 2023, 08:58:03 PM
Binance in Oz is fucked.

I can’t deposit money anymore from an AU bank account. Also cannot withdraw. So it’s basically no different to Defi at this point. The main exchange based on prison island here is running perfectly fine which i think is the only true on/off ramp.

 BTC dominance is ready to crack above which means capitulation hasn’t even started yet if it does run above that 49 mark. If it goes what is the target? 60? 🤔

I'll let you know next time I watch a Benjamin Cowen video as he's been on this dominance thing forever. Stablecoins slightly changed how you'd look at BTC dominance though.

Also Eth going down with Alts or hanging with Btc will effect the dominance picture. Don't forget XRP either. It's been surprisingly strong recently and the SEC case should reach a conclusion within a few months (latest end of Sept) Lose and btc dominance will spike even higher.

Can you imagine if Ripple win though . It would be reverse uno for the SEC and the greatest psyop ever. Market confidence would be back in a huge way. Gotta be ready for that just in case.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on June 11, 2023, 01:00:46 AM
Quote from: Flexacon on June 10, 2023, 10:06:16 PM
I'll let you know next time I watch a Benjamin Cowen video as he's been on this dominance thing forever. Stablecoins slightly changed how you'd look at BTC dominance though.

Also Eth going down with Alts or hanging with Btc will effect the dominance picture. Don't forget XRP either. It's been surprisingly strong recently and the SEC case should reach a conclusion within a few months (latest end of Sept) Lose and btc dominance will spike even higher.

Can you imagine if Ripple win though . It would be reverse uno for the SEC and the greatest psyop ever. Market confidence would be back in a huge way. Gotta be ready for that just in case.

"To the moon!!" "HODL" "It's still early...!!" lol

 ::) ::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 12, 2023, 02:43:21 AM
Quote from: Flexacon on June 10, 2023, 10:06:16 PM
I'll let you know next time I watch a Benjamin Cowen video as he's been on this dominance thing forever. Stablecoins slightly changed how you'd look at BTC dominance though.

Also Eth going down with Alts or hanging with Btc will effect the dominance picture. Don't forget XRP either. It's been surprisingly strong recently and the SEC case should reach a conclusion within a few months (latest end of Sept) Lose and btc dominance will spike even higher.

Can you imagine if Ripple win though . It would be reverse uno for the SEC and the greatest psyop ever. Market confidence would be back in a huge way. Gotta be ready for that just in case.

XrP bag holders talk non-stop how it’ll go to number one. Im not convinced a total failure last cycle means it goes to number 1 in the next.

This is the last ATH for close to 20yrs. 98% will fuck up the exit and be late. We are not hitting 100k.

After watching that ‘Arnold’ series yesterday I’m pretty sure I’m an NPC so im Doomed regardless of what I think lol 😂

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 12, 2023, 08:51:23 AM
Quote from: Mayday on June 12, 2023, 02:43:21 AM
XrP bag holders talk non-stop how it’ll go to number one. Im not convinced a total failure last cycle means it goes to number 1 in the next.

This is the last ATH for close to 20yrs. 98% will fuck up the exit and be late. We are not hitting 100k.

After watching that ‘Arnold’ series yesterday I’m pretty sure I’m an NPC so im Doomed regardless of what I think lol 😂

I'm not confident on XRP, but stranger things have happened.

Anyway this is how you should feel. I felt the same last cycle. I thought it would take another 10 years to reach a 20k again. Everyone needs to feel like it's all over, everyone who isn't directly involved in development needs to leave crypto, alts need to drop 98%. Btc dominance needs to rocket whilst its USD value drops. After all this happens you might still need to wait a few more months.

It should feel like you're making a terrible decision if and when you decide to get involved again. Every time you check crypto news it should make you wanna sell, but you don't. Just write the money off and leave crypto. You either lose it all or x10 it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 12, 2023, 09:34:48 AM
Bank of China investment arm issues tokenized notes on Ethereum

BOCI, an investment arm of the Bank of China, issued tokenized notes in Hong Kong, marking the first time that a financial institution in China has issued a digital note in the region.

UBS partnered with BOCI to issue the notes, which were tokenized on the Ethereum blockchain. BOCI issued 200 million Chinese yuan worth of notes, which translates to roughly $28 million.

”Working together with UBS, we are driving the simplification of digital asset markets and products, for customers in Asia Pacific through the development of blockchain-based digital structured products, designed specifically for customers in Asia Pacific. We are encouraged by the evolution of Hong Kong’s digital economy and are committed to promoting the digital transformation and innovative development of Hong Kong’s financial industry,” said Ying Wang, deputy CEO at BOCI.

Hong Kong is working toward becoming a crypto hub, with Paul Chan Mo-po, the financial secretary, previously saying that Hong Kong will be embracing regulation.

“The virtual asset market has fluctuated greatly, and some virtual asset exchanges have closed down recently, which makes some people in the society doubt the prospects of Web3. However, we believe this is the right time to push Web3 forward,” he said in a blog post.

The special administrative region lifted its crypto retail trading ban this month and has encouraged crypto exchanges to seek licenses in the region.

The Securities and Futures Commission established exchange guidelines — and firms such as Huobi, OKX and BitMEX have expressed intentions to apply for a Hong Kong license.

Johnny Ng, a Hong Kong legislator, has even invited Coinbase to establish a Hong Kong hub after the SEC sued the exchange last week.


https://blockworks.co/news/boc-investment-arm-tokenized-notes
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 12, 2023, 11:26:41 AM
China money printer was unfortunately a big disappointment (lol @china ever becoming number 1) China money might take a while before it has an impact on crypto prices.

UK/London is opening up for crypto and blockchain technologies.

https://www.ft.com/content/9c45bef1-3496-4218-9dd3-e9922a55fdee
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 12, 2023, 05:46:16 PM
Quote from: Mayday on June 12, 2023, 02:43:21 AM
XrP bag holders talk non-stop how it’ll go to number one. Im not convinced a total failure last cycle means it goes to number 1 in the next.

This is the last ATH for close to 20yrs. 98% will fuck up the exit and be late. We are not hitting 100k.

After watching that ‘Arnold’ series yesterday I’m pretty sure I’m an NPC so im Doomed regardless of what I think lol 😂

Out of  all the autistic/ADHD predictions you've made, this one takes the cake.

Once regulatory clarity has been introduced for the big boys to safely invest then you will  see allocation from pension funds, wealth management, hedges etc. Retail aren't moving the needle on btc. Big money know QE is not stopping anytime soon and scarce verifiable assets will be at the forefront of capital allocation. Even 1% to 2% will shoot btc straight last 6 figures. It won't take 20years for that to happen.

As for your shitcoin seasons im sure there will be another, crypto industry is what 100million users out of 7 billion people? There's a sucker born every minute, next cycle will see a whole knew group of retards freshly minted looking to get in on the next centralised  token that will afford them a lambo. The only difference is, hopefully you'll be privy to the shannanigans.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 12, 2023, 10:40:52 PM
Quote from: Theoak* on June 12, 2023, 05:46:16 PM
Out of  all the autistic/ADHD predictions you've made, this one takes the cake.

Once regulatory clarity has been introduced for the big boys to safely invest then you will  see allocation from pension funds, wealth management, hedges etc. Retail aren't moving the needle on btc. Big money know QE is not stopping anytime soon and scarce verifiable assets will be at the forefront of capital allocation. Even 1% to 2% will shoot btc straight last 6 figures. It won't take 20years for that to happen.

As for your shitcoin seasons im sure there will be another, crypto industry is what 100million users out of 7 billion people? There's a sucker born every minute, next cycle will see a whole knew group of retards freshly minted looking to get in on the next centralised  token that will afford them a lambo. The only difference is, hopefully you'll be privy to the shannanigans.


:D

I fell for all the narratives too. Listened to all the gurus and people smarter than me but it was all BS which really sucked.

Before the last cycle when I had zero knowledge of Bitcoin, I had BTC at 55k. We hit 64k. Targets were 220k+ from the narratives. I have ballpark 80k now embracing my spasticity and narratives are 550k and 1M is also making a name for itself. 

The other thing is the peak cycle timing can now move because of the low price target. November 2024. Sure, hate it all you want but it’s backed by numbers so it’s on the table. If price is 80k by November 2024 and everyone is saying how 2025 will get to 500k, it’s probably cooked.

Regulation was always coming and is needed. But it lowers volatility, Case in point We experienced the largest money printing of our lifetime and gold moved up +20%. hedge funds were all through Bitcoin this in 2020 like crazy, you are repeating a narrative from 3yrs ago. Pension funds won’t touch anything with volatility like this because they prefer a +2% yield to avoid a -2% drop in value. Forget it, old narrative again.

if you are upset at the guy calling for 80k rather than people calling for 500k+ then you don’t have enough in and are praying for unicorns and rainbows to bail you out.

Gold but wait 2 decades for a week period at an ATH. Why should crypto be any different? Saylor said it’s digital gold.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 13, 2023, 12:21:13 AM
Quote from: Mayday on June 12, 2023, 10:40:52 PM
:D

I fell for all the narratives too. Listened to all the gurus and people smarter than me but it was all BS which really sucked.

Before the last cycle when I had zero knowledge of Bitcoin, I had BTC at 55k. We hit 64k. Targets were 220k+ from the narratives. I have ballpark 80k now embracing my spasticity and narratives are 550k and 1M is also making a name for itself. 

The other thing is the peak cycle timing can now move because of the low price target. November 2024. Sure, hate it all you want but it’s backed by numbers so it’s on the table. If price is 80k by November 2024 and everyone is saying how 2025 will get to 500k, it’s probably cooked.

Regulation was always coming and is needed. But it lowers volatility, Case in point We experienced the largest money printing of our lifetime and gold moved up +20%. hedge funds were all through Bitcoin this in 2020 like crazy, you are repeating a narrative from 3yrs ago. Pension funds won’t touch anything with volatility like this because they prefer a +2% yield to avoid a -2% drop in value. Forget it, old narrative again.

if you are upset at the guy calling for 80k rather than people calling for 500k+ then you don’t have enough in and are praying for unicorns and rainbows to bail you out.

Gold but wait 2 decades for a week period at an ATH. Why should crypto be any different? Saylor said it’s digital gold.

Except you had pension funds In Canada come into btc indirectly via proxies and fraudulent companies that mploded. I'm not upset about price, perhaps if it dropped to 2-3k I might be shaky. if anything you're the one emotionally invested, I never went  out a paid  for retarded quant analysis by grifters and conmen looking to extract $$$ out of newbies.

You got burnt, you lost money on these utility tokens that promised the world  and delivered a 90% draw down. Anyone would be emotional, including myself. Except I countered my emotion with knowledge.

You're conflating shitcoinery crypto with btc. You're hurt from people who you think are smarter than you, but they are not.

You're atleast smart enough to know the gold market is heavily manipulated and suppressed blvia paper  derivatives
it's not even comparable or verifiable. The next  generation coming through are ones growing up in a digital age, they're not buying gold and are pretty much priced out of property, wonder what kind of digital economy they'll opt for?

You're in Aus? There was a time in 2013-2014 that you could by btc in person from localbitcoins for 1-2% and an abundance of sellers. Try now going p2p, hardly anyone is selling btc. If you're lucky you can purchase it for 7-10% mark-up buy theses same vendors will sure as shit buy btc off you for 0% fee.

What happens when shrinking supply meets a growing industry and exchanges are no longer by law able to sell customers btc to prop up their air tokens? Well, price suddenly stops being suppressed and will see its true value. Next cycle will see a cleansing of all these shady cefi operators. This is not an event but s process and its disingenuous to say btc will operate like gold. There has never before been an asset as scarce, verifiable and decentrilised as btc. This is new territory. I can't give you certainty only probabilities, and probability that btc hits a new ATH before 2043 I believe is much higher than  it wouldn't.

No need to worry about me, my unicorn  came and stayed in 2016 after btc surpassed 2k.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 13, 2023, 07:11:42 AM
Quote from: Theoak* on June 13, 2023, 12:21:13 AM
Except you had pension funds In Canada come into btc indirectly via proxies and fraudulent companies that mploded. I'm not upset about price, perhaps if it dropped to 2-3k I might be shaky. if anything you're the one emotionally invested, I never went  out a paid  for retarded quant analysis by grifters and conmen looking to extract $$$ out of newbies.

You got burnt, you lost money on these utility tokens that promised the world  and delivered a 90% draw down. Anyone would be emotional, including myself. Except I countered my emotion with knowledge.

You're conflating shitcoinery crypto with btc. You're hurt from people who you think are smarter than you, but they are not.

You're atleast smart enough to know the gold market is heavily manipulated and suppressed blvia paper  derivatives
it's not even comparable or verifiable. The next  generation coming through are ones growing up in a digital age, they're not buying gold and are pretty much priced out of property, wonder what kind of digital economy they'll opt for?

You're in Aus? There was a time in 2013-2014 that you could by btc in person from localbitcoins for 1-2% and an abundance of sellers. Try now going p2p, hardly anyone is selling btc. If you're lucky you can purchase it for 7-10% mark-up buy theses same vendors will sure as shit buy btc off you for 0% fee.

What happens when shrinking supply meets a growing industry and exchanges are no longer by law able to sell customers btc to prop up their air tokens? Well, price suddenly stops being suppressed and will see its true value. Next cycle will see a cleansing of all these shady cefi operators. This is not an event but s process and its disingenuous to say btc will operate like gold. There has never before been an asset as scarce, verifiable and decentrilised as btc. This is new territory. I can't give you certainty only probabilities, and probability that btc hits a new ATH before 2043 I believe is much higher than  it wouldn't.

No need to worry about me, my unicorn  came and stayed in 2016 after btc surpassed 2k.

I didn’t lose money last peak. Even with all the mess ups listening to gurus I still managed to get out with a pretty decent profit.

Also people like me lack emotions so you can’t say emotional Austistic spastic.

Perhaps you missed me trolling here when I bought in at 17.5k? I flippantly bull posted here for months  the bottom was in…. Then we tapped 15.5k but I was still closer than 99%. I also sold for 2.5x while others held and now are wrecked. I can’t explain my strategy in small sentences so I don’t bother.

I know local bitcoin. It’s tax evasion for black market, I used to use it. It’s dried up because they’re all getting fucked by the ATO. The moment they use an off ramp exchange they are flagged.

On chain is a scam narrative for retail which is the scarcity argument. I probably explained it somewhere. Value is determined first, scarcity does not determine value but fuels value after it has been established. that’s before you even get to the 12% capture meaning 88% of the market is extrapolation of which they consider ‘Hodled’ lol.

I say things for shock value sometimes. reality is Gold is +2% from its past ATH after 12yrs.

The above aside, I am Glad you have made a good run of things 👍


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 13, 2023, 10:13:41 AM
https://decrypt.co/138334/gary-gensler-sec-ethereum-not-security-mit-2018

Gary Gensler Says SEC Believes Ethereum Is Not a Security—At MIT in 2018
The SEC had a very different take on the second biggest cryptocurrency back in 2018, according to Gary Gensler.

U.S. Securities and Exchange Commission Chair Gary Gensler may have appeared to sidestep questions recently on whether Ethereum and other crypto assets are securities—but he certainly seemed confident back in 2018.

A video has emerged on Twitter showing the top regulator giving a lecture at the Massachusetts Institute of Technology. In it, he says that Ethereum is “not a security” in the eyes of the SEC.
AD

Ethereum is the second biggest cryptocurrency, with a market cap of $227 billion at the time of writing. In the past, regulators have struggled with how to label the asset.

“In 2018, the Securities and Exchange Commission has said regardless of what it might have been in [2014],” Gensler said, referring to when Ethereum launched and announced an ICO using Bitcoin to buy it, “it’s now sufficiently decentralized that we’ll consider it not a security.”

    And another one... - The below clip is from a Fall 2018 Graduate MIT course called "Blockchain and Money"

    Gary Gensler - the current President of the SEC, was the professor.

    Once again, I will let the below video speak for itself.

    Lecture 6: Smart Contracts and… pic.twitter.com/hsTvJ82XmM

    — zk-🦈 (@ZK_shark) April 28, 2023

Gensler, a civilian at the time and speaking only in his capacity as a professor, appeared to simply be relaying the opinions of the SEC back in 2018—specifically, the opinion expressed by former Director of Corporate Finance William Hinman in his much-cited "sufficiently decentralized" speech from June of that year.

Still, the irony wasn't lost on Crypto Twitter—especially when juxtaposed against Gensler's recent duel with Rep. Patrick McHenry (R-NC) during an appearance before a House Oversight Committee. Repeatedly asked to give his opinion as to whether Ethereum should be classified a security, and even confronted with Hinman's comments from 2018, Gensler refuses to answer the question.

he clip of Gensler's lecture at MIT is one of many recently surfaced by Twitter user "ZK_shark." Earlier this week, another clip shared by ZK_shark was retweeted by Coinbase CEO Brian Armstrong, whose company is currently in the SEC's crosshairs over its Ethereum staking product. In the clip, Genlser says he believes most of the crypto market is made up of "non-securities." It's a statement that directly contradicts more recent comments as chair of the SEC in which he said he believes the "vast majority" of tokens in the crypto market are securities.

Many have jumped in to criticize the regulator and former MIT teacher—but crypto lawyer Preston Byrne chimed in on Twitter by saying that Gensler speaking as a professor and then as a top regulator are two different things. “As a professor, he can talk about what things are in the abstract,” he wrote. “As a law enforcer, he’s required to enforce the laws as they’re written.”
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 13, 2023, 11:55:53 PM
Ultimately its not what Genseler or the SEC think. Its what a Court will rule. And I expect a court will rule that ETH and countless other shitcoins, are unregistered securities.

The smart move is obvious. Stick to BTC, and hodl.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 14, 2023, 02:04:28 AM
Quote from: Mayday on June 13, 2023, 07:11:42 AM
I didn’t lose money last peak. Even with all the mess ups listening to gurus I still managed to get out with a pretty decent profit.

Also people like me lack emotions so you can’t say emotional Austistic spastic.

Perhaps you missed me trolling here when I bought in at 17.5k? I flippantly bull posted here for months  the bottom was in…. Then we tapped 15.5k but I was still closer than 99%. I also sold for 2.5x while others held and now are wrecked. I can’t explain my strategy in small sentences so I don’t bother.

I know local bitcoin. It’s tax evasion for black market, I used to use it. It’s dried up because they’re all getting fucked by the ATO. The moment they use an off ramp exchange they are flagged.

On chain is a scam narrative for retail which is the scarcity argument. I probably explained it somewhere. Value is determined first, scarcity does not determine value but fuels value after it has been established. that’s before you even get to the 12% capture meaning 88% of the market is extrapolation of which they consider ‘Hodled’ lol.

I say things for shock value sometimes. reality is Gold is +2% from its past ATH after 12yrs.

The above aside, I am Glad you have made a good run of things 👍

That market hasn't dried up, still up and about and same people are doing it under prying eyes of ATO. From what I see if on ramps are blocked the p2p underground market will explode once again.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 14, 2023, 02:09:34 AM
Quote from: gib on June 13, 2023, 11:55:53 PM
Ultimately its not what Genseler or the SEC think. Its what a Court will rule. And I expect a court will rule that ETH and countless other shitcoins, are unregistered securities.

The smart move is obvious. Stick to BTC, and hodl.

While I agree that ETH is a shitcoin and a security that seems to be captured politically, I really have my doubts that it will be classed as a security.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 14, 2023, 06:32:08 AM
Quote from: gib on June 13, 2023, 11:55:53 PM
Ultimately its not what Genseler or the SEC think. Its what a Court will rule. And I expect a court will rule that ETH and countless other shitcoins, are unregistered securities.

The smart move is obvious. Stick to BTC, and hodl.

Wasn't so smart for Saylor. He is down something like 10 or 15% right now. If he had bought ETH instead of BTC he'd be up 50%.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 14, 2023, 06:08:32 PM
Quote from: Theoak* on June 14, 2023, 02:04:28 AM
From what I see if on ramps are blocked the p2p underground market will explode once again.

Why will it explode?

If people are ‘known’ when they enter and exit, what is the benefit of p2p given the high risk of being scammed?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 14, 2023, 10:08:11 PM
Tether usdt peg might be about to get tested

Letsssgoooo
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 14, 2023, 10:57:10 PM
Quote from: Flexacon on June 14, 2023, 10:08:11 PM
Tether usdt peg might be about to get tested

Letsssgoooo

Only 24.9k though  ???

What do you think is going to happen to cause the depeg?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 14, 2023, 11:46:05 PM
Quote from: Mayday on June 14, 2023, 10:57:10 PM
Only 24.9k though  ???

What do you think is going to happen to cause the depeg?

https://blockworks.co/news/usdt-selloff-alarm-bells-tether

Article actually does a good job of not making it a FUD piece.

Curve is the shitshow. The founder leveraged something like $100m of his token to borrow $70m USDT basically to avoid paying tax. Faces liquidation on a 40% drop of his token sending it to 0 and possibly a chain reaction through defi (unlikely)

Shorts went after it. Founder is now possibly using his USDT to prop token price up. Huge USDT redemption pressure when liquidity is a mess across crypto = possible depeg

**Someone has come along to defend the peg now (possibly His Excellency Justin Sun)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 15, 2023, 05:37:49 AM
Quote from: Flexacon on June 14, 2023, 06:32:08 AM
Wasn't so smart for Saylor. He is down something like 10 or 15% right now. If he had bought ETH instead of BTC he'd be up 50%.
Actually it was smart. Every asset allocator needs to balance risk with reward. He could also have bought Pepe coin, or any other shit coin (some surely outperformed BTC also), but doesn't mean it would be a sensible investment and any sensible investment seeks the best balance up upside vs downside risk.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 15, 2023, 06:49:38 AM
Quote from: gib on June 15, 2023, 05:37:49 AM
Actually it was smart. Every asset allocator needs to balance risk with reward. He could also have bought Pepe coin, or any other shit coin (some surely outperformed BTC also), but doesn't mean it would be a sensible investment and any sensible investment seeks the best balance up upside vs downside risk.

If the argument is seeking the best balance between risk and reward then he failed that too as his entire allocation is into one asset class (crypto and then only one crypto in that class)  which from a risk point of view is definitely not the smartest thing to do.

As things currently stand a better argument can be made that he went high risk, low reward.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on June 15, 2023, 08:32:00 AM
It seems so far I was wrong thinking that crypto would follow the stock market upward.  Maybe it will in a few months. We'll see.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 15, 2023, 09:03:27 AM
Quote from: loco on June 15, 2023, 08:32:00 AM
It seems so far I was wrong thinking that crypto would follow the stock market upward.  Maybe it will in a few months. We'll see.

It does typically, or rather it did. During risk on/risk off cycles it often moved before stock markets did. Sometimes by a couple of days or even by a week or 2.

The fact that it appears to have decorrelated in such a big way is part of the reason some think it's over for crypto.

**Maybe there is a chance Crypto front ran the stock market by several weeks this time. Crypto currently sits at fair value and the stock market is double digits percentage over value just like crypto was several weeks ago.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 15, 2023, 09:44:04 AM
New ATH's for ETH and BTC in 2024.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on June 15, 2023, 02:31:42 PM
BlackRock files for spot bitcoin ETF, with Coinbase as a crypto custodian

"Asset management giant BlackRock took the first steps on Thursday to launch a spot bitcoin exchange traded fund, which has long been a point of contention between crypto advocates and federal regulators.

The firm filed an application with the Securities and Exchange Commission to launch the iShares Bitcoin Trust. If approved, the ETF would allow easy access for investors to get exposure to crypto in a product from one of Wall Street’s largest companies."

https://www.cnbc.com/2023/06/15/blackrock-files-for-spot-bitcoin-etf-with-coinbase-as-a-crypto-custodian.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 15, 2023, 04:24:54 PM
Quote from: loco on June 15, 2023, 02:31:42 PM
BlackRock files for spot bitcoin ETF, with Coinbase as a crypto custodian

Potentially big news, but looks more like a psyop/bearish to me. I will leave it for others to discuss.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 15, 2023, 07:12:13 PM
Quote from: gib on June 15, 2023, 05:37:49 AM
Actually it was smart. Every asset allocator needs to balance risk with reward. He could also have bought Pepe coin, or any other shit coin (some surely outperformed BTC also), but doesn't mean it would be a sensible investment and any sensible investment seeks the best balance up upside vs downside risk.

-20% down on his asset while paying 6.25% on debt acquired in order to buy said asset.

Make no mistake, this guy is banking 100% on belief this is going to 500k in 2025. He thought we’d have hit 250k already. We are at 25k.

He is no different to the other total degenerates who we all found out believed we were going to 250k and took huge leverage only to collapse. None of those guys ever derisked. They all doubled down and took on more leverage to prop things up.

The ultimate irony would be if he is forced into a position to sell some of his holdings and ends up forming the last ATH which then ultimately nukes price and sends him broke.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 15, 2023, 07:51:20 PM
Quote from: loco on June 15, 2023, 08:32:00 AM
It seems so far I was wrong thinking that crypto would follow the stock market upward.  Maybe it will in a few months. We'll see.

Equity lows Sep Oct and then lows in March

Bitcoin lows Oct Nov and then lows in March

Bitcoin is up +70% from lows last year. It’s volatile as hell so don’t get too caught up in daily swings, it’s all moving together.

Quote from: Flexacon on June 15, 2023, 04:24:54 PM
Potentially big news, but looks more like a psyop/bearish to me. I will leave it for others to discuss.

It’d be a big FU to Barry that’s for sure.

Perhaps end of 2024 this gets approved and launched and then we nuke 😀


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 16, 2023, 11:32:13 AM
Quote from: Mayday on June 15, 2023, 07:51:20 PM

It’d be a big FU to Barry that’s for sure.


A huge FU to Barry and GBTC holders. Might even spell the end of GBTC and DCG with BlackRock coming in scooping everything up and taking over.

The most bullish thing from the filling for me is that coinbase would be the custodian.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 16, 2023, 06:17:07 PM
Quote from: Flexacon on June 16, 2023, 11:32:13 AM
A huge FU to Barry and GBTC holders. Might even spell the end of GBTC and DCG with BlackRock coming in scooping everything up and taking over.

The most bullish thing from the filling for me is that coinbase would be the custodian.

Things to ponder:
*Blackrock has a 99.8% success rate for ETF submission
*Minimum time for ETF approval is 3 months out to a few years
*Average time from ETF approval to launch date is 221 days
*At the earliest timeline the launch would be 23rd April 2024
*Next Bitcoin halving is due for April 2024
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 16, 2023, 07:04:49 PM
Quote from: Mayday on June 16, 2023, 06:17:07 PM
Things to ponder:
*Blackrock has a 99.8% success rate for ETF submission
*Minimum time for ETF approval is 3 months out to a few years
*Average time from ETF approval to launch date is 221 days
*At the earliest timeline the launch would be 23rd April 2024
*Next Bitcoin halving is due for April 2024

Yep. Everything lines up. Blackrock have only ever had 1 submission back in 2014 rejected and over 500 approved.

I should have said I'm bearish short term (bullish long term) as I doubt Blackrock will be buying BTC at current prices. They wouldn't touch bitcoin with binance (and tether) having major control/manipulation over the prices. That's Blackrocks game.

They'll buy in at the lows once binance and possibly tether are dead, or maybe they get Barrys and/or Saylors coins somehow at discount.

Maxis are in shambles though. Bitcoin will be captured by Blackrock (fourth arm of the US government) and the price should moon, but all the maxi narratives are dead. Stay for the monetary gains and look like a fraud or move to a different/new fork and hold on to maxi values.

Maxis will address me as Mr Flexacon if this plays out

Quote from: Flexacon on March 31, 2023, 05:16:56 PM
It's not gonna replace anything or change the world, that's just a maxi narrative. It's just gonna be another tool used in finance. You'll have various players in finance buying (through etfs) when they want to go super risk on and it will be the first thing they'll dump when they smell any trouble. No different really from what's been happening for a while.

Anyway a bunch of institutions are buying BTC big right now (US government is also selling silk rd BTC) but they don't plan on holding for long. The face ripper both up and then down should be fun. I'm on Link.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 16, 2023, 10:10:25 PM
Quote from: Flexacon on June 16, 2023, 07:04:49 PM
Yep. Everything lines up. Blackrock have only ever had 1 submission back in 2014 rejected and over 500 approved.

I should have said I'm bearish short term (bullish long term) as I doubt Blackrock will be buying BTC at current prices. They wouldn't touch bitcoin with binance (and tether) having major control/manipulation over the prices. That's Blackrocks game.

They'll buy in at the lows once binance and possibly tether are dead, or maybe they get Barrys and/or Saylors coins somehow at discount.

Maxis are in shambles though. Bitcoin will be captured by Blackrock (fourth arm of the US government) and the price should moon, but all the maxi narratives are dead. Stay for the monetary gains and look like a fraud or move to a different/new fork and hold on to maxi values.

Maxis will address me as Mr Flexacon if this plays out

Ahh yes the fork, I  personally can't wait for it. Been several years since I enjoyed free btc, loved trading bch then bsv into btc. Actually couldn't believe the levels of retardation of those thinking  those forks would retain value.  Don't worry third times a charm, I'm sure.  I just hope it eventuates before the 51% attack from Russia or China or maybe the Rothschild's are buying up majority of the ASICS chips right  now ready to pump 1billion$ a day to attack the network?

If btc manages to escape  that attack vector then watch out for the ESG family friendly btc fork. Got that right, no more melting ice caps, rising sea levels - live on a fault line, earthquakes  no more with ESG-BTC on PoS.

So much time and effort try to centralise a coin. Don't understand it, if you  want centrilisation buy Eth.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 16, 2023, 10:21:39 PM
Quote from: Theoak* on June 16, 2023, 10:10:25 PM
Ahh yes the fork, I  personally can't wait for it. Been several years since I enjoyed free btc, loved trading bch then bsv into btc. Actually couldn't believe the levels of retardation of those thinking  those forks would retain value.  Don't worry third times a charm, I'm sure.  I just hope it eventuates before the 51% attack from Russia or China or maybe the Rothschild's are buying up majority of the ASICS chips right  now ready to pump 1billion$ a day to attack the network?

If btc manages to escape  that attack vector then watch out for the ESG family friendly btc fork. Got that right, no more melting ice caps, rising sea levels - live on a fault line, earthquakes  no more with ESG-BTC on PoS.

So much time and effort try to centralise a coin. Don't understand it, if you  want centrilisation buy Eth.

Good try at deflection. Focus on the least important thing I said and then ramble on about another coin.

Once again for those at the back. Maxis are in shambles as the fourth branch of the US government comes for their beloved coin that was gonna save the world and they are powerless to do anything.

Are you gonna stick to your principles or are you taking the money?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 17, 2023, 02:45:57 AM
Quote from: Flexacon on June 16, 2023, 10:21:39 PM
Good try at deflection. Focus on the least important thing I said and then ramble on about another coin.

Once again for those at the back. Maxis are in shambles as the fourth branch of the US government comes for their beloved coin that was gonna save the world and they are powerless to do anything.

Are you gonna stick to your principles or are you taking the money?

Explain to me what the fourth branch of the government is going to do for those in the back? Fork the coin? Buy 2-3 million btc? Then what? You act like owning majority of the supply allows for an individual to change the rules, censor transactions, roll back transactions. This isn't Ethereum. Those with the most money got no say in the system besides pumping and dumping.Thats effectively  what an ETF is a short position/hedge for smart  money and long position for retards.


What maxis you talking about? The retards fixated on price calling for 10million in 5 years or the ones saying the USD will be knocked over before  the turn of the decade? Because these people are retarded degenerate gamblers sold a lie by conmen.

It's a multi decade process, perhaps even a century. We will be long dead before that sort of scenario takes place.


I'll stick to my principals because I'm a stubborn fuck, I'm willing to risk it all, watch it go to 0 at a chance to secure a better system. I understand a need for the first decentralized,  hard , scarce monetary asset due to mine and my wife's families being stripped of their wealth by corrupt governments and tyrants.

I think you're just trolling most of the time, product of being successful financially at young age and too much time on your hands because you're not naive enough to think there is no place for btc to exist in the worlds economy in the future  and long after we are dead.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 17, 2023, 07:30:41 AM
Quote from: Theoak* on June 17, 2023, 02:45:57 AM
Explain to me what the fourth branch of the government is going to do for those in the back? Fork the coin? Buy 2-3 million btc? Then what? You act like owning majority of the supply allows for an individual to change the rules, censor transactions, roll back transactions. This isn't Ethereum. Those with the most money got no say in the system besides pumping and dumping.Thats effectively  what an ETF is a short position/hedge for smart  money and long position for retards.


I've reposted in bold above what I think happens to bitcoin in the future. It becomes a tool in finance similar to gold and silver.

If you dont know already gold and silver have some big ETFS owned by institutions like Blackrock and JPM. The price and market is heavily manipulated by them. People are still free to trade physical gold ad silver amongst themselves, but the institutions have captured those markets and let's not forget examples like Executive Order 6102.

That's bitcoins future if Blackrock get their ETF.

If Blackrock end up owning the majority of the supply (may not even need a majority) then BTC is captured as it effectively a kill switch for decentrlized BTC. For example they can insist (or even make it law) that only transactions on their preapproved KYC rails are valid and legal. With a spot ETF there is a very good chance they eventually end up with the majority of the supply as every share will be fully backed by BTC. With enough people locked into their system it becomes consensus and bitcoin is captured.

Sure it will probably be amazing for the price, but a captured BTC is no longer a decentralized BTC. Surely you see the irony in that!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 18, 2023, 07:56:35 AM
Quote from: Flexacon on June 17, 2023, 07:30:41 AM
I've reposted in bold above what I think happens to bitcoin in the future. It becomes a tool in finance similar to gold and silver.

If you dont know already gold and silver have some big ETFS owned by institutions like Blackrock and JPM. The price and market is heavily manipulated by them. People are still free to trade physical gold ad silver amongst themselves, but the institutions have captured those markets and let's not forget examples like Executive Order 6102.

That's bitcoins future if Blackrock get their ETF.

If Blackrock end up owning the majority of the supply (may not even need a majority) then BTC is captured as it effectively a kill switch for decentrlized BTC. For example they can insist (or even make it law) that only transactions on their preapproved KYC rails are valid and legal. With a spot ETF there is a very good chance they eventually end up with the majority of the supply as every share will be fully backed by BTC. With enough people locked into their system it becomes consensus and bitcoin is captured.

Sure it will probably be amazing for the price, but a captured BTC is no longer a decentralized BTC. Surely you see the irony in that!

I've already mentioned how those same actors can't capture or supress price forever due to btc being capped and audible at 21million coins. Blackrock will not recreate an FTX 2.0 x 10. They'll play their game for awhile until a short squeeze eventuates and people do in fact take their money off exchanges. Majority people are retarded when it comes to storing their own coins, so an ETF/custodian is needed. (I'm on the fence)
We live in an information age where the next generation will be well informed as the industry grows, then next generation after that and sovereignty/securing you're own wealth will be more prominent and less need for Custodians/trusts. Hence I always say this is a multi decade process.

They're already trying to capture btc via attacking mining through ESG narrative, it's a playbook theyre familiar with. It will fail (already is) and then what I believe might happen is they attack big miners by offering subsidies. Cheap energy to mine btc which will  effectively put other miners out of business who don't take government handouts. Then they will sneak in laws to try capture btc at the miner end.

Quote from: Theoak* on May 10, 2022, 03:59:15 AM

If you're going to disrupt the legacy system be prepared for them to come after you. Remember email first came out. US government and postmaster general said the most effecient and secure  way to send information was via US mail not email. Email needs servers that requires lots of energy and is going to destroy the planet. They actually went to court wanting to stop emails because  per email burnt 10pounds of coal! They wanted to implement an email stamp tax!

Same thing with the internet, those who had a monopoly on information used the same excuse, requires servers too much energy every 5 megabytes of information burned a pound of coal. They tried to shut off the internet and email using falsified energy argument.


So you  basically have btc running on 200tw hours of energy compared to global energy consumption of 160,000tw hours. BTC uses .00018%. It's a rounding error, see what they're doing?  So saying btc uses more energy than a small country is a marketing ploy and outright lie. WEF said in 2017 that by 2020 btc will consume all the world's energy....not a lot, literally said all the world's energy. It's horseshit scaremongering.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 18, 2023, 02:16:17 PM
Quote from: Theoak* on June 18, 2023, 07:56:35 AM
I've already mentioned how those same actors can't capture or supress price forever due to btc being capped and audible at 21million coins. Blackrock will not recreate an FTX 2.0 x 10. They'll play their game for awhile until a short squeeze eventuates and people do in fact take their money off exchanges. Majority people are retarded when it comes to storing their own coins, so an ETF/custodian is needed. (I'm on the fence)
We live in an information age where the next generation will be well informed as the industry grows, then next generation after that and sovereignty/securing you're own wealth will be more prominent and less need for Custodians/trusts. Hence I always say this is a multi decade process.

They're already trying to capture btc via attacking mining through ESG narrative, it's a playbook theyre familiar with. It will fail (already is) and then what I believe might happen is they attack big miners by offering subsidies. Cheap energy to mine btc which will  effectively put other miners out of business who don't take government handouts. Then they will sneak in laws to try capture btc at the miner end.

I wouldn't be so sure about Blackrock not going down the FTX 2.0 route, just maybe not directly. As I said Blackrock is more than just a financial institution, it's considered the fourth branch of US government. Basically what Blackrock says, goes and then other financial institutions follow. (Fidility might be following with another ETF submission)

Also as mentioned Blackrock chose Coinbase as custodian. The same Coinbase going at it with the SEC. The same coinbase launching an overseas exchange for derivatives. Coinbase will either be brought to its knees and acquired by one of the big institutions or the SEC stuff is for show and they are already on board with Blackrock.

The bald Coinbase CEO co-founder will probably be gone soon as he has been dumping his shares, but the other co-founder who has been busy setting up another firm with an ex Sequoia capital guy has been buying up the stock (over $50m) Speaks volumes about the future direction.

The attempted takeover of bitcoin is possibly a lot closer than people realise as it appears to have been in the works for a while. Not even saying that to troll, I'm genuinely saying I've seen a lot of convincing evidence of that.

I have more to add with regards to ESG and mining and how everything is falling into place. There was a post onemorerep made months ago regarding ESG and Blackrock. @onemorerep if you're reading this any chance you can dig up that post? Search results gave me nothing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on June 18, 2023, 05:16:14 PM
Quote from: Flexacon on June 15, 2023, 09:03:27 AM
It does typically, or rather it did. During risk on/risk off cycles it often moved before stock markets did. Sometimes by a couple of days or even by a week or 2.

The fact that it appears to have decorrelated in such a big way is part of the reason some think it's over for crypto.

**Maybe there is a chance Crypto front ran the stock market by several weeks this time. Crypto currently sits at fair value and the stock market is double digits percentage over value just like crypto was several weeks ago.

It has been more volatile but is almost exactly in line with the S&P for the last year.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 18, 2023, 06:08:03 PM
Quote from: Thin Lizzy on June 18, 2023, 05:16:14 PM
It has been more volatile but is almost exactly in line with the S&P for the last year.

I don't think the detail in that charting is accurate enough to show the decorrelation.

Other than BTC dumping in November for a few days with FTX blowing up they both lined up until roughly the second week in May. Since then they have decorrelated in a sustained way with the start of June showing significant decorrelation.

Nasdaq which most believe is a better comparison (tech) shows an even more defined decorrelation.

SPX in BLUE
BTC in PINK

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 19, 2023, 12:24:58 AM
Forget S&P.

The correlation for outcome is gold.

I don’t think anyone has actually looked at gold because they think the timeline is wrong. But It’s not about the timeline.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 19, 2023, 07:44:59 AM
There are a lot of good comments above, but also mixed in with nonsense and a fundamental misunderstanding of the dynamics of Bitcoin.

Are biggest financial players in the world slowing and stealthily making a move on Bitcoin? YES.

Blackrock, China, Soros, Goldman, etc and many super private but powerful HNW's. Yes, of course they are.

Will established players in finance seek to take over the space from startups? Yes, of course.

How can we defend against this (or benefit from it?) That of course if obvious ... BUY BITCOIN AND HODL.

Is the fact that Blackrock and others are moving into this space a bad thing? Does it reduce the power of the de-centralization of Bitcoin? This is where the nonsense comes in. The fact that Blackrock and other established institutions are entering makes no difference to Bitcoin. Bitcoin keeps doing what it does. It does not care who owns it or how much of it you own. Unlike Eth (or other shit coins) Bitcoin cannot be controlled dependent on the stake of it that you have. And game theory, basic economics, and mathematics dictate that no single player can keep infinitely acquiring it, as to do that requires sellers, and because supply is limited, more demand will equate to ever increasing prices.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 19, 2023, 01:58:43 PM
Quote from: gib on June 19, 2023, 07:44:59 AM
There are a lot of good comments above, but also mixed in with nonsense and a fundamental misunderstanding of the dynamics of Bitcoin.

Are biggest financial players in the world slowing and stealthily making a move on Bitcoin? YES.

Blackrock, China, Soros, Goldman, etc and many super private but powerful HNW's. Yes, of course they are.

Will established players in finance seek to take over the space from startups? Yes, of course.

How can we defend against this (or benefit from it?) That of course if obvious ... BUY BITCOIN AND HODL.

Is the fact that Blackrock and others are moving into this space a bad thing? Does it reduce the power of the de-centralization of Bitcoin? This is where the nonsense comes in. The fact that Blackrock and other established institutions are entering makes no difference to Bitcoin. Bitcoin keeps doing what it does. It does not care who owns it or how much of it you own. Unlike Eth (or other shit coins) Bitcoin cannot be controlled dependent on the stake of it that you have. And game theory, basic economics, and mathematics dictate that no single player can keep infinitely acquiring it, as to do that requires sellers, and because supply is limited, more demand will equate to ever increasing prices.

Your post fails to take into account those institutions going after miners and validators which has already started and will only ramp up.

Institutions don't need to buy up every coin, they just need to achieve a consensus. Owning the majority of coins makes achieving consensus easier, but they might be able to still achieve it with far less. Maybe 20% will be enough, no one really knows until it happens.

By consensus what I really mean is narrative that people are willing to believe. Narrative was used to claim BTC as digital p2p money, digital gold, digital store of value. Narrative/consensus can just as easily lead to BTC ending up as Blackrock coin or even CBDC. You see game theory can just as easily be used to achieve the opposite of what maxis tried to achieve. Turn decentralized into centralized. Reverse uno

There is more discussion that can be had regarding KYC, ESG, miners, security and potential hard forks in the future in case you dont see how these things might be co-opted by institutions and what that could lead to.

Quote from: gib on June 19, 2023, 07:44:59 AM

How can we defend against this (or benefit from it?) That of course if obvious ... BUY BITCOIN AND HODL.


Sure Buy and Hodl is the best line of defence (maybe the only of defence) Either way regardless of how this plays out Buy and Hodl (and sell) is pretty close to becoming a win-win play.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 19, 2023, 02:08:06 PM
Quote from: Mayday on June 19, 2023, 12:24:58 AM
Forget S&P.

The correlation for outcome is gold.

I don’t think anyone has actually looked at gold because they think the timeline is wrong. But It’s not about the timeline.

Do you are mean current gold prices or historical factorials?

BTC has moved inverse DXY at times which is similar to gold, but that's kinda decorrelated too. If it's gold factorials from the 70s 80s to its ATH then I'd say the spot ETF approval will blow that trend apart.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 19, 2023, 03:22:08 PM
Quote from: Flexacon on June 18, 2023, 02:16:17 PM
I wouldn't be so sure about Blackrock not going down the FTX 2.0 route, just maybe not directly. As I said Blackrock is more than just a financial institution, it's considered the fourth branch of US government. Basically what Blackrock says, goes and then other financial institutions follow. (Fidility might be following with another ETF submission)

Also as mentioned Blackrock chose Coinbase as custodian. The same Coinbase going at it with the SEC. The same coinbase launching an overseas exchange for derivatives. Coinbase will either be brought to its knees and acquired by one of the big institutions or the SEC stuff is for show and they are already on board with Blackrock.

The bald Coinbase CEO co-founder will probably be gone soon as he has been dumping his shares, but the other co-founder who has been busy setting up another firm with an ex Sequoia capital guy has been buying up the stock (over $50m) Speaks volumes about the future direction.

The attempted takeover of bitcoin is possibly a lot closer than people realise as it appears to have been in the works for a while. Not even saying that to troll, I'm genuinely saying I've seen a lot of convincing evidence of that.

I have more to add with regards to ESG and mining and how everything is falling into place. There was a post onemorerep made months ago regarding ESG and Blackrock. @onemorerep if you're reading this any chance you can dig up that post? Search results gave me nothing.

The ETF has to be backed 1:1 by btc and pretty sure these ETFs are audited on a regular. Since btc ledger is the most transparent I'm sure it will be followed closely. If they do pull an FTX and they are indeed 4th branch  of thengovernment, then an Implosion would mean government would offer them a bailout. If no bailout, blackrock will effectively shoot themselves in the foot and eventually mass(gradual) self storage will be accelerated.

1.9million coins on exchanges, 3-5 million lost. The rest are majority holders, the number will grow exponentially over the coming decades. They can play their short positions, but at the end of every trade will be an eventual btc holder for the future. That's why I say this process will play out over a number of decades.

There's no where to hide when you have true scarcity and an immutable ledger.

In terms of mining, yes I've always said their is a risk. Beauty being when you attack them they can just pack up and move shop elsewhere. Last thing USA wants are other countries at the forefront of this industry.

Quote from: Theoak* on May 13, 2022, 07:15:15 AM

In every financial system there's always going to be a wealth disparity, Btc is  no different. The difference is the top holders of btc, no matter how much they hold have no rights of the consensus protocol. No amount of  btc they have can change the code. Sure they can dump the market and they have over and over, only to buy up cheap coins off people who know no better. Have a look at the last week, top 100 wallets have accumulated 80k in btc.

Elon musk has a large following, richest* man in the world, multiple companies which he resides over and makes policies and structural changes foreign and domestic in his companies favour with power and money he has.  Elon purchased 1.7billion in btc making him one of the largest holders, he has no say in how btc operates. Btc doesn't give a fuck about his stack and keeps pumping blocks every 10min.

Decentralisation is not a spectrum. Centralisation means it has a centre, you can go in and shut it down. Two very good examples, opensea and metamask blocking Russia  users, completely banned.  These 1000s of shitcoins are masking themselves as decentralised but really they are unregistered securities. SEC will come for them.

As for mining  pools, I touched on that. They would bleed their money dry before it ever eventuated. Look at china, at one point they were burning 100TW hrs per year, half the network. China shut down the network due to environmental bs issues. Mind you they burn 25000TW hrs per year. China is a major authoritarian  country, they hate  btc. If they could of hacked it, they would've, if they could've turned it off they would've. They're not a fan of people having private property outside of their ability to control/disrupt.

Instead what you saw was 50-60% network turned off and relocated. Because the network was so robust it had no downtime, no lawsuits, no protests. It just kept hitting ever 10minutes.  Never before have you seen a network lose 50-60% of its infrastructure and have no downtime or hiccups. The hash rate fell to 60s and then grew to up over 240s. So it grew 4times larger and stronger from  when it turned off. It was a trillion $$ mistake by China
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 19, 2023, 04:28:32 PM
Quote from: Theoak* on June 19, 2023, 03:22:08 PM


In terms of mining, yes I've always said their is a risk. Beauty being when you attack them they can just pack up and move shop elsewhere. Last thing USA wants are other countries at the forefront of this industry.

Why attack miners if you are an institution like Blackrock when you can promise them better rewards/less hassle if they are compliant with your wishes. They can use  both the carrot and stick method to do this with miners. ESG, Taxes, IPOs, stock price manipulation etc.

Surely I can't be the only one seeing what could happen if miners are co-opted and if the institutions get to decide the next bitcoin narrative?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 19, 2023, 10:37:26 PM
Quote from: Theoak* on June 19, 2023, 03:22:08 PM

There's no where to hide when you have true scarcity and an immutable ledger.


Well said!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 19, 2023, 11:07:46 PM
Quote from: Flexacon on June 19, 2023, 02:08:06 PM
Do you are mean current gold prices or historical factorials?

BTC has moved inverse DXY at times which is similar to gold, but that's kinda decorrelated too. If it's gold factorials from the 70s 80s to its ATH then I'd say the spot ETF approval will blow that trend apart.

The size of move. Not the timeframe or the how or the why.

Rates and DXY are important for direction.

The same as my posts about rates, USD and S&P to new highs until we hit peak rates. 99% say we will crash yet here we are at 4,400+ and it’s rising. A call I made a while ago with supporting historic data.

My expectation range is 5,367-5,544 by year end. It will tag 5,000. Just a question of how much higher.

99% are wrong about a US recession and have given zero thought to recession impact outside of the US.


ETF won’t moon Bitcoin although this will be the narrative.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 20, 2023, 04:33:33 PM
Quote from: Mayday on June 19, 2023, 11:07:46 PM
The size of move. Not the timeframe or the how or the why.

Rates and DXY are important for direction.

The same as my posts about rates, USD and S&P to new highs until we hit peak rates. 99% say we will crash yet here we are at 4,400+ and it’s rising. A call I made a while ago with supporting historic data.

My expectation range is 5,367-5,544 by year end. It will tag 5,000. Just a question of how much higher.

99% are wrong about a US recession and have given zero thought to recession impact outside of the US.


Bulls got chopped, bears got chopped, I'm favouring another round chopping before a new all time high on the SPX.

Quote from: Mayday on June 19, 2023, 11:07:46 PM
ETF won’t moon Bitcin although this will be the narrative.

In a bull market (stocks) Hedgefunds will dump obscene amount of capital into BTC ETFs. They are mostly gamblers who won't be able to help themselves once they start seeing bullish price action.

The spot ETF stuff is starting to remind me of 2017/18 when it was a bunch of Bitcoin futures ETFs trying to get approved. The SEC refusing them nuked the market. If some entities were looking for exit liquidity and/or to nuke the market then they are doing a great job of setting up for that. Run the price up and then refuse the Blackrock spot ETF (the rest would also pretty much be an insta refuse) and that's a sub 20k Btc.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 20, 2023, 11:15:01 PM
Quote from: Flexacon on June 20, 2023, 04:33:33 PM
Bulls got chopped, bears got chopped, I'm favouring another round chopping before a new all time high on the SPX.

In a bull market (stocks) Hedgefunds will dump obscene amount of capital into BTC ETFs. They are mostly gamblers who won't be able to help themselves once they start seeing bullish price action.

The spot ETF stuff is starting to remind me of 2017/18 when it was a bunch of Bitcoin futures ETFs trying to get approved. The SEC refusing them nuked the market. If some entities were looking for exit liquidity and/or to nuke the market then they are doing a great job of setting up for that. Run the price up and then refuse the Blackrock spot ETF (the rest would also pretty much be an insta refuse) and that's a sub 20k Btc.


+25% up from lows is a clear trend over time.Where it’s at currently supports my view for a bullish ATH more than anyone bearish or chopish. perhaps we chop for a month, who knows, but I’d say we might be closer to 4,800 in August than people think.

BTC dominance has broken upwards. I’m assuming a second alt coin rug pull is imminent.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 20, 2023, 11:52:07 PM
We may now be starting to see what happens when all the shitcoinery stops, and money flows back into Bitcoin, being chased by both institutions, HNWs, nation states, and of course retail investors...

At some point in the future there becomes a massive imbalance between supply and demand, leading to a massive price squeeze.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 21, 2023, 01:46:32 AM
Quote from: Mayday on June 20, 2023, 11:15:01 PM

+25% up from lows is a clear trend over time.Where it’s at currently supports my view for a bullish ATH more than anyone bearish or chopish. perhaps we chop for a month, who knows, but I’d say we might be closer to 4,800 in August than people think.

BTC dominance has broken upwards. I’m assuming a second alt coin rug pull is imminent.

If you're looking for a long position you should get a nice entry within the next few trading days, but yeah the run up looks like it still has some legs for July/Aug

Quote from: Mayday on June 20, 2023, 11:15:01 PM

BTC dominance has broken upwards. I’m assuming a second alt coin rug pull is imminent.

Quote from: gib on June 20, 2023, 11:52:07 PM
We may now be starting to see what happens when all the shitcoinery stops, and money flows back into Bitcoin, being chased by both institutions, HNWs, nation states, and of course retail investors...

At some point in the future there becomes a massive imbalance between supply and demand, leading to a massive price squeeze.

Come on Gib. You've been here longer than anyone. Shitcoins were far more dead in 2019 than they right now. They would need to drop maybe another 80% to reach 2019 "dead" levels".

That can happen if btc hits 40k plus and shitcoin prices dont move, but more likely 2 more Alt washouts/rug pulls are needed.

The SEC also needs to come out with another list of 50 to 100 coins they deem securities. Coinbase, Binance, Kraken and all the other exchanges need to delist them or the exchanges need to go extinct and then maybe shitcoinery stops.

Anything else is just wishful thinking. Just like the wishful thinking that ETH would be deemed a security.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 23, 2023, 11:20:07 AM
If you look at any shit coin, it basically a bubble and spike followed by a decline to a low which will taper off into basically a dead zombie mode with a few twitches of life before basically dying.

We don't need the SEC to shit coins as shit coins (as the number of shitcoins are infinite). But the message is very clear - deal in unregistered securities and we will come after you. Which is one all the exchanges, are starting to drop all coins expect for BTC and BTC derivatives such as Bitcoin Cash. Eth is in an interesting no-mans land. It is a security, but has such traction that it may survive - let see. But all of this is hugely positive for Bitcoin.

It is certainly possible we could be over 100K per BTC coin by March 2024. Once the demand squeeze happens, the spike will be insane, and self-fulfilling, and very fast. Whether that squeeze happens this year, or next is not certain, but its very likely we will see such a squeeze at some point during this cycle.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on June 23, 2023, 10:07:09 PM
eature=share


 What do "shitcoins" have in common with Bitcoin? Nearly everything. ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ROBOAK on June 23, 2023, 10:46:17 PM
Quote from: SOMEPARTS on June 23, 2023, 10:07:09 PM
eature=share


 What do "shitcoins" have in common with Bitcoin? Nearly everything. ;D

Warren buffet is trying to do a "reverse jim cramer"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on June 24, 2023, 12:12:52 AM
Quote from: gib on June 23, 2023, 11:20:07 AM
I would think we will be well over 100K per BTC coin by March 2024. Once the demand squeeze happens, the spike will be insane, and self-fulfilling, and very fast.

Every time this crap goes up 2-3% immediately some turd pops up and claims BTC will be well over 100K one year from now hahahahaaha ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on June 24, 2023, 05:30:11 AM
Quote from: Flexacon on November 20, 2022, 06:16:54 AM
Solid copium thinking everyone would bitch and moan for missing out on a 43% gain in crypto.

Also there is no ETF being approved in the next 24 hours. There will be no 43% move up in the next 24 hour. I'll continuing waiting in my "trapped" position of doing nothing and miss out on position that at best will do nothing.

On 11/20/22, when you and Mayday were selling everyone on this forum the doom and gloom BS, GBTC was selling at $ 8.27.

It is now $19.19 and looking like it is headed to $40.

Last chance to get on the train... Folks, don't listen to these charlatans because they will scare you out of making money.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 24, 2023, 07:32:32 AM
Quote from: Slapper on June 24, 2023, 05:30:11 AM
On 11/20/22, when you and Mayday were selling everyone on this forum the doom and gloom BS, GBTC was selling at $ 8.27.

It is now $19.19 and looking like it is headed to $40.

Last chance to get on the train... Folks, don't listen to these charlatans because they will scare you out of making money.

Quote from: Slapper on November 20, 2022, 05:26:33 AM
I know, I know, no VC want to touch it. YET.

When all news are bad and there seems to be no hope, they will announce the flip to an ETF, the stock will go up 43% in one day and everyone will start bitching and moaning about what happened. And we all know what is going to happen to the price of BTC once Grayscale starts being a net buyer again...

Your copium is still going strong I see. You claimed the stock would go up 43% in one day and I'm yet to see it do that.

If you're excited by x2 or x3 gains in crypto over the space of several months after a 90% drop from an ATH, then I'm gonna assume you missed the big moves during previous cycle tops.

Crypto is doing pretty much what I said it would do back when you made that post and  that's very little.

Quote from: Flexacon on December 03, 2022, 05:13:12 AM
I think the next few months, maybe even all of 2023 will be pretty boring for bitcoin. Sideways price action with the occasional dumps as more leverage unwinds followed by mini pumps from limited buying pressure. Broader market conditions probably won't be in bitcoins favour either.

2024 will be when bitcoin likely starts taking off again. Broader market will hopefully be back in an uptrend and the bitcoin halving narrative will help price action.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on June 24, 2023, 07:40:02 AM
Quote from: Flexacon on June 24, 2023, 07:32:32 AM
Your copium is still going strong I see. You claimed the stock would go up 43% in one day and I'm yet to see it do that.

When the ETF is approved, yes.

Quote
If you're excited by x2 or x3 gains in crypto over the space of several months after a 90% drop from an ATH, then I'm gonna assume you missed the big moves during previous cycle tops.


Wanna know what? I'll put my cock on the chopping block: GBTC will be around $60 in 12 months or less.

Quote
Crypto is doing pretty much what I said it would do back when you made that post and  that's very little.

I will post the before and after once my goal is reached. Daily. And I will contrast it with the bull shit doom-and-gloom you and your trannie lover have been posting for the past 7 months.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 24, 2023, 07:58:09 AM
Quote from: Slapper on June 24, 2023, 07:40:02 AM
When the ETF is approved, yes.
 

Wanna know what? I'll put my cock on the chopping block: GBTC will be around $60 in 12 months or less.

I will post the before and after once my goal is reached. Daily. And I will contrast it with the bull shit doom-and-gloom you and your trannie lover have been posting for the past 7 months.

My "doom-and-gloom" hasn't been about future upside price targets or bull markets ending. It's been about exchanges, crypto banks and regulations and guess what I've been absolutely right.

The 43% in one day hasn't happened, so now you decide to throw up a random GBTC price target. Do you really need a "win" that badly? Is life really going that bad for you right now?

Solid meltdown though.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on June 24, 2023, 08:53:30 AM
Quote from: Flexacon on June 24, 2023, 07:58:09 AM
My "doom-and-gloom" hasn't been about future upside price targets or bull markets ending. It's been about exchanges, crypto banks and regulations and guess what I've been absolutely right.

The 43% in one day hasn't happened, so now you decide to throw up a random GBTC price target. Do you really need a "win" that badly? Is life really going that bad for you right now?

Solid meltdown though.

THIRD TIME I HAVE TO TELL YOU THIS: I never said the discount was going to be reduced to zero the next day, I said WHEN IT DOES, you and everyone else will make a 43% gain because at that time the discount was 43%. Now it’s around 32%, so the gain would be 32%.

I’m not saying it is going to happen soon or that you will get a 32% increase in a day. I am saying that once the GBTC trust is turned into an ETF, the news will come out and the stock price will be adjusted the very next trading day. Whatever the discount % is at that moment, you will get.

Would u like me to say in Chinese?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 24, 2023, 09:10:41 AM
Quote from: Slapper on June 24, 2023, 08:53:30 AM
THIRD TIME I HAVE TO TELL YOU THIS: I never said the discount was going to be reduced to zero the next day, I said WHEN IT DOES, you and everyone else will make a 43% gain because at that time the discount was 43%. Now it’s around 32%, so the gain would be 32%.

I’m not saying it is going to happen soon or that you will get a 32% increase in a day. I am saying that once the GBTC trust is turned into an ETF, the news will come out and the stock price will be adjusted the very next trading day. Whatever the discount % is at that moment, you will get.

Would u like me to say in Chinese?

Maybe try read your own post. The one I responded to in the post you quoted me on today. For context.

Quote from: Slapper on November 20, 2022, 05:26:33 AM
I know, I know, no VC want to touch it. YET.

When all news are bad and there seems to be no hope, they will announce the flip to an ETF, the stock will go up 43% in one day and everyone will start bitching and moaning about what happened. And we all know what is going to happen to the price of BTC once Grayscale starts being a net buyer again...

Okay so now the gain is gonna be 32%, but not in one day. Good climb down after being told months ago a move like that wouldn't happen in one day.

You are bull posting about the discount narrowing a few percentages, but nothing about GBTC has changed. It's still a garbage product and a poor way to get exposure to BTC. You take plenty of exposure to DCG risk, pay through your nose in fees and the potential upside is a few measly percentages. At least wait until a Silbert GBTC spot ETF gets approved before you try claim a "win". I say it won't happen and you can quote me on it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 24, 2023, 03:50:05 PM
Quote from: gib on June 23, 2023, 11:20:07 AM

I would think we will be well over 100K per BTC coin by March 2024. Once the demand squeeze happens, the spike will be insane, and self-fulfilling, and very fast.

Forever the eternal optimist :D

You watch when Microstrategy sell some of their holdings……..

This is good news to hear you bullposting again. I like it when you are like this.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 24, 2023, 04:11:54 PM
Quote from: Slapper on June 24, 2023, 05:30:11 AM
On 11/20/22, when you and Mayday were selling everyone on this forum the doom and gloom BS, GBTC was selling at $ 8.27.

It is now $19.19 and looking like it is headed to $40.

Last chance to get on the train... Folks, don't listen to these charlatans because they will scare you out of making money.

Huh?

I bought at 17.5k and spent 3 months bullposting in this thread calling the bottom. Everybody else on here was calling for much lower. I probably got the closest entry to the bottom than anyone else in here. Ironic you miss all the posts of me buying and bullposting lol.

I called the run up all the way into May. All posted here making fun of anyone who doubted it. I even posted when I sold.

even on equities I have been bullposting for months, same as crypto. I’ll be nice replying but you are so far off base it isn’t funny. I am extremely heavy in crypto already, I posted that many months ago so.

Don’t let your anger blind you from reality. If you honestly don’t know that I’ve been bullish for 9 months you need to take a breath and chill out.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 25, 2023, 03:56:50 AM
My recent buy order for Ethereum was at 1645 and before that at 1425.

The rest of my ETH I've been staking.

I'm bullish.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on June 25, 2023, 04:14:04 AM
Quote from: Flexacon on June 24, 2023, 09:10:41 AM
Maybe try read your own post. The one I responded to in the post you quoted me on today. For context.

Okay so now the gain is gonna be 32%, but not in one day. Good climb down after being told months ago a move like that wouldn't happen in one day.

You are bull posting about the discount narrowing a few percentages, but nothing about GBTC has changed. It's still a garbage product and a poor way to get exposure to BTC. You take plenty of exposure to DCG risk, pay through your nose in fees and the potential upside is a few measly percentages. At least wait until a Silbert GBTC spot ETF gets approved before you try claim a "win". I say it won't happen and you can quote me on it.

Dude, you're the most stubborn person I've ever met in my life.

Seriously.

No wonder you have nothing of substance to say that people can action and make money off of.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 25, 2023, 09:13:03 AM
Quote from: Slapper on June 25, 2023, 04:14:04 AM
Dude, you're the most stubborn person I've ever met in my life.

Seriously.

No wonder you have nothing of substance to say that people can action and make money off of.

Lol. You must have missed when I told everyone to buy a particular token, posted about it for weeks. Told people it was the last chance to buy and then the next day it short squeezed. Ended up doing 1,000% Sorry you missed it.

I told the forum what I thought was worth  buying in a bull market and I told them what I think isn't worth buying a bear market. GBTC is without doubt on the do not buy list. Just buy BTC instead or even Microstrategy stock. I have my bitcoin exposure through Mara stock so let's see what ends up doing better at the top of a bull market.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 25, 2023, 11:21:08 AM
Quote from: affeman on June 24, 2023, 12:12:52 AM
Every time this crap goes up 2-3% immediately some turd pops up and claims BTC will be well over 100K one year from now hahahahaaha ;D

Every time BTC goes down 2-3% immediately some turd pops up and claims BTC "is too volatile will be well over worthless one year from now hahahahaaha ;D

What we do know is that the tend for BTC in the long term will very likely upward over time. What exact trajectory that will be we cannot be sure. Which is why we hodl...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 25, 2023, 11:23:38 AM
Quote from: Flexacon on June 24, 2023, 07:32:32 AM
If you're excited by x2 or x3 gains in crypto over the space of several months after a 90% drop from an ATH, then I'm gonna assume you missed the big moves during previous cycle tops.

Crypto is doing pretty much what I said it would do back when you made that post and  that's very little.

Bitoin, not crypto. Important distinction...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 25, 2023, 11:25:11 AM
Quote from: Slapper on June 24, 2023, 07:40:02 AM
When the ETF is approved, yes.
 

Wanna know what? I'll put my cock on the chopping block: GBTC will be around $60 in 12 months or less.

I will post the before and after once my goal is reached. Daily. And I will contrast it with the bull shit doom-and-gloom you and your trannie lover have been posting for the past 7 months.

He is correct. This could very well be one of the best (and most obvious) investments (in hindsight) over the next year...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 25, 2023, 11:30:08 AM
Quote from: Griffith on June 25, 2023, 03:56:50 AM
My recent buy order for Ethereum was at 1645 and before that at 1425.

The rest of my ETH I've been staking.

I'm bullish.

Buy any unregistered security at your peril. There have been so many warnings, so really only yourself to blame if ETH gets specifically called and prosecuted by the SEC (either those facilitating the trade of it or the Eth Foundation itself.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 25, 2023, 01:23:46 PM
Quote from: gib on June 25, 2023, 11:23:38 AM
Bitoin, not crypto. Important distinction...

Not in this market. Crypto, bitcoin (my original post was about bitcoin) and gbtc are doing nothing. They are all still 50% plus off their highs

Meanwhile tech stocks have or are close to hitting all time highs. Of course you need to know what you're doing in those markets to take advantage of it.

As the discussion is about current performance then crypto, btc, gbtc are all poor performers and have done nothing. That's why I say wait until a bull market/cycle top rather than declaring any wins now over who currently holds the shiniest piece of shit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 25, 2023, 06:35:51 PM
Quote from: gib on June 25, 2023, 11:25:11 AM
He is correct. This could very well be one of the best (and most obvious) investments (in hindsight) over the next year...

Spot price will drive up to the approval and the launch, that’s an easy call and requires an IQ of 10. This is the narrative being pushed for retail.

However, GBTC is an interesting beast. Has a history of denied ETF, 12 month lock-in period, a high fee structure and a premium currently in the negative. Anyone who bought in during the bullrun and held is now likely an additional 50% underwater vs buying spot.

The simple question is risk. The Blackrock will be an approved ETF with exposure only to spot. Grayscale is a trust, locked in, exposure to spot and also exposure to premium which can vary an additional +/-60%.

I think the fact that GBTC is still negative tells the true story. Even at a -37% discount and a positive narrative of ETF on the horizon, big money hasn’t bought. Therefore if plebs buy GBTC does it mean plebs are considerably smarter than big money or does it mean we don’t know how to assess risk.

Gib you don’t own GBTC correct? So if this is all that easy, why haven’t you bought into the trust?


FWIW if I picked an exact number I think BTC taps out at 76k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 25, 2023, 08:11:34 PM
Quote from: Mayday on June 25, 2023, 06:35:51 PM


Gib you don’t own GBTC correct? So if this is all that easy, why haven’t you bought into the trust?


FWIW if I picked an exact number I think BTC taps out at 76k.

Gib would probably have to pay tax on GBTC profits but not BTC. If you have favourable crypto taxes vs stocks then GBTC was and still is mostly useless.

GBTC did make more sense for a while if you're an American as it was more tax efficient vs btc, but MSTR can give them the same tax efficient exposure to BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 25, 2023, 11:03:23 PM
i don't own GBTC but i have looked at it a few times. It is an interesting investment and i do think there is significant upside potential on normalization of the ETF structure in the US. I do have a little MSTR but my main exposure is directly via bitcoin itself.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 25, 2023, 11:15:09 PM
Quote from: Flexacon on June 25, 2023, 01:23:46 PM
Not in this market. Crypto, bitcoin (my original post was about bitcoin) and gbtc are doing nothing. They are all still 50% plus off their highs

Meanwhile tech stocks have or are close to hitting all time highs. Of course you need to know what you're doing in those markets to take advantage of it.

As the discussion is about current performance then crypto, btc, gbtc are all poor performers and have done nothing. That's why I say wait until a bull market/cycle top rather than declaring any wins now over who currently holds the shiniest piece of shit.

Comments such as these are useless as the are time-frame specific. I could revert telling you that BTC is up 14% on the month, 80% on the half year, and 84% YTD.

The key point is that we need to look at the long term trend, and long term BTC has outperformed all major asset classes. (Yes a few random shit coins will be created and for short periods pop and disappear. Good luck making an money on those, unless you are the creator/scam-meister of such a coin).

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 26, 2023, 12:35:39 AM
Quote from: gib on June 25, 2023, 11:15:09 PM
Comments such as these are useless as the are time-frame specific. I could revert telling you that BTC is up 14% on the month, 80% on the half year, and 84% YTD.

The key point is that we need to look at the long term trend, and long term BTC has outperformed all major asset classes. (Yes a few random shit coins will be created and for short periods pop and disappear. Good luck making an money on those, unless you are the creator/scam-meister of such a coin).

Most of the recent discussion has been time specific as was already alluded, specifically from Nov/December 2022 until now, so please keep up. Looking at the relative performance of other assets in this period and compared to what crypto assets have done historically tells you that any price improvement in this period are really not worth talking about.

I'm actually for the most part saying the same thing as you and that's look longer term, and wait until at least another bull run/ cycle top in crypto, btc, gbtc etc before we start a dick measuring contest (no homo)

Don't need luck or to be a creator/scam-meister to make money on "shit coins" though, it's more timing and/or getting in early. Have you already forgot about the coin that x10 in a few weeks that I told you to buy last cycle after you wanted to argue that it's not possible to predict these things?

I'll tell you what I'll do, at some point I'll PM the names of 3, maybe 4 "shit coins". I know you won't front run me as you don't believe in them, but you'll see again if it was luck or not.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 26, 2023, 07:02:13 AM
Quote from: gib on June 25, 2023, 11:15:09 PM
Comments such as these are useless as the are time-frame specific. I could revert telling you that BTC is up 14% on the month, 80% on the half year, and 84% YTD.

The key point is that we need to look at the long term trend, and long term BTC has outperformed all major asset classes. (Yes a few random shit coins will be created and for short periods pop and disappear. Good luck making an money on those, unless you are the creator/scam-meister of such a coin).

Ethereum outperformed Bitcoin.

ETH has been around since 2015.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 26, 2023, 09:19:45 PM
Quote from: Griffith on June 26, 2023, 07:02:13 AM
Ethereum outperformed Bitcoin.

ETH has been around since 2015.
ETH outperformed BTC over the past 3 years. However BTC has outperformed ETH the past 5 years. BNB and Doge outperformed both ETH and BTC that past 3 and 5 years.

These numbers all depend on when the snapshot is taken. Of all cryptos BTC has gone up the most since it's inception. It went from less than $1 to a high of almost $70k. I don't think even alts like Doge have gone up by the same magnitude.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 26, 2023, 09:30:13 PM
Quote from: gib on June 25, 2023, 11:30:08 AM
Buy any unregistered security at your peril. There have been so many warnings, so really only yourself to blame if ETH gets specifically called and prosecuted by the SEC (either those facilitating the trade of it or the Eth Foundation itself.
The SEC would have to prove in court that ETH is a security. It does not meet the criteria of a security IMO. If ETH is a security then Baseball cards would also have to be declared a security. And Bitcoin. Playing devils advocate, an argument could also be made that you and Michael Saylor invested in Bitcoin with the expectation of a profit but without doing any work yourself to maintain or develop the blockchain.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 26, 2023, 09:54:54 PM
Quote from: obsidian on June 26, 2023, 09:30:13 PM
The SEC would have to prove in court that ETH is a security. It does not meet the criteria of a security IMO. If ETH is a security then Baseball cards would also have to be declared a security. And Bitcoin. Playing devils advocate, an argument could also be made that you and Michael Saylor invested in Bitcoin with the expectation of a profit but without doing any work yourself to maintain or develop the blockchain.

ETH is not a security and has pretty much been cleared behind closed doors otherwise they wouldn't have launched this exchange last week.

"EDX Markets Launches with Support for BTC, ETH, LTC and BCH Spot Trading

The digital assets marketplace was founded by some of the leading financial services companies including Charles Schwab, Citadel Securities, Fidelity Digital AssetsSM, Paradigm, Sequoia Capital, and Virtu Financial."

https://www.nftgators.com/edx-markets-launches-with-support-for-btc-eth-ltc-and-bch-spot-trading/


ETH staking as a service was the only thing the SEC went after.

Gib for some reason is devolving back  to all  his old arguments, most of which have been have been incorrect or inaccurate. I wouldn't be surprised if he starts to talk about the ETH merge failing again or even that it will never happen  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 26, 2023, 11:02:07 PM
Quote from: Griffith on June 26, 2023, 07:02:13 AM
Ethereum outperformed Bitcoin.

ETH has been around since 2015.


BTC did 2.5x from peak to peak

ETH did 2.2x from peak to peak

Why are people bragging ETH is better? it got nuked to Hades in 2019 as a result of it being a shitcoin and therefore had a larger multiple on its way to a lower peak to peak performance…..

Not only did ETH have a lower performing peak to peak vs BTC But it also did less on ETHBTC ratio than the previous cycle……

A worse peak. A worse performance vs BTC.

I’m with the BTC maxis on this one.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 26, 2023, 11:04:59 PM



Oh and for those who did not know, some of the main crypto data houses revised their formulas so they now show as predicting the 2021 peak (which they didn’t).

Therefore when you forward look to the next cycle it will appear as predictive yet it will wreck you to oblivion.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 26, 2023, 11:05:18 PM
Quote from: Mayday on June 26, 2023, 11:02:07 PM

BTC did 2.5x from peak to peak

ETH did 2.2x from peak to peak

Why are people bragging ETH is better? it got nuked to Hades in 2019 as a result of it being a shitcoin and therefore had a larger multiple on its way to a lower peak to peak performance…..

Not only did ETH have a lower performing peak to peak vs BTC But it also did less on ETHBTC ratio than the previous cycle……

A worse peak. A worse performance vs BTC.

I’m with the BTC maxis on this one.

 ::)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 26, 2023, 11:09:27 PM
Quote from: obsidian on June 26, 2023, 09:19:45 PM
ETH outperformed BTC over the past 3 years. However BTC has outperformed ETH the past 5 years. BNB and Doge outperformed both ETH and BTC that past 3 and 5 years.

These numbers all depend on when the snapshot is taken. Of all cryptos BTC has gone up the most since it's inception. It went from less than $1 to a high of almost $70k. I don't think even alts like Doge have gone up by the same magnitude.

Correct, referring to the previous bullrun, ETH outperformed BTC.

And still has more upside potential compared to BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 27, 2023, 05:56:48 AM
Learn to read the ETHBTC chart.

You are looking for a narrative to be right instead of thinking about why you will be wrong.

There may not be any time to think about a flippening because you missed the peak entirely.

Max pain is peak much, much earlier than people even contemplate followed by a much, much longer bear market. Peak early 2024 and next peak might be late 2029 is max pain.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 28, 2023, 07:54:53 AM
And you should learn how to trade.

You've been flip flopping like crazy throughout this thread and claiming 'it's going to go much lower' at nearly every support level.

While some people were panicking, I bought at most of the lows.

Good luck with your 'narratives' though  :-\
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 28, 2023, 08:17:18 PM
Quote from: Griffith on June 28, 2023, 07:54:53 AM
And you should learn how to trade.

You've been flip flopping like crazy throughout this thread and claiming 'it's going to go much lower' at nearly every support level.

While some people were panicking, I bought at most of the lows.

Good luck with your 'narratives' though  :-\

Maybe Saylor needs to hire you as he just bought the highs again. $347.0 million of btc at an average price of $28,136.

The price was sat well below that for nearly 2 months!

Ark has changed the wording on their spot ETF application which was submitted much earlier than Blackrock. It's now reads very similar to the Blackrocks application. We may have an ETF much sooner than expected. I'm still doubtful.

(https://pbs.twimg.com/media/FztjVrNWAAAM0XT?format=png&name=small)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 28, 2023, 10:04:35 PM
Quote from: Flexacon on June 28, 2023, 08:17:18 PM
Maybe Saylor needs to hire you as he just bought the highs again. $347.0 million of btc at an average price of $28,136.

The price was sat well below that for nearly 2 months!

Ark has changed the wording on their spot ETF application which was submitted much earlier than Blackrock. It's now reads very similar to the Blackrocks application. We may have an ETF much sooner than expected. I'm still doubtful.
Blackrock does have a good track record though regarding their ETF applications - 575:1

https://cryptopotato.com/blackrocks-etf-success-rate-with-the-sec-is-575-to-1-what-about-its-bitcoin-application/#:~:text=BlackRock's%20ETF%20Success%20Rate%20With,What%20About%20its%20Bitcoin%20Application%3F
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 28, 2023, 10:05:59 PM
Quote from: Griffith on June 26, 2023, 11:09:27 PM
Correct, referring to the previous bullrun, ETH outperformed BTC.

And still has more upside potential compared to BTC.
Yes I agree with that. I feel that ETH is currently undervalued vs BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 28, 2023, 10:14:34 PM
Quote from: Mayday on June 26, 2023, 11:02:07 PM

BTC did 2.5x from peak to peak

ETH did 2.2x from peak to peak

Why are people bragging ETH is better? it got nuked to Hades in 2019 as a result of it being a shitcoin and therefore had a larger multiple on its way to a lower peak to peak performance…..

Not only did ETH have a lower performing peak to peak vs BTC But it also did less on ETHBTC ratio than the previous cycle……

A worse peak. A worse performance vs BTC.

I’m with the BTC maxis on this one.
ETH is deflationary and provides yield to stakers. Speaking as a staker, BTC would have to outperform ETH by the APY rate (currently around 5%) to offer equal value. My ETH balance grows via staking. Bitcoin does not offer that.

Ethereum also has a lot more utility than Bitcoin. Bitcoin was brought to a halt recently with the NFT craze. It is entirely unsuitable for that feature.

 ;D

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 28, 2023, 10:59:54 PM
Quote from: Griffith on June 28, 2023, 07:54:53 AM
And you should learn how to trade.

You've been flip flopping like crazy throughout this thread and claiming 'it's going to go much lower' at nearly every support level.

While some people were panicking, I bought at most of the lows.

Good luck with your 'narratives' though  :-\

My post did appear rude now I look at it. not supposed to be so my bad there.

I don’t trade because I’m no good at short term.

Shitposting is exactly that. I post total utter flippant vomit on here. Yes I bought alts at BTC 17.5k (posted it) and said it’ll go to 11k or even 6k. I am dumb. I then said BTC could go as high as 42k and I sold around 29k. Make of that what you will.

I would like layer 2 alts to nuke. Unfortunately that will take out ETH. The thing to ponder about ETHBTC at support is are we all cool with the floor price of a punk NFT being triple that of Bitcoin? are we ok the NFT rock done in MS Paint being worth 150k at the bottom? They will 10x from here if so.

The more ‘alive’ these total pieces of shit are, the less money there is to pull up Bitcoin.
The less Bitcoin can pump, the worse off we all are. The Degenerate stuff exists on the ETH network so all that money holding up jpegs also prevents money flowing into ETH.

We kind of need ETH to take one for the team here and be the sacrificial lamb to kill off the stupid stuff.

Tone is always lost so apologies for being too blunt.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 29, 2023, 03:04:48 PM
Quote from: obsidian on June 28, 2023, 10:05:59 PM
Yes I agree with that. I feel that ETH is currently undervalued vs BTC.

When is the "flippening" happening?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 29, 2023, 11:11:41 PM
Quote from: obsidian link=topic=574601.msg1Bitcoin was brought to a halt recently with the NFT craze. It is entirely unsuitable for that feature.

 ;D

[/quote

This is like saying toilet paper has more utility than a car. They are 2 very different things. In terms of being the new universal censorable and unconfiscatable decentralized digital world currency and global store of value, nothing other than BTC comes close to offering such utility. Not Eth, nor any other alt or shitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 29, 2023, 11:13:19 PM
Quote from: Theoak* on June 29, 2023, 03:04:48 PM
When is the "flippening" happening?

Never.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 30, 2023, 03:24:42 AM
Quote from: gib on June 29, 2023, 11:11:41 PM
[quote author=obsidian link=topic=574601.msg1Bitcoin was brought to a halt recently with the NFT craze. It is entirely unsuitable for that feature.

 ;D



This is like saying toilet paper has more utility than a car. They are 2 very different things. In terms of being the new universal censorable and unconfiscatable decentralized digital world currency and global store of value, nothing other than BTC comes close to offering such utility. Not Eth, nor any other alt or shitcoin.
False analogy. Toilet paper and cars are completely different technologies. Bitcoin and Ethereum are both blockchains.

I would use this analogy:

Bitcoin = An expensive 2-seater classic sportscar that's loud, slow, and can carry few passengers.
Ethereum = Less expensive 5-seater Tesla that's quiet, fast, and can carry many passengers.

 ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 30, 2023, 03:52:29 AM
Quote from: Theoak* on June 29, 2023, 03:04:48 PM
When is the "flippening" happening?
Who knows. The Ethereum + Ethereum token market cap is approaching the market cap of Bitcoin.

BTC: 592 billion

ETH: 230.5 billion

Ethereun Tokens Market Cap: 240.64 billion

https://cryptoslate.com/blockchain/ethereum/

Some notable ETH tokens:

USDT: 83.5 billion
USDC: 27.95 billion
WBTC: 4.6 billion
DAI: 4.6 billion
MATIC: 6.14 billion
SHIB: 4.5 billion

ETH should really be trading at 1/6th the value of BTC because of the total supply. BTC @ $31K means ETH should be around $5k. Disregarding the other positive attributes such as lower current inflation and staking yields. It is currently underpriced relative to Bitcoin.

Michael Saylor reckons BTC dominance will go up to 80%. He lives in a fantasy and he is not looking too healthy lately in some of his interviews. He appears desperate and might be resorting to alcohol.

There are over 7 billion people on the planet. If the total ETH supply was distributed evenly to 1 billion people each person would only receive 0.122 ETH. Obviously, they would receive less BTC - around 0.02 BTC. But the point is even the Ethereum supply is small compared to the number of people on the planet. The world is big enough and there are enough use cases to justify numerous blockhains. Bitcoin is entirely unsuited to function as the one and only blockchain. It would completely choke and grind to a halt.

I also see a structural problem with the current Bitcoin model. As miner yields decrease the network will increasingly have to rely on fees to keep it secure. The fees would have to increase dramatically to keep "miners" incentivized. Therefore Bitcoin will become too expensive to transact with for most people. The lighting network has been touted as the solution. The only issue with that is it is centralized. You would not want to send a huge amount of BTC over the lighting network. And I have heard that it is clunky and overly-complex.

https://coingeek.com/btc-lightning-network-it-still-doesnt-work-but-does-anyone-notice/
https://unboundedcapital.com/blog/why-lightning-doesnt-work


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 30, 2023, 03:57:27 AM
https://decrypt.co/146661/forgone-conclusion-ethererum-is-a-commodity-joe-lubin

It’s A 'Forgone Conclusion' That Ethereum Is A Commodity, Says Joe Lubin
The ConsenSys Founder says Gary Gensler may not be able to admit it, but that his hesitancy doesn’t matter.

Though the U.S. Securities and Exchange Commission (SEC) is waging legal war across the crypto space, Ethereum co-founder Joseph Lubin isn’t breaking a sweat.

When asked about regulators potentially treating Ether (ETH) like a security, the Consensys CEO explained during a Tuesday interview with CNBC that the regulatory verdict on Ethereum is already in.

“The SEC has spoken,” he said, referring to former SEC commissioner Bill Hinman’s 2018 speech on crypto securities and Ethereum.

New documents have revealed that Hinman received multiple warnings from colleagues that the speech could confuse markets into thinking that the SEC had already deemed the asset a non-security.

A security is a financial instrument often (but not always) associated with some kind of investment contract. A commodity, by contrast, is a basic or natural good, like gold, wheat, or cattle.

“The CFTC has spoken very crisply a number of times that they consider Ether like a commodity,” added Lubin.

While Commodities and Futures Trading Commission (CFTC) Chairman Rostin Benham agrees that many cryptocurrencies are securities, he also thinks the three top assets—including Bitcoin (BTC), Ethereum, and Tether (USDT)—belong under his agency’s jurisdiction as commodities.

SEC Chairman Gary Gensler, by contrast, has only publicly deemed Bitcoin as such.

On the topic of Ether, Gensler has kept a tight lip. Some videos from his time as an MIT professor suggest he once thought it was a security, while others indicate he believed it had graduated from a security into a commodity by 2018.

Members of Congress are drafting legislation to clear up this issue, including Cynthia Lummis and Kirsten Gillibrand, and have voiced agreement with the CFTC that Ether is a commodity alongside Bitcoin.

“It’s really a forgone conclusion at this point,” said Lubin. “There may be a regulator or two in the United States that can’t bring himself to utter the fact that Ether is not a security, but I don’t know why that’s the case.”

The SEC sued Binance and Coinbase earlier this month alleging that over a dozen assets listed on their platform were securities, including Paxos-issued stablecoin BUSD.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 30, 2023, 04:03:16 AM
This guy makes interesting observations. I might have to get some Solana.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 30, 2023, 04:04:37 AM
https://u.today/ethereums-vitalik-buterin-feels-bad-for-solana-sol-heres-why

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 30, 2023, 04:14:07 AM
Quote from: obsidian on June 30, 2023, 03:52:29 AM


 

Michael Saylor reckons BTC dominance will go up to 80%. He lives in a fantasy and he is not looking too healthy lately in some of his interviews. He appears desperate and might be resorting to alcohol.


https://coingeek.com/btc-lightning-network-it-still-doesnt-work-but-does-anyone-notice/
https://unboundedcapital.com/blog/why-lightning-doesnt-work

The more healthy sober people are saying Eth will flip Btc, right?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 30, 2023, 04:17:36 AM
Quote from: obsidian on June 30, 2023, 04:03:16 AM
This guy makes interesting observations. I might have to get some Solana.



That guy is a fraud and shitcoin extrodanire. Imagine paying someone to absolutely get wrecked. Bought solana all the way up to 200$ and then he had to sell at 14$. That network has shut down what 14 times now? What a joke.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 30, 2023, 04:53:54 AM
Quote from: Theoak* on June 30, 2023, 04:17:36 AM
That guy is a fraud and shitcoin extrodanire. Imagine paying someone to absolutely get wrecked. Bought solana all the way up to 200$ and then he had to sell at 14$. That network has shut down what 14 times now? What a joke.
In 2011 Bitcoin crashed from $32 to 1 cent! Solana is a relatively new blockchain and volatility is to be expected. I never owned Solana. But it survived the FTX collapse and all the outages. I agree those are a negative and the shitcoin extraordinaire acknowledges those issues. Thanks though for pointing out that the guy is a scam artist. I wonder if he ever settled with the plaintiff. You'd think that Youtube would ban the guy?!

Just thinking perhaps it has crashed to the bottom and could go up again. You have to weigh the pros and the cons. It could very well go lower if it is delisted on more platforms.

https://cointelegraph.com/news/a-brief-history-of-bitcoin-crashes-and-bear-markets-2009-2022

Bear market No. 1: Bitcoin crash from $32 to $0.01 in 2011
Time to retest previous high: 20 months (June 2011–February 2013)

The Bitcoin price broke its first major psychological mark of $1 back in late April 2011 to start its first-ever rally to hit $32 on June 8, 2011. But, the joy didn’t last long, as Bitcoin subsequently plummeted in value to bottom at just $0.01 over the course of a few days.

The sharp sell-off was largely attributed to security issues at the now-defunct Mt. Gox, a Japanese crypto exchange that traded the majority of Bitcoin at the time. The exchange saw 850,000 BTC stolen due to a security breach on its platform, raising major concerns about the security of Bitcoin stored on exchanges.

With BTC losing about 99% of its value in a few days, Bitcoin’s June 2011 flash crash became a big part of Bitcoin history. The event opened a long period before the BTC price recovered to the previous high of $32 and climbed to new highs only in February 2013.

Haha nice #bitcoin crash to 0.01 USD/BTC. http://t.co/jNx8rAr

— Who Knows? ₿⚡️ (@who_knows) June 19, 2011
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ROBOAK on June 30, 2023, 05:51:59 AM
obsidian = good intentions, no brains....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 30, 2023, 07:22:46 PM
Quote from: ROBOAK on June 30, 2023, 05:51:59 AM
obsidian = good intentions, no brains....
Lmao! Ok! Care to explain how you came to that conclusion?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ROBOAK on June 30, 2023, 08:29:11 PM
Quote from: obsidian on June 30, 2023, 04:03:16 AM
This guy makes interesting observations. I might have to waste my money on shitcoin.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 01, 2023, 06:35:57 AM
Quote from: ROBOAK on June 30, 2023, 08:29:11 PM

Here's a secret for you. You might be able to make more money with a shitcoin than more established assets like Bitcoin and Ethereum. Back in 2021 there was an individual that turned an $8,000 Shiba Inu purchase into $5.7 billion! That's more than Saylor's current Bitcoin holdings! Of course, that value is down now. So are Saylor's holdings.

https://markets.businessinsider.com/news/currencies/crypto-investor-turned-8000-into-5-billion-buying-shiba-inu-2021-10

There's no way you could ever do that with the top crypto chains. You need to get in on the ground floor.

Solana has lost a lot of value, due to FTX and now the SEC deeming it a security. And yet it is still around, like XRP. It does have some positive attributes going for it, speed for example. And a thriving developer and staking community. And negatives such as outages. You have to weigh the pros and cons. I have not acquired any Solana and will keep an eye on it.

Perhaps it will lose more value. It has certainly not collapsed as much as Bitcoin did in 2011.

Bitcoin was deemed a shitcoin in its early days. It fell from $32 to 1 cent in 2011. That's a staggering loss of value.

Peter Schiff and others still think Bitcoin is a shitcoin.

So you might want to get off your maxi-pad Bitcoin pedestal dum dum! The crypto community is stronger if we all stand together. Right now the heat is on POS staking coins via the SEC. Next time it will be Bitcoin with the ESG and environment BS. Michael Saylor is an idiot for shitting on other projects. The divide-and-conquer strategy is not the best approach. The world is big enough for many crypto projects to thrive. Saylor is a low class, greedy piece of shit for only wanting his bags to pump.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ROBOAK on July 01, 2023, 06:59:55 AM
Quote from: obsidian on July 01, 2023, 06:35:57 AM
Here's a secret for you. You might be able to make more money with a shitcoin than more established assets like Bitcoin and Ethereum. Back in 2021 there was an individual that turned an $8,000 Shiba Inu purchase into $5.7 billion! That's more than Saylor's current Bitcoin holdings! Of course, that value is down now. So are Saylor's holdings.

https://markets.businessinsider.com/news/currencies/crypto-investor-turned-8000-into-5-billion-buying-shiba-inu-2021-10

There's no way you could ever do that with the top crypto chains. You need to get in on the ground floor.

Solana has lost a lot of value, due to FTX and now the SEC deeming it a security. And yet it is still around, like XRP. It does have some positive attributes going for it, speed for example. And a thriving developer and staking community. And negatives such as outages. You have to weigh the pros and cons. I have not acquired any Solana and will keep an eye on it.

Perhaps it will lose more value. It has certainly not collapsed as much as Bitcoin did in 2011.

Bitcoin was deemed a shitcoin in its early days. It fell from $32 to 1 cent in 2011. That's a staggering loss of value.

Peter Schiff and others still think Bitcoin is a shitcoin.

So you might want to get off your maxi-pad Bitcoin pedestal dum dum! The crypto community is stronger if we all stand together. Right now the heat is on POS staking coins via the SEC. Next time it will be Bitcoin with the ESG and environment BS. Michael Saylor is an idiot for shitting on other projects. The divide-and-conquer strategy is not the best approach. The world is big enough for many crypto projects to thrive. Saylor is a low class, greedy piece of shit for only wanting his bags to pump.

Ethereum = shit coin

Peter Schiff and others still think Bitcoin is a shitcoin.   ,        peter schiff and "others" are gas lighting you CNN/jim cramer style
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 01, 2023, 10:25:35 AM
Quote from: obsidian on June 28, 2023, 10:04:35 PM
Blackrock does have a good track record though regarding their ETF applications - 575:1

https://cryptopotato.com/blackrocks-etf-success-rate-with-the-sec-is-575-to-1-what-about-its-bitcoin-application/#:~:text=BlackRock's%20ETF%20Success%20Rate%20With,What%20About%20its%20Bitcoin%20Application%3F

It's not that I don't think spot ETFs won't be approved eventually. More that the path towards it will be rocky. Loads of delays and BS hypocrisy as we're already seeing.

I think the sketchy players like CZ, Justin Sun, maybe even Silbert need to be brought to their knees before the spot ETFs are approved. Those guys have too much control over the markets and it's likely spot ETFs will eventually make them the richest men on the planet. I can't see them being allowed to be a part of "Wall St Crypto" so no spot ETFs until they are gone. You can add the Tether mob to this too.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 01, 2023, 12:18:54 PM
Quote from: ROBOAK on July 01, 2023, 06:59:55 AM
Ethereum = shit coin

Peter Schiff and others still think Bitcoin is a shitcoin.   ,        peter schiff and "others" are gas lighting you CNN/jim cramer style
I am not getting gaslit dummy. I don't think Bitcoin is a shitcoin. I don't think any top 20 coin is. I am just pointing out that Peter Schiff is using the same derogatory label you're using - but for your precious Bitcoin. That point went way over your head I guess.

Get off your high horse and stop labeling these other projects as shitcoins. They have multi-billion dollar market caps. The people developing them are a lot smarter than you. Have you developed anything with a billion-dollar market cap?!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 01, 2023, 12:20:09 PM
Quote from: Flexacon on July 01, 2023, 10:25:35 AM
It's not that I don't think spot ETFs won't be approved eventually. More that the path towards it will be rocky. Loads of delays and BS hypocrisy as we're already seeing.

I think the sketchy players like CZ, Justin Sun, maybe even Silbert need to be brought to their knees before the spot ETFs are approved. Those guys have too much control over the markets and it's likely spot ETFs will eventually make them the richest men on the planet. I can't see them being allowed to be a part of "Wall St Crypto" so no spot ETFs until they are gone. You can add the Tether mob to this too.
Why is CZ sketchy? Justin Sun I'll agree. But CZ?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 01, 2023, 01:28:48 PM
Quote from: obsidian on July 01, 2023, 12:20:09 PM
Why is CZ sketchy? Justin Sun I'll agree. But CZ?

Binance was just a better managed version of FTX, but it's the same playbook. Don't forget CZ owned 20% of FTX and basically taught Sam how it was done. Same possibly with crypto.com

Binance might be more legit now, but it wasn't in the early days. There is still a mile long list of sketchy stuff that wouldn't pass in a regulated industry that happens over there.

The most recent is the stuff that's gone on with TrueUSD. The custodians of TrueUSD are bankrupt yet Binance continues to use it and now promotes it to their customers. Why? Because BUSD was banned and TrueUSD allows them to continue their "games". They don't seem to care that their customers are holding assets backed by nothing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 02, 2023, 05:55:26 AM
Apart from mixing funds, Binance actively engaged in shitcoinery, not just issuing their own illegal and unregistered security (the BNB token), but also facilitating the sale of numerous other shitcoins as their core business model. Add that to a list of other illegal and criminal activities (money laundering, tax avoidance, etc) it engaged in and it is obvious as to why they are walking on very very thin ice right now and being slowly shut out of and prosecuted in various countries.

Obsidian, I think you know why almost everything but BTC is a shit coin. You are smart enough and often engage in a mixture of either trolling, or argument testing (whereby you deliberately state the other side of a concept you have yourself been contemplating or struggling with, and then reading and considering the responses you receive to help you form your ultimate view). This is a trait numerous intelligent people adopt from time to time as part of their learning process. (It may annoy some people, but in my view it makes for a good discussion). Mr Anabolic actually truely believed his bullshit, but I am certain you do not truly believe all of yours.

There is and will only ever be one immaculate conception of the creation of a global digital decentralized censorable store of money. And that is Bitcoin. Bitcoin is unique in that it is a commodity, because it was simply source code, open to the public to use and mine from the very first block. People without a good knowledge of securities laws may not grasp this concept well. Indeed this is clear from the numerous posts from people I see of people who don't understand the actions of Gensler and the SEC.

After the creation of Bitcoin, the shit-coinery started. We saw people try to fork Bitcoin (arguably still Bitcoin as any fork still comes from the same root and any BTC holder owns all fork coins (unless they sold them). Then we saw a bunch of Bitcoin copies such as "Doge coin". And then we saw copies of such copies such as "Shiba Inu". And then we saw more and more shit affinity scam coins, each touting some advantage to Bitcoin - this one is better for marijuana sellers, this one is better for online porn, this one better for the environment, this one is faster, this one is more secure, this one will be used by banks, blah blah blah, etc. Then we saw various idiot logic coins (this one you get 1000000 coins the the price of one BTC, so its "better value"). And we saw a host of "project coins" and "utility coins" (eg Cardano, XRP, Solana, Eth etc) which are all very obviously illegal and unregistered securities in clear breach of SEC and many other global stock exchange and company rule regulations. And further, most of those shitcoins with "projects" and "whitepapers" were themselves are absolute shit scams with no genuine intent to fulfill any such cited purposes, and then even for those with actual legitimate "projects" the value of the coins have almost no real correlation to the actual value of the project itself (as opposed to if the project was trading and disclosing financial filings as they would need to if they traded as the stock of a regulated security.)

And of course, in almost all of the above examples of shit coins, we saw, unlike BTC, that various "founders" immediately raised cash which they received in return for their "projects" (unlike Bitcoin, where no founder received any money or pre-mined coins, and had to work equally as any other person to mine a coin from day #1). And that of course includes each beneficiary of the so called "Ethereum foundation". Again, many people just don't understand this distinction, but those who are in fields of finance or law clearly do. Which is of course why the massive players and powers that be in finance are all poised to support BTC (which will lead to massive inflow of adoption and of course value in the years ahead).

That is the distinction between Bitcoin, and the vast majority of shitcoin "crypto".

That does not mean people cannot make money dealing in shit and reselling scams. I could create a fake diamond, and then sell it to someone else with some BS story about how its "better than a real diamond". The fact that I could make huge money from such scamery in excess of the money I could make from the increase in value of a genuine diamond over a short period of time, does not mean that the fake diamond is a better investment than the real diamond.

As for the story of the the guy who made a billion form 8K in shit coins (sorry Shib coins), it is not true, and I think you know that. The problem is of course liquidity. I could invent 1 million coins, and then sell one to you $100 giving me a total market cap and immediate wealth of $100,000,000 (minus $100 being the coin you have). However, that does not mean I could ever liquidate the coins I have, and so the wealth I have is in practice unrealizable.

I know personally, numerous people very close to the inner circle of shotcoinery. They have made hundreds of millions in the shitcoin ecosystem. I've been to the mansions, seen the cars, yachts etc. Even been offered the opportunity of participating. And of course had to consider it and also whether I could and would do the same. I concluded its not for me. Its nasty stuff, and ultimately I could not live with myself for pulling such scams (both with the bad karma and heavy conscience that comes from pulling such scams on innocent and niave victims, but also the constant fear of the legal risk that comes with the territory if you engage in shitcoinery). So I instead put my effort into educating and warning others, and will over time receive my positive karma through the ongoing global adoption of Bitcoin over time. I urge you and all others here to do the same.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on July 02, 2023, 07:42:05 AM
Quote from: Mayday on June 28, 2023, 10:59:54 PM
My post did appear rude now I look at it. not supposed to be so my bad there.

I don’t trade because I’m no good at short term.

Shitposting is exactly that. I post total utter flippant vomit on here. Yes I bought alts at BTC 17.5k (posted it) and said it’ll go to 11k or even 6k. I am dumb. I then said BTC could go as high as 42k and I sold around 29k. Make of that what you will.

I would like layer 2 alts to nuke. Unfortunately that will take out ETH. The thing to ponder about ETHBTC at support is are we all cool with the floor price of a punk NFT being triple that of Bitcoin? are we ok the NFT rock done in MS Paint being worth 150k at the bottom? They will 10x from here if so.

The more ‘alive’ these total pieces of shit are, the less money there is to pull up Bitcoin.
The less Bitcoin can pump, the worse off we all are. The Degenerate stuff exists on the ETH network so all that money holding up jpegs also prevents money flowing into ETH.

We kind of need ETH to take one for the team here and be the sacrificial lamb to kill off the stupid stuff.

Tone is always lost so apologies for being too blunt.

No worries.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 02, 2023, 08:49:48 AM
Shitcoins ...

https://beincrypto.com/full-list-cryptos-securities-sec-lawsuit-binance-coinbase/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 02, 2023, 09:14:27 PM


I used Binance and it’s full of phantom orders and fake volume. Been known for years.

I would place limit orders and price would move right past me without being filled.

Got to the stage where I only market buy/ market sell otherwise I couldn’t Get fillled or the order book would vanish.

Places who do that are also trading against you.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 02, 2023, 10:42:21 PM
Quote from: Mayday on July 02, 2023, 09:14:27 PM

I used Binance and it’s full of phantom orders and fake volume. Been known for years.

I would place limit orders and price would move right past me without being filled.

Got to the stage where I only market buy/ market sell otherwise I couldn’t Get fillled or the order book would vanish.

Places who do that are also trading against you.

Fully agree. And yes they definitely were doing that. Very sneaky.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on July 03, 2023, 07:17:30 AM
Quote from: obsidian on June 30, 2023, 03:52:29 AM
Who knows. The Ethereum + Ethereum token market cap is approaching the market cap of Bitcoin.

BTC: 592 billion

ETH: 230.5 billion

Ethereun Tokens Market Cap: 240.64 billion

https://cryptoslate.com/blockchain/ethereum/

Some notable ETH tokens:

USDT: 83.5 billion
USDC: 27.95 billion
WBTC: 4.6 billion
DAI: 4.6 billion
MATIC: 6.14 billion
SHIB: 4.5 billion

ETH should really be trading at 1/6th the value of BTC because of the total supply. BTC @ $31K means ETH should be around $5k. Disregarding the other positive attributes such as lower current inflation and staking yields. It is currently underpriced relative to Bitcoin.

Michael Saylor reckons BTC dominance will go up to 80%. He lives in a fantasy and he is not looking too healthy lately in some of his interviews. He appears desperate and might be resorting to alcohol.

There are over 7 billion people on the planet. If the total ETH supply was distributed evenly to 1 billion people each person would only receive 0.122 ETH. Obviously, they would receive less BTC - around 0.02 BTC. But the point is even the Ethereum supply is small compared to the number of people on the planet. The world is big enough and there are enough use cases to justify numerous blockhains. Bitcoin is entirely unsuited to function as the one and only blockchain. It would completely choke and grind to a halt.

I also see a structural problem with the current Bitcoin model. As miner yields decrease the network will increasingly have to rely on fees to keep it secure. The fees would have to increase dramatically to keep "miners" incentivized. Therefore Bitcoin will become too expensive to transact with for most people. The lighting network has been touted as the solution. The only issue with that is it is centralized. You would not want to send a huge amount of BTC over the lighting network. And I have heard that it is clunky and overly-complex.

https://coingeek.com/btc-lightning-network-it-still-doesnt-work-but-does-anyone-notice/
https://unboundedcapital.com/blog/why-lightning-doesnt-work

Been awhile since I checked the market cap of BTC and ETH.

Didn't know the gap had closed so much!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Agnostic007 on July 03, 2023, 11:21:35 PM
I lost $25 speculating. I'm a little  hesitant to jump back in...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 04, 2023, 03:45:14 AM
Quote from: Agnostic007 on July 03, 2023, 11:21:35 PM
I lost $25 speculating. I'm a little  hesitant to jump back in...

…

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on July 04, 2023, 05:35:04 AM
Quote from: Agnostic007 on July 03, 2023, 11:21:35 PM
I lost $25 speculating. I'm a little  hesitant to jump back in...

Put your money in GBTC.

You'll thank me soon.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 09, 2023, 02:05:12 AM
Quote from: Flexacon on July 01, 2023, 01:28:48 PM
Binance was just a better managed version of FTX, but it's the same playbook. Don't forget CZ owned 20% of FTX and basically taught Sam how it was done. Same possibly with crypto.com

Binance might be more legit now, but it wasn't in the early days. There is still a mile long list of sketchy stuff that wouldn't pass in a regulated industry that happens over there.

The most recent is the stuff that's gone on with TrueUSD. The custodians of TrueUSD are bankrupt yet Binance continues to use it and now promotes it to their customers. Why? Because BUSD was banned and TrueUSD allows them to continue their "games". They don't seem to care that their customers are holding assets backed by nothing.
It's obvious to me Binance is being attacked by the globalists. There are rumors that the DNC / Democrats were laundering money through FTX. Hence why the SEC never investigated FTX / SBF. Then when FTX started to collapse SBF tried to get CZ to bail them out. He opted out and now they are going after him. Notice the news is all about how bad Binance is and not much about FTX. Before FTX collapsed there was not much FUD against Binance. The US allowed Binance to operate in the US via Binance.US. Based on this I transferred my holdings from Binance to Binance.US and incurred fees as a result.

Now the SEC has the nerve to request that Binance.US assets be frozen. What about my holdings on Binance.US which was acquired via mining and paid for with cash that I earned via working my ass off?! And the bastards want me to pay taxes on this while at the same time trying to ban it?!

As far as I am concerned the moment the US government was willing to accept tax payments for crypto was the moment they lost the right to ban it. It is time to ban bought and paid for politicians...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on July 09, 2023, 02:08:13 AM
Quote from: Slapper on July 04, 2023, 05:35:04 AM
Put your money in GBTC.

You'll thank me soon.

To the moon!! HODL!! It's still early!! (after 13 years) :o :D :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 09, 2023, 02:18:18 AM
It's possible that SBF was air-dropped into the crypto sphere with the sole purpose to discredit and damage it. It could all be smoke and mirrors. He is taking the fall while it allows the US government to go after crypto.

The leftist media will of course claim these are all dumb conspiracy theories.

https://slate.com/technology/2022/12/sam-bankman-fried-arrested-ftx-sbf-department-of-justice-conspiracy-theory.html

https://www.cnbc.com/2023/06/15/us-withdraws-new-charges-in-sam-bankman-fried-case-punts-them-to-2024.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 13, 2023, 02:06:31 PM
Quote from: Flexacon on June 10, 2023, 10:06:16 PM

Can you imagine if Ripple win though . It would be reverse uno for the SEC and the greatest psyop ever. Market confidence would be back in a huge way. Gotta be ready for that just in case.

They haven't won, but shitcoinary won today.

Quote from: Flexacon on June 21, 2023, 01:46:32 AM

Come on Gib. You've been here longer than anyone. Shitcoins were far more dead in 2019 than they right now. They would need to drop maybe another 80% to reach 2019 "dead" levels".

That can happen if btc hits 40k plus and shitcoin prices dont move, but more likely 2 more Alt washouts/rug pulls are needed.

The SEC also needs to come out with another list of 50 to 100 coins they deem securities. Coinbase, Binance, Kraken and all the other exchanges need to delist them or the exchanges need to go extinct and then maybe shitcoinery stops.

Anything else is just wishful thinking. Just like the wishful thinking that ETH would be deemed a security.

Gib, A Judge in Ripple v SEC just ruled that shitcoin trading on exchanges is NOT an investment contract, so not a security (direct selling is the issue) just like I told you was the case many times. XRP is getting listed on coinbase right now.

Of course without dodgy exchanges and bad actors wash trading and manipulating shitcoin prices there may well be no x100 coins in the future as there will be no real volume, but that is a battle  for another day. Today you were comprehensively WRONG.

And no *Theoak* the whole of the crypto space isn't captured by the government.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on July 13, 2023, 02:53:35 PM
Quote from: Flexacon on July 13, 2023, 02:06:31 PM
They haven't won, but shitcoinary won today.

Gib, A Judge in Ripple v SEC just ruled that shitcoin trading on exchanges is NOT an investment contract, so not a security (direct selling is the issue) just like I told you was the case many times. XRP is getting listed on coinbase right now.

Of course without dodgy exchanges and bad actors wash trading and manipulating shitcoin prices there may well be no x100 coins in the future as there will be no real volume, but that is a battle  for another day. Today you were comprehensively WRONG.

And no *Theoak* the whole of the crypto space isn't captured by the government.
 

I never said whole crypto space is captured by government. I said over  a long enough  time frame coins like Eth (pos) become more and more centralised and end up being captured as they resemble the existing fiat system. This will play out over decades, rest of shitn coin will follown their  true price discovery ,0.

As for shit  coins I stated  only 100M people today are in crypto out of 7billion +. So far more retards yet to come into the space to pump,dump and rug pull. 

In terms of Eth, I said it won't be classified as a security even though it should be.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 13, 2023, 03:04:53 PM
Quote from: Theoak* on July 13, 2023, 02:53:35 PM
 

I never said whole crypto space is captured by government. I said over  a long enough  time frame coins like Eth (pos) become more and more centralised and end up being captured as they resemble the existing fiat system. This will play out over decades, rest of shitn coin will follown their  true price discovery ,0.

As for shit  coins I stated  only 100M people today are in crypto out of 7billion +. So far more retards yet to come into the space to pump,dump and rug pull. 

In terms of Eth, I said it won't be classified as a security even though it should be.

I was preemptively trolling your earlier captured Eth post

Quote from: Theoak* on July 13, 2023, 02:53:35 PM
 
In terms of Eth, I said it won't be classified as a security even though it should be.

Or maybe, just maybe yours and Gibs take on the subject was just wrong.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on July 13, 2023, 03:32:58 PM
Shorts got spanked on Coin:

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 13, 2023, 07:00:38 PM
Quote from: Flexacon on July 13, 2023, 02:06:31 PM
They haven't won, but shitcoinary won today.

Gib, A Judge in Ripple v SEC just ruled that shitcoin trading on exchanges is NOT an investment contract, so not a security (direct selling is the issue) just like I told you was the case many times. XRP is getting listed on coinbase right now.

Of course without dodgy exchanges and bad actors wash trading and manipulating shitcoin prices there may well be no x100 coins in the future as there will be no real volume, but that is a battle  for another day. Today you were comprehensively WRONG.

And no *Theoak* the whole of the crypto space isn't captured by the government.
Ripple was up over 70% today! It's retraced a bit. XRP was screwed in the last bull run. Perhaps this time it will lead the way?

https://www.reuters.com/legal/us-judge-says-sec-lawsuit-vs-ripple-labs-can-proceed-trial-some-claims-2023-07-13/

Ripple Labs notches landmark win in SEC case over XRP cryptocurrency

July 13 (Reuters) - Ripple Labs Inc did not violate federal securities law by selling its XRP token on public exchanges, a U.S. judge ruled on Thursday, a landmark legal victory for the cryptocurrency industry that sent the value of XRP soaring.

XRP was up 75% by late afternoon on Thursday, according to Refinitiv Eikon data.

The ruling by U.S. District Judge Analisa Torres was the first win for a cryptocurrency company in a case brought by the U.S. Securities and Exchange Commission -- though it did also give the SEC a partial victory.

While the decision is specific to the facts of the case, it likely will provide ammunition for other crypto firms battling the SEC over whether their products fall under the regulator's jurisdiction.

An SEC spokesperson said the agency was pleased with part of the ruling in which the judge held that Ripple violated federal securities law by selling XRP directly to sophisticated investors.

It is possible for the ruling to be appealed once a final judgment is issued, or if the judge allows it before then.

The SEC spokesperson said the regulator was reviewing the decision.

Ripple Chief Executive Brad Garlinghouse in an interview called the ruling "a huge win for Ripple but more importantly for the industry overall in the U.S."

Coinbase (COIN.O), the largest U.S. crypto exchange, said it would again allow trading of XRP on its platform.

"We’ve read Judge Torres’ thoughtful decision. We’ve carefully reviewed our analysis. It’s time to relist," Coinbase chief legal officer Paul Grewal said on Twitter.

WHEN CRYPTO IS NOT A SECURITY
The SEC had accused the company and its current and former chief executives of conducting a $1.3 billion unregistered securities offering by selling XRP, which Ripple's founders created in 2012.

The case has been closely watched in the cryptocurrency industry, which disputes the SEC's assertion that the vast majority of crypto tokens are securities and subject to its strict investor protection rules. The agency has brought more than 100 enforcement crypto actions, claiming various tokens are securities, but many of those have ended in settlements.

In the few cases that have gone to court, judges have agreed with the SEC that the crypto assets at issue were securities, which unlike assets such as commodities are strictly regulated, must be registered with the SEC by their issuer and require detailed disclosures to inform investors of potential risks.

Torres ruled that Ripple's XRP sales on public cryptocurrency exchanges were not offers of securities under the law, because purchasers did not have a reasonable expectation of profit tied to Ripple's efforts.

Those sales were "blind bid/ask transactions," she said, in which buyers "could not have known if their payments of money went to Ripple, or any other seller of XRP."

Torres applied a U.S. Supreme Court case that said "an investment of money in a common enterprise with profits to come solely from the efforts of others," is a kind of security called an investment contract.

XRP sales on cryptocurrency platforms by Garlinghouse and co-founder and former CEO Chris Larsen, and other distributions including compensation to employees also did not involve securities, Torres ruled.

PARTIAL WIN FOR THE SEC
The SEC won a partial victory as Torres found the company's $728.9 million of XRP sales to hedge funds and other sophisticated buyers amounted to unregistered sales of securities.

Torres ruled that Ripple's marketing aimed at institutional investors made clear the company "was pitching a speculative value proposition for XRP" that depended on company efforts to develop the blockchain infrastructure behind the digital asset.

She said a jury must decide whether Garlinghouse and Larsen aided the company's violation of law, and that the defendants cannot argue at trial that they lacked "fair notice" that XRP was a cryptocurrency.

"The law does not require the SEC to warn all potential violators on an individual or industry level," she said.

CALLS FOR LEGISLATION
Gary DeWaal, an attorney at Katten Muchin Rosenman, said the ruling should help Coinbase in fighting its own SEC case.

The market reaction indicates the ruling is a "tremendous event for the industry," he said.

Both the Ripple and Coinbase cases focus on registration requirements and whether certain digital assets are securities under U.S. law.

The crypto industry has called for legislation to provide clear rules for tokens, and the ruling brought new calls for Congress to clarify the status of digital assets.

House of Representatives Majority Whip Tom Emmer, a Republican, in a post on Twitter said the ruling established that "a token is separate and distinct from an investment contract it may or may not be part of."

"Now, let’s make it law," he said.

Reporting by Jody Godoy and Chris Prentice in New York and Tom Hals in Wilmington, Delaware; Editing by Chizu Nomiyama, Conor Humphries, Leslie Adler and David Gregorio
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 13, 2023, 07:05:09 PM
The reason Bitcoin is lagging today is because of the recent ESG ratings that came out for cryptos. Like it or not, ESG is a factor.

https://www.coindesk.com/markets/2023/07/13/ethereum-tops-new-crypto-esg-ranking-bitcoin-slammed-for-heavy-energy-usage/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 13, 2023, 07:09:54 PM
Quote from: Theoak* on July 13, 2023, 02:53:35 PM
 

I never said whole crypto space is captured by government. I said over  a long enough  time frame coins like Eth (pos) become more and more centralised and end up being captured as they resemble the existing fiat system. This will play out over decades, rest of shitn coin will follown their  true price discovery ,0.

As for shit  coins I stated  only 100M people today are in crypto out of 7billion +. So far more retards yet to come into the space to pump,dump and rug pull. 

In terms of Eth, I said it won't be classified as a security even though it should be.
https://cryptoslate.com/analysis-bitcoin-costs-1-4-billion-to-51-attack-consumes-as-much-electricity-as-morocco/

Analysis: Bitcoin Costs $1.4 Billion to 51% Attack, Consumes as Much Electricity as Morocco

To successfully conduct a 51 percent attack on the Bitcoin network would cost an incredible $1.4 billion. This massive network supports over 5 million specialized ASIC mining computers, consuming a total of 29 Terawatt hours of electricity a year—as much as the entire country of Morocco.

One of the underpinnings of the Bitcoin network is its security. The major selling points of BTC is its ability to survive censorship, repel malicious actors, and dodge regulatory scrutiny. To achieve this security, it is necessary that computers engage in an activity called ‘mining,’ the process of solving complex algorithms while adding transactions to the Bitcoin ledger.

In a clever combination of cryptography and behavioral economics, miners are rewarded for acting honestly and securing the network. These miners are selected randomly based on the percentage of the mining power they own and by extension the percentage of computer hardware that they own.

One of the key concepts in the Bitcoin blockchain is that the longest chain of blocks (equal to the longest string of selected miners) is considered the ‘real’ Bitcoin, or the real state of the ledger.

However, there is one vulnerability to this system. If an individual, or group of individuals, is able to secure more than fifty percent of the network, then they would be able to take control over it: a so-called fifty-one percent attack. Once taken over, this group could rewrite the supposedly immutable Bitcoin history, change the core software on the system, steal Bitcoin from users, and conduct a whole host of other nefarious acts.

Why Mining is Expensive

In order to secure the network against fifty-one percent attacks, it is crucial that inordinately expensive processes are required for any one group to gain control of more than half the network. As such, the process of mining is extremely electricity-intensive, and intentionally so. The purportedly ‘wasteful’ Bitcoin mining makes the cost of taking over the network impractical.

Analysts at CryptoSlate were able to compute the amount of money it would take to conduct such an attack. To gain a sustainable 50 percent or more of the network, it would require that an organization either build its own facilities or collude with existing Bitcoin miners.

For the full figures and calculations, scroll to the “Calculations and Math” section at the footer of the article.

By the Numbers

Based on the current number of computations produced by the computers solving the Bitcoin algorithm, a.k.a. the network hash rate, it would cost approximately $1.4 billion to conduct a fifty-one percent attack.

Such an attack would require 2.4 million of the most advanced ASIC computers currently available. To house these units it would require approximately $250 million in infrastructure, including buildings, ventilation, and other construction costs.

This many ASICs would consume roughly 29.3 Terawatts of electricity annually, roughly the same amount of electricity that is consumed by the entire country of Morocco.

At a standard electricity rate of $0.12 per kWh, mining one Bitcoin costs $6100.

To run all of these ASICs would cost over $2 million per day in electricity alone. Labor and other miscellaneous costs would add another $240 thousand to this daily figure. Note, these figures do not include potential costs that could be recouped by selling Bitcoin back into the market during the chaos. It is possible that an attacker could recoup 20-100 percent of the costs depending on the health of the Bitcoin market at the time of the sale, potentially reducing the cost of attack.

Note, these metrics mirror what the total Bitcoin network currently consumes, not accounting for higher electricity costs and mining with inefficient hardware.

What this Means for Bitcoin

The astronomical costs to fifty-one percent attack Bitcoin make it fairly secure from a potential attack from an outsider. It is quite unlikely that any private entity would be able to amass the funds, or wherewithal, to attack the Bitcoin network. For a public network that facilitates over 250 thousand transactions per day, it is necessary for a network to be this secure.

Even if such an attack were possible, such an exercise would render any spoils near worthless as the confidence in the Bitcoin network would be destroyed.

That said, the network is still highly vulnerable to cartels. Some sources estimate that 70-80 percent of mining is conducted in China. Although these miners are competitors, many of them regularly meet with each other at conferences and other events. Since there are some lucrative incentives to collude, such as passing favorable updates to the Bitcoin software, it is possible that these miners are already impacting the direction of software updates to the underlying protocol.

Another such doomsday scenario is that a government, such as China’s, could gather the resources necessary to build this number of mining facilities, or even commandeer existing ones through nationalization.

Even considering all of these possibilities, the cost to totally undermine the Bitcoin network is astronomical. This clever combination of cryptography and financial incentives makes Bitcoin an incredibly secure public network, and, consequently, is one of the major reasons for Bitcoin’s underlying value and appeal as a store of value and a means of commerce.

However, how the technology will survive against more efficient security algorithms, such as proof-of-stake, is another matter entirely.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 13, 2023, 10:18:41 PM
Quote from: obsidian on July 13, 2023, 07:00:38 PM
Ripple was up over 70% today! It's retraced a bit. XRP was screwed in the last bull run. Perhaps this time it will lead the way?


The ripple guys deserve to have the book thrown at them. As far as XRP goes it's maybe lost too much ground as a cryptocurrency and tradfi have been working on similar solutions. A shame as it might have been something special.

Quote from: obsidian on July 13, 2023, 07:05:09 PM
The reason Bitcoin is lagging today is because of the recent ESG ratings that came out for cryptos. Like it or not, ESG is a factor.

https://www.coindesk.com/markets/2023/07/13/ethereum-tops-new-crypto-esg-ranking-bitcoin-slammed-for-heavy-energy-usage/

I think BTC was just lagging because the judgment in Ripple vs SEC was bullish only for alts. They were just making up some of the ground they lost. Normal service will resume with BTC leading.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on July 14, 2023, 06:14:31 AM
Quote from: Theoak* on July 13, 2023, 02:53:35 PM
 

I never said whole crypto space is captured by government. I said over  a long enough  time frame coins like Eth (pos) become more and more centralised and end up being captured as they resemble the existing fiat system. This will play out over decades, rest of shitn coin will follown their  true price discovery ,0.

As for shit  coins I stated  only 100M people today are in crypto out of 7billion +. So far more retards yet to come into the space to pump,dump and rug pull. 

In terms of Eth, I said it won't be classified as a security even though it should be.

I’ve always believed this. The whole reason for dropping the Gold Standard is because it put “Golden Handcuffs” on government spending. Why would these same governments advocate another type of currency that can’t be created out of thin air?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 14, 2023, 03:43:28 PM
Quote from: Thin Lizzy on July 14, 2023, 06:14:31 AM
Why would these same governments advocate another type of currency that can’t be created out of thin air?

Exactly. They won’t. The measurement is a currency’s value vs another currency, not Gold which is why they ditched it. Been almost 50yrs and nothing has collapsed despite the constant end of fiat fears.

We shut down the entire globe. Printed money out of thin air. Experienced the largest property boom of our young generation, experienced the largest wage inflation of our generation, the best employment of our generation. Yet all we hear of is misery and collapse.

Printing money is awesome if you understand how to use it to your advantage which these global controllers clearly do. Average Joe has no fucking idea and keeps resetting their debt clock.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 14, 2023, 03:59:20 PM
Quote from: obsidian on July 13, 2023, 07:00:38 PM
Ripple was up over 70% today! It's retraced a bit. XRP was screwed in the last bull run. Perhaps this time it will lead the way?

Down for 2,000 days and dumped right at the sweet spot.

Hyped like crazy only to be dumped on…… Oh but the big wave is coming…. You just need to wait another 600+ days and it’ll go to $15 lol 😂 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 14, 2023, 04:24:19 PM
Quote from: Mayday on July 14, 2023, 03:59:20 PM
Down for 2,000 days and dumped right at the sweet spot.

Hyped like crazy only to be dumped on…… Oh but the big wave is coming…. You just need to wait another 600+ days and it’ll go to $15 lol 😂
So far it has not really dumped much post-recent-SEC-verdict. It's up 53.69% for the past 7 days. Look at the graph.

XRP was screwed when the SEC sued Ripple. That's what really tanked and suppressed the price. Some would argue the recent verdict makes XRP the only regulated crypto to date.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 14, 2023, 04:31:41 PM
Quote from: Flexacon on July 13, 2023, 10:18:41 PM
The ripple guys deserve to have the book thrown at them. As far as XRP goes it's maybe lost too much ground as a cryptocurrency and tradfi have been working on similar solutions. A shame as it might have been something special.

I think BTC was just lagging because the judgment in Ripple vs SEC was bullish only for alts. They were just making up some of the ground they lost. Normal service will resume with BTC leading.
Well if you zoom out 3 years then BTC is trailing ETH, BNB, XRP, SOL, DOGE.

Zoom 5 years out and BTC edges out ETH by a little and still trails BNB and DOGE significantly.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Thin Lizzy on July 14, 2023, 04:50:09 PM
Quote from: Mayday on July 14, 2023, 03:43:28 PM
Exactly. They won’t. The measurement is a currency’s value vs another currency, not Gold which is why they ditched it. Been almost 50yrs and nothing has collapsed despite the constant end of fiat fears.

We shut down the entire globe. Printed money out of thin air. Experienced the largest property boom of our young generation, experienced the largest wage inflation of our generation, the best employment of our generation. Yet all we hear of is misery and collapse.

Printing money is awesome if you understand how to use it to your advantage which these global controllers clearly do. Average Joe has no fucking idea and keeps resetting their debt clock.

China coming on board was a huge factor in this. The massive growth of the Chinese economy for 30 years was extremely deflationary allowing the financial establishment to get away with massive devaluation without a corresponding rise in prices. Now that China’s growth has essentially halted, they won’t be able to get away with the shenanigans to the same extent.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 15, 2023, 08:51:08 PM
Quote from: obsidian on July 14, 2023, 04:24:19 PM
So far it has not really dumped much post-recent-SEC-verdict. It's up 53.69% for the past 7 days. Look at the graph.

XRP was screwed when the SEC sued Ripple. That's what really tanked and suppressed the price. Some would argue the recent verdict makes XRP the only regulated crypto to date.

Mmmmm 2,000 days of not being able to make an ATH. when the biggest pump hype argument it’s been waiting comes in it only bumps an extra +50%. Sorry but I’m not excited over that at all because it Got dumped from a 2,000 days downtrend which is not good news.

Every main coin is above its 2017 ATH meanwhile XRP is -77% down. There are no more court cases to win for XRP, it’s already not a security. An old coin now has to fight 60,000 other alt coins for money share and the one till it had has been used.

The one fly in the ointment for crypto is the crowd learned to head straight for new alts. All those NFTs of punks and monkey’s are trapped.

Quote from: Thin Lizzy on July 14, 2023, 04:50:09 PM
China coming on board was a huge factor in this. The massive growth of the Chinese economy for 30 years was extremely deflationary allowing the financial establishment to get away with massive devaluation without a corresponding rise in prices. Now that China’s growth has essentially halted, they won’t be able to get away with the shenanigans to the same extent.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ROBOAK on July 15, 2023, 10:34:31 PM
Quote from: obsidian on July 13, 2023, 07:05:09 PM
The reason Bitcoin is lagging today is because of the recent ESG ratings that came out for cryptos. Like it or not, ESG is a factor.

https://www.coindesk.com/markets/2023/07/13/ethereum-tops-new-crypto-esg-ranking-bitcoin-slammed-for-heavy-energy-usage/

dont make me laugh , this is just more shit coin dick suck , that gay little list doesnt change the fact that ethereum can disappear over night with the push of a button and bit coin is invincible/immortal
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 16, 2023, 12:05:09 AM
Quote from: Flexacon on July 13, 2023, 02:06:31 PM
They haven't won, but shitcoinary won today.

Gib, A Judge in Ripple v SEC just ruled that shitcoin trading on exchanges is NOT an investment contract, so not a security (direct selling is the issue) just like I told you was the case many times. XRP is getting listed on coinbase right now.

Of course without dodgy exchanges and bad actors wash trading and manipulating shitcoin prices there may well be no x100 coins in the future as there will be no real volume, but that is a battle  for another day. Today you were comprehensively WRONG.


First of all I would say, there is no "win" here as the process is still well underway until we get to an ultimate court decision, as opposed to the opinion of a lower court.

Second, the court made it very clear that XRP is an illegal security. Ripple raised funds issuing an illegal security. That is what I explained here a number of times, and that was confirmed by the court.

The so-called "win" you are referring to, is that the court seemed to indicate that it is not a breach of certain securities laws for individuals not involved in the initial illegal issuance, to sell illegally issued securities to each other. This will obviously be appealed, and really commonsense and logic will dictate that obviously, it makes little sense for illegally issued securities to be "legally traded".

So for example, if I illegally make fake Channel handbags and sell those as the manufacturer, clearly that is illegal. Similarly, whilst not as "bad" it would still be illegal for aa buyer of such fake hang bags to sell them to others.

Further, on this aspect, there are numerous other laws and processes (apart from securities laws) (eg wire fraud, consumer protection laws, banking laws, class actions) which can (and will) be used, to take action against anyone who facilitated such trades or who engages in such trading. This is why most reputable institutions of any repute will never touch an alt / shit coin, and any exchange facilitating such trading is taking a huge risk, and why BTC will be the clear winner from all this.

Yes, there was a little pop in interest in XRP, which is not unlike Musk tweeting about doggies. Very short term blip, but really a load of nonsense and without logical basis...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 16, 2023, 12:07:06 AM
Quote from: obsidian on July 14, 2023, 04:31:41 PM
Well if you zoom out 3 years then BTC is trailing ETH, BNB, XRP, SOL, DOGE.


Any small cap shitcoin can outperform BTC in the short term. That does not make shitcoins a good investment I have explained this earlier.  I could create a shit coin, and make one trade to a 3rd party, giving it a theoretical market cap of a Billion in a split second. So if you think shit coins are a good investment on this basis, then I have one to sell you... :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 16, 2023, 12:14:49 AM
Quote from: ROBOAK on July 15, 2023, 10:34:31 PM
ethereum can disappear over night with the push of a button and bit coin is invincible/immortal

Well said. I am surprised by how many people really don't  "get it". They are really just buying in their mind, a coin called "ETH" without ever really having considered the underlying tech (although maybe thinking they do. "Oh, but ETH is better than BTC as its used for smart contracts...").

Lessons will be learned, just like many many shitcoiners have hopefully learned already.

I can't believe how obvious it is that people still don't get it. All is poised for a MASSIVE boom in BTC as institutions globally (and increasingly some countries) are stealthily poising to accumulate and then promote and facilitate, what will very likely be the biggest wealth grab this century. Anyone here reading this has a HUGE OPPORTUNITY, if they just act now to secure their future. Once the race is on, there will be an insane chase to accumulate, pushing up a 100% limited supply of value which can be accumulates, and used, globally.

All the major players are just now jostling for the best position at the starting line. Meanwhile, Mr Anabolic is still angrily shaking his walking stick at storm clouds, angry at them for making it rain...

 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ROBOAK on July 16, 2023, 07:02:18 AM
category A:   Ammunition,Gold,Cocaine,Bitcoin,Water


category B:  laundry mat token,arcade token,ethereum,car wash token,dogecoin
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 17, 2023, 12:02:43 AM
Quote from: gib on July 16, 2023, 12:05:09 AM
First of all I would say, there is no "win" here as the process is still well underway until we get to an ultimate court decision, as opposed to the opinion of a lower court.

Second, the court made it very clear that XRP is an illegal security. Ripple raised funds issuing an illegal security. That is what I explained here a number of times, and that was confirmed by the court.

The so-called "win" you are referring to, is that the court seemed to indicate that it is not a breach of certain securities laws for individuals not involved in the initial illegal issuance, to sell illegally issued securities to each other. This will obviously be appealed, and really commonsense and logic will dictate that obviously, it makes little sense for illegally issued securities to be "legally traded".

So for example, if I illegally make fake Channel handbags and sell those as the manufacturer, clearly that is illegal. Similarly, whilst not as "bad" it would still be illegal for aa buyer of such fake hang bags to sell them to others.

Further, on this aspect, there are numerous other laws and processes (apart from securities laws) (eg wire fraud, consumer protection laws, banking laws, class actions) which can (and will) be used, to take action against anyone who facilitated such trades or who engages in such trading. This is why most reputable institutions of any repute will never touch an alt / shit coin, and any exchange facilitating such trading is taking a huge risk, and why BTC will be the clear winner from all this.

Yes, there was a little pop in interest in XRP, which is not unlike Musk tweeting about doggies. Very short term blip, but really a load of nonsense and without logical basis...

The court didn't seemingly indicate anything, they explicitly stated that tokens are separate and distinct from an investment contract, so on their own are not securities.

(https://twitter.com/GOPMajorityWhip/status/1679525171479150592/photo/1)

Also your Channel handbag analogy is off in this case. Here is a better one.

I manufacture handbags and Channel come to me and ask me to make one style of handbag exclusively for them and then ship them to their approved vendors. I do this, but I also decide to sell some of the Channel handbags myself. It is illegal but this doesn't make the Channel handbags I am selling or being resold "fake". HTH
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 17, 2023, 01:47:40 AM
Lol you are just trolling as usual. You know you are wrong, but others may not understand what you are doing in terms of how you post. So for those people who you might be actually confusing, and for you (if you really believe what you are are writing), here is a clipwe just published which explains. Check it out.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 17, 2023, 02:07:51 AM
Quote from: gib on July 17, 2023, 01:47:40 AM
Lol you are just trolling as usual. You know you are wrong, but others may not understand what you are doing in terms of how you post. So for those people who you might be actually confusing, and for you (if you really believe what you are are writing, here is a clipwe just published which explains. Check it out.



I've already posted what I thought about Ripple, XRP and the "pump". The video is basically saying the same thing just in more detail.

Quote from: Flexacon on July 13, 2023, 10:18:41 PM
The ripple guys deserve to have the book thrown at them. As far as XRP goes it's maybe lost too much ground as a cryptocurrency and tradfi have been working on similar solutions. A shame as it might have been something special.

I think BTC was just lagging because the judgment in Ripple vs SEC was bullish only for alts. They were just making up some of the ground they lost. Normal service will resume with BTC leading.

My original post wasn't even directly about XRP or it's future. It was about tokenisation. It's you that's tried to make it about XRP after taking an L on the whole tokens being a security subject.

A token for trading is not automatically a security. This was the biggest argument for all ALTs being a security and it failed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 17, 2023, 03:31:39 AM
@Flex, selling unregistered shares is a felony. This has always been the case. And still is.

Its like guys to try to sell steroids calling them "research chems" or "pro-hormones". End of the day, laws will enforce on what they are, not what you call them.

Yes, there are exceptions to this rule. That has always been the case also. SEC Rule 144 lays out the conditions under which unregistered shares may be sold in cases such as these "tokens", almost none of which apply to most of the sales of XRP, or any other "tokens". For example, an exception exists if the seller is not associated with the company that issued the unregistered shares (and has not been associated with it for at least three months) and has owned the shares for more than one year, but very few "tokens" will have in reality traded in this manner.

The SEC is unlikely to go after individual sellers for now, but this does not make it "legal". Certainly, and an any case, just using commonsense, one would, for many obvious reasons, not want to be left "holding the bag" of illegally issued "tokens" as you call them (which is just a disguised term for what that are - illegal and unregistered securities). In the area of securities law, we apply a so-called "substance over form" test. In other words, a shit coin is a shit coin, not matter what you call it, and no matter how much lipstick you smear on the pig. :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 17, 2023, 03:30:28 PM
Quote from: gib on July 17, 2023, 03:31:39 AM

The SEC is unlikely to go after individual sellers for now, but this does not make it "legal". Certainly, and an any case, just using commonsense, one would, for many obvious reasons, not want to be left "holding the bag" of illegally issued "tokens" as you call them (which is just a disguised term for what that are - illegal and unregistered securities). In the area of securities law, we apply a so-called "substance over form" test. In other words, a shit coin is a shit coin, not matter what you call it, and no matter how much lipstick you smear on the pig. :)

You are missing an important distinction here and that's that I didn't call them a token. The court opinionated Judge in the Ripple vs SEC case did.

Also as I posted earlier it was the court opinionated Judge, not me that explicitly stated that tokens are separate and distinct from an investment contract, so on their own they are not securities.

You can argue we me until you are blue in face, I could even eventually agree with you, but the fact will still remain that were wrong. Maybe you should contact Gensler and offer him your expertise to get this overturned. Because unless that happens the fact will remain that you were wrong.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 17, 2023, 07:13:14 PM
Quote from: Mayday on July 15, 2023, 08:51:08 PM
Mmmmm 2,000 days of not being able to make an ATH. when the biggest pump hype argument it’s been waiting comes in it only bumps an extra +50%. Sorry but I’m not excited over that at all because it Got dumped from a 2,000 days downtrend which is not good news.

Every main coin is above its 2017 ATH meanwhile XRP is -77% down. There are no more court cases to win for XRP, it’s already not a security. An old coin now has to fight 60,000 other alt coins for money share and the one till it had has been used.

The one fly in the ointment for crypto is the crowd learned to head straight for new alts. All those NFTs of punks and monkey’s are trapped.
XRP is down because the SEC sued Ripple and this caused many exchanges to delist it. Believe what you want. XRP will probably go to $10 at some point.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 17, 2023, 07:17:12 PM
Quote from: ROBOAK on July 15, 2023, 10:34:31 PM
dont make me laugh , this is just more shit coin dick suck , that gay little list doesnt change the fact that ethereum can disappear over night with the push of a button and bit coin is invincible/immortal
Which button would that be? You sound very gay with your Bitcoin maxi-pad infatuation/adulation.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 17, 2023, 07:50:08 PM
Quote from: gib on July 16, 2023, 12:07:06 AM
Any small cap shitcoin can outperform BTC in the short term. That does not make shitcoins a good investment I have explained this earlier.  I could create a shit coin, and make one trade to a 3rd party, giving it a theoretical market cap of a Billion in a split second. So if you think shit coins are a good investment on this basis, then I have one to sell you... :)
Doge outperformed BTC by a huge margin over the last 5 years.

Doge was launched in December 2013 and for 97% of Doge's existence, it outperformed Bitcoin. 112 months out of 115 months.

Bitcoin was created in January 2009, which makes it a little over 14.5 years old. So for about 9.33 years out of 14.5 years of Bitcoin's existence, Doge outperformed it. Doge outperformed Bitcoin for around 64.36% of Bitcoin's existence.

That's your price history right there.

So is it a shitcoin? It's still around in 2023.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 17, 2023, 07:52:57 PM
Quote from: gib on July 16, 2023, 12:07:06 AM
Any small cap shitcoin can outperform BTC in the short term. That does not make shitcoins a good investment I have explained this earlier.  I could create a shit coin, and make one trade to a 3rd party, giving it a theoretical market cap of a Billion in a split second. So if you think shit coins are a good investment on this basis, then I have one to sell you... :)
Then go ahead and do it if it's so easy. What are you waiting for?!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 17, 2023, 08:02:38 PM
Quote from: gib on July 17, 2023, 01:47:40 AM
Lol you are just trolling as usual. You know you are wrong, but others may not understand what you are doing in terms of how you post. So for those people who you might be actually confusing, and for you (if you really believe what you are are writing), here is a clipwe just published which explains. Check it out.


That's an echo chamber channel - Simply Bitcoin and the douche is wearing a Bitcoin hat. That's a maxi-pad channel lol!

Ever noticed how BTC maxis shit on all other projects? Michael Saylor is a complete dick. He's got a stack of BTC and is constantly trying to pump his "investment" while deriding all other projects. And he also makes a lot of BS statements like Bitcoin is a completed project and never changes. What was the taproot upgrade then which accidentally unlocked the "ordinals" exploit? Now they are acting like it is a bonus while it slows Bitcoin down to a halt sometimes.

Bitcoin has developers just like Ethereum does, only less. They are human and can screw up like any developer. Saylor acts like Bitcoin stands completely clear from an outside intervention like one of the 4 fundamental forces in the Universe. That's incorrect.

https://coinmarketcap.com/alexandria/article/who-are-bitcoin-cores-developers
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 18, 2023, 12:28:29 PM
Quote from: obsidian on July 17, 2023, 08:02:38 PM

Ever noticed how BTC maxis shit on all other projects?  What was the taproot upgrade then which accidentally unlocked the "ordinals" exploit? Now they are acting like it is a bonus while it slows Bitcoin down to a halt sometimes.

Bitcoin has developers just like Ethereum does, only less. They are human and can screw up like any developer. Saylor acts like Bitcoin stands completely clear from an outside intervention like one of the 4 fundamental forces in the Universe. That's incorrect.


"Projects" - lol. Almost every single one of these "projects" are very obvious affinity scams designed to trick you to passing your Bitcoin to "project founders" who then give you a shitcoin, take your Bitcoin, and then dissappear, maybe to do it all over again. (I know some shitcoin founders who are on their 3rd shitcoin scams - all are multi millionaires, one is a billionaire - its not not for me. If you only know how they laughed at you guys when we are out on their yachts etc. It makes me feel sick to my stomach. And I am not joking- this is 100% legit. I could have been part of it, but its not something I feel comfortable with. But I know how it works. I have been in countless hours of alcohol and cocaine fueled shitcoin launch discussions with these guys. I won't mention the specific coins here, but most would be quite well known (as in top 200 shitcoins). One guy actually raised 4 Billion USD (and quietly settled with the SEC). (Let's see if anyone can guess what the coin is).
 
We have discussed ordinals before. Not sure what your point is. The BTC blockchain always had some space for data to be stored. How that will be used is market driven.

Huge difference between a controlled and centralized blockchain (eg eth), which any any point the masters can screw you, and BTC (proof of work - everyone is equal).

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on July 18, 2023, 08:26:18 PM
Quote from: obsidian on July 17, 2023, 07:13:14 PM
XRP is down because the SEC sued Ripple and this caused many exchanges to delist it. Believe what you want. XRP will probably go to $10 at some point.

Who knows what price it goes to in the future, but you do not want to become exit liquidity.

Ripple have been dumping on XRP on holders since inception, and they are likely selling hard into this XRP pump so they can pay the SEC fine.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 18, 2023, 11:14:34 PM
Quote from: Flexacon on July 18, 2023, 08:26:18 PM
Who knows what price it goes to in the future, but you do not want to become exit liquidity.

Ripple have been dumping on XRP on holders since inception, and they are likely selling hard into this XRP pump so they can pay the SEC fine.

Agree.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 19, 2023, 03:12:14 AM
"...but not all shitcoins are scams..."

Good discussion here:

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 20, 2023, 11:42:42 PM
Quote from: gib on July 19, 2023, 03:12:14 AM
"...but not all shitcoins are scams..."

Good discussion here:

It’s all scams.

At least Bitcoin is open enough to say hey just buy and hold for as long as you can and perhaps it’s worth more.

What crypto is legit used for anything in 2023?

We had 6,000 alts in 2017. We have 50,000 of the fuckers now. Literally and entire segment of alts is based on memes where the act of buying one is actually a pisstake.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ROBOAK on July 20, 2023, 11:49:35 PM
Quote from: Mayday on July 20, 2023, 11:42:42 PM
It’s all scams.

At least Bitcoin is open enough to say hey just buy and hold for as long as you can and perhaps it’s worth more.

What crypto is legit used for anything in 2023?

We had 6,000 alts in 2017. We have 50,000 of the fuckers now. Literally and entire segment of alts is based on memes where the act of buying one is actually a pisstake.

drugs,prostitution,laundering
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: blackpele on July 27, 2023, 02:08:36 PM
Quote from: obsidian on July 17, 2023, 08:02:38 PM
That's an echo chamber channel - Simply Bitcoin and the douche is wearing a Bitcoin hat. That's a maxi-pad channel lol!

Ever noticed how BTC maxis shit on all other projects? Michael Saylor is a complete dick. He's got a stack of BTC and is constantly trying to pump his "investment" while deriding all other projects. And he also makes a lot of BS statements like Bitcoin is a completed project and never changes. What was the taproot upgrade then which accidentally unlocked the "ordinals" exploit? Now they are acting like it is a bonus while it slows Bitcoin down to a halt sometimes.

Bitcoin has developers just like Ethereum does, only less. They are human and can screw up like any developer. Saylor acts like Bitcoin stands completely clear from an outside intervention like one of the 4 fundamental forces in the Universe. That's incorrect.

https://coinmarketcap.com/alexandria/article/who-are-bitcoin-cores-developers

Even though I really like the project (BTC), the whole community is a unbearable. I hope in the future this changes and the only way I see this happening is by liquidating guys like Saylor, so it has to go below $10k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 27, 2023, 04:13:40 PM
Quote from: blackpele on July 27, 2023, 02:08:36 PM
Even though I really like the project (BTC), the whole community is a unbearable. I hope in the future this changes and the only way I see this happening is by liquidating guys like Saylor, so it has to go below $10k.

Microstrategy will sell some of their holdings in 2025. It’ll be the CEO who breaks the news so Saylor doesn’t look 2 faced.

Just like how Tesla wasn’t going to sell and then they sold.

Blackrock ETF gets approved. Grayscale doesn’t and then 600,000 coins becomes a heavy weight as people move to Blackrock.

Remember how Gold is price suppressed for decades….. 👀 remember how we had the largest inflationary period of our young generation and gold did +9% from prior ATH….. 👀  gee I wonder how Bitcoin could have it’s price suppressed long term…. 👀

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on July 27, 2023, 04:36:51 PM
Quote from: Mayday on July 20, 2023, 11:42:42 PM
It’s all scams.

At least Bitcoin is open enough to say hey just buy and hold for as long as you can and perhaps it’s worth more.

What crypto is legit used for anything in 2023?

We had 6,000 alts in 2017. We have 50,000 of the fuckers now. Literally and entire segment of alts is based on memes where the act of buying one is actually a pisstake.

Not sure Mayday.

Chainlink is in fact working with SWIFT and it does connect everything blockchain related, does it not?

I think that one shows promise. The others I'm not too sure.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 27, 2023, 09:58:05 PM
Quote from: OneMoreRep on July 27, 2023, 04:36:51 PM
Not sure Mayday.

Chainlink is in fact working with SWIFT and it does connect everything blockchain related, does it not?

I think that one shows promise. The others I'm not too sure.

"1"

It’s the realist in me which makes me sound pessimistic vs normal folks.

I’ll preface this with I like the idea of Chainlink. I had this earmarked to buy if we take a BTC pullback.

Not including ETH and BTC but includes stables.
2017 a handful of alts worth 232B
2021 6,500 alts worth 960B
2023 60,000 alts worth 350B….. 👀  market diluted 10x at 36% of its prior peak value
2025 600,000? Alts worth 1.5T?

today the diluted value is 4% of 2021 and if the above plays for 2025 then liquidity halves from here.

The sad reality is the Adoption of alt coins is not outpacing saturation which leads to illiquidity.

I encourage the moon talk on social media because it’s in my favour and I’ll be dumping on those people. I’m not about to lie to people on here though.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 27, 2023, 10:44:14 PM
Quote from: Mayday on July 27, 2023, 09:58:05 PM

The sad reality is the Adoption of alt coins is not outpacing saturation which leads to illiquidity.


I came to this conclusion right at the outset of my Bitcoin adoption journey. Which is why I have always pushed the maxi approach. United we can all thrive. Divided and diluted we fall.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on July 29, 2023, 12:57:20 AM
Brilliant  👏

https://twitter.com/VandelayBTC/status/1685074574570897408?s=20
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 29, 2023, 02:04:19 AM
Quote from: Theoak* on July 29, 2023, 12:57:20 AM
Brilliant  👏

https://twitter.com/VandelayBTC/status/1685074574570897408?s=20

Reqlvision have gone full scammers now. They’ve launched multiple NFTs which are useless pieces of shit jpegs.

Buy BTC, ETH, DOGE and call it a day.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on August 29, 2023, 09:33:41 AM
G B T C $$$

https://grayscale.com/wp-content/uploads/2023/08/GBTC-Decision-829.pdf?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on August 29, 2023, 09:56:30 AM
Quote from: gib on August 29, 2023, 09:33:41 AM
G B T C $$$

https://grayscale.com/wp-content/uploads/2023/08/GBTC-Decision-829.pdf?

Hell yeah!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 30, 2023, 02:18:17 AM
Quote from: gib on August 29, 2023, 09:56:30 AM
Hell yeah!

This was overturning the decision that the ETF would not be considered. Now, the SEC will consider it and then reject it…..

Grayscale isn’t on the cards to be approved. Blackrock is. Grayscale will bleed out for a decade which will keep price suppressed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on August 30, 2023, 10:42:53 AM
My bet is that the SEC will not appeal. That then opens the way for GBTC to convert to an ETF at the same time as Blockrock and others get approved. And all this probably before the halving. If so, buckle up and enjoy the ride!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 30, 2023, 04:37:03 PM
Quote from: gib on August 30, 2023, 10:42:53 AM
My bet is that the SEC will not appeal. That then opens the way for GBTC to convert to an ETF at the same time as Blockrock and others get approved. And all this probably before the halving. If so, buckle up and enjoy the ride!

They don’t have to appeal.

It opens to door to SEC officially rejecting the application….. again…..

History tells us this:
Blackrock have a 99.8% approval rate for ETF.
Grayscale have a 100% REJECTED rate for Bitcoin ETF

If it was me I’d approve Blackrock first then reject Grayscale straight after. The bleed out from Grayscale will be enormous over the following 12 months as customers switch to the ETF with no lock in period and lower fees.

If it plays out like this the run up will be awesome followed by a massive capitulation and huge dump.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on September 12, 2023, 02:39:14 PM
Quote from: obsidian on July 17, 2023, 07:13:14 PM
XRP is down because the SEC sued Ripple and this caused many exchanges to delist it. Believe what you want. XRP will probably go to $10 at some point.

XRP dumped -76% after winning the SEC case. That continues to be an absolutely brutal trendline.

So many fuckers trapped, nobody running through the doors to buy it. The same as almost every other alt coin who had a run up in 2021.

This next cycle will be a whimper and older coins like this will merely bleed out.

The only hope for a big return in the next few years is basically buy some stupid piece of shit frog coin lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on September 12, 2023, 07:17:54 PM
Quote from: Mayday on September 12, 2023, 02:39:14 PM
XRP dumped -76% after winning the SEC case. That continues to be an absolutely brutal trendline.

So many fuckers trapped, nobody running through the doors to buy it. The same as almost every other alt coin who had a run up in 2021.

This next cycle will be a whimper and older coins like this will merely bleed out.

The only hope for a big return in the next few years is basically buy some stupid piece of shit frog coin lol.
How are you calculating that? Looking at the chart, it dropped about 42.68%

https://www.calculatorsoup.com/calculators/algebra/percentage-decrease-calculator.php
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on September 12, 2023, 07:24:38 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on September 14, 2023, 04:28:12 PM
Quote from: obsidian on September 12, 2023, 07:17:54 PM
How are you calculating that? Looking at the chart, it dropped about 42.68%

https://www.calculatorsoup.com/calculators/algebra/percentage-decrease-calculator.php

Wick to wick from 2021 peak.

Wick to wick from the recent peak is a -58% dump. That’s -58% after winning the biggest and years long law suit with the SEC.

It did nothing different to DOGE since the bottom.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on September 14, 2023, 04:31:42 PM
Quote from: Mayday on September 14, 2023, 04:28:12 PM
Wick to wick from 2021 peak.

Wick to wick from the recent peak is a -58% dump. That’s -58% after winning the biggest and years long law suit with the SEC.

It did nothing different to DOGE since the bottom.
You said it dropped -76% after winning the SEC case. The way I read that is you are saying since winning the case a few months ago it dropped 76%. But it dropped around 42%.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on September 14, 2023, 10:28:40 PM
XRP (or rather Ripple, who issued illegal securities in the form of XRP "tokens") didn't win any case against the SEC. The case is still running. However, there was one part of the judgement which many people without legal knowledge interpreted as being positive for the legitimacy (or non-illegality) of trading illegally issued securities. That part of the judgement was very obviously wrong, and the SEC will appeal, and obviously will win on that point.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on September 15, 2023, 12:53:00 PM
Quote from: obsidian on September 14, 2023, 04:31:42 PM
You said it dropped -76% after winning the SEC case. The way I read that is you are saying since winning the case a few months ago it dropped 76%. But it dropped around 42%.

I did. A poor error when I grabbed the wrong wick on my tiny iPhone screen.

The wick to wick dump post SEC is -58% on Kraken.

It did nothing different to DOGE but maxis with blinkers on can’t see that. And gib is right, it wasn’t a win for everything but only 1 part.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on September 15, 2023, 03:25:57 PM
Quote from: gib on September 14, 2023, 10:28:40 PM
XRP (or rather Ripple, who issued illegal securities in the form of XRP "tokens") didn't win any case against the SEC. The case is still running. However, there was one part of the judgement which many people without legal knowledge interpreted as being positive for the legitimacy (or non-illegality) of trading illegally issued securities. That part of the judgement was very obviously wrong, and the SEC will appeal, and obviously will win on that point.
It was a partial win for Ripple according to many sources. Here's what Judge Torres said:

"Torres ruled that Ripple's XRP sales on public cryptocurrency exchanges were not offers of securities under the law, because purchasers did not have a reasonable expectation of profit tied to Ripple's efforts.

Those sales were "blind bid/ask transactions," she said, in which buyers "could not have known if their payments of money went to Ripple, or any other seller of XRP."

The SEC appealed. We'll see what happens. Ripple can also appeal. btw.

Ripple Labs notches landmark win in SEC case over XRP cryptocurrency
https://www.reuters.com/legal/us-judge-says-sec-lawsuit-vs-ripple-labs-can-proceed-trial-some-claims-2023-07-13/

Gib, Bitcoin Maxis are their own worse enemies. All crypto projects need to stand together against the tyranny of governments. When has the SEC ever protected investors? Why are Bitcoin Maxis championing the SEC? Are they too dumb to realize governments will be coming after Bitcoin also if they succeed in suppressing alts?

Don't be divided and conquered! I want to see all crypto projects succeed, including Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on September 15, 2023, 11:28:41 PM
I hold 1400 SOL in a hard wallet ledger.
I hope to be a millionaire one day.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on September 17, 2023, 04:11:17 AM
Quote from: obsidian on September 15, 2023, 03:25:57 PM
It was a partial win for Ripple according to many sources. Here's what Judge Torres said:

"Torres ruled that Ripple's XRP sales on public cryptocurrency exchanges were not offers of securities under the law, because purchasers did not have a reasonable expectation of profit tied to Ripple's efforts.

Those sales were "blind bid/ask transactions," she said, in which buyers "could not have known if their payments of money went to Ripple, or any other seller of XRP."

The SEC appealed. We'll see what happens. Ripple can also appeal. btw.

Ripple Labs notches landmark win in SEC case over XRP cryptocurrency
https://www.reuters.com/legal/us-judge-says-sec-lawsuit-vs-ripple-labs-can-proceed-trial-some-claims-2023-07-13/

Gib, Bitcoin Maxis are their own worse enemies. All crypto projects need to stand together against the tyranny of governments. When has the SEC ever protected investors? Why are Bitcoin Maxis championing the SEC? Are they too dumb to realize governments will be coming after Bitcoin also if they succeed in suppressing alts?

Don't be divided and conquered! I want to see all crypto projects succeed, including Bitcoin.

Correct.

But they are the equivalent of religious fundamentalists and attempting to debate with them is a waste of time.

They fail to understand basic human psychology and how a free market functions.

In their minds only one cryptocurrency can exist in a market which has zero competition, alternatives, choices or different uses for consumers.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on September 17, 2023, 11:06:25 AM
Quote from: gib on September 14, 2023, 10:28:40 PM
XRP (or rather Ripple, who issued illegal securities in the form of XRP "tokens") didn't win any case against the SEC. The case is still running. However, there was one part of the judgement which many people without legal knowledge interpreted as being positive for the legitimacy (or non-illegality) of trading illegally issued securities. That part of the judgement was very obviously wrong, and the SEC will appeal, and obviously will win on that point.

Swallow the L brother Gib. Best not to say anything until it get overturned. (I agree with you btw, but from my own trading point of view I'd rather see the judgment stand)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on September 18, 2023, 09:00:39 AM
Great clip here:

i=Vb0006d2P863JfL9
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on September 20, 2023, 06:01:58 AM

Anyway…..

Here is where I’m at for some narrowed down peak BTC price periods

April 2024
Mid-late 2027
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on September 20, 2023, 06:17:46 AM
Quote from: gib on September 18, 2023, 09:00:39 AM
Great clip here:

i=Vb0006d2P863JfL9

Yep, great clip, this tard who leveraged up his company to buy BTC at 50k and is down 2 billion at the moment must be in the know... ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on September 21, 2023, 01:19:22 AM
Quote from: affeman on September 20, 2023, 06:17:46 AM
Yep, great clip, this tard who leveraged up his company to buy BTC at 50k and is down 2 billion at the moment must be in the know... ;D
Saylor is looking more and more haggard as time goes on. Dude must be drinking himself into a stupor every night!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mohammed Omari on September 21, 2023, 01:31:44 AM
Just lol at all you dorkus malorkuses floundering around in a panic about your imaginary coins and how to launder money, etc. Ask me how much money I made last year through spice trading. I dare you.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on September 29, 2023, 02:52:51 PM
https://cryptobriefing.com/sec-rushes-ethereum-futures-etf-approvals-before-government-shutdown/

SEC Rushes Ethereum Futures ETF Approvals Before Government Shutdown

Ethereum futures ETFs to launch next week amid SEC rush.

The Securities and Exchange Commission (SEC) is rushing to approve Ethereum products before the government shutdown on October 1st, according to Bloomberg ETF expert Eric Balchunas. Valkyrie, VanEck, ProShares, Bitwise, Hashdex, and Volatility Shares all expect to begin trading their Ether futures ETFs on Monday.

Today, Valkyrie’s chief investment officer Steven McClurg told Reuters that the investment manager obtained SEC approval to convert its existing Bitcoin futures fund into an ETF investing in both Bitcoin and Ethereum futures. The renamed Valkyrie Bitcoin and Ether Strategy ETF (BTF) will start trading on the NYSE on October 2.

McClurg said that rival asset managers VanEck and ProShares have also received approval from the SEC to list their Ether futures ETFs.

VanEck filed for the VanEck Ethereum Strategy ETF (EFUT), which will be the first active ETH futures ETF with the lowest expense ratio of 0.6%.

Rivals ProShares and Bitwise have also announced filings for three and two Ethereum ETFs respectively, pending SEC approval.

Additionally, Hashdex and Volatility Shares ETFs linked to Ethereum futures are also slated to begin trading on Monday, according to Bloomberg analyst James Seyffart. Hashdex partnered with Kelly ETFs on an Ether ETF called EX, while Volatility Shares’ ETHU will charge the highest fee at 1.1%.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 03, 2023, 11:51:39 PM
Quote from: gib on September 14, 2023, 10:28:40 PM
XRP (or rather Ripple, who issued illegal securities in the form of XRP "tokens") didn't win any case against the SEC. The case is still running. However, there was one part of the judgement which many people without legal knowledge interpreted as being positive for the legitimacy (or non-illegality) of trading illegally issued securities. That part of the judgement was very obviously wrong, and the SEC will appeal, and obviously will win on that point.

Sorry bro. The motion by the SEC for an interlocutory appeal has been DENIED

Add to that ETH futures ETFs are now live, so very unlikely that ETH gets declared a security. Multiple Ls...

(https://media.tenor.com/4-BgyknxylcAAAAd/eatloss-loss.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 04, 2023, 10:19:00 AM
Quote from: gib on September 14, 2023, 10:28:40 PM
XRP (or rather Ripple, who issued illegal securities in the form of XRP "tokens") didn't win any case against the SEC. The case is still running. However, there was one part of the judgement which many people without legal knowledge interpreted as being positive for the legitimacy (or non-illegality) of trading illegally issued securities. That part of the judgement was very obviously wrong, and the SEC will appeal, and obviously will win on that point.
Now it is official! What do you say?!

https://www.reuters.com/legal/us-sec-cannot-appeal-ripple-labs-decision-judge-rules-2023-10-04/

US SEC cannot appeal Ripple Labs decision, judge rules

NEW YORK, Oct 3 (Reuters) - A federal judge on Tuesday refused to let the U.S. Securities and Exchange Commission appeal her recent decision involving Ripple Labs, a ruling that has been seen as a major defeat for the regulator in its effort to police cryptocurrency markets.

In her July 13 decision, U.S. District Judge Analisa Torres in Manhattan had ruled that the sale of Ripple's XRP digital token on public exchanges complied with federal securities laws because purchasers had no reasonable expectation of profit based on Ripple's efforts.

The SEC had sought permission to appeal Torres' findings about "programmatic" sales of XRP and about "other distributions" of XRP as a means of payment for services, saying an appeal would be important to a "large number" of lawsuits.

But the judge found no "substantial ground for difference of opinion" about her findings, and did not agree that an appeal would materially advance the case toward a conclusion.

She also said her decision did not conflict with a July 31 ruling by U.S. District Judge Jed Rakoff in Manhattan, who said the SEC had a "plausible claim" that Terraform Labs' Terra USD token was a security when sold on public exchanges.

Torres said Rakoff had been considering Terraform's motion to dismiss the SEC case, and was required to accept all reasonable inferences in the regulator's favor.

A trial in the Ripple case is scheduled for April 23, 2024.

The SEC did not immediately respond to requests for comment after market hours. Lawyers for Ripple, Chief Executive Brad Garlinghouse and co-founder Chris Larsen did not immediately respond to similar requests.

In its December 2020 lawsuit, the SEC accused Ripple of illegally raising more than $1.3 billion in an unregistered securities offering by selling XRP.

The SEC has long claimed that many digital assets are securities, as are stocks and bonds, and that it has power to regulate them.

Its other lawsuits include cases against Binance, the world's largest cryptocurrency platform, and Coinbase (COIN.O), the largest U.S. cryptocurrency platform.

Torres had found in July that only some XRP sales violated federal securities laws.

The case is SEC v Ripple Labs Inc et al, U.S. District Court, Southern District of New York, No. 20-10832.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 04, 2023, 11:02:31 AM
Quote from: obsidian on October 04, 2023, 10:19:00 AM
Now it is official! What do you say?!

https://www.reuters.com/legal/us-sec-cannot-appeal-ripple-labs-decision-judge-rules-2023-10-04/

US SEC cannot appeal Ripple Labs decision, judge rules



The decision was a huge FU to the SEC. They basically got slapped down and told to shut up, but they can still appeal once the case starts.

You still don't want to be buying XRP
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 04, 2023, 11:04:54 AM
Quote from: Flexacon on October 04, 2023, 11:02:31 AM
The decision was a huge FU to the SEC. They basically got slapped down and told to shut up, but they can still appeal once the case starts.

You still don't want to be buying XRP
I acquired XRP back in 2017-2018. Never sold it. Just going to leave it. If it goes to $8-10 I'll cash some of it.

Solana looks interesting now. It survived FTX, and VISA has added support for Solana, in addition to Ethereum.

https://www.thestreet.com/crypto/markets/visa-makes-history-with-solana-blockchain-integration
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 06, 2023, 12:10:30 AM
Quote from: obsidian on October 04, 2023, 11:04:54 AM
I acquired XRP back in 2017-2018. Never sold it. Just going to leave it. If it goes to $8-10 I'll cash some of it.

Solana looks interesting now. It survived FTX, and VISA has added support for Solana, in addition to Ethereum.

https://www.thestreet.com/crypto/markets/visa-makes-history-with-solana-blockchain-integration

There are 9.1M SOL coins that have been unlocked from the FTX estate that need to be sold. Ideally it all gets sold in the bear market and nukes SOL under $5 or something, but who knows when or how they plan on selling. It is a good all or nothing speculative buy though and I've been surprised how much work the devs have been doing on it since the FTX cascade.


Also don't forget it was classed as an unregistered security by the SEC. Can you still buy and sell it without issue?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 06, 2023, 03:24:46 PM
Quote from: Flexacon on October 06, 2023, 12:10:30 AM
There are 9.1M SOL coins that have been unlocked from the FTX estate that need to be sold. Ideally it all gets sold in the bear market and nukes SOL under $5 or something, but who knows when or how they plan on selling. It is a good all or nothing speculative buy though and I've been surprised how much work the devs have been doing on it since the FTX cascade.


Also don't forget it was classed as an unregistered security by the SEC. Can you still buy and sell it without issue?
Yes I agree. FTX will have to unload.

Solana ATH = $259.63
Solana 10/6/2023 = $23.61

Solana has already dropped 90.9 % from ATH. It has been resilient though and has a thriving community, many developers, and institutional interest.

But it has the cloud of FTX hanging over it and the numerous shutdowns in the past few years. It also shut down once in 2023.

Some reckon it might be worth getting into because it has dropped so much already. How much lower can it go? I personally don't have any SOL. But, smaller market cap coins can move much more than assets like Bitcoin.

Doge ATH = $0.753
Doge 10/6/2023 = $0.0615

Doge has dropped even more than Solana - 91.8327%. I should have sold it a few hours before Elon's SNL appearance. Lesson learned. In the future, I am going to dump it if it goes back to ATH. Fuck diamond hands - lol! But, my Doge is house money. Still pissed, I had a profit over $100k. I didn't want to pay taxes which fucked my reasoning.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on October 11, 2023, 10:25:49 AM
Ether Could Hit $8K by End of 2026: Standard Chartered

Emerging uses for the Ethereum network in gaming and tokenization are among the drivers of what could be a 5X gain in ether's price over the next three years, said the bank.

The price of ether (ETH) has the potential to reach $8,000 by the end of 2026 versus its current level just below $1,,600, writes Geoff Kendrick, Head of FX Research, West, and Digital Assets Research at Standard Chartered Bank.

While Ethereum's dominant uses currently are non-fungible tokens (NFTs) and decentralized finance (DeFi), said Kendrick, an evolution towards gaming and tokenization should add "significant demand."

"Importantly, this should provide ‘proof of concept’ examples in which real-world industries come on-chain to exploit the benefits of Ethereum over their existing setups," he added. "We expect significant developments on these fronts by 2025-26."

In the shorter term, said Kendrick, the bitcoin (BTC) halving in April 2024 "should help lift all boats," and he sees ether hitting $4,000 by the end of next year.

Looking even longer into the future, Kendrick sees the $8,000 level as "a stepping stone" to the bank's "structural" valuation estimate of $26,000-$35,000.

https://www.coindesk.com/markets/2023/10/11/ether-could-hit-8k-by-end-of-2026-standard-chartered/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 11, 2023, 10:57:26 PM
Quote from: Griffith on October 11, 2023, 10:25:49 AM
Ether Could Hit $8K by End of 2026: Standard Chartered

Emerging uses for the Ethereum network in gaming and tokenization are among the drivers of what could be a 5X gain in ether's price over the next three years, said the bank.

The price of ether (ETH) has the potential to reach $8,000 by the end of 2026 versus its current level just below $1,,600, writes Geoff Kendrick, Head of FX Research, West, and Digital Assets Research at Standard Chartered Bank.

While Ethereum's dominant uses currently are non-fungible tokens (NFTs) and decentralized finance (DeFi), said Kendrick, an evolution towards gaming and tokenization should add "significant demand."

"Importantly, this should provide ‘proof of concept’ examples in which real-world industries come on-chain to exploit the benefits of Ethereum over their existing setups," he added. "We expect significant developments on these fronts by 2025-26."

In the shorter term, said Kendrick, the bitcoin (BTC) halving in April 2024 "should help lift all boats," and he sees ether hitting $4,000 by the end of next year.

Looking even longer into the future, Kendrick sees the $8,000 level as "a stepping stone" to the bank's "structural" valuation estimate of $26,000-$35,000.

https://www.coindesk.com/markets/2023/10/11/ether-could-hit-8k-by-end-of-2026-standard-chartered/
BTC LATE 2017 ATH: +/- $19,500
BTC LATE 2021 ATH: +/- $68,700
68,700 / 19,500 = 3.52

ETH EARLY 2018 ATH: +/- $1,350
ETH LATE 2021 ATH: +/- $4,896
4,896 / 1,350 = 3.62

Both BTC and ETH had a +/- 3.5x increase between bull market tops. If we assume another 3.5x move for BTC and 3.62 move for ETH from the last top we get:

BTC LATE 2025 ATH: +/- $240,450
ETH LATE 2025 ATH: +/- $17,700

I personally would like to see ETH @ $20,000, or 1/12 of BTC. This would place ETH at +/- BTC's ATH price in 2017. Many thought ETH would have reached that price in 2021/2022, placing ETH one cycle behind BTC. I know it's not that simple. BTC and ETH have different supplies, and there are many other factors affecting the market caps.

In a bull market, ETH will burn at a much faster rate, which could push the price even higher.

There's also the issue of diminishing returns. And the uncertainty of the dollar, legislation, wars, etc.

BTC went 20x from the 2014 to 2017 ATH tops. And ETH did a 1350X from 2015 to 2018 - lol!

These numbers I posted could all be bullshit. Who knows what it's going to do - haha! What if the USA declares owning crypto illegal as they did with Gold during the Great Depression? They offer a buyout. Then once they have horded most of the crypto, they allow the public to get back into it. This all happened before with Gold.

https://en.wikipedia.org/wiki/Executive_Order_6102

Executive Order 6102 is an executive order signed on April 5, 1933, by US President Franklin D. Roosevelt "forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States." The executive order was made under the authority of the Trading with the Enemy Act of 1917, as amended by the Emergency Banking Act in March 1933.

The limitation on gold ownership in the United States was repealed after President Gerald Ford signed a bill legalizing private ownership of gold coins, bars, and certificates by an Act of Congress, codified in Pub. L.Tooltip Public Law (United States) 93–373,[1] which went into effect December 31, 1974.

Rationale

The stated reason for the order was that hard times had caused "hoarding" of gold, stalling economic growth and worsening the depression as the US was then using the gold standard for its currency.[2][3]
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 11, 2023, 11:11:01 PM
https://dailyhodl.com/2023/07/29/ethereum-could-explode-by-up-to-1556-in-an-ai-powered-economy-says-arthur-hayes-heres-the-timeline/

Ethereum Could Explode by Up to 1,556% in an AI-Powered Economy, Says Arthur Hayes – Here’s the Timeline

BitMEX co-founder Arthur Hayes says the price of Ethereum (ETH) stands to benefit immensely from artificial intelligence (AI) technology.

Painting a scenario where AI applications create decentralized autonomous organizations (DAOs) in order to execute smart contracts, Hayes says in a new blog post that Ethereum is the logical base of such a scenario since it is the most widely used decentralized virtual machine.

According to Hayes, the tokens issued by the AI DAOs will trade on decentralized exchanges (DEXs), and mostly those built on top of Ethereum.

“A DEX is naturally suited to support the trading of any type of equity, debt, utility, participation, etc. token issued by an AI-powered DAO…

DAOs will fundraise and issue tokens on-chain. A plethora of new DAO tokens will trade on DEXs.

As DAOs capture more economic value than companies, DEXs will trade more than traditional CEXs.

I believe the largest driver of on-chain activity will be an explosion of trading volume on DEXs hosted on Ethereum.”

(https://dailyhodl.com/wp-content/uploads/2023/07/AI-DAOs.png)

The BitMEX founder says that if the above scenario plays out as he envisions, Ethereum could run up to 1,556%, from its current price of $1,875 to hit $31,063 if the DEX trading volumes were to reach 20% of traditional stock exchange volumes recorded in 2022.

Hayes says Ethereum could reach a five-figure price about half a decade from now.

“Given the market is forward-looking, I want to guestimate the percentage that will be reached 5 years into the future. I am not concerned about getting this number exactly right. I want to be directionally correct and profit as the narrative shifts from “won’t happen” to “might happen”.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 12, 2023, 03:18:46 AM
Bullish Price predications in this market  when ethereum has so little activity going on that it's become inflationary  ???

I'm giving it 6 to 8 weeks with ETH maybe hitting 1200 or lower, ALTs breaking down further then I'll start buying some lottery tickets for the next bull run.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 12, 2023, 06:00:38 AM
Its actually BTC which will do well in an AI world. BTC will be the base layer, and bots and AI systems will use sats as a protocol on layers above BTC, with BTC being the core global store of value in the digital world.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 12, 2023, 11:51:26 AM
Quote from: Flexacon on October 12, 2023, 03:18:46 AM
Bullish Price predications in this market  when ethereum has so little activity going on that it's become inflationary  ???

I'm giving it 6 to 8 weeks with ETH maybe hitting 1200 or lower, ALTs breaking down further then I'll start buying some lottery tickets for the next bull run.
Should you buy when nobody is talking about it or when everyone is talking about it? Kind of like the saying buy when it is red and sell when it is green. Kennedy sold his stock and avoided the stock market crash when the shoeshine boy told him to buy Hindenburg stock.

https://www.4investors.eu/post/the-shoeshine-boy-indicator

Looking at the headlines, there's FUD from JP Morgan about Ethereum. Every other YouTube channel is talking about Bitcoin this, Bitcoin that. And even then ETH is holding above $1,500. BTC also has the halving and Spot ETF narrative giving it a push. It's got a bigger market cap though. Smaller cryptos will pump more in a bull market. ETH will likely outperform BTC and Solana will likely outperform ETH. Don't forget Doge, SHIBA and some of the other smaller market caps. Yes, they will dump hard, but they will rise fast also.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 12, 2023, 01:27:26 PM
Quote from: obsidian on October 11, 2023, 11:11:01 PM
https://dailyhodl.com/2023/07/29/ethereum-could-explode-by-up-to-1556-in-an-ai-powered-economy-says-arthur-hayes-heres-the-timeline/

Ethereum Could Explode by Up to 1,556% in an AI-Powered Economy, Says Arthur Hayes – Here’s the Timeline

“Given the market is forward-looking, I want to guestimate the percentage that will be reached 5 years into the future. I am not concerned about getting this number exactly right. I want to be directionally correct and profit as the narrative shifts from “won’t happen” to “might happen”.

Ahhh yes, the guy who used to run the stops of his customers on his exchange.

Inside 6yrs most will be nuked in crypto.

I would support the idea of a decade long rally on BTC 2030-2040. Before then, no way because we are in an upward rates cycle which is bad for metals.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 12, 2023, 01:47:28 PM
Quote from: gib on October 12, 2023, 06:00:38 AM
Its actually BTC which will do well in an AI world. BTC will be the base layer, and bots and AI systems will use sats as a protocol on layers above BTC, with BTC being the core global store of value in the digital world.
Well Bitcoin better get some quality developers onboard. It's lagging behind Ethereum and Solana. It takes a lot of developers to make that happen, and it is way behind.

https://www.coindesk.com/tech/2023/10/11/bitcoin-might-get-ethereum-style-smart-contracts-under-bitvm-plan/

BitVM's limitations

Linus' proposal triggered a slew of responses on X, with commentators quick to point out BitVM's limitations.

Pseudonymous bitcoin writer Shinobi pointed out that the cost of off-chain data management is "massive," adding that the protocol only involving two parties - the prover and the verifier - is also a "big limitation."

Bob Bodily, CEO of Ordinals marketplace Bioniq, wrote in a post on X that BitVM is "like a very early limited version of the Ethereum Virtual Machine (EVM)."

"BitVM is an amazing breakthrough because while there are many gaping holes right now in the BitVM, they are mostly solvable," he said. "Over the next few months I expect many of these holes to get filled in, at which point we will have more capable Bitcoin script without a Bitcoin upgrade."
Bitcoin Smart Contracts

Attempts to implement smart contract capabilities in the Bitcoin network are of course not new. For some time, Bitcoin developers have been attempting to find ways round the network's limitations due to its simpler scripting language compared to blockchains like Ethereum or Solana.

Regarding Bitcoin's L2:

https://www.coindesk.com/tech/2020/02/20/bitcoins-lightning-network-is-growing-increasingly-centralized-researchers-find/

Bitcoin's Lightning Network Is Growing 'Increasingly Centralized,' Researchers Find
Bitcoin's lightning network is growing "increasingly centralized," making it more susceptible to attacks, asserts a new paper by security researchers.

(https://contenthub-static.crypto.com/cdn-cgi/image/width=1200,quality=75/wp_media/2023/07/BITCOIN-LAYER-2S-OVERVIEWJul11.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 12, 2023, 01:51:52 PM
Quote from: Mayday on October 12, 2023, 01:27:26 PM
Ahhh yes, the guy who used to run the stops of his customers on his exchange.

Inside 6yrs most will be nuked in crypto.

I would support the idea of a decade long rally on BTC 2030-2040. Before then, no way because we are in an upward rates cycle which is bad for metals.
Don't you think it's possible we have entered bearish euphoria? Bears are becoming more and more cocky.

https://www.reddit.com/r/amcstock/comments/16bs2uz/bearish_euphoria/?rdt=54083

Bearish Euphoria
APES UNITED 🦍💪🏻

It's a real thing.

The stock can never go to ath again, its just not possible.

That's what they think down here. Much like how at the top bullish euphoria leads people to believe stocks can't go "down to those levels again!"

Thing is we've seen all the bs, the manipulation, the fud, the complicit regulators.

We've also seen madoffs scheme collapse, we've seen the sub prime collapse and many other instances where moments eventually correct themselves.

We got this.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 12, 2023, 04:08:11 PM
Quote from: obsidian on October 12, 2023, 01:51:52 PM
Don't you think it's possible we have entered bearish euphoria? Bears are becoming more and more cocky.

https://www.reddit.com/r/amcstock/comments/16bs2uz/bearish_euphoria/?rdt=54083

Bearish Euphoria
APES UNITED 🦍💪🏻

It's a real thing.

The stock can never go to ath again, its just not possible.


Bearish euphoria was back when I bought at 17.5k.

Bearish feeling does not determine the next peak price.

I have 76k next ATH. Gurus have around 500k. Gurus get 99% utterly destroyed.

In my social media feeds I have:
Equities bearish like crazy
Property bearish like crazy
USD collapsing
Crypto bullish Q4 massive rally everybody will miss out on, halving, ETF etc

Make that that what you will
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 13, 2023, 06:10:32 AM
Quote from: obsidian on October 12, 2023, 01:47:28 PM
Well Bitcoin better get some quality developers onboard. It's lagging behind Ethereum and Solana. It takes a lot of developers to make that happen, and it is way behind.

https://www.coindesk.com/tech/2023/10/11/bitcoin-might-get-ethereum-style-smart-contracts-under-bitvm-plan/

BitVM's limitations

Linus' proposal triggered a slew of responses on X, with commentators quick to point out BitVM's limitations.

Pseudonymous bitcoin writer Shinobi pointed out that the cost of off-chain data management is "massive," adding that the protocol only involving two parties - the prover and the verifier - is also a "big limitation."

Bob Bodily, CEO of Ordinals marketplace Bioniq, wrote in a post on X that BitVM is "like a very early limited version of the Ethereum Virtual Machine (EVM)."

"BitVM is an amazing breakthrough because while there are many gaping holes right now in the BitVM, they are mostly solvable," he said. "Over the next few months I expect many of these holes to get filled in, at which point we will have more capable Bitcoin script without a Bitcoin upgrade."
Bitcoin Smart Contracts

Attempts to implement smart contract capabilities in the Bitcoin network are of course not new. For some time, Bitcoin developers have been attempting to find ways round the network's limitations due to its simpler scripting language compared to blockchains like Ethereum or Solana.

Regarding Bitcoin's L2:

https://www.coindesk.com/tech/2020/02/20/bitcoins-lightning-network-is-growing-increasingly-centralized-researchers-find/

Bitcoin's Lightning Network Is Growing 'Increasingly Centralized,' Researchers Find
Bitcoin's lightning network is growing "increasingly centralized," making it more susceptible to attacks, asserts a new paper by security researchers.

(https://contenthub-static.crypto.com/cdn-cgi/image/width=1200,quality=75/wp_media/2023/07/BITCOIN-LAYER-2S-OVERVIEWJul11.jpg)

Bitcoin has quality developers, and has exactly what was needed for the base layer. That is really all that matters for BTC. As for what sits on top, whether any kind of smart contract protocol, or any other technology making use of BTC, this will be taken care of by capitalism, economics, human imagination, and natural selection.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on October 13, 2023, 06:24:37 AM
So far BTC and ETH have been by far my worst investment in 20+ years of investing.  Good thing I invested only 1% of my net worth in crypto.

By far my best investments have been US stock index funds: S&P 500 index, Russell 1000 index, and best of all VTSAX.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on October 13, 2023, 02:50:24 PM
Quote from: loco on October 13, 2023, 06:24:37 AM
So far BTC and ETH have been by far my worst investment in 20+ years of investing.  Good thing I invested only 1% of my net worth in crypto.

By far my best investments have been US stock index funds: S&P 500 index, Russell 1000 index, and best of all VTSAX.


Dont you touch it for another 10 years then check back.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 13, 2023, 02:54:41 PM
Quote from: gib on October 13, 2023, 06:10:32 AM
Bitcoin has quality developers, and has exactly what was needed for the base layer. That is really all that matters for BTC. As for what sits on top, whether any kind of smart contract protocol, or any other technology making use of BTC, this will be taken care of by capitalism, economics, human imagination, and natural selection.
lol!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on October 13, 2023, 03:10:56 PM
Quote from: Theoak* on October 13, 2023, 02:50:24 PM


Dont you touch it for another 10 years then check back.

Or even wait another 1 or 2 years.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on October 13, 2023, 11:42:25 PM
Ferrari to accept crypto as payment for its cars in the US

Ferrari has started to accept payment in cryptocurrency for its luxury sports cars in the U.S. and will extend the scheme to Europe following requests from its wealthy customers, its marketing and commercial chief told Reuters.

https://www.reuters.com/business/autos-transportation/ferrari-accept-crypto-payment-its-cars-us-2023-10-14/#:~:text=MILAN%2C%20Oct%2014%20(Reuters),and%20commercial%20chief%20told%20Reuters.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 20, 2023, 02:58:09 AM
OK GETBIGGERS, I AM CALLING IT. THE NEXT CYCLE (now to end of 2025) HAS STARTED. AND ITS GOING TO BE EPIC.

I HAVE SAID IT MANY TIMES. THE CHANCES OF BECOMING A WHOLECOINER (IF YOU ARE NOT ONE) WILL GET LOWER BY THE DAY. SECURE YOUR FUTURE AND START SACKING SATS.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on October 20, 2023, 06:42:01 AM
Motto to live by at this present moment: "scared money don't make money."

Ignore the bears right now or you will enter the market late.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on October 20, 2023, 07:51:09 AM
Quote from: gib on October 20, 2023, 02:58:09 AM
OK GETBIGGERS, I AM CALLING IT. THE NEXT CYCLE (now to end of 2025) HAS STARTED.

And how do you get to that conclusion, you financial expert? :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 20, 2023, 08:26:03 AM
Well, I'm not much of a fan of technical indicators, but it would pretty obvious that on basic technical alone we are on an upward phase and through the last bear cycle.

Beyond that there are many major drivers at play which are super bullish for BTC demand.

-Conflict in various parts of the world leading to a demand for assets which are fixed in supply, easily divisible, and transferable across boarders.

-Inflation in many parts of the world, devaluing fiat currencies at a noticeable rate.

-Increasing education and awareness among our citizens as to why a global, uncensorable, uncorruptable, secure, digital, store of value and money, perfectly limited in supply, and decentralized, is so so important into the future we are heading.
 
-Numerous US BTC ETF's poised for approval for some of the largest funds in the world, which will result in hundreds of Billions of fund inflows into this asset class.

-Increasing understand and regulatory and technical and philosophical and economic understanding as to the difference betwen Bitcoin and "cryptos".

- The 2024 halvening due in around 6 months.

-The increasingly obviousness that the US will (and has almost no choice but to) embark on greater money printing than ever before.

-Ai increasingly making use of BTC as a base layer store of value.

-Countries globally looking to increase income taxes.

...all of which, when you combine with even just a slight increase of demand for this very unique limited in supply  asset class, will lead to a MASSIVE upward movement once FOMO takes hold (which will gradually build up and then abruptly take hold and explode in a positive loop upward price cycle).

Oh, and major financial players coming out strongly in support of Bitcoin as the supreme asset class, different and better than all others. Here is a good example, an interview with Fidelity.

i=0vzC9-RkOR5HXg5N


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 20, 2023, 09:29:51 AM
Quote from: thegamechanger on June 18, 2015, 12:43:20 PM
sounds risky, ill invest my money in an old hardcore cellar gym rather.

Price was $245 per coin when this was posted. What we can see in hindsight is that is was not risky to buy Bitcoin (provided you just simply HODL'd, and indeed rather it was risky not to buy Bitcoin, given how much the USD has devalued during that time.

Had this dude invested just 20K of his money in Bitcoin a that time, he would now be holding around 2.5 million USD in value.

Good news is that its still early, and anyone coming back here in 10 years will realize the same - that right now is a golden opportunity to acquire Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on October 20, 2023, 04:18:21 PM
Quote from: gib on October 20, 2023, 09:29:51 AM
Price was $245 per coin when this was posted. What we can see in hindsight is that is was not risky to buy Bitcoin (provided you just simply HODL'd, and indeed rather it was risky not to buy Bitcoin, given how much the USD has devalued during that time.

Had this dude invested just 20K of his money in Bitcoin a that time, he would now be holding around 2.5 million USD in value.

Good news is that its still early, and anyone coming back here in 10 years will realize the same - that right now is a golden opportunity to acquire Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 21, 2023, 02:12:07 AM
Yep - well even we started this trend the price was below 5K. And 100K at that time seemed a really farfetched and distant concept to some, with Mr Anabolic for example using the phrase in an attempt at sarcastic mockery "First 100,000 then to a million!". That phrase may of course soon become yet one more great example of a GetBig- self-owning, when his own quote actually becomes true lol. ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 21, 2023, 03:35:27 AM
Quote from: gib on October 20, 2023, 09:29:51 AM
Price was $245 per coin when this was posted. What we can see in hindsight is that is was not risky to buy Bitcoin (provided you just simply HODL'd, and indeed rather it was risky not to buy Bitcoin, given how much the USD has devalued during that time.

Had this dude invested just 20K of his money in Bitcoin a that time, he would now be holding around 2.5 million USD in value.

Good news is that its still early, and anyone coming back here in 10 years will realize the same - that right now is a golden opportunity to acquire Bitcoin.
Ethereum had a low price of 42 cents in 2015. The current price is $1,603 / 0.42 = 3,816.66 * $20,000 = $76,333,333 or over $76 million. And that 20K would have been worth over 233 million at Ethereum's ATH price of around $4,900.

People get all excited when Bitcoin moves $1,000, $2,000 or even $5,000. When the price is $30,000 a $5k move is a 16.66% increase.

For Ethereum, a similar move would take it from $1,603 to around $1,870. Only $267 up. Does not sounds as impressive as a $5K increase but it yields the same profit if the same amount of money was invested.

But I agree that Bitcoin will probably front-run Ethereum in the foreseeable future, as it did in 2017 and 2020.

Edit - Another way to calculate:

$20,000 / $0.42 = 47,619.047619047619047619047619048 ETH

47,619.047619047619047619047619048 x 1,603 = $76,333,333 or over $76 million.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 21, 2023, 03:36:27 AM
Quote from: Theoak* on October 20, 2023, 04:18:21 PM

lmao!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on October 21, 2023, 04:27:48 AM
Quote from: obsidian on October 21, 2023, 03:35:27 AM
Ethereum had a low price of 42 cents in 2015. The current price is $1,603 / 0.42 = 3,816.66 * $20,000 = $76,333,333 or over $76 million. And that 20K would have been worth over 233 million at Ethereum's ATH price of around $4,900.

People get all excited when Bitcoin moves $1,000, $2,000 or even $5,000. When the price is $30,000 a $5k move is a 16.66% increase.

For Ethereum, a similar move would take it from $1,603 to around $1,870. Only $267 up. Does not sounds as impressive as a $5K increase but it yields the same profit if the same amount of money was invested.

But I agree that Bitcoin will probably front-run Ethereum in the foreseeable future, as it did in 2017 and 2020.

Yes, that is to be expected.

Part of the cycle, then it moves towards ETH, smaller caps, micro caps and finally meme coins which usually marks the end of the cycle.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 22, 2023, 02:52:36 AM
Quote from: gib on October 20, 2023, 08:26:03 AM
Well, I'm not much of a fan of technical indicators, but it would pretty obvious that on basic technical alone we are on an upward phase and through the last bear cycle.

Beyond that there are many major drivers at play which are super bullish for BTC demand.

-Conflict in various parts of the world leading to a demand for assets which are fixed in supply, easily divisible, and transferable across boarders.

-Inflation in many parts of the world, devaluing fiat currencies at a noticeable rate.

-Increasing education and awareness among our citizens as to why a global, uncensorable, uncorruptable, secure, digital, store of value and money, perfectly limited in supply, and decentralized, is so so important into the future we are heading.
 
-Numerous US BTC ETF's poised for approval for some of the largest funds in the world, which will result in hundreds of Billions of fund inflows into this asset class.

-Increasing understand and regulatory and technical and philosophical and economic understanding as to the difference betwen Bitcoin and "cryptos".

- The 2024 halvening due in around 6 months.

-The increasingly obviousness that the US will (and has almost no choice but to) embark on greater money printing than ever before.

-Ai increasingly making use of BTC as a base layer store of value.

-Countries globally looking to increase income taxes.

...all of which, when you combine with even just a slight increase of demand for this very unique limited in supply  asset class, will lead to a MASSIVE upward movement once FOMO takes hold (which will gradually build up and then abruptly take hold and explode in a positive loop upward price cycle).

Oh, and major financial players coming out strongly in support of Bitcoin as the supreme asset class, different and better than all others. Here is a good example, an interview with Fidelity.


These are all great reasons to buy, but these are still just "narratives" to bring in new money and there is nothing wrong with that. However there hasn't been much "bull market" type buying since Jan-Feb of this year.

It's been a sideways market since then with the pumps that appear to come from TrueUSD printing which are minted out of thin air. You get the narrative, you then get the TrueUSD print and pump, then you get the slow dump. My guess it's an attempt to bring in FOMO money and so far it's not really been working.

Remember I told you the regional bank crisis pump was just narrative/scam pump, I told you spot ETFs would initially be a scam pump. I was right both those time. I believe this is also a scam pump as it also looks to be TrueUSD led. Let's see if I'm right again and we get BTC price dropping back to the mid 25k and potentially lower.

(https://pbs.twimg.com/media/F8_QbKLXcAAoSEe?format=jpg&name=medium)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 22, 2023, 03:31:34 AM


November dump back to 20k.

Once equities move below 4,200 you’ll see it rollover.

I’ve been very patient waiting for this one.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 22, 2023, 11:00:01 AM
Quote from: Mayday on October 22, 2023, 03:31:34 AM

November dump back to 20k.

Once equities move below 4,200 you’ll see it rollover.

I’ve been very patient waiting for this one.
So you're waiting for BTC to dump to $20K before you get back in?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Board_SHERIF on October 22, 2023, 01:16:49 PM
Bitcoin is still a thing ?? did anyone make money on this ?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 22, 2023, 01:51:58 PM
Quote from: obsidian on October 22, 2023, 11:00:01 AM
So you're waiting for BTC to dump to $20K before you get back in?

I have long term positions already. 

I kept some aside specifically for November to see if I am right on Both equities and crypto.

Entered at 17.5k in 2022. I’ve had a sell off event in Q4 2023 for ages which I narrowed to November and equities driven.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on October 22, 2023, 02:00:40 PM
full Solana for me, purchased between $10 and $19.
It will replace Ethereum which is expensive, slow and limited. it combines all layers in one.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 22, 2023, 07:44:30 PM
Quote from: French on October 22, 2023, 02:00:40 PM
full Solana for me, purchased between $10 and $19.
It will replace Ethereum which is expensive, slow and limited. it combines all layers in one.
Solana is more centralized which is why it is faster. But it has had numerous outages these past few years.

https://www.coindesk.com/tech/2023/02/28/solana-developers-say-reason-for-network-outage-still-unclear/

"Solana developers said Monday the reason for a network-wide outage over the weekend was still unclear but investigations are ongoing."

“Root cause is still unknown and under active investigation,” developers added.

The problems that started as sluggish transaction processing spiraled into a near complete shutdown of activity on Solana, validators and developers told CoinDesk over the weekend.

Regardless, I think Solana could do very well.

Regarding Ethereum, the Matic L2 is faster than Solana. Matic can handle 65,000 TPS. The Optimism L2 can handle 5,000 TPS. Solana handles around 5,000 TPS, and in testing reached 65,000 TPS. But in real-world transactions, it probably will choke and shut down as it did in the past if it tried to handle that much.

There are still numerous upgrades slated for Ethereum that could increase the overall TPS to 100,000. Vitalik thinks Ethereum will eventually scale to 1 million TPS. Not sure if that includes the entire L2 system.

In the future, the integration between L1 and L2 will be seamless and easy to use.

There's been talk of making Ethereum a Solana L2. And Solana an Ethereum L2, Haha!

https://decrypt.co/147100/solana-co-founder-says-ethereum-could-be-layer-2-sol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 22, 2023, 07:46:11 PM
Quote from: Mayday on October 22, 2023, 01:51:58 PM
I have long term positions already. 

I kept some aside specifically for November to see if I am right on Both equities and crypto.

Entered at 17.5k in 2022. I’ve had a sell off event in Q4 2023 for ages which I narrowed to November and equities driven.
Bitcoin is finally above $30K!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 22, 2023, 10:26:27 PM
Quote from: Mayday on October 22, 2023, 03:31:34 AM

November dump back to 20k.

Once equities move below 4,200 you’ll see it rollover.

I’ve been very patient waiting for this one.

You think it will drop to 20K???

Wow, will i wish that would happen. I would be loading up the truck at that point. (And that's the problem - many others would, will before it ever hit that price).

As a perfectly limited asset and the ultimate global store of value, BTC price is a pure function of supply and demand. For the reasons I mentioned I see demand far far outstripping supply over the next year, leading to an upward price squeeze which then feeds on itself. We have see this exact set-up before (which is what prompted me to make my earlier post).

For me, I continue just to HODL and nibble away slowly stacking sats and always having buy orders sitting at 5% below current price to try to catch short term down-swings.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on October 22, 2023, 10:33:07 PM
Quote from: French on October 22, 2023, 02:00:40 PM
full Solana for me, purchased between $10 and $19.
It will replace Ethereum which is expensive, slow and limited. it combines all layers in one.

Solana is extremely  promising the network hasn't  been down since February...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 22, 2023, 10:57:26 PM
Quote from: Theoak* on October 22, 2023, 10:33:07 PM
Solana is extremely  promising the network hasn't  been down since February...

As opposed to Bitcoin, whose network "hasn't been down" ever ... :)

Put your efforts into Bitcoin young Jedi. United we stand, united we thrive...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 23, 2023, 04:56:05 AM
Quote from: gib on October 22, 2023, 10:26:27 PM
You think it will drop to 20K???

Wow, will i wish that would happen. I would be loading up the truck at that point. (And that's the problem - many others would, will before it ever hit that price).

As a perfectly limited asset and the ultimate global store of value, BTC price is a pure function of supply and demand. For the reasons I mentioned I see demand far far outstripping supply over the next year, leading to an upward price squeeze which then feeds on itself. We have see this exact set-up before (which is what prompted me to make my earlier post).

For me, I continue just to HODL and nibble away slowly stacking sats and always having buy orders sitting at 5% below current price to try to catch short term down-swings.

Yes I think it will sell off. November is the danger window in my numbers so I’ll keep waiting.

Im sticking to my own plan.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on October 23, 2023, 08:23:29 AM
Quote from: Theoak* on October 22, 2023, 10:33:07 PM
Solana is extremely  promising the network hasn't  been down since February...

Yep, extremely promising since it came down from 260 to 20.... :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 23, 2023, 11:43:57 AM
Quote from: affeman on October 23, 2023, 08:23:29 AM
Yep, extremely promising since it came down from 260 to 20.... :D

HAHHAHHAHHHAHHAHA, what a comment :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 23, 2023, 11:46:26 AM
Quote from: Board_SHERIF on October 22, 2023, 01:16:49 PM
Bitcoin is still a thing ?? did anyone make money on this ?


Fiat is still a thing? What we know for certain is that every single person who has held cash has lost value over time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 23, 2023, 11:55:16 AM
Quote from: Mayday on October 23, 2023, 04:56:05 AM
Yes I think it will sell off. November is the danger window in my numbers so I’ll keep waiting.

Im sticking to my own plan.

I think its quite possible we will see a sell off in US equities at this time. However, I don't agree with the second part of the thesis, that BTC will come down also. Rather i see BTC frontrunning the inevitable easing of conditions which will be expected after a stock decline, being the lowering of interest rates and more money printing. The market cap of BTC is so small compared to equities such that the cash moving from equities into BTC as a safe haven will lead to a surge in BTC demand and hence price.

I do wish you luck though. I would be so happy for another opportunity to buy more BTC at a good price.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on October 23, 2023, 01:05:48 PM
Quote from: affeman on October 23, 2023, 08:23:29 AM
Yep, extremely promising since it came down from 260 to 20.... :D

Yeah Solana is, please tell me any other coin that's shut down 11 times and still going?If you're ever going to bet the farm and put all  your eggs in one basket, it's Solana.

I've sold all my btc and gone in, not missing out on  the next 100x.

Solana is the Eth killer we deserve and need.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 23, 2023, 01:34:54 PM
Quote from: Theoak* on October 23, 2023, 01:05:48 PM
Yeah Solana is, please tell me any other coin that's shut down 11 times and still going?If you're ever going to bet the farm and put all  your eggs in one basket, it's Solana.

I've sold all my btc and gone in, not missing out on  the next 100x.

Solana is the Eth killer we deserve and need.

The human desire to gamble never ceases to amaze me.

The odds of BTC growing 10x over the next few years are pretty good.

The odds of Solana (or pick your favorite "alt" with a "good story) growing 100x over the next few years is virtually zero (although of the infinite number of alts there of course will be some). Yet there always seems to be one more fool willing to part with his money on the hope that he backed the correct dark horse and found a diamond in the rough.

If you really want a 100xer to bet on, I would suggest FileCoin. I don't really see that as a crypto currency but more as a genuine utility token. But again, united we stand, divided we get diluted. We all collectively succeed if we are Bitcoin maxies, and meanwhile, the biggest beneficiary of any alt is the issuer who is trying to syphon off BTC value by getting you to believe in a scam project. Please don't fall into this trap.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on October 23, 2023, 02:39:51 PM
Quote from: gib on October 23, 2023, 01:34:54 PM
The human desire to gamble never ceases to amaze me.

The odds of BTC growing 10x over the next few years are pretty good.

The odds of Solana (or pick your favorite "alt" with a "good story) growing 100x over the next few years is virtually zero (although of the infinite number of alts there of course will be some). Yet there always seems to be one more fool willing to part with his money on the hope that he backed the correct dark horse and found a diamond in the rough.

If you really want a 100xer to bet on, I would suggest FileCoin. I don't really see that as a crypto currency but more as a genuine utility token. But again, united we stand, divided we get diluted. We all collectively succeed if we are Bitcoin maxies, and meanwhile, the biggest beneficiary of any alt is the issuer who is trying to syphon off BTC value by getting you to believe in a scam project. Please don't fall into this trap.

lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 23, 2023, 02:53:36 PM
Quote from: gib on October 23, 2023, 01:34:54 PM
The human desire to gamble never ceases to amaze me.

The odds of BTC growing 10x over the next few years are pretty good.

The odds of Solana (or pick your favorite "alt" with a "good story) growing 100x over the next few years is virtually zero (although of the infinite number of alts there of course will be some). Yet there always seems to be one more fool willing to part with his money on the hope that he backed the correct dark horse and found a diamond in the rough.

If you really want a 100xer to bet on, I would suggest FileCoin. I don't really see that as a crypto currency but more as a genuine utility token. But again, united we stand, divided we get diluted. We all collectively succeed if we are Bitcoin maxies, and meanwhile, the biggest beneficiary of any alt is the issuer who is trying to syphon off BTC value by getting you to believe in a scam project. Please don't fall into this trap.
I like watching Ivan Tech. He sees the coming bull run peaking later in 2025. He mentions that bigger market cap coins will see diminishing returns compared to previous bull cycles. Bitcoin did a 20x from 2014 - 2017 and then a +/- 3.5x from 2017-2021. He reckons BTC could reach at least $100,000 in 2025, or maybe sooner. But he does not see it going to $300,000 or $400,000 in this bull run.

Here are his targets:

BTC: $100,000 for sure
ETH: $12,000 minimum (At least a 3X from previous ATH)
BNB: $2,000 (10x maybe)
XRP: Will be happy if it goes to previous ATH of $3
SOL: Not sure if it can go past previous ATH of $259. Thinks it could easily go to $100.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: deadz on October 23, 2023, 02:57:55 PM
Quote from: Board_SHERIF on October 22, 2023, 01:16:49 PM
Bitcoin is still a thing ?? did anyone make money on this ?
LOL yea right let me go drop a million on bit crap.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on October 23, 2023, 03:28:08 PM
Quote from: obsidian on October 23, 2023, 02:53:36 PM
I like watching Ivan Tech. He sees the coming bull run peaking later in 2025. He mentions that bigger market cap coins will see diminishing returns compared to previous bull cycles. Bitcoin did a 20x from 2014 - 2017 and then a +/- 3.5x from 2017-2021. He reckons BTC could reach at least $100,000 in 2025, or maybe sooner. But he does not see it going to $300,000 or $400,000 in this bull run.

Here are his targets:

BTC: $100,000 for sure
ETH: $12,000 minimum (At least a 3X from previous ATH)
BNB: $2,000 (10x maybe)
XRP: Will be happy if it goes to previous ATH of $3
SOL: Not sure if it can go past previous ATH of $259. Thinks it could easily go to $100.



I wouldn't lend credence to this pump and dump shitcoiner. Guy was exposed long ago in those schemes and went on a deleting frenzy trying to cover his tracks.

Didn't he also say bitcoin  can't go up with interest rates above 3%

In terms of price, couldn't care about the other coins , if BTC ETF gets approved then the issuers are going to need a ton of btc tp satisfy consumer demand over the next 12-24 months. That will be interesting to see.

SOL only got to 259 because of that fraudster SBF pumping its bags, him and his cronies. Was also trying to artificially keep the price of btc under 20k. Once these shenanigans stop you will start to see big numbers.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 23, 2023, 04:29:56 PM
Quote from: Theoak* on October 23, 2023, 03:28:08 PM
I wouldn't lend credence to this pump and dump shitcoiner. Guy was exposed long ago in those schemes and went on a deleting frenzy trying to cover his tracks.

Didn't he also say bitcoin  can't go up with interest rates above 3%

In terms of price, couldn't care about the other coins , if BTC ETF gets approved then the issuers are going to need a ton of btc tp satisfy consumer demand over the next 12-24 months. That will be interesting to see.

SOL only got to 259 because of that fraudster SBF pumping its bags, him and his cronies. Was also trying to artificially keep the price of btc under 20k. Once these shenanigans stop you will start to see big numbers.
He actually knows something about programming. There's a tutorial of him creating a blockchain on youtube. I also recall him pumping crypto in  2020 and early 2021 and then turning bearish later in the year. And the market did go south shortly after. So he has to get credit for spotting the trend in the crypto market.

I really don't see BTC being the only crypto that thrives. The world is a big place. Not everyone is going to go into BTC. There's room for other blockchains. And applications that BTC is not suited for.  The reality is smaller market-cap coins will outperform BTC in a bull run. They will dump much harder but also go up more. If BTC now goes up $5,000 it's only a 15% increase at $33,000. It sounds impressive, but a newbie investing $10,000 will only have a profit of $1,500. For BTC to make a 10x gain from here on out it needs to go to $330,000.

Doge just needs to go from 6 cents to 60 cents for a 10X. Doge's ATH was 75 cents. If Elon adds Doge to X/Twitter it could certainly reach the previous ATH and beyond. $1 Doge might be possible. Doge is sitting at 6.6 cents right now. That's a 15X. That $10,000 becomes $150,000.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 23, 2023, 04:35:44 PM
Quote from: Theoak* on October 23, 2023, 03:28:08 PM
I wouldn't lend credence to this pump and dump shitcoiner. Guy was exposed long ago in those schemes and went on a deleting frenzy trying to cover his tracks.

Didn't he also say bitcoin  can't go up with interest rates above 3%

In terms of price, couldn't care about the other coins , if BTC ETF gets approved then the issuers are going to need a ton of btc tp satisfy consumer demand over the next 12-24 months. That will be interesting to see.

SOL only got to 259 because of that fraudster SBF pumping its bags, him and his cronies. Was also trying to artificially keep the price of btc under 20k. Once these shenanigans stop you will start to see big numbers.
Yes, he pumps and dumps. That's how you make money. You buy low and sell high. I need to follow that advice. I had a Doge profit of over $100,000 two years ago. I was greedy and did not sell. Then when the price started dumping I said fuck it I'll ride it to the bottom.

Wrong mentality. Diamond hands are fine but crypto is going to pump and dump like a pyramid scheme. It can't go up forever and it can't stay sidewise forever. Nobody would get into crypto if there were no changes. And some people make money when it dumps. Crypto is going to pump and dump for a few more cycles.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on October 23, 2023, 05:16:27 PM
Quote from: obsidian on October 23, 2023, 04:29:56 PM
He actually knows something about programming. There's a tutorial of him creating a blockchain on youtube. I also recall him pumping crypto in  2020 and early 2021 and then turning bearish later in the year. And the market did go south shortly after. So he has to get credit for spotting the trend in the crypto market.

I really don't see BTC being the only crypto that thrives. The world is a big place. Not everyone is going to go into BTC. There's room for other blockchains. And applications that BTC is not suited for.  The reality is smaller market-cap coins will outperform BTC in a bull run. They will dump much harder but also go up more. If BTC now goes up $5,000 it's only a 15% increase at $33,000. It sounds impressive, but a newbie investing $10,000 will only have a profit of $1,500. For BTC to make a 10x gain from here on out it needs to go to $330,000.

Doge just needs to go from 6 cents to 60 cents for a 10X. Doge's ATH was 75 cents. If Elon adds Doge to X/Twitter it could certainly reach the previous ATH and beyond. $1 Doge might be possible. Doge is sitting at 6.6 cents right now. That's a 15X. That $10,000 becomes $150,000.

pumping and dumping coins on your followers where you command alot of influence online is not only un-ethical  it's also illegal. Why do you think half these scammers move to Dubai?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on October 23, 2023, 05:44:18 PM
Quote from: obsidian on October 23, 2023, 04:29:56 PM
He actually knows something about programming. There's a tutorial of him creating a blockchain on youtube. I also recall him pumping crypto in  2020 and early 2021 and then turning bearish later in the year. And the market did go south shortly after. So he has to get credit for spotting the trend in the crypto market.

I really don't see BTC being the only crypto that thrives. The world is a big place. Not everyone is going to go into BTC. There's room for other blockchains. And applications that BTC is not suited for.  The reality is smaller market-cap coins will outperform BTC in a bull run. They will dump much harder but also go up more. If BTC now goes up $5,000 it's only a 15% increase at $33,000. It sounds impressive, but a newbie investing $10,000 will only have a profit of $1,500. For BTC to make a 10x gain from here on out it needs to go to $330,000.

Doge just needs to go from 6 cents to 60 cents for a 10X. Doge's ATH was 75 cents. If Elon adds Doge to X/Twitter it could certainly reach the previous ATH and beyond. $1 Doge might be possible. Doge is sitting at 6.6 cents right now. That's a 15X. That $10,000 becomes $150,000.


Last cycle was about price suppression  via paper btc, what if this cycle is about price expansion? Having your money in a centralised shitcoin that will outpace btc by 3 or 4x is degenerate gambling.

Last cycle I over heard conversations of people patting each other on the back listing their portfolio with 5+ coins in it. "wow, that's great choice of coins".

This isn't the S&p 500, there will be no top 500 coins. 99% will eventually goto 0 against btc. I'd say Eth will keep up along side, but on a long enough time frame btc will absolutely  eclipse it on a pricing and use case scenario.

I'd rather sleep well at night knowing my wealth is in a decentrilised blue chip asset rather than chasing the next 10-100x. Here's the kicke4, btc still has another 100x in it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 23, 2023, 07:39:39 PM
Quote from: gib on October 23, 2023, 11:55:16 AM
I think its quite possible we will see a sell off in US equities at this time. However, I don't agree with the second part of the thesis, that BTC will come down also. Rather i see BTC frontrunning the inevitable easing of conditions which will be expected after a stock decline, being the lowering of interest rates and more money printing. The market cap of BTC is so small compared to equities such that the cash moving from equities into BTC as a safe haven will lead to a surge in BTC demand and hence price.

I do wish you luck though. I would be so happy for another opportunity to buy more BTC at a good price.

I had BTC to 41k this year BUT if it was going to happen I had it before November. We have A week left so let’s see.

Price now at 34.5k so this is a solid breakout. This is why I have big positions already as imagine having nothing and then it breaks to 35k 😱  if we can get to the 40s any pullback might be where we just came from lol

I’m happy either direction.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 23, 2023, 07:51:47 PM

Just looked at the ETH gas cost on defi to do a small $5 transaction and it was $29.97……..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 23, 2023, 08:51:24 PM
Quote from: Mayday on October 23, 2023, 07:51:47 PM
Just looked at the ETH gas cost on defi to do a small $5 transaction and it was $29.97……..
Can you post a screenshot? Is there an option to use a L2 for the transaction? What platform was this?

ETH has turned deflationary again. The past 1 hour 197 ETH was burned and 107 ETH issued via fees / staking.

https://ultrasound.money/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 23, 2023, 09:09:14 PM
Quote from: Theoak* on October 23, 2023, 05:44:18 PM

Last cycle was about price suppression  via paper btc, what if this cycle is about price expansion? Having your money in a centralised shitcoin that will outpace btc by 3 or 4x is degenerate gambling.

Last cycle I over heard conversations of people patting each other on the back listing their portfolio with 5+ coins in it. "wow, that's great choice of coins".

This isn't the S&p 500, there will be no top 500 coins. 99% will eventually goto 0 against btc. I'd say Eth will keep up along side, but on a long enough time frame btc will absolutely  eclipse it on a pricing and use case scenario.

I'd rather sleep well at night knowing my wealth is in a decentrilised blue chip asset rather than chasing the next 10-100x. Here's the kicke4, btc still has another 100x in it.
BTC pumped and dumped from an ATH of $68,763.41 on 11/9/2021 to a low of $15,795 on 11/21/2022. That's a drop of 77.0299%.

ETH pumped and dumped from an ATH of $ 4,896.88 on 11/9/2021 to a low of $996.19 on 6/18/2022. That's a drop of 79.6566%.

BTC and ETH charts for the past 5 years look very similar. But my point is, BTC has dumped just like everything else. Bitcoin Maxi(pads) act like BTC's shit don't stink. But it do! (sic)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on October 23, 2023, 10:56:07 PM
Quote from: obsidian on October 23, 2023, 09:09:14 PM
BTC pumped and dumped from an ATH of $68,763.41 on 11/9/2021 to a low of $15,795 on 11/21/2022. That's a drop of 77.0299%.

ETH pumped and dumped from an ATH of $ 4,896.88 on 11/9/2021 to a low of $996.19 on 6/18/2022. That's a drop of 79.6566%.

BTC and ETH charts for the past 5 years look very similar. But my point is, BTC has dumped just like everything else. Bitcoin Maxi(pads) act like BTC's shit don't stink. But it do! (sic)

I'm not sure what you're saying? who is denying btc dumps. What you have shown is btc dumps less and less each cycle as it matures.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on October 24, 2023, 01:10:59 AM
Quote from: Board_SHERIF on October 22, 2023, 01:16:49 PM
Bitcoin is still a thing ?? did anyone make money on this ?

The fate of any BTC buyer:

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 24, 2023, 06:34:13 AM
BTC Fractal Graph
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 24, 2023, 10:53:17 AM
People need to chill. It's like they've never experienced a green candle. It's still a bear market

(https://pbs.twimg.com/media/F9NmNsUbIAA5-He?format=jpg&name=small)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on October 24, 2023, 01:36:25 PM
Quote from: Mayday on October 23, 2023, 07:39:39 PM
I had BTC to 41k this year BUT if it was going to happen I had it before November. We have A week left so let’s see.

Price now at 34.5k so this is a solid breakout. This is why I have big positions already as imagine having nothing and then it breaks to 35k 😱  if we can get to the 40s any pullback might be where we just came from lol

I’m happy either direction.
 

See how weak the Aussie $$ has become against USD

At 69kusd it was almost 90kaud

Yesterday btc touched 35kusd and it was 55k aud
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 25, 2023, 11:30:34 AM
Quote from: Mayday on October 23, 2023, 07:39:39 PM

Price now at 34.5k so this is a solid breakout....imagine having nothing and then it breaks to 35k 😱 

Well we hit 35K 2 times in the last few days. It may hit again today - iets see if we get decisive breakthrough.

Many people are hodling, and very few sellers of any volume. Add to that increased retail interest, hedge funds and family offices who may buy prior to the ETFs, and then also the coins the various ETF applicants are already accumulating to seed the funds. And currently very low leverage in the system - its a lovely set up for upward momentum.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 25, 2023, 01:07:17 PM
Quote from: Theoak* on October 24, 2023, 01:36:25 PM
 

See how weak the Aussie $$ has become against USD

At 69kusd it was almost 90kaud

Yesterday btc touched 35kusd and it was 55k aud

That’s the DXY movement I frequently speak of which is the index of USD against all currencies. We are all in the same bucket here.

Americans think their currency is collapsing, everyone outside the US see the USD value skyrocketing. Perspective.

If there is an event in the ME which triggers a sell off we will see the USD quickly spike then it should reverse and give us some breathing space before going back up in the next rate hiking cycle.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 25, 2023, 05:01:40 PM
Quote from: gib on October 25, 2023, 11:30:34 AM
Well we hit 35K 2 times in the last few days. It may hit again today - iets see if we get decisive breakthrough.

Many people are hodling, and very few sellers of any volume. Add to that increased retail interest, hedge funds and family offices who may buy prior to the ETFs, and then also the coins the various ETF applicants are already accumulating to seed the funds. And currently very low leverage in the system - its a lovely set up for upward momentum.

We have ME uncertainty driving up Gold and BTC. I like this very much as it shows anti risk, uncertainty mechanism in play. It also serves my belief that BTC is ultimately digital gold and nothing else.

We are testing 2021 and 2022 lows at 35k. I have the next week and the one after as the major equity sell off risk zone so let’s see if it holds up.

 My Mum is 74 and yesterday she told me BTC had jumped up because there is an ETF approval and some other shit. My brother had phoned her and was talking the typical BS. They are top price buyers so when out of the blue they tell me why Bitcoin pumped and how it’s going higher……
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on October 31, 2023, 12:29:36 AM
Solana will replace Ethereum.
All layers in one, fast and low transaction cost

Nokia has been replaced by Apple, Samsung
Yahoo has been replaced by Google
..

always the number one is replaced
Don't wait, sell your house, car and wait for a SOL at 600$ soon.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 02, 2023, 03:09:05 AM
Quote from: gib on October 20, 2023, 02:58:09 AM
OK GETBIGGERS, I AM CALLING IT. THE NEXT CYCLE (now to end of 2025) HAS STARTED. AND ITS GOING TO BE EPIC.

I HAVE SAID IT MANY TIMES. THE CHANCES OF BECOMING A WHOLECOINER (IF YOU ARE NOT ONE) WILL GET LOWER BY THE DAY. SECURE YOUR FUTURE AND START SACKING SATS.

Ok, well as we can see now, I was right in making this call.

Price on 20 October was 29500. We are now sitting on 35000. (So up around 15% since my call).

MayDay, we almost certainly won't see the equities dump (or Bitcoin dump) you predicted for November. Powell pretty much put an end to that possibility with his comments yesterday.

What you were right on is that 35K would be a likely short term resistance level. I think we may now just have broken through to 35K being the new short term support level, in what will be a overall upwards trend.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 02, 2023, 03:12:04 AM
Theok and Flex etc - below, again, was the rationale for my call that a new BTC cycle is underway...

Quote from: gib on October 20, 2023, 08:26:03 AM
Well, I'm not much of a fan of technical indicators, but it would pretty obvious that on basic technical alone we are on an upward phase and through the last bear cycle.

Beyond that there are many major drivers at play which are super bullish for BTC demand.

-Conflict in various parts of the world leading to a demand for assets which are fixed in supply, easily divisible, and transferable across boarders.

-Inflation in many parts of the world, devaluing fiat currencies at a noticeable rate.

-Increasing education and awareness among our citizens as to why a global, uncensorable, uncorruptable, secure, digital, store of value and money, perfectly limited in supply, and decentralized, is so so important into the future we are heading.
 
-Numerous US BTC ETF's poised for approval for some of the largest funds in the world, which will result in hundreds of Billions of fund inflows into this asset class.

-Increasing understand and regulatory and technical and philosophical and economic understanding as to the difference betwen Bitcoin and "cryptos".

- The 2024 halvening due in around 6 months.

-The increasingly obviousness that the US will (and has almost no choice but to) embark on greater money printing than ever before.

-Ai increasingly making use of BTC as a base layer store of value.

-Countries globally looking to increase income taxes.

...all of which, when you combine with even just a slight increase of demand for this very unique limited in supply  asset class, will lead to a MASSIVE upward movement once FOMO takes hold (which will gradually build up and then abruptly take hold and explode in a positive loop upward price cycle).

Oh, and major financial players coming out strongly in support of Bitcoin as the supreme asset class, different and better than all others. Here is a good example, an interview with Fidelity.

i=0vzC9-RkOR5HXg5N
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 02, 2023, 12:24:20 PM
Quote from: French on October 31, 2023, 12:29:36 AM
Solana will replace Ethereum.
All layers in one, fast and low transaction cost

Nokia has been replaced by Apple, Samsung
Yahoo has been replaced by Google
..

always the number one is replaced
Don't wait, sell your house, car and wait for a SOL at 600$ soon.
Dumped 8% today.

Solana does have a lot of hype going on, and institutional interest. My concern is it is more centralized, the FTX estate holds a lot, and it has a history of shutting down. But, it could do well in the future.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 02, 2023, 03:03:47 PM
Quote from: gib on November 02, 2023, 03:09:05 AM
Ok, well as we can see now, I was right in making this call.

Price on 20 October was 29500. We are now sitting on 35000. (So up around 15% since my call).

MayDay, we almost certainly won't see the equities dump (or Bitcoin dump) you predicted for November. Powell pretty much put an end to that possibility with his comments yesterday.

What you were right on is that 35K would be a likely short term resistance level. I think we may now just have broken through to 35K being the new short term support level, in what will be a overall upwards trend.

Perhaps…… We just made attempt 1 It’s only been 2 days in November, 28 more left for which an event can happen.

I have the start of CPI wave 2 beginning around Mar 2024. I’m expecting an event before then to cause it and 3 x US aircraft carriers are now floating in the ME. I assume it’ll be an energy related impact.

FWIW I have the next Bitcoin peak in October 2024.

We will have a -30% selloff at some point. 48k to 35k, 42k to 30k, 35k to 25k.

Fidelity called for 100k BTC in 2023 yet their own model doesn’t even allow for that before 2026….. this is the same mob calling for 1M BTC in a decade. They’re all full of shit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 02, 2023, 04:07:52 PM
Quote from: Mayday on November 02, 2023, 03:03:47 PM
Perhaps…… We just made attempt 1 It’s only been 2 days in November, 28 more left for which an event can happen.

I have the start of CPI wave 2 beginning around Mar 2024. I’m expecting an event before then to cause it and 3 x US aircraft carriers are now floating in the ME. I assume it’ll be an energy related impact.

FWIW I have the next Bitcoin peak in October 2024.

We will have a -30% selloff at some point. 48k to 35k, 42k to 30k, 35k to 25k.

Fidelity called for 100k BTC in 2023 yet their own model doesn’t even allow for that before 2026….. this is the same mob calling for 1M BTC in a decade. They’re all full of shit.

I'm still on similar levels. Maybe even 42k to low 20s being the pain trade for everyone. But I lean more towards a recession scare or brief recession sending it there and not a geopolitical event.

Also the lack of action in ALTs tells me retail aren't back and no new money has entered, so from my perspective it's still a sideways bear market.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 03, 2023, 03:55:12 AM
Gosh, I am really quite surprised, I must say, that some of the more financially savvy GetBiggers here can't seem to see what to me is a very obvious setup for massaive inflows and consequent price appreciation. I have explained the factors in my earlier post. The phase about leading a horse to water comes to mind...

We have the ability now, to front-run Billions of dollars about to flow into BTC over the next year from massive financial institutions globally. With fixed supply, HODLing, and a surge in demand, the outcome on price is obvious.

How would an increase in military conflict, in the ME, or elsewhere, impact Bitcoin? Any global conflict should be highly positive for Bitcoin demand, and indeed the more severe such conflict, the stronger the demand should be.

Could we see a Bitcoin price movement this year of 30%? Sure we could, given BTC's historical volatility. Bear in mind, volitility works both ways - we could just as easily see a 30% surge. (We have just seen 15% move up over the last 2 weeks).

MayDay - I can see where you get your prediction of a BTC cycle in 2024 from. My view is that this next cycle will run much longer (maybe even right past 2028), primarily because institutional and HNW investors, who will be the major driver of price over the next cycle, take far longer to move, and because the mathematical effect of progressive havening's diminish each time they occur.

PS - just a little factoid - in its entire existence, BTC this year in 2023, has had is lowest annual volatility to date. That is not to say this will continue each year, but overall, as adoption and market cap grow, annual volatility should drop.

As for those no-coiners who whine "oh but its too volatile", my response is that volatility is awesome if you buy low and sell high. If you know that the long term is up, then stacking sats and HODL is the perfect strategy.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 03, 2023, 05:13:15 AM
Quote from: Mayday on June 24, 2023, 03:50:05 PM
Forever the eternal optimist :D

You watch when Microstrategy sell some of their holdings……..

This is good news to hear you bullposting again. I like it when you are like this.

Just a follow up on this Mayday. Since this post, MSTR has continued to buy BTC. And the MSTR stock price has risen from $281 a share to $454 a share over this period.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 03, 2023, 05:16:15 AM
Quote from: obsidian on May 10, 2022, 07:34:35 PM

MicroStrategy CEO Michael Saylor has been a vocal Bitcoin advocate, with his company holding 129,218 Bitcoin (nearly $4.1 billion worth) as of its latest quarterly earnings report.

“If the price of Bitcoin falls below $3,562 the company could post some other collateral,” Saylor wrote on Twitter.

Well, it didn't happen mate. Instead of falling BTC falling to $3,562, it pretty much 10x'ed to $35,000. :)

MSTR is now up well over 1 Billion USD on ths value of its BTC holdings.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 03, 2023, 06:00:52 AM
Gib going for his victory lap at 50% down from all time highs  :D

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 04, 2023, 01:02:34 AM
Quote from: gib on November 03, 2023, 05:13:15 AM
Just a follow up on this Mayday. Since this post, MSTR has continued to buy BTC. And the MSTR stock price has risen from $281 a share to $454 a share over this period.

What can I say but Doom posting is fun lol.

But I did buy at 17.5k and have had positions the entire time, only selling a small part for 2.5x. I egg on both sides bears and bull but I do my own thing.

I said Tesla would sell, they did. I said one day it’ll be shown on their qtrly earnings, no announcement and that’s how it happened. MSTR will sell once they have room for profit taking and you’ll see it in the Qrtly earnings, Saylor isn’t CEO remember?

Make no mistake, MSTR are full degens. Their ‘magic for success’ was junk bonds which was a horrible idea so they moved to a much better plan of issuing new shares for sale to buy more Bitcoin and run their company. Share price goes up, issue new shares, sell to market, buy Bitcoin and run unprofitable business.

However that method means Saylor has so far fucked anybody who ponied up round 1 and 2 of 2028 share maturity by his strategy of share dilution. He is a full degen, not even losing 13B has made him learn a lesson.

*Blackrock has entered the chat*
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on November 04, 2023, 01:25:25 AM
Quote
Dumped 8% today.
Solana does have a lot of hype going on, and institutional interest. My concern is it is more centralized, the FTX estate holds a lot, and it has a history of shutting down. But, it could do well in the future.

It dumped because their Breakpoint event (October 30 - November 3, 2023)  is over. Short term gamblers always do that. Now the upside trend is back.
Shutting down is now history and resilience is mature, "Firedancer" will change the landscape.Web3 is its DNA.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 04, 2023, 02:06:49 AM
Quote from: gib on November 03, 2023, 05:13:15 AM
Just a follow up on this Mayday. Since this post, MSTR has continued to buy BTC. And the MSTR stock price has risen from $281 a share to $454 a share over this period.

Just remember, it was the businesses that drove coin values into the dirt, not the other way around.

Remember how the price of Gold is suppressed…….. now consider for Bitcoin the 2 largest holders…..

Grayscale have 600,000+ coins and all it takes is no ETF approval to make them bleed out….

MSTR has 2.17B in debt at 6%+. They also have 1B+ in 2 lots of share maturities which were done at 1,100 and 800 from memory. If the share price doesn’t get up and hold up they’ll get share price pressure from the issuance which means no more selling shares to cover operating losses. Their only means to cover interest costs and operations is coin sales……

So while you look at a doubling in the share price and get excited, remember it’s -64% from 2021, holds 2.17B of junk bond debt and has 1B in share maturity to give to some very pissed off people 👀

This is while I have said the DXY will rise and rise and rise. We might not get a downswing in the DXY until after 2034…… urgh it’s almost like holding Gold…… wait, wut? 👀
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 06, 2023, 08:50:54 AM
Quote from: Flexacon on November 03, 2023, 06:00:52 AM
Gib going for his victory lap at 50% down from all time highs  :D

Haha, nice one. :)

Although the way I look at it, I'm currently up around 700% on my average buy-in price, as opposed to being 50% down.

But either way, every single Bitcoin buyer who has ever bought in any Bitcoin cycle has been up on the subsequent cycle. The key is simply to hodl. Those who happened to buy at 64K (or whatever the last peak was) will be nicely in the money this next cycle if they just simply HODL.

For those who want some inspiration, check this out:

&t=34s

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 09, 2023, 01:31:15 AM
36 now.

This set up should be so obvious to you boys. We are are likely the smartest ones here when it comes to finance. That BTC is about to surge is obvious to me (for reasons I already explained)

Also check out Filecoin if anyone is interested in a true utility token with a project already making money and posed for massive adoption ahead, which, if you are really looking for an "alt" coin, I would consider. (Totally different form Bitcoin -  being a utility token and an unregistered security, but a very interesting and legit project nevertheless which has true potential now being realized.). Good video here - seriously recommend anyone interested take a look and then go and do your own research. The time to buy these things is of course now, well before an "crypto boom".

i=-gVWaRBOxDi825ol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on November 09, 2023, 01:40:14 AM
Quote from: gib on November 09, 2023, 01:31:15 AM
36 now.

This set up should be so obvious to you boys. We are are likely the smartest ones here when it comes to finance. That BTC is about to surge is obvious to me (for reasons I already explained)

Also check out Filecoin if anyone is interested in a true utility token with a project already making money and posed for massive adoption ahead, which, if you are really looking for an "alt" coin, I would consider. (Totally different form Bitcoin -  being a utility token and an unregistered security, but a very interesting and legit project nevertheless which has true potential now being realized.). Good video here - seriously recommend anyone interested take a look and then go and do your own research. The time to buy these things is of course now, well before an "crypto boom".

Are you still telling yourself we are before a "crypto boom"? ;D

U do realize that the surge in price has been flattening out drastically after every single halving to the point, that the next one will barely even affect the BTC price anymore. Get over it, the peak of the hype was 2021, if u want money get a job.... ;D

(https://s3.tradingview.com/6/6iT5XX1z_mid.png)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 09, 2023, 02:58:48 AM
Quote from: affeman on November 09, 2023, 01:40:14 AM
Are you still telling yourself we are before a "crypto boom"? ;D

U do realize that the surge in price has been flattening out drastically after every single halving to the point, that the next one will barely even affect the BTC price anymore. Get over it, the peak of the hype was 2021, if u want money get a job.... ;D


Yes, although BITCOIN (not "crypto"), although inevitably there will still be some who try to suck out money from BTC into their "crypto" scams.  We might see a few coins with legitimate prospects rebound hard on the back of a BTC boom - for example, Chainlink, ETH, Uniswap, Filecoin, Aave, but basically I would suggest, and urge anyone, RIGHT NOW, to secure their status in the world as a wholecoiner. BTC is poised to surge to levels that will make current prices seem a blip.

As for getting money, yes you can "get a job" (or even better start your own business), but you need somewhere to defend that money from the fiat Ponzie scheme - that's where Bitcoin comes in.

If you care for you future, you will stack Sats hard, hodl, educate others, and enjoy the ride we are about to have.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on November 09, 2023, 03:00:43 AM
Quote from: gib on November 09, 2023, 02:58:48 AM
As for getting money, yes you can "get a job" (or even better start your own business), but you need somewhere to defend that money from the fiat Ponzie scheme - that's where Bitcoin comes in.

The defense worked amazing for those who bought BTC 3 years ago at 60k... ;D (which is actually the majority of most BTC HODLers)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 09, 2023, 03:32:48 AM
Quote from: affeman on November 09, 2023, 03:00:43 AM
The defense worked amazing for those who bought BTC 3 years ago at 60k... ;D (which is actually the majority of most BTC HODLers)

Lol, what an idiotic comment.

You are confusing short term volatility, with a long term trend.

Anyone who has bought regularly over time, will be well up in terms of having preserving their economic energy. Further, even those very few people who happened to have bought only once, and with that time being exactly that the very top of the last peak (or any peak before that), will be up on the next cycle.

So if are really trying to make the argument that BTC is not a good defense against fiat devaluation, you are simply a moron who does not understand basic concepts of economics, who has the mindset of a perpetual loser.

I am doing my very best to help you, but there are some people who just don't allow themselves to be helped. You may well be one of those types, although it really is hard to comprehend how anyone can be so stupid. You can lead Getbigger to water...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on November 09, 2023, 04:57:11 AM
Quote from: gib on November 09, 2023, 03:32:48 AM
Lol, what an idiotic comment.

You are confusing short term volatility, with a long term trend.

Anyone who has bought regularly over time, will be well up in terms of having preserving their economic energy. Further, even those very few people who happened to have bought only once, and with that time being exactly that the very top of the last peak (or any peak before that), will be up on the next cycle.

So if are really trying to make the argument that BTC is not a good defense against fiat devaluation, you are simply a moron who does not understand basic concepts of economics, who has the mindset of a perpetual loser.

I am doing my very best to help you, but there are some people who just don't allow themselves to be helped. You may well be one of those types, although it really is hard to comprehend how anyone can be so stupid. You can lead Getbigger to water...

Don't worry, at one point you're gonna understand the difference between price and value as well. And I'm afraid you'll learn the hard way ;)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 09, 2023, 06:06:20 AM
Quote from: affeman on November 09, 2023, 04:57:11 AM
Don't worry, at one point you're gonna understand the difference between price and value as well. And I'm afraid you'll learn the hard way ;)

Lol, what a fool you are. Your attitude and stubbornness will come back to haunt you. BTC is already 800% since this thread started, outperforming any other asset class over that period. Had you bought when I made my strong buy call back at 25K, you would have been 4x up when it hits 100K. (Please think of me when that happens...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 09, 2023, 01:55:26 PM
Woke up and noticed ETH went up to $2,074 today! I guess it punched through the $2,000 barrier again. Nice move!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 09, 2023, 01:56:20 PM
Quote from: affeman on November 09, 2023, 01:40:14 AM
Are you still telling yourself we are before a "crypto boom"? ;D

U do realize that the surge in price has been flattening out drastically after every single halving to the point, that the next one will barely even affect the BTC price anymore. Get over it, the peak of the hype was 2021, if u want money get a job.... ;D

(https://s3.tradingview.com/6/6iT5XX1z_mid.png)
Unless the dollar goes caput.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 09, 2023, 03:21:10 PM
Ethereum went up today because Blackrock filed for a Spot Ethereum ETF. Ark Invest also has a filing with the SEC for an ETH ETF.

https://www.wsj.com/livecoverage/stock-market-today-dow-jones-11-09-2023/card/ether-soars-after-blackrock-files-for-spot-ethereum-etf-LDr6LDXLjnLXjUY3JpbT

Ether Soars After BlackRock Files for Spot Ethereum ETF

The price of ether surged more than 9% Thursday after BlackRock filed paperwork with the Securities and Exchange Commission Thursday for a spot exchange-traded fund based on the cryptocurrency.

Ether was trading at around $2,060 as of 5 p.m. ET, the highest level since April, according to Dow Jones Market Data. The in-house token of the Ethereum blockchain has gained 72% this year.

The ETF would hold the second-largest cryptocurrency as the underlying asset and track its price. Coinbase Global would be the custodian for the fund's ether holdings, according to the filing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 09, 2023, 09:25:36 PM
Quote from: gib on November 09, 2023, 02:58:48 AM
Yes, although BITCOIN (not "crypto"), although inevitably there will still be some who try to suck out money from BTC into their "crypto" scams.  We might see a few coins with legitimate prospects rebound hard on the back of a BTC boom - for example, Chainlink, ETH, Uniswap, Filecoin, Aave, but basically I would suggest, and urge anyone, RIGHT NOW, to secure their status in the world as a wholecoiner. BTC is poised to surge to levels that will make current prices seem a blip.

As for getting money, yes you can "get a job" (or even better start your own business), but you need somewhere to defend that money from the fiat Ponzie scheme - that's where Bitcoin comes in.

If you care for you future, you will stack Sats hard, hodl, educate others, and enjoy the ride we are about to have.

This recent boom was on the back of ETH spot ETF news. ETH yield could potentially be a huge draw for boomers

FOMO got me so I'm chasing  :D  Bought my first big tranche of Alts. Celestia TIA at just under $2.5 (at $2.6 now)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 10, 2023, 03:08:34 AM
Quote from: Flexacon on November 09, 2023, 09:25:36 PM
This recent boom was on the back of ETH spot ETF news. ETH yield could potentially be a huge draw for boomers

FOMO got me so I'm chasing  :D  Bought my first big tranche of Alts. Celestia TIA at just under $2.5 (at $2.6 now)
I don't get the negativity surrounding Ethereum. It basically dominates the crypto market. If you ask the average Joe on the street about crypto all they know about is Bitcoin. But that's good for Ethereum because it means you're still early, before peak Ethereum exposure. It will be interesting to see if Ethereum flips Bitcoin in the next bull run - hopefully we don't have WW3 to screw everyone's plans.  ;D 8)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on November 10, 2023, 03:29:47 AM
Solana will replace Ethereum.
All layers in one Blockchain
Faster, no fees, decentralized, Web3 leader, payment, transactions, smart contracts, NFT champions..

Soon at 80 then 120, 360, 690, 1400 $
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 10, 2023, 03:41:50 AM
Quote from: French on November 10, 2023, 03:29:47 AM
Solana will replace Ethereum.
All layers in one Blockchain
Faster, no fees, decentralized, Web3 leader, payment, transactions, smart contracts, NFT champions..

Soon at 80 then 120, 360, 690, 1400 $
Everything in one layer is a recipe for a disaster. The scalability comes with multiple chains, and it increases decentralization. Soon you'll be able to do a transaction on Ethereum and the cheapest transaction price will be available, without you having to choose which chain the transaction is routed through. I've also heard that Ethereum, Solana, Bitcoin etc. will become more interoperable. I'll have to get up to date with all these developments.

And cheap Ethereum transactions won't destroy the deflation narrative of Ethereum. Because the number of transactions would just increase by a lot more. The goal is to scale Ethereum to be able to support 500 million users, and then beyond that. And one blockchain is not the solution for everything. Solana will have it's place also, as will Bitcoin, obviously. I might get into Solana next year. I am not doing any transactions this year for tax reasons.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on November 10, 2023, 08:13:05 AM
Buy from a hot wallet with your keys in your hard wallet via a third-party payment provider like MoonPay.
Once you become a millionaire, convert it to a stable coin, USD, Baht.
Once you're mentally ready, move to Thailand to live the good life until you die. Open a Thai account, take a Cypriot passport..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 10, 2023, 11:19:47 AM
Quote from: obsidian on November 09, 2023, 01:56:20 PM
Unless the dollar goes caput.

...which we know it is, slowly but surely, each and every second...

https://www.usdebtclock.org/

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 10, 2023, 11:43:38 AM
I will address a few comments here in a single post.

Quote from: Flexacon on November 09, 2023, 09:25:36 PM
This recent boom was on the back of ETH spot ETF news. ETH yield could potentially be a huge draw for boomers

FOMO got me so I'm chasing  :D  Bought my first big tranche of Alts. Celestia TIA at just under $2.5 (at $2.6 now)

Wrong. Here is what you need to understand. The entire "crypto market" revolves around BITCOIN. Bitcoin is the center of the universe, and every alt, shitcoin, crypto etc revolves around its gravitational pull. When Bitcoin rises, the inevitable pattern of idiots thinking they can find an alt to "invest in" (or better yet launch an new alt to scam other suckers).

So, to be very clear, the by far the largest factor of ETH or an alt rising right now, is due to Bitcoin's rise. 

As for why Bitcoin is rising, I explained why this would happen here, exactly one month ago:

Quote from: gib on October 20, 2023, 08:26:03 AM
Well, I'm not much of a fan of technical indicators, but it would pretty obvious that on basic technical alone we are on an upward phase and through the last bear cycle.

Beyond that there are many major drivers at play which are super bullish for BTC demand.

-Conflict in various parts of the world leading to a demand for assets which are fixed in supply, easily divisible, and transferable across boarders.

-Inflation in many parts of the world, devaluing fiat currencies at a noticeable rate.

-Increasing education and awareness among our citizens as to why a global, uncensorable, uncorruptable, secure, digital, store of value and money, perfectly limited in supply, and decentralized, is so so important into the future we are heading.
 
-Numerous US BTC ETF's poised for approval for some of the largest funds in the world, which will result in hundreds of Billions of fund inflows into this asset class.

-Increasing understand and regulatory and technical and philosophical and economic understanding as to the difference betwen Bitcoin and "cryptos".

- The 2024 halvening due in around 6 months.

-The increasingly obviousness that the US will (and has almost no choice but to) embark on greater money printing than ever before.

-Ai increasingly making use of BTC as a base layer store of value.

-Countries globally looking to increase income taxes.

...all of which, when you combine with even just a slight increase of demand for this very unique limited in supply  asset class, will lead to a MASSIVE upward movement once FOMO takes hold (which will gradually build up and then abruptly take hold and explode in a positive loop upward price cycle).

Oh, and major financial players coming out strongly in support of Bitcoin as the supreme asset class, different and better than all others. Here is a good example, an interview with Fidelity.

i=0vzC9-RkOR5HXg5N

Since that post by the way, BTC has risen from 26K, to 37K. Needless to say, I nailed it.

Regarding this statement:

Quote from: obsidian on November 10, 2023, 03:08:34 AM
Ethereum ... basically dominates the crypto market. If you ask the average Joe on the street about crypto all they know about is Bitcoin. But that's good for Ethereum because it means you're still early, before peak Ethereum exposure. It will be interesting to see if Ethereum flips Bitcoin in the next bull run - hopefully we don't have WW3 to screw everyone's plans.  ;D 8)


You need to understand that NOTHING can "flip Bitcoin". There is only one Bitcoin, so its really a non-sensical statement you have made. It blows my mind that despite this very long thread you still don't seem to "get it".

As for the "average Joe on the street", (or in my case more likely a nice dinner conversation with older and relatively smart by not overly informed people), what I find is that they are typically try to respond with something that sounds intelligent such as "oh well, I think Ethereum is better than Bitcoin because ... it's smart contracts". Again in reality totally showing their ignorance.

Quote from: obsidian on November 10, 2023, 03:41:50 AM
Everything in one layer is a recipe for a disaster. The scalability comes with multiple chains, and it increases decentralization. Soon you'll be able to do a transaction on Ethereum and the cheapest transaction price will be available, without you having to choose which chain the transaction is routed through. I've also heard that Ethereum, Solana, Bitcoin etc. will become more interoperable. I'll have to get up to date with all these developments.


Correct, on your comment regarding the problems of everything on one layer. Try and do all these things in a single protocol, and (just like if you were to mix up all your ingredients in the fridge at once to make a nice meal), you end up with a pile of shit.

As for interoperable, yes, Eth and Solana etc will all obviously have to interact with BTC as the ultimate global store of value base-layer.

Quote from: obsidian on November 10, 2023, 03:41:50 AM
I am not doing any transactions this year for tax reasons.

With all options available in the world today, why on earth would you have structured yourself so that you are paying tax? There is currently zero reason why anyone today should be paying tax, unless they want to.
 
Quote from: French on November 10, 2023, 08:13:05 AM
Buy from a hot wallet with your keys in your hard wallet via a third-party payment provider like MoonPay.
Once you become a millionaire, convert it to a stable coin, USD, Baht.
Once you're mentally ready, move to Thailand to live the good life until you die. Open a Thai account, take a Cypriot passport..

Kind of, except they last thing you should be doing is converting BTC to fiat, ever, except perhaps in very small amounts as needed to spend in a particular country. The rest of your suggestions here are fine.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 10, 2023, 02:04:36 PM
Quote from: gib on November 10, 2023, 11:43:38 AM
I will address a few comments here in a single post.

Wrong. Here is what you need to understand. The entire "crypto market" revolves around BITCOIN. Bitcoin is the center of the universe, and every alt, shitcoin, crypto etc revolves around its gravitational pull. When Bitcoin rises, the inevitable pattern of idiots thinking they can find an alt to "invest in" (or better yet launch an new alt to scam other suckers).

So, to be very clear, the by far the largest factor of ETH or an alt rising right now, is due to Bitcoin's rise. 


We are talking different timelines. You're talking the last 30 days and I'm talking about the last 48 hours.

ETH pumped on spot ETF news and pulled up ETH trading pairs with it. I was watching it happen in real time as I have nothing better to do. Tracked it from the source breaking the news to the masses and then the corresponding price increases.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 10, 2023, 03:35:34 PM
Quote from: Flexacon on November 10, 2023, 02:04:36 PM
We are talking different timelines. You're talking the last 30 days and I'm talking about the last 48 hours.

ETH pumped on spot ETF news and pulled up ETH trading pairs with it. I was watching it happen in real time as I have nothing better to do. Tracked it from the source breaking the news to the masses and then the corresponding price increases.
He is a BTC Maxi. Nothing will change his mind, even if Ethereum flips Bitcoin's market cap.

Look at the 3 and 5 year returns.

3-YEARS:

BTC  =  +143,94%
ETH  =  +369.19%

5-YEARS:
BTC  =  +355.55%
ETH  =  +347.48%

These numbers can change at any point as we move along the timeline. Look at BNB and Solana! If you bought BNB 3 years ago or 5 years ago your portfolio would have outperformed BTC and ETH by a huge amount! We're talking about a 4.5 - 5.5X over BTC gains! It also outperformed ETH by a huge margin. I have BNB and bought it at $8 and converted some cryptos to BNB over the years. Just wish I bought a lot more when it was that cheap. But tribalism and my ETH tunnel vision prevented that. Yes, some of us also suffer from ETH Maximalism!  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 10, 2023, 03:42:13 PM
Quote from: gib on November 10, 2023, 11:43:38 AM
You need to understand that NOTHING can "flip Bitcoin". There is only one Bitcoin, so its really a non-sensical statement you have made. It blows my mind that despite this very long thread you still don't seem to "get it".
---------------
As for the "average Joe on the street", (or in my case more likely a nice dinner conversation with older and relatively smart by not overly informed people), what I find is that they are typically try to respond with something that sounds intelligent such as "oh well, I think Ethereum is better than Bitcoin because ... it's smart contracts". Again in reality totally showing their ignorance.
---------------
With all options available in the world today, why on earth would you have structured yourself so that you are paying tax? There is currently zero reason why anyone today should be paying tax, unless they want to.
 
We'll see about the flippening. Nothing is set in stone in the Universe. Maybe it does not happen - let's see.

Most people I talk to don't even know about Ethereum. My neighbor bought Bitcoin. I know an older lady that bought BTC at the peak in 2017. A lot of people that know about ETH can't spell Ethereum either. It's usually Etherium.

Regarding taxes. I do deduct business expenses. But I keep it legit and it is not wise to try and cheat the IRS. If I was not married and had no connections where I live, then sure I would move to a tax haven. But some of us have families or work connections grounding us where we are. If you live in the USA then you will have to pay taxes. Unless you want the IRS up your ass.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Kindasmelly on November 10, 2023, 03:44:48 PM
obsidian, do you trade forex on the regular?
I got into trading futures but only on the ES presently as Im still in learning stages
A super good guy gifted me Jigsaw Trading software and holy, what a huge stepup from watching candles and price action

anyways, Im just curious if you are trading forex or anything else
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 10, 2023, 04:15:19 PM
Quote from: Kindasmelly on November 10, 2023, 03:44:48 PM
obsidian, do you trade forex on the regular?
I got into trading futures but only on the ES presently as Im still in learning stages
A super good guy gifted me Jigsaw Trading software and holy, what a huge stepup from watching candles and price action

anyways, Im just curious if you are trading forex or anything else
I am not trading currently because it becomes a tax issue. And I already have enough taxable income fees for 2023 that I don't want to increase via more capital gains transactions. I'll look into that though in 2024. Right now I am content with earning staking yields via Ethereum, Cardano, and BNB. Hopefully I can get some Solana in 2024 - if cash flow will allow it. Or I might have to sell some crypto (and deal with capital gains), to get some Solana exposure. I keep saying I need to get some BTC but am never happy with the ratios and when it does turn favorably I don't make a move either - lol!

I traded a lot in 2017, 2018 & 2020 and spent a lot of time retracing my steps via online tax services to get my cost basis in order. But it was amazing how I could retrace it. I did some weird transactions. For example, I was mining Ethereum on a pool where I needed more hash power. So I swapped some Ethereum and ZCash for BTC via Coinbase / Binance and personal wallets to ShapeShift and ultimately NiceHash. On NiceHash I bought hashing power via BTC - they only accepted Bitcoin. I was able to retrace all those steps, because all the transactions are transparent. A benefit governments surely can appreciate.  There are of course privacy coins that can help conceal transactions - Monero and ZCash for example.

Binance.US btw worked great for me in 2020/2021. Made some nice house money via ETH / Doge swaps.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 11, 2023, 01:48:46 AM
Quote from: Flexacon on November 10, 2023, 02:04:36 PM
We are talking different timelines. You're talking the last 30 days and I'm talking about the last 48 hours.

ETH pumped on spot ETF news and pulled up ETH trading pairs with it. I was watching it happen in real time as I have nothing better to do. Tracked it from the source breaking the news to the masses and then the corresponding price increases.

Yes, you are correct there. However the key point I was making is that the key factor in the short and medium term for any alt, is inflows into BTC. That will be the vast determinant of how any alt performs. For Eth, unlikely any sport ETF would be approved any time soon, but yes an application (which in theory anyone can file) can have influence on sentiment, especially if from a large reputable name in finance.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 11, 2023, 02:16:51 AM
Quote from: obsidian on November 10, 2023, 03:35:34 PM
He is a BTC Maxi. Nothing will change his mind, even if Ethereum flips Bitcoin's market cap.

Look at the 3 and 5 year returns.

3-YEARS:

BTC  =  +143,94%
ETH  =  +369.19%

5-YEARS:
BTC  =  +355.55%
ETH  =  +347.48%

These numbers can change at any point as we move along the timeline. Look at BNB and Solana! If you bought BNB 3 years ago or 5 years ago your portfolio would have outperformed BTC and ETH by a huge amount! We're talking about a 4.5 - 5.5X over BTC gains! It also outperformed ETH by a huge margin. I have BNB and bought it at $8 and converted some cryptos to BNB over the years. Just wish I bought a lot more when it was that cheap. But tribalism and my ETH tunnel vision prevented that. Yes, some of us also suffer from ETH Maximalism!  ;D

I wish you would read what I posted in this thread so that I do not need to repeat myself.

I could create an alt in 30 seconds, issue 1 Billion tokens, sell one to you for $100, and Boom we got a new alt with a 100 Billion dollar market cap.

BTC maximalism does not mean that you cannot consider securities, whether registered or unregistered, as viable investments. Indeed, if you understood this basic formula, then you could actually make an educated calculation as to the value of many types of alts:

T(1)      1
___  X ___
V(t)      S(t)

However, what BTC is, and what you need to understand, is that BTC is something entirely different from all other alts. Compared to ETH in particular, you need to understand that ETH does not operate on a proof of work model. Further, it is not decentralized. Further, some coins were pre-mined and retained by the issuers. And it was never intended or created to be a store of value as its sole and fundamental function - rather Eth is a token designed to used as a payment for work done supporting its blockchain. You are comparing and conflating 2 entirely different types of technologies.

The vast vast influence on the price of Eth is simply sentiment spillover from Bitcoin, not based on any fundamental valuation based on tokenomics. If you really want an "alt" who's value truly is supported by fundamentals, look into Filecoin. Trust me, you will thank me big time if you buy/hodl Filecoin. But either way, I suggest anyone really needs understand why they would buy anything, beyond just "oh well I think it will go up". Unless you are really just gambling for fun, literally akin to punting at a casino, stick to Bitcoin. Again, you will thank me in the long term.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 11, 2023, 02:24:48 AM
Quote from: obsidian on November 10, 2023, 03:42:13 PM

Regarding taxes. I do deduct business expenses. But I keep it legit and it is not wise to try and cheat the IRS. If I was not married and had no connections where I live, then sure I would move to a tax haven. But some of us have families or work connections grounding us where we are. If you live in the USA then you will have to pay taxes. Unless you want the IRS up your ass.

Yes, that is the decision we all have to make. Bear in mind, you are being taxed not just on your business profits, but also indirectly via the depreciation of the USD. And the irony of course is that BTC is your defense against that, which you seem worried about buying due to tax implications.

Its very easy to just buy BTC peer to peer, with the IRS being none the wiser. I would strongly urge you to consider doing this.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on November 11, 2023, 10:32:08 AM
 8)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 11, 2023, 11:37:39 AM
Quote from: gib on November 10, 2023, 11:43:38 AM
I will address a few comments here in a single post.

With all options available in the world today, why on earth would you have structured yourself so that you are paying tax? There is currently zero reason why anyone today should be paying tax, unless they want to.

Blockchain created the ultimate taxation tool. 100% total traceability, totally visible and taxable. It stands against everything BTC maxis push which is to avoid taxes.

Structures to avoid tax are mostly fraudulent. Because there is no upfront test, your structure only gets tested under audit so you don’t know until you test it. The cleanest is to move to a low tax region.

Even the Deloitte partners here pay taxes around 8% if they’re going full on. They all use trusts and pay family members then investment properties drive it lower. But what they don’t tell you is those family members don’t work otherwise they’d be taxed……. so now you’re carrying unemployed people which means you are a top 1% earner in the country. Can’t do that for the 99% who earn fuck all in comparison.

Saylor pushed tax avoidance hard. People followed his advice and went into yielding, the companies went belly up and many lost their coins as a result, like I said it’s mostly fraudulent whether it’s the owner directly or the third party.

Saylor also said he would take debt against collateral to pay for living, his business issued junk bonds which he cannot do anymore so he resulted to diluting shares and has currently fucked over multiple investors…… fraudulent? No. Deceitful? Very. Now people who actually backed his business strategy are -50% down after 3yrs and the guy doesn’t care.

I don’t know of anyone not paying tax on earnings in my country who is over the tax free threshold that isn’t fraudulent. I have heard countless stories of people who thought they were super smart and had a strategy who then got fined or jailed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 11, 2023, 11:00:27 PM
Quote from: Mayday on November 11, 2023, 11:37:39 AM
Blockchain created the ultimate taxation tool. 100% total traceability, totally visible and taxable. It stands against everything BTC maxis push which is to avoid taxes..

I disagree.

Yes, every transaction performed with bitcoin is visible on the distributed public ledger known as the blockchain. But there are no identities of anyone recorded on the blockchain.

It is for this reason that BTC is best described as being pseudonymous. However, if you decide to disclose your identity (for example buying via a bank which records the identity of the buyer/seller, then yes, depending on how good the AML / KYC data is which the collected, your identity could be ascertained, and then, depending on how compliant that financial institution is, your data could be passed to tax authorities' in your countries, and then depending on how good their algorithms are, you could be identified as having a tax liability (depending of course on what the applicable tax laws are in your country). As you can see, quite a few dependencies here.

So, if in your country, you are worried about being identified with a transaction, then buy BTC anonymously. Simple. A big chunk of the BTC I hold is in a wallet not in any way identified to me. So no authority knows I own it, and no authority will know if I ever exchange it for any good/service/fiat currency, depending of course on how I make this transaction.

We also have seen the proliferation of BTC privacy tools, such as mixing and tumbling services. And remember, more recently we had the Taproot upgrade which also enables your transactions to stay anonymous. And on top of this, we in any case will see more and more day to day transactions on the Lightening network, which adds a further layer of inability to easily trace transactions on a layer above Bitcoin.

Good basic article on this topic here:

https://www.coincenter.org/education/crypto-regulation-faq/how-anonymous-is-bitcoin/

Basically, how much of your identity you decide to associate with your Bitcoin transactions is up to you.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 12, 2023, 02:46:40 AM
Quote from: gib on November 11, 2023, 11:00:27 PM
I disagree.

Yes, every transaction performed with bitcoin is visible on the distributed public ledger known as the blockchain. But there are no identities of anyone recorded on the blockchain.

It is for this reason that BTC is best described as being pseudonymous. However, if you decide to disclose your identity (for example buying via a bank which records the identity of the buyer/seller, then yes, depending on how good the AML / KYC data is which the collected, your identity could be ascertained, and then, depending on how compliant that financial institution is, your data could be passed to tax authorities' in your countries, and then depending on how good their algorithms are, you could be identified as having a tax liability (depending of course on what the applicable tax laws are in your country). As you can see, quite a few dependencies here.

So, if in your country, you are worried about being identified with a transaction, then buy BTC anonymously. Simple. A big chunk of the BTC I hold is in a wallet not in any way identified to me. So no authority knows I own it, and no authority will know if I ever exchange it for any good/service/fiat currency, depending of course on how I make this transaction.

We also have seen the proliferation of BTC privacy tools, such as mixing and tumbling services. And remember, more recently we had the Taproot upgrade which also enables your transactions to stay anonymous. And on top of this, we in any case will see more and more day to day transactions on the Lightening network, which adds a further layer of inability to easily trace transactions on a layer above Bitcoin.

Good basic article on this topic here:

https://www.coincenter.org/education/crypto-regulation-faq/how-anonymous-is-bitcoin/

Basically, how much of your identity you decide to associate with your Bitcoin transactions is up to you.
Your proposal is completely unworkable. And I am not moving to some Asian third world to try and avoid paying taxes.

If you plan on holding BTC and never sell it ever then sure, you can hide what you have and never enjoy any of it. Then you might as well buy a painting and put it up on a wall and look at it every year until you die. For people that want to own crypto but also use it down the road to buy whatever is needed there is really no alternative than to come clean with your holdings. Especially if you live in USA, Australia or any other place that requires that you pay taxes. Tax fraud is serious and can land you in the slammer here. How are you going to for example convert $100,000 worth of BTC to fiat? Who will you trust if it is not KYC? How will you explain the $100,000 that ended up in your bank account. If you don't have a bank account, how to you get the fiat? Maybe you get screwed out of your BTC because you went to a back alley?! lol!

For US Citizens, the IRS can show up and ask how you paid for that car, the stereo, the house, your food, etc. The list goes on. Until tax laws change the best most of us can do is deduct legitimate business expenses or hold on to stock or crypt long term to avoid capital gains tax. But in the end you get taxed on it one way or another. My father-in-law has tax free municipal bonds but he's getting a lower interest rate to make up the difference. One way or another you get hit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 12, 2023, 06:31:07 AM
Quote from: obsidian on November 12, 2023, 02:46:40 AM
Your proposal is completely unworkable. And I am not moving to some Asian third world to try and avoid paying taxes.

If you plan on holding BTC and never sell it ever then sure, you can hide what you have and never enjoy any of it. Then you might as well buy a painting and put it up on a wall and look at it every year until you die. For people that want to own crypto but also use it down the road to buy whatever is needed there is really no alternative than to come clean with your holdings. Especially if you live in USA, Australia or any other place that requires that you pay taxes. Tax fraud is serious and can land you in the slammer here. How are you going to for example convert $100,000 worth of BTC to fiat? Who will you trust if it is not KYC? How will you explain the $100,000 that ended up in your bank account. If you don't have a bank account, how to you get the fiat? Maybe you get screwed out of your BTC because you went to a back alley?! lol!

For US Citizens, the IRS can show up and ask how you paid for that car, the stereo, the house, your food, etc. The list goes on. Until tax laws change the best most of us can do is deduct legitimate business expenses or hold on to stock or crypt long term to avoid capital gains tax. But in the end you get taxed on it one way or another. My father-in-law has tax free municipal bonds but he's getting a lower interest rate to make up the difference. One way or another you get hit.

Not unworkable at all. I know from the experience of myself and many around me.

First of all, almost anyone in a developed country are there by choice. Even those of us with the misfortune (from a tax perspective) are were born Americans can give up our US citizenship and acquire another. In Asia, you have many choices, including Hong Kong and Singapore (both more commercially and financially sophisticated than Australia). Or you can just structure your time out of a country so you are no longer considered a tax resident.

BTC is meant for HODLing, So yes, what we ALL should be doing is buying BTC and hodling for long term appreciation. Even Chinese who are carefully monitored, store their wealth in BTC. First thing many Chinese do when arriving in HK is to  buy BTC OTC (Over the Counter), with zero ability for anyone, including the CCP, to know the identity of their wallet. From there they can transport their wealth to anywhere in the world as needed (or draw upon it as needed in the future). Again, all totally untracked.

There are obvious advantages with BTC over art or physical gold, including transportability, divisibility, and frictionless liquidity to sell at any time in any amount.

Further, you can chose to live in countries where BTC gains are not taxed (being treated as a capital gain, in a country where there is no capital gains tax). Singapore and HK and New Zealand or Dubai are good examples for you in Asia. And many choices in Europe tax haven countries. You don't need to reside in a tax haven full time. What I do is reside for residency purposes in a tax haven, and then just travel as I wish.

As for converting BTC into fiat, may ways to do it without being identified. I have converted BTC to cash in many countries - All over Asia, Europe, Latin America, including also Australia. Not once have I had a problem. I have a friend who bought an apartment in Thailand with BTC, no questions asked. Another friend bought an apartment in Malta. And a 3rd bought 3 villas in Bali, Indonesia. All with BTC. I have a friend in Ibiza who is a yacht broker. They also do the occasional BTC deals for sales of boats. I also have a Bitcoin Visa card, which I registered in my resident location. I then can fund this with BTC and can spend it anywhere in fiat, no questions asked.

But yes, if you are in a heavily controlled country, then putting 100K into your bank without explaining the source, may result in questions. In my case, if I came to Australia, as a non-resident, I could indeed open a bank acct and deposit 100K in BTC proceeds into it, with zero tax as there was no income earned in Australia. There might however be questions as to the source of the income (and there I of course have appropriate documents I could produce from my accountant that would satisfy that the source of the income is not illicit).

And what if you were in a country, where you would be worried about being scrutinized as to how you acquired certain assets? Well that's easy - when you are ready you go overseas where your money is more welcome and your freedom is greater, in the meantime only spending freely on items that will draw less attention - dinners, clubs, clothing, or become more "creative" in being able to show the source of funds (not that I necessarily recommend that).

The irony here, is that those in highly taxed jurisdictions probably need BTC most, yet may be deterred because of tax laws, and as a result miss out on massive wealth gains as BTC adoption grows. Meanwhile, far less sophisticated people sih as Africans, Asians, Middle East Arabs, Jews, Eastern Europeans are all stacking sats without fear, and will get a massive headstart on the BTC adoption curve.  My advice, is to acquire peer to peer. The more and the sooner, the better. Hodl. In this next cycle I believe we will get another "0" to over 100K by 2025. And then in the cycle after that, I believe we will get to over 1 million in 2029. In the meantime, use your time to be productive in earning an income in the country you reside in, and of course also continue to educate others on BTC. In time, the BTC will increase so very significantly such that the huge gain you have, will be a "nice problem to have" which you won't be complaining about.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on November 12, 2023, 07:41:12 AM
Quote from: gib on November 11, 2023, 11:00:27 PM
I disagree.

Yes, every transaction performed with bitcoin is visible on the distributed public ledger known as the blockchain. But there are no identities of anyone recorded on the blockchain.

It is for this reason that BTC is best described as being pseudonymous. However, if you decide to disclose your identity (for example buying via a bank which records the identity of the buyer/seller, then yes, depending on how good the AML / KYC data is which the collected, your identity could be ascertained, and then, depending on how compliant that financial institution is, your data could be passed to tax authorities' in your countries, and then depending on how good their algorithms are, you could be identified as having a tax liability (depending of course on what the applicable tax laws are in your country). As you can see, quite a few dependencies here.

So, if in your country, you are worried about being identified with a transaction, then buy BTC anonymously. Simple. A big chunk of the BTC I hold is in a wallet not in any way identified to me. So no authority knows I own it, and no authority will know if I ever exchange it for any good/service/fiat currency, depending of course on how I make this transaction.

We also have seen the proliferation of BTC privacy tools, such as mixing and tumbling services. And remember, more recently we had the Taproot upgrade which also enables your transactions to stay anonymous. And on top of this, we in any case will see more and more day to day transactions on the Lightening network, which adds a further layer of inability to easily trace transactions on a layer above Bitcoin.

Good basic article on this topic here:

https://www.coincenter.org/education/crypto-regulation-faq/how-anonymous-is-bitcoin/

Basically, how much of your identity you decide to associate with your Bitcoin transactions is up to you.


LOL
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 12, 2023, 11:35:13 AM
Quote from: gib on November 11, 2023, 11:00:27 PM
I disagree.

Yes, every transaction performed with bitcoin is visible on the distributed public ledger known as the blockchain. But there are no identities of anyone recorded on the blockchain.

It is for this reason that BTC is best described as being pseudonymous. However, if you decide to disclose your identity (for example buying via a bank which records the identity of the buyer/seller, then yes, depending on how good the AML / KYC data is which the collected, your identity could be ascertained, and then, depending on how compliant that financial institution is, your data could be passed to tax authorities' in your countries, and then depending on how good their algorithms are, you could be identified as having a tax liability.

Good basic article on this topic here:

https://www.coincenter.org/education/crypto-regulation-faq/how-anonymous-is-bitcoin/

Basically, how much of your identity you decide to associate with your Bitcoin transactions is up to you.

You are looking too short term.

It’s a ledger for all movements meaning shit you did will always be visible forever. The tax authority just need your name so your assumption is you can be nameless for the rest of your life.

Dude, We have digital identification  coming inside the next 2yrs and you will be visible like a MOFO meaning the odds you get ID squeezed are 100%.

Any exchange to exit to a bank is KYC so you will never be able to off ramp. Defi is going to become KYC. Wallet KYC is also coming. Crypto cards will become KYC once the digital ID comes out. You want to sell P2P you’ll transact with people who are KYC and your wallet address will be visible to all the transactions you did.

Your only option as you get ID squeezed is to go P2P and scour the internet….. but you’ll need to ensure you have VPN 100%….. but for that you can never turn off your PC because it’ll log into Microsoft/Apple and they’ll have your name…. You can never use a mobile device because the imea is registered to you…..

  it’s soooo easy to ping people using on/off ramps and once digital ID for internet is there you won’t be able to access jack ever again. If you do, they’ll have your name, your wallet and 100% of your tax evasion history.

In a nutshell this is the worst time in history for anyone to think they’re going to be ahead of the curve for tax evasion. Just move to a tax haven, if that doesn’t make sense, pay your taxes and move on with life.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 13, 2023, 01:39:03 AM
Quote from: Mayday on November 12, 2023, 11:35:13 AM
You are looking too short term.

It’s a ledger for all movements meaning shit you did will always be visible forever. The tax authority just need your name so your assumption is you can be nameless for the rest of your life.

Dude, We have digital identification  coming inside the next 2yrs and you will be visible like a MOFO meaning the odds you get ID squeezed are 100%.

Any exchange to exit to a bank is KYC so you will never be able to off ramp. Defi is going to become KYC. Wallet KYC is also coming. Crypto cards will become KYC once the digital ID comes out. You want to sell P2P you’ll transact with people who are KYC and your wallet address will be visible to all the transactions you did.

Your only option as you get ID squeezed is to go P2P and scour the internet….. but you’ll need to ensure you have VPN 100%….. but for that you can never turn off your PC because it’ll log into Microsoft/Apple and they’ll have your name…. You can never use a mobile device because the imea is registered to you…..

  it’s soooo easy to ping people using on/off ramps and once digital ID for internet is there you won’t be able to access jack ever again. If you do, they’ll have your name, your wallet and 100% of your tax evasion history.

In a nutshell this is the worst time in history for anyone to think they’re going to be ahead of the curve for tax evasion. Just move to a tax haven, if that doesn’t make sense, pay your taxes and move on with life.

Mayday - you are right that moving to a tax haven is the easiest solution.

However you are wrong that "It’s a ledger for all movements meaning shit you did will always be visible forever. The tax authority just need your name so your assumption is you can be nameless for the rest of your life."

Again, what they need is both your name, and then to associate that name with private keys. So long as you keep these separate you are fine.

You can use BTC to make a purchase for goods / service or exchange for fiat anywhere in the world. Yes, if you do this via a KYC compliant financial institution in which you are a tax resident, then of course you are risk of being identified. In which case, you either need to go peer to peer, or just spend your Sats safe overseas jurisdictions if you wish to avoid that risk

There as so many ways for you right now to gets Sats and store these safely. Just one example - last time I was in Macau on a boys trip I saw so many mainland Chinese. They use their credit card to buy 100K Rolex's or jewelry. Right next door to these shop there is a shop which "buys back" what they just bought at a 1-2% discount for cash. And right next to that shop is a BTC OTC shop, that allows them to buy Bitcoin, which they store on a hard wallet. They then have the ability to spend this at any time in the future, in any country they with. The BTC they have bought is in no way identifiable to them and can't be seen or seized by the CCP.

You ae a smart guy mate. If those Chinese can figure it out, I am sure you can too.

Either way, I think we can both agree that fear of taxes is not any reason to not buy this incredibly important asset.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 13, 2023, 12:26:37 PM
Quote from: gib on November 13, 2023, 01:39:03 AM
Mayday - you are right that moving to a tax haven is the easiest solution.

However you are wrong that "It’s a ledger for all movements meaning shit you did will always be visible forever. The tax authority just need your name so your assumption is you can be nameless for the rest of your life."

Again, what they need is both your name, and then to associate that name with private keys. So long as you keep these separate you are fine.

You can use BTC to make a purchase for goods / service or exchange for fiat anywhere in the world. Yes, if you do this via a KYC compliant financial institution in which you are a tax resident, then of course you are risk of being identified. In which case, you either need to go peer to peer, or just spend your Sats safe overseas jurisdictions if you wish to avoid that risk

There as so many ways for you right now to gets Sats and store these safely. Just one example - last time I was in Macau on a boys trip I saw so many mainland Chinese. They use their credit card to buy 100K Rolex's or jewelry. Right next door to these shop there is a shop which "buys back" what they just bought at a 1-2% discount for cash. And right next to that shop is a BTC OTC shop, that allows them to buy Bitcoin, which they store on a hard wallet. They then have the ability to spend this at any time in the future, in any country they with. The BTC they have bought is in no way identifiable to them and can't be seen or seized by the CCP.

You ae a smart guy mate. If those Chinese can figure it out, I am sure you can too.

Either way, I think we can both agree that fear of taxes is not any reason to not buy this incredibly important asset.

That’s the first mistake. Your computer, your household, your wallet. Not providing a password is not solid proof it isn’t yours lol 😂  there was a case which hit the media a while ago involving a drug dealer who had a boatload of BTC. Authorities attempted to force him to give up the keys, he wouldn’t, they chucked him in jail anyway for a long time. It didn’t matter whether he gave the password or not.

We know from a big case of that music file sharing site decades ago Napster, the kids would illegally download music and they charged the Mum because it was her house, her computer. The defence was it was her kid’s friend when he was over and wasn’t her, the court didn’t give a shit and she was guilty of fraud and fined a spastic amount of money. The key part being Obviously it wasn’t the Mum.

So it’ll be your name, your house, your computer, your phone, your iPad…… but your defence will be ‘it’s not mine because I don’t know the password and all my friends use my things…..’ dude that doesn’t stack up in the slightest so don’t even think that passes level 1 criminal minds. Keep in. Mind you are committing fraud even using that defence which is a criminal act in itself.

The other part you outlined of fraud in Macau….. doesn’t really help me if I don’t live in Macau lol 😂 say I buy a Molex for 100k, pawn it for 98k, then what? Buy 98k of groceries? Buy 490 x $200 gift cards for a shops in Macau? I can’t take over 10k Aussie pesos back home. Let’s say I fly over to Maccau, buy a Molex and get my 10k cash, fly home. I don’t have to declare my 10k cash so I stand in line and pray like a drug mule I don’t get picked to be examined.

I’ll get flagged for having cash even if under 10m if they check me so the Odds increase of being picked aside after that increase. So you would vary my amounts between 3k and 10k all claiming gambling. Now I’m spending 3k per trip to bring back 10k which is a 30% tax rate which is what I can pay locally without all this fucking around. The tax frauds will say ‘oh but you get a holiday, eat out and enjoy the money whole there’ no! Just no! Amway and pyramid schemes drive the exact same message ‘it’s tax deductible so it’s awesome’……  no, I wanted laundered tax fraud money, not piss it down the drain because the reality is you can’t get it back home ie the method doesn’t work.

People might argue gift cards or prepaid credit cards can be used, no, you can’t bring back 100k in prepaid credit cards pretending it’s not the same as cash and be a normal citizen. money laundering taskforce will be all over you like a rash.

I can come up with a solid plan no doubt but I’m saying for average people it can’t be done. They’ll fuck it up and get fined or jailed. Tax fraud on as little as 2k here will get you an 8k fine if it’s blatant. Not worth the risk.

tax fraud is not a benefit of Bitcoin. We agree it’s a digital gold.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Schadenfreude on November 15, 2023, 01:54:20 PM
I missed the bitcoin train. Forever broke. :-\
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 16, 2023, 12:12:06 AM
Quote from: Schadenfreude on November 15, 2023, 01:54:20 PM
I missed the bitcoin train. Forever broke. :-\

You didn't miss it mate. This train will keep going for decades. Get on board now.

When this thread started I advised everyone here to at least get to one coin to secure their future - to become a wholecoiner. At that time a coin was less then USD 5K. Now its 7x that.

BTC is a freedom tool, and that freedom that you get exist no matter what price you buy at.

But as a value preservation tool, BTC's rise will continue for ever, and that value will massively grow both due to adoption of a limited in supply asset over time, as well as due to debasement of fiat currency purchasing power in real terms.

So, my advice to you is BUY NOW. (And either way, remember this advice when BTC hits 100K, which with time, it will. Eihter you will be thanking yourself for acting now, or kick yourself for failing to act when you could have).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on November 16, 2023, 12:45:28 AM
Solana to the moon
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 16, 2023, 01:01:38 AM
There are many companies which have technology which will be useful in the future.

Ideally you invest in companies which have good prospects of a future return, and who have legitimately issued tradable shares, and not, like Solana, who are engaged in securities fraud (issuing unregistered securities, failure to comply with listing rules, etc), for obvious reasons.

In terms of globally decentralized money, there is only one blockchain that matters, and that is Bitcoin. (Hence the saying, "Bitcoin, not crypto").

https://cointelegraph.com/news/class-action-lawsuit-claims-solana-s-sol-is-an-unregistered-security

https://fortune.com/crypto/2023/06/08/solana-foundation-denies-that-sol-is-a-security/

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 16, 2023, 11:57:04 AM
Interesting discussion in this video. The alts are pumping because BTC and ETH did not dump as hard in 2022. Especially ETH. So now all those hodlers are sitting on their stash. Meanwhile, the degens that sold their alts are now getting back in. If the BTC ETFs and later ETH ETFs are approved, the money will flow to those two. Not sure if the degens buying alts now will be able to compete with the ETF inflows. We'll see.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 16, 2023, 04:10:54 PM
Quote from: obsidian on November 16, 2023, 11:57:04 AM
Interesting discussion in this video. The alts are pumping because BTC and ETH did not dump as hard in 2022. Especially ETH. So now all those hodlers are sitting on their stash. Meanwhile, the degens that sold their alts are now getting back in. If the BTC ETFs and later ETH ETFs are approved, the money will flow to those two. Not sure if the degens buying alts now will be able to compete with the ETF inflows. We'll see.



The masses front running the ETF aye?

What are the current BTC peak price targets?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 16, 2023, 11:36:50 PM
Quote from: Mayday on November 16, 2023, 04:10:54 PM
The masses front running the ETF aye?

What are the current BTC peak price targets?
Yes. But they are looking for degen gains with the alts. The ETF money will only go to BTC, and perhaps ETH if there is a spot approved for it. Can't go anywhere else because the alts won't have spot ETFs for a while.

I've read so many BTC peak price targets for the next bull run lol! But I think it should at least go past $100-120K. Will be interesting to see how it pans out.

Arthur Hayes is fascinating in this interview. I only started watching it and am going to listen to all of it on a long drive or two. Well worth listening to it I think.



(00:03:44) Rich countries' population decline and looming market disturbances.
(00:13:46) Intellectual disdain for communism and US's Eurasian resource goals.
(00:26:24) Our missed nuclear chance in an oil-dependent world.
(00:31:51) Indonesia's nickel strategy and global trade inequalities.
(00:46:20) The risks of selling low-interest bonds prematurely.
(00:55:39) Real estate lending's decline and bank stability concerns.
(01:05:53) Global debt's impact on long-term bond choices.
(01:19:57) Profiting from low-risk investments in any market.
(01:22:26) Navigating volatile assets with short-term cash safety.
(01:39:24) Predicting a stable economy vs. potential extremes.
(01:46:20) Long-term AI and crypto investments aiming for 2025 liquidity.
(01:56:32) US's self-sufficiency vs. global dollar protection.
(02:13:28) Crypto's resilience amidst crises and fraud.
(02:24:07) Centralized influences on Bitcoin's principles.
(02:25:36) Balancing Bitcoin's core values with mainstream demands.
(02:37:38) Economic collapse concerns.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on November 18, 2023, 01:01:13 AM
Eth finally flipped btc.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Schadenfreude on November 18, 2023, 03:48:46 AM
Will gold lose value after BTC reaches univeral acceptance as a store of value?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 18, 2023, 05:55:24 AM
Quote from: Schadenfreude on November 18, 2023, 03:48:46 AM
Will gold lose value after BTC reaches univeral acceptance as a store of value?

Ask affeman and then go with the opposite of what he says.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Schadenfreude on November 18, 2023, 05:58:29 AM
Quote from: Flexacon on November 18, 2023, 05:55:24 AM
Ask affeman and then go with the opposite of what he says.
Is that Peter Schiff's handle? I get physically uncomfortable listening to that man. Seems very dishonest and untrustworthy. Probably a secret BTC maxi unloading third reich gold on the unwashed masses.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Schadenfreude on November 18, 2023, 06:01:01 AM
On a more serious note, I wonder if BTC can once again crash to near zero in the future if the market decides it is worthless after all.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 21, 2023, 03:34:30 PM
Quote from: Flexacon on February 15, 2023, 07:24:53 PM
Crypto banks were about to get ground into the dust, but got saved by some kinda rescue package from Citadel, Susquehanna and random wealthy crypto bros.

Binance/CZ is about to get a monster fine in the US for compliance issues. It could be up there in the billions.

Crypto has survived the bear market, but I wouldn't be surprised if this pump ends up being exist liquidity for CZ so he can pay that monster fine.

Quote from: Flexacon on July 01, 2023, 10:25:35 AM
It's not that I don't think spot ETFs won't be approved eventually. More that the path towards it will be rocky. Loads of delays and BS hypocrisy as we're already seeing.

I think the sketchy players like CZ, Justin Sun, maybe even Silbert need to be brought to their knees before the spot ETFs are approved. Those guys have too much control over the markets and it's likely spot ETFs will eventually make them the richest men on the planet. I can't see them being allowed to be a part of "Wall St Crypto" so no spot ETFs until they are gone. You can add the Tether mob to this too.

CZ gone. Old leadership of Tether gone (new guy is kissing Washington ass hard) Silbert neck deep in lawsuits. Sun is becoming a peripheral player (maybe China takes him out)

Sometimes I even amaze myself on these types of calls.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Schadenfreude on November 21, 2023, 03:37:37 PM
Quote from: Flexacon on November 21, 2023, 03:34:30 PM
CZ gone. Old leadership of Tether gone (new guy is kissing Washington ass hard) Silbert neck deep in lawsuits. Sun is becoming a peripheral player (maybe China takes him out)

Sometimes I even amaze myself on these types of calls.
After FTX collapsed, the youtube media all said that CZ is next.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on November 21, 2023, 03:41:48 PM
CZ is gone? I've been out of the loop so I haven't seen anything about his downfall.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 21, 2023, 04:25:11 PM
Quote from: a_pupil on November 21, 2023, 03:41:48 PM
CZ is gone? I've been out of the loop so I haven't seen anything about his downfall.
This was a shakedown by the US government. FTX was a huge DNC donor. CZ declined to bail out FTX. They had an axe to grind with him. CZ is not the bad guy the MSM tries to make him out to be. SBF is the bad guy. CZ also helped Elon buy Twitter. The regressive left also doesn't like Elon. Because he tells the truth. Can't have that!

- CZ to step down as CEO of Binance as part of plea deal for violating anti money laundering rules

- CZ will maintain his majority ownership of firm (similar to Arthur Hayes's arrangement with US authorities when he made a deal)

- Binance to pay $4 billion settlement to DOJ; may be allowed to continue to operate
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 21, 2023, 04:33:03 PM
Quote from: Flexacon on November 21, 2023, 03:34:30 PM
CZ gone. Old leadership of Tether gone (new guy is kissing Washington ass hard) Silbert neck deep in lawsuits. Sun is becoming a peripheral player (maybe China takes him out)

Sometimes I even amaze myself on these types of calls.
$4.3 Billion is bribe money. Ivan Tech said yesterday it's a no-brainer that Binance would accept that deal. They can afford it no problem at all. And now the US government will hopefully stop harassing Binance and CZ. I think this was a move for the US to get their claws into Crypto as a hedge. They know US debt is out of control and unfixable. The dollar and other fiat currencies are ultimately doomed. I would be surprised if the US dumps their Bitcoin. They might just hold on to it. And they will be accused of hurting investors if they dump it all.

Regarding CZ being guilty, it's easy to break laws when it's a new industry with a lot of unknowns. CZ probably broke them unknowingly, and anybody can be found guilty with the complex bureaucracy of the US government. They have laws for laws lol! The Deep State and their puppet, the US government, are the biggest crooks in the world! They do not have the moral high ground on anything!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 21, 2023, 04:33:35 PM
Quote from: Schadenfreude on November 21, 2023, 03:37:37 PM
After FTX collapsed, the youtube media all said that CZ is next.
Quote from: obsidian on November 21, 2023, 04:33:03 PM
$4.3 Billion is bribe money. Ivan Tech said yesterday it's a no-brainer that Binance would accept that deal. They can afford it no problem at all. And now the US government will hopefully stop harassing Binance and CZ. I think this was a move for the US to get their claws into Crypto as a hedge.

After FTX the youtubers said Binance would be next. I said Binance would likely survive and they'd look to go after CZ. Binance will now be under U.S. Financial Crimes Enforcement Network  monitoring for the next 5 years. It's basically been neutered or captured depending on how you want to look at it. So that's Coinbase, Binanace, post sam FTX, Kraken and a bunch of others who have been  neutered/captured

They (Wall Street and Washington) want to control narrative and price action so are eliminating the old guard. That's been my theory at least  for a while and it looks to be playing out.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 21, 2023, 04:42:50 PM
Quote from: Flexacon on November 21, 2023, 04:33:35 PM
After FTX the youtubers said Binance would be next. I said Binance would likely survive and they'd look to go after CZ. Binance will now be under U.S. Financial Crimes Enforcement Network  monitoring for the next 5 years. It's basically been neutered or captured depending on how you want to look at it. So that's Coinbase, Binanace, post sam FTX, Kraken and a bunch of others who have been  neutered/captured

They (Wall Street and Washington) want to control narrative and price action so are eliminating the old guard. That's been my theory at least  for a while and it looks to be playing out.
Yes, that's the way it looks like to me. I am still staking ETH and a bunch of other tokens on Binance - lol! Hopefully this hush / bribe settlement will be good for ME!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 21, 2023, 10:50:28 PM
Quote from: Flexacon on November 21, 2023, 04:33:35 PM
After FTX the youtubers said Binance would be next. I said Binance would likely survive and they'd look to go after CZ. Binance will now be under U.S. Financial Crimes Enforcement Network  monitoring for the next 5 years. It's basically been neutered or captured depending on how you want to look at it. So that's Coinbase, Binanace, post sam FTX, Kraken and a bunch of others who have been  neutered/captured

They (Wall Street and Washington) want to control narrative and price action so are eliminating the old guard. That's been my theory at least  for a while and it looks to be playing out.

Bitcoin is going corporate, now doubt about it. Its a twin attack. Kill and take over the unregulated exchanges, and kill the unregistered seciruties alts. Then move over and let the big boys of finance reclaim their rightful place, with BTC as the supreme asset, and the exchanges run by the established powers in finance.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 21, 2023, 11:48:16 PM
Quote from: Flexacon on November 21, 2023, 04:33:35 PM

They (Wall Street and Washington) want to control narrative and price action so are eliminating the old guard. That's been my theory at least  for a while and it looks to be playing out.

You’ve been right.

It’s currently run by a pack of degenerate rug pullers. Absolutely needs to flush out those exchanges. .

Wall St can wreck anybody so The next question is whether they allow the larger coin holders to survive.

Is Saylor worthy?
Is Barry worthy given the SEC hates him and the favoured Blackrock want an ETF?
Are the Winklevoss twins worthy?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 22, 2023, 12:09:59 AM
Quote from: Mayday on November 21, 2023, 11:48:16 PM
You’ve been right.

It’s currently run by a pack of degenerate rug pullers. Absolutely needs to flush out those exchanges. .

Wall St can wreck anybody so The next question is whether they allow the larger coin holders to survive.

Is Saylor worthy?
Is Barry worthy given the SEC hates him and the favoured Blackrock want an ETF?
Are the Winklevoss twins worthy?

Allow me to answer.

Saylor - yes, as he has done everything by the books via a public and SEC compliant company.

Barry - yes.

Gemini - yes, again due to being as regulatory compliant as possible and due to the massive players in finance who hold a stake in the company- they all want their IPO gains.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 22, 2023, 06:00:48 AM
Agree with Saylor being okay, but Barry and the Winklevoss twins have the New York Attorney General going after them right now. She does not want them being allowed anywhere near spot ETFs.

Barry and the Winklevoss twins get fined into oblivion like CZ or the court case drags on and they miss out on all the spot ETF fun. Probably a combination of both.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 22, 2023, 08:16:02 AM
Gemini doesn't need an ETF. They make their money through trading on their exchange,
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 22, 2023, 09:26:58 AM
Quote from: gib on November 22, 2023, 08:16:02 AM
Gemini doesn't need an ETF. They make their money through trading on their exchange,

No one needs an ETF, but they definitely wanted one. Winkles have been chasing a spot ETF for 10 years! Gemini being a custodian for the ETF and collecting fees would be a huge revenue spinner for them.

I'd also argue evidence points to them being a moderately successful exchange at best. Why else would they have launched the Gemini earn product which was only ever gonna earn them peanuts? They were either really greedy or they were desperate for another revenue stream.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Schadenfreude on November 22, 2023, 10:30:03 AM
I still cannot get over the fact I totally missed the bitcoin train. Very sad, many such cases.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 22, 2023, 09:53:51 PM
Food for thought:

https://dailyhodl.com/2023/11/22/trader-unveils-bull-market-price-targets-for-bitcoin-ethereum-solana-and-two-additional-altcoins/

A closely followed crypto analyst is sharing his price targets for Bitcoin (BTC) and four other digital assets.

Pseudonymous analyst Inmortal tells his 201,000 followers on the social media platform X that Bitcoin could soar by more than 255% from its current value in the next bull market.

He also says that Ethereum (ETH) could soar more than 393% from its current value and ETH competitor Solana (SOL) could soar more than 813% from its current value.

Lastly, the trader predicts decentralized oracle provider Chainlink (LINK) could soar more than 1,190% from its current value, and 0x0.ai (0x0), an AI-powered smart contract auditor, could soar more than 3,378% from its current value.

“I don’t usually do this, but here it goes. Bull run (2024-2025) predictions:

BTC: $131,000

ETH: $9,800

SOL: $490

0x0: $4

LINK: $180.”

Looking at Ethereum, the trader predicts that ETH will soon take out recent high prices and cross the $2,100 level within days.

“Sweep the highs first.”
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 22, 2023, 11:51:28 PM
Quote from: Schadenfreude on November 22, 2023, 10:30:03 AM
I still cannot get over the fact I totally missed the bitcoin train. Very sad, many such cases.

I have answered this before. You have not missed anything. You are still ahead of the vast majority of the world. Secure what you can now. If not, then you really will regret it, and you really will be at fault for your own failure to act now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 22, 2023, 11:56:13 PM
Quote from: Flexacon on November 22, 2023, 09:26:58 AM
No one needs an ETF, but they definitely wanted one. Winkles have been chasing a spot ETF for 10 years! Gemini being a custodian for the ETF and collecting fees would be a huge revenue spinner for them.

I'd also argue evidence points to them being a moderately successful exchange at best. Why else would they have launched the Gemini earn product which was only ever gonna earn them peanuts? They were either really greedy or they were desperate for another revenue stream.

Yes, agree. I think their filing may well be approved in the first round - lets see. One distinction is that most of the other applicants are already ETF operators and listed companies. Gemini is neither.

The exchange is very profitable (as far as I know). Yes, offering the "earn" product, obviously, was due to the desire to make more money. It looked good in theory, until it wasn't... They were given false financial information by Genisis Global, but even so, that does not absolve them of their liability or responsibility, and caused a real blow to their credibility. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Schadenfreude on November 23, 2023, 07:29:15 AM
Quote from: gib on November 22, 2023, 11:51:28 PM
I have answered this before. You have not missed anything. You are still ahead of the vast majority of the world. Secure what you can now. If not, then you really will regret it, and you really will be at fault for your own failure to act now.
Is coinbase safe?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Schadenfreude on November 23, 2023, 07:36:06 AM
I put my car up for sale so I can buy btc. Maybe mention in the ad that i  accept btc?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 23, 2023, 03:06:50 PM
Quote from: gib on November 22, 2023, 12:09:59 AM
Allow me to answer.

Saylor - yes, as he has done everything by the books via a public and SEC compliant company.

Barry - yes.

Gemini - yes, again due to being as regulatory compliant as possible and due to the massive players in finance who hold a stake in the company- they all want their IPO gains.

More so a judge of the super wealthy on whether those people deserve to be in their power club.

I outlined Saylor’s strategy. Is it worthy of being next to Bill Gates? Will Bill Gates look at Saylor, judge what he has done and ask him to take a seat?

Barry? been trying to go ETF for years and out of nowhere Blackrock appears and jumped in front of him while the SEC blocked Grayscale. That suggests they don’t want him in the club wouldnt you say?


We agree on BTC and further in the future is where it will likely stretch its legs. But IMO it’s more about the people involved in it right now that Wall St will want to clean out. I don’t think the super rich and powerful want to make the current degens super rich and powerful, easier to fuck it all up now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on November 23, 2023, 03:30:24 PM
Quote from: obsidian on November 22, 2023, 09:53:51 PM
Food for thought:

https://dailyhodl.com/2023/11/22/trader-unveils-bull-market-price-targets-for-bitcoin-ethereum-solana-and-two-additional-altcoins/

A closely followed crypto analyst is sharing his price targets for Bitcoin (BTC) and four other digital assets.

Pseudonymous analyst Inmortal tells his 201,000 followers on the social media platform X that Bitcoin could soar by more than 255% from its current value in the next bull market.

He also says that Ethereum (ETH) could soar more than 393% from its current value and ETH competitor Solana (SOL) could soar more than 813% from its current value.

Lastly, the trader predicts decentralized oracle provider Chainlink (LINK) could soar more than 1,190% from its current value, and 0x0.ai (0x0), an AI-powered smart contract auditor, could soar more than 3,378% from its current value.

“I don’t usually do this, but here it goes. Bull run (2024-2025) predictions:

BTC: $131,000

ETH: $9,800

SOL: $490

0x0: $4

LINK: $180.”

Looking at Ethereum, the trader predicts that ETH will soon take out recent high prices and cross the $2,100 level within days.

“Sweep the highs first.”

How legit is this guy?

Bitcoin to me isn't worth the risk at this point, as it'll most likely be a 2-3x gain.

Potential 5-10x would tempt me to invest in crypto over stocks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 23, 2023, 03:34:48 PM
Quote from: Flexacon on November 22, 2023, 06:00:48 AM
Winklevoss twins get fined into oblivion like CZ or the court case drags on and they miss out on all the spot ETF fun. Probably a combination of both.
They are not part of the tribe.

https://www.reddit.com/r/btc/comments/6kgeuk/are_jews_trying_to_take_over_bitcoin/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 23, 2023, 03:43:20 PM
Quote from: a_pupil on November 23, 2023, 03:30:24 PM
How legit is this guy?

Bitcoin to me isn't worth the risk at this point, as it'll most likely be a 2-3x gain.

Potential 5-10x would tempt me to invest in crypto over stocks.
Nobody knows for how much any of these coins will trade. Bitcoin will not give as many gains as some alts, but the problem is the alts will show those gains for a few days or hours and then dump hard! Doge went up to over 70 cents for a few short hours before Elon appeared on SNL. Then it dumped hard. So it is very risky also. You need to know when to enter and exit.

Many people seem to think this bull market will be epic, dwarfing 2017 and 2021. One guy reckons BTC can go up to $1 million in days if ETF buying commences. And quite a few think crypto is going to crash hard in 2026 and it will be like the great depression from 2026-2030.

Who knows what's going to happen?! This time around I am going to take profits. So far I have paper profits and have dumped over $70k into crypto. I want to at least get back my initial $70k. So I need to sell at least $90-100K. Because I'll have to pay at least 20% taxes on that. I am all for hodling, but enough is enough. I had over $120K in Doge profits alone and because I had "Diamond Hands" I rode it down to $10k -lol! Of course, I won't sell at $10K. Fuck no. I'd rather see it go to zero. But if Doge pumps hard you bet your ass I am dumping some.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Schadenfreude on November 23, 2023, 03:48:26 PM
Quote from: a_pupil on November 23, 2023, 03:30:24 PM
How legit is this guy?

Bitcoin to me isn't worth the risk at this point, as it'll most likely be a 2-3x gain.

Potential 5-10x would tempt me to invest in crypto over stocks.
many people claim that gold has the potential to double with limited risks, maybe look into that,i am not sure
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 23, 2023, 04:06:45 PM
Quote from: Schadenfreude on November 23, 2023, 03:48:26 PM
many people claim that gold has the potential to double with limited risks, maybe look into that,i am not sure
Gold is used in electronics, light switches, etc. If it gets too expensive it will interfere with the world's economy. They will suppress the price. And if you buy gold, you have to get the real physical stuff. Not paper gold. I think gold will be a slower horse than crypto in the long run. I made the mistake of buying a few thousand dollars of silver coins in 2009/2010. Should have dumped that money into Bitcoin. Would have been worth more than $100 million now!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on November 23, 2023, 04:11:06 PM
My funniest experience was when my mid-teen brother was dreaming about getting xrp as it was going to moon to bitcoin level from $1.

So I got 100 for him, and before you know it that shit crashed to like 10 cents lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Schadenfreude on November 23, 2023, 04:12:22 PM
Quote from: obsidian on November 23, 2023, 04:06:45 PM
Gold is used in electronics, light switches, etc. If it gets too expensive it will interfere with the world's economy. They will suppress the price. And if you buy gold, you have to get the real physical stuff. Not paper gold. I think gold will be a slower horse than crypto in the long run. I made the mistake of buying a few thousand dollars of silver coins in 2009/2010. Should have dumped that money into Bitcoin. Would have been worth more than $100 million now!

But buying like 100k worth of gold is less risky than 100k of btc which can go to zero potentially. Tough choices
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on November 23, 2023, 06:52:26 PM
Quote from: a_pupil on November 23, 2023, 03:30:24 PM
How legit is this guy?

Bitcoin to me isn't worth the risk at this point, as it'll most likely be a 2-3x gain.

Potential 5-10x would tempt me to invest in crypto over stocks.

Even if certain altcoins outperform btc in the next cycle, do you really want to play a game of 24/7 speculation, staring at screens for 18 months where you try (and most likely fail) to pick tops and bottoms? These traders are full of shit and not a reliable source of information. Grifters of the highest order.

You'll find most are salty they missed out on btc in its early years and trying to make up for it by pumping small cap garbage and bs narratives.

No shit coin is touching btc and the gap will expand further into the future. From a price point its not a matter of if btc will  touch 6 or 7 digits but when. Which shit coin can say the same?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 23, 2023, 08:24:13 PM
Quote from: Theoak* on November 23, 2023, 06:52:26 PM
Even if certain altcoins outperform btc in the next cycle, do you really want to play a game of 24/7 speculation, staring at screens for 18 months where you try (and most likely fail) to pick tops and bottoms? These traders are full of shit and not a reliable source of information. Grifters of the highest order.

You'll find most are salty they missed out on btc in its early years and trying to make up for it by pumping small cap garbage and bs narratives.

No shit coin is touching btc and the gap will expand further into the future. From a price point its not a matter of if btc will  touch 6 or 7 digits but when. Which shit coin can say the same?
The issue is, BTC is already at 5 digits. If it goes to 6 digits, say $100k, that's only a 2.67x from here. Someone dumping $10K in BTC now won't see life-changing gains if it goes to $100k. Let's say it goes to 7 digits, or $1 million. That's a 26.79x from here. That turns the $10K into $267,952. Still not life-changing. You can't retire on that.

Meanwhile, a Shiba Inu trader for a brief period turned a $8,000 investment into $5.7 billion! Sure, there's no way he could cash that all out. But he definitely could have cashed out millions.

https://markets.businessinsider.com/news/currencies/crypto-investor-turned-8000-into-5-billion-buying-shiba-inu-2021-10

Degens are looking for the next Shiba Inu. For a brief period that Shiba Inu trader had 3.56x Michael Saylor's net worth. All off a $8000 buy!

(https://public.bnbstatic.com/image/cms/content/body/202111/460637e1336ca8071b9a0a0437464b7f.png)

https://www.binance.com/en/news/top/3021725

Speculation that the trader may have lost his wallet's keys has been put to rest as activity on the chain indicates he made four different transactions of exactly 10,000,000,100,000 SHIB each to four different wallets. Each transaction was worth approximately $586 million, totaling about $2.3 billion.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 23, 2023, 11:19:55 PM
Quote from: a_pupil on November 23, 2023, 03:30:24 PM
How legit is this guy?

Bitcoin to me isn't worth the risk at this point, as it'll most likely be a 2-3x gain.


Yet you probably feel its safe to store value in cash, which you know for certain will depreciate  over time. Go figure...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 23, 2023, 11:25:35 PM
Quote from: a_pupil on November 23, 2023, 04:11:06 PM
My funniest experience was when my mid-teen brother was dreaming about getting xrp as it was going to moon to bitcoin level from $1.

So I got 100 for him, and before you know it that shit crashed to like 10 cents lol.

This is a good example of why you need to know what you are buying, and for what purpose. Any why its essential to understand the difference between Bitcoin and "crypto".
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 23, 2023, 11:30:48 PM
Quote from: Theoak* on November 23, 2023, 06:52:26 PM
Even if certain altcoins outperform btc in the next cycle, do you really want to play a game of 24/7 speculation, staring at screens for 18 months where you try (and most likely fail) to pick tops and bottoms? These traders are full of shit and not a reliable source of information. Grifters of the highest order.

You'll find most are salty they missed out on btc in its early years and trying to make up for it by pumping small cap garbage and bs narratives.

No shit coin is touching btc and the gap will expand further into the future. From a price point its not a matter of if btc will  touch 6 or 7 digits but when. Which shit coin can say the same?

Agree. All I can say is every cycle new shitcoins get pumped and dumped, and the same idiots (or sometimes new idiots) make the same mistakes. Meanwhile, in every cycle, BTC just keep on doing its thing, growing in adoption and value over time...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 23, 2023, 11:33:05 PM
Quote from: obsidian on November 23, 2023, 08:24:13 PM
The issue is, BTC is already at 5 digits. If it goes to 6 digits, say $100k, that's only a 2.67x from here. Someone dumping $10K in BTC now won't see life-changing gains if it goes to $100k. Let's say it goes to 7 digits, or $1 million. That's a 26.79x from here. That turns the $10K into $267,952. Still not life-changing. You can't retire on that.

Meanwhile, a Shiba Inu trader for a brief period turned a $8,000 investment into $5.7 billion! Sure, there's no way he could cash that all out. But he definitely could have cashed out millions.

https://markets.businessinsider.com/news/currencies/crypto-investor-turned-8000-into-5-billion-buying-shiba-inu-2021-10

Degens are looking for the next Shiba Inu. For a brief period that Shiba Inu trader had 3.56x Michael Saylor's net worth. All off a $8000 buy!

(https://public.bnbstatic.com/image/cms/content/body/202111/460637e1336ca8071b9a0a0437464b7f.png)

https://www.binance.com/en/news/top/3021725

Speculation that the trader may have lost his wallet's keys has been put to rest as activity on the chain indicates he made four different transactions of exactly 10,000,000,100,000 SHIB each to four different wallets. Each transaction was worth approximately $586 million, totaling about $2.3 billion.

This Shib story is both false and misleading. I explained this many months ago to whoever posted it at the time (not sure if it was you, Obsidian, or someone else).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on November 23, 2023, 11:54:32 PM
Quote from: obsidian on November 23, 2023, 08:24:13 PM
The issue is, BTC is already at 5 digits. If it goes to 6 digits, say $100k, that's only a 2.67x from here. Someone dumping $10K in BTC now won't see life-changing gains if it goes to $100k. Let's say it goes to 7 digits, or $1 million. That's a 26.79x from here. That turns the $10K into $267,952. Still not life-changing. You can't retire on that.

Meanwhile, a Shiba Inu trader for a brief period turned a $8,000 investment into $5.7 billion! Sure, there's no way he could cash that all out. But he definitely could have cashed out millions.

https://markets.businessinsider.com/news/currencies/crypto-investor-turned-8000-into-5-billion-buying-shiba-inu-2021-10

Degens are looking for the next Shiba Inu. For a brief period that Shiba Inu trader had 3.56x Michael Saylor's net worth. All off a $8000 buy!

(https://public.bnbstatic.com/image/cms/content/body/202111/460637e1336ca8071b9a0a0437464b7f.png)

https://www.binance.com/en/news/top/3021725

Speculation that the trader may have lost his wallet's keys has been put to rest as activity on the chain indicates he made four different transactions of exactly 10,000,000,100,000 SHIB each to four different wallets. Each transaction was worth approximately $586 million, totaling about $2.3 billion.

Which proves my point,  people are looking for the next 10x, 100x, 1000x multiplier.


Overnight success has a 10year time frame, majority people trying to get rich off 10k in a short time frame are going to get rekt. Those that succeed will get greedy and hodl all the way up and then down.
Fresh bunch of idiots are born each cycle and that's what centralised shitcoin founders call  exit liquidity.

Life changing gains can be made in btc on a long enough time frame and decent initial investment and can be content knowing that your investment is secured in the most decentrilised and safest network in human history.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 24, 2023, 12:16:13 AM
I would say, it is correct that some people will always be tempted to take a greater risk for the chance of a huge payoff (indeed, this is the basis on which casinos and lotteries make money).

And we even see that mentality here, where some people are worried that BTC might only go up 2-3 x over the next year, vs some random shit coin.

However, as smart and rational investors - ie, those of us wanting to reliably make money on a risk / reward basis - it is important for us to note, that despite stories of individual amazing successes (lottery winners, lucky shitcoin bets etc), the ultimate long term winners are the casinos and issuers of shitcoins, and the ultimate long term losers are those who 'invest" in such (long term losing) bets.

So yes, we will always see a demand for a punt on the latest "going to the moon" shitcoin, but the long term safest and most solid bet against a declining fiat currency, is the good old Stack Sats / HODL combo. Not as exciting, but this is where the reliable long term value will accumulate and compound over time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 24, 2023, 12:56:30 AM
The other thing I would say, is that in some ways the entire classification of Bitcoin vs alts is somewhat non-sensical.

There is only really one Bitcoin, and that is Bitcoin, (with Bitcoin being the ultimate defense against the imperfections of fiat currencies).  In that sense there is not really any "alt" to Bitcoin at all. And indeed, this is also why its rather disingenuous for promoters of alt coins to promote them as alternatives to Bitcoin. Because they are not. For anyone who does not understand the fundamental distinction between Bitcoin and "alts" (and there are still many people who don't), I would urge those people to really do their homework. Understand proof of work and why that is important. Understand decentralization, and why that is important. Understand liquidity, and why that is important. Understand why Bitcoin is a commodity, and not an unregistered security. Understand Metcalf's law, and why that is important. Understand the difference between proof of work mining, and pre-mined coins, and why that is important.

A more helpful approach would be to understand that there are a infinite number of investments which are alternatives to Bitcoin  - these include, bonds, stocks, property, venture capital, currencies, gold, art, collectables, private equity, venture capital, etc. "Alts" in the crypto sense, are in ill-defined combination of some of these qualities, represented by a token which represents a stake in the venture, albeit with huge risk and lack of investor protections compared to others types of investments.

It is also for this reason, that the entire discussion of "Bitcoin dominance" vs alts, is increasingly considered by many to be rather pointless.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 24, 2023, 04:31:01 AM
Quote from: gib on November 24, 2023, 12:16:13 AM
I would say, it is correct that some people will always be tempted to take a greater risk for the chance of a huge payoff (indeed, this is the basis on which casinos and lotteries make money).

And we even see that mentality here, where some people are worried that BTC might only go up 2-3 x over the next year, vs some random shit coin.

However, as smart and rational investors - ie, those of us wanting to reliably make money on a risk / reward basis - it is important for us to note, that despite stories of individual amazing successes (lottery winners, lucky shitcoin bets etc), the ultimate long term winners are the casinos and issuers of shitcoins, and the ultimate long term losers are those who 'invest" in such (long term losing) bets.

So yes, we will always see a demand for a punt on the latest "going to the moon" shitcoin, but the long term safest and most solid bet against a declining fiat currency, is the good old Stack Sats / HODL combo. Not as exciting, but this is where the reliable long term value will accumulate and compound over time.
Doge Coin is up more than Bitcoin over the past 3 and 5 years. That's not a short time frame. It's 35% of Bitcoin's existence. I'd be curious to see if we pan out 7 years. How do you explain that "shitcoin" out performing BTC by a few factors over such a long period?

https://coinranking.com/

3-year performance:
BTC = 106.24%
ETH = 245.33%
DOGE = 2,043.92%

5-year performance:
BTC = 362.49%
ETH = 351.84%
DOGE = 2,224,49%

The point is, yes Bitcoin made phenomenal gains since 2009. But now that it is higher priced it will take a lot more to make it go up. No way will it outperform a small cap alt in a bull run. I am not advocating for HODLING these smaller altcoins indefinitely. And I don't think I made a good decision to HODL Doge. I am still in profit regardless, but I should have sold at 70 cents. My game plan was to do that and then I had a deadline at work and was also greedy, thinking it might go all the way to $1. Oh well, not the end of the world. Lesson learned.

I agree that Bitcoin will be more stable when there is a downturn. That's why I think some alt gains should be rolled over into BTC once they have pumped sufficiently.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 24, 2023, 05:49:32 AM
Quote from: obsidian on November 24, 2023, 04:31:01 AM
Doge Coin is up more than Bitcoin over the past 3 and 5 years. That's not a short time frame. It's 35% of Bitcoin's existence. I'd be curious to see if we pan out 7 years. How do you explain that "shitcoin" out performing BTC by a few factors over such a long period?

https://coinranking.com/

3-year performance:
BTC = 106.24%
ETH = 245.33%
DOGE = 2,043.92%

5-year performance:
BTC = 362.49%
ETH = 351.84%
DOGE = 2,224,49%

No way will it outperform a small cap alt in a bull run.

Allow me to make a small correction....

"No way will it outperform a small number of small cap alts in a bull run if you happen to be lucky enough to pick the right "alt" and then both buy and sell it at the right time, and one which has sufficient liquidity such that any sale you make does not negatively impact the price."

Yes, you can make money on alts, just like you can, if you are lucky, "make money" betting on penny stocks, or punting on extreme outside favorites in horse races. However, far more people lose money in making such bets, as opposed to making money, and therein is the rub.

If it was that easy or certain, every shitcoiner would millionaires. They are not. The vast vast majority of the millionaires are those who create and/or sell you these shit coins. And the vast vast majority of shitcoiners are dirt poor, financially unsuccessful, and have not yet learned basic financial lessons which for many only come with time and experience. Don't fool yourself.

The really successful wealth creators are those who make blue-chip investments, and then compound over time. They aren't greedy, and they aren't looking for quick gains. Yet they make the most money over time than anyone else. Don't be that loser who goes to the races day in day out hoping to pick the next "big winner with big odds", yet who at the end of it all is pennyless...

I have explained in my earlier posts, very clearly, why now, more than ever, BTC has the endorsement and demand of the big players of finance. Do not be fooled by short sighted greed to see what is so obviously about to happen, and instead open your eyes to the reality of the massive opportunity right in front of you. (Right now, you still have a HUGE advantage over others. Don't squander this opportunity).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 24, 2023, 08:07:13 AM
@Mayday - just broke 38K resistance level. (Double touch blast through). Will be interesting to see if it will hold. I guess it will fluctuate around this level before eventually making a push through the 40K mark.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 24, 2023, 12:23:34 PM
Quote from: gib on November 24, 2023, 08:07:13 AM
@Mayday - just broke 38K resistance level. (Double touch blast through). Will be interesting to see if it will hold. I guess it will fluctuate around this level before eventually making a push through the 40K mark.

Yeah boi iiii/

I’ve had 42k target for a long time so we might see if hover around that area before a pullback.

I agree with you on the sentiment. Loads of people wanting out, loads just wanting their money back. I think we may get a very nice run up to the ETF approval and then it ranks as those people exit then comes back for an ATH October 2024.

Notice the DXY pulling back to 103 from 106. It’s always beneficial so if that keeps up I’d expect BtC to continue upwards, me may even see 50k before any pullback just to fuck with everyone lol 😂

For alts this will be worse than previous cycle. We had 6.5k alts in 2021 or something? Now there is over 25k and then endless NFTs which I see released everyday in my Twitter feed. It’s diluted out the ears now, time to move to BTC after this.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Schadenfreude on November 24, 2023, 03:13:04 PM
Put my car up for sale a few days ago. Just got a first offer for 44k. Seemed like one of those bottom of the barrel offers by a guy who clearly is buying to resell for profit. My goal is more like 50k and then I buy 1 bitcoin with it and keep the rest for a cheap car.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on November 24, 2023, 03:19:54 PM
Quote from: Schadenfreude on November 24, 2023, 03:13:04 PM
Put my car up for sale a few days ago. Just got a first offer for 44k. Seemed like one of those bottom of the barrel offers by a guy who clearly is buying to resell for profit. My goal is more like 50k and then I buy 1 bitcoin with it and keep the rest for a cheap car.

Go full degen and remortgage the house as well lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: unreasonablereasons on November 24, 2023, 03:21:56 PM
Quote from: Mayday on November 24, 2023, 12:23:34 PM
Yeah boi iiii/

I’ve had 42k target for a long time so we might see if hover around that area before a pullback.

I agree with you on the sentiment. Loads of people wanting out, loads just wanting their money back. I think we may get a very nice run up to the ETF approval and then it ranks as those people exit then comes back for an ATH October 2024.

Notice the DXY pulling back to 103 from 106. It’s always beneficial so if that keeps up I’d expect BtC to continue upwards, me may even see 50k before any pullback just to fuck with everyone lol 😂

For alts this will be worse than previous cycle. We had 6.5k alts in 2021 or something? Now there is over 25k and then endless NFTs which I see released everyday in my Twitter feed. It’s diluted out the ears now, time to move to BTC after this.

look at that morning star bottom in the middle followed by the massive uptick---thats fap material there
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 24, 2023, 11:14:12 PM
Quote from: Schadenfreude on November 24, 2023, 03:13:04 PM
Put my car up for sale a few days ago. Just got a first offer for 44k. Seemed like one of those bottom of the barrel offers by a guy who clearly is buying to resell for profit. My goal is more like 50k and then I buy 1 bitcoin with it and keep the rest for a cheap car.

Dude congrats - that is absolutely the right thing to do. Instead of borrowing money and buying a (declining in value) car like many Americans do, you are taking some cash out of that car and securing your status as a wholecoiner (which in the future will be a fundamental marker and societal differentiator between the have's and the have not's).

Once you have that coin, do not let is go. You will see all sorts of attempts from others to separate that coin from you. Attempts to tax you, trick you in to swapping it for something else, FUD telling you its time to sell, banks offering various lending to you secured by your coin handed to them to custody, property developers offering you an apartment to be built in the future, secured by deposit of your coin, shitcoin scammers telling you they have a better coin they can give you in exchance for your bitcoin etc. HODL, and ride out the volitility along the way. Good luck!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Schadenfreude on November 25, 2023, 02:07:12 AM
Quote from: gib on November 24, 2023, 11:14:12 PM
Dude congrats - that is absolutely the right thing to do. Instead of borrowing money and buying a (declining in value) car like many Americans do, you are taking some cash out of that car and securing your status as a wholecoiner (which in the future will be a fundamental marker and societal differentiator between the have's and the have not's).

Once you have that coin, do not let is go. You will see all sorts of attempts from others to separate that coin from you. Attempts to tax you, trick you in to swapping it for something else, FUD telling you its time to sell, banks offering various lending to you secured by your coin handed to them to custody, property developers offering you an apartment to be built in the future, secured by deposit of your coin, shitcoin scammers telling you they have a better coin they can give you in exchance for your bitcoin etc. HODL, and ride out the volitility along the way. Good luck!

Thanks, the only thing conflicting me right now is should I wait for a better price on my car or just dump it right away at 44k like this first (presumably low ball) offer just do I can get btc faster since when btc jumps to 50k and my car still hasnt sold for the 50k I want to sell it for, I will regret. I also have 70 ounces of gold in a bank deposit box. Considered putting it into btc but just in case the unthinkable happend and btc goes to zero and gold 10xes I just dont want to risk it all.

May fortune favor us.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 25, 2023, 06:15:41 AM
Quote from: Schadenfreude on November 25, 2023, 02:07:12 AM
Thanks, the only thing conflicting me right now is should I wait for a better price on my car or just dump it right away at 44k like this first (presumably low ball) offer just do I can get btc faster since when btc jumps to 50k and my car still hasnt sold for the 50k I want to sell it for, I will regret. I also have 70 ounces of gold in a bank deposit box. Considered putting it into btc but just in case the unthinkable happend and btc goes to zero and gold 10xes I just dont want to risk it all.

May fortune favor us.

BTC will likely first retest lower prices from where it is currently. Even if it still goes higher from here.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Schadenfreude on November 25, 2023, 06:20:12 AM
Quote from: Griffith on November 25, 2023, 06:15:41 AM
BTC will likely first retest lower prices from where it is currently. Even if it still goes higher from here.
yeah i think so too so i am just going to relax and sell the car for the right price
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 25, 2023, 06:33:33 AM
I think 33-34k will be retested for BTC in the near term.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Schadenfreude on November 25, 2023, 07:44:15 AM
Quote from: Griffith on November 25, 2023, 06:33:33 AM
I think 33-34k will be retested for BTC in the near term.

And only up from there basically ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 25, 2023, 08:09:04 AM
Quote from: Schadenfreude on November 25, 2023, 07:44:15 AM
And only up from there basically ???

I wouldn't rule out 30k either.

But I do think we see previous ATH's at least reached next year.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on November 25, 2023, 07:31:50 PM
Imagine trading this asset for a small gain only to pay 30-50% tax then degen again into gambling  when the odds are definitely staked against  you.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 29, 2023, 05:22:03 AM
Looks like 38K is building as the latest support level. Lets see if it holds next 48 hours. If so that's a petty solid new base for the next hike up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Schadenfreude on November 29, 2023, 07:10:05 AM
Maybe I should have taken the 44k offer. Problem with used car market is that higher end used cars are somewhat of a niche.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Schadenfreude on November 29, 2023, 07:16:02 AM
I counter offered him 48k which is right in the middle of asking and bidding price
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 01, 2023, 04:19:29 AM
Quote from: gib on October 20, 2023, 08:26:03 AM
Well, I'm not much of a fan of technical indicators, but it would pretty obvious that on basic technical alone we are on an upward phase and through the last bear cycle.

Beyond that there are many major drivers at play which are super bullish for BTC demand.

-Conflict in various parts of the world leading to a demand for assets which are fixed in supply, easily divisible, and transferable across boarders.

-Inflation in many parts of the world, devaluing fiat currencies at a noticeable rate.

-Increasing education and awareness among our citizens as to why a global, uncensorable, uncorruptable, secure, digital, store of value and money, perfectly limited in supply, and decentralized, is so so important into the future we are heading.
 
-Numerous US BTC ETF's poised for approval for some of the largest funds in the world, which will result in hundreds of Billions of fund inflows into this asset class.

-Increasing understand and regulatory and technical and philosophical and economic understanding as to the difference betwen Bitcoin and "cryptos".

- The 2024 halvening due in around 6 months.

-The increasingly obviousness that the US will (and has almost no choice but to) embark on greater money printing than ever before.

-Ai increasingly making use of BTC as a base layer store of value.

-Countries globally looking to increase income taxes.

...all of which, when you combine with even just a slight increase of demand for this very unique limited in supply  asset class, will lead to a MASSIVE upward movement once FOMO takes hold (which will gradually build up and then abruptly take hold and explode in a positive loop upward price cycle).

Oh, and major financial players coming out strongly in support of Bitcoin as the supreme asset class, different and better than all others. Here is a good example, an interview with Fidelity.

i=0vzC9-RkOR5HXg5N

Well, so there we have it @Mayday. Since my buy BTC call of 28 October, we did not have a November collapse as you predicated. Instead, we closed above 38K (well up from 28K on the date of my post). I hope now, (and it should be obvious to all, in hindsight), that all can now understand why I made this prediction and urged others to load up. (BTC's rise will be perpetual over the long term by the way, so no one should feel that they have been "too late", but obviously when we see all the stars align for a pump, we should increase the pace of our buying to benefit from that surge).

As for our discussion on the taxation of gains in BTC in countries who impose capital gains tax on such assets, all I can say, is buy peer to peer (so there is no traceable electronic record of your purchase to any bank account connected with your personal details, and then, when you are ready, use that BTC in a similar manner, or in an off-shore location where no tax is imposed on any gain). This really should only be in a decade or longer after buying. Even though capital gains may be imposed by governments on all assets such as property, art, gold, stock, FX etc BTC's properties are quite unique in terms of you ability to acquire, store and spend it anonymously, (or at least pseudonymously) along with global portability and infinite divisibility.

Capital gains tax, by the way, is incredibly insidious. Lets imagine you buy a house (or Bitcoin, or stock), and your country has a 50% capital gains tax. By halving the value of your currency through money printing, your house (or Bitcoin, or stock), all things being equal, would double (in nominal terms). So the same asset, which you bought for 1m, is now nominally worth 2m, and the Govt then takes 50% of the "gain", effectively having stolen 25% of the real value of your asset. This is why its so important, for those of us in countries who engage in such theft via deception, to know how to defend ourselves against this.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 01, 2023, 05:11:30 AM
Quote from: gib on December 01, 2023, 04:19:29 AM
Well, so there we have it @Mayday. Since my buy BTC call of 28 October, we did not have a November collapse as you predicated. Instead, we closed above 38K (well up from 28K on the date of my post). I hope now, (and it should be obvious to all, in hindsight), that all can now understand why I made this prediction and urged others to load up. (BTC's rise will be perpetual over the long term by the way, so no one should feel that they have been "too late", but obviously when we see all the stars align for a pump, we should increase the pace of our buying to benefit from that surge).

As for our discussion on the taxation of gains in BTC in countries who impose capital gains tax on such assets, all I can say, is buy peer to peer (so there is no traceable electronic record of your purchase to any bank account connected with your personal details, and then, when you are ready, use that BTC in a similar manner, or in an off-shore location where no tax is imposed on any gain). This really should only be in a decade or longer after buying. Even though capital gains may be imposed by governments on all assets such as property, art, gold, stock, FX etc BTC's properties are quite unique in terms of you ability to acquire, store and spend it anonymously, (or at least pseudonymously) along with global portability and infinite divisibility.

Capital gains tax, by the way, is incredibly insidious. Lets imagine you buy a house (or Bitcoin, or stock), and your country has a 50% capital gains tax. By halving the value of your currency through money printing, your house (or Bitcoin, or stock), all things being equal, would double (in nominal terms). So the same asset, which you bought for 1m, is now nominally worth 2m, and the Govt then takes 50% of the "gain", effectively having stolen 25% of the real value of your asset. This is why its so important, for those of us in countries who engage in such theft via deception, to know how to defend ourselves against this.

Nice call Gib. Although the price still hasn't actually closed above 38k yet.

Don't think it really matters though. Something like high 80s or 90% of BTC held is in profit and I doubt many will sell with the ETFs around the corner. Any correction would be bought up anyway.

Only a US recession in 2024 spoils this now. Although that should be viewed as great buying opportunity. Recession in an election year = money printer.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 01, 2023, 05:58:55 AM
Quote from: Flexacon on December 01, 2023, 05:11:30 AM
Nice call Gib. Although the price still hasn't actually closed above 38k yet.

Don't think it really matters though. Something like high 80s or 90% of BTC holders are in profit and I doubt many will sell with the ETFs around the corner. Any correction would be bought up anyway.

Only a US recession in 2024 spoils this now. Although that should be viewed as great buying opportunity. Recession in an election year = money printer.

Yes fully agree on all these points.

Regarding almost everyone being "in the money", there will always be someone who will reply "well it didn't help the people who bought exactly at the last peak!".

To those people I would say, that anyone who had simply DCA'd from the last peak until now, would be way up. Again demonstrating that to consistently stack Sats, and then simply HODL is key. Over the long term, time in the market will be Bitcoin's greatest friend.

Same thing will happen this next cycle. The 100K barrier will being a lot of excitement, but some people won't buy in until say 360K, shelling out 360K to become a first time wholecoiner. Then, when we see a reversal to say 120K, some of those who bought at 360K will say never again, and be complaining about Bitcoin's volitivity. Meanwhile, anyone who bought in the prior cycle peak of 60K, or cycle before that that 20K, will all be well up...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 02, 2023, 10:07:38 PM
PS - @ Flex, it seems not only did we close above 38K, but we are now nicely holding 39.

Bring on 40!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 02, 2023, 10:09:21 PM
Quote from: gib on October 20, 2023, 02:58:09 AM
OK GETBIGGERS, I AM CALLING IT. THE NEXT CYCLE (now to end of 2025) HAS STARTED. AND ITS GOING TO BE EPIC.

I HAVE SAID IT MANY TIMES. THE CHANCES OF BECOMING A WHOLECOINER (IF YOU ARE NOT ONE) WILL GET LOWER BY THE DAY. SECURE YOUR FUTURE AND START SACKING SATS.

Quote from: affeman on October 20, 2023, 07:51:09 AM
And how do you get to that conclusion, you financial expert? :D

I hope you how now learned your lesson @Affeman...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on December 03, 2023, 12:21:54 AM
Quote from: gib on December 02, 2023, 10:09:21 PM
I hope you how now learned your lesson @Affeman...

You're pretty hyped that your imaginary coin currently sits at around 55% of it's peak price in 2021, aren't you? :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 03, 2023, 01:10:10 AM
Quote from: affeman on December 03, 2023, 12:21:54 AM
You're pretty hyped that your imaginary coin currently sits at around 55% of it's peak price in 2021, aren't you? :D

A few comments here.

It's not my coin. It its the world's coin. The code has been public from the first hash.

Bitcoin was imagined when Satoshi published his whitepaper. Now of course it is real.

Against numerous fiat currencies, BTC is already at record highs. But in any case, anyone who simply bought on a regular basis and hodled, even from the very peak in USD, would be well up. If you happened to be one of those fools who made your only allocation at the exact peak in USD, don't worry though. BTC will go up against all fiat to infinity over time. (I have explained this in earlier posts...).

By the way, you know that this last post of yours will also come back to haunt you in the months to come, don't you. I will make sure of that... :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on December 03, 2023, 01:46:16 AM
Quote from: gib on December 03, 2023, 01:10:10 AM
By the way, you know that this last post of yours will also come back to haunt you in the months to come, don't you. I will make sure of that... :)

Well over 100k by March 2024, right? :D :D

Quote from: gib on June 23, 2023, 11:20:07 AM
I would think we will be well over 100K per BTC coin by March 2024. Once the demand squeeze happens, the spike will be insane, and self-fulfilling, and very fast.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 03, 2023, 03:57:49 AM
Quote from: gib on December 02, 2023, 10:07:38 PM
PS - @ Flex, it seems not only did we close above 38K, but we are now nicely holding 39.

Bring on 40!

You could justifiably set your sights even higher.

It may mean nothing, but the Feds fund rate peaked and then held in early 2019 and then bitcoin went on a huge run until they started cutting. Rates have similarly peaked now and Bitcoin is moving almost identically to early 2019.

With ETFs and halving and no rate cuts for a few months it's all lining up for a big move up. Blow off top for everything until rates are cut.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 03, 2023, 05:19:14 AM
Quote from: affeman on December 03, 2023, 01:46:16 AM
Well over 100k by March 2024, right? :D :D

Glad you are learning young Jedi. Atta boy...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on December 03, 2023, 06:25:45 AM
We're printing a fractal that is exactly like the one prior to the boom in 2019.

Blast off anyone?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 03, 2023, 12:30:54 PM
Quote from: Theoak* on November 23, 2023, 11:54:32 PM
Which proves my point,  people are looking for the next 10x, 100x, 1000x multiplier.


Overnight success has a 10year time frame, majority people trying to get rich off 10k in a short time frame are going to get rekt. Those that succeed will get greedy and hodl all the way up and then down.
Fresh bunch of idiots are born each cycle and that's what centralised shitcoin founders call  exit liquidity.

Life changing gains can be made in btc on a long enough time frame and decent initial investment and can be content knowing that your investment is secured in the most decentrilised and safest network in human history.
If you look at the charts, Dogecoin outperformed BTC over the past 3 and 5-year periods. So a Shitcoin outperformed your precious Bitcoin for 5 years!

Interesting video by Charles Hoskinson. When BTC was released, Satoshi owned 100% of the hashing power. And has about 5% of the BTC supply. Yeah yeah, he's dead or won't ever move or sell those coins.

IIR, 3 pools dominate the BTC mining landscape. How decentralized is that - really? And what happens eventually when mining profits are miniscule? Why would miners stick around to secure the BTC network? Who's paying those fees? BTC has structural issues long-term.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on December 03, 2023, 02:40:14 PM
Quote from: obsidian on December 03, 2023, 12:30:54 PM
If you look at the charts, Dogecoin outperformed BTC over the past 3 and 5-year periods. So a Shitcoin outperformed your precious Bitcoin for 5 years!

Interesting video by Charles Hoskinson. When BTC was released, Satoshi owned 100% of the hashing power. And has about 5% of the BTC supply. Yeah yeah, he's dead or won't ever move or sell those coins.

IIR, 3 pools dominate the BTC mining landscape. How decentralized is that - really? And what happens eventually when mining profits are miniscule? Why would miners stick around to secure the BTC network? Who's paying those fees? BTC has structural issues long-term.



Cry harder shitcoiner, almost crying as hard as Charles hoskinson with the news Cardano is being labelled  a security. Grown man in control of a "shitcoin" screaming and crying online. Yeah, that's the sort of shitcoin/company I want to invest in.

Weather you like it or not Btc is "precious", scarce and desirable. Don't convince me of your shitcoinery, start convincing countries who are adopting it. If you want your shitcoin to flourish and pump then plead your case with the powers that are bring it to the forefront.

Start with Argentina, El Salvador you're  too late. Eth and other shitcoins  are classified securities there.

BTW, what's going on with Eth? That was set to flip btc, I mean with all these changes surely they'd get one right  that would catapult their price way past 100k? I'm sure in time I'll  be proven wrong and many countries will adopt it .


You must have a hard time reading, I've addressed this. Btc mining pools are composed of many individual miners that come and go. They aren't in control of the hashrate, it's miners from all over the world. Miners dont control the network. Seems pretty decentrilised to me. The cost factor to initiate a 51% attack would send a country bankrupt  and we would see it coming from a mile away.

What happens to Eth when it hits 10-20-30k? How many people can afford to be validators with 32 Eth? It's almost as if the more Eth grows the more centralised it becomes to those with wealth. Sound familiar?

Why are you talking  about profits and no more btc mined? That's 100+ years from now when you and I are long dead and the financial system will be vastly different than the one today. So, who cares?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 03, 2023, 04:49:16 PM


Paid USD21 in gas fees this morning to do a shitty transaction on ETH.

4yrs have passed, nowhere near ATH frenzy and it’s already shown how fucked a network it is.

I side with gib on digital gold BTC over a network that still can’t fix traffic/fees.

 Vitalickmyballs in 4yrs has achieved dumping 400m+ on people for ‘runway’ yet jack shit has actually made it useable cost wise.


Re BTC Be wary of that DXY……  we are close to 42k and the DXY is right at a support level, if it breaks down then we will rally hard.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 03, 2023, 07:20:54 PM
Quote from: Mayday on December 03, 2023, 04:49:16 PM

Paid USD21 in gas fees this morning to do a shitty transaction on ETH.

4yrs have passed, nowhere near ATH frenzy and it’s already shown how fucked a network it is.

I side with gib on digital gold BTC over a network that still can’t fix traffic/fees.

 Vitalickmyballs in 4yrs has achieved dumping 400m+ on people for ‘runway’ yet jack shit has actually made it useable cost wise.


Re BTC Be wary of that DXY……  we are close to 42k and the DXY is right at a support level, if it breaks down then we will rally hard.
Thanks for helping to burn ETH! I checked a while ago and the 1 hour deflation was -1%. Now its around -.78%. Since the Merge it's been -0.198%. It will be interesting to see how much it deflates in a real bull market.

But why are you doing shitty transactions to pay $21 in fees? I've never paid that much for an ETH transaction. And could you not have used an L2 for the transaction? I would not do a high-dollar transaction on a Layer 2, but smaller transactions? Sure!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 03, 2023, 07:55:54 PM
Quote from: Theoak* on December 03, 2023, 02:40:14 PM
Cry harder shitcoiner, almost crying as hard as Charles hoskinson with the news Cardano is being labelled  a security. Grown man in control of a "shitcoin" screaming and crying online. Yeah, that's the sort of shitcoin/company I want to invest in.

Weather you like it or not Btc is "precious", scarce and desirable. Don't convince me of your shitcoinery, start convincing countries who are adopting it. If you want your shitcoin to flourish and pump then plead your case with the powers that are bring it to the forefront.

Start with Argentina, El Salvador you're  too late. Eth and other shitcoins  are classified securities there.

BTW, what's going on with Eth? That was set to flip btc, I mean with all these changes surely they'd get one right  that would catapult their price way past 100k? I'm sure in time I'll  be proven wrong and many countries will adopt it .


You must have a hard time reading, I've addressed this. Btc mining pools are composed of many individual miners that come and go. They aren't in control of the hashrate, it's miners from all over the world. Miners dont control the network. Seems pretty decentrilised to me. The cost factor to initiate a 51% attack would send a country bankrupt  and we would see it coming from a mile away.

What happens to Eth when it hits 10-20-30k? How many people can afford to be validators with 32 Eth? It's almost as if the more Eth grows the more centralised it becomes to those with wealth. Sound familiar?

Why are you talking  about profits and no more btc mined? That's 100+ years from now when you and I are long dead and the financial system will be vastly different than the one today. So, who cares?
Give me a break. Bitcoin was developed because of government overreach and FIAT devaluation. Now BTC MaxiPADS are championing the SEC to go after competing projects. Do you want to know why someone like Michael Saylor is doing this? Because the fucker wants to pump his own bags. He reckons altcoins are stealing gains from Bitcoin. He'd rather see all money flow into Bitcoin, and only Bitcoin. Not because he is a swell guy, or because Bitcoin is so amazing. It's because that's what he bought into and he can't jump to other projects without incurring a capital gains tax. He's committed to Bitcoin now 100%. So he is going to talk it up 100%.

After BTC halving in 2032, the block reward will be 0.78125 BTC. 4 years later, in 2036, it will be at 0.39 BTC. By 2048, the block reward will drop to 0.04882812 BTC. That's 24 years from now. If BTC is worth $1 million, the block reward would be worth $48.828.12 in 2048. Not sure how much electricity is required to mine one block, but this site claims: The average household electricity cost to mine 1 Bitcoin is $46,291.24, which is 35% higher than the average daily price of 1 BTC in July 2023 ($30,090.08)

https://cointracking.info/blog/bitcoin-halving/
https://www.coingecko.com/research/publications/bitcoin-mining-cost

Energy costs will probably go up significantly in the next 24 years. It will be interesting to see how much it would cost to mine 1 Bitcoin block in 2048, when the reward will be a payment of 0.04882812 BTC. Perhaps Bitcoin is $10 million by then? Who knows. But it does make you think about how sustainable the Bitcoin POW model will be even well before the last fraction of a BTC is mined. And this will become an issue much sooner than 100 years from now.

Regarding ETH Staking:

You can stake ETH on Lido, Coinbase, Binance, etc. with less than 32 ETH. Yes, it is risky on an exchange. Life is risky. When I was mining ETH via POW, I burned through two outlets. But they were in metal boxes and the circuits were also in conduits. So nothing burned down. But my point is, that everything has a risk attached to it. Risk takers are the ones that have the potential to make or lose money more so than someone who is only content with a 9-5 job. That's just the way it works in life.

Even though liquid staking exists for smaller players, there are plans to upgrade staking to promote even more decentralization.

https://crypto.news/vitalik-buterin-unveils-major-overhaul-of-ethereum-staking-to-enhance-decentralization/

I mined on many pools. I also bought hashing power on NiceHash and redirected the hash power to my Ethereum miner address. The NiceHash power was lumped in with my own personal miners, only it was much bigger. For reference, with around 40 high powered GPUs, you would have a hash rate of close to 1.5 Gh/s. With NiceHash, I had 80 Gh/s at my disposal, or more. The hash power was purchased with Bitcoin. The more hash power you requested, the faster your BTC deposit was depleted. I also had my GPUs mine for NiceHash, In this case, the roles are reversed and other customers purchased hash power and my miners worked for those customers. NiceHash paid me in BTC. The point is, NiceHash could redirect all that hash power as needed. Even though it was a pool, they could control where all the collective hash rate went.

From ChatGPT:

In a decentralized and trustless system like Bitcoin, mining pools operate based on the principle of following the rules of the Bitcoin protocol. The hashrate of a mining pool is the combined computational power of all the miners within that pool. While mining pools can't directly redirect the hashrate of individual miners without their consent, the pool itself can make decisions on how to allocate its collective hashrate.

Mining pools typically allow miners to connect their mining hardware to the pool's mining server, and they work together to solve cryptographic puzzles and validate transactions. The pool's operator can influence the distribution of work among miners, but this is usually in accordance with the principles of fair and transparent mining.

However, if a mining pool were to act maliciously or against the best interests of the Bitcoin network, it could potentially engage in activities that redirect or concentrate the hashrate in a way that is harmful to the network's security. This could include conducting a 51% attack, where a single entity or a coalition of miners controls more than 50% of the network's total hashrate, potentially allowing them to censor transactions or double-spend coins.

It's important to note that such actions would likely be detrimental to the long-term value and integrity of Bitcoin, as the decentralized nature of the network is a key feature that contributes to its security and resilience.

In practice, reputable mining pools are incentivized to act in the best interest of the Bitcoin network to maintain the trust of miners and users. Miners also have the option to choose which pool they want to join, and they can switch to a different pool if they disagree with the pool operator's policies or behavior.

(https://assets.coingecko.com/coingecko/public/ckeditor_assets/pictures/7709/content_How_Much_Does_it_Cost_to_Mine_1_Bitcoin_at_Home_Around_the_World_-_Solo_Mining_-_CoinGecko.webp)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 04, 2023, 01:27:31 AM
Quote from: obsidian on December 03, 2023, 07:55:54 PM
Give me a break. Bitcoin was developed because of government overreach and FIAT devaluation. Now BTC MaxiPADS are championing the SEC to go after competing projects. Do you want to know why someone like Michael Saylor is doing this? Because the fucker wants to pump his own bags. He reckons altcoins are stealing gains from Bitcoin. He'd rather see all money flow into Bitcoin, and only Bitcoin.

Obsidian - I believe I explained to you earlier, there is not really any "alt" to Bitcoin in terms of Bitcoin's function of universal money and a universal decentralized store of value. Indeed the use of the term "alt" is misnomer insofar as it suggests there are alternatives, similar to Bitcoin, for this purpose. It of course is very appealing to alt-losers / idiots and fools / gamblers / suckers etc, to believe that they can get "something as good as Bitcoin" (or even "better than Bitcoin"), for a cheaper price. We all know this is a load of nonsense. United in an agreed universal store of value we thrive, divided and diluted we fall - a very basic economic concept. You can devote all the effort you like to promote shitcoins - ultimately you will fail. You would be far better off aligning your efforts with promoting the adoption of Bitcoin, and thriving from the ongoing adoption of a long term trend.

Most of the so-called "alts" are actually, if anything, alternatives to a shareholding in listed companies (albeit companies which are very risky, and typically outright scams with zero prospect of long term success).  They are shares, represented by "tokens", in ventures/projects, which have not been registered securities, despite US securities law requiring this to be done.

The US stock market has thrived over the decades because of regulation and oversight providing investor protection and certainty, resulting in the attraction of investor capital from all around the world. Unregistered securities primarily benefit the issuer at huge risk to any investor. So it is quite right that for public offerings to US investors, companies seeking investor funds should comply with the law.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 04, 2023, 03:04:10 AM
Quote from: obsidian on December 03, 2023, 07:20:54 PM
Thanks for helping to burn ETH! I checked a while ago and the 1 hour deflation was -1%. Now its around -.78%. Since the Merge it's been -0.198%. It will be interesting to see how much it deflates in a real bull market.

But why are you doing shitty transactions to pay $21 in fees? I've never paid that much for an ETH transaction. And could you not have used an L2 for the transaction? I would not do a high-dollar transaction on a Layer 2, but smaller transactions? Sure!

I used ETH to purchase degenerate POS coins. Or is ETH a network for the rich only?

BTC I still believe fits with digital gold.

ETH I have no idea what it’s supposed to be. You can’t transact on it due to fees therefore, what is it supposed to do?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 04, 2023, 04:05:49 AM
Why ETH is centralized garbage:

https://www.coindesk.com/tech/2023/10/06/ethereum-has-become-more-centralized-since-the-merge-and-shanghai-upgrades-jpmorgan/

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 04, 2023, 12:53:09 PM
Quote from: gib on December 04, 2023, 04:05:49 AM
Why ETH is centralized garbage:

https://www.coindesk.com/tech/2023/10/06/ethereum-has-become-more-centralized-since-the-merge-and-shanghai-upgrades-jpmorgan/


Way to convince people to join the BTC bandwagon by calling legitimate projects garbage. Wow! That precious MaxiPAD is wearing a Bitcoin shirt lol! Not even going to watch it. If ETH was garbage, why does it have the most developers working on it? Why would Blackrock file an ETH Spot ETF?

Bitcoin Maxis are extremely shortsighted and cringy with their total devotion to Bitcoin and only Bitcoin. The world's a big place and there's plenty of room for other projects. Bitcoin is unsuitable for doing things that Ethereum or Solana can and will do and would have to be rebuilt from the ground up. Eventually, Bitcoin's POW model will become an issue, once future halving cycles dwindles the block rewards down to fractions of a BTC. And I would I think as soon as 24 years from now, if not sooner.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 04, 2023, 12:54:17 PM
Quote from: Mayday on December 04, 2023, 03:04:10 AM
I used ETH to purchase degenerate POS coins. Or is ETH a network for the rich only?

BTC I still believe fits with digital gold.

ETH I have no idea what it’s supposed to be. You can’t transact on it due to fees therefore, what is it supposed to do?
False. Learn about L2s.

https://l2fees.info/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 04, 2023, 01:11:38 PM
Quote from: gib on December 04, 2023, 01:27:31 AM
Obsidian - I believe I explained to you earlier, there is not really any "alt" to Bitcoin in terms of Bitcoin's function of universal money and a universal decentralized store of value. Indeed the use of the term "alt" is misnomer insofar as it suggests there are alternatives, similar to Bitcoin, for this purpose. It of course is very appealing to alt-losers / idiots and fools / gamblers / suckers etc, to believe that they can get "something as good as Bitcoin" (or even "better than Bitcoin"), for a cheaper price. We all know this is a load of nonsense. United in an agreed universal store of value we thrive, divided and diluted we fall - a very basic economic concept. You can devote all the effort you like to promote shitcoins - ultimately you will fail. You would be far better off aligning your efforts with promoting the adoption of Bitcoin, and thriving from the ongoing adoption of a long term trend.

Most of the so-called "alts" are actually, if anything, alternatives to a shareholding in listed companies (albeit companies which are very risky, and typically outright scams with zero prospect of long term success).  They are shares, represented by "tokens", in ventures/projects, which have not been registered securities, despite US securities law requiring this to be done.

The US stock market has thrived over the decades because of regulation and oversight providing investor protection and certainty, resulting in the attraction of investor capital from all around the world. Unregistered securities primarily benefit the issuer at huge risk to any investor. So it is quite right that for public offerings to US investors, companies seeking investor funds should comply with the law.
GIB, I think Bitcoin is a sound investment. But I don't agree that it is the only investment and nothing else is an option.

You've heard of the Kennedy Shoeshine Boy story.

https://www.pitzlfinancial.com/blog/ode-shoeshine-boy#:~:text=In%201929%2C%20at%20the%20height,of%20his%20favorite%20stock%20picks.

"In 1929, at the height of an economic boom in America, Joseph Kennedy Sr. (father of JFK) was working as a stockbroker on Wall Street. As the story goes, Joseph was walking around when he decided to sit down for a shoeshine. While polishing his shoes, the young worker gave Joseph some of his favorite stock picks. When Joseph heard the shoeshine boy giving out stock tips, he figured the party was about to end, and it was time to get out of the market. Joseph proceeded to exit his positions in the market and bought short positions that bet on the market going down.

Shortly after that, the stock market entered a free fall. On Monday, October 28, 1929, the market dropped about 13%. The next day it fell another 12%. These became better known as Black Monday and Black Tuesday, and ushered the United States into The Great Depression."

There's a saying that you should buy something when nobody is talking about it and sell when everyone talks about it. Most crypto influencers are only promoting Bitcoin. The average Joe on the street only knows about Bitcoin. And that's where they are missing out on getting into other crypto projects that will most likely result in bigger gains. Yes, you're still early if you buy Bitcoin now. And even more so for Ethereum, Solana, and a few others.

It's likely that Ethereum will outperform Bitcoin in a bull market. And Solana will outperform Ethereum. Bitcoin has a larger market cap and requires more money to flow into the project to move the price. Solana has a smaller market cap and already dumped hard after the FTX fiasco. But it has a thriving community / network effect, is fast (albeit more centralized and prone to shutdowns), and has institutional interest. It's more risky than Bitcoin, but with risk comes the chance of a bigger reward. I currently don't own any Solana but I might look into getting some in 2024.

Ethereum has a really interesting tokenomics right now. We have not yet seen how deflationary it will become in a true bull market. Its inflation has been lower than Bitcoin since the Merge. Long-term Bitcoin's finite supply gives it an edge because it is still unknown what Ethereum's supply will be in the future. Some might argue that lower fees will reduce the amount of ETH burned. Then again, if more transactions occur, it would make up for the lack of ETH burning. What's the use case for ETH L2s If ETH gas fees are lowered significantly in future upgrades? See below...

https://medium.com/blockchain-biz/will-ethereum-2-0-render-existing-layer-2-solutions-obsolete-143c9f98330c

Can Ethereum 2.0 and Layer 2 Solutions Co-Exist?
Let’s take a moment to reflect on the purpose of the Ethereum 2.0 upgrade and existing Layer 2 solutions built on the Ethereum network. At their core, each of these are focused on trying to solve the same issue — scalability.

Layer 2 solutions were built first primarily to solve for the bottlenecks occurring on Ethereum’s base layer. However, once Ethereum 2.0 is in motion, what purpose will Layer 2s serve if the base layer they were built to scale is now exponentially more efficient itself? Will Layer 2s become obsolete as a result?

To answer this question, it is helpful to reflect on Ethereum’s vision, which is to bring Ethereum into the mainstream and serve all of humanity. This is a grand vision and one that requires scaling for a future that contemplates much more than 4% of the total population owning crypto. Even if the Ethereum 2.0 upgrade is able to significantly expand the network’s throughput, it is still questionable whether it would be able to support a future world with billions of potential daily crypto users without becoming congested.

The relationship between Ethereum 2.0 and its existing Layer 2 solutions is therefore likely to be symbiotic. This implies a world with different scaling solutions working in harmony, allowing for an exponential effect on future transaction speeds and throughput. It is these combined effects, and not one or the other, that Ethereum is planning for in order to achieve its vision.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on December 04, 2023, 08:29:59 PM
Quote from: obsidian on December 04, 2023, 01:11:38 PM
GIB, I think Bitcoin is a sound investment. But I don't agree that it is the only investment and nothing else is an option.



Risk is everything in investing, of course there are assets that will outperform Bitcoin but it’s impossible to know which

It’s like saying the returns of powerball can beat a Vanguard index fund. It’s true but irresponsible to suggest as a strategy.

You can cherry pick numerous examples from many asset classes over many timeframes to make various points. ABC shitcoin might outperform it over any 1, 2, or 3 year period looking forward.

I would challenge you to find a single asset of any type that has better risk/reward characteristics looking forward
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 05, 2023, 08:01:29 AM
Agree, and @Theoak, I would you are really mixing up asset classes when comparing Bitcoin with other investment schemes you call "crypto".

Bitcoin is a cryptographic currency. Its role is to act as the world's digital medium of exchange and store of value.

As I have mentioned earlier, the other assets you have mentioned, are more akin to a shareholding in unlisted companies (albeit companies which are very risky, and typically outright scams with zero prospect of long term success).  They are shares, represented by "tokens", in ventures/projects, which have not been registered securities, despite US securities law requiring this to be done. They are most certainly not pure currencies, although they do have tokens representing an ownership an a venture, which can be traded. (The main probem here, is that almost all such ventures are absolute BS, or trade at a value no where close to the market cap of the tokens. FileCoin might be a rare exception here, but even there, FileCoin, whist an amazing venture, is certainly not "cheap" by traditional VC valuation standards, although it is one of the most "legit" ventures I have analyzed, represented by electronically tradable tokens).

That is not to say that an investment in art, or gold, or shares or property or unregistered securities or lottery tickets may not be successful. They might well be, especially if you happen to "get lucky". Of all these assets, those where an investor really knows what they are doing, and can add value with their analysis, include property and stocks, less so in gold, even less so in art, and once you get into the "crypto / lottery tickets" you really are kidding yourself if you think you know what you are doing in terms of having any hope of trying to calculate and justify your "investment" on fundamental value (although possibly at a very macro level you can do OK - ie like now, knowing that BTC's rise will float all boats due to scam victims still not understanding how alt promoters schill BTC value into empty alt promises).

The sly part of the alt scam, is convincing innocent suckers that the tokens being issued are somehow an "alternative" to Bitcoin. They are not. Happens every cycle, and every cycle, these "investors" end up eventually getting brutally raped. In terms of BTC's purpose and goals, we are as GetBiggers all much much better off aligning our focus to BTC. United we stand, united we thrive.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 05, 2023, 09:20:37 AM
Just blasted through 43K...

Reminds me of the good old days at the beginning of the prior BTC cycle back in 2019, during the 3K price moving up to 5K price phase (which ultimately peaked at 64K). Only this time, 4 years later in the next cycle, (we have an added zero), 30K moving up to 50K phase. Time will tell if we peak at 640K...

I am by no means a fan of charts, but the chart does look like a God-candle is possibly forming.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 05, 2023, 10:25:01 AM
Quote from: gib on December 05, 2023, 09:20:37 AM
Just blasted through 43K...

Reminds me of the good old days at the beginning of the prior BTC cycle back in 2019, during the 3K price moving up to 5K price phase (which ultimately peaked at 64K). Only this time, 4 years later in the next cycle, (we have an added zero), 30K moving up to 50K phase. Time will tell if we peak at 640K...

I am by no means a fan of charts, but the chart does look like a God-candle is possibly forming.
BTC is on a roll for sure. At 43.5K now. Maybe it will shoot up to 50K soon. Will be interesting to see if BTC breaks the ATH price before the halving next year.

ETH is not doing too shabby either, right behind BTC. It will be hilarious if ETH also breaks an ATH before the halving. Time will tell.

Glad for all the BTC holders. I won't begrudge anyone making gains, no matter which project they have invested in! One day I will get into BTC. Not via FIAT, but via crypto trades. I also plan on getting some Solana and Chainlink. Maybe some degen stuff like PEPE and Shiba. But small amounts...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 05, 2023, 11:16:13 AM
Quite something that BTC, with a much larger market cap, is outperforming smaller "alts" despite it being far easier for an alt to move in % terms due to its relatively smaller cap. Again, a great bullish signal, indicating money in the "crypto ecosystem" is moving into a quality asset over time.

Retail investors (and obviously the institutional investors of finance) are understanding that Bitcoin is not crypto.

Obsidian - the best advice I can give to you, or anyone, is simply to stack and HODL. Imagine reading this thread in 10 years time how you will feel if you don't start now. You still have a massive head start over most the rest of the world, both in terms of knowledge, access to Sats, and access to money to convert into Sats. Do not squander this very obvious opportunity.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: deadz on December 05, 2023, 11:59:04 AM
Quote from: gib on December 05, 2023, 11:16:13 AM
Quite something that BTC, with a much larger market cap, is outperforming smaller "alts" despite it being far easier for an alt to move in % terms due to its relatively smaller cap. Again, a great bullish signal, indicating money in the "crypto ecosystem" is moving into a quality asset over time.

Retail investors (and obviously the institutional investors of finance) are understanding that Bitcoin is not crypto.

Obsidian - the best advice I can give to you, or anyone, is simply to stack and HODL. Imagine reading this thread in 10 years time how you will feel if you don't start now. You still have a massive head start over most the rest of the world, both in terms of knowledge, access to Sats, and access to money to convert into Sats. Do not squander this very obvious opportunity.
LOL
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on December 05, 2023, 01:49:33 PM
Folks, reminder: Don’t let the charlatans separate you from your (future) money.

There is a very high possibility that,  because we fell short in last bull market (price-wise,) we’re going to make up for it big time. This blow off top looks and sounds like it’s going to be insane.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on December 05, 2023, 02:40:02 PM
Quote from: gib on December 05, 2023, 11:16:13 AM
Quite something that BTC, with a much larger market cap, is outperforming smaller "alts" despite it being far easier for an alt to move in % terms due to its relatively smaller cap. Again, a great bullish signal, indicating money in the "crypto ecosystem" is moving into a quality asset over time.

Retail investors (and obviously the institutional investors of finance) are understanding that Bitcoin is not crypto.

Obsidian - the best advice I can give to you, or anyone, is simply to stack and HODL. Imagine reading this thread in 10 years time how you will feel if you don't start now. You still have a massive head start over most the rest of the world, both in terms of knowledge, access to Sats, and access to money to convert into Sats. Do not squander this very obvious opportunity.

This is not retail  buying.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 06, 2023, 01:33:23 AM
Quote from: Theoak* on December 05, 2023, 02:40:02 PM
This is not retail  buying.

Combination of both retail, institutional, and sovereign wealth funds.

We know for sure that long term retail Bitcoiners continue to HODL and accumulate Sats.

We know that some who were in and now out (in last cycle) are sensing its time to re-enter.

We also know that first time retail buyers are also entering, Mums and Dads and Taxi drivers etc becoming interested again.
 
With everyone HODLing, it does not take much additional demand to move price.

Of course we have more nimble family offices, HNWs, and hedge funds accumulating. And we see some larger wallets accumulating also (quite possibly institutional).

And we have evidence (and also rumors) that various Governments are buying (or considering  - for example the sovereign wealth fund of Qatar is rumored to be poised to make a half trillion investment in Bitcoin - if that really happens, the impact on price, and on global interest in this asset, will be mind-blowing.)

But the really big driver, over time, in the immediate future, will be the US BTC ETF's. If we really see approvals next year, this will be a game changer in terms of funds consistently flowing in.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on December 06, 2023, 02:37:50 AM
Quote from: gib on December 06, 2023, 01:33:23 AM
Combination of both retail, institutional, and sovereign wealth funds.

We know for sure that long term retail Bitcoiners continue to HODL and accumulate Sats.

We know that some who were in and now out (in last cycle) are sensing its time to re-enter.

We also know that first time retail buyers are also entering, Mums and Dads and Taxi drivers etc becoming interested again.
 
With everyone HODLing, it does not take much additional demand to move price.

Of course we have more nimble family offices, HNWs, and hedge funds accumulating. And we see some larger wallets accumulating also (quite possibly institutional).

And we have evidence (and also rumors) that various Governments are buying (or considering  - for example the sovereign wealth fund of Qatar is rumored to be poised to make a half trillion investment in Bitcoin - if that really happens, the impact on price, and on global interest in this asset, will be mind-blowing.)

But the really big driver, over time, in the immediate future, will be the US BTC ETF's. If we really see approvals next year, this will be a game changer in terms of funds consistently flowing in.

They dont have disposable income or stimmy checks. This is not the same market micro-structure as 2020.

This is all institutional and OG crypto money on the move.

Majority retail will come later on, like usual, late to the party.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on December 06, 2023, 02:40:24 AM
Quote from: obsidian on December 05, 2023, 10:25:01 AM
BTC is on a roll for sure. At 43.5K now. Maybe it will shoot up to 50K soon. Will be interesting to see if BTC breaks the ATH price before the halving next year.

The experts agree that the halving at this point won't have any significant influence on the price anymore.

I guess the upcoming ETF might pump it up one last time slightly above the all-time high, and after that, the BTC/Crypto craze will eventually die off once and for all...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 06, 2023, 03:07:48 AM
Quote from: Theoak* on December 06, 2023, 02:37:50 AM
They dont have disposable income or stimmy checks. This is not the same market micro-structure as 2020.

This is all institutional and OG crypto money on the move.

Majority retail will come later on, like usual, late to the party.

I would say we will also see many conservative yet huge sources of institutional wealth come in over time (and yes of course many retail investors. The good thing is that if BTC's rise in infinitely up against fiat over time, then its never "too late" to enter.

But entry point will of course influence total % gain. You know the old saying - "Everyone gets Bitcoin at the price they deserve.."
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 06, 2023, 03:10:50 AM
Quote from: affeman on December 06, 2023, 02:40:24 AM
The experts agree that the halving at this point won't have any significant influence on the price anymore.

I guess the upcoming ETF might pump it up one last time slightly above the all-time high, and after that, the BTC/Crypto craze will eventually die off once and for all...

2 comments .

1. "Bitcoin, not crypto". Learn the distinction. Others will also.

2. Any halving, in theory should be "priced in". In reality, for many reasons, its not. Very simply, if demand remains constant, and new supply suddenly halves, then the price for that halved supply will increase.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on December 06, 2023, 03:59:40 AM
Folks, retail isn’t even in yet. Let’s just say I work on the retail side (although I deal with institutional business) for one of the big 3 financial services firms in the world and have seen very little change in the positions held at DTC from a year ago to now.

Retail is going to come once the ETFs are approved.

Oh, and another thing, the ETF approvals are not going to be sell-the-news events. There are millions of retirement accounts out there, with hundreds of thousands and even millions of dollars in them, waiting to go in. Once that happens, we will see Bitcoin hot numbers we thought were impossible. Don’t confuse a futures product, which is an institutional toy, to an ETF.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 06, 2023, 06:48:38 AM
Quote from: Slapper on December 06, 2023, 03:59:40 AM
Folks, retail isn’t even in yet. Let’s just say I work on the retail side (although I deal with institutional business) for one of the big 3 financial services firms in the world and have seen very little change in the positions held at DTC from a year ago to now.

Retail is going to come once the ETFs are approved.

Oh, and another thing, the ETF approvals are not going to be sell-the-news events. There are millions of retirement accounts out there, with hundreds of thousands and even millions of dollars in them, waiting to go in. Once that happens, we will see Bitcoin hot numbers we thought were impossible. Don’t confuse a futures product, which is an institutional toy, to an ETF.

Fully agree Slapper. By "retail" I meant individuals buying directly via exchanges and peer to peer - not direct via banks who offer BTC.

I move between a range of global jurisdictions for tax reasons, and have private banking relationships in each. I can confirm that the banks I bank with are only just really starting to offer BTC directly (as in the last 12 months or so). (They started cautiously with HNWs, then more to general customers, and all KYC compliant. But I do now see a BTC balance in the calculation among my total assets, and I can buy via an app on my phone.

When I enquire to my bankers about BTC demand from clients, they tell me there is growing interest, but still very low. If anything, the typical client still sees gold in the way the younger generation see BTC (and many of the "investment advisors" still feel more comfortable recommending gold). And of course the banks also allow you to store physical gold with them. But they are all consistent, interest in BTC is growing, and yes, the ETF approval is what will lead to their clients feeling more comfortable to move in and similarly for advisors to recommend a BTC ETF allocation.

It will be interesting to see how much the ETF's charge for management fee. As a comparison, the banks I am with are at 30 to 50 bps a year custody fee. They also charge a little more for purchase transaction fee than an exchange would.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on December 06, 2023, 07:49:53 AM
Quote from: Slapper on December 06, 2023, 03:59:40 AM
Folks, retail isn’t even in yet. Let’s just say I work on the retail side (although I deal with institutional business) for one of the big 3 financial services firms in the world and have seen very little change in the positions held at DTC from a year ago to now.

Retail is going to come once the ETFs are approved.

Oh, and another thing, the ETF approvals are not going to be sell-the-news events. There are millions of retirement accounts out there, with hundreds of thousands and even millions of dollars in them, waiting to go in. Once that happens, we will see Bitcoin hot numbers we thought were impossible. Don’t confuse a futures product, which is an institutional toy, to an ETF.


Gold ETF. If this is any indication  it will be buy the rumour, buy the news.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 06, 2023, 10:28:50 AM
Just out of interest, after Covid, I bought equal shares in the following US stocks (none of which I owned prior to then):

Alphabet - up 18%
Amazon - up 25%
Berkshire Hathaway - up 27%
Microsoft - up 44%

And the best performer...

MicroStrategy - up 104%
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 06, 2023, 11:42:21 AM

Dominance moving up to a point where last time it signalled a brief top.

With all 100x more token and NFT projects available the market is heavily diluted so I’d be surprised if we actually get to 60.

You guys beginning to sound euphoric but it would be funny if we ran straight to 76k early 2024 and it died in the ass for another 4yrs.

The last dominance move up took 577 days which if repeated takes us out to July 2024.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: unreasonablereasons on December 06, 2023, 11:46:02 AM
one of you smart guys tell me if NEGG will go up over time
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on December 06, 2023, 12:15:36 PM
Quote from: Mayday on December 06, 2023, 11:42:21 AM
Dominance moving up to a point where last time it signalled a brief top.

With all 100x more token and NFT projects available the market is heavily diluted so I’d be surprised if we actually get to 60.

You guys beginning to sound euphoric but it would be funny if we ran straight to 76k early 2024 and it died in the ass for another 4yrs.

The last dominance move up took 577 days which if repeated takes us out to July 2024.

Suggesting the top of the next bull run is 9% higher the top of last bull run? Given that there is no Do Kwon, DCG, SBF, CZ and a whole host of other shitcoin casinos and nefarious actors trying to suppress the price.?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 06, 2023, 01:03:36 PM
Quote from: Mayday on December 06, 2023, 11:42:21 AM
Dominance moving up to a point where last time it signalled a brief top.

With all 100x more token and NFT projects available the market is heavily diluted so I’d be surprised if we actually get to 60.

You guys beginning to sound euphoric but it would be funny if we ran straight to 76k early 2024 and it died in the ass for another 4yrs.

The last dominance move up took 577 days which if repeated takes us out to July 2024.

Dominance looks like it's repeating the 2018/19 run and rising with rates/until cuts. Cuts will probably the tentative sell point for me so March 2024, although I wouldn't be surprised if Jan 31 ended up being the first cut.

(https://www.getbig.com/boards/index.php?action=dlattach;topic=574601.0;attach=1478301;image)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 07, 2023, 08:08:12 AM
ETH  continuing to bounce hard here off ethbtc support lows would also track the above as this also happened 2018/19.

May 2019 ETH broke to the upside of a rising wedge exactly 4 months after rates peaked. It is now exactly 4 months since rates peaked and ETH is now close to breaking out to the upside of another rising wedge.

(https://www.getbig.com/boards/index.php?action=dlattach;topic=574601.0;attach=1478441;image)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 07, 2023, 11:55:36 AM
Quote from: Theoak* on December 06, 2023, 12:15:36 PM
Suggesting the top of the next bull run is 9% higher the top of last bull run? Given that there is no Do Kwon, DCG, SBF, CZ and a whole host of other shitcoin casinos and nefarious actors trying to suppress the price.?

Yes. I had estimated 55k peak for the last run until I listened to gurus saying 200k+. I have 76k this time. I also bought at 17.5k so at least left to my own devices I can see the entry/exit better than anyone I have listened to. Hence I’m following my own advice this time instead of last time.

The space is far from cleansed.

eUSD launches in 2024 which means stablecoins are on the hit list this time around. All those yielding in stables is what will cause the collapse IMO. It’ll rinse the shit out of everything stables go and Blackrock will have their ETF launched at the right time.

I have BTC on a solid run post 2030.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 08, 2023, 03:02:51 AM
Quote from: Mayday on December 07, 2023, 11:55:36 AM

eUSD launches in 2024 which means stablecoins are on the hit list this time around. All those yielding in stables is what will cause the collapse IMO. It’ll rinse the shit out of everything stables go and Blackrock will have their ETF launched at the right time.

I have BTC on a solid run post 2030.

Bear in mind also that once the global powers that be of finance are aligned around Bitcoin, which is about to happen, they will all be highly incentivized to support the crackdown on shitcoins and shitcoin exchanges. Again, another reason to be very weary of shiny new things in the shitcoin space such as Solana not to mention scams from the prior cycle such as XRP.

Head down, ignore the noise, solidly stacking sats and hodling will serve us very well over time, even though it means missing out on some exciting shitcoinery along the way...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on December 08, 2023, 03:44:10 AM
ETH is making BTC it's lil bitch right now :o
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on December 08, 2023, 04:10:48 AM
Quote from: affeman on December 08, 2023, 03:44:10 AM
ETH is making BTC it's lil bitch right now :o

Incoming wall of text from Gib
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 08, 2023, 07:12:41 AM
Quote from: affeman on December 08, 2023, 03:44:10 AM
ETH is making BTC it's lil bitch right now :o

Which expert did you hear this from because this is a horrible take on subject?

If you wanted to shit on Bitcoin maxis this is not how you do it.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 08, 2023, 07:16:04 AM
Lol - exactly. BTC is decentralized digital money / (Eth is not).

And then even if you were to compare them, BTC has 4x the market cap of Eth (and of course an even greater market cap than any other shit coin out there).

Not to mention, that if you take a more reasonable time period, such as the beginning of the year, BTC has WAY outperformed Eth, despite Eth's much smaller market cap and traditionally higher delta.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 08, 2023, 07:20:43 AM
Quote from: gib on December 08, 2023, 07:16:04 AM
Lol - exactly. BTC is decentralized digital money / (Eth is not).

And then even if you were to compare them, BTC has 4x the market cap of Eth (and of course an even greater market than any other shit coin).
BTC currently has 2.97x the market cap of ETH. Not 4x. When you add the L2s and stable coins the lead is even less. ETH might flip BTC this bull run, for a short period. I'll admit BTC has been outpacing ETH this year, as it did in late 2017 and 2020. There's been more FUD directed at ETH. I like the underdog.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 08, 2023, 07:22:38 AM
Quote from: affeman on December 08, 2023, 03:44:10 AM
ETH is making BTC it's lil bitch right now :o
Look at Cardanzo and Solana!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on December 08, 2023, 02:10:09 PM
Quote from: affeman on December 08, 2023, 03:44:10 AM
ETH is making BTC it's lil bitch right now :o

That was short lived. Only thing worse than a shitcoiner is a non coiner. Enjoy your coca cola stocks and HISA.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 08, 2023, 03:22:41 PM
Quote from: Slapper on December 05, 2023, 01:49:33 PM
Folks, reminder: Don’t let the charlatans separate you from your (future) money.

There is a very high possibility that,  because we fell short in last bull market (price-wise,) we’re going to make up for it big time. This blow off top looks and sounds like it’s going to be insane.

No there isn’t. This is a repeat of last run except now it’s 500k-1M price target otherwise people won’t bother buying at 40k.

Big players buy larger bags and dump earlier than before = diminished returns.

Sky high Price targets are not on the cards at all until AFTeR we complete the interest rate cycle of higher rates. This will be Post 2030.

The ‘experts’ in 2021 were all wrong. All of them. All their newsletters got people wrecked. I know because I subscribed to shitloads and all were wrong.

Crypto ‘gurus’ are no different to Wall St, they can’t trade for shit so they sell services and make the money off fees. The trade accounts are mostly fake anyway, Demo accounts.

The good news is loads of fuckers who make millions scamming us plebs lost either all of it or the majority of their gains. I’m talking some lost 10s of millions post peak and they make out like it’s nothing. Pure gambling degenerates.


The looming question is still ‘where are all these projects in the real world?’. We are 3yrs now and all the talk of gaming last cycle I can’t see any major games adopting crypto. They all use their own in game currency for now which you buy with USD, not crypto.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on December 08, 2023, 05:34:15 PM
Quote from: Mayday on December 08, 2023, 03:22:41 PM
No there isn’t. This is a repeat of last run except now it’s 500k-1M price target otherwise people won’t bother buying at 40k.

Big players buy larger bags and dump earlier than before = diminished returns.

Sky high Price targets are not on the cards at all until AFTeR we complete the interest rate cycle of higher rates. This will be Post 2030.

The ‘experts’ in 2021 were all wrong. All of them. All their newsletters got people wrecked. I know because I subscribed to shitloads and all were wrong.

Crypto ‘gurus’ are no different to Wall St, they can’t trade for shit so they sell services and make the money off fees. The trade accounts are mostly fake anyway, Demo accounts.

The good news is loads of fuckers who make millions scamming us plebs lost either all of it or the majority of their gains. I’m talking some lost 10s of millions post peak and they make out like it’s nothing. Pure gambling degenerates.


The looming question is still ‘where are all these projects in the real world?’. We are 3yrs now and all the talk of gaming last cycle I can’t see any major games adopting crypto. They all use their own in game currency for now which you buy with USD, not crypto.

I think you're wrong and perhaps burnt by these so called "experts". Not only  do I think btc will surpass 76k, but actually  eclipse it. End of the day who cares whether 20k, 40k, 69k short term when the likely hood of btc going to 1m+ Iong term is in play.

These big institutions, companies, UHNW individuals, countries, states, banks you speak  of will look to hold btc on their balance sheet for 5-10+ years.  People turn to trading because they have no conviction.  Why sell if you kmow it will go up for 5-10 years.

Those btc Maxi's who purchased sub 1k and degened in have conviction, they sit on 10s of millions and are down 10s of millions but are  unphased due to conviction.

Shitcoiners complain about "toxic btc maximalist culture" while they scam people out of their money. If the best they can do is complain about our attitude, we've won.

Bitcoin Maximalism is toxic to grifters, schemers and affinity scammers.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: blackpele on December 09, 2023, 08:58:17 AM
Quote from: Theoak* on December 08, 2023, 05:34:15 PM
I think you're wrong and perhaps burnt by these so called "experts". Not only  do I think btc will surpass 76k, but actually  eclipse it. End of the day who cares whether 20k, 40k, 69k short term when the likely hood of btc going to 1m+ Iong term is in play.

These big institutions, companies, UHNW individuals, countries, states, banks you speak  of will look to hold btc on their balance sheet for 5-10+ years.  People turn to trading because they have no conviction.  Why sell if you kmow it will go up for 5-10 years.

Those btc Maxi's who purchased sub 1k and degened in have conviction, they sit on 10s of millions and are down 10s of millions but are  unphased due to conviction.

Shitcoiners complain about "toxic btc maximalist culture" while they scam people out of their money. If the best they can do is complain about our attitude, we've won.

Bitcoin Maximalism is toxic to grifters, schemers and affinity scammers.

Agree 100%, I invested close to $20k in all these shitcoins and nfts in the last cycle and got wrecked, if instead I DCAed into BTC, I would have been much better, but I was chasing the higher yield like a fool....
To me the biggest threat to BTC is quantum computers, other than that I see no reason why not to go higher long term, I mean maxis are not selling, fiat is losing value as always, builders are building, etc.....
I mean if you go back 5-10yrs in coinmarketcap, you will see all these coins that are completely gone, who is to tell me that maybe apart from ETH, coins like SOL, ADA, DOT and all the others will be here in 10-20yrs down the line, but I guess that's why there is higher upside in all these projects lol......
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 09, 2023, 09:35:58 AM
Quote from: blackpele on December 09, 2023, 08:58:17 AM
Agree 100%, I invested close to $20k in all these shitcoins and nfts in the last cycle and got wrecked, if instead I DCAed into BTC, I would have been much better, but I was chasing the higher yield like a fool....
To me the biggest threat to BTC is quantum computers, other than that I see no reason why not to go higher long term, I mean maxis are not selling, fiat is losing value as always, builders are building, etc.....
I mean if you go back 5-10yrs in coinmarketcap, you will see all these coins that are completely gone, who is to tell me that maybe apart from ETH, coins like SOL, ADA, DOT and all the others will be here in 10-20yrs down the line, but I guess that's why there is higher upside in all these projects lol......
Coinmarketcap makes it difficult to see 3 and 5 year gains. Where's the setting to see that?

I prefer coinranking.com. Simpler interface.

https://coinranking.com/

Doge is up 4,608% from 5 years ago. Bitcoin is up 1,188%. ETH is up 2,507%. BNB is up 5,060%
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 09, 2023, 11:26:43 AM
Quote from: Theoak* on December 08, 2023, 05:34:15 PM
I think you're wrong and perhaps burnt by these so called "experts". Not only  do I think btc will surpass 76k, but actually  eclipse it. End of the day who cares whether 20k, 40k, 69k short term when the likely hood of btc going to 1m+ Iong term is in play.

These big institutions, companies, UHNW individuals, countries, states, banks you speak  of will look to hold btc on their balance sheet for 5-10+ years.  People turn to trading because they have no conviction.  Why sell if you kmow it will go up for 5-10 years.

Those btc Maxi's who purchased sub 1k and degened in have conviction, they sit on 10s of millions and are down 10s of millions but are  unphased due to conviction.

Shitcoiners complain about "toxic btc maximalist culture" while they scam people out of their money. If the best they can do is complain about our attitude, we've won.

Bitcoin Maximalism is toxic to grifters, schemers and affinity scammers.

Correct! I did get burned because they were all wrong on BTC price estimates. I still made money tho despite it.

The fact is I was -20% under on my calculated peak BTC valuation and the experts got it 10x more wrong.l than I did.

If I look at my own track record:
2021 peak estimate of 55k is -20% off
17.5k bottom I bought in at was +13% off (I went it before the drop to 15.5k)
Next peak  at 76k might be somewhat close

The good part of retail mentality is it’s repeatable. people will always want to touch the wet paint rather than listen to someone tell them it’s wet. Meaning retail will go with the higher valuations experts again and this time I am seeing 500k-1M being thrown around just like 200k was last time.

Just like last time the cycles no longer mattered yet it turns out they did. This time apparently the cycles don’t matter…… wet paint……
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: blackpele on December 09, 2023, 11:33:05 AM
Quote from: obsidian on December 09, 2023, 09:35:58 AM
Coinmarketcap makes it difficult to see 3 and 5 year gains. Where's the setting to see that?

I prefer coinranking.com. Simpler interface.

https://coinranking.com/

Doge is up 4,608% from 5 years ago. Bitcoin is up 1,188%. ETH is up 2,507%. BNB is up 5,060%

https://coinmarketcap.com/historical/

Go back 10yrs, January '14, the only coins that are still around apart from BTC is Doge, LTC and XRP, everything else is just gone....

https://coinmarketcap.com/historical/20140105/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 09, 2023, 12:04:28 PM
Quote from: blackpele on December 09, 2023, 11:33:05 AM
https://coinmarketcap.com/historical/

Go back 10yrs, January '14, the only coins that are still around apart from BTC is Doge, LTC and XRP, everything else is just gone....

https://coinmarketcap.com/historical/20140105/
Your link only shows a snapshot of the price on that date. Where does coinmarketcap show the increase in price over 3 or 5 years? Coinranking makes this easy via a dropdown menu. That way you can gauge how projects are performing over longer periods. Coinmarketcap sucks!

Forget about that site and go here:

https://coinranking.com/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 09, 2023, 12:08:19 PM
Coinmarketcap can only show price increase for the past 7 days? WTF?! That's useless. How can you gauge a project's performance over such a short period? The site is useless.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 09, 2023, 12:10:15 PM
Quote from: blackpele on December 09, 2023, 11:33:05 AM
https://coinmarketcap.com/historical/

Go back 10yrs, January '14, the only coins that are still around apart from BTC is Doge, LTC and XRP, everything else is just gone....

https://coinmarketcap.com/historical/20140105/
Yahoo Finance's historical data is way more detailed than coinmarketcap. I see most youtube influencers refer to coinmarketcap. Why?! Coinranking is a lot more useful.

https://finance.yahoo.com/quote/BTC-USD/history/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Agnostic007 on December 09, 2023, 09:10:14 PM
Lets cut through the chase. When BC drops to the 32 range buy.. hold it.. you'll thank me later. Should happen before Jan 30.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 10, 2023, 01:26:24 AM
Nice to see some commonsense and some lessons which have been learned here. :)

Quote from: Theoak* on December 08, 2023, 02:10:09 PM
Only thing worse than a shitcoiner is a non coiner.

Exactly. And the sad thing is, many shitcoiners are non coiners (or at least not yet whole coiners, which should be everyone's priority before they start dabbling in shit).

Quote from: Mayday on December 08, 2023, 03:22:41 PM

Sky high Price targets are not on the cards at all until AFTeR we complete the interest rate cycle of higher rates.


Agree. Lower rates, money printing and financial liquidity = positive for Bitcoin.

Quote from: Mayday on December 08, 2023, 03:22:41 PM

The looming question is still ‘where are all these projects in the real world?’. We are 3yrs now and all the talk of gaming last cycle I can’t see any major games adopting crypto. They all use their own in game currency for now which you buy with USD, not crypto.

Almost none. All this alt shit really is just basically shit. The quicker most people realize the better. And even those which are not entirely shit and actually do have a use case (less than 1% of all alts) I would say, only 1% are fairly priced. Most of the very small number of "legit" alts are usually WAY overpriced for what they represent. Often 100-1000x any reasonable price that you would use in a typical VC calculation. The only alt with a legit use which is actually growing, and which is at  fair (but still not cheap) price I have found after many hours of research is Filecoin (FIL). Does not have the hype of so much shit out there, but has the best prospects of a return based on current price and usage. Go figure...

Quote from: Theoak* on December 08, 2023, 05:34:15 PM

These big institutions, companies, UHNW individuals, countries, states, banks you speak  of will look to hold btc on their balance sheet for 5-10+ years.  People turn to trading because they have no conviction.  Why sell if you kmow it will go up for 5-10 years.

Those btc Maxi's who purchased sub 1k and degened in have conviction, they sit on 10s of millions and are down 10s of millions but are  unphased due to conviction.

Shitcoiners complain about "toxic btc maximalist culture" while they scam people out of their money. If the best they can do is complain about our attitude, we've won.

Bitcoin Maximalism is toxic to grifters, schemers and affinity scammers.

Love it. 100% agree!

Quote from: blackpele on December 09, 2023, 08:58:17 AM
Agree 100%, I invested close to $20k in all these shitcoins and nfts in the last cycle and got wrecked, if instead I DCAed into BTC, I would have been much better, but I was chasing the higher yield like a fool....

I mean if you go back 5-10yrs in coinmarketcap, you will see all these coins that are completely gone, who is to tell me that maybe apart from ETH, coins like SOL, ADA, DOT and all the others will be here in 10-20yrs down the line, but I guess that's why there is higher upside in all these projects lol......

Love it. And great to see some new posters spreading wisdom from lessons learned.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 10, 2023, 01:54:45 PM
Quote from: Mayday on December 08, 2023, 03:22:41 PM
The looming question is still ‘where are all these projects in the real world?’. We are 3yrs now and all the talk of gaming last cycle I can’t see any major games adopting crypto. They all use their own in game currency for now which you buy with USD, not crypto.

That's not gonna happen, but games developers are launching games on crypto platforms. IMX has over 400 games they plan to launch.

Ideally the quality of the games is what will determine if the whole thing is successful and not the fact that it has anything to do with crypto.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 10, 2023, 01:59:31 PM
Quote from: Flexacon on November 09, 2023, 09:25:36 PM
This recent boom was on the back of ETH spot ETF news. ETH yield could potentially be a huge draw for boomers

FOMO got me so I'm chasing  :D  Bought my first big tranche of Alts. Celestia TIA at just under $2.5 (at $2.6 now)

Up x4 in a month. Love being a lucky shit coiner
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 14, 2023, 04:38:30 AM
Time to get ready to blast through 44.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 18, 2023, 07:49:36 AM
Quote from: gib on December 14, 2023, 04:38:30 AM
Time to get ready to blast through 44.

It did look good for a  blast through, but at the time the situation with Ledger looked to put a break on that move.  It may need to go lower now before it can go higher.

ETH is also looking very bearish. It may need some of that good spot ETF moment to counter some of the FUD going around.

I'll take my lucky x5 on TIA and cash it out TAX FREE
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 18, 2023, 08:13:37 AM
Quote from: Flexacon on December 18, 2023, 07:49:36 AM
It did look good for a  blast through, but at the time the situation with Ledger looked to put a break on that move.  It may need to go lower now before it can go higher.

ETH is also looking very bearish. It may need some of that good spot ETF moment to counter some of the FUD going around.

I'll take my lucky x5 on TIA and cash it out TAX FREE

In the long run, BTC is unstoppable in my view.

The market often confuses matters incidental to Bitcoin with Bitcoin itself. Bitcoin doesn't give a shit about Ledger's f-up, nor any bullshit scam exchange, nor any bullshit coin that seeks some affinity with Bitcoin. In the long term, Bitcoin always prevails.

As for Eth, yes, the alt and shitcoiners are learning a lesson that last cycle's "shiny new objects", which did well coming from a very low market cap, will not perform as it did against BTC in future cycles, both because the market has sniffed out their bullshit, but also due to the larger market cap of such shitcoins. Would not surprise me at all if ETH actually underperforms BTC this cycle (far from the 5x some Eth zelots were predicting).

The dollars and cent Robin Hood alt degens, have focused their hopes on the next "shiny new object" (Solana as an example). All these alts are that absolute BS, yet they attract investors who really have no idea at all, beyond believing a BS narrative about how the latest coin will send the world.

I would keep it very simple. There is no second best Bitcoin. And there is only one Bitcoin. If investing in a alt, understand you are buying a token in an unregistered security, whose business is extremely likely to fail. (One rare exception I have found where the coin really does equate with a profit making business which is growing is Filecoin).

Further, it is very likely that once the titans of finance on Wall St have their BTC etf, they will apply huge force to ensure exchanges stop selling any kind of unregistered security. Quite possibly all will be removed from US exchanges. That really could be the plan. Remove SBF and CZ. Do the EFT with the adults in the room. And then crack down on the alts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 18, 2023, 09:16:23 AM
Quote from: gib on December 18, 2023, 08:13:37 AM
In the long run, BTC is unstoppable in my view.

The market often confuses matters incidental to Bitcoin with Bitcoin itself. Bitcoin doesn't give a shit about Ledger's f-up, nor any bullshit scam exchange, nor any bullshit coin that seeks some affinity with Bitcoin. In the long term, Bitcoin always prevails.

As for Eth, yes, the alt and shitcoiners are learning a lesson that last cycle's "shiny new objects", which did well coming from a very low market cap, will not perform as it did against BTC in future cycles, both because the market has sniffed out their bullshit, but also due to the larger market cap of such shitcoins. Would not surprise me at all if ETH actually underperforms BTC this cycle (far from the 5x some Eth zelots were predicting).

The dollars and cent Robin Hood alt degens, have focused their hopes on the next "shiny new object" (Solana as an example). All these alts are that absolute BS, yet they attract investors who really have no idea at all, beyond believing a BS narrative about how the latest coin will send the world.

I would keep it very simple. There is no second best Bitcoin. And there is only one Bitcoin. If investing in a alt, understand you are buying a token in an unregistered security, whose business is extremely likely to fail. (One rare exception I have found where the coin really does equate with a profit making business which is growing is Filecoin).

Further, it is very likely that once the titans of finance on Wall St have their BTC etf, they will apply huge force to ensure exchanges stop selling any kind of unregistered security. Quite possibly all will be removed from US exchanges. That really could be the plan. Remove SBF and CZ. Do the EFT with the adults in the room. And then crack down on the alts.

A consolidated Robinhood wallet has the 3rd biggest holdings of bitcoin out there ($3B). Not all bitcoin holders are maxis, some degen into alts to print multiples then roll it up into bitcoin.

Sol was already banned (labelled a security) in the US by the SEC earlier in the year and that hasn't stopped it in the last couple of months. Why fade these things in the short term? I certainly won't be cutting off my nose just to spite my face.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 18, 2023, 09:35:16 AM
Quote from: Flexacon on December 18, 2023, 09:16:23 AM
A consolidated Robinhood wallet has the 3rd biggest holdings of bitcoin out there ($3B). Not all bitcoin holders are maxis, some degen into alts to print multiples then roll it up into bitcoin.

Sol was already banned (labelled a security) in the US by the SEC earlier in the year and that hasn't stopped it in the last couple of months. Why fade these things in the short term? I certainly won't be cutting off my nose just to spite my face.

Yes that is true about Robinhood, although bear in mind almost all exchanges hold their BTC across multiple wallets. RH seem to hold all in one wallet for some reason.

The SEC does not need to label anything a security for it to be a security. The SEC's job is to enforce securities laws, and the laws as to what is a security are already very clear. Sol will always be Sol, regardless of what the SEC says. However, they can prosecute the founders if they are in the US, and they can ask (and indeed compel) US exchanges to delist, which would massively dent liquidity and confidence in such an "alt".

Alts are a natural enemy to Bitcoin, in that they parasite off all the goodwill and legitimacy Bitcoin has, in attempt to try to steal a little of BTC's value. Its insidious stuff which in the long term only always hurts those holding alts when the scam collapses. But yes, if you time it right (just like with any scam and Ponzi or pyramid scheme), you can "make money" which you then convert back into BTC. Basic mathematics dictate that most people will not make money, with this approach, but that a smaller number will make a lot. And of course very alt "investor" thinks they are a genius, until they are not...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on December 18, 2023, 10:21:07 AM
Long time since I've participated in this thread, but for what it's worth, I've consolidated all the money I had in crypto into 2 "coins".

Hold 1 Bitcoin and a few thousand in Chainlink. That's it.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 18, 2023, 10:26:47 AM
Quote from: OneMoreRep on December 18, 2023, 10:21:07 AM
Long time since I've participated in this thread, but for what it's worth, I've consolidated all the money I had in crypto into 2 "coins".

Hold 1 Bitcoin and a few thousand in Chainlink. That's it.

"1"

Nice - smart move. The best "alt" in my view, is one which you can sit on for a decade, and which you know has a prospect of long term survival and success. Chainlink is one of these I think.

I am 95% BTC and then a few "alts" for shits and giggles, much as I despite them. :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OneMoreRep on December 18, 2023, 10:52:39 AM
Quote from: gib on December 18, 2023, 10:26:47 AM
Nice - smart move. The best "alt" in my view, is one which you can sit on for a decade, and which you know has a prospect of long term survival and success. Chainlink is one of these I think.

I am 95% BTC and then a few "alts" for shits and giggles, much as I despite them. :)

Hard to resist not keeping to BTC with all the ETF talk.

Chainlink is in bed with SWIFT. For what that's worth, that's a huge partner to have and worthy of respect. Not to mention that as an oracle product, it connects everything. Has enough potential real-world function from my viewpoint.

"1"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Taffin on December 18, 2023, 10:59:51 AM
Had a nice surprise a moment ago thanks to this thread.  Since I am homeless by GetBig standards I started by putting just a teensy £10k into it in 2022 - but ended up pulling some out for various reasons.  And I didn't look at it again this year since some time in January.  When I checked a moment ago, my pitiful remaining BTC 'investment' moved from ~£4800 in Jan to ~£6400 today

Zero effort LOL - sweet
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 19, 2023, 02:29:23 AM
Quote from: Taffin on December 18, 2023, 10:59:51 AM
Had a nice surprise a moment ago thanks to this thread.  Since I am homeless by GetBig standards I started by putting just a teensy £10k into it in 2022 - but ended up pulling some out for various reasons.  And I didn't look at it again this year since some time in January.  When I checked a moment ago, my pitiful remaining BTC 'investment' moved from ~£4800 in Jan to ~£6400 today

Zero effort LOL - sweet

Well Taffin - now the dilemma you have is whether to sell or not. Right now, Wall St is desperate to get their hands on your Bitcoin. My suggestion is to fight to retain what you have. Do not give it up. Indeed, if you can acquire more now, do so.

You will thank yourself later.

For anyone here who is still not a wholecoiner, you still have the opportunity, but it is fading fast. Do what you can to stack those Sats and then just HODL.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 20, 2023, 06:36:14 AM
Quote from: gib on December 14, 2023, 04:38:30 AM
Time to get ready to blast through 44.

Well, and as I told you, there we have 44K. Easy. We may bounce around a bit, but the near term (and long term) trend is upwards.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on December 20, 2023, 02:16:58 PM
I told you when Solana was at 16 to sell your house and car
to buy massively.
Ethereum and Bitcoin have fees that are too high and are too slow
and need multiple additionnal stupid layers.
They will collapse in 2024, all investors will convert in Sol.
The release of Fire Dancer will provide the first impetus to its conquest of the first market capitalization.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 20, 2023, 10:08:52 PM
Quote from: French on December 20, 2023, 02:16:58 PM
I told you when Solana was at 16 to sell your house and car
to buy massively.
Ethereum and Bitcoin have fees that are too high and are too slow
and need multiple additionnal stupid layers.
They will collapse in 2024, all investors will convert in Sol.
The release of Fire Dancer will provide the first impetus to its conquest of the first market capitalization.

Well done on the gains. You can already have a very impressive DEX experience with Solana. Last bull run small cap fun was on BNBSC, this run now might be the time for some fun wif small caps on Solana  ;)  Dapps like Jupiter, Orca and Raydium make it all incredibly easy to use.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 20, 2023, 10:59:17 PM
Quote from: French on December 20, 2023, 02:16:58 PM
I told you when Solana was at 16 to sell your house and car
to buy massively.
Ethereum and Bitcoin have fees that are too high and are too slow
and need multiple additionnal stupid layers.
They will collapse in 2024, all investors will convert in Sol.
The release of Fire Dancer will provide the first impetus to its conquest of the first market capitalization.

I don't recall that. Can you quote the post where you did this?

I do recall Obsidian recommending Solana when it was at $250, the absolute peak before its collapse in November 2021. :)

However, either way, Solana has nothing to do with Bitcoin, other than that in every Bitcoin cycle, we will see a "shiny new thing" with a lower market cap, receive some benefit from BTC's rise, and as a result of that smaller market cap, outperform BTC for a period of time (until it doesn't). The ETH fanboys of last cycle are now learning that lesson, let alone everyone else who dabbed in shitcoinery.

I have received a few personal messages what "alts" I would "recommend". I am reluctant to reply to those, and I have explained before why there is a fundamental distinction between alts, shitcoins, penny stocks, Ponzi and pyramid schemes, venture capital investments, unregistered securities etc, and BITCOIN. However, in case anyone really is interested, to the extent you can classify all this as "crypto", I have around 95% in BTC, and then the remainder 5% in alts as follows:

-ETH
-Filecoin
-ChainLink
-Solana
-Uniswap
-Aave
-1 Inch

That by no means should be taken as a suggestion from me that these are good "investments". However, I am fine to sit on them for the next decade and HODL long term, or offload on any surge. And indeed, it would not surprise me at all if for a period of time they do outperform BTC. They are fun to watch jump around, but not to be taken seriously.

But just remember, shitcoins come and go every cycle. Almost all will fail long term. As opposed to BTC which will always only rise over time. Every shitcoiner is a trading "genius', until they are not. Kind of like the story between the hare and the turtle...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 21, 2023, 12:00:16 AM
Quote from: gib on December 20, 2023, 10:59:17 PM
I don't recall that. Can you quote the post where you did this?

But just remember, shitcoins come and go every cycle. Almost all will fail long term. As opposed to BTC which will always only rise over time. Every shitcoiner is a trading "genius', until they are not. Kind of like the story between the hare and the turtle...

Maxi bitterness and copium in action. How sad.

Frenchie x5 his bag and the maxi doesn't want to believe it. He posted he had a bag of Solana when it was priced in the high teens
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 21, 2023, 01:09:29 AM
Quote from: French on December 20, 2023, 02:16:58 PM
I told you when Solana was at 16 to sell your house and car
to buy massively.
Ethereum and Bitcoin have fees that are too high and are too slow
and need multiple additionnal stupid layers.
They will collapse in 2024, all investors will convert in Sol.
The release of Fire Dancer will provide the first impetus to its conquest of the first market capitalization.
Congrats on your gains. Solana @ $86 is still 33% of its ATH of 2021. BTC and ETH did not crash as much as Solana did. It dropped all the way to $8.

I made stupid gains on Doge in 2021. I sold ETH for Doge and once that was substantially in profit bought back my original ETH and left the remainder of Doge as house money. That remainder blew up to above $110,000 just before Elon Musk's SNL appearance. Instead of cashing out some I held it all and it crashed right the fuck down to around $10,000. Still house money. but my distaste for paying taxes and FOMO cost me money. My plan was also to sell just before his SNL appearance because of the "Buy the Rumor, Sell the News" approach. I think I had a work deadline or something else prevented me from selling and when the price started to go down I just HODL'd it down - haha!

Just remember, nothing goes up forever. Expect a pullback with Solana at some point.

Bitcoin and Ethereum will not crash in 2024 because of Solana. Solana is a lot more centralized than both. It's fast at the expense of security. The trick is to have high decentralization and security, and also a high TPS. That's not easy to achieve. Current methods require a compromise. Rest assured the ETH developers are working on reducing the fees and increasing TPS. The coming upgrade will increase the TPS of the ETH L2's to match that of Solana - apparently. And L2s help with decentralization also. The only issue is that the L2's suppresses the ETH price to a certain extent. The lack of L2s on Solana helps its price.

ETH's current tokenomics is better than Solana's. It's seen -1% deflation often the past few days. The supply is expected to go below 120 million around February 2024. By the end of 2025 the supply is expected to be around 117.7 million. Solana's current inflation is around 5.6%, and will decrease by 15% every year until it will settle with an inflation of around 1.5%.

https://ultrasound.money/

https://www.techopedia.com/ethereum-vs-solana-battle-for-l1

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 21, 2023, 01:16:47 AM
Quote from: gib on December 20, 2023, 10:59:17 PM
I don't recall that. Can you quote the post where you did this?

I do recall Obsidian recommending Solana when it was at $250, the absolute peak before its collapse in November 2021. :)

However, either way, Solana has nothing to do with Bitcoin, other than that in every Bitcoin cycle, we will see a "shiny new thing" with a lower market cap, receive some benefit from BTC's rise, and as a result of that smaller market cap, outperform BTC for a period of time (until it doesn't). The ETH fanboys of last cycle are now learning that lesson, let alone everyone else who dabbed in shitcoinery.

I have received a few personal messages what "alts" I would "recommend". I am reluctant to reply to those, and I have explained before why there is a fundamental distinction between alts, shitcoins, penny stocks, Ponzi and pyramid schemes, venture capital investments, unregistered securities etc, and BITCOIN. However, in case anyone really is interested, to the extent you can classify all this as "crypto", I have around 95% in BTC, and then the remainder 5% in alts as follows:

-ETH
-Filecoin
-ChainLink
-Solana
-Uniswap
-Aave
-1 Inch

That by no means should be taken as a suggestion from me that these are good "investments". However, I am fine to sit on them for the next decade and HODL long term, or offload on any surge. And indeed, it would not surprise me at all if for a period of time they do outperform BTC. They are fun to watch jump around, but not to be taken seriously.

But just remember, shitcoins come and go every cycle. Almost all will fail long term. As opposed to BTC which will always only rise over time. Every shitcoiner is a trading "genius', until they are not. Kind of like the story between the hare and the turtle...
Can you find that Solana post of mine? I have never purchased or traded Solana. But as soon as we hit 2024 (for tax reasons) I will convert some shitcoins to Solana. I still have IOTA from back in 2017/18 when Matt C was all in on it. I remember the IOTA FOMO lol! It's still moving along as a project but turned out to be a disappointment.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 21, 2023, 02:57:29 AM
Here is the only post of French I can find on this topic:

Quote from: French on November 10, 2023, 03:29:47 AM
Solana will replace Ethereum.
All layers in one Blockchain
Faster, no fees, decentralized, Web3 leader, payment, transactions, smart contracts, NFT champions..

Soon at 80 then 120, 360, 690, 1400 $

Price was around $60 at that time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 21, 2023, 03:00:08 AM
And here is the quote from Obsidian for what its worth. Tooke me a while go find it, but a have a good memory! :)

Quote from: obsidian on November 08, 2021, 03:42:08 PM

Seriously I would look at Solana, Cardano, Decentraland. Probably won't hurt grabbing a little Shiba and Doge and HEX. But those are volatile. If you can buy a big dip it could be worth it. I will probably get some Shiba in the future just to play around with. I think Bitcoin and ETH still have a ways to go up. I plan on getting some Bitcoin in the future if there are signs that we have reached the top. Bitcoin is the most stable of cryptos in a bear market. But with all the dollar printing there is no way of knowing when we reach a top.

If the SEC / XRP resolves favorably look for that to go up in value quite a bit. I still have hopes for IOTA. They had many setbacks the past few years but the project has shown some progress lately. However IOTA has been a disappointment. I have not sold my 2018 tokens though.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 21, 2023, 03:09:44 AM
Quote from: OneMoreRep on December 18, 2023, 10:21:07 AM
Long time since I've participated in this thread, but for what it's worth, I've consolidated all the money I had in crypto into 2 "coins".

Hold 1 Bitcoin and a few thousand in Chainlink. That's it.

"1"

Good thinking!

I am being a total degen. Utter pieces of shit. If I see ‘Spastic Coin’ released I will go all in.

I have the inflationary cycle ending in 2032-2034 which means I see price going back to 25k anyway at some point so I don’t see any reason to rush for long term BTC while we have crypto filled with stupid shitcoins.

It’d be funny if all the pullback crew got burned and we went straight to ATH in Q1 2024 for the ETF approval.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 21, 2023, 03:30:55 AM
Quote from: Mayday on December 21, 2023, 03:09:44 AM
Good thinking!

I am being a total degen. Utter pieces of shit. If I see ‘Spastic Coin’ released I will go all in.


Could work quite well, especially if you get timing and risk management right, and scale in / out.

Not for me though other than a bit of fun. I am quite happy simply stacking sats.

I know someone who has been trading a mixture of BTC and alts since 2017. Leverage wipe outs, Fibanachie trends, double witch candles, bla bla, 10X gains, cocaine fueled non-stop 36 hour trading sessions, became an ETH fanboy, etc. And from his initial investment he is up nearly 4x his money. (Started with 1m USD, now worth 3.9m).

I pointed out to him, that had he simply bought BTC at his mid 2017 start date, he would have been up around 16x to 16m, instead of 4x to 3.9m. He was not happy to hear that but that's the truth. :)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 21, 2023, 04:43:26 AM
Quote from: gib on December 21, 2023, 02:57:29 AM
Here is the only post of French I can find on this topic:

Price was around $60 at that time.

It was about $18 when he posted this

Quote from: French on September 15, 2023, 11:28:41 PM
I hold 1400 SOL in a hard wallet ledger.
I hope to be a millionaire one day.

Quote from: gib on December 21, 2023, 03:30:55 AM
Could work quite well, especially if you get timing and risk management right, and scale in / out.

....

I pointed out to him, that had he simply bought BTC at his mid 2017 start date, he would have been up around 16x to 16m, instead of 4x to 3.9m. He was not happy to hear that but that's the truth. :)

You are right here. Most people do mess up as you described. You can even hold someones hand and tell them when to buy and sell with perfect entry and they still find a way to mess up.

I won't mention any alts (although I have already hinted at one I've entered) until post BTC ETF. What I will mention is Hut 8 mining which look undervalued right now compared to Mara and Riot.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 21, 2023, 04:50:13 AM
I am not a huge fan of miners, but, if bought at the right time during a cycle they can rise at a leveraged degree to the underlying asset, but like with gold miners.

Have not looked at any miners specifically, although in general my gut feeling (without even having looked) is that they are likely to be overpriced.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 21, 2023, 05:55:41 AM
Quote from: gib on December 21, 2023, 03:00:08 AM
And here is the quote from Obsidian for what its worth. Tooke me a while go find it, but a have a good memory! :)
lmao! You had to put some work in!  ;D

I did mention in that post that these assets are volatile. But come to think of it, Bitcoin is also still volatile. It went from $68k to 16k and back to $44k in a relatively short span. Not as volatile as Solana, I'll agree.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 21, 2023, 06:02:36 AM
Quote from: gib on December 21, 2023, 03:30:55 AM
Could work quite well, especially if you get timing and risk management right, and scale in / out.

Not for me though other than a bit of fun. I am quite happy simply stacking sats.

I know someone who has been trading a mixture of BTC and alts since 2017. Leverage wipe outs, Fibanachie trends, double witch candles, bla bla, 10X gains, cocaine fueled non-stop 36 hour trading sessions, became an ETH fanboy, etc. And from his initial investment he is up nearly 4x his money. (Started with 1m USD, now worth 3.9m).

I pointed out to him, that had he simply bought BTC at his mid 2017 start date, he would have been up around 16x to 16m, instead of 4x to 3.9m. He was not happy to hear that but that's the truth. :)
BNB was around $2 in August, 2017. It's currently at $274. That's a 137x return! I bought some BNB when it was $8. I am staking it on Binance.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 21, 2023, 06:06:15 AM
BTC will soon make a an attempt at the 45K mark. We are still in spring season, but gradually more and more weak hands will be shaken out, leaving hard core hodlers who will hold to 100K+, and that's when demand will really squeeze price up fast.

Such a beautiful thing... :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on December 21, 2023, 06:31:35 AM
Quote from: gib on December 21, 2023, 06:06:15 AM
BTC will soon make a an attempt at the 45K mark. We are still in spring season, but gradually more and more weak hands will be shaken out, leaving hard core hodlers who will hold to 100K+, and that's when demand will really squeeze price up fast.

Such a beautiful thing... :)

When?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on December 21, 2023, 07:55:37 AM
.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 21, 2023, 08:24:53 PM
Getting closer to Blackrock approval means getting closer to Grayscale rejection and price suppression. If by chance they approve Grayscale it’ll be because they have dirt on Barry on his accounting.

Approval latest April 2024…… I mean, come on…. They’ve got to be fucking with everyone lol 😂
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on December 21, 2023, 09:21:46 PM
Quote from: Mayday on December 21, 2023, 08:24:53 PM
Getting closer to Blackrock approval means getting closer to Grayscale rejection and price suppression. If by chance they approve Grayscale it’ll be because they have dirt on Barry on his accounting.

Approval latest April 2024…… I mean, come on…. They’ve got to be fucking with everyone lol 😂

I think btc should be trading 10-15k higher,  only reason it's not is because there's still a chance ETF gets rejected. Seeing prices 50-60k wouldn't surprise  me before a cool down, then you have the halving event, interest rate drops and Fair Value Accounting for btc end of the year. I see  no reason this beast doesn't run 130-300,k this cycle.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 21, 2023, 10:53:03 PM
Quote from: Mayday on December 21, 2023, 08:24:53 PM
Getting closer to Blackrock approval means getting closer to Grayscale rejection and price suppression. If by chance they approve Grayscale it’ll be because they have dirt on Barry on his accounting.

Approval latest April 2024…… I mean, come on…. They’ve got to be fucking with everyone lol 😂

ETFs basically look good to go, only question is if it early Jan or sooner.

The SEC got their revenge on Barry and GBTC by having ETFs cash creation/redemption making it an unfavourable environment for GBTC to convert. GBTC will probably wait until "in kind" ETFs get the go ahead and will lose some of the head start they've built.

https://www.foxbusiness.com/markets/sec-could-make-crypto-history-in-new-year-with-first-spot-bitcoin-etf-approval
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 22, 2023, 09:04:23 PM
Quote from: Theoak* on December 21, 2023, 09:21:46 PM
I think btc should be trading 10-15k higher,  only reason it's not is because there's still a chance ETF gets rejected. Seeing prices 50-60k wouldn't surprise  me before a cool down, then you have the halving event, interest rate drops and Fair Value Accounting for btc end of the year. I see  no reason this beast doesn't run 130-300,k this cycle.

ETF approval is already priced in. Blackrock have a 98% chance and everyone knew that when they made the application.

Quote from: Flexacon on December 21, 2023, 10:53:03 PM
ETFs basically look good to go, only question is if it early Jan or sooner.

The SEC got their revenge on Barry and GBTC by having ETFs cash creation/redemption making it an unfavourable environment for GBTC to convert. GBTC will probably wait until "in kind" ETFs get the go ahead and will lose some of the head start they've built.

https://www.foxbusiness.com/markets/sec-could-make-crypto-history-in-new-year-with-first-spot-bitcoin-etf-approval

What is the reason so many are upset that the ETF doesn't allow self custody? That's the whole point of the ETF isn't it? You can buy in, sell out whenever you want without needing to actually worry about owning the asset personally.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on December 23, 2023, 02:43:28 AM
Quote from: gib on December 21, 2023, 02:57:29 AM
Here is the only post of French I can find on this topic:

Price was around $60 at that time.

That's right, there was just a post a few weeks before where I said I had 1400 SOL, now I have 1575 SOL.
I revised my posts and thought I posted a post in early 2023.
Like everyone else, I suffered the bear market and when I saw the fall of Solana, I converted all my remaining crypto for 8k @$10.5 at the end of December 2022.
Then I bought every month in 2023, several times in a month depending on available cash, sometimes for 40, 80, 120, 200 up to 700 for a total of 20k to date.
I had an additional surprise gain of +7k when I converted some SOL to the new stable coin AEUR in order to benefit from a pullback and buy more SOL. but AEUR increased over 200% because people didn't realize it was a stable coin, when I saw that crazy move, I converted all my AEUR to SOL to gain around  an extra 140 SOL.
The reason I bought in December 2022 even though I was a little depressed about hitting an all-time low with my cryptos is because nothing has changed with the Solana ecosystem.
FTX was not related to governance, nor to the owner or founder.
Network outages weren't that frequent, performance and reliability were constantly improving, and the Solana tokens owned and locked by FTX already existed, already issued, so basically it made absolutely no difference to liquidity. Then I read the project and found out that they have the best development community and parallelization features with an ecosystem that doesn't have a ton of layers to make it more efficient, more cost-effective, and faster. I don't think people or institutions will bear high transaction fees in the future.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 23, 2023, 03:13:16 AM
Quote from: French on December 23, 2023, 02:43:28 AM
That's right, there was just a post a few weeks before where I said I had 1400 SOL, now I have 1575 SOL.
I revised my posts and thought I posted a post in early 2023.
Like everyone else, I suffered the bear market and when I saw the fall of Solana, I converted all my remaining crypto for 8k @$10.5 at the end of December 2022.
Then I bought every month in 2023, several times in a month depending on available cash, sometimes for 40, 80, 120, 200 up to 700 for a total of 20k to date.
I had an additional surprise gain of +7k when I converted some SOL to the new stable coin AEUR in order to benefit from a pullback and buy more SOL. but AEUR increased over 200% because people didn't realize it was a stable coin, when I saw that crazy move, I converted all my AEUR to SOL to gain around  an extra 140 SOL.
The reason I bought in December 2022 even though I was a little depressed about hitting an all-time low with my cryptos is because nothing has changed with the Solana ecosystem.
FTX was not related to governance, nor to the owner or founder.
Network outages weren't that frequent, performance and reliability were constantly improving, and the Solana tokens owned and locked by FTX already existed, already issued, so basically it made absolutely no difference to liquidity. Then I read the project and found out that they have the best development community and parallelization features with an ecosystem that doesn't have a ton of layers to make it more efficient, more cost-effective, and faster. I don't think people or institutions will bear high transaction fees in the future.
TPS and transaction fees seem to be irrelevant for BTC because of the Store of Value narrative. You're not going to buy coffee with BTC on Layer 1. Ethereum's high fees have never been a huge issue for me with any of my trades, but I can see how someone doing many micro trades would want a low transaction fee.

Part of the reason for Ethereum's high fee is the burning mechanism. ETH deflation is tied to the burning of transaction fees. Institutions and ETF investors will appreciate the deflationary and staking yield components of Ethereum. The fees would be less relevant. And for those that want to buy a cup of coffee with BTC or ETH they can use a L2. The L2 user experience is still a mess that needs to be improved.

Solana has been itching to pop higher. Its increase has been wild after the FTX crash. There's some uncertainty if the price will be tied to large sell-off action from FTX and Almeda.

https://coingape.com/is-solanas-sol-market-performance-tied-to-ftx-alameda-liquidations/

I do plan to get some Solana in early 2024. Good luck with your portfolio!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 23, 2023, 03:16:06 AM
Quote from: French on December 23, 2023, 02:43:28 AM
That's right, there was just a post a few weeks before where I said I had 1400 SOL, now I have 1575 SOL.
I revised my posts and thought I posted a post in early 2023.
Like everyone else, I suffered the bear market and when I saw the fall of Solana, I converted all my remaining crypto for 8k @$10.5 at the end of December 2022.
Then I bought every month in 2023, several times in a month depending on available cash, sometimes for 40, 80, 120, 200 up to 700 for a total of 20k to date.
I had an additional surprise gain of +7k when I converted some SOL to the new stable coin AEUR in order to benefit from a pullback and buy more SOL. but AEUR increased over 200% because people didn't realize it was a stable coin, when I saw that crazy move, I converted all my AEUR to SOL to gain around  an extra 140 SOL.
The reason I bought in December 2022 even though I was a little depressed about hitting an all-time low with my cryptos is because nothing has changed with the Solana ecosystem.
FTX was not related to governance, nor to the owner or founder.
Network outages weren't that frequent, performance and reliability were constantly improving, and the Solana tokens owned and locked by FTX already existed, already issued, so basically it made absolutely no difference to liquidity. Then I read the project and found out that they have the best development community and parallelization features with an ecosystem that doesn't have a ton of layers to make it more efficient, more cost-effective, and faster. I don't think people or institutions will bear high transaction fees in the future.

Well done on the gain. I am a skeptic on the tech of Solana but the narrative is certainly popular. I just continue to put fiat into BTC over time. Am way way up and love the freedom BTC offers. Alts just a fun dabble for me.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 23, 2023, 03:27:23 AM
Quote from: obsidian on December 23, 2023, 03:13:16 AM
And for those that want to buy a cup of coffee with BTC or ETH they can use a L2. The L2 user experience is still a mess that needs to be improved.


Lightening works great. As does BTC backed Visa transactions.

However, other than just for fun or to help stimulate the ecosystem, I would treat BTC as a savings / store of value tool, just like houses, art, gold, etc, although much more easily stored, divisible, portable, transferable, etc. Not something one would often transfer on the base layer. If I look at my gold for example, most of it I would transact perhaps once in a decade.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 23, 2023, 03:35:53 AM
Quote from: Mayday on December 22, 2023, 09:04:23 PM
ETF approval is already priced in. Blackrock have a 98% chance and everyone knew that when they made the application.

What is the reason so many are upset that the ETF doesn't allow self custody? That's the whole point of the ETF isn't it? You can buy in, sell out whenever you want without needing to actually worry about owning the asset personally.

The likelihood of the approval is already priced in. But the impact of the fund inflows in my view is not priced in. It can't be, as those funds have not flown in yet. Increased demand from ETF funds will have to impact price given fixed supply. And potentially massively so if BTCers hodl.

The concern some have about ETFs (not really warranted in my view) is that ETF's could essentially sell "fake BTC" (much like FTC), where people think they are buying an asset backed 1:1 by BTC, when in fact they are not. US EFTs should be fine as they will be well regulated and audited. But still, the fact remains - not your keys, not your coin. If you own a BTC EFT share, you don't own BTC - you own a share backed by BTC and you are relying on the issuer to be truthful.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 23, 2023, 04:49:09 AM
Quote from: Mayday on December 22, 2023, 09:04:23 PM
ETF approval is already priced in. Blackrock have a 98% chance and everyone knew that when they made the application.

What is the reason so many are upset that the ETF doesn't allow self custody? That's the whole point of the ETF isn't it? You can buy in, sell out whenever you want without needing to actually worry about owning the asset personally.

Unprofitable tech stocks are pumping right now and if that continues (I think it does for another couple of months) then I'd assume everyone is still risk on and that means they come for bitcoin ETFs, so bitcoin pumps.

There was something about the ETFs not being as tax friendly as they could be. Self custody would negate that issue.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on December 23, 2023, 11:23:35 AM
Solana fanboys don't know they are actually paying $100 mil in fees / month to use the network.
SOL runs on subsidies & inflation = price crashes = subsidies crash = validators leave = chain halts. This is how fiat money keeps you poor  over time.

The bull market just started. People should pay attention once it comes to an end. What do you think those SOL stakers will do when its price starts crashing? Will be a fast way down the more tokens they print out of thin air in this bull market.

The whole SOL will flip Eth narrative is about as plausible as ETH will flip  BTC. Afterall what I'd Solana spelt backwards.... analOS.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on December 23, 2023, 11:28:36 AM
Quote from: gib on December 23, 2023, 03:35:53 AM
The likelihood of the approval is already priced in. But the impact of the fund inflows in my view is not priced in. It can't be, as those funds have not flown in yet. Increased demand from ETF funds will have to impact price given fixed supply. And potentially massively so if BTCers hodl.

The concern some have about ETFs (not really warranted in my view) is that ETF's could essentially sell "fake BTC" (much like FTC), where people think they are buying an asset backed 1:1 by BTC, when in fact they are not. US EFTs should be fine as they will be well regulated and audited. But still, the fact remains - not your keys, not your coin. If you own a BTC EFT share, you don't own BTC - you own a share backed by BTC and you are relying on the issuer to be truthful.


What some  don’t get is that we Bitcoinets ate the entire fucking steak and now TradFi, Wall Street, Institutions, Nation States, Family Offices, etc all have to fight for the fucking bone.

We already won.

These clowns have to fight over the last 2M BTC wrapped in ETF dogshit. Self custody for the win.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Taffin on December 23, 2023, 12:01:52 PM
Quote from: gib on December 19, 2023, 02:29:23 AM
Well Taffin - now the dilemma you have is whether to sell or not. Right now, Wall St is desperate to get their hands on your Bitcoin. My suggestion is to fight to retain what you have. Do not give it up. Indeed, if you can acquire more now, do so.

You will thank yourself later.

For anyone here who is still not a wholecoiner, you still have the opportunity, but it is fading fast. Do what you can to stack those Sats and then just HODL.

Thanks for the advice, just put my tiny Xmas bonus in again - let's see what happens - the main thing is that I won't look at it again for about 10-12 months - is that what HODL means? LOL
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 23, 2023, 12:57:04 PM
Quote from: gib on December 23, 2023, 03:35:53 AM
The likelihood of the approval is already priced in. But the impact of the fund inflows in my view is not priced in. It can't be, as those funds have not flown in yet. Increased demand from ETF funds will have to impact price given fixed supply. And potentially massively so if BTCers hodl.

The concern some have about ETFs (not really warranted in my view) is that ETF's could essentially sell "fake BTC" (much like FTC), where people think they are buying an asset backed 1:1 by BTC, when in fact they are not. US EFTs should be fine as they will be well regulated and audited. But still, the fact remains - not your keys, not your coin. If you own a BTC EFT share, you don't own BTC - you own a share backed by BTC and you are relying on the issuer to be truthful.

Blackrock are buying 10M when the ETF is approved. They are not creating any green God candle on launch.

When the Gold ETF launched the price nuked -15%.

Post nuke Gold went 2.6x over 5yrs.

The Gold ETF rallied during a period of rising interest rates, rising S&P but a falling DXY.

I don’t buy the whole self custody thing. I have it in a wallet and if I forget some huge password I lose it all. In my lifetime The only time my money was lost was during self custody lol 😂 self custody exists for tax evasion purposes, gold people talk about it all the time otherwise you play futures or ETF.

I hate the idea of a wallet. I had my laptop blow up…… yep and I shit myself because fuck knows where I had kept the keys. After rummaging through old HDDs I found it and recovered my holdings. Meanwhile my bank always has my money.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 23, 2023, 05:25:20 PM
Quote from: Theoak* on December 23, 2023, 11:23:35 AM
Solana fanboys don't know they are actually paying $100 mil in fees / month to use the network.
SOL runs on subsidies & inflation = price crashes = subsidies crash = validators leave = chain halts. This is how fiat money keeps you poor  over time.

The bull market just started. People should pay attention once it comes to an end. What do you think those SOL stakers will do when its price starts crashing? Will be a fast way down the more tokens they print out of thin air in this bull market.

The whole SOL will flip Eth narrative is about as plausible as ETH will flip  BTC. Afterall what I'd Solana spelt backwards.... analOS.

Sure SOL could end up in a LUNA death spiral, but before it does that it probably keeps going up in a big way. The ecosystem is getting a free $1B in liquidity via airdrops from Jupiter exchange. The ponzi pump there is far from over.

I know I won't be fading it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on December 23, 2023, 05:48:59 PM
Quote from: Flexacon on December 23, 2023, 05:25:20 PM
Sure SOL could end up in a LUNA death spiral, but before it does that it probably keeps going up in a big way. The ecosystem is getting a free $1B in liquidity via airdrops from Jupiter exchange. The ponzi pump there is far from over.

I know I won't be fading it.

Proves my point because conviction  will always be 0 with centralised  shitcoins like SOL it's ripe picking for gamblers and degens. The boys with money moving this thing will dump it because they know all too well it's a cash grab  and not a long term play.

Unfortunately those with disillusioned conviction will be left holding the bag. To think that these big sellers won't rotate back into Btc and Eth is almost XRPesque.

Quote from: French on December 20, 2023, 02:16:58 PM
I told you when Solana was at 16 to sell your house and car
to buy massively.
Ethereum and Bitcoin have fees that are too high and are too slow
and need multiple additionnal stupid layers.
They will collapse in 2024, all investors will convert in Sol.
The release of Fire Dancer will provide the first impetus to its conquest of the first market capitalization.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on December 24, 2023, 02:25:27 AM
Quote from: French on December 23, 2023, 02:43:28 AM
That's right, there was just a post a few weeks before where I said I had 1400 SOL, now I have 1575 SOL.
I revised my posts and thought I posted a post in early 2023.
Like everyone else, I suffered the bear market and when I saw the fall of Solana, I converted all my remaining crypto for 8k @$10.5 at the end of December 2022.
Then I bought every month in 2023, several times in a month depending on available cash, sometimes for 40, 80, 120, 200 up to 700 for a total of 20k to date.
I had an additional surprise gain of +7k when I converted some SOL to the new stable coin AEUR in order to benefit from a pullback and buy more SOL. but AEUR increased over 200% because people didn't realize it was a stable coin, when I saw that crazy move, I converted all my AEUR to SOL to gain around  an extra 140 SOL.
The reason I bought in December 2022 even though I was a little depressed about hitting an all-time low with my cryptos is because nothing has changed with the Solana ecosystem.
FTX was not related to governance, nor to the owner or founder.
Network outages weren't that frequent, performance and reliability were constantly improving, and the Solana tokens owned and locked by FTX already existed, already issued, so basically it made absolutely no difference to liquidity. Then I read the project and found out that they have the best development community and parallelization features with an ecosystem that doesn't have a ton of layers to make it more efficient, more cost-effective, and faster. I don't think people or institutions will bear high transaction fees in the future.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 26, 2023, 12:07:01 PM

Mt Gox release has started.

140k BTC to be repaid.

Looks like they waited to do it into the halving year and bullrun. Interesting 🤔

It’ll start with “140k can easily be absorbed” and it’ll end with “those 140k people sold failed to let BTC break 100k”

There’s your price suppression. The govt didn’t do it at the bottom to crash the price, they’ve done it during the bullrun to suppress it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on December 26, 2023, 12:50:42 PM
Quote from: Mayday on December 26, 2023, 12:07:01 PM
Mt Gox release has started.

140k BTC to be repaid.

Looks like they waited to do it into the halving year and bullrun. Interesting 🤔

It’ll start with “140k can easily be absorbed” and it’ll end with “those 140k people sold failed to let BTC break 100k”

There’s your price suppression. The govt didn’t do it at the bottom to crash the price, they’ve done it during the bullrun to suppress it.

Those who wanted to sell Mt gox btc sold their  claims  through institutions  way back. Part is being paid in cash and rest in btc. To think 140k is going to be dumped straight onto the market is ludicrous. If I had to estimate I'd say 20-30%. Don't forget people from that exchange are the original Maxis and I'm guessing most still participate in btc and have seen it evolve into the beast it is today. Alot of those btf aren't getting sold. This narrative has been pushed for years.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 26, 2023, 10:01:02 PM
Quote from: Theoak* on December 26, 2023, 12:50:42 PM
Those who wanted to sell Mt gox btc sold their  claims  through institutions  way back. Part is being paid in cash and rest in btc. To think 140k is going to be dumped straight onto the market is ludicrous. If I had to estimate I'd say 20-30%. Don't forget people from that exchange are the original Maxis and I'm guessing most still participate in btc and have seen it evolve into the beast it is today. Alot of those btf aren't getting sold. This narrative has been pushed for years.

What you said is the majority view. See how the calls for 500k-1M in 2yrs work out vs my 76k.

The narrative has been pushed for years yet when it didn’t happen NTC could only get a 3x.

Now that is is happening, NTC will do a what? What is the number you think is going to happen which makes my opinion so very wrong?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on December 27, 2023, 06:33:23 AM
Quote from: Mayday on December 26, 2023, 10:01:02 PM
What you said is the majority view. See how the calls for 500k-1M in 2yrs work out vs my 76k.

The narrative has been pushed for years yet when it didn’t happen NTC could only get a 3x.

Now that is is happening, NTC will do a what? What is the number you think is going to happen which makes my opinion so very wrong?

Majority view by who? This is what I've seen over the years. Not only do you have Mt Gox but all the crypto casinos including FTX paying out creditors next year.

Mt Gox has until October next year to pay out its creditors. If you're looking for some type of major price suppression then it's not coming from this.
Between now and October looks like Saylor  will absorb part of the payout before bull starts.


MicroStrategy has acquired an additional 14,620 BTC for ~$615.7 million at an average price of $42,110 per As of 12/26/23,
@MicroStrategy
 now hodls 189,150 $BTC acquired for ~$5.9 billion at an average price of $31,168 per bitcoin. $MSTR


Yes, I agree that your opinion is very wrong on BTC not hitting an ATH until 2030. I believe you will be proved wrong sooner rather than later.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 27, 2023, 11:11:02 AM
Quote from: Theoak* on December 27, 2023, 06:33:23 AM
Majority view by who? This is what I've seen over the years. Not only do you have Mt Gox but all the crypto casinos including FTX paying out creditors next year.

Mt Gox has until October next year to pay out its creditors. If you're looking for some type of major price suppression then it's not coming from this.
Between now and October looks like Saylor  will absorb part of the payout before bull starts.


MicroStrategy has acquired an additional 14,620 BTC for ~$615.7 million at an average price of $42,110 per As of 12/26/23,
@MicroStrategy
 now hodls 189,150 $BTC acquired for ~$5.9 billion at an average price of $31,168 per bitcoin. $MSTR


Yes, I agree that your opinion is very wrong on BTC not hitting an ATH until 2030. I believe you will be proved wrong sooner rather than later.

???

I never said no ATH until 2030, you might be confusing me with someone else.

I have said this next peak will be around 76k and it might happen by end of 2024 to H1 2025.

What I have said is The inflationary cycle we are in is not friendly to the crazy high 1M calls. Once the cycle peaks out in 2032-2034, then I believe we will have the environment which will allow for an actual long run on BTC and that’s when we can probably look at those 200k+ numbers.

The price suppression I have talked about is what prevents these crazy 500k- 1M numbers in 2yrs. Having 140k coins given back to owners is not bullish. If Saylor has to absorb the payout, It leaves no room for him to pump the price….. that is how price suppression works.

I disagree with you that we will hit 500k-1M in this next peak in 18 months. I disagree with anything 100k+ in 18mths.

As for Saylor, there are a number of ‘what if’ he may need to survive these next 8-10yrs.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 27, 2023, 12:48:01 PM

The 500k-1M in 2yrs crew are checking in :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on December 27, 2023, 01:10:17 PM
Quote from: Mayday on December 27, 2023, 11:11:02 AM
???

I never said no ATH until 2030, you might be confusing me with someone else.

I have said this next peak will be around 76k and it might happen by end of 2024 to H1 2025.

What I have said is The inflationary cycle we are in is not friendly to the crazy high 1M calls. Once the cycle peaks out in 2032-2034, then I believe we will have the environment which will allow for an actual long run on BTC and that’s when we can probably look at those 200k+ numbers.

The price suppression I have talked about is what prevents these crazy 500k- 1M numbers in 2yrs. Having 140k coins given back to owners is not bullish. If Saylor has to absorb the payout, It leaves no room for him to pump the price….. that is how price suppression works.

I disagree with you that we will hit 500k-1M in this next peak in 18 months. I disagree with anything 100k+ in 18mths.

As for Saylor, there are a number of ‘what if’ he may need to survive these next 8-10yrs.

I never said 500k-1million and have gone on record numerous times those people spewing those numbers are scammers looking to sell a course or looking for clout. I've said 500k numbers will come in next 10+ years, not blow off top numbers but steady high prices with much smalle4 volatility.

No one is saying it's bullish, it's just not as bearish or price suppressing as you think.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: deadz on December 27, 2023, 02:43:41 PM
I'd actually like to see what the net worth is of some of the financial wizards in this thread. My guess is NOT MUCH.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 27, 2023, 05:36:50 PM
Ethereum pushed nicely past $2,400. The ETH rally will be one of the most hated rallies. We have reached peak ETH FUD. Everyone is dogging ETH. It will pump!  ;D

Props to Solana, but note the tech of Solana @ $8 is identical to the tech of Solana at $100. People are saying Solana is the best tech ever because it pumped. When it was $8 many of those same people said it was a scam and crap.

Ivan Tech has a great point. This guy is entertaining to watch. I put his YouTube videos on 1.75x-2.00x and listen while going for a coffee.

Bitcoin and Ethereum will not be the fastest horses in a bull market. Solana will probably outperform both, barring a black swan event or major issue with Solana.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 27, 2023, 05:38:50 PM
Quote from: Theoak* on December 27, 2023, 06:33:23 AM
Majority view by who? This is what I've seen over the years. Not only do you have Mt Gox but all the crypto casinos including FTX paying out creditors next year.

Mt Gox has until October next year to pay out its creditors. If you're looking for some type of major price suppression then it's not coming from this.
Between now and October looks like Saylor  will absorb part of the payout before bull starts.


MicroStrategy has acquired an additional 14,620 BTC for ~$615.7 million at an average price of $42,110 per As of 12/26/23,
@MicroStrategy
 now hodls 189,150 $BTC acquired for ~$5.9 billion at an average price of $31,168 per bitcoin. $MSTR


Yes, I agree that your opinion is very wrong on BTC not hitting an ATH until 2030. I believe you will be proved wrong sooner rather than later.
I didn't realize that apparently, the US government holds more BTC than MicroStrategy.

https://www.bsc.news/post/microstrategy-grows-bitcoin-holdings-nearing-u-s-government-reserves#:~:text=With%20its%20latest%20Bitcoin%20acquisition,the%20government's%20210%2C429%20Bitcoin%20stash.

With its latest Bitcoin acquisition, MicroStrategy has brought itself within reach of the U.S. government's holdings, now only 20,000 bitcoins away from matching the government's 210,429 Bitcoin stash.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 27, 2023, 05:43:55 PM
https://cryptoslate.com/anatoly-yakovenko-says-solana-is-ethereum-in-layer-2-scalability-debate/

In a Dec. 25 tweet, Yakovenko playfully suggested that Solana could be considered an Ethereum layer-2 (L2) solution through its Wormhole eigenlayer. This statement was part of a tongue-in-cheek response to a tweet listing various L2 solutions like Arbitrum, Aztec, and Polygon. He quipped:

“Solana is ethereum! Solana is an ethereum L2 through the wormhole eigenlayer. Once danksharding is scaled up no one is going to stop you from submitting all the Solana blocks into some data validating bridge contract on ethereum.”

This playful assertion was meant to ironically juxtapose Solana, a distinct and independent blockchain, with Ethereum’s layer-2 solutions. The mention of a Wormhole eigenlayer and the speculative reference to submitting Solana blocks to Ethereum were part of this jest.

Our initial report, however, presented it seriously and failed to recognize its ironic nature, and thus our coverage suggested that he meant it in earnest. We sincerely apologize for the error and for any confusion caused by our failure to recognize the ironic intent behind it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 27, 2023, 05:47:39 PM
So apparently you will be able to have your validators stake Ethereum and Solana at the same time?! This means you could earn yield from both blockchains? Sounds awesome!

https://www.coindesk.com/tech/2023/08/17/ethereum-restaking-worries-vitalik-buterin-heres-why/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 27, 2023, 08:50:39 PM
Quote from: Theoak* on December 27, 2023, 01:10:17 PM
I never said 500k-1million and have gone on record numerous times those people spewing those numbers are scammers looking to sell a course or looking for clout. I've said 500k numbers will come in next 10+ years, not blow off top numbers but steady high prices with much smalle4 volatility.

No one is saying it's bullish, it's just not as bearish or price suppressing as you think.

So put a number on it then.

The next peak inside of 2yrs is what?

If sub 100k is too bearish and price suppressing, what will it be?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on December 28, 2023, 09:04:02 AM
Quote from: obsidian on December 27, 2023, 05:38:50 PM
I didn't realize that apparently, the US government holds more BTC than MicroStrategy.

https://www.bsc.news/post/microstrategy-grows-bitcoin-holdings-nearing-u-s-government-reserves#:~:text=With%20its%20latest%20Bitcoin%20acquisition,the%20government's%20210%2C429%20Bitcoin%20stash.

With its latest Bitcoin acquisition, MicroStrategy has brought itself within reach of the U.S. government's holdings, now only 20,000 bitcoins away from matching the government's 210,429 Bitcoin stash.

Pretty sure Bulgaria holds 200+ btc aswell.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on December 28, 2023, 09:10:41 AM
Quote from: Mayday on December 27, 2023, 08:50:39 PM
So put a number on it then.

The next peak inside of 2yrs is what?

If sub 100k is too bearish and price suppressing, what will it be?

As long as it stays over 3k I'm good. Predicting both  price and timeline sure fire way to be wrong and I usually  am. That's why I buy and hold. I did in one of my posts 20/21 say that after the bear market btc will settle down at 50k and that would be its new floor.

After this next blow off top I'm thinking it settles around 70-80k after the bear, for that to happen a 100K+ BTC price at its peak.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 28, 2023, 12:20:36 PM
Quote from: Theoak* on December 28, 2023, 09:04:02 AM
Pretty sure Bulgaria holds 200+ btc aswell.
I see. Notice how some governments got their BTC stash by seizing it from others.

I like how the articles claim Bulgaria would become very wealthy - lol! A 200K stash of Bitcoin will only be $200 billion if BTC hits $1 million. That's less than Elon's net worth. Bulgaria would not be wealthy at all. 1 trillion / 1 million = 1 million.

https://beincrypto.com/bulgaria-bitcoin-holdings-make-it-rich/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on December 28, 2023, 01:06:09 PM
Quote from: obsidian on December 28, 2023, 12:20:36 PM
I see. Notice how some governments got their BTC stash by seizing it from others.

I like how the articles claim Bulgaria would become very wealthy - lol! A 200K stash of Bitcoin will only be $200 billion if BTC hits $1 million. That's less than Elon's net worth. Bulgaria would not be wealthy at all. 1 trillion / 1 million = 1 million.

https://beincrypto.com/bulgaria-bitcoin-holdings-make-it-rich/

With a total debt of 20.6b I'd say that's not bad  and they would be  totally liquid, how long would  it take for Elon to liquidate all his assets, companies and dreams?

It may be a drop in the bucket on a global scale, to a small poverty stricken Eastern European country it's not a bad stash.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 28, 2023, 07:49:23 PM
Quote from: Theoak* on December 28, 2023, 09:10:41 AM
As long as it stays over 3k I'm good. Predicting both  price and timeline sure fire way to be wrong and I usually  am. That's why I buy and hold. I did in one of my posts 20/21 say that after the bear market btc will settle down at 50k and that would be its new floor.

After this next blow off top I'm thinking it settles around 70-80k after the bear, for that to happen a 100K+ BTC price at its peak.

So 2021 you would have been thinking of a 170k with a 50k floor. We got 69k /15k.

This coming peak you are going higher with around 265k / 80k if you want that floor to be so high.

Your floor is my ceiling number so we do have at least the number in common. I am reading how the Saudi’s are going to market buy 500B and create a God candle lol. It’s this type of euphoria that makes me think the prices/timing will come earlier than most think.

You also have to ask yourself, who is selling to Saylor 👀

I would absolutely love your ceiling numbers to happen because my alts would skyrocket way higher than I currently imagine.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 28, 2023, 11:18:04 PM
Let's say the ETF narrative has done what the halving narrative did in the past. That would mean it's a shorter cycle and the bitcoin top probably won't that impressive in terms of multiples from the bottom as it has been in the past.

A Doge god candle in the next few days or weeks would be the last domino confirming we're in an end of cycle/blow off bull run.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 28, 2023, 11:42:17 PM
Quote from: Flexacon on December 28, 2023, 11:18:04 PM
Let's say the ETF narrative has done what the halving narrative did in the past. That would mean it's a shorter cycle and the bitcoin top probably won't that impressive in terms of multiples from the bottom as it has been in the past.

A Doge god candle in the next few days or weeks would be the last domino confirming we're in an end of cycle/blow off bull run.

Doge is another confirmation metric I use for timing.

Mar/Apr 2024 possible break of lows which goes upward to a top signal.

FYI I hold Shib because it’s too hard to buy Doge without paying huge gas fees.

**EDIT ETH network is so fucked right now. Paid USD20 in gas fees for a transaction lol 😂 ETH exists due to degenerate alt coins, anyone who likes ETH better pray the govt doesn’t kill off alt coins and self custody otherwise kiss it goodbye.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 29, 2023, 12:34:15 AM
Quote from: Mayday on December 28, 2023, 11:42:17 PM
Doge is another confirmation metric I use for timing.

Mar/Apr 2024 possible break of lows which goes upward to a top signal.

FYI I hold Shib because it’s too hard to buy Doge without paying huge gas fees.

**EDIT ETH network is so fucked right now. Paid USD20 in gas fees for a transaction lol 😂 ETH exists due to degenerate alt coins, anyone who likes ETH better pray the govt doesn’t kill off alt coins and self custody otherwise kiss it goodbye.

I'm willing to take the hit on fees and spreads, loaded up on doge. Worst that can happen from here is it dumps 50% which is nothing in crypto. Gonna add more too if I catch it running. Don't be suprised if we get the Doge god candle on fake news on some joke spot ETF application for it.

I'm more of the belief this run continues with no pull backs until 60k to 70k maybe in March.

Restaking (eigenlayer) and spot ETF hype will probably carry ETH to new highs, but not getting involved with it directly.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 29, 2023, 02:53:59 AM
If you are going to dabble with alts, I would recommend FIL. Filecoin at least has a genuine utility, actual revenue, and this a calculatable value. We know data storage demands will increase exponentially, and we know data storage will gravitate to the lowest and most efficient cost over time, all things being equal.

Doge is a pure speculation, and as you say, it is just as likely to go up or down. As for going down max 50%, I think it could go down way more. As in 95%. The powers that be are about to destroy the fuck out of alts, and will do a huge amount of public education on the distinction between BTC and alts / Bitcoin not crypto. Musk is a loose cannon who could easily see a backlash. And I suspect his legal advisors have put an end to his Doge shillings.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on December 29, 2023, 03:23:49 AM
Quote from: Mayday on December 28, 2023, 07:49:23 PM
So 2021 you would have been thinking of a 170k with a 50k floor. We got 69k /15k.

This coming peak you are going higher with around 265k / 80k if you want that floor to be so high.

Your floor is my ceiling number so we do have at least the number in common. I am reading how the Saudi’s are going to market buy 500B and create a God candle lol. It’s this type of euphoria that makes me think the prices/timing will come earlier than most think.

You also have to ask yourself, who is selling to Saylor 👀

I would absolutely love your ceiling numbers to happen because my alts would skyrocket way higher than I currently imagine.

I'm hopeful for a 265k peak at best case scenario/europhoria but what I think is much lower with less of a draw down than the 75% people are anticipating.

I think the shit coins  will follow their  usual 90% drawdowns except possibly ETH.

In terms of your price suppression theory, yeah possible if a recession is announced thr price will ve drawn down over the subsequent months which would follow a bull run into 2025.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on December 29, 2023, 03:25:32 AM
Quote from: Flexacon on December 28, 2023, 11:18:04 PM
Let's say the ETF narrative has done what the halving narrative did in the past. That would mean it's a shorter cycle and the bitcoin top probably won't that impressive in terms of multiples from the bottom as it has been in the past.

A Doge god candle in the next few days or weeks would be the last domino confirming we're in an end of cycle/blow off bull run.

Let's say the ETF does not get approved here is what happened last time with commentary and can expect the same.

https://x.com/RNR_0/status/1740455526478369208?s=20
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 29, 2023, 05:38:01 AM
Quote from: Theoak* on December 29, 2023, 03:25:32 AM
Let's say the ETF does not get approved here is what happened last time with commentary and can expect the same.

https://x.com/RNR_0/status/1740455526478369208?s=20

A reverse God-candle??? :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 29, 2023, 07:48:35 PM
Quote from: Mayday on December 28, 2023, 11:42:17 PM
Doge is another confirmation metric I use for timing.

Mar/Apr 2024 possible break of lows which goes upward to a top signal.

FYI I hold Shib because it’s too hard to buy Doge without paying huge gas fees.

**EDIT ETH network is so fucked right now. Paid USD20 in gas fees for a transaction lol 😂 ETH exists due to degenerate alt coins, anyone who likes ETH better pray the govt doesn’t kill off alt coins and self custody otherwise kiss it goodbye.
Don't you have an option to use Polygon for your Ethereum transactions? Here's a video showing how a guy does his ETH / Stable Coin transactions on Binance and Coinbase. His fees drop to $1 with Polygon. I know you're in Australia. But many exchanges now support ETH Layer 2s. A very useful video that gets to the point.



Regarding Solana with its low fees - They are subsidizing the validators. And this inflates the supply of Solana. End users think they are paying close to zero fees on Solana but they are paying for it via inflation. This is similar to how the public pays when dollars are printed and the purchasing power decreases. Someone mentioned that a Solana transaction is around $25 when you factor in the inflation. This sounds a bit high and perhaps my recollection is wrong. However the transactions are not as low in reality.

(https://preview.redd.it/9v5x2omc3b8c1.jpg?width=960&crop=smart&auto=webp&s=e4f4cd82f0525ef9359e4f21154ac35c8fa209f6)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 29, 2023, 08:01:00 PM
Massive subsidies to SOL Validators raise questions about crypto-centralization

Solana, a blockchain known for its speed and direct competition with Ethereum, finds itself at the heart of a debate linked to the substantial subsidy of its validators by the Solana Foundation and Alameda Research, the defunct commercial arm associated with FTX.

According to analyst arixon.eth, over 90% of Solana’s validators benefit from massive subsidies from the Solana Foundation and Alameda Research. At first glance, these figures are alarming: out of 1,997 validators, 1,818 are said to have received delegations from these two entities. In total, they delegated 106 million SOL, of which 73 million were distributed by the Foundation and 33 million by Alameda Research.

Validators play an essential role in Solana’s blockchain. They are responsible for validating transactions and adding them to the blockchain. To ensure the network’s security and decentralization, each node must store SOL, and this amount of SOL determines their voting power.

The scale of these subsidies raises questions about the centralization of power within the blockchain. Arixon.eth suggests that without these “heavy incentives”, the number of Solana validator nodes would be much lower.

More worryingly, a notable number of nodes seem to be left behind, without delegations from the standard SOL holders, raising the question of the disproportionate influence of two entities on the network.

In highlighting these considerable subsidies, arixon.eth warns of the risk of Solana’s centralization under the hegemony of two predominant players. This, it argues, could potentially undermine the long-term value of SOLs and pose a critical dilemma for the decentralized robustness of the network.

(https://www.cointribune.com/app/uploads/2023/10/image-3.png)

Funding for stability or manipulation?

Faced with these allegations, Anatoly Yakovenko, co-founder of Solana, stepped in to clarify the situation. According to him, although some 2,000 validators secure the network, it is their votes, and not their respective participation, that are essential to the network’s security and stability.

Every time a node withdraws from SOL, its voting power diminishes, forcing the network to rely on other validators to maintain decentralization and security.

The question of centralization is a hot topic in the crypto world. While Solana benefits from substantial funding from two major entities, this raises legitimate questions about the network’s true decentralization.

However, one question remains: can the current model, criticized for its tendency towards centralization, ensure the network’s long-term stability and security, or does the Solana blockchain need to revise its delegation strategy to preserve the integrity of its decentralized architecture?

The revelation of exorbitant subsidies to validators is prompting the crypto community to re-examine blockchain governance structures and business models, and to question the delicate balance between incentives and decentralization.

https://www.cointribune.com/en/crypto-alameda-tire-les-ficelles-la-centralisation-secrete-de-solana-devoilee-2/#:~:text=According%20to%20analyst%20arixon.,delegations%20from%20these%20two%20entities.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 29, 2023, 08:06:48 PM
https://www.reddit.com/r/CryptoCurrency/comments/18topt8/as_of_december_2023_every_user_transaction_on_the/

Solana supply is up 15.4% this year. Not 5.6% as claimed. Seems like Solana inflates more than the USD?!

https://messari.io/project/solana/charts/supply

427 million / 370 million = 1.154
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 30, 2023, 03:09:14 AM
Quote from: Flexacon on December 29, 2023, 12:34:15 AM
I'm more of the belief this run continues with no pull backs until 60k to 70k maybe in March.

If ETF approval is April I wouldn’t be surprised to see it run up to its peak. Would wreck everybody.

Plus I’m not big on DXY going down for 1-2yrs, i believe the down timeframes are very small windows and that’s when we would see crypto peaks.

Quote from: gib on December 29, 2023, 02:53:59 AM

Doge is a pure speculation, and as you say, it is just as likely to go up or down. As for going down max 50%, I think it could go down way more. As in 95%. The powers that be are about to destroy the fuck out of alts, and will do a huge amount of public education on the distinction between BTC and alts / Bitcoin not crypto.

US Banning personal custody is coming for BTC and all other coins. The eUSD is coming in 2024 so stables will get killed and we know a Tether collapse will slaughter everyone in yields.

It’s an unfortunate scenario where for BTC to move ahead it likely means nuking itself.

Quote from: obsidian on December 29, 2023, 07:48:35 PM
Don't you have an option to use Polygon for your Ethereum transactions? Here's a video showing how a guy does his ETH / Stable Coin transactions on Binance and Coinbase. His fees drop to $1 with Polygon. I know you're in Australia. But many exchanges now support ETH Layer 2s. A very useful video that gets to the point.



Regarding Solana with its low fees - They are subsidizing the validators. And this inflates the supply of Solana. End users think they are paying close to zero fees on Solana but they are paying for it via inflation. This is similar to how the public pays when dollars are printed and the purchasing power decreases. Someone mentioned that a Solana transaction is around $25 when you factor in the inflation. This sounds a bit high and perhaps my recollection is wrong. However the transactions are not as low in reality.

(https://preview.redd.it/9v5x2omc3b8c1.jpg?width=960&crop=smart&auto=webp&s=e4f4cd82f0525ef9359e4f21154ac35c8fa209f6)

I use Metamask wallet to Uniswap or oneinch on ETH network.

Honestly crypto is a fucking mess. People can dream up all sorts of wild numbers but after 4yrs it still costs USD20 to send $1. It’s all dead in the water, you’ll see ETH obliterated once the wallets are banned.

Gib will be right about  BTC but he might have to wear a draw down to 6k at some point so it’ll be a bitter sweet victory. Spend a decade arguing over a crypto only to see it worth less than your buy price and you might wait a decade just to get above water again.

Remember my comparison for gold and Silver HoDLeRs. I played in metals back in 2011. I got out at USD43 silver and it’s at USD24 a decade later……. Bitcoin maxis will learn the true meaning of HoDLe just like metal bugs have known for decades.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on December 30, 2023, 12:43:58 PM
Quote from: Mayday on December 30, 2023, 03:09:14 AM
If ETF approval is April I wouldn’t be surprised to see it run up to its peak. Would wreck everybody.

Plus I’m not big on DXY going down for 1-2yrs, i believe the down timeframes are very small windows and that’s when we would see crypto peaks.

US Banning personal custody is coming for BTC and all other coins. The eUSD is coming in 2024 so stables will get killed and we know a Tether collapse will slaughter everyone in yields.

It’s an unfortunate scenario where for BTC to move ahead it likely means nuking itself.

I use Metamask wallet to Uniswap or oneinch on ETH network.

Honestly crypto is a fucking mess. People can dream up all sorts of wild numbers but after 4yrs it still costs USD20 to send $1. It’s all dead in the water, you’ll see ETH obliterated once the wallets are banned.

Gib will be right about  BTC but he might have to wear a draw down to 6k at some point so it’ll be a bitter sweet victory. Spend a decade arguing over a crypto only to see it worth less than your buy price and you might wait a decade just to get above water again.

Remember my comparison for gold and Silver HoDLeRs. I played in metals back in 2011. I got out at USD43 silver and it’s at USD24 a decade later……. Bitcoin maxis will learn the true meaning of HoDLe just like metal bugs have known for decades.

Mayday your price predictions are far more entertaining than any of the subsequent bull runs I've been involved in. The sustained sub 6k for 10 years is a cake taker.

Btc is a different asset to anything we've seen before. It's supply is fixed. Golds supply doubles every 30years, stocks get diluted, RE expands, $$$ are printed.
A btc Maxi imo opinion are those of us with majority NW in btc and there's probably  less than 10-20k btc maxi that exist. Btc maxi already no the true meaning of hodl, multiple draw downs of 80+% so a stagnate prices would be child's play if it eventuated. Btc maxi problem is that they think majority of the world will adopt their mindset tomorrow, when in actual fact the majority of the world are retarded and don't care. This is where the BS projections of btc to 10million by 2025 come from.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 30, 2023, 07:34:04 PM
Quote from: Theoak* on December 30, 2023, 12:43:58 PM
Mayday your price predictions are far more entertaining than any of the subsequent bull runs I've been involved in. The sustained sub 6k for 10 years is a cake taker.

Btc is a different asset to anything we've seen before. It's supply is fixed. Golds supply doubles every 30years, stocks get diluted, RE expands, $$$ are printed.
A btc Maxi imo opinion are those of us with majority NW in btc and there's probably  less than 10-20k btc maxi that exist. Btc maxi already no the true meaning of hodl, multiple draw downs of 80+% so a stagnate prices would be child's play if it eventuated. Btc maxi problem is that they think majority of the world will adopt their mindset tomorrow, when in actual fact the majority of the world are retarded and don't care. This is where the BS projections of btc to 10million by 2025 come from.

Well I do like to bear talk lol 😂 keep in mind I was bullish at 17.5k when I bought but everyone else on here was waiting for 12k or lower.

Im suggesting the future peaks/lows could become lower. It could look something like this:
2024-25 76k peak
2026-27 12k low
2028-29 64k peak
2030-31 6k low
2032-2040 continual upward run to 240k

If BTC is digital gold then it will behave like gold. Don’t get caught up in the supply argument, the mining rate is adjusted down and it is always divisible to more decimal points to purchase. On chain was BS aswell. Metal players know how to HoDL as it’s extremely long waves down and up:

Gold spent 20yrs going down from 1980 to 2000
Gold spent 10yrs going up from 2000 to 2010
Gold spent 5yrs going down from 2011 to 2015
Gold spent 4yrs going up from 2016 to 2020
Gold has almost gone sideways from 2020-2023 —> it’s up 3.7% over the largest money printing/inflationary period in 40yrs.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 01, 2024, 08:15:05 PM
Quote from: Mayday on December 30, 2023, 03:09:14 AM
If ETF approval is April I wouldn’t be surprised to see it run up to its peak. Would wreck everybody.

Plus I’m not big on DXY going down for 1-2yrs, i believe the down timeframes are very small windows and that’s when we would see crypto peaks.

US Banning personal custody is coming for BTC and all other coins. The eUSD is coming in 2024 so stables will get killed and we know a Tether collapse will slaughter everyone in yields.

It’s an unfortunate scenario where for BTC to move ahead it likely means nuking itself.

I use Metamask wallet to Uniswap or oneinch on ETH network.

Honestly crypto is a fucking mess. People can dream up all sorts of wild numbers but after 4yrs it still costs USD20 to send $1. It’s all dead in the water, you’ll see ETH obliterated once the wallets are banned.

Gib will be right about  BTC but he might have to wear a draw down to 6k at some point so it’ll be a bitter sweet victory. Spend a decade arguing over a crypto only to see it worth less than your buy price and you might wait a decade just to get above water again.

Remember my comparison for gold and Silver HoDLeRs. I played in metals back in 2011. I got out at USD43 silver and it’s at USD24 a decade later……. Bitcoin maxis will learn the true meaning of HoDLe just like metal bugs have known for decades.
Does this help? Something is wrong if you have to pay $20. Uniswap and Metamask support ETH L2s.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 01, 2024, 09:08:56 PM
Quote from: obsidian on January 01, 2024, 08:15:05 PM
Does this help? Something is wrong if you have to pay $20. Uniswap and Metamask support ETH L2s.


Speculative utility ALTS tend to avoid L2s and only launch on  Ethereum. The idea is that early investors are more likely to hodl than trade in and out of positions because of high gas fees. More hodlers help a project look more legitimate

I'll give you an example. I've mentioned eigenlayer restaking and the potential value that could bring to ETH. They haven't launched a token yet, but it's a legit project which is well funded and will have a huge token launch soon. The token will probably be available on big exchanges from day 1.

I will probably get involved with the eigenlayer  token, but I also want to take on more risk and speculate on the network so found a utility ALT called RSTK. It will be one of the first protocols to launch on eigenlayer. It's utility is that it gives an extra 10% yield on the restaking. It's only available on Ethereum for the reasons mentioned earlier. Now I don't know for sure if this is a legit project or a rug, but I do know it has more buyers than sellers. It could rug to zero or it could x50 if it eventually gets listed on major exchanges. Until then it will only be found on Ethereum and be pricey to trade.

https://coinmarketcap.com/dexscan/ethereum/0x8c894d91748a42fc68f681090db06720779a7347/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 01, 2024, 09:16:45 PM
Quote from: Mayday on December 30, 2023, 07:34:04 PM
Well I do like to bear talk lol 😂 keep in mind I was bullish at 17.5k when I bought but everyone else on here was waiting for 12k or lower.

Im suggesting the future peaks/lows could become lower. It could look something like this:
2024-25 76k peak
2026-27 12k low
2028-29 64k peak
2030-31 6k low
2032-2040 continual upward run to 240k

If BTC is digital gold then it will behave like gold. Don’t get caught up in the supply argument, the mining rate is adjusted down and it is always divisible to more decimal points to purchase. On chain was BS aswell. Metal players know how to HoDL as it’s extremely long waves down and up:

Gold spent 20yrs going down from 1980 to 2000
Gold spent 10yrs going up from 2000 to 2010
Gold spent 5yrs going down from 2011 to 2015
Gold spent 4yrs going up from 2016 to 2020
Gold has almost gone sideways from 2020-2023 —> it’s up 3.7% over the largest money printing/inflationary period in 40yrs.
Gold and Silver are excellent conductors of electricity. Both are used in electronics and electrical devices. The price of Gold was also suppressed by the US government to promote the USD as the world's reserve currency. A sky-high gold price would undermine the US dollar and also affect the cost of electronics and other devices.

The death of the dollar could very well be because it was politicized with the Russian invasion of Ukraine. Nations now are concerned about opting into a currency that could be used against them depending on the way the wind blows - lol! So in the long run it may not be possible for the bankrupt US to suppress Gold or cryptocurrencies. They can try and ban ownership, sure. But I see the US political system as totally corrupt and beyond saving. It's rotting from within, and its influence is waning. But we'll see what happens in the next few years...

https://www.numismaticnews.net/coin-market/is-golds-price-manipulated
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 01, 2024, 09:35:12 PM
Quote from: gib on December 21, 2023, 06:06:15 AM
BTC will soon make a an attempt at the 45K mark. We are still in spring season, but gradually more and more weak hands will be shaken out, leaving hard core hodlers who will hold to 100K+, and that's when demand will really squeeze price up fast.

Such a beautiful thing... :)

Quote from: loco on December 21, 2023, 06:31:35 AM
When?

When will we break 45k? Likely today.

(Or were you asking when we will hit 100k???)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 01, 2024, 10:16:55 PM
Quote from: Flexacon on January 01, 2024, 09:08:56 PM

I've mentioned eigenlayer restaking and the potential value that could bring to ETH. They haven't launched a token yet, but it's a legit project which is well funded and will have a huge token launch soon. The token will probably be available on big exchanges from day 1.

I will probably get involved with the eigenlayer  token, but I also want to take on more risk and speculate on the network so found a utility ALT called RSTK.

https://coinmarketcap.com/dexscan/ethereum/0x8c894d91748a42fc68f681090db06720779a7347/

Yes, the concept has promise for sure.

For those interested in legit "alts" I would strongly suggest you look at FILECOIN (FIL). I won't put the full explanation, but for anyone who takes just a little time to read the link below, it will be very obvious how much massive potential FIL has.

Basically, Filecoin is on its way to revolutionizing how we store data. It is already making money, growing in revenues and adoption, improving usability, and building out various new functionality which will make it essential to so many areas of crypto beyond just data storage.

Even better, FIL comes at a post-ICO boom / bust price, and is well listed on all major crypto exchanges. So not just one of the few legit projects with true upside, but also at a price that actually represents legitimate value.

https://filecointldr.io/

i=SAW_Hy87FzjMG2ZV

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on January 02, 2024, 01:06:45 AM
Quote from: gib on January 01, 2024, 10:16:55 PM
Yes, the concept has promise for sure.

For those interested in legit "alts" I would strongly suggest you look at FILECOIN (FIL). I won't put the full explanation, but for anyone who takes just a little time to read the link below, it will be very obvious how much massive potential FIL has.

Basically, Filecoin is on its way to revolutionizing how we store data. It is already making money, growing in revenues and adoption, improving usability, and building out various new functionality which will make it essential to so many areas of crypto beyond just data storage.

Even better, FIL comes at a post-ICO boom / bust price, and is well listed on all major crypto exchanges. So not just one of the few legit projects with true upside, but also at a price that actually represents legitimate value.

https://filecointldr.io/

i=SAW_Hy87FzjMG2ZV



shitcoiner!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 02, 2024, 03:33:55 AM
Quote from: Theoak* on January 02, 2024, 01:06:45 AM
shitcoiner!

Ha ha - and lol but No, I am definitely not a shitcoiner.

Filecoin is definitely not a shitcoin, and also is no way an "alt" to the function of BTC. (If you are unsure what FIL does, take a look at filecoin.io or https://filecointldr.io/.

Filecoin will have a profound effect on the way we store data. Theoretically, its network capacity and usage should surpass Google, Microsoft, Amazon, and Apple in terms of data storage capacity. Solana is one of many examples of blockchains which storea data on the FIL network.

I predict we will hear a lot more about this very important utility protocol in the years to come (and I look forward to quoting myself in 2028 etc when the price of FIL will make its current price look like an absolute bargain). The opportunity is out there for those who do just a little research. This is a possible 50x'er over the next decade if they execute as planned.

Is FIL an unregistered security? Quite possibly yes, but it is such an important innovation that it really cannot be stopped (although trading of the FIL tokens on US exchanges potentially could be). But its certainly NOT a shitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 03, 2024, 09:41:36 AM
Anyone manage to pick up some Sats in that nice little flash crash we just had? (I nibbled away at BTC, SOL, and FIL).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 03, 2024, 03:06:31 PM
Quote from: obsidian on January 01, 2024, 08:15:05 PM
Does this help? Something is wrong if you have to pay $20. Uniswap and Metamask support ETH L2s.


Cheers for the clip, i'll have to watch it through but with exchanges i am still paying huge money for a transfer.

I participated in an ICO last night and getting my ETH off an exchange to my wallet was about USD20 and by the time the ICO opened i paid USD35 just to transfer my ETH over lol. Talk about an unusable POS.


Quote from: obsidian on January 01, 2024, 09:16:45 PM
Gold and Silver are excellent conductors of electricity. Both are used in electronics and electrical devices. The price of Gold was also suppressed by the US government to promote the USD as the world's reserve currency. A sky-high gold price would undermine the US dollar and also affect the cost of electronics and other devices.

The death of the dollar could very well be because it was politicized with the Russian invasion of Ukraine. Nations now are concerned about opting into a currency that could be used against them depending on the way the wind blows - lol! So in the long run it may not be possible for the bankrupt US to suppress Gold or cryptocurrencies. They can try and ban ownership, sure. But I see the US political system as totally corrupt and beyond saving. It's rotting from within, and its influence is waning. But we'll see what happens in the next few years...

https://www.numismaticnews.net/coin-market/is-golds-price-manipulated

The USD is the global standard by a long mile. It won't change. The most aggressive inflationary event in 40yrs has done what? Made it stronger (DXY). The countries leaving are because their own currency is failing, sure go and trade among other failing currency nations and see how that works.......

Self ownership will be banned, that is a certainty unfortunately as the US has it as a key objective.

FWIW this is how an Autist brain sees the chart. If we do peak in Q4 2024 then next peak timing I will look for is out towards 2036. Better pray I am horrifically wrong 🙏



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 04, 2024, 03:35:39 AM
Quote from: Mayday on January 03, 2024, 03:06:31 PM
Cheers for the clip, i'll have to watch it through but with exchanges i am still paying huge money for a transfer.

The USD is the global standard by a long mile. It won't change. The most aggressive inflationary event in 40yrs has done what? Made it stronger.

Self ownership will be banned, that is a certainty unfortunately as the US has it as a key objective.

FWIW this is how an Autist brain sees the chart. If we do peak in Q4 2024 then next peak timing I will look for is out towards 2036. Better pray I am horrifically wrong 🙏

Lets be clear though, the USD weakens every day in terms of purchasing power. It's just that it is one of the more the least bad currencies in terms of decline of value when compared to others. But ALL fiat currencies are weakening in purchasing power over time, which is why BTC over time will continue to increase in value against the USD (let alone all other global fiat currencies).

You can't in practice, realistically enforce a ban on self-ownership of an intangible asset which is a bearer instrument, as you can't in practice, realistically ban freedom of thought. If we ever get to such a point in any country, most people would leave it if possible, unless they get physically trapped by force (North Korea as an example).

In terms of graphs, take a look at this on @Mayday.

https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/
 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 04, 2024, 04:03:45 AM
Quote from: gib on January 04, 2024, 03:35:39 AM
Lets be clear though, the USD weakens every day in terms of purchasing power. It's just that it is one of the more the least bad currencies in terms of decline of value when compared to others. But ALL fiat currencies are weakening in purchasing power over time, which is why BTC over time will continue to increase in value against the USD (let alone all other global fiat currencies).

You can't in practice, realistically enforce a ban on self-ownership of an intangible asset which is a bearer instrument, as you can't in practice, realistically ban freedom of thought. If we ever get to such a point in any country, most people would leave it if possible, unless they get physically trapped by force (North Korea as an example).

In terms of graphs, take a look at this on @Mayday.

https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/

Inflation is growth. That’s how it all works and why purchasing power shifts.

You ban self custody by blocking on/off ramps. It’s easy to do. BTC will be fine, I don’t have a problem with that one, it’s ETH which is loaded with risk from self custody alts.

The rainbow chart is a joke. Last round it fucked up, missed the top and overshot the bottom. So they left the top to show BS peaks and added a lower line to make out that it still works lol. PlanB model was a bucket of shit aswell. Dickhead even blocked me 😂

The true curve is how I have drawn it. You don’t make imaginary peaks when it misses. From the last run it fell out of its curve. both peak and lows were well out of the projection so when you adjust for that you get a softening over a time period.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 04, 2024, 07:02:24 AM
Quote from: Mayday on January 04, 2024, 04:03:45 AM
Inflation is growth. That’s how it all works and why purchasing power shifts.

You ban self custody by blocking on/off ramps. It’s easy to do. BTC will be fine, I don’t have a problem with that one, it’s ETH which is loaded with risk from self custody alts.

The rainbow chart is a joke. Last round it fucked up, missed the top and overshot the bottom. So they left the top to show BS peaks and added a lower line to make out that it still works lol. PlanB model was a bucket of shit aswell. Dickhead even blocked me 😂

The true curve is how I have drawn it. You don’t make imaginary peaks when it misses. From the last run it fell out of its curve. both peak and lows were well out of the projection so when you adjust for that you get a softening over a time period.

You are confusing productivity with inflation. Basically, as we become more productive, things should be getting CHEAPER, not more expensive. Indeed they are cheaper, but only in real terms, not nominal terms. This is because the productivity gains are offset by money-printing and currency devaluations. The fact that a house is 100x more expensive than it was 100 years ago, is not because the house is actually "worth more". It is because, there is 100x more cash in supply. If priced in BTC, houses, as an example, would be getting cheaper (due to improvements in manufacturing technology), not more expense (population and land supply issues aside). If supply of money was entirely fixed, prices of everything would actually be falling in nominal terms, as that same amount of money would need to be spread across a bigger total pie, this being ever increasingly thinly spread. Basic mathematics. Thus, you can see, productivity is actually DEFLATIONARY, and it is the money printing which is inflationary.

If inflation was equated to growth, then countries like Nigeria, Turkey, Venezuela, and Argentina would be growing fast. Any country can produce inflation by money printing. But such inflation does not equate to growth, nor does real growth lead to inflation (which is just currency devaluation caused by money printing). It is all dependent on the amount of currency in circulation. Believing that inflation equates with or is caused by growth is like people who believe in perpetual motion machine - if only it were that easy...just print more money... :)

Here is a great video which explains it:

i=mUyjRfLmFMy999bn

As for blocking on/off ramps, humans have throughout history found ways to protect value from theft and oppression, and to preserve and transfer value outside of the system. Even in highly restricted environments, such as prisons, or North Korea or China, people find innovative ways to do this.

Many ways exist to acquire BTC with no on-ramp. You can provide services for BTC, you can sell goods for BTC, and vice versa. You can trade peer to peer, not needing any intermediary. Over time, economic value always flows to where it is safest, no matter how hard you try to block it. This is what every single country has discovered, which is why not one "ban" on Bitcoin has ever succeeded. Indeed, in many countries, many adopters of BTC don't even have bank accounts (if this is what you mean by on/off ramps), yet BTC is thriving in demand, use and adoption.

Rainbow chart makes use of both logarithmic scale, overlaid with 4 year cycles. I think its a useful reference to consider, but I agree the past of course does not necessarily predict the future. And even if mathematically correct, you may not get perfect fit, due to a multitude of impactful global events, just like a flower which might in theory grow perfectly in a controlled environment, but in the "real world" will get blemishes due to weather patterns, insects, etc, and just like every season spring, summer, autumn, winter is not perfectly identical year to year. But the overall DNA of the growth and general weather pattern is there. Plan B's most famous chart plots stock to flow. Also interesting, but again obviously not a watertight match, and of course influenced by other variables. At the end of the day, these charts are tools, which you can use and incorporate into your own alculations, rather then perfect predictors.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 04, 2024, 05:42:09 PM
Quote from: gib on January 04, 2024, 07:02:24 AM
You are confusing productivity with inflation. Basically, as we become more productive, things should be getting CHEAPER, not more expensive. Indeed they are cheaper, but only in real terms, not nominal terms. This is because the productivity gains are offset by money-printing and currency devaluations. The fact that a house is 100x more expensive than it was 100 years ago, is not because the house is actually "worth more". It is because, there is 100x more cash in supply. If priced in BTC, houses, as an example, would be getting cheaper (due to improvements in manufacturing technology), not more expense (population and land supply issues aside). If supply of money was entirely fixed, prices of everything would actually be falling in nominal terms, as that same amount of money would need to be spread across a bigger total pie, this being ever increasingly thinly spread. Basic mathematics. Thus, you can see, productivity is actually DEFLATIONARY, and it is the money printing which is inflationary.

If inflation was equated to growth, then countries like Nigeria, Turkey, Venezuela, and Argentina would be growing fast. Any country can produce inflation by money printing. But such inflation does not equate to growth, nor does real growth lead to inflation (which is just currency devaluation caused by money printing). It is all dependent on the amount of currency in circulation. Believing that inflation equates with or is caused by growth is like people who believe in perpetual motion machine - if only it were that easy...just print more money... :)

Here is a great video which explains it:

i=mUyjRfLmFMy999bn

As for blocking on/off ramps, humans have throughout history found ways to protect value from theft and oppression, and to preserve and transfer value outside of the system. Even in highly restricted environments, such as prisons, or North Korea or China, people find innovative ways to do this.

Many ways exist to acquire BTC with no on-ramp. You can provide services for BTC, you can sell goods for BTC, and vice versa. You can trade peer to peer, not needing any intermediary. Over time, economic value always flows to where it is safest, no matter how hard you try to block it. This is what every single country has discovered, which is why not one "ban" on Bitcoin has ever succeeded. Indeed, in many countries, many adopters of BTC don't even have bank accounts (if this is what you mean by on/off ramps), yet BTC is thriving in demand, use and adoption.

Rainbow chart makes use of both logarithmic scale, overlaid with 4 year cycles. I think its a useful reference to consider, but I agree the past of course does not necessarily predict the future. And even if mathematically correct, you may not get perfect fit, due to a multitude of impactful global events, just like a flower which might in theory grow perfectly in a controlled environment, but in the "real world" will get blemishes due to weather patterns, insects, etc, and just like every season spring, summer, autumn, winter is not perfectly identical year to year. But the overall DNA of the growth and general weather pattern is there. Plan B's most famous chart plots stock to flow. Also interesting, but again obviously not a watertight match, and of course influenced by other variables. At the end of the day, these charts are tools, which you can use and incorporate into your own alculations, rather then perfect predictors.

No dude. The Measurement of growth is based on dollar value regardless of what caused it.

Both currency debasement (volume decreases) and productivity (volume increases) are measured in dollar terms and both provide value growth. Or are you suggesting you would sell your property for -45% because the growth is not real….. you can’t pick and choose which is why the arguments against inflation always fall over.

Argentina economy vs US is a retarded comparison. 99% inflation vs 2.5%. Argentina didn’t follow the rules and blew up their capital base, the US followed the rules. US GDP is positive from the inflation = no recession, and we have full employment. You don’t adjust for purchasing power in GDP.

The largest/fastest property gains come during the money printing inflationary cycles. The largest productivity gains/share market gains come AFTER the printing cycle ends. Both cycles need each other  in order to do their job.

If you have a fixed money supply you fail. I’ve used my Monopoly example time and again. If the true value is the money itself, there is no desire to invest because you only dilute your wealth. That’s a topic itself to explain the pitfalls of this method.

The question you and others should ask yourself is ‘what is money?’ because if you don’t understand that, you don’t understand why the current system behaves like it does.


 You and I would surely agree that if the space was cleaned up self custody would be a non-issue because we’d be safe to hold in banks. You just won’t like what regulation does to the price as it’s being cleaned up.

The rainbow chart is a scam. Stock to flow was a scam and I am blocked by PlanB lol 😂 he drew up multiple models and got people wrecked. He Was outed as someone who was not of the background he claimed. He was calling for 500k and we got 14% of the way there and you refer to it as not watertight? My friend, he is a scammer. Rainbow was so wrong they added a new line to the bottom to make out like it was right while showing the peak was missed entirely.















Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 05, 2024, 03:23:13 AM
@Mayday - bro, you are a smart guy, but you are confusing concepts (and you are not the first do to so).

I'll and explain it simply by using a very simple imaginary hypothetical to explain the concept. Please read below carefully, (and be sure to watch the Jeff Booth video I posted above).

Lets say we have 100 identical people, living in a country, who all annually produce 1 apple each. And lets say the total amount of money in supply is $100, and they only thing they spend money on is apples. The cost of each apple would be 1$ (being 100 apples divided by a total of $100 in circulation).

Now, imagine that the supply of money is fixed. Does that mean that people would all be content just with one apple? No, of course not. They would still be incentivized to be productive, and to get more apples from others, or to grow more. The human desire to be efficient, productive, and maximize returns does not diminish just because the supply of money is fixed.

So, now imagine a scenario where with fixed money supply, everyone has become more productive. Imagine that due to better farming, more hard work, or just the luck of better weather, that they now produce 10 apples each. What happens to the cost of apples as a result of this increased productivity? Prices of apples fall! That's right  - each apple, now only costs 10 cents. Increased productivity resulted in DEFLATION.

Similarly, lets now take a scenario where they are just still producing 1 apple (ie no increase in productivity), but the Government increases money supply by 10x. So now we have $1000 in supply, but the same number of apples being produced. Now each apple will cost $10. Now we have INFLATION in the price, yet there has been zero improvement in productivity.

Its really a very basic concept.

You do not need money printing to produce economic growth. Try playing monopoly without money being added into the system. You will see the same incentives still apply. Property owners still want to maximize their profits, and the best allocators of capital over time will still thrive over others. All money is, is a ledger. The problem with fiat currencies of course, is that they are all corrupt ledgers (some more corrupt than others), whereas Bitcoin is not. And this is why Bitcoin, over time, succeeds against all fiat currencies. All fiat currencies devalue over time (resulting in inflation, as the same amount of currency purchases less over time), and just because some devalue more than others, it does not mean that the slowest devaluing currency is actually gaining in real terms. Just like if you had 10 horses all running backwards, it does not mean that the least worst running horse is actually running forwards (although in relative terms, compared to the other horses, it may be appearing to do so - which is actually an illusion as over time, none are actually getting any closer to the finish line).

Similarly you do not need inflation or money printing to create productivity. For example, this is why in the US between 1880 and 1914, there was a surge in productivity, yet inflation averaged 0.1% per annum during this period Why? Because they money supply was fixed (ie on the Gold Standard). So its really absolutely absurd to suggest that "if you have a fixed money supply you fail". Give it some thought - you will eventually get it.

You are really confusing real value and productivity with nominal prices when you say that "the largest/fastest property gains come during the money printing inflationary cycles." I'll give you another very basic example. Lets say the average home in a country is worth 100K. How to we make everyone millionaires? We just debase the currency and print 10x the amount of money, and boom, each houses now worth 1 million! If only it were that simple :) So yes, everyone is now 10x richer, but that money now can only purchase 1/10 as much. Its like having a perpetual motion machine which defies the laws of physics. Many politicians fall into this trap, and they all realize eventually learn the hard way.

So its really absolutely absurd to suggest that "if you have a fixed money supply you fail".

As for being safe to hold BTC in banks, my view is that anytime you deposit anything with a 3rd party, you are not the owner. Money with a bank is simply a debt owed to you. Its not "your money". Bank goes under, and all you are is a creditor who has a claim against the bank. The ETF's will be highly regulated, so pretty safe, but still, "not your keys not your coin".

I don't think any financial model can be called a "scam" unless you are investing with the creator of that model on the belief that it will produce a promised return. And if you are doing that, then you are not understanding what the purpose of a model is (and again, perhaps some smart people really are confused on this). The purpose of financial models are to guide us in predicting what may occur in the future. And models are of course tweaked as new data constantly impacts the model. But by all means, we should always critically assess any model, use it / reject it. modify it, weight it etc, as we see fit, and incorporate it into our overall predictions along with all other variables as we best see fit. If Plan B said tha "x WILL HAPPEN", then clearly he was wrong. Any responsible analyst would frame it more carefully and explain that based on their model, which may or may not be correct, and in the absence of all other variables, x, is LIKELY TO HAPPEN. This distinction should be obvious, but I can see how people in mainstream YouTube-influencer land perhaps took these predictions as statements of fact and followed on blind faith. If so, lesson hopefully learned.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on January 05, 2024, 05:26:30 AM
One thing often mentioned about Bitcoin is that it's worth depends on The Greater Fool Theory.

>

Greater fool theory

In finance, the greater fool theory suggests that one can sometimes make money through the purchase of overvalued assets — items with a purchase price drastically exceeding the intrinsic value — if those assets can later be resold at an even higher price.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 05, 2024, 05:38:19 AM
Quote from: IroNat on January 05, 2024, 05:26:30 AM
One thing often mentioned about Bitcoin is that it's worth depends on The Greater Fool Theory.

>

Greater fool theory

In finance, the greater fool theory suggests that one can sometimes make money through the purchase of overvalued assets — items with a purchase price drastically exceeding the intrinsic value — if those assets can later be resold at an even higher price.

Neither BTC nor paper /fiat money have any intrinsic value. Both rely entirely on faith and confidence that others will continue to accept it and give it the value it had when it was acquired. The main difference being is that BTC is fixed and limited in supply, whereas paper / fiat money is not. What we, as investors, protectors and allocators of our capital need to do, is decide which currencies are likely to retain or increase in confidence, demand and adoption over time, and which ones will fail.

What we do know, with certainty, is that all fiat currencies decline in value over time, whereas BTC is finite in supply.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on January 05, 2024, 05:40:50 AM
Quote from: gib on January 05, 2024, 05:38:19 AM
Neither BTC nor paper /fiat money have any intrinsic value. Both rely entirely on faith and confidence that others will continue to accept it and give it the value it had when it was acquired. The main difference being is that BTC is fixed and limited in supply, whereas paper /fiat money is not.

Who the f*ck would care if something without any intrinsic value is fixed and limited in supply or not? ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 05, 2024, 05:43:27 AM
Quote from: affeman on January 05, 2024, 05:40:50 AM
Who the f*ck would care if something without any intrinsic value is fixed and limited in supply or not? ;D

Pretty much just anyone wanting an incorruptible global ledger for storing value...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on January 05, 2024, 05:50:07 AM
Quote from: gib on January 05, 2024, 05:38:19 AM
Neither BTC nor paper /fiat money have any intrinsic value. Both rely entirely on faith and confidence that others will continue to accept it and give it the value it had when it was acquired. The main difference being is that BTC is fixed and limited in supply, whereas paper / fiat money is not. What we, as investors, protectors and allocators of our capital need to do, is decide which currencies are likely to retain or increase in confidence, demand and adoption over time, and which ones will fail.

What we do know, with certainty, is that all fiat currencies decline in value over time, whereas BTC is finite in supply.

How is Bitcoin fixed in supply when people make more with computers?

Can you go in the supermarket and buy groceries with Bitcoin or do you have to convert your Bitcoin into fiat currency first?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: BigRo on January 05, 2024, 05:51:39 AM
Can you really make alot of money on bitcoin trading platforms? On Facebook you see pictures of happy people with wads of cash in front of new homes etc and I find it hard to believe.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on January 05, 2024, 05:53:10 AM
Quote from: BigRo on January 05, 2024, 05:51:39 AM
Can you really make alot of money on bitcoin trading platforms? On Facebook you see pictures of happy people with wads of cash in front of new homes etc and I find it hard to believe.

There are photos on the internet of happy multi-level marketing (like AmWay) distributors living in waterfront mansions with luxury cars.

It does happen but it is extremely rare.  So rare it is comparable to winning a huge lottery Mega Jackpot.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on January 05, 2024, 05:56:51 AM
Quote from: gib on January 05, 2024, 05:43:27 AM
Pretty much just anyone wanting an incorruptible global ledger for storing value...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on January 05, 2024, 05:58:59 AM
Quote from: gib on January 05, 2024, 05:38:19 AM
Neither BTC nor paper /fiat money have any intrinsic value.

I love my paper/fiat money.  I use it to buy stocks, bonds, property, cars, pay bills, pay for food, vacations, and anything else I want to.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 05, 2024, 06:00:38 AM
i=6JhKgpgfzHfmIDvA
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 05, 2024, 06:03:25 AM
Quote from: loco on January 05, 2024, 05:58:59 AM
I love my paper/fiat money.  I use it to buy stocks, bonds, property, cars, pay bills, pay for food, vacations, and anything else I want to.

Love it so much that you will do anything with it other than actually hold it as a store of value. On the other hand, we can use BTC to buy whatever we want too, only BTC goes up in value over the long term, whereas paper/fiat declines...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on January 05, 2024, 06:04:42 AM
Quote from: gib on January 05, 2024, 06:03:25 AM
Love it so much that you will do anything with it other than actually hold it as a store of value. On the other hand, we can use BTC to buy whatever we want too, only BTC goes up in value over the long term, whereas paper/fiat declines...

If u say so.... :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 05, 2024, 06:36:56 AM
Quote from: IroNat on January 05, 2024, 05:50:07 AM
How is Bitcoin fixed in supply when people make more with computers?

Can you go in the supermarket and buy groceries with Bitcoin or do you have to convert your Bitcoin into fiat currency first?

Read this thread from the beginning. These questions have been answered many times.

This may also help...

https://bitcoin.org/bitcoin.pdf
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on January 05, 2024, 06:51:54 AM
Quote from: IroNat on January 05, 2024, 05:50:07 AM
How is Bitcoin fixed in supply when people make more with computers?

Can you go in the supermarket and buy groceries with Bitcoin or do you have to convert your Bitcoin into fiat currency first?

This limited supply saga is fake anyway. Considering how many people I already know personally who own 1 or more BTC just in my small rural home area in Europe, there is no f*ing way there can be only 21 million of them worldwide :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 05, 2024, 11:18:07 AM
Quote from: gib on January 05, 2024, 05:38:19 AM
The main difference being is that BTC is fixed and limited in supply, whereas paper / fiat money is not.
Interesting that ZCASH never got the traction of Bitcoin. ZEC also has a finite supply of 21 million, like Bitcoin. In addition, it offers better privacy than Bitcoin, so your transactions are not exposed. In 2017/18 the price ran up to $700. Then it crashed, rebounded a little in 2021 and is now back at $25. I think the reason is governments don't like the opaqueness of Zcash or Monero, and miners / investors have therefore not really gotten involved with it on a larger scale for fear of a crack down perhaps. And institutions prefer more transparency.

I mined a little Zcash for a few weeks in 2018 but quickly switched al my rigs to Ethereum. Glad I did, that would have been a huge loss. And yes, I did pay taxes on the mined ZEC. If I cash out on that now I would probably get a little tax loss to offset any other profits.

Point is, the finite supply narrative is only part of the story. There are even less Monero XMR in circulation than BTC - 18.38 million. It has a very low inflation which is set to go to 0%. It was founded in 2014 and even with it's small inflation only grew to 18.38 million. And it's privacy features are way better than Bitcoin.

What is Zcash?
ZCash (ZEC) is a fully anonymous and decentralized blockchain and cryptocurrency. Transactions on its proof of work blockchain are untraceable because of zero-knowledge cryptography. It was created in response to, their words, bitcoin’s flaws. It uses the same algorithm as bitcoin but then in combination with semi-transparent processing, to avoid the transparency of bitcoin. The user transaction data is revealed selectively.

The goal of ZCash
Zcash is developed to overcome bitcoin’s privacy “flaws” and uses zero-knowledge proofs to verify and validate transactions. ZCash’s blockchain aims to provide practical utility for businesses and large organizations interested in systems that combine the benefits of blockchain technology with privacy.

Who started ZCash
In 2016, ZCash was founded by Zooko Wilcox-O’Hearn in response to demands for an open financial system with added privacy features. Zcash’s roots lie in Zerocoin, which was developed in the 1980s; ZCash was initially launched as Zerocash back in 2014.

What is Monero?
Monero (XMR) is a cryptocurrency which focuses on being untraceable and private. It differs from Bitcoin's in a few key ways, but is very similar to Bitcoin: it’s an anonymous version of Bitcoin. It can be used to buy and sell things, and be exchanged for other coins or tokens.

The goal of Monero
The privacy features of Monero gives it its most value. No one can link Monero cryptocurrency transactions to a person. Monero is also created for its fungibility, all Monero coins are identical and mutually interchangeable. Monero has dynamic scalability, which means it has no “pre-set” block size limit. Monero has ASIC resistance and multiple keys.

Who started Monero
Bytecoin, launched in 2012, was the precursor of Monero. It was the first digital currency that was written using a technology called CryptoNote. CryptoNote is the spine of most of the privacy-based cryptocurrencies that exist, including Monero. However, there were a few issues with Bytecoin, which lead to a group of seven developers to fork the Bytecoin blockchain. The new currency would be known as Bitmonero, later named Monero. Five of the seven developers decided to stay anonymous. Only two of these Monero developers are known: Riccardo Spagni and David Latapie.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 05, 2024, 11:21:28 AM
Quote from: affeman on January 05, 2024, 06:51:54 AM
This limited supply saga is fake anyway. Considering how many people I already know personally who own 1 or more BTC just in my small rural home area in Europe, there is no f*ing way there can be only 21 million of them worldwide :D
The blockchain is transparent. Just because you know a few people who own 1 or more BTC does not mean the supply is more than 21 million. You're speculating.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 05, 2024, 11:24:44 AM
Quote from: gib on January 05, 2024, 06:00:38 AM
i=6JhKgpgfzHfmIDvA
Youtube really needs to crack down on the Michael Saylor Deep Fake scams that are being advertised all over the place. You'd think someone will sue the fuck out of them. Those are paid advertisements that's designed to lure people and steal their fucking money. Where is the SEC when they are really needed?! Imagine if these ads appeared on CNN. I've seen these ads many times the past few weeks.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on January 05, 2024, 11:27:00 AM
I can understand the attraction of Bitcoin for privacy.

On crime TV shows they use it to be anonymous in paying and receiving payments from illicit activities.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 05, 2024, 11:28:19 AM
Quote from: affeman on January 05, 2024, 05:56:51 AM

That was not a debate. It was an edited piece. I don't think they have ever debated. I would love to see Vitalik Buterin debate Schiff! Buterin has the uncanny way of not ever talking about the value of the assets or how much money is at stake. He talks about the tech, the social effect, censorship issues, shit like that - lol! He did once mention that gold was lame and the kids of today don't want to own stocks either.  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 05, 2024, 11:30:21 AM
Quote from: IroNat on January 05, 2024, 11:27:00 AM
I can understand the attraction of Bitcoin for privacy.

On crime TV shows they use it to be anonymous in paying and receiving payments from illicit activities.
Bitcoin does not have privacy. The privacy coins are Zcash and Monero. Both those were designed off the Bitcoin model, and both have been around for many years now. They also both have supplies comparable to Bitcoin. But the privacy feature is actually hampering their adoption. Governments want to be able to track crypto transactions. That's why they prefer the non-privacy coins like Bitcoin, Ethereum, Solana, Cardano, etc.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on January 05, 2024, 11:32:26 AM
Quote from: obsidian on January 05, 2024, 11:30:21 AM
Bitcoin does not have privacy. The privacy coins are Zcash and Monero. Both those were designed off the Bitcoin model, and both have been around for many years now. They also both have supplies comparable to Bitcoin. But the privacy feature is actually hampering their adoption. Governments want to be able to track crypto transactions. That's why they prefer the non-privacy coins like Bitcoin, Ethereum, Solana, Cardano, etc.

Well, whatever they use on the TV shows to pay the hitman.

Makes for a good plot device. ;)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 05, 2024, 11:44:14 AM
Once Peter Schiff and Jim Cramer turn bullish on BTC, sell! Oh wait........
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on January 05, 2024, 11:59:04 AM
Quote from: gib on January 05, 2024, 06:03:25 AM
we can use BTC to buy whatever we want too

Quote from: gib on January 05, 2024, 06:03:25 AM
only BTC goes up in value over the long term

(https://media.tenor.com/sttF8xY21_QAAAAM/goodfellas-henry-hill.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on January 05, 2024, 12:25:54 PM
Quote from: loco on January 05, 2024, 11:59:04 AM
(https://media.tenor.com/sttF8xY21_QAAAAM/goodfellas-henry-hill.gif)

This time it's different.

(https://www.trbimg.com/img-5441a0e1/turbine/sns-mct-bc-garden-tulips-return-20141017)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 05, 2024, 04:55:14 PM
Quote from: gib on January 05, 2024, 03:23:13 AM
@Mayday - bro, you are a smart guy, but you are confusing concepts (and you are not the first do to so).

I'll and explain it simply by using a very simple imaginary hypothetical to explain the concept. Please read below carefully, (and be sure to watch the Jeff Booth video I posted above).

Lets say we have 100 identical people, living in a country, who all annually produce 1 apple each. And lets say the total amount of money in supply is $100, and they only thing they spend money on is apples. The cost of each apple would be 1$ (being 100 apples divided by a total of $100 in circulation).

Now, imagine that the supply of money is fixed. Does that mean that people would all be content just with one apple? No, of course not. They would still be incentivized to be productive, and to get more apples from others, or to grow more. The human desire to be efficient, productive, and maximize returns does not diminish just because the supply of money is fixed.

So, now imagine a scenario where with fixed money supply, everyone has become more productive. Imagine that due to better farming, more hard work, or just the luck of better weather, that they now produce 10 apples each. What happens to the cost of apples as a result of this increased productivity? Prices of apples fall! That's right  - each apple, now only costs 10 cents. Increased productivity resulted in DEFLATION.

Similarly, lets now take a scenario where they are just still producing 1 apple (ie no increase in productivity), but the Government increases money supply by 10x. So now we have $1000 in supply, but the same number of apples being produced. Now each apple will cost $10. Now we have INFLATION in the price, yet there has been zero improvement in productivity.

Its really a very basic concept.

You do not need money printing to produce economic growth. Try playing monopoly without money being added into the system. You will see the same incentives still apply. Property owners still want to maximize their profits, and the best allocators of capital over time will still thrive over others. All money is, is a ledger. The problem with fiat currencies of course, is that they are all corrupt ledgers (some more corrupt than others), whereas Bitcoin is not. And this is why Bitcoin, over time, succeeds against all fiat currencies. All fiat currencies devalue over time (resulting in inflation, as the same amount of currency purchases less over time), and just because some devalue more than others, it does not mean that the slowest devaluing currency is actually gaining in real terms. Just like if you had 10 horses all running backwards, it does not mean that the least worst running horse is actually running forwards (although in relative terms, compared to the other horses, it may be appearing to do so - which is actually an illusion as over time, none are actually getting any closer to the finish line).

Similarly you do not need inflation or money printing to create productivity. For example, this is why in the US between 1880 and 1914, there was a surge in productivity, yet inflation averaged 0.1% per annum during this period Why? Because they money supply was fixed (ie on the Gold Standard). So its really absolutely absurd to suggest that "if you have a fixed money supply you fail". Give it some thought - you will eventually get it.

You are really confusing real value and productivity with nominal prices when you say that "the largest/fastest property gains come during the money printing inflationary cycles." I'll give you another very basic example. Lets say the average home in a country is worth 100K. How to we make everyone millionaires? We just debase the currency and print 10x the amount of money, and boom, each houses now worth 1 million! If only it were that simple :) So yes, everyone is now 10x richer, but that money now can only purchase 1/10 as much. Its like having a perpetual motion machine which defies the laws of physics. Many politicians fall into this trap, and they all realize eventually learn the hard way.

So its really absolutely absurd to suggest that "if you have a fixed money supply you fail".

You had me at ‘you are a smart guy’ :D   

If I don’t understand the concept here are some softball questions:

First softball question:
Why would anyone invest in production when your output devalues meaning your capital is the thing of increasing value/incentive? What is the incentive to trigger investment?

Second softball question:
From the consumer demand view, why would you want to consume more if your currency increases in value faster than falling prices of goods you want to purchase?

Third softball question:
If it’s supposed to be fixed supply and fixed wages, money flows to the top and peasants go broke (eg Monopoly). How do you prevent this?

Lastly, if Jeff Booth believes in a fixed supply where the capital becomes more valuable, and today BTC capital is becoming more valuable, why does he promote HoDLing today but then believes nobody will HoDL when his fixed supply model promotes the exact same Behaviour?


If you can answer the above without tripping over I will be impressed as I have had some very smart dudes give up because their answers always came back to a model that worked the same as today which is rising prices & rising wages or falling prices & falling wages.

Imagine walking into the office and celebrating a -5% wage decrease lol 😂  don’t people see how retarded that is and yet this would happen to prevent a fixed supply from failing. Falling prices = falling wages.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 05, 2024, 05:31:27 PM
I’ll give the answer to everyone about WHY we use inflationary monetary systems.

When you make your currency the depreciating capital, people want to get rid of it and invest into production to earn value greater than the currency.

Currency is supposed to depreciate and rates are there to incentivise/disincentivise. We raise rates to incentivise holding currency/bonds which sucks liquidity out of productivity and causes collapse of poor investment. Only the best survives.

During the rate hike cycle, shortages occur as investment liquidity is sucked out which causes prices to rise in property and rents. At peak rate cycle we have cleansed poor investment and had all money flow back into currency and property of which mortgage LVR is very low.

We then begin the investment cycle all over again where rates are lowered which means less incentive to hold currency and investment into productivity is encourages.

This is why property has the largest growth during the hike rise phase and why the S&P has its greatest growth during the rate decline phase.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Humble Narcissist on January 06, 2024, 01:16:40 AM
Quote from: Mayday on January 05, 2024, 05:31:27 PM
I’ll give the answer to everyone about WHY we use inflationary monetary systems.

When you make your currency the depreciating capital, people want to get rid of it and invest into production to earn value greater than the currency.

Currency is supposed to depreciate and rates are there to incentivise/disincentivise. We raise rates to incentivise holding currency/bonds which sucks liquidity out of productivity and causes collapse of poor investment. Only the best survives.

During the rate hike cycle, shortages occur as investment liquidity is sucked out which causes prices to rise in property and rents. At peak rate cycle we have cleansed poor investment and had all money flow back into currency and property of which mortgage LVR is very low.

We then begin the investment cycle all over again where rates are lowered which means less incentive to hold currency and investment into productivity is encourages.

This is why property has the largest growth during the hike rise phase and why the S&P has its greatest growth during the rate decline phase.
Thanks for this explanation.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on January 06, 2024, 03:59:16 AM
I heard that you should keep your cash in mattresses so I invest in them.

So far, I think it's going well.

(http://generalplatform.blob.core.windows.net/wwwthemattressfactoryinccom/multimedia/images/stores/large/6851326a-ae4d-4060-ba89-da18fc7a1d6d.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on January 06, 2024, 04:17:39 AM
Quote from: IroNat on January 06, 2024, 03:59:16 AM
I heard that you should keep your cash in mattresses so I invest in them.

So far, I think it's going well.

(http://generalplatform.blob.core.windows.net/wwwthemattressfactoryinccom/multimedia/images/stores/large/6851326a-ae4d-4060-ba89-da18fc7a1d6d.jpg)

Great choice, as they will go up in value over the long term, whereas paper/fiat declines... :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 08, 2024, 01:39:22 AM
Quote from: affeman on January 06, 2024, 04:17:39 AM
Great choice, as they will go up in value over the long term, whereas paper/fiat declines... :D

Now if only they were mathematically fixed in supply, infinitely divisible into any amount, instantly portable to anywhere in the world, at almost zero cost, were accepted globally as a medium of exchange, were becoming increasingly integrated into our financial system, were being adopted by nation states, decentralized from any Government control, had a pending US ETF application possibly due to be approved by the SEC, and had an obvious adoption curve as becoming a major asset class just in its infancy. Then, you might just be on to something... :). Until then, if you like something physical, stick with gold. If you like something superior to gold on all monetary metrics, then Bitcoin is your #1 choice.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 08, 2024, 02:18:57 AM
You can relax now Gib, no point trying to explain it to the village idiot.

Wall St and all the media they have in their back pockets will do the BTC pimping now. Not to mention all the account managers who will be trying to pimp the ETF to clients so they can collect their commission.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 08, 2024, 03:18:28 AM
Quote from: Flexacon on January 08, 2024, 02:18:57 AM
You can relax now Gib, no point trying to explain it to the village idiot.

Wall St and all the media they have in their back pockets will do the BTC pimping now. Not to mention all the account managers who will be trying to pimp the ETF to clients so they can collect their commission.

Ha ha - yes indeed. Well you can lead a Getbigger to water, but sometimes you just can't make them drink. Still, I try...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on January 08, 2024, 04:51:54 AM
There are different sides to the Bitcoin saga.

One is that Bitcoin will one day be a popular medium of exchange like fiat currency.  Someday you will go to Walmart and buy stuff at the checkout with Bitcoin.

Another is that Bitcoin has intrinsic value itself, like gold or silver or company stock, and the value will rise and fall. 

The most popular viewpoint and the one that generates excitement is that Bitcoin has intrinsic value.

https://buybitcoinworldwide.com/price/

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 08, 2024, 08:58:52 AM
Quote from: IroNat on January 08, 2024, 04:51:54 AM
There are different sides to the Bitcoin saga.

One is that Bitcoin will one day be a popular medium of exchange like fiat currency.  Someday you will go to Walmart and buy stuff at the checkout with Bitcoin.

Another is that Bitcoin has intrinsic value itself, like gold or silver or company stock, and the value will rise and fall. 

The most popular viewpoint and the one that generates excitement is that Bitcoin has intrinsic value.

https://buybitcoinworldwide.com/price/

Bitcoin has no intrinsic value. But that is its strength, and not any weakness, as its various other qualities, including its absolute scarcity, make it the ultimate store of value, noting that whilst BTC as an asset does not produce anything, it does as an asset, take considerable amount of effort to create, with a pre-defined cap on supply. (Fiat currency also has no intrinsic value by the way, with its only value derived from the value others are willing to attribute to it, only unlike BTC it can be infinitely printed - hence the increasing an unstoppable trend of converting fiat to BTC over time).

As for being a medium of exchange, it most definitely is one - that should be obvious. Indeed, globally, Bitcoin is already the most accepted universally accepted currency other than the USD). However, just like other stores of value (real estate, art, gold, etc), we don't typically use it for "day to day transactions", one reason being that it is still in an adoption phase and thus rapidly increasing in value over time (although unlike real estate, art, gold, etc it is easily usable in any amount, if wishing to do so.) Most people would use it to store value, given it is still rapidly appreciating, and then if needed, convert small amounts of the BTC into fiat to use at a country level. However over time, and especially as its rate of global adoption growth eventually slows, we may we see a lot more transactions on the 2nd layer Lightening Network. For those who now want to use it consistently for day to day to transactions, they just have a BTC backed Visa card which can then be used globally, anywhere where Visa cards are used for fiat transactions (which is what a number of my BTC global nomad friends do, or they can of course also use it anywhere Lightening payment are accepted).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Quilzechews on January 08, 2024, 09:12:38 AM
Quote from: IroNat on January 08, 2024, 04:51:54 AM
There are different sides to the Bitcoin saga.

One is that Bitcoin will one day be a popular medium of exchange like fiat currency.  Someday you will go to Walmart and buy stuff at the checkout with Bitcoin.

Another is that Bitcoin has intrinsic value itself, like gold or silver or company stock, and the value will rise and fall. 

The most popular viewpoint and the one that generates excitement is that Bitcoin has intrinsic value.

https://buybitcoinworldwide.com/price/

Bitcoin will never be used to by things in a store like fiat, think of it as a goldbar
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 08, 2024, 09:29:04 AM
Quote from: Quilzechews on January 08, 2024, 09:12:38 AM
Bitcoin will never be used to by things in a store like fiat, think of it as a goldbar

Exactly - gold has historically been a pretty good store of value, but as you said, we don't typically go around buying things in Gold bars either, and that has not prevented gold from being a store of value for 5000+ years.

With BTC, it is of course actually far more feasible to do, in that it is infinitely divisible, instantly transferrable, portable with no physical mass, etc, but for now (as I stated for the reasons above in my earlier post), most of us don't typically use our Sats for this purpose.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 08, 2024, 11:33:53 AM
Well gents, we blasted decisively through 46K today. Bring on 47!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on January 08, 2024, 11:44:00 AM
Quote from: gib on January 08, 2024, 11:33:53 AM
Well gents, we blasted decisively through 46K today. Bring on 47!

What is causing the value of bitcoin to increase?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 08, 2024, 11:56:27 AM
Quote from: IroNat on January 08, 2024, 11:44:00 AM
What is causing the value of bitcoin to increase?

It's about to get spot ETF approval.

Over the next 6 months you will be bombarded with BTC ETF advertising and financial news outlets will be trying to put the idea into your head that now might be a good time to look at buying bitcoin. People are front running this.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 08, 2024, 12:28:32 PM
Quote from: Flexacon on January 08, 2024, 11:56:27 AM
It's about to get spot ETF approval.

Over the next 6 months you will be bombarded with BTC ETF advertising and financial news outlets will be trying to put the idea into your head that now might be a good time to look at buying bitcoin. People are front running this.

And remember, if you believe that an ETF will soon be approved, and/or if it is actually approved, you still have a MASSIVE opportunity to front-run Wall St. These global financial titans and HNW's move slowly and conservatively, and their money will flow into BTC in the years and decades to come. Still so much time to get in ahead. We don't often get such obvious "no-brainer" financial opportunities in life.

Wouldn't it be nice if all us GetBiggers could pat ourselves on the back in years to come knowing that we financially benefitted from our time on this website, as a result became wholecoiners.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 08, 2024, 12:53:31 PM
https://unchainedcrypto.com/how-will-a-spot-bitcoin-etf-in-the-u-s-affect-the-rest-of-the-world/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 08, 2024, 02:02:04 PM
About to pass though 47,000, next target 48K.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 08, 2024, 02:29:26 PM

Bitcoin has continued new supply out to 2140. Bitcoin is divisible down to 8 decimal places. I will use sandpit maths and basic assumptions in the below but my workings ring true in the theme I outline.

We can say gold is a fixed form of measurement in ounces but production influences floating supply and with Bitcoin we have a capped 21M of which supply is inbound for 120yrs but it is divisible in it’s base size measurement.

In other words being divisible to 8 decimal places is equivalent to having production changes. Ie divisible = future supply giving us a total available supply of 13 numerical places (5+8) + 120yrs of new production.

The argument from maxis that is 21M = 21M. However 1BTC has 100M satoshis so the supply is 21M x 100M. Using sandpits maths with huge assumptions,  at peak adoption which is 1% own 45% of global wealth, we get 80M people owning around 8M Bitcoins. Today 8M Bitcoins is owned by roughly 0.002M people which has us at 0.000025% of the peak adoption.

Some will look at that adoption and think they are early. The problem is we have 2,000 people at the top end when we need 80,000,000 which requires the same 8,000,000 to be diluted over and over and over until we achieve that spread. If you want price to continually go up it’s a question of can the dilution of Ownership outpace its divisible nature and desirability.

This gets to why I can see the possibility for lower lows set in the future. At 80M people peak adoption it’s 10BTC per person in the top 1%. Saylor has 120,000……  yes I realise the numbers aren’t exact but hopefully you get my point.

It Doesn’t mean it can’t happen but adoption at the top end adoption is a real fucking problem right now.  Stop looking at Saylor buying and start asking who the hell is selling. Multiple sellers dumping on Saylor = inverse adoption.





Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 08, 2024, 02:40:49 PM
Quote from: Flexacon on January 08, 2024, 11:56:27 AM
It's about to get spot ETF approval.

Over the next 6 months you will be bombarded with BTC ETF advertising and financial news outlets will be trying to put the idea into your head that now might be a good time to look at buying bitcoin. People are front running this.

48.4K is the Fib so we are getting close now, might need to go towards 50k to trap everyone.

Perhaps BTC peak in Feb, ETH peak in Mar and a nasty retrace.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 08, 2024, 05:42:31 PM
To tie my short novel above into why Saylor is a total Degenerate who will be nuked, he is soaking up people dumping on him by issuing shares and sending the price up which allows issuing of more shares to soak up more dumping. He successfully built the self funding infinite energy machine.

Where are the other big buyers? Why after 4yrs are we still relying on Saylor buying? We should have another 10,000 Sailors right now. Hell, even Tesla dumped but where is their replacement?

The S&P PE ratio peaked at 47 during the Dotcom, it peaked at 123 for the GFC. MSTR currently sits at 590, is the 3rd largest BTC holder and its operation is buying BTC to make the price go up so it can issue shares to buy BTC and make the price go up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 09, 2024, 07:31:55 AM
Saylor won. He is King Degen

ETF approval tomorrow and they start trading Thursday (unverified)

58K btc soon?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 09, 2024, 09:35:39 AM
Quote from: Mayday on January 08, 2024, 05:42:31 PM
To tie my short novel above into why Saylor is a total Degenerate who will be nuked, he is soaking up people dumping on him by issuing shares and sending the price up which allows issuing of more shares to soak up more dumping. He successfully built the self funding infinite energy machine.

Where are the other big buyers? Why after 4yrs are we still relying on Saylor buying? We should have another 10,000 Sailors right now. Hell, even Tesla dumped but where is their replacement?

The S&P PE ratio peaked at 47 during the Dotcom, it peaked at 123 for the GFC. MSTR currently sits at 590, is the 3rd largest BTC holder and its operation is buying BTC to make the price go up so it can issue shares to buy BTC and make the price go up.

A few quick comments.

Saylor is an absolute legend.

What his doing is entirely appropriate. Anyone (and any could have borrowed (devaluing) money, and purchased (appreciating) Bitcoin. Indeed, this is the role of capital - to efficiently allocate to ensure it is best preserved and/or produces the greatest return. He was entirely transparent about this at all times, and any shareholder who didn't like this move was free to sell (and those that did now regret it big time).

Further, when you have the underlying income-producing part of the business overvalued (by my calculation by around 30%), it again is the right thing to do, to issue shares, and then make use of that money to benefit shareholders by putting it to better use to create value, which is exactly what he is doing.

MSTR owns around 0.7% of all BTC ever issued, which is a shitload - good on them, they moved fast and decisively. He is also a great advocate for BTC, which at the same time is of great benefit to his sharehodlers.

Again, any company could have (and still can) adopt a similar strategy. Indeed thousands of companies are already buying BTC as a reserve asset, and the real big boys in finance (who move much slower) are about to get started doing so, as over time, will sovereign wealth funds. So, this party is just getting started. If BTC continues this progression in adoption, the value of BTC in a decade will be mind-blowing. (I urge anyone to become a whole-coiner if they still can).

Tesla I suspect will move directly into BTC mining (you heard it here first). A typical Musk move, for numerous reasons.

As for MSTR, don't let the PE distract you. The BTC EFT's by comparison will have zero "E".  That MSTR has any E at all in simply a function of their data analytics biz compared to their overall assets they hold (which is of course the BTC). So I would expect that PE to continue to increase over time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 09, 2024, 01:33:50 PM
Quote from: Flexacon on January 09, 2024, 07:31:55 AM
Saylor won. He is King Degen

ETF approval tomorrow and they start trading Thursday (unverified)

58K btc soon?

Yeah a big pump over 50k would be nice.

ETH Target is somewhere around 3000. Same return as BTC. Bottom price should have been 250 instead of 950 but that was the result of the frontrun. Instead of 12x it’s a 3x.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on January 09, 2024, 02:57:49 PM
Honest question. Who here is a Bitcoin millionaire?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 09, 2024, 03:00:51 PM
Quote from: gib on January 09, 2024, 09:35:39 AM
A few quick comments.

Saylor is an absolute legend.

What his doing is entirely appropriate. Anyone (and any could have borrowed (devaluing) money, and purchased (appreciating) Bitcoin. Indeed, this is the role of capital - to efficiently allocate to ensure it is best preserved and/or produces the greatest return. He was entirely transparent about this at all times, and any shareholder who didn't like this move was free to sell (and those that did now regret it big time).

Further, when you have the underlying income-producing part of the business overvalued (by my calculation by around 30%), it again is the right thing to do, to issue shares, and then make use of that money to benefit shareholders by putting it to better use to create value, which is exactly what he is doing.

MSTR owns around 0.7% of all BTC ever issued, which is a shitload - good on them, they moved fast and decisively. He is also a great advocate for BTC, which at the same time is of great benefit to his sharehodlers.

Again, any company could have (and still can) adopt a similar strategy. Indeed thousands of companies are already buying BTC as a reserve asset, and the real big boys in finance (who move much slower) are about to get started doing so, as over time, will sovereign wealth funds. So, this party is just getting started. If BTC continues this progression in adoption, the value of BTC in a decade will be mind-blowing. (I urge anyone to become a whole-coiner if they still can).

Tesla I suspect will move directly into BTC mining (you heard it here first). A typical Musk move, for numerous reasons.

As for MSTR, don't let the PE distract you. The BTC EFT's by comparison will have zero "E".  That MSTR has any E at all in simply a function of their data analytics biz compared to their overall assets they hold (which is of course the BTC). So I would expect that PE to continue to increase over time.

You see that -20% whack to the MSTR share price right now? Dude, That was Saylor dumping his own MSTR shares on everybody 😂…… #visionary #HoDL #soearly

MSTR bought Bitcoin first with cash, then raised 2 share maturities which are currently underwater, then raised debt at junk bond interest rates, now issue new shares to buy Bitcoin. A business based on the price of BTC with a model that has raised annual debt the last 3yrs to buy Bitcoin to pump the price of which they are on their 4th and final method of capital raising.

A legend indeed. Blows it up in Dotcom. Has no salary or bonus since then. Just as his last capital raising method gets exhausted and BTC nears a peak, he exercises all his share options and dumps the lot on everybody 🤣

You’ll see it unfold in the next bear market. $150 won’t hold and he knows he has fucked the share price.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: deadz on January 09, 2024, 03:03:57 PM
Quote from: El Diablo Blanco on January 09, 2024, 02:57:49 PM
Honest question. Who here is a Bitcoin millionaire?
A lot of dreamers in this thread. Unlikely that even one has even close to a million.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on January 09, 2024, 04:23:31 PM
A million pesos maybe.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on January 09, 2024, 05:24:17 PM
Quote from: deadz on January 09, 2024, 03:03:57 PM
A lot of dreamers in this thread. Unlikely that even one has even close to a million.

I figured even if I bought then years ago for $1 I probably would have sold at $100. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on January 09, 2024, 05:44:08 PM
Quote from: El Diablo Blanco on January 09, 2024, 02:57:49 PM
Honest question. Who here is a Bitcoin millionaire?

Didn't you know? This is the cycle  maxis become hectar millionaires.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 09, 2024, 06:07:41 PM
Quote from: El Diablo Blanco on January 09, 2024, 02:57:49 PM
Honest question. Who here is a Bitcoin millionaire?

gib is the only one I think.

Some dude (not aobsidian) came on here back in 2021 and said he had 750k in Doge and I believe from there price doubled and he was holding. Even if he dumped at lows he would still have a couple hundred grand.

I have $100 invested in ‘spastic’.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 10, 2024, 02:24:36 AM
Quote from: Mayday on January 09, 2024, 06:07:41 PM
gib is the only one I think.


Lol, well yes there is me. But there must be quite a few others. I am sure there are some who just don't wish to disclose. This thread started when BTC was around USD 4.5K, so we have 10x'd since then. So anyone who had more than 100K invested in Sats at that time and simply hodl'd would be a BTC millionaire.

In my immediate circle of closest friends, 5 of 6 are BTC millionaires also. (And one is a non-coiner yet to be converted, despite our best efforts). In my broader circle of friends, numerous others are also BTC millionaire.

My strong advice to anyone here, is GET TO ONE COIN NOW, WHILE YOU STILL CAN.

And if you can't get to one coin, and least get off zero and start stacking.

Anyone who can get a coin now at 45K, (which may seem "expensive") will appear like one of the greatest investments of all time in a decade to come.

The next 12 hours is a crucial window, and I expect some volatility over the next 3 months (both up and down), but again, my advice is buy now within the next 12 hours , and then either way buy hard over the next 6 months. This next phase is going to be fun, and everyone here still has a chance to be part of it and front-run the real power-players of global finance.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on January 10, 2024, 02:41:27 AM
Quote from: El Diablo Blanco on January 09, 2024, 02:57:49 PM
Honest question. Who here is a Bitcoin millionaire?

I believe Dr Goodrum did exceptionally well in bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 10, 2024, 02:41:39 AM
Lol@ the SEC. Hilarious couple of hours last night. Literally laughed myself to sleep.

Market has shown its hand though. Spot ETF announcement was sell the news and roll into ETH ecosystem. ETH maxis breathing a huge sigh of relief (so am I as Arbitrum is a huge long term play for me)

Short term sell the news people surely got this wrong as ETF inflows don't appear to be priced in. Either way everything still looks good to continue running.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 10, 2024, 02:45:53 AM
Quote from: gib on January 10, 2024, 02:24:36 AM
Lol, well yes there is me. But there must me quite a few others (many they just don't wish to disclose). This thread started when BTC was around USD 4.5K, so we have 10x'd since then.

Price of BTC was around $250 when this thread started (thread title got changed at $5k) so it's more like a x180
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 10, 2024, 02:56:07 AM
Quote from: Mr Anabolic on January 15, 2018, 01:10:53 PM
So let me get this straight... I am a dick because I say blipcoin is a Ponzi bubble mania, with no fundamentals, no intrinsic value whatsoever and had a parabolic rise based on the greater fool principle?

I call things how I see them.  I don't want people here to get their face ripped off buying into the biggest maniacal Ponzi bubble in history. 

Why are you so threatened by me?   

Buy some silver and be patient.  That's free advice.

Mr Anabolic's advice didn't work out too well...

Our resident financial expert elder, attempted to protect GetBigger's from the evils of BTC when it was around the 3K mark to help stop them from "getting their face ripped off" and put them instead into gold and silver, which have of course both performed appallingly compared to BTC since that time. :-*
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 10, 2024, 02:57:23 AM
Quote from: a_pupil on January 10, 2024, 02:41:27 AM
I believe Dr Goodrum did exceptionally well in bitcoin.

He was indeed an early visionary. However, as far as I know, he sold way way early on too. He was a man ahead of his time...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 10, 2024, 02:59:41 AM
Quote from: Flexacon on January 10, 2024, 02:45:53 AM
Price of BTC was around $250 when this thread started (thread title got changed at $5k) so it's more like a x180

True - good point.

PS - I was the original OG who started and actually named this thread " Bitcoins - about to hit $5,000 per coin today!. However, yes there were many prior discussions, and even this thread was merged with an older thread I believe (done by Ron?), which is why you don't see me as the first poster.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 10, 2024, 03:04:12 AM
Really fun reading back at this thread. Fascinating to see all the objections and self-bargaining and doubt and confusion and FUD and denials etc throughout the years. One of my intentions was to capture, for historical analysis, the mindset and mental issues that come from a diverse range of society grappling with a new financial tool for future historians to look back on. I think we have done a great job there.

And Mr Anabolic in particular just provided so much perfect material capturing the zeitgeit and absolute mental anguish of a no-coiner trying to come to terms with BTC. For him, by the way, there will be a special post from me once we breach 100K.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 10, 2024, 03:11:39 AM
Quote from: gib on January 10, 2024, 02:59:41 AM
True - good point.

PS - I was the original OG who started and actually named this thread " Bitcoins - about to hit $5,000 per coin today!. However, yes there were many prior discussions, and even this thread was merged with an older thread I believe (done by Ron?), which is why you don't see me as the first poster.

Yeah a few older threads got merged. This was your original thread post just before $5k.

Quote from: gib on September 01, 2017, 06:34:17 AM
Hope all u guys got some. You will be able to retire and just chill and train if they ever get to 100k per coin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 10, 2024, 04:21:02 AM

Which one of you is dumping Shib and not letting me get my pump on?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 10, 2024, 06:53:28 AM
Quote from: Mayday on January 10, 2024, 04:21:02 AM
Which one of you is dumping Shib and not letting me get my pump on?

Not me buddy. But there is one narrative and concern that shortly after BTC is approved, the SEC and others will finally crack down hard on alts and exchanges who deal in them. Certainly the SEC can say "you have been warned" and they have warned so many times. Post BTC's corporate legitimization, all the powers that be will be massively incentivized to further emphasize the distinction between Bitcoin and "crypto". We will see this at a regulatory level, at an advertising and market education from all the ETF's, and we might just see the exchanges be pulled into voluntary compliance. Remember, many of those in traditional finance do not benefit from crypto. They are about to get BTC as their toy, and so are inherently incented to ensure BTC succeeds, and further to attract any funds in alts into the realm.

Market will also be looking closely at any language around this topic from Gensler (it may be direct, or it maybe subtle requiring a little deduction). Also interesting on ETH, which may just escape the wrath of the SEC, or may not, so we could well see Eth move in 2 totally different directions, depending on the stance taken.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 10, 2024, 02:23:25 PM
SEC approves 11 Bitcoin ETFs!

https://www.reuters.com/technology/bitcoin-etf-hopefuls-still-expect-sec-approval-despite-social-media-hack-2024-01-10/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 10, 2024, 02:27:09 PM
Quote from: Mayday on January 09, 2024, 06:07:41 PM
gib is the only one I think.

Some dude (not aobsidian) came on here back in 2021 and said he had 750k in Doge and I believe from there price doubled and he was holding. Even if he dumped at lows he would still have a couple hundred grand.

I have $100 invested in ‘spastic’.
I remember that guy!

My crypto portfolio touched half a million in the previous bull market. It's in recovery mode now, hopefully soon to breach $300,000. I am just going to HODL this shit - again! But this time I will take profits for sure. I'll pay taxes upfront as soon as it is cashed out, that way I won't have any nasty surprises waiting.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 10, 2024, 02:28:31 PM
Quote from: El Diablo Blanco on January 09, 2024, 02:57:49 PM
Honest question. Who here is a Bitcoin millionaire?
If I recall, Gib had over 50 BTC. Perhaps more. His crypto portfolio has to be at least $2-3 million.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 10, 2024, 02:34:43 PM
Quote from: gib on January 10, 2024, 06:53:28 AM
Market will also be looking closely at any language around this topic from Gensler (it may be direct, or it maybe subtle requiring a little deduction). Also interesting on ETH, which may just escape the wrath of the SEC, or may not, so we could well see Eth move in 2 totally different directions, depending on the stance taken.
I hope so! Ethereum pumped nicely today. ETH FUD has been extreme this year.

I am also impressed with how well BNB did with all the FUD directed at Binance. It's almost 50% back to ATH prices. BNB tokens are also slated to be burned until the supply reaches 100 million. It very well could go beyond $1,000 this time around. The previous ATH was just shy of $700. I bought most of my BNB when it was $8. I really should have paid closer attention to the tokenomics a few years ago. Doge, for example, has a lot of inflation with no end in sight. We'll see what happens once the Doge coin officially lands on the moon.

https://www.thestreet.com/memestocks/crypto/doge-1s-galactic-mission-to-the-moon-will-dogecoin-make-history-too#:~:text=The%20DOGE%2D1%20satellite%20project,date%20of%20January%2012%2C%202024.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 10, 2024, 03:48:32 PM

Market almost peak short positioned. Rotation into ETH I have price top around 3,156.

Baseline revisit I have 28.6k end of Feb.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 10, 2024, 10:08:37 PM
Quote from: obsidian on January 10, 2024, 02:28:31 PM
If I recall, Gib had over 50 BTC. Perhaps more. His crypto portfolio has to be at least $2-3 million.

At 76 BTCs now, so $7,600,000 once BTC hits 100K. :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on January 10, 2024, 10:21:55 PM
How come ETH is rallying like crazy while BTC is completely dying off after the ETF approval? ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on January 10, 2024, 10:25:08 PM
Quote from: gib on January 10, 2024, 10:08:37 PM
At 76 BTCs now, so $7,600,000 once BTC hits 100K. :)

Ever tried to sell smth? What platform are you on, Crypto.com? Good luck... ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 10, 2024, 11:06:56 PM
Quote from: affeman on January 10, 2024, 10:21:55 PM
How come ETH is rallying like crazy while BTC is completely dying off after the ETF approval? ???

ETF is and always was a sell the news event.

Quote from: affeman on January 10, 2024, 10:25:08 PM
Ever tried to sell smth? What platform are you on, Crypto.com? Good luck... ;D

Volume is fine on large exchanges. I sold 500k in 60 seconds no sweat. It isn’t price movement that’s the issue, it’s the spoof orders. Binance is fucking useless for volume, they are corrupt as hell.

So I’d use a larger exchange where I only have to deal with Bots. A buyer might have 2M setup on their bots But a bot might only place 10k orders in 0.2% price levels. If you dumped 500k you’d wipe the orderbook but hit with smaller lots you’ll only clear the one price area. 1s later the Bot replaces that same price with another order ;)

It scares smaller players but moving half a mill I’d pick my timing and then keep whacking market sell orders in 30k-50k-70k lots until I cleared it. Bots always came back for more. No price slip.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 10, 2024, 11:20:05 PM
The bullmarket is back.

Someone placed a $6m buy order on a lowcap meme coin today which had 2.5M in liquidity.

It sent the price up x40 and then it crashed 90%. That $6m instantly became $600k

Was that you affeman?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 10, 2024, 11:58:47 PM
Quote from: affeman on January 10, 2024, 10:21:55 PM
How come ETH is rallying like crazy while BTC is completely dying off after the ETF approval? ???
Some feel that the ETH's spot ETF applications are not priced in. BTC has outpaced ETH in 2023, as it did in the past, between bull runs. When the 2020/2021 bull market ended, ETH initially showed more resilience compared to BTC and other cryptos. But it did not hold and eventually capitulated like all the other projects.

https://cointelegraph.com/news/spot-ethereum-etf-next-for-sec-approval-analysts

Bloomberg ETF analyst Eric Balchunas previously told Cointelegraph he couldn’t see a scenario where spot Bitcoin ETFs are approved but spot Ether ETFs aren’t.

“The Ether spot is tied to the hip of Bitcoin spot for sure. It’s gonna go wherever it goes. It’s basically like on a 15-foot rope following it.”

Meanwhile, digital asset lawyer Joe Carlasare has also tipped for spot Ether ETFs to be approved this year but believes “it will take a bit longer than folks expect.”

“Ethereum spot ETFs will be approved [but] the SEC will try to carefully craft a precedent that permits them to retain some discretion in determining which digital asset ETFs will be permitted to come to market.”

Balchunas said he estimates a 70% chance that spot ETH ETFs will be approved by May — which is the month the SEC must make a final decision for several applications — though he said the timing for launch was less clear.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 11, 2024, 12:00:04 AM
Quote from: Flexacon on January 10, 2024, 11:20:05 PM
The bullmarket is back.

Someone placed a $6m buy order on a lowcap meme coin today which had 2.5M in liquidity.

It sent the price up x40 and then it crashed 90%. That $6m instantly became $600k

Was that you affeman?
That sucks. Degen move for sure.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 11, 2024, 12:31:09 AM
Quote from: obsidian on January 11, 2024, 12:00:04 AM
That sucks. Degen move for sure.

They bought more. $8.8m in total and down $5m now.

Also someone sent Satoshis wallet 26btc, $1m plus basically burned.

Marketing maybe to whip everyone into a bull market frenzy.

It's working  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OlympiaGym on January 11, 2024, 01:52:26 AM
This is really going to help the valuation of my UGL, which I’m using to borrow against to get a mortgage on an AirBB I’m looking to buy. Can’t brew forever.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 11, 2024, 06:42:54 AM
Quote from: affeman on January 10, 2024, 10:21:55 PM
How come ETH is rallying like crazy while BTC is completely dying off after the ETF approval? ???


Give it more than just a few seconds my man. Inflows to BTC will be over the course of years and decades. Not seconds or minutes which is about the attention-span of the nickel and dime alt degens...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 11, 2024, 06:43:28 AM
Quote from: Mayday on January 10, 2024, 03:48:32 PM

Baseline revisit I have 28.6k end of Feb.

Dude... LOL
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 11, 2024, 06:44:19 AM
BTC just blasted through 47,000. We might even see 48,000 passed today...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 11, 2024, 06:52:56 AM
BTC just blasted through 48,000. We might even see 49,000 passed today...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on January 11, 2024, 08:54:14 AM
Quote from: gib on January 11, 2024, 06:52:56 AM
BTC just blasted dropped through 486,000. We might even see 494,000 passed today...

fixed :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 11, 2024, 11:47:38 AM
Quote from: gib on January 11, 2024, 06:43:28 AM
Dude... LOL

:D

Quote from: gib on January 11, 2024, 06:52:56 AM
BTC just blasted through 48,000. We might even see 49,000 passed today...

Pump it gib !

That big wick of smack down at 48k could be a degen leveraged short. Let’s see 52k this weekend!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 11, 2024, 02:08:59 PM
Bitcoin, Alts and even real degen shitcoins mostly tracked SPX today. It's been a long time since it's tracked like this. Might become the new norm thanks to the ETFs.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 12, 2024, 01:26:55 AM
Quote from: obsidian on January 11, 2024, 12:00:04 AM
That sucks. Degen move for sure.

A Dev launched one of these Degen Meme coins. Dumps his holdings on everyone just after launch and makes a cool 500k or so. The coin then gets enough steam to go 100x and the dude missed out on all of it lol 😂

The ICOs now are pretty much rigged. I did one the other week but the price I get is around 14x higher than the Devs and then it launches 20x from their price. In other words Devs can dump at 100x and for me it’s a 7x. This is what I mean when I say everything is already frontrun. You’ll never get the 100x anymore because you need to be a Dev.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on January 12, 2024, 04:16:49 AM
Volatility of peace.  :-\

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on January 12, 2024, 05:00:04 AM
How will the new Bitcoin ETFs affect the Bitcoin market?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 12, 2024, 05:15:51 AM
Quote from: Mayday on January 12, 2024, 01:26:55 AM
A Dev launched one of these Degen Meme coins. Dumps his holdings on everyone just after launch and makes a cool 500k or so. The coin then gets enough steam to go 100x and the dude missed out on all of it lol 😂

The ICOs now are pretty much rigged. I did one the other week but the price I get is around 14x higher than the Devs and then it launches 20x from their price. In other words Devs can dump at 100x and for me it’s a 7x. This is what I mean when I say everything is already frontrun. You’ll never get the 100x anymore because you need to be a Dev.

I think I know the one talking about. I have a decent sized bag of it. Think it could be this cycles shib

Yeah I've set my expectations for multiples a lot lower.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 12, 2024, 05:21:46 AM
Quote from: IroNat on January 12, 2024, 05:00:04 AM
How will the new Bitcoin ETFs affect the Bitcoin market?

Down, then side ways, then up, left, right, down the middle

I'm locked on for 64K as the high for a while. It could go down to 30-40K before going back up to 64K or it could go straight there.

Longer term (years) ETF sends the price a lot higher and makes the price swings less volatile.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 12, 2024, 06:03:37 AM
Quote from: Flexacon on January 12, 2024, 05:21:46 AM
I'm locked on for 64K as the high for a while. It could go down to 30-40K before going back up to 64K or it could go straight there.

Longer term (years) ETF sends the price a lot higher and makes the price swings less volatile.

I think the ETF is a massive development long-term. We will also see some ETF's launch soon in other major financial centers - Watch for Hong Kong soon which will also provide huge long term inflows from China and Asia.

Some of the factors impacting BTC price, other than the funds flowing in over time, I expect will be related to macro-economic data, especially inflation, interest rates, and stimulus and money-printing. And also of course various global incidents and crisis - wars and epidemics, a financial crisis, etc. Wall St really now has an amazing tool as a proxy for these factors, far superior to gold, and far more volatile (in both directions) - which is great provided you understand that the long term trajectory is up, and treat any dips as accumulation opportunities.

As for where I think BTC goes this cycle, I am more bullish that you Flex. I say we get to 120K as a bare minimum on this cycle, and quite possibly well higher. To me, a 300K peak this cycle is certainly feasible. And I say that not just because I own some. :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 12, 2024, 07:06:01 AM
Quote from: gib on January 12, 2024, 06:03:37 AM


As for where I think BTC goes this cycle, I am more bullish that you Flex. I say we get to 120K as a bare minimum on this cycle, and quite possibly well higher. To me, a 300K peak this cycle is certainly feasible. And I say that not just because I own some. :)

The 64k call is my March rates decision and pre halving high. Then things probably go quiet for the summer before then it runs again in parabolically.

So still pretty bullish. Macro could make me more bullish and Trump (he is pro crypto) winning the US election would make me hyper bullish.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: GymnJuice on January 12, 2024, 09:38:56 AM
Quote from: IroNat on January 12, 2024, 05:00:04 AM
How will the new Bitcoin ETFs affect the Bitcoin market?

I'm no bitcoin expert. Stock ETFs hold different stocks that try to track the overall market or a segment of that market, right? What is a bitcoin ETF tracking, just the bitcoin itself?

If it is just tracking the bitcoin itself, then it makes me wonder what is the advantage of holding a bitcoin ETF over regular bitcoin? Is it less likely to get hacked and stolen and you don't have to keep track of a password? Easier to exchange from bitcoin to cash to stocks? If that's the case, then I think the bitcoin ETFs will eventually take the lion's share of the market from the older bitcoin exchanges. That's just my uneducated speculation.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 12, 2024, 10:07:49 AM
Quote from: GymnJuice on January 12, 2024, 09:38:56 AM
I'm no bitcoin expert. Stock ETFs hold different stocks that try to track the overall market or a segment of that market, right? What is a bitcoin ETF tracking, just the bitcoin itself?

If it is just tracking the bitcoin itself, then it makes me wonder what is the advantage of holding a bitcoin ETF over regular bitcoin? Is it less likely to get hacked and stolen and you don't have to keep track of a password? Easier to exchange from bitcoin to cash to stocks? If that's the case, then I think the bitcoin ETFs will eventually take the lion's share of the market from the older bitcoin exchanges. That's just my uneducated speculation.

All the US listed BTC ETFs actually hold Bitcoin directly. So technically they don't track Bitcoin, but yes, their price will of course very closely reflect the underlying price of Bitcoin, and so will track Bitcoin in that sense.

Many advantages in holding via an ETF. For many its easier to trade, less issues with bank KYC questions, confidence in buying via a regulated exchange, statement appears along with all the stocks and bonds, protects against lost keys, trading fees may be lower then some exchanges, and for many large HNWIs and pension funds and companies etc it is a way easier way to have access to BTC.

The downside is you don't actually own Bitcoin. All you own is a right, against a 3rd party who is holding your Bitcoin. That exposes you at all sorts of other risks. NYKNYK
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on January 12, 2024, 10:17:59 AM
I think there is less risk with an ETF.

No risk of losing your password or losing your little thumb drive where you keep your bitcoin.

Or if your thumb drive malfunctions or is stolen.  I've had a few thumb drives crap out over the years.

Maybe you can back up your thumb drive though.  I would think so.

Also being able to trade your ETF easily.

Also you can invest small amounts at a time.

A high risk investment so only invest what you can afford to lose.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 12, 2024, 10:38:50 AM
Quote from: IroNat on January 12, 2024, 10:17:59 AM
I think there is less risk with an ETF.

No risk of losing your password or losing your little thumb drive where you keep your bitcoin.

Or if your thumb drive malfunctions or is stolen.  I've had a few thumb drives crap out over the years.

Maybe you can back up your thumb drive though.  I would think so.

Also being able to trade your ETF easily.

Also you can invest small amounts at a time.

A high risk investment so only invest what you can afford to lose.


It's also nice to be able to put a face to who is taking your $$.  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on January 12, 2024, 10:46:59 AM
Quote from: IroNat on January 12, 2024, 10:17:59 AM
I think there is less risk with an ETF.

No risk of losing your password or losing your little thumb drive where you keep your bitcoin.

Or if your thumb drive malfunctions or is stolen.  I've had a few thumb drives crap out over the years.

Maybe you can back up your thumb drive though.  I would think so.

Also being able to trade your ETF easily.

Also you can invest small amounts at a time.

A high risk investment so only invest what you can afford to lose.

Hopefully, it will be an improvement on fees too.  As of now, you pay high fees to buy, sell, trade, or transfer crypto.  Heck, you look at your crypto balance the wrong way and you may get charged a fee for it.

Hopefully it will simplify reporting your crypto in US tax returns too.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 12, 2024, 10:59:23 AM
Quote from: IroNat on January 12, 2024, 10:17:59 AM


Also you can invest small amounts at a time.



You can do that with bitcoin too. It's amazing how many think you could only buy whole units of BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 12, 2024, 11:15:13 AM
Quote from: SOMEPARTS on January 12, 2024, 10:38:50 AM

It's also nice to be able to put a face to who is taking your $$.  ;D

It's up x3 since your schadenfreude post

Quote from: SOMEPARTS on January 10, 2023, 06:52:21 AM
Coinbase fires 20% and their CEO says dark times are coming.

Y'all keep on hoping.

Saying that manipulation is needed more than smart money is hilarious.


https://www.coinbase.com/blog/a-message-from-ceo-and-co-founder-brian-armstrong-to-coinbase-employees
Quote from: SOMEPARTS on January 10, 2023, 12:19:53 PM
Yeah, here's the thing right - I'm not paying much attention to a completely flawed ponzi.

I prefer to laugh about it, because the bad news keeps piling up around the true believers...a bit of schadenfreude.


You should have listened

Quote from: Flexacon on January 06, 2023, 03:42:58 PM
Some old biddy gave the best explanation of bull market dynamics I've come across. I'm not as confident of a 2023 date as her though.

"Whales (professional traders) act as market makers on "self-regulated" crypto exchanges, and pay no fees to these exchanges and  do not want to trade against each other (which is why such trades are called "toxic flow").

These market makers run ultra-HF algos that can perform trades (like "layering" and "spoofing") that are illegal on ordinary exchanges.

In 2023 the algos will be configured to manage a bitcoin bull run. Why?

Well, how else will they draw retail traders like you and me (who are now very scared) back to trading crypto?

Both market makers and exchanges need retail investors to come back. Exchanges need their fee income (market makers pay no fees), and for market makers it is because when their algos are equally good (i.e. not Alameda's) they have only a 50-50 change of winning a trade.

But retail investors who take risky, leveraged positions are very likely to be wiped out

Quote from: Flexacon on January 11, 2023, 10:11:06 AM
I laugh at people who laugh about it, simply because I was once one them. But trying to understand the dynamics behind a "flawed ponzi" and the psychology around it had me laughing all the way to the bank. Best thing I ever done!

True believers (most have left this thread)  obviously aren't sitting comfortable with the current price, but they are in it for the long haul. They want all the fraudsters who used tradfi rails to enrich themselves through crypto to get washed out. They want all the crap coins gone. Their thesis isn't price based, it's time based, so the bad news isn't gonna change their beliefs.

Others who are more price sensitive are hoping for forced sell offs to drop the floor price. Bad news resulting in forced selling is exactly what they want.

You may soon hear " bad news" that Ripple lost a case against the SEC and that it's over for "crypto" as it will all get regulated and tokens listed as securities. If you decide to post it here just know that true believers (bitcoin maxis) and people waiting for forced selling couldn't be happier.

I'm laughing even harder at you now
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 12, 2024, 11:19:36 AM
ETF launch shows +340M inflows into Fidelity and Blackrock.

……. -940M outflow from Grayscale…..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 12, 2024, 11:24:16 AM
Quote from: Mayday on January 12, 2024, 11:19:36 AM
ETF launch shows +340M inflows into Fidelity and Blackrock.

……. -940M outflow from Grayscale…..

Are you sure that's not photoshopped (looks it)? The bloomberg terminal ones I saw half hour ago had grayscale at -95M

***

Trying to make sense of what I'm seeing right now and there are some GBTC sellers and some whales selling. ETF inflows look good, but it's all being done OTC so it's not pushing the price up.

Once selling slows down and OTC BTC dries up we should start seeing the inflows reflected in price as they will need to buy spot.

Basically it could be that they are keeping the price suppressed to give early ETF buyers a nice entry. Or everything I'm seeing could be based on pure hopium.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OlympiaGym on January 12, 2024, 02:45:05 PM
Looks like BTC is going to $5,000 per coin today.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: f450 on January 12, 2024, 03:03:34 PM
This ETF is the beginning of the end for BITCOIN. The big banks have finally gotten their hands on this decentralized asset and will from now on control it the way they have controlled Gold and Silver. Now you don't have to trade BTC, you can just trade the futures and derivatives.

How Bitcoin maxis dont see this is baffling. Oh well as a trader its great cus now I have volatility and increased liquidity. Sucks for BTC though.

Just Monero left
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 12, 2024, 03:19:13 PM
Quote from: Flexacon on January 12, 2024, 11:24:16 AM
Are you sure that's not photoshopped (looks it)? The bloomberg terminal ones I saw half hour ago had grayscale at -95M

***

Trying to make sense of what I'm seeing right now and there are some GBTC sellers and some whales selling. ETF inflows look good, but it's all being done OTC so it's not pushing the price up.

Once selling slows down and OTC BTC dries up we should start seeing the inflows reflected in price as they will need to buy spot.

Basically it could be that they are keeping the price suppressed to give early ETF buyers a nice entry. Or everything I'm seeing could be based on pure hopium.

Wasn’t shopped, the update was a different font is all and same person did it.

I can’t validate that data but given so many big players were buying at 10k-12k they’re selling at a 4x already so I see no reason to doubt it.

I saw the same shit in the last cycle where the ‘sell the news’ was replaced with ‘but what if it’s buy the news’ yet it never was.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on January 12, 2024, 04:56:55 PM
Quote from: OlympiaGym on January 12, 2024, 02:45:05 PM
Looks like BTC is going to $5,000 per coin today.

 ;D

I'm glad I invested in chinese raws instead. The whole world could go to shit, but gymcels will still need steroids.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 12, 2024, 06:51:31 PM
Quote from: Mayday on January 12, 2024, 03:19:13 PM
Wasn’t shopped, the update was a different font is all and same person did it.

I can’t validate that data but given so many big players were buying at 10k-12k they’re selling at a 4x already so I see no reason to doubt it.

I saw the same shit in the last cycle where the ‘sell the news’ was replaced with ‘but what if it’s buy the news’ yet it never was.

It's fake bro and a bad one at that. Zoom in and you can see it's a cut and paste job.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OlympiaGym on January 12, 2024, 07:30:06 PM
Quote from: a_pupil on January 12, 2024, 04:56:55 PM
;D

I'm glad I invested in chinese raws instead. The whole world could go to shit, but gymcels will still need steroids.

Same. I just order test e but I have 20 compounds on my list. I even charge more for what I label as blends or proviron.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on January 12, 2024, 10:00:23 PM
Quote from: f450 on January 12, 2024, 03:03:34 PM
This ETF is the beginning of the end for BITCOIN. The big banks have finally gotten their hands on this decentralized asset and will from now on control it the way they have controlled Gold and Silver. Now you don't have to trade BTC, you can just trade the futures and derivatives.

How Bitcoin maxis dont see this is baffling. Oh well as a trader its great cus now I have volatility and increased liquidity. Sucks for BTC though.

Just Monero left

I think you're confusing the btc asset with the btc protocol. Now when the Eth spot ETF gets approved then your above statement will be more justified.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 13, 2024, 03:23:04 AM
Quote from: Flexacon on January 12, 2024, 06:51:31 PM
It's fake bro and a bad one at that. Zoom in and you can see it's a cut and paste job.

I had meant the guy had posted both pre and post so I knew he added it in.

Anyhoo, Grayscale is currently -95M outflows so not so bad.


I took a USD65 long on ETH and I’m down 3 bucks after fees. I’m going to use no leverage and somehow trade my way to USD100 for bragging rights.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Kwon on January 13, 2024, 03:33:38 AM
Quote from: Mayday on January 12, 2024, 11:19:36 AM
ETF launch shows +340M inflows into Fidelity and Blackrock.

……. -940M outflow from Grayscale…..

(https://www.getbig.com/boards/index.php?action=dlattach;topic=574601.0;attach=1484839;image)

Looks like a bad shop,
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 13, 2024, 03:49:59 AM
Quote from: Mayday on January 13, 2024, 03:23:04 AM
I had meant the guy had posted both pre and post so I knew he added it in.

Anyhoo, Grayscale is currently -95M outflows so not so bad.


I took a USD65 long on ETH and I’m down 3 bucks after fees. I’m going to use no leverage and somehow trade my way to USD100 for bragging rights.

Grayscale outflows for day 2 are brutal though -484M Don't know what the inflows for the other ETFs are yet.

Grayscale redemptions take 1 business day to process so those selling Friday won't show up in outflows until Tuesday (Monday is a bank holiday)

Things could get worse before they get better. Day 2 inflows from the other ETFs will give us a better picture of who is really selling. ETF bros or retail on exchanges.

***

ETFs are net bringing in new money. The selling must be coming from somewhere else

(https://pbs.twimg.com/media/GDuLtOLXsAE_zHe?format=png&name=medium)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 13, 2024, 08:08:13 AM
Interesting discussion here you guys are having.

In the short term we obviously see outflow from GBTC and inflows to the ETFs, and some volatility and dislocation in the process. Some sellers of GBTC are not immediately moving over into another ETF, and ETF funds will take time for the funds to come in. In the short term, we might therefore see price impact as GBTC unloads due to outflows. But all this will settle. The big picture is this is super positive, with the opportunities for fund inflows massively opened and diversified. BTC is limited in supply. Demand and inflows are poised to massively increase. And with a scarce asset that means increase in price. And that won't be immediate - it will start to happen over the next months and years and decades. We will look back at this very moment as an absolute opportunity of a lifetime in hindsight, and any little blip from 46K to 43K etc will be a rounding error on a graph zoomed out.

Massive opportunity to acquire. For anyone who is only a partial-coiner (or a no-coiner) use this time to become a whole coiner. If you are higher up on the BTC food chain, use this opportunity to move on up.

I started as a shrimp and over time evolved into a fish. Don't think I will get to Dolphin, but may just use this window of opportunity to become a slightly larger Dolphin. :)

Shrimp: less than 1 BTC
Crab: 1 to 10 BTC
Octopus: 10 to 50 BTC
Fish: 50 to 100 BTC
Dolphin: 100 to 500 BTC
Shark: 500 to 1000 BTC
Whale: >1000 BTC
Humpback: >5000 BTC

I will also say, FUCK VANGUARD GROUP. VANGUARD INVESTMENT MANAGEMENT SUX.

For those not aware, Vanguard are not allowing their customers to the Bitcoin ETFs (yet they do allow them to buy MSTR). Probably they are sour that they didn't get their own BTC ETF, and are trying to retain funds. But this will go down as a lousy management decision as clients will leave and boycott them due to their selfish and greedy stance on this. The irony is that the desire to have just 1-5% in assets in BTC, will lead people to move to new brokers and funds just for this purpose. And once lost, a customer is very hard to win back.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 13, 2024, 08:44:49 AM
Also, bear in mind, Greyscale could very easily bring its management fee right down if it wanted to, even below that of Blackrock and still be more profitable than Blackrock given its hodling. So its really a calculated decision - how much will leave their fund, and when redemptions will slow etc. But at some point, they could literally within a day, move to match Blackrock, stopping all the selling, and probably leading to inflows. I am sure they have modeled this all out and are ready to move depending on the data.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 13, 2024, 12:11:34 PM
Quote from: gib on January 13, 2024, 08:44:49 AM
Also, bear in mind, Greyscale could very easily bring its management fee right down if it wanted to, even below that of Blackrock and still be more profitable than Blackrock given its hodling. So its really a calculated decision - how much will leave their fund, and when redemptions will slow etc. But at some point, they could literally within a day, move to match Blackrock, stopping all the selling, and probably leading to inflows. I am sure they have modeled this all out and are ready to move depending on the data.

Barry got done for accounting irregularity and got into shit. He was being a naughty boy. The crypto Degen ran crazy deep my friend, we all were lied to. But never fear, I am here to light the tunnel with my own torch rather than rely on someone else’s 😀

The Grayscale dump is the people who bought at 10k-12k getting out for a 4x. Smart enough to buy at the bottom, smart enough to sell at a peak. Fees wouldn’t come into it at a gain like that.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on January 13, 2024, 01:58:39 PM
Quote from: OlympiaGym on January 12, 2024, 07:30:06 PM
Same. I just order test e but I have 20 compounds on my list. I even charge more for what I label as blends or proviron.

lmao
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 14, 2024, 07:42:08 AM
Quote from: gib on January 13, 2024, 08:08:13 AM
I will also say, FUCK VANGUARD GROUP. VANGUARD INVESTMENT MANAGEMENT SUX.

For those not aware, Vanguard are not allowing their customers to the Bitcoin ETFs (yet they do allow them to buy MSTR). Probably they are sour that they didn't get their own BTC ETF, and are trying to retain funds. But this will go down as a lousy management decision as clients will leave and boycott them due to their selfish and greedy stance on this. The irony is that the desire to have just 1-5% in assets in BTC, will lead people to move to new brokers and funds just for this purpose. And once lost, a customer is very hard to win back.

You can be pretty sure this is all political as they also had no issues allowing BTC futures ETF in the past (the are banning them now) but a change of political regime (Trump) and pressure from customers because of how well BTC does post halving will cause them to change their stance.

So this actually a good thing for someone like me who is looking to trade the cycles. It just means there will still be more sidelined capital which enter towards the end of the cycle to pump the price or help enable another cycle.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 16, 2024, 02:11:50 PM
Grayscale just loaded 9,000 BTC to sell.

I know people thought the ETF launch was the Holy Grail but that’s a price of 48k….. The ETF then Launches……Hundreds of million pour in…….Price drops to 41k……. Grayscale then organise to dump 0.4B…..

To top it off we now have hundreds of millions in an ETF which can be shorted :D

Yet nobody believes me about price suppression.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 16, 2024, 03:03:37 PM
Quote from: Mayday on January 16, 2024, 02:11:50 PM
Grayscale just loaded 9,000 BTC to sell.

I know people thought it was the Holy Grail but that’s a price of 48k….. The ETF then Launches……Hundreds of million pour in…….Price drops to 41k……. Grayscale then organise to dump 0.4B…..

To top it off we now have hundreds of millions in an ETF which can be shorted :D

Yet nobody believes me about price suppression.

Price in the short term is irrelevant. What matters is volume  That was the main concern monied people had about BTC. Was the volume on exchanges real or faked? (see below) Volume will inevitably equal price increase.

As for shorting any institution or fund doing it with size must hate money as they'd get blown up to smithereens by steady buy pressure and/or bitcoin whales. Macro and black swan type event shorting would obviously be different.

ETFs will not bring price suppression, they'll bring a suppression to volatile price swings. If I didn't  think I could finesse Alts for a few more years I'd go full maxi, hold and never sell.

Quote from a senior bloomberg ETF analyst about the btc etf volumes

"Let me put into context how insane $10b in volume is in first 3 days. There were 500 ETFs launched in 2023. Today, they did a COMBINDED $450m in volume. The best one did $45m. And many have had months to get going. $IBIT alone is seeing more activity than the entire '23 Freshman Class"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 16, 2024, 03:56:29 PM
It matters because the words  ‘short term’ is a forever moving range based on the current day looking forward.At some point the ‘short term’ occurs during a milestone moment where the outcome is incredibly meaningful.

Like at tops for example. Where ‘short term’ doesn’t matter as it dips but what if it keeps dipping? Well the ‘short term’ would be incredibly important wouldn’t It as it would have pointed out a change in behaviour.

The ETF is a milestone event building for over a decade and the outcome was the new overlords sent it down. I’m Not saying we won’t go up higher after this but I’m saying if the new overlords send this from 48k down to low 30s that suggests to me they won’t allow it to go all that much higher because they want to send it lower.

Besides, Can you imagine the carnage if they let BTC get to 500k and then banned self custody and Tether? Horrific!

Anyhoo, what is the price target you are looking for? Clearly I am the lowest and most bearish in here by a mile lol. I’ll be wrong so it’ll be higher than I say so if everyone looks good at my price target then that’s awesome 👏


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 16, 2024, 05:31:44 PM
Short term with an ETF doesn't matter because it's not a one off event that impacts the price and then it fades away into irrelevance. ETFs and the volume they'll bring lead to sustained buy pressure that is impactful for years. It's a stairs up only situation rather than an elevator up snd stairs down.

Don't think Blackrock and co are in control of the price yet, could take years but they'll probably get there eventually. I think their main goal though will be to control narrative.

I'm at 64K/65k within the next few months even if we go down into the 30s first.

As far as GBTC. The sellers today could be out of crypto forever or ibit buyers tomorrows. No one really knows. I do know some bito traders are wrapping up their crypto 2023 funds and are pushing their investors to go even bigger in 2024. They are salivating at the spot and leveraged ETFs.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 16, 2024, 10:16:08 PM
Quote from: Mayday on January 16, 2024, 02:11:50 PM
Grayscale just loaded 9,000 BTC to sell.

I know people thought the ETF launch was the Holy Grail but that’s a price of 48k….. The ETF then Launches……Hundreds of million pour in…….Price drops to 41k……. Grayscale then organise to dump 0.4B…..

To top it off we now have hundreds of millions in an ETF which can be shorted :D

Yet nobody believes me about price suppression.

Much of the GS redemptions is money that was locked up for a long time with some investors taking the chance to cash out. Others don't want to pay 1.5% management fee and so are moving to other funds.

You need to look not just at outflows from GS, but also the inflows in the other direction into other funds and also into BTC directly. Make no doubt about it - the ETF is a MASSIVE development for Bitcoin. The reshuffeling between GS to other funds will soon settle. And then we just have steady HODL inflows, provide super solid support level for constant upwards momentum.

ETF's can also be leveraged long, not just shorted, but either way, shorts/longs are just noise along the overall upward trend which will continue either way.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 17, 2024, 02:12:20 AM

I appreciate the responses.

Apologies if my recent energetic posts appear rude, my poor communication skills at work.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Quilzechews on January 17, 2024, 12:43:01 PM
Quote from: Mayday on January 17, 2024, 02:12:20 AM
I appreciate the responses.

Apologies if my recent energetic posts appear rude, my poor communication skills at work.

All Australians are assholes, we understand,  no need to explain your self
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on January 17, 2024, 02:29:04 PM
Quote from: Quilzechews on January 17, 2024, 12:43:01 PM
All Australians are assholes, we understand,  no need to explain your self

Lol, Mayday  is not an asshole, just a high functioning autistit with slight adhd, that's why he works in quant analysis.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 17, 2024, 04:30:25 PM
(https://pbs.twimg.com/media/GEFEboPXwAA3XfF?format=jpg&name=medium)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: GymnJuice on January 18, 2024, 04:46:16 AM
Any thoughts on which ETF is best? IBIT looks to have low fees and good volume.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 18, 2024, 08:50:46 AM
Quote from: GymnJuice on January 18, 2024, 04:46:16 AM
Any thoughts on which ETF is best? IBIT looks to have low fees and good volume.

I would probably go with IBIT (indeed I already have).

I think Bitwise is also one I would support. Philosophically they are Bitcoin OG's from the outset, and they are committed to the long term. And whilst not a fan of ARK, I think the ARK BTC ETF is also good. So your top 4 really are Blackrock, Fidelity, Ark, and Bitwise.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 18, 2024, 08:52:24 AM
Quote from: Mayday on January 17, 2024, 02:12:20 AM
I appreciate the responses.

Apologies if my recent energetic posts appear rude, my poor communication skills at work.

All good MayDay, and as for the comments about Australians, some of my best friends are Ozzies. They are great people once you get to know them and Oz is a great place to visit!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: f450 on January 18, 2024, 03:12:19 PM
The big boys are going to short BTC into the grave. Look at Gold, look at Silver. The prices have been heavily suppressed for decades. Same thing will happen to BTC and they will drive retail out. It will just become another commodity. The decentralization and the circumvention of the corrupt monetary system.... what BTC was designed to do..... have been destroyed in one fell swoop. I for one am impressed. They will now be trading paper BTC like paper silver and the price will be whatever Blackrock wants the price to be.

Those of us that trade the markets know that price discovery and reality can be and are often wildly divergent. And the movements are controlled by the big money. Now with futures trading made legal in the USA ... wow... lots of money to be made from the controlled "volatility".

I'm long MONERO ... its the only one left that does what BTC was designed to do and when people start realizing that, the value will explode.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 19, 2024, 09:57:03 PM
US govt likely holds millions of confiscated BTC. I never hear any talk of this.


"...the revelation in late 2013 that Bitcoin was, in fact, the opposite of untraceable—that its blockchain would actually allow researchers, tech companies, and law enforcement to trace and identify users with even more transparency than the existing financial system."


https://www.wired.com/story/27-year-old-codebreaker-busted-myth-bitcoins-anonymity/?utm_source=pocket-newtab-en-us
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 19, 2024, 10:03:35 PM
Quote from: f450 on January 18, 2024, 03:12:19 PM
The big boys are going to short BTC into the grave. Look at Gold, look at Silver. The prices have been heavily suppressed for decades. Same thing will happen to BTC and they will drive retail out. It will just become another commodity. The decentralization and the circumvention of the corrupt monetary system.... what BTC was designed to do..... have been destroyed in one fell swoop. I for one am impressed. They will now be trading paper BTC like paper silver and the price will be whatever Blackrock wants the price to be.

Those of us that trade the markets know that price discovery and reality can be and are often wildly divergent. And the movements are controlled by the big money. Now with futures trading made legal in the USA ... wow... lots of money to be made from the controlled "volatility".

I'm long MONERO ... its the only one left that does what BTC was designed to do and when people start realizing that, the value will explode.


Can it be blocked at the ISP level? If so - also worthless if it gets big enough to get a target on its back.

Everything digitally financial is derivative of actual value that benefits those at the top who have more control and access than the average person.

In other words, same old shit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on January 20, 2024, 04:19:21 AM
Fellas, again, ignore the charlatans. Whoever thinks Blackrock or Fidelity are going to introduce a derivative product and then drive the price of the underlying asset into the ground really needs their heads checked:

(https://pbs.twimg.com/media/Die4RZ8X0AYKH3e.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 20, 2024, 09:04:43 AM
Quote from: Slapper on January 20, 2024, 04:19:21 AM
Fellas, again, ignore the charlatans. Whoever thinks Blackrock or Fidelity are going to introduce a derivative product and then drive the price of the underlying asset into the ground really needs their heads checked:

(https://pbs.twimg.com/media/Die4RZ8X0AYKH3e.jpg)

Fully agree! It amazes me always the idiots out there with conspiracy theories in situations where what is about to happen is blatantly obvious. Once in a lifetime opportunity here, and yet people are still not piling in. These are the same people who will pile in post 100K lol!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 20, 2024, 09:17:55 AM
Quote from: SOMEPARTS on January 19, 2024, 10:03:35 PM

Can it be blocked at the ISP level? If so - also worthless if it gets big enough to get a target on its back.

Everything digitally financial is derivative of actual value that benefits those at the top who have more control and access than the average person.

In other words, same old shit.

You should worry far more about not having Bitcoin, than about theoretical attacks...

https://btc-hijack.ethz.ch/#

As for Bitcoin, its decentralization is its biggest strength. This stems from its origins of being created from the bottom up, as opposed to the top down. And has been discussed many times before, there is far more incentive for any actor to support Bitcoin than to devote immense money and resources at attempting to impair it. So, if this is your concern, at the current size of the network, Bitcoin is your single safest and most egalitarian global store of wealth.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 20, 2024, 09:28:00 AM
Quote from: SOMEPARTS on January 19, 2024, 09:57:03 PM
US govt likely holds millions of confiscated BTC. I never hear any talk of this.


Many Governments own Bitcoin, and many more will try to acquire Sats over time, whether through buying, exchanging, taxing, confiscating, etc, for many obvious reasons (and maybe some not so obvious).

As for how much BTC the US Govt holds, most estimates put it at around 200K Bitcoins. (Not "millions" as you suggest, although at 200K, that is around USD 8 Billion in current value).

As for why you "never hear any talk of this", which I suggest is that rather than conjuring up conspiracy theories, what you should focus your listening skills on is when people talk about how much debt the US has, and how quickly the USD will be devalued over time...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 20, 2024, 09:36:03 AM
Quote from: SOMEPARTS on January 19, 2024, 09:57:03 PM

"...the revelation in late 2013 that Bitcoin was, in fact, the opposite of untraceable—that its blockchain would actually allow researchers, tech companies, and law enforcement to trace and identify users with even more transparency than the existing financial system."

https://www.wired.com/story/27-year-old-codebreaker-busted-myth-bitcoins-anonymity/?utm_source=pocket-newtab-en-us

This is correct, although it is not a "revelation". This code is open source and this was known from day #1. Indeed, every single transaction on the block chain will forever be recorded.

I have explained many times to you, and to others on this thread that Bitcoin transactions are pseudonymous. This means that whist the transactions are not hidden, the person behind the transaction can be. If this is all too confusing for you, then simply rest assured that there are numerous L2 protocols you can use to completely disguise your identity of a BTC transaction, if that is your concern.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 20, 2024, 09:48:16 AM
Quote from: f450 on January 18, 2024, 03:12:19 PM
The big boys are going to short BTC into the grave. Look at Gold, look at Silver. The prices have been heavily suppressed for decades. Same thing will happen to BTC and they will drive retail out. It will just become another commodity. The decentralization and the circumvention of the corrupt monetary system.... what BTC was designed to do..... have been destroyed in one fell swoop. I for one am impressed. They will now be trading paper BTC like paper silver and the price will be whatever Blackrock wants the price to be.

Those of us that trade the markets know that price discovery and reality can be and are often wildly divergent. And the movements are controlled by the big money. Now with futures trading made legal in the USA ... wow... lots of money to be made from the controlled "volatility".

I'm long MONERO ... its the only one left that does what BTC was designed to do and when people start realizing that, the value will explode.

Wrong on numerous levels.

The Big Boys are pretty much going to HODL. If you understand the ETF structure, you would know why.

And as for the Big Boys who are not ETF managers, they will also very much be buying for the long term.

Again, look at where the incentives are.

Also, you are confused with your concerns of "paper Bitcoin". First, all the ETFs (at least in the US), will be backed 1:1 by BTC (and this will be independently audited). Second, (as we saw from the downfall of numerous BTC scams), everything is always ultimately kept pure at the base layer. Any kind of derivative scam gets discovered, called, and washed out.

What the Big Boys do is bring both legitimacy and massive fund inflows into this asset. And that means massive price increases ahead.

As for Monero, I would not write it off, but as I explained, if anonymity is your goal, there are plenty of ways to do this with BTC. And indeed BTC is much much better for this, as there is a far more liquid and legitimate demand for this asset, whereas Monero is like raising a red flag to illegitimate funds. In the finance, game, you need to think at least 1 steps ahead, and in the crypto game ideally 2.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 20, 2024, 10:50:25 AM
And to the posts about who still argue that BTC should not be held as an investment because it has no calculatable intrinsic value, whereas gold as "real value" allow me to explain, (again...)

Bitcoin has no intrinsic value as such, but its value is derived because it’s so difficult to take away.
There are three ways our money can be confiscated:

1. Through monetary inflation, which confiscates the real value of our wealth by stealth.
2. Through the failure of banks and other financial institutions that have custody of our wealth.
3. Through the outright expropriation of our wealth as, (for example, as was suffered by European Jews in the 1930s or in the US when they confiscated gold).

Bitcoin cannot be confiscated by any of these methods. This is one of many reasons why it is superior even to gold, which is immune to inflation and bank runs but can be physically stolen (as Jews and gypsies found out during Nazi Germany and as Americans found out at one point in time when owning gold as a store of value was made illegal, and seized at boarders as many Russian's and Chinese found out when trying leave Russia and China recently.

There are theoretical ways someone could steal your Bitcoin, such as capturing you and then torturing you holding until you surrendered the keys for your digital wallet, but this would be hard work for a government to do on any scale, and in any case there are methods you can do to literally make it impossible for you to be able to provide the keys under duress.

Gold does have uses in industry, but as it no longer backs currencies, the most of its value has come from its role as a hard to seize defense against devaluation from money printing. We can see that during times of inflation (basically a means of effective confiscation of value) became a real risk, the gold price really took off.

Assuming a price of about $500 per ounce, if there were no liquid market and central banks didn’t hold it, gold’s monetary value ($2,000 per ounce) would exceed its intrinsic value for industrial use by four times. Favoring gold over Bitcoin because of its lack of intrinsic value is therefore a mistake because it only factors in 25% of the investment. The rest of gold’s value comes from its network.

The market for non-confiscatability assets is currently worth around $15 trillion and it will continue to grow. Bitcoin will displace gold for this function, because among its many superior qualities, it is harder to confiscate, and this will lead to an increasing and self-fulfilling adoption cycle, which is what we have seen play out ever since BTC's inception.

Now that I have dealt with you all, I still just need to get back to MayDay on the (mis)understanding that money printing leads to growth GDP. I will do that a little later, but am now going to chill for a bit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: GymnJuice on January 20, 2024, 11:16:47 AM
Quote from: gib on January 20, 2024, 10:50:25 AM
Bitcoin has no intrinsic value as such, but its value is derived because it’s so difficult to take away.
There are three ways our money can be confiscated:

1. Through monetary inflation, which confiscates the real value of our wealth by stealth.
2. Through the failure of banks and other financial institutions that have custody of our wealth.
3. Through the outright expropriation of our wealth as, (for example, as was suffered by European Jews in the 1930s or in the US when they confiscated gold).

I know this isn't what you were getting at. But the bitcoin ETF won't help with 2 or 3. Only owning the actual bitcoin. So, the brokerage could fail, or the government could confiscate the ETF funds. I assume the ETF owned through the brokerage would still be SIPC insured through the brokerage.

Owning regular bitcoin through an exchange like Coinbase could also pose issues as well. The exchange could get hacked like FTX, Mt Gox etc. And this is not FDIC (or SIPC) insured so you lose your money with no recourse.

Is this correct thinking?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 20, 2024, 11:47:10 AM
All that writing Gib, and yet BTC is a dream for those already in control. There is nothing more centralized that a single ledger.

This thing is a lightning rod so that legitimate options don't crop up. Maybe it didn't start that way, but it has been co-opted as needed. Another asset class/relief valve in a sea of derivatives and musical chairs that is the shell game of "money".

I'm from the early days of BTC where this was supposed to be the people's money...uncorruptible, untraceable, uniflatable, outside the banks and wall st, etc.

Look at it now. Bleh

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 20, 2024, 05:28:42 PM
Quote from: gib on January 20, 2024, 10:50:25 AM

Now that I have dealt with you all, I still just need to get back to MayDay on the (mis)understanding that money printing leads to growth GDP. I will do that a little later, but am now going to chill for a bit.

Great informative posts gib 👍

My thoughts on money almost nobody agrees with. It’s fine, I am used to being the dumbest in the room.

The guy who makes my coffees tells me all about global economics and says I am massively wrong aswell. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 21, 2024, 05:54:40 AM
Quote from: Mayday on January 20, 2024, 05:28:42 PM
Great informative posts gib 👍

My thoughts on money almost nobody agrees with. It’s fine, I am used to being the dumbest in the room.

The guy who makes my coffees tells me all about global economics and says I am massively wrong aswell.

Your second wave of inflation call is looking more and more plausible, but I would remind you my call for a new SPX all time high played out almost exactly how I called it back in October 8)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 21, 2024, 05:34:14 PM
Quote from: Flexacon on January 21, 2024, 05:54:40 AM
Your second wave of inflation call is looking more and more plausible, but I would remind you my call for a new SPX all time high played out almost exactly how I called it back in October 8)

I closed 80% of my stock positions in Jan +34% for 9mths. S&P still open but I’ll close it this week.

No rate cut in March nor the months immediately following will cause the S&P to selloff.

In my 2020 strategy I had 3 inflationary waves. My strategy ends in the 2032-2034 window. 2nd upswing latest Mar 2025 which means an event happens prior to this date. Next Recession window remains in 2027.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 22, 2024, 08:40:57 AM
Quote from: Mayday on January 21, 2024, 05:34:14 PM
I closed 80% of my stock positions in Jan +34% for 9mths. S&P still open but I’ll close it this week.

No rate cut in March nor the months immediately following will cause the S&P to selloff.

In my 2020 strategy I had 3 inflationary waves. My strategy ends in the 2032-2034 window. 2nd upswing latest Mar 2025 which means an event happens prior to this date. Next Recession window remains in 2027.

I'm expecting this year to be very choppy so mostly sitting it out. If we see a second inflationary wave then I think that will be it, basically not a repeat of 70's with 3 waves. Remember if inflation was measured the same way as in the 70's then the recent wave would have easily reached double figure percentages, so it's already very different from the 70s.

Anyway ETFs flows are still looking good for BTC. There was some evidence that the GBTC selling was FTX liquidating its $1.1b in GBTC holdings. Big if true

(https://pbs.twimg.com/media/GEdUi2iX0AACRqn?format=png&name=medium)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on January 22, 2024, 08:52:06 AM
This is one of the best threads on this site - the guys in here really know what they are talking about.  If I ever decide to stop fucking around casually with this stuff, I could make real $.

But since I'm still casual:

I bought 1.3 ETH for $900.

Should I dump it now?  I'm just basing this on stuff I've read here where it's been said BTC will drop again before it goes back up.  I'm guessing ETH will follow suit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on January 22, 2024, 09:07:14 AM
I thought the value of BTC was supposed to skyrocket if the ETFs were approved.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on January 22, 2024, 09:11:58 AM
Quote from: Grape Ape on January 22, 2024, 08:52:06 AM
This is one of the best threads on this site - the guys in here really know what they are talking about.


Thanks, I appreciate that.  8)

Stock market melt up continues today. Clown world.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 22, 2024, 09:30:34 AM
Quote from: Grape Ape on January 22, 2024, 08:52:06 AM
This is one of the best threads on this site - the guys in here really know what they are talking about.  If I ever decide to stop fucking around casually with this stuff, I could make real $.

But since I'm still casual:

I bought 1.3 ETH for $900.

Should I dump it now?  I'm just basing this on stuff I've read here where it's been said BTC will drop again before it goes back up.  I'm guessing ETH will follow suit.

Numbers aren't adding up right now so no one really knows what's going on and if they do it's in their best interest not to tell anyone.

So basically do nothing. If you have a good entry (like you do) just ride it out. If you're waiting to buy then just wait until things settle down.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on January 22, 2024, 09:38:47 AM
Quote from: Flexacon on January 22, 2024, 09:30:34 AM
Numbers aren't adding up right now so no one really knows what's going and if they do it's in their best interest not to tell anyone.

So basically do nothing. If you have a good entry (like you do) just ride it out. If you're waiting to buy then just until things settle down.

Thanks.

No I was just being greedy = figuring I'd dump and then rebuy.

Basically playing stupid and thinking I can time the market lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: GymnJuice on January 22, 2024, 03:24:23 PM
Quote from: loco on January 22, 2024, 09:07:14 AM
I thought the value of BTC was supposed to skyrocket if the ETFs were approved.

My guess is that will be more of a long term phenomenon. I think the average investor has their stocks and mutual funds in their retirement accounts and they may not make short term trades. I put some money in bitcoin once they approved the ETFs. Bitcoin is down since then so the ETF is as well, but it has only been 10 days or so. If I'm still down after a year or two then I was wrong. But I think more people will get into bitcoin now that they have a way to do so through their usual brokerage.   
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on January 22, 2024, 05:10:33 PM
Quote from: GymnJuice on January 22, 2024, 03:24:23 PM
My guess is that will be more of a long term phenomenon. I think the average investor has their stocks and mutual funds in their retirement accounts and they may not make short term trades. I put some money in bitcoin once they approved the ETFs. Bitcoin is down since then so the ETF is as well, but it has only been 10 days or so. If I'm still down after a year or two then I was wrong. But I think more people will get into bitcoin now that they have a way to do so through their usual brokerage.

Here is only one example of what I kept hearing and reading from experts:


With ETF Approval Odds At 90%, Major Bank Says Bitcoin Price Hits $100,000 in 2024

NOV 29, 2023

"A leading analyst with Bloomberg has confirmed that there is still a 90% likelihood that at least one highly-anticipated spot bitcoin exchange-traded fund (ETF) product is approved for the U.S. by January 10, 2024.

And as investor enthusiasm around such a product continues to build, British multinational bank Standard Chartered has doubled down on its prediction that the bitcoin price will reach $100,000 on its heels."

https://www.thestreet.com/crypto/markets/etf-approval-odds-at-90-percent-bank-says-bitcoin-price-hits-100000-in-2024
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 22, 2024, 06:15:57 PM
Quote from: loco on January 22, 2024, 05:10:33 PM
Here is only one example of what I kept hearing and reading from experts:


With ETF Approval Odds At 90%, Major Bank Says Bitcoin Price Hits $100,000 in 2024

NOV 29, 2023

"A leading analyst with Bloomberg has confirmed that there is still a 90% likelihood that at least one highly-anticipated spot bitcoin exchange-traded fund (ETF) product is approved for the U.S. by January 10, 2024.

And as investor enthusiasm around such a product continues to build, British multinational bank Standard Chartered has doubled down on its prediction that the bitcoin price will reach $100,000 on its heels."

https://www.thestreet.com/crypto/markets/etf-approval-odds-at-90-percent-bank-says-bitcoin-price-hits-100000-in-2024

You are quoting an article that's quoting an article about a price prediction a so called expert made. Maybe that confused you or maybe your reading comprehension isn't up to to it, but this is the key quote.

“Things are going as expected, according to Standard Chartered Bank, reiterating its April forecast that bitcoin would reach $100,000 by the end of 2024,”

It's January right now. HTH
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on January 22, 2024, 07:19:38 PM
Quote from: Flexacon on January 22, 2024, 06:15:57 PM
You are quoting an article that's quoting an article about a price prediction a so called expert made. Maybe that confused you or maybe your reading comprehension isn't up to to it, but this is the key quote.

“Things are going as expected, according to Standard Chartered Bank, reiterating its April forecast that bitcoin would reach $100,000 by the end of 2024,”

It's January right now. HTH

Fair enough!  That’s an article someone sent me back in November, and I should have read the entire thing before posting it here as an example, bad example.

What I kept hearing is that as soon as ETFs were approved, people would rush to buy BTC anticipating its value to go up, which in itself would drive up its value.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 23, 2024, 04:27:00 AM
Quote from: loco on January 22, 2024, 07:19:38 PM
Fair enough!  That’s an article someone sent me back in November, and I should have read the entire thing before posting it here as an example, bad example.

What I kept hearing is that as soon as ETFs were approved, people would rush to buy BTC anticipating its value to go up, which in itself would drive up its value.

You were right, that is exactly what mainstream said.

My outline of Saylor and Barry will come back to haunt people.

I warned about price suppression when the ETF went live. Grayscale has dumped 90,000 coins so all those incoming ETF funds got a free ride.

We were at 48k. ETF launched. Now at 38k. Bullish price suppression.

Saylor total legend dumping on shareholders is pretty funny.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on January 23, 2024, 05:00:23 AM
Quote from: Mayday on January 23, 2024, 04:27:00 AM
You were right, that is exactly what mainstream said.

My outline of Saylor and Barry will come back to haunt people.

I warned about price suppression when the ETF went live. Grayscale has dumped 90,000 coins so all those incoming ETF funds got a free ride.

We were at 48k. ETF launched. Now at 38k. Bullish price suppression.

Saylor total legend dumping on shareholders is pretty funny.

Interesting.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 23, 2024, 11:25:37 AM
Quote from: loco on January 22, 2024, 07:19:38 PM
Fair enough!  That’s an article someone sent me back in November, and I should have read the entire thing before posting it here as an example, bad example.

What I kept hearing is that as soon as ETFs were approved, people would rush to buy BTC anticipating its value to go up, which in itself would drive up its value.

The ETF filings/approval was a narrative. It was either gonna set up a bull run or it wasn't. No one really knows when ETF inflows will actually start sending BTC price up. It could happen tomorrow or a year from now. Again no one really knows, but the way the ETFs have been set up it's something that will eventually  happen and it's not something that can be priced in.

The next narrative (mentioned in the article) will be ol' reliable and that's the halving in April. Typically BTC price might spike before then and some might say it's finally because of ETFs. Again no one really knows so be dubious about any such claims. The $100K price mentioned still fits the price trends with prior halving cycles, so even if BTC gets to that figure it might have had very little to do with the ETFs.

ETFs are still however very bullish for BTC, but only for the very long term holder as in someone who is holding for years if not a decades. Anyone else is gonna get chewed up and spat out by the price action.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: GymnJuice on January 23, 2024, 05:39:55 PM
Quote
The crypto asset manager that forced U.S. regulators’ hand in approving bitcoin exchange-traded funds has lost billions from their launch.

Investors cashed out $2.8 billion from the Grayscale Bitcoin Trust after it converted into an ETF on Jan. 11, according to Bloomberg Intelligence data through Friday.

In contrast, nine newly launched spot-bitcoin ETFs have drawn about $4 billion in inflows within their first six trading days, with funds from BlackRock and Fidelity Investments each attracting more than $1 billion in inflows.

The Securities and Exchange Commission approved the launch of spot bitcoin ETFs earlier this month after repeatedly rejecting applications for such funds on the basis that the underlying market was susceptible to fraud. When approving the bitcoin ETFs, SEC Chair Gary Gensler said a court ruling last year in favor of Grayscale had compelled the change.

For years, the Grayscale Bitcoin Trust, known by its ticker symbol GBTC, was one of the few options for individual investors to get exposure to bitcoin without having to purchase the cryptocurrency directly. But GBTC wasn’t an ETF, and investors couldn’t easily redeem shares for the underlying bitcoin. The fund’s shares would trade at a premium or a discount to the underlying value of the bitcoin it held. Since early 2021, the fund had traded at an increasingly steep discount to the underlying bitcoin it held, peaking at nearly 50% in December 2022.

Grayscale sued the SEC in 2022 after the agency rejected its previous bid to turn its bitcoin trust into an ETF. The fund’s discount has narrowed to near zero after it transformed into an ETF.

Investors taking profits on GBTC’s price gain and moving to lower-fee competitors have helped drag crypto markets lower, according to analysts at JPMorgan.

Crypto investors had hoped that the new bitcoin ETFs would unlock a gush of money from individual investors into bitcoin, boosting the price of the digital currency. But since the SEC approval, the price of bitcoin has fallen over 10%. The largest cryptocurrency traded at $39,852 Monday afternoon, down from $46,000 on Jan. 10 when the funds were approved.

An intense fee war among asset managers had broken out even before the funds’ launch. While Grayscale slashed the fee on its bitcoin trust to 1.5% from 2%, rivals including BlackRock and Fidelity offered promotional rates as low as zero for the first several months.

Michael Sonnenshein, Grayscale’s chief executive, said the fund’s 1.5% fee is warranted given its “liquidity, tight spreads, and a decadelong track record.”

George Bodine, a 67-year-old retired airline captain in Covington, Ky., said he would sell his GBTC shares soon and reinvest the proceeds in similar funds offered by BlackRock, Fidelity and VanEck. An investor in Grayscale’s fund since 2020, Bodine said GBTC’s 1.5% management fee makes it an outlier among competitors and “a grievous mistake.”

One reason for some investors to hold on to GBTC despite the high fee might be taxes. Investors who own GBTC in taxable accounts and are considering switching to a cheaper ETF could get hit with big capital-gains tax bills. This is especially true for those who bought the fund while it was trading at a big discount and are now sitting on huge gains.
Bankrupt crypto exchange FTX sold a large portion of its GBTC holdings, according to people familiar with the matter.

FTX held more than 22 million units of GBTC worth $597 million as of October last year, according to bankruptcy filings. FTX declined to comment.

John Hoffman, Grayscale’s managing director of sales and distribution, said it has only been a few days since GBTC launched as the largest spot-bitcoin ETF with $28 billion in assets, and investors tend to use large capital-markets ETFs in a variety of investing strategies.

“We anticipate GBTC’s diverse shareholder base will continue to deploy strategies that impact inflows and outflows,” he said.

https://www.wsj.com/finance/currencies/grayscale-led-the-fight-for-bitcoin-etfs-now-its-fund-is-bleeding-billions-c9c5d925 (https://www.wsj.com/finance/currencies/grayscale-led-the-fight-for-bitcoin-etfs-now-its-fund-is-bleeding-billions-c9c5d925)

From WSJ. Expands on what other posters said above about why the price has dropped since the ETF approval.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 24, 2024, 07:08:35 AM
Quote from: GymnJuice on January 23, 2024, 05:39:55 PM
https://www.wsj.com/finance/currencies/grayscale-led-the-fight-for-bitcoin-etfs-now-its-fund-is-bleeding-billions-c9c5d925 (https://www.wsj.com/finance/currencies/grayscale-led-the-fight-for-bitcoin-etfs-now-its-fund-is-bleeding-billions-c9c5d925)

From WSJ. Expands on what other posters said above about why the price has dropped since the ETF approval.

FTX may not be the only sellers. There are a lot of people owed a lot of money/btc from the 2022 contagion unwind. MTGox are also possibly looking to use the liquidity the ETFs are bringing to settle some claims.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 26, 2024, 02:22:38 AM
As you all know I was majorly correct with my last big call in October 2023 when BTC rose from 25K to 45K in the months following my prediction that a surge was about to occur.

I am now regularly getting PM's from people wanting me to tell them other price predictions / dates etc.

I don't really like responding to individual messages on BTC to people - don't have the time, and prefer to keep it all on one thread. What it does show me though is that there are numerous lurkers who read this thread but who don't make a single comment themselves. So to you guys - don't be shy - just post your question here.

Second, it is impossible to make accurate predictions. General trends yes, (for example, we know BTC is VERY LIKELY to continuously rise over time). But the more specific the question, and the more limited the time period, the more it is hard to give a specific answer.

Having said that, here is what I expect is most likely to happen over the next few years.

1. Over the next 3 months I expect we will see volatility, (both up and down) as the halving approaches, with the price by the halving being more likely up from now, rather then down.

2. At some point, (and it could even occur before the halving - indeed it might even start to occur in the next few weeks) we will see the most beautiful trend start to emerge of almost consistently daily gains of around 1%.

So at current price, around $400 daily, and then at 50K $500 daily, and at 100K $1000 daily. This will be a beautiful phase for BTC and any Bitcoiner. Of course it won't be a perfect trend on an exact daily basis, but a nice overall trend.

Why this will occur should be obvious - basically it will be a function of BTC Hodling, combined with ETF inflows vs outflows stabilizing then the a BTC ETF flippening occurring, where inflows on a daily basis, slowly but surely, exceed net outflows...

 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on January 27, 2024, 04:17:57 AM
Quote from: gib on January 20, 2024, 09:04:43 AM
Fully agree! It amazes me always the idiots out there with conspiracy theories in situations where what is about to happen is blatantly obvious. Once in a lifetime opportunity here, and yet people are still not piling in. These are the same people who will pile in post 100K lol!

I mean... the fact that they articulate this very point on and on and on tells you how crazy they are. Almost like they have no choice but to double down on the own BS.

Big Money make money on the market going up and the market going down. Most people, probably 90-95%, participate in the market only on the long side. What market makers do, or want to do, is help create insane overextended (bull) markets and then shut them down with brute force. And this is exactly how Big Money are going to play it this time around again: they're going to let Bitcoin go up gradually until we break ATH (wave 3) and then retail are going to come in (late as usual) and help overextend the bull market to heights that will boggle your mind (5th wave). This time around, the retail clients include retirement funds with 100-500k of available cash that are going to propel the price into space. I would not be surprised if, at peak hysteria during this bull market, there's a 20-30k green candle. And then, they will introduce something else that will shut down the overextended bull market and signal the beginning of the bear market. Important thing is that you get out at an amount you are comfortable with. DO NOT time the market.

So, in essence, Big Money is going to help generate an insane bull market this time around and then shut it down with the introduction of some derivative product they can trade while you and I sleep. They will make an insane amount of money on the way up BUT especially on the way down. BE IN now and then sell when you quintuple your money. This is most likely a 5x bull.

And then watch gold. If BTC goes into the 200k territory and gold dumps, when BTC goes tits-up, the money WILL flow back into gold. BE IN BOTH PLAYS. Gold is being held back big time. The price can't seem to get past $2,100 without a sell off... and this is with a war going on AND us at DEFON 3. I tell you, the Big Money play is going to be Bitcoin to 200k+, gold to $1000 and then the inverse, BTC to 50k and gold to 15k. All within 2-3 years. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on January 27, 2024, 04:31:29 AM
Quote from: loco on January 22, 2024, 09:07:14 AM
I thought the value of BTC was supposed to skyrocket if the ETFs were approved.

No, the halving will.

BTC will go into the stratosphere when the tens of thousands of financial advisors out there in the family offices or at local banks sell the ETFs. It takes time you know. Just because you build a car doesn't mean you sold it. 

Market makers make money on trading fees. What they want is a huge ramp up and then a slam dunk of a dump. That's how they make a ton of money. If people think they want to taper the BTC price and shut it down FROM HERE, at 41k, I have a beach and a statue to sell.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on January 27, 2024, 04:35:40 AM
Quote from: gib on January 26, 2024, 02:22:38 AM
As you all know I was majorly correct with my last big call in October 2023 when BTC rose from 25K to 45K in the months following my prediction that a surge was about to occur.

I am now regularly getting PM's from people wanting me to tell them other price predictions / dates etc.

I don't really like responding to individual messages on BTC to people - don't have the time, and prefer to keep it all on one thread. What it does show me though is that there are numerous lurkers who read this thread but who don't make a single comment themselves. So to you guys - don't be shy - just post your question here.

Second, it is impossible to make accurate predictions. General trends yes, (for example, we know BTC is VERY LIKELY to continuously rise over time). But the more specific the question, and the more limited the time period, the more it is hard to give a specific answer.

Having said that, here is what I expect is most likely to happen over the next few years.

1. Over the next 3 months I expect we will see volatility, (both up and down) as the halving approaches, with the price by the halving being more likely up from now, rather then down.

2. At some point, (and it could even occur before the halving - indeed it might even start to occur in the next few weeks) we will see the most beautiful trend start to emerge of almost consistently daily gains of around 1%.

So at current price, around $400 daily, and then at 50K $500 daily, and at 100K $1000 daily. This will be a beautiful phase for BTC and any Bitcoiner. Of course it won't be a perfect trend on an exact daily basis, but a nice overall trend.

Why this will occur should be obvious - basically it will be a function of BTC Hodling, combined with ETF inflows vs outflows stabilizing then the a BTC ETF flippening occurring, where inflows on a daily basis, slowly but surely, exceed net outflows...

Dude, I was in GBTC back in 2019 and... let me tell you, when money starts flowing in, it's insane. Like literally insane. In three days, I went from having enough money to buy a Harley Davidson to being able to buy a fully loaded Range Rover.

I can't even imagine what it would be like if people are NOT in the play and see this happening...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on January 27, 2024, 04:43:41 AM
Quote from: Flexacon on January 23, 2024, 11:25:37 AM
so even if BTC gets to that figure it might have had very little to do with the ETFs.

No, the ETFs will play a pivotal role in getting BTC past 100k. When someone buys a share of an ETF, that buy generates a parallel buy of BTC so that the ETF sponsors/managers can match NAV at the end of the day. People buying the BTC ETFs is equivalent to buying BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on January 27, 2024, 05:12:28 AM
Quote from: Slapper on January 27, 2024, 04:35:40 AM
Dude, I was in GBTC back in 2019 and... let me tell you, when money starts flowing in, it's insane. Like literally insane. In three days, I went from having enough money to buy a Harley Davidson to being able to buy a fully loaded Range Rover.

I can't even imagine what it would be like if people are NOT in the play and see this happening...

My wife has a Range Rover Sport, it's a piece  of shit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 27, 2024, 09:01:24 AM
Quote from: Slapper on January 27, 2024, 04:43:41 AM
No, the ETFs will play a pivotal role in getting BTC past 100k. When someone buys a share of an ETF, that buy generates a parallel buy of BTC so that the ETF sponsors/managers can match NAV at the end of the day. People buying the BTC ETFs is equivalent to buying BTC.

There are still $billions sidelined sitting in stable coins. The move from 25k to 49k saw about a quarter of the those stable coins move into BTC. The recent move from 49k to 39k obviously saw the opposite.

Everything else being equal then if the majority of that money in stables were to find it's way back into BTC the price would easily be at new highs and probably closer to 75k. Fomo from new entrants would  take it higher.

ETFs just make the last part easier.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: jude2 on January 27, 2024, 10:09:06 AM
Quote from: Theoak* on January 27, 2024, 05:12:28 AM
My wife has a Range Rover Sport, it's a piece  of shit.
Yep. I had to have one and the engine blew at 38K miles and they wanted 24k to fix it. I sold it for a big loss.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 28, 2024, 07:41:14 PM
Quote from: Slapper on January 27, 2024, 04:35:40 AM
Dude, I was in GBTC back in 2019 and... let me tell you, when money starts flowing in, it's insane. Like literally insane. In three days, I went from having enough money to buy a Harley Davidson to being able to buy a fully loaded Range Rover.

I can't even imagine what it would be like if people are NOT in the play and see this happening...

We already saw the premium to Nav close then what followed was the move for the new ETFs to fill up while Grayscale sold off and price dumped to 38k. In other words 99% were wrong about the ETF launch and we got the price suppression I warned about.

On a basis of measuring the outcome of the ETF vs predictions I’d say it’s not looking great for the 99% on future predictions of mooning.

Q4 2024 ATH then watch the total destruction unfold in 2025. Blackrock have about 50,000 BTC meanwhile Grayscale hold 550,000 BTC. Oh Lordy 🙏


Do people really think we won’t ever have a -70% drop again? The ETF brings in average Joe funds….. buyers who can’t stomach a -20% S&P drop and yet magically they turn into HoDLers to ride a -70% Bitcoin bear market for a couple of years 😂  the next bear market will absolutely suck.

To lower volatility you need greater depth of spread in holdings. The reason it does -80%+ drops is because so few hold so much. At 42k the spread sucks but at 3k we will get a way deeper spread which reduces volatility and actually makes it appealing.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 28, 2024, 08:28:08 PM
Quote from: Slapper on January 27, 2024, 04:17:57 AM
I tell you, the Big Money play is going to be Bitcoin to 200k+, gold to $1000 and then the inverse, BTC to 50k and gold to 15k. All within 2-3 years.
Gold is used in electronics / computing devices, electrical devices, dentistry, aerospace / automotive, medicine, etc. There are a lot of use cases for gold.

Sky-high gold prices would negatively affect these industries. This provides an incentive to suppress the price of gold.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 28, 2024, 09:07:10 PM
Quote from: Mayday on January 28, 2024, 07:41:14 PM
We already saw the premium to Nav close then what followed was the move for the new ETFs to fill up while Grayscale sold off and price dumped to 38k. In other words 99% were wrong about the ETF launch and we got the price suppression I warned about.

On a basis of measuring the outcome of the ETF vs predictions I’d say it’s not looking great for the 99% on future predictions of mooning.

Q4 2024 ATH then watch the total destruction unfold in 2025. Blackrock have about 50,000 BTC meanwhile Grayscale hold 550,000 BTC. Oh Lordy 🙏


Do people really think we won’t ever have a -70% drop again? The ETF brings in average Joe funds….. buyers who can’t stomach a -20% S&P drop and yet magically they turn into HoDLers to ride a -70% Bitcoin bear market for a couple of years 😂  the next bear market will absolutely suck.

To lower volatility you need greater depth of spread in holdings. The reason it does -80%+ drops is because so few hold so much. At 42k the spread sucks but at 3k we will get a way deeper spread which reduces volatility and actually makes it appealing.

Not convinced Grayscale sell off (FTX dumping GBTC) caused the 20% drop. Flows from all the ETFs vs GBTC were slightly positive through that period. It was done OTC so working off the only information we have (net inflow) ETF selling did not exceed buying.

I don't bother spending much time looking at on-chain data, but those that do did pull up data that potentially shows whales who bought at 25K back in October sold between 44k-49k and so did a lot of top buyers who mostly sold at a loss. I'm working off the theory the dump was just whales games with some good old fashion FUD thrown in. We'll know over the next few months if I'm right or wrong.

Anyway the FTX selling will help make FTX customers whole based on their Nov 22 holdings. That's $billions more finding its way back into the hands of crypto natives and potentially billions more to pump the market.

Also rumour is Charles Schwab are looking to launch a spot BTC ETF with very customer friendly fees. Don't think they'd bother if they didn't think the ETFs were a success.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 29, 2024, 09:04:25 AM
Quote from: gib on January 26, 2024, 02:22:38 AM
As you all know I was majorly correct with my last big call in October 2023 when BTC rose from 25K to 45K in the months following my prediction that a surge was about to occur.

I am now regularly getting PM's from people wanting me to tell them other price predictions / dates etc.

I don't really like responding to individual messages on BTC to people - don't have the time, and prefer to keep it all on one thread. What it does show me though is that there are numerous lurkers who read this thread but who don't make a single comment themselves. So to you guys - don't be shy - just post your question here.

Second, it is impossible to make accurate predictions. General trends yes, (for example, we know BTC is VERY LIKELY to continuously rise over time). But the more specific the question, and the more limited the time period, the more it is hard to give a specific answer.

Having said that, here is what I expect is most likely to happen over the next few years.

1. Over the next 3 months I expect we will see volatility, (both up and down) as the halving approaches, with the price by the halving being more likely up from now, rather then down.

2. At some point, (and it could even occur before the halving - indeed it might even start to occur in the next few weeks) we will see the most beautiful trend start to emerge of almost consistently daily gains of around 1%.

So at current price, around $400 daily, and then at 50K $500 daily, and at 100K $1000 daily. This will be a beautiful phase for BTC and any Bitcoiner. Of course it won't be a perfect trend on an exact daily basis, but a nice overall trend.

Why this will occur should be obvious - basically it will be a function of BTC Hodling, combined with ETF inflows vs outflows stabilizing then the a BTC ETF flippening occurring, where inflows on a daily basis, slowly but surely, exceed net outflows...

Well its only been 3 days since my post above, but what we can already see is that Bitcoin is performing EXACTLY as I predicted.

To anyone here, not yet a wholecoiner - get to 1 coin! If you are already a wholecoiner - stack and HODL. And if you are a nocoiner - just get off zero.

One other tip (and this one is way ahead of the curve - but for anyone interested in a non-Bitcoin investment. FILECOIN. (Buy, and HODL for 10 years). I will be back in a decade to revisit this one, but again, I will only post something if I have a very good reason to do it. Having said that, let me be very clear - the mantra "Bitcoin, not crypto" is very applicable to anyone thinking that there is any other realistic alternative to Bitcoin in terms of what Bitcoin's purpose it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 06, 2024, 12:39:25 PM
Solana suffers another outage...

https://coingape.com/solana-down-whats-the-reason-behind-recurrent-outages/

Solana Down: What’s the Reason Behind Recurrent Outages

Solana Down: Solana engineers have released a new validator software release for validator operators to upgrade and restart of the Solana network after an outage for hours. All Solana-related activities including spot and derivatives trading, staking, and others have halted after Solana stopped processing blocks at 10:00 UTC on Tuesday.

Solana Release Patch For Network Restart
Solana Status in the latest post on February 6 revealed that a new validator software release, release version v1.17.20, is available for upgrade. This includes a patch to resolve the cluster issue that caused the network to halt. Engineers from across the ecosystem readied the software release. Validator operators are asked to prepare for an upgrade and restart of the network.

In an earlier post, Solana team said “Engineers from across the ecosystem are investigating an outage on mainnet-beta. The team updates the community in real time as more information becomes available.

As per Stakewiz data, Solana network start is underway as validators install the software release. Once 80% of the stake has restarted, the cluster will resume block production from slot 246464041. At the time of writing, the restart status is at 40%.

South Korea’s largest crypto exchange Upbit decided to temporarily suspend deposits and withdrawals for SOL, GMT, RAY, and ACS tokens due to the ongoing Solana network outage.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 06, 2024, 12:41:01 PM
https://beincrypto.com/ethereum-name-services-partners-godaddy-ens/

Ethereum Name Services Partners With GoDaddy, ENS Surges 14%

- Ethereum Name Service (ENS) announces partnership with GoDaddy, leading to a 14% surge in ENS token value.

- GoDaddy introduces a "Crypto Wallet" section in their domain management interface, enabling seamless integration with the Web3 ecosystem.

- This collaboration marks a significant milestone in the domain name industry, pushing forward Web3 integration.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: GymnJuice on February 07, 2024, 08:11:53 AM
https://www.coindesk.com/markets/2024/02/06/blackrocks-bitcoin-etf-inflows-climb-to-fifth-highest-among-all-etfs-in-2024/ (https://www.coindesk.com/markets/2024/02/06/blackrocks-bitcoin-etf-inflows-climb-to-fifth-highest-among-all-etfs-in-2024/)

Quote
Only 17 days after its launch, the BlackRock iShares Bitcoin Trust (IBIT) has become one of the top five exchange-traded funds (ETFs) of 2024 based on inflows, according to data from Bloomberg Intelligence.
The only funds that have topped IBIT's $3.2 billion of year-to-date inflows are mammoth longstanding index ETFs from iShares and Vanguard that offer exposure to the S&P 500 or the total stock market. In the number one spot with $13 billion in inflows thus far this year is the iShares Core S&P 500 ETF (IVV), which has a whopping $428 billion in assets-under-management (AUM). Number two with $11.1 billion in inflows is the Vanguard 500 Index Fund ETF (VOO), which has nearly $398 billion in AUM.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on February 07, 2024, 09:41:02 AM
Quote from: gib on June 23, 2023, 11:20:07 AM
I would think we will be well over 100K per BTC coin by March 2024. Once the demand squeeze happens, the spike will be insane, and self-fulfilling, and very fast.

Well over 100k by March 2024, right? :D :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on February 08, 2024, 03:13:11 PM
This is freaking insane... We're flirting with all time highs on a wave one of a five wave impulse. This is freaking insane. I think this first wave one impulse is going all the way up to 55-60k and then retrace. The wave three is going to take us past 150k and the wave five, which is when most of retail are going to pile in, is going to determine whether we make it past 250k or not. Remember, the retail accounts the financial advisors are trying to convince to go into crypto are retirement accounts with 250k+ in them. Imagine 2BB dollars in buying pressure PER DAY. Like I said, 20-30k daily green candles are to be expected.

And GBTC will be sitting there waiting for the unit bias to kick in... and when it does, ohhhhh booooooyyyyyy.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on February 08, 2024, 03:17:54 PM
Quote from: Slapper on February 08, 2024, 03:13:11 PM
This is freaking insane... We're flirting with all time highs on a wave one of a five wave impulse. This is freaking insane. I think this first wave one impulse is going all the way up to 55-60k and then retrace. The wave three is going to take us past 150k and the wave five, which is when most of retail are going to pile in, is going to determine whether we make it past 250k or not. Remember, the retail accounts the financial advisors are trying to convince to go into crypto are retirement accounts with 250k+ in them. Imagine 2BB dollars in buying pressure PER DAY. Like I said, 20-30k daily green candles are to be expected.

And GBTC will be sitting there waiting for the unit bias to kick in... and when it does, ohhhhh booooooyyyyyy.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 08, 2024, 07:40:32 PM
Quote from: Flexacon on January 28, 2024, 09:07:10 PM


I don't bother spending much time looking at on-chain data, but those that do did pull up data that potentially shows whales who bought at 25K back in October sold between 44k-49k and so did a lot of top buyers who mostly sold at a loss. I'm working off the theory the dump was just whales games with some good old fashion FUD thrown in. We'll know over the next few months if I'm right or wrong.


This is already starting to look pretty accurate.

Lots of whales that sold that region hoping to buy back in the low 30s started buying back again in around 44k.

A bitfinex whale killed it though after the dump from 48. Bought like a mad man between 38-40k and didn't give a toss about slippage. That whale probably stopped the price going any lower.

ETFs still doing their thing in the background just more quietly now. Still not ruling out a macro correction though.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 09, 2024, 03:29:46 AM
Quote from: affeman on February 07, 2024, 09:41:02 AM
Well over 100k by March 2024, right? :D :D

Could be. We can't predict exact dates, but as I said earlier, once the demand squeeze happens, the spike will be insane, and self-fulfilling, and this could occur very fast."

We know for certain, the long term price of BTC has infinite upside. The shorter the time scale though, the harder it is to predict directional movement. I have said it before - just zooooooom out.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 09, 2024, 03:38:44 AM
Quote from: gib on February 09, 2024, 03:29:46 AM
Could be. We can't predict exact dates, but as I said earlier, once the demand squeeze happens, the spike will be insane, and self-fulfilling, and this could occur very fast."

We know for certain, the long term price of BTC has infinite upside. The shorter the time scale though, the harder it is to predict directional movement. I have said it before - just zooooooom out.
I'll second that. A lot can happen in even 2 weeks. We've seen this before. Just look at previous bull runs.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on February 09, 2024, 04:15:17 AM
Imagine thinking about investing in crypto, being on the sidelines and seeing BTC go up 3k in hours... must be tough to not try to hit the BUY button. Then, their fears get confirmed every time there's a small (expected) pullback. BTC bull markets have this effect on people: it'll scale up, go through the roof in one to two day moves then correct and then do it all over again. All the time, retail just sits on the sidelines deadly scared of a potential collapse. By the time their reptilian brain FORCES them to act, it's already a wave 5 move and these people go "here, take my money!":

(https://media3.giphy.com/media/j3KXqE52HwpQcatFj5/giphy.gif?cid=790b7611362z3zkx7vh1rjqm466q51lhqx0hwdfgtbfxgjm2&ep=v1_gifs_search&rid=giphy.gif&ct=g) 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 09, 2024, 04:22:24 AM
Quote from: Slapper on February 09, 2024, 04:15:17 AM
Imagine thinking about investing in crypto, being on the sidelines and seeing BTC go up 3k in hours... must be tough to not try to hit the BUY button. Then, their fears get confirmed every time there's a small (expected) pullback. BTC bull markets have this effect on people: it'll scale up, go through the roof in one to two day moves then correct and then do it all over again. All the time, retail just sits on the sidelines deadly scared of a potential collapse. By the time their reptilian brain FORCES them to act, it's already a wave 5 move and these people go "here, take my money!":


So many people have missed out or lost money trying to time the market. And so many people have benefitted and made money simply stacking and hodling.

Bitcoin = truth = freedom + prosperity.

We stack, hodl, and collectively we thrive.

We here as GetBig Bitcoiners still have a massive advantage over much of the rest of our world in terms of having the opportunity to be early movers of wealth into BTC. And by "early mover" i mean to buy NOW. We buy at 50K, and then we hodl for 500K.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 11, 2024, 04:20:26 PM
Quote from: Slapper on February 08, 2024, 03:13:11 PM
and the wave five, which is when most of retail are going to pile in, is going to determine whether we make it past 250k or not. Remember, the retail accounts the financial advisors are trying to convince to go into crypto are retirement accounts with 250k+

You’re behind the 8 ball mate. Retail already started arriving.

I like your 50k-60k numbers. I would love to see 58k BTC pre-halving.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dorian Cutler on February 11, 2024, 04:50:13 PM
I think it will go to zero
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 12, 2024, 05:00:40 AM
Quote from: Dorian Cutler on February 11, 2024, 04:50:13 PM
I think it will go to zero

Why?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 12, 2024, 07:03:17 AM
Quote from: Mayday on February 11, 2024, 04:20:26 PM
You’re behind the 8 ball mate. Retail already started arriving.

I like your 50k-60k numbers. I would love to see 58k BTC pre-halving.

There's retail who are more proactive managing their accounts. They are more or less in. Retail who prefer leaving things to account mangers are not in yet.

Newbs learnt their first lesson though. Last month 49k saw one of the biggest sell offs by people in profit and then 42k saw one of the biggest sell offs by people at a loss. All of them selling at a loss would be in profit now.

A break of 52k (ish) could see a teleport to 64/65k
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on February 12, 2024, 07:33:50 AM
Quote from: gib on February 09, 2024, 04:22:24 AM
So many people have missed out or lost money trying to time the market. And so many people have benefitted and made money simply stacking and hodling.

Bitcoin = truth = freedom + prosperity.

We stack, hodl, and collectively we thrive.

We here as GetBig Bitcoiners still have a massive advantage over much of the rest of our world in terms of having the opportunity to be early movers of wealth into BTC. And by "early mover" i mean to buy NOW. We buy at 50K, and then we hodl for 500K.

(https://media.newyorker.com/photos/60ddf9a454673ca79c7402e3/16:9/w_1280,c_limit/210712_r38654.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 12, 2024, 08:38:04 AM
BTC just touched short of 50K. If we don't hit today, then likely tomorrow.

Again, I urge all to read my earlier post. I will only tell you what I believe will happen when its very obvious. And as you can now see, I have once again been exactly right. It is important that we all read this and understand it:

"As you all know I was majorly correct with my last big call in October 2023 when BTC rose from 25K to 45K in the months following my prediction that a surge was about to occur.

I am now regularly getting PM's from people wanting me to tell them other price predictions / dates etc.

I don't really like responding to individual messages on BTC to people - don't have the time, and prefer to keep it all on one thread. What it does show me though is that there are numerous lurkers who read this thread but who don't make a single comment themselves. So to you guys - don't be shy - just post your question here.

Second, it is impossible to make accurate predictions. General trends yes, (for example, we know BTC is VERY LIKELY to continuously rise over time). But the more specific the question, and the more limited the time period, the more it is hard to give a specific answer.

Having said that, here is what I expect is most likely to happen over the next few years.

1. Over the next 3 months I expect we will see volatility, (both up and down) as the halving approaches, with the price by the halving being more likely up from now, rather then down.

2. At some point, (and it could even occur before the halving - indeed it might even start to occur in the next few weeks) we will see the most beautiful trend start to emerge of almost consistently daily gains of around 1%.

So at current price, around $400 daily, and then at 50K $500 daily, and at 100K $1000 daily. This will be a beautiful phase for BTC and any Bitcoiner. Of course it won't be a perfect trend on an exact daily basis, but a nice overall trend.

Why this will occur should be obvious - basically it will be a function of BTC Hodling, combined with ETF inflows vs outflows stabilizing then the a BTC ETF flippening occurring, where inflows on a daily basis, slowly but surely, exceed net outflows..."

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on February 12, 2024, 08:42:42 AM
Quote from: Mayday on February 11, 2024, 04:20:26 PM
You’re behind the 8 ball mate. Retail already started arriving.

I like your 50k-60k numbers. I would love to see 58k BTC pre-halving.

No.

DTCC positions have not significantly changed from earlier this year (when we were much lower).

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 12, 2024, 10:18:02 AM
Just reposting another earlier post of mine, in response to people who worried "the price was falling" post BTC ETFs down past 43K. We can now, in hindsight, see that I was once again right...

Quote from: gib on January 13, 2024, 08:08:13 AM

In the short term we obviously see outflow from GBTC and inflows to the ETFs, and some volatility and dislocation in the process. Some sellers of GBTC are not immediately moving over into another ETF, and ETF funds will take time for the funds to come in. In the short term, we might therefore see price impact as GBTC unloads due to outflows. But all this will settle. The big picture is this is super positive, with the opportunities for fund inflows massively opened and diversified. BTC is limited in supply. Demand and inflows are poised to massively increase. And with a scarce asset that means increase in price. And that won't be immediate - it will start to happen over the next months and years and decades. We will look back at this very moment as an absolute opportunity of a lifetime in hindsight, and any little blip from 46K to 43K etc will be a rounding error on a graph zoomed out.

Massive opportunity to acquire. For anyone who is only a partial-coiner (or a no-coiner) use this time to become a whole coiner. If you are higher up on the BTC food chain, use this opportunity to move on up.

I started as a shrimp and over time evolved into a fish. Don't think I will get to Dolphin, but may just use this window of opportunity to become a slightly larger Dolphin. :)

Shrimp: less than 1 BTC
Crab: 1 to 10 BTC
Octopus: 10 to 50 BTC
Fish: 50 to 100 BTC
Dolphin: 100 to 500 BTC
Shark: 500 to 1000 BTC
Whale: >1000 BTC
Humpback: >5000 BTC

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: GymnJuice on February 12, 2024, 10:43:09 AM
Quote from: Dorian Cutler on February 11, 2024, 04:50:13 PM
I think it will go to zero

I think this is unlikely but anything is possible. Do you think the US would outlaw owning bitcoin like they did once for owning gold?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: sculpture on February 12, 2024, 01:25:09 PM
Why would outlawing it affect the price?

If anything it will push up the price further

The US govt can't outlaw bitcoin.

Can't touch it
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 12, 2024, 08:35:51 PM
Quote from: sculpture on February 12, 2024, 01:25:09 PM
Why would outlawing it affect the price?

If anything it will push up the price further

The US govt can't outlaw bitcoin.

Can't touch it

Not a ban per se, The Govts are going to eliminate the on/off ramp on Domestic exchanges. So while you can still use a wallet, you can’t exit into your local banking system.

There was some things being done by uniswap and metamask which sounds like regulatory requirements but if the ramps vanish then it’s kind of pointless. As in you can’t pay tax from crypto gains if you can’t exit into the banking system because they removed the ramps. So you have no way to pay the taxes anyway.

Quote from: Slapper on February 12, 2024, 08:42:42 AM
No.

DTCC positions have not significantly changed from earlier this year (when we were much lower).

My perspective is different.

*i was in at 17.5k and nobody was around buying with me, everyone was bearish.
*At 25k everyone was bearish.
*At 32k the crowd felt 50/50.
*Once it got to 42k my 72yr old Mum called me to tell me the Bitcoin ETF was going to get approved
*At 48k this thread came back alive with sky high targets, no-coiner talk, retail hasn’t arrived etc.
*At 50k Joe Biden posts laser eyes on X
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 13, 2024, 01:46:42 AM
Quote from: GymnJuice on February 12, 2024, 10:43:09 AM
I think this is unlikely but anything is possible. Do you think the US would outlaw owning bitcoin like they did once for owning gold?

If you read this whole thread, you will see I have explained on numerous occasions why it is not possible for any Government to "outlaw" Bitcoin. Just as it is not possible they could "outlaw" the sun, or gravity, or Pi, or the fact that 1+1 = 2.

Indeed, we have seen Bitcoin legitimized further with 11 Bitcoin ETF securities now listed on exchanges in the US, and being integrated and adopted by thousands of banks and financial institutions across the US. If anything, the US wishes to become a world leader in BTC adoption (because the alternative would be very detrimental to all of us).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 13, 2024, 12:57:03 PM
Quote from: gib on February 13, 2024, 01:46:42 AM
If you read this whole thread, you will see I have explained on numerous occasions why it is not possible for any Government to "outlaw" Bitcoin. Just as it is not possible they could "outlaw" the sun, or gravity, or Pi, or the fact that 1+1 = 2.

Indeed, we have seen Bitcoin legitimized further with 11 Bitcoin ETF securities now listed on exchanges in the US, and being integrated and adopted by thousands of banks and financial institutions across the US. If anything, the US wishes to become a world leader in BTC adoption (because the alternative would be very detrimental to all of us).

I think many are getting confused thinking it’s a Bitcoin ban. It is only self custody they are looking to cut off. The narrative used to drive this is self owned crypto is used for people trafficking and drugs. The US stance is it does not matter the dollar value used but the fact it can’t be used for those things. 

You are 100% right, there are more regulations now and approved ETFs which legitimise BTC to make it a govt supported thing.

The self custody is more an ETH and other ecosystem threat because that where the worst degeneracy occurs. It’s a putrid space filled with rugpulls and scammers. It’s likely get an ETH ETF approved first before they rug pull the entire ETH system by removal of on/off ramps to exchanges and banks.

BTC has the advantage over ETH because it doesn’t have layers of shit hanging off it influencing it’s valuation.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 13, 2024, 02:25:42 PM
Quote from: Mayday on February 13, 2024, 12:57:03 PM
BTC has the advantage over ETH because it doesn’t have layers of shit hanging off it influencing it’s valuation.
Those layers are necessary to increase performance and be decentralized. Solana opted to have all on one chain and last week it had another shutdown.

It's hard to be decentralized and fast.

Bitcoin has been following Ethereum with the push for smart contracts, ordinals, layer 2's. Vitalik Buterin literally developed Ethereum after he could not build smart contracts on Bitcoin.

Your post does not make sense. Bitcoin is trying to play catchup with Ethereum's layers of shit capabilities. It's slow as fuck and will need layers and updates.

https://unchainedcrypto.com/stacks-a-bitcoin-layer-2-protocol-sees-all-time-high-in-total-value-locked/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 13, 2024, 02:29:51 PM
https://finance.yahoo.com/news/franklin-templeton-files-spot-ethereum-225022386.html

Franklin Templeton files for spot ethereum ETF

(Reuters) - Franklin Templeton on Monday disclosed that it had officially filed for a spot ethereum exchange-traded fund, becoming the eighth player vying to introduce a similar product in the market.

In January, the U.S. Securities and Exchange Commission (SEC) approved 11 spot bitcoin ETFs in a watershed moment for the crypto industry, which had been demanding regulatory approval for those products for more than a decade.

A spot crypto ETF tracks the market price of the underlying digital asset, giving investors exposure to the token without having to buy it.

With Franklin's registration, there are now eight ETF providers competing to introduce spot ether ETFs, all of whom rolled out spot bitcoin products in January.

While the two biggest new entrants in the spot bitcoin ETF race, BlackRock and Fidelity, now have assets of $4.18 billion and $3.49 billion respectively, Franklin Templeton hovers near the bottom of the league table.

According to data from BitMEX Research, assets in the Franklin Bitcoin ETF totaled only $77 million. Seven out of the nine newly launched spot bitcoin ETFs now boast assets north of $100 million.

The veteran asset management firm founded in 1947 is not throwing in the towel just yet and is spending to market the spot bitcoin ETF in Google ads.

Last month, U.S. SEC delayed its decision on an application by crypto asset manager Grayscale Investments to convert its ethereum trust product into a spot ETF. BlackRock's application at launching a similar product was also delayed by the market regulator. VanEck was the first to file for a spot ethereum ETF, which the SEC must either approve or deny by May 23.

Coinbase Custody, a unit of crypto exchange Coinbase (COIN.O), will hold the proposed ETF's ether in custody. The company is also the proposed custodian of BlackRock's ethereum ETF.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 13, 2024, 04:59:36 PM
Quote from: obsidian on February 13, 2024, 02:25:42 PM
Those layers are necessary to increase performance and be decentralized. Solana opted to have all on one chain and last week it had another shutdown.

It's hard to be decentralized and fast.

Bitcoin has been following Ethereum with the push for smart contracts, ordinals, layer 2's. Vitalik Buterin literally developed Ethereum after he could not build smart contracts on Bitcoin.

Your post does not make sense.

A network’s value is based on the number of users. This is why everyone talks adoption. You agree yes?

Ok good. So for gib’s side, BTC is standalone and does nothing and nobody uses it for anything. its current network users are all sitting in BTC to sit in BTC.

ETH has a massive layer 2 userbase and NFTs. To purchase those the highest liquidity pairs are using ETH to buy them. Much like in 2017 BTC was used to buy alt coins. Same thing. So the user base of ETH includes the user base of all the degen alts and NFTs aswell as those are traded using ETH.

If future govt regulation kills off degen alts and possibly NFTs by removing exchange deposits, that user base diminishes very quickly and therefore ETH loses a good deal of user base and also means loss of value by default.

In the last 4yrs banks went from performing P2P transfers in 2 days to instant transfer for cents. ETH today costs $21 to move and The network cannot perform under load without sky high costs. Imagine if your bank charged $21 to buy a can of Coke? People would have a fit yet in crypto it’s pushed aside as a non-issue.

BTC following my scenario right now which is BTC in it’s proper bullrun leg to cycle peak. If you have 120k in ETH right now, you should be happy to turn that into 240k this cycle and super happy to turn that into 360k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 13, 2024, 06:48:27 PM
Quote from: Mayday on February 13, 2024, 04:59:36 PM
A network’s value is based on the number of users. This is why everyone talks adoption. You agree yes?

Ok good. So for gib’s side, BTC is standalone and does nothing and nobody uses it for anything. its current network users are all sitting in BTC to sit in BTC.

ETH has a massive layer 2 userbase and NFTs. To purchase those the highest liquidity pairs are using ETH to buy them. Much like in 2017 BTC was used to buy alt coins. Same thing. So the user base of ETH includes the user base of all the degen alts and NFTs aswell as those are traded using ETH.

If future govt regulation kills off degen alts and possibly NFTs by removing exchange deposits, that user base diminishes very quickly and therefore ETH loses a good deal of user base and also means loss of value by default.

In the last 4yrs banks went from performing P2P transfers in 2 days to instant transfer for cents. ETH today costs $21 to move and The network cannot perform under load without sky high costs. Imagine if your bank charged $21 to buy a can of Coke? People would have a fit yet in crypto it’s pushed aside as a non-issue.

BTC following my scenario right now which is BTC in it’s proper bullrun leg to cycle peak.
Where are you getting your info regarding these potential future government actions? Can you post a news link?

And where are you getting your ETH transaction fees?

The current average Ethereum transaction fee is $1.754

https://ycharts.com/indicators/ethereum_average_transaction_fee#:~:text=Ethereum%20Average%20Transaction%20Fee%20is,184.3%25%20from%20one%20year%20ago.

I personally don't get the prevailing anti-Ethereum sentiment. It's superior to Bitcoin. It's inflation is currently lower, it provides interest to stakers, the proof of stake network uses a lot less energy.

The Dencun upgrade will reduce fees a further 10x. We'll have to see how that changes the ETH supply.

https://icoholder.com/en/news/ethereums-dencun-upgrade-sparks-debate-on-ether-supply-impact

The upcoming Dencun upgrade on the Ethereum network is raising discussions about potential impacts on the supply of ether, according to insights from CoinShares Ethereum research associate Luke Nolan. The upgrade introduces the blobspace mechanism, an alternative to the current transactional calldata method, which could lead to reduced gas usage and, consequently, less ether being burned.

Currently, all ether used to pay gas base fees for transactions on the Ethereum network is burned. The Dencun upgrade's shift to blobspace, with lower gas costs, is expected to decrease gas prices, affecting the amount of ether burned. Transactional calldata, comprising 90% of Layer 2 gas fees, is likely to see a reduction in usage as Layer 2s adopt blobspace.

Nolan highlighted the potential impact on the growth of ether supply, stating that reduced gas prices could impact Ethereum's deflation mechanism, where gas burn decreases the circulating supply of ether. However, he emphasized that Layer 1 demand is a more significant driver of deflation, and the Dencun upgrade aims to bring users back to the network with lower transaction fees.

While acknowledging a potential decrease in gas prices, Nolan reassured that concerns about Ethereum becoming significantly inflationary are unfounded. The Dencun upgrade's primary goal is to decrease gas fees for users transacting with roll-ups and solidify Ethereum's market share, leading to positive long-term effects.

Bitcoin has architectural and structural issues facing it in the future as miner yields decrease. They are now touting ordinals (which accidentally became possible because developers fucked up) to help supplement the fees for miners. It's a valid concern. The Bitcoin network security is directly tied to the hash rate. Less miners =  easier to hijack the network. While Ordinals bring new use cases to Bitcoin, they have also made transactions on the network more expensive and slower to settle. Over the past year, the average transaction fee has soared upwards of 25x, according to Blockworks research.

https://blockworks.co/news/ordinals-impact-on-bitcoin-network

Bitcoin's only advantage is it was the first crypto currency. The 21 million cap is not unique either. Zcash has the same cap and is more anonymous. Gib is a huge proponent of being anonymous. Bitcoin does not have Zcash's privacy features. I get it, governments don't want privacy which is why Zcash has underperformed = because people are afraid it would be banned or delisted.

https://decrypt.co/211717/privacy-coins-monero-zcash-horizen-at-risk-of-delisting-by-binance

Shielded Zcash transactions are encrypted, and users' addresses, their transaction amount and memo field are completely private. If you use a shielded Zcash address to send and receive ZEC, your transaction history and wallet balance are not traceable.

https://z.cash/learn/is-zcash-traceable/#:~:text=Shielded%20Zcash%20transactions%20are%20encrypted,wallet%20balance%20are%20not%20traceable.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 13, 2024, 08:28:12 PM
Quote from: Mayday on February 13, 2024, 04:59:36 PM
A network’s value is based on the number of users. This is why everyone talks adoption. You agree yes?

Ok good. So for gib’s side, BTC is standalone and does nothing and nobody uses it for anything. its current network users are all sitting in BTC to sit in BTC.

ETH has a massive layer 2 userbase and NFTs. To purchase those the highest liquidity pairs are using ETH to buy them. Much like in 2017 BTC was used to buy alt coins. Same thing. So the user base of ETH includes the user base of all the degen alts and NFTs aswell as those are traded using ETH.

If future govt regulation kills off degen alts and possibly NFTs by removing exchange deposits, that user base diminishes very quickly and therefore ETH loses a good deal of user base and also means loss of value by default.


A lot has changed in the last 12-14 months so you might need to rethink all this.

You can now do degen stuff like mint NFTs on bitcoin through ordinals. It's been happening for a while (pre ETF approvals) and it causes gas to spike just like on ETH. Bitcoin also now has brc20 which is is similar to erc20 on Eth, so shit coining on Bitcoin is also now a thing and has also already been happening for a while.

As for the US government regulations killing degen alts, well they tried that with Solana and yet it's somehow been the best performing major alt in the last 12 months.

Also anyone who has staked their ETH will make plenty of money through points and airdrops. ETH could do nothing price wise for the next 12 to 24 months and ETH stakers will still print multiples.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 13, 2024, 10:16:02 PM
Quote from: Flexacon on February 13, 2024, 08:28:12 PM
A lot has changed in the last 12-14 months so you might need to rethink all this.

You can now do degen stuff like mint NFTs on bitcoin through ordinals. It's been happening for a while (pre ETF approvals) and it causes gas to spike just like on ETH. Bitcoin also now has brc20 which is is similar to erc20 on Eth, so shit coining on Bitcoin is also now a thing and has also already been happening for a while.

As for the US government regulations killing degen alts, well they tried that with Solana and yet it's somehow been the best performing major alt in the last 12 months.

Also anyone who has staked their ETH will make plenty of money through points and airdrops. ETH could do nothing price wise for the next 12 to 24 months and ETH stakers will still print multiples.
Ordinals was an accidental development because of a developer bug.

It's funny how Michael Saylor kept dissing Ethereum because it changes a lot. The interviewers never thought to ask him how that's any different from Bitcoin being changed by developers. LMAO! Saylor bought into Bitcoin and won't ever leave to avoid paying capital gains tax. So he has to pump his bag, and badmouth other projects in the process. A very sleazy behavior.

The Bitcoin network will need a lot of upgrades to be able to do what Ethereum has been doing the past few years. It does not have the TPS to make it happen currently on a large scale.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 14, 2024, 12:41:00 AM
Quote from: obsidian on February 13, 2024, 10:16:02 PM
Ordinals was an accidental development because of a developer bug.

It's funny how Michael Saylor kept dissing Ethereum because it changes a lot. The interviewers never thought to ask him how that's any different from Bitcoin being changed by developers. LMAO! Saylor bought into Bitcoin and won't ever leave to avoid paying capital gains tax. So he has to pump his bag, and badmouth other projects in the process. A very sleazy behavior.

The Bitcoin network will need a lot of upgrades to be able to do what Ethereum has been doing the past few years. It does not have the TPS to make it happen currently on a large scale.

Yeah Ethereum is still leaps and bounds ahead in that area. Last couple of weeks they came up with an experimental 404 standard which allows tokenisation of NFTs. This will be rocket fuel for degen stuff. Also potentially huge for real world stuff regarding ownership and lending.

I posted about the ordinals when the bug was first discovered and how one cat eating Bitcoin core developer and some maxis wanted it expunged. They are still trying, but failing.

The most bullish thing about Blackrock and them coming in for Bitcoin is that once they have some control over the narrative, they will far better suited at dealing with structural issues that might come up in the future with bitcoin than some of the current developers. They are already hiring their own in-house bitcoin core developers.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 14, 2024, 12:13:10 PM
Quote from: obsidian on February 13, 2024, 10:16:02 PM

The Bitcoin network will need a lot of upgrades to be able to do what Ethereum has been doing the past few years. It does not have the TPS to make it happen currently on a large scale.

I can believe you are still saying this crap. BTC is the world's digital monetary unit. Absolutely rock solid, reliable, global store of value. The best of the absolute mess that is Ethereum is being built on top of the BTC base-layer. How hard can that be to comprehend?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on February 14, 2024, 12:49:08 PM
BTC is done. The ETFs bought up more than 5% of all the BTC stock in existence within a few days and the price is still miles away from the all-time high lol

This is the last pump, they will run out of ideas to keep blowing up the bubble, and the next price drop is going to be lethal.

Sell off that crap while u can still make a few bucks, it could be over any day.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 14, 2024, 01:00:44 PM
Quote from: Flexacon on February 13, 2024, 08:28:12 PM
A lot has changed in the last 12-14 months so you might need to rethink all this.

You can now do degen stuff like mint NFTs on bitcoin through ordinals. It's been happening for a while (pre ETF approvals) and it causes gas to spike just like on ETH. Bitcoin also now has brc20 which is is similar to erc20 on Eth, so shit coining on Bitcoin is also now a thing and has also already been happening for a while.

As for the US government regulations killing degen alts, well they tried that with Solana and yet it's somehow been the best performing major alt in the last 12 months.

Also anyone who has staked their ETH will make plenty of money through points and airdrops. ETH could do nothing price wise for the next 12 to 24 months and ETH stakers will still print multiples.

I’ve been in and continued buying at lows for almost 2yrs. I have the advantage of seeing narratives, beliefs, opinions change through the price levels. I’m not going to bet against JPMorgan, the Fed or Blackrock.

Besides, my crypto nightmare scenario is intact and i already see us in the bullrun so I have no reason to change. It’s all my own strategy this time from my entry to the end. I have ETH to 3,100 soon and if alts have a decent run I’ll dump half my holdings.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 14, 2024, 01:26:07 PM
Quote from: affeman on February 14, 2024, 12:49:08 PM
BTC is done. The ETFs bought up more than 5% of all the BTC stock in existence within a few days and the price is still miles away from the all-time high lol

This is the last pump, they will run out of ideas to keep blowing up the bubble, and the next price drop is going to be lethal.

Sell off that crap while u can still make a few bucks, it could be over any day.

The ETFs currently have about 1% of all BTC which will ever exist (not 5%).

However, ongoing demand will lead to increases in price, which is what we are starting to see now. This asset will exist and thrive for decades. Anyone who as BTC would be a fool to sell. And anyone who does not have any would be a fool to stay a nocoiner.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 14, 2024, 02:58:32 PM
Quote from: gib on February 14, 2024, 01:26:07 PM
The ETFs currently have about 1% of all BTC which will ever exist (not 5%).

However, ongoing demand will lead to increases in price, which is what we are starting to see now. This asset will exist and thrive for decades. Anyone who as BTC would be a fool to sell. And anyone who does not have any would be a fool to stay a nocoiner.

Affeman is right about 5% as you forgot to include GBTC. He is obviously wrong about the rest.

ETF inflows had their first big influence on traders yesterday/today. Couple of whales shorted BTC down to 48,000s yesterday based on the CPI print. This morning IBITs inflows got released and it exceeded all expectations. Those shorts got squeezed. Affeman has got this backwards and is warning the wrong people.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 14, 2024, 03:04:21 PM
Quote from: Flexacon on February 14, 2024, 02:58:32 PM
Affeman is right about 5% as you forgot to include GBTC. He is obviously wrong about the rest.

ETF inflows had their first big influence on traders yesterday/today. Couple of whales shorted BTC down to 48,000s yesterday based on the CPI print. This morning IBITs inflows got released and it exceeded all expectations. Those shorts got squeezed. Affeman has got this backwards and is warning the wrong people.

Ah, yes correct if you include GBTC - but theirs were accumulated long before the ETF launches. Lets see how much the ETFs gobble up - but either way, many people forget that the ETF demand is driven by end customer demand for the ETFs. Its not as though the ETF providers are just buying up BTC with their own funds. But in any case, we all know price will rise massively if ETF demand continues. I can't image any more than 10% of all BTC ever being held in the various US ETFs, as prices will rise making as supply of sellers willing to sell shrinks - but time will tell - even if it is, I would have no concerns. Indeed I am very happy to see big money flowing in via any vehicle available.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 15, 2024, 04:54:07 AM
Quote from: gib on February 14, 2024, 03:04:21 PM
Ah, yes correct if you include GBTC - but theirs were accumulated long before the ETF launches. Lets see how much the ETFs gobble up - but either way, many people forget that the ETF demand is driven by end customer demand for the ETFs. Its not as though the ETF providers are just buying up BTC with their own funds. But in any case, we all know price will rise massively if ETF demand continues. I can't image any more than 10% of all BTC ever being held in the various US ETFs, as prices will rise making as supply of sellers willing to sell shrinks - but time will tell - even if it is, I would have no concerns. Indeed I am very happy to see big money flowing in via any vehicle available.

I can see it going higher than 10% but more for the reason that big OG whale holders redistribute some of the BTC the hold in cold wallets into ETFs. Makes sense to diversify and it makes things like inheritance easier to manage.

Anyway indices look potentially ready to blast off for the next couple of days, just a couple more boxes left to tick there. If it does let's see if BTC goes along for the ride.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 15, 2024, 07:54:46 AM
Quote from: Flexacon on February 15, 2024, 04:54:07 AM
I can see it going higher than 10% but more for the reason that big OG whale holders redistribute some of the BTC the hold in cold wallets into ETFs. Makes sense to diversify and it makes things like inheritance easier to manage.

Anyway indices look potentially ready to blast off for the next couple of days, just a couple more boxes left to tick there. If it does let's see if BTC goes along for the ride.

I would not see BTC in cold storage going into ETF's driving price up as much as supply being bought up by the ETFs from ever dwindling supply on exchanges. 

At this rate, it seems every 1 USD Billion of inflows, is correlating to around an increase of 2% in BTC price (which equates to around USD $1000 on BTC price). Hence my earlier post a few weeks back predicting what would happen to BTC price over the next 2 years.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 19, 2024, 01:55:38 AM

ETH gas costs right now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 19, 2024, 03:58:08 AM
I do not comment on alts too often, but some may recall I have in the past urged all to look into FILECOIN.

See now this development. I will say it one more time. Take a look at FIL and seriously consider. If you are looking for an emerging alt superstar, this may be it.

https://crypto.news/solana-filecoin-unite-boost-decentralized-data-storage/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 19, 2024, 05:32:16 AM
What's all this Eth, File and shitcoin nonesense?  :D

Last week saw $2.5B flows from the ETFs and Coinbase is down to its barebones in BTC holdings, lowest in nearly 10 years. Doesn't look like it's gonna be long before ...

(https://images-wixmp-ed30a86b8c4ca887773594c2.wixmp.com/f/b20d2167-9907-4b56-b1c2-d6c1636cd408/d97w03x-7385400e-adcb-4a60-b64e-98a93962d0cf.gif?token=eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJzdWIiOiJ1cm46YXBwOjdlMGQxODg5ODIyNjQzNzNhNWYwZDQxNWVhMGQyNmUwIiwiaXNzIjoidXJuOmFwcDo3ZTBkMTg4OTgyMjY0MzczYTVmMGQ0MTVlYTBkMjZlMCIsIm9iaiI6W1t7InBhdGgiOiJcL2ZcL2IyMGQyMTY3LTk5MDctNGI1Ni1iMWMyLWQ2YzE2MzZjZDQwOFwvZDk3dzAzeC03Mzg1NDAwZS1hZGNiLTRhNjAtYjY0ZS05OGE5Mzk2MmQwY2YuZ2lmIn1dXSwiYXVkIjpbInVybjpzZXJ2aWNlOmZpbGUuZG93bmxvYWQiXX0.ckGUZj_zQDtvtUZglA106wy7gOdD7u32D-opaE8J5do)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 19, 2024, 12:48:05 PM
Quote from: Mayday on February 19, 2024, 01:55:38 AM
ETH gas costs right now.
ETH chart going back to 2015. It looks fairly healthy - looks like an up-trend to me. Bitcoin has high fees. Institutions don't care about these fees, which can be mitigated by using L2s for your transactions. And more upgrades are slated for release to address these issues.

Ethereum gives yield AND is deflationary. Hopefully, it stays that way when fees are reduced. But that's a pretty attractive proposition for an investor. Bitcoin does not provide any yields. You HODL and that's it. Curious to see if Ethereum eventually does flip Bitcoin! Gib incoming in 3,2,1...  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 19, 2024, 12:50:14 PM
 :o
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 19, 2024, 04:00:05 PM
Quote from: obsidian on February 19, 2024, 12:48:05 PM
ETH chart going back to 2015. It looks fairly healthy - looks like an up-trend to me. Bitcoin has high fees. Institutions don't care about these fees, which can be mitigated by using L2s for your transactions. And more upgrades are slated for release to address these issues.

Ethereum gives yield AND is deflationary. Hopefully, it stays that way when fees are reduced. But that's a pretty attractive proposition for an investor. Bitcoin does not provide any yields. You HODL and that's it. Curious to see if Ethereum eventually does flip Bitcoin! Gib incoming in 3,2,1...  ;D

It shows how quickly activity on the network ramped up. Good for anyone on the ETH network as money piles in. Awesome!

BTC gets an ETF and money piles into ETH. An application for an ETH ETF has been made but perhaps Blackrock need to be involved for it to really hold weight of being approved.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 19, 2024, 04:50:48 PM
Quote from: Mayday on February 19, 2024, 04:00:05 PM
It shows how quickly activity on the network ramped up. Good for anyone on the ETH network as money piles in. Awesome!

BTC gets an ETF and money piles into ETH. An application for an ETH ETF has been made but perhaps Blackrock need to be involved for it to really hold weight of being approved.

Blackrock filed for an ETH spot ETF back in November last year. ETH spot ETF with access to staking yields is the golden goose, but that's looking unlikely to be approved. A plain vanilla spot ETF (without staking yield) looks more likely, but that probably won't generate much interest. Eigen is close though and that's dropping several $billions in points to the ETH ecosystem. Mixed bag for ETH, but bullish BTC helps it.

Also gas has largely been higher because of interest in an experimental erc404 which is a gas fee guzzler. Gas was over a $100 because of it last week. Eth on chain hasn't seen much new money, just a lot of rotation. Real degen stuff going on though with yield, liquidity pools, bonds etc as protocols are fighting for TVL. 700% APR type stuff for those getting in early. It will probably crash everything in a bear, but printing big right now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 23, 2024, 01:05:38 AM
Quote from: gib on December 10, 2023, 01:26:24 AM
Nice to see some commonsense and some lessons which have been learned here. :)

All this alt shit really is just basically shit. The quicker most people realize the better. And even those which are not entirely shit and actually do have a use case (less than 1% of all alts) I would say, only 1% are fairly priced. Most of the very small number of "legit" alts are usually WAY overpriced for what they represent. Often 100-1000x any reasonable price that you would use in a typical VC calculation. The only alt with a legit use which is actually growing, and which is at  fair (but still not cheap) price I have found after many hours of research is Filecoin (FIL). Does not have the hype of so much shit out there, but has the best prospects of a return based on current price and usage. Go figure...


See what I posted here. And see what has happened to FIL since then. Again, let me be clear - when I post something which may be of use to others, I have a very good reason for doing so.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 23, 2024, 01:09:27 AM
Was $5.2 per filecoin when I posted this.

Now $8.30, and still HUGE upside. I urge all to take the time to truly understand the Filecoin technology, adoption, and tokenomics (and also to understand why nothing about FIL makes it an "alt" to BTC).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 23, 2024, 08:11:13 AM
Quote from: gib on February 23, 2024, 01:09:27 AM
Was $5.2 per filecoin when I posted this.

Now $8.30, and still HUGE upside. I urge all to take the time to truly understand the Filecoin technology, adoption, and tokenomics (and also to understand why nothing about FIL makes it an "alt" to BTC).

Almost all AI and data tokens (and stocks) pumped after OpenAI CEO Sam Altman made his comments and then pumped again after Nvida earnings.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 25, 2024, 05:11:11 PM
ETH coming into my range now of my 3,100 target. It’s great to see many people now looking to buy.

I shall bless these buyers by selling 20% of my alts into their hands. I know, I know, I am selling well before 500k next year but it’s just such a good feeling selling to all these smiling, joyful faces.

We can all rejoice!





Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: jude2 on February 25, 2024, 05:21:55 PM
Quote from: Mayday on February 25, 2024, 05:11:11 PM
ETH coming into my range now of my 3,100 target. It’s great to see many people now looking to buy.

I shall bless these buyers by selling 20% of my alts into their hands. I know, I know, I am selling well before 500k next year but it’s just such a good feeling selling to all these smiling, joyful faces.

We can all rejoice!
I am finally even with ETH because I am in it at 3,050.  I said I would sell it when it got back to it, but now I want to try to make some money to make up for my loss in ETC I am in that a 118 >:(
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 26, 2024, 01:18:36 AM
Quote from: jude2 on February 25, 2024, 05:21:55 PM
I am finally even with ETH because I am in it at 3,050.  I said I would sell it when it got back to it, but now I want to try to make some money to make up for my loss in ETC I am in that a 118 >:(

This is why short term price matters. At some point it’s the end price but you stay in because you don’t feel like it’s the end price.

Not yet though. Still room for 58k BTC if it wants to.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 26, 2024, 12:14:33 PM
55k !!!  EDIT now 56.6k!!!

It’s going for it!

2024 setup going exactly to plan. Going to be a great year :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dorian Cutler on February 26, 2024, 11:35:53 PM
This bitcoin stuff blows my mind, will there ever be a "next bitcoin"?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on February 26, 2024, 11:53:25 PM
Quote from: Mayday on February 26, 2024, 12:14:33 PM
55k !!!  EDIT now 56.6k!!!

It’s going for it!

2024 setup going exactly to plan. Going to be a great year :D

LOL

Let's see if it's "Going to be a great year" when it's below the 30k mark again 2 months from now.... ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 27, 2024, 12:04:53 AM
Quote from: affeman on February 26, 2024, 11:53:25 PM
LOL

Let's see if it's "Going to be a great year" when it's below the 30k mark again 2 months from now.... ;D

I said I expect a peak of 76k Q4 2024. We are at 56.5k and already in the parabola.

The pullback won’t be anything like what people expect.

It’s one of these things where gib’s unbridled enthusiasm will be correct for now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 27, 2024, 01:21:08 AM
At the beginning of this thread, I urged EVERY GETBIGGER to get to wholecoiner status. I noted at that time, that right now, every single person on this forum had the ability to set themselves up for life for what lies ahead.

We are still very early in the adoption of Bitcoin as a global store of value and currency, but even so, it's nice to get some PM's thanking me.

Again, in the future there will be a huge distinction (not just financially, but also politically, societal class, and in terms of individual freedom and international living options) between a wholecoiner and the masses.

Of the thousands of members of this forum, if only all had listened, and acted, all would now be in a great place in terms of having secured their future. Talking BS and bodybuilding is all good, but we have a unique opportunity to all mutually thrive. We can still act ahead of the masses.

For those who did not act, or who see wholecoiner status as slipping out of reach, my advice is get to 0.1 of a BTC. Just do it and HODL, and stack from there.

And not need to thank me later. Thank you future self for doing what you know is right.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on February 27, 2024, 01:22:41 AM
Quote from: gib on February 27, 2024, 01:21:08 AM
Again, in the future there will be a huge distinction (not just financially, but also politically, societal class, and in terms of individual freedom and international living options) between a wholecoiner and the masses.

 :D :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 27, 2024, 02:32:41 AM
Quote from: gib on February 27, 2024, 01:21:08 AM
At the beginning of this thread, I urged EVERY GETBIGGER to get to wholecoiner status. I noted at that time, that right now, every single person on this forum had the ability to set themselves up for life for what lies ahead.

We are still very early in the adoption of Bitcoin as a global store of value and currency, but even so, it's nice to get some PM's thanking me.

Again, in the future there will be a huge distinction (not just financially, but also politically, societal class, and in terms of individual freedom and international living options) between a wholecoiner and the masses.

Of the thousands of members of this forum, if only all had listened, and acted, all would now be in a great place in terms of having secured their future. Talking BS and bodybuilding is all good, but we have a unique opportunity to all mutually thrive. We can still act ahead of the masses.

For those who did not act, or who see wholecoiner status as slipping out of reach, my advice is get to 0.1 of a BTC. Just do it and HODL, and stack from there.

And not need to thank me later. Thank you future self for doing what you know is right.

You are my favourite gib.

I am honoured to have been present for your ascension into the land of the Gods.

After my phone loaded your post my battery went up +7%

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 27, 2024, 03:07:36 AM
Quote from: Mayday on February 27, 2024, 02:32:41 AM
You are my favourite gib.

I am honoured to have been present for your ascension into the land of the Gods.

After my phone loaded your post my battery went up +7%

:)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 27, 2024, 05:13:33 AM
Quote from: Mayday on February 27, 2024, 02:32:41 AM
You are my favourite gib.

I am honoured to have been present for your ascension into the land of the Gods.

After my phone loaded your post my battery went up +7%

Gibs high conviction call a few months back at 25K was definitely godly. He said it was TA, but the charts were poop and btc had fallen off supports. That move from 25K was a cabal/OG whales buy so I'd have to guess he has those connections.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 27, 2024, 12:09:22 PM
Impressive moves in a short period by Bitcoin. I expect a lot of cryptos to make impressive moves at various points in the cycle.

Here's an interesting chart from 1875 - The Brenner Cycle

(https://pbs.twimg.com/media/FkjZmP9VUAAmHpe.jpg:large)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 28, 2024, 01:32:12 AM
Speaking of charts...

https://www.blockchaincenter.net/en/bitcoin-rainbow-chart-v1/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 28, 2024, 02:32:51 AM
Quote from: obsidian on February 27, 2024, 12:09:22 PM
Impressive moves in a short period by Bitcoin. I expect a lot of cryptos to make impressive moves at various points in the cycle.

Here's an interesting chart from 1875 - The Brenner Cycle

(https://pbs.twimg.com/media/FkjZmP9VUAAmHpe.jpg:large)

that did the mass social media rounds in 2022 and 2023 and everyone got wrecked.

Narratives do the rounds to get the masses wrecked because the predictability of the masses is the most sure thing.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 28, 2024, 06:47:44 AM
USD $60,000
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on February 28, 2024, 07:03:07 AM
Quote from: gib on February 28, 2024, 06:47:44 AM
USD $60,000

Where will that Bullrun max out? When can I finally sell off?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 28, 2024, 07:03:37 AM
Quote from: Mr Anabolic on September 01, 2017, 03:13:11 PM

Anyone who wants to buy a bunch of digital cyberspace electrons for $5000 a piece because you think it's going to $1 mil USD... please, be my guest. 


LOL. :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 28, 2024, 07:06:23 AM
Quote from: muscleman-2017 on September 02, 2017, 02:30:49 AM
It's gonna go MUCH HIGHER.

Mark my words you ignorant naysayers.

He was right!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 28, 2024, 07:22:44 AM
Quote from: affeman on February 28, 2024, 07:03:07 AM
Where will that Bullrun max out? When can I finally sell off?

You must work for the European Central Bank  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 28, 2024, 07:25:50 AM
This move up was very easy to call and price did indeed teleport. Last few months have felt like easy mode.

Quote from: Flexacon on February 12, 2024, 07:03:17 AM

A break of 52k (ish) could see a teleport to 64/65k

Quote from: Flexacon on February 19, 2024, 05:32:16 AM


Last week saw $2.5B flows from the ETFs and Coinbase is down to its barebones in BTC holdings, lowest in nearly 10 years. Doesn't look like it's gonna be long before ...

(https://images-wixmp-ed30a86b8c4ca887773594c2.wixmp.com/f/b20d2167-9907-4b56-b1c2-d6c1636cd408/d97w03x-7385400e-adcb-4a60-b64e-98a93962d0cf.gif?token=eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJzdWIiOiJ1cm46YXBwOjdlMGQxODg5ODIyNjQzNzNhNWYwZDQxNWVhMGQyNmUwIiwiaXNzIjoidXJuOmFwcDo3ZTBkMTg4OTgyMjY0MzczYTVmMGQ0MTVlYTBkMjZlMCIsIm9iaiI6W1t7InBhdGgiOiJcL2ZcL2IyMGQyMTY3LTk5MDctNGI1Ni1iMWMyLWQ2YzE2MzZjZDQwOFwvZDk3dzAzeC03Mzg1NDAwZS1hZGNiLTRhNjAtYjY0ZS05OGE5Mzk2MmQwY2YuZ2lmIn1dXSwiYXVkIjpbInVybjpzZXJ2aWNlOmZpbGUuZG93bmxvYWQiXX0.ckGUZj_zQDtvtUZglA106wy7gOdD7u32D-opaE8J5do)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on February 28, 2024, 07:33:32 AM
https://99bitcoins.com/bitcoin-obituaries/

For all the Bitcoin bears.

If it hits golds market cap that’s a price of 650,000 a BTC still cheap right now. Get some ETF if you can’t hold actual coins.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on February 28, 2024, 07:39:41 AM
Quote from: gib on February 28, 2024, 06:47:44 AM
USD $60,000

Congrats, gib and all the others getbiggers who are invested.  I hope BTC goes to $100K and beyond.

Just a reminder though, volatility of peace:

BTC:
$64,899.00 Apr 13,2021
$35,840.96 Jun 10, 2021

$64,807.73 Nov 11, 2021
$32,933.33 Jan 23, 2022
$15,460.00 by Nov 20, 2022

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 28, 2024, 08:14:30 AM
Quote from: SouJerz on February 28, 2024, 07:33:32 AM
https://99bitcoins.com/bitcoin-obituaries/

For all the Bitcoin bears.

If it hits golds market cap that’s a price of 650,000 a BTC still cheap right now. Get some ETF if you can’t hold actual coins.

BTC will very obviously hit Gold's market cap. Its better than gold on all core metrics of money. When that will happen I am not sure. Two years? Maybe 5? Either way, mark my words, it WILL happen. Anyone except the most stubborn and bigotted remaining no-coiners should now see this trend is well underway.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on February 28, 2024, 08:22:53 AM
Quote from: loco on February 28, 2024, 07:39:41 AM
Congrats, gib and all the others getbiggers who are invested.  I hope BTC goes to $100K and beyond.

Just a reminder though, volatility of peace:

BTC:
$64,899.00 Apr 13,2021
$35,840.96 Jun 10, 2021

$64,807.73 Nov 11, 2021
$32,933.33 Jan 23, 2022
$15,460.00 by Nov 20, 2022

I'll be in for 50k if it hits $15000 again.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 28, 2024, 08:31:18 AM
Quote from: loco on February 28, 2024, 07:39:41 AM

Just a reminder though, volatility of peace:


For some of us bitcoin isn't volatile enough!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 28, 2024, 09:07:23 AM
Quote from: Flexacon on February 28, 2024, 08:31:18 AM
For some of us bitcoin isn't volatile enough!

Pretty dam volatile today innit? And the only people complaining are those not yet invested.

I can only say, to anyone, BUY. HODL.

How hard can it be? The world is slowly learning...

Bitcoin = Truth = Freedom = Prosperity.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on February 28, 2024, 09:08:21 AM
Quote from: gib on February 28, 2024, 08:14:30 AM
BTC will very obviously hit Gold's market cap. Its better than gold on all core metrics of money. When that will happen I am not sure. Two years? Maybe 5? Either way, mark my words, it WILL happen. Anyone except the most stubborn and bigotted remaining no-coiners should now see this trend is well underway.

I agree 99.9%  theres always nuclear war with russia and china.

How many BTC do you have GIB?  Cold storage on a trezor or ledger?  Or are you on an exchange binance, coinbase, kraken?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on February 28, 2024, 09:10:56 AM
https://aul.primo.exlibrisgroup.com/discovery/delivery/01AUL_INST:AUL/1297573990006836

Value of BTC if you can understand science papers.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on February 28, 2024, 09:22:19 AM
Quote from: gib on February 28, 2024, 09:07:23 AM
Pretty dam volatile today innit? And the only people complaining are those not yet invested.

I can only say, to anyone, BUY. HODL.

How hard can it be? The world is slowly learning...

Bitcoin = Truth = Freedom = Prosperity.

If were getting to 650k and then 1.5 million a coin it has to be volatile or "rubber band",   150-200k this cycle then back down to 25-45k, but as said before dont think of BTC as an investment that you plan on selling anytime soon think 5-10 years you will sell maybe even more and at that point you will only have to sell a fraction of your BTC or Satoshi's to buy a house,  HODL.   
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 28, 2024, 09:46:05 AM
Quote from: SouJerz on February 28, 2024, 09:08:21 AM
I agree 99.9%  theres always nuclear war with russia and china.

How many BTC do you have GIB?  Cold storage on a trezor or ledger?  Or are you on an exchange binance, coinbase, kraken?

76 (and a very small portion of crypto - ETH, SOL, FIL, Uniswap and Chainlink).

When I started off it was all in cold storage on a hardware wallet. 85% or so still in cold storage. The rest is spread out - some with banks who custody BTC, and yes a little on a few regulated exchanges. I also have some exposure via Microstrategy and Square, and a tiny bit in 2 of the ETFs (BlackRock and Bitwise).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on February 28, 2024, 10:13:50 AM
Quote from: gib on February 28, 2024, 09:46:05 AM
76 (and a very small portion of crypto - ETH, SOL, FIL, Uniswap and Chainlink).

When I started off it was all in cold storage on a hardware wallet. 85% or so still in cold storage. The rest is spread out - some with banks who custody BTC, and yes a little on a few regulated exchanges. I also have some exposure via Microstrategy and Square, and a tiny bit in 2 of the ETFs (BlackRock and Bitwise).


AWESOME DUDE! Crypto-millionaire!   What’s your average BTC price?

I’m spread 60/40 between BTC and ETH some micro strategy and some IBIT ETHE and BITO
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 28, 2024, 10:25:45 AM
Thanks - yes indeed. (I was already well off with successful stock and property portfolio, but yes it's nice to be a "crypto millionaire". Would have been more life changing if crypto was the only assets I had.

My journey was documented in the many posts in this thread. I started buying in the 3-5K range, leading up to the 20K peak in December 2017. I was actually on holiday during the peak and had no access to my coins, (and I reckon I would have sold some exactly on 20K if I did have). Anyhow, back from holiday, I unloaded everything at around 15K (so made a 5x return on my investment in a very short period of time).

Started buying back in again in 2019, not just with what I had, but also with additional funds over time. Hodled all the way to the peak in end of 2021, and this time did not sell the dip at all. Then timed really nicely and started accumulating Jan 2023 onwards, and also added quite hard in the months prior to the ETF approvals.

If you have not read the whole thread, suggest you do so - not for the knowledge which you surely have, but for the humor - there is some really funny stuff along the way.

Nice to meet you by the way - welcome to the thread!

 

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 28, 2024, 10:28:07 AM
Quote from: Flexacon on December 03, 2023, 03:57:49 AM
You could justifiably set your sights even higher.

It may mean nothing, but the Feds fund rate peaked and then held in early 2019 and then bitcoin went on a huge run until they started cutting. Rates have similarly peaked now and Bitcoin is moving almost identically to early 2019.

With ETFs and halving and no rate cuts for a few months it's all lining up for a big move up. Blow off top for everything until rates are cut.

(https://www.getbig.com/boards/index.php?action=dlattach;topic=574601.0;attach=1477718;image)


Fractal completed. Achievement unlocked. GG
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 28, 2024, 10:30:47 AM
Just tapped 64k but got smacked down.

69k is where the real test will be.

I’ve just seen a bunch on X get utterly annihilation Ed either being short or sidelined. Everyone was certain of a pullback.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on February 28, 2024, 10:46:26 AM
Quote from: Flexacon on February 28, 2024, 08:31:18 AM
For some of us bitcoin isn't volatile enough!

 :D

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 28, 2024, 11:53:04 AM
Quote from: Mayday on February 28, 2024, 10:30:47 AM
Just tapped 64k but got smacked down.

69k is where the real test will be.

I’ve just seen a bunch on X get utterly annihilation Ed either being short or sidelined. Everyone was certain of a pullback.

Very risky to be short on BTC. If really wanting to "trade" just move to cash.

Brutal short liquidations today. A lot of money lost by those who bet against the all might BTC.

https://www.cnbc.com/2024/02/28/bitcoin-jumps-above-60000-for-the-first-time-since-november-2021.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 28, 2024, 12:10:37 PM
Quote from: a_pupil on February 28, 2024, 08:22:53 AM
I'll be in for 50k if it hits $15000 again.
No, you won't. So many people say that. When it goes down to $15k they adjust the figure down to $5k. The lower it goes the more it affirms their position that it is going to zero.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 28, 2024, 12:26:29 PM
There are rumors that either Amazon, or Jeff Bezos personally have just started buying up major chunks of Bitcoin daily. Nothing confirmed, but it would not surprise me. If he is not already the richest man in the world, this strategy could propel him right back up to the top.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on February 28, 2024, 12:32:14 PM
Quote from: gib on February 28, 2024, 12:26:29 PM
There are rumors that either Amazon, or Jeff Bezos personally have just started buying up major chunks of Bitcoin daily. Nothing confirmed, but it would not surprise me. If he is not already the richest man in the world, this strategy could propel him right back up to the top.

I’ve been a lurker for a while.   I had bitcoins at under 900 a coin but sold at 10,000
At one point I had 600 ETH but sold those as well.  I have a few BTC and ETH not enough to retire yet but if PLAN B works out then one day I will retire with my crypto holdings. 

https://www.cryptopolitan.com/1-3b-bitcoin-purchase-by-unknown-entity/

Was this bezos or zuckerberg?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 28, 2024, 12:39:33 PM
Could well be Zuck. He's long been a Bitcoiner, and names his 2 pet goats "Max" and "Bitcoin".

His stock has also risen a lot over the last year. So yes, could well be him.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 28, 2024, 01:00:54 PM
Quote from: obsidian on February 28, 2024, 12:10:37 PM
No, you won't. So many people say that. When it goes down to $15k they adjust the figure down to $5k. The lower it goes the more it affirms their position that it is going to zero.

It’s what happened when i bought at 17.5k, everyone on here wanted 12k. It dropped to 15.5k after I bought but still nobody jumped in.

Going to be interesting what ETH does if BTC breaks the ATH. As far as I see it we have billions going into the ETF driving up price but I assume that money won’t rotate out unlike other cycles.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 28, 2024, 02:15:29 PM
Quote from: Mayday on February 28, 2024, 01:00:54 PM
It’s what happened when i bought at 17.5k, everyone on here wanted 12k. It dropped to 15.5k after I bought but still nobody jumped in.

Going to be interesting what ETH does if BTC breaks the ATH. As far as I see it we have billions going into the ETF driving up price but I assume that money won’t rotate out unlike other cycles.
ETH is up 64% the past 3 months. BTC is up 63%. I think the money will rotate to other coins. There's only so much you can make with BTC. Doge pumped hard the past day or so.

Let's say the crypto market cap goes to $10 trillion. If BTC maintains a 50% dominance, then the other $5 trillion goes to alts. ETH might go back to a 20% dominance, if only for a day or so. That gives ETH a market cap of $2 trillion. Let's assume 120 million ETH.  That gets the ETH price to $16.6k.

There are rumors the SEC will meet with ETH Spot ETF applicants in March. It's not 100% guaranteed the ETH Spot EFTs are approved. More unlikely compared to BTC.

But there's lots of stuff that could happen to prevent this. Perhaps nukes are used in the Russia / NATO arena? Time will tell.

https://crypto.news/spot-ethereum-etf-issuers-sec-march/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on February 28, 2024, 02:19:40 PM
Quote from: gib on February 28, 2024, 12:39:33 PM
Could well be Zuck. He's long been a Bitcoiner, and names his 2 pet goats "Max" and "Bitcoin".

His stock has also risen a lot over the last year. So yes, could well be him.

Here's an interesting thing my friend said about BTC, in regards to when i mentioned El Salvador buying bitcoins and accepting it as currency.

He goes the real issue will be when the first country figures out they can Print paper currency and then BUY Bitcoin with it.  Any opinions?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 28, 2024, 02:25:00 PM
Quote from: SouJerz on February 28, 2024, 02:19:40 PM
Here's an interesting thing my friend said about BTC, in regards to when i mentioned El Salvador buying bitcoins and accepting it as currency.

He goes the real issue will be when the first country figures out they can Print paper currency and then BUY Bitcoin with it.  Any opinions?
The BTC price will drive up and their currency will go to almost zero. It might also not be easy to fill an order of 5,000 or 10,000 BTC.

What would happen if the governments printed a lot of cash just to buy Bitcoin?
https://www.reddit.com/r/Bitcoin/comments/rq6dbd/what_would_happen_if_the_governments_printed_a/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on February 28, 2024, 02:26:54 PM
Quote from: obsidian on February 28, 2024, 02:15:29 PM
ETH is up 64% the past 3 months. BTC is up 63%. I think the money will rotate to other coins. There's only so much you can make with BTC. Doge pumped hard the past day or so.

Let's say the crypto market cap goes to $10 trillion. If BTC maintains a 50% dominance, then the other $5 trillion goes to alts. ETH might go back to a 20% dominance, if only for a day or so. That gives ETH a market cap of $2 trillion. Let's assume 120 million ETH.  That gets the ETH price to $16.6k.

There are rumors the SEC will meet with ETH Spot ETF applicants in March. It's not 100% guaranteed the ETH Spot EFTs are approved. More unlikely compared to BTC.

But there's lots of stuff that could happen to prevent this. Perhaps nukes are used in the Russia / NATO arena? Time will tell.

https://crypto.news/spot-ethereum-etf-issuers-sec-march/


What is your timeline?  Are you looking for short term gains this year, sure bet on the Altcoins, 99% of wealth isn't owned buy 1% of the population because the average american is intelligent.  Retail investors will once again buy altcoins and be left holding the bag your job is to pick an ROI and eject at that number IF it gets there.  BTC is the long term bet.  I dont understand why .000000000005 is such an appetizing price for people?  It all depends on how much you invest.   10,000.00 into .000000000000005 a coin is just the same as 10,000 into bitcoin, unless you think you know which one is going to randomly 10x this year which will happen with some altcoins not many but some should, tons of risk because most alts will eventually go to zero.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 28, 2024, 02:42:19 PM
Quote from: SouJerz on February 28, 2024, 02:26:54 PM

What is your timeline?  Are you looking for short term gains this year, sure bet on the Altcoins, 99% of wealth isn't owned buy 1% of the population because the average american is intelligent.  Retail investors will once again buy altcoins and be left holding the bag your job is to pick an ROI and eject at that number IF it gets there.  BTC is the long term bet.  I dont understand why .000000000005 is such an appetizing price for people?  It all depends on how much you invest.   10,000.00 into .000000000000005 a coin is just the same as 10,000 into bitcoin, unless you think you know which one is going to randomly 10x this year which will happen with some altcoins not many but some should, tons of risk because most alts will eventually go to zero.
You're getting caught in the price of BTC. Zoom out 5 years. The past 5 years, BTC is up 1,492%. ETH is up 2,360%. BNB is up 4,056%. Doge is up 5,685%.

This is even after Doge dumped over 90% from its ATH of +70 cents. Is 5 years a short time frame?

It's a given that BTC will drop less than the other cryptos in a bear market. In a bull market BTC will not be the fastest horse in the race because of its market cap. It takes less money to move the needle on a smaller crypto like Doge. It can pump a huge amount in a short time frame. A BTC whale could decide to make some easy money with Doge by dropping some action into it.

Ivan Tech likes to say: "Don't marry your crypto, date it". I will be using his advice. You can make money on alts, just be sure to sell when the time is right and go into BTC, ETH, property or whatever floats your boat. The trick is finding the right time to sell. Greed can be an albatross around your neck holding you back. That's what prevented me from selling my Doge bags when I should have. Big daddy BTC also dumped like a mofo from $68k to 15.8k. Let's not forget that all cryptos are volatile, including BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 28, 2024, 02:55:48 PM
^^^^^^^^^^^^^
Doge is now at 11.5 cents, down from its ATH of 75 cents. That's an 84.66% crash, as of today. And even then it is still up +5,600% from its price 5 years ago.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 28, 2024, 02:59:51 PM
Quote from: obsidian on February 28, 2024, 02:15:29 PM
ETH is up 64% the past 3 months. BTC is up 63%. I think the money will rotate to other coins. There's only so much you can make with BTC. Doge pumped hard the past day or so.

Let's say the crypto market cap goes to $10 trillion. If BTC maintains a 50% dominance, then the other $5 trillion goes to alts. ETH might go back to a 20% dominance, if only for a day or so. That gives ETH a market cap of $2 trillion. Let's assume 120 million ETH.  That gets the ETH price to $16.6k.

There are rumors the SEC will meet with ETH Spot ETF applicants in March. It's not 100% guaranteed the ETH Spot EFTs are approved. More unlikely compared to BTC.

But there's lots of stuff that could happen to prevent this. Perhaps nukes are used in the Russia / NATO arena? Time will tell.


ETH is gonna be fine whatever happens. You'll get 10K minimum either this year or next.

ETF with staking is the most bullish scenario, but unlikely to be approved.
ETF without staking keeps things ticking along. Looks the most likely.
No ETF will cause an ETH sell off, but the dip will be bought hard and ETH still has plenty of other bullish catalysts

Quote from: obsidian on February 28, 2024, 02:55:48 PM
^^^^^^^^^^^^^
Doge is now at 11.5 cents, down from its ATH of 75 cents. That's an 84.66% crash, as of today. And even then it is still up +5,600% from its price 5 years ago.

Doge did pretty well recently, but it looks like VCs and WS degens have chosen PEPE and WIF as this cycles memecoins. I got on WIF early and it's already x8 and still hasn't been listed on tier 1 exchanges. If you have any SOL on the network roll it into WIF. It will outperform it by multiples.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 28, 2024, 03:05:31 PM
Quote from: SouJerz on February 28, 2024, 02:19:40 PM
Here's an interesting thing my friend said about BTC, in regards to when i mentioned El Salvador buying bitcoins and accepting it as currency.

He goes the real issue will be when the first country figures out they can Print paper currency and then BUY Bitcoin with it.  Any opinions?

Wait until your friend finds out about the Tether printer LMAO
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on February 28, 2024, 04:04:14 PM
Quote from: obsidian on February 28, 2024, 02:55:48 PM
^^^^^^^^^^^^^
Doge is now at 11.5 cents, down from its ATH of 75 cents. That's an 84.66% crash, as of today. And even then it is still up +5,600% from its price 5 years ago.

Godspeed
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: jude2 on February 28, 2024, 04:56:06 PM
Quote from: obsidian on February 28, 2024, 02:55:48 PM
^^^^^^^^^^^^^
Doge is now at 11.5 cents, down from its ATH of 75 cents. That's an 84.66% crash, as of today. And even then it is still up +5,600% from its price 5 years ago.
I just sold all of my Doge for since it was up today.  Still lost 5k with it. Stupid investment for me. Thank God I made some money back on ETH.  Still getting my ass handed to me with ETH classic.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 28, 2024, 05:10:38 PM
Quote from: Flexacon on February 28, 2024, 03:05:31 PM
Wait until your friend finds out about the Tether printer LMAO

Fed said Tether was 14% backed. What happens if the US took down Tether but not USDC? Apparently there is a shitload of people in USDT earning yield.

Quote from: jude2 on February 28, 2024, 04:56:06 PM
I just sold all of my Doge for since it was up today.  Still lost 5k with it. Stupid investment for me. Thank God I made some money back on ETH.  Still getting my ass handed to me with ETH classic.

DOGE is a lagging token so seems to fire up only at the very end.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 28, 2024, 05:35:45 PM
Quote from: Mayday on February 28, 2024, 05:10:38 PM
Fed said Tether was 14% backed. What happens if the US took down Tether but not USDC? Apparently there is a shitload of people in USDT earning yield.

DOGE is a lagging token so seems to fire up only at the very end.

Tether bought nation sized allotment of US T-Bills ($72.5B) to try stay in their good graces. Also the 2 main characters walked away.The black swan scenario with Tether is basically off the table now.

They still want them gone/neutered though. The FUD campaign probably ramps up around the time Circle/USDC IPOs

The tin foil rumour is JPMorgan wants to launch and be the main USD stable in crypto one day.

Those who want similar stable coin type yield probably end up at Ethena USDe  (27% right now). That probably ends in tears in a bear market.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on February 28, 2024, 05:39:04 PM
Quote from: Flexacon on February 28, 2024, 02:59:51 PM
ETH is gonna be fine whatever happens. You'll get 10K minimum either this year or next.

ETF with staking is the most bullish scenario, but unlikely to be approved.
ETF without staking keeps things ticking along. Looks the most likely.
No ETF will cause an ETH sell off, but the dip will be bought hard and ETH still has plenty of other bullish catalysts

Doge did pretty well recently, but it looks like VCs and WS degens have chosen PEPE and WIF as this cycles memecoins. I got on WIF early and it's already x8 and still hasn't been listed on tier 1 exchanges. If you have any SOL on the network roll it into WIF. It will outperform it by multiples.


any opinions on the .58 ratio recently of  ETH/BTC,  i kind of like to buy ether when its below that ratio and bitcoin when its above.  going back and forth.
You think the Ether ETF's will not get approved due to staking? or is there away around that for black rock and others?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 28, 2024, 06:07:36 PM
Quote from: SouJerz on February 28, 2024, 05:39:04 PM

any opinions on the .58 ratio recently of  ETH/BTC,  i kind of like to buy ether when its below that ratio and bitcoin when its above.  going back and forth.
You think the Ether ETF's will not get approved due to staking? or is there away around that for black rock and others?

The consensus amongst the Bloomberg ETF experts (they were spot on with the BTC ETF) is that ETH spot ETF with access to staking yields will not approved.

During the meeting the have scheduled next month they will ask ETF applicants to make amendments removing staking yields. Experts give this amended ETF a 70% of approval. Some say 99% because Blackrock are involved.

So basically you will be able to buy ETH ETF but not collect staking yield which makes the ETH ETF product a lot less attractive than holding spot ETH and staking.

I personally wouldn't bother trading between ETH/BTC right now because you could probably make better gains sticking with one and doing nothing.

Either go with BTC and feel safe and comfortable and enjoy the ride, or take on a bit more risk and go with ETH, stake and restake it and collect Eigen points plus various other yields and accept the ETF volatility. If you're in ETH and not staking/restaking you're basically handicapping your potential gains.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: BEEFCAKE on February 28, 2024, 06:07:53 PM
.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on February 28, 2024, 10:05:31 PM
Quote from: Flexacon on February 28, 2024, 06:07:36 PM
The consensus amongst the Bloomberg ETF experts (they were spot on with the BTC ETF) is that ETH spot ETF with access to staking yields will not approved.

During the meeting the have scheduled next month they will ask ETF applicants to make amendments removing staking yields. Experts give this amended ETF a 70% of approval. Some say 99% because Blackrock are involved.

So basically you will be able to buy ETH ETF but not collect staking yield which makes the ETH ETF product a lot less attractive than holding spot ETH and staking.

I personally wouldn't bother trading between ETH/BTC right now because you could probably make better gains sticking with one and doing nothing.

Either go with BTC and feel safe and comfortable and enjoy the ride, or take on a bit more risk and go with ETH, stake and restake it and collect Eigen points plus various other yields and accept the ETF volatility. If you're in ETH and not staking/restaking you're basically handicapping your potential gains.

How would you go about staking your ether.
If you don’t kind sharing your opinion.

Or should I read this whole thing?
https://cointelegraph.com/learn/ethereum-2-0-staking-a-beginners-guide-on-how-to-stake-eth
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 28, 2024, 11:40:40 PM
Quote from: SouJerz on February 28, 2024, 10:05:31 PM
How would you go about staking your ether.
If you don’t kind sharing your opinion.

Or should I read this whole thing?
https://cointelegraph.com/learn/ethereum-2-0-staking-a-beginners-guide-on-how-to-stake-eth
If you have 32 ETH you could solo stake. But it is technical and if you configure your validator wrong or it is not online 24/7 your holdings could be slashed via a penalty. There's also a staking / unstaking que that's long.

Liquid staking is a better option via Lido. I am staking ETH on Binance.Us and also Coinbase. Note that some crypto influencers feel that staking in a bull market is not the best idea because you can't sell the ETH tokens when a price reaches a point you like. Let's say ETH hits $5,000 and you want to sell some. If it is locked up in staking you can't.

Also note that with any centralized exchange, you are at risk of losing your crypto. I believe your ETH will get slashed if Coinbase fucks up with their validator configs. So it is a risk any way you look at it.

I plan on unstaking some ETH to allow me to sell when I want. I unstaked BNB recently for this reason, and the APY was not that high anyways, around 1.59%. I have not sold yet, still waiting. I am losing some staking yields sure. I just don't want to be locked up if things go nuts with the prices. Keep that in mind before you stake. If you don't plan on realizing any gains this time around then staking is the way to go.

https://www.reddit.com/r/ethstaker/comments/14d7ruh/solo_staking_is_35_more_profitable_than_staking/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on February 29, 2024, 06:00:01 AM
Quote from: obsidian on February 28, 2024, 11:40:40 PM
If you have 32 ETH you could solo stake. But it is technical and if you configure your validator wrong or it is not online 24/7 your holdings could be slashed via a penalty. There's also a staking / unstaking que that's long.

Liquid staking is a better option via Lido. I am staking ETH on Binance.Us and also Coinbase. Note that some crypto influencers feel that staking in a bull market is not the best idea because you can't sell the ETH tokens when a price reaches a point you like. Let's say ETH hits $5,000 and you want to sell some. If it is locked up in staking you can't.

Also note that with any centralized exchange, you are at risk of losing your crypto. I believe your ETH will get slashed if Coinbase fucks up with their validator configs. So it is a risk any way you look at it.

I plan on unstaking some ETH to allow me to sell when I want. I unstaked BNB recently for this reason, and the APY was not that high anyways, around 1.59%. I have not sold yet, still waiting. I am losing some staking yields sure. I just don't want to be locked up if things go nuts with the prices. Keep that in mind before you stake. If you don't plan on realizing any gains this time around then staking is the way to go.

https://www.reddit.com/r/ethstaker/comments/14d7ruh/solo_staking_is_35_more_profitable_than_staking/


Thanks for all the info!


What do you recommend for cold storage?  Trezor?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 29, 2024, 09:45:49 AM
Quote from: SouJerz on February 28, 2024, 10:05:31 PM
How would you go about staking your ether.
If you don’t kind sharing your opinion.

Or should I read this whole thing?
https://cointelegraph.com/learn/ethereum-2-0-staking-a-beginners-guide-on-how-to-stake-eth

Best to read it yourself so you understand the risks involved. Also make sure you're eligible for eigen points with whichever protocol you use.

Trezor over Ledger as Ledger developers have fuked up far too many times.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 29, 2024, 11:49:14 AM
Update on 2 rumors.

1 - that Bezos is buying up BTC big. He was last week seen on his boat with Michael Saylor, so very likely he is a Bitcoiner and sees the future.

2 - that Bezos is buying Filecoin. He fully understands data storage, and he knows Filecoin will eat Amazon's juicy margins. If you can't beat em, join em.

I know neither with certainty, but at the same time, the info comes from reasonably smart people who have a sense of these types of things.

So, take it with a grain of salt, always be skeptical, due your own research - but do give my points above some thought (and remember where you head this first).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on February 29, 2024, 01:32:51 PM
I’m split 60/40 Bitcoin/ether right now.  On the fence about waiting for ether ETF to come out. IF it does price should shoot up relative to Bitcoin meaning the ETH/BTC ratio goes over .58 hopefully as close to .70 as possible and either sell my ETH and buy BTC or convert ETH all to BTC.  ULTIMATELY I understand it comes down to the choice I make but would love to hear opinions on what you guys would do and gals if there’s any into crypto.  I heard satoshi is female and actually used to work for the CIA.  Also isn’t the USA the largest known holder of BTC through confiscations?  Obviously China is a giant holder through back channel purchases.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 29, 2024, 06:03:51 PM
Quote from: gib on February 29, 2024, 11:49:14 AM
Update on 2 rumors.

1 - that Bezos is buying up BTC big. He was last week seen on his boat with Michael Saylor, so very likely he is a Bitcoiner and sees the future.

2 - that Bezos is buying Filecoin. He fully understands data storage, and he knows Filecoin will eat Amazon's juicy margins. If you can't beat em, join em.

I know neither with certainty, but at the same time, the info comes from reasonably smart people who have a sense of these types of things.

So, take it with a grain of salt, always be skeptical, due your own research - but do give my points above some thought (and remember where you head this first).


Same Bullrun playbook as 2021. It was a ongoing joke on Twitter among influencers to see who could begin a rumour and get it into national media. The Apple buying rumour was reported by CNBC but it all started as a joke. I saw many of them unfold. XRP and Japanese banks was a massive doozy aswell.

The thing that matters right now is the ETF flow stays turned on.

I gave a family member 1 ETH near the top in 2021. I tried to convince him to buy in more at 17.5k with me and at Lows of a few others, he said he will trade instead. He lost it all and more.

Now at 62k he calls and is thinking of getting 20k of BTC but wants to wait for a pullback….. I told him it has legs so at 62k you’re kind of fucked still sidelined. It might go to 76k and you’ll shit and FOMO buy or you’ll wait for 30k or 42k and it’ll pullback to 53k, reverse and you’ll FOMO at 96k lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 29, 2024, 06:14:52 PM
Gas fees exploding already…….

ETH isn’t even near ATH yet and it can’t cope lol.

*EDIT* just did 2 transaction on oneinch and copped around USD60 in fees.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 01, 2024, 09:36:34 AM
The Bezos rumour was doing the rounds at the end of last year after Saylor was a guest at a birthday party for the new woman Bezos is with. Rumour picked up moment again after Bezos starting selling Amazon stock.

Another rumour/prediction doing the rounds is that another Nation state/Government is buying.

And the most ridiculous rumour of the lot is that the Vanguard CEO is stepping down from his job for shunning bitcoin.

Actual real news, Merrill Lynch and Wells Fargo have started offering the ETFs to their clients. That's several $trillions more of AUM that will now have access to the ETFs
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 01, 2024, 03:12:30 PM
Quote from: Flexacon on March 01, 2024, 09:36:34 AM
The Bezos rumour was doing the rounds at the end of last year after Saylor was a guest at a birthday party for the new woman Bezos is with. Rumour picked up moment again after Bezos starting selling Amazon stock.

Another rumour/prediction doing the rounds is that another Nation state/Government is buying.

And the most ridiculous rumour of the lot is that the Vanguard CEO is stepping down from his job for shunning bitcoin.

Actual real news, Merrill Lynch and Wells Fargo have started offering the ETFs to their clients. That's several $trillions more of AUM that will now have access to the ETFs


Like El Salvador?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 01, 2024, 04:35:44 PM
Quote from: SouJerz on March 01, 2024, 03:12:30 PM

Like El Salvador?

Bigger/more wealthy. Middle Eastern possibly.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 01, 2024, 06:46:03 PM
Quote from: Flexacon on March 01, 2024, 04:35:44 PM
Bigger/more wealthy. Middle Eastern possibly.
Isn’t the USA The biggest BTC holder due to confiscation?  And clearly China buying underground.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 01, 2024, 06:55:02 PM
Quote from: SouJerz on March 01, 2024, 06:46:03 PM
Isn’t the USA The biggest BTC holder due to confiscation?  And clearly China buying underground.

Yeah, the biggest government holding, although they are due to sell a good chunk of it this year. Also some former Eastern block European countries hold large quantities.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 01, 2024, 08:34:50 PM
Seems like meme and alts are gonna rally now.  Pepe, shib, doge, never understood the allure? Gambling?  Super low price? 

https://coin360.com/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 02, 2024, 12:57:18 AM
Quote from: SouJerz on March 01, 2024, 08:34:50 PM
Seems like meme and alts are gonna rally now.  Pepe, shib, doge, never understood the allure? Gambling?  Super low price? 

https://coin360.com/
People become attached to the Meme. The meme is what gives it value. Shiba is up 74% the past 24 hours! Doge is up 22%. Doge is now finally at 15 cents again. Some influencers reckon $1 might be in the cards for Doge this time around. If X starts accepting Doge it will probably go past $1. The only issue is Doge has a relatively high inflation rate. But the supply of Doge is a lot less than the USD - lol!

https://en.wikipedia.org/wiki/Dogecoin

Dogecoin started with a supply limit of Ð100 billion, which would have been far more coins than the top digital currencies were then allowing. By mid-2015, the 100 billionth Dogecoin had been mined, with an additional Ð5 billion put into circulation every year thereafter. Although there is no theoretical supply limit, at this rate, the number of Dogecoins put into circulation will only double in 20 years (the next doubling will occur in the year 2075). There is no implemented hard cap on the total supply of Dogecoins. Nonetheless, in February 2014, Dogecoin founder Jackson Palmer announced that the limit would be removed in an effort to create a consistent reduction of its inflation rate over time.[61] In other words, the inflation rate improves over time starting at 5% in 2015 to less than 4% by 2019, 3% by 2027, and 2% by 2035.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 02, 2024, 12:58:56 AM
Quote from: SouJerz on February 28, 2024, 04:04:14 PM
Godspeed
Thanks. I bought Doge when it was around 2 cents. My Doge is all house money.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 02, 2024, 01:05:14 AM
Quote from: gib on February 29, 2024, 11:49:14 AM
Update on 2 rumors.

1 - that Bezos is buying up BTC big. He was last week seen on his boat with Michael Saylor, so very likely he is a Bitcoiner and sees the future.

2 - that Bezos is buying Filecoin. He fully understands data storage, and he knows Filecoin will eat Amazon's juicy margins. If you can't beat em, join em.

I know neither with certainty, but at the same time, the info comes from reasonably smart people who have a sense of these types of things.

So, take it with a grain of salt, always be skeptical, due your own research - but do give my points above some thought (and remember where you head this first).
Ever heard of Siacoin? It is a storage coin like Filecoin, only years ahead in development. I got into SIA back in 2017. Converted it all to BNB back in 2021.

https://www.reddit.com/r/siacoin/comments/mixwb2/who_is_actually_ahead_in_development_siacoin_or/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 02, 2024, 09:53:46 AM
Quote from: obsidian on March 02, 2024, 01:05:14 AM
Ever heard of Siacoin? It is a storage coin like Filecoin, only years ahead in development. I got into SIA back in 2017. Converted it all to BNB back in 2021.

https://www.reddit.com/r/siacoin/comments/mixwb2/who_is_actually_ahead_in_development_siacoin_or/

Storj is another similar project, and so is the Graph (GRT) which is newer, shinier and exposed to other narratives. This would be my pick as the winner of this cycle at least.

Good article that compares 3 of these projects.

https://academy.youngplatform.com/en/blockchain/what-is-cloud-storage-ipfs-filecoin-storj-the-graph/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 03, 2024, 06:47:53 AM
Quote from: SouJerz on February 29, 2024, 01:32:51 PM
I’m split 60/40 Bitcoin/ether right now.  On the fence about waiting for ether ETF to come out. IF it does price should shoot up relative to Bitcoin meaning the ETH/BTC ratio goes over .58 hopefully as close to .70 as possible and either sell my ETH and buy BTC or convert ETH all to BTC.  ULTIMATELY I understand it comes down to the choice I make but would love to hear opinions on what you guys would do and gals if there’s any into crypto.  I heard satoshi is female and actually used to work for the CIA.  Also isn’t the USA the largest known holder of BTC through confiscations?  Obviously China is a giant holder through back channel purchases.

Anyone with 2 cents to add?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 03, 2024, 09:30:34 AM
Quote from: Flexacon on March 02, 2024, 09:53:46 AM
Storj is another similar project, and so is the Graph (GRT) which is newer, shinier and exposed to other narratives. This would be my pick as the winner of this cycle at least.

Good article that compares 3 of these projects.

https://academy.youngplatform.com/en/blockchain/what-is-cloud-storage-ipfs-filecoin-storj-the-graph/

There are big differences between some of these projects and FILECOIN.

FIL does not seek to store data on the blockchain. Rather, it stores data in a secure and decentralized manner across global storage providers at the lowest cost (ie liternally 99% cheaper than you would pay for Amazon or Google or Microsoft). FIL also have the largest usage, and by far the largest scale of adoption. And FIL is actually already profitable, making money each day.

You may well see MASSIVE scale.adoption and use of this network in the decade ahead. The storage demands of AI in the decade ahead will be huge, and AI will automatically plug in to FIL over time.

Take a look at the current price graph - it is poised to pump.

To learn a little more on why its so revolutionary and so important see: https://filecointldr.io/

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 03, 2024, 09:38:08 AM
Quote from: SouJerz on February 29, 2024, 01:32:51 PM
I’m split 60/40 Bitcoin/ether right now.  On the fence about waiting for ether ETF to come out. IF it does price should shoot up relative to Bitcoin meaning the ETH/BTC ratio goes over .58 hopefully as close to .70 as possible and either sell my ETH and buy BTC or convert ETH all to BTC.  ULTIMATELY I understand it comes down to the choice I make but would love to hear opinions on what you guys would do and gals if there’s any into crypto.  I heard satoshi is female and actually used to work for the CIA.  Also isn’t the USA the largest known holder of BTC through confiscations?  Obviously China is a giant holder through back channel purchases.

I'll comment (since you are asking for feedback).

For technical and technological reasons, not to mention economic and philosophical reasons, personally I would be more weighted to BTC (say 85 or 90%), and the rest ETH, SOL, and FIL and whatever other alts you want to dabble with.

The big risk for ETH is that the ETFs will not be approved as some hope, leading to immediate disappointment and selloff. Personally, I just can't see how the SEC can approve what is obviously an unregistered security. (Having said, that, the consensus view from numerous experts is that the chance of an approval is relatively high). 

We are also seeing many of ETH's most desired features being built on BTC as a base layer, and then also ETH having its lunch eaten in terms of speed and efficiency by Solana. Eth no longer has the "better alternative to digital money than BTC" narrative, so it's kind of stuck in between a rock and a hard place with SOL.

Many in Wall St in finance are now also incentivised to back BTC, and nothing else. Game theory at play, and so this could also hurt ETH.

Yes, I am sure that the Chinese and Russian leaders (and indeed many communist/terrorist countries), North Korea, Iran, etc are accumulating. Various divisions of the US Govt are of course doing likewise. All of which is good for Bitcoin, as demand with a fixed supply = increase in price.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 03, 2024, 11:12:31 AM
Quote from: gib on March 03, 2024, 09:30:34 AM

You may well see MASSIVE scale.adoption and use of this network in the decade ahead.

Take a look at the current price graph - it is poised to pump.

To learn a little more on why its so revolutionary and so important see: https://filecointldr.io/

Almost everything has pumped or is poised to pump/pump some more. FIL in terms of pumponomics is a laggard though. It is a 3rd cycle coin full of bag holders who will look to dump. It's also been heavily diluted in the bear market. None of this is conducive to face melting pumps. This is why my point was something newer and shinier will do better for now.

Quote
The big risk for ETH is that the ETFs will not be approved as some hope, leading to immediate disappointment ans selloff. We are also seeing many of ETH's most desired features being built on BTC as a base layer, and then ETH having its lunch eaten in terms of speed and efficiency by Solana. Eth no longer has the "alternative to digital money of BTC" narrative, so its kind of stuck in between a rock and a hard place.

I agree holding ETH (and not staking) is not a good move right now as an ETH sell off will probably happen both with or without an ETF approval.

As for ETH having its lunch eaten, yes I agree with that too, but it will for the most part be eaten by Ethereum layer 2s. Also ETHs most bullish catalyst isn't the ETF it's Eigen Layer. And FYI since the BTC ETF approval ETH has out performed BTC.

Quote
Many in Wall St in finance are now also incentivised to back BTC, and nothing else. Game theory.

My take is very different..

ETFs care about volume and collecting fees, not about picking winners and losers. On exchanges ETH does about 1/3 the volume of BTC. If that 1/3 volume translates to ETFs then it's would be a huge win for ETF providers. They are not incentivised to pick a winner here, they are incentivised to have both.

As for ALTs, well Uniswap which is US based has always said they wouldn't distribute the governance fees they collect to token holders/stakers because of regulatory concerns (the whole token/security debate). They have now reversed this decision and are putting to vote a proposal to redistribute fees. I don't think they'd do this if they didn't have some kind of regulatory clarity on this issue. The exact details just have not been publicly announced yet, but it would potentially be a win for crypto/Alts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 03, 2024, 01:33:09 PM
So if i do decide to pull the trigger and convert some of my Ether into BTC any opinions on the best way to do that?  I am thinking send my ether to Kraken or maybe a different exchange and use the converter from Eth to BTC?  Or would it be wiser to sell my Ether and then Buy BITCOIN with the cash?  THe current exchange i am on has high fees (compared to other exchanges) so im thinking Kraken is the way to go or is there a recommended exchange to use that has lower fees yet is known and safe, Im a little iffy about using binance.

my friend recommended SWAN or RIVER haven't really heard of either but this is the friend who told me to buy BTC and ETH back in 2016 so his advice has paid off in the past.   AS always i appreciate everyones two cents whether i decided to use your advice or not always falls on my shoulders.

Personally i am leaning towards Kraken but would love to hear opinions.  I also have  TREZOR for cold storage.


FUDGE I just realized if I swap crypto I’m going to get hit with capital gains taxes!!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 03, 2024, 03:04:58 PM
Quote from: gib on March 03, 2024, 09:38:08 AM

We are also seeing many of ETH's most desired features being built on BTC as a base layer, and then also ETH having its lunch eaten in terms of speed and efficiency by Solana. Eth no longer has the "better alternative to digital money than BTC" narrative, so it's kind of stuck in between a rock and a hard place with SOL.

That's a joke. There are a lot more great developers working on ETH compared to BTC. And ETH has needed years of development to get to where it is now with a decentralized and secure way to accomplish DEFI. BTC is years behind and slower than ETH. The Lightning network is apparently a mess. The ordinals was an accidental development due to the incompetence of BTC developers.

Solana L1 is faster but prone to shutdowns. And its tokenomics is not great. They give stakers yield by printing more SOL. So while people think their transactions are cheap, the inflationary nature of SOL means their holdings are diluted, similar to the USD.

I personally think ETH will outperform BTC in this bull run. ETH initially also held better than BTC in the previous bull run. It was holding steady when BTC started dropping, which dragged ETH down eventually.

I am bullish on ETH and always will be. It gives yield and is deflationary. It's  deflation rate was around -1% the past 7 days. Soon the supply will dip below 120 million ETH. It remains to be seen how the Dencun upgrade will affect the burning mechanism.

https://ultrasound.money/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 03, 2024, 03:17:43 PM
Quote from: Flexacon on March 03, 2024, 11:12:31 AM

As for ETH having its lunch eaten, yes I agree with that too, but it will for the most part be eaten by Ethereum layer 2s. Also ETHs most bullish catalyst isn't the ETF it's Eigen Layer. And FYI since the BTC ETF approval ETH has out performed BTC.

Now add in the 3.5% ETH staking yield. At current prices BTC is up 59% the past 3 months. And ETH is up 60%. But if you're staking then that number might as well be 63.5%.

https://www.reddit.com/r/ethereum/comments/15qy0g9/whats_the_advantage_for_ethereum_to_scale_through/

Regarding the parasitic nature of Ethereum L2s on L1:

https://mirror.xyz/0xf60c678dAb84CE6285E23C078912066B1B267f42/fw_kJ16GoYz8zdOtfoFfFFzVfWGm7ZyYMXYZCzbhkUY

With L2s being cheaper to use, everyone will move away from L1, reducing the price of ETH

This seems to the be the most common anti-rollup argument, but people forget: this is the goal! Vitalik Buterin has clearly stated that after the Surge (the 2nd stage of the upgrade), Ethereum should ideally serve only as the consensus and data availability layer, with all executions taking place on Layer 2 scaling solutions, specifically rollups. But what about all the gas? Yes, Ethereum will no longer earn gas fees from users if they transact on L2s, but remember that the L2s themselves have to settle on the L1 mainchain, and that costs gas too.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 03, 2024, 03:30:59 PM
Quote from: gib on March 03, 2024, 09:30:34 AM
There are big differences between some of these projects and FILECOIN.

FIL does not seek to store data on the blockchain. Rather, it stores data in a secure and decentralized manner across global storage providers at the lowest cost (ie liternally 99% cheaper than you would pay for Amazon or Google or Microsoft). FIL also have the largest usage, and by far the largest scale of adoption. And FIL is actually already profitable, making money each day.

You may well see MASSIVE scale.adoption and use of this network in the decade ahead. The storage demands of AI in the decade ahead will be huge, and AI will automatically plug in to FIL over time.

Take a look at the current price graph - it is poised to pump.

To learn a little more on why its so revolutionary and so important see: https://filecointldr.io/
I'll take a look at FILECOIN. I got into SIACOIN in 2017 but the interface was weird at the time. You had to jump through hoops to get it in a wallet - I don't recall that Binance offered it at the time. But it all worked and the transfers were fast. I had the tokens in a local wallet on my hard drive. Eventually I was able to transfer it to Binance and converted to BNB.

https://www.ultraupdates.com/2023/05/siacoin-vs-filecoin-which-is-more-promising/

Siacoin Vs. Filecoin: Which Is Better For File Storage?
When it comes to file storage, both Siacoin and Filecoin have their own advantages and disadvantages. Siacoin is cheaper than Filecoin, which makes it an attractive option for individuals and small businesses. However, Siacoin’s network is relatively small, which means that it may not be able to handle large amounts of traffic.

Filecoin, on the other hand, offers a higher level of redundancy and flexibility in terms of storage providers. This makes it a better option for larger businesses and organizations that require a high level of reliability and scalability.

Siacoin Vs. Filecoin: Which Has A More Promising Future?
When it comes to the future potential of Siacoin and Filecoin, there are several factors to consider. Siacoin has been around for longer than Filecoin and has a more established user base. Additionally, Siacoin has a more active development team, which means that the platform is constantly improving and evolving.

Filecoin, on the other hand, has the backing of some of the biggest names in the cryptocurrency industry, including Winklevoss Capital and Sequoia Capital. This gives it a significant advantage when it comes to attracting investment and developing partnerships.

Conclusion
Both Siacoin and Filecoin have their own strengths and weaknesses. Siacoin is cheaper and offers a high level of security, while Filecoin offers a higher level of redundancy and flexibility. Ultimately, the choice between the two will depend on your specific needs and use case.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 03, 2024, 03:33:35 PM
So some are bullish ether while others are bearish hopefully the bulls win because I’m no longer considering swapping my ETH for BTC due to capital gainz taxes.  I guess I need to stack more BTC to get up to an 80/20 split.

What exchanges do you all like for buying crypto?

Kraken? Coinbase? Swan? River? Binance?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 03, 2024, 03:34:44 PM
Memes pumped hard.

DOGE up 80% the past 3 months.
SHIBA up 164 % the past 3 months.
PEPE up 403% in the same period.

Notice the smaller market caps pumping harder. It's easier for them to go up because of this. This is why Solana can outperform Ethereum and Ethereum can outperform Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 03, 2024, 03:41:06 PM
Quote from: SouJerz on March 03, 2024, 03:33:35 PM
So some are bullish ether while others are bearish hopefully the bulls win because I’m no longer considering swapping my ETH for BTC due to capital gainz taxes.  I guess I need to stack more BTC to get up to an 80/20 split.

What exchanges do you all like for buying crypto?

Kraken? Coinbase? Swan? River? Binance?
Yes, that's a good point. And if you do decide to take profits, make sure you immediately pay the capital gains tax (guess 20% for long term capital gains) and hold some of the USD profits back as well. In the previous bull run I made the mistake of doing trades and never keeping the USD profits in a bank account. I went straight back into crypto with the profits.  So I had to pay taxes on USD gains that I never really realized since the tokens dumped the following year and I never kept the USD. I won't make that mistake again.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 03, 2024, 03:43:07 PM
Quote from: SouJerz on March 03, 2024, 03:33:35 PM
So some are bullish ether while others are bearish hopefully the bulls win because I’m no longer considering swapping my ETH for BTC due to capital gainz taxes.  I guess I need to stack more BTC to get up to an 80/20 split.

What exchanges do you all like for buying crypto?

Kraken? Coinbase? Swan? River? Binance?
I only have experience with Coinbase, which worked well at the time. Last time I bought any cryptos was in late 2017 / early 2018. All  the rest of my cryptos I got through mining Ethereum and making trades.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 03, 2024, 03:53:31 PM
Quote from: obsidian on March 03, 2024, 03:43:07 PM
I only have experience with Coinbase, which worked well at the time. Last time I bought any cryptos was in late 2017 / early 2018. All  the rest of my cryptos I got through mining Ethereum and making trades.

You don’t have millions in PEPE?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 03, 2024, 04:00:31 PM
Quote from: SouJerz on March 03, 2024, 03:53:31 PM
You don’t have millions in PEPE?
No, but I reasoned earlier this year that I should have. I know it will pump and dump. Capital Gainz taxes is what held me back!  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 03, 2024, 04:28:16 PM

Laser eyes 👀
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 03, 2024, 05:02:21 PM
Quote from: obsidian on March 03, 2024, 03:17:43 PM
Now add in the 3.5% ETH staking yield. At current prices BTC is up 59% the past 3 months. And ETH is up 60%. But if you're staking then that number might as well be 63.5%.

Quote from: obsidian on March 03, 2024, 03:04:58 PM

I am bullish on ETH and always will be. It gives yield and is deflationary. It's  deflation rate was around -1% the past 7 days. Soon the supply will dip below 120 million ETH. It remains to be seen how the Dencun upgrade will affect the burning mechanism.

https://ultrasound.money/

Still very good reason to be very bullish longer term, but the next few months could potentially be volatile.

But man it's probably too late to properly take advantage of it, but the play for ETH for the last 12 months was staking and then restaking (as well as farming on L2) using protocols like EitherFi and Pendle.

Hardcore ETH maxis have been milking this stuff hard. They haven't been earning 3.5% yield. It's more like 20%, plus all the L2 points and airdrops they've farmed. They used the yield and L2 profits to buy and stake more ETH. They've probably x1.5 their ETH stash or more depending on the risk they were willing to take.

Eigen is gonna be the biggest points airdrop ever. ETH maxis are gonna print HARD and they'll repeat the same buying more ETH and staking play with eigen profits. So ETF rejection, macro dumps, selling short term etc won't matter because ETH maxis have their game plan for this cycle.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 03, 2024, 05:14:24 PM
Quote from: Flexacon on March 03, 2024, 05:02:21 PM
Still very good reason to be very bullish longer term, but the next few months could potentially be volatile.

But man it's probably too late to properly take advantage of it, but the play for ETH for the last 12 months was staking and then restaking (as well as farming on L2) using protocols like EitherFi and Pendle.

Hardcore ETH maxis have been milking this stuff hard. They haven't been earning 3.5% yield. It's more like 20%, plus all the L2 points and airdrops they've farmed. They used the yield and L2 profits to buy and stake more ETH. They've probably x1.5 their ETH stash or more depending on the risk they were willing to take.

Eigen is gonna be the biggest points airdrop ever. ETH maxis are gonna print HARD and they'll repeat the same buying more ETH and staking play with eigen profits. So ETF rejection, macro dumps, selling short term etc won't matter because ETH maxis have their game plan for this cycle.
I don't know anything about airdrops or L2 points. I have never received any. All I got was staking rewards at around 3.5 - 4%. The only way my ETH stash would have increased 1.5X is if the interest rate was 50%.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 03, 2024, 05:25:04 PM
Quote from: obsidian on March 03, 2024, 05:14:24 PM
I don't know anything about airdrops or L2 points. I have never received any. All I got was staking rewards at around 3.5 - 4%. The only way my ETH stash would have increased 1.5X is if the interest rate was 50%.

You needed to bridge ETH over, interact (spend gas, mint NFTs etc) and basically help test the L2s before they launched their mainnets. Those people got air dropped things like ARB and OP tokens.

For yield you need to restake your staked ETH to get more yield. You can also borrow against your staked/restaked ETH, buy more ETH with that, then stake/restake, borrow and buy more ETH.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 04, 2024, 12:38:30 AM

65.2k  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: D.O.A. on March 04, 2024, 05:16:47 AM
I just realized in Europe its Bitc. 60.000+ today. I have done well the last 2 years ..I have to say..damn!lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 04, 2024, 06:40:24 AM
Quote from: D.O.A. on March 04, 2024, 05:16:47 AM
I just realized in Europe its Bitc. 60.000+ today. I have done well the last 2 years ..I have to say..damn!lol

How will you have done when it’s 250,000 a coin in the next 5 years?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 04, 2024, 06:45:53 AM
Quote from: Mayday on March 04, 2024, 12:38:30 AM
65.2k  :D

Just blasted through 66K.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 04, 2024, 08:59:48 AM
Quote from: gib on March 04, 2024, 06:45:53 AM
Just blasted through 66K.

This cycle is going to 150K  we're not even post halving yet,  My million dollar question is where does the merry go round stop (this cycle)  and how low does it drop?  40K? I hope so that's when you reload the guns, but what if we never see under 100k again.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on March 04, 2024, 10:55:35 AM
Fellas, fibs shows GBTC breaking $100 by end of June.

Think about it twice before exiting your positions (if you're in).

We're just getting started.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 04, 2024, 11:17:29 AM
Quote from: Slapper on March 04, 2024, 10:55:35 AM
Fellas, fibs shows GBTC breaking $100 by end of June.

Think about it twice before exiting your positions (if you're in).

We're just getting started.

HODL

Just GBTC or all the ETFS?   IBIT, ARKB, FBTC?   

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 04, 2024, 11:34:05 AM
Quote from: SouJerz on March 04, 2024, 11:17:29 AM
HODL

Just GBTC or all the ETFS?   IBIT, ARKB, FBTC?

All. And of course Bitcoin directly.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 04, 2024, 11:38:53 AM
Quote from: SouJerz on March 04, 2024, 08:59:48 AM
This cycle is going to 150K  we're not even post halving yet,  My million dollar question is where does the merry go round stop (this cycle)  and how low does it drop?  40K? I hope so that's when you reload the guns, but what if we never see under 100k again.

Well, the info was so clearly laid out in this thread for every GetBigger. So I hope many of those here benefitted from our lengthy discussion and education.

And its just getting started. We may well see one or more legitimate god candles this year. And yes also an ATH pre halving.

100 will be such a milestone, and then beyond, such that when passed we might never again see 100 as it will be the absoulte baseline bottom level which will always attract buying on any dip approaching it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 04, 2024, 11:44:15 AM
Quote from: gib on March 04, 2024, 11:38:53 AM
Well, the info was so clearly laid out in this thread for every GetBigger. So I hope many of those here benefitted from our lengthy discussion and education.

And its just getting started. We may well see one or more legitimate god candles this year. And yes also an ATH pre halving.

100 will be such a milestone, and then beyond, such that when passed we might never again see 100 as it will be the absoulte baseline bottom level which will always attract buying on any dip approaching it.

I always thought of it like this, Currently it is said that there are 60 million people on the planet with a net worth of 1 million dollars which is probably a low number and increasing daily as governments print money.  There are only 21 million bitcoin that will ever be printed/mined subtract 3-4 million bitcoin that have been lost forever on hard drives sitting in landfills.  At that rate there isn't even 1 bitcoin to go around to every millionaire on the planet, now think of how many people have hundreds, thousands, hundreds of thousands of BTC, and how many people are worth multiple million dollars.

Gib are you familiar with the Plan B model?

https://twitter.com/100trillionUSD?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 04, 2024, 05:01:20 PM
Quote from: gib on March 04, 2024, 06:45:53 AM
Just blasted through 66K.

Skirting that 69k ATH right now.

This looks like it could be it my friend.

It feels like there is so much steam pressure to stop at my 76k. FOMO is in full swing now. My next stop after that is 96k but peak has to be in March month.

Could we go from 69k to 96k in one month? That would blow my mind quite honestly and even saying 96k makes me feel dirty Euphoric 😂
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 04, 2024, 08:11:18 PM
ETH just passed $3.7K. And I just checked and the deflation for the day hit just about -2%! We knew that ETH was going to burn tremendously in a bull run. Imagine if the price really gets going as it has in the past. Perhaps the deflation will hit 4%. Of course this is only for a short time. ETH might hit $4k again before long.

I just converted one of my underperforming cryptos to Shiba INU. Not a huge amount. I know it has already made some big moves but it has more room to go. Going to go through all my underperforming cryptos and simplify. One of them is TRON. It's been useless / disappointing. I might convert it to PEPE.

https://ultrasound.money/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 04, 2024, 08:20:14 PM
Bitcoin Could Slide to $42K After Halving Hype Subsides, JPMorgan Says
The bitcoin production cost has historically acted as a lower boundary to the cryptocurrency’s price, the report said.

https://www.coindesk.com/business/2024/02/29/bitcoin-could-slide-to-42k-after-halving-hype-subsides-jpmorgan-says/

Bitcoin and Ethereum dumped about 50% after the 2020 Bitcoin Halving.

So perhaps JPMorgan's number of $42k has credence. Does that mean BTC pumps all the way to $80-100K before April 19th? Who knows. Sounds a bit extreme, but you never know.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 04, 2024, 08:25:55 PM
Quote from: obsidian on March 04, 2024, 08:20:14 PM
Bitcoin Could Slide to $42K After Halving Hype Subsides, JPMorgan Says
The bitcoin production cost has historically acted as a lower boundary to the cryptocurrency’s price, the report said.

https://www.coindesk.com/business/2024/02/29/bitcoin-could-slide-to-42k-after-halving-hype-subsides-jpmorgan-says/

Bitcoin and Ethereum dumped about 50% after the 2020 Bitcoin Halving.

So perhaps JPMorgan's number of $42k has credence. Does that mean BTC pumps all the way to $80-100K before April 19th? Who knows. Sounds a bit extreme, but you never know.

Oh a bank that has no horse in the race wants it to dump to 42k. I wonder who will be buying at that price.  Who cares if it dumps just a great buying opportunity Bitcoin is 10 year hold at minimum unless you want to take profits and get fancy shoes and a fancy car instead of never working again.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 04, 2024, 08:28:58 PM
Quote from: SouJerz on March 04, 2024, 08:25:55 PM
Oh a bank that has no horse in the race wants it to dump to 42k. I wonder who will be buying at that price.  Who cares if it dumps just a great buying opportunity Bitcoin is 10 year hold at minimum unless you want to take profits and get fancy shoes and a fancy car instead of never working again.
Look at the charts. It's done that before. Might be a great buying opportunity if it dumps. I plan on selling some just before the halving date.

EDIT: Just looked at the 2020 BTC chart and it dumped 2 months before the 11 May 2020 halving. Lowest seemed to have been on Mar 12, 2020 when it crashed below $5,000. But that's when the news about Covid was ramping up also. So perhaps this time won't be the same. We'll see.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 04, 2024, 08:49:00 PM
Quote from: obsidian on March 04, 2024, 08:28:58 PM
Look at the charts. It's done that before. Might be a great buying opportunity if it dumps. I plan on selling some just before the halving date.

EDIT: Just looked at the 2020 BTC chart and it dumped 2 months before the 11 May 2020 halving. Lowest seemed to have been on Mar 12, 2020 when it crashed below $5,000. But that's when the news about Covid was ramping up also. So perhaps this time won't be the same. We'll see.

So you’re gonna sell in hopes it dumps and then buy up more BTC or Pepe?  If it’s BTC good idea if it dumps.  It has dumped before but look at the charts it hit even higher all time highs within 6 months post halving if my memory serves me correct?  I hope it dumps to 42k I will HODL what I have and add more to the pile. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 04, 2024, 10:48:56 PM
Quote from: obsidian on March 04, 2024, 08:11:18 PM
ETH just passed $3.7K. And I just checked and the deflation for the day hit just about -2%! We knew that ETH was going to burn tremendously in a bull run. Imagine if the price really gets going as it has in the past. Perhaps the deflation will hit 4%. Of course this is only for a short time. ETH might hit $4k again before long.

I just converted one of my underperforming cryptos to Shiba INU. Not a huge amount. I know it has already made some big moves but it has more room to go. Going to go through all my underperforming cryptos and simplify. One of them is TRON. It's been useless / disappointing. I might convert it to PEPE.

https://ultrasound.money/

ETH waiting for BTC to finish.

So much has been front run though.

JPMorgan are doing the Lord’s work for us. Getting people to stay sidelined then send it to ATH knowing they will FOMO.

The halving doesn’t matter, just becomes a narrative rather than anything of substance. Keep in mind ‘the halving’ narrative has been shoved down our throats for the past year. It’s all anyone talks about.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 05, 2024, 07:21:26 AM
Quote from: Mayday on March 04, 2024, 10:48:56 PM
ETH waiting for BTC to finish.

So much has been front run though.

JPMorgan are doing the Lord’s work for us. Getting people to stay sidelined then send it to ATH knowing they will FOMO.

The halving doesn’t matter, just becomes a narrative rather than anything of substance. Keep in mind ‘the halving’ narrative has been shoved down our throats for the past year. It’s all anyone talks about.


Do you only have ETH or any BTC allocation?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 05, 2024, 07:59:10 AM
Quote from: SouJerz on March 04, 2024, 08:49:00 PM
So you’re gonna sell in hopes it dumps and then buy up more BTC or Pepe?  If it’s BTC good idea if it dumps.  It has dumped before but look at the charts it hit even higher all time highs within 6 months post halving if my memory serves me correct?  I hope it dumps to 42k I will HODL what I have and add more to the pile.

Lol - I was thinking the same thing. :)

Obisdian is more of a dgen / gambler than an investor. He's not stupid, but he has a stupid approach to investing, and lives for the "big wins". I have tried many times to change him - and not sure he ever will change. Still, its all good. All views are make for good discussion. And we all have our methods and own logic.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 05, 2024, 08:00:28 AM
BTC HITS A NEW ALL TIME HIGH!

https://www.coindesk.com/markets/2024/03/05/bitcoin-soars-to-new-all-time-high-above-69k/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 05, 2024, 09:26:54 AM
Quote from: gib on March 05, 2024, 08:00:28 AM
BTC HITS A NEW ALL TIME HIGH!

https://www.coindesk.com/markets/2024/03/05/bitcoin-soars-to-new-all-time-high-above-69k/

150k this cycle  ;)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 05, 2024, 09:57:15 AM
Quote from: gib on March 05, 2024, 07:59:10 AM
Lol - I was thinking the same thing. :)

Obisdian is more of a dgen / gambler than an investor. He's not stupid, but he has a stupid approach to investing, and lives for the "big wins". I have tried many times to change him - and not sure he ever will change. Still, its all good. All views are make for good discussion. And we all have our methods and own logic.

I don't think he's much of degen/gambler, but then again I am probably the last degen standing in this thread. If anything he over held a lot of his positions.

I'd agree though right now trying to trade and move in and out of positions is not the right move. Sit on your hands, but keep an eye on macro. It was around this time last year when regional banks had issues, so we could also see repeat of that, only this time they don't save them. Also the big one is rate cuts. Rate cuts because they broke something (sell your positions) or rate cuts because they achieved a soft landing (buy more if you can) Everything else that's not a black swan can basically be ignored.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 05, 2024, 10:11:46 AM
Quote from: gib on March 05, 2024, 07:59:10 AM
Lol - I was thinking the same thing. :)

Obisdian is more of a dgen / gambler than an investor. He's not stupid, but he has a stupid approach to investing, and lives for the "big wins". I have tried many times to change him - and not sure he ever will change. Still, its all good. All views are make for good discussion. And we all have our methods and own logic.
You have that wrong. I barely trade. I HODL more than you. When the market crashed in 2018/2019 you sold your BTC. I held ETH from 2017 all the way till now. You were the one living for the big win. Not me. My approach was I could care less if my crypto portfolio goes to zero. I'll rather see it go to zero than sell soon and see it go to the moon. But my thinking now is to sell with the intent to accumulate more when a correction does occur. Not to go for the "big win". Perhaps that's why you sold in 2018/19. Or maybe back then you weren't sure if Bitcoin had legs.

My recent buy into Shiba was $30 LMAO! It's just for fun.

Bitcoin is inferior to Ethereum from a technological point of view. It's slower, has less utility, and has architectural problems facing it in the future as mining yields decrease. There are more developers actively working to improve Ethereum compared to Bitcoin. What Bitcoin has is a first mover advantage and people like Saylor who will never sell. That's it.

Look at today. BTC has currently dropped more than Ethereum. Yes I know, it's one day. But the BTC Maxi reasoning is flawed. What tools are you using to look at charts? Go to https://coinranking.com/ and look at the 3 and 5 year yields for all these cryptos. Bitcoin has not outperformed many of the current top 10.

You're getting caught up in the price of BTC, and not comparing the returns. Bitcoin's big market cap means it will be a slower horse in the race in the long run. People getting into Bitcoin now are not entering the ground floor. It's half way up the building.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 05, 2024, 10:17:30 AM
Quote from: Flexacon on March 05, 2024, 09:57:15 AM
I don't think he's much of degen/gambler, but then again I am probably the last degen standing in this thread. If anything he over held a lot of his positions.

I'd agree though right now trying to trade and move in and out of positions is not the right move. Sit on your hands, but keep an eye on macro. It was around this time last year when regional banks had issues, so we could also see repeat of that, only this time they don't save them. Also the big one is rate cuts. Rate cuts because they broke something (sell your positions) or rate cuts because they achieved a soft landing (buy more if you can) Everything else that's not a black swan can basically be ignored.
I am just thinking of converting once promising cryptos to degen MEMEs that have proven to move much more. The young generation don't care about IOTA for example. They want PEPE, SHIBA, BONK, DOGE, etc. I don't have a lot into these other underperforming cryptos. Perhaps around $5,000. For these I think it is time to hop onto a faster train. I still have IOTA which I acquired in 2017. Yes I overheld. The opposite of degen.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on March 05, 2024, 10:19:16 AM
I just inherited 70 ounces of physical gold. Is now an opportune time to promptly sell it and buy bitcoin? Or wait for a pullback?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 05, 2024, 10:25:44 AM
Quote from: SouJerz on March 04, 2024, 08:49:00 PM
So you’re gonna sell in hopes it dumps and then buy up more BTC or Pepe?  If it’s BTC good idea if it dumps.  It has dumped before but look at the charts it hit even higher all time highs within 6 months post halving if my memory serves me correct?  I hope it dumps to 42k I will HODL what I have and add more to the pile.
We have witnessed numerous cycles now and observed human psychology. At some point earlier hands decide the profits are enough or they needs funds to buy a house or whatever. Bitcoin almost touched $69K yesterday and today it is at $65K. The journey up will not be in a straight line. There will be many corrections along the way. It is possible for BTC to correct down to $42K in May. And then after the correction, still go over $100K into 2025.

I do plan on rotating into BTC once the alts have gained significantly. BTC front runs alts. IT is possible for the BTC to ETH ratio to go back to 1:12 or perhaps 1:10. I would like that. To be honest, I would prefer a 1:6 ratio. The supply of ETH is 6x that of BTC. Ethereum is undervalued compared to Bitcoin. Once people realize that it will close the gap. The current ratio is 1:18 which is a joke in my opinion. Ethereum has had a much bigger influence on the crypto sphere than Bitcoin has.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 05, 2024, 10:30:45 AM
Quote from: Amerian Muscle on March 05, 2024, 10:19:16 AM
I just inherited 70 ounces of physical gold. Is now an opportune time to promptly sell it and buy bitcoin? Or wait for a pullback?
Congrats! That's awesome. Nobody knows the answer and don't want you to lose money. Most likely if you buy BTC now and hold for years you will get a bigger return compared to Gold. Not financial advice, just my opinion. Gold is used in electronics, electrical devices and many other fields. There's an incentive by various players to keep the prices suppressed. The younger generation also think gold is lame as an investment. It's not very portable or devisable.

https://news.bitcoin.com/economist-peter-schiff-says-gold-price-not-rising-fast-enough-condemns-civil-ruling-against-donald-trump/

Economist Peter Schiff Says Gold Price Not Rising Fast Enough, Condemns Civil Ruling Against Donald Trump

Peter Schiff, a U.S. economist and gold advocate, has attributed the lacklustre performance of gold mining companies to the rising inflation rate, which contrasts with a largely static gold price. Schiff maintains that the U.S. inflation rate would have been even higher if the U.S. Federal Reserve had not increased interest rates.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on March 05, 2024, 10:36:03 AM
Quote from: obsidian on March 05, 2024, 10:30:45 AM
Congrats! That's awesome. Nobody knows the answer and don't want you to lose money. Most likely if you buy BTC now and hold for years you will get a bigger return compared to Gold. Not financial advice, just my opinion. Gold is used in electronics, electrical devices and many other fields. There's an incentive bay various players to keep the prices suppressed. The younger generation also think gold is lame as an investment. It's not very portable or devisable.

https://news.bitcoin.com/economist-peter-schiff-says-gold-price-not-rising-fast-enough-condemns-civil-ruling-against-donald-trump/

Economist Peter Schiff Says Gold Price Not Rising Fast Enough, Condemns Civil Ruling Against Donald Trump

Peter Schiff, a U.S. economist and gold advocate, has attributed the lacklustre performance of gold mining companies to the rising inflation rate, which contrasts with a largely static gold price. Schiff maintains that the U.S. inflation rate would have been even higher if the U.S. Federal Reserve had not increased interest rates.
Definitely a lot to think about, I'm thinking of selling it pretty soon since it is reported to be at all time high levels at this time. I am also thinking that once BTC really goes parabolic, it may crash the gold market.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 05, 2024, 11:42:52 AM
Quote from: obsidian on March 05, 2024, 10:11:46 AM
You have that wrong. I barely trade. I HODL more than you. When the market crashed in 2018/2019 you sold your BTC. I held ETH from 2017 all the way till now. You were the one living for the big win. Not me. My approach was I could care less if my crypto portfolio goes to zero. I'll rather see it go to zero than sell soon and see it go to the moon. But my thinking now is to sell with the intent to accumulate more when a correction does occur. Not to go for the "big win". Perhaps that's why you sold in 2018/19. Or maybe back then you weren't sure if Bitcoin had legs.

My recent buy into Shiba was $30 LMAO! It's just for fun.

Bitcoin is inferior to Ethereum from a technological point of view. It's slower, has less utility, and has architectural problems facing it in the future as mining yields decrease. There are more developers actively working to improve Ethereum compared to Bitcoin. What Bitcoin has is a first mover advantage and people like Saylor who will never sell. That's it.

Look at today. BTC has currently dropped more than Ethereum. Yes I know, it's one day. But the BTC Maxi reasoning is flawed. What tools are you using to look at charts? Go to https://coinranking.com/ and look at the 3 and 5 year yields for all these cryptos. Bitcoin has not outperformed many of the current top 10.

You're getting caught up in the price of BTC, and not comparing the returns. Bitcoin's big market cap means it will be a slower horse in the race in the long run. People getting into Bitcoin now are not entering the ground floor. It's half way up the building.

I think (can't recall if it is you or not but I thought it was) that I explained numerous times the idiocy, short-sightedness, illogicality and risk of investing an "alts" to Bitcoin, and also why any alt can outperform BTC in the short term. I will not repeat myself again.

Further, ETH is not a legitimate alternative to the purpose Bitcoin serves, which is as the rock solid base layer of digital money. This should by now be very clear to most people. That is not to say that ETH does not have some features that BTC does not, just any any alt will have unique features. But none of them are legitimate alternatives to Bitcoin.

But I'll give to you - yes I did sell in 2018 - I did not have the confidence and conviction I now do. But to my credit I did thereafter rebuy and keep stacking, and it worked out OK.

Anyhow, congrats on the ETH performance. Any holder of ETH or BTC can be very happy with the outperformance of gold and fiat.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 05, 2024, 11:48:04 AM
Quote from: Amerian Muscle on March 05, 2024, 10:36:03 AM
I am also thinking that once BTC really goes parabolic, it may crash the gold market.

Its quite possible, especially at gold market cap is around 10x of BTC. But what I think is more likely is that rather than a gold crash caused by funds flowing into BTC, both will rise to the USD over time, only gold far more slowly that BTC, with any amount of gold moving over to BTC having a much greater impact on BTC price due to BTC much smaller market cap. So i other words a slow decline in relative performance of gold, and a much higher multiple performance increase in BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 05, 2024, 12:33:13 PM
Quote from: gib on March 05, 2024, 11:42:52 AM
I think (can't recall if it is you or not but I thought it was) that I explained numerous times the idiocy, short-sightedness, illogicality and risk of investing an "alts" to Bitcoin, and also why any alt can outperform BTC in the short term. I will not repeat myself again.

Further, ETH is not a legitimate alternative to the purpose Bitcoin serves, which is as the rock solid base layer of digital money. This should by now be very clear to most people. That is not to say that ETH does not have some features that BTC does not, just any any alt will have unique features. But none of them are legitimate alternatives to Bitcoin.

But I'll give to you - yes I did sell in 2018 - I did not have the confidence and conviction I now do. But to my credit I did thereafter rebuy and keep stacking, and it worked out OK.

Anyhow, congrats on the ETH performance. Any holder of ETH or BTC can be very happy with the outperformance of gold and fiat.

Lol gib this is hilarious.  We think a like.  I started acquiring BTC and ETH in 2016.  I had such a huge ROI and the needle was moving downward quickly I sold all my BTC/ETH in Jan/feb 2018.  In retrospect probably should have held as I had more BTC and ETH Back then compared to now but the prices have gone so wild my ROI now is higher than back in 2018 when I sold. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 05, 2024, 12:35:07 PM
I would hold gold right now could gold could be entering a bull market just topped 2100 I think. Maybe we see 2500 GLD?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dorian Cutler on March 05, 2024, 12:43:17 PM
Quote from: SouJerz on March 05, 2024, 12:35:07 PM
I would hold gold right now could gold could be entering a bull market just topped 2100 I think. Maybe we see 2500 GLD?
historically gold has always moved a lot slower than expected and it might see 1800s before 2500s
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 05, 2024, 12:55:57 PM
Quote from: Flexacon on March 05, 2024, 09:57:15 AM
I don't think he's much of degen/gambler, but then again I am probably the last degen standing in this thread. If anything he over held a lot of his positions.

I’m still here. Sold 30k of useless pieces of crap that already pumped onto happy faces 2 days ago. Alts have been running for months already but people think they are still early.

Being a Degen from the start of cycle was the learning from 2021. Crypto can’t be rewarded for that and it’s easily seen now a BTC ETF makes the worst of crypto pump and rug pull. That’s not good.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 05, 2024, 02:06:12 PM
Quote from: Mayday on March 05, 2024, 12:55:57 PM
I’m still here. Sold 30k of useless pieces of crap that already pumped onto happy faces 2 days ago. Alts have been running for months already but people think they are still early.

Being a Degen from the start of cycle was the learning from 2021. Crypto can’t be rewarded for that and it’s easily seen now a BTC ETF makes the worst of crypto pump and rug pull. That’s not good.

Nice! Other than your Shib I thought you had given up due to Eth gas.

Great timing too with the monster liquidation of BTC longs today. Biggest since Nov 2021!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 05, 2024, 04:40:41 PM
Quote from: Mayday on March 05, 2024, 12:55:57 PM
I’m still here. Sold 30k of useless pieces of crap that already pumped onto happy faces 2 days ago. Alts have been running for months already but people think they are still early.

Being a Degen from the start of cycle was the learning from 2021. Crypto can’t be rewarded for that and it’s easily seen now a BTC ETF makes the worst of crypto pump and rug pull. That’s not good.
The alts are still far away from their ATH prices. Unlike BTC. I would wait until they at least hit ATH before saying people should not think they are early. The entire crypto market cap has not yet reached the previous ATH of over $3 trillion. Some "experts" think it will reach $10 trillion this cycle.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 05, 2024, 04:46:01 PM
Quote from: gib on March 05, 2024, 11:42:52 AM
I think (can't recall if it is you or not but I thought it was) that I explained numerous times the idiocy, short-sightedness, illogicality and risk of investing an "alts" to Bitcoin, and also why any alt can outperform BTC in the short term. I will not repeat myself again.

Further, ETH is not a legitimate alternative to the purpose Bitcoin serves, which is as the rock solid base layer of digital money. This should by now be very clear to most people. That is not to say that ETH does not have some features that BTC does not, just any any alt will have unique features. But none of them are legitimate alternatives to Bitcoin.

But I'll give to you - yes I did sell in 2018 - I did not have the confidence and conviction I now do. But to my credit I did thereafter rebuy and keep stacking, and it worked out OK.

Anyhow, congrats on the ETH performance. Any holder of ETH or BTC can be very happy with the outperformance of gold and fiat.
Thanks. Not celebrating yet though. I need to see my crypto portfolio dramatically exceed the 2021 cycle before I feel like progress has been made.

You are correct that BTC is a safer bet long term or when there are periods of volatility. It is interesting thought that BTC lags many of the other top 10 cryptos in the past 5-year time frame. Check the charts. 5 years is not what I would define as short term.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 05, 2024, 06:06:31 PM
Quote from: Flexacon on March 05, 2024, 02:06:12 PM
Nice! Other than your Shib I thought you had given up due to Eth gas.

Great timing too with the monster liquidation of BTC longs today. Biggest since Nov 2021!

I dumped Shib for small profit and rolled into other stuff. The gas fees just show the network can’t handle volume. It’s a dead giveaway when retail is messing about.

BTC was around 66k when I dumped some pumped alts then It went up to 69k after I sold.

Nothing has changed for me. I listed to nobody, watch or read nothing, I don’t care lol.  I’m still looking for 76k in Q4.

Grayscale feeds the ETFs and suppresses price as I said it would. they’re down to only 420k coins now. I think I’m the only person who realises the ETFs are the trap. We just transferred 200k coins from the hands of the Grayscale HoDLer into weak as piss retail 😂 and there is still more yet to move.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 05, 2024, 06:11:04 PM
The basics of my theory is this:

Transfer HoDL coins from Grayscale to ETFs who are weak hand S&P money people.

Send price to ATH, perhaps it 100k for psychological reasons so suck in as many weal hands as possible into the ETFs.

Trigger a bear market.

ETF outflows from multiple will be so quick and relentless nobody can absorb the volume. We go sub 15.5k down to whatever crazy low number in the thousands.

MSTR and Saylor are taken out. Exchanges are nuked. Leverage is nuked. Because boomers and average people are involved the mass public are outraged at how wreckless the alts were. They vote to approve ban of wallets and self custody…….

The US wins……. That’s what this looks like to me, hence I said I am playing this as the last hurrah.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 05, 2024, 09:19:32 PM
The sales from Grey Scale will stop very soon I believe. A big chunk of the recent sales could be (hopefully are) from the 1.3B USD Gemini liquidation. That has to be sold so creditors can be paid.

Once that is digested its all upside. We will know when its done, as we will suddenly have a massive inflow / outflow imbalance.

Any other sales, would simply be GBTC holders wanting a lower annual management fee, and so most of that would be money flowing from GBTC back into other ETFs, and GBTC could, if it wanted, simply reduce its fees to retain such funds. (Right now its more worth their while to charge higher fees and hope withdrawals slow, given how much they make in fees).

How close are we to this tipping point? I believe very close. And, that downward move we saw could be just as sharp in the other direction.

Have faith my friends - in time, zoomed out, moves like yesterday a blip in the long term big scheme of things...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 05, 2024, 09:41:17 PM
Quote from: gib on March 05, 2024, 09:19:32 PM
The sales from Grey Scale will stop very soon I believe. A big chunk of the recent sales could be (hopefully are) from the 1.3B USD Gemini liquidation. That has to be sold so creditors can be paid.

Once that is digested its all upside. We will know when its done, as we will suddenly have a massive inflow / outflow imbalance.

Any other sales, would simply be GBTC holders wanting a lower annual management fee, and so most of that would be money flowing from GBTC back into other ETFs, and GBTC could, if it wanted, simply reduce its fees to retain such funds. (Right now its more worth their while to charge higher fees and hope withdrawals slow, given how much they make in fees).

How close are we to this tipping point? I believe very close. And, that downward move we saw could be just as sharp in the other direction.

Have faith my friends - in time, zoomed out, moves like yesterday a blip in the long term big scheme of things...

GBTC liquidation for Gemini customers was not in USD. It's BTC being returned to customers.

Yesterdays net flow got released an hour ago. It was massive, over $650M mostly done on ibit.

Yesterday was just a leverage hunt. Should test 69k again soon
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 06, 2024, 12:23:30 AM
Quote from: Flexacon on March 05, 2024, 09:41:17 PM
GBTC liquidation for Gemini customers was not in USD. It's BTC being returned to customers.

Yesterdays net flow got released an hour ago. It was massive, over $650M mostly done on ibit.

Yesterday was just a leverage hunt. Should test 69k again soon

Agree.

The fact Bitcoin got slapped almost -15% in 1 day tells you how much leverage is now being used. That’s essentially 2 weeks of ETF inflow nuked in a few hours. And Now almost back at 66k.

Quote from: gib on March 05, 2024, 09:19:32 PM
The sales from Grey Scale will stop very soon I believe. A big chunk of the recent sales could be (hopefully are) from the 1.3B USD Gemini liquidation. That has to be sold so creditors can be paid.

Once that is digested its all upside. We will know when its done, as we will suddenly have a massive inflow / outflow imbalance.

Any other sales, would simply be GBTC holders wanting a lower annual management fee, and so most of that would be money flowing from GBTC back into other ETFs, and GBTC could, if it wanted, simply reduce its fees to retain such funds. (Right now its more worth their while to charge higher fees and hope withdrawals slow, given how much they make in fees).

How close are we to this tipping point? I believe very close. And, that downward move we saw could be just as sharp in the other direction.

Have faith my friends - in time, zoomed out, moves like yesterday a blip in the long term big scheme of things...

before the ETF I said Barry got done for being a naughty boy and he was fucked. The dismantling of his trust is his get out of jail card.

I thought they would knock back his ETf and he’d be forced into selling but they approved AND forced him into selling so it’s all in the open. If it he hadn’t dumped 150k of coins we’d be over 100k already. That’s price suppression.

Grayscale will likely sell at least another 200k. Again, price suppression to keep it below 100k. Remember Grayscale was a HoDLeR and the ETF made it become a seller….. 


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 06, 2024, 01:25:00 AM
Quote from: Flexacon on March 05, 2024, 09:41:17 PM
GBTC liquidation for Gemini customers was not in USD. It's BTC being returned to customers.

Yesterdays net flow got released an hour ago. It was massive, over $650M mostly done on ibit.

Yesterday was just a leverage hunt. Should test 69k again soon

The point about the Gemini liquidation liquidation, is that BTC Gemini had with GBTC is being sold (it has to be), from the GBTC ETF to then be paid back to the Gemini creditors. They are not getting BTC back- rather they are getting a cash equivalent of the money they invested. That selling ito the value of the debt owed, is probably almost done now.

Yes correct about the inflows. And will be higher over time as GBTC selling slows.

Agree, will test 69, maybe a few times, and then blast through.
 

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 06, 2024, 02:00:21 AM
Quote from: gib on March 06, 2024, 01:25:00 AM
The point about the Gemini liquidation liquidation, is that BTC Gemini had with GBTC is being sold (it has to be), from the GBTC ETF to then be paid back to the Gemini creditors. They are not getting BTC back- rather they are getting a cash equivalent of the money they invested. That selling ito the value of the debt owed, is probably almost done now.

Yes correct about the inflows. And will be higher over time as GBTC selling slows.

Agree, will test 69, maybe a few times, and then blast through.

No they are getting BTC back. From their site https://www.gemini.com/earn

"Successful Resolution of Earn. This week, we announced Gemini’s settlement in principle with Genesis and other creditors in the Genesis Bankruptcy that will, if approved by the Bankruptcy Court, result in all Earn users receiving 100% of their digital assets back in kind (see February 28th update, below). As explained below, for Earn users this means, for example, that if you had lent one bitcoin in the Earn program, you will receive one bitcoin back; you will also receive any and all appreciation of your assets since you lent them into the Earn program. "
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 06, 2024, 02:10:04 AM
Quote from: Mayday on March 06, 2024, 12:23:30 AM
Agree.

The fact Bitcoin got slapped almost -15% in 1 day tells you how much leverage is now being used. That’s essentially 2 weeks of ETF inflow nuked in a few hours. And Now almost back at 66k.

before the ETF I said Barry got done for being a naughty boy and he was fucked. The dismantling of his trust is his get out of jail card.

I thought they would knock back his ETf and he’d be forced into selling but they approved AND forced him into selling so it’s all in the open. If it he hadn’t dumped 150k of coins we’d be over 100k already. That’s price suppression.

Grayscale will likely sell at least another 200k. Again, price suppression to keep it below 100k. Remember Grayscale was a HoDLeR and the ETF made it become a seller…..

The bitcoin used to dump the price was coin mined in 2010 which hadn't moved for 14 years. Could potentially hint at a supply shortage.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 06, 2024, 07:21:27 AM
Quote from: Flexacon on March 06, 2024, 02:00:21 AM
No they are getting BTC back. From their site https://www.gemini.com/earn

"Successful Resolution of Earn. This week, we announced Gemini’s settlement in principle with Genesis and other creditors in the Genesis Bankruptcy that will, if approved by the Bankruptcy Court, result in all Earn users receiving 100% of their digital assets back in kind (see February 28th update, below). As explained below, for Earn users this means, for example, that if you had lent one bitcoin in the Earn program, you will receive one bitcoin back; you will also receive any and all appreciation of your assets since you lent them into the Earn program. "

You are kind of confusing concepts:

The bankruptcy plan allows Genesis to either convert shares of the GBTC into Bitcoin on behalf of the creditors, or sell the shares outright and distribute the cash. Either way, the key point is that Genesis does need to sell its GBTC holdings, and that puts pressure short term pressure on price to the extent not equalized by demand.

See here which explains a little further:

https://cointelegraph.com/news/genesis-bankruptcy-gbtc-outflows-bitcoin-coinbase-crypto-exchange

"Genesis was granted approval by a bankruptcy judge on Feb. 14 to liquidate around $1.3 billion worth of GBTC as part of its efforts to reimburse creditors. ... There are concerns within the crypto industry that the recent approval for Genesis to also sell-off GBTC shares could lead to additional downward pressure on the price of Bitcoin."

You are correct that there was a wallet form 2013 which sold some coins. 65m worth I think. Did that spook the market? Yes possibly part of the cause, but in the big scheme of things, easily absorbed.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 06, 2024, 07:58:55 AM
ETH hit 3,900 high for this cycle.  If the ETF’s are approved does it get past the ATH of 4900?  Back then in 2021 when ETH hit 4900 it was out pacing BTC.  Hopefully ETF’s get us to 6000.  As far as BTC I’m with gib and PLAN B if you guys know of it we’re blasting off soon next stop 100k then FOMO hits then massive selling of the gamblers taking profits.  I’m hoping we dip back to 40k post halving because in several years we’ll be at 1 mil.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 06, 2024, 08:35:37 AM
Quote from: SouJerz on March 06, 2024, 07:58:55 AM
ETH hit 3,900 high for this cycle.  If the ETF’s are approved does it get past the ATH of 4900?  Back then in 2021 when ETH hit 4900 it was out pacing BTC.  Hopefully ETF’s get us to 6000.  As far as BTC I’m with gib and PLAN B if you guys know of it we’re blasting off soon next stop 100k then FOMO hits then massive selling of the gamblers taking profits.  I’m hoping we dip back to 40k post halving because in several years we’ll be at 1 mil.

I am annoyed I didn't buy more BTC during the little dip yesterday. I was hoping it would stay down a bit longer, and when I finally got around to buying it was already partially recovered.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 06, 2024, 09:42:09 AM
Quote from: gib on March 06, 2024, 08:35:37 AM
I am annoyed I didn't buy more BTC during the little dip yesterday. I was hoping it would stay down a bit longer, and when I finally got around to buying it was already partially recovered.

These 5-10% swings are normal when BTC is in this type of cycle.  Also I think historically Saturday mornings have been a dip day. I think post halving it should drop as it has in the past, hopefully to 40k-50k.   One of those “buy the rumor, sell the news” events for those short term investors/gamblers looking for a quick 50%+ ROI.  Also small time miners could close shop leading to a price drop.

I’m more interested in the ETH etf does BlackRock have enough pull to get the SEC to sign off?  Supposedly 70% chance.  But I can see the SEC denying it too. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 06, 2024, 04:17:18 PM
Quote from: Flexacon on March 06, 2024, 02:10:04 AM
The bitcoin used to dump the price was coin mined in 2010 which hadn't moved for 14 years. Could potentially hint at a supply shortage.

I will be completely wrong and I am a retard.

Old accounts dumping en masse like now happens only when tops are forming.

Only 1 time in Bitcoin’s history were old accounts this active and we didn’t hit an ATH. That 1 time was not anything like today.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on March 06, 2024, 04:19:16 PM
Is there a connection between the s&p 500 going up and dipping slightly with bitcoin's movement?

The chart looks similar.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 06, 2024, 05:18:19 PM
Quote from: a_pupil on March 06, 2024, 04:19:16 PM
Is there a connection between the s&p 500 going up and dipping slightly with bitcoin's movement?

The chart looks similar.

Whats the one year ROI on the S&P right now and the one year ROI on bitcoin right now?

If you want even more fun look at the 5 year s&p chart and the bitcoin 5 year chart.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 06, 2024, 07:12:16 PM
Quote from: a_pupil on March 06, 2024, 04:19:16 PM
Is there a connection between the s&p 500 going up and dipping slightly with bitcoin's movement?

The chart looks similar.

Some days they look identical, some days they dont.

Long term inverse dxy and bitcoin track
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 06, 2024, 07:25:21 PM
Quote from: Mayday on March 06, 2024, 04:17:18 PM
I will be completely wrong and I am a retard.

Old accounts dumping en masse like now happens only when tops are forming.

Only 1 time in Bitcoin’s history were old accounts this active and we didn’t hit an ATH. That 1 time was not anything like today.

I was expecting a lot of old accounts to become active, but not because it's a top. Selling and going into ETFs

Quote from: Flexacon on February 15, 2024, 04:54:07 AM
I can see it going higher than 10% but more for the reason that big OG whale holders redistribute some of the BTC the hold in cold wallets into ETFs. Makes sense to diversify and it makes things like inheritance easier to manage.

Looks more like consolidation though after blasting up here from $52k. I was expecting months long consolidation here, but with the ETFs firing as they are it might be weeks, or maybe even days as Saylor in due to buy again soon.

There is also $2 billion of leverage to wipe out both ways. So probably another 10k daily candle both ways. Up to $71k, dump down to 61K or vice versa.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 07, 2024, 01:56:09 AM
Quote from: Flexacon on March 06, 2024, 07:12:16 PM

Long term inverse dxy and bitcoin track

Agree!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 07, 2024, 01:57:26 AM
Quote from: Mayday on March 06, 2024, 04:17:18 PM
I will be completely wrong and I am a retard.

Old accounts dumping en masse like now happens only when tops are forming.

Only 1 time in Bitcoin’s history were old accounts this active and we didn’t hit an ATH. That 1 time was not anything like today.

One account mate. No Biggie. For every BTC OG selling some Sats, there are 10x Billionaires willing to buy...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 07, 2024, 01:59:34 AM
Quote from: Flexacon on March 06, 2024, 07:25:21 PM
I was expecting a lot of old accounts to become active, but not because it's a top. Selling and going into ETFs


Agree with that too. I know a number of early hodlers, who are now putting some amount in to the ETFs. Not because they don't believe in self custody, but for convenience, diversification of custody, and also as it helps legitimize their wealth with KYC etc once in the system.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 07, 2024, 08:25:19 AM
https://cointelegraph.com/news/tesla-buying-bitcoin-btc-wallet-curiosity
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 07, 2024, 11:09:02 AM
Quote from: gib on March 07, 2024, 08:25:19 AM
https://cointelegraph.com/news/tesla-buying-bitcoin-btc-wallet-curiosity

They better be that's the only way they are going to be able to show a profit this year on the balance sheet because they are going to lose money selling cars.  Sneaky or Smart Elon?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 07, 2024, 01:04:50 PM
Cheers Flex and gib.

I am calling we are going to have the cycle top this month.

My target of 76k likely will be hit next week, if it blows through it, perhaps 96k.

A top in hindsight is always easy to see. I ‘think’ I have enough info to tell me we are at the end, I cannot see it clearly though, it’s still foggy for me.

Buying at 17.5k was an easier call to make than this. It’s plausible 69k was actually the top and we all missed it and perhaps we double top (68k now). This is why I went alts, to give me time for my own error of judgment.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 07, 2024, 01:50:30 PM
Not sure if this is legit or not.

https://cryptodaily.co.uk/news-in-crypto/bitcoinik:microstrategy-planning-to-buy-ethereum-eth-report

Microstrategy Planning To Buy Ethereum (ETH): Report

Reportedly Nasdaq listed business intelligence firm Microstrategy planning to invest in Ethereum (ETH).

Microstrategy is a business intelligence firm that is mainly known for its Bitcoin investment strategy. Since Aug 2020, this company has been investing in Bitcoin. This company aimed to add multi-million Bitcoin to the company’s balance sheet. To date, this company is holding 193,000 BTC with a net 73% profit.

On 6 March 2024, Crypto Intelligence News reported that a person close to Microstrategy disclosed that the company was planning to buy Ethereum (ETH) to add to the company’s balance sheet.

The report confirmed that they’re still not sure whether the information is right or not but asked the Microstrategy firm directly on this matter. So far no response from Microstrategy or any executive came on this report.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 07, 2024, 01:58:31 PM
I've seen two influencers now thinking Ethereum is going to run to a 30-36% dominance this cycle. Right now it is at around 18.8% and Bitcoin at 50.8%.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 07, 2024, 03:37:32 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 07, 2024, 08:00:37 PM
Quote from: obsidian on March 07, 2024, 01:50:30 PM
Not sure if this is legit or not.

https://cryptodaily.co.uk/news-in-crypto/bitcoinik:microstrategy-planning-to-buy-ethereum-eth-report

Microstrategy Planning To Buy Ethereum (ETH): Report

Reportedly Nasdaq listed business intelligence firm Microstrategy planning to invest in Ethereum (ETH).

Microstrategy is a business intelligence firm that is mainly known for its Bitcoin investment strategy. Since Aug 2020, this company has been investing in Bitcoin. This company aimed to add multi-million Bitcoin to the company’s balance sheet. To date, this company is holding 193,000 BTC with a net 73% profit.

On 6 March 2024, Crypto Intelligence News reported that a person close to Microstrategy disclosed that the company was planning to buy Ethereum (ETH) to add to the company’s balance sheet.

The report confirmed that they’re still not sure whether the information is right or not but asked the Microstrategy firm directly on this matter. So far no response from Microstrategy or any executive came on this report.

This is some sexy news!  Hopefully it’s true.  Maybe Saylor has inside info on the ETF and if the ETF are true for Ether then the price ramp should be similar to what the ETFs did for BTC. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 07, 2024, 08:01:53 PM
Quote from: Mayday on March 07, 2024, 01:04:50 PM
Cheers Flex and gib.

I am calling we are going to have the cycle top this month.

My target of 76k likely will be hit next week, if it blows through it, perhaps 96k.

A top in hindsight is always easy to see. I ‘think’ I have enough info to tell me we are at the end, I cannot see it clearly though, it’s still foggy for me.

Buying at 17.5k was an easier call to make than this. It’s plausible 69k was actually the top and we all missed it and perhaps we double top (68k now). This is why I went alts, to give me time for my own error of judgment.


Why are you selling whether this is a top or not BTC is easily going past 100k at some point.  Are you in it for gambling short term gains? 


And going to alts for what to gamble? what’s your sell ROI number?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 08, 2024, 08:27:14 AM
$70,000.00
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 08, 2024, 09:15:14 AM
Quote from: gib on March 08, 2024, 08:27:14 AM
$70,000.00

There goes the double top theory.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 08, 2024, 12:45:35 PM
FILECOIN IS AWAKENING...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 10, 2024, 05:01:03 AM
New ATH just hit. 70083.06
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 10, 2024, 05:15:24 AM
Anybody know why BNB is pumping so hard?

The past 7 days it's up 31.32%. Sitting at around $535. I have not yet sold any BNB. The ATH for BNB was $699. Nigeria just slammed Binance with a $10 billion fine. It seems like everyone and their mother is going after Binance. There's negative news everywhere, and almost nobody is talking about BNB on Youtube. And yet here we are. I am starting to root for Binance the underdog.

Perhaps one reason is Coinbase has literally bogged down because of the recent rallies. Binance has not had any major issues.

7 Day Performance:

BTC: 13.05%
ETH: 15.96%
BNB: 31.32%
SOL: 14.93%
DOGE: 30.05%
SHIBA: 63.30%

FILECOIN: 15.31% (FOR GIBS)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 10, 2024, 05:22:39 AM
Quote from: gib on March 08, 2024, 08:27:14 AM
$70,000.00
Lurker should rename the thread when BTC approaches $100,000.

Bitcoins - about to hit $100,000 per coin today!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 10, 2024, 08:33:38 AM
Quote from: obsidian on March 10, 2024, 05:15:24 AM
Anybody know why BNB is pumping so hard?

The past 7 days it's up 31.32%. Sitting at around $535. I have not yet sold any BNB. The ATH for BNB was $699. Nigeria just slammed Binance with a $10 billion fine. It seems like everyone and their mother is going after Binance. There's negative news everywhere, and almost nobody is talking about BNB on Youtube. And yet here we are. I am starting to root for Binance the underdog.

Perhaps one reason is Coinbase has literally bogged down because of the recent rallies. Binance has not had any major issues.

7 Day Performance:

BTC: 13.05%
ETH: 15.96%
BNB: 31.32%
SOL: 14.93%
DOGE: 30.05%
SHIBA: 63.30%

FILECOIN: 15.31% (FOR GIBS)

The $10B fine was fake news. Either way it's not one Binance would bother paying.

Loads of Alts, including BNB have or will pump hard as they are following bitcoin. Bitcoin broke it's 52k resistance (sell pressure) and ran up to 70K because there were no sellers in that range. Alts are similarly running up as they are breaking their resistances.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 10, 2024, 03:41:38 PM
Quote from: obsidian on March 10, 2024, 05:22:39 AM
Lurker should rename the thread when BTC approaches $100,000.

Bitcoins - about to hit $100,000 per coin today!

Maybe start a new thread? 

The 5k title is sort of irrelevant now. A 100k title makes more sense and we can start a new history moving forward. This has been an enjoyable topic.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: delon on March 10, 2024, 04:35:25 PM
Personally as an observer I feel having all the bitcoin discussion history chronicled in one single thread is one of its greatest strengths: it's literally an anecdotal real-time journey of both the price ebbs & flows and opinion/mood variants over the years, really interesting stuff along with the usual getbig eccentricities

Just my 2 cents tiny fraction of a bitcoin's worth

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 10, 2024, 07:16:04 PM
Quote from: delon on March 10, 2024, 04:35:25 PM
Personally as an observer I feel having all the bitcoin discussion history chronicled in one single thread is one of its greatest strengths: it's literally an anecdotal real-time journey of both the price ebbs & flows and opinion/mood variants over the years, really interesting stuff along with the usual getbig eccentricities

Just my 2 cents tiny fraction of a bitcoin's worth

Think of it like chapters. Each chapter has had a different theme, a short story for each. The thread is pretty stale now.

20k was when gib was talking of a new world currency etc

The 65k run had a post Covid world and the Mr Anabolic meltdown

Now we have the road to 100k. different again with myself pushing bearish narratives as we approach the ATH. Some new characters entering recently adding fresh eyes and inputs.

Perhaps we need a group meme coin we pick and all of us buy?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 10, 2024, 07:50:21 PM
I say leave it the way it is like chapters in a book. No need to start a new book. I think mayday is just having second thoughts on his bearish outlook and would rather play ostrich and bury his head in the sand.   The story is far from over as I and gib agree total Bitcoin market cap is headed toward and above gold.  13 trillion or so at that market cap BTC would be 650,000 a coin.  The only question is how many years or decades to get there and how far do we go past 650,000 a coin?   

But you know Pepe shib and doge is always a fun gamble until you’re left holding the bag.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 10, 2024, 09:45:29 PM
Quote from: SouJerz on March 10, 2024, 07:50:21 PM
I say leave it the way it is like chapters in a book. No need to start a new book. I think mayday is just having second thoughts on his bearish outlook and would rather play ostrich and bury his head in the sand.   The story is far from over as I and gib agree total Bitcoin market cap is headed toward and above gold.  13 trillion or so at that market cap BTC would be 650,000 a coin.  The only question is how many years or decades to get there and how far do we go past 650,000 a coin?   

But you know Pepe shib and doge is always a fun gamble until you’re left holding the bag.
The gold market cap might very well go to a lot more than $13 trillion if the USD collapses. The USD is almost in a death spiral. Mainstream is even talking about it. The US debt is apparently growing around  $1 trillion every 100 days. This is not sustainable. At some point people will not want to sell their cryptos or assets because they would end up with useless Zimbabwean money. Imagine the last guy that sells $100 million worth of BTC and the currency goes the way of the Weimar currency. He'll be fucked out of his assets.

If the USD really collapses BTC will go to a million fast!

https://www.cnbc.com/2024/03/01/the-us-national-debt-is-rising-by-1-trillion-about-every-100-days.html#:~:text=The%20debt%20load%20of%20the,U.S.%20Department%20of%20the%20Treasury.

https://www.forbes.com/sites/digital-assets/2024/03/04/us-dollar-collapse-bank-of-america-issues-shocking-1-trillion-every-100-days-warning-amid-huge-bitcoin-ethereum-xrp-and-crypto-price-boom-to-rival-gold/?sh=2e1133b78da0

U.S. Dollar Death Spiral ‘Crisis’ Fears Grow After Bank Of America Issues Shocking ‘$1 Trillion Every 100 Days’ Warning Amid Huge Bitcoin, Ethereum, XRP And Crypto Price Boom

03/04 update below. This post was originally published on March 2

Bitcoin—alongside the wider ethereum, XRP and crypto market—has rocketed higher over the last year (with some forecasting a even "bigger Wall Street wave coming").

The bitcoin price has topped $60,000 per bitcoin, making it a $1 trillion asset again, while the combined ethereum, XRP and crypto market is well over $2 trillion—triggering a serious warning of "massive collateral damage."

Now, as new emails reveal "staggering" clues to the true identity of mystery bitcoin creator Satoshi Nakamoto, Bank of AmericaBAC -0.1% analysts have warned the U.S. debt load is about to ramp up to add $1 trillion every 100 days—fueling a bitcoin price surge.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 11, 2024, 12:02:33 AM

Saylor coming in with a $700M buy this week and the leverage longs got wiped out last Friday and those re-entering over the weekend  got wiped out a few hours ago.

At $69K on now. A repeat of last of week puts BTC at $76K in the next 24 to 48 hours.

It can't be this easy!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 11, 2024, 01:44:06 AM
Quote from: Flexacon on March 11, 2024, 12:02:33 AM

Saylor coming in with a $700K buy this week and the leverage longs got wiped out last Friday and those re-entering over the weekend  got wiped out a few hours ago.

At $69K on now. A repeat of last of week puts BTC at $76K in the next 24 to 48 hours.

It can't be this easy!

It is mate.

I have 76k open this week.

And now the games begin!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 11, 2024, 03:28:37 AM
Quote from: delon on March 10, 2024, 04:35:25 PM
Personally as an observer I feel having all the bitcoin discussion history chronicled in one single thread is one of its greatest strengths: it's literally an anecdotal real-time journey of both the price ebbs & flows and opinion/mood variants over the years, really interesting stuff along with the usual getbig eccentricities

Just my 2 cents tiny fraction of a bitcoin's worth

You summarized this nicely - when I started this thread, (and used that title) that is exactly what I hoped to achieve. This thread is not just about GetBiggers. It will be a unique historical thread, which I believe economists, technologists, philosophers and ;psychologists will look back at over time, as it really encapsulates nicely how humans deal with and adapt to a new form of technology and thinking. There are also still many people new to Bitcoin, and taking the time to read this thread from beginning to end would really serve them well if they took the time to do so.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 11, 2024, 03:31:58 AM
Quote from: obsidian on March 10, 2024, 09:45:29 PM
The gold market cap might very well go to a lot more than $13 trillion if the USD collapses. The USD is almost in a death spiral. Mainstream is even talking about it. The US debt is apparently growing around  $1 trillion every 100 days. This is not sustainable. At some point people will not want to sell their cryptos or assets because they would end up with useless Zimbabwean money. Imagine the last guy that sells $100 million worth of BTC and the currency goes the way of the Weimar currency. He'll be fucked out of his assets.

If the USD really collapses BTC will go to a million fast!

https://www.cnbc.com/2024/03/01/the-us-national-debt-is-rising-by-1-trillion-about-every-100-days.html#:~:text=The%20debt%20load%20of%20the,U.S.%20Department%20of%20the%20Treasury.

https://www.forbes.com/sites/digital-assets/2024/03/04/us-dollar-collapse-bank-of-america-issues-shocking-1-trillion-every-100-days-warning-amid-huge-bitcoin-ethereum-xrp-and-crypto-price-boom-to-rival-gold/?sh=2e1133b78da0

U.S. Dollar Death Spiral ‘Crisis’ Fears Grow After Bank Of America Issues Shocking ‘$1 Trillion Every 100 Days’ Warning Amid Huge Bitcoin, Ethereum, XRP And Crypto Price Boom

03/04 update below. This post was originally published on March 2

Bitcoin—alongside the wider ethereum, XRP and crypto market—has rocketed higher over the last year (with some forecasting a even "bigger Wall Street wave coming").

The bitcoin price has topped $60,000 per bitcoin, making it a $1 trillion asset again, while the combined ethereum, XRP and crypto market is well over $2 trillion—triggering a serious warning of "massive collateral damage."

Now, as new emails reveal "staggering" clues to the true identity of mystery bitcoin creator Satoshi Nakamoto, Bank of AmericaBAC -0.1% analysts have warned the U.S. debt load is about to ramp up to add $1 trillion every 100 days—fueling a bitcoin price surge.

I also own some gold. Perhaps ironic, but I long foresaw BTC, as actually being a driver of gold adoption by some Bitcoiners who never owned gold, but who might actually own just a litte, for the sake of having some exposure to the analogue version of Bitcoin. That is not to say that BTC will not massively displace gold - it will. But at the same time, we might well see some Bitcoinerers who have zero gold allocation, take on 1-5% in gold of their net worth over time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 11, 2024, 04:22:24 AM
71,859.00

72,303
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on March 11, 2024, 08:26:41 AM
Quote from: Flexacon on March 11, 2024, 12:02:33 AM
It can't be this easy!

So... we've been hearing about crypto and how it is the only sector where retail got in first (before institutions)... these institutions are literally telegraphing their intentions (to accumulate as much Bitcoin as possible)... ETFs getting approved left and right... and you people still can't believe it?

Saylor just said he was going to purchase 700MM worth of BTC. What do you guys think was going to happen?

Seriously guys...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on March 11, 2024, 08:50:00 AM
Quote from: Mayday on March 07, 2024, 01:04:50 PM
I am calling we are going to have the cycle top this month.

My target of 76k likely will be hit next week, if it blows through it, perhaps 96k.

(https://media1.tenor.com/m/dzgbfCARzHAAAAAC/castle-nathan-fillion.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 11, 2024, 10:03:52 AM
Quote from: Slapper on March 11, 2024, 08:26:41 AM
So... we've been hearing about crypto and how it is the only sector where retail got in first (before institutions)... these institutions are literally telegraphing their intentions (to accumulate as much Bitcoin as possible)... ETFs getting approved left and right... and you people still can't believe it?

Saylor just said he was going to purchase 700MM worth of BTC. What do you guys think was going to happen?

Seriously guys...

I have been trying to lead horses (or in this case Getbiggers) to water (or in this case Bitcoin) for years. Unfortunately, some just simply refuse to drink.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 11, 2024, 11:27:54 AM
Quote from: Slapper on March 11, 2024, 08:26:41 AM
So... we've been hearing about crypto and how it is the only sector where retail got in first (before institutions)... these institutions are literally telegraphing their intentions (to accumulate as much Bitcoin as possible)... ETFs getting approved left and right... and you people still can't believe it?

Saylor just said he was going to purchase 700MM worth of BTC. What do you guys think was going to happen?

Seriously guys...

I was actually talking about calling the levels and timing the move up which was exactly what I did this morning and a few other times this cycle. It literally started moving after my post

Now I don't play with leverage in crypto, but I do talk to a few guys that do. One went in with x50 leverage this morning as the set up was exactly the same as last week. He's up more than half a $million today on one of the easiest and telegraphed calls to make.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 11, 2024, 11:31:52 AM
Quote from: gib on March 11, 2024, 10:03:52 AM
I have been trying to lead horses (or in this case Getbiggers) to water (or in this case Bitcoin) for years. Unfortunately, some just simply refuse to drink.

Okay bro. In the time BTC went up x2 in the last 3 months I have several positions in ALTs and shitcoins in size that are up x5, x10 and x20. I've just not bothered reposting that stuff much this time as I saw how you had a meltdown when that French guy posted his SOL stuff.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: GymnJuice on March 11, 2024, 11:37:06 AM
Quote
   The UK’s financial regulator will allow some bitcoin-linked securities to be listed on the stock market, in a softening of its tough stance on digital assets as investors around the world snap up funds investing directly in cryptocurrencies.

The Financial Conduct Authority said on Monday it would “not object” to the creation of bitcoin and ethereum-backed exchange traded notes for professional investors.

Issuers can apply to list notes that are linked to the bitcoin and ethereum coins on the London Stock Exchange from April. ETNs are debt securities that track an underlying asset but are traded and settled through a central market entity like a stock exchange and securities depository.

The news helped push bitcoin and ethereum higher. Bitcoin, the world’s largest cryptocurrency, hit $72,000 for the first time while ethereum touched $4,000 for the first time since December 2021.

The UK had become one of the last major markets to hold out against the trading of crypto-related securities, even though the government has been championing the country as a potential centre for digital asset markets.

In 2021 the FCA banned crypto-related derivatives, which included exchange traded products, owing to concerns over the amount of leverage, or borrowing, available to consumers. Some operators offered as much as 100 times leverage on bitcoin.

The ban — which also covered unleveraged securities — has drawn sharp criticism from members of the crypto industry, who argue that the UK cannot become a leading market for digital assets unless retail investors are given regulated and easy routes into popular tokens such as bitcoin.

“Bitcoin is by far the most well-known crypto asset, and for it to be very difficult for the UK public to be able to buy it, how can we claim to be a crypto hub if we only offer risky ways of buying this asset?” said Tim Lowe, strategic adviser at London-based institutional staking firm Attestant. 

Regulators in other major markets have become increasingly comfortable with investors buying crypto-linked securities, as long as the securities are in a regulated product.

https://www.ft.com/content/e987fb3b-e877-4672-95aa-9e6eed427ccd (https://www.ft.com/content/e987fb3b-e877-4672-95aa-9e6eed427ccd)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 11, 2024, 11:43:00 AM
Quote from: Slapper on March 11, 2024, 08:26:41 AM
So... we've been hearing about crypto and how it is the only sector where retail got in first (before institutions)... these institutions are literally telegraphing their intentions (to accumulate as much Bitcoin as possible)... ETFs getting approved left and right... and you people still can't believe it?

Saylor just said he was going to purchase 700MM worth of BTC. What do you guys think was going to happen?

Seriously guys...


I think there is some misunderstanding by yourself and gib.

Price is still under my target of 76k which I have had since my 17.5k entry. But you guys are talking as if we already hit 300k. We are currently -5% from my target and -314% from market target. Let price blow past where I target and then take a look.

A drop into the 40s is also on my plan. is it mere coincidence retail is primed to go all in on any dip into the 40s?



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 11, 2024, 01:54:45 PM
Quote from: Flexacon on March 11, 2024, 11:31:52 AM
Okay bro. In the time BTC went up x2 in the last 3 months I have several positions in ALTs and shitcoins in size that are up x5, x10 and x20. I've just not bothered reposting that stuff much this time as I saw how you had a meltdown when that French guy posted his SOL stuff.


But have any of the alts or shit coins passed their 2021 all time high?  Not even Ethereum if I am correct.  Like gib said drink the water you horse!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 11, 2024, 01:57:12 PM
Quote from: Mayday on March 11, 2024, 11:43:00 AM

I think there is some misunderstanding by yourself and gib.

Price is still under my target of 76k which I have had since my 17.5k entry. But you guys are talking as if we already hit 300k. We are currently -5% from my target and -314% from market target. Let price blow past where I target and then take a look.

A drop into the 40s is also on my plan. is it mere coincidence retail is primed to go all in on any dip into the 40s?


I agree with your part about dropping back to 40-50k for a while.  If history rhymes there is normally a short post halving consolidation period and then blast off!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 11, 2024, 01:58:43 PM
Quote from: SouJerz on March 11, 2024, 01:54:45 PM

But have any of the alts or shit coins passed their 2021 all time high?  Not even Ethereum if I am correct.  Like gib said drink the water you horse!

Not all ALTs running up multiples were around in 2021 (that's the biggest clue when it comes to picking winners) And Yes a few from 2021 are already past ATHs and more will follow.

If you don't understand  how money moves in crypto stick to bitcoin. Sad though that many even after a decade of following the price movements still can't figure out how to take advantage of so many easy opportunities.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 11, 2024, 02:52:07 PM
Quote from: Flexacon on March 11, 2024, 01:58:43 PM
Not all ALTs running up multiples were around in 2021 (that's the biggest clue when it comes to picking winners) And Yes a few from 2021 are already past ATHs and more will follow.

If you don't understand  how money moves in crypto stick to bitcoin. Sad that many even after a decade of following the price movements still can't figure out how to take advantage of so many easy opportunities though.

I really don’t think any alts even ethereum have passed their 2021 all time high if so please name a few I’d like to check the charts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dorian Cutler on March 11, 2024, 02:55:15 PM
Quote from: SouJerz on March 11, 2024, 02:52:07 PM
I really don’t think any alts even ethereum have passed their 2021 all time high if so please name a few I’d like to check the charts.
this post is hilarious
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 11, 2024, 03:00:04 PM
Quote from: SouJerz on March 11, 2024, 02:52:07 PM
I really don’t think any alts even ethereum have passed their 2021 all time high if so please name a few I’d like to check the charts.

Stacks, Fetch.ai, pendle

I have the first 2 from December 2023 when I decided a bullrun was starting and made a case for them months before that.

You keep drinking your water though  8)


Quote from: Flexacon on March 09, 2023, 09:33:50 PM
I made a case for buying coinbase stock instead of alts previously and I think the case for it has actually got stronger. It's basically an ETF for crypto and they are adding Base which will give them an exchange built on roll up that can offer binance type services. They also launched a wallet with similar features to metamask.

I'm also pretty keen on Stacks STX. It's been around a while, but a recent upgrade has given it far more utility. The market seems to have over looked the fact that it's the only ALT that's a BTC layer 2 so pretty much has no direct competition.

Quote from: Flexacon on September 20, 2023, 07:08:29 PM
I was initially thinking a similar timeline to you, but then I started thinking about AI and the productivity boom that would come with it.

However before any actual productivity boo  there will potentially be the wild Dot.com and crypto type speculation. I'm already hearing about some of the more degenerate funds telling their people to forget about crypto and start focusing at AI.

I was originally dismissive about the AI hype, but I'll be looking to ride that bubble for the next decade. Also crypto AI projects for the next run.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 11, 2024, 04:31:24 PM
Quote from: Flexacon on March 11, 2024, 03:00:04 PM
Stacks, Fetch.ai, pendle

I have the first 2 from December 2023 when I decided a bullrun was starting and made a case for them months before that.

You keep drinking your water though  8)

i=Vwp7QMJmWnIVxukW[/youtube]
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 11, 2024, 04:41:35 PM
Quote from: SouJerz on March 11, 2024, 01:57:12 PM

I agree with your part about dropping back to 40-50k for a while.  If history rhymes there is normally a short post halving consolidation period and then blast off!

Ponder ‘then blast off’ part for a moment if you would. I’ll give you my perspective.

This is a one wave cycle top. We get one bit at the cherry this time.

Retail don’t front run anybody. All retail here now think they are front running 2025 and don’t realise they ARE the 2025 retail.

 the drop post halving is known. What is also known is retail will go all in on that dip under the narrative of the last generational price below 100k.

You know what will be missing this cycle? The insane level of euphoria we saw in 2021. Why? Because retail expect it and are waiting for it.

Meanwhile Saylor, the top buying king just leveraged 700M to buy Bitcoin in order to attempt to pay back the billions in junk bond debt……. At 72k and with daily ETF flows he could easily sell 40% of his holdings, wipe the debt and claim King Chad.

Aside from that, gib has unlocked full enlightenment. He is the final boss :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 11, 2024, 04:52:46 PM
Quote from: Mayday on March 11, 2024, 04:41:35 PM
Ponder ‘then blast off’ part for a moment if you would. I’ll give you my perspective.

This is a one wave cycle top. We get one bit at the cherry this time.

Retail don’t front run anybody. All retail here now think they are front running 2025 and don’t realise they ARE the 2025 retail.

 the drop post halving is known. What is also known is retail will go all in on that dip under the narrative of the last generational price below 100k.

You know what will be missing this cycle? The insane level of euphoria we saw in 2021. Why? Because retail expect it and are waiting for it.

Meanwhile Saylor, the top buying king just leveraged 700M to buy Bitcoin in order to attempt to pay back the billions in junk bond debt……. At 72k and with daily ETF flows he could easily sell 40% of his holdings, wipe the debt and claim King Chad.

Aside from that, gib has unlocked full enlightenment. He is the final boss :D

Put your money where you mouth is chief, Short Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Grape Ape on March 11, 2024, 05:10:31 PM
Quote from: SouJerz on March 11, 2024, 04:52:46 PM
Put your money where you mouth is chief, Short Bitcoin.

He's been pretty damn good at this stuff.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 11, 2024, 05:14:10 PM
Quote from: Grape Ape on March 11, 2024, 05:10:31 PM
He's been pretty damn good at this stuff.

Well then its a no brainer and you should follow with some shorts of your own?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 11, 2024, 07:34:31 PM
Quote from: SouJerz on March 11, 2024, 04:52:46 PM
Put your money where you mouth is chief, Short Bitcoin.

Again, 76k is my target and we still aren’t there yet.

In 2020 I had calculated BTC top of 55k. Then I fell for the gurus thinking they knew best and almost got wrecked but I snapped out of it just in time and was out at 51k.

So my own 2021 forecast was -17% off vs the market +241% off.

I then Bought at 17.5k vs 15.5k bottom which was +13% off. The market called for 12k which was -35% off but because it never got down there those same people were calling short from 25k-32k which was 100% off before they flipped bullish.

Add +17% error to my 76k and it goes to 89k. The market is calling for 300k so let’s take the 89k  and it’s 237% off. Ironic?

It’s not about being right, it’s about making money. Or at least for me it is. I’m perfectly fine to be a no coiner.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 11, 2024, 07:49:36 PM
Quote from: Mayday on March 11, 2024, 07:34:31 PM
Again, 76k is my target and we still aren’t there yet.

In 2020 I had calculated BTC top of 55k. Then I fell for the gurus thinking they knew best and almost got wrecked but I snapped out of it just in time and was out at 51k.

So my own 2021 forecast was -17% off vs the market +241% off.

I then Bought at 17.5k vs 15.5k bottom which was +13% off. The market called for 12k which was -35% off but because it never got down there those same people were calling short from 25k-32k which was 100% off before they flipped bullish.

Add +17% error to my 76k and it goes to 89k. The market is calling for 300k so let’s take the 89k  and it’s 237% off. Ironic?

It’s not about being right, it’s about making money. Or at least for me it is. I’m perfectly fine to be a no coiner.

Well if it’s about money you’re leaving money on the table by not shorting. Godspeed


Ironic?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 12, 2024, 10:21:38 PM
Grayscale filed for a new BTC fund which will have lower fees. It could also allow GBTC holders to have access to it via a dividend.

This could potentially slow down their outflows even more, although VanEck just removed all their fees on their ETF for 12 months so who knows.

Either way doesn't take a $GeNiUS.ai to work out that the fight for customers is very real and is only gonna get spicier!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 13, 2024, 02:02:51 AM
Quote from: Flexacon on March 12, 2024, 10:21:38 PM
Grayscale filled for a new BTC fund which will have lower fees. It could also allow GBTC holders to have access to it via a dividend.

This could potentially slow down their outflows even more, although VanEck just removed all their fees on their ETF for 12 months so who knows.

Either way doesn't take a $GeNiUS.ai to work out that the fight for customers is very real and is only gonna get spicier!


Barry down to 388k coins now from over 600k. They decimated Grayscale and the ETFs got a free ride. Nicely executed.

ETH ETF decision in May?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 13, 2024, 02:41:20 AM
Quote from: Mayday on March 13, 2024, 02:02:51 AM

Barry down to 388k coins now from over 600k. They decimated Grayscale and the ETFs got a free ride. Nicely executed.

ETH ETF decision in May?

I'm leaning towards delay if not rejection.. Something along the lines of the SEC hinting on a reason why they intend to reject it, Blackrock and a few others withdraw their applications, but later down the line they reapply as the potential reason for rejection is no longer applicable.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 13, 2024, 02:46:21 AM
Quote from: Flexacon on March 12, 2024, 10:21:38 PM
Grayscale filed for a new BTC fund which will have lower fees. It could also allow GBTC holders to have access to it via a dividend.

This could potentially slow down their outflows even more, although VanEck just removed all their fees on their ETF for 12 months so who knows.

Either way doesn't take a $GeNiUS.ai to work out that the fight for customers is very real and is only gonna get spicier!

Smart move - they keep the lazy money that just stays in GBTC. And they capture as much of the money that moves from GBTC into cheaper funds. And their new func may even attract fresh money, not just GBTC outflows. Very positive for Bitcoin. Eventually outflows form GBTC stop, and provided overall EFT demand continues, BTC BOOMS!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 13, 2024, 02:47:46 AM
Quote from: Flexacon on March 13, 2024, 02:41:20 AM
I'm leaning towards delay if not rejection.. Something along the lines of the SEC hinting on a reason why they intend to reject it, Blackrock and a few others withdraw their applications, but later down the line they reapply as the potential reason for rejection is no longer applicable.

In my view an ETH ETF would essentially be a perversion of core US securities laws. So, I can't see it happening any time soon at all.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 13, 2024, 03:00:23 AM
Futures already exists so they can't put the toothpaste back in tube even if they wanted to. Also the CFTC already lists ETH as a commodity.

The talk around delay seems to be around Eth futures not being *highly* correlated with spot market rather than US securities law.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 13, 2024, 03:06:46 AM
Quote from: Flexacon on March 13, 2024, 03:00:23 AM
Futures already exists so they can't put the toothpaste back in tube even if they wanted to. Also the CFTC already lists ETH as a commodity.

The talk around delay seems to be around Eth futures not being *highly* correlated with spot market rather than US securities law.

Exactly right on the latter point. This is certainly one of the objections, among numerous, which could be made. But there are also many reasons apart from that to deny ETH, or at least very much delay any approval.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 13, 2024, 03:34:45 AM
Quote from: gib on March 13, 2024, 03:06:46 AM
Exactly right on the latter point. This is certainly one of the objections, among numerous, which could be made. But there are also many reasons apart from that to deny ETH, or at least very much delay any approval.

The SEC released a bunch of cryptos lawyers from their department. They aren't looking for any more "see you in court" which is exactly what happen if the tried to delay/reject the ETF for any other reason.

Even delaying it because futures aren't highly correlated with spot could see them in court, but it would also be an admission that they intend to eventually approve ETFs. Those pushing for them may decide to just wait things out.

A delayed spot ETH ETF say late 2024 early 2025 is potentially better for everyone. For the BTC ETFs the delay means focus remains on them and by late 2024 they should have reached escape velocity.

Everyone then knows the playbook for the ETH ETF and if it's still in bull market it will be more rocket fuel.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 13, 2024, 03:40:34 AM
Article on the topic FYI:

https://www.dlnews.com/articles/snapshot/three-reasons-why-sec-might-not-greenlight-ethereum-etfs/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 13, 2024, 03:51:56 AM
Quote from: Flexacon on March 13, 2024, 03:00:23 AM
Futures already exists so they can't put the toothpaste back in tube even if they wanted to. Also the CFTC already lists ETH as a commodity.

The talk around delay seems to be around Eth futures not being *highly* correlated with spot market rather than US securities law.
The ETH futures correlation looks almost identical to BTC. What am I missing?

(https://pbs.twimg.com/media/GIVZgzUXMAAeBfi?format=jpg&name=medium)

Lawyers and ETF "experts" are saying the SEC will reject the ETH ETF on the basis of correlations.

Did anyone do the math?

The actual math by Coinbase:

Hourly: 99.3 vs 99.1
5 Min: 96.2 vs 96.4
1 Min: 84.7 vs. 85.8

https://pbs.twimg.com/media/GIVZgzUXMAAeBfi?format=jpg&name=medium
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 13, 2024, 03:53:47 AM
Peter Schiff is insufferable! WOW!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 13, 2024, 03:55:07 AM
Quote from: gib on March 13, 2024, 03:40:34 AM
Article on the topic FYI:

https://www.dlnews.com/articles/snapshot/three-reasons-why-sec-might-not-greenlight-ethereum-etfs/
Who gives a fuck what Elizabeth Warren thinks. Fuck that bitch!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 13, 2024, 04:03:46 AM
Quote from: gib on March 13, 2024, 02:47:46 AM
In my view an ETH ETF would essentially be a perversion of core US securities laws. So, I can't see it happening any time soon at all.
How so? You're expecting a profit off your BTC holdings and yet you are not doing any work yourself confirming transactions through mining - correct? Aren't you expecting a profit based on the work of others? If you say you holding BTC secures the network well the same logic can be applied to Ethereum. I am staking Ethereum and exposed to slashing if the validators are not configured correctly. And a solo staker is actually putting sweat and technical work into the project. Hardware has to be acquired and configured. Updates are necessary.

Michael Saylor's company owns almost 200,000 BTC. Does he personally mine BTC to help approve transactions on the network. If all he is doing is holding the asset then how can someone not make the argument he is profiting on the work of others?

The whole argument that ETH is a security is BS, and you know it. The ship has sailed. It's too late now for the SEC to do anything about it. Their job is not to hurt investors. Them trying to declare ETH a security would hurt investors. Look at what happened with XRP. They fucked the XRP holders, and even now it is still trying to recover after Ripple won the lawsuit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 13, 2024, 04:55:49 AM
Quote from: obsidian on March 13, 2024, 04:03:46 AM
How so? You're expecting a profit off your BTC holdings and yet you are not doing any work yourself confirming transactions through mining - correct? Aren't you expecting a profit based on the work of others? If you say you holding BTC secures the network well the same logic can be applied to Ethereum. I am staking Ethereum and exposed to slashing if the validators are not configured correctly. And a solo staker is actually putting sweat and technical work into the project. Hardware has to be acquired and configured. Updates are necessary.

Michael Saylor's company owns almost 200,000 BTC. Does he personally mine BTC to help approve transactions on the network. If all he is doing is holding the asset then how can someone not make the argument he is profiting on the work of others?

The whole argument that ETH is a security is BS, and you know it. The ship has sailed. It's too late now for the SEC to do anything about it. Their job is not to hurt investors. Them trying to declare ETH a security would hurt investors. Look at what happened with XRP. They fucked the XRP holders, and even now it is still trying to recover after Ripple won the lawsuit.

It it looks like a duck, it is probably a duck. ETH is a security. It meets all the basic definitions of a security. The SEC did not fuck XRP holders. Rather Ripples did, but illegally issuing tokens. And "investors" did likewise, by not understanding what they were buying and the legal risks involved.

Now, does that mean that the SEC might approve? It's always possible (although that could lead to numerous lawsuits, contesting the SEC's incorrect application of the law). If they approve ETH, it really opens almost any unregistered security to be put into an ETF wrapper, which would of course be insane.

Time will tell. Also, even if they do approve, I am not sure how much demand there would be. It might well be a real disappointment. If I was GBTC, I would lie low on pushing ETH, continue to thrive on BTC, and not put more resources into fighting a battle which may cause me harm and legal costs, and which is an any case ethically corrupt.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 13, 2024, 04:57:28 AM
Good article on this topic here:

https://www.coindesk.com/policy/2023/03/09/what-happens-if-ethereum-is-a-security/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 13, 2024, 05:01:16 AM
We will also see numerous people, including myself, filing very detailed and well reasoned amicus briefs on this topic to relevant courts and governing bodies. So, it will not be straightforward for ETH for sure, as there will be significant political, legal, and academic opposition.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on March 13, 2024, 05:50:05 AM
I ended up selling the gold and just received the money.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 13, 2024, 06:27:52 AM
Good, now get it into BTC ASAP.

My advice is to get it all in at once. But if you want to DCA in over each day over the next month or so, this may smooth out any volatility (if that is a concern to you).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on March 13, 2024, 06:31:15 AM
Quote from: gib on March 13, 2024, 06:27:52 AM
Good, now get it into BTC ASAP.

My advice is to get it all in at once. But if you want to DCA in over each day over the next month or so, this may smooth out any volatility (if that is a concern to you).
OK so you dont expect a significant pullback any day soon
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 13, 2024, 06:40:16 AM
Quote from: Amerian Muscle on March 13, 2024, 06:31:15 AM
OK so you dont expect a significant pullback any day soon

I am very confident in the long term trend. Could we see 5%, 10% dips along the way? Yes - but we can't time these, and we do know the long term trend. So overall, yes I anticipate long term upside, and so would buy now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on March 13, 2024, 06:49:00 AM
Quote from: gib on March 13, 2024, 06:40:16 AM
I am very confident in the long term trend. Could we see 5%, 10% dips along the way? Yes - but we can't time these, and we do know the long term trend. So overall, yes I anticipate long term upside, and so would buy now.

ok, it really sucks so much i am so late but i am going to buy 2 btc today, better late than never
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 13, 2024, 07:14:15 AM
Quote from: obsidian on March 13, 2024, 03:51:56 AM
The ETH futures correlation looks almost identical to BTC. What am I missing?

The SEC probably just finds numbers that suits their narrative. Price data from more exchange, different time periods etc.

If they delay or reject, the reason for it will show their hand.

There is also still a reasonable chance that Larry Fink says FU give me my ETF
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 13, 2024, 07:20:33 AM
Quote from: gib on March 13, 2024, 05:01:16 AM
We will also see numerous people, including myself, filing very detailed and well reasoned amicus briefs on this topic to relevant courts and governing bodies. So, it will not be straightforward for ETH for sure, as there will be significant political, legal, and academic opposition.

This kinda thing has already started, but it goes both ways. Some like the State of Montana, backed by 7 other states filed an amicus brief regarding the SECs overreach in crypto

On February 29, the state of Montana, supported by seven other states, filed an amicus brief arguing that the Securities and Exchange Commission (SEC) lacks authority to regulate crypto assets.

https://www.regulatoryoversight.com/2024/03/8-state-ags-argue-that-secs-crypto-enforcement-action-is-unlawful/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 13, 2024, 09:54:20 AM
Yes, for sure - opinions being filed on both sides.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 13, 2024, 10:32:59 AM
Quote from: Amerian Muscle on March 13, 2024, 05:50:05 AM
I ended up selling the gold and just received the money.

BTC smart idea, like gib said you could DCA as there will more than likely be 5-10% swings up and down.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 13, 2024, 10:36:28 AM
If Ether ETF is denied by SEC do you see it being approved further in the year or in 2025?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 13, 2024, 11:26:13 AM
Quote from: Flexacon on March 13, 2024, 02:41:20 AM
I'm leaning towards delay if not rejection.. Something along the lines of the SEC hinting on a reason why they intend to reject it, Blackrock and a few others withdraw their applications, but later down the line they reapply as the potential reason for rejection is no longer applicable.

Cheers for the info on the ETFs.

See how May goes. I have Mar-Jul as an event window for S&P which will take crypto with it so I’d prefer an ETH ETF delay to August.

If they are backed into a corner and have to approve, the timing will have some meaning. Like with BTC prior to the halving made sense.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 13, 2024, 12:01:22 PM
Quote from: gib on March 13, 2024, 04:55:49 AM
It it looks like a duck, it is probably a duck. ETH is a security. It meets all the basic definitions of a security. The SEC did not fuck XRP holders. Rather Ripples did, but illegally issuing tokens. And "investors" did likewise, by not understanding what they were buying and the legal risks involved.

Now, does that mean that the SEC might approve? It's always possible (although that could lead to numerous lawsuits, contesting the SEC's incorrect application of the law). If they approve ETH, it really opens almost any unregistered security to be put into an ETF wrapper, which would of course be insane.

Time will tell. Also, even if they do approve, I am not sure how much demand there would be. It might well be a real disappointment. If I was GBTC, I would lie low on pushing ETH, continue to thrive on BTC, and not put more resources into fighting a battle which may cause me harm and legal costs, and which is an any case ethically corrupt.
It's not a security. Gensler himself claimed so in the past, along with Jay Clayton.

Ripple did not fuck holders. The SEC did when they claimed XRP was a security in their lawsuit. This prompted exchanges to delist XRP. Ultimately Ripple won the lawsuit and XRP was not deemed a security. You're claiming it is when the courts decided otherwise. You're talking out of your ass because your position is in BTC like Michael Saylor and you are trying to pump your own bags. Nothing wrong with that, just telling it how it is.

You did not answer my question. Are you mining Bitcoin or developing it? Can you agree that you are expecting to profit off the work of others?

https://finance.yahoo.com/news/newsflash-sec-chief-confirms-analysis-134656111.html#:~:text=Securities%20and%20Exchange%20Commission%20Chairman%20Jay%20Clayton%20has,were%20initially%20sold%20through%20an%20illegal%20securities%20offering.

Newsflash: SEC Chief Confirms Analysis That Ethereum isn’t a Security

Securities and Exchange Commission Chairman Jay Clayton has formally confirmed existing staff analysis that Ethereum and other similar decentralized cryptocurrency assets are not securities, even if they were initially sold through an illegal securities offering.

SEC Chairman Agrees with Analysis That Says Ethereum, Similar Crypto Assets are Not Securities

Clayton made this revelation in a letter sent to US House Rep. Ted Budd, who had requested that the SEC provide clarity on whether SEC Director of the Division of Corporate Finance William Hinman spoke for the agency when he said that Ethereum was not a security or was merely voicing his own opinion.

While Clayton did not reference Ethereum or any other cryptocurrency by name, he confirmed that he agrees with Hinman’s analysis of what crypto assets fall under the securities classification.

In a key section he writes:

“Your letter also asks whether I agree with certain statements concerning digital tokens in Director Hinman’s June 2018 speech. I agree that the analysis of whether a digital asset is offered or sold as a security is not static and does not strictly inhere to the instrument. A digital asset may be offered and sold initially as a security because it meets the definition of an investment contract, but that designation may change over time if the digital asset later is offered and sold in such a way that it will no longer meet that definition. I agree with Director Hinman’s explanation of how a digital asset transaction may no longer represent an investment contract if, for example, purchasers would no longer reasonably expect a person or group to carry out the essential managerial or entrepreneurial efforts. Under those circumstances, the digital asset may not represent an investment contract under the Howey framework.”
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 13, 2024, 12:06:53 PM
Quote from: gib on March 13, 2024, 04:57:28 AM
Good article on this topic here:

https://www.coindesk.com/policy/2023/03/09/what-happens-if-ethereum-is-a-security/
That's FUD from over a year ago. Nothing came from it. High ranking SEC officials already claimed Ethereum is not a security.

New York Attorney General (NYAG) Letitia James is probably a diversity hire who does not know what she's talking about. Give me a break! New York is a fuckup.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 13, 2024, 12:08:53 PM
Quote from: Flexacon on March 13, 2024, 07:14:15 AM
The SEC probably just finds numbers that suits their narrative. Price data from more exchange, different time periods etc.

If they delay or reject, the reason for it will show their hand.

There is also still a reasonable chance that Larry Fink says FU give me my ETF
Well, Blackrock has only been denied once.

I agree though that they could delay the ETH ETF again in May. That might just prolong the bull run, especially if they then approve it later in the year.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 13, 2024, 12:12:37 PM
BNB and SOL pumping nicely. Glad I did not offload my BNB. Will be great if it can rally back to ATH. It's only about 18% from the ATH price of $699. BNB is another token with a burn mechanism to reduce supply. Only thing that sucks about SOL is the inflation and the shutdowns.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 13, 2024, 02:34:46 PM
Quote from: SouJerz on March 13, 2024, 10:36:28 AM
If Ether ETF is denied by SEC do you see it being approved further in the year or in 2025?

It really depends on the reason for any denial. Politics is also a huge thing here. Gensler is in the doghouse with the Elizabeth Warren camp over approving the BTC ETF, so he doesn't want to piss them off even more by approving this one. At the same time he doesn't want another loss in court if someone decides to take a denial that way.

Also that line of politics becomes moot if Trump wins in November. So I'd say yes it gets approved eventually.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 13, 2024, 02:52:21 PM
Quote from: Mayday on March 13, 2024, 11:26:13 AM
Cheers for the info on the ETFs.

See how May goes. I have Mar-Jul as an event window for S&P which will take crypto with it so I’d prefer an ETH ETF delay to August.

If they are backed into a corner and have to approve, the timing will have some meaning. Like with BTC prior to the halving made sense.

Back in December I was looking at the first rate cut as my potential exit point. I feel even more strongly about that now.

It seems it doesn't matter any more if macro data is bullish or bearish, the S&P is just gonna go up. Someone pointed out to me it's possibly because inflation still remains a significant part of GDP. That starts to go down when they start cutting rates, so it won't matter if they try sell rate cuts as bullish/soft landing, markets will still probably go risk off for a while, but not a crash type scenario, more a healthy correction.

60% chance the first cuts are in June, 40% it's July. They front run it by a month, so sell off potentially in May. Those percentages can change significantly though, but the later they cut the more ridiculous the pump (and eventual dump) $100k BTC may feel like a cheap entry point soon.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 13, 2024, 03:40:45 PM
Quote from: Flexacon on March 13, 2024, 02:52:21 PM
I was looking at rate cuts back in December as my potential exit point. I'm feel even more strongly about that now.

It seems it doesn't matter any more if macro data is bullish or bearish, the S&P is just gonna go up. Someone pointed out to me it's possibly because inflation still remains a significant part of GDP. That starts to go down when they start cutting rates, so it won't matter if they try sell rate cuts as bullish/soft landing, markets will still probably go risk off for a while.

60% chance the first cuts are in June, 40% it's July. They front run it by a month, so sell off potentially in May. Those percentages can change significantly though, but the later they cut the more ridiculous the pump (and eventual dump) $100k BTC may feel like a cheap entry point soon.

My original 5.33% model which turned out to be correct had rate cuts in 2024. However once we reached my Target the forward modelling didn’t feel right. I prepped for 10.5% rates based on it already but I have WAY too much cashflow, it’s excessive.

So in August last year I rebuilt my model to no rate cuts. I get the same outcome as the prior model but I now have a triple top of inflation 10%-11%, rates grind up each wave. So wave 2 might be 7.5% and wave 3 I finish at 10.5%.

So far it’s been correct for 8 months while market has been wrong. The market has NFI on rates or inflation until 2 weeks out from decision. The market was 98.5% betting on a June cut last month and now that’s dropped to 60% chance. If I get to June with no cut that will be a hold on rates correct for 10 months. I think I have small hikes happening in 2025, I’ll have to look.

I have had Mar-Jul 2024 window for S&P selloff in my original plan FWIW (I had S&P target range 5,300). 3 out of 4 times an S&P correction resulted in a multi year Bitcoin bear market. 1 of 1 times Saylor taking leverage resulted in a multi year bear market.

The ETH ETF is very interesting to me now…… BTC sell off to the 40s, ETH ETF approval in August and we will see funds divert…… the timing would be very interesting. Wall St would get 2 bites of the cherry. A BTC cycle top then moves straight into creating an ETH top. I have BTC 1 peak and I had ETH as 2 peaks. I couldn’t figure out how the 2nd peak for ETH would happen. Maybe this is how 🤔
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 13, 2024, 04:16:07 PM
Binance BNB just keeps pumping LMAO. Nigeria is now blaming Binance for their currency issues.

BNB is at $622 and up 16% the past 24 hours, approaching the ATH. It's up 144.89% the past 3 months, well ahead of BTC, ETH and SOL. How high can BNB go? I think perhaps $2000 based on the supply and use case. The US and Nigeria might want to crack down on Binance. But the rest of the world is still onboard. Binance also paid a huge fine to the US of over $4 billion. I am cautiously impressed with Binance. Hope they stay the course in the face of all these onslaughts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 13, 2024, 04:17:50 PM
Quote from: Flexacon on March 13, 2024, 02:34:46 PM
It really depends on the reason for any denial. Politics is also a huge thing here. Gensler is in the doghouse with the Elizabeth Warren camp over approving the BTC ETF, so he doesn't want to piss them off even more by approving this one. At the same time he doesn't want another loss in court if someone decides to take a denial that way.

Also that line of politics becomes moot if Trump wins in November. So I'd say yes it gets approved eventually.
But who cares what Elizabeth Warren thinks. Her one foot is already in the grave. She's an outdated corrupt politician. The BTC ETF is making money for the people that really control the US and own the politicians.

Now this is funny!

https://www.coindesk.com/business/2024/03/13/coinbase-nixes-page-promoting-elizabeth-whoren-meme-coin/

Coinbase took down a webpage that explained "how to buy elizabeth whoren," a derogatory token referencing U.S. Senator Elizabeth Warren (D-Mass.)

https://coinranking.com/coin/WsFTcWcpg+elizabathwhoren-whoren

elizabath whoren WHOREN

Market Cap: $ 9.37 million
Supply: 97.97 million WHOREN

I'm gonna buy me some WHOREN!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 13, 2024, 04:43:57 PM
Quote from: obsidian on March 13, 2024, 04:16:07 PM
Binance BNB just keeps pumping LMAO. Nigeria is now blaming Binance for their currency issues.

BNB is at $622 and up 16% the past 24 hours, approaching the ATH. It's up 144.89% the past 3 months, well ahead of BTC, ETH and SOL. How high can BNB go? I think perhaps $2000 based on the supply and use case. The US and Nigeria might want to crack down on Binance. But the rest of the world is still onboard. Binance also paid a huge fine to the US of over $4 billion. I am cautiously impressed with Binance. Hope they stay the course in the face of all these onslaughts.

BNB is Binance’s own coin.

Holders are generally Binance exchange people. Pump their bags and suddenly they have more money to trade on Binance. The exchange then collect the fees from increased trade values which pay back the cost to pump.  that is the use case of BNB 😉

Supply and use case are pretty much red herrings. Narratives are Fed to retail so you don’t have to acknowledge you are a Degen gambler, we are here for the technology 😂 a dog with a hat is 3.4B market cap….. a dog…. Wearing a hat…. But we aren’t Degen Gamblers 😂

I just dumped one of my alts for an 8x. Buyers are euphoric thinking 100x is about to happen. Was a reasonable amount to actually. Going to go buy shit for the garden.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 13, 2024, 05:29:34 PM
https://twitter.com/100trillionUSD/status/1767902234115797199/photo/1 (https://twitter.com/100trillionUSD/status/1767902234115797199/photo/1)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 13, 2024, 05:44:18 PM
https://cointelegraph.com/news/industry-veterans-share-praise-skepticism-ethereum-dencun-upgrade-goes-live (https://cointelegraph.com/news/industry-veterans-share-praise-skepticism-ethereum-dencun-upgrade-goes-live)

Dencum went live today but from the article seems rather Bearish for Ethereum ETF in May and probably gets pushed back to later in the year.  Maybe thats good price should dip making it a nice buy opportunity.   Although i miss those $12 an ETH days.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 13, 2024, 05:45:40 PM
Quote from: obsidian on March 13, 2024, 04:17:50 PM
But who cares what Elizabeth Warren thinks. Her one foot is already in the grave. She's an outdated corrupt politician. The BTC ETF is making money for the people that really control the US and own the politicians.

Gensler somewhat wants to be politically aligned with her, so she matters for the time being.

Quote from: Mayday on March 13, 2024, 04:43:57 PM
😂 a dog with a hat is 3.4B market cap….. a dog…. Wearing a hat…. But we aren’t Degen Gamblers 😂

Up x26 on that 8) It was the doge meta playing out again. To my eyes it would have been degen to fade something like that!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 13, 2024, 07:09:08 PM
Quote from: Flexacon on March 13, 2024, 05:45:40 PM
Gensler somewhat wants to be politically aligned with her, so she matters for the time being.

Up x26 on that 8) It was the doge meta playing out again. To my eyes it would have been degen to fade something like that!

Unleah your inner Degen lol, nicely done.

I see some circling the MSTR share price. Saylor had made it. He had beaten the market. He can claim the crown for King Degen and CEO of Bitcoin. So he celebrates with 700M in leverage lol. This guy is pretty awesome and I have to admit a good part of me wants him to pull this off now that he doubled down on his billions. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 13, 2024, 07:29:19 PM
Quote from: Mayday on March 13, 2024, 07:09:08 PM
Unleah your inner Degen lol, nicely done.

I see some circling the MSTR share price. Saylor had made it. He had beaten the market. He can claim the crown for King Degen and CEO of Bitcoin. So he celebrates with 700M in leverage lol. This guy is pretty awesome and I have to admit a good part of me wants him to pull this off now that he doubled down on his billions.

He basically found an infinite money glitch and him always buying at the tops all make sense now. It can't be long now before others start doing the same thing as him.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 14, 2024, 03:08:47 AM
Quote from: Flexacon on March 13, 2024, 07:29:19 PM
He basically found an infinite money glitch and him always buying at the tops all make sense now. It can't be long now before others start doing the same thing as him.

Interesting way of looking at it. I would characterise him (and indeed all of us Getbigger Bitcoiners) as having realized that as money is being devalued over time, we need to preserve it in fiat denominated assets, and that beyond property, gold, stocks, etc, Bitcoin is, for many reasons, the absolute best asset for this purpose. Many people are very familiar with the benefits of borrowing and leveraging to buy real-estate to preserve (and indeed to build) wealth. A smaller number are familiar with this concept applied to stocks. And an even smaller number still, with Bitcoin. But it's the same concept and theme, (or "glitch" as you call it, which applies throughout).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 14, 2024, 10:03:48 AM
Quote from: Flexacon on March 13, 2024, 07:29:19 PM
He basically found an infinite money glitch and him always buying at the tops all make sense now. It can't be long now before others start doing the same thing as him.

Correct, he is betting on the bottoms. His share price is effectively leveraged against Bitcoin at tops allowing him access to more funding to Degen. So he waited for the top now, dilutes the shares which are already leveraged in value vs Bitcoin then takes out 700M leverage on top to buy more Bitcoin.

His bet is his shareholders are fine with the bear market and a temporary -90% drop in share price.
It’s Tier 1 Degen stuff But then you see just how much fuckwittery is going on at MSTR.

He won. Victory was there for the taking. Now, running the gauntlet a second time, hopefully not clutching defeat from the claws of victory. It’s the main bad guy who has the main character as his feet but instead of Shooting he decides to give a run down of his brilliant plan, better pray he got the S&P right
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on March 14, 2024, 10:11:13 AM
what does a post 1 million bitcoin world look like? 2 classes of people? no coiners and bitcoiners? nocoiners work and slave, bitcoiners retire?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 14, 2024, 05:47:08 PM
https://x.com/ki_young_ju/status/1767441447702413547?s=20 (https://x.com/ki_young_ju/status/1767441447702413547?s=20)

Could this trigger the blastoff?

Also we touched a new ATH today 73,845  and no one seems to care, futures are interesting too.  Seems like big dogs are selling the futures to suppress price and then buying up everything cheap, when they are done accumulating they'll unwind their shorts and squeeze the sucker shorts left at the table.

we might blast off to highs not even thought of, but hopefully we cross 150k maybe touch 300k for a hot minute.

Add in Michael Saylors infinite money glitch tapping the convertible bond market, if another big company emulates him its game over.

Bigger than Taylor Swift!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 14, 2024, 06:58:49 PM
This date could be another potential catalyst for more upside momentum. We might find out if Bezos bought, if pension funds have been buying. If someone like Renaissance Technologies bought then the fomo from tradfi could be crazy. Pelosi, Burry, or Ryan Cohen buying would whip retail into a frenzy too.

Matt Hougan
@Matt_Hougan
For everyone wondering "who is buying" bitcoin ETFs, I'd circle May 15th on your calendar.

Investors with more than $100m in AUM have to file reports with the SEC called "13-F Filings" disclosing their publicly traded holdings.

Those filings are due 45 days after the end of the calendar quarter. While they don't capture everyone -- and are just a snapshot in time -- I think some of the names on those filings will surprise people (to the upside).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on March 15, 2024, 04:58:30 AM
Quote from: Flexacon on March 14, 2024, 06:58:49 PM
This date could be another potential catalyst for more upside momentum. We might find out if Bezos bought, if pension funds have been buying. If someone like Renaissance Technologies bought then the fomo from tradfi could be crazy. Pelosi, Burry, or Ryan Cohen buying would whip retail into a frenzy too.

Matt Hougan
@Matt_Hougan
For everyone wondering "who is buying" bitcoin ETFs, I'd circle May 15th on your calendar.

Investors with more than $100m in AUM have to file reports with the SEC called "13-F Filings" disclosing their publicly traded holdings.

Those filings are due 45 days after the end of the calendar quarter. While they don't capture everyone -- and are just a snapshot in time -- I think some of the names on those filings will surprise people (to the upside).

 :-\

Bitcoin Drops Below $69,000 Amid Heightened Risk, According to On-chain Data

Mar 15, 2024 07:39 EDT

https://www.tradingview.com/news/coinedition:8291e0f3e094b:0-bitcoin-drops-below-69-000-amid-heightened-risk-according-to-on-chain-data/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 15, 2024, 06:09:54 AM
Quote from: loco on March 15, 2024, 04:58:30 AM
:-\

Mar 15, 2024 07:39 EDT

https://www.tradingview.com/news/coinedition:8291e0f3e094b:0-bitcoin-drops-below-69-000-amid-heightened-risk-according-to-on-chain-data/

What's that got to do with my post  ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on March 15, 2024, 06:49:58 AM
Quote from: Flexacon on March 15, 2024, 06:09:54 AM
What's that got to do with my post  ???

Maybe I misunderstood this part and got my hopes up a little?

Quote from: Flexacon on March 14, 2024, 06:58:49 PM
This date could be another potential catalyst for more upside momentum.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 15, 2024, 07:04:39 AM
“Beware of the ides of March”
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 15, 2024, 07:11:17 AM
Quote from: loco on March 15, 2024, 06:49:58 AM
Maybe I misunderstood this part and got my hopes up a little?

The bolded date. May 15th.

Anyway ignore glassnode. On-chain analysts have a terrible track record on predicting things.

The price drops looks like leveraged long getting liquidated and later someone big getting liquidated on a short MSTR/long BTC trade
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: dj181 on March 15, 2024, 07:44:46 AM
shitcoins
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 17, 2024, 08:49:35 AM
So did anyone buy the dip? I did, just a little, as I am pretty much fully allocated as much as I am comfortable with. But I always nibble a little bit when juicy dips come along.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 17, 2024, 08:57:20 AM
Quote from: gib on March 17, 2024, 08:49:35 AM
So did anyone buy the dip? I did, just a little, as I am pretty much fully allocated as much as I am comfortable with. But I always nibble a little bit when juicy dips come along.

"Does a bear shit in the woods?"

Waited all day Saturday and stacked some satoshis at around 65,500. 

I've noticed over the past few years for some reason bitcoins nicest pull backs come on Saturday's, although that's not to say I haven't seen it ramp up on Saturdays but I've just noticed it dipping more on Saturday than any other day, IMO.

All though wish I would have picked up some more Solana when it dipped below 90.  Its been on a tear recently.  Recent pattern is Solana moves first then a few days/weeks later BTC then Ether then ALT's, and when BTC is ramping Solana seems to Dip.  Wonder why?

https://cointelegraph.com/news/who-is-mr-100-bitcoin-whale-btc-holder (https://cointelegraph.com/news/who-is-mr-100-bitcoin-whale-btc-holder)

Also curious as to who or what institution this whale is.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 17, 2024, 11:26:59 AM
Quote from: SouJerz on March 17, 2024, 08:57:20 AM
"Does a bear shit in the woods?"

Waited all day Saturday and stacked some satoshis at around 65,500. 

I've noticed over the past few years for some reason bitcoins nicest pull backs come on Saturday's, although that's not to say I haven't seen it ramp up on Saturdays but I've just noticed it dipping more on Saturday than any other day, IMO.

All though wish I would have picked up some more Solana when it dipped below 90.  Its been on a tear recently.  Recent pattern is Solana moves first then a few days/weeks later BTC then Ether then ALT's, and when BTC is ramping Solana seems to Dip.  Wonder why?

https://cointelegraph.com/news/who-is-mr-100-bitcoin-whale-btc-holder (https://cointelegraph.com/news/who-is-mr-100-bitcoin-whale-btc-holder)

Also curious as to who or what institution this whale is.

Nice work - whether it drops a bit further, or goes up again, reality is you used this opportunity to get more of your share of perfectly scarce Sats, which citizens of the world will increasingly want.

And for the general cycle of BTC vs Sol vs Dgen Alts, I think basically the big money moves into BTC. This is the HNW crowd, the ETFs, blue-chip investors, and some traditional retail. This increase in value in turn increases the spending power of some of the smaller and earlier BTC "crypto investors", who see BTC as their base, but see alts as a way yo ultimately increase their BTC stack. In the past, this crowd would have bought ETH. However this time around, they have started to skip ETH, and so SOL becomes this cycle's Eth, and then you get some pumps on the infinite number of shitcoins and memecoins.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 17, 2024, 01:20:44 PM
Quote from: gib on March 17, 2024, 11:26:59 AM
Nice work - whether it drops a bit further, or goes up again, reality is you used this opportunity to get more of your share of perfectly scarce Sats, which citizens of the world will increasingly want.

And for the general cycle of BTC vs Sol vs Dgen Alts, I think basically the big money moves into BTC. This is the HNW crowd, the ETFs, blue-chip investors, and some traditional retail. This increase in value in turn increases the spending power of some of the smaller and earlier BTC "crypto investors", who see BTC as their base, but see alts as a way yo ultimately increase their BTC stack. In the past, this crowd would have bought ETH. However this time around, they have started to skip ETH, and so SOL becomes this cycle's Eth, and then you get some pumps on the infinite number of shitcoins and memecoins.

Agree with you there gib if it drops further, just another opportunity to stack some satoshi's. 
From a WSJ article they're saying financial advisors haven't even started tapping into the ETF's yet it's most retail investors.  That's 30 trillion worth of assets on the sideline managed by financial advisors that hopefully a fraction of enters the BTC market.   Remember 21 million Bitcoins minus 3-4 million lost forever and there are only 60 million millionaires on the planet.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 17, 2024, 01:22:14 PM
Quote from: gib on March 17, 2024, 11:26:59 AM
Nice work - whether it drops a bit further, or goes up again, reality is you used this opportunity to get more of your share of perfectly scarce Sats, which citizens of the world will increasingly want.

And for the general cycle of BTC vs Sol vs Dgen Alts, I think basically the big money moves into BTC. This is the HNW crowd, the ETFs, blue-chip investors, and some traditional retail. This increase in value in turn increases the spending power of some of the smaller and earlier BTC "crypto investors", who see BTC as their base, but see alts as a way yo ultimately increase their BTC stack. In the past, this crowd would have bought ETH. However this time around, they have started to skip ETH, and so SOL becomes this cycle's Eth, and then you get some pumps on the infinite number of shitcoins and memecoins.
ETH is doing fine. It's up 63.88% right now over the past 3 months, compared to BTC's increase of 61.94%. SOL and ETH are both currently trading around 76% off ATH prices.

Solana has done so well because it crashed to $8 after the FTX fiasco. SBF is a Jew like Madoff and Belfort. Solana was founded by an Ukrainian Jew. Jews stick together, which is why FTX was heavily invested in Solana.

And now FTX and Alameda dumped a lot of ETH. They've done this numerous times in the past. The sooner these assholes get out of crypto the better for everyone.

Interesting that ETH was able to keep up with BTC for the past 3 months even when BTC had all the ETF action going on.

FTX, Alameda Dump $24 Million in Ethereum on Coinbase; Investors Panic

https://coinpedia.org/news/ftx-alameda-behind-ethereum-price-drop-secretly-dump-24-57-million-eth/

In a move rattling the crypto world, bankrupt exchanges FTX and Alameda have unloaded $24.57 million worth of Ethereum on Coinbase. This fire sale of ETH has coincided with price dips, sparking speculation of market manipulation or a deeper game at play.

Was this a desperate attempt to regain control, or a strategic move with hidden motives?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 17, 2024, 01:27:04 PM
Perhaps the lack of SEC commentary regarding the ETH ETF applications is because those applications already included the BTC ETF revisions that the SEC requested.

https://www.tradingview.com/news/coinedition:2c83a627d094b:0-grayscale-files-crucial-ammendment-on-spot-ethereum-etf/

Grayscale Files Crucial Amendment on Spot Ethereum ETF

According to Craig Salm, Grayscale’s Chief Legal officer, the firm has submitted an amended Form 19b-4 filing for its Ethereum ETF application. Salm considers the move a crucial step in Grayscale’s effort to upgrade ETHE to start trading on the New York Stock Exchange (NYSE) Arca.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 17, 2024, 01:30:55 PM
Quote from: SouJerz on March 17, 2024, 01:20:44 PM
Agree with you there gib if it drops further, just another opportunity to stack some satoshi's. 
From a WSJ article they're saying financial advisors haven't even started tapping into the ETF's yet it's most retail investors.  That's 30 trillion worth of assets on the sideline managed by financial advisors that hopefully a fraction of enters the BTC market.   Remember 21 million Bitcoins minus 3-4 million lost forever and there are only 60 million millionaires on the planet.
There's also only 21 million ZCash and it is more private and less transparent than BTC. That turned out to be a negative. But, the scarcity element of BTC is not unique. Someone can develop a token with only a 1 million supply or less. BTC has the first-mover advantage.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 17, 2024, 02:06:59 PM
Quote from: obsidian on March 17, 2024, 01:22:14 PM
ETH is doing fine. It's up 63.88% right now over the past 3 months, compared to BTC's increase of 61.94%. SOL and ETH are both currently trading around 76% off ATH prices.

Solana has done so well because it crashed to $8 after the FTX fiasco. SBF is a Jew like Madoff and Belfort. Solana was founded by an Ukrainian Jew. Jews stick together, which is why FTX was heavily invested in Solana.

And now FTX and Alameda dumped a lot of ETH. They've done this numerous times in the past. The sooner these assholes get out of crypto the better for everyone.

Interesting that ETH was able to keep up with BTC for the past 3 months even when BTC had all the ETF action going on.

FTX, Alameda Dump $24 Million in Ethereum on Coinbase; Investors Panic

https://coinpedia.org/news/ftx-alameda-behind-ethereum-price-drop-secretly-dump-24-57-million-eth/

In a move rattling the crypto world, bankrupt exchanges FTX and Alameda have unloaded $24.57 million worth of Ethereum on Coinbase. This fire sale of ETH has coincided with price dips, sparking speculation of market manipulation or a deeper game at play.

Was this a desperate attempt to regain control, or a strategic move with hidden motives?

LOL and hear i thought solana was Korean, and funny you mention Jew,  I know this Jew Chiro who missed out on  Solana in 2021 had tip from one of his wealthy clients that he touches for money.  This time he invested in solana at aroun $100, funny how they stick together. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 17, 2024, 02:11:14 PM
Quote from: obsidian on March 17, 2024, 01:30:55 PM
There's also only 21 million ZCash and it is more private and less transparent than BTC. That turned out to be a negative. But, the scarcity element of BTC is not unique. Someone can develop a token with only a 1 million supply or less. BTC has the first-mover advantage.


This guy is clearly not a whole coiner...

https://99bitcoins.com/bitcoin-obituaries/ (https://99bitcoins.com/bitcoin-obituaries/)  Here you go mate some fun reading material for you.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 17, 2024, 02:27:25 PM
Quote from: SouJerz on March 17, 2024, 08:57:20 AM

All though wish I would have picked up some more Solana when it dipped below 90.  Its been on a tear recently.  Recent pattern is Solana moves first then a few days/weeks later BTC then Ether then ALT's, and when BTC is ramping Solana seems to Dip.  Wonder why?

Quote from: gib on March 17, 2024, 11:26:59 AM
And for the general cycle of BTC vs Sol vs Dgen Alts, I think basically the big money moves into BTC. This is the HNW crowd, the ETFs, blue-chip investors, and some traditional retail. This increase in value in turn increases the spending power of some of the smaller and earlier BTC "crypto investors", who see BTC as their base, but see alts as a way yo ultimately increase their BTC stack. In the past, this crowd would have bought ETH. However this time around, they have started to skip ETH, and so SOL becomes this cycle's Eth, and then you get some pumps on the infinite number of shitcoins and memecoins.

If only someone had the foresight to call this stuff months back  8)

Quote from: Flexacon on December 20, 2023, 10:08:52 PM
Well done on the gains. You can already have a very impressive DEX experience with Solana. Last bull run small cap fun was on BNBSC, this run now might be the time for some fun wif small caps on Solana  ;)  Dapps like Jupiter, Orca and Raydium make it all incredibly easy to use.

Quote from: Flexacon on December 23, 2023, 05:25:20 PM
Sure SOL could end up in a LUNA death spiral, but before it does that it probably keeps going up in a big way. The ecosystem is getting a free $1B in liquidity via airdrops from Jupiter exchange. The ponzi pump there is far from over.

I know I won't be fading it.

Glad everyone is staying hydrated though.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 18, 2024, 02:19:02 AM
Dude we have been over this countless times on this thread.

Yes, there will always be shitcoins launched in attempts to suck money from Bitcoin's ever growing cap. Its nastyt and disingenuous, (and also clearly illegal in many cases, depending on how its done), but the temptations and risk/reward for the shitcoin founders are too great, so it will happen.

Yes, despite every cycle ending with shitcoin collapsing, there will be shitcoiners sucked into thinking that this time they can make money with a new shitcoin in a new cycle.

The people who launch shitcoins are the primary beneficiary of shitcoin launches (and ironically they store their gains in Bitcoin). A small number of people who buy shitcoins will also make money - those closest to the top ot the chain, and those "investors" who are able to get in (and then out) with the best timing ahead of all others.

Many more people will lose money on shitcoins than make money, but all will be hoping they they are able to outsmart and make money at the cost of other shitcoiners left holding the bag.

Shitcoins collapse, and eventually the cycle everything repeats, only with a new generation of coins, and with many of those people burned having learned their lesson and this time sticking to BTC, but still a new and naive class of kids and degens coming along ready to be fleeced.

Again, this does not mean that there will not be some people who make money on shitcoins. Some will. But far more will lose money than make money.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 18, 2024, 07:08:40 AM
Quote from: gib on March 18, 2024, 02:19:02 AM
Dude we have been over this countless times on this thread.

Yes, there will always be shitcoins launched in attempts to suck money from Bitcoin's ever growing cap. Its nastyt and disingenuous, (and also clearly illegal in many cases, depending on how its done), but the temptations and risk/reward for the shitcoin founders are too great, so it will happen.

Yes, despite every cycle ending with shitcoin collapsing, there will be shitcoiners sucked into thinking that this time they can make money with a new shitcoin in a new cycle.

The people who launch shitcoins are the primary beneficiary of shitcoin launches (and ironically they store their gains in Bitcoin). A small number of people who buy shitcoins will also make money - those closest to the top ot the chain, and those "investors" who are able to get in (and then out) with the best timing ahead of all others.

Many more people will lose money on shitcoins than make money, but all will be hoping they they are able to outsmart and make money at the cost of other shitcoiners left holding the bag.

Shitcoins collapse, and eventually the cycle everything repeats, only with a new generation of coins, and with many of those people burned having learned their lesson and this time sticking to BTC, but still a new and naive class of kids and degens coming along ready to be fleeced.

Again, this does not mean that there will not be some people who make money on shitcoins. Some will. But far more will lose money than make money.


Let me guess your favorite author is Ayn Rand?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 18, 2024, 07:25:35 AM
Quote from: SouJerz on March 18, 2024, 07:08:40 AM

Let me guess your favorite author is Ayn Rand?

Interesting! I did not formally study philosophy, but will look into her writings.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 18, 2024, 08:38:49 AM
Quote from: gib on March 18, 2024, 07:25:35 AM
Interesting! I did not formally study philosophy, but will look into her writings.

lol it's a joke I was listening to Joe Rogan podcast with Zack Snyder and he said Ayn Rand was his favorite author and he wanted to do a series on Netflix for her book The Fountainhead   

Rogan goes "This is what people think when you say you like the Fountainhead, "oh you're one of those guys, an Incel, let me guess you're into Bitcoin too?"

my friend who has been stacking satoshi's since 2016 is a huge Ayn Rand and fountainhead fan, incel not so sure.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 18, 2024, 09:32:10 AM
Quote from: SouJerz on March 18, 2024, 08:38:49 AM
lol it's a joke I was listening to Joe Rogan podcast with Zack Snyder and he said Ayn Rand was his favorite author and he wanted to do a series on Netflix for her book The Fountainhead   

Rogan goes "This is what people think when you say you like the Fountainhead, "oh you're one of those guys, an Incel, let me guess you're into Bitcoin too?"

my friend who has been stacking satoshi's since 2016 is a huge Ayn Rand and fountainhead fan, incel not so sure.

If she was around now, she would be a bitcoiner I think. Likely a lot of leading ethical and economic philosophers would.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 18, 2024, 09:34:00 AM
https://www.eclipse.xyz/

This is interesting.

Eclipse is Ethereum's fastest L2, powered by the Solana Virtual Machine
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 18, 2024, 09:41:49 AM
Quote from: SouJerz on March 17, 2024, 02:11:14 PM

This guy is clearly not a whole coiner...

https://99bitcoins.com/bitcoin-obituaries/ (https://99bitcoins.com/bitcoin-obituaries/)  Here you go mate some fun reading material for you.
If I wanted to I could. Last time I got into BTC was in 2018. I purchased mining power with BTC to mine Ethereum - lol! I guess I am an Ethereum Maxi.

But I think the crypto industry should all get along and not be so tribalistic. I don't want to see anyone lose money, regardless of the positions they took. I think the world is big enough that multiple blockchains can be successful. I don't like the BTC Maxi approach where they run to the government to try and declare this or that a security. That's not the spirit under which Bitcoin was created.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 18, 2024, 09:43:35 AM
Quote from: SouJerz on March 17, 2024, 02:06:59 PM
LOL and hear i thought solana was Korean, and funny you mention Jew,  I know this Jew Chiro who missed out on  Solana in 2021 had tip from one of his wealthy clients that he touches for money.  This time he invested in solana at aroun $100, funny how they stick together.
Your little example means nothing. They stick together and you know it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 18, 2024, 10:16:03 AM
Quote from: obsidian on March 18, 2024, 09:43:35 AM
Your little example means nothing. They stick together and you know it.

Of course I know it.  I’ve never met another group of human beings that say they are gods chosen people and have a word for everyone who isn’t Jewish.  I’ve been called a gentile several times in my life kind of weird but that’s just how they work.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 18, 2024, 12:28:34 PM
Quote from: obsidian on March 18, 2024, 09:41:49 AM
If I wanted to I could. Last time I got into BTC was in 2018. I purchased mining power with BTC to mine Ethereum - lol! I guess I am an Ethereum Maxi.

But I think the crypto industry should all get along and not be so tribalistic. I don't want to see anyone lose money, regardless of the positions they took. I think the world is big enough that multiple blockchains can be successful. I don't like the BTC Maxi approach where they run to the government to try and declare this or that a security. That's not the spirit under which Bitcoin was created.

Bitcoin was created to be THE world's global store of value and decentralized currency. Any person who issues coins, and purports to be a legitimate "alternative" to this function is a direct and betrayer to Bitcoin. For a while, Eth was a threat of doing this, but that narrative has now long passed.

Now, if its an issuer of a utility token (ie something that does not pretend to be money, but has legitimate value as a token of intrinsic use, Filecoin for example, that of course is different and can be endorsed and supported).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 18, 2024, 02:44:22 PM
Quote from: Mayday on March 13, 2024, 07:09:08 PM
Unleah your inner Degen lol, nicely done.

I see some circling the MSTR share price. Saylor had made it. He had beaten the market. He can claim the crown for King Degen and CEO of Bitcoin. So he celebrates with 700M in leverage lol. This guy is pretty awesome and I have to admit a good part of me wants him to pull this off now that he doubled down on his billions.

MSTR is my best performing stock which bought during covid. Now up over 500% from my buy price. I plan to hodl, just for fun, as a leveraged play on BTC, although there are risks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 18, 2024, 02:48:55 PM
Quote from: Amerian Muscle on March 14, 2024, 10:11:13 AM
what does a post 1 million bitcoin world look like? 2 classes of people? no coiners and bitcoiners? nocoiners work and slave, bitcoiners retire?

Pretty much yes. I wrote about the importance, from a societal perspective, of the future distinction between wholecoiners and everyone else. Many were laughing at the time. Now many are starting to wonder. And in the future they won't be laughing at all. Its not too late, but every day delayed is a step further away for the no-coiners. Should really be quite obvious. And will be in hindsight. Just look at the Land-Lords in centuries of the past. I believe, we will have a future where people are distinguished by wholecoiners (and above), and the Sat-slaves below.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dorian Cutler on March 18, 2024, 02:58:25 PM
My car is still for sale, want to buy bitcoin with the money. People are trying to lowball me thats why I havent sold yet. I should have just sold at the first low ball offer months ago and put into bitcoin. I would have already been up more than 25k. Fucking shit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 18, 2024, 05:31:33 PM
Quote from: gib on March 18, 2024, 02:44:22 PM
MSTR is my best performing stock which bought during covid. Now up over 500% from my buy price. I plan to hodl, just for fun, as a leveraged play on BTC, although there are risks.

If you like MSTR check, CVNA, ANF, SMCI, VRT
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 18, 2024, 05:33:44 PM
https://news.bitcoin.com/el-salvador-will-keep-buying-1-bitcoin-daily-until-btc-becomes-unaffordable-with-fiat-currencies-says-president-bukele/ (https://news.bitcoin.com/el-salvador-will-keep-buying-1-bitcoin-daily-until-btc-becomes-unaffordable-with-fiat-currencies-says-president-bukele/)

"El Salvador has been buying one bitcoin a day since 2022, according to President Nayib Bukele, who confirmed that his country’s “1 bitcoin a day program” will continue until the cryptocurrency “becomes unaffordable with fiat currencies.” The bitcoins acquired from El Salvador’s daily purchases are also deposited into the same wallet address used for the “large chunk” of bitcoins which Bukele previously revealed."
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 18, 2024, 05:37:36 PM
Quote from: Dorian Cutler on March 18, 2024, 02:58:25 PM
My car is still for sale, want to buy bitcoin with the money. People are trying to lowball me thats why I havent sold yet. I should have just sold at the first low ball offer months ago and put into bitcoin. I would have already been up more than 25k. Fucking shit.

try facebook marketplace might find someone gullible.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 18, 2024, 06:59:14 PM
Fidelity just added staking to their spot ETH ETF application which is a bit of curve ball. Also

Nate Geraci
@NateGeraci
·
48m
Amended 19b-4 filed on Fidelity spot ether ETF…

Includes more in-depth analysis on correlation b/w eth spot & futures markets (assume getting feedback this is important issue).

Also references spot btc ETF approval.

Here’s money page IMO. Issuers not gonna let SEC off hook.

(https://pbs.twimg.com/media/GI_s3KbWgAAKhE9?format=jpg&name=small)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 18, 2024, 09:02:26 PM
https://www.zerohedge.com/markets/one-bank-sees-bitcoin-200000-while-ether-hits-14000-it-becomes-jpmorgans-favorite-crypto (https://www.zerohedge.com/markets/one-bank-sees-bitcoin-200000-while-ether-hits-14000-it-becomes-jpmorgans-favorite-crypto)


One Bank Sees Bitcoin At $200,000, While Ether Hits $14,000 As It Becomes JPMorgan's Favorite Crypto

Giggity
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dorian Cutler on March 18, 2024, 09:19:23 PM
Quote from: SouJerz on March 18, 2024, 05:37:36 PM
try facebook marketplace might find someone gullible.
Its on a car website. Mostly scumbag car traders trying to rob me and people trying to get a car for less than its worth while they can get a shittier version with 2-3x the mileage for the budget they have in mind. The process is rather infuriating dealing with these bums.

If they call me and start asking questions that are immediately answerable by reading the fucking advertisement and then ask what is the lowest price id sell it for then I know I am dealing with subhuman scum.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dorian Cutler on March 18, 2024, 11:40:56 PM
Alwayd have insane limit orders in place just in case this happens
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 19, 2024, 04:44:01 PM
Quote from: Flexacon on March 18, 2024, 06:59:14 PM
Fidelity just added staking to their spot ETH ETF application which is a bit of curve ball. Also

Nate Geraci
@NateGeraci
·
48m
Amended 19b-4 filed on Fidelity spot ether ETF…

Includes more in-depth analysis on correlation b/w eth spot & futures markets (assume getting feedback this is important issue).

Also references spot btc ETF approval.

Here’s money page IMO. Issuers not gonna let SEC off hook.

(https://pbs.twimg.com/media/GI_s3KbWgAAKhE9?format=jpg&name=small)
I saw that.

Here's an interesting clip (around 4 minutes into the video) where Gensler talks about staking. Sounds like he is not against staking, just concerned if staking providers are actually honest about whether they are actually staking or being risky with your staked tokens. He also mentions "not your keys, not your cryptos". All valid points. I have been a Gensler hater but I have to admit he sounds reasonable in these clips.

Note that the next upgrade for Ethereum aims to make solo staking much easier and faster to set up. Vitalik has mentioned the possibility of mobile phones being used to solo stake via a secure wallet. I recall reading that Solana still does not have a slashing mechanism in place in case a staker is dishonest. Not sure if that has been implemented yet. Slashing sounds brutal, but is needed to make the staking infrastructure more robust.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 19, 2024, 04:45:35 PM
Quote from: Dorian Cutler on March 18, 2024, 11:40:56 PM
Alwayd have insane limit orders in place just in case this happens
That must suck if your BTC is accidentally sold for those low values! Damn!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 19, 2024, 04:48:09 PM
Quote from: SouJerz on March 18, 2024, 10:16:03 AM
Of course I know it.  I’ve never met another group of human beings that say they are gods chosen people and have a word for everyone who isn’t Jewish.  I’ve been called a gentile several times in my life kind of weird but that’s just how they work.
Nothing wrong with sticking together, actually that's how it should be. That's how communities and ethnicities got ahead, by banding together. Whites are being discouraged from doing this though, ironically by the same group that look out for each other. Whites better get a clue before they are history!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 19, 2024, 07:06:44 PM
Viva El Salvador!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 20, 2024, 03:57:48 AM
Quote from: Dorian Cutler on March 18, 2024, 11:40:56 PM
Alwayd have insane limit orders in place just in case this happens

That order was placed years ago. It's first come first serve, so good luck getting filled if you place a limit order at those levels now.

Quote from: obsidian on March 19, 2024, 04:45:35 PM
That must suck if your BTC is accidentally sold for those low values! Damn!

It looked like someone got their account hacked and the hackers were attempting a cascade by dumping hard (they were probably leveraged short)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Dorian Cutler on March 20, 2024, 11:04:34 AM
Quote from: Flexacon on March 20, 2024, 03:57:48 AM
That order was placed years ago. It's first come first serve, so good luck getting filled if you place a limit order at those levels now.

It looked like someone got their account hacked and the hackers were attempting a cascade by dumping hard (they were probably leveraged short)
I once got lucky with a sell order I placed way above market price on some big cap altcoin. The rush was incredible when I found out. Unfortunately not a life changing amount of money
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 20, 2024, 04:23:50 PM
Quote from: Dorian Cutler on March 18, 2024, 11:40:56 PM
Alwayd have insane limit orders in place just in case this happens

Unlikely the order would hit as usually there is so much liquidity that much higher orders would hit first. But yeah, on the right exchange and in the right circumstances, why not (although most exchanges would require you to have the cash there for the order so you could be waiting for a long time with that cash unutilized).

Makes sense though on the upside if a spike in price ever occurs and you are selling.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 20, 2024, 07:05:08 PM
Really interesting day.

The SEC possibly going after proof of stake ETH as a security.

Every major player threatening to sue the SEC if they don't approve the ETH ETF in May.

Coinbase planning to launch DOGE, LTC and BCH futures on regulated exchanges. Why not spot ETFs after that.

Blackrock entering the ETH ecosystem with a tokenized asset fund and with plans that could see $Trillions enter the blockchain space over the next 5 years.

I have more than enough money to quit crypto and never look back, but I just can't quit the entertainment and drama of it all. There is nothing else like it!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 20, 2024, 07:17:26 PM
Quote from: Flexacon on March 20, 2024, 07:05:08 PM
Really interesting day.

The SEC possibly going after proof of stake ETH as a security.

Every major player threatening to sue the SEC if they don't approve the ETH ETF in May.

Coinbase planning to launch DOGE, LTC and BCH futures on regulated exchanges. Why not spot ETFs after that.

Blackrock entering the ETH ecosystem with a tokenized asset fund and with plans that could see $Trillions enter the blockchain space over the next 5 years.

I have more than enough money to quit crypto and never look back, but I just can't quit the entertainment and drama of it all. There is nothing else like it!

Well, as I told you earlier, once a security, always a security. I think its very far-fetched to think an ETH ETF would ever be approved. DOGE LTC and BCH actually more likely from an academic perspective, but I also see those as unlikely.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 20, 2024, 07:25:26 PM
Quote from: gib on March 20, 2024, 07:17:26 PM
Well, as I told you earlier, once a security, always a security. I think its very far-fetched to think an ETH ETF would ever be approved. DOGE LTC and BCH actually more likely from an academic perspective, but I also see those as unlikely.

They subpoena relates to it switching to proof of stake in Sept 2022. Not whilst it was proof of work for 7 years before that.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 20, 2024, 07:31:35 PM
Quote from: Flexacon on March 20, 2024, 07:25:26 PM
They subpoena relates to it switching to proof of stake in Sept 2022. Not whilst it was proof of work for 7 years before that.

Yes, that switch (and the fact that could even be done) makes their case much worse, that's for sure.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 20, 2024, 07:42:52 PM
Quote from: gib on March 20, 2024, 07:31:35 PM
Yes, that switch (and the fact that could even be done) makes their case much worse, that's for sure.

The ETH foundation and their legal team had all their evidence and legal arguments ready to go before before they even went ahead with the switch (merge) so the SEC coming after them is not completely unexpected to them. It's already been priced in too as a lot of people have been sitting on this info for a while. Just gonna sit back and enjoy the shit show. Just remember Gary Gensler is already on a long losing streak when it comes to big crypto legal battles.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on March 21, 2024, 12:11:01 AM
ETH at 10K equals a market cap of 1.3 trillion, so SOLANA's market cap will be at least 400 billion, so get your bag ready, especially if SOL flips ETH right after FireDancer rolls out.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 21, 2024, 11:52:53 AM
Interesting interview with Mark Yusko. He claims SOL is a mess.

In tech, according to Mark, you can either be fast, or secure, never both.

Mark goes on, says Solana is super fast, but it breaks down. He claims in the past weekend he heard reports that 80% of transactions were failing on Solana. That's a nightmare, says Mark.  ;D

Having said that, compare the transaction speed of Coinbase's L2, BASE, with Solana.

https://x.com/LeonWaidmann/status/1769312515887149481?s=20


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 21, 2024, 11:59:42 AM
Quote from: Flexacon on March 20, 2024, 07:05:08 PM
Really interesting day.

The SEC possibly going after proof of stake ETH as a security.

Every major player threatening to sue the SEC if they don't approve the ETH ETF in May.

Coinbase planning to launch DOGE, LTC and BCH futures on regulated exchanges. Why not spot ETFs after that.

Blackrock entering the ETH ecosystem with a tokenized asset fund and with plans that could see $Trillions enter the blockchain space over the next 5 years.

I have more than enough money to quit crypto and never look back, but I just can't quit the entertainment and drama of it all. There is nothing else like it!
The ETH news was FUD. Ivan Tech reckons the ETH ETF is coming for sure because of Blackrock's recently announced Ethereum-based tokenized fund.

Mark Yusko reckons the ETH Spot ETF will be a reality at some point, because he claims Blackrock has a bigger stick than people like Warren that want to slow it down. Elizabeth Whoren is beholden to the banks who feel threatened by cryptocurrencies. But because 2024 is an election year Gensler may have been given orders to slow down the ETH Spot ETF applications. We'll see what happens.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 21, 2024, 12:07:11 PM
Quote from: gib on March 20, 2024, 07:31:35 PM
Yes, that switch (and the fact that could even be done) makes their case much worse, that's for sure.
No it doesn't. POS still requires validators to have hardware, software, and sweat equity to make it operational and maintain it. It's no different than a POW miner who has to clean his rigs, cool them, etc. I mined Ethereum for years and I had to monitor the rigs daily, reboot here and there. Upgrade mining software. I had a few GPUs fail and had to RMA them, etc. The majority of ETH I obtained the same way Bitcoin miners acquired their BTC. But you bought your BTC and did zero work mining or developing it.

So the SEC argument that you expect to profit on the work of others is actually valid for both you and Saylor.

It's is 100% a fact that the Ethereum project has been the hardest fought with blood and guts in the trenches work, compared to Bitcoin. If you tally up all the manhours that went into the Ethereum project it totally eclipses what went into Bitcoin's development. The Lightning network is apparently also a mess and never really fulfilled it's promise.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 21, 2024, 12:14:46 PM
Quote from: French on March 21, 2024, 12:11:01 AM
ETH at 10K equals a market cap of 1.3 trillion, so SOLANA's market cap will be at least 400 billion, so get your bag ready, especially if SOL flips ETH right after FireDancer rolls out.
If ETH goes to $1.3 trillion and SOL to $400 billion how does it flip Ethereum? I agree though that it may provide bigger returns because it has a smaller market cap. The same way ETH will potentially offer bigger returns compared to BTC in a full on bull run.

Solana is fairly centralized though and there are rumors they are counting voting as transactions to inflate their numbers. I recall Binance's BSC were accused of fabricating their transactions as well. Apparently Solana's hardware requirements is insane. That centralization poses a risk if something were to happen to their infrastructure. Hardware fail all the time. And the Solana network has gone down over 10 times. Big institutional investors can't risk that. But I guess retail don't care.

https://thechainsaw.com/defi/altcoins/solana-down-network-freeze-ten-times-recover/

Note, since the article linked above was released Solana went down in February and May 2024. So that comes to 12 outages. In one outage a tech issue was throttling transactions and the blockchain started to unexpectedly fork!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 21, 2024, 12:29:56 PM
https://www.msn.com/en-us/money/markets/the-sec-tries-to-put-the-ethereum-toothpaste-back-in-the-tube/ar-BB1khShm

The SEC tries to put the Ethereum toothpaste back in the tube

The stakes in the bitter war between the Securities and Exchange Commission and the crypto industry just got higher. As Fortune reported on Wednesday, the agency is going after Ethereum, issuing subpoenas to U.S. companies that require them to supply all records of their dealings with the foundation that oversees the blockchain. This is a big deal since so much of the crypto industry is built atop Ethereum—not just applications but entire secondary blockchains like Polygon. If the SEC goes ahead with its plans to declare that all of Ethereum is subject to its securities laws, it will have broad and unpredictable consequences.

The most curious thing about the SEC's gambit is not so much why the agency is doing this, but why it's doing it now. Leave aside the hypocrisy of Gary Gensler stating back in 2018, before he was SEC Chairman, that Ethereum is not a security (you can see it on video here). Consider instead that the Ethereum network will be a decade old next year, and that the time to regulate it would have been during the ICO mania of 2017, when grifters used it to launch a wide variety of scams. Every year since then, the network has become bigger and more disbursed and for the SEC to exert control over it today is like trying to stuff the proverbial toothpaste back in the tube.

People familiar with the investigation told me they suspect the timing has to do with Ethereum's switch to a proof-of-stake model in late 2022. For anyone not fluent in crypto, this entailed switching to a different mechanism for confirming the legitimacy of blockchain transactions that relies on a disbursed network of validators. Previously, Ethereum had relied on the Bitcoin model, which entails guzzling tremendous amounts of energy to solve random math problems. The change meant that Ethereum cut its carbon emissions by over 99% but, as proof no good deed goes unpunished, it appears to have invited legal trouble. The new argument is that the validator model means Ethereum is now a series of stock-like investment contracts. Or something.

This argument is not a strong one, it doesn't help the agency's case that numerous people have relied on the SEC's earlier signals that Ethereum is not a security. If push comes to shove, the agency will almost certainly lose in court. And yet the SEC, rather than walk away or help devise a new regulatory framework for decentralized blockchains, is heating up an investigation. Why?

The best answer is politics. Justin Slaughter, one of the more astute crypto watchers in D.C., has pointed out that Gensler is taking heat from hard-core progressives—who are every bit as fanatical as the worst crypto loon. Slaughter points to an editorial in the lefty touchstone Prospect that takes the step, unusual for them, of denouncing Gensler for letting Bitcoin ETFs go ahead in January. Even though a unanimous appeals court all but ordered the SEC to approve the ETFs, Prospect says Gensler should have kept "fighting and let the chips fall where they may."

Such language suggests an ideological fixation, but these are key allies of Gensler's de facto boss, Sen. Elizabeth Warren. Some of their concerns about crypto are legitimate, but it's a losing battle when it comes to trying to exert control over Ethereum. That horse left the barn long ago.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: BEEFCAKE on March 21, 2024, 12:30:23 PM
shitcoin Ethereum is fake like the US dollar
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 21, 2024, 12:53:24 PM
Quote from: BEEFCAKE on March 21, 2024, 12:30:23 PM
shitcoin Ethereum is fake like the US dollar
You're clueless. How much money do you manage, compared to say Blackrock?  ;D

I agree the USD is a shitcoin. All cryptos are better than FIAT, which is guaranteed to go to zero.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: BEEFCAKE on March 21, 2024, 02:21:31 PM
Quote from: obsidian on March 21, 2024, 12:53:24 PM
You're clueless. How much money do you manage, compared to say Blackrock?  ;D

I agree the USD is a shitcoin. All cryptos are better than FIAT, which is guaranteed to go to zero.

Blackrock can push a button on the table and make shitcoin Ethereum disappear overnight 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 21, 2024, 02:48:47 PM
Quote from: BEEFCAKE on March 21, 2024, 02:21:31 PM
Blackrock can push a button on the table and make shitcoin Ethereum disappear overnight
Their actions indicate the complete opposite lol! First they filed for a spot ETF and now decided to launch an  Ethereum based tokenized fund.

https://www.msn.com/en-us/money/markets/blackrock-is-launching-its-first-ethereum-based-tokenized-fund/ar-BB1kipTV
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: BEEFCAKE on March 21, 2024, 02:53:23 PM
Quote from: obsidian on March 21, 2024, 02:48:47 PM
Their actions indicate the complete opposite lol! First they filed for a spot ETF and now decided to launch an  Ethereum based tokenized fund.

https://www.msn.com/en-us/money/markets/blackrock-is-launching-its-first-ethereum-based-tokenized-fund/ar-BB1kipTV

i think your missing the point...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 21, 2024, 02:57:40 PM
https://twitter.com/iampaulgrewal?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

Per Chief Legal Officer @coinbase

Sigh... again with the ETH misinformation as we await a decision on ETH ETPs. Ok--let’s talk about some basic facts about Ethereum. Millions of Americans hold ETH; it has been vital to crypto since its 2015 launch; and ETH is a commodity, not a security. 1/10

The SEC has taken this position for years. 2/10

Ex. A. Senior SEC officials have said ETH is not a security, see e.g. SEC Director of Corporation Finance Hinman’s statement 3/10

Ex. B. Before he was SEC Chair, Gary Gensler himself testified before Congress that ETH is not a security, see his testimony
https://www.congress.gov/115/meeting/house/108562/witnesses/HHRG-115-AG00-Wstate-GenslerG-20180718.pdf 4/10

Ex. C. And even very recently, the SEC’s trial lawyers continue to compare ETH to BTC, see https://storage.courtlistener.com/recap/gov.uscourts.nysd.551082/gov.uscourts.nysd.551082.87.0.pdf 5/10

The CFTC and federal courts have consistently confirmed that ETH is a commodity. 6/10

Ex. D. ETH futures contracts started trading on CFTC-regulated futures exchanges in 2021. 7/10

Ex. E. The Howey test doesn’t determine ETH’s status, and as we have explained in depth in other proceedings, digital assets like ETH that do not involve an ongoing contractual obligation related to a business enterprise are not “investment contracts” or otherwise “securities.”  https://fingfx.thomsonreuters.com/gfx/legaldocs/akpeaaozrpr/frankel-secvcoinbase--coinbasemotionforjudgment.pdf 8/10

Ex. F. Even if we were to apply Howey, ETH utterly fails that test, and nothing about the merge changes that conclusion. 9/10

The SEC has no good reason to deny the ETH ETP applications. And we hope they won’t try to invent one by questioning the long established regulatory status of ETH, which the SEC has repeatedly endorsed. That’s not how the law works. And Americans deserve better. 10/10
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 21, 2024, 02:59:12 PM
Quote from: BEEFCAKE on March 21, 2024, 02:53:23 PM
i think your missing the point...
Elaborate for the plebs will you?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 21, 2024, 10:40:46 PM

So is everyone here still thinking it’s going to 300k in a few months?

Gib promised the price would go up thousands of dollars everyday but shortly after it then dumped almost -20%.

Saylor changed his mind and says you only need 0.1BTC to achieve ascension yet at the same price in 2021 he said you needed 1BTC. Why is he saying BTC has lost -90% of its value?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on March 21, 2024, 11:59:39 PM
Quote from: obsidian
If ETH goes to $1.3 trillion and SOL to $400 billion how does it flip Ethereum?

And the Solana network has gone down over 10 times
[/quote

I mean at best SOL flips ETH and will be worth over 2K per coin and conservatively SOL will be at 800.

Individuals and institutions prefer fast and profitable transactions, even if once a year there is an interruption of a few hours.
Reminder that the mainnet is in beta mode and they are learning every time after each outage to improve resiliency and that volumes have exploded.
Firedancer will be a game changer for Solana to address the latest concerns.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 22, 2024, 12:10:19 AM
Quote from: Mayday on March 21, 2024, 10:40:46 PM
So is everyone here still thinking it’s going to 300k in a few months?

Gib promised the price would go up thousands of dollars everyday but shortly after it then dumped almost -20%.

Saylor changed his mind and says you only need 0.1BTC to achieve ascension yet at the same price in 2021 he said you needed 1BTC. Why is he saying BTC has lost -90% of its value?

Way too early to take a victory lap, but a healthy dose of reality is always a good.

The move down wasn't entirely unexpected, but the exit from GBTC and disappointing flows into the other ETFs was less expected. BTC price is still holding up pretty well though.

This would be another sit on your hands and do nothing situation for me if I was in BTC or ETH and that's because the bullish blow off trendline is still intact. Lower than somewhere like mid 50k and it's broken. My guess is it won't get to that trendline. Either 61K was the low or a visit to the high 50Ks and then a reversal with the up trend resuming.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 22, 2024, 04:28:09 AM
Quote from: Mayday on March 22, 2024, 03:45:49 AM

The top isn’t in yet. I have a day and price now but let’s see.

The grayscale price suppression was entirely expected, one of the easiest calls for me to make. People downplay it and ignore it but that’s what prevented price from going to 100k. I said Grayscale will be the wrecking ball of this crypto cycle and so far it’s bang on. I posted ages ago Barry got popped.

I’d like to be wrong on this peak because the nightmare scenario comes into play.


It's a bit of a stretch calling it a wrecking ball when Bitcoin is up about 50% since ETF's and GBTC selling went live. It also hit an ATH before the halving which hasn't happened before.

Barry was in the hole for a couple of extra $billions more than he let on. $3B in total I think. People think the size and steady exit in GBTC this week is probably a liquidation or bankruptcy. Possibly Barry, Gemini/Genesis or whoever got rekt on the MSTR short.

You have the halving supply shock, GBTC "suppression" half done plus their cheaper ETF due, more brokers giving their customers access to ETFs. ETH ETF delay (bullish for everyone, but ETH holders) Wealth effect from indices being at ATHs. This is a golden bull run like 2016/17 IMO until market conditions change (rate cuts) I'll chart it later if it helps.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 22, 2024, 10:58:31 AM
Quote from: French on March 21, 2024, 11:59:39 PM
Individuals and institutions prefer fast and profitable transactions, even if once a year there is an interruption of a few hours.
Reminder that the mainnet is in beta mode and they are learning every time after each outage to improve resiliency and that volumes have exploded.
Firedancer will be a game changer for Solana to address the latest concerns.
Institutions prefer secure over fees. And an attractive tokenomics. The Solana supply inflates over 5% every year. Ethereum is still deflationary after the Dencun upgrade. The lower fees are on the L2s, not L1. Higher fees need to remain on L1 to ensure deflation.

https://ultrasound.money/

Someone did a test and I know this may be because so many transactions are occurring on Solana that it bogs down. Still, in this example with the Coinbase L2 Base it is 15 times slower.

Also note that Solana includes voting transactions in the total transaction count. The other networks don't. To really get an accurate count of the number of transactions you need to subtract the votes, SerumV3 and System transactions. Some estimate that reduces the number of transactions by almost 99%.

https://www.reddit.com/r/solana/comments/qfip2l/solana_transaction_breakdown_are_90_transactions/

https://solanabeach.io/

Here's a screenshot I just took showing the failed transactions. You can see it for yourself on Solana Beach - I posted the link above.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 22, 2024, 11:15:37 AM
https://coinmarketcap.com/academy/article/why-does-solana-have-so-many-transactions

Why Does Solana Have So Many Transactions?

If you have been paying attention to transaction figures, you maybe noticed that Solana has a lot more daily transactions than other L1/L2 blockchains combined:

(https://academy-public.coinmarketcap.com/optimized-uploads/606f111e792e4399a0c55282b825d1a6.jpeg)

Is Solana the most popular blockchain? Or is the data wrong? Let’s take a look at how to meaningfully compare transactions between layer-one/two blockchains.

The Two Types Of Solana Transactions

There are voting transactions and non-voting transactions. Voting transactions are submitted by validators for network consensus. Non-voting transactions are the transfer of SOL between different Solana accounts or smart contracts. Both incur network fees in SOL, however, non-voting transactions are used when comparing Solana to other L1 or L2 blockchains.

Solana’s Transaction Riddle

Solana boasts more than six times as many transactions as Polygon: 18.9 million non-vote transactions to only 2.9 million transactions. At first glance, it would seem that Solana is processing a lot more volume and is thus a lot more popular. But the answer lies in the source of the transactions.

On Solana, non-voting transactions have always been significantly higher than on the other L1 blockchains. This is due to an overload of the Solana blockchain because of two particular types of non-voting transactions: arbitrage and minting bots. Solana has a much higher ratio of arbitrage bots and NFT minting bots than other blockchains. These transactions are not due to human users — think of them like spam mails: they merely clog up the system.

That also partially explains why Solana, dubbed a high-speed and high-throughput blockchain, experienced several outages in 2022.

Only a small portion — roughly 7% — of Solana’s non-voting transactions can be traced to transactions related to DeFi and NFT usage.

Data from Nansen shows the following breakdown of Solana transactions over the last week:

Unknown: 46M
Pyth Oracle: 39M
Zeta Markets (DeFi): 3.5M
Raydium (AMM): 2M
Orca (DeFi): 1M
Tulip (DeFi): 842K
Lifinity (DEX): 371K
Saber (AMM): 184K

Conclusion

It may be confusing to see Solana transaction figures mooning. But the inflated numbers can be easily explained when you compare the transaction sources. In reality, Solana’s figures are broadly comparable to other blockchains. This article should help you understand how to compare L1/L2 transactions meaningfully in the future.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 22, 2024, 11:21:02 AM
Quote from: Mayday on March 21, 2024, 10:40:46 PM
So is everyone here still thinking it’s going to 300k in a few months?

Gib promised the price would go up thousands of dollars everyday but shortly after it then dumped almost -20%.

Saylor changed his mind and says you only need 0.1BTC to achieve ascension yet at the same price in 2021 he said you needed 1BTC. Why is he saying BTC has lost -90% of its value?
I read that the other way. He is saying you need 90% less BTC because it is worth 900% more. 1 - 0.1 / 0.1 x 100% = 900%.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 22, 2024, 11:23:27 AM
Quote from: Flexacon on March 22, 2024, 04:28:09 AM

It's a bit of a stretch calling it a wrecking ball when Bitcoin is up about 50% since ETF's and GBTC selling went live. It also hit an ATH before the halving which hasn't happened before.

Barry was in the hole for a couple of extra $billions more than he let on. $3B in total I think. People think the size and steady exit in GBTC this week is probably a liquidation or bankruptcy. Possibly Barry, Gemini/Genesis or whoever got rekt on the MSTR short.

You have the halving supply shock, GBTC "suppression" half done plus their cheaper ETF due, more brokers giving their customers access to ETFs. ETH ETF delay (bullish for everyone, but ETH holders) Wealth effect from indices being at ATHs. This is a golden bull run like 2016/17 IMO until market conditions change (rate cuts) I'll chart it later if it helps.
Don't you think the ETH ETF denial is already priced in? People are already saying the approval chance is 35% - 0%.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 22, 2024, 10:08:12 PM
Quote from: obsidian on March 22, 2024, 11:23:27 AM
Don't you think the ETH ETF denial is already priced in? People are already saying the approval chance is 35% - 0%.

Yeah it's been priced in for a while. The delay to the ETH ETF means all of tradfi eyes stay on the BTC. ETH delay is bullish for BTC and BTC pairs.

The GBTC outflows have been linked to the Genesis settlement. That still leaves an explanation for the thinning inflow in the other ETFs. My guess is it's probably just relating to end of quarter rebalancing that typically goes on in tradfi. If that's the case then inflows pick up again next month.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on March 23, 2024, 12:05:33 AM
Thanks for your feedback!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 24, 2024, 02:20:45 PM
Quote from: Flexacon on March 22, 2024, 10:08:12 PM
Yeah it's been priced in for a while. The delay to the ETH ETF means all of tradfi eyes stay on the BTC. ETH delay is bullish for BTC and BTC pairs.

The GBTC outflows have been linked to the Genesis settlement. That still leaves an explanation for the thinning inflow in the other ETFs. My guess is it's probably just relating to end of quarter rebalancing that typically goes on in tradfi. If that's the case then inflows pick up again next month.
Interesting comments by the former Commissioner of the Commodity Futures Trading Commission of Federal government of the United States, Brian Quintenz.

A futures contract on a security is in both the SEC’s and @CFTC ’s jurisdiction. A futures contract on a pure commodity is only in the CFTC’s jurisdiction. There is a currently a futures contract on #ETH. It is only under the CFTC’s purview which makes ETH a non-security commodity

https://twitter.com/BrianQuintenz?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

Reminder:

1/ When the SEC allowed ETH Futures ETFs to trade on its regulated security exchanges, it explicitly acknowledged the status of the underlying, ETH, as being a non-security and outside of its jurisdiction.

2/ Importantly, this ETF approval decision in October 2023 occurred well after Ethereum changed to PoS in Sept of 2022; meaning that to the SEC, ETH, in its present state as of Oct 2023, was not a security.

3/ If the SEC had any doubt about the regulatory treatment of ETH in Oct 2023, it wouldn’t have approved the ETF.  If ETH were in fact a security, then the CFTC-listed futures contracts (on which the ETFs were based) would be illegal, as any derivative on ETH would be considered security futures contracts and subject to different rules, listed on different exchanges and subject to joint SEC/CFTC jurisdiction.

4/ Moreover, if ETH were a security, then the ETH Futures ETF would be an illegal instrument. The SEC cannot approve an illegal instrument to trade over a national securities exchange.

5/ It will be interesting to watch what, if any, excuse the SEC uses if it were to delay or deny an ETH ETF given it has already informed the market on ETH being outside its jurisdiction.

6/ The SEC's conduct in refusing to acknowledge these facts is causing confusion and actively harming the public.

Question:
How would you respond to their argument that it was an acknowledgment of its commodity status (and therefore the legality of a CFTC regulated futures based product), but not the nonsecurity status of the underlying? Gensler has gone to great lengths to never concede ETH’s nonsecurity status, though he does concede that it is a commodity as well. We know they will try to back into the most damaging legal argument they can find if it has any chance of winning in lower courts, since their political goal is to inflict maximum damage on the industry domestically.

So what specifically is the slam dunk/smoking gun in the statutes or paperwork trail that prevents them from making this hybrid instrument argument with a straight face? An unwritten jurisdictional norm that has never been violated is not enough to constrain this SEC. They relish losing in court because that signals to the party bosses that they are being “tough” on partisan policy priorities.

Answer:
As I showed in the thread, a commodity is deemed to be a non security if there is a CFTC-regulated futures or swaps contract on it.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 24, 2024, 05:32:01 PM
Quote from: obsidian on March 24, 2024, 02:20:45 PM
Interesting comments by the former Commissioner of the Commodity Futures Trading Commission of Federal government of the United States, Brian Quintenz.

A futures contract on a security is in both the SEC’s and @CFTC ’s jurisdiction. A futures contract on a pure commodity is only in the CFTC’s jurisdiction. There is a currently a futures contract on #ETH. It is only under the CFTC’s purview which makes ETH a non-security commodity

https://twitter.com/BrianQuintenz?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

Reminder:

1/ When the SEC allowed ETH Futures ETFs to trade on its regulated security exchanges, it explicitly acknowledged the status of the underlying, ETH, as being a non-security and outside of its jurisdiction.

2/ Importantly, this ETF approval decision in October 2023 occurred well after Ethereum changed to PoS in Sept of 2022; meaning that to the SEC, ETH, in its present state as of Oct 2023, was not a security.

3/ If the SEC had any doubt about the regulatory treatment of ETH in Oct 2023, it wouldn’t have approved the ETF.  If ETH were in fact a security, then the CFTC-listed futures contracts (on which the ETFs were based) would be illegal, as any derivative on ETH would be considered security futures contracts and subject to different rules, listed on different exchanges and subject to joint SEC/CFTC jurisdiction.

4/ Moreover, if ETH were a security, then the ETH Futures ETF would be an illegal instrument. The SEC cannot approve an illegal instrument to trade over a national securities exchange.

5/ It will be interesting to watch what, if any, excuse the SEC uses if it were to delay or deny an ETH ETF given it has already informed the market on ETH being outside its jurisdiction.

6/ The SEC's conduct in refusing to acknowledge these facts is causing confusion and actively harming the public.

Question:
How would you respond to their argument that it was an acknowledgment of its commodity status (and therefore the legality of a CFTC regulated futures based product), but not the nonsecurity status of the underlying? Gensler has gone to great lengths to never concede ETH’s nonsecurity status, though he does concede that it is a commodity as well. We know they will try to back into the most damaging legal argument they can find if it has any chance of winning in lower courts, since their political goal is to inflict maximum damage on the industry domestically.

So what specifically is the slam dunk/smoking gun in the statutes or paperwork trail that prevents them from making this hybrid instrument argument with a straight face? An unwritten jurisdictional norm that has never been violated is not enough to constrain this SEC. They relish losing in court because that signals to the party bosses that they are being “tough” on partisan policy priorities.

Answer:
As I showed in the thread, a commodity is deemed to be a non security if there is a CFTC-regulated futures or swaps contract on it.



ETH to $14,000?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 24, 2024, 11:48:20 PM
Quote from: obsidian on March 24, 2024, 02:20:45 PM
Interesting comments by the former Commissioner of the Commodity Futures Trading Commission of Federal government of the United States, Brian Quintenz.

A futures contract on a security is in both the SEC’s and @CFTC ’s jurisdiction. A futures contract on a pure commodity is only in the CFTC’s jurisdiction. There is a currently a futures contract on #ETH. It is only under the CFTC’s purview which makes ETH a non-security commodity


There are several very wealthy and well resourced entities who would love nothing more than to be able to take the SEC to court over all this. Most of them want a clear guidance on what they're allowed to do and not allowed to regarding tokenisation and staking in crypto, but the SEC won't give them this. If it ends up in court they get this one way or another. Also just remember that the SEC lost the XPR case and XRP was magnitudes worse than anything the SEC can try throw at ETH.

Short term this stuff is bearish ETH, but longer term it will bullish. Either way a bullish BTC takes ETH up with it regardless.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 25, 2024, 03:50:15 AM
Quote from: Flexacon on March 24, 2024, 11:48:20 PM
There are several very wealthy and well resourced entities who would love nothing more than to be able to take the SEC to court over all this. Most of them want a clear guidance on what they're allowed to do and not allowed to regarding tokenisation and staking in crypto, but the SEC won't give them this. If it ends up in court they get this one way or another. Also just remember that the SEC lost the XPR case and XRP was magnitudes worse than anything the SEC can try throw at ETH.

Short term this stuff is bearish ETH, but longer term it will bullish. Either way a bullish BTC takes ETH up with it regardless.

The law is already very clear. And the SEC has been clear all along - every issuer and operator of exchanges of such securities in the US must comply with the law.

The SEC cannot be expected to rule or comment on every single of an infinite number of security tokens. But it can re-iterate that the law must be complied with (which is has done, countless times).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 25, 2024, 10:33:51 AM
Quote from: gib on March 25, 2024, 03:50:15 AM
The law is already very clear. And the SEC has been clear all along - every issuer and operator of exchanges of such securities in the US must comply with the law.

The SEC cannot be expected to rule or comment on every single of an infinite number of security tokens. But it can re-iterate that the law must be complied with (which is has done, countless times).

If the law is already clear and the SEC was clear all along then why did the SEC end up losing their XRP case? Seems you like to bury your head in the sand about what happened there. Don't worry though you aren't the only one who is in complete denial about that, lots of experts in Securities on X were the same way and now it seems Gensler has joined team in denial.

And the pre Gensler SEC has already commented on ETH as has the CFTC which is why any action he tries to take will end up him losing in court again. That doesn't even include several US states that have already objected to Genslers over reach.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 25, 2024, 10:56:46 AM
Quote from: gib on March 25, 2024, 03:50:15 AM
The law is already very clear. And the SEC has been clear all along - every issuer and operator of exchanges of such securities in the US must comply with the law.

The SEC cannot be expected to rule or comment on every single of an infinite number of security tokens. But it can re-iterate that the law must be complied with (which is has done, countless times).
The SEC already approved an ETH Futures ETF post-Merge. ETH is not a security. It fails the Howie Test. You want ETH to be a security because you don't want it to infringe on your BTC gains.

ETH is actually being held back at the moment because of all the FUD. A lot of blood and guts hard work has gone into the Ethereum project over the years. Way more than Bitcoin. Bitcoin is almost on autopilot. If Bitcoin ever hopes to become a smart contract platform they will have to get in the trenches like the Ethereum developers and get shit done. It will be a long road ahead. This shit doesn't happen overnight.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 25, 2024, 10:58:47 AM
Quote from: SouJerz on March 24, 2024, 05:32:01 PM
ETH to $14,000?
If the Spot ETF is approved there is a chance it might. But I expect anything from the SEC. They are desperate to contain and control. So who really knows. Nobody does. Except Blackrock, Gensler and his buddies.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 25, 2024, 11:13:57 AM
WTF is this? The majority of transactions are failing on SOL. Am I missing something?! EDIT: I just refreshed and there are not as many failed ones now. See this screenshot I took moments ago.

https://solanabeach.io/transactions

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on March 26, 2024, 07:41:54 AM
What is the probability that bitcoin will eventually go to zero?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 26, 2024, 01:25:58 PM
Quote from: Amerian Muscle on March 26, 2024, 07:41:54 AM
What is the probability that bitcoin will eventually go to zero?
Zero, most likely. Michael Saylor has already said he is willing to ride Bitcoin down to zero. That's diamond hands. He's not the only one. BTC's price is based on supply and demand. Someone sells for whatever reason. They lost their job, a spouse got sick, they want to buy a house, etc. The price hits a target, they sell for a myriad of reason. It is possible that Bitcoin can dump to $1,000. Highly unlikely. But it definitely will never dump to zero, barring a crisis like the BTC network is hacked via quantum computing, a major asteroid hits the Earth, a major global Nuclear War with 5000 + nukes. Even then, it technically won't hit zero. It might just cease to exist, for example, in a Mad Max scenario of total society collapse.

And the US debt is growing by $1 trillion ever 180 days. It is mathematically impossible to reverse the growing debt crisis. They will start to inflate the money supply at some point, and the dollar will continue its devaluation.

If a lot of BTC is sold the price dumps until new buyers come in to buy it up. The supply and demand mechanism is also why the price of Bitcoin or any other Crypto can shoot up a huge amount, orders of magnitude more than the dollar amount involved in the transactions. Let's say someone wants to buy 1000 BTC. If they place an order like that chances are it won't be filled unless the price is attractive, because people will want the price to be higher now since they realize it is in demand. Another analogy can be buyers bidding on art work or classic cars. The price goes up as more people bid on it, and if the collectible is in high demand.

The price can dump fast also, as fear sits in. You might have BTC holders who are not as resolved as Saylor. They may need the money to keep themselves afloat for the next 1-4 years. So they get worried that the price may dump too much so they sell to ensure they have the funds required. If a large enough amount is sold traders start to flip bearish and before you know it the price corrects downward by a significant amount. There are tens of thousands of traders if not more watching the crypto charts daily. And in a way they all influence each other.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 26, 2024, 01:40:33 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 26, 2024, 01:44:17 PM
https://twitter.com/CraigSalm

Per Chief Legal Officer @Grayscale

1/ Recently, there’s been a lot of chatter about spot #Ethereum ETFs. I personally am not deterred by it and believe the ETFs should be approved. But right now I want to talk about how I think perceived “lack of SEC engagement” should be viewed at this point:

2/ In the final months leading up to #Bitcoin ETF approval, @Grayscale and others received positive and constructive engagement from the SEC. We had thoughtful conversations and discussed the finer details of creation/redemption procedures, cash v. in-kind, APs, LPs, custody etc.

3/ All of these issues were figured out and are identical when comparing spot #Bitcoin to  #Ethereum ETFs. The only difference is rather than the ETF holding bitcoin, it holds ether. So in many ways, the SEC already has engaged and issuers simply have less to engage on this time.

4/ Perhaps I will feel differently as we get closer to final approve/deny dates in late May 2024, but at this point, I don’t think perceived lack of engagement from regulators should be indicative of one outcome or another.

5/ Further, I 100% agree w what others like @iampaulgrewal and @BrianQuintenz have said about why spot #Ethereum ETFs should be approved: consistency w ETH futures ETFs, regulation of ETH futures as commodity futures (vs. security futures), high correlation btw futures and spot.

6/ Investors want and deserve access to #Ethereum in the form of a spot Ethereum ETF and Grayscale believes the case is just as strong as it was for spot #Bitcoin ETFs. We look forward to engaging with the Commission on these important products. $ETHE
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 27, 2024, 01:29:23 PM
https://cryptoslate.com/fidelity-files-registration-statement-for-ethereum-etf-despite-regulatory-uncertainty/

Fidelity files registration statement for Ethereum ETF despite regulatory uncertainty

Fidelity's actions, alongside those of other firms aiming to introduce spot ether ETFs, illustrate the growing interest in integrating digital assets into traditional financial products.

Fidelity Investments has taken another step in its effort to launch a spot Ethereum ETF, filing a registration statement on March 27 despite the uncertain regulatory landscape.

The move follows a previous filing by Cboe, the exchange planned for this ETF, which submitted a form 19b-4 to the SEC on Fidelity’s behalf in November 2023.

Fidelity’s actions, alongside those of other firms aiming to introduce spot ether ETFs, illustrate the growing interest in integrating digital assets into traditional financial products. Yet, obtaining regulatory approval presents a notable challenge, highlighting the evolving and uncertain nature of crypto regulation.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: El Diablo Blanco on March 27, 2024, 01:32:49 PM
This shit has turned to the biggest money laundering scheme around.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 27, 2024, 01:36:09 PM
Quote from: El Diablo Blanco on March 27, 2024, 01:32:49 PM
This shit has turned to the biggest money laundering scheme around.
How so? Can you elaborate?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 27, 2024, 03:54:40 PM
Quote from: obsidian on March 26, 2024, 01:25:58 PM
Zero, most likely. Michael Saylor has already said he is willing to ride Bitcoin down to zero. That's diamond hands. He's not the only one. BTC's price is based on supply and demand.

And the US debt is growing by $1 trillion ever 180 days. It is mathematically impossible to reverse the growing debt crisis. They will start to inflate the money supply at some point, and the dollar will continue its devaluation.

PlanB blocked me years ago for challenging his supply/demand view. Perception/evaluation of value comes first, supply/demand is second. Trust your retarded friend on this one as just like with inflation, the masses are taught incorrectly. You can run out of horseshit, it doesn’t mean the price can magically change.

The measure of perceived value is done against other items around it 🤌  The scarcity narrative is used because the masses are dumb and have an attention span of 5 seconds so it’s a very easy sell to them. The alternative is educating Grandma Boomer on blockchain 🤪 if the genuine highly smart people actually believed this is be pretty surprised, they should be driving this to masses for greater adoption (rightly or wrongly is irrelevant if mass adoption is the objective).

Be careful being sucked too much into the currency printing. We already had the spike, it’s done. Now we stabilise on a future steady trendline. Gold did a 2.5x from peak once they depegged it. BTC did a 3x from peak after the biggest money printing in history. Gold then went down for 20yrs….. people are expecting BTC to go forever up.

Inflation expectations from the masses are all wrong, the they have recessions wrong, unemployment wrong, property wrong, recessions wrong, GDP wrong. Gold wrong. BTC targets wrong. When price goes up it matters not how much of a spastic you are, you will be right, the question is for how long does your winning streak last as all gamblers face this inevitable question and all answer the same ‘I’m about even or slightly up’.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 27, 2024, 03:59:46 PM
Quote from: obsidian on March 27, 2024, 01:36:09 PM
How so? Can you elaborate?

I outlined a plan to a black market acquaintance but I’m not outlining that shit here. You need to use a clean slate and run according to local taxation laws. It isn’t about avoiding tax it’s about turning bad money to clean which is pretty easy. Tax is black and white so you eliminate grey and you are fine.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 27, 2024, 07:51:56 PM
Quote from: Mayday on March 27, 2024, 03:54:40 PM
PlanB blocked me years ago for challenging his supply/demand view. Perception/evaluation of value comes first, supply/demand is second. Trust your retarded friend on this one as just like with inflation, the masses are taught incorrectly. You can run out of horseshit, it doesn’t mean the price can magically change.

The measure of perceived value is done against other items around it 🤌  The scarcity narrative is used because the masses are dumb and have an attention span of 5 seconds so it’s a very easy sell to them. The alternative is educating Grandma Boomer on blockchain 🤪 if the genuine highly smart people actually believed this is be pretty surprised, they should be driving this to masses for greater adoption (rightly or wrongly is irrelevant if mass adoption is the objective).

Be careful being sucked too much into the currency printing. We already had the spike, it’s done. Now we stabilise on a future steady trendline. Gold did a 2.5x from peak once they depegged it. BTC did a 3x from peak after the biggest money printing in history. Gold then went down for 20yrs….. people are expecting BTC to go forever up.

Inflation expectations from the masses are all wrong, the they have recessions wrong, unemployment wrong, property wrong, recessions wrong, GDP wrong. Gold wrong. BTC targets wrong. When price goes up it matters not how much of a spastic you are, you will be right, the question is for how long does your winning streak last as all gamblers face this inevitable question and all answer the same ‘I’m about even or slightly up’.

Tell me you’re not a whole coiner without telling you’re not a whole coiner.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 28, 2024, 02:53:24 AM
Quote from: El Diablo Blanco on March 27, 2024, 01:32:49 PM
This shit has turned to the biggest money laundering scheme around.

No, that would actually be the US banking system...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 28, 2024, 03:00:29 AM
Quote from: obsidian on March 26, 2024, 01:44:17 PM
https://twitter.com/CraigSalm

Per Chief Legal Officer @Grayscale

3/ All of these issues were figured out and are identical when comparing spot #Bitcoin to  #Ethereum ETFs. The only difference is rather than the ETF holding bitcoin, it holds ether. So in many ways, the SEC already has engaged and issuers simply have less to engage on this time.


Not the only difference at all. Eth was launched as a security. BTC was conceived as, and has remained at all times, a commodity.

And just because another organization (the SME), allowed Eth futures contracts to be traded, this does not mean the SEC needs to (or will) take the same view for any security it considers for approval for trading. Indeed, the SEC may well take the entirely opposite view, which is that Eth is a security, which should be obvious when you look at the history of Eth, its founders, and the control of Eth, and when you apply the well-established Howey test.

Those speculating on the hope that an ETH ETF gets approved, and then further on the hope that if approved demand increases, and then assuming further that any of these hopes have not already been priced in, are risking large downside on any non-approval. ETH has already performed terribly against BTC over the last year (down around 22%), and this is poised to continue as funds flow out from Eth and into BTC and also out from Eth to Sol, and other de-gen type coins.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on March 28, 2024, 09:26:06 AM
What's your guys view on the s&p 500 over the next few months?

It's been a juicy period, but how long before the correction?

I've been meaning to take out about a 3rd of my holdings to prop up my business during a slow period. I wonder if I should sell it this week or wait a while.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on March 28, 2024, 09:55:02 AM
Sam got 25.

Rumours are that prison industry insider and crypto pioneer Dr Goodrum is keeping him safe on the inside.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on March 28, 2024, 09:56:36 AM
Quote from: a_pupil on March 28, 2024, 09:26:06 AM
What's your guys view on the s&p 500 over the next few months?

It's been a juicy period, but how long before the correction?

I've been meaning to take out about a 3rd of my holdings to prop up my business during a slow period. I wonder if I should sell it this week or wait a while.

Nobody knows.  What we do know is that historically, bull markets last longer than bear markets, and that time in the market is what creates wealth, not timing the market.

(https://i.insider.com/54a4288f6da8118341b27bb3?width=1200format=jpeg&auto=webp)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 28, 2024, 11:01:15 AM
Quote from: gib on March 28, 2024, 03:00:29 AM
Not the only difference at all. Eth was launched as a security. BTC was conceived as, and has remained at all times, a commodity.

And just because another organization (the SME), allowed Eth futures contracts to be traded, this does not mean the SEC needs to (or will) take the same view for any security it considers for approval for trading. Indeed, the SEC may well take the entirely opposite view, which is that Eth is a security, which should be obvious when you look at the history of Eth, its founders, and the control of Eth, and when you apply the well-established Howey test.

Those speculating on the hope that an ETH ETF gets approved, and then further on the hope that if approved demand increases, and then assuming further that any of these hopes have not already been priced in, are risking large downside on any non-approval. ETH has already performed terribly against BTC over the last year (down around 22%), and this is poised to continue as funds flow out from Eth and into BTC and also out from Eth to Sol, and other de-gen type coins.
It was the SEC that approved 9 Ether futures to be traded on regulated commodity exchanges. And they did that after the Merge to Proof of Stake.

To my knowledge, unregistered securities cannot trade on commodity exchanges.

https://finance.yahoo.com/news/sec-approves-9-ether-futures-223937256.html#:~:text=Ethereum%20futures%20exchange%2Dtraded%20funds,encouraging%20sign%20for%20cryptocurrency%20investors.

SEC Approves 9 Ether Futures ETFs

Ethereum futures exchange-traded funds hit the market Monday after the SEC approved nine products simultaneously in an encouraging sign for cryptocurrency investors.

https://www.investopedia.com/ether-futures-etf-definition-8363103#:~:text=Unlike%20spot%20cryptocurrency%20ETFs%2C%20which,cryptocurrency%20of%20the%20Ethereum%20network.

How Ether Futures ETFs Work and How To Invest

An ether futures exchange-traded fund (ETF) is an investment vehicle that enables exposure to ether (ETH), the native cryptocurrency of the Ethereum blockchain, through futures contracts. Unlike spot cryptocurrency ETFs, which hold ether directly, an ether futures ETF invests in ether futures contracts that trade on regulated commodity exchanges.

Regarding Solana, first of all, the transactions volume is inflated because they include voting and spamming / bots in many of the comparisons. The real volume is similar to other blockchains. Solana also has a lot of failed transactions because of the spamming. Solana is inflationary, Ethereum is deflationary.

Coinbase's BASE Ethereum L2 has surpassed Solana's in total value locked.

https://finance.yahoo.com/news/coinbases-network-outpaces-solana-growing-033047425.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuYmluZy5jb20v&guce_referrer_sig=AQAAAE1DTHwfSQ047FReRBvrsbPkNL21v8n5oNzb_2WulfbP4C_wQma96UhvJjgZByHsYq_IA1TFzrqXyXovwCM8ezDB3rg9IczPcKhKDuGC3Vv9mHMuVSvyxOlRjweeNkvQ-G94yvMMrFmYJ-_rROnR8Lea4DxhQuioWfHyknbFUDiZ

Coinbase's Base network outpaces Solana with growing total value locked

Coinbase (NASDAQ:COIN)'s layer-2 network, Base, has experienced significant growth since its mainnet went live approximately six weeks ago. As of Monday, the total value locked (TVL) on Base reached $370.29 million, surpassing Solana, which holds a TVL of $310.43 million. This surge in TVL comes despite a service interruption experienced by Base in early September.

Ethereum dominates in the number of active developers. When you add the Ethereum L2 developers it's even more impressive. Polygon alone has almost double the number of developers compared to Solana or Bitcoin:

Ethereum - 2,392
Polygon ETH L2- 792
Arbitrum ETH L2 - 592
BNB - 498
Solana - 436
Optimism ETH L2 - 432
Bitcoin - 356
Base ETH L2 - 189

Just adding these L2 developers with Ethereum's yields a total of 4,397 active developers. And that does not include all the developers in the Ethereum ecosystem. It dwarfs Bitcoin. This is why I am saying Ethereum is blood and guts work in the trenches compared to autopilot Bitcoin.

https://www.developerreport.com/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 28, 2024, 11:07:55 AM
Doge is doing nicely. Up 129.61% the past 30 days! I gained about $20,000 in 30 days with this increase. Would be great to see it go to $1 eventually.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 29, 2024, 12:47:30 PM
Tokenized Treasuries passed $1 billion. 63% of that is on Ethereum. Blackrock's BUIDL sits at $274.8 million after 8 days. Franklin Templeton's $FOBXX has a market cap of $360 million after 388 days. $FOBXX is on EThereum L2 Polygon and Stellar.

$8.8 million has been allocated on Solana.

https://app.rwa.xyz/treasuries

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 30, 2024, 02:45:00 AM
Quote from: Flexacon on February 28, 2024, 02:59:51 PM
ETH is gonna be fine whatever happens. You'll get 10K minimum either this year or next.

ETF with staking is the most bullish scenario, but unlikely to be approved.
ETF without staking keeps things ticking along. Looks the most likely.
No ETF will cause an ETH sell off, but the dip will be bought hard and ETH still has plenty of other bullish catalysts

Doge did pretty well recently, but it looks like VCs and WS degens have chosen PEPE and WIF as this cycles memecoins. I got on WIF early and it's already x8 and still hasn't been listed on tier 1 exchanges. If you have any SOL on the network roll it into WIF. It will outperform it by multiples.

WIF is up x6 in a month since this post. I'm now up x45

I was told I would be crying for not buying bitcoin in the bear market. Those posters were right. I'm crying from laughter!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 30, 2024, 09:02:44 AM
Quote from: obsidian on March 29, 2024, 12:47:30 PM
Tokenized Treasuries passed $1 billion. 63% of that is on Ethereum. Blackrock's BUIDL sits at $274.8 million after 8 days. Franklin Templeton's $FOBXX has a market cap of $360 million after 388 days. $FOBXX is on EThereum L2 Polygon and Stellar.

$8.8 million has been allocated on Solana.

https://app.rwa.xyz/treasuries



ETH to $15,000!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 30, 2024, 09:04:50 AM
Quote from: Flexacon on March 30, 2024, 02:45:00 AM
WIF is up x6 in a month since this post. I'm now up x45

I was told I would be crying for not buying bitcoin in the bear market. Those posters were right. I'm crying from laughter!

^~~~~~~This guy FUCKS!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 30, 2024, 11:54:26 PM
Quote from: Flexacon on March 30, 2024, 02:45:00 AM
WIF is up x6 in a month since this post. I'm now up x45

I was told I would be crying for not buying bitcoin in the bear market. Those posters were right. I'm crying from laughter!

Well it's nice to have such results - good on you. But here is the reality:

1. If you invested any substantial amount of money into one of hundreds of thousands of meme-coins at the time you suggested, you were a fool (who deserved to lose his money, and probably often does).

2. If you now hold any such meme coin which you were lucky enough to pick, and are not now selling, then again, you are a fool (who deserves to lose his money, and probably often does).

3. Don't confuse investing skill, with the luck of picking a meme coin which happens to do well. Same thing can be done with people who pick thinly traded penny stocks, with zero knowledge of fundamentals, hoping they may go up. Eventually one does, but this does not make them a good investor. It makes them a lucky investor (who probably will lose money over the long term).

4. For all the many meme coins with short-term-upside over BTC, many more never outperform BTC in the short-term, let along the long-term, and make money only primarily for the founder/scammer and those early on in the scam. So whilst you might occasionally get a coin with a 100x return, reality is that only 1/1000 such "investments" will make such a return, with the rest losing.

5. In the long term, BTC will outperform almost any shitcoin. We are seeing this even with last cycle's favorite ETH, which has over the last few years been on a slow and steady decline to BTC (despite its much smaller market cap), and we will see it with 99.9999% against any "alt", over any reasonable period of time.

6. Most people who made gains on a shitcoin, will indeed be crying if they don't "cash in" and convert their alt-gain to BTC. Many think they can "time it". the vast majority don't get it right.

My approach, for what its worth, is to first of all understand that there is in fact no realistic "alt" to Bitcoin (in terms of being the global baselayer store of value). and then second, to only buy/hold "alts" (for lack of a better word) which have fundamental long term value and technical feasibility, which I will hodl very long term over numerous cycles- examples include Chainlink. Uniswap, and Filecoin. The value investor in me simply cannot bring myself to buy memes and engage in de-gen shitcoinery. :)

PS - of Chainlink. Uniswap, and Filecoin, which I think are all long term hodl (think a decade ahead), I think the price and adoption of Filecoin in particular will be mind-blowing in years to come. So expect me, some time in the future, to come back on this post and tell you, I told you so. (Anyone interested, can check out a little more detail on FIL at www.filecointldr.io)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 31, 2024, 03:23:58 AM
Quote from: gib on March 30, 2024, 11:54:26 PM

PS - of Chainlink. Uniswap, and Filecoin, which I think are all long term hodl (think a decade ahead), I think the price and adoption of Filecoin in particular will be mind-blowing in years to come. So expect me, some time in the future, to come back on this post and tell you, I told you so. (Anyone interested, can check out a little more detail on FIL at www.filecointldr.io)

You know the same guy (Arthur Hayes) that was doing those Filecoin videos you posted is the same guy that's been pumping WIF for months

Talk about irony...

Arthur Hayes@CryptoHayes
TradFi better watch out. When we $WIF hat, anything is possible.

https://twitter.com/CryptoHayes/status/1753660604232179880

Arthur Hayes@CryptoHayes Jan 15
"ETF Wif Hat" is an essay that explores the arbitrage trading opportunities that US and soon to be HK listed spot $BTC ETFs create.

Quote from: gib on January 01, 2024, 10:16:55 PM
Yes, the concept has promise for sure.

For those interested in legit "alts" I would strongly suggest you look at FILECOIN (FIL). I won't put the full explanation, but for anyone who takes just a little time to read the link below, it will be very obvious how much massive potential FIL has.

Basically, Filecoin is on its way to revolutionizing how we store data. It is already making money, growing in revenues and adoption, improving usability, and building out various new functionality which will make it essential to so many areas of crypto beyond just data storage.

Even better, FIL comes at a post-ICO boom / bust price, and is well listed on all major crypto exchanges. So not just one of the few legit projects with true upside, but also at a price that actually represents legitimate value.

https://filecointldr.io/



Great time to add to FIL btw as it's about to breakout in a more aggressive way*
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 31, 2024, 03:38:10 AM
I personally am super bullish on Ethereum. The new Dencun upgrade has been a success. Coinbase's ETH L2 is setting records!

https://cointelegraph.com/news/coinbase-ethereum-layer-2-base-record-dex-volume

As far as Ethereum's commodity or security status. Think about this. Ethereum Futures are listed on the Chicago Mercantile Exchange (CME). That exchange does not list securities at all. So if ETH was a security, then how the hell can its futures be listed on a commodity exchange? Also note that the ETH futures were approved after Ethereum made the switch to Proof Of Stake, and after the April 2023 Shanghai upgrade that allowed unstaking. The Howey Test also falls flat on its face when it comes to solo ETH staking validators. People who operate these solo stakers have to put sweat and equity in to acquire the hardware, ETH collateral, electricity, internet access, a secure building, etc. The validator requires maintenance and updates on a regular basis. Direct work is being performed by the staker to participate in the consensus function of the Ethereum Network. This role is really no different that a Proof of Work miner, in fact I would say there are more steps involved with staking. 32 ETH has to be acquired, and there are penalties if a validator goes offline or the hardware fails. There is no way the SEC would be able to male the argument that validators are expecting a profit based on the work of others, The validators are literally the ones doing the work!

There are plans to make solo staking easier and more attainable for everyone. Buterin has mentioned using a cell phone as a validator. It sounds like a great idea, if they are able to implement it effectively.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on April 02, 2024, 01:20:40 AM
Quote from: gib on June 23, 2023, 11:20:07 AM
I would think we will be well over 100K per BTC coin by March 2024. Once the demand squeeze happens, the spike will be insane, and self-fulfilling, and very fast.

Well over 100k by March 2024, right? :D :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 02, 2024, 01:40:08 AM
Quote from: affeman on April 02, 2024, 01:20:40 AM
Well over 100k by March 2024, right? :D :D

Correct - that's what I thought would be quite likely. We got around 74% of the way there...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 02, 2024, 01:41:22 AM
Quote from: affeman on April 02, 2024, 01:20:40 AM
Well over 100k by March 2024, right? :D :D

Either way, we key of course is to accumulate, hodl, and let time do its thing, and the long term to the trend is up. 100 K will be here before you know it. Be patient young Jedi...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on April 02, 2024, 08:46:33 AM
Quote from: gib on April 02, 2024, 01:41:22 AM
Either way, we key of course is to accumulate, hodl, and let time do its thing, and the long term to the trend is up. 100 K will be here before you know it. Be patient young Jedi...

Just scooped up a few more Satoshi’s!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 02, 2024, 01:56:45 PM
It appears that Ethereum is more resistant to attacks than Bitcoin. An Ethereum attacker would first have to acquire enough Ethereum. The problem is as they start accumulating the price goes up. Eventually it would become very expensive. Let's say it is a State Actor with vast resources. The Ethereum community and developers would first of all notice something is afoot. Once all that Ethereum has been acquired, it needs to be configures as validators. That also requires hardware, electricity, internet, etc. Not to mention the attackers' Ethereum would be slashed as a penalty for their dishonest validators.

A post from Reddit:

https://www.reddit.com/r/ethereum/comments/11duz5f/is_ethereum_more_secure_than_bitcoin_at_this_point/

Both would require billions in fiat, but you're being stupid when thinking about how an attacker would get ASICs. They would build factories to produce them, not buy them from the market.

Lets work out their budget, how much could they spend and still be less than attacking Ethereum? So there is currently about 17 million ether staked. That works out to about $28 billion. To be equivalent to a 51% attack on PoW, an Ethereum attacker would need 2/3rds of the total stake, meaning double the current amount staked... $56 billion (assuming that the price is unchanged despite buying vastly more ether than is liquid anywhere).

For that amount of money you could build 10-20 Tesla gigafactories and still have plenty of billions left for expenses.

It is very silly to build your argument on the idea that ASICs are a limited resource and think that security comes from there not being enough for sale. That is true for ether, an attacker has literally no way to produce their own, they have to buy it from the market. That is not true for ASICs when we're talking about these amounts of money.

^^^^^^^^^^^^^^
The $28 billion figure for 17 million ETH is wrong. At current prices that over $54 billion. And the price will go up. Nobody will be able to buy 17 million ETH in one transaction. The orders can't be filled. They would have to purchase in increments and the cost would increase to probably over $1 trillion dollars. And the ETH community will realize something is up.

https://unchainedcrypto.com/51-attacks-on-bitcoin-and-ethereum-impossible-coinmetrics/

Attacking Ethereum Costs More Than an Attack on Bitcoin: CoinMetrics
The cost to attack Bitcoin ranges from $5 billion to $20 billion, while it would cost over $34 billion to attack Ethereum, according to CoinMetrics. Even then, researchers found no way for the attacker to profit and the network would still survive.

^^^^^^^^^^^^^^^^^^^^
I would say it would cost a lot more than $34 billion to attack Ethereum. The price would shoot up significantly as the attacker tries to acquire more ETH.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Marty Champions on April 02, 2024, 06:42:45 PM
Go get cha bitchcoin while spplies last whole net profit of 1% year over year  fakecoin bitchcoin
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: AbrahamG on April 02, 2024, 08:22:55 PM
Quote from: Marty Champions on April 02, 2024, 06:42:45 PM
Go get cha bitchcoin while spplies last whole net profit of 1% year over year  fakecoin bitchcoin

Soar high oh Falcon.  Soar high.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 03, 2024, 01:10:47 AM
Quote from: Marty Champions on April 02, 2024, 06:42:45 PM
Go get cha bitchcoin while spplies last whole net profit of 1% year over year  fakecoin bitchcoin

Zoom out. Man up. And BTFD.

Up over 1200% since this thread started. And up 138% over the last year (not 1%).

Buy, stack and chill young jedi. In time you will understand...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Marty Champions on April 03, 2024, 07:38:19 AM
Quote from: gib on April 03, 2024, 01:10:47 AM
Zoom out. Man up. And BTFD.

Up over 1200% since this thread started. And up 138% over the last year (not 1%).

Buy, stack and chill young jedi. In time you will understand...
price has fallen to 2018 level , brilliant!

Hasnt done anything in 6 years but go down, if you cash out thats 30 percent in taxes so youre at a net loss or you dont pay the tax and go to jail
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Marty Champions on April 03, 2024, 07:46:41 AM
If you invest 10k and cash out if it goes to 12k youve made a whopping 1k if that
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 03, 2024, 08:22:30 AM
Quote from: Marty Champions on April 03, 2024, 07:38:19 AM
price has fallen to 2018 level , brilliant!

Hasnt done anything in 6 years but go down, if you cash out thats 30 percent in taxes so youre at a net loss or you dont pay the tax and go to jail

If you claim you made your entire investment into BTC on exactly 12 November 2021, you are either a liar, a fool, (or incredibly unlucky). And even if you did, had you just kept DCA'ing you would be well up (indeed as you would be had you just DCA'd from at any time after this thread started).

Second, in general we don't "cash out", going from a supreme asset, to back to declining fiat currency. We hodl and stack and chill. But either way, any Bitcoiner of any substance either lives in a jurisdiction where no capital gains is paid, or finds ways to hold freedom money in a way that the Government is not aware who owns it (unless of course they want to pay taxes, which is always their choice). Further, such taxes you mention, are imposed in the US on all asset classes, (all of which BTC has outperformed over since the start of this thread).

Stop making a fool out of yourself, learn more about Bitcoin (and improve your spelling and grammar). All these tips will help bring you success.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on April 03, 2024, 08:51:21 AM
Quote from: gib on April 03, 2024, 08:22:30 AM
If you claim you made your entire investment into BTC on exactly 12 November 2021, you are either a liar, a fool, (or incredibly unlucky). And even if you did, had you just kept DCA'ing you would be well up (indeed as you would be had you just DCA'd from at any time after this thread started).

Second, in general we don't "cash out", going from a supreme asset, to back to declining fiat currency. We hodl and stack and chill. But either way, any Bitcoiner of any substance either lives in a jurisdiction where no capital gains is paid, or finds ways to hold freedom money in a way that the Government is not aware who owns it (unless of course they want to pay taxes, which is always their choice). Further, such taxes you mention, are imposed in the US on all asset classes, (all of which BTC has outperformed over since the start of this thread).

Stop making a fool out of yourself, learn more about Bitcoin (and improve your spelling and grammar). All these tips will help bring you success.

Where do you take out your monthly "wage" from?

Eventually I'm hoping to sell my [roids] business, dump it all into investments and retire. Do you keep stocks to take an income from or do you take money out of crypto?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 03, 2024, 09:01:46 AM
Quote from: Marty Champions on April 03, 2024, 07:38:19 AM
price has fallen to 2018 level , brilliant!

Hasnt done anything in 6 years but go down, if you cash out thats 30 percent in taxes so youre at a net loss or you dont pay the tax and go to jail

Falcon is no longer soaring  :-[

Price is more than 3 times higher than 2018 level
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 03, 2024, 09:04:58 AM
Quote from: a_pupil on April 03, 2024, 08:51:21 AM
Where do you take out your monthly "wage" from?

Eventually I'm hoping to sell my [roids] business, dump it all into investments and retire. Do you keep stocks to take an income from or do you take money out of crypto?

Do it the MattC way. Add some rental properties to your investment portfolio if you have a relatively stress free way of doing it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 03, 2024, 09:14:42 AM
Quote from: affeman on April 02, 2024, 01:20:40 AM
Well over 100k by March 2024, right? :D :D

You were the one screaming the price was going to zero because it's all tulips. He was far more accurate in his prediction than you.

My man you lost this. You made zero here and he added considerably to his wealth and yet you try take a victory lap? More evidence you are a full on retard!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 03, 2024, 11:08:10 AM
Quote from: Flexacon on April 03, 2024, 09:14:42 AM
You were the one screaming the price was going to zero because it's all tulips. He was far more accurate in his prediction than you.

My man you lost this. You made zero here and he added considerably to his wealth and yet you try take a victory lap? More evidence you are a full on retard!

Ha ha - well said Flex!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 03, 2024, 11:10:12 AM
Quote from: a_pupil on April 03, 2024, 08:51:21 AM
Where do you take out your monthly "wage" from?

Eventually I'm hoping to sell my [roids] business, dump it all into investments and retire. Do you keep stocks to take an income from or do you take money out of crypto?

Me personally? Yes I have stocks and property for income. And a reasonable chunk of cash always on hand. But my gold and my Bitcoin I simply just hodl, with no intention of selling.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 03, 2024, 03:12:15 PM
So it begins. SEC is asking for ETH ETF comments. Ethereum Futures are already trading on commodity exchanges like the Chicago Mercantile Exchange (CME). If it was deemed a security the SEC would never have even allowed that.

Some people are also saying the lack of engagement between the SEC and ETH Spot applicants indicates that the ETH Spot approvals will not happen. Well, could it be that the engagement already occurred with the Bitcoin Spot ETFs? The ETH Spot applicants already modeled their applications based on what was learned during the Bitcoin Spot applications. The engagement with the SEC already occurred. The lack of engagement now does not mean the ETH Spot applications are dead on arrival.

https://decrypt.co/224693/ethereum-spot-etf-public-comment-period-sec

SEC Calls for Comments on Three Proposed Ethereum ETFs

A number of high-profile fund managers are hoping to get the green light from the regulator next month.

The U.S. Securities and Exchange Commission is asking the public to comment on three proposed Ethereum exchange-traded funds (ETFs)—the latest movement from the regulator for the much-anticipated investment products.

After issuing a series of delays in its decision making on Ethereum spot ETFs, Wall Street’s top regulator said Tuesday that Grayscale Investments, Fidelity, and Bitwise are now subject to a three-week comment period.

This is a standard part of the procedure for fund managers seeking approval from the SEC for an ETF, and the same thing happened with the spot Bitcoin ETF applications—U.S. citizens and organizations wrote to the SEC voicing their respective opinions on the proposed investment products.

All three fund managers have proposed a spot ETH ETF to the regulator. The idea would be that they would hold ETH and sell shares that track the asset's price.

In January, the SEC approved 11 spot Bitcoin (BTC) ETFs, allowing them to trade after a decade of denials. The investment vehicles now trade on stock exchanges and give traditional investors the ability to buy shares that track the price of the cryptocurrency.

And with huge inflows, they have been hugely popular.

Many of the same fund managers are now trying to get approval from the regulator to do the same with ETH, the second biggest digital coin by market cap.

British multinational bank Standard Chartered said in a January report that it expected ETH ETFs to get approval from the SEC by the May deadline.

However, industry analysts have since said that the regulator's approval of the products is less likely, and posited that a delay that puts space between Bitcoin and Ethereum spot ETFs would be a good thing.

The price of ETH now stands slightly below that at $3,314, per CoinGecko data. Unlike BTC, it is still very far off its 2021 all-time high of $4,878.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 03, 2024, 03:22:17 PM
Quote from: gib on April 03, 2024, 11:10:12 AM
Me personally? Yes I have stocks and property for income. And a reasonable chunk of cash always on hand. But my gold and my Bitcoin I simply just hodl, with no intention of selling.
You're doing it right. I think these are all solid moves you made and Bitcoin has proven to be the safest play during volatility. I do think you need to give Ethereum more credit though. What the thousands of ETH developers accomplished thus far is something else. It was extremely challenging to pull off the upgrades that were necessary to get it where it is now. The Cardanos and Solanas came a few years after Ethereum started the smart blockchain space and as such they were able to avoid significant upgrades that Ethereum required. Bitcoin is the father of Blockchains. Ethereum is the father of Smart Contract Blockchains. Both are very secure and as decentralized as they can be given their constraints. There's room for improvement sure. That's how it works with technology and networks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on April 03, 2024, 05:20:08 PM
Quote from: obsidian on April 03, 2024, 03:22:17 PM
You're doing it right. I think these are all solid moves you made and Bitcoin has proven to be the safest play during volatility. I do think you need to give Ethereum more credit though. What the thousands of ETH developers accomplished thus far is something else. It was extremely challenging to pull off the upgrades that were necessary to get it where it is now. The Cardanos and Solanas came a few years after Ethereum started the smart blockchain space and as such they were able to avoid significant upgrades that Ethereum required. Bitcoin is the father of Blockchains. Ethereum is the father of Smart Contract Blockchains. Both are very secure and as decentralized as they can be given their constraints. There's room for improvement sure. That's how it works with technology and networks.

But one is Proof of Work and the other is Proof of Stake
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 03, 2024, 08:50:34 PM
Quote from: SouJerz on April 03, 2024, 05:20:08 PM
But one is Proof of Work and the other is Proof of Stake
Correct. And the cost to attack a decentralized Proof of Stake decentralized network like Ethereum will actually be more than the cost to attack a decentralized Proof of Work network like Bitcoin. Not only would the attackers have to acquire sufficient Ethereum, they will also have to set up validators. The price of Ethereum will shoot up as they try to accumulate a sufficient number of ETH. The ultimate cost would be more than what is required to develop / build enough ASIC miners to take over 51% of the Bitcoin hashrate.

Here's a link where it is discussed. I think the numbers are off and conservative.

Proof Of Stake also has the added benefit of using less energy.

https://www.bitcoinsensus.com/51-percent-attack-cost-ethereum/

Cost to Attack Ethereum Network Higher than Bitcoin’s, Say Researchers

Revealing the True Cost of Compromising Blockchain Integrity: Insights from CoinMetrics

CoinMetrics’ research highlights the impracticality and high financial barrier to executing a 51% attack on Bitcoin and Ethereum.
An attack on Bitcoin could cost over $20 billion, while compromising Ethereum would exceed $34 billion, making these attacks economically unfeasible.
Despite concerns about Liquid Staking Derivatives (LSDs), the study shows they cannot be leveraged for network attacks, reinforcing the security of these blockchains.

According to recent findings by CoinMetrics, an on-chain analytics firm, carrying out a 51% attack on the Bitcoin and Ethereum blockchains would not only be exorbitantly costly but also unprofitable and ineffective. These insights shed light on the robust security measures underpinning the two largest cryptocurrencies by market capitalization.

Understanding the 51% Attack Threat

A 51% attack, a potential threat in blockchain technology, involves a group of miners or entities gaining control of more than half of a network’s mining hash rate in Proof-of-Work (PoW) systems, or nodes in Proof-of-Stake (PoS) settings. This control could, theoretically, allow them to manipulate network transactions and double-spend coins. However, the size and strength of a network play a pivotal role in its security, making larger networks like Bitcoin and Ethereum less vulnerable to such attacks.

CoinMetrics’ research, led by Lucas Nuzzi, the head of research and development, quantifies the Total Cost to Attack (TCA) for both Bitcoin and Ethereum. The findings reveal that an attack on Bitcoin would require the purchase of approximately 7 million ASIC miners, a venture that could exceed $20 billion, significantly outweighing any potential gains from the attack. This cost estimation takes into account the market’s reaction to such a large-scale acquisition of ASICs.

The Prohibitive Costs of Attacking Bitcoin and Ethereum

Similarly, targeting Ethereum would be even more costly, estimated at over $34 billion. This figure is based on Ethereum’s current metrics, including its price, the total amount of staked ETH, and the number of validators. The complexity of carrying out such an attack on Ethereum is further compounded by its PoS mechanism, which has a churn limit preventing the immediate deployment of a large amount of stake, extending the time required for an attack to over six months.

Another aspect explored in the study is the potential risk posed by Liquid Staking Derivatives (LSDs), such as those offered by staking services like Lido and RocketPool. Lido, which controls a significant portion of staked ETH, poses a theoretical risk to Ethereum’s network security. However, Nuzzi clarifies that leveraging LSDs to manipulate block templates is not a viable strategy for attackers.

LSDs and Network Security: Dispelling the Myths

The research concludes that the costs associated with carrying out a 51% attack on either Bitcoin or Ethereum far outweigh any potential benefits. This economic disincentive, coupled with the technical challenges involved, makes such attacks highly improbable and reinforces the security and resilience of these leading blockchain networks. The findings provide reassurance to investors and participants in the cryptocurrency ecosystem about the robustness of these digital currencies against potential threats.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on April 04, 2024, 02:21:43 AM
Quote from: obsidian on April 03, 2024, 08:50:34 PM
Correct. And the cost to attack a decentralized Proof of Stake decentralized network like Ethereum will actually be more than the cost to attack a decentralized Proof of Work network like Bitcoin. Not only would the attackers have to acquire sufficient Ethereum, they will also have to set up validators. The price of Ethereum will shoot up as they try to accumulate a sufficient number of ETH. The ultimate cost would be more than what is required to develop / build enough ASIC miners to take over 51% of the Bitcoin hashrate.

Here's a link where it is discussed. I think the numbers are off and conservative.

Proof Of Stake also has the added benefit of using less energy.

https://www.bitcoinsensus.com/51-percent-attack-cost-ethereum/

Cost to Attack Ethereum Network Higher than Bitcoin’s, Say Researchers

Revealing the True Cost of Compromising Blockchain Integrity: Insights from CoinMetrics

CoinMetrics’ research highlights the impracticality and high financial barrier to executing a 51% attack on Bitcoin and Ethereum.
An attack on Bitcoin could cost over $20 billion, while compromising Ethereum would exceed $34 billion, making these attacks economically unfeasible.
Despite concerns about Liquid Staking Derivatives (LSDs), the study shows they cannot be leveraged for network attacks, reinforcing the security of these blockchains.

According to recent findings by CoinMetrics, an on-chain analytics firm, carrying out a 51% attack on the Bitcoin and Ethereum blockchains would not only be exorbitantly costly but also unprofitable and ineffective. These insights shed light on the robust security measures underpinning the two largest cryptocurrencies by market capitalization.

Understanding the 51% Attack Threat

A 51% attack, a potential threat in blockchain technology, involves a group of miners or entities gaining control of more than half of a network’s mining hash rate in Proof-of-Work (PoW) systems, or nodes in Proof-of-Stake (PoS) settings. This control could, theoretically, allow them to manipulate network transactions and double-spend coins. However, the size and strength of a network play a pivotal role in its security, making larger networks like Bitcoin and Ethereum less vulnerable to such attacks.

CoinMetrics’ research, led by Lucas Nuzzi, the head of research and development, quantifies the Total Cost to Attack (TCA) for both Bitcoin and Ethereum. The findings reveal that an attack on Bitcoin would require the purchase of approximately 7 million ASIC miners, a venture that could exceed $20 billion, significantly outweighing any potential gains from the attack. This cost estimation takes into account the market’s reaction to such a large-scale acquisition of ASICs.

The Prohibitive Costs of Attacking Bitcoin and Ethereum

Similarly, targeting Ethereum would be even more costly, estimated at over $34 billion. This figure is based on Ethereum’s current metrics, including its price, the total amount of staked ETH, and the number of validators. The complexity of carrying out such an attack on Ethereum is further compounded by its PoS mechanism, which has a churn limit preventing the immediate deployment of a large amount of stake, extending the time required for an attack to over six months.

Another aspect explored in the study is the potential risk posed by Liquid Staking Derivatives (LSDs), such as those offered by staking services like Lido and RocketPool. Lido, which controls a significant portion of staked ETH, poses a theoretical risk to Ethereum’s network security. However, Nuzzi clarifies that leveraging LSDs to manipulate block templates is not a viable strategy for attackers.

LSDs and Network Security: Dispelling the Myths

The research concludes that the costs associated with carrying out a 51% attack on either Bitcoin or Ethereum far outweigh any potential benefits. This economic disincentive, coupled with the technical challenges involved, makes such attacks highly improbable and reinforces the security and resilience of these leading blockchain networks. The findings provide reassurance to investors and participants in the cryptocurrency ecosystem about the robustness of these digital currencies against potential threats.


So hopefully Ethereum ETF is denied price drops and it’s a great buy opportunity!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 04, 2024, 06:24:27 AM
Quote from: Marty Champions on April 03, 2024, 07:38:19 AM

"Hasnt done anything in 6 years but go down, if you cash out thats 30 percent in taxes so youre at a net loss or you dont pay the tax and go to jail?"

Quote from: gib on April 03, 2024, 08:22:30 AM
If you claim you made your entire investment into BTC on exactly 12 November 2021, you are either a liar, a fool, (or incredibly unlucky). And even if you did, had you just kept DCA'ing you would be well up (indeed as you would be had you just DCA'd from at any time after this thread started).

Second, in general we don't "cash out", going from a supreme asset, to back to declining fiat currency. We hodl and stack and chill. But either way, any Bitcoiner of any substance either lives in a jurisdiction where no capital gains is paid, or finds ways to hold freedom money in a way that the Government is not aware who owns it (unless of course they want to pay taxes, which is always their choice). Further, such taxes you mention, are imposed in the US on all asset classes, (all of which BTC has outperformed over since the start of this thread).

Stop making a fool out of yourself, learn more about Bitcoin (and improve your spelling and grammar). All these tips will help bring you success.

Its really quite sad posters like this. Same type of guy whining every time from 1K up to now 60K at all the little dips along  the way, It should really be quite obvious. BTC goes up, OVER TIME. When there is a dip, FTFD!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 05, 2024, 01:16:49 AM
A strong criticism of the seemingly endless ongoing changes within that spaghetti mess that is ETH.

ETH is now down 16% to BTC last 6 months, and appears poised to continue to decline. This clip explains a little further...

&t=297s
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 05, 2024, 02:08:15 AM
Quote from: Marty Champions on April 03, 2024, 07:38:19 AM
price has fallen to 2018 level , brilliant!

Hasnt done anything in 6 years but go down, if you cash out thats 30 percent in taxes so youre at a net loss or you dont pay the tax and go to jail
Lol your post is funny. Have you looked at the charts?! It's up more than 6X from the 2018 price levels.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 05, 2024, 02:10:43 AM
Just as I suspected, Solana transactions are failing at record levels. I saw those failed transactions on Solana Beach. Looks like they are having trouble coping with all the spam.

https://cointelegraph.com/news/solana-struggling-record-seventy-five-percent-trasnactions-fail-memecoin-mania

Solana struggles: Record 75% of user txs are failing... or are they?

The Solana network appears to be struggling to keep up with a ravenous demand for memecoins, with data showing roughly 75% of transactions on the network currently failing.

Roughly three-quarters of all transactions on the Solana network have been failing amid a deluge of activity brought by the recent memecoin mania on Solana; however, proponents say the data is being widely misinterpreted.

Dune Analytics data shows that on April 4, just over 75% of all “non-vote” Solana transactions failed, the highest failure rate on record.

(https://s3.cointelegraph.com/uploads/2024-04/c5244d0b-dfe4-4c4b-925b-17c735981f6a.png)

75.4% of non-vote transactions on Solana have failed. Source: Dune Analytics

The uptick has been paralleled by a recent uproar from Solana users on social media, complaining of failed transactions and degraded user experience.

In an April 4 post to X, pseudonymous trader Altcoin Sherpa said that while he still believed Solana would cement itself as the blockchain network for retail adoption, he noted that the current user experience was currently less than ideal.

“As much as I think that SOL is the chain for retail this cycle — the experience is f---ing brutal lately.”
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 05, 2024, 02:22:53 AM
Quote from: gib on April 05, 2024, 01:16:49 AM
A strong criticism of the seemingly endless ongoing changes within that spaghetti mess that is ETH.

ETH is now down 16% to BTC last 6 months, and appears poised to continue to decline. This clip explains a little further...

&t=297s
And to think that's after all the ETF inflows Bitcoin experienced. I would not brag about those numbers. I just checked the 3-month chart and BTC is up 50.52% and ETH is up 43.92%. I am staking ETH so let's add in my 3% yield. So from my point of view it is 50.52% vs 47%. And remember Bitcoin is getting constant airwaves on the mainstream channels. Many people have not even heard of Ethereum. Bitcoin is known by Kennedy's shoeshine boys.

There's also constant FUD coming from Maxi's like you. You're smoking crack if you think Bitcoin will be able to compete with Ethereum as far as smart contracts go. There are 400 Bitcoin developers vs over 4,000 Ethereum developers. That's a lot more brain power and experience plugging away at the Ethereum ecosystem.

Ethereum's user fees also dwarfs Bitcoin.

Financials: Ethereum generated $2.4 billion in user fees last year vs $796 million for bitcoin. On the expense side, the Bitcoin network paid out $9.7 billion in token incentives to its miners. Ethereum paid out only $1.39 billion in token incentives over the same period.

https://www.coindesk.com/coindesk-indices/2024/02/28/think-beyond-bitcoin-ethereums-use-cases-and-latest-technology/

Yes, the FUD might bring the ETH price down more. That's what's needed for Bitcoin Maxi's to feel great - lol! We'll see what happens the next few years.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 05, 2024, 03:23:22 AM
Ivan makes great points here in this latest video. He says you can't compare SOL and ETH. He also advocates for less tribalism and I agree on that. The Solana team is working hard to fix the spamming issue. It will be great if they figure it out. The Ethereum developers decided not to try and fight it. Ethereum L1 has high fees and is like a cockroach that can't die. Spamming will be too expensive on ETH L1 - which is why Blackrock went with that for the BUIDL fund. They don't care about high fees, they want stability and security. The ETH L2s will have to figure out spamming like the SOL developers.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 05, 2024, 05:53:28 AM
Quote from: obsidian on April 05, 2024, 02:10:43 AM
Just as I suspected, Solana transactions are failing at record levels. I saw those failed transactions on Solana Beach. Looks like they are having trouble coping with all the spam.

https://cointelegraph.com/news/solana-struggling-record-seventy-five-percent-trasnactions-fail-memecoin-mania

Solana struggles: Record 75% of user txs are failing... or are they?

The Solana network appears to be struggling to keep up with a ravenous demand for memecoins, with data showing roughly 75% of transactions on the network currently failing.

Roughly three-quarters of all transactions on the Solana network have been failing amid a deluge of activity brought by the recent memecoin mania on Solana; however, proponents say the data is being widely misinterpreted.

Dune Analytics data shows that on April 4, just over 75% of all “non-vote” Solana transactions failed, the highest failure rate on record.

(https://s3.cointelegraph.com/uploads/2024-04/c5244d0b-dfe4-4c4b-925b-17c735981f6a.png)

75.4% of non-vote transactions on Solana have failed. Source: Dune Analytics

The uptick has been paralleled by a recent uproar from Solana users on social media, complaining of failed transactions and degraded user experience.

In an April 4 post to X, pseudonymous trader Altcoin Sherpa said that while he still believed Solana would cement itself as the blockchain network for retail adoption, he noted that the current user experience was currently less than ideal.

“As much as I think that SOL is the chain for retail this cycle — the experience is f---ing brutal lately.”

That is quite shocking I must say. And makes me think people really are betting on Sol primarily just as a cyclical alt, rather than any true fundamentals.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 05, 2024, 06:00:10 AM
Quote from: obsidian on April 05, 2024, 02:22:53 AM
And to think that's after all the ETF inflows Bitcoin experienced. I would not brag about those numbers. I just checked the 3-month chart and BTC is up 50.52% and ETH is up 43.92%. I am staking ETH so let's add in my 3% yield. So from my point of view it is 50.52% vs 47%. And remember Bitcoin is getting constant airwaves on the mainstream channels. Many people have not even heard of Ethereum. Bitcoin is known by Kennedy's shoeshine boys.

Yes, the FUD might bring the ETH price down more. That's what's needed for Bitcoin Maxi's to feel great - lol! We'll see what happens the next few years.

I would say ETH has performed quite appallingly, at least for the many ETH fanboys who were predicting 5x returns vs BTC based on prior cycles. Reality is they were taught a lesson any alt can outperform BTC coming from a much lower market cap and with a good story. Reality is that ETH now is not even at 1:1 performance with BTC, and that is despite still being much smaller than BTC, and with a inflows in BTC value easily deployable by any degen to ETH. It hasn't happened. The degens are looking totally past ETH, to Sol which they see as the "blue chip" alt to BTC in this cycle, and to Doggies wig hats etc.

Every cycle, lessons are learned. What we have ahead of us  could well be a slow bleed of value from ETH into BTC. Time will tell if that continues. May 23 might provide a boost (Eth ETF), but I think its far more likely this date will add further disappointment. The next big thing for future cycles will be layer 2's on BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 05, 2024, 06:19:50 AM
Quote from: gib on April 05, 2024, 05:53:28 AM
That is quite shocking I must say. And makes me think people really are betting on Sol primarily just as a cyclical alt, rather than any true fundamentals.

Majority (90% plus) of those failed transactions are bots trying to do arbitrage. A human user can bypass the failed transaction issue by setting their transaction fee a little higher than default. In that regards user experience is still very good.

The issue for users is when they want to exit the Solana ecosystem. Fees for transfers are set and can't be adjusted so attempts at transferring are failing at high rates. Should be an easy fix for developers, but for the time being its pretty big screw up.

Quote from: gib on April 05, 2024, 06:00:10 AM
I would say ETH has performed quite appallingly, at least for the many ETH fanboys who were predicting 5x returns vs BTC based on prior cycles. Reality is they were taught a lesson any alt can outperform BTC coming from a much lower market cap and with a good story. Reality is that ETH now is not even at 1:1 performance with BTC, and that is despite still being much smaller than BTC, and with a inflows in BTC value easily deployable by any degen to ETH. It hasn't happened. The degens are looking totally past ETH, to Sol which they see as the "blue chip" alt to BTC in this cycle, and to Doggies wig hats etc.

Every cycle, lessons are learned. What we have ahead of us is a slow bleed of value from ETH into BTC. Time will tell if that continues. May 23 might provide a boost (Eth ETF), but I think its far more likely this date will add further disappointment. The next big thing for future cycles will be layer 2's on BTC.

The lesson is in the last cycle as it looks to be no different than what happened last cycle. Early bull phase binance smart chain was being favoured by degens similar to how Sol is being favoured right now.

ETH will come into it's own later just like it did last cycle. Eigen layer and monad (both huge yet to be released projects) will introduce modularity to the system. Different chains won't matter as much going forwards and that includes bitcoin L2s
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 05, 2024, 12:12:44 PM
Quote from: gib on April 05, 2024, 05:53:28 AM
That is quite shocking I must say. And makes me think people really are betting on Sol primarily just as a cyclical alt, rather than any true fundamentals.

Yup. It’s in total Degen this time around. The space should be embarrassed..

Retail  only cares about what animal is wearing a hat and then create 10 versions of it on each platform. This was the dilution I posted about years ago that ends up destroying the alt space as it becomes rug pull after rug pull until one is successful.

Ultimately so many coins the odds of picking well or even timing correctly are worse than simply buying BTC.

At SOL highs 100M was raised in 72hrs for ICO memecoins. No new tech, all shit wearing hats 😂

ETH will be fine, it’s just waiting on the ETF outcome is all.


FWIW I had Mar-Jul 2024 in my economic timeline for an ‘event’. We have some things heating up in the ME which is interesting, could be a proper dip ahead which will be a great opportunity.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 05, 2024, 02:39:45 PM
If animals with hats aren't doing it for you then what about a Keyboard Cat? Turn up the Base

" [/youtube]
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 05, 2024, 03:08:36 PM
Quote from: gib on April 05, 2024, 06:00:10 AM
The degens are looking totally past ETH, to Sol which they see as the "blue chip" alt to BTC in this cycle, and to Doggies wig hats etc.
The degens are switching to ETH L2 BASE now because of issues with SOL.

https://www.fxstreet.com/cryptocurrencies/news/base-meme-coins-gains-surge-taking-over-solanas-trading-frenzy-202404010825

BASE meme coins’ gains surge, taking over Solana's trading frenzy

The decline in volumes suggests the meme coin frenzy on Solana – which boasted trading volumes and network usage for the network over the last month–  is slowly waning. Capital appears to be rotating to Layer 2 chains like Base, where meme coins are seeing a resurgence and a rapid increase in daily transactions, trade volume, and returns.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 05, 2024, 03:09:46 PM
Quote from: gib on April 05, 2024, 06:00:10 AM
The next big thing for future cycles will be layer 2's on BTC.
Good luck with that. Ethereum has a few years head start and a 10x developer advantage.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 05, 2024, 06:45:24 PM
Quote from: Flexacon on April 05, 2024, 02:39:45 PM
If animals with hats aren't doing it for you then what about a Keyboard Cat? Turn up the Base

lol I love that crypto is full degen now.

Did you see the WIF party? Cringe but still oodles of room to go lower like the NFT crew of 2021 who were sucking off trees in the forest 😂

Are there any new cat tokens you think might have a chance?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 06, 2024, 12:59:22 AM
Quote from: Mayday on April 05, 2024, 06:45:24 PM
lol I love that crypto is full degen now.

Did you see the WIF party? Cringe but still oodles of room to go lower like the NFT crew of 2021 who were sucking off trees in the forest 😂

Are there any new cat tokens you think might have a chance?

The cat I posted was my cat call  :D The clues are in the text. Low/Moderate conviction.

Yeah those dance moves from that party were something else LMAO, but I don't think WIF is done yet. That was actually a party for the Pandora ERC404 NFT event and they grifted WIF for more visibility.

The real WIF party is later this month, the big WIF pumper has a "celebrity" boxing match and they are putting the WIF dog on the Vegas sphere. That's probably the Elon Saturday Night Live peak moment for it. The video doing the rounds now is just the last shake out before they run WIF hard.

If the bull run is still intact next few weeks sees BTC still going sideways, ALTs and shitters running, even ETH may catch bids then a push for rotation into BTC and it runs like a Sol shitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 06, 2024, 02:30:22 AM
Quote from: Flexacon on April 06, 2024, 12:59:22 AM
The cat I posted was my cat call  :D The clues are in the text. Low/Moderate conviction.

Yeah those dance moves from that party were something else LMAO, but I don't think WIF is done yet. That was actually a party for the Pandora ERC404 NFT event and they grifted WIF for more visibility.

The real WIF party is later this month, the big WIF pumper has a "celebrity" boxing match and they are putting the WIF dog on the Vegas sphere. That's probably the Elon Saturday Night Live peak moment for it. The video doing the rounds now is just the last shake out before they run WIF hard.

If the bull run is still intact next few weeks sees BTC still going sideways, ALTs and shitters running, even ETH may catch bids then a push for rotation into BTC and it runs like a Sol shitcoin.

Got it, cheers. Worth a shot. The memes are all cat based so why the fascination with dogs in tokens I have no idea. Cats could easily get right up there.

I’m waiting on this ETH ETF and timing which my assumption is August. I had the S&P target at 5,300 and BTC peak price window out to end of April. I had an event window Mar-Jul 2024 where I figure a short painful mid year sharemarket correction will take place.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 06, 2024, 03:33:40 AM
Quote from: Mayday on April 06, 2024, 02:30:22 AM
Got it, cheers. Worth a shot. The memes are all cat based so why the fascination with dogs in tokens I have no idea. Cats could easily get right up there.

I’m waiting on this ETH ETF and timing which my assumption is August. I had the S&P target at 5,300 and BTC peak price window out to end of April. I had an event window Mar-Jul 2024 where I figure a short painful mid year sharemarket correction will take place.

August for ETH ETF looks good. Blackrock and JPMorgan are already laying down the foundations for the litigation process if it's denied in May.

One FED speaker said there might be no rate cuts this year (he might be right, but he probably shouldn't have said it) and that dropped the market with some saying the SPX high for the year is already in.

He speaks again on Monday, so might walk back his comments and wreck bears again. If he doesn't then I'm gonna start planning my exit over the next few weeks, but I'm finding it incredibly difficult to be anything but bullish on bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 06, 2024, 12:40:38 PM
Quote from: Flexacon on April 06, 2024, 03:33:40 AM
August for ETH ETF looks good. Blackrock and JPMorgan are already laying down the foundations for the litigation process if it's denied in May.

One FED speaker said there might be no rate cuts this year (he might be right, but he probably shouldn't have said it) and that dropped the market with some saying the SPX high for the year is already in.

He speaks again on Monday, so might walk back his comments and wreck bears again. If he doesn't then I'm gonna start planning my exit over the next few weeks, but I'm finding it incredibly difficult to be anything but bullish on bitcoin.

So, 23 May not looking good anymore?... :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 06, 2024, 01:17:07 PM
Quote from: gib on April 06, 2024, 12:40:38 PM
So, 23 May not looking good anymore?... :)

It's not looked good for ages, but neither has ETH. The play was the ETH ecosystem.

It seems US ETH holders have been of the belief that the ETF will make them square when all along the money to be made from ETH was in adding ETH liquidity to ETH L2s and other ETH ecosystem protocols and then waiting for big fat juicy airdrops. US citizens are also being kept out of all the juicy staking APRs. They are only getting 3 to 5% whilst the rest of the world  can collect 20% plus via various defi restaking protocols.

I don't wanna say ETH ecosystem devs used US ETH holders/stakers for a exit liquidity, but it could end up feeling that way if the ETF eventually gets approved and a grayscale ETHE sell off exceeds any buying from the other ETFs. ETH price goes sideways and all the "free" L2 airdrop coins go parabolic.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 06, 2024, 04:00:01 PM
Quote from: Flexacon on April 06, 2024, 01:17:07 PM
It's not looked good for ages, but neither has ETH. The play was the ETH ecosystem.

It seems US ETH holders have been of the belief that the ETF will make them square when all along the money to be made from ETH was in adding ETH liquidity to ETH L2s and other ETH ecosystem protocols and then waiting for big fat juicy airdrops. US citizens are also being kept out of all the juicy staking APRs. They are only getting 3 to 5% whilst the rest of the world  can collect 20% plus via various defi restaking protocols.

I don't wanna say ETH ecosystem devs used US ETH holders/stakers for a exit liquidity, but it could end up feeling that way if the ETF eventually gets approved and a grayscale ETHE sell off exceeds any buying from the other ETFs. ETH price goes sideways and all the "free" L2 airdrop coins go parabolic.
ETH has been fine. I've been earning steady staking yields. ETH L1 is a cockroach that's rock solid. Zoom out though. For the past 3 years ETH is up 57.79% vs BTC at 15.29%.

Will BTC outrun ETH in the short term? Sure. Long term I am bullish on Ethereum. I also think Proof Of Work will become an issue for Bitcoin - I will not be surprised by this at all. As the miners keep getting less and less rewards it might centralize more where a few entities are securing the network. Governments might also start bitching about the excessive energy consumption.

I was a Proof of Work miner of Ethereum for 4 years. I did it, but I think it is moronic compared to Proof of Stake.

Recent research indicated it will cost more to attack the Ethereum network vs Bitcoin. Ethereum is actually more decentralized and secure than Bitcoin. And it is cheaper to run.

Lido's market share fell below 30%, making Ethereum staking more decentralized.

https://www.benzinga.com/markets/cryptocurrency/24/04/38092815/jpmorgan-says-ethereum-could-avoid-security-label-amid-decreasing-lido-share

JPMorgan Says Ethereum Could Avoid 'Security' Label Amid Decreasing Lido Share

The declining market share of Lido, Ethereum's largest liquid staking protocol, indicates that Ethereum would likely avoid being classified as a security in the future, according to JPMorgan analysts. "The share of Lido in staked ETH has decreased further from around one third a year ago to around a quarter at the moment" JPMorgan analysts, led by Nikolaos Panigirtzoglou, wrote in a report on Wednesday.

"This should reduce concerns about concentration in the Ethereum network, thus raising the chance that Ethereum will avoid being designated as security in the future."
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 06, 2024, 04:35:54 PM
Regarding this ^^^^^^^^^^^^

If Bitcoin eventually moves to Proof of Stake the 21 million cap might have been to reconsidered. Because stakers will want a yield. Unless the yield is taken from the 21 million cap, which means each BTC holder will have to be content with their holdings being reduced and given to the stakers. Yeah, that won't work.

There's an idea floating around to reduce ETH issuance further. The inflation ticked up the past day, most likely due to inactivity. It has been deflationary since Dencun lowered the L2 fees. We'll have to see how the tokenomics holds up over time.

https://www.msn.com/en-us/money/markets/ethereum-foundation-researchers-proposal-to-slow-eth-issuance-draws-pushback/ar-BB1l8QUM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 06, 2024, 10:50:06 PM
Quote from: gib on April 06, 2024, 12:40:38 PM
So, 23 May not looking good anymore?... :)

Seasonality is unbroken so it’s not so much about when the approval will happen but rather it will happen.

Post BTC ETF nothing has broken in my modelling. If it had it would have been blown my 76k to pieces.

2011 x 1 ATH peak
2013 x 2 ATH peak
2017 x 1 ATH peak
2021 x 2 ATH peak
2024…….. ATH already got tagged and we are still in the major parabola…..

Anyhoo once the ETH ETF is approved it’ll steal inbound funds from BTC.

The reality is the main crypto talking heads got themselves nuked in the bear market then wrecked shorting equities then wrecked longing bonds. They are gambling morons.

Wall St are not our friends. They got the BTC ETF. Now they’ll get the ETH ETF. Then they’ll short them both.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 07, 2024, 09:47:01 AM
No one likes to hear it, but if you are buying anything promoted as an "alt" to Bitcoin, you are being scammed.

Yields and airdrops are unsustainable gimmicks. Like we see every cycle, lessons will be learned.

ETH has performed terribly against BTC, despite in the past (and at least in the prior cycle) being considered and promoted as an alt to BTC. BTC has, since inception more than 3x'd the market cap of Eth. And that dominance over ETH will grow over time.

The lesson here is that any alt, can for a period of time in the short term outperform BTC (obviously very easy coming from a new launch and low market cap). Shit gets real over time, as market cap grows, and people launch new coins so scam suckers.

So, what we are now seeing is a slow, steady, bleed from Eth into BTC and other alts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 07, 2024, 10:02:12 AM
Quote from: gib on April 07, 2024, 09:47:01 AM


Yields and airdrops are unsustainable gimmicks. Like we see every cycle, lessons will be learned.



The fact is this stuff has only intensified with every cycle and you and others fading it each time just gets more and more painful.

And you don't like to hear it because you don't know how to take advantage of it, mostly because you don't understand how money rotates in crypto. I mean you choosing to throw money at something as heavily diluted as Filecoin says it all. Comical and you wouldn't even get why.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 07, 2024, 10:21:42 AM
Quote from: Flexacon on April 07, 2024, 10:02:12 AM
The fact is this stuff has only intensified with every cycle and you and others fading it each time just gets more and more painful.

And you don't like to hear it because you don't know how to take advantage of it, mostly because you don't understand how money rotates in crypto. I mean you choosing to throw money at something as heavily diluted as Filecoin says it all. Comical and you wouldn't even get why.

If moving from ponzi scam to ponzi scam is your thing, in the hope that you can ultimately keep successfully keep accumulating more BTC in that method, as opposed to just stacking and holding BTC, good luck to you. The vast majority of people who do this (other than those who keep launching new alts and shitcoins), fail. Every cycle they learn their lesson, and every new cycles there are still others who give it a try and think they can outperform an infinitely diluting pool of money in alts. Its basic game theory - new coins will be infinitely launched to take advantage of any alt demand. (That can't happen with BTC itself - which is why we say "there is no second best".

I bought FIL pretty much at its low after its big peak. (And I don't buy any alt unless I intend to hold it long term - meaning I only buy on fundamental value, not hype). FIL is not at all an alt to BTC, nor does it claim to be. I valued the business (just like I value any company). To me, it is attractively priced given anticipated future revenue, total market growth, and expected long term revenue growth. I have had the data storage business explained to me by people from Microsoft and Amazon who deeply understand it. And when these guys tell me how much potential they see in FIL, I listen. The tokenomics of FIL are quite misunderstood (but over time will be better understood), hence the upside potential. Eventually (I am not sure when, but I am guessing 3-5 years from now based on current market adoption), I predict a MASSIVE awareness of interest in FIL and consequently a surge in price. Exponentially demand will take care of tokens. Again, you will see - lessons will be learned...

At its peak value to BTC, 1 ETH bought 0.14 BTC. That was back in June of 2017. Since then it has declined to now being 1 Eth being able to purchase just 0.05 BTC. A terrible performance, and a perfect example of how those looking to buy "alts" to gain over BTC, instead end up behind over time. And as I said earlier, I expect this will continue. Do you agree? (Or do you believe this trend will reverse?). Shall we revisit, say, end of this year?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 07, 2024, 10:44:30 AM
Quote from: gib on April 07, 2024, 10:21:42 AM

I bought FIL pretty much at its low after its big peak. (And I don't buy any alt unless I intend to hold it long term - meaning I only buy on fundamental value, not hype). FIL is not at all an alt to BTC, nor does it claim to be. I valued the business (just like I value any company). To me, it is attractively priced given anticipated future revenue, total market growth, and expected long term revenue growth. I have had the data storage business explained to me by people from Microsoft and Amazon who deeply understand it. And when these guys tell me how much potential they see in FIL, I listen. The tokenomics of FIL are quite misunderstood (but over time will be better understood), hence the upside potential. Eventually (I am not sure when, but I am guessing 3-5 years from now based on current market adoption), I predict a MASSIVE awareness of interest in FIL and consequently a surge in price. Exponentially demand will take care of tokens. Again, you will see - lessons will be learned...

If you were explained all this and understand why FIL would be important then you should also know a big reason would be data storage relating to AI/machine learning.

Have you ever mentioned proof of work projects doing Ai/machine learning or the reasons why? I don't think you have, so if this is something new to you then I'd highly recommend looking into this. Bittensor is the most visible project right now. Then look at the charts of the other projects which are doing this stuff then you'll see why having money in FIL right now is comical. You are on the wrong end of the curve with FIL

https://bittensor.com/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 07, 2024, 10:49:59 AM
Quote from: Flexacon on April 07, 2024, 10:44:30 AM
If you were explained all this and understand why FIL would be important then you should also know a big reason would be data storage relating to AI/machine learning.


Yes, of course that will be a huge driver in the coming 3-5 years. Hence my prediction above. Charts are historical. I look at future outcomes (and indeed, care little for charts, and instead focus on fundamentals). Exact same approach I apply to any investment, including stocks and property.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 07, 2024, 11:05:41 AM
Quote from: gib on April 07, 2024, 10:21:42 AM
At its peak value to BTC, 1 ETH bought 0.14 BTC. That was back in June of 2017. Since then it has declined to now being just 1 Eth being able to purchase 0.05 BTC. A terrible performance, and a perfect example of how those looking to buy "alts" to gain over ETH, instead end up behind. And as I said earlier, I expect this will continue. Do you agree? (Or do you believe this trend will reverse?). Shall we revisit, say, end of this year?

Read my post again I did not compare ETH price to BTC. I didn't even mention BTC.

Quote from: Flexacon on April 06, 2024, 01:17:07 PM
It's not looked good for ages, but neither has ETH. The play was the ETH ecosystem.

It seems US ETH holders have been of the belief that the ETF will make them square when all along the money to be made from ETH was in adding ETH liquidity to ETH L2s and other ETH ecosystem protocols and then waiting for big fat juicy airdrops. US citizens are also being kept out of all the juicy staking APRs. They are only getting 3 to 5% whilst the rest of the world  can collect 20% plus via various defi restaking protocols.

I don't wanna say ETH ecosystem devs used US ETH holders/stakers for a exit liquidity, but it could end up feeling that way if the ETF eventually gets approved and a grayscale ETHE sell off exceeds any buying from the other ETFs. ETH price goes sideways and all the "free" L2 airdrop coins go parabolic.

Since ETH went proof of stake and moved more to a layer 2 model the ETH profit potential has moved to layer 2. It's been a dirty secret that didn't get shared much as the more people who get involved the more diluted the rewards get.

So those who added ETH liquidity on L2s are receiving and will continue to receive massive airdrops. They don't and didn't  need to buy alts to make gains or wait for ETH price improvement. The more time that passes the more it looks like the ETH ETF and staking as a service was all just a distraction from all this. And yes those who did this stuff regarding liquidity are easily out performing Bitcoin in the same time frame as they don't need to hold the airdropped alts. It's an instant sale for profit.

Note that US ETH holders couldn't take advantage of this without running into difficulties/breaking laws. These are the people getting screwed holding ETH right now

Also regarding your point about long term trends. My case has always been simple. Wait for bitcoin to enter a bull phase and buy the most promising ALT sectors. It worked well last cycle and it's worked unbelievably well this cycle. It's really not that difficult a concept to implement.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 07, 2024, 11:26:24 AM
Quote from: gib on April 07, 2024, 10:49:59 AM
Yes, of course that will be a huge driver in the coming 3-5 years. Hence my prediction above. Charts are historical. I look at future outcomes (and indeed, care little for charts, and instead focus on fundamentals). Exact same approach I apply to any investment, including stocks and property.

You're patiently waiting for x10 in crypto over the span of years when it can happen in the span of weeks. You are trying to use boomer investment strategies in crypto now in its third cycle when each cycle has shown that this kinda investment strategy is less and less relevant. The definition of insanity quote starts springing to mind...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 08, 2024, 01:04:12 AM
Quote from: Flexacon on April 07, 2024, 11:26:24 AM
You're patiently waiting for x10 in crypto over the span of years when it can happen in the span of weeks. You are trying to use boomer investment strategies in crypto now in its third cycle when each cycle has shown that this kinda investment strategy is less and less relevant. The definition of insanity quote starts springing to mind...

Indeed Flex, I am the tortoise - slow and steady, boring perhaps, but I succeed over time, and this strategy has been incredibly successful for me as I applied it over time to stocks and property (which how I built my wealth). The hare on the other hand is all over the place, jumping in and out of all sort of opportunities. Think of me as the Warren Buffet of investing - I identify good value investments (whether in stock, property, or crypto), and then I simply hold and let time do its thing. Its also not just from an investment perspective, but also from an ethical and moral perspective - I really just can't feel comfortable with all the alt pump / scam / dump staff. I know guys on the front end of these, and have had opportunities to be involved. Its not my thing. But fascinating to watch from the sidelines.

If you really believe you can consistently over time outperform BTC with alts, good luck to you. Many try, most fail. Lets hope you are one of the sucessful ones!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 08, 2024, 01:07:18 AM
Quote from: Flexacon on April 07, 2024, 11:05:41 AM
Read my post again I did not compare ETH price to BTC. I didn't even mention BTC.


Yes, I know, but my question for you (and anyone else who still holds hope for ETH) below remains:

At its peak value to BTC, 1 ETH bought 0.14 BTC. That was back in June of 2017. Since then it has declined to now being 1 Eth being able to purchase just 0.05 BTC. A terrible performance, and a perfect example of how those looking to buy "alts" to gain over BTC, instead end up behind over time. And as I said earlier, I expect this will continue. Do you agree? (Or do you believe this trend will reverse?). Shall we revisit, say, end of this year?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 08, 2024, 03:57:10 AM
Quote from: gib on April 08, 2024, 01:07:18 AM
Yes, I know, but my question for you (and anyone else who still holds hope for ETH) below remains:

At its peak value to BTC, 1 ETH bought 0.14 BTC. That was back in June of 2017. Since then it has declined to now being just 1 Eth being able to purchase 0.05 BTC. A terrible performance, and a perfect example of how those looking to buy "alts" to gain over ETH, instead end up behind. And as I said earlier, I expect this will continue. Do you agree? (Or do you believe this trend will reverse?). Shall we revisit, say, end of this year?
And in November 2016 the ETH / BTC pairing was 0.008 BTC. 0.05 / 0.008 = 6.25. Since November 2016 ETH has gained over a 6x valuation against BTC.

There are 120 million ETH vs a max supply of 21 million BTC. That's a 6X larger supply. Based on that, and perhaps this is not the right way to look at it, I can see ETH:BTC at 0.166 BTC.

It does not make sense to me that BTC would be worth 19.8X of ETH currently, based on the scarcity. Ethereum has numerous advantages over Bitcoin as far as capabilities go. What BTC has is a rabid Maxi base, a fawning media, and first mover advantage. Bitcoin is also less of a mouthful than Ethereum. It is easier to pronounce. McAfee mentioned that when he was alive. I would say Solana and Cardano also flows easier. It might sound simple but these things matter. Imagine if Ethereum was instead called: Wolfeschlegelsteinhausen bergerdorff

https://en.wikipedia.org/wiki/Hubert_Blaine_Wolfeschlegelsteinhausenbergerdorff_Sr.

I would bet it would have been a complete failure - lol!

Also perhaps the valuation of 0.05 BTC means that ETH has room to gain against BTC. Could it be that BTC is overvalued relative to ETH? I think so, but that's just me. ETH has around a 6X circulating supply compared to BTC, as far as scarcity goes. It's inflation is currently lower.

See, it all depends on when you are looking at it. Note I am seeing a peak valuation of around 0.118 BTC in May 2017 - per TradingView. But you are correct, BTC vs ETH has fluctuated over the years. It has been up and down numerous times.

You bought most of your BTC when it was $5,000 - correct? It is now at $72,000 on April 8, so that's a gain of 14.4X for you.

I mined ETH for 4 years. At times I was getting 4 ETH per month with an electrical bill of $600 /month. Leaving hardware costs out that comes to $150 per ETH. I know this ignores the cost of the hardware, and the price of ETH at the time. But the hardware can be resold. The power supplies went up in value. The GPUs lost value. I have not sold anything because I am holding out in case the dollar loses a lot of value. Plus I have been lazy. I still have all the original hardware boxes.

I might be able to sell for the original value depending on what happens to the dollar. We have a very low-rate fixed mortgage. I might use the devalued dollars to pay off the mortgage. I am probably better off just selling the hardware and redeploying the cash though.

ETH is at $3,624 at this moment. $3,624 / $150 = 24.16x. If I add $150 per ETH for the depreciated hardware it comes to around a 12x. If ETH goes back to the ATH price of $4,800 it comes to a 16X for me. BTC is already past the previous ATH.

I would have been better off buying ETH at $80 instead of mining. But you don't know how things play out before it happens. I am a computer geek and like to play with hardware. That was my excuse for jumping into the mining craze. I just wanted to build rigs.

You can take a snapshot at various times to make it come out different for each investor.

What I am curious to see is how the upcoming halving affects the decentralization of BTC. Many miners might call it quits as the rewards are reduced. Time will tell. There are lots of unknowns. But I would not say I am that far off from you in terms of investment gains.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 08, 2024, 06:29:31 AM
Quote from: obsidian on April 08, 2024, 03:57:10 AM
And in November 2016 the ETH / BTC pairing was 0.008 BTC. 0.05 / 0.008 = 6.25. Since November 2016 ETH has gained over a 6x valuation against BTC.

There are 120 million ETH vs a max supply of 21 million BTC. That's a 6X larger supply. Based on that, and perhaps this is not the right way to look at it, I can see ETH:BTC at 0.166 BTC.

It does not make sense to me that BTC would be worth 19.8X of ETH currently, based on the scarcity. Ethereum has numerous advantages over Bitcoin as far as capabilities go. What BTC has is a rabid Maxi base, a fawning media, and first mover advantage. Bitcoin is also less of a mouthful than Ethereum. It is easier to pronounce. McAfee mentioned that when he was alive. I would say Solana and Cardano also flows easier. It might sound simple but these things matter. Imagine if Ethereum was instead called: Wolfeschlegelsteinhausen bergerdorff

https://en.wikipedia.org/wiki/Hubert_Blaine_Wolfeschlegelsteinhausenbergerdorff_Sr.

I would bet it would have been a complete failure - lol!

Also perhaps the valuation of 0.05 BTC means that ETH has room to gain against BTC. Could it be that BTC is overvalued relative to ETH? I think so, but that's just me. ETH has around a 6X circulating supply compared to BTC, as far as scarcity goes. It's inflation is currently lower.

See, it all depends on when you are looking at it. Note I am seeing a peak valuation of around 0.118 BTC in May 2017 - per TradingView. But you are correct, BTC vs ETH has fluctuated over the years. It has been up and down numerous times.

You bought most of your BTC when it was $5,000 - correct? It is now at $72,000 on April 8, so that's a gain of 14.4X for you.

I mined ETH for 4 years. At times I was getting 4 ETH per month with an electrical bill of $600 /month. Leaving hardware costs out that comes to $150 per ETH. I know this ignores the cost of the hardware, and the price of ETH at the time. But the hardware can be resold. The power supplies went up in value. The GPUs lost value. I have not sold anything because I am holding out in case the dollar loses a lot of value. Plus I have been lazy. I still have all the original hardware boxes.

I might be able to sell for the original value depending on what happens to the dollar. We have a very low-rate fixed mortgage. I might use the devalued dollars to pay off the mortgage. I am probably better off just selling the hardware and redeploying the cash though.

ETH is at $3,624 at this moment. $3,624 / $150 = 24.16x. If I add $150 per ETH for the depreciated hardware it comes to around a 12x. If ETH goes back to the ATH price of $4,800 it comes to a 16X for me. BTC is already past the previous ATH.

I would have been better off buying ETH at $80 instead of mining. But you don't know how things play out before it happens. I am a computer geek and like to play with hardware. That was my excuse for jumping into the mining craze. I just wanted to build rigs.

You can take a snapshot at various times to make it come out different for each investor.

What I am curious to see is how the upcoming halving affects the decentralization of BTC. Many miners might call it quits as the rewards are reduced. Time will tell. There are lots of unknowns. But I would not say I am that far off from you in terms of investment gains.

Good discussion, but I think you are mixing up a few concepts here..

if you look at your graph, (and as I have explained many times before), almost any alt will outperform BTC for a short period of time after launch. So, if you take a date of 2015or 2016, of course you will see ETH "outperform" for a period of time after its launch. What we as investors need to do is be forward-looking. So, if we take a more reasonable time period,  we can see Eth appears to be on a gradual decline vs BTC. This caught many off-guard, who expected to see another 5x to BTC this cycle. They have learned a lesson here, and indeed, this cycle, so far ETH is not even 1:1, let along 5x to BTC.

The circulating supply is really totally illogical, must like how many people think that doing a stock split (or airdrops) makes a company more valuable. The market-cap remains exactly the same, the price of each share being downward inverse to the amount of dilution. Many in the "crypto community" still need to learn basic economics and mathematical concepts. But again, lessons are learned each cycle, and each cycle eventually brings such people to BTC.

No-one likes to hear they are being scammed when buying alts, but eventually the learn.

As for scarcity, BTC's scarcity is absolute. Eth's is, can, has been, and will be, changed at the whim of Vatlik and the "Ethereum Foundation" this re-creating the entire problem BTC was designed to avoid and solve. Eth is used for other things, but it has long lost the "global digital monetary protocol" narrative to BTC which is rock solid, and that in turn demands a huge predium as a result (which you now see in the comparative market caps, and the gradual decline of ETH to BTC over the last few years).

I don't know my exact BTC buy in price, but yes must be around 5k. In the run up to the 20K peak I bought most at 3K, and eventually sold almost all at around 15K (in a panic, thinking BTC was over). Made a 5x return in less than a year. I then rebought most in the 3-5K range once the dust had settled, but then also recall many top ups all along the way back up. (Indeed, I still nibble away now, but only minor amounts to my stack). So I was kind of lucky doing the 5x sell and rebuy first time around. Now onwards its just long term hodl. I am also not convinced we will see cycles in a similar pattern to prior cycles - conventional wisdom is that we will see a peak mid to late 2025 based on prior cycles - lets see.

Pretty cool to mine. I am thinking of doing some myself, more just to support the network. I have also considered raising funds to do it on a massive scale in a developing country, but that is a whole other discussion for another day...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 08, 2024, 07:21:53 AM
Quote from: gib on April 08, 2024, 06:29:31 AM
Good discussion, but I think you are mixing up a few concepts here..

if you look at your graph, (and as I have explained many times before), almost any alt will outperform BTC for a short period of time after launch. So, if you take a date of 2015or 2016, of course you will see ETH "outperform" for a period of time after its launch. What we as investors need to do is be forward-looking. So, if we take a more reasonable time period,  we can see Eth appears to be on a gradual decline vs BTC. This caught many off-guard, who expected to see another 5x to BTC this cycle. They have learned a lesson here, and indeed, this cycle, so far ETH is not even 1:1, let along 5x to BTC.

The circulating supply is really totally illogical, must like how many people think that doing a stock split (or airdrops) makes a company more valuable. The market-cap remains exactly the same, the price of each share being downward inverse to the amount of dilution. Many in the "crypto community" still need to learn basic economics and mathematical concepts. But again, lessons are learned each cycle, and each cycle eventually brings such people to BTC.

No-one likes to hear they are being scammed when buying alts, but eventually the learn.

As for scarcity, BTC's scarcity is absolute. Eth's is, can, has been, and will be, changed at the whim of Vatlik and the "Ethereum Foundation" this re-creating the entire problem BTC was designed to avoid and solve. Eth is used for other things, but it has long lost the "global digital monetary protocol" narrative to BTC which is rock solid, and that in turn demands a huge predium as a result (which you now see in the comparative market caps, and the gradual decline of ETH to BTC over the last few years).

I don't know my exact BTC buy in price, but yes must be around 5k. In the run up to the 20K peak I bought most at 3K, and eventually sold almost all at around 15K (in a panic, thinking BTC was over). Made a 5x return in less than a year. I then rebought most in the 3-5K range once the dust had settled, but then also recall many top ups all along the way back up. (Indeed, I still nibble away now, but only minor amounts to my stack). So I was kind of lucky doing the 5x sell and rebuy first time around. Now onwards its just long term hodl. I am also not convinced we will see cycles in a similar pattern to prior cycles - conventional wisdom is that we will see a peak mid to late 2025 based on prior cycles - lets see.

Pretty cool to mine. I am thinking of doing some myself, more just to support the network. I have also considered raising funds to do it on a massive scale in a developing country, but that is a whole other discussion for another day...
Well speaking for myself, there is no way I am going to convert 50% (or any amount) of my ETH to BTC and incur a taxable event in the process. The benefits would have to outweigh the taxes. It's no different than Michael Saylor who wants to avoid paying taxes. I live in the USA, have work here, my family is here. I am not going to move to a tax haven anytime soon. If I did not have those constraints then maybe.

If I were to allocate more cash into crypto, then sure, I'd get some BTC. But I don't plan to. At this point, I plan to cash out what I initially invested + a little bonus, when I think the time is right. I'll leave that bonus ready to buy more crypto in case there are big corrections. That way I am sitting on house money and not stressing about it. I did my DCA back in the day and that was enough risk for me. I also paid taxes without cashing out, because of staking and mining profits. Sure, I deducted electrical and equipment expenses. But in the end, I still owed taxes which I had to pay out of pocket.

You mentioned that you don't have to pay taxes on your stuff. So you can go in and out of cryptos at a whim.

I agree, that Ethereum has been on a downward trend since mid-2022. In 2021 it gained against Bitcoin. Then it went sideways and in mid-2022 it started to trend down, per the chart. But I don't think it is clear yet which way this is going to go in the long run. I have my doubts about the Bitcoin POW model as mining rewards keep decreasing. How decentralized will it remain? Time will tell.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 08, 2024, 08:23:18 AM
Quote from: obsidian on April 08, 2024, 07:21:53 AM
Well speaking for myself, there is no way I am going to convert 50% (or any amount) of my ETH to BTC and incur a taxable event in the process. The benefits would have to outweigh the taxes. It's no different than Michael Saylor who wants to avoid paying taxes. I live in the USA, have work here, my family is here. I am not going to move to a tax haven anytime soon. If I did not have those constraints then maybe.

If I were to allocate more cash into crypto, then sure, I'd get some BTC. But I don't plan to. At this point, I plan to cash out what I initially invested + a little bonus, when I think the time is right. I'll leave that bonus ready to buy more crypto in case there are big corrections. That way I am sitting on house money and not stressing about it. I did my DCA back in the day and that was enough risk for me. I also paid taxes without cashing out, because of staking and mining profits. Sure, I deducted electrical and equipment expenses. But in the end, I still owed taxes which I had to pay out of pocket.

You mentioned that you don't have to pay taxes on your stuff. So you can go in and out of cryptos at a whim.

I agree, that Ethereum has been on a downward trend since mid-2022. In 2021 it gained against Bitcoin. Then it went sideways and in mid-2022 it started to trend down, per the chart. But I don't think it is clear yet which way this is going to go in the long run. I have my doubts about the Bitcoin POW model as mining rewards keep decreasing. How decentralized will it remain? Time will tell.

Man - that tax stuff really is another world for me. Almost all my buddies are in the same position as me (based in tax free jurisdictions) and so the concept of a "capital gain" tax seems totally foreign to me. Some are Americans who have long given up US citizenship, but even then it still comes back to haunt them sometimes, with banks doing KYC asking if they were ever "a former US citizen". We all shake our heads at how so many people with options still want to become Americans, even with all the downside burden of mandatory taxes (even if you live outside of the US!) that comes with this "privilege".

Sounds like you have done well. At some point, those with big unrealized gains, will need to decide how to handle, if they just pack up and leave for a tax friendlier country. Many countries will happily role out the carpet any Bitcoiner. Easy to do if your Sats are in cold storage. Harder if they are locked in ETF's. I am not a tax expert, but maybe it would be possible to borrow against the BTC as a security for money loaned in fiat, but never selling the asset itself, and therefore not creating a taxable event? There would have to be a way around this. Also, of course, if you acquired you Sats peer to peer, away from a KYC compliant exchange or bank, you might also be safe.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 08, 2024, 10:29:19 AM
Quote from: gib on April 08, 2024, 01:07:18 AM
Yes, I know, but my question for you (and anyone else who still holds hope for ETH) below remains:

At its peak value to BTC, 1 ETH bought 0.14 BTC. That was back in June of 2017. Since then it has declined to now being 1 Eth being able to purchase just 0.05 BTC. A terrible performance, and a perfect example of how those looking to buy "alts" to gain over BTC, instead end up behind over time. And as I said earlier, I expect this will continue. Do you agree? (Or do you believe this trend will reverse?). Shall we revisit, say, end of this year?

I haven't held ETH for a long time, at least not in the expectation of seeing profit from it, but I have used it to provide liquidity and stake for airdrops and points. With hindsight I wish I had done more of this as it was the easiest and lowest risk money to be made in the space.

I don't really care what BTC, ETH, or any other ALT were doing in 2017, because every cycle different. The trends in every cycle is different. I prefer to adjust to each cycle and even front run the trends if I can, so lets say this.

Even with my pessimistic/bearish bias on ETH price on it's own I still expect it to match if not better bitcoin price action from their 2022 cycles low to their next cycle highs. Are you willing to revisit this?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 08, 2024, 10:34:40 AM
US citizens who do not want to give it up just need to move to Puerto Rico for 6 months and 1 day and are then entitled to tax free crypto. At least this was the case when I last looked a couple of years back.

I set up a "business" in Dubai to do the same.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 08, 2024, 11:33:43 AM
Quote from: Flexacon on April 08, 2024, 10:29:19 AM

I don't really care what BTC, ETH, or any other ALT were doing in 2017, because every cycle different. The trends in every cycle is different. I prefer to adjust to each cycle and even front run the trends if I can, so lets say this.

Even with my pessimistic/bearish bias on ETH price on it's own I still expect it to match if not better bitcoin price action from their 2022 cycles low to their next cycle highs. Are you willing to revisit this?

I expect BTC to outperform. Yes, lets revisit (although I am not even sure we will see "cycles" like we have seen in the part - at least not cycles do much influenced by the halving, but more likely global economic macro-cycles).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on April 08, 2024, 05:46:14 PM
I ended up selling the gold and when I sold it started pumping. I have been depressed since, truly brutal. I just a few minutes ago bought 1 bitcoin after weeks of mental gymnastics and end of the world feelings.  :-\ hopefully all will end well
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on April 08, 2024, 05:50:35 PM
I kept the other half of the gold money in cash just in case bitcoin will now.go to zero or take a huge hit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on April 08, 2024, 11:08:10 PM
Quote from: SouJerz on March 05, 2024, 12:35:07 PM
I would hold gold right now could gold could be entering a bull market just topped 2100 I think. Maybe we see 2500 GLD?


In hind sight this was pretty good advice if you had taken it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 09, 2024, 01:37:26 AM
Quote from: Amerian Muscle on April 08, 2024, 05:46:14 PM
I ended up selling the gold and when I sold it started pumping. I have been depressed since, truly brutal. I just a few minutes ago bought 1 bitcoin after weeks of mental gymnastics and end of the world feelings.  :-\ hopefully all will end well

You did the right thing. Over the next decade, I believe BTC will 10x outperform gold. Yes, BTC will be more volatile along the way, but long term / zoomed out you did it right. Second, quite apart from the expected outperformance, there are also some really other good reasons to be holding BTC vs gold. If/when the shit really hits the fan, you will understand why.

Any time you make an investment, there is basically a 50/50 chance it will be "down" the next day. Ignore the noise - invest for the long term trend.

I hold a little gold myself for a range of reasons. Love the feeling of holding it. And loved the pure ability to buy something which took so much effort to extract and bring it to the point where I as a customer could become its owner. I have not calculated exactly, but I think my gold is around 2.5% the value of the BTC I have.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on April 09, 2024, 01:38:18 AM
Quote from: SouJerz on April 08, 2024, 11:08:10 PM

In hind sight this was pretty good advice if you had taken it.
Yes. My shit is fucked up. Too late to cry now so lets see where this takes me.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on April 09, 2024, 01:42:37 AM
Quote from: gib on April 09, 2024, 01:37:26 AM
You did the right thing. Over the next decade, I believe BTC will 10x outperform gold. Yes, BTC will be more volatile along the way, but long term / zoomed out you did it right. Second, quite apart from the expected outperformance, there are also some really other good reasons to be holding BTC vs gold. If/when the shit really hits the fan, you will understand why.

Any time you make an investment, there is basically a 50/50 chance it will be "down" the next day. Ignore the noise - invest for the long term trend.

I hold a little gold myself for a range of reasons. Love the feeling of holding it. And loved the pure ability to buy something which took so much effort to extract and bring it to the point where I as a customer could become its owner. I have not calculated exactly, but I think my gold is around 2.5% the value of the BTC I have.

You are most likely right. I regret selling gold too early, but I regret a thousand times more buying bitcoin so late. I see my cancelled orders for 3 bitcoin last year at around 25k. Cancelled them because I got scared thinking it would go to zero after buying it. I look at those cancelled orders to remind me that my instincts are always completely wrong. Or maybe they are right and then overpowered by doubt and fear

All this stuff is psychologically complex to deal with but I figure I cannot keep dwelling on missed opportunities
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on April 09, 2024, 01:47:39 AM
I put a sell order for 1 million
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 10, 2024, 12:08:46 PM
Nice little short seller shakeout last few days, with BTC going from 72.5K down to around 67.5K (and now on the way back up again).

This was thread was started as BTC was poised to hit 5K. Now we see 5K movements  in price (the entire value of a BTC back then) in a single day, which gives you a sense of scale and how much BTC's market cap has grown.

We can expect to see some vol in the lead up and aftermath, of the halving (due around 18 April). But its all good - buy on any dip if you can.

Some speculators make money on these movements, some lose. But is just so easy if you hodl, knowing that despite all the short term vol, its just up and up and up over time...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 10, 2024, 12:37:41 PM
Halving #4 is upon us...

A little article from Kraken.

We’re about two weeks out from the next Bitcoin halving, and you might be wondering, "How will it affect crypto and the bitcoins I hold?" It's a great question. Our answer: Relax — the halving won't directly impact any of your existing bitcoin holdings.

The halving simply reduces the reward that miners receive for mining blocks by 50%.

How the 2024 ‘Halving’ Could Impact Bitcoin

We did a little digging around in the numbers, and the data suggests it has taken around 406* days for prices to peak after a halving.

Mega Important Disclaimer: Past performance does not guarantee future results. While many believe halvings drive these rallies, other factors are at play and future outcomes remain uncertain.

Bitcoin halvings
Halving #1 - November 2012
While scientists were busy finding the Higgs-Boson particle at CERN, by November 2012 Bitcoin was beginning to find its feet in the financial jungle. With 11 million bitcoins in circulation, the first halving cut the block reward for miners from 50 BTC to 25 BTC.

Exactly one year later (November 28, 2013), bitcoin was up 7,431%.

Halving #2 - July 2016
As the Pokémon GO craze began sweeping the world, by July 2016 Bitcoin was gaining broader traction as a mainstream financial tool. The second halving of block rewards from 25 BTC to 12.5 BTC was met with increased anticipation.

After the event, prices surged again. By July 9, 2017, exactly one year after this halving, prices had increased by 279%.

Halving #3 - May 2020
Bitcoin’s third halving coincided with the global pandemic, making it a unique test for the leading cryptocurrency. With block rewards cut to 6.25 BTC, many were wondering if prices would continue the historic post-halving trend.

By May 11, 2021—exactly one year after this halving—bitcoin’s price had increased by 539%, showcasing its resilience even during turbulent economic times.

So there you have it, Bitcoin halvings in a nutshell.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on April 10, 2024, 03:19:00 PM
I feel so much regret for not buying bitcoin years ago. At least now I have one  "whole coin" :-\
How do people sleep at night with all this regret? I cant sleep at all thinking about how I ruined my life by not buying bitcoin earlier. Its all over  :-\
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on April 10, 2024, 04:19:29 PM
Quote from: Amerian Muscle on April 10, 2024, 03:19:00 PM
I feel so much regret for not buying bitcoin years ago. At least now I have one  "whole coin" :-\
How do people sleep at night with all this regret? I cant sleep at all thinking about how I ruined my life by not buying bitcoin earlier. Its all over  :-\

How do you feel about not investing in an S&P 500 Index fund years ago?  How about Apple stock?  How about not buying real estate cheap in 2010?

It's easy to look back and have regrets, but nobody knew what was going to happen.  You could have just as easily lost all your money to bitcoin.  Just forget the past and move forward.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 10, 2024, 08:47:30 PM
Quote from: Amerian Muscle on April 10, 2024, 03:19:00 PM
I feel so much regret for not buying bitcoin years ago. At least now I have one  "whole coin" :-\
How do people sleep at night with all this regret? I cant sleep at all thinking about how I ruined my life by not buying bitcoin earlier. Its all over  :-\
You're just going to drive yourself nuts. In a perfect world we all make fantastic investments and become millionaires / billionaires.

Besides mining Ethereum, I spent around $12,500 on cryptos in 2017/2018. I looked at the charts. Instead all my dumb purchases, if I had just taken that money and bought BNB at $2 in 2017, I would have had 6,250 BNB. BNB is right now at $614, not far from its ATH price. 6,250 x $614 = $3,837,500

BNB would have been the best purchase of all in December 2017. Not BTC, ETH, Doge, or any other.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 10, 2024, 08:51:16 PM
Quote from: loco on April 10, 2024, 04:19:29 PM
How do you feel about not investing in an S&P 500 Index fund years ago?  How about Apple stock?  How about not buying real estate cheap in 2010?

It's easy to look back and have regrets, but nobody knew what was going to happen.  You could have just as easily lost all your money to bitcoin.  Just forget the past and move forward.
One poor bastard mined around 7000 BTC. He or his wife accidentally recycled the hard drive that contained his wallet / keys. All down the drain. Now that guy must feel like absolute shit. The higher BTC's price goes the worse he will feel.

EDIT: IT was 8000 BTC. That's worth over $500 million now!

https://www.theguardian.com/technology/2022/aug/02/man-hopes-ai-and-robot-dogs-will-help-recover-150m-in-bitcoin-from-landfill
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 10, 2024, 09:19:49 PM
Quote from: obsidian on April 10, 2024, 08:51:16 PM
One poor bastard mined around 7000 BTC. He or his wife accidentally recycled the hard drive that contained his wallet / keys. All down the drain. Now that guy must feel like absolute shit. The higher BTC's price goes the worse he will feel.

EDIT: IT was 8000 BTC. That's worth over $500 million now!

https://www.theguardian.com/technology/2022/aug/02/man-hopes-ai-and-robot-dogs-will-help-recover-150m-in-bitcoin-from-landfill

Don’t buy paper gold because it’s not real
Don’t buy real gold because it’s counterfeit
Buy Bitcoin but don’t keep it on an exchange because they’ll steal it
Buy Bitcoin but don’t deposit it for yield because not your keys

Buy Bitcoin and keep it on cold storage where it’s nice and safe……

The highest odds of losing something is when it is in your own possession. Maxis know this and push it to plebs in the hope they lose their coins. Back in 2021 maxis were tweeting about deaths of holders and how their coins were forever lost in supply. Those maxis are still around today.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 10, 2024, 09:24:50 PM
Quote from: Mayday on April 10, 2024, 09:19:49 PM
Don’t buy paper gold because it’s not real
Don’t buy real gold because it’s counterfeit
Buy Bitcoin but don’t keep it on an exchange because they’ll steal it
Buy Bitcoin but don’t deposit it for yield because not your keys

Buy Bitcoin and keep it on cold storage where it’s nice and safe……

The highest odds of losing something is when it is in your own possession. Maxis know this and push it to plebs in the hope they lose their coins. Back in 2021 maxis were tweeting about deaths of holders and how their coins were forever lost in supply. Those maxis are still around today.
Lol, yes. Moral of the story is you're gonna lose it either way. So far I have been very lucky with Coinbase and Binance. I was tempted to go with Celsius  because of their higher rates but ended up never following through. Glad I did not.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on April 10, 2024, 11:13:53 PM
Quote from: obsidian on April 10, 2024, 08:47:30 PM
You're just going to drive yourself nuts. In a perfect world we all make fantastic investments and become millionaires / billionaires.

Besides mining Ethereum, I spent around $12,500 on cryptos in 2017/2018. I looked at the charts. Instead all my dumb purchases, if I had just taken that money and bought BNB at $2 in 2017, I would have had 6,250 BNB. BNB is right now at $614, not far from its ATH price. 6,250 x $614 = $3,837,500

BNB would have been the best purchase of all in December 2017. Not BTC, ETH, Doge, or any other.


My friend had 1000 ethereum at a price of 16 dollars each and sold them all at a price of 80. Talk about bummer.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 11, 2024, 01:48:14 AM
Quote from: Mayday on April 10, 2024, 09:19:49 PM
Don’t buy paper gold because it’s not real
Don’t buy real gold because it’s counterfeit
Buy Bitcoin but don’t keep it on an exchange because they’ll steal it
Buy Bitcoin but don’t deposit it for yield because not your keys

Buy Bitcoin and keep it on cold storage where it’s nice and safe……

The highest odds of losing something is when it is in your own possession. Maxis know this and push it to plebs in the hope they lose their coins. Back in 2021 maxis were tweeting about deaths of holders and how their coins were forever lost in supply. Those maxis are still around today.

Wow - what a great post MarDay!

I must say, all my gold is real, physical gold. (I did have gold previously in a gold ETF which was delisted and liquidated below NAV - so, lesson learned).

I am hoping my gold is real gold, but agree, counterfeiting is a risk. I bought from a very reputable dealer.

I have only small amounts on BTC on various regulated exchanges, and also a little in ETFs and with MSTR. Vast amount of my sats are in cold storage.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 11, 2024, 06:35:10 AM
Quote from: Amerian Muscle on April 10, 2024, 03:19:00 PM
I feel so much regret for not buying bitcoin years ago. At least now I have one  "whole coin" :-\
How do people sleep at night with all this regret? I cant sleep at all thinking about how I ruined my life by not buying bitcoin earlier. Its all over  :-\

Dude, if you are wholecoiner now, well done to you. You are set for life, so long as you keep that coin.

I was encouraging this when the price was 3K. Its hard to imagine what is ahead, but there will be a huge societal difference between wholecoiners and everyone else. BTC will be at 1m before you know it, and all those who still have the chance now will really regret it if they don't act soon to get those increasingly precious sats...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on April 11, 2024, 08:02:33 AM
Quote from: gib on April 11, 2024, 06:35:10 AM
Dude, if you are wholecoiner now, well done to you. You are set for life, so long as you keep that coin.

I was encouraging this when the price was 3K. Its hard to imagine what is ahead, but there will be a huge societal difference between wholecoiners and everyone else. BTC will be at 1m before you know it, and all those who still have the chance now will really regret it if they don't act soon to get those increasingly precious sats...

https://www.benzinga.com/amp/content/37902973

3.8 million a coin according to Cathy Wood potentially by 2030.
She is leading the hype train, wonder how many she owns. If she could only get everyone with AUM to invest 1-3% into BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 11, 2024, 11:26:44 AM
Quote from: SouJerz on April 11, 2024, 08:02:33 AM
https://www.benzinga.com/amp/content/37902973

3.8 million a coin according to Cathy Wood potentially by 2030.
She is leading the hype train, wonder how many she owns. If she could only get everyone with AUM to invest 1-3% into BTC.

Hard to predict the exact date, but we do know with great likelihood that is will happen, both as a function of demand, adoption, and fiat currency appreciation. We are sooooo early in this - anyone and any family who is a whole coiner will in the future be in an elite class of society.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on April 11, 2024, 03:37:52 PM
I dont think that 1 million or even 3 million net worth will be more than middle class in 2030. If we have a steep correction I will try to buy more.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on April 11, 2024, 05:38:04 PM
Quote from: Amerian Muscle on April 11, 2024, 03:37:52 PM
I dont think that 1 million or even 3 million net worth will be more than middle class in 2030. If we have a steep correction I will try to buy more.


Just copy people smarter than you.  Buy dips. Continue to dollar cost average.  If you believe it’s going to 1 million or even 3.8 million than 70,000 a coin is far away from that number.  So just keep chipping away.  I like the good old monthly buy at whatever number is comfortable for you and then scoop up dips with bigger injections and don’t be scared it it starts dipping back to 20k be excited it’s on sale.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 12, 2024, 01:38:01 AM
Quote from: SouJerz on April 11, 2024, 05:38:04 PM

Just copy people smarter than you.  Buy dips. Continue to dollar cost average.  If you believe it’s going to 1 million or even 3.8 million than 70,000 a coin is far away from that number.  So just keep chipping away.  I like the good old monthly buy at whatever number is comfortable for you and then scoop up dips with bigger injections and don’t be scared it it starts dipping back to 20k be excited it’s on sale.

Fully agree.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 12, 2024, 11:10:17 AM
Quote from: SouJerz on April 11, 2024, 05:38:04 PM

Just copy people smarter than you.  Buy dips. Continue to dollar cost average.  If you believe it’s going to 1 million or even 3.8 million than 70,000 a coin is far away from that number.  So just keep chipping away.  I like the good old monthly buy at whatever number is comfortable for you and then scoop up dips with bigger injections and don’t be scared it it starts dipping back to 20k be excited it’s on sale.

There is an unknown buyer out there that has been buying 100 BTC a day since late 2022. Should be very interesting if they are ever revealed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 12, 2024, 11:50:41 AM
SOME SERIOUS SHIT GOING DOWN TODAY.

Word is the SEC is about to come down HARD on ETH and indeed all "alts".

So, if you are in any alt right now for investment gain purposes, you should be VERY WORRIED. (And I have to say it - "I told you so".

If you are in BTC, you should be very happy. We might not get as much of a dip, but the total market correction still provides us a great opportunity to grab the only crypto asset that has been blessed by both the SEC and corporate America at a cheaper price. And we know that long term, BTC will attract far more investment as people realise the problems and risks with alts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 12, 2024, 12:01:18 PM
Quote from: gib on April 12, 2024, 11:50:41 AM
SOME SERIOUS SHIT GOING DOWN TODAY.

Word is the SEC is about to come down HARD on ETH and indeed all "alts".

So, if you are in any alt right now for investment gain purposes, you should be VERY WORRIED. (And I have to say it - "I told you so".

If you are in BTC, you should be very happy. We might not get as much of a dip, but the total market correction still provides us a great opportunity to grab the only crypto asset that has been blessed by both the SEC and corporate America at a cheaper price. And we know that long term, BTC will attract far more investment as people realise the problems and risks with alts.

It's old news. They already sent wells notices to some big defi projects. How did their XRP case go, their Grayscale case? They already had their coinbase wallet case thrown out. How did them labelling SOL a security go for SOL? Is it dead?

The SEC is nothing but a joke now, market doesn't care any more.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 12, 2024, 12:31:04 PM
There is some merit in what you say.

BTC at least is unstoppable, and it is already now broadly accepted. There is no turning back.

No other "alt" / unregistered security has been approved for an ETF.

Actions against exchanges enabling the sale of such unregistered securities is ongoing. Lets see where any litigation goes, ore perhaps the exchanges voluntarily comply. I would expect negotiations with Coinbase are ongoing ""We gave you BTC and US legitimacy. But now, it's your turn to stop with the shitcoinery.

And the market does care. Look at how prices moved today. If you are a large institutional investor (or even a small retail investor). Are you going to want to put your money into areas of unknown risk? Or into areas of certainty and clear upside?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 12, 2024, 12:54:38 PM
Quote from: gib on April 12, 2024, 12:31:04 PM

And the market does care. Look at how prices moved today. If you are a large institutional investor (or even a small retail investor). Are you going to want to put your money into areas of unknown risk? Or into areas of certainty and clear upside?

It's not just ALTs and shitcoin dumpings. Markets are dumping across the board. BTC, SPX, and even gold is dumping.

Are the all dumping too because the SEC is taking action against ETH, coinbase and Defi? No. As I said this is old news. And shouldn't BTC  be pumping if ETH and ALTs are gonna be annihilated? It's dropped as low as 8% from it's high today. (Check the Middle East situation for the news/optics for things dumping))

Also you haven't taken into account on-chain type of investors in crypto (retail including devs who do this more seriously and on a more full time basis). Buying in areas of "unknown risk" is a huge part of their trading strategy as it's historically proven to be an incredibly profitable strategy.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 12, 2024, 01:59:09 PM

Wearing everybody down again.

I don’t believe in DCA or dip buying.

Hey I wonder if any of the BTC maxis consider that after Gold peaked it entered a 20yr bear market despite inflation continuing the entire time?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 12, 2024, 03:30:38 PM
Quote from: Mayday on April 12, 2024, 01:59:09 PM
Wearing everybody down again.

I don’t believe in DCA or dip buying.

Hey I wonder if any of the BTC maxis consider that after Gold peaked it entered a 20yr bear market despite inflation continuing the entire time?

I bought this dip (not BTC or ETH) bought PYTH at $0.60 and staked it away on multiple wallets.

A similar 20 year/long term bear market or as I'd rather call it "stability and consolidation after a blow off top" for BTC is actually the desired outcome (maxis may say otherwise).. The debate is more around how soon that happens.

Same with the question when does tradfi truly gain control of BTC price action. Both probably happen at some point, but I'm not seeing it in this cycle. No need to decide now though. Let's see where we are later in the year. Bitcoin could be stuck around 50K or it could be over 100K plus,. As off now most models show BTC is sitting at fair value and that's one of the reasons I'm hesitant to say it's had it bullrun blow off top.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 12, 2024, 09:42:44 PM
Quote from: Mayday on April 12, 2024, 01:59:09 PM
Wearing everybody down again.

I don’t believe in DCA or dip buying.

Hey I wonder if any of the BTC maxis consider that after Gold peaked it entered a 20yr bear market despite inflation continuing the entire time?

If you are suggesting BTC has entered a "consolidation period", you are way off. Consolidation of BTC occurs when we have both saturated global adoption, AND when fiat money no longer devalues.

We are at less than 1% global adoption. And fiat money will always devalue. So, whilst BTC's volatility may reduce over time, it literally is "going up for ever"...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on April 12, 2024, 11:42:36 PM
Quote from: Mayday on April 12, 2024, 01:59:09 PM
Wearing everybody down again.

I don’t believe in DCA or dip buying.

Hey I wonder if any of the BTC maxis consider that after Gold peaked it entered a 20yr bear market despite inflation continuing the entire time?


I wonder how many people realized that BTC would go from 5k to 70k?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on April 13, 2024, 11:30:21 AM
is it safe to keep bitcoin on coinbase long term?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 13, 2024, 01:16:10 PM
Mayday called an "event". Looks like we just got it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on April 13, 2024, 04:34:59 PM
Gayest bear market ever.  At least for BTC shitcoins not so much.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on April 13, 2024, 04:36:15 PM
Wonder how many coins Blackrock bought on the dip?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 13, 2024, 05:37:54 PM
If Israel don't retaliate then something like this. High possibly on halving date.

(https://pbs.twimg.com/media/GLEkG7iaYAAgtWI?format=jpg&name=large)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 14, 2024, 05:02:18 AM
Quote from: gib on April 12, 2024, 09:42:44 PM
If you are suggesting BTC has entered a "consolidation period", you are way off. Consolidation of BTC occurs when we have both saturated global adoption, AND when fiat money no longer devalues.

We are at less than 1% global adoption. And fiat money will always devalue. So, whilst BTC's volatility may reduce over time, it literally is "going up for ever"...

Flex said consolidation, not me.

Gold had a 20yr bear market once it peaked. That’s all I said.

AMZ to 68,829, just HoDL.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 14, 2024, 05:22:02 AM
Quote from: Flexacon on April 13, 2024, 01:16:10 PM
Mayday called an "event". Looks like we just got it.

I had Mar-Jul 2024 timeframe and assumed energy related in my model a while ago.

I have loads more stuff but I’m out. It’s been real, peace ✌️

 libera te tutemet ex inferis

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 14, 2024, 08:50:06 AM
Quote from: Mayday on April 14, 2024, 05:22:02 AM
I had Mar-Jul 2024 timeframe and assumed energy related in my model a while ago.

I have loads more stuff but I’m out. It’s been real, peace ✌️

 libera te tutemet ex inferis

You'll be back! See you then. Party is just getting started...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 14, 2024, 11:54:27 AM
Quote from: SouJerz on April 13, 2024, 04:36:15 PM
Wonder how many coins Blackrock bought on the dip?

Blackrock only buys to meet end customer demand for its BTC ETF. So, that buying (or selling) starts tomorrow...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 15, 2024, 03:00:16 AM
https://watcher.guru/news/hong-kong-approves-spot-bitcoin-and-ethereum-application

Hong Kong Approves Spot Bitcoin and Ethereum Application

Hong Kong has approved spot Bitcoin (BTC) and Ethereum (ETH) ETF (Exchange Traded Fund) applications. The region is the second to do so in 2024, following the SEC’s (Securities and Exchange Commission) historic decision to approve 11 spot BTC ETFs in the US. However, although the US has approved 11 spot Bitcoin ETFs, the country has yet to greenlight an Ethereum ETF. According to some analysts, a spot ETH ETF could be approved in the US later this year.

The approval of spot ETH and BTC ETFs may lead to another rally for the cryptocurrency markets. The US spot BTC ETFs played a significant role in BTC hitting a new all-time high earlier this year. BTC hit $73,737 in early March with a rally fuelled by increased inflows into spot BTC ETFs.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 15, 2024, 07:40:46 AM
Could be a pretty significant development if true, which it seems to be.

Great news for both BTC and ETH.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on April 15, 2024, 08:36:48 AM
are you guys going to sell at 120k or hold until one million in one go?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on April 15, 2024, 12:41:07 PM
Quote from: Amerian Muscle on April 15, 2024, 08:36:48 AM
are you guys going to sell at 120k or hold until one million in one go?

HODL
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on April 15, 2024, 09:24:01 PM
Man gold keeps pumping. I really hope bitcoin can outperform it over the next 5 years
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on April 15, 2024, 09:54:17 PM
Quote from: Amerian Muscle on April 15, 2024, 09:24:01 PM
Man gold keeps pumping. I really hope bitcoin can outperform it over the next 5 years

I told you 2500 gold.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on April 15, 2024, 11:14:21 PM
Quote from: SouJerz on April 15, 2024, 09:54:17 PM
I told you 2500 gold.
I got rekt alright
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on April 16, 2024, 06:07:21 AM
But hey maybe it will work out in the end  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 16, 2024, 07:23:55 AM
Anyone worried just need to zoom out a little. We know BTC will hit 100K. We know it will hit 1m. But of course there will be ups and downs along the way.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on April 16, 2024, 07:26:42 AM
Quote from: gib on April 16, 2024, 07:23:55 AM
Anyone worried just need to zoom out a little. We know BTC will hit 100K. We know it will hit 1m. But of course there will be ups and downs along the way.
i am not worried about btc, I am more worried that gold is going to 50k/oz over the next decade. Unlikely tho  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on April 16, 2024, 12:33:20 PM
Quote from: gib on April 16, 2024, 07:23:55 AM
Anyone worried just need to zoom out a little. We know BTC will hit 100K. We know it will hit 1m. But of course there will be ups and downs along the way.

(https://media.tenor.com/images/25eba48a338d64e17edc99f88f0482bf/tenor.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on April 16, 2024, 03:31:59 PM
Quote from: gib on April 16, 2024, 07:23:55 AM
Anyone worried just need to zoom out a little. We know BTC will hit 100K. We know it will hit 1m. But of course there will be ups and downs along the way.

Not to mention it’s the best way to say fuck you to the federal reserve. Can’t print bitcoins.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on April 16, 2024, 11:19:58 PM
Quote from: SouJerz on April 16, 2024, 03:31:59 PM
Not to mention it’s the best way to say fuck you to the federal reserve. Can’t print bitcoins.
I read that the main risk to btc is cbdc
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on April 17, 2024, 09:41:32 AM
Textbook triple top going on in BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SOMEPARTS on April 17, 2024, 09:43:10 AM
Quote from: SouJerz on April 16, 2024, 03:31:59 PM
Not to mention it’s the best way to say fuck you to the federal reserve. Can’t print bitcoins.


Now THAT is funny! Who "invented" Bitcoin, and who allows it to exist? This is just another shell added to the existing shell game.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 17, 2024, 11:09:28 AM
Quote from: SOMEPARTS on April 17, 2024, 09:41:32 AM
Textbook triple top going on in BTC.

Thanks for marking the bottom  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Zillotch on April 17, 2024, 11:22:42 AM
greed can lead people into any belief… that's how satan drags em around by the nose
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 17, 2024, 11:43:51 PM
Quote from: Flexacon on April 17, 2024, 11:09:28 AM
Thanks for marking the bottom  :D

This is quite funny. But also quite possibly true. Many a chartist could look at the exact same triple peak and interpret it as a bottom from which another upward trend will emerge.... Which is why I don't dabble much in that type of pseudo-witchcraft.

For me its simple - we know with a high degree of likelihood that BTC will go up over time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on April 17, 2024, 11:46:17 PM
120k within 24 months :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on April 17, 2024, 11:54:57 PM
Quote from: gib on April 16, 2024, 07:23:55 AM
Anyone worried just need to zoom out a little. We know BTC will hit 100K. We know it will hit 1m. But of course there will be ups and downs along the way.

lol Time to wake up son ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on April 18, 2024, 12:05:14 AM
Quote from: affeman on April 17, 2024, 11:54:57 PM
lol Time to wake up son ;D
what watch does he wear? He often flashes his golden watch during debates and ive been wondering
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 18, 2024, 01:41:41 AM
Synthetic diamonds exist and soon will be indistinguishable from real diamonds. But gold is another matter. Not enough energy and pressure to create it in significant quantities in a lab. Not even our Sun can create gold. Gold does exist in the Sun, but it came from much more massive stars billions of years ago.

https://www.astronomy.com/science/does-all-the-gold-in-the-universe-come-from-stars/

Eventually, scientists calculated that the Sun contains almost 2.5 trillion tons of gold, enough to fill Earth's oceans and more. Still, that's just eight atoms of gold for every trillion atoms of hydrogen — a tiny amount when compared to the mass of the Sun. But how did gold come to be in the Sun and Earth? Nov 10, 2020
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 18, 2024, 04:29:39 AM
Quote from: obsidian on April 18, 2024, 01:41:41 AM
Synthetic diamonds exist and soon will be indistinguishable from real diamonds. But gold is another matter. Not enough energy and pressure to create it in significant quantities in a lab. Not even our Sun can create gold. Gold does exist in the Sun, but it came from much more massive stars billions of years ago.

https://www.astronomy.com/science/does-all-the-gold-in-the-universe-come-from-stars/

Eventually, scientists calculated that the Sun contains almost 2.5 trillion tons of gold, enough to fill Earth's oceans and more. Still, that's just eight atoms of gold for every trillion atoms of hydrogen — a tiny amount when compared to the mass of the Sun. But how did gold come to be in the Sun and Earth? Nov 10, 2020

And the purpose of posting this factoid is ... ?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on April 18, 2024, 09:01:29 AM
Quote from: gib on April 17, 2024, 11:43:51 PM
This is quite funny. But also quite possibly true. Many a chartist could look at the exact same triple peak and interpret it as a bottom from which another upward trend will emerge.... Which is why I don't dabble much in that type of pseudo-witchcraft.

For me its simple - we know with a high degree of likelihood that BTC will go up over time.

Wait a minute... Tracing lines isn't a science?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 18, 2024, 01:44:11 PM
Quote from: gib on April 18, 2024, 04:29:39 AM
And the purpose of posting this factoid is ... ?
I was thinking how synthetic diamonds blow away the scarcity narrative of diamonds. Then I thought, but what about gold. After thinking it through I realized it's not the same as diamonds. It's possible to make diamonds in a lab at scale. But not gold. So yes, physical gold is scarce and the price should be higher than it is actually. But its been suppressed because of all the use cases for gold. Very expensive gold will negatively impact many parts in the economy so there is motive to keep the price lower.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 18, 2024, 09:01:02 PM
Quote from: obsidian on April 18, 2024, 01:44:11 PM
So yes, physical gold is scarce and the price should be higher than it is actually. But it’s been suppressed because of all the use cases for gold. Very expensive gold will negatively impact many parts in the economy so there is motive to keep the price lower.

Why should the price of gold be higher and what leads you to this conclusion? Gold is performing slightly better than inflation, what’s the issue?

Having billions in speculative dollars buying assets with zero intention of consumption does not equate to true price.

It is actually us who are manipulating commodity markets. I was there for silver in 2011 and saw the intentional crashing of the Comex. The rules then changed and guess what? All that demand suddenly vanished and after 2 decades price is still -40% lower than the peak.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 18, 2024, 11:38:38 PM
Quote from: Mayday on April 18, 2024, 09:01:02 PM
Why should the price of gold be higher and what leads you to this conclusion? Gold is performing slightly better than inflation, what’s the issue?

Having billions in speculative dollars buying assets with zero intention of consumption does not equate to true price.

It is actually us who are manipulating commodity markets. I was there for silver in 2011 and saw the intentional crashing of the Comex. The rules then changed and guess what? All that demand suddenly vanished and after 2 decades price is still -40% lower than the peak.
What time period are you viewing? Sure, gold prices have started to climb. It just looks to me like it has a lot more room to run, unless the price is kept down artificially to reduce the impact on manufacturing and sales.

Here are some past prices:

July 2011 Ounce of Gold: $1,825

April 2024 Ounce of Gold: $2,382

Increase of 30.52% in 13 years

Food prices are up a lot more than 30.52% the past 13 years. Not sure how accurate these numbers are, but here's a site that calculates a 47% increase in food from 2011 to 2024. I think it is probably more than that.

https://www.in2013dollars.com/Food/price-inflation/2011-to-2024?amount=100

Gold is a scarce asset. And if you zoom out from 2011 to 2024 it has not kept up with the cost of certain goods.

Electronics have gone up in some areas and stayed the same in other areas. TVs have come down and the tech specs have gone up. 15 years ago a top of the line motherboard would run around $250. Now they go for over $1,000 - see the MSI Z790 Godlike. The tech or features are a lot more advanced though.

https://www.msi.com/Motherboard/MEG-Z790-GODLIKE
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 18, 2024, 11:44:54 PM
Quote from: Mayday on April 18, 2024, 09:01:02 PM
Why should the price of gold be higher and what leads you to this conclusion? Gold is performing slightly better than inflation, what’s the issue?

Having billions in speculative dollars buying assets with zero intention of consumption does not equate to true price.

It is actually us who are manipulating commodity markets. I was there for silver in 2011 and saw the intentional crashing of the Comex. The rules then changed and guess what? All that demand suddenly vanished and after 2 decades price is still -40% lower than the peak.
Speaking of silver, I really regret dumping over $3,000 in 200 silver gold coins around 2010. I still have those coins. Should have bought BTC instead. I was actively looking for a hedge against the dollar back then. Bitcoin was already known and discussed here on Getbig. But I skipped right over it. I thought it was similar to the SETI@home screensaver that just drained your pockets.  ;D A friend even told me to start mining Bitcoin and I said thanks, no thanks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on April 19, 2024, 05:26:34 AM
I’m still running the SETI screen saver.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 19, 2024, 06:17:57 AM
BTC HALVING COUNTDOWN CLOCK:

https://watcher.guru/bitcoin-halving

Happy halving everyone. 12 hours to go!

This next cycle is going to be epic.

Tick Tock, Next Block...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 19, 2024, 06:59:45 AM
My target for next halving in 2028 is...

Most likely price / mid-point - 1 BTC = $220,000.

High water mark - 1 BTC = $750,000.

Low water mark -1 BTC = $80,000.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on April 19, 2024, 08:20:06 AM
keep stackin those satoshi's!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 19, 2024, 02:19:26 PM
I agree with this poster (rsa.eth) that ETH is currently massively undervalued. It should be at $10,000 right now relative to the BTC price, if not more. It will cost more to attack ETH right now than BTC. A staker would need 66% of the staked ETH. It would take time to try and buy up 66% of the ETH supply, and the price would go parabolic. There's also a queue to become a staking validator.

https://twitter.com/RyanSAdams/status/1781081511736786985

A post on Reddit:

You think those Bitcoin mines are impenetrable fortresses? If a government seriously wanted to take down Bitcoin they can send a small military force to the biggest mines and have them taken over within a week. Fairly easy to justify the force with "North Korea and/or Russia is using Bitcoin to sell weapons to Terrorists and we need to stop them".

This would be about 1/100th of the cost of buying up 51% of all ETH.

https://www.reddit.com/r/ethereum/comments/11duz5f/is_ethereum_more_secure_than_bitcoin_at_this_point/

Ivan talks about ETH in this clip. One note I should make is that ETH has not been deflationary the past week. For the past 7 days the inflation as been 0.171%. Not a huge number though, that inflation is still lower than Bitcoin's current inflation, and lower than almost any other chain out there. I think BNB has a more aggressive burn. And there are efforts to burn a lot of SHIBA. Elon talked about reducing the supply of DOGE as well, or he advocated for whales to vacate some of their holdings.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 19, 2024, 02:25:00 PM
^^^^ Post above referenced a 51% ETH attack. It actually needs to be a 66% attack for total control.

Here's another Reddit post:

Both would require billions in fiat, but you're being stupid when thinking about how an attacker would get ASICs. They would build factories to produce them, not buy them from the market.

Lets work out their budget, how much could they spend and still be less than attacking Ethereum? So there is currently about 17 million ether staked. That works out to about $28 billion. To be equivalent to a 51% attack on PoW, an Ethereum attacker would need 2/3rds of the total stake, meaning double the current amount staked... $56 billion (assuming that the price is unchanged despite buying vastly more ether than is liquid anywhere).

For that amount of money you could build 10-20 Tesla gigafactories and still have plenty of billions left for expenses.

It is very silly to build your argument on the idea that ASICs are a limited resource and think that security comes from there not being enough for sale. That is true for ether, an attacker has literally no way to produce their own, they have to buy it from the market. That is not true for ASICs when we're talking about these amounts of money.

And from ethereum.org:

Attackers using >=66% of the total stake

An attacker with 66% or more of the total staked ether can finalize their preferred chain without having to coerce any honest validators. The attacker can simply vote for their preferred fork and then finalize it, simply because they can vote with a dishonest supermajority. As the supermajority stakeholder, the attacker would always control the contents of the finalized blocks, with the power to spend, rewind and spend again, censor certain transactions and reorg the chain at will. By purchasing additional ether to control 66% rather than 51%, the attacker is effectively buying the ability to do ex post reorgs and finality reversions (i.e. change the past as well as control the future). The only real defenses here are the enormous cost of 66% of the total staked ether, and the option to fall back to the social layer to coordinate adoption of an alternative fork. We can explore this in more detail in the next section.

https://ethereum.org/en/developers/docs/consensus-mechanisms/pos/attack-and-defense/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 19, 2024, 03:49:33 PM
Quote from: obsidian on April 18, 2024, 11:38:38 PM
What time period are you viewing? Sure, gold prices have started to climb. It just looks to me like it has a lot more room to run, unless the price is kept down artificially to reduce the impact on manufacturing and sales.

Here are some past prices:

July 2011 Ounce of Gold: $1,825

April 2024 Ounce of Gold: $2,382

Increase of 30.52% in 13 years

Food prices are up a lot more than 30.52% the past 13 years. Not sure how accurate these numbers are, but here's a site that calculates a 47% increase in food from 2011 to 2024. I think it is probably more than that.

https://www.in2013dollars.com/Food/price-inflation/2011-to-2024?amount=100

Gold is a scarce asset. And if you zoom out from 2011 to 2024 it has not kept up with the cost of certain goods.

Electronics have gone up in some areas and stayed the same in other areas. TVs have come down and the tech specs have gone up. 15 years ago a top of the line motherboard would run around $250. Now they go for over $1,000 - see the MSI Z790 Godlike. The tech or features are a lot more advanced though.

https://www.msi.com/Motherboard/MEG-Z790-GODLIKE

I’m looking at the period of the largest inflationary event of your adult life. Gold is doing what it is supposed to do and is ahead of inflation.

I have my own Gold targets and timing but just like with crypto they are much lower than 99% of other people’s.

One should ponder if they got inflation prediction wrong, rate prediction wrong, DXY wrong, they will get inflationary hedge price targets wrong aswell (always wrong to the upside). Conviction should come from getting things right. Gold hasn’t moved to the 10k targets because it’s not going to.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 21, 2024, 04:10:16 AM
Quote from: Mayday on April 19, 2024, 03:49:33 PM
I’m looking at the period of the largest inflationary event of your adult life. Gold is doing what it is supposed to do and is ahead of inflation.

I have my own Gold targets and timing but just like with crypto they are much lower than 99% of other people’s.

One should ponder if they got inflation prediction wrong, rate prediction wrong, DXY wrong, they will get inflationary hedge price targets wrong aswell (always wrong to the upside). Conviction should come from getting things right. Gold hasn’t moved to the 10k targets because it’s not going to.
On January 21, 1980, gold closes at $850 an ounce, the market high for decades. Silver closes at $49.

1987 high gold price was $502.75

https://smartasset.com/investing/inflation-calculator

$100 in 1980 is worth $381 in 2024 (if you can actually believe that). This is an average inflation rate of 3.10% and cumulative inflation of 280.65%.

Gold went from $850 in 1980 to $2,392 in 2024, an increase of 181.412%. And the cumulative inflation during this period was 280.65%.

Let's look at the 1987 price.

$502.75 to $2,392 is a 375.783% increase.

The thing is, the official method the government uses to calculate inflation is bogus. In reality it has been much higher, and most likely outpaced the gold price increase.

https://www.shadowstats.com/alternate_data/inflation-charts

For example, in 1987, a dozen eggs cost $0.78. In Biden's economy in 2023, a dozen eggs peaked at $4.82.That's a price increase of 517.949%. And gold only increased by 375.783%.

http://www.1980sflashback.com/1987/economy.asp
https://www.foxbusiness.com/economy/how-it-started-how-its-going-price-eggs-milk-steak-up-biden-took-office
https://www.calculatorsoup.com/calculators/algebra/percentage-increase-calculator.php

No, I am not impressed with the price increase of Gold relative to inflation and the devaluation of the dollar. The dollar is a doomed currency, like all other FIAT currencies.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on April 21, 2024, 06:40:17 AM
Quote from: obsidian on April 21, 2024, 04:10:16 AM
On January 21, 1980, gold closes at $850 an ounce, the market high for decades. Silver closes at $49.

1987 high gold price was $502.75

https://smartasset.com/investing/inflation-calculator

$100 in 1980 is worth $381 in 2024 (if you can actually believe that). This is an average inflation rate of 3.10% and cumulative inflation of 280.65%.

Gold went from $850 in 1980 to $2,392 in 2024, an increase of 181.412%. And the cumulative inflation during this period was 280.65%.

Let's look at the 1987 price.

$502.75 to $2,392 is a 375.783% increase.

The thing is, the official method the government uses to calculate inflation is bogus. In reality it has been much higher, and most likely outpaced the gold price increase.

https://www.shadowstats.com/alternate_data/inflation-charts

For example, in 1987, a dozen eggs cost $0.78. In Biden's economy in 2023, a dozen eggs peaked at $4.82.That's a price increase of 517.949%. And gold only increased by 375.783%.

http://www.1980sflashback.com/1987/economy.asp
https://www.foxbusiness.com/economy/how-it-started-how-its-going-price-eggs-milk-steak-up-biden-took-office
https://www.calculatorsoup.com/calculators/algebra/percentage-increase-calculator.php

No, I am not impressed with the price increase of Gold relative to inflation and the devaluation of the dollar. The dollar is a doomed currency, like all other FIAT currencies.

Buy Bitcoin!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 21, 2024, 11:00:09 PM
Quote from: obsidian on April 21, 2024, 04:10:16 AM
On January 21, 1980, gold closes at $850 an ounce, the market high for decades. Silver closes at $49.

1987 high gold price was $502.75

https://smartasset.com/investing/inflation-calculator

$100 in 1980 is worth $381 in 2024 (if you can actually believe that). This is an average inflation rate of 3.10% and cumulative inflation of 280.65%.

Gold went from $850 in 1980 to $2,392 in 2024, an increase of 181.412%. And the cumulative inflation during this period was 280.65%.

Let's look at the 1987 price.

$502.75 to $2,392 is a 375.783% increase.

The thing is, the official method the government uses to calculate inflation is bogus. In reality it has been much higher, and most likely outpaced the gold price increase.

https://www.shadowstats.com/alternate_data/inflation-charts

For example, in 1987, a dozen eggs cost $0.78. In Biden's economy in 2023, a dozen eggs peaked at $4.82.That's a price increase of 517.949%. And gold only increased by 375.783%.

http://www.1980sflashback.com/1987/economy.asp
https://www.foxbusiness.com/economy/how-it-started-how-its-going-price-eggs-milk-steak-up-biden-took-office
https://www.calculatorsoup.com/calculators/algebra/percentage-increase-calculator.php

No, I am not impressed with the price increase of Gold relative to inflation and the devaluation of the dollar. The dollar is a doomed currency, like all other FIAT currencies.

Nice outline.

*1980 to 2024 the dollar value is 280% inflation. Gold went 181%.
*You state the CPI is bogus and it’s really way higher (98% say this)
*you are not happy with Gold’s performance over 44yrs

After Gold went on its big run against inflation, It dropped -60% and eventually -70% yet inflation was still present. So inflation didn’t go away, why did it have such a large drop?

Look at the 30yr block from 1970-2000 and you see the Gold lows right at the end of 1999 kept aligned to inflation around +630. So for those 30yrs it aligned to inflation in the end.

Look at the next 23yr block 2000-2023. Gold goes almost 7x but inflation goes 0.9x 👀 so Gold is well in front of inflation at this point. So if it worked ok for the first 30yr block on the same metric but now in the 2nd block is ahead of the same metric, why is it the metric is suddenly wrong? Why is it ok for Gold to do +600% when inflation did +39% (2000-2011)  but not ok for Gold to do +33% vs 19% (2020-2024)?

I have NFI so it’s merely my different view on the numbers. I follow Gold and from 2020 I have seen every single guru and billionaire bullion guy get inflation, rates, DXY and gold prices horrifically wrong. They are on par with the Bitcoin maxis with expectations.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 21, 2024, 11:59:21 PM
Quote from: Mayday on April 21, 2024, 11:00:09 PM
Nice outline.

*1980 to 2024 the dollar value is 280% inflation. Gold went 181%.
*You state the CPI is bogus and it’s really way higher (98% say this)
*you are not happy with Gold’s performance over 44yrs

After Gold went on its big run against inflation, It dropped -60% and eventually -70% yet inflation was still present. So inflation didn’t go away, why did it have such a large drop?

Look at the 30yr block from 1970-2000 and you see the Gold lows right at the end of 1999 kept aligned to inflation around +630. So for those 30yrs it aligned to inflation in the end.

Look at the next 23yr block 2000-2023. Gold goes almost 7x but inflation goes 0.9x 👀 so Gold is well in front of inflation at this point. So if it worked ok for the first 30yr block on the same metric but now in the 2nd block is ahead of the same metric, why is it the metric is suddenly wrong? Why is it ok for Gold to do +600% when inflation did +39% (2000-2011)  but not ok for Gold to do +33% vs 19% (2020-2024)?

I have NFI so it’s merely my different view on the numbers. I follow Gold and from 2020 I have seen every single guru and billionaire bullion guy get inflation, rates, DXY and gold prices horrifically wrong. They are on par with the Bitcoin maxis with expectations.
It's good to be cautious. I just look at the US debt, the border crisis, the corrupt politicians, a new stimulus package for Ukraine and see BANKRUPT! The rest of the world will not keep financing the US. The debt party is going to end at some point, as sure as the sun will shine tomorrow.

Look at Granholm. She fucking lied under oath. Will she go to prison? Your average citizen will. These kind of people are destroying the US.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 22, 2024, 12:01:12 AM
Bitcoin is again above $66k, Binance over $600, Ethereum over $3,200. LFG!

BNB has been stellar the past few years to be honest. In the face of all the Binance FUD it has held up fantastically. I unstaked BNB with the intent to sell. Have not pulled the trigger, it keeps surprising me.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 22, 2024, 01:13:20 AM
I wonder who here BTFD?

(As usual after any big short term dip, I accumulated just a little more - got them at around 63.5k - not a perfectly timed bottom, but all good when you know in the long term supply is fixed and demand is growing).

Also bought a tiny bit of SOL and FIL.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on April 22, 2024, 05:09:18 AM
Quote from: gib on April 22, 2024, 01:13:20 AM
I wonder who here BTFD?

(As usual after any big short term dip, I accumulated just a little more - got them at around 63.5k - not a perfectly timed bottom, but all good when you know in the long term supply is fixed and demand is growing).

Also bought a tiny bit of SOL and FIL.

I picked up more Satoshis at 61,000
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 22, 2024, 08:25:15 AM
Quote from: SouJerz on April 22, 2024, 05:09:18 AM
I picked up more Satoshis at 61,000

NICE!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 22, 2024, 08:26:05 AM
Quote from: SouJerz on April 22, 2024, 05:09:18 AM
I picked up more Satoshis at 61,000

Maybe those were MayDay's which he sold ...  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on April 22, 2024, 08:38:22 AM
Quote from: gib on April 22, 2024, 08:26:05 AM
Maybe those were MayDay's which he sold ...  ;D

I have it set for automatic buys every 2 weeks and like you said when there is a nice drop 5% or bigger ill pick up a little extra.  MayDay's projections alerted him that 73,000 was the top so im sure he sold all of his satoshi's there. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on April 22, 2024, 09:10:03 AM
While the rally expectation continues for Bitcoin, which generally rises after the halving according to historical data, a new assessment came from Capriole Investments founder Charles Edwards.

Stating that the last halving represents a seismic change for Bitcoin as a whole at this point, Edwards stated that the cost of electricity after the halving increased to a figure of $ 77,400 for each new BTC mined.

Noting that the $77,400 Bitcoin electricity cost (the “raw” cost of electricity per block) is now higher than the spot price, Edwards claimed that Bitcoin's days below $100,000 are numbered.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 22, 2024, 03:37:58 PM
Quote from: gib on April 22, 2024, 08:26:05 AM
Maybe those were MayDay's which he sold ...  ;D

Mine were all alts remember 😉 I literally sold the top ticks and they are down -80% now and I way outperformed BTC. Perhaps Try being happy for someone who actually did what most can’t? I posted in real time so it’s all legit, none of the typical after the fact claiming in a move stuff.

I won’t give future moves. I can see you are upset gib. Hopefully whatever is stressing you goes away and you can feel better.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 22, 2024, 06:11:11 PM
Quote from: obsidian on April 21, 2024, 11:59:21 PM
It's good to be cautious. I just look at the US debt, the border crisis, the corrupt politicians, a new stimulus package for Ukraine and see BANKRUPT! The rest of the world will not keep financing the US. The debt party is going to end at some point, as sure as the sun will shine tomorrow.

Look at Granholm. She fucking lied under oath. Will she go to prison? Your average citizen will. These kind of people are destroying the US.



I hear you.

The Gold moves are long ones. The question will be what low do we take to be the correct starting point given it does decade long upwards moves?

The next consideration is dilution of asset classes on performance. Huge differences between the 2 starting points, one tops at 3k and one tops near 12k. So I’m looking for 3k timing to help decide which trend has the strongest correlation.  Much like what I did for the 76k BTC. See it get there first then take a look around and guess again 😀
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on April 22, 2024, 11:06:15 PM
Quote from: obsidian on April 21, 2024, 11:59:21 PM
It's good to be cautious. I just look at the US debt, the border crisis, the corrupt politicians, a new stimulus package for Ukraine and see BANKRUPT! The rest of the world will not keep financing the US. The debt party is going to end at some point, as sure as the sun will shine tomorrow.

Look at Granholm. She fucking lied under oath. Will she go to prison? Your average citizen will. These kind of people are destroying the US.


she keeps saying "really??" and "my goodness?" and she is a woman
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 23, 2024, 02:50:05 AM
Quote from: Mayday on April 22, 2024, 03:37:58 PM
Mine were all alts remember 😉 I literally sold the top ticks and they are down -80% now and I way outperformed BTC. Perhaps Try being happy for someone who actually did what most can’t? I posted in real time so it’s all legit, none of the typical after the fact claiming in a move stuff.

I won’t give future moves. I can see you are upset gib. Hopefully whatever is stressing you goes away and you can feel better.

Nothing is stressing me, other than you not being in BTC.

For my own holdings, I am cool as a cucumber. I just stack and chill.

I recall you being repeatedly bearish on BTC, so it surprises me you want even further out on the risk curve on shitcoins! But if you did, and if you made money, then of course I am happy for you my friend!

So, how are you storing those gains? In fiat (which you know will decline over time?). Or BTC, (which you know will increase over time?) Or some other asset?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 23, 2024, 04:59:15 AM
Quote from: gib on April 23, 2024, 02:50:05 AM
Nothing is stressing me, other than you not being in BTC.

For my own holdings, I am cool as a cucumber. I just stack and chill.

I recall you being repeatedly bearish on BTC, so it surprises me you want even further out on the risk curve on shitcoins! But if you did, and if you made money, then of course I am happy for you my friend!

So, how are you storing those gains? In fiat (which you know will decline over time?). Or BTC, (which you know will increase over time?) Or some other asset?

I have been bullish on BTC from 17.5k which was almost 2yrs ago. It’s a long time to have been bullish, most only went bull above 50k. I’m still bullish but it’s just if price can’t hold above 67k I am watching for 41k-48k. That’s why dip buying wasn’t really a thing for me at 60k. I have bought some nuked alts though.

I went far out on the curve because I believe this is the last alt run and therefore the last chance for a lottery attempt to beat BTC performance. Fuck it, why not lol.

The alts I sold I put towards my objectives, landscaping to finish on my property (my place will be magazine worthy in 5yrs once the gardens matures). I bought 7 guitars, all nice limited editions and then Paid for lessons in a different style to the Metallica I usually play. Quality of life stuff, be happy and proud with what I have achieved 😀

My big holdings are still in play. They are my bet on September 2025 (for now).


FWIW In my model I have something to happen in 2026. I am pondering if the US is going to re-peg their currency. It won’t be to Gold, it won’t be Bitcoin, it’ll be something else. The timing would be peak inflationary wave 2 so perhaps that’s all we get rather than 3 waves.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on April 23, 2024, 06:26:00 AM
Quote from: obsidian on April 19, 2024, 02:19:26 PM
I agree with this poster (rsa.eth) that ETH is currently massively undervalued. It should be at $10,000 right now relative to the BTC price, if not more. It will cost more to attack ETH right now than BTC. A staker would need 66% of the staked ETH. It would take time to try and buy up 66% of the ETH supply, and the price would go parabolic. There's also a queue to become a staking validator.

https://twitter.com/RyanSAdams/status/1781081511736786985

A post on Reddit:

You think those Bitcoin mines are impenetrable fortresses? If a government seriously wanted to take down Bitcoin they can send a small military force to the biggest mines and have them taken over within a week. Fairly easy to justify the force with "North Korea and/or Russia is using Bitcoin to sell weapons to Terrorists and we need to stop them".

This would be about 1/100th of the cost of buying up 51% of all ETH.

https://www.reddit.com/r/ethereum/comments/11duz5f/is_ethereum_more_secure_than_bitcoin_at_this_point/

Ivan talks about ETH in this clip. One note I should make is that ETH has not been deflationary the past week. For the past 7 days the inflation as been 0.171%. Not a huge number though, that inflation is still lower than Bitcoin's current inflation, and lower than almost any other chain out there. I think BNB has a more aggressive burn. And there are efforts to burn a lot of SHIBA. Elon talked about reducing the supply of DOGE as well, or he advocated for whales to vacate some of their holdings.



ETH initially lagged in the last bullrun as well.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on April 23, 2024, 06:31:02 AM
Quote from: gib on April 22, 2024, 01:13:20 AM
I wonder who here BTFD?

(As usual after any big short term dip, I accumulated just a little more - got them at around 63.5k - not a perfectly timed bottom, but all good when you know in the long term supply is fixed and demand is growing).

Also bought a tiny bit of SOL and FIL.

Since January 2022, Solana has seen around half a dozen significant outages and 15 partial or major outage days.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 23, 2024, 12:39:59 PM
Agree Griffith - SOL has lots of problems.

I bought purely because I believe it will be a popular alt over the next few years, not because of any really underlying long term technology value.

My vast vast majority of holding is BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on April 23, 2024, 02:11:54 PM
Solana will replace Ethereum which will gradually decline.
The Solana mainnet is in beta mode and has shown its enormous resilience by addressing unknown problems in record time compared to the gigantic volumes to be processed. In addition, FireDancer will bring the final touches to its security and the network will switch to production definitively.
Ethereum died the day it abandoned proof of work. now it is an extremely expensive limited blockchain which will die slowly cluttered by multiple layer 2s which are only patches on an aging network.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 23, 2024, 03:31:11 PM
Quote from: French on April 23, 2024, 02:11:54 PM
Solana will replace Ethereum which will gradually decline.
The Solana mainnet is in beta mode and has shown its enormous resilience by addressing unknown problems in record time compared to the gigantic volumes to be processed. In addition, FireDancer will bring the final touches to its security and the network will switch to production definitively.
Ethereum died the day it abandoned proof of work. now it is an extremely expensive limited blockchain which will die slowly cluttered by multiple layer 2s which are only patches on an aging network.
I love the Ethereum FUD. Please bring more. Be cautious when everyone shills a certain token. The less Ethereum is in the news the more it means you are still early. Remember Kennedy's shoeshine boy.

On a serious note, I have no doubt Solana will eventually fix their transaction issues. It remains to be seen though if the one chain for everything approach will work out. Currently it seems it doesn't because of all the failed transactions.

https://solanabeach.io/transactions

Solana will also have to address the inflation of the token. It's pretty high. Transactions are low because the chain subsidizes the stakers and giving them yield from the inflated supply. Ethereum's tokenomics is better right now than almost any blockchain. Binance BNB also has a good tokenomics, and Bitcoin obviously.

Ethereum's L2 is working out very well currently. See how Coinbase's Base has performed. It's an Ethereum L2. There are actually more L2s in the pipeline lol! And Bitcoin developers are also working on Bitcoin L2s. See where it is going? Solana might eventually have to do the same. So that L2 argument of yours will not hold up down the road I think.

https://www.thestreet.com/crypto/innovation/coinbases-base-network-is-shaping-the-future-of-decentralized-finance

The New Frontier: Coinbase’s Base Network is Shaping the Future of Decentralized Finance

Coinbase's new Base network, built on top of the Ethereum blockchain, addresses the shortcomings of the popular Layer 1 ecosystems, Ethereum and Solana.

The move to Proof of Stake was a great move. It means Ethereum uses less energy and it actually makes it more expensive to attack the network compared to Bitcoin. Bitcoin mining will centralize more as less BTC is released to miners. So what happens if a rogue actor launches a few rockets at a couple of mining facilities? Sure, someone could do it to a staking facility also. But if it is more decentralized and compact it might be harder to do.

We'll see how it turns out in the long run.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 23, 2024, 03:33:55 PM
https://www.thestreet.com/crypto/innovation/coinbases-base-network-is-shaping-the-future-of-decentralized-finance

Ethereum and Solana Networks: Pros and Cons

The Ethereum network is widely regarded as the most robust in crypto, backed by a strong community of developers. It is known for its reliability and security, with high performance where transactions seldom fail. However, its significant drawback is the high transaction fees during periods of peak demand. For instance, fees escalated to several hundred USD per transaction during the market peak in 2021.

In contrast, the Solana network is more accessible for retail users due to its minimal network fees (mere pennies per transaction). However, it sometimes experiences slower or failed transactions when under high demand.

^^^^^^^
Regarding the Ethereum high fees, that's actually a plus if you want token deflation. Ethereum's deflation has taken a hit since the recent Dencun upgrade will lower fees. Extremely low fees also bring spam and congestion. I wish email was not so cheap - it would lead to less spam if spammers had to pay for each email they send.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 23, 2024, 03:39:53 PM
Quote from: gib on April 23, 2024, 12:39:59 PM
Agree Griffith - SOL has lots of problems.

I bought purely because I believe it will be a popular alt over the next few years, not because of any really underlying long term technology value.

My vast vast majority of holding is BTC.

You have the same behaviour as everybody else 😀 We all moved out the risk curve. You now recommend and buy alts (regardless it’s 2 it’s still a move away from your BTC only stance). All the BTC maxis from 2020-21 have also bought alts.

Those of us in alts in 2020-21 have moved into shitcoins, memes. It’s a dirty, dirty place out here man lol. A Total scam.

I expect around 500k shitcoins will be available in 2025 and is why I believe this is how the shitcoin space dies. It dilutes faster than funds coming in. Already seen it happening, so many rugpulls and failed launches.

If I am right about the US repegging the USD in 2026, perhaps this is the narrative to trigger a huge bullrun in 2025? I am open to ideas.

On a side note Grayscale has changed the ETF fees, therefore the punishment of Barry has now stopped. It cost him 50% of his holdings to keep out of jail 😬  I never know the story but 76k and I assume some dickhead ruins it for us and yes indeed, Barry fucked all of us 😂
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 23, 2024, 04:06:14 PM
Quote from: Mayday on April 23, 2024, 03:39:53 PM
You have the same behaviour as everybody else 😀 We all moved out the risk curve. You now recommend and buy alts (regardless it’s 2 it’s still a move away from your BTC only stance). All the BTC maxis from 2020-21 have also bought alts.

Those of us in alts in 2020-21 have moved into shitcoins, memes. It’s a dirty, dirty place out here man lol. A Total scam.

I expect around 500k shitcoins will be available in 2025 and is why I believe this is how the shitcoin space dies. It dilutes faster than funds coming in. Already seen it happening, so many rugpulls and failed launches.

If I am right about the US repegging the USD in 2026, perhaps this is the narrative to trigger a huge bullrun in 2025? I am open to ideas.

On a side note Grayscale has changed the ETF fees, therefore the punishment of Barry has now stopped. It cost him 50% of his holdings to keep out of jail 😬  I never know the story but 76k and I assume some dickhead ruins it for us and yes indeed, Barry fucked all of us 😂
In 2021 I got into Dogecoin around 2 cents. It went to 73 cents and ten crashed down. Currently it is at 16 cent. That's still 8x the 2021 low end price. The price bar has been lifted. It could potentially go back to $1. That's a 6x move. Totally possible. It's been a top 10 crypto for years now.

So that's one shitcoin that will probably not go away. Dogecoin is also over 10 years old now, older than Ethereum.

I do agree with you, there's just too many tokens. One benefit of a Meme is it can't be classified a security. You're buying a meme because it is "cute", like a pokemon card.

https://blackmountainig.com/why-memecoins-arent-securities/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 23, 2024, 04:12:01 PM
Bitboy made an interesting comment about Cardano and diamond hands.

The problem for Cardano is the older investors are holding their tokens with diamond hands. Whales need to be able to get into the token for the price to go up. So some of those diamond hands need to sell. At some point Saylor would have to stop buying BTC also. The more his entities acquire the more centralization fears will be raised. Imagine if he owned 100% of Bitcoin - lol! It would be worthless. There needs to be a balance between whales and smaller portfolio holders.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on April 23, 2024, 05:34:58 PM
(https://media.tenor.com/images/25eba48a338d64e17edc99f88f0482bf/tenor.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on April 23, 2024, 07:52:02 PM
This
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on April 23, 2024, 09:41:07 PM
https://www.zerohedge.com/crypto/chinese-fx-outflows-soar-priming-next-bitcoin-surge (https://www.zerohedge.com/crypto/chinese-fx-outflows-soar-priming-next-bitcoin-surge)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 24, 2024, 03:24:24 AM
Quote from: SouJerz on April 23, 2024, 09:41:07 PM
https://www.zerohedge.com/crypto/chinese-fx-outflows-soar-priming-next-bitcoin-surge (https://www.zerohedge.com/crypto/chinese-fx-outflows-soar-priming-next-bitcoin-surge)

Yes, we will over time see massive amounts of Chinese currency flowing into BTC. There are various restrictions on capital outflows in China, but also very easy to circumvent - Chinese are innovative when it comes to loopholes with regard to putting their money into assets beyond the reach of the CCP.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 24, 2024, 03:32:21 AM
Quote from: obsidian on April 23, 2024, 04:12:01 PM
Bitboy made an interesting comment about Cardano and diamond hands.

The problem for Cardano is the older investors are holding their tokens with diamond hands. Whales need to be able to get into the token for the price to go up. So some of those diamond hands need to sell. At some point Saylor would have to stop buying BTC also. The more his entities acquire the more centralization fears will be raised. Imagine if he owned 100% of Bitcoin - lol! It would be worthless. There needs to be a balance between whales and smaller portfolio holders.

Not really - it will become increasingly difficult for MSTR or Blackrock to acquire more than 1% of all BTC supply. Price will simply rise too much, meaning any additional amount they seek to acquire would be increasingly expensive, and hence less of an overall % increase. I don't think MSTR would ever get much beyond 1%. Perhaps 1.2% of all supply at some time in our lives. As for Blackrock, I can't see them ever accumulating more than 2.5% of global supply. And remember, in both cases, whilst these are single entities, they are essentially holding on behalf of hundreds of thousands of individual shareholders.

Hence of the often stated statistic that the average person is only likely to only ever own 7% more of what whatever BTC they now currently own, at any time in the future. Or in other words, (unless you are really proactive), you have likely accumulated 93% of all the BTC you will ever own. (Same principle applies on a larger scale also).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 24, 2024, 03:43:14 AM
Quote from: Mayday on April 23, 2024, 03:39:53 PM
You have the same behaviour as everybody else 😀 We all moved out the risk curve. You now recommend and buy alts (regardless it’s 2 it’s still a move away from your BTC only stance). All the BTC maxis from 2020-21 have also bought alts.

Those of us in alts in 2020-21 have moved into shitcoins, memes. It’s a dirty, dirty place out here man lol. A Total scam.

I expect around 500k shitcoins will be available in 2025 and is why I believe this is how the shitcoin space dies. It dilutes faster than funds coming in. Already seen it happening, so many rugpulls and failed launches.

If I am right about the US repegging the USD in 2026, perhaps this is the narrative to trigger a huge bullrun in 2025? I am open to ideas.

On a side note Grayscale has changed the ETF fees, therefore the punishment of Barry has now stopped. It cost him 50% of his holdings to keep out of jail 😬  I never know the story but 76k and I assume some dickhead ruins it for us and yes indeed, Barry fucked all of us 😂

Not really. First of all, nothing I buy is an "alt" to Bitcoin. Sol, for example, I see as an alt to ETH. And FIL I see as an alt to the cloud storage services provided by Amazon, MSFT, and Google. And Uniswap I se as a alt to some types of financial and trading services. But none do I buy as an alt to BTC.

Second, the amount of non-BTC crypto is tiny. Less than 2.55% of my BTC holdings.

Also, these investments I have, are all with a long term hodl in mind (as I believe in the underlying long term upside). I don't buy in the hope of making a quick alt-gain to use to ultimately accumulate more BTC.

So I don't see any of what I do as being inconsistent with the BTC maxi philosophy, just like me being a BTC maxi does no stop me buying gold, property, or stocks.

Your point about shitcoins is the reason why I never partake. When you pay money something with no fundamental value and with infinite supply, you will be allowing yourself to get scammed by an inevitable the infinite dilution of shitcoinery, all eventually falling to almost zero. Every time, lessons are learned. And everytime, new shitcoiners (and sometimes prior ones who have not learned their lesson), return. If we all focussed our monetary energy solely into BTC, we would all collectively be so much better off. Over time, this is what will happen to a much greater extent - but it sometimes takes people being burned directly before they learn their lesson.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 24, 2024, 03:49:29 AM
Quote from: Mayday on April 23, 2024, 04:59:15 AM

The alts I sold I put towards my objectives, landscaping to finish on my property (my place will be magazine worthy in 5yrs once the gardens matures). I bought 7 guitars, all nice limited editions and then Paid for lessons in a different style to the Metallica I usually play. Quality of life stuff, be happy and proud with what I have achieved 😀

My big holdings are still in play. They are my bet on September 2025 (for now).


Nice one - always good to put any stored value you have into things you truely want. Congrats!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on April 24, 2024, 08:40:18 AM
 https://www.zerohedge.com/crypto/hong-kong-bitcoin-and-ether-etfs-officially-approved-start-trading-april-30 (https://www.zerohedge.com/crypto/hong-kong-bitcoin-and-ether-etfs-officially-approved-start-trading-april-30)

Honk kong ethereum and Bitcoin etf approved.

When is the deadline for the USA Ethereum ETF?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 24, 2024, 11:47:12 AM
Quote from: SouJerz on April 24, 2024, 08:40:18 AM
https://www.zerohedge.com/crypto/hong-kong-bitcoin-and-ether-etfs-officially-approved-start-trading-april-30 (https://www.zerohedge.com/crypto/hong-kong-bitcoin-and-ether-etfs-officially-approved-start-trading-april-30)

Honk kong ethereum and Bitcoin etf approved.

When is the deadline for the USA Ethereum ETF?

The HK one is interesting. They will allow "in kind" purchases for BTC (ie you can send Sats in return for the ETF, and, I think, you can also receive cashouts in Sats).

Time will tell how much demand there is for these ETFs, but the demand is likely to be way higher for BTC than ETH (at least in the foreseeable future).

Regarding the US, the first possible approval date (which many Eth'ers are keenly hoping on), is 23 May 2024. Lets see. (Peresonally, I think its very unlikely we will see an approval of an ETH ETF on this day - indeed, I think it might be delayed at least a until after the next US election).

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on April 24, 2024, 02:07:59 PM
I agree I think the ethereum ETF doesn’t get approved this time around but eventually it will.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on April 25, 2024, 10:22:14 PM
 https://www.reuters.com/markets/us/us-sec-expected-deny-spot-ether-etfs-next-month-industry-sources-say-2024-04-25/ (https://www.reuters.com/markets/us/us-sec-expected-deny-spot-ether-etfs-next-month-industry-sources-say-2024-04-25/)

Not looking good
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 26, 2024, 04:27:10 AM
Quote from: SouJerz on April 25, 2024, 10:22:14 PM
https://www.reuters.com/markets/us/us-sec-expected-deny-spot-ether-etfs-next-month-industry-sources-say-2024-04-25/ (https://www.reuters.com/markets/us/us-sec-expected-deny-spot-ether-etfs-next-month-industry-sources-say-2024-04-25/)

Not looking good

This is what I told ETH'ers all along who naively believed that 23 May it was going to happen.

I would be quite happy if it was accepted that there is no "alt" to BTC, but that there are an infinite number of alternatives to Eth, and they further, that Eth (obviously) is an illegally issued security, which in turn would be quite a perversion of core SEC principles and logic to allow to be listed in an ETF security (just as it would be unfathomable for XRP to be allowed to used in this way).

I expect this will all be delayed to next election. Greyscale has incentive to push for an ETH ETF. The other providers I think don't really care too much, as I think they know both volumes will be much lower, and that its ultimately dilutive to BTC.

Hong Kong's ETH ETF starts trading next week (along with their BTC ETFs). That may provide some insight to demand.




Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 26, 2024, 04:57:13 AM
Quote from: gib on April 26, 2024, 04:27:10 AM
This is what I told ETH'ers all along who naively believed that 23 May it was going to happen.

I would be quite happy if it was accepted that there is no "alt" to BTC, but that there are an infinite number of alternatives to Eth, and they further, that Eth (obviously) is an illegally issued security, which in turn would be quite a perversion of core SEC principles and logic to allow to be listed in an ETF security (just as it would be unfathomable for XRP to be allowed to used in this way).

I expect this will all be delayed to next election. Greyscale has incentive to push for an ETH ETF. The other providers I think don't really care too much, as I think they know both volumes will be much lower, and that its ultimately dilutive to BTC.

Hong Kong's ETH ETF starts trading next week (along with their BTC ETFs). That may provide some insight to demand.
ETF BTC inflows have slowed down, even with Blackrock's fund. They want additional funds to flow in via the ETH ETF. Meanwhile the Asians can snap up ETH while it is still extremely undervalued relative to BTC. The SEC delaying the ETF will just mean US investors will lose the opportunity to get in at a lower floor. The rest of the world is not going to wait for them to get their shit straight.

If it wasn't for the Signing of the Securities Exchange Act of 1934 you would not even be using this language. Security means alarm systems, antivirus, etc. Fuck this other meaning brought in by old farts that never even saw a computer in their whole life. That shit is not applicable at all to cryptocurrencies.

I can use all your arguments against you. Bitcoin was pre-mined by Satoshi because he was the only one dominating the hashrate and hence he could mine over a million BTC in record time. That's 4.76% of the total BTC supply. Meanwhile the ETH foundation holds just 0.3% of all ETH in circulation. That's 3x less than Saylor's percentage of BTC and almost 16x less than Satoshi. Talk about being decentralized - WOW! Once the masses find out this secret along with the fact that it gives yield and is sometimes deflationary they should jump on it! LOL - who am I kidding. They will follow the FUD until the narrative changes.

The SEC's job is to protect investors. That's it. ETH is not a security at all. The "profit on the work of others" does not apply to stakers. And I can throw that argument at you and Saylor as well. You're doing nothing to develop Bitcoin, you're not maintaining it, you're not mining it. You expect the price to go up so you can profit (based on the work of others). See, I did it! I summed your shit up perfectly!  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 26, 2024, 04:59:32 AM
Justin Sun recently acquired close to $500 million worth of ETH. Interesting move.

https://www.coindesk.com/business/2024/03/14/justin-sun-deposits-480m-of-eth-to-restaking-protocol-etherfi/

Justin Sun Deposits $480M of ETH to Restaking Protocol Ether.Fi
Ether.Fi is nearing $3 billion in total value locked.

The 120,000 ether deposited was acquired in February, when ETH was worth around $2,800.
Ether.Fi is nearing $3 billion in TVL ahead of its governance token release later this month.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on April 26, 2024, 10:11:56 AM
Quote from: obsidian on April 26, 2024, 04:59:32 AM
Justin Sun recently acquired close to $500 million worth of ETH. Interesting move.

https://www.coindesk.com/business/2024/03/14/justin-sun-deposits-480m-of-eth-to-restaking-protocol-etherfi/

Justin Sun Deposits $480M of ETH to Restaking Protocol Ether.Fi
Ether.Fi is nearing $3 billion in total value locked.

The 120,000 ether deposited was acquired in February, when ETH was worth around $2,800.
Ether.Fi is nearing $3 billion in TVL ahead of its governance token release later this month.

What percent are you getting on your staked ethereum?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 26, 2024, 01:19:26 PM
Quote from: SouJerz on April 26, 2024, 10:11:56 AM
What percent are you getting on your staked ethereum?
If fluctuates depending on how many people are staking - similar to how the mining difficulty increases or decreases relative to hash rate. When I started staking I was getting over 4%. Now it is apparently around 2.5%.

The thing is the staking yield cannot be too high or else the Ethereum inflation will increase. That is what's happening to Solana. The supply inflates because new Solana is minted to pay stakers.

If there are less stakers the yield percentage can increase without affecting the supply inflation too much

It's a fine balancing act. When the yield drops too low, people might unstake  and then the yield goes up again.

Flexacon mentioned EigenLayer restaking. I'll have to look into that. Looks like I will have to move my ETH to different platforms if I want to take advantage of that. But that could potentially be a way to get more yield on staked ETH. I think there are waiting lines for EigenLayer also.

I thought about solo staking, but it seems to be a real pain in the ass to set up and there are long enter and exit periods apparently.

Ethereum’s Queue for New Validators Is 51 Times Longer Than Its Exit Queue
Almost 8,300 validators each with 32 ETH are currently waiting in line to begin staking, while 161 validators are trying to exit, a sign of continued interest in restaking.

https://www.theblock.co/post/290303/eigenlayer-tvl-15-billion

EigenLayer's TVL crosses $15 billion as restaking protocol expands ecosystem

The total value locked on Ethereum restaking protocol EigenLayer surpassed $15 billion after the project recently lifted its caps.

The platform allows users to stake native ether and liquid staked ether, which is then restaked to secure other protocols.

The TVL jump came after EigenLayer had its anticipated launch on April 9, allowing actively validated services to come online.

The project added several updates following the launch, most recently lowering the minimum stake for the operators on its data availability layer EigenDA, from 320 ETH to 96 ETH.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 26, 2024, 01:36:34 PM
https://www.axios.com/2024/04/25/consensys-ethereum-sec-lawsuit

Consensys files preemptive lawsuit against SEC over Ethereum

Consensys, the Ethereum blockchain company founded by Joe Lubin, sued the Securities and Exchange Commission Thursday seeking to head off any coming enforcement action.

Why it matters: One of the biggest Ethereum firms is striking back amid an ongoing campaign by the SEC to classify the world's second largest digital asset a security.

"We are hopeful that the case brings attention to — and ultimately halts — the SEC's reckless approach," Lubin said in a press statement.

Between the lines: The firm is seeking injunctive relief, "preventing the SEC from continuing any investigation or commencing an enforcement action" against it as it relates to the premise that ether transactions are securities transactions, the lawsuit reads.

Consensys has been subject to "coercive investigation" by SEC staff and in 2023 received three subpoenas containing two dozen distinct requests for information, according to the lawsuit.

On April 10, 2024, the SEC staff sent Consensys a Wells Notice for allegedly violating the federal securities laws through its MetaMask Swaps and MetaMask Staking products.

The bottom line: Consensys wants a court to say that ether is not a security, that its MetaMask wallet is not a broker, and that its staking service didn't violate federal securities law.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 26, 2024, 01:43:28 PM
The SEC's job is not to pick winners and losers. Their main job is to protect investors. Not to BRIBE companies.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 28, 2024, 11:34:19 PM

It’s going to be interesting to see how the holders in the ETF inflows react.

Blackrock stopped reporting flows. The guys people swore were the enemy yet were cheered on by the same people when they started a BTC ETF lol 😂

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on April 28, 2024, 11:47:18 PM
2 years from now btc will be over 100k
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 28, 2024, 11:52:25 PM
Quote from: Amerian Muscle on April 28, 2024, 11:47:18 PM
2 years from now btc will be over 100k

Why so bearish?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on April 28, 2024, 11:54:41 PM
Quote from: Mayday on April 28, 2024, 11:52:25 PM
Why so bearish?
i bought 1 btc recently so that means the start of bear market is in
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 29, 2024, 12:14:54 AM
Quote from: Amerian Muscle on April 28, 2024, 11:54:41 PM
i bought 1 btc recently so that means the start of bear market is in

😂

It can feel a bit like that at times.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 29, 2024, 01:27:07 AM
Broader market is looking pretty messed up right now. Gonna need the JPowell and/or Yellen to pull another rabbit out of the hat pretty soon, otherwise it's gonna be a long sideways chop this summer and possibly longer.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 29, 2024, 01:52:56 AM
Quote from: Mayday on April 28, 2024, 11:34:19 PM
It’s going to be interesting to see how the holders in the ETF inflows react.

Blackrock stopped reporting flows.

What do you mean by this? All ETFs are under the listing required to report flows on a daily basis. IBIT being no exception.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 29, 2024, 03:07:54 AM
Quote from: gib on April 29, 2024, 01:52:56 AM
What do you mean by this? All ETFs are under the listing required to report flows on a daily basis. IBIT being no exception.

They have been showing zero flows for the past 3 trading days.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 29, 2024, 03:17:59 AM
Quote from: obsidian on April 26, 2024, 04:57:13 AM

If it wasn't for the Signing of the Securities Exchange Act of 1934 you would not even be using this language. Security means alarm systems, antivirus, etc. Fuck this other meaning brought in by old farts that never even saw a computer in their whole life. That shit is not applicable at all to cryptocurrencies.

I can use all your arguments against you. Bitcoin was pre-mined by Satoshi because he was the only one dominating the hashrate and hence he could mine over a million BTC in record time. That's 4.76% of the total BTC supply. Meanwhile the ETH foundation holds just 0.3% of all ETH in circulation. That's 3x less than Saylor's percentage of BTC and almost 16x less than Satoshi. Talk about being decentralized - WOW! Once the masses find out this secret along with the fact that it gives yield and is sometimes deflationary they should jump on it! LOL - who am I kidding. They will follow the FUD until the narrative changes.

The SEC's job is to protect investors. That's it. ETH is not a security at all. The "profit on the work of others" does not apply to stakers. And I can throw that argument at you and Saylor as well. You're doing nothing to develop Bitcoin, you're not maintaining it, you're not mining it. You expect the price to go up so you can profit (based on the work of others). See, I did it! I summed your shit up perfectly!  ;D

I think you are really confusing concepts here Obsidian. (Can I suggest maybe watching a few less youtube videos, and actually doing some legal research).

The term "securities" as it applies to the law the SEC enforces, has nothing to do with IT security. Rather is has to do with laws that govern fungible and publicly tradable financial instruments.

You are also misunderstanding what the role of the SEC is. It is not "to protect investors". Indeed, investors can, and do, make bad investments every day with SEC compliant securities. The SEC makes no decision on the merit of any investment. More accurate would be to say that the SEC's role is to regulate securities markets, as it is required by law to do, (and that this in turn, hopefully, will "protect" investors, to the extent that certain the many aspects of securities' laws need to be complied with). So, the SEC could not care less if BTC goes up or down. But it cares deeply, if you were to attempt to list any security in an unregulated matter (as occurred with almost all crypto tokens). Its not a matter of whether you like the law or not - the law is the law and the SEC enforces.

So, you don't need to make any argument against me. I am just telling you what the law is.

As for BTC being "pre-mined", it wasn't. All of us, Satoshi included, had to put in equal work to mine Sats. That was the case from day #1 of the code going public. And that differs from ETH any many others, whereby the creators of what was essentially a tech company, raised funds for their "projects" (businesses), by issuing tradable "tokens" (shares) and retaining a share of these shares for themselves, selling on the market for for BTC or fait over time.

With BTC, the work is done by the miners. They have converted energy into Sats. And those Sats can the be bought and traded by others. And this was the case from day #1. No security here - rather a digital commodity.

As for your comments about staking and deflationary etc, all this is a scam. If I sell you a piece of shit, and then tell you its "good value" because in a few days I will give you a brand new more of a turd for free, that does not change the fact that the underlying thing you have is a piece of shit. Similarly, if I told you that that piece of shit was going to gradually decompose, and become a small piece of shit over time... it doesn't matter - its still a piece of shit! Its really a very obvious marketing illusion.

Eth, can and will, be replaced any an infinite number of "alts" to Eth. However, there is not any "alt" to BTC - there can't be, as BTC cannot be recreated, nor can it be uncreated. It takes a while for people to truly understand, but eventually they do...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 29, 2024, 03:20:13 AM
Quote from: Flexacon on April 29, 2024, 03:07:54 AM
They have been showing zero flows for the past 3 trading days.

Yes, so in fact they HAVE been reporting they flows (as all BTC ETFs are required to do). Sometimes those flows are positive, sometimes they are neutral, sometimes they are negative. This is how all ETFs work, BTC EFT's being no exception. Last 3 days IBIT has had no "inflows" (nor "outflows") of any significance (so basically neutral over these last 3 days).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 29, 2024, 03:46:32 AM
Quote from: Flexacon on April 29, 2024, 01:27:07 AM
Broader market is looking pretty messed up right now. Gonna need the JPowell and/or Yellen to pull another rabbit out of the hat pretty soon, otherwise it's gonna be a long sideways chop this summer and possibly longer.

We went parabolic and peaked.

You can see the buyer clusters. It all rests on the shoulders of the ETF buyers to hold 58k. Everyone is certain ETF Buyers are diamond hands. 🙌

There is a lot of anger and confusion around. The kind that needs layers to get rid of.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on April 29, 2024, 09:22:00 AM
Quote from: Mayday on April 29, 2024, 12:14:54 AM
😂

It can feel a bit like that at times.
still I read in credible sources that 120k is to be expected in 24 months. I have no reason to doubt these sources majorly. So lets take off 20% to be conservative and we get 100k
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 29, 2024, 10:27:13 AM
Quote from: Mayday on April 29, 2024, 03:46:32 AM
We went parabolic and peaked.

You can see the buyer clusters. It all rests on the shoulders of the ETF buyers to hold 58k. Everyone is certain ETF Buyers are diamond hands. 🙌

There is a lot of anger and confusion around. The kind that needs layers to get rid of. But some of the ETF buyers, and especially those who by general ETFs of which the BTC ETF is a small part off, will naturally be long term passive hodlers (and indeed accumulators) over time.


No buyer is an absolute diamond hand. If they were, there would be no trading except for newly mined coin. WHat we do know, is that many of the ETF buyers will be passive and "sticky", and many will slowly accumulate and hodl for decades to come, especially as the BTC ETFs get incorporated into small portions of more general asset ETFs.

As for holding 58K, all these short term predictions are really non-sensical, as no-one can predict these with certainty. However, what we an do is conclude that is likely BTC will rise for ever, and if so, we simply stack and hodl.

Further, looking at this in USD (which is among the least worst performing of all global currencies) vs BTC is rather US-centric, when you consider that the USD has itself gained against almost all global currencies over the last year. Against most global currencies, BTC is close to, or at the absolute peak, and even against the USD (which has outperformed most global currencies) BTC is up over 100% in just the last year alone.

You are looking at, and being distracted by, micro-parabolas. If you were to zoom out, to say, 2030, you would just see one massive parabolic adoption curve, just like if you zoomed in/our on Microsoft, Amazon, or Google.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on April 29, 2024, 11:22:10 AM
Received a suspicious metamask email regarding kyc before 2042. Legit or ruse?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on April 29, 2024, 11:30:43 AM
Quote from: Amerian Muscle on April 28, 2024, 11:47:18 PM
2 years from now btc will be over 100k

More like this year.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 29, 2024, 12:19:52 PM
Quote from: gib on April 29, 2024, 03:17:59 AM
I think you are really confusing concepts here Obsidian. (Can I suggest maybe watching a few less youtube videos, and actually doing some legal research).

The term "securities" as it applies to the law the SEC enforces, has nothing to do with IT security. Rather is has to do with laws that govern fungible and publicly tradable financial instruments.

You are also misunderstanding what the role of the SEC is. It is not "to protect investors". Indeed, investors can, and do, make bad investments every day with SEC compliant securities. The SEC makes no decision on the merit of any investment. More accurate would be to say that the SEC's role is to regulate securities markets, as it is required by law to do, (and that this in turn, hopefully, will "protect" investors, to the extent that certain the many aspects of securities' laws need to be complied with). So, the SEC could not care less if BTC goes up or down. But it cares deeply, if you were to attempt to list any security in an unregulated matter (as occurred with almost all crypto tokens). Its not a matter of whether you like the law or not - the law is the law and the SEC enforces.

So, you don't need to make any argument against me. I am just telling you what the law is.

As for BTC being "pre-mined", it wasn't. All of us, Satoshi included, had to put in equal work to mine Sats. That was the case from day #1 of the code going public. And that differs from ETH any many others, whereby the creators of what was essentially a tech company, raised funds for their "projects" (businesses), by issuing tradable "tokens" (shares) and retaining a share of these shares for themselves, selling on the market for for BTC or fait over time.

With BTC, the work is done by the miners. They have converted energy into Sats. And those Sats can the be bought and traded by others. And this was the case from day #1. No security here - rather a digital commodity.

As for your comments about staking and deflationary etc, all this is a scam. If I sell you a piece of shit, and then tell you its "good value" because in a few days I will give you a brand new more of a turd for free, that does not change the fact that the underlying thing you have is a piece of shit. Similarly, if I told you that that piece of shit was going to gradually decompose, and become a small piece of shit over time... it doesn't matter - its still a piece of shit! Its really a very obvious marketing illusion.

Eth, can and will, be replaced any an infinite number of "alts" to Eth. However, there is not any "alt" to BTC - there can't be, as BTC cannot be recreated, nor can it be uncreated. It takes a while for people to truly understand, but eventually they do...
One of the SEC's main focus is investor protection:

The SEC has a three-part mission: to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation.[8]

https://en.wikipedia.org/wiki/U.S._Securities_and_Exchange_Commission

But it is corrupt as are many government departments. Gensler met with fellow tribesman SBF many times. And did nothing to prevent that scam which ended up hurting investors. Which is why a few politicians want him axed.

Satoshi was the first guy to mine BTC quickly, over 1 million. If there were many other miners it would not have been possible to accrue that many BTC because of difficulty adjustments. It also took time for word to get out and other people to start mining BTC. So yeah, whomever Satoshi is dominated the hashrate and hence got all that BTC. So it is basically no different than pre-mining.

https://eklitzke.org/how-many-bitcoins-did-satoshi-nakamoto-mine

The genesis block was mined on January 3, 2009. For the next six months or so, the Bitcoin hash rate stayed very constant, at around 5 MH/s. There was a dip in network hash rate for a short time after that, and then the hash rate started picking up quickly around Christmas. I've included a few extra months of 2010 data to show how dramatic the increase in hash rate was.

Note that a hashrate of 5 MH/s is extremely low. I have two RTX 3090 cards and they each have a hash rate of 120 MH/s. Even the 1070TI comes in at around 34 MH/s. This means one of my RTX 3090s can hash 24 times the total hash rate of the early BTC when Satoshi mined it!

Most of the blocks mined in 2009 have very few transactions in them. The majority of them just include a single coinbase transaction, which is the required transaction encoding payout of the block reward to the miner. Coupled with the anemic hash rate, we can speculate that there were very few users of Bitcoin in 2009. It's known that a few enthusiasts like [Hal Finney](https://en.wikipedia.org/wiki/Hal_Finney_(computer_scientist)) (the first user of Bitcoin) downloaded and ran Satoshi's code. Hal previously stated that he actually mined one of the first 100 blocks. But there's no evidence that any of these early adopters, including Hal, did much more than run the code for a short time before losing interest.

In fact, things were so dire that for most of 2009 blocks were being mined much slower than the 10 minute block interval target. You can click "Block Interval" in the chart legend to see the average block interval in each period. The goal block interval is 600 seconds. It wasn't until the final difficulty period in 2009 (which started at block 32256, mined Dec 30, 2009) that the difficulty target had to be adjusted upwards from the minimum value.

Based on the above, I find it reasonable to assume that most of the hashing power in the first year or so of Bitcoin's existence came from Satoshi Nakamoto. If real users were actually joining and leaving Bitcoin, one would expect the hash rate to have varied a lot more, particularly in the first six months. Starting in early 2010 the network hash rate does start increasing rapidly, suggesting that's when the real serious users started using (and mining) Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 29, 2024, 12:29:26 PM
Quote from: gib on April 29, 2024, 03:17:59 AM
As for your comments about staking and deflationary etc, all this is a scam. If I sell you a piece of shit, and then tell you its "good value" because in a few days I will give you a brand new more of a turd for free, that does not change the fact that the underlying thing you have is a piece of shit. Similarly, if I told you that that piece of shit was going to gradually decompose, and become a small piece of shit over time... it doesn't matter - its still a piece of shit! Its really a very obvious marketing illusion.

Eth, can and will, be replaced any an infinite number of "alts" to Eth. However, there is not any "alt" to BTC - there can't be, as BTC cannot be recreated, nor can it be uncreated. It takes a while for people to truly understand, but eventually they do...
That's your opinion. You're saying it is a piece of shit. That does not mean it's a piece of shit. An entire industry has been built on Ethereum. Ethereum's influence on the crypto sphere totally dwarves Bitcoin in every way. Bitcoin developers are now pushing for DEFI and Smart Contracts - they are copycats. It's the Ethereum developers that are responsible for DEFI / Smart Contracts. And many of them were involved with the early Bitcoin, including Vitalik.

https://www.coindesk.com/tech/2024/04/24/op-cat-proposal-to-bring-smart-contracts-to-bitcoin-finally-gets-a-bip-number/

BTC can be recreated, what the hell are you talking about. It's just code. And nothing can be uncreated - unless you have a time machine. If you create a sand castle on a beach it has been created. You can destroy it, but that initial creation cannot be undone.

I am not against Bitcoin. I think all these platforms and networks need to work together. What I don't like about BTC Maxi's is they want to sic the SEC and government on all other crypto projects so Bitcoin can be made the defacto winner. Make it an even playing field. Stop trying to sic your dogs on other people and if you come out on top in the end then congrats to you.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 29, 2024, 12:29:30 PM
Quote from: obsidian on April 29, 2024, 12:19:52 PM
One of the SEC's main focus is investor protection:

The SEC has a three-part mission: to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation.[8]

https://en.wikipedia.org/wiki/U.S._Securities_and_Exchange_Commission

But it is corrupt as are many government departments. Gensler met with fellow tribesman SBF many times. And did nothing to prevent that scam which ended up hurting investors. Which is why a few politicians want him axed.

Satoshi was the first guy to mine BTC quickly, over 1 million. If there were many other miners it would not have been possible to accrue that many BTC because of difficulty adjustments. It also took time for word to get out and other people to start mining BTC. So yeah, whomever Satoshi is dominated the hashrate and hence got all that BTC. So it is basically no different than pre-mining.

https://eklitzke.org/how-many-bitcoins-did-satoshi-nakamoto-mine

The genesis block was mined on January 3, 2009. For the next six months or so, the Bitcoin hash rate stayed very constant, at around 5 MH/s. There was a dip in network hash rate for a short time after that, and then the hash rate started picking up quickly around Christmas. I've included a few extra months of 2010 data to show how dramatic the increase in hash rate was.

Note that a hashrate of 5 MH/s is extremely low. I have two RTX 3090 cards and they each have a hash rate of 120 MH/s. Even the 1070TI comes in at around 34 MH/s. This means one of my RTX 3090s can hash 24 times the total hash rate of the early BTC when Satoshi mined it!

Most of the blocks mined in 2009 have very few transactions in them. The majority of them just include a single coinbase transaction, which is the required transaction encoding payout of the block reward to the miner. Coupled with the anemic hash rate, we can speculate that there were very few users of Bitcoin in 2009. It's known that a few enthusiasts like [Hal Finney](https://en.wikipedia.org/wiki/Hal_Finney_(computer_scientist)) (the first user of Bitcoin) downloaded and ran Satoshi's code. Hal previously stated that he actually mined one of the first 100 blocks. But there's no evidence that any of these early adopters, including Hal, did much more than run the code for a short time before losing interest.

In fact, things were so dire that for most of 2009 blocks were being mined much slower than the 10 minute block interval target. You can click "Block Interval" in the chart legend to see the average block interval in each period. The goal block interval is 600 seconds. It wasn't until the final difficulty period in 2009 (which started at block 32256, mined Dec 30, 2009) that the difficulty target had to be adjusted upwards from the minimum value.

Based on the above, I find it reasonable to assume that most of the hashing power in the first year or so of Bitcoin's existence came from Satoshi Nakamoto. If real users were actually joining and leaving Bitcoin, one would expect the hash rate to have varied a lot more, particularly in the first six months. Starting in early 2010 the network hash rate does start increasing rapidly, suggesting that's when the real serious users started using (and mining) Bitcoin.

You are right about all of this, although I would say the "protection" mandate of the SEC, is to protect by enforcing the applicable laws, using the powers given to them.

You may consider BTC's early blocks as being a distinction from a pre-mine, but technically there is a difference. The code was public, and anyone could in theory mine, and just like today, some mine, and other don't, even though all in theory can. So I see the "argument", but again, technically its wrong to state that ETH and BTC are the same on this basis, even though in practice you may think this distinction is unfair. Lets see what the courts rule.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 29, 2024, 12:40:33 PM
Quote from: gib on April 29, 2024, 12:29:30 PM
You are right about all of this, although I would say the "protection" mandate of the SEC, is to protect by enforcing the applicable laws, using the powers given to them.

You may consider BTC's early blocks as being a distinction from a pre-mine, but technically there is a difference. The code was public, and anyone could in theory mine, and just like today, some mine, and other don't, even though all in theory can. So I see the "argument", but again, technically its wrong to state that ETH and BTC are the same on this basis, even though in practice you may think this distinction is unfair. Lets see what the courts rule.
I am not saying they are the same. But it is really semantics. And the reality is most of my Ethereum I acquired via mining. Lots of sweat equity went into it. We suffered through hot days, two outlets melted over the years, I had to build all the rigs which is a lot more work than buying a Bitcoin ASIC miner and using it out of the box. Motherboards, hard drives, power supplies, graphics cards, memory, cases, cables, tables. All that shit had to be bought, assembled, etc. One of my typical rigs had 4 power supplies. I used a mother board that could accept multiple power supplies but even then I had to split the power supply cables to get to 4 units. It is a lot more technical than setting up an ASIC miner.

So how is the SEC going to declare ETH a security now after all that time and many people who mined it. It didn't help that Gensler himself stated Ethereum was a commodity, along with Hinman. The time has gone to try and declare ETH a security. They also approved ETH Futures to trade on commodity exchanges like the Chicago Mercantile Exchange. They and the "Media" are playing games at this point. Probably to allow entities to accumulate ETH at lower entry points.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 29, 2024, 12:42:53 PM
Quote from: obsidian on April 29, 2024, 12:29:26 PM
That's your opinion. You're saying it is a piece of shit. That does not mean it's a piece of shit. An entire industry has been built on Ethereum. Ethereum's influence on the crypto sphere totally dwarves Bitcoin in every way. Bitcoin developers are now pushing for DEFI and Smart Contracts - they are copycats. It's the Ethereum developers that are responsible for DEFI / Smart Contracts. And many of them were involved with the early Bitcoin, including Vitalik.

https://www.coindesk.com/tech/2024/04/24/op-cat-proposal-to-bring-smart-contracts-to-bitcoin-finally-gets-a-bip-number/

BTC can be recreated, what the hell are you talking about. It's just code. And nothing can be uncreated - unless you have a time machine. If you create a sandcastle on a beach it has been created. You can destroy it, but that initial creation cannot be undone.

I am not against Bitcoin. I think all these platforms and networks need to work together. What I don't like about BTC Maxi's is they want to sic the SEC and government on all other crypto projects so Bitcoin can be made the defacto winner. Make it an even playing field. Stop trying to sic your dogs on other people and if you come out on top in the end then congrats to you.

I don't disagree on the technological innovation of Eth, but the wrapping of this tech into a token, which at least initially was marketed and intended to represent a replacement for money, competing with the purpose of Bitcoin, was disingenuous. And of course now we can all see that the frequent change of code of ETH, let alone its move from proof of work to proof of stake, and the constant manipulation of its issuances etc confirms its failure here to be an "alt" to BTC. But at the time, in the first cycle, this is how Eth was promoted by its founders.

But yes, we do gradually take technological innovations, and then build these on the base layer of the perfect money. This should be obvious, and how it should be, and how it will be.

OK, yes in "theory" you could re-create another version of Bitcoin. In practice we know this has been tried hundreds of thousands of times. And failed each time.

BTC maxies don't mind other "crypto projects" per se, even though the vast vast majority of them are scams. But they just find it disingenuous for such ventures to pretend that they are an alternative to BTC (although most have now given up making such claims, realizing its pointless and just go straight to being memes, or pretending to be related to the latest trend such as AI). And they don't particularly like to see what are essentially very dodgy companies issuing unregistered securities, scamming on the affinity of Bitcoin, when in reality they are entirely fundamentally different.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 29, 2024, 12:53:38 PM
Quote from: obsidian on April 29, 2024, 12:40:33 PM
I am not saying they are the same. But it is really semantics. And the reality is most of my Ethereum I acquired via mining. Lots of sweat equity went into it. We suffered through hot days, two outlets melted over the years, I had to build all the rigs which is a lot more work than buying a Bitcoin ASIC miner and using it out of the box. Motherboards, hard drives, power supplies, graphics cards, memory, cases, cables, tables. All that shit had to be bought, assembled, etc. One of my typical rigs had 4 power supplies. I used a mother board that could accept multiple power supplies but even then I had to split the power supply cables to get to 4 units. It is a lot more technical than setting up an ASIC miner.

So how is the SEC going to declare ETH a security now after all that time and many people who mined it. It didn't help that Gensler himself stated Ethereum was a commodity, along with Hinman. The time has gone to try and declare ETH a security. They also approved ETH Futures to trade on commodity exchanges like the Chicago Mercantile Exchange. They and the "Media" are playing games at this point. Probably to allow entities to accumulate ETH at lower entry points.

No doubt you put in a lot of hard work. Just like people put a lot of hard work into acquiring investment in Bernie Madoff's fund, or acquiring XRP tokens, by trading their hard earned cash. You actually put in proof of work, and not only did they pre-mine you, but then they changed the protocol on you, and indeed also the monetary policy.

The issue here, is whether seemingly illegally issued tokens, can nevertheless become shares which can be legitimately traded on exchanges. Your best hope, I think, is that the SEC punishes the issuers, settles with them, but allows the tokens to trade. It is possible this would happen (eg Vitalik gets a Billion dollar fine and hands over x amount to Eth to the US Government), maybe serves some token time in prison for fraud and securities violations (no pun intended) and then all goes ahead with Eth being converted into a listed company after extensive re-organization. There are some easily examples of such agreements with illegal issuers, EOS I think being one. So there is hope. Same with Ripple - I think the SEC wants around 5B to settle and then also some jail time to be served? But to go so far as to allow something with these origins to be traded as a security in an ETF is going a step too far I think. (Again, nothing personal view, but just applying the law as I see it - its just too much a perversion of the law, and an absolute moral hazard.

Lets see. I have a little ETH, but would likely still be more harmed by dilution of BTC by ETH, than I would be benefitting from ETH being allowed into a US ETF. So, for me personally, I would prefer to see BTC as the only ETF for a long time ahead. The other big problem is where to draw the line. If ETH is legitimized, then arguably the floodgates are opened to any issuer of securities to circumvent the SEC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 29, 2024, 02:03:54 PM
Quote from: gib on April 29, 2024, 12:53:38 PM
No doubt you put in a lot of hard work. Just like people put a lot of hard work into acquiring investment in Bernie Madoff's fund, or acquiring XRP tokens, buy trading their hard earned cash. The issue here, is whether seemingly illegally issued tokens, can nevertheless become shares which can be legitimately traded on exchanges. Your best hope, I think, is that the SEC punishes the issuers, settles with them, but allows the tokens to trade. Its possible this would happen (eg Vitalik gets a Billion dollar fine and hands over x amount to Eth to the US Government), maybe serves some token time (no pun intended) and then all goes ahead. There are some easily examples of such agreements with illegal issuers, EOS I think being one. So there is hope. Same with Ripple - I think the SEC wants around 5B to settle? But to go so far as to allow something with these origins to be traded as a security in an ETF is going a step too far I think. (Again, nothing personal view, but just applying the law as I see it).

Lets see. I have a little ETH, but would likely still be more harmed by dilution of BTC by ETH, than I would be benefitting from ETH being allowed into a US ETF. So, for me personally, I would prefer to see BTC as the only ETF for a long time ahead. The other big problem is where to draw the line. If ETH is legitimized, then arguably the floodgates are opened to any issuer of securities to circumvent the SEC.
THE SEC is like the Mafia's enforcer shaking down businesses for "protection". Should just be shutdown IMO. Stop trying to babysit people. Let the chips fall where they may. When have they ever protected anyone? What's their purpose if they are not protecting investors? To harass and fine? I don't get it. They need to offer me as a tax payer something of value. How have I or you ever benefitted from them? Have they made me money? Some of my taxes went to the SEC. I want a return on my investment!

The SEC is also only in the USA. That's one country amongst many. The US population is a little over 333 million. That's around 4.1% of the world's current almost 8 billion. Why should the rest care about whatever the USA decides? Hong Kong already approved Spot ETH funds. The SEC will only be hurting US investors. The rest of the world will be fine. And last I checked, the USA is basically bankrupt. The influence it will have over crypto markets will severely diminish in the not too distant future.

If anything, Bitcoin, Ethereum and many other cryptos will be a life raft for US citizens. Almost all crypto tokens are better than the US dollar.

https://www.usdebtclock.org/

(https://pbs.twimg.com/media/GIj1HzzXMAAE8BV.jpg:large)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 29, 2024, 02:16:37 PM
Quote from: gib on April 29, 2024, 10:27:13 AM
No buyer is an absolute diamond hand. If they were, there would be no trading except for newly mined coin. WHat we do know, is that many of the ETF buyers will be passive and "sticky", and many will slowly accumulate and hodl for decades to come, especially as the BTC ETFs get incorporated into small portions of more general asset ETFs.

As for holding 58K, all these short term predictions are really non-sensical, as no-one can predict these with certainty. However, what we an do is conclude that is likely BTC will rise for ever, and if so, we simply stack and hodl.

Further, looking at this in USD (which is among the least worst performing of all global currencies) vs BTC is rather US-centric, when you consider that the USD has itself gained against almost all global currencies over the last year. Against most global currencies, BTC is close to, or at the absolute peak, and even against the USD (which has outperformed most global currencies) BTC is up over 100% in just the last year alone.

You are looking at, and being distracted by, micro-parabolas. If you were to zoom out, to say, 2030, you would just see one massive parabolic adoption curve, just like if you zoomed in/our on Microsoft, Amazon, or Google.

USD is the measurement of performance. Currency decline downside is capped to -99% whereas upside is uncapped. Am I more excited about a -10% negative currency swing vs USD or the +400% gain from timing entry to exit 🤔 currency decline is not a bragging point for performance lol

I’m not sure I’d call providing the target price 2yrs in advance short term. In fact that is retail’s perfect scenario to time the market.

Why is it you can brag post about dip buying on a short term timeframe of days yet when I give market bottom and top 2yrs in advance I am the one distracted on ‘short term’ 🤷‍♂️ ?  We got to my target price from 2yrs ago that I waited 2yrs for, hooray.

Your Maxi thinking you keep applying to shitcoins doesn’t work. You will get torn up by people like me who time the market with bigger bags and keep slamming the price of 💩 coins anytime it gets near a peak 😉

My timing has allowed me to enjoy the last 2yrs watching the narrative and data manipulation to direct retail mentality and behaviour. The narratives are BS but hey, it makes money 😀
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 30, 2024, 02:47:12 AM
Quote from: Mayday on April 29, 2024, 02:16:37 PM
USD is the measurement of performance. Currency decline downside is capped to -99% whereas upside is uncapped. Am I more excited about a -10% negative currency swing vs USD or the +400% gain from timing entry to exit 🤔 currency decline is not a bragging point for performance lol

I’m not sure I’d call providing the target price 2yrs in advance short term. In fact that is retail’s perfect scenario to time the market.

Why is it you can brag post about dip buying on a short term timeframe of days yet when I give market bottom and top 2yrs in advance I am the one distracted on ‘short term’ 🤷‍♂️ ?  We got to my target price from 2yrs ago that I waited 2yrs for, hooray.

Your Maxi thinking you keep applying to shitcoins doesn’t work. You will get torn up by people like me who time the market with bigger bags and keep slamming the price of 💩 coins anytime it gets near a peak 😉

My timing has allowed me to enjoy the last 2yrs watching the narrative and data manipulation to direct retail mentality and behaviour. The narratives are BS but hey, it makes money 😀

For any economist, mathematician, or Bitcoiner, our measure is BTC vs purchasing power (not BTC vs USD, or any other declining currency). So, for example if BTC has risen 12% to the USD, but the USD has during that time devalued 10% in purchasing power, you have actually only made a 2% gain in purchasing power when measured in BTC. Comparing to a declining currency is an illusion, much like it appears you are going forwards in a car, when in fact you are stationary and another car next to you is going backwards.

I buy any dip, because it gives me an opportunity to own more of a finite number of sats, which I am confident will go up in value over time. This is what I do, and indeed what we should all be doing. I care little about short-term upward movements, as I am a hodler. I don't intend to sell.

if you, or anyone, could reliably pick short term trends whether in BTC, or in shitcoins, you would be a billionaire. You may believe you can reliably and consistently do this, but you, and almost all people, cannot, much we all wish we could.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on April 30, 2024, 04:33:13 AM
Quote from: gib on April 30, 2024, 02:47:12 AM
For any economist, mathematician, or Bitcoiner, our measure is BTC vs purchasing power (not BTC vs USD, or any other declining currency). So, for example if BTC has risen 12% to the USD, but the USD has during that time devalued 10% in purchasing power, you have actually only made a 2% gain in purchasing power when measured in BTC. Comparing to a declining currency is an illusion, much like it appears you are going forwards in a car, when in fact you are stationary and another car next to you is going backwards.

I buy any dip, because it gives me an opportunity to own more of a finite number of sats, which I am confident will go up in value over time. This is what I do, and indeed what we should all be doing. I care little about short-term upward movements, as I am a hodler. I don't intend to sell.

if you, or anyone, could reliably pick short term trends whether in BTC, or in shitcoins, you would be a billionaire. You may believe you can reliably and consistently do this, but you, and almost all people, cannot, much we all wish we could.

😉
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on April 30, 2024, 02:14:40 PM
Obsidian - pretty much right on que...

https://www.foxbusiness.com/markets/new-court-filings-show-sec-chair-gensler-believed-ethereum-was-security-for-at-least-year

Again, please do not blame me, or take this personally. I am simply telling us here what the law is. Whether the law should be changed or not, and whether you like the outcome of the current laws being applied, is of course a separate matter. But the law is the law - and for us as investors we really need to take note and understand this.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on April 30, 2024, 05:53:35 PM
Quote from: gib on April 30, 2024, 02:14:40 PM
Obsidian - pretty much right on que...

https://www.foxbusiness.com/markets/new-court-filings-show-sec-chair-gensler-believed-ethereum-was-security-for-at-least-year

Again, please do not blame me, or take this personally. I am simply telling us here what the law is. Whether the law should be changed or not, and whether you like the outcome of the current laws being applied, is of course a separate matter. But the law is the law - and for us as investors we really need to take note and understand this.
Whatever he thinks is irrelevant. He does not get to decide this. It will be up to the courts if they decide to go that route. That Fox Business article also makes a lot of assumptions. They are assuming he thought it was a security because of Consensys suing the SEC. But that's just how they are reading it. They don't have the official word from Gensler himself.

He has also now been accused of misleading Congress on Ethereum.

Some think Consensys suing the SEC was a chess move to put pressure on Gensler. The Hong Kong ETH ETF is also considered to be a move to put pressure on the US SEC.

https://www.coindesk.com/policy/2024/04/30/houses-mchenry-accuses-sec-chief-gensler-of-misleading-congress-on-ethereum/

House's McHenry Accuses SEC Chief Gensler of Misleading Congress on Ethereum

The chairman of the House Financial Services Committee says Gensler refused to discuss his view on ETH in testimony even after the SEC was investigating it as a security.

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has been accused of misleading Congress by Rep. Patrick McHenry, the chairman of the House Financial Services Committee, who said Gensler's agency already knew it considered Ethereum's ether a security before he attended a hearing and declined to answer that question.

"Chair Gensler refused to answer questions regarding the SEC's classification of ether," McHenry said in a statement posted on X. "New court filings show this was an intentional attempt to misrepresent the commission's position."

The classification of (ETH), the second-largest cryptocurrency by market cap, is a major question hanging over the U.S. oversight of digital assets, and it's being fought on multiple legal fronts. If ETH is a security that should be registered and regulated by the SEC, then many other tokens may also fit that definition.

Documents in Consensys' newly filed lawsuit against the SEC describe how the agency was pursuing an investigation into the nature of ETH days before Gensler testified in April 2023. Consensys is suing the agency ahead of an expected SEC enforcement action.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on April 30, 2024, 08:08:30 PM
A hawkish FED tomorrow and it won't be looking good. Risk off will continue and each BTC support could get taken out down to ETF approval levels. Who will save us?

Ironically a surprise ETH ETF approval might be the one thing that steadies price action. SEC has gone full retard, so any craziness is still possible there. Going after ETH/denying ETH ETF and at the same time they look likely to approve leveraged ETH futures ETFs in June. They might as well have a potato in charge.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on May 01, 2024, 12:59:43 AM
Ah shit here we go again :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 01, 2024, 02:10:44 AM
Quote from: obsidian on April 30, 2024, 05:53:35 PM
Whatever he thinks is irrelevant. He does not get to decide this. It will be up to the courts if they decide to go that route. That Fox Business article also makes a lot of assumptions. They are assuming he thought it was a security because of Consensys suing the SEC. But that's just how they are reading it. They don't have the official word from Gensler himself.

He has also now been accused of misleading Congress on Ethereum.

Some think Consensys suing the SEC was a chess move to put pressure on Gensler. The Hong Kong ETH ETF is also considered to be a move to put pressure on the US SEC.

https://www.coindesk.com/policy/2024/04/30/houses-mchenry-accuses-sec-chief-gensler-of-misleading-congress-on-ethereum/

House's McHenry Accuses SEC Chief Gensler of Misleading Congress on Ethereum

The chairman of the House Financial Services Committee says Gensler refused to discuss his view on ETH in testimony even after the SEC was investigating it as a security.

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has been accused of misleading Congress by Rep. Patrick McHenry, the chairman of the House Financial Services Committee, who said Gensler's agency already knew it considered Ethereum's ether a security before he attended a hearing and declined to answer that question.

"Chair Gensler refused to answer questions regarding the SEC's classification of ether," McHenry said in a statement posted on X. "New court filings show this was an intentional attempt to misrepresent the commission's position."

The classification of (ETH), the second-largest cryptocurrency by market cap, is a major question hanging over the U.S. oversight of digital assets, and it's being fought on multiple legal fronts. If ETH is a security that should be registered and regulated by the SEC, then many other tokens may also fit that definition.

Documents in Consensys' newly filed lawsuit against the SEC describe how the agency was pursuing an investigation into the nature of ETH days before Gensler testified in April 2023. Consensys is suing the agency ahead of an expected SEC enforcement action.

What Gensler and the SEC think are relevant, to that extend that it is the SEC who enforces the law. However, you are correct that the SEC are not the final deciders of the law. That is of course for the Courts to do.

Whether or Gensler is accused of misleading congress is also irrelevant as to how the law will ultimately be enforced.

The act of Consensys suing the SEC will help get us towards more judicial clarity on the status of Eth and any of the securities law breaches those involved with it are liable for. Its really a double-edged sword to proactively bring such a case - could really backfire if they get an adverse determination.

Another country allowing an illegally issued security to be listed as an ETF is again, not of much relevance on an US court decision (although if there were legal arguments made in a foreign court, such arguments, whilst not binding, could be persuasive if well-reasoned. No "pressure" on the SEC at all in this regard - in fact it makes it easier to tell American's that if they want to buy unregulated products they do so on overseas exchanges. The far greater pressure is to ensure orderly and compliant US capital markets - ETH is a blip in the overall context of that, although approving ETH does risk much larger impact and ramifications of a flood of companies  raising public money by avoiding US listing rules.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 01, 2024, 04:13:02 AM
Quote from: Flexacon on April 30, 2024, 08:08:30 PM
A hawkish FED tomorrow and it won't be looking good. Risk off will continue and each BTC support could get taken out down to ETF approval levels. Who will save us?

Ironically a surprise ETH ETF approval might be the one thing that steadies price action. SEC has gone full retard, so any craziness is still possible there. Going after ETH/denying ETH ETF and at the same time they look likely to approve leveraged ETH futures ETFs in June. They might as well have a potato in charge.

If only someone had warned us!!!!!

Hey imagine if 2024 year ended red!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 01, 2024, 05:17:37 AM
Quote from: Mayday on May 01, 2024, 04:13:02 AM
If only someone had warned us!!!!!

Hey imagine if 2024 year ended red!

It was a great call, made even better by you not waiting for your $76k target to hit first.

I still have a bunch of staked positions open, but I expect to keep printing with them even in a downtrend (uptrend would print harder though)

I think macro is guiding us more than ever though and there is currently a huge put wall in ES that appeared almost out of no where. Maybe a front run of FOMC, so a V shape recovery may be on the cards or it could just be a line in the sand moment. First scenario could see BTC squeeze hard from here to $70k+ as it's only shorts left for the cabal to rek.  Not playing anything, but will be watching with the interest.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 01, 2024, 05:22:32 AM
Quote from: gib on May 01, 2024, 02:10:44 AM
What Gensler and the SEC think are relevant, to that extend that it is the SEC who enforces the law. However, you are correct that the SEC are not the final deciders of the law. That is of course for the Courts to do.

Whether or Gensler is accused of misleading congress is also irrelevant as to how the law will ultimately be enforced.

The act of Consensys suing the SEC will help get us towards more judicial clarity on the status of Eth and any of the securities law breaches those involved with it are liable for. Its really a double-edged sword to proactively bring such a case - could really backfire if they get an adverse determination.

Another country allowing an illegally issued security to be listed as an ETF is again, not of much relevance on an US court decision (although if there were legal arguments made in a foreign court, such arguments, whilst not binding, could be persuasive if well-reasoned. No "pressure" on the SEC at all in this regard - in fact it makes it easier to tell American's that if they want to buy unregulated products they do so on overseas exchanges. The far greater pressure is to ensure orderly and compliant US capital markets - ETH is a blip in the overall context of that, although approving ETH does risk much larger impact and ramifications of a flood of companies  raising public money by avoiding US listing rules.
I'm not worried about it. Another entity registered their ETH ETF fund. This could all be FUD to get the prices lowered so the funds can get in at lower floors. The ETH futures would not have been approved if there was all this uncertainty regarding ETH's commodity status. It's a commodity. There are no contracts. You can buy ETH without entering any contracts.

Worse case they order that access to metamask be removed. Plans are already in place to have it on Github as a downloadable executable that anyone can run on their computers.

Fidelity files registration statement for Ethereum ETF despite regulatory uncertainty
Fidelity's actions, alongside those of other firms aiming to introduce spot ether ETFs, illustrate the growing interest in integrating digital assets into traditional financial products.

https://cryptoslate.com/fidelity-files-registration-statement-for-ethereum-etf-despite-regulatory-uncertainty/

Franklin Templeton lists Ethereum ETF on DTCC
The DTCC listing does not guarantee SEC approval of Franklin’s spot Ether ETF application.

https://cointelegraph.com/news/franklin-templeton-launches-ethereum-etf-listed-on-dtcc

BlackRock, Grayscale Amend Ethereum ETF Applications After SEC Delays
The flurry of filings follows the SEC's announcement yesterday that it would delay its decision on multiple spot Ethereum ETF proposals.

https://decrypt.co/227817/blackrock-grayscale-amend-ethereum-etf-applications-after-sec-delays
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 01, 2024, 05:23:13 AM
Quote from: Flexacon on April 30, 2024, 08:08:30 PM
A hawkish FED tomorrow and it won't be looking good. Risk off will continue and each BTC support could get taken out down to ETF approval levels. Who will save us?

Ironically a surprise ETH ETF approval might be the one thing that steadies price action. SEC has gone full retard, so any craziness is still possible there. Going after ETH/denying ETH ETF and at the same time they look likely to approve leveraged ETH futures ETFs in June. They might as well have a potato in charge.

I took the opportunity to buy the dip (again just a tiny bit). I bought at exactly 56.8. Again, have no intention to trade - just happy to acquire more sats on the cheap.

Agree, short term, hawkish is bullish for the USD, (and negative for assets denominated in USD). This of course will also reverse if/when Fed becomes dovish, but in any case, the US will continue to print money, and hence devalue the USD relative to hard assets over time, regardless of interest rates.

An ETH ETF approval would definitely be positive for Eth and alts. Not so sure for BTC - lets see. But in any case, I very much doubt we would see such approval soon. Those who are so confident it will happen on May 23 are unfortunately in for a big disappointment. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 01, 2024, 05:30:42 AM
Quote from: obsidian on May 01, 2024, 05:22:32 AM
I'm not worried about it. Another entity registered their ETH ETF fund. This could all be FUD to get the prices lowered so the funds can get in at lower floors. The ETH futures would not have been approved if there was all this uncertainty regarding ETH's commodity status. It's a commodity. There are no contracts. You can buy ETH without entering any contracts.

Worse case they order that access to metamask be removed. Plans are already in place to have it on Github as a downloadable executable that anyone can run on their computers.

Fidelity files registration statement for Ethereum ETF despite regulatory uncertainty
Fidelity's actions, alongside those of other firms aiming to introduce spot ether ETFs, illustrate the growing interest in integrating digital assets into traditional financial products.

https://cryptoslate.com/fidelity-files-registration-statement-for-ethereum-etf-despite-regulatory-uncertainty/

Franklin Templeton lists Ethereum ETF on DTCC
The DTCC listing does not guarantee SEC approval of Franklin’s spot Ether ETF application.

https://cointelegraph.com/news/franklin-templeton-launches-ethereum-etf-listed-on-dtcc

BlackRock, Grayscale Amend Ethereum ETF Applications After SEC Delays
The flurry of filings follows the SEC's announcement yesterday that it would delay its decision on multiple spot Ethereum ETF proposals.

https://decrypt.co/227817/blackrock-grayscale-amend-ethereum-etf-applications-after-sec-delays

Anyone can file for anything. A filing is simply an request - it demonstrates nothing about the likelihood of approval. I could file for an ETH consisting of pink marshmallows - does not mean it will be approved.

Whether you think Eth is a commodity or not is irrelevant as to what a Court will decide on this issue. But if what you really mean is that you believe that a Court will decide that Eth is a commodity, and that this in turn will then require the SEC to allow spot ETH ETFs to list, and that this in turn will lead to a demand in ETH such that its price will rise, then fair enough - you should invest accordingly, and good luck to you!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on May 01, 2024, 08:10:37 AM
Quote from: Amerian Muscle on May 01, 2024, 12:59:43 AM
Ah shit here we go again :)

What gold's Spot price?   Just breaking balls its what we men do.  If you still believe the BTC you bought with gold is going to go up then this is a great time to acquire more BTC. I just scooped up some more satoshis at 57K.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 01, 2024, 12:37:23 PM
Quote from: gib on May 01, 2024, 05:30:42 AM
Anyone can file for anything. A filing is simply an request - it demonstrates nothing about the likelihood of approval. I could file for an ETH consisting of pink marshmallows - does not mean it will be approved.

Whether you think Eth is a commodity or not is irrelevant as to what a Court will decide on this issue. But if what you really mean is that you believe that a Court will decide that Eth is a commodity, and that this in turn will then require the SEC to allow spot ETH ETFs to list, and that this in turn will lead to a demand in ETH such that its price will rise, then fair enough - you should invest accordingly, and good luck to you!
Just before the BTC ETFs were approved, several listings were made. Then there was the fiasco where the SEC tweeted that they approved the BTC ETFs. Then they said no, our account was hacked, we did not approve it. Then a few hours later they say, we approved it. What a bunch of fucking yoyos / amateurs! Fuck me!

XRP / Ripple was judged to not be a security. How on earth will the SEC be able to prove ETH is a security if they could not prove XRP was?

Btw, Larry Fink of Blackrock says it doesn't matter even if Ethereum is classified as a security after a lawsuit. Not sure he's reasoning, but I am sure he's got some info we don't have.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 01, 2024, 12:44:26 PM
Quote from: gib on May 01, 2024, 05:23:13 AM
An ETH ETF approval would definitely be positive for Eth and alts. Not so sure for BTC - lets see. But in any case, I very much doubt we would see such approval soon. Those who are so confident it will happen on May 23 are unfortunately in for a big disappointment.
Why would it be a negative for BTC? Cryptos all rise and fall with each other. Have you ever seen a bull run where only one token goes up and nothing else?

Amadeo Brands predicted the previous bull run tops. He had BTC at $70K and ETH at $5K. That's about as close as you could get.

This time his predictions are:

Optimistic:
BTC: $276,000 (4x increase)
ETH: $29,220 (6x increase)

Moderately Bullish:
BTC: $172,500 (2.5x increase)
ETH: $19,480 (4x increase)

Conservative:
BTC: $103,500 (1.5x increase)
ETH: $12,175 (2.5x increase)

In this video he states he thinks the optimistic scenario is most likely because he is an optimist.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on May 01, 2024, 01:13:36 PM
Quote from: SouJerz on May 01, 2024, 08:10:37 AM
What gold's Spot price?   Just breaking balls its what we men do.  If you still believe the BTC you bought with gold is going to go up then this is a great time to acquire more BTC. I just scooped up some more satoshis at 57K.
If I hadnt sold, gold would be at 1800 now and btc at 120k
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on May 01, 2024, 01:15:54 PM
Really, I have been in the red for years now. I would be so much wealthier if I had never bought anything. It gets really exhausting psychologically
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on May 01, 2024, 01:31:26 PM
Quote from: Amerian Muscle on May 01, 2024, 01:13:36 PM
If I hadnt sold, gold would be at 1800 now and btc at 120k

I don’t think that’s how it works chief. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on May 01, 2024, 01:32:20 PM
Quote from: Amerian Muscle on May 01, 2024, 01:15:54 PM
Really, I have been in the red for years now. I would be so much wealthier if I had never bought anything. It gets really exhausting psychologically

Something tells me you aren’t DCA the BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 01, 2024, 05:43:13 PM
Quote from: Flexacon on May 01, 2024, 05:17:37 AM
It was a great call, made even better by you not waiting for your $76k target to hit first.

I still have a bunch of staked positions open, but I expect to keep printing with them even in a downtrend (uptrend would print harder though)

I think macro is guiding us more than ever though and there is currently a huge put wall in ES that appeared almost out of no where. Maybe a front run of FOMC, so a V shape recovery may be on the cards or it could just be a line in the sand moment. First scenario could see BTC squeeze hard from here to $70k+ as it's only shorts left for the cabal to rek.  Not playing anything, but will be watching with the interest.

Yep.

The BTC ATH is in for the cycle ✅   Even if we come back up later the 76k remains the target.

The trap used is the timing. 99% believe the BTC cycle top correlates to an ATH price because that is what they have seen in the past. The reality is the cycle tops are a measurement of time, price doesn’t have to be an ATH. I warned the methodology of DCA is a BS narrative sold to retail to create a longer and larger inflow of capital to a market. So we do an ATH now and create an 18mth runway of dip buyers 😀

The ETH ETF will be approved and the timing will have meaning. We get one shot to dump and it’s the first peak. To clarify I mean when it eventually does get approved, the timing will be of important note of the start and when the peak will occur.

Over the next period you watch how many fuckers come out with 103k targets after saying 200k+.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 02, 2024, 01:46:58 AM
"An ETH ETF approval would definitely be positive for Eth and alts. Not so sure for BTC - lets see. But in any case, I very much doubt we would see such approval soon. Those who are so confident it will happen on May 23 are unfortunately in for a big disappointment."

Quote from: obsidian on May 01, 2024, 12:44:26 PM
Why would it be a negative for BTC? Cryptos all rise and fall with each other. Have you ever seen a bull run where only one token goes up and nothing else?


I could be a negative to BTC in that alts, at least initially, were promoted as being an alternative to Bitcoin  - hence the term "alts". That being the case, and given that alts are unlimited in number and supply vs total inflows into "crypto" which are inherently finite, opening up flows to alts are arguably dilutive to BTC. So, that's how an ETF (which potentially encourages dilutive flows into shitcoins), could be harmful to BTC (at least in the short term).

As for why "cryptos rise and fall with each other", actually, over time, most simply fall. However it is correct, that when BTC rises, various shitcoins and "alts" rise. But we must understand - its BTC market cap which drives some inflows into shitcoins seeking to cannibalize BTC's market cap, and not the other way around...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 02, 2024, 01:53:40 AM
Quote from: obsidian on May 01, 2024, 12:37:23 PM

XRP / Ripple was judged to not be a security. How on earth will the SEC be able to prove ETH is a security if they could not prove XRP was?

Btw, Larry Fink of Blackrock says it doesn't matter even if Ethereum is classified as a security after a lawsuit. Not sure he's reasoning, but I am sure he's got some info we don't have.

XRP WAS held to be an illegally issued security. And hence Ripple and its various executives are now facing huge fines and possible criminal sentences. What was not help to be a criminal breach of securities laws, was for individuals to trade those illegally issued shares among themselves. Read the judgement - its quite clearly written and explained (and also still very unclear whether an exchange is permitted to facilitate the trade of such illegally issued securities). It is for this reason, obviously, that you have not seen any XRP ETF approved (which you would think would be the case, following your logic).

Not sure what is meant by the Fink quote, but it is clear that ETH as a technology will continue despite ETH being ruled a security and despite there being no Eth ETF. Maybe that is what he meant?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 02, 2024, 04:33:01 AM
Quote from: gib on May 02, 2024, 01:53:40 AM
XRP WAS held to be an illegally issued security. And hence Ripple and its various executives are now facing huge fines and possible criminal sentences. What was not help to be a criminal breach of securities laws, was for individuals to trade those illegally issued shares among themselves. Read the judgement - its quite clearly written and explained (and also still very unclear whether an exchange is permitted to facilitate the trade of such illegally issued securities). It is for this reason, obviously, that you have not seen any XRP ETF approved (which you would think would be the case, following your logic).

Not sure what is meant by the Fink quote, but it is clear that ETH as a technology will continue despite ETH being ruled a security and despite there being no Eth ETF. Maybe that is what he meant?
This is incorrect. XRP was determined to not be a security. Go read up on the case. Why are you posting this? My question again is if the SEC could not prove that XRP was a security, how will they do so with ETH?

https://www.investopedia.com/what-does-the-xrp-not-a-security-ruling-mean-for-other-cryptocurrencies-7561320#:~:text=KEY%20TAKEAWAYS,crypto%20waged%20by%20the%20SEC.

KEY TAKEAWAYS
A Thursday court ruling in Ripple's case with the SEC indicated that the digital asset XRP is not a security.

The crypto industry has responded positively to the news, with crypto exchanges relisting XRP and many hoping this will lead to an end to the perceived war on crypto waged by the SEC.

The ruling will undoubtedly have an impact on the SEC's cases against Binance and Coinbase, and the fact that many U.S.-based exchanges have decided to relist XRP is seen as positive development for Binance and Coinbase's legal standing.

While there is reason for crypto enthusiasts to rejoice over the short term, the reality is the Ripple ruling may not be the end-all-be-all method by which crypto assets are classified.

https://www.globalcompliancenews.com/2023/07/28/https-insightplus-bakermckenzie-com-bm-data-technology-united-states-finally-a-court-decides-xrp-by-itself-is-not-a-security-your-turn-congress_07252023/

Orange groves are not securities and neither is XRP: Back to Howey basics
While the Ripple decision contains other important holdings, for the sake of Howey and the crypto industry, perhaps no holding was as important as returning to the basics: that is, the purpose of the Howey test and the distinction between an investment contract and its subject asset. In assessing the XRP token, Judge Torres recognized that any asset can be the subject of an investment contract, but selling any asset (including a digital asset) via an investment contract does not automatically make that subject asset into a security. Rather, whether the sale and distribution of XRP, orange groves, or any other asset (a non-security) constitutes an investment contract (a security) depends on the totality of the circumstances surrounding each contract, transaction, or scheme through which the asset is sold and distributed (i.e., a transaction-by-transaction analysis).

When looking at XRP, Judge Torres was unequivocal in holding that XRP, the digital asset by itself, is not “a ‘contract, transaction, or scheme’ that embodies the Howey requirements of an investment contract,” and thus it is not a security. In that sense, XRP, the digital asset, is no different than the orange groves in Howey. In Howey, investors purchased ownership interests in parcels of orange groves coupled with a service agreement for another person to cultivate, harvest and market the crops and remit the net proceeds to the passive investors. It was the entirety of that arrangement that constituted the investment contract in Howey, not the orange groves themselves.

Re-establishing the basic Howey analysis framework may be the most important outcome of the Order, and arguably one less likely to be overturned on appeal. Moreover, the Securities Clarity Act and the recently introduced Financial Innovation and Technology (FIT) for the 21st Century Act would further reinforce the distinction between the investment contract and the underlying asset. Indeed, the connection was immediately highlighted by Rep. Emmers in reaction to the Order.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 02, 2024, 04:40:42 AM
Obsidian- you are a smart guy. I urge you to read the case, as opposed to watching youtubers or reading short summaries.

The entire case is public. However, if you do want a short snippet which explains, see here:

https://www.reuters.com/markets/us/sec-seeking-2-billion-ripple-labs-chief-legal-officer-says-2024-03-25/#

"Torres ruled in July that the blockchain company's sale of XRP worth $728.9 million to hedge funds and other sophisticated buyers amounted to unlawful sales of unregistered securities."

It is beyond doubt that the judge ruled that these tokens ARE securities, and further that they were ILLEGALLY ISSUED.
 
As to what is happening to the decision that XRP issuers committed SEC violations by issuing illegal securities, I believe there will be a further trial on this later this year, unless of course these executives and the company admit liability, possibly agree to jail time, and pay Billions in punishment. So, if they settle, we are left with a very clear ruling, which was not appealed, that XRP was an illegally issued security. And if not settled, this will go to trail, risking an adverse finding that makes it entirely clear that the Howey test was clearly violated (not just by Ripple but by most alt coin issuers). That then still leaves, for now, the issue open as to where such illegally issued securities may be publicly traded (we can let Coinbase etc fight that one, and by the way there are far more than just securities laws being breached with such conduct which may also be enforced), but either way, these are all reasons why many with a legal background believe that ETFs of such assets are very unlikely to be approved (at least not unless there is legislative change).

Again, some possible upside for ETH if an EFT is eventually approved (although also quite a possibility of a downside due to disappointing investor demand), but either way, a lot at stake. The "safe bet" is to align with BTC. The riskier bet, is to hope somehow that things change in relation to the legal status of alts, and that this in turn leads to upside for you. For ETH, also be very weary, it can be infinitely diluted by alts to Eth - SOL, etc, which is also weighing on its demand as a desirable asset to hold long term.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 02, 2024, 05:52:59 PM
Quote from: gib on May 02, 2024, 04:40:42 AM
Obsidian- you are a smart guy. I urge you to read the case, as opposed to watching youtubers or reading short summaries.

The entire case is public. However, if you do want a short snippet which explains, see here:

https://www.reuters.com/markets/us/sec-seeking-2-billion-ripple-labs-chief-legal-officer-says-2024-03-25/#

"Torres ruled in July that the blockchain company's sale of XRP worth $728.9 million to hedge funds and other sophisticated buyers amounted to unlawful sales of unregistered securities."

It is beyond doubt that the judge ruled that these tokens ARE securities, and further that they were ILLEGALLY ISSUED.
 
As to what is happening to the decision that XRP issuers committed SEC violations by issuing illegal securities, I believe there will be a further trial on this later this year, unless of course these executives and the company admit liability, possibly agree to jail time, and pay Billions in punishment. So, if they settle, we are left with a very clear ruling, which was not appealed, that XRP was an illegally issued security. And if not settled, this will go to trail, risking an adverse finding that makes it entirely clear that the Howey test was clearly violated (not just by Ripple but by most alt coin issuers). That then still leaves, for now, the issue open as to where such illegally issued securities may be publicly traded (we can let Coinbase etc fight that one, and by the way there are far more than just securities laws being breached with such conduct which may also be enforced), but either way, these are all reasons why many with a legal background believe that ETFs of such assets are very unlikely to be approved (at least not unless there is legislative change).

Again, some possible upside for ETH if an EFT is eventually approved (although also quite a possibility of a downside due to disappointing investor demand), but either way, a lot at stake. The "safe bet" is to align with BTC. The riskier bet, is to hope somehow that things change in relation to the legal status of alts, and that this in turn leads to upside for you. For ETH, also be very weary, it can be infinitely diluted by alts to Eth - SOL, etc, which is also weighing on its demand as a desirable asset to hold long term.
Not that I view Reuters as the bastion of truth. It's still controlled by the "Tribe".

But in your own link, you left out the part at the bottom:

While the SEC partly won the case, Torres dealt the regulator a high-profile setback when she ruled that XRP Ripple sold on public cryptocurrency exchanges did not meet the legal definition of a security.

Torres denied the SEC's request to repeal that ruling while the case is in progress. But the regulator may appeal once the judge decides its request for penalties.

^^^^^^^^
XRP sold to the general public on exchanges was not ruled to be a security. There were no contracts. The same will apply to ETH obviously. I signed no contracts when I mined or bought ETH. The speculation for me was no different than your speculation with BTC. Or someone who buys a baseball card. I also have put a lot more work and sweat equity to acquire ETH than you did with your BTC. But the bottom line is, the ETH I bought or mined was not a security based on the findings of the Ripple / XRP case. That's the precedent.

I will add that the SEC is of course completely corrupt. I know you are looking towards them for selfish, greedy reasons to pump your BTC bags at the expense of other token holders. You already stated that in this thread. So you want the SEC to fuck all other investors (when their stated mission is to protect investors) who don't hold BTC so you can make more money with BTC. Nice. Obviously I am not onboard with that. Not once have I said something like that. I have opined that I think smaller market cap tokens might pump more than larger caps like BTC or ETH. But I don't want to see anyone "lose" money, whichever tokens they are invested in. And I would not champion a corrupt entity like the SEC to go after projects that I am not invested in.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 02, 2024, 11:48:07 PM

A young kid just Launched his own token while streaming. His Mum for some weird reason showed up on camera in a singlet and starts juggling her boobs right next to his head saying he used to suck on them. People start giving tips and it’s going bing bing as money rolls in.

Urgh, we are about to get so fucked.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on May 03, 2024, 06:03:09 PM
Quote from: gib on April 16, 2024, 07:23:55 AM
Anyone worried just need to zoom out a little. We know BTC will hit 100K. We know it will hit 1m. But of course there will be ups and downs along the way.

(https://media.tenor.com/images/25eba48a338d64e17edc99f88f0482bf/tenor.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 03, 2024, 10:39:10 PM
Quote from: Flexacon on May 01, 2024, 05:17:37 AM
It was a great call, made even better by you not waiting for your $76k target to hit first.

I still have a bunch of staked positions open, but I expect to keep printing with them even in a downtrend (uptrend would print harder though)

I think macro is guiding us more than ever though and there is currently a huge put wall in ES that appeared almost out of no where. Maybe a front run of FOMC, so a V shape recovery may be on the cards or it could just be a line in the sand moment. First scenario could see BTC squeeze hard from here to $70k+ as it's only shorts left for the cabal to rek.  Not playing anything, but will be watching with the interest.

Very interesting... halfway there... Closing above 62k this week would be a good sign for bulls

Also wtf GBTC had $63.1M of INFLOWS! Is someone (Barry) trolling or is someone trying to send a message? Definitely some kinda game going on there.

(https://i.giphy.com/a5viI92PAF89q.webp)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 04, 2024, 01:50:49 AM
Quote from: Flexacon on May 03, 2024, 10:39:10 PM
Very interesting... halfway there... Closing above 62k this week would be a good sign for bulls

Also wtf GBTC had $63.1M of INFLOWS! Is someone (Barry) trolling or is someone trying to send a message?

(https://i.giphy.com/a5viI92PAF89q.webp)

When we tagged 57k the short Liqs were at 63k and we stopped right here. Might go 65k to take out new shorts.

Just like post 69k in 2021, the crowd will be bullish for ageeeeeees and be ‘up only’ all the way down until they have every cent taken from them.

The evil overlord nature in me says we take it to 25k and ETH ETF is denied in 2024 wiping out the entire space. We then go up only 2025.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 04, 2024, 02:40:04 AM
Quote from: Mayday on May 04, 2024, 01:50:49 AM
When we tagged 57k the short Liqs were at 63k and we stopped right here. Might go 65k to take out new shorts.

Just like post 69k in 2021, the crowd will be bullish for ageeeeeees and be ‘up only’ all the way down until they have every cent taken from them.

The evil overlord nature in me says we take it to 25k and ETH ETF is denied in 2024 wiping out the entire space. We then go up only 2025.

Any price for BTC is possible as things like recession and stagflation are still on the table, but so are soft or no landing albeit looking less likely.

ETH ETF denial is mostly priced in so won't do much damage.

Looks like someone is trying to paint the BTC chart and manipulate sentiment. On the day CZ gets his sentence BTC dumps hard on no news and there is a huge net ETF outflow including iBit for the first time. Support lines are broken.

Now we get the opposite. Price pumping for no reason and GBTC has it's first net inflow day on the very day iBit was expected to takeover as the biggest BTC ETF. This could be a pump that keeps going especially if SPX plays nice for the rest of May (risk on is back)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 05, 2024, 02:53:10 AM
The usual panic and predictions of catastrophic downside in this thread  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 05, 2024, 03:17:14 AM
Quote from: obsidian on May 02, 2024, 05:52:59 PM
Not that I view Reuters as the bastion of truth. It's still controlled by the "Tribe".

But in your own link, you left out the part at the bottom:

While the SEC partly won the case, Torres dealt the regulator a high-profile setback when she ruled that XRP Ripple sold on public cryptocurrency exchanges did not meet the legal definition of a security.

Torres denied the SEC's request to repeal that ruling while the case is in progress. But the regulator may appeal once the judge decides its request for penalties.

^^^^^^^^
XRP sold to the general public on exchanges was not ruled to be a security. There were no contracts. The same will apply to ETH obviously. I signed no contracts when I mined or bought ETH. The speculation for me was no different than your speculation with BTC. Or someone who buys a baseball card. I also have put a lot more work and sweat equity to acquire ETH than you did with your BTC. But the bottom line is, the ETH I bought or mined was not a security based on the findings of the Ripple / XRP case. That's the precedent.

I will add that the SEC is of course completely corrupt. I know you are looking towards them for selfish, greedy reasons to pump your BTC bags at the expense of other token holders. You already stated that in this thread. So you want the SEC to fuck all other investors (when their stated mission is to protect investors) who don't hold BTC so you can make more money with BTC. Nice. Obviously I am not onboard with that. Not once have I said something like that. I have opined that I think smaller market cap tokens might pump more than larger caps like BTC or ETH. But I don't want to see anyone "lose" money, whichever tokens they are invested in. And I would not champion a corrupt entity like the SEC to go after projects that I am not invested in.

Correct.

The maxipads fear competition.

In a free-market, there will always be competition, choice and alternatives, which is something that certain crypto token fundamentalists fail or refuse to understand.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 06, 2024, 01:11:00 AM
Bitcoiners know there is no legitimate "alt" to Bitcoin. (Eth being an "alt" to BTC has long since failed as a narrative).

In terms of "competition" almost all of the "alts" actually compete with regulated securities, only they were illegally issued. So, to that extent, I can see why all those companies who legitimately raised capital in compliance with securities laws might see it as unfair that such businesses can breach the law like that. And it is for this reason also, that authorities will enforce the law.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 06, 2024, 01:13:14 AM
This guy has a good show.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 06, 2024, 11:11:23 AM
Quote from: gib on May 06, 2024, 01:13:14 AM
This guy has a good show.



The miner narrative will get tested. Energy cost doesn’t force up price.

If energy cost calls for 120k price for miners to break even but we don’t get that price, miners are forced to exit and difficulty adjusts to make it easier and higher reward.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 06, 2024, 01:25:58 PM
Quote from: Mayday on May 06, 2024, 11:11:23 AM
The miner narrative will get tested. Energy cost doesn’t force up price.

If energy cost calls for 120k price for miners to break even but we don’t get that price, miners are forced to exit and difficulty adjusts to make it easier and higher reward.

Agree.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 06, 2024, 02:08:44 PM
Quote from: Mayday on May 06, 2024, 11:11:23 AM
The miner narrative will get tested. Energy cost doesn’t force up price.

If energy cost calls for 120k price for miners to break even but we don’t get that price, miners are forced to exit and difficulty adjusts to make it easier and higher reward.
https://news.bitcoin.com/the-halving-effect-bitcoin-hashrate-decreases-as-miners-prepare-for-probable-difficulty-drop/

That means BTC mining will centralize to the point where the Bitcoin network is secured similar to a Trafdi Bank's network is secured by centralized servers.

When I mined Ethereum I had to build my own rigs from scratch with hundreds of parts. Bitcoin mining involves buying one complete turnkey unit, plugging it in, and starting to mine / Secure Bitcoin. Setting up an Ethereum staking validator is also a lot more complicated than getting involved in Bitcoin mining. But that means Ethereum is actually technically more secure compared to Bitcoin.

Long-term I see Bitcoin mining completely centralizing. And eventually the Proof of Work model will rely on fees mostly, not the mining of new BTC. This is why I think the Proof of Stake model has better long-term viability.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 06, 2024, 09:49:20 PM
Perhaps - whilst a lot more miners are part of mining pools giving the appearance of centralization, they are still separate and individual entities. Basically, we should see independent miners pop up wherever energy can be most efficiently harvested. Lets see. Its an interesting area keep an eye on.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 07, 2024, 09:28:18 AM
Quote from: Mayday on May 06, 2024, 11:11:23 AM
The miner narrative will get tested. Energy cost doesn’t force up price.

If energy cost calls for 120k price for miners to break even but we don’t get that price, miners are forced to exit and difficulty adjusts to make it easier and higher reward.

Miners are now also getting good fees from Bitcoin  L2s, ordinal, inscriptions, runes etc. Break even isn't as simple to calculate as before.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 07, 2024, 04:57:40 PM
Quote from: gib on May 06, 2024, 09:49:20 PM
Perhaps - whilst a lot more miners are part of mining pools giving the appearance of centralization, they are still separate and individual entities. Basically, we should see independent miners pop up wherever energy can be most efficiently harvested. Lets see. Its an interesting area keep an eye on.

Efficiency looks for centralisation. I have no problem with this but the BTC maxis do.

The reality is after China left mining the Us went from 3% to 35% hash rate. Only Russia is left keeping the US from likely having total control of the network.

But if number goes up, nobody really cares about their privacy. If Russia are squeezed out then it’s going to be interesting what the US govt do once they own the network. Hence I think the narrative  is the US will peg to BTC the new world Reserve currency is one the masses will accept if this happens and rally behind it.

Again, I couldn’t care less, send the number up lol. But anyone who cares for privacy I am saying if they hold BTC they are lying, they only care about number up otherwise you’d use cash.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 08, 2024, 01:23:11 AM
Quote from: Flexacon on May 04, 2024, 02:40:04 AM
Any price for BTC is possible as things like recession and stagflation are still on the table, but so are soft or no landing albeit looking less likely.

ETH ETF denial is mostly priced in so won't do much damage.

Looks like someone is trying to paint the BTC chart and manipulate sentiment. On the day CZ gets his sentence BTC dumps hard on no news and there is a huge net ETF outflow including iBit for the first time. Support lines are broken.

Now we get the opposite. Price pumping for no reason and GBTC has it's first net inflow day on the very day iBit was expected to takeover as the biggest BTC ETF. This could be a pump that keeps going especially if SPX plays nice for the rest of May (risk on is back)

I’m sticking with my Mar-Jul window. A liquidity event is due soon, mid year. BTC tops before S&P. The ETFs haven’t changed this, S&P is near ATH so why is BTC down near 62k if everything was going well?

I have Inflationary wave 2 starting this year, therefore we must have a deflationary event first. Election in November They need a quick hit to put downward pressure on Q3-Q4 inflation to justify the spending spree into Nov.

We already know retail will buy the dip to 42k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 08, 2024, 01:55:30 AM
Quote from: Mayday on May 07, 2024, 04:57:40 PM
Efficiency looks for centralisation. I have no problem with this but the BTC maxis do.

The reality is after China left mining the Us went from 3% to 35% hash rate. Only Russia is left keeping the US from likely having total control of the network.

But if number goes up, nobody really cares about their privacy. If Russia are squeezed out then it’s going to be interesting what the US govt do once they own the network. Hence I think the narrative  is the US will peg to BTC the new world Reserve currency is one the masses will accept if this happens and rally behind it.

Again, I couldn’t care less, send the number up lol. But anyone who cares for privacy I am saying if they hold BTC they are lying, they only care about number up otherwise you’d use cash.

BTC is mined globally and will be mined anywhere a rig can be attached to cheap energy. Here is a good heat map of global mining distribution.

https://ccaf.io/cbnsi/cbeci/mining_map

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 08, 2024, 05:36:23 AM
https://cointelegraph.com/news/grayscale-withdraws-ethereum-futures-etf-application
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 08, 2024, 06:29:56 AM
Quote from: gib on May 08, 2024, 05:36:23 AM
https://cointelegraph.com/news/grayscale-withdraws-ethereum-futures-etf-application

Come on now bro. Don't just post this without providing your take on it.

Some are saying it bearish ETH (guessing you lean this way), some saying it could mean grayscale withdrew it cos they know the spot ETF is gonna get approved. Maybe not this month, but for the blackrock deadline. Some say it doesn't mean anything.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on May 08, 2024, 07:41:00 AM
Halving came and went.  At what point can we say it did nothing for the price of bitcoin when many thought it would make it increase significantly?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 08, 2024, 08:00:38 AM
Quote from: loco on May 08, 2024, 07:41:00 AM
Halving came and went.  At what point can we say it did nothing for the price of bitcoin when many thought it would make it increase significantly?

It's only been a few weeks. Halving historically doesn't do anything for the price for the first 2 to 4 months after it. If anything the price drops.

Halving increases mining difficulty and typically this means a lot of bitcoin miners go out of business, but it's not an overnight process. Those unprofitable miners may hold mined bitcoins which they dump as the exit and this is the reason why there is often a big initial draw down after the halving.

Once they are all out of the picture and only profitable miners remain, the sell pressure from miners selling decreases significantly, so conditions for price appreciation is at its most favourable. The timeline is months, not days.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 08, 2024, 01:22:07 PM
Quote from: loco on May 08, 2024, 07:41:00 AM
Halving came and went.  At what point can we say it did nothing for the price of bitcoin when many thought it would make it increase significantly?

If you look at the charts from the same periods in the past, it has behaved similarly.

Historically, there has been a dip followed by a period of consolidation before resuming the uptrend.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 08, 2024, 01:45:17 PM
Quote from: Flexacon on May 08, 2024, 06:29:56 AM
Come on now bro. Don't just post this without providing your take on it.

Some are saying it bearish ETH (guessing you lean this way), some saying it could mean grayscale withdrew it cos they know the spot ETF is gonna get approved. Maybe not this month, but for the blackrock deadline. Some say it doesn't mean anything.

My take? Well with the recent statements from the SEC about almost all crypto not being compliant with SEC filing and disclosure regulations, and with it seemingly going very quiet on the ETH spot applications, and there being very small demand for Eth in the HK ETH - overall I would say, we will not see an ETH ETF anytime soon. As I have said, it would essentially be a perversion of the law. Best shot would be for legislative change, and that will not come, if at all, until next election. So, I would not rule it out entirely, but I see it as unlikely, and would suggest tempering expectations.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 08, 2024, 01:48:29 PM
Quote from: loco on May 08, 2024, 07:41:00 AM
Halving came and went.  At what point can we say it did nothing for the price of bitcoin when many thought it would make it increase significantly?

Assuming demand remains consistent, with the new supply meeting some of that demand, the price has to go up given the new supply has halved (to the extent that drop in new supply has not been priced in).

Given the recent US ETF (and more coming in other countries), slowing outflows from GBTC, and a possible peak in interest rates, combined with this halving in supply, I would expect the price to keep rising over time, and at some point quite sharply.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 08, 2024, 03:04:09 PM
Quote from: gib on May 08, 2024, 01:45:17 PM
My take? Well with the recent statements from the SEC about almost all crypto not being compliant with SEC filing and disclosure regulations, and with it seemingly going very quiet on the ETH spot applications, and there being very small demand for Eth in the HK ETH - overall I would say, we will not see an ETH ETF anytime soon. As I have said, it would essentially be a perversion of the law. Best shot would be for legislative change, and that will not come, if at all, until next election. So, I would not rule it out entirely, but I see it as unlikely, and would suggest tempering expectations.
Perversion of law?! LMAO. What law?! The Securities act was established many decades before cryptocurrencies were developed. Securities require contracts. There are no contracts trading any cryptocurrencies. There is literally no difference between you buying Bitcoin or me buying (or mining) Ethereum or Dogecoin. We both bought it with FIAT. We both did not sign any contracts. We both expect a profit. In my case I bought some Ethereum but the vast majority was mined via Proof of Work.

The SEC will lose in court if they try to claim that the Ethereum token is a security. Proof of Stake does not change the classification either. Setting up a solo staking validator takes more work and is a lot more complicated than plugging an ASIC miner into an outlet to mine BTC. Proof of Stake validators are "workers", just like miners are workers. They need hardware, electricity, internet, a building, cooling, and regular maintenance. With Proof of Stake there is the added issue that your staked ETH could be subject to incremental slashing should the validator be offline for prolonged periods.

I would argue that Ethereum staking is also more decentralized than Bitcoin mining.

The initial ICO of Ethereum might be seen as a securities violation - we'll see. Bitcoin was sold to acquire Ethereum. But the many subsequent mining and purchasing of Ethereum to third parties were not securities violations. The token itself is not a security. This was proved in court with the Ripple case. And solo Proof of Stake requires a lot of work and technical expertise on the part of the participant. That in addition to the absence of any contracts means POS Ethereum is not a security at all. But the courts could prove that if needed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 08, 2024, 03:07:53 PM
Quote from: gib on May 08, 2024, 01:55:30 AM
BTC is mined globally and will be mined anywhere a rig can be attached to cheap energy. Here is a good heat map of global mining distribution.

https://ccaf.io/cbnsi/cbeci/mining_map
I really don't see an ASIC miner as a rig. To me it is more an appliance like a microwave. It is unboxed, plugged in, and there you go with your centralized ASIC mining. GPU mining was on a different level of complexity and work required to set it up and run in. I actually despise ASIC mining. It's a device tweaked to do one thing and that's it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 08, 2024, 03:16:57 PM
Quote from: Flexacon on May 07, 2024, 09:28:18 AM
Miners are now also getting good fees from Bitcoin  L2s, ordinal, inscriptions, runes etc. Break even isn't as simple to calculate as before.
They did. But it might be temporary. It does not have long term viability I think. It has already dropped.

https://thedefiant.io/news/defi/bitcoin-fees-normalize-after-runes-coming-out-party-abruptly-ends

Data from Dune analytics shows that Runes’ daily transaction count tanked 97.5% to 19,000 from an all-time high of 753,584 on April 23. The pull-back coincides with Runes’ share of Bitcoin’s on-chain activity dropping to 30% from 81.3% over the same period.

The complaint was Ethereum was too expensive for NFTs etc. And Solana jumped in to fill the void. Then Solana got spammed because transactions were so inexpensive. The Solana network bogged down and they have been dealing with failed transactions. Ethereum released the Dencun upgrade to lower L2 fees. It worked great, reference the Coinbase ETH L2 BASE success.

So why would you pay high fees to get a BTC NFT when you can just buy BTC itself?

But the Ethereum deflationary tokenomics has been impacted. The inflation is around 0.4% now. It could potentially go negative if a tremendous amount of activity is seen. 0.4% is not a terrible inflation, better than Solana for sure. It is also lower than the current 0.85% Bitcoin inflation rate. I know eventually the BTC inflation rate will be 0.05% in 2040. But the issue is how do you compensate miners at that point.

https://charts.woobull.com/bitcoin-inflation/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on May 08, 2024, 06:06:33 PM
Quote from: loco on May 08, 2024, 07:41:00 AM
Halving came and went.  At what point can we say it did nothing for the price of bitcoin when many thought it would make it increase significantly?

It normally takes about 200 days after halving before bitcoin reaches a new all time high.  keep stacking those satoshis!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 08, 2024, 11:54:30 PM
Quote from: gib on May 08, 2024, 01:55:30 AM
BTC is mined globally and will be mined anywhere a rig can be attached to cheap energy. Here is a good heat map of global mining distribution.

https://ccaf.io/cbnsi/cbeci/mining_map

Yep, the US will control the BTC network shortly. Funny I started talking about this and Trump has now said crypto needs to be in the US 👀

The network Will be under US govt control in the near future. Ahhh the 2025 narrative of the USD pegging to BTC to get the bullrun fired up.

Quote from: Griffith on May 08, 2024, 01:22:07 PM
If you look at the charts from the same periods in the past, it has behaved similarly.

Historically, there has been a dip followed by a period of consolidation before resuming the uptrend.

We all know this. Why do you think it hit an ATH? It’s the same but the halving and ETF was front run which made it different. It was actually a major top, not a little one.

This now means the ‘consolidation’ as you put it will also look different. People gunna brag about dip buying down to 42k. The party gets started well below that.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 09, 2024, 02:36:46 AM
Quote from: Flexacon on May 08, 2024, 06:29:56 AM
Come on now bro. Don't just post this without providing your take on it.

Some are saying it bearish ETH (guessing you lean this way), some saying it could mean grayscale withdrew it cos they know the spot ETF is gonna get approved. Maybe not this month, but for the blackrock deadline. Some say it doesn't mean anything.
https://www.dlnews.com/articles/regulation/grayscale-to-focus-on-spot-ethereum-products-says-ceo/

Grayscale will focus energies on spot Ethereum products, CEO says

- Grayscale Investments has withdrawn its application to provide an Ethereum futures ETF.
- Michael Sonneshein, Grayscale’s CEO, said he is optimistic that the SEC will approve the firm’s application to convert its Ethereum trust to a spot ETF

Grayscale Investments will focus on converting its Ethereum trust — the world’s largest — to spot exchange-traded products, CEO Michael Sonnenshein said on Wednesday.

“At Grayscale we decided to focus our energy on our spot products. That’s really core to our DNA,” he said during an event in London that was hosted by the Financial Times.

On Tuesday, media reported that the crypto-native asset manager had withdrawn its application to the Securities and Exchange Commission to provide an Ether futures ETF.

It had filed the application in October.

Sonnenshein said the asset manager was withdrawing the application because a number of futures products are already available for investors.

As DL News has reported, VanEck’s EFUT and ProShares’ EETH dominate the brutally competitive Ethereum ETF field, accounting for over 90% of total trading volume at launch.

“Sometimes we will file for a product. That doesn’t necessarily mean it’s going to come to market,” Sonnenshein said
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on May 09, 2024, 07:28:56 AM
Quote from: obsidian on May 09, 2024, 02:36:46 AM
https://www.dlnews.com/articles/regulation/grayscale-to-focus-on-spot-ethereum-products-says-ceo/

Grayscale will focus energies on spot Ethereum products, CEO says

- Grayscale Investments has withdrawn its application to provide an Ethereum futures ETF.
- Michael Sonneshein, Grayscale’s CEO, said he is optimistic that the SEC will approve the firm’s application to convert its Ethereum trust to a spot ETF

Grayscale Investments will focus on converting its Ethereum trust — the world’s largest — to spot exchange-traded products, CEO Michael Sonnenshein said on Wednesday.

“At Grayscale we decided to focus our energy on our spot products. That’s really core to our DNA,” he said during an event in London that was hosted by the Financial Times.

On Tuesday, media reported that the crypto-native asset manager had withdrawn its application to the Securities and Exchange Commission to provide an Ether futures ETF.

It had filed the application in October.

Sonnenshein said the asset manager was withdrawing the application because a number of futures products are already available for investors.

As DL News has reported, VanEck’s EFUT and ProShares’ EETH dominate the brutally competitive Ethereum ETF field, accounting for over 90% of total trading volume at launch.

“Sometimes we will file for a product. That doesn’t necessarily mean it’s going to come to market,” Sonnenshein said

Meanwhile, there is no ETH ETF....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 09, 2024, 04:00:48 PM
Quote from: gib on May 09, 2024, 07:28:56 AM
Meanwhile, there is no ETH ETF....
Spot in USA... yet...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 09, 2024, 04:52:00 PM
Quote from: obsidian on May 09, 2024, 04:00:48 PM
Spot in USA... yet...

It’ll happen.

Grayscale hold 3% so it’s the same warning I gave for BTC…… but….. what if his deal with the US was only for BTC? What if he doesn’t need to bleed out ETH?

It’s all about the ‘what if’ on ETH ETF. I’d love Barry to hold his ETH. Then we will get the flippening 😀
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 10, 2024, 03:06:33 AM
He's a simple thesis/narritive for the next 6 months.

Bidens administration FUDs crypto (including BTC in cold wallets) CHECK

Trump has gone pro crypto and will probably lead the presidential polls going into the election. CHECKish

Crypto markets front runs election and Trumps good polling. Market peaks around election time (actual result doesn't matter, only that Trump leading polling)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on May 11, 2024, 01:28:31 AM
250k btc by 2030
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 11, 2024, 01:04:21 PM
Quote from: Mayday on May 09, 2024, 04:52:00 PM
It’ll happen.

Grayscale hold 3% so it’s the same warning I gave for BTC…… but….. what if his deal with the US was only for BTC? What if he doesn’t need to bleed out ETH?

It’s all about the ‘what if’ on ETH ETF. I’d love Barry to hold his ETH. Then we will get the flippening 😀
I also think so. There's a lot of ETH FUD going around. It is massively underpriced compared to Bitcoin.

People that lack a technical background don't understand the issues facing Bitcoin Proof of Work in the coming years as multiple halvenings strain the miners. The security of Bitcoin depends on a decentralized miner network. I am not sure how this will be possible when the cost to mine would exclude all but a few players. Bitcoin ASIC mining does not impress me. It's a dedicated appliance that anyone can setup easily. At least with GPU mining you needed technical skills to setup and configure the systems. It was labor intensive.

I'd love to see Saylor assemble the rigs I built in the same amount of time. He pisses me off. He says everything but Bitcoin is a commodity and meanwhile all he did was buy Bitcoin with the expectation of making a profit (on the work of others), while at the same time doing zero work. Well, the only work he does is trying to promote BTC to help pump his bags. But he's not mining BTC and doing "work", he buys it. He's a hypocrite. And now he owns 1% of BTC. He is one greedy bastard. Just once I'd love to see someone with technical knowledge confront his ass and talk over him.

https://cointelegraph.com/news/ark-invest-21shares-drop-staking-from-ethereum-etf-proposal

ARK and 21Shares drop staking plans from Ethereum ETF proposal

Bloomberg ETF analyst Erich Balchunas suggests the update may be a response to potential SEC feedback despite no official comments.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 11, 2024, 01:41:29 PM
Quote from: obsidian on May 11, 2024, 01:04:21 PM
I also think so. There's a lot of ETH FUD going around. It is massively underpriced compared to Bitcoin.

People that lack a technical background don't understand the issues facing Bitcoin Proof of Work in the coming years as multiple halvenings strain the miners. The security of Bitcoin depends on a decentralized miner network. I am not sure how this will be possible when the cost to mine would exclude all but a few players. Bitcoin ASIC mining does not impress me. It's a dedicated appliance that anyone can setup easily. At least with GPU mining you needed technical skills to setup and configure the systems. It was labor intensive.


Pointed these things out on here a long time ago.

Doesn't matter any more. Blackrock and tradfi will strong arm an unpopular solution through to handle the issue. By then Maxis will either be too wealthy to care or a small minority that no ones pays any attention too.

An example of a solution might be to fork bitcoin, make all undeclared and non KYC bitcoin illegal/worth $0 and then if needed eventually double the supply.

Study the gold reserve act 1934
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 11, 2024, 03:47:16 PM
Quote from: obsidian on May 11, 2024, 01:04:21 PM
I also think so. There's a lot of ETH FUD going around. It is massively underpriced compared to Bitcoin.

People that lack a technical background don't understand the issues facing Bitcoin Proof of Work in the coming years as multiple halvenings strain the miners. The security of Bitcoin depends on a decentralized miner network. I am not sure how this will be possible when the cost to mine would exclude all but a few players. Bitcoin ASIC mining does not impress me. It's a dedicated appliance that anyone can setup easily. At least with GPU mining you needed technical skills to setup and configure the systems. It was labor intensive.

I'd love to see Saylor assemble the rigs I built in the same amount of time. He pisses me off. He says everything but Bitcoin is a commodity and meanwhile all he did was buy Bitcoin with the expectation of making a profit (on the work of others), while at the same time doing zero work. Well, the only work he does is trying to promote BTC to help pump his bags. But he's not mining BTC and doing "work", he buys it. He's a hypocrite. And now he owns 1% of BTC. He is one greedy bastard. Just once I'd love to see someone with technical knowledge confront his ass and talk over him.

https://cointelegraph.com/news/ark-invest-21shares-drop-staking-from-ethereum-etf-proposal

ARK and 21Shares drop staking plans from Ethereum ETF proposal

Bloomberg ETF analyst Erich Balchunas suggests the update may be a response to potential SEC feedback despite no official comments.

Ponder what the powers that be want and that’s the answer.

That’s why I gave my nightmare scenario.

Wall St now control the largest inflows/outflows. The US is the largest player in mining and shortly will control the network. It’s end game now for the leaders who want to use blockchain to remove freedom and privacy.

Think of those evil movies where the innocent must go willingly to the devil. CBDC are coming and the innocent must willingly give up their privacy……. This is the game being played at the moment.

EDIT I forgot to add, the largest energy event in our lifetime will occur inside of 6yrs (likely inside the next 2-3 which will dwarf the Global Lockdown impact at a sustained level. Saylor and maxis are betting against this, personally I’m betting on the Overlords to win, not the maxis.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on May 12, 2024, 03:06:59 AM
Quote from: Mayday on May 11, 2024, 03:47:16 PM
, the largest energy event in our lifetime will occur inside of 6yrs (likely inside the next 2-3 which will dwarf the Global Lockdown impact at a sustained level. Saylor and maxis are betting against this, personally I’m betting on the Overlords to win, not the maxis.
what are you basing this on?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on May 12, 2024, 08:10:09 AM
Why doesn't Ether ever dip lower than 2,800 and normally floats around 3,000 even with bad news of the ETF and downturn in the crypto market as whole?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on May 12, 2024, 08:15:02 AM
my dream is to breakeven from my crypto gambling journey, and drive off into the sunshine without any losses weighing me down. if I can just get back all I lost I would be sitting pretty good right now. it seems pretty unlikely  :-X

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 12, 2024, 08:54:55 AM
Quote from: SouJerz on May 12, 2024, 08:10:09 AM
Why doesn't Ether ever dip lower than 2,800 and normally floats around 3,000 even with bad news of the ETF and downturn in the crypto market as whole?

2 of the biggest and richest scammers in the space (Richard Heart and Justin Sun) are also 2 of they biggest recent ETH whale buyers and stakers. They will probably defend certain levels.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 12, 2024, 03:06:11 PM
Quote from: Amerian Muscle on May 12, 2024, 03:06:59 AM
what are you basing this on?

I have posted about the emissions targets for years. It is the path we are on, hence I say you need to start thinking about what the overlords want, not what you want. 

The target for oil is 77mbpd by 2030. We use around 103mbpd and during the Global lockdown we still used 91mbpd.

We have 5.5yrs left. We have war in Ukraine and Russia (energy) and we have war with Israel and Palestine (energy).


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on May 12, 2024, 03:15:10 PM
Quote from: Mayday on May 12, 2024, 03:06:11 PM
I have posted about the emissions targets for years. It is the path we are on, hence I say you need to start thinking about what the overlords want, not what you want. 

The target for oil is 77mbpd by 2030. We use around 103mbpd and during the Global lockdown we still used 91mbpd.

We have 5.5yrs left. We have war in Ukraine and Russia (energy) and we have war with Israel and Palestine (energy).
i was hoping 90% of the world population would be dead by now after the vaccinations, but it was a ruse
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 13, 2024, 04:01:43 PM

FWIW I have started buying tokens already -85% down that I follow/own already.

When mkt cap is this low, you start buying.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on May 13, 2024, 07:45:23 PM
Quote from: Mayday on May 13, 2024, 04:01:43 PM
FWIW I have started buying tokens already -85% down that I follow/own already.

When mkt cap is this low, you start buying.

Cardano, XRP, polkadot?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 13, 2024, 11:07:01 PM
Quote from: SouJerz on May 13, 2024, 07:45:23 PM
Cardano, XRP, polkadot?

I don’t buy old coins, that’s where the trapped people are.

XRP bagholders are a lesson for what lies ahead.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on May 14, 2024, 05:43:08 AM
Quote from: Mayday on May 13, 2024, 11:07:01 PM
I don’t buy old coins, that’s where the trapped people are.

XRP bagholders are a lesson for what lies ahead.

$AMC $NVAX $GME $BYND
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 14, 2024, 05:47:30 PM
Quote from: SouJerz on May 14, 2024, 05:43:08 AM
$AMC $NVAX $GME $BYND

It’s why it’s so hard to hit a new ATH in crypto in 2nd or 3rd cycles. Once it has an ATH we know where the bar is set for trapped buyers. They will dump hard as soon as price gets close.

BTC hit an ATH by +7% and whales were dumping like crazy into the ETF buyers. Now everyone praying ‘the next pump is a week away and will go to 100k for sure’. Yet we know at 74k the sell pressure comes in again, maybe you get to 75k next time 🤔

Solana was the only existing coin coming close to its prior ATH and trapped people dumped before the ATH so it couldn’t get there.

Meanwhile new stuff on Solana and ETH hit ATH like crazy because nobody knows what the top will be and this is where all the Degens are buying.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on May 15, 2024, 07:42:43 AM
Quote from: Mayday on May 14, 2024, 05:47:30 PM
It’s why it’s so hard to hit a new ATH in crypto in 2nd or 3rd cycles. Once it has an ATH we know where the bar is set for trapped buyers. They will dump hard as soon as price gets close.

BTC hit an ATH by +7% and whales were dumping like crazy into the ETF buyers. Now everyone praying ‘the next pump is a week away and will go to 100k for sure’. Yet we know at 74k the sell pressure comes in again, maybe you get to 75k next time 🤔

Solana was the only existing coin coming close to its prior ATH and trapped people dumped before the ATH so it couldn’t get there.

Meanwhile new stuff on Solana and ETH hit ATH like crazy because nobody knows what the top will be and this is where all the Degens are buying.


But ETH never really got close to its ATH of 4700 it only got to 4100.  So same play?  If and when ETH gets ETF approval it should pump to 5,000 which will have massive whale selling into ETF buyers? 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 15, 2024, 07:43:08 AM
Quote from: Flexacon on May 01, 2024, 05:17:37 AM
It was a great call, made even better by you not waiting for your $76k target to hit first.

I still have a bunch of staked positions open, but I expect to keep printing with them even in a downtrend (uptrend would print harder though)

I think macro is guiding us more than ever though and there is currently a huge put wall in ES that appeared almost out of no where. Maybe a front run of FOMC, so a V shape recovery may be on the cards or it could just be a line in the sand moment. First scenario could see BTC squeeze hard from here to $70k+ as it's only shorts left for the cabal to rek.  Not playing anything, but will be watching with the interest.

SPX back at all time high with the turn around/up only literally starting at the point highlighted above. Even the biggest markets are gamed and yet people still believe in fundamental trading LMAO.

This is looking bullish crypto as DXY has finally started dropping too, close to breaking a treandline soon and if that happens it could be lambo time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 15, 2024, 07:52:17 AM
Quote from: Mayday on May 13, 2024, 04:01:43 PM
FWIW I have started buying tokens already -85% down that I follow/own already.

When mkt cap is this low, you start buying.

I bought something down 99%. I'm a legit whale and advisor to the project now  :D

Quote from: SouJerz on May 15, 2024, 07:42:43 AM

But ETH never really got close to its ATH of 4700 it only got to 4100.  So same play?  If and when ETH gets ETF approval it should pump to 5,000 which will have massive whale selling into ETF buyers?

You need to think of ETH as something that did a stock split because that's basically been the effect of L2s

ETH maxis putting their hopes into the ETF will be left scratching their heads if/when it gets approved (but without staking rewards) and does almost nothing for the price.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on May 15, 2024, 08:53:44 AM
Quote from: Flexacon on May 15, 2024, 07:52:17 AM
I bought something down 99%. I'm a legit whale and advisor to the project now  :D

You need to think of ETH as something that did a stock split because that's basically been the effect of L2s

ETH maxis putting their hopes into the ETF will be left scratching their heads if/when it gets approved (but without staking rewards) and does almost nothing for the price.


DAMNNNN!  Shots fired at Obsidian!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 15, 2024, 10:12:27 AM
Quote from: SouJerz on May 15, 2024, 08:53:44 AM

DAMNNNN!  Shots fired at Obsidian!

Not really. It's more shots at people who think ETH price will do what BTC did with the ETF. So basically you lol

Obsidian is happy doing his thing with ETH and 5%ish staking. I've explained previously to him that I wouldn't be happy with that. His issue is now is more with the SEC and their overreach. I agree with him and was talking about that stuff going back a couple of years.

Price of ETH will go up late cycle just like it always has. Maybe it all lines up though. My thinking out loud top is November and Blackrock ETH ETF  deadline is September. Sept/Oct to Nov/Dec would be the ETH bullrun with or without an ETF. ETF would be a great narrative for run.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on May 15, 2024, 10:39:47 AM
Quote from: Flexacon on May 15, 2024, 10:12:27 AM
Not really. It's more shots at people who think ETH price will do what BTC did with the ETF. So basically you lol

Obsidian is happy doing his thing with ETH and 5%ish staking. I've explained previously to him that I wouldn't be happy with that. His issue is now is more with the SEC and their overreach. I agree with him and was talking about that stuff going back a couple of years.

Price of ETH will go up late cycle just like it always has. Maybe it all lines up though. My thinking out loud top is November and Blackrock ETH ETF  deadline is September. Sept/Oct to Nov/Dec would be the ETH bullrun with or without an ETF. ETF would be a great narrative for run.


I’m all about stacking satoshi’s not an ether fan, but I like investing in everything. I would buy dog shit for a dollar today if it’s gonna be 2 dollars tomorrow.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 15, 2024, 06:09:06 PM
Quote from: Mayday on May 14, 2024, 05:47:30 PM
It’s why it’s so hard to hit a new ATH in crypto in 2nd or 3rd cycles. Once it has an ATH we know where the bar is set for trapped buyers. They will dump hard as soon as price gets close.

BTC hit an ATH by +7% and whales were dumping like crazy into the ETF buyers. Now everyone praying ‘the next pump is a week away and will go to 100k for sure’. Yet we know at 74k the sell pressure comes in again, maybe you get to 75k next time 🤔

Solana was the only existing coin coming close to its prior ATH and trapped people dumped before the ATH so it couldn’t get there.

Meanwhile new stuff on Solana and ETH hit ATH like crazy because nobody knows what the top will be and this is where all the Degens are buying.
Actually, BNB and ETH both came closer to their ATH prices recently.

Solana reached 77% of its ATH price: $201 / $259

BNB reached 90% of its ATH price: $631 / $699

ETH reached  83% of its ATH price: $4,067 / $4,891

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 15, 2024, 06:11:00 PM
Quote from: SouJerz on May 15, 2024, 08:53:44 AM

DAMNNNN!  Shots fired at Obsidian!
LOL - I love the ETH FUD. Prices rise when something is oversold or there's extreme negative sentiment. You need to become worried when your grandmother is talking about Solana or Ethereum  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 15, 2024, 06:48:42 PM
Quote from: Flexacon on May 11, 2024, 01:41:29 PM
Pointed these things out on here a long time ago.

Doesn't matter any more. Blackrock and tradfi will strong arm an unpopular solution through to handle the issue. By then Maxis will either be too wealthy to care or a small minority that no ones pays any attention too.

An example of a solution might be to fork bitcoin, make all undeclared and non KYC bitcoin illegal/worth $0 and then if needed eventually double the supply.

Study the gold reserve act 1934
You're assuming the USA will still be the bully able to push the agenda everywhere. I see the US as an entity that will collapse. You can see it crumbling from the inside out.

Doing the forking / supply increase as you suggested would destroy the Bitcoin narrative. What does it offer besides being the first mover, the catchy name, and 21 million cap? That's the selling point.

Quote from: Flexacon on May 15, 2024, 07:52:17 AM
I bought something down 99%. I'm a legit whale and advisor to the project now  :D

You need to think of ETH as something that did a stock split because that's basically been the effect of L2s

ETH maxis putting their hopes into the ETF will be left scratching their heads if/when it gets approved (but without staking rewards) and does almost nothing for the price.
L2s is Ethereum's solution for scaling. Solana chose to do all the transactions on L1. How's that working out recently?

Bitcoin will also need L2s to be able to scale. And it has the mining / halving question.

Nothing is perfect. It is a tricky problem to solve: Maintain Decentralization & Scale.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 15, 2024, 07:07:19 PM
Quote from: Mayday on May 11, 2024, 03:47:16 PM
Ponder what the powers that be want and that’s the answer.

That’s why I gave my nightmare scenario.

Wall St now control the largest inflows/outflows. The US is the largest player in mining and shortly will control the network. It’s end game now for the leaders who want to use blockchain to remove freedom and privacy.

Think of those evil movies where the innocent must go willingly to the devil. CBDC are coming and the innocent must willingly give up their privacy……. This is the game being played at the moment.

EDIT I forgot to add, the largest energy event in our lifetime will occur inside of 6yrs (likely inside the next 2-3 which will dwarf the Global Lockdown impact at a sustained level. Saylor and maxis are betting against this, personally I’m betting on the Overlords to win, not the maxis.
Well, that sure makes me want BTC more... NOT! The US National debt will soon reach $35 trillion. Total US debt already passed $100 trillion. These morons will fuckup Bitcoin just like they fucked everything else.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 15, 2024, 07:28:28 PM
Quote from: obsidian on May 15, 2024, 06:48:42 PM
You're assuming the USA will still be the bully able to push the agenda everywhere. I see the US as an entity that will collapse. You can see it crumbling from the inside out.

The USA is holding the rest of the world hostage with the dollar and there is nothing that anyone else can do to change that. Remember BRICKS, yeah no one does

Doing the forking / supply increase as you suggested would destroy the Bitcoin narrative. What does it offer besides being the first mover, the catchy name, and 21 million cap? That's the selling point.

Being Blackrock approved and not some maxi narrative is what will matter to people (money mangers) who have the real money. They'll eat whatever narrative Blackrock decideds to feed them

L2s is Ethereum's solution for scaling. Solana chose to do all the transactions on L1. How's that working out recently?

Bitcoin will also need L2s to be able to scale. And it has the mining / halving question.

Nothing is perfect. It is a tricky problem to solve: Maintain Decentralization & Scale.


You still miss the point and it's not about which L1 or L2 is better. The money to be made from ETH over the last 12-18 months wasn't holding and staking for 5% and it won't be from the ETF, it was providing ETH liquidity to the new L2s and restaking protocols.

People who knew that (mostly ETH whales) have already cashed in this cycle. Any ETH price appreciation now is just a bonus for them. Meanwhile the rest of the ETH community are waiting patiently for their turn to pump whilst being completely oblivious to the ETH ecosystem having been milked dry already.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 15, 2024, 07:52:35 PM
Quote from: Flexacon on May 15, 2024, 07:28:28 PM

You still miss the point and it's not about which L1 or L2 is better. The money to be made from ETH over the last 12-18 months wasn't holding and staking for 5% and it won't be from the ETF, it was providing ETH liquidity to the new L2s and restaking protocols.

People who knew that (mostly ETH whales) have already cashed in this cycle. Any ETH price appreciation now is just a bonus for them. Meanwhile the rest of the ETH community are waiting patiently for their turn to pump whilst being completely oblivious to the ETH ecosystem having been milked dry already.
Just like Saylor is willing to ride Bitcoin to zero so am I.

Ethereum has more long term hodlers than Bitcoin now. And more wallets. And new wallets are being added. As I mentioned, there's a lot of ETH FUD going around. Perhaps it is Blackrock and others trying to suppress the price so they can get in on a lower floor. I don't think $4,000 was the high for Ethereum in this cycle. But we'll see how it all shakes out.

You seem to be optimistic about the dollar's future. The rest of the world is growing tired of allowing the USA to pass its debt on to everyone else. That party is going to end. And when it does you'll see the price of everything going up.

https://nairametrics.com/2024/05/06/ethereum-blockchain-adds-267000-fresh-wallets-beating-two-year-record/

Ethereum blockchain adds 267,000 fresh wallets beating two year record

Ethereum has recorded a significant surge in new wallet creations, adding a staggering 267,000 new wallets to the platform. This recent influx marks the highest number of new wallets recorded in over two years, signifying a massive resurgence in interest in the Ethereum ecosystem by crypto users.

https://www.baltictimes.com/ethereum_s_record_number_of_hodlers_downgrades_bitcoin_to_second_place/

Ethereum’s record number of hodlers downgrades Bitcoin to second place

According to IntoTheBlock data, addresses that have held Ether for more than 12 months currently make up 72% of all Ethereum holders, reaching the highest level since 2018. At the moment, Ethereum counts approximately 73.9 million long-term holders, after a 44.2% increase, while Bitcoin’s holder figures stand at 33.6 million. 

Hodlers play an important role in the health and performance of digital assets. Coins backed by a large number of holders tend to be less susceptible to market volatility and are generally perceived as more resilient and trustworthy. So, the fact that Ethereum’s holder community is growing is certainly a positive development for the network.

In addition, Ethereum also outclasses Bitcoin in terms of whales, which refers to persons or entities that own a large amount of a single cryptocurrency, between 1000 and 10,000 coins. By the latest count, the number of Ethereum whale addresses has recently reached 5,370, marking a 12% yearly increase, while Bitcoin whale wallets amount to 1,920.

This proves that Bitcoin is not the only coin boasting record-breaking performances in the cryptocurrency ecosystem. Ethereum outshines the original crypto in many ways, so even though there’s still a huge price discrepancy between the two, the top altcoin continues to attract an increasing number of investors.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on May 15, 2024, 08:01:52 PM
DOGE TO A DOLLAR!!

My cousin just got back from visiting El Salvador and said someone at the supermarket paid for groceries with Bitcoin only took about 15 mins to find the machine to process the transaction and then figure out how to use the machine. 

What about quantum computers and being able to hack Bitcoin?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 15, 2024, 08:16:22 PM
Quote from: obsidian on May 15, 2024, 07:52:35 PM
Just like Saylor is willing to ride Bitcoin to zero so am I.

Ethereum has more long term hodlers than Bitcoin now. And more wallets. And new wallets are being added. As I mentioned, there's a lot of ETH FUD going around. Perhaps it is Blackrock and others trying to suppress the price so they can get in on a lower floor. I don't think $4,000 was the high for Ethereum in this cycle. But we'll see how it all shakes out.

You seem to be optimistic about the dollar's future. The rest of the world is growing tired of allowing the USA to pass its debt on to everyone else. That party is going to end. And when it does you'll see the price of everything going up.

https://nairametrics.com/2024/05/06/ethereum-blockchain-adds-267000-fresh-wallets-beating-two-year-record/

Ethereum blockchain adds 267,000 fresh wallets beating two year record

Ethereum has recorded a significant surge in new wallet creations, adding a staggering 267,000 new wallets to the platform. This recent influx marks the highest number of new wallets recorded in over two years, signifying a massive resurgence in interest in the Ethereum ecosystem by crypto users.

https://www.baltictimes.com/ethereum_s_record_number_of_hodlers_downgrades_bitcoin_to_second_place/

Ethereum’s record number of hodlers downgrades Bitcoin to second place

According to IntoTheBlock data, addresses that have held Ether for more than 12 months currently make up 72% of all Ethereum holders, reaching the highest level since 2018. At the moment, Ethereum counts approximately 73.9 million long-term holders, after a 44.2% increase, while Bitcoin’s holder figures stand at 33.6 million. 

Hodlers play an important role in the health and performance of digital assets. Coins backed by a large number of holders tend to be less susceptible to market volatility and are generally perceived as more resilient and trustworthy. So, the fact that Ethereum’s holder community is growing is certainly a positive development for the network.

In addition, Ethereum also outclasses Bitcoin in terms of whales, which refers to persons or entities that own a large amount of a single cryptocurrency, between 1000 and 10,000 coins. By the latest count, the number of Ethereum whale addresses has recently reached 5,370, marking a 12% yearly increase, while Bitcoin whale wallets amount to 1,920.

This proves that Bitcoin is not the only coin boasting record-breaking performances in the cryptocurrency ecosystem. Ethereum outshines the original crypto in many ways, so even though there’s still a huge price discrepancy between the two, the top altcoin continues to attract an increasing number of investors.

I've been bullish on the USA and the dollar for a long time, only because I wanted to be on the winning team. They keep winning and fading it just hurts those that do.

You still miss the point. You've gone now from Sol comparison to BTC.

The point is only about ETH and the ETH ecosystem only. If your ETH play is to buy, hold, stake and wait for the ETF which is what most have been doing then it was the wrong set up. The ETH set up was to buy/hold and provide liquidity for L2s, and restaking. That was gravy train and it has already left the station.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 16, 2024, 03:32:54 AM
Quote from: Flexacon on May 15, 2024, 07:43:08 AM
SPX back at all time high with the turn around/up only literally starting at the point highlighted above. Even the biggest markets are gamed and yet people still believe in fundamental trading LMAO.

This is looking bullish crypto as DXY has finally started dropping too, close to breaking a treandline soon and if that happens it could be lambo time.

Shows you nobody knows what the CPI number actually means, it’s flat and we rally to ATH 😂

I closed my China ETF position yesterday for +27% in 2 months. That was a nice one when people told me it’d be dog shit.

It’s great to see BTC bounce. I figured 68k after we hit the lows. I have one pattern for every ATH from 2011 which allows for an ATH in July but I still have it 76k bound.

We had euphoria leading up to the top. That was the 1M talk, people talking of no coiners being lower in society etc.. Then we got anger after 74k as people were underwater. Now we have bargaining where 99% in my feed are quoting 90k targets because that’s only +50%…… we aren’t even above 70k and people are gloating over anyone bearish 🤦 

Over 4yrs we have 65k-69k-74k. Even the dumbest of retards would look at that and assume 79k is next top.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on May 16, 2024, 05:09:20 AM
People love pulling outrageous and conveniently round numbers out of their ***. I can't say that I am an exception to that rule ;)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 16, 2024, 05:53:44 AM
Quote from: obsidian on May 15, 2024, 07:07:19 PM
Well, that sure makes me want BTC more... NOT! The US National debt will soon reach $35 trillion. Total US debt already passed $100 trillion. These morons will fuckup Bitcoin just like they fucked everything else.

Does it matter is the question. Look at most markets, operate buyers and sellers betting against themselves, nothing to do with valuing the company. Who cares who mines BTC when 100% are only in it to make money.

Who cares about the debt. Everyone else is rotten. USD strongest in decades. Oz Budget came out and people went apeshit over all sorts of things. Meanwhile I grabbed some specific data, reverse engineered their model and can see the RBA are planning for an energy shock in 2025 with 7.5% rates in 2027-28. Property will continue

A liquidity shock in credit markets and an energy shock should be fun.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 16, 2024, 06:47:29 AM
Quote from: Flexacon on May 15, 2024, 08:16:22 PM
I've been bullish on the USA and the dollar for a long time, only because I wanted to be on the winning team. They keep winning and fading it just hurts those that do.

You still miss the point. You've gone now from Sol comparison to BTC.

The point is only about ETH and the ETH ecosystem only. If your ETH play is to buy, hold, stake and wait for the ETF which is what most have been doing then it was the wrong set up. The ETH set up was to buy/hold and provide liquidity for L2s, and restaking. That was gravy train and it has already left the station.
It depends on your timeline. Go look at the charts and zoom out. You're calling doom and gloom and painting a rosy picture for the dollar which is doomed.

I made no play. I mined ETH for 4 years and bought some tokens 4 years ago. I made one trade when Elon was pumping Doge. I sold around 6 ETH and bought around 293,000 Doge with it. Then the price started going up to the point where, within a day, I could sell half of the Doge and buy back my original 6 ETH. If I had waited a few months longer I could have sold all that Doge for 45 ETH, or 3 BTC. All thanks to Elon - lol! Timing is the tricky part.

Here's the ETH chart. Just like Bitcoin and any other cryptocurrency it's seen ups and downs. But overall the trend is up relative to the dollar. I am not a day trader. I couldn't care less what it does from day to day. If it crashes 25%, or even 50%. Makes no difference to me. If it goes to $5000 I might sell 2-4 ETH but that's it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 16, 2024, 06:51:38 AM
Quote from: Mayday on May 16, 2024, 05:53:44 AM
Does it matter is the question. Look at most markets, operate buyers and sellers betting against themselves, nothing to do with valuing the company. Who cares who mines BTC when 100% are only in it to make money.

Who cares about the debt. Everyone else is rotten. USD strongest in decades. Oz Budget came out and people went apeshit over all sorts of things. Meanwhile I grabbed some specific data, reverse engineered their model and can see the RBA are planning for an energy shock in 2025 with 7.5% rates in 2027-28. Property will continue

A liquidity shock in credit markets and an energy shock should be fun.
USD is only strong because it has been the reserve currency. Those days are numbered. Russia is much more sensible with its debt. And they have politicians like Putin who's lightyears better than the pathetic swamp creatures we have here in DC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on May 16, 2024, 07:54:33 AM
Quote from: obsidian on May 16, 2024, 06:47:29 AM
It depends on your timeline. Go look at the charts and zoom out. You're calling doom and gloom and painting a rosy picture for the dollar which is doomed.

I made no play. I mined ETH for 4 years and bought some tokens 4 years ago. I made one trade when Elon was pumping Doge. I sold around 6 ETH and bought around 293,000 Doge with it. Then the price started going up to the point where, within a day, I could sell half of the Doge and buy back my original 6 ETH. If I had waited a few months longer I could have sold all that Doge for 45 ETH, or 3 BTC. All thanks to Elon - lol! Timing is the tricky part.

Here's the ETH chart. Just like Bitcoin and any other cryptocurrency it's seen ups and downs. But overall the trend is up relative to the dollar. I am not a day trader. I couldn't care less what it does from day to day. If it crashes 25%, or even 50%. Makes no difference to me. If it goes to $5000 I might sell 2-4 ETH but that's it.

what are you buying with the 4 ETH? re-investing or vaca?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 16, 2024, 07:59:00 AM
Quote from: obsidian on May 16, 2024, 06:47:29 AM
It depends on your timeline. Go look at the charts and zoom out. You're calling doom and gloom and painting a rosy picture for the dollar which is doomed.

I made no play. I mined ETH for 4 years and bought some tokens 4 years ago. I made one trade when Elon was pumping Doge. I sold around 6 ETH and bought around 293,000 Doge with it. Then the price started going up to the point where, within a day, I could sell half of the Doge and buy back my original 6 ETH. If I had waited a few months longer I could have sold all that Doge for 45 ETH, or 3 BTC. All thanks to Elon - lol! Timing is the tricky part.

Here's the ETH chart. Just like Bitcoin and any other cryptocurrency it's seen ups and downs. But overall the trend is up relative to the dollar. I am not a day trader. I couldn't care less what it does from day to day. If it crashes 25%, or even 50%. Makes no difference to me. If it goes to $5000 I might sell 2-4 ETH but that's it.

Holding something is a "play" and I never said trading anything was the "play".

You hold ETH, transfer onto the L2 and leave it there. This is providing liquidity. The L2 airdrops you a bunch of their tokens. You sell their tokens and you remove your ETH/liquidty. You put your ETH to work for you, got it all back and made mucho bucks

You hold ETH which you stake. You then put your staked ETH in a restaking protocol. They give you crazy yield and/or points (thanks rehypothecation). You cash out your yeild/points and take back your staked ETH. You put your ETH to work for you, got it all back and made mucho bucks

This was the gravy train. It had nothing to do with Sol, Btc or trading and circling back to my original point, ETH ETF matters very little to those ETH HOLDERS who took the above steps.

Quote from: obsidian on May 16, 2024, 06:51:38 AM
USD is only strong because it has been the reserve currency. Those days are numbered. Russia is much more sensible with its debt. And they have politicians like Putin who's lightyears better than the pathetic swamp creatures we have here in DC.

You are thinking about the USD in linear terms. It's not about how strong the USD is, a weaker dollar is actually preferential. It's about control through USD on a global scale and in that regards USD/USA has never been stronger.

Fixating on politics and politicians is a waste of time as it doesn't change any of this.

Ironically some believe bitcoin saves you from this tyranny and that's why we have this thread with 10k posts
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on May 16, 2024, 08:10:21 AM
I for one welcome our new Chinese overlords!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 16, 2024, 03:28:05 PM
Quote from: obsidian on May 16, 2024, 06:51:38 AM
USD is only strong because it has been the reserve currency. Those days are numbered. Russia is much more sensible with its debt. And they have politicians like Putin who's lightyears better than the pathetic swamp creatures we have here in DC.

It’s strong because the US is strong. I’d prefer to be on the side who is winning.

Japan went to 236% debt to GDP. The rest of us are around 120%. Even on the current rate of spend when I did quick numbers we can get out to 2050 no sweat. That’s 25yrs+ ahead of people being wrong, talking of US collapse.

It’s no different to CPI and employment data, the masses dont want to spend the time to understand it so they say it’s fake. We have 8yrs left. That’s a lot of time to be incredibly wrong about economics. Go pull news articles from the late 40s/early 50s. Go pull news articles from the early 70s/ early 80s.

The question I asked myself in 2020 was what did people say, feel, do in these cycles. The data sets won’t answer that so I pulled archived media. The articles written in the 40s/50s read like they are taking place today. Then Consider what followed these cycles was the biggest tech Booms of their generation.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 16, 2024, 06:36:20 PM
Quote from: Flexacon on May 16, 2024, 07:59:00 AM
Holding something is a "play" and I never said trading anything was the "play".

You hold ETH, transfer onto the L2 and leave it there. This is providing liquidity. The L2 airdrops you a bunch of their tokens. You sell their tokens and you remove your ETH/liquidty. You put your ETH to work for you, got it all back and made mucho bucks

You hold ETH which you stake. You then put your staked ETH in a restaking protocol. They give you crazy yield and/or points (thanks rehypothecation). You cash out your yeild/points and take back your staked ETH. You put your ETH to work for you, got it all back and made mucho bucks

This was the gravy train. It had nothing to do with Sol, Btc or trading and circling back to my original point, ETH ETF matters very little to those ETH HOLDERS who took the above steps.

You are thinking about the USD in linear terms. It's not about how strong the USD is, a weaker dollar is actually preferential. It's about control through USD on a global scale and in that regards USD/USA has never been stronger.

Fixating on politics and politicians is a waste of time as it doesn't change any of this.

Ironically some believe bitcoin saves you from this tyranny and that's why we have this thread with 10k posts
Interesting post. Thanks for sharing. Out of curiosity, on which service provider did you transfer ETH to L2. Isn't that a taxable event? My goal is to avoid paying taxes as much as possible.

I know there are many ways to make more (and lose) money than sitting on big market cap tokens like BTC and ETH. At least staking ETH is better than doing nothing. We'll see how it all shakes out in the long run. The ETH FUD is strong right now. We have been through all this before. I think Ethereum is in a great spot and the L2s are gaining traction. Coinbase's Base does not have a token. And I don't think they plan to have one anytime soon. Ethereum is the native token for Base.

https://help.coinbase.com/en/coinbase/other-topics/other/base

Does Coinbase have future plans for a native token on Base?
We currently do not plan to issue a new network token. ETH will be our native gas token. Be aware that scammers may send fake Base tokens. Avoid interacting with them.

https://www.ccn.com/news/crypto/coinbase-layer-2-home-run-franklin-templeton/

Coinbase Layer 2 is a “Home Run”: Franklin Templeton

KEY TAKEAWAYS
- Franklin Templeton praises Coinbase’s Base platform for leading the SocialFi sector.
- The Base layer 2 prioritizes security and aims for mass adoption with EVM and USDC integration.
- Coinbase holds substantial USDC assets and is actively promoting its adoption on Base.

Investment firm Franklin Templeton, has lauded the progress and expansion of Base, Coinbase’s Ethereum layer 2 scaling solution.

The company said  Base had hit a “home run” due to its adoption in memecoins and social finance applications, including Friend.tech.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 16, 2024, 06:39:27 PM
Quote from: SouJerz on May 16, 2024, 07:54:33 AM
what are you buying with the 4 ETH? re-investing or vaca?
Pay for tech toys. I love computers and have many machines going back decades. I never sell my computers. I still have an original IBM XT with green monitor. The box has dents in it. I need to get it fixed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 16, 2024, 06:43:16 PM
Quote from: Mayday on May 16, 2024, 05:53:44 AM
Who cares who mines BTC when 100% are only in it to make money.
It will matter if big enough bombs blow up a mining facility or two. Or a strategic fire. What about a dozen drones? At some point, they will probably have to increase security at Bitcoin mining facilities and add air defenses... A few rocket launchers would not be too expensive to cause major damage.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 16, 2024, 06:47:20 PM
Quote from: Mayday on May 16, 2024, 03:28:05 PM
It’s strong because the US is strong. I’d prefer to be on the side who is winning.

Japan went to 236% debt to GDP. The rest of us are around 120%. Even on the current rate of spend when I did quick numbers we can get out to 2050 no sweat. That’s 25yrs+ ahead of people being wrong, talking of US collapse.

It’s no different to CPI and employment data, the masses dont want to spend the time to understand it so they say it’s fake. We have 8yrs left. That’s a lot of time to be incredibly wrong about economics. Go pull news articles from the late 40s/early 50s. Go pull news articles from the early 70s/ early 80s.

The question I asked myself in 2020 was what did people say, feel, do in these cycles. The data sets won’t answer that so I pulled archived media. The articles written in the 40s/50s read like they are taking place today. Then Consider what followed these cycles was the biggest tech Booms of their generation.
USA Winning! You won't see this in Russia or China.









Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 16, 2024, 06:50:04 PM
Quote from: obsidian on May 16, 2024, 06:47:20 PM
USA Winning! You won't see this in Russia or China.











MSM lying again? Read the comments...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on May 16, 2024, 08:15:21 PM
Quote from: obsidian on May 16, 2024, 06:39:27 PM
Pay for tech toys. I love computers and have many machines going back decades. I never sell my computers. I still have an original IBM XT with green monitor. The box has dents in it. I need to get it fixed.

Sweet I still have an old 486dx2 66mhz pc.  Save all that stuff dude could be collectible some day.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 16, 2024, 08:38:35 PM
Quote from: obsidian on May 16, 2024, 06:43:16 PM
It will matter if big enough bombs blow up a mining facility or two. Or a strategic fire. What about a dozen drones? At some point, they will probably have to increase security at Bitcoin mining facilities and add air defenses... A few rocket launchers would not be too expensive to cause major damage.

Which leads back to my nightmare scenario. Something goes horribly wrong to rug pull the masses. The result is the innocent go freely to the devil in giving up their privacy.


Quote from: obsidian on May 16, 2024, 06:47:20 PM
USA Winning! You won't see this in Russia or China.











You really think Russia, with an average income 40x LOWER than the US has no shitholes 😂?

China did awesome in infrastructure building. 10/10. They have shitholes. Loads of them.

We can only understand and change our current circumstance. Everything else is noise we can’t understand the validity of nor solve.

I have NFI about homeless in the US other than a YouTube video.  But hey, I guess your views are working out great and you have left the US for Russia for a better life?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 16, 2024, 08:40:08 PM
Quote from: SouJerz on May 16, 2024, 08:15:21 PM
Sweet I still have an old 486dx2 66mhz pc.  Save all that stuff dude could be collectible some day.

I used to play on a mates Olivetti with green screen. We had an XT. First game was leisure suit Larry lol. PC progress was awesome, new faster stuff every 3 months.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 17, 2024, 03:37:22 AM
Quote from: SouJerz on May 16, 2024, 08:15:21 PM
Sweet I still have an old 486dx2 66mhz pc.  Save all that stuff dude could be collectible some day.
I plan on saving it. My parents bought it new back in the day. I learned to use a computer on it. I even did some animations with the XT back in the day. Not sure where I saved it. It was an animation of Italy kicking Sicily and then it turns into a soccer ball. It looked nice actually. I used a satellite photo to make it look realistic. The camera zoomed out to show the Earth with the soccer ball flying off into space - lol! It had a Hercules card and then eventually a VGA card with more colors.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 17, 2024, 03:42:26 AM
Quote from: Mayday on May 16, 2024, 08:40:08 PM
I used to play on a mates Olivetti with green screen. We had an XT. First game was leisure suit Larry lol. PC progress was awesome, new faster stuff every 3 months.
I remember LL. I showed the game to my older brother. He also played it at work. I told him check this out: "Larry, lie on the bed with the girl". He said WTF! "Larry, fuck the girl!".  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 17, 2024, 03:47:16 AM
Quote from: Mayday on May 16, 2024, 08:38:35 PM
Which leads back to my nightmare scenario. Something goes horribly wrong to rug pull the masses. The result is the innocent go freely to the devil in giving up their privacy.


You really think Russia, with an average income 40x LOWER than the US has no shitholes 😂?

China did awesome in infrastructure building. 10/10. They have shitholes. Loads of them.

We can only understand and change our current circumstance. Everything else is noise we can’t understand the validity of nor solve.

I have NFI about homeless in the US other than a YouTube video.  But hey, I guess your views are working out great and you have left the US for Russia for a better life?
Not on that scale. Even bums are better off than these drugged-up junkies / zombies.

https://finance.yahoo.com/news/billionaire-investor-ray-dalio-warns-115219371.html

Billionaire investor Ray Dalio warns U.S. is ‘on the brink’ and estimates a more than 1 in 3 chance of civil war

Billionaire investor Ray Dalio believes the chances of a second American Civil War stand better than one out of three and is urging investors to move part of their assets out of the country.

Dalio, who founded the world’s largest hedge fund Bridgewater Associates before relinquishing control in September 2022, believes this year’s presidential election between incumbent Joe Biden and challenger Donald Trump is the most important one of his lifetime and be serve as a litmus test that determines whether risks spiral out of control.

“We are now on the brink,” he told the Financial Times in an interview published on Thursday, estimating the probability of strife erupting at somewhere between 35% to 40%.

Civil war seemed inconceivable only a few years ago. But the Jan. 6 scenes of angry mobs sacking the Capitol—beamed into living rooms and narrated by a British ITV news team in real time—were all too reminiscent of political revolts in third world countries.

The idea of a “national divorce”, proposed last year by Congresswoman Marjorie Taylor Greene, has since been brought to the silver screen by director Alex Garland in the simply named Civil War released in April. A Rasmussen poll conducted shortly thereafter suggested 41% of likely U.S. voters believe they will experience a civil war sometime in the next five years.

November’s election and the reactions to it will play a crucial role in determining whether the system can still heal itself—or pessimistic U.S: voters are right.

“Will there be an acceptance of the rules and an ability to work well under those rules?” the Bridgewater founder asked.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 17, 2024, 05:39:44 AM
Quote from: obsidian on May 16, 2024, 06:36:20 PM
Interesting post. Thanks for sharing. Out of curiosity, on which service provider did you transfer ETH to L2. Isn't that a taxable event? My goal is to avoid paying taxes as much as possible.

I know there are many ways to make more (and lose) money than sitting on big market cap tokens like BTC and ETH. At least staking ETH is better than doing nothing. We'll see how it all shakes out in the long run. The ETH FUD is strong right now. We have been through all this before. I think Ethereum is in a great spot and the L2s are gaining traction. Coinbase's Base does not have a token. And I don't think they plan to have one anytime soon. Ethereum is the native token for Base.


Arbitrum, received ARB tokens. but there were at least 5 other decent ones, probably closer to a dozen all together. You don't need to sell as you can just continue holding them. Taiko L2 is probably the next one to do it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on May 17, 2024, 10:11:37 AM
Quote from: obsidian on May 17, 2024, 03:47:16 AM
Not on that scale. Even bums are better off than these drugged-up junkies / zombies.

https://finance.yahoo.com/news/billionaire-investor-ray-dalio-warns-115219371.html

Billionaire investor Ray Dalio warns U.S. is ‘on the brink’ and estimates a more than 1 in 3 chance of civil war

Billionaire investor Ray Dalio believes the chances of a second American Civil War stand better than one out of three and is urging investors to move part of their assets out of the country.

Dalio, who founded the world’s largest hedge fund Bridgewater Associates before relinquishing control in September 2022, believes this year’s presidential election between incumbent Joe Biden and challenger Donald Trump is the most important one of his lifetime and be serve as a litmus test that determines whether risks spiral out of control.

“We are now on the brink,” he told the Financial Times in an interview published on Thursday, estimating the probability of strife erupting at somewhere between 35% to 40%.

Civil war seemed inconceivable only a few years ago. But the Jan. 6 scenes of angry mobs sacking the Capitol—beamed into living rooms and narrated by a British ITV news team in real time—were all too reminiscent of political revolts in third world countries.

The idea of a “national divorce”, proposed last year by Congresswoman Marjorie Taylor Greene, has since been brought to the silver screen by director Alex Garland in the simply named Civil War released in April. A Rasmussen poll conducted shortly thereafter suggested 41% of likely U.S. voters believe they will experience a civil war sometime in the next five years.

November’s election and the reactions to it will play a crucial role in determining whether the system can still heal itself—or pessimistic U.S: voters are right.

“Will there be an acceptance of the rules and an ability to work well under those rules?” the Bridgewater founder asked.


LOL Jan. 6th.  That’s hilarious.  I remember being at work and all the females were going “oh my god what is going on?!?!?!”  Like alien motherships were landing on the planet.  lol so brave. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 17, 2024, 03:48:58 PM

Unfortunately another of my prophecies has come true 😞

I said years back I expected 500-600k tokens available in the next run.

Last week there were 130k meme coins created. This is the death of the alt space as it offerings explode much faster than people can buy. This is the stuff which kills alt seasons, while you see alt market cap increase all around you is rug pulls and only a chosen handful actually go anywhere which likely you aren’t in.

This makes the case to go back to BTC.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 20, 2024, 01:35:08 PM
Quote from: Flexacon on April 30, 2024, 08:08:30 PM
Ironically a surprise ETH ETF approval might be the one thing that steadies price action. SEC has gone full retard, so any craziness is still possible there. Going after ETH/denying ETH ETF and at the same time they look likely to approve leveraged ETH futures ETFs in June. They might as well have a potato in charge.

Oh boy  :P
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 20, 2024, 01:40:49 PM
Quote from: Flexacon on May 20, 2024, 01:35:08 PM
Oh boy  :P

Boing!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 20, 2024, 01:41:16 PM
Quote from: Flexacon on May 20, 2024, 01:35:08 PM
Oh boy  :P

Bloomberg now increasing the odds of ETH ETF approval to 75% from previous 25%.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on May 20, 2024, 02:19:46 PM
THE FALL OF EUROPE IS A DONE DEAL, RUSSIA HAS NOTHING TO DO WITH IT…AND AMERICA ISN’T FAR BEHIND

The EU is destined to fall apart and be balkanized, once again.

A combination of demographic implosion and desperate immigration policies has, at this point, baked in a clash of civilizations.

And the ancient tribes of Europe—whether Italian, Scandinavian, German,Spanish, French, English or Irish—are losing.

Western Europe is in crisis, and the current Russia-Ukraine war, while devastating in its internecine loss of life, provoked by deeply cynical U.S. interests, isn’t really the crux of Europe’s problem.

Its demise owes to a generations-long malaise of civilizational confidence, and an ongoing lack of will to invoke and defend policies that would preserve and continue that civilization.

As a result, more frequent and persistent fires of chaos are now breaking out in nation after nation.

This past week alone, there were massive protests and controversies over immigration in multiple Euro nations.

To survey the latest…

Ireland:

A massive protest against government immigration policies saw protestors shut down the center of Dublin, with crowds chanting “Ireland for the Irish!”, according to Breitbart, Euronews and others. The movement has grown as “shantytowns” of supposed asylum seekers have overrun small towns and large cities. Authorities have admitted the sheer numbers are overwhelming any ability to provide services.

Canadian outlet Rebel News was there at the protest, taking footage and conducting interviews with fed up Irish natives.

Rebel News previously provided frontline coverage of the authoritarian 2022 crackdown against the Truckers Convoy Covid shot mandate protest. A court judgment has since found that PM Justin Trudeau’s regime acted illegally in invoking the country’s “Emergency Powers Act” to crush that protest.

England:

Controversy erupted this week, on the heels of several reports of detrimental impacts of immigration. One study, by the Centre for Policy Studies (CPS) co-written by former immigration minister Robert Jenrick, showed the country is not benefiting, but losing out massively from uncontrolled immigration.

The country has been in recession despite the second highest net population growth in the Euro region (accomplished via an influx of migrants). And GDP per person has dropped by 0.8 per cent, well below the G7 average of 1.2 per cent.

The report also found that Middle Eastern, North African and Turkish immigrants of working age were about twice twice as prone to be “economically inactive” as native-born Britons. In a typical response, British media suppressed coverage of the study, with reporters at the government outlet BBC fearing being branded as racist for doing otherwise.

Meanwhile, Parliament member Dame Andrea Jenkyns highlighted troubling statistics that show each illegal immigrant in Britain costs the taxpayer £12,000 annually in public services. Jenkyns serves as Deputy Chairwoman of the European Research Group (ERG), and was Minister of State for Skills under the brief tenure of former Prime Minister Liz Truss.

Breitbart noted the annual tab adds up to a staggering 14 billion pounds. (“Illegal Migration Costs UK Taxpayer £14 Billion Per Year in Public Services,” 8 May 2024.)

Germany:

New stats show birth rates in Germany continue to plummet, as immigration is soaring. As for the births that are occuring, immigrant women are having more children than natives.

In just the past year, birthrates have fallen 6.2 percent.

Germany is in demographic decline, and especially so, when birth rates of native Germans are considered alone.

But the German population is soaring, due to an unending torrent of immigration which the government has acknowledged represents “record net immigration.”

Though Ukrainian and even Russian refugees have made up a large portion of recent immigrants, Turkish and Middle Eastern migrants remain close behind.

The most popular baby name in large cities like Hamburg right now? Mohammed.

The situation in neighboring Netherlands is just as dire. The Dutch Central Bureau for Statistics reported in 2023 that the fertility rate there had fallen to  1.49 children per woman. The rate needed for simple population stasis—not growth—is generally considered to be about 2.2 children per woman.

And there, as in Germany, a clash of civilizations is occurring on a near daily basis. This past week, there was video of large protests of muslims calling for Sharia law and the establishment of an Islamic Caliphate in the country, as noted by Geiger Capital and others.

That X account posted a quote from author, professor, and Evolutionary Behavioral Scientist Gad Saad on the seemingly strange lack of will of western societies to preserve their traditions or existence:

“Societies die when they care more about exhibiting infinite tolerance and empathy than invoking their own survival instinct.” –

@GadSaad”

France:

Reports from late April detailed how people-smuggling gangs along the French coastline are employing children as “human shields” to deter border enforcement by police.

One observer, Carol Heginbottom, who serves along the coastline of France as part of the U.K.’s Border Force Carol, described the chaos: 

“We’ve seen them [attack police] with sticks, metal bars, machetes, using women and children that are there to cross, using them as human shields to prevent law enforcement taking action.

“The violence that is now shown to our French colleagues trying to prevent the launches, trying to save people from putting their lives at risk, is huge. It’s growing, it’s getting worse and we need to continue to keep plugging away at stopping these organised criminal gangs that are putting people at risk.”

Late April also saw revelations that the French navy has been actively assisting migrants from Rwanda and elsewhere to navigate across the English channel to land on British shores, according to The Telegraph, Breitbart and others. (“Farage: French Navy ‘Working For the Traffickers’ by Assisting Migrants Cross English Channel,” 24 Apr 2024.)

Immigration Madness—and Mad As Hell Citizens

Across the spectrum of western countries, the natives are growing more restless.

In the U.S., even groups that previously have been more supportive of waves of illegal immigration, such as Hispanics, have taken an increasingly dim view of Biden era open borders.

Blacks in many urban areas are rebelling against the diversion of public resources from their communities to pay for housing and other subsidies for migrants.

As for Europe, the issue of illegal immigration has overtaken “climate change” as a top concern of citizens, according to a major new poll conducted by Alliance of Democracies.

That result is stunning, considering how pervasive climate alarmism is pushed as a concern among governments and MSM, while any talk of the negatives of mass immigration are routinely suppressed and vilified as xenophobia and racism.

The poll, which surveyed some 63 thousand people in 52 countries, found that Europeans had far higher rates of opposition to immigration than other regions.

While 16 percent globally expressed concerns about immigration, 50 percent of Europeans called it a major problem.

The organization noted on X:

Last year has seen a global rise in the share of people who say that migration & terrorism are among the world’s largest challenges, particularly among [Germany, Italy and France].

Want to know more about which challenges are on the rise? Access the full #DPI2024 report https://t.co/6nuiQpZ0oL  pic.twitter.com/W6leu8TrXg

— Alliance of Democracies (@AoDemocracies) May 8, 2024

Ominous Rhyme of History

In a rhyme of history that echoes the endtimes of the Roman Empire, countries at the eastern edge of “western” Europe have been the most stalwart, in attempting to preserve their countries from wholesale takeover by hordes of immigration.

The EU recently passed an immigration policy requiring member states to either accept thousands of migrants from “frontline” nations like Italy, Greece, and Spain, or offer financial or other resources, as reported by Breitbart. (“Exclusive — Chad Wolf: Joe Biden’s Immigration Policy Is Like the EU’s,” 1 May 2024.)

The new policy also speeds asylum applications.

Poland and Hungary strongly opposed the deal, saying it would only increase immigration and add to the current problems.

Russia, which has always had a foot in both west and East, due to its massive size and mix of ancient peoples, under President Vladimer Putin has also gone against the tide of demographic and cultural self immolation.

Putin has promoted policies to encourage and support Russians in having larger families, for example.

But EU and British policies have been hellbent on quite the opposite.

As a result, hollowed-out regions that were formerly centers of industry, artisanship and tourism, from Italy to France to the U.K., have seen massive migrant Replacism put forward by policy makers as the only viable path to saving Europe.

It isn’t working.

And America isn’t far behind in going down that self-destructive path, former Deputy of Homeland Security Chad Wolf argued in an exclusive obtained by Breitbart, posted on 1 May.

According to Wolf:

“When you look at the [immigration] issue here in the EU, for some time, it’s been a very liberal policy, allowing more and more individuals into EU member states, and, of course, you see that now, under President Biden, with the Biden administration’s policy in the United States.

“But, you know, just recently, I believe, the EU passed a migration pact of some sort. I see a lot of similarities between what they advocate in there and what President Biden’s administration is advocating for—this idea that you’re going to simply process more and more migrants instead of actually deterring them.”

Wolf’s remarks came while at CPAC Hungary, a political event which also saw Eva Vlaardingerbroek make a viral speech on the not-so-slow-motion civilizational collapse Europe is experiencing.

The magazine attempted to paint the huge increase of illegals as something contributing to a robust Bidenomics economy, as if that were a thing.

But it was forced to contemplate the reality that mostly low skilled immigrants flooding western countries from Australia to Europe to the U.S. were fueling inflation, lowering living standards, and ravaging government budgets:

“ America’s immigration surge means that its economy will be 2% larger over the next decade than had been forecast. The influx of workers also helps explain the country’s strong economic growth. But immigration’s impact goes well beyond an arithmetical effect on GDP—it extends to inflation, living standards and government budgets. And recent arrivals differ from previous ones in an important way: more are low-skilled.” 

What Explains the Madness?

The push by many governments and their elitist NGO influencers to force waves of immigration, after promoting depopulation policies for a generation on their native peoples, would seem hard to decode.

Why engage in policies that encourage less population growth, creating a crisis of dwindling civilizational and economic energy…then try to import masses of illegals to make up for it?

The answer may lie with a war not between the political left and right, but a war between elites and the only power base in history that has ever successfully clipped their power: the broad middle classes of western nations.

Pew Research from 2022 laid out the erosion of the middle class that has taken place since 1965 in America.

Sixty years ago, some 61 percent of Americans qualified as middle class, in terms of relative income and share of wealth.

But from 1971 to 2011, that percentage dropped gradually down to 50 percent.

This was an era when progressively more radical social and environmental movements critiqued cultural homogeneity and the raising of families as retrograde and even dangerous western hegemonic evils.

After leveling off for a decade, 2021 and the COVID War have seen a resumption in the erosion of the middle class, according to Pew.

In a time when evolving globalist cooperation, economic interconnection, together with rapidly advancing technological innovations were supposed to enlarge prosperity, the truth is inescapable: elites have benefited far more than any other group.

Are the policies they have relentlessly backed been just a horrible accident?

Or have those policies constituted a highly effective (and statistically unarguable) assault on the only other class that has threatened their power and prerogatives?

To sum up the current crisis, elites are largely succeeding in shrinking and decimating the numbers and political power of broad middle classes in virtually every western nation and region.

Their relentless promotion and support of policies that have inculcated civilizational self-doubt and guilt, over everything from “climate change” to “white privilege”, to desires to live in relative economic and social freedom, have created chronic societal dysfunction and dysphoria.

Average people have been goaded into warring against each other more viciously than ever in political factionalism, instead of seeing the manipulations from above, eroding the wealth and power of the broad base of both left and right—whether labor union members, or small businesses and the millions of people who still earn their livelihood via that sector of western economies.

Political power, in other words, isn’t so much shifting right to left or left to right, as it is from middle to top.

The result is a simpler and more controllable neo-feudalism.

On the bottom, a larger and larger chaotic, indistinct, and fundamentally incohesive underclass continues to swell, sold on an ersatz “diversity”, while meanwhile experiencing a relentless grinding down of actual rights, power and prosperity.

That underclass is anesthetized on sports, video gaming, social media obsessions via their phones and virtual pursuits.

By destroying the self-confidence of western cultures, while promoting chaotic migrations into vestiges of strongholds where broad portions of people experienced relative political agency and economic prosperity, the “royals” who have always existed at every point of history, have turned back the clock on the tides that saw, for a few hundred years at least, their power wane.

The age from the Magna Carta, but especially from the fall of monarchies across Europe in the 19th century, and the rise of democratic states, led by the American experiment, is in its death throes.

A technologically enforced new age of Elite Eternals, bent on hoarding privilege and power to a very few, while hollowing out and ruthlessly stamping their boot on the face of the rest of humanity, to paraphrase Orwell, is the mark of the new age.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on May 20, 2024, 02:48:35 PM
ETH  $3,593!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on May 20, 2024, 03:08:38 PM
Quote from: Mayday on May 20, 2024, 01:40:49 PM
Boing!

So what does your crystal ball say Mayday?  If we get this Ether ETF do we get a new all time high?  How much?  And when does it fizzle?  If it plays out like the BTC ETF.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 20, 2024, 03:39:00 PM
Quote from: SouJerz on May 20, 2024, 02:48:35 PM
ETH  $3,593!
Crazy how fast it pumps. It's at $3,651 now and up over 18% for the day. I checked ultrasoundmoney and it's gone deflationary again the past few hours.

There are rumors Biden (His handlers, not him. He does not know if he is coming or going...) might relax on crypto to counter Trump's pro-crypto stance.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 20, 2024, 03:46:43 PM
https://coingape.com/spot-ethereum-etf-sec-pushes-exchanges-for-update-on-19b-4-filings/

Spot Ethereum ETF: SEC Pushes Exchanges for Update on 19b-4 Filings
SEC requests urgent updates to 19b-4 filings for Spot Ethereum ETFs, hinting at possible approval. Deadline for decisions is this Thursday.

The U.S. Securities and Exchange Commission (SEC) has requested that exchanges involved in listing and trading shares of spot Ether (ETH) exchange-traded funds (ETFs) accelerate their updates to 19b-4 filings.

This move implies a possible change in the regulatory environment for cryptocurrency ETFs, hinting that the SEC may soon start approving these applications.

SEC Accelerated 19b-4 Filing Updates
Exchanges seeking to list and trade spot Ethereum exchange-traded funds (ETFs) have quickly received instructions from the SEC to update their 19b-4 filings. The body is making this request early as it prepares to decide on these applications before an important deadline on Thursday (May 23).

However, updating the 19b-4 filings is a critical step, but more needs to be done to ensure the final approval of the ETFs. These products must also have their S-1 applications approved before they can officially begin trading.

Analysts expressed surprise ( some implying a political stance) with the sudden activity of the SEC in updating the filings, which is an indication that the commission may be more willing to approve these applications than considered earlier.

However, there is yet to be a clear path as to when the S-1 filing will be approved, and this leaves certain market participants cautiously hopeful of what might happen.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on May 20, 2024, 04:47:19 PM
BTC 71,500  should have got a few more satoshis when it dropped to 57000
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on May 20, 2024, 04:50:08 PM
Quote from: obsidian on May 20, 2024, 03:46:43 PM
https://coingape.com/spot-ethereum-etf-sec-pushes-exchanges-for-update-on-19b-4-filings/

Spot Ethereum ETF: SEC Pushes Exchanges for Update on 19b-4 Filings
SEC requests urgent updates to 19b-4 filings for Spot Ethereum ETFs, hinting at possible approval. Deadline for decisions is this Thursday.

The U.S. Securities and Exchange Commission (SEC) has requested that exchanges involved in listing and trading shares of spot Ether (ETH) exchange-traded funds (ETFs) accelerate their updates to 19b-4 filings.

This move implies a possible change in the regulatory environment for cryptocurrency ETFs, hinting that the SEC may soon start approving these applications.

SEC Accelerated 19b-4 Filing Updates
Exchanges seeking to list and trade spot Ethereum exchange-traded funds (ETFs) have quickly received instructions from the SEC to update their 19b-4 filings. The body is making this request early as it prepares to decide on these applications before an important deadline on Thursday (May 23).

However, updating the 19b-4 filings is a critical step, but more needs to be done to ensure the final approval of the ETFs. These products must also have their S-1 applications approved before they can officially begin trading.

Analysts expressed surprise ( some implying a political stance) with the sudden activity of the SEC in updating the filings, which is an indication that the commission may be more willing to approve these applications than considered earlier.

However, there is yet to be a clear path as to when the S-1 filing will be approved, and this leaves certain market participants cautiously hopeful of what might happen.

So do we thank Trump or Biden?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 20, 2024, 06:37:05 PM
Quote from: SouJerz on May 20, 2024, 03:08:38 PM
So what does your crystal ball say Mayday?  If we get this Ether ETF do we get a new all time high?  How much?  And when does it fizzle?  If it plays out like the BTC ETF.

There is only 1 thing of interest to me if this gets approved.

If not, crypto will continue to be boring.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 20, 2024, 06:48:32 PM
Quote from: obsidian on May 20, 2024, 03:39:00 PM

There are rumors Biden (His handlers, not him. He does not know if he is coming or going...) might relax on crypto to counter Trump's pro-crypto stance.

FWIW last year when I redid my inflation & rates model, my take on the election is Biden would be pulled at the last minute and someone else slotted in, possibly Michelle Obama. I picked up on news anchors saying ‘Obama, sorry I mean Biden’ and it got me thinking maybe Michelle as we know they are wanting a first female black president.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on May 20, 2024, 08:02:55 PM
Quote from: Mayday on May 20, 2024, 06:48:32 PM
FWIW last year when I redid my inflation & rates model, my take on the election is Biden would be pulled at the last minute and someone else slotted in, possibly Michelle Obama. I picked up on news anchors saying ‘Obama, sorry I mean Biden’ and it got me thinking maybe Michelle as we know they are wanting a first female black president.

No way Michelle steps in. She’s making millions with the Obama production studio.  What the hell would she want the stress of being president for?  As others have said Joe Biden gets the nomination he more than likely wins but he does not last another 4 years.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 21, 2024, 03:17:02 PM
It seems those others have caught up to me and are looking for Grayscale outflows (they all missed BTC price suppression I warned of well in advance).

It’s pretty obvious the 2 outcomes possible.

The ETF is starting to get front run.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on May 21, 2024, 05:35:28 PM
Does the ETH/BTC price ratio go over .06 if we get this ETF?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 21, 2024, 06:32:20 PM
Quote from: Mayday on May 21, 2024, 03:17:02 PM
It seems those others have caught up to me and are looking for Grayscale outflows (they all missed BTC price suppression I warned of well in advance).

It’s pretty obvious the 2 outcomes possible.

The ETF is starting to get front run.

Come on now Mayday. Maybe we both have a different understanding of the word suppression but to me it means stopping something. I guess it could also mean slowing something down. Checked the definition for it and it turns out it can mean both those things!

Grayscale did not stop the upward price action on BTC that could be attributed to ETF flows, but it did slow down how fast it went up. This is fact as we have seen the overall flows from the ETFs. We can agree on this?

With regards to the ETH ETF I don't think there will be as much interest as BTC ETF so outflows from the Greyscale product could be a lot more painful.

However the ETF approval takes a lot of heat/bear pressure off ETH over the whole Security issues. More wealthy people/businesses could be inclined to buy spot ETH and set up their own nodes etc. Will be interesting how it all plays out.

Bullish Alts on a longer time frame now too. Btw I picked up a fair amount of Drift Token (got some really good DD on it) up there in the top holder ranks, but not quite a whale.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 21, 2024, 06:48:14 PM
Quote from: Flexacon on May 21, 2024, 06:32:20 PM
Come on now Mayday. Maybe we both have a different understanding of the word suppression but to me it means stopping something. I guess it could also mean slowing something down. Checked the definition for it and it turns out it can mean both those things!

Grayscale did not stop the upward price action on BTC that could be attributed to ETF flows, but it did slow down how fast it went up. This is fact as we have seen the overall flows from the ETFs. We can agree on this?

With regards to the ETH ETF I don't think there will be as much interest as BTC so outflows from the Greyscale product could be a lot more painful.

However the ETF approval takes a lot of heat/bear pressure off ETH over the whole Security issues. More wealthy people/businesses could be inclined to buy spot ETH and set up their own nodes etc. Will be interesting how it plays out.

Bullish Alts on a longer time frame now too. Btw I picked up a fair amount of Drift Token (got some really good DD on it) up there in the top holder ranks, but not quite a whale.
An ETH spot EFT approval is not priced in yet. Ethereum has been bleeding against BTC for a while now, so it has room to go. The ETH FUD also made me think the goal was to knock the ETH price down for the big guys like BlackRock. This potential approval is also political now. Trump came out endorsing cryptos and the left does not want to cede any votes to him and the right. So it might be that Gensler was told to get it approved, minus staking. Stablecoins are also driving demand for Treasuries and are becoming fundamental to the US economy.

Gensler might also want to approve the ETH applications just to prove Saylor wrong. It would piss me off if someone claimed to know what I'll do, which is what Saylor did. He sounded so convinced. How would he know? Or maybe he did that on purpose and secretly has an ETH position?

If the ETH ETFs are approved I see ETH breaching $5,000. But we'll see what happens.

https://dailyhodl.com/2024/05/21/economist-alex-kruger-says-base-case-is-ethereum-at-new-all-time-highs-bitcoin-much-higher-by-year-end/

Economist Alex Krüger Says ‘Base Case’ Is Ethereum at New All-Time Highs, Bitcoin Much Higher by Year End

Closely followed trader and economist Alex Krüger believes Ethereum (ETH) is headed to new all-time highs (ATHs) due to one key catalyst.

Krüger tells his 175,400 followers on the social media platform X that a possible approval of a spot ETH exchange-traded fund (ETF) as early as this week could send the top altcoin soaring.

The odds for an ETH ETF approval by the U.S. Securities and Exchange Commission (SEC) suddenly increased this week, and ETH rallied by more than 20% in the past day.

He also believes Bitcoin (BTC) will be “much higher” before the end of 2024.

“My base case scenario has been:

- Bitcoin much higher into year-end.
- Ethereum underperforming due to an ETF rejection.
- Ethereum over-performing from the US elections onwards, as elections would lead to a [SEC Chair Gary] Gensler removal and subsequent ETF approval in 2025.

https://www.kitco.com/news/article/2024-04-11/stablecoins-drive-demand-treasuries-and-are-fundamental-us-economy-cantor

Stablecoins drive demand for Treasuries and are fundamental to the US economy – Cantor Fitzgerald CEO

(Kitco News) – Following the launch of multiple spot Bitcoin (BTC) exchange-traded funds (ETFs) in the U.S., financial institutions have slowly started to become more open to the idea of engaging with digital assets, with some recognizing that the underlying blockchain technology will play a pivotal role in financial markets moving forward.

One of the latest chief executives to tout the benefits of crypto is Howard Lutnick, CEO of Cantor Fitzgerald LP, a global financial services firm founded in 1945.

According to Lutnick, who spoke at the Chainalysis conference in New York on Wednesday, stablecoins offer multiple benefits to the US economy, and the tokenization of financial assets will likely increase moving forward.

“Dollar hegemony is fundamental to the United States of America. It matters to us, to our economy,” Lutnick said, according to a report from Bloomberg. “That’s why I’m a fan of properly backed stablecoins. I’m a fan of Tether. I’m a fan of Circle.”
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 21, 2024, 06:57:25 PM
Quote from: SouJerz on May 21, 2024, 05:35:28 PM
Does the ETH/BTC price ratio go over .06 if we get this ETF?
ETH @ $5,000 and BTC @ $75,000 gets you to 0.066666. I personally think it should be at 0.166666. ETH's current supply is around 6x bigger than BTC.
1/6 = 0.166666. I know it's not that simple, it's about supply and demand, and how much people are willing to pay for something. But the current ratio seems ridiculous to me.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on May 21, 2024, 07:05:18 PM
There is great bull case for ETH, but I think people expecting a big BTC type rally because of the ETF are gonna be left disappointed .

My bullcase is more along the lines of Grayscale ETHE sell off stops. Mixed BTC and ETH ETFs start trading, big uptick in ETH held through ETFS.

This ETH locked up in ETFs potentially means less ETH staked, so higher yields can be expected. Rush to buy ETH to stake, plus a typical end of cycle catch up to BTC/blow off top.

So yeah more patience required for ETH maxis, but they should definitely set their targets much much higher.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 21, 2024, 07:20:44 PM
Quote from: Flexacon on May 21, 2024, 07:05:18 PM
There is great bull case for ETH, but I think people expecting a big BTC type rally because of the ETF are gonna be left disappointed .

My bullcase is more along the lines of Grayscale ETHE sell off stops. Mixed BTC and ETH ETFs start trading, big uptick in ETH held through ETFS.

This ETH locked up in ETFs potentially means less ETH staked, so higher yields can be expected. Rush to buy ETH to stake, plus a typical end of cycle catch up to BTC/blow off top.

So yeah more patience required for ETH maxis, but they should definitely set their targets much much higher.
We'll see. ETH just gained Solana's market cap in one day - 20%! That was impressive. I am always bullish on Ethereum but that surprised me.

This guy (ETH optimist) recently sold his ETH for ETHE. He acknowledged that he was taking a risk with it.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 21, 2024, 10:28:01 PM
Quote from: Flexacon on May 21, 2024, 06:32:20 PM
Come on now Mayday. Maybe we both have a different understanding of the word suppression but to me it means stopping something. I guess it could also mean slowing something down. Checked the definition for it and it turns out it can mean both those things!

Grayscale did not stop the upward price action on BTC that could be attributed to ETF flows, but it did slow down how fast it went up. This is fact as we have seen the overall flows from the ETFs. We can agree on this?

With regards to the ETH ETF I don't think there will be as much interest as BTC ETF so outflows from the Greyscale product could be a lot more painful.

However the ETF approval takes a lot of heat/bear pressure off ETH over the whole Security issues. More wealthy people/businesses could be inclined to buy spot ETH and set up their own nodes etc. Will be interesting how it all plays out.

Bullish Alts on a longer time frame now too. Btw I picked up a fair amount of Drift Token (got some really good DD on it) up there in the top holder ranks, but not quite a whale.

:D

Suppress as in held back, same meaning in UK and Aus.

The ETF flows dwarfed everything. I can’t find my numbers but I had Grayscale selling 50% of the total inflows. It was something like 23B came in and 12B was dumped. Price pumped 36k, had they not sold we would have tested 100k. Nobody believed me back then That Grayscale would play a pivotal role, still don’t, but fast forward 2yrs from here and people will be telling it like they guessed it all along.

Grayscale hold 3% of ETH so it’s just a wait and see, I assume 5,100 which is miserable IMO, does that sound familiar with your gut feel?

 BUT….. the ‘what if’ is if we got the ride to 3.8k for free from BTC so we pump from there. I can get to 7.2k which gives us enormous FOMO into everything 😂

I bought it aswell and some other stuff.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on May 22, 2024, 09:19:39 AM
Quote from: Mayday on May 21, 2024, 10:28:01 PM
:D

Suppress as in held back, same meaning in UK and Aus.

The ETF flows dwarfed everything. I can’t find my numbers but I had Grayscale selling 50% of the total inflows. It was something like 23B came in and 12B was dumped. Price pumped 36k, had they not sold we would have tested 100k. Nobody believed me back then That Grayscale would play a pivotal role, still don’t, but fast forward 2yrs from here and people will be telling it like they guessed it all along.

Grayscale hold 3% of ETH so it’s just a wait and see, I assume 5,100 which is miserable IMO, does that sound familiar with your gut feel?

 BUT….. the ‘what if’ is if we got the ride to 3.8k for free from BTC so we pump from there. I can get to 7.2k which gives us enormous FOMO into everything 😂

I bought it aswell and some other stuff.

Trying to follow along here the Trust ETHE holds 3% of all ethereum?  And if the ETF is approved Ethereum price should rise as other ETF's buy up ethereum, as the price rises Grayscale is going to sell some of their 3% total ethereum? potentially up to 50% of their holdings?  or will shareholders dump ETHE? or a combination of both?  And best case scenario is Ethereum price pumps all the way to 7.2k and then comes back down to 3,000 or maybe 2,500?  hypothetically speaking?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 22, 2024, 10:43:25 AM
https://cryptobriefing.com/vaneck-dtcc-ethereum-etf-listing/

VanEck's Ethereum spot ETF listed on DTCC under ticker $ETHV

Ethereum has surged 31% over the past 7 days as ETF approval chances rise, trading at $3,700.

VanEck’s proposed spot Ethereum ETF has appeared on the Depository Trust and Clearing Corporation’s (DTCC) new securities list with the ticker $ETHV. This development comes shortly after Cboe released amended 19b-4 forms.

(https://static.cryptobriefing.com/wp-content/uploads/2024/05/21195933/VanEck-Ethereum-ETF.jpg)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 22, 2024, 10:49:03 AM
https://www.coindesk.com/business/2024/05/22/bitcoin-is-coming-to-ethereum-stalwart-metamask-sources/

Bitcoin Is Coming to Ethereum Stalwart MetaMask: Sources

MetaMask is a giant in the Ethereum ecosystem, but it's poised to cross one of the biggest tribal divides in crypto.

- MetaMask, the most-used Ethereum wallet, is working to integrate native bitcoin (BTC), according to two people familiar with the matter.
- Access could arrive within the next month, one person said, while another said functionality is not yet set in stone, but features could initially be limited and expanded over time.

MetaMask is a giant in the Ethereum (ETH) ecosystem, the most-used wallet on that blockchain. It's poised to cross one of the biggest tribal divides in cryptocurrencies, with plans to add support for Bitcoin (BTC), according to two people with direct knowledge of the matter.

The exact timeline is unclear, but one person said access could arrive in MetaMask within the next month. Another person said the exact Bitcoin functionality is not yet set in stone, but features could initially be limited and expanded over time.

MetaMask's Ethereum wallet is the gateway for more than 30 million monthly active users into the Web3 world of decentralized applications and non-fungible tokens, or NFTs. When Ethereum debuted almost a decade ago, it expanded the capabilities of what a blockchain could do beyond what Bitcoin pioneered, adding support for smart contracts – essentially software built atop that blockchain.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on May 22, 2024, 01:05:55 PM
Quote from: obsidian on May 22, 2024, 10:49:03 AM
https://www.coindesk.com/business/2024/05/22/bitcoin-is-coming-to-ethereum-stalwart-metamask-sources/

Bitcoin Is Coming to Ethereum Stalwart MetaMask: Sources

MetaMask is a giant in the Ethereum ecosystem, but it's poised to cross one of the biggest tribal divides in crypto.

- MetaMask, the most-used Ethereum wallet, is working to integrate native bitcoin (BTC), according to two people familiar with the matter.
- Access could arrive within the next month, one person said, while another said functionality is not yet set in stone, but features could initially be limited and expanded over time.

MetaMask is a giant in the Ethereum (ETH) ecosystem, the most-used wallet on that blockchain. It's poised to cross one of the biggest tribal divides in cryptocurrencies, with plans to add support for Bitcoin (BTC), according to two people with direct knowledge of the matter.

The exact timeline is unclear, but one person said access could arrive in MetaMask within the next month. Another person said the exact Bitcoin functionality is not yet set in stone, but features could initially be limited and expanded over time.

MetaMask's Ethereum wallet is the gateway for more than 30 million monthly active users into the Web3 world of decentralized applications and non-fungible tokens, or NFTs. When Ethereum debuted almost a decade ago, it expanded the capabilities of what a blockchain could do beyond what Bitcoin pioneered, adding support for smart contracts – essentially software built atop that blockchain.

How friggin high is ETH going 7500? 20,000? 50,000?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 22, 2024, 09:44:45 PM
Quote from: SouJerz on May 22, 2024, 09:19:39 AM
Trying to follow along here the Trust ETHE holds 3% of all ethereum?  And if the ETF is approved Ethereum price should rise as other ETF's buy up ethereum, as the price rises Grayscale is going to sell some of their 3% total ethereum? potentially up to 50% of their holdings?  or will shareholders dump ETHE? or a combination of both?  And best case scenario is Ethereum price pumps all the way to 7.2k and then comes back down to 3,000 or maybe 2,500?  hypothetically speaking?

The first part of my post related to BTC ETF. Inflows of 23B and Grayscale Dumped 12B.

Wait for ETH ETF approval first, decision is today.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 23, 2024, 04:32:26 AM
https://www.theblock.co/post/296216/sec-ethereum-etf-issuers-s1

SEC has started engaging with Ethereum ETF issuers over S-1 forms: Source

The U.S. Securities and Exchange Commission has begun discussions around S-1 registration statements with prospective Ethereum ETF issuers, according to a source.

“Basically, it's just starting,” said a high-ranking member at an issuer when asked about conversations relating to S-1 forms. “It feels a little like [the Division of Investment Management] was more-or-less caught off-guard by the change of tune. So, just starting.”

The source added that they don’t expect the progress toward an Ethereum ETF to get scrapped but remained cautious.

For the Ethereum ETFs to be approved, the SEC must approve the 19b-4 forms — which was done in one omnibus order for the Bitcoin ETFs — and then the S-1 registration statements must become effective. Only then can trading begin.

Ahead of each approval, typically, the forms are sent back for amendments and refiled. When final versions are submitted, the SEC may choose to approve them. While there has been a lot of movement on the 19b-4 forms, only Fidelity has recently filed an amended S-1 form. With discussion over the S-1s now underway, there may be more amendments to come.

SEC faces decision day over Ethereum ETFs

As for the 19b-4 forms, the SEC has a deadline of today to approve or deny the VanEck Ethereum ETF’s 19b-4 form. Due to the perceived intent to approve multiple issuers in one go — as happened with the Bitcoin ETFs — pundits are optimistic that, if the ETFs get approved, this would happen today.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 23, 2024, 04:49:46 AM
Quote from: SouJerz on May 22, 2024, 01:05:55 PM
How friggin high is ETH going 7500? 20,000? 50,000?
$100,000 ...... j/k. Just kidding. Maybe one day. I don't want to jinx anything by predicting a value. And we still need the ETF approval to go through. I think the SEC will see solo staking as similar to proof of work mining. But they might push for pool staking to be a case of "Effort by Others" and hence a security. The ETH developers need to fast track an easier way to solo stake. I know Vitalik mentioned bringing staking to cell phones one day by lowering the hardware requirements. It will be interesting to see what happens. I may have to think about solo staking in the near future.

https://watcher.guru/news/dogecoin-creator-predicts-100000-for-ethereum

In a surge driven by speculation over potential spot Ethereum ETF approvals, Ethereum’s value skyrocketed on May 20. Indeed, it observed its largest single-day increase in market value to date. The cryptocurrency’s price surged by over $590 within 24 hours, raising its market cap by more than $70 billion and reaching $3,660, a level not seen since early April.

This dramatic rise has reverberated through the cryptocurrency community, sparking renewed discussions about Atheneum’s future. Billy Markus, co-creator of Dogecoin and known as Shibetoshi Nakamoto, commented on the price surge, suggesting a long-term bullish outlook for Ethereum. Markus expressed hope for ETH to reach $100,000, mirroring a broader optimism among crypto enthusiasts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 23, 2024, 03:00:56 PM
https://watcher.guru/news/sec-approves-all-spot-ethereum-etfs

SEC Approves All Spot Ethereum ETFs

(https://watcher.guru/news/wp-content/uploads/2024/05/Ethereum-1024x585.jpg.webp)

The culmination of a tumultuous journey has finally arrived, as the US Securities and Exchange Commission (SEC) has approved the issuance of Spot Ethereum ETFs. Indeed, the decision arrived just five months after the agency granted similar approval to the Spot Bitcoin ETFs to start the year.

The decision marks the approval of the country’s second crypto-based ETF. Moreover, it represents a monumental shift in the overall accessibility of the second-largest cryptocurrency to institutional investors.

Spot Ethereum ETFs Approved by SEC

Following the approval of Spot Bitcoin ETFs at the start of 2024, the market anticipated what cryptocurrency could be next. Naturally, all eyes are directed toward Ethereum. Although it appears likely, the overall sentiment of the SEC has diminished optimism that such an approval could take place.

That changed significantly at the start of May’s second to last week. Seemingly out of nowhere, Bloomberg increased the approval odds from 25% to 75%. Thereafter, the market began anticipating the impending arrival of the Ethereum-based investment offering.

Now, that anticipation has been rewarded as the SEC has approved all Spot Ethereum ETFs. The landmark decision means that the United States now features crypto-based ETFs for the two most prominent digital assets in the world. Moreover, it is a critical part of a greater transition for the country’s perspective on the assets.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 23, 2024, 03:49:12 PM
https://cryptoslate.com/congress-passes-bill-banning-federal-reserve-from-creating-a-cbdc/

Congress passes bill banning Federal Reserve from creating a CBDC

The bill aims to prevent unelected officials from developing a CBDC that could infringe on Americans' financial privacy.

(https://cryptoslate.com/wp-content/uploads/2023/09/us-congress-1-768x403.jpg)

The US House of Representatives passed H.R. 5403, the CBDC Anti-Surveillance State Act, sponsored by Majority Whip Tom Emmer (MN-06).

The legislation blocks the creation and issuance of a central bank digital currency (CBDC) without explicit congressional authorization, aiming to safeguard Americans’ financial privacy.

The bill aims to prevent unelected officials from developing a CBDC that could infringe on Americans’ financial privacy. It specifically prohibits the Federal Reserve from offering certain products or services directly to individuals and restricts the use of CBDCs for monetary policy.

Key provisions include prohibiting Federal Reserve banks from offering products or services directly to individuals, maintaining accounts on behalf of individuals, and issuing any form of CBDC without congressional approval.

It also restricts the use of CBDCs to implement monetary policy, ensuring that such measures preserve the privacy protections of physical currency.

The move follows concerns that a CBDC could be used to monitor and control financial transactions, similar to systems in place in other countries.

Chairman of the House Financial Services Committee, Patrick McHenry, supported the bill, highlighting concerns over financial surveillance. He cited examples from other countries, such as China’s use of a CBDC to monitor and control citizens’ spending habits.

McHenry said:

“This type of financial surveillance has no place in the United States.”

He stressed the bill’s importance in response to the Biden Administration’s push for CBDC research and development, which he argued could threaten financial privacy.

McHenry acknowledged Emmer and other co-sponsors, including French Hill and Alex Mooney for their efforts in advancing the legislation.

H.R. 5403 received broad support, reflecting widespread concern over the potential misuse of digital currency by governmental authorities. The bill’s passage marks a critical step in protecting financial privacy in the digital age.

Emmer emphasized that the bill is designed to prevent the federal government from following in the footsteps of authoritarian regimes that use digital currencies for surveillance.

The bill now moves to the Senate for consideration. If passed, it will significantly limit the Federal Reserve’s ability to implement a CBDC without legislative oversight, reinforcing Congress’ role in major financial decisions.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 23, 2024, 04:18:32 PM
Hahaha funny how this cycle is turning everyone on their heads. BTC maxis certain no ETF. The crowd said it’s a definite No for May.

The last boss to defeat now is…… ETH ETF will underperform because it doesn’t have staking and nobody understands what ETH is…..

 I’m retarded bullish to late July!!!! ETH to 7,200!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 23, 2024, 04:50:14 PM
Quote from: Mayday on May 23, 2024, 04:18:32 PM
Hahaha funny how this cycle is turning everyone on their heads. BTC maxis certain no ETF. The crowd said it’s a definite No for May.

The last boss to defeat now is…… ETH ETF will underperform because it doesn’t have staking and nobody understands what ETH is…..

 I’m retarded bullish to late July!!!! ETH to 7,200!!
No ETH EFT staking is good for me. The yields would have gone down a lot if the ETFs also got in on it. There are already 1 million validators - some think that's too many.

https://cointelegraph.com/news/ethereum-1-million-validators-too-much

Ethereum reaches 1M validators, community thinks it’s ‘too much’

While more validators could mean more security, community members think too many could be problematic.

The Ethereum network recently hit the one million validator milestone, with 32 million Ether currently staked, valued at approximately $114 billion based on current market prices.

On March 28, the Dune Analytics dashboard created by Hildobby to track Ethereum staking progress showed that the network achieved a validator count of one million, with the 32 million ETH staked accounting for 26% of the total supply.

The data also showed that around 30% of the ETH is staked using the Ethereum staking pool Lido, a liquid staking platform for proof-of-stake (PoS) cryptocurrencies.

Staking pools like Lido remain popular because they allow users with a smaller amount of ETH to pool their assets and participate.

Validators ensure the security of a blockchain by monitoring the network for any malicious transactions, such as double-spending, which is essentially spending the same currencies twice.

In Ethereum, validators participate in proposing and validating transactions within the network. Those who wish to participate in this process are required to stake 32 ETH. In return, they get a small portion of ETH as a reward.

While the number of validators could translate into higher security for a blockchain, some community members think too many validators could pose a problem.

(https://s3.cointelegraph.com/uploads/2024-03/61ef12a4-56b5-4922-9036-182a0e196ad3.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 23, 2024, 04:54:33 PM
Solana ETF this cycle, or a few years down the road?

https://cointelegraph.com/news/cnbc-guest-sees-solana-etfs-next-sparking-debate

CNBC Fast Money trader says Solana ETFs ’probably’ next, sparking debate

CNBC contributor and crypto investor Brian Kelly said Solana is one of the “big three” coins, meaning it’s likely to be the next to receive ETF treatment.

Crypto investor and CNBC ‘Fast Money’ trader Brian Kelly sparked debate on Crypto X on Wednesday after suggesting that Solana (SOL) could be the next cryptocurrency to get a spot exchange-traded fund (ETF) in the United States.

Kelly made the prediction during the CNBC post-market talk show Fast Money on May 22, a day before the Securities and Exchange Commission is due to decide on at least one proposed spot Ether (ETH) ETF.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 23, 2024, 05:01:52 PM
This is interesting. Looks like Biden's handlers might be opting out of opposing/vetoing the recent crypto bill. The landscape for crypto has improved a little lately. Should we thank Trump since he openly came out in support of crypto? This is all very political.

https://qz.com/sec-chair-gary-gensler-criticizes-crypto-market-bill-1851493248

President Biden and SEC Chair oppose major crypto bill hours before voting

The bill will see a vote in the House in the afternoon, but President Biden isn’t threatening to veto it

Hours before the U.S. House of Representatives is set to vote on a crypto bill, president Biden released a statement saying that he is against the legislation, but he isn’t threatening to veto it.

The White House expressed opposition to the bill, ‘The Financial Innovation and Technology for the 21st Century Act (FIT21),’ on Wednesday afternoon, due to concerns over inadequate investor protections.

The bill, ‘The Financial Innovation and Technology for the 21st Century Act (FIT21), would effectively classify cryptocurrency as a commodity, not a security, and therefore make it exempt from securities regulations.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 23, 2024, 05:04:12 PM
Quote from: Mayday on May 23, 2024, 04:18:32 PM
Hahaha funny how this cycle is turning everyone on their heads. BTC maxis certain no ETF. The crowd said it’s a definite No for May.

The last boss to defeat now is…… ETH ETF will underperform because it doesn’t have staking and nobody understands what ETH is…..

 I’m retarded bullish to late July!!!! ETH to 7,200!!
Forgot to add, the other FUD narrative will be Grayscale outflows will dwarf ETF inflows. Also, some are saying the ETFs won't start trading until July. So it will take some time to see the effect on the price of ETH.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 23, 2024, 05:05:15 PM
The amount of ETH FUD in my Feed is nuts. When BTC was approved it was moon boys as far as the eyes could see.

It’s so full on I’m not sure whether it’s the Maxi Clan in full emotional meltdown or if it’s also driven because things are actually going to be turned on its head. I mean, it’s the kind of FUD stuff I saw at the very lows of stuff and the typical broke bastards are retweeting it at the speed of light.

Also most gurus who got everyone wrecked are repeating the FUD. So there’s that 😂

I may need to go more retarded than usual to offset the FUD.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 23, 2024, 05:07:09 PM
Quote from: Mayday on May 23, 2024, 05:05:15 PM
The amount of ETH FUD in my Feed is nuts. When BTC was approved it was moon boys as far as the eyes could see.

It’s so full on I’m not sure whether it’s the Maxi Clan in full emotional meltdown or if it’s also driven because things are actually going to be turned on its head. I mean, it’s the kind of FUD stuff I saw at the very lows of stuff and the typical broke bastards are retweeting it at the speed of light.

Also most gurus who got everyone wrecked are repeating the FUD. So there’s that 😂

I may need to go more retarded than usual to offset the FUD.
FUD is bullish! Extreme FUD reeks of desperate behavior. Seems to me you want to avoid stuff that's being overhyped, like the shoeshine boy did with the Hindenburg stock tip to Kennedy.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 23, 2024, 05:26:22 PM
Quote from: obsidian on May 23, 2024, 05:04:12 PM
Forgot to add, the other FUD narrative will be Grayscale outflows will dwarf ETF inflows.

Yeah I know that one. I was about a year ahead on that for BTC remember? I even said Barry got popped. I gave the heads up The CEO of Bitcoin Saylor was cashing in 100% of his MSTR shares and dumping.

Everyone now looking for Grayscale flows after being wrecked sub 76k.

But everyone is always wrong about everything, myself included. I have timing all fucked up but thankfully pricing has been pretty good and I follow my pricing, not my timing.

Quote from: obsidian on May 23, 2024, 05:07:09 PM
FUD is bullish! Extreme FUD reeks of desperate behavior. Seems to me you want to avoid stuff that's being overhyped, like the shoeshine boy did with the Hindenburg stock tip to Kennedy.



I’m already set in place, I am way ahead of the plebs. I even posted when I was buying and dumping so my calls are legit. I’d say there is a high chance I Dump it all soon. Everything.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on May 23, 2024, 11:53:06 PM
BTC maxis today  ;D

(https://c.tenor.com/F5xLilFJwY0AAAAd/tenor.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 24, 2024, 02:55:02 AM
Quote from: Griffith on May 23, 2024, 11:53:06 PM
BTC maxis today  ;D

(https://c.tenor.com/F5xLilFJwY0AAAAd/tenor.gif)
Eric Wall | BIP-420😺

@ercwl
can’t believe bitcoin will have to compete on technical merit rather than regulatory privlege now

so sad. terrible

Chris Burniske

@cburniske
$ETH is 1/3 the network value of $BTC, with < 1/10th the daily issuance, and these approvals are coming as a market surprise - if flows are anything near the #Bitcoin ETFs, you'll be fondling recalling these next few months to posterity.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 24, 2024, 02:55:35 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 24, 2024, 03:07:18 AM
Quote from: obsidian on May 24, 2024, 02:55:35 AM


I never watch any video anyone posts.

Cliffs?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 24, 2024, 03:28:29 AM
Quote from: Mayday on May 24, 2024, 03:07:18 AM
I never watch any video anyone posts.

Cliffs?
His videos are pretty good. I usually put them on 1.5x-2x speed on my coffee runs. He highlighted two interesting tweets regarding ETH and BTC:

Eric Wall | BIP-420😺

@ercwl
can’t believe bitcoin will have to compete on technical merit rather than regulatory privlege now

so sad. terrible

Chris Burniske

@cburniske
$ETH is 1/3 the network value of $BTC, with < 1/10th the daily issuance, and these approvals are coming as a market surprise - if flows are anything near the #Bitcoin ETFs, you'll be fondling recalling these next few months to posterity.


Here are the timestamps.

00:00 Intro - ETh ETF got approved
00:20 But the price is still down
00:35 BTC weekly chart - BTC down a bit
00:54 Reminder - This is quite common. Similar to BTC ETF
01:17 50 percent pump likely for ETH in a few weeks
01:41 ETH weekly chart - Still at 3600
02:18 Whole situation has changed - BTC is a political issue now
02:37 Senator Warren's anti crypto army vs Donald Trump pro crypto army
03:13 Bob Loukas - Market has yet to price in radical shift in sentiment
04:12 Welcome to the chat - Proof of Goose in the chat
04:31 Reminiscing about how we started this channel
05:25 Shout out to ByBit
05:47 Summary of the drama - Bullish. SEC tapping out
06:12 Gensler Warren meme - You blew it!
06:40 SEC is very quiet - No chatty Gary
07:19 C'mon do something meme
08:03 What is going to happen to ETH - world has mispriced ETH a lot
08:38 ETH is the reserve asset for online economy - native asset of DeFi
09:16 Chris Burniske - ETH compared to BTC
09:59 Saylor has been wrong about ETH - video
11:10 Maxis blinded by their hatred for ETH and Vitalik
11:38 In each good lie there is always a grain of truth
12:14 BTC maxis should think about the levelled playing field - Many are in disbelief
12:56 Next ETF will be SOL - This cycle or not?
13:14 SOL ETF might happen because of smooth approval of ETH ETF
14:01 Reasons why SOL ETF might be harder though
14:31 EllioTrades - politicians bending the knee to crypto
15:10 Coming months be all in crypto
15:38 This is the last big fat bull run - regulatory approval and institutions are here
16:17 Next bull run will be more like tech stock market
17:23 Coming months will be key - Till WEN do we call ourselves early?
18:22 Only 5 percent of population has crypto - We will still grow
19:17 Don't look at the number of users but how bullish everyone else is
20:49 Other fights to win - What is a DEX. SEC attacking UniSwap
21:26 LPs are securities, UI is a broker
22:48 We will win in a few more years - No support for SEC anymore then
23:37 Are bankers even anti-crypto anymore?
24:17 Axelar - Very nice discount. Rollkit integration for easy cross chain liquidity
25:35 COTI - privacy tech platform
26:18 You cannot ban a privacy tech that is being used by normal users, like VPN
28:01 An idea about how to add privacy to the base layer
29:15 Analog - 120M incentivized testnet, Layer-0 protocol
30:38 New Youtube UI is whack - Where is the view count?
32:50 Q and A
33:32 Shout out to ByBit
33:54 Q1: Buy SOL or projects linked to SOL?
34:29 Q2: James video on Blackrock manipulation?
35:05 Q3: Will SOL get the next ETF or LINK?
38:01 Q4: DOT a security or not?
38:17 Q5: BRC-20 dead, Runes is superior?
39:11 Outro
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 25, 2024, 04:54:34 PM
https://www.financemagnates.com/cryptocurrency/hong-kong-eyes-ether-etf-staking-to-outpace-us/

Hong Kong Eyes Ether ETF Staking to Outpace US

Hong Kong is considering allowing staking for exchange-traded funds (ETFs) investing directly in ether. The Securities and Futures Commission (SFC) of Hong Kong is engaging the city’s cryptocurrency ETF issuers about providing staking services through licensed platforms, The Business Times reported.

Passive Crypto Income

This potential regulatory change could open a new source of passive income for investors, positioning Hong Kong ahead of the US, where such offering is restricted. Staking offers investors a way to earn passive income by locking tokens on the Ethereum network to help validate transactions, currently yielding about 4% annually in additional coins.

If the SFC approves the staking yields, it could significantly enhance the attractiveness of Hong Kong’s spot-crypto ETFs, which have experienced moderate demand since their launch in April. This move could give Hong Kong a competitive edge over the US, which recently approved spot ether ETFs applications by Nasdaq, Cboe, and NYSE.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 25, 2024, 05:05:22 PM
More positive developments during the past few days:

Binance obtains FIU approval for India return
https://cointelegraph.com/news/binance-gets-fiu-approval-india-return

Bitcoin and Ethereum ETPs debut on London Stock Exchange after FCA nod
https://cointelegraph.com/news/bitcoin-ethereum-etps-lse-fca-approval

US House approves FIT21 crypto bill with bipartisan support
https://cointelegraph.com/news/fit21-crypto-bill-house-vote-bipartisan

The FIT21 proposes a 5-point test vs the Howey test where any crypto asset is judged a commodity if it is decentralized enough. This is a significant development.

If FIT21 eventually becomes law, a digital asset would be classified as a commodity and regulated by Commodity Futures Trading Commission (CFTC) if its underlying blockchain is “functional and decentralized.” In order to achieve that designation, however, FIT21 puts forth several definitions, procedures, and thresholds.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 27, 2024, 03:11:30 PM
Interesting analysis in the video below. The guy reasons there was a BTC accumulation phase a few months before the BTC Spot ETF approvals because confidence was high that it would be approved. The BTC price went up around 86% during that accumulation phase.

Ethereum has a different trajectory. Confidence was high it would not be approved, and this pre-ETF accumulation did not occur. So now the ETF issuers will start accumulating ETH without the price getting out of control. It's plausible that the ETH price will steadily grind up to $4.5K - $5K before the ETFs are on the market.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on May 27, 2024, 07:21:20 PM
Quote from: obsidian on May 27, 2024, 03:11:30 PM
Interesting analysis in the video below. The guy reasons there was a BTC accumulation phase a few months before the BTC Spot ETF approvals because confidence was high that it would be approved. The BTC price went up around 86% during that accumulation phase.

Ethereum has a different trajectory. Confidence was high it would not be approved, and this pre-ETF accumulation did not occur. So now the ETF issuers will start accumulating ETH without the price getting out of control. It's plausible that the ETH price will steadily grind up to $4.5K - $5K before the ETFs are on the market.



Accumulation was at 15.5k-25k where the ETF frontrun happened as the assumption was it’d come during this cycle. The later buying is people thinking they were early, They were not and will get round tripped.

Everyone is bearish on ETH ETF. If we got the uplift to 3.8k for ‘free’ off the back of BTC, it’s crazy bullish! This could be a massive FOMO due to so many sidelined people rushing in late.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Amerian Muscle on May 27, 2024, 10:48:20 PM
Cant wait for btc to go above 85k so I can breakeven on my gold self rekage :'(
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 31, 2024, 03:33:36 PM
https://cointelegraph.com/news/ether-etf-launch-june-possible-blackrock-amended-s-1

Ethereum ETF June launch ‘legit possibility’ as BlackRock files S-1

BlackRock updated its Form S-1 for its spot Ether ETF, which analysts say is a “good sign” that issuers and the SEC are working on ETF launches.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on May 31, 2024, 03:39:03 PM
Quote from: Mayday on May 27, 2024, 07:21:20 PM
Accumulation was at 15.5k-25k where the ETF frontrun happened as the assumption was it’d come during this cycle. The later buying is people thinking they were early, They were not and will get round tripped.

Everyone is bearish on ETH ETF. If we got the uplift to 3.8k for ‘free’ off the back of BTC, it’s crazy bullish! This could be a massive FOMO due to so many sidelined people rushing in late.
They were early if they bought below $45k. The price is more than $20k higher right now. I would say the BTC ETF accumulation was really between $25k and $45k in January 2024.

The $15k buyers at the end of 2022 were just the ones betting it had bottomed out after Bitcoin broke down from November 2021 - November  2022.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 01, 2024, 12:25:56 PM
https://www.theblock.co/post/297885/biden-vetoes-bill-overturning-sab-121-says-standard-necessary-for-crypto-innovation

Biden vetoes bill overturning SAB 121, says standard 'necessary' for crypto innovation

U.S. President Joe Biden vetoed a bill to overturn a controversial Securities and Exchange Commission bulletin, SAB 121, establishing accounting standards for firms that custody crypto.

“Appropriate guardrails that protect consumers and investors are necessary to harness the potential benefits and opportunities of crypto-asset innovation,” the president said in a letter to the U.S. House.

The bulletin has drawn controversy over the past year over concerns in the crypto industry that it could prevent banks from safeguarding digital assets.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Skeletor on June 01, 2024, 12:43:28 PM
Quote from: obsidian on June 01, 2024, 12:25:56 PM
https://www.theblock.co/post/297885/biden-vetoes-bill-overturning-sab-121-says-standard-necessary-for-crypto-innovation

Biden vetoes bill overturning SAB 121, says standard 'necessary' for crypto innovation

U.S. President Joe Biden vetoed a bill to overturn a controversial Securities and Exchange Commission bulletin, SAB 121, establishing accounting standards for firms that custody crypto.

“Appropriate guardrails that protect consumers and investors are necessary to harness the potential benefits and opportunities of crypto-asset innovation,” the president said in a letter to the U.S. House.

The bulletin has drawn controversy over the past year over concerns in the crypto industry that it could prevent banks from safeguarding digital assets.

I am sure Biden understood exactly what he his handlers signed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 01, 2024, 01:48:46 PM
Quote from: Skeletor on June 01, 2024, 12:43:28 PM
I am sure Biden understood exactly what he his handlers signed.
The Biden regime was pro-crypto until the guilty Trump verdict came out. They may know that the election is already in the bag for them. Expect them to do a 180-degree and come down on crypto again in full force soon. These people are the scum of the earth and can't be trusted. They'll fuck over their own citizens and climax while they are doing it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Skeletor on June 01, 2024, 02:09:23 PM
Quote from: obsidian on June 01, 2024, 01:48:46 PM
The Biden regime was pro-crypto until the guilty Trump verdict came out. They may know that the election is already in the bag for them. Expect them to do a 180-degree and come down on crypto again in full force soon. These people are the scum of the earth and can't be trusted. They'll fuck over their own citizens and climax while they are doing it.

They appointed Gensler at the SEC so I doubt it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 01, 2024, 02:57:51 PM
Quote from: Skeletor on June 01, 2024, 02:09:23 PM
They appointed Gensler at the SEC so I doubt it.
They were pro-crypto for a week or two when Trump came out as a defender of crypto. That's what I meant. Yes, they were never pro-crypto. At the last minute they changed to prevent Trump from capturing any crypto voters. That was Plan B. Plan A was to find Trump guilty as charged. Now that Plan A panned out for them, they don't have to pursue Plan B (Pro-Crypto to Capture Voters).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Skeletor on June 01, 2024, 03:03:59 PM
Quote from: obsidian on June 01, 2024, 02:57:51 PM
They were pro-crypto for a week or two when Trump came out as a defender of crypto. That's what I meant. Yes, they were never pro-crypto. At the last minute they changed to prevent Trump from capturing any crypto voters. That was Plan B. Plan A was to find Trump guilty as charged. Now that Plan A panned out for them, they don't have to pursue Plan B (Pro-Crypto to Capture Voters).

I see what you mean.
Campaign strategists from both sides who see everything as monolithic "voter blocks" think they can get the "crypto community's" vote. This is Trump in 2019 and Trump a few weeks ago:

(https://150601093.v2.pressablecdn.com/wp-content/uploads/2019/07/Donald-Trump-Tweet-About-Bitcoin.jpg)

(https://www.coindesk.com/resizer/umOrHAwbUTlHXZo9HwGQVyXBT9g=/560x253/filters:quality(80):format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/BV3FG2ON65HEHD7H2OEGCYSU34.JPG)

Obviously this goes for both parties. For every Ron Wyden you have 3-4 Elizabeth Warrens.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 02, 2024, 03:20:38 AM
Quote from: Skeletor on June 01, 2024, 03:03:59 PM
I see what you mean.
Campaign strategists from both sides who see everything as monolithic "voter blocks" think they can get the "crypto community's" vote. This is Trump in 2019 and Trump a few weeks ago:

(https://150601093.v2.pressablecdn.com/wp-content/uploads/2019/07/Donald-Trump-Tweet-About-Bitcoin.jpg)

(https://www.coindesk.com/resizer/umOrHAwbUTlHXZo9HwGQVyXBT9g=/560x253/filters:quality(80):format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/BV3FG2ON65HEHD7H2OEGCYSU34.JPG)

Obviously this goes for both parties. For every Ron Wyden you have 3-4 Elizabeth Warrens.

Crypto in 2019 was in a very different situation to where it is now and had nowhere near as much mainstream acceptance.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 02, 2024, 11:15:30 PM
Quote from: obsidian on May 31, 2024, 03:39:03 PM
They were early if they bought below $45k. The price is more than $20k higher right now. I would say the BTC ETF accumulation was really between $25k and $45k in January 2024.

The $15k buyers at the end of 2022 were just the ones betting it had bottomed out after Bitcoin broke down from November 2021 - November  2022.

The volume was done sub 32k. After that you are late and why you are late is because we all got 2x-5x multiples which means on pullbacks we are still in multiples. That, is early. Struggling to stay afloat at the top of a parabola is not early.

One more bull trap and if we see 79k-81k it’s likely pack your bags for 10yrs. If we see 75k-76k then we should be ok for another run in 2025. Whatever peak we get now is all there will be for BTC, there is no second peak so HoDLeRs better know what they are doing when calculating the next bear market….. 👀
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on June 03, 2024, 05:49:19 AM
Quote from: gib on April 16, 2024, 07:23:55 AM
Anyone worried just need to zoom out a little. We know BTC will hit 100K. We know it will hit 1m. But of course there will be ups and downs along the way.

(https://media.tenor.com/images/25eba48a338d64e17edc99f88f0482bf/tenor.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 03, 2024, 02:56:12 PM
Quote from: loco on June 03, 2024, 05:49:19 AM
(https://media.tenor.com/images/25eba48a338d64e17edc99f88f0482bf/tenor.gif)

GiB has said he is working on a timeframe out to a lifetime. If it takes 50yrs to hit 100k he will be correct.

That’s fair enough as gold bugs do the same. I don’t think the people he gave advice to realise he is looking out at 50yrs.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on June 03, 2024, 03:09:23 PM
Quote from: Mayday on June 03, 2024, 02:56:12 PM
GiB has said he is working on a timeframe out to a lifetime. If it takes 50yrs to hit 100k he will be correct.

That’s fair enough as gold bugs do the same. I don’t think the people he gave advice to realise he is looking out at 50yrs.

(https://img.freepik.com/premium-photo/autumn-forest-human-skeleton-sitting-bench-skeletons-relax_124507-142006.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 03, 2024, 06:16:04 PM
Quote from: Mayday on June 03, 2024, 02:56:12 PM
GiB has said he is working on a timeframe out to a lifetime. If it takes 50yrs to hit 100k he will be correct.

That’s fair enough as gold bugs do the same. I don’t think the people he gave advice to realise he is looking out at 50yrs.
San Francisco, Seattle, Los Angeles, Chicago, Philadelphia, New York - all shitholes or fast becoming shitholes. The US is doomed, to be honest. And the total collapse will not take 50 years. Much sooner than that. BTC will hit $100,000 sooner than you think - IMO.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 04, 2024, 02:29:51 AM
Quote from: obsidian on June 03, 2024, 06:16:04 PM
San Francisco, Seattle, Los Angeles, Chicago, Philadelphia, New York - all shitholes or fast becoming shitholes. The US is doomed, to be honest. And the total collapse will not take 50 years. Much sooner than that. BTC will hit $100,000 sooner than you think - IMO.



So it’s doomed yet you all still live there……..

When does the US collapse?

When do you think BTC hits 100k?

FYI I do not watch any videos or read any articles posted.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 04, 2024, 06:37:43 PM
Quote from: Mayday on June 04, 2024, 02:29:51 AM
So it’s doomed yet you all still live there……..

When does the US collapse?

When do you think BTC hits 100k?

FYI I do not watch any videos or read any articles posted.
If you're not watching any videos how can you make an informed opinion? The video shows vacant retail spaces, trashed areas. The regression is unreal.

Not sure when, but the collapse of the US Empire is inevitable. All empires collapse. And the US is rapidly declining. Most politicians in DC are corrupt. Urban cities are crumbling. The rule of law has eroded. It's a hot mess - lol! Sure, it is still functioning. However, the cracks in the foundations are visible in many areas.

You won't visit these links. Posting for others.

https://www.thenation.com/article/society/american-empire-decline/

With unprecedented economic inequality and massive overspending on military expansion, America now looks a lot like 476 CE Rome.

https://www.ushistory.org/civ/6f.asp#:~:text=In%20476%20C.E.%20Romulus%2C%20the,1000%20years%20was%20no%20more.

In 476 C.E. Romulus, the last of the Roman emperors in the west, was overthrown by the Germanic leader Odoacer, who became the first Barbarian to rule in Rome. The order that the Roman Empire had brought to western Europe for 1000 years was no more.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 05, 2024, 12:49:07 PM
Binance BNB made a new ATH yesterday. I saw $711.67 per Coinranking. $712.59 per Coinmarketcap. That's the first top 10 crypto to reach ATH after Bitcoin. Ethereum still has a way to go. Looks like BNB might go to $1,000 and beyond. The previous ATH was $699 in 2021.

I unstaked all my BNB with the intent to sell a few months ago. I kept holding out and have still not sold anything. I probably should have left it staking a little longer.

https://ambcrypto.com/from-fud-to-ath-checking-bnbs-remarkable-recovery-to-700/

From FUD to ATH: Checking BNB’s remarkable recovery to $700

It is quite interesting that Binance Coin broke into new price ranges as the prison sentence of its former CEO begins.

Binance Coin [BNB] experienced several positive bounces in the last few days, with 4th June’s move pushing its price into a record-breaking range. This new price range has attracted more traders, leading to a surge in Open Interest to its highest level in months.

Binance breaks into new ATH
An analysis of Binance Coin’s price trend shows that it has experienced five consecutive days of uptrends. The most significant increase occurred on 4th June, when BNB saw a 9.53% rise.

The chart showed that the over 9% increase on 4th June took BNB’s price from around $626 to over $680. This price surge marked a new all-time high for BNB, making it the first altcoin to achieve a significant ATH in this cycle after Bitcoin.

This milestone is particularly notable given the FUD (Fear, Uncertainty, and Doubt) that surrounded it at a point. The FUD started after the US Department of Justice indicted its former CEO, Changpeng Zhao, and the company.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 05, 2024, 02:56:49 PM
Because you post 38min videos and when I ask for cliffs you copy/paste timestamps instead of the key points you took away from the video. It’s no different to if I posted pages and pages of raw data and said go chart it.

Homeless and lawlessness serve a purpose for future redevelopment. People seem to think buildings will sit vacant for valuation purposes….. those loans will get called in one way or another as credit lines shrink and they’ll be forced to liquidate at values so fucking low it isn’t funny. Others snap them up and redevelop 😉

You just don’t hear much about it because it doesn’t fit the collapse narrative.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on June 05, 2024, 05:24:24 PM
Bank of Canada and ECB about to cut rates….  Is Powell warming up the printer “brrrrrrrrr”?????   
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 06, 2024, 12:05:02 PM
Quote from: Mayday on June 05, 2024, 02:56:49 PM
Because you post 38min videos and when I ask for cliffs you copy/paste timestamps instead of the key points you took away from the video. It’s no different to if I posted pages and pages of raw data and said go chart it.

Homeless and lawlessness serve a purpose for future redevelopment. People seem to think buildings will sit vacant for valuation purposes….. those loans will get called in one way or another as credit lines shrink and they’ll be forced to liquidate at values so fucking low it isn’t funny. Others snap them up and redevelop 😉

You just don’t hear much about it because it doesn’t fit the collapse narrative.
We'll see how it turns out. All I care about is what's going to happen with the dollar. And I see a continuation of its declining purchasing power, per the last 100+ years. I don't see how it will reverse course.

(https://www.visualcapitalist.com/wp-content/uploads/2021/03/Purchasing-Power-of-the-U.S.-Dollar.jpg)

(https://cdn.howmuch.net/articles/Rise-and-Fall-of-the-USD-64c2.jpg)

https://www.usdebtclock.org/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on June 06, 2024, 04:10:46 PM
Quote from: obsidian on June 06, 2024, 12:05:02 PM
We'll see how it turns out. All I care about is what's going to happen with the dollar. And I see a continuation of its declining purchasing power, per the last 100+ years. I don't see how it will reverse course.

(https://www.visualcapitalist.com/wp-content/uploads/2021/03/Purchasing-Power-of-the-U.S.-Dollar.jpg)

(https://cdn.howmuch.net/articles/Rise-and-Fall-of-the-USD-64c2.jpg)

https://www.usdebtclock.org/


Isn’t a rather simple and basic response.  People didn’t even earn a dollar an hour back in the day?

Quick Google search people earned .20 cents an hour and ford was paying .26 cents an hour  or 2.34 cents a day.  Fast forward to 2024 California pay fast food workers 20 dollars an hour and back in 2022 when I visited San Fran was offering 22 an hour at in and out by fisherman’s wharf. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 06, 2024, 05:58:15 PM
Quote from: SouJerz on June 06, 2024, 04:10:46 PM

Isn’t a rather simple and basic response.  People didn’t even earn a dollar an hour back in the day?

Quick Google search people earned .20 cents an hour and ford was paying .26 cents an hour  or 2.34 cents a day.  Fast forward to 2024 California pay fast food workers 20 dollars an hour and back in 2022 when I visited San Fran was offering 22 an hour at in and out by fisherman’s wharf.
Correct. Salaries were around $2-3 per hour in the 60s. I spoke with old-timers who mentioned those numbers.

Salaries will go up to compensate for the dollar's reduction in purchasing power. Minimum wage might eventually be $50 per hour, and up from there. Which means assets like Bitcoin, etc. could increase in price, potentially at a greater rate than the rise in salaries.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on June 06, 2024, 08:19:41 PM
Quote from: obsidian on June 06, 2024, 05:58:15 PM
Correct. Salaries were around $2-3 per hour in the 60s. I spoke with old-timers who mentioned those numbers.

Salaries will go up to compensate for the dollar's reduction in purchasing power. Minimum wage might eventually be $50 per hour, and up from there. Which means assets like Bitcoin, etc. could increase in price, potentially at a greater rate than the rise in salaries.

What’s this “like” Bitcoin you speak of?  ETH to 25,000?

And I agree that’s why I keep scooping up satoshis.  And invest in real estate and some stonks.  It’s not that the dollar purchasing power is going down it’s that prices are going up faster than salaries. 


Like if 10,000 tons of steel cost a a billion euro but for the USA it was 10 billion dollars for the same amount of steel then I would say the dollars purchasing power is declining.  Like shitholes like turkey and Venezuela where there is was hyperinflation.   I just think it’s basic shit.  There’s a central bank in the USA.  It costs 1 million for your dream house but then the central bank prints an extra 30% in currency well now the home should cost 30% more.  And other assests holding dollars is a waste.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 07, 2024, 02:01:36 PM
Quote from: SouJerz on June 06, 2024, 08:19:41 PM
What’s this “like” Bitcoin you speak of?  ETH to 25,000?

And I agree that’s why I keep scooping up satoshis.  And invest in real estate and some stonks.  It’s not that the dollar purchasing power is going down it’s that prices are going up faster than salaries. 


Like if 10,000 tons of steel cost a a billion euro but for the USA it was 10 billion dollars for the same amount of steel then I would say the dollars purchasing power is declining.  Like shitholes like turkey and Venezuela where there is was hyperinflation.   I just think it’s basic shit.  There’s a central bank in the USA.  It costs 1 million for your dream house but then the central bank prints an extra 30% in currency well now the home should cost 30% more.  And other assests holding dollars is a waste.
Ok, this is why assets like Binance BNB are going up. BNB has outperformed BTC and ETH since 2017. It's up 28,483.68% since 2017. BTC is the king of all-time increase though. Since 2009 it's up 1.38 million %. That's relevant for those who got into Bitcoin in 2009 and held through all the ups and downs. Most of us who got into crypto in 2017 or later would have been better off getting BNB. It also appears safer because it already exceeded its previous 2021 ATH and is still looking pretty good after today's dump.

The dollar's purchasing power is going down. That statement can be viewed in isolation, irrespective of salaries. In 1913 a dollar could buy a lot more than in 2024. The purchasing power of the consumer is another matter. If wages rise faster than the dollar devalues then the consumer's purchasing power increases. I agree that the salaries are not keeping pace with the dollar devaluation.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on June 07, 2024, 02:12:42 PM
Quote from: obsidian on June 07, 2024, 02:01:36 PM
Ok, this is why assets like Binance BNB are going up. BNB has outperformed BTC and ETH since 2017. It's up 28,483.68% since 2017. BTC is the king of all-time increase though. Since 2009 it's up 1.38 million %. That's relevant for those who got into Bitcoin in 2009 and held through all the ups and downs. Most of us who got into crypto in 2017 or later would have been better off getting BNB. It also appears safer because it already exceeded its previous 2021 ATH and is still looking pretty good after today's dump.

The dollar's purchasing power is going down. That statement can be viewed in isolation, irrespective of salaries. In 1913 a dollar could buy a lot more than in 2024. The purchasing power of the consumer is another matter. If wages rise faster than the dollar devalues then the consumer's purchasing power increases. I agree that the salaries are not keeping pace with the dollar devaluation.

Speak for yourself Chief I’ve been in this game since 2016!  And I agree Binance would have been the smarter buy but what function does it have other than to use for Binance fees when selling other cryptos?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 07, 2024, 02:25:04 PM
Quote from: SouJerz on June 07, 2024, 02:12:42 PM
Speak for yourself Chief I’ve been in this game since 2016!  And I agree Binance would have been the smarter buy but what function does it have other than to use for Binance fees when selling other cryptos?
That's more function than Bitcoin, to be honest. It also has a steady burning mechanism. Burning will stop when there is 100 million BNB left.

The burning program was implemented with the establishment of Binance in 2017, funded by the sale of BNB tokens.

Asia accounts for 60% of the world's population. Binance has traction in Asia. Binance is hands-down the world's largest crypto exchange by trading volume, with tens of billions of dollars worth of crypto traded each day and access to over 350 cryptocurrencies. Beyond spot crypto, it also includes derivatives such as Bitcoin futures and options.

https://www.binance.com/en/square/post/1389713

The BNB was associated with discounted wages and planned deflation through the burning program.

25 Out of the 200 million BNB tokens initially produced. only about 152 million of them remained after the incineration process.

The burning program leads to natural deflation and supports the price curve of the BNB.

The destruction of the BNB will end when there are only 100 million BNB tokens left in circulation.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 07, 2024, 02:28:14 PM
Quote from: SouJerz on June 07, 2024, 02:12:42 PM
Speak for yourself Chief I’ve been in this game since 2016!  And I agree Binance would have been the smarter buy but what function does it have other than to use for Binance fees when selling other cryptos?
What function does PEPE or Doge have? Or WIF? All they have going is the meme, and a cute image. But it seems that's sometimes more important than real use cases - lol!

(https://preview.redd.it/elon-on-why-doge-was-his-favorite-crypto-exactly-3-years-v0-z6hq3ag64k2d1.png?width=640&crop=smart&auto=webp&s=0ae73b7a7c38232ac5484018525598f27de5ba5e)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on June 07, 2024, 02:46:09 PM
Quote from: obsidian on June 07, 2024, 02:28:14 PM
What function does PEPE or Doge have? Or WIF? All they have going is the meme, and a cute image. But it seems that's sometimes more important than real use cases - lol!

(https://preview.redd.it/elon-on-why-doge-was-his-favorite-crypto-exactly-3-years-v0-z6hq3ag64k2d1.png?width=640&crop=smart&auto=webp&s=0ae73b7a7c38232ac5484018525598f27de5ba5e)


I agree a 1000% on this.  I only hold gold and silver, aka BTC and ETH. I have gambled on alts but I only buy waiting for others to buy drive up the price and I like to leave the casino table early when I double up.  The BTC and ETH are HODL unless there’s a crazy investment opportunity in real estate which hasn’t happened yet.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on June 11, 2024, 06:04:23 PM
Where’s gib been? Did he sell his BTC and move to Thailand
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 11, 2024, 08:53:35 PM
Quote from: SouJerz on June 11, 2024, 06:04:23 PM
Where’s gib been? Did he sell his BTC and move to Thailand

Still recovering from the ETH ETF approvals.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 12, 2024, 12:55:55 AM
Quote from: obsidian on June 06, 2024, 12:05:02 PM
We'll see how it turns out. All I care about is what's going to happen with the dollar. And I see a continuation of its declining purchasing power, per the last 100+ years. I don't see how it will reverse course.

https://www.usdebtclock.org/

Yes, value declines but it is misleading.

Do you have less today than you did 20yrs ago? The answer is no.

Are things easier or harder than 20yrs ago? The answer is easier.

The advancement of materials, durability, technology is not quantified in currency debasement formulas which is why it is misleading. USD collapse crew has been wrong for decades because of this.

The decades ahead lead to less ownership of goods and services because life will make us decide it’s not beneficial to own something which mostly sits idle. This is how the future decades we can debase currency and wages because you won’t want to buy expensive things anymore. If you can grasp this concept you will be ahead of 98% of people.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on June 12, 2024, 01:58:12 AM
Quote from: SouJerz on June 11, 2024, 06:04:23 PM
Where’s gib been? Did he sell his BTC and move to Thailand

(https://lasd.org/wp-content/uploads/2022/09/090722.1031_SOC_Suicide-Prevention-Week.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 12, 2024, 07:51:47 AM
Quote from: Mayday on June 12, 2024, 12:55:55 AM
Yes, value declines but it is misleading.

Do you have less today than you did 20yrs ago? The answer is no.

Are things easier or harder than 20yrs ago? The answer is easier.

The advancement of materials, durability, technology is not quantified in currency debasement formulas which is why it is misleading. USD collapse crew has been wrong for decades because of this.

The decades ahead lead to less ownership of goods and services because life will make us decide it’s not beneficial to own something which mostly sits idle. This is how the future decades we can debase currency and wages because you won’t want to buy expensive things anymore. If you can grasp this concept you will be ahead of 98% of people.
There's some truth to your post for sure. I have a high-horsepower car that's a garage queen. I am too worried that it will get a rock chip when I take it out on the road. I sometimes wonder if I would be better off not having it. But I do love the car and will feel like shit if I did end up selling it.

I will never be an "own nothing and be happy person". But I am not above never leasing cars. I actually enjoy those cars more because I am not worried about wear and tear since it is a lease. Spilling coffee is not a big deal. But I feel like shit if that happens with one of the cars I own.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 12, 2024, 03:18:11 PM
Quote from: obsidian on June 12, 2024, 07:51:47 AM
There's some truth to your post for sure. I have a high-horsepower car that's a garage queen. I am too worried that it will get a rock chip when I take it out on the road. I sometimes wonder if I would be better off not having it. But I do love the car and will feel like shit if I did end up selling it.

I will never be an "own nothing and be happy person". But I am not above never leasing cars. I actually enjoy those cars more because I am not worried about wear and tear since it is a lease. Spilling coffee is not a big deal. But I feel like shit if that happens with one of the cars I own.

What car do you have?

We are car nuts. Had some nice stuff, C63, RS5, M5 etc. had a 700hp supercharged Aussie V8 which was awesome but I lived in an affluent area and it stood out like crazy to Police so I sold it after a year.

We both work from home, I have done so for 8yrs or so. We have the typical 2 cars. Just sold the Merc for a new Tesla Y Performance. Free fuel from my 40kw solar.

But my 45k car which I own outright, used $30 in fuel the last 2 months. I pay $300/mth just to have the car registered and insured to have the luxury to spend $15/mth in fuel…… that’s how quickly the tables can turn. So next month I am selling my car and buying something for 10k and lowering the monthly rego/insurance to around 150/mth. I will still spend the same $15/mth in fuel but it makes much more sense.

It’s not even that I need to change my car. I don’t need the money but I look at what a waste it is to have so much tied up in something which isn’t giving me joy.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 13, 2024, 06:31:51 AM
Quote from: Mayday on June 12, 2024, 03:18:11 PM
What car do you have?

We are car nuts. Had some nice stuff, C63, RS5, M5 etc. had a 700hp supercharged Aussie V8 which was awesome but I lived in an affluent area and it stood out like crazy to Police so I sold it after a year.

We both work from home, I have done so for 8yrs or so. We have the typical 2 cars. Just sold the Merc for a new Tesla Y Performance. Free fuel from my 40kw solar.

But my 45k car which I own outright, used $30 in fuel the last 2 months. I pay $300/mth just to have the car registered and insured to have the luxury to spend $15/mth in fuel…… that’s how quickly the tables can turn. So next month I am selling my car and buying something for 10k and lowering the monthly rego/insurance to around 150/mth. I will still spend the same $15/mth in fuel but it makes much more sense.

It’s not even that I need to change my car. I don’t need the money but I look at what a waste it is to have so much tied up in something which isn’t giving me joy.
It's a 850 HP modified Mustang. I bought it new and had various shops do modifications over the years.

Australia also has its fair share of muscle cars. I like the Falcon! I like the idea of more average looking cars being fast and loud. When you see a Ferrari or Lambo you know it's fast. My car is too loud to be a sleeper though. Actually, at idle it is not too crazy loud. WOT is when it sounds insane!

And yes, the fees all add up. Registration, insurance, maintenance. I have it set for storage insurance most of the year. But its still more than not having a car. Boats are the worst. I know people that pay over $1000 per month just to store their boats. A huge money pit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 13, 2024, 04:35:21 PM
Quote from: obsidian on June 13, 2024, 06:31:51 AM
It's a 850 HP modified Mustang. I bought it new and had various shops do modifications over the years.

Australia also has its fair share of muscle cars. I like the Falcon! I like the idea of more average looking cars being fast and loud. When you see a Ferrari or Lambo you know it's fast. My car is too loud to be a sleeper though. Actually, at idle it is not too crazy loud. WOT is when it sounds insane!

And yes, the fees all add up. Registration, insurance, maintenance. I have it set for storage insurance most of the year. But its still more than not having a car. Boats are the worse. I know people that pay over $1000 per month just to store their boats. A huge money pit.

Didn't pick you for a mustang guy given your Eth position ;D. I have 2 of them, one 600hp and the other about to drop motor In 700-800hp. They've greatly gone up in value as no real great car builders in Aus. One is valued at 450-500k and other upon completion this year maybe 350-400k.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 14, 2024, 02:16:30 PM
Quote from: Theoak* on June 13, 2024, 04:35:21 PM
Didn't pick you for a mustang guy given your Eth position ;D. I have 2 of them, one 600hp and the other about to drop motor In 700-800hp. They've greatly gone up in value as no real great car builders in Aus. One is valued at 450-500k and other upon completion this year maybe 350-400k.
I fixed my typo after I looked into it per Fortress - Worse = Worst  ;D

My ETH position? Because it went to POS? I've used my fair share of energy over the years. I mined ETH on and off for 4 years and had some decent energy bills to take care of.  ;D

Those are pretty big numbers. $500,000?!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 14, 2024, 02:40:27 PM
https://www.theblock.co/post/300021/gensler-says-ethereum-etf-s-1-approvals-likely-over-the-course-of-this-summer

Gensler says Ethereum ETF S-1 approvals likely 'over the course of this summer'

U.S. Securities and Exchange Commission Chairman Gary Gensler gave comments related to the timeline of spot ether exchange-traded fund listing approval in a Thursday hearing at the United States Senate Committee on Appropriations.

When U.S. Sen. Bill Hagerty (R-TN) asked Gensler about the approval process for ether ETFs, Gensler estimated the approvals to occur sometime this summer.

"Individual issuers still are working through the registration process. It's working smoothly," Gensler said, adding that listing approval could occur "sometime over the course of this summer."

On May 23, the SEC approved spot ether exchange-traded funds (ETFs) to be listed. Industry leaders predicted that, after approvals, their trading could occur sometime in July or August, and likely before November.

Spot ether ETFs give investors exposure to ethereum, the second largest cryptocurrency by market capitalization, without having to hold the asset itself.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on June 16, 2024, 03:54:50 AM
Quote from: obsidian on June 14, 2024, 02:16:30 PM
I fixed my typo after I looked into it per Fortress - Worse = Worst  ;D

My ETH position? Because it went to POS? I've used my fair share of energy over the years. I mined ETH on and off for 4 years and had some decent energy bills to take care of.  ;D

Those are pretty big numbers. $500,000?!

I mean your love for altcoin Eth.

500k aud not usd.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 16, 2024, 02:48:53 PM
Quote from: Theoak* on June 16, 2024, 03:54:50 AM
I mean your love for altcoin Eth.

500k aud not usd.
Why does preferring ETH not equal liking Muscle Cars? The two are unrelated.  ;D ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 18, 2024, 08:11:01 PM
Good news! ETH price going up because of this.

https://cryptobriefing.com/sec-ethereum-decision-cleared/

The SEC closes investigation into Ethereum 2.0, no securities charges against ETH: Consensys

The US Securities and Exchange Commission (SEC) has wrapped up its investigation into Ethereum 2.0 and will no longer pursue legal action claiming that ETH sales are securities transactions, according to a recent announcement from Consensys.

https://x.com/Consensys/status/1803230653120659641

ETHEREUM SURVIVES THE SEC.

Today we’re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0.

This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.

Consensys said this is a major win for Ethereum developers and businesses. It removes a cloud of uncertainty that could have hampered Ethereum’s growth.

As noted, the SEC’s decision comes after Consensys sent a letter to the SEC arguing that the recent approval of spot Ethereum ETFs implied ETH wasn’t a security, and the SEC should close the investigation. The SEC’s decision likely hinged on considering ETH a commodity, much like BTC, and signifies no forthcoming legal challenges in this regard.

Despite this progress, Consensys said the quest for definitive regulatory guidelines continues, especially concerning services like MetaMask Swaps and Staking. The team is still seeking broader clarity from the SEC on crypto regulations.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 19, 2024, 05:00:16 PM
Old video showing the day Bitcoin crashed to 1 cent, from $32 a few days prior in 2011. Epic crash! Amazing how Bitcoin recovered!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 20, 2024, 01:03:09 AM
Quote from: obsidian on June 19, 2024, 05:00:16 PM
Old video showing the day Bitcoin crashed to 1 cent, from $32 a few days prior in 2011. Epic crash! Amazing how Bitcoin recovered!



Thin books and spoofed orders. Binance AU were shockers and spoofed their volume and orderbook. I remember watching my limit order sit and have price move above my order without me being filled 😂 so dodgy, no shock they got banned here.

I’m hoping BTC doesn’t ATH in October.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on June 21, 2024, 08:34:05 PM
Quote from: Mayday on June 20, 2024, 01:03:09 AM
Thin books and spoofed orders. Binance AU were shockers and spoofed their volume and orderbook. I remember watching my limit order sit and have price move above my order without me being filled 😂 so dodgy, no shock they got banned here.

I’m hoping BTC doesn’t ATH in October.

That’s around 200 days post halving.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 22, 2024, 01:25:04 PM
Quote from: SouJerz on June 21, 2024, 08:34:05 PM
That’s around 200 days post halving.

What does the 200 mean? Should that tell us something?

Sorry, I’m unsure what it is you are pointing out.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on June 22, 2024, 05:40:37 PM
Historically 200 days post halving is when BTC price to rally to ATH.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 24, 2024, 02:24:38 PM
Take a moment for dip buyers. You are now round tripped. Take note of how it feels and it hasn’t even broken down to the next level yet.

This is why even though I bought at 17.5k I sold at 73.1k.

This cycle will end with a huge round trip and then sub 15k. It’s not over yet but it’s important to note this moment because when the price doesn’t go anywhere nears the spastic predictions people are claiming, you will be round tripped. Back to square one…… then you will go underwater…..

It’s an emotional roller coaster that I suspect many on this thread are burned out from as it’s dead quiet.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on June 24, 2024, 02:27:54 PM
(https://media.tenor.com/images/25eba48a338d64e17edc99f88f0482bf/tenor.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 24, 2024, 03:20:00 PM
Quote from: Mayday on June 24, 2024, 02:24:38 PM
Take a moment for dip buyers. You are now round tripped. Take note of how it feels and it hasn’t even broken down to the next level yet.

This is why even though I bought at 17.5k I sold at 73.1k.

This cycle will end with a huge round trip and then sub 15k. It’s not over yet but it’s important to note this moment because when the price doesn’t go anywhere nears the spastic predictions people are claiming, you will be round tripped. Back to square one…… then you will go underwater…..

It’s an emotional roller coaster that I suspect many on this thread are burned out from as it’s dead quiet.
Looking at the BTC chart I see higher lows every 4 years. During the 2017 bull run BTC went to $19.8k and then dumped to $3k. In 2021 it went to $68k and then dumped to $15k.

We are still early IMO. The $74k ATH was a bonus because of the ETF euphoria. Ethereum has not even surpassed the previous ATH. If you look at the ETH charts you'll see a similar picture unfold. Higher lows. And higher highs. Zoom out.

I will be surprised if BTC dumps to $15k ever again. But anything is possible I guess. A nuclear war for example changes everything. Especially an all out one that destroys civilization. Hopefully that's also unlikely. But anything is possible. The solar system was once a solar nebula dust cloud. All you see came from that! That's way more farfetched than a society destroying nuclear war. Yes, our origin is the wildest of wild concepts to wrap your head around.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 24, 2024, 03:22:59 PM
Quote from: Mayday on June 24, 2024, 02:24:38 PM
Take a moment for dip buyers. You are now round tripped. Take note of how it feels and it hasn’t even broken down to the next level yet.

This is why even though I bought at 17.5k I sold at 73.1k.

This cycle will end with a huge round trip and then sub 15k. It’s not over yet but it’s important to note this moment because when the price doesn’t go anywhere nears the spastic predictions people are claiming, you will be round tripped. Back to square one…… then you will go underwater…..

It’s an emotional roller coaster that I suspect many on this thread are burned out from as it’s dead quiet.
I held ETH from $1350 down to $80 in 2018/19. I held ETH again from $4800 down to $900 in the previous cycle.

Saylor has already declared he is willing to hold BTC down to zero. There's lots of holders with that mindset.

HODL.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 26, 2024, 11:07:57 AM
ETH ETF's possibly launching next week on 2 July.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 26, 2024, 11:38:43 AM
Quote from: Griffith on June 26, 2024, 11:07:57 AM
ETH ETF's possibly launching next week on 2 July.
Or 4 July. This won't stop the ETH FUD though. The new narrative is the ETH inflows will be a disappointment.

Meanwhile, I am pessimistic about Bitcoin's long-term Proof-of-Work viability. Miner yields will continue to half every 4 years. Why will many miners stick around? The fees won't be able to keep them paying for massive electrical bills and infrastructure. Renewable energy is not cheap either. Somebody has to pay for and build the wind towers, solar panel installations, etc.

I expect that they will have to either remove the 21 million cap to keep the miner dynamic going or something else. Proof of Stake won't work either because the cap means stakers can't receive BTC yields, unless it is robbed from non-stakers.

Surely the Wall Street yoyos have to realize this?! Why has nobody asked Saylor's opinion about that?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 27, 2024, 04:08:32 PM
Quote from: obsidian on June 26, 2024, 11:38:43 AM
Or 4 July. This won't stop the ETH FUD though. The new narrative is the ETH inflows will be a disappointment.

Meanwhile, I am pessimistic about Bitcoin's long-term Proof-of-Work viability. Miner yields will continue to half every 4 years. Why will many miners stick around? The fees won't be able to keep them paying for massive electrical bills and infrastructure. Renewable energy is not cheap either. Somebody has to pay for and build the wind towers, solar panel installations, etc.

I expect that they will have to either remove the 21 million cap to keep the miner dynamic going or something else. Proof of Stake won't work either because the cap means stakers can't receive BTC yields, unless it is robbed from non-stakers.

Surely the Wall Street yoyos have to realize this?! Why has nobody asked Saylor's opinion about that?

BTC can’t go to proof of stake otherwise it becomes a meme coin.

The difficulty adjustments are there to take into account miner participation. Miners get paid in BTC, not money. Miners sell BTC to pay for energy/op costs.. Price of BTC gets impacted by miners. Price influencers miner Participation which influences difficulty and influencers the BTC payout. There is no issue there at all.

The question is what I proposed a while back which is the US centralisation of the BTC network. For people who use morality first and profit second, they already face this of their own moral code. For anyone truly in it for privacy etc you’d have already sold once China left the mining and the US began centralising to take control of the network. Making xxxxx% gains changes people’s morals once they have the money. That Keiser dude is a total fraud, leads soooo many to wreckage and he knows it but hides behind some fake morality.

Trump already stated the US should own the crypto industry. The ETFs now have them in control of price. The mining has them in majority of the mining pool in control of the network to put others out of business (khazakstan is left). 

What lies ahead the next few years is the US is going to nuke the shit out of BTC and drive other miners out of business. They take control of the network at the low market prices, then drive the hash rate through the ceiling preventing anyone else from catching up with GPU power. Then future BTC price will be under US control like the Gold market. Done.

Everyone gunna get round tripped dude.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 27, 2024, 07:05:01 PM
Quote from: Mayday on June 27, 2024, 04:08:32 PM
BTC can’t go to proof of stake otherwise it becomes a meme coin.

The difficulty adjustments are there to take into account miner participation. Miners get paid in BTC, not money. Miners sell BTC to pay for energy/op costs.. Price of BTC gets impacted by miners. Price influencers miner Participation which influences difficulty and influencers the BTC payout. There is no issue there at all.

There is an issue. The BTC block rewards half every 4 years. Earlier this year each block netted 6.25 BTC. Around 144 blocks are being mined per day. This equaled 900 BTC per day being issued to miners in January 2024. Then the most recent halving occurred on April 20, 2024. Now each block reward is 3.125 BTC, exactly half of what it was prior to the halving. About the same amount of blocks are mined per day, so the miners are netting around 450 BTC per day. The current cost to mine one BTC is a little over $80k. The current BTC price is almost $20k below that. Miners are operating at a loss. The price of BTC needs to go up a lot for them to be profitable. Would you mine BTC at a loss? Why not just buy and hold vs mine? I mined Ethereum and I would have been better off buying when it was at rock bottom. Sure, when Ethereum was over $4,000 I obtained ETH well below that price via mining, below $1000 per ETH. But when ETH was at $80 I was mining at a loss. I was using the rigs to heat the house so that is how I rationalized it.

Now imagine in 4 years we have another halving. At that point 225 BTC will be mined per day worldwide. Then in another 4 years it goes down to around 112.5 BTC. That's in 2032. In 2036 it is down to 56.25 BTC. That's not too far off in the future. BTC can be mined technically for over 100 years. But the miner rewards will be so low few will stick around for that. So either the transaction fees have to go up dramatically making BTC transactions super expensive. Or they need a very, very low energy source that can ensure no single point of attack. How will the BTC network sustain itself with all these upcoming halvings?

Bitcoin - Average Mining Costs
https://en.macromicro.me/charts/29435/bitcoin-production-total-cost

Bitcoin - Blocks per Day
https://charts.bitbo.io/blocks-daily/

Quote from: Mayday on June 27, 2024, 04:08:32 PM
What lies ahead the next few years is the US is going to nuke the shit out of BTC and drive other miners out of business. They take control of the network at the low market prices, then drive the hash rate through the ceiling preventing anyone else from catching up with GPU power. Then future BTC price will be under US control like the Gold market. Done.

Everyone gunna get round tripped dude.
GPUs were pushed out of Bitcoin mining more than a decade ago. You can't really mine BTC with a GPU. Not even the fastest ones out there. You can try, but you just won't receive any BTC.  ;D

https://www.reddit.com/r/BitcoinMining/comments/17f50vc/mining_bitcoin_with_gpu/

GPUs could not keep up with ASIC devices that were introduced around 2013. ASIC devices are like appliances that have one purpose. A GPU can be used for many functions. ASIC devices are fine-tuned for a specific algorithm. They can hash at a much higher rate per watt. POW Ethereum and ZCASH were supposed to be ASIC-resistant to ensure decentralization and an even playing field for all miners. But eventually, ASIC miners started taking over Ethereum mining as well. The Ethereum developers already decided to switch to Proof-of-Stake so they decided not to do a fork to push out the ASIC miners. GPU devices could still mine Ethereum though. I mined until the switch to POS happened. I watched it happen in real-time. My miners were mining and suddenly a connection lost started appearing on the screen. Was kind of sad to see it and I took a few screenshots. I have them saved somewhere.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 27, 2024, 07:36:26 PM
Quote from: Mayday on June 27, 2024, 04:08:32 PM
BTC can’t go to proof of stake otherwise it becomes a meme coin.
Not all meme coins have a POS consensus. Dogecoin is the first meme coin and it operates via Proof of Work - lol!

Ethereum is not a meme coin and it operates via POS. Same with Solana or Cardano. Memes have nothing to do with POS.

I know you don't like to click on links and I don't want to sound like an asshole, but come on! You've mentioned GPUs and BTC mining and now memes and POS. You might want to click on a few links and start reading!  ;D ;)

I think Bitcoin will be a lot more viable if they uncap it when the supply hits 20 million in a few years and switch to Proof-of-Stake and a burning of some transaction fees. Similar to Ethereum. 20 million BTC and an inflation rate of around 0.5% is not too bad. That would ensure continued demand for Bitcoin. BTC capped at 21 million and dwindling miner rewards is a recipe for failure.

Many of the smartest people in crypto have agreed that a bitcoin without block rewards is problematic. The security of the network will most likely suffer, as some miners will definitely try to undercut or selfish mine, which puts the blockchain under a constant threat.

On the Instability of Bitcoin Without the Block Reward
https://www.cs.princeton.edu/~arvindn/publications/mining_CCS.pdf

https://www.reddit.com/r/CryptoCurrency/comments/gi0983/on_the_instability_of_bitcoin_without_the_block/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on July 03, 2024, 06:34:13 AM
Here’s When Ethereum ETFs Are Going to Launch

Multiple industry analysts believe that Bitcoin exchange-traded funds (ETFs) could be on track to be launched in mid-July.  According to industry sources that were cited in a recent Bloomberg report, multiple applicants are supposed to submit their amended S-1 forms before July 8.

As noted by Nate Geraci, president of The ETF Store, this would mean that the final approval of S-1 forms is expected to take place by July 12. This would "theoretically" mean the launch week of July 15, according to Geraci.

https://u.today/heres-when-ethereum-etfs-are-going-to-launch
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on July 03, 2024, 06:47:01 AM
(https://media.tenor.com/images/25eba48a338d64e17edc99f88f0482bf/tenor.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 03, 2024, 02:32:35 PM
Quote from: loco on July 03, 2024, 06:47:01 AM
(https://media.tenor.com/images/25eba48a338d64e17edc99f88f0482bf/tenor.gif)

The market is exhausted. The BTC dip buyers who were very loud ran dry months ago, now round tripped.

My formula for an ATH is still alive and just like it suggested, it’d be a very disappointing road to an ATH.

The ETFs haven’t even been the ones unloading yet we tagged 58k 😂  Oh Lordy.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 05, 2024, 03:20:58 AM

The Round tripped now become the underwater…… 

libera te tutemet ex inferis

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 06, 2024, 03:07:31 PM
Governments sitting back looking at this...

https://cryptodnes.bg/en/ethereum-has-generated-twice-as-much-tax-revenue-as-bitcoin/

Ethereum Has Generated Twice as Much Tax Revenue as Bitcoin

According to a recent Lookonchain report, Ethereum has outpaced Bitcoin in fee revenue by an impressive 100% in the past year.

Specifically, the Ethereum network generated $2.73 billion in fee revenue, taking the top spot in the industry.

The data highlights Etherium’s significant lead, which has doubled Bitcoin‘s fee revenue.

This success is largely due to ETH’s broader suite of applications and services, which results in more fees and transactions.

Bitcoin follows in second place with $1.3 billion in fees. The Tron network rounds out the top three with nearly $460 million.

Solana added $241.3 to the total, Binance Smart Chain registered $176.6 million and Avalanche $68.83 million.

Additionally, zkSync Era earned nearly $60 million, Optimism amassed $40.4 million and Polygon $23.9 million.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on July 09, 2024, 08:02:32 AM
ok can someone tell me why I am the author of this thread?  I didn't start it.  I was the first one to reply to it I believe, but I didn't start it.  I can only assume the original author was deleted and I assumed the first post????
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on July 09, 2024, 10:07:05 AM
Quote from: LurkerNoMore on July 09, 2024, 08:02:32 AM
ok can someone tell me why I am the author of this thread?  I didn't start it.  I was the first one to reply to it I believe, but I didn't start it.  I can only assume the original author was deleted and I assumed the first post????

Gib started the thread and deleted his post.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on July 09, 2024, 03:22:24 PM
Quote from: Griffith on July 09, 2024, 10:07:05 AM
Gib started the thread and deleted his post.

ahh... I was thinking something like that.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 09, 2024, 03:26:21 PM
Quote from: LurkerNoMore on July 09, 2024, 03:22:24 PM
ahh... I was thinking something like that.

If you hadn’t responded, the thread would have vanished. It’s now 445 pages of lunatics posting :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 11, 2024, 02:41:47 AM
Quote from: Griffith on July 09, 2024, 10:07:05 AM
Gib started the thread and deleted his post.

Actually I asked Ron how this happened, as yes, it was me that started this thread.

Ron told me at the time that he took some prior threads and just merged them under mine (I guess tidying up the forum). So whilst it may appear I deleted something after starting this topic, that is not what happened. Hope that helps clarify the mystery of this awesome discussion!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on July 15, 2024, 10:39:22 AM
When are we getting this Ether ETF?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 15, 2024, 02:13:48 PM
Quote from: SouJerz on July 15, 2024, 10:39:22 AM
When are we getting this Ether ETF?
Many are saying soon. I don't know at this point. I think it should have been ready by now.

https://www.ccn.com/news/crypto/ethereum-etfs-limbo-experts-irked-secs-silence/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on July 15, 2024, 02:20:18 PM
(https://media.tenor.com/images/25eba48a338d64e17edc99f88f0482bf/tenor.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 15, 2024, 03:43:22 PM
Quote from: loco on July 15, 2024, 02:20:18 PM
(https://media.tenor.com/images/25eba48a338d64e17edc99f88f0482bf/tenor.gif)
[sarcasm]
Hold your panties till July 23rd!

I know you can't stand the tension!
[/sarcasm]

https://www.theblock.co/post/305438/spot-ethereum-etfs-likely-to-launch-july-23-sources
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 15, 2024, 03:44:41 PM
Probably jinxing us all here!

(https://media1.giphy.com/media/DxbAro4C39Qi5kJmPb/200.gif?cid=790b7611sbgi1rf8byecwxypwdh3kg2o26bxfwkslk3gvh36&ep=v1_gifs_search&rid=200.gif&ct=g)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Slapper on July 19, 2024, 06:33:20 PM
Anyone smell the $10,000 daily candles yet?

(https://media1.giphy.com/media/jtkeAGD6bIaNlXrUn9/200w.gif?cid=6c09b9529o3hqqetocx9aezf9uo9nfamvim9lw6k4zqufoam&ep=v1_gifs_search&rid=200w.gif&ct=g)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 19, 2024, 11:34:54 PM
Bitcoin as US reserve currency: Trump team reportedly considers adding BTC to Treasury

(Kitco News) – Presidential candidate Donald Trump has seen his odds of winning the 2024 Presidential Election surge in the wake of his failed assassination attempt. As analysts start to focus on how his policies could affect the U.S. economy, one rumor bodes extremely well for the cryptocurrency ecosystem: Trump could label Bitcoin (BTC) as a strategic asset at the upcoming Bitcoin 2024 Conference in Nashville.

According to Dennis Porter, co-founder of the non-profit organization Satoshi Act, inside sources have told him that labeling Bitcoin as a reserve asset is on Trump’s to-do list, and the Bitcoin 2024 Conference, scheduled to take place from July 25 - July 27, offers the opportune time to make the announcement.

“Adding #Bitcoin as a ‘strategic reserve’ to the US Treasury is a no brainer and once the USA does it, the paradigm will shift and the world will understand they must also have a #Bitcoin position,” he said in a follow-up post. “When the USA leads, the world follows.”

“Bitcoin is a borderless, censorship-resistant, decentralized, counter-party free, perfectly finite, digital gold with an immutable ledger and no method for capture,” he added. “Of course governments are going to want some for themselves. It’s an absolute no-brainer.”

Highlighting the fact that the U.S. government currently holds around $5.5 billion worth of Bitcoin that has been seized in various law enforcement operations, Porter said, “The next President of the USA should sign an executive order to convert the $5.5 billion held by the US Government into a strategic reserve at the US Treasury then use that reserve to back the dollar with #Bitcoin.”

https://www.kitco.com/news/article/2024-07-19/bitcoin-us-reserve-currency-trump-team-reportedly-considers-adding-btc
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 19, 2024, 11:35:53 PM
Quote from: Slapper on July 19, 2024, 06:33:20 PM
Anyone smell the $10,000 daily candles yet?

(https://media1.giphy.com/media/jtkeAGD6bIaNlXrUn9/200w.gif?cid=6c09b9529o3hqqetocx9aezf9uo9nfamvim9lw6k4zqufoam&ep=v1_gifs_search&rid=200w.gif&ct=g)
LMFAO!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on July 20, 2024, 12:02:53 PM
Confirmed: Spot Ethereum ETF Launching Next Week

Chicago Board Options Exchange (CBOE) has confirmed that five spot Ethereum ETFs are going live by July 23.

https://u.today/confirmed-spot-ethereum-etf-launching-next-week
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 20, 2024, 05:21:43 PM
Maybe the grayscale outflows won't be as bad as those from the Grayscale BTC ETFs.

https://www.benzinga.com/markets/cryptocurrency/24/07/39864999/grayscale-investments-lowers-proposed-fee-for-ethereum-etf-wised-up-says-analyst

Grayscale Investments Lowers Proposed Fee For Ethereum ETF, 'Wised Up,' Says Analyst

Grayscale took a strategic step by cutting its proposed fee for its spot Ethereum ETH/USD ETF by a significant 40%, thereby trying to gain an edge over competitors in the imminent asset race.

What Happened: Grayscale revised its intended sponsor fee for the Ethereum Mini Trust to 0.15%, a substantial drop from the initially proposed 0.25% fee, The Block reported. The full waiver is at $2 billion. The original fee was on par with similar offerings by BlackRock and Fidelity, as well as a proposed fund by Invesco and Galaxy.

The revised fee now undercuts rival funds by Franklin Templeton (0.19%), VanEck (0.20%), Bitwise (0.20%) and 21Shares (0.21%).

Grayscale is gearing up to convert its Ethereum Trust  ETHE — which currently manages about $10 billion in assets — into an ETF. The fee for this product is expected to remain at 2.5%. The firm has structured its Mini Ethereum Trust such that 10% of ETHE's ether holdings are channelled into the cheaper product.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on July 22, 2024, 11:44:42 AM
ETH ETF's starting tomorrow, 23 July.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 23, 2024, 06:33:01 PM
Ether ETF Volumes Top $1B on Day One
Nearly half of the volume came from Grayscale’s Ethereum Trust and could thus represent outflows.

Investors traded over $1 billion worth of shares of the freshly launched ether exchange-traded fund (ETF) issuers on the first day of their availability, data from Bloomberg shows.

Trading volume simply represents the dollar amount of shares exchanged and doesn’t give any insights into whether these trades signal inflows or outflows. It is also unclear whether investments were made with a long term vision or for short term gains in the form of arbitrage trades, for example.

The spot bitcoin ETFs, for example, saw $4.5 billion in trading volume on launch day but only roughly $600 million of that represented inflows.
Grayscale’s Ethereum Trust (ETHE) turned out to be the most traded on day one with volume of nearly $458 million, or nearly half of the overall volume.
BlackRock’s iShares Ethereum Trust (ETHA) saw $243 million in trading volume – with this far more likely to be inflows versus the action the Grayscale fund.

All other six funds saw below $100 million with 21Shares’ Core Ethereum ETF (ETHC) seeing the least traction on day one.

With the overall trading volume maxing out at $1.077 billion, the funds saw roughly 20% of the trading volume that the spot bitcoin ETFs experienced on launch day in January.

https://www.coindesk.com/markets/2024/07/23/ether-etf-volumes-top-1b-on-day-one/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on July 24, 2024, 12:32:22 PM
Quote from: obsidian on July 23, 2024, 06:33:01 PM
Ether ETF Volumes Top $1B on Day One
Nearly half of the volume came from Grayscale’s Ethereum Trust and could thus represent outflows.

Investors traded over $1 billion worth of shares of the freshly launched ether exchange-traded fund (ETF) issuers on the first day of their availability, data from Bloomberg shows.

Trading volume simply represents the dollar amount of shares exchanged and doesn’t give any insights into whether these trades signal inflows or outflows. It is also unclear whether investments were made with a long term vision or for short term gains in the form of arbitrage trades, for example.

The spot bitcoin ETFs, for example, saw $4.5 billion in trading volume on launch day but only roughly $600 million of that represented inflows.
Grayscale’s Ethereum Trust (ETHE) turned out to be the most traded on day one with volume of nearly $458 million, or nearly half of the overall volume.
BlackRock’s iShares Ethereum Trust (ETHA) saw $243 million in trading volume – with this far more likely to be inflows versus the action the Grayscale fund.

All other six funds saw below $100 million with 21Shares’ Core Ethereum ETF (ETHC) seeing the least traction on day one.

With the overall trading volume maxing out at $1.077 billion, the funds saw roughly 20% of the trading volume that the spot bitcoin ETFs experienced on launch day in January.

https://www.coindesk.com/markets/2024/07/23/ether-etf-volumes-top-1b-on-day-one/

Why's the price completely crashing down then? :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on July 24, 2024, 01:29:28 PM
There is always time to exchange your ETH for SOL.
The cost of ETH will remain too high, the network too slow, and the additional layers too heavy to ever be adopted.

The Solana mainnet is still in beta mode and is becoming more mature every day. the main catalysts were network outages and the teams' ability to correct problems in record time.
The blockchain is becoming more and more robust and the deployment of Firedancer in 2025 will ultimately make it the Blockain all in one number one among institutions and the general public.

Jupiter surpassed Uniswap in trading volume

Hamilton Lane's SCOPE Fund: Hamilton Lane's Senior Credit Options Fund (SCOPE) is now available on Libre, providing new investment opportunities for #Solana users SCOPE offers consistent performance and cash income, rapid capital deployment and monthly liquidity.

Key Perspectives: Executives from Libre, Hamilton Lane and the Solana Fund emphasize the importance of this launch. They highlight the benefits of Solana's speed and security in democratizing access to quality financial products.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 24, 2024, 03:48:34 PM
Quote from: affeman on July 24, 2024, 12:32:22 PM
Why's the price completely crashing down then? :D
Looks like the Grayscale outflows are similar to what happened with Bitcoin. Grayscale lowered fees for their Mini ETH Trust to 0.15%. But the converted Grayscale ETH Trust fee remains at 2.5%, significantly higher than the other Spot ETH ETFs. Grayscale is greedy. Some investors won't exit immediately because of tax implications for capital gains. And Grayscale is taking advantage of that.

Bulk ETH purchases are made over the counter with Coinbase. That does not move the needle as much as retail purchasing.

Bitcoin saw a price reduction after the initial spot trading and gradually picked up pace.

We'll see what happens. Spot trading was a little over $1 billion yesterday and close to $1 billion today. But the Grayscale outflows are in that mix.

https://www.theblock.co/post/307320/spot-ethereum-etfs-generate-937-million-in-volume-in-second-day-of-trading

Spot Ethereum ETFs generate $951 million in volume in second day of trading

Rennick Palley, a founding partner at VC firm Stratos, noted some early signs of rotation from the spot Bitcoin ETFs into Ethereum ETFs, which he said is "an indication of interest in diversification across crypto assets in ETF form."

Earlier Wednesday, Bitwise President Teddy Fusaro noted a trading difference between the Ethereum ETFs and spot Bitcoin ETFs.

"Ethereum ETFs have traded about $852 million in value today thus far. Bitcoin ETFs have traded about $1.1 billion," Fusaro said on X. "Surprised that ETH ETFs are trading about 75% of the notional value of BTC ETFs today - higher than I expected."
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 24, 2024, 04:01:16 PM
Quote from: French on July 24, 2024, 01:29:28 PM
There is always time to exchange your ETH for SOL.
The cost of ETH will remain too high, the network too slow, and the additional layers too heavy to ever be adopted.

The Solana mainnet is still in beta mode and is becoming more mature every day. the main catalysts were network outages and the teams' ability to correct problems in record time.
The blockchain is becoming more and more robust and the deployment of Firedancer in 2025 will ultimately make it the Blockain all in one number one among institutions and the general public.

Jupiter surpassed Uniswap in trading volume

Hamilton Lane's SCOPE Fund: Hamilton Lane's Senior Credit Options Fund (SCOPE) is now available on Libre, providing new investment opportunities for #Solana users SCOPE offers consistent performance and cash income, rapid capital deployment and monthly liquidity.

Key Perspectives: Executives from Libre, Hamilton Lane and the Solana Fund emphasize the importance of this launch. They highlight the benefits of Solana's speed and security in democratizing access to quality financial products.
And pay huge capital gains tax?! LOL - no thanks. If I get into Solana it will be via new purchases.

Solana is the fast, low-cost blockchain that simply never works
https://www.tradingview.com/news/cointelegraph:918464edf094b:0-solana-is-the-fast-low-cost-blockchain-that-simply-never-works/

There's lots of hype and BS with Solana. The TPS is exaggerated, its prone to spam, goes offline, more centralized, expensive hardware requirements for validators, has high inflation.

But I am sure it will pump via degens. Just realize it can crash hard also, as we have seen numerous times. I am a bit suspicious of the Ukrainian Co-Founder.

Here's a debate between Ethereum Researcher Justin Drake, and Solana’s Co-Founder Anatoly Yakovenko. Very interesting.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on July 25, 2024, 01:38:51 AM
All few crashs duration were max 2 hours.
About 6 hours on a year for a 24/7 operational model.
What about share market, bank, Swift network etc..closed 60% of the year.

Solana has shown major adoption and continues to mature, overcoming technological growing pains and highlighting the potential of high-throughput, monolithic architectures,” Franklin Templeton stated.

https://www.franklintempleton.com/ (https://www.franklintempleton.com/)


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on July 25, 2024, 02:57:06 AM
Quote from: French on July 25, 2024, 01:38:51 AM
All few crashs duration were max 2 hours.
About 6 hours on a year for a 24/7 operational model.
What about share market, bank, Swift network etc..closed 60% of the year.

Solana has shown major adoption and continues to mature, overcoming technological growing pains and highlighting the potential of high-throughput, monolithic architectures,” Franklin Templeton stated.

https://www.franklintempleton.com/ (https://www.franklintempleton.com/)

Stop pushing that f*ing shitcoin on here FFS, no one is going to buy it. Have you mortgaged your house to buy Solana or why are you so desperate? lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 25, 2024, 06:11:07 AM
Eth getting absolutely RAPED today.

Let that be a lesson to all. Do not chase imitators to the invention which was created to be global money. The conception of such a tool can only happen once. By all means, look at layer 2 technologies which sit on or integrate with BTC - but for every other "alt" (which is what they are, insofar as BTC's value proposition) you are best to assess them on a calculated fundamental value, which for the vast majority of alts is close to zero - a lesson which is learned every cycle...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 25, 2024, 09:38:38 AM
Quote from: gib on July 25, 2024, 06:11:07 AM
Eth getting absolutely RAPED today.

Let that be a lesson to all. Do not chase imitators to the invention which was created to be global money. The conception of such a tool can only happen once. By all means, look at layer 2 technologies which sit on or integrate with BTC - but for every other "alt" (which is what they are, insofar as BTC's value proposition) you are best to assess them on a calculated fundamental value, which for the vast majority of alts is close to zero - a lesson which is learned every cycle...
BTC WAS RAPED DOWN 16% FROM JAN 8 TO JAN 22 AFTER THE ETF LAUNCH BECAUSE OF GRAYSCALE.

Ethereum is seeing a correction for the same reason - because of Grayscale outflows.

Bitcoin to me has a foundational flaw. The halving events keep reducing miner rewards. Eventually, many will abandon ship and a few will remain leading to centralization and less security. Bitcoin only works with miners receiving BTC as a reward for their expenses. The thought is that fees would help retain miners. How high would the fees have to be though? That sounds unrealistic to me. In 16-24 years this will become a major issue IMO. Mining is already unprofitable for many BTC miners. It currently cost over $70,000 to mine one BTC. It was over $94,000 a few month ago after the halving.

https://en.macromicro.me/charts/29435/bitcoin-production-total-cost

Mining is kind of moronic when you think about it. I mined ETH for many years and at times would have been better off just buying it. The rigs did heat our home in the winter though so there was a benefit there. Large mining operations though don't do it to heat spaces because they don't live in the facilities - lol!

The most profitable move would have been to buy Binance BNB in late 2017 and call it a day.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on July 25, 2024, 09:39:57 AM
“When observing the current price of Ethereum (ETH), it is worth remembering that after the launch of Bitcoin ETFs, despite the influx of new capital, the cryptocurrency saw an almost 18% decline”

https://decrypt.co/241597/ethereum-etfs-are-trading-wen-eth-price-go-up
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 25, 2024, 09:56:48 AM
Just look and observe at the BTC to ETH price ratio. You will see ETH continues to decline. (Had a little pop on ETF hope, which turns out to be a real dud, and now has resumed its continued downward trend. Eth is now down 24% to BTC since the beginning of the year, and this is likely to continue. So we might well be looking at down 35-50% BTC by year end.

BTC's price has always risen to incentivise mining. I see no reason why this will not continue to be the case. Pure capitalism and arbitrage of energy allocation will lead to BTC mining always being incentivized.

Further, transaction fees will eventually rise, also being profitable for miners (and of course most of us by then will primarily be transaction on layer 2s).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on July 25, 2024, 10:26:29 AM
In absolute terms, the capitalization of Bitcoin will be capped in the future.
All added value will be made on Smart Contracts, NFTs and Defi.
Ethereum will gradually die and be overtaken by the only ultra-efficient and secure all-in-one blockchain.
In the medium term, Solana will exceed the market capitalization of Ethereum and then, thanks to the massive adoption by institutions of this added value, absent from Bitcoin which will remain the store of value par excellence, will exceed its market capitalization.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 25, 2024, 12:00:26 PM
Quote from: French on July 25, 2024, 10:26:29 AM
In absolute terms, the capitalization of Bitcoin will be capped in the future.


True, but BTC's current value is less than .01% of that absolute cap. So a looooooong outlook of continued valuation increase before that cap is ever hit.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 25, 2024, 03:14:37 PM
Quote from: gib on July 25, 2024, 09:56:48 AM
Just look and observe at the BTC to ETH price ratio. You will see ETH continues to decline. (Had a little pop on ETF hope, which turns out to be a real dud, and now has resumed its continued downward trend. Eth is now down 24% to BTC since the beginning of the year, and this is likely to continue. So we might well be looking at down 35-50% BTC by year end.

BTC's price has always risen to incentivise mining. I see no reason why this will not continue to be the case. Pure capitalism and arbitrage of energy allocation will lead to BTC mining always being incentivized.

Further, transaction fees will eventually rise, also being profitable for miners (and of course most of us by then will primarily be transaction on layer 2s).
We'll see. ETH is already a bargain and undervalued compared to BTC. It has a lower inflation rate, gives yield, and has a lot more utility. Ethereum's fee revenue is double Bitcoin's. Almost 30% of ETH is staked. There is regulatory clarity with the Spot ETH ETFs.

https://cryptodnes.bg/en/ethereum-has-generated-twice-as-much-tax-revenue-as-bitcoin/

You don't understand the predicament facing Bitcoin in 16-24 years. You say all transactions will be on Layer2s. Those fees will be low and layer 2 security needs to be provided by the Layer 1 network. The miners are there to secure Layer 1. So how will the fees be high enough to pay for their infrastructure and electrical costs? Even a $1000 Layer 1 fee won't be enough. Bitcoin mining is already unprofitable right now. Imagine 4 years from now the BTC mining rewards will be 50% less. And 4 years later?

16 years from now the BTC rewards will be 1/16th what it is now. The current cost to mine 1 BTC is around $70,000 and even went as high as $90,000 after the recent halving. https://en.macromicro.me/charts/29435/bitcoin-production-total-cost

$70,000 x 16 = $1,120,000 mining cost per BTC at current difficulty and energy costs
$90,000 x 16 = $1,440,000 mining cost per BTC at April 2024 difficulty and energy costs

24 years from now the BTC rewards will be 1/64th what it is now. The current cost to mine 1 BTC is around $70,000 and even went as high as $90,000 after the recent halving.

$70,000 x 64 = $4,480,000 per BTC mining cost per BTC at current difficulty and energy costs
$90,000 x 64 = $5,760,000 per BTC mining cost per BTC at April 2024 difficulty and energy costs

Energy costs will likely be much higher. So the cost to mine 1 BTC 16-24 years from now will probably be a lot higher than indicated above. It will become a centralized network. Governments could sustain it if they secured their currencies with BTC. But there is a question mark around how long decentralized BTC mining will be sustainable given that it is unprofitable for miners at current BTC prices.

1              2024 (1x)
.5             2028 (2x)
.25           2032 (4x)
.125         2036 (8x)
.0625       2040 (16x)
.03125     2044 (32x)
.015625   2048 (64x)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 25, 2024, 07:56:14 PM
ETH ETF investors would love to buy Ethereum at a discount. I'd like to know if the Grayscale BTC and ETH selloffs were backroom deals to allow the other ETF applicants' clients to enter the crypto space at lower floors...

The word "Ethereum" hanging from the 120yr old New York Stock Exchange building.

https://x.com/NateGeraci/status/1816620919353483273
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 25, 2024, 08:09:24 PM
Quote from: French on July 25, 2024, 10:26:29 AM
In absolute terms, the capitalization of Bitcoin will be capped in the future.
All added value will be made on Smart Contracts, NFTs and Defi.
Ethereum will gradually die and be overtaken by the only ultra-efficient and secure all-in-one blockchain.
In the medium term, Solana will exceed the market capitalization of Ethereum and then, thanks to the massive adoption by institutions of this added value, absent from Bitcoin which will remain the store of value par excellence, will exceed its market capitalization.
Solana is not as secure. You're making claims as if they are facts.

Let's look at the various consensus methods.

Bitcoin - Proof of Work
Ethereum - Proof of Stake
Solana - Proof of History

They each have advantages and disadvantages. There's room for more than one or three thriving blockchains. It is unrealistic to expect Solana L1 to do everything on one chain - without choking. The hardware requirements would be insane. There's already talk of Solana Layer 2s. Realize that the security of a chain first starts with the L1. The L2s derive their security from the L1. The argument is that Solana can do everything on L1 and that Ethereum's L1 + L2 design is flawed. That narrative is destroyed when Solana also jumps on the L2 bandwagon. Solana has a spam problem, failed transactions, shutdowns, high inflation, and expensive validator hardware. It seems to be fast but those numbers are exaggerated. It is a valid project though and has gained traction - I won't deny that.

https://cointelegraph.com/news/blockchains-like-solana-brag-about-tps-but-it-s-misleading

https://coinfomania.com/solana-founder-says-theres-nothing-stopping-devs-from-building-l2s/

All the major blockchains have pros and cons.

Pros and Cons of Proof of History (PoH)
Solana’s Proof of History (PoH) technique has several advantages for the network. The main benefit is that it significantly improves the scalability of the blockchain as previous transactions can be efficiently verified while minimizing data storage requirements. It is also extremely energy efficient, reducing the carbon footprint of PoH-enabled blockchains.

The main disadvantage is that it relies on a trusted third party, the PoH generator, to generate the hashes that are included in the blockchain. This PoH generator plays an important role in the security and reliability of the network, and the network in general can be negatively affected if the PoH generator is unreliable.

Possible problems with Proof of History (PoH)
Although proof-of-history can enable incredibly fast and efficient blockchain systems, it has its limitations.

By far the most important of these is centralisation. At the heart of the PoH system are PoH generators, which are used to generate a PoH sequence. Since there is only one PoH generator at a time, these represent a single point of failure and are viewed by some as an unacceptable level of centralisation.
Additionally, generating proof-of-history hashes is computationally intensive, making a node more complex and expensive to operate. According to the official Solana documentation, validation nodes must meet strict hardware requirements, with the following recommended spec being: 12 cores (24 threads) + CPU, 128GB RAM, and 500GB-1TB+ storage.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 26, 2024, 12:07:20 AM

3 maxis

3 different networks

Only shall live
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 26, 2024, 12:23:21 AM
Quote from: Mayday on July 26, 2024, 12:07:20 AM
3 maxis

3 different networks

Only shall live

I think all 3 could liv. But only one will emerge as global money. And for that role, it will be Bitcoin (in part due to the obvious faults of the other 2).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 26, 2024, 12:28:16 AM
Quote from: obsidian on July 25, 2024, 03:14:37 PM
We'll see. ETH is already a bargain and undervalued compared to BTC. It has a lower inflation rate, gives yield, and has a lot more utility. Ethereum's fee revenue is double Bitcoin's. Almost 30% of ETH is staked. There is regulatory clarity with the Spot ETH ETFs.

https://cryptodnes.bg/en/ethereum-has-generated-twice-as-much-tax-revenue-as-bitcoin/

You don't understand the predicament facing Bitcoin in 16-24 years. You say all transactions will be on Layer2s. Those fees will be low and layer 2 security needs to be provided by the Layer 1 network. The miners are there to secure Layer 1. So how will the fees be high enough to pay for their infrastructure and electrical costs? Even a $1000 Layer 1 fee won't be enough. Bitcoin mining is already unprofitable right now. Imagine 4 years from now the BTC mining rewards will be 50% less. And 4 years later?

16 years from now the BTC rewards will be 1/16th what it is now. The current cost to mine 1 BTC is around $70,000 and even went as high as $90,000 after the recent halving. https://en.macromicro.me/charts/29435/bitcoin-production-total-cost

$70,000 x 16 = $1,120,000 mining cost per BTC at current difficulty and energy costs
$90,000 x 16 = $1,440,000 mining cost per BTC at April 2024 difficulty and energy costs

24 years from now the BTC rewards will be 1/64th what it is now. The current cost to mine 1 BTC is around $70,000 and even went as high as $90,000 after the recent halving.

$70,000 x 64 = $4,480,000 per BTC mining cost per BTC at current difficulty and energy costs
$90,000 x 64 = $5,760,000 per BTC mining cost per BTC at April 2024 difficulty and energy costs

Energy costs will likely be much higher. So the cost to mine 1 BTC 16-24 years from now will probably be a lot higher than indicated above. It will become a centralized network. Governments could sustain it if they secured their currencies with BTC. But there is a question mark around how long decentralized BTC mining will be sustainable given that it is unprofitable for miners at current BTC prices.

1              2024 (1x)
.5             2028 (2x)
.25           2032 (4x)
.125         2036 (8x)
.0625       2040 (16x)
.03125     2044 (32x)
.015625   2048 (64x)

Mining difficulty adjusts approx every 10 mins, which ensures mining is always incentivized. BTC mining also gravitates to the cheapest form available over time, and mining rewards will increase over time (as BTC will rise over time, both in adoption and nominal value). And yes, although we will see many more transactions on L2, there will be enough transactions on-chain to keep everyone incentivised. And really if not, some careful tweaks will be made to the code, of course never impacting the 21m coin absolute cap.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on July 26, 2024, 04:05:47 AM
Why Vitalik Was Wrong!
In 2017, Vitalik, founder of Ethereum, introduced the concept of the Blockchain Trilemma.

He stated that it was impossible to find a decentralised, secure, and fast method of blockchain transacting. If this problem could be solved, it would bring about cryptocurrency and blockchain mass adoption.
Scalable blockchain such as solana has come closer and closer to achieving this.
 
There is no room for improvement for ETH, its design was based on an obsolete model and the proof of stake has not helped anything.
the stacking of layers will lead to its downfall

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on July 26, 2024, 06:06:43 AM
Quote from: French on July 26, 2024, 04:05:47 AM
Why Vitalik Was Wrong!
In 2017, Vitalik, founder of Ethereum, introduced the concept of the Blockchain Trilemma.

He stated that it was impossible to find a decentralised, secure, and fast method of blockchain transacting. If this problem could be solved, it would bring about cryptocurrency and blockchain mass adoption.
Scalable blockchain such as solana has come closer and closer to achieving this.
 
There is no room for improvement for ETH, its design was based on an obsolete model and the proof of stake has not helped anything.
the stacking of layers will lead to its downfall

Since January 2022, Solana has seen around half a dozen significant outages and 15 partial or major outage days.

The incidents varied in severity, ranging from partial to total network outages, and their causes included software vulnerabilities in the network and denial-of-service and resource exhaustion attacks.

https://cointelegraph.com/news/solana-outage-client-diversity-beta
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on July 26, 2024, 09:07:32 AM
it's anecdotal.
All few crashes duration were max 2 hours.
About 6 hours on a year for a 24/7 operational model.
What about share market, bank, Swift network etc..closed 60% of the year.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on July 26, 2024, 09:57:08 AM
Quote from: French on July 26, 2024, 09:07:32 AM
it's anecdotal.
All few crashes duration were max 2 hours.
About 6 hours on a year for a 24/7 operational model.
What about share market, bank, Swift network etc..closed 60% of the year.

If it keeps crashing or having problems, there's something wrong with the design. There have been a high amount of transaction failures and this problem is ongoing.

The Ethereum network has never had any outages or crashes.

Solana might be the cheaper option, but it's unreliable.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 26, 2024, 11:08:24 AM
In case anyone wants to watch or attend this historic BTC event. Trump himself attending (as well as Kamila apparently..)

https://b.tc/conference/2024
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on July 26, 2024, 11:13:08 AM
https://www.coindesk.com/policy/2024/07/26/us-presidential-candidate-rfk-jr-says-hes-fully-committed-to-bitcoin/?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 26, 2024, 04:28:52 PM
Quote from: gib on July 26, 2024, 12:28:16 AM
Mining difficulty adjusts approx every 10 mins, which ensures mining is always incentivized. BTC mining also gravitates to the cheapest form available over time, and mining rewards will increase over time (as BTC will rise over time, both in adoption and nominal value). And yes, although we will see many more transactions on L2, there will be enough transactions on-chain to keep everyone incentivised. And really if not, some careful tweaks will be made to the code, of course never impacting the 21m coin absolute cap.
The BTC price may rise but the rewards to the miners in BTC will half every 4 years. Sooner than later it will cause problems with Bitcoin's centralization and security. Ethereum is becoming more secure and decentralized as more people enter staking. ETF staking is also coming which will help push ETH higher.

As I mentioned, Bitcoin mining is already unprofitable based on the current price. And it is already becoming more centralized which kind of blows the "secure" narrative.

And what do you mean by "careful tweaks will be made to the code"? I thought the whole premise was that Bitcoin is unchanging. That's one of the FUD criticisms leveled at Ethereum by the BTC Maxi community. It would require a lot of code revisions including switching to POS and also removing the 21 million cap and introducing a very low inflation via staking and burning like Ethereum.

BTC mining is a dead end in the long run. 16-24 years I reckon, if not sooner. The only thing that would save BTC mining is if governments decided to secure the network via tax payer help and mine regardless of profitability. But it's still a dumb enterprise. There's nothing special about POW mining. I did it for years. And my Ethereum mining rigs were a lot more complicated and amazing pieces of hardware compared to Bitcoin ASIC miners which I view as appliances.

https://unchainedcrypto.com/bitcoin-mining-profitability-nears-6-year-low/

Bitcoin Mining Profitability Nears 6-Year Low
Foundry and Antpool mined 54% of all Bitcoin blocks over the last year as the competitive landscape for mining eroded profitability.

According to Kurt Wuckert Jr.,the CEO and founder of Bitcoin SV mining pool Gorilla Pool, mining profitability for SHA256 blockchains is nearing a six-year low. In his view, some of the largest US-based Bitcoin miners are still profitable because they are publicly traded, and the value of their stock is included in total profitability.

“I can’t in good conscience ask you to spend your money on blockchain assets or mining equipment because of what is transpiring in the background right now,” said Wuckert Jr. to an audience in Miami at Crypto Connect Palm Beach.

He alluded to miners being a large consumer of electricity by hashing, which creates profit opportunities in power arbitrage, and further muddies the waters of Bitcoin’s hashing economics.

Bitcoin miners are ditching crypto because there's more money in AI

https://qz.com/bitcoin-miners-ditching-crypto-for-more-profitable-ai-1851598502

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 26, 2024, 04:31:46 PM
Quote from: Griffith on July 26, 2024, 09:57:08 AM
If it keeps crashing or having problems, there's something wrong with the design. There have been a high amount of transaction failures and this problem is ongoing.

The Ethereum network has never had any outages or crashes.

Solana might be the cheaper option, but it's unreliable.
Good post. I agree. Solana will do well regardless of all these issues and because it has a smaller market cap. BlackRock came out today and said this - see below - probably to get more investors onboard with BTC and ETH. Once those funds are where they want them they will probably change their narrative about other crypto ETFs:

https://cointelegraph.com/news/blackrock-foresees-very-little-interest-crypto-etfs-beyond-bitcoin-ethereum-bitcoin2024

BlackRock foresees 'very little interest' in crypto ETFs beyond Bitcoin, Ethereum — Bitcoin 2024
Clients see Bitcoin and Ethereum as complements, not substitutes, in crypto portfolios, according to Blackrock's head of digital assets.

Asset manager BlackRock sees “very little interest” among clients in crypto beyond Bitcoin (BTC) and Ethereum (ETH) and doesn’t foresee many crypto exchange-traded funds (ETFs) outside of those two core digital assets, according to Robert Mitchnick, BlackRock’s head of digital assets, speaking at the Bitcoin 2024 conference on July 25 in Nashville, Tennessee.

“I would say that our client base today, their interest overwhelmingly is in Bitcoin first, and then somewhat in ETH… and there’s very little interest today beyond those two,” Mitchnick said at a panel entitled From Strategy to Innovation: BlackRock's Bitcoin Journey.

“I don't think we're gonna see a long list of crypto ETFs,” Mitchnick said. BlackRock launched its first crypto exchange-traded funds — iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust ETF (ETHA) — in January and July, respectively.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 26, 2024, 04:37:37 PM
Quote from: gib on July 26, 2024, 11:08:24 AM
In case anyone wants to watch or attend this historic BTC event. Trump himself attending (as well as Kamila apparently..)

https://b.tc/conference/2024
Bitcoin was displayed on the Vegas Dome. Now this is cool, I admit. The gold makes the Dome look amazing!

https://decrypt.co/241285/bitcoin-took-over-las-vegas-sphere-wheres-dogwifhat

(https://img.decrypt.co/insecure/rs:fit:3840:0:0:0/plain/https://cdn.decrypt.co/wp-content/uploads/2024/07/bitcoin-sphere-vegas-gID_7.png@webp)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on July 26, 2024, 05:14:08 PM
BTC is GOLD! ETH is SILVER!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on July 29, 2024, 01:59:19 PM
Taking inspiration from loco

(https://media.tenor.com/rec5dlPBK2cAAAAM/mr-bean-waiting.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on July 29, 2024, 09:07:06 PM
Just read that Solana's blockchain is already over 150 TB (terabytes). Compare that with Bitcoin's < 0.6 TB. Ethereum Chain Full Sync Data Size is around 1.1 TB.

150 TB and growing sounds like a train wreck waiting to happen.

This was posted 3 years ago on Reddit.

Is Solana's Blockchain Storage Sustainable?
According to Solana, the network will generate 4 petabytes of data every year at full capacity. This wont be stored on each individual node but will be split across all nodes enabling a bit torrent-esque distribution of the data.

4 petabytes seems like a lot of data but Solana also plans to store this 100x (to avoid data loss and corruption). This means that on the network there will be 400 petabytes of data created every year (at full capacity). If this were spread over 1,000 validators it would entail 0.4 petabytes of data storage per validator per year. This seems pretty excessive... unless I am missing something.

How does Solana plan to solve this issue?

Quotes From Website:
- "At full capacity, the Solana network will generate 1gb/s * 365 days = 4 petabytes of data every year."
- "On some frequency, the network divides the ledger history into pieces to target some replication rate (currently we’re expecting a target rate around 100x)."

Website:
https://solana.com/news/archivers---solana-s-solution-to-petabytes-of-blockchain-data-storage

https://www.reddit.com/r/solana/comments/omte91/is_solanas_blockchain_storage_sustainable/

And here:

https://www.reddit.com/r/solana/comments/18q34o5/what_is_solanas_longterm_ledger_size_solution/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on July 31, 2024, 10:37:57 AM
very interesting to see that bitcoin was not really affected by the recent correction in growth stocks. Don't know what to make of it, but we are in a period where bitcoin volatility seems to be lower than in the past.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on July 31, 2024, 11:02:42 AM
After 447 pages of nonsense, everything u need to know in 7 minutes.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 01, 2024, 03:07:04 PM
WTF?!

https://cointelegraph.com/news/bots-pushing-solana-over-ethereum-research

Bots suspected of pushing Solana over Ethereum — Research
Solana overtakes Ethereum on numerous metrics, but research finds its performance to be inorganic.

Solana has overtaken Ethereum on various metrics this week, but a recent research article on X claims that most of this activity is conducted by bots.

The article, published by pseudonymous researcher Flip Research on July 30, found a suspiciously high count of daily transactions per user on Solana.

Solana recorded an average of 217 transactions per user on July 26 across 1.3 million active addresses. In comparison, Ethereum only recorded less than three transactions per user across 376,300 active users.

“What’s clear is there’s a massive discrepancy, combined with a high amount of MEV and wash trading,” Flip Research told Cointelegraph.

According to Blockworks Research, Solana’s $25 million in total fees in the week of July 22 surpassed Ethereum’s total fees of $21 million. Solana also clocked the highest 30-day decentralized exchange (DEX) volume in the industry.

In the seven days to July 30, Raydium led Solana’s DEX trading volume with $6.078 billion. Orca and Phoenix trailed with $3.428 billion and $1.144 billion, respectively.

Countless liquidity pools on Raydium have little to no liquidity but generate unreal trading volumes. For example, the FLOG-SOL pool held just $3 in liquidity but had over $5 million in 24-hour trading volume.

Flip Research’s analysis of these low liquidity pools suggests that they are rug-pulled projects, a common type of exit scam that has been rising in popularity among memecoin scammers.

Solana’s bot volume has been around all year
Bots can operate at a restless pace that humans can’t, and their automated trades have been pumping volumes on Solana all year.

In February, the network’s monthly stablecoin volume surpassed $643 billion. Most of the stablecoin volume came from USD Coin USDC transactions on Phoenix, a Solana DEX.

Cointelegraph Magazine’s February analysis of blockchain transactions on Phoenix transactions found that the majority of the volume came from bots.

These automated traders have been a double-edged sword for Solana, as their activities have resulted in favorable metrics at the expense of the network’s health.

By April 2024, developers responded to congestion issued by releasing a mainnet update, though Flip Research’s findings suggest that bot activity is still rampant in the network.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 04, 2024, 04:32:02 PM


Oh dear…….
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 04, 2024, 06:16:40 PM


Oh deary deary me…..

Bullish selling strikes again……
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 04, 2024, 06:53:08 PM
WOW! Just checked https://ultrasound.money/ and ETH deflation is at -8.52% at a zoomed in time frame! Let's panic sell some more so it can burn. Then when the dip is bought let's burn some more on the way up. I hope all paper hands sell on L1 - lol!

Ethereum is down almost 20%. Getting hit with the Grayscale outflows and the overall market sentiment. Let's see where it settles. Of course I am not selling. I'll ride it down to zero if needed  ;D

News like this doesn't help either: Iranian Politician Says Tehran Might Already Have Nukes
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on August 04, 2024, 06:57:57 PM
Quote from: Mayday on July 29, 2024, 01:59:19 PM
Taking inspiration from loco

(https://media.tenor.com/rec5dlPBK2cAAAAM/mr-bean-waiting.gif)

(https://img.freepik.com/premium-photo/autumn-forest-human-skeleton-sitting-bench-skeletons-relax_124507-142006.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 04, 2024, 08:21:55 PM
Quote from: loco on August 04, 2024, 06:57:57 PM
(https://img.freepik.com/premium-photo/autumn-forest-human-skeleton-sitting-bench-skeletons-relax_124507-142006.jpg)

 :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 04, 2024, 08:27:46 PM
Quote from: obsidian on August 04, 2024, 06:53:08 PM
WOW! Just checked https://ultrasound.money/ and ETH deflation is at -8.52% at a zoomed in time frame! Let's panic sell some more so it can burn. Then when the dip is bought let's burn some more on the way up. I hope all paper hands sell on L1 - lol!

Ethereum is down almost 20%. Getting hit with the Grayscale outflows and the overall market sentiment. Let's see where it settles. Of course I am not selling. I'll ride it down to zero if needed  ;D

News like this doesn't help either: Iranian Politician Says Tehran Might Already Have Nukes

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on August 05, 2024, 01:11:32 AM
I said it before, and now I hope a lesson has been learned. Engage in shitcoinery and you will be burned...

There is only one Bitcoin. There are an infinite number of shit coins.

HODL BTC, and long term you will thrive. How hard can that be?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 06, 2024, 12:34:49 AM
Quote from: Mayday on August 04, 2024, 08:27:46 PM

V SHAPE RECOVERY  ;D

Selling because of a 20-25% correction is pathetic. And then you have to pay capital gains taxes.

Let's say you have $10,000 worth of crypto token
It dumps 25% down to $7,500. You sell and pay 20% capital gains tax, or $1,500. You now have $6,000 left.
It pumps back to $10,000. If you buy back in you'll end up with 60% of your original stack. + The time lost trading and paying taxes.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on August 06, 2024, 01:35:48 AM
Quote from: obsidian on August 06, 2024, 12:34:49 AM
V SHAPE RECOVERY  ;D

Selling because of a 20-25% correction is pathetic. And then you have to pay capital gains taxes.

Let's say you have $10,000 worth of crypto token
It dumps 25% down to $7,500. You sell and pay 20% capital gains tax, or $1,500. You now have $6,000 left.
It pumps back to $10,000. If you buy back in you'll end up with 60% of your original stack. + The time lost trading and paying taxes.

A small correction -  Only of those who are in countries which impose income or capital gains taxes, and who in such countries wish to comply with the law (and/or who have not structured their affairs correctly) will need to pay taxes.

Those of us who are in countries which do not impose income or capital gains taxes will not need to pay taxes.
 
I find it ironic that people use BTC as a way to defend against a devaluing currency, but then fail to structure themselves in a way that any "gain" they make in their BTC value is not taken away by taxes. Think about - its totally illogical...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on August 06, 2024, 01:37:06 AM
Quote from: affeman on July 31, 2024, 11:02:42 AM
After 447 pages of nonsense, everything u need to know in 7 minutes.



I have explained it many times - fiat currency is the scam - Bitcoin is our defense against that.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on August 06, 2024, 01:41:10 AM
Quote from: gib on July 25, 2024, 09:56:48 AM
Just look and observe at the BTC to ETH price ratio. You will see ETH continues to decline. (Had a little pop on ETF hope, which turns out to be a real dud, and now has resumed its continued downward trend. Eth is now down 24% to BTC since the beginning of the year, and this is likely to continue. So we might well be looking at down 35-50% BTC by year end.


Little update - ETH is now down 29% to BTC since beginning of year....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on August 06, 2024, 04:48:47 AM
Quote from: obsidian on August 06, 2024, 12:34:49 AM
V SHAPE RECOVERY  ;D

Selling because of a 20-25% correction is pathetic. And then you have to pay capital gains taxes.

Let's say you have $10,000 worth of crypto token
It dumps 25% down to $7,500. You sell and pay 20% capital gains tax, or $1,500. You now have $6,000 left.
It pumps back to $10,000. If you buy back in you'll end up with 60% of your original stack. + The time lost trading and paying taxes.

 :D

Hilarious how they panic every single time though, like these dips/corrections/dumps are something new.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on August 06, 2024, 05:15:17 AM
Ethereum ETFs Scored $49M Inflows as ETH Plunged

Despite a sharp 20% drop in price, U.S.-listed spot ether exchange-traded funds (ETFs) saw net inflows of nearly $49 million on Monday, indicating strong demand.

Professional investors bought the dip, however. Data tracked by SoSoValue shows ETH ETFs traded over $715 million, the highest since July 30.

BlackRock’s ETHA led inflows at $47 million. Fidelity’s FETH and VanEck’s ETHV recorded $16 million in inflows each.

https://www.coindesk.com/markets/2024/08/06/ethereum-etfs-scored-49m-inflows-as-eth-plunged/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on August 06, 2024, 05:57:04 AM
Quote from: gib on August 05, 2024, 01:11:32 AM
I said it before, and now I hope a lesson has been learned. Engage in shitcoinery and you will be burned...

There is only one Bitcoin. There are an infinite number of shit coins.

HODL BTC, and long term you will thrive. How hard can that be?

Keep stacking Satoshis!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on August 06, 2024, 07:45:21 AM
How's that ''ETH is a security'' narrative going?  ;D

(https://media1.tenor.com/m/6TcA9vRym4MAAAAC/laugh-mock.gif)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 06, 2024, 01:06:11 PM
Quote from: Griffith on August 06, 2024, 07:45:21 AM
How's that ''ETH is a security'' narrative going?  ;D

(https://media1.tenor.com/m/6TcA9vRym4MAAAAC/laugh-mock.gif)
HAHA! I forgot about that.

Gib - what's up with your prediction on how the Shitcoin ETH was going to be declared a security and never have a Spot ETF?! Don't you realize people want to make money on projects other than Bitcoin?

Bitcoin has outperformed Ethereum lately. We've seen this play out before. But that can always turn the other way. We've seen before how volatile the market can be. The Bitcoin price crashed 18% after the Spot ETFs started to trade because of Grayscale outflows. But market sentiment was not as negative as it is now. Ethereum saw a huge price dip and ETF investors bought the dip. Justin Sun loaded up on more Ethereum. Overall negative Ethereum sentiment is bullish. You get worried when everyone shills something.

At Current Prices:
Since its inception, Bitcoin has been up 1.18 million %.
Since its inception, Ethereum has been up 595,138 %.

At ATH Prices:
ETH historic low = $0.42 cents
ETH ATH = +/- $4,896.88

Increase = 1,16 million %

Ethereum has 6x the supply of Bitcoin. I am surprised the total percentage gain is comparable to Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 07, 2024, 02:17:13 AM
Quote from: obsidian on August 06, 2024, 12:34:49 AM
V SHAPE RECOVERY  ;D

Selling because of a 20-25% correction is pathetic. And then you have to pay capital gains taxes.

Let's say you have $10,000 worth of crypto token
It dumps 25% down to $7,500. You sell and pay 20% capital gains tax, or $1,500. You now have $6,000 left.
It pumps back to $10,000. If you buy back in you'll end up with 60% of your original stack. + The time lost trading and paying taxes.

My feed is full of overjoyed bullish people.

It seems nobody gasps what it means for the cycle which is good for me and good for gib.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on August 07, 2024, 05:25:22 AM
Quote from: Griffith on August 06, 2024, 07:45:21 AM
How's that ''ETH is a security'' narrative going?  ;D

(https://media1.tenor.com/m/6TcA9vRym4MAAAAC/laugh-mock.gif)

Well the narrative remains the same (and we are of course seeing that played out in how Eth is being valued by the market in comparison to both BTC and newer "alts").

If something looks like shit, and smells like shit... well it probably is shit. And no matter what you call it, of how you serve it, or what you wrap it up in, eventually the market figures out that it still is just shit.

Now, applying this concept to ETH, I think its almost unanimous that ETC has failed in its "the new Bitcoin", "its a better store of value than Bitcoin", etc narrative that once drove investment into it. As Eth's issuance schedule was repeatedly changed, and as it moved from POW to POS, and as more people became aware of the key man risk of Vitalik, and the control of the "Eth foundation", the fact that Eth's characteristics can be changed as the whim of a single person, the massive pre-mining issuance, involvement of Vitalik's mother running Eth related scams, etc, it became extremely obvious to all that Eth is not, and does not in any way function as a commodity in the way BTC does.

As I have explained many times before, Eth has all the qualities of a security. Now that itself does not make it inherently "bad" but the problem that investors are now realizing with such characteristics you need to value Eth as you would any other company. And that in turn is why its value is slowly bleeding both into BTC (which is continuing to function beautifully as a true commodity), and into the other infinite number of alternative "crypto securities".

Did I expect ETH to be approved for an ETF? No. And should it have been approved under an application of existing US securities laws? No. But for whatever reason, the SEC gave up the fight to enforce the law. But either way, does the ETF wrapper change its fundamental characteristics? No, of course not. And this is why we are now seeing this constant decline in its value and desirability.

So, to answer your question, that's how the narrative is going.. :)

Oh - and by the way, Eth now down over 30% to BTC over the last year, which even to a die-hard Eth fanboy, should make this all quite clear, especially given Eth's much smaller market cap compared to Eth, Eth's younger age, Eth's ETF approval, and ETH's supposedly"better technology"...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 07, 2024, 10:47:34 PM
Quote from: gib on August 07, 2024, 05:25:22 AM
Well the narrative remains the same (and we are of course seeing that played out in how Eth is being valued by the market in comparison to both BTC and newer "alts").

If something looks like shit, and smells like shit... well it probably is shit. And no matter what you call it, of how you serve it, or what you wrap it up in, eventually the market figures out that it still is just shit.

Now, applying this concept to ETH, I think its almost unanimous that ETC has failed in its "the new Bitcoin", "its a better store of value than Bitcoin", etc narrative that once drove investment into it. As Eth's issuance schedule was repeatedly changed, and as it moved from POW to POS, and as more people became aware of the key man risk of Vitalik, and the control of the "Eth foundation", the fact that Eth's characteristics can be changed as the whim of a single person, the massive pre-mining issuance, involvement of Vitalik's mother running Eth related scams, etc, it became extremely obvious to all that Eth is not, and does not in any way function as a commodity in the way BTC does.

As I have explained many times before, Eth has all the qualities of a security. Now that itself does not make it inherently "bad" but the problem that investors are now realizing with such characteristics you need to value Eth as you would any other company. And that in turn is why its value is slowly bleeding both into BTC (which is continuing to function beautifully as a true commodity), and into the other infinite number of alternative "crypto securities".

Did I expect ETH to be approved for an ETF? No. And should it have been approved under an application of existing US securities laws? No. But for whatever reason, the SEC gave up the fight to enforce the law. But either way, does the ETF wrapper change its fundamental characteristics? No, of course not. And this is why we are now seeing this constant decline in its value and desirability.

So, to answer your question, that's how the narrative is going.. :)

Oh - and by the way, Eth now down over 30% to BTC over the last year, which even to a die-hard Eth fanboy, should make this all quite clear, especially given Eth's much smaller market cap compared to Eth, Eth's younger age, Eth's ETF approval, and ETH's supposedly"better technology"...
ETH is down currently because of Grayscale selling pressure along with FUD and Jump trading selling off. I have no doubt it will recover eventually. If you're a short-term investor then good luck. I am looking at this 10-20 years out. We'll compare notes again much later - lol!

https://cointelegraph.com/news/jump-trading-sells-29m-ether-bottom-near

I disagree that ETH looks like shit. The fundamentals are great. It's rock solid, never shuts down like Solana, is probably more decentralized than Bitcoin, more difficult to attack. Fees on L2 are super low. Dencun was a huge success. The inflation is lower currently than Bitcoin's. Staking is at an all-time high. These are growing pains. Ethereum has started to see some positive ETF inflows to cancel out the Grayscale outflows. Remember Bitcoin had this same issue. The Grayscale outflows might pick up again if the ETH price recovers more. It's part of the game. The ETF investors are probably loving the discounted value. They would be overjoyed if Ethereum went below $2,000.

There is a huge question mark for me over Bitcoin's mining economy / viability long-term. Mining has been unprofitable in 2024. The current average BTC mining cost is $82,007 vs the BTC price of $56,896.

Think of what you're asking of miners. You expect them to keep mining and securing Bitcoin while losing $25,000 per BTC that they mine. They would be better off buying. But Bitcoin does not function without miners. They are needed to confirm the transactions. You said the difficulty would adjust to make it profitable again. But it has not. And this is in 2024. What happens in 2028, 2032, 2036?! The miner rewards would half every 4 years meaning the cost to mine BTC would double unless energy and hardware become much cheaper. Right now it ain't profitable to mine BTC. Would you mine if it was unprofitable? So why should anyone else?

Meanwhile, with Ethereum, the validators do use electricity but nothing like ASIC miners. And Liquid staking means you don't have to worry about hardware or electrical bills by paying a fee to the staking providers.

Ethereum is not a security, period. There are no investment contracts, and solo staking requires physical work to maintain the validators. With liquid staking you pay a fee for which the staking provider perform work for you. It is not a free ride. If I buy a pizza I pay the restaurant for making it. How is that different than paying a staking provider via a fee for setting up the validators?

https://en.macromicro.me/charts/29435/bitcoin-production-total-cost
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on August 08, 2024, 12:10:27 AM
Solana will replace Ethereum.

Solana's ability to repair any failure is unmatched.
The Mainnet is becoming more and more resilient and is not even in Prod yet.
Firedancer will be deployed between Q4 and Q2 2025 and Solana
will exploit its full potential, that means everything Ethereum does
without multilayer, huge cost and slowness.

The Solana consensus mechanism is leaving Bitcoin and Ethereum in the dust by delivering an unparalleled blend of speed, scalability, and security. If you’re curious about what makes Solana’s consensus mechanism so special, here’s the quick scoop:


High-Speed Transactions: Capable of handling thousands of transactions per second.
-Decentralized Applications (dApps): Facilitating a rich ecosystem of decentralized applications.
-Proof of History (PoH): Using cryptographic timestamps for faster blockchain synchronization.
-Delegated Proof of Stake (DPoS): Combining security and efficiency.

The Solana blockchain stands out for its ability to support high-speed transactions, which is a game-changer for decentralized applications. Unlike Bitcoin’s slow Proof of Work (PoW) or Ethereum’s now Proof of Stake (PoS) systems, Solana’s unique combination of Proof of History (PoH) and Delegated Proof of Stake (DPoS) creates a highly efficient and scalable network.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 08, 2024, 01:32:38 AM
ETH ETF investors would be loving a 2,000 price?

If you say they like making a loss, they’re going to be super happy soon…..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on August 08, 2024, 01:45:22 AM
Great news for Eth believers. Eth is now down 32% to BTC over the last year. )

Obsidian - Yes, Solana is crap, but shitcoiners have no loyalty - they move from shit coin to shit coin chasing profits (and so hence we see the slow bleed from Eth to Sol and alts, (or from Eth to BTC, for those who now see the light...).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 08, 2024, 02:10:30 AM
I’m calling a Bear market.

Took me 1 cycle in 2021 to learn. 2022-24 I nailed 17.5k to 73.1k and posted the entire time. It wasn’t easy.

But It’s done ✅

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 08, 2024, 07:41:48 AM
Quote from: Mayday on August 08, 2024, 01:32:38 AM
ETH ETF investors would be loving a 2,000 price?

If you say they like making a loss, they’re going to be super happy soon…..
New ETF investors. Everyone who wants to invest needs to get on the elevator at some point. Those who wanted exposure can now get in on a lower floor. Gibs got in when the Bitcoin elevator stopped at $5,000.

https://finance.yahoo.com/news/spot-ethereum-etfs-receive-inflows-221707679.html?guccounter=1

Spot Ethereum ETFs Receive Inflows Despite Market Plunge

Newly launched spot Ethereum ETFs generated inflows Monday, a rare bright spot on a day when risk-on assets, including cryptocurrencies, plunged.

The positive flows occurred even as ether, the crypto that the spot Ethereum funds track, dropped more than 25% at one point Monday from the previous day, according to data from CoinMarketCap. It has recently recovered some of the lost ground to trade at about $2,500, up 4.5% from Monday, same time.

The Ethereum ETFs recorded $48.8 million in inflows, according to data from U.K. asset manager Farside Investors.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 08, 2024, 07:54:05 AM
Quote from: French on August 08, 2024, 12:10:27 AM
Solana will replace Ethereum.

Solana's ability to repair any failure is unmatched.
The Mainnet is becoming more and more resilient and is not even in Prod yet.
Firedancer will be deployed between Q4 and Q2 2025 and Solana
will exploit its full potential, that means everything Ethereum does
without multilayer, huge cost and slowness.

The Solana consensus mechanism is leaving Bitcoin and Ethereum in the dust by delivering an unparalleled blend of speed, scalability, and security. If you’re curious about what makes Solana’s consensus mechanism so special, here’s the quick scoop:


High-Speed Transactions: Capable of handling thousands of transactions per second.
-Decentralized Applications (dApps): Facilitating a rich ecosystem of decentralized applications.
-Proof of History (PoH): Using cryptographic timestamps for faster blockchain synchronization.
-Delegated Proof of Stake (DPoS): Combining security and efficiency.

The Solana blockchain stands out for its ability to support high-speed transactions, which is a game-changer for decentralized applications. Unlike Bitcoin’s slow Proof of Work (PoW) or Ethereum’s now Proof of Stake (PoS) systems, Solana’s unique combination of Proof of History (PoH) and Delegated Proof of Stake (DPoS) creates a highly efficient and scalable network.
I am highly suspect of Solana - considering the founder's origin. People have been burned before by such individuals. FTX, Celsius, Madoff, Belford - just look at who they were. Bullshitters.

Solana TPS and transaction volumes are exaggerated and misleading. Many of the wallet / user actions are bots trading, not real people. Wash-trading is rampant.

https://cryptoslate.com/solanas-july-dex-volume-exceeds-ethereum-amid-wash-trading-concerns/

“Looking at the wallets involved, the vast majority seem to be bots in the same network with tens of thousands of transactions. They generate fake volumes independently, with random amounts of SOL and a random no. of transactions until the project rugs, before moving onto the next one.”

https://cointelegraph.com/news/blockchains-like-solana-brag-about-tps-but-it-s-misleading

https://medium.com/@CryptoSavingExpert/solana-tps-is-fake-and-massively-inflated-cyber-capital-founder-da2ff27b1ed4
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on August 08, 2024, 07:54:45 AM
Quote from: obsidian on August 08, 2024, 07:41:48 AM
New ETF investors. Everyone who wants to invest needs to get on the elevator at some point. Those who wanted exposure can now get in on a lower floor. Gibs got in when the Bitcoin elevator stopped at $5,000.

True - and actually I got some even at around the 3K mark. But have been continuously buying all along on the way up since then also.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on August 08, 2024, 07:56:27 AM
Quote from: obsidian on August 08, 2024, 07:54:05 AM
I am highly suspect of Solana - considering the founder's origin. People have been burned before by such individuals. FTX, Celsius, Madoff, Belford - just look at who they were. Bullshitters.

Solana TPS and transaction volumes are exaggerated and misleading. Many of the wallet / user actions are bots trading, not real people. Wash-trading is rampant.

https://cryptoslate.com/solanas-july-dex-volume-exceeds-ethereum-amid-wash-trading-concerns/

“Looking at the wallets involved, the vast majority seem to be bots in the same network with tens of thousands of transactions. They generate fake volumes independently, with random amounts of SOL and a random no. of transactions until the project rugs, before moving onto the next one.”

https://cointelegraph.com/news/blockchains-like-solana-brag-about-tps-but-it-s-misleading

https://medium.com/@CryptoSavingExpert/solana-tps-is-fake-and-massively-inflated-cyber-capital-founder-da2ff27b1ed4

You are fully correct. However, they type of investor chasing alt-gains don't care. And that is the very problem with any non-Bitcoin cryptocurrency. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 08, 2024, 08:02:35 AM
https://www.theblock.co/post/309494/eth-staking-reaches-27-95-as-liquid-restaking-protocols-experience-exponential-growth

ETH staking reaches 27.95% as liquid restaking protocols experience exponential growth

The percentage of the ETH supply staked reached an all-time high of 27.95%. This comes after a brief dip two weeks ago, when it dropped by 0.76 percentage points in a single day on July 21, from 27.58% to 26.82%.

Since then, this figure has not only rebounded but surpassed previous highs. Notably, since the launch of the ETH ETFs, the percentage of ETH staked has increased by 1.9%.

What's particularly interesting is how, similar to the trend in the Bitcoin network’s transaction count discussed in the previous section, ETH’s staking trend has decoupled from its price performance.

Since ETH hit highs of around $4,090 in March, its price has dropped by approximately 30% to $2,900 at the time of writing. However, during this same period, the percentage of ETH staked has increased by around 2%, from 26% to nearly 28%.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 08, 2024, 08:05:12 AM
https://cryptoslate.com/buterin-believes-layer-2-are-close-to-solving-the-interoperability-problem/

Vitalik Buterin believes Ethereum Layer-2 networks are close to solving the interoperability problem
Buterin said "people will be surprised" at how soon many of the mainstay challenges will be overcome.

Ethereum co-founder Vitalik Buterin forecasts a rapid resolution of cross-Layer-2 interoperability issues within the Ethereum ecosystem.

Buterin said in an Aug. 5 social media post that recent advancements and collaborative efforts will soon eliminate current challenges. He added:

“I think people will be surprised by how quickly ‘cross-L2 interoperability problems’ stop being problems and we get a smooth user experience across the entire Ethereum-verse.”

His comments highlight ongoing efforts to streamline user interactions across Ethereum’s Layer-1 and Layer-2 (L2) networks, including rollups, validiums, and sidechains.

L2 solutions for Ethereum face significant challenges, including ensuring interoperability across different Layer-2 networks, maintaining high-security standards, and addressing scalability issues such as data availability and transaction throughput.

User experience complexities and the need for seamless integration with existing infrastructure also pose hurdles.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 08, 2024, 08:12:36 AM
Quote from: gib on August 08, 2024, 07:56:27 AM
You are fully correct. However, they type of investor chasing alt-gains don't care. And that is the very problem with any non-Bitcoin cryptocurrency.
Which is why institutional investors need to be careful with something like Solana. Imagine a Solana ETF and it shuts down for a day because the L1 becomes overwhelmed.

Everyone chases gains including you. You want your Bitcoin bags to pamp! Bitcoin Maxi's act like their shit don't stink which is hilarious. Ethereum can do everything Bitcoin can and more. It's faster, lower inflation, gives yield, can do DEFI.

Bitcoin edges out Ethereum when it comes to name recognition, ease of pronunciation, being the OG crypto. Those are not insignificant. But the POW model needs to be figured out - because it is a dead end IMO. Unless governments are willing to keep it going regardless of profitability.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 08, 2024, 08:30:22 AM
Paul Barron has a great YouTube channel. In this video he looks at Jump Trading and whether they are being forced to sell their portfolio. They have been selling Ethereum the past couple of days and also have a Solana stake.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on August 11, 2024, 02:28:30 AM
Quote from: obsidian on August 08, 2024, 08:12:36 AM
Everyone chases gains including you. You want your Bitcoin bags to pamp! Bitcoin Maxi's act like their shit don't stink which is hilarious. Ethereum can do everything Bitcoin can and more. It's faster, lower inflation, gives yield, can do DEFI.

You are missing a few concepts here. The "work" required to get Bitcoin is also what gives it its value and rareness (whilst at the same time protecting the network". This is one of the most important features of Bitcoin. BTC can't just be created out of thin air, like ETH was, and like is the case with almost all alts. Imagine if I invented a new form of plastic diamond or gold, which I promoted as being "better" because it takes less energy to create than BTC. Or a cheap chinese watch vs a Patek Philippe.

There will ALWAYS be alts which are created and promoted as being "better" than Bitcoin. Eth being one of the first that tried to benefit from promoting an affinity to BTC, and an infinite number thereafter. Once you understand that, (and once you accept that the market will also understand that, regardless of your personal feelings), you will understand why it makes sense for all of us to agree on a single universal store of value (being Bitcoin), and why over the long term, all alts will be diluted to infinity...vs BTC.

And this is why you will see the trend of ETH declining in value to BTC (now down 30% over the year) gradually continue. (Same thing will happen to Solana over time, and to any other "alt" which is the latest "next best thing"...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 11, 2024, 03:14:04 AM
Quote from: gib on August 11, 2024, 02:28:30 AM
You are missing a few concepts here. The "work" required to get Bitcoin is also what gives it its value and rareness (whilst at the same time protecting the network". This is one of the most important features of Bitcoin. BTC can't just be created out of thin air, like ETH was, and like is the case with almost all alts. Imagine if I invented a new form of plastic diamond or gold, which I promoted as being "better" because it takes less energy to create than BTC. Or a cheap chinese watch vs a Patek Philippe.

There will ALWAYS be alts which are created and promoted as being "better" than Bitcoin. Eth being one of the first that tried to benefit from promoting an affinity to BTC, and an infinite number thereafter. Once you understand that, (and once you accept that the market will also understand that, regardless of your personal feelings), you will understand why it makes sense for all of us to agree on a single universal store of value (being Bitcoin), and why over the long term, all alts will be diluted to infinity...vs BTC.

And this is why you will see the trend of ETH declining in value to BTC (now down 30% over the year) gradually continue. (Same thing will happen to Solana over time, and to any other "alt" which is the latest "next best thing"...
Ethereum was mined initially and after the switch to POS validators have to validate transactions and ETH is then minted as a reward for the work the validators performed. Some say Ethereum was pre-mined. Well, just so you know, for the first 6 months the BTC hash rate was around 6 MH/s. Meaning Satoshi was about the only one mining BTC, and Satoshi was able to mine 1 million BTC. That is basically pre-mining. Nobody else mined BTC in the beginning. 6 Mh/s is nothing. An RTX 3090 could hash over 120 MH/s. Even an ATI RX580 could mine over 32 MH/s. That's one GPU exceeding the entire BTC network hashrate in 2009 by more than a factor of 5-20 or more!

Bitcoin mining is a dead end long term. It is centralized and unprofitable and this will be amplified during future halving events. 4 entities are already mining more than 50% of the new monthly BTC supply:

MARA, CLSK, CORZ and RIOT. In July these 4 mined 1,778 BTC. The total mined worldwide was 3,217 BTC.

1,778 / 3,217 = 55.26%

BlackRock and Vanguard have significant stakes in MARA.

https://farside.co.uk/miners/

Ethereum Spot ETF inflows so far total $1,890 billion. This is the total amount accumulated by the 8 Spot ETH ETF products. The Grayscale ETHE outflows have been $2,296 billion as was expected. The same outflows happened with Bitcoin. The fact that the other 8 managed to accumulate close to $2 billion in 2 weeks is very telling. This means there is a significant demand for Spot ETH ETFs. Bitwise speculated that about $15 billion would flow into the Spot ETF funds in the first 18 months. I would say this could be possible considering how much volume we've seen in 2 weeks.

https://farside.co.uk/eth/
https://farside.co.uk/btc/

The current total Spot BTC ETFs inflows are $17.341 billion, after subtracting Grayscale's (GBTC) $19.451 billion outflows. But these products have been offered since January, or more than 7 months. The BTC ETFs inflows could total $50 billion in the first 18 months.

BTC Spot ETF inflows +/- 28 weeks = $36.792 billion
ETH Spot ETF inflows 2 weeks = $1.890 billion

28 weeks / 2 weeks = 14

$1,890 x 14 = $26.460 billion

That's of course assuming the current rate of accumulation continues. If the price of ETH picks up it could accelerate. We'll see. The numbers are not looking too bad. ETHE is still bleeding. Even GBTC is still bleeding. Friday's GBTC outflow was $77 million.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 11, 2024, 01:56:11 PM
GiB is right dude.

Your mining argument only makes sense if Bitcoin collapses to zero, never to return. If that happens it takes everything else with it. Sure, it’s possible but you would then be saying the entire crypto industry is currently in the process of vanishing.

Anyhoo we are in a bear market now so everyone will get destroyed. BTC is the wrecking ball to teach people a lesson in humility.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 11, 2024, 11:28:58 PM
This is interesting. I posted a hypothetical ETH chart in this thread on 10/12/2023. To create the chart I took the chart history on that date and scaled it out into the future. It's converging with today's chart - lmao! The green indicates the real price action from 10/12/2023 - today and the blue is my fictional chart. Total coincidence! Note that the ETH price ran up more than my fictional chart anticipated. Could we be at the bottom of the hill?

https://www.getbig.com/boards/index.php?topic=574601.9797
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 11, 2024, 11:42:00 PM
Quote from: Mayday on August 11, 2024, 01:56:11 PM
GiB is right dude.

Your mining argument only makes sense if Bitcoin collapses to zero, never to return. If that happens it takes everything else with it. Sure, it’s possible but you would then be saying the entire crypto industry is currently in the process of vanishing.

Anyhoo we are in a bear market now so everyone will get destroyed. BTC is the wrecking ball to teach people a lesson in humility.
My argument is that the longer Bitcoin mining remains unprofitable the more it will become centralized and impact Bitcoin's security. Would you mine Bitcoin if you're losing $20-25k for each BTC you mine?! The entire scheme is bound to collapse as future halving events makes it more and more expensive to mine BTC. Miners will quit and turn to other endeavors as they already are with AI. I would venture the cost to own, operate, and maintain an Ethereum validator is less than the yield paid out. The hardware would not become obsolete as fast as Bitcoin ASIC hardware. Solana validators have more expensive hardware requirements compared with Ethereum.

https://www.attestant.io/posts/exploring-ethereum-2-validator-costs/

https://en.macromicro.me/charts/29435/bitcoin-production-total-cost

https://www.coinspeaker.com/marathon-digital-mara-stock-revenue/

Marathon Digital (MARA) Stock Tanks 7% as Bitcoin Miner’s Revenue Drops in Q2 2024

In Q2 2024, the company’s adjusted EBITDA swung into a loss of $85.1 million from a profit of $35.8 million in the previous year.

Bitcoin miner Marathon Digital (NASDAQ: MARA) reported its Q2 2024 earnings on Thursday, August 1, while missing its revenue numbers by a wide margin from Wall Street expectations. As a result, the MARA Stock dropped by 7.7% as of Thursday’s closing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 12, 2024, 01:08:59 AM
Quote from: obsidian on August 11, 2024, 11:28:58 PM
This is interesting. I posted a hypothetical ETH chart in this thread on 10/12/2023. To create the chart I took the chart history on that date and scaled it out into the future. It's converging with today's chart - lmao! The green indicates the real price action from 10/12/2023 - today and the blue is my fictional chart. Total coincidence! Note that the ETH price ran up more than my fictional chart anticipated. Could we be at the bottom of the hill?

https://www.getbig.com/boards/index.php?topic=574601.9797

No, We got fucked this cycle. You get nuked now.

The pain ahead isn’t eve the real pain. I’ll give you the heads up, you will be told the cycle is going to push out to 2026 because you had the bear market, effectively resetting the bullrun. It’s not true.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 12, 2024, 10:45:40 AM
Quote from: Mayday on August 12, 2024, 01:08:59 AM
No, We got fucked this cycle. You get nuked now.

The pain ahead isn’t eve the real pain. I’ll give you the heads up, you will be told the cycle is going to push out to 2026 because you had the bear market, effectively resetting the bullrun. It’s not true.
Where do you see the numbers going for BTC, ETH, BNB, SOL, XRP, DOGE, ADA?

I hope you're wrong. The only alt that hit a new ATH so far this cycle was BNB. ETH made it to around 87% and SOL 77%. The rest never even came close. We'll see what happens. It is possible to have a bearish cycle within a bullish cycle. Just look at past charts and the fictional chart I made. With supply and demand, FOMO, and FUD, you get a lot of emotionally charged trading, buying, and selling.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on August 12, 2024, 11:40:35 AM
On Solana, we see Anatoly’s vision of a single atomic state machine as a powerful use case of decentralized blockchains, lowering information asymmetry.
-DePIN
-DeFi
-NFT innovation
-Firedancer
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 12, 2024, 10:41:20 PM
Quote from: obsidian on August 12, 2024, 10:45:40 AM
Where do you see the numbers going for BTC, ETH, BNB, SOL, XRP, DOGE, ADA?

I hope you're wrong. The only alt that hit a new ATH so far this cycle was BNB. ETH made it to around 87% and SOL 77%. The rest never even came close. We'll see what happens. It is possible to have a bearish cycle within a bullish cycle. Just look at past charts and the fictional chart I made. With supply and demand, FOMO, and FUD, you get a lot of emotionally charged trading, buying, and selling.

Big prices are off the table, my BTC 76k remains the closest call out there. It’ll spike again next year, I sold at 73.1k and have the patience to wait for my entry again.

I’ve been long the S&P for a while.

I just don’t fight it because I can’t change it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on August 12, 2024, 11:51:42 PM
Quote from: obsidian on August 12, 2024, 10:45:40 AM
Where do you see the numbers going for BTC, ETH, BNB, SOL, XRP, DOGE, ADA?

I hope you're wrong. The only alt that hit a new ATH so far this cycle was BNB. ETH made it to around 87% and SOL 77%. The rest never even came close. We'll see what happens. It is possible to have a bearish cycle within a bullish cycle. Just look at past charts and the fictional chart I made. With supply and demand, FOMO, and FUD, you get a lot of emotionally charged trading, buying, and selling.

Actually every "alt" launched this cycle hit an ATH... And therein of course, lies the lesson...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on August 13, 2024, 05:42:51 AM
BlackRock Ethereum ETF Eyeing $1 Billion Flow Milestone

The BlackRock iShares Ethereum Trust (ETHA) has clinched a new flow milestone toward the $1 billion mark. This demonstrates ETHA's increasing growth, among other issuers, approved to trade a spot Ethereum ETF in the U.S.

https://u.today/blackrock-ethereum-etf-eyeing-1-billion-flow-milestone-details
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on August 13, 2024, 02:55:53 PM
September to remember…
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on August 13, 2024, 03:53:00 PM
Quote from: Mayday on August 12, 2024, 01:08:59 AM
No, We got fucked this cycle. You get nuked now.

The pain ahead isn’t eve the real pain. I’ll give you the heads up, you will be told the cycle is going to push out to 2026 because you had the bear market, effectively resetting the bullrun. It’s not true.

Macro probably decides what's next. Can't make a long post, but it comes down to this.

Emergency rate cuts, then everything is fucked.

25 bps cuts in Sept and onwards then consider this another can kick and we probably get another good 12 months. Global liquidity cycles ramp up. Bitcoin then the rest of crypto would do very well. Might take until November to get out of this sideways price action though.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 14, 2024, 03:57:28 PM
9/13 - BlackRock IBIT BTC ETF Inflow: $34.6 million
9/13 - Blackrock ETHA ETH ETF Inflow: $49.1 million

https://farside.co.uk/btc/
https://farside.co.uk/eth/

Looks like Jump trading is preparing for another Ethereum Sell-Off to reduce the price.

https://www.coinspeaker.com/jump-trading-ethereum-sell-off/

Jump Trading Prepares for Another Ethereum Sell-Off Transferring 17,049 ETH

Market maker and trading firm Jump Trading is preparing for another major ETH sell-off and has recently moved another 17,049 ETH worth a staggering $46.44 million. Blockchain analytics platform SpotonChain stated that the $46.44 million ETH claimed from the liquid staking protocol Lido is now out for sale.

Ethereum Manipulation Concerns on the Rise

Following these massive transfers, one of the users on the X platform stated that Jump Trading had transferred ETH back to their accounts while another user raised concerns regarding manipulation adding that the “firm just wants to buy more”.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on August 19, 2024, 04:07:07 AM
Halving came and went.  At what point can we say it did nothing for the price of bitcoin when many thought it would make it increase significantly?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on August 19, 2024, 01:54:00 PM
(https://c.tenor.com/PVf-csSHmu8AAAAd/tenor.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 19, 2024, 05:23:18 PM
Quote from: loco on August 19, 2024, 04:07:07 AM
Halving came and went.  At what point can we say it did nothing for the price of bitcoin when many thought it would make it increase significantly?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on August 19, 2024, 07:46:46 PM
Quote from: Mayday on August 19, 2024, 05:23:18 PM


 :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 20, 2024, 12:03:27 AM
For shits and giggles:

https://www.barchart.com/crypto/quotes/%5EETHUSD/interactive-chart

Visited barchart.com and downloaded the entire ETH price history via one of their templates as a PNG file. Imported the PNG into a CAD program. Set the units to decimals, and scaled it to match the lines of barchart. Their y-axis have a $200.00 grid. I scaled the image so each line is at 200.00. Constructed the entire grid and existing price history. Marked the ATH peak prices in January 2018 and November 2021. Made a block of the entire existing price line. Copied the block by snapping from the 2018 ATH to the 2021 ATH. Stretched the y-axis by the same factor as the previous peaks.

If history were to repeat (no guarantee of course), and disregarding diminishing returns:

ETH PRICE:

October 2024:  +/- $3,000 - $3,200
December 2024: +/- $8,000 - $8,200
February 2025: Peaks at +/- $11,800
April 2025: Crashes to +/- $9,400
September 2025: ATH peak at +/- $19,600
April 2026: Crashes to +/- $4,200

Replicating the process for the following 4 years yields an ETH ATH price of +/- $84,000 in July of 2029 - lol!

Of course, these are all just for laughs and probably will not happen. Lots of shit can happen. WW3, unknown black swan, hyperinflation.

But it shows how wild crypto prices have ranged in the past. Ethereum went from a low of $80 in 2019 to $4,800 in 2021. Bitcoin went from $1,000 to $19,500 in 2017. Supply and demand, FOMO, and emotion can create wild swings when governments don't meddle in the price action.

Here are some screenshots.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 20, 2024, 12:15:48 AM
Here is the Bitcoin barchart:

https://www.barchart.com/crypto/quotes/%5EBTCUSD/interactive-chart/fullscreen
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on August 20, 2024, 03:57:01 AM
Quote from: loco on August 19, 2024, 04:07:07 AM
Halving came and went.  At what point can we say it did nothing for the price of bitcoin when many thought it would make it increase significantly?

(https://media.tenor.com/images/25eba48a338d64e17edc99f88f0482bf/tenor.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 20, 2024, 01:12:41 PM
Quote from: loco on August 20, 2024, 03:57:01 AM
(https://media.tenor.com/images/25eba48a338d64e17edc99f88f0482bf/tenor.gif)
You need to zoom out more. Look at this chart with the two most recent halving events marked: 2020/5/11 & 2024/4/19. After the 2020 halving the BTC price did not really gain steam until about 5 months later. If history were to repeat, then it could start pamping in September / October.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 20, 2024, 02:41:43 PM
Quote from: obsidian on August 20, 2024, 12:03:27 AM
For shits and giggles:

https://www.barchart.com/crypto/quotes/%5EETHUSD/interactive-chart

Visited barchart.com and downloaded the entire ETH price history via one of their templates as a PNG file. Imported the PNG into a CAD program. Set the units to decimals, and scaled it to match the lines of barchart. Their y-axis have a $200.00 grid. I scaled the image so each line is at 200.00. Constructed the entire grid and existing price history. Marked the ATH peak prices in January 2018 and November 2021. Made a block of the entire existing price line. Copied the block by snapping from the 2018 ATH to the 2021 ATH. Stretched the y-axis by the same factor as the previous peaks.

If history were to repeat (no guarantee of course), and disregarding diminishing returns:

ETH PRICE:

October 2024:  +/- $3,000 - $3,200
December 2024: +/- $8,000 - $8,200
February 2025: Peaks at +/- $11,800
April 2025: Crashes to +/- $9,400
September 2025: ATH peak at +/- $19,600
April 2026: Crashes to +/- $4,200

Replicating the process for the following 4 years yields an ETH ATH price of +/- $84,000 in July of 2029 - lol!

Of course, these are all just for laughs and probably will not happen. Lots of shit can happen. WW3, unknown black swan, hyperinflation.

But it shows how wild crypto prices have ranged in the past. Ethereum went from a low of $80 in 2019 to $4,800 in 2021. Bitcoin went from $1,000 to $19,500 in 2017. Supply and demand, FOMO, and emotion can create wild swings when governments don't meddle in the price action.

Here are some screenshots.

 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on August 23, 2024, 07:21:51 AM
Printer go BRRRRRRRRRRR!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on August 23, 2024, 02:11:50 PM
Are you rich yet?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: GymnJuice on August 23, 2024, 03:32:50 PM
Quote from: IroNat on August 23, 2024, 02:11:50 PM
Are you rich yet?

What do you mean yet? I thought that was a requirement for a getbig login?  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on August 24, 2024, 06:24:36 AM
Quote from: GymnJuice on August 23, 2024, 03:32:50 PM
What do you mean yet? I thought that was a requirement for a getbig login?  ;D

Oops, should have said "richer".
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 25, 2024, 03:02:54 PM

“Sure, I may have lost my entire life savings in crypto but I bet I gained my entire life savings in wisdom” - Wrecked Pleb validating his gambling Addiction
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 25, 2024, 05:01:17 PM
Quote from: Mayday on August 25, 2024, 03:02:54 PM

“Sure, I may have lost my entire life savings in crypto but I bet I gained my entire life savings in wisdom” - Wrecked Pleb validating his gambling Addition
What if BTC does this? Based on previous cycles of course. The US debt keeps growing. Countries are starting to say no to backing a weaponized USD.

How would your line look if someone asked you to draw the future price discovery?

https://finbold.com/u-s-will-pay-1-14-trillion-in-interest-payments-on-debt-this-year/

In a troubling revelation from the latest U.S. Budget Deficit report, interest payments on the U.S. federal debt are projected to hit $1.14 trillion for the whole year, raising serious concerns about the nation’s fiscal sustainability.

This surge in government outlays, combined with declining tax revenues, led to June’s fiscal deficit nearly tripling year-over-year to $228 billion, significantly overshooting the consensus estimate of $175 billion.

Economist E.J. Antoni reports that, according to the Federal Reserve’s June data, the interest on the national debt now equals 76% of all personal income taxes collected by the government, the Treasury’s largest revenue source.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: chaos on August 25, 2024, 05:01:21 PM
What is xrp ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 25, 2024, 08:35:51 PM
Quote from: obsidian on August 25, 2024, 05:01:17 PM
What if BTC does this? Based on previous cycles of course. The US debt keeps growing. Countries are starting to say no to backing a weaponized USD.

How would your line look if someone asked you to draw the future price discovery?

https://finbold.com/u-s-will-pay-1-14-trillion-in-interest-payments-on-debt-this-year/

In a troubling revelation from the latest U.S. Budget Deficit report, interest payments on the U.S. federal debt are projected to hit $1.14 trillion for the whole year, raising serious concerns about the nation’s fiscal sustainability.

This surge in government outlays, combined with declining tax revenues, led to June’s fiscal deficit nearly tripling year-over-year to $228 billion, significantly overshooting the consensus estimate of $175 billion.

Economist E.J. Antoni reports that, according to the Federal Reserve’s June data, the interest on the national debt now equals 76% of all personal income taxes collected by the government, the Treasury’s largest revenue source.

So what if the debt grows. So what if 3rd world countries use a different currency instead of the USD.

Price was already in discovery. Did you miss it or do you ignore it because it doesn’t suit what you thought should happen?

I already gave my broader outcome 100 times. I have price directions, targets and dates so it’s no bother for me.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on August 26, 2024, 06:09:15 AM
The U.S. is using inflation to lower the debt.

Fixed debt instruments are losing value.

All that debt China holds is losing value.

Egg prices just went up.  It's no yolk.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on August 26, 2024, 07:47:12 AM
Quote from: IroNat on August 26, 2024, 06:09:15 AM
The U.S. is using inflation to lower the debt.

Fixed debt instruments are losing value.

All that debt China holds is losing value.

Egg prices just went up.  It's no yolk.

Eggxactly!   :D

(https://media.istockphoto.com/id/919919376/photo/smiling-and-positive-face-made-from-fried-eggs-and-bacon-on-plate.jpg?s=612x612&w=0&k=20&c=bm6QnXOFF6pBAASAE_bHbE4lWpgytnxYdHYz4ja5XY8=)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 26, 2024, 09:49:06 AM
Quote from: Mayday on August 25, 2024, 08:35:51 PM
So what if the debt grows. So what if 3rd world countries use a different currency instead of the USD.

Price was already in discovery. Did you miss it or do you ignore it because it doesn’t suit what you thought should happen?

I already gave my broader outcome 100 times. I have price directions, targets and dates so it’s no bother for me.
All I wanted was your price-discovery line, whether up or down. Bitcoin's history would suggest a positive discovery, beyond $100,000. You have been bearish, the question is how bearish. I drew the line for you. I call it the MAYDAY LINE. I like the sound of that! Is that what you envision? A negative price discovery to break all previous trends? See attached.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 26, 2024, 09:53:22 AM
Quote from: IroNat on August 26, 2024, 06:09:15 AM
The U.S. is using inflation to lower the debt.

Fixed debt instruments are losing value.

All that debt China holds is losing value.

Egg prices just went up.  It's no yolk.
The US is the loser in the end. Russia has vast resources. They don't need the US for anything really. China's resources does not quite match Russia's. They have the bigger population.

Fun fact: The Russian AK47 is bigger than the Chinese AK47. Reason - Russians are bigger and can handle larger weapons. The Russian AK47 is too much for the average, smaller-statured Chinese.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on August 26, 2024, 09:57:08 AM
Quote from: obsidian on August 26, 2024, 09:53:22 AM
The US is the loser in the end. Russia has vast resources. They don't need the US for anything really. China's resources does not quite match Russia's. They have the bigger population.

Fun fact: The Russian AK47 is bigger than the Chinese AK47. Reason - Russians are bigger and can handle larger weapons. The Russian AK47 is too much for the average, smaller-statured Chinese.

What's the price of eggs in Russia?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 26, 2024, 10:12:00 AM
Quote from: IroNat on August 26, 2024, 09:57:08 AM
What's the price of eggs in Russia?
Russia: $1.41 for dozen eggs
USA: $3.00 for dozen eggs

Not sure how accurate these sources are:

https://www.tridge.com/news/the-average-cost-of-a-dozen-eggs-at-retail-in-the-#:~:text=The%20average%20retail%20price%20for%20a%20dozen%20eggs,price%20increase%20in%20December%202023%20compared%20to%202022.

The average retail price for a dozen eggs in Russia has decreased by 3% since January, now standing at 129.08 rubles. This comes despite a 61.35% price increase in December 2023 compared to 2022.

129.08 Rubles = $1.41

https://www.sofi.com/learn/content/average-cost-of-a-dozen-eggs/#:~:text=%E2%80%A2%20The%20average%20cost%20of%20a%20dozen%20eggs,differences%20and%20market%20fluctuations%20can%20impact%20egg%20prices.

The average cost of a dozen eggs in the U.S. is $3, according to data from the U.S. Bureau of Labor Statistics (BLS). Though higher than in previous years, it’s still lower than the $4.82 consumers paid on average in January of 2023, when concerns about egg shortages sent the cost of eggs skyrocketing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on August 26, 2024, 11:18:48 AM
Eth now down 33% to BTC this year (this is the worst its been all year).

What we are seeing on every down cycle is eth dropping more then BTC and on the upcycle, Eth gaining less than BTC. Its a slow bleed.

Obsidian - will you make the call at some point to convert the eth you have to BTC?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on August 26, 2024, 11:21:35 AM
Quote from: obsidian on August 26, 2024, 09:49:06 AM
All I wanted was your price-discovery line, whether up or down. Bitcoin's history would suggest a positive discovery, beyond $100,000. You have been bearish, the question is how bearish. I drew the line for you. I call it the MAYDAY LINE. I like the sound of that! Is that what you envision? A negative price discovery to break all previous trends? See attached.

Interesting...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 26, 2024, 11:48:11 AM
Quote from: obsidian on August 26, 2024, 09:49:06 AM
All I wanted was your price-discovery line, whether up or down. Bitcoin's history would suggest a positive discovery, beyond $100,000. You have been bearish, the question is how bearish. I drew the line for you. I call it the MAYDAY LINE. I like the sound of that! Is that what you envision? A negative price discovery to break all previous trends? See attached.

I’m not giving prices anymore because it doesn’t help. Saylor trolling everyone is pretty fucking funny though 😂

I have a plethora of awesome calls but my best one if it happens will be when I said over a year ago Biden is pulled from the election, Trump doesn’t win. Michelle Obama wins…..   
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 26, 2024, 11:56:10 AM
Quote from: gib on August 26, 2024, 11:18:48 AM
Eth now down 33% to BTC this year (this is the worst its been all year).

What we are seeing on every down cycle is eth dropping more then BTC and on the upcycle, Eth gaining less than BTC. Its a slow bleed.

Obsidian - will you make the call at some point to convert the eth you have to BTC?
No, because the capital gains tax would be significant. And BTC has already outpaced ETH this year - why chase it now? I also know that long-term Bitcoin's POW solution is a dead-end. Bitcoin is already more centralized than Ethereum. You can't expect miners to secure Bitcoin at a loss. They have been mining at a loss for months. It will get worse every 4 years. Bitcoin also does not give yield to BTC holders. Ethereum does.

You need to zoom out. ETH has outperformed Bitcoin by a factor of 2 the past 5 years. My entry point into Ethereum was 6-7 years ago. Binance's BNB has outperformed BTC by a factor of 3.44.

We'll see what happens in the coming years. There are some bullish developments for Ethereum. The Grayscale ETHE is still bleeding. Give it more time...

https://dailyhodl.com/2024/08/24/entertainment-giant-sony-group-develops-new-ethereum-eth-layer-2-solution-soneium/

Entertainment Giant Sony Group Develops New Ethereum (ETH) Layer-2 Solution ‘Soneium’

Electronics and entertainment titan Sony is developing a new Ethereum (ETH) layer-2 blockchain called “Soneium.”

In a recent press release, Sony Group is announcing the development of Soneium as a means of further venturing into the world of web3.

According to Sony, taking advantage of blockchain technology will give a more streamlined, secure and decentralized experience for users.

“By developing blockchain, which is the basic infrastructure of web3, we will be able to provide comprehensive web3 solutions from the infrastructure to the application layer, rather than just providing partial services.

End users will be able to access Soneium through applications that are compatible with Soneium’s network, and will be able to interact with web3 games and NFT (non-fungible token) marketplaces provided by each app, as well as entertainment-related services.”

Furthermore, Sony notes that with Soneium, it will focus on onboarding new users to web3 and supporting content creators.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on August 26, 2024, 11:57:34 AM
Quote from: obsidian on August 26, 2024, 09:49:06 AM
All I wanted was your price-discovery line, whether up or down. Bitcoin's history would suggest a positive discovery, beyond $100,000. You have been bearish, the question is how bearish. I drew the line for you. I call it the MAYDAY LINE. I like the sound of that! Is that what you envision? A negative price discovery to break all previous trends? See attached.

This Mayday graph has the potential to become a GetBig classic in the years to come...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on August 26, 2024, 11:59:44 AM
Quote from: obsidian on August 26, 2024, 11:56:10 AM
No, because the capital gains tax would be significant. And BTC has already outpaced ETH this year - why chase it now? I also know that long-term Bitcoin's POW solution is a dead-end. Bitcoin is already more centralized than Ethereum. You can't expect miners to secure Bitcoin at a loss. They have been mining at a loss for months. It will get worse every 4 years. Bitcoin also does not give yield to BTC holders. Ethereum does.

You need to zoom out. ETH has outperformed Bitcoin by a factor of 2 the past 5 years. My entry point into Ethereum was 6-7 years ago. Binance's BNB has outperformed BTC by a factor of 3.44.

We'll see what happens in the coming years. There are some bullish developments for Ethereum. The Grayscale ETHE is still bleeding. Give it more time...

https://dailyhodl.com/2024/08/24/entertainment-giant-sony-group-develops-new-ethereum-eth-layer-2-solution-soneium/

Entertainment Giant Sony Group Develops New Ethereum (ETH) Layer-2 Solution ‘Soneium’

Electronics and entertainment titan Sony is developing a new Ethereum (ETH) layer-2 blockchain called “Soneium.”

In a recent press release, Sony Group is announcing the development of Soneium as a means of further venturing into the world of web3.

According to Sony, taking advantage of blockchain technology will give a more streamlined, secure and decentralized experience for users.

“By developing blockchain, which is the basic infrastructure of web3, we will be able to provide comprehensive web3 solutions from the infrastructure to the application layer, rather than just providing partial services.

End users will be able to access Soneium through applications that are compatible with Soneium’s network, and will be able to interact with web3 games and NFT (non-fungible token) marketplaces provided by each app, as well as entertainment-related services.”

Furthermore, Sony notes that with Soneium, it will focus on onboarding new users to web3 and supporting content creators.

Almost any "alt" will outperform BTC doing one cycle, post initial launch...What Eth is showing is that virtually none do so for consecutive cycles...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 26, 2024, 12:01:05 PM
Quote from: Mayday on August 26, 2024, 11:48:11 AM
I’m not giving prices anymore because it doesn’t help. Saylor trolling everyone is pretty fucking funny though 😂

I have a plethora of awesome calls but my best one if it happens will be when I said over a year ago Biden is pulled from the election, Trump doesn’t win. Michelle Obama wins…..
In the big picture, logically speaking, I don't see the Bitcoin or Ethereum price-line diving down per the MAYDAY LINE. That's based on the historic trend. Of course, an unknown black swan event could result in a MAYDAY LINE.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 26, 2024, 12:19:37 PM
Quote from: gib on August 26, 2024, 11:59:44 AM
Almost any "alt" will outperform BTC doing one cycle, post initial launch...What Eth is showing is that virtually none do so for consecutive cycles...
You're looking at a year or two timeline to show BTC outperforming an "alt". That's the same as you claiming any "alt" will outperform BTC in one cycle, only you are looking at a 1/2 cycle to say BTC is outperforming an "alt".

Let's go back 8 years:

ETH was around $11 in August 2016
BTC was around $550 in August 2016

ETH is currently around $2,700 in August 2024
BTC is currently around $63,500 in August 2024

2,700 / 11 = 245.45
63,500 / 550 = 115.45

245.45 / 115.45 = 2.12

From August 2016 to the present, ETH has outperformed BTC by a factor of two, spanning two cycles. You can go back another year to 2015 and then Ethereum has outperformed Bitcoin by a factor of 8.

Let's wait and see what happens over the next 2 years.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 26, 2024, 12:27:19 PM
https://ultrasound.money/

 ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on August 26, 2024, 01:20:43 PM
Quote from: obsidian on August 26, 2024, 12:01:05 PM
In the big picture, logically speaking, I don't see the Bitcoin or Ethereum price-line diving down per the MAYDAY LINE. That's based on the historic trend. Of course, an unknown black swan event could result in a MAYDAY LINE.

Agree - Indeed the next 12-18 months could be a boom period for BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on August 27, 2024, 06:46:20 AM
Quote from: gib on August 26, 2024, 11:18:48 AM
Eth now down 33% to BTC this year (this is the worst its been all year).

What we are seeing on every down cycle is eth dropping more then BTC and on the upcycle, Eth gaining less than BTC. Its a slow bleed.

Obsidian - will you make the call at some point to convert the eth you have to BTC?

Make that 34%...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on August 27, 2024, 09:03:17 AM
Coffee is predicted to double in price by 2025.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on August 27, 2024, 10:27:22 AM
Quote from: IroNat on August 27, 2024, 09:03:17 AM
Coffee is predicted to double in price by 2025.

Well if you believe this prediction to be true, you know what to do...


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 27, 2024, 10:39:48 AM
Quote from: gib on August 27, 2024, 06:46:20 AM
Make that 34%...
BTC will outperform an "ALT" in a cycle, but what about the long term?  ;D

Sigh, crypto is volatile. Bitcoin is not immune to that. You come out of the woodwork when the Ethereum price retraced. It was at $4,200 a few months ago. Then you're silent or say it is a fluke and it will crash again.

Bitcoin is having its moment right now. Enjoy it. Most of the people buying Bitcoin have no clue that the POW model with a finite supply is 100% doomed. That includes you. Defend it. You said difficulty would adjust so miners become profitable again. It has not adjusted enough. They are losing tens of thousands to millions paying for electricity and mining equipment to secure the BTC network at a loss.

The average price to mine 1 BTC right now is $74,213. It's been over $90,000 this year.

https://en.macromicro.me/charts/29435/bitcoin-production-total-cost

Marathon Digital sold bonds to fund Bitcoin purchases. What's fucked up about that is they are supposed to secure the BTC network. Instead they are buying the asset. Rather than buying more mining rigs they are buying Bitcoin. Hello dummies, Bitcoin does not work without miners. What if 5 large mining facilities were blown up with rocket launchers?

Bitcoin Mining Is So Rough a Miner Adopted Michael Saylor's Successful BTC Strategy
Marathon Digital sold bonds to fund bitcoin purchases, following the route Saylor's MicroStrategy has taken to big stock market gains, as mining profits dwindle.

Rather than purchase more mining rigs, "given the current mining hash price, the internal rate of return (IRR) indicates that purchasing bitcoin using funds from debt or equity issuances is more beneficial to shareholders until conditions improve," the largest publicly traded miner posted recently on X. "Hash price" is a measure of mining profitability.

https://www.coindesk.com/business/2024/08/27/bitcoin-mining-is-so-rough-a-miner-adopted-michael-saylors-successful-btc-strategy/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: GymnJuice on August 27, 2024, 11:36:04 AM
Quote from: IroNat on August 27, 2024, 09:03:17 AM
Coffee is predicted to double in price by 2025.

Better latte than never.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 27, 2024, 04:35:15 PM
Quote from: obsidian on August 27, 2024, 10:39:48 AM
BTC will outperform an "ALT" in a cycle, but what about the long term?  ;D

Sigh, crypto is volatile. Bitcoin is not immune to that. You come out of the woodwork when the Ethereum price retraced. It was at $4,200 a few months ago. Then you're silent or say it is a fluke and it will crash again.

Bitcoin is having its moment right now. Enjoy it. Most of the people buying Bitcoin have no clue that the POW model with a finite supply is 100% doomed. That includes you. Defend it. You said difficulty would adjust so miners become profitable again. It has not adjusted enough. They are losing tens of thousands to millions paying for electricity and mining equipment to secure the BTC network at a loss.

The average price to mine 1 BTC right now is $74,213. It's been over $90,000 this year.

https://en.macromicro.me/charts/29435/bitcoin-production-total-cost

Marathon Digital sold bonds to fund Bitcoin purchases. What's fucked up about that is they are supposed to secure the BTC network. Instead they are buying the asset. Rather than buying more mining rigs they are buying Bitcoin. Hello dummies, Bitcoin does not work without miners. What if 5 large mining facilities were blown up with rocket launchers?

Bitcoin Mining Is So Rough a Miner Adopted Michael Saylor's Successful BTC Strategy
Marathon Digital sold bonds to fund bitcoin purchases, following the route Saylor's MicroStrategy has taken to big stock market gains, as mining profits dwindle.

Rather than purchase more mining rigs, "given the current mining hash price, the internal rate of return (IRR) indicates that purchasing bitcoin using funds from debt or equity issuances is more beneficial to shareholders until conditions improve," the largest publicly traded miner posted recently on X. "Hash price" is a measure of mining profitability.

https://www.coindesk.com/business/2024/08/27/bitcoin-mining-is-so-rough-a-miner-adopted-michael-saylors-successful-btc-strategy/

The plan is being executed perfectly.

The issue is you want the market to obey your personal plan. Maybe your plan is wrong 🤷


How is everyone enjoying the bullish selling? ✋ 💎 🤚

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on August 28, 2024, 12:15:20 AM
Quote from: obsidian on August 27, 2024, 10:39:48 AM
BTC will outperform an "ALT" in a cycle, but what about the long term?  ;D

Sigh, crypto is volatile. Bitcoin is not immune to that. You come out of the woodwork when the Ethereum price retraced. It was at $4,200 a few months ago. Then you're silent or say it is a fluke and it will crash again.

Bitcoin is having its moment right now. Enjoy it. Most of the people buying Bitcoin have no clue that the POW model with a finite supply is 100% doomed. That includes you. Defend it. You said difficulty would adjust so miners become profitable again. It has not adjusted enough. They are losing tens of thousands to millions paying for electricity and mining equipment to secure the BTC network at a loss.


Especially for you Obsidian... (please do watch).

i=C26dfcBgN2KuFu-B
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on August 28, 2024, 01:05:06 AM
Quote from: gib on August 28, 2024, 12:15:20 AM
Especially for you Obsidian... (please do watch).

i=C26dfcBgN2KuFu-B

Well over 100k by March 2024, right? :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on August 28, 2024, 02:02:25 AM
Only a matter of time... patience young Jedi.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 28, 2024, 10:19:15 AM
Quote from: gib on August 28, 2024, 12:15:20 AM
Especially for you Obsidian... (please do watch).

i=C26dfcBgN2KuFu-B
That's from a channel named "Swan Bitcoin". Totally biased.

I have Binance BNB tokens also which I acquired back in 2017-2018. BNB has consistently outperformed Bitcoin, even over the past year. That destroys your Bitcoin is superior to "ALTS" argument. Go look at the charts.

The BTC POW model is doomed. You have a finite supply, and the miner rewards are cut in half every 4 years. That is unsustainable in 12-16 years or maybe sooner.

Miners are already starting to declare bankruptcy. POS is a better system for long-term viability.

https://financefeeds.com/bitcoin-miner-rhodium-fi-bankruptcy-100-million/

Bitcoin miner Rhodium files for bankruptcy, citing $100 million in liabilities
August 26, 2024

Bitcoin mining firm Rhodium Enterprises has filed for voluntary Chapter 11 bankruptcy in the US Bankruptcy Court for the Southern District of Texas, revealing liabilities of up to $100 million.

The filing was submitted on Saturday and specifically names six subsidiaries: Rhodium Encore, Jordan HPC, Rhodium JV, Rhodium 2.0, Rhodium 10MW, and Rhodium 30MW.

According to court documents, the company’s debts range between $50 million and $100 million, while its total assets are estimated between $100 million and $500 million.
________________

Rhodium is not the first Bitcoin mining company to seek bankruptcy protection. Core Scientific, another major player in the industry, filed for Chapter 11 in December 2022, citing falling cryptocurrency prices and rising energy costs. Core Scientific emerged from bankruptcy in early 2024.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 28, 2024, 10:21:43 AM
We are close to PEAK-ETH FUD. Keep it coming, please. Bullish!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on August 28, 2024, 11:04:26 AM
Quote from: obsidian on August 28, 2024, 10:19:15 AM

I have Binance BNB tokens also which I acquired back in 2017-2018. BNB has consistently outperformed Bitcoin, even over the past year. That destroys your Bitcoin is superior to "ALTS" argument. Go look at the charts.

The BTC POW model is doomed. You have a finite supply, and the miner rewards are cut in half every 4 years. That is unsustainable in 12-16 years or maybe sooner.

Miners are already starting to declare bankruptcy. POS is a better system for long-term viability.


The fact than you can cite one alt (I am sure there are more examples) as having out performed BTC from the time of that alts launch, does not change the fact that BTC outperforms almost all alts in the long term, and that almost all alts gravitate to zero over time. (That should be obvious, given that the number of alts which can be created are infinite).

Further, BNB is more analogous to a share in a business, than an alt to Bitcoin. The market is gradually understanding that, and this will over time drive its fundamental value, just like fundamentals drive the price of a share of Coinbase. So I would not really consider it an alt at all. An unregistered security backed by a blockchain token would be a more accurate phrase.

BTC miners going bankrupt is irrelevant to the price of BTC. We see miners in all industries over leveraging, then being hit by downward cycles, then things pick up and mining investment cycle repeats. We see it with gold, silver, copper, iron, aluminum, lithium. Its a natural part of the industry. When rewards half after a halvening, some BTC miners inevitably are not prepared, over leveraged, or undercapitalized, and will drop out. Happens every cycle. both with BTC and with physical commodities.

Over time, those miners who cannot remain profitable close up shop. Its a continuous battle towards better equipment, better efficiency, lower cost of energy, etc. At some point, price moves up and those who have survived make big profits. This encourages new entrants to come in, and for a while there is enough for all to profit and do well, and then eventually investment hits a peak, mining profitability his a low, and the process repeats. So with BTC, no concerns at all. Until the last sat is mined, there will always be an incentive to mine, and to beat others to the next satoshi. Pure capitalism protects Bitcoin, which is the beauty of Satoshi's invention.

As BTC adoption grows, miners will also make more from transaction fees. Secondly, it survival of the fittest. Those who can get access to better rigs, and lower energy cost, wil thrives over those who don't. So, until BTC price rises, we will see a focus on operational efficiency (and those companies will thrive most when the equilibrium moves back into profit again).

Remember, BTC also has a difficulty adjustment. So those remaining will see greater returns as hash rate adjusts in the favour. Again part of the beauty and genius of BTC, operating as an adapting organism. Further, if/when BTC price rises, those miners who have survived the winter get to gorge on the ripe fruit of valuable BTCs as their prices rise. In fact it is probably a matter of months before that swap occurs, leading to a period of juicy profitability for those miners who held out over the winter. Indeed, this has been exactly what has happened for every cycle since BTC has been in existence. And as you know, historically despite repeated halvings, BTCs hash rate has always risen over time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 28, 2024, 01:18:45 PM
Quote from: obsidian on August 28, 2024, 10:21:43 AM
We are close to PEAK-ETH FUD. Keep it coming, please. Bullish!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 28, 2024, 01:50:41 PM
Quote from: gib on August 28, 2024, 11:04:26 AM
As BTC adoption grows, miners will also make more from transaction fees.
The fee argument is dead on arrival. The premise is Bitcoin is a store of value. So where are all these fees going to come from if people hold and never sell? The Bitcoin transaction speed is also so slow at 7 TPS that there won't be a huge amount of transactions to generate fee income. There was a flash of fee-increase with the ordinal NFT development. That has died down. The lightning network increases the transaction speed and lowers the fees. But nobody is really using it much, and also why would they if BTC is a store of value. Ethereum L2 fees have also cratered after the fees were dramatically reduced via the Dencun upgrade.

Nobody has a real solution for the fee dilemma. Solana's problem is it gets spammed because of low fees because it costs nothing to spam which then bogs Solana down. Then we see all the failed Solana transactions or it going offline.

Ethereum will also see an increase in spam with the low L2 fees. Having many L2 chains help alleviate that. I can see a future upgrade where Ethereum users can make a transaction and the exchange will route the transaction on the least congested L2 at the lowest possible price, without the user having to click on a dropdown menu. That is where we are headed.

Ethereum's current inflation of 0.75% is not a huge concern. It is lower than Bitcoin's current inflation and a positive inflation means the Ethereum market cap grows even if there is sideways price action. It looks good on paper as the market cap grows even with 0% price action.

Bitcoin payments nosedive while Ethereum rises, Bitrefill study shows
https://finbold.com/bitcoin-payments-nosedive-while-ethereum-rises-bitrefill-study-shows/

Quote from: gib on August 28, 2024, 11:04:26 AM
Remember, BTC also has a difficulty adjustment. So those remaining will see greater returns as hash rate adjusts in the favour.
You say hash rate goes down to make mining easier. But it has not. Look at the chart. It just keeps going up.

https://www.blockchain.com/explorer/charts/hash-rate

Quote from: gib on August 28, 2024, 11:04:26 AM
And as you know, historically despite repeated halvings, BTCs hash rate has always risen over time.
You say hash rate goes up to make mining more difficult.

So which is it? First you say difficulty adjusts down with a lower hash rate after the halving so miners remain profitable. Then you say it goes up. It probably will go up if Bitcoin's price starts to go past $100,000. But then the price corrects down again. In the end, Bitcoin miners are finding it harder and harder to justify securing the Bitcoin network for everyone at a loss. And every 4-year halving will amplify this more.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 28, 2024, 01:55:13 PM
Quote from: Mayday on August 28, 2024, 01:18:45 PM

Let's revisit in late 2025 (if WW3 did not happen). I hope of course I am right. BlackRock probably also hopes they are right. But we'll see. I could be wrong, I agree. Price history cycles indicate otherwise but are not a guarantee.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on August 28, 2024, 04:50:18 PM
Jedi?  More like Padawan
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on August 28, 2024, 04:51:18 PM
Quote from: obsidian on August 28, 2024, 10:21:43 AM
We are close to PEAK-ETH FUD. Keep it coming, please. Bullish!

ETH to 10k!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 29, 2024, 06:40:53 PM
Quote from: obsidian on August 28, 2024, 01:55:13 PM
Let's revisit in late 2025 (if WW3 did not happen). I hope of course I am right. BlackRock probably also hopes they are right. But we'll see. I could be wrong, I agree. Price history cycles indicate otherwise but are not a guarantee.

I have said we have another peak in 2025. Bear market now and has been for 5mths since the top.

Just because someone buys doesn’t mean they are HoDLeRs. Big players purchase, open a short and dump into it. Where do you think the sell firepower is coming from?

Historic data is open to interpretation. That’s why HoDL exists. People get it wrong so often they created a HoDL strategy where the belief is if you hold long enough it will outweigh your poor ability to read markets short term. It’s an interesting logic to apply, you are wrong about everything in the short term but if you do nothing, you will be correct in some unknown time period in the future. 

It’s quite the pickle people are getting themselves into thinking HoDLing crypto will somehow make their incorrect financial calls correct.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on August 30, 2024, 04:52:04 AM
Quote from: obsidian on August 28, 2024, 01:50:41 PM
The fee argument is dead on arrival. The premise is Bitcoin is a store of value. So where are all these fees going to come from if people hold and never sell? The Bitcoin transaction speed is also so slow at 7 TPS that there won't be a huge amount of transactions to generate fee income. There was a flash of fee-increase with the ordinal NFT development. That has died down. The lightning network increases the transaction speed and lowers the fees. But nobody is really using it much, and also why would they if BTC is a store of value. Ethereum L2 fees have also cratered after the fees were dramatically reduced via the Dencun upgrade.

Nobody has a real solution for the fee dilemma. Solana's problem is it gets spammed because of low fees because it costs nothing to spam which then bogs Solana down. Then we see all the failed Solana transactions or it going offline.

Ethereum will also see an increase in spam with the low L2 fees. Having many L2 chains help alleviate that. I can see a future upgrade where Ethereum users can make a transaction and the exchange will route the transaction on the least congested L2 at the lowest possible price, without the user having to click on a dropdown menu. That is where we are headed.

Ethereum's current inflation of 0.75% is not a huge concern. It is lower than Bitcoin's current inflation and a positive inflation means the Ethereum market cap grows even if there is sideways price action. It looks good on paper as the market cap grows even with 0% price action.

Bitcoin payments nosedive while Ethereum rises, Bitrefill study shows
https://finbold.com/bitcoin-payments-nosedive-while-ethereum-rises-bitrefill-study-shows/
You say hash rate goes down to make mining easier. But it has not. Look at the chart. It just keeps going up.

https://www.blockchain.com/explorer/charts/hash-rate
You say hash rate goes up to make mining more difficult.

So which is it? First you say difficulty adjusts down with a lower hash rate after the halving so miners remain profitable. Then you say it goes up. It probably will go up if Bitcoin's price starts to go past $100,000. But then the price corrects down again. In the end, Bitcoin miners are finding it harder and harder to justify securing the Bitcoin network for everyone at a loss. And every 4-year halving will amplify this more.

Come on Obsidian - you are smarter than that as we both know it. But just in case not (or for anyone who might be misled by your comments), we made a little video here in which each of your points is addressed...

i=0Ryl-tKF6xr6X4fE
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 30, 2024, 05:32:43 AM
Quote from: gib on August 30, 2024, 04:52:04 AM
Come on Obsidian - you are smarter than that as we both know it. But just in case not (or for anyone who might be misled by your comments), we made a little video here in which each of your points is addressed...

i=0Ryl-tKF6xr6X4fE
I'll watch it later today. I like Coin Bureau's content.

I did a quick calculation:
450 BTC mined daily. At a price of $72,000 per 1 BTC mined that represents $32,400,400
BTC can do 7 TPS so in a day it could do a maximum of 7x60x60x24 = 604,800 transactions per day (Max Theoretical).
I read there's typically around 300,000 - 400,000 BTC transactions per day.

32,400,000 / 300,000 = $108
32,400,000 / 400,000 = $81
32,400,000 / 604,800 = $54

TO BREAK EVEN AND MAINTAIN THE CURRENT HASH RATE / SECURITY WITHOUT MINER REWARDS:
If there were zero BTC  miner yield / rewards, BTC transactions would require a fee of around $54-108 per transaction depending on the transaction volume.

If energy or hardware costs goes up then the transaction fees would increase if the same level of security is desired.

The fees would probably have to be double to ensure profit for miners. $108-216 per transaction fee would work in 2024. These numbers will probably go up yearly.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on August 30, 2024, 05:50:57 AM
Quote from: obsidian on August 30, 2024, 05:32:43 AM
I'll watch it later today. I like Coin Bureau's content.

I did a quick calculation:
450 BTC mined daily. At a price of $72,000 per 1 BTC mined that represents $32,400,400
BTC can do 7 TPS so in a day it could do a maximum of 7x60x60x24 = 604,800 transactions per day (Max Theoretical).
I read there's typically around 300,000 - 400,000 BTC transactions per day.

32,400,000 / 300,000 = $108
32,400,000 / 400,000 = $81
32,400,000 / 604,800 = $54

TO BREAK EVEN AND MAINTAIN THE CURRENT HASH RATE / SECURITY WITHOUT MINER REWARDS:
If there were zero BTC  miner yield / rewards, BTC transactions would require a fee of around $54-108 per transaction depending on the transaction volume.

If energy or hardware costs goes up then the transaction fees would increase if the same level of security is desired.

The fees would probably have to be double to ensure profit for miners. $108-216 per transaction fee would work in 2024. These numbers will probably go up yearly.

Your concerns are all nicely addressed in video - enjoy. :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on August 30, 2024, 01:20:03 PM
(https://media.tenor.com/images/25eba48a338d64e17edc99f88f0482bf/tenor.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 30, 2024, 01:42:22 PM
Obsidian you are still confused.

Hash rate for security, Miners  for centralisation.

You should be spending your energy on what you need ETH to do in order to not go down in flames. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on August 30, 2024, 01:45:34 PM
Quote from: loco on August 30, 2024, 01:20:03 PM
(https://media.tenor.com/images/25eba48a338d64e17edc99f88f0482bf/tenor.gif)


(https://media4.giphy.com/media/7xZAu81T70Uuc/giphy.gif?cid=6c09b952y5lndiioomt7zzdovluga96cbdljp2b9md2fek5d&ep=v1_internal_gif_by_id&rid=giphy.gif&ct=g)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on August 30, 2024, 01:53:43 PM
Quote from: Mayday on August 30, 2024, 01:45:34 PM

(https://media4.giphy.com/media/7xZAu81T70Uuc/giphy.gif?cid=6c09b952y5lndiioomt7zzdovluga96cbdljp2b9md2fek5d&ep=v1_internal_gif_by_id&rid=giphy.gif&ct=g)

 :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 30, 2024, 02:43:57 PM
Quote from: Mayday on August 30, 2024, 01:42:22 PM
Obsidian you are still confused.

Hash rate for security, Miners  for centralisation.

You should be spending your energy on what you need ETH to do in order to not go down in flames.
Are you still confusing ASICs with GPUs?  ;D

I do appreciate your ETH FUD. More please!!  :P


While the SEC is going after crypto's top American companies, Asia continues to push web3 adoption further. Sony Group partnered with Soneium, an Ethereum Layer 2 blockchain, with the mission focused on mainstream adoption.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 30, 2024, 02:56:03 PM
Quote from: gib on August 30, 2024, 05:50:57 AM
Your concerns are all nicely addressed in video - enjoy. :)
I watched it at 2x speed. Nothing said I did not already know. Guy talks about BTC's finite supply of 21 million. There's nothing unique about that. ZCASH has the same 21 million cap and offers superior privacy compared with Bitcoin. It should be more desirable for people that want to avoid government scrutiny. Monero is even better for that.

He talks about miners delving into AI to offset BTC mining losses. And he mentions the risk that they might ditch BTC mining entirely since AI and GPUs are so much more profitable currently. Those ASICs are useless for anything other than BTC mining which is why I loathe them.

Well, all this means is it helps AI and does nothing for the BTC network.

IF the BTC price starts rising to $100,000 and beyond it will provide some relief for the miners. And then 4 years from now we do this again. As I mentioned, the BTC POW model with a finite supply starts to crack 12-20 years from now.

You're a long-term Bitcoin investor, at least just think about the mining / fee problem 20 years from now. It's possible that governments will get involved as their holdings increase and will be willing to subsidize securing the BTC network with tax-payer funds. We'll see what happens. Securing BTC via POW mining with the ridiculous power consumption is moronic IMO.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on August 31, 2024, 09:25:10 AM
Quote from: obsidian on August 30, 2024, 02:56:03 PM
Securing BTC via POW mining with the ridiculous power consumption is moronic IMO.

If you want the ultimate form of money cannot be counterfeited, you need to root it some something which cannot be counterfeited. Which is energy.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on August 31, 2024, 01:58:29 PM
Quote from: gib on August 31, 2024, 09:25:10 AM
If you want the ultimate form of money cannot be counterfeited, you need to root it some something which cannot be counterfeited. Which is energy.
All blockchains use energy. You can't run Ethereum without validators and nodes. Both require decent computer hardware. Nodes need more storage. Validators need less storage but still require fast SSDs. Both need to have network reliability, reliable power and redundancy.

ETH Nodes: 6279
https://ethernodes.org/

ETH Validators: 1,063,827
https://beaconcha.in/charts/validators

Solana's hardware requirements are insane. Ethereum, Solana, Cardano and other blockhain validators and nodes are vastly more complex than an ASIC appliance.

To attack a POS chain like Ethereum you would have to first buy 32 ETH per validator, and then buy the hardware to become one. Then you need to get in a queue to actually get the validator up and running. Since you are attacking the network know that your ETH funds will be slashed when the dishonest behavior is discovered. You wasted electrical power and your ETH assets are lost.

To attack Bitcoin you need the hardware and electricity. Your funds are not slashed. An unsuccessful attack means you wasted the electricity. You can sell the hardware but the power was wasted.

Human Energy:
You need humans to develop the blockchains. Bitcoin is no different. Bitcoin depends on human energy to make it work. Setting up mining farms, developing updates, maintaining the hardware, etc. Same goes for Ethereum and other blockchains. There are almost 8x mode ETH L1 developers than BTC. If you add in the ETH L2 developers the human energy completely dwarfs all other current blockchains. As mentioned above there are over 1 million ETH validators and over 6,000 ETH nodes. That's thousands more humans required to install, configure, maintain, etc.

Developers:
https://www.developerreport.com/

ETH Total Developers: 8,865
ETH Full-Time Developers: 2,788

ETH L2 Base Total Developers: 3,991
ETH L2 Base Full-Time Developers: 889

BTC Total Developers: 1,246
BTC Full-Time Developers: 358

The Ethereum L2s Base, Polygon, Arbitrum & Optimism each have more developers than Bitcoin.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on August 31, 2024, 11:27:16 PM
Quote from: obsidian on August 31, 2024, 01:58:29 PM

To attack Bitcoin you need the hardware and electricity. Your funds are not slashed. An unsuccessful attack means you wasted the electricity. You can sell the hardware but the power was wasted.


Yes, but you do realize how much energy you would need and how much that would cost you right?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on September 01, 2024, 11:32:06 PM
Quote from: gib on July 25, 2024, 09:56:48 AM
Always interesting to look and observe at the BTC to ETH price ratio. You will see ETH continues to decline. (Had a little pop on ETF hope, which turns out to be a real dud, and now has resumed its continued downward trend).

Eth is now down 24% to BTC since the beginning of the year, and this is likely to continue. So we might well be looking at down 35-50% BTC by year end.

Always interesting to look back and see how things turned out.

At the time I wrote this, the Eth to BTC ratio was around 0.055 (ie - one eth bought you 0.055 of a BTC). Now that ratio is 0.043). Eth was already down 24% to BTC over the year at that time. It's now down 33%, and is at a year to date, one year, 2 year, and 3 year, low to BTC in comparative value.

So, we have now are touching the bottom end of my 35-50% decline prediction, passing a 30% decline, and as I said, I expect that decline to increase over time.

It should now be very obvious to all that we are in the "1 step forwards, 2 steps back" pattern for Eth, with no end in sight which I can realistically foresee.

I could certainly imagine a scenario where all "crypto" sharply drops for a period of time (with BTC dropping the least) as well as one where BTC sharply rises (with Eth being left behind and rising far less that BTC). Both scenarios would of course widen the BTC / Eth ratio decline if this was to occur.

Either way, whether this "slow death" of ETH continues just a as a slow bleed or whether its decline curve starts to accelerate at some point is not yet clear, but what I would say is to move your remaining value of any Eth into BTC if you are looking for long term store of value, and into Sol if you want some exposure to de-gen speculation further on down the infinitely dilutive spectrum of shitcoins.

Obsidian - we are all here to ultimately help each other, and I know you are a smart guy. Why not just DCA Eth to BTC a little each day/week, to at least balance out your exposure not to mention salvage what you have? (I know you mentioned tax, but I still think ultimately you should consider, and a smart guy like you should easily be able out to figure out a way to do this which does not result in your money being stolen).

This may be one of this "rip off the band-aid" moments - you know you need to do it, and it's gonna hurt a little either way you do it, fast or slow.

We all want to be here in 5-10 year confidently gloating about our BTC value in unison, not telling stories of regrets and shitcoin lessons learned, "coulda, woulda, shoulda", etc, commiserating each other on losses, and then having me pull up this post as a quote writing about "told you so" and "hope lessons have been learned..." etc.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on September 02, 2024, 12:32:32 PM
Quote from: gib on August 31, 2024, 11:27:16 PM
Yes, but you do realize how much energy you would need and how much that would cost you right?
I realize that. What it rockets or bombs were used to attack a few large mining farms? Or cut / destroy their power feeds? What if Saylor is kidnapped?

Bitcoin and Ethereum or any other blockchain could also receive Layer 0 attacks.

- A misinformation campaign could erode the trust the Bitcoin or Ethereum community has.
- Targeted attacks and/or intimidation directed at the developer community.
- Over-zealous regulation could also be considered to be an attack on Layer 0.
- Infiltration of knowledgeable but malicious actors into the developer community.
- Bribes made to key players in the Bitcoin or Ethereum ecosystem to influence decision making.

https://ethereum.org/en/developers/docs/consensus-mechanisms/pos/attack-and-defense/

For a 51% Ethereum attack you would need to acquire more than 23.5 million ETH. Then you need to buy the hardware to configure more than 734,375 validators. It is not recommended to have more than 1000 validators on one powerful machine. That's more than 734 machines. How much time would it take to setup and run 734,375 validators? If one person can do 10 per day, and you have 10 people working on it - that still leaves 7,344 days. That's 20 years. 10 years with 20 people and 2 years with 100 people.

(https://pbs.twimg.com/media/GSFn15Kb0AAZTvk?format=jpg&name=4096x4096)

https://dailyhodl.com/2024/07/13/more-than-a-third-of-ethereum-supply-worth-over-147000000000-now-staked-according-to-santiment/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on September 02, 2024, 03:04:24 PM

I’m starting to see people talk 2026 😂

“It’s not going anywhere right now so let’s HoDL because that will magically fix my being wrong in the short term”

No.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on September 04, 2024, 10:42:34 PM


Super cycle narrative being pulled out again. More and more 2026 talk happening.

Yes, the same narrative that got retail wrecked is being pulled out again.

The supercycle narrative gunna be used in conjunction with the US re-pegging the USD I warned of yonks ago. This works very well on retail plebs as price action will suck badly and be explained away as ‘oh but the US hasn’t pegged yet but once they do, price will rocket’.

Also seeing utterly horrific economic takes right now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on September 06, 2024, 05:02:20 AM
(https://media.tenor.com/images/25eba48a338d64e17edc99f88f0482bf/tenor.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on September 06, 2024, 01:43:13 PM
Eth getting absolutely raped!

Now down 35% YOY to BTC and at its lowest level to BTC for the year now just .041 BTC to 1 ETH. Also a year low and an almost linear continuation of the trend.

Obsidian - please can you stop with this stubbornness and just rip off the band-aid.

Deep down you know - BTC will outperform ETH on the upside, and then on the downside, eth underperforms.

Here is what I would do - of 100% Eth I would move 60% into BTC right now. Keep 20% in ETH and move 10% each into Solana and Filecoin.

You are a smart guy, and you deserve to be rewarded for that.

Please have a think... Come one man. This is not about one person outdoing the other. Just lets all succeed please.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on September 06, 2024, 02:39:54 PM
Quote from: gib on September 06, 2024, 01:43:13 PM
Eth getting absolutely raped!

Now down 35% YOY to BTC and at its lowest level to BTC for the year now just .041 BTC to 1 ETH. Also a year low and an almost linear continuation of the trend.

Obsidian - please can you stop with this stubbornness and just rip off the band-aid.

Deep down you know - BTC will outperform ETH on the upside, and then on the downside, eth underperforms.

Here is what I would do - of 100% Eth I would move 60% into BTC right now. Keep 20% in ETH and move 10% each into Solana and Filecoin.

You are a smart guy, and you deserve to be rewarded for that.

Please have a think... Come one man. This is not about one person outdoing the other. Just lets all succeed please.
lol I love it! Thanks for all the compliments and wishing me success - I appreciate it! I wish the same for you!

Don't take this the wrong way, but I won't be chasing the BTC / ETH pairing. There are capital gains tax implications for me and as you mentioned ETH already bled against BTC. It could bleed more in the near term. Trading now would be the equivalent of buying high and selling low. My conviction in Ethereum is also very strong. I see through the noise, the FUD, the fundamentals.

Bitcoin is like a shiny house sitting on shitty foundations. Or a mansion built on a fault or flood area. It is bound to have problems long-term.

Look at this example:

Man lost nearly all his Bitcoin by mining Bitcoin

On August 2021 I spent exactly 1 BTC on 6 Antminer S19j Pros. These were state-of-the art miners that cost $7,500 each, and were hosted with Compass Mining, which sources warehouses with cheap electricity ($0.06 kw/h which gradually increased to $0.08 kw/h).

As of today, these miners are no longer profitable to run. These miners are now worth $500 each (0.05 BTC for 6) which means I lost .95 BTC on the hardware cost.

Electricity for the miners was paid each month with the bitcoin mined. Of the .9 BTC mined between 2021 and today, .7 BTC went to electricity costs. This means in 3 years, the miners only made .2 BTC of profit.

So my initial investment of 1 BTC has resulted in .2 BTC of revenue and .05 BTC worth of hardware. I only have .25 BTC to show for all of this, a loss of 75%.

Please do not make the mistake I did, you are infinitely better off just buying and holding bitcoin than by trying to mine it. The bottom line is bitcoin mining is subsidized by fiat loans, companies can absolutely make a profit in fiat terms by taking out loans to buy miners, but by spending bitcoin on miners directly the depreciation of the hardware will make it so you never, ever make a return in bitcoin.

Right now an Antminer S21 costs 0.09 BTC and will net you 0.001-0.002 BTC a month after electricity costs. With a break even time of 4-7 years at the current hash rate (and hash rate only gets exponentially higher over time), you will never, ever make your bitcoin back.

BTC POW mining is doomed in the long run. The miner rewards will keep halving and then transaction fees are supposed to keep miners interested to secure the network. They have been mining at a loss for months. Miners are switching their operations to AI which will have little benefit for BTC. Miners are basically doing pro bono work at a loss! That's dedication. Meanwhile ETH stakers are earning yield and not losing out like BTC miners are.

A person pool staking 100 ETH will earn a little over 2 ETH at current rates in 1 year. Even at $2000 / ETH that's $4000+ of passive income per year on $200,000 committed to staking. If the value of ETH goes up their passive income increases in dollar terms. The yields could also increase if stakers drop out. It regulates the same way the BTC mining difficulty is supposed to adjust. Some investors may not like a 2% APY on ETH staking and decide to stop staking. Then the yield increases for the remaining stakers. I used to earn 4% APY on ETH staking a few years ago.

A BTC miner spending $200,000 on electricity and hardware in 1 year could potentially mine 2.75 BTC per year at current rates - no guarantee.
A BTC buyer spending $200,000 on BTC at today's rate could buy 3.8 BTC. 3.8-2.75 =  1.05 BTC or around $53,000.

The BTC miner paid a premium of $53,000 on $200,000 worth of BTC compared to the BTC buyer. The BTC miner did all the work so the BTC buyer could buy at a discount. Seems destined to fail.

https://en.macromicro.me/charts/29435/bitcoin-production-total-cost
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on September 07, 2024, 02:14:29 AM
Quote from: gib on September 06, 2024, 01:43:13 PM
Eth getting absolutely raped!

Now down 35% YOY to BTC and at its lowest level to BTC for the year now just .041 BTC to 1 ETH. Also a year low and an almost linear continuation of the trend.

Obsidian - please can you stop with this stubbornness and just rip off the band-aid.

Deep down you know - BTC will outperform ETH on the upside, and then on the downside, eth underperforms.

Here is what I would do - of 100% Eth I would move 60% into BTC right now. Keep 20% in ETH and move 10% each into Solana and Filecoin.

You are a smart guy, and you deserve to be rewarded for that.

Please have a think... Come one man. This is not about one person outdoing the other. Just lets all succeed please.
BTC ETFs getting raped really hard. The past 8 trading sessions have been way in the red. Worse than the ETH ETFs which have not been great either lol! At least BlackRock's ETHA saw some inflows on Friday.

https://farside.co.uk/btc/
https://farside.co.uk/eth/

GIB, I saw and held ETH when it crashed from $1,350 down to $80 in 2018/2019. Do you think a crash from $4,000 to $2,000 will faze me?

I also saw ETH crash from a high of 0.15 BTC down to around 0.017 in 2020. It rebounded by 2021. ETH also initially held better than Bitcoin when BTC took a crap after 2021. 2 years ago is when the ETH / BTC pair broke down. ETH is very oversold and undervalued compared to BTC. Smart money would realize now is the time to rotate into Ethereum. Your advice could be flipped. I say you should be happy with how well BTC performed compared to ETH and rotate into Ethereum.

We might see one of the most hated ETH rallies come from nowhere as it has done before - with many people sitting on the sidelines. The fundamentals are good. Base activity is through the roof. Sony is releasing an ETH L2. ETH inflation is still lower than Bitcoin and a lot lower than Solana. ETH staking is at an ATH. The only thing that's sucked so far is the price. That can always change as it had before.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: GymnJuice on September 07, 2024, 04:50:20 AM
Quote from: obsidian on September 07, 2024, 02:14:29 AM
BTC ETFs getting raped really hard. The past 8 trading sessions have been way in the red. Worse than the ETH ETFs which have not been great either lol! At least BlackRock's ETHA saw some inflows on Friday.

https://farside.co.uk/btc/
https://farside.co.uk/eth/

GIB, I saw and held ETH when it crashed from $1,350 down to $80 in 2018/2019. Do you think a crash from $4,000 to $2,000 will faze me?

I also saw ETH crash from a high of 0.15 BTC down to around 0.017 in 2020. It rebounded by 2021. ETH also initially held better than Bitcoin when BTC took a crap after 2021. 2 years ago is when the ETH / BTC pair broke down. ETH is very oversold and undervalued compared to BTC. Smart money would realize now is the time to rotate into Ethereum. Your advice could be flipped. I say you should be happy with how well BTC performed compared to ETH and rotate into Ethereum.

We might see one of the most hated ETH rallies come from nowhere as it has done before - with many people sitting on the sidelines. The fundamentals are good. Base activity is through the roof. Sony is releasing an ETH L2. ETH inflation is still lower than Bitcoin and a lot lower than Solana. ETH staking is at an ATH. The only thing that's sucked so far is the price. That can always change as it had before.

I bought the bitcoin ETF a few days after it came out on Schwab. I had been up 50%, now only up 30%. It is a small portion of the overall portfolio. It was a small bet that bitcoin might eventually become more mainstream since it was offered on the brokerage. So, I'm not so worried about these fluctuations I'm just holding and waiting to see what happens years down the road.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on September 09, 2024, 04:09:24 AM
Quote from: GymnJuice on September 07, 2024, 04:50:20 AM
I bought the bitcoin ETF a few days after it came out on Schwab. I had been up 50%, now only up 30%. It is a small portion of the overall portfolio. It was a small bet that bitcoin might eventually become more mainstream since it was offered on the brokerage. So, I'm not so worried about these fluctuations I'm just holding and waiting to see what happens years down the road.

If your thesis is that is will rise over time, simply hodl and let time be your friend. Treat every dip as a further accumulation opportunity.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on September 15, 2024, 09:14:24 AM
Eth to BTC systemic decline continues.

1 Eth now just buys .04 of a BTC. An all time low for the last year, 2 years, and 3 years when Eth commenced its systemic decline to BTC (being seen from that point on as just another "alt" as opposed to a rival to BTC's store of value function).

And Eth now down 36% to BTC over the last year, having now entered my predicted range of being down 35-50% to BTC over this year.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on September 18, 2024, 11:31:29 AM
Well we got 50 Bps from the Fed boys! When money flows again, BTC rises. And in the short term this should help float all boats - even Eth... :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on September 18, 2024, 04:56:42 PM
Quote from: gib on September 18, 2024, 11:31:29 AM
Well we got 50 Bps from the Fed boys! When money flows again, BTC rises. And in the short term this should help float all boats - even Eth... :)

Should I be posting bullish things and fuel the fire? 🤔

I have an optimistic price target by the way. I just wasn’t sure if we hit it this cycle or next.

If we go down lower within the next 6mths, I give higher chance of my optimistic number occuring.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on September 18, 2024, 05:23:36 PM
Quote from: Mayday on September 18, 2024, 04:56:42 PM
Should I be posting bullish things and fuel the fire? 🤔

I have an optimistic price target by the way. I just wasn’t sure if we hit it this cycle or next.

If we go down lower within the next 6mths, I give higher chance of my optimistic number occuring.

You know a hurricane is gonna hit Florida just not sure if it’s this year or next year by the way.

If there is no hurricane in the next 6 months I give a higher chance of the hurricane occurring next year. 


Anyone else hear the peanuts teacher when this guy posts his Nostradamus predictions?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on September 19, 2024, 07:37:33 AM
BTC and ETH seem to be following the US stock market upward today, a day after the big Fed rate cut.  Let's hope it lasts.   ;D

(https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcSrAV4ny-1gkYcCiQy3Cu-OYpjHUn_WV0rV_w&s)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on September 25, 2024, 03:32:36 AM
Quote from: gib on September 06, 2024, 01:43:13 PM
Eth getting absolutely raped!

Now down 35% YOY to BTC and at its lowest level to BTC for the year now just .041 BTC to 1 ETH. Also a year low and an almost linear continuation of the trend.

Obsidian - please can you stop with this stubbornness and just rip off the band-aid.

Deep down you know - BTC will outperform ETH on the upside, and then on the downside, eth underperforms.

Here is what I would do - of 100% Eth I would move 60% into BTC right now. Keep 20% in ETH and move 10% each into Solana and Filecoin.

You are a smart guy, and you deserve to be rewarded for that.

Please have a think... Come one man. This is not about one person outdoing the other. Just lets all succeed please.

Gib you are becoming a good inverse indicator. I've lost count of how many completely wrong takes you've given this year.

There may be one more low for ETH/BTC but it won't last long. You are basically marking the low though for ETH/BTC and posting that people swap ETH for BTC when they should be doing exactly the opposite.

ETH recovery and new ATHs is simple. The sexy yields from Tradfi instruments are about to end and ETH yield will become much more sexier.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on September 25, 2024, 05:35:38 AM
Quote from: Flexacon on September 25, 2024, 03:32:36 AM
Gib you are becoming a good inverse indicator. I've lost count of how many completely wrong takes you've given this year.

There may be one more low for ETH/BTC but it won't last long. You are basically marking the low though for ETH/BTC and posting that people swap ETH for BTC when they should be doing exactly the opposite.

ETH recovery and new ATHs is simple. The sexy yields from Tradfi instruments are about to end and ETH yield will become much more sexier.

What are you talking about you fool?

First of all Eth has been on a continuous decline to BTC for the last 3 years. Take a look at the data. Its almost a perfect continues relate of decline.

Second, I called for Eth's decline with the ETH to BTC ratio was 1 eth to 0.06 BTC a year ago. It now 1 eth to 0.041 BTC. And you think I am "wrong" because ETH recently hit .04, and now is .041? You absolute imbecile lol!

Eth is now down 33% to BTC over the last year. If you really think this trend will reverse, then sell your bitcoin to buy shitcoins - I dare you!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on September 25, 2024, 05:53:50 AM
Obsidan - this clip may interest you...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on September 25, 2024, 06:17:00 AM
Quote from: gib on September 25, 2024, 05:35:38 AM
What are you talking about you fool?

First of all Eth has been on a continuous decline to BTC for the last 3 years. Take a look at the data. Its almost a perfect continues relate of decline.

Second, I called for Eth's decline with the ETH to BTC ratio was 1 eth to 0.06 BTC a year ago. It now 1 eth to 0.041 BTC. And you think I am "wrong" because ETH recently hit .04, and now is .041? You absolute imbecile lol!

Eth is now down 33% to BTC over the last year. If you really think this trend will reverse, then sell your bitcoin to buy shitcoins - I dare you!

Nice meltdown

Tell me again about how all ALTs are going to banned by the SEC

Tell me again how Wall St cronies would never allow an ETH ETF as they chose BTC as their winner.

Tell me again how you're a securities law expert by profession and how ETH would be declared a security.

My brother you should do the honourable thing and commit Seppuku or at least find a new profession.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on September 25, 2024, 06:34:00 AM
Quote from: Flexacon on September 25, 2024, 06:17:00 AM
Nice meltdown

Tell me again about how all ALTs are going to banned by the SEC

Tell me again how Wall St cronies would never allow an ETH ETF as they chose BTC as their winner.

Tell me again how you're a securities law expert by profession and how ETH would be declared a security.

My brother you should do the honourable thing and commit Seppuku or at least find a new profession.

 :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on September 25, 2024, 06:48:33 AM
Quote from: gib on September 25, 2024, 05:35:38 AM
What are you talking about you fool?

First of all Eth has been on a continuous decline to BTC for the last 3 years. Take a look at the data. Its almost a perfect continues relate of decline.

Second, I called for Eth's decline with the ETH to BTC ratio was 1 eth to 0.06 BTC a year ago. It now 1 eth to 0.041 BTC. And you think I am "wrong" because ETH recently hit .04, and now is .041? You absolute imbecile lol!

Eth is now down 33% to BTC over the last year. If you really think this trend will reverse, then sell your bitcoin to buy shitcoins - I dare you!

You have taken a trend of the last 24 hours, and tried to some how claim this is a reversal of a trend we have seen for the last 3 years? You absolute de-gen moron Flexatron lol!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on September 25, 2024, 06:53:18 AM
Quote from: Flexacon on September 25, 2024, 06:17:00 AM
Nice meltdown

Tell me again about how all ALTs are going to banned by the SEC

Tell me again how Wall St cronies would never allow an ETH ETF as they chose BTC as their winner.

Tell me again how you're a securities law expert by profession and how ETH would be declared a security.

My brother you should do the honourable thing and commit Seppuku or at least find a new profession.

I have already explained it to you many times - go back and read my comments. (In summary, ETH IS a security). However, I cannot control the decisions of the SEC can I. Do I think the decision is wrong? Yes, I do, and the reasons for that will be proven to be the case in good time (which is of course also why, despite being now listed as an ETF, ETH continues to underperform. As I explained earlier, you can wrap a piece of shit in a nice wrapper, but underneath it all, its still a piece of shit, not matter how you disguise it, or what you call it..

Now go watch the clip I just posted about Coinbase and Eth...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on September 25, 2024, 08:17:14 AM
Quote from: gib on September 25, 2024, 06:48:33 AM
You have taken a trend of the last 24 hours, and tried to some how claim this is a reversal of a trend we have seen for the last 3 years? You absolute de-gen moron Flexatron lol!

Misquoting the wrong post. That's when you know they are in meltdown mode.

My man I never said it was a reversal. I even said it could go lower. Reading comprehension bro. My post was strongly weighted to how you are more of a counter indicator these days, so I'm calling for a reversal soon. Never said this was it.

Quote from: Flexacon on September 25, 2024, 03:32:36 AM
Gib you are becoming a good inverse indicator. I've lost count of how many completely wrong takes you've given this year.

There may be one more low for ETH/BTC but it won't last long. You are basically marking the low though for ETH/BTC and posting that people swap ETH for BTC when they should be doing exactly the opposite.

ETH recovery and new ATHs is simple. The sexy yields from Tradfi instruments are about to end and ETH yield will become much more sexier.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on September 25, 2024, 08:17:54 AM
Quote from: gib on September 25, 2024, 06:53:18 AM
I have already explained it to you many times - go back and read my comments. (In summary, ETH IS a security). However, I cannot control the decisions of the SEC can I. Do I think the decision is wrong? Yes, I do, and the reasons for that will be proven to be the case in good time (which is of course also why, despite being now listed as an ETF, ETH continues to underperform. As I explained earlier, you can wrap a piece of shit in a nice wrapper, but underneath it all, its still a piece of shit, not matter how you disguise it, or what you call it..

Now go watch the clip I just posted about Coinbase and Eth...

My guy, at this point taking advice from you on anything securities related would be like taking dieting advice from Shizzo or bodybuilding tips from Bhanks
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on September 25, 2024, 09:02:11 AM
Quote from: Flexacon on September 25, 2024, 08:17:54 AM
My guy, at this point taking advice from you on anything securities related would be like taking dieting advice from Shizzo or bodybuilding tips from Bhanks

Well, all I can say is make your own decisions based on all information you have available. Ultimately, time will determine whether those decisions are the right ones or not. I believe you will learn a lesson...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on September 25, 2024, 10:00:13 AM
Quote from: Flexacon on September 25, 2024, 03:32:36 AM

ETH recovery and new ATHs is simple. The sexy yields from Tradfi instruments are about to end and ETH yield will become much more sexier.

Nothing sexy about staking (vs doing actual work), and no such thing as "free money" in this world, sad to have to tell you...

Diminishing Returns on Security - The addition of more  and more validators in terms of security provides marginal benefit decreases, while the costs as a result of the ETH issuance continue to rise.

Increased Costs for Validators - As we see more staking occur (chasing that "sexy yield"), the operational costs, hardware upkeep etc also rise. These costs ultimately are born by users, and will make the network more expensive to maintain over time.

Centralization Risks - With large entities or staking pools controlling significant portions of staked ETH the risk of centralization obviously increases. This will compromise the very decentralization that Ethereum pretends to have.

Dilution and Inflation - Worst of all (for those wanting "number go up". It is actually all an illusion, just like how people believe a stock become more valuable because the company has done a stock split. Excessive issuance of new ETH to reward validators will obviously leads to inflation, which dilutes the value of existing ETH holdings. Ands this is of course EXACTLY why we are seeing the value of ETH decline to BTC over time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on September 25, 2024, 11:45:01 AM
Quote from: gib on September 25, 2024, 10:00:13 AM
Nothing sexy about staking (vs doing actual work), and no such thing as "free money" in this world, sad to have to tell you...

Diminishing Returns on Security - The addition of more  and more validators in terms of security provides marginal benefit decreases, while the costs as a result of the ETH issuance continue to rise.

Increased Costs for Validators - As we see more staking occur (chasing that "sexy yield"), the operational costs, hardware upkeep etc also rise. These costs ultimately are born by users, and will make the network more expensive to maintain over time.

Centralization Risks - With large entities or staking pools controlling significant portions of staked ETH the risk of centralization obviously increases. This will compromise the very decentralization that Ethereum pretends to have.

Dilution and Inflation - Worst of all (for those wanting "number go up". It is actually all an illusion, just like how people believe a stock become more valuable because the company has done a stock split. Excessive issuance of new ETH to reward validators will obviously leads to inflation, which dilutes the value of existing ETH holdings. Ands this is of course EXACTLY why we are seeing the value of ETH decline to BTC over time.
The Pectra upgrade in early 2025 will remove the 32 ETH cap for validators. This will make it possible to reduce the number of validators required.

"The Pectra upgrade will raise the staking cap for Ethereum validators from 32 ETH to 2,048 ETH. Ethereum core developers are targeting the launch of the Pectra upgrade by the end of the first quarter of 2025."

https://coinedition.com/ethereums-pectra-upgrade-stakes-raised-for-validators-smart-contracts-get-smarter/#:~:text=The%20Pectra%20upgrade%20will%20raise%20the%20staking%20cap,the%20end%20of%20the%20first%20quarter%20of%202025.

Ethereum is already over secured. The cost and time to attack the ETH network is higher than it is to attack Bitcoin. I did the numbers. It would cost around $5-10 billion upfront and around $10 million in daily costs to perform a BTC 51% attack. I can provide the breakdown if you'd like to see it.

To attack ETH you need to acquire more than 51% of the staked ETH, purchase hardware, find enough people to configure the hardware and validators. It would take months to years to get it all set up. And as ETH is acquired the price would go up making it more and more expensive to reach the 51% threshold. Even at the current price of $2,500 you would need $40 billion - if you could purchase that. Sure, some existing whales could be compromised or have bad intentions - which could lower the threshold. It would still cost more IMO compared with attacking Bitcoin.

The biggest issue for me with Bitcoin is the POW model does not fare well into the future. Miners have already been mining at a huge loss for months. Every 4 years it gets worse for miners. Difficulty is not adjusting to make mining profitable. 16-24 years from now it simply won't be economically feasible. Perhaps large stakeholders would be willing to secure BTC at a loss. But that means it becomes completely centralized.

https://en.macromicro.me/charts/29435/bitcoin-production-total-cost

Many large miners including MARA are opting to follow Saylor's strategy of buying Bitcoin instead of mining it at a loss. The problem is you need miners to secure the network and confirm transactions. This is a house of cards built on a shit foundation.

https://www.coindesk.com/business/2024/09/16/another-bitcoin-miner-adopts-microstrategys-playbook-of-buying-btc-in-open-market/

Another Bitcoin Miner Adopts MicroStrategy's Playbook of Buying BTC in Open Market
Cathedra Bitcoin will move away from mining business and will develop data centers instead.

It was Michael Saylor whose MicroStrategy championed large corporations buying bitcoin (BTC) on the open market. Then, surprisingly, one of the biggest bitcoin mining firms, Marathon Digital (MARA), adopted the same strategy. And now another miner is following the same path.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on September 25, 2024, 11:54:06 AM
Quote from: Flexacon on September 25, 2024, 03:32:36 AM
You are basically marking the low though for ETH/BTC and posting that people swap ETH for BTC when they should be doing exactly the opposite.
That's why I said that advice can be likened to:

Buy high and sell low!

(https://stevepomeranz.com/wp-content/uploads/2017/03/tsps_steve-pomeranz_buy-high-sell-low.jpg)

BTC has been gifted a high valuation and pumped by people like Trump who has no clue how it all works. He does not understand the mining profitability dilemma, caused by the halving cycles. BTC is overvalued compared to Ethereum. This happened before. ETH should really be 1/6 the value of BTC, if not more. I'll give BTC a nod for the first mover advantage.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on September 25, 2024, 11:57:47 AM
Quote from: gib on September 25, 2024, 06:53:18 AM
I have already explained it to you many times - go back and read my comments. (In summary, ETH IS a security). However, I cannot control the decisions of the SEC can I. Do I think the decision is wrong? Yes, I do, and the reasons for that will be proven to be the case in good time (which is of course also why, despite being now listed as an ETF, ETH continues to underperform. As I explained earlier, you can wrap a piece of shit in a nice wrapper, but underneath it all, its still a piece of shit, not matter how you disguise it, or what you call it..

Now go watch the clip I just posted about Coinbase and Eth...
If not for the Securities Act of 1933 you would not even be using that phrase. And it was developed in 1933, long before cryptocurrencies were developed.

Since you cannot control the SEC's decisions, you might as well stop referring to ETH as a security. You come across as a spoiled child tossing his toys in the sandbox.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on September 25, 2024, 12:02:40 PM
Quote from: gib on September 25, 2024, 09:02:11 AM
Well, all I can say is make your own decisions based on all information you have available. Ultimately, time will determine whether those decisions are the right ones or not. I believe you will learn a lesson...
The ETH / BTC ratio might worsen for a few more weeks. I anticipate that you'll be posting about it. I personally think the ETH / BTC ratio will eventually improve in the favor of ETH, as its done before. But time will tell - we'll see what happens. I won't be posting about this until / if we see a clear reversal trend.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on September 25, 2024, 10:33:00 PM
Quote from: obsidian on September 25, 2024, 12:02:40 PM
The ETH / BTC ratio might worsen for a few more weeks. I anticipate that you'll be posting about it. I personally think the ETH / BTC ratio will eventually improve in the favor of ETH, as its done before. But time will tell - we'll see what happens. I won't be posting about this until / if we see a clear reversal trend.

I know you are smart enough to recognize the trend of continued Eth decline to BTC. Not sure I'll post about it in a few weeks, but be assured I will revisit this in a year or so. We started this at around 0.,06. I posted at 0.055, and at 0.42. Time will tell...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on September 25, 2024, 10:40:54 PM
Quote from: obsidian on September 25, 2024, 11:57:47 AM
If not for the Securities Act of 1933 you would not even be using that phrase. And it was developed in 1933, long before cryptocurrencies were developed.

Since you cannot control the SEC's decisions, you might as well stop referring to ETH as a security. You come across as a spoiled child tossing his toys in the sandbox.

To some extent you are right - words are just words. If enough people call a banana an apple, it becomes known as an apple - but its qualities of course essentially remain the same.

Same concept with a business which issue "tokens" rather than "shares". If you own a share in a business, that is a security. Calling it a "token" does not fundamentally change what it is you own.

And that of course then leads into how you value a shitcoin (basically a tokenized share in a business). Almost all such shitcoins are vastly overvalued based on any fundamental analysis which you would apply to a business or "project" that such a share or token is associated with.

And then of course leads to the question as to what makes BTC different, and why is that also not as valueless as other shitcoins. The answer to that should of course be obvious to anyone who has read this entire thread from beginning to end, or who understands the fundamental purpose of the creation of Bitcoin.

The sad reality is that we cannot all make an infinite amount of money continuously issuing an infinite number of "alts" to BTC. If only it was that easy. As I have said many times before, lessons are continuously being learned. United with BTC as a defence against fiat devaluation we thrive - divided with shitcoinery we fall (well shitcoiners at least will fall). Anyone here dabbling in shitcoinery has been sufficiently warned...



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on September 26, 2024, 06:37:15 AM
Quote from: gib on September 25, 2024, 06:53:18 AM
I have already explained it to you many times - go back and read my comments. (In summary, ETH IS a security). However, I cannot control the decisions of the SEC can I. Do I think the decision is wrong? Yes, I do, and the reasons for that will be proven to be the case in good time (which is of course also why, despite being now listed as an ETF, ETH continues to underperform. As I explained earlier, you can wrap a piece of shit in a nice wrapper, but underneath it all, its still a piece of shit, not matter how you disguise it, or what you call it..

Now go watch the clip I just posted about Coinbase and Eth...

(https://i.makeagif.com/media/6-02-2018/OPY6Cn.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on September 26, 2024, 05:58:07 PM
ETH FUD everywhere. Slowly but surely they are building it out in the background.

Guggenheim Tokenizes First Digital Commercial Paper on Ethereum
The commercial paper, issued via Amp.Fi Digital, is the latest example of a tokenized real-world asset launched by a traditional finance giant.

https://decrypt.co/283351/guggenheim-tokenizes-commerical-paper-ethereum

Ethena debuts UStb stablecoin backed by BlackRock to complement USDe
Ethena Labs' new offering is projected as a complementary product to the synthetic USDe dollar.

https://cryptobriefing.com/ethena-labs-ustb-stablecoin/

Sony and Circle Partner to Bring USDC to New Ethereum Layer 2 Blockchain Soneium
Circle and Sony Block Solutions Labs announce a partnership to integrate bridged USDC on Sony's new Ethereum layer 2 blockchain

https://blockonomi.com/sony-and-circle-partner-to-bring-usdc-to-new-ethereum-layer-2-blockchain-soneium/

Visa unveils platform for banks to explore tokenized assets on Ethereum blockchain
Visa has launched its Tokenized Asset Platform (VTAP), aiming to provide financial institutions with tools to experiment with tokenized assets on blockchains.

https://www.msn.com/en-us/money/smallbusiness/visa-unveils-platform-for-banks-to-explore-tokenized-assets-on-ethereum-blockchain/ar-AA1rc6fz?ocid=BingNewsVerp

Google Cloud launches Ethereum-compatible blockchain RPC service
Google Cloud has launched a Blockchain Remote Procedure Call (RPC) service to make it easier for crypto developers to interact with blockchain data and bolster the reliability of decentralized applications (DApps).

https://www.msn.com/en-us/money/other/google-cloud-launches-ethereum-compatible-blockchain-rpc-service/ar-AA1qKM2c?ocid=BingNewsVerp

Ethereum Name Service Integrated with PayPal and Venmo for Crypto Transfers
On September 10, ENS Labs announced a new integration that will enable users of Venmo and PayPal to transfer cryptocurrency using Ethereum Name Service (ENS) names. This development is poised to expand the use of ENS names to over 270 million users in the United States.

https://www.msn.com/en-us/money/technology/ethereum-name-service-integrated-with-paypal-and-venmo-for-crypto-transfers/ar-AA1qHzZt?ocid=BingNewsVerp
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on September 26, 2024, 06:02:18 PM
Bitcoin Core Dev Aims to ‘Unite’ Bitcoin and Ethereum with Cross-Chain Tunnels
As recent cryptocurrency hacks highlight security vulnerabilities in cross-chain bridges, the community is exploring alternative methods to achieve interoperability. One project has introduced an innovative feature called “tunneling,” aimed at linking the two largest networks in the crypto space.

https://www.msn.com/en-us/news/technology/bitcoin-core-dev-aims-to-unite-bitcoin-and-ethereum-with-cross-chain-tunnels/ar-AA1r6c2z
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on September 27, 2024, 12:25:21 AM
I have explained it before. BTC drives the entire "crypto market". BTC gains, and then the infinite number of alts, memes, shitcoins, scam coins, NFTs, "crypto projects", etc fight over the scraps ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on September 27, 2024, 12:51:48 AM
Quote from: gib on September 25, 2024, 05:53:50 AM
Obsidan - this clip may interest you...



Any thoughts Obsidian?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on September 27, 2024, 08:10:56 AM
Keep stackin Satoshi’s!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on September 28, 2024, 02:52:18 PM
BlackRock’s spot Ethereum ETF surpasses $1 billion in value for the first time

Following the Federal Reserve's recent rate cut, the price of ether has outperformed that of bitcoin as futures traders hint at renewed optimism towards the world's second-largest cryptocurrency by market capitalization. Transaction fees have also recently surged amid a significant increase in blockchain activity.

https://www.theblock.co/post/318584/blackrocks-spot-ethereum-etf-surpasses-1-billion-in-value-for-the-first-time
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on September 29, 2024, 03:21:27 AM
Quote from: obsidian on September 25, 2024, 11:57:47 AM
If not for the Securities Act of 1933 you would not even be using that phrase. And it was developed in 1933, long before cryptocurrencies were developed.

Since you cannot control the SEC's decisions, you might as well stop referring to ETH as a security. You come across as a spoiled child tossing his toys in the sandbox.

Another shit coin admits its is an unregistered security...

https://www.coindesk.com/policy/2024/09/27/mango-markets-agrees-to-destroy-mngo-tokens-in-sec-settlement/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on September 29, 2024, 08:12:48 AM
Quote from: gib on September 29, 2024, 03:21:27 AM
Another shit coin admits its is an unregistered security...

https://www.coindesk.com/policy/2024/09/27/mango-markets-agrees-to-destroy-mngo-tokens-in-sec-settlement/

Did they?

"As part of the settlement, Mango DAO, Blockworks Foundation and Mango Labs are neither admitting nor denying the charges."

If you miss something as simple as this it's no wonder you've been wrong so often.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on September 29, 2024, 10:46:33 PM
Quote from: Flexacon on September 29, 2024, 08:12:48 AM
Did they?

"As part of the settlement, Mango DAO, Blockworks Foundation and Mango Labs are neither admitting nor denying the charges."

If you miss something as simple as this it's no wonder you've been wrong so often.

Oh what a predictable response. Why do you think the SEC went after them? It should be obvious:

https://www.sec.gov/securities-topics/crypto-assets

And why do you they agreed to destroyed their own tokens? And to forfeit some of their illegal gains to the SEC? Settling securities charges like this without formally admitting liability is a common approach in litigation of this type, especially if the other side has good lawyers. SEC got what it wanted (coins destroyed, message sent, assets forfeited, and will now move on to prosecuting the next shitcoin and its founders).

SEC has already taken on 100's of cryptos and their founders for breach of securities laws. You can see some of the concluded cases here...

https://www.sec.gov/securities-topics/crypto-assets

PS - speaking os shitcoins, how are all your favourites doing? (As I am sure you have learned now, or will eventually, Bitcoiners have been right all along - sometimes it takes time for a fool to realize how foolish they have been. In your case, if not already realized, you will in due course. Mark my words...)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on September 30, 2024, 12:44:37 AM
Quote from: gib on April 07, 2024, 10:21:42 AM
If moving from ponzi scam to ponzi scam is your thing, in the hope that you can ultimately keep successfully keep accumulating more BTC in that method, as opposed to just stacking and holding BTC, good luck to you. The vast majority of people who do this (other than those who keep launching new alts and shitcoins), fail. Every cycle they learn their lesson, and every new cycles there are still others who give it a try and think they can outperform an infinitely diluting pool of money in alts. Its basic game theory - new coins will be infinitely launched to take advantage of any alt demand. (That can't happen with BTC itself - which is why we say "there is no second best". ...

Again, you will see - lessons will be learned...

At its peak value to BTC, 1 ETH bought 0.14 BTC. That was back in June of 2017. Since then it has declined to now being 1 Eth being able to purchase just 0.05 BTC. A terrible performance, and a perfect example of how those looking to buy "alts" to gain over BTC, instead end up behind over time. And as I said earlier, I expect this will continue. Do you agree? (Or do you believe this trend will reverse?). Shall we revisit, say, end of this year?

Not even the end of year, but since this post, Eth fell a futher 20% to BTC...

Lessons learned I hope...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on September 30, 2024, 12:52:15 AM
Quote from: gib on September 29, 2024, 10:46:33 PM
Oh what a predictable response. Why do you think the SEC went after them? It should be obvious:

https://www.sec.gov/securities-topics/crypto-assets

And why do you they agreed to destroyed their own tokens? And to forfeit some of their illegal gains to the SEC? Settling securities charges like this without formally admitting liability is a common approach in litigation of this type, especially if the other side has good lawyers. SEC got what it wanted (coins destroyed, message sent, assets forfeited, and will now move on to prosecuting the next shitcoin and its founders).

SEC has already taken on 100's of cryptos and their founders for breach of securities laws. You can see some of the concluded cases here...

https://www.sec.gov/securities-topics/crypto-assets

PS - speaking os shitcoins, how are all your favourites doing? (As I am sure you have learned now, or will eventually, Bitcoiners have been right all along - sometimes it takes time for a fool to realize how foolish they have been. In your case, if not already realized, you will in due course. Mark my words...)

Remind me what happened when the SEC took ALTs who had the funds (XRP anyone?) and a desire to defend themselves. They fucking lost!

Mango was a small time operation and they decided they were better off settling.

You are grasping at straws and as fun as it is watching you dig yourself deeper into your hole, it's also getting kinda embarrassing.

 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on September 30, 2024, 12:59:46 AM
Quote from: gib on September 30, 2024, 12:44:37 AM
Not even the end of year, but since this post, Eth fell a futher 20% to BTC...

Lessons learned I hope...

More grasping from you and embarrassment..

Already responded to that post

I said I don't hold ETH and to wait for the cycle high to be in which is most likely some point next year. Are you that desperate for a win that you're posting it now?

Quote from: Flexacon on April 08, 2024, 10:29:19 AM
I haven't held ETH for a long time, at least not in the expectation of seeing profit from it, but I have used it to provide liquidity and stake for airdrops and points. With hindsight I wish I had done more of this as it was the easiest and lowest risk money to be made in the space.

I don't really care what BTC, ETH, or any other ALT were doing in 2017, because every cycle different. The trends in every cycle is different. I prefer to adjust to each cycle and even front run the trends if I can, so lets say this.

Even with my pessimistic/bearish bias on ETH price on it's own I still expect it to match if not better bitcoin price action from their 2022 cycles low to their next cycle highs. Are you willing to revisit this?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on September 30, 2024, 01:59:26 AM
Quote from: Flexacon on September 30, 2024, 12:52:15 AM
Remind me what happened when the SEC took ALTs who had the funds (XRP anyone?) and a desire to defend themselves. They fucking lost!

Mango was a small time operation and they decided they were better off settling.

You are grasping at straws and as fun as it is watching you dig yourself deeper into your hole, it's also getting kinda embarrassing.


XRP - lol! Don't tell me you are still one of those XRP believers? XRP peaked at $3.11 and has been on a downward decline ever since (as is the long term trend of the vast majority of shitcoins over time). Today XRP is 0.65... At some time you need need to lick your wounds and move on. SEC meanwhile will continue to pursue Ripple, but either way, the market over time sniffs out scams and shams in any shitcoin - they can only be pumped for so long before the average shit coiner moves on to another freshly pooed shitcoin (of which there can be an infinite amount).

SEC has already taken on 100's of cryptos and their founders for breach of securities laws. You can see some of the concluded cases here...

https://www.sec.gov/securities-topics/crypto-assets

PS - how are all your various shitcoins doing? If you are doing well as a buyer of such coins (as opposed to being the issuer), then you are one of the rare few who are making money with shitcoinery (or either extremely lucky or self-delusional). Remember, such coins are created to scam you from your money - the buyers are the losers, and the founders who take your money for these useless "tokens" are the winners in that game...

Meanwhile, the smart money stacks and chills. BTC is now up over 1000% since this thread started...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on September 30, 2024, 03:10:20 AM
Quote from: gib on September 30, 2024, 01:59:26 AM
XRP - lol! Don't tell me you are still one of those XRP believers? XRP peaked at $3.11 and has been on a downward decline ever since (as is the long term trend of the vast majority of shitcoins over time). Today XRP is 0.65... At some time you need need to lick your wounds and move on. SEC meanwhile will continue to pursue Ripple, but either way, the market over time sniffs out scams and shams in any shitcoin - they can only be pumped for so long before the average shit coiner moves on to another freshly pooed shitcoin (of which there can be an infinite amount).

SEC has already taken on 100's of cryptos and their founders for breach of securities laws. You can see some of the concluded cases here...

https://www.sec.gov/securities-topics/crypto-assets

PS - how are all your various shitcoins doing? If you are doing well as a buyer of such coins (as opposed to being the issuer), then you are one of the rare few who are making money with shitcoinery (or either extremely lucky or self-delusional). Remember, such coins are created to scam you from your money - the buyers are the losers, and the founders who take your money for these useless "tokens" are the winners in that game...

Meanwhile, the smart money stacks and chills. BTC is now up over 1000% since this thread started...
Only 1000%?  ;D

ETH is up 223,124% since this thread started.

223,124 / 1000 = 223.12 X

If ETH reclaims $4,800 and beyond it will be up close to 500,000% since 2015.

BNB is the one that really impressed me since 2017. It has been resilient, reached an ATH in 2024 like BTC, and has not been too volatile considering all the FUD Binance and CZ had to deal with. It's actually amazing that it held it all together. I hope it keeps staying the course. I have a few BNB tokens.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on September 30, 2024, 04:28:41 AM
Quote from: gib on September 30, 2024, 01:59:26 AM
XRP - lol! Don't tell me you are still one of those XRP believers? XRP peaked at $3.11 and has been on a downward decline ever since (as is the long term trend of the vast majority of shitcoins over time). Today XRP is 0.65... At some time you need need to lick your wounds and move on. SEC meanwhile will continue to pursue Ripple, but either way, the market over time sniffs out scams and shams in any shitcoin - they can only be pumped for so long before the average shit coiner moves on to another freshly pooed shitcoin (of which there can be an infinite amount).

SEC has already taken on 100's of cryptos and their founders for breach of securities laws. You can see some of the concluded cases here...

https://www.sec.gov/securities-topics/crypto-assets

PS - how are all your various shitcoins doing? If you are doing well as a buyer of such coins (as opposed to being the issuer), then you are one of the rare few who are making money with shitcoinery (or either extremely lucky or self-delusional). Remember, such coins are created to scam you from your money - the buyers are the losers, and the founders who take your money for these useless "tokens" are the winners in that game...

Meanwhile, the smart money stacks and chills. BTC is now up over 1000% since this thread started...

I mention XRP as an example of a case the SEC  lost and now I'm an XRP believer. LMAO bro you are really reaching and coping hard here.

I've already done my big victory laps in this thread on the big multiples I printed on my bags earlier on in year. Don't wanna cause you an aneurysm by posting them and I'm not bothered about going to look for them, but feel free to go digging. It's all in there from around November 2023
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on September 30, 2024, 05:02:52 AM
Quote from: Flexacon on September 30, 2024, 04:28:41 AM
I mention XRP as an example of a case the SEC  lost and now I'm an XRP believer. LMAO bro you are really reaching and coping hard here.

I've already done my big victory laps in this thread on the big multiples I printed on my bags earlier on in year. Don't wanna cause you an aneurysm by posting them and I'm not bothered about going to look for them, but feel free to go digging. It's all in there from around November 2023

I have looked at many of your shitcoin posts from the past - almost all are down from the time you mentioned them. And you know it. Again, you will learn your lesson (if not learned already...)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on September 30, 2024, 09:18:01 AM
Quote from: gib on September 30, 2024, 05:02:52 AM
I have looked at many of your shitcoin posts from the past - almost all are down from the time you mentioned them. And you know it. Again, you will learn your lesson (if not learned already...)

This is getting really sad bro. More desperation from you trying to reshape things to your own narrative.

Maybe you should also look when I said sold cos those posts are there too.

Your attempt to deflect and move away from this post rather than admit how you were completely wrong is proving really entertaining though, so please continue.

Quote from: Flexacon on September 25, 2024, 06:17:00 AM

Tell me again about how all ALTs are going to banned by the SEC

Tell me again how Wall St cronies would never allow an ETH ETF as they chose BTC as their winner.

Tell me again how you're a securities law expert by profession and how ETH would be declared a security.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on September 30, 2024, 11:12:18 AM
Quote from: Flexacon on September 30, 2024, 09:18:01 AM
This is getting really sad bro. More desperation from you trying to reshape things to your own narrative.

Maybe you should also look when I said sold cos those posts are there too.

Your attempt to deflect and move away from this post rather than admit how you were completely wrong is proving really entertaining though, so please continue.

Narrative is clear. Btc will rise over time. Shitcoins will decline to zero over time.

I have explained this, and the concept of what a security is to you numerous time now.

As the SEC themselves said in the recent action against Coinbase in the Federal Appeals Ct last week (where Coinbase was once again arguing that the SEC should provide more clarity around what cryptos other than BTC are not a security or provide a new framework to accommodate shitcoin trading):

"If Coinbase wants to arrange its business in a way that does not comply within the existing regulatory framework, that does not establish a right to have the framework adapted to meet their business".

Should be common sense really. You can be assured that me, and the SEC, know a little more about US securities laws that you do...

As for your various alt predictions and failures/losses, if you know yourself how poorly you have done. We have all the dates of your posts, and the prices as of today. In short you lost big time. Many of those here learned their shitcoinery lesson last cycle (and some even the cycle before that). You have not learned yours yet, but I suspect you are starting to, even though you won't publicly admit it. You are going through kind of an anger/denial phase, which is quite normal. (Angry at me for being repeatedly correct all along, or denying that this really could be the case). But you will at some point reach an understanding and acceptance of reality...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on September 30, 2024, 11:21:25 AM
Quote from: gib on September 30, 2024, 11:12:18 AM
Narrative is clear. Btc will rise over time.

(https://media.tenor.com/images/25eba48a338d64e17edc99f88f0482bf/tenor.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on September 30, 2024, 11:39:48 AM
Time. It's quite a concept...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on September 30, 2024, 11:51:09 AM
Quote from: gib on September 30, 2024, 11:12:18 AM
Narrative is clear. Btc will rise over time. Shitcoins will decline to zero over time.

I have explained this, and the concept of what a security is to you numerous time now.

As the SEC themselves said in the recent action against Coinbase in the Federal Appeals Ct last week (where Coinbase was once again arguing that the SEC should provide more clarity around what cryptos other than BTC are not a security or provide a new framework to accommodate shitcoin trading):

"If Coinbase wants to arrange its business in a way that does not comply within the existing regulatory framework, that does not establish a right to have the framework adapted to meet their business".

Should be common sense really. You can be assured that me, and the SEC, know a little more about US securities laws that you do...

As for your various alt predictions and failures/losses, if you know yourself how poorly you have done. We have all the dates of your posts, and the prices as of today. In short you lost big time. Many of those here learned their shitcoinery lesson last cycle (and some even the cycle before that). You have not learned yours yet, but I suspect you are starting to, even though you won't publicly admit it. You are going through kind of an anger/denial phase, which is quite normal. (Angry at me for being repeatedly correct all along, or denying that this really could be the case). But you will at some point reach an understanding and acceptance of reality...

Now we are getting essays from you to try deflect from the fact that you were wrong on all this. HILARIOUS!

Quote from: Flexacon on September 25, 2024, 06:17:00 AM
Nice meltdown

Tell me again about how all ALTs are going to banned by the SEC

Tell me again how Wall St cronies would never allow an ETH ETF as they chose BTC as their winner.

Tell me again how you're a securities law expert by profession and how ETH would be declared a security.

My brother you should do the honourable thing and commit Seppuku or at least find a new profession.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on September 30, 2024, 11:56:41 AM
Quote from: gib on September 30, 2024, 11:39:48 AM
Time. It's quite a concept...

(https://img.freepik.com/premium-photo/lonely-skeleton-lonely-skeleton-relax-park-bench_124507-142021.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on September 30, 2024, 12:41:17 PM
Lol you fool. I only have so much time to help you Flex. You can lead a shitcoiner to BTC, but sometimes you just can't make them understand how money works. I will try one more time (and thereafter please just go back and read all I have written and stop confusing yourself).

Tell me again about how all ALTs are going to banned by the SEC. Any unregistered security is per se "banned". This is the law as it already exists today. You also are confused on this topic by the way, The SEC does not make the law - rather it simply enforces it.

Tell me again how Wall St cronies would never allow an ETH ETF as they chose BTC as their winner. Wall St clearly has chosen a winner. Just simply look at how BTC is being adopted and how it has performed against ETH, especially as the core distinctions between them became increasingly apparent. Wall St investors are not buying ETH. They are buying BTC.

Also, again you are confused here. Wall St does not choose what and what does not become suitable for an ETF. This is for the SEC to approve. Oh, and by the way, not one of your shitcoins is traded as an ETF, but even if it was, as I have explained before, if you wrap up shit in a nice package, it still does not change the fact that its shit. The market shows this to us perfectly with Eth, and mark my words, it would be even worse with any less credible shit coin.

Tell me again how you're a securities law expert by profession and how ETH would be declared a security. Correct you could consider me an expert in this area, (and also well connected to others who are) although it is not my profession. No one can predict the future with certainty, but you are correct I did not expect Eth would be accepted for an ETF in the US, nor do I think it should be. I have explained this to you many times now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on September 30, 2024, 12:52:42 PM
Quote from: gib on September 30, 2024, 12:41:17 PM
Lol you fool. I only have so much time to help you Flex. You can lead a shitcoiner to BTC, but sometimes you just can't make them understand how money works. I will try one more time (and thereafter please just go back and read all I have written and stop confusing yourself).

Tell me again about how all ALTs are going to banned by the SEC. Any unregistered security is per se "banned". This is the law as it already exists today. You also are confused on this topic by the way, The SEC does not make the law - rather it simply enforces it.

Tell me again how Wall St cronies would never allow an ETH ETF as they chose BTC as their winner. Wall St clearly has chosen a winner. Just simply look at how BTC is being adopted and how it has performed against ETH, especially as the core distinctions between them became increasingly apparent. Wall St investors are not buying ETH. They are buying BTC.

Also, again you are confused here. Wall St does not choose what and what does not become suitable for an ETF. This is for the SEC to approve. Oh, and by the way, not one of your shitcoins is traded as an ETF, but even if it was, as I have explained before, if you wrap up shit in a nice package, it still does not change the fact that its shit. The market shows this to us perfectly with Eth, and mark my words, it would be even worse with any less credible shit coin.

Tell me again how you're a securities law expert by profession and how ETH would be declared a security. Correct you could consider me an expert in this area, (and also well connected to others who are) although it is not my profession. No one can predict the future with certainty, but you are correct I did not expect Eth would be accepted for an ETF in the US, nor do I think it should be. I have explained this to you many times now.
We're in a marathon, not a 60-yard dash. Let's just wait a year or a few. You can have your victory lap if things remain the same in 2-10 years. We're in this for the long term - correct?  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on September 30, 2024, 01:43:06 PM
Quote from: gib on September 30, 2024, 12:41:17 PM
Lol you fool. I only have so much time to help you Flex. You can lead a shitcoiner to BTC, but sometimes you just can't make them understand how money works. I will try one more time (and thereafter please just go back and read all I have written and stop confusing yourself).

Tell me again about how all ALTs are going to banned by the SEC. Any unregistered security is per se "banned". This is the law as it already exists today. You also are confused on this topic by the way, The SEC does not make the law - rather it simply enforces it.

Tell me again how Wall St cronies would never allow an ETH ETF as they chose BTC as their winner. Wall St clearly has chosen a winner. Just simply look at how BTC is being adopted and how it has performed against ETH, especially as the core distinctions between them became increasingly apparent. Wall St investors are not buying ETH. They are buying BTC.

Also, again you are confused here. Wall St does not choose what and what does not become suitable for an ETF. This is for the SEC to approve. Oh, and by the way, not one of your shitcoins is traded as an ETF, but even if it was, as I have explained before, if you wrap up shit in a nice package, it still does not change the fact that its shit. The market shows this to us perfectly with Eth, and mark my words, it would be even worse with any less credible shit coin.

Tell me again how you're a securities law expert by profession and how ETH would be declared a security. Correct you could consider me an expert in this area, (and also well connected to others who are) although it is not my profession. No one can predict the future with certainty, but you are correct I did not expect Eth would be accepted for an ETF in the US, nor do I think it should be. I have explained this to you many times now.

No amount of obfuscation is gonna change one simple fact. Your takes were dead WRONG

Mr Inverse Indicator, I'll post it in big letters so you understand. You were WRONG

Incorrect, mistaken, in error, erroneous, inaccurate, not accurate, inexact, not exact, imprecise, invalid, untrue, false, fallacious,wide of the mark, off target.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on September 30, 2024, 02:03:33 PM
He’s not not wrong?


Keep stackin satoshis!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on September 30, 2024, 03:20:01 PM
Quote from: loco on September 30, 2024, 11:21:25 AM
(https://media.tenor.com/images/25eba48a338d64e17edc99f88f0482bf/tenor.gif)



:D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 01, 2024, 01:21:23 AM
Quote from: gib on September 30, 2024, 11:39:48 AM
Time. It's quite a concept...

Indeed…..

At some point, the short term matters.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 01, 2024, 02:21:12 AM
Quote from: Flexacon on September 30, 2024, 01:43:06 PM
No amount of obfuscation is gonna change one simple fact. Your takes were dead WRONG

Mr Inverse Indicator, I'll post it in big letters so you understand. You were WRONG

Incorrect, mistaken, in error, erroneous, inaccurate, not accurate, inexact, not exact, imprecise, invalid, untrue, false, fallacious,wide of the mark, off target.

Someone its upset about his decision to dabble in alts as opposed to just buying / hodling BTC... These are the phases of acceptance - anger, denial, negotiation, grief, acceptance. He is still in the early stages of his journey, but he will get there...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 01, 2024, 02:22:32 AM
Quote from: SouJerz on September 30, 2024, 02:03:33 PM
He’s not not wrong?


Keep stackin satoshis!!!

Amen! Indeed, anyone who has done so consistently for any reasonable period of time has done well, and will do continue to do so.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 01, 2024, 02:24:04 AM
Quote from: obsidian on September 30, 2024, 12:52:42 PM
We're in a marathon, not a 60-yard dash. Let's just wait a year or a few. You can have your victory lap if things remain the same in 2-10 years. We're in this for the long term - correct?  ;D

Indeed! Correct!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 01, 2024, 02:26:35 AM
Quote from: Mayday on October 01, 2024, 01:21:23 AM
Indeed…..

At some point, the short term matters.

Ha ha - true - all a matter of perspective. If you are measuring your investment performance in hours, minutes, weeks etc, it is quite different to measuring in months, years and decades...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 01, 2024, 02:54:07 AM
Quote from: gib on October 01, 2024, 02:21:12 AM
Someone its upset about his decision to dabble in alts as opposed to just buying / hodling BTC... These are the phases of acceptance - anger, denial, negotiation, grief, acceptance. He is still in the early stages of his journey, but he will get there...

Another sad and pathetic attempt from you trying to change the subject rather than admit you were dead WRONG

Incorrect, mistaken, in error, erroneous, inaccurate, not accurate, inexact, not exact, imprecise, invalid, untrue, false, fallacious,wide of the mark, off target.

Listen to your own advice... These are the phases of acceptance - anger, denial, negotiation, grief, acceptance.

We already had anger, now you are in denial
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 01, 2024, 05:01:28 AM
Quote from: gib on October 01, 2024, 02:26:35 AM
Ha ha - true - all a matter of perspective. If you are measuring your investment performance in hours, minutes, weeks etc, it is quite different to measuring in months, years and decades...

Well that was a 2 decade downturn so every timeframe got wrecked.

Once money rotates it’s all over red rover. Time it wrong and we can end up holding the bag for an awefully long time :(
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 01, 2024, 06:58:47 AM
Quote from: Mayday on October 01, 2024, 05:01:28 AM
Well that was a 2 decade downturn so every timeframe got wrecked.

Once money rotates it’s all over red rover. Time it wrong and we can end up holding the bag for an awefully long time :(

All the more important to choose the right asset to invest in. With BTC, every single person who has simply DCA'd for a 4 year period has made good money (measured USD), so my advice to all the short-term minded "investors" is simply to stack and chill. Same with all my stock investments - 95% or so I buy with a view to long term hold, and perhaps 5% with a shorter time frame in mind.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on October 01, 2024, 07:16:40 AM
So, please correct.

-Next crypto market bullrun begin date:
-Next crypto market bullrun end date:
-Next crypto market bullrun peak date:
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 01, 2024, 09:42:04 AM
Quote from: French on October 01, 2024, 07:16:40 AM
So, please correct.

-Next crypto market bullrun begin date:
-Next crypto market bullrun end date:
-Next crypto market bullrun peak date:

People can guess, but no-one know for sure. They great thing is, you don't need to know. All you need to do is to keep buying and hodling. It's that simple...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 04, 2024, 12:35:06 AM
Well, Eth has had another downward week against BTC, this time down 3.8% to BTC over the week, and hitting a new 3 year low to BTC of .039 BTC to 1 Eth.

7.92% down over the month.
20.16% down over last 6 months.
34.45% down over last year....

Of course I wished it could be so easy that every alt coin buyer makes money, but it is not that easy. The reality is that there is a finite amount of wealth in the world, and yet an infinite number of alts which can be created. So, we really need to think this through to its logical conclusions. United (with Bitcoin) we thrive, divided (with shitcoins), we fall. Think about it my fellow GetBiggers, Bitcoiners, and Shitcoiners.

On a different note, is anyone investing into China stocks? Hell of a rally underway...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 04, 2024, 01:37:39 AM
Quote from: Flexacon on September 25, 2024, 03:32:36 AM

There may be one more low for ETH/BTC but it won't last long. You are basically marking the low though for ETH/BTC and posting that people swap ETH for BTC when they should be doing exactly the opposite.


Well, Flex, you were right about the first part of your prediction "There may be one more low for ETH/BTC...". So well done on that at least because ETH did indeed hit yet another low after you posted this.

Whether the remainder of what you wrote will be right remains to be seen. Time will tell...

In my view, it would take a brave man to sell BTC and instead buy ETH right now. If that is your view go ahead - I dare you...

As for buying shitcoins right now, I wouldn't even call that brave - just naive, pigheaded, obstinate, foolish, misguided, and stupid...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 04, 2024, 03:34:01 AM
Quote from: gib on October 04, 2024, 01:37:39 AM
Well, Flex, you were right about the first part of your prediction "There may be one more low for ETH/BTC...". So well done on that at least because ETH did indeed hit yet another low after you posted this.

Whether the remainder of what you wrote will be right remains to be seen. Time will tell...

In my view, it would take a brave man to sell BTC and instead buy ETH right now. If that is your view go ahead - I dare you...

As for buying shitcoins right now, I wouldn't even call that brave - just naive, pigheaded, obstinate, foolish, misguided, and stupid...

By this "There may be one more low for ETH/BTC..." I meant more of a serious low.

Structurally there is a possibility for BTC to drop to low 40,000s and ETH would drop to 1,300. That would be the type of ETH/BTC low which I would call the bottom.

ETH/BTC is currently 0.039 so I can see it going as low as 0.03, but swapping BTC for ETH anywhere between 0.03 and 0.04 will give you better returns by late 2025.

As for shitcoins, well I'm partnered up with a doxxed US registered company with their own blockchain and I have access to plenty of insider information regarding shit coin deals if I wanted to use it..

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 04, 2024, 03:53:08 AM
Quote from: Flexacon on October 04, 2024, 03:34:01 AM
By this "There may be one more low for ETH/BTC..." I meant more of a serious low.

Structurally there is a possibility for BTC to drop to low 40,000s and ETH would drop to 1,300. That would be the type of ETH/BTC low which I would call the bottom.

ETH/BTC is currently 0.039 so I can see it going as low as 0.03, but swapping BTC for ETH anywhere between 0.03 and 0.04 will give you better returns by late 2025.

As for shitcoins, well I'm partnered up with a doxxed US registered company with their own blockchain and I have access to plenty of insider information regarding shit coin deals if I wanted to use it..

Hmm - well being 35% down to BTC iin just the last year, for a coin many expected to outperform BTC this cycle is in may view a pretty serious low. Dropping another 25%-30% to BTC would be terribly disappointing for any ETH holder, but I also expect this will happen over time, if not in this cycle, then definitely during the course of our next one.

As for your comments on access to insider info, anyone considering doing this should be very careful. If you are in the US, this is indeed the stuff the SEC love going after. Personally, I would never trade on inside info, because despite being very profitable, the risks are not worth it (even though I am not in the US). (But well noted, you are not saying you would use such info - just that you have access to it).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 04, 2024, 04:35:44 AM
Quote from: gib on October 04, 2024, 03:53:08 AM
Hmm - well being 35% down to BTC iin just the last year, for a coin many expected to outperform BTC this cycle is in may view a pretty serious low. Dropping another 25%-30% to BTC would be terribly disappointing for any ETH holder, but I also expect this will happen over time, if not in this cycle, then definitely during the course of our next one.

As for your comments on access to insider info, anyone considering doing this should be very careful. If you are in the US, this is indeed the stuff the SEC love going after. Personally, I would never trade on inside info, because despite being very profitable, the risks are not worth it (even though I am not in the US). (But well noted, you are not saying you would use such info - just that you have access to it).
I posted on September 25, 2024 that the ETH / BTC ratio might worsen for a few more weeks. I also anticipated that you would post about it - every day if needed. See quote below.

Quote from: obsidian on September 25, 2024, 12:02:40 PM
The ETH / BTC ratio might worsen for a few more weeks. I anticipate that you'll be posting about it. I personally think the ETH / BTC ratio will eventually improve in the favor of ETH, as its done before. But time will tell - we'll see what happens. I won't be posting about this until / if we see a clear reversal trend.
Are you trying to convince ETH holders to convert to BTC when ETH has retraced this much? That would be foolish, especially for those that have to pay capital gains taxes.

I am not really impressed with Bitcoin as a blockchain. It's fundamentals sucks when you consider the economical viability of mining is a dead end. It currently costs $74,000 to mine 1 BTC. But to buy it costs $61,000. That's a $13,000 difference! Why would anyone mine BTC for months at a time when you're better off buying it?!

The Ethereum fundamentals are much better. It dominates DEFI and the stablecoin sector, the inflation has come down again. It's under 0.5% which is lower than Bitcoin's current 0.83%. And ETH stakers don't face the problem Bitcoin miners face.

I told you let's wait 2-10 years. We'll see then how Bitcoin faired compared to ETH.

Look at the historical ETH / BTC ratios. In 2017 it was a lot lower than it is now and look how it gained ground against BTC.

Investors are uncertain about the regulatory issues DEFI might face after the US election. I personal think the US will matter less and less as time goes on. The US is headed for bankruptcy. So that has a dampening effect on smart contract chains like Ethereum, Solana, etc.

Bitcoin mining - already facing profitability issues, will have even bigger problems if the cost of energy goes through the roof due to the Iran / Israel tensions.

https://www.coindesk.com/markets/2024/10/01/bitcoin-mining-profitability-fell-for-third-straight-month-in-september-jpmorgan/

Bitcoin Mining Profitability Fell for Third Straight Month in September: JPMorgan
Daily block reward gross profit fell to the lowest "on recent record" last month, the report said.

- Daily mining revenue and gross profit fell for a third consecutive month in September, the report said.
- The bank noted that the network hashrate rose 2% from August.
- Daily block reward gross profit fell to the lowest "on recent record" in September, the bank said.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 04, 2024, 07:57:45 PM
So what do you think will happen to BTC price if the ME escalates slightly?

Then what do you thi k happens to BTC price if WWIII breaks out?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 07, 2024, 01:46:44 AM
Good news - another country tax exempt for BTC. (Also possibly covers certain type of alts).

https://beincrypto.com/uae-new-tax-exemption-crypto-boom/

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 07, 2024, 09:06:02 AM
Quote from: gib on October 07, 2024, 01:46:44 AM
Good news - another country tax exempt for BTC. (Also possibly covers certain type of alts).

https://beincrypto.com/uae-new-tax-exemption-crypto-boom/

It's been capital gains tax exempt forever. Loads of crypto folks spend time out in Dubai to meet capital gains tax exemptions and then go home.

Transactions/payments in crypto are now gonna be tax exempt too.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on October 07, 2024, 01:11:12 PM
Are you all-in in Kaspa or do you wait the
end of the conflict to do it ?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 08, 2024, 05:04:16 PM
So many plebs believe war is bullish 😂

We are pre-war……

Want to know what war is bullish for? The US debt payback 😉 

Only 4 weeks left until we know whether there will be a climate lockdown due to a nuclear war or not.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 10, 2024, 02:15:31 PM
Quote from: Mayday on October 08, 2024, 05:04:16 PM
So many plebs believe war is bullish 😂

We are pre-war……

Want to know what war is bullish for? The US debt payback 😉 

Only 4 weeks left until we know whether there will be a climate lockdown due to a nuclear war or not.
Looks like its Rektober, not Uptober  :o ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on October 11, 2024, 12:11:28 PM
Why is $MSTR at an all time high and Bitcoin isn’t really close to its all time high?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 11, 2024, 06:41:52 PM
Quote from: SouJerz on October 11, 2024, 12:11:28 PM
Why is $MSTR at an all time high and Bitcoin isn’t really close to its all time high?

They are pursuing becoming a bitcoin bank. It popped up on my tradfi timeline that doesn't include any crypto stuff so I guess it's pretty big news.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 11, 2024, 11:37:40 PM
A few quick comments.

Re MSTR, remember MayDay's predictions of doom and gloom when I mentioned that MSTR was on of my biggest stock buys during the initial covid sell-off where I loaded up on stocks? That one ended with "well time will tell". And indeed, time has told...

As to how MSTR correlates to BTC, due to its borrowings, it is a leveraged play on BTC, and so has more on the upside (and on the downside potentially). Also, due to its borrowings, it has bond-like features, so again its price can be amplified on top of any marco news which impacts interest rate expectations.

As for ambitions of a Bitcoin bank, yes, that also drove price - and note, its not a "Doge", or "Dog Wif Hat", or "Etherium" bank, Its Bitcoin! And Bitcoin only.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 12, 2024, 03:54:39 AM
Quote from: gib on October 11, 2024, 11:37:40 PM
A few quick comments.

Re MSTR, remember MayDay's predictions of doom and gloom when I mentioned that MSTR was on of my biggest stock buys during the initial sell-off? That one ended with "well time will tell". And indeed, time has told.

As to how MSTR correlates to BTC, due to its borrowings, it is a leveraged play on BTC, and so has more on the upside (and on the downside potentially). Also, due to its borrowings, it has bond-like features, so again its price can be amplified on top of any marco news which impacts interest rate expectations.

As for ambitions of a Bitcoin bank, yes, that also drove price - and note, its not a "Doge", or "Dog Wif Hat", or "Etherium" bank, Its Bitcoin! And Bitcoin only.

Yes, time will tell. They survived 2022.

S&P well above ATH
Gold well above ATH
Property well above ATH

Anyone who bought those in 2021 are in a very nice profitable position.

Bitcoin if you bought near peak in 2021 you are underwater…….but nobody wants to talk about that 😀

I have my timings and prices, all easy for me. I’ve been long the S&P for ages while Everyone said crash or sideways. What will be interesting is if the S&P outperforms BTC from the 2021 peak 👀
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 12, 2024, 04:11:52 AM
Quote from: Mayday on October 12, 2024, 03:54:39 AM

Bitcoin if you bought near peak in 2021 you are underwater…….but nobody wants to talk about that 😀


I am happy to talk about it, and indeed, as I have said before, a person would have had to be either an absolute moron, or incredibly unlucky, to make their entire BTC investment at the exact top of the last cycle. But even if you did, if you just hodl, you will be fine with time, just like anyone who bought the peak in any prior BTC cycle. What we should all be doing, and should have been doing in the past, is just DCAing into BTC and Hodling all the way from below 5k when this thread started. Not hard to do.

On a related note, for those interested i MSTR, here is a great which takes the view that MSTR may become the ultimate short squeeze...

i=23joSYDMh5sHuKmn

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on October 12, 2024, 08:42:02 AM
Quote from: gib on October 11, 2024, 11:37:40 PM
A few quick comments.

Re MSTR, remember MayDay's predictions of doom and gloom when I mentioned that MSTR was on of my biggest stock buys during the initial covid sell-off where I loaded up on stocks? That one ended with "well time will tell". And indeed, time has told...

As to how MSTR correlates to BTC, due to its borrowings, it is a leveraged play on BTC, and so has more on the upside (and on the downside potentially). Also, due to its borrowings, it has bond-like features, so again its price can be amplified on top of any marco news which impacts interest rate expectations.

As for ambitions of a Bitcoin bank, yes, that also drove price - and note, its not a "Doge", or "Dog Wif Hat", or "Etherium" bank, Its Bitcoin! And Bitcoin only.

I think Mayday wanted to say “Inside you are two wolves one is wrong and the other is wrong too”

But thanks for the explanation Gib and the advice to scoop up MSTR I have a couple shares myself.  Back to those two wrong wolves though.  Enjoy your day folks!   ANDREW JACKED FOR MR. O!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 12, 2024, 02:40:34 PM
Quote from: gib on October 12, 2024, 04:11:52 AM
I am happy to talk about it, and indeed, as I have said before, a person would have had to be either an absolute moron, or incredibly unlucky, to make their entire BTC investment at the exact top of the last cycle. But even if you did, if you just hodl, you will be fine with time, just like anyone who bought the peak in any prior BTC cycle. What we should all be doing, and should have been doing in the past, is just DCAing into BTC and Hodling all the way from below 5k when this thread started. Not hard to do.

On a related note, for those interested i MSTR, here is a great which takes the view that MSTR may become the ultimate short squeeze...

i=23joSYDMh5sHuKmn

It’s an inconvenient truth to which retail’s only response is ‘just HoDL and it’ll be fine’. The masses in 2021 were told to DCA and HOdL. It’s now 4yrs later and price is underwater. Why, When other classes are well into ATH territory?

Nobody bothers to ask why Bitcoin is suddenly behind. This was the fastest growing class and after a decade of waiting for ETFs, it’s underwater from its peak 4yrs ago. The response is always the same, just ignore it and it’ll be fine 🤔

It still remains 17.5k to 76k then bearish as the best call out there. 3yrs of track history, pretty good. Meanwhile I’ve been long the S&P for ages when everyone said crash or sideways. Again, pretty damn good and to get both right where they conflict is one of the best calls out there.

I know the roadmap ahead, the timing and I see what structurally changed. It’s all going according to plan so I dunno what to say 🤷

MSTR you don’t short until the proper bear market.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 14, 2024, 03:13:11 AM
Quote from: Mayday on October 12, 2024, 02:40:34 PM
It’s an inconvenient truth to which retail’s only response is ‘just HoDL and it’ll be fine’. The masses in 2021 were told to DCA and HOdL. It’s now 4yrs later and price is underwater. Why, When other classes are well into ATH territory?

Nobody bothers to ask why Bitcoin is suddenly behind. This was the fastest growing class and after a decade of waiting for ETFs, it’s underwater from its peak 4yrs ago. The response is always the same, just ignore it and it’ll be fine 🤔

It still remains 17.5k to 76k then bearish as the best call out there. 3yrs of track history, pretty good. Meanwhile I’ve been long the S&P for ages when everyone said crash or sideways. Again, pretty damn good and to get both right where they conflict is one of the best calls out there.

I know the roadmap ahead, the timing and I see what structurally changed. It’s all going according to plan so I dunno what to say 🤷

MSTR you don’t short until the proper bear market.

A few comments. With regard to your comments on the S&P, MSTR has massively outperformed the S&P, and I think each and every single S&P stock. That is quite something.

Buying BTC at any time is a good time, as BTC will rise for ever against fiat. (Of course, if you don't believe that, then that's a whole new discussion).

I have explained many times, I believe the vast majority of people are kidding themselves if they believe they can successfully time the markets, especially consistently long term. If we could, we would all be infinitely wealth, but of course we can't, much we we think we can. There is only a finite amount of wealth, and for every short term winning trade, there has to be a loser.

if you were told to invest all your money into BTC at a time of its last peak, you were either incredibly unlucky, and/or foolish for following such advice. Just DCA in over time, zoom out, and chill...

Anyone who started DCAing at the exact last peak of BTC will be way up now.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 14, 2024, 03:14:58 AM
How did Eth lose its way? Great article here, but essentially they tried to be a jack of all trades and ended of becoming a master of none, losing the store of money narrative to Bitcoin, and the faster throughput to Solana and others...

https://www.coindesk.com/opinion/2024/10/11/has-ethereum-lost-its-way/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 14, 2024, 06:12:35 AM
On a related note, total hash rate of BTC is close to to a record high ever. And indeed, even some top miners are deciding not just to hodl BTC they have mined, but indeed also to further buy BTC with any cash that have.

We can see that the BTC mining cost has closely correlated to the BTC price over time- see for example here: https://en.macromicro.me/charts/29435/bitcoin-production-total-cost

Right now the market price of a coin is a touch below the cost to mine it, so this will both drive mining efficiency, but also bodes well for price rising over time to match or exceed the cost of production.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 14, 2024, 10:55:25 AM
Quote from: gib on October 14, 2024, 06:12:35 AM
On a related note, total hash rate of BTC is close to to a record high ever. And indeed, even some top miners are deciding not just to hodl BTC they have mined, but indeed also to further buy BTC with any cash that have.

We can see that the BTC mining cost has closely correlated to the BTC price over time- see for example here: https://en.macromicro.me/charts/29435/bitcoin-production-total-cost

Right now the market price of a coin is a touch below the cost to mine it, so this will both drive mining efficiency, but also bodes well for price rising over time to match or exceed the cost of production.
I would not call $15k a touch below - which it currently is. I've been watching the price difference the past 6 months and the cost to mine 1 BTC has been anywhere from $10,000 - $30,000 more than buying 1 BTC during that period.

Miners are buying BTC because they are losing mining it. But without mining BTC stops working because transactions need to be confirmed. Bitcoin will never stop as long as there are individuals willing to mine it. But what will happen is mining will centralize more making Bitcoin's security model centralized. It's also vulnerable to energy supply issues because so much energy is required to maintain the hash rate.

For now, this won't be an issue. But I see it becoming a problem 16-24 years from now when miner yields will be 1/16th to 1/64th what they are now. Transaction fees would have to make up the difference to keep the network security high. But if BTC is a store of value and you're supposed to hold it, where will these transactions come from?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 14, 2024, 11:12:17 AM
Quote from: gib on October 14, 2024, 03:14:58 AM
How did Eth lose its way? Great article here, but essentially they tried to be a jack of all trades and ended of becoming a master of none, losing the store of money narrative to Bitcoin, and the faster throughput to Solana and others...

https://www.coindesk.com/opinion/2024/10/11/has-ethereum-lost-its-way/
Competition is good. Bitcoin went through an awkward, growing pain phase as well in the past. In 2017 Ethereum outperformed BTC dramatically for some time.

I am happy to see the ETH inflation coming down again. It's now at 0.25% for the past 7 days, and 0.36% the past 30 days. Inflation peaked around 0.6% after the Dencun upgrade which lowered ETH fees in response to Solana, Avalanche and other chains with low fees. This indicates that the inflation has been trending down and transaction volumes have been up.

https://ultrasound.money/

Ethereum could very well go deflationary again even with the cheap fees. Note that Bitcoin's current inflation is 0.83% and Solana's is around 6-7%. So Ethereum's inflation is low in comparison. Binance BNB has a deflation narrative as well and might be reduced to around 100 million BNB in time.

Solana has a lot of bot trading and the actual transaction speeds are exaggerated. It bogs down or grinds to a halt under certain conditions. The computing and storage requirements for Solana is also extreme. The Solana community keeps criticizing Ethereum's L2 strategy but behind the scenes they are working on their own L2 plans. Only they call them "Network Extensions".

A lot of research has gone into maintaining decentralization and security and improving transaction speed. The reality is there is no easy solution for that. If Solana claims ultra fast transaction speeds it means they are compromising somewhere else.

Solana did great earlier in 2024 because it crashed from $259 down to $8 during the FTX collapse. It turned out to not be a total scam and congrats on the recovery. It still has a way to go to reach ATH prices. But same goes for ETH. We know how fast these chain prices can go up and down. Just a few months ago ETH was over $4K.

Time will tell. I am interested to see what happens in the next 2-10 years.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 14, 2024, 03:32:05 PM
Quote from: obsidian on October 14, 2024, 10:55:25 AM
I would not call $15k a touch below - which it currently is. I've been watching the price difference the past 6 months and the cost to mine 1 BTC has been anywhere from $10,000 - $30,000 more than buying 1 BTC during that period.

Miners are buying BTC because they are losing mining it. But without mining BTC stops working because transactions need to be confirmed. Bitcoin will never stop as long as there are individuals willing to mine it. But what will happen is mining will centralize more making Bitcoin's security model centralized. It's also vulnerable to energy supply issues because so much energy is required to maintain the hash rate.

For now, this won't be an issue. But I see it becoming a problem 16-24 years from now when miner yields will be 1/16th to 1/64th what they are now. Transaction fees would have to make up the difference to keep the network security high. But if BTC is a store of value and you're supposed to hold it, where will these transactions come from?

As Bitcoin becomes more and more centralised, funny how the decentralised, freedom narratives vanished.

Nobody gives a shit as long as price goes up.

Once Bitcoin is centrally controlled, cost to mine and the price itself can be fixed which will solve the issues you bring up.

The energy questions are fair because incoming regulations are going to limit our access to free green energy. That’s a more interesting discussion because you aren’t capped by price but simply allocation which means the only advancement to mine more is tech increases. Hash rate would then reflect the tech level rather than how many CPUs one can afford. That’s pretty cool to ponder actually 🤔

FWIW I have heard home battery size will be included in our home solar allocation. If true, it’s an example of how govts are capping our consumption in an effort to force tech to become more efficient.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Lartinos on October 14, 2024, 06:07:26 PM
https://dailyhodl.com/2024/10/14/man-sues-city-council-for-647000000-for-blocking-him-from-digging-up-old-hard-drive-with-bitcoin-report/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 15, 2024, 08:59:14 AM
Quote from: obsidian on October 14, 2024, 11:12:17 AM
In 2017 Ethereum outperformed BTC dramatically for some time.


Almost any alt "outperforms" BTC initially after launch.

Almost no alt performs BTC for more than a single cycle...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 15, 2024, 09:03:32 AM
Quote from: obsidian on October 14, 2024, 11:12:17 AM
e.
I am happy to see the ETH inflation coming down again. It's now at 0.25% for the past 7 days, and 0.36% the past 30 days. Inflation peaked around 0.6% after the Dencun upgrade which lowered ETH fees in response to Solana, Avalanche and other chains with low fees. This indicates that the inflation has been trending down and transaction volumes have been up.

https://ultrasound.money/

Ethereum could very well go deflationary again even with the cheap fees. Note that Bitcoin's current inflation is 0.83% and Solana's is around 6-7%. So Ethereum's inflation is low in comparison. Binance BNB has a deflation narrative as well and might be reduced to around 100 million BNB in time.

To me the entire discussion about inflation / deflation of alts is irrelevant. If there is a pile of shit, which then shrinks by 2%, then more is added, then it shrinks again - etc. None of this changes what it fundamentally is.

BTC on the other hand, has a clearly defined algorithm, which (unlike Eth), hasd never changed, and it just keeps on ticking like clockwork, doing what it does. This, along with all its other properties, is what makes it the perfect ledger to be used as a store of value.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 15, 2024, 09:04:33 AM
Quote from: obsidian on October 14, 2024, 11:12:17 AM

Solana has a lot of bot trading and the actual transaction speeds are exaggerated. It bogs down or grinds to a halt under certain conditions. The computing and storage requirements for Solana is also extreme. The Solana community keeps criticizing Ethereum's L2 strategy but behind the scenes they are working on their own L2 plans. Only they call them "Network Extensions".

A lot of research has gone into maintaining decentralization and security and improving transaction speed. The reality is there is no easy solution for that. If Solana claims ultra fast transaction speeds it means they are compromising somewhere else.


Fully agree.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 15, 2024, 09:22:43 AM
Quote from: obsidian on October 14, 2024, 10:55:25 AM
I would not call $15k a touch below - which it currently is. I've been watching the price difference the past 6 months and the cost to mine 1 BTC has been anywhere from $10,000 - $30,000 more than buying 1 BTC during that period.

Miners are buying BTC because they are losing mining it. But without mining BTC stops working because transactions need to be confirmed. Bitcoin will never stop as long as there are individuals willing to mine it. But what will happen is mining will centralize more making Bitcoin's security model centralized. It's also vulnerable to energy supply issues because so much energy is required to maintain the hash rate.

For now, this won't be an issue. But I see it becoming a problem 16-24 years from now when miner yields will be 1/16th to 1/64th what they are now. Transaction fees would have to make up the difference to keep the network security high. But if BTC is a store of value and you're supposed to hold it, where will these transactions come from?

First of all, there are different published stats of what it costs to mine. The reality is, no knows for certain what the true average cost is, although we can make approximations.

Second, some starts show the average cost as being just marginally over market value, as in 1-5K (not 15K).

Third, what we do know, is that over time, the cost of production and market price have always been correlated (sometime over, sometimes under, for obvious reasons), but over time they converge and revert around each other. So, for example, let's assume your average cost of 80K per coin is correct - we could easily have a jump to BTC to 85-100K, at which point, mining would be highly profitable. And then after a period of time, hash rate goes up, mining gets less profitable, and cost of mining reverts again to the mean, and maybe even drops below due to optimistic over-investment in mining rigs. And then cycle repeats.

Fourth, with an "average cost", we know some miners will be mining cheaper than that average and some more expensive. So, those with the best equipment, and access to cheapest energy will be below that average, and some of course will be well below.

Fifth, many miners have an incentive to inflate cost of mining they report. Reasons include to maximize the reported total production cost to maximize tax losses, putting almost any expense of the company (including long term capital investment, advertising, cost of labour, lavish travel etc into the "cost", which if really needed they could easily cut.

Sixth, many miners report an inflated cost so as to deter competitors from entering. So, let's say you are making 10K a coin. What you will be telling the market is that even with your highly efficient operation, you are losing 15K a coin. This helps deter new entrants, and helps protect margins.

Seventh, the reason miners are buying coins, is fundamentally, because they consider its a better action that selling coins or retaining cash. They continue to mine like crazy and on top they hodl. These miners now remaining really know their stuff, and are making far more mathematically sophisticated decisions, hedging, arbitrage, forecasting and financial modeling etc.

Eighth - mining will wane thorough various phases of centralization, and decentralization, due to numerous economic, political, technological, and free-market factors. We will also see a "decentralisation within centralization" framework emerge over time. I will write a longer post on this at some point, but I think you and Mayday may already have a sense of what I mean here.

OK - signing off for now. Let the BTC pump strong! (All other alts will follow - but don't forget, the supply of alts is infinite, where the total supply of global wealth is not).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 15, 2024, 09:31:44 AM
Check out this discussion, about what Larry Fink, perhaps the most influential man on Wall St, just said about how BTC is poised to displace property as a store of wealth.

https://www.reddit.com/r/unusual_whales/comments/1g3ukqi/blackrock_blk_ceo_larry_fink_said_today_that/

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 15, 2024, 11:53:52 AM
Quote from: gib on October 15, 2024, 09:03:32 AM
To me the entire discussion about inflation / deflation of alts is irrelevant. If there is a pile of shit, which then shrinks by 2%, then more is added, then it shrinks again - etc. None of this changes what it fundamentally is.

BTC on the other hand, has a clearly defined algorithm, which (unlike Eth), hasd never changed, and it just keeps on ticking like clockwork, doing what it does. This, along with all its other properties, is what makes it the perfect ledger to be used as a store of value.
The Bitcoin algorithm, specifically its consensus mechanism known as Proof of Work (PoW) and the underlying cryptographic principles, has not fundamentally changed since its creation in 2009 by Satoshi Nakamoto. However, Bitcoin has undergone several updates and improvements to its software through soft forks and hard forks that have enhanced functionality, security, and scalability. These updates have not changed the core algorithm itself but have introduced optimizations. Some key developments include:

1. BIP Process: Bitcoin Improvement Proposals (BIPs) are how changes to the Bitcoin protocol are proposed and implemented. Many small upgrades have been made through this process.

2. Segregated Witness (SegWit) (2017): This was a significant soft fork that modified how transaction data is stored, improving Bitcoin's scalability by increasing the block size limit and fixing transaction malleability.

3. Taproot (2021): Taproot is another soft fork that improved Bitcoin's privacy, security, and smart contract capabilities. It optimized how Bitcoin transactions are processed, particularly for complex transactions involving multiple parties.

4. Difficulty Adjustment Algorithm: The difficulty of the PoW algorithm is regularly adjusted (about every two weeks) to ensure that new blocks are mined approximately every 10 minutes, but the core mining algorithm (SHA-256 hashing) has not changed.

While there have been various improvements to Bitcoin's software, the core principles of the protocol and algorithm remain the same as those originally outlined by Nakamoto.

Ethereum has seen two changes to the algorithm:

1. Original Algorithm (2015–2022): Proof of Work (Ethash).
2. Current Algorithm (Post-2022): Proof of Stake as part of Ethereum 2.0.

Bitcoin might have to switch to POS eventually or another method of consensus. And the removal of the 21 million cap with a low inflation / burning mechanism introduced.

The POW model does not scale well when BTC rewards are miniscule and when transaction fees are supposed to be the main incentive to secure the BTC network.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 15, 2024, 12:18:21 PM
Quote from: gib on October 15, 2024, 09:22:43 AM
First of all, there are different published stats of what it costs to mine. The reality is, no knows for certain what the true average cost is, although we can make approximations.

Second, some starts show the average cost as being just marginally over market value, as in 1-5K (not 15K).

Third, what we do know, is that over time, the cost of production and market price have always been correlated (sometime over, sometimes under, for obvious reasons), but over time they converge and revert around each other. So, for example, let's assume your average cost of 80K per coin is correct - we could easily have a jump to BTC to 85-100K, at which point, mining would be highly profitable. And then after a period of time, hash rate goes up, mining gets less profitable, and cost of mining reverts again to the mean, and maybe even drops below due to optimistic over-investment in mining rigs. And then cycle repeats.

Fourth, with an "average cost", we know some miners will be mining cheaper than that average and some more expensive. So, those with the best equipment, and access to cheapest energy will be below that average, and some of course will be well below.

Fifth, many miners have an incentive to inflate cost of mining they report. Reasons include to maximize the reported total production cost to maximize tax losses, putting almost any expense of the company (including long term capital investment, advertising, cost of labour, lavish travel etc into the "cost", which if really needed they could easily cut.

Sixth, many miners report an inflated cost so as to deter competitors from entering. So, let's say you are making 10K a coin. What you will be telling the market is that even with your highly efficient operation, you are losing 15K a coin. This helps deter new entrants, and helps protect margins.

Seventh, the reason miners are buying coins, is fundamentally, because they consider its a better action that selling coins or retaining cash. They continue to mine like crazy and on top they hodl. These miners now remaining really know their stuff, and are making far more mathematically sophisticated decisions, hedging, arbitrage, forecasting and financial modeling etc.

Eighth - mining will wane thorough various phases of centralization, and decentralization, due to numerous economic, political, technological, and free-market factors. We will also see a "decentralisation within centralization" framework emerge over time. I will write a longer post on this at some point, but I think you and Mayday may already have a sense of what I mean here.

OK - signing off for now. Let the BTC pump strong! (All other alts will follow - but don't forget, the supply of alts is infinite, where the total supply of global wealth is not).
I referenced the source you provided. It now indicates the difference is $17k between mining and buying.

https://en.macromicro.me/charts/29435/bitcoin-production-total-cost

Places like Iran has cheap energy and the cost to mine 1 BTC would be less. But they still have to acquire the hardware which is not an insignificant amount.

Mining 1 Bitcoin in Ireland costs up to $321,112, while in Iran, miners pay just $1,324 – Over 240 times cheaper.
A miner in Iran could mine over 42 Bitcoins for the same energy cost required to mine just one Bitcoin in Ireland.
^^^^^^^^^^
These are only electrical costs. Nobody is mining 1 BTC in Iran for $1,324. They would have to spend a lot more on hardware initially. And provide a building, internet, etc.

https://nftevening.com/bitcoin-mining-cost/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 16, 2024, 01:52:30 AM
Quote from: obsidian on October 15, 2024, 11:53:52 AM
The Bitcoin algorithm, specifically its consensus mechanism known as Proof of Work (PoW) and the underlying cryptographic principles, has not fundamentally changed since its creation in 2009 by Satoshi Nakamoto. However, Bitcoin has undergone several updates and improvements to its software through soft forks and hard forks that have enhanced functionality, security, and scalability. These updates have not changed the core algorithm itself but have introduced optimizations. Some key developments include:

1. BIP Process: Bitcoin Improvement Proposals (BIPs) are how changes to the Bitcoin protocol are proposed and implemented. Many small upgrades have been made through this process.

2. Segregated Witness (SegWit) (2017): This was a significant soft fork that modified how transaction data is stored, improving Bitcoin's scalability by increasing the block size limit and fixing transaction malleability.

3. Taproot (2021): Taproot is another soft fork that improved Bitcoin's privacy, security, and smart contract capabilities. It optimized how Bitcoin transactions are processed, particularly for complex transactions involving multiple parties.

4. Difficulty Adjustment Algorithm: The difficulty of the PoW algorithm is regularly adjusted (about every two weeks) to ensure that new blocks are mined approximately every 10 minutes, but the core mining algorithm (SHA-256 hashing) has not changed.

While there have been various improvements to Bitcoin's software, the core principles of the protocol and algorithm remain the same as those originally outlined by Nakamoto.

Ethereum has seen two changes to the algorithm:

1. Original Algorithm (2015–2022): Proof of Work (Ethash).
2. Current Algorithm (Post-2022): Proof of Stake as part of Ethereum 2.0.

Bitcoin might have to switch to POS eventually or another method of consensus. And the removal of the 21 million cap with a low inflation / burning mechanism introduced.

The POW model does not scale well when BTC rewards are miniscule and when transaction fees are supposed to be the main incentive to secure the BTC network.

Agree with most of that. Key thing is that BTC's core properties are rock solid. So, take a gold bar for example - you can make it into coins, jewellery, put specks into watches, but the core property remains gold. You don't go and turn it into a who new element but changing core properties by messing around with issuance, burning, inflating / reflating etc - do that and your store of value is forever destroyed.

POW has scaled beautifully, and it is this work (and the proof of it) which creates a scarcity tied to the physical world (namely energy). If no work was required, we could all just create coins of value at a whim. (Same reason why gold has value by the way).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 16, 2024, 01:57:03 AM
Quote from: obsidian on October 15, 2024, 12:18:21 PM
I referenced the source you provided. It now indicates the difference is $17k between mining and buying.

https://en.macromicro.me/charts/29435/bitcoin-production-total-cost

Places like Iran has cheap energy and the cost to mine 1 BTC would be less. But they still have to acquire the hardware which is not an insignificant amount.

Mining 1 Bitcoin in Ireland costs up to $321,112, while in Iran, miners pay just $1,324 – Over 240 times cheaper.
A miner in Iran could mine over 42 Bitcoins for the same energy cost required to mine just one Bitcoin in Ireland.
^^^^^^^^^^
These are only electrical costs. Nobody is mining 1 BTC in Iran for $1,324. They would have to spend a lot more on hardware initially. And provide a building, internet, etc.

https://nftevening.com/bitcoin-mining-cost/

Yes, its one source of many. Right now it indicates the cost of mining on 5 October was at 72, and price of a BTC is now around 66. Please do take notes of the points I made above about the relevance and accuracy of mining costs and the factors that impact the reporting of these costs. Very likely we soon see a swing into BTC being more expensive than cost to mine, as explained above, is a natural cycle (also very applicable to the physical commodities space).

As for mining being cheaper in some locations, of course, over time, mining gravitates to its most efficient location. That arbitrage is an obvious and natural effect of capitalism.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on October 16, 2024, 08:44:18 AM
BlackRock CEO Larry Fink: "The role of Ethereum as a blockchain can grow dramatically."

https://www.forbes.com/sites/digital-assets/2024/10/13/digitizing-the-dollar-blackrock-ceo-reveals-his-radical-plan-for-ai-powered-crypto-thats-predicted-to-blow-up-the-price-of-bitcoin-and-ethereum/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: GymnJuice on October 16, 2024, 09:18:17 AM
https://www.bloomberg.com/news/articles/2024-10-16/italy-to-raise-capital-gains-tax-on-bitcoin-to-42-from-26-m2brojod (https://www.bloomberg.com/news/articles/2024-10-16/italy-to-raise-capital-gains-tax-on-bitcoin-to-42-from-26-m2brojod)

Quote
Italy plans to raise the capital gains tax on Bitcoin to 42% from 26%, part of efforts to finance expensive election promises while cutting the fiscal deficit.

Prime Minister Giorgia Meloni’s cabinet made the move given the “phenomenon is spreading,” Deputy Finance Minister Maurizio Leo said during a conference call on Wednesday in reference to Bitcoin.

Earlier efforts by other countries to tax crypto trading haven’t always yielded much for state coffers. India imposed onerous digital-asset levies two years ago, only to see trading volumes shrivel up as local investors switched to offshore platforms to get around the taxes.

Italy’s announcement comes as the European Union is preparing to fully implement the bloc’s sweeping crypto regulations, a package known as MiCA, at the end of this year. It didn’t stop an advance in Bitcoin, which traded 1.8% higher as of 12 p.m. in London on Wednesday. The biggest token has jumped 17% in the past month.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on October 16, 2024, 01:52:43 PM
Ethereum is dead with the creation of a new layer 2 every 15 days. Impossible to reform, much too expensive, the Ethereum token is no longer useful.
Only Solana is progressing with revolutionary improvements and an unstoppable roadmap and Kaspa which will be the revolution of the months to come.
Solana will be the king of web 3.
Kaspa (PoW) will become not digital gold but digital silver which will serve as currency while bitcoin will remain the store of value.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 16, 2024, 06:41:53 PM
Quote from: French on October 16, 2024, 01:52:43 PM
Only Solana is progressing with revolutionary improvements and an unstoppable roadmap and Kaspa which will be the revolution of the months to come.
Solana will be the king of web 3.
Kaspa (PoW) will become not digital gold but digital silver which will serve as currency while bitcoin will remain the store of value.
Solana has a high inflation of 6-7% and it is centralized. L2s / Network Extensions are also being created for it.

Snowden labels Solana a hub for memecoins and scams

-Snowden called Solana a centralized chain for meme coins and scams.
-The community was divided on Solana’s decentralization status.

Former NSA intelligence contractor and whistleblower Edward Snowden’s comment sparked the discussion.

His address was at the recently concluded Token2049 conference in Singapore. Snowden said Solana has centralized everything to ensure efficiency, but it is only full of meme coins and scams.

“But nobody is using it, except for memecoins and scams. Because if anybody puts anything significant on it, then the states begin moving towards it.”

Snowden added,

‘It (Solana) will be a system with levers that people can simply take from you. You’ve to think for adversarial case, as opposed to the convenient, easy, early case.”

Some top Ethereum community insiders agreed that Solana is ‘centralized.’ In particular, Ryan Berkmans said Snowden’s remark was ‘mostly true,’ citing the network’s validator client and the high cost of running the validator node.

“Fact check: Mostly True, SOL prefers 10GBit/s upload. <1% has this. It’s a data center chain. Sol has 1 full client, no spec. It’s more of an app than a protocol. Validators pay lots to vote. In ~2.5yr, ~$1.2M stake to break even. Centralized!”

Solana’s co-founder, Anatoly Yakovenko, echoed the same stance but noted that there were only two clients.

“Firedancer is running on mainnet! Just not voting or building blocks yet by choice. But fully validating all the state transitions. There are now officially two clients.”

However, David Hoffman of Bankless disagreed with Yakovenko, citing the founder’s recent statement that Agave would be a backup to Firedancer, not a multi-client set-up.

“It was said that Firedancer was intended to be the main client, with the old client as a secondary fallback client. Not exactly the same as a robust multi-client network.”

https://ambcrypto.com/snowden-labels-solana-a-hub-for-memecoins-and-scams-heres-why/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 16, 2024, 06:58:34 PM
Quote from: French on October 16, 2024, 01:52:43 PM
Only Solana is progressing with revolutionary improvements and an unstoppable roadmap and Kaspa which will be the revolution of the months to come.
Solana will be the king of web 3.
Kaspa (PoW) will become not digital gold but digital silver which will serve as currency while bitcoin will remain the store of value.
lmao! ETH is not dead. We've heard this before. But thanks for the FUD! There's a lot of developments in the Ethereum ecosystem and the number of Ethereum developers dwarf all other chains. A few ETH L2s have more developers than Solana. The ETH L2 Base has 2.48 times more developers than Bitcoin. There are 2,788 full-time Ethereum developers compared with 664 Solana and 358 Bitcoin developers. Ethereum and Base have a combined total of 12,856 developers!

https://www.developerreport.com/

The total value staked is approaching 35 million ETH. ETH staking has been steadily increasing since 2021.
https://cryptoquant.com/asset/eth/chart/eth2/total-value-staked?window=DAY&ema=0&priceScale=log&metricScale=linear&chartStyle=line

Sony recently announced plans to launch an ETH L2 - Soneium.

https://www.ccn.com/news/technology/sonys-minato-testnet-success-offers-preview-of-soneiums-real-world-potential/

Sony’s Minato Testnet Success Offers Preview of Soneium’s Real-World Potential

Sony Block Solutions Labs’ (Sony BSL) Soneium Minato public testnet has seen immense success with over one million accounts created since its launch on Aug, 26.

The success gives an insight into the future real-world potential of the layer-2 Soneium blockchain, developed by Sony subsidiary Singapore-based Startale Labs.

Let's talk about the numbers of @soneium Minato.
1) Around 1M accounts have been created.
2) Around 250K smart contracts have been deployed.
3) More than 40 projects have been chosen at Soneium Spark from 1780 applications and are preparing for their launch.
In 1.5 months!

Ethereum Name Service integrated with PayPal, Venmo for crypto transfers

Venmo and PayPal users will now be able to transfer cryptocurrency using Ethereum Name Service (ENS) names. ENS Labs disclosed the integration on Sept. 10, which is expected to reach more than 270 million users in the United States.

https://www.msn.com/en-us/money/technology/ethereum-name-service-integrated-with-paypal-venmo-for-crypto-transfers/ar-AA1ql83H
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 23, 2024, 09:35:48 AM
Eth just hit another 3 year record low to BTC, marking another low point in the continuation of a trend that started mid 2021.

We may get to around .03 Btc to one Eth over the next year, after things may settle a bit, before the longer term downward trend continues.

No one here cannot say they were not warned...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on October 23, 2024, 10:23:50 AM
Ethereum is the most centralized blockchain in the game because it only relies on Vitalik being alive.
Hundreds of layers 2 without interest with an Ethereum token that has become useless.

Solana will overtake it and will eventually overtake Bitcoin which will be capped once held by all the institutions who will no longer sell like a gold reserve.

Kaspa (PoW) is the ultimate revolution and will be the world's digital money for all money transfers, in the top 30 without yet being listed on DEXs and without smart contracts under construction.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 23, 2024, 10:26:49 AM
Quote from: gib on October 23, 2024, 09:35:48 AM
Eth just hit another 3 year record low to BTC, marking another low point in the continuation of a trend that started mid 2021.

We may get to around .03 Btc to one Eth over the next year, after things may settle a bit, before the longer term downward trend continues.

No one here cannot say they were not warned...
I posted this less than 4 weeks ago. Hold on to your panties and congrats!  ;D
vvvvvvvvvvvvvvvvvvvvvvvv vvvvvvvvvvvvvvvvvvvvvvvv vvvvvvvvvvvvvvvvvvv

Quote from: obsidian on September 25, 2024, 12:02:40 PM
The ETH / BTC ratio might worsen for a few more weeks. I anticipate that you'll be posting about it. I personally think the ETH / BTC ratio will eventually improve in the favor of ETH, as its done before. But time will tell - we'll see what happens. I won't be posting about this until / if we see a clear reversal trend.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 23, 2024, 10:42:14 AM
Quote from: French on October 23, 2024, 10:23:50 AM
Ethereum is the most centralized blockchain in the game because it only relies on Vitalik being alive.
Hundreds of layers 2 without interest with an Ethereum token that has become useless.

Solana will overtake it and will eventually overtake Bitcoin which will be capped once held by all the institutions who will no longer sell like a gold reserve.

Kaspa (PoW) is the ultimate revolution and will be the world's digital money for all money transfers, in the top 30 without yet being listed on DEXs and without smart contracts under construction.
What you posted is laughable. Solana is way more centralized than Ethereum. I would argue Bitcoin is also more centralized than Ethereum.

The ETH Foundation holds a smaller percentage of Ethereum (0.22%) than Saylor's MicroStrategy holds of Bitcoin (1.275% and counting).

MicroStrategy percentage of Bitcoin is almost 6x the Ethereum Foundation's percentage of Ethereum. Same for Vitalik.

Here's their wallet:
https://etherscan.io/address/0xde0b295669a9fd93d5f28d9ec85e40f4cb697bae

Buterin is a voice for Ethereum the same way Saylor is a voice for Bitcoin, and Anatoly Yakovenko a Solana attraction. If these guys kick the bucket the value of all three will tumble. But they will survive.

Ethereum dominates in the number of full-time and total developers.

https://www.developerreport.com/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 23, 2024, 10:43:08 AM
Quote from: French on October 23, 2024, 10:23:50 AM
Ethereum is the most centralized blockchain in the game because it only relies on Vitalik being alive.
Hundreds of layers 2 without interest with an Ethereum token that has become useless.

Solana will overtake it and will eventually overtake Bitcoin which will be capped once held by all the institutions who will no longer sell like a gold reserve.

Kaspa (PoW) is the ultimate revolution and will be the world's digital money for all money transfers, in the top 30 without yet being listed on DEXs and without smart contracts under construction.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 23, 2024, 05:07:54 PM
Quote from: gib on October 23, 2024, 09:35:48 AM
Eth just hit another 3 year record low to BTC, marking another low point in the continuation of a trend that started mid 2021.

We may get to around .03 Btc to one Eth over the next year, after things may settle a bit, before the longer term downward trend continues.

No one here cannot say they were not warned...

What if someone uses the same timeframe of measure as you? like Obsidian?

Obsidian will just say you only need to HoDL and it’ll go up and win in the end.

ETH and SOL are fucked because of duplicate copies of token scams. There’s like 6 of everything now and it’s where the scamming is. Those 2 will be hit hardest by incoming regulations as once you remove the ‘lottery’ incentive you realise you will be better off in BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 24, 2024, 01:16:22 AM
Obsidian - you are one of the smartest guys here, but your intelligence (or self-belief / stubbornness?) may be your downfall.

Take a step back, and see the forest instead of the trees.

The big picture here is that BTC has won the "store of value / defence against fiat devaluation" narrative hands down. There is no crypto "alt" to this which even comes close.

That leaves an infinite number of "alts", which almost no-one is buying for any fundamental technical attributes (even if they think they are), and indeed only are buying because of the latest hype as being a "token" which will go up in value (at least for a short period of time). The problem with that is of course that such alts are infinite, and new ones always rise faster than existing ones, for a limited period of time, whereas total wealth is finite. Long term, shitcoinery cannot make you money unless time buy and sells (and the vast majority of "investors" eventually realize they cannot reliably do this).

It is heartbreaking to see you do this to yourself, and there is nothing sadder than seeing an investor hold on to a big position (once profitable) only to not accept reality and to keep holding as it declines, because "its already fallen so much already so I can't sell now". With a stock, if you really know what you are doing and if you can truly calculate fundamental value, its fine to stay invested even if market cap falls. However, with a "crypto token", for almost all such tokens a fundamental value is virtually impossible to accurately calculate, so if you are going to invest at all, it needs to be based on narrative, hype, and correct timing. And unfortunately Eth is on the declining side of that. Why not just take 50% of your Eth and put it into BTC, even just DCAing into BTC until you reach 50%? (Which might you might actually reach faster than you think if the current tend continues?

This thread at the very outset, and all the way through, emphasized the importance of Getbiggers being united on BTC. United we thrive, diluted (with shitcoins), only the shitcoin scammers thrive...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 24, 2024, 02:49:33 AM
Quote from: gib on October 11, 2024, 11:37:40 PM
A few quick comments.

Re MSTR, remember MayDay's predictions of doom and gloom when I mentioned that MSTR was on of my biggest stock buys during the initial covid sell-off where I loaded up on stocks? That one ended with "well time will tell". And indeed, time has told...

As to how MSTR correlates to BTC, due to its borrowings, it is a leveraged play on BTC, and so has more on the upside (and on the downside potentially). Also, due to its borrowings, it has bond-like features, so again its price can be amplified on top of any marco news which impacts interest rate expectations.

As for ambitions of a Bitcoin bank, yes, that also drove price - and note, its not a "Doge", or "Dog Wif Hat", or "Etherium" bank, Its Bitcoin! And Bitcoin only.

Correct. It's now the turn of the Ai meme meta

(https://pbs.twimg.com/media/GapDzcNWoAAm3m3?format=jpg&name=large)
(https://pbs.twimg.com/media/GapDzbxWcAA2usP?format=jpg&name=large)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 24, 2024, 12:40:13 PM
Quote from: gib on October 24, 2024, 01:16:22 AM
Obsidian - you are one of the smartest guys here, but your intelligence (or self-belief / stubbornness?) may be your downfall.

Take a step back, and see the forest instead of the trees.

The big picture here is that BTC has won the "store of value / defence against fiat devaluation" narrative hands down. There is no crypto "alt" to this which even comes close.

That leaves an infinite number of "alts", which almost no-one is buying for any fundamental technical attributes (even if they think they are), and indeed only are buying because of the latest hype as being a "token" which will go up in value (at least for a short period of time). The problem with that is of course that such alts are infinite, and new ones always rise faster than existing ones, for a limited period of time, whereas total wealth is finite. Long term, shitcoinery cannot make you money unless time buy and sells (and the vast majority of "investors" eventually realize they cannot reliably do this).

It is heartbreaking to see you do this to yourself, and there is nothing sadder than seeing an investor hold on to a big position (once profitable) only to not accept reality and to keep holding as it declines, because "its already fallen so much already so I can't sell now". With a stock, if you really know what you are doing and if you can truly calculate fundamental value, its fine to stay invested even if market cap falls. However, with a "crypto token", for almost all such tokens a fundamental value is virtually impossible to accurately calculate, so if you are going to invest at all, it needs to be based on narrative, hype, and correct timing. And unfortunately Eth is on the declining side of that. Why not just take 50% of your Eth and put it into BTC, even just DCAing into BTC until you reach 50%? (Which might you might actually reach faster than you think if the current tend continues?

This thread at the very outset, and all the way through, emphasized the importance of Getbiggers being united on BTC. United we thrive, diluted (with shitcoins), only the shitcoin scammers thrive...
I appreciate your concern - thanks!

Like Saylor, I am prepared to hold Ethereum down to zero, as I am with any crypto I have. Earlier in the year, ETH was up to $4,000. Had you taken a snapshot then things would look a lot different. ETH would be up 60% from where it is now. It is pointless to look at such short time frames.

Markets can be emotional and fickle. ETH right now is a superior product to what it was 6 months ago, yet the price is down 37.5% from March. Interesting how $2,500 to $4,000 is a 60% increase, but $4,000 to $2,500 is a 37.5% decrease. ETH is now superior because it has regulatory clarity with the Spot ETFs, fees are lower after the Dencun upgrade, and the inflation is still lower than Bitcoin. Numerous L2 projects have been announced by companies like Sony, BlackRock, etc. On paper the price should be higher than it was in March. But that's not how it always work.

I'll admit I expected the ETH price to pump more by now after the spot approvals. The spot approvals came in the summer and it seems that was the wrong time for them to be released. Bearish sentiment for the entire space became prevalent. But I do think in the long run the ETH ETF inflows will pickup. And ETH has shown us before that it can easily gain 20% in 1 day.  ETH Spot inflows have been positive for a few sessions this month. Still being held back by the Grayscale outflows though.

If you look at late 2021, Bitcoin crashed down to $46K while ETH sat around $4K. Investors back then would have been bearish on BTC and bullish on ETH. You lived through that. Go look at the charts!

ETH will bounce back. I am sure of it. And I'll happily ride it down to zero if needed.  ;D

You're trying in vain to get me to capitulate to Bitcoin. If I was you I would start to consider how the Bitcoin project will play out 12-24 years from now because it is uncertain how BTC will be secured. Unless that is too long-term for you and you plan to cash out of BTC in the next few years.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 24, 2024, 04:20:50 PM
While all the ETH FUD is making the rounds...

https://blockworks.co/news/kraken-ethereum-layer-2-superchain

Kraken unveils new Ethereum L2 built on Optimism’s Superchain

Binance has BNB Chain, Coinbase has Base, OKX has the X Layer and now Kraken has Ink.

Kraken announced today its plans to launch its own Ethereum layer-2 network, Ink, expected to go live on mainnet in early 2025.

Ink uses Optimism’s OP Stack, and will be part of Optimism’s constellation of blockchains, dubbed the Superchain.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 24, 2024, 04:29:42 PM
Quote from: Mayday on October 23, 2024, 05:07:54 PM
What if someone uses the same timeframe of measure as you? like Obsidian?

Obsidian will just say you only need to HoDL and it’ll go up and win in the end.

ETH and SOL are fucked because of duplicate copies of token scams. There’s like 6 of everything now and it’s where the scamming is. Those 2 will be hit hardest by incoming regulations as once you remove the ‘lottery’ incentive you realise you will be better off in BTC.
BTC crashed from $1,000 in 2014 down to $200 in 2015. Then again from $18K+ in 2017 down to $3,200 in late 2018. We saw this again when it crashed from $65k+ in 2021 down to $16k in late 2022.

Your meme would be valid for those that entered at the ATH and held it down to the bottom.

But what about the OG guys that got BTC for $1 and held the bags all the way to present and never sold. They came out on top. But some would have argued that they were retarded. A retard that spent $20,000 on BTC @ $1 would now have a bag worth well over $1 billion. People were mining 50 BTC per day on laptops. There were some that mined 20,000 BTC and paid less than $1 per BTC in electrical bills. Those were the early adopters.

How many cryptos have gone to zero? Almost none have gone that low.  ;D

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 25, 2024, 02:00:40 AM
Quote from: obsidian on October 24, 2024, 12:40:13 PM
I appreciate your concern - thanks!

Like Saylor, I am prepared to hold Ethereum down to zero, as I am with any crypto I have. Earlier in the year, ETH was up to $4,000. Had you taken a snapshot then things would look a lot different. ETH would be up 60% from where it is now. It is pointless to look at such short time frames.

Markets can be emotional and fickle. ETH right now is a superior product to what it was 6 months ago, yet the price is down 37.5% from March. Interesting how $2,500 to $4,000 is a 60% increase, but $4,000 to $2,500 is a 37.5% decrease. ETH is now superior because it has regulatory clarity with the Spot ETFs, fees are lower after the Dencun upgrade, and the inflation is still lower than Bitcoin. Numerous L2 projects have been announced by companies like Sony, BlackRock, etc. On paper the price should be higher than it was in March. But that's not how it always work.

I'll admit I expected the ETH price to pump more by now after the spot approvals. The spot approvals came in the summer and it seems that was the wrong time for them to be released. Bearish sentiment for the entire space became prevalent. But I do think in the long run the ETH ETF inflows will pickup. And ETH has shown us before that it can easily gain 20% in 1 day.  ETH Spot inflows have been positive for a few sessions this month. Still being held back by the Grayscale outflows though.

If you look at late 2021, Bitcoin crashed down to $46K while ETH sat around $4K. Investors back then would have been bearish on BTC and bullish on ETH. You lived through that. Go look at the charts!

ETH will bounce back. I am sure of it. And I'll happily ride it down to zero if needed.  ;D

You're trying in vain to get me to capitulate to Bitcoin. If I was you I would start to consider how the Bitcoin project will play out 12-24 years from now because it is uncertain how BTC will be secured. Unless that is too long-term for you and you plan to cash out of BTC in the next few years.

Well, I do respect a man of conviction. You have your reasons. I just think though, you may be focussed far too much on technical features, and not to much on what will actually drive long term price.

I also understand the sentimental value of holding all that you mined yourself.

Let me ask you this - for any new money you want to invest, are you at least putting that into BTC?

By the way, despite your concerns about incentives to mine, BTC hashrate just hit another ATH. And mining, at least according to some charts, appears to be profitable. (Indeed, if it were not, there would not be much incentive to mine).

PS - I do have about 7.5% of my crypto in alts, which I also plan to hold long term - they consist of ETH, FIL, SOL, LINK, UNI, AAVE. All are in the positive - primarily because I bought them after their first cycles. (So, if there is upside then great, but no worries if not).

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on October 25, 2024, 04:35:28 AM
"fees are lower after the Dencun upgrade"
After the PoW, it was the second mistake to transfer the reduction in costs to layers 2 while maintaining exorbitant costs on the main blockchain.
No longer any point in having a millefeuille based on outdated technology.
All-in one is what only matter for scalability.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 25, 2024, 10:18:08 AM
Quote from: French on October 25, 2024, 04:35:28 AM
"fees are lower after the Dencun upgrade"
After the PoW, it was the second mistake to transfer the reduction in costs to layers 2 while maintaining exorbitant costs on the main blockchain.
No longer any point in having a millefeuille based on outdated technology.
All-in one is what only matter for scalability.
Low fees attract spam. Solana has had to deal with lots of spam which cause a proliferation of failed transactions. Solana has extreme hardware requirements which means the average person can't run validators or nodes. The blockchain requires a massive amount of storage.

Thousands of developers have researched and studied the problem of creating a secure, decentralized network and try to make it fast. The reality is you have to compromise security and stability if you want fast and cheap.

Solana developers are also working on Layer 2's for their network. They have labeled them "network extensions" but it's basically the same thing.

Having said that, they are already working on scaling the Ethereum Layer 1.

Ethereum's current inflation is still lower than Bitcoin's current inflation even after the Dencun upgrade that reduced fees. The same cannot be said for Solana. You're looking at 6-7% inflation right now which is significant.

More Ethereum Layer 2's are in the pipeline. And developers are looking at ways to unify the entire Ethereum network and make the L2s pay their fair share for the security that the Layer 1 provides. The amount of Ethereum development currently going on is staggering. Just looks at all these announcements. If Ethereum was such a train wreck, why are these companies getting involved in it: BlackRock, VISA, Mastercard, Sony, Amazon, etc.

Kraken will launch Ink, an Ethereum L2 built on Optimisms Superchain
https://blockworks.co/news/kraken-ethereum-layer-2-superchain

Uniswap Developer Unveils Own Layer-2 Network, Unichain, Built on Optimism Tech
https://www.coindesk.com/tech/2024/10/10/uniswap-developer-unveils-own-layer-2-network-unichain-built-on-optimism-tech/

Sam Altman's (ChatGPT) unveiled new ETH Layer-2 "World Chain"
https://www.msn.com/en-us/money/technology/worldcoin-unveils-new-layer-2-network-world-chain/ar-AA1stVs2

Visa has introduced a new platform intended to help financial institutions issue fiat-backed tokens on the Ethereum network
https://www.techopedia.com/news/visa-tokenizing-assets-platform-banks#:~:text=Visa%20launches%20the%20Visa%20Tokenized%20Asset%20Platform%20%28VTAP%29,to%20pilot%20the%20platform%20on%20Ethereum%20in%202025.

MetaMask and Mastercard Launch Debit Card That Lets You Spend From Your Ethereum Wallet
https://decrypt.co/244627/metamask-mastercard-launch-debit-card-spend-ethereum-wallet

Sony’s Long-Awaited Ethereum Layer-2 Chain to Launch in Coming Weeks
https://decrypt.co/246071/sonys-long-awaited-ethereum-layer-2-chain-launch-coming-weeks

Announcing General Availability of Ethereum on Amazon Managed Blockchain
https://aws.amazon.com/about-aws/whats-new/2021/03/announcing-general-availability-of-ethereum-on-amazon-managed-blockchain/

Too early to say Ethereum L2s are ‘cannibalistic’ to revenue: Sygnum Bank
https://www.msn.com/en-us/money/markets/too-early-to-say-ethereum-l2s-are-cannibalistic-to-revenue-sygnum-bank/ar-AA1sTnuj

But while the Ethereum mainnet losing revenue share to layer 2s was bound to happen, optimizing scalability in this manner could see the base layer bring in revenue in ways that were not previously possible, Tischhauser said.

“The long term view is that the NET effect will be growth for the Ethereum L1 because the cheap L2s can catalyze new types of transactions previously not possible.”

“L2s still need to settle the final state on the L1, so if the L2 growth is substantial, the net effect should be Ethereum growth,” Tischhauser added.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on October 25, 2024, 10:45:24 AM
"The blockchain requires a massive amount of storage.", it's the case for Ethereum too.

The new Firedancer validator and the implementation of a revolutionary storage compression system will revolutionize the blockchain unlike Ethereum, which is increasingly heavy and slow.
Solana is above all, Defi, Smart Contracts and Depin.
Memecoins have been added to an ultra-efficient ecosystem and constitute a magnificent real-time stress test for a mainnet that is still officially not in Production..!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 25, 2024, 11:27:57 AM
Quote from: obsidian on October 24, 2024, 04:29:42 PM
BTC crashed from $1,000 in 2014 down to $200 in 2015. Then again from $18K+ in 2017 down to $3,200 in late 2018. We saw this again when it crashed from $65k+ in 2021 down to $16k in late 2022.

Your meme would be valid for those that entered at the ATH and held it down to the bottom.

But what about the OG guys that got BTC for $1 and held the bags all the way to present and never sold. They came out on top. But some would have argued that they were retarded. A retard that spent $20,000 on BTC @ $1 would now have a bag worth well over $1 billion. People were mining 50 BTC per day on laptops. There were some that mined 20,000 BTC and paid less than $1 per BTC in electrical bills. Those were the early adopters.

How many cryptos have gone to zero? Almost none have gone that low.  ;D

Well I do hope we get a Trump landslide win so we can see some nice pumping.

Fingers crossed 🫰
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 25, 2024, 11:36:36 AM
Quote from: French on October 25, 2024, 10:45:24 AM
"The blockchain requires a massive amount of storage.", it's the case for Ethereum too.
There is no comparison. The Solana blockchain is over 150 terabytes and growing. The Ethereum blockchain is around 1.17 terabytes. The Solana blockchain is probably over 150 times larger than Ethereum's while being launched 5 years after Ethereum! Talk about being bloated, damn!

https://stakin.com/blog/solana-a-2024-ecosystem-overview

Solana's high throughput and large block size comes at the expense of a massive blockchain size - the Solana blockchain is over 150 terabytes. As a result, Solana nodes cannot provide full history back to Genesis but are pruned after two epochs (approximately 4 days).

(https://s11.gifyu.com/images/SO6w5.gif)
Base vs Solana token swap to USDC comparison side by side
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 25, 2024, 11:43:49 AM
Longer BASE vs SOLANA comparison below:

(https://s1.gifyu.com/images/SOCxT.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 25, 2024, 11:47:00 AM
Quote from: Mayday on October 25, 2024, 11:27:57 AM
Well I do hope we get a Trump landslide win so we can see some nice pumping.

Fingers crossed 🫰
Washington Post declined to endorse puppet Kamala. Bezos doesn't want the socialism her handlers will bring.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on October 26, 2024, 12:25:02 AM
The introduction of ZK Compression has far-reaching implications for Solana's scalability. By reducing the cost of state storage, it enables applications to serve much larger user bases without resorting to layer-2 solutions or sacrificing the benefits of Solana's L1.

Unlike rollups used in Ethereum scaling, which batch multiple transactions off-chain and submit them as a single transaction, ZK Compression operates entirely on Solana's L1. Each transaction using compressed data still interacts directly with the on-chain program, maintaining full composability with other Solana applications.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 26, 2024, 01:27:24 AM
I'm impressed how many people there are here who are engage in the more technical aspects of blockchains...

Anyhow, a few interesting things more on the financial side.

1. Looks like MSTR may well be the best shortsqueeze target for the Wall St Bets crowd (just like game stop). There are some hedge funds shorting MSTR hard, and Saylor and BTC fans are absolutely raping the shorts right now, continuing to buy MSTR well beyond its BTC NAV. (Meanwhile MSTR can just sell any overvalued stock and buy BTC - nice!).

2. MSFT shareholders will be voting shortly on whether to add BTC to the balance sheet as a treasury asset. I will be voting yes.

PS - the single largest shareholder of MSFT is of course Blackrock. As for how Blackrock votes with all the shares it holds, I am not sure - does anyone know?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 26, 2024, 02:19:59 AM
And in other news, ETH just hit another 3 year low to BTC, now below .037 BTC to one Eth. I believe we will soon get to .036 (as in the next month), if the systemic devline trend which I believe is in place, continues.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 26, 2024, 02:33:56 AM
Quote from: gib on October 26, 2024, 01:27:24 AM

PS - the single largest shareholder of MSFT is of course Blackrock. As for how Blackrock votes with all the shares it holds, I am not sure - does anyone know?

Blackrock, Vanguard and State St are the largest shareholders in loads of companies like MSFT because of the way index funds work. They typically don't vote on these kinda things.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 26, 2024, 09:37:32 PM
Quote from: gib on October 26, 2024, 02:19:59 AM
And in other news, ETH just hit another 3 year low to BTC, now below .037 BTC to one Eth. I believe we will soon get to .036 (as in the next month), if the systemic devline trend which I believe is in place, continues.
ETH is the contrarian bet!  ;D

Everyone, their mother, and the kitchen sink are promoting Bitcoin and Solana.

Ethereum and Binance BNB are being overlooked. Sometimes the shoeshine boy effect is real!

(https://cdn.banyanhill.com/wp-content/uploads/2020/04/24142151/Great-Stuff-4-24-2020-Big.jpg)

(https://pbs.twimg.com/media/EfVwH8UX0AIZtVQ.png)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 26, 2024, 10:22:18 PM
Quote from: French on October 26, 2024, 12:25:02 AM
The introduction of ZK Compression has far-reaching implications for Solana's scalability. By reducing the cost of state storage, it enables applications to serve much larger user bases without resorting to layer-2 solutions or sacrificing the benefits of Solana's L1.

Unlike rollups used in Ethereum scaling, which batch multiple transactions off-chain and submit them as a single transaction, ZK Compression operates entirely on Solana's L1. Each transaction using compressed data still interacts directly with the on-chain program, maintaining full composability with other Solana applications.
Solana is exploring zk-compression primarily to tackle the blockchain’s significant data storage demands, which arise from its high throughput and detailed on-chain data records. Although Solana is designed for speed and scalability with its unique proof-of-history (PoH) consensus mechanism, its architecture generates massive amounts of data that must be stored and, in some cases, maintained by validators and archival nodes.

Ethereum does not require as much data storage as Solana.

Hence why ZK Rollups are a better solution for Ethereum and ZK Compression for Solana. Each project has different requirements.

Both zk-rollups and zk-compression use zero-knowledge (zk) proofs to improve blockchain scalability, but they approach it differently, each with unique advantages:

zk-Rollups: Primarily focused on bundling multiple transactions into a single batch to reduce on-chain data and gas costs, zk-rollups maintain the security and decentralization of the blockchain. They work by generating a single validity proof that attests to the correctness of all the batched transactions, which gets posted on-chain. This can greatly increase throughput, making zk-rollups particularly valuable for applications like DeFi, gaming, and other high-frequency use cases.

zk-Compression: This is a newer concept that applies zk-proofs to reduce the size of specific on-chain data, like historical data or large data sets, rather than bundling transactions. zk-compression could be more versatile for data-heavy applications, such as NFT metadata or private data verification, by reducing the storage burden on the blockchain.

Coinbase's BASE is an optimistic rollup. Obviously it works great - based on the results so far.

Per ChatGPT:

Generally, zk-rollups can achieve higher TPS than optimistic rollups, primarily due to their use of zero-knowledge proofs for fast, on-chain verification without a challenge period.

zk-Rollups typical TPS Range: 2,000-4,000
Optimistic Rollups typical TPS Range: 500 - 2,000

Buterin envisions Ethereum reaching 100,000 TPS in the not too distant future. For reference, VISA's average operational load is apparently 1,700-2,000 TPS globally.

I know Jump Crypto's Solana Firedancer aims for 1 million TPS. Cardano, Tezos, Ethereum, Algoran, etc. have all had lofty goals of 1 million and even 1.5 million TPS. Bitcoin's L2 Lighting Network also aimed for 1 million TPS. However to date it has seen limited traction due to complexity of use, liquidity issues, security concerns, price volatility, and integration challenges.

BTW, pretty shady of Jump Crypto to sell off a ton of ETH to influence the price while simultaneously developing Fire Dancer for Solana. Seems like a shady outfit. They were also involved in the Terra Luna fiasco.

https://finance.yahoo.com/news/jump-crypto-faces-sec-scrutiny-055136135.html

https://www.reddit.com/r/CryptoCurrency/comments/1ek2cpe/recent_selling_pressure_is_reportedly_due_to/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 27, 2024, 04:02:08 AM
Obsidian - very few Eth'ers are as loyal as you. They are inherently a "chase the next hot thing" type investor, which is of course why many bought ETH as opposed to BTC in the first place. This mentality and disloyalty, is exactly what is now causing the sell off of Eth into Sol. Many seem to take alt gains, using BTC as their base and long term value store, and then buy Sol and a smattering of alts and memes etc in the hope of outperforming BTC for a period of time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 27, 2024, 10:26:07 AM
I don't pay too much attention to these types of articles, but these 2 caught my eye and seem to be aligned with a continued Eth decline:

https://bitcoinist.com/ethereum-eth-crash-to-1600-heres-what-to-expect-from-eth-in-november-2024/

https://www.cointribune.com/en/bitcoin-without-rival-ethereum-collapses/

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 27, 2024, 10:58:00 AM
Quote from: gib on October 27, 2024, 04:02:08 AM
Obsidian - very few Eth'ers are as loyal as you. They are inherently a "chase the next hot thing" type investor, which is of course why many bought ETH as opposed to BTC in the first place. This mentality and disloyalty, is exactly what is now causing the sell off of Eth into Sol. Many seem to take alt gains, using BTC as their base and long term value store, and then buy Sol and a smattering of alts and memes etc in the hope of outperforming BTC for a period of time.
Complete BS gib. You are desperate for the small Bitcoin project with few developers and little influence in DEFI to be the only blockchain project for the world. It's laughable. Bitcoin is dyno tech and has questionable long-term viability in the face of decreasing miner rewards. A few rockets or grenades here and there would decimate mining complexes. It will become a security risk in the future.

There's close to 35 million ETH locked up in staking. You can't stake ETH that you sold. So where are these sellers. You have questionable entities like Jump Trading selling ETH. And Grayscale ETH ETF outflows due to the higher sales. Ethereum is not getting the constant press that Bitcoin is. And there's lots of FUD directed at ETH. Bitcoin maxis feel threatened by Ethereum. It's possible there are more long-term ETH holders than BTC holders.

Here's a chart that shows the increase in ETH staking over the years.

There are many long-term holders of ETH.

You forget that Solana crashed to $8. It is still a long way off from its ATH. The gains with Solana looks so great because it crashed so hard after the FTX-debacle.

Here's Solana's performance compared to Coinbase's BASE. It will probably have more crashes and failed transactions in its future. The chain is over 150 TB and counting. It keeps too much info stored in the chain. Hence the need for ZK Compression. Once the meme-coin mania dies down we'll see how Solana does.

(https://s1.gifyu.com/images/SOCxT.gif)

https://beaconcha.in/charts/staked_ether

https://cryptoslate.com/insights/long-term-ethereum-holders-reach-new-high/

Long-term Ethereum holders reach new high

Ethereum’s HODL Waves chart illustrates the distribution of held Ethereum over various time periods, indicating shifting trends in holding behavior among investors. The chart shows a noticeable concentration of Ethereum held for one to three years, signaling a significant amount of Ethereum acquired during the 2021-2022 period is still being held. The 1-2 year and 2-3 year bands reflect these holdings, comprising a substantial portion of the overall supply.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 27, 2024, 11:09:22 AM
Quote from: gib on October 27, 2024, 10:26:07 AM
I don't pay too much attention to these types of articles, but these 2 caught my eye and seem to be aligned with a continued Eth decline:

https://bitcoinist.com/ethereum-eth-crash-to-1600-heres-what-to-expect-from-eth-in-november-2024/

https://www.cointribune.com/en/bitcoin-without-rival-ethereum-collapses/
What do you expect from a site with the domain name bitcoinist?! LMAO! Of course they want ETH to crash down to $1,600!

Look at the attached chart. Is that "GIB-LINE" possible? We already have the "MAYDAY-LINE". Now Getbig has the "GIB-LINE"!  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 27, 2024, 11:19:32 AM
Quote from: obsidian on October 27, 2024, 10:58:00 AM
Complete BS gib. You are desperate for the small Bitcoin project with few developers and little influence in DEFI to be the only blockchain project for the world. It's laughable. Bitcoin is dyno tech and has questionable long-term viability in the face of decreasing miner rewards. A few rockets or grenades here and there would decimate mining complexes. It will become a security risk in the future.

There's close to 35 million ETH locked up in staking. You can't stake ETH that you sold. So where are these sellers. You have questionable entities like Jump Trading selling ETH. And Grayscale ETH ETF outflows due to the higher sales. Ethereum is not getting the constant press that Bitcoin is. And there's lots of FUD directed at ETH. Bitcoin maxis feel threatened by Ethereum. It's possible there are more long-term ETH holders than BTC holders.

Here's a chart that shows the increase in ETH staking over the years.

There are many long-term holders of ETH.

You forget that Solana crashed to $8. It is still a long way off from its ATH. The gains with Solana looks so great because it crashed so hard after the FTX-debacle.

Here's Solana's performance compared to Coinbase's BASE. It will probably have more crashes and failed transactions in its future. The chain is over 150 TB and counting. It keeps too much info stored in the chain. Hence the need for ZK Compression. Once the meme-coin mania dies down we'll see how Solana does.

(https://s1.gifyu.com/images/SOCxT.gif)

https://beaconcha.in/charts/staked_ether

https://cryptoslate.com/insights/long-term-ethereum-holders-reach-new-high/

Long-term Ethereum holders reach new high

Ethereum’s HODL Waves chart illustrates the distribution of held Ethereum over various time periods, indicating shifting trends in holding behavior among investors. The chart shows a noticeable concentration of Ethereum held for one to three years, signaling a significant amount of Ethereum acquired during the 2021-2022 period is still being held. The 1-2 year and 2-3 year bands reflect these holdings, comprising a substantial portion of the overall supply.

BTC's strength is its core and rock solid simplicity and clarity. Unlike Eth which is a behoegm Frankenstein Jack-of-all trades.

BTC miners are all over the world - virtually impossible to knock them all out, and if any go offline the algo either adjusts, or more miners come in due to basic capitalism.

As for eth being locked up, not sure this makes much of a difference. It only takes a few days to unlock, but even it not, those who are selling need to find a buyer. And with less buyers, comes a decline in price.

BTC maxies were not so much threatened by Eth as bemused and annoyed. But either way, time has cured any possible risk of Eth ever being a realistic risk to the core function of BTC. If anything, they now feel a bit sorry for ETH holders, but in many ways, it really is their own fault - I don't feel sorry for them, except of course for any friends on a personal level. (For example I know one guy who moved 90% into ETC, from 100% BTC, thinking ETH would 4x alpha BTC this cycle. Well, that of course didn't happen...

To clear I am not a fan of Sol either. I consider both lacking actual use cases other than trading alts and memes, which basically is just one big circle jerk which will fizzle out in time. But in the short term, I think its quite clear that ETH value will flow into BTC and SOL.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 27, 2024, 01:35:59 PM
Quote from: gib on October 27, 2024, 11:19:32 AM
As for eth being locked up, not sure this makes much of a difference. It only takes a few days to unlock, but even it not, those who are selling need to find a buyer. And with less buyers, comes a decline in price.
It takes a few days to unstake, yet the trend has been for more ETH to be staked since the switch to POS. Close to 35 million ETH staked right now. They are planning to lower the hardware requirements to stake. 1 ETH and allow staking on mobile phones. That will create incredible decentralization.

Solana staking requires a behemoth of a machine. The SOL inflation is 6-7%.

I sold some BNB a while back and opted out of using Solana to send the USDC from one exchange to another. I went with Avalanche. $1 fee and it went from one exchange to the other in less than 1 minute. The dollar funds were in my bank account in 1 day. From BNB to stablecoins to bank account - $1 and 1 day.

Why did I not use Solana?

https://www.reddit.com/r/BinanceUS/comments/1bd2x72/transferring_usdc_from_binanceus_to_coinbase/

Transferring USDC from Binance.US to Coinbase

This morning I initiated a transfer of USDC from Binance.us to Coinbase on the Solana Network. It’s been about 5 hours and I still see that the withdrawal on Binance.US is “pending” with 0/1 confirmations still.

The wallet address is correct and I’m not seeing anything that would justify this long of a delay.

Does anyone have any insight here? Support takes forever and I’m currently waiting in the queue with a wait time of 6 hours.

Reply below:

UrNs0 8mo ago

Sol network is congested, try Polygon. I never have issues with that one.

I use Kraken too and my SOL xfers were failing on there also. Took about 4 tries to go through.

(https://s1.gifyu.com/images/SOCxT.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 27, 2024, 01:39:22 PM
Quote from: gib on October 27, 2024, 11:19:32 AM
BTC miners are all over the world - virtually impossible to knock them all out, and if any go offline the algo either adjusts, or more miners come in due to basic capitalism.
You would not have to knock them all out. Just enough to control 51% of the hash rate.

BTC mining will become centralized. A few mining facilities will control more than 51% of the network. BTC home miners will disappear since it is cheaper to buy BTC vs mining BTC.

An attacker could blow up or cut the power of a few large mining facilities and then bring online their own miners to capture 51% of the hash rate. It is currently more expensive and time consuming to attack ETH vs Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 27, 2024, 01:42:41 PM
Quote from: gib on October 27, 2024, 11:19:32 AM
BTC maxies were not so much threatened by Eth as bemused and annoyed.
Don't worry gib, there's still time before the flippening  :D ;D

https://ultrasound.money/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 27, 2024, 02:06:05 PM
Quote from: obsidian on October 27, 2024, 11:09:22 AM
What do you expect from a site with the domain name bitcoinist?! LMAO! Of course they want ETH to crash down to $1,600!

Look at the attached chart. Is that "GIB-LINE" possible? We already have the "MAYDAY-LINE". Now Getbig has the "GIB-LINE"!  ;D

That’s your line.

You don’t have my next numbers nor do you know what my bullish scenario is.

I’m just waiting for the outcome of the US election.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 27, 2024, 02:08:56 PM
Quote from: Mayday on October 27, 2024, 02:06:05 PM
That’s your line.

You don’t have my next numbers nor do you know what my bullish scenario is.

I’m just waiting for the outcome of the US election.
I know, it was a joke! But I will keep referring to the MAYDAY-LINE, which shows cryptos trending to zero!  :D ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 27, 2024, 02:58:49 PM
Quote from: obsidian on October 27, 2024, 02:08:56 PM
I know, it was a joke! But I will keep referring to the MAYDAY-LINE, which shows cryptos trending to zero!  :D ;D

Ha ha, yes I had almost forgotten about that :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on October 27, 2024, 03:49:54 PM
Quote from: obsidian on October 27, 2024, 02:08:56 PM
I know, it was a joke! But I will keep referring to the MAYDAY-LINE, which shows cryptos trending to zero!  :D ;D

Whatever floats your boat with your line.

It’s all down to interpretation. Like that chart you just posted where the line is different to my interpretation.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 28, 2024, 02:05:19 AM
Quote from: gib on October 26, 2024, 02:19:59 AM
And in other news, ETH just hit another 3 year low to BTC, now below .037 BTC to one Eth. I believe we will soon get to .036 (as in the next month), if the systemic devline trend which I believe is in place, continues.

3 year low continues. Eth has indeed fallen further to BTC. Now .036 BTC to one Eth.

Obsidian - to my other question, for any new money you have (putting aside the Eth you mined), would you at least not put that into BTC, even if just for a little diversification and/or hedging to protect against a continuation of the gradual Eth decline trend?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on October 28, 2024, 03:05:47 AM
Quote from: gib on October 28, 2024, 02:05:19 AM
3 year low continues. Eth has indeed fallen further to BTC. Now .036 BTC to one Eth.

Obsidian - to my other question, for any new money you have (putting aside the Eth you mined), would you at least not put that into BTC, even if just for a little diversification and/or hedging to protect against a continuation of the gradual Eth decline trend?
BTC could potentially gain more. I might rotate in some when / if a reversal occurs. Saylor hoped BTC would reach 80% dominance. Well, it's closing in on 60% dominance.

Interesting post below. I agree. The meme coin craze could cool down after the election.

https://coinmarketcap.com/academy/article/nic-carter-links-meme-coin-surge-to-secs-regulatory-stance

Nic Carter Links Meme Coin Surge to SEC's Regulatory Stance

Industry leaders are pointing to the correlation between the rise of meme cryptocurrencies and the staunch regulatory approach from the U.S. Securities and Exchange Commission (SEC). Some argue that the current explosion in meme coins may be more than just speculative fever—it could be a form of digital protest against the increasing regulatory constraints.

Columbia Business School professor Omid Malekan weighed in, saying the phenomenon constitutes a form of "economic populism" in response to the present regulatory environment. Nic Carter, founder of Castle Island Ventures, echoed this sentiment, saying the uptick in speculative assets was due directly to what he described as an "oppressive SEC regime."

This is especially timely, as betting markets give the chances of a Republican victory at 50% in the elections. Such a political turn of events might dramatically change the crypto landscape, with the return of global token launches and airdrops—and, consequently, lower the appeal of meme coins.

They pointed out that some regulatory measures, such as geographical restrictions and VPN banning, have actually spurred investors into embracing these unconventional crypto assets. On the other hand, presumed regulatory changes are unlikely to get rid of these kinds of meme coins completely.

Carter suggested that there will always be some baseline level of interest in meme coins, and while regulatory reform might reduce their popularity, it wouldn’t make them disappear from view.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on October 28, 2024, 03:28:28 AM
Quote from: obsidian on October 28, 2024, 03:05:47 AM
Industry leaders are pointing to the correlation between the rise of meme cryptocurrencies and the staunch regulatory approach from the U.S. Securities and Exchange Commission (SEC). Some argue that the current explosion in meme coins may be more than just speculative fever—it could be a form of digital protest against the increasing regulatory constraints.
[/b]

Those "leaders" are clueless. The meme coin explosion is mostly down to people being sick of being dumped on and lied to by VCs and VC backed Altcoins. Plus it requires far less work, basically none to research a meme coin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on October 28, 2024, 05:49:38 AM
To me the meme coin surge just comes down to opportunistic scammers taking advantage of naive people who don't understand economics or finance. It will die down when enough people have been burned. Natural selection crypto Darwinism...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 01, 2024, 02:06:43 AM
Quote from: gib on September 01, 2024, 11:32:06 PM


At the time I wrote this, the Eth to BTC ratio was around 0.055 (ie - one eth bought you 0.055 of a BTC). Now that ratio is 0.043). Eth was already down 24% to BTC over the year at that time. It's now down 33%, and is at a year to date, one year, 2 year, and 3 year, low to BTC in comparative value.

So, we have now are touching the bottom end of my 35-50% decline prediction, passing a 30% decline, and as I said, I expect that decline to increase over time.

It should now be very obvious to all that we are in the "1 step forwards, 2 steps back" pattern for Eth, with no end in sight which I can realistically foresee.

I could certainly imagine a scenario where all "crypto" sharply drops for a period of time (with BTC dropping the least) as well as one where BTC sharply rises (with Eth being left behind and rising far less that BTC). Both scenarios would of course widen the BTC / Eth ratio decline if this was to occur.

Either way, whether this "slow death" of ETH continues just a as a slow bleed or whether its decline curve starts to accelerate at some point is not yet clear, but what I would say is to move your remaining value of any Eth into BTC if you are looking for long term store of value, and into Sol if you want some exposure to de-gen speculation further on down the infinitely dilutive spectrum of shitcoins.

Obsidian - we are all here to ultimately help each other, and I know you are a smart guy. Why not just DCA Eth to BTC a little each day/week, to at least balance out your exposure not to mention salvage what you have? (I know you mentioned tax, but I still think ultimately you should consider, and a smart guy like you should easily be able out to figure out a way to do this which does not result in your money being stolen).

This may be one of this "rip off the band-aid" moments - you know you need to do it, and it's gonna hurt a little either way you do it, fast or slow.


Just a little halloween update. Eth hit a new 3 year low to BTC, with the Eth to BTC ratio hitting a new low of 0.036. Its a spookily terrible performance against BTC over the last 3 years.

I expect that as we approach the next surge towards BTC 74K that ratio of Eth to BTC might fall even to 0.035 (and that this could well happen this month). And maybe even 0.034 by end of year.

Obsidian - could you answer the question - for any new money you get, if you had to invest that now, looking for gains say over the next 4 years, would you really be putting it into any alt as opposed to BTC?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on November 01, 2024, 02:31:52 AM
Quote from: gib on November 01, 2024, 02:06:43 AM
Just a little halloween update. Eth hit a new 3 year low to BTC, with the Eth to BTC ratio hitting a new low of 0.036. Its a spookily terrible performance against BTC over the last 3 years.

I expect that as we approach the next surge towards BTC 74K that ratio of Eth to BTC might fall even to 0.035 (and that this could well happen this month). And maybe even 0.034 by end of year.

Obsidian - could you answer the question - for any new money you get, if you had to invest that now, looking for gains say over the next 4 years, would you really be putting it into any alt as opposed to BTC?

Well over 100k by March 2024, right? :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 01, 2024, 02:37:01 AM
Quote from: affeman on November 01, 2024, 02:31:52 AM
Well over 100k by March 2024, right? :D

Well you got that wrong. It did not hit 100k by March 2024, but it was a good prediction.  Although obviously, directionally it will move to 100K over time.

What you need to do is simply zoom out and take a long term approach. When BTC hits 1m, it will be mostly irrelevant what the exact month was that 100K was reached. Just zoom out, see the big picture and HODL and you will thrive.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on November 01, 2024, 04:50:43 AM
Keep stacking satoshis!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 01, 2024, 01:16:30 PM
Quote from: gib on November 01, 2024, 02:06:43 AM
Just a little halloween update. Eth hit a new 3 year low to BTC, with the Eth to BTC ratio hitting a new low of 0.036. Its a spookily terrible performance against BTC over the last 3 years.

I expect that as we approach the next surge towards BTC 74K that ratio of Eth to BTC might fall even to 0.035 (and that this could well happen this month). And maybe even 0.034 by end of year.

Obsidian - could you answer the question - for any new money you get, if you had to invest that now, looking for gains say over the next 4 years, would you really be putting it into any alt as opposed to BTC?
I won't put any new money into crypto. I'll cash out some if the market really rockets and then hold some of those gains to the side in stable coins in case the market crashes again. Then I'll accumulate more crypto. Perhaps BTC. We'll see what happens. In hindsight I should have sold everything in 2021, taken the capital gains tax hit, and then bought back in at the bottom. 2021 was my second bull run so I was still a newbie.

The current BTC lead over ETH is short term noise IMO. I don't think it will hold long term. I could be wrong, but that's my view.

I have said before, yes, BTC could still outperform ETH in the short term.

GIB, look at this GIB-LINE - from 2015-present. Some might argue those are higher lows.  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 01, 2024, 01:25:06 PM
Here's ChatGPT's answers regarding the long-term sustainability of the Bitcoin security model.

Is there a concern regarding Bitcoin's security model 12-24 years from now - after multiple halvings?

Yes, there are security concerns for Bitcoin in the distant future, particularly regarding its reliance on block subsidies, which decrease with each halving every four years. Here’s why this might be an issue:

1. Decreasing Block Rewards: Bitcoin’s security model depends on miner incentives, currently a mix of transaction fees and block rewards (newly minted bitcoins). Every four years, the block reward halves, reducing the total Bitcoin supply that can be mined. By around 2140, all 21 million Bitcoins will have been mined, and miners will rely solely on transaction fees for revenue. This process will significantly reduce miner earnings long before then.

2. Potential Drop in Mining Incentives: If transaction fees don’t sufficiently replace the lost block rewards, miners could leave the network, reducing its hashrate and making it easier for attackers to gain control of 51% of the network’s computational power. This would threaten Bitcoin’s security, as a reduced hashrate makes it less costly for bad actors to perform double-spend attacks or manipulate transaction order.

3. Rising Transaction Fees: To offset the loss of block rewards, transaction fees would need to increase significantly. However, if fees become prohibitively high, Bitcoin could lose its appeal as a cost-effective way to transfer value, limiting its adoption and potentially reducing its use to only high-value transactions.

4. Possible Solutions and Changes: While this scenario is a concern, there are potential paths forward:
   - Increased Transaction Volume: Scaling solutions like the Lightning Network could boost transaction volume on Bitcoin’s main layer, resulting in more transaction fees for miners. However, the success of these solutions is not guaranteed.
   - Protocol Changes: Some developers have considered alternatives, like adjusting Bitcoin’s monetary policy or implementing other incentives for miners, though such changes would be highly controversial.
   
This security challenge is still many years away, but it raises valid questions about Bitcoin’s long-term viability as the block reward diminishes.

Why would there be many BTC transactions if Bitcoin is a store of value and supposed to be held indefinitely?

That's a great question, and it highlights one of the central tensions in Bitcoin’s design as both a store of value and a transactional network. If Bitcoin is largely used as a store of value, there might indeed be fewer transactions over time, which could pose issues for the long-term sustainability of its security model. Here’s how this plays out:

1. Low Transaction Volume and Security Funding: If people mostly "HODL" Bitcoin, treating it like digital gold, the number of transactions on the network could remain low. Without a sufficient volume of transactions, the fees that miners rely on for income could be too low to maintain network security as block rewards decline.

2. Security vs. Store-of-Value Use Case: Bitcoin’s design aims to balance its function as a secure, decentralized currency with the demand for it to be a store of value. Ideally, Bitcoin could remain valuable and secure while also supporting enough transactions to incentivize miners, but this balance is tricky, especially if most users prefer holding over transacting.

3. Layer 2 Solutions: Layer 2 solutions like the Lightning Network could help increase transaction volume by enabling smaller, faster payments off-chain while only periodically settling on the main blockchain. These solutions are designed to facilitate many small transactions, potentially encouraging more frequent use of Bitcoin for everyday payments. Still, for this approach to benefit miners, there would need to be significant adoption of these solutions, and some volume would still need to settle on the main chain to generate fees.

4. Future Network Utility: If Bitcoin’s utility grows beyond being only a store of value—such as being integrated into various financial systems or used as collateral in digital finance—it could naturally increase transaction volume. The vision of Bitcoin as "programmable money" opens up possibilities that may drive demand for mainchain transactions over the long term.

5. Rising Transaction Fees for Final Settlement: Even if Bitcoin is mainly a store of value, large holders and institutions might periodically move coins for rebalancing, trading, or collateral purposes. The idea is that as the supply of block rewards decreases, Bitcoin could evolve into a settlement layer, where users are willing to pay higher fees for secure, infrequent final settlement, while smaller, everyday transactions occur off-chain.

The reality is that Bitcoin’s community and developers are aware of this issue and are experimenting with potential solutions. However, without a high enough transaction volume or alternative miner incentives, it remains an open question how Bitcoin will secure its network over the long haul as block rewards dwindle.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 01, 2024, 01:32:13 PM
Ethereum Blobs Are ‘Insanely Bullish” For ETH Price: Breakthrough Research

Tim Robinson, Head of Crypto Research at BlueYard Capital, has unveiled groundbreaking simulations indicating that Ethereum’s implementation of “blobs” could be exceptionally bullish for the long-term price of ETH. In a series of posts on X, Robinson highlighted how blobs could revolutionize Ethereum’s scalability and economic dynamics.

“Many people arguing about blobs, but so far no one has simulated how they respond to demand… until now,” Robinson stated. “TL;DR: Blobs are insanely bullish for ETH long term.”

Why Blobs Are ‘Insanely Bullish’ For Ethereum Price

Blobs, introduced in Ethereum Improvement Proposal (EIP)-4844, are large data structures designed to enhance the network’s capacity by efficiently storing and processing data off-chain. This mechanism is pivotal for Layer 2 (L2) scaling solutions, enabling them to offer lower transaction fees while maintaining security through Ethereum’s consensus.

Robinson’s simulation projects Ethereum operating at 10,000 transactions per second (TPS), burning 6.5% of its total ETH supply annually, with L2 transactions costing an average of $0.06. This scenario involves 16 MB of blobs per block, aligning with Ethereum co-founder Vitalik Buterin’s medium-term goals outlined in his latest “The Surge” post.

“Yes, that’s Ethereum operating at 10k TPS, burning 6.5% a year while L2 transactions cost an average of $0.06, with 16 MB of blobs per block,” Robinson elaborated. “You thought L2’s were parasitic and Vitalik didn’t think this through? Ah, sweet summer child, little do you realize how insane this will get when the Ethereum ecosystem really kicks into high gear.”

A key insight from Robinson’s research is the rapid escalation of ETH burning as blob usage increases. “It’s interesting how quickly blobs go from being free to burning a ton of ETH. It seems almost everyone doesn’t understand this tipping point. It also makes me think there might be a better pricing mechanism,” he observed.

Robinson provides a simulation tool illustrating the ETH burn rate‘s exponential growth as TPS scales from the current ~180 TPS to 400 TPS. The data shows burned ETH increasing from roughly 4 ETH per day to 1,832 ETH per day.

"Another interesting feedback loop is the lower the ETH price, the higher the burn! As transaction prices are lower, more transactions are made, and the burn soars. See how different the burn is with ETH at $2k vs ETH at $10k:"

https://www.tradingview.com/news/newsbtc:524270866094b:0-ethereum-blobs-are-insanely-bullish-for-eth-price-breakthrough-research/

https://ethereum-blob-simulator.netlify.app/

(https://pbs.twimg.com/media/GbDbnShbQAEA9so?format=jpg&name=small)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 01, 2024, 01:37:10 PM
https://dailyhodl.com/2024/10/31/ethereum-in-the-final-innings-of-downtrend-against-bitcoin-says-top-analyst-benjamin-cowen-heres-his-outlook/

Ethereum in the Final Innings of Downtrend Against Bitcoin, Says Top Analyst Benjamin Cowen – Here’s His Outlook

A widely followed crypto analyst says that Ethereum (ETH) is in the final stages of its decline against Bitcoin (BTC).

In a new strategy session, crypto trader Benjamin Cowen tells his 819,000 YouTube subscribers that based on historical patterns, the top altcoin appears as if it’s about to break out against the crypto king.

According to Cowen, ETH/BTC tends to find its bottom two to three months after losing its support level, a move the analyst says should happen soon, though he did not specify a date.

“If you look at ETH/BTC normally, [it] would bottom within two to three months of breaking down from [its] support levels. This is when it would bottom and it’s got to be getting close, I think it’s got to be getting close, I don’t know exactly when it’s going to occur, but I think it’s going to happen relatively soon.”

Cowen goes on to note that Ethereum is in the final leg of its downtrend because Bitcoin’s dominance level (BTC.D) – or the ratio between the market cap of BTC versus the market cap of all crypto assets combined – is going to reverse course.

“My guess is in a year, ETH/BTC is going to be a lot higher than [what it is now], that’s my guess in the short term, maybe it goes down a little bit more but I do think in a year it’s going to be much higher…

I think a lot of people have given up on ETH against Bitcoin when this is a perfectly normal pattern that it has completed two times before, and this will likely be the third time it goes through this pattern. So because I think ETH/BTC is in the final Innings of its downtrend, I think Bitcoin dominance is in the final Innings of its uptrend.”

Bitcon’s dominance level is currently sitting at 60.14% while ETH/BTC is valued at 0.036, a 1.58% decrease during the last 24 hours.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 02, 2024, 03:43:05 AM
UBS Launches Ethereum-Based Tokenized Investment Fund uMINT

The Union Bank of Switzerland (UBS) has introduced a new digital finance advancement by releasing the “UBS USD Money Market Investment Fund Token” (uMINT), a money market fund developed on the Ethereum blockchain.

Headquartered in Zurich, UBS is a global leader in wealth management, with $5.7 trillion in managed assets as of Q4 2023 following its acquisition of Credit Suisse. The bank operates across more than 50 markets, offering diversified asset management solutions and investment banking capabilities.

https://coingape.com/ubs-launches-ethereum-based-tokenized-investment-fund-umint/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 03, 2024, 01:51:48 AM
Quote from: obsidian on November 01, 2024, 01:37:10 PM

Ethereum in the Final Innings of Downtrend Against Bitcoin, Says Top Analyst Benjamin Cowen – Here’s His Outlook

A widely followed crypto analyst says that Ethereum (ETH) is in the final stages of its decline against Bitcoin (BTC).

In a new strategy session, crypto trader Benjamin Cowen tells his 819,000 YouTube subscribers that based on historical patterns, the top altcoin appears as if it’s about to break out against the crypto king.

According to Cowen, ETH/BTC tends to find its bottom two to three months after losing its support level, a move the analyst says should happen soon, though he did not specify a date.

“If you look at ETH/BTC normally, [it] would bottom within two to three months of breaking down from [its] support levels. This is when it would bottom and it’s got to be getting close, I think it’s got to be getting close, I don’t know exactly when it’s going to occur, but I think it’s going to happen relatively soon.”

Cowen goes on to note that Ethereum is in the final leg of its downtrend because Bitcoin’s dominance level (BTC.D) – or the ratio between the market cap of BTC versus the market cap of all crypto assets combined – is going to reverse course.

“My guess is in a year, ETH/BTC is going to be a lot higher than [what it is now], that’s my guess in the short term, maybe it goes down a little bit more but I do think in a year it’s going to be much higher…

I think a lot of people have given up on ETH against Bitcoin when this is a perfectly normal pattern that it has completed two times before, and this will likely be the third time it goes through this pattern. So because I think ETH/BTC is in the final Innings of its downtrend, I think Bitcoin dominance is in the final Innings of its uptrend.”

Bitcon’s dominance level is currently sitting at 60.14% while ETH/BTC is valued at 0.036, a 1.58% decrease during the last 24 hours.


The funny thing about these type of predictions (which we have consistently seen over the last 3 years of ETH's decline vs BTC) is that they almost have the exact same format - Eth has all sort of technical improvements on the way, a story about an Eth real use case in the finance world, and then a "prediction" that we are not quite at the bottom, but "nearly there".

What I keep trying to emphasize is that BTC has a real use case, which attracts money, being that it is the dominant and king of decentralized digital wealth.

Eth, by contrast, whilst it does have some uses (one major use being to trade other rather useless alts), and some potential uses with defi and smart contracts, no longer competes with what BTC was invented for. And so, for the uses ETH does have, to the extent such functions are even really even used, don't necessarily correlate to any type of measurable intrinsic value (or at least if they did, such value would not come close to the what the current Eth market cap currently is).

The big boys of wall street, the HNWs and family offices et - we all know this. We benefit from converging on a single store of digital wealth controlled by no-one, vs an alt that was 70% pre-mined, lead by a unicorn shirt-wearing idiot savant which is constantly being tinkered with, and to which there are an infinite number of alts.

How nice it would be if money could be infinitely printed for all - unfortunately this is not the case. This was the dilemma I grappled with at the very outset of my BTC journey. That is - that there is an infinite number of BTC imitations which can be created, and if so, so why does BTC have value? I reconciled this with the understanding that for BTC succeed, we must (and there must) be an inevitable collective gravitation to a single blockchain as our global store of digital wealth. I concluded that the blockchain chosen for this purpose would be Bitcoin. In doing that, I considered many factors, before finally deciding that it would be BTC which would succeed in this goal. And so far, that decision has been the correct one.

I would urge all here to really think this though before investing in any kind of non-BTC coin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: blackpele on November 03, 2024, 03:45:56 PM
I have high hopes for ETH, even though the past 2 yrs have been a bit tough.
I really like the Elliott wave method of analysis.
So I think the ETH/BTC pair will bottom around the 0.031 level and then it will start rising, however if it breaks the 0.01615 mark, I do not think is coming back....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 03, 2024, 07:31:54 PM
Quote from: gib on November 03, 2024, 01:51:48 AM

How nice it would be if money could be infinitely printed for all - unfortunately this is not the case. .

It can be printed and has been done for thousands of years.

It’s like the purchasing power argument. People get emotional damage when they see the loss over 100yrs yet fail to comprehend their home is heated, cooled, 10x larger than 1920, they have 3 cars, get food delivered and so on.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 04, 2024, 02:28:26 AM
Quote from: Mayday on November 03, 2024, 07:31:54 PM
It can be printed and has been done for thousands of years.

It’s like the purchasing power argument. People get emotional damage when they see the loss over 100yrs yet fail to comprehend their home is heated, cooled, 10x larger than 1920, they have 3 cars, get food delivered and so on.

Should be obvious what I meant, but let me reword to be super clear:

How nice it would be if money could be infinitely printed for all, without any consequential impact to the value of that money - unfortunately this is not the case.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 04, 2024, 12:14:30 PM
Quote from: gib on November 04, 2024, 02:28:26 AM
Should be obvious what I meant, but let me reword to be super clear:

How nice it would be if money could be infinitely printed for all, without any consequential impact to the value of that money - unfortunately this is not the case.

Ahh ok, just a throw away line,

Yes, I would love it if someone gave me 5M.

Inheritance is what many wait for but people live a loooong time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 04, 2024, 02:28:56 PM
Quote from: gib on November 03, 2024, 01:51:48 AM
What I keep trying to emphasize is that BTC has a real use case, which attracts money, being that it is the dominant and king of decentralized digital wealth.
Ethereum has a lot more use cases than Bitcoin. How you can even claim otherwise is hilarious. I am sitting here thinking WTF GIB?! Damn!

UBS and BlackRock issued tokenized funds on Ethereum in 2024. Not Bitcoin. You want to know why? Because it can't be done on Bitcoin. You would need many years of upgrades and scores of developers to make it feasible.

Sony announced an Ethereum L2 in 2024. There have been so many Ethereum announcements in 2024 that all the FUD is kind of surprising!

Bitcoin has had an easy ride the past few years. We'll see how it ends though in a decade or more. The Bitcoin mining system simply does not work as mining rewards dwindle. Even if you have free electricity you are better off buying BTC vs mining it. The ASIC machines are expensive and are made obsolete soon as newer models become available. The end result is the ASIC devices never pay for itself and become useless paper weights. Unlike GPUs they can't do anything else except being a paper weight or recycled.

https://finance.yahoo.com/news/5-7t-banking-giant-ubs-082728059.html

Mon, November 4, 2024

$5.7T Banking Giant UBS Launches First Tokenized Fund on Ethereum

Global financial powerhouse UBS Asset Management launched its first tokenized investment fund on the Ethereum blockchain. This is a major stride for the traditional finance sector toward mainstream adoption of blockchain technology.

The new product, dubbed the UBS USD Money Market Investment Fund Token, abbreviated as 'uMINT,' is a strategic move for the Swiss banking giant, which currently manages over $5.7 trillion in assets. The fund will be available through select distribution partners that bridge conventional banking to digital innovation.

The launch is part of a broader strategy under the bank's own tokenization platform, UBS Tokenize, focused on digitizing traditional capital market instruments like bonds, funds, and structured products. The move follows UBS's successful pilot program in Singapore last year to test a tokenized Variable Capital Company fund.

Thomas Kaegi, UBS Asset Management Asia-Pacific co-head, said: "We have seen growing investor appetite for tokenized financial assets across asset classes. Through leveraging our global capabilities and collaborating with peers and regulators, we can now provide clients with an innovative solution.”

The banking institution’s blockchain strategy consists of public and private networks, aiming to smoothen the process of issuance and distribution of funds. This follows several traditional financial giants that have forayed into the digital asset sector. Franklin Templeton launched its U.S. Government Money Fund on Coinbase's Base network, while BlackRock’s BUIDL is live on the Ethereum blockchain.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 05, 2024, 03:38:45 AM
Quote from: obsidian on November 04, 2024, 02:28:56 PM
Ethereum has a lot more use cases than Bitcoin. How you can even claim otherwise is hilarious. I am sitting here thinking WTF GIB?! Damn!

UBS and BlackRock issued tokenized funds on Ethereum in 2024. Not Bitcoin. You want to know why? Because it can't be done on Bitcoin. You would need many years of upgrades and scores of developers to make it feasible.

Sony announced an Ethereum L2 in 2024. There have been so many Ethereum announcements in 2024 that all the FUD is kind of surprising!

Bitcoin has had an easy ride the past few years. We'll see how it ends though in a decade or more. The Bitcoin mining system simply does not work as mining rewards dwindle. Even if you have free electricity you are better off buying BTC vs mining it. The ASIC machines are expensive and are made obsolete soon as newer models become available. The end result is the ASIC devices never pay for itself and become useless paper weights. Unlike GPUs they can't do anything else except being a paper weight or recycled.

https://finance.yahoo.com/news/5-7t-banking-giant-ubs-082728059.html

Mon, November 4, 2024

$5.7T Banking Giant UBS Launches First Tokenized Fund on Ethereum

Global financial powerhouse UBS Asset Management launched its first tokenized investment fund on the Ethereum blockchain. This is a major stride for the traditional finance sector toward mainstream adoption of blockchain technology.

The new product, dubbed the UBS USD Money Market Investment Fund Token, abbreviated as 'uMINT,' is a strategic move for the Swiss banking giant, which currently manages over $5.7 trillion in assets. The fund will be available through select distribution partners that bridge conventional banking to digital innovation.

The launch is part of a broader strategy under the bank's own tokenization platform, UBS Tokenize, focused on digitizing traditional capital market instruments like bonds, funds, and structured products. The move follows UBS's successful pilot program in Singapore last year to test a tokenized Variable Capital Company fund.

Thomas Kaegi, UBS Asset Management Asia-Pacific co-head, said: "We have seen growing investor appetite for tokenized financial assets across asset classes. Through leveraging our global capabilities and collaborating with peers and regulators, we can now provide clients with an innovative solution.”

The banking institution’s blockchain strategy consists of public and private networks, aiming to smoothen the process of issuance and distribution of funds. This follows several traditional financial giants that have forayed into the digital asset sector. Franklin Templeton launched its U.S. Government Money Fund on Coinbase's Base network, while BlackRock’s BUIDL is live on the Ethereum blockchain.

What I mean is that BTC's use case is clear. And its clear how that gives it value. Essentially, if your use case is that you are the decentralized global replacement for fiat devaluation, that is a BIG use case which attracts (obviously) huge exchanges of money for BTC.

Yes, ETH has some uses, that is for sure - but how such uses justify its current value is far more difficult to calculate and justify.

Regarding ETH, there is also a very positive development you may have missed, in Asia - see here: https://www.dbs.com/newsroom/DBS_rolls_out_blockchain_powered_banking_for_institutions_with_DBS_Token_Services_marks_new_milestone_in_financial_services



 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 05, 2024, 03:44:38 AM
Quote from: gib on November 01, 2024, 02:06:43 AM
Just a little halloween update. Eth hit a new 3 year low to BTC, with the Eth to BTC ratio hitting a new low of 0.036. Its a spookily terrible performance against BTC over the last 3 years.

I expect that as we approach the next surge towards BTC 74K that ratio of Eth to BTC might fall even to 0.035 (and that this could well happen this month). And maybe even 0.034 by end of year.


Well, as I predicted, (and it happened faster that even I expected), ETH is indeed now again at a new 3 year low to BTC, now at 0.035 BTC to one ETH. Its an absolutely appalling performance of Eth to BTC over the last 3 years. Lets see what happens on the election lead-up and also post-election. I think falling further to 0.034 to BTC by year end is still likely - lets see. Some volatility ahead for sure - quite possibly some upside for BTC over the next 6 months I would think. (Possibly all alts too - lets see...)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 05, 2024, 06:52:32 AM
Quote from: gib on November 05, 2024, 03:38:45 AM
What I mean is that BTC's use case is clear. And its clear how that gives it value. Essentially, if your use case is that you are the decentralized global replacement for fiat devaluation, that is a BIG use case which attracts (obviously) huge exchanges of money for BTC.

Yes, ETH has some uses, that is for sure - but how such uses justify its current value is far more difficult to calculate and justify.

Regarding ETH, there is also a very positive development you may have missed, in Asia - see here: https://www.dbs.com/newsroom/DBS_rolls_out_blockchain_powered_banking_for_institutions_with_DBS_Token_Services_marks_new_milestone_in_financial_services
You know my opinion. ETH and many other alts are undervalued relative to BTC. ETH was over $4,800 3 years ago and it is a much more mature and developed project now than it was back then. And the dollar has devalued quite a bit since then.

Gensler helped the case for BTC by declaring it a commodity and failing to make a determination on ETH when pressed. That's ok. The US will become less relevant on the global stage. It's almost bankrupt. It is time for the crypto markets to ignore whatever decisions the US government makes.

I am guessing cryptos including Bitcoin crashed because people are unsure about Trump's chances in this election. BTC crashed to $67k yesterday. It's trending up now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 05, 2024, 06:53:42 AM
https://insidebitcoins.com/news/michigan-makes-history-as-first-state-pension-fund-to-invest-in-spot-ethereum-etfs-via-grayscale

Michigan Makes History As First State Pension Fund To Invest In Spot Ethereum ETFs Via Grayscale

The State of Michigan Retirement System (SMRS) has become the first state pension fund to invest in spot Ethereum ETFs (exchange-traded funds) after it bought shares in two Grayscale investment products.

In a filing with the US Securities and Exchange Commission (SEC), the SMRS disclosed that it holds 460,000 shares in Grayscale’s Ethereum Trust (ETHE), valued at over $10 million, and the same number of shares in Grayscale’s mini Ethereum Trust (ETH), worth more than $1.12 million.

Following the disclosure, the SMRS has become one of the top 5 holders of ETHE and ETH shares.

”Not only did Michigan’s pension buy Ether ETFs but they bought more then they did of bitcoin ETFs, $10m vs $7m,” said Bloomberg ETF analyst Eric Balchunas in a Nov. 4 post on X. ”This despite btc being up a ton and ether in the gutter. Pretty big win for ether which could use one.”
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 05, 2024, 08:24:40 AM
Quote from: obsidian on November 05, 2024, 06:53:42 AM
https://insidebitcoins.com/news/michigan-makes-history-as-first-state-pension-fund-to-invest-in-spot-ethereum-etfs-via-grayscale

Michigan Makes History As First State Pension Fund To Invest In Spot Ethereum ETFs Via Grayscale

The State of Michigan Retirement System (SMRS) has become the first state pension fund to invest in spot Ethereum ETFs (exchange-traded funds) after it bought shares in two Grayscale investment products.

In a filing with the US Securities and Exchange Commission (SEC), the SMRS disclosed that it holds 460,000 shares in Grayscale’s Ethereum Trust (ETHE), valued at over $10 million, and the same number of shares in Grayscale’s mini Ethereum Trust (ETH), worth more than $1.12 million.

Following the disclosure, the SMRS has become one of the top 5 holders of ETHE and ETH shares.

”Not only did Michigan’s pension buy Ether ETFs but they bought more then they did of bitcoin ETFs, $10m vs $7m,” said Bloomberg ETF analyst Eric Balchunas in a Nov. 4 post on X. ”This despite btc being up a ton and ether in the gutter. Pretty big win for ether which could use one.”

Good news for ETH, although I would say it would be very irresponsible if they held ETH in a greater proportion than BTC. Pension funds are very conservative, and so even a BTC holding would be highly scrutinized. So, I would guess that they already held a chunk of BTC, and that this latest purchase was a "top up" of BTC and their first buy of ETH.

On a related note, UK pension fund also just added BTC. Amazing this stuff is really happening. We are still so so early...

https://finance.yahoo.com/news/uk-pension-fund-makes-historic-081255403.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 05, 2024, 11:50:10 AM
Quote from: obsidian on November 05, 2024, 06:52:32 AM
. And the dollar has devalued quite a bit since then.

I am guessing cryptos including Bitcoin crashed because people are unsure about Trump's chances in this election. BTC crashed to $67k yesterday. It's up now.

US Money Supply has been in contraction for a couple of years, currently around -6% from peak.

Average expansion for prior cycles was ballpark +18% but last cycle hit over 50% and it was the worst gains BTC had experienced, it also broke prior rules of not dropping lower than prior peak prices during the bear market.

DXY is currently +40% higher now vs when it began.

This is the first time Bitcoin has run a bull market during a money supply contraction.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 05, 2024, 12:02:30 PM
Quote from: Mayday on November 05, 2024, 11:50:10 AM
US Money Supply has been in contraction for a couple of years, currently around -6% from peak.

Average expansion for prior cycles was ballpark +18% but last cycle hit over 50% and it was the worst gains BTC had experienced, it also broke prior rules of not dropping lower than prior peak prices during the bear market.

DXY is currently +40% higher now vs when it began.

This is the first time Bitcoin has run a bull market during a money supply contraction.

Very slight - M2 was around 22T in 2022, and now around 21T in 2024. But that came after a massive increase in 2020 from about 15T to 20T. BTC, apart from macro factors, continues to benefit purely from on-going adoption which is still in the early phases. Lets see what 2025-2026 brings and if money printer starts to go brrrrrrrr again...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 05, 2024, 02:46:39 PM
Quote from: gib on November 05, 2024, 12:02:30 PM
Very slight - M2 was around 22T in 2022, and now around 21T in 2024. But that came after a massive increase in 2020 from about 15T to 20T. BTC, apart from macro factors, continues to benefit purely from on-going adoption which is still in the early phases. Lets see what 2025-2026 brings and if money printer starts to go brrrrrrrr again...

Well, we all interpret data differently.

I would like to see Saylor buy a few billion right here. Signal to everybody it’s all going to moon.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on November 05, 2024, 07:35:37 PM
BTC New all time high!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on November 05, 2024, 07:41:27 PM
Quote from: SouJerz on November 05, 2024, 07:35:37 PM
BTC New all time high!!

(https://pbs.twimg.com/media/DeXhPojX0AEAKYo.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 05, 2024, 08:05:10 PM
Tapped 75k…..

That damn 76k of mine is proving to be an absolute bastard of a target isn’t it 😂

X filled with so much euphoric bragging right now they’re all forgetting they need to keep buying. Someone hit market buy already!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on November 05, 2024, 09:46:12 PM
Bitcoin up 7% clearly in anticipation of a Trump win.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on November 06, 2024, 03:44:40 AM
DOGE up 85% on the month
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on November 06, 2024, 04:17:56 AM
Stocks, bond yields and bitcoin surge as Trump wins US election
https://apnews.com/article/stock-markets-rates-china-93421462d761eb1402d813cb381fe6e9

(https://foreignpolicy.com/wp-content/uploads/2016/03/gettyimages-483208412.jpg?w=800?quality=90)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on November 06, 2024, 04:53:59 AM
😂
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 06, 2024, 05:05:11 AM
Quote from: Mayday on November 05, 2024, 08:05:10 PM
Tapped 75k…..

That damn 76k of mine is proving to be an absolute bastard of a target isn’t it 😂

X filled with so much euphoric bragging right now they’re all forgetting they need to keep buying. Someone hit market buy already!!!

So no more 'well below 40k' and 'bear market' prediction?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on November 06, 2024, 05:12:40 AM
😂
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on November 06, 2024, 06:06:14 AM
Quote from: SouJerz on November 05, 2024, 07:35:37 PM
BTC New all time high!!

Quote from: SouJerz on November 06, 2024, 04:53:59 AM
😂

Quote from: SouJerz on November 06, 2024, 05:12:40 AM
😂

Quote
BTC $100K by March, 2024

(https://www.getbig.com/boards/index.php?action=dlattach;topic=574601.0;attach=1536973;image)

Quote
BTC > $100K right after April 2024 halving. If not, then by September - October 2024

(https://www.getbig.com/boards/index.php?action=dlattach;topic=574601.0;attach=1537060;image)

 :D

(https://www.getbig.com/boards/index.php?action=dlattach;topic=574601.0;attach=1537073;image)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on November 06, 2024, 06:21:40 AM
Keep stacking satoshis!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 06, 2024, 11:39:16 AM
A few quick thoughts. When BTC is 1m, these movements (which seem big in the current perspective), will be almost unnoticeable blips on the graph.

Having said that, it is of course always nice to hit a new ATH, but we have so much more to come.

I have had a few PMs asking me about what price to buy, and any alts to recommend. I don't have time to respond, but would urge anyone with those questions, just to post it on this thread - no need to be shy!

So, what price to buy BTC at? I would say, its far more important just to buy (and HODL) than to try to predict will it fall back below 70, 69, 65, or whatever. Hodl time really is the cure of any BTC purchase which goes underwater for a period of time.

I have been buying regularly since 3K, and as of now not a single satoshi is underwater. So, if on my next buy I buy at 75, and it drops under, I don't worry in the slightest.

As to why are only some alts pumping, not others, I would say the biggest moves would be around solid alts where there may have been concern about regulatory breaches. That includes Uniswap, Filecoin as good examples. And of course the smaller and more useless alts and memes etc all get a boost from BTC's rise also - a rising tide float all boats (although eventually, a broken boat will sink even in a rising tide...)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 06, 2024, 12:07:28 PM
Quote from: Griffith on November 06, 2024, 05:05:11 AM
So no more 'well below 40k' and 'bear market' prediction?

I don’t give moves anymore as it didn’t benefit anyone. Yes I have been bearish since the first peak and price went down for half a year, did you miss alts getting obliterated where you can buy -95% down? I’m already in position and posted that along saying a peak in October this year many times, it’s seasonality, doesn’t mean price moons indefinitely.

People lack patience. My target was 76k and we got 73.8k and 75.9k. It needs to break it and go 79k. The higher we get now, the higher we go next year and that is more important than what lows we might see. FWIW I am not selling here.

I got the election outcome wrong so outcomes will change 🤷
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on November 06, 2024, 12:13:20 PM
lol you spell “I WAS WRONG”. Really funny
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on November 06, 2024, 12:14:10 PM
New ATH 76,096
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 06, 2024, 12:18:34 PM
Quote from: Mayday on November 06, 2024, 12:07:28 PM
I don’t give moves anymore as it didn’t benefit anyone. Yes I have been bearish since the first peak and price went down for half a year, did you miss alts getting obliterated where you can buy -95% down? I’m already in position and posted that along saying a peak in October this year many times, it’s seasonality, doesn’t mean price moons indefinitely.

People lack patience. My target was 76k and we got 73.8k and 75.9k. It needs to break it and go 79k. The higher we get now, the higher we go next year and that is more important than what lows we might see. FWIW I am not selling here.

I got the election outcome wrong so outcomes will change 🤷

Well we just hit your 76, my man!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 06, 2024, 12:19:49 PM
If we get to 79, this could be our first ever btc godcandle.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on November 06, 2024, 12:22:16 PM
Quote from: Mayday on June 22, 2024, 01:25:04 PM
What does the 200 mean? Should that tell us something?

Sorry, I’m unsure what it is you are pointing out.


That’s when I will be right and you will be wrong.  😂

Today is day 201 since April 19th 2024 when bitcoin last halved. And we hit a new ATH that’s what happens historically 200 days post bitcoin halving.  Remeber mayday there are 2 wolves and they are both wrong.  😂
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on November 06, 2024, 12:23:17 PM
Quote from: gib on November 06, 2024, 12:18:34 PM
Well we just hit your 76, my man!

KEEP STACKING SATOSHIS!!! 201 days post halving NEW ATH!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 06, 2024, 12:31:22 PM
My MSTR is now up over 800% from purchase price. Insane! Wish I had bought more...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 06, 2024, 12:49:19 PM
Quote from: gib on November 06, 2024, 12:18:34 PM
Well we just hit your 76, my man!

76,176!

knocked below straight away but just need that buy pressure to keep up a little linger to get above and stay there  🥳
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on November 06, 2024, 12:57:35 PM
Quote from: SouJerz on November 06, 2024, 12:22:16 PM

That’s when I will be right and you will be wrong.  😂

Today is day 201 since April 19th 2024 when bitcoin last halved. And we hit a new ATH that’s what happens historically 200 days post bitcoin halving.  Remeber mayday there are 2 wolves and they are both wrong.  😂

Crickets.  So surprising.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 06, 2024, 01:15:26 PM
Quote from: Mayday on November 06, 2024, 12:49:19 PM
76,176!

knocked below straight away but just need that buy pressure to keep up a little linger to get above and stay there  🥳

I am actually going to buy a little more BTC now just to support the cause. :) Will unfortunately not be enough to move the market lol.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on November 06, 2024, 01:43:20 PM
🤣
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 06, 2024, 06:54:24 PM
Gotta give my boy ETH some props. At least he has woken up a bit. Still needs to come out of the long slumber...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 07, 2024, 01:54:02 AM
Quote from: obsidian on November 06, 2024, 06:54:24 PM
Gotta give my boy ETH some props. At least he has woken up a bit. Still needs to come out of the long slumber...

Well done Obsidian - must be some welcome relief! Lets see if this is the exact crossover point (and if so, you picked it perfectly).

My guess, is that we will still see the downside trend vs BTC after this short term upward blip - but lets see! As we both agree, time will tell...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 07, 2024, 05:37:34 AM
(https://pbs.twimg.com/media/GbuoZbuXwAULb3X?format=jpg&name=medium)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 07, 2024, 09:49:46 AM
MayDay, do you concede now that I was right about MSTR?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on November 07, 2024, 10:12:43 AM
Quote from: gib on November 07, 2024, 09:49:46 AM
MayDay, do you concede now that I was right about MSTR?


BAHAHAHAHA gib there are TWO wolves inside you and BOTH are wrong!!

But hell yeah MSTR and BTC new ATH!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 07, 2024, 10:29:34 AM
Quote from: gib on November 06, 2024, 01:15:26 PM
I am actually going to buy a little more BTC now just to support the cause. :) Will unfortunately not be enough to move the market lol.

Even those sats I bought in yesterday's ATH rally are as of just now now higher. I may need to buy just a touch more to celebrate. :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 07, 2024, 10:49:13 AM
76,537.21USD - NEW ATH!                                                                                       76,537.21USD - NEW ATH!
                                                                                         
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on November 07, 2024, 01:00:24 PM
76,981!


Keep stacking satoshis!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 07, 2024, 01:02:21 PM
come on 77!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on November 07, 2024, 01:21:47 PM
Quote
BTC $100K by March, 2024

(https://www.getbig.com/boards/index.php?action=dlattach;topic=574601.0;attach=1536973;image)

Quote
BTC > $100K right after April 2024 halving. If not, then by September - October 2024

(https://www.getbig.com/boards/index.php?action=dlattach;topic=574601.0;attach=1537060;image)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 07, 2024, 04:36:20 PM
Quote from: gib on November 07, 2024, 01:54:02 AM
Well done Obsidian - must be some welcome relief! Lets see if this is the exact crossover point (and if so, you picked it perfectly).

My guess, is that we will still see the downside trend vs BTC after this short term upward blip - but lets see! As we both agree, time will tell...
Thank you GIB. ETH still has a long way to go. I will be happy if it goes back to ATH and beyond. It is starting to knock on $3,000 again!

Congratulations on Bitcoin's performance! It has been amazing and BTC has a lot of room to go up in value. Especially if governments officially declare strategic BTC reserves.

I will try to hold back some cash to accumulate Bitcoin if we see a major correction in the future. Perhaps 1 BTC as a start.  ;D

I saw a wild, speculative comment online that BTC will go to $500,000 this cycle and ETH $100,000!

These are fantasy numbers but it could eventually end up there a few years from now. 5:1 ratio sounds a bit high. I'd be ok with 8:1. ETH would have to be at $9,500 right now if BTC was at $76,000. I'll admit that sounds out of reach in the foreseeable future.

Solana and Doge also have a lot of room to grow. Doge is far off it's ATH. Doge has a high inflation, holding the token's value back a bit. But the inflation will come down annually. Still, Doge might reach $1. That's 5X from where it is now, but only around 1.36X from its ATH. Perhaps Solana can reach $1,000 this cycle. If SOL goes to $1,000, ETH needs to visit at least $15,000 to equal Solana's gains. We've seen that smaller market caps don't always guarantee higher returns - so we'll see.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on November 07, 2024, 05:13:55 PM
If you think BTC is going up and going to get close to golds market cap that would put 1 BTC at around $800,000.00 so you don’t need 1 BTC you just need to turn any amount of dollars into SATOSHIS!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 07, 2024, 06:13:32 PM
Quote from: SouJerz on November 07, 2024, 05:13:55 PM
If you think BTC is going up and going to get close to golds market cap that would put 1 BTC at around $800,000.00 so you don’t need 1 BTC you just need to turn any amount of dollars into SATOSHIS!!!
I would do a crypto for crypto trade. At the current ETH/BTC ratio I am not interested in selling ETH and buying BTC. I would consider selling some ETH well beyond the previous ATH price, taking some off the table for personal profit, and then holding some of the cash in a stablecoin on an exchange earning interest. If there is a major correction where BTC and alts go south as it's done countless times, I would use the stablecoins to convert into BTC. Of course history does not have to repeat. But it is possible that we'll see major corrections beyond 2025. BTC went from $18,500 to $3,000 in 2017, then $65,000 to $16,000 in 2021. Who's to say a drawdown like those can't happen again?

Look at 2021 as an example. ETH peaked at $4,800. If I sold ETH near the top, I could have bought 1 BTC in 2022 with a little over 3 ETH that I sold in 2021. 3 ETH for 1 BTC is a hell of a lot better than 20 ETH for 1 BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 07, 2024, 06:16:11 PM
Quote from: gib on November 07, 2024, 09:49:46 AM
MayDay, do you concede now that I was right about MSTR?

I already said Saylor was a legend so far but it was about this peak and next bear. He survived the bear, awesome! He has since doubled down, I hope he wins because it’d be the most awesome statue worthy move.

Does no one realise I bought the bottom, sold the 1st top, bought the 2nd bottom and are in position ??? I said I would t give all movements because I only copped flack for it 😂

When we go over 100k this year like 99% guaranteed, we can agree I got this cycle horrifically wrong. I said 76k, we are at 76k and I said a peak in October is seasonal….  Price hasn’t destroyed my model yet, go above 100k this year and it will be. Unless Saylor does something really dumb, over 100k this year he likely is one of the greatest players of all time.

We could say over 100k this year and I delete my account. Under 100k this year and delete yours?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 07, 2024, 06:21:16 PM
Quote from: Mayday on November 07, 2024, 06:16:11 PM
I already said Saylor was a legend so far but it was about this peak and next bear. He survived the bear, awesome! He has since doubled down, I hope he wins because it’d be the most awesome statue worthy move.

Does no one realise I bought the bottom, sold the 1st top, bought the 2nd bottom and are in position ??? I said I would t give all movements because I only copped flack for it 😂

When we go over 100k this year like 99% guaranteed, we can agree I got this cycle horrifically wrong. I said 76k, we are at 76k and I said a peak in October is seasonal….  Price hasn’t destroyed my model yet, go above 100k this year and it will be. Unless Saylor does something really dumb, over 100k this year he likely is one of the greatest players of all time.

We could say over 100k this year and I delete my account. Under 100k this year and delete yours?
What's crazy is even if BTC went to $1 million Elon would still have more money than Saylor. Unless his stock also goes up by that much. Then again Tesla stock has also turned bullish.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 08, 2024, 01:32:06 AM
Quote from: obsidian on November 07, 2024, 06:21:16 PM
What's crazy is even if BTC went to $1 million Elon would still have more money than Saylor. Unless his stock also goes up by that much. Then again Tesla stock has also turned bullish.

Remember, MSTR is a leveraged play on BTC. And apart from that, its value is ultimately driven by shareholders (who may not necessarily be rational in how they value MSTR. That needs to be offset with bearing in mind that Saylor only owns part of MSTR, but also factored in that he also owns a lot of BTC personally. So, in summary, hard to calculate.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on November 08, 2024, 05:58:00 AM
Quote from: gib on November 08, 2024, 01:32:06 AM
Remember, MSTR is a leveraged play on BTC. And apart from that, its value is ultimately driven by shareholders (who may not necessarily be rational in how they value MSTR. That needs to be offset with bearing in mind that Saylor only owns part of MSTR, but also factored in that he also owns a lot of BTC personally. So, in summary, hard to calculate.

So of the 200,000 BTC MSTR holds SAYLOR personally holds more on top of that or a portion of those 200,000 BTC belong to saylor?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 08, 2024, 06:40:12 AM
Quote from: SouJerz on November 08, 2024, 05:58:00 AM
So of the 200,000 BTC MSTR holds SAYLOR personally holds more on top of that or a portion of those 200,000 BTC belong to saylor?

He is on record for saying that he personally owns 17772 BTCs, on top of the shares he owns in MSTR. These are his major assets along with his mansion, and of course a limited amount of cash holdings and smaller holdings in various companies.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 08, 2024, 07:42:00 AM
https://bitcoinmagazine.com/markets/michael-saylor-announces-he-owns-1-billion-in-bitcoin-personally
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 08, 2024, 10:43:36 AM
;D 77,000.00  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 08, 2024, 11:41:57 AM
https://dailyhodl.com/2024/11/08/investor-dan-tapiero-says-ethereum-is-too-cheap-predicts-eth-will-explode-by-over-171-heres-his-timeline/

Investor Dan Tapiero Says Ethereum Is Too Cheap, Predicts ETH Will Explode by Over 171% – Here’s His Timeline

Macro investor and fund manager Dan Tapiero believes Ethereum (ETH) is severely undervalued in the current market.

The CEO of investment firm 10T Holdings tells his 120,000 followers on the social media platform X that ETH could soar by 171% from its current value as decentralized finance (DeFi) crypto projects built on its blockchain could flourish under pro-crypto US President Donald Trump.

Trump, who is expected to take office in January 2025, has promised to fire the chair of the US Securities and Exchange Commission (SEC), Gary Gensler, who is largely seen as being anti-crypto.

“Ethereum too cheap. Gonna explode from here. Gensler and Co. killed DeFi in the US in ’22-24. Not killed now. Long live US DeFi. Break of $4,000 going over $8,000 in the next year.”

He predicts that Ethereum will remain a strong ecosystem due to the amount of current network usage. He also shares a chart showing that ETH is holding the 100-day moving average on the daily timeframe as support, a bullish signal.

“Silly chart stuff but can’t resist. Ethereum about to launch. It’s just too cheap here. Ignore the chirping on X. It’s achieved network effect. Core asset of digital asset ecosystem along with BTC.”
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 08, 2024, 11:45:15 AM
https://cryptoslate.com/staking-could-lower-fees-and-boost-interest-in-ethereum-etfs-analyst-claims/

Staking could lower fees and boost interest in Ethereum ETFs, analyst claims
Staking could enable Ether ETFs to offer near-zero management fees, attracting more investors and solidifying Ethereum's network.

Staking could significantly boost the flow of investments into US-traded Ethereum exchange-traded funds (ETFs), according to Tom Wan, a former crypto analyst with 21.co.

On Nov. 7, Wan pointed out that staking could help the funds reduce management fees, increase the overall amount of Ethereum staked, and provide more substantial incentives for investors.

Wan noted that the absence of staking in Ethereum ETFs is currently a barrier to their success. Staking could be a “game changer,” enabling these ETFs to compete more effectively with Bitcoin ETFs.

No US-based Ethereum ETFs currently include staking due to regulatory concerns. The US Securities and Exchange Commission (SEC) has raised questions over whether staking services could be considered unregistered securities offerings.

However, several analysts have indicated that the ETFs would significantly benefit from staking—a process that allows investors to lock up their Ethereum to validate transactions and earn rewards.

https://cointelegraph.com/news/trump-presidency-first-staked-ether-etf-nansen-analyst

Trump win could fast-track first staked Ether ETF — Nansen analyst
More Ether-related ETFs could help ETH prices rise above the old all-time high of $4,800, recorded nearly three years ago.

Donald Trump’s victory in the United States presidential election on Nov. 5 could pave the way for more diversified cryptocurrency financial products — specifically for the world’s second-largest cryptocurrency, Ether.

Trump won the presidential election held on Nov. 5, which is seen as a net positive for crypto regulations over the next four years.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 08, 2024, 11:48:15 AM
Quote from: gib on November 08, 2024, 06:40:12 AM
He is on record for saying that he personally owns 17772 BTCs, on top of the shares he owns in MSTR. These are his major assets along with his mansion, and of course a limited amount of cash holdings and smaller holdings in various companies.
Musk's net worth is approaching $300 billion. 220,000 BTC @ $1million / BTC is $220 billion.

I wonder how much BTC Musk has?

https://www.nasdaq.com/articles/which-cryptocurrencies-does-elon-musk-own

Which Cryptocurrencies Does Elon Musk Own?
At The B Word conference in June 2021, Elon Musk said that he supports Bitcoin. He also revealed that Tesla might start accepting payments in Bitcoin again. The SpaceX and Tesla CEO further said that Bitcoin could be used for economic empowerment.

As revealed in his tweets and with confirmation at the conference, Elon Musk revealed he owns three cryptocurrencies:

Bitcoin
Ethereum
Dogecoin
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 08, 2024, 12:56:45 PM
Quote from: obsidian on November 08, 2024, 11:41:57 AM
https://dailyhodl.com/2024/11/08/investor-dan-tapiero-says-ethereum-is-too-cheap-predicts-eth-will-explode-by-over-171-heres-his-timeline/

Investor Dan Tapiero Says Ethereum Is Too Cheap, Predicts ETH Will Explode by Over 171% – Here’s His Timeline

Macro investor and fund manager Dan Tapiero believes Ethereum (ETH) is severely undervalued in the current market.

The CEO of investment firm 10T Holdings tells his 120,000 followers on the social media platform X that ETH could soar by 171% from its current value as decentralized finance (DeFi) crypto projects built on its blockchain could flourish under pro-crypto US President Donald Trump.

Trump, who is expected to take office in January 2025, has promised to fire the chair of the US Securities and Exchange Commission (SEC), Gary Gensler, who is largely seen as being anti-crypto.

“Ethereum too cheap. Gonna explode from here. Gensler and Co. killed DeFi in the US in ’22-24. Not killed now. Long live US DeFi. Break of $4,000 going over $8,000 in the next year.”

He predicts that Ethereum will remain a strong ecosystem due to the amount of current network usage. He also shares a chart showing that ETH is holding the 100-day moving average on the daily timeframe as support, a bullish signal.

“Silly chart stuff but can’t resist. Ethereum about to launch. It’s just too cheap here. Ignore the chirping on X. It’s achieved network effect. Core asset of digital asset ecosystem along with BTC.”

He didn't provide a single detail of how one would calculate the fundamental value of ETH.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 08, 2024, 12:58:20 PM
Quote from: obsidian on November 08, 2024, 11:48:15 AM
Musk's net worth is approaching $300 billion. 220,000 BTC @ $1million / BTC is $220 billion.

I wonder how much BTC Musk has?

https://www.nasdaq.com/articles/which-cryptocurrencies-does-elon-musk-own

Which Cryptocurrencies Does Elon Musk Own?
At The B Word conference in June 2021, Elon Musk said that he supports Bitcoin. He also revealed that Tesla might start accepting payments in Bitcoin again. The SpaceX and Tesla CEO further said that Bitcoin could be used for economic empowerment.

As revealed in his tweets and with confirmation at the conference, Elon Musk revealed he owns three cryptocurrencies:

Bitcoin
Ethereum
Dogecoin

Would be interesting to know, although I doubt we will ever find out for sure. (As for what Tesla holds, that of course needs to be disclosed). Concerns me that he still has DOGE...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on November 09, 2024, 05:35:19 AM
ETH 3,061.20 first time over 3K since August 1st.  Now let’s see if ETH can make up some ground on BTC.  I remember a year ago in January when BTC was just starting to rumble out of 28k-30k I calculated converting my ETH into BTC and the best ratio was at .06  ETH/BTC  it now stands at .04 I never did pull the trigger because the conversion would have forced me to pay capital gains taxes.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 09, 2024, 10:41:38 AM
Quote from: gib on November 08, 2024, 12:56:45 PM
He didn't provide a single detail of how one would calculate the fundamental value of ETH.
How do you calculate the fundamental value of BTC?

You forget that ETH was already over $4,800 in 2021. That's more than the $3,200-$3,400 you paid for BTC in 2019. People were willing to pay that much for ETH in 2021! And $4,000 for ETH earlier in 2024.

Also consider that the dollar has further devalued since 2021. For what reason should ETH devalue more than the dollar, when it's inflation rate alone is much less than the USD, and it offers staking rewards on top of that?! Never mind all the growing use cases.

Note that BTC's ATH in 2021 was around $68,000. Guess how much that is now in 2024? $79,000. So, the purchasing power of BTC in dollar terms has still not recovered to the 2021 levels. ETH needs to rise to at least $5,585 right now for it to match it's 2021 ATH purchasing power.

I don't see why cryptos should lose value against a shitcoin like the dollar. Almost all have better tokenomics.

https://www.usinflationcalculator.com/

We will hit $36 trillion soon. Total unfunded liabilities is at $220 trillion.

https://www.usdebtclock.org/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 09, 2024, 10:51:06 AM
Quote from: SouJerz on November 09, 2024, 05:35:19 AM
ETH 3,061.20 first time over 3K since August 1st.  Now let’s see if ETH can make up some ground on BTC.  I remember a year ago in January when BTC was just starting to rumble out of 28k-30k I calculated converting my ETH into BTC and the best ratio was at .06  ETH/BTC  it now stands at .04 I never did pull the trigger because the conversion would have forced me to pay capital gains taxes.
If I sold 3.22 ETH @ $4,896 in 2021 I could have bought 1 BTC @ $15,795 in 2022 with those funds. 1/3.22 = 0.31

That's how you do it. You don't trade from one crypto to another. You sell an asset near ATH, and then wait for the dump, and then buy the other asset near the bottom. That's if you have perfect timing, luck, and understanding of how it works. .04 or .06 does not impress me at all. I don't see an ETH/BTC ratio of 20:1, 16:1 or even 12:1 as fair value. How about a 3:1 ratio. That I'll take!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 09, 2024, 12:05:35 PM
I have used AVAX to transfer stablecoins. Worked amazingly well. Tokenomics could be better, but it does have a capped max supply.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on November 09, 2024, 07:07:13 PM
Quote from: obsidian on November 09, 2024, 10:51:06 AM
If I sold 3.22 ETH @ $4,896 in 2021 I could have bought 1 BTC @ $15,795 in 2022 with those funds. 1/3.22 = 0.31

That's how you do it. You don't trade from one crypto to another. You sell an asset near ATH, and then wait for the dump, and then buy the other asset near the bottom. That's if you have perfect timing, luck, and understanding of how it works. .04 or .06 does not impress me at all. I don't see an ETH/BTC ratio of 20:1, 16:1 or even 12:1 as fair value. How about a 3:1 ratio. That I'll take!

Maybe you’re right but right now you are wrong.  The only thing that continues to happen is the ratio between Bitcoin and ether keeps dropping and dropping and dropping.  Do you think we can even get back to .06?


Again I have some ETH more BTC though so I want both to do well. And I do foresee ETH going up in value over time but I also see BTC going up in value over time.  The biggest question is does ether ever get back or even close to .06 ratio?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 09, 2024, 08:08:45 PM
Quote from: SouJerz on November 09, 2024, 07:07:13 PM
Maybe you’re right but right now you are wrong.  The only thing that continues to happen is the ratio between Bitcoin and ether keeps dropping and dropping and dropping.  Do you think we can even get back to .06?


Again I have some ETH more BTC though so I want both to do well. And I do foresee ETH going up in value over time but I also see BTC going up in value over time.  The biggest question is does ether ever get back or even close to .06 ratio?
You're not wrong if you don't sell. I have more ETH now than I had in 2021. That's my yardstick. I would rather see ETH go to zero than trade 20 or more ETH for BTC  ;D I don't like those ratios and don't think that's a fair trade. 1:3 or perhaps 1:6 will work for me. The BTC:ETH ratio might never get there but it is possible to do it if you time the markets right and have patience.

Long term Bitcoin's security model is questionable.

Even now, it is cheaper to buy than to mine BTC. Miners are constantly chasing the price, trying to get it for cheaper. But most never do. They end up with a lot of work, paperweight hardware, big utility bills and some BTC that they might have to sell to cover their expenses.

https://en.macromicro.me/charts/29435/bitcoin-production-total-cost

You can buy the fastest miner available right now. You'll be in the red after 1 year of mining and be better off just buying BTC. But of course somebody has to mine BTC to secure the network...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on November 09, 2024, 09:47:48 PM
79,788 NEW ATH!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 10, 2024, 12:46:46 AM
(https://pbs.twimg.com/media/Gb-fD6vacAA07wA?format=jpg&name=large)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on November 10, 2024, 06:48:13 AM
https://x.com/alifarhat79/status/1855581745745145875 (https://x.com/alifarhat79/status/1855581745745145875)


80,137!!!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 10, 2024, 10:16:16 AM
80888.88
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 10, 2024, 11:24:11 AM
Quote from: gib on November 10, 2024, 10:16:16 AM
80888.88

76k absolutely defeated.

Other patterns which needed to be broken now are aswell.

If we repeat history it would mean
If 2021 we go 116k this month
If 2013 we go 130k by end Jan 2025
If 2017 we go 150k by end Mar 2025

Inauguration 20th Jan.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Andy Griffin on November 10, 2024, 12:00:54 PM
Quote from: gib on November 10, 2024, 10:16:16 AM
80888.88

Moonbag looking good
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 10, 2024, 11:25:10 PM
Where is that guy that was pleading for people to sell at around $50K?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 11, 2024, 05:56:23 AM
Quote from: Flexacon on November 10, 2024, 11:25:10 PM
Where is that guy that was pleading for people to sell at around $50K?

So much easier just to buy and hodl isn't it.

I know so guy who trades like a maniac, in and out, short and longs, alts and shitcoinery, icos, NFTS, etc, knows all the lingo for technical analysis, does maco analysis etc - sometimes goes on 18 hour trading binges... Would be so much more profitable for him simply just to buy BTC, hodl, and then enjoy is day doing other productive things. With BTC, is one of those few things where active effort does not really matter. What does matter is getting into the market, and then patiently remaining in the market over time. Anyone who did that when this thread started would now be over 20x up, and 200x up when BTC hits 800K.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 11, 2024, 06:35:20 AM
MSTR up 10% to $300 per share in pre-market trade.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 11, 2024, 07:37:05 AM
83333.33
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 11, 2024, 08:25:54 AM
84,444,44
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on November 11, 2024, 08:41:14 AM
84,999.98!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 11, 2024, 11:04:59 AM
Imagine if we saw our first ever BTC God-Candle today. We are about a half god candle on the day so far.

I am so happy by the way, for every GetBigger who understood the importance of BTC early on during this thread. GetBig not only entertained us - it also made many of us significantly wealthier.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 11, 2024, 11:09:29 AM
85858.85
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 11, 2024, 11:14:08 AM
Quote from: obsidian on November 09, 2024, 10:41:38 AM
How do you calculate the fundamental value of BTC?


BTC has no intrinsic value. That's the point. Its value is based entirely on supply and demand as the world's centralized store of value. So the value is calculated as a function of demand vs supply.

Alts on the other hand are not BTC, and they are unlimited in supply. Hence unless they have some calculatable intrinsic value, they go to zero over time...

There are some rare exceptions - Filecoin as an example, does have a value which can be ascertained, as the service it enables actually makes it money. Same with Uni-swap. Therefore these are not "alts" in that they are not alternatives to BTC. But rather securities in a venture.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 11, 2024, 11:20:18 AM
Quote from: obsidian on November 09, 2024, 10:41:38 AM

I don't see why cryptos should lose value against a shitcoin like the dollar. Almost all have better tokenomics.

https://www.usinflationcalculator.com/

We will hit $36 trillion soon. Total unfunded liabilities is at $220 trillion.

https://www.usdebtclock.org/

Agree about the dollar. However, you are missing one crucial point (you as so so close to getting it, and you will do so in the end). Alts ae not finite in supply - they are infinite.  For the vast vast majority their only really purpose is to separate you from your Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Lartinos on November 11, 2024, 11:25:28 AM
People have been shorting this whole rise, I’ve slowly selling since we swung the ATH above 74 and I still have some left.

I don’t see much weakness yet, but it could happen quickly.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 11, 2024, 11:43:37 AM
Quote from: Lartinos on November 11, 2024, 11:25:28 AM
People have been shorting this whole rise, I’ve slowly selling since we swung the ATH above 74 and I still have some left.

I don’t see much weakness yet, but it could happen quickly.

You should be slowly buying, not slowly selling - you will regret every single sat sold in the future...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on November 11, 2024, 12:48:37 PM
Keep stacking satoshis!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on November 11, 2024, 01:18:29 PM
Quote from: Lartinos on November 11, 2024, 11:25:28 AM
People have been shorting this whole rise, I’ve slowly selling since we swung the ATH above 74 and I still have some left.

I don’t see much weakness yet, but it could happen quickly.

Everyone “gets it” at the price they deserve.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 11, 2024, 04:08:59 PM
It's getting crazy now. Doge is up 214.44% the past 30 days. It fluctuates of course. Doge ATH was $0.753 on 5/7/2021. Another 200% move and we're at $1.05. How high will it go if the D.O.G.E department is created?

https://dogedepartment.com/
https://www.benzinga.com/trading-ideas/movers/24/11/41871148/dogecoin-swells-29-becomes-sixth-largest-crypto-as-investors-await-elon-musk-headed-doge-department-under-trump

(https://dogedepartment.com/wp-content/uploads/2024/09/DOGE-MUSK-TRUMP-1-1536x828.png)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on November 11, 2024, 06:21:31 PM
462 pages of banter    from $5,000  to $89,000...... and the take away is "how about buying this shit coin?"
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 11, 2024, 11:21:10 PM
Quote from: SouJerz on November 11, 2024, 06:21:31 PM
462 pages of banter    from $5,000  to $89,000...... and the take away is "how about buying this shit coin?"

Lol you are so right. Well some people listened - I had had a number of "thank you" messages in the part. I suspect GetBig has made more than a few genuine millionaires out of its members, which is pretty cool.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 11, 2024, 11:32:14 PM
88,888.88
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on November 12, 2024, 05:26:54 AM
Quote from: gib on November 11, 2024, 11:32:14 PM
88,888.88

Bitcoin tops $89,000 as crypto euphoria over Trump win shows no sign of waning
https://www.cnbc.com/2024/11/11/crypto-market-today.html

(https://c.tenor.com/7naE6E_nIWAAAAAd/tenor.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: D.O.A. on November 12, 2024, 11:30:23 AM
Quote from: loco on November 12, 2024, 05:26:54 AM
Bitcoin tops $89,000 as crypto euphoria over Trump win shows no sign of waning
https://www.cnbc.com/2024/11/11/crypto-market-today.html

(https://c.tenor.com/7naE6E_nIWAAAAAd/tenor.gif)
I kept all my bitcoin and I have cro as well and cro made me a little fortune the last few days. Its the "Trump Pump" in full force! lol!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on November 12, 2024, 01:04:48 PM
Quote from: D.O.A. on November 12, 2024, 11:30:23 AM
I kept all my bitcoin and I have cro as well and cro made me a little fortune the last few days. Its the "Trump Pump" in full force! lol!

Congratulations! 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 13, 2024, 04:52:59 AM
Obsidian - it looks like the possible bottom of the Eth to BTC decline may have been short-lived. As of now, the trend seems to be very much intact again, Let's see...

Eth can still move up, but it seems, if the trend continues, that it will move up at a slower rate than BTC (which should really be quite concerning given ETH's much smaller market cap).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on November 13, 2024, 05:44:00 AM
HOW do the ETH ETF inflows compare with BTC ETF’s?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 13, 2024, 05:59:18 AM
Quote from: gib on November 13, 2024, 04:52:59 AM
Obsidian - it looks like the possible bottom of the Eth to BTC decline may have been short-lived. As of now, the trend seems to be very much intact again, Let's see...

Eth can still move up, but it seems, if the trend continues, that it will move up at a slower rate than BTC (which should really be quite concerning given ETH's much smaller market cap).

No different to the last 2 cycles. You can try argue this time it will be different, but those making those arguments aren't doing that hot this cycle. Eth catch up play starts in 2025
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 13, 2024, 06:41:03 AM
Quote from: gib on November 13, 2024, 04:52:59 AM
Obsidian - it looks like the possible bottom of the Eth to BTC decline may have been short-lived. As of now, the trend seems to be very much intact again, Let's see...

Eth can still move up, but it seems, if the trend continues, that it will move up at a slower rate than BTC (which should really be quite concerning given ETH's much smaller market cap).

Look at the charts from the past few cycles.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 13, 2024, 08:05:27 AM
Quote from: Griffith on November 13, 2024, 06:41:03 AM
Look at the charts from the past few cycles.

Indeed - almost any alt starts to underperform to BTC after more then one cycle (for obvious reasons).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 13, 2024, 08:08:08 AM
Quote from: SouJerz on November 13, 2024, 05:44:00 AM
HOW do the ETH ETF inflows compare with BTC ETF’s?

The ETH ETF flows pale in comparison to BTC. Barely any institutional demand for ETH EFT compared to ETH. But as an ETF per se, it was quite successful.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 13, 2024, 08:26:58 AM
Quote from: gib on November 13, 2024, 08:05:27 AM
Indeed - almost any alt starts to underperform to BTC after more then one cycle (for obvious reasons).

If you look at the charts from the past few cycles you will see that ETH lags behind at the beginning of the bull run.

Starts with BTC pumping, then ETH, followed by altcoins and finally memecoins at the end of the cycle.

This is how money has been rotating in past cycles.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 13, 2024, 08:48:23 AM
Here is the Eth to BTC ratio chart for the last 5 years. We see Eth peaked to to BTC in value in since in mid 2021, and has been falling ever since, including in 2022, 2023, 2024. Lets see what 2025 holds...

Eth peaked to BTC as a ratio of 0.15 BTC to one ETH back in 2017 when it was the "shiny new thing". Since then, it has performed terribly to BTC, falling all the way from 0.15 to 0.036 - a decline trend which seems very likely to continue (for obvious reasons, if you understand the fundamental use case distinctions between the 2).

It would take a brave person to sell BTC buy ETH (or any alt) in 2025, (especially if the best logic you have is that there was a prior "trend" and that history will repeat itself -  there really are always new and novel attempts out there to attempt to separate you from your Sats in exchange for something "better". And very year, and every cycle, lessons are learned...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 13, 2024, 08:56:21 AM
91919.19
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on November 13, 2024, 09:00:53 AM
Quote from: gib on November 13, 2024, 08:56:21 AM
91919.19

(https://c.tenor.com/7naE6E_nIWAAAAAd/tenor.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: LurkerNoMore on November 13, 2024, 09:15:05 AM
Ok, side question.  Here in Bangkok, I heard these Canadian couples talking about how they should get a temporary address in Thailand (like a mailbox rental) because that crypto biz Gate.io no longer did business with many countries like Canada, US, UK, etc.. and the people that had their assets (money) in that company were restricted from accessing it or withdrawing it.  Basically if you lived in the countries where Gate.io was not allowed to do business, it just kept redirecting you to a dead end page informing you that they were not allowed in your country.  What happened here?  Was it a scam operation all along?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 13, 2024, 10:15:32 AM
Quote from: LurkerNoMore on November 13, 2024, 09:15:05 AM
Ok, side question.  Here in Bangkok, I heard these Canadian couples talking about how they should get a temporary address in Thailand (like a mailbox rental) because that crypto biz Gate.io no longer did business with many countries like Canada, US, UK, etc.. and the people that had their assets (money) in that company were restricted from accessing it or withdrawing it.  Basically if you lived in the countries where Gate.io was not allowed to do business, it just kept redirecting you to a dead end page informing you that they were not allowed in your country.  What happened here?  Was it a scam operation all along?

First of all, the best way to hold BTC is in self custody- not on any exchange.

Second, if you want to avoid an exchange, and don't want to hold in self custody, you can buy a BTC ETF, like IBIT.

I am not sure about the legitimacy of Gate.io, but in any case, if using an exchange I would suggest only using an exchange which is regulated in the country it operates in. If an exchange is not licensed to operate in a country, then it will do its best not to serve customers from such a country.

BTC itself of course cannot be stopped. It will do what it does anywhere in the world, and if you want to buy/sell/trade it, you can always do this anywhere in the world peer to peer.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 14, 2024, 01:37:43 AM
Quote from: gib on November 13, 2024, 08:48:23 AM

It would take a brave person to sell BTC buy ETH (or any alt) in 2025, (especially if the best logic you have is that there was a prior "trend" and that history will repeat itself -  there really are always new and novel attempts out there to attempt to separate you from your Sats in exchange for something "better". And very year, and every cycle, lessons are learned...

Pretty obvious why ETH will outperform in 2025. With Crypto laws in the US becoming more friendly
- Eth defi activity will pick up in a big way.
- Eths deflationary narrative will pick up in a big way.
- A push for Eth ETFs with Staking will happen. It really isn't an attractive product without the staking yields.
- Also you will still get your typical rotation into Eth as people get more bullish on crypto and move up the risk curve.

Fade it if you want but the reprice is gonna happen soon.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 14, 2024, 01:39:09 AM
Quote from: LurkerNoMore on November 13, 2024, 09:15:05 AM
Ok, side question.  Here in Bangkok, I heard these Canadian couples talking about how they should get a temporary address in Thailand (like a mailbox rental) because that crypto biz Gate.io no longer did business with many countries like Canada, US, UK, etc.. and the people that had their assets (money) in that company were restricted from accessing it or withdrawing it.  Basically if you lived in the countries where Gate.io was not allowed to do business, it just kept redirecting you to a dead end page informing you that they were not allowed in your country.  What happened here?  Was it a scam operation all along?

Same reason some gambling and poker sites are banned in certain countries.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 14, 2024, 03:33:15 AM
Quote from: gib on November 01, 2024, 02:06:43 AM
Just a little halloween update. Eth hit a new 3 year low to BTC, with the Eth to BTC ratio hitting a new low of 0.036. Its a spookily terrible performance against BTC over the last 3 years.

I expect that as we approach the next surge towards BTC 74K that ratio of Eth to BTC might fall even to 0.035 (and that this could well happen this month). And maybe even 0.034 by end of year.


Well that didn't take long did it. Eth indeed just hit yet another 3 year new low to BTC and has now hit the 0.034 ratio I predicated above.

We are really in a lock-step pattern decline pattern here for ETH, where any "gain in ETH" is quickly sold off, and then put into either BTC, or non-ETH alts with an aim of eventually converting those alts back into BTC.

Eth is now down to BTC as follows:

3.5% on the day
14% over last 5 days
15% over last month
27% over last 6 months
36% YTD
38% over last year
43% last 2 years
47% last 3 years

Lets see what 2025 brings - I would suspect upside for both BTC and ETH, but with Eth containing to lag and fall behind BTC as Eth gets sold off to buy BTC and Sol/alts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 14, 2024, 06:13:57 AM
For those interested in FileCoin, GreyScale is now doing a private placement for accredited investors.

See here: https://www.grayscale.com/crypto-products/grayscale-filecoin-trust?

Filecoin is one of the few "projects" I consider to be legitimate and with a calculatable fundamental value per coin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 14, 2024, 12:32:32 PM
Quote from: SouJerz on November 13, 2024, 05:44:00 AM
HOW do the ETH ETF inflows compare with BTC ETF’s?
The ETH ETF inflows turned positive recently. Meaning the total accumulated exceeded the Grayscale Outflows. Bitwise predicted that the US Spot ETH ETFs would be around $15 billion in the first year. On average ETF funds would have to maintain an inflow of $41 million per day. The past 6 trading sessions have exceeded that, with the biggest haul of $295.5 million on 11 November, 2024. See attached.

It's possible that these numbers could grow a lot more if ETH's price starts gaining traction. When staking is offered for Spot ETH ETF products they will be more popular and fund managers could lower their fees to zero because of the yields.

Will ETH ETFs reach $15 billion in the first year? Time will tell.

https://farside.co.uk/eth/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 14, 2024, 12:42:05 PM
Quote from: gib on November 13, 2024, 08:05:27 AM
Indeed - almost any alt starts to underperform to BTC after more then one cycle (for obvious reasons).
Doge, Solana, and BNB has outperformed BTC the past 1 year. ETH is down for now. But I think it will recover.

I have quite a bit of DOGE and BNB so that's great! Doge is up 421% compared to Bitcoin's 142%. That's a huge outperformance by order of magnitudes. And that's in a timeframe where Bitcoin received Spot ETF approvals and Trump's pump. It turns out Elon's D.O.G.E. pump is even bigger. Doge would have to rise to $11.87 to match BTC's market cap.

The charts don't lie GIB - BTC's performance compared with DOGE has been pathetic the past year!  ;D

https://coinranking.com/

https://www.benzinga.com/markets/cryptocurrency/21/06/21424614/vitalik-buterin-says-he-loves-doge-suggests-dogecoin-ethereum-collaboration-for-scalabilit
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 14, 2024, 12:54:16 PM
Quote from: gib on November 13, 2024, 08:05:27 AM
Indeed - almost any alt starts to underperform to BTC after more then one cycle (for obvious reasons).
DOGE vs BTC gains in the past 5 years:

DOGE: 15,280%
BTC: 743.56%
ETH: 1,652.21%
BNB: 2,728.09%

https://coinranking.com/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: GymnJuice on November 14, 2024, 02:57:08 PM
Quote from: gib on November 14, 2024, 06:13:57 AM
For those interested in FileCoin, GreyScale is now doing a private placement for accredited investors.

See here: https://www.grayscale.com/crypto-products/grayscale-filecoin-trust?

Filecoin is one of the few "projects" I consider to be legitimate and with a calculatable fundamental value per coin.

I don't know much about this stuff. So, my comparisons may not be appropriate. But it lists a management fee of 2.5% IBIT through Schwab is the bitcoin ETF I use and that has a gross expense ratio of 0.25%. Most of my regular index funds have fees around 0.03%. Obviously, these alternative coin funds are a different type of investment. What do you guys think of the listed management fee? Is that appropriate?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 15, 2024, 02:34:03 AM
Quote from: GymnJuice on November 14, 2024, 02:57:08 PM
I don't know much about this stuff. So, my comparisons may not be appropriate. But it lists a management fee of 2.5% IBIT through Schwab is the bitcoin ETF I use and that has a gross expense ratio of 0.25%. Most of my regular index funds have fees around 0.03%. Obviously, these alternative coin funds are a different type of investment. What do you guys think of the listed management fee? Is that appropriate?

You are right - far better off buying IBIT and just holding for BTC exposure. (Or hold BTC directly in self custody if you know how to do this).

You can also buy FileCoin directly, but the GreyScale trust will allow for larger scale institutional exposure, and for qualified investors in a trust structure. FIL is not likely to be put into an EFT any time soon, although if it does, the management fee will come down (especially if there is competition from other ETF providers). For me, I am like you, and so hold FIL directly as I don't want to pay holding fees.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 15, 2024, 02:39:42 AM
Quote from: obsidian on November 14, 2024, 12:54:16 PM
DOGE vs BTC gains in the past 5 years:

DOGE: 15,280%
BTC: 743.56%
ETH: 1,652.21%
BNB: 2,728.09%

https://coinranking.com/

Your point of posting this is what? To show that some alts can outperform BTC for periods of time? If so, yes, obviously they can. I have explained many times before, I could create an alt tomorrow, sell one coin to myself for double the price, and suddenly I have a 100% gain.

As investors we need to be forward-looking. And we also need to balance risk with likely reward. Anyone could try to pick an alt, NFT, shitcoin, meme etc which they hope will outperform BTC for a period of time. There will never be any shortage of people who create such coins in attempt to separate people from their Bitcoin. Most such "investors" over time, will fail to outperform BTC for obvious reasons - the extra risk, on average, is not compensated by the potentially higher return. And it is exactly this miscalculation risk which drives people to speculate on alts, much like how casinos separate gamblers from their money over time. And its also why investors chasing "penny stocks" and "day-trading" cannot outperform Buffet, who buys blue chips and HODLs. Yes, obviously, some alts at any point in time, among the potentially millions of alts which can exist, can outperform BTC for a period of time. However, being able to consistently pick such outperformers is virtually impossible for the vast vast majority of speculators. And this is why almost all of us, would be better off consistently stacking and holding Sats.

We have year of discussions on this now, and lessons are learned by some of those here every cycle, yet still some people still don't seem to get it and think they can consistently outperform the mighty BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 15, 2024, 10:48:32 AM
Quote from: gib on November 15, 2024, 02:39:42 AM
Your point of posting this is what? To show that some alts can outperform BTC for periods of time? If so, yes, obviously they can. I have explained many times before, I could create an alt tomorrow, sell one coin to myself for double the price, and suddenly I have a 100% gain.
Doge has outperformed BTC from 2014-present - 10 years!
ETH has outperformed BTC from 2015-present - 9 years!

My point is your argument can be flipped on you. You're looking at a shorter time range where BTC has outperformed ETH and using this as evidence that BTC is a superior investment.

Then when I look at a longer time range of three cycles you ask what's the point? Here's a quote from you:

Quote from: gib on November 13, 2024, 08:05:27 AM
Indeed - almost any alt starts to underperform to BTC after more then one cycle (for obvious reasons).

Here is that quote revised with a valid statement:

Indeed - BTC starts to underperform almost any ALT after more than one cycle (for obvious reasons).

What is the obvious reason?

Bitcoin was the first blockchain in 2009. Sure, investors that bought it at 30 cents or $1 saw the most amazing return on investment - IF they held till now. But they were a few early adopters and some have long since sold their $1 position. Over time, the BTC changed hands. Some people bought BTC at $18,000 in 2017. Then it crashed down to $3,500 or less a few years later. BTC keeps changing hands, and now many new investors have to get in at a higher floor, where BTC is around $90,000. It's harder for that to 10x than a smaller market cap token. Sure, the alt coin might crash 99%. But some have stuck around, like Ethereum, Doge and BNB. Solana is a newcomer. It will have its own hurdles to cross at some point.

Look at Cardano for example. It's had dismal performance over the years. Yet, it is still up 2,450.53% since 2017. That's more than BTC even with Bitcoin now hovering around $90,000!

You're seduced by the big price tag BTC commands.

I agree though, for now, BTC is safer in bear markets for sure. Time will tell if this will be the case 16-24 years from now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on November 15, 2024, 10:55:10 AM
If you look at coin market cap.com and click 24 hour % change.  The top movers are all coins valued in the cents and maybe 1 dollar.   AKA bag holder central.  Everyone buying cheap coins in hope of the next bitcoin.  There is no next bitcoin only bitcoin.  Keep sticking satoshis!! can’t wait to read this forum in 10 years from now!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 15, 2024, 11:01:42 AM
This guy provides interesting insight into Ethereum.

Retail investors are bearish on ETH - for now. They want that Solana casino, with memes, cheap and supposedly fast transactions - even if it goes offline or transactions fail. They ignore the processing power and storage overhead that's required to validate on Solana.

Institutional investors want stable, reliable, and DEFI liquidity. They are happy with a 50% return on investment. They don't care for instant transactions, even though Ethereum is moving towards that with the ever-expanding L2s. Ethereum is criticized for the L2 roadmap when Bitcoin and Solana are moving towards that same roadmap - lol! Only Ethereum is quietly being expanded while retail investors FUD it 24/7.

Institutional investors have boardroom meetings where they have to present their investment case. That does not require instant transactions, as we have seen with Bitcoin. They also want to buy low, sell high. Ethereum has underperformed BTC the past 3 years, but not the past 5 years, yet it is still growing and there is demand for it. Are they going to jump into a higher price or lower price point for BTC and ETH?

There are plans to scale the L1 layer as well. Ethereum provides yield and the inflation is lower than Bitcoin and a lot lower than Solana! ETH even went deflationary again a few days ago.

I would love to see a much-hated Ethereum rally, only to see all the meltdowns - similar to the TDS tantrums we've all seen.

Also, note that January has been traditionally a good month for Ethereum. BTC could outperform into December. Let's see what happens.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 15, 2024, 11:06:09 AM
Quote from: SouJerz on November 15, 2024, 10:55:10 AM
If you look at coin market cap.com and click 24 hour % change.  The top movers are all coins valued in the cents and maybe 1 dollar.   AKA bag holder central.  Everyone buying cheap coins in hope of the next bitcoin.  There is no next bitcoin only bitcoin.  Keep sticking satoshis!! can’t wait to read this forum in 10 years from now!
Click on 5 year change on the Coinranking site.

BTC has underperformed ETH, BNB, DOGE, ADA, TRX. That's 50% of the top ten cryptos if you exclude stablecoins.

Why are you looking at 24-hour cycles and not 5 or more years?! Here's a screenshot - look at the numbers!

https://coinranking.com/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 15, 2024, 11:11:44 AM
https://www.coindesk.com/business/2024/11/14/franklin-templeton-expands-410m-money-market-fund-to-ethereum-blockchain/

Franklin Templeton Expands $410M Money Market Fund to Ethereum Blockchain
Ethereum is by far the most popular blockchain for issuers of tokenized traditional assets with a current market cap of $1.6 billion.

- Franklin Templeton's OnChain U.S. Government Money Market Fund can now be traded on Ethereum.
- The fund is already available on several other blockchains, including most recently Base, Aptos, and Avalanche.
- Ethereum is by far the most popular pick among issuers, handling $1.6 billion worth of tokenized assets.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on November 15, 2024, 11:18:59 AM
Quote from: obsidian on November 15, 2024, 11:06:09 AM
Click on 5 year change on the Coinranking site.

BTC has underperformed ETH, BNB, DOGE, ADA, TRX. That's 50% of the top ten cryptos if you exclude stablecoins.

Why are you looking at 24-hour cycles and not 5 or more years?! Here's a screenshot - look at the numbers!

https://coinranking.com/


lol oh man obsidian it’s ok you don’t have to convince us but you do have to convince yourself!!   I was looking at the past 24 hours to see where money is going and it’s all retail investors looking to become bag holders.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on November 15, 2024, 11:20:33 AM
Bitcoin just shot to 89,000 and what does the average Joe do?  Buy a bunch of some alt coin worth Pennie’s and pray it’s the next Bitcoin.  Instead of buying Bitcoin the proven performer.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 15, 2024, 11:41:40 AM
Quote from: obsidian on November 15, 2024, 10:48:32 AM

Indeed - BTC starts to underperform almost any ALT after more than one cycle (for obvious reasons).

What is the obvious reason?


What is the obvious reason? It is because alts can be infinitely created, and hence "hot" for a shorter period, but infinitely diluted to zero over time due to infinite supply.

Eth, the biggest purported "alt" to BTC, is now down to BTC as follows:

3.5% on the day
14% over last 5 days
15% over last month
27% over last 6 months
36% YTD
38% over last year
43% last 2 years
47% last 3 years

I doubt very much it will reverse this trend in 2025, let alone reverse enough to catch back up to BTC.

Will there be an "alt" that outperforms BTC this cycle? Sure. Will there be alt investors that picked only the outperforming ones, and then purchased a significant amount at the right time, and then also sold at the right time, and avoided all the losing alts, such that overall they beat BTC? And did so consistently with various alt investments over time? Far less likely - although we of course all wish to think we could be such a person with our great altcoin investing skills. :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 15, 2024, 03:30:03 PM
Quote from: gib on November 15, 2024, 11:41:40 AM
What is the obvious reason? It is because alts can be infinitely created, and hence "hot" for a shorter period, but infinitely diluted to zero over time due to infinite supply.

Eth, the biggest purported "alt" to BTC, is now down to BTC as follows:

3.5% on the day
14% over last 5 days
15% over last month
27% over last 6 months
36% YTD
38% over last year
43% last 2 years
47% last 3 years

I doubt very much it will reverse this trend in 2025, let alone reverse enough to catch back up to BTC.

Will there be an "alt" that outperforms BTC this cycle? Sure. Will there be alt investors that picked only the outperforming ones, and then purchased a significant amount at the right time, and then also sold at the right time, and avoided all the losing alts, such that overall they beat BTC? And did so consistently with various alt investments over time? Far less likely - although we of course all wish to think we could be such a person with our great altcoin investing skills. :)
You can thank Gensler for those gains. Because he did everything he could to undermine DEFI tokens. That might be about to change.

https://www.cnbc.com/2024/11/14/gary-gensler-reviews-accomplishments-was-proud-to-serve-as-sec-chair.html

Gary Gensler says he was ‘proud to serve’ as SEC chair, defends his approach to crypto regulation

Gensler offered a full-throated defense of his approach to crypto.

Gensler repeated his assertion that while bitcoin is not a security, the SEC’s focus “has been on some of the 10,000 or so other digital assets, many of which courts have ruled were offered or sold as securities” and are therefore subject to the SEC’s purview.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 15, 2024, 03:40:11 PM
Quote from: SouJerz on November 15, 2024, 11:20:33 AM
Bitcoin just shot to 89,000 and what does the average Joe do?  Buy a bunch of some alt coin worth Pennie’s and pray it’s the next Bitcoin.  Instead of buying Bitcoin the proven performer.
Do you blame them? Average Joe can put $1,000 in crypto - if that! So they buy Bitcoin? Wow, they can easily double that?! A $1,000 gain is nothing.

Likewise, Ethereum is also too expensive for Average Joe. Solana looks a little more attractive for them, or meme coins.

But what if they get lucky with some obscure, small market cap token that does a 100x? That's why they go to the Solana Casino!

$89,000 BTC is great for people like GIB who got in at $3,500. Less attractive for a new investor with small pockets.

I mined 4 ETH per month for an energy bill of $600. But, the rigs heated the house. Our energy bill was going to be $150-200 regardless. That means ETH at $3,000 is still a 26x to 30x for me. I deducted all the hardware and electrical to cancel out the mining income over multiple years. Any tax I pay now will be capital gains tax. Crypto miners have to pay income tax on crypto they earn and the price is determined when it hits your wallet. If the crypto then goes up in value from there and you sell you have to pay another capital gains tax.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 15, 2024, 03:43:52 PM
Quote from: SouJerz on November 15, 2024, 11:18:59 AM

lol oh man obsidian it’s ok you don’t have to convince us but you do have to convince yourself!!   I was looking at the past 24 hours to see where money is going and it’s all retail investors looking to become bag holders.
The 24-hour chart can change at any time. Earlier in the year ETH was up 20% in 24 hours. Recently Doge was up 40%. Yeah, it's nice to see. Everybody has their selling price. Some like Saylor cannot sell at all. If he sold 1 BTC it would fuck his whole narrative. So the only way he makes money is by peddling his stock and then using the profits there to finance his lifestyle. All the BTC he has is off-limits to him. If he sold it would seriously crash the BTC price. Perhaps he has some secret BTC wallets that allow him to cash out. But he would be petrified if the public found out about it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 15, 2024, 11:58:31 PM
Quote from: obsidian on November 15, 2024, 03:43:52 PM
The 24-hour chart can change at any time. Earlier in the year ETH was up 20% in 24 hours. Recently Doge was up 40%. Yeah, it's nice to see. Everybody has their selling price. Some like Saylor cannot sell at all. If he sold 1 BTC it would fuck his whole narrative. So the only way he makes money is by peddling his stock and then using the profits there to finance his lifestyle. All the BTC he has is off-limits to him. If he sold it would seriously crash the BTC price. Perhaps he has some secret BTC wallets that allow him to cash out. But he would be petrified if the public found out about it.

He doesn't need to sell, nor should any Bitcoiner. No #1 principle - Never, ever, let go of your BTC. Hodl, stack, and by all means borrow against it for declining fiat if you need some cash. But never sell it. Same principle those who have built successful property empires - you borrow, build, hold the underlying assets and leverage to get more. But you never sell the crown jewel's.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 16, 2024, 12:10:36 AM
Quote from: obsidian on November 15, 2024, 03:40:11 PM
Do you blame them? Average Joe can put $1,000 in crypto - if that! So they buy Bitcoin? Wow, they can easily double that?! A $1,000 gain is nothing.

Likewise, Ethereum is also too expensive for Average Joe. Solana looks a little more attractive for them, or meme coins.

But what if they get lucky with some obscure, small market cap token that does a 100x? That's why they go to the Solana Casino!

$89,000 BTC is great for people like GIB who got in at $3,500. Less attractive for a new investor with small pockets.


Exactly right. Which is why I have tried so so hard to educate and pass this message on here. All anyone had to do from the time this thread started was buy BTC regularly, stack, and chill.

The guy with $1000 trying to chase alts, over a cycle might well go from 1000, to 1300, to 1100, to 1800, to 900, to 1300, to 2100, to 1700, to 1900, to 1200, and end at 800. After countless trades, essentially trading non-sense, all of which is in the short term dilutive of the value that would have flowed into BTC, had he just stuck with the plan and been aligned with Bitcoiners, instead of being mislead by shitcoiners. Meanwhile, the Bitcoiner who has been faithfully and methodically stacking and hodling wins...

For anyone thinking BTC is "expensive" I would say that it has always seemed "expensive" for anyone who bought it. This is always the way it is with any fast emerging asset.

Remember at the beginning of this thread, I was encouraging people just to get to 1BTC, and how important this would be. Some laughed at this. Now I am encouraging people just to get to 0.1 BTC. And of course in time, the aspiration for many may be 0.001 BTC. For those struggling on low incomes, all around the world (not just on GetBig), I really urge just to put whatever you can into BTC, and use it as a long term savings technology.

We still have BTC to go up around 10x to match gold's market cap (it just flippened silver's market cap last week), and it will flip gold for sure, in time, for obvious reasons.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 16, 2024, 12:13:31 AM
Quote from: obsidian on November 15, 2024, 03:40:11 PM
I mined 4 ETH per month for an energy bill of $600. But, the rigs heated the house. Our energy bill was going to be $150-200 regardless. That means ETH at $3,000 is still a 26x to 30x for me. I deducted all the hardware and electrical to cancel out the mining income over multiple years. Any tax I pay now will be capital gains tax.

That is pretty cool. Curious, why did you mine ETH and not BTC?

Were the rigs loud?

Why pay tax? How would anyone know that you mined ETH? (Or that you sold it, unless you sold it on a KYC regulated exchange)?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 16, 2024, 01:53:10 AM
Quote from: obsidian on November 15, 2024, 03:30:03 PM
You can thank Gensler for those gains. Because he did everything he could to undermine DEFI tokens. That might be about to change.

https://www.cnbc.com/2024/11/14/gary-gensler-reviews-accomplishments-was-proud-to-serve-as-sec-chair.html

Gary Gensler says he was ‘proud to serve’ as SEC chair, defends his approach to crypto regulation

Gensler offered a full-throated defense of his approach to crypto.

Gensler repeated his assertion that while bitcoin is not a security, the SEC’s focus “has been on some of the 10,000 or so other digital assets, many of which courts have ruled were offered or sold as securities” and are therefore subject to the SEC’s purview.

Good to see this cockroach has been removed.

Can only be good for DEFI now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 16, 2024, 02:25:03 AM
Quote from: Griffith on November 16, 2024, 01:53:10 AM
Good to see this cockroach has been removed.

Can only be good for DEFI now.

Well remember, his job is to enforce the law, not make the law. There are good reasons why the law regulates public securities (and indeed such regulation is the foundation on which American business success has been built on). With securities regulation, we can invest in companies which we know meet certain financial reporting standards, comply with specified regulations, etc. This enables us to value companies with confidence, lend to companies in confidence, and invest in the shares of such companies with confidence. This cannot be said for companies who issue "crypto tokens" in an attempt to avoid existing regulations, and basically take investor money via fraud.

Gensler is not opposed to the concept of defi in itself. But he does enforce the law against illegally issued and non-compliant securities, as he should.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Andy Griffin on November 16, 2024, 04:42:54 AM
Quote from: Griffith on November 16, 2024, 01:53:10 AM
Good to see this cockroach has been removed.

Can only be good for DEFI now.

Amen.

Probably doesn't even lift.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on November 16, 2024, 07:58:34 AM
Quote from: obsidian on November 15, 2024, 03:40:11 PM
Do you blame them? Average Joe can put $1,000 in crypto - if that! So they buy Bitcoin? Wow, they can easily double that?! A $1,000 gain is nothing.

Likewise, Ethereum is also too expensive for Average Joe. Solana looks a little more attractive for them, or meme coins.

But what if they get lucky with some obscure, small market cap token that does a 100x? That's why they go to the Solana Casino!

$89,000 BTC is great for people like GIB who got in at $3,500. Less attractive for a new investor with small pockets.

I mined 4 ETH per month for an energy bill of $600. But, the rigs heated the house. Our energy bill was going to be $150-200 regardless. That means ETH at $3,000 is still a 26x to 30x for me. I deducted all the hardware and electrical to cancel out the mining income over multiple years. Any tax I pay now will be capital gains tax. Crypto miners have to pay income tax on crypto they earn and the price is determined when it hits your wallet. If the crypto then goes up in value from there and you sell you have to pay another capital gains tax.

Some gamble and some invest.   Godspeed

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on November 16, 2024, 09:32:35 AM
Kaspa will be listed on Kraken Tuesday.
Kaspa is all what you need to be millionnaire.
Buy 50000 to 100000 Kas.
https://www.tradingview.com/news/coinmarketcal:b6c3c2e13094b:0-kaspa-kraken-listing-19-nov-2024/ (https://www.tradingview.com/news/coinmarketcal:b6c3c2e13094b:0-kaspa-kraken-listing-19-nov-2024/)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on November 16, 2024, 09:33:50 AM
Quote from: French on November 16, 2024, 09:32:35 AM
Kaspa will be listed on Kraken Tuesday.
Kaspa is all what you need to be millionnaire.
Buy 50000 to 100000 Kas.
https://www.tradingview.com/news/coinmarketcal:b6c3c2e13094b:0-kaspa-kraken-listing-19-nov-2024/ (https://www.tradingview.com/news/coinmarketcal:b6c3c2e13094b:0-kaspa-kraken-listing-19-nov-2024/)

lol How's your Solana shitcoin doin' in that century bullrun? ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on November 16, 2024, 11:32:51 AM
Quote from: affeman on November 16, 2024, 09:33:50 AM
lol How's your Solana shitcoin doin' in that century bullrun? ;D

Not bad, ptfl (little math) :
.90% Solana (?)
.10% Kaspa (275000@0.12)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 16, 2024, 02:26:17 PM
Quote from: gib on November 15, 2024, 11:58:31 PM
He doesn't need to sell, nor should any Bitcoiner. No #1 principle - Never, ever, let go of your BTC. Hodl, stack, and by all means borrow against it for declining fiat if you need some cash. But never sell it. Same principle those who have built successful property empires - you borrow, build, hold the underlying assets and leverage to get more. But you never sell the crown jewel's.
Saylor can borrow because he has business income which he can use to pay off the interest accumulated by his loans, along with the actual loan itself.

What if someone is retired or does not want to work again ever, and they have 100 Bitcoin?

Here are some examples:

1. Bitcoin Price Appreciation
The core assumption is that Bitcoin's value will increase over time.
If the borrowed amount is small relative to the collateral (low loan-to-value ratio), the borrower can refinance the loan as Bitcoin appreciates, effectively rolling over the debt.
Example:

Borrow $50,000 against $250,000 worth of Bitcoin (20% LTV).
If Bitcoin doubles in value, the same collateral is worth $500,000, allowing for refinancing or easier repayment.
Risk: This hinges on consistent Bitcoin price growth, which is volatile and uncertain.

2. Partial Bitcoin Liquidation
If appreciation occurs, a portion of the Bitcoin can be sold to repay the loan.
While this violates the "never sell" principle, it minimizes the amount of Bitcoin sold compared to selling upfront for cash.
Example:

Borrow $50,000 against $250,000 worth of Bitcoin.
If Bitcoin appreciates by 50%, sell $25,000 worth of Bitcoin to repay half the loan, retaining most of the asset.

So a BTC holder who does not want to work and does not own a business or have business income will have to sell BTC to pay for living expense, food, entertainment, etc. They can take out loans, but still have to pay back the loans. So their BTC holdings will decrease over time.

Suppose someone has 10,000 ETH. If they stake it all they might earn around 3.5-4% APY. Not with Coinbase though because their rates have fallen.

They would earn 351.308 ETH per year, which, at $3,000, would give them a million-dollar income without touching the ETH principle. They can't do that with Bitcoin. It works for Saylor because he has business income.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 16, 2024, 02:36:29 PM
Quote from: French on November 16, 2024, 11:32:51 AM
Not bad, ptfl (little math) :
.90% Solana (?)
.10% Kaspa (275000@0.12)
Everyone said how great the Solana Phantom Wallet was. Then this happened?!

https://techcrunch.com/2022/08/03/solana-wallet-hack/

Thousands of Solana wallets drained in multimillion-dollar exploit

Solana, an increasingly popular blockchain known for its speedy transactions, has become the target of the crypto sphere’s latest hack after users reported that funds have been drained from internet-connected “hot” wallets.

An unknown actor drained funds from approximately 8,000 wallets on the Solana network, Solana’s Status Twitter account said. It’s estimated the loss so far is around $8 million.

The attack — which has only affected only “hot” wallets or wallets that are always connected to the internet, allowing people to store and send tokens easily — does not appear to be limited to Solana. Justin Barlow, an investor at Solana Ventures, reported that his USDC balance was drained as well. Crypto analyst @0xfoobar confirmed that “the attacker is stealing both native tokens (SOL) and SPL tokens (USDC)… affecting wallets that have been inactive for less than 6 months.”

The attack has compromised other wallets including Phantom, Slope and TrustWallet. Initial reports suggested Solflare users were also impacted, but the company tells TechCrunch it has not been affected by this exploit. Wallets drained should be treated as compromised and abandoned, Solana warned as it encouraged users to switch to hardware or “cold” wallets.

Phantom, a fast-growing Solana-based wallet that hit $1.2 billion in valuation in January, said hours after the hack that it “does not believe this is a Phantom-specific issue.”

The wallet developer later said it “has reason to believe that the reported exploits are due to complications related to importing accounts to and from Slope Finance. We are still actively working to identify whether there may have been other vulnerabilities that contributed to this incident.”

Slope added that it is “actively working to sort out the issue as rapidly as possible and rectify best we can”, while non-fungible token (NFT) marketplace Magic Eden called on users to revoke permissions for any suspicious links in their Phantom wallets.

The cause of the attack remains unclear, but industry leaders including Emin Gün Sirer, founder of another popular blockchain Avalanche, pointed out that the transactions were properly signed, which means the vulnerability could be a “supply chain attack” that manages to steal users’ private keys. @0xfoobar added that “it’s likely something has caused widespread private key compromise”, and warned that revoking wallet approvals will probably not help.

Solana spokesperson Chris Kraeuter declined to answer our questions but referred us to Solana’s Status Twitter account, which states that the issue does not appear to be a bug in Solana’s software “but in software used by several software wallets popular among users of the network.” The company added that its engineers “are currently working with multiple security researchers and ecosystem teams to identify the root cause of the exploit, which is unknown at this time.”

The Solana attack comes just hours after malicious actors abused a “chaotic” security exploit to steal almost $200 million in digital assets from cross-chain messaging protocol Nomad. The “free-for-all” attack, which saw more than 41 addresses drain $152 million — 80% of the stolen funds — was made possible by a recent update to one of Nomad’s smart contracts that made it easy for users to spoof transactions.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 16, 2024, 02:39:06 PM
Quote from: gib on November 15, 2024, 11:58:31 PM
He doesn't need to sell, nor should any Bitcoiner. No #1 principle - Never, ever, let go of your BTC. Hodl, stack, and by all means borrow against it for declining fiat if you need some cash. But never sell it. Same principle those who have built successful property empires - you borrow, build, hold the underlying assets and leverage to get more. But you never sell the crown jewel's.
At one point, Michael Saylor will be the single point of failure or volatility of Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 16, 2024, 02:53:43 PM
Quote from: gib on November 16, 2024, 12:13:31 AM
That is pretty cool. Curious, why did you mine ETH and not BTC?

Were the rigs loud?

Why pay tax? How would anyone know that you mined ETH? (Or that you sold it, unless you sold it on a KYC regulated exchange)?
I started mining in 2017. By then, BTC could only be mined with ASIC equipment. These devices are single-purpose devices that can only mine BTC and nothing else. Newer models constantly make the devices obsolete, so you would never make back your initial investment in the ASIC device, which would become a paperweight.

Ethereum in 2017 was still ASIC resistant and you needed to use GPUs to mine it. That appealed to me. I could use the GPUs in any computer, they could do 3D rendering, play video games or videos, run the OS GUI, etc. So they would never become paperweights. My rigs were modular with 4 power supplies per rig, a motherboard, SSD drive, memory, etc. Basically, everything that a normal computer had in it. I never sold my equipment because I get attached to my stuff. The price of the GPUs has crashed, but the power supplies held their value. I might just hold on to everything indefinitely for shits and giggles. I have 44 GPUs. Two or three failed which I replaced via RMA. They are now out of warranty. One or two will have to be fixed - I need to tear them apart. I can still use those GPUs for 3D renderings.

Some people rented their GPUs to NiceHash. I did that for a few days. You had to install the NiceHash miner and then it would test your GPUs for about an hour or more and then other miners would buy hashpower on NiceHash and your rigs would be thrown into a pool with others. NiceHash paid out in BTC directly. NiceHash asked you if you wanted the most profitable crypto to mine, which was Ethereum at the time. So people on NiceHash were mining Ethereum but getting paid in BTC. I preferred to mine Ethereum directly with dedicated ETH miners - and manage all my rigs.

Early in 2018 I made the mistake of getting on an ETH pool that included massive mining farms (10,000+ GPUs). I was stuck in the pool for a few weeks and could never get to the top of the list to receive my ETH payout. I had to buy hash power on NiceHash with BTC which I used to point to my miner address and within a few hours I got to the top and received a 3.21 ETH payout. After that I immediately switched my rigs to a pool that guaranteed regular payouts. I remained in that pool and others for a few years. The leftover BTC on NiceHash was sent back to Coinbase where I sold it - lmao!

The rigs were not too loud -  a constant hum because of all the fans running - but we got used to it. They were spaced throughout the house. The heat was amazing in the winter - much better than central air. It was a constant heat that penetrated throughout the house. On cold days it was awesome!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on November 17, 2024, 12:25:23 PM
Quote from: obsidian on November 16, 2024, 02:26:17 PM
Saylor can borrow because he has business income which he can use to pay off the interest accumulated by his loans, along with the actual loan itself.

What if someone is retired or does not want to work again ever, and they have 100 Bitcoin?

Here are some examples:

1. Bitcoin Price Appreciation
The core assumption is that Bitcoin's value will increase over time.
If the borrowed amount is small relative to the collateral (low loan-to-value ratio), the borrower can refinance the loan as Bitcoin appreciates, effectively rolling over the debt.
Example:

Borrow $50,000 against $250,000 worth of Bitcoin (20% LTV).
If Bitcoin doubles in value, the same collateral is worth $500,000, allowing for refinancing or easier repayment.
Risk: This hinges on consistent Bitcoin price growth, which is volatile and uncertain.

2. Partial Bitcoin Liquidation
If appreciation occurs, a portion of the Bitcoin can be sold to repay the loan.
While this violates the "never sell" principle, it minimizes the amount of Bitcoin sold compared to selling upfront for cash.
Example:

Borrow $50,000 against $250,000 worth of Bitcoin.
If Bitcoin appreciates by 50%, sell $25,000 worth of Bitcoin to repay half the loan, retaining most of the asset.

So a BTC holder who does not want to work and does not own a business or have business income will have to sell BTC to pay for living expense, food, entertainment, etc. They can take out loans, but still have to pay back the loans. So their BTC holdings will decrease over time.

Suppose someone has 10,000 ETH. If they stake it all they might earn around 3.5-4% APY. Not with Coinbase though because their rates have fallen.

They would earn 351.308 ETH per year, which, at $3,000, would give them a million-dollar income without touching the ETH principle. They can't do that with Bitcoin. It works for Saylor because he has business income.

Purchased borrowing against  btc
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 18, 2024, 12:46:04 AM
Quote from: Theoak* on November 17, 2024, 12:25:23 PM
Purchased borrowing against  btc

Well done!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 18, 2024, 12:50:20 AM
Quote from: obsidian on November 16, 2024, 02:53:43 PM

The rigs were not too loud -  a constant hum because of all the fans running - but we got used to it. They were spaced throughout the house. The heat was amazing in the winter - much better than central air. It was a constant heat that penetrated throughout the house. On cold days it was awesome!

Very cool. And yes noted on the heating! There are now some mining/heaters you can buy (as you probably know) - not sure if more of a gimmick - but I do believe in the future we will see portable plug+play devices that those with stranded energy as as solar (or a need for heating) could use.

Curious (and I vaguely recall asking before), but why would you worry about paying capital gains on the ETH mined? Presumably no one knows the identity who who mined these "virgin ETH", and so no one should know of any "gain" you make, unless you happen to decide to exchange them on KYC compliant exchange? (Or are you just extremely law-abiding?)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on November 18, 2024, 02:06:59 AM
Quote from: Theoak* on November 17, 2024, 12:25:23 PM
Purchased borrowing against  btc

You'd only impress us getbiggers if it was a Bugatti or a private jet.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on November 18, 2024, 03:22:22 AM
Quote from: a_pupil on November 18, 2024, 02:06:59 AM
You'd only impress us getbiggers if it was a Bugatti or a private jet.

Prefer my muscle cars.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 18, 2024, 03:54:08 AM
Quote from: Theoak* on November 18, 2024, 03:22:22 AM
Prefer my muscle cars.
NICE!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on November 18, 2024, 12:38:18 PM
Gib what are your personal goals with MSTR hodl? Have an exit price?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: jude2 on November 18, 2024, 04:56:36 PM
Quote from: Theoak* on November 18, 2024, 03:22:22 AM
Prefer my muscle cars.
I want that.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 19, 2024, 01:29:20 AM
Quote from: SouJerz on November 18, 2024, 12:38:18 PM
Gib what are your personal goals with MSTR hodl? Have an exit price?

My MSTR is now up over 1100%. Amazing huh? I don't think I've ever had a stock do a 10x.

So, what am I doing in terms of taking gains? Well (not saying others should do it), but basically I also bought (some time later when it became available) a chunk of IBIT (about the same value of my MSTR). So lets say, as an example, I had 100K MSTR, 100K IBIT. I try to keep the amounts balanced - so if MSTR is now 120K, and IBIT is 110K, I sell 5K MSTR and buy 5K IBIT to make it 115K each. I have been doing that all the way up to MSTR being up 1100%, so that now I am still balanced with a 50/50 holding. (IBIT is up around 65% since I started doing this). I am happy to do this as I view MSTR as having more vol on the upside and the downside. (And I have also been putting small MSTR sales gains into Berkshire Hathaway (which I have held for many years and continue to slowly accumulate).

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 19, 2024, 07:56:47 AM
Its so wild - so today, MSTR is up around 1200% from my buy on the US markets today. So, I sold a little more off, and again bought more IBIT and more Berkshire Hathaway. Of course purely on past performance I would have been way up just continuing to hodl MSTR, but I don't fully understand their financials, and so I do continue to extract value through small sales...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: jude2 on November 19, 2024, 09:16:41 PM
Quote from: gib on November 19, 2024, 07:56:47 AM
Its so wild - so today, MSTR is up around 1200% from my buy on the US markets today. So, I sold a little more off, and again bought more IBIT and more Berkshire Hathaway. Of course purely on past performance I would have been way up just continuing to hodl MSTR, but I don't fully understand their financials, and so I do continue to extract value through small sales...
Well done
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 20, 2024, 06:09:13 AM
$93,939.39
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on November 20, 2024, 06:39:12 AM
Quote from: gib on November 20, 2024, 06:09:13 AM
$93,939.39

(https://media.tenor.com/Sin0DOO2uMcAAAAM/trump-trump-dance.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 20, 2024, 08:28:38 AM
Wow- My MSTR now up over 1300% from time of purchase. Insane.

Mayday - I believe we can now both agree I have now been truly vindicated in my views on MSTR which we debated a year ago, right?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 20, 2024, 02:46:52 PM
Quote from: gib on November 20, 2024, 08:28:38 AM
Wow- My MSTR now up over 1300% from time of purchase. Insane.

Mayday - I believe we can now both agree I have now been truly vindicated in my views on MSTR which we debated a year ago, right?

Absolutely epic run, I agree. In addition, Saylor is a man of his word and continues to cement his place as CEO of Bitcoin. With MSTR a clear leverage on leverage play, its rallying hard which is great news for all of us.

Yes, awesome play by you on MSTR. Well done 👍  just don’t forget I said it’s about the drawdowns in the bear market, that’s where the risk is for them. When we go up it’s not a risk as we have seen. The balls on this guy though, seriously I am rooting for him, we love an underdog.

I am more bullish than most here which is ironic. I still have a bottoming in Mar 2025 fwiw as it’s a decade long trend but We all have roles to play and push/pull is the equilibrium.

I bought my first Bitcoin already BTW 😀 just the 1.

Like many countries, down here it’s harder to buy Bitcoin vs 4yrs ago. I had some big numbers (for a peasant) on our largest exchange last cycle. This week I sent $500 to top up my ETH gas and it has been heldup by our largest bank…… yet I can withdraw 50k per day. Liquidity is much worse vs 2021 as a result.

People can draw their own conclusion from that.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on November 20, 2024, 05:49:58 PM
Quote from: Mayday on November 20, 2024, 02:46:52 PM
Absolutely epic run, I agree. In addition, Saylor is a man of his word and continues to cement his place as CEO of Bitcoin. With MSTR a clear leverage on leverage play, its rallying hard which is great news for all of us.

Yes, awesome play by you on MSTR. Well done 👍  just don’t forget I said it’s about the drawdowns in the bear market, that’s where the risk is for them. When we go up it’s not a risk as we have seen. The balls on this guy though, seriously I am rooting for him, we love an underdog.

I am more bullish than most here which is ironic. I still have a bottoming in Mar 2025 fwiw as it’s a decade long trend but We all have roles to play and push/pull is the equilibrium.

I bought my first Bitcoin already BTW 😀 just the 1.

Like many countries, down here it’s harder to buy Bitcoin vs 4yrs ago. I had some big numbers (for a peasant) on our largest exchange last cycle. This week I sent $500 to top up my ETH gas and it has been heldup by our largest bank…… yet I can withdraw 50k per day. Liquidity is much worse vs 2021 as a result.

People can draw their own conclusion from that.

Wait a minute…. Aren’t you the guy that said bitcoin would top at 76k???? You know just some food for thought. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on November 20, 2024, 05:54:30 PM
95,000.00!!!

https://www.benzinga.com/markets/cryptocurrency/24/11/42076384/dogecoin-millionaire-predicts-ethereum-to-hit-15000-if-bitcoin-cracks-200000

New article if BTC hits 200,000.00 ETH will hit 15,000.00. Fingers crossed obsidian.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 20, 2024, 06:35:37 PM
Quote from: SouJerz on November 20, 2024, 05:49:58 PM
Wait a minute…. Aren’t you the guy that said bitcoin would top at 76k???? You know just some food for thought.

It did. I did 17.5k to 73.1k. Then price went down for 7mths and I rebought -90% or more down on alts. You said 100k in March.

I’m already on my second bullrun vs people still in their first. On this current run I said it had to break 76k decisively to break trend. It did.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on November 20, 2024, 07:21:50 PM
lol why is it so hard for you to admit you are flat out wrong?   You remind me of like every girl friend I’ve ever had.  You can’t admit you are wrong and constantly want to change the topic to one you are correct at.   Here I’ll say it for you. 


Mayday is a dumbass.  This dumbass said bitcoin will top out at 76k he said he was a genius for selling at 73k but no he was wrong.   He is wrong.  But he will always argue that he is right.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on November 20, 2024, 08:09:38 PM
96,563.26!!!

Keep stacking satoshis!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 21, 2024, 12:27:01 AM
$96969.69
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 21, 2024, 10:16:16 AM
$97979.79
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 21, 2024, 10:30:24 AM
@Obsidian - do you recall our prior discussion on mining costs? You were concerned BTC miners were not profitable, whereas I pointed out that many were profitable and indeed were evening using excess funds to buy BTC, and where I explained the natural mining cycle?

Well, now, exactly as I have said, you can see - average cost of mining reported by MacroMicro to be $83349. Average price of coin now $97,000. So, not only is mining profitable, hash rate at record highs, but also the mining companies have made massive gains on the BTCs they accumulated (which they can either hodl, or use for business costs of cap-ex on new rigs). Its a beautiful virtuous cycle...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 21, 2024, 11:13:13 AM
Gary Gibsler will be quitting!

https://www.barrons.com/articles/sec-chair-gensler-resign-inaguration-day-7eb9b95a
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 21, 2024, 12:33:05 PM
Quote from: Flexacon on November 21, 2024, 11:13:13 AM
Gary Gibsler will be quitting!

https://www.barrons.com/articles/sec-chair-gensler-resign-inaguration-day-7eb9b95a

Positive for BTC, and positive for crypto in general.

On another note, Michael Saylor will be presenting to the board of directors at Microsoft prior to the shareholder meeting to consider adopting BTC as part of their treasury reserve. This shit keeps on getting better and better doesn't it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 21, 2024, 01:17:33 PM
Quote from: gib on November 21, 2024, 12:33:05 PM
Positive for BTC, and positive for crypto in general.

On another note, Michael Saylor will be presenting to the board of directors at Microsoft prior to the shareholder meeting to consider adopting BTC as part of their treasury reserve. This shit keeps on getting better and better doesn't it.

Very positive.

Crypto projects that had been developed and launched in the USA will have zero tax under Trump. Do your research and bid those coins!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on November 22, 2024, 02:10:32 AM
It is quite interesting that they made crypto legal in China. I don't understand their laws in that regard, but I don't think Chinese people, in China, are allowed to buy American stocks - as an example.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 22, 2024, 06:12:00 AM
Quote from: FitnessFrenzy on November 22, 2024, 02:10:32 AM
It is quite interesting that they made crypto legal in China. I don't understand their laws in that regard, but I don't think Chinese people, in China, are allowed to buy American stocks - as an example.

Crypto is not legal in China, to the extent it is a security (which is almost all crypto).

However BTC is. How that can be is because BTC is a mathematical algorithm, interacted with through thought. It would be like make clouds illegal, or prime numbers illegal - it can't practically be done, much as CCP would actually like to control everything in China, right down to laws of nature.

In theory a person in China can buy any US asset, but one big problem is getting currency out of China. For most people, there are many foreign exchange restrictions, so even if they wanted to, they could not really buy US stocks in any great amounts.

At a less theoretical level, yes, China knows it cannot stop BTC, but it also knows (game theory) that if you can't beatem, joinem. So, they are now moving fast to catch up again with Bitcoin adoption. Especially in Hong Kong, they are now pushing banks to fully incorporate Bitcoin and make it available to all customers.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on November 22, 2024, 11:09:03 AM
Quote from: gib on November 22, 2024, 06:12:00 AM
Crypto is not legal in China, to the extent it is a security (which is almost all crypto).

China made bitcoin legal to own the other day. Google it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on November 22, 2024, 03:35:04 PM
Quote from: jude2 on November 18, 2024, 04:56:36 PM
I want that.

Killer car that's for sure.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Andy Griffin on November 22, 2024, 04:35:08 PM
Crypto Wendy On has a decent show on j3wtube even though she's long since hit the wall.

100K is on the way
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on November 22, 2024, 05:39:21 PM
Interesting moves happening with ADA and XLM and XRP and HBAR.  According to zero-hedge retail hasn’t started buying yet.  I don’t know how much of that I believe but seems like we are in extreme greed mode currently.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on November 22, 2024, 05:41:06 PM
Just a little food for thought if anyone plans on taking profits but I’d stick to the plan and KEEP STACKING SATOSHIS!!! 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: jude2 on November 22, 2024, 06:46:13 PM
Quote from: Theoak* on November 22, 2024, 03:35:04 PM
Killer car that's for sure.
Nice!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 22, 2024, 09:24:43 PM
Quote from: SouJerz on November 22, 2024, 05:41:06 PM
Just a little food for thought if anyone plans on taking profits but I’d stick to the plan and KEEP STACKING SATOSHIS!!!

Good graph. Like you, I plan to keep stacking.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 22, 2024, 09:31:04 PM
Quote from: FitnessFrenzy on November 22, 2024, 11:09:03 AM
China made bitcoin legal to own the other day. Google it.

Google may be confusing you. Owning Bitcoin was never "illegal" in China.

However, certain types of mining activities were essentially made "illegal" in the past, banks were discouraged from accepting Bitcoin, and laws against the issuance of illegal securities have been enforced.

What has happened (and maybe this is what you are referring to), is that in the past numerous local Courts have "confirmed" that Bitcoin can be property capable of being owned by people. (This has usually been in the context of civil disputes, not criminal cases). But again, owning BTC in itself has never been illegal in China. (Now, if you were to use BTC to avoid capital controls, avoid taxes, etc, that would of course be illegal. But again, in such a case, it is not the Bitcoin, but rather the activity engaged in, which happens to be using Bitcoin which is illegal - make sense)?

As you may know, I have extremely deep connections in China (go back and read the beginnings of the GetBig Covid thread and you will see how early I was telling us all here about what was coming...) so you can be sure I am correct with explanations such as this one.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 23, 2024, 02:12:12 AM
Quote from: gib on November 22, 2024, 09:31:04 PM


What has happened (and maybe this is what you are referring to), is that in the past numerous local Courts have "confirmed" that Bitcoin Cryptocurrency can be property capable of being owned by people.

Fixed for accuracy
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 23, 2024, 03:40:54 AM
Quote from: Flexacon on November 23, 2024, 02:12:12 AM
Fixed for accuracy

Correct.

None are considered as 'securities' either..

Shanghai court confirms legal recognition of crypto ownership

Cryptocurrencies are treated by Chinese law as a class of virtual commodities with property-like features, allowing individuals to own them as personal assets.

Under existing laws, Chinese courts have ruled that digital assets can qualify as property.

Chinese citizens are legally allowed to hold cryptocurrencies, but business entities are not.

https://www.fxstreet.com/cryptocurrencies/news/shanghai-court-confirms-legal-recognition-of-crypto-ownership-202411211417
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on November 23, 2024, 06:54:53 AM
Quote from: gib on November 22, 2024, 09:24:43 PM
Good graph. Like you, I plan to keep stacking.

Precisely gib!   And some more food for thought.  58 million individuals can claim a net worth of 1 million or more on the planet.  Only 21 million bitcoin ever minted.  With 1 million in satoshis wallet.  If anyone thinks 100,000k is the top you need to work on your math skills.  There aren’t even enough bitcoin for every millionaire to own just one.

Also it will be the currency of the moon, mars, space….   Cash is too heavy and too expensive to put on a rocket ship.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 24, 2024, 01:41:36 AM
Quote from: SouJerz on November 23, 2024, 06:54:53 AM
Precisely gib!   And some more food for thought.  58 million individuals can claim a net worth of 1 million or more on the planet.  Only 21 million bitcoin ever minted.  With 1 million in satoshis wallet.  If anyone thinks 100,000k is the top you need to work on your math skills.  There aren’t even enough bitcoin for every millionaire to own just one.

Also it will be the currency of the moon, mars, space….   Cash is too heavy and too expensive to put on a rocket ship.

That's right. And sadly, those who think BTC is "too expensive" will miss out on BTC, and instead buy "alts", thinking they are a cheaper version of BTC, not realizing that the supply is alts is literally infinite, whilst wealth is inherently finite and flow where it is best protected.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 24, 2024, 01:54:36 AM
Quote from: Griffith on November 23, 2024, 03:40:54 AM
Correct.

None are considered as 'securities' either..

Shanghai court confirms legal recognition of crypto ownership

Cryptocurrencies are treated by Chinese law as a class of virtual commodities with property-like features, allowing individuals to own them as personal assets.

Under existing laws, Chinese courts have ruled that digital assets can qualify as property.

Chinese citizens are legally allowed to hold cryptocurrencies, but business entities are not.

https://www.fxstreet.com/cryptocurrencies/news/shanghai-court-confirms-legal-recognition-of-crypto-ownership-202411211417

Guys - Whilst comments like this and Flex's are well-meaning, they demonstrate perfectly why you should not rely on a media report of a legal decision, yet one from a civil case in China, reported in English by a "financial journalist" who really has no legal training, and then re-reposted by a member on a chat forum, such as GetBig :)

You have to remember I have deep connections in this space across Asia. So, please believe me, when I tell you that securities laws very much apply in HK and in China. There are some decent summaries of the law in China (and HK) available if you do a little more research. For example, a good summary of the current position is set out here:

You can even find translations of the law. For example:

http://www.pbc.gov.cn/english/130721/3377816/index.html

"Organizations or Individuals Shall Engage Not in Illegal Fundraising through Coin Offering - From the date of release of this Notice, fundraising through coin offering shall be banned immediately. Any individuals or organizations that have completed fundraising through coin offering shall make arrangements to return the funds raised, and to ensure that the legitimate rights and interests of the investors are protected and the risks involved are properly managed. The government departments concerned will strictly investigate and address the coin offering activities that have continued despite the ban and the illegal activities in the projects that had completed fundraising."

"Any so-called platform that provide trading and exchange services for coin offering shall not engage in exchange businesses between legal tender and token or “virtual currency”; or engage in proprietary trading activities or trading as an central counterparty of tokens or “virtual currencies”; or provide pricing services or act as information intermediary for tokens or “virtual currencies”."

Various China-based law-firms also publish summaries of the current regulatory approach:

https://www.kwm.com/cn/en/insights/latest-thinking/tokenisation-of-securities-and-other-investment-products.html

"Since tokenisation is a “wrapper” that does not change the fundamental nature of an investment product ... [that] should not, in and of itself, affect the applicability of these PRC legal and regulatory requirements."

See also: https://www.degruyter.com/document/doi/10.1515/ijdlg-2024-0007/html?

"In September 2021, the Notice on Further Preventing and Resolving the Risks of Virtual Currency Trading and Speculation was issued by the People’s Bank of China, the Cyberspace Administration of China, and other ministries emphasizing that the business activities related to virtual currency are illegal financial activities. All government departments, administrative regions, and industry associations shall fully leverage various media and other communication channels to educate the public about the unlawfulness, and harmfulness, to enhance public awareness of risk prevention (PBC 2021). For the first time, overseas virtual currency exchanges providing services to Chinese residents via the Internet are also illegal financial activities."

Having said that, anywhere, but especially in China, there is distinction between the law, and the enforcement of it (which is very selective). As a result we will, at least initially, see BTC embraced, (perhaps also ETH) whilst at the same time securities laws very much enforced (which in turn apply to the vast majority of what we in the West call "crypto"). We will likely see USD stable coins discouraged (for political reasons, if not anything else). Bare in mind also, there is BIG distinction between HK, and China, in terms of legal and financial system. In HK, they have already moved to a much great greater acceptance of some types of "crypto" beyond BTC, such as ETH. But again, securities law are harshly enforced in HK.




Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 24, 2024, 03:51:53 AM
Quote from: gib on November 24, 2024, 01:54:36 AM

You have to remember I have deep connections in this space across Asia. So, please believe me, when I tell you that securities laws very much apply in HK and in China. There are some decent summaries of the law in China (and HK) available if you do a little more research. For example, a good summary of the current position is set out here:


Let's look at your recent record as an expert in Securities laws ..

Quote from: Flexacon on September 25, 2024, 06:17:00 AM

Tell me again about how all ALTs are going to banned by the SEC

Tell me again how Wall St cronies would never allow an ETH ETF as they chose BTC as their winner.

Tell me again how you're a securities law expert by profession and how ETH would be declared a security.


(https://i.imgflip.com/7ggjwh.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 24, 2024, 04:08:09 AM
Quote from: gib on November 24, 2024, 01:54:36 AM
Guys - Whilst comments like this and Flex's are well-meaning, they demonstrate perfectly why you should not rely on a media report of a legal decision, yet one from a civil case in China, reported in English by a "financial journalist" who really has no legal training, and then re-reposted by a member on a chat forum, such as GetBig :)

You have to remember I have deep connections in this space across Asia. So, please believe me, when I tell you that securities laws very much apply in HK and in China. There are some decent summaries of the law in China (and HK) available if you do a little more research. For example, a good summary of the current position is set out here:

You can even find translations of the law. For example:

http://www.pbc.gov.cn/english/130721/3377816/index.html

"Organizations or Individuals Shall Engage Not in Illegal Fundraising through Coin Offering - From the date of release of this Notice, fundraising through coin offering shall be banned immediately. Any individuals or organizations that have completed fundraising through coin offering shall make arrangements to return the funds raised, and to ensure that the legitimate rights and interests of the investors are protected and the risks involved are properly managed. The government departments concerned will strictly investigate and address the coin offering activities that have continued despite the ban and the illegal activities in the projects that had completed fundraising."

"Any so-called platform that provide trading and exchange services for coin offering shall not engage in exchange businesses between legal tender and token or “virtual currency”; or engage in proprietary trading activities or trading as an central counterparty of tokens or “virtual currencies”; or provide pricing services or act as information intermediary for tokens or “virtual currencies”."

Various China-based law-firms also publish summaries of the current regulatory approach:

https://www.kwm.com/cn/en/insights/latest-thinking/tokenisation-of-securities-and-other-investment-products.html

"Since tokenisation is a “wrapper” that does not change the fundamental nature of an investment product ... [that] should not, in and of itself, affect the applicability of these PRC legal and regulatory requirements."

See also: https://www.degruyter.com/document/doi/10.1515/ijdlg-2024-0007/html?

"In September 2021, the Notice on Further Preventing and Resolving the Risks of Virtual Currency Trading and Speculation was issued by the People’s Bank of China, the Cyberspace Administration of China, and other ministries emphasizing that the business activities related to virtual currency are illegal financial activities. All government departments, administrative regions, and industry associations shall fully leverage various media and other communication channels to educate the public about the unlawfulness, and harmfulness, to enhance public awareness of risk prevention (PBC 2021). For the first time, overseas virtual currency exchanges providing services to Chinese residents via the Internet are also illegal financial activities."

Having said that, anywhere, but especially in China, there is distinction between the law, and the enforcement of it (which is very selective). As a result we will, at least initially, see BTC embraced, (perhaps also ETH) whilst at the same time securities laws very much enforced (which in turn apply to the vast majority of what we in the West call "crypto"). We will likely see USD stable coins discouraged (for political reasons, if not anything else). Bare in mind also, there is BIG distinction between HK, and China, in terms of legal and financial system. In HK, they have already moved to a much great greater acceptance of some types of "crypto" beyond BTC, such as ETH. But again, securities law are harshly enforced in HK.

The judge said it is “not illegal for individuals to hold cryptocurrency.”

Here's an article from the South China Morning Post:

https://www.scmp.com/tech/blockchain/article/3287415/shanghai-court-says-crypto-ownership-legal-under-china-law-amid-bitcoin-price-surge
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 24, 2024, 06:26:01 AM
Quote from: Flexacon on November 24, 2024, 03:51:53 AM
Let's look at your recent record as an expert in Securities laws ..

(https://i.imgflip.com/7ggjwh.jpg)

We are going around in circles here Flex. What is the purpose of you making this post? To show that I can sometimes be wrong in my predictions I am guessing?

I have already explained to you many times now, the SEC's job is to enforce the law (not make the law), And the SEC has taken action against, and successfully prosecuted hundreds of illegal "alt" issuers as well as those who facilitate the trading thereof. Will the SEC continue to pursue ETH as a security? It seems not. Did they have good reason to? Of course they did. The SEC is well funded, with some of the best securities lawyers in the world. They don't just bring cases for fun. When do bring a case, it is obviously with very good reason for doing so. And I can guarantee Gensler knows more about you than securities law (or even me for that matter). From an academic perspective, we had very good reason for our views. Not to mention Saylor also predicted ETH would not be approved as an ETF, among many other very smart people. I would suggest you to look more at the rationale of a person who makes a prediction when assessing their expertise, rather than the outcome per se. Not just in finance, but actually in any field.

Why did the SEC decide not pursue ETH? This is a much longer discussion, but if you do your research, or even if not, it should actually be blatantly obvious why so many alts are clearly securities - essentially they are simply business (at best), with shares issued to the public in those businesses, represented by "crypto tokens". Please go and read my prior posts for longer explanations, as I don't want to repeat myself more than is necessary, but in a nutshell, you can't take a security and just call it a "token" and then think its suddenly not a security. In securities language we say "we look at substance over form" to describe this principle.

Having said that, the securities-like qualities of ETH are in part why it is underperforming BTC (down 38% to BTC just this year alone) and why it will likely continue to do so. In the long run, the market figures these things out, regardless of any investor protections which are put in place.. So, if for example, every form of shitcoin was made "legal" we might see an initial flurry of interest, and followed by a seemingly endless supply of shitcoins issues and accompanying shitcoinery - it would not end well. But out of that mess, a very small number of such coins would eventually survive, with many "investors" having learned their lesson along the way, with of course BTC simply continuing to grow more and more dominant every time such a cycle completes, for obvious reasons.

If you prefer to watch videos rather then doing your own research, here is a good clip I urge you to watch

i=eNZbmcDngyj564wO
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 24, 2024, 06:32:01 AM
Quote from: Griffith on November 24, 2024, 04:08:09 AM
The judge said it is “not illegal for individuals to hold cryptocurrency.”

Here's an article from the South China Morning Post:

https://www.scmp.com/tech/blockchain/article/3287415/shanghai-court-says-crypto-ownership-legal-under-china-law-amid-bitcoin-price-surge

Griffith - I know you mean well. But a judge, in a single court in China, in a civil case, involving Bitcoin, does not, and cannot, make laws around what a "cryptocurrency" is, let along how it may be used in China - trust me on that. The commentary on issues not related to Bitcoin, (what we in latin call obiter dictum) is nevertheless of interest (and it is this what the media picked up on when reporting that "xyz is not "legal" in China). In reality it's far more complicated than that. Remember also, that to own any type of crypto in China means you need to either have created it, mined, it, purchased it (and/or be planning to sell it). All categories of which come with a range of legal risks in China, even for Bitcoin, let along any other "cryptocurrency". And it such a case, citing the obiter of a civil case, related to a dispute over the ownership of Bitcoin, of a judge in a Court in Shanghai, is not going to help you much ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on November 24, 2024, 07:16:57 AM
Quote from: gib on November 24, 2024, 06:32:01 AM
Griffith - I know you mean well. But a judge, in a single court in China, in a civil case, involving Bitcoin, does not, and cannot, make laws around what a "cryptocurrency" is, let along how it may be used in China - trust me on that. The commentary on issues not related to Bitcoin, (what we in latin call obiter dictum) is nevertheless of interest (and it is this what the media picked up on when reporting that "xyz is not "legal" in China). In reality it's far more complicated than that. Remember also, that to own any type of crypto in China means you need to either have created it, mined, it, purchased it (and/or be planning to sell it). All categories of which come with a range of legal risks in China, even for Bitcoin, let along any other "cryptocurrency". And it such a case, citing the obiter of a civil case, related to a dispute over the ownership of Bitcoin, of a judge in a Court in Shanghai, is not going to help you much ...

The point is that the discussion is about cryptocurrency, to omit this and only refer to bitcoin is disingenuous.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 24, 2024, 09:46:19 AM
Quote from: Griffith on November 24, 2024, 07:16:57 AM
The point is that the discussion is about cryptocurrency, to omit this and only refer to bitcoin is disingenuous.

Ah - well I did to prevent people from taking away the wrong principles to apply from this case. This has been my aim here all along. If you want to apply this judgement in some way, in a manner that exposes you to a "cryptocurrency" investment in China, be my guest. It will very likely work out not well for you...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on November 24, 2024, 01:15:28 PM
Quote from: gib on November 24, 2024, 09:46:19 AM
Ah - well I did to prevent people from taking away the wrong principles to apply from this case. This has been my aim here all along. If you want to apply this judgement in some way, in a manner that exposes you to a "cryptocurrency" investment in China, be my guest. It will very likely work out not well for you...

You still miss the point. It wasn't us "implying" anything. It was the judge dealing with the case setting new jurisprudence.

I'm sure you'll get there eventually



(https://steamuserimages-a.akamaihd.net/ugc/2029470694572294358/FC49B75B37499D2C09386E5DF6EE3694DD491E5E/?imw=5000&imh=5000&ima=fit&impolicy=Letterbox&imcolor=%23000000&letterbox=false)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 25, 2024, 01:11:33 AM
Quote from: Flexacon on November 24, 2024, 01:15:28 PM
You still miss the point. It wasn't us "implying" anything. It was the judge dealing with the case setting new jurisprudence.

I'm sure you'll get there eventually


You may be confusing yourself a little bit. Unlike HK, or the US, China does not have a common law system. This case you are referring to, was from a court in Shanghai, (not Hong Kong, where common law and the principle of judge made law does exist). In China, judges simply apply statutes and indeed almost always exclude case law. In other words, court cases are not law, and the judges in such cases don't create precedents. The only laws and rules applied are those codified by the legislature - ie the National People's Congress (NPC) and the so-called Standing Committee of National People's Congress. (This concept is really not understood well by the typical "financial journalist" reporters such as the ones cited, and that in turn often leads to a misunderstanding as to what the law in China actually is). The concept of "case law as we in the US understand it to mean, and which you likely have some understanding of, does not apply in China. (One reason is that the CCP does not want judges making law, for obvious reasons).

To own any type of "crypto" in China means you need to either have created it, mined, it, purchased it (and/or be planning to sell it). All categories of which come with a range of legal risks under existing Chinese law, indeed even to some extent still with Bitcoin also (although it is becoming apparent that even in China judges and more importantly financial regulators are starting to view BTC as a commodity), let alone any other "cryptocurrency" (please see my posts explaining the applicable laws above). The law is not so much changing, but rather the understanding of what BTC is and what makes it unique and then applying the law to this unique asset (such as understanding why it is not a security under Chinese law) slowly is. So, whilst the comments of the judge in this case, are nevertheless still of interest, let's not get carried away with misunderstanding and misstating what the law in China actually is, and lets not obfuscate the fundamental distinctions between Bitcoin and "crypto".
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 27, 2024, 04:49:17 AM
On a related note, speaking of China (albeit HK) we now have this very positive development...

https://dig.watch/updates/hong-kongs-za-bank-launches-bitcoin-and-ethereum-trading
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on November 27, 2024, 05:23:38 AM
Quote from: gib on November 27, 2024, 04:49:17 AM
On a related note, speaking of China (albeit HK) we now have this very positive development...

https://dig.watch/updates/hong-kongs-za-bank-launches-bitcoin-and-ethereum-trading

Poor gib still soliloquizing trying to keep that thread and the hype about his imaginary coins going somehow ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 27, 2024, 08:57:58 AM
Quote from: affeman on November 27, 2024, 05:23:38 AM
Poor gib still soliloquizing trying to keep that thread and the hype about his imaginary coins going somehow ;D

Imaginary coins that have gone from around 3.5K to 95K from the time this thread started...;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on November 27, 2024, 09:16:30 AM
Quote from: gib on November 27, 2024, 08:57:58 AM
Imaginary coins that have gone from around 3.5K to 95K from the time this thread started...;D

Why don't you sell then? As long as everybody HODLs and nobody sells price doesn't mean sh*t, it starts getting interesting if u wanna get real money for em ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 27, 2024, 12:04:04 PM
Quote from: affeman on November 27, 2024, 09:16:30 AM
Why don't you sell then? As long as everybody HODLs and nobody sells price doesn't mean sh*t, it starts getting interesting if u wanna get real money for em ;D

The "real money" as you call it, continues to devalue. You are looking at things backwards. BTC is the REAL MONEY. That was the entire purpose of its creation! 466 pages and BTC going up from 3.5K to 95K since this thread started and you still don't get it? Just get on board my man. Buy, and hodl. How hard can that be? If you follow this advice now, you will be extremely grateful you did in 10 years time - trust me on that.

We sell FAKE MONEY (Government printed fiat currencies) and buy REAL MONEY (BTC). The only time one might sell BTC is if one wanted to buy something of need or desire (car, house, food, etc), and even then we should not really sell BTC, but rather simply borrow against it if possible.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 27, 2024, 12:57:15 PM
Quote from: gib on November 27, 2024, 12:04:04 PM
The "real money" as you call it, continues to devalue. You are looking at things backwards. BTC is the REAL MONEY. That was the entire purpose of its creation! 466 pages and BTC going up from 3.5K to 95K since this thread started and you still don't get it? Just get on board my man. Buy, and hodl. How hard can that be? If you follow this advice now, you will be extremely grateful you did in 10 years time - trust me on that.

We sell FAKE MONEY (Government printed fiat currencies) and buy REAL MONEY (BTC). The only time one might sell BTC is if one wanted to buy something of need or desire (car, house, food, etc), and even then we should not really sell BTC, but rather simply borrow against it if possible.

Maybe it could be worded as money with reflection of the liquidity cycle?

The reality is the bear market reflects the true value. Once excess money is thrown out, we know what we are left with. The bottom value is true value + adoption hence the value has trended up.

Once adoption slows nearing saturation, the bottom value reflects true value more accurately.

There will always be bear markets because we always have liquidity buildup. The spill over into alts is a reflection the core item has no more oomph/growth therefore it hunts for gains in Degenerate City. Once you are in Degen City, that’s the end and liquidity will exit. Then back to true value we go.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 27, 2024, 03:43:20 PM
Quote from: gib on November 21, 2024, 10:30:24 AM
@Obsidian - do you recall our prior discussion on mining costs? You were concerned BTC miners were not profitable, whereas I pointed out that many were profitable and indeed were evening using excess funds to buy BTC, and where I explained the natural mining cycle?

Well, now, exactly as I have said, you can see - average cost of mining reported by MacroMicro to be $83349. Average price of coin now $97,000. So, not only is mining profitable, hash rate at record highs, but also the mining companies have made massive gains on the BTCs they accumulated (which they can either hodl, or use for business costs of cap-ex on new rigs). Its a beautiful virtuous cycle...
Hi Gib,

First of all, congrats on BTC running up to $99,553 on 11/22. It's only a matter of time before BTC breaches $100,000 and then things will get interesting. It's possible that BTC goes to $150-200K next year. We'll see!

Yes, it is now cheaper to mine than to buy BTC. Average cost to mine 1 BTC is currently around $88K. The problem for me still is the reduction in miner rewards every 4 years. 16-24 years from now it could be problematic.

I also think Saylor needs to stop buying BTC. He will become a single point of failure. MicroStrategy's value has completely detached from the crypto's performance.

https://www.fool.com/investing/2024/11/26/short-seller-slams-microstrategy-is-the-michael-sa/

MicroStrategy is unique on the stock market because it essentially acts like a leveraged Bitcoin ETF. Chief Executive Officer Michael Saylor, one of the biggest evangelists for the digital coin, began buying it for his company in 2020, and it held 252,220 bitcoins as of the end of the third quarter.

However, one well-known short-seller is now saying MicroStrategy is overvalued and that its model is unsustainable. Andrew Left of Citron Research posted his thesis on X, saying that while his company was bullish on MicroStrategy in 2020 as a way to invest in Bitcoin, it had now reversed its position.

Citron said that MicroStrategy's value has completely detached from the crypto's performance. Citron noted that it was still bullish on Bitcoin but was hedging that bet with a short position in MicroStrategy.

The company's stock plunged 16% last Thursday when Citron published its short report.

The bear case for MicroStrategy

Left is correct that MicroStrategy's fundamentals have become detached from Bitcoin's value. It does have a small software business, but it's basically negligible as far as its valuation is concerned -- its market cap was $94.8 billion as of Nov. 22. It now identifies itself as a Bitcoin treasury company.

But its Bitcoin holdings don't justify that valuation, either, because based on its market cap and those holdings, the company is valued at $375,864 per token, which is nearly four times the price of the cryptocurrency -- $98,807 -- at the time of writing. The value of the Bitcoin held on its balance sheet is now $22.4 billion.

Currently, MicroStrategy is sitting on a gain of $49,441 per Bitcoin, with an average purchase price of $39,266. In total, it has gained $12.5 billion from its Bitcoin purchases.

The company also has $4.2 billion in long-term debt as it continues to borrow money and sell stock to buy the crypto.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 27, 2024, 03:46:41 PM
Quote from: Theoak* on November 17, 2024, 12:25:23 PM
Purchased borrowing against  btc
Nice, but how did you pay off the money you borrowed against BTC? Did you have to sell some BTC to pay off the loan? With ETH staking you can sell your staking yields to pay off loans and your principle ETH holdings remain untouched.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 27, 2024, 03:59:12 PM
Quote from: affeman on November 27, 2024, 09:16:30 AM
Why don't you sell then? As long as everybody HODLs and nobody sells price doesn't mean sh*t, it starts getting interesting if u wanna get real money for em ;D
If he sold 56 BTC it would not affect the price. There's enough liquidity to absorb that. An exchange with high liquidity would probably be the best place. He doesn't live in the US so he could use Binance. US customers have to use Binance.US which has a lot less volume so trades may take longer.

https://coinrivet.com/guides/trading/is-volume-important-for-cryptocurrency-exchanges/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 27, 2024, 04:00:16 PM
Quote from: Mayday on November 27, 2024, 12:57:15 PM
Maybe it could be worded as money with reflection of the liquidity cycle?

The reality is the bear market reflects the true value. Once excess money is thrown out, we know what we are left with. The bottom value is true value + adoption hence the value has trended up.

Once adoption slows nearing saturation, the bottom value reflects true value more accurately.

There will always be bear markets because we always have liquidity buildup. The spill over into alts is a reflection the core item has no more oomph/growth therefore it hunts for gains in Degenerate City. Once you are in Degen City, that’s the end and liquidity will exit. Then back to true value we go.
Good post. Perhaps the bottom and top meet each other half way over time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 27, 2024, 04:01:52 PM


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 27, 2024, 04:08:58 PM
Ethereum inflation has been 0.315% the past 30 days. It may go deflationary again once blob space is filled and an increase in transaction volume. L2 fees are now very low after the Dencun upgrade. It reduced the amount of ETH burned. Before Dencun Ethereum's inflation was around -0.5%.

Note that Bitcoin's current inflation is around 0.83% which is more than double the Ethereum inflation. Solana's inflation is around 6-7%. There's also a 11.16 million token (2.35% of supply) unlock next year in March. That might affect the price.

https://solana.messari.io/token-unlocks

https://ultrasound.money/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on November 27, 2024, 11:59:07 PM
Quote from: obsidian on November 27, 2024, 04:00:16 PM
Good post. Perhaps the bottom and top meet each other half way over time.


If it’s the bottom it’s mean reversion and should correlate to the Money supply expansion over a period of time the more mature it gets.

Once mean reversion is completed, it should begin trending up and correlate to liquidity.

The larger it gets the greater the odds it breaks The 4yr cycle. The ETFs likely changed the structure as it’s S&P flow related. The S&P doesn’t crash -85% every 4yrs and they are the biggest consistent buyers now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on November 28, 2024, 06:43:48 PM
Quote from: obsidian on November 27, 2024, 03:46:41 PM
Nice, but how did you pay off the money you borrowed against BTC? Did you have to sell some BTC to pay off the loan? With ETH staking you can sell your staking yields to pay off loans and your principle ETH holdings remain untouched.

Use btc as collateral, next year when loan is due  I just refinance using less collateral. Btc is up 30% since loan.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 29, 2024, 05:06:58 AM
Just a little factoid ... this thread stated on 18 June 2015. At that time BTC was $225 per coin.

Today its, $97,000 per coin.

That is a an increase of 43,011% over that time period.

This is what happens when you get exponential demand and adoption of an asset which is truly limited in supply.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: grubbiergoose on November 29, 2024, 12:55:29 PM
Quote from: Theoak* on November 28, 2024, 06:43:48 PM
Use btc as collateral, next year when loan is due  I just refinance using less collateral. Btc is up 30% since loan.

What place did you use for the loan? A lot of people got fucked from celsius using their platform.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on November 29, 2024, 01:29:31 PM
Quote from: Theoak* on November 28, 2024, 06:43:48 PM
Use btc as collateral, next year when loan is due  I just refinance using less collateral. Btc is up 30% since loan.
What are the refinance fees? Which entity is giving the loan and taking your BTC as collateral? What if they go up in smoke like FTX / Celsius?

We will likely have another bear market. When the BTC value declines you might be forced to pay off the loan. How will you pay it off? By selling BTC?

I fail to see how anyone can use BTC as collateral to get a loan and not end up selling BTC to pay off the loan. You won't be able to keep refinancing until you don't have to offer any BTC as collateral.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on November 30, 2024, 01:55:29 AM
Quote from: obsidian on November 29, 2024, 01:29:31 PM
What are the refinance fees? Which entity is giving the loan and taking your BTC as collateral? What if they go up in smoke like FTX / Celsius?

We will likely have another bear market. When the BTC value declines you might be forced to pay off the loan. How will you pay it off? By selling BTC?

I fail to see how anyone can use BTC as collateral to get a loan and not end up selling BTC to pay off the loan. You won't be able to keep refinancing until you don't have to offer any BTC as collateral.

You have touched on a few things here. First is the risk of the custodian of the BTC as security, either going bankrupt, or committing theft of the coin via fraud. We of course all know NYKNYC, but if you are trusting a 3rd party to hold your coin as security, you had better go with a regulated financial institution, and/or hope that their assets are segregated, such that in the event they do collapse, your BTC does not form part of the assets against which creditors have a claim. So, read the lending T&Cs, which few people do. In the event of a lender collapse or fraud, you of course would still have the money they lent you, but usually that would be less than the value of the BTC iit is secured against. A safer way is to do this via smart contract, where the loan is governed entirely by pre-defined variables.

The second point you make really simply relates to volatility. Ie, how can we be sure that the value of the BTC does not drop to a level such that the lender makes a call on the security due to the agreed upon max loan to equity ratio being reached. And this is really about risk management. So, just like with a house, secured by a loan - we know that over time the nominal value of the house will increase beyond the nominal amount borrowed. So, lets say house is 1m, and you borrow 500K (paying interest only). Year 2, house is with 1.1m, year, 1.2m, year 3 drops to 950K, year 4to  900K, 5, 1m, 6, 1.2m, 7, 1.4m, 8 1,7m, 9 2m, etc. In other words, we know the nominal value of asset will go up over time, but we know there is a degree of volatility. So the key is to borrow only as much as the max vol you can tolerate (and then also to have extra BTC available in case you really are asked to top up the loan ratio). So, in other words, say you forecast that at any point, BTC could drop a max amount of 50% in value (Eg now, from 100K to 50K), the most you would ever borrow against that BTC to ensure you are never wiped out is 50K per coin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 01, 2024, 06:26:19 AM
Ethereum ETFs See Record $333M Inflows, Outpacing Bitcoin Funds as Catch-Up Trade Gains Momentum

https://www.coindesk.com/markets/2024/12/01/ethereum-etfs-see-record-333-m-inflows-outpacing-bitcoin-funds-as-catch-up-trade-gains-momentum
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on December 01, 2024, 01:13:49 PM
Quote from: grubbiergoose on November 29, 2024, 12:55:29 PM
What place did you use for the loan? A lot of people got fucked from celsius using their platform.

ledn
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on December 01, 2024, 01:17:46 PM
Quote from: obsidian on November 29, 2024, 01:29:31 PM
What are the refinance fees? Which entity is giving the loan and taking your BTC as collateral? What if they go up in smoke like FTX / Celsius?

We will likely have another bear market. When the BTC value declines you might be forced to pay off the loan. How will you pay it off? By selling BTC?

I fail to see how anyone can use BTC as collateral to get a loan and not end up selling BTC to pay off the loan. You won't be able to keep refinancing until you don't have to offer any BTC as collateral.

Most of my loans are done in  a bear market, I have over 400k in loans. I put in what I can afford to lose. Ledn outsurvived them all.

I have a loan coming up in that needs to be repaid 60k for 2.7 btc collateral. If I reborrow with another 2.7btc as collateral  that's 133k I get. Repay my existing loan and have 73k left over with same amouth or collateral.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 03, 2024, 09:04:41 AM
For those interested in alts, Uniswap and Filecoin are seeing continued surges in trading volume, which if you look at prior patterns, usually point to a surge in price coming in these tokens.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 03, 2024, 12:37:40 PM
Quote from: Theoak* on December 01, 2024, 01:17:46 PM
Most of my loans are done in  a bear market, I have over 400k in loans. I put in what I can afford to lose. Ledn outsurvived them all.

I have a loan coming up in that needs to be repaid 60k for 2.7 btc collateral. If I reborrow with another 2.7btc as collateral  that's 133k I get. Repay my existing loan and have 73k left over with same amouth or collateral.
Calculations based on $800,000 worth of BTC at $20,000 per BTC:

Initial Loan Details:
BTC Pledged: $800,000 ÷ $20,000 = 40 BTC
Loan-to-Value (LTV): 50%
Loan Amount: $800,000 × 50% = $400,000

Interest Calculation:
Assume an interest rate of 10% per year.

Annual interest = $400,000 × 10% = $40,000
Over 3 years, total interest paid = $40,000 × 3 = $120,000

After 3 Years:
BTC Price: Bitcoin is now worth $100,000.
BTC Collateral: You still hold 40 BTC (assuming no liquidation or additional collateral was needed).
Collateral Value: 40 BTC × $100,000 = $4,000,000.

In this example you're paying $120,000 in interest. That's 1.2 BTC @ $100,000 / BTC.

I still fail to see how you avoid forking over money to LEDN.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 03, 2024, 12:42:08 PM
Quote from: gib on December 03, 2024, 09:04:41 AM
For those interested in alts, Uniswap and Filecoin are seeing continued surges in trading volume, which if you look at prior patterns, usually point to a surge in price coming in these tokens.
Doge, XRP, and ADA have done well in the past 30 days. My gains with those three are over $100,000 since Trump won—lol! Of course, these are unrealized gains. I will take some profits next year. I am not going to sit on the sidelines for another four years as I did in two previous cycles.

Your BTC gains must be close to $2 million!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on December 03, 2024, 03:27:52 PM
Quote from: obsidian on December 03, 2024, 12:37:40 PM
Calculations based on $800,000 worth of BTC at $20,000 per BTC:

Initial Loan Details:
BTC Pledged: $800,000 ÷ $20,000 = 40 BTC
Loan-to-Value (LTV): 50%
Loan Amount: $800,000 × 50% = $400,000

Interest Calculation:
Assume an interest rate of 10% per year.

Annual interest = $400,000 × 10% = $40,000
Over 3 years, total interest paid = $40,000 × 3 = $120,000

After 3 Years:
BTC Price: Bitcoin is now worth $100,000.
BTC Collateral: You still hold 40 BTC (assuming no liquidation or additional collateral was needed).
Collateral Value: 40 BTC × $100,000 = $4,000,000.

In this example you're paying $120,000 in interest. That's 1.2 BTC @ $100,000 / BTC.

I still fail to see how you avoid forking over money to LEDN.

Cheers thanks for the math, I'll let you know how  it goes in another 4 years when I've yet to sell a btc and continue paying interest.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 03, 2024, 05:34:42 PM
[quote author=obsidian link=topic=574601.msg10326314#msg10326314 date=1733258260

I still fail to see how you avoid forking over money to LEDN.




What he is doing is fine. There is no issue with the numbers as he said he takes the loan during the bear market and therefore gives him headroom to absorb interest (depending on the contract he can not make payments and instead let interest eat into the capital) and downward price action.

The potential flaw you are looking for is:

What The masses don’t understand about using collateral loans is they are deferred future tax events. The moment liquidation, sale, transfer occurs, you trigger those deferred tax events. Mongs think the loan is debt when it’s really deferred future capital gains based on profit which is taxable.

Make sense?

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 04, 2024, 12:27:56 PM
1.3% to go on BTC to hit the 100K barrier!

Uniswap and Filecoin are spiking. Eth also nicely up.

Here's why.

https://www.cnbc.com/2024/12/04/trump-plans-to-nominate-paul-atkins-as-sec-chair.html

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on December 04, 2024, 06:54:43 PM
Quote from: Mayday on November 07, 2024, 06:16:11 PM
I already said Saylor was a legend so far but it was about this peak and next bear. He survived the bear, awesome! He has since doubled down, I hope he wins because it’d be the most awesome statue worthy move.

Does no one realise I bought the bottom, sold the 1st top, bought the 2nd bottom and are in position ??? I said I would t give all movements because I only copped flack for it 😂

When we go over 100k this year like 99% guaranteed, we can agree I got this cycle horrifically wrong. I said 76k, we are at 76k and I said a peak in October is seasonal….  Price hasn’t destroyed my model yet, go above 100k this year and it will be. Unless Saylor does something really dumb, over 100k this year he likely is one of the greatest players of all time.

We could say over 100k this year and I delete my account. Under 100k this year and delete yours?

 Popcorn ready for Mayday to acknowledge he got it horrifically wrong and he is now deleting his account. 


Welcome to 100k a bitcoin!!!!

Inside you are two wolves and both are wrong!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on December 04, 2024, 07:13:12 PM
Quote from: SouJerz on December 04, 2024, 06:54:43 PM

Welcome to 100k a bitcoin!!!!



(https://media.tenor.com/Sin0DOO2uMcAAAAM/trump-trump-dance.gif) (https://media.tenor.com/Sin0DOO2uMcAAAAM/trump-trump-dance.gif) (https://media.tenor.com/Sin0DOO2uMcAAAAM/trump-trump-dance.gif) (https://media.tenor.com/Sin0DOO2uMcAAAAM/trump-trump-dance.gif) (https://media.tenor.com/Sin0DOO2uMcAAAAM/trump-trump-dance.gif) (https://media.tenor.com/Sin0DOO2uMcAAAAM/trump-trump-dance.gif) (https://media.tenor.com/Sin0DOO2uMcAAAAM/trump-trump-dance.gif) (https://media.tenor.com/Sin0DOO2uMcAAAAM/trump-trump-dance.gif) (https://media.tenor.com/Sin0DOO2uMcAAAAM/trump-trump-dance.gif) (https://media.tenor.com/Sin0DOO2uMcAAAAM/trump-trump-dance.gif) (https://media.tenor.com/Sin0DOO2uMcAAAAM/trump-trump-dance.gif) (https://media.tenor.com/Sin0DOO2uMcAAAAM/trump-trump-dance.gif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 04, 2024, 07:19:18 PM
Quote from: loco on December 04, 2024, 07:13:12 PM

(https://media.tenor.com/Sin0DOO2uMcAAAAM/trump-trump-dance.gif) (https://media.tenor.com/Sin0DOO2uMcAAAAM/trump-trump-dance.gif) (https://media.tenor.com/Sin0DOO2uMcAAAAM/trump-trump-dance.gif) (https://media.tenor.com/Sin0DOO2uMcAAAAM/trump-trump-dance.gif) (https://media.tenor.com/Sin0DOO2uMcAAAAM/trump-trump-dance.gif) (https://media.tenor.com/Sin0DOO2uMcAAAAM/trump-trump-dance.gif) (https://media.tenor.com/Sin0DOO2uMcAAAAM/trump-trump-dance.gif) (https://media.tenor.com/Sin0DOO2uMcAAAAM/trump-trump-dance.gif) (https://media.tenor.com/Sin0DOO2uMcAAAAM/trump-trump-dance.gif) (https://media.tenor.com/Sin0DOO2uMcAAAAM/trump-trump-dance.gif) (https://media.tenor.com/Sin0DOO2uMcAAAAM/trump-trump-dance.gif) (https://media.tenor.com/Sin0DOO2uMcAAAAM/trump-trump-dance.gif)

 :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on December 04, 2024, 07:27:25 PM
Quote from: loco on December 04, 2024, 07:13:12 PM

(https://media.tenor.com/Sin0DOO2uMcAAAAM/trump-trump-dance.gif) (https://media.tenor.com/Sin0DOO2uMcAAAAM/trump-trump-dance.gif) (https://media.tenor.com/Sin0DOO2uMcAAAAM/trump-trump-dance.gif) (https://media.tenor.com/Sin0DOO2uMcAAAAM/trump-trump-dance.gif) (https://media.tenor.com/Sin0DOO2uMcAAAAM/trump-trump-dance.gif) (https://media.tenor.com/Sin0DOO2uMcAAAAM/trump-trump-dance.gif) (https://media.tenor.com/Sin0DOO2uMcAAAAM/trump-trump-dance.gif) (https://media.tenor.com/Sin0DOO2uMcAAAAM/trump-trump-dance.gif) (https://media.tenor.com/Sin0DOO2uMcAAAAM/trump-trump-dance.gif) (https://media.tenor.com/Sin0DOO2uMcAAAAM/trump-trump-dance.gif) (https://media.tenor.com/Sin0DOO2uMcAAAAM/trump-trump-dance.gif) (https://media.tenor.com/Sin0DOO2uMcAAAAM/trump-trump-dance.gif)

KEEP STACKING SATOSHIS!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on December 04, 2024, 07:29:21 PM
Quote from: Mayday on December 04, 2024, 07:19:18 PM
:D

76K is the top!!!  ;D.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Campeon Del Mundo on December 04, 2024, 07:34:26 PM
   Today is a day I will never forget...  I've believed in crypto since 2019 ...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Andy Griffin on December 04, 2024, 08:30:46 PM
$100K, just as my charts predicted.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 04, 2024, 09:22:16 PM
$100,000.00!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 04, 2024, 09:36:11 PM
Quote from: gib on September 01, 2017, 06:34:17 AM
Hope all u guys got some. You will be able to retire and just chill and train if they ever get to 100k per coin.

Now a Legendary Bitcoin Quote...  ;D ;D ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 04, 2024, 10:40:24 PM
Over the next few weeks, I think we can look back and revisit some of the prior posts in this thread, giving those who were correct a moment to gloat, and to shame those who made fools of themselves and remind them that incorrect statement on GetBig do have reputational ramifications...

I'll get started..., and Mr Anabolic, your time for a roasting has well and truly arrived, so be forewarned, you will be a subject of numerous pages of ridicule. If you are out there, please fman up, and now finally admit how wrong you were...

Quote from: Mr Anabolic on September 04, 2017, 06:40:41 AM
Your posts here have demonstrated a total ignorance for real value, market cycles and asset bubbles.


 ;D ;D ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: BigRo on December 04, 2024, 11:04:44 PM
How much money have you actually withdrawn as cash?

Going by your avatar it seems your a believer in Satan.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Gym Rat on December 05, 2024, 12:23:05 AM
Remember James Howells Who Lost His Hard Drive With 8,000 Bitcoins Now Worth $760M?
His Ex-Girlfriend Reveals It Was She Who Threw It Away.

https://finance.yahoo.com/news/remember-james-howells-lost-hard-003221136.html?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 05, 2024, 06:06:14 AM
Quote from: BigRo on December 04, 2024, 11:04:44 PM
How much money have you actually withdrawn as cash?


BigRo - you are looking at this the wrong way around. You don't "cash out" of Bitcoin. Rather you "cash out" of fiat, and into Bitcoin.

Please read all 147 pages of the BTC $5000 thread and you will understand ... www.getbig.com/boards/index.php?topic=574601.0
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ProudVirgin69 on December 05, 2024, 06:13:49 AM
Quote from: gib on December 05, 2024, 06:06:14 AM
BigRo - you are looking at this the wrong way around. You don't "cash out" of Bitcoin. Rather you "cash out" of fiat, and into Bitcoin.

Please read all 147 pages of the BTC $5000 thread and you will understand ... www.getbig.com/boards/index.php?topic=574601.0

Ok but then what do you do when you need to exchange money for goods or services?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 05, 2024, 06:28:26 AM
Quote from: ProudVirgin69 on December 05, 2024, 06:13:49 AM
Ok but then what do you do when you need to exchange money for goods or services?

First, you NEVER sell your Bitcoin, unless you really really need to.

Second, if you have to, you borrow against it (borrow in devaluing fiat, against infinitely increasingly in value, and perfectly scarce BTC.

Third, when you pay for goods and services, you do this with declining (and infinitely printed) printed Government money. You get rid of shit money, and you save in a pristine global commodity of perfectly limited supply.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ProudVirgin69 on December 05, 2024, 06:30:27 AM
Quote from: gib on December 05, 2024, 06:28:26 AM
First, you NEVER sell your Bitcoin, unless you really really need to.

Second, if you have to, you borrow against it (borrow in devaluing fiat, against infinitely increasingly in value, and perfectly scarce BTC.

Third, when you pay for goods and services, you do this with declining (and infinitely printed) printed Government money. You get rid of shit money, and you save in a pristine global commodity of perfectly limited supply.

I don’t know of any reputable lenders that will let you borrow against bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 05, 2024, 07:58:06 AM
Quote from: ProudVirgin69 on December 05, 2024, 06:30:27 AM
I don’t know of any reputable lenders that will let you borrow against bitcoin.

Give it time - you will...

So many examples:

https://saltlending.com/
https://archlending.com/
https://rocko.co/
https://aave.com/
https://DBS.com/
https://www.home.saxo/

Its actually very easy, as almost every broker now allows you to borrow against an BTC ETF.

And we will increasingly see banks totally integrate BTC, such that it will (obviously) be far easier to borrow againt BTC, then against a house, for example.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SF1900 on December 05, 2024, 08:06:06 AM
Quote from: gib on December 05, 2024, 07:58:06 AM
Give it time - you will...

So many examples:

https://saltlending.com/
https://archlending.com/
https://rocko.co/
https://aave.com/
https://DBS.com/
https://www.home.saxo/

Its actually very easy, as almost every broker now allows you to borrow against an BTC ETF.

And we will increasingly see banks totally integrate BTC, such that it will (obviously) be far easier to borrow againt BTC, then against a house, for example.

so, basically, as of right now, bitcoin is useless for every day use.

Got it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on December 05, 2024, 08:07:45 AM
But but but the charts and my predictions!!!  I mapped out 2024 this is all wrong. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on December 05, 2024, 08:27:27 AM
What gives obsidian?  Why is ETH still not above its 2024 high???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ProudVirgin69 on December 05, 2024, 10:23:31 AM
Quote from: gib on December 05, 2024, 07:58:06 AM
Give it time - you will...

So many examples:

https://saltlending.com/
https://archlending.com/
https://rocko.co/
https://aave.com/
https://DBS.com/
https://www.home.saxo/

Its actually very easy, as almost every broker now allows you to borrow against an BTC ETF.

And we will increasingly see banks totally integrate BTC, such that it will (obviously) be far easier to borrow againt BTC, then against a house, for example.

I clicked on a few links and found this statement on one:

Quote
Crypto backed loans are offered to U.S. borrowers by ChainFi Inc and are not available to U.S. residents of AL, CA, DE, HI, ID, IL, LA, MI, MN, MS, MT, NV, ND, OH, RI, SC, SD, TN, TX, VT, VA, or WA or to U.S. businesses in CA, DC, HI, LA, MI, MT, NV, NM, ND, RI, SD, TN, UT, or VT.

Seems legit  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 05, 2024, 10:29:10 AM
Yes, it is legit. That's why they are remaining compliant with US laws.

And US laws will of course change to embrace BTC over time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 05, 2024, 10:37:56 AM
Do you have any BTC ProudVirgin? Its an extremely important asset. If you do not have any here is my advice  - get some now, HODL and keep stacking. Its going to 1m per coin and beyond.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 05, 2024, 11:05:17 AM
Quote from: SF1900 on December 05, 2024, 08:06:06 AM
so, basically, as of right now, bitcoin is useless for every day use.

Got it.

Think of the benefits of cryptocurrency and decentralised finance (Defi).

For everyday purchases people can use stablecoins, tokens pegged 1:1 with the US dollar.

You can also earn interest on these stablecoins and can transfer funds extremely fast and for a few cents. You're basically your own bank, there's no commissions, transfer fees and other time-consuming bureaucracy involved.

The majority of stablecoins are minted using the Ethereum network.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 05, 2024, 06:18:16 PM
Quote from: SouJerz on December 05, 2024, 08:27:27 AM
What gives obsidian?  Why is ETH still not above its 2024 high???
It will get there - patience. I posted a fictional chart on around 8/20/2024 - you can look for it in this thread. The price is a little behind. My chart indicated ETH hitting $4,000 in November. We almost hit it yesterday. Ethereum has done OK the past 30 days.

BTC - 34%
ETH - 50%
XRP - 337%
SOL - 35.5%
BNB - 25%
DOGE - 116.8%
ADA - 235%
TRX - 99%
AVAX - 101%
SHIB - 60.5%

^^^^^
I have 7 out of those listed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 05, 2024, 06:22:15 PM
Ether's Risk-Reward Is Attractive, Bernstein Says
The world's second largest cryptocurrency may begin to outperform given the recent inflection in ETF inflows, the report said.

- Ether's year-to-date underperformance relative to bitcoin may be over, the report said.
- Bernstein noted that Blackrock's ether spot ETF saw larger inflows than its larger bitcoin rival on Friday.
- Ether ETF staking yields could be another tailwind for the cryptocurrency under Trump's new administration.

Ether (ETH) has underperformed its larger rival bitcoin (BTC) year-to-date, but ETH exchange-traded fund (ETF) inflows have inflected suggesting this period of underperformance may be over, broker Bernstein said in a research report on Monday.

The broker noted that on Friday Blackrock's spot ether ETF saw inflows of $250 million, versus only $137 million of inflows for the asset manager's larger spot bitcoin ETF.

"This creates favorable demand-supply dynamics for ETH," analysts led by Gautam Chhugani wrote.

Staking yields could be another tailwind for the cryptocurrency. Bernstein noted that initial ether spot ETF applications did not include yields due to regulatory limitations.

"Under a new Trump 2.0 crypto friendly SEC, ETH staking yield will likely be approved," the authors wrote, adding that as activity on the Ethereum blockchain increases the yield can grow to 4-5%.

Ethereum blockchain activity is on the up, and the network remains the platform of choice for asset tokenization and stablecoins, the report said.

After Ethereum's transition to a proof-of-stake consensus mechanism, the supply of ether has remained "stagnant" at a total of 120 million tokens, Bernstein said.

Ethereum's transaction fees deliver a yield of around 3% to stakers, which keeps about 28% of ether supply locked in staking contracts, the report noted. Another 10% of supply is locked in deposit and lending contracts.

Almost 60% of ether has not changed hands in the last 12 months which is indicative of a "resilient investor base," and this reinforces the positive demand-supply dynamics for the cryptocurrency, the report added.

https://www.coindesk.com/markets/2024/12/02/ether-risk-reward-is-attractive-given-recent-underperformance-bernstein
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 05, 2024, 06:27:41 PM
Total Ethereum Spot ETF positive inflows crossed $1 billion even after Grayscale's ETHE dumped $3.4 billion. The funds are starting to gain traction.

If staking is allowed for the ETH Spot ETFs as some anticipate it would turbo charge the funds. We have seen positive inflows since November 22.

Waiting for the BlackRock numbers of today. Fidelity and BlackRock have been the top performers.

https://farside.co.uk/eth/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 06, 2024, 01:07:13 AM
Are we really going to see the US establish a strategic Bitcoin reserve? If so, that will be a very significant milestone as we head to the USD 1m per BTC milestone.

https://www.forbes.com/sites/digital-assets/2024/12/05/elon-musk-quietly-fuels-us-bitcoin-reserve-bets-as-price-breaks-100000/

https://finance.yahoo.com/news/fed-chair-powell-bitcoin-gold-190021426.html?

https://cointelegraph.com/news/us-government-bitcoin-national-reserve

https://www.cnbc.com/2024/12/05/what-fed-chief-powell-said-about-crypto-that-may-have-aided-bitcoins-rally-to-100k.html

https://cryptoslate.com/putin-says-bitcoin-is-inevitable-endorses-btc-over-us-dollar-as-global-reserve-currency/

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on December 06, 2024, 04:06:25 AM
Quote from: obsidian on December 05, 2024, 06:18:16 PM
It will get there - patience. I posted a fictional chart on around 8/20/2024 - you can look for it in this thread. The price is a little behind. My chart indicated ETH hitting $4,000 in November. We almost hit it yesterday. Ethereum has done OK the past 30 days.

BTC - 34%
ETH - 50%
XRP - 337%
SOL - 35.5%
BNB - 25%
DOGE - 116.8%
ADA - 235%
TRX - 99%
AVAX - 101%
SHIB - 60.5%

^^^^^
I have 7 out of those listed.


Ethereum has one of the lowest ROI for this cycle.  Again what gives? If ether is so great why doesn’t the price reflect it?   Seriously?  FUD? Competition?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 06, 2024, 04:55:22 AM
Quote from: SouJerz on December 06, 2024, 04:06:25 AM

Ethereum has one of the lowest ROI for this cycle.  Again what gives? If ether is so great why doesn’t the price reflect it?   Seriously?  FUD? Competition?

Look at the charts from the previous cycles and you will see ETH initially lags in comparison and only pumps some time after BTC.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 06, 2024, 07:16:28 AM
ETH above 4k.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on December 06, 2024, 08:19:59 AM
US Spot Ether ETFs just had their biggest single day of inflows in history and a ninth consecutive trading day of positive flows for the rallying cryptocurrency...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on December 06, 2024, 08:53:06 AM
Quote from: gib on December 06, 2024, 01:07:13 AM
Are we really going to see the US establish a strategic Bitcoin reserve? If so, that will be a very significant milestone as we head to the USD 1m per BTC milestone.

https://www.forbes.com/sites/digital-assets/2024/12/05/elon-musk-quietly-fuels-us-bitcoin-reserve-bets-as-price-breaks-100000/

https://finance.yahoo.com/news/fed-chair-powell-bitcoin-gold-190021426.html?

https://cointelegraph.com/news/us-government-bitcoin-national-reserve

https://www.cnbc.com/2024/12/05/what-fed-chief-powell-said-about-crypto-that-may-have-aided-bitcoins-rally-to-100k.html

https://cryptoslate.com/putin-says-bitcoin-is-inevitable-endorses-btc-over-us-dollar-as-global-reserve-currency/


BSR!!!!
Microsoft and other Fortune 500 adding it to the balance sheet. 
Pensions and hedge funds buying BTC next?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 06, 2024, 12:24:01 PM
Quote from: obsidian on December 05, 2024, 06:18:16 PM
It will get there - patience. I posted a fictional chart on around 8/20/2024 - you can look for it in this thread. The price is a little behind. My chart indicated ETH hitting $4,000 in November. We almost hit it yesterday. Ethereum has done OK the past 30 days.

BTC - 34%
ETH - 50%
XRP - 337%
SOL - 35.5%
BNB - 25%
DOGE - 116.8%
ADA - 235%
TRX - 99%
AVAX - 101%
SHIB - 60.5%

^^^^^
I have 7 out of those listed.

You should have Uniswap. Look into it. And Filecoin. After lengthy research, these were the 2 best ventures tokenized by tokens which I identified as have a legit future for the functions they provide.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 06, 2024, 12:29:27 PM
ETH closing in on 4100.

Not long now till previous ATH region of 4800 breached.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 06, 2024, 02:03:18 PM
Quote from: gib on December 06, 2024, 01:07:13 AM
Are we really going to see the US establish a strategic Bitcoin reserve? If so, that will be a very significant milestone as we head to the USD 1m per BTC milestone.

https://www.forbes.com/sites/digital-assets/2024/12/05/elon-musk-quietly-fuels-us-bitcoin-reserve-bets-as-price-breaks-100000/

https://finance.yahoo.com/news/fed-chair-powell-bitcoin-gold-190021426.html?

https://cointelegraph.com/news/us-government-bitcoin-national-reserve

https://www.cnbc.com/2024/12/05/what-fed-chief-powell-said-about-crypto-that-may-have-aided-bitcoins-rally-to-100k.html

https://cryptoslate.com/putin-says-bitcoin-is-inevitable-endorses-btc-over-us-dollar-as-global-reserve-currency/
That's huge! BTC will go to $1 million. It will mean something if the dollar devaluation slows down. What good is a future $1 million if the purchasing power is a fraction of what it is today. In Weimar they ended up paying 200,000 million marks for a loaf of bread! That was 200 billion marks!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 06, 2024, 02:06:19 PM
Quote from: Griffith on December 06, 2024, 12:29:27 PM
ETH closing in on 4100.

Not long now till previous ATH region of 4800 breached.
BlackRock's ETHA saw an inflow of $297.7 million yesterday! A total inflow of $428.5 million above Grayscale's $15.1 million outflow. The effect of these inflows will take time to impact the price of ETH - similar to BTC. We need to see sustained inflows.

https://farside.co.uk/eth/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 06, 2024, 02:15:04 PM
Quote from: gib on December 06, 2024, 12:24:01 PM
You should have Uniswap. Look into it. And Filecoin. After lengthy research, these were the 2 best ventures tokenized by tokens which I identified as have a legit future for the functions they provide.
Thanks. The Filecoin chart though looks bad. See how much it dumped since 2021! Of course that means it could pump recover a lot to the upside.

I am taking profits next year and will keep stablecoins ready for buying BTC, SOL and a few others if there is a major retracement. I am a critic of SOL but there is no denying it has promise. It looks like governments may embrace BTC so the reduced miner rewards every 4 years becomes less of a concern I think. But we'll see.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 06, 2024, 11:01:32 PM
Quote from: obsidian on December 06, 2024, 02:06:19 PM
BlackRock's ETHA saw an inflow of $297.7 million yesterday! A total inflow of $428.5 million above Grayscale's $15.1 million outflow. The effect of these inflows will take time to impact the price of ETH - similar to BTC. We need to see sustained inflows.

https://farside.co.uk/eth/

Yes, once the 4100 region is tested as support, then the previous ATH will be the next target. After that, price discovery.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 06, 2024, 11:53:31 PM
Quote from: obsidian on December 06, 2024, 02:15:04 PM
Thanks. The Filecoin chart though looks bad. See how much it dumped since 2021! Of course that means it could pump recover a lot to the upside.

I am taking profits next year and will keep stablecoins ready for buying BTC, SOL and a few others if there is a major retracement. I am a critic of SOL but there is no denying it has promise. It looks like governments may embrace BTC so the reduced miner rewards every 4 years becomes less of a concern I think. But we'll see.

Yes, although I don't look at charts at all (or at least largely try to ignore in terms of assessing whether these ventures have any legitimate value. My assessment is that both FileCoin and UniSwap have significant fundamental value, so I apply the same valuations to these as I would any fast start-up with good prospects. And based on that, I have invested. I am sure I am not the only one who does such an analysis. Both the quants, sophisticated hedge funds, and AI enabled trading systems I believe will identify the same traits. Lets see!

Glad its all working out now and coming right for you with the alts! Whether doing all this alts and shitcoinery brings you more BTC than if you had just bought BTC in the first place will be interesting. Have you done the calculation? Most people think they can do this, but very few succeed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 07, 2024, 07:36:54 AM
U.S. spot ether ETFs extend two-week inflow streak as ETH price tops $4,000

U.S.-based spot ether exchange-traded funds have logged ten straight days of net positive inflows, the longest streak since the nine funds available on U.S. stock exchanges launched in July of this year.

The funds added $83.8 million in value on Friday, according to SoSoValue's data, led by Fidelity's FETH with $47.9 million, or just over half of the net inflows. In total, over $992 million in value was traded, making Friday the fourth-highest volume trading day since the launch of the funds in July of this year; setting aside the week of the funds' debut, Friday marked the second-highest volume trading day, behind last Wednesday, when nearly $1.1 billion worth of ether changed hands.

The funds also marked their highest weekly inflow yet, with last week's $836.7 million marking a significant increase of 62% over the second-highest week's inflows of $515.2 worth of ETH from Nov. 15-22. BlackRock's ETHA fund has added about $520 million worth of ether in the last week alone, while Fidelity's FETH added nearly $276 million in net inflows.

The inflow streak coincides with a recent rally in the price of Ethereum's native currency that has seen ether top $4,000, having risen about 3% over the past twenty-four hours, according to The Block's Ethereum Price Page.

Ethereum in November also recently marked its highest monthly on-chain volume since December 2021, The Block previously reported, nearly double the year's lowest volume month, January. The increased value of the token has also corresponded with a slight resurgence in the NFT market, leading to double-digit percentage increases in the price of several top NFT projects.

https://www.theblock.co/post/329866/u-s-spot-ether-etfs-extend-two-week-inflow-streak-as-eth-price-tops-4000
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 07, 2024, 01:32:31 PM
Quote from: obsidian on December 06, 2024, 02:15:04 PM
Thanks. The Filecoin chart though looks bad. See how much it dumped since 2021! Of course that means it could pump recover a lot to the upside.

I am taking profits next year and will keep stablecoins ready for buying BTC, SOL and a few others if there is a major retracement. I am a critic of SOL but there is no denying it has promise. It looks like governments may embrace BTC so the reduced miner rewards every 4 years becomes less of a concern I think. But we'll see.

Trump is an ETH maxi. Holds a big bunch of ETH and ETH layer 2 coins.

BTC to 245k. I was horrifically wrong thinking BTC wouldn’t break 100k this cycle. 245k is where I get to now 🤷
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 07, 2024, 03:46:37 PM
Quote from: Mayday on December 07, 2024, 01:32:31 PM
Trump is an ETH maxi. Holds a big bunch of ETH and ETH layer 2 coins.

BTC to 245k. I was horrifically wrong thinking BTC wouldn’t break 100k this cycle. 245k is where I get to now 🤷

Classic Mayday. Swings from an overly bearish top price target to an overly bullish one  :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 07, 2024, 04:06:47 PM
Quote from: Mayday on December 03, 2024, 05:34:42 PM

What he is doing is fine. There is no issue with the numbers as he said he takes the loan during the bear market and therefore gives him headroom to absorb interest (depending on the contract he can not make payments and instead let interest eat into the capital) and downward price action.

The potential flaw you are looking for is:

What The masses don’t understand about using collateral loans is they are deferred future tax events. The moment liquidation, sale, transfer occurs, you trigger those deferred tax events. Mongs think the loan is debt when it’s really deferred future capital gains based on profit which is taxable.

Make sense?
Still trying to understand this. An example would help. But I think I have an idea.

He borrows $400,000 using BTC as collateral. The BTC is held by the lender. They send him the FIAT. Interest payments are made from the FIAT received - $120,000 per my example.

Is there a termination fee to close out the loan? If not then this sounds like a decent deal. $280,000 of free cash and the BTC balance remains untouched. It works if the price of BTC goes up. So it is smart to get the loan in the bear market when the odds are better that the price could recover. What if a loan is taken at the top of a bull run? BTC @ $200,000 and then it crashes to $80,000 in 1 year.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 07, 2024, 04:07:56 PM
Quote from: Flexacon on December 07, 2024, 03:46:37 PM
Classic Mayday. Swings from an overly bearish top price target to an overly bullish one  :D
Lol, we are all human...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 07, 2024, 09:41:56 PM
Quote from: Flexacon on December 07, 2024, 03:46:37 PM
Classic Mayday. Swings from an overly bearish top price target to an overly bullish one  :D

Spot on, although I traded that first peak so it worked fine for me. I had 245k as my bull so might aswell be a moon boy. I am capitulating. It probably nukes to $1 now 😂
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Theoak* on December 08, 2024, 12:56:00 PM
Quote from: Mayday on December 07, 2024, 09:41:56 PM
Spot on, although I traded that first peak so it worked fine for me. I had 245k as my bull so might aswell be a moon boy. I am capitulating. It probably nukes to $1 now 😂

You are getbigs resident ADHD contribution but 2 and half years ago I did agree with you on one thing.  See how it  plays out.

Quote from: Theoak* on June 18, 2022, 01:52:25 AM
Sorry edited my post, meant 96k on the money next  ATH. Seems the leverage is getting sucked out.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IroNat on December 08, 2024, 02:43:22 PM
   [/youtube]
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 08, 2024, 09:11:36 PM
Quote from: Theoak* on December 08, 2024, 12:56:00 PM
You are getbigs resident ADHD contribution but 2 and half years ago I did agree with you on one thing.  See how it  plays out.

I’m hard to deal with, yes.

 I can make a good bull case though 😀

The theory is BtC replaces gold so I look at the speed to catch Gold. My 76k came from The difference between Gold 2011 and 2020 tops which is the same 69k-76k move. We got 74k but close enough 🤷

I then watched gold as it leads and gave us 2.8k which gives me the next BtC move from 76k to 100k. Pretty close. That’s why I had to wait for 76k to break and see where it went so I could confirm. I didn’t expect it to happen that’s why I was so obnoxiously bearish, I thought it’d be next cycle.

So now 2/2 moves and more data to trend off. BTC is faster. What took gold 4yrs took BTC 5 months in the move 76k-100k. So I make the hypothesis that BTC breaks out before Gold does, sets the higher price and Gold no longer dictates BTC. Therefore I get to 245k being a retarded moron.

Sooooo yeah. That was how I got my price targets 😀
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 09, 2024, 01:11:25 AM
Quote from: SF1900 on December 05, 2024, 08:06:06 AM
so, basically, as of right now, bitcoin is useless for every day use.

Got it.

Well, only if you consider the function Bitcoin serves of enabling you to preserve your wealth from being infinitely diluted every single second of every single day through Government money printing as not being the single most important innovation in modern finance...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: joswift on December 09, 2024, 04:56:53 PM
Quote from: gib on December 09, 2024, 01:11:25 AM
Well, only if you consider the function Bitcoin serves of enabling you to preserve your wealth from being infinitely diluted every single second of every single day through Government money printing as not being the single most important innovation in modern finance...
Bitcoin is worthless without a medium of exchange.
A bitcoin is worth $97k.
Now take away currency and tell me how much a bitcoin is worth?

Same with Gold, if currency crashes so does the value of Gold, if you have to sell it to buy food rather than eat it
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on December 09, 2024, 11:34:14 PM
Quote from: joswift on December 09, 2024, 04:56:53 PM
A bitcoin is worth $97k.

No, the price is (currently) $97k, huge difference.

And the price is 97k because one mad man named Micheal Sayler has leveraged up his company to pump billions and billions of dollars into that useless crap ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 10, 2024, 02:22:11 AM
Quote from: joswift on December 09, 2024, 04:56:53 PM
Bitcoin is worthless without a medium of exchange.
A bitcoin is worth $97k.
Now take away currency and tell me how much a bitcoin is worth?

Same with Gold, if currency crashes so does the value of Gold, if you have to sell it to buy food rather than eat it

You are confusing concepts here (which is probably why you failed to get a 20x return from 5K to 100K, and why you might miss the next 10x return to 1m).

When you say "Bitcoin is worthless without a medium of exchange", you need to remember that the most commonly used medium of exchange (the USD) is devaluing to infinity, which means that BTC, when measured in that currency, is increasing in value to infinity. The sooner you get your head around this very basic concept, you will realize why you should be selling dollars to buy BTC, and why BTC will increase in value for ever over time.

As for you comment that "if currency crashes so does the value of Gold/BTC", you have it entirely round the wrong way. If a currency crashes, scarce assets rise (not fall). Again, basic economics. This is why in countries where the currency has rapidly crashed, BTC massively rises. See for example in Venezuela, where the value of BTC has risen 1,458,575,081,340.95% over the last 5 years...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 10, 2024, 02:30:37 AM
Quote from: affeman on December 09, 2024, 11:34:14 PM
No, the price is (currently) $97k, huge difference.

And the price is 97k because one mad man named Micheal Sayler has leveraged up his company to pump billions and billions of dollars into that useless crap ;D

First of all BTC is not useless. Its function has been explained to you countless times. That use is reflected in what people are willing to pay for it, (currently around 97K). It's like saying a 100$ note is just a useless piece of paper. Its not, as it is valued by others who are willing to accept it in exchange for various goods or services. Only BTC is far better then a piece of paper, due to the fact that it is digital, and perfectly scarce.

The money "being pumped into MSTR" is because sophisticated investors realize that money is devaluing over time, and BTC is increasing over time. So, it makes sense to borrow in devaluing money, and invest that money in an asset which increasing. The quicker you understand this, the more financial successful you will be.

See you at 1m.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 11, 2024, 12:05:08 AM

BRICS?

I
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 11, 2024, 01:32:50 AM
Quote from: IroNat on December 08, 2024, 02:43:22 PM
   [/youtube]

Fiat currency is actually, BY FAR, the world's greatest scam. But many of us GetBiggers are too smart for that. We know that BITCOIN is our defence against that scam.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 11, 2024, 01:34:35 AM
What Donald Trumps son is telling the Arabs...

https://www.agbi.com/finance/2024/12/eric-trump-tells-abu-dhabi-bitcoin-will-hit-1m/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 11, 2024, 01:20:10 PM
Quote from: gib on December 11, 2024, 01:34:35 AM
What Donald Trumps son is telling the Arabs...

https://www.agbi.com/finance/2024/12/eric-trump-tells-abu-dhabi-bitcoin-will-hit-1m/

AE apparently are already in, as in the govt already bought.

MSTR premium looks to me to be the new Grayscale premium.

Microsoft board decline BTC purchase.

MSTR to be added to Dow Jones?

BRICS upcoming announcements to make us hate Gold? Event occurs inside next 7-21 day window? 🤔

Back half December in years prior to main peak cycle year. Close in 4 days starts these next price cycles.
2020 +90%
2016 +49%
2012 +6%
2010 +70%
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 12, 2024, 05:46:30 AM
Quote from: Mr Anabolic on September 04, 2017, 06:07:13 AM

Bitcoin devotees always revert to the "you don't understand it" line.  Yes, I DO understand it perfectly, this is why I would never buy it. 

Regarding gold and silver:  Silver has much more upside potential at it's current price.  I own lots of both.

BTC at time of quote was 4.4K.

LOL at this old fool and his idiotic posts coming back to destroy him...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 12, 2024, 12:25:13 PM
Trump-backed World Liberty Financial is swapping stablecoins for ETH, onchain data shows

World Liberty Financial, the crypto project supported by President-elect Donald Trump, purchased $5 million worth of ETH on Wednesday, according to onchain data. This brings the project’s ETH balance up to a total of over $50 million worth of ETH, primarily purchased over the past several weeks.

https://www.theblock.co/post/330469/trump-backed-world-liberty-financial-is-swapping-stablecoins-for-eth-onchain-data-shows?utm_source=twitter&utm_medium=social
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 14, 2024, 12:33:16 AM
https://en.bitcoinsistemi.com/blackrock-closes-the-door-on-altcoins-only-bitcoin-and-ethereum/?utm_source=CryptoNews&utm_medium=app

BlackRock Closes the Door on Altcoins: "Only Bitcoin and Ethereum!"
BlackRock ETF President Jay Jacobs said that BlackRock will focus on Bitcoin and Ethereum ETFs rather than launching other altcoin ETFs.

Following the approval of spot Bitcoin and Ethereum ETFs, other altcoin ETFs are also expected to be approved.

While there are already applications for altcoin ETFs for some altcoins like Solana (SOL) and XRP, BlackRock has closed the door on any other ETFs.

Bloomberg ETF analyst Eric Balchunas shared BlackRock ETF president Jay Jacobs' statements on this subject.

At this point, Jay Jacobs said that BlackRock will focus on Bitcoin and Ethereum ETFs rather than launching other altcoin ETFs.

Jacobs said that his exploration of Bitcoin and Ethereum has just begun and that interest in BTC and ETH is just the tip of the iceberg.

Noting that Bitcoin and Ethereum ETFs currently only reach a small number of customers, the BlakRock manager emphasized that the company is focusing on the BTC and ETH space rather than launching new altcoin ETFs.

“We are actually just the tip of the iceberg when it comes to Bitcoin and especially Ethereum.

Only a very small portion of our clients own IBIT and ETHA, so instead of launching new altcoin ETFs, we will focus on BTC and ETH.”

While many investors appreciate BlackRock’s approach of not launching more crypto ETFs, one user said that a step-by-step approach is better when it comes to ETFs, as launching a new ETF too early will only increase volatility.

Currently, SOL and XRP ETFs are expected to be approved in the US by the end of 2025.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 14, 2024, 12:37:14 AM
https://cryptobriefing.com/microsoft-ethereum-etf-staking/

Microsoft may be open to Ethereum ETF with staking, VanEck head of crypto research speculates

Microsoft is actively looking for investment opportunities that can generate income, said its CFO.

- Microsoft is potentially interested in exploring crypto investments like spot Ethereum ETFs with staking.
- Currently, US Ethereum ETFs lack staking features due to SEC regulatory concerns.

Microsoft has rejected a Bitcoin investment proposal, but the company may be open to exploring other crypto investment opportunities. VanEck’s head of digital assets research Matthew Sigel said that Microsoft might be inclined to consider an Ethereum ETF investment if the product includes staking feature.

Sigel perceived this potential openness in a comment made by Amy Hood, Microsoft’s Chief Financial Officer, during the company’s annual shareholder meeting on Tuesday, where shareholders overwhelmingly rejected a proposal to adopt Bitcoin as a treasury asset.

Hood mentioned that Microsoft has been accepting crypto as payment since 2014 and has been considering crypto as an asset class. She noted, however, that the priority is liquidity, capital preservation, and income generation for its investments.

“Our treasury team, along with reviews with the Board of Directors, looks at all the asset classes available to us. It’s important to remember our criteria and our goals of our balance sheet and for the cash balances, importantly, is to preserve capital, to allow a lot of liquidity to be able to fund our operations and partnerships and investments,” Hood said. “So liquidity is also a really important criteria for us, as well as generating income.”

Sigel speculated that Microsoft might be interested in an Ethereum ETF that allows them to participate in Ethereum staking and earn rewards.

When asked to elaborate on his reasoning, he pointed out that the tech giant believes in crypto’s utility and that the board “has already and will continue to evaluate digital assets for the reserve.”

Sigel also noted that assets that provide yield are more likely to be considered for acquisition by Microsoft.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: GymnJuice on December 14, 2024, 04:32:31 AM
https://coingeek.com/microsoft-to-ship-world-most-advanced-quantum-computer-in-2025/ (https://coingeek.com/microsoft-to-ship-world-most-advanced-quantum-computer-in-2025/)

Quote
Microsoft (NASDAQ: MSFT) has announced a breakthrough in quantum computing that could slash the expected timeframe for mainstream usage of these powerful computers from decades to months.

The Redmond-based tech giant recently revealed that it achieved the largest logical entangled state across all hardware architectures, with 24 logical qubits produced from 80 physical qubits. For context, researchers previously believed it would take thousands of physical qubits to produce one logical qubit.
.
.
.
The implications of these and other advancements in quantum computing for blockchain technology remain unknown. Some worry that quantum computing could crack classical encryption methods that blockchain networks rely on. Others believe that quantum computers could enhance proof-of-work (PoW), although this could cost existing mining equipment.

Not sure if the new computer chip was already posted in this thread.

Do you guys think it affects bitcoin price?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on December 14, 2024, 04:48:47 PM
Quote from: GymnJuice on December 14, 2024, 04:32:31 AM
https://coingeek.com/microsoft-to-ship-world-most-advanced-quantum-computer-in-2025/ (https://coingeek.com/microsoft-to-ship-world-most-advanced-quantum-computer-in-2025/)

Not sure if the new computer chip was already posted in this thread.

Do you guys think it affects bitcoin price?
There are plans to upgrade the Ethereum cryptography before quantum computers pose a risk.

https://thequantuminsider.com/2024/10/30/ethereum-prepares-for-quantum-resistant-future-amid-security-push/#:~:text=Ethereum%2C%20a%20major%20player%20in%20blockchain%20technology%2C%20isn%E2%80%99t,risks%20from%20quantum%20computing%2C%20according%20to%20recent%20reports.

Ethereum Prepares for Quantum-Resistant Future Amid Security Push

- Ethereum’s roadmap, led by co-founder Vitalik Buterin, includes “The Splurge,” a strategic phase focused on building defenses against future quantum computing threats to ensure blockchain security remains intact.

- New upgrades, like lattice-based cryptography and account abstraction, aim to protect Ethereum from potential quantum attacks while also optimizing transaction processing, a move set to benefit high-security sectors such as finance and healthcare.

- By testing quantum-resistant algorithms on layer 2 solutions, Ethereum can gauge their effectiveness before a full network rollout, allowing a cautious, flexible approach to implementing advanced cryptographic safeguards.

Ethereum, a major player in blockchain technology, isn’t waiting for quantum computers — the cryptocurrency development team is taking steps right now to future-proof itself against potential security risks from quantum computing, according to recent reports.

Led by co-founder Vitalik Buterin, Ethereum’s latest phase of development, dubbed “The Splurge,” focuses on enhancing cryptographic safeguards and advancing the Ethereum Virtual Machine (EVM) with features designed to withstand the eventual impact of quantum computing on cryptographic protections. This strategy emerges even though fully capable quantum computers remain hypothetical.

The risks of quantum computing are well-understood in theory: if developed to a sufficient scale, quantum computers could theoretically break traditional encryption methods, posing serious security risks for digital systems, including blockchains.

“Preparing for these future developments remains an essential aspect of the network’s evolution,” Buterin said in a recent roadmap update. He points out that the progression toward “quantum-resistant algorithms” will be a cornerstone of Ethereum’s long-term security, protecting the network from future vulnerabilities. Buterin shared this view in the post that also detailed how quantum resistance and other cryptographic upgrades will be woven into Ethereum’s foundational code.​

Pushing Quantum Resistance
To achieve quantum resilience, The Splurge — which also poetically ties to the “merge” and “surge” upgrades — introduces foundational cryptographic upgrades, including lattice-based cryptography. This method, unlike traditional cryptographic protocols, is considered resistant to quantum attacks due to its complex mathematical structure. Fault-tolerant quantum computers, while still hypothetical, could theoretically unravel encryption by solving mathematical problems that currently underpin secure transactions, according to the post. Lattice-based cryptography, if successfully integrated, could resist such attempts, ensuring Ethereum’s transactions and assets remain secure as quantum capabilities grow.

According to a report from CryptoNews, Ethereum’s gradual progression — marked by previous upgrades like The Merge, The Surge, and The Scourge — has set a strong foundation for these next cryptographic advances. Ethereum has historically aimed to improve scalability and security, but The Splurge represents a significant evolution in the blockchain’s ability to proactively address threats​.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IronMagazine.com on December 14, 2024, 10:50:33 PM
I wish I would have listened to all of the Bitcoin naysayers the past 7+ years. LMAO

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 15, 2024, 12:42:47 AM
Quote from: GymnJuice on December 14, 2024, 04:32:31 AM
https://coingeek.com/microsoft-to-ship-world-most-advanced-quantum-computer-in-2025/ (https://coingeek.com/microsoft-to-ship-world-most-advanced-quantum-computer-in-2025/)

Not sure if the new computer chip was already posted in this thread.

Do you guys think it affects bitcoin price?

In short, quantum computing represents a massive threat to traditional banking IT systems. That in turn will produce even greater demand for Bitcoin. Greater demand for Bitcoin will lead to an increase in price, as money, fearful of the threat of quantum computing to the traditional banking system (and indeed also of its threat to Governments) moves into Bitcoin as a safe have of wealth preservation and portability.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 15, 2024, 12:48:29 AM
Quote from: Mr Anabolic on September 08, 2017, 05:26:13 AM
To say precious metals are no better than BTC is ludicrous.  Bitcoin is speculative digital electrons in cyberspace

Well that one aged well. Lol at this stubborn old fool, now being held accountable by the history of the internet and hindsight...

BTC up over 2000% since he made this post. He could have made a lot of money, had he listened to some of the smarter voices on finance on this forum...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 15, 2024, 03:21:53 AM
For Mr Anabolic..., and all the others who refused to believe...

Watch the nice little clip from 2.43 mark :)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on December 15, 2024, 06:20:57 AM
GM gentlemen... Hash power preceeds price implied price at these hash level is 550k.

Have countries started mining BTC?


Keep stacking satoshis!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 15, 2024, 06:46:48 AM
Quote from: SouJerz on December 15, 2024, 06:20:57 AM
GM gentlemen... Hash power preceeds price implied price at these hash level is 550k.

Have countries started mining BTC?


Keep stacking satoshis!

I would say for sure there is some state supported mining. Russia for sure. China of course. Bhutan yes we know. Iraq / Iran / North Korea for sure.

But either way, with current prices its profitable to mine, so mining will pick up for sure as a matter of economics. Where its gets interesting is when miners start frontrunning the price, such that they invest and mine even though below profit equilibirum, knowing that prices will rise over time.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: jude2 on December 15, 2024, 11:17:25 AM
Quote from: IronMagazine.com on December 14, 2024, 10:50:33 PM
I wish I would have listened to all of the Bitcoin naysayers the past 7+ years. LMAO
Very nice.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IronMagazine.com on December 15, 2024, 07:19:09 PM
Quote from: jude2 on December 15, 2024, 11:17:25 AM
Very nice.
I am not bragging either, it was all luck for me, I just wish I would have hung onto a lot more bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: jude2 on December 15, 2024, 07:41:03 PM
Quote from: IronMagazine.com on December 15, 2024, 07:19:09 PM
I am not bragging either, it was all luck for me, I just wish I would have hung onto a lot more bitcoin.
Most of it is luck knowing when to buy or sell.  Remember hogs get slaughtered
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Notomorrow on December 15, 2024, 08:21:59 PM
Fiat currency is manipulated by government through printing unlimited money. This started in the United States when they couldn't afford the Civil War anymore so they printed "greenbacks" and told soldiers to keep fighting and these pieces of paper would be worth something. Gold price is manipulated by government. Fiat currency is basically trust in government. Do you trust them?

Most assets(real estate, cars, etc.) are valued in fiat currency(dollars) and if Government can print as much as they want(like they did during covid) it's impossible to own any real wealth.

You only have two ways out of the system, invest in stocks with Monopolies(Apple, Microsoft, etc.) or Bitcoin.  There is no other way to hold a reliable, long term source of wealth that is relatively inflation proof as government creates inflation through printing money.

Bitcoin has a limited supply. You can't print it forever. Government becomes helpless.  There is no other way to have reliable, inflation proof storage of wealth.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: IronMagazine.com on December 15, 2024, 09:08:19 PM
Quote from: jude2 on December 15, 2024, 07:41:03 PM
Most of it is luck knowing when to buy or sell.  Remember hogs get slaughtered
Yup, greed is always going to be a person's downfall if they allow it to take over.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 16, 2024, 02:26:20 AM
Quote from: jude2 on December 15, 2024, 07:41:03 PM
Most of it is luck knowing when to buy or sell.  Remember hogs get slaughtered

Not really. We know BTC will always go up (in fiat currency terms) over time. So, we basically know we need to buy ASAP, keep stacking and HODL (and never sell). It can't get more simple than that.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 16, 2024, 02:28:31 AM
Quote from: Notomorrow on December 15, 2024, 08:21:59 PM
Fiat currency is manipulated by government through printing unlimited money. This started in the United States when they couldn't afford the Civil War anymore so they printed "greenbacks" and told soldiers to keep fighting and these pieces of paper would be worth something. Gold price is manipulated by government. Fiat currency is basically trust in government. Do you trust them?

Most assets(real estate, cars, etc.) are valued in fiat currency(dollars) and if Government can print as much as they want(like they did during covid) it's impossible to own any real wealth.

You only have two ways out of the system, invest in stocks with Monopolies(Apple, Microsoft, etc.) or Bitcoin.  There is no other way to hold a reliable, long term source of wealth that is relatively inflation proof as government creates inflation through printing money.

Bitcoin has a limited supply. You can't print it forever. Government becomes helpless.  There is no other way to have reliable, inflation proof storage of wealth.

Totally correct. MSFT, APPL, GOOGLE, MSTR, AMAZON etc are great companies - but they are not "pure" defences as they can always be taxed, restricted, be broken up, make bad strategy decisions. I hold all, but over time, my BTC holdings will keep out-pacing these stocks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: a_pupil on December 16, 2024, 04:24:39 AM
Quote from: IronMagazine.com on December 14, 2024, 10:50:33 PM
I wish I would have listened to all of the Bitcoin naysayers the past 7+ years. LMAO

Damn, I'm jelly as hell lol.

Nice to see someone give some proof of their crypto millions on here.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 16, 2024, 05:12:08 AM
I think I posted as screenshot of my holdings here back around 2017. That was met at the time with a bunch of people responding that it could be fake, I could be using photoshop, etc etc. Lol...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 16, 2024, 06:53:21 AM
$105,555.55
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 16, 2024, 08:28:27 AM
$106666.66

BTC is such an important asset. I can only again urge every GetBigger to get some. You will MASSIVELY regret it if you are a no-coiner a decade from now...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on December 16, 2024, 11:32:48 AM
Quote from: IronMagazine.com on December 15, 2024, 07:19:09 PM
I am not bragging either, it was all luck for me, I just wish I would have hung onto a lot more bitcoin.

Congrats man, how does it feel to become a millionaire without any talent, effort, or work ethic? Does it make you happy? :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 16, 2024, 04:21:05 PM
Quote from: gib on December 16, 2024, 05:12:08 AM
I think I posted as screenshot of my holdings here back around 2017. That was met at the time with a bunch of people responding that it could be fake, I could be using photoshop, etc etc. Lol...

This will always be the case because everyone here bought the exact bottom and holds millions. Just roll with it.

I’ve scrapped my rate and inflation model because of Elon.  I nailed wave 1 and the S&P to 6k+ but Elon knows how to hide inflation so I’ve built a model where I can hide it. No more oil to 130, commodities won’t catch a bid now, inflationary trade is caputski, all over red rover and anyone shorting the bond market will get wrecked.  Moving forward is going to baffle the shit out of people, it’s pretty smart.

Saylor is King. He has done it. Total legendary move. He did it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 17, 2024, 01:28:11 AM
Quote from: Mayday on December 16, 2024, 04:21:05 PM
This will always be the case because everyone here bought the exact bottom and holds millions. Just roll with it.


Yep. The other point I tried to make at the time is that someone's actual holdings are actually irrelevant to the discussion. We should be looking at the logic of people's views, rather than how much of an asset they own (or claim to own). :)

Remember how angry Mr Anabolic got on this debate early on in this thread? Wonder if he is still around?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 18, 2024, 02:21:50 PM
Quote from: gib on December 17, 2024, 01:28:11 AM
Yep. The other point I tried to make at the time is that someone's actual holdings are actually irrelevant to the discussion. We should be looking at the logic of people's views, rather than how much of an asset they own (or claim to own). :)

Remember how angry Mr Anabolic got on this debate early on in this thread? Wonder if he is still around?

Agree.

Mr Anabolic was hell bent on US collapse from memory. Kept buying ammo. Swore the USD was dead. Mind you I bullshitted in arguments with him purely because he was an idiot and easy to box in lol. I doubt he is around. Most like him are still calling for a recession and US collapse from debt.

We all have our roles otherwise it’s rather boring. Entertainment might be the true value creation rather than monetary wealth itself 🤷
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on December 18, 2024, 06:56:32 PM
Quote from: Mayday on December 18, 2024, 02:21:50 PM
Agree.

Mr Anabolic was hell bent on US collapse from memory. Kept buying ammo. Swore the USD was dead. Mind you I bullshitted in arguments with him purely because he was an idiot and easy to box in lol. I doubt he is around. Most like him are still calling for a recession and US collapse from debt.

We all have our roles otherwise it’s rather boring. Entertainment might be the true value creation rather than monetary wealth itself 🤷

Money, so they say
Is the root of all evil today
But if you ask for a rise
It's no surprise that they're giving none away…
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on December 19, 2024, 11:25:33 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: ChristopherA on December 19, 2024, 07:07:40 PM
Quote from: affeman on December 19, 2024, 11:25:33 AM

You can't be serious
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 20, 2024, 10:25:02 PM
So who bought during the little correction we are having? As always, I scooped up a little. I always have some buy orders at 10% of price, so every once in a while manage to hit some buys on volatility.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 21, 2024, 03:08:51 PM
Quote from: SouJerz on December 18, 2024, 06:56:32 PM
Money, so they say
Is the root of all evil today
But if you ask for a rise
It's no surprise that they're giving none away…

I quite like that poem 👍

Quote from: gib on December 20, 2024, 10:25:02 PM
So who bought during the little correction we are having? As always, I scooped up a little. I always have some buy orders at 10% of price, so every once in a while manage to hit some buys on volatility.

I’m waiting for things to bleed more. I’m prepping for 2029 as I already have enough this cycle. Only waiting for one to drop and I’ll add. Gold pulled BTC back into line which was the failed 108k rally. So for now, Gold still calls the shots which sucks as we can’t get big prices up until that is broken.

The FUD is mental.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on December 23, 2024, 07:45:25 AM
Quote from: gib on December 20, 2024, 10:25:02 PM
So who bought during the little correction we are having? As always, I scooped up a little. I always have some buy orders at 10% of price, so every once in a while manage to hit some buys on volatility.

 :D :D

(https://i.redd.it/o0uruw8lj2y61.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 24, 2024, 12:54:19 AM
Quote from: affeman on December 23, 2024, 07:45:25 AM
:D :D

(https://i.redd.it/o0uruw8lj2y61.jpg)


Only bull cases please.

4wk window and 3wks remain. We almost made it to 2012 before someone slapped it back to Gold.

If we want upwards, We wait for an event in this window to break the Gold correlation otherwise it’s wait for Trump to break the correlation, then 245k 🙏 

Saylor going to dilute 97%. Current market cap 81B makes his plan 2.7T market cap by end of 2029. That’d be 3.3M BTC spot if kept same-same which it won’t as its leverage driven. I’d say they are calculating 1.5M BTC spot in 2029 with the plan they have in place.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on December 24, 2024, 01:02:14 PM
Quote from: Mayday on December 21, 2024, 03:08:51 PM
I quite like that poem 👍

I’m waiting for things to bleed more. I’m prepping for 2029 as I already have enough this cycle. Only waiting for one to drop and I’ll add. Gold pulled BTC back into line which was the failed 108k rally. So for now, Gold still calls the shots which sucks as we can’t get big prices up until that is broken.

The FUD is mental.


Don’t forget to mark your calendar. 200 days after Halving is when the magic happens… on average.   So you don’t leave 40% of your profits on the table like you did this cycle by selling at 73k instead of 106k.  ;)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on December 25, 2024, 01:55:55 PM
Quote from: SouJerz on December 24, 2024, 01:02:14 PM

Don’t forget to mark your calendar. 200 days after Halving is when the magic happens… on average.   So you don’t leave 40% of your profits on the table like you did this cycle by selling at 73k instead of 106k.  ;)

Cheers

The alts I sold at 73.1k were at their peak. I bought back in -90% below (I posted when I bought)  and they are still well down from peak value.  That’s the difficulty with alts as you might get 1 shot to sell, I took a guess and it played out well for me.

I am only interested in BTC from here onwards and it’s 2029 period. Have done enough to not mess about in alts anymore. It’s rugpull central there.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 26, 2024, 12:32:39 AM
Quote from: Mayday on December 25, 2024, 01:55:55 PM

I am only interested in BTC from here onwards and it’s 2029 period. Have done enough to not mess about in alts anymore. It’s rugpull central there.

Good to hear. The market (and even the degens) have started to realize there is no "alt" to Bitcoin. Eth, which was at one point the only possible competitor to BTC in terms of global store of value, lost any chance of that when they moved to proof of stake, and of course nothing else even comes close. Regardless of what was approved for ETF listing or not, the market is working out what is a commodity, and what is, in effect a security stake in a business venture.

Further the market knows that many of these other "projects" referred to as "alts" are largely useless, or at least extremely detached from any fundamental valuation they have.

We might see a short term alt-shitcoin pump under new SEC rules under Trump, and so for that, I would look for any ventures with substance for longer term steady gains and re-valuation - Filecoin and Uniswap would be my top choices. Chainlink also should be seriously considered. And Eth holdings should be split 50/50 into Eth and Sol. Stay away from memes, NFTs, and shitcoins.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on December 27, 2024, 04:35:11 AM
Next leg up loading.

Ai swarm meta gonna run crazy hard.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 27, 2024, 06:32:12 AM
Bitcoin Advocate Michael Saylor Says He Was Wrong About Ethereum

Michael Saylor, a former Ethereum critic, has changed his stance. He now believes in a positive future for Ethereum and other crypto.

In a recent interview on the Altcoin Daily channel, Michael Saylor admitted he was wrong about Ethereum. He explained that his views changed in the second quarter of the year. The turning point came when former President Donald Trump began supporting the crypto community.

Trump recognized the growing influence of digital assets, and this helped change the way people saw crypto.

Saylor pointed out that this shift, along with the growing support from the political right has made the future look much better for Ethereum and other digital assets. He thinks the change in politics has opened the door to a more positive future for crypto.

With the prospect of a digital assets framework becoming a reality, Saylor believes that Bitcoin is poised for significant growth. Instead of growing at a rate of 20-40% per year, Bitcoin could see a much more rapid surge, potentially pushing Bitcoin to a $280 trillion asset class.

As for Ethereum and other cryptocurrencies, they will likely experience a new lease on life with the emergence of a clear regulatory structure, which Saylor describes as a “crypto renaissance.”

He sees a future where millions of new digital assets will be created, leading to the growth of exchanges, wallets, and applications. While there may be setbacks, Saylor believes this shift will bring new opportunities and a thriving digital economy.

https://coinpedia.org/news/bitcoin-advocate-michael-saylor-says-he-was-wrong-about-ethereum-heres-why/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on December 27, 2024, 07:42:37 AM
I think its correct that, as I said, some "digital assets" will do will under a new regulatory framework.

Key to remember though is that nothing competes with BTC as the global decentralized store of value. That has long been won by BTC.

Second, with will not just see a "crypto renaissance" but, initially, a shitcoi renaissance. Long term, shitcoins will all declined to zero, but in the short term, many will see a pump. Safest play is to buy coins which represent unregistered securities in legitimate projects - Filecoin, Uniswap and ChainLink. But either way, don't take eye of the main goal - which is to acquire more Sats over time...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on December 27, 2024, 12:56:38 PM
Institutional Investors Flock to BlackRock’s Ethereum ETF, Accumulating Over $3.5 Billion in ETH

The spot ether exchange-traded fund (ETF) launched by the world’s largest asset manager earlier this year now holds a substantial trove of ETH, having recently surpassed one million tokens.

According to data from BlackRock’s website and the Ethereum blockchain — first spotted by Arkham Intelligence — the iShares Ethereum Trust ETF (ETHA)  fund now holds 1.065 million ETH worth a market value of over $3.5 billion after seeing significant inflows over the past few weeks, according to CoinGlass data.

The fund is designed to track the price of ether, and allows investors to gain exposure to the cryptocurrency without having to manage their own wallets.

The volume of ETH held by BlackRock’s ETF suggests institutional investor confidence in Ethereum has been growing as they accumulate additional tokens, at a time in which ETH is struggling to surpass the $4,000 mark while bitcoin has briefly rallied past the $100,000 line and is still above $94,000 after a correction.

As CryptoGlobe reported Juan Leon, senior investment strategist at Bitwise Asset Management, believes ether is primed for a significant resurgence in 2025. In a blog post published Dec. 17, Leon argued that ETH, despite being overshadowed in 2024, stands to gain tremendously from the $100 trillion market for real-world assets.

Leon pointed to a pivotal shift occurring in recent weeks. According to Leon, over the past 10 days, spot ether ETFs have attracted $2 billion in net inflows, a stark contrast to the $250 million recorded over the preceding four months. Leon attributes this to renewed investor confidence in Ethereum.

The strategist believes ether’s role in tokenization could generate over $100 billion in annual fees, far outpacing its current earnings. He also sees favourable regulations, particularly from the SEC, as a catalyst for Ethereum’s growth in 2025.

https://www.cryptoglobe.com/latest/2024/12/institutional-investors-flock-to-blackrocks-ethereum-etf-accumulating-over-3-5-billion-in-eth/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 02, 2025, 06:59:20 PM
End of year 2025 price predictions.

Mine is BTC 180,000.

Anyone else like to make a prediction? We can take the average and see how good the collective BTC wisdom of GetBig is...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 07, 2025, 02:53:17 PM
Quote from: gib on January 02, 2025, 06:59:20 PM
End of year 2025 price predictions.

Mine is BTC 180,000.

Anyone else like to make a prediction? We can take the average and see how good the collective BTC wisdom of GetBig is...



My top is 245k with year end above 200k. We are currently in the event window, waiting. 1 peak this cycle. I have methodology for it but, whatever.

FWIW My track record this cycle has been:
I had 17.5k —> 15.5k
I had 76k —> 74k
I had 99.6k —> 99.8k was sooo close but Saylor pushed to 108k so that made me look pretty off. We have sat right around 96k so I’m satisfied my method is most accurate.
 
Event window prediction I had was Mar-Jul 2024 and we had:
*Israel & Palestine war break out
*Trump assassination attempt
*Global GPS shutdown
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on January 07, 2025, 11:53:48 PM
Saylor isn't even able to stabilize the price above 100k anymore. Every time Microstrategy is pumping a few billion dollars into BTC to push up the price 5 to 6%, everyone else is cashing out dumping it down by 7 to 8% ;D

The Microstrategy ponzi scheme is about to go down
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on January 08, 2025, 12:01:00 AM
Quote from: affeman on January 07, 2025, 11:53:48 PM
Saylor isn't even able to stabilize the price above 100k anymore. Every time Microstrategy is pumping a few billion dollars into BTC to push up the price 5 to 6%, everyone else is cashing out dumping it down by 7 to 8% ;D

The Microstrategy ponzi scheme is about to go down

Didn't you say the same thing at $50k? kek

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on January 08, 2025, 12:16:40 AM
Quote from: Flexacon on January 08, 2025, 12:01:00 AM
Didn't you say the same thing at $50k? kek

Yes. Obviously, the campaign of the Orange clown acted as a life supporter for this Ponzi scheme keeping the hype for a few months more, but nothing lasts forever ;)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 08, 2025, 02:58:25 AM
GIB - 180K
MayDay - 200K

Anyone else? Get your number in now. Winner gets GetBig bragging rights...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: deadz on January 08, 2025, 02:32:44 PM



 ;)

WORTHLESS!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 08, 2025, 03:07:10 PM
Quote from: affeman on January 07, 2025, 11:53:48 PM
Saylor isn't even able to stabilize the price above 100k anymore. Every time Microstrategy is pumping a few billion dollars into BTC to push up the price 5 to 6%, everyone else is cashing out dumping it down by 7 to 8% ;D

The Microstrategy ponzi scheme is about to go down

Saylor has to buy to keep his premium down.

That’s why you are seeing MSTR buying like crazy. As long as people continue to buy MSTR shares they are forced to buy BTC. The stock is viewed as a leverage play on BTC.

While I love posting bearish stuff to balance out the bulls here, MSTR has years ahead to run.

MSTR replaced Grayscale. The simple measurement is this, if the premium is above 1, they are buying. They added them to the Nasdaq……
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 09, 2025, 12:41:31 PM
The Long-Term Challenge of Bitcoin's Halving and Security
Bitcoin’s Proof-of-Work (PoW) system depends on miners being rewarded in BTC. However, the block reward is cut in half every four years, reducing payouts and impacting network security over time.

Halving Schedule & Block Rewards
Bitcoin’s block reward will continue to halve approximately every four years:

2024: 3.125 BTC
2028: 1.5625 BTC
2032: 0.78125 BTC
2036: 0.390625 BTC
2040: 0.1953125 BTC
2044: 0.09765625 BTC
2048: 0.048828125 BTC

Impact on Mining Economics
Currently, mining one BTC costs about $90,000, and the total cost to mine a block (3.125 BTC) is around $281,250.

Even if BTC reaches $6 million by 2048, the block reward would be worth around $293,000, which wouldn’t buy the same level of security as it does today due to inflation and rising costs.

By 2056-2060, Bitcoin’s rewards will halve twice more, requiring BTC to hit more than $12M–$24M per coin to exceed 2025 cost-to-mine security-levels due to dollar devaluation. It might have to go much higher if the dollar has collapsed by then.

Centralization and Security Risks
As rewards shrink, mining will likely become centralized, with large operations needing extensive security measures to protect infrastructure. Without changes to Bitcoin’s economic model, this trend could weaken the network’s security and decentralization in the long run.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 09, 2025, 12:57:06 PM
As a follow-up to the post above:

In 2021 the BTC block reward was 6.25 BTC. BTC's ATH was around $68,000.

6.25 x $68,000 means miners were making $425,000 per block. They are currently earning around 66% of that with BTC above $90,000. IF BTC goes to $136,000 the yield per block would match 2021 levels. But the purchasing power of the dollar has declined since then.

$425,000 in 2021 is worth $505,195 in 2025. This is an average inflation rate of 4.44% and cumulative inflation of 18.87%.

$505,195 / 3.125 = $161,662

If BTC goes to around $161K in 2025 the miners will be making the same in inflation adjusted-dollars as they did in 2021. It needs to 1.75x to reach that point. It is possible. Perhaps BTC goes to $200k this year. We'll see. These calculations are interesting to me in assessing the long-term viability of the BTC mining / security dynamics. Now you know why Saylor says BTC will eventually go to $13 million or beyond. It has to in order to maintain the same level of security.

The security will be a challenge to defend if it is centralized. Imagine a few decades from now you have a few large mining facilities left. A pissed of nation / dictator with an axe to grind blows it all up with a hypersonic nuke. Perhaps by then BTC would have evolved beyond proof-of-work which I think is likely. Or they have mining operations on Mars and the Moon. I am just scratching my head saying why? Proof-of-Stake is a lot more efficient and not as much a hostage to dwindling miner rewards.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on January 10, 2025, 06:46:57 PM
Quote from: gib on January 08, 2025, 02:58:25 AM
GIB - 180K
MayDay - 200K

Anyone else? Get your number in now. Winner gets GetBig bragging rights...

125K end of 2025 price.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on January 10, 2025, 06:50:43 PM
Quote from: obsidian on January 09, 2025, 12:57:06 PM
As a follow-up to the post above:

In 2021 the BTC block reward was 6.25 BTC. BTC's ATH was around $68,000.

6.25 x $68,000 means miners were making $425,000 per block. They are currently earning around 66% of that with BTC above $90,000. IF BTC goes to $136,000 the yield per block would match 2021 levels. But the purchasing power of the dollar has declined since then.

$425,000 in 2021 is worth $505,195 in 2025. This is an average inflation rate of 4.44% and cumulative inflation of 18.87%.

$505,195 / 3.125 = $161,662

If BTC goes to around $161K in 2025 the miners will be making the same in inflation adjusted-dollars as they did in 2021. It needs to 1.75x to reach that point. It is possible. Perhaps BTC goes to $200k this year. We'll see. These calculations are interesting to me in assessing the long-term viability of the BTC mining / security dynamics. Now you know why Saylor says BTC will eventually go to $13 million or beyond. It has to in order to maintain the same level of security.

The security will be a challenge to defend if it is centralized. Imagine a few decades from now you have a few large mining facilities left. A pissed of nation / dictator with an axe to grind blows it all up with a hypersonic nuke. Perhaps by then BTC would have evolved beyond proof-of-work which I think is likely. Or they have mining operations on Mars and the Moon. I am just scratching my head saying why? Proof-of-Stake is a lot more efficient and not as much a hostage to dwindling miner rewards.


Do you know why obsidian is constantly gassing ethereum and shitting on Bitcoin???? BECAUSE HE HAS TOOO he is invested in ETHEREUM not BITCOIN!!! Derp derp  :'(
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 11, 2025, 01:39:27 AM
Quote from: obsidian on January 09, 2025, 12:41:31 PM
The Long-Term Challenge of Bitcoin's Halving and Security
Bitcoin’s Proof-of-Work (PoW) system depends on miners being rewarded in BTC. However, the block reward is cut in half every four years, reducing payouts and impacting network security over time.

Halving Schedule & Block Rewards
Bitcoin’s block reward will continue to halve approximately every four years:

2024: 3.125 BTC
2028: 1.5625 BTC
2032: 0.78125 BTC
2036: 0.390625 BTC
2040: 0.1953125 BTC
2044: 0.09765625 BTC
2048: 0.048828125 BTC

Impact on Mining Economics
Currently, mining one BTC costs about $90,000, and the total cost to mine a block (3.125 BTC) is around $281,250.

Even if BTC reaches $6 million by 2048, the block reward would be worth around $293,000, which wouldn’t buy the same level of security as it does today due to inflation and rising costs.

By 2056-2060, Bitcoin’s rewards will halve twice more, requiring BTC to hit more than $12M–$24M per coin to exceed 2025 cost-to-mine security-levels due to dollar devaluation. It might have to go much higher if the dollar has collapsed by then.

Centralization and Security Risks
As rewards shrink, mining will likely become centralized, with large operations needing extensive security measures to protect infrastructure. Without changes to Bitcoin’s economic model, this trend could weaken the network’s security and decentralization in the long run.

A few points - the mining cost you have provided is the cost for some miners. However, some mine far more efficiently, and are in the 10K per coin range. (It also of course depends on how you factor in the cost of rigs). But miners are always gravitating towards cheaper and cheaper (and ultimately free) energy.

As BTC keeps declining in new supply, combined with increased demand, price will rocket up. Its like a double squeeze - less supply, continued demand, growing adoption, and measures in money printed fiat - BTC will rise exponentially over the next 2 halving cycles through to 2032. (At that point, we will easily be over USD 1m per coin).

We know its the "work" required which makes BTC valuable. We also know that any "proof of stake" asset basically has no value long term - we learned that with fiat already.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 11, 2025, 01:41:05 AM
GIB - 180K
MayDay - 200K
SouJerz -125K

Obsidian - what's your number my man?

Anyone else?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 11, 2025, 04:18:01 PM
Quote from: SouJerz on January 10, 2025, 06:50:43 PM

Do you know why obsidian is constantly gassing ethereum and shitting on Bitcoin???? BECAUSE HE HAS TOOO he is invested in ETHEREUM not BITCOIN!!! Derp derp  :'(
Well of course. That's no different than Saylor gassing Ethereum and boosting BTC. Or GIB with his BTC position.

But refute the numbers. The numbers don't lie. in 2048 a BTC block will yield 0.048828125 BTC. It is currently at 3.125 BTC. A BTC block in 2021 gave miners $425,000. Now a BTC block gets them under $300,000 even at BTC above $90,000. The price of a BTC block will go lower every 4 years.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 11, 2025, 04:29:29 PM
Quote from: gib on January 11, 2025, 01:39:27 AM
A few points - the mining cost you have provided is the cost for some miners. However, some mine far more efficiently, and are in the 10K per coin range. (It also of course depends on how you factor in the cost of rigs). But miners are always gravitating towards cheaper and cheaper (and ultimately free) energy.

As BTC keeps declining in new supply, combined with increased demand, price will rocket up. Its like a double squeeze - less supply, continued demand, growing adoption, and measures in money printed fiat - BTC will rise exponentially over the next 2 halving cycles through to 2032. (At that point, we will easily be over USD 1m per coin).

We know its the "work" required which makes BTC valuable. We also know that any "proof of stake" asset basically has no value long term - we learned that with fiat already.
The cost or value of a mined block of BTC was $425,000 in 2021. It is now less than $300,000.

Let's look at some numbers. The current BTC hashrate is 746.52 EH/s.

https://www.coinwarz.com/mining/bitcoin/hashrate-chart

The most powerful miner currently is the S21e XP Hydro 3U which can hash at 860 TH/s. They can be bought for around $18-20k.

https://www.asicminervalue.com/miners/bitmain/antminer-s21e-xp-hydro-860th

The ratio of 746.52 EH/s to 860 TH/s is approximately 868,046.51. This means it would take about 868,047 of the most powerful ASIC miners (with a hash rate of 860 TH/s) to match the current Bitcoin network hashrate.

51% of 868,046 is approximately 442,703.46.

This means it would take around 442,704 of the most powerful ASIC miners available to potentially achieve a 51% attack on the Bitcoin network, based on the current network hashrate of 746.52 EH/s.

The cost to buy 442,704 ASIC miners at an average price of $20,000 each would be approximately $8.85 billion.

Contrast this with Ethereum:

As of January 11, 2025, approximately 27.95% of the total Ethereum (ETH) supply is staked.

To estimate the cost of acquiring 51% of the staked ETH:

1. Determine the total ETH supply: The circulating supply of ETH is approximately 120,488,566 coins.
2. Calculate the total staked ETH:

27.95% of 120,488,566 ETH is staked.
Total staked ETH ≈ 0.2795 × 120,488,566 ≈ 33,676,000 ETH.

3. Calculate 51% of the staked ETH:

51% of 33,676,000 ETH ≈ 0.51 × 33,676,000 ≈ 17,174,760 ETH.

4. Determine the current price of ETH: The price of Ethereum is approximately $3,287.28 per ETH.

5. Estimate the total cost:

Total cost ≈ 17,174,760 ETH × $3,287.28/ETH ≈ $56,462,000,000.

Therefore, acquiring 51% of the currently staked ETH would cost approximately $56.46 billion.

Note: This is a simplified estimate. In reality, purchasing such a large amount of ETH would likely drive up the price due to increased demand, resulting in a higher total cost. Additionally, liquidity constraints and market reactions could further impact the feasibility and expense of such an acquisition.

Let's say you have the ETH. Now you need to configure all your validators. There are currently around 500,000 validator machines. It is possible to run 50 validators on one machine with 64 GB RAM. But in reality it looks like there's an average of 2 validators per machine. So you would need around 250,000 computers with 64 GB RAM. Network switches and other accessories. That's probably another $1 billion+. You would need many people to configure the validators, get in a waiting list to become a validator.

Attacking Ethereum or Bitcoin would result in loss of funds of course. BTC's value would plummet and in ETH's case the value would plummet and the staker's holdings would be slashed. But it looks to me like it will be more expensive and time consuming to attack Ethereum than Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 11, 2025, 04:44:31 PM
Quote from: gib on January 11, 2025, 01:39:27 AM
A few points - the mining cost you have provided is the cost for some miners. However, some mine far more efficiently, and are in the 10K per coin range. (It also of course depends on how you factor in the cost of rigs). But miners are always gravitating towards cheaper and cheaper (and ultimately free) energy.

As BTC keeps declining in new supply, combined with increased demand, price will rocket up. Its like a double squeeze - less supply, continued demand, growing adoption, and measures in money printed fiat - BTC will rise exponentially over the next 2 halving cycles through to 2032. (At that point, we will easily be over USD 1m per coin).

We know its the "work" required which makes BTC valuable. We also know that any "proof of stake" asset basically has no value long term - we learned that with fiat already.
Those numbers are not the cost of miners. It's the block reward. A BTC block is mined every 10 minutes. The network regulates itself to maintain a steady 1 block per 10 minutes. Not less and not more. The current BTC block reward is 3.125 BTC. To get the value in dollars you just multiply 3.125 by the price of BTC in dollars.

When BTC was $108,000 in 2024 the block reward was 3.125 x 108,000 = $337,500
When BTC was $68,000 in 2021 the block reward was 6.25 x 68,000 = $425,000

Even the company with the cheapest energy rate cannot mine more than 1 block every 10 minutes. So they are capped at the block reward and price of BTC. As I said, BTC would have to go to around $161k for a 2025 BTC block to match the inflation adjusted dollar value of a 2021 BTC block. So BTC miners can expect a steady decline in BTC mining income every year. Energy costs go up, miner rewards goes down, it centralizes more and more. The BTC price also peaks at a high value for a short period and then settles at a lower amount. So the miners are profitable for a few weeks and then it is another steady financial drain.

Ethereum staking does not have this issue as much. Solo validators do have infrastructure, hardware, electrical, internet and maintenance costs. Pool stakers don't. Pool stakers pay a fee for that infrastructure. But in the end the income is more guaranteed than BTC mining.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 13, 2025, 04:12:04 AM
ETH is now down 44% to BTC over the last year. Pretty much right at the spot I predicted.

Obsidian - can you please please move just a little of that ETH to BTC! Please stop this stubborn madness. I want all here to be successful. You of all people, should see the opportunity literally right there in front of you.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on January 13, 2025, 11:22:20 AM
Quote from: gib on January 13, 2025, 04:12:04 AM
ETH is now down 44% to BTC over the last year. Pretty much right at the spot I predicted.

Obsidian - can you please please move just a little of that ETH to BTC! Please stop this stubborn madness. I want all here to be successful. You of all people, should see the opportunity literally right there in front of you.

 :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 14, 2025, 09:50:46 AM
Quote from: affeman on January 13, 2025, 11:22:20 AM
:D

That Schiff really is an idiot isn't he...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 14, 2025, 09:52:51 AM
https://www.forbes.com/sites/digital-assets/2025/01/14/leak-reveals-imminent-trump-game-changer-100-trillion-bitcoin-price-predicted/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 16, 2025, 02:49:28 PM

My correlation calculations up and down moves. That’s what i had.

This method is the final boss. I expect this to break. I expect 245k due to it breaking.

98% expecting a big sell off. Hasn’t happened as correlation still dictates us. If anyone is repying on production metrics just keep in mind you only require direction, not the magnitude. It’s showing up, that’s all we need to know.

We aren’t gunning for a new ATH yet and will range. Event window Jan-Apr. equities going higher and I’m still long S&P and will add post window.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 18, 2025, 08:23:34 AM
ETH JUST HIT A 4 YEAR LOW to BTC!!! And its very likely it will hit a 5 year low to BTC over the next year.

It seems quite a clear trend - Eth is between a rock and a hard place. Eth is bleeding. Its bleeding to BTC, and its bleeding into SOL.

ETH lost all claims of being an "alt" to BTC in terms of being a store of value. It's value derived from being a blockchain which facilitates smart-contracts, and as such, its value can be intrinsically calculated, which in turn massively limits the market cap of its blockchain and hence of its tokens. And further, that value is diluted as numerous other smart-contract "alts" emerge.

It is also well-known that Trump's new SEC head is a fan of Sol and BTC (and these guys are corrupt as hell when it comes to supporting their own investments).

So, here is where I think we are at:

1. BTC is established as the global store of value. BTC is where the world moves its wealth from fiat and other fiat hedges (such as property and stock and bonds and gold) over time. And that is one hell of a use case, which will attract a phenomenal and massive valuation in the years ahead.

2. There is no realistic "alt" to Bitcoin. That is now increasingly clear, even to shitcoiners.

3. The various other types of investments, often referred to as "alts" and "shitcoins", have nothing at all to do with BTC. Some are shares in projects which provide some utility. (Eth, Sol, FIL, UniSwap, ChainLink etc are example). And most are just outright useless scams. (And an infinite number of the latter can be produced, literally within seconds).

4. We should consider alts and shitcoins as investments in the same way we would consider an investment in any other business. Nothing magical about them just because your share is represented by a "crypto token". Whether you have a share in a bread factory, or an airline, or car manufacturer, or a "crypto project" - its all the same. Only with traditional business, there is far more scrutiny over their activities and over the fund raising, and so its far harder to raise capital legitimately than via an alt or shitcoin ICO. As such, these  traditional business are likely to be a far more viable investment than an alt or shitcoin. So, you need to ask yourself - why would any business issue shares in it via crypto token vs the traditional way? The answer? - most likely because with far less scrutiny, they can attract far more stupid money and suckers (at least in the short term) regardless of the lack of any fundamental value of what they are actually offering. What happens in the long term to such ventures? Money is of course not unlimited, and so what happens is that as they fail to live to expectations, the value of any share in such ventures declines. And for most, pretty much to zero.

5. So, what about the mythical "alt season" so many shitcoiners believe in and hope for? Well, this is largely a story that scammers tell to suck more money out of such naive fools (the scammers selling to them of course putting their own ill-gotten gains straight into BTC). A better phrase might actually be "idiot season". We may get an "alt season" when global liquidity leads to inflows which outweigh total supply of shitcoins, but due to shitcoins being able to be infinitely produced, such a "season" if it ever occurs again, will very quickly be met by new supply of newer shitcoins, again leading to declines. It's hard to believe this is still not obvious to all.

6. If you are to dabble in shitcoinery at all, do it at the bottom of a cycle when the world is feeling maximum economic pain. And even then, buy only projects that have some fundamental value. (Again, Filecoin, UniSwap, and ChainLink are examples of what you should consider in such situations).

But really, what to do, as I have explained many times before, it really is very very simple. Buy BTC., As much as you can. Keep stacking, and HODL. I have said time and time again that lessons will be learned. And again, that is now occurring...

All those who listened to me at the start of this thread should now have at least 1 BTC and so be worth at least 100K. There is really no excuse for anyone here who failed to do so.

But for anyone new here, or those who for some reason failed to listen - it's not too late. BTC WILL HIT 1m per coin. Again, I urge anyone who is not yet a wholecoiner, to get there as quickly as they can. All the info you need is in this thread. Please please do not waste this opportunity to set yourself for life.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on January 18, 2025, 12:36:51 PM
Solana is a combination of Microsoft, Apple, Nvidia and Amazon.
Solana is on all the narratives (Defi, Depin, IA, Gaming, RWA etc.). Memecoins just serve as a stress test for the mainnet.
Solana is the only blockchain to generate tons of cash and to be in constant revolution and adaptation to all the new technologies that emerge. It adapts, implements and systematically corrects all the needs that confront it thanks to unrivaled responsiveness. The only part she won't have will be brought by Kaspa.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 18, 2025, 03:07:40 PM
Quote from: gib on January 18, 2025, 08:23:34 AM
ETH JUST HIT A 4 YEAR LOW to BTC!!! And its very likely it will hit a 5 year low to BTC over the next year.

It seems quite a clear trend - Eth is between a rock and a hard place. Eth is bleeding. Its bleeding to BTC, and its bleeding into SOL.

OMG you just love to shit on ETH don't you. That's bullish as fuck!

Solana crashed to $175 literally a week ago. BTC crashed to $90K.

Now it pumped because of Trump's Meme coin and then you claim ETH is bleeding into SOL. Literally a week ago it was the reverse. You pick and choose your posts when the ETH chart is in the red. You should know by now that the line up to the top will not be a straight line.

Ethereum's fundamentals are better than Bitcoin or Solana. It's more expensive to attack ETH than BTC or SOL. ETH is more decentralized. ETH's current inflation is lower than BTC or SOL.

Here is the ETH chart. This looks bullish to me!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 18, 2025, 03:16:46 PM
Quote from: French on January 18, 2025, 12:36:51 PM
Solana is a combination of Microsoft, Apple, Nvidia and Amazon.
Solana is on all the narratives (Defi, Depin, IA, Gaming, RWA etc.). Memecoins just serve as a stress test for the mainnet.
Solana is the only blockchain to generate tons of cash and to be in constant revolution and adaptation to all the new technologies that emerge. It adapts, implements and systematically corrects all the needs that confront it thanks to unrivaled responsiveness. The only part she won't have will be brought by Kaspa.
Not sure how much you know about computer tech. The Solana blockhain is huge and bloated and growing daily. It's over 300TB. You need enterprise hardware just to store the chain.

Solana weighs in at a whopping 300 terabytes and growing at a rate of several terabytes per month. For comparison, Bitcoin is a lightweight at a very tiny 640G. You can keep that on a memory card.

https://www.node40.com/blog/why-tracking-solana-transactions-is-difficult/

I don't see how this will be sustainable in the long run. What happens when it reaches 1000TB?! It is growing in size too fast.

There's a 11.2 million SOL unlock coming in March that will inflate the supply by 2.29%.

https://solana.messari.io/token-unlocks
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 18, 2025, 03:22:59 PM
Quote from: gib on January 13, 2025, 04:12:04 AM
ETH is now down 44% to BTC over the last year. Pretty much right at the spot I predicted.

Obsidian - can you please please move just a little of that ETH to BTC! Please stop this stubborn madness. I want all here to be successful. You of all people, should see the opportunity literally right there in front of you.
This is so cringe. You're begging me to move ETH to BTC. I will never ever tell anyone to buy anything since I am not an investment adviser. The ETH / BTC chart is almost at the bottom. It is the worst time to pivot from ETH to BTC. ETH normally does well from January to June, based on 10 year price history. BTC tends to do better from July - December - historically.

I have BNB, DOGE and XRP holdings to tie me over while we wait for ETH to wake up.  ;D

Remember, 1 ETH = 1 ETH. Sometimes 10 ETH = 1 BTC. Other times 30 ETH = 1 BTC. And occasionally 3 ETH = 1 BTC
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 18, 2025, 05:23:04 PM

Either here or it falls to there.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 19, 2025, 01:45:07 AM
Quote from: obsidian on January 18, 2025, 03:22:59 PM
This is so cringe. You're begging me to move ETH to BTC. I will never ever tell anyone to buy anything since I am not an investment adviser. The ETH / BTC chart is almost at the bottom. It is the worst time to pivot from ETH to BTC. ETH normally does well from January to June, based on 10 year price history. BTC tends to do better from July - December - historically.

I have BNB, DOGE and XRP holdings to tie me over while we wait for ETH to wake up.  ;D

Remember, 1 ETH = 1 ETH. Sometimes 10 ETH = 1 BTC. Other times 30 ETH = 1 BTC. And occasionally 3 ETH = 1 BTC

Obsidian - my aim is not to embarrass or try to humiliate you. Believe me, the purpose of all these comments, even if they do rub you the wrong way, is to motivate you to come to your senses and do the right thing. I am here to help, and I want everyone here to be successful. Your are one of the smartest guys here - and you deserve better. My comments on this topic are also for anyone else who is at risk of falling into a similar trap.

I'll say it again - in the long term, almost no investment will outperform BTC. In the short term, yes some "alts" always will, but the vast vast majority of people will fail at buying and selling such alts at the right time.

Honestly, that has been my genuine aim throughout since the start of this thread. To help ensure people here have the information both to protect them from losing money, and the information to succeed.

As for Eth doing well in Jan to June or whatever, and basing your investment strategy on such beliefs, that is a load of nonsense, and you know it. You have caught yourself up in "now ETH is about to do well" narratives for the last 3 years now - nothing has changed! It's the hardest thing in investing to take a loss and pivot, but yes that is what I am suggesting you do. Just average yourself out, perhaps moving 5% per month into BTC. What I do NOT want, is to be having this some conversation with you next year, or the year after. Come on mate - you know better. Detach yourself from irrational emotion, and take a step back and look at this big picture. Understand and internalize how, and why BTC is different from any other "alt" which attempts to syphon/scam/trick you into giving up your BTC, only to be rub-pulled, either slowly, or quickly - but either way - it's the same thing eventually.

PS - I am glad some of your other holdings are doing well. And even ETH has outperformed the USD, so that is good. (although I note that ETH is now around 3000 USD, vs a peak of 4500 USD back in 2021. So, not great... But again, either way, on a risk vs reward analysis, is should be so obvious what you need to do. And remember, none of these "investments" are in ventures which are a legitimate "alt" to BTC. (Well, DOGE in theory is, but in reality of course is not).

Just buy BTC and hodl. It is such an important asset to have exposure to, the to grow exposure to if at all possible.

Below you can see a chart showing how poorly Eth had performed against BTC over the last 3 years. And I have said earlier, I expect this trend to continue (for obvious reasons).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on January 19, 2025, 02:38:18 AM
He is right, all paradigms have changed and ETH which is Canadian is dying because it is an outdated blockchain which brings nothing except a few hungry layers 2 which promise far too much.
Soon, it will be XRP that will die because it is technologically outdated, brings nothing and has never been able to bring improvement.
the United States will favor American cryptos and mainly Solana which is the only one to generate a daily volume of more than 10 billions and an annual balance sheet of billions.
The new deflationary mechanism + ETF + new institutional partnerships and new mainnet infrastructure implementations will bring it to $2,000.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 19, 2025, 03:06:22 AM
Quote from: gib on January 19, 2025, 01:45:07 AM
Obsidian - my aim is not to embarrass or try to humiliate you. Believe me, the purpose of all these comments, even if they do rub you the wrong way, is to motivate you to come to your senses and do the right thing. I am here to help, and I want everyone here to be successful. Your are one of the smartest guys here - and you deserve better. My comments on this topic are also for anyone else who is at risk of falling into a similar trap.

I'll say it again - in the long term, almost no investment will outperform BTC. In the short term, yes some "alts" always will, but the vast vast majority of people will fail at buying and selling such alts at the right time.

Honestly, that has been my genuine aim throughout since the start of this thread. To help ensure people here have the information both to protect them from losing money, and the information to succeed.

As for Eth doing well in Jan to June or whatever, and basing your investment strategy on such beliefs, that is a load of nonsense, and you know it. You have caught yourself up in "now ETH is about to do well" narratives for the last 3 years now - nothing has changed! It's the hardest thing in investing to take a loss and pivot, but yes that is what I am suggesting you do. Just average yourself out, perhaps moving 5% per month into BTC. What I do NOT want, is to be having this some conversation with you next year, or the year after. Come on mate - you know better. Detach yourself from irrational emotion, and take a step back and look at this big picture. Understand and internalize how, and why BTC is different from any other "alt" which attempts to syphon/scam/trick you into giving up your BTC, only to be rub-pulled, either slowly, or quickly - but either way - it's the same thing eventually.

PS - I am glad some of your other holdings are doing well. And even ETH has outperformed the USD, so that is good. (although I note that ETH is now around 3000 USD, vs a peak of 4500 USD back in 2021. So, not great... But again, either way, on a risk vs reward analysis, is should be so obvious what you need to do. And remember, none of these "investments" are in ventures which are a legitimate "alt" to BTC. (Well, DOGE in theory is, but in reality of course is not).

Just buy BTC and hodl. It is such an important asset to have exposure to, the to grow exposure to if at all possible.

Below you can see a chart showing how poorly Eth had performed against BTC over the last 3 years. And I have said earlier, I expect this trend to continue (for obvious reasons).
I am more annoyed by your constant bashing of Ethereum than anything else. Ethereum's fundamentals are way better than BTC, SOL or XRP. Ripple released their stablecoin on Ethereum - lol!

I have Ripple, but it is not really a competitor to ETH.

I am giving Ethereum the whole of 2025 to prove it is worth what I think it is. I have it locked up in staking anyway. I would have liked to get in on Trump's meme coin. It caught many off guard. Some people reckon it is going to pump to around $100 billion in market cap soon. It's also helped Solana because it was released on it. Trump also has an Ethereum DEFI project, along with his NFTs. $TRUMP has already surpassed other established MEMEs like PEPE and Shiba INU. I think it will be fucked up if it goes to $100 billion considering how centralized it is. It's also stealing capital from all the other established cryptos. This is not what many thought when they talked about the "Trump Pump". His useless MEME is being pumped more than anything else.

Solana and XRP also pumped because they are seen as "US" crypto projects and there are rumors those would be included in a strategic reserve. The largest supply of stablecoins are on Ethereum, plus BlackRock is invested in it. So one could argue ETH also has some US roots.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 19, 2025, 03:14:49 AM
Quote from: French on January 19, 2025, 02:38:18 AM
He is right, all paradigms have changed and ETH which is Canadian is dying because it is an outdated blockchain which brings nothing except a few hungry layers 2 which promise far too much.
Soon, it will be XRP that will die because it is technologically outdated, brings nothing and has never been able to bring improvement.
the United States will favor American cryptos and mainly Solana which is the only one to generate a daily volume of more than 10 billions and an annual balance sheet of billions.
The new deflationary mechanism + ETF + new institutional partnerships and new mainnet infrastructure implementations will bring it to $2,000.
What a load of crap. Trump released a DEFI token on Ethereum. A major Swiss Bank just offered Ethereum Staking. It Ethereum is dying why are so many major players entering the Ethereum ecosystem?! Sony, BlackRock, Microsoft, etc.

You believe in magic if you think Solana's 300TB  blockchain that grows by terabytes every month will not be a train wreck in a few years. It will become too large to handle so they will start dumping transaction history like credit card companies. The beauty of blockchains is that ALL the transaction history is available. I would not be shocked if Solana experiences another shutdown at some point as it has done many times before.

Solana supporters like you bash the Ethereum L2 strategy and meanwhile Solana and Bitcoin are developing their own L2s. Very hypocritical and shady practice.

Ethereum is world-wide based. There are many US-based ETH developers and holders. I am one of them. I mined all my Ethereum in the US, not overseas. I paid taxes in the US. The largest US dollar stablecoin supply is on the Ethereum network.

https://news.bitcoin.com/major-swiss-bank-expands-crypto-offerings-with-ethereum-staking/

Major Swiss Bank Expands Crypto Offerings With Ethereum Staking

Swiss state-owned bank Post Finance AG has expanded its digital-asset offering by introducing staking for Ethereum (ETH), allowing holders to earn passive income. The bank plans to add staking for other tokens soon. Post Finance, which started trading and custody services for cryptocurrencies nearly a year ago, is the first systemically important bank to offer staking. This move comes as enthusiasm for digital assets grows in Switzerland and globally, fueled by rising prices and Donald Trump’s return to power in the U.S. Additionally, a group of Swiss crypto enthusiasts proposed a national referendum for the central bank to hold bitcoin in its reserves, alongside the dollar, euro, and gold. However, the Swiss National Bank remains skeptical of crypto assets.

https://www.bloomberg.com/news/articles/2025-01-16/swiss-state-owned-bank-postfinance-expands-in-crypto-with-ethereum-staking
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 19, 2025, 04:46:36 AM
Trump's World Liberty Financial holdings:

(https://pbs.twimg.com/media/Gho3HwDW8AAeWcX?format=jpg&name=large)

What Eric Trump has to say on X:

''I am extremely proud of what we continue to accomplish in crypto. $Trump is currently the hottest digital meme on earth and I truly believe that @WorldLibertyFi will revolutionize DeFi/Cefi and will be the future of finance. We are just getting started!''
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 19, 2025, 04:51:33 AM
World Liberty Financial Dumps BTC For ETH Amid Treasury Shuffle

World Liberty Financial, the DeFi platform affiliated with the Trump family, has started dumping Bitcoin for Ethereum.

According to data from Arkham Intelligence, the exchange swapped 103 wrapped BTC worth approximately $10 million for 3,075 ETH on Jan. 14. It then transferred $61.4 million worth of ETH to multiple wallets, including Coinbase Prime.

The exchange explained the transfers in a Jan. 14 X post, stating that it only made routine movements of its crypto holdings for business purposes and did not intend to sell any tokens.

“We’re making routine movements of our crypto holdings as part of regular treasury management, and payment of fees and expenses and to address working capital requirements. To be clear, we are not selling tokens—we are simply reallocating assets for ordinary business purposes,” World Liberty wrote.

Following the transfers, World Liberty now has $17.27 million worth of crypto assets in its portfolio, including USDC ($7.08 million), ETH ($3.87 million), AAVE ($1.94 million), WBTC ($1.74 million) and LINK ($1.70 million).

This represents a significant drop from the $83 million it held on Dec. 17, according to Arkham Intelligence data.

https://thedefiant.io/news/defi/world-liberty-financial-dumps-btc-for-eth-amid-treasury-shuffle
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 19, 2025, 08:08:42 AM
I'm seeing on X that Trump's World Liberty Financial has bought at least $20 million in ETH in the past hour.

Now holds $55.43 million in ETH compared to $5.49 million 3 days ago.

https://platform.spotonchain.ai/en/entity/2361?min_amount=4&date_range=9
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 19, 2025, 09:32:10 AM
Quote from: Griffith on January 19, 2025, 04:46:36 AM
Trump's World Liberty Financial holdings:

(https://pbs.twimg.com/media/Gho3HwDW8AAeWcX?format=jpg&name=large)


You do realise how small this portfolio is right? Aside from their USD stable coins, they own barely more "crypto" than I do. And I am just one person.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 19, 2025, 09:38:08 AM
Quote from: gib on January 19, 2025, 09:32:10 AM
You do realise how small this portfolio is right? Aside from their USD stable coins, they own barely more "crypto" than I do. And I am just one person.

Current portfolio is $141 million.

They're still buying more ETH, $78 million now.

https://platform.spotonchain.ai/en/entity/2361?min_amount=4&date_range=9
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 19, 2025, 09:51:52 AM
Trump purchased another $6 million ETH on top of the $20 million purchased earlier today.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 19, 2025, 10:32:57 AM
What do you guys think of the Trump Coin?

Personally I think it's disgraceful, and that it will end up being a massive rugpull. Its also a very easy way for anyone to "legitimately" bribe him (just make it know you are "donating" by buying his shitcoin.

Reality is they will take sucker money which is buying this shit, and themselves buy Bitcoin.

Thoughts?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 19, 2025, 10:54:41 AM
Quote from: gib on January 19, 2025, 10:32:57 AM
What do you guys think of the Trump Coin?

Personally I think it's disgraceful, and that it will end up being a massive rugpull. Its also a very easy way for anyone to "legitimately" bribe him (just make it know you are "donating" by buying his shitcoin.

Reality is they will take sucker money which is buying this shit, and themselves buy Bitcoin.

Thoughts?
I am pissed off that I missed it. I became aware of it when it was around $18, and now look where the price sits. I will probably get some if there are larger price corrections.

I don't think Trump will rugpull it. That's his brand and would not be a good look for him if it crashes and dumps. He controls the majority of the supply and will probably just sit on it. They might sell off small amounts here and there.

I think let's wait and see if Trump will really be good for crypto. He can have his $TRUMP so long as his policies help all the other major crypto projects. I want to see all crypto projects benefit - not just one or two.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 19, 2025, 11:10:52 AM
(https://preview.redd.it/coinbase-listing-a-1-day-old-memecoin-with-80-of-the-supply-v0-4lrz1tzj4yde1.jpeg?width=1080&crop=smart&auto=webp&s=68a0016deb7e724dbcf520a6d0dc937decbfbcda)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 19, 2025, 11:35:54 AM

At a guess, Trump coin launched on Solana so insiders can dump allowing them to buy up ETH.

I assume we likely once ETH is pumping they’ll launch it on there, dump and rotate.

Interesting people go apeshit about senators making 10s of millions from insider trading yet just days before getting into office, Trump launches a coin and his team will make 100s of millions….. I haven’t heard any uproar.

Reality is nobody gives a shit if you are also making money. Wouldn’t be surprised to see Trump remove taxes from crypto later this year.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 19, 2025, 12:02:46 PM
World Liberty Financial have been buying ETH non-stop today.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 19, 2025, 05:29:08 PM
Trump X'd the Official Melania Meme 4 hours ago. Get it NOW before it dumps like the $TRUMP MEME!  ;D

https://melaniameme.com/

https://x.com/realDonaldTrump?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

(https://pbs.twimg.com/media/Ghr1eIsXoAEhkSx?format=jpg&name=small)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 19, 2025, 07:14:54 PM
Quote from: Mayday on January 19, 2025, 11:35:54 AM
At a guess, Trump coin launched on Solana so insiders can dump allowing them to buy up ETH.

I assume we likely once ETH is pumping they’ll launch it on there, dump and rotate.

Interesting people go apeshit about senators making 10s of millions from insider trading yet just days before getting into office, Trump launches a coin and his team will make 100s of millions….. I haven’t heard any uproar.

Reality is nobody gives a shit if you are also making money. Wouldn’t be surprised to see Trump remove taxes from crypto later this year.
(https://pbs.twimg.com/media/GhswsjCWsAATq9D?format=jpg&name=small)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 19, 2025, 07:15:57 PM
Quote from: Griffith on January 19, 2025, 12:02:46 PM
World Liberty Financial have been buying ETH non-stop today.
(https://pbs.twimg.com/media/GhsqlIyaYAAAx9B?format=jpg&name=small)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 19, 2025, 07:18:02 PM
Grok summary
Recent discussions around Ethereum have been sparked by significant developments including Vitalik Buterin changing his profile picture to a Milady NFT, and speculation about political figures like Trump and Putin potentially influencing or launching coins on Ethereum or rival networks.

Posts on X highlight Vitalik Buterin's profile picture change to a Milady NFT, suggesting a renewed interest or support for Ethereum from its co-founder.

There's speculation about political figures impacting Ethereum; for instance, posts discuss Trump's involvement with Solana and hypothetical scenarios with Putin launching a coin on Ethereum.

The Ethereum community appears to be rallying with calls for "wartime users" and a focus on bringing back fun elements like memes and NFTs to the ecosystem, indicating a push for increased engagement and utility.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 19, 2025, 07:38:39 PM
Quote from: obsidian on January 19, 2025, 07:14:54 PM
[img]quote

Yup.

This one not real hard to see. They even drew him 👀

Should be illegal as fuck though as he and insiders are front running govt policy…… this will dwarf anything Biden related.

Waiting for crypto tax removal to magically appear this year 😂
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 19, 2025, 08:22:26 PM
World Liberty Financial now has almost 40K ETH, about $125 million worth, most of which was purchased the past few days. They have been buying non-stop.

Update: 43K ETH, worth $142 million.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 20, 2025, 01:55:20 AM
Quote from: obsidian on January 19, 2025, 10:54:41 AM

I don't think Trump will rugpull it. That's his brand and would not be a good look for him if it crashes and dumps. He controls the majority of the supply and will probably just sit on it. They might sell off small amounts here and there.

I think let's wait and see if Trump will really be good for crypto. He can have his $TRUMP so long as his policies help all the other major crypto projects. I want to see all crypto projects benefit - not just one or two.

Dude - its an inherent rug pull simply in the way it is structured and launched. They own the bulk of the coins, put a tiny bit of total supply on the market, a day before new president is inaugurated, forcing price way up on constrained liquidity. They take their gains from investors and put these into BTC, leaving idiots and fools holding the bag. No different to the Hawk Tuah girl coin. And now the Melania coin.

These idiots are no better than shitcoiners who don't realized that wealth is finite and so can be infinitely diluted into an infinite number of shitcoins. Only they are on the issuing side, which is "smart" in that it makes money for the issuer, but its highly unethical.

And even the shitcoiners who think the new SEC head may be good for shitcoins better be careful what they wish for. Gensler helped constrain shitcoin supply. It may now be an absolute free-for-all, leading to an absolute shotcoin bloodbath. And so, again, lessons will be learned...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 20, 2025, 02:04:57 AM
New ATH! USD $109,090.90K
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 20, 2025, 02:11:47 AM
(https://preview.redd.it/after-second-thought-i-think-im-just-going-to-keep-my-eth-v0-bdaresh6o3ee1.jpeg?width=1080&crop=smart&auto=webp&s=a01d629437931b61d446a1d46cd3fca2dd903378)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 20, 2025, 02:16:19 AM
Quote from: gib on January 20, 2025, 01:55:20 AM
Dude - its an inherent rug pull simply in the way it is structured and launched. They own the bulk of the coins, put a tiny bit of total supply on the market, a day before new president is inaugurated, forcing price way up on constrained liquidity. They take their gains from investors and put these into BTC, leaving idiots and fools holding the bag. No different to the Hawk Tuah girl coin. And now the Melania coin.

These idiots are no better than shitcoiners who don't realized that wealth is finite and so can be infinitely diluted into an infinite number of shitcoins. Only they are on the issuing side, which is "smart" in that it makes money for the issuer, but its highly unethical.

And even the shitcoiners who think the new SEC head may be good for shitcoins better be careful what they wish for. Gensler helped constrain shitcoin supply. It may now be an absolute free-for-all, leading to an absolute shotcoin bloodbath. And so, again, lessons will be learned...
They also bought ETH - over 40,000 ETH.

Rug pull means it crashed down 99%. I don't think that is what's going to happen. A 50% crash is not a rug pull. Even Bitcoin has crashed that much in the past. Trump controls the supply and he'll HODL enough to prevent a complete crash. At least that's my theory. I don't see how he benefits from his MEMEs crashing 99%. He's not some 13-year old sitting in his mom's basement ready to pull the plug on his MEME.

(https://preview.redd.it/after-second-thought-i-think-im-just-going-to-keep-my-eth-v0-bdaresh6o3ee1.jpeg?width=1080&crop=smart&auto=webp&s=a01d629437931b61d446a1d46cd3fca2dd903378)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 20, 2025, 03:07:29 AM
Quote from: obsidian on January 20, 2025, 02:16:19 AM
They also bought ETH - over 40,000 ETH.

Trump controls the supply and he'll HODL enough to prevent a complete crash. At least that's my theory. I don't see how he benefits from his MEMEs crashing 99%. He's not some 13-year old sitting in his mom's basement ready to pull the plug on his MEME.


We will see. Wealth is finite. Memes are infinite. And gread and idiocy are also seemingly infinite. Long term, the truth always prevails.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 20, 2025, 04:51:13 AM
World Liberty Financial bought 4 ENS domain names

worldliberty.eth, trumpcoin.eth, erictrump.eth and barrontrump.eth

https://platform.spotonchain.ai/en/signal-details/world-liberty-financial-bought-4-ens-domain-names-309359
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 20, 2025, 04:58:39 AM
Hasn't bought one or launched a coin for the presidential dog yet. Give it time... lol :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on January 20, 2025, 10:34:06 AM
If Ethereum is so great why is the price not going up?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 20, 2025, 12:44:24 PM
Quote from: SouJerz on January 20, 2025, 10:34:06 AM
If Ethereum is so great why is the price not going up?
Well it has not dumped too much today. BTC was $109k a few hours ago and now it is at $104k and actually went down to 101.6k.

There's extreme FUD and negativity directed against ETH, when the fundamentals are great. ETH had decent deflation. Then people bitched about the higher fees. Eth then upgraded via Dencun to lower the fees. Now they are bitching at the inflation. Well, the past day ETH's inflation was -0.819%. Over 7 days it was 0.238%. 30 days 0.448%. That's still a lot less than Bitcoin's current inflation of 0.83% and way less than Solana with its 6-7% inflation. There's a 11.2 million SOL unlock coming in March.

But somehow people will criticize Ethereum's inflation and not Solana's.

Solana still has issues. Look at these Reddit posts:

https://www.reddit.com/r/solana/comments/1i5d74a/is_solana_down_havent_been_able_to_complete_any/

Is solana down? Haven’t been able to complete any transactions in the last hour

last 5 hrs for me lmao. still waiting for my pending transfer to go through 🤦‍♀️

Thanks for the reply man. I sent Solana from coinbase to phantom like 12 hours ago and still nothing. Is it possible to send a tip ?

Solana down trying to get 1.3M out nothing is working

3hrs I’ve been waiting on a transaction to leave Coinbase. How does a whole chain go completely down?

I see Solana choking under 4,000 TPS. SoLaNa brags about 16,000 - 1MIL TPS.

11.5 hrs and still waiting

Ethereum's price is extremely undervalued, due to FUD and BS. But that's often a bullish sign.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 20, 2025, 02:59:49 PM
BTC smacked down as without an event, it can’t gain traction. It’ll be a BIG event though, we won’t miss it.

Trump’s team are all through ETH, even buying wrapped Bitcoin instead of BTC.

They launched on Solana because that’s where the money flows for degenerates. Milk Solana and buy into ETH. Note the foundation hasn’t bought a single Solana token…..

Simply launch multiple memecoins, extract 100M+ and buy without ever using your own money…… oh and because of the 100M+ sales, the tax bill is now huge but they’ll dodge that by removing taxes on crypto.

Yet Biden pardoning people is the big news….. we only vote to switch the Devil.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 20, 2025, 04:06:22 PM
Donald Trump is starting to stake his ETH

Let me say that again....

The President of the USA is staking ETH

(https://pbs.twimg.com/media/GhxBSEoWQAAKHvT?format=jpg&name=900x900)

https://x.com/econoar/status/1881450526543684037
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 21, 2025, 02:27:10 AM
From 10 min mark. Willie Woo explains the Trump #Shitcoin.

i=S8anQBUcBeYgJNBj
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 21, 2025, 02:30:31 AM
Quote from: obsidian on January 20, 2025, 04:06:22 PM
Donald Trump is starting to stake his ETH

Let me say that again....

The President of the USA is staking ETH

(https://pbs.twimg.com/media/GhxBSEoWQAAKHvT?format=jpg&name=900x900)

https://x.com/econoar/status/1881450526543684037

Not Trump, but rather some people who have managed to con Trump's son into paying him a little or giving him a share in their business, which benefits from association with Trumps name. Same with the trump shitcoin. Nothing to be excited about, and if anything, something to be concerned about... Really not much different from the Hawk Tuah girl shitcoin scam.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 21, 2025, 05:00:16 AM
Quote from: gib on January 21, 2025, 02:30:31 AM
Not Trump, but rather some people who have managed to con Trump's son into paying him a little or giving him a share in their business, which benefits from association with Trumps name. Same with the trump shitcoin. Nothing to be excited about, and if anything, something to be concerned about... Really not much different from the Hawk Tuah girl shitcoin scam.

He also bought some Wrapped BTC on Ethereum  :D

World Liberty Financial now has $207 million ETH, $47 million WBTC and $15 million staked ETH.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 21, 2025, 06:23:29 AM
Quote from: Griffith on January 21, 2025, 05:00:16 AM
He also bought some Wrapped BTC on Ethereum  :D

World Liberty Financial now has $207 million ETH, $47 million WBTC and $15 million staked ETH.


Not Trump, but rather some people who have managed to con Trump's son into paying him a little or giving him a share in their business, which benefits from association with Trumps name. Same with the trump shitcoin. Nothing to be excited about, and if anything, something to be concerned about... Really not much different from the Hawk Tuah girl shitcoin scam.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 21, 2025, 06:43:30 AM
Quote from: SouJerz on January 20, 2025, 10:34:06 AM
If Ethereum is so great why is the price not going up?

Same reason many other things which are great and useful also have little price. For example air, rain-water, the English language, etc are free.

The thing is, Eth (and many other competing and alternative smart contract blockchains, all of which can be infinitely produced), are public ledgers which enable digital contracts. Such a function can useful, but such usefulness does not necessarily translate into any fundamental monetary value. And this is where so many people are confused. These types of blockchains, as well as those which represent stakes in projects, and meme coins (essentially nonsense created out of nothing) can be contrasted with BTC (proof of work), which has a MASSIVE monetary value, to the extent it is adopted as a global ledger of wealth (which is indeed exactly what it is taking place now).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on January 21, 2025, 09:56:33 AM
Quote from: obsidian on January 20, 2025, 12:44:24 PM
Well it has not dumped too much today. BTC was $109k a few hours ago and now it is at $104k and actually went down to 101.6k.

There's extreme FUD and negativity directed against ETH, when the fundamentals are great. ETH had decent deflation. Then people bitched about the higher fees. Eth then upgraded via Dencun to lower the fees. Now they are bitching at the inflation. Well, the past day ETH's inflation was -0.819%. Over 7 days it was 0.238%. 30 days 0.448%. That's still a lot less than Bitcoin's current inflation of 0.83% and way less than Solana with its 6-7% inflation. There's a 11.2 million SOL unlock coming in March.

But somehow people will criticize Ethereum's inflation and not Solana's.

Solana still has issues. Look at these Reddit posts:

https://www.reddit.com/r/solana/comments/1i5d74a/is_solana_down_havent_been_able_to_complete_any/

Is solana down? Haven’t been able to complete any transactions in the last hour

last 5 hrs for me lmao. still waiting for my pending transfer to go through 🤦‍♀️

Thanks for the reply man. I sent Solana from coinbase to phantom like 12 hours ago and still nothing. Is it possible to send a tip ?

Solana down trying to get 1.3M out nothing is working

3hrs I’ve been waiting on a transaction to leave Coinbase. How does a whole chain go completely down?

I see Solana choking under 4,000 TPS. SoLaNa brags about 16,000 - 1MIL TPS.

11.5 hrs and still waiting

Ethereum's price is extremely undervalued, due to FUD and BS. But that's often a bullish sign.


Noted

One more question.  If Bitcoin is so “bad” compared to ethereum.  Why does it keep going up?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 21, 2025, 01:38:56 PM
Quote from: gib on January 21, 2025, 06:23:29 AM

Not Trump, but rather some people who have managed to con Trump's son into paying him a little or giving him a share in their business, which benefits from association with Trumps name. Same with the trump shitcoin. Nothing to be excited about, and if anything, something to be concerned about... Really not much different from the Hawk Tuah girl shitcoin scam.

They’re involved. Part of why they reopened the WLFI sale again is to provide some cover for the 200M they just raked in from memecoins sale.

They can’t outright say it’s them for obvious reasons. Not illegal but ethically and morally front running your own future govt policies is questionable. Biden siphoned govt money, Trump siphoning public money 😂

ETH community is gagging over the purchase of ETH while in contrast go look at the Solana network and people are going apeshit because the memecoins just nuked a stack of their shitcoins as liquidity was sucked dry and taken to ETH.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 21, 2025, 02:33:04 PM
Quote from: gib on January 21, 2025, 02:30:31 AM
Not Trump, but rather some people who have managed to con Trump's son into paying him a little or giving him a share in their business, which benefits from association with Trumps name. Same with the trump shitcoin. Nothing to be excited about, and if anything, something to be concerned about... Really not much different from the Hawk Tuah girl shitcoin scam.
Source?

Here's what I found:

https://news.bitcoin.com/donald-trump-announces-world-liberty-financial-launch-were-embracing-the-future-with-crypto/

Donald Trump Announces World Liberty Financial Launch — 'We're Embracing the Future With Crypto'

Former U.S. President Donald Trump has announced the launch of his family’s cryptocurrency platform, World Liberty Financial, positioning it as an alternative to traditional banks. He encouraged users to join a live event on X next Monday. “We’re embracing the future with crypto and leaving the slow and outdated big banks behind,” Trump said.

Donald Trump Announces Launch Event for His Family’s New Cryptocurrency Venture
Former U.S. President Donald Trump announced in a video he posted on social media platform X on Thursday the launch of his family’s cryptocurrency platform, World Liberty Financial.

“Join me, live on Twitter Spaces at 8 p.m., this September 16th for the launch of World Liberty Financial,” he encouraged his followers to join a live event next Monday. Emphasizing the platform’s focus on crypto, positioning it as an alternative to traditional banks, the former president said:

We’re embracing the future with crypto and leaving the slow and outdated big banks behind.

Trump had previously started promoting the platform in August on his own social media platform, Truth Social. “For too long, the average American has been squeezed by the big banks and financial elites. It’s time we take a stand—together,” Trump wrote on Truth Social. The Trump Organization’s crypto venture has gained attention, with Trump’s sons, Eric and Donald Trump Jr., presenting it as groundbreaking in decentralized finance (defi).

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 21, 2025, 02:50:10 PM
Quote from: SouJerz on January 21, 2025, 09:56:33 AM

Noted

One more question.  If Bitcoin is so “bad” compared to ethereum.  Why does it keep going up?
Because Bitcoin is being marketed and mentioned everywhere. Youtube influencers place the Bitcoin name in their video titles more so than any other crypto project. Look at you intentionally capitalize Bitcoin but not Ethereum. That kind of mentality explains part of it.

The SEC under Gensler gave BTC a huge bump and held back ETH and XRP. They labeled SOL a security in one of their filings but that did not really matter to the Solana crowd - I guess.

The fundamentals of Bitcoin are actually not that great. It's becoming more centralized and the POW model where miners get less and less rewards becomes questionable 16-24 years from now, maybe sooner.

The finite supply is not that special either. ZEC has the same finite supply of 21 million as BTC, and better privacy features. But the price sits at a pathetic $49.72 and apparently an of $5,941.80 - lol! It went up to over $750 in 2017. People are still mining ZEC besides all that. They are considering switching ZEC to POS because mining is unprofitable. The same might happen with BTC.

ZEC gets almost no mention by most people. The privacy features of Zcash and Monero is also perhaps a hinderance because governments don't like that. But they still have use cases for people that want anonymity.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 21, 2025, 02:56:52 PM
Quote from: Griffith on January 21, 2025, 05:00:16 AM
He also bought some Wrapped BTC on Ethereum  :D

World Liberty Financial now has $207 million ETH, $47 million WBTC and $15 million staked ETH.
From Reddit:

Yeah, because they know in the future everyone just uses ETH, including to buy BTC. Wrapped BTC actually allows users to extract yield from BTC through lending or liquidity provision without going through a shady middleman like blockfi or celsius. BTC on BTC chain does nothing.

Wall Street loves yield so that's where crypto is going.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 22, 2025, 02:52:20 AM
Quote from: obsidian on January 21, 2025, 02:56:52 PM
From Reddit:

Yeah, because they know in the future everyone just uses ETH, including to buy BTC. Wrapped BTC actually allows users to extract yield from BTC through lending or liquidity provision without going through a shady middleman like blockfi or celsius. BTC on BTC chain does nothing.

Wall Street loves yield so that's where crypto is going.

All fine so long as BTC continues to dominate as the base-layer of global wealth. Thereafter, people can decide how they wish to transact as they see fit. There will be an infinite number of blockchains they can use for that purpose, but of course only a finite supply of BTC underlying it all. That's why we buy BTC, HODL, and ignore the noise...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 22, 2025, 05:49:38 AM
https://edition.cnn.com/2025/01/21/investing/meme-coin-trump-crypto-nightcap/index.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 22, 2025, 07:06:53 AM
Trump family may build ‘giant businesses’ on Ethereum

The Trump family may expand its involvement in the cryptocurrency industry by launching an Ethereum-based business.

Joseph Lubin, co-founder of Ethereum and founder of Consensys, hinted at the development in a Jan. 21 post on X.

“Based on what I am aware of, the Trump family will build one or more giant businesses on Ethereum,” Lubin wrote. “The Trump administration will do what is good for the USA, and that will involve ETH.”

Lubin suggested that the Trump administration might eventually integrate Ethereum technology into government activities, similar to its current use of internet protocols.

While no official announcement has been made, Lubin pointed to some tell-tale signs, including recent Ether purchases by Trump’s World Liberty Financial (WLFI) decentralized finance platform.

The WLFI-labelled wallet has amassed 55,341 ETH, worth over $183 million, making Ether the wallet’s largest holding after the Circle’s USD Coin stablecoin, Arkham Intelligence data shows.

https://cointelegraph.com/news/trump-family-ethereum-giant-businesses-lubin
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 22, 2025, 08:49:04 AM
Ethereum ETF issuers expect staking to be greenlit soon

Ethereum co-founder Joe Lubin says issuers are confident that staked Ether ETFs will be approved under new SEC leadership.

Ether exchange-traded funds issuers are hopeful that funds offering staking could “soon” be given the regulatory go-ahead, says Consensys founder Joe Lubin.

“We’ve been in discussions with the ETF providers, and they’re already working hard on that, so they expect that to be greenlit reasonably soon,” Lubin told Cointelegraph in reference to staked Ether ETFs.

The SEC has yet to approve a staked Ether ETF, but this may be about to change under new leadership, according to industry experts.

On Jan. 21, the SEC announced it was creating a crypto task force dedicated to developing a framework for digital assets led by the crypto-friendly Commissioner Hester Peirce.

In a December interview with Coinage, Peirce hinted at a very early pro-crypto shift at the financial regulator under the new administration.

Bernstein Research said last month it believed that “ETH staking yield [ETFs] will likely be approved” under a crypto-friendly SEC put in place by Trump.

https://cointelegraph.com/news/ethereum-etf-issuers-staking-etfs-soon-live-joe-lubin
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 22, 2025, 09:12:57 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 22, 2025, 09:14:54 AM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on January 23, 2025, 06:09:41 AM
Is there a future with both Ethereum and Bitcoin?  Kind of like we have gold and silver?  Aren’t there things ethereum can do that Bitcoin can’t and vice versa?  Does it have to be so black and white?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on January 23, 2025, 07:16:50 AM
No Ethereum is not Silver, just an alt in decline and impossible to reform.
the only cryptocurrency considered to be silver is and will be Kaspa.
Solana is in another dimension comparable to an integrated digital web 3 solution company. The equivalent of Microsoft Apple Nvidia Amazon.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 23, 2025, 09:56:20 AM
Agree - you cannot compare BTC and Eth like Gold to Silver. It's like comparing a car to a banana because they both happen to be yellow, and asking if a banana could be "almost as good as a car" - they are not even in the same category.

BTC is a global ledger for wealth. ETH is not the "second best" or an alternative to this. Its something entirely different all together, and indeed something which has failed in its initial aims, which can be infinitely duplicated (basically a chain for smart contracts) and has little real world use case adoption that had initially been envisaged. Yes, you can use it to exchange crypto kitties and other things like that...

It is correct that Eth will continue to decline in value compared to BTC though. That should be obvious. Many leading developers have long given up and moved on. Latest example below.

https://www.dlnews.com/articles/defi/core-dev-nick-conner-quits-amid-ethereum-civil-war/

I would urge everyone here to look at "crypto" in a similar way. There is BTC, and then there is everything else (its just that some of those other things are represented by blockchains - but the vast vast majority of this investments represented by blockchains are entirely worthless and will gravitate to zero over time. (With BTC, this is of course entirely the opposite).

I do think Eth will still exist in some form in a decade, but much more as a legacy chain, which has long since dies and been overtaken, perhaps acquiring some kind of Vitalik meme status or sentimental value, but certainly not anything taken seriously.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 23, 2025, 11:01:50 AM
Quote from: gib on January 22, 2025, 09:12:57 AM

He was forced to leave the Ethereum Foundation and then cofounded Polkadot. Look at the DOT chart - it looks like shit.

Of course this guy will badmouth Ethereum. Just like Charles Hoskinson - who bashes Ethereum every chance he gets because he was kicked out of the ETH Foundation.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 23, 2025, 11:07:06 AM
Quote from: gib on January 22, 2025, 09:14:54 AM

That guy is an idiot. He says: "Ethereum knows very well that it is a security". Ethereum doesn't know anything it is a blockchain. The guy's YouTube channel is called "Bitcoin University". LMAO. What do you expect?! Of course he will badmouth Ethereum.

That video is over 4 months old and Ethereum has not been classified as a security. Gensler himself even said a few weeks ago that the SEC never claimed Ethereum was a security.

Your post is a FAIL!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 23, 2025, 11:10:59 AM
Quote from: SouJerz on January 23, 2025, 06:09:41 AM
Is there a future with both Ethereum and Bitcoin?  Kind of like we have gold and silver?  Aren’t there things ethereum can do that Bitcoin can’t and vice versa?  Does it have to be so black and white?
Considering that Ethereum's TVL dwarfs Bitcoin's the answer is obvious. Ethereum dominates with 52.91%. Bitcoin only has 5.87%.

https://defillama.com/chains

And this is with negative ETH sentiment at an ATH.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 23, 2025, 11:15:53 AM
Quote from: French on January 23, 2025, 07:16:50 AM
No Ethereum is not Silver, just an alt in decline and impossible to reform.
the only cryptocurrency considered to be silver is and will be Kaspa.
Solana is in another dimension comparable to an integrated digital web 3 solution company. The equivalent of Microsoft Apple Nvidia Amazon.
Solana is a train wreck waiting to happen. The chain is over 300 TB in size. However, obtaining an exact figure is challenging due to the blockchain's continuous growth and the lack of real-time public data on its precise size.

Solana's unique Proof of History (PoH) consensus mechanism timestamps every transaction before it is processed. This requires frequent data writes and contributes to the rapid accumulation of ledger data.

I won't be surprised if we see future crashes with the bloated chain.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 23, 2025, 11:19:36 AM
Quote from: gib on January 23, 2025, 09:56:20 AM
Agree - you cannot compare BTC and Eth like Gold to Silver. It's like comparing a car to a banana because they both happen to be yellow, and asking if a banana could be "almost as good as a car" - they are not even in the same category.

BTC is a global ledger for wealth. ETH is not the "second best" or an alternative to this. Its something entirely different all together, and indeed something which has failed in its initial aims, which can be infinitely duplicated (basically a chain for smart contracts) and has little real world use case adoption that had initially been envisaged. Yes, you can use it to exchange crypto kitties and other things like that...

It is correct that Eth will continue to decline in value compared to BTC though. That should be obvious. Many leading developers have long given up and moved on. Latest example below.

https://www.dlnews.com/articles/defi/core-dev-nick-conner-quits-amid-ethereum-civil-war/

I would urge everyone here to look at "crypto" in a similar way. There is BTC, and then there is everything else (its just that some of those other things are represented by blockchains - but the vast vast majority of this investments represented by blockchains are entirely worthless and will gravitate to zero over time. (With BTC, this is of course entirely the opposite).

I do think Eth will still exist in some form in a decade, but much more as a legacy chain, which has long since dies and been overtaken, perhaps acquiring some kind of Vitalik meme status or sentimental value, but certainly not anything taken seriously.
This is all BS that you posted. Ethereum is way more significant than Bitcoin. You can't do shit with Bitcoin. Which is why Trump bought "Wrapped BTC".

BTC is slow, uses a lot of power, and can only do simple transactions. The miners with their ASIC appliances are getting less and less yield and it is questionable if transaction fees will make them solvent in 16-24 years.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 23, 2025, 11:23:19 AM
https://www.forbes.com/sites/beccabratcher/2025/01/23/why-the-bitcoin-president-is-really-more-of-an-ethereum-president/

Why The ‘Bitcoin President’ Is Really More Of An ‘Ethereum President’

In a surprising twist that has created controversy in the Bitcoin community, recent moves by President Trump’s newly launched World Liberty Financial have cast fresh light on the differences between Bitcoin and Ethereum.

At the heart of the controversy is a transaction involving wrapped bitcoin and bitcoin, terms that are anything but synonymous.

Trump’s Crypto Acquisitions Exclude Bitcoin
On Jan. 20, Donald Trump Jr. posted a series of strategic token purchases that commemorated the inauguration of his father as the 47th president of the United States. The purchases included:

$47,000,000 in ETH
$47,000,000 in WBTC
$4,700,000 in Aave
$4,700,000 in LINK
$4,700,000 in TRX
$4,700,000 in ENA

At first glance, this might appear to affirm bitcoin’s centrality in Trump’s digital currency realm. However, a closer look reveals that aside from TRX, all tokens are Ethereum-based assets.

Wrapped Bitcoin, for example, is not stored on the bitcoin blockchain but instead exists as an ERC20 token on Ethereum. It is backed 1:1 by bitcoin through a complex minting process that involves trusted custodians and merchant intermediaries.

Wrapped Bitcoin Is Not Bitcoin
The mechanism behind WBTC underscores its multifaceted utility. As outlined in its 2019 whitepaper, WBTC is a fundamentally different version of bitcoin, designed to leverage Ethereum’s expansive decentralized finance ecosystem.

Users who acquire wrapped bitcoin gain exposure to bitcoin’s value while enjoying the benefits of Ethereum’s smart contract capabilities and turing complete functionality. These include lending, borrowing, and yield generation, to name a few.

However the token’s holder does not own bitcoin in the elemental sense. Instead, they possess a derivative that exists only on another chain. This arrangement enhances token interoperability and serves as a clever, if controversial, marketing tool for political figures like Trump.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 23, 2025, 11:26:22 AM
I am guessing Trump is not a fan of someone like Saylor controlling 2% of the BTC supply.

Saylor is making a mistake. The more BTC he acquires the more he'll be undermining BTC. Nobody is interested in Saylor-coin. It's in the best interest of all Bitcoiners that he stops with what he has.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 23, 2025, 12:45:18 PM
Donald Trump Signs Executive Order To Create Digital Asset Stockpile

The executive order also created a crypto working group that will be responsible for developing this stockpile.

https://coingape.com/donald-trump-signs-executive-order-to-create-national-digital-asset-stockpile/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: deadz on January 23, 2025, 12:50:32 PM
This thread always delivers the laughs.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 23, 2025, 03:32:25 PM
https://cointelegraph.com/news/deutsche-bank-layer-2-blockchain-ethereum-zksync

Deutsche Bank builds L2 blockchain on Ethereum: Bloomberg
Deutsche Bank is building a layer-2 blockchain on Ethereum using ZKsync to enhance compliance in regulated finance.

Deutsche Bank, Germany’s largest lender, is reportedly developing its own layer-2 (L2) blockchain on Ethereum using ZKsync technology to address compliance challenges associated with using public blockchains in regulated finance.

The L2 solution, part of Project Dama 2, looks to improve transaction efficiency and secure regulatory safeguards, integrating directly with Ethereum, according to Bloomberg.

Project Dama 2 is part of the Monetary Authority of Singapore’s Project Guardian, which brings together 24 financial institutions to explore blockchain-based asset tokenization.

Implications for the financial sector
Deutsche Bank’s solution curates trusted validators and grants regulators special oversight to minimize risks such as interacting with sanctioned entities. The platform is designed to align blockchain transparency with financial compliance requirements.

Why an L2 blockchain?
L2 blockchains operate on top of primary layer-1 networks like Ethereum, enabling faster and cheaper transactions.

The technology offers regulatory tools such as “super admin rights,” enabling financial regulators to monitor and audit transactions when required.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 23, 2025, 03:37:52 PM
https://decrypt.co/302364/ethereum-taps-wall-street-veteran-lead-revival-institutional-push

Ethereum Taps Wall Street Veteran Vivek Raman to Drive Institutional Push
Etherealize, backed by Vitalik Buterin and the Ethereum Foundation, aims to make Ethereum the top blockchain for Wall Street.

A new Ethereum-focused startup backed by founder Vitalik Buterin aims to win over Wall Street as the network attempts to keep up with broader developments in the crypto industry.

Etherealize, founded by former Nomura and UBS bond trader Vivek Raman, announced its launch Wednesday evening in New York.

"All roads flow through ETH. We'll show the world why," the company wrote in a statement posted on X.

The startup describes itself as an "institutional marketing and product arm" for the Ethereum ecosystem.

"In terms of Wall St assets, we're focused on bringing entire asset classes onchain, starting with the credit markets," Raman told Decrypt.

While Bitcoin benefits from mainstream adoption and potential government reserves, Ethereum's new Wall Street liaison faces the challenge of articulating the network's value proposition to institutional investors who have so far favored its older rival.

 “We think the future of all assets is tokenization, and Ethereum is the most secure blockchain for high-value tokenized assets,” Raman noted after Decrypt asked about the firm's long-term prospects for the ecosystem.

Buterin and the Ethereum Foundation have been identified as key investors, according to a Bloomberg report on Wednesday. While the foundation confirmed its investment in Etherealize, neither party disclosed the funding amount.

The need for "safety, security, reliability, and a track record" among financial institutions can be satiated by Ethereum, Raman said in his interview with Bloomberg. Ethereum is the "only blockchain that stood the test of time," Raman claimed.

Growing pains

Over the past week, community concerns around the Ethereum Foundation's (EF) leadership and overall effectiveness have raised issues, comparing Ethereum to other projects and ecosystems in the industry.

Community members accuse the foundation of maintaining a bloated budget while failing to utilize its $900 million in Ether holdings or adequately support network developers.

In response, Buterin acknowledged ongoing leadership changes but later pushed back against toxic criticism, particularly toward EF Executive Director Aya Miyaguchi.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 23, 2025, 07:43:46 PM
https://cointelegraph.com/news/ethereum-etf-issuers-staking-etfs-soon-live-joe-lubin

Ethereum ETF issuers expect staking to be greenlit soon: Joe Lubin
Ethereum co-founder Joe Lubin says issuers are confident that staked Ether ETFs will be approved under new SEC leadership.

Ether exchange-traded funds issuers are hopeful that funds offering staking could “soon” be given the regulatory go-ahead, says Consensys founder Joe Lubin.

“We’ve been in discussions with the ETF providers, and they’re already working hard on that, so they expect that to be greenlit reasonably soon,” Lubin told Cointelegraph in reference to staked Ether ETH ETFs.

The Ethereum co-founder added fund issuers are “working hard on creating the best solutions” for customers to deal with “any complexities around staking and slashing.”

“I think it’s going to be great for the technology and the ecosystem because they are leaning in to enable us to — as an ecosystem — do a better, more robust, more diversified job,” he said. “I think it’s going to lead to greater client diversity as well.”

The US Securities and Exchange Commission approved spot Ether ETFs last year, and nine products were launched in July. The funds had a slow start compared to their Bitcoin counterparts and currently have a cumulative inflow of around $2.7 billion.

The SEC has yet to approve a staked Ether ETF, but this may be about to change under new leadership, according to industry experts.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 23, 2025, 07:47:12 PM
This might be huge for Bitcoin, Ethereum, Solana, XRP, etc.

https://beincrypto.com/sec-sab-122-banks-to-custody-bitcoin/

Breaking SEC Revokes SAB 121 Policy Allowing Banks to Custody Crypto

- The SEC’s new SAB 122 removes the requirement for banks to treat customer crypto-assets as liabilities, making compliance simpler.
- This change allows banks to safely custody Bitcoin and other crypto-assets without heavy financial burdens.
- The policy shift signals a pro-crypto stance in the US, with regulators easing restrictions and encouraging growth after years of hesitation.

The SEC announced Staff Accounting Bulletin (SAB) No. 122, canceling the previous guidance under SAB 121, which discouraged banks from holding Bitcoin in custody.

This means banks and traditional financial institutions can now offer crypto services without significant regulatory hurdles.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 23, 2025, 07:49:09 PM
https://www.fxstreet.com/cryptocurrencies/news/sec-commissioner-hester-pierce-sheds-light-on-ethereum-etf-staking-under-new-administration-202412210155
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 23, 2025, 10:02:22 PM
One of the points on the Digital Financial Technology executive order includes promotion of US dollar stablecoins worldwide:

Promoting and protecting the sovereignty of the United States dollar, including through actions to promote the development and growth of lawful and legitimate dollar-backed stablecoins worldwide

https://www.whitehouse.gov/presidential-actions/2025/01/strengthening-american-leadership-in-digital-financial-technology/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 24, 2025, 01:33:51 AM
Quote from: Griffith on January 23, 2025, 10:02:22 PM
One of the points on the Digital Financial Technology executive order includes promotion of US dollar stablecoins worldwide:

Promoting and protecting the sovereignty of the United States dollar, including through actions to promote the development and growth of lawful and legitimate dollar-backed stablecoins worldwide

https://www.whitehouse.gov/presidential-actions/2025/01/strengthening-american-leadership-in-digital-financial-technology/

Long term this is excellent for BTC. USD flows into stablecoins. Rails from stablecoins to BTC are open, meaning weak money globally initially flows to USD, and then thereafter to even strong money, being BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 24, 2025, 01:41:44 AM
Quote from: obsidian on January 23, 2025, 07:47:12 PM
This might be huge for Bitcoin, Ethereum, Solana, XRP, etc.

https://beincrypto.com/sec-sab-122-banks-to-custody-bitcoin/

Breaking SEC Revokes SAB 121 Policy Allowing Banks to Custody Crypto

- The SEC’s new SAB 122 removes the requirement for banks to treat customer crypto-assets as liabilities, making compliance simpler.
- This change allows banks to safely custody Bitcoin and other crypto-assets without heavy financial burdens.
- The policy shift signals a pro-crypto stance in the US, with regulators easing restrictions and encouraging growth after years of hesitation.

The SEC announced Staff Accounting Bulletin (SAB) No. 122, canceling the previous guidance under SAB 121, which discouraged banks from holding Bitcoin in custody.

This means banks and traditional financial institutions can now offer crypto services without significant regulatory hurdles.

Agree - yes very positve.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 24, 2025, 01:45:06 AM
Quote from: obsidian on January 23, 2025, 11:23:19 AM
https://www.forbes.com/sites/beccabratcher/2025/01/23/why-the-bitcoin-president-is-really-more-of-an-ethereum-president/

Why The ‘Bitcoin President’ Is Really More Of An ‘Ethereum President’

In a surprising twist that has created controversy in the Bitcoin community, recent moves by President Trump’s newly launched World Liberty Financial have cast fresh light on the differences between Bitcoin and Ethereum.

At the heart of the controversy is a transaction involving wrapped bitcoin and bitcoin, terms that are anything but synonymous.

Trump’s Crypto Acquisitions Exclude Bitcoin
On Jan. 20, Donald Trump Jr. posted a series of strategic token purchases that commemorated the inauguration of his father as the 47th president of the United States. The purchases included:

$47,000,000 in ETH
$47,000,000 in WBTC
$4,700,000 in Aave
$4,700,000 in LINK
$4,700,000 in TRX
$4,700,000 in ENA

At first glance, this might appear to affirm bitcoin’s centrality in Trump’s digital currency realm. However, a closer look reveals that aside from TRX, all tokens are Ethereum-based assets.

Wrapped Bitcoin, for example, is not stored on the bitcoin blockchain but instead exists as an ERC20 token on Ethereum. It is backed 1:1 by bitcoin through a complex minting process that involves trusted custodians and merchant intermediaries.

Wrapped Bitcoin Is Not Bitcoin
The mechanism behind WBTC underscores its multifaceted utility. As outlined in its 2019 whitepaper, WBTC is a fundamentally different version of bitcoin, designed to leverage Ethereum’s expansive decentralized finance ecosystem.

Users who acquire wrapped bitcoin gain exposure to bitcoin’s value while enjoying the benefits of Ethereum’s smart contract capabilities and turing complete functionality. These include lending, borrowing, and yield generation, to name a few.

However the token’s holder does not own bitcoin in the elemental sense. Instead, they possess a derivative that exists only on another chain. This arrangement enhances token interoperability and serves as a clever, if controversial, marketing tool for political figures like Trump.

No issues with that. Any blockchain (or even trad-fi) can do all they want with assets which are derivatives' of BTC, or provide entitlements to BTC. Provided that BTC is at the core and foundation of any such stack, its all good. Just remember - not your keys not your coin. Its a lesson which time and time again needs to be, and will be, learned...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 24, 2025, 02:41:10 AM
(https://pbs.twimg.com/media/GiA39VWbYAAhwnX?format=jpg&name=medium)

(https://cdn-useast1.kapwing.com/static/templates/pretending-to-be-happy-hiding-crying-behind-a-mask-meme-template-regular-b26ba798.webp)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 25, 2025, 06:53:45 AM
Quote from: obsidian on January 23, 2025, 11:07:06 AM
That guy is an idiot. He says: "Ethereum knows very well that it is a security". Ethereum doesn't know anything it is a blockchain. The guy's YouTube channel is called "Bitcoin University". LMAO. What do you expect?! Of course he will badmouth Ethereum.

That video is over 4 months old and Ethereum has not been classified as a security. Gensler himself even said a few weeks ago that the SEC never claimed Ethereum was a security.

Your post is a FAIL!

Dude, ETH wsa pre-mined, with stock given to the founders and associates. And then even worse it moved to proof of stake. The whole reason we got into BTC was to escape this shit. We have been over that already in prior posts...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 25, 2025, 06:59:45 AM
Quote from: obsidian on January 23, 2025, 11:26:22 AM
I am guessing Trump is not a fan of someone like Saylor controlling 2% of the BTC supply.

Saylor is making a mistake. The more BTC he acquires the more he'll be undermining BTC. Nobody is interested in Saylor-coin. It's in the best interest of all Bitcoiners that he stops with what he has.

MSTR is owned and controlled collectively by hundreds of thousands of shareholders. And Saylor I think probably owns less then 10% of MSTR. So its hardly correct to say he controls the amount of BTC MSTR has purchased. Further, a lot of the BTC is securitized, meaning until any debt secured by that BTC is repaid, that BTC is also not really owned by MSTR.

Trump will be wanting to increase his BTC share for sure. That's what all the money he is raising from shitcoinery goes into. They has a family trust which holds and accumulates most of their BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 25, 2025, 07:05:33 AM
Quote from: gib on January 20, 2025, 03:07:29 AM
We will see. Wealth is finite. Memes are infinite. And gread and idiocy are also seemingly infinite. Long term, the truth always prevails.

And so, now a week later, we can see how right I was (once again), as we look at the performance of the Trump and Melania coins since this post...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 25, 2025, 07:22:27 AM
Trump's World Liberty Financial currently holds $260 million in Ethereum of which $64 million is staked ETH.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 25, 2025, 08:31:31 AM
As I said...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 25, 2025, 01:24:48 PM
Quote from: gib on January 25, 2025, 08:31:31 AM
As I said...



Nothing new there.

Solana Exit liquidity for Ethereum purchases.

They’ll launch the same tokens on ETH and milk the liquidity aswell.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 26, 2025, 12:30:14 AM
The World Liberty Financial portfolio is now over $400 million.

With over $260 million ETH, $67 million wBTC and $32 million USDC.

Of the $400 million portfolio, $360 million is on the Ethereum network.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 26, 2025, 02:43:16 AM
Quote from: Griffith on January 26, 2025, 12:30:14 AM
The World Liberty Financial portfolio is now over $400 million.

With over $260 million ETH, $67 million wBTC and $32 million USDC.

Of the $400 million portfolio, $360 million is on the Ethereum network.

As so far performed pretty bad.

Portfolio valuation is 381.5m as of now.

They are down 13% since inception. (Quite amazing, considering the access to info and influence they have).

Losses suffered by investors so far are 42m (and that will of course increase as ETH, their largest holding, declines over time).

Total losses on their ETH to date is 8m.

Only holdings in their portfolio that are up are BTC and Tron.

I compare that to my own crypto portfolio - I'm up over 24x since inception, following a very simply strategy of buy and hodl BTC. 95% of my crypto portfolio is BTC. Once BTC hits 1m, (which it will), I will be 240x up. Not hard to do - have posted it all here for anyone to follow. In the long run, (unless are you the issuer), shitcoinery gets you nowhere...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 26, 2025, 03:29:53 AM
Quote from: gib on January 26, 2025, 02:43:16 AM
As so far performed pretty bad.

Portfolio valuation is 381.5m as of now.

They are down 13% since inception. (Quite amazing, considering the access to info and influence they have).

Losses suffered by investors so far are 42m (and that will of course increase as ETH, their largest holding, declines over time).

Total losses on their ETH to date is 8m.

Only holdings in their portfolio that are up are BTC and Tron.

I compare that to my own crypto portfolio - I'm up over 24x since inception, following a very simply strategy of buy and hodl BTC. 95% of my crypto portfolio is BTC. Once BTC hits 1m, (which it will), I will be 240x up. Not hard to do - have posted it all here for anyone to follow. In the long run, (unless are you the issuer), shitcoinery gets you nowhere...

They had $5.5 million in ETH on 19 January and currently have $260 million in ETH.

World Liberty Financial have been buying ETH non-stop, the WBTC they bought and the USDC they hold are also on the Ethereum network.

Their portfolio is now at almost $410 million.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 26, 2025, 03:39:28 AM
Headline on Forbes:

(https://pbs.twimg.com/media/GiEiRI9XcAAe_-x?format=jpg&name=medium)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: King Shizzo on January 26, 2025, 04:25:45 AM
After all of these years, I still don't know what a bitcoin is.

It's literally made up money. Just like the stock market with "shares".  It was built for the ultra wealthy, and people in the know (insider trading) to manipulate wealth and power.

Who was the first guy who said "I'm going to make my own currency!" Whats the scary part, is that he wasn't laughed out of the room.


It's just another way to manipulate society. Just look at all of the fake coins that others are trying to come out with.

Wouldn't you laugh if someone wanted to pay you in Monopoly money? Why is Monopoly money not worth what bit coin is?

They are both made up currency.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 26, 2025, 05:07:55 AM
Quote from: gib on January 26, 2025, 02:43:16 AM
As so far performed pretty bad.

Portfolio valuation is 381.5m as of now.

They are down 13% since inception. (Quite amazing, considering the access to info and influence they have).

Losses suffered by investors so far are 42m (and that will of course increase as ETH, their largest holding, declines over time).

Total losses on their ETH to date is 8m.

Only holdings in their portfolio that are up are BTC and Tron.

I compare that to my own crypto portfolio - I'm up over 24x since inception, following a very simply strategy of buy and hodl BTC. 95% of my crypto portfolio is BTC. Once BTC hits 1m, (which it will), I will be 240x up. Not hard to do - have posted it all here for anyone to follow. In the long run, (unless are you the issuer), shitcoinery gets you nowhere...
I took a screenshot about 1 hour ago and their ETH is up and WBTC is down. Of course, that can all change tomorrow or a few hours from now. It is pointless to look at short time frames. Yes, ETH has been down against BTC the past 2-3 years. We've had extreme ETH FUD and sentiment is now probably as low as it has ever been. The contrarian position is that this is very bullish. ETH is extremely undervalued relative to BTC. But the fundamentals are good. Swiss and German banks are developing on Ethereum. Sony released a L2. BlackRock's Spot ETH ETF is approaching $4 billion.

The President of the US is buying and staking ETH.

Ethereum's inflation is lower than BTC and a hell of a lot lower than Solana.

Ethereum never goes offline, Solana does.

Your negativity about Ethereum and forecast of continued decline is irrational when you consider what's going on.

https://dropstab.com/p/world-liberty-financial-holdings-m574rtlqs8
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 26, 2025, 07:11:26 AM
Quote from: Griffith on January 26, 2025, 03:29:53 AM
They had $5.5 million in ETH on 19 January and currently have $260 million in ETH.

World Liberty Financial have been buying ETH non-stop, the WBTC they bought and the USDC they hold are also on the Ethereum network.

Their portfolio is now at almost $410 million.

There portfolio is public. You can see it in real time.

Current value is not 410mil. Its 382m.

ETH sellers have been dumping to them, and despite their buying they are down 7.64m on their ETH buys. They are up .33% on their BTC buys, which so far has been their best performing investment. So far, overall they are down 12.82% since inception. Not a great track record at all to date.

The purchase of wrapped BTC on a smart blockchain, suggest they may want to leverage BTC, or do a type of "infinite money glitch" trading, likely using a USD stablecoin. Lets see...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 26, 2025, 07:13:45 AM
Quote from: obsidian on January 26, 2025, 05:07:55 AM
I took a screenshot about 1 hour ago and their ETH is up and WBTC is down. Of course, that can all change tomorrow or a few hours from now. It is pointless to look at short time frames. Yes, ETH has been down against BTC the past 2-3 years. We've had extreme ETH FUD and sentiment is now probably as low as it has ever been. The contrarian position is that this is very bullish. ETH is extremely undervalued relative to BTC. But the fundamentals are good. Swiss and German banks are developing on Ethereum. Sony released a L2. BlackRock's Spot ETH ETF is approaching $4 billion.

The President of the US is buying and staking ETH.

Ethereum's inflation is lower than BTC and a hell of a lot lower than Solana.

Ethereum never goes offline, Solana does.

Your negativity about Ethereum and forecast of continued decline is irrational when you consider what's going on.

https://dropstab.com/p/world-liberty-financial-holdings-m574rtlqs8

Try scrolling across to the right just a little bit and learn how to use the chart... As I have explained, they have so far, since inception, lost on ETH. Its been their biggest loser, and contributed to their overall loss of around 12.82% since inception.

President is not buying ETH. However, a company claiming to have an association with him is. And that is the same president who just issued a shitcoin. And his wife also...

You have been telling pro-ETH narratives for years now. I have explained numerous times why ETH will fall in value over time. You are correct that for some purposes it is a better blockchain than Solana. But either way, none of its attributes give it anywhere near the current market cap in value that it currently has.

Dude you are too smart for you own good sometimes. Please stop this nonsense and just start scaling back into BTC. I truly do not want to be having this "I told you so" conversation in a few years from now. Your commitment is admirable, but that type of enthusiasm is misplaced, and would be much better directed at BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 26, 2025, 07:21:26 AM
Quote from: gib on January 26, 2025, 07:11:26 AM
There portfolio is public. You can see it in real time.

Current value is not 410mil. Its 382m.

ETH sellers have been dumping to them, and despite their buying they are down 7.64m on their ETH buys. They are up .33% on their BTC buys, which so far has been their best performing investment. So far, overall they are down 12.82% since inception. Not a great track record at all to date.

The purchase of wrapped BTC on a smart blockchain, suggest they may want to leverage BTC, or do a type of "infinite money glitch" trading, likely using a USD stablecoin. Lets see...

According to Spotonchain their portfolio is currently $410 million.

https://platform.spotonchain.ai/en/entity/2361?min_amount=4&date_range=9

And their buying has mostly been in the past week, to say 'not a great track record' after a week is ridiculous and disingenuous.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 26, 2025, 07:26:57 AM
May be out of date. Maybe not updated on weekends? Suggest looking at the link Obsidian sent for a real time tracker...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 26, 2025, 07:27:39 AM
This one.

https://dropstab.com/p/world-liberty-financial-holdings-m574rtlqs8
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 26, 2025, 07:30:34 AM
Quote from: gib on January 26, 2025, 07:27:39 AM
This one.

https://dropstab.com/p/world-liberty-financial-holdings-m574rtlqs8

Spotonchain is constantly updating.

Says they received ETH 41 minutes ago and 2 and 3 hours before that etc.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 26, 2025, 07:36:37 AM
Hard to know which one is most up to date. But either way, both are showing a total portfolio loss and a loss for ETH, correct?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 26, 2025, 03:17:01 PM
Quote from: gib on January 26, 2025, 07:36:37 AM
Hard to know which one is most up to date. But either way, both are showing a total portfolio loss and a loss for ETH, correct?
You're looking at short time frames. Are you a short-term investor or long-term? By -long-term I mean decades. Because BTC will have security issues as miner rewards diminish. The numbers don't add up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 26, 2025, 03:28:25 PM
Quote from: gib on January 26, 2025, 07:13:45 AM
Try scrolling across to the right just a little bit and learn how to use the chart... As I have explained, they have so far, since inception, lost on ETH. Its been their biggest loser, and contributed to their overall loss of around 12.82% since inception.

President is not buying ETH. However, a company claiming to have an association with him is. And that is the same president who just issued a shitcoin. And his wife also...

You have been telling pro-ETH narratives for years now. I have explained numerous times why ETH will fall in value over time. You are correct that for some purposes it is a better blockchain than Solana. But either way, none of its attributes give it anywhere near the current market cap in value that it currently has.

Dude you are too smart for you own good sometimes. Please stop this nonsense and just start scaling back into BTC. I truly do not want to be having this "I told you so" conversation in a few years from now. Your commitment is admirable, but that type of enthusiasm is misplaced, and would be much better directed at BTC.
I looked at the 7 day chart which is when they started accumulating ETH. And I even said in my post that things will change tomorrow or a few hours from now. Stop looking at short time frames. A year ago you claimed it was a done deal that ETH would be declared a security. You were wrong. Things change. You've been right about BTC outpacing ETH the past 2-3 years. But you might be wrong in a few years.

My position is ETH is undervalued against BTC. I am also not a short term trader. I've held ETH longer than you've held BTC. I saw it go from $1,350 down to $80, and again from $4,900 down to $800. I have patience. Your argument has always been that any altcoin could outperform BTC in a short time frame. So why are you applying short time frames to Ethereum? You don't know where it is going or if it will indefinitely bleed against BTC.

Many people here will be entertained if we see a much hated ETH rally. Now I really want it to happen so I can see your tantrums - lol!

The infrastructure is being built on Ethereum. From banks to investment firms to manufacturers. The majority of stablecoins are on Ethereum. There are more developers working on Ethereum. It is easier to program than many other blockhains. Ethereum's tokenomics is decent.

Where Ethereum sucked was in the marketing department - so ETH needs to catch up in that area and they are working on it.

Saylor has done great marketing for the BTC MEME coin. BTC has no more utility than any MEME out there. It's had an easy ride for now and is overvalued compared with the rest of the crypto market. That dominance needs to come way down, it is unearned and unjustified.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 26, 2025, 09:58:46 PM
Obsidian - my goal is simply here to help you, and all others here, succeed. And unfortunately that sometimes, requires shooting down hopes with a dose of reality.

Griffith seemed excited that this World Liberty Group was buying ETH, "The President is buying ETH! etc" is the latest grasp of hopium for those who wish ETH's value would finally stop falling.

Since WLG has started buying ETH, it has continued to fall as existing holders dump their ETH to them, not rise. ETH is the worst performing investment in their portfolio. Facts.

Not sure if there is a perfect tracker, but we have:

https://platform.spotonchain.ai/en/entity/2361?min_amount=4&date_range=9
https://dropstab.com/p/world-liberty-financial-holdings-m574rtlqs8

Among others.

You would think that with their "big purchases" and their "big influence - its the President!" Eth would surely rise on such news and activity. Even just in the short term. That hasn't happened. I am just keep it real.

Nothing about WLT buying ETH changes the qualities it has, or its use case, nor the fact that it has an infinite number of alternatives.

I have looked at the performance of WLT since its inception. That's as far back as we can go. Yes, (and again here is the hopium), maybe it will perform better going forwards - could well be. Could also perform worse.

Yes, correct long term performance matters more, as I hodl and believe very few can long term benefit from short term trades.

As for you mentioning Eth's "marketing department" - all these alts with founders and foundations spending money on marketing  - that should tell you something. BTC simply exists and does what it does - that is the best marketing of all. Ultimately, the truth prevails. And BTC is pure truth. Do you really think foreign governments would hold stakes in tech assets supported by Presidents, who can be elected out ever 4 years? It makes no sense, despite their market budgets and efforts. In fact, in the long term, the investing public will see through such shitcoinery.

Does Eth have some use? In reality, not many use cases. Longer term, maybe, but even then, you need to be careful not to conflate usefulness with value. BTC's value comes from being the global ledger of wealth (and you know very well why its BTC and not any of the infinite number of "alts", fundamental being the proof of work required to generate a coin vs just printing one). Eth does not have this use case at all (despite initially being marketed as such). So, now, from a speculator's perspective, its lost, stuck in between a rock and a hard place, with Eth "investors" selling and buying the next hyped alt to ETH. Was Sol, then Sui, then x and then y and then z etc. Eth's market cap is slowly being diluted by fickle and disloyal investors, and we will see that continue and such investors all are trying to aim for outperformance against BTC so as to ultimately be able to acquire more BTC with their fiat. Facts.

Your comment that BTC's dominance "needs to come down" is both subjective, by also illogical. BTC has a 100% dominance for its use purpose. That will always be the case. There is no alt to BTC.

As for ETH's tokenomics, these can, and are, changed on a whim. Which was of course one reason why even the most initially deluded, have now accepted that Eth is incomparable to BTC as global money.
 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 26, 2025, 10:30:05 PM
World Liberty really is an embarrassing sham. They has so far lost their investors 18%. And that's just in the first few weeks.
Look at their website - looks really tacky. "Inspired by Donald J Trump - be defiant" is their slogan lol.

And then you pay a massive fee over time for all their advisors, lawyers, finance and accounting teams, their "co-founders" and "web-3 ambassadors" etc lol. All that needs to be paid from investors money, and the of course they take their annual commission.

Really just a bunch of money grabbing grifters, trying to run a crypto hedge fund for the first time, sucking money from naive investors.

Stay away.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 27, 2025, 01:45:52 AM
Quote from: gib on January 26, 2025, 09:58:46 PM
Obsidian - my goal is simply here to help you, and all others here, succeed. And unfortunately that sometimes, requires shooting down hopes with a dose of reality.

Griffith seemed excited that this World Liberty Group was buying ETH, "The President is buying ETH! etc" is the latest grasp of hopium for those who wish ETH's value would finally stop falling.

Since WLG has started buying ETH, it has continued to fall as existing holders dump their ETH to them, not rise. ETH is the worst performing investment in their portfolio. Facts.

Not sure if there is a perfect tracker, but we have:

https://platform.spotonchain.ai/en/entity/2361?min_amount=4&date_range=9
https://dropstab.com/p/world-liberty-financial-holdings-m574rtlqs8

Among others.

You would think that with their "big purchases" and their "big influence - its the President!" Eth would surely rise on such news and activity. Even just in the short term. That hasn't happened. I am just keep it real.

Nothing about WLT buying ETH changes the qualities it has, or its use case, nor the fact that it has an infinite number of alternatives.

I have looked at the performance of WLT since its inception. That's as far back as we can go. Yes, (and again here is the hopium), maybe it will perform better going forwards - could well be. Could also perform worse.

Yes, correct long term performance matters more, as I hodl and believe very few can long term benefit from short term trades.

As for you mentioning Eth's "marketing department" - all these alts with founders and foundations spending money on marketing  - that should tell you something. BTC simply exists and does what it does - that is the best marketing of all. Ultimately, the truth prevails. And BTC is pure truth. Do you really think foreign governments would hold stakes in tech assets supported by Presidents, who can be elected out ever 4 years? It makes no sense, despite their market budgets and efforts. In fact, in the long term, the investing public will see through such shitcoinery.

Does Eth have some use? In reality, not many use cases. Longer term, maybe, but even then, you need to be careful not to conflate usefulness with value. BTC's value comes from being the global ledger of wealth (and you know very well why its BTC and not any of the infinite number of "alts", fundamental being the proof of work required to generate a coin vs just printing one). Eth does not have this use case at all (despite initially being marketed as such). So, now, from a speculator's perspective, its lost, stuck in between a rock and a hard place, with Eth "investors" selling and buying the next hyped alt to ETH. Was Sol, then Sui, then x and then y and then z etc. Eth's market cap is slowly being diluted by fickle and disloyal investors, and we will see that continue and such investors all are trying to aim for outperformance against BTC so as to ultimately be able to acquire more BTC with their fiat. Facts.

Your comment that BTC's dominance "needs to come down" is both subjective, by also illogical. BTC has a 100% dominance for its use purpose. That will always be the case. There is no alt to BTC.

As for ETH's tokenomics, these can, and are, changed on a whim. Which was of course one reason why even the most initially deluded, have now accepted that Eth is incomparable to BTC as global money.
Ethereum has a lot more use cases than Bitcoin, which is a glorified MEME coin. Bitcoin has one use case and that is to trade and hold it like a baseball trading card. You mentioned the benefit of stablecoins. Stablecoins became possible because of Ethereum. The largest percentage of stablecoins are on Ethereum. You can't have stablecoins on Bitcoin because it is a MEME token with zero programmability.

I keep saying you're looking at small time frames when judging WLT's performance. Your precious overpriced BTC just dumped again the past few hours, like everything else.

Bitcoin is not special. My Ethereum mining rigs were a lot more complicated than these ASIC appliances called "miners". It's a joke. A few bombs or strategic fires would wipe out some of these large mining farms. They are nice centralized targets. At least Ethereum mining was decentralized and difficult to attack because people were mining it everywhere in their homes. Now it is being staked everywhere which maintains the decentralization.

ZEC has the same finite supply as BTC. And better privacy. Bitcoin's finite supply could easily be removed and they probably will once the miners fall off as miner yields diminish.

There are many Ethereum holders that are loyal and won't capitulate as you claimed. In fact, Ethereum has surpassed Bitcoin in terms of long-term holders. So that's a pipe dream you have there. People realize Ethereum's value.

I can reply to more of your comments regarding marketing, but I'll leave that for a later date.

https://thecurrencyanalytics.com/altcoins/ethereum-surpasses-bitcoin-as-long-term-holders-surge-to-74-7-155081

Ethereum Surpasses Bitcoin as Long-Term Holders Surge to 74.7%

Ethereum (ETH) has outpaced Bitcoin (BTC) in terms of long-term holder ratios, with a notable 74.7% of Ethereum addresses now belonging to long-term holders. This figure surpasses Bitcoin’s long-term holder ratio, which stands at just over 60%.

This trend, revealed by data from the on-chain analytics platform IntoTheBlock, highlights a growing preference among investors to retain their Ethereum assets for extended periods. The increase in long-term holders reflects mounting confidence in Ethereum’s future trajectory, as many investors believe in its long-term value.

A Growing Trend for Ethereum
The data compiled by IntoTheBlock suggests that the number of long-term Ethereum holders has steadily risen throughout 2024, climbing from 59% at the start of the year to 75% by the end of 2024. In contrast, Bitcoin’s long-term holder percentage has steadily declined over the same period, falling from 70% to 62%.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 27, 2025, 03:25:20 AM
Meme coins inherently require no proof of work to create. Hence they are infinite in supply. In some ways, the USD is actually the ultimate meme coin.

BTC's use case is the global decentralized most secure ledger for wealth. That was the purpose of its creation, And that's quite something.

Stable coins can run on an infinite number of blockchains. But they all ultimately provide the rails for inflows into BTC. Bad money always flows to better money.

Also, Eth just fell to a new low to BTC again by the way today, and is now at a 4.5 year decline trend to BTC. This trend will continue, over time, (for obvious reasons).

Obsidian - here is a little exercise I sometimes use on myself to help re-assess mindset. Spend a serious day, making all the arguments you could in favour of BTC, and against ETH. Write your thoughts down, go down rabbit holes and back out again, apply logic and objectivity, and most likely scenarios, and take the exercise in mental masturbation seriously. And then imagine you were invested in neither, and to allocate what wealth you do have at this point in time going forwards. I have done this over and over in my investment journey and applied it to property, venture capital, stocks, and other types of investment decisions. Humour me and do it. What harm can it do?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 27, 2025, 05:18:02 AM
Quote from: obsidian on January 27, 2025, 01:45:52 AM
Ethereum has a lot more use cases than Bitcoin, which is a glorified MEME coin. Bitcoin has one use case and that is to trade and hold it like a baseball trading card. You mentioned the benefit of stablecoins. Stablecoins became possible because of Ethereum. The largest percentage of stablecoins are on Ethereum. You can't have stablecoins on Bitcoin because it is a MEME token with zero programmability.

I keep saying you're looking at small time frames when judging WLT's performance. Your precious overpriced BTC just dumped again the past few hours, like everything else.

Bitcoin is not special. My Ethereum mining rigs were a lot more complicated than these ASIC appliances called "miners". It's a joke. A few bombs or strategic fires would wipe out some of these large mining farms. They are nice centralized targets. At least Ethereum mining was decentralized and difficult to attack because people were mining it everywhere in their homes. Now it is being staked everywhere which maintains the decentralization.

ZEC has the same finite supply as BTC. And better privacy. Bitcoin's finite supply could easily be removed and they probably will once the miners fall off as miner yields diminish.

There are many Ethereum holders that are loyal and won't capitulate as you claimed. In fact, Ethereum has surpassed Bitcoin in terms of long-term holders. So that's a pipe dream you have there. People realize Ethereum's value.

I can reply to more of your comments regarding marketing, but I'll leave that for a later date.

https://thecurrencyanalytics.com/altcoins/ethereum-surpasses-bitcoin-as-long-term-holders-surge-to-74-7-155081

Ethereum Surpasses Bitcoin as Long-Term Holders Surge to 74.7%

Ethereum (ETH) has outpaced Bitcoin (BTC) in terms of long-term holder ratios, with a notable 74.7% of Ethereum addresses now belonging to long-term holders. This figure surpasses Bitcoin’s long-term holder ratio, which stands at just over 60%.

This trend, revealed by data from the on-chain analytics platform IntoTheBlock, highlights a growing preference among investors to retain their Ethereum assets for extended periods. The increase in long-term holders reflects mounting confidence in Ethereum’s future trajectory, as many investors believe in its long-term value.

A Growing Trend for Ethereum
The data compiled by IntoTheBlock suggests that the number of long-term Ethereum holders has steadily risen throughout 2024, climbing from 59% at the start of the year to 75% by the end of 2024. In contrast, Bitcoin’s long-term holder percentage has steadily declined over the same period, falling from 70% to 62%.

 ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 27, 2025, 05:20:56 AM
Come on buddy - you are smarter than that!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 27, 2025, 05:26:26 AM
ETH long term holding rate is INCREASING AS ITS PRICE IS FALLING.

BTC long term holding rate is less than ETH, YET ITS PRICE IS RISING.

Think about that for a moment....You have an asset being dispersed, with a rising price.

Its amazing how ETH hopers grasp at any possible news (even negative) and get some hope out of it.

Gotta go - will be back when ration of ETH falls below 1 eth to .03 BTC...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 27, 2025, 08:42:06 AM
Hey on another note, this World Liberty is really quite disgusting if you think about it.

First we had the Trump coins, which I warned about exactly as they hit peak mania. (As we now know, as of now, I was right with my warning).

But on WLT, the premise here, to investors, is that these guys are connected to the President, and so somehow have some inside knowledge as to what the grand plan is, or will provide favours to the founders and holders of these tokens they buy. And won't be persecuted for conflicts of interest or insider trading, because Trump appointed the SEC head. Absolute conflict, and I am glad to see greedy and shortsighted investors burned.

PS - I received 2 PMs from people thanking me for persuading them not to buy the Trump coin. So, there are people who view this thread other than us and just lurk, which is cool with me - although I would say don't be shy to join the conversation!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 27, 2025, 02:29:16 PM
Quote from: gib on January 27, 2025, 03:25:20 AM
Meme coins inherently require no proof of work to create. Hence they are infinite in supply. In some ways, the USD is actually the ultimate meme coin.

BTC's use case is the global decentralized most secure ledger for wealth. That was the purpose of its creation, And that's quite something.

Stable coins can run on an infinite number of blockchains. But they all ultimately provide the rails for inflows into BTC. Bad money always flows to better money.

Also, Eth just fell to a new low to BTC again by the way today, and is now at a 4.5 year decline trend to BTC. This trend will continue, over time, (for obvious reasons).

Obsidian - here is a little exercise I sometimes use on myself to help re-assess mindset. Spend a serious day, making all the arguments you could in favour of BTC, and against ETH. Write your thoughts down, go down rabbit holes and back out again, apply logic and objectivity, and most likely scenarios, and take the exercise in mental masturbation seriously. And then imagine you were invested in neither, and to allocate what wealth you do have at this point in time going forwards. I have done this over and over in my investment journey and applied it to property, venture capital, stocks, and other types of investment decisions. Humour me and do it. What harm can it do?
Incorrect - do some research. Doge Coin is POW and is considered a Meme. Many other chains have POW, including ZEC, Litecoin, Monero, etc.

Bitcoin is a Meme token.

Like Bitcoin, Dogecoin operates on a Proof-of-Work consensus mechanism. Unlike Bitcoin, it uses the Scrypt hashing algorithm rather than SHA-256.

There is nothing special about Proof-of-Work (POW).

Ethereum solo stakers have to configure validators on a computer with decent hardware. That computer validator still has to perform "WORK" to validate transactions. But it does it much more efficiently with less power consumption. It is better than Proof-of-Work.

Microsoft shareholders recently rejected Bitcoin reserves and stated they are interested in assets that offer yield.

I expect the SEC to approve ETH Staking for ETFs.

https://cryptoslate.com/microsoft-may-be-open-to-ethereum-etfs-despite-voting-against-bitcoin-reserves/

Microsoft may be open to Ethereum ETFs despite voting against Bitcoin reserves
VanEck's Matthew Sigel believes the tech giant's treasury strategy could embrace staking-enabled Ethereum ETFs, aligning with income goals.

Microsoft’s evolving interest in crypto investments has sparked speculation about the tech giant’s potential adoption of spot Ethereum (ETH) ETFs once they enable staking features.

The discussion follows remarks made by Microsoft CFO Amy Hood during the company’s annual shareholder meeting. While shareholders overwhelmingly rejected a proposal to adopt Bitcoin (BTC) as a treasury asset, Hood’s comments highlighted the tech giant’s openness to exploring digital assets.

During the meeting, Hood noted that Microsoft began accepting crypto payments in 2014 and continues to assess its potential as an asset class. She outlined the company’s investment criteria, emphasizing liquidity, capital preservation, and income generation as top priorities.

Hood explained that Microsoft’s treasury team, in collaboration with the Board of Directors, evaluates all available asset classes. She emphasized that the company prioritizes preserving capital, maintaining liquidity to support operations, partnerships, and investments, and generating income as key objectives in its investment strategy.

VanEck’s head of digital assets research, Matthew Sigel, interpreted Hood’s comments as a signal that Microsoft might consider Ethereum-focused investment products, particularly those leveraging staking.

He noted that the company’s focus on yield aligns with the potential benefits of staking-enabled ETFs, which generate rewards by participating in Ethereum’s proof-of-stake network. Sigel added that yield-generating assets are more likely to align with Microsoft’s investment goals.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 27, 2025, 02:34:48 PM
Alts are suffering from exactly what I warned about 2yrs ago would happen this cycle. The velocity of alts occurs so fast, pumps have no liquidity and it’s all rug pulls and scam duplications.

Leverage isn’t even the problem, it’s spot. plebs are buying spot and losing -99% from rug pulls in 1 trade.

Coinbase has said there is 1M new tokens per week and they can’t do due diligence….. they didn’t do any of that anyway but more the point, they are going to scale back alt listings.

We want to see main exchanges reduce to a small pool of tokens per network. Drive the narrative of the last cycle coins have legitimacy.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 27, 2025, 02:39:37 PM
Quote from: gib on January 27, 2025, 05:26:26 AM
ETH long term holding rate is INCREASING AS ITS PRICE IS FALLING.

BTC long term holding rate is less than ETH, YET ITS PRICE IS RISING.

Think about that for a moment....You have an asset being dispersed, with a rising price.

Its amazing how ETH hopers grasp at any possible news (even negative) and get some hope out of it.

Gotta go - will be back when ration of ETH falls below 1 eth to .03 BTC...
Bitcoin got a huge boost from the Biden SEC because of Gensler failing to declare Ethereum a commodity. This created uncertainty for institutional investors. The SEC also suppressed the XRP price because of their lawsuit which was filed in late 2020. Ethereum is a much bigger threat to Tradfi than Bitcoin, for obvious reasons. Meanwhile Gensler on his way out the door claimed he never declared Ethereum a security.

Ethereum right now is a fucking bargain compared to the Bitcoin Meme token. But please, do not buy any Ethereum. Keep stacking your Meme!  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 27, 2025, 02:48:41 PM
Quote from: Mayday on January 27, 2025, 02:34:48 PM
Alts are suffering from exactly what I warned about 2yrs ago would happen this cycle. The velocity of alts occurs so fast, pumps have no liquidity and it’s all rug pulls and scam duplications.

Leverage isn’t even the problem, it’s spot. plebs are buying spot and losing -99% from rug pulls in 1 trade.

Coinbase has said there is 1M new tokens per week and they can’t do due diligence….. they didn’t do any of that anyway but more the point, they are going to scale back alt listings.

We want to see main exchanges reduce to a small pool of tokens per network. Drive the narrative of the last cycle coins have legitimacy.
Bitcoin's market dominance is unjustified because it is a Meme token with no utility. It has the first mover advantage and relentless marketing. Bitcoin is mentioned everywhere on TV and online. It is a short word with one syllable. These are the only advantages Bitcoin has.

If Ethereum was mentioned more in the news it would get on people's radar more. Your average grandma or grandpa have probably heard of Bitcoin but not Ethereum.

Ethereum marketing firm launch ‘perfect timing’ to make bull case to Wall St
The Ethereum Foundation-backed marketing firm Etherealize is looking to address the lack of institutional education on the blockchain.

An institution-focused Ethereum marketing firm has launched with “perfect timing” to pitch the bull case for the blockchain to Wall Street with US President Donald Trump now in office, says Anthony Sassano.

Etherealize, backed with funding from the Ethereum Foundation and Ethereum co-founder Vitalik Buterin, launched on Jan. 22 with the goal of educating institutions on the blockchain and its token Ether.

(https://s3.cointelegraph.com/uploads/2025-01/019496ab-c32d-7ea6-83c8-35e2a2f8061a)

https://cointelegraph.com/news/ethereum-marketing-firm-etheralize-perfect-timing-wall-st
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 27, 2025, 07:07:18 PM
But do you see the irony?

BTC was first and then others and ETH jumped in which diluted the market.

2020-21 ETH added 10,000 tokens to the market. BTC holders complained an out the dilution. SOL also started.

2024-25 SOL added 1M+ tokens to the market and soaked up the alt liquidity. ETH holders now complaining about the dilution…..

BTC appeals because it’s just BTC. It isn’t BTC+1M million pieces of Shit hanging off it all taking liquidity.

You probably still have 2mths of gib flinging shit at you about ETH.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 27, 2025, 08:29:40 PM
World Liberty Financial bought another $10.5 million ETH.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 27, 2025, 11:19:50 PM
Quote from: Griffith on January 27, 2025, 08:29:40 PM
World Liberty Financial bought another $10.5 million ETH.

World Liberty really is an embarrassing sham. They has so far lost their investors 158% with ETH being their biggest loss so far. And that's just in the first few weeks.

Look at their website - looks really tacky. "Inspired by Donald J Trump - be defiant" is their slogan lol.

And then you pay a massive fee over time for all their advisors, lawyers, finance and accounting teams, their "co-founders" and "web-3 ambassadors" etc lol. All that needs to be paid from investors money, and the of course they take their annual commission.

Really just a bunch of money grabbing grifters, trying to run a crypto hedge fund for the first time, sucking money from naive investors.

Stay away.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 27, 2025, 11:23:49 PM
Quote from: Mayday on January 27, 2025, 07:07:18 PM
But do you see the irony?

BTC was first and then others and ETH jumped in which diluted the market.

2020-21 ETH added 10,000 tokens to the market. BTC holders complained an out the dilution. SOL also started.

2024-25 SOL added 1M+ tokens to the market and soaked up the alt liquidity. ETH holders now complaining about the dilution…..

BTC appeals because it’s just BTC. It isn’t BTC+1M million pieces of Shit hanging off it all taking liquidity.


Yesl that is indeed the irony, and why ETH long term is doomed from a valuation and investor demand perspective. And by the way, that shitcoinery and drain on liqudity, and also the distinction and understanding of BTC vs alts, will, for obvious reasons, become enhanced over time, especially under Trump's presidency. We saw that pretty much with the Trump coin and we will see numerous other examples of it over the next few years.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 27, 2025, 11:29:08 PM
Quote from: obsidian on January 27, 2025, 02:48:41 PM
Bitcoin's market dominance is unjustified because it is a Meme token with no utility. It has the first mover advantage and relentless marketing. Bitcoin is mentioned everywhere on TV and online. It is a short word with one syllable. These are the only advantages Bitcoin has.

If Ethereum was mentioned more in the news it would get on people's radar more. Your average grandma or grandpa have probably heard of Bitcoin but not Ethereum.


No matter what name you use to describe BTC, it is what it is, and it keeps doing what it does. That will be the case whether you call it a meme, digital gold, of a banana. Look at the underlying technology and look and the adoption. And as yourself why its BTC and not another POW coin being adopted. (And you know very well why).

As for BTC's "brand awareness" and first mover, etc, yes that is precisely the point. An investment in BTC is a bet on future adoption. So, we need to look at what factors drive this. Same reason Coca Cola has dominated for over 10 years, despite an infinite number of essentially the same "alts".
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 27, 2025, 11:36:21 PM
Quote from: Mayday on January 27, 2025, 07:07:18 PM
But do you see the irony?

BTC was first and then others and ETH jumped in which diluted the market.

2020-21 ETH added 10,000 tokens to the market. BTC holders complained an out the dilution. SOL also started.

2024-25 SOL added 1M+ tokens to the market and soaked up the alt liquidity. ETH holders now complaining about the dilution…..

BTC appeals because it’s just BTC. It isn’t BTC+1M million pieces of Shit hanging off it all taking liquidity.

You probably still have 2mths of gib flinging shit at you about ETH.
Why not BTC+ETH+XRP+SOL+BNB+DOGE+ADA+AVAX+ZEC+XMR+1M million pieces of Shit hanging off? Why should BTC have ALL the liquidity, especially when Saylor's entity already owns 2% of the supply and there is no signs he will slow down. He is probably aiming for 1 million BTC. The more his company acquires the less appealing BTC becomes to me.

Here is a very interesting video where lead Ethereum developer Justin Drake and Scott Aaronson discuss the threat quantum computing poses. I play these videos at 2x to move through them. I will probably listen to this again on a coffee drive. Justin suggests that Bitcoin might eventually end up on Ethereum. They also discuss the risks with Satoshi's coins being mined and a lot of other interesting topics.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 27, 2025, 11:37:27 PM
Quote from: gib on January 27, 2025, 11:29:08 PM
No matter what name you use to describe BTC, it is what it is, and it keeps doing what it does. That will be the case whether you call it a meme, digital gold, of a banana. Look at the underlying technology and look and the adoption. And as yourself why its BTC and not another POW coin being adopted. (And you know very well why).

As for BTC's "brand awareness" and first mover, etc, yes that is precisely the point. An investment in BTC is a bet on future adoption. So, we need to look at what factors drive this. Same reason Coca Cola has dominated for over 10 years, despite an infinite number of essentially the same "alts".
Watch the video with Justin Drake above. Very interesting.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 27, 2025, 11:38:10 PM
Quote from: obsidian on January 27, 2025, 02:29:16 PM
Incorrect - do some research. Doge Coin is POW and is considered a Meme. Many other chains have POW, including ZEC, Litecoin, Monero, etc.

Bitcoin is a Meme token.



https://cryptoslate.com/microsoft-may-be-open-to-ethereum-etfs-despite-voting-against-bitcoin-reserves/

Microsoft may be open to Ethereum ETFs despite voting against Bitcoin reserves
VanEck's Matthew Sigel believes the tech giant's treasury strategy could embrace staking-enabled Ethereum ETFs, aligning with income goals.

Microsoft’s evolving interest in crypto investments has sparked speculation about the tech giant’s potential adoption of spot Ethereum (ETH) ETFs once they enable staking features.

The discussion follows remarks made by Microsoft CFO Amy Hood during the company’s annual shareholder meeting. While shareholders overwhelmingly rejected a proposal to adopt Bitcoin (BTC) as a treasury asset, Hood’s comments highlighted the tech giant’s openness to exploring digital assets.

During the meeting, Hood noted that Microsoft began accepting crypto payments in 2014 and continues to assess its potential as an asset class. She outlined the company’s investment criteria, emphasizing liquidity, capital preservation, and income generation as top priorities.

Hood explained that Microsoft’s treasury team, in collaboration with the Board of Directors, evaluates all available asset classes. She emphasized that the company prioritizes preserving capital, maintaining liquidity to support operations, partnerships, and investments, and generating income as key objectives in its investment strategy.

VanEck’s head of digital assets research, Matthew Sigel, interpreted Hood’s comments as a signal that Microsoft might consider Ethereum-focused investment products, particularly those leveraging staking.

He noted that the company’s focus on yield aligns with the potential benefits of staking-enabled ETFs, which generate rewards by participating in Ethereum’s proof-of-stake network. Sigel added that yield-generating assets are more likely to align with Microsoft’s investment goals.

Not incorrect - I didn't say there were not other POW coins also. Yes there are some, but clearly only BTC has succeeded as being adopted as global money. As you well know, ETH can be forked or copied an infinite number of times in theory. In reality that always has failed.

As for MSFT possibly buying ETH "because that want yield", this again is an example of really nonsense Eth die-hards grasping at straws. If you understand anything about treasury capital management, when they are talking about yield they are talking about bonds (not even equities), let alone ETH lol.

The Eth "yield" is largely a load of deceptive nonsense. Eth's value is diluted to the extent more "yield" is created through issuing more ETH rewards. Unfortunately, you can't create more value from the same size pizza cutting it up into smaller slices. If you want a BTC "yield" you can simply sell off small amounts (of an asset gaining in value faster then ETH, essentially diluting yourself in the same way to get "yield"), or you can of course adopt a Saylor strategy borrowing against a declining USD.

And with that, I am done for a bit. Not too much more I can contribute for now. Wishing all great success, and see you all BTC 150K!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 28, 2025, 12:56:26 AM
Quote from: obsidian on January 27, 2025, 11:36:21 PM
Why not BTC+ETH+XRP+SOL+BNB+DOGE+ADA+AVAX+ZEC+XMR+1M million pieces of Shit hanging off? Why should BTC have ALL the liquidity, especially when Saylor's entity already owns 2% of the supply and there is no signs he will slow down. He is probably aiming for 1 million BTC. The more his company acquires the less appealing BTC becomes to me.

Here is a very interesting video where lead Ethereum developer Justin Drake and Scott Aaronson discuss the threat quantum computing poses. I play these videos at 2x to move through them. I will probably listen to this again on a coffee drive. Justin suggests that Bitcoin might eventually end up on Ethereum. They also discuss the risks with Satoshi's coins being mined and a lot of other interesting topics.

Because it’s a finance tool.

I posted a bit about this before and why I abandoned my inflation model despite it being bang on so far. The US will use BTC to absorb liquidity and store it for later.

To hide inflation you need only 1 tool but it has to be big enough to allow the super rich finance sector to onboard into it.

BTC is not included in the CPI. So they pump BTC to allow it to capture more liquidity. Liquidity  that would have bid oil, wheat, corn and commodities which ARE included in CPI 😉 this is how they will fuck with the 3 wave model. The inflation wave occurs inside NTC leaving commodities and rates to drop lower as speculative dollars are captured and stored.

Once the cycle is over, liquidity is released.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 28, 2025, 02:37:39 AM
Quote from: gib on January 27, 2025, 11:38:10 PM
As you well know, ETH can be forked or copied an infinite number of times in theory. In reality that always has failed.

Bitcoin can also be forked and has forked - that's why there is Bitcoin Cash. Justin Drake goes into more potential Bitcoin future forks in the video I posted.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 28, 2025, 02:41:03 AM
Quote from: Mayday on January 28, 2025, 12:56:26 AM
Because it’s a finance tool.
Ethereum is the finance tool, not Bitcoin. That's why Swiss and German banks are developing products on Ethereum along with BlackRock, etc.

Trump's crypto reserve order did not mention Bitcoin specifically but cryptocurrencies in general. We'll see what comes out. But if you look between the lines and ignore Ethereum's current price action you can see what's being brewed behind the scenes.

Bitcoin is a token with almost no more utility than Doge in its current form.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 29, 2025, 12:29:50 AM
Please do watch this. These guys are super smart.

They explain how the start of Eth's downfall was marked by the merge and move to POS.

They explain how and why Sol was chosen for the Trump and Melania coin rugpull (basically Eth was too expensive, and also could not handle the throughput).

They talk about how even Vitalik and members of the Eth foundation are dumping their ETH.

They discuss various ETH developers and funders leaving in dissatisfaction and renouncing their belief in Eth.

They calculate a fair market value of ETH at around $100 based on a typical valuation applied to a tech company.

Whilst they prise SOL, they predict that what SOL is doing to ETH will itself be done to SOL by a new technology next cycle.

They explain that ETH was initially launched and promoted in a misleading way, in that it had both technical features for smart contracts and could at the same time also function as a store of value (thus being "better that BTC) - a narrative which entirely failed over time.

Mixed views on whether to feel sorry for ETH believers or not, given the ongoing slow and painful decline.

Explain (similar to the point MayDay made above), that Eth is valued on its technical features, whereas BTC is valued on its store of value function, hence the growing disparity in valuation between the two. I have also made this point to Obsidian numerous times - he is confusing his interest and enthusiasm for the technical features of ETH with value, which are two entirely different things. Indeed, for ETH to be useful and used, it inherently must be cheap - two metrics that are entirely incongruous with each other - that is slowly becoming obvious to all.

Do take a listen, do some serious reflection, and let us know your thoughts. I really have tried my best to help you all here on this.

PS - on a related note, ETH just now hit yet another low (4.5 year decline) to BTC. As you all know I predicted this perfectly back when Eth was 0.057 to on BTC. Its now 0.031, and I will expect it will fall below 0.03 over the next few months. I would urge all to get out now, cut losses and scale into BTC. Its absolute insanity to keep holding in a situation like this - do not gamble with your future, when the obvious route to long term success (and failure) is so obvious.


i=ZeuXiJgqmzZSFu6q
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 29, 2025, 02:19:07 AM
https://thedefiant.io/news/defi/scammers-get-scammed-as-dogwiftools-gets-exploited-for-usd10-million

Solana meme tool hacked - lol!

Scammers Get Scammed as DogWifTools Gets Exploited for $10 Million
The token bundling tool drained users' hot wallets, hardware wallets, and centralized exchange accounts.

The tables were turned on memecoin scammers today as DogWifTools, a token bundling tool commonly used for malicious memecoin launches, was exploited and drained millions from its users.

The exploit extended beyond just hot wallets, as the malicious actors infiltrated users' devices, stealing funds from hot wallets, cold wallets, and even centralized exchanges, leading to more than $10 million being stolen overall.

DogWifTools is used to bundle token launches and automate market-making.

Bundling is a process through which a single entity automates multiple wallets to snipe small amounts of a token the entity is launching. This process is used to mask supply control and is commonly used by scammer groups for memecoin launches.

Bundling allows groups or individuals to obtain large portions of a token’s supply across many wallets, making it more difficult for the average user to understand that there is a supply concentration. Many bundled launches are designed to trick users into thinking the token is safe, while the single entity dumps its supply on unsuspecting buyers. This scam method is also commonly referred to as farming.

It is being reported that the tool installation had been keylogging users’ hardware devices to gain access to their private keys, email credentials and passwords. Some users even reported that the hackers used personal ID pictures stored on their computers to create false centralized exchange accounts in the victim’s name to cash out user funds.

A member of the DogWifTools team addressed the situation in the Discord server and said, “A malicious third-party actor gained unauthorized access to our GitHub repository through a GitHub token. We believe they were able to get this token by reversing our compiled software.”

Despite the loss of funds, crypto Twitter was quick to kick the victims while they were down, considering the use case for DogWifTools.

Onchain sleuth ZachXBT was quick to chime in, “Hopefully the hackers leak an entire db with info of the users (scammers).”
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 29, 2025, 02:25:09 AM
Quote from: gib on January 29, 2025, 12:29:50 AM
Please do watch this. These guys are super smart.

They explain how the start of Eth's downfall was marked by the merge and move to POS.

They explain how and why Sol was chosen for the Trump and Melania coin rugpull (basically Eth was too expensive, and also could not handle the throughput).
Solana could not handle the throughput either - lol!

https://www.reddit.com/r/solana/comments/1i5d74a/is_solana_down_havent_been_able_to_complete_any/

Regardless, Trump used the profits from the meme to buy mostly Ethereum and wrapped BTC on Ethereum.

ETH's move to POS was a smart move in the long run. Bitcoin's proof-of-work model is a dead end as miner yields will become too little to justify securing the network. The fees won't make up the difference because Bitcoin is supposed to be held and not sold. More transactions would mean BTC is changing hands often which means it won't be worth much. Why would a valuable BTC change hands often? So where are all these mysterious transactions going to come from to make up the miner yield loss after successive halvings?

BTW, those guys in your video are delusional. They claim ETH is going to zero. That's not how it works. Get your BTC maxi blinders off and start thinking where BTC will be 10 years from now after miners capitulate. BTC is doomed in the long run IMO, unless the community is willing to change to POS and remove the finite supply cap.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 29, 2025, 02:36:34 AM
Quote from: obsidian on January 29, 2025, 02:25:09 AM
Why would a valuable BTC change hands often? So where are all these mysterious transactions going to come from to make up the miner yield loss after successive halvings?

Incentive to mine due to increase in price over time. Greed and self interest is the ultimate motivator. But lets see if any tweaks are made to the code in the decades to come. We move slowly, thoughtfully, and methodically.

So did you watch the entire clip?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 29, 2025, 02:41:48 AM
Quote from: gib on January 29, 2025, 02:36:34 AM
Incentive to mine due to increase in price over time. Greed and self interest is the ultimate motivator. But lets see if any tweaks are made to the code in the decades to come. We move slowly, thoughtfully, and methodically.

So did you watch the entire clip?
No I skipped to the Ethereum part and skimmed it. Those two are delusional and talk about stuff they don't understand. Ethereum is being built out massively as we speak. Go look at some of the recent developments. Solana folds under pressure and goes offline or have massive failed transactions. Ethereum does not. There is a lot of FUD directed at Ethereum. In a way it is very similar to the negative news coverage Trump received. And now Elon Musk. I am curious where BTC would have been if it had received so much hatred.

The Ethereum community is going into wartime mode. The more hatred and FUD that's directed at ETH the more hardcore the supporters will become. It's like the Trump effect. The elites tried to kill him off and it backfired.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 29, 2025, 02:47:52 AM
Quote from: gib on January 29, 2025, 02:36:34 AM
Incentive to mine due to increase in price over time. Greed and self interest is the ultimate motivator. But lets see if any tweaks are made to the code in the decades to come. We move slowly, thoughtfully, and methodically.

So did you watch the entire clip?
That's if the price increases constantly. Bitcoin mining is becoming extremely centralized which becomes single points of failure - IMO. Saylor controlling 2% of the supply and potentially more is not a good thing either. He becomes the face of Bitcoin, and should there be a face? Satoshi's reclusiveness was one of the appeals of Bitcoin. Saylor could become another single point of failure. To be fair, Ethereum has this problem as well with Vitalik. But he has less than 0.25% of the ETH supply.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 29, 2025, 03:19:21 AM
Quote from: obsidian on January 29, 2025, 02:41:48 AM
No I skipped to the Ethereum part and skimmed it. Those two are delusional and talk about stuff they don't understand. Ethereum is being built out massively as we speak. Go look at some of the recent developments. Solana folds under pressure and goes offline or have massive failed transactions. Ethereum does not. There is a lot of FUD directed at Ethereum. In a way it is very similar to the negative news coverage Trump received. And now Elon Musk. I am curious where BTC would have been if it had received so much hatred.

The Ethereum community is going into wartime mode. The more hatred and FUD that's directed at ETH the more hardcore the supporters will become. It's like the Trump effect. The elites tried to kill him off and it backfired.

OK - well main thing is you you watched it. If so, then I've done my job and credit for you to listening and making your own decision.

As for the "Eth community" now in "war mode" - what they are going through is a common cycle - First was denial (some are in that phase). Then comes anger, which is the phase some are in now for sure. Then comes bargaining - ie still grasping at straws and hopes that what is happening cannot be true. Then is depression. And then finally acceptance. We are still some way from an ultimate bottom. And throughout all this, there will be continued selling off. So, just think about it.

Why not sell some Eth, now buy BTC and then re-buy Eth back at a much cheaper price in a year if you like Eth so much? That way you can get even more of it.

I truly wish you the best - you are a smart guy. I think at a very fundamental level you need to consider that Eth is valued as a tech company, whereas BTC (like gold) are valued as stores of value.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 29, 2025, 03:47:32 AM
First Western European central bank to propose accumulating BTC in treasury...

https://www.reuters.com/technology/czech-central-bank-governor-present-plan-hold-reserves-bitcoin-ft-reports-2025-01-29/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 29, 2025, 12:35:19 PM
Wow - just minutes ago on onchain data we saw a very significant single sale of ETH and an almost simultaneous purchase of BTC for the same amount. We saw an immediate 1% drop in ETh and a 1% rise in BTC. I think it will be digested as a blip, but these kind of events can risk quant-trader selloffs. Makes you wonder if whoever did it is trying to deliberately manipulate the market into an ETh sell off, as otherwise why do it so suddenly. Lets watch this one...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 29, 2025, 04:02:02 PM
World Liberty Financial Buys the Dip on Ethereum (ETH), Extending a Week of Accumulation

The Trump family DeFi fund, World Liberty Financial, keeps buying Ethereum (ETH). After a week of accumulation, the fund’s holdings are at record levels.

World Liberty Financial (WLFI), the Trump family DeFi fund, keeps acquiring Ethereum (ETH) during market dips. ETH is now the biggest holding for the fund, mostly held liquid and partially used for staking. The latest purchase was for $10M to buy another 3,247 ETH during the latest price dip. The purchase arrives after the fund previously spent $20M to acquire 3,001 ETH and 95 WBTC over the weekend.

WLF now holds close to 63,000 ETH.

(https://pbs.twimg.com/media/Gid7C2hWEAAAj-B?format=png&name=900x900)

GIB - before you ridicule them because of their losses, realize Saylor bought dips numerous times and showed a profit loss as well with BTC in the past. It's called DCA. And Trump did not lose anything actually. The ETH he got was house money from the Solana meme tokens he released. He actually has a profit of close to $400 million house money.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 29, 2025, 04:16:27 PM
Quote from: gib on January 29, 2025, 03:19:21 AM
OK - well main thing is you you watched it. If so, then I've done my job and credit for you to listening and making your own decision.

As for the "Eth community" now in "war mode" - what they are going through is a common cycle - First was denial (some are in that phase). Then comes anger, which is the phase some are in now for sure. Then comes bargaining - ie still grasping at straws and hopes that what is happening cannot be true. Then is depression. And then finally acceptance. We are still some way from an ultimate bottom. And throughout all this, there will be continued selling off. So, just think about it.

Why not sell some Eth, now buy BTC and then re-buy Eth back at a much cheaper price in a year if you like Eth so much? That way you can get even more of it.

I truly wish you the best - you are a smart guy. I think at a very fundamental level you need to consider that Eth is valued as a tech company, whereas BTC (like gold) are valued as stores of value.
Sorry GIB but those two in your video are delusional - lmfao! ETH going to zero?! That's what they said. Super bullish ETH comment.

ETH could go down to 0.03 BTC or even lower in the short term. My opinion is at some point there will be a major reversal. BTC is extremely overvalued relative to ETH.

I explained before that I will get some BTC exposure when I feel the time is right. ETH hit an ATH of $4,890 in 2021. Had I sold 30 ETH then, I could have used the $146,700 to buy 9.16 BTC when it crashed to $16,000. That means I would have traded 30 ETH for 9.16 BTC. That's a ratio of 0.305. Ten times the current ETH / BTC ratio.

The dumb move would be to trade from ETH straight to BTC now. Especially when ETH has bled against BTC so long. I hope nobody else takes that unsolicited investment advice right now.

If you think we won't see a big BTC correction again you're wrong IMO.

You also seem to overlook the fact that there are millions of people with money looking to make gains that they missed with BTC. BTC has been pushed by the media and many crypto influencers. They are currently trying to suppress ETH with FUD (Vitalik & EF being questioned) to allow them a lower entry point on Ethereum. It is possible for ETH to go down to $2,700 or maybe even $2,000. Anything is possible. And it is also possible for ETH to go to $20-35K. Our solar system was once a dust cloud in space (nebula) and everything we have in this world came from that. That's Aladdin's magic bottle shit. Poof, the solar system materializes out of a nebula. What is more farfetched than that? Certainly not ETH at $1 million.  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 29, 2025, 04:21:44 PM
Quote from: gib on January 26, 2025, 07:11:26 AM
There portfolio is public. You can see it in real time.

Current value is not 410mil. Its 382m.

ETH sellers have been dumping to them, and despite their buying they are down 7.64m on their ETH buys. They are up .33% on their BTC buys, which so far has been their best performing investment. So far, overall they are down 12.82% since inception. Not a great track record at all to date.

The purchase of wrapped BTC on a smart blockchain, suggest they may want to leverage BTC, or do a type of "infinite money glitch" trading, likely using a USD stablecoin. Lets see...
Trump is not down on anything. The World Liberty Financial porfolio is all HOUSE MONEY. It was built up from Trump Solana meme token sales. Even if ETH crashed 50% Trump would still have netted $200 million - lmfao!

Trump made the smart move. He released a token on Solana and then sold the tokens to buy Ethereum. All at no cost to himself.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 29, 2025, 04:27:32 PM
THE BIG COMEBACK OF ETHEREUM: An Unbiased Evaluation

"Ethereum is dead. Solana stole the show." 

You’ve probably heard this take a hundred times.
 
The sentiment around ETH has never been worse. 

And yet - if we strip away emotions and narratives - Ethereum’s long-term outlook remains solid. 

Let’s break it down:

🔹Ethereum: Years of Accumulation

For almost 4 years, Ethereum has been stuck in a massive range. 

Some see this as a sign of weakness. 

But historically, long accumulation phases lead to explosive expansions. 

The bigger the range → the bigger the breakout. 

From a macro perspective, ETH remains in an uptrend & never broke its ascending trendline (year long support)

Even on the daily chart, we see a structure that statistically favors a bullish breakout.

(https://pbs.twimg.com/media/Gid63XkXcAAM5SU?format=png&name=900x900)

The only thing missing?

Fuel.

I think this liquidity could come in if ETH retests the < $3,000 range, collects more liquidity, and then drives towards a breakout past $4K.

This would align perfectly with the ETH/BTC chart, which has been in a brutal downtrend for a long time. 

And that’s been the biggest issue for Ethereum.

(https://pbs.twimg.com/media/Gid67NqXwAAe-SF?format=png&name=900x900)

Let’s be honest:

ETH has been a terrible performer relative to BTC. 

- When BTC pumps, ETH barely moves
- When BTC dumps, ETH dumps harder

This is a clear sign that ETH/BTC is still in a bearish structure on HTF. 

But now, it’s approaching a potential bottom. 

The most optimal reversal level sits around these highlighted levels.

These levels perfectly align with a possible ETH price of $2.7K (HTF Demand Zone / Range) if BTC corrects.

If ETH/BTC finds support there, we could be looking at the beginning of a structural shift. 

But is this realistic?

Or just cope?

🔹 Smart Money & Market Manipulation

We know how this game works. 

MMs move price where they want - especially to areas with high liquidity. 

And how do they do it?

Media narratives.

Recently, we’ve seen an aggressive push of ETH FUD in major publications. 

- The Ethereum Foundation being questioned 
- ETH’s underperformance against BTC being highlighted everywhere 

Is this really a coincidence? 

Or is it the same old SM playbook? 

Flood the market with FUD → Retail panic sells at the bottom → Institutions accumulate

This wouldn’t be the first time. 

Even more interesting:

World Liberty Financial (Trump-affiliated) has been accumulating massive amounts of ETH.

Does this guarantee a rally?

No. 

But why would they be buying now unless they saw something coming? 

🔹 Ethereum’s Fundamentals Are Still Rock-Solid

Despite all the noise, Ethereum remains the most important smart contract network. 

- The deepest liquidity in DeFi 
- The highest security & decentralization 
- It has the strongest developer ecosystem

While sentiment is at rock bottom, the actual fundamentals suggest ETH is still the backbone of the space. 

So where does this leave us?

(https://pbs.twimg.com/media/Gid7C2hWEAAAj-B?format=png&name=900x900)

🔹The Takeaway

- ETH’s range is an accumulation, not weakness 
- ETH/BTC is approaching a potential bottom 
- Sentiment is ultra-bearish, which historically marks reversals 
- Smart Money might be playing the same old game 
- Fundamentals remain stronger than ever

Can we be certain of a massive ETH rally? 

No.

Nothing is guaranteed. 

But from a macro perspective, the conditions are aligning. 

Tracking ETH closely could be a smart move in the next weeks.

Time will tell if we were right.

PW out.

https://x.com/fitforcrypto_/status/1884610829351305687?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1884610829351305687%7Ctwgr%5E130a666538de571a8903dc3574ed2e1d5559b9b7%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tradingview.com%2Fnews%2Fnewsbtc%3A899f8031d094b%3A0-ethereum-s-prolonged-consolidation-what-is-really-going-on-analyst-weighs-in%2F
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 29, 2025, 05:20:49 PM
Quote from: obsidian on January 28, 2025, 02:41:03 AM
Ethereum is the finance tool, not Bitcoin. That's why Swiss and German banks are developing products on Ethereum along with BlackRock, etc.

Trump's crypto reserve order did not mention Bitcoin specifically but cryptocurrencies in general. We'll see what comes out. But if you look between the lines and ignore Ethereum's current price action you can see what's being brewed behind the scenes.

Bitcoin is a token with almost no more utility than Doge in its current form.

I outlined a use case as a financial tool. A store of inflation, not a hedge against it.

Other coins cannot do this because they are not large enough to handle the amount of liquidity floating around. ETH cannot do the same thing due to its small size. DOGE definitely can’t.

Max pain is price going higher than forecasts on BTC and ETH forecasts being 300% wrong to the upside…… 👀  remember 2021? IMO Inverse that is likely what we are gunna get.

Just because the President bought ETH doesn’t mean it will moon this year. What it does mean is he sure as shit will abolish taxes on crypto given the 200M they took from Solana Degens. Top signal is probably when a trump launches his tokens on ETH 😂
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 30, 2025, 12:02:20 AM
Quote from: Mayday on January 29, 2025, 05:20:49 PM
I outlined a use case as a financial tool. A store of inflation, not a hedge against it.

Other coins cannot do this because they are not large enough to handle the amount of liquidity floating around. ETH cannot do the same thing due to its small size. DOGE definitely can’t.


Exactly right. And not just due to liquidity - Eth has entirely failed in tying to be a store of value and a smart contract tool. Good marketing (actually rather deceptive to the many investors who didn't understand this), but the market is starting to realize...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on January 30, 2025, 02:51:41 AM
Wow - well this is exactly what I was hoping I would not be having to do, but Eth to BTC ratio is now at a new 4.5 year low, and first time it fell below 0.03 BTC to 1 Eth. This is absolutely terrible performance, down nearly 50% just in the last year alone, especially for those who thought eth was going to do a filippening with BTC at some point, or that eth would perform 4x to BTC this cycle etc. (Now they are are just desperate for ETH to stop falling against BTC - notice how all talk of a flippening or 4x to BTC has entirely disappeared as even the "Etherium community" realizes this is far-fetched). Eth will soon fall to a 5 year low (for obvious reasons) which will be another psychological blow for anyone believing in the myth of a 4 year Eth or "alt cycle"

I really don't relish having to keep repeating myself. (I was tempted to plot on the graph attached each time over the last year where I advise to sell ETH followed by some grasping at straws argument as to why "it is just about to turn around", but that would take a but of time to prepare).

Right now the decline has been rather slow and steady, much like a boiling frog scenario. But, as ETH's market cap shrinks, the impact of selloffs can become more volatile to price, which is what we might well see as more get out and fewer get in.

So, whilst I think its most likely we will see a consistent and continued selloff, but maybe just gradually picking up pace, I do want to warn though, that we may see a large liquidity driven capitulation at some point, where the volume of sellers increases, and where you literally have almost an entire absence of willing buyers. If that were to occur, we could see a rapid fall to around the $2500 level. And if that happens, someone will now doubt argue, "that was the capitulation we needed - now we are at the bottom!" :). Only it would not be the bottom. The bottom is technically around $100, although it may be a long time before we ultimately get to that level with ups and downs along the way.

As for the Liberty Financial Group, they really have little to do with Trump. Not one of the many "advisors and founders" seem to have any history of running a fund, let along a crypto fund. In short, they are a bunch if grifters who really have no idea. No reason at all that them buying changes ETH's decline to inherent fair value (of around $100). And if that really is your basis for buying Eth (or Trump coin etc), I would say to anyone, take step back, zoom out, and see woods through the trees.

Lyn Alden speculates that Trump personally is stacking sats via his private trust funds - could well be.

OK, and with that I am really out of here for a bit. Wishing you all well!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on January 30, 2025, 05:11:11 AM
Total Value Locked (TVL): Solana's TVL has surpassed $11.3 billion. This growth reflects the platform's expanding decentralized finance (DeFi) ecosystem.
Solana has processed approximately $6.446 billion in transaction volume, highlighting the network's capacity to handle high throughput efficiently.
The total market capitalization of stablecoins on Solana has reached $11.349 billion, indicating substantial inflows and growing confidence in the network's stability and utility.

Game over for ETH. It's old, slow, hyper-centralized with a madman at the helm who's losing control.

The next big and definitive thing is KASPA that will take it all in next few months. Not even yet listed on CEX.
Load up your bag as much as possible.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 30, 2025, 03:58:52 PM
Quote from: gib on January 30, 2025, 02:51:41 AM
As for the Liberty Financial Group, they really have little to do with Trump. Not one of the many "advisors and founders" seem to have any history of running a fund, let along a crypto fund. In short, they are a bunch if grifters who really have no idea. No reason at all that them buying changes ETH's decline to inherent fair value (of around $100). And if that really is your basis for buying Eth (or Trump coin etc), I would say to anyone, take step back, zoom out, and see woods through the trees.
I can't take you serious when you make ridiculous claims that ETH will decline to $100 which is a fair value. Are you nuts?! That's completely naïve and delusional thinking. You were wrong about the SEC and Ethereum and you're wrong about that.

There are over 1 million validators and 33 million staked ETH.

Ethereum is arguably more decentralized than Bitcoin. It never goes down, offers yield at a lower inflation rate than the current BTC, is being adopted worldwide by institutions and banks, has a first-mover smart contract advantage like Bitcoin has with blockchains.

There are more developers working on building out Ethereum than any other chain by a large margin.

Just the ETH L2 Base has about as many developers as Bitcoin. There are ten times more developers in the Ethereum network than Bitcoin. And many of them started with Bitcoin, including Vitalik.

https://www.developerreport.com/

ETH is extremely undervalued against BTC. A fair value to me should at a minimum be 3:1 or even 1:1. Maybe ETH is more valuable than BTC when you consider all BTC's shortcomings and even disregard the bigger ETH supply!  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 30, 2025, 04:25:39 PM
Gold broke ATH, it still leads.

Will see BTC go to ATH inside of 4wks. My Gold target is 3.1k so let’s see how we go. BTC to 121k and overrun to 130k if it happens.

My 2020 strategy has gold topping this year Into multi year bear market, possibly secular bear market. If right it means Gold/BTC correlation breaks this year.


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 30, 2025, 04:41:04 PM
https://www.coindesk.com/markets/2025/01/30/sec-approves-bitwise-bitcoin-and-ethereum-etf

SEC Approves Bitwise Spot Bitcoin and Ethereum ETF
The fund gives investors exposure feature exposure to both spot bitcoin and ether, weighted by market capitalization.

The U.S. Securities and Exchange Commission approved another joint bitcoin and ether exchange-traded fund (ETF) Thursday, letting investors gain exposure to the two digital assets in one regulated financial product.

The SEC announced it had granted accelerated approval to Bitwise's Bitcoin and Ethereum ETF, just over a month after approving similar products filed by Hashdex and Franklin Templeton. Hashdex's Crypto Index ETF gives investors exposure to a basket of different cryptocurrencies, while Franklin Templeton said it would launch its product sometime in January.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 30, 2025, 04:48:00 PM
Quote from: Mayday on January 30, 2025, 04:25:39 PM
Gold broke ATH, it still leads.

Will see BTC go to ATH inside of 4wks. My Gold target is 3.1k so let’s see how we go. BTC to 121k and overrun to 130k if it happens.

My 2020 strategy has gold topping this year Into multi year bear market, possibly secular bear market. If right it means Gold/BTC correlation breaks this year.
I was notified that Amazon Music is raising the price from $16.99 to $19.99. Netflix also recently raised their prices. The purchasing power of the dollar keeps going down. The only reason people are not fleeing to crypto in droves is because they don't have any spare money to buy.

The problem is the FED needs to hold rates steady to bring inflation down. That means less dollar printing which means less liquidity for crypto. ETH is more sensitive to this than Bitcoin. In a high QE environment Ethereum will outperform Bitcoin.

The other problem for the FED is if they keep interest rates high to battle inflation and unemployment rises they are caught in a hard place where they have to bring down the rates while they don't want to because of their desire to lower inflation. Bottom line is the dollar is a shitcoin and there is no avoiding that!

(https://pbs.twimg.com/media/GIh3SWwWAAAkkaw.jpg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 30, 2025, 04:51:38 PM
There are now German, Swiss and Dutch banks developing on Ethereum.

https://crypto.news/netherlands-third-largest-bank-abn-amro-pilots-tokenized-trading-on-ethereum/

Netherlands’ third-largest bank ABN AMRO pilots tokenized trading on Ethereum

ABN AMRO, the third-largest bank in the Netherlands, has completed on-chain trading with stablecoins in a pilot with German exchange 21X.

Netherlands‘ third-largest bank ABN AMRO has completed a trading trial with 21X, a Frankfurt-based digital asset exchange, which tested on-chain settlement for tokenized securities using stablecoins.

In a Jan. 30 announcement, 21X said the test involved listing a tokenized asset on its on-chain market. ABN AMRO issued an ERC-3643 token on the Polygon Amoy Testnet, while 21X paired it with an ERC-20-based “E-Money Token,” without naming the asset.

“As part of our launch preparations we are now in the process of onboarding institutional participants,” said Max Heinzle, chief executive of 21X. He also praised blockchain’s role in cutting costs and increasing efficiency in the on-chain system.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 30, 2025, 10:24:51 PM
BlackRock's ETHA sees a $79.9 million inflow along with Fidelity and Grayscale's Mini Trust inflows to offset Grayscale's ETHE outlfows.

BlackRock ETHA now holds over $4 billion.

If ETH is dead these guys did not get the memo.

https://farside.co.uk/eth/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on January 30, 2025, 10:30:48 PM
SEC Approves Bitwise Spot Bitcoin and Ethereum ETF

The fund gives investors exposure to both spot bitcoin and ether, weighted by market capitalization.

The U.S. Securities and Exchange Commission approved another joint bitcoin and ether exchange-traded fund (ETF) Thursday, letting investors gain exposure to the two digital assets in one regulated financial product.

The SEC announced it had granted accelerated approval to Bitwise's Bitcoin and Ethereum ETF, just over a month after approving similar products filed by Hashdex and Franklin Templeton. Hashdex's Crypto Index ETF gives investors exposure to a basket of different cryptocurrencies, while Franklin Templeton said it would launch its product sometime in January.

Bitwise's product, launched with the New York Stock Exchange, gives investors exposure to both spot bitcoin (BTC) and ethereum (ETH), weighted by market capitalization.

https://www.coindesk.com/markets/2025/01/30/sec-approves-bitwise-bitcoin-and-ethereum-etf
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 31, 2025, 03:55:45 AM
Quote from: obsidian on January 30, 2025, 04:48:00 PM
I was notified that Amazon Music is raising the price from $16.99 to $19.99. Netflix also recently raised their prices. The purchasing power of the dollar keeps going down. The only reason people are not fleeing to crypto in droves is because they don't have any spare money to buy.

The problem is the FED needs to hold rates steady to bring inflation down. That means less dollar printing which means less liquidity for crypto. ETH is more sensitive to this than Bitcoin. In a high QE environment Ethereum will outperform Bitcoin.

The other problem for the FED is if they keep interest rates high to battle inflation and unemployment rises they are caught in a hard place where they have to bring down the rates while they don't want to because of their desire to lower inflation. Bottom line is the dollar is a shitcoin and there is no avoiding that!

(https://pbs.twimg.com/media/GIh3SWwWAAAkkaw.jpg)

The printing for the entire inflationary cycle was done back in 2020-21 which added over 40%. There is an epic shit ton of money out there and it takes ages to filter through.

S&P disagrees with the claim people have no money. DJI disagrees. Home prices disagree. Car sales disagree. GDP disagrees. Rates disagree. BTC disagrees. Wage rises disagree. Recession callers have gotten absolutely wrecked the last 2yrs.


Every currency in the history of money has operated in the same way. Play monopoly as intended and you’ll get 60 or so passes before one winner.  Now play it with no currency debasement and you’ll be lucky to get 10 passes. Ie in a fixed system the game ends super fast unless the one who has all the money, gives it away.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on January 31, 2025, 04:55:17 AM
Quote from: Mayday on January 31, 2025, 03:55:45 AM
The printing for the entire inflationary cycle was done back in 2020-21 which added over 40%. There is an epic shit ton of money out there and it takes ages to filter through.

S&P disagrees with the claim people have no money. DJI disagrees. Home prices disagree. Car sales disagree. GDP disagrees. Rates disagree. BTC disagrees. Wage rises disagree. Recession callers have gotten absolutely wrecked the last 2yrs.


Every currency in the history of money has operated in the same way. Play monopoly as intended and you’ll get 60 or so passes before one winner.  Now play it with no currency debasement and you’ll be lucky to get 10 passes. Ie in a fixed system the game ends super fast unless the one who has all the money, gives it away.
Are you sure? I'm talking about retail, not institutional. BTC's price was not driven up by retail as much as institutional.

Home prices are up but sellers will pay just as much for a new or replacement house. The higher values benefit people that have multiple homes and want to unload some from their portfolio. But single home owners don't benefit at all. The transaction value is just higher on both ends.

Many people are leasing cars. They can't afford to buy them.

Here are some headlines:

U.S. credit card defaults soar; total debt hits 12-year high

https://fortune.com/2025/01/23/credit-card-defaults-debt-levels-increasing/

U.S. Consumer Debt Rises to $5.1 Trillion in the Third Quarter

https://eyeonhousing.org/2024/11/u-s-consumer-debt-rises-to-5-1-trillion-in-the-third-quarter/

Total outstanding U.S. consumer debt stood at $5.10 trillion for the third quarter of 2024, increasing at an annualized rate of 3.28% (seasonally adjusted), according to the Federal Reserve’s G.19 Consumer Credit Report. In general, consumer debt has been slowing over the past two years, peaking at a high rate of 9.16% in the second quarter of 2022. However, the third quarter of 2024 experienced an uptick in growth from the previous quarter’s rate of 1.14%.

The G.19 report excludes mortgage loans, so the data primarily reflects consumer debt in the form of student loans, auto loans, and credit card debt. As consumer spending has outpaced personal income, savings rates have been declining and consumer debt has increased. Previously, consumer debt growth had been slowing, as high inflation and rising interest rates led people to reduce their borrowing. However, the growth rate ticked up in the latest quarter, possibly reflecting expectations of rate cuts that took place at the quarter’s end.

Retail crypto investors appear to be going for the meme coin casino on Solana. They think they can throw some money and make it big. But they end up getting rekked. Have you seen the 13-year old kid who rug-pulled his meme on video? They doxxed him and then drove up his meme after he sold out. He then came out with a second meme called "SORRY" and pulled the rug again.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on January 31, 2025, 09:38:22 PM
Quote from: obsidian on January 31, 2025, 04:55:17 AM
Are you sure? I'm talking about retail, not institutional. BTC's price was not driven up by retail as much as institutional.

Home prices are up but sellers will pay just as much for a new or replacement house. The higher values benefit people that have multiple homes and want to unload some from their portfolio. But single home owners don't benefit at all. The transaction value is just higher on both ends.

Many people are leasing cars. They can't afford to buy them.

Here are some headlines:

U.S. credit card defaults soar; total debt hits 12-year high

https://fortune.com/2025/01/23/credit-card-defaults-debt-levels-increasing/

U.S. Consumer Debt Rises to $5.1 Trillion in the Third Quarter

https://eyeonhousing.org/2024/11/u-s-consumer-debt-rises-to-5-1-trillion-in-the-third-quarter/

Total outstanding U.S. consumer debt stood at $5.10 trillion for the third quarter of 2024, increasing at an annualized rate of 3.28% (seasonally adjusted), according to the Federal Reserve’s G.19 Consumer Credit Report. In general, consumer debt has been slowing over the past two years, peaking at a high rate of 9.16% in the second quarter of 2022. However, the third quarter of 2024 experienced an uptick in growth from the previous quarter’s rate of 1.14%.

The G.19 report excludes mortgage loans, so the data primarily reflects consumer debt in the form of student loans, auto loans, and credit card debt. As consumer spending has outpaced personal income, savings rates have been declining and consumer debt has increased. Previously, consumer debt growth had been slowing, as high inflation and rising interest rates led people to reduce their borrowing. However, the growth rate ticked up in the latest quarter, possibly reflecting expectations of rate cuts that took place at the quarter’s end.

Retail crypto investors appear to be going for the meme coin casino on Solana. They think they can throw some money and make it big. But they end up getting rekked. Have you seen the 13-year old kid who rug-pulled his meme on video? They doxxed him and then drove up his meme after he sold out. He then came out with a second meme called "SORRY" and pulled the rug again.

Yes I am sure.

Forget headlines because you can’t quantify the data.

S&P to 7k
Property ATH this year and huge growth in 2026

This is the biggest wealth generating period in your lifetime and you have been bearish the entire time
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on February 02, 2025, 08:47:22 AM
BTC under 100k!
Keep stacking Satoshis!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 02, 2025, 10:49:07 PM
Quote from: gib on January 29, 2025, 12:29:50 AM

ETH just now hit yet another low (4.5 year decline) to BTC. As you all know I predicted this perfectly back when Eth was 0.057 to on BTC. Its now 0.031, and I will expect it will fall below 0.03 over the next few months.  Its absolute insanity to keep holding in a situation like this - do not gamble with your future, when the obvious route to long term success (and failure) is so obvious.


I did warn you...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 02, 2025, 11:00:54 PM
Quote from: gib on January 30, 2025, 02:51:41 AM
Eth will soon fall to a 5 year low (for obvious reasons) which will be another psychological blow for anyone believing in the myth of a 4 year Eth or "alt cycle".

Right now the decline has been rather slow and steady, much like a boiling frog scenario. But, as ETH's market cap shrinks, the impact of selloffs can become more volatile to price, which is what we might well see as more get out and fewer get in.

So, whilst I think its most likely we will see a consistent and continued selloff, but maybe just gradually picking up pace, I do want to warn though, that we may see a large liquidity driven capitulation at some point, where the volume of sellers increases, and where you literally have almost an entire absence of willing buyers. If that were to occur, we could see a rapid fall to around the $2500 level. And if that happens, someone will now doubt argue, "that was the capitulation we needed - now we are at the bottom!" :). Only it would not be the bottom. The bottom is technically around $100, although it may be a long time before we ultimately get to that level with ups and downs along the way.


And now we can see - I absolutely NAILED IT. I mean, right down even to the $2500 target level I mentioned (as above).

Obsidian - can you can't say I didn't warn you. I really really did try (perhaps even to the point of coming across as annoying).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on February 03, 2025, 08:41:13 AM
Buy the news
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: GymnJuice on February 03, 2025, 11:10:42 AM
Any thoughts on the sovereign wealth fund? Is that something that is held in American dollars by the US government? Can it be held in gold or bitcoins? Or we don't know yet?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 03, 2025, 11:13:53 AM
Quote from: GymnJuice on February 03, 2025, 11:10:42 AM
Any thoughts on the sovereign wealth fund? Is that something that is held in American dollars by the US government? Can it be held in gold or bitcoins? Or we don't know yet?

We don't know yet. Lots of talk and bluster at the moment. Eg it will own Bitcoin, shares in TikTok, shares of Nvidia, gold etc..

Right now this guy is talking a lot - lets see what sticks.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 03, 2025, 03:48:03 PM
Quote from: gib on February 02, 2025, 11:00:54 PM
And now we can see - I absolutely NAILED IT. I mean, right down even to the $2500 target level I mentioned (as above).

Obsidian - can you can't say I didn't warn you. I really really did try (perhaps even to the point of coming across as annoying).
I made a "cover your ass" post about that. See below:

Quote from: obsidian on January 29, 2025, 04:16:27 PM
ETH could go down to 0.03 BTC or even lower in the short term. My opinion is at some point there will be a major reversal. BTC is extremely overvalued relative to ETH.

What can I say. Morons fell for the trade war tarrifs and panic sold Ethereum. People were already predicting during the selling that Trump would come out on Monday and pause the tarrif disputes so the stock market would not be hit as hard.

And what did Trump do? Buy a ton of ETH, apparently!

Let's see what happens tomorrow when they provide more details about the digital asset stockpile.

(https://preview.redd.it/hmm-nothing-sus-here-v0-ga9xpowc60he1.jpeg?auto=webp&s=32c781796a45839f5a2304925c3f03bc0cae3863)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 03, 2025, 03:50:26 PM
Grayscale's ETHE sees ETH Spot ETF inflow for the first time. That's the one with the higher fees. The other one also saw an inflow.

Curious to see the Fidelity and BlackRock numbers later.

https://farside.co.uk/eth/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 03, 2025, 03:53:02 PM
Quote from: Mayday on January 31, 2025, 09:38:22 PM
Yes I am sure.

Forget headlines because you can’t quantify the data.

S&P to 7k
Property ATH this year and huge growth in 2026

This is the biggest wealth generating period in your lifetime and you have been bearish the entire time
Have you ever been diagnosed as bi-polar?! lmao!

You were the one calling the top of BTC at $72k a year ago. Sounds like you were very bullish..... NOT!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 03, 2025, 10:28:19 PM
Quote from: obsidian on February 03, 2025, 03:48:03 PM

What can I say. Morons fell for the trade war tarrifs and panic sold Ethereum. People were already predicting during the selling that Trump would come out on Monday and pause the tarrif disputes so the stock market would not be hit as hard.


Well you could say, "Damn, hats off to you. Uncanny how you keep absolutely nailing your Eth predictions"...

As for these "Trump just bought Eth" memes, I think for half the people posting these its actually as a joke laughing at these guys and laughing at these guys buying Eth and Trump coins - but then others are posting it not understanding the joke". Funny environment all these alt people play in that's for sure. What we do know (as I have explained earlier) is that nothing this "World Liberty Finance Group" outfit is doing is to be taken seriously (for obvious reasons).

Yes, the sovereign wealth fund will be interesting! Short term, anything they buy should get a boot - long term, no matter what they buy it cannot change fundamental value.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 04, 2025, 03:38:04 AM
Quote from: obsidian on February 03, 2025, 03:53:02 PM
Have you ever been diagnosed as bi-polar?! lmao!

You were the one calling the top of BTC at $72k a year ago. Sounds like you were very bullish..... NOT!

Yes, I am retarded. I’ve done enough to know what I say or do is never enough for anyone. Although it sounds like you missed basically everything bullish I have said for years lol.

I bought at 17.5k and we got 15.5k. I said 76k, we got 74k and I sold and bought -90% down alts. I posted all of those moves and said I wouldn’t provide future moves because it was pointless.

Recently I provided the correlation I used years in advance which nailed the sell off target from 76k and also the next top target of 99.8k. I’ll post it for you again.

When Trump launched memecoins on Solana they all yelled “trump picked Solana, let’s fucking goooo!!!” He dumped 200M…..

Trump then Bought ETH and everyone yelled “the President holds ETH!!! let’s fucking goooo!!!”
ETH holders then got round tripped 8yrs to BTC…… 

When holders encourage FUD, price generally doesn’t do much. One has to be open to the idea of inverse 2021.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 04, 2025, 06:08:13 AM


(https://pbs.twimg.com/media/Gi6VroMXsAAdAHE?format=jpg&name=large)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on February 04, 2025, 06:20:11 AM
This just shows that they are investing without understanding anything. Eric and Barron are just basic, brainless investors.
All the influencers are former investors back when Ethereum was the only one with all the extra features compared to Bitcoin. now they just don't want to give up their tokens from a blockchain that is dying because it is impossible to reform it.
XRP is the same but worse in terms of mafia, token manipulation and the value of this non-blockchain.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 04, 2025, 06:25:53 AM
The Trump family seem to be die-hard ETH maximalists  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 04, 2025, 06:31:49 AM
'You can thank me later'  ;D

(https://pbs.twimg.com/media/Gi5hcU7WUAA813Q?format=jpg&name=large)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 04, 2025, 10:25:52 AM
Not sure those investors from whom he has so far lost 100m and is 25% down in less than a month will be doing much thanking of him later lol!

Lets just say, that running a crypto hedge fund, doesn't exactly seem to be his biggest strength lol!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 04, 2025, 12:14:35 PM
David Sachs said it TWICE.

We are looking into the feasibility of a BITCOIN Strategic Reserve.

Not a single mention of Eth at all... lol
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 04, 2025, 03:40:33 PM
Quote from: gib on February 04, 2025, 12:14:35 PM
David Sachs said it TWICE.

We are looking into the feasibility of a BITCOIN Strategic Reserve.

Not a single mention of Eth at all... lol
Stablecoins were mentioned more than Bitcoin. And they talked about "digital assets" - plural! Web 3.0 was also mentioned. Ethereum is WEB 3.0, not Bitcoin.

Stablecoins can't be on Bitcoin natively. Ethereum holds the majority of stablecoin supply. There's also a few billion stablecoins on Ethereum Layer 2s.

Current stablecoins support the dollar so is a valuable entity for the US. Stablecoins need blockchains like Ethereum to function, Ethereum does not need stablecoins to function. But they both help each other.

ETH - $117.645 billion
TRON - $60.668 billion
SOL - $11.98 billion
BSC - $6.951 billion
BASE - $3.98 billion

If you read between the lines, it is clear Ethereum and other chains would be an asset that the US will support.

https://defillama.com/stablecoins/chains
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 04, 2025, 03:45:09 PM
I doubt the strategic reserve details will be released soon. They don't want the price to runup before they can enter a position. They will probably decide behind the scenes and might even want the prices to come down so they can enter at a lower level. Remember the gold confiscations in 1933. They declared the price at $20.67 per troy ounce. Once the US had enough gold they allowed the public to buy again. Real shitty move. I doubt they would get away with that now. So they have to try other tactics.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 04, 2025, 03:50:26 PM
https://www.thestreet.com/crypto/markets/as-trumps-crypto-project-moves-eth-donald-trumps-son-endorses-ether

Donald Trump’s son endorses Ether as Trump family crypto project moves ETH
Eric Trump publicly suggested it's a "great time" to invest in Ether, as the family crypto venture moved its Ether holdings.

On Monday, Donald Trump’s son, Eric Trump, appeared to endorse the world’s second-largest cryptocurrency, Ether, on social media: “In my opinion, it’s a great time to add $ETH,” he wrote.

On the same day, the Trump family crypto venture, World Liberty Financial, transferred more than $307 million in crypto to Coinbase Prime, including $212.6 million in ETH (Ether).

In the immediate aftermath of the post, Ether's price jumped to $2,900, while also being propped up by President Donald Trump’s decision to halt tariffs on Mexico and Canada. World Liberty Financial denied any dubious activity: “To be clear, we are not selling tokens — we are simply reallocating assets for ordinary business purposes,” the Trump-linked crypto project said.

Eric Trump maintains a financial stake in World Liberty Financial, and also holds Ether, Bitcoin, Solana, Sui, and other cryptocurrencies.

His social media post quickly engendered discussion in the crypto community, particularly among Bitcoin advocates who questioned Ether’s market prospects relative to Bitcoin. Pierre Rochard, Vice President of Research at Bitcoin mining company Riot Platforms, dismissed the endorsement, writing, “Adding ETH to my list of things not to buy.” Others on social media castigated Eric Trump for not including his wallet address or Etherscan link detailing his own Ether transaction history.

The price of Ether is currently trading near $2,825, according to CoinGecko.

Despite the Trump family's involvement, some analysts view Ether's recent market action as a bullish signal, though they urge caution. "Yesterday’s 34% drop in Ether was quickly bought up, which typically indicates a growing presence of buyers in the market,” Arthur Azizov told TheStreet Crypto. “When we see such a strong recovery, it often suggests that the price is likely to move upward."

However, Azizov told TheStreet Crypto that Ether's price could fall again before potentially continuing upward. “Yesterday’s move, which ended at $2,125, has formed another liquidity shelf in the $2,112-$2,094 range, which means that the price could revisit the $2,000 level in the near future,” he said.

Escalating trade tensions between China and the U.S. have also impacted crypto markets in the last 24 hours. “Ether [has] fallen under its 200-day moving average and enter[ed] the consolidation area from August to October last year,” said Alex Kuptsikevich, FxPro chief market analyst. “We often view Ether as the ‘canary’ of the crypto market, and it’s not feeling great.”
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 04, 2025, 03:54:02 PM
^^^^^^
Eric Trump's tweet could have been a test to see how volatile Ethereum is. Musk proved before how he could influence the Doge price. The reality is any asset can be pumped or dumped by the right person, including Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 04, 2025, 03:57:40 PM
Quote from: French on February 04, 2025, 06:20:11 AM
This just shows that they are investing without understanding anything. Eric and Barron are just basic, brainless investors.
All the influencers are former investors back when Ethereum was the only one with all the extra features compared to Bitcoin. now they just don't want to give up their tokens from a blockchain that is dying because it is impossible to reform it.
XRP is the same but worse in terms of mafia, token manipulation and the value of this non-blockchain.
The majority of stablecoins are on Ethereum. Ethereum has the highest TVL. 13-year olds care about memes on Solana, cheap fees, and don't worry about failed transactions. Big institutions though do care about reliability. High fees are not an issue for them either.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 04, 2025, 11:30:43 PM
Quote from: obsidian on January 30, 2025, 03:58:52 PM
I can't take you serious when you make ridiculous claims that ETH will decline to $100 which is a fair value. Are you nuts?! That's completely naïve and delusional thinking. You were wrong about the SEC and Ethereum and you're wrong about that.

There are over 1 million validators and 33 million staked ETH.

Ethereum is arguably more decentralized than Bitcoin. It never goes down, offers yield at a lower inflation rate than the current BTC, is being adopted worldwide by institutions and banks, has a first-mover smart contract advantage like Bitcoin has with blockchains.

There are more developers working on building out Ethereum than any other chain by a large margin.

Just the ETH L2 Base has about as many developers as Bitcoin. There are ten times more developers in the Ethereum network than Bitcoin. And many of them started with Bitcoin, including Vitalik.

https://www.developerreport.com/

ETH is extremely undervalued against BTC. A fair value to me should at a minimum be 3:1 or even 1:1. Maybe ETH is more valuable than BTC when you consider all BTC's shortcomings and even disregard the bigger ETH supply!  ;D

Obsidian - you really are, naively, confusing multiple concepts here. MayDay says a lot of stuff, but one thing he has a number of times tried to explain (and I think it just went over your head) which I agree with, are the different functions of BTC vs Eth, which in turn are relevant to their valuations.

I am thinking now, by the way that you talk, that you may never really have had experience in fundamental valuation of assets - am I correct? (For example, the "Trump coin", which you mentioned at its peak you "wished you had bought", has fallen from $70 to $18 in less than a few weeks. This is really a perfect example of lack of understanding of asset valuation fundamentals).

So, let me explain a little, as maybe it is wrong of me to assume everyone innately knows how this is done. (As you know, I come from a traditional finance and investing background, so to me and those around me, this is really quite an innate skill, much like a language we have grown up with. Its core to how we look at any asset or investment opportunity. But I get it - there is an entirely generation who has grown up not learning these skills - perhaps especially the whole crypto degen and Wall St Bets generation. And we see examples of it on this thread, and not only from you).

Price is, in the short term, driven by demand for an asset. And the creation of an Eth staking yield post-merge led to some initial appeal for Eth. They thought they were being smart in trying to outdo BTC. But they actually laid their own trap which commenced their downfall. Indeed, the downside of such shitcoinery, is that this development was actually the final nail in the coffin which led Eth to be perceived (and valued) as a capital value asset (as opposed to a store of value asset). And what that means is that it then becomes more likely to be priced over time, on an intrinsic valuation methodology using the traditional discounted cash flow model which is applied to valuing other income generating assets such as stocks. And that’s where, over time, price of Eth will be a lot more tied to revenue and profitability metrics as opposed to store of value utility (which BTC now owns) or any kind of other usage or adoption metrics of Eth which initially created some interest in the asset. This is also the case due to Eth's security-ike properties, which the market is slowly understanding, and which I have tried to explain so many times. Remember, its not what the SEC calls Eth which matters, but rather what Eth fundamentally is which does. And again, due to its security like properties, it increasingly becomes valued as a security would - that cannot be stopped, which is why my and Gensler's many earlier explanations about Eth's security-like properties, vs BTC are important to understand and take heed of. I was 100% right about this, and we are of course now slowly seeing the consequences of this being realized (for obvious reasons). Remember earlier my explanation that you can put a piece of shit into an ETF wrapper - but that does not fundamentally change the quality of what is its you have wrapped! Whether you call it a security or not, it is irrelevant. The market has sniffed this out, and it knows what Eth is. And that is of course why Eth has continued to flop.

As for what Eth should be valued using a DCF model, I deliberately triggered you with my eventual $100 valuation statement. I did it because I am trying to prompt you on your journey of understanding, to think, deeply, "how do I correctly value Eth? (Clue - its not "oh 1000's of developers use it, Eric Trump said he likes it, banks find it secure, etc). Really - think about it. Look at the total revenue, (and try to forecast the impact on future revenue growth from cheaper and faster alternatives such as Solana and others), and then look at the current market cap - then look at the PE, and then compare that to a similar size tech company. And then consider relative valuations for the risk taken. That will give you your number. Treat Eth as a business, and assess whether the price per share is currently at good value.

And then further, bear in mind that any increase in the value of Eth is fundamentally incongruous to its desirability to being used as a utility token. Think about that for a moment. You are investing in an asset which you seem to value due to it being used as token for a smart chain for certain typos of transactions, yet the more the price of such a token goes up, the less of an incentive there is to use it and the more of an incentive there is to use an alternative (the number of which are infinite)! Vitalik also commented on this phenomenon many years ago. Think about the insanity of this for just a moment.

As to what is Eth's true valuation is on a proper valuation methodology, it’s a longer conversation with numerous variables which require future assumptions which are rather unclear. I have done some back of envelope calculations using my models and I get a current valuation ranging between as low as $100 to as high as, theoretically, $5000, (depending among other things an assumption of continued future revenue growth, and also estimates on what number I should use as the future risk free rate of return). What I do think though, regardless, is that we are on a progressively downward trend, coming from an extremely overvalued level due a fundamental investor misunderstanding of value. And that is a really tough tide to swim against as an investor.

Right, now that really is it for a while. Good luck! Please consider scaling back into BTC. That little selloff in Eth should serve as warning as to what might be ahead. Markets often give you these little hits and warnings - ignore them at your peril. These are like little earthquake tremors before the big one. Please do some thinking - do the exercise I suggested on another post, of you debating all the pros/cons with yourself - really I suggest you do this. Do not let me have to come back still debating on this with you when Eth hits a 5 year low to BTC, which will happen (for obvious reasons).

And PS - you know which paragraph I will be quoting of myelf, when I do come back to this thread, don't you. :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 05, 2025, 04:42:15 PM
Quote from: gib on February 04, 2025, 11:30:43 PM
Obsidian - you really are, naively, confusing multiple concepts here. MayDay says a lot of stuff, but one thing he has a number of times tried to explain (and I think it just went over your head) which I agree with, are the different functions of BTC vs Eth, which in turn are relevant to their valuations.

I am thinking now, by the way that you talk, that you may never really have had experience in fundamental valuation of assets - am I correct? (For example, the "Trump coin", which you mentioned at its peak you "wished you had bought", has fallen from $70 to $18 in less than a few weeks. This is really a perfect example of lack of understanding of asset valuation fundamentals).

So, let me explain a little, as maybe it is wrong of me to assume everyone innately knows how this is done. (As you know, I come from a traditional finance and investing background, so to me and those around me, this is really quite an innate skill, much like a language we have grown up with. Its core to how we look at any asset or investment opportunity. But I get it - there is an entirely generation who has grown up not learning these skills - perhaps especially the whole crypto degen and Wall St Bets generation. And we see examples of it on this thread, and not only from you).

Price is, in the short term, driven by demand for an asset. And the creation of an Eth staking yield post-merge led to some initial appeal for Eth. They thought they were being smart in trying to outdo BTC. But they actually laid their own trap which commenced their downfall. Indeed, the downside of such shitcoinery, is that this development was actually the final nail in the coffin which led Eth to be perceived (and valued) as a capital value asset (as opposed to a store of value asset). And what that means is that it then becomes more likely to be priced over time, on an intrinsic valuation methodology using the traditional discounted cash flow model which is applied to valuing other income generating assets such as stocks. And that’s where, over time, price of Eth will be a lot more tied to revenue and profitability metrics as opposed to store of value utility (which BTC now owns) or any kind of other usage or adoption metrics of Eth which initially created some interest in the asset. This is also the case due to Eth's security-ike properties, which the market is slowly understanding, and which I have tried to explain so many times. Remember, its not what the SEC calls Eth which matters, but rather what Eth fundamentally is which does. And again, due to its security like properties, it increasingly becomes valued as a security would - that cannot be stopped, which is why my and Gensler's many earlier explanations about Eth's security-like properties, vs BTC are important to understand and take heed of. I was 100% right about this, and we are of course now slowly seeing the consequences of this being realized (for obvious reasons). Remember earlier my explanation that you can put a piece of shit into an ETF wrapper - but that does not fundamentally change the quality of what is its you have wrapped! Whether you call it a security or not, it is irrelevant. The market has sniffed this out, and it knows what Eth is. And that is of course why Eth has continued to flop.

As for what Eth should be valued using a DCF model, I deliberately triggered you with my eventual $100 valuation statement. I did it because I am trying to prompt you on your journey of understanding, to think, deeply, "how do I correctly value Eth? (Clue - its not "oh 1000's of developers use it, Eric Trump said he likes it, banks find it secure, etc). Really - think about it. Look at the total revenue, (and try to forecast the impact on future revenue growth from cheaper and faster alternatives such as Solana and others), and then look at the current market cap - then look at the PE, and then compare that to a similar size tech company. And then consider relative valuations for the risk taken. That will give you your number. Treat Eth as a business, and assess whether the price per share is currently at good value.

And then further, bear in mind that any increase in the value of Eth is fundamentally incongruous to its desirability to being used as a utility token. Think about that for a moment. You are investing in an asset which you seem to value due to it being used as token for a smart chain for certain typos of transactions, yet the more the price of such a token goes up, the less of an incentive there is to use it and the more of an incentive there is to use an alternative (the number of which are infinite)! Vitalik also commented on this phenomenon many years ago. Think about the insanity of this for just a moment.

As to what is Eth's true valuation is on a proper valuation methodology, it’s a longer conversation with numerous variables which require future assumptions which are rather unclear. I have done some back of envelope calculations using my models and I get a current valuation ranging between as low as $100 to as high as, theoretically, $5000, (depending among other things an assumption of continued future revenue growth, and also estimates on what number I should use as the future risk free rate of return). What I do think though, regardless, is that we are on a progressively downward trend, coming from an extremely overvalued level due a fundamental investor misunderstanding of value. And that is a really tough tide to swim against as an investor.

Right, now that really is it for a while. Good luck! Please consider scaling back into BTC. That little selloff in Eth should serve as warning as to what might be ahead. Markets often give you these little hits and warnings - ignore them at your peril. These are like little earthquake tremors before the big one. Please do some thinking - do the exercise I suggested on another post, of you debating all the pros/cons with yourself - really I suggest you do this. Do not let me have to come back still debating on this with you when Eth hits a 5 year low to BTC, which will happen (for obvious reasons).

And PS - you know which paragraph I will be quoting of myelf, when I do come back to this thread, don't you. :)
Thanks for the finance lecture, Professor Buffett. I’ll be sure to run ETH through a DCF model before making my next move. Meanwhile, the market will keep doing what it does—being unpredictable and not necessarily aligning with rigid valuation theories. But please, do come back and quote yourself in the future. I’m sure it’ll be enlightening.

You make a lot of bold claims about ETH’s valuation, but you’re also hedging with a $100-$5000 range, which is comically wide. You can’t simultaneously argue that ETH is on a path to collapse while acknowledging that valuation models are highly variable. Markets don’t strictly follow textbook DCF models, especially in crypto, where utility, adoption, and network effects play a major role. And if ETH truly follows security-like valuation principles, why has BTC—an asset with zero yield—outperformed most traditional ‘store of value’ assets in the last decade?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 05, 2025, 04:45:01 PM
Interesting move.

https://finance.yahoo.com/news/microstrategy-rebrands-strategy-bitcoin-inspired-191500833.html

MicroStrategy rebrands as Strategy with a Bitcoin-inspired logo

Bitcoin-maximalist and business intelligence firm MicroStrategy (MSTR) has rebranded as Strategy, unveiling a new identity centered around Bitcoin.The rebrand features a stylized “B” logo and adopts orange as its primary brand color, which the company says symbolizes energy, intelligence, and Bitcoin. With the rebrand, the company announced that Strategy is now “the world’s first and largest “Bitcoin Treasury Company.”

(https://s.yimg.com/ny/api/res/1.2/wRkLnA7gqOFnAM.hJtLQSQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU0NjtjZj13ZWJw/https://media.zenfs.com/en/quartz.com/e9a83d14850d45ff8cf12a0985f12a32)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 05, 2025, 04:46:44 PM
The ETH Spot ETFs saw an inflow yesterday of $307.8 million. BlackRock's ETHA accumulated $276.2 million. The ETHA fund now holds $4,413.2 million.

https://farside.co.uk/eth/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 05, 2025, 04:48:16 PM
US Ethereum ETFs hit record $1.5 billion trading amid Trump's new tariffs
US spot Ethereum ETFs achieved a record $1.5 billion in trading volume on February 3, demonstrating a 23% increase from their previous high, coinciding with a significant drop in crypto prices following President Trump's tariff announcements. BlackRock, Grayscale, and Fidelity led the trading volumes. Despite a downturn in crypto prices, US Ethereum ETFs observed net inflows of $83.6 million, the highest since January 16.

https://cryptobriefing.com/newsbriefs/?id=162400&title=us-ethereum-etfs-hit-record-1-5-billion-trading-amid-trumps-new-tariffs
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 05, 2025, 10:51:52 PM
Quote from: obsidian on February 05, 2025, 04:42:15 PM
Thanks for the finance lecture, Professor Buffett. I’ll be sure to run ETH through a DCF model before making my next move. Meanwhile, the market will keep doing what it does—being unpredictable and not necessarily aligning with rigid valuation theories. But please, do come back and quote yourself in the future. I’m sure it’ll be enlightening.

You make a lot of bold claims about ETH’s valuation, but you’re also hedging with a $100-$5000 range, which is comically wide. You can’t simultaneously argue that ETH is on a path to collapse while acknowledging that valuation models are highly variable. Markets don’t strictly follow textbook DCF models, especially in crypto, where utility, adoption, and network effects play a major role. And if ETH truly follows security-like valuation principles, why has BTC—an asset with zero yield—outperformed most traditional ‘store of value’ assets in the last decade?

Market - short term it's a voting machine, long term it's a weighing machine. (If you do not understand what that means, do a little research. Very important concept for any investor to understand).

Eth valuation - point is, that valuation metrics are not overly reliable, especially in the crypto space. For example, we don't really know how much Eth will be displaced by competitors, how much Eth transaction revenue will decline if Eth token prices rise, etc. But to be clear, my prediction is that BTC will continue to decline to BTC over time (for obvious reasons). The best we can do is make an educated guess, and chose the most likely of scenarios, discarding the more extreme outlying scenarios (except for max risk tolerance purposes). Short term is harder to predict, although you can see I have been continuously right as Eth fell around 50% to BTC in just the last year alone, falling from around 0.06 Btc for 1 Eth, to around 0.03. An absolutely terrible comparative performance.

"if ETH truly follows security-like valuation principles, why has BTC—an asset with zero yield—outperformed most traditional ‘store of value’ assets in the last decade?" Now we are getting somewhere, for this is indeed the exact question you should be asking yourself.  This entire thread, and especially my comments, have attempted to answer that for you. But in summary, Eth is a capital asset. Btc is a store of value asset. Again, really think about that, and what it means for price - I have not give up hope on you Obsidian!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 05, 2025, 11:01:14 PM
Quote from: obsidian on February 05, 2025, 04:45:01 PM
Interesting move.

https://finance.yahoo.com/news/microstrategy-rebrands-strategy-bitcoin-inspired-191500833.html

MicroStrategy rebrands as Strategy with a Bitcoin-inspired logo

Bitcoin-maximalist and business intelligence firm MicroStrategy (MSTR) has rebranded as Strategy, unveiling a new identity centered around Bitcoin.The rebrand features a stylized “B” logo and adopts orange as its primary brand color, which the company says symbolizes energy, intelligence, and Bitcoin. With the rebrand, the company announced that Strategy is now “the world’s first and largest “Bitcoin Treasury Company.”

(https://s.yimg.com/ny/api/res/1.2/wRkLnA7gqOFnAM.hJtLQSQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU0NjtjZj13ZWJw/https://media.zenfs.com/en/quartz.com/e9a83d14850d45ff8cf12a0985f12a32)

Thoughts on this?

Eric Balchunas on X:

'Here's data showing that the spot bitcoin ETFs and $MSTR to a lesser extent are basically solely responsible for btc's move out of the $30k post-SBF doghouse. I've theorized this in past, ppl got testy, but data shows its true.. via @HODL15Capital'

(https://pbs.twimg.com/media/GjDny-nWsAANRqE?format=jpg&name=medium)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 05, 2025, 11:17:23 PM
No doubt we are seeing far more buyers buying ETC via the ETF and MSTR. That should be obvious. No dispute there. Buyers tend to move to the easiest purchase method available, and for many these vehicles are more convenient.

What sometimes is forgotten, is that the ETFs and MSTR are made up of, and represent hundreds of thousands, if not millions of individual investors...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 06, 2025, 12:47:05 AM
Quote from: Griffith on February 05, 2025, 11:01:14 PM
Thoughts on this?

Eric Balchunas on X:

'Here's data showing that the spot bitcoin ETFs and $MSTR to a lesser extent are basically solely responsible for btc's move out of the $30k post-SBF doghouse. I've theorized this in past, ppl got testy, but data shows its true.. via @HODL15Capital'

(https://pbs.twimg.com/media/GjDny-nWsAANRqE?format=jpg&name=medium)
That's an interesting stat Griffith! I'll look into it more.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 06, 2025, 12:50:40 AM
Here's an interesting post by lead Ethereum developer Justin Drake. Some may dismiss this as BTC FUD. But, it is worth pondering:

https://x.com/drakefjustin/status/1887108667675124174

Since the merge, ETH is definitely scarcer than BTC. It's remarkable BTC supply grew 666K BTC, worth $66B, all while ETH supply stayed flat. Today BTC supply grows 0.83%/year, 66% faster than ETH. And for those looking ahead, as I explain below, ETH supply is poised to decrease again.

(https://pbs.twimg.com/media/GjBUOwfXgAALst0?format=jpg&name=900x900)

Scarcity is important, but ultimately the fight for internet money will likely be settled by security. Ironically, the famous 21M BTC cap is to blame. BTC issuance is going to zero—that's Bitcoin's strongest social contract. In a few halvings, issuance will be so small as to be irrelevant.

Here's a shocking stat: in the last 7 days only 1% of miner revenue came from Bitcoin fees. Yes, 99% came from issuance. And that's despite 4 halvings that reduced issuance by 16x, and despite 15 years of search for transactional utility on Bitcoin.

IMO the Bitcoin blockchain is cooked. It takes roughly $10B and access to 10GW to permanently 51% attack Bitcoin. The cost is peanuts for nation states. As for the power, Texas—a single state of a single country—can produce 80GW. The BTC security ratio is 200-to-1, it's a $2T asset secured by $10B of economic security.

Any shortable instrument correlated to BTC mining incentivises an 51% attack attack. There's $20B of Bitcoin mining stocks—those would insta-nuke. There's $40B of open interest on BTC perps—direct short exposure. Not to mention potential short exposure through the $100B in ETFs and the $100B in MSTR.

Will BitVM solve the fee problem? Any BitVM bridge is an incentive to 51% attack Bitcoin. Indeed, a 51% attacker can censor fraud proofs over the challenge period and drain BitVM bridges. Ironically, BitVM is arguably a direct attack on Bitcoin. And no, Bitcoin doesn't have social slashing to recover from 51% attacks.

What if the BTC price grows by 10x, flipping gold, is Bitcoin safe then? Let's say this happens in the next 11 years. BTC would be a $20T asset but issuance would shrink 8x because of the three halvings. The security ratio would grow beyond 1000-to-1. IMO this is untenable especially as BTC institutionalises, becomes more liquid, and ultimately become easier to short in size. Imagine $1T of perp open interest but just $10B of economic security.

Can Bitcoin somehow fix itself before it's too late? Bitcoin is the epitome of blockchain ossification. Can it have 1%/year tail issuance? Ha, good luck fighting the 21M cap! Maybe Bitcoin can switch to PoS and rely on minimal fees? PoS is sacrilege. Maybe Bitcoin can change to another PoW algorithm? Nope, that nuclear option won't help. Maybe Bitcoin can have big blocks and sell data availability at scale? Ser, a holy war was fought over small blocks.

If you made it this far and understood the above, congrats. Even today few appreciate how screwed Bitcoin PoW is long term and what the ramifications are for BTC the asset. This is a frontrunable opportunity but it requires patience. The time frame is not 1 month or even 1 year—it's 10 years.


There's a lot more in his post - very interesting!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 06, 2025, 01:05:53 AM
Quote from: gib on February 05, 2025, 10:51:52 PM
"if ETH truly follows security-like valuation principles, why has BTC—an asset with zero yield—outperformed most traditional ‘store of value’ assets in the last decade?" Now we are getting somewhere, for this is indeed the exact question you should be asking yourself.  This entire thread, and especially my comments, have attempted to answer that for you. But in summary, Eth is a capital asset. Btc is a store of value asset. Again, really think about that, and what it means for price - I have not give up hope on you Obsidian!
That’s a counterpoint to your argument that ETH should be valued like a security using traditional discounted cash flow (DCF) models because it has staking yield and revenue. The "gotcha" is that BTC has zero yield, zero cash flow, and no traditional valuation model, yet it has massively outperformed almost every other store-of-value asset, including gold, over the last decade.

So if your logic is that ETH is doomed because it's starting to be valued like a security, then why has BTC—an asset with none of the usual valuation metrics—become the best-performing store of value? If the market is so rational and valuation-driven, BTC shouldn't be where it is today.

This forces you into a corner: either you admit BTC's success contradicts your rigid valuation framework, or you have to concede that market forces in crypto don’t always follow traditional finance models.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 06, 2025, 01:11:20 AM
Quote from: gib on February 05, 2025, 10:51:52 PM
Market - short term it's a voting machine, long term it's a weighing machine. (If you do not understand what that means, do a little research. Very important concept for any investor to understand).

Eth valuation - point is, that valuation metrics are not overly reliable, especially in the crypto space. For example, we don't really know how much Eth will be displaced by competitors, how much Eth transaction revenue will decline if Eth token prices rise, etc. But to be clear, my prediction is that BTC will continue to decline to BTC over time (for obvious reasons). The best we can do is make an educated guess, and chose the most likely of scenarios, discarding the more extreme outlying scenarios (except for max risk tolerance purposes). Short term is harder to predict, although you can see I have been continuously right as Eth fell around 50% to BTC in just the last year alone, falling from around 0.06 Btc for 1 Eth, to around 0.03. An absolutely terrible comparative performance.

"if ETH truly follows security-like valuation principles, why has BTC—an asset with zero yield—outperformed most traditional ‘store of value’ assets in the last decade?" Now we are getting somewhere, for this is indeed the exact question you should be asking yourself.  This entire thread, and especially my comments, have attempted to answer that for you. But in summary, Eth is a capital asset. Btc is a store of value asset. Again, really think about that, and what it means for price - I have not give up hope on you Obsidian!
You keep repeating that BTC is a store of value and ETH is a capital asset, but that alone doesn’t explain why BTC has succeeded despite lacking traditional valuation metrics. If market participants actually priced assets using DCF models like you suggest, BTC should have been ignored or dismissed entirely. Instead, it became the best-performing asset of the decade. That suggests market forces in crypto don’t adhere strictly to traditional valuation frameworks. Given that, why should ETH be an exception?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 06, 2025, 08:34:51 AM
Quote from: obsidian on February 06, 2025, 01:05:53 AM
That’s a counterpoint to your argument that ETH should be valued like a security using traditional discounted cash flow (DCF) models because it has staking yield and revenue. The "gotcha" is that BTC has zero yield, zero cash flow, and no traditional valuation model, yet it has massively outperformed almost every other store-of-value asset, including gold, over the last decade.

So if your logic is that ETH is doomed because it's starting to be valued like a security, then why has BTC—an asset with none of the usual valuation metrics—become the best-performing store of value? If the market is so rational and valuation-driven, BTC shouldn't be where it is today.

This forces you into a corner: either you admit BTC's success contradicts your rigid valuation framework, or you have to concede that market forces in crypto don’t always follow traditional finance models.

Obsidian - it blows my mind that you are asking these questions. Have we really been having this entire discussion without you understanding the core distinctions between "Bitcoin" and "Crypto"? Do you know what the phase "Bitcoin, not crypto" is intended to convey? Seriously???

Eth is a utility token. It is a stake in a project, where the token had value because of the utility it gives access to. Same with Filecoin, or UniSwap, or Solana, or ChainLink. The tokens in these projects derive their value from what they can purchase. (And in most cases, these tokens were issued in a manner akin to security stakes in a company - hence all the SEC scrutiny over them, vs BTC).

Let's say we have a venture where I offer bus services - and I in turn pay you as a shareholder not in cash, but in bus-tickets. It then becomes very easy to value the business. And when I initially launch the business, I seek an investment from you in cash, and give you an equivalent number of bus tickets in return for your investment in the company. Say it pays out 100,000 bus tickets to "shareholders" in a year from profits, and each ticket is worth $1. And say we value a typical bus business at a PE of 10. That then equates to a market cap of $1m for the business. And indeed, it would make no sense, in the long term, for the bus business to be worth 10m, or 100m, unless of there was somehow massive growth (10x or 100x) legitimately expected. In the long run no-one is going to pay me $10 or $100 for a bus ticket worth $1. In the short term, the market price could be irrational - maybe there is lots of excitement about the busses being upgraded to electric, or being painted pink, or whatever. And maybe we will see some people who are "bus ticket collectors" who are prepared to pay a premium for a ticket (we see this also with fiat currency - some people are prepared to pay a little more for a "collector's note"). But in general, over time, the business value will gravitate to the value of its output. That is why we can see a stock like GameStop bidded up to irrational levels in the short term, and why over time, it will gravitate back to fair value. And so, that is where we also are with ETH, and why (for obvious reasons), its market cap, and the price of its tokens, are falling over time. Initially Eth and other "projects" pretended to have something additional in terms of special technology that justified a valuation at a premium to their utility. That scam has long gone, and the market has degenerated entirely to meme's, which essentially is an acceptance that the entire pitch of a "crypto" having some special value due to technical features was a load of BS all along. It should be very obvious now, that the entire "crypto" space is one of a pump and dump circus casino, where in the long run only the issuers and the exchanges win. (And if you are neither of these, then you are the sucker who is being scammed, whether you know it yet or not).

Next you ask about BTC having no yield, and therefore how it can have value. And that is the whole point - BTC is a store of value asset. It is the hardest, and most superior form of money there is. That is what the market is saying, and that is why BTC has a market cap of around 2 Trillion, vs Eth at 350 Billion (along with an infinite number of other alts). Before that we had gold (also zero yield) vs equities (which do have a yield). It was for this reason that Buffett was so against gold (and now BTC) as an investment - the absence of yield means the asset cannot have any intrinsic value. Hence its only value comes from demand, and the demand for a perfect store of value of global wealth happens to be MASSIVE. BTC's "yield" essentially the gain in value it provides, due to its ability to offset devaluation in fiat currencies.

Eth was promoted in a way which tricked the initial buyers into believing that it could be both a store of value (like BTC), "only better" as it also a utility token at the same time. Many of us laughed at this from the outset, and knew it was nonsense, but, especially during the initial crypto frienzie, many investors really believed this pitch, non-sensical and illogical as it is. That of course has now long been debunked, and ever since the qualities of Eth have been better understood by the market, Eth became valued (along with every other alt) more and more based on the utility it provides, hence its ongoing price divergence to BTC. BTC on the other hand is valued on the money it absorbs, as that is the most important utility feature it's unique characteristics provide.

This is really such a fundamental concept, and if you don't get this, you really do not at all have even the core foundation to understand this space. And I don't mean to say this in a demeaning way - I really believe this lack of understanding may explain your current mindset. Again it blows my mind, but I also believe there others of the GameStop / Wall St bets generation, who also still really don't get this. I didn't picture in this category, but I think I was mistaken. I just didn't pick up on this until now.

Please go and do a little research. Watch the "Eth is going to zero" video I posted a while back. Understand what we mean when we say "Bitcoin, not crypto". Again, it is FUNDAMENTAL, to any "crypto investor" that they understand this concept and the key distinction between BTC and "alts". If you don't, you honestly are pretty much mortally handicapped as an investor right from the very outset.

A video which might explain (and again, do also watch the Eth to zero video).


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 06, 2025, 02:08:19 PM
Quote from: gib on February 06, 2025, 08:34:51 AM
Obsidian - it blows my mind that you are asking these questions. Have we really been having this entire discussion without you understanding the core distinctions between "Bitcoin" and "Crypto"? Do you know what the phase "Bitcoin, not crypto" is intended to convey? Seriously???

Eth is a utility token. It is a stake in a project, where the token had value because of the utility it gives access to. Same with Filecoin, or UniSwap, or Solana, or ChainLink. The tokens in these projects derive their value from what they can purchase. (And in most cases, these tokens were issued in a manner akin to security stakes in a company - hence all the SEC scrutiny over them, vs BTC).

Let's say we have a venture where I offer bus services - and I in turn pay you as a shareholder not in cash, but in bus-tickets. It then becomes very easy to value the business. And when I initially launch the business, I seek an investment from you in cash, and give you an equivalent number of bus tickets in return for your investment in the company. Say it pays out 100,000 bus tickets to "shareholders" in a year from profits, and each ticket is worth $1. And say we value a typical bus business at a PE of 10. That then equates to a market cap of $1m for the business. And indeed, it would make no sense, in the long term, for the bus business to be worth 10m, or 100m, unless of there was somehow massive growth (10x or 100x) legitimately expected. In the long run no-one is going to pay me $10 or $100 for a bus ticket worth $1. In the short term, the market price could be irrational - maybe there is lots of excitement about the busses being upgraded to electric, or being painted pink, or whatever. And maybe we will see some people who are "bus ticket collectors" who are prepared to pay a premium for a ticket (we see this also with fiat currency - some people are prepared to pay a little more for a "collector's note"). But in general, over time, the business value will gravitate to the value of its output. That is why we can see a stock like GameStop bidded up to irrational levels in the short term, and why over time, it will gravitate back to fair value. And so, that is where we also are with ETH, and why (for obvious reasons), its market cap, and the price of its tokens, are falling over time. Initially Eth and other "projects" pretended to have something additional in terms of special technology that justified a valuation at a premium to their utility. That scam has long gone, and the market has degenerated entirely to meme's, which essentially is an acceptance that the entire pitch of a "crypto" having some special value due to technical features was a load of BS all along. It should be very obvious now, that the entire "crypto" space is one of a pump and dump circus casino, where in the long run only the issuers and the exchanges win. (And if you are neither of these, then you are the sucker who is being scammed, whether you know it yet or not).

Next you ask about BTC having no yield, and therefore how it can have value. And that is the whole point - BTC is a store of value asset. It is the hardest, and most superior form of money there is. That is what the market is saying, and that is why BTC has a market cap of around 2 Trillion, vs Eth at 350 Billion (along with an infinite number of other alts). Before that we had gold (also zero yield) vs equities (which do have a yield). It was for this reason that Buffett was so against gold (and now BTC) as an investment - the absence of yield means the asset cannot have any intrinsic value. Hence its only value comes from demand, and the demand for a perfect store of value of global wealth happens to be MASSIVE. BTC's "yield" essentially the gain in value it provides, due to its ability to offset devaluation in fiat currencies.

Eth was promoted in a way which tricked the initial buyers into believing that it could be both a store of value (like BTC), "only better" as it also a utility token at the same time. Many of us laughed at this from the outset, and knew it was nonsense, but, especially during the initial crypto frienzie, many investors really believed this pitch, non-sensical and illogical as it is. That of course has now long been debunked, and ever since the qualities of Eth have been better understood by the market, Eth became valued (along with every other alt) more and more based on the utility it provides, hence its ongoing price divergence to BTC. BTC on the other hand is valued on the money it absorbs, as that is the most important utility feature it's unique characteristics provide.

This is really such a fundamental concept, and if you don't get this, you really do not at all have even the core foundation to understand this space. And I don't mean to say this in a demeaning way - I really believe this lack of understanding may explain your current mindset. Again it blows my mind, but I also believe there others of the GameStop / Wall St bets generation, who also still really don't get this. I didn't picture in this category, but I think I was mistaken. I just didn't pick up on this until now.

Please go and do a little research. Watch the "Eth is going to zero" video I posted a while back. Understand what we mean when we say "Bitcoin, not crypto". Again, it is FUNDAMENTAL, to any "crypto investor" that they understand this concept and the key distinction between BTC and "alts". If you don't, you honestly are pretty much mortally handicapped as an investor right from the very outset.

A video which might explain (and again, do also watch the Eth to zero video).


I get where you're coming from, but there are major flaws in your argument.

First, your bus ticket analogy oversimplifies Ethereum’s value proposition. ETH is not just a utility token used to pay for transactions—it’s also an economic security mechanism. Staked ETH secures the network, and validators earn fees, meaning ETH holders can derive yield from the protocol itself. That’s fundamentally different from a simple "bus ticket" system.

You argue that Ethereum was falsely presented as both a store of value and a utility asset—but why can’t it be both? Traditional assets often serve multiple roles. Gold is a store of value but also has industrial utility. Apple stock is an investment but also gives governance rights. The idea that ETH must be strictly one thing or the other is a false binary.

Now, let’s talk about BTC’s valuation. You say Bitcoin’s value comes from being the hardest form of money, but that alone doesn’t justify its $2T market cap. If BTC is purely a store of value, its price still depends entirely on demand, just like gold (which has significantly more history as a store of value). Yet, BTC has dramatically outperformed gold. Why? If Bitcoin’s primary function is storing wealth, what gives it the unique ability to accrue value at such a higher rate than other non-yielding assets?

Bitcoin’s market value is still speculative—it grows because people expect more adoption and demand in the future, which is no different from how Ethereum’s price is influenced by network activity and usage. You dismiss ETH’s role in decentralized finance, staking, and security, yet you’re okay with BTC’s valuation being based on faith that people will keep storing value in it indefinitely?

At the end of the day, both BTC and ETH derive their value from market consensus—BTC from its role as digital gold, and ETH from its utility in a decentralized financial ecosystem. Pretending Bitcoin is completely separate from "crypto" ignores the fact that it also shares speculative and network-driven value dynamics with everything else in the space.

So, I get the "Bitcoin, not crypto" mentality, but it’s not as airtight as you make it seem. If you really believe BTC is superior, you should be able to defend its value proposition without needing to misrepresent what Ethereum actually does.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 06, 2025, 02:15:42 PM
Quote from: gib on February 06, 2025, 08:34:51 AM

From a channel called "Simply Bitcoin". Hello, Echo Chamber!

Yes Bitcoin currently dominates the crypto market cap. It is not a given that it will remain that way.

What's your response to Justin Drake's comment that the BTC security ratio is 200-to-1, a $2T asset secured by $10B of economic security?

Quote
IMO the Bitcoin blockchain is cooked. It takes roughly $10B and access to 10GW to permanently 51% attack Bitcoin. The cost is peanuts for nation states. As for the power, Texas—a single state of a single country—can produce 80GW. The BTC security ratio is 200-to-1, it's a $2T asset secured by $10B of economic security.

ETH's security ratio is much better IMO. It has a higher economic security on a smaller market cap!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: OlympiaGym on February 07, 2025, 02:24:18 PM
https://www.fxstreet.com/cryptocurrencies/news/blackrock-doubles-down-on-bitcoin-with-a-5-stake-in-strategy-202502072140
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 07, 2025, 05:20:59 PM
Hopium?!

(https://pbs.twimg.com/media/GjF6sFBXIAAogq_?format=jpg&name=medium)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on February 07, 2025, 06:12:37 PM
Wow the human psyche is a terrible thing to taste
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 07, 2025, 10:14:01 PM
Quote from: obsidian on February 07, 2025, 05:20:59 PM
Hopium?!

(https://pbs.twimg.com/media/GjF6sFBXIAAogq_?format=jpg&name=medium)


The problem ETH faces is layer 2 degeneracy. Layer 2s soaking up the inbound capital.

1M tokens created each week. They kill the network. I warned of this years ago and everyone laughed at me.

You have to wait for Vitalik to make a change to the network.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 08, 2025, 04:04:28 AM
Quote from: Mayday on February 07, 2025, 10:14:01 PM

1M tokens created each week.

Yep - That's the risk you take when you dabble in shitcoinery, and don't understand what "Bitcoin, not crypto" means. There was a guy around half a year on this thread who got so angry at me for pointing how alts will not in the long term outperform BTC, and explaining why Eth and other alts are securities. He cited all sorts of alts he held which "went up" as some kind of "defence" to the points I was making. He's all quiet now. As I said at the time, "lessons will be learned". And now, I suspect indeed they were...

If you dabble in shitcoinery with a hope of trying to outperform BTC, in the hope that in the end you will have more BTC than if you had just bought and hodled BTC from the outset - that is a very dangerous game, and you are kidding yourself if you think you can reliably do this...

We have BTC going to USD 1m. Opportunity to set yourself up for life if you just stack and chill - and still, there are fools who think "alts" are the road to acquiring more BTC or instant wealth. Its insane, and I am not sure whether to feel sorry for this people, or whether I should continue to try to warn and educate.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 08, 2025, 12:13:21 PM
Quote from: Mayday on February 07, 2025, 10:14:01 PM

The problem ETH faces is layer 2 degeneracy. Layer 2s soaking up the inbound capital.

1M tokens created each week. They kill the network. I warned of this years ago and everyone laughed at me.

You have to wait for Vitalik to make a change to the network.
The 1M tokens are mostly coming out on Solana. Vitalik has nothing to do with that.

Ethereum's goal is to remain decentralized and allow validators to run on reasonable hardware and bandwidth, with reasonable storage requirements. Solana is designed to run of enterprise hardware. The chain is over 300TB large. You can't run that on home hardware. I have a big ass NAS with (18) 12 TB drives and the Solana chain won't even fit on that. Solana needs 10 gigabit connections to run. That prevents it from being decentralized. It can only be centralized. How many people have 10 gigabit connections?

Meanwhile, you can run Ethereum validators on a Raspberry PI. And they are working on allowing cellphones to become validators.

Decentralization is important because it makes the system more robust against attacks. This is why banks and Sony are deploying on Ethereum L2s. It does not go offline like Solana, the L2s inherit Ethereum's L1 security, and they can at least have some control over their L2. If they try to deploy on Solana L1 they lose that control and they have to count on transactions failures if the latest MEME coin launches.

Here's a post on Reddit that explains why the ETH L1 was not scaled because of the preference for decentralization:

Quote
It always was and still is the goal to scale the L1, but scaling the L1 is more difficult than scaling through rollups, so it takes more time. If you would have increased the L1 throughput by 4-8 times many years ago we would have had the following issues.

State and history size: We would be in the range of 4-12 TB of disk usage. Not that easy to find good nvme ssds in that size range. Until 8 TB there are options, but only recently there are consumer options. If you need to go above 8 TB there are only server grade ones and they cost an arm and a leg.

SSD speed: Already nowadays you need good ssds to have a good attestation efficiency. With state being 4-8 times bigger you probably need some of the best ones out there, or even store most of the state in RAM like solana is doing. Not cheap to build a machine like that.

CPU usage. With a small state and the current number of transactions per block we can easily validate a block within the few seconds we have. If you increase the block size the validation time jumps linearly at first and when the state size grows over time the validation time grows superlinear in the long term. Just a few years ago we could not handle that. Nowadays a mainnet block takes a few hundred milliseconds to validate on consumer hardware so we could easily increase it maybe by a factor of 2-4 at the moment by just looking at CPU usage.

Bandwidth: That is the most difficult one to judge. We already know that 10Mbps upload speeds have issues publishing self built blocks. Currently even in the developed world huge parts have upload speeds of 20Mbps-30Mbps, so there is a limit how much you can grow a block before you hit that limit.

All these factors together limit the scope of how much you can scale L1 while still keeping the chain decentralized in the sense that home stakers can participate. Sure, we could go the server chain route and Polygon POS and Binance smart chain have shown that you can easily increase throughput by an order of magnitude if you do that. but Ethereum wants to be the global and neutral settlement layer so it takes decentralization and resilience road instead short term maximum throughput road. If a chain cannot be validated by a large group of unsophisticated actors anymore it becomes a chain that you have to trust intermediaries to not take your wealth from you.

So, realistically we can probably safely increase the block size after pectra by a factor of 2, if you are adventurous a large factor is possible, but we probably better wait for upgrades which tackle the problems above.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 08, 2025, 12:27:33 PM
Quote from: gib on February 08, 2025, 04:04:28 AM
Yep - That's the risk you take when you dabble in shitcoinery, and don't understand what "Bitcoin, not crypto" means. There was a guy around half a year on this thread who got so angry at me for pointing how alts will not in the long term outperform BTC, and explaining why Eth and other alts are securities. He cited all sorts of alts he held which "went up" as some kind of "defence" to the points I was making. He's all quiet now. As I said at the time, "lessons will be learned". And now, I suspect indeed they were...

If you dabble in shitcoinery with a hope of trying to outperform BTC, in the hope that in the end you will have more BTC than if you had just bought and hodled BTC from the outset - that is a very dangerous game, and you are kidding yourself if you think you can reliably do this...

We have BTC going to USD 1m. Opportunity to set yourself up for life if you just stack and chill - and still, there are fools who think "alts" are the road to acquiring more BTC or instant wealth. Its insane, and I am not sure whether to feel sorry for this people, or whether I should continue to try to warn and educate.
The problem is BTC's security ratio is 200-to-1, a $2T asset secured by $10B of economic security. You can permanently attack 51% with less than $10 billion. To attack ETH would require more than 10x that, maybe 100x. An attacker would drive up the price of ETH as they try to purchase over 17 million ETH - 14% of the supply, to try and overcome the staking base. As they buy more and more the price would go up and up because of supply / demand dynamics. Then besides that, they need to configure staking validators. 500,000 or more. That will take a lot of time, hardware, and require a lot of people to pull off.

So you call ETH a shitcoin when it has better security than Bitcoin.

What happens if it goes to a $20 trillion market cap and miner rewards are 1/8th or 1/16th of what they are now? You could end up with a security ratio of 1000-to-1 or more. If BTC is by then a strategic reserve of the US, what prevents the US's enemies from attacking the network?

BTC's hashrate keeps going up, but that's because the ASIC miners are getting more and more powerful. And all miners have access to these new ASICs. So the number gets higher, but BTC mining does not become more decentralized. The opposite happens. It becomes more centralized.

An analogy would be one guy in the neighborhood has an expensive 1000 HP car, and everyone else drives a 100 HP car. He is the fastest. But then a cheap 1000 HP car is released and now everyone drives one.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on February 08, 2025, 01:17:18 PM
Ethereum is an utterly unreformable blockchain. It is ultra-centralized because it relies entirely on Vitalik Buterin. The day he disappears or goes insane (which already seems to be happening), Ethereum will collapse. It is the only blockchain so dependent on its creator, except perhaps TRON with Justin Sun to a lesser extent.

Moreover, Ethereum is being drained by around a hundred ultra-centralized layer 2s with horrible tokenomics, siphoning all the value away from the main network. This fragmentation weakens Ethereum even further, making its future uncertain compared to more robust and independent blockchains.

In contrast, Solana is a company offering a full suite of Web3 solutions, capable of fixing its weaknesses at an incredible speed, creating innovative products, and generating billions in revenue while maintaining a robust network. It has processed $10 billion in transactions within 24 hours—equivalent to 25% of NASDAQ’s daily volume—demonstrating its unmatched efficiency and scalability.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 08, 2025, 03:43:27 PM
Quote from: obsidian on February 08, 2025, 12:13:21 PM
The 1M tokens are mostly coming out on Solana. Vitalik has nothing to do with that.

There were around 9k ERC20 tokens in 2021. There are over 1.4M now……

I warned of dilution and you got it 100 fold.

But you think adding 100x more tokens and the price going nowhere while being round tripped of 8yr gains to BTC has no correlation?

This is why you have been massively wrong the past few years. The network is fucked. Layer 2 made 5M in fees meanwhile ETH did 400k. Degens are sucking it dry and you think that is has no impact.

You’ll see…. The network will make a HUGE change to kill off the Degens. Until then, max pain is watching everything else run while you bleed.

The only bet is ‘muh President holds ETH’…. you don’t know his timeframe…..
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 08, 2025, 11:49:43 PM
Quote from: French on February 08, 2025, 01:17:18 PM
Ethereum is an utterly unreformable blockchain. It is ultra-centralized because it relies entirely on Vitalik Buterin. The day he disappears or goes insane (which already seems to be happening), Ethereum will collapse. It is the only blockchain so dependent on its creator, except perhaps TRON with Justin Sun to a lesser extent.

Moreover, Ethereum is being drained by around a hundred ultra-centralized layer 2s with horrible tokenomics, siphoning all the value away from the main network. This fragmentation weakens Ethereum even further, making its future uncertain compared to more robust and independent blockchains.

In contrast, Solana is a company offering a full suite of Web3 solutions, capable of fixing its weaknesses at an incredible speed, creating innovative products, and generating billions in revenue while maintaining a robust network. It has processed $10 billion in transactions within 24 hours—equivalent to 25% of NASDAQ’s daily volume—demonstrating its unmatched efficiency and scalability.
Ok Professor Anatoly.

Solana has two founders. Ever heard of Anatoly Yakovenko?! Your argument that Ethereum relies entirely on Vitalik Buterin is like saying Solana relies entirely on Yakovenko. Ethereum will be fine if Vitalik kicked the bucket or even quit. He has actually considered quitting due to all the hate directed at the ETH Foundation and Ethereum in general. Good for him to go on. It's absolutely disgusting. They even received death threats. Shows you how threatened people feel by them. At least the ETH Foundation is transparent about their cash flow. Find me a source about how much the Solana Founders have cashed out of SOL? I looked and it appears they are not very transparent. Shady like Zelensky who wasted all the US Tax Payer money. They can't even tell Trump where all the money went. Ironic that the Solana founder was also born in Ukraine. That scumbag SBF of FTX was also balls deep in Solana.

You call Solana robust when it has had numerous outages. How many has Ethereum had?

Ethereum's TVL dwarfs Solana or any other chain including Bitcoin.

Is Ethereum perfect? Hell no. Which chain is? They are working on improving. It's a constant effort as it is with Solana working to improve their uptime. At least Vitalik and Anatoly seem to get along and have from time to time shown each other support. Crypto needs to drop the tribalism. The space is big enough for all of us to make money. I don't want to see you or Gib or Mayday lose money but I will defend Ethereum when it is attacked.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 09, 2025, 12:04:16 AM
Quote from: Mayday on February 08, 2025, 03:43:27 PM
There were around 9k ERC20 tokens in 2021. There are over 1.4M now……

I warned of dilution and you got it 100 fold.

But you think adding 100x more tokens and the price going nowhere while being round tripped of 8yr gains to BTC has no correlation?

This is why you have been massively wrong the past few years. The network is fucked. Layer 2 made 5M in fees meanwhile ETH did 400k. Degens are sucking it dry and you think that is has no impact.

You’ll see…. The network will make a HUGE change to kill off the Degens. Until then, max pain is watching everything else run while you bleed.

The only bet is ‘muh President holds ETH’…. you don’t know his timeframe…..
I don't care who's wrong or right. I was optimistic about ETH's price and figured it would have breached $8K already. I underestimated the ETH FUD. My bad! It might even be possible that Ethereum's price is constantly being suppressed for whatever reason. Every time it hit $4k the past year, whales sold off to bring the price down. They could have easily just kept buying like Saylor did with BTC to drive the price up. There has been an organized FUD campaign directed at Ethereum. Reminiscent of the FUD Trump and now Elon have seen. Interesting that Trump is choosing Ethereum because he knows what it's like.

Meanwhile, Bitcoin has been treated like Biden. Very interesting. There is a theory that the TPTB have chosen to prop up Bitcoin with it's low security and at the opportune time let it fail to discredit the entire crypto space. Could be tinfoil BS. But it's insane to think a $2T asset deserves less than a $10B economic security.

You've been wrong yourself. I have no problem to admit when I was wrong. Will you? You called the top of the bull market a year ago, when BTC was approaching the 2021 ATH. If I recall, you said it would hit that mark and then crash and then we are out until 2030. There are so many posts I am not going to look for your post. But I know you said it. You were off the mark.

Gib was also wrong when he claimed they were going to declare ETH a security and that the Spot ETFs will never be approved. As was Saylor. Let's agree we have all been wrong - ok?! LMFAO!

I am curious, where are you getting your 400K fee number? Can you post a source? I just checked Messari and ETH's fees on Jan 19, 2025 were close to $16 million for the day! And Feb 3, 2025 close to $13 million. Most days are over $1 million.

https://messari.io/project/ethereum/charts/fees-and-revenue/chart/fee-tot-usd

Ethereum's TVL dwarfs the other chains at 52.94%. The dominance is the same as it was for parts of 2022. Bitcoin's is only 6.31% and Solana 8.81%.

https://defillama.com/chains
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 09, 2025, 06:18:21 AM
Quote from: obsidian on February 09, 2025, 12:04:16 AM

Gib was also wrong when he claimed they were going to declare ETH a security and that the Spot ETFs will never be approved.

Arg, well now I need to come back to defend myself. I have been RIGHT throughout this thread and I think everyone knows it.

From the beginning, explaining what an important BTC asset was, (when it was at the 3.5K level) back in 2017, to predicting 100K price target by 2025  - (some here laughed at me and mocked my predictions, some got super angry - they were all proven wrong in time), to explaining why we all need to gravitate to BTC (and to why all alts are inherent affinity scams on BTC, to explaining why alts will fail over time to BTC), to calling (and explaining) Eth's eventual downfall. I timed and called the beginning of 2 prior BTC bull cycles PERFECTLY. Absolutely nailed it. Warned against the possibility liquidity driven ETH capitulation, only to see the exact scenario I warned against play out in less then a week after I gave this warning.  I could go on. Ultimately, everyone here can read my views, make their own decisions, and then only have themselves to thank (or blame), for whatever they ultimately decide to do. I can only guide you, and I believe I have done my best in fulfilling this role.

Yes, I explained in the past why ETH is a security, (and by the way it yes IT IS STILL, a security). You need to understand this, if you are to understand how ETH (and other "crypto" differ from BTC).

I explained, numerous times, why, regardless of what the SEC approved, not matter how you package up and wrap a piece of shit - it still remains shit. Whether you call Eth a security or, not, this does not change its core features and characteristics and faults and flaws and weaknesses. I explained numerous times why ETH's security-like issuance and ownership features would lead to its downfall (for obvious reasons), and I was again, 100% correct. I don't have the time to keep repeating this over and over.

Yes, I expressed the view that I didn't think the SEC should approve an ETH ETF (for obvious reasons), and I was right in holding that view. I obviously cannot dictate what the SEC ultimately does - no one can - but I explained that regardless of what the SEC approves or not, no such approval can alter the various qualities and faults ETH has. And that indeed is exactly what has happened.

As for this latest argument from Justin Drake you keep quoting, to me that indicates that you really are now are in the "denial" moving to an eventual "acceptance" phase. Justin is smart (like you), but he is also really a bit of a nut-case. He is an obvious Eth schill, and he (unfortunately for him), was to smart for his own self. And so, he greedily and shortsightedly backed the wrong horse, thinking he could steal BTC's glory and rape its immaculate conception through fraud and deception. Which in the long term, was a tactic always doomed to fail. As fellow Eth founding developer Eric Conner said just last week to Justin's alarmist nonsense:

"Doesn't really seem like the best to poke at BTC after being smoked on the playing field for the last 4 years)". :)

You say "crypto needs to drop tribalism". However, you and many of this de-gen generation, seem to fail to comprehend that wealth, and resources, are scarce and finite. So, we inherently do need tribalism and loyalty for BTC to succeed. Which it will do (for obvious reasons).

If we could all create an infinite number of "better than BTC" cryptos which all went infinitely up, that would be wonderful for some for sure - but this is and always was, a naive pipedream - this not how money, finance, or physics work. When I first studied the feasibility of BTC, I KNEW that tribalism and a relentless defence of BTC as THE GLOBAL STORE OF VALUE had to be essential to BTC's success. This was the biggest single attack vector I identified, and boy did the Eth schills try to exploit it. Which is part of the reason why anyone who truly understands finance and economics and moral philosophy hates ETH for the fraud and theft it tried to pull off. (Basically preying on investor's ignorance and their greed). And that, Obsidian, apart from the fact that I do truly want you and other GetBiggers to succeed, is why I am here to keep setting things straight when I see dangerous and misguided views being expressed.

I remember when Justin was predicting ETH flippening BTC. Didn't happen. BTC now 2T, Eth 300B. And it won't ever happen (for obvious reasons). (What WILL happen is that BTC WILL FLIPPEN GOLD. That is a certainty).

At one point he predicted ETH would outperform BTC by 4x this cycle, and that it would hit $16000 per coin. Didn't happen. Indeed ETH underperformed BTC by 50% in just the last year alone, and indeed it fell below 3K per coin.

He knows ETH has huge problems, but he is now grasping at straws and whataboutisms directed towards BTC in the hope that somehow trying to discredit BTC will help his ETH investment. Reality is that the much touted ETH merge, and the Dancun update for Eth have both been an absolute disaster. It can't be undone, and ETH's sound money narrative it was trying to push against BTC has well and truly and definitively entirely discredited (for obvious reasons). Now - will they fuck up this Frankenstein ETH crypto experiment with the so called Pectra update? Yes, quite possibly. That change will in any case  also come with huge further uncertainty and bring even greater credibility risks t ETH that it already now has. You simply can't be sound money if you change your issuance schedules on a whim. This is the entire problem that BTC was invested to defend against! So, that narrative is totally lost. And it was unfortunately that very narrative of "better sound money than BTC" which ETH investors were betting on when they bought ETH. Which now of course has been proven totally wrong for all to see.

The FUD Justin keeps pushing for BTC eventually being attacked are far-fetched at best. He fails to understand (or at least conveniently fails to acknowledge) both game theory, and the impact of economic incentives. He fails to accept and learn from what happened during the block-size wars. He fails to admit that even in his far-fetched theory, the individual nodes after such a theoretical 51% attack simply will not accept the new illegitimate chain (for obvious reasons). He fails to understand that in the future, as a base layer of money, not only will BTC mining still be highly incentivized, but there will be great money to be made from securing base-layer transactions. When BTC is THE global standard of wealth, fees will be much much higher than they are now. And countries, and financial institutions will be happy to pay for the benefits and security and certainty provided. And he fails to accept that, at the right time, perhaps 20 years from now, BTC owners may  make some very carefully-reasoned tweaks to the code, if certain emerging risks do need to be addressed. (However, one thing that will never change is the BTC issuance rate).

OK - and now I really will take a break. I will read comments occasionally. But I will resist attempts at trolling attempts to bring me back. But I will be back in time, likely to point out Eth has hit a 5 year low to BTC (which will happen, for obvious reasons). :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 11, 2025, 07:55:31 PM
Goldman Sachs just disclosed owning $475 million in Ethereum through BlackRock and Fidelity ETFs—an 1800% increase from $25 million in November 2024.

https://cointelegraph.com/news/goldman-sachs-increase-ether-bitcoin-etf-holdings-q4-2024
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 11, 2025, 10:17:11 PM
Quote from: obsidian on February 09, 2025, 12:04:16 AM

I am curious, where are you getting your 400K fee number? Can you post a source? I just checked Messari and ETH's fees on Jan 19, 2025 were close to $16 million for the day! And Feb 3, 2025 close to $13 million. Most days are over $1 million.

Ethereum's TVL dwarfs the other chains at 52.94%. The dominance is the same as it was for parts of 2022. Bitcoin's is only 6.31% and Solana 8.81%.


My mistake on that one. I read something incorrectly and it was layer 2 fees were 5M on 400k costs. My bad.

As for targets, I said at 74k I wouldn’t do it again given I only copped grief. Even posted I bought after. I even posted my correlation levels I used from years ago and it nailed the moves. My last event window nailed it. This one also nailing it with tariffs and govt abolishment. Yet 98% of people can’t be helped no matter what, they get stuck on something and divert to their own storyline. Happens to me aswell sometimes. Maybe it’s just a human thing? A matrix thing?

GiB has nailed a fair few things. Nobody gives him credit either. I play a good devils advocate, whether he realises that I don’t know but I have a lot of respect and it will be admiration worthy if he cracks 50M.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 12, 2025, 08:26:17 AM
Trump-Backed World Liberty Financial Introduces ‘Macro Strategy’ Token Reserve

''Our strategic token reserve designed to bolster leading projects like Bitcoin, Ethereum, and other cryptocurrencies that are at the forefront of reshaping global finance.''

''In alignment with our mission to bridge traditional finance and decentralized finance, we are actively engaging with esteemed financial institutions to contribute tokenized assets to our reserve,'' WLFI stated.

https://beincrypto.com/world-liberty-financial-macro-strategy-token-reserve/


Probably explains the MicroStrategy name change to 'Strategy B'  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 12, 2025, 09:28:24 AM
Tether Chooses Ethereum L2 Arbitrum for Cross-Chain USDT Infrastructure

Tether has picked Layer 2 Ethereum protocol Arbitrum to provide the infrastructure for its new cross-chain initiative, Legacy Mesh.

The news follows Tether’s launch of a new token, dubbed USDT0, in mid-January to facilitate smoother cross-chain transfers of USDT outside of blockchains that already support it. The aim was to do it without needing to use techniques like wrapping tokens or blockchain bridges.

USDT0 is pegged one-to-one with Tether’s flagship stablecoin, USDT. It's currently the world’s largest stablecoin with a market cap of $141 billion according to CoinGecko. It runs on LayerZero’s Omnichain Fungible Token (OFT) standard, which has been used by other stablecoins such as PayPal’s USD stablecoin, PYUSD.

The Arbitrum blockchain will act as a “hub chain,” connecting the USDT and USDT0 networks. Through it, USDT deployments on Arbitrum, Ethereum, Tron, Ton, Ink, and Berachain will link back to a unified USDT0 network.


https://decrypt.co/305633/tether-ethereum-l2-arbitrum-usdt-infrastructure
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 12, 2025, 02:54:06 PM
Quote from: Griffith on February 12, 2025, 08:26:17 AM
Trump-Backed World Liberty Financial Introduces ‘Macro Strategy’ Token Reserve

''Our strategic token reserve designed to bolster leading projects like Bitcoin, Ethereum, and other cryptocurrencies that are at the forefront of reshaping global finance.''

''In alignment with our mission to bridge traditional finance and decentralized finance, we are actively engaging with esteemed financial institutions to contribute tokenized assets to our reserve,'' WLFI stated.

https://beincrypto.com/world-liberty-financial-macro-strategy-token-reserve/


Probably explains the MicroStrategy name change to 'Strategy B'  ;D
Interesting. I think MicroStrategy rebranding as "Strategy B" was a good move. It's shorter and more straightforward. It's similar to how the Napster guy (Sean Parker) told Zuckerberg to drop "The" from Facebook. No brainer.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 12, 2025, 02:57:26 PM
Quote from: Mayday on February 11, 2025, 10:17:11 PM
My mistake on that one. I read something incorrectly and it was layer 2 fees were 5M on 400k costs. My bad.

As for targets, I said at 74k I wouldn’t do it again given I only copped grief. Even posted I bought after. I even posted my correlation levels I used from years ago and it nailed the moves. My last event window nailed it. This one also nailing it with tariffs and govt abolishment. Yet 98% of people can’t be helped no matter what, they get stuck on something and divert to their own storyline. Happens to me aswell sometimes. Maybe it’s just a human thing? A matrix thing?

GiB has nailed a fair few things. Nobody gives him credit either. I play a good devils advocate, whether he realises that I don’t know but I have a lot of respect and it will be admiration worthy if he cracks 50M.
Yes, Gib deserves credit for being right with BTC so far. My take is this story is far from over between ETH and BTC. It is a marathon and won't be settled for a few years or even decades.

You've also got some things right. I don't have a financial background and live in the engineering and creator world. But I do find the crypto space fascinating and am learning shit daily about it all.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 15, 2025, 03:23:29 AM
Companies building on Ethereum:

(https://pbs.twimg.com/media/GjxAxDEWUAAVm4k?format=jpg&name=large)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 15, 2025, 04:22:11 AM
Quote from: Griffith on February 15, 2025, 03:23:29 AM
Companies building on Ethereum:

(https://pbs.twimg.com/media/GjxAxDEWUAAVm4k?format=jpg&name=large)
I was just going to post that - you beat me to it - lol!

Ethereum’s Adoption Is Deeper Than We Think And Criminally Under-estimated
https://www.reddit.com/r/ethtrader/comments/1iptemz/ethereums_adoption_is_deeper_than_we_think_and/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 15, 2025, 04:50:15 AM
BlackRock Acquires $12 Million Worth of Ethereum

On February 14, 2025, BlackRock, one of the world's largest asset management firms, made a significant purchase of $12 million worth of Ethereum (ETH).

https://blockchain.news/flashnews/blackrock-acquires-12-million-worth-of-ethereum
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 15, 2025, 03:23:30 PM
Perhaps in the future all BTC will be tokenized on Ethereum - to solve the economic security dilemma of Bitcoin.  ;D

Bitcoin can be tokenized on the Ethereum blockchain as ERC-20 tokens. These tokens allow users to make transactions on the Ethereum network denominated in bitcoin. Wrapped Bitcoin (wBTC) is an example of a tokenized Bitcoin on Ethereum

Tokenized Bitcoin on Ethereum Explained

Explain Like I'm Five (ELI5)

Tokenized Bitcoin is a way to use bitcoin on other blockchains.

But wait, isn’t Bitcoin great already? Indeed it is! It has a solid use case, and it already acts as a kind of public good. At the same time, its purposely limited features leave little room for further innovation.

What else could we do with Bitcoin? Some Bitcoiners say we shouldn’t do anything in particular, and that’s reasonable. Then again, others believe we should find ways to use Bitcoin on other blockchains. And this is where we arrive at tokenized BTC on Ethereum.

https://academy.binance.com/en/articles/tokenized-bitcoin-on-ethereum-explained/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on February 15, 2025, 11:05:41 PM
NYSE and CBOE seeking approval for Ethereum ETF Staking.

Applications from Greyscale and 21Shares.

Grayscale said that staking would improve its spot Ether ETFs’ creation and redemption process, efficiency, and provide more significant benefits to investors. According to crypto exchange Coinbase, the estimated staking reward rate for Ether is 2.06%.

The news follows Consensys founder Joe Lubin’s recent prediction that regulators will soon allow Ethereum ETFs to engage in staking. Consensys is among the key players in the Ethereum ecosystem, founded by Ethereum co-founder Joseph Lubin.

During a recent interview, Lubin said that Consensys has “been in discussions with the ETF providers, and they’re already working hard on [staking implementation], so they expect that to be greenlit reasonably soon.”

https://cointelegraph.com/news/grayscale-spot-ether-etf-staking-proposal-united-states-nyse

https://readwrite.com/cboe-seeks-sec-approval-for-staking-in-21shares-ethereum-etfs/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 16, 2025, 05:33:44 PM
Soylana catching some heat! Chain of the video gamers and kids 8-25. The Soylana House is taking all the fees and wrecking the meme traders.

Always found it suspicious that a scammer like SBF would be balls deep in Soylana.

https://u.today/top-analyst-claims-solana-is-facing-hate-after-tarnishing-its-reputation

Top Analyst Claims Solana Is Facing Hate After Tarnishing Its Reputation

DonAlt, a prominent pseudonymous cryptocurrency pundit with more than 650,000 followers, believes that Solana has gone from "beloved" to "hated" quickly after its reputation has been tarnished. "SOL went from beloved to hated quickly only because everyone on the chain lost all their money to scams," he said.  As noted by DonAlt, there were many voices who had some concerns about "a scam" culture on the chain during the early stages of its development. However, these concerns were largely ignored by the community due to the fact that they helped to inflate numbers, thus making the ecosystem way more prominent.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 17, 2025, 12:42:08 AM


Dude sits on Hollywood sign to pump his bags!

If this is pre alt season, surely peak must be chopping off body parts? 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 18, 2025, 01:22:37 AM
Coming back to this from my model in 2020 where I had Gold topping in 2025.

Now magically we are starting to hear Gold is missing from vaults.

Can’t make this shit up. Gold topping top out this year. This also now lines up with the end of CPI inflationary waves. I ran 3 wave model, first wave bang on but a trump got elected and I abandoned it and went to lowering inflation model.

The 2 go hand in hand. Once CPi tops out, Gold tops, rates top, we all go down. I had a Gold cycle top at 3,100-3,300. Let’s see how this goes, people are crazy bullish Gold and I’m taking the other side. I say if Gold is missing, why the fuck would they reprice higher and buy it back, they’ll short it into the dirt IMO.

Or even better, what if it turns out the US has seized oodles of Gold the past 50yrs? They discover they are sitting on huge piles of Gold, Trump then says why did they hoard it when we have all this debt? He then states the US will sell the agile to help pay off US debt. We then see Gold top out while also  breaking the correlation to BTC.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 20, 2025, 10:56:12 PM

This one thing does more than reading 1,000 useless crypto articles.

BTC is going up as the market will begin the final risk on move and absolutely melt anyone bearish!

Timing moved to my peak cycle estimate.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 23, 2025, 04:28:27 AM
This could all be copium - but interesting theory. Saw this on Reddit:

(https://preview.redd.it/the-reason-eth-is-pumping-v0-r4iwy4thuuke1.jpeg?width=1080&crop=smart&auto=webp&s=2763bad114cc611fd6de9666465062058b79d9c5)

Here's an interesting theory by another poster:

Quote
This isn't the reason ETH is pumping, but it's the reason ETH will pump this week:

Bybit is buying OTC, which isn't currently affecting the price

Bybit has only been able to acquire around 15% of the ETH they need

If Bybit cannot acquire the remaining ETH by Monday morning at market open, ETH ETF orders, which are conducted OTC, will start bidding against Bybit

Once an OTC bidding war starts, exchange prices will rapidly rise

Shorts get liquidated and are forced to buy ETH

People start to FOMO in

This whole scenario has the potential to cause ETH to 3x over the coming week. I could be wrong, but this "almost black swan" could lead to an actual supply squeeze.

If you want this to happen, pull your keys off exchanges immediately. CEXs use fractional reserves - the less ETH on exchange, the better. CEXs use your other coins as leverage to take out loans. Store everything in your wallets.

I am not a financial advisor. DYOR

As a side note, Kraken experienced a supply crunch today and suddenly jumped from 2800 to 3000 because there was no ETH available at market price.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 23, 2025, 04:31:57 AM
Here's a link to the wallet addresses of the Bybit hackers. They split the loot into forty 10,000 ETH wallets. These addresses have been blacklisted by most exchanges. We'll see what happens here. There have been calls to roll back the chain or even burn the stolen ETH.

https://etherscan.io/txs?a=0x47666fab8bd0ac7003bce3f5c3585383f09486e2&f=2
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 23, 2025, 04:40:58 AM
The hackers used a funny ENS name.  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 23, 2025, 05:32:40 PM
Quote from: obsidian on February 23, 2025, 04:31:57 AM
Here's a link to the wallet addresses of the Bybit hackers. They split the loot into forty 10,000 ETH wallets. These addresses have been blacklisted by most exchanges. We'll see what happens here. There have been calls to roll back the chain or even burn the stolen ETH.

https://etherscan.io/txs?a=0x47666fab8bd0ac7003bce3f5c3585383f09486e2&f=2

Crypto doing exactly as it’s designed to do, take away privacy and make everything traceable.

Interesting that people immediately call for rolls backs and burnings yet it never occurs to them the entire movement is traceable unless it hits a non-KYC exchange to bank transfer.

The country who allows the laundering will be out in the open. Enter the US who wants to control crypto and the US could simply sanction said country. So maybe, nobody wants to launder the money due to the risk involved, or maybe they do it and the US hits them at some point with sanctions.

So if Korea starts to launder through China, we all see it.

I assume the exchanges are always involved. When was the last time your bank account got hacked? Never. Yet crypto exchanges lose shit all the time, it’s insiders.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 23, 2025, 10:15:50 PM

But it’s muh president’s own memecoin.

Rugged so hard it’s price is now less than the opening.

The 3AC guys just got their new exchange liquidated.

Kanye West sold his account for 17M to rug pullers.

All social media grifters claiming alt season pump is here, meanwhile everyone is being lead to a slaughterhouse.

The president will win in the end but like I said, we don’t know his timeline. One should be open to a bleedout in 2024-26 with a peak in 2027.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 25, 2025, 01:57:52 AM
Quote from: gib on February 09, 2025, 06:18:21 AM
Arg, well now I need to come back to defend myself. I have been RIGHT throughout this thread and I think everyone knows it.

From the beginning, explaining what an important BTC asset was, (when it was at the 3.5K level) back in 2017, to predicting 100K price target by 2025  - (some here laughed at me and mocked my predictions, some got super angry - they were all proven wrong in time), to explaining why we all need to gravitate to BTC (and to why all alts are inherent affinity scams on BTC, to explaining why alts will fail over time to BTC), to calling (and explaining) Eth's eventual downfall. I timed and called the beginning of 2 prior BTC bull cycles PERFECTLY. Absolutely nailed it. Warned against the possibility liquidity driven ETH capitulation, only to see the exact scenario I warned against play out in less then a week after I gave this warning.  I could go on. Ultimately, everyone here can read my views, make their own decisions, and then only have themselves to thank (or blame), for whatever they ultimately decide to do. I can only guide you, and I believe I have done my best in fulfilling this role.

Yes, I explained in the past why ETH is a security, (and by the way it yes IT IS STILL, a security). You need to understand this, if you are to understand how ETH (and other "crypto" differ from BTC).

I explained, numerous times, why, regardless of what the SEC approved, not matter how you package up and wrap a piece of shit - it still remains shit. Whether you call Eth a security or, not, this does not change its core features and characteristics and faults and flaws and weaknesses. I explained numerous times why ETH's security-like issuance and ownership features would lead to its downfall (for obvious reasons), and I was again, 100% correct. I don't have the time to keep repeating this over and over.

Yes, I expressed the view that I didn't think the SEC should approve an ETH ETF (for obvious reasons), and I was right in holding that view. I obviously cannot dictate what the SEC ultimately does - no one can - but I explained that regardless of what the SEC approves or not, no such approval can alter the various qualities and faults ETH has. And that indeed is exactly what has happened.

As for this latest argument from Justin Drake you keep quoting, to me that indicates that you really are now are in the "denial" moving to an eventual "acceptance" phase. Justin is smart (like you), but he is also really a bit of a nut-case. He is an obvious Eth schill, and he (unfortunately for him), was to smart for his own self. And so, he greedily and shortsightedly backed the wrong horse, thinking he could steal BTC's glory and rape its immaculate conception through fraud and deception. Which in the long term, was a tactic always doomed to fail. As fellow Eth founding developer Eric Conner said just last week to Justin's alarmist nonsense:

"Doesn't really seem like the best to poke at BTC after being smoked on the playing field for the last 4 years)". :)

You say "crypto needs to drop tribalism". However, you and many of this de-gen generation, seem to fail to comprehend that wealth, and resources, are scarce and finite. So, we inherently do need tribalism and loyalty for BTC to succeed. Which it will do (for obvious reasons).

If we could all create an infinite number of "better than BTC" cryptos which all went infinitely up, that would be wonderful for some for sure - but this is and always was, a naive pipedream - this not how money, finance, or physics work. When I first studied the feasibility of BTC, I KNEW that tribalism and a relentless defence of BTC as THE GLOBAL STORE OF VALUE had to be essential to BTC's success. This was the biggest single attack vector I identified, and boy did the Eth schills try to exploit it. Which is part of the reason why anyone who truly understands finance and economics and moral philosophy hates ETH for the fraud and theft it tried to pull off. (Basically preying on investor's ignorance and their greed). And that, Obsidian, apart from the fact that I do truly want you and other GetBiggers to succeed, is why I am here to keep setting things straight when I see dangerous and misguided views being expressed.

I remember when Justin was predicting ETH flippening BTC. Didn't happen. BTC now 2T, Eth 300B. And it won't ever happen (for obvious reasons). (What WILL happen is that BTC WILL FLIPPEN GOLD. That is a certainty).

At one point he predicted ETH would outperform BTC by 4x this cycle, and that it would hit $16000 per coin. Didn't happen. Indeed ETH underperformed BTC by 50% in just the last year alone, and indeed it fell below 3K per coin.

He knows ETH has huge problems, but he is now grasping at straws and whataboutisms directed towards BTC in the hope that somehow trying to discredit BTC will help his ETH investment. Reality is that the much touted ETH merge, and the Dancun update for Eth have both been an absolute disaster. It can't be undone, and ETH's sound money narrative it was trying to push against BTC has well and truly and definitively entirely discredited (for obvious reasons). Now - will they fuck up this Frankenstein ETH crypto experiment with the so called Pectra update? Yes, quite possibly. That change will in any case  also come with huge further uncertainty and bring even greater credibility risks t ETH that it already now has. You simply can't be sound money if you change your issuance schedules on a whim. This is the entire problem that BTC was invested to defend against! So, that narrative is totally lost. And it was unfortunately that very narrative of "better sound money than BTC" which ETH investors were betting on when they bought ETH. Which now of course has been proven totally wrong for all to see.

The FUD Justin keeps pushing for BTC eventually being attacked are far-fetched at best. He fails to understand (or at least conveniently fails to acknowledge) both game theory, and the impact of economic incentives. He fails to accept and learn from what happened during the block-size wars. He fails to admit that even in his far-fetched theory, the individual nodes after such a theoretical 51% attack simply will not accept the new illegitimate chain (for obvious reasons). He fails to understand that in the future, as a base layer of money, not only will BTC mining still be highly incentivized, but there will be great money to be made from securing base-layer transactions. When BTC is THE global standard of wealth, fees will be much much higher than they are now. And countries, and financial institutions will be happy to pay for the benefits and security and certainty provided. And he fails to accept that, at the right time, perhaps 20 years from now, BTC owners may  make some very carefully-reasoned tweaks to the code, if certain emerging risks do need to be addressed. (However, one thing that will never change is the BTC issuance rate).

OK - and now I really will take a break. I will read comments occasionally. But I will resist attempts at trolling attempts to bring me back. But I will be back in time, likely to point out Eth has hit a 5 year low to BTC (which will happen, for obvious reasons). :)

OK, well I said I would be back to point out when Eth has hit a 5 year low to BTC, which I explained would happen for obvious reasons. And now it has...

I take no great pleasure or relish in being right. I just hope my comments benefitted some, and hopefully benefit others going forwards. And do to genuinely feel for anyone in "alts". But as I have said thought this thread, there is only so much I can do, and lessons will unfortunately and enviably be learned...

What happens next? Eth will hit a 6 year low to BTC, (for obvious reasons). No one can predict exactly when that will occur, but I think that this new lowpoint will very likely occur some time over the next 12 months. I will be back to point this out, when it happens...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on February 25, 2025, 02:17:33 AM
That's it - the Trump effect squibbed, the bubble is popping at this very moment; get out as long as you can.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 25, 2025, 03:07:27 AM
Quote from: gib on February 25, 2025, 01:57:52 AM
OK, well I said I would be back to point out when Eth has hit a 5 year low to BTC, which I explained would happen for obvious reasons. And now it has...

I take no great pleasure or relish in being right. I just hope my comments benefitted some, and hopefully benefit others going forwards. And do to genuinely feel for anyone in "alts". But as I have said thought this thread, there is only so much I can do, and lessons will unfortunately and enviably be learned...

What happens next? Eth will hit a 6 year low to BTC, (for obvious reasons). No one can predict exactly when that will occur, but I think that this new lowpoint will very likely occur some time over the next 12 months. I will be back to point this out, when it happens...
Go to this site:

https://coinranking.com/

Change timeline to 5 years.

BTC = +842.65%
ETH = +866.89%

So as of right now no, ETH is up more than BTC over 5 years.

Yes BTC had a great run. And ETH could still bleed more. At some point in a few years Bitcoin's flawed economic security will become an issue.

It is possible to manufacture ASICs at $10 per 1 TH/s.

The current total BTC hashrate is 741.40 EH/s.

https://www.coinwarz.com/mining/bitcoin/hashrate-chart

1 EH/s = 1 million TH/s

The attacker would need to control approximately 771.66 EH/s to achieve 51% control of the new total hashrate:
741.40+771.66=1,513.06 EH/s

Let's round it up to 800 EH/s.

That's a manufacturing cost of $8 billion at $10 per 1 TH/s.

The energy would be around 5-6 GW. +/- $20 million per day.

Let's call BTC a $2 trillion asset. So all that is secured by $8 billion and $20 million power per day. That's a ratio of 200:1

It would cost a lot more than $8 billion and change to 51% attack Ethereum.

To execute a 51% attack the attacker would need to buy the entire staked ETH and another 1% on top of that.

There's 33.5 Million Staked ETH.

The attacker needs to stake approximately 34.867 million ETH to achieve 51% control of the new total staked ETH:
33.5+34.867=68.367 million ETH

Let's go low with ETH @ $2,000

If the attacker could buy all the ETH at a spot price of $2,000, it would still cost them $69.734 billion. The problem is, there is no way to get that amount from any exchange. Nobody has that liquidity. They would have to keep buying up ETH for many years, which would drive up the price of ETH. It could end up costing trillions and even then they might not get there. That's the power of a network effect and an increased number of holders.

So Ethereum's economic security is probably more than 10x Bitcoin's. And every 4 years, it will get worse for BTC. You might want to think where your Bitcoin will be decades from now. It might have to find a home as a meme token on Ethereum or another blockchain that does not have a security dilemma.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on February 25, 2025, 03:18:54 AM
Quote from: Mayday on February 23, 2025, 10:15:50 PM
But it’s muh president’s own memecoin.

Rugged so hard it’s price is now less than the opening.

The 3AC guys just got their new exchange liquidated.

Kanye West sold his account for 17M to rug pullers.

All social media grifters claiming alt season pump is here, meanwhile everyone is being lead to a slaughterhouse.

The president will win in the end but like I said, we don’t know his timeline. One should be open to a bleedout in 2024-26 with a peak in 2027.
This is why I say you must be bipolar. You're all over the place.

I have been bullish always actually. You're the one that spelled doom and gloom till 2030. Now you are again saying 2024-2026 is a bleedout.

But less than a month ago you posted this. LMAO! You are confusing the fuck out of people.

Quote from: Mayday on January 31, 2025, 09:38:22 PM
Yes I am sure.

Forget headlines because you can’t quantify the data.

S&P to 7k
Property ATH this year and huge growth in 2026

This is the biggest wealth generating period in your lifetime and you have been bearish the entire time
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on February 25, 2025, 03:43:43 AM
Quote from: French on January 23, 2025, 07:16:50 AM
No Ethereum is not Silver, just an alt in decline and impossible to reform.
the only cryptocurrency considered to be silver is and will be Kaspa.
Solana is in another dimension comparable to an integrated digital web 3 solution company. The equivalent of Microsoft Apple Nvidia Amazon.

How's your Solana investment doin' buddy? You still that enthusiastic about your Solana? ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on February 25, 2025, 08:11:39 AM
$ 86.900
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on February 25, 2025, 02:32:06 PM
Quote from: obsidian on February 25, 2025, 03:18:54 AM
This is why I say you must be bipolar. You're all over the place.

I have been bullish always actually. You're the one that spelled doom and gloom till 2030. Now you are again saying 2024-2026 is a bleedout.

But less than a month ago you posted this. LMAO! You are confusing the fuck out of people.


Yes, S&P to 7k. Property in my area just hit an ATH this week. Been consistent for years on that and made a killing. BTC to 245k based on a change in correlation behaviour to Gold. I am positioned for 2029.

What I posted is Alt related news. Sorry to hear it confuses you. A thread is a discussion, not a place where every post is a prediction or a signal of change of one’s belief. No wonder you (annd maybe others) are getting yourself all confused. You think each post I make is a prediction or a new stance, not the case, it’s just chit chat.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on February 26, 2025, 11:17:35 AM
Quote from: FitnessFrenzy on February 25, 2025, 08:11:39 AM
$ 86.900

$ 84.400 ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on February 26, 2025, 11:50:08 AM
$ 84.000

ouch
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on February 26, 2025, 02:21:41 PM
As I’ve said before this thread is a perplexing look into the male psyche and just how fucked up ones brain processes “logic” when driven by ego and greed.  Fuckin hilarious.  We each are the smartest man/investor we’ve ever known in our own minds but that couldn’t be further from the truth. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: deadz on February 26, 2025, 03:01:10 PM
Ahhh the dreamers and losers thread. Let's hear from all the getbig crypto millionaires. BIG LOL!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 26, 2025, 08:07:44 PM
Lesson here, is "Bitcoin, not crypto".

Every cycle we see people scammed into believing that there is a "better Bitcoin" with the promise of greater gains in value than BTC. And every cycle, lessons are learned...

I just picked up a little more BTC yesterday - always nibble away and add to stack on any sharp downwards move.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on February 26, 2025, 11:43:31 PM
Quote from: gib on February 26, 2025, 08:07:44 PM
Lesson here, is "Bitcoin, not crypto".

Every cycle we see people scammed into believing that there is a "better Bitcoin" with the promise of greater gains in value than BTC. And every cycle, lessons are learned...

I just picked up a little more BTC yesterday - always nibble away and add to stack on any sharp downwards move.

And with every single transaction you're elevating your average buying price, and at one point it will crash down to the extent that you're in the red again. You're a smart one ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on February 26, 2025, 11:57:35 PM
Very unlikely. At an estimate, my average price is around 10K. The bulk of the coins I bought (I am guessing 85%-90% of my current holdings) were priced in the 3-15K range - after that just smaller incremental purchases over time, on a monthly basis.

Same will be the case for anyone who who starts with zero and buys now, building up to 1 BTC over say the next year. When BTC hits 1m, all the little variances between 850K and 1,000,000 won't change the fact that they are way "in the money", no matter what the price.

If maintaining the lowest possible average buying price was your concern, then of course you would never buy after you initial buys, if you were an earlier adopter such as myself. However, everything I am buying at 85K, will be 10x at 850K. So, not as much of a gain as what I bought at 8.5K (which will be a 100x gain at 850K). But the past is the past, and any gain over and above the rate of the devaluation of the USD is something I will be happy with.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on February 28, 2025, 09:03:01 AM
https://x.com/riggsbtc/status/1894945778541699272?s=46

(http://) https://x.com/riggsbtc/status/1894945778541699272?s=46 (https://x.com/riggsbtc/status/1894945778541699272?s=46)


Keep stacking satoshis!!!
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on February 28, 2025, 09:07:04 AM
Lol

Citadel Securities eyes market-making role for crypto exchanges:

https://cointelegraph.com/news/citadel-securities-makes-plans-crypto-liquidity-provider

Quote from: Flexacon on September 22, 2022, 02:17:53 PM
All the big market makers like citadel, virtu and brokers like Fidelity are moving into crypto. Once btc finds the right market conditions it will hit $96k like it was nothing.

Quote from: Flexacon on November 21, 2023, 04:33:35 PM
After FTX the youtubers said Binance would be next. I said Binance would likely survive and they'd look to go after CZ. Binance will now be under U.S. Financial Crimes Enforcement Network  monitoring for the next 5 years. It's basically been neutered or captured depending on how you want to look at it. So that's Coinbase, Binanace, post sam FTX, Kraken and a bunch of others who have been  neutered/captured

They (Wall Street and Washington) want to control narrative and price action so are eliminating the old guard. That's been my theory at least  for a while and it looks to be playing out.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on March 02, 2025, 08:48:25 AM
To ETH and Bitcoin holders, swap everything for Solana
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 03, 2025, 02:54:10 AM
Quote from: affeman on February 26, 2025, 11:43:31 PM
And with every single transaction you're elevating your average buying price, and at one point it will crash down to the extent that you're in the red again. You're a smart one ;D

Smart one indeed. I scooped up around $12K in Sats at 84,000. Now up around 10%. This is how we do it. Keep DCAing in, and buy up more on big dips. BTC always goes up over time. And it will hit 1m per coin for sure.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: GymnJuice on March 03, 2025, 04:43:02 AM
https://www.reuters.com/world/us/trump-says-cryptocurrency-strategic-reserve-includes-xrp-sol-ada-2025-03-02/ (https://www.reuters.com/world/us/trump-says-cryptocurrency-strategic-reserve-includes-xrp-sol-ada-2025-03-02/)

Quote
U.S. President Donald Trump on social media announced the names of five digital assets he expects to include in a new U.S. strategic reserve of cryptocurrencies on Sunday, spiking the market value of each.

Trump said in a post on Truth Social that his January executive order on digital assets would create a stockpile of currencies including bitcoin , ether , XRP , solana and cardano . The names had not previously been announced.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on March 03, 2025, 09:30:45 AM
Quote from: gib on March 03, 2025, 02:54:10 AM
Smart one indeed. I scooped up around $12K in Sats at 84,000. Now up around 10%. This is how we do it. Keep DCAing in, and buy up more on big dips. BTC always goes up over time. And it will hit 1m per coin for sure.

Another great one, thx. I'm gonna use this quote multiple times in the future to mutilate your rectum. ;D

Let's see how often the Trump schtick "We're gonna create a Cryptocurrency reserve...." is still gonna work to pump up the price of these shitcoins a few % (it's so funny to see that neither the orange clown nor his lemmings even have the slightest clue what's the point of a federal reserve; a federal reserve of smth with zero intrinsic value in itself makes absolutely zero sense at all, but whatever ;D). Considering the ATH was at 108k and now it's struggling to reach 90 even after such an "announcement" (once again), it tells me the joke is getting old slowly but surely.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on March 03, 2025, 11:53:35 AM
Quote from: gib on March 03, 2025, 02:54:10 AM
Smart one indeed. I scooped up around $12K in Sats at 84,000. Now up around 10%. This is how we do it. Keep DCAing in, and buy up more on big dips. BTC always goes up over time. And it will hit 1m per coin for sure.

That didn't age well - and it's barely a couple of hours old ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 03, 2025, 12:48:12 PM

Recession talk is there to scare you. The data went from growth to recession, skewed massively by one thing which isn’t recessionary (is that even a word?). Nothing broke.

Blood Moon 14th March ties in 1yr from 74k peak 😉 Equinox 20th March.

Crypto asset announcement is the first step to begin sucking inflation from commodities. Rates will go lower.

When the masses all believe it’s crashing and burning, we can go up.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 03, 2025, 02:14:05 PM
Quote from: Mayday on March 03, 2025, 12:48:12 PM
Recession talk is there to scare you. The data went from growth to recession, skewed massively by one thing which isn’t recessionary (is that even a word?). Nothing broke.

Blood Moon 14th March ties in 1yr from 74k peak 😉 Equinox 20th March.

Crypto asset announcement is the first step to begin sucking inflation from commodities. Rates will go lower.

When the masses all believe it’s crashing and burning, we can go up.

Ignore the crypto announcements. It's mostly irrelevant, but good optics.

D.O.G.E and removing that bloat will lead to a private sector boom and a blow off top for the ages. Also doomers seem to be forgetting that the money printer won't stay on ice forever.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 04, 2025, 12:59:58 AM
Quote from: affeman on March 03, 2025, 11:53:35 AM
That didn't age well - and it's barely a couple of hours old ;D

Lol, you absolute monkey. The bulk of the coins I bought (I am guessing 85%-90% of my current holdings) were priced in the 3-15K range - after that just smaller incremental purchases over time, on a monthly basis. I will continue to do that. Anyone with a memory span a bit longer than a gold fish will understand the benefits of DCA'ing into BTC over time.

Have you not read my prior posts? Zoom out and you will see BTC always rises over time...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on March 04, 2025, 02:25:14 AM
Quote from: gib on March 04, 2025, 12:59:58 AM
Lol, you absolute monkey. The bulk of the coins I bought (I am guessing 85%-90% of my current holdings) were priced in the 3-15K range - after that just smaller incremental purchases over time, on a monthly basis. I will continue to do that. Anyone with a memory span a bit longer than a gold fish will understand the benefits of DCA'ing into BTC over time.

Have you not read my prior posts? Zoom out and you will see BTC always rises over time...

You're already in the red again with your last purchase, keep buying. It's only 83k at the moment for an imaginary coin, a real bargain. ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 04, 2025, 02:56:13 AM
Quote from: affeman on March 04, 2025, 02:25:14 AM
You're already in the red again with your last purchase, keep buying. It's only 83k at the moment for an imaginary coin, a real bargain. ;D

What an absolute moron you are. I have 100's of "in the money" BTC buys since 2017, and you focus on one (very small purchase, less than .2% of my total holdings), which is perhaps 1% down? I am guessing that at least 40% of those 100s of buys I made since 2017 were "out of the money" for certain periods of time.

Yes, obviously we keep buying BTC, at any price, if we believe it will indefinitely rise.

Why would you call BTC "imaginary" when the code is public, when its created via proof of work, and when you can verify every transaction? What part of that is imaginary? (If you really are still struggling with that part, please go back to the beginning of this thread). Reality is the USD is far more "imagenary" than BTC, for obvious reasons...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 04, 2025, 02:58:30 AM
PS - an in fact I am not even down, even using a goldfish brain time period. I bought at $84,000, price now $84,004...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on March 04, 2025, 03:39:06 AM
Quote from: gib on March 04, 2025, 02:58:30 AM
PS - an in fact I am not even down, even using a goldfish brain time period. I bought at $84,000, price now $84,004...

ok, then you're down now ;D

As I said, keep buying, a true bargain. Saylor needs morons like you he can dump this whole crap on eventually soon :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 04, 2025, 04:55:40 AM
Quote from: affeman on March 04, 2025, 03:39:06 AM
ok, then you're down now ;D

As I said, keep buying, a true bargain. Saylor needs morons like you he can dump this whole crap on eventually soon :D

You seem not to understand MSTR's business. They ACCUMULATE BTC. They want more BTC (not less), so they will not do any dumping of BTC. Rather they acquire and Hodl. However, yes, they do want (and benefit), both from BTC rising in fiat terms (or fiat falling in BTC terms), and so obviously they want to see others adopt BTC over time also. But to clear, Saylor and MSTR see BTC as rising for ever.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 04, 2025, 09:17:26 AM
A little ETH update and will then come back to report when Eth hits a 6 year low to BTC.

ETH is now down to BTC

1.4% last day
10.15 last week
11.3% last month
35.9% last 3 months
53.1% last year...

And now also to a record 5 year low down 2.41% to BTC over 5 years.

This trend will continue (for obvious reasons that I have explained extensively). Just think about it - Eth is a token whose utility in terms of use of its network depends on it being cheap. Which is entirely incongruous to it being a store of value, which depends on it not being cheap.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 04, 2025, 05:26:37 PM
Quote from: Flexacon on March 03, 2025, 02:14:05 PM
Ignore the crypto announcements. It's mostly irrelevant, but good optics.

D.O.G.E and removing that bloat will lead to a private sector boom and a blow off top for the ages. Also doomers seem to be forgetting that the money printer won't stay on ice forever.


Yeah the announcements are good sound bites but Trump has to force speculative money out of commodities and into non-CPI instruments. I’ll use too many words if I try and outline it. I bet 100% on my revised strategy, fuck it, it worked in 2020 😂

Money printer is done and dusted. They printed the entire decade upfront so it could be switched off. QE won’t be QE as we last saw it. It’s like ordering 52 pizzas in week1, freezing them, defrosting 1 a week while bragging you wont order pizza for the rest of the year.

4yrs later some things are clearer than in 2020. My retardedness sees today being planned back in 2016.

Nobody considering the US vaults having more Gold.50yrs of confiscation from world domination….. just sayin….  Imagine the US then announce a sell off to pay down US debt. Then begins the secular Gold bear market……

Event window giving us the goods so far 👍   A drone blew a hole in Chernobyl which they can’t fix. A minor thing but it might come up later.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 05, 2025, 01:43:20 AM
Quote from: affeman on March 03, 2025, 11:53:35 AM
That didn't age well - and it's barely a couple of hours old ;D

This idiot post of yours, I GAURANTEE, will not age well, when the price of BTC is 10x of my little top up at 84K.

Your post really personifies the small mindedness of a person, who still after 16 years, cannot understand that BTC rises for ever (as long as additional money is printed for ever).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 05, 2025, 01:56:28 AM
Quote from: gib on March 05, 2025, 01:43:20 AM
This idiot post of yours, I GAURANTEE, will not age well, when the price of BTC is 10x of my little top up at 84K.

Your post really personifies the small mindedness of a person, who still after 16 years, cannot understand that BTC rises for ever (as long as additional money is printed for ever).

Don’t worry gib, sidelined gunna get destroyed 😉

Move already started. Price is lagged.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 05, 2025, 02:02:22 AM
Quote from: Mayday on March 05, 2025, 01:56:28 AM
Don’t worry gib, sidelined gunna get destroyed 😉

Move already started. Price is lagged.

Yeah all good. Just blows my mind that after 8 years of this thread, 479 pages etc, there are still some people who just don't get it

I am thinking, at some point if I have time, to distill the best posts into a single TLDR document for those too lazy to do the work...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 05, 2025, 08:38:41 AM
Quote from: Mayday on March 04, 2025, 05:26:37 PM

Money printer is done and dusted.

Trumps policies could force the FEDs hands

Either way short term pain (could be weeks, could be months) before the bull run
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on March 05, 2025, 09:02:18 AM
Quote from: gib on March 04, 2025, 04:55:40 AM
You seem not to understand MSTR's business. They ACCUMULATE BTC. They want more BTC (not less), so they will not do any dumping of BTC. Rather they acquire and Hodl. However, yes, they do want (and benefit), both from BTC rising in fiat terms (or fiat falling in BTC terms), and so obviously they want to see others adopt BTC over time also. But to clear, Saylor and MSTR see BTC as rising for ever.

Accumulating smth with no intrinsic value only makes sense if u wanna dump it on someone else at one point. That's what guys like you - the buyers at 80k+ - are here for ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 05, 2025, 10:15:17 AM
Quote from: affeman on March 05, 2025, 09:02:18 AM
Accumulating smth with no intrinsic value only makes sense if u wanna dump it on someone else at one point. That's what guys like you - the buyers at 80k+ - are here for ;D

Blows the mind that from 3k, to 90K, you still don't get it. I wonder if you will get it at 900K?

Fiat currencies have no intrinsic value. However, they are all, infinite in supply.

BTC has no intrinsic value, but is perfectly limited in supply.

Should be obvious which is the better store of value, and why a currency of unlimited supply will move into a store of value perfectly limited in supply (combined with all the other properties BTC has, in terms of divisibility, transferability, self custody, etc).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 05, 2025, 09:44:14 PM
Quote from: affeman on March 03, 2025, 11:53:35 AM
That didn't age well - and it's barely a couple of hours old ;D

Well that didn't age well did it. Even for a short term minded gold-fish brain, I am now 10-ish% up on even my latest purchase ... barely a few days old :D

If I wanted to teach you a lesson, I would sell that latest buy now, taking a 10% gain, show you how easy it is to make money, and use that profit to buy some nice things to show off my material gains. But ultimately, that would make me the same fool you are, as the much better lesson is of course to hodl until 10x gain, as opposed to just a 10% gain.

This post will age well, and you an be very sure, I will be back to remind you of it at BTC 840K. As anyone here knows, I have a long memory, and I have no hesitation to come back cite prior posts to teach people lessons...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 06, 2025, 04:45:25 AM
So, who believes we really will see a BSR announcement tomorrow?

And who believes it will BTC only, vs also with "American made" shitcoins?

My prediction (and again, it's just a PREDICTION, not a guarantee), is that we will see a BTC only Strategic Reserve, but then also some other regulations which in theory, may be positive from some types of company-issued tokens.

Either way, obviously, no foreign country is going to want American-made, centralized, controlled and manipulated shotcoins, with an American issuer, created without proof of work, as a store of value, for obvious reasons...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 06, 2025, 12:18:12 PM

What is a BSR? ???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 06, 2025, 04:32:54 PM

US Govt will not acquire additional assets for stockpiling other than those forfeited.

Kind of sounds like what they already do? As in, not buying, only seizing. The only Duffy is they will hold and not sell (for now….).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 07, 2025, 02:52:15 AM
Quote from: Mayday on March 06, 2025, 12:18:12 PM
What is a BSR? ???

Bitcoin Strategic Reserve (sometimes also called SBR - Strategic Bitcoin Reserve).
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 07, 2025, 08:18:38 AM
A BITCOIN STRATEGIC RESERVE IS CONFIRMED!

Love em or hate. Trump, so far is a man of his word -I'll give him that.

PS - For all those hoping for a ShitCoin reserve, I hope a lesson was learned...

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 07, 2025, 01:07:43 PM
Quote from: gib on March 07, 2025, 08:18:38 AM
A BITCOIN STRATEGIC RESERVE IS CONFIRMED!

Love em or hate. Trump, so far is a man of his word -I'll give him that.

PS - For all those hoping for a ShitCoin reserve, I hope a lesson was learned...
The US Government also holds ETH, BNB, USDT, etc. Stablecoins are becoming important to the US. And the use case will probably increase. Stablecoins might be the killer application for cryptos. Ethereum is the leading chain with 54.08% dominance.

https://crypto.news/experts-comments-amid-rlusd-and-moonpay-partnership/

(https://i.redd.it/05ytnlypm8ne1.jpeg)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 07, 2025, 01:17:59 PM
https://x.com/spotonchain/status/1897411965397737856

Donald Trump's World Liberty Financial (@worldlibertyfi) is back to buying $ETH, $WBTC, and $MOVE!

In the past 45 minutes, the fund moved 25M $USDC to a new multi-sig wallet and purchased:

• 4,468 $ETH ($10M) at $2,238
• 110.6 $WBTC ($10M) at $90,420
• 3.42M $MOVE ($1.5M) at $0.439

3.5M $USDC remains in that new wallet—more buys incoming? Follow @spotonchain and set alerts for #WorldLibertyFi for more updates at https://platform.spotonchain.ai/en/entity/2361

(https://pbs.twimg.com/media/GlT2ELaa4AEL2B9?format=jpg&name=large)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 07, 2025, 06:01:56 PM
Quote from: obsidian on March 07, 2025, 01:07:43 PM
The US Government also holds ETH, BNB, USDT, etc. Stablecoins are becoming important to the US. And the use case will probably increase. Stablecoins might be the killer application for cryptos. Ethereum is the leading chain with 54.08% dominance.

https://crypto.news/experts-comments-amid-rlusd-and-moonpay-partnership/

(https://i.redd.it/05ytnlypm8ne1.jpeg)


Such an interesting look into human psyche.  Ethereum has done nothing but constantly devalue compared to Bitcoin and you still keep somehow convincing yourself things are good and ethereum is dominating.   The bottom line is right now what type of ROI are you getting on your ether vs what would your ROI be had you bought or even converted to BTC?   Still dominating?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on March 07, 2025, 10:50:21 PM
This. Not even the ETFs and Wallstreet involvement were able to push the price significantly anymore. The desperate hope for a government bailout is now the last stage of this Ponzi, I give it a few more months. Everyone who can still run away with a solid profit should do it now, like I did after the elections ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 08, 2025, 01:29:17 AM
Quote from: obsidian on March 07, 2025, 01:17:59 PM
https://x.com/spotonchain/status/1897411965397737856

Donald Trump's World Liberty Financial (@worldlibertyfi) is back to buying $ETH, $WBTC, and $MOVE!

In the past 45 minutes, the fund moved 25M $USDC to a new multi-sig wallet and purchased:

• 4,468 $ETH ($10M) at $2,238
• 110.6 $WBTC ($10M) at $90,420
• 3.42M $MOVE ($1.5M) at $0.439

3.5M $USDC remains in that new wallet—more buys incoming? Follow @spotonchain and set alerts for #WorldLibertyFi for more updates at https://platform.spotonchain.ai/en/entity/2361

(https://pbs.twimg.com/media/GlT2ELaa4AEL2B9?format=jpg&name=large)

My American friend, you wanna know where that money came from? Check the huge volume candle as Trump OGs dumped on plebs buying. Nuked it lower than low.

Take heed of my words earlier. This lot you keep tracking used none of their own money. They are dumping memecoins and buying ERC20 for free. It’s there to get you wrecked because you plebs keep salivating thinking it’s a signal 🤦

“You don’t know their timeframe” is exactly true. If you use free money to buy it, you give no fucks if it sits there for 200yrs. They use their own money to counter trade the plebs.

Track performance of this foundation to Saylor. See what I’m saying?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 08, 2025, 11:25:27 PM
Quote from: SouJerz on March 07, 2025, 06:01:56 PM

Such an interesting look into human psyche.  Ethereum has done nothing but constantly devalue compared to Bitcoin and you still keep somehow convincing yourself things are good and ethereum is dominating.   The bottom line is right now what type of ROI are you getting on your ether vs what would your ROI be had you bought or even converted to BTC?   Still dominating?
Bitcoin had a good run I agree. Not so much because of good fundamentals, but because of media attention, being the first blockchain, and due to Biden's SEC being vague about Ethereum's status as a commodity. It all depends on when you look at the chart. At 2022, the opposite was true. Bitcoin devalued compared to Ethereum. I took your own screenshot and wiped out recent movements to illustrate. The point is, anything is possible. Narratives change. It is risky to say things will never change and always be that way. We've all seen this is not the case.

I look at the fundamentals. Markets are irrational and I agree with Gib that some people would rather buy an overvalued asset like Bitcoin than an undervalued asset like Ethereum because they think it is safer in the longrun. They don't know about the economic security of the asset, and how that will change in a decade or two. How safe it will be in the future remains to be seen.

Bitcoin is showing some wild hashrate swings currently - very interesting. It went from a high of just over 1,000 EH/s on 2/7/25 down to a low of 700 EH/s on 2/12/25. That's a drop of 30% hashrate in less than a week! Then it goes up and down and is all over the place.

https://www.coinwarz.com/mining/bitcoin/hashrate-chart

If a manufacturer can fabricate ASIC's at $10 per TH/s, at around 13W per TH/s, then Bitcoin's economic security is around $10 billion. I've done the calculations in this thread before. 800 EH/s = 800 million TH/s. So $8-10 billion to manufacture 800 EH/s of hash power. Plus a few million per day of electrical power.

Bitcoin is cooked. Next halving, BTC miners will receive 1/2 the current BTC rewards. Then 1/4, 1/8, 1/16, 1/32, 1/64, 1/128, 1/256. Etc.

20 years from now miners will get 1/32 the BTC block reward of what they get now which is 3.125 BTC per block. That's 0.09765625 BTC per block.

Ethereum does not have this dilemma. And ETH staking has not fluctuated as wildly as the BTC hash rate recently.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 09, 2025, 01:56:45 AM
Quote from: Mayday on March 08, 2025, 01:29:17 AM
My American friend, you wanna know where that money came from? Check the huge volume candle as Trump OGs dumped on plebs buying. Nuked it lower than low.

Take heed of my words earlier. This lot you keep tracking used none of their own money. They are dumping memecoins and buying ERC20 for free. It’s there to get you wrecked because you plebs keep salivating thinking it’s a signal 🤦

“You don’t know their timeframe” is exactly true. If you use free money to buy it, you give no fucks if it sits there for 200yrs. They use their own money to counter trade the plebs.

Track performance of this foundation to Saylor. See what I’m saying?
I posted before that Trump's ETH is all house money. Yes, he got it for free from his meme token profits. But what's telling is his team did not opt for BTC as much as ETH. Apparently Trump wants to build a financial company on Ethereum. He can't do that on Bitcoin because it is a meme token with limited functionality.

Saylor looks like a genius today. How does his model work out if BTC goes back down to $50,000 or lower? Seems very risky that he is taking on debt to buy BTC. When people say “don’t mortgage your house to buy Bitcoin”, they’re warning against recklessly using leverage (debt) to invest in a highly volatile asset.

The BTC multiplier effect can work both ways, up and down.

https://apollocrypto.com/the-bitcoin-multiplier/

https://www.plutoinvest.io/post/is-microstrategy-s-a-ticking-time-bomb
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 09, 2025, 04:10:13 PM
 :)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 10, 2025, 03:26:16 AM
Quote from: SouJerz on March 09, 2025, 04:10:13 PM
:)

100%
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 10, 2025, 03:42:46 AM
Quote from: obsidian on March 07, 2025, 01:17:59 PM
https://x.com/spotonchain/status/1897411965397737856

Donald Trump's World Liberty Financial (@worldlibertyfi) is back to buying $ETH, $WBTC, and $MOVE!

In the past 45 minutes, the fund moved 25M $USDC to a new multi-sig wallet and purchased:

• 4,468 $ETH ($10M) at $2,238
• 110.6 $WBTC ($10M) at $90,420
• 3.42M $MOVE ($1.5M) at $0.439

3.5M $USDC remains in that new wallet—more buys incoming? Follow @spotonchain and set alerts for #WorldLibertyFi for more updates at https://platform.spotonchain.ai/en/entity/2361

(https://pbs.twimg.com/media/GlT2ELaa4AEL2B9?format=jpg&name=large)

Obsidian - I am still trying to figure you out. One the one hand you are obviously smart. On the other, you are also very naive (or you are just trolling?). Either way, I am here to help with a dose of reality. I genuinely want to help and take not pleasure in watching these continued losses you are incurring. May I ask - genuinely curious - how old you are?
 
I hope I at least deterred you from the Trump and Melania coins? Please tell me you at least followed my advice on these?

As for the "Donald Trump's World Liberty Financial", I have tried to explain this before, but it really almost nothing to do with Trump other than claiming an association with him and some of his children. If your investment thesis is "buy what this is fund is buying as they have inside knowledge due to connections with Trump", please reconsider that immediately. Indeed, you just saw what happened with the BITCOIN strategic reserve, and how shitcoins will be distinguished (basically any seized shitcoin can be sold off, with that money used to buy BTC for the reserve).

The market cap of this fund, managed by absolute morons, has now fallen from USD 400m to now just USD 70m (actually now even less than my net worth - not my BTC worth, but my total net assets). 80m is miniscule, for any type of fund - its an irrelevant blip. (And of that 80m, the bulk of it comes from Justin Sun - the genius who bought that banana for 6m and ate it - which maybe explains why around 12% of the fund is Tron).

The Trump thing, and the "building the defi of the future" etc is close to a scam, intended to suck in fools. They obviously have NO IDEA at all what they are doing. For example, their largest holding was ETH (and in just around 6 weeks they have managed to lose 40% of the value of that ETH in USD, and clearly those losses will grow, for obvious reasons).

Looking at what they are investing in, and their timing etc, is basically similar to how a school-boy dgen might be engaging in shitcoinery for the first time, before learning his lesson, absent the pure memes. But it is really, a total embarrassment and an appalling performance.

Of that 70 left, around 2m a year is likely to be being spent on wages, trading fees, compliance costs, etc. I am not sure how they then calculate any profit for the fund managers, but say their "management fee" is 2%pa, that amounts to $1.4m (meaning a total extraction from the NAV of the fund at around 4% a year). So divide that management fee among the founders, give Trump his cut for allowing Trump name to be used, and you can see this is literally irrelevant, on almost all levels.

Here is what I would do if you were you. Bite the bullet, man up, and sell 50% of you Eth now. Put it into BTC. If Eth keeps falling, and if you really love it so much, you can buy it back even cheaper. In the meantime you have some of your wealth in the only global digital commodity - Bitcoin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on March 10, 2025, 08:26:57 AM
I hope you have accumulated some more BTC by now, gib, c'mon, it's only 79k for an imaginary coin, a true bargain, you gotta go all in or you wanna stay poor?

(next time I'm gonna remind u @65k what a true bargain your imaginary coin is ;D)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 10, 2025, 09:51:29 AM
Quote from: affeman on March 10, 2025, 08:26:57 AM
I hope you have accumulated some more BTC by now, gib, c'mon, it's only 79k for an imaginary coin, a true bargain, you gotta go all in or you wanna stay poor?

(next time I'm gonna remind u @65k what a true bargain your imaginary coin is ;D)

The "real money" as you call it, continues to devalue over time. You are looking at things backwards. BTC is the REAL MONEY. Fiat currency is the imaginary money.  Buy, and hodl. How hard can that be? If you follow this advice now, you will be extremely grateful you did in 10 years time - trust me on that.

We sell FAKE MONEY (Government printed fiat currencies) and buy REAL MONEY (BTC).

Yes I bought a little more at 81.5K, and then also just under 80K. If dropped more in the sort term (meaning less USD to buy), obviously I would buy more.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: joswift on March 10, 2025, 09:53:19 AM
Quote from: gib on March 10, 2025, 09:51:29 AM
The "real money" as you call it, continues to devalue over time. You are looking at things backwards. BTC is the REAL MONEY. Fiat currency is the imaginary money.  Buy, and hodl. How hard can that be? If you follow this advice now, you will be extremely grateful you did in 10 years time - trust me on that.

We sell FAKE MONEY (Government printed fiat currencies) and buy REAL MONEY (BTC).

Yes I bought a little more at 81.5K, and then also just under 80K. If dropped more in the sort term (meaning less USD to buy), obviously I would buy more.

the only value any currency has is the peoples belief in it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: FitnessFrenzy on March 10, 2025, 10:10:24 AM
$ 78,572.82
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 10, 2025, 10:40:07 AM
Quote from: joswift on March 10, 2025, 09:53:19 AM
the only value any currency has is the peoples belief in it.

Correct. And we know that people in the long value scarcity, as opposed to something in infinite supply, as a store of value. That should be obvious.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: joswift on March 10, 2025, 10:42:42 AM
Quote from: gib on March 10, 2025, 10:40:07 AM
Correct. And we know that people in the long value scarcity, as opposed to something in infinite supply, as a store of value. That should be obvious.
why save money when they can just keep printing more of it?

No matter what you want to keep be it Bitcoin or gold it has to be exchanged for a medium of exchange at some point.
Without a medium of exchange Gold/Bitcoin is worth nothing.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: GymnJuice on March 10, 2025, 11:50:55 AM
I saw bitcoin is down just like the markets today. Googling things it looks like it correlates with the markets and is not independent of them (like say real estate, gold, bonds). Being that there is a defined limited quantity of bitcoin do you guys think that will continue?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 10, 2025, 11:54:05 AM
Quote from: joswift on March 10, 2025, 10:42:42 AM
why save money when they can just keep printing more of it?

No matter what you want to keep be it Bitcoin or gold it has to be exchanged for a medium of exchange at some point.
Without a medium of exchange Gold/Bitcoin is worth nothing.

BTC is already a medium of exchange. YOu can use it to buy almost anything, either directly, or via a Bitcoin backed credit card. Although right now, its primary phase is that of store of value. Over time that will lead to growth in it being used as a medium of exchange. And then finally as a unit of account.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 10, 2025, 11:55:29 AM
Quote from: GymnJuice on March 10, 2025, 11:50:55 AM
I saw bitcoin is down just like the markets today. Googling things it looks like it correlates with the markets and is not independent of them (like say real estate, gold, bonds). Being that there is a defined limited quantity of bitcoin do you guys think that will continue?

BTC is the most perfectly scarce asset ever invented. And money is infinite. So BTC will of course rise for ever, in the long term, for obvious reasons.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on March 10, 2025, 11:58:27 AM
Quote from: gib on March 10, 2025, 11:55:29 AM
BTC is the most perfectly scarce asset ever invented. And money is infinite. So BTC will of course rise for ever, in the long term, for obvious reasons.

Yeah, it's only 77k by now. You should scarf up on it immediately, a true bargain considering what you get in return :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 10, 2025, 12:02:33 PM
Quote from: affeman on March 10, 2025, 11:58:27 AM
Yeah, it's only 77k by now. You should scarf up on it immediately, a true bargain considering what you get in return :D

Indeed. We all should.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 10, 2025, 02:48:04 PM
Quote from: gib on March 10, 2025, 03:42:46 AM
Obsidian - I am still trying to figure you out. One the one hand you are obviously smart. On the other, you are also very naive (or you are just trolling?). Either way, I am here to help with a dose of reality. I genuinely want to help and take not pleasure in watching these continued losses you are incurring. May I ask - genuinely curious - how old you are?
 
I hope I at least deterred you from the Trump and Melania coins? Please tell me you at least followed my advice on these?

As for the "Donald Trump's World Liberty Financial", I have tried to explain this before, but it really almost nothing to do with Trump other than claiming an association with him and some of his children. If your investment thesis is "buy what this is fund is buying as they have inside knowledge due to connections with Trump", please reconsider that immediately. Indeed, you just saw what happened with the BITCOIN strategic reserve, and how shitcoins will be distinguished (basically any seized shitcoin can be sold off, with that money used to buy BTC for the reserve).

The market cap of this fund, managed by absolute morons, has now fallen from USD 400m to now just USD 70m (actually now even less than my net worth - not my BTC worth, but my total net assets). 80m is miniscule, for any type of fund - its an irrelevant blip. (And of that 80m, the bulk of it comes from Justin Sun - the genius who bought that banana for 6m and ate it - which maybe explains why around 12% of the fund is Tron).

The Trump thing, and the "building the defi of the future" etc is close to a scam, intended to suck in fools. They obviously have NO IDEA at all what they are doing. For example, their largest holding was ETH (and in just around 6 weeks they have managed to lose 40% of the value of that ETH in USD, and clearly those losses will grow, for obvious reasons).

Looking at what they are investing in, and their timing etc, is basically similar to how a school-boy dgen might be engaging in shitcoinery for the first time, before learning his lesson, absent the pure memes. But it is really, a total embarrassment and an appalling performance.

Of that 70 left, around 2m a year is likely to be being spent on wages, trading fees, compliance costs, etc. I am not sure how they then calculate any profit for the fund managers, but say their "management fee" is 2%pa, that amounts to $1.4m (meaning a total extraction from the NAV of the fund at around 4% a year). So divide that management fee among the founders, give Trump his cut for allowing Trump name to be used, and you can see this is literally irrelevant, on almost all levels.

Here is what I would do if you were you. Bite the bullet, man up, and sell 50% of you Eth now. Put it into BTC. If Eth keeps falling, and if you really love it so much, you can buy it back even cheaper. In the meantime you have some of your wealth in the only global digital commodity - Bitcoin.
I would never sell at this price. I explained to you before. ETH went to $4.9K in 2021. Then after that, BTC crashed to $15.8K in November 2022. If I sold 3 ETH at the ATH 2021 price, I could have bought close to 1 BTC with that cash in 2022. That's a ratio of 3:1 or 0.333 BTC for 1 ETH. That's how you do it. Only morons sell when there is blood in the streets. Yes, ETH will probably still bleed against BTC in the foreseeable future. That's just where we are at this point in time. I expected the charts to be different, but the market decided to overreact to Trump's tariffs and talks about leaving NATO.

Some people are already predicting that the stock market could crash by 30% if the US leaves NATO. If the stock market crashes that much you can imagine how crypto will fare. It's supposed to be a hedge against uncertainty but it has turned out to be way more fragile. Bitcoin Maxi's now want the US government to bail Bitcoin out by buying it up. Bitcoin's POW is a dead end unless nation states are willing to secure it because the mining model will not work decades from now due to diminishing miner rewards. But governments can save that if it is seen as a strategic asset.

Ethereum's fundamentals are better than BTC. BTC is not the most secure blockchain. It's economic security sucks. Yes, only smart people realize that. And right now, it does not matter. I will buy BTC at some point with cash, not by trading one crypto for another in panic. And even though I realize BTC's economic security sucks, it is probably not something to worry about for the next 10-20 years. There are enough morons who will push the price up not knowing anything about the fundamentals.

Ethereum's economic security is probably 50-100 times better than Bitcoin's. I can explain it to you if you don't understand how that is calculated.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 10, 2025, 02:49:58 PM
Quote from: gib on March 10, 2025, 11:55:29 AM
BTC is the most perfectly scarce asset ever invented. And money is infinite. So BTC will of course rise for ever, in the long term, for obvious reasons.
No its not. There are car models that were one-off designs. Only 1.

And Zcash has the same finite supply as BTC - 21 million. The argument that BTC is the most scarce or the most secure is completely false.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on March 10, 2025, 02:51:59 PM
Quote from: joswift on March 10, 2025, 09:53:19 AM
the only value any currency has is the peoples belief in it.
Yes correct. BTC has a cult following, and been able to grab the media's attention. That's where the value comes from. Not because of the utility, fundamentals, security, or technological progress. It's a glorified meme coin.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 10, 2025, 10:37:34 PM
My Gold correlation levels. That’s my help ✅

I am spreading FUD and smashing egos online to do my part to smash alts down. It ain’t working lol.

Look, I’m sorry but nobody can talk about foundations and fundamentals when the popular alt token people love is called Fartcoin….. seriously.

In my feed, is all dip buyers. Happy people, loving dips, love XRP, love the upcoming alt season…..

Go measure the performance of influencers and gurus the past 2 months crowing “alt season” “last chance to get 100x”….. fucking annihilated their followers. Euphoria is loving being underwater and buying more!

There is  belief we are early with Fartcoin. There is belief that 1M tokens per week is early cycle. That Trump coin launched and -85% down is still early. that a dude locking himself in a dog cage, eating shit for a 2x pump is early. A guy climbs the Hollywood sign to pump his Degen token is early.

Yet amazingly everyone is talking Saylor trash and how he will get wrecked……. 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 11, 2025, 03:05:56 AM
Quote from: obsidian on March 10, 2025, 02:51:59 PM
Yes correct. BTC has a cult following, and been able to grab the media's attention. That's where the value comes from. Not because of the utility, fundamentals, security, or technological progress. It's a glorified meme coin.

Totally wrong. And indeed this will be emphasized when we get the clarity from the new SEC, distinguishing:

-Digital commodity - BITCOIN
-Utility Token - Eg - Filecoin, Uniswap
-Digital Security - Eg - XRP, BNB
-Stablecoins - Eg - USDT
-Meme coins - Eg - Trump coin

And when that happens, boy will you see various tokens tank, vs BTC which will rise (for obvious reasons),

Look at the proof of work to issue the coin, pre-mined coins given to issuers, tokens printed out of thin air with no effort, tokens which just represent stakes in companies, tokens with an unpredictable issuance rate, etc. You will figure it out. Deep down, you already know...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 11, 2025, 03:08:31 AM
Quote from: Mayday on March 10, 2025, 10:37:34 PM
My Gold correlation levels. That’s my help ✅

I am spreading FUD and smashing egos online to do my part to smash alts down. It ain’t working lol.

Look, I’m sorry but nobody can talk about foundations and fundamentals when the popular alt token people love is called Fartcoin….. seriously.

In my feed, is all dip buyers. Happy people, loving dips, love XRP, love the upcoming alt season…..

Go measure the performance of influencers and gurus the past 2 months crowing “alt season” “last chance to get 100x”….. fucking annihilated their followers. Euphoria is loving being underwater and buying more!

There is  belief we are early with Fartcoin. There is belief that 1M tokens per week is early cycle. That Trump coin launched and -85% down is still early. that a dude locking himself in a dog cage, eating shit for a 2x pump is early. A guy climbs the Hollywood sign to pump his Degen token is early.

Yet amazingly everyone is talking Saylor trash and how he will get wrecked…….

The funny things is how we are still calling "alts" alts, as though they somehow how BTC-like qualities, and are an "alternative" to BTC. Even the d-gens are learning their lesson - but it takes time...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Phantom Spunker on March 11, 2025, 03:28:29 AM
Gib, is now the perfect time for me to buy Bitcoin or should I stick to spice trading for the time being?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 11, 2025, 04:52:49 AM
Quote from: Phantom Spunker on March 11, 2025, 03:28:29 AM
Gib, is now the perfect time for me to buy Bitcoin or should I stick to spice trading for the time being?

It is ALWAYS a good time to BTC, provided you Hodl and understand that BTC will always rise over time, in comparison to fiat which will always fall over time.

They key, of course, is to understand the difference between short term volatility and a long term trend. So, for example, no one, in the history of BTC, who as DCA'd in monthly, has ever "lost money" over 3 year time period.

So, should you buy now? Yes, of course, provided you understand the hodl. Is now the "perfect" time to buy? That is a rather silly question, and there literally is in the entire history (and future) of BTC, only a single split second which was, or will be, the "perfect time". Don't let that deter you. Just know that anytime is a good time, and that with BTC, those who try to time the market typically fail in succeeding over those who just hodl.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: affeman on March 11, 2025, 09:27:33 AM
Quote from: Phantom Spunker on March 11, 2025, 03:28:29 AM
Gib, is now the perfect time for me to buy Bitcoin or should I stick to spice trading for the time being?

Of course you have to buy, we need new fools coming in so that the earlier guys can dump their crap coins on you and cash out. That's the essence of every Ponzi scheme. :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on March 11, 2025, 09:52:03 AM
Quote from: affeman on March 11, 2025, 09:27:33 AM
Of course you have to buy, we need new fools coming in so that the earlier guys can dump their crap coins on you and cash out. That's the essence of every Ponzi scheme. :D

Fiat is the Ponzi scheme. BTC is our defence against that. Consider BTC a new digital language for the store of money, slowly being learned and adopted globally by citizens around the world, until eventually it becomes the dominant language. Much like English, or much like we shake hands to greet each other. Can try creating an alternative. Unlikely it will work out for you (thousands of shitcoiners have tried - all have failed).  In the future we won't have 200+ currencies. We will have one digitally native currency, BTC, and then a few digital fiat currencies - not of which will be trusted more than BTC as a global store of wealth, for obvious reasons, and which will all devalue over time, to BTC, for obvious reasons...

See you back at 100K and I will carry on then teaching you lessons...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: loco on March 12, 2025, 04:40:11 AM
Despite challenging economic conditions, the U.S. keeps producing more millionaires. The total number of U.S.-based millionaires more than doubled from 2020 to 2023, reaching nearly 22 million individuals.

How have so many people reached this major financial milestone? It wasn't through get-rich-quick trends like going all in on crypto or launching an app. Most people are achieving the American dream by prioritizing their retirement savings.

Underspending: Automatic contributions from each paycheck help you prioritize saving money and teach you to live off less than your full income.

Staying level-headed: Consistent investing helps you see the bigger picture and reduces the temptation to make impulsive (and expensive) moves based on headlines and trends.

Free money: Many retirement plans come with an employer match. In other words, when you contribute, your employer puts free money into your account.

Risk-based adjustments: The majority of retirement plans automatically adjust your portfolio based on your age and when you plan to retire, also known as target-date investing.

https://finance.yahoo.com/personal-finance/banking/article/the-number-one-way-americans-are-becoming-millionaires-191057199.html

(https://media.tenor.com/XI2lJLWKfl4AAAAM/epic-flag.gif)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 13, 2025, 03:20:23 PM
For obsidian.  Please explain again how great an investment ethereum is?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 13, 2025, 08:27:30 PM
Everyone is still bullish ETH….. the opposite of capitulation.

This is what I mean by ETH bleeding out. It has round tripped 9yrs and most are talking about what a great opportunity it is 🤔


Today marks 1yr from 74k top and blood moon. Equinox on the 20th. If BTC can tag 69k I reckon that’s enough to capitulate ETH to lows and then we might be done. Depends how hard the wealthy prayed to Satan.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on March 15, 2025, 01:16:41 AM

I added here. My target was -89% which was still up from my entry so I added.

We are still in my event window of Jan-Apr 2025. We have a world tariff war but I am looking for 1-2 more events to occur in this window.

If something occurs, we could get a savage 2020 type sell off. I’ll hedge my bets.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on March 16, 2025, 06:00:13 AM
Buy the VIX
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: French on March 16, 2025, 08:07:07 AM
Solana now accounts for 30% of Ethereum's market capitalization.

Load your bag and let $1,000 per token carry you.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on March 19, 2025, 10:03:08 PM
Quote from: Mayday on March 15, 2025, 01:16:41 AM
I added here. My target was -89% which was still up from my entry so I added.

We are still in my event window of Jan-Apr 2025. We have a world tariff war but I am looking for 1-2 more events to occur in this window.

If something occurs, we could get a savage 2020 type sell off. I’ll hedge my bets.

Maybe, but most of the pain has been felt already.

77k looks to be the BTC bottom although a flash crash down sub 70K could happen soon.

All depends on the SPX. If it doesn't recover from here then another 10% dump might be on the cards, but we'll get an epic V shaped recovery after.

Either way long term things look set to be really bullish.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 03, 2025, 09:50:53 PM
Quote from: Flexacon on March 19, 2025, 10:03:08 PM
Maybe, but most of the pain has been felt already.

77k looks to be the BTC bottom although a flash crash down sub 70K could happen soon.

All depends on the SPX. If it doesn't recover from here then another 10% dump might be on the cards, but we'll get an epic V shaped recovery after.

Either way long term things look set to be really bullish.

Glad this post survived. SPX even took a 10% dump. Imagine being a bear or scared to bid those level.

Anyway Solana is having and will continue to have an ETH like performance. The new sexy L1 is Keeta $KTA. MC is still only at $500M
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 04, 2025, 10:49:42 AM
Time to sell Bitcoin and rotate to Ethereum.

Blackrock already selling BTC and buying ETH.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 04, 2025, 02:09:50 PM
Quote from: French on March 16, 2025, 08:07:07 AM
Solana now accounts for 30% of Ethereum's market capitalization.

Load your bag and let $1,000 per token carry you.
It's now dropped to 25%.

ETH remains massively undervalued. In contrast, Solana is highly centralized and burdened by bloat—its chain exceeds 300 TB. You need enterprise-grade, high-performance hardware just to sync the full node.

Keep in mind, 70–75% of Solana’s TPS is consumed by validator voting. Failed transactions are also counted, inflating the numbers. That means only about 25–30% of its TPS is actually usable. Maybe even less.

Base is already outperforming Solana in real-world speed. And later this year, MegaETH is set to launch—engineered for peak performance.

https://solanabeach.io/

Current TPS
4,036
1091 Non-Vote + 2945 Vote
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 04, 2025, 02:12:00 PM
Time to inject some ETH hopium here. Could ETH reach $80k in 2027? That's higher than my bullish targets, but hey, why not?! ETH might eventually surpass $1 million!

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 04, 2025, 02:18:17 PM
Quote from: Griffith on June 04, 2025, 10:49:42 AM
Time to sell Bitcoin and rotate to Ethereum.

Blackrock already selling BTC and buying ETH.
In my view, Ethereum has the potential to be a better long-term store of value than Bitcoin. One key reason is the long-term security model—Ethereum offers much more certainty around how it will remain secure over the next 10–20 years.

When ETH dropped to $1,400 just a few months ago, staking participation remained strong, with around 34 million ETH still staked. That resilience speaks volumes.

In contrast, Bitcoin's long-term security is more uncertain. With rising energy costs, multiple future halvings, and the possibility of a price decline, it's unclear how sustainable BTC mining will be. Ethereum's staking model has already proven its strength under pressure. But how will Bitcoin's mining model perform in a similar stress test?

Ultimately, both networks rely on their respective mechanisms—staking for Ethereum, mining for Bitcoin—to stay secure. Ethereum’s model may simply be better suited for the long haul.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 04, 2025, 02:21:55 PM
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 05, 2025, 03:42:29 AM
Eth still needs ETF staking approval and rate cuts before it makes up any meaningful ground on BTC and we can say Altseason, but it's looking much better.

Solana is cooked right now though. Trenches are rekt and those remaining have bridged over to Eth and base. ETF approval might give it a little pump, but it won't last.

Eth maxis should check out what Sbet are planning
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 05, 2025, 03:58:46 AM
Quote from: obsidian on June 04, 2025, 02:18:17 PM
In my view, Ethereum has the potential to be a better long-term store of value than Bitcoin. One key reason is the long-term security model—Ethereum offers much more certainty around how it will remain secure over the next 10–20 years.

When ETH dropped to $1,400 just a few months ago, staking participation remained strong, with around 34 million ETH still staked. That resilience speaks volumes.

In contrast, Bitcoin's long-term security is more uncertain. With rising energy costs, multiple future halvings, and the possibility of a price decline, it's unclear how sustainable BTC mining will be. Ethereum's staking model has already proven its strength under pressure. But how will Bitcoin's mining model perform in a similar stress test?

Ultimately, both networks rely on their respective mechanisms—staking for Ethereum, mining for Bitcoin—to stay secure. Ethereum’s model may simply be better suited for the long haul.

Call me back to consider if Eth ever goes back to Proof of Work.. :)

We do know for certain Eth can NEVER be a reliable store of value. It may have other useful functionality, but store of value superior to BTC is not one of them. That was a false narrative they tried, and miserably failed at.

Eth is down 15% to BTC over 10 years, 54% over 1 year, and obviously its performance to BTC will continue to worsen over time, for obvious reasons...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 05, 2025, 04:00:22 AM
Quote from: obsidian on June 04, 2025, 02:18:17 PM

In contrast, Bitcoin's long-term security is more uncertain. With rising energy costs, multiple future halvings, and the possibility of a price decline, it's unclear how sustainable BTC mining will be. Ethereum's staking model has already proven its strength under pressure. But how will Bitcoin's mining model perform in a similar stress test?


Dude you are like a broken record. BTC hashrate just hit an ATH last week...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 05, 2025, 04:02:49 AM
Quote from: affeman on March 10, 2025, 11:58:27 AM
Yeah, it's only 77k by now. You should scarf up on it immediately, a true bargain considering what you get in return :D

And now its 104K, you absolute monkey. I continued to buy and am now 30% up on those buys. Will you you ever learn your lesson???
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 05, 2025, 04:03:55 AM
Quote from: affeman on March 05, 2025, 09:02:18 AM
Accumulating smth with no intrinsic value only makes sense if u wanna dump it on someone else at one point. That's what guys like you - the buyers at 80k+ - are here for ;D

Indeed we are :D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 05, 2025, 04:05:13 AM
Quote from: affeman on March 07, 2025, 10:50:21 PM
This. Not even the ETFs and Wallstreet involvement were able to push the price significantly anymore. The desperate hope for a government bailout is now the last stage of this Ponzi, I give it a few more months. Everyone who can still run away with a solid profit should do it now, like I did after the elections ;D

Well that quote didn't age well did it...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 05, 2025, 04:06:53 AM
Quote from: affeman on March 10, 2025, 08:26:57 AM
I hope you have accumulated some more BTC by now, gib, c'mon, it's only 79k for an imaginary coin, a true bargain, you gotta go all in or you wanna stay poor?

(next time I'm gonna remind u @65k what a true bargain your imaginary coin is ;D)

I did, indeed. Whereas I am guessing you didn't and instead accumulated more infinitely value losing fiat, correct?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 05, 2025, 12:56:14 PM
Quote from: gib on June 05, 2025, 03:58:46 AM
Call me back to consider if Eth ever goes back to Proof of Work.. :)

We do know for certain Eth can NEVER be a reliable store of value. It may have other useful functionality, but store of value superior to BTC is not one of them. That was a false narrative they tried, and miserably failed at.

Eth is down 15% to BTC over 10 years, 54% over 1 year, and obviously its performance to BTC will continue to worsen over time, for obvious reasons...
ETH isn’t down relative to BTC over the past 10 years. It launched on July 30, 2015 — just under 10 years ago — at $1.20. BTC was around $290 at the time. Since then, ETH is up 211,800% (a 2,118x), while BTC has done a 352x over the same period.

Over the past 5 years, performance is roughly equal. A $10,000 investment in either would’ve returned about 10x.

BTC’s long-term security depends on miners sticking around as block rewards shrink to 1/32 or 1/64 of today’s 3.125 BTC — which happens over the next 20 years. That’s a big unknown. Transaction fees only make up about 1% of miner revenue today. To maintain the same purchasing power per block, BTC's price would need to more than double every 4 years.

Meanwhile, a 51% attack on ETH is already much harder than on BTC.

To sustain a 51% attack, you’d need control of 104% of the BTC hashrate or 104% of the ETH staking supply. For ETH, that means acquiring and staking 35 million ETH — far more than the ~19 million ETH on exchanges. Buying that much would send the price vertical. Staking takes time and is publicly visible. The community would see it, and the attacker risks having their ETH slashed, reducing the supply significantly.

By comparison, assembling 1,000 EH/s of BTC hashpower will actually be much cheaper and stealthier.

https://finance.yahoo.com/quote/BTC-USD/history/?period1=1435708800&period2=1438300800

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 05, 2025, 01:07:47 PM
Quote from: gib on June 05, 2025, 04:00:22 AM
Dude you are like a broken record. BTC hashrate just hit an ATH last week...
And how do you know this will hold true when the BTC block reward will be:

1/64 x 3.125 = 0.048828125 BTC
or
1/128 x 3.125 = 0.0244140625 BTC

You don't. It's completely unknown if miners will be able to stay solvent. We don't know what energy prices will look like. Satoshi's wallet may have been quantum hacked by then.

https://beincrypto.com/tether-ceo-satoshi-bitcoin-quantum-computing/

There is simply no way you can say 100% that everything will work out fine for BTC. BlackRock added a disclaimer that BTC's finite cap is not guaranteed:

“Although many observers believe this is unlikely at present, there is no guarantee that the current 21 million supply cap for outstanding bitcoin, which is estimated to be reached by approximately the year 2140, will not be changed. If a hard fork changing the 21 million supply cap is widely adopted, the limit on the supply of bitcoin could be lifted, which could have an adverse impact on the value of bitcoin.”

-BlackRock

They know there is no way to guarantee that miners won't insist on tail issuance to ensure that their operations remain profitable. Nobody is going to mine BTC at a huge loss and it is unknown if BTC mining will be profitable 10-20 years from now. It's already not profitable to mine BTC for most small scale miners.

https://protos.com/bitcoin-supply-may-not-be-fixed-at-21m-says-blackrock/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 05, 2025, 01:19:06 PM
Quote from: Flexacon on June 05, 2025, 03:42:29 AM
Eth still needs ETF staking approval and rate cuts before it makes up any meaningful ground on BTC and we can say Altseason, but it's looking much better.

Solana is cooked right now though. Trenches are rekt and those remaining have bridged over to Eth and base. ETF approval might give it a little pump, but it won't last.

Eth maxis should check out what Sbet are planning
SUI is also looking worse lately. It has a relatively small validator set, and its ability to censor addresses following the recent SUI hack raises serious centralization concerns. Some of the stolen SUI was converted into ETH, but the fact that such censorship was even possible is troubling. On top of that, SUI’s tokenomics aren’t great — it’s facing high inflation for the foreseeable future, which puts long-term pressure on the price.

The Bybit hack was one of the catalysts behind ETH’s sharp drop in February and March. The price started sliding just days after the hack, and the attacker ended up dumping the ETH for BTC. Some in the space even suspect it may have been a coordinated move — possibly involving insiders or exchanges — to drive down ETH’s price and create a more favorable re-entry point.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: sync pulse on June 05, 2025, 01:42:27 PM
So...What if there are no miners in the future?
Is Bitcoin only good if there are miners running an algorithm somewhere?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 05, 2025, 10:48:29 PM
Quote from: sync pulse on June 05, 2025, 01:42:27 PM
So...What if there are no miners in the future?
Is Bitcoin only good if there are miners running an algorithm somewhere?
Yes, Bitcoin fundamentally relies on miners to validate transactions and secure the network through proof-of-work. Without miners, the blockchain would stop moving forward, making Bitcoin unusable and vulnerable to attacks — so its entire functionality depends on miners being active.

Here's more on this via AI:

1. If Bitcoin is paused for a year, do wallets still have BTC?
Yes, absolutely.
Bitcoin stored in wallets is recorded on the blockchain ledger, which is immutable and persistent. Even if the network paused for a year (no new blocks mined), the existing blockchain history would remain intact. Your BTC would still be associated with your wallet's address.

However, you wouldn’t be able to send or receive BTC during that pause, because transactions require miners to include them in new blocks for confirmation.

2. What happens if a bad actor gets 51% of the hashrate?
If a malicious actor controls over 50% of the network’s mining power (a 51% attack), they could:

Reorganize the blockchain (undo recent blocks).

Double-spend their own BTC (spending the same coins twice).

Censor transactions (prevent certain transactions from being included in blocks).

But they cannot:

Steal BTC from wallets they don’t control.

Forge new coins outside the rules.

Break wallet encryption or private keys.

In short: they can't take your BTC unless they already have your private key — even with 51% control.

Summary
Your BTC remains in your wallet even if Bitcoin pauses, and even a 51% attacker can’t steal it — they can only disrupt the network's trust and functionality, not override wallet ownership.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 05, 2025, 10:54:56 PM
Quote from: gib on June 05, 2025, 04:00:22 AM
Dude you are like a broken record. BTC hashrate just hit an ATH last week...
Don't get me wrong, Gib — Bitcoin has performed incredibly well and remained remarkably stable during recent uncertain times. I don’t see that changing anytime soon, and you made a solid choice with BTC.

Ethereum, on the other hand, still has a lot of catching up to do. Personally, I think it’s significantly undervalued in what often feels like an irrational market. Time will tell. BTC launched in 2009, while ETH came out in 2015 — it's nearly two full cycles behind. It might end up mimicking Bitcoin’s 2017 run in the near future.

I'll admit it's sitting a lot lower than I expected right now, but in my opinion, the outlook is improving.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 06, 2025, 03:14:51 AM
Quote from: Flexacon on June 05, 2025, 03:42:29 AM
Eth still needs ETF staking approval and rate cuts before it makes up any meaningful ground on BTC and we can say Altseason, but it's looking much better.

Solana is cooked right now though. Trenches are rekt and those remaining have bridged over to Eth and base. ETF approval might give it a little pump, but it won't last.

Eth maxis should check out what Sbet are planning

Yet, only a matter of time.

Stablecoins and RWA tokenization will also increasingly be part of the narrative. Ethereum intends to be the 'internet of finance'.

ETH now has a lobbying group in the US, 'Etherealize' which was formed recently.

Sharplink Gaming is building an ETH reserve, already having purchased nearly half a billion dollars worth and looking to add another billion.

'ETH Strategy' was also formed.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 06, 2025, 09:48:28 AM
Quote from: Flexacon on June 05, 2025, 03:42:29 AM
Eth still needs ETF staking approval and rate cuts before it makes up any meaningful ground on BTC and we can say Altseason, but it's looking much better.

Solana is cooked right now though. Trenches are rekt and those remaining have bridged over to Eth and base. ETF approval might give it a little pump, but it won't last.

Eth maxis should check out what Sbet are planning

I explained already a few times, wrapping up a piece of shit in a nice wrapper does not change what is fundamentally inside it...
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 06, 2025, 09:51:29 AM
Quote from: Griffith on June 06, 2025, 03:14:51 AM
Ethereum intends to be the 'internet of finance'.


Reality is that the internet itself already is the "internet of finance". And with BTC as its base layer.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 06, 2025, 09:54:45 AM
Quote from: Griffith on June 06, 2025, 03:14:51 AM

Sharplink Gaming is building an ETH reserve, already having purchased nearly half a billion dollars worth and looking to add another billion.


We have seen it time and time again - the promise of "out-Bitcoining" Bitcoin. Didn't work for individuals, didn't work for hedge funds, didn't work for scammer Raul Paul, and won't work for companies... I have said it soooo many times - wealth is finite, divided we stand and succeed, those who seek to divide will fall....
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 06, 2025, 10:03:16 AM
Quote from: obsidian on June 05, 2025, 10:54:56 PM
Don't get me wrong, Gib — Bitcoin has performed incredibly well and remained remarkably stable during recent uncertain times. I don’t see that changing anytime soon, and you made a solid choice with BTC.

Ethereum, on the other hand, still has a lot of catching up to do. Personally, I think it’s significantly undervalued in what often feels like an irrational market. Time will tell. BTC launched in 2009, while ETH came out in 2015 — it's nearly two full cycles behind. It might end up mimicking Bitcoin’s 2017 run in the near future.

I'll admit it's sitting a lot lower than I expected right now, but in my opinion, the outlook is improving.

No I gotcha - BTC's performance can't be denied, for obvious reasons, and it should be very obvious why this should continue.

When you mention the 2 cycles, ETH is behind, what cycles exactly are you referring to? Bitcoin halving cycles by any chance? (As Eth has no cycles of its own). :)

I provided my valuation for Eth some time back at around $500 per coin. That was based on a standard discounted cashflow analysis which I used for all income producing assets. And that is not even taking into account that it may trend to zero due to alts to Eth emerging (of which the number is infinite). I would urge you to act on any upward move on Eth vs BTC, to convert to BTC. It may seem "painful", but in hindsight, I promise you it is the right thing to do, as Eth will continue to trend downwards in comparison to BTC over time.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 06, 2025, 10:19:52 AM
Quote from: gib on June 06, 2025, 09:48:28 AM
I explained already a few times, wrapping up a piece of shit in a nice wrapper does not change what is fundamentally inside it...

It all a piece of shit in a nice wrapper including btc. How's bitcoin working out as a digital currency. That was the original wrapper wasn't it.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 06, 2025, 11:59:08 AM
Quote from: Flexacon on June 06, 2025, 10:19:52 AM
It all a piece of shit in a nice wrapper including btc. How's bitcoin working out as a digital currency. That was the original wrapper wasn't it.

Now done by stablecoins....mostly on Ethereum  ;D
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 06, 2025, 11:59:56 AM
Ethereum Reclaims DeFi Leadership with Record $480 billion Stablecoin Volume

Ethereum has made a dramatic return to the heart of decentralized finance (DeFi) as the blockchain continues to assert its dominance in the stablecoin market. In May 2025, Ethereum reached a record $480 billion in stablecoin transactions on its Layer-1 network, driven by significant improvements in transaction efficiency and liquidity.

Following Ethereum’s resurgence, USDC has firmly established itself as the dominant stablecoin on the network. The rise of USDC’s trading volume in May 2025 reflects a broader trend toward stablecoin utility over speculative assets, particularly within the DeFi ecosystem. Stablecoins, such as USDC, are increasingly favoured for payment-driven applications, which are seen as more stable and practical compared to volatile tokens.

https://www.analyticsinsight.net/ethereum/ethereum-reclaims-defi-leadership-with-record-480-billion-stablecoin-volume-a-new-era-for-defi-20
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 06, 2025, 12:19:28 PM
Apple, X, Airbnb, and Google in Early Talks for Stablecoin Integration

Major technology companies including Apple, X, Airbnb, and Google are reportedly in early discussions with cryptocurrency firms about integrating stablecoins into their platforms, according to Fortune.

The firms are exploring stablecoin adoption as a means to enhance transaction efficiency and reduce costs. Apple and Airbnb are described as 'testing the stablecoin waters,' as reported by Fortune Crypto's reporters.

Sources mentioned the firms are discussing which stablecoin to integrate and is considering options, including top stablecoins USDT and USDC.


https://thedefiant.io/news/tradfi-and-fintech/apple-x-airbnb-google-early-talks-stablecoin-integration-88bbd20f
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 06, 2025, 08:21:40 PM
Quote from: Flexacon on June 06, 2025, 10:19:52 AM
It all a piece of shit in a nice wrapper including btc. How's bitcoin working out as a digital currency. That was the original wrapper wasn't it.

BTC is a proof work (not POS) but yes hold it direct if you can, not wrapped in anything. But either way, you need to look a the value of what it is that’s been wrapped in the first place.

As for how it’s doing as a currency it has risen in value to fait each year, now ranked 11 largest globally in terms of market cap, and 3rd most widely globally circulated after USD and Euro.

And it was originally not in any wrapper, was it … :)

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 06, 2025, 11:04:00 PM
Quote from: gib on June 06, 2025, 08:21:40 PM
BTC is a proof work (not POS) but yes hold it direct if you can, not wrapped in anything. But either way, you need to look a the value of what it is that’s been wrapped in the first place.

As for how it’s doing as a currency it has risen in value to fait each year, now ranked 11 largest globally in terms of market cap, and 3rd most widely globally circulated after USD and Euro.

And it was originally not in any wrapper, was it … :)

Wrapped in lies. Btc as digital currency was the lie originally to get people to buy it. There have been others. Funny that some BTC maxis are still in denial about it.

Without those lies it's nothing but a big piece of shit just like the rest of crypto. Doesn't mean it all isn't a great way to accumulate wealth though. One of the best.

Stable coins (and potentially tokenisation of real world assets and stocks in the future) are the only thing in *crypto that are genuinely useful.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 07, 2025, 12:53:30 AM
Quote from: Flexacon on June 06, 2025, 11:04:00 PM
Wrapped in lies. Btc as digital currency was the lie originally to get people to buy it. There have been others. Funny that some BTC maxis are still in denial about it.

Without those lies it's nothing but a big piece of shit just like the rest of crypto. Doesn't mean it all isn't a great way to accumulate wealth though. One of the best.

Stable coins (and potentially tokenisation of real world assets and stocks in the future) are the only thing in

lol what on earth are u talking about? BTC is the ultimate truth. The source code was public from day #1 of the genesis block as have been ever since. There can’t be anything more truthful than public code making use of a mathematical algorithm backed by physics.

Further, as a digital commodity, the only thing BTC does is tell the truth. That indeed at its core is what BTC is and why it is so very much need. BTC IS TRUTH. And your comment really is an entire perversion of the entire fundamental concept of how BTC functions. Not that BTC cares - indeed BTC just keeps on doing what it does regardless of what you say about it. In the long run, the truth will never be defeated by lies.

People convert economic energy into a public ledger backed by mathematics and physics. It’s a beautiful thing. And the is no more of a real world asset that can be digitised than economic energy. Which BTC is the base layer of. For obvious reasons…
 
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 07, 2025, 01:43:07 AM
Quote from: Flexacon on June 06, 2025, 11:04:00 PM
Wrapped in lies. Btc as digital currency was the lie originally to get people to buy it. There have been others. Funny that some BTC maxis are still in denial about it.

Without those lies it's nothing but a big piece of shit just like the rest of crypto. Doesn't mean it all isn't a great way to accumulate wealth though. One of the best.

Stable coins (and potentially tokenisation of real world assets and stocks in the future) are the only thing in

The aim of Ethereum is to digitize global wealth, with mass-adoption of stablecoins for payments and savings and tokenization of assets and stocks, this would push the market cap into trillions.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 07, 2025, 01:45:20 AM
Quote from: gib on June 07, 2025, 12:53:30 AM
lol what on earth are u talking about? BTC is the ultimate truth. The source code was public from day #1 of the genesis block.

People convert economic energy into a public ledger backed by mathematics and physics. It’s a beautiful thing. And the is no more of a real world asset that can be digitised than economic energy. Which BTC is the base layer of. For obvious reasons…

Good to see your maxi delusions still thriving  :D

Never change Gib. Without people like you, bitcoin and in turn crypto and my shitcoin bag wouldn't exist 🍻

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 07, 2025, 01:59:47 AM
Quote from: Griffith on June 07, 2025, 01:43:07 AM
The aim of Ethereum is to digitize global wealth, with mass-adoption of stablecoins for payments and savings and tokenization of assets and stocks, this would push the market cap into trillions.

Doesn't look like it will be done on Eth (not even with L2s and L3s) but Eth will play a role as a security layer.

The biggest hurdle for institutional adoption is KYC, cross boarder payments, transactions per second and making all that frictionless.

Whichever L1 or L2 solves that stands to win. Eth and it L2s can't do the required transactions per second, Solana is a meme chain and XRP is just a hustle
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 07, 2025, 02:08:56 AM
(https://images.ctfassets.net/h62aj7eo1csj/6KgLhBSvT9sf0vMrFFNll7/ef77ec2f4c1466843fe4a3b2002cbb03/market_map.JPG?w=1500&q=60&fm=avif)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 07, 2025, 02:14:26 AM
French banking giant to launch world’s first bank-issued dollar stablecoin on Ethereum

Société Générale's crypto subsidiary SG Forge is introducing the first bank-issued dollar stablecoin on Ethereum.

Initially targeted at institutional investors, the stablecoin aims to address growing demand in the European Union for secure, regulated access to dollar liquidity in tokenized form. SG Forge’s e-money license under EU law, similar to that held by Circle, the issuer of USDC, allows it to operate such a product legally within the bloc.

The launch comes as stablecoins enter a new phase of adoption, driven by regulatory momentum, rising institutional interest, and expanding real-world use cases.

In the US, proposed legislation like the GENIUS Act signals growing political support for payment stablecoins, calling for stricter reserve backing and issuer oversight. Though not yet law, these efforts reflect a shift toward formalizing stablecoins within the traditional financial system.

https://cryptobriefing.com/dollar-stablecoin-launch-ethereum/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 07, 2025, 02:44:58 AM
Quote from: Griffith on June 07, 2025, 02:08:56 AM
(https://images.ctfassets.net/h62aj7eo1csj/6KgLhBSvT9sf0vMrFFNll7/ef77ec2f4c1466843fe4a3b2002cbb03/market_map.JPG?w=1500&q=60&fm=avif)

They are using ETH as a security layer, but ETH isn't solving any of the current issues

You would still need to individually KYC for a lot of those platforms, same as you do now in the real world.

If you want to use crypto you hold on Robinhood and buy a tokenised Lambo, then you still have to go through multiple steps on the blockchain and sometimes 3rd parties to complete that. Again no different to now. Also eventually ETh and it L3s/L3s will cap out on TPS

The first part of the solution needs to be you KYC once, it's saved on the blockchain and you can use it anywhere. The second part of the solution is a 1 click trade/purchase between any crypto and assets without the need for 3rd parties.

Everything needs to be frictionless, instantaneous and secure. Eth handles the secure part, but not the rest, so another solution that works alongside Eth is needed (not L2s/L3s)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 07, 2025, 03:02:09 AM
Quote from: Flexacon on June 07, 2025, 02:44:58 AM
They are using ETH as a security layer, but ETH isn't solving any of the current issues

You would still need to individually KYC for a lot of those platforms, same as you do now in the real world.

If you want to use crypto you hold on Robinhood and buy a tokenised Lambo, then you still have to go through multiple steps on the blockchain and sometimes 3rd parties to complete that. Again no different to now. Also eventually ETh and it L3s/L3s will cap out on TPS

The first part of the solution needs to be you KYC once, it's saved on the blockchain and you can use it anywhere. The second part of the solution is a 1 click trade/purchase between any crypto and assets without the need for 3rd parties.

Everything needs to be frictionless, instantaneous and secure. Eth handles the secure part, but not the rest, so another solution that works alongside Eth is needed (not L2s/L3s)

As mentioned, a large French bank, Société Générale is already introducing stablecoins on Ethereum.

This from the Visa website, they have several articles:

Visa: Empowering the future of payments with stablecoins

Stablecoins combine the stability of fiat currencies with the speed of crypto — enabling digital payments that are fast, borderless and accessible.

Learn how Visa is a leader working to integrate stablecoins into the next generation of payments, with innovative solutions for banks, fintechs and crypto wallets.

Stablecoins are becoming increasingly integrated into mainstream payments — not just for crypto companies, but for banks, corporates and financial institutions globally. As adoption becomes more widespread, every financial institution should have a stablecoin strategy — Visa can help.

As recent shifts in the regulatory landscape have the capacity to catalyze stablecoin growth, every bank and fintech should have a stablecoin strategy. Explore how stablecoins are integrating into traditional payment solutions while enabling banks to accelerate growth across public blockchains.

https://corporate.visa.com/en/solutions/crypto/stablecoins.html
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 07, 2025, 04:35:11 AM
Quote from: Griffith on June 07, 2025, 03:02:09 AM
As mentioned, a large French bank, Société Générale is already introducing stablecoins on Ethereum.

This from the Visa website, they have several articles:

Visa: Empowering the future of payments with stablecoins

Stablecoins combine the stability of fiat currencies with the speed of crypto — enabling digital payments that are fast, borderless and accessible.

Learn how Visa is a leader working to integrate stablecoins into the next generation of payments, with innovative solutions for banks, fintechs and crypto wallets.

Stablecoins are becoming increasingly integrated into mainstream payments — not just for crypto companies, but for banks, corporates and financial institutions globally. As adoption becomes more widespread, every financial institution should have a stablecoin strategy — Visa can help.

As recent shifts in the regulatory landscape have the capacity to catalyze stablecoin growth, every bank and fintech should have a stablecoin strategy. Explore how stablecoins are integrating into traditional payment solutions while enabling banks to accelerate growth across public blockchains.

https://corporate.visa.com/en/solutions/crypto/stablecoins.html

Ethereum and it's L2s work fine as a settlement layer, but it wont cut it as a transaction layer.

Visa is also working with Solana. Solana for example could potentially be a transaction layer for Visa payments and Eth could still be a settlement layer.

Just because companies are working with Eth and it's L2s doesn't mean it's going to be a one stop solution for all digital assets and tokenisation. It's only part of the solution. Don't get caught up in Eth Maximalism
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 07, 2025, 01:57:49 PM
Quote from: gib on June 06, 2025, 10:03:16 AM
I provided my valuation for Eth some time back at around $500 per coin. That was based on a standard discounted cashflow analysis which I used for all income producing assets.
There’s no need to overcomplicate things with fancy cash flow models. The key point is simple: ETH is a powerful store of value, and it also generates yield. On top of that, it operates on the most secure and economically robust blockchain in existence.

While Ethereum's capabilities—smart contracts, DeFi, stablecoins, and more—are impressive, they are bonuses. The core value proposition of ETH is as a store of value. I hold it for that reason, and I’m far from alone.

Since its launch in 2015, ETH has appreciated roughly 2,100x, compared to Bitcoin’s ~350x over the same period. That means ETH has outperformed BTC by approximately 6x over the past decade.

Yet despite this performance, ETH remains significantly undervalued relative to BTC. In recent years, BTC has gained more attention—largely due to market irrationality and Ethereum’s weaker marketing efforts, not fundamental superiority.

It’s also worth noting that many people apply complex valuation models to ETH but not to BTC—an inconsistent standard. But ultimately, none of that is necessary. What matters is this: ETH is a world-class store of value with the potential to reach $100,000, $1 million, or beyond.

Everyone should seriously consider working toward becoming a whole coiner of ETH. The reasons are becoming more obvious by the day.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 08, 2025, 01:36:43 AM
Ethereum Reclaims DeFi Leadership with Record $480 billion Stablecoin Volume

Ethereum has made a dramatic return to the heart of decentralized finance (DeFi) as the blockchain continues to assert its dominance in the stablecoin market. In May 2025, Ethereum reached a record $480 billion in stablecoin transactions on its Layer-1 network, driven by significant improvements in transaction efficiency and liquidity.

Following Ethereum’s resurgence, USDC has firmly established itself as the dominant stablecoin on the network. The rise of USDC’s trading volume in May 2025 reflects a broader trend toward stablecoin utility over speculative assets, particularly within the DeFi ecosystem. Stablecoins, such as USDC, are increasingly favored for payment-driven applications, which are seen as more stable and practical compared to volatile tokens.

The growing adoption of stablecoins is evident in Ethereum’s mainnet transaction volume, as it serves as the preferred network for real-world use cases requiring efficient payments.

Stablecoins have become essential in DeFi because they provide stability in a volatile crypto market, and are especially beneficial for global payments.

https://www.analyticsinsight.net/ethereum/ethereum-reclaims-defi-leadership-with-record-480-billion-stablecoin-volume-a-new-era-for-defi-20
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: gib on June 08, 2025, 09:03:49 AM
Quote from: obsidian on June 07, 2025, 01:57:49 PM
There’s no need to overcomplicate things with fancy cash flow models. The key point is simple: ETH is a powerful store of value, and it also generates yield. On top of that, it operates on the most secure and economically robust blockchain in existence.

While Ethereum's capabilities—smart contracts, DeFi, stablecoins, and more—are impressive, they are bonuses. The core value proposition of ETH is as a store of value. I hold it for that reason, and I’m far from alone.

Since its launch in 2015, ETH has appreciated roughly 2,100x, compared to Bitcoin’s ~350x over the same period. That means ETH has outperformed BTC by approximately 6x over the past decade.

Yet despite this performance, ETH remains significantly undervalued relative to BTC. In recent years, BTC has gained more attention—largely due to market irrationality and Ethereum’s weaker marketing efforts, not fundamental superiority.

It’s also worth noting that many people apply complex valuation models to ETH but not to BTC—an inconsistent standard. But ultimately, none of that is necessary. What matters is this: ETH is a world-class store of value with the potential to reach $100,000, $1 million, or beyond.

Everyone should seriously consider working toward becoming a whole coiner of ETH. The reasons are becoming more obvious by the day.

Anything, even a banana, can be a "store of value". The key thing to consider what, of an infinite number of stores, is the ultimate store of value. The answer to that is Bitcoin, and there is no way Eth, or any "alt" can out-Bitcoin at what Bitcoin does best. Eth never was a store of value (of obvious reasons). BTC not dependent on any "revenue" for a "yield" is one of its may strengths ) and of course one of many Eth's weekensses, which will impact its perceived (and actual) value, as an infinite number of cheaper alternatives come along. It should be obvious that we will, for obvious reasons, not see the reserves of countries, or sovereign wealth funds, or family offices etc add Eth in any meaningful way are the are BTC as the ultimate global store of value.

However, will the usage of Eth increase with the rise of the use of stable coins - yes that is certainly possible.

You seem well-intentioned, and smart - just somehow, there is something holding you back, and part of that may be that you are so smart that you can't see the forest from the trees.

I won't repeat myself for now, so will drop back to say hi when BTC hits $125,000. By then, we will likely also have seen ETH fall to another ATL to BTC. I know you wish (obviously in hindsight) to have listened to me way back - now it seems too late to make the move back to BTC, but if not - the longer you wait, the more the disparity in performance and respective market caps will grow.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 08, 2025, 11:48:00 PM
Quote from: gib on June 08, 2025, 09:03:49 AM
I won't repeat myself for now, so will drop back to say hi when BTC hits $125,000. By then, we will likely also have seen ETH fall to another ATL to BTC.
BTC hitting $125,000 is only an 18.5% gain from here. ETH, on the other hand, has 100% upside just to return to its 2021 all-time high.

Plenty of investors missed the BTC train. They'll look for the next one that moves faster — and ETH might be it.

Now consider Bitcoin’s inverted security model. Here's what the block reward decay looks like over the next 23 years:

BITCOIN BLOCK REWARDS
3.125000 BTC
################################################################
1.562500 BTC
################################
0.781250 BTC
################
0.390625 BTC
########
0.195313 BTC
####
0.097656 BTC
##
0.048828 BTC
#

You're betting that miners can survive this collapse in rewards. But energy prices aren’t fixed — and we don’t know if BTC’s price will keep up with both halvings and inflation.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 09, 2025, 12:17:17 AM
Quote from: obsidian on June 08, 2025, 11:48:00 PM
Now consider Bitcoin’s inverted security model.

If there are any issues with Bitcoin's security model in the future then Blackrock and other institutions will step in to save it.

It won't matter if the solution goes against bitcoins original ethos of decentralization either. Blackrock and Co will do whatever ugly things are needed to keep their bitcoin from collapsing.

TLDR: Blackrock are the security model now.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 09, 2025, 12:24:15 AM
Quote from: Flexacon on June 07, 2025, 04:35:11 AM
Ethereum and it's L2s work fine as a settlement layer, but it wont cut it as a transaction layer.

Visa is also working with Solana. Solana for example could potentially be a transaction layer for Visa payments and Eth could still be a settlement layer.

Just because companies are working with Eth and it's L2s doesn't mean it's going to be a one stop solution for all digital assets and tokenisation. It's only part of the solution. Don't get caught up in Eth Maximalism
Ethereum L2s are already functioning as full transaction layers, offering the best of both worlds: scalable throughput and Ethereum’s battle-tested security. Chains like BASE have demonstrated real-world performance with ~1,000 TPS, and rollup technology continues to improve rapidly.

Ethereum itself remains a premier settlement layer, but L2s are scaling its transactional capacity with lower fees, faster execution, and full compatibility with the broader Ethereum ecosystem.

Meanwhile, Solana is often promoted as a 65,000 TPS chain—but that figure is misleading. About 75% of its throughput is just validator vote traffic, a byproduct of its Proof of History design. Actual user-level throughput is closer to 800–1,000 TPS. And under volume stress, Solana has historically experienced network slowdowns and outages.

Visa’s partnership with Solana doesn’t mean it’s the definitive transaction layer—it just highlights that different chains suit different needs. Ethereum’s modular L2 ecosystem is also well-suited for high-throughput applications, with the added benefits of decentralization, security, and composability.

Even Vitalik expects Ethereum L1 to scale 10x in the next year, further strengthening the base layer.

But ultimately, Ethereum’s value proposition doesn’t need to rest on raw TPS metrics. Like Bitcoin, ETH’s store-of-value appeal is rooted in its longevity, security, and growing adoption—regardless of who moves the fastest on paper.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 09, 2025, 12:32:27 AM
Quote from: Flexacon on June 09, 2025, 12:17:17 AM
If there are any issues with Bitcoin's security model in the future then Blackrock and other institutions will step in to save it.

It won't matter if the solution goes against bitcoins original ethos of decentralization either. Blackrock and Co will do whatever ugly things are needed to keep their bitcoin from collapsing.

TLDR: Blackrock are the security model now.
A chain that requires artificial support to survive is inherently weaker. Ethereum can stand on its own without ongoing subsidies. Its security is backed by a robust staking mechanism, and all validators earn a yield—creating a more sustainable and economically sound security model that consumes far less energy.

Propping up Bitcoin’s security with subsidies just to maintain the illusion of strength would be madness. If it can't sustain itself post-halvings, that suggests the market backed the wrong security architecture. Honestly, it's surprising they've let it get this far without addressing the flaws.

Right now, the Bitcoin network consumes nearly half the peak output of China’s Three Gorges Dam—around 22 GW. That’s an enormous amount of energy that could be redirected to power AI infrastructure, among other things. Even BTC miners are pivoting: many are now integrating AI processing into their facilities because mining alone is no longer profitable. And it will only get worse with each halving.

Then there’s Saylor and his so-called "strategy," which is rapidly becoming a single point of failure for Bitcoin. He was also a central figure in the dotcom bubble—go look up his track record. History doesn’t always repeat, but it often rhymes.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 09, 2025, 01:33:31 AM
Quote from: Flexacon on June 09, 2025, 12:17:17 AM
If there are any issues with Bitcoin's security model in the future then Blackrock and other institutions will step in to save it.

It won't matter if the solution goes against bitcoins original ethos of decentralization either. Blackrock and Co will do whatever ugly things are needed to keep their bitcoin from collapsing.

TLDR: Blackrock are the security model now.

Disclaimer from Blackrock:

"There is no guarantee that bitcoin's 21 million supply cap will not be changed."

https://www.forbes.com/sites/digital-assets/2024/12/19/blackrock-just-quietly-confirmed-a-devastating-bitcoin-price-bombshell/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Flexacon on June 09, 2025, 02:09:43 AM
Quote from: obsidian on June 09, 2025, 12:32:27 AM
A chain that requires artificial support to survive is inherently weaker. Ethereum can stand on its own without ongoing subsidies. Its security is backed by a robust staking mechanism, and all validators earn a yield—creating a more sustainable and economically sound security model that consumes far less energy.

Propping up Bitcoin’s security with subsidies just to maintain the illusion of strength would be madness. If it can't sustain itself post-halvings, that suggests the market backed the wrong security architecture. Honestly, it's surprising they've let it get this far without addressing the flaws.

Right now, the Bitcoin network consumes nearly half the peak output of China’s Three Gorges Dam—around 22 GW. That’s an enormous amount of energy that could be redirected to power AI infrastructure, among other things. Even BTC miners are pivoting: many are now integrating AI processing into their facilities because mining alone is no longer profitable. And it will only get worse with each halving.

Then there’s Saylor and his so-called "strategy," which is rapidly becoming a single point of failure for Bitcoin. He was also a central figure in the dotcom bubble—go look up his track record. History doesn’t always repeat, but it often rhymes.

Lol. Stop it, like ETH hasn't had artificial support to survive. Eth maxis don't get to take the moral high ground here.

Stop being a chain maxi and become a profit maxi. You should have max bid BTC as soon as Blackrock officially got involved (it's still not too late and at some point after alt season just rotate eth into BTC)

You then sell before the current model of BTC looks to be in trouble (still several years, maybe even a decade away)

You then wait for Blackrock to do their dirty deeds, the inevitable BTC price crash and then you buy the generational bottom of Blackrock's Bitcoin.

You have the necessary technical knowledge to front run all this. Just don't get caught up in Maximalism
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 09, 2025, 02:32:40 AM
Quote from: Flexacon on June 09, 2025, 02:09:43 AM
Lol. Stop it, like ETH hasn't had artificial support to survive. Eth maxis don't get to take the moral high ground here.

Stop being a chain maxi and become a profit maxi. You should have max bid BTC as soon as Blackrock officially got involved (it's still not too late and at some point after alt season just rotate eth into BTC)

You then sell before the current model of BTC looks to be in trouble (still several years, maybe even a decade away)

You then wait for Blackrock to do their dirty deeds, the inevitable BTC price crash and then you buy the generational bottom of Blackrock's Bitcoin.

You have the necessary technical knowledge to front run all this. Just don't get caught up in Maximalism

And Ethereum, now holding over 3.65 billion USD worth.

They've bought half a billion in the last 10 days.

And sold over half a billion dollars of BTC in the same period.

https://intel.arkm.com/explorer/entity/blackrock

https://www.cryptotimes.io/2025/06/08/blackrock-buys-500m-ethereum-on-coinbase-in-10-days-arkham/
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 09, 2025, 02:48:08 AM
Spot Ether ETFs 15-day inflow streak accumulates $837.5M inflows

US-based spot Ether exchange-traded funds (ETFs) have just recorded a third consecutive trading week of inflows. If next week follows suit, the current inflow streak alone may surpass $1 billion in total inflows.

The current inflow streak since May 16 has now brought in $837.5 million, roughly 25% of the total $3.32 billion in net inflows since spot Ether ETFs launched in July 2024.

Cointelegraph recently reported that a multi-year gold fractal is making a strong case for an Ether price rally toward $6,000 in the coming months.

https://cointelegraph.com/news/spot-ether-etfs-inflow-streak-large-portion-net-flows
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on June 10, 2025, 03:11:53 PM
Did mayday call the ethereum bottom?!?!?!


Quote from: Mayday on March 13, 2025, 08:27:30 PM
Everyone is still bullish ETH….. the opposite of capitulation.

This is what I mean by ETH bleeding out. It has round tripped 9yrs and most are talking about what a great opportunity it is 🤔


Today marks 1yr from 74k top and blood moon. Equinox on the 20th. If BTC can tag 69k I reckon that’s enough to capitulate ETH to lows and then we might be done. Depends how hard the wealthy prayed to Satan.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 10, 2025, 11:12:00 PM
Quote from: SouJerz on June 10, 2025, 03:11:53 PM
Did mayday call the ethereum bottom?!?!?!

Nah I just like to test the resolve at lows.

I called 113k well in advance though and we tagged 112k. I’ve called the next stop 126k well early aswell.

When gib asked for year end numbers I said 180k but the triggers haven’t occurred just yet.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 11, 2025, 01:10:31 PM
Quote from: Flexacon on June 09, 2025, 02:09:43 AM
Lol. Stop it, like ETH hasn't had artificial support to survive. Eth maxis don't get to take the moral high ground here.

Stop being a chain maxi and become a profit maxi. You should have max bid BTC as soon as Blackrock officially got involved (it's still not too late and at some point after alt season just rotate eth into BTC)

You then sell before the current model of BTC looks to be in trouble (still several years, maybe even a decade away)

You then wait for Blackrock to do their dirty deeds, the inevitable BTC price crash and then you buy the generational bottom of Blackrock's Bitcoin.

You have the necessary technical knowledge to front run all this. Just don't get caught up in Maximalism
Where is the evidence that Ethereum has received artificial support? ETH’s security is currently backed by over 34.69 million staked ETH, despite the asset still trading well below its 2021 all-time high. Staked ETH is at an ATH. That’s not artificial support—that’s market participants voluntarily committing capital to secure the network and earn yield. Staking isn’t a subsidy; it’s a sustainable, incentive-aligned model.

https://beaconcha.in/charts/staked_ether

By contrast, Bitcoin’s security depends on perpetual block subsidies, which are guaranteed to halve every four years. As those rewards approach zero, miner revenue will be entirely dependent on transaction fees. No one knows if that model can support the current level of network security. That’s a structural question, not a price one.

And let’s be honest—miners are pivoting into AI compute. That’s not a sign of strength. It’s a signal that Bitcoin mining is becoming economically untenable unless prices continue to rise exponentially, which is a risky assumption to make.

I’m not interested in being a ‘chain maxi’—I care about long-term sustainability and sound design. If Bitcoin can eventually secure itself without subsidies, great. But right now, we’re betting on a model that’s never been tested without massive rewards. Ethereum already made that transition.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on June 11, 2025, 01:15:10 PM
Quote from: Mayday on June 10, 2025, 11:12:00 PM
Nah I just like to test the resolve at lows.

I called 113k well in advance though and we tagged 112k. I’ve called the next stop 126k well early aswell.

When gib asked for year end numbers I said 180k but the triggers haven’t occurred just yet.

You did call 180k. I think gib called 150k or 175k?  And I called 125k. 


Keep stacking satoshis!


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 11, 2025, 01:16:52 PM
Quote from: Mayday on June 10, 2025, 11:12:00 PM
Nah I just like to test the resolve at lows.

I called 113k well in advance though and we tagged 112k. I’ve called the next stop 126k well early aswell.

When gib asked for year end numbers I said 180k but the triggers haven’t occurred just yet.
You said ETH round tripped 9 years. ETH is up 6x more than BTC since its launch in 2015.

5 years ago, BTC's market cap was around $171 billion. The price was around $9,300 and the supply around 18.4 million BTC.

ETH is more than 6 years younger than BTC and it's market cap right now is around 2x what BTC's market cap was 5 years ago.

Blockchain tech is still young. We don't know what happens 10-20 years from now. ETH could flip BTC's market cap or ETH could be flipped. Anything is possible, and nothing is assured.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 11, 2025, 01:26:55 PM
Here’s a really interesting video featuring Joe Lubin. He talks about how the SEC under Gensler actively tried to slow down Ethereum, even going as far as suing ConsenSys to undermine it. Meanwhile, Bitcoin never faced the same kind of regulatory pressure. Now that this chapter is behind him, Lubin says he plans to be much more vocal—similar to how Saylor has championed Bitcoin.

Lubin also said both Bitcoin and Ethereum need to increase in value significantly. He mentioned a potential $3 million price tag for BTC. When asked about his ETH prediction, he didn’t give a specific number but said it would be “much higher” than today’s levels. Ryan threw out $250,000 as a target.

Personally, I think ETH will eventually be worth somewhere in the six- to seven-digit range.

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 11, 2025, 01:31:48 PM
Bitcoin, Ethereum, and many other crypto assets will likely continue to be undervalued when measured against the dollar—especially when you consider their long-term price potential. The U.S. dollar has been losing purchasing power steadily since 1913, and there’s no real sign that this trend will reverse. Why would it?

ETH is currently trading around $2,800. When it returns to $4,000, we’ll look back and recognize that $2,800 was clearly undervalued. And when it eventually hits $10,000, even $4,000 will seem like a bargain in hindsight.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on June 11, 2025, 02:29:38 PM
Quote from: obsidian on June 11, 2025, 01:31:48 PM
Bitcoin, Ethereum, and many other crypto assets will likely continue to be undervalued when measured against the dollar—especially when you consider their long-term price potential. The U.S. dollar has been losing purchasing power steadily since 1913, and there’s no real sign that this trend will reverse. Why would it?

ETH is currently trading around $2,800. When it returns to $4,000, we’ll look back and recognize that $2,800 was clearly undervalued. And when it eventually hits $10,000, even $4,000 will seem like a bargain in hindsight.


10,000?!?!?   I heard ETH to $50,000
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 11, 2025, 04:48:47 PM
Quote from: SouJerz on June 11, 2025, 02:29:38 PM

10,000?!?!?   I heard ETH to $50,000
$100,000 eventually, and higher. But first we have to get to $5k and $10k.

There's a lot of resistance at $4k. I expect some investors will sell off at that mark. Time will tell how easily ETH goes to a new ATH and higher.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Mayday on June 12, 2025, 02:05:45 AM
Quote from: obsidian on June 11, 2025, 01:16:52 PM
You said ETH round tripped 9 years. ETH is up 6x more than BTC since its launch in 2015.

5 years ago, BTC's market cap was around $171 billion. The price was around $9,300 and the supply around 18.4 million BTC.

ETH is more than 6 years younger than BTC and it's market cap right now is around 2x what BTC's market cap was 5 years ago.

Blockchain tech is still young. We don't know what happens 10-20 years from now. ETH could flip BTC's market cap or ETH could be flipped. Anything is possible, and nothing is assured.


Did I read the ETHBTC chart wrong ???


Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 12, 2025, 05:20:16 PM
Quote from: Mayday on June 12, 2025, 02:05:45 AM

Did I read the ETHBTC chart wrong ???
That chart goes back to 2017. 2025 - 9 = 2016.

Ethereum launched in 2015, and is up around 2100x since launch. BTC is up around 350x since the time ETH launched. ETH thus outperformed BTC by 6x in that time period.

Also note that ETH's current market cap is 2x BTC's 2020 market cap 5 years ago. But ETH is 6 years younger than BTC. BTC had a head start. What will ETH's market cap be in 2030?
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 13, 2025, 12:48:39 PM
On Shopify. Amazon, eBay, Apple etc. will probably be next.

Stablecoins will be the future of online payments.

(https://pbs.twimg.com/media/GtV-tR8bMAEQKeq?format=jpg&name=large)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 13, 2025, 02:00:58 PM
BTC: Literally depends on cheap oil
ETH: Is the digital oil
Middle East on fire.
Pick your fighter.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 13, 2025, 02:01:46 PM
BREAKING: Israel hits Iran. Iran vows revenge.
→ Energy prices spike
→ Bitcoin mining becomes unsustainable
→ Ethereum, powered by staking, chilling in the corner like:
‘Good luck with your power bill, bro.’ 💀⚡️

Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 13, 2025, 11:33:41 PM
Made in conjunction with the Ethereum Foundation and Etherealize, the institutional marketing arm of Ethereum:

https://ethdigitaloil.com/

(https://pbs.twimg.com/media/GtPuaZuX0AAnXnt?format=jpg&name=medium)
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 14, 2025, 02:28:36 AM
Quote from: Griffith on June 13, 2025, 11:33:41 PM
Made in conjunction with the Ethereum Foundation and Etherealize, the institutional marketing arm of Ethereum:

https://ethdigitaloil.com/

(https://pbs.twimg.com/media/GtPuaZuX0AAnXnt?format=jpg&name=medium)
Very good move by Etherealize. Organized and clear.

$15k and then $80k ETH incoming.



Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: obsidian on June 14, 2025, 02:32:40 AM
Ethereum doesn’t need just one Etherealize or one SBET company — it needs a wave of them. This is a marathon, not a sprint. To unlock its full potential, we have to stay focused and resist complacency.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: Griffith on June 14, 2025, 05:33:16 AM
The sudden activity is possibly due to this, according to Joseph Lubin:

''Before Chair Gensler made it unadvisable for me/us to be publicly vocal about what we cared about, because his SEC was conducting an inquisition on the Ethereum (mostly) and decentralized ecosystem, I/we were very vocal.  Now that we are not under attack by the US gov, I/we can speak more freely.''

People had criticised the Ethereum Foundation, Consenys etc. for not doing anything to promote Ethereum and to counter attacks from certain groups.

The captured SEC did a lot of damage to ETH over the past few years, which is now having to be undone, which is why we're seeing so much activity and finally a lobbying group in Wall Street and the US.
Title: Re: Bitcoins - about to hit $5,000 per coin today!
Post by: SouJerz on June 14, 2025, 11:05:17 PM
Quote from: obsidian on June 12, 2025, 05:20:16 PM
That chart goes back to 2017. 2025 - 9 = 2016.

Ethereum launched in 2015, and is up around 2100x since launch. BTC is up around 350x since the time ETH launched. ETH thus outperformed BTC by 6x in that time period.

Also note that ETH's current market cap is 2x BTC's 2020 market cap 5 years ago. But ETH is 6 years younger than BTC. BTC had a head start. What will ETH's market cap be in 2030?


Your mental trickery makes me think you may have a vagina?